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: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$22.69
$0.36
0.19%
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: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net/Gross Expense Ratio
1,900,000
43.11
$22.70
5,372
0.04%
0.70% / 0.77%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
19.02%
18.97%
-12.67%
-8.83%
0.40%
2.11%
Market
19.27%
18.89%
-12.45%
-8.79%
0.30%
2.10%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-3.69
0.23
-26.60
-19.54
-3.54
-2.38
Market
-3.70
0.29
-26.36
-19.34
-3.54
-2.37

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: 11/30/2020
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
5.07%
4.70%

WBIY Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
VALERO ENERGY CORP
EXXON MOBIL CORP
AT&T INC
SEAGATE TECHNOLOGY PLC
ABBVIE INC
LYONDELLBASELL INDUSTRIES N V SHS - A -
OMNICOM GROUP INC
CONOCOPHILLIPS
WALGREENS BOOTS ALLIANCE INC COM
INTERNATIONAL BUSINESS MACHS COM
8.02%
6.67%
5.91%
4.87%
4.78%
4.70%
4.65%
4.39%
4.23%
4.19%
59,519
72,023
87,600
34,309
19,639
23,604
31,481
47,358
45,725
14,502
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBIYVLO91913Y100VALERO ENERGY CORP59,51958.0700003456268.338.02%43113660.001900000380.00
12/03/2020WBIYXOM30231G102EXXON MOBIL CORP72,02339.9400002876598.626.67%43113660.001900000380.00
12/03/2020WBIYT00206R102AT&T INC87,60029.0900002548284.005.91%43113660.001900000380.00
12/03/2020WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC34,30961.2000002099710.804.87%43113660.001900000380.00
12/03/2020WBIYABBV00287Y109ABBVIE INC19,639104.9900002061898.614.78%43113660.001900000380.00
12/03/2020WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -23,60485.9200002028055.684.70%43113660.001900000380.00
12/03/2020WBIYOMC681919106OMNICOM GROUP INC31,48163.6700002004395.274.65%43113660.001900000380.00
12/03/2020WBIYCOP20825C104CONOCOPHILLIPS47,35839.9700001892899.264.39%43113660.001900000380.00
12/03/2020WBIYWBA931427108WALGREENS BOOTS ALLIANCE INC COM45,72539.8400001821684.004.23%43113660.001900000380.00
12/03/2020WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM14,502124.6200001807239.244.19%43113660.001900000380.00
12/03/2020WBIYPM718172109PHILIP MORRIS INTL INC22,88378.0700001786475.814.14%43113660.001900000380.00
12/03/2020WBIYLUMN156700106LUMEN TECHNOLOGIES INC159,78110.5000001677700.503.89%43113660.001900000380.00
12/03/2020WBIYKEY493267108KEYCORP64,72415.9500001032347.802.39%43113660.001900000380.00
12/03/2020WBIYXRX98421M106XEROX HOLDINGS CORP44,53922.6600001009253.742.34%43113660.001900000380.00
12/03/2020WBIYHRB093671105BLOCK H & R INC53,64818.460000990342.082.30%43113660.001900000380.00
12/03/2020WBIYCash&OtherCash&OtherCash & Other881,1921.000000881191.562.04%43113660.00190000038Y
12/03/2020WBIYHBAN446150104HUNTINGTON BANCSHARES INC65,70912.830000843046.471.96%43113660.001900000380.00
12/03/2020WBIYIP460146103INTERNATIONAL PAPER CO15,57949.860000776768.941.80%43113660.001900000380.00
12/03/2020WBIYCMA200340107COMERICA INC10,99252.020000571803.841.33%43113660.001900000380.00
12/03/2020WBIYPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM10,78350.860000548423.381.27%43113660.001900000380.00
