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: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$25.84
- $0.21
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM33,048151.1000004993552.805.60%89136270.003450000690.00
02/19/2020WBIYT00206R102AT&T INC119,90238.2600004587450.525.15%89136270.003450000690.00
02/19/2020WBIYVZ92343V104VERIZON COMMUNICATIONS INC74,87457.9100004335953.344.86%89136270.003450000690.00
02/19/2020WBIYGM37045V100GENERAL MTRS CO125,73834.4100004326644.584.85%89136270.003450000690.00
02/19/2020WBIYF345370860FORD MTR CO DEL497,2618.0600004007923.664.50%89136270.003450000690.00
02/19/2020WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC64,97654.2000003521699.203.95%89136270.003450000690.00
02/19/2020WBIYM55616P104MACYS INC218,08016.0700003504545.603.93%89136270.003450000690.00
02/19/2020WBIYLB501797104L BRANDS INC140,35824.0900003381224.223.79%89136270.003450000690.00
02/19/2020WBIYTGE874696107TALLGRASS ENERGY LP140,41522.3000003131254.503.51%89136270.003450000690.00
02/19/2020WBIYHBI410345102HANESBRANDS INC188,87914.5100002740634.293.07%89136270.003450000690.00
02/19/2020WBIYKSS500255104KOHLS CORP56,99843.8300002498222.342.80%89136270.003450000690.00
02/19/2020WBIYHRB093671105BLOCK H & R INC104,77322.9800002407683.542.70%89136270.003450000690.00
02/19/2020WBIYSIX83001A102SIX FLAGS ENTMT CORP NEW62,21738.4200002390377.142.68%89136270.003450000690.00
02/19/2020WBIYGPS364760108GAP INC136,12417.4000002368557.602.66%89136270.003450000690.00
02/19/2020WBIYTPR876030107TAPESTRY INC80,14528.1000002252074.502.53%89136270.003450000690.00
02/19/2020WBIYIVZG491BT108INVESCO LTD118,05117.6200002080058.622.33%89136270.003450000690.00
02/19/2020WBIYIP460146103INTL PAPER CO47,33043.2300002046075.902.30%89136270.003450000690.00
02/19/2020WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -23,65881.3200001923868.562.16%89136270.003450000690.00
02/19/2020WBIYWRK96145D105WESTROCK CO47,07840.9200001926431.762.16%89136270.003450000690.00
02/19/2020WBIYNYCB649445103NEW YORK CMNTY BANCORP INC157,85111.1600001761617.161.98%89136270.003450000690.00
02/19/2020WBIYCNK17243V102CINEMARK HOLDINGS INC50,67131.7100001606777.411.80%89136270.003450000690.00
02/19/2020WBIYPAGP72651A207PLAINS GP HLDGS L P93,89116.8700001583941.171.78%89136270.003450000690.00
02/19/2020WBIYCC163851108CHEMOURS CO84,72018.5600001572403.201.76%89136270.003450000690.00
02/19/2020WBIYIPG460690100INTERPUBLIC GROUP COS INC57,81824.8600001437355.481.61%89136270.003450000690.00
02/19/2020WBIYPRU744320102PRUDENTIAL FINL INC14,58293.1800001358750.761.52%89136270.003450000690.00
