Dan IVES Wedbush AI Power & Infrastructure ETF

C000272156 Fund Overview

Dan IVES Wedbush AI Power & Infrastructure ETF is a US ETF managed by Wedbush Series Trust, categorised as United States Large Cap Growth Thematic Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Wedbush Series Trust
• Category: United States Large Cap Growth Thematic Equity
• Assets under management: $19.11M
• SEC CIK: 0002055464
• SEC series ID: S000101841
• Share class ID: C000272156

C000272156 Investment Objective and Strategy

Dan IVES Wedbush AI Power & Infrastructure ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Wedbush Series Trust.

Investment objective

The Dan IVES Wedbush AI Power & Infrastructure ETF (the Fund) seeks to track the total return performance, before fees and expenses, of the Solactive Wedbush AI Power & Infrastructure Index (the Index).

Principal investment strategy

The Fund is an exchange-traded fund (ETF) that employs a passive management (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the Index. The Fund does not seek to outperform the Index and will not take temporary defensive positions in declining or volatile markets. 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). The AI Power Report is compiled by Dan Ives, Global Head of Technology Research, and Seth Basham, Managing Director and Director of Research, at Wedbush Securities Inc. (Wedbush). The AI Power Report is a publicly available research report, comprised of companies that have been identified as contributing to the infrastructure supporting artificial intelligence (AI) through the development, production or operation of power generation and fuel supply technologies (i.e., nuclear baseload, natural gas generation and fuel transmission), grid infrastructure and data centers (being able to locate and operate data centers where there is reliable access to power), equipment and power management (managing power, cooling and equipment to run AI data centers) and materials and enabling technologies (materials and technologies that facilitate the operation of AI data centers and the supply of power to those centers).

The AI Power Report is released on a semi-annual basis, but may be released more frequently in the event there are material developments in any of the sectors from which companies included in the AI Power Report are identified. AI or Artificial Intelligence refers to the development and application of systems and software programs that simulate and enhance human cognitive functions, enabling machines to perform tasks traditionally requiring human intelligence. These tasks include decision-making, visual perception, speech recognition, language translation, and adaptive learning from data. The Index is constructed and maintained by Solactive AG (Solactive or the Index Provider). The Index was created by Wedbush Fund Advisers, LLC (the Adviser) together with the Index Provider, and is licensed for use by the Fund.

The Index Provider is not affiliated with the Fund or the Adviser. The Index is constructed using the Index Providers proprietary natural language processing algorithm (ARTIS) that begins with an initial universe of companies that: (1) are included in the AI Power Report; (2) are included in the Solactive GBS Global Markets All Cap USD Index, an index designed to track the performance of companies of all capitalizations from developed and emerging market countries; and (3) have a minimum market capitalization of $250 million and a minimum average daily traded value for the last 3 months greater than or equal to $1.5 million. From the eligible universe, the Index Provider applies a proprietary natural language processing algorithm process that seeks to identify companies that generate at least 50% of their revenues from one or more of the following AI power and infrastructure categories set forth below (each such category is referred to as an AI Power Business).

Each company that generates at least 50% of its revenues from one or more AI Power Businesses is referred to as an AI Power Company: ? Grid Infrastructure & Data Centers: Encompasses the physical grid assets and facilities that transport and deliver power to AI data centers, and the hosts of AI data centers. Includes transmission infrastructure, substations, engineering contractors, and data center REITs providing land, power, interconnection and colocation. ? Materials & Enabling Technologies: Upstream suppliers of essential inputs and specialized technologies without which AI power infrastructure cannot be built. Includes copper, uranium, optical components required to synchronize large AI training clusters, small modular reactor technology and other nuclear technology, nuclear components, and other foundational enabling materials.

? Power Generation & Fuel Supply: Covers the energy sources that supply the massive, always-on electricity load required for AI data centers. Includes nuclear baseload, natural gas generation and fuel pipelines, plus on-site alternative generation (e.g., fuel cells) and renewable sources (solar, wind, hydro, nuclear, hydrogen), including those developing next-generation clean energy technologies. ? Equipment & Power Management: Represents the mission-critical hardware inside and around data centers that converts power from alternating current to direct current, cools AI facilities, and distributes and manages power at high densities. Includes liquid cooling systems, transformers, switchgear, uninterruptible power supply systems, high-amperage distribution, power electronics, and chip-level power delivery.

The Index Provider has developed its own proprietary software tool designed to identify thematic exposure in corporations using various data sources. ARTIS works as a multidimensional classification tool that is designed to generate a deeper understanding of the products and services a company offers compared to a traditional one-dimensional sector classification system. There are two main drivers of a companys ARTIS Score: the frequency with which a company is referenced in relation to the respective set of keywords (Term Frequency) as well as the keywords relative importance (Inverse Document Frequency). In general, the more words in common with the keywords a company has, the higher its ARTIS Score will be. However, the impact a single keyword can have on the final score is limited, i.e., each keyword has a diminishing marginal score.

