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: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.11
- $0.12
0.18%
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: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net/Gross Expense Ratio
1,900,000
45.82
$24.13
4,659
0.05%
0.70% / 0.77%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
4.45%
24.27%
-8.78%
-8.78%
0.27%
3.18%
Market
4.52%
24.26%
-8.50%
-8.50%
0.15%
3.18%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
4.45
24.27
-8.78
-8.78
0.27
3.18
Market
4.52
24.26
-8.50
-8.50
0.15
3.18

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: 12/31/2020
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
4.89%
4.52%

WBIY Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
PHILIP MORRIS INTL INC
AT&T INC
INTERNATIONAL BUSINESS MACHS COM
VERIZON COMMUNICATIONS INC
LYONDELLBASELL INDUSTRIES N V SHS - A -
ABBVIE INC
SEAGATE TECHNOLOGY PLC
LUMEN TECHNOLOGIES INC
INTERPUBLIC GROUP COS INC
OMNICOM GROUP INC
7.59%
7.55%
7.03%
4.67%
4.61%
4.58%
4.54%
4.15%
3.21%
2.63%
42,780
118,569
26,928
36,910
22,928
18,766
34,410
168,881
59,434
19,098
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBIYPM718172109PHILIP MORRIS INTL INC42,78080.6800003451490.407.59%45458260.001900000380.00
01/25/2021WBIYT00206R102AT&T INC118,56928.9300003430201.177.55%45458260.001900000380.00
01/25/2021WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM26,928118.6100003193930.087.03%45458260.001900000380.00
01/25/2021WBIYVZ92343V104VERIZON COMMUNICATIONS INC36,91057.4700002121217.704.67%45458260.001900000380.00
01/25/2021WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -22,92891.4800002097453.444.61%45458260.001900000380.00
01/25/2021WBIYABBV00287Y109ABBVIE INC18,766110.8600002080398.764.58%45458260.001900000380.00
01/25/2021WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC34,41060.0000002064600.004.54%45458260.001900000380.00
01/25/2021WBIY550241103550241103LUMEN TECHNOLOGIES INC168,88111.1700001886400.774.15%45458260.001900000380.00
01/25/2021WBIYIPG460690100INTERPUBLIC GROUP COS INC59,43424.5800001460887.723.21%45458260.001900000380.00
01/25/2021WBIYOMC681919106OMNICOM GROUP INC19,09862.5700001194961.862.63%45458260.001900000380.00
01/25/2021WBIYHRB093671105BLOCK H & R INC53,34716.680000889827.961.96%45458260.001900000380.00
01/25/2021WBIYIP460146103INTERNATIONAL PAPER CO16,74051.630000864286.201.90%45458260.001900000380.00
01/25/2021WBIYBGS05508R106B & G FOODS INC NEW27,69130.050000832114.551.83%45458260.001900000380.00
01/25/2021WBIYETH297602104ETHAN ALLEN INTERIORS INC33,20124.250000805124.251.77%45458260.001900000380.00
01/25/2021WBIYRGP76122Q105RESOURCES CONNECTION INC63,59912.620000802619.381.77%45458260.001900000380.00
01/25/2021WBIYSGU85512C105STAR GROUP L P81,4179.730000792187.411.74%45458260.001900000380.00
01/25/2021WBIYSPTN847215100SPARTANNASH CO42,63218.100000771639.201.70%45458260.001900000380.00
01/25/2021WBIYVGR92240M108VECTOR GROUP LTD63,18512.160000768329.601.69%45458260.001900000380.00
01/25/2021WBIYSPKE846511103SPARK ENERGY INC70,53710.870000766737.191.69%45458260.001900000380.00
01/25/2021WBIYSWM808541106SCHWEITZER-MAUDUIT INTL INC18,08641.350000747856.101.65%45458260.001900000380.00