02/19/2020WBIYOLN680665205OLIN CORP78,81217.1300001350049.561.51%89136270.003450000690.00
02/19/2020WBIYCash&OtherCash&OtherCash & Other1,336,4001.0000001336400.491.50%89136270.00345000069Y
02/19/2020WBIYMSM553530106MSC INDL DIRECT INC18,55671.1700001320630.521.48%89136270.003450000690.00
02/19/2020WBIYHBAN446150104HUNTINGTON BANCSHARES INC93,62713.9100001302351.571.46%89136270.003450000690.00
02/19/2020WBIYKEY493267108KEYCORP NEW65,49419.5600001281062.641.44%89136270.003450000690.00
02/19/2020WBIYBIG089302103BIG LOTS INC49,61225.6900001274532.281.43%89136270.003450000690.00
02/19/2020WBIYJWN655664100NORDSTROM INC29,57739.9500001181601.151.33%89136270.003450000690.00
02/19/2020WBIYVLO91913Y100VALERO ENERGY CORP NEW13,72182.5200001132256.921.27%89136270.003450000690.00
02/19/2020WBIYMDP589433101MEREDITH CORP31,09032.030000995812.701.12%89136270.003450000690.00
02/19/2020WBIYPACW695263103PACWEST BANCORP DEL26,77536.530000978090.751.10%89136270.0034500006916065.00
02/19/2020WBIYNAVI63938C108NAVIENT CORPORATION64,92914.300000928484.701.04%89136270.003450000690.00
02/19/2020WBIYUFS257559203DOMTAR CORP25,29633.720000852981.120.96%89136270.003450000690.00
02/19/2020WBIYCVI12662P108CVR ENERGY INC22,36233.230000743089.260.83%89136270.003450000690.00
02/19/2020WBIYCVX166764100CHEVRON CORP NEW6,541110.240000721079.840.81%89136270.003450000690.00
02/19/2020WBIYBTU704551100PEABODY ENERGY CORP NEW86,9257.380000641506.500.72%89136270.003450000690.00
02/19/2020WBIYBKE118440106BUCKLE INC25,15324.830000624548.990.70%89136270.003450000690.00
02/19/2020WBIYTSEL9340P101TRINSEO S A20,60028.090000578654.000.65%89136270.003450000690.00
02/19/2020WBIYAPAM04316A108ARTISAN PARTNERS ASSET MGMT IN CL A16,23035.690000579248.700.65%89136270.003450000690.00
02/19/2020WBIYMCY589400100MERCURY GENL CORP NEW11,20651.650000578789.900.65%89136270.003450000690.00
02/19/2020WBIYEFC28852N109ELLINGTON FINANCIAL INC24,63118.870000464786.970.52%89136270.003450000690.00
02/19/2020WBIYHOPE43940T109HOPE BANCORP INC33,05514.020000463431.100.52%89136270.003450000690.00
02/19/2020WBIYBPFH101119105BOSTON PRIVATE FINL HLDGS INC COM37,66111.550000434984.550.49%89136270.003450000690.00
02/19/2020WBIYBRY08579X101BERRY PETE CO57,5057.275000418348.880.47%89136270.003450000690.00
02/19/2020WBIYGEF397624107GREIF INC9,89941.730000413085.270.46%89136270.003450000690.00
02/19/2020WBIYKRO50105F105KRONOS WORLDWIDE INC35,90011.420000409978.000.46%89136270.003450000690.00
02/19/2020WBIYMOV624580106MOVADO GROUP INC23,03016.670000383910.100.43%89136270.003450000690.00
Fund Goals

