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.

POWER FACTOR® ETFS

 

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

FEATURED PRODUCTS

WBIF

WBI Bull|Bear
Value 3000 ETF

WBIY

WBI Power Factor® High Dividend ETF

WBIG

WBI Bull|Bear
Yield 3000 ETF

WBIL

WBI Bull|Bear
Quality 3000 ETF

ALL FUNDS

Fund Information
As of: 08/05/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$37.76
- $0.12
0.14%
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: 08/05/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,650,000
62.31
$37.63
13,010
-0.35%
1.00%
Performance Month End
As of: 07/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 12/19/2016
NAV
5.29%
5.29%
17.39%
28.34%
14.79%
11.35
9.39%
Market
5.23%
5.23%
17.44%
28.62%
14.75%
11.35
9.39%
Performance Quarter End
As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 12/19/2016
NAV
-0.47
4.11
11.49
24.88
15.71
10.04
8.88
Market
-0.39
4.11
11.60
24.97
15.70
10.02
8.89

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

Fund Characteristics
As of: 7/31/2026
30-Day SEC Yield  
4.73%
 

WBIY Top Holdings
As of: 08/07/2026
Security Name Weightings Shares
Verizon Communications Inc
AT&T Inc
Pfizer Inc
Comcast Corp
Campbell's Company/The
Blue Owl Capital Inc
Altria Group Inc
United Parcel Service Inc
Wendy's Co/The
HP Inc
5.23%
5.16%
5.09%
4.99%
4.82%
4.78%
4.53%
4.21%
4.21%
4.04%
68,853
134,678
120,178
122,832
132,222
258,226
41,373
25,262
352,338
88,750
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
08/07/2026WBIYVZ92343V104Verizon Communications Inc68,85346.9900003235402.475.23%61918230.001650000165.0000000000000.00
08/07/2026WBIYT00206R102AT&T Inc134,67823.7100003193215.385.16%61918230.001650000165.0000000000000.00
08/07/2026WBIYPFE717081103Pfizer Inc120,17826.2000003148663.605.09%61918230.001650000165.0000000000000.00
08/07/2026WBIYCMCSA20030N101Comcast Corp122,83225.1700003091681.444.99%61918230.001650000165.0000000000000.00
08/07/2026WBIYCPB134429109Campbell's Company/The132,22222.5600002982928.324.82%61918230.001650000165.0000000000000.00
08/07/2026WBIYOWL09581B103Blue Owl Capital Inc258,22611.4600002959269.964.78%61918230.001650000165.0000000000000.00
08/07/2026WBIYMO02209S103Altria Group Inc41,37367.7500002803020.754.53%61918230.001650000165.0000000000000.00
08/07/2026WBIYUPS911312106United Parcel Service Inc25,262103.2000002607038.404.21%61918230.001650000165.0000000000000.00
08/07/2026WBIYWEN95058W100Wendy's Co/The352,3387.3900002603777.824.21%61918230.001650000165.0000000000000.00
08/07/2026WBIYHPQ40434L105HP Inc88,75028.1800002500975.004.04%61918230.001650000165.0000000000000.00
08/07/2026WBIYEMN277432100Eastman Chemical Co25,86073.5000001900710.003.07%61918230.001650000165.0000000000000.00
08/07/2026WBIYHESM428103105Hess Midstream LP36,68339.9400001465119.022.37%61918230.001650000165.0000000000000.00
08/07/2026WBIYACNG1151C101Accenture PLC7,346171.1100001256974.062.03%61918230.001650000165.0000000000000.00
08/07/2026WBIYOMF68268W103OneMain Holdings Inc17,44265.0300001134253.261.83%61918230.001650000165.0000000000000.00
08/07/2026WBIYDOXG02602103Amdocs Ltd18,34259.1200001084379.041.75%61918230.001650000165.0000000000000.00
08/07/2026WBIYAES00130H105AES Corp/The70,93614.7000001042759.201.68%61918230.001650000165.0000000000000.00
08/07/2026WBIYHRB093671105H&R Block Inc22,31545.9500001025374.251.66%61918230.001650000165.0000000000000.00
08/07/2026WBIYBMY110122108Bristol-Myers Squibb Co15,93964.1500001022486.851.65%61918230.001650000165.0000000000000.00
08/07/2026WBIYWU959802109Western Union Co/The142,7127.1600001021817.921.65%61918230.001650000165.0000000000000.00
