Wedbush Series Trust’s 497K prospectus summary sets out the TGLR ETF’s goal of income and long-term Capital appreciation. Investors can buy and sell Shares through broker-dealers at market prices, while large Creation Units transact at NAV. The summary also describes premiums, discounts, bid-ask spreads, Portfolio Management and tax treatment.

Key Highlights

  • Wedbush Fund Advisers, LLC serves as Investment adviser, while Laffer Tengler Investments, Inc. is sub-adviser.
  • Fund distributions may be treated as ordinary income, Qualified Dividend income, capital gains or a combination.
  • TGLR trades on NYSE Arca, where Shares are bought and sold through broker-dealers at market prices.
  • Wedbush Fund Advisers, LLC manages the fund, with Laffer Tengler Investments, Inc. serving as sub-adviser.

The ETF trades under TGLR on NYSE Arca, where individual Shares are bought and sold through broker-dealers at market prices.

TGLR ETF Structure and Management

Wedbush Fund Advisers, LLC manages the fund as investment adviser, and Laffer Tengler Investments, Inc. serves as sub-adviser. Cullen Rogers is the adviser’s portfolio manager. Nancy Tengler, the sub-adviser’s chief executive and chief investment officer, also manages the portfolio, while Arthur B. Laffer, Jr. the sub-adviser’s president, serves as a portfolio manager. Individual Shares trade at market prices and may be priced above or below NAV.

Trading Costs and Tax Treatment

Investors may face a bid-ask spread when trading Shares in the secondary market. The fund’s website provides information on NAV, market prices, premiums, discounts and bid-ask spreads. Investments held through an IRA or another tax-advantaged account may receive different tax timing. Wedbush Series Trust and related companies may compensate intermediaries for activities including marketing, educational Training and participation in exchange-traded-product programs.