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: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$27.14
$0.10
0.22%
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: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net/Gross Expense Ratio
2,300,000
62.42
$27.13
2,676
-0.03%
0.70% / 0.77%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
7.04%
18.83%
18.83%
84.33%
6.93%
7.23%
Market
6.80%
18.85%
18.85%
84.55%
6.90%
7.24%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
7.04
18.83
18.83
84.33
6.93
7.23
Market
6.80
18.85
18.85
84.55
6.90
7.24

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: 3/31/2021
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
3.97%
3.69%

WBIY Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
PHILIP MORRIS INTL INC
INTERNATIONAL BUSINESS MACHS COM
AT&T INC
SEAGATE TECHNOLOGY PLC
LYONDELLBASELL INDUSTRIES N V SHS - A -
ABBVIE INC
LUMEN TECHNOLOGIES INC
VERIZON COMMUNICATIONS INC
INTERPUBLIC GROUP COS INC
OMNICOM GROUP INC
7.60%
6.91%
6.87%
4.80%
4.43%
4.26%
4.23%
4.16%
3.43%
2.94%
51,780
32,592
143,529
37,109
26,240
24,636
204,433
44,678
71,946
23,114
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBIYPM718172109PHILIP MORRIS INTL INC51,78090.7800004700588.407.60%61874830.002300000460.00
04/14/2021WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM32,592131.1800004275418.566.91%61874830.002300000460.00
04/14/2021WBIYT00206R102AT&T INC143,52929.6300004252764.276.87%61874830.002300000460.00
04/14/2021WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC37,10979.9800002967977.824.80%61874830.002300000460.00
04/14/2021WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -26,240104.5700002743916.804.43%61874830.002300000460.00
04/14/2021WBIYABBV00287Y109ABBVIE INC24,636106.9200002634081.124.26%61874830.0023000004632026.80
04/14/2021WBIYLUMN550241103LUMEN TECHNOLOGIES INC204,43312.8000002616742.404.23%61874830.002300000460.00
04/14/2021WBIYVZ92343V104VERIZON COMMUNICATIONS INC44,67857.6200002574346.364.16%61874830.002300000460.00
04/14/2021WBIYIPG460690100INTERPUBLIC GROUP COS INC71,94629.5400002125284.843.43%61874830.002300000460.00
04/14/2021WBIYOMC681919106OMNICOM GROUP INC23,11478.5900001816529.262.94%61874830.002300000460.00
04/14/2021WBIYHRB093671105BLOCK H & R INC64,57122.4000001446390.402.34%61874830.002300000460.00
04/14/2021WBIYSXC86722A103SUNCOKE ENERGY INC225,3756.3600001433385.002.32%61874830.002300000460.00
04/14/2021WBIYIP460146103INTERNATIONAL PAPER CO20,26055.2800001119972.801.81%61874830.002300000460.00
04/14/2021WBIYETH297602104ETHAN ALLEN INTERIORS INC40,18527.4700001103881.951.78%61874830.002300000460.00
04/14/2021WBIYVGR92240M108VECTOR GROUP LTD76,48114.2400001089089.441.76%61874830.002300000460.00
04/14/2021WBIYRGP76122Q105RESOURCES CONNECTION INC76,98314.1500001089309.451.76%61874830.002300000460.00
04/14/2021WBIYSWM808541106SCHWEITZER-MAUDUIT INTL INC21,88649.1500001075696.901.74%61874830.002300000460.00
04/14/2021WBIYSGU85512C105STAR GROUP L P98,55310.7800001062401.341.72%61874830.002300000460.00
04/14/2021WBIYVLGEA927107409VILLAGE SUPER MKT INC41,22925.0100001031137.291.67%61874830.002300000460.00
04/14/2021WBIYXRX98421M106XEROX HOLDINGS CORP41,74524.5400001024422.301.66%61874830.002300000460.00
04/14/2021WBIYSPTN847215100SPARTANNASH CO51,60019.7600001019616.001.65%61874830.002300000460.00
04/14/2021WBIYUVV913456109UNIVERSAL CORP VA17,84957.1500001020070.351.65%61874830.002300000460.00