08/07/2026WBIYGPK388689101Graphic Packaging Holding Co85,00111.8700001008961.871.63%61918230.001650000165.0000000000000.00
08/07/2026WBIYOKE682680103ONEOK Inc11,36187.930000998972.731.61%61918230.001650000165.0000000000000.00
08/07/2026WBIYCash&OtherCash&OtherCash & Other994,9411.000000994941.241.61%61918230.001650000165.000000000000Y
08/07/2026WBIYLCII50189K103LCI Industries9,284105.810000982340.041.59%61918230.001650000165.0000000000000.00
08/07/2026WBIYBBY086516101Best Buy Co Inc12,02680.020000962320.521.55%61918230.001650000165.0000000000000.00
08/07/2026WBIYCWEN18539C204Clearway Energy Inc28,37932.850000932250.151.51%61918230.001650000165.0000000000000.00
08/07/2026WBIYPRU744320102Prudential Financial Inc7,433121.500000903109.501.46%61918230.001650000165.0000000000000.00
08/07/2026WBIYEIX281020107Edison International13,21667.230000888511.681.43%61918230.001650000165.0000000000000.00
08/07/2026WBIYUGI902681105UGI Corp25,01234.280000857411.361.38%61918230.001650000165.0000000000000.00
08/07/2026WBIYOMC681919106Omnicom Group Inc10,22982.510000843994.791.36%61918230.001650000165.0000000000000.00
08/07/2026WBIYBBWI070830104Bath & Body Works Inc41,04020.140000826545.601.33%61918230.001650000165.0000000000000.00
08/07/2026WBIYTGT87612E106Target Corp5,401147.080000794379.081.28%61918230.001650000165.0000000000000.00
08/07/2026WBIYFNF31620R303Fidelity National Financial Inc14,87952.540000781742.661.26%61918230.001650000165.0000000000000.00
08/07/2026WBIYCOLB197236102Columbia Banking System Inc24,88331.030000772119.491.25%61918230.001650000165.0000000000000.00
08/07/2026WBIYSMG810186106Scotts Miracle-Gro Co/The12,42562.060000771095.501.25%61918230.001650000165.0000000000000.00
08/07/2026WBIYMRP601137102Millrose Properties Inc26,62828.810000767152.681.24%61918230.001650000165.0000000000000.00
08/07/2026WBIYTROW74144T108T Rowe Price Group Inc6,677113.620000758640.741.23%61918230.001650000165.0000000000000.00
08/07/2026WBIYSIRI829933100Sirius XM Holdings Inc24,63529.880000736093.801.19%61918230.001650000165.0000000000000.00
08/07/2026WBIYTFC89832Q109TRUIST FINANCIAL CORP13,80952.590000726215.311.17%61918230.001650000165.0000000000000.00
08/07/2026WBIYSFD832248207Smithfield Foods Inc28,58925.080000717012.121.16%61918230.001650000165.0000000000000.00
08/07/2026WBIYFIBK32055Y201First Interstate BancSystem Inc16,99737.420000636027.741.03%61918230.001650000165.0000000000000.00
08/07/2026WBIYREYN76171L106Reynolds Consumer Products Inc21,65126.290000569204.790.92%61918230.001650000165.0000000000000.00
08/07/2026WBIYKMPR488401100Kemper Corp18,61629.830000555315.280.90%61918230.001650000165.0000000000000.00
08/07/2026WBIYAPAM04316A108Artisan Partners Asset Management Inc11,80643.050000508248.300.82%61918230.001650000165.0000000000000.00
08/07/2026WBIYENR29272W109Energizer Holdings Inc20,40721.540000439566.780.71%61918230.001650000165.0000000000000.00
08/07/2026WBIYWGO974637100Winnebago Industries Inc13,98731.290000437653.230.71%61918230.001650000165.0000000000000.00
08/07/2026WBIYPFS74386T105Provident Financial Services Inc15,41524.750000381521.250.62%61918230.001650000165.0000000000000.00
08/07/2026WBIYVRTS92828Q109Virtus Investment Partners Inc1,634163.500000267159.000.43%61918230.001650000165.0000000000000.00
08/07/2026WBIYSLVM871332102Sylvamo Corp6,87937.780000259888.620.42%61918230.001650000165.0000000000000.00
08/07/2026WBIYMNRO610236101Monro Inc20,62812.410000255993.480.41%61918230.001650000165.0000000000000.00
08/07/2026WBIYREPX76665T102Riley Exploration Permian Inc7,38134.070000251470.670.41%61918230.001650000165.0000000000000.00
08/07/2026WBIYUPBD76009N100Upbound Group Inc12,74119.510000248576.910.40%61918230.001650000165.0000000000000.00
Premium/Discount
Download Premium/Discount