01/25/2021WBIYVLGEA927107409VILLAGE SUPER MKT INC34,06121.820000743211.021.63%45458260.001900000380.00
01/25/2021WBIYSXC86722A103SUNCOKE ENERGY INC131,7335.610000739022.131.63%45458260.001900000380.00
01/25/2021WBIYGNE372284208GENIE ENERGY LTD97,4767.520000733019.521.61%45458260.001900000380.00
01/25/2021WBIYXRX98421M106XEROX HOLDINGS CORP34,48921.070000726683.231.60%45458260.001900000380.00
01/25/2021WBIYUVV913456109UNIVERSAL CORP VA14,74548.710000718228.951.58%45458260.001900000380.00
01/25/2021WBIYCash&OtherCash&OtherCash & Other568,4231.000000568423.021.25%45458260.00190000038Y
01/25/2021WBIYPBCT712704105PEOPLES UNITED FINANCIAL INC COM36,88414.040000517851.361.14%45458260.001900000380.00
01/25/2021WBIYPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM8,70553.460000465369.301.02%45458260.001900000380.00
01/25/2021WBIYCMA200340107COMERICA INC7,23762.160000449851.920.99%45458260.001900000380.00
01/25/2021WBIYUNM91529Y106UNUM GROUP17,40425.400000442061.600.97%45458260.001900000380.00
01/25/2021WBIYUBFO911460103UNITED SEC BANCSHARES CALIF56,0377.620000427001.940.94%45458260.001900000380.00
01/25/2021WBIYPFBI74050M105PREMIER FINL BANCORP INC26,95415.880000428029.520.94%45458260.001900000380.00
01/25/2021WBIYUNB905400107UNION BANKSHARES INC15,72826.700000419937.600.92%45458260.001900000380.00
01/25/2021WBIYISBC46146L101INVESTORS BANCORP INC NEW34,86611.990000418043.340.92%45458260.001900000380.00
01/25/2021WBIYMCY589400100MERCURY GENL CORP NEW7,63753.380000407663.060.90%45458260.001900000380.00
01/25/2021WBIYFHN320517105FIRST HORIZON CORPORATION28,10014.560000409136.000.90%45458260.001900000380.00
01/25/2021WBIYFRAF353525108FRANKLIN FINL SVCS CORP14,24028.380000404131.200.89%45458260.001900000380.00
01/25/2021WBIYWDR930059100WADDELL & REED FINL INC15,86625.080000397919.280.88%45458260.001900000380.00
01/25/2021WBIYSC80283M101SANTANDER CONSUMER USA HDG INC COM16,99323.400000397636.200.87%45458260.001900000380.00
01/25/2021WBIYPWOD708430103PENNS WOODS BANCORP INC16,83423.430000394420.620.87%45458260.001900000380.00
01/25/2021WBIYBFIN06643P104BANKFINANCIAL CORP43,5649.070000395125.480.87%45458260.001900000380.00
01/25/2021WBIYNYCB649445103NEW YORK CMNTY BANCORP INC35,69611.040000394083.840.87%45458260.001900000380.00
01/25/2021WBIYORI680223104OLD REP INTL CORP21,20018.390000389868.000.86%45458260.001900000380.00
01/25/2021WBIYCFFI12466Q104C & F FINL CORP9,88339.480000390180.840.86%45458260.001900000380.00
01/25/2021WBIYSAFT78648T100SAFETY INS GROUP INC5,02077.380000388447.600.85%45458260.001900000380.00
01/25/2021WBIYATLO031001100AMES NATL CORP15,84124.470000387629.270.85%45458260.001900000380.00
01/25/2021WBIYSNV87161C501SYNOVUS FINL CORP10,24737.290000382110.630.84%45458260.001900000380.00
01/25/2021WBIYASB045487105ASSOCIATED BANC CORP19,56219.320000377937.840.83%45458260.001900000380.00
01/25/2021WBIYFNLC31866P102FIRST BANCORP INC ME14,51626.090000378722.440.83%45458260.001900000380.00
01/25/2021WBIYHOPE43940T109HOPE BANCORP INC30,06012.420000373345.200.82%45458260.001900000380.00
01/25/2021WBIYNAVI63938C108NAVIENT CORPORATION32,80711.280000370062.960.81%45458260.001900000380.00
Premium/Discount
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Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$20.16
- $0.02
0.35%
Fund Goals

