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Fund Information
As of: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small and midcap domestic and foreign securities with improving fundamental growth trends

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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.

WBIA Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small and midcap domestic and foreign securities with consistent fundamentals and strong value characteristics

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.05%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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.

WBIB Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.05%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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.

WBIC Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in small and midcap domestic and foreign securities with attractive value characteristics and prospects for financial stability

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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.

WBID Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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.

WBIE Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
$31.170.31%
- $0.200.31%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/20/2021WBIFCash&OtherCash&OtherCash & Other2,867,5401.0000002867540.385.62%51068408.36163831532Y
09/20/2021WBIFFSK302635206FS KKR CAP CORP COM109,13322.4800002453309.844.80%51068408.361638315320.00
09/20/2021WBIFABC03073E105AMERISOURCEBERGEN CORP19,501123.4700002407788.474.71%51068408.361638315320.00
09/20/2021WBIFHSY427866108HERSHEY CO13,251175.0700002319852.574.54%51068408.361638315320.00
09/20/2021WBIFTOL889478103TOLL BROTHERS INC36,75262.8900002311333.284.53%51068408.361638315320.00
09/20/2021WBIFBBY086516101BEST BUY INC21,123109.6200002315503.264.53%51068408.361638315320.00
09/20/2021WBIFTROW74144T108PRICE T ROWE GROUP INC10,392213.5100002218795.924.34%51068408.361638315320.00
09/20/2021WBIFFE337932107FIRSTENERGY CORP59,45436.7300002183745.424.28%51068408.361638315320.00
09/20/2021WBIFALLEG0176J109ALLEGION PLC15,533138.4400002150388.524.21%51068408.361638315320.00
09/20/2021WBIFWMT931142103WALMART INC14,682144.7300002124925.864.16%51068408.361638315320.00
09/20/2021WBIFMET59156R108METLIFE INC34,09661.7200002104405.124.12%51068408.361638315320.00
09/20/2021WBIFWM94106L109WASTE MGMT INC DEL13,412152.6800002047744.164.01%51068408.361638315320.00
09/20/2021WBIFCDW12514G108CDW CORP10,676191.1400002040610.644.00%51068408.361638315320.00
09/20/2021WBIFPH701094104PARKER-HANNIFIN CORP7,053287.6300002028654.393.97%51068408.361638315320.00
09/20/2021WBIFCSCO17275R102CISCO SYS INC35,32956.8500002008453.653.93%51068408.361638315320.00
09/20/2021WBIFGD369550108GENERAL DYNAMICS CORP8,622195.1200001682324.643.29%51068408.361638315320.00
09/20/2021WBIFACNG1151C101ACCENTURE PLC IRELAND4,980335.4000001670292.003.27%51068408.361638315320.00
09/20/2021WBIFZION989701107ZIONS BANCORPORATION N A28,85457.0900001647274.863.23%51068408.361638315320.00
09/20/2021WBIFJHGG4474Y214JANUS HENDERSON GROUP PLC37,65642.9800001618454.883.17%51068408.361638315320.00
09/20/2021WBIFGOOGL02079K305ALPHABET INC5352816.0000001506560.002.95%51068408.361638315320.00
09/20/2021WBIFSHOP82509L107SHOPIFY INC9371486.2900001392653.732.73%51068408.361638315320.00
09/20/2021WBIFAVGO11135F101BROADCOM INC2,685506.0000001358610.002.66%51068408.361638315320.00
09/20/2021WBIFNFLX64110L106NETFLIX INC2,199589.3500001295980.652.54%51068408.361638315320.00
09/20/2021WBIFAMZN023135106AMAZON COM INC3693462.5200001277669.882.50%51068408.361638315320.00
09/20/2021WBIFAMAT038222105APPLIED MATLS INC7,947140.8000001118937.602.19%51068408.361638315320.00
09/20/2021WBIFCRH12626K203CRH PLC21,32749.7600001061231.522.08%51068408.361638315320.00
09/20/2021WBIFPG742718109PROCTER AND GAMBLE CO5,476144.340000790405.841.55%51068408.361638315320.00
09/20/2021WBIFHIG416515104HARTFORD FINL SVCS GROUP INC COM8,04969.560000559888.441.10%51068408.361638315320.00
09/20/2021WBIFMMC571748102MARSH & MCLENNAN COS INC3,230155.830000503330.900.99%51068408.361638315320.00
Fund Goals

