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

WBI Power Factor® High Dividend ETF (WBIY)

Fund Information

As of: 12/08/2023

NAV

Daily Change

Median 30 Day Spread Percentage

Fact Sheet

$27.62

$0.12

0.33%

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: 12/08/2023

Shares Outstanding

Fund Size ($M)

Closing Bid/Ask (Midpoint)

Daily Volume

Premium/Discount

Expense Ratio

2,050,000

56.63

$27.59

10,038

-0.12%

1.00%

Performance Month End	As of: 11/30/2023

Name

MTD

QTD

YTD

1 Year

3 Year

5 Year

Since Inception 12/19/2016

NAV

10.14%

5.48%

5.04%

-0.75%

11.90%

6.14

6.23%

Market

10.14%

5.43%

4.81%

-0.88%

11.86%

6.11

6.21%

Performance Quarter End	As of: 09/30/2023

Name

MTD

QTD

YTD

1 Year

3 Year

5 Year

Since Inception 12/19/2016

NAV

-4.64

-0.66

-0.41

15.35

16.48

4.17

5.55

Market

-4.71

-0.86

-0.59

15.09

16.43

4.16

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.

Fund Characteristics	As of: 10/31/2023

30-Day SEC Yield

5.78%

WBIY Top Holdings	As of: 12/11/2023

Security Name

Weightings

VERIZON COMMUNICATIONS INC
ALTRIA GROUP INC
MACYS INC
KRAFT HEINZ CO
BEST BUY INC
DOW INC
KINDER MORGAN INC DEL
ONEOK INC NEW
INTERNATIONAL PAPER CO
LYONDELLBASELL INDUSTRIES N V SHS - A -