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

Prices
As of: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,475,000
29.73
$20.12
2,756
-0.18%
0.89%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
2.15%
10.18%
2.08%
2.08%
 
5.97%
Market
2.10%
9.96%
2.05%
2.05%
 
5.97%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
2.15
10.18
2.08
2.08
 
5.97
Market
2.10
9.96
2.05
2.05
 
5.97

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: 12/31/2020
30-Day SEC Yield
4.49%

WBIT Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
Cash & Other
39.84%
39.67%
20.03%
0.46%
285,998
234,643
184,787
135,164
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBITUSHY46435U853ISHARES TR BROAD USD HIGH285,99841.30000011811717.4039.84%29644992.501475000590.00
01/25/2021WBITHYLB233051432DBX ETF TR XTRACK USD HIGH234,64350.12000011760307.1639.67%29644992.501475000590.00
01/25/2021WBITANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG184,78732.1300005937206.3120.03%29644992.501475000590.00
01/25/2021WBITCash&OtherCash&OtherCash & Other135,1641.000000135163.970.46%29644992.50147500059Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$17.26
- $0.02
0.35%
Fund Goals

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

Prices
As of: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
850,000
14.67
$17.25
2,562
-0.08%
0.93%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
2.14%
4.44%
-8.49%
-8.49%
 
-3.44%
Market
2.25%
4.50%
-8.47%
-8.47%
 
-3.50%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
2.14
4.44
-8.49
-8.49
 
-3.44
Market
2.25
4.50
-8.47
-8.47
 
-3.50

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: 12/31/2020
30-Day SEC Yield
4.44%

WBIN Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
Cash & Other
40.37%
40.16%
18.77%
0.70%
143,021
117,245
85,487
101,979
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBINUSHY46435U853ISHARES TR BROAD USD HIGH143,02141.3000005906767.3040.37%14632070.00850000340.00
01/25/2021WBINHYLB233051432DBX ETF TR XTRACK USD HIGH117,24550.1200005876319.4040.16%14632070.00850000340.00
01/25/2021WBINANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG85,48732.1300002746697.3118.77%14632070.00850000340.00
01/25/2021WBINCash&OtherCash&OtherCash & Other101,9791.000000101978.950.70%14632070.0085000034Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.87
- $0.05
0.12%
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: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,400,000
59.69
$24.83
6,706
-0.17%
1.22%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.91%
4.83%
1.41%
1.41%
3.13%
3.24
2.56%
Market
1.96%
4.67%
1.33%
1.33%
3.07%
3.21
2.52%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.91
4.83
1.41
1.41
3.13
3.24
2.56
Market
1.96
4.67
1.33
1.33
3.07
3.21
2.52

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: 12/31/2020
30-Day SEC Yield
3.64%
WBII Top Holdings
As of: 01/25/2021
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
33.05%
27.60%
27.19%
7.29%
3.87%
0.99%
392,416
511,207
391,742
40,176
23,931
591,312
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBIIHYLB233051432DBX ETF TR XTRACK USD HIGH392,41650.12000019667889.9233.05%59509680.002400000480.00
01/25/2021WBIIANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG511,20732.13000016425080.9127.60%59509680.002400000480.00
01/25/2021WBIIUSHY46435U853ISHARES TR BROAD USD HIGH391,74241.30000016178944.6027.19%59509680.002400000480.00
01/25/2021WBIIVCLT92206C813VANGUARD SCOTTSDALE FDS LG-TERM COR BD40,176108.0100004339409.767.29%59509680.002400000480.00
01/25/2021WBIIVCIT92206C870VANGUARD SCOTTSDALE FDS INT-TERM CORP23,93196.3200002305033.923.87%59509680.002400000480.00
01/25/2021WBIICash&OtherCash&OtherCash & Other591,3121.000000591311.870.99%59509680.00240000048Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$29.07
- $0.19
0.17%
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: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,296,278
37.68
$29.06
4,975
-0.05%
1.24%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-1.85%
4.33%
1.18%
1.18%
3.71%
4.94
2.71%
Market
-1.95%
3.94%
1.34%
1.34%
3.54%
4.83
2.68%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-1.85
4.33
1.18
1.18
3.71
4.94
2.71
Market
-1.95
3.94
1.34
1.34
3.54
4.83
2.68