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

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,638,3150.31%
51.070.31%
$31.140.31%
50.31%
-0.12%0.31%
1.04%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
2.52%
1.42%
20.39%
16.54%
2.82%
4.54%
Market
2.57%
1.37%
20.52%
16.47%
2.83%
4.53%
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.21
6.31
18.71
25.51
5.01
4.44
Market
-0.13
6.20
18.90
25.63
5.08
4.44

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.

WBIF Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
Cash & Other
FS KKR CAP CORP COM
AMERISOURCEBERGEN CORP
HERSHEY CO
TOLL BROTHERS INC
BEST BUY INC
PRICE T ROWE GROUP INC
FIRSTENERGY CORP
ALLEGION PLC
WALMART INC
5.62%
4.80%
4.71%
4.54%
4.53%
4.53%
4.34%
4.28%
4.21%
4.16%
2,867,540
109,133
19,501
13,251
36,752
21,123
10,392
59,454
15,533
14,682
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
$26.400.26%
- $0.130.26%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/20/2021WBIGPM718172109PHILIP MORRIS INTL INC21,892101.8600002229919.124.88%45677004.221730183340.00
09/20/2021WBIGJHGG4474Y214JANUS HENDERSON GROUP PLC51,25442.9800002202896.924.82%45677004.221730183340.00
09/20/2021WBIGTFC89832Q109TRUIST FINANCIAL CORP38,00855.3300002102982.644.60%45677004.221730183340.00
09/20/2021WBIGABC03073E105AMERISOURCEBERGEN CORP16,724123.4700002064912.284.52%45677004.221730183340.00
09/20/2021WBIGFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM44,47146.0800002049223.684.49%45677004.221730183340.00
09/20/2021WBIGGD369550108GENERAL DYNAMICS CORP10,370195.1200002023394.404.43%45677004.221730183340.00
09/20/2021WBIGWBA931427108WALGREENS BOOTS ALLIANCE INC COM40,67349.6200002018194.264.42%45677004.221730183340.00
09/20/2021WBIGCCEPG25839104COCA-COLA EUROPACIFIC PARTNERS SHS34,72857.8500002009014.804.40%45677004.221730183340.00
09/20/2021WBIGCash&OtherCash&OtherCash & Other1,948,5741.0000001948573.884.27%45677004.22173018334Y
09/20/2021WBIGFE337932107FIRSTENERGY CORP52,86336.7300001941657.994.25%45677004.221730183340.00
09/20/2021WBIGALLEG0176J109ALLEGION PLC13,875138.4400001920855.004.21%45677004.221730183340.00
09/20/2021WBIGHIG416515104HARTFORD FINL SVCS GROUP INC COM26,79069.5600001863512.404.08%45677004.221730183340.00
09/20/2021WBIGLOW548661107LOWES COS INC8,842209.0300001848243.264.05%45677004.221730183340.00
09/20/2021WBIGABT002824100ABBOTT LABS14,550126.7900001844794.504.04%45677004.221730183340.00
09/20/2021WBIGGPC372460105GENUINE PARTS CO14,971122.0000001826462.004.00%45677004.221730183340.00
09/20/2021WBIGTROW74144T108PRICE T ROWE GROUP INC8,534213.5100001822094.343.99%45677004.221730183340.00
09/20/2021WBIGPAG70959W103PENSKE AUTOMOTIVE GRP INC18,64996.7100001803544.793.95%45677004.221730183340.00
09/20/2021WBIGCSCO17275R102CISCO SYS INC31,48556.8500001789922.253.92%45677004.221730183340.00
09/20/2021WBIGGOOGL02079K305ALPHABET INC6252816.0000001760000.003.85%45677004.221730183340.00
09/20/2021WBIGIRM46284V101IRON MTN INC NEW35,11544.9000001576663.503.45%45677004.221730183340.00
09/20/2021WBIGAVGO11135F101BROADCOM INC2,864506.0000001449184.003.17%45677004.221730183340.00
09/20/2021WBIGSHOP82509L107SHOPIFY INC8611486.2900001279695.692.80%45677004.221730183340.00
09/20/2021WBIGFSK302635206FS KKR CAP CORP COM55,64722.4800001250944.562.74%45677004.221730183340.00
09/20/2021WBIGREG3223R108EVEREST RE GROUP LTD4,622255.8600001182584.922.59%45677004.221730183340.00
09/20/2021WBIGNVDA67066G104NVIDIA CORPORATION5,093219.0000001115367.002.44%45677004.221730183340.00
09/20/2021WBIGWMT931142103WALMART INC2,664144.730000385560.720.84%45677004.221730183340.00
09/20/2021WBIGSIRI82968B103SIRIUS XM HOLDINGS INC59,1756.080000359784.000.79%45677004.221730183340.00
Fund Goals