12/03/2020WBIYGEF397624107GREIF INC10,32949.550000511801.951.19%43113660.001900000380.00
12/03/2020WBIYFHN320517105FIRST HORIZON CORPORATION38,70412.850000497346.401.15%43113660.001900000380.00
12/03/2020WBIYUVV913456109UNIVERSAL CORP VA10,37445.550000472535.701.10%43113660.001900000380.00
12/03/2020WBIYRF7591EP100REGIONS FINANCIAL CORP NEW29,59016.015000473883.851.10%43113660.001900000384586.45
12/03/2020WBIYVGR92240M108VECTOR GROUP LTD41,80311.270000471119.811.09%43113660.001900000380.00
12/03/2020WBIYSWM808541106SCHWEITZER-MAUDUIT INTL INC13,03634.810000453783.161.05%43113660.001900000380.00
12/03/2020WBIYSGU85512C105STAR GROUP L P45,6609.740000444728.401.03%43113660.001900000380.00
12/03/2020WBIYBGS05508R106B & G FOODS INC NEW14,99826.770000401496.460.93%43113660.001900000380.00
12/03/2020WBIYUNM91529Y106UNUM GROUP17,47122.810000398513.510.92%43113660.001900000380.00
12/03/2020WBIYFHB32051X108FIRST HAWAIIAN INC15,08822.890000345364.320.80%43113660.001900000380.00
12/03/2020WBIYNYCB649445103NEW YORK CMNTY BANCORP INC32,46910.010000325014.690.75%43113660.001900000380.00
12/03/2020WBIYWBS947890109WEBSTER FINL CORP CONN8,15639.770000324364.120.75%43113660.001900000380.00
12/03/2020WBIYOZK06417N103BANK OZK11,16229.030000324032.860.75%43113660.001900000380.00
12/03/2020WBIYSNV87161C501SYNOVUS FINL CORP9,60932.710000314310.390.73%43113660.001900000380.00
12/03/2020WBIYORI680223104OLD REP INTL CORP17,19518.270000314152.650.73%43113660.001900000383610.95
12/03/2020WBIYPFS74386T105PROVIDENT FINL SVCS INC18,47816.250000300267.500.70%43113660.001900000380.00
12/03/2020WBIYCFFI12466Q104C & F FINL CORP8,06137.500000302287.500.70%43113660.001900000380.00
12/03/2020WBIYCATY149150104CATHAY GEN BANCORP10,04029.050000291662.000.68%43113660.001900000380.00
12/03/2020WBIYHOPE43940T109HOPE BANCORP INC29,8929.870000295034.040.68%43113660.001900000380.00
12/03/2020WBIYFNB302520101F N B CORP31,7039.170000290716.510.67%43113660.001900000380.00
12/03/2020WBIYUNB905400107UNION BANKSHARES INC10,42926.850000280018.650.65%43113660.001900000380.00
12/03/2020WBIYFCF319829107FIRST COMWLTH FINL CORP PA27,58010.040000276903.200.64%43113660.001900000380.00
12/03/2020WBIYPWOD708430103PENNS WOODS BANCORP INC10,99325.160000276583.880.64%43113660.001900000380.00
12/03/2020WBIYASB045487105ASSOCIATED BANC CORP17,14615.940000273307.240.63%43113660.001900000380.00
12/03/2020WBIYPFBI74050M105PREMIER FINL BANCORP INC19,47513.990000272455.250.63%43113660.001900000380.00
12/03/2020WBIYATLO031001100AMES NATL CORP12,05121.530000259458.030.60%43113660.001900000380.00
12/03/2020WBIYMCY589400100MERCURY GENL CORP NEW5,71644.920000256762.720.60%43113660.001900000380.00
12/03/2020WBIYFNLC31866P102FIRST BANCORP INC ME10,26124.640000252831.040.59%43113660.001900000380.00
12/03/2020WBIYSAFT78648T100SAFETY INS GROUP INC3,44772.350000249390.450.58%43113660.001900000380.00
12/03/2020WBIYNAVI63938C108NAVIENT CORPORATION23,5509.540000224667.000.52%43113660.001900000383768.00
12/03/2020WBIYWDR930059100WADDELL & REED FINL INC13,14917.010000223664.490.52%43113660.001900000380.00
Premium/Discount
Download Premium/Discount
Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$20.11
$0.06
0.40%
Fund Goals

