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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.

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

WBIG

WBI Bull|Bear
Yield 3000 ETF

WBIL

WBI Bull|Bear
Quality 3000 ETF

ALL FUNDS

Fund Information
 As of: 09/18/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$36.60
- $0.36
0.16%
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: 09/18/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,680,000
61.49
$35.82
644
-2.13%
1.00%
Performance Month End
 As of: 08/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 12/19/2016
NAV
5.13%
10.69%
23.41%
27.01%
18.08%
11.96
9.87%
Market
5.18%
10.68%
23.52%
27.24%
18.11%
11.96
9.87%
Performance Quarter End
 As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 12/19/2016
NAV
-0.47
4.11
11.49
24.88
15.71
10.04
8.88
Market
-0.39
4.11
11.60
24.97
15.70
10.02
8.89

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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: 7/31/2026
30-Day SEC Yield  
4.73%
 

WBIY Top Holdings
 As of: 09/22/2026
Security Name Weightings Shares
AT&T Inc
Verizon Communications Inc
Pfizer Inc
HP Inc
Altria Group Inc
Comcast Corp
PepsiCo Inc
Nexstar Media Group Inc
Blue Owl Capital Inc
United Parcel Service Inc
5.69%
5.45%
5.22%
4.85%
4.71%
4.67%
4.57%
4.55%
4.06%
3.97%
137,126
70,104
115,529
90,361
42,123
125,064
21,628
16,815
248,730
25,721
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/22/2026WBIYT00206R102AT&T Inc137,12625.4500003489856.705.69%61345032.001680000168.0000000000000.00
09/22/2026WBIYVZ92343V104Verizon Communications Inc70,10447.6800003342558.725.45%61345032.001680000168.0000000000000.00
09/22/2026WBIYPFE717081103Pfizer Inc115,52927.7400003204774.465.22%61345032.001680000168.0000000000000.00
09/22/2026WBIYHPQ40434L105HP Inc90,36132.9500002977394.954.85%61345032.001680000168.0000000000000.00
09/22/2026WBIYMO02209S103Altria Group Inc42,12368.5300002886689.194.71%61345032.001680000168.0000000000000.00
09/22/2026WBIYCMCSA20030N101Comcast Corp125,06422.9300002867717.524.67%61345032.001680000168.0000000000000.00
09/22/2026WBIYPEP713448108PepsiCo Inc21,628129.5900002802772.524.57%61345032.001680000168.0000000000000.00
09/22/2026WBIYNXST65336K103Nexstar Media Group Inc16,815166.1500002793812.254.55%61345032.001680000168.0000000000000.00
09/22/2026WBIYOWL09581B103Blue Owl Capital Inc248,73010.0200002492274.604.06%61345032.001680000168.0000000000000.00
09/22/2026WBIYUPS911312106United Parcel Service Inc25,72194.7500002437064.753.97%61345032.001680000168.0000000000000.00
09/22/2026WBIYEMN277432100Eastman Chemical Co26,32865.0900001713689.522.79%61345032.001680000168.0000000000000.00
09/22/2026WBIYHESM428103105Hess Midstream LP37,34939.5800001478273.422.41%61345032.001680000168.0000000000000.00
09/22/2026WBIYACNG1151C101Accenture PLC7,478186.1100001391730.582.27%61345032.001680000168.0000000000000.00
09/22/2026WBIYBBY086516101Best Buy Co Inc12,24293.2200001141199.241.86%61345032.001680000168.0000000000000.00
09/22/2026WBIYDOXG02602103Amdocs Ltd18,67559.4800001110789.001.81%61345032.001680000168.0000000000000.00
09/22/2026WBIYAES00130H105AES Corp/The72,22314.8300001071067.091.75%61345032.001680000168.0000000000000.00
09/22/2026WBIYOMF68268W103OneMain Holdings Inc17,75760.4400001073233.081.75%61345032.001680000168.0000000000000.00
09/22/2026WBIYOKE30609A109ONEOK Inc11,56591.8000001061667.001.73%61345032.001680000168.0000000000000.00
09/22/2026WBIYBMY110122108Bristol-Myers Squibb Co16,22762.6200001016134.741.66%61345032.001680000168.0000000000000.00
09/22/2026WBIYHRB093671105H&R Block Inc22,72044.5000001011040.001.65%61345032.001680000168.0000000000000.00
09/22/2026WBIYHON438516205Honeywell International Inc4,594206.480000948569.121.55%61345032.001680000168.0000000000000.00
09/22/2026WBIYUGI902681105UGI Corp25,46537.230000948061.951.55%61345032.001680000168.0000000000000.00
09/22/2026WBIYCash&OtherCash&OtherCash & Other923,4661.000000923466.451.51%61345032.001680000168.000000000000Y
09/22/2026WBIYPRU744320102Prudential Financial Inc7,568118.530000897035.041.46%61345032.001680000168.0000000000000.00
09/22/2026WBIYCWEN18539C204Clearway Energy Inc28,89230.890000892473.881.45%61345032.001680000168.0000000000000.00
09/22/2026WBIYTGT87612E106Target Corp5,497157.710000866931.871.41%61345032.001680000168.0000000000000.00