04/14/2021WBIYBGS05508R106B & G FOODS INC NEW33,51529.680000994725.201.61%61874830.002300000460.00
04/14/2021WBIYSPKE846511103SPARK ENERGY INC85,38510.430000890565.551.44%61874830.002300000460.00
04/14/2021WBIYCash&OtherCash&OtherCash & Other873,8581.000000873857.721.41%61874830.00230000046Y
04/14/2021WBIYPBCT712704105PEOPLES UNITED FINANCIAL INC COM44,64417.960000801806.241.30%61874830.002300000460.00
04/14/2021WBIYHBI410345102HANESBRANDS INC38,74020.050000776737.001.26%61874830.002300000460.00
04/14/2021WBIYPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM10,53762.220000655612.141.06%61874830.002300000460.00
04/14/2021WBIYISBC46146L101INVESTORS BANCORP INC NEW42,20214.670000619103.341.00%61874830.002300000460.00
04/14/2021WBIYCMA200340107COMERICA INC8,75770.580000618069.061.00%61874830.002300000460.00
04/14/2021WBIYPFBI74050M105PREMIER FINL BANCORP INC32,62618.850000615000.100.99%61874830.002300000460.00
04/14/2021WBIYUNM91529Y106UNUM GROUP21,06828.350000597277.800.97%61874830.002300000460.00
04/14/2021WBIYORI680223104OLD REP INTL CORP25,65623.330000598554.480.97%61874830.002300000460.00
04/14/2021WBIYMCY589400100MERCURY GENL CORP NEW9,24664.010000591836.460.96%61874830.002300000460.00
04/14/2021WBIYUNB905400107UNION BANKSHARES INC19,03230.480000580095.360.94%61874830.002300000460.00
04/14/2021WBIYFHN320517105FIRST HORIZON CORPORATION34,01217.140000582965.680.94%61874830.002300000460.00
04/14/2021WBIYAGM313148306FEDERAL AGRIC MTG CORP6,00897.240000584217.920.94%61874830.002300000460.00
04/14/2021WBIYNAVI63938C108NAVIENT CORPORATION39,71114.530000577000.830.93%61874830.002300000460.00
04/14/2021WBIYSNV87161C501SYNOVUS FINL CORP12,39945.390000562790.610.91%61874830.002300000460.00
04/14/2021WBIYHOPE43940T109HOPE BANCORP INC36,38815.125000550368.500.89%61874830.002300000460.00
04/14/2021WBIYNYCB649445103NEW YORK CMNTY BANCORP INC43,20812.500000540100.000.87%61874830.002300000460.00
04/14/2021WBIYBFIN06643P104BANKFINANCIAL CORP52,73210.230000539448.360.87%61874830.002300000460.00
04/14/2021WBIYUBFO911460103UNITED SEC BANCSHARES CALIF67,8297.770000527031.330.85%61874830.002300000460.00
04/14/2021WBIYSAFT78648T100SAFETY INS GROUP INC6,07685.260000518039.760.84%61874830.002300000460.00
04/14/2021WBIYFRAF353525108FRANKLIN FINL SVCS CORP17,23229.650000510928.800.83%61874830.002300000460.00
04/14/2021WBIYASB045487105ASSOCIATED BANC CORP23,67421.350000505439.900.82%61874830.002300000460.00
04/14/2021WBIYFNLC31866P102FIRST BANCORP INC ME17,57228.330000497814.760.80%61874830.002300000460.00
04/14/2021WBIYCFFI12466Q104C & F FINL CORP11,96340.780000487851.140.79%61874830.002300000460.00
04/14/2021WBIYATLO031001100AMES NATL CORP19,16925.400000486892.600.79%61874830.002300000460.00
04/14/2021WBIYPWOD708430103PENNS WOODS BANCORP INC20,37823.920000487441.760.79%61874830.002300000460.00
04/14/2021WBIYWDR930059100WADDELL & REED FINL INC19,20224.950000479089.900.77%61874830.002300000460.00
Premium/Discount
Download Premium/Discount
Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$20.16
- $0.03
0.30%
Fund Goals

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

Prices
As of: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,475,000
29.73
$20.14
5,165
-0.10%
0.89%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
0.65%
0.37%
0.37%
23.05%
 
5.35%
Market
0.70%
0.26%
0.26%
22.92%
 
5.29%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 5/28/2019
NAV
0.65
0.37
0.37
23.05
 
