Prepare and Protect:

Let us help you navigate the cycles

ACTIVE RISK-MANAGED ETFS

 

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

POWER FACTOR® ETFS

 

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

FEATURED PRODUCTS

WBIF

WBI Bull|Bear
Value 3000 ETF

WBIY

WBI Power Factor® High Dividend ETF

WBIG

WBI Bull|Bear
Yield 3000 ETF

WBIL

WBI Bull|Bear
Quality 3000 ETF

ALL FUNDS

Fund Information
As of: 10/03/2023
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$24.65
- $0.36
0.30%
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: 10/03/2023
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
2,200,000
54.22
$24.64
4,387
-0.04%
0.70% / 0.94%
Performance Month End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-4.64%
-0.66%
-0.41%
15.35%
16.48%
5.55%
Market
-4.71%
-0.86%
-0.59%
15.09%
16.43%
5.54%
Performance Quarter End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-4.64
-0.66
-0.41
15.35
16.48
5.55
Market
-4.71
-0.86
-0.59
15.09
16.43
5.54

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

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 0.70% of the average daily net assets for the Fund until at least October 31, 2023.

Fund Characteristics
As of: 9/30/2023
30-Day SEC Yield 30-Day Unsubsidized SEC Yield
5.48%
5.02%

WBIY Top Holdings
As of: 10/04/2023
Security Name Weightings Shares
ASSOCIATED BANC CORP
FIRST MERCHANTS CORP
ALTRIA GROUP INC
INTERNATIONAL PAPER CO
LYONDELLBASELL INDUSTRIES N V SHS - A -
DOW INC
VERIZON COMMUNICATIONS INC
ONEOK INC NEW
BEST BUY INC
3M CO
8.22%
6.87%
6.87%
5.08%
4.91%
4.88%
4.88%
4.85%
4.32%
4.26%
270,650
136,509
90,580
78,354
28,387
51,836
82,756
42,453
34,615
26,029
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
10/04/2023WBIYASB045487105ASSOCIATED BANC CORP270,65016.4600004454899.008.22%54220100.00220000044.0000000000000.00
10/04/2023WBIYFRME320817109FIRST MERCHANTS CORP136,50927.2700003722600.436.87%54220100.00220000044.0000000000000.00
10/04/2023WBIYMO02209S103ALTRIA GROUP INC90,58041.1300003725555.406.87%54220100.00220000044.0000000000000.00
10/04/2023WBIYIP460146103INTERNATIONAL PAPER CO78,35435.1500002754143.105.08%54220100.00220000044.0000000000000.00
10/04/2023WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -28,38793.7900002662416.734.91%54220100.00220000044.0000000000000.00
10/04/2023WBIYDOW260557103DOW INC51,83651.0200002644672.724.88%54220100.00220000044.0000000000000.00
10/04/2023WBIYVZ92343V104VERIZON COMMUNICATIONS INC82,75631.9800002646536.884.88%54220100.00220000044.0000000000000.00
10/04/2023WBIYOKE682680103ONEOK INC NEW42,45361.9800002631236.944.85%54220100.00220000044.0000000000000.00
10/04/2023WBIYBBY086516101BEST BUY INC34,61567.6100002340320.154.32%54220100.00220000044.0000000000000.00
10/04/2023WBIYMMM88579Y1013M CO26,02988.7900002311114.914.26%54220100.00220000044.0000000000000.00
10/04/2023WBIYVTRS92556V106VIATRIS INC204,0689.6500001969256.203.63%54220100.00220000044.0000000000000.00
10/04/2023WBIYKHC500754106KRAFT HEINZ CO53,28633.1100001764299.463.25%54220100.00220000044.0000000000000.00
10/04/2023WBIYKEY493267108KEYCORP170,80410.0700001719996.283.17%54220100.00220000044.0000000000000.00
10/04/2023WBIYHNI404251100HNI CORP31,79934.1700001086571.832.00%54220100.00220000044.0000000000000.00
10/04/2023WBIYCash&OtherCash&OtherCash & Other1,012,7921.0000001012792.241.87%54220100.00220000044.000000000000Y
10/04/2023WBIYPAGP72651A207PLAINS GP HLDGS L P59,22115.300000906081.301.67%54220100.00220000044.0000000000000.00
10/04/2023WBIYCVI12662P108CVR ENERGY INC27,02332.340000873923.821.61%54220100.00220000044.0000000000000.00
10/04/2023WBIYOGN68622V106ORGANON & CO50,54316.290000823345.471.52%54220100.00220000044.0000000000000.00
10/04/2023WBIYHESM428103105HESS MIDSTREAM LP28,75628.110000808331.161.49%54220100.00220000044.0000000000000.00