Fund Information
As of: 08/05/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$36.67
$0.10
0.11%
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: 08/05/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
638,315
23.41
$36.67
1,950
-0.02%
1.64%
Performance Month End
As of: 07/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
0.12%
0.12%
15.47%
21.74%
7.61%
3.53
3.93%
Market
0.14%
0.14%
15.50%
22.18%
7.69%
3.56
3.94%
Performance Quarter End
As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
3.94
14.11
15.33
23.74
7.86
3.28
3.95
Market
4.02
14.29
15.34
24.17
7.88
3.28
3.95

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

Fund Characteristics
As of: 7/31/2026
30-Day SEC Yield
-0.24%
WBIF Top Holdings
As of: 08/07/2026
Security Name Weightings Shares
Ball Corp
Kinsale Capital Group Inc
Yum China Holdings Inc
McKesson Corp
American Express Co
Interactive Brokers Group Inc
Piper Sandler Cos
Victory Capital Holdings Inc
Jacobs Solutions Inc
Primerica Inc
2.59%
2.53%
2.43%
2.31%
2.25%
2.18%
2.15%
1.94%
1.89%
1.84%
9,570
1,569
11,741
619
1,533
5,912
6,741
4,231
3,064
1,315
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
08/07/2026WBIFBALL058498106Ball Corp9,57063.130000604154.102.59%23315604.3463831563.8300000000000.00
08/07/2026WBIFKNSL49714P108Kinsale Capital Group Inc1,569376.370000590524.532.53%23315604.3463831563.8300000000000.00
08/07/2026WBIFYUMC98850P109Yum China Holdings Inc11,74148.190000565798.792.43%23315604.3463831563.8300000000000.00
08/07/2026WBIFMCK58155Q103McKesson Corp619871.380000539384.222.31%23315604.3463831563.8300000000000.00
08/07/2026WBIFAXP025816109American Express Co1,533342.600000525205.802.25%23315604.3463831563.8300000000000.00
08/07/2026WBIFIBKR45841N107Interactive Brokers Group Inc5,91286.020000508550.242.18%23315604.3463831563.8300000000000.00
08/07/2026WBIFPIPR724078209Piper Sandler Cos6,74174.400000501530.402.15%23315604.3463831563.8300000000000.00
08/07/2026WBIFVCTR92645B103Victory Capital Holdings Inc4,231106.790000451828.491.94%23315604.3463831563.8300000000000.00
08/07/2026WBIFJ46982L108Jacobs Solutions Inc3,064144.030000441307.921.89%23315604.3463831563.8300000000000.00
08/07/2026WBIFPRI74164M108Primerica Inc1,315326.410000429229.151.84%23315604.3463831563.8300000000000.00
08/07/2026WBIFDDS254067101Dillard's Inc659617.070000406649.131.74%23315604.3463831563.8300000000000.00
08/07/2026WBIFGG3922B107Genpact Ltd11,09036.160000401014.401.72%23315604.3463831563.8300000000000.00
08/07/2026WBIFAIZ04621X108Assurant Inc1,347296.400000399250.801.71%23315604.3463831563.8300000000000.00
08/07/2026WBIFSF860630102Stifel Financial Corp4,69783.390000391682.831.68%23315604.3463831563.8300000000000.00
08/07/2026WBIFRPM749685103RPM International Inc3,370115.650000389740.501.67%23315604.3463831563.8300000000000.00
08/07/2026WBIFVLO91913Y100Valero Energy Corp1,269302.990000384494.311.65%23315604.3463831563.8300000000000.00
08/07/2026WBIFCOF14040H105Capital One Financial Corp1,734220.000000381480.001.64%23315604.3463831563.8300000000000.00
08/07/2026WBIFADP053015103Automatic Data Processing Inc1,393273.510000380999.431.63%23315604.3463831563.8300000000000.00
08/07/2026WBIFFIS31620M106Fidelity National Information Services Inc8,75542.810000374801.551.61%23315604.3463831563.8300000000000.00
08/07/2026WBIFSIGI816300107Selective Insurance Group Inc3,88396.780000375796.741.61%23315604.3463831563.8300000000000.00
08/07/2026WBIFCash&OtherCash&OtherCash & Other372,5391.000000372539.471.60%23315604.3463831563.830000000000Y
08/07/2026WBIFMLI624756102Mueller Industries Inc5,29069.460000367443.401.58%23315604.3463831563.8300000000000.00
08/07/2026WBIFAFL001055102Aflac Inc2,868126.660000363260.881.56%23315604.3463831563.8300000000000.00
08/07/2026WBIFROST778296103Ross Stores Inc1,433254.310000364426.231.56%23315604.3463831563.8300000000000.00
08/07/2026WBIFWIXM98068105Wix.com Ltd5,95660.880000362601.281.56%23315604.3463831563.8300000000000.00
08/07/2026WBIFACNG1151C101Accenture PLC2,117171.110000362239.871.55%23315604.3463831563.8300000000000.00
08/07/2026WBIFHPQ40434L105HP Inc12,78428.180000360253.121.55%23315604.3463831563.8300000000000.00
08/07/2026WBIFPGR743315103Progressive Corp/The1,670215.340000359617.801.54%23315604.3463831563.8300000000000.00
08/07/2026WBIFAVY053611109Avery Dennison Corp2,039173.990000354765.611.52%23315604.3463831563.8300000000000.00
08/07/2026WBIFEFX294429105Equifax Inc2,011175.790000353513.691.52%23315604.3463831563.8300000000000.00
08/07/2026WBIFLMT539830109Lockheed Martin Corp607582.850000353789.951.52%23315604.3463831563.8300000000000.00
08/07/2026WBIFCCK228368106Crown Holdings Inc2,900121.100000351190.001.51%23315604.3463831563.8300000000000.00
08/07/2026WBIFGL37959E102Globe Life Inc1,884186.020000350461.681.50%23315604.3463831563.8300000000000.00
08/07/2026WBIFR783549108Ryder System Inc1,330262.290000348845.701.50%23315604.3463831563.8300000000000.00
08/07/2026WBIFMKC579780206McCormick & Co Inc/MD6,63952.280000347086.921.49%23315604.3463831563.8300000000000.00