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

Prices
 As of: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,450,000
89.14
$25.82
14,738
-0.08%
0.70%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-4.47%
-4.47%
-4.47%
8.63%
7.07%
5.69%
Market
-4.44%
-4.44%
-4.44%
8.45%
6.99%
5.60%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
4.39
9.62
24.62
24.62
8.05
7.46
Market
4.18
9.54
24.84
24.84
7.94
7.35

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: 1/31/2020
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
5.03%
4.96%

WBIY Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
INTERNATIONAL BUSINESS MACHS COM
AT&T INC
VERIZON COMMUNICATIONS INC
GENERAL MTRS CO
FORD MTR CO DEL
SEAGATE TECHNOLOGY PLC
MACYS INC
L BRANDS INC
TALLGRASS ENERGY LP
HANESBRANDS INC
5.60%
5.15%
4.86%
4.85%
4.50%
3.95%
3.93%
3.79%
3.51%
3.07%
33,048
119,902
74,874
125,738
497,261
64,976
218,080
140,358
140,415
188,879
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$20.57
- $0.05
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBITUSHY46435U853ISHARES TR BROAD USD HIGH443,54941.34000018336315.6641.95%43712100.002125000850.00
02/19/2020WBITHYLB233051432DBX ETF TR XTRACK USD HIGH362,62250.52000018319663.4441.91%43712100.002125000850.00
02/19/2020WBITHYG464288513ISHARES TR IBOXX HI YD ETF74,22988.2200006548482.3814.98%43712100.002125000850.00
02/19/2020WBITCash&OtherCash&OtherCash & Other506,9521.000000506951.631.16%43712100.00212500085Y
Fund Goals

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

Prices
 As of: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,125,000
43.71
$20.57
8,412
-0.03%
0.67%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
-0.37%
-0.37%
-0.37%
 
 
7.06%
Market
-0.38%
-0.38%
-0.38%
 
 
7.06%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
0.90
0.92
7.45
 
 
7.45
Market
0.86
1.02
7.48
 
 
7.48

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: 1/31/2020
30-Day SEC Yield
4.92%

