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Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBIA Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.05%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBIB Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.05%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBIC Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBID Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBIE Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
$29.250.45%
$0.080.45%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/28/2024WBIFSHYG46434V407ISHARES TR 0-5YR HI YL CP85,57442.3500003624058.909.62%37689011.17128831525.7700000000000.00
02/28/2024WBIFVNOM927959106VIPER ENERGY INC54,87735.7800001963499.065.21%37689011.17128831525.7700000000000.00
02/28/2024WBIFOKE682680103ONEOK INC NEW24,73074.3700001839170.104.88%37689011.17128831525.7700000000000.00
02/28/2024WBIFMO02209S103ALTRIA GROUP INC43,27740.9000001770029.304.70%37689011.17128831525.7700000000000.00
02/28/2024WBIFVRSK92345Y106VERISK ANALYTICS INC7,064242.9200001715986.884.55%37689011.17128831525.7700000000000.00
02/28/2024WBIFLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -16,74799.0000001657953.004.40%37689011.17128831525.7700000000000.00
02/28/2024WBIFMPC56585A102MARATHON PETE CORP9,699171.1300001659789.874.40%37689011.17128831525.7700000000000.00
02/28/2024WBIFT00206R102AT&T INC92,11016.8300001550211.304.11%37689011.17128831525.7700000000000.00
02/28/2024WBIFPRU744320102PRUDENTIAL FINL INC14,106107.6700001518793.024.03%37689011.17128831525.7700000000000.00
02/28/2024WBIFTW892672106TRADEWEB MKTS INC14,158105.1100001488147.383.95%37689011.17128831525.7700000000000.00
02/28/2024WBIFBR11133T103BROADRIDGE FINL SOLUTIONS INC COM7,422200.0100001484474.223.94%37689011.17128831525.7700000000000.00
02/28/2024WBIFCOST22160K105COSTCO WHSL CORP NEW1,915744.7100001426119.653.78%37689011.17128831525.7700000000000.00
02/28/2024WBIFAMZN023135106AMAZON COM INC7,239173.5400001256256.063.33%37689011.17128831525.7700000000000.00
02/28/2024WBIFMSFT594918104MICROSOFT CORP2,856407.4800001163762.883.09%37689011.17128831525.7700000000000.00
02/28/2024WBIFFIX199908104COMFORT SYS USA INC3,470291.1500001010290.502.68%37689011.17128831525.7700000000000.00
02/28/2024WBIFPCAR693718108PACCAR INC7,548111.330000840318.842.23%37689011.17128831525.7700000000000.00
02/28/2024WBIFWRB084423102BERKLEY W R CORP9,79784.880000831569.362.21%37689011.17128831525.7700000000000.00
02/28/2024WBIFNXPIN6596X109NXP SEMICONDUCTORS N V3,376245.730000829584.482.20%37689011.17128831525.7700000000000.00
02/28/2024WBIFHLT43300A203HILTON WORLDWIDE HLDGS INC3,944203.590000802958.962.13%37689011.17128831525.7700000000000.00
02/28/2024WBIFGRMNH2906T109GARMIN LTD5,820134.690000783895.802.08%37689011.17128831525.7700000000000.00
02/28/2024WBIFOTIS68902V107OTIS WORLDWIDE CORP8,28193.850000777171.852.06%37689011.17128831525.7700000000000.00
02/28/2024WBIFUNM91529Y106UNUM GROUP15,77649.200000776179.202.06%37689011.17128831525.7700000000000.00
02/28/2024WBIFADP053015103AUTOMATIC DATA PROCESSING INC COM3,034251.310000762474.542.02%37689011.17128831525.7700000000000.00