10/04/2023WBIYLEG524660107LEGGETT & PLATT INC30,23024.550000742146.501.37%54220100.00220000044.0000000000000.00
10/04/2023WBIYSFNC828730200SIMMONS 1ST NATL CORP40,28816.340000658305.921.21%54220100.00220000044.0000000000000.00
10/04/2023WBIYWU959802109WESTERN UN CO50,62812.960000656138.881.21%54220100.00220000044.0000000000000.00
10/04/2023WBIYSBGI829242106SINCLAIR INC64,8109.940000644211.401.19%54220100.00220000044.0000000000000.00
10/04/2023WBIYCWEN18539C204CLEARWAY ENERGY INC32,54619.260000626835.961.16%54220100.00220000044.0000000000000.00
10/04/2023WBIYPRU744320102PRUDENTIAL FINL INC5,40291.340000493418.680.91%54220100.00220000044.0000000000000.00
10/04/2023WBIYNYCB649445103NEW YORK CMNTY BANCORP INC45,64510.750000490683.750.90%54220100.00220000044.0000000000000.00
10/04/2023WBIYTFC89832Q109TRUIST FINANCIAL CORP17,87127.190000485912.490.90%54220100.00220000044.0000000000000.00
10/04/2023WBIYCFG174610105CITIZENS FINL GROUP INC18,35125.450000467032.950.86%54220100.00220000044.0000000000000.00
10/04/2023WBIYZION989701107ZIONS BANCORPORATION N A13,73432.920000452123.280.83%54220100.00220000044.0000000000000.00
10/04/2023WBIYCMA200340107COMERICA INC11,13139.610000440898.910.81%54220100.00220000044.0000000000000.00
10/04/2023WBIYHBAN446150104HUNTINGTON BANCSHARES INC43,7809.850000431233.000.80%54220100.00220000044.0000000000000.00
10/04/2023WBIYFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM11,05538.900000430039.500.79%54220100.00220000044.0000000000000.00
10/04/2023WBIYPNC693475105PNC FINL SVCS GROUP INC3,475119.780000416235.500.77%54220100.00220000044.0000000000000.00
10/04/2023WBIYUSB902973304US BANCORP DEL13,02431.340000408172.160.75%54220100.00220000044.0000000000000.00
10/04/2023WBIYVLY919794107VALLEY NATL BANCORP49,4737.900000390836.700.72%54220100.00220000044.0000000000000.00
10/04/2023WBIYFITB316773100FIFTH THIRD BANCORP15,70723.940000376025.580.69%54220100.00220000044.0000000000000.00
10/04/2023WBIYC172967424CITIGROUP INC8,93739.860000356228.820.66%54220100.00220000044.0000000000000.00
10/04/2023WBIYALLY02005N100ALLY FINL INC14,21424.840000353075.760.65%54220100.00220000044.0000000000000.00
10/04/2023WBIYSNV87161C501SYNOVUS FINL CORP13,20826.260000346842.080.64%54220100.00220000044.0000000000000.00
10/04/2023WBIYFIBK32055Y201FIRST INTST BANCSYSTEM INC13,75923.910000328977.690.61%54220100.00220000044.0000000000000.00
10/04/2023WBIYHOPE43940T109HOPE BANCORP INC37,8438.570000324314.510.60%54220100.00220000044.0000000000000.00
10/04/2023WBIYPPBI69478X105PACIFIC PREMIER BANCORP15,32820.990000321734.720.59%54220100.00220000044.0000000000000.00
10/04/2023WBIYFULT360271100FULTON FINL CORP PA26,92811.710000315326.880.58%54220100.00220000044.0000000000000.00
10/04/2023WBIYNWBI667340103NORTHWEST BANCSHARES INC MD30,98310.080000312308.640.58%54220100.00220000044.0000000000000.00
10/04/2023WBIYBKU06652K103BANKUNITED INC14,56921.240000309445.560.57%54220100.00220000044.0000000000000.00
10/04/2023WBIYWSBC950810101WESBANCO INC12,91024.000000309840.000.57%54220100.00220000044.0000000000000.00
10/04/2023WBIYSASR800363103SANDY SPRING BANCORP INC14,93220.340000303716.880.56%54220100.00220000044.0000000000000.00
10/04/2023WBIYUPBD76009N100UPBOUND GROUP INC10,71828.190000302140.420.56%54220100.00220000044.0000000000000.00
10/04/2023WBIYPFS74386T105PROVIDENT FINL SVCS INC19,54114.940000291942.540.54%54220100.00220000044.0000000000000.00
10/04/2023WBIYEGBN268948106EAGLE BANCORP INC MD14,21020.240000287610.400.53%54220100.00220000044.0000000000000.00
10/04/2023WBIYOMF68268W103ONEMAIN HLDGS INC7,65637.530000287329.680.53%54220100.00220000044.0000000000000.00
Premium/Discount
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Fund Information
As of: 10/03/2023
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$26.23
- $0.29
0.30%
Fund Goals