5.35
Market
0.70
0.26
0.26
22.92
 
5.29

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: 3/31/2021
30-Day SEC Yield
4.28%

WBIT Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
Cash & Other
39.60%
39.43%
19.88%
1.09%
285,998
293,303
184,788
325,348
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBITUSHY46435U853ISHARES TR BROAD USD HIGH285,99841.21000011785977.5839.60%29763287.501475000590.00
04/14/2021WBITHYLB233051432DBX ETF TR XTRACK USD HIGH293,30340.00800011734466.4239.43%29763287.501475000590.00
04/14/2021WBITANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG184,78832.0200005916911.7619.88%29763287.501475000590.00
04/14/2021WBITCash&OtherCash&OtherCash & Other325,3481.000000325347.661.09%29763287.50147500059Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$17.21
- $0.03
0.47%
Fund Goals

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

Prices
As of: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
475,000
8.18
$17.22
313
0.01%
0.93%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
0.65%
0.35%
0.35%
10.34%
 
-2.75%
Market
0.58%
0.35%
0.35%
10.23%
 
-2.79%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/18/2019
NAV
0.65
0.35
0.35
10.34
 
-2.75
Market
0.58
0.35
0.35
10.23
 
-2.79

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: 3/31/2021
30-Day SEC Yield
4.22%

WBIN Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
ISHARES TR BROAD USD HIGH
DBX ETF TR XTRACK USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
Cash & Other
40.41%
40.20%
18.77%
0.62%
79,931
81,906
47,777
50,399
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBINUSHY46435U853ISHARES TR BROAD USD HIGH79,93141.2100003293956.5140.41%8151237.50475000190.00
04/14/2021WBINHYLB233051432DBX ETF TR XTRACK USD HIGH81,90640.0080003276895.2540.20%8151237.50475000190.00
04/14/2021WBINANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG47,77732.0200001529819.5418.77%8151237.50475000190.00
04/14/2021WBINCash&OtherCash&OtherCash & Other50,3991.00000050399.120.62%8151237.5047500019Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.71
- $0.03
0.16%
Fund Goals

  • Manage risk to capital
  • Generate high current yield that helps to promote compounding
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in income-producing debt and equity securities of foreign and domestic companies

Prices
As of: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,150,000
53.12
$24.71
3,042
-0.01%
1.22%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
0.46%
-0.40%
-0.40%
10.74%
3.92%
2.72
2.40%
Market
0.73%
-0.13%
-0.13%
11.06%
3.90%
2.69
2.40%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
0.46
-0.40
-0.40
10.74
3.92
2.72
2.40
Market
0.73
-0.13
-0.13
11.06
3.90
2.69
2.40

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: 3/31/2021
30-Day SEC Yield
3.72%
WBII Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
DBX ETF TR XTRACK USD HIGH
ISHARES TR BROAD USD HIGH
VANECK VECTORS ETF TR FALLEN ANGEL HG
SPDR SER TR BLOOMBERG SRT TR
ISHARES TR 0-5YR HI YL CP
Cash & Other
43.11%
35.24%
10.00%
5.51%
5.30%
0.85%
571,458
453,437
165,587
106,804
61,396
448,345
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBIIHYLB233051432DBX ETF TR XTRACK USD HIGH571,45840.00800022862891.6643.11%53032330.002150000430.00
04/14/2021WBIIUSHY46435U853ISHARES TR BROAD USD HIGH453,43741.21000018686138.7735.24%53032330.002150000430.00
04/14/2021WBIIANGL92189F437VANECK VECTORS ETF TR FALLEN ANGEL HG165,58732.0200005302095.7410.00%53032330.002150000430.00
04/14/2021WBIISJNK78468R408SPDR SER TR BLOOMBERG SRT TR106,80427.3500002921089.405.51%53032330.002150000430.00
04/14/2021WBIISHYG46434V407ISHARES TR 0-5YR HI YL CP61,39645.7700002810094.925.30%53032330.002150000430.00
04/14/2021WBIICash&OtherCash&OtherCash & Other448,3451.000000448345.230.85%53032330.00215000043Y
Premium/Discount
Download Premium/Discount
Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$30.04
$0.08
0.17%
Fund Goals