WBIT Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
ISHARES TR IBOXX HI YD ETF
Cash & Other
41.95%
41.91%
14.98%
1.16%
443,549
362,622
74,229
506,952
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$19.70
- $0.05
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBINUSHY46435U853ISHARES TR BROAD USD HIGH326,06841.34000013479651.1242.11%32012662.501625000650.00
02/19/2020WBINHYLB233051432DBX ETF TR XTRACK USD HIGH266,57750.52000013467470.0442.07%32012662.501625000650.00
02/19/2020WBINHYG464288513ISHARES TR IBOXX HI YD ETF54,56788.2200004813900.7415.04%32012662.501625000650.00
02/19/2020WBINCash&OtherCash&OtherCash & Other251,5071.000000251506.730.79%32012662.50162500065Y
Fund Goals

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

Prices
 As of: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,575,000
31.03
$19.71
2,180
0.02%
0.77%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
-0.36%
-0.36%
-0.36%
 
 
3.48%
Market
-0.26%
-0.26%
-0.26%
 
 
3.47%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
0.90
0.93
3.85
 
 
3.85
Market
0.89
0.93
3.74
 
 
3.74

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: 1/31/2020
30-Day SEC Yield
4.82%

WBIN Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
ISHARES TR IBOXX HI YD ETF
Cash & Other
42.11%
42.07%
15.04%
0.79%
326,068
266,577
54,567
251,507
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$25.35
- $0.03
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBIIUSHY46435U853ISHARES TR BROAD USD HIGH721,12041.34000029811100.8033.13%89993210.003550000710.00
02/19/2020WBIIHYLB233051432DBX ETF TR XTRACK USD HIGH580,08250.52000029305742.6432.56%89993210.003550000710.00
02/19/2020WBIIHYG464288513ISHARES TR IBOXX HI YD ETF128,31188.22000011319596.4212.58%89993210.003550000710.00
02/19/2020WBIIEDV921910709VANGUARD WORLD FD EXTENDED DUR64,572143.4900009265436.2810.30%89993210.003550000710.00
02/19/2020WBIIVCIT92206C870VANGUARD SCOTTSDALE FDS INT-TERM CORP65,21193.1300006073100.436.75%89993210.003550000710.00
02/19/2020WBIIMBB464288588ISHARES TR MBS ETF32,969108.9400003591642.863.99%89993210.003550000710.00
02/19/2020WBIICash&OtherCash&OtherCash & Other625,2281.000000625228.480.69%89993210.00355000071Y
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: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,550,000
89.99
$25.33
10,579
-0.08%
1.29%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-0.43%
-0.43%
-0.43%
7.89%
3.73%
2.65
2.65%
Market
-0.38%
-0.38%
-0.38%
7.85%
3.74%
2.58
2.62%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
0.90
0.49
9.74
9.74
4.06
2.81
2.77
Market
0.83
0.49
9.75
9.75
4.05
2.77
2.74