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: 12/31/2020
30-Day SEC Yield
0.70%
WBIE Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
Cash & Other
FORTUNE BRANDS HOME & SEC INC COM
BOOZ ALLEN HAMILTON HLDG CORP CL A
CIGNA CORP NEW
PRIMERICA INC
YUM BRANDS INC
NEWMONT CORP
HP INC
TEXAS INSTRS INC
L3HARRIS TECHNOLOGIES INC
5.84%
4.99%
4.89%
4.80%
4.73%
4.51%
4.48%
4.42%
4.33%
4.31%
2,194,917
20,272
19,167
8,068
13,057
15,820
27,240
65,739
9,417
8,800
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBIECash&OtherCash&OtherCash & Other2,194,9171.0000002194916.915.84%37570803.04129627825Y
01/25/2021WBIEFBHS34964C106FORTUNE BRANDS HOME & SEC INC COM20,27292.5700001876579.044.99%37570803.041296278250.00
01/25/2021WBIEBAH099502106BOOZ ALLEN HAMILTON HLDG CORP CL A19,16795.9300001838690.314.89%37570803.041296278250.00
01/25/2021WBIECI125523100CIGNA CORP NEW8,068223.4200001802552.564.80%37570803.041296278250.00
01/25/2021WBIEPRI74164M108PRIMERICA INC13,057135.9800001775490.864.73%37570803.041296278250.00
01/25/2021WBIEYUM988498101YUM BRANDS INC15,820107.0900001694163.804.51%37570803.041296278250.00
01/25/2021WBIENEM651639106NEWMONT CORP27,24061.7500001682070.004.48%37570803.041296278250.00
01/25/2021WBIEHPQ40434L105HP INC65,73925.2700001661224.534.42%37570803.041296278250.00
01/25/2021WBIETXN882508104TEXAS INSTRS INC9,417172.8100001627351.774.33%37570803.041296278250.00
01/25/2021WBIELHX502431109L3HARRIS TECHNOLOGIES INC8,800183.8000001617440.004.31%37570803.041296278250.00
01/25/2021WBIEHII446413106HUNTINGTON INGALLS INDS INC9,446167.6400001583527.444.21%37570803.041296278250.00
01/25/2021WBIEPGR743315103PROGRESSIVE CORP16,98692.3100001567977.664.17%37570803.041296278250.00
01/25/2021WBIEBWXT05605H100BWX TECHNOLOGIES INC26,34358.1800001532635.744.08%37570803.041296278250.00
01/25/2021WBIESHW824348106SHERWIN WILLIAMS CO2,090732.1700001530235.304.07%37570803.041296278250.00
01/25/2021WBIEBR11133T103BROADRIDGE FINL SOLUTIONS INC COM10,162148.9400001513528.284.03%37570803.041296278250.00
01/25/2021WBIESTZ21036P108CONSTELLATION BRANDS INC6,276226.9100001424087.163.79%37570803.041296278250.00
01/25/2021WBIEEXPD302130109EXPEDITORS INTL WASH INC14,75593.7700001383576.353.68%37570803.041296278250.00
01/25/2021WBIEUPS911312106UNITED PARCEL SERVICE INC8,572158.9900001362862.283.63%37570803.041296278250.00
01/25/2021WBIELOW548661107LOWES COS INC7,919172.4000001365235.603.63%37570803.041296278250.00
01/25/2021WBIEPFE717081103PFIZER INC28,70636.5500001049204.302.79%37570803.041296278250.00
01/25/2021WBIESHOP82509L107SHOPIFY INC7691196.700000920262.302.45%37570803.041296278250.00
01/25/2021WBIEDOXG02602103AMDOCS LTD11,68770.780000827205.862.20%37570803.041296278250.00
01/25/2021WBIEIRM46284V101IRON MTN INC NEW25,57830.150000771176.702.05%37570803.041296278250.00
01/25/2021WBIETJX872540109TJX COS INC NEW10,77366.910000720821.431.92%37570803.041296278250.00
01/25/2021WBIEMSFT594918104MICROSOFT CORP3,145225.950000710612.751.89%37570803.041296278250.00
01/25/2021WBIEPHM745867101PULTE GROUP INC13,21448.890000646032.461.72%37570803.041296278250.00
01/25/2021WBIEFITB316773100FIFTH THIRD BANCORP14,98830.900000463129.201.23%37570803.041296278250.00
01/25/2021WBIEJNJ478160104JOHNSON & JOHNSON2,479163.550000405440.451.08%37570803.041296278250.00
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Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$28.20
- $0.20
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 consistent fundamentals and strong value characteristics