09/22/2026WBIYLCII50189K103LCI Industries9,45286.950000821851.401.34%61345032.001680000168.0000000000000.00
09/22/2026WBIYGPK388689101Graphic Packaging Holding Co86,5469.250000800550.501.30%61345032.001680000168.0000000000000.00
09/22/2026WBIYOMC681919106Omnicom Group Inc10,41275.590000787043.081.28%61345032.001680000168.0000000000000.00
09/22/2026WBIYMRP601137102Millrose Properties Inc27,11128.680000777543.481.27%61345032.001680000168.0000000000000.00
09/22/2026WBIYCOLB197236102Columbia Banking System Inc25,33329.900000757456.701.23%61345032.001680000168.0000000000000.00
09/22/2026WBIYEIX281020107Edison International13,45654.950000739407.201.21%61345032.001680000168.0000000000000.00
09/22/2026WBIYTROW74144T108T Rowe Price Group Inc6,797104.630000711170.111.16%61345032.001680000168.0000000000000.00
09/22/2026WBIYBBWI070830104Bath & Body Works Inc41,78416.910000706567.441.15%61345032.001680000168.0000000000000.00
09/22/2026WBIYSIRI829933100Sirius XM Holdings Inc25,08227.440000688250.081.12%61345032.001680000168.0000000000000.00
09/22/2026WBIYTFC89832Q109TRUIST FINANCIAL CORP14,05849.000000688842.001.12%61345032.001680000168.0000000000000.00
09/22/2026WBIYFNF31620R303Fidelity National Financial Inc15,14942.460000643226.541.05%61345032.001680000168.0000000000000.00
09/22/2026WBIYFIBK32055Y201First Interstate BancSystem Inc17,30636.830000637379.981.04%61345032.001680000168.0000000000000.00
09/22/2026WBIYFIS31620M106Fidelity National Information Services Inc16,40035.190000577116.000.94%61345032.001680000168.0000000000000.00
09/22/2026WBIYOCFC675234108OceanFirst Financial Corp30,29017.570000532195.300.87%61345032.001680000168.0000000000000.00
09/22/2026WBIYASCY0207T100Ardmore Shipping Corp26,77718.600000498052.200.81%61345032.001680000168.0000000000000.00
09/22/2026WBIYREYN76171L106Reynolds Consumer Products Inc22,04422.090000486951.960.79%61345032.001680000168.0000000000000.00
09/22/2026WBIYREPX76665T102Riley Exploration Permian Inc11,84540.620000481143.900.78%61345032.001680000168.0000000000000.00
09/22/2026WBIYENR29272W109Energizer Holdings Inc20,77621.630000449384.880.73%61345032.001680000168.0000000000000.00
09/22/2026WBIYAPAM04316A108Artisan Partners Asset Management Inc12,01936.780000442058.820.72%61345032.001680000168.0000000000000.00
09/22/2026WBIYMNRO610236101Monro Inc34,18412.900000440973.600.72%61345032.001680000168.0000000000000.00
09/22/2026WBIYSLVM871332102Sylvamo Corp10,90236.110000393671.220.64%61345032.001680000168.0000000000000.00
09/22/2026WBIYWGO974637100Winnebago Industries Inc14,23927.210000387443.190.63%61345032.001680000168.0000000000000.00
09/22/2026WBIYPFS74386T105Provident Financial Services Inc15,69422.930000359863.420.59%61345032.001680000168.0000000000000.00
09/22/2026WBIYUPBD76009N100Upbound Group Inc21,07216.890000355906.080.58%61345032.001680000168.0000000000000.00
09/22/2026WBIYVRTS92828Q109Virtus Investment Partners Inc2,612129.850000339168.200.55%61345032.001680000168.0000000000000.00
Premium/Discount
Download Premium/Discount

Fund Information
 As of: 09/18/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$35.59
- $0.18
0.16%
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: 09/18/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
638,315
22.72
$35.59
2,119
0.01%
1.64%
Performance Month End
 As of: 08/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
3.90%
4.03%
19.97%
23.91%
10.47%
3.80
4.23%
Market
3.80%
3.95%
19.89%
24.10%
10.47%
3.80
4.23%
Performance Quarter End
 As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
3.94
14.11
15.33
23.74
7.86
3.28
3.95
Market
4.02
14.29
15.34
24.17
7.88
3.28
3.95

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: 7/31/2026
30-Day SEC Yield
-0.24%
WBIF Top Holdings
 As of: 09/22/2026
Security Name Weightings Shares
HP Inc
Pegasystems Inc
Piper Sandler Cos
Lockheed Martin Corp
Ball Corp
Ross Stores Inc
Broadridge Financial Solutions Inc
Trane Technologies PLC
Interactive Brokers Group Inc
Tradeweb Markets Inc
2.76%
2.74%
2.59%
2.50%
2.47%
2.40%
2.38%
2.37%
2.32%
2.28%
19,042
17,845
7,982
1,062
9,418
2,366
3,287
1,247
5,674
4,975
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/22/2026WBIFHPQ40434L105HP Inc19,04232.950000627433.902.76%22758227.6863831563.8300000000000.00
09/22/2026WBIFPEGA705573103Pegasystems Inc17,84534.965000623950.432.74%22758227.6863831563.8300000000000.00