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

Prices
As of: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,550,000
31.17
$20.10
11,086
-0.05%
0.89%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
3.82%
7.86%
-0.07%
0.83%
 
4.83%
Market
3.66%
7.70%
-0.05%
0.80%
 
4.86%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
-3.71
8.92
-7.35
-6.50
 
-0.33
Market
-3.65
8.91
-7.19
-6.24
 
-0.19

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: 11/30/2020
30-Day SEC Yield
4.61%

WBIT Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
Cash & Other
39.33%
39.26%
19.70%
1.71%
300,539
246,571
194,180
531,676
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBITUSHY46435U853ISHARES TR BROAD USD HIGH300,53940.79000012258985.8139.33%31170500.001550000620.00
12/03/2020WBITHYLB233051432DBX ETF TR XTRACK USD HIGH246,57149.63000012237318.7339.26%31170500.001550000620.00
12/03/2020WBITANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG194,18031.6300006141913.4019.70%31170500.001550000620.00
12/03/2020WBITCash&OtherCash&OtherCash & Other531,6761.000000531675.821.71%31170500.00155000062Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$17.10
$0.05
0.24%
Fund Goals

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

Prices
As of: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,000,000
17.10
$17.09
4,514
-0.06%
0.93%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
3.79%
2.25%
-10.41%
-9.60%
 
-5.13%
Market
3.70%
2.20%
-10.48%
-9.68%
 
-5.26%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
-2.51
2.81
-12.38
-11.57
 
-7.55
Market
-2.52
2.84
-12.41
-11.59
 
-7.65

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: 11/30/2020
30-Day SEC Yield
4.59%

WBIN Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
Cash & Other
40.14%
40.04%
18.61%
1.20%
168,257
137,933
100,571
205,866
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBINUSHY46435U853ISHARES TR BROAD USD HIGH168,25740.7900006863203.0340.14%17096100.001000000400.00
12/03/2020WBINHYLB233051432DBX ETF TR XTRACK USD HIGH137,93349.6300006845614.7940.04%17096100.001000000400.00
12/03/2020WBINANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG100,57131.6300003181060.7318.61%17096100.001000000400.00
12/03/2020WBINCash&OtherCash&OtherCash & Other205,8661.000000205865.891.20%17096100.00100000040Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.66
$0.07
0.16%
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: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,450,000
60.41
$24.62
9,642
-0.18%
1.22%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
4.08%
2.87%
-0.49%
0.41%
2.62%
2.80
2.28%
Market
3.90%
2.65%
-0.63%
0.20%
2.51%
2.71
2.23%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.18
2.79
-3.26
-2.78
1.57
2.09
1.87
Market
-2.24
2.74
-3.19
-2.72
1.55
2.05
1.86

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: 11/30/2020
30-Day SEC Yield
3.80%
WBII Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
ISHARES TR BROAD USD HIGH
VANGUARD SCOTTSDALE FDS LG-TERM COR BD
VANGUARD SCOTTSDALE FDS INT-TERM CORP
Cash & Other
32.91%
27.32%
27.00%
7.48%
3.91%
1.38%
400,591
521,857
399,903
41,013
24,429
833,215
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBIIHYLB233051432DBX ETF TR XTRACK USD HIGH400,59149.63000019881331.3332.91%60414795.002450000490.00
12/03/2020WBIIANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG521,85731.63000016506336.9127.32%60414795.002450000490.00
12/03/2020WBIIUSHY46435U853ISHARES TR BROAD USD HIGH399,90340.79000016312043.3727.00%60414795.002450000490.00
12/03/2020WBIIVCLT92206C813VANGUARD SCOTTSDALE FDS LG-TERM COR BD41,013110.1500004517581.957.48%60414795.002450000490.00
12/03/2020WBIIVCIT92206C870VANGUARD SCOTTSDALE FDS INT-TERM CORP24,42996.7000002362284.303.91%60414795.002450000490.00
12/03/2020WBIICash&OtherCash&OtherCash & Other833,2151.000000833215.431.38%60414795.00245000049Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$29.15
$0.18
0.21%
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: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,346,278
39.24
$29.13
4,531
-0.06%
1.24%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
9.25%
6.29%
3.09%
5.00%
4.90%
5.29
3.06%
Market
9.31%
6.01%
3.36%
5.03%
4.82%
5.29
3.04%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-5.78
4.07
-3.01
0.51
4.77
4.33
2.12
Market
-5.69
4.27
-2.50
0.69
4.90
4.33
2.14

