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Products

Fund Information
As of: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$21.27
- $0.01
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIACash&OtherCash&OtherCash & Other33,753,9051.00000033753904.8188.17%38284020.00180000036Y
12/19/2018WBIANXST65336K103NEXSTAR MEDIA GROUP INC19,88084.0800001671510.404.37%38284020.001800000360.00
12/19/2018WBIAEIG292218104EMPLOYERS HOLDINGS INC37,51841.5100001557372.184.07%38284020.001800000360.00
12/19/2018WBIAARGOG0464B107ARGO GROUP INTL HLDGS LTD14,02566.640000934626.002.44%38284020.001800000360.00
12/19/2018WBIAUVV913456109UNIVERSAL CORP VA6,60257.950000382585.901.00%38284020.001800000360.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,800,000
38.28
$21.26
5,689
-0.04%
1.08%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.30%
-9.22%
-11.02%
-12.38%
-0.84%
-2.39%
Market
-0.36%
-9.25%
-11.38%
-12.34%
-0.87%
-2.39%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-3.33
0.45
-1.99
1.32
4.84
-0.16
Market
-3.09
0.67
-2.28
1.49
4.84
-0.14

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: 11/30/2018
30-Day SEC Yield
0.77%
WBIA Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
NEXSTAR MEDIA GROUP INC
EMPLOYERS HOLDINGS INC
ARGO GROUP INTL HLDGS LTD
UNIVERSAL CORP VA
88.17%
4.37%
4.07%
2.44%
1.00%
33,753,905
19,880
37,518
14,025
6,602
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$20.96
- $0.02
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIBCash&OtherCash&OtherCash & Other31,143,8021.00000031143802.0892.87%33534240.00160000032Y
12/19/2018WBIBTRCO896047503TRIBUNE MEDIA CO36,61345.2000001654907.604.93%33534240.001600000320.00
12/19/2018WBIBNHC635906100NATIONAL HEALTHCARE CORP9,69778.310000759372.072.26%33534240.001600000320.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,600,000
33.53
$20.94
3,861
-0.09%
1.06%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-1.73%
-8.30%
-16.78%
-16.83%
-2.38%
-2.62%
Market
-1.82%
-8.31%
-17.10%
-16.80%
-2.40%
-2.62%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-2.98
-2.13
-9.25
-5.13
1.51
-0.65
Market
-2.62
-1.85
-9.43
-5.05
1.51
-0.60

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: 11/30/2018
30-Day SEC Yield
0.83%
WBIB Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
TRIBUNE MEDIA CO
NATIONAL HEALTHCARE CORP
92.87%
4.93%
2.26%
31,143,802
36,613
9,697
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$20.04
$0.00
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBICCash&OtherCash&OtherCash & Other53,114,9831.00000053114983.1891.37%58129050.00290000058Y
12/19/2018WBICNWE668074305NORTHWESTERN CORP45,36262.3100002826506.224.86%58129050.002900000580.00
12/19/2018WBICANAT028591105AMERICAN NATL INS CO12,966121.8800001580296.082.72%58129050.002900000580.00
12/19/2018WBICUVV913456109UNIVERSAL CORP VA10,68657.950000619253.701.07%58129050.002900000580.00
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 small and midcap domestic and foreign securities that present themselves as undervalued opportunities with attractive dividend yields

Prices
As of: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,900,000
58.13
$20.03
10,282
-0.07%
1.06%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.40%
-6.64%
-4.53%
-4.02%
-0.70%
-2.74%
Market
-0.46%
-6.63%
-4.87%
-4.31%
-0.72%
-2.75%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-3.84
-0.41
2.26
6.31
1.63
-1.20
Market
-3.57
-0.14
2.04
6.56
1.60
-1.19