09/22/2026WBIFPIPR724078209Piper Sandler Cos7,98273.870000589630.342.59%22758227.6863831563.8300000000000.00
09/22/2026WBIFLMT539830109Lockheed Martin Corp1,062535.400000568594.802.50%22758227.6863831563.8300000000000.00
09/22/2026WBIFBALL058498106Ball Corp9,41859.710000562348.782.47%22758227.6863831563.8300000000000.00
09/22/2026WBIFROST778296103Ross Stores Inc2,366231.250000547137.502.40%22758227.6863831563.8300000000000.00
09/22/2026WBIFBR11133T103Broadridge Financial Solutions Inc3,287164.620000541105.942.38%22758227.6863831563.8300000000000.00
09/22/2026WBIFTTG8994E103Trane Technologies PLC1,247433.320000540350.042.37%22758227.6863831563.8300000000000.00
09/22/2026WBIFIBKR45841N107Interactive Brokers Group Inc5,67493.210000528873.542.32%22758227.6863831563.8300000000000.00
09/22/2026WBIFTW892672106Tradeweb Markets Inc4,975104.450000519638.752.28%22758227.6863831563.8300000000000.00
09/22/2026WBIFHIG416515104Hartford Insurance Group Inc/The3,913130.730000511546.492.25%22758227.6863831563.8300000000000.00
09/22/2026WBIFMUSA626755102Murphy USA Inc993508.980000505417.142.22%22758227.6863831563.8300000000000.00
09/22/2026WBIFCOF14040H105Capital One Financial Corp2,444204.920000500824.482.20%22758227.6863831563.8300000000000.00
09/22/2026WBIFYUMC98850P109Yum China Holdings Inc12,09341.470000501496.712.20%22758227.6863831563.8300000000000.00
09/22/2026WBIFSCCO84265V105Southern Copper Corp2,465198.060000488217.902.15%22758227.6863831563.8300000000000.00
09/22/2026WBIFPAG70959W103Penske Automotive Group Inc1,833212.160000388889.281.71%22758227.6863831563.8300000000000.00
09/22/2026WBIFMLI624756102Mueller Industries Inc6,29059.930000376959.701.66%22758227.6863831563.8300000000000.00
09/22/2026WBIFMTDR576485205Matador Resources Co6,81254.090000368461.081.62%22758227.6863831563.8300000000000.00
09/22/2026WBIFJEF47233W109Jefferies Financial Group Inc7,59947.850000363612.151.60%22758227.6863831563.8300000000000.00
09/22/2026WBIFCCK228368106Crown Holdings Inc3,328108.730000361853.441.59%22758227.6863831563.8300000000000.00
09/22/2026WBIFVMI920253101Valmont Industries Inc769469.150000360776.351.59%22758227.6863831563.8300000000000.00
09/22/2026WBIFSIGI816300107Selective Insurance Group Inc4,08887.780000358844.641.58%22758227.6863831563.8300000000000.00
09/22/2026WBIFGL37959E102Globe Life Inc2,061172.160000354821.761.56%22758227.6863831563.8300000000000.00
09/22/2026WBIFR783549108Ryder System Inc1,497237.140000354998.581.56%22758227.6863831563.8300000000000.00
09/22/2026WBIFMORN617700109Morningstar Inc1,731201.470000348744.571.53%22758227.6863831563.8300000000000.00
09/22/2026WBIFGG3922B107Genpact Ltd10,07134.080000343219.681.51%22758227.6863831563.8300000000000.00
09/22/2026WBIFJ46982L108Jacobs Solutions Inc2,351143.760000337979.761.49%22758227.6863831563.8300000000000.00
09/22/2026WBIFCash&OtherCash&OtherCash & Other326,9231.000000326922.821.44%22758227.6863831563.830000000000Y
09/22/2026WBIFGOLF005098108Acushnet Holdings Corp3,97081.920000325222.401.43%22758227.6863831563.8300000000000.00
09/22/2026WBIFLEVI52736R102Levi Strauss & Co16,41219.820000325285.841.43%22758227.6863831563.8300000000000.00
09/22/2026WBIFOSK688239201Oshkosh Corp2,245143.380000321888.101.41%22758227.6863831563.8300000000000.00
09/22/2026WBIFGTLB37637K108Gitlab Inc5,68049.790000282807.201.24%22758227.6863831563.8300000000000.00
09/22/2026WBIFMCK58155Q103McKesson Corp304886.470000269486.881.18%22758227.6863831563.8300000000000.00
09/22/2026WBIFTEAM049468101Atlassian Corp1,378195.670000269633.261.18%22758227.6863831563.8300000000000.00
09/22/2026WBIFORCL68389X105Oracle Corp1,777148.560000263991.121.16%22758227.6863831563.8300000000000.00
09/22/2026WBIFSMCI86800U302Super Micro Computer Inc6,35641.200000261867.201.15%22758227.6863831563.8300000000000.00
09/22/2026WBIFTELG87052109TE Connectivity PLC1,209210.010000253902.091.12%22758227.6863831563.8300000000000.00
09/22/2026WBIFNBISN97284108Nebius Group NV1,080232.800000251424.001.10%22758227.6863831563.8300000000000.00
09/22/2026WBIFRMD761152107ResMed Inc1,124223.610000251337.641.10%22758227.6863831563.8300000000000.00
09/22/2026WBIFACNG1151C101Accenture PLC1,329186.110000247340.191.09%22758227.6863831563.8300000000000.00
09/22/2026WBIFMSCI55354G100MSCI Inc436558.970000243710.921.07%22758227.6863831563.8300000000000.00
09/22/2026WBIFNTAP64110D104NetApp Inc1,231198.150000243922.651.07%22758227.6863831563.8300000000000.00