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

Prices
As of: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
546,278
16.41
$30.04
300,941
-0.01%
1.24%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
4.77%
3.52%
3.52%
15.51%
5.16%
6.56
3.15%
Market
4.57%
3.78%
3.78%
15.65%
5.19%
6.60
3.16%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
4.77
3.52
3.52
15.51
5.16
6.56
3.15
Market
4.57
3.78
3.78
15.65
5.19
6.60
3.16

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: 3/31/2021
30-Day SEC Yield
0.89%
WBIE Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
Cash & Other
POLARIS INC
NEWMONT CORP
BROADRIDGE FINL SOLUTIONS INC COM
EVERCORE INC
TEXAS INSTRS INC
JPMORGAN CHASE & CO.
MICROSOFT CORP
GOLDMAN SACHS GROUP INC
PRICE T ROWE GROUP INC
23.54%
4.57%
4.43%
4.36%
3.88%
3.70%
3.62%
3.61%
3.59%
3.52%
2,088,410
2,838
6,317
2,481
2,604
1,718
2,086
1,238
971
1,765
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBIECash&OtherCash&OtherCash & Other2,088,4101.0000002088410.1523.54%8873348.332962785Y
04/14/2021WBIEPII731068102POLARIS INC2,838143.030000405919.144.57%8873348.3329627850.00
04/14/2021WBIENEM651639106NEWMONT CORP6,31762.250000393233.254.43%8873348.3329627850.00
04/14/2021WBIEBR11133T103BROADRIDGE FINL SOLUTIONS INC COM2,481155.770000386465.374.36%8873348.3329627850.00
04/14/2021WBIEEVR29977A105EVERCORE INC2,604132.220000344300.883.88%8873348.3329627850.00
04/14/2021WBIETXN882508104TEXAS INSTRS INC1,718191.240000328550.323.70%8873348.3329627850.00
04/14/2021WBIEJPM46625H100JPMORGAN CHASE & CO.2,086154.090000321431.743.62%8873348.3329627850.00
04/14/2021WBIEMSFT594918104MICROSOFT CORP1,238258.490000320010.623.61%8873348.3329627850.00
04/14/2021WBIEGS38141G104GOLDMAN SACHS GROUP INC971327.680000318177.283.59%8873348.3329627850.00
04/14/2021WBIETROW74144T108PRICE T ROWE GROUP INC1,765176.930000312281.453.52%8873348.3329627850.00
04/14/2021WBIEPRU744320102PRUDENTIAL FINL INC2,64395.280000251825.042.84%8873348.3329627850.00
04/14/2021WBIEGL37959E102GLOBE LIFE INC2,403100.640000241837.922.73%8873348.3329627850.00
04/14/2021WBIEPH701094104PARKER-HANNIFIN CORP737315.610000232604.572.62%8873348.3329627850.00
04/14/2021WBIEPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM3,52062.220000219014.402.47%8873348.3329627850.00
04/14/2021WBIECMI231021106CUMMINS INC836260.420000217711.122.45%8873348.3329627850.00
04/14/2021WBIERS759509102RELIANCE STEEL & ALUMINUM CO COM1,365154.300000210619.502.37%8873348.3329627850.00
04/14/2021WBIEFAST311900104FASTENAL CO4,06049.980000202918.802.29%8873348.3329627850.00
04/14/2021WBIESHOP82509L107SHOPIFY INC1611241.540000199887.942.25%8873348.3329627850.00
04/14/2021WBIEPHM745867101PULTE GROUP INC3,63654.050000196525.802.21%8873348.3329627850.00
04/14/2021WBIEIRM46284V101IRON MTN INC NEW5,11838.030000194637.542.19%8873348.3329627850.00
04/14/2021WBIESTLD858119100STEEL DYNAMICS INC3,62650.420000182822.922.06%8873348.3329627850.00
04/14/2021WBIEPGR743315103PROGRESSIVE CORP1,75597.290000170743.951.92%8873348.3329627850.00
04/14/2021WBIECDW12514G108CDW CORP967175.890000170085.631.92%8873348.3329627850.00
04/14/2021WBIEABBV00287Y109ABBVIE INC1,560106.920000166795.201.88%8873348.3329627852028.00
04/14/2021WBIESTZ21036P108CONSTELLATION BRANDS INC735226.570000166528.951.88%8873348.3329627850.00
04/14/2021WBIESCI817565104SERVICE CORP INTL3,18051.510000163801.801.85%8873348.3329627850.00
04/14/2021WBIEFAF31847R102FIRST AMERN FINL CORP2,39660.400000144718.401.63%8873348.3329627850.00
04/14/2021WBIEEMR291011104EMERSON ELEC CO1,56690.630000141926.581.60%8873348.3329627850.00
04/14/2021WBIEKR501044101KROGER CO2,57537.58000096768.501.09%8873348.3329627850.00
04/14/2021WBIEBWXT05605H100BWX TECHNOLOGIES INC1,24367.03000083318.290.94%8873348.3329627850.00
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Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$31.18
$0.16
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 consistent fundamentals and strong value characteristics