Prices
As of: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,338,315
37.74
$28.17
4,335
-0.10%
1.25%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-1.37%
3.67%
-2.63%
-2.63%
-1.38%
4.27
2.00%
Market
-1.38%
3.46%
-2.71%
-2.71%
-1.53%
4.19
1.98%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-1.37
3.67
-2.63
-2.63
-1.38
4.27
2.00
Market
-1.38
3.46
-2.71
-2.71
-1.53
4.19
1.98

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: 12/31/2020
30-Day SEC Yield
0.83%
WBIF Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
Cash & Other
NEWELL BRANDS INC
DICKS SPORTING GOODS INC
INTERPUBLIC GROUP COS INC
AMGEN INC
ALTRIA GROUP INC
OLD REP INTL CORP
JEFFERIES FINL GROUP INC
AON PLC
LENNAR CORP
10.27%
5.34%
4.94%
4.78%
4.57%
4.57%
4.45%
4.42%
4.06%
4.04%
3,866,592
81,174
27,331
73,203
6,784
41,128
91,161
66,361
7,409
18,000
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBIFCash&OtherCash&OtherCash & Other3,866,5921.0000003866592.0510.27%37666608.01133831526Y
01/25/2021WBIFNWL651229106NEWELL BRANDS INC81,17424.8000002013115.205.34%37666608.011338315260.00
01/25/2021WBIFDKS253393102DICKS SPORTING GOODS INC27,33168.1200001861787.724.94%37666608.011338315260.00
01/25/2021WBIFIPG460690100INTERPUBLIC GROUP COS INC73,20324.5800001799329.744.78%37666608.011338315260.00
01/25/2021WBIFAMGN031162100AMGEN INC6,784253.5000001719744.004.57%37666608.011338315260.00
01/25/2021WBIFMO02209S103ALTRIA GROUP INC41,12841.8300001720384.244.57%37666608.011338315260.00
01/25/2021WBIFORI680223104OLD REP INTL CORP91,16118.3900001676450.794.45%37666608.011338315260.00
01/25/2021WBIFJEF47233W109JEFFERIES FINL GROUP INC66,36125.1000001665661.104.42%37666608.011338315260.00
01/25/2021WBIFAONG0403H108AON PLC7,409206.4600001529662.144.06%37666608.011338315260.00
01/25/2021WBIFLEN526057104LENNAR CORP18,00084.6200001523160.004.04%37666608.011338315260.00
01/25/2021WBIFTROW74144T108PRICE T ROWE GROUP INC9,684156.2100001512737.644.02%37666608.011338315260.00
01/25/2021WBIFHSY427866108HERSHEY CO10,166148.2000001506601.204.00%37666608.011338315260.00
01/25/2021WBIFUPS911312106UNITED PARCEL SERVICE INC8,851158.9900001407220.493.74%37666608.011338315260.00
01/25/2021WBIFLOW548661107LOWES COS INC8,072172.4000001391612.803.69%37666608.011338315260.00
01/25/2021WBIFDG256677105DOLLAR GEN CORP NEW6,737206.2100001389236.773.69%37666608.011338315260.00
01/25/2021WBIFTOL889478103TOLL BROTHERS INC24,52850.8200001246512.963.31%37666608.011338315260.00
01/25/2021WBIFDIS254687106DISNEY WALT CO6,080172.7800001050502.402.79%37666608.011338315260.00
01/25/2021WBIFPFE717081103PFIZER INC28,68236.5500001048327.102.78%37666608.011338315260.00
01/25/2021WBIFMRK58933Y105MERCK & CO. INC12,11580.980000981072.702.60%37666608.011338315260.00
01/25/2021WBIFLHX502431109L3HARRIS TECHNOLOGIES INC5,160183.800000948408.002.52%37666608.011338315260.00
01/25/2021WBIFSHOP82509L107SHOPIFY INC7631196.700000913082.102.42%37666608.011338315260.00
01/25/2021WBIFPII731068102POLARIS INC7,563118.730000897954.992.38%37666608.011338315260.00
01/25/2021WBIFNLSNG6518L108NIELSEN HLDGS PLC37,00021.730000804010.002.13%37666608.011338315260.00
01/25/2021WBIFTJX872540109TJX COS INC NEW10,61866.910000710450.381.89%37666608.011338315260.00
01/25/2021WBIFMSFT594918104MICROSOFT CORP3,088225.950000697733.601.85%37666608.011338315260.00
01/25/2021WBIFTTG8994E103TRANE TECHNOLOGIES PLC4,045152.670000617550.151.64%37666608.011338315260.00
01/25/2021WBIFJNJ478160104JOHNSON & JOHNSON2,509163.550000410346.951.09%37666608.011338315260.00
01/25/2021WBIFBBY086516101BEST BUY INC3,420114.930000393060.601.04%37666608.011338315260.00
01/25/2021WBIFMMC571748102MARSH & MCLENNAN COS INC2,950111.520000328984.000.87%37666608.011338315260.00
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Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.10
- $0.04
0.25%
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: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,130,183
51.33
$24.06
7,807
-0.17%