08/07/2026WBIFLEVI52736R102Levi Strauss & Co14,16824.300000344282.401.48%23315604.3463831563.8300000000000.00
08/07/2026WBIFTW892672106Tradeweb Markets Inc3,309103.320000341885.881.47%23315604.3463831563.8300000000000.00
08/07/2026WBIFLNG16411R208Cheniere Energy Inc1,199265.770000318658.231.37%23315604.3463831563.8300000000000.00
08/07/2026WBIFMUSA626755102Murphy USA Inc597536.180000320099.461.37%23315604.3463831563.8300000000000.00
08/07/2026WBIFCMC201723103Commercial Metals Co4,17873.690000307876.821.32%23315604.3463831563.8300000000000.00
08/07/2026WBIFTMO883556102Thermo Fisher Scientific Inc505580.020000292910.101.26%23315604.3463831563.8300000000000.00
08/07/2026WBIFMPC56585A102Marathon Petroleum Corp966299.250000289075.501.24%23315604.3463831563.8300000000000.00
08/07/2026WBIFTPR876030107Tapestry Inc1,787162.000000289494.001.24%23315604.3463831563.8300000000000.00
08/07/2026WBIFPAYX704326107Paychex Inc2,346120.130000281824.981.21%23315604.3463831563.8300000000000.00
08/07/2026WBIFROP776696106Roper Technologies Inc707397.080000280735.561.20%23315604.3463831563.8300000000000.00
08/07/2026WBIFCRWD22788C105Crowdstrike Holdings Inc1,340207.390000277902.601.19%23315604.3463831563.8300000000000.00
08/07/2026WBIFQLYS74758T303Qualys Inc1,512181.780000274851.361.18%23315604.3463831563.8300000000000.00
08/07/2026WBIFMSI620076307Motorola Solutions Inc574474.070000272116.181.17%23315604.3463831563.8300000000000.00
08/07/2026WBIFCTAS172908105Cintas Corp1,342202.150000271285.301.16%23315604.3463831563.8300000000000.00
08/07/2026WBIFSHW824348106Sherwin-Williams Co/The733363.420000266386.861.14%23315604.3463831563.8300000000000.00
08/07/2026WBIFTEAM049468101Atlassian Corp2,423110.170000266941.911.14%23315604.3463831563.8300000000000.00
08/07/2026WBIFTTG8994E103Trane Technologies PLC525478.660000251296.501.08%23315604.3463831563.8300000000000.00
08/07/2026WBIFHIG416515104Hartford Insurance Group Inc/The1,717144.510000248123.671.06%23315604.3463831563.8300000000000.00
08/07/2026WBIFTELG87052109TE Connectivity PLC1,105215.080000237663.401.02%23315604.3463831563.8300000000000.00
08/07/2026WBIFDDOG23804L103Datadog Inc993229.290000227684.970.98%23315604.3463831563.8300000000000.00
08/07/2026WBIFAWK030420103American Water Works Co Inc1,675134.820000225823.500.97%23315604.3463831563.8300000000000.00
08/07/2026WBIFNEE65339F101NextEra Energy Inc2,62784.600000222244.200.95%23315604.3463831563.8300000000000.00
08/07/2026WBIFLDOS525327102Leidos Holdings Inc1,602135.260000216686.520.93%23315604.3463831563.8300000000000.00
08/07/2026WBIFMA57636Q104Mastercard Inc375575.950000215981.250.93%23315604.3463831563.8300000000000.00
08/07/2026WBIFMRSH571748102Marsh & McLennan Cos Inc1,049193.290000202761.210.87%23315604.3463831563.8300000000000.00
08/07/2026WBIFCPAP31076105Copa Holdings SA1,384142.050000196597.200.84%23315604.3463831563.8300000000000.00
08/07/2026WBIFSWK854502101Stanley Black & Decker Inc1,949101.040000196926.960.84%23315604.3463831563.8300000000000.00
08/07/2026WBIFALLEG0176J109Allegion plc1,148168.700000193667.600.83%23315604.3463831563.8300000000000.00
08/07/2026WBIFS81730H109SentinelOne Inc9,16820.760000190327.680.82%23315604.3463831563.8300000000000.00
08/07/2026WBIFCDW12514G108CDW Corp/DE1,322141.970000187684.340.80%23315604.3463831563.8300000000000.00
08/07/2026WBIFLW513272104Lamb Weston Holdings Inc3,36851.670000174024.560.75%23315604.3463831563.8300000000001279.84
08/07/2026WBIFTOL889478103Toll Brothers Inc1,158151.330000175240.140.75%23315604.3463831563.8300000000000.00
08/07/2026WBIFSJM832696405J M Smucker Co/The1,418118.800000168458.400.72%23315604.3463831563.8300000000000.00
08/07/2026WBIFTTC891092108Toro Co/The1,64698.230000161686.580.69%23315604.3463831563.8300000000000.00
08/07/2026WBIFTSCO892356106Tractor Supply Co4,63334.090000157938.970.68%23315604.3463831563.8300000000000.00
08/07/2026WBIFALSN01973R101Allison Transmission Holdings Inc1,288116.240000149717.120.64%23315604.3463831563.8300000000000.00
08/07/2026WBIFNFG636180101National Fuel Gas Co1,77480.630000143037.620.61%23315604.3463831563.8300000000000.00
08/07/2026WBIFOKTA679295105Okta Inc397143.51000056973.470.24%23315604.3463831563.8300000000000.00
08/07/2026WBIFSCCO84265V105Southern Copper Corp1193.03000096.520.00%23315604.3463831563.8300000000000.00
Premium/Discount
Download Premium/Discount
Fund Information
As of: 08/05/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$26.57
$0.00
0.19%
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: 08/05/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,210,183
32.16
$26.57
2,066
0.00%
1.44%
Performance Month End
As of: 07/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
0.95%
0.95%
12.18%
20.19%
5.25%
1.59
1.93%
Market
1.15%
1.15%
12.12%
20.47%
5.30%
1.61
1.93%
Performance Quarter End
As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
2.30
10.20
11.13
19.50
5.50
1.30
1.86
Market
2.11
10.08
10.85
19.54
5.44
1.26
1.85