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

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,730,1830.26%
45.680.26%
$26.410.26%
450.26%
0.04%0.26%
1.04%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
2.34%
1.82%
16.17%
12.85%
1.50%
2.48%
Market
2.44%
1.81%
16.60%
12.81%
1.50%
2.49%
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.15
6.44
14.10
20.36
2.63
2.28
Market
-0.07
6.48
14.52
20.46
2.70
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.

WBIG Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
PHILIP MORRIS INTL INC
JANUS HENDERSON GROUP PLC
TRUIST FINANCIAL CORP
AMERISOURCEBERGEN CORP
FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM
GENERAL DYNAMICS CORP
WALGREENS BOOTS ALLIANCE INC COM
COCA-COLA EUROPACIFIC PARTNERS SHS
Cash & Other
FIRSTENERGY CORP
4.88%
4.82%
4.60%
4.52%
4.49%
4.43%
4.42%
4.40%
4.27%
4.25%
21,892
51,254
38,008
16,724
44,471
10,370
40,673
34,728
1,948,574
52,863
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
$30.530.23%
- $0.220.23%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/20/2021WBILACNG1151C101ACCENTURE PLC IRELAND7,403335.4000002482966.205.70%43572722.771427182280.00
09/20/2021WBILGOOGL02079K305ALPHABET INC7362816.0000002072576.004.76%43572722.771427182280.00
09/20/2021WBILLHX502431109L3HARRIS TECHNOLOGIES INC9,019222.4600002006366.744.60%43572722.771427182280.00
09/20/2021WBILMMC571748102MARSH & MCLENNAN COS INC12,796155.8300001994000.684.58%43572722.771427182280.00
09/20/2021WBILDGX74834L100QUEST DIAGNOSTICS INC12,545154.7700001941589.654.46%43572722.771427182280.00
09/20/2021WBILA00846U101AGILENT TECHNOLOGIES INC11,096173.9400001930038.244.43%43572722.771427182280.00
09/20/2021WBILCRH12626K203CRH PLC38,45949.7600001913719.844.39%43572722.771427182280.00
09/20/2021WBILGD369550108GENERAL DYNAMICS CORP9,781195.1200001908468.724.38%43572722.771427182280.00
09/20/2021WBILALL020002101ALLSTATE CORP14,181131.0300001858136.434.26%43572722.771427182280.00
09/20/2021WBILCINF172062101CINCINNATI FINL CORP15,810116.4500001841074.504.23%43572722.771427182280.00
09/20/2021WBILSWKS83088M102SKYWORKS SOLUTIONS INC10,468175.2600001834621.684.21%43572722.771427182280.00
09/20/2021WBILTXN882508104TEXAS INSTRS INC9,151196.2500001795883.754.12%43572722.771427182280.00
09/20/2021WBILHD437076102HOME DEPOT INC5,340335.6700001792477.804.11%43572722.771427182280.00
09/20/2021WBILABBV00287Y109ABBVIE INC16,024107.7300001726265.523.96%43572722.771427182280.00
09/20/2021WBILORI680223104OLD REP INTL CORP72,24322.9900001660866.573.81%43572722.771427182280.00
09/20/2021WBILCSCO17275R102CISCO SYS INC27,40056.8500001557690.003.57%43572722.771427182280.00
09/20/2021WBILBLK09247X101BLACKROCK INC1,555876.6300001363159.653.13%43572722.771427182280.00
09/20/2021WBILIRM46284V101IRON MTN INC NEW27,07844.9000001215802.202.79%43572722.771427182280.00
09/20/2021WBILSHOP82509L107SHOPIFY INC8191486.2900001217271.512.79%43572722.771427182280.00
09/20/2021WBILKLAC482480100KLA CORP3,200369.8100001183392.002.72%43572722.771427182280.00
09/20/2021WBILNFLX64110L106NETFLIX INC1,884589.3500001110335.402.55%43572722.771427182280.00
09/20/2021WBILAMZN023135106AMAZON COM INC3163462.5200001094156.322.51%43572722.771427182280.00
09/20/2021WBILNVDA67066G104NVIDIA CORPORATION4,894219.0000001071786.002.46%43572722.771427182280.00
09/20/2021WBILTMO883556102THERMO FISHER SCIENTIFIC INC COM1,650596.800000984720.002.26%43572722.771427182280.00
09/20/2021WBILNTAP64110D104NETAPP INC10,78590.010000970757.852.23%43572722.771427182280.00
09/20/2021WBILAMAT038222105APPLIED MATLS INC6,409140.800000902387.202.07%43572722.771427182280.00
09/20/2021WBILABT002824100ABBOTT LABS6,921126.790000877513.592.01%43572722.771427182280.00
09/20/2021WBILCash&OtherCash&OtherCash & Other490,6331.000000490632.941.13%43572722.77142718228Y
09/20/2021WBILAFL001055102AFLAC INC7,21553.990000389537.850.89%43572722.771427182280.00
09/20/2021WBILTSCO892356106TRACTOR SUPPLY CO1,849207.160000383038.840.88%43572722.771427182280.00
Fund Goals