Prices
As of: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,538,315
47.97
$31.18
2,134
-0.01%
1.25%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
6.32%
11.66%
11.66%
20.59%
3.07%
7.28
3.64%
Market
6.45%
11.96%
11.96%
20.94%
3.03%
7.35
3.67%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
6.32
11.66
11.66
20.59
3.07
7.28
3.64
Market
6.45
11.96
11.96
20.94
3.03
7.35
3.67

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: 3/31/2021
30-Day SEC Yield
0.87%
WBIF Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
LOCKHEED MARTIN CORP
BEST BUY INC
RAYMOND JAMES FINL INC
AMERIPRISE FINL INC
PRINCIPAL FINANCIAL GROUP INC COM
TARGET CORP
TOLL BROTHERS INC
GRAINGER W W INC
AMERICAN FINL GROUP INC OHIO COM
BROADRIDGE FINL SOLUTIONS INC COM
5.07%
5.01%
4.83%
4.66%
4.63%
4.48%
4.32%
4.31%
4.30%
4.17%
6,250
19,803
18,185
9,140
35,536
10,434
34,536
5,142
17,418
12,764
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBIFLMT539830109LOCKHEED MARTIN CORP6,250387.1100002419437.505.07%47735606.601538315300.00
04/14/2021WBIFBBY086516101BEST BUY INC19,803120.8200002392598.465.01%47735606.601538315300.00
04/14/2021WBIFRJF754730109RAYMOND JAMES FINL INC18,185126.8600002306949.104.83%47735606.601538315300.00
04/14/2021WBIFAMP03076C106AMERIPRISE FINL INC9,140243.2900002223670.604.66%47735606.601538315300.00
04/14/2021WBIFPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM35,53662.2200002211049.924.63%47735606.601538315300.00
04/14/2021WBIFTGT87612E106TARGET CORP10,434204.9400002138343.964.48%47735606.601538315300.00
04/14/2021WBIFTOL889478103TOLL BROTHERS INC34,53659.6900002061453.844.32%47735606.601538315300.00
04/14/2021WBIFGWW384802104GRAINGER W W INC5,142400.1500002057571.304.31%47735606.601538315300.00
04/14/2021WBIFAFG025932104AMERICAN FINL GROUP INC OHIO COM17,418117.9000002053582.204.30%47735606.601538315308709.00
04/14/2021WBIFBR11133T103BROADRIDGE FINL SOLUTIONS INC COM12,764155.7700001988248.284.17%47735606.601538315300.00
04/14/2021WBIFKMB494368103KIMBERLY-CLARK CORP14,454137.2100001983233.344.15%47735606.601538315300.00
04/14/2021WBIFTSN902494103TYSON FOODS INC24,88376.9700001915244.514.01%47735606.601538315300.00
04/14/2021WBIFHCA40412C101HCA HEALTHCARE INC9,817188.5800001851289.863.88%47735606.601538315300.00
04/14/2021WBIFUPS911312106UNITED PARCEL SERVICE INC10,211179.4200001832057.623.84%47735606.601538315300.00
04/14/2021WBIFEMR291011104EMERSON ELEC CO20,02690.6300001814956.383.80%47735606.601538315300.00
04/14/2021WBIFSJM832696405SMUCKER J M CO13,255129.8100001720631.553.60%47735606.601538315300.00
04/14/2021WBIFDGX74834L100QUEST DIAGNOSTICS INC12,566128.3900001613348.743.38%47735606.601538315300.00
04/14/2021WBIFCDW12514G108CDW CORP8,640175.8900001519689.603.18%47735606.601538315300.00
04/14/2021WBIFMSFT594918104MICROSOFT CORP4,907258.4900001268410.432.66%47735606.601538315300.00
04/14/2021WBIFSF860630102STIFEL FINL CORP17,70666.8900001184354.342.48%47735606.601538315300.00
04/14/2021WBIFSHOP82509L107SHOPIFY INC8791241.5400001091313.662.29%47735606.601538315300.00
04/14/2021WBIFJEF47233W109JEFFERIES FINL GROUP INC34,28631.2200001070408.922.24%47735606.601538315300.00
04/14/2021WBIFABBV00287Y109ABBVIE INC9,622106.9200001028784.242.16%47735606.6015383153012508.60
04/14/2021WBIFCRH12626K203CRH PLC19,99548.100000961759.502.01%47735606.601538315300.00
04/14/2021WBIFFAF31847R102FIRST AMERN FINL CORP14,76760.400000891926.801.87%47735606.601538315300.00
04/14/2021WBIFPH701094104PARKER-HANNIFIN CORP2,465315.610000777978.651.63%47735606.601538315300.00
04/14/2021WBIFPG742718109PROCTER AND GAMBLE CO5,134135.110000693654.741.45%47735606.601538315300.00
04/14/2021WBIFSCI817565104SERVICE CORP INTL12,81651.510000660152.161.38%47735606.601538315300.00
04/14/2021WBIFNEM651639106NEWMONT CORP9,06162.250000564047.251.18%47735606.601538315300.00
04/14/2021WBIFACNG1151C101ACCENTURE PLC IRELAND1,879284.340000534274.861.12%47735606.601538315301653.52
04/14/2021WBIFWRB084423102BERKLEY W R CORP5,92978.720000466730.880.98%47735606.601538315300.00
04/14/2021WBIFCash&OtherCash&OtherCash & Other436,8201.000000436820.270.92%47735606.60153831530Y
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Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$25.99
$0.15
0.24%
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: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,780,183
46.26
$25.97
2,307
-0.07%