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

Fund Characteristics
As of: 7/31/2026
30-Day SEC Yield
1.12%
WBIG Top Holdings
As of: 08/07/2026
Security Name Weightings Shares
Cash & Other
WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund
Angel Oak High Yield Opportunities ETF
OneMain Holdings Inc
Prudential Financial Inc
Kimberly-Clark Corp
Ball Corp
T Rowe Price Group Inc
Yum China Holdings Inc
McKesson Corp
4.98%
2.57%
2.39%
2.12%
2.05%
1.96%
1.88%
1.85%
1.78%
1.77%
1,594,156
36,468
69,398
10,431
5,389
5,775
9,536
5,211
11,829
650
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
08/07/2026WBIGCash&OtherCash&OtherCash & Other1,594,1561.0000001594155.524.98%32005346.751210183121.020000000000Y
08/07/2026WBIGAGZD97717W380WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund36,46822.593100823925.172.57%32005346.751210183121.0200000000000.00
08/07/2026WBIGAOHY03463K745Angel Oak High Yield Opportunities ETF69,39811.015000764418.972.39%32005346.751210183121.0200000000000.00
08/07/2026WBIGOMF68268W103OneMain Holdings Inc10,43165.030000678327.932.12%32005346.751210183121.0200000000000.00
08/07/2026WBIGPRU744320102Prudential Financial Inc5,389121.500000654763.502.05%32005346.751210183121.0200000000000.00
08/07/2026WBIGKMB494368103Kimberly-Clark Corp5,775108.660000627511.501.96%32005346.751210183121.0200000000000.00
08/07/2026WBIGBALL058498106Ball Corp9,53663.130000602007.681.88%32005346.751210183121.0200000000000.00
08/07/2026WBIGTROW74144T108T Rowe Price Group Inc5,211113.620000592073.821.85%32005346.751210183121.0200000000000.00
08/07/2026WBIGYUMC98850P109Yum China Holdings Inc11,82948.190000570039.511.78%32005346.751210183121.0200000000000.00
08/07/2026WBIGMCK58155Q103McKesson Corp650871.380000566397.001.77%32005346.751210183121.0200000000000.00
08/07/2026WBIGVZ92343V104Verizon Communications Inc11,87346.990000557912.271.74%32005346.751210183121.0200000000000.00
08/07/2026WBIGMKC579780206McCormick & Co Inc/MD10,61252.280000554795.361.73%32005346.751210183121.0200000000000.00
08/07/2026WBIGES30040W108Eversource Energy7,63572.060000550178.101.72%32005346.751210183121.0200000000000.00
08/07/2026WBIGTAP60871R209Molson Coors Beverage Co12,92242.410000548022.021.71%32005346.751210183121.0200000000000.00
08/07/2026WBIGAXP025816109American Express Co1,551342.600000531372.601.66%32005346.751210183121.0200000000000.00
08/07/2026WBIGSFD832248207Smithfield Foods Inc21,12825.080000529890.241.66%32005346.751210183121.0200000000000.00
08/07/2026WBIGMO02209S103Altria Group Inc7,75267.750000525198.001.64%32005346.751210183121.0200000000000.00
08/07/2026WBIGBEN354613101Franklin Resources Inc15,34234.000000521628.001.63%32005346.751210183121.0200000000000.00
08/07/2026WBIGSLNZ29287L809TCW Senior Loan ETF11,38845.625000519577.501.62%32005346.751210183121.0200000000000.00
08/07/2026WBIGIBKR45841N107Interactive Brokers Group Inc5,86986.020000504851.381.58%32005346.751210183121.0200000000000.00
08/07/2026WBIGPIPR724078209Piper Sandler Cos6,73074.400000500712.001.56%32005346.751210183121.0200000000000.00
08/07/2026WBIGEVSD61774R825Eaton Vance Short Duration Income ETF9,14650.755200464207.061.45%32005346.751210183121.0200000000000.00
08/07/2026WBIGFLRN78468R200State Street SPDR Bloomberg Investment Grade Floating Rate ETF14,76530.750000454023.751.42%32005346.751210183121.0200000000000.00
08/07/2026WBIGQLYS74758T303Qualys Inc2,318181.780000421366.041.32%32005346.751210183121.0200000000000.00
08/07/2026WBIGCRWD22788C105Crowdstrike Holdings Inc2,012207.390000417268.681.30%32005346.751210183121.0200000000000.00
08/07/2026WBIGS81730H109SentinelOne Inc19,45420.760000403865.041.26%32005346.751210183121.0200000000000.00
08/07/2026WBIGHPQ40434L105HP Inc13,94428.180000392941.921.23%32005346.751210183121.0200000000000.00
08/07/2026WBIGPRI74164M108Primerica Inc1,187326.410000387448.671.21%32005346.751210183121.0200000000000.00
08/07/2026WBIGVCTR92645B103Victory Capital Holdings Inc3,608106.790000385298.321.20%32005346.751210183121.0200000000000.00
08/07/2026WBIGVOYA929089100Voya Financial Inc3,700101.500000375550.001.17%32005346.751210183121.0200000000000.00
08/07/2026WBIGACNG1151C101Accenture PLC2,170171.110000371308.701.16%32005346.751210183121.0200000000000.00
08/07/2026WBIGWIXM98068105Wix.com Ltd6,10760.880000371794.161.16%32005346.751210183121.0200000000000.00
08/07/2026WBIGCOF14040H105Capital One Financial Corp1,669220.000000367180.001.15%32005346.751210183121.0200000000000.00
08/07/2026WBIGHRB093671105H&R Block Inc8,03945.950000369392.051.15%32005346.751210183121.0200000000000.00
08/07/2026WBIGBBY086516101Best Buy Co Inc4,26180.020000340965.221.07%32005346.751210183121.0200000000000.00
08/07/2026WBIGAFL001055102Aflac Inc2,647126.660000335269.021.05%32005346.751210183121.0200000000000.00
08/07/2026WBIGAUG0378L100Anglogold Ashanti Plc3,81587.590000334155.851.04%32005346.751210183121.0200000000000.00
08/07/2026WBIGHRL440452100Hormel Foods Corp13,28325.090000333270.471.04%32005346.751210183121.0200000000000.00
