IVES vs. FEPI ETF Comparison

Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to REX FANG & Innovation Equity Premium Income ETF (FEPI)

IVES

Wedbush ETFMG Global Cloud Technology ETF

IVES 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.”

Grade (RS Rating)

Last Trade

$49.21

Average Daily Volume

1,131

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FEPI

REX FANG & Innovation Equity Premium Income ETF

FEPI Description

FEPI employs a covered call strategy, aiming for a balance between generating income and participating in potential gains within the technology sector. Specifically, the fund holds the stocks of its benchmark, the Solactive FANG Innovation Index, and writes slightly out-of-the-money call options on them. This approach capitalizes on the volatility of big-tech firms that is reflected in the option premiums, while limiting some of the potential stock gains. It also provides a small buffer against declines in stock prices. Note that the buffer is limited to the options premiums and may not fully offset underlying security losses. The benchmark is an equal-weighted index comprised of 15 US technology companies, eight of which are core holdings: Apple, Alphabet, Amazon, Meta, Microsoft, Netflix, Nvidia, and Tesla. The remaining seven are selected based on quarterly trading volumes from various Factset technology-related industries.

Grade (RS Rating)

Last Trade

$51.35

Average Daily Volume

124,898

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVES	FEPI
30 Days	7.17%	1.73%
60 Days	5.41%	6.53%
90 Days	7.27%	6.55%
12 Months	43.26%	21.82%

10 Overlapping Holdings

Symbol	Grade	Weight in IVES	Weight in FEPI	Overlap
AAPL	C	2.12%	6.21%	2.12%
AMD	F	1.8%	5.99%	1.8%
AMZN	B	2.4%	7.12%	2.4%
AVGO	C	2.14%	6.47%	2.14%
GOOGL	B	2.33%	6.97%	2.33%
INTC	C	2.29%	6.97%	2.29%
MSFT	D	2.18%	6.39%	2.18%
MU	D	2.18%	6.63%	2.18%
NVDA	B	2.55%	6.85%	2.55%
QCOM	F	2.08%	6.13%	2.08%

IVES Overweight 26 Positions Relative to FEPI

Symbol	Grade	Weight
TEAM	A	3.08%
CFLT	C	2.89%
MRVL	B	2.71%
GTLB	B	2.56%
APPN	B	2.53%
VRT	A	2.52%
DELL	C	2.43%
CDNS	B	2.38%
SNPS	C	2.38%
ORCL	A	2.38%
MDB	C	2.36%
SNOW	C	2.35%
CIEN	B	2.28%
HPE	B	2.26%
HPQ	B	2.21%
DDOG	B	2.16%
HCP	B	2.15%
ANET	C	2.14%
JNPR	D	2.13%
NTAP	D	2.1%
WDC	F	2.07%
IBM	D	2.0%
DOCN	D	1.92%
BABA	D	1.7%
MPWR	F	1.48%
SMCI	F	1.13%

IVES Underweight 5 Positions Relative to FEPI

Symbol	Grade	Weight
TSLA	B	-10.32%
CRM	A	-7.59%
NFLX	A	-6.86%
META	C	-6.59%
ADBE	F	-6.33%