Prepare and Protect:

Let us help you navigate the cycles

ACTIVE RISK-MANAGED ETFS

 

WBI’s active investment process seeks to manage risk to capital, unleash the benefits of compounding, and grow capital efficiently through good and bad market cycles. Our Bull|Bear ETFs combine our time-tested, multi-factor security selection models with our advanced dynamic trailing stop process to protect capital.

TREND SWITCH ETFS

 

WBI has utilized domestic stock and fixed income trend models in our quantitative management process for nearly 30 years. The Trend Switch ETFs are designed to give investors simple solutions aiming to optimize outcomes in bull and bear market cycles.

POWER FACTOR ETFS

 

WBI’s multi-factor security selection models have been time-tested over three decades to develop the most powerful factor combinations to find the strongest dividend stocks to buy. Our Power Factor ETF unleashes the power of WBI’s sophisticated security selection to identify 50 stocks that have a deep value bias, quality fundamentals, and an attractive yield. Quarterly rebalancing provides a more active approach than you would find in similar offerings.

FEATURED PRODUCTS

WBIE

WBI Bull|Bear
Rising Income 3000 ETF

WBIY

WBI Power Factor® High Dividend ETF

WBIT

WBI Bull|Bear Trend Switch US 3000 Total Return

WBII

WBI Bull|Bear
Global Income ETF

ALL FUNDS

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$14.16
- $1.05
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBIYVZ92343V104VERIZON COMMUNICATIONS INC54,25952.9200002871386.288.11%35408500.002500000500.00
04/02/2020WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM23,959105.1400002519049.267.11%35408500.002500000500.00
04/02/2020WBIYT00206R102AT&T INC86,89928.0500002437516.956.88%35408500.002500000500.00
04/02/2020WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC36,85847.8600001764023.884.98%35408500.002500000500.00
04/02/2020WBIYGM37045V100GENERAL MTRS CO86,75019.2600001670805.004.72%35408500.002500000500.00
04/02/2020WBIYFL344849104FOOT LOCKER INC81,01120.1500001632371.654.61%35408500.002500000500.00
04/02/2020WBIYCMA200340107COMERICA INC44,18527.1700001200506.453.39%35408500.002500000500.00
04/02/2020WBIYIP460146103INTL PAPER CO34,30830.1500001034386.202.92%35408500.002500000500.00
04/02/2020WBIYHBI410345102HANESBRANDS INC136,8767.3900001011513.642.86%35408500.002500000500.00
04/02/2020WBIYNYCB649445103NEW YORK CMNTY BANCORP INC114,3988.650000989542.702.79%35408500.002500000500.00
04/02/2020WBIYHRB093671105BLOCK H & R INC75,93112.980000985584.382.78%35408500.002500000500.00
04/02/2020WBIYCADE12739A100CADENCE BANCORPORATION156,3925.940000928968.482.62%35408500.002500000500.00
04/02/2020WBIYWRK96145D105WESTROCK CO34,12026.710000911345.202.57%35408500.002500000500.00
04/02/2020WBIYCash&OtherCash&OtherCash & Other892,4571.000000892456.542.52%35408500.00250000050Y
04/02/2020WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -17,15345.030000772399.592.18%35408500.002500000500.00
04/02/2020WBIYSO842587107SOUTHERN CO14,64450.140000734250.162.07%35408500.002500000500.00
04/02/2020WBIYMSM553530106MSC INDL DIRECT INC13,45754.200000729369.402.06%35408500.002500000500.00
04/02/2020WBIYIVZG491BT108INVESCO LTD85,5548.010000685287.541.94%35408500.002500000500.00
04/02/2020WBIYTPR876030107TAPESTRY INC58,08611.070000643012.021.82%35408500.002500000500.00