1.14%

Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
4.18%
7.19%
7.19%
15.06%
1.20%
5.36
1.40%
Market
4.11%
7.55%
7.55%
15.23%
1.10%
5.40
1.40%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
4.18
7.19
7.19
15.06
1.20
5.36
1.40
Market
4.11
7.55
7.55
15.23
1.10
5.40
1.40

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: 3/31/2021
30-Day SEC Yield
1.77%
WBIG Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM
RAYMOND JAMES FINL INC
3M CO
OGE ENERGY CORP
KRAFT HEINZ CO
ABBVIE INC
COCA COLA EUROPEAN PARTNERS P SHS
KIMBERLY-CLARK CORP
BROADRIDGE FINL SOLUTIONS INC COM
STATE STR CORP
4.97%
4.84%
4.67%
4.66%
4.64%
4.47%
4.36%
4.32%
4.24%
4.05%
52,014
17,572
10,936
65,706
52,227
19,251
36,962
14,506
12,521
21,734
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBIGFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM52,01443.9500002286015.304.97%46032684.091780183350.00
04/14/2021WBIGRJF754730109RAYMOND JAMES FINL INC17,572126.8600002229183.924.84%46032684.091780183350.00
04/14/2021WBIGMMM88579Y1013M CO10,936196.4700002148595.924.67%46032684.091780183350.00
04/14/2021WBIGOGE670837103OGE ENERGY CORP65,70632.6300002143986.784.66%46032684.091780183350.00
04/14/2021WBIGKHC500754106KRAFT HEINZ CO52,22740.9200002137128.844.64%46032684.091780183350.00
04/14/2021WBIGABBV00287Y109ABBVIE INC19,251106.9200002058316.924.47%46032684.0917801833525026.30
04/14/2021WBIGCCEPG25839104COCA COLA EUROPEAN PARTNERS P SHS36,96254.2700002005927.744.36%46032684.091780183350.00
04/14/2021WBIGKMB494368103KIMBERLY-CLARK CORP14,506137.2100001990368.264.32%46032684.091780183350.00
04/14/2021WBIGBR11133T103BROADRIDGE FINL SOLUTIONS INC COM12,521155.7700001950396.174.24%46032684.091780183350.00
04/14/2021WBIGSTT857477103STATE STR CORP21,73485.7500001863690.504.05%46032684.091780183350.00
04/14/2021WBIGMSFT594918104MICROSOFT CORP7,071258.4900001827782.793.97%46032684.091780183350.00
04/14/2021WBIGMET59156R108METLIFE INC29,37962.0500001822966.953.96%46032684.091780183350.00
04/14/2021WBIGTGT87612E106TARGET CORP8,819204.9400001807365.863.93%46032684.091780183350.00
04/14/2021WBIGFAF31847R102FIRST AMERN FINL CORP29,90560.4000001806262.003.92%46032684.091780183350.00
04/14/2021WBIGUPS911312106UNITED PARCEL SERVICE INC9,941179.4200001783614.223.87%46032684.091780183350.00
04/14/2021WBIGCAH14149Y108CARDINAL HEALTH INC23,59660.1400001419063.443.08%46032684.091780183350.00
