IVES was created on 2025-06-04 by Wedbush. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 1093.14m in AUM and 31 holdings. IVES tracks an index of AI-focused companies selected using proprietary NLP analysis and weighted by float-adjusted market cap, with caps to manage concentration. The fund aims to replicate the performance of leading AI innovators globally.