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: 11/30/2018
30-Day SEC Yield
1.51%
WBIC Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
NORTHWESTERN CORP
AMERICAN NATL INS CO
UNIVERSAL CORP VA
91.37%
4.86%
2.72%
1.07%
53,114,983
45,362
12,966
10,686
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$21.06
- $0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIDCash&OtherCash&OtherCash & Other30,465,2751.00000030465275.4690.42%33692160.00160000032Y
12/19/2018WBIDSON835495102SONOCO PRODS CO25,73254.5400001403423.284.17%33692160.001600000320.00
12/19/2018WBIDBRC104674106BRADY CORP32,66041.6000001358656.004.03%33692160.001600000320.00
12/19/2018WBIDNHC635906100NATIONAL HEALTHCARE CORP6,90478.310000540652.241.60%33692160.001600000320.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,600,000
33.69
$21.04
3,460
-0.11%
1.06%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.51%
-7.50%
-7.91%
-8.67%
0.79%
-2.11%
Market
0.43%
-7.55%
-8.34%
-8.74%
0.79%
-2.13%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-3.72
3.14
-0.44
4.39
4.36
-0.32
Market
-3.44
2.88
-0.72
4.45
4.38
-0.29

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

Fund Characteristics
As of: 11/30/2018
30-Day SEC Yield
0.78%
WBID Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
SONOCO PRODS CO
BRADY CORP
NATIONAL HEALTHCARE CORP
90.42%
4.17%
4.03%
1.60%
30,465,275
25,732
32,660
6,904
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$25.16
- $0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIECash&OtherCash&OtherCash & Other34,532,7261.00000034532725.7778.43%44029650.00175000035Y
12/19/2018WBIEAVGO11135F101BROADCOM INC9,206249.6700002298462.025.22%44029650.001750000350.00
12/19/2018WBIESBUX855244109STARBUCKS CORP29,36164.9200001906116.124.33%44029650.001750000350.00
12/19/2018WBIEDTE233331107DTE ENERGY CO16,553113.6300001880917.394.27%44029650.001750000350.00
12/19/2018WBIEHSY427866108HERSHEY CO17,708104.3600001848006.884.20%44029650.001750000350.00
12/19/2018WBIEBK064058100BANK NEW YORK MELLON CORP35,60546.7300001663821.653.78%44029650.001750000350.00
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 improving fundamental growth trends

Prices
As of: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,750,000
44.03
$25.15
5,681
-0.04%
1.05%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.79%
-5.67%
2.52%
4.12%
5.29%
2.03%
Market
0.71%
-5.67%
2.16%
3.94%
5.31%
2.01%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.52
8.25
8.68
16.89
7.90
3.58
Market
0.74
8.43
8.29
17.05
7.83
3.56

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: 11/30/2018
30-Day SEC Yield
0.90%
WBIE Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
BROADCOM INC
STARBUCKS CORP
DTE ENERGY CO
HERSHEY CO
BANK NEW YORK MELLON CORP
78.43%
5.22%
4.33%
4.27%
4.20%
3.78%
34,532,726
9,206
29,361
16,553
17,708
35,605
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$27.45
$0.03
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIFCash&OtherCash&OtherCash & Other34,185,9341.00000034185934.3092.24%37063845.00135000027Y
12/19/2018WBIFDIS254687106DISNEY WALT CO13,659109.4500001494977.554.03%37063845.001350000270.00
12/19/2018WBIFVZ92343V104VERIZON COMMUNICATIONS INC25,45055.6500001416292.503.82%37063845.001350000270.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,400,000
38.44
$27.44
4,085
-0.05%
1.05%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.85%
-5.03%
1.44%
3.99%
9.11%
4.35%
Market
0.88%
-4.98%
1.13%
3.85%
9.10%
4.36%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.55
8.66
6.82
15.15
11.48
5.86
Market
0.80
8.80
6.46
15.28
11.39
5.86