04/14/2021WBIGIRM46284V101IRON MTN INC NEW36,14738.0300001374670.412.99%46032684.091780183350.00
04/14/2021WBIGVIRT928254101VIRTU FINL INC43,80930.8200001350193.382.93%46032684.091780183350.00
04/14/2021WBIGGILD375558103GILEAD SCIENCES INC18,96564.8900001230638.852.67%46032684.091780183350.00
04/14/2021WBIGPH701094104PARKER-HANNIFIN CORP3,611315.6100001139667.712.48%46032684.091780183350.00
04/14/2021WBIGJHGG4474Y214JANUS HENDERSON GROUP PLC34,97932.1400001124225.062.44%46032684.091780183350.00
04/14/2021WBIGSHOP82509L107SHOPIFY INC8861241.5400001100004.442.39%46032684.091780183350.00
04/14/2021WBIGCMI231021106CUMMINS INC4,104260.4200001068763.682.32%46032684.091780183350.00
04/14/2021WBIGPRU744320102PRUDENTIAL FINL INC10,77195.2800001026260.882.23%46032684.091780183350.00
04/14/2021WBIGNWL651229106NEWELL BRANDS INC35,77326.840000960147.322.09%46032684.091780183350.00
04/14/2021WBIGHPQ40434L105HP INC28,91133.040000955219.442.08%46032684.091780183350.00
04/14/2021WBIGBBY086516101BEST BUY INC7,664120.820000925964.482.01%46032684.091780183350.00
04/14/2021WBIGLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -6,411104.570000670398.271.46%46032684.091780183350.00
04/14/2021WBIGSCI817565104SERVICE CORP INTL12,74751.510000656597.971.43%46032684.091780183350.00
04/14/2021WBIGTROW74144T108PRICE T ROWE GROUP INC2,511176.930000444271.230.97%46032684.091780183350.00
04/14/2021WBIGTSN902494103TYSON FOODS INC4,90576.970000377537.850.82%46032684.091780183350.00
04/14/2021WBIGCash&OtherCash&OtherCash & Other345,8871.000000345886.830.75%46032684.09178018335Y
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Fund Information
As of: 04/12/2021
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$29.70
$0.02
0.27%
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small-, mid- and large-cap securities with strong measures of financial health and potential for growth.

Prices
As of: 04/12/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,827,182
54.27
$29.71
418,196
0.01%
1.23%
Performance Month End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
5.89%
8.23%
8.23%
15.00%
3.32%
6.54
2.78%
Market
5.90%
8.70%
8.70%
15.20%
3.26%
6.59
2.80%
Performance Quarter End
As of: 03/31/2021
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
5.89
8.23
8.23
15.00
3.32
6.54
2.78
Market
5.90
8.70
8.70
15.20
3.26
6.59
2.80