04/02/2020WBIYUNM91529Y106UNUM GROUP48,90013.100000640590.001.81%35408500.002500000500.00
04/02/2020WBIYOLN680665205OLIN CORP57,11410.880000621400.321.75%35408500.002500000500.00
04/02/2020WBIYIPG460690100INTERPUBLIC GROUP COS INC41,90814.540000609342.321.72%35408500.002500000500.00
04/02/2020WBIYGPS364760108GAP INC98,6515.890000581054.391.64%35408500.002500000500.00
04/02/2020WBIYKSS500255104KOHLS CORP41,30412.940000534473.761.51%35408500.002500000500.00
04/02/2020WBIYHBAN446150104HUNTINGTON BANCSHARES INC67,8567.450000505527.201.43%35408500.002500000500.00
04/02/2020WBIYBIG089302103BIG LOTS INC35,95113.790000495764.291.40%35408500.002500000500.00
04/02/2020WBIYPRU744320102PRUDENTIAL FINL INC10,57347.000000496931.001.40%35408500.002500000500.00
04/02/2020WBIYCC163851108CHEMOURS CO61,4007.540000462956.001.31%35408500.002500000500.00
04/02/2020WBIYKEY493267108KEYCORP47,4639.450000448525.351.27%35408500.002500000500.00
04/02/2020WBIYVLO91913Y100VALERO ENERGY CORP9,95241.000000408032.001.15%35408500.002500000500.00
04/02/2020WBIYPAGP72651A207PLAINS GP HLDGS L P68,0505.370000365428.501.03%35408500.002500000500.00
04/02/2020WBIYUFS257559203DOMTAR CORP18,34219.770000362621.341.02%35408500.002500000500.00
04/02/2020WBIYNAVI63938C108NAVIENT CORPORATION47,0507.010000329820.500.93%35408500.002500000500.00
04/02/2020WBIYCVX166764100CHEVRON CORP NEW4,75068.560000325660.000.92%35408500.002500000500.00
04/02/2020WBIYPACW695263103PACWEST BANCORP DEL19,40316.430000318791.290.90%35408500.002500000500.00
04/02/2020WBIYMCY589400100MERCURY GENL CORP NEW8,12837.840000307563.520.87%35408500.002500000500.00
04/02/2020WBIYWFC949746101WELLS FARGO CO NEW11,40526.570000303030.850.86%35408500.002500000500.00
04/02/2020WBIYCNK17243V102CINEMARK HOLDINGS INC36,7258.030000294901.750.83%35408500.002500000500.00
04/02/2020WBIYMDP589433101MEREDITH CORP22,54011.670000263041.800.74%35408500.002500000500.00
04/02/2020WBIYTSEL9340P101TRINSEO S A14,93816.720000249763.360.71%35408500.002500000500.00
04/02/2020WBIYCVI12662P108CVR ENERGY INC16,20614.660000237579.960.67%35408500.002500000500.00
04/02/2020WBIYAEO02553E106AMERICAN EAGLE OUTFITTERS INC COM33,3067.020000233808.120.66%35408500.002500000500.00
04/02/2020WBIYAPAM04316A108ARTISAN PARTNERS ASSET MGMT IN CL A11,76519.630000230946.950.65%35408500.002500000500.00
04/02/2020WBIYPFG74251V102PRINCIPAL FINL GROUP INC8,05927.400000220816.600.62%35408500.002500000500.00
04/02/2020WBIYKRO50105F105KRONOS WORLDWIDE INC26,0208.420000219088.400.62%35408500.002500000500.00
04/02/2020WBIYGEF397624107GREIF INC7,18228.490000204615.180.58%35408500.002500000500.00
04/02/2020WBIYBPFH101119105BOSTON PRIVATE FINL HLDGS INC COM27,3017.290000199024.290.56%35408500.002500000500.00
04/02/2020WBIYHOPE43940T109HOPE BANCORP INC23,9547.760000185883.040.52%35408500.002500000500.00
04/02/2020WBIYMOV624580106MOVADO GROUP INC16,70210.650000177876.300.50%35408500.002500000500.00
04/02/2020WBIYBRY08579X101BERRY CORP41,6782.01000083772.780.24%35408500.002500000500.00
04/02/2020WBIYEFC28852N109ELLINGTON FINANCIAL INC17,8504.23000075505.500.21%35408500.002500000500.00
Fund Goals

  • Multi-factor smart beta ETF
  • Power Factor® approach focuses on generating the highest dividend yield with a deep value bias and multi-factor fundamental analysis to confirm quality
  • Designed to track the Solactive Power Factor® High Dividend Index