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: 11/30/2018
30-Day SEC Yield
0.94%
WBIF Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
DISNEY WALT CO
VERIZON COMMUNICATIONS INC
92.24%
4.03%
3.82%
34,185,934
13,659
25,450
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$23.63
- $0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIGCash&OtherCash&OtherCash & Other50,645,8381.00000050645837.6773.91%68526420.00290000058Y
12/19/2018WBIGEXC30161N101EXELON CORP75,45645.8000003455884.805.04%68526420.002900000580.00
12/19/2018WBIGCCEPG25839104COCA COLA EUROPEAN PARTNERS P SHS65,13446.8400003050876.564.45%68526420.002900000580.00
12/19/2018WBIGKMB494368103KIMBERLY CLARK CORP26,615113.4400003019205.604.41%68526420.002900000580.00
12/19/2018WBIGCVX166764100CHEVRON CORP NEW27,065109.7400002970113.104.33%68526420.002900000580.00
12/19/2018WBIGAES00130H105AES CORP186,70114.9800002796780.984.08%68526420.002900000580.00
12/19/2018WBIGGPC372460105GENUINE PARTS CO28,69996.2100002761130.794.03%68526420.002900000580.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,900,000
68.53
$23.63
30,447
0.00%
1.04%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-1.47%
-6.15%
-1.83%
1.17%
6.01%
1.19%
Market
-1.60%
-6.21%
-2.04%
1.06%
5.92%
1.16%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-1.34
3.87
4.60
13.91
8.20
2.82
Market
-1.11
4.03
4.52
14.10
8.22
2.82

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: 11/30/2018
30-Day SEC Yield
1.57%
WBIG Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
EXELON CORP
COCA COLA EUROPEAN PARTNERS P SHS
KIMBERLY CLARK CORP
CHEVRON CORP NEW
AES CORP
GENUINE PARTS CO
73.91%
5.04%
4.45%
4.41%
4.33%
4.08%
4.03%
50,645,838
75,456
65,134
26,615
27,065
186,701
28,699
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$24.77
$0.03
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBILCash&OtherCash&OtherCash & Other30,115,4891.00000030115488.7183.83%35923170.00145000029Y
12/19/2018WBILSBUX855244109STARBUCKS CORP27,05864.9200001756605.364.89%35923170.001450000290.00
12/19/2018WBILCHD171340102CHURCH & DWIGHT INC23,00465.5200001507222.084.20%35923170.001450000290.00
12/19/2018WBILWMT931142103WALMART INC15,40591.0800001403087.403.91%35923170.001450000290.00
12/19/2018WBILCTXS177376100CITRIX SYS INC5,524106.530000588471.721.64%35923170.001450000290.00
12/19/2018WBILTRV89417E109TRAVELERS COMPANIES INC4,915119.300000586359.501.63%35923170.001450000290.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,450,000
35.92
$24.77
6,389
-0.02%
1.07%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.63%
-6.77%
-3.33%
-1.71%
5.98%
1.79%
Market
-0.68%
-6.73%
-3.49%
-1.67%
5.96%
1.77%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.58
8.41
3.69
12.06
8.83
3.61
Market
0.82
8.28
3.54
12.27
8.74
3.60