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: 3/31/2021
30-Day SEC Yield
0.56%
WBIL Top Holdings
As of: 04/14/2021
Security Name Weightings Shares
POLARIS INC
Cash & Other
BEST BUY INC
TARGET CORP
FORTUNE BRANDS HOME & SEC INC COM
EXPEDITORS INTL WASH INC
EVERCORE INC
ACCENTURE PLC IRELAND
CRH PLC
ABBVIE INC
5.52%
4.95%
4.91%
4.85%
4.79%
4.71%
4.61%
4.48%
4.38%
4.06%
17,471
2,236,876
18,399
10,702
21,705
19,477
15,759
7,121
41,205
17,168
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
04/14/2021WBILPII731068102POLARIS INC17,471143.0300002498877.135.52%45234367.251527182300.00
04/14/2021WBILCash&OtherCash&OtherCash & Other2,236,8761.0000002236875.994.95%45234367.25152718230Y
04/14/2021WBILBBY086516101BEST BUY INC18,399120.8200002222967.184.91%45234367.251527182300.00
04/14/2021WBILTGT87612E106TARGET CORP10,702204.9400002193267.884.85%45234367.251527182300.00
04/14/2021WBILFBHS34964C106FORTUNE BRANDS HOME & SEC INC COM21,70599.9100002168546.554.79%45234367.251527182300.00
04/14/2021WBILEXPD302130109EXPEDITORS INTL WASH INC19,477109.4200002131173.344.71%45234367.251527182300.00
04/14/2021WBILEVR29977A105EVERCORE INC15,759132.2200002083654.984.61%45234367.251527182300.00
04/14/2021WBILACNG1151C101ACCENTURE PLC IRELAND7,121284.3400002024785.144.48%45234367.251527182306266.48
04/14/2021WBILCRH12626K203CRH PLC41,20548.1000001981960.504.38%45234367.251527182300.00
04/14/2021WBILABBV00287Y109ABBVIE INC17,168106.9200001835602.564.06%45234367.2515271823022318.40
04/14/2021WBILGS38141G104GOLDMAN SACHS GROUP INC5,414327.6800001774059.523.92%45234367.251527182300.00
04/14/2021WBILKR501044101KROGER CO47,19037.5800001773400.203.92%45234367.251527182300.00
04/14/2021WBILRJF754730109RAYMOND JAMES FINL INC13,519126.8600001715020.343.79%45234367.251527182300.00
04/14/2021WBILMMS577933104MAXIMUS INC17,62792.5700001631731.393.61%45234367.251527182300.00
04/14/2021WBILAMP03076C106AMERIPRISE FINL INC6,654243.2900001618851.663.58%45234367.251527182300.00
04/14/2021WBILMSFT594918104MICROSOFT CORP6,193258.4900001600828.573.54%45234367.251527182300.00
04/14/2021WBILCMI231021106CUMMINS INC5,964260.4200001553144.883.43%45234367.251527182300.00
04/14/2021WBILGWW384802104GRAINGER W W INC3,501400.1500001400925.153.10%45234367.251527182300.00
04/14/2021WBILEMR291011104EMERSON ELEC CO14,17990.6300001285042.772.84%45234367.251527182300.00
04/14/2021WBILGILD375558103GILEAD SCIENCES INC19,57564.8900001270221.752.81%45234367.251527182300.00
04/14/2021WBILUPS911312106UNITED PARCEL SERVICE INC6,620179.4200001187760.402.63%45234367.251527182300.00
04/14/2021WBILIRM46284V101IRON MTN INC NEW29,01238.0300001103326.362.44%45234367.251527182300.00
04/14/2021WBILSHOP82509L107SHOPIFY INC8771241.5400001088830.582.41%45234367.251527182300.00
04/14/2021WBILAJG363576109GALLAGHER ARTHUR J & CO8,084133.9500001082851.802.39%45234367.251527182300.00
04/14/2021WBILTSCO892356106TRACTOR SUPPLY CO5,868178.9400001050019.922.32%45234367.251527182300.00
04/14/2021WBILCDW12514G108CDW CORP5,277175.890000928171.532.05%45234367.251527182300.00
04/14/2021WBILSTLD858119100STEEL DYNAMICS INC16,47850.420000830820.761.84%45234367.251527182300.00
04/14/2021WBILKMB494368103KIMBERLY-CLARK CORP3,908137.210000536216.681.19%45234367.251527182300.00
04/14/2021WBILYUM988498101YUM BRANDS INC3,090117.450000362920.500.80%45234367.251527182300.00
04/14/2021WBILAMAT038222105APPLIED MATLS INC556135.10000075115.600.17%45234367.251527182300.00
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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.