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,500,000
35.41
$14.14
9,901
-0.17%
0.70%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-30.57%
-41.19%
-41.19%
-34.16%
-9.25%
-9.10%
Market
-30.60%
-41.07%
-41.07%
-34.18%
-9.35%
-9.12%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-30.57
-41.19
-41.19
-34.16
-9.25
-9.10
Market
-30.60
-41.07
-41.07
-34.18
-9.35
-9.12

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
5.56%
5.47%

WBIY Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
VERIZON COMMUNICATIONS INC
INTERNATIONAL BUSINESS MACHS COM
AT&T INC
SEAGATE TECHNOLOGY PLC
GENERAL MTRS CO
FOOT LOCKER INC
COMERICA INC
INTL PAPER CO
HANESBRANDS INC
NEW YORK CMNTY BANCORP INC
8.11%
7.11%
6.88%
4.98%
4.72%
4.61%
3.39%
2.92%
2.86%
2.79%
54,259
23,959
86,899
36,858
86,750
81,011
44,185
34,308
136,876
114,398
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$16.90
$0.12
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBITSCHO808524862SCHWAB STRATEGIC TR SHT TM US TRES313,84751.68000016219612.9644.12%36765547.502175000870.00
04/02/2020WBITSPTL78464A664SPDR SER TR PORTFOLIO LN TSR186,70247.9300008948626.8624.34%36765547.502175000870.00
04/02/2020WBITVGLT92206C847VANGUARD SCOTTSDALE FDS LONG TERM TREAS76,709101.7000007801305.3021.22%36765547.502175000870.00
04/02/2020WBITTLT464287432ISHARES TR 20 YR TR BD ETF16,288167.0400002720747.527.40%36765547.502175000870.00
04/02/2020WBITCash&OtherCash&OtherCash & Other1,074,5471.0000001074546.812.92%36765547.50217500087Y
Fund Goals

  • Manage risk to capital
  • Seeks current income and long-term capital appreciation

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,175,000
36.77
$16.91
32,043
0.01%
0.67%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
-15.32%
-16.74%
-16.74%
 
 
-10.53%
Market
-15.30%
-16.76%
-16.76%
 
 
-10.54%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
-15.32
-16.74
-16.74
 
 
-10.53
Market
-15.30
-16.76
-16.76
 
 
-10.54

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
5.27%

WBIT Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
SCHWAB STRATEGIC TR SHT TM US TRES
SPDR SER TR PORTFOLIO LN TSR
VANGUARD SCOTTSDALE FDS LONG TERM TREAS
ISHARES TR 20 YR TR BD ETF
Cash & Other
44.12%
24.34%
21.22%
7.40%
2.92%
313,847
186,702
76,709
16,288
1,074,547
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$16.29
$0.11
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBINSCHO808524862SCHWAB STRATEGIC TR SHT TM US TRES224,47651.68000011600919.6843.83%26468162.501625000650.00
04/02/2020WBINSPTL78464A664SPDR SER TR PORTFOLIO LN TSR133,53647.9300006400380.4824.18%26468162.501625000650.00
04/02/2020WBINVGLT92206C847VANGUARD SCOTTSDALE FDS LONG TERM TREAS54,892101.7000005582516.4021.09%26468162.501625000650.00
04/02/2020WBINTLT464287432ISHARES TR 20 YR TR BD ETF11,650167.0400001946016.007.35%26468162.501625000650.00
04/02/2020WBINCash&OtherCash&OtherCash & Other937,8291.000000937828.703.54%26468162.50162500065Y
Fund Goals

  • Manage risk to capital
  • Seeks current income and long-term capital appreciation

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,625,000
26.47
$16.31
57,099
0.13%
0.77%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
-15.35%
-16.78%
-16.78%
 
 
-13.58%
Market
-15.16%
-16.67%
-16.67%
 
 
-13.55%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
-15.35
-16.78
-16.78
 