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

Prices
As of: 10/03/2023
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
1,488,315
39.03
$26.22
6,778
-0.03%
1.39% / 1.52%
Performance Month End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-4.34%
-7.37%
-3.60%
-4.26%
2.20%
-1.56
1.72%
Market
-4.39%
-7.44%
-3.54%
-4.20%
2.15%
-1.56
1.71%
Performance Quarter End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-4.34
-7.37
-3.60
-4.26
2.20
-1.56
1.72
Market
-4.39
-7.44
-3.54
-4.20
2.15
-1.56
1.71

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

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 1.25% of the average daily net assets for the Fund until at least October 31, 2023.

Fund Characteristics
As of: 9/30/2023
30-Day SEC Yield
0.64%
WBIF Top Holdings
As of: 10/04/2023
Security Name Weightings Shares
Cash & Other
PACCAR INC
TJX COS INC NEW
MCKESSON CORP
ROSS STORES INC
LPL FINL HLDGS INC
EBAY INC.
CISCO SYS INC
MOTOROLA SOLUTIONS INC
CARRIER GLOBAL CORPORATION
14.89%
4.77%
4.57%
4.50%
4.41%
4.25%
4.17%
4.12%
4.12%
4.06%
5,810,770
22,149
20,311
4,007
15,374
7,183
38,303
29,946
5,921
29,641
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
10/04/2023WBIFCash&OtherCash&OtherCash & Other5,810,7701.0000005810769.6714.89%39033442.18148831529.770000000000Y
10/04/2023WBIFPCAR693718108PACCAR INC22,14984.0400001861401.964.77%39033442.18148831529.7700000000000.00
10/04/2023WBIFTJX872540109TJX COS INC NEW20,31187.8500001784321.354.57%39033442.18148831529.7700000000000.00
10/04/2023WBIFMCK58155Q103MCKESSON CORP4,007438.4900001757029.434.50%39033442.18148831529.7700000000000.00
10/04/2023WBIFROST778296103ROSS STORES INC15,374111.9100001720504.344.41%39033442.18148831529.7700000000000.00
10/04/2023WBIFLPLA50212V100LPL FINL HLDGS INC7,183230.7000001657118.104.25%39033442.18148831529.7700000000000.00
10/04/2023WBIFEBAY278642103EBAY INC.38,30342.5100001628260.534.17%39033442.18148831529.7700000000000.00
10/04/2023WBIFCSCO17275R102CISCO SYS INC29,94653.6500001606602.904.12%39033442.18148831529.7700000000000.00
10/04/2023WBIFMSI620076307MOTOROLA SOLUTIONS INC5,921271.4900001607492.294.12%39033442.18148831529.7700000000000.00
10/04/2023WBIFCARR14448C104CARRIER GLOBAL CORPORATION29,64153.5200001586386.324.06%39033442.18148831529.7700000000000.00
10/04/2023WBIFCAH14149Y108CARDINAL HEALTH INC17,86186.8300001550870.633.97%39033442.18148831529.7700000000000.00
10/04/2023WBIFLII526107107LENNOX INTL INC4,266363.3800001550179.083.97%39033442.18148831529.7700000000000.00
10/04/2023WBIFHAL406216101HALLIBURTON CO38,34940.0600001536260.943.94%39033442.18148831529.7700000000000.00
10/04/2023WBIFHAS418056107HASBRO INC24,28162.9900001529460.193.92%39033442.18148831529.7700000000000.00
10/04/2023WBIFMPC56585A102MARATHON PETE CORP10,377147.2700001528220.793.92%39033442.18148831529.7700000000000.00
10/04/2023WBIFLEN526057104LENNAR CORP13,907108.2300001505154.613.86%39033442.18148831529.7700000000000.00
10/04/2023WBIFFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM36,30538.9000001412264.503.62%39033442.18148831529.7700000000000.00
10/04/2023WBIFGWW384802104GRAINGER W W INC1,970687.0300001353449.103.47%39033442.18148831529.7700000000000.00
10/04/2023WBIFAVGO11135F101BROADCOM INC1,436814.8300001170095.883.00%39033442.18148831529.7700000000000.00
10/04/2023WBIFCTRA127097103COTERRA ENERGY INC43,98126.3400001158459.542.97%39033442.18148831529.7700000000000.00
10/04/2023WBIFPXD723787107PIONEER NAT RES CO5,152223.6400001152193.282.95%39033442.18148831529.7700000000000.00
10/04/2023WBIFAMD007903107ADVANCED MICRO DEVICES INC11,447100.0800001145615.762.93%39033442.18148831529.7700000000000.00
10/04/2023WBIFALSN01973R101ALLISON TRANSMISSION HLDGS INC COM13,35757.980000774438.861.98%39033442.18148831529.7700000000000.00
10/04/2023WBIFITW452308109ILLINOIS TOOL WKS INC2,817230.410000649064.971.66%39033442.18148831529.7700000000000.00
Premium/Discount
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Fund Information
As of: 10/03/2023
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$21.59
- $0.27
0.23%
Fund Goals