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: 11/30/2018
30-Day SEC Yield
0.68%
WBIL Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
STARBUCKS CORP
CHURCH & DWIGHT INC
WALMART INC
CITRIX SYS INC
TRAVELERS COMPANIES INC
83.83%
4.89%
4.20%
3.91%
1.64%
1.63%
30,115,489
27,058
23,004
15,405
5,524
4,915
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$23.95
$0.10
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIITLT464287432ISHARES TR 20 YR TR BD ETF197,095119.60000023572562.0030.29%77831975.003250000650.00
12/19/2018WBIIVGLT92206C847VANGUARD SCOTTSDALE FDS LONG TERM TREAS309,45373.79000022834536.8729.34%77831975.003250000650.00
12/19/2018WBIIIGIB464288638ISHARES TR INTRM TR CRP ETF158,98352.3200008317990.5610.69%77831975.003250000650.00
12/19/2018WBIIFPE33739E108FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF442,25018.0800007995880.0010.27%77831975.003250000650.00
12/19/2018WBIIBSCM46138J882INVESCO EXCH TRD SLF IDX FD TR BULSHS 2022 CB303,20720.6000006246064.208.03%77831975.003250000650.00
12/19/2018WBIIAGZ464288166ISHARES TR AGENCY BOND ETF41,327111.4300004605067.615.92%77831975.003250000650.00
12/19/2018WBIILMBS33739Q200FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT71,33750.9600003635333.524.67%77831975.003250000650.00
12/19/2018WBIICash&OtherCash&OtherCash & Other622,7411.000000622741.090.80%77831975.00325000065Y
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
3,250,000
77.83
$23.91
12,661
-0.18%
1.28%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-0.75%
-2.07%
-4.76%
-4.39%
0.52%
0.45%
Market
-0.81%
-2.08%
-4.78%
-4.50%
0.45%
0.42%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.22
1.74
-2.75
-2.62
1.01
0.98
Market
0.07
1.70
-2.82
-2.71
0.93
0.94

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: 11/30/2018
30-Day SEC Yield
3.86%
WBII Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
ISHARES TR 20 YR TR BD ETF
VANGUARD SCOTTSDALE FDS LONG TERM TREAS
ISHARES TR INTRM TR CRP ETF
FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF
INVESCO EXCH TRD SLF IDX FD TR BULSHS 2022 CB
ISHARES TR AGENCY BOND ETF
FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT
Cash & Other
30.29%
29.34%
10.69%
10.27%
8.03%
5.92%
4.67%
0.80%
197,095
309,453
158,983
442,250
303,207
41,327
71,337
622,741
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 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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$21.83
$0.07
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIHCash&OtherCash&OtherCash & Other80,567,3201.00000080567320.1939.90%201921950.009250000185Y
12/19/2018WBIHVGLT92206C847VANGUARD SCOTTSDALE FDS LONG TERM TREAS578,05173.79000042654383.2921.12%201921950.0092500001850.00
12/19/2018WBIHTLT464287432ISHARES TR 20 YR TR BD ETF355,898119.60000042565400.8021.08%201921950.0092500001850.00
12/19/2018WBIHAES00130H105AES CORP533,52914.9800007992264.423.96%201921950.0092500001850.00
12/19/2018WBIHCVX166764100CHEVRON CORP NEW71,208109.7400007814365.923.87%201921950.0092500001850.00
12/19/2018WBIHIGIB464288638ISHARES TR INTRM TR CRP ETF113,16152.3200005920583.522.93%201921950.0092500001850.00
12/19/2018WBIHFPE33739E108FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF305,33118.0800005520384.482.73%201921950.0092500001850.00
12/19/2018WBIHBSCM46138J882INVESCO EXCH TRD SLF IDX FD TR BULSHS 2022 CB223,29120.6000004599794.602.28%201921950.0092500001850.00
12/19/2018WBIHAGZ464288166ISHARES TR AGENCY BOND ETF22,856111.4300002546844.081.26%201921950.0092500001850.00
12/19/2018WBIHLMBS33739Q200FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT35,12150.9600001789766.160.89%201921950.0092500001850.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
9,250,000
201.92
$21.81
45,401
-0.11%
1.23%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-3.16%
-5.88%
-8.16%
-7.23%
0.69%
-0.44%
Market
-3.06%
-5.83%
-8.18%
-7.38%
0.66%
-0.44%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
-1.04
0.59
-2.42
-0.36
2.60
1.03
Market
-1.04
0.46
-2.46
-0.36
2.52
1.02

