IVES vs. FCLD ETF Comparison

Comparison of Wedbush ETFMG Global Cloud Technology ETF (IVES) to Fidelity Cloud Computing ETF (FCLD)

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

$45.01

Average Daily Volume

8,350

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FCLD

Fidelity Cloud Computing ETF

FCLD Description

The fund seeks to provide investment returns that correspond, before fees and expenses, generally to the performance of the Fidelity Cloud Computing Index. Normally investing at least 80% of assets in securities included in the Fidelity Cloud Computing Index and in depositary receipts representing securities included in the index. The Fidelity Cloud Computing Index is designed to reflect the performance of a global universe of companies across the market capitalization spectrum that provide products or services enabling the increased adoption of cloud computing, characterized by the delivery of computing services over the internet

Grade (RS Rating)

Last Trade

$23.89

Average Daily Volume

28,036

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	IVES	FCLD
30 Days	-4.53%	-5.76%
60 Days	0.55%	-2.03%
90 Days	8.96%	1.98%
12 Months	45.45%	45.47%

20 Overlapping Holdings

Symbol	Grade	Weight in IVES	Weight in FCLD	Overlap
BOX	D	0.72%	1.43%	0.72%
CFLT	C	1.71%	1.38%	1.38%
CVLT	B	0.8%	1.42%	0.8%
DBX	C	1.51%	1.56%	1.51%
DDOG	B	2.91%	2.77%	2.77%
DOCN	C	0.58%	0.94%	0.58%
ESTC	B	3.4%	1.41%	1.41%
FROG	C	0.76%	1.13%	0.76%
FSLY	D	0.32%	0.92%	0.32%
GTLB	C	1.61%	1.17%	1.17%
INFA	D	1.98%	1.04%	1.04%
MDB	C	2.35%	2.06%	2.06%
MSTR	D	3.7%	2.39%	2.39%
NTAP	A	3.47%	2.59%	2.59%
NTNX	C	2.9%	2.06%	2.06%
PSTG	A	3.05%	2.08%	2.08%
RNG	D	0.54%	1.1%	0.54%
SMCI	C	3.4%	2.51%	2.51%
SWI	C	0.34%	0.69%	0.34%
TDC	D	0.68%	1.33%	0.68%

IVES Overweight 26 Positions Relative to FCLD

Symbol	Grade	Weight
OTEX	D	4.28%
NET	C	2.78%
IOT	B	2.7%
OKTA	D	2.67%
GDS	D	1.6%
APPF	B	1.47%
SMAR	D	0.95%
HCP	A	0.89%
KD	D	0.87%
KC	D	0.83%
BLKB	B	0.8%
NCNO	F	0.65%
APPN	C	0.51%
ZETA	A	0.49%
JAMF	A	0.44%
NABL	D	0.43%
INTA	D	0.43%
PDFS	D	0.36%
VNET	F	0.3%
EVBG	B	0.28%
GDYN	F	0.15%
RXT	D	0.07%
BLZE	C	0.07%
UIS	B	0.07%
DOMO	F	0.06%
EGHT	F	0.05%

IVES Underweight 25 Positions Relative to FCLD

Symbol	Grade	Weight
ORCL	C	-5.14%
MSFT	D	-4.94%
INTU	C	-4.63%
CRM	D	-4.48%
NOW	D	-4.45%
EQIX	F	-3.27%
WDAY	F	-2.99%
DLR	B	-2.94%
HUBS	B	-2.85%
SNOW	D	-2.72%
WDC	A	-2.65%
HPE	A	-2.64%
TEAM	F	-2.61%
STX	C	-2.07%
ZM	D	-1.96%
TWLO	C	-1.9%
DT	D	-1.86%
XRX	F	-1.83%
DAY	D	-1.66%
PATH	D	-1.5%
FIVN	D	-1.37%
PEGA	C	-1.11%
VRNT	B	-1.04%
VERX	B	-0.87%
AI	F	-0.75%