 
-13.58
Market
-15.16
-16.67
-16.67
 
 
-13.55

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
5.27%

WBIN Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
SCHWAB STRATEGIC TR SHT TM US TRES
SPDR SER TR PORTFOLIO LN TSR
VANGUARD SCOTTSDALE FDS LONG TERM TREAS
ISHARES TR 20 YR TR BD ETF
Cash & Other
43.83%
24.18%
21.09%
7.35%
3.54%
224,476
133,536
54,892
11,650
937,829
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$23.15
$0.15
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBIISCHO808524862SCHWAB STRATEGIC TR SHT TM US TRES607,41751.68000031391310.5640.48%77546805.003350000670.00
04/02/2020WBIISPTL78464A664SPDR SER TR PORTFOLIO LN TSR297,97347.93000014281845.8918.42%77546805.003350000670.00
04/02/2020WBIIVGLT92206C847VANGUARD SCOTTSDALE FDS LONG TERM TREAS136,197101.70000013851234.9017.86%77546805.003350000670.00
04/02/2020WBIIEDV921910709VANGUARD WORLD FD EXTENDED DUR37,998169.2100006429641.588.29%77546805.003350000670.00
04/02/2020WBIITLT464287432ISHARES TR 20 YR TR BD ETF28,925167.0400004831632.006.23%77546805.003350000670.00
04/02/2020WBIIVGIT92206C706VANGUARD SCOTTSDALE FDS INTER TERM TREAS62,77970.5100004426547.295.71%77546805.003350000670.00
04/02/2020WBIICash&OtherCash&OtherCash & Other2,332,3191.0000002332318.903.01%77546805.00335000067Y
Fund Goals

  • Manage risk to capital
  • Generate high current yield that helps to promote compounding
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in income-producing debt and equity securities of foreign and domestic companies

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,350,000
77.55
$23.14
4,791
-0.04%
1.29%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-8.03%
-8.79%
-8.79%
-2.90%
0.42%
0.83
0.97%
Market
-8.07%
-8.88%
-8.88%
-3.01%
0.40%
0.80
0.93%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-8.03
-8.79
-8.79
-2.90
0.42
0.83
0.97
Market
-8.07
-8.88
-8.88
-3.01
0.40
0.80
0.93

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
4.17%
WBII Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
SCHWAB STRATEGIC TR SHT TM US TRES
SPDR SER TR PORTFOLIO LN TSR
VANGUARD SCOTTSDALE FDS LONG TERM TREAS
VANGUARD WORLD FD EXTENDED DUR
ISHARES TR 20 YR TR BD ETF
VANGUARD SCOTTSDALE FDS INTER TERM TREAS
Cash & Other
40.48%
18.42%
17.86%
8.29%
6.23%
5.71%
3.01%
607,417
297,973
136,197
37,998
28,925
62,779
2,332,319
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$25.35
- $0.10
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBIECash&OtherCash&OtherCash & Other38,939,1751.00000038939174.5587.96%44269893.58174627834Y
04/02/2020WBIEVGIT92206C706VANGUARD SCOTTSDALE FDS INTER TERM TREAS13,73770.510000968595.872.19%44269893.581746278340.00
04/02/2020WBIEORCL68389X105ORACLE CORP9,52148.710000463767.911.05%44269893.581746278340.00
04/02/2020WBIEHUM444859102HUMANA INC1,527298.750000456191.251.03%44269893.581746278340.00
04/02/2020WBIEAMGN031162100AMGEN INC2,268197.810000448633.081.01%44269893.581746278340.00
04/02/2020WBIEQCOM747525103QUALCOMM INC6,55565.900000431974.500.98%44269893.581746278340.00
04/02/2020WBIEBIIB09062X103BIOGEN INC1,476293.270000432866.520.98%44269893.581746278340.00
04/02/2020WBIESPGI78409V104S&P Global Inc1,840234.330000431167.200.97%44269893.581746278340.00
04/02/2020WBIENOC666807102NORTHROP GRUMMAN CORP1,400306.990000429786.000.97%44269893.581746278340.00
04/02/2020WBIEEBAY278642103EBAY INC14,88828.780000428476.640.97%44269893.581746278340.00
04/02/2020WBIEADBE00724F101ADOBE INC1,399301.210000421392.790.95%44269893.581746278340.00
04/02/2020WBIENVDA67066G104NVIDIA CORP1,714243.070000416621.980.94%44269893.581746278340.00
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small-, mid- and large-cap securities with improving fundamental growth trends