8.11%
6.49%
5.99%
4.60%
4.59%
4.43%
4.40%
4.31%
4.30%
4.23%

120,055
88,978
195,074
71,977
35,610
49,318
140,828
35,759
66,133
25,863

Download Holdings

Date	Account	StockTicker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag	IncomeByPosition
12/11/2023	WBIY	VZ	92343V104	VERIZON COMMUNICATIONS INC	120,055	38.250000	4592103.75	8.11%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	MO	02209S103	ALTRIA GROUP INC	88,978	41.300000	3674791.40	6.49%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	M	55616P104	MACYS INC	195,074	17.390000	3392336.86	5.99%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	KHC	500754106	KRAFT HEINZ CO	71,977	36.230000	2607726.71	4.60%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	BBY	086516101	BEST BUY INC	35,610	73.070000	2602022.70	4.59%	56629200.00	2050000	41.000000000000		32761.20
12/11/2023	WBIY	DOW	260557103	DOW INC	49,318	50.920000	2511272.56	4.43%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	KMI	49456B101	KINDER MORGAN INC DEL	140,828	17.700000	2492655.60	4.40%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	OKE	682680103	ONEOK INC NEW	35,759	68.240000	2440194.16	4.31%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	IP	460146103	INTERNATIONAL PAPER CO	66,133	36.840000	2436339.72	4.30%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	LYB	N53745100	LYONDELLBASELL INDUSTRIES N V SHS - A -	25,863	92.580000	2394396.54	4.23%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	VTRS	92556V106	VIATRIS INC	196,766	9.830000	1934209.78	3.42%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	KEY	493267108	KEYCORP	139,758	13.260000	1853191.08	3.27%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	CWEN	18539C204	CLEARWAY ENERGY INC	59,839	24.880000	1488794.32	2.63%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	LEG	524660107	LEGGETT & PLATT INC	48,792	26.170000	1276886.64	2.25%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	SBGI	829242106	SINCLAIR INC	87,158	13.350000	1163559.30	2.05%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	KNTK	02215L209	KINETIK HOLDINGS INC	32,392	34.700000	1124002.40	1.98%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	Cash&Other	Cash&Other	Cash & Other	1,021,581	1.000000	1021580.83	1.80%	56629200.00	2050000	41.000000000000	Y
12/11/2023	WBIY	ZION	989701107	ZIONS BANCORPORATION N A	25,325	38.930000	985902.25	1.74%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	CBRL	22410J106	CRACKER BARREL OLD CTRY STORE COM	13,061	73.190000	955934.59	1.69%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	HESM	428103105	HESS MIDSTREAM LP	29,694	31.000000	920514.00	1.63%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	PAGP	72651A207	PLAINS GP HLDGS L P	55,186	15.360000	847656.96	1.50%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	CVI	12662P108	CVR ENERGY INC	27,729	30.090000	834365.61	1.47%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	FNF	31620R303	FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM	17,007	46.720000	794567.04	1.40%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	OGN	68622V106	ORGANON & CO	61,967	11.020000	682876.34	1.21%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	TFC	89832Q109	TRUIST FINANCIAL CORP	16,653	34.330000	571697.49	1.01%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	CMA	200340107	COMERICA INC	11,193	49.970000	559314.21	0.99%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	CFG	174610105	CITIZENS FINL GROUP INC	17,100	29.610000	506331.00	0.89%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	USB	902973304	US BANCORP DEL	12,136	40.430000	490658.48	0.87%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	FITB	316773100	FIFTH THIRD BANCORP	15,563	31.250000	486343.75	0.86%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	HBAN	446150104	HUNTINGTON BANCSHARES INC	40,795	11.990000	489132.05	0.86%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	IVZ	G491BT108	INVESCO LTD	31,894	15.210000	485107.74	0.86%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	PNC	693475105	PNC FINL SVCS GROUP INC	3,239	140.670000	455630.13	0.80%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	EGBN	268948106	EAGLE BANCORP INC MD	17,002	26.330000	447662.66	0.79%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	SNV	87161C501	SYNOVUS FINL CORP	12,308	35.830000	440995.64	0.78%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	RF	7591EP100	REGIONS FINANCIAL CORP NEW	24,151	17.440000	421193.44	0.74%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	C	172967424	CITIGROUP INC	8,328	48.890000	407155.92	0.72%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	PPBI	69478X105	PACIFIC PREMIER BANCORP	15,507	26.370000	408919.59	0.72%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	BKU	06652K103	BANKUNITED INC	13,576	29.740000	403750.24	0.71%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	JXN	46817M107	JACKSON FINANCIAL INC	8,296	48.410000	401609.36	0.71%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	VLY	919794107	VALLEY NATL BANCORP	40,370	9.950000	401681.50	0.71%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	ALLY	02005N100	ALLY FINL INC	13,245	30.080000	398409.60	0.70%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	FIBK	32055Y201	FIRST INTST BANCSYSTEM INC	13,940	28.300000	394502.00	0.70%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	ASB	045487105	ASSOCIATED BANC CORP	19,916	19.560000	389556.96	0.69%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	HOPE	43940T109	HOPE BANCORP INC	35,263	11.030000	388950.89	0.69%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	OMF	68268W103	ONEMAIN HLDGS INC	8,697	45.230000	393365.31	0.69%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	FULT	360271100	FULTON FINL CORP PA	25,092	15.430000	387169.56	0.68%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	NWBI	667340103	NORTHWEST BANCSHARES INC MD	32,399	11.870000	384576.13	0.68%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	PRU	744320102	PRUDENTIAL FINL INC	3,831	100.870000	386432.97	0.68%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	PFS	74386T105	PROVIDENT FINL SVCS INC	22,696	16.630000	377434.48	0.67%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	SFNC	828730200	SIMMONS 1ST NATL CORP	20,425	17.790000	363360.75	0.64%	56629200.00	2050000	41.000000000000		0.00
12/11/2023	WBIY	WU	959802109	WESTERN UN CO	30,063	11.940000	358952.22	0.63%	56629200.00	2050000	41.000000000000		0.00

Premium/Discount

Download Premium/Discount

WBI Bull|Bear Value 3000 ETF (WBIF)

Fund Information

As of: 12/08/2023

NAV

Daily Change

Median 30 Day Spread Percentage

Fact Sheet

$27.24

$0.15

0.41%

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: 12/08/2023

Shares Outstanding

Fund Size ($M)

