Prepare and Protect:

Let us help you navigate the cycles

ACTIVE RISK-MANAGED ETFS

 

WBI’s active investment process seeks to manage risk to capital, unleash the benefits of compounding, and grow capital efficiently through good and bad market cycles. Our Bull|Bear ETFs combine our time-tested, multi-factor security selection models with our advanced dynamic trailing stop process to protect capital.

TREND SWITCH ETFS

 

WBI has utilized domestic stock and fixed income trend models in our quantitative management process for nearly 30 years. The Trend Switch ETFs are designed to give investors simple solutions aiming to optimize outcomes in bull and bear market cycles.

POWER FACTOR ETFS

 

WBI’s multi-factor security selection models have been time-tested over three decades to develop the most powerful factor combinations to find the strongest dividend stocks to buy. Our Power Factor ETF unleashes the power of WBI’s sophisticated security selection to identify 50 stocks that have a deep value bias, quality fundamentals, and an attractive yield. Quarterly rebalancing provides a more active approach than you would find in similar offerings.

FEATURED PRODUCTS

WBIE

WBI Bull|Bear
Rising Income 3000 ETF

WBIY

WBI Power Factor® High Dividend ETF

WBIT

WBI Bull|Bear Trend Switch US 3000 Total Return

WBII

WBI Bull|Bear
Global Income ETF

ALL FUNDS

Fund Information
As of: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$26.67
- $0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBIYT00206R102AT&T INC121,63938.3800004668504.825.00%93335900.003500000700.00
01/21/2020WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM33,526138.3100004636981.064.97%93335900.003500000700.00
01/21/2020WBIYGM37045V100GENERAL MTRS CO130,12535.6000004632450.004.96%93335900.003500000700.00
01/21/2020WBIYF345370860FORD MTR CO DEL504,4679.1600004620917.724.95%93335900.003500000700.00
01/21/2020WBIYVZ92343V104VERIZON COMMUNICATIONS INC75,95960.1300004567414.674.89%93335900.003500000700.00
01/21/2020WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC65,91761.0800004026210.364.31%93335900.003500000700.00
01/21/2020WBIYM55616P104MACYS INC221,24017.5700003887186.804.16%93335900.003500000700.00
01/21/2020WBIYTGE874696107TALLGRASS ENERGY LP142,44922.2900003175188.213.40%93335900.003500000700.00
01/21/2020WBIYLB501797104L BRANDS INC142,39220.1600002870622.723.08%93335900.003500000700.00
01/21/2020WBIYHBI410345102HANESBRANDS INC191,61614.3200002743941.122.94%93335900.003500000700.00
01/21/2020WBIYKSS500255104KOHLS CORP57,82447.0000002717728.002.91%93335900.003500000700.00
01/21/2020WBIYHRB093671105BLOCK H & R INC106,29124.4700002600940.772.79%93335900.003500000700.00
01/21/2020WBIYGPS364760108GAP INC138,09618.5300002558918.882.74%93335900.003500000700.00
01/21/2020WBIYSIX83001A102SIX FLAGS ENTMT CORP NEW63,11837.8700002390278.662.56%93335900.003500000700.00
01/21/2020WBIYTPR876030107TAPESTRY INC81,30628.8900002348930.342.52%93335900.003500000700.00
01/21/2020WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -24,00092.0000002208000.002.37%93335900.003500000700.00
01/21/2020WBIYIVZG491BT108INVESCO LTD119,76118.3200002194021.522.35%93335900.003500000700.00
01/21/2020WBIYIP460146103INTL PAPER CO48,01545.7500002196686.252.35%93335900.003500000700.00
01/21/2020WBIYWRK96145D105WESTROCK CO47,76043.6800002086156.802.24%93335900.003500000700.00
01/21/2020WBIYNYCB649445103NEW YORK CMNTY BANCORP INC160,13811.7000001873614.602.01%93335900.003500000700.00
01/21/2020WBIYPAGP72651A207PLAINS GP HLDGS L P95,25119.2700001835486.771.97%93335900.003500000700.00
01/21/2020WBIYCNK17243V102CINEMARK HOLDINGS INC51,40532.4300001667064.151.79%93335900.003500000700.00
01/21/2020WBIYCC163851108CHEMOURS CO85,94717.4600001500634.621.61%93335900.003500000700.00
01/21/2020WBIYPRU744320102PRUDENTIAL FINL INC14,79397.1000001436400.301.54%93335900.003500000700.00