09/22/2026WBIFPLTR69608A108Palantir Technologies Inc1,315183.090000240763.351.06%22758227.6863831563.8300000000000.00
09/22/2026WBIFWIXM98068105Wix.com Ltd2,88583.530000240984.051.06%22758227.6863831563.8300000000000.00
09/22/2026WBIFMRSH571748102Marsh & McLennan Cos Inc1,356172.720000234208.321.03%22758227.6863831563.8300000000000.00
09/22/2026WBIFNEE65339F101NextEra Energy Inc2,94279.630000234271.461.03%22758227.6863831563.8300000000000.00
09/22/2026WBIFROP776696106Roper Technologies Inc633365.400000231298.201.02%22758227.6863831563.8300000000000.00
09/22/2026WBIFBRO115236101Brown & Brown Inc3,57064.300000229551.001.01%22758227.6863831563.8300000000000.00
09/22/2026WBIFCRWV21873S108CoreWeave Inc2,69485.430000230148.421.01%22758227.6863831563.8300000000000.00
09/22/2026WBIFPAYX704326107Paychex Inc1,978115.010000227489.781.00%22758227.6863831563.8300000000000.00
09/22/2026WBIFRL751212101Ralph Lauren Corp660339.820000224281.200.99%22758227.6863831563.8300000000000.00
09/22/2026WBIFTPR876030107Tapestry Inc2,000113.070000226140.000.99%22758227.6863831563.8300000000000.00
09/22/2026WBIFMDB60937P106MongoDB Inc549407.300000223607.700.98%22758227.6863831563.8300000000000.00
09/22/2026WBIFOXY674599105Occidental Petroleum Corp3,90057.250000223275.000.98%22758227.6863831563.8300000000000.00
09/22/2026WBIFOMC681919106Omnicom Group Inc2,81275.590000212559.080.93%22758227.6863831563.8300000000000.00
09/22/2026WBIFPATH90364P105UiPath Inc14,44213.590000196266.780.86%22758227.6863831563.8300000000000.00
09/22/2026WBIFCRBG21871X109Corebridge Financial Inc4,96334.800000172712.400.76%22758227.6863831563.8300000000000.00
09/22/2026WBIFWMG934550203Warner Music Group Corp5,84527.690000161848.050.71%22758227.6863831563.8300000000000.00
09/22/2026WBIFRGA759351604Reinsurance Group of America Inc652245.130000159824.760.70%22758227.6863831563.8300000000000.00
09/22/2026WBIFTHG410867105Hanover Insurance Group Inc/The710223.210000158479.100.70%22758227.6863831563.8300000000000.00
09/22/2026WBIFPBF69318G106PBF Energy Inc2,15672.480000156266.880.69%22758227.6863831563.8300000000000.00
09/22/2026WBIFAIZ04621X108Assurant Inc559277.380000155055.420.68%22758227.6863831563.8300000000000.00
09/22/2026WBIFCMC201723103Commercial Metals Co2,39263.980000153040.160.67%22758227.6863831563.8300000000000.00
09/22/2026WBIFSJM832696405J M Smucker Co/The1,276119.880000152966.880.67%22758227.6863831563.8300000000000.00
09/22/2026WBIFENS29275Y102EnerSys835178.580000149114.300.66%22758227.6863831563.8300000000000.00
09/22/2026WBIFFDS303075105FactSet Research Systems Inc528284.100000150004.800.66%22758227.6863831563.8300000000000.00
09/22/2026WBIFSF860630102Stifel Financial Corp1,95975.720000148335.480.65%22758227.6863831563.8300000000000.00
09/22/2026WBIFSM78454L100SM Energy Co4,26334.750000148139.250.65%22758227.6863831563.8300000000000.00
09/22/2026WBIFAVY053611109Avery Dennison Corp864169.330000146301.120.64%22758227.6863831563.8300000000000.00
09/22/2026WBIFEVR29977A105Evercore Inc543269.010000146072.430.64%22758227.6863831563.8300000000000.00
09/22/2026WBIFRPM749685103RPM International Inc1,46099.010000144554.600.64%22758227.6863831563.8300000000000.00
09/22/2026WBIFMKC579780206McCormick & Co Inc/MD2,86348.890000139972.070.62%22758227.6863831563.8300000000000.00
09/22/2026WBIFNXST65336K103Nexstar Media Group Inc852166.150000141559.800.62%22758227.6863831563.8300000000000.00
09/22/2026WBIFLW513272104Lamb Weston Holdings Inc2,95547.290000139741.950.61%22758227.6863831563.8300000000000.00
09/22/2026WBIFCSL142339100Carlisle Cos Inc431317.850000136993.350.60%22758227.6863831563.8300000000000.00
09/22/2026WBIFDKS253393102Dick's Sporting Goods Inc865123.630000106939.950.47%22758227.6863831563.8300000000000.00
Premium/Discount
Download Premium/Discount
Fund Information
 As of: 09/18/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$26.19
- $0.15
0.22%
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: 09/18/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,200,183
31.43
$26.19
2,063
0.00%
1.44%
Performance Month End
 As of: 08/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
3.59%
4.57%
16.21%
20.93%
7.58%
1.84
2.21%
Market
3.58%
4.77%
16.14%
21.17%
7.56%
1.84
2.22%
Performance Quarter End
 As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
2.30
10.20
11.13
19.50
5.50
1.30
1.86
Market
2.11
10.08
10.85
19.54
5.44
1.26
1.85

