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

WBIF

WBI Bull|Bear
Value 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: 05/18/2022
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$28.68
- $0.96
0.28%
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: 05/18/2022
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
2,350,000
67.40
$28.70
4,765
0.07%
0.70% / 0.98%
Performance Month End
 As of: 04/30/2022
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-2.99%
-2.99%
0.52%
6.83%
8.31%
7.36%
Market
-3.14%
-3.14%
0.46%
6.97%
8.33%
7.36%
Performance Quarter End
 As of: 03/31/2022
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
2.55
3.62
3.62
11.88
10.73
8.10
Market
2.74
3.71
3.71
12.00
10.80
8.13

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. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please see the monthly performance table above.

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 0.70% of the average daily net assets for the Fund until at least October 31, 2022.

Fund Characteristics
 As of: 4/30/2022
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
4.18%
3.92%

WBIY Top Holdings
 As of: 05/19/2022
Security Name Weightings Shares
PHILLIPS 66
INTERNATIONAL BUSINESS MACHS COM
DOW INC
GILEAD SCIENCES INC
LYONDELLBASELL INDUSTRIES N V SHS - A -
KINDER MORGAN INC DEL
PHILIP MORRIS INTL INC
LUMEN TECHNOLOGIES INC
VERIZON COMMUNICATIONS INC
WALGREENS BOOTS ALLIANCE INC COM
5.70%
5.42%
5.23%
5.20%
5.10%
5.01%
4.82%
4.66%
4.64%
4.44%
40,196
27,491
51,170
55,425
31,141
174,947
30,602
275,791
64,018
73,489
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
05/19/2022WBIYPSX718546104PHILLIPS 6640,19695.5200003839521.925.70%67399645.002350000470.00
05/19/2022WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM27,491132.9400003654653.545.42%67399645.002350000470.00
05/19/2022WBIYDOW260557103DOW INC51,17068.9100003526124.705.23%67399645.002350000470.00
05/19/2022WBIYGILD375558103GILEAD SCIENCES INC55,42563.2200003503968.505.20%67399645.002350000470.00
05/19/2022WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -31,141110.3100003435163.715.10%67399645.002350000470.00
05/19/2022WBIYKMI49456B101KINDER MORGAN INC DEL174,94719.3000003376477.105.01%67399645.002350000470.00
05/19/2022WBIYPM718172109PHILIP MORRIS INTL INC30,602106.1800003249320.364.82%67399645.002350000470.00
05/19/2022WBIYLUMN550241103LUMEN TECHNOLOGIES INC275,79111.4000003144017.404.66%67399645.002350000470.00
05/19/2022WBIYVZ92343V104VERIZON COMMUNICATIONS INC64,01848.8900003129840.024.64%67399645.002350000470.00
05/19/2022WBIYWBA931427108WALGREENS BOOTS ALLIANCE INC COM73,48940.6925002990451.134.44%67399645.0023500004735091.00
05/19/2022WBIYFL344849104FOOT LOCKER INC79,92930.9200002471404.683.67%67399645.002350000470.00
05/19/2022WBIYMMM88579Y1013M CO13,512147.4400001992209.282.96%67399645.0023500004720132.88
05/19/2022WBIYAEO02553E106AMERICAN EAGLE OUTFITTERS INC COM145,40613.4800001960072.882.91%67399645.002350000470.00
05/19/2022WBIYNWL651229106NEWELL BRANDS INC90,72320.6700001875244.412.78%67399645.002350000470.00
05/19/2022WBIYWU959802109WESTERN UN CO96,77617.1500001659708.402.46%67399645.002350000470.00
05/19/2022WBIYBEN354613101FRANKLIN RESOURCES INC62,39925.2300001574326.772.34%67399645.002350000470.00
05/19/2022WBIYHBI410345102HANESBRANDS INC125,62312.0700001516269.612.25%67399645.002350000470.00
05/19/2022WBIYNYCB649445103NEW YORK CMNTY BANCORP INC141,8499.5900001360331.912.02%67399645.002350000470.00
