Description: The Wedbush ETFMG Global Cloud Technology ETF (IVES) largely holds the “undercover gems” of cloud-based technology. The Fund’s investment objective seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of the Dan Ives Global Cloud Technology Prime Index. The Dan Ives Global Cloud Technology Prime Index (the “Index”) is an Index of Prime Indexes, a division of Level ETF Ventures LLC. The Index has been created to provide investors with a reference measure that enables them to track both event-driven news and long-term trends of cloud technology companies. The Index is designed to include the securities of companies across the globe engaged in providing infrastructure, equipment, connectivity, data back-up and storage services as well as data center management for enterprise-based software applications. Additionally, the constituents engaged in providing cloud-based software platforms that enable businesses to move data and software applications onto the cloud – cloud-enabling Software as a Service (SaaS) technologies. These companies are known collectively as “Cloud Technology Companies.”
Exchange: NYSE ARCA
Country: US
Currency: US Dollar ($)
Category: Technology
Asset Allocation | |||
---|---|---|---|
Asset Class | Long % | Short % | Net Assets |
Stock US | 50.54 | 0.00 | 50.54 |
Stock non-US | 48.21 | 0.00 | 48.21 |
Bond | 10.97 | 0.00 | 10.97 |
Cash | 16.91 | 26.64 | -9.73 |
Sector Weights | ||
---|---|---|
Sector | Equity % | Relative to Category |
Technology | 90.93 | 76.83 |
Real Estate | 5.58 | 0.35 |
Communication Services | 3.49 | 8.04 |
World Regions | ||
---|---|---|
Region | Equity % | Relative to Category |
North America | 55.92 | 90.79 |
Japan | 12.93 | 0.70 |
Asia Emerging | 12.16 | 1.10 |
Europe Developed | 5.37 | 3.57 |
Africa/Middle East | 4.27 | 0.61 |
Australasia | 3.37 | 0.06 |
United Kingdom | 3.11 | 0.33 |
Asia Developed | 2.86 | 2.58 |
Latin America | 0.00 | 0.27 |