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: 11/30/2018
30-Day SEC Yield
3.27%
WBIH Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
VANGUARD SCOTTSDALE FDS LONG TERM TREAS
ISHARES TR 20 YR TR BD ETF
AES CORP
CHEVRON CORP NEW
ISHARES TR INTRM TR CRP ETF
FIRST TR EXCHANGE-TRADED FD PFD SECS INC ETF
INVESCO EXCH TRD SLF IDX FD TR BULSHS 2022 CB
ISHARES TR AGENCY BOND ETF
FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT
39.90%
21.12%
21.08%
3.96%
3.87%
2.93%
2.73%
2.28%
1.26%
0.89%
80,567,320
578,051
355,898
533,529
71,208
113,161
305,331
223,291
22,856
35,121
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$23.18
- $0.02
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIRCash&OtherCash&OtherCash & Other14,404,7341.00000014404734.4732.71%44034400.00190000038Y
12/19/2018WBIRSHV464288679ISHARES TR SHORT TREAS BD104,892110.21000011560147.3226.25%44034400.001900000380.00
12/19/2018WBIRUSMV46429B697ISHARES TR MIN VOL USA ETF95,28053.0900005058415.2011.49%44034400.001900000380.00
12/19/2018WBIRIGLB464289511ISHARES TR LNG TR CRPRT BD48,18556.4600002720525.106.18%44034400.001900000380.00
12/19/2018WBIRIWP464287481ISHARES TR RUS MD CP GR ETF22,037114.6900002527423.535.74%44034400.001900000380.00
12/19/2018WBIRVGT92204A702VANGUARD WORLD FDS INF TECH ETF12,204170.2800002078097.124.72%44034400.001900000380.00
12/19/2018WBIRIWF464287614ISHARES TR RUS 1000 GRW ETF12,963132.8500001722134.553.91%44034400.001900000380.00
12/19/2018WBIRAGZ464288166ISHARES TR AGENCY BOND ETF14,803111.4300001649498.293.75%44034400.001900000380.00
12/19/2018WBIRLMBS33739Q200FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT31,78550.9600001619763.603.68%44034400.001900000380.00
12/19/2018WBIRIGIB464288638ISHARES TR INTRM TR CRP ETF15,22452.320000796519.681.81%44034400.001900000380.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net/Gross Expense Ratio
1,900,000
44.03
$23.19
7,040
0.04%
1.64% / 1.58%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
-0.94%
-4.55%
-4.88%
-4.09%
 
-0.65%
Market
-0.99%
-4.56%
-5.16%
-4.25%
 
-0.68%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
-0.66
1.94
-0.35
2.73
 