01/21/2020WBIYBIG089302103BIG LOTS INC50,33128.3000001424367.301.53%93335900.003500000700.00
01/21/2020WBIYOLN680665205OLIN CORP79,95417.8500001427178.901.53%93335900.003500000700.00
01/21/2020WBIYIPG460690100INTERPUBLIC GROUP COS INC58,65524.1500001416518.251.52%93335900.003500000700.00
01/21/2020WBIYHBAN446150104HUNTINGTON BANCSHARES INC94,98314.7100001397199.931.50%93335900.003500000700.00
01/21/2020WBIYMSM553530106MSC INDL DIRECT INC18,82471.1400001339139.361.43%93335900.00350000070108238.00
01/21/2020WBIYKEY493267108KEYCORP NEW66,44319.5900001301618.371.39%93335900.003500000700.00
01/21/2020WBIYVLO91913Y100VALERO ENERGY CORP NEW13,91991.2200001269691.181.36%93335900.003500000700.00
01/21/2020WBIYJWN655664100NORDSTROM INC30,00540.3400001210401.701.30%93335900.003500000700.00
01/21/2020WBIYPACW695263103PACWEST BANCORP DEL27,16337.9900001031922.371.11%93335900.003500000700.00
01/21/2020WBIYUFS257559203DOMTAR CORP25,66239.8700001023143.941.10%93335900.003500000700.00
01/21/2020WBIYMDP589433101MEREDITH CORP31,54031.380000989725.201.06%93335900.003500000700.00
01/21/2020WBIYCash&OtherCash&OtherCash & Other913,8821.000000913882.190.98%93335900.00350000070Y
01/21/2020WBIYNAVI63938C108NAVIENT CORPORATION65,87013.860000912958.200.98%93335900.003500000700.00
01/21/2020WBIYCVI12662P108CVR ENERGY INC22,68637.440000849363.840.91%93335900.003500000700.00
01/21/2020WBIYCVX166764100CHEVRON CORP NEW6,635115.580000766873.300.82%93335900.003500000700.00
01/21/2020WBIYBTU704551100PEABODY ENERGY CORP NEW88,1848.570000755736.880.81%93335900.003500000700.00
01/21/2020WBIYTSEL9340P101TRINSEO S A20,89834.980000731012.040.78%93335900.003500000700.00
01/21/2020WBIYBKE118440106BUCKLE INC25,51725.380000647621.460.69%93335900.003500000700.00
01/21/2020WBIYAPAM04316A108ARTISAN PARTNERS ASSET MGMT IN CL A16,46534.970000575781.050.62%93335900.003500000700.00
01/21/2020WBIYMCY589400100MERCURY GENL CORP NEW11,36847.900000544527.200.58%93335900.003500000700.00
01/21/2020WBIYHOPE43940T109HOPE BANCORP INC33,53414.790000495967.860.53%93335900.003500000700.00
01/21/2020WBIYBPFH101119105BOSTON PRIVATE FINL HLDGS INC COM38,20612.270000468787.620.50%93335900.003500000700.00
01/21/2020WBIYBRY08579X101BERRY PETE CORP58,3388.070000470787.660.50%93335900.003500000700.00
01/21/2020WBIYEFC28852N109ELLINGTON FINANCIAL INC24,98718.740000468256.380.50%93335900.003500000700.00
01/21/2020WBIYMOV624580106MOVADO GROUP INC23,36319.900000464923.700.50%93335900.003500000700.00
01/21/2020WBIYGEF397624107GREIF INC10,04245.910000461028.220.49%93335900.003500000700.00
01/21/2020WBIYKRO50105F105KRONOS WORLDWIDE INC36,42012.610000459256.200.49%93335900.003500000700.00
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: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,500,000
93.34
$26.67
4,773
-0.01%
0.70%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
4.85%
4.84%

WBIY Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
AT&T INC
INTERNATIONAL BUSINESS MACHS COM
GENERAL MTRS CO
FORD MTR CO DEL
VERIZON COMMUNICATIONS INC
SEAGATE TECHNOLOGY PLC
MACYS INC
TALLGRASS ENERGY LP
L BRANDS INC
HANESBRANDS INC
5.00%
4.97%
4.96%
4.95%
4.89%
4.31%
4.16%
3.40%
3.08%
2.94%
121,639
33,526
130,125
504,467
75,959
65,917
221,240
142,449
142,392
191,616
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$20.49
- $0.02
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBITSHYG46434V407ISHARES TR 0-5YR HI YL CP401,79946.70000018764013.3042.10%44571840.002175000870.00
01/21/2020WBITSJNK78468R408SPDR SERIES TRUST BLOOMBERG SRT TR692,07027.09000018748176.3042.06%44571840.002175000870.00
01/21/2020WBITHYS72201R783PIMCO ETF TR 0-5 HIGH YIELD66,844100.2500006701111.0015.03%44571840.002175000870.00
01/21/2020WBITCash&OtherCash&OtherCash & Other357,7411.000000357741.420.80%44571840.00217500087Y
Fund Goals