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: 11/30/2020
30-Day SEC Yield
0.42%
WBIE Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
Cash & Other
COCA COLA EUROPEAN PARTNERS P SHS
PNC FINL SVCS GROUP INC
BOOZ ALLEN HAMILTON HLDG CORP CL A
WALMART INC
L3HARRIS TECHNOLOGIES INC
YUM BRANDS INC
HUNTINGTON INGALLS INDS INC
UNITED PARCEL SERVICE INC
MODERNA INC
13.58%
4.81%
4.63%
4.50%
4.30%
4.29%
4.12%
4.08%
3.84%
3.69%
5,328,901
40,479
12,851
19,933
11,200
8,788
15,418
9,823
8,914
10,128
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBIECash&OtherCash&OtherCash & Other5,328,9011.0000005328900.8913.58%39239560.98134627826Y
12/03/2020WBIECCEPG25839104COCA COLA EUROPEAN PARTNERS P SHS40,47946.6000001886321.404.81%39239560.981346278260.00
12/03/2020WBIEPNC693475105PNC FINL SVCS GROUP INC12,851141.3800001816874.384.63%39239560.981346278260.00
12/03/2020WBIEBAH099502106BOOZ ALLEN HAMILTON HLDG CORP CL A19,93388.5400001764867.824.50%39239560.981346278260.00
12/03/2020WBIEWMT931142103WALMART INC11,200150.5200001685824.004.30%39239560.981346278260.00
12/03/2020WBIELHX502431109L3HARRIS TECHNOLOGIES INC8,788191.5400001683253.524.29%39239560.981346278260.00
12/03/2020WBIEYUM988498101YUM BRANDS INC15,418104.9800001618581.644.12%39239560.981346278260.00
12/03/2020WBIEHII446413106HUNTINGTON INGALLS INDS INC9,823163.1700001602818.914.08%39239560.981346278260.00
12/03/2020WBIEUPS911312106UNITED PARCEL SERVICE INC8,914168.8300001504950.623.84%39239560.981346278260.00
12/03/2020WBIEMRNA60770K107MODERNA INC10,128143.0000001448304.003.69%39239560.981346278260.00
12/03/2020WBIEABBV00287Y109ABBVIE INC11,086104.9900001163919.142.97%39239560.981346278260.00
12/03/2020WBIEULTA90384S303ULTA BEAUTY INC4,092282.0000001153944.002.94%39239560.981346278260.00
12/03/2020WBIEGOOGL02079K305ALPHABET INC6241824.9700001138781.282.90%39239560.981346278260.00
12/03/2020WBIEAMZN023135106AMAZON COM INC3373203.5300001079589.612.75%39239560.981346278260.00
12/03/2020WBIEBNTX09075V102BIONTECH SE8,881121.0900001075400.292.74%39239560.981346278260.00
12/03/2020WBIEOMC681919106OMNICOM GROUP INC16,29863.6700001037693.662.64%39239560.981346278260.00
12/03/2020WBIENVAX670002401NOVAVAX INC8,076125.4800001013376.482.58%39239560.981346278260.00
12/03/2020WBIEHBAN446150104HUNTINGTON BANCSHARES INC75,13712.830000964007.712.46%39239560.981346278260.00
12/03/2020WBIEKEY493267108KEYCORP59,55715.950000949934.152.42%39239560.981346278260.00
12/03/2020WBIESHOP82509L107SHOPIFY INC7991079.440000862472.562.20%39239560.981346278260.00
12/03/2020WBIEPFE717081103PFIZER INC20,18440.800000823507.202.10%39239560.981346278260.00
12/03/2020WBIEAZN046353108ASTRAZENECA PLC14,29853.390000763370.221.95%39239560.981346278260.00
12/03/2020WBIEAAPL037833100APPLE INC6,148123.080000756695.841.93%39239560.981346278260.00
12/03/2020WBIEJPM46625H100JPMORGAN CHASE & CO.6,107122.040000745298.281.90%39239560.981346278260.00
12/03/2020WBIEFB30303M102FACEBOOK INC2,541287.520000730588.321.86%39239560.981346278260.00
12/03/2020WBIEIRM46284V101IRON MTN INC NEW26,60127.440000729931.441.86%39239560.981346278260.00
12/03/2020WBIESNY80105N105SANOFI14,37050.620000727409.401.85%39239560.981346278260.00
12/03/2020WBIEMRK58933Y105MERCK & CO. INC8,85681.830000724686.481.85%39239560.981346278260.00
12/03/2020WBIEPG742718109PROCTER AND GAMBLE CO5,191138.360000718226.761.83%39239560.981346278260.00
12/03/2020WBIEMSFT594918104MICROSOFT CORP3,270215.370000704259.901.79%39239560.981346278260.00
12/03/2020WBIELSTR515098101LANDSTAR SYS INC5,298130.560000691706.881.76%39239560.981346278260.00
12/03/2020WBIECRSPH17182108CRISPR THERAPEUTICS AG2,080131.540000273603.200.70%39239560.981346278260.00
12/03/2020WBIEVTRS92556V106VIATRIS INC2,50417.12500042881.000.11%39239560.981346278260.00
Premium/Discount
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Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$27.62
$0.25
0.22%
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: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,388,315
38.34
$27.59
5,134
-0.11%
1.25%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
9.01%
5.11%
-1.28%
0.47%
-0.11%
4.48
2.25%
Market
9.12%
4.91%
-1.34%
0.31%
-0.19%
4.45
2.23%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-6.63
1.99
-6.08
-2.33
-0.09
3.71
1.48
Market
-6.60
2.12
-5.96
-2.35
-0.02
3.68
1.49