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

Prices
As of: 10/03/2023
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
2,330,183
50.31
$21.60
10,345
0.02%
1.33% / 1.51%
Performance Month End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-3.36%
-4.70%
-7.53%
-8.94%
0.90%
-2.06
0.11%
Market
-3.44%
-4.70%
-7.52%
-9.13%
0.86%
-2.05
0.11%
Performance Quarter End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-3.36
-4.70
-7.53
-8.94
0.90
-2.06
0.11
Market
-3.44
-4.70
-7.52
-9.13
0.86
-2.05
0.11

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

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 1.25% of the average daily net assets for the Fund until at least October 31, 2023.

Fund Characteristics
As of: 9/30/2023
30-Day SEC Yield
2.03%
WBIG Top Holdings
As of: 10/04/2023
Security Name Weightings Shares
Cash & Other
BLOCK H & R INC
PIONEER NAT RES CO
COTERRA ENERGY INC
PRUDENTIAL FINL INC
APOLLO GLOBAL MGMT INC
WILLIAMS COS INC
CSX CORP
HALLIBURTON CO
AUTOLIV INC
5.35%
4.97%
4.77%
4.68%
4.48%
4.46%
4.46%
4.31%
4.30%
4.22%
2,691,552
60,374
10,737
89,319
24,676
25,936
68,060
70,434
53,997
22,872
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
10/04/2023WBIGCash&OtherCash&OtherCash & Other2,691,5521.0000002691552.165.35%50310981.15233018346.600000000000Y
10/04/2023WBIGHRB093671105BLOCK H & R INC60,37441.4000002499483.604.97%50310981.15233018346.6000000000000.00
10/04/2023WBIGPXD723787107PIONEER NAT RES CO10,737223.6400002401222.684.77%50310981.15233018346.6000000000000.00
10/04/2023WBIGCTRA127097103COTERRA ENERGY INC89,31926.3400002352662.464.68%50310981.15233018346.6000000000000.00
10/04/2023WBIGPRU744320102PRUDENTIAL FINL INC24,67691.3400002253905.844.48%50310981.15233018346.6000000000000.00
10/04/2023WBIGAPO03769M106APOLLO GLOBAL MGMT INC25,93686.5600002245020.164.46%50310981.15233018346.6000000000000.00
10/04/2023WBIGWMB969457100WILLIAMS COS INC68,06032.9700002243938.204.46%50310981.15233018346.6000000000000.00
10/04/2023WBIGCSX126408103CSX CORP70,43430.7700002167254.184.31%50310981.15233018346.6000000000000.00
10/04/2023WBIGHAL406216101HALLIBURTON CO53,99740.0600002163119.824.30%50310981.15233018346.6000000000000.00
10/04/2023WBIGALV052800109AUTOLIV INC22,87292.7700002121835.444.22%50310981.15233018346.6000000000000.00
10/04/2023WBIGBKR05722G100BAKER HUGHES COMPANY61,39434.5300002119934.824.21%50310981.15233018346.6000000000000.00
10/04/2023WBIGHPE42824C109HEWLETT PACKARD ENTERPRISE CO COM124,62516.9300002109901.254.19%50310981.15233018346.6000000000000.00