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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: 7/31/2026
30-Day SEC Yield
1.12%
WBIG Top Holdings
 As of: 09/22/2026
Security Name Weightings Shares
Cash & Other
WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund
Angel Oak High Yield Opportunities ETF
Frontline PLC
HP Inc
Best Buy Co Inc
AT&T Inc
ONEOK Inc
Pegasystems Inc
United Parcel Service Inc
3.01%
2.60%
2.39%
2.12%
1.93%
1.89%
1.76%
1.75%
1.75%
1.73%
940,104
35,866
68,252
13,309
18,244
6,331
21,557
5,953
15,591
5,709
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/22/2026WBIGCash&OtherCash&OtherCash & Other940,1041.000000940103.863.01%31197433.851190183119.020000000000Y
09/22/2026WBIGAGZD97717W380WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund35,86622.630600811669.102.60%31197433.851190183119.0200000000000.00
09/22/2026WBIGAOHY03463K745Angel Oak High Yield Opportunities ETF68,25210.934900746328.792.39%31197433.851190183119.0200000000000.00
09/22/2026WBIGFROM46528101Frontline PLC13,30949.810000662921.292.12%31197433.851190183119.0200000000000.00
09/22/2026WBIGHPQ40434L105HP Inc18,24432.950000601139.801.93%31197433.851190183119.0200000000000.00
09/22/2026WBIGBBY086516101Best Buy Co Inc6,33193.220000590175.821.89%31197433.851190183119.0200000000000.00
09/22/2026WBIGT00206R102AT&T Inc21,55725.450000548625.651.76%31197433.851190183119.0200000000000.00
09/22/2026WBIGOKE30609A109ONEOK Inc5,95391.800000546485.401.75%31197433.851190183119.0200000000000.00
09/22/2026WBIGPEGA705573103Pegasystems Inc15,59134.965000545139.321.75%31197433.851190183119.0200000000000.00
09/22/2026WBIGUPS911312106United Parcel Service Inc5,70994.750000540927.751.73%31197433.851190183119.0200000000000.00
09/22/2026WBIGPIPR724078209Piper Sandler Cos7,14473.870000527727.281.69%31197433.851190183119.0200000000000.00
09/22/2026WBIGSFD832248207Smithfield Foods Inc26,27619.860000521841.361.67%31197433.851190183119.0200000000000.00
09/22/2026WBIGKMB494368103Kimberly-Clark Corp5,26597.740000514601.101.65%31197433.851190183119.0200000000000.00
09/22/2026WBIGTROW74144T108T Rowe Price Group Inc4,933104.630000516139.791.65%31197433.851190183119.0200000000000.00
09/22/2026WBIGSLNZ29287L809TCW Senior Loan ETF11,20045.675000511560.001.64%31197433.851190183119.0200000000000.00
09/22/2026WBIGGIS370334104General Mills Inc14,32635.410000507283.661.63%31197433.851190183119.0200000000000.00
09/22/2026WBIGLMT539830109Lockheed Martin Corp950535.400000508630.001.63%31197433.851190183119.0200000000000.00
09/22/2026WBIGIBKR45841N107Interactive Brokers Group Inc5,43293.210000506316.721.62%31197433.851190183119.0200000000000.00
09/22/2026WBIGDOXG02602103Amdocs Ltd8,39859.480000499513.041.60%31197433.851190183119.0200000000000.00
09/22/2026WBIGHRL440452100Hormel Foods Corp24,33420.460000497873.641.60%31197433.851190183119.0200000000000.00
09/22/2026WBIGBALL058498106Ball Corp8,29859.710000495473.581.59%31197433.851190183119.0200000000000.00
09/22/2026WBIGEMN277432100Eastman Chemical Co7,61865.090000495855.621.59%31197433.851190183119.0200000000000.00
09/22/2026WBIGORCL68389X105Oracle Corp3,342148.560000496487.521.59%31197433.851190183119.0200000000000.00
09/22/2026WBIGF345370860Ford Motor Co37,43213.170000492979.441.58%31197433.851190183119.0200000000000.00
09/22/2026WBIGROST778296103Ross Stores Inc2,093231.250000484006.251.55%31197433.851190183119.0200000000000.00
09/22/2026WBIGTTG8994E103Trane Technologies PLC1,116433.320000483585.121.55%31197433.851190183119.0200000000000.00
09/22/2026WBIGLYBN53745100LyondellBasell Industries NV7,99760.240000481739.281.54%31197433.851190183119.0200000000000.00
09/22/2026WBIGMLI624756102Mueller Industries Inc7,96559.930000477342.451.53%31197433.851190183119.0200000000000.00
09/22/2026WBIGBR11133T103Broadridge Financial Solutions Inc2,882164.620000474434.841.52%31197433.851190183119.0200000000000.00
09/22/2026WBIGFIS31620M106Fidelity National Information Services Inc13,37835.190000470771.821.51%31197433.851190183119.0200000000000.00
09/22/2026WBIGNXST65336K103Nexstar Media Group Inc2,801166.150000465386.151.49%31197433.851190183119.0200000000000.00
09/22/2026WBIGNKE654106103NIKE Inc12,79736.100000461971.701.48%31197433.851190183119.0200000000000.00
09/22/2026WBIGTW892672106Tradeweb Markets Inc4,395104.450000459057.751.47%31197433.851190183119.0200000000000.00
