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EXEQ

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A systematic U.S. large‑cap ETF that invests in companies for superior leadership execution, turning an intangible driver of long‑term performance into a measurable and investable factor.

EXEQ

Wedbush ReturnOnLeadership® U.S. Large-Cap ETF

Overview

Prices & Performance

Holdings & Characteristics

Fund Insights

The Wedbush ReturnOnLeadership® U.S. Large-Cap ETF 
seeks to capitalize on systematic investment in U.S. large‑cap companies demonstrating superior leadership execution, using an AI‑driven, rules‑based process that objectively measures how effectively management teams translate strategy and purpose into results across multiple organizational dimensions. The strategy seeks to capture persistent quality‑driven outperformance while complementing traditional financial and factor‑based equity allocations.

Key Information As of 2/12/2026

Key Information As of 12/11/2025

Inception Date 2/13/2026
Total Expense Ratio 0.75%
Net Assets $993,262.69
NAV $24.83
Fact Sheet Print

ETF Objective As of 2/12/2026

ETF Objective As of 12/11/2025

The Wedbush ReturnOnLeadership® U.S. Large-Cap ETF (the “Fund”) seeks to track the total return performance, before fees and expenses, of the Solactive Indiggo ReturnOnLeadership® US Large-Cap Index (the “Index”).

ETF Documents

Prospectus & Regulatory Information

Prospectus & Regulatory Information
Prospectus & Regulatory Information
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report
  • Summary Prospectus
  • Statutory Prospectus
  • Statement of Additional Information
  • Annual Report
  • Semi-Annual Report
  • Tailored Shareholder Report

Trading Details As of 2/12/2026

Trading Details As of 12/11/2025

Ticker EXEQ
Bloomberg Index Ticker SIROLU5N
CUSIP 947913208
ISIN US9479132089
Primary Exchange NYSE ARCA
Shares Outstanding 40,001.00
Number of Holdings 50
30-Day Median Bid-Ask Spread / %

Distributions As of 2/12/2026

Distributions As of 12/11/2025

30-Day SEC Yield i A standard calculation of yield introduced by the SEC in order to provide fairer comparison among funds. This yield reflects the interest earned after deducting the fund's expenses during the most recent 30-day period by the average investor in the fund. Negative 30-Day SEC Yield results when accrued expenses of the past 30 days exceed the income collected during the past 30 days. / %
Distribution Frequency Quarterly
Distribution History

ETF Prices As As of 2/12/2026

ETF Prices As 12/11/2025

NAV $25.55 Daily Change $0.37 1.45%
Market Price $25.99 Daily Change $0.44 1.69%
NAV $24.83 Daily Change $ — — %
Market Price $ — Daily Change $ — — %

Performance History

Premium Discount Chart
As of recent - -
Fund NAV Market Price Index
Year-to-Date---
1 Month---
3 Months---
Since Inception---
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Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 2/12/2026

Top Holdings As of 12/11/2025

Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of CSV file not found.

sector Weight (%)
industry Weight (%)
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
02/13/2026

Wedbush Launches Core ETF in Partnership with Indiggo Making Corporate Leadership Outcomes Investable

Read more
02/12/2026

IVES AI 30 Update

Read more
01/27/2026

Summary of the December 2025 AI Revolution Institutional Report

Read more
06/18/2025

AI: The Fourth Industrial Revolution is Here

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View More Related Research

The Solactive Indiggo ReturnOnLeadership® U.S. Large-Cap Index is comprised exclusively of equity securities of the 50 highest-ranked large-capitalization companies in the United States based on each company’s ReturnOnLeadership® (“ROL”) compositive score. 

 

AI Risk. The Index uses large language modes and generative AI to create the ROL composite scores upon which inclusion in the Index is based. AI models may rely on techniques such as natural language processing and machine learning which are less transparent or interpretable and may produce unexpected results, which could adversely impact the Fund. If the content, analyses or recommendations of the AI models used by the Index are or are alleged to be deficient, incaccurate or biased, the Fund may be adversely affected. Additionally, AI tools used by the Index Provider, Adviser, or Indiggo may produce inaccurate, misleading or incomplete responses that could lead to errors in decision-making, portfolio management or other business activities, which could have a negative impact on the performance of the Fund. There is no guarantee that the Index will reflect the exposures intended. The Index Provider relies on the integrity of the data being analyzed and its review processes could be adversely affected if erroneous or outdated data is utilized. 

 

Calculation Methodology Risk. The Index relies directly or indirectly on various sources of information to assess the criteria of issuers included in the Index, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer assurances that the Index’s calculation methodology or sources of information will provide an accurate assessment of included issuers or a correct valuation of securities, nor can they guarantee the availability or timeliness of the production of the Index. 

 

Concentration Risk. The Fund’s investments will be concentrated in an industry or group of industries to the extent that the Index is so concentrated. In such an event, the value of the Shares may rise and fall more than the value of shares of a fund that invests in securities of companies in a broader range of industries. 