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

Prices
As of: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,175,000
44.57
$20.50
5,029
0.04%
0.67%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
5.28%

WBIT Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
ISHARES TR 0-5YR HI YL CP
SPDR SERIES TRUST BLOOMBERG SRT TR
PIMCO ETF TR 0-5 HIGH YIELD
Cash & Other
42.10%
42.06%
15.03%
0.80%
401,799
692,070
66,844
357,741
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$19.70
- $0.02
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBINSHYG46434V407ISHARES TR 0-5YR HI YL CP279,61846.70000013058160.6042.08%31031437.501575000630.00
01/21/2020WBINSJNK78468R408SPDR SERIES TRUST BLOOMBERG SRT TR481,62527.09000013047221.2542.05%31031437.501575000630.00
01/21/2020WBINHYS72201R783PIMCO ETF TR 0-5 HIGH YIELD46,520100.2500004663630.0015.03%31031437.501575000630.00
01/21/2020WBINCash&OtherCash&OtherCash & Other261,8361.000000261835.590.84%31031437.50157500063Y
Fund Goals

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

Prices
As of: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,575,000
31.03
$19.71
2,502
0.04%
0.77%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
5.30%

WBIN Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
ISHARES TR 0-5YR HI YL CP
SPDR SERIES TRUST BLOOMBERG SRT TR
PIMCO ETF TR 0-5 HIGH YIELD
Cash & Other
42.08%
42.05%
15.03%
0.84%
279,618
481,625
46,520
261,836
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$25.35
- $0.02
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBIISHYG46434V407ISHARES TR 0-5YR HI YL CP664,25946.70000031020895.3033.52%92544290.003650000730.00
01/21/2020WBIISJNK78468R408SPDR SERIES TRUST BLOOMBERG SRT TR1,144,13927.09000030994725.5133.49%92544290.003650000730.00
01/21/2020WBIIHYG464288513ISHARES TR IBOXX HI YD ETF131,92588.36000011656893.0012.60%92544290.003650000730.00
01/21/2020WBIIHYS72201R783PIMCO ETF TR 0-5 HIGH YIELD112,518100.25000011279929.5012.19%92544290.003650000730.00
01/21/2020WBIIUSIG464288620ISHARES CORE US CREDIT BOND127,67758.7100007495916.678.10%92544290.003650000730.00
01/21/2020WBIICash&OtherCash&OtherCash & Other93,2321.00000093232.420.10%92544290.00365000073Y
Fund Goals