02/28/2024WBIFEBAY278642103EBAY INC.17,05344.390000756982.672.01%37689011.17128831525.7700000000000.00
02/28/2024WBIFRGA759351604REINSURANCE GRP OF AMERICA INC COM NEW4,241175.210000743065.611.97%37689011.17128831525.7700000000000.00
02/28/2024WBIFF345370860FORD MTR CO DEL60,97412.000000731688.001.94%37689011.17128831525.7700000000000.00
02/28/2024WBIFHAL406216101HALLIBURTON CO20,84234.960000728636.321.93%37689011.17128831525.7700000000000.00
02/28/2024WBIFFHN320517105FIRST HORIZON CORPORATION51,33114.130000725307.031.92%37689011.17128831525.7700000000000.00
02/28/2024WBIFMCHP595017104MICROCHIP TECHNOLOGY INC.8,33282.940000691056.081.83%37689011.17128831525.7700000000000.00
02/28/2024WBIFCNA126117100CNA FINL CORP15,51044.340000687713.401.82%37689011.17128831525.7700000000000.00
02/28/2024WBIFJHGG4474Y214JANUS HENDERSON GROUP PLC13,52131.060000419962.261.11%37689011.17128831525.7700000000000.00
02/28/2024WBIFTROW74144T108PRICE T ROWE GROUP INC3,100110.860000343666.000.91%37689011.17128831525.7700000000000.00
02/28/2024WBIFCash&OtherCash&OtherCash & Other326,8491.000000326849.480.87%37689011.17128831525.770000000000Y
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: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,288,3150.45%
37.690.45%
$29.250.45%
1,0880.45%
-0.03%0.45%
1.04%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.78%
0.78%
0.78%
-0.07%
2.17%
2.18%
Market
0.86%
0.86%
0.86%
0.06%
2.21%
2.18%
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
2.80
4.18
0.43
0.43
2.37
2.12
Market
3.00
4.17
0.48
0.48
2.38
2.11

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. For most recent month-end performance, please see the monthly performance tab.

WBIF Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
ISHARES TR 0-5YR HI YL CP
VIPER ENERGY INC
ONEOK INC NEW
ALTRIA GROUP INC
VERISK ANALYTICS INC
LYONDELLBASELL INDUSTRIES N V SHS - A -
MARATHON PETE CORP
AT&T INC
PRUDENTIAL FINL INC
TRADEWEB MKTS INC
9.62%
5.21%
4.88%
4.70%
4.55%
4.40%
4.40%
4.11%
4.03%
3.95%
85,574
54,877
24,730
43,277
7,064
16,747
9,699
92,110
14,106
14,158
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: 02/27/2024
NAV Daily Change Fact Sheet Holdings
$24.220.25%
$0.060.25%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/28/2024WBIGSHYG46434V407ISHARES TR 0-5YR HI YL CP102,76642.3500004352140.109.08%47955675.86198018339.6000000000000.00
02/28/2024WBIGFIX199908104COMFORT SYS USA INC8,850291.1500002576677.505.37%47955675.86198018339.6000000000000.00
02/28/2024WBIGPCAR693718108PACCAR INC21,783111.3300002425101.395.06%47955675.86198018339.6000000000000.00
02/28/2024WBIGMSFT594918104MICROSOFT CORP5,681407.4800002314893.884.83%47955675.86198018339.6000000000000.00
02/28/2024WBIGGRMNH2906T109GARMIN LTD16,886134.6900002274375.344.74%47955675.86198018339.6000000000000.00
02/28/2024WBIGUNM91529Y106UNUM GROUP44,05549.2000002167506.004.52%47955675.86198018339.6000000000000.00
02/28/2024WBIGVRSK92345Y106VERISK ANALYTICS INC8,554242.9200002077937.684.33%47955675.86198018339.6000000000000.00
02/28/2024WBIGTJX872540109TJX COS INC NEW19,952100.5200002005575.044.18%47955675.86198018339.6000000000000.00
02/28/2024WBIGNXPIN6596X109NXP SEMICONDUCTORS N V7,887245.7300001938072.514.04%47955675.86198018339.6000000000000.00