ROL Model Risk. Proprietary models, such as the ROL model, that may be used to evaluate securities or securities markets are based on certain assumptions concerning the interplay of market factors and may not adequately take into account certain factors and may result in the Fund having a lower return than if the Fund were managed using another model or investment strategy. The markets or prices of individual securities may be affected by factors not foreseen in development the models. The equity securities of companies with favorable ROL attributes may underperform the stock market as a whole. As a result, the Fund may underperform other funds that do not screen companies based on ROL attributes.


Non-Diversification Risk. Although the Fund intends to invest in a variety of securities, the Fund is considered to be nondiversified, 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. As a result, the Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance.

 

Carefully consider the Fund’s investment objectives, risks, charges, and expenses before investing. This and other information can be found in the Fund’s statutory and summary prospectuses, which may be obtained at WedbushFunds.com. Read the prospectus carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Wedbush Funds are distributed by Foreside Fund Services, LLC. 

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Corporate Location

225 S. Lake Ave., Penthouse
Pasadena | CA | 91101
Distribution History
Ex-Date Record Date Payable Date Amount
2025
12/22/2025 12/22/2025 12/29/2025 $0.13095

Latest Discount As of 2/12/2026

Latest Discount As of 12/11/2025

NAV $24.83
Market Price $
Premium (Discount) $-24.83
Premium Discount % -100.00%

Current View 2026 Q1As of 1/31/2026

Days at Premium
Days at NAV
Days at Discount
Greatest Premium %
Greatest Discount %

Latest Discount As of 2/12/2026

Latest Discount As of 1/31/2026

Hover over the chart points for details

Information is not available.

i View chart Explanation The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

What does it mean when the Fund trades at a premium/discount to its NAV?
The primary explanation is that discrepancies can arise as a result of the timing of the calculation of Fund net asset value (NAV) and the trading price of the Fund on the open market. Open market prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund’s underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time differences?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of the Wedbush Funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade – from which the closing price is determined – may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to differ from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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Latest Discount As of 2/12/2026

Latest Discount As of 12/11/2025

NAV $30.31
Market Price $30.31
Premium (Discount) $-0.01
Premium Discount % -0.02%

Current View 2026 Q1As of 1/31/2026

Days at Premium 13
Days at NAV 4
Days at Discount 3
Greatest Premium 0.06%
Greatest Discount -0.06%

Latest Discount As of 2/12/2026

Latest Discount As of 1/31/2026

Hover over the chart points for details
i View chart Explanation The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

What does it mean when the Fund trades at a premium/discount to its NAV?
The primary explanation is that discrepancies can arise as a result of the timing of the calculation of Fund net asset value (NAV) and the trading price of the Fund on the open market. Open market prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund’s underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time differences?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of the Wedbush Funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade – from which the closing price is determined – may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to differ from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Latest Discount As of 2/12/2026

Latest Discount As of 12/11/2025

NAV $24.83
Market Price $0.00
Premium (Discount) $-24.83
Premium Discount % 0.00%

Current View 2025 Q4As of 12/31/2025

Days at Premium 13
Days at NAV 4
Days at Discount 3
Greatest Premium 0.06%
Greatest Discount -0.06%

Latest Discount As of 2/12/2026

Latest Discount As of 12/31/2025

Hover over the chart points for details
Folder not specified.
i View chart Explanation The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

What does it mean when the Fund trades at a premium/discount to its NAV?
The primary explanation is that discrepancies can arise as a result of the timing of the calculation of Fund net asset value (NAV) and the trading price of the Fund on the open market. Open market prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund’s underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time differences?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of the Wedbush Funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade – from which the closing price is determined – may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to differ from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Latest Discount As of 2/12/2026

NAV $24.83
Market Price $0.00
Premium (Discount) $-24.83
Premium Discount % 0.00%

Current View 2025 Q2 As of 2/12/2026

Days at Premium 137
Days at NAV 17
Days at Discount 13
Greatest Premium 1.52%
Greatest Discount -0.06%

Latest Discount As of 2/12/2026

Hover over the chart points for details
Folder not specified.
i View chart Explanation The Premium/Discount chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV). The vertical axis of the chart shows the premium or discount of the daily market price as a percentage of the NAV. The horizontal axis shows each trading day in the time period, and each data point in the chart represents the Premium/Discount on that day. The data presented in the chart and table above represent past performance and cannot be used to predict future results.

What does it mean when the Fund trades at a premium/discount to its NAV?
The primary explanation is that discrepancies can arise as a result of the timing of the calculation of Fund net asset value (NAV) and the trading price of the Fund on the open market. Open market prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund’s underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time differences?
Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.
Time of Last Trade. Trading of the Wedbush Funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade – from which the closing price is determined – may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to differ from the closing price.
International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

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