Closing Bid/Ask (Midpoint)

Daily Volume

Premium/Discount

Expense Ratio

1,338,315

36.45

$27.22

10,730

-0.08%

1.64%

Performance Month End	As of: 11/30/2023

Name

MTD

QTD

YTD

1 Year

3 Year

5 Year

Since Inception 8/25/2014

NAV

4.97%

1.34%

-2.31%

-8.08%

0.96%

-0.27

1.83%

Market

4.79%

1.14%

-2.44%

-7.96%

0.91%

-0.33

1.80%

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

Fund Characteristics	As of: 10/31/2023

30-Day SEC Yield

1.18%

WBIF Top Holdings	As of: 12/11/2023

Security Name

Weightings

SPDR SER TR BLOOMBERG 1-3 MO
Cash & Other
APPLE INC
ONEOK INC NEW
CARDINAL HEALTH INC
VISA INC
HARTFORD FINL SVCS GROUP INC COM
FIDELITY NATL INFORMATION SVCS COM
AUTOLIV INC
UNITEDHEALTH GROUP INC

9.66%
4.90%
4.85%
4.81%
4.71%
4.08%
4.04%
4.03%
3.98%
3.95%

38,482
1,785,474
9,035
25,689
16,062
5,820
18,820
24,898
14,317
2,622

Download Holdings

Date	Account	StockTicker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag	IncomeByPosition
12/11/2023	WBIF	BIL	78468R663	SPDR SER TR BLOOMBERG 1-3 MO	38,482	91.530000	3522257.46	9.66%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	Cash&Other	Cash&Other	Cash & Other	1,785,474	1.000000	1785474.15	4.90%	36449812.01	1338315	26.770000000000	Y
12/11/2023	WBIF	AAPL	037833100	APPLE INC	9,035	195.710000	1768239.85	4.85%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	OKE	682680103	ONEOK INC NEW	25,689	68.240000	1753017.36	4.81%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	CAH	14149Y108	CARDINAL HEALTH INC	16,062	106.830000	1715903.46	4.71%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	V	92826C839	VISA INC	5,820	255.740000	1488406.80	4.08%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	HIG	416515104	HARTFORD FINL SVCS GROUP INC COM	18,820	78.280000	1473229.60	4.04%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	FIS	31620M106	FIDELITY NATL INFORMATION SVCS COM	24,898	58.940000	1467488.12	4.03%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	ALV	052800109	AUTOLIV INC	14,317	101.410000	1451886.97	3.98%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	UNH	91324P102	UNITEDHEALTH GROUP INC	2,622	549.770000	1441496.94	3.95%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	LMT	539830109	LOCKHEED MARTIN CORP	3,069	448.020000	1374973.38	3.77%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	NKE	654106103	NIKE INC	11,615	115.910000	1346294.65	3.69%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	AVGO	11135F101	BROADCOM INC	1,292	944.300000	1220035.60	3.35%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	MSFT	594918104	MICROSOFT CORP	2,966	374.230000	1109966.18	3.05%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	AMZN	023135106	AMAZON COM INC	7,519	147.420000	1108450.98	3.04%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	NVDA	67066G104	NVIDIA CORPORATION	2,214	475.060000	1051782.84	2.89%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	KEY	493267108	KEYCORP	64,379	13.260000	853665.54	2.34%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	FHN	320517105	FIRST HORIZON CORPORATION	59,694	13.630000	813629.22	2.23%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	MCHP	595017104	MICROCHIP TECHNOLOGY INC.	9,089	86.080000	782381.12	2.15%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	SO	842587107	SOUTHERN CO	10,671	71.500000	762976.50	2.09%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	GS	38141G104	GOLDMAN SACHS GROUP INC	2,166	350.830000	759897.78	2.08%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	GRMN	H2906T109	GARMIN LTD	6,045	124.590000	753146.55	2.07%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	F	345370860	FORD MTR CO DEL	67,859	11.010000	747127.59	2.05%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	MAR	571903202	MARRIOTT INTL INC NEW	3,567	209.400000	746929.80	2.05%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	ACN	G1151C101	ACCENTURE PLC IRELAND	2,178	337.230000	734486.94	2.02%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	UNM	91529Y106	UNUM GROUP	16,938	42.830000	725454.54	1.99%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	HLT	43300A203	HILTON WORLDWIDE HLDGS INC	4,097	171.330000	701939.01	1.93%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	DINO	403949100	HF SINCLAIR CORP	13,067	52.670000	688238.89	1.89%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	PTEN	703481101	PATTERSON-UTI ENERGY INC	59,874	10.850000	649632.90	1.78%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	HAL	406216101	HALLIBURTON CO	18,239	34.930000	637088.27	1.75%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	CI	125523100	THE CIGNA GROUP	2,412	258.800000	624225.60	1.71%	36449812.01	1338315	26.770000000000		0.00
12/11/2023	WBIF	IBM	459200101	INTERNATIONAL BUSINESS MACHS COM	2,360	161.960000	382225.60	1.05%	36449812.01	1338315	26.770000000000		0.00