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: 11/30/2020
30-Day SEC Yield
0.48%
WBIF Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
Cash & Other
INTERPUBLIC GROUP COS INC
WALMART INC
OLD REP INTL CORP
MCKESSON CORP
UNITED PARCEL SERVICE INC
PULTE GROUP INC
GALLAGHER ARTHUR J & CO
MODERNA INC
ABBVIE INC
18.12%
4.60%
4.36%
4.23%
4.17%
4.05%
4.04%
3.83%
3.74%
3.00%
6,947,872
76,018
11,106
88,732
8,844
9,191
37,317
12,664
10,015
10,939
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBIFCash&OtherCash&OtherCash & Other6,947,8721.0000006947872.3518.12%38338874.05138831527Y
12/03/2020WBIFIPG460690100INTERPUBLIC GROUP COS INC76,01823.2000001763617.604.60%38338874.051388315270.00
12/03/2020WBIFWMT931142103WALMART INC11,106150.5200001671675.124.36%38338874.051388315270.00
12/03/2020WBIFORI680223104OLD REP INTL CORP88,73218.2700001621133.644.23%38338874.0513883152718633.72
12/03/2020WBIFMCK58155Q103MCKESSON CORP8,844180.8500001599437.404.17%38338874.051388315270.00
12/03/2020WBIFUPS911312106UNITED PARCEL SERVICE INC9,191168.8300001551716.534.05%38338874.051388315270.00
12/03/2020WBIFPHM745867101PULTE GROUP INC37,31741.5500001550521.354.04%38338874.051388315270.00
12/03/2020WBIFAJG363576109GALLAGHER ARTHUR J & CO12,664115.9800001468770.723.83%38338874.051388315275698.80
12/03/2020WBIFMRNA60770K107MODERNA INC10,015143.0000001432145.003.74%38338874.051388315270.00
12/03/2020WBIFABBV00287Y109ABBVIE INC10,939104.9900001148485.613.00%38338874.051388315270.00
12/03/2020WBIFGOOGL02079K305ALPHABET INC6121824.9700001116881.642.91%38338874.051388315270.00
12/03/2020WBIFMO02209S103ALTRIA GROUP INC27,32140.0200001093386.422.85%38338874.051388315270.00
12/03/2020WBIFBNTX09075V102BIONTECH SE8,780121.0900001063170.202.77%38338874.051388315270.00
12/03/2020WBIFAMZN023135106AMAZON COM INC3293203.5300001053961.372.75%38338874.051388315270.00
12/03/2020WBIFOMC681919106OMNICOM GROUP INC16,03863.6700001021139.462.66%38338874.051388315270.00
12/03/2020WBIFNVAX670002401NOVAVAX INC7,917125.480000993425.162.59%38338874.051388315270.00
12/03/2020WBIFHSY427866108HERSHEY CO6,391149.250000953856.752.49%38338874.051388315270.00
12/03/2020WBIFHBAN446150104HUNTINGTON BANCSHARES INC73,94312.830000948688.692.47%38338874.051388315270.00
12/03/2020WBIFKEY493267108KEYCORP58,61015.950000934829.502.44%38338874.051388315270.00
12/03/2020WBIFSHOP82509L107SHOPIFY INC7921079.440000854916.482.23%38338874.051388315270.00
12/03/2020WBIFPFE717081103PFIZER INC20,01840.800000816734.402.13%38338874.051388315270.00
12/03/2020WBIFAAPL037833100APPLE INC6,027123.080000741803.161.93%38338874.051388315270.00
12/03/2020WBIFCOF14040H105CAPITAL ONE FINL CORP8,03591.390000734318.651.92%38338874.051388315270.00
12/03/2020WBIFFB30303M102FACEBOOK INC2,491287.520000716212.321.87%38338874.051388315270.00
12/03/2020WBIFSNY80105N105SANOFI14,08950.620000713185.181.86%38338874.051388315270.00
12/03/2020WBIFMRK58933Y105MERCK & CO. INC8,68381.830000710529.891.85%38338874.051388315270.00
12/03/2020WBIFPG742718109PROCTER AND GAMBLE CO5,101138.360000705774.361.84%38338874.051388315270.00
12/03/2020WBIFMSFT594918104MICROSOFT CORP3,206215.370000690476.221.80%38338874.051388315270.00
12/03/2020WBIFAZN046353108ASTRAZENECA PLC10,56353.390000563958.571.47%38338874.051388315270.00
12/03/2020WBIFNWL651229106NEWELL BRANDS INC18,96121.220000402352.421.05%38338874.051388315270.00
12/03/2020WBIFGL37959E102GLOBE LIFE INC3,87795.130000368819.010.96%38338874.051388315270.00
12/03/2020WBIFCRSPH17182108CRISPR THERAPEUTICS AG2,040131.540000268341.600.70%38338874.051388315270.00
12/03/2020WBIFVTRS92556V106VIATRIS INC2,48417.12500042538.500.11%38338874.051388315270.00
Premium/Discount
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Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.05
$0.15
0.27%
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: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,180,183
52.43
$24.02
6,817
-0.14%