1.14%

Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-0.80%
4.01%
-3.46%
-3.46%
-1.55%
3.13
0.35%
Market
-0.93%
3.53%
-3.30%
-3.30%
-1.68%
3.01
0.30%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-0.80
4.01
-3.46
-3.46
-1.55
3.13
0.35
Market
-0.93
3.53
-3.30
-3.30
-1.68
3.01
0.30

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: 12/31/2020
30-Day SEC Yield
1.53%
WBIG Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
DICKS SPORTING GOODS INC
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM
TOLL BROTHERS INC
NEWELL BRANDS INC
VISTRA CORP
OLD REP INTL CORP
KRAFT HEINZ CO
AMGEN INC
FIFTH THIRD BANCORP
HP INC
4.94%
4.93%
4.89%
4.81%
4.81%
4.59%
4.50%
4.41%
4.40%
4.38%
37,156
64,073
49,330
99,334
115,493
128,100
70,098
8,927
72,998
88,831
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBIGDKS253393102DICKS SPORTING GOODS INC37,15668.1200002531066.724.94%51268179.352130183420.00
01/25/2021WBIGFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM64,07339.4400002527039.124.93%51268179.352130183420.00
01/25/2021WBIGTOL889478103TOLL BROTHERS INC49,33050.8200002506950.604.89%51268179.352130183420.00
01/25/2021WBIGNWL651229106NEWELL BRANDS INC99,33424.8000002463483.204.81%51268179.352130183420.00
01/25/2021WBIGVST92840M102VISTRA CORP115,49321.3400002464620.624.81%51268179.352130183420.00
01/25/2021WBIGORI680223104OLD REP INTL CORP128,10018.3900002355759.004.59%51268179.352130183420.00
01/25/2021WBIGKHC500754106KRAFT HEINZ CO70,09832.9100002306925.184.50%51268179.352130183420.00
01/25/2021WBIGAMGN031162100AMGEN INC8,927253.5000002262994.504.41%51268179.352130183420.00
01/25/2021WBIGFITB316773100FIFTH THIRD BANCORP72,99830.9000002255638.204.40%51268179.352130183420.00
01/25/2021WBIGHPQ40434L105HP INC88,83125.2700002244759.374.38%51268179.352130183420.00
01/25/2021WBIGAIZ04621X108ASSURANT INC16,400134.9000002212360.004.32%51268179.352130183420.00
01/25/2021WBIGKR501044101KROGER CO66,05833.5600002216906.484.32%51268179.352130183420.00
01/25/2021WBIGMO02209S103ALTRIA GROUP INC51,94341.8300002172775.694.24%51268179.352130183420.00
01/25/2021WBIGTRV89417E109TRAVELERS COMPANIES INC14,853145.8400002166161.524.23%51268179.352130183420.00
