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IVES

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

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

IVES

Dan Ives Wedbush AI Revolution ETF

The Dan IVES Wedbush 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 6/5/2025

Inception Date 06/03/2025
Total Expense Ratio 0.75%
Net Assets $59,416,529.91
NAV $25.18
Fact Sheet Print

ETF Objective As of 6/5/2025

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

Trading Details As of 6/5/2025

Ticker IVES
Bloomberg Index Ticker SOLIVES
CUSIP 947913109
ISIN US9479131099
Primary Exchange NYSE ARCA
Shares Outstanding 2,360,000.00
Number of Holdings 30
30-Day Median Bid-Ask Spread 0.04%

Distributions As of 6/5/2025

30-Day SEC Yield i A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund's expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. N/A
Distribution Frequency Annual
Distribution History

ETF Prices As 6/5/2025

NAV $25.18 Daily Change -$0.17 -0.67%
Market Price $25.24 Daily Change -$0.13 -0.52%
NAV $25.18 Daily Change $-0.17 -0.67%
Market Price $25.24 Daily Change $-0.13 0.52%

Performance History

Premium Discount Chart
As of recent 4/30/2025 4/30/2025
Fund NAV Market Price Index
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3 Year N/A N/A N/A
5 Year N/A N/A N/A
Since Inception N/A N/A N/A
1 Year N/A N/A N/A
3 Year N/A N/A N/A
5 Year N/A N/A N/A
Since Inception N/A N/A N/A
As of recent 4/30/2025 4/30/2025
Fund NAV Market Price Index
Year-to-Date N/A N/A N/A
1 Month N/A N/A N/A
3 Months N/A N/A N/A
Since Inception -0.40% N/A 0.40%
Year-to-Date N/A N/A N/A
1 Month N/A N/A N/A
3 Months N/A N/A N/A
Since Inception N/A N/A N/A
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 6/5/2025

Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of CSV file not found.

sector Weight (%)
industry Weight (%)
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.

06/04/2025

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

Read more
04/09/2025

Wedbush Enters the ETF Market

Read more
View More Related Research

ETF Documents

Prospectus & Regulatory 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

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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Corporate Location

225 S. Lake Ave., Penthouse
Pasadena | CA | 91101
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

Latest Discount As of 6/5/2025

NAV $25.18
Market Price $25.24
Premium (Discount) $0.06
Premium Discount % 0.23%

Current View 2025 Q2 As of 6/5/2025

Days at Premium 1
Days at NAV 0
Days at Discount 0
Greatest Premium 0.23%
Greatest Discount 0.23%

Latest Discount As of 6/5/2025

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How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the 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.

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