05/19/2022WBIYCWH13462K109CAMPING WORLD HLDGS INC43,05028.2200001214871.001.80%67399645.002350000470.00
05/19/2022WBIYIP460146103INTERNATIONAL PAPER CO24,28748.3300001173790.711.74%67399645.002350000470.00
05/19/2022WBIYKHC500754106KRAFT HEINZ CO25,78839.0400001006763.521.49%67399645.002350000470.00
05/19/2022WBIYCash&OtherCash&OtherCash & Other970,4821.000000970482.441.44%67399645.00235000047Y
05/19/2022WBIYOMC681919106OMNICOM GROUP INC12,14777.000000935319.001.39%67399645.002350000470.00
05/19/2022WBIYPAGP72651A207PLAINS GP HLDGS L P81,02111.560000936602.761.39%67399645.002350000470.00
05/19/2022WBIYCBRL22410J106CRACKER BARREL OLD CTRY STORE COM8,43098.750000832462.501.24%67399645.002350000470.00
05/19/2022WBIYUNM91529Y106UNUM GROUP22,51835.180000792183.241.18%67399645.002350000470.00
05/19/2022WBIYFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM18,55340.930000759374.291.13%67399645.002350000470.00
05/19/2022WBIYPRU744320102PRUDENTIAL FINL INC6,941101.590000705136.191.05%67399645.002350000470.00
05/19/2022WBIYORI680223104OLD REP INTL CORP30,97822.890000709086.421.05%67399645.002350000470.00
05/19/2022WBIYNAVI63938C108NAVIENT CORPORATION44,97415.610000702044.141.04%67399645.002350000470.00
05/19/2022WBIYPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM9,30371.440000664606.320.99%67399645.002350000470.00
05/19/2022WBIYFNB302520101F N B CORP56,61611.500000651084.000.97%67399645.002350000470.00
05/19/2022WBIYFIBK32055Y201FIRST INTST BANCSYSTEM INC18,47034.000000627980.000.93%67399645.002350000470.00
05/19/2022WBIYHESM428103105HESS MIDSTREAM LP20,01129.760000595527.360.88%67399645.002350000470.00
05/19/2022WBIYRCII76009N100RENT A CTR INC NEW22,14726.300000582466.100.86%67399645.002350000470.00
05/19/2022WBIYUMPQ904214103UMPQUA HLDGS CORP30,76817.120000526748.160.78%67399645.002350000470.00
05/19/2022WBIYCWEN18539C204CLEARWAY ENERGY INC13,34533.160000442520.200.66%67399645.002350000470.00
05/19/2022WBIYGES401617105GUESS INC22,20620.170000447895.020.66%67399645.002350000470.00
05/19/2022WBIYMC60786M105MOELIS & CO10,15343.480000441452.440.65%67399645.002350000470.00
05/19/2022WBIYKTB50050N103KONTOOR BRANDS INC11,20937.260000417647.340.62%67399645.002350000470.00
05/19/2022WBIYEGLEY2187A150EAGLE BULK SHIPPING INC6,14865.120000400357.760.59%67399645.002350000470.00
05/19/2022WBIYAPAM04316A108ARTISAN PARTNERS ASSET MGMT IN CL A11,32535.270000399432.750.59%67399645.002350000470.00
05/19/2022WBIYGNKY2685T131GENCO SHIPPING & TRADING LTD SHS16,70921.440000358240.960.53%67399645.002350000470.00
05/19/2022WBIYFULT360271100FULTON FINL CORP PA22,02715.210000335030.670.50%67399645.002350000470.00
05/19/2022WBIYBGFV08915P101BIG 5 SPORTING GOODS CORP25,17112.190000306834.490.46%67399645.002350000470.00
05/19/2022WBIYFRG35180X105FRANCHISE GROUP INC7,38039.470000291288.600.43%67399645.002350000470.00
05/19/2022WBIYRGR864159108STURM RUGER & CO INC3,63763.560000231167.720.34%67399645.002350000470.00
05/19/2022WBIYHOPE43940T109HOPE BANCORP INC15,43813.950000215360.100.32%67399645.002350000470.00
05/19/2022WBIYMCY589400100MERCURY GENL CORP NEW3,93048.280000189740.400.28%67399645.002350000470.00
05/19/2022WBIYPFS74386T105PROVIDENT FINL SVCS INC6,69122.310000149276.210.22%67399645.002350000470.00
05/19/2022WBIYFFBC320209109FIRST FINL BANCORP OH6,19820.460000126811.080.19%67399645.002350000470.00
Premium/Discount
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Fund Information
 As of: 05/18/2022
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$19.30
$0.00
0.30%
Fund Goals