  • Manage risk to capital
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in large-cap domestic and foreign securities with attractive value characteristics and prospects for financial stability

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,427,1820.23%
43.570.23%
$30.540.23%
2920.23%
0.01%0.23%
1.05%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
2.08%
3.65%
19.38%
14.11%
4.75%
4.05%
Market
2.15%
3.59%
19.74%
14.05%
4.75%
4.05%
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.46
6.43
15.18
18.15
6.12
3.61
Market
-0.45
6.34
15.59
18.22
6.10
3.62

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.

WBIL Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
ACCENTURE PLC IRELAND
ALPHABET INC
L3HARRIS TECHNOLOGIES INC
MARSH & MCLENNAN COS INC
QUEST DIAGNOSTICS INC
AGILENT TECHNOLOGIES INC
CRH PLC
GENERAL DYNAMICS CORP
ALLSTATE CORP
CINCINNATI FINL CORP
5.70%
4.76%
4.60%
4.58%
4.46%
4.43%
4.39%
4.38%
4.26%
4.23%
7,403
736
9,019
12,796
12,545
11,096
38,459
9,781
14,181
15,810
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
$25.040.20%
- $0.050.20%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/20/2021WBIIANGL92189F437VANECK ETF TRUST FALLEN ANGEL HG687,75233.36000022943406.7242.61%53843310.002150000430.00
09/20/2021WBIIUSHY46435U853ISHARES TR BROAD USD HIGH263,54741.74000011000451.7820.43%53843310.002150000430.00
09/20/2021WBIIPFF464288687ISHARES TR PFD AND INCM SEC203,75339.3100008009530.4314.88%53843310.002150000430.00
09/20/2021WBIISJNK78468R408SPDR SER TR BLOOMBERG SRT TR109,39527.4400003001798.805.58%53843310.002150000430.00
09/20/2021WBIISHYG46434V407ISHARES TR 0-5YR HI YL CP62,28745.8200002853990.345.30%53843310.002150000430.00
09/20/2021WBIISTPZ72201R205PIMCO ETF TR 1-5 US TIP IDX48,47354.9400002663106.624.95%53843310.002150000430.00
09/20/2021WBIITIP464287176ISHARES BARCLAYS TIPS BOND FUND20,629128.7000002654952.304.93%53843310.002150000430.00
09/20/2021WBIICash&OtherCash&OtherCash & Other714,4561.000000714455.791.33%53843310.00215000043Y
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: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,150,0000.20%
53.840.20%
$25.040.20%
2,0340.20%
-0.03%0.20%
1.17%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.49%
0.72%
2.33%
4.93%
4.97%
2.65%
Market
0.50%
0.79%
2.48%
4.87%
4.97%
2.63%
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
1.23
2.00
1.60
9.48
5.25
2.61
Market
1.15
1.81
1.68
9.35
5.22
2.58