Premium/Discount

Download Premium/Discount

WBI Bull|Bear Yield 3000 ETF (WBIG)

Fund Information

As of: 12/08/2023

NAV

Daily Change

Median 30 Day Spread Percentage

Fact Sheet

$22.51

$0.08

0.28%

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: 12/08/2023

Shares Outstanding

Fund Size ($M)

Closing Bid/Ask (Midpoint)

Daily Volume

Premium/Discount

Expense Ratio

2,230,183

50.20

$22.51

10,058

0.01%

1.44%

Performance Month End	As of: 11/30/2023

Name

MTD

QTD

YTD

1 Year

3 Year

5 Year

Since Inception 8/25/2014

NAV

5.15%

0.86%

-6.73%

-12.39%

-0.39%

-0.64

0.20%

Market

4.74%

0.39%

-7.16%

-12.61%

-0.48%

-0.70

0.15%

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

Fund Characteristics	As of: 10/31/2023

30-Day SEC Yield

1.71%

WBIG Top Holdings	As of: 12/11/2023

Security Name

Weightings

SPDR SER TR BLOOMBERG 1-3 MO
MICROSOFT CORP
MARRIOTT INTL INC NEW
CARDINAL HEALTH INC
INTERNATIONAL BUSINESS MACHS COM
VERISK ANALYTICS INC
CAPITAL ONE FINL CORP
LEIDOS HOLDINGS INC
HARTFORD FINL SVCS GROUP INC COM
SNAP ON INC