1.44
Market
-0.66
1.77
-0.68
2.65
 
1.39

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: 11/30/2018
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
0.72%
0.78%
WBIR Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
Cash & Other
ISHARES TR SHORT TREAS BD
ISHARES TR MIN VOL USA ETF
ISHARES TR LNG TR CRPRT BD
ISHARES TR RUS MD CP GR ETF
VANGUARD WORLD FDS INF TECH ETF
ISHARES TR RUS 1000 GRW ETF
ISHARES TR AGENCY BOND ETF
FIRST TR EXCHANGE TRADED FD IV FST LOW OPPT EFT
ISHARES TR INTRM TR CRP ETF
32.71%
26.25%
11.49%
6.18%
5.74%
4.72%
3.91%
3.75%
3.68%
1.81%
14,404,734
104,892
95,280
48,185
22,037
12,204
12,963
14,803
31,785
15,224
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: 12/18/2018
NAV Daily Change Fact Sheet Holdings
$23.48
- $0.09
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
12/19/2018WBIYCNP15189T107CENTERPOINT ENERGY INC219,97428.3000006225264.205.00%124464140.0053000001060.00
12/19/2018WBIYNLSNG6518L108NIELSEN HLDGS PLC251,30224.7200006212185.444.99%124464140.0053000001060.00
12/19/2018WBIYNWL651229106NEWELL BRANDS INC285,15721.4100006105211.374.91%124464140.0053000001060.00
12/19/2018WBIYF345370860FORD MTR CO DEL720,9668.4700006106582.024.91%124464140.0053000001060.00
12/19/2018WBIYIBM459200101INTERNATIONAL BUSINESS MACHS COM52,233116.6500006092979.454.90%124464140.0053000001060.00
12/19/2018WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -70,89582.4600005846001.704.70%124464140.0053000001060.00
12/19/2018WBIYIP460146103INTL PAPER CO141,72241.1600005833277.524.69%124464140.0053000001060.00
12/19/2018WBIYSTXG7945M107SEAGATE TECHNOLOGY PLC154,43837.3300005765170.544.63%124464140.0053000001060.00
12/19/2018WBIYGIS370334104GENERAL MLS INC148,99036.7000005467933.004.39%124464140.0053000001060.00
12/19/2018WBIYMO02209S103ALTRIA GROUP INC107,11650.8900005451133.244.38%124464140.0053000001060.00
12/19/2018WBIYCTL156700106CENTURYLINK INC307,99216.3300005029509.364.04%124464140.0053000001060.00
12/19/2018WBIYLVS517834107LAS VEGAS SANDS CORP87,57952.9600004638183.843.73%124464140.0053000001060.00
12/19/2018WBIYT00206R102AT&T INC148,69329.7500004423616.753.55%124464140.0053000001060.00
12/19/2018WBIYIPG460690100INTERPUBLIC GROUP COS INC170,06021.8600003717511.602.99%124464140.0053000001060.00
12/19/2018WBIYM55616P104MACYS INC118,64331.0500003683865.152.96%124464140.0053000001060.00
12/19/2018WBIYVZ92343V104VERIZON COMMUNICATIONS INC64,66855.6500003598774.202.89%124464140.0053000001060.00
12/19/2018WBIYCash&OtherCash&OtherCash & Other2,871,1831.0000002871182.702.31%124464140.005300000106Y
12/19/2018WBIYHRB093671105BLOCK H & R INC110,04326.0200002863318.862.30%124464140.0053000001060.00
12/19/2018WBIYWYND98310W108WYNDHAM DESTINATIONS INC68,16237.4700002554030.142.05%124464140.0053000001060.00
12/19/2018WBIYNYCB649445103NEW YORK CMNTY BANCORP INC229,6639.2400002122086.121.70%124464140.0053000001060.00
12/19/2018WBIYPDCO703395103PATTERSON COMPANIES INC96,85821.4900002081478.421.67%124464140.0053000001060.00
12/19/2018WBIYKMB494368103KIMBERLY CLARK CORP16,835113.4400001909762.401.53%124464140.0053000001060.00
12/19/2018WBIYIVZG491BT108INVESCO LTD99,38916.9700001686631.331.36%124464140.0053000001060.00
12/19/2018WBIYCAH14149Y108CARDINAL HEALTH INC35,16047.0500001654278.001.33%124464140.0053000001060.00
12/19/2018WBIYHOG412822108HARLEY DAVIDSON INC46,58033.8300001575801.401.27%124464140.0053000001060.00
12/19/2018WBIYPBCT712704105PEOPLES UNITED FINANCIAL INC COM97,43614.8900001450822.041.17%124464140.0053000001060.00
12/19/2018WBIYORI680223104OLD REP INTL CORP67,70120.8600001412242.861.13%124464140.0053000001060.00
