ETF Evaluator:
Dan IVES Wedbush AI Power & Infras ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Industrials Over the Last Year
| 115.3% | Leverage Shares 2X Long UNH Daily ETF (UNHG) |
| 63.0% | Stt Strt® SPDR® S&PKenshoFnlFrntrsETF (ROKT) |
| 58.9% | SonicShares™ Global Shipping ETF (BOAT) |
| 45.9% | Aztlan NA Nearshoring Stk Sel ETF (NRSH) |
| 39.7% | US Global Sea to Sky Cargo ETF (SEA) |
Risk
Index
Risk
Index
ETF Details
Dan IVES Wedbush AI Power & Infras ETF Overview
Dan IVES Wedbush AI Power & Infras ETF (IVEP) is a passively managed Sector Equity Industrials exchange-traded fund (ETF). Wedbush Funds launched the ETF in 2026.
The investment seeks to track the total return performance, before fees and expenses, of the Solactive Wedbush AI Power & Infrastructure Index (the “Index”).
The index is comprised exclusively of equity securities (or corresponding American Depositary Receipts (“ADRs”)) of companies included in the Dan Ives AI Power & Infrastructure 30 Research Report (the “AI Power Report”). Under normal circumstances, the fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the securities of AI Power Companies. It is non-diversified.
About Dan IVES Wedbush AI Power & Infras ETF (IVEP)
There are 1 members of the management team with an average tenure of 0.32 years: Cullen Rogers (2026). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Solactive Wedbush AI Power & Infra USD index with a weighting of 100%. Dan IVES Wedbush AI Power & Infras ETF has 31 securities in its portfolio. The top 10 holdings constitute 41.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Dan IVES Wedbush AI Power & Infras ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Dan IVES Wedbush AI Power & Infras ETF has 17.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.1% There is 17.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Dan IVES Wedbush AI Power & Infras ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $19 million in total assets, which is below the $1 billion average for the Industrials category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
IVEP Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Dan IVES Wedbush AI Power & Infras ETF expense ratio is above average compared to funds in the Industrials category. Dan IVES Wedbush AI Power & Infras ETF has an expense ratio of 0.75%, which is 47% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Dan IVES Wedbush AI Power & Infras ETF has a portfolio turnover rate of 1%, which indicates that it holds its assets around / 1.0 years. By way of comparison, the average portfolio turnover is 40% for the Industrials category.
Recently, in the month of July 2026, Dan IVES Wedbush AI Power & Infras ETF returned -7.7%, which earned it a grade of D, as the Industrials category had an average return of -4.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Dan IVES Wedbush AI Power & Infras ETF has a trailing yield of 0.00%, which is below the 1.11% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
For more ETF grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Dan IVES Wedbush AI Power & Infras ETF, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
IVEP Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| IVEP Return (NAV) | -7.7% | -10.0% | na | na | na | na |
| IVEP Return (Price) | -7.8% | -10.1% | na | na | na | na |
| NAV +/- Price Return | 0.152% | 0.047% | na | na | na | na |
| Industrials Avg | -4.0% | -1.4% | 24.7% | 17.8% | 11.5% | 13.6% |
| IVEP Grade (NAV) | D | F | na | na | na | na |
| +/- Category (NAV) | -3.7% | -8.6% | na | na | na | na |
| IVEP Tax-Cost Ratio | na | na | na | na | na | na |
IVEP Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IVEP Return (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| IVEP Return (Price) | na | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | na | na | na | na | na | na | na | na | na | na | na |
| Industrials Avg | 12.6% | 27.1% | 14.2% | 21.4% | -12.8% | 20.7% | 15.4% | 30.3% | -13.4% | 22.8% | 22.1% |
| IVEP Grade (NAV) | na | na | na | na | na | na | na | na | na | na | na |
| +/- Category | na | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 19 Mil |
| Share Class Assets: | $ 19 Mil |
| Turnover: | 1.0% |
| Expense Ratio: | 0.75% |
| Index Fund: | Yes |
| Index Tracked: | Solactive Wedbush AI Power & Infra USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 0.3 years | |||
| Average Tenure: 0.3 years | |||
| Managers (Year): Rogers Cullen (2026) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 41.9% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 17.7% |
Portfolio Allocation |
|
| Domestic Stock: | 82.1% |
| Foreign Stock: | 17.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Wedbush Funds |
| Phone Number: | 866-597-9452 |
| Website: | |
| Inception Date: | April 7, 2026 |
Expenses and Fees
| Expense Ratio (%): | 0.75% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.51% |