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

Prices
As of: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,650,000
92.54
$25.34
11,860
-0.06%
1.29%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
4.42%
WBII Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
ISHARES TR 0-5YR HI YL CP
SPDR SERIES TRUST BLOOMBERG SRT TR
ISHARES TR IBOXX HI YD ETF
PIMCO ETF TR 0-5 HIGH YIELD
ISHARES CORE US CREDIT BOND
Cash & Other
33.52%
33.49%
12.60%
12.19%
8.10%
0.10%
664,259
1,144,139
131,925
112,518
127,677
93,232
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$28.36
$0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBIEPGR743315103PROGRESSIVE CORP OHIO32,42376.3000002473874.904.73%52354351.361846278360.00
01/21/2020WBIESYF87165B103SYNCHRONY FINL68,54735.7600002451240.724.68%52354351.361846278360.00
01/21/2020WBIECMA200340107COMERICA INC34,05768.7200002340397.044.47%52354351.361846278360.00
01/21/2020WBIECDW12514G108CDW CORP17,105136.8500002340819.254.47%52354351.361846278360.00
01/21/2020WBIEBMY110122108BRISTOL MYERS SQUIBB CO33,94266.7200002264610.244.33%52354351.361846278360.00
01/21/2020WBIEATVI00507V109ACTIVISION BLIZZARD INC36,65061.2400002244446.004.29%52354351.361846278360.00
01/21/2020WBIETER880770102TERADYNE INC31,78570.2900002234167.654.27%52354351.361846278360.00
01/21/2020WBIEABBV00287Y109ABBVIE INC24,98488.0000002198592.004.20%52354351.361846278360.00
01/21/2020WBIEFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM42,90947.3100002030024.793.88%52354351.361846278360.00
01/21/2020WBIEICE45866F104INTERCONTINENTAL EXCHANGE INC COM18,57696.7700001797599.523.43%52354351.361846278360.00
01/21/2020WBIECPB134429109CAMPBELL SOUP CO36,62448.0200001758684.483.36%52354351.361846278360.00
01/21/2020WBIEMSFT594918104MICROSOFT CORP10,494167.1000001753547.403.35%52354351.361846278360.00
01/21/2020WBIEVZ92343V104VERIZON COMMUNICATIONS INC28,90860.1300001738238.043.32%52354351.361846278360.00
01/21/2020WBIEHSY427866108HERSHEY CO11,147150.8500001681524.953.21%52354351.361846278360.00
01/21/2020WBIEQCOM747525103QUALCOMM INC17,09195.9100001639197.813.13%52354351.361846278360.00
01/21/2020WBIEADBE00724F101ADOBE INC4,632349.7400001619995.683.09%52354351.361846278360.00
01/21/2020WBIENVDA67066G104NVIDIA CORP6,424249.2800001601374.723.06%52354351.361846278360.00
01/21/2020WBIEDHI23331A109D R HORTON INC27,46755.7100001530186.572.92%52354351.361846278360.00
01/21/2020WBIECCL143658300CARNIVAL CORP20,96351.9000001087979.702.08%52354351.361846278360.00
01/21/2020WBIESPGI78409V104S&P Global Inc3,653296.7900001084173.872.07%52354351.361846278360.00
01/21/2020WBIENKE654106103NIKE INC10,145104.5300001060456.852.03%52354351.361846278360.00
01/21/2020WBIEUPS911312106UNITED PARCEL SERVICE INC8,854118.6000001050084.402.01%52354351.361846278360.00
01/21/2020WBIEINTU461202103INTUIT3,722282.8500001052767.702.01%52354351.361846278360.00
01/21/2020WBIEAMAT038222105APPLIED MATLS INC16,67962.8500001048275.152.00%52354351.361846278360.00
01/21/2020WBIETXN882508104TEXAS INSTRS INC7,903131.7000001040825.101.99%52354351.361846278360.00