1.14%

Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
8.79%
4.84%
-2.68%
-0.22%
-0.29%
3.14
0.48%
Market
8.79%
4.50%
-2.39%
-0.37%
-0.34%
3.08
0.45%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-6.60
1.42
-7.18
-3.28
-0.03
2.13
-0.28
Market
-6.55
1.60
-6.60
-3.20
0.07
2.17
-0.26

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: 11/30/2020
30-Day SEC Yield
0.90%
WBIG Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
Cash & Other
COCA COLA EUROPEAN PARTNERS P SHS
NEWELL BRANDS INC
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM
KRAFT HEINZ CO
WALMART INC
ASSURANT INC
GENERAL MLS INC
UNITED PARCEL SERVICE INC
TRAVELERS COMPANIES INC
6.58%
5.07%
4.93%
4.53%
4.49%
4.35%
4.21%
4.10%
3.93%
3.89%
3,452,215
57,007
121,910
65,598
71,767
15,155
16,790
35,707
12,207
15,206
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBIGCash&OtherCash&OtherCash & Other3,452,2151.0000003452214.996.58%52432747.10218018343Y
12/03/2020WBIGCCEPG25839104COCA COLA EUROPEAN PARTNERS P SHS57,00746.6000002656526.205.07%52432747.102180183430.00
12/03/2020WBIGNWL651229106NEWELL BRANDS INC121,91021.2200002586930.204.93%52432747.102180183430.00
12/03/2020WBIGFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM65,59836.2400002377271.524.53%52432747.102180183430.00
12/03/2020WBIGKHC500754106KRAFT HEINZ CO71,76732.7800002352522.264.49%52432747.102180183430.00
12/03/2020WBIGWMT931142103WALMART INC15,155150.5200002281130.604.35%52432747.102180183430.00
12/03/2020WBIGAIZ04621X108ASSURANT INC16,790131.5800002209228.204.21%52432747.102180183430.00
12/03/2020WBIGGIS370334104GENERAL MLS INC35,70760.2200002150275.544.10%52432747.102180183430.00
12/03/2020WBIGUPS911312106UNITED PARCEL SERVICE INC12,207168.8300002060907.813.93%52432747.102180183430.00
12/03/2020WBIGTRV89417E109TRAVELERS COMPANIES INC15,206134.0400002038212.243.89%52432747.102180183430.00
12/03/2020WBIGMRNA60770K107MODERNA INC13,744143.0000001965392.003.75%52432747.102180183430.00
12/03/2020WBIGORI680223104OLD REP INTL CORP101,78418.2700001859593.683.55%52432747.1021801834321374.64
12/03/2020WBIGABBV00287Y109ABBVIE INC14,803104.9900001554166.972.96%52432747.102180183430.00
12/03/2020WBIGGOOGL02079K305ALPHABET INC8401824.9700001532974.802.92%52432747.102180183430.00
12/03/2020WBIGMO02209S103ALTRIA GROUP INC36,97040.0200001479539.402.82%52432747.102180183430.00
12/03/2020WBIGBNTX09075V102BIONTECH SE12,050121.0900001459134.502.78%52432747.102180183430.00