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: 1/31/2020
30-Day SEC Yield
4.20%
WBII Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
ISHARES TR IBOXX HI YD ETF
VANGUARD WORLD FD EXTENDED DUR
VANGUARD SCOTTSDALE FDS INT-TERM CORP
ISHARES TR MBS ETF
Cash & Other
33.13%
32.56%
12.58%
10.30%
6.75%
3.99%
0.69%
721,120
580,082
128,311
64,572
65,211
32,969
625,228
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$28.44
- $0.16
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBIEQCOM747525103QUALCOMM INC27,70888.0300002439135.244.65%52507777.061846278360.00
02/19/2020WBIEPGR743315103PROGRESSIVE CORP OHIO29,29683.4000002443286.404.65%52507777.061846278360.00
02/19/2020WBIEADBE00724F101ADOBE INC6,426378.8500002434490.104.64%52507777.061846278360.00
02/19/2020WBIESPGI78409V104S&P Global Inc7,897306.7400002422325.784.61%52507777.061846278360.00
02/19/2020WBIECTXS177376100CITRIX SYS INC19,399123.5100002395970.494.56%52507777.061846278360.00
02/19/2020WBIEATVI00507V109ACTIVISION BLIZZARD INC36,65063.7400002336071.004.45%52507777.061846278360.00
02/19/2020WBIEDHI23331A109D R HORTON INC36,61261.8300002263719.964.31%52507777.061846278360.00
02/19/2020WBIENVDA67066G104NVIDIA CORP7,464296.5700002213598.484.22%52507777.061846278360.00
02/19/2020WBIEIRG47791101INGERSOLL-RAND PLC14,653144.9700002124245.414.05%52507777.061846278360.00
02/19/2020WBIEDRI237194105DARDEN RESTAURANTS INC17,440120.4900002101345.604.00%52507777.061846278360.00
02/19/2020WBIECFG174610105CITIZENS FINANCIAL GROUP INC COM54,87737.9600002083130.923.97%52507777.061846278360.00
02/19/2020WBIEINTU461202103INTUIT6,838303.5700002075811.663.95%52507777.061846278360.00
02/19/2020WBIEAFG025932104AMERICAN FINL GROUP INC OHIO COM18,188112.1300002039420.443.88%52507777.061846278360.00
02/19/2020WBIECPB134429109CAMPBELL SOUP CO41,96148.2000002022520.203.85%52507777.061846278360.00
02/19/2020WBIEMTB55261F104M & T BK CORP11,866166.8000001979248.803.77%52507777.061846278360.00
02/19/2020WBIEHSY427866108HERSHEY CO11,147160.0600001784188.823.40%52507777.061846278360.00
02/19/2020WBIEFITB316773100FIFTH THIRD BANCORP60,36129.2400001764955.643.36%52507777.061846278360.00
02/19/2020WBIEPNC693475105PNC FINL SVCS GROUP INC11,005151.3900001666046.953.17%52507777.061846278360.00
02/19/2020WBIEAMAT038222105APPLIED MATLS INC23,05565.1600001502263.802.86%52507777.061846278360.00
02/19/2020WBIETGT87612E106TARGET CORP11,180117.8300001317339.402.51%52507777.061846278360.00
02/19/2020WBIEPG742718109PROCTER & GAMBLE CO9,281124.8700001158918.472.21%52507777.061846278360.00
02/19/2020WBIEFDS303075105FACTSET RESH SYS INC3,801302.9300001151436.932.19%52507777.061846278360.00
02/19/2020WBIEV92826C839VISA INC5,040211.2000001064448.002.03%52507777.061846278360.00
02/19/2020WBIEBMY110122108BRISTOL-MYERS SQUIBB CO15,79766.0700001043707.791.99%52507777.061846278360.00
02/19/2020WBIEHUM444859102HUMANA INC2,796372.1200001040447.521.98%52507777.061846278360.00
02/19/2020WBIELRCX512807108LAM RESEARCH CORP2,745325.340000893058.301.70%52507777.061846278360.00
02/19/2020WBIEINTC458140100INTEL CORP10,96066.140000724894.401.38%52507777.061846278360.00
02/19/2020WBIECBOE12503M108CBOE GLOBAL MARKETS INC5,515123.540000681323.101.30%52507777.061846278360.00
02/19/2020WBIEEBAY278642103EBAY INC14,47237.870000548054.641.04%52507777.061846278360.00
02/19/2020WBIEITW452308109ILLINOIS TOOL WKS INC2,916186.480000543775.681.04%52507777.061846278360.00
02/19/2020WBIEZTS98978V103ZOETIS INC3,685143.650000529350.251.01%52507777.061846278360.00
02/19/2020WBIESHW824348106SHERWIN WILLIAMS CO870581.780000506148.600.96%52507777.061846278360.00
02/19/2020WBIECash&OtherCash&OtherCash & Other488,5391.000000488539.380.93%52507777.06184627836Y
02/19/2020WBIEEW28176E108EDWARDS LIFESCIENCES CORP2,068229.540000474688.720.90%52507777.061846278360.00
02/19/2020WBIEFAST311900104FASTENAL CO6,48138.290000248157.490.47%52507777.061846278360.00
Fund Goals

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

Prices
 As of: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,846,278
52.51
$28.42
5,722
-0.09%
1.13%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.72%
-2.72%
-2.72%
8.08%
7.34%
3.08
2.43%
Market
-2.55%
-2.55%
-2.55%
7.97%
7.29%
3.05
2.40%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.85
3.63
13.49
13.49
8.71
3.11
3.00
Market
1.62
3.27
13.17
13.17
8.68
2.94
2.93