01/21/2020WBIEV92826C839VISA INC5,040204.7000001031688.001.97%52354351.361846278360.00
01/21/2020WBIEHUM444859102HUMANA INC2,796366.5500001024873.801.96%52354351.361846278360.00
01/21/2020WBIEMRK58933Y105MERCK & CO INC10,76590.970000979292.051.87%52354351.361846278360.00
01/21/2020WBIETGT87612E106TARGET CORP7,846116.920000917354.321.75%52354351.361846278360.00
01/21/2020WBIECBOE12503M108CBOE GLOBAL MARKETS INC5,515116.530000642662.951.23%52354351.361846278360.00
01/21/2020WBIEEL518439104LAUDER ESTEE COS INC2,592219.880000569928.961.09%52354351.361846278360.00
01/21/2020WBIECash&OtherCash&OtherCash & Other565,8451.000000565844.591.08%52354351.36184627836Y
01/21/2020WBIEDGX74834L100QUEST DIAGNOSTICS INC5,076107.060000543436.561.04%52354351.361846278360.00
01/21/2020WBIEAMGN031162100AMGEN INC2,254241.490000544318.461.04%52354351.361846278360.00
01/21/2020WBIEITW452308109ILLINOIS TOOL WKS INC2,916180.430000526133.881.00%52354351.361846278360.00
01/21/2020WBIEEBAY278642103EBAY INC14,47235.820000518387.040.99%52354351.361846278360.00
01/21/2020WBIESHW824348106SHERWIN WILLIAMS CO870594.470000517188.900.99%52354351.361846278360.00
01/21/2020WBIEEW28176E108EDWARDS LIFESCIENCES CORP2,068238.640000493507.520.94%52354351.361846278360.00
01/21/2020WBIELUV844741108SOUTHWEST AIRLS CO6,44355.010000354429.430.68%52354351.361846278360.00
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: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,846,278
52.35
$28.33
3,068
-0.09%
1.13%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
1.00%
WBIE Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
PROGRESSIVE CORP OHIO
SYNCHRONY FINL
COMERICA INC
CDW CORP
BRISTOL MYERS SQUIBB CO
ACTIVISION BLIZZARD INC
TERADYNE INC
ABBVIE INC
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM
INTERCONTINENTAL EXCHANGE INC COM
4.73%
4.68%
4.47%
4.47%
4.33%
4.29%
4.27%
4.20%
3.88%
3.43%
32,423
68,547
34,057
17,105
33,942
36,650
31,785
24,984
42,909
18,576
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$28.09
$0.08
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBIFHUM444859102HUMANA INC7,267366.5500002663718.854.77%55847195.231988315390.00
01/21/2020WBIFGWW384802104GRAINGER W W INC7,644340.1500002600106.604.66%55847195.231988315390.00
01/21/2020WBIFAMP03076C106AMERIPRISE FINL INC14,658172.4300002527478.944.53%55847195.231988315390.00
01/21/2020WBIFUNH91324P102UNITEDHEALTH GROUP INC7,812298.4700002331647.644.18%55847195.231988315390.00
01/21/2020WBIFCDW12514G108CDW CORP16,336136.8500002235581.604.00%55847195.231988315390.00
01/21/2020WBIFVZ92343V104VERIZON COMMUNICATIONS INC36,23660.1300002178870.683.90%55847195.231988315390.00
01/21/2020WBIFGL37959E102GLOBE LIFE INC20,788104.4500002171306.603.89%55847195.231988315390.00
01/21/2020WBIFEMR291011104EMERSON ELEC CO27,49577.7800002138561.103.83%55847195.231988315390.00
01/21/2020WBIFQCOM747525103QUALCOMM INC21,41795.9100002054104.473.68%55847195.231988315390.00
01/21/2020WBIFADBE00724F101ADOBE INC5,758349.7400002013802.923.61%55847195.231988315390.00