12/03/2020WBIGAMZN023135106AMAZON COM INC4523203.5300001447995.562.76%52432747.102180183430.00
12/03/2020WBIGNVAX670002401NOVAVAX INC10,873125.4800001364344.042.60%52432747.102180183430.00
12/03/2020WBIGIRM46284V101IRON MTN INC NEW44,40327.4400001218418.322.32%52432747.102180183430.00
12/03/2020WBIGSHOP82509L107SHOPIFY INC1,0861079.4400001172271.842.24%52432747.102180183430.00
12/03/2020WBIGPFE717081103PFIZER INC27,31340.8000001114370.402.13%52432747.102180183430.00
12/03/2020WBIGOMC681919106OMNICOM GROUP INC17,38963.6700001107157.632.11%52432747.102180183430.00
12/03/2020WBIGGLW219350105CORNING INC27,34037.8000001033452.001.97%52432747.102180183430.00
12/03/2020WBIGHBAN446150104HUNTINGTON BANCSHARES INC80,19412.8300001028889.021.96%52432747.102180183430.00
12/03/2020WBIGAAPL037833100APPLE INC8,276123.0800001018610.081.94%52432747.102180183430.00
12/03/2020WBIGKEY493267108KEYCORP63,56215.9500001013813.901.93%52432747.102180183430.00
12/03/2020WBIGFB30303M102FACEBOOK INC3,421287.520000983605.921.88%52432747.102180183430.00
12/03/2020WBIGAZN046353108ASTRAZENECA PLC18,46553.390000985846.351.88%52432747.102180183430.00
12/03/2020WBIGSNY80105N105SANOFI19,34550.620000979243.901.87%52432747.102180183430.00
12/03/2020WBIGMRK58933Y105MERCK & CO. INC11,92081.830000975413.601.86%52432747.102180183430.00
12/03/2020WBIGPG742718109PROCTER AND GAMBLE CO6,998138.360000968243.281.85%52432747.102180183430.00
12/03/2020WBIGMSFT594918104MICROSOFT CORP4,401215.370000947843.371.81%52432747.102180183430.00
12/03/2020WBIGLEG524660107LEGGETT & PLATT INC13,46842.680000574814.241.10%52432747.102180183430.00
12/03/2020WBIGCRSPH17182108CRISPR THERAPEUTICS AG2,799131.540000368180.460.70%52432747.102180183430.00
12/03/2020WBIGVTRS92556V106VIATRIS INC3,39017.12500058053.750.11%52432747.102180183430.00
Premium/Discount
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Fund Information
As of: 12/02/2020
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$27.66
$0.19
0.27%
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: 12/02/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,727,182
47.78
$27.63
4,663
-0.12%
1.23%
Performance Month End
As of: 11/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
7.98%
4.62%
1.06%
3.35%
1.35%
4.75
2.15%
Market
8.01%
4.25%
1.01%
3.16%
1.31%
4.70
2.11%
Performance Quarter End
As of: 09/30/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-5.72
1.17
-3.40
-0.86
1.89
4.00
1.45
Market
-5.65
1.32
-3.11
-0.71
2.01
3.98
1.47

