…And Why Does it Matter?
ReturnOnLeadership is an objective, ongoing measure of corporate leadership performance.
Leadership is not a transient theme; it is an enduring force that shapes how organizations respond to disruption, manage risk, and convert opportunity into results.
Leadership has endless definitions and historically, has been hard to quantify and measure. Yet, leaders make or break organizational success, and not having insight into this critical function of an organization leaves investors and other key stakeholders flying blind in this regard. Companies with strong leadership tend to navigate uncertainty more effectively, allocate capital more efficiently, and execute more consistently through market cycles.
The topic of leadership has been written and spoken about in an endless multitude of ways over the ages in every culture, civilization, geography, community and organization. We have all learned about and experienced many different facets of this timeless and highly influential function, both good and bad.
The impacts of leadership vision, decisions and actions are broad and cause ripple effects that impact stakeholders and communities in every possible way. Yet, there has always been a gap between leadership theory and leadership action. Between vision and follow through.
ReturnOnLeadership® was forged through decades of working with thousands of leaders and managers across many industries. Our focus has always been on transforming the theory of leadership into concrete, objective, measures.
What emerged are four concrete pillars of collective leadership that lead to the best outcomes. These cornerstones for effective, collective action in organizations became the four fundamentals of ReturnOnLeadership® (ROL®): Connection to Purpose, Strategic Clarity, Leadership Alignment, and Focused Action.
An important distinction of ROL® is that we are not looking to identify and measure every possible aspect of collective leadership, but rather to focus on the most vital aspects that together create a holistic picture of leadership must haves to perform well as an organization.
The creation and validation of our framework led to a journey over the past years to define a set of metrics within the four fundamentals, and to capture and quantify the most influential signals. In this manner, we identify the best of the best public companies based on their ROL®.
Today, Indiggo provides investors with reliable corporate leadership rankings to bring the leadership lens into critical investment decisions. The ROL® framework has a proven track record demonstrating that companies with high ReturnOnLeadership® scores achieve superior results.
The ReturnOnLeadership® metrics are:
• Vital for leadership value creation
• Objective and comprehensive
• Widely applicable - Industry and size agnostic.
In order to generate ongoing rankings for any grouping of public companies, we leverage a proprietary methodology and AI-driven technology platform with humans in the loop.
The four fundamentals that make up ROL® each have a number of factors identified, measured and then weighted. This results in a composite score by fundamental and an overall ROL® score and for each company. All raw data is drawn from publicly available sources. ROL® rankings represent a distinct and independent measure of corporate leadership value creation.
Another important distinction of ROL® is that the methodology does not focus on, or even consider who the individual leaders are, but rather, focuses on the collective display of strong leadership.
Our proprietary AI leverages both structured and unstructured data and strategically focused large language models within our framework to provide an integrated assessment of corporate leadership performance. ReturnOnLeadership® brings a new level of transparency and structure to the concept of leadership, transforming it into a measurable factor that can inform investment strategies. Investors finally have a way to invest in the eternal factor of leadership, which is more critical than ever in today’s world.
Important Information
This content was produced by Indiggo, LLC.
©2026 Indiggo, LLC All trademarks are property of their respective owners.
The information contained in this report is for informational purposes only. It is not intended to provide investment advice or recommendations of any financial instruments, securities, or investment strategies. Indiggo works to the best of its ability to ensure the accuracy of the calculations and does not offer any assurance as to their accuracy.
The views expressed are those of the authors and are subject to change. Investing involves risk, including loss of principal. Past performance is not indicative of future results. References to specific securities do not constitute a recommendation.
© Indiggo LLC 2026- www.indiggo.ai
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") composite score.
AI Risk. The Index uses large language models 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, inaccurate 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 developing 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.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund please visit the Documents section on this page or go to www.wedbushfunds.com/fund-literature. Read the prospectus or summary 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.