01/25/2021WBIGGLW219350105CORNING INC55,93937.6000002103306.404.10%51268179.352130183420.00
01/25/2021WBIGUPS911312106UNITED PARCEL SERVICE INC11,924158.9900001895796.763.70%51268179.352130183420.00
01/25/2021WBIGPM718172109PHILIP MORRIS INTL INC19,51180.6800001574147.483.07%51268179.352130183420.00
01/25/2021WBIGPFE717081103PFIZER INC39,20336.5500001432869.652.79%51268179.352130183420.00
01/25/2021WBIGMDU552690109MDU RES GROUP INC48,23527.7300001337556.552.61%51268179.352130183420.00
01/25/2021WBIGIRM46284V101IRON MTN INC NEW43,37130.1500001307635.652.55%51268179.352130183420.00
01/25/2021WBIGSHOP82509L107SHOPIFY INC1,0611196.7000001269698.702.48%51268179.352130183420.00
01/25/2021WBIGPHM745867101PULTE GROUP INC23,65148.8900001156297.392.26%51268179.352130183420.00
01/25/2021WBIGDG256677105DOLLAR GEN CORP NEW4,792206.210000988158.321.93%51268179.352130183420.00
01/25/2021WBIGTJX872540109TJX COS INC NEW14,74166.910000986320.311.92%51268179.352130183420.00
01/25/2021WBIGAONG0403H108AON PLC4,729206.460000976349.341.90%51268179.352130183420.00
01/25/2021WBIGMSFT594918104MICROSOFT CORP4,299225.950000971359.051.89%51268179.352130183420.00
01/25/2021WBIGPB743606105PROSPERITY BANCSHARES INC11,36470.250000798321.001.56%51268179.352130183420.00
01/25/2021WBIGLOW548661107LOWES COS INC4,496172.400000775110.401.51%51268179.352130183420.00
01/25/2021WBIGJNJ478160104JOHNSON & JOHNSON3,365163.550000550345.751.07%51268179.352130183420.00
01/25/2021WBIGCash&OtherCash&OtherCash & Other455,7141.000000455713.830.89%51268179.35213018342Y
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Fund Information
As of: 01/21/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$28.38
- $0.13
0.28%
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: 01/21/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,677,182
47.60
$28.35
5,321
-0.10%
1.23%
Performance Month End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-3.09%
1.39%
-2.06%
-2.06%
-0.26%
4.26
1.61%
Market
-3.17%
0.95%
-2.19%
-2.19%
-0.40%
4.13
1.56%
Performance Quarter End
As of: 12/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-3.09
1.39
-2.06
-2.06
-0.26
4.26
1.61
Market
-3.17
0.95
-2.19
-2.19
-0.40
4.13
1.56