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.

WBII Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
VANECK ETF TRUST FALLEN ANGEL HG
ISHARES TR BROAD USD HIGH
ISHARES TR PFD AND INCM SEC
SPDR SER TR BLOOMBERG SRT TR
ISHARES TR 0-5YR HI YL CP
PIMCO ETF TR 1-5 US TIP IDX
ISHARES BARCLAYS TIPS BOND FUND
Cash & Other
42.61%
20.43%
14.88%
5.58%
5.30%
4.95%
4.93%
1.33%
687,752
263,547
203,753
109,395
62,287
48,473
20,629
714,456
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
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: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.21%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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.

WBIH Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

  • Strives to provide global asset rotation, high risk-adjusted returns, and protect capital during unfavorable periods
  • May invest in any global asset class, geographic region, country, index, sector, industry, currency, or cash equivalents

Prices
As of: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.59%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
Market
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
Market

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.

WBIR Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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: 09/17/2021
NAV Daily Change Fact Sheet Holdings
$27.150.29%
- $0.160.29%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
09/20/2021WBIYMO02209S103ALTRIA GROUP INC79,82748.6100003880390.476.08%63804380.002350000470.00
09/20/2021WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM27,938135.2300003778055.745.92%63804380.002350000470.00
09/20/2021WBIYVZ92343V104VERIZON COMMUNICATIONS INC67,03854.2800003638822.645.70%63804380.002350000470.00
09/20/2021WBIYKMI49456B101KINDER MORGAN INC DEL219,68315.9600003506140.685.50%63804380.002350000470.00
09/20/2021WBIYGILD375558103GILEAD SCIENCES INC44,03371.6100003153203.134.94%63804380.002350000470.00
09/20/2021WBIYWBA931427108WALGREENS BOOTS ALLIANCE INC COM63,10949.6200003131468.584.91%63804380.002350000470.00
09/20/2021WBIYIPG460690100INTERPUBLIC GROUP COS INC83,41136.9900003085372.894.84%63804380.002350000470.00
09/20/2021WBIYSO842587107SOUTHERN CO45,60964.1400002925361.264.58%63804380.002350000470.00
09/20/2021WBIYIP460146103INTERNATIONAL PAPER CO51,68556.6000002925371.004.58%63804380.002350000470.00
09/20/2021WBIYDOW260557103DOW INC49,99757.7500002887326.754.53%63804380.002350000470.00
09/20/2021WBIYKHC500754106KRAFT HEINZ CO78,50236.5500002869248.104.50%63804380.002350000470.00
09/20/2021WBIYOMC681919106OMNICOM GROUP INC39,41672.3900002853324.244.47%63804380.0023500004727591.20
09/20/2021WBIYHBAN446150104HUNTINGTON BANCSHARES INC174,50814.9500002608894.604.09%63804380.002350000470.00
09/20/2021WBIYETRN294600101EQUITRANS MIDSTREAM CORP124,0139.6000001190524.801.87%63804380.002350000470.00
09/20/2021WBIYXRX98421M106XEROX HOLDINGS CORP55,28420.9800001159858.321.82%63804380.002350000470.00
09/20/2021WBIYWU959802109WESTERN UN CO55,54420.8000001155315.201.81%63804380.002350000470.00
09/20/2021WBIYNYCB649445103NEW YORK CMNTY BANCORP INC87,66512.7200001115098.801.75%63804380.002350000470.00
09/20/2021WBIYHRB093671105BLOCK H & R INC44,55725.0500001116152.851.75%63804380.002350000470.00
09/20/2021WBIYCash&OtherCash&OtherCash & Other999,1491.000000999149.131.57%63804380.00235000047Y
09/20/2021WBIYORI680223104OLD REP INTL CORP42,00622.990000965717.941.51%63804380.002350000470.00