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: 11/30/2020
30-Day SEC Yield
0.26%
WBIL Top Holdings
As of: 12/03/2020
Security Name Weightings Shares
Cash & Other
TARGET CORP
GRAINGER W W INC
WALMART INC
PROCTER AND GAMBLE CO
UNITED PARCEL SERVICE INC
ULTA BEAUTY INC
ABBVIE INC
MCKESSON CORP
ALPHABET INC
18.18%
4.86%
4.44%
4.40%
4.27%
3.88%
3.46%
3.26%
3.25%
2.95%
8,685,829
13,158
5,205
13,958
14,762
10,982
5,868
14,845
8,592
773
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/03/2020WBILCash&OtherCash&OtherCash & Other8,685,8291.0000008685828.8518.18%47778344.79172718234Y
12/03/2020WBILTGT87612E106TARGET CORP13,158176.4100002321202.784.86%47778344.791727182340.00
12/03/2020WBILGWW384802104GRAINGER W W INC5,205407.3200002120100.604.44%47778344.791727182340.00
12/03/2020WBILWMT931142103WALMART INC13,958150.5200002100958.164.40%47778344.791727182340.00
12/03/2020WBILPG742718109PROCTER AND GAMBLE CO14,762138.3600002042470.324.27%47778344.791727182340.00
12/03/2020WBILUPS911312106UNITED PARCEL SERVICE INC10,982168.8300001854091.063.88%47778344.791727182340.00
12/03/2020WBILULTA90384S303ULTA BEAUTY INC5,868282.0000001654776.003.46%47778344.791727182340.00
12/03/2020WBILABBV00287Y109ABBVIE INC14,845104.9900001558576.553.26%47778344.791727182340.00
12/03/2020WBILMCK58155Q103MCKESSON CORP8,592180.8500001553863.203.25%47778344.791727182340.00
12/03/2020WBILGOOGL02079K305ALPHABET INC7731824.9700001410701.812.95%47778344.791727182340.00
12/03/2020WBILMRNA60770K107MODERNA INC9,712143.0000001388816.002.91%47778344.791727182340.00
12/03/2020WBILAMZN023135106AMAZON COM INC4163203.5300001332668.482.79%47778344.791727182340.00
12/03/2020WBILOMC681919106OMNICOM GROUP INC20,14463.6700001282568.482.68%47778344.791727182340.00
12/03/2020WBILLSTR515098101LANDSTAR SYS INC9,652130.5600001260165.122.64%47778344.791727182340.00
12/03/2020WBILNVAX670002401NOVAVAX INC10,020125.4800001257309.602.63%47778344.791727182340.00
12/03/2020WBILHBAN446150104HUNTINGTON BANCSHARES INC92,86912.8300001191509.272.49%47778344.791727182340.00
12/03/2020WBILKEY493267108KEYCORP73,61115.9500001174095.452.46%47778344.791727182340.00
12/03/2020WBILBNTX09075V102BIONTECH SE9,571121.0900001158952.392.43%47778344.791727182340.00
12/03/2020WBILTSCO892356106TRACTOR SUPPLY CO8,270136.7700001131087.902.37%47778344.791727182340.00
12/03/2020WBILEBAY278642103EBAY INC.21,97551.3500001128416.252.36%47778344.791727182340.00
12/03/2020WBILSHOP82509L107SHOPIFY INC9931079.4400001071883.922.24%47778344.791727182340.00
12/03/2020WBILPFE717081103PFIZER INC25,15940.8000001026487.202.15%47778344.791727182340.00
12/03/2020WBILAAPL037833100APPLE INC7,627123.080000938731.161.96%47778344.791727182340.00
12/03/2020WBILFB30303M102FACEBOOK INC3,151287.520000905975.521.90%47778344.791727182340.00
12/03/2020WBILIRM46284V101IRON MTN INC NEW32,88027.440000902227.201.89%47778344.791727182340.00
12/03/2020WBILAZN046353108ASTRAZENECA PLC16,94653.390000904746.941.89%47778344.791727182340.00
12/03/2020WBILSNY80105N105SANOFI17,82850.620000902453.361.89%47778344.791727182340.00
12/03/2020WBILMRK58933Y105MERCK & CO. INC10,98781.830000899066.211.88%47778344.791727182340.00
12/03/2020WBILMSFT594918104MICROSOFT CORP4,055215.370000873325.351.83%47778344.791727182340.00
12/03/2020WBILCOST22160K105COSTCO WHSL CORP NEW2,234383.500000856739.001.79%47778344.791727182340.00
12/03/2020WBILINTU461202103INTUIT1,228355.490000436541.720.91%47778344.791727182340.00
12/03/2020WBILCRSPH17182108CRISPR THERAPEUTICS AG2,581131.540000339504.740.71%47778344.791727182340.00
12/03/2020WBILVTRS92556V106VIATRIS INC3,12217.12500053464.250.11%47778344.791727182340.00
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Market Disruptions Resulting from COVID-19.  The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund.

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.