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,746,278
44.27
$25.34
15,181
-0.06%
1.13%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.33%
-9.32%
-9.32%
-0.96%
3.31%
0.79
1.09%
Market
-2.17%
-9.05%
-9.05%
-0.96%
3.20%
0.75
1.07%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.33
-9.32
-9.32
-0.96
3.31
0.79
1.09
Market
-2.17
-9.05
-9.05
-0.96
3.20
0.75
1.07

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

*Effective October 25, 2019, The Fund’s name and Strategy changed. The Fund was previously named WBI BullBear Rising Income 1000 ETF. Performance prior to October 25, 2019 reflects a large-cap investment strategy. The Fund now intends to invest in small, mid, and large caps.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
0.49%
WBIE Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
Cash & Other
VANGUARD SCOTTSDALE FDS INTER TERM TREAS
ORACLE CORP
HUMANA INC
AMGEN INC
QUALCOMM INC
BIOGEN INC
S&P Global Inc
NORTHROP GRUMMAN CORP
EBAY INC
87.96%
2.19%
1.05%
1.03%
1.01%
0.98%
0.98%
0.97%
0.97%
0.97%
38,939,175
13,737
9,521
1,527
2,268
6,555
1,476
1,840
1,400
14,888
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$24.98
- $0.10
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBIFCash&OtherCash&OtherCash & Other40,415,9351.00000040415935.0188.00%45928278.13183831536Y
04/02/2020WBIFVGIT92206C706VANGUARD SCOTTSDALE FDS INTER TERM TREAS13,98770.510000986223.372.15%45928278.131838315360.00
04/02/2020WBIFORCL68389X105ORACLE CORP9,87848.710000481157.381.05%45928278.131838315360.00
04/02/2020WBIFHUM444859102HUMANA INC1,584298.750000473220.001.03%45928278.131838315360.00
04/02/2020WBIFAMGN031162100AMGEN INC2,353197.810000465446.931.01%45928278.131838315360.00
04/02/2020WBIFQCOM747525103QUALCOMM INC6,80265.900000448251.800.98%45928278.131838315360.00
04/02/2020WBIFBIIB09062X103BIOGEN INC1,531293.270000448996.370.98%45928278.131838315360.00
04/02/2020WBIFNOC666807102NORTHROP GRUMMAN CORP1,453306.990000446056.470.97%45928278.131838315360.00
04/02/2020WBIFSPGI78409V104S&P Global Inc1,910234.330000447570.300.97%45928278.131838315360.00
04/02/2020WBIFEBAY278642103EBAY INC15,44828.780000444593.440.97%45928278.131838315360.00
04/02/2020WBIFADBE00724F101ADOBE INC1,452301.210000437356.920.95%45928278.131838315360.00
04/02/2020WBIFNVDA67066G104NVIDIA CORP1,778243.070000432178.460.94%45928278.131838315360.00
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small-, mid- and large-cap securities with consistent fundamentals and strong value characteristics

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,838,315
45.93
$24.97
2,003
-0.08%
1.18%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.14%
-9.84%
-9.84%
-9.18%
0.23%
1.66
0.87%
Market
-1.92%
-9.93%
-9.93%
-9.25%
0.19%
1.62
0.85%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.14
-9.84
-9.84
-9.18
0.23
1.66
0.87
Market
-1.92
-9.93
-9.93
-9.25
0.19
1.62
0.85