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

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

Fund Characteristics
 As of: 1/31/2020
30-Day SEC Yield
0.82%
WBIE Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
QUALCOMM INC
PROGRESSIVE CORP OHIO
ADOBE INC
S&P Global Inc
CITRIX SYS INC
ACTIVISION BLIZZARD INC
D R HORTON INC
NVIDIA CORP
INGERSOLL-RAND PLC
DARDEN RESTAURANTS INC
4.65%
4.65%
4.64%
4.61%
4.56%
4.45%
4.31%
4.22%
4.05%
4.00%
27,708
29,296
6,426
7,897
19,399
36,650
36,612
7,464
14,653
17,440
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$27.80
- $0.14
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBIFNVDA67066G104NVIDIA CORP9,871296.5700002927442.475.43%53884963.171938315380.00
02/19/2020WBIFAMP03076C106AMERIPRISE FINL INC15,076177.2900002672824.044.96%53884963.171938315380.00
02/19/2020WBIFHUM444859102HUMANA INC7,081372.1200002634981.724.89%53884963.171938315380.00
02/19/2020WBIFQCOM747525103QUALCOMM INC28,47388.0300002506478.194.65%53884963.171938315380.00
02/19/2020WBIFSPGI78409V104S&P Global Inc8,036306.7400002464962.644.57%53884963.171938315380.00
02/19/2020WBIFCSCO17275R102CISCO SYS INC52,69646.5900002455106.644.56%53884963.171938315380.00
02/19/2020WBIFADBE00724F101ADOBE INC6,322378.8500002395089.704.44%53884963.171938315380.00
02/19/2020WBIFUNH91324P102UNITEDHEALTH GROUP INC7,612302.1400002299889.684.27%53884963.171938315380.00
02/19/2020WBIFINTU461202103INTUIT7,535303.5700002287399.954.24%53884963.171938315380.00
02/19/2020WBIFIRG47791101INGERSOLL-RAND PLC15,032144.9700002179189.044.04%53884963.171938315380.00
02/19/2020WBIFDRI237194105DARDEN RESTAURANTS INC18,009120.4900002169904.414.03%53884963.171938315380.00
02/19/2020WBIFCPB134429109CAMPBELL SOUP CO43,33148.2000002088554.203.88%53884963.171938315380.00
02/19/2020WBIFAVY053611109AVERY DENNISON CORP15,234135.9800002071519.323.84%53884963.171938315380.00
02/19/2020WBIFFITB316773100FIFTH THIRD BANCORP70,28429.2400002055104.163.81%53884963.171938315380.00
02/19/2020WBIFMTB55261F104M & T BK CORP11,734166.8000001957231.203.63%53884963.171938315380.00
02/19/2020WBIFFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM43,38944.4800001929942.723.58%53884963.171938315380.00
02/19/2020WBIFPG742718109PROCTER & GAMBLE CO14,718124.8700001837836.663.41%53884963.171938315380.00
02/19/2020WBIFCTXS177376100CITRIX SYS INC13,960123.5100001724199.603.20%53884963.171938315380.00
02/19/2020WBIFAMAT038222105APPLIED MATLS INC23,89665.1600001557063.362.89%53884963.171938315380.00
02/19/2020WBIFCash&OtherCash&OtherCash & Other1,461,5871.0000001461586.872.71%53884963.17193831538Y
02/19/2020WBIFBMY110122108BRISTOL-MYERS SQUIBB CO19,29366.0700001274688.512.37%53884963.171938315380.00
02/19/2020WBIFATVI00507V109ACTIVISION BLIZZARD INC18,48763.7400001178361.382.19%53884963.171938315380.00
02/19/2020WBIFLMT539830109LOCKHEED MARTIN CORP2,551435.5500001111088.052.06%53884963.171938315380.00
02/19/2020WBIFHON438516106HONEYWELL INTL INC5,981179.4200001073111.021.99%53884963.171938315380.00
02/19/2020WBIFCG14316J108CARLYLE GROUP INC26,37932.000000844128.001.57%53884963.171938315380.00
02/19/2020WBIFITW452308109ILLINOIS TOOL WKS INC4,473186.480000834125.041.55%53884963.171938315380.00
02/19/2020WBIFSHW824348106SHERWIN WILLIAMS CO1,357581.780000789475.461.47%53884963.171938315380.00
02/19/2020WBIFCOF14040H105CAPITAL ONE FINL CORP7,645103.030000787664.351.46%53884963.171938315380.00
02/19/2020WBIFZTS98978V103ZOETIS INC4,758143.650000683486.701.27%53884963.171938315380.00
02/19/2020WBIFACNG1151C101ACCENTURE PLC IRELAND3,141213.760000671420.161.25%53884963.171938315380.00
02/19/2020WBIFEBAY278642103EBAY INC15,12637.870000572821.621.06%53884963.171938315380.00
02/19/2020WBIFPH701094104PARKER HANNIFIN CORP1,798210.580000378622.840.70%53884963.171938315380.00
Fund Goals