08/07/2026WBIGROST778296103Ross Stores Inc1,307254.310000332383.171.04%32005346.751210183121.0200000000000.00
08/07/2026WBIGDDOG23804L103Datadog Inc1,435229.290000329031.151.03%32005346.751210183121.0200000000000.00
08/07/2026WBIGSCCO84265V105Southern Copper Corp1,703193.030000328730.091.03%32005346.751210183121.0200000000000.00
08/07/2026WBIGUI90353W103Ubiquiti Inc579567.220000328420.381.03%32005346.751210183121.0200000000000.00
08/07/2026WBIGMLI624756102Mueller Industries Inc4,69769.460000326253.621.02%32005346.751210183121.0200000000000.00
08/07/2026WBIGBF/B115637209Brown-Forman Corp11,42128.270000322871.671.01%32005346.751210183121.0200000000000.00
08/07/2026WBIGCCK228368106Crown Holdings Inc2,662121.100000322368.201.01%32005346.751210183121.0200000000000.00
08/07/2026WBIGADP053015103Automatic Data Processing Inc1,165273.510000318639.151.00%32005346.751210183121.0200000000000.00
08/07/2026WBIGPGR743315103Progressive Corp/The1,483215.340000319349.221.00%32005346.751210183121.0200000000000.00
08/07/2026WBIGTGT87612E106Target Corp2,180147.080000320634.401.00%32005346.751210183121.0200000000000.00
08/07/2026WBIGGSY46090A887Invesco Ultra Short Duration ETF6,31350.190000316849.470.99%32005346.751210183121.0200000000000.00
08/07/2026WBIGPEP713448108PepsiCo Inc2,300138.440000318412.000.99%32005346.751210183121.0200000000000.00
08/07/2026WBIGTW892672106Tradeweb Markets Inc3,075103.320000317709.000.99%32005346.751210183121.0200000000000.00
08/07/2026WBIGABT002824100Abbott Laboratories2,840107.960000306606.400.96%32005346.751210183121.0200000000000.00
08/07/2026WBIGEFX294429105Equifax Inc1,756175.790000308687.240.96%32005346.751210183121.0200000000000.00
08/07/2026WBIGMET59156R108MetLife Inc3,06799.950000306546.650.96%32005346.751210183121.0200000000000.00
08/07/2026WBIGPAYX704326107Paychex Inc2,570120.130000308734.100.96%32005346.751210183121.0200000000000.00
08/07/2026WBIGROP776696106Roper Technologies Inc748397.080000297015.840.93%32005346.751210183121.0200000000000.00
08/07/2026WBIGTEAM049468101Atlassian Corp2,695110.170000296908.150.93%32005346.751210183121.0200000000000.00
08/07/2026WBIGTPR876030107Tapestry Inc1,834162.000000297108.000.93%32005346.751210183121.0200000000000.00
08/07/2026WBIGAPA03743Q108APA Corp8,00436.530000292386.120.91%32005346.751210183121.0200000000000.00
08/07/2026WBIGBDX075887109Becton Dickinson & Co1,648177.070000291811.360.91%32005346.751210183121.0200000000000.00
08/07/2026WBIGPSX718546104Phillips 661,416205.520000291016.320.91%32005346.751210183121.0200000000000.00
08/07/2026WBIGTMO883556102Thermo Fisher Scientific Inc503580.020000291750.060.91%32005346.751210183121.0200000000000.00
08/07/2026WBIGCTAS172908105Cintas Corp1,429202.150000288872.350.90%32005346.751210183121.0200000000000.00
08/07/2026WBIGFDX31428X106FedEx Corp909315.870000287125.830.90%32005346.751210183121.0200000000000.00
08/07/2026WBIGMSI620076307Motorola Solutions Inc610474.070000289182.700.90%32005346.751210183121.0200000000000.00
08/07/2026WBIGPFG74251V102Principal Financial Group Inc2,434115.410000280907.940.88%32005346.751210183121.0200000000000.00
08/07/2026WBIGDRI237194105Darden Restaurants Inc1,256210.940000264940.640.83%32005346.751210183121.0200000000000.00
08/07/2026WBIGSHW824348106Sherwin-Williams Co/The731363.420000265660.020.83%32005346.751210183121.0200000000000.00
08/07/2026WBIGMUSA626755102Murphy USA Inc487536.180000261119.660.82%32005346.751210183121.0200000000000.00
08/07/2026WBIGFTSL33738D309First Trust Senior Loan ETF5,80944.894900260794.470.81%32005346.751210183121.0200000000000.00
08/07/2026WBIGHIG416515104Hartford Insurance Group Inc/The1,780144.510000257227.800.80%32005346.751210183121.0200000000000.00
08/07/2026WBIGNEAR46431W507iShares Short Duration Bond Active ETF5,01150.445000252779.900.79%32005346.751210183121.0200000000000.00
08/07/2026WBIGLMT539830109Lockheed Martin Corp430582.850000250625.500.78%32005346.751210183121.0200000000000.00
08/07/2026WBIGEOG26875P101EOG Resources Inc1,793136.200000244206.600.76%32005346.751210183121.0200000000000.00
08/07/2026WBIGCVS126650100CVS Health Corp2,47496.220000238048.280.74%32005346.751210183121.0200000000000.00
08/07/2026WBIGTELG87052109TE Connectivity PLC1,096215.080000235727.680.74%32005346.751210183121.0200000000000.00
08/07/2026WBIGVTRS92556V106Viatris Inc14,11016.290000229851.900.72%32005346.751210183121.0200000000000.00
08/07/2026WBIGAWK030420103American Water Works Co Inc1,677134.820000226093.140.71%32005346.751210183121.0200000000000.00
08/07/2026WBIGMRSH571748102Marsh & McLennan Cos Inc1,102193.290000213005.580.67%32005346.751210183121.0200000000000.00
08/07/2026WBIGEQT26884L109EQT Corp2,84951.600000147008.400.46%32005346.751210183121.0200000000000.00
08/07/2026WBIGTTC891092108Toro Co/The1,00898.23000099015.840.31%32005346.751210183121.0200000000000.00
08/07/2026WBIGOKTA679295105Okta Inc551143.51000079074.010.25%32005346.751210183121.0200000000000.00
Premium/Discount
Download Premium/Discount
Fund Information
As of: 08/05/2026
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$40.63
$0.17
0.23%
Fund Goals