09/22/2026WBIGCOF14040H105Capital One Financial Corp2,202204.920000451233.841.45%31197433.851190183119.0200000000000.00
09/22/2026WBIGEVSD61774R825Eaton Vance Short Duration Income ETF8,99650.285000452363.861.45%31197433.851190183119.0200000000000.00
09/22/2026WBIGMUSA626755102Murphy USA Inc891508.980000453501.181.45%31197433.851190183119.0200000000000.00
09/22/2026WBIGYUMC98850P109Yum China Holdings Inc10,92641.470000453101.221.45%31197433.851190183119.0200000000000.00
09/22/2026WBIGHIG416515104Hartford Insurance Group Inc/The3,427130.730000448011.711.44%31197433.851190183119.0200000000000.00
09/22/2026WBIGFLRN78468R200State Street SPDR Bloomberg Investment Grade Floating Rate ETF14,52130.810000447392.011.43%31197433.851190183119.0200000000000.00
09/22/2026WBIGSCCO84265V105Southern Copper Corp2,244198.060000444532.991.42%31197433.851190183119.0200000000000.00
09/22/2026WBIGGTLB37637K108Gitlab Inc7,70749.790000383731.531.23%31197433.851190183119.0200000000000.00
09/22/2026WBIGSMCI86800U302Super Micro Computer Inc9,20941.200000379410.801.22%31197433.851190183119.0200000000000.00
09/22/2026WBIGTEAM049468101Atlassian Corp1,893195.670000370403.311.19%31197433.851190183119.0200000000000.00
09/22/2026WBIGNBISN97284108Nebius Group NV1,538232.800000358046.401.15%31197433.851190183119.0200000000000.00
09/22/2026WBIGNTAP64110D104NetApp Inc1,734198.150000343592.101.10%31197433.851190183119.0200000000000.00
09/22/2026WBIGPLTR69608A108Palantir Technologies Inc1,842183.090000337251.781.08%31197433.851190183119.0200000000000.00
09/22/2026WBIGMDB60937P106MongoDB Inc806407.300000328283.801.05%31197433.851190183119.0200000000000.00
09/22/2026WBIGCRWV21873S108CoreWeave Inc3,75685.430000320875.081.03%31197433.851190183119.0200000000000.00
09/22/2026WBIGWIXM98068105Wix.com Ltd3,83883.530000320588.141.03%31197433.851190183119.0200000000000.00
09/22/2026WBIGGSY46090A887Invesco Ultra Short Duration ETF6,20949.940000310077.460.99%31197433.851190183119.0200000000000.00
09/22/2026WBIGPFG74251V102Principal Financial Group Inc2,394116.470000278829.180.89%31197433.851190183119.0200000000000.00
09/22/2026WBIGPATH90364P105UiPath Inc19,54513.590000265616.550.85%31197433.851190183119.0200000000000.00
09/22/2026WBIGKMI49456B101Kinder Morgan Inc8,25431.720000261816.880.84%31197433.851190183119.0200000000000.00
09/22/2026WBIGACNG1151C101Accenture PLC1,374186.110000255715.140.82%31197433.851190183119.0200000000000.00
09/22/2026WBIGCVX166764100Chevron Corp1,261203.670000256827.870.82%31197433.851190183119.0200000000000.00
09/22/2026WBIGFTSL33738D309First Trust Senior Loan ETF5,71345.000000257085.000.82%31197433.851190183119.0200000000000.00
09/22/2026WBIGNEAR46431W507iShares Short Duration Bond Active ETF4,92950.110000246992.190.79%31197433.851190183119.0200000000000.00
09/22/2026WBIGDRI237194105Darden Restaurants Inc1,136211.310000240048.160.77%31197433.851190183119.0200000000000.00
09/22/2026WBIGMTDR576485205Matador Resources Co4,45054.090000240700.500.77%31197433.851190183119.0200000000000.00
09/22/2026WBIGBMY110122108Bristol-Myers Squibb Co3,80562.620000238269.100.76%31197433.851190183119.0200000000000.00
09/22/2026WBIGCVS126650100CVS Health Corp2,72187.600000238359.600.76%31197433.851190183119.0200000000000.00
09/22/2026WBIGMCK58155Q103McKesson Corp268886.470000237573.960.76%31197433.851190183119.0200000000000.00
09/22/2026WBIGMDLZ609207105Mondelez International Inc3,95560.170000237972.350.76%31197433.851190183119.0200000000000.00
09/22/2026WBIGTGT87612E106Target Corp1,508157.710000237826.680.76%31197433.851190183119.0200000000000.00
09/22/2026WBIGTSN902494103Tyson Foods Inc4,42152.020000229980.420.74%31197433.851190183119.0200000000000.00
09/22/2026WBIGMSCI55354G100MSCI Inc409558.970000228618.730.73%31197433.851190183119.0200000000000.00
09/22/2026WBIGTELG87052109TE Connectivity PLC1,078210.010000226390.780.73%31197433.851190183119.0200000000000.00
09/22/2026WBIGRMD761152107ResMed Inc1,004223.610000224504.440.72%31197433.851190183119.0200000000000.00
09/22/2026WBIGHCA40412C101HCA Healthcare Inc521425.970000221930.370.71%31197433.851190183119.0200000000000.00
09/22/2026WBIGSTZ21036P108Constellation Brands Inc1,861118.390000220323.790.71%31197433.851190183119.0200000000000.00
09/22/2026WBIGOMC681919106Omnicom Group Inc2,87775.590000217472.430.70%31197433.851190183119.0200000000000.00
09/22/2026WBIGNEE65339F101NextEra Energy Inc2,65879.630000211656.540.68%31197433.851190183119.0200000000000.00
