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

IVES Offers Targeted Exposure to Core Drivers of Artificial Intelligence

Los Angeles, CA – June 4, 2025Wedbush Fund Advisers has launched the Dan IVES Wedbush AI Revolution ETF (Ticker: IVES). The ETF will provide investors with transparent, cost-effective access to 30 names at the heart of the AI Revolution.

Built around the proprietary research framework of Dan Ives, Wedbush Securities Managing Director and Global Head of Technology Research, the ETF targets companies driving AI’s infrastructure and deployment across semiconductors, hyperscalers, cybersecurity, consumer platforms, robotics, and cloud infrastructure. These companies form the backbone of a multi trillion-dollar investment cycle transforming global industries and accelerating enterprise and consumer adoption.

Key Features of IVES ETF:

  • Research-Driven Selection: Constituents are drawn directly from Dan Ives’ proprietary research behind “The AI Revolution Theme,” a multi-year analysis identifying 30 public companies at the core of the AI spending cycle;
  • Cross-Sector Exposure: Covers the full spectrum of industries powering the AI economy — from infrastructure to implementation;
  • Balanced Construction: Strategically weighted to reduce concentration risk while maintaining high-conviction thematic exposure;
  • Future-Focused Positioning: Targets companies with both established momentum and long-term potential to lead in enterprise and consumer AI adoption.

“We’re incredibly excited to bring Dan Ives’ research on the AI Revolution to life through this ETF,” said Cullen Rogers, Chief Investment Officer of Wedbush Fund Advisers. “It’s a response to what investors have been asking for—direct, meaningful exposure to the companies powering the next major economic transformation: artificial intelligence.”

Wedbush entered the rapidly growing ETF market earlier this year through its new Investment Management division, marking the firm’s commitment to cutting-edge investment solutions and highly curated product development for our Global Family Office, Wealth Management and RIA clients.

“AI is the most transformational force in the global economy in our lifetime,” said Gary Wedbush, President and Chief Executive Officer of Wedbush Securities. “Dan’s track record speaks for itself. He’s been identifying the drivers of tech disruption for years, and the IVES ETF gives investors a chance to follow that insight in a disciplined, transparent way. We are proud to offer investors exposure to the AI Revolution through the IVES ETF.”

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About Wedbush Fund Advisers, LLC

Wedbush Fund Advisers launched in 2024 to build on Wedbush’s 70-year legacy of market insight, innovation, and client trust. Our mission is to design forward-thinking investment strategies that reflect the evolving nature of markets and investor priorities. Backed by a seasoned team with decades of asset management experience, we’re committed to building a trusted platform that expands Wedbush’s tradition of excellence into the next era of investment innovation.

Media Inquiries
Deborah Kostroun
Phone: +1 201 403-8185
Email: [email protected]

Important Information

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds’ prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.wedbushfunds.com. Read the prospectus carefully before investing. 

Latest Discount As of 7/29/2025

NAV $28.17
Market Price $28.19
Premium (Discount) $0.02
Premium Discount % 0.07%

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 7/29/2025

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 7/29/2025

NAV $28.17
Market Price $28.19
Premium (Discount) $0.02
Premium Discount % 0.07%

Current View 2025 Q2 As of 7/29/2025

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

Latest Discount As of 7/29/2025

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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