9.75%
4.77%
4.74%
4.73%
4.47%
4.47%
4.21%
4.02%
4.01%
3.99%

53,474
6,396
11,366
22,219
13,841
9,629
17,917
18,578
25,701
7,201

Download Holdings

Date	Account	StockTicker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag	IncomeByPosition
12/11/2023	WBIG	BIL	78468R663	SPDR SER TR BLOOMBERG 1-3 MO	53,474	91.530000	4894475.22	9.75%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	MSFT	594918104	MICROSOFT CORP	6,396	374.230000	2393575.08	4.77%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	MAR	571903202	MARRIOTT INTL INC NEW	11,366	209.400000	2380040.40	4.74%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	CAH	14149Y108	CARDINAL HEALTH INC	22,219	106.830000	2373655.77	4.73%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	IBM	459200101	INTERNATIONAL BUSINESS MACHS COM	13,841	161.960000	2241688.36	4.47%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	VRSK	92345Y106	VERISK ANALYTICS INC	9,629	232.920000	2242786.68	4.47%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	COF	14040H105	CAPITAL ONE FINL CORP	17,917	118.090000	2115818.53	4.21%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	LDOS	525327102	LEIDOS HOLDINGS INC	18,578	108.490000	2015527.22	4.02%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	HIG	416515104	HARTFORD FINL SVCS GROUP INC COM	25,701	78.280000	2011874.28	4.01%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	SNA	833034101	SNAP ON INC	7,201	278.220000	2003462.22	3.99%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	LMT	539830109	LOCKHEED MARTIN CORP	4,190	448.020000	1877203.80	3.74%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	PCAR	693718108	PACCAR INC	19,078	95.380000	1819659.64	3.62%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	OKE	682680103	ONEOK INC NEW	18,516	68.240000	1263531.84	2.52%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	TGT	87612E106	TARGET CORP	8,835	135.190000	1194403.65	2.38%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	C	172967424	CITIGROUP INC	22,835	48.890000	1116403.15	2.22%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	IVZ	G491BT108	INVESCO LTD	73,366	15.210000	1115896.86	2.22%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	HAS	418056107	HASBRO INC	22,259	48.700000	1084013.30	2.16%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	TPR	876030107	TAPESTRY INC	32,372	33.530000	1085433.16	2.16%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	AAPL	037833100	APPLE INC	5,403	195.710000	1057421.13	2.11%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	BEN	354613101	FRANKLIN RESOURCES INC	41,311	25.570000	1056322.27	2.10%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	KHC	500754106	KRAFT HEINZ CO	29,000	36.230000	1050670.00	2.09%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	MDT	G5960L103	MEDTRONIC PLC	13,234	79.350000	1050117.90	2.09%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	VTRS	92556V106	VIATRIS INC	106,467	9.830000	1046570.61	2.08%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	NVDA	67066G104	NVIDIA CORPORATION	2,182	475.060000	1036580.92	2.06%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	ABBV	00287Y109	ABBVIE INC	6,872	149.280000	1025852.16	2.04%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	CAG	205887102	CONAGRA BRANDS INC	34,007	29.520000	1003886.64	2.00%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	MO	02209S103	ALTRIA GROUP INC	23,953	41.300000	989258.90	1.97%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	PM	718172109	PHILIP MORRIS INTL INC	10,686	91.310000	975738.66	1.94%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	WMB	969457100	WILLIAMS COS INC	27,273	35.520000	968736.96	1.93%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	CVX	166764100	CHEVRON CORP NEW	6,658	144.310000	960815.98	1.91%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	KMB	494368103	KIMBERLY-CLARK CORP	7,928	119.940000	950884.32	1.89%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	MRVL	573874104	MARVELL TECHNOLOGY INC	9,842	52.880000	520444.96	1.04%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	HLT	43300A203	HILTON WORLDWIDE HLDGS INC	2,728	171.330000	467388.24	0.93%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	RL	751212101	RALPH LAUREN CORP	3,169	131.760000	417547.44	0.83%	50197851.04	2230183	44.600000000000		0.00
12/11/2023	WBIG	Cash&Other	Cash&Other	Cash & Other	388,192	1.000000	388191.52	0.77%	50197851.04	2230183	44.600000000000	Y

Premium/Discount

Download Premium/Discount

WBI Bull|Bear Quality 3000 ETF (WBIL)

Fund Information

As of: 12/08/2023

NAV

Daily Change

Median 30 Day Spread Percentage

Fact Sheet

$29.88

$0.11

0.33%

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: 12/08/2023

Shares Outstanding

Fund Size ($M)

Closing Bid/Ask (Midpoint)

Daily Volume

Premium/Discount

Expense Ratio

1,377,182

41.16

$29.88

6,377

-0.02%

1.65%

Performance Month End	As of: 11/30/2023

Name

MTD

QTD

YTD

1 Year

3 Year

5 Year

Since Inception 8/25/2014

NAV

5.95%

3.83%

7.95%

3.21%

3.84%

3.47

2.69%

Market

5.90%

3.55%

7.63%

3.07%

3.80%

3.41

2.65%

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

Fund Characteristics	As of: 10/31/2023

30-Day SEC Yield

0.58%

WBIL Top Holdings	As of: 12/11/2023

Security Name

Weightings

SPDR SER TR BLOOMBERG 1-3 MO
MARRIOTT INTL INC NEW
UBER TECHNOLOGIES INC
ROYAL CARIBBEAN GROUP
HILTON WORLDWIDE HLDGS INC
HF SINCLAIR CORP
GRAINGER W W INC
BERKLEY W R CORP
VISA INC
COSTCO WHSL CORP NEW