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

Prices
As of: 08/05/2026
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
747,182
30.36
$40.64
903
0.01%
1.65%
Performance Month End
As of: 07/31/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-1.20%
-1.20%
14.18%
21.74%
9.71%
5.66
4.57%
Market
-1.35%
-1.35%
14.12%
21.81%
9.75%
5.66
4.56%
Performance Quarter End
As of: 06/30/2026
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
1.55
19.59
15.57
23.70
11.33
6.24
4.71
Market
1.65
19.82
15.68
23.73
11.35
6.24
4.72

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

Fund Characteristics
As of: 7/31/2026
30-Day SEC Yield
-0.64%
WBIL Top Holdings
As of: 08/07/2026
Security Name Weightings Shares
Expedia Group Inc
Cash & Other
Crowdstrike Holdings Inc
Automatic Data Processing Inc
Charles Schwab Corp/The
Cboe Global Markets Inc
PACCAR Inc
NetApp Inc
Atlassian Corp
Tapestry Inc
2.65%
2.64%
2.52%
2.40%
2.36%
2.35%
2.33%
2.27%
2.27%
2.24%
2,604
796,600
3,667
2,645
6,596
2,445
5,308
3,574
6,223
4,174
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
08/07/2026WBILEXPE30212P303Expedia Group Inc2,604306.570000798308.282.65%30147822.3674718274.7200000000000.00
08/07/2026WBILCash&OtherCash&OtherCash & Other796,6001.000000796600.152.64%30147822.3674718274.720000000000Y
08/07/2026WBILCRWD22788C105Crowdstrike Holdings Inc3,667207.390000760499.132.52%30147822.3674718274.7200000000000.00
08/07/2026WBILADP053015103Automatic Data Processing Inc2,645273.510000723433.952.40%30147822.3674718274.7200000000000.00
08/07/2026WBILSCHW808513105Charles Schwab Corp/The6,596107.660000710125.362.36%30147822.3674718274.7200000000000.00
08/07/2026WBILCBOE12503M108Cboe Global Markets Inc2,445289.170000707020.652.35%30147822.3674718274.7200000000000.00
08/07/2026WBILPCAR693718108PACCAR Inc5,308132.060000700974.482.33%30147822.3674718274.7200000000000.00
08/07/2026WBILNTAP64110D104NetApp Inc3,574191.480000684349.522.27%30147822.3674718274.7200000000000.00
08/07/2026WBILTEAM049468101Atlassian Corp6,223110.170000685587.912.27%30147822.3674718274.7200000000000.00
08/07/2026WBILTPR876030107Tapestry Inc4,174162.000000676188.002.24%30147822.3674718274.7200000000000.00
08/07/2026WBILHEI422806109HEICO Corp1,818363.290000660461.222.19%30147822.3674718274.7200000000000.00
08/07/2026WBILGE369604301GE AEROSPACE1,749374.550000655087.952.17%30147822.3674718274.7200000000000.00
08/07/2026WBILMNST61174X109Monster Beverage Corp6,93094.160000652528.802.16%30147822.3674718274.7200000000000.00
08/07/2026WBILMDB60937P106MongoDB Inc1,744370.000000645280.002.14%30147822.3674718274.7200000000000.00
08/07/2026WBILLLY532457108Eli Lilly & Co5391191.940000642455.662.13%30147822.3674718274.7200000000000.00
08/07/2026WBILAVGO11135F101Broadcom Inc1,517420.565000637997.112.12%30147822.3674718274.7200000000000.00
08/07/2026WBILAXP025816109American Express Co1,840342.600000630384.002.09%30147822.3674718274.7200000000000.00
08/07/2026WBILC172967424Citigroup Inc4,694133.820000628151.082.08%30147822.3674718274.7200000000000.00
08/07/2026WBILMS617446448Morgan Stanley2,871213.750000613676.252.04%30147822.3674718274.7200000000000.00
08/07/2026WBILAAPL037833100Apple Inc1,949312.410000608887.092.02%30147822.3674718274.7200000000000.00
08/07/2026WBILEW28176E108Edwards Lifesciences Corp6,77589.320000605143.002.01%30147822.3674718274.7200000000000.00
08/07/2026WBILDDOG23804L103Datadog Inc2,616229.290000599822.641.99%30147822.3674718274.7200000000000.00
08/07/2026WBILKO191216100Coca-Cola Co/The6,87686.850000597180.601.98%30147822.3674718274.7200000000000.00
08/07/2026WBILSTLD858119100Steel Dynamics Inc2,280261.480000596174.401.98%30147822.3674718274.7200000000000.00
08/07/2026WBILIBKR45841N107Interactive Brokers Group Inc6,78486.020000583559.681.94%30147822.3674718274.7200000000000.00
08/07/2026WBILROK773903109Rockwell Automation Inc1,316441.800000581408.801.93%30147822.3674718274.7200000000000.00
08/07/2026WBILEBAY278642103eBay Inc5,226110.140000575591.641.91%30147822.3674718274.7200000000000.00
08/07/2026WBILMAR571903202Marriott International Inc/MD1,578359.670000567559.261.88%30147822.3674718274.7200000000000.00
