What this ETF is trying to do

The Dan Ives Wedbush AI Revolution ETF (IVES) focuses on companies involved in the artificial intelligence (AI) space. It holds a variety of stocks, with a partial list of top holdings including Elastic NV (4.43%), GDS Holdings Ltd (4.08%), and MicroStrategy Inc (4.07%). As of October 7, 2026, the fund holds a total of 46 different assets.

What the numbers show

As of October 6, 2026, the current price of one share is $42.39.

When looking at performance, there are two different ways to measure returns:

• Price Return: This measures only the change in the share price. The year-to-date (YTD) price return is 34.10%, and the one-year price return is 26.69%.

• Total Return: This reflects the overall return, including distributions. The YTD total return is 34.10%, and the one-year total return is 27.20%.

To put this in perspective, the estimated price from roughly one year ago was $33.46. If an investor had put $10,000 into the fund based on that estimated price, the value of those shares alone (not including distributions) would be worth approximately $12,669 today.

Income and distribution explanation

This ETF provides cash distributions to investors, but they are irregular and less frequent. In the last 12 months, there was only one payout. The distribution yield is 0.31%.

It is important for beginners to remember that a distribution yield is not the same as a total return. While distributions provide cash income, they do not guarantee that the original investment (the principal) will stay the same or grow.

NAV erosion explanation

"NAV erosion" happens when the net asset value of a fund declines over time, which can eat away at an investor's principal. StockValueFinder uses an erosion-risk score to measure this.

For this ETF, the erosion score is 100, and the erosion severity is labeled as "good." The data states that no price erosion was detected, and the severe erosion-risk flag is false.

Pros

• Strong recent price returns over the last year and year-to-date.

• No severe erosion-risk flags detected.

• Exposure to a diversified group of AI-related companies.

Cons

• Very low distribution yield for those seeking high income.

• Distributions are irregular and infrequent.

Beginner takeaway

The IVES ETF is designed for those interested in the AI revolution. While it has shown strong price growth recently, it is not a high-income fund. Investors should focus on the total return rather than the distribution yield alone to understand how the investment is performing.