9.79%
4.87%
4.86%
4.75%
4.60%
4.53%
4.47%
4.37%
4.29%
4.14%

44,015
9,570
32,392
16,218
11,050
35,395
2,290
25,194
6,897
2,787

Download Holdings

Date	Account	StockTicker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag	IncomeByPosition
12/11/2023	WBIL	BIL	78468R663	SPDR SER TR BLOOMBERG 1-3 MO	44,015	91.530000	4028692.95	9.79%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	MAR	571903202	MARRIOTT INTL INC NEW	9,570	209.400000	2003958.00	4.87%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	UBER	90353T100	UBER TECHNOLOGIES INC	32,392	61.700000	1998586.40	4.86%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	RCL	V7780T103	ROYAL CARIBBEAN GROUP	16,218	120.470000	1953782.46	4.75%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	HLT	43300A203	HILTON WORLDWIDE HLDGS INC	11,050	171.330000	1893196.50	4.60%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	DINO	403949100	HF SINCLAIR CORP	35,395	52.670000	1864254.65	4.53%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	GWW	384802104	GRAINGER W W INC	2,290	804.050000	1841274.50	4.47%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	WRB	084423102	BERKLEY W R CORP	25,194	71.330000	1797088.02	4.37%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	V	92826C839	VISA INC	6,897	255.740000	1763838.78	4.29%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	COST	22160K105	COSTCO WHSL CORP NEW	2,787	610.780000	1702243.86	4.14%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	HUM	444859102	HUMANA INC	3,221	481.620000	1551298.02	3.77%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	PG	742718109	PROCTER AND GAMBLE CO	10,412	145.150000	1511301.80	3.67%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	BX	09260D107	BLACKSTONE INC	13,203	112.570000	1486261.71	3.61%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	NVDA	67066G104	NVIDIA CORPORATION	2,692	475.060000	1278861.52	3.11%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	AAPL	037833100	APPLE INC	6,513	195.710000	1274659.23	3.10%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	META	30303M102	META PLATFORMS INC	3,786	332.750000	1259791.50	3.06%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	PVH	693656100	PVH CORPORATION	10,012	108.260000	1083899.12	2.63%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	QCOM	747525103	QUALCOMM INC	6,590	132.970000	876272.30	2.13%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	NKE	654106103	NIKE INC	7,402	115.910000	857965.82	2.08%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	NUE	670346105	NUCOR CORP	5,275	162.090000	855024.75	2.08%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	ROST	778296103	ROSS STORES INC	6,472	132.080000	854821.76	2.08%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	AMP	03076C106	AMERIPRISE FINL INC	2,358	357.580000	843173.64	2.05%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	SNPS	871607107	SYNOPSYS INC	1,576	535.930000	844625.68	2.05%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	PCAR	693718108	PACCAR INC	8,812	95.380000	840488.56	2.04%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	EA	285512109	ELECTRONIC ARTS INC	5,986	137.140000	820920.04	1.99%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	GOOGL	02079K305	ALPHABET INC	6,081	134.990000	820874.19	1.99%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	TJX	872540109	TJX COS INC NEW	8,975	89.130000	799941.75	1.94%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	VRSK	92345Y106	VERISK ANALYTICS INC	3,363	232.920000	783309.96	1.90%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	ADBE	00724F101	ADOBE INC	1,276	610.010000	778372.76	1.89%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	MRVL	573874104	MARVELL TECHNOLOGY INC	12,145	52.880000	642227.60	1.56%	41156946.35	1377182	27.540000000000		0.00
12/11/2023	WBIL	Cash&Other	Cash&Other	Cash & Other	245,539	1.000000	245539.35	0.60%	41156946.35	1377182	27.540000000000	Y

Premium/Discount

Download Premium/Discount

Download all holdings data

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.