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

Prices
 As of: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,938,315
53.89
$27.77
6,356
-0.11%
1.18%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-4.02%
-4.02%
-4.02%
-2.38%
3.47%
3.36
2.07%
Market
-4.15%
-4.15%
-4.15%
-2.48%
3.41%
3.21
2.04%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.77
3.99
2.76
2.76
5.39
3.82
2.89
Market
1.67
3.84
2.68
2.68
5.43
3.71
2.88

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

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

Fund Characteristics
 As of: 1/31/2020
30-Day SEC Yield
0.66%
WBIF Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
NVIDIA CORP
AMERIPRISE FINL INC
HUMANA INC
QUALCOMM INC
S&P Global Inc
CISCO SYS INC
ADOBE INC
UNITEDHEALTH GROUP INC
INTUIT
INGERSOLL-RAND PLC
5.43%
4.96%
4.89%
4.65%
4.57%
4.56%
4.44%
4.27%
4.24%
4.04%
9,871
15,076
7,081
28,473
8,036
52,696
6,322
7,612
7,535
15,032
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$24.40
- $0.14
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBIGNVDA67066G104NVIDIA CORP12,715296.5700003770887.555.19%72708418.712980183590.00
02/19/2020WBIGADBE00724F101ADOBE INC9,077378.8500003438821.454.73%72708418.712980183590.00
02/19/2020WBIGINTU461202103INTUIT10,862303.5700003297377.344.54%72708418.712980183590.00
02/19/2020WBIGFITB316773100FIFTH THIRD BANCORP104,21929.2400003047363.564.19%72708418.712980183590.00
02/19/2020WBIGDRI237194105DARDEN RESTAURANTS INC24,602120.4900002964294.984.08%72708418.712980183590.00
02/19/2020WBIGSPGI78409V104S&P Global Inc9,651306.7400002960347.744.07%72708418.712980183590.00
02/19/2020WBIGINTC458140100INTEL CORP43,49166.1400002876494.743.96%72708418.712980183590.00
02/19/2020WBIGCPB134429109CAMPBELL SOUP CO58,85348.2000002836714.603.90%72708418.712980183590.00
02/19/2020WBIGMTB55261F104M & T BK CORP16,857166.8000002811747.603.87%72708418.712980183590.00
02/19/2020WBIGAVY053611109AVERY DENNISON CORP20,633135.9800002805675.343.86%72708418.712980183590.00
02/19/2020WBIGIRG47791101INGERSOLL-RAND PLC19,253144.9700002791107.413.84%72708418.712980183590.00
02/19/2020WBIGVZ92343V104VERIZON COMMUNICATIONS INC47,84957.9100002770935.593.81%72708418.712980183590.00
02/19/2020WBIGABBV00287Y109ABBVIE INC27,87593.6100002609378.753.59%72708418.712980183590.00
02/19/2020WBIGCAH14149Y108CARDINAL HEALTH INC43,86259.0100002588296.623.56%72708418.712980183590.00
02/19/2020WBIGPFG74251V102PRINCIPAL FINL GROUP INC44,00255.2600002431550.523.34%72708418.712980183590.00
02/19/2020WBIGPG742718109PROCTER & GAMBLE CO18,517124.8700002312217.793.18%72708418.712980183590.00
02/19/2020WBIGUNH91324P102UNITEDHEALTH GROUP INC7,613302.1400002300191.823.16%72708418.712980183590.00
02/19/2020WBIGCG14316J108CARLYLE GROUP INC66,24132.0000002119712.002.92%72708418.712980183590.00
02/19/2020WBIGCTXS177376100CITRIX SYS INC16,938123.5100002092012.382.88%72708418.712980183590.00
02/19/2020WBIGAES00130H105AES CORP87,64321.0300001843132.292.53%72708418.712980183590.00
02/19/2020WBIGMSFT594918104MICROSOFT CORP9,169186.7200001712035.682.35%72708418.712980183594676.19
02/19/2020WBIGMET59156R108METLIFE INC28,85851.8300001495710.142.06%72708418.712980183590.00
02/19/2020WBIGITW452308109ILLINOIS TOOL WKS INC7,979186.4800001487923.922.05%72708418.712980183590.00
02/19/2020WBIGHUM444859102HUMANA INC4,012372.1200001492945.442.05%72708418.712980183590.00
02/19/2020WBIGBMY110122108BRISTOL-MYERS SQUIBB CO21,87866.0700001445479.461.99%72708418.712980183590.00
02/19/2020WBIGHON438516106HONEYWELL INTL INC8,083179.4200001450251.861.99%72708418.712980183590.00
02/19/2020WBIGAMAT038222105APPLIED MATLS INC22,15765.1600001443750.121.99%72708418.712980183590.00
02/19/2020WBIGSHW824348106SHERWIN WILLIAMS CO2,441581.7800001420124.981.95%72708418.712980183590.00
02/19/2020WBIGATVI00507V109ACTIVISION BLIZZARD INC17,38263.7400001107928.681.52%72708418.712980183590.00
02/19/2020WBIGAMP03076C106AMERIPRISE FINL INC6,200177.2900001099198.001.51%72708418.712980183590.00
02/19/2020WBIGEBAY278642103EBAY INC25,49437.870000965457.781.33%72708418.712980183590.00
02/19/2020WBIGEMR291011104EMERSON ELEC CO13,02871.440000930720.321.28%72708418.712980183590.00
02/19/2020WBIGACNG1151C101ACCENTURE PLC IRELAND3,599213.760000769322.241.06%72708418.712980183590.00
02/19/2020WBIGUNP907818108UNION PACIFIC CORP4,048182.100000737140.801.01%72708418.712980183590.00
02/19/2020WBIGCash&OtherCash&OtherCash & Other479,8781.000000479877.770.66%72708418.71298018359Y
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: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,980,183
72.71
$24.38
9,677
-0.07%
1.04%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-4.24%
-4.24%
-4.24%
2.42%
5.15%
1.18
0.26%
Market
-3.80%
-3.80%
-3.80%
2.60%
5.18%
1.14
0.25%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
2.53
4.19
7.42
7.42
7.30
1.58
1.08
Market
2.07
3.64
7.12
7.12
7.23
1.42
0.98

