IVESWedbush ETFMG Global Cloud Technology ETF
IVES Fund Description
IVES tracks an index of global equities related to cloud technology companies selected based on revenue.
IVES Factset Analytics Insight
IVES is passively managed and invests in companies that derive at least 50% of its revenue from Cloud Technology Companies. These companies include: i) providers of infrastructure, equipment, connectivity, data back-up, storage services, data center management and ii) providers of cloud-based software platforms that enable firms to become cloud-based or cloud-enabling Software-as-a-Service technologies. The fund excludes firms whose primary business is software distribution via cloud. The index uses its own weighting methodology to weight its securities based on market cap, 3-month average daily trading value, with individual securities capped at 4.5%, and country exposure capped at 50%. The index is reconstituted and rebalanced quarterly. The fund was restructured on April 7, 2020. Prior to that date, the fund name was ETFMG Drone Economy Strategy ETF, trading under the ticker IFLY and tracked the Reality Shares Drone Index.
IVES MSCI ESG Analytics Insight
Wedbush ETFMG Global Cloud Technology ETF has an MSCI ESG Fund Rating of AA based on a score of 8.14 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Wedbush ETFMG Global Cloud Technology ETF ranks in the 87th percentile within its peer group and in the 94th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
IVES Summary Data
IVES Portfolio Data
IVES Index Data
IVES Portfolio Management
IVES Tax Exposures
IVES Fund Structure
IVES Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of IVES. IVES is rated a 1 out of 5.
IVES Economic Development
IVES Performance Statistics
IVES MSCI ESG Ratings
IVES Benchmark Comparison Summary
IVES Benchmark Comparison Market Cap Size