02/28/2024WBIGKR501044101KROGER CO39,19648.3700001895910.523.95%47955675.86198018339.6000000000000.00
02/28/2024WBIGEA285512109ELECTRONIC ARTS INC10,030139.5000001399185.002.92%47955675.86198018339.6000000000000.00
02/28/2024WBIGRGA759351604REINSURANCE GRP OF AMERICA INC COM NEW7,776175.2100001362432.962.84%47955675.86198018339.6000000000000.00
02/28/2024WBIGAAPL037833100APPLE INC6,450182.6300001177963.502.46%47955675.86198018339.6000000000000.00
02/28/2024WBIGIBM459200101INTERNATIONAL BUSINESS MACHS COM5,707184.8700001055053.092.20%47955675.86198018339.6000000000000.00
02/28/2024WBIGVNOM927959106VIPER ENERGY INC29,32235.7800001049141.162.19%47955675.86198018339.6000000000000.00
02/28/2024WBIGMPC56585A102MARATHON PETE CORP6,108171.1300001045262.042.18%47955675.86198018339.6000000000000.00
02/28/2024WBIGVTRS92556V106VIATRIS INC76,03913.2300001005995.972.10%47955675.86198018339.6000000000000.00
02/28/2024WBIGABBV00287Y109ABBVIE INC5,584178.990000999480.162.08%47955675.86198018339.6000000000000.00
02/28/2024WBIGLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -9,75499.000000965646.002.01%47955675.86198018339.6000000000000.00
02/28/2024WBIGOKE682680103ONEOK INC NEW12,98874.370000965917.562.01%47955675.86198018339.6000000000000.00
02/28/2024WBIGPRU744320102PRUDENTIAL FINL INC8,871107.670000955140.571.99%47955675.86198018339.6000000000000.00
02/28/2024WBIGGIS370334104GENERAL MLS INC14,57364.210000935732.331.95%47955675.86198018339.6000000000000.00
02/28/2024WBIGTROW74144T108PRICE T ROWE GROUP INC8,396110.860000930780.561.94%47955675.86198018339.6000000000000.00
02/28/2024WBIGOBDC69121K104BLUE OWL CAPITAL CORPORATION COM61,13615.090000922542.241.92%47955675.86198018339.6000000000000.00
02/28/2024WBIGBMY110122108BRISTOL-MYERS SQUIBB CO18,16350.510000917413.131.91%47955675.86198018339.6000000000000.00
02/28/2024WBIGMO02209S103ALTRIA GROUP INC22,41140.900000916609.901.91%47955675.86198018339.6000000000000.00
02/28/2024WBIGHAS418056107HASBRO INC18,13350.280000911727.241.90%47955675.86198018339.6000000000000.00
02/28/2024WBIGKMB494368103KIMBERLY-CLARK CORP7,465121.190000904683.351.89%47955675.86198018339.6000000000000.00
02/28/2024WBIGCVS126650100CVS HEALTH CORP11,61176.270000885570.971.85%47955675.86198018339.6000000000000.00
02/28/2024WBIGPM718172109PHILIP MORRIS INTL INC9,74290.180000878533.561.83%47955675.86198018339.6000000000000.00
02/28/2024WBIGHPQ40434L105HP INC30,32728.830000874327.411.82%47955675.86198018339.6000000000000.00
02/28/2024WBIGKHC500754106KRAFT HEINZ CO24,28435.800000869367.201.81%47955675.86198018339.6000000000000.00
02/28/2024WBIGBEN354613101FRANKLIN RESOURCES INC31,64127.090000857154.691.79%47955675.86198018339.6000000000000.00
02/28/2024WBIGOMF68268W103ONEMAIN HLDGS INC18,45446.600000859956.401.79%47955675.86198018339.6000000000000.00
02/28/2024WBIGCash&OtherCash&OtherCash & Other280,2441.000000280244.310.58%47955675.86198018339.600000000000Y
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: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,980,1830.25%
47.960.25%
$24.030.25%
1,8920.25%
-0.78%0.25%
1.04%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
0.99%
0.99%
0.99%
-1.12%
1.85%
0.79%
Market
1.41%