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

Prices
 As of: 05/18/2022
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,300,000
25.08
$19.29
1,096
-0.03%
0.88%
Performance Month End
 As of: 04/30/2022
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
-9.07%
-9.07%
-6.97%
0.36%
 
3.77%
Market
-9.25%
-9.25%
-7.00%
0.44%
 
3.73%
Performance Quarter End
 As of: 03/31/2022
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
3.23
2.31
2.31
11.32
 
7.41
Market
3.65
2.48
2.48
11.56
 
7.45

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. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please see the monthly performance table above.

Fund Characteristics
 As of: 4/30/2022
30-Day SEC Yield
0.62%

WBIT Top Holdings
 As of: 05/19/2022
Security Name Weightings Shares
ISHARES TR SHORT TREAS BD
SPDR SER TR BLOOMBERG 1-3 MO
SCHWAB STRATEGIC TR SHT TM US TRES
Cash & Other
45.12%
45.09%
9.04%
0.75%
102,685
123,707
45,945
188,010
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
05/19/2022WBITSHV464288679ISHARES TR SHORT TREAS BD102,685110.21000011316913.8545.12%25084540.001300000520.00
05/19/2022WBITBIL78468R663SPDR SER TR BLOOMBERG 1-3 MO123,70791.44000011311768.0845.09%25084540.001300000520.00
05/19/2022WBITSCHO808524862SCHWAB STRATEGIC TR SHT TM US TRES45,94549.3500002267385.759.04%25084540.001300000520.00
05/19/2022WBITCash&OtherCash&OtherCash & Other188,0101.000000188009.510.75%25084540.00130000052Y
Premium/Discount
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Fund Information
 As of: 05/18/2022
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$22.07
- $0.01
0.27%
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: 05/18/2022
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,900,000
41.94
$22.07
1,334
-0.03%
1.45%
Performance Month End
 As of: 04/30/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.17%
-2.17%
-10.15%
-7.59%
-0.29%
0.79
1.10%
Market
-2.04%
-2.04%
-10.21%
-7.50%
-0.27%
0.82
1.09%
Performance Quarter End
 As of: 03/31/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-3.59
-8.15
-8.15
-4.94
0.74
1.29
1.40
Market
-3.64
-8.34
-8.34
-5.14
0.72
1.29
1.37

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. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please see the monthly performance table above.