01/21/2020WBIFNVDA67066G104NVIDIA CORP7,987249.2800001990999.363.57%55847195.231988315390.00
01/21/2020WBIFICE45866F104INTERCONTINENTAL EXCHANGE INC COM19,31796.7700001869306.093.35%55847195.231988315390.00
01/21/2020WBIFMSFT594918104MICROSOFT CORP10,425167.1000001742017.503.12%55847195.231988315390.00
01/21/2020WBIFTXN882508104TEXAS INSTRS INC12,657131.7000001666926.902.98%55847195.231988315390.00
01/21/2020WBIFYUMC98850P109YUM CHINA HLDGS INC28,69549.8500001430445.752.56%55847195.231988315390.00
01/21/2020WBIFHSY427866108HERSHEY CO9,250150.8500001395362.502.50%55847195.231988315390.00
01/21/2020WBIFBMY110122108BRISTOL MYERS SQUIBB CO19,80066.7200001321056.002.37%55847195.231988315390.00
01/21/2020WBIFMS617446448MORGAN STANLEY22,82657.5100001312723.262.35%55847195.231988315390.00
01/21/2020WBIFDGX74834L100QUEST DIAGNOSTICS INC12,131107.0600001298744.862.33%55847195.231988315390.00
01/21/2020WBIFTGT87612E106TARGET CORP10,548116.9200001233272.162.21%55847195.231988315390.00
01/21/2020WBIFFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM25,69747.3100001215725.072.18%55847195.231988315390.00
01/21/2020WBIFSPGI78409V104S&P Global Inc3,900296.7900001157481.002.07%55847195.231988315390.00
01/21/2020WBIFINTU461202103INTUIT3,974282.8500001124045.902.01%55847195.231988315390.00
01/21/2020WBIFLMT539830109LOCKHEED MARTIN CORP2,618425.6600001114377.882.00%55847195.231988315390.00
01/21/2020WBIFAMAT038222105APPLIED MATLS INC17,81062.8500001119358.502.00%55847195.231988315390.00
01/21/2020WBIFMRK58933Y105MERCK & CO INC11,37990.9700001035147.631.85%55847195.231988315390.00
01/21/2020WBIFCTSH192446102COGNIZANT TECHNOLOGY SOLUTIONS CL A15,64062.770000981722.801.76%55847195.231988315390.00
01/21/2020WBIFV92826C839VISA INC4,637204.700000949193.901.70%55847195.231988315390.00
01/21/2020WBIFUPS911312106UNITED PARCEL SERVICE INC7,743118.600000918319.801.64%55847195.231988315390.00
01/21/2020WBIFEL518439104LAUDER ESTEE COS INC4,174219.880000917779.121.64%55847195.231988315390.00
01/21/2020WBIFAMGN031162100AMGEN INC3,629241.490000876367.211.57%55847195.231988315390.00
01/21/2020WBIFCFG174610105CITIZENS FINL GROUP INC20,44740.870000835668.891.50%55847195.231988315390.00
01/21/2020WBIFEW28176E108EDWARDS LIFESCIENCES CORP3,326238.640000793716.641.42%55847195.231988315390.00
01/21/2020WBIFANTM036752103ANTHEM INC2,580305.390000787906.201.41%55847195.231988315390.00
01/21/2020WBIFRJF754730109RAYMOND JAMES FINANCIAL INC7,23796.270000696705.991.25%55847195.231988315390.00
01/21/2020WBIFNKE654106103NIKE INC5,416104.530000566134.481.01%55847195.231988315390.00
01/21/2020WBIFITW452308109ILLINOIS TOOL WKS INC3,125180.430000563843.751.01%55847195.231988315390.00
01/21/2020WBIFSHW824348106SHERWIN WILLIAMS CO937594.470000557018.391.00%55847195.231988315390.00
01/21/2020WBIFEBAY278642103EBAY INC15,52435.820000556069.681.00%55847195.231988315390.00
01/21/2020WBIFAVY053611109AVERY DENNISON CORP3,510134.720000472867.200.85%55847195.231988315390.00
01/21/2020WBIFCash&OtherCash&OtherCash & Other424,3811.000000424380.740.76%55847195.23198831539Y
Fund Goals