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

*Effective October 25, 2019, The Fund’s name and Strategy changed. The Fund was previously named WBI BullBear Value 1000 ETF. Performance prior to October 25, 2019 reflects a large-cap investment strategy. The Fund now intends to invest in small, mid, and large caps.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
0.65%
WBIF Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
Cash & Other
VANGUARD SCOTTSDALE FDS INTER TERM TREAS
ORACLE CORP
HUMANA INC
AMGEN INC
QUALCOMM INC
BIOGEN INC
NORTHROP GRUMMAN CORP
S&P Global Inc
EBAY INC
88.00%
2.15%
1.05%
1.03%
1.01%
0.98%
0.98%
0.97%
0.97%
0.97%
40,415,935
13,987
9,878
1,584
2,353
6,802
1,531
1,453
1,910
15,448
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$22.06
- $0.08
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBIGCash&OtherCash&OtherCash & Other54,929,8701.00000054929870.1387.99%62425629.45283018356Y
04/02/2020WBIGVGIT92206C706VANGUARD SCOTTSDALE FDS INTER TERM TREAS19,07070.5100001344625.702.15%62425629.452830183560.00
04/02/2020WBIGORCL68389X105ORACLE CORP13,42648.710000653980.461.05%62425629.452830183560.00
04/02/2020WBIGHUM444859102HUMANA INC2,153298.750000643208.751.03%62425629.452830183560.00
04/02/2020WBIGAMGN031162100AMGEN INC3,198197.810000632596.381.01%62425629.452830183560.00
04/02/2020WBIGBIIB09062X103BIOGEN INC2,081293.270000610294.870.98%62425629.452830183560.00
04/02/2020WBIGQCOM747525103QUALCOMM INC9,24465.900000609179.600.98%62425629.452830183560.00
04/02/2020WBIGEBAY278642103EBAY INC20,99528.780000604236.100.97%62425629.452830183560.00
04/02/2020WBIGSPGI78409V104S&P Global Inc2,595234.330000608086.350.97%62425629.452830183560.00
04/02/2020WBIGNOC666807102NORTHROP GRUMMAN CORP1,975306.990000606305.250.97%62425629.452830183560.00
04/02/2020WBIGADBE00724F101ADOBE INC1,973301.210000594287.330.95%62425629.452830183560.00
04/02/2020WBIGNVDA67066G104NVIDIA CORP2,416243.070000587257.120.94%62425629.452830183560.00
Fund Goals

  • Manage risk to capital
  • Generate an attractive current yield that helps promote compounding
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small-, mid- and large-cap securities that present themselves as undervalued opportunities with attractive dividend yields

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,830,183
62.43
$22.04
6,723
-0.10%
1.04%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.20%
-10.06%
-10.06%
-8.28%
1.45%
-0.11
-0.87%
Market
-1.96%
-9.74%
-9.74%
-8.33%
1.35%
-0.13
-0.89%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.20
-10.06
-10.06
-8.28
1.45
-0.11
-0.87
Market
-1.96
-9.74
-9.74
-8.33
1.35
-0.13
-0.89

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

*Effective October 25, 2019, The Fund’s name and Strategy changed. The Fund was previously named WBI BullBear Yield 1000 ETF. Performance prior to October 25, 2019 reflects a large-cap investment strategy. The Fund now intends to invest in small, mid, and largecaps.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
1.00%
WBIG Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
Cash & Other
VANGUARD SCOTTSDALE FDS INTER TERM TREAS
ORACLE CORP
HUMANA INC
AMGEN INC
BIOGEN INC
QUALCOMM INC
EBAY INC
S&P Global Inc
NORTHROP GRUMMAN CORP
87.99%
2.15%
1.05%
1.03%
1.01%
0.98%
0.98%
0.97%
0.97%
0.97%
54,929,870
19,070
13,426
2,153
3,198
2,081
9,244
20,995
2,595
1,975
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
 As of: 04/01/2020
NAV Daily Change Fact Sheet Holdings
$25.07
- $0.10
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/02/2020WBILCash&OtherCash&OtherCash & Other48,033,7641.00000048033763.8087.99%54592403.21217718243Y
04/02/2020WBILVGIT92206C706VANGUARD SCOTTSDALE FDS INTER TERM TREAS16,71270.5100001178363.122.16%54592403.212177182430.00
04/02/2020WBILORCL68389X105ORACLE CORP11,74348.710000572001.531.05%54592403.212177182430.00
04/02/2020WBILHUM444859102HUMANA INC1,883298.750000562546.251.03%54592403.212177182430.00
04/02/2020WBILAMGN031162100AMGEN INC2,797197.810000553274.571.01%54592403.212177182430.00
04/02/2020WBILQCOM747525103QUALCOMM INC8,08565.900000532801.500.98%54592403.212177182430.00
04/02/2020WBILBIIB09062X103BIOGEN INC1,821293.270000534044.670.98%54592403.212177182430.00
04/02/2020WBILEBAY278642103EBAY INC18,36328.780000528487.140.97%54592403.212177182430.00
04/02/2020WBILNOC666807102NORTHROP GRUMMAN CORP1,727306.990000530171.730.97%54592403.212177182430.00
04/02/2020WBILSPGI78409V104S&P Global Inc2,270234.330000531929.100.97%54592403.212177182430.00
04/02/2020WBILADBE00724F101ADOBE INC1,726301.210000519888.460.95%54592403.212177182430.00
04/02/2020WBILNVDA67066G104NVIDIA CORP2,113243.070000513606.910.94%54592403.212177182430.00
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small-, mid- and large-cap securities with strong measures of financial health and potential for growth.