10/04/2023WBIGGOOGL02079K305ALPHABET INC15,787132.4300002090672.414.16%50310981.15233018346.6000000000000.00
10/04/2023WBIGEBAY278642103EBAY INC.48,77542.5100002073425.254.12%50310981.15233018346.6000000000000.00
10/04/2023WBIGCAT149123101CATERPILLAR INC7,523268.9700002023461.314.02%50310981.15233018346.6000000000000.00
10/04/2023WBIGCAH14149Y108CARDINAL HEALTH INC23,21586.8300002015758.454.01%50310981.15233018346.6000000000000.00
10/04/2023WBIGFDX31428X106FEDEX CORP7,737260.1900002013090.034.00%50310981.15233018346.6000000000000.00
10/04/2023WBIGMET59156R108METLIFE INC33,19660.2600002000390.963.98%50310981.15233018346.6000000000000.00
10/04/2023WBIGCNA126117100CNA FINL CORP51,85438.3400001988082.363.95%50310981.15233018346.6000000000000.00
10/04/2023WBIGCMCSA20030N101COMCAST CORP NEW45,34543.4500001970240.253.92%50310981.15233018346.6000000000000.00
10/04/2023WBIGAIZ04621X108ASSURANT INC12,327143.2300001765596.213.51%50310981.15233018346.6000000000000.00
10/04/2023WBIGAFL001055102AFLAC INC22,39275.4300001689028.563.36%50310981.15233018346.6000000000000.00
10/04/2023WBIGMSFT594918104MICROSOFT CORP4,899313.3900001535297.613.05%50310981.15233018346.6000000000000.00
10/04/2023WBIGOSK688239201OSHKOSH CORP14,48893.7700001358539.762.70%50310981.15233018346.6000000000000.00
10/04/2023WBIGUNM91529Y106UNUM GROUP7,90148.110000380117.110.76%50310981.15233018346.6000000000000.00
Premium/Discount
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Fund Information
As of: 10/03/2023
NAV Daily Change Median 30 Day Spread Percentage Fact Sheet
$28.40
- $0.31
0.31%
Fund Goals

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

Prices
As of: 10/03/2023
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Net*/Gross Expense Ratio
1,427,182
40.53
$28.38
7,086
-0.06%
1.25% / 1.45%
Performance Month End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-5.88%
-1.51%
3.96%
5.71%
4.10%
1.27
2.32%
Market
-5.97%
-1.60%
3.94%
5.65%
4.03%
1.27
2.31%
Performance Quarter End
As of: 09/30/2023
Name MTD QTD YTD 1 Year 3 Year 5 Year Since Inception 8/25/2014
NAV
-5.88
-1.51
3.96
5.71
4.10
1.27
2.32
Market
-5.97
-1.60
3.94
5.65
4.03
1.27
2.31

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

*The Fund’s investment sub-advisor has agreed to limit the Fund’s Total Annual Fund Operating Expenses to no more than 1.25% of the average daily net assets for the Fund until at least October 31, 2023.