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

Prices
As of: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,988,315
55.85
$28.10
3,661
0.03%
1.18%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
0.87%
WBIF Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
HUMANA INC
GRAINGER W W INC
AMERIPRISE FINL INC
UNITEDHEALTH GROUP INC
CDW CORP
VERIZON COMMUNICATIONS INC
GLOBE LIFE INC
EMERSON ELEC CO
QUALCOMM INC
ADOBE INC
4.77%
4.66%
4.53%
4.18%
4.00%
3.90%
3.89%
3.83%
3.68%
3.61%
7,267
7,644
14,658
7,812
16,336
36,236
20,788
27,495
21,417
5,758
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$24.86
$0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBIGAPO03768E105APOLLO GLOBAL MGMT INC72,58750.3600003655481.324.77%76575505.513080183610.00
01/21/2020WBIGBMY110122108BRISTOL MYERS SQUIBB CO49,25766.7200003286427.044.29%76575505.513080183610.00
01/21/2020WBIGCDW12514G108CDW CORP22,757136.8500003114295.454.07%76575505.513080183610.00
01/21/2020WBIGUPS911312106UNITED PARCEL SERVICE INC26,235118.6000003111471.004.06%76575505.513080183610.00
01/21/2020WBIGBBY086516101BEST BUY INC33,95889.9400003054182.523.99%76575505.513080183610.00
01/21/2020WBIGETNG29183103EATON CORP PLC31,72495.6800003035352.323.96%76575505.513080183610.00
01/21/2020WBIGVZ92343V104VERIZON COMMUNICATIONS INC49,47160.1300002974691.233.88%76575505.513080183610.00
01/21/2020WBIGAES00130H105AES CORP144,38720.5000002959933.503.87%76575505.513080183610.00
01/21/2020WBIGCG14316J108CARLYLE GROUP INC87,45333.2800002910435.843.80%76575505.513080183610.00
01/21/2020WBIGHBAN446150104HUNTINGTON BANCSHARES INC196,27914.7100002887264.093.77%76575505.513080183610.00
01/21/2020WBIGADBE00724F101ADOBE INC7,903349.7400002763995.223.61%76575505.513080183610.00
01/21/2020WBIGNVDA67066G104NVIDIA CORP10,960249.2800002732108.803.57%76575505.513080183610.00
01/21/2020WBIGEMR291011104EMERSON ELEC CO33,98077.7800002642964.403.45%76575505.513080183610.00
01/21/2020WBIGICE45866F104INTERCONTINENTAL EXCHANGE INC COM26,93796.7700002606693.493.40%76575505.513080183610.00
01/21/2020WBIGCPB134429109CAMPBELL SOUP CO53,19048.0200002554183.803.34%76575505.513080183610.00
01/21/2020WBIGUNH91324P102UNITEDHEALTH GROUP INC7,871298.4700002349257.373.07%76575505.513080183610.00
01/21/2020WBIGMRK58933Y105MERCK & CO INC23,26190.9700002116053.172.76%76575505.513080183610.00
01/21/2020WBIGSPGI78409V104S&P Global Inc5,644296.7900001675082.762.19%76575505.513080183610.00
01/21/2020WBIGMSFT594918104MICROSOFT CORP9,479167.1000001583940.902.07%76575505.513080183610.00
01/21/2020WBIGMET59156R108METLIFE INC29,83652.6100001569671.962.05%76575505.513080183610.00
01/21/2020WBIGQCOM747525103QUALCOMM INC16,35495.9100001568512.142.05%76575505.513080183610.00
01/21/2020WBIGNKE654106103NIKE INC14,865104.5300001553838.452.03%76575505.513080183610.00
01/21/2020WBIGINTU461202103INTUIT5,455282.8500001542946.752.01%76575505.513080183610.00
01/21/2020WBIGHUM444859102HUMANA INC4,147366.5500001520082.851.99%76575505.513080183610.00
01/21/2020WBIGTXN882508104TEXAS INSTRS INC11,538131.7000001519554.601.98%76575505.513080183610.00
01/21/2020WBIGCCL143658300CARNIVAL CORP29,05151.9000001507746.901.97%76575505.513080183610.00
01/21/2020WBIGABBV00287Y109ABBVIE INC14,69188.0000001292808.001.69%76575505.513080183610.00
01/21/2020WBIGV92826C839VISA INC5,492204.7000001124212.401.47%76575505.513080183610.00
01/21/2020WBIGEL518439104LAUDER ESTEE COS INC4,724219.8800001038713.121.36%76575505.513080183610.00
01/21/2020WBIGAMGN031162100AMGEN INC4,105241.490000991316.451.29%76575505.513080183610.00
01/21/2020WBIGNTRS665859104NORTHERN TR CORP8,580109.380000938480.401.23%76575505.513080183610.00
01/21/2020WBIGEBAY278642103EBAY INC26,35835.820000944143.561.23%76575505.513080183610.00
01/21/2020WBIGRF7591EP100REGIONS FINL CORP NEW55,03716.390000902056.431.18%76575505.513080183610.00
01/21/2020WBIGEW28176E108EDWARDS LIFESCIENCES CORP3,769238.640000899434.161.17%76575505.513080183610.00
01/21/2020WBIGACNG1151C101ACCENTURE PLC IRELAND3,721209.200000778433.201.02%76575505.513080183610.00
01/21/2020WBIGUNP907818108UNION PACIFIC CORP4,184185.320000775378.881.01%76575505.513080183610.00
01/21/2020WBIGITW452308109ILLINOIS TOOL WKS INC4,249180.430000766647.071.00%76575505.513080183610.00
01/21/2020WBIGSHW824348106SHERWIN WILLIAMS CO1,272594.470000756165.840.99%76575505.513080183610.00
01/21/2020WBIGCFG174610105CITIZENS FINL GROUP INC17,45040.870000713181.500.93%76575505.513080183610.00
01/21/2020WBIGCash&OtherCash&OtherCash & Other646,0321.000000646032.290.84%76575505.51308018361Y
01/21/2020WBIGTER880770102TERADYNE INC8,85570.290000622417.950.81%76575505.513080183610.00
01/21/2020WBIGDPZ25754A201DOMINOS PIZZA INC2,077286.470000594998.190.78%76575505.513080183610.00
Fund Goals