Fund Characteristics
 As of: 4/30/2022
30-Day SEC Yield
3.26%
WBII Top Holdings
 As of: 05/19/2022
Security Name Weightings Shares
Cash & Other
SCHWAB STRATEGIC TR SHT TM US TRES
NRG ENERGY INC
MERCK & CO INC
ISHARES TR SHORT TREAS BD
SPDR SER TR BLOOMBERG 1-3 MO
CHEVRON CORP NEW
HALLIBURTON CO
LUMEN TECHNOLOGIES INC
DIAMONDBACK ENERGY INC
49.20%
41.79%
2.51%
2.35%
0.99%
0.99%
0.62%
0.55%
0.54%
0.46%
20,632,413
355,075
22,982
10,678
3,784
4,559
1,535
6,433
20,000
1,500
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
05/19/2022WBIICash&OtherCash&OtherCash & Other20,632,4131.00000020632412.9249.20%41935850.00190000038Y
05/19/2022WBIISCHO808524862SCHWAB STRATEGIC TR SHT TM US TRES355,07549.35000017522951.2541.79%41935850.001900000380.00
05/19/2022WBIINRG629377508NRG ENERGY INC22,98245.7600001051656.322.51%41935850.001900000380.00
05/19/2022WBIIMRK58933Y105MERCK & CO INC10,67892.100000983443.802.35%41935850.001900000380.00
05/19/2022WBIISHV464288679ISHARES TR SHORT TREAS BD3,784110.210000417034.640.99%41935850.001900000380.00
05/19/2022WBIIBIL78468R663SPDR SER TR BLOOMBERG 1-3 MO4,55991.440000416874.960.99%41935850.001900000380.00
05/19/2022WBIICVX166764100CHEVRON CORP NEW1,535168.060000257972.100.62%41935850.001900000380.00
05/19/2022WBIIHAL406216101HALLIBURTON CO6,43336.000000231588.000.55%41935850.001900000380.00
05/19/2022WBIILUMN550241103LUMEN TECHNOLOGIES INC20,00011.400000228000.000.54%41935850.001900000380.00
05/19/2022WBIIFANG25278X109DIAMONDBACK ENERGY INC1,500128.360000192540.000.46%41935850.001900000380.00
Premium/Discount
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Fund Information
 As of: 05/18/2022
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$30.42
- $0.31
0.29%
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: 05/18/2022
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
1,438,315
43.75
$30.39
604
-0.12%
1.25% / 1.36%
Performance Month End
 As of: 04/30/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-4.20%
-4.20%
-1.30%
-2.01%
3.34%
4.38
3.56%
Market
-4.38%
-4.38%
-1.07%
-2.15%
3.33%
4.38
3.54%
Performance Quarter End
 As of: 03/31/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.57
3.02
3.02
7.82
5.70
5.54
4.18
Market
1.77
3.46
3.46
7.72
5.74
5.55
4.19

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. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please see the monthly performance table above.

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 1.25% of the average daily net assets for the Fund until at least October 31, 2022.

