WBI Power Factor High Dividend ETF

TICKER

WBIY

INCEPTION DATE

12/19/2016

NAV

$25.51
As of 03/24/2023

FUND NET ASSETS

$73.97 (MM)
As of 03/24/2023

30-DAY SEC YIELD

5.38%
As of 2/28/2023

30-DAY SEC YIELD (UNSUB.)

5.16%
As of 2/28/2023

WHAT MAKES WBIY SO SMART?

We believe that WBIY’s multi-factor, actively rebalanced process is the most advanced Smart Beta approach in the marketplace today – one that is designed to help solve an investor’s need for high current income, inflation protection, and consistent capital growth. So how does WBIY work?

Watch the video to find out.

The WBIY Power Factor

WBIY is designed to track the Solactive Power Factor High Dividend Index. The Index screens for securities based on three fundamental value characteristics, or “Power Factors”:

  1. Trailing 12-month diluted earnings from continuing operations to price (E/P Ratio)
  2. Trailing 12-month free cash flow to price (FCF/P Ratio)
  3. Trailing 12-month sales to price (S/P Ratio)

Stock Selection Process

The goal of the Solactive Power Factor High Dividend Index and WBIY product design is to improve performance through superior security selection. Quarterly rebalancing provides a more active approach than you would find in similar offerings. The process identifies the “Top 50” highest dividend-yielding U.S. common stocks that also have high quality fundamentals.