  • Manage risk to capital
  • Generate an attractive current yield that helps promote compounding
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small-, mid- and large-cap securities that present themselves as undervalued opportunities with attractive dividend yields

Prices
As of: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,080,183
76.58
$24.84
5,409
-0.08%
1.04%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
1.74%
WBIG Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
APOLLO GLOBAL MGMT INC
BRISTOL MYERS SQUIBB CO
CDW CORP
UNITED PARCEL SERVICE INC
BEST BUY INC
EATON CORP PLC
VERIZON COMMUNICATIONS INC
AES CORP
CARLYLE GROUP INC
HUNTINGTON BANCSHARES INC
4.77%
4.29%
4.07%
4.06%
3.99%
3.96%
3.88%
3.87%
3.80%
3.77%
72,587
49,257
22,757
26,235
33,958
31,724
49,471
144,387
87,453
196,279
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: 01/17/2020
NAV Daily Change Fact Sheet Holdings
$27.82
$0.05
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
01/21/2020WBILAMP03076C106AMERIPRISE FINL INC14,138172.4300002437815.344.93%49432672.771777182350.00
01/21/2020WBILEL518439104LAUDER ESTEE COS INC10,925219.8800002402189.004.86%49432672.771777182350.00
01/21/2020WBILHUM444859102HUMANA INC6,375366.5500002336756.254.73%49432672.771777182350.00
01/21/2020WBILMSFT594918104MICROSOFT CORP13,296167.1000002221761.604.49%49432672.771777182350.00
01/21/2020WBILTER880770102TERADYNE INC31,47370.2900002212237.174.48%49432672.771777182350.00
01/21/2020WBILBMY110122108BRISTOL MYERS SQUIBB CO32,17366.7200002146582.564.34%49432672.771777182350.00
01/21/2020WBILPG742718109PROCTER & GAMBLE CO16,884126.4100002134306.444.32%49432672.771777182350.00
01/21/2020WBILCPB134429109CAMPBELL SOUP CO43,22648.0200002075712.524.20%49432672.771777182350.00
01/21/2020WBILSHW824348106SHERWIN WILLIAMS CO3,400594.4700002021198.004.09%49432672.771777182350.00
01/21/2020WBILABBV00287Y109ABBVIE INC22,75488.0000002002352.004.05%49432672.771777182350.00
01/21/2020WBILCDW12514G108CDW CORP14,540136.8500001989799.004.03%49432672.771777182350.00
01/21/2020WBILETNG29183103EATON CORP PLC20,60495.6800001971390.723.99%49432672.771777182350.00
01/21/2020WBILADBE00724F101ADOBE INC5,078349.7400001775979.723.59%49432672.771777182350.00
01/21/2020WBILNVDA67066G104NVIDIA CORP7,043249.2800001755679.043.55%49432672.771777182350.00
01/21/2020WBILICE45866F104INTERCONTINENTAL EXCHANGE INC COM17,53696.7700001696958.723.43%49432672.771777182350.00
01/21/2020WBILTXN882508104TEXAS INSTRS INC11,209131.7000001476225.302.99%49432672.771777182350.00
01/21/2020WBILNKE654106103NIKE INC12,565104.5300001313419.452.66%49432672.771777182350.00
01/21/2020WBILTGT87612E106TARGET CORP10,888116.9200001273024.962.58%49432672.771777182350.00
01/21/2020WBILINTU461202103INTUIT4,410282.8500001247368.502.52%49432672.771777182350.00
01/21/2020WBILQCOM747525103QUALCOMM INC11,31395.9100001085029.832.19%49432672.771777182350.00
01/21/2020WBILSPGI78409V104S&P Global Inc3,431296.7900001018286.492.06%49432672.771777182350.00
01/21/2020WBILRTN755111507RAYTHEON CO4,280231.340000990135.202.00%49432672.771777182350.00
01/21/2020WBILLHX502431109L3HARRIS TECHNOLOGIES INC4,508219.380000988965.042.00%49432672.771777182350.00
01/21/2020WBILAMAT038222105APPLIED MATLS INC15,74862.850000989761.802.00%49432672.771777182350.00
01/21/2020WBILNOC666807102NORTHROP GRUMMAN CORP2,580379.970000980322.601.98%49432672.771777182350.00
01/21/2020WBILUPS911312106UNITED PARCEL SERVICE INC7,031118.600000833876.601.69%49432672.771777182350.00
01/21/2020WBILCash&OtherCash&OtherCash & Other757,0361.000000757036.201.53%49432672.77177718235Y
01/21/2020WBILV92826C839VISA INC3,605204.700000737943.501.49%49432672.771777182350.00
01/21/2020WBILMRK58933Y105MERCK & CO INC7,49190.970000681456.271.38%49432672.771777182350.00
01/21/2020WBILGL37959E102GLOBE LIFE INC5,458104.450000570088.101.15%49432672.771777182350.00
01/21/2020WBILAMGN031162100AMGEN INC2,110241.490000509543.901.03%49432672.771777182350.00
01/21/2020WBILACNG1151C101ACCENTURE PLC IRELAND2,389209.200000499778.801.01%49432672.771777182350.00
01/21/2020WBILUNP907818108UNION PACIFIC CORP2,690185.320000498510.801.01%49432672.771777182350.00
01/21/2020WBILITW452308109ILLINOIS TOOL WKS INC2,731180.430000492754.331.00%49432672.771777182350.00
01/21/2020WBILVZ92343V104VERIZON COMMUNICATIONS INC7,80760.130000469434.910.95%49432672.771777182350.00
01/21/2020WBILEW28176E108EDWARDS LIFESCIENCES CORP1,936238.640000462007.040.93%49432672.771777182350.00
01/21/2020WBILIEX45167R104IDEX CORP2,190175.850000385111.500.78%49432672.771777182350.00
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 strong measures of financial health and potential for growth.

Prices
As of: 01/17/2020
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,777,182
49.43
$27.79
3,091
-0.09%
1.21%
Performance Month 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%
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: 12/31/2019
30-Day SEC Yield
0.87%
WBIL Top Holdings
As of: 01/21/2020
Security Name Weightings Shares
AMERIPRISE FINL INC
LAUDER ESTEE COS INC
HUMANA INC
MICROSOFT CORP
TERADYNE INC
BRISTOL MYERS SQUIBB CO
PROCTER & GAMBLE CO
CAMPBELL SOUP CO
SHERWIN WILLIAMS CO
ABBVIE INC
4.93%
4.86%
4.73%
4.49%
4.48%
4.34%
4.32%
4.20%
4.09%
4.05%
14,138
10,925
6,375
13,296
31,473
32,173
16,884
43,226
3,400
22,754
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).

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.