Prices
 As of: 04/01/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,177,182
54.59
$25.05
2,142
-0.10%
1.21%
Performance Month End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.15%
-7.83%
-7.83%
-3.76%
1.72%
1.75
0.73%
Market
-1.86%
-7.71%
-7.71%
-3.72%
1.66%
1.74
0.72%
Performance Quarter End
 As of: 03/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.15
-7.83
-7.83
-3.76
1.72
1.75
0.73
Market
-1.86
-7.71
-7.71
-3.72
1.66
1.74
0.72

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.  The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For most recent month-end performance, please see the monthly performance tab.

Effective October 25, 2019, The Fund’s name and Strategy changed. The Fund was previously named WBI BullBear Quality 1000 ETF. Performance prior to October 25, 2019 reflects a large-cap investment strategy. The Fund now intends to invest in small, mid, and large caps.

Fund Characteristics
 As of: 2/29/2020
30-Day SEC Yield
0.41%
WBIL Top Holdings
 As of: 04/02/2020
Security Name Weightings Shares
Cash & Other
VANGUARD SCOTTSDALE FDS INTER TERM TREAS
ORACLE CORP
HUMANA INC
AMGEN INC
QUALCOMM INC
BIOGEN INC
EBAY INC
NORTHROP GRUMMAN CORP
S&P Global Inc
87.99%
2.16%
1.05%
1.03%
1.01%
0.98%
0.98%
0.97%
0.97%
0.97%
48,033,764
16,712
11,743
1,883
2,797
8,085
1,821
18,363
1,727
2,270
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Download all holdings data

An investment in the Funds is subject to risk, including the possible loss of principal. There is no guarantee the Advisor’s investment strategy or quantitative models used in the investment strategy will be successful. To the extent that a Fund invests in dividend-paying equities, if stocks held by the Fund reduce or stop paying dividends, the Funds’ ability to generate income may be affected. Small and medium capitalization companies may involve greater volatility and risk than investing in larger and more established companies. Foreign and emerging market securities carry additional risks such as currency fluctuation, economic or financial instability, lack of timely or reliable financial information, or unfavorable political or legal developments.

There are risks specific to WBIN, WBIT, and WBII which can primarily invest in debt securities. During periods of rising interest rates, the market value of the debt securities held by the Fund will generally decline. Credit risk is the risk that an issuer will not make timely payments of principal and interest. The debt securities that are rated below investment grade (i.e., “junk bonds”) are subject to additional risk factors such as increased possibility of default liquidation of the security.

There are risks specific to WBIY and WBIG which focus on high yielding securities. The Funds invest in high yielding stocks, which may be speculative, higher risk investments. It is possible these companies could pay out more than they can support and may reduce or stop paying dividends at any time, which could have a material adverse effect on the companies’ stock price and the Fund’s performance.

WBIF focuses on value securities. Value style investing involves the risk that an investment made in undervalued securities may not appreciate as anticipated or remain undervalued for long periods of time.

WBIY is not actively managed and the Sub-Advisor does not attempt to take defensive positions in declining markets. Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index.

For a full list of investment risks associated with the funds, including but not limited to market risk, portfolio turnover risk, securities business risk, mortgage-backed securities risk, master limited partnership risk, real estate investment trust risk, ETF risk, and trading price risk, please read the prospectus.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in creation units only. Total returns are calculated using the daily 4:00 p.m. EST net asset value (NAV). Market price returns reflect the last trade on a given date where Fund shares are listed. Market price returns do not represent the returns you would receive if you traded shares at other times.