The Wedbush LAFFER | TENGLER New Era Value ETF (NYSE Arca: TGLR) has completed three full years of operations. The Fund commenced trading on August 7, 2023, and reaches this milestone with a track record built through a period that rewarded a narrow set of mega-cap growth names before swinging sharply toward value in 2026, testing the discipline of every value-oriented manager along the way.
An approach built on cash flow, not labels
TGLR is an actively managed portfolio of high-quality, large-capitalization U.S. companies trading at attractive valuations. Sub-adviser Laffer Tengler Investments (“LTI”), led by Portfolio Manager Nancy Tengler, screens for businesses with durable and expanding free cash flow, improving operating performance and disciplined capital allocation, using a Relative Dividend Yield (“RDY”) and Relative Price-to-Sales (“RPSR”) framework to identify companies whose earnings power the market has not yet fully reflected. The RDY and RPSR indicators, both pioneered by the LTI team, are used to identify discrete periods of over-and-under-valuation, security by security, and are supported by LTI’s rigorous and proprietary 12 Fundamental Factor research approach. Further information on this and about TGLR, can be found in the Fund’s prospectus.
A new home, the same strategy
In April 2026, the Fund reorganized from the LAFFER | TENGLER Equity Income ETF, a series of ETF Opportunities Trust (the “Predecessor Fund”), into the Wedbush Series Trust, as the Wedbush LAFFER | TENGLER New Era Value ETF. The Fund is a continuation of the Predecessor Fund and has adopted its performance history. Wedbush Fund Advisers, LLC serves as adviser; Laffer Tengler Investments, Inc. continues as sub-adviser, preserving continuity of the investment process.
Three years is a meaningful marker for an active strategy: long enough to observe the process across more than one market cycle, short enough that the work is only beginning. TGLR enters year four with the same mandate it started with: income and long-term capital appreciation, one cash-flow-generating business at a time.
IMPORTANT INFORMATION
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 TGLR ETF please visit at WedbushFunds.com. Read the prospectus or summary prospectus carefully before investing.
The Fund was reorganized on April 13, 2026 from the LAFFER|TENGLER Equity Income ETF (the “Predecessor Fund”), a series of ETF Opportunities Trust, a Delaware statutory trust, into the Fund, a series of Wedbush Series Trust (the “Trust”), a Delaware statutory trust.
The Fund is a continuation of the Predecessor Fund and, therefore adopts the performance information of the Predecessor Fund, which was managed by Tuttle Capital Management, LLC. The Predecessor Fund commenced operations on August 7, 2023.
Market Risk. The trading prices of securities and other instruments fluctuate in response to a variety of factors. These factors include events impacting the entire market or specific market segments, such as political, market and economic developments, as well as events that impact specific issuers. The Fund’s NAV and market price, like security and commodity prices generally, may fluctuate significantly in response to these and other factors. As a result, an investor could lose money over short or long periods of time. U.S. and international markets have experienced significant periods of volatility in recent years due to a number of these factors, including the impact of the COVID-19 pandemic and related public health issues, growth concerns in the U.S. and overseas, uncertainties regarding interest rates and trade tensions. In addition, local, regional or global events such as war, acts of terrorism, recessions, rising inflation, or other events could have a significant negative impact on the Fund and its investments. These developments as well as other events could result in further market volatility and negatively affect financial asset prices, the liquidity of certain securities and the normal operations of securities exchanges and other markets.
Active Management Risk. As an actively managed investment portfolio, the Fund is subject to decisions made by the Adviser’s or Sub-Adviser’s portfolio managers. The Adviser’s or Sub-Adviser’s investment decisions about individual securities impact the Fund’s ability to achieve its investment objective. The Adviser’s or Sub-Adviser’s judgments about the attractiveness and potential returns for specific investments in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s or Sub-Adviser’s investment strategy will produce the desired results.
Value Stock Investment Risk. Value stocks may have experienced adverse business, industry or other developments or may be subject to special risks that have caused the securities to be out of favor and, in turn, potentially undervalued. The market value of a value stock may not meet portfolio management’s perceived value assessment of that stock, or may decline in price, even though portfolio management believes the securities are already undervalued. There is also a risk that it may take longer than expected for the value of these investments to rise to portfolio management’s perceived value. In addition, value stocks, at times, may not perform as well as growth stocks or the stock market in general, and may be out of favor with investors for varying periods of time.
High Dividend Style Risk. While the Fund may hold securities of companies that have historically paid a high dividend yield or the Sub-Adviser determines appears likely to pay a high dividend in the future, those companies may reduce or discontinue their dividends, thus reducing the yield of the Fund. Low priced securities in the Fund may be more susceptible to these risks. Past dividend payments are not a guarantee of future dividend payments. Also, the market return of high dividend yield securities, in certain market conditions, may be worse than the market return of other investment strategies or the overall stock market.
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.