09/22/2026WBIGOXY674599105Occidental Petroleum Corp3,71857.250000212855.500.68%31197433.851190183119.0200000000000.00
09/22/2026WBIGMRSH571748102Marsh & McLennan Cos Inc1,198172.720000206918.560.66%31197433.851190183119.0200000000000.00
09/22/2026WBIGPAYX704326107Paychex Inc1,777115.010000204372.770.66%31197433.851190183119.0200000000000.00
09/22/2026WBIGRL751212101Ralph Lauren Corp602339.820000204571.640.66%31197433.851190183119.0200000000000.00
09/22/2026WBIGROP776696106Roper Technologies Inc564365.400000206085.600.66%31197433.851190183119.0200000000000.00
09/22/2026WBIGBRO115236101Brown & Brown Inc3,12564.300000200937.500.64%31197433.851190183119.0200000000000.00
09/22/2026WBIGTPR876030107Tapestry Inc1,766113.070000199681.620.64%31197433.851190183119.0200000000000.00
Premium/Discount
Download Premium/Discount
Fund Information
 As of: 09/18/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$39.67
- $0.16
0.23%
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: 09/18/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
747,182
29.64
$39.66
3,224
-0.02%
1.65%
Performance Month End
 As of: 08/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
3.02%
1.78%
17.63%
24.76%
10.31%
5.86
4.80%
Market
3.17%
1.78%
17.74%
24.98%
10.32%
5.87
4.80%
Performance Quarter End
 As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.55
19.59
15.57
23.70
11.33
6.24
4.71
Market
1.65
19.82
15.68
23.73
11.35
6.24
4.72

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. 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: 7/31/2026
30-Day SEC Yield
-0.64%
WBIL Top Holdings
 As of: 09/22/2026
Security Name Weightings Shares
Cash & Other
Dell Technologies Inc
Gitlab Inc
Super Micro Computer Inc
Atlassian Corp
Zscaler Inc
Micron Technology Inc
Wix.com Ltd
Arista Networks Inc
Veeva Systems Inc
7.66%
2.63%
2.39%
2.30%
2.29%
2.29%
2.23%
2.19%
2.08%
2.08%
2,293,118
1,369
14,353
16,716
3,509
3,312
639
7,850
3,033
2,387
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/22/2026WBILCash&OtherCash&OtherCash & Other2,293,1181.0000002293118.367.66%29940628.7974718274.720000000000Y
09/22/2026WBILDELL24703L202Dell Technologies Inc1,369575.310000787599.392.63%29940628.7974718274.7200000000000.00
09/22/2026WBILGTLB37637K108Gitlab Inc14,35349.790000714635.872.39%29940628.7974718274.7200000000000.00
09/22/2026WBILSMCI86800U302Super Micro Computer Inc16,71641.200000688699.202.30%29940628.7974718274.7200000000000.00
09/22/2026WBILTEAM049468101Atlassian Corp3,509195.670000686606.032.29%29940628.7974718274.7200000000000.00
09/22/2026WBILZS98980G102Zscaler Inc3,312207.130000686014.562.29%29940628.7974718274.7200000000000.00
09/22/2026WBILMU595112103Micron Technology Inc6391043.960000667090.442.23%29940628.7974718274.7200000000000.00
09/22/2026WBILWIXM98068105Wix.com Ltd7,85083.530000655710.502.19%29940628.7974718274.7200000000000.00
09/22/2026WBILANET040413205Arista Networks Inc3,033205.420000623038.862.08%29940628.7974718274.7200000000000.00
09/22/2026WBILVEEV922475108Veeva Systems Inc2,387261.310000623746.972.08%29940628.7974718274.7200000000000.00
09/22/2026WBILAMGN031162100Amgen Inc1,558393.160000612543.282.05%29940628.7974718274.7200000000000.00
09/22/2026WBILNTAP64110D104NetApp Inc3,082198.150000610698.302.04%29940628.7974718274.7200000000000.00
09/22/2026WBILPSX718546104Phillips 662,334261.750000610924.502.04%29940628.7974718274.7200000000000.00
09/22/2026WBILCME12572Q105CME Group Inc2,196275.530000605063.882.02%29940628.7974718274.7200000000000.00
09/22/2026WBILTTG8994E103Trane Technologies PLC1,397433.320000605348.042.02%29940628.7974718274.7200000000000.00
09/22/2026WBILROST778296103Ross Stores Inc2,598231.250000600787.502.01%29940628.7974718274.7200000000000.00
09/22/2026WBILTRGP87612G101Targa Resources Corp2,069289.360000598685.842.00%29940628.7974718274.7200000000000.00
09/22/2026WBILNEM651639106Newmont Corp4,839123.050000595438.951.99%29940628.7974718274.7200000000000.00
09/22/2026WBILWSM969904101Williams-Sonoma Inc2,613227.160000593569.081.98%29940628.7974718274.7200000000000.00
09/22/2026WBILXYZ852234103Block Inc7,59977.910000592038.091.98%29940628.7974718274.7200000000000.00
09/22/2026WBILCOR03073E105Cencora Inc1,850316.490000585506.501.96%29940628.7974718274.7200000000000.00
09/22/2026WBILLMT539830109Lockheed Martin Corp1,096535.400000586798.401.96%29940628.7974718274.7200000000000.00