Fund Characteristics
 As of: 4/30/2022
30-Day SEC Yield
1.32%
WBIF Top Holdings
 As of: 05/19/2022
Security Name Weightings Shares
Cash & Other
BAKER HUGHES COMPANY
COTERRA ENERGY INC
GENERAL MLS INC
UNITEDHEALTH GROUP INC
BROADCOM INC
PHILIP MORRIS INTL INC
CHEVRON CORP NEW
DIAMONDBACK ENERGY INC
HALLIBURTON CO
70.81%
5.57%
4.50%
4.19%
3.82%
3.06%
2.55%
2.12%
1.90%
0.54%
30,981,241
70,348
64,100
27,124
3,546
2,347
10,515
5,514
6,490
6,538
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
05/19/2022WBIFCash&OtherCash&OtherCash & Other30,981,2411.00000030981240.9470.81%43753973.79143831528Y
05/19/2022WBIFBKR05722G100BAKER HUGHES COMPANY70,34834.6400002436854.725.57%43753973.791438315280.00
05/19/2022WBIFCTRA127097103COTERRA ENERGY INC64,10030.6900001967229.004.50%43753973.791438315280.00
05/19/2022WBIFGIS370334104GENERAL MLS INC27,12467.5700001832768.684.19%43753973.791438315280.00
05/19/2022WBIFUNH91324P102UNITEDHEALTH GROUP INC3,546471.3800001671513.483.82%43753973.791438315280.00
05/19/2022WBIFAVGO11135F101BROADCOM INC2,347570.5700001339127.793.06%43753973.791438315280.00
05/19/2022WBIFPM718172109PHILIP MORRIS INTL INC10,515106.1800001116482.702.55%43753973.791438315280.00
05/19/2022WBIFCVX166764100CHEVRON CORP NEW5,514168.060000926682.842.12%43753973.791438315280.00
05/19/2022WBIFFANG25278X109DIAMONDBACK ENERGY INC6,490128.360000833056.401.90%43753973.791438315280.00
05/19/2022WBIFHAL406216101HALLIBURTON CO6,53836.000000235368.000.54%43753973.791438315280.00
05/19/2022WBIFSLB806857108SCHLUMBERGER LTD5,15641.130000212066.280.48%43753973.791438315280.00
05/19/2022WBIFPXD723787107PIONEER NAT RES CO635271.080000172135.800.39%43753973.791438315280.00
05/19/2022WBIFREG3223R108EVEREST RE GROUP LTD100280.39000028039.000.06%43753973.791438315280.00
Premium/Discount
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Fund Information
 As of: 05/18/2022
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$26.86
- $0.39
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: 05/18/2022
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
1,480,183
39.76
$26.87
2,002
0.01%
1.25% / 1.27%
Performance Month End
 As of: 04/30/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-4.52%
-4.52%
0.75%
4.30%
4.51%
5.44
2.33%
Market
-4.72%
-4.72%
0.83%
4.29%
4.54%
5.41
2.32%
Performance Quarter End
 As of: 03/31/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
4.20
5.52
5.52
14.02
6.36
6.49
2.98
Market
4.49
5.83
5.83
14.20
6.45
6.50
3.00

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. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please see the monthly performance table above.

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 1.25% of the average daily net assets for the Fund until at least October 31, 2022.

Fund Characteristics
 As of: 4/30/2022
30-Day SEC Yield
1.78%
WBIG Top Holdings
 As of: 05/19/2022
Security Name Weightings Shares
Cash & Other
BAKER HUGHES COMPANY
ALTRIA GROUP INC
BRISTOL-MYERS SQUIBB CO
COTERRA ENERGY INC
DOW INC
GENERAL MLS INC
MOLSON COORS BEVERAGE CO
BROADCOM INC
PHILIP MORRIS INTL INC
54.25%
5.52%
4.93%
4.53%
4.50%
4.38%
4.19%
4.19%
4.16%
3.91%
21,569,053
63,362
36,811
23,395
58,285
25,283
24,685
31,798
2,898
14,654
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
05/19/2022WBIGCash&OtherCash&OtherCash & Other21,569,0531.00000021569053.3354.25%39761415.84148018329Y
05/19/2022WBIGBKR05722G100BAKER HUGHES COMPANY63,36234.6400002194859.685.52%39761415.841480183290.00
05/19/2022WBIGMO02209S103ALTRIA GROUP INC36,81153.2000001958345.204.93%39761415.841480183290.00
05/19/2022WBIGBMY110122108BRISTOL-MYERS SQUIBB CO23,39577.0200001801882.904.53%39761415.841480183290.00
05/19/2022WBIGCTRA127097103COTERRA ENERGY INC58,28530.6900001788766.654.50%39761415.841480183290.00
05/19/2022WBIGDOW260557103DOW INC25,28368.9100001742251.534.38%39761415.841480183290.00
05/19/2022WBIGGIS370334104GENERAL MLS INC24,68567.5700001667965.454.19%39761415.841480183290.00
05/19/2022WBIGTAP60871R209MOLSON COORS BEVERAGE CO31,79852.4400001667487.124.19%39761415.841480183290.00
05/19/2022WBIGAVGO11135F101BROADCOM INC2,898570.5700001653511.864.16%39761415.841480183290.00
05/19/2022WBIGPM718172109PHILIP MORRIS INTL INC14,654106.1800001555961.723.91%39761415.841480183290.00
05/19/2022WBIGLMT539830109LOCKHEED MARTIN CORP2,640434.3300001146631.202.88%39761415.841480183290.00
05/19/2022WBIGKHC500754106KRAFT HEINZ CO9,44839.040000368849.920.93%39761415.841480183290.00
05/19/2022WBIGCVX166764100CHEVRON CORP NEW1,417168.060000238141.020.60%39761415.841480183290.00
05/19/2022WBIGHAL406216101HALLIBURTON CO5,93936.000000213804.000.54%39761415.841480183290.00
05/19/2022WBIGSLB806857108SCHLUMBERGER LTD4,68341.130000192611.790.48%39761415.841480183290.00
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Fund Information
 As of: 05/18/2022
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$29.15
- $0.33
0.20%
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: 05/18/2022
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
1,327,182
38.69
$29.14
524
-0.04%
1.25% / 1.31%
Performance Month End
 As of: 04/30/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-5.88%
-5.88%
-5.78%
-1.62%
2.97%
4.39
2.78%
Market
-6.12%
-6.12%
-5.83%
-1.72%
2.97%
4.39
2.77%
Performance Quarter End
 As of: 03/31/2022
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.34
0.11
0.11
9.46
6.60
5.79
3.63
Market
1.57
0.30
0.30
9.52
6.70
5.80
3.66