Fund Characteristics
As of: 9/30/2023
30-Day SEC Yield
0.38%
WBIL Top Holdings
As of: 10/04/2023
Security Name Weightings Shares
Cash & Other
SYNOPSYS INC
ALPHABET INC
ADOBE INC
APPLE INC
BOOKING HOLDINGS INC
CATERPILLAR INC
CDW CORP
MARSH & MCLENNAN COS INC
CINTAS CORP
7.27%
5.04%
5.01%
4.83%
4.78%
4.72%
4.26%
4.17%
4.11%
4.07%
2,944,884
4,536
15,342
3,858
11,236
635
6,418
8,381
8,830
3,431
Download Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
10/04/2023WBILCash&OtherCash&OtherCash & Other2,944,8841.0000002944884.387.27%40529685.31142718228.540000000000Y
10/04/2023WBILSNPS871607107SYNOPSYS INC4,536450.7200002044465.925.04%40529685.31142718228.5400000000000.00
10/04/2023WBILGOOGL02079K305ALPHABET INC15,342132.4300002031741.065.01%40529685.31142718228.5400000000000.00
10/04/2023WBILADBE00724F101ADOBE INC3,858507.0300001956121.744.83%40529685.31142718228.5400000000000.00
10/04/2023WBILAAPL037833100APPLE INC11,236172.4000001937086.404.78%40529685.31142718228.5400000000000.00
10/04/2023WBILBKNG09857L108BOOKING HOLDINGS INC6353010.7900001911851.654.72%40529685.31142718228.5400000000000.00
10/04/2023WBILCAT149123101CATERPILLAR INC6,418268.9700001726249.464.26%40529685.31142718228.5400000000000.00
10/04/2023WBILCDW12514G108CDW CORP8,381201.7700001691034.374.17%40529685.31142718228.5400000000000.00
10/04/2023WBILMMC571748102MARSH & MCLENNAN COS INC8,830188.7300001666485.904.11%40529685.31142718228.5400000000000.00
10/04/2023WBILCTAS172908105CINTAS CORP3,431480.8700001649864.974.07%40529685.31142718228.5400000000000.00
10/04/2023WBILV92826C839VISA INC7,147228.8100001635305.074.03%40529685.31142718228.5400000000000.00
10/04/2023WBILACNG1151C101ACCENTURE PLC IRELAND5,309306.2300001625775.074.01%40529685.31142718228.5400000000000.00
10/04/2023WBILITW452308109ILLINOIS TOOL WKS INC7,059230.4100001626464.194.01%40529685.31142718228.5400000000000.00
10/04/2023WBILMETA30303M102META PLATFORMS INC5,346300.9400001608825.243.97%40529685.31142718228.5400000000000.00
10/04/2023WBILCHD171340102CHURCH & DWIGHT CO INC17,62890.9700001603619.163.96%40529685.31142718228.5400000000000.00
10/04/2023WBILMSFT594918104MICROSOFT CORP5,100313.3900001598289.003.94%40529685.31142718228.5400000000000.00
10/04/2023WBILHAL406216101HALLIBURTON CO39,54140.0600001584012.463.91%40529685.31142718228.5400000000000.00
10/04/2023WBILCMCSA20030N101COMCAST CORP NEW36,35343.4500001579537.853.90%40529685.31142718228.5400000000000.00
10/04/2023WBILLULU550021109LULULEMON ATHLETICA INC4,288368.3400001579441.923.90%40529685.31142718228.5400000000000.00
10/04/2023WBILMPC56585A102MARATHON PETE CORP10,700147.2700001575789.003.89%40529685.31142718228.5400000000000.00
10/04/2023WBILFAST311900104FASTENAL CO29,02354.1900001572756.373.88%40529685.31142718228.5400000000000.00
10/04/2023WBILCTRA127097103COTERRA ENERGY INC52,68226.3400001387643.883.42%40529685.31142718228.5400000000000.00
10/04/2023WBILPXD723787107PIONEER NAT RES CO5,375223.6400001202065.002.97%40529685.31142718228.5400000000000.00
10/04/2023WBILEBAY278642103EBAY INC.16,90142.510000718461.511.77%40529685.31142718228.5400000000000.00
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Market Disruptions Resulting from COVID-19.  The outbreak of COVID-19 has negatively affected the worldwide economy, individual countries, individual companies and the market in general. The future impact of COVID-19 is currently unknown, and it may exacerbate other risks that apply to the Fund.

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

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

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

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

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

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