The repetition of a single keyword is less important than matches of several different keywords. While the repetition of a keyword in a document will generally lead to a higher Term Frequency, the Inverse Document Frequency gives less weight to words that are common within the Search Corpus as a whole. Generally, the algorithm is deterministic, i.e., the same input will always lead to the same output. As such, there is no unexpected behavior in the results. Examples of keywords related to AI power and infrastructure that may be used by ARTIS include: Generative Adversarial Networks (GANs), Large Language Models (LLMs), Natural Language Processing (NLP), Neural Networks, Reinforcement Learning, High-Performance Computing (HPC), AI Chips, Graphics Processing Units (GPUs), AI Data Centers, Low-Latency Networking, and AI Integration.

Other key terms may be used, in addition to those listed, and not all of the listed terms are necessarily used at the time of each reconstitution or rebalance. The Index Provider uses sources such as company filings, financial news, business descriptions, press releases, and earnings call transcripts and is constantly analyzing new sources to add. This list can therefore change in the future. In order to be included in the Index, a company must be identified as having exposure to an AI Power Business based on the ranking it receives from ARTIS, as determined by the Index Provider. The Index is weighted using a proprietary mathematical formula based on the float-adjusted market capitalization of the constituents. Float-adjusted market capitalization is a measure of a companys value based on the companys shares available for public trading.

The following further adjustments are applied to the weights of the index constituents: ? Constituents with weights exceeding 4% are capped at 4%. ? Constituents with weights below 1% are adjusted upward to a minimum weight of 1% Once these adjustments are applied, the weights of all index components, including those set to 4% and 1%, are scaled pro rata to ensure the total weight across all constituents equals 100%. The Index is reconstituted and rebalanced following the addition or deletion of AI Power Companies to or from the AI Power Report. The Index is also rebalanced on the third Friday of March, June, September and December (effective the following business day), even if no changes have been made to the AI Power Report since the date of the last rebalance. Additionally, the Index may be adjusted between regular rebalancings in the event a corporate action occurs involving one or more of the Index constituents.

During quarterly rebalancing, if the aggregate weight of companies with weights greater than 4.8% exceeds 50% of the total index weight, these companies are proportionally capped as a group so that their combined weight does not exceed 45%. The weights of these companies are reduced proportionally based on their original weights within the group. After applying the cap, any excess weight from the group is redistributed proportionally to companies outside the group, specifically those with initial weights below 4.8%. These redistributed weights are subject to a maximum individual weight of 4.5%. Companies are included in the Index without regard to geographic location, and certain companies included in the Index may be located in emerging markets. As of the date of this Prospectus, the Index consisted of 30 issuers from the following countries or regions: United States; Canada; Europe.

The Index includes large-, mid- and small-capitalization companies and may change over time. 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. The Fund may invest up to 20% of its assets in investments that are not included in the Index, but that the Adviser believes will help the Fund track the performance of the Index. To the extent the Index concentrates (i.e., holds more than 25% of its total assets) in any industry or group of related industries, the Fund will concentrate its investments to approximately the same extent as the Index. As of the date of this Prospectus, a significant portion of the Index is represented by securities of companies in the industrials sector and electrical equipment industry.

The components of the Index are likely to change over time. The Fund will generally use a replication strategy to achieve its investment objective, meaning the Fund will generally invest in all of the component securities of the Index (or in investments that have economic characteristics that are substantially identical to the component securities the Index) in the same approximate proportions as in the Index. However, the Fund may use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics closely resemble the risk, return, and other characteristics of the Index as a whole, when the Adviser believes it is in the best interests of the Fund (e.g., when replicating the Index involves practical difficulties or substantial costs, an Index constituent becomes temporarily illiquid, unavailable, or less liquid, or as a result of legal restrictions or limitations that apply to the Fund but not to the Index).

The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund. The Fund may engage in securities lending.

C000272156 Holdings

Top 10 holdings of Dan IVES Wedbush AI Power & Infrastructure ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000272156 holdings

C000272156 Portfolio Allocation

Asset-class allocation of Dan IVES Wedbush AI Power & Infrastructure ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000272156 Performance

Total returns for C000272156 (as of 2026-10-01), from SEC filings.

C000272156 Costs and Fees

C000272156 costs about $75 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.75%
• Gross expense ratio: 0.75%
• Portfolio turnover: 1%

C000272156 Cashflows

Over the 12 months to 2026-04, Dan IVES Wedbush AI Power & Infrastructure ETF had net inflows of $8.14M, from monthly SEC N-PORT filings.

C000272156 Debt Constituents

No individual debt constituents are reported in Dan IVES Wedbush AI Power & Infrastructure ETF's latest SEC N-PORT filing.

C000272156 Prospectus and SEC Filings

Official Dan IVES Wedbush AI Power & Infrastructure ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-04-01
• Prospectus supplement (497) — filed 2026-09-02
• Prospectus supplement (497) — filed 2026-04-06
• Portfolio holdings (N-PORT) — filed 2026-09-23
• Portfolio holdings (N-PORT) — filed 2026-06-23

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Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.