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. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please see the monthly performance table above.

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 1.25% of the average daily net assets for the Fund until at least October 31, 2022.

Fund Characteristics
 As of: 4/30/2022
30-Day SEC Yield
0.79%
WBIL Top Holdings
 As of: 05/19/2022
Security Name Weightings Shares
Cash & Other
EOG RES INC
COTERRA ENERGY INC
CHUBB LIMITED
PROCTER AND GAMBLE CO
DOW INC
UNITEDHEALTH GROUP INC
SCHLUMBERGER LTD
CHEVRON CORP NEW
DIAMONDBACK ENERGY INC
65.75%
5.26%
4.52%
4.13%
4.11%
4.11%
3.91%
2.57%
2.16%
1.94%
25,437,949
16,603
56,936
7,712
10,968
23,066
3,213
24,191
4,978
5,859
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
05/19/2022WBILCash&OtherCash&OtherCash & Other25,437,9491.00000025437948.5165.75%38688151.61132718226Y
05/19/2022WBILEOG26875P101EOG RES INC16,603122.5800002035195.745.26%38688151.611327182260.00
05/19/2022WBILCTRA127097103COTERRA ENERGY INC56,93630.6900001747365.844.52%38688151.611327182260.00
05/19/2022WBILCBH1467J104CHUBB LIMITED7,712207.3100001598774.724.13%38688151.611327182260.00
05/19/2022WBILPG742718109PROCTER AND GAMBLE CO10,968145.0400001590798.724.11%38688151.611327182260.00
05/19/2022WBILDOW260557103DOW INC23,06668.9100001589478.064.11%38688151.611327182260.00
05/19/2022WBILUNH91324P102UNITEDHEALTH GROUP INC3,213471.3800001514543.943.91%38688151.611327182260.00
05/19/2022WBILSLB806857108SCHLUMBERGER LTD24,19141.130000994975.832.57%38688151.611327182260.00
05/19/2022WBILCVX166764100CHEVRON CORP NEW4,978168.060000836602.682.16%38688151.611327182260.00
05/19/2022WBILFANG25278X109DIAMONDBACK ENERGY INC5,859128.360000752061.241.94%38688151.611327182260.00
05/19/2022WBILTRV89417E109TRAVELERS COMPANIES INC1,300174.320000226616.000.59%38688151.611327182260.00
05/19/2022WBILHAL406216101HALLIBURTON CO5,81636.000000209376.000.54%38688151.611327182260.00
05/19/2022WBILPXD723787107PIONEER NAT RES CO565271.080000153160.200.40%38688151.611327182260.00
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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.