08/07/2026WBILCI125523100Cigna Group/The2,030275.250000558757.501.85%30147822.3674718274.7200000000000.00
08/07/2026WBILXPO983793100XPO Inc2,776196.350000545067.601.81%30147822.3674718274.7200000000000.00
08/07/2026WBILLVS517834107Las Vegas Sands Corp11,72146.110000540455.311.79%30147822.3674718274.7200000000000.00
08/07/2026WBILHWM443201108Howmet Aerospace Inc1,827289.580000529062.661.75%30147822.3674718274.720000000000255.78
08/07/2026WBILTWLO90138F102Twilio Inc2,700193.200000521640.001.73%30147822.3674718274.7200000000000.00
08/07/2026WBILTKO87256C101TKO Group Holdings Inc2,775187.290000519729.751.72%30147822.3674718274.7200000000000.00
08/07/2026WBILCASY147528103Casey's General Stores Inc584832.420000486133.281.61%30147822.3674718274.7200000000000.00
08/07/2026WBILBMY110122108Bristol-Myers Squibb Co6,97064.150000447125.501.48%30147822.3674718274.7200000000000.00
08/07/2026WBILLMT539830109Lockheed Martin Corp725582.850000422566.251.40%30147822.3674718274.7200000000000.00
08/07/2026WBILROST778296103Ross Stores Inc1,627254.310000413762.371.37%30147822.3674718274.7200000000000.00
08/07/2026WBILNEM651639106Newmont Corp3,887105.430000409806.411.36%30147822.3674718274.7200000000000.00
08/07/2026WBILQLYS74758T303Qualys Inc2,243181.780000407732.541.35%30147822.3674718274.7200000000000.00
08/07/2026WBILCSCO17275R102Cisco Systems Inc3,155120.880000381376.401.27%30147822.3674718274.7200000000000.00
08/07/2026WBILS81730H109SentinelOne Inc18,30720.760000380053.321.26%30147822.3674718274.7200000000000.00
08/07/2026WBILSLB806857108SLB Ltd7,17551.540000369799.501.23%30147822.3674718274.7200000000000.00
08/07/2026WBILPAYX704326107Paychex Inc3,004120.130000360870.521.20%30147822.3674718274.7200000000000.00
08/07/2026WBILFOX35137L204Fox Corp6,44355.370000356748.911.18%30147822.3674718274.7200000000000.00
08/07/2026WBILMPWR609839105Monolithic Power Systems Inc2411359.080000327538.281.09%30147822.3674718274.7200000000000.00
08/07/2026WBILCMI231021106Cummins Inc499643.980000321346.021.07%30147822.3674718274.7200000000000.00
08/07/2026WBILCRS144285103Carpenter Technology Corp578557.240000322084.721.07%30147822.3674718274.7200000000000.00
08/07/2026WBILFANG25278X109Diamondback Energy Inc1,701189.630000322560.631.07%30147822.3674718274.7200000000000.00
08/07/2026WBILGD369550108General Dynamics Corp822386.920000318048.241.05%30147822.3674718274.7200000000000.00
08/07/2026WBILOKTA679295105Okta Inc2,116143.510000303667.161.01%30147822.3674718274.7200000000000.00
08/07/2026WBILAMP03076C106Ameriprise Financial Inc505559.820000282709.100.94%30147822.3674718274.7200000000000.00
08/07/2026WBILPH701094104Parker-Hannifin Corp2151069.800000230007.000.76%30147822.3674718274.7200000000000.00
08/07/2026WBILAMGN031162100Amgen Inc561404.850000227120.850.75%30147822.3674718274.7200000000000.00
08/07/2026WBILSYY871829107Sysco Corp2,51584.350000212140.250.70%30147822.3674718274.7200000000000.00
08/07/2026WBILIDXX45168D104IDEXX Laboratories Inc347590.000000204730.000.68%30147822.3674718274.7200000000000.00
08/07/2026WBILTJX872540109TJX Cos Inc/The1,219162.060000197551.140.66%30147822.3674718274.7200000000000.00
08/07/2026WBILUNP907818108Union Pacific Corp674295.380000199086.120.66%30147822.3674718274.7200000000000.00
08/07/2026WBILODFL679580100Old Dominion Freight Line Inc897211.410000189634.770.63%30147822.3674718274.7200000000000.00
08/07/2026WBILWM94106L109Waste Management Inc830229.010000190078.300.63%30147822.3674718274.7200000000000.00
08/07/2026WBILPEP713448108PepsiCo Inc1,225138.440000169589.000.56%30147822.3674718274.7200000000000.00
08/07/2026WBILFAST311900104Fastenal Co2,96750.800000150723.600.50%30147822.3674718274.7200000000000.00
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Market Disruptions Resulting from COVID-19.  The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund.

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

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

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

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

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

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