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: 12/31/2020
30-Day SEC Yield
0.37%
WBIL Top Holdings
As of: 01/25/2021
Security Name Weightings Shares
LOWES COS INC
LENNAR CORP
KLA CORP
BOOZ ALLEN HAMILTON HLDG CORP CL A
POLARIS INC
BRUNSWICK CORP
TRACTOR SUPPLY CO
FORTUNE BRANDS HOME & SEC INC COM
PRIMERICA INC
NEXSTAR MEDIA GROUP INC
5.07%
4.87%
4.86%
4.84%
4.80%
4.74%
4.71%
4.65%
4.34%
4.31%
13,981
27,357
7,571
23,990
19,204
25,046
14,383
23,874
15,161
18,967
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/25/2021WBILLOW548661107LOWES COS INC13,981172.4000002410324.405.07%47524293.721677182330.00
01/25/2021WBILLEN526057104LENNAR CORP27,35784.6200002314949.344.87%47524293.721677182330.00
01/25/2021WBILKLAC482480100KLA CORP7,571305.0100002309230.714.86%47524293.721677182330.00
01/25/2021WBILBAH099502106BOOZ ALLEN HAMILTON HLDG CORP CL A23,99095.9300002301360.704.84%47524293.721677182330.00
01/25/2021WBILPII731068102POLARIS INC19,204118.7300002280090.924.80%47524293.721677182330.00
01/25/2021WBILBC117043109BRUNSWICK CORP25,04689.9300002252386.784.74%47524293.721677182330.00
01/25/2021WBILTSCO892356106TRACTOR SUPPLY CO14,383155.6200002238282.464.71%47524293.721677182330.00
01/25/2021WBILFBHS34964C106FORTUNE BRANDS HOME & SEC INC COM23,87492.5700002210016.184.65%47524293.721677182330.00
01/25/2021WBILPRI74164M108PRIMERICA INC15,161135.9800002061592.784.34%47524293.721677182330.00
01/25/2021WBILNXST65336K103NEXSTAR MEDIA GROUP INC18,967108.0000002048436.004.31%47524293.721677182330.00
01/25/2021WBILSHW824348106SHERWIN WILLIAMS CO2,795732.1700002046415.154.31%47524293.721677182330.00
01/25/2021WBILACNG1151C101ACCENTURE PLC IRELAND7,927254.7700002019561.794.25%47524293.721677182330.00
01/25/2021WBILJ469814107JACOBS ENGR GROUP INC18,142111.0100002013943.424.24%47524293.721677182330.00
01/25/2021WBILPGR743315103PROGRESSIVE CORP21,45692.3100001980603.364.17%47524293.721677182330.00
01/25/2021WBILAJG363576109GALLAGHER ARTHUR J & CO15,960117.8400001880726.403.96%47524293.721677182330.00
01/25/2021WBILAMAT038222105APPLIED MATLS INC17,715106.3300001883635.953.96%47524293.721677182330.00
01/25/2021WBILCash&OtherCash&OtherCash & Other1,866,6931.0000001866692.983.93%47524293.72167718233Y
01/25/2021WBILUPS911312106UNITED PARCEL SERVICE INC10,659158.9900001694674.413.57%47524293.721677182330.00
01/25/2021WBILINTU461202103INTUIT4,143374.8500001553003.553.27%47524293.721677182330.00
01/25/2021WBILPFE717081103PFIZER INC36,03136.5500001316933.052.77%47524293.721677182330.00
01/25/2021WBILEBAY278642103EBAY INC.21,32956.4600001204235.342.53%47524293.721677182330.00
01/25/2021WBILSHOP82509L107SHOPIFY INC9641196.7000001153618.802.43%47524293.721677182330.00
01/25/2021WBILIRM46284V101IRON MTN INC NEW31,91330.150000962176.952.02%47524293.721677182330.00
01/25/2021WBILMSFT594918104MICROSOFT CORP3,936225.950000889339.201.87%47524293.721677182330.00
01/25/2021WBILPNRG7S00T104PENTAIR PLC14,58057.980000845348.401.78%47524293.721677182330.00
01/25/2021WBILJNJ478160104JOHNSON & JOHNSON3,106163.550000507986.301.07%47524293.721677182330.00
01/25/2021WBILWMT931142103WALMART INC3,119146.330000456403.270.96%47524293.721677182330.00
01/25/2021WBILABC03073E105AMERISOURCEBERGEN CORP3,995107.760000430501.200.91%47524293.721677182330.00
01/25/2021WBILYUM988498101YUM BRANDS INC3,396107.090000363677.640.77%47524293.721677182330.00
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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.