Documents

  • Daily Holdings:
    DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
    03/27/2023WBIYINTC458140100INTEL CORP137,70629.3600004043048.165.47%73973780.002900000580.00
    03/27/2023WBIYSTXG7997R103SEAGATE TECHNOLOGY HLDNGS PLC ORD SHS63,78961.6400003931953.965.32%73973780.002900000580.00
    03/27/2023WBIYMO02209S103ALTRIA GROUP INC88,78143.9700003903700.575.28%73973780.002900000580.00
    03/27/2023WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -43,34486.5700003752290.085.07%73973780.002900000580.00
    03/27/2023WBIYDOW260557103DOW INC69,14651.7800003580379.884.84%73973780.002900000580.00
    03/27/2023WBIYVZ92343V104VERIZON COMMUNICATIONS INC94,26037.6600003549831.604.80%73973780.002900000580.00
    03/27/2023WBIYKMI49456B101KINDER MORGAN INC DEL207,57816.7900003485234.624.71%73973780.002900000580.00
    03/27/2023WBIYMMM88579Y1013M CO33,045101.1400003342171.304.52%73973780.002900000580.00
    03/27/2023WBIYC172967424CITIGROUP INC75,34543.1100003248122.954.39%73973780.002900000580.00
    03/27/2023WBIYF345370860FORD MTR CO DEL277,59111.5100003195072.414.32%73973780.002900000580.00
    03/27/2023WBIYPXD723787107PIONEER NAT RES CO16,588192.2200003188545.364.31%73973780.002900000580.00
    03/27/2023WBIYIP460146103INTERNATIONAL PAPER CO81,91234.4800002824325.763.82%73973780.002900000580.00
    03/27/2023WBIYWHR963320106WHIRLPOOL CORP20,465127.1700002602534.053.52%73973780.002900000580.00
    03/27/2023WBIYCash&OtherCash&OtherCash & Other2,088,6581.0000002088657.572.82%73973780.00290000058Y
    03/27/2023WBIYKSS500255104KOHLS CORP95,56221.4800002052671.762.77%73973780.002900000580.00
    03/27/2023WBIYNYCB649445103NEW YORK CMNTY BANCORP INC207,2058.9500001854484.752.51%73973780.002900000580.00
    03/27/2023WBIYCALM128030202CAL MAINE FOODS INC27,65954.4600001506309.142.04%73973780.002900000580.00
    03/27/2023WBIYPRU744320102PRUDENTIAL FINL INC19,14577.5800001485269.102.01%73973780.002900000580.00
    03/27/2023WBIYNRG629377508NRG ENERGY INC41,60731.4900001310204.431.77%73973780.002900000580.00
    03/27/2023WBIYFL344849104FOOT LOCKER INC32,93637.9800001250909.281.69%73973780.002900000580.00
    03/27/2023WBIYBBY086516101BEST BUY INC15,04674.3200001118218.721.51%73973780.002900000580.00
    03/27/2023WBIYKHC500754106KRAFT HEINZ CO28,41638.1800001084922.881.47%73973780.002900000580.00
    03/27/2023WBIYPSX718546104PHILLIPS 6610,80193.7300001012377.731.37%73973780.002900000580.00
    03/27/2023WBIYWU959802109WESTERN UN CO89,72210.860000974380.921.32%73973780.002900000580.00
    03/27/2023WBIYALLY02005N100ALLY FINL INC32,96724.220000798460.741.08%73973780.002900000580.00
    03/27/2023WBIYPAGP72651A207PLAINS GP HLDGS L P64,75412.180000788703.721.07%73973780.002900000580.00
    03/27/2023WBIYBEN354613101FRANKLIN RESOURCES INC26,67726.290000701338.330.95%73973780.002900000580.00
    03/27/2023WBIYCG14316J108CARLYLE GROUP INC23,06930.420000701758.980.95%73973780.002900000580.00
    03/27/2023WBIYLEG524660107LEGGETT & PLATT INC22,66930.770000697525.130.94%73973780.002900000580.00
    03/27/2023WBIYFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM20,55033.320000684726.000.93%73973780.002900000580.00
    03/27/2023WBIYCVI12662P108CVR ENERGY INC22,31829.550000659496.900.89%73973780.002900000580.00
    03/27/2023WBIYORI680223104OLD REP INTL CORP27,28424.010000655088.840.89%73973780.002900000580.00
    03/27/2023WBIYHBAN446150104HUNTINGTON BANCSHARES INC58,70610.780000632850.680.86%73973780.002900000580.00
    03/27/2023WBIYKEY493267108KEYCORP52,97811.860000628319.080.85%73973780.002900000580.00
    03/27/2023WBIYMDC552676108M D C HLDGS INC16,04738.280000614279.160.83%73973780.002900000580.00
    03/27/2023WBIYIVZG491BT108INVESCO LTD39,95615.050000601337.800.81%73973780.002900000580.00
    03/27/2023WBIYUSB902973304US BANCORP DEL17,15434.900000598674.600.81%73973780.002900000580.00
    03/27/2023WBIYTFC89832Q109TRUIST FINANCIAL CORP17,92932.890000589684.810.80%73973780.002900000580.00
    03/27/2023WBIYJXN46817M107JACKSON FINANCIAL INC15,24435.420000539942.480.73%73973780.002900000580.00
    03/27/2023WBIYCWH13462K109CAMPING WORLD HLDGS INC26,27119.160000503352.360.68%73973780.002900000580.00
    03/27/2023WBIYFAF31847R102FIRST AMERN FINL CORP9,35553.710000502457.050.68%73973780.002900000580.00
    03/27/2023WBIYCWEN18539C204CLEARWAY ENERGY INC15,35630.170000463290.520.63%73973780.002900000580.00
    03/27/2023WBIYCOLB197236102COLUMBIA BKG SYS INC19,05420.520000390988.080.53%73973780.002900000580.00
    03/27/2023WBIYVIRT928254101VIRTU FINL INC19,76717.270000341376.090.46%73973780.002900000580.00
    03/27/2023WBIYHESM428103105HESS MIDSTREAM LP10,46627.040000283000.640.38%73973780.002900000580.00
    03/27/2023WBIYNAVI63938C108NAVIENT CORPORATION16,31615.280000249308.480.34%73973780.002900000580.00
    03/27/2023WBIYUPBD76009N100UPBOUND GROUP INC10,64923.440000249612.560.34%73973780.002900000580.00
    03/27/2023WBIYSBGI829226109SINCLAIR BROADCAST GROUP INC CL A15,34014.630000224424.200.30%73973780.002900000580.00
    03/27/2023WBIYPPBI69478X105PACIFIC PREMIER BANCORP8,08724.710000199829.770.27%73973780.002900000580.00
    03/27/2023WBIYPFS74386T105PROVIDENT FINL SVCS INC7,48419.530000146162.520.20%73973780.002900000580.00
    03/27/2023WBIYHOPE43940T109HOPE BANCORP INC13,78910.230000141061.470.19%73973780.002900000580.00

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 click here.

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.

The Fund invests 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.

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.