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Access the Future of Investing

At Wedbush Funds, we are dedicated to providing investors with access to transformative sectors through thoughtfully developed ETFs.

Our inaugural offering

The Dan Ives AI Revolution ETF, exemplifies our commitment to innovation and excellence.

IVES

Dan Ives AI Revolution ETF

The Dan Ives AI Revolution ETF seeks to capitalize on the rapid growth of artificial intelligence by investing in companies poised to lead the AI transformation. This fund offers investors exposure to a diversified portfolio of firms at the cutting edge of AI technology.

Key Information As of __/__/__

Inception Date __/__/__
Total Expense Ratio 0.75%
Net Assets $1.5 billion
NAV $35.78
Fact Sheet

Key Information As of __/__/__

The Wedbush IVES AI Revolution ETF (the “Fund”) seeks to track the total return performance, before fees and expenses, of the Wedbush IVES AI Revolution Index (the “Index”).

Trading Details As of __/__/__

Ticker IVES
Bloomberg Index Ticker IIVES
CUSIP 345432Y9876
ISIN US7878Y8432
Primary Exchange NYSE ARCA
Shares Outstanding 67,6660,005
Number of Holdings 65
30-Day Median Bid-Ask Spread 0.02%

Distributions As of __/__/__

30- Day SEC Yield -0,12%
Distribution Frequency Semi-Annually Semi-Annually
Distribution History

ETF Prices As of __/__/__

NAV $36.78 Daily Change -$1.65 -$4.65
Market Price $36.61 Daily Change -$1.65 -$4.65

Performance History

As of recent
Fund NAV Market Price Index
1 Year 6.81% 7.04% 7.21%
3 Year 6.81% 7.04% 7.21%
5 Year 6.81% 7.04% 7.21%
Since Inception 6.81% 7.04% 7.21%
Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of __/__/__

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
4.61 IVES DAN IVES AI REVOLUTION BMMV2K8 66.49 2,032,654 135,150,179.45
4.61 IVES DAN IVES AI REVOLUTION BMMV2K8 66.49 2,032,654 135,150,179.45
4.61 IVES DAN IVES AI REVOLUTION BMMV2K8 66.49 2,032,654 135,150,179.45
4.61 IVES DAN IVES AI REVOLUTION BMMV2K8 66.49 2,032,654 135,150,179.45
Show All

Holdings are subject to change. “Cash” denotes U.S. dollars.

Exposure As of __/__/__

Sector Weight (%)
Information Technology 70.8
Consumer Discretionary 10.9
Communications Services 9.7
Industrials 7.3
Health Care 0.8
Materials 0.3
Financials 0.2
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

Exclusive analyses and perspectives from industry experts on market trends and the evolving ETF and investments landscape.

06/18/2025

AI: The Fourth Industrial Revolution is Here

Read more
06/12/2025

Dan IVES AI Revolution ETF Surpasses $100 Million AUM Within First Trading Week of Wedbush Fund Advisers’ Inaugural Offering

Read more
06/04/2025

Wedbush Fund Advisers Launches IVES AI Revolution ETF Built on Dan Ives’ Proprietary Research

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View More Related Research

Fund Information

Prospectus & Regulatory Information
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report

The Solactive Wedbush Artificial Intelligence Index represents U.S.-listed equities identified as significant enablers or adopters of artificial intelligence technologies through their strategic focus, partnerships, innovation, product development, or integration of AI into their operations.

AI Technology Risk. AI technology is generally highly reliant on the collection and analysis of large amounts of data, and itis not possible or practicable to incorporate all relevant data into the model that such AI utilizes to operate. Certain data insuch models will inevitably contain a degree of inaccuracy and error – potentially materially so – and could otherwise beinadequate or flawed, which would be likely to degrade the effectiveness of the AI technology. Companies involved in, orexposed to, artificial intelligence-related businesses may have limited product lines, markets, financial resources or personnel. These companies face intense competition and potentially rapid product obsolescence, and many depend significantly on retaining and growing the consumer base of their respective products and services. Many of these companies are also reliant on the end-user demand of products and services in various industries that may in part utilize artificial intelligence. Further,many companies involved in, or exposed to, artificial intelligence-related businesses may be substantially exposed to the market and business risks of other industries or sectors, and the Fund may be adversely affected by negative developments impacting those companies, industries or sectors.

Calculation Methodology Risk. The Index relies directly or indirectly on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or a correct valuation of securities, nor can they guarantee the availability or timeliness of the production of the Index.

Concentration Risk. The Fund’s investments will be concentrated in an industry or group of industries to the extent that the Index is so concentrated. In such event, the value of the Shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries.

Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at WedbushFunds.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Wedbush Funds are distributed by Foreside Fund Services, LLC.

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Pasadena | CA | 91101
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Latest Discount As of 7/18/2025

NAV $27.79
Market Price $27.82
Premium (Discount) $0.03
Premium Discount % 0.00%

Current View 2025 Q2 As of 7/1/2025

Days at Premium 17
Days at NAV 1
Days at Discount 1
Greatest Premium 1.04%
Greatest Discount -0.04%

Latest Discount As of 7/18/2025

Hover over the chart points for details
i View chart Explanation The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

What does it mean when the Fund trades at a premium/discount to its NAV?
The primary explanation is that discrepancies can arise as a result of the timing of the calculation of Fund net asset value (NAV) and the trading price of the Fund on the open market. Open market prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund’s underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time differences?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of the Wedbush Funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade – from which the closing price is determined – may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to differ from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Latest Discount As of 7/18/2025

NAV $27.79
Market Price $27.82
Premium (Discount) $0.03
Premium Discount % 0.00%

Current View 2025 Q2 As of 7/18/2025

Days at Premium 17
Days at NAV 1
Days at Discount 1
Greatest Premium 1.04%
Greatest Discount -0.04%

Latest Discount As of 7/18/2025

Hover over the chart points for details
i View chart Explanation The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

What does it mean when the Fund trades at a premium/discount to its NAV?
The primary explanation is that discrepancies can arise as a result of the timing of the calculation of Fund net asset value (NAV) and the trading price of the Fund on the open market. Open market prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund’s underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time differences?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of the Wedbush Funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade – from which the closing price is determined – may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to differ from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Distribution History
Ex-Date Record Date Payable Date Amount
2025
01/11/2025 01/11/2025 01/11/2025 $0.257400
03/25/2025 03/25/2025 03/25/2025 $0.357400

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