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.

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

Fund Characteristics
 As of: 1/31/2020
30-Day SEC Yield
1.49%
WBIG Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
NVIDIA CORP
ADOBE INC
INTUIT
FIFTH THIRD BANCORP
DARDEN RESTAURANTS INC
S&P Global Inc
INTEL CORP
CAMPBELL SOUP CO
M & T BK CORP
AVERY DENNISON CORP
5.19%
4.73%
4.54%
4.19%
4.08%
4.07%
3.96%
3.90%
3.87%
3.86%
12,715
9,077
10,862
104,219
24,602
9,651
43,491
58,853
16,857
20,633
Premium/Discount

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

Fund Information
 As of: 02/18/2020
NAV Daily Change Fact Sheet Holdings
$27.66
- $0.08
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/19/2020WBILNVDA67066G104NVIDIA CORP8,692296.5700002577786.445.40%47778517.511727182340.00
02/19/2020WBILAMP03076C106AMERIPRISE FINL INC13,060177.2900002315407.404.85%47778517.511727182340.00
02/19/2020WBILFDS303075105FACTSET RESH SYS INC7,471302.9300002263190.034.74%47778517.511727182340.00
02/19/2020WBILADBE00724F101ADOBE INC5,880378.8500002227638.004.66%47778517.511727182340.00
02/19/2020WBILINTU461202103INTUIT7,195303.5700002184186.154.57%47778517.511727182340.00
02/19/2020WBILCTXS177376100CITRIX SYS INC17,485123.5100002159572.354.52%47778517.511727182340.00
02/19/2020WBILETNG29183103EATON CORP PLC20,016104.4700002091071.524.38%47778517.511727182340.00
02/19/2020WBILAVY053611109AVERY DENNISON CORP15,297135.9800002080086.064.35%47778517.511727182340.00
02/19/2020WBILPG742718109PROCTER & GAMBLE CO16,402124.8700002048117.744.29%47778517.511727182340.00
02/19/2020WBILCPB134429109CAMPBELL SOUP CO41,99148.2000002023966.204.24%47778517.511727182340.00
02/19/2020WBILDRI237194105DARDEN RESTAURANTS INC16,002120.4900001928080.984.04%47778517.511727182340.00
02/19/2020WBILFAST311900104FASTENAL CO50,25138.2900001924110.794.03%47778517.511727182340.00
02/19/2020WBILCHD171340102CHURCH & DWIGHT INC25,02376.1500001905501.453.99%47778517.511727182340.00
02/19/2020WBILSPGI78409V104S&P Global Inc5,989306.7400001837065.863.84%47778517.511727182340.00
02/19/2020WBILALLEG0176J109ALLEGION PUB LTD CO13,263134.3600001782016.683.73%47778517.511727182340.00
02/19/2020WBILAMAT038222105APPLIED MATLS INC26,45865.1600001724003.283.61%47778517.511727182340.00
02/19/2020WBILBMY110122108BRISTOL-MYERS SQUIBB CO21,45066.0700001417201.502.97%47778517.511727182340.00
02/19/2020WBILNOC666807102NORTHROP GRUMMAN CORP3,806372.4200001417430.522.97%47778517.511727182340.00
02/19/2020WBILACNG1151C101ACCENTURE PLC IRELAND6,200213.7600001325312.002.77%47778517.511727182340.00
02/19/2020WBILSEIC784117103SEI INVESTMENTS CO16,01168.8000001101556.802.31%47778517.511727182340.00
02/19/2020WBILHON438516106HONEYWELL INTL INC5,964179.4200001070060.882.24%47778517.511727182340.00
02/19/2020WBILLHX502431109L3HARRIS TECHNOLOGIES INC4,380228.7300001001837.402.10%47778517.511727182340.00
02/19/2020WBILATVI00507V109ACTIVISION BLIZZARD INC15,14963.740000965597.262.02%47778517.511727182340.00
02/19/2020WBILITW452308109ILLINOIS TOOL WKS INC5,182186.480000966339.362.02%47778517.511727182340.00
02/19/2020WBILRTN755111507RAYTHEON CO4,158224.000000931392.001.95%47778517.511727182340.00
02/19/2020WBILGL37959E102GLOBE LIFE INC7,146110.330000788418.181.65%47778517.511727182340.00
02/19/2020WBILINTC458140100INTEL CORP10,61366.140000701943.821.47%47778517.511727182340.00
02/19/2020WBILCMCSA20030N101COMCAST CORP NEW10,63546.150000490805.251.03%47778517.511727182340.00
02/19/2020WBILLRCX512807108LAM RESEARCH CORP1,498325.340000487359.321.02%47778517.511727182340.00
02/19/2020WBILV92826C839VISA INC2,278211.200000481113.601.01%47778517.511727182340.00
02/19/2020WBILUNP907818108UNION PACIFIC CORP2,614182.100000476009.401.00%47778517.511727182340.00
02/19/2020WBILIEX45167R104IDEX CORP2,128174.950000372293.600.78%47778517.511727182340.00
02/19/2020WBILZTS98978V103ZOETIS INC2,536143.650000364296.400.76%47778517.511727182340.00
02/19/2020WBILCash&OtherCash&OtherCash & Other346,2651.000000346265.310.72%47778517.51172718234Y
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: 02/18/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,727,182
47.78
$27.64
6,882
-0.08%
1.21%
Performance Month End
 As of: 01/31/2020
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-2.52%
-2.52%
-2.52%
7.64%
5.17%
2.82
1.80%
Market
-2.42%
-2.42%
-2.42%
7.61%
5.20%
2.78
1.78%
Performance Quarter End
 As of: 12/31/2019
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
2.27
2.63
11.81
11.81
6.43
3.15
2.32
Market
2.13
2.48
11.65
11.65
6.43
3.04
2.28

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

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

Fund Characteristics
 As of: 1/31/2020
30-Day SEC Yield
0.59%
WBIL Top Holdings
 As of: 02/19/2020
Security Name Weightings Shares
NVIDIA CORP
AMERIPRISE FINL INC
FACTSET RESH SYS INC
ADOBE INC
INTUIT
CITRIX SYS INC
EATON CORP PLC
AVERY DENNISON CORP
PROCTER & GAMBLE CO
CAMPBELL SOUP CO
5.40%
4.85%
4.74%
4.66%
4.57%
4.52%
4.38%
4.35%
4.29%
4.24%
8,692
13,060
7,471
5,880
7,195
17,485
20,016
15,297
16,402
41,991
Premium/Discount

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

Download all holdings data

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

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

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

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

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

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

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