09/20/2021WBIYPBCT712704105PEOPLES UNITED FINANCIAL INC COM54,91216.020000879690.241.38%63804380.002350000470.00
09/20/2021WBIYBGS05508R106B & G FOODS INC NEW28,11430.000000843420.001.32%63804380.002350000470.00
09/20/2021WBIYOMF68268W103ONEMAIN HLDGS INC13,92555.530000773255.251.21%63804380.002350000470.00
09/20/2021WBIYPFG74251V102PRINCIPAL FINANCIAL GROUP INC COM11,50165.160000749405.161.17%63804380.002350000470.00
09/20/2021WBIYGLT377320106GLATFELTER CORPORATION46,96314.510000681433.131.07%63804380.002350000470.00
09/20/2021WBIYKEY493267108KEYCORP32,92320.760000683481.481.07%63804380.002350000470.00
09/20/2021WBIYFHN320517105FIRST HORIZON CORPORATION39,13815.220000595680.360.93%63804380.002350000470.00
09/20/2021WBIYRGP76122Q105RESOURCES CONNECTION INC39,59714.690000581679.930.91%63804380.002350000470.00
09/20/2021WBIYFRG35180X105FRANCHISE GROUP INC15,74736.230000570513.810.89%63804380.002350000470.00
09/20/2021WBIYVIRT928254101VIRTU FINL INC22,25224.250000539611.000.85%63804380.002350000470.00
09/20/2021WBIYETD297602104ETHAN ALLEN INTERIORS INC20,92924.350000509621.150.80%63804380.002350000470.00
09/20/2021WBIYASB045487105ASSOCIATED BANC CORP24,95320.280000506046.840.79%63804380.002350000470.00
09/20/2021WBIYSXC86722A103SUNCOKE ENERGY INC79,1946.330000501298.020.79%63804380.002350000470.00
09/20/2021WBIYSWM808541106SCHWEITZER-MAUDUIT INTL INC14,12334.820000491762.860.77%63804380.002350000470.00
09/20/2021WBIYVGR92240M108VECTOR GROUP LTD39,80012.370000492326.000.77%63804380.002350000470.00
09/20/2021WBIYUVV913456109UNIVERSAL CORP VA10,02047.920000480158.400.75%63804380.002350000470.00
09/20/2021WBIYSGU85512C105STAR GROUP L P47,5869.950000473480.700.74%63804380.002350000470.00
09/20/2021WBIYNAVI63938C108NAVIENT CORPORATION19,96523.490000468977.850.74%63804380.002350000470.00
09/20/2021WBIYAPAM04316A108ARTISAN PARTNERS ASSET MGMT IN CL A7,77051.550000400543.500.63%63804380.002350000470.00
09/20/2021WBIYISBC46146L101INVESTORS BANCORP INC NEW25,22414.070000354901.680.56%63804380.002350000470.00
09/20/2021WBIYMC60786M105MOELIS & CO5,48561.900000339521.500.53%63804380.002350000470.00
09/20/2021WBIYSAFT78648T100SAFETY INS GROUP INC4,09780.490000329767.530.52%63804380.002350000470.00
09/20/2021WBIYATLO031001100AMES NATL CORP13,69723.400000320509.800.50%63804380.002350000470.00
09/20/2021WBIYAGM313148306FEDERAL AGRIC MTG CORP3,032100.280000304048.960.48%63804380.002350000470.00
09/20/2021WBIYACNB000868109ACNB CORP10,48527.860000292112.100.46%63804380.002350000470.00
09/20/2021WBIYFNB302520101F N B CORP27,02010.960000296139.200.46%63804380.002350000470.00
09/20/2021WBIYFFBC320209109FIRST FINL BANCORP OH12,84222.620000290486.040.46%63804380.002350000470.00
09/20/2021WBIYFNLC31866P102FIRST BANCORP INC ME10,22628.140000287759.640.45%63804380.002350000470.00
09/20/2021WBIYUVE91359V107UNIVERSAL INS HLDGS INC21,41412.990000278167.860.44%63804380.002350000470.00
09/20/2021WBIYFULT360271100FULTON FINL CORP PA18,42914.780000272380.620.43%63804380.002350000470.00
09/20/2021WBIYMCY589400100MERCURY GENL CORP NEW4,73457.080000270216.720.42%63804380.002350000470.00
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: 09/17/2021
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,350,0000.29%
63.800.29%
$27.170.29%
2860.29%
0.07%0.29%
0.70%
Performance Month End
As of: 08/31/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
2.28%
1.53%
24.79%
49.37%
6.24%
7.68%
Market
2.33%
1.41%
24.82%
49.37%
6.24%
7.69%
Performance Quarter End
As of: 06/30/2021
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-1.35
3.43
22.91
53.09
6.16
7.62
Market
-1.14
3.57
23.09
53.40
6.23
7.66