09/22/2026WBILV92826C839Visa Inc1,588369.950000587480.601.96%29940628.7974718274.7200000000000.00
09/22/2026WBILAPH032095101Amphenol Corp7,24880.595000584152.561.95%29940628.7974718274.720000000000906.00
09/22/2026WBILQCOM747525103QUALCOMM Inc2,964194.230000575697.721.92%29940628.7974718274.7200000000000.00
09/22/2026WBILFANG25278X109Diamondback Energy Inc3,028189.270000573109.561.91%29940628.7974718274.7200000000000.00
09/22/2026WBILBRK/B084670702Berkshire Hathaway Inc1,133502.010000568777.331.90%29940628.7974718274.7200000000000.00
09/22/2026WBILWM94106L109Waste Management Inc2,753207.040000569981.121.90%29940628.7974718274.7200000000000.00
09/22/2026WBILEBAY278642103eBay Inc5,226108.300000565975.801.89%29940628.7974718274.7200000000000.00
09/22/2026WBILMDB60937P106MongoDB Inc1,389407.300000565739.701.89%29940628.7974718274.7200000000000.00
09/22/2026WBILDXCM252131107Dexcom Inc6,29289.170000561057.641.87%29940628.7974718274.7200000000000.00
09/22/2026WBILIBKR45841N107Interactive Brokers Group Inc5,97793.210000557116.171.86%29940628.7974718274.7200000000000.00
09/22/2026WBILGILD375558103Gilead Sciences Inc3,666150.560000551952.961.84%29940628.7974718274.7200000000000.00
09/22/2026WBILCBOE12503M108Cboe Global Markets Inc1,928271.430000523317.041.75%29940628.7974718274.7200000000000.00
09/22/2026WBILEXPE30212P303Expedia Group Inc1,837281.020000516233.741.72%29940628.7974718274.7200000000000.00
09/22/2026WBILPANW697435105Palo Alto Networks Inc1,334371.760000495927.841.66%29940628.7974718274.7200000000000.00
09/22/2026WBILKO191216100Coca-Cola Co/The5,65287.120000492402.241.64%29940628.7974718274.7200000000000.00
09/22/2026WBILGE369604301GE AEROSPACE1,494319.010000476600.941.59%29940628.7974718274.7200000000000.00
09/22/2026WBILROK773903109Rockwell Automation Inc1,108424.890000470778.121.57%29940628.7974718274.7200000000000.00
09/22/2026WBILCRM79466L302Salesforce Inc1,199236.420000283467.580.95%29940628.7974718274.7200000000000.00
09/22/2026WBILJNJ478160104Johnson & Johnson950269.470000255996.500.86%29940628.7974718274.7200000000000.00
09/22/2026WBILSTLD858119100Steel Dynamics Inc1,125229.990000258738.750.86%29940628.7974718274.7200000000000.00
09/22/2026WBILCSX126408103CSX Corp5,53545.990000254554.650.85%29940628.7974718274.7200000000000.00
09/22/2026WBILAMP03076C106Ameriprise Financial Inc465535.720000249109.800.83%29940628.7974718274.7200000000000.00
09/22/2026WBILCAH14149Y108Cardinal Health Inc1,106225.750000249679.500.83%29940628.7974718274.7200000000000.00
09/22/2026WBILMELI58733R102MercadoLibre Inc1361820.470000247583.920.83%29940628.7974718274.7200000000000.00
09/22/2026WBILPH701094104Parker-Hannifin Corp253958.170000242417.010.81%29940628.7974718274.7200000000000.00
09/22/2026WBILTELG87052109TE Connectivity PLC1,156210.010000242771.560.81%29940628.7974718274.7200000000000.00
09/22/2026WBILTXN882508104Texas Instruments Inc880270.870000238365.600.80%29940628.7974718274.7200000000000.00
09/22/2026WBILLLY532457108Eli Lilly & Co2031164.890000236472.670.79%29940628.7974718274.7200000000000.00
09/22/2026WBILMMM88579Y1013M Co1,438164.970000237226.860.79%29940628.7974718274.7200000000000.00
09/22/2026WBILSHW824348106Sherwin-Williams Co/The734321.310000235841.540.79%29940628.7974718274.7200000000000.00
09/22/2026WBILWRB084423102W R Berkley Corp3,45368.790000237531.870.79%29940628.7974718274.7200000000000.00
09/22/2026WBILGD369550108General Dynamics Corp663353.900000234635.700.78%29940628.7974718274.7200000000000.00
09/22/2026WBILBX09260D107Blackstone Inc1,791126.410000226400.310.76%29940628.7974718274.7200000000000.00
09/22/2026WBILSLB806857108SLB Ltd4,39751.760000227588.720.76%29940628.7974718274.7200000000000.00
09/22/2026WBILPCAR693718108PACCAR Inc1,847114.730000211906.310.71%29940628.7974718274.7200000000000.00
09/22/2026WBILHSY427866108Hershey Co/The1,246167.900000209203.400.70%29940628.7974718274.7200000000000.00
09/22/2026WBILUNP907818108Union Pacific Corp769269.630000207345.470.69%29940628.7974718274.7200000000000.00
09/22/2026WBILPLTR69608A108Palantir Technologies Inc820183.090000150133.800.50%29940628.7974718274.7200000000000.00
09/22/2026WBILSYY871829107Sysco Corp1,81778.430000142507.310.48%29940628.7974718274.7200000000000.00
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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 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.