12/19/2018WBIYFNB302520101FNB CORP PA125,52110.0800001265251.681.02%124464140.0053000001060.00
12/19/2018WBIYMET59156R108METLIFE INC31,76139.6200001258370.821.01%124464140.0053000001060.00
12/19/2018WBIYUMPQ904214103UMPQUA HLDGS CORP75,19716.7400001258797.781.01%124464140.0053000001060.00
12/19/2018WBIYLM524901105LEGG MASON INC46,83225.3700001188127.840.95%124464140.0053000001060.00
12/19/2018WBIYPFG74251V102PRINCIPAL FINL GROUP INC26,00143.6600001135203.660.91%124464140.0053000001060.00
12/19/2018WBIYPRU744320102PRUDENTIAL FINL INC13,70781.8800001122329.160.90%124464140.0053000001060.00
12/19/2018WBIYFII314211103FEDERATED INVS INC PA44,33524.9600001106601.600.89%124464140.0053000001060.00
12/19/2018WBIYKEY493267108KEYCORP NEW74,24014.7800001097267.200.88%124464140.0053000001060.00
12/19/2018WBIYMDP589433101MEREDITH CORP17,36850.650000879689.200.71%124464140.0053000001060.00
12/19/2018WBIYCHS168615102CHICOS FAS INC146,5695.890000863291.410.69%124464140.0053000001060.00
12/19/2018WBIYNAVI63938C108NAVIENT CORPORATION94,5029.110000860913.220.69%124464140.0053000001060.00
12/19/2018WBIYPBI724479100PITNEY BOWES INC119,5016.360000760026.360.61%124464140.0053000001060.00
12/19/2018WBIYMCY589400100MERCURY GENL CORP NEW12,72851.660000657528.480.53%124464140.0053000001060.00
12/19/2018WBIYODP676220106OFFICE DEPOT INC247,3332.610000645539.130.52%124464140.0053000001060.00
12/19/2018WBIYBKE118440106BUCKLE INC30,59919.040000582604.960.47%124464140.0053000001060.00
12/19/2018WBIYBGCP05541T101BGC PARTNERS INC93,1235.490000511245.270.41%124464140.0053000001060.00
12/19/2018WBIYGCI36473H104GANNETT CO INC45,4579.620000437296.340.35%124464140.0053000001060.00
12/19/2018WBIYNMRK65158N102NEWMARK GROUP INC43,1998.640000373239.360.30%124464140.0053000001060.00
12/19/2018WBIYETM293639100ENTERCOM COMMUNICATIONS CORP CL A63,6045.950000378443.800.30%124464140.0053000001060.00
12/19/2018WBIYSWM808541106SCHWEITZER-MAUDUIT INTL INC12,24926.380000323128.620.26%124464140.0053000001060.00
12/19/2018WBIYHAFC410495204HANMI FINL CORP15,52319.330000300059.590.24%124464140.0053000001060.00
12/19/2018WBIYCNSL209034107CONSOLIDATED COMM HLDGS INC26,78510.580000283385.300.23%124464140.0053000001060.00
12/19/2018WBIYQUAD747301109QUAD / GRAPHICS INC20,81313.190000274523.470.22%124464140.0053000001060.00
12/19/2018WBIYENLC29336T100ENLINK MIDSTREAM LLC24,66210.480000258457.760.21%124464140.0053000001060.00
12/19/2018WBIYCATO149205106CATO CORP NEW18,17014.410000261829.700.21%124464140.0053000001060.00
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: 12/18/2018
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net/Gross Expense Ratio
5,300,000
124.46
$23.50
28,538
0.05%
0.70% / 0.85%
Performance Month End
As of: 11/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
1.83%
-3.94%
0.37%
5.26%
 
6.46%
Market
1.77%
-3.90%
0.01%
5.00%
 
6.46%
Performance Quarter End
As of: 09/30/2018
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-0.40
0.88
4.49
15.62
 
9.53
Market
-0.14
0.94
4.12
15.58
 
9.53

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: 11/30/2018
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
4.51%
4.54%

WBIY Top Holdings
As of: 12/19/2018
Security Name Weightings Shares
CENTERPOINT ENERGY INC
NIELSEN HLDGS PLC
NEWELL BRANDS INC
FORD MTR CO DEL
INTERNATIONAL BUSINESS MACHS COM
LYONDELLBASELL INDUSTRIES N V SHS - A -
INTL PAPER CO
SEAGATE TECHNOLOGY PLC
GENERAL MLS INC
ALTRIA GROUP INC
5.00%
4.99%
4.91%
4.91%
4.90%
4.70%
4.69%
4.63%
4.39%
4.38%
219,974
251,302
285,157
720,966
52,233
70,895
141,722
154,438
148,990
107,116
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.