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.

WBIY Top Holdings
As of: 09/20/2021
Security Name Weightings Shares
ALTRIA GROUP INC
INTERNATIONAL BUSINESS MACHS COM
VERIZON COMMUNICATIONS INC
KINDER MORGAN INC DEL
GILEAD SCIENCES INC
WALGREENS BOOTS ALLIANCE INC COM
INTERPUBLIC GROUP COS INC
SOUTHERN CO
INTERNATIONAL PAPER CO
DOW INC
6.08%
5.92%
5.70%
5.50%
4.94%
4.91%
4.84%
4.58%
4.58%
4.53%
79,827
27,938
67,038
219,683
44,033
63,109
83,411
45,609
51,685
49,997
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 daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). 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).

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.

 

An investment in the Funds is subject to risk, including the possible loss of principal. The Funds may invest in foreign and emerging market securities which carry additional risks than investing in the United States such as currency fluctuation, economic or financial instability, and lack of timely or reliable financial information or unfavorable political or legal developments. The Funds are subject to model risk, the investment process includes the use of proprietary models and analysis which rely on third party data and if inaccurate could adversely affect the Fund performance. The Funds may invest in REITs and will be subject to the risks associated with the direct ownership of real estate and annual compliance with tax files applicable to REITs. Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risk related to general or local economic conditions.

 

The Funds may invest in Exchange Traded Funds (ETFs), mutual funds and Exchange Traded Notes (ETNs) which will subject the Funds to additional expenses of each ETF, mutual fund or ETN and risk of owning the underlying securities held by each. Options on securities may be subject to greater fluctuations in value than an investment in the underlying securities. Master Limited Partnership risk entails risks such as fluctuations in energy prices, decrease in supply of or demand for energy commodities.

 

In addition, the Funds are subject to market risk, management risk, dividend risk, growth risk, value risk, debt security risk, high-yield security risk, small and medium company risk, portfolio turnover risk, securities business risk, mortgage-backed securities risk, and trading price risk. New ETFs may also be subject to “new fund” risk in that it has no operating history and that its strategy may not be viable over time.

 

In addition, there are risks specific to WBIY. The Fund invests in high yielding stocks, which are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund’s performance. The Fund 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.