1.41%
1.41%
-0.90%
1.93%
0.80%
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
4.71
5.62
-2.33
-2.33
1.42
0.69
Market
4.82
5.23
-2.68
-2.68
1.41
0.65

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

WBIG Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
ISHARES TR 0-5YR HI YL CP
COMFORT SYS USA INC
PACCAR INC
MICROSOFT CORP
GARMIN LTD
UNUM GROUP
VERISK ANALYTICS INC
TJX COS INC NEW
NXP SEMICONDUCTORS N V
KROGER CO
9.08%
5.37%
5.06%
4.83%
4.74%
4.52%
4.33%
4.18%
4.04%
3.95%
102,766
8,850
21,783
5,681
16,886
44,055
8,554
19,952
7,887
39,196
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: 02/27/2024
NAV Daily Change Fact Sheet Holdings
$33.380.33%
$0.090.33%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/28/2024WBILSHYG46434V407ISHARES TR 0-5YR HI YL CP102,59142.3500004344728.859.81%44300804.29132718226.5400000000000.00
02/28/2024WBILFIX199908104COMFORT SYS USA INC7,941291.1500002312022.155.22%44300804.29132718226.5400000000000.00
02/28/2024WBILPCAR693718108PACCAR INC19,368111.3300002156239.444.87%44300804.29132718226.5400000000000.00
02/28/2024WBILGRMNH2906T109GARMIN LTD15,777134.6900002125004.134.80%44300804.29132718226.5400000000000.00
02/28/2024WBILNVDA67066G104NVIDIA CORPORATION2,592787.0100002039929.924.60%44300804.29132718226.5400000000000.00
02/28/2024WBILRGA759351604REINSURANCE GRP OF AMERICA INC COM NEW11,540175.2100002021923.404.56%44300804.29132718226.5400000000000.00
02/28/2024WBILCRWD22788C105CROWDSTRIKE HLDGS INC6,260321.2100002010774.604.54%44300804.29132718226.5400000000000.00
02/28/2024WBILUNM91529Y106UNUM GROUP40,43349.2000001989303.604.49%44300804.29132718226.5400000000000.00
02/28/2024WBILALLEG0176J109ALLEGION PLC14,597129.2900001887246.134.26%44300804.29132718226.5400000000000.00
02/28/2024WBILMETA30303M102META PLATFORMS INC3,873487.0500001886344.654.26%44300804.29132718226.5400000000000.00
02/28/2024WBILNXPIN6596X109NXP SEMICONDUCTORS N V7,344245.7300001804641.124.07%44300804.29132718226.5400000000000.00
02/28/2024WBILKKR48251W104KKR & CO INC18,30296.0200001757358.043.97%44300804.29132718226.5400000000000.00
02/28/2024WBILDDOG23804L103DATADOG INC13,176130.9500001725397.203.89%44300804.29132718226.5400000000000.00
02/28/2024WBILWDAY98138H101WORKDAY INC4,871295.0500001437188.553.24%44300804.29132718226.5400000000000.00
02/28/2024WBILTTD88339J105THE TRADE DESK INC12,74285.6000001090715.202.46%44300804.29132718226.5400000000000.00
02/28/2024WBILCAT149123101CATERPILLAR INC3,147327.6300001031051.612.33%44300804.29132718226.5400000000000.00
02/28/2024WBILAVGO11135F101BROADCOM INC7281296.230000943655.442.13%44300804.29132718226.5400000000000.00
02/28/2024WBILQCOM747525103QUALCOMM INC5,758157.500000906885.002.05%44300804.29132718226.5400000000004606.40
02/28/2024WBILMPC56585A102MARATHON PETE CORP5,271171.130000902026.232.04%44300804.29132718226.5400000000000.00
02/28/2024WBILINTU461202103INTUIT1,345669.360000900289.202.03%44300804.29132718226.5400000000000.00
02/28/2024WBILAMP03076C106AMERIPRISE FINL INC2,176408.710000889352.962.01%44300804.29132718226.5400000000000.00
02/28/2024WBILCOST22160K105COSTCO WHSL CORP NEW1,192744.710000887694.322.00%44300804.29132718226.5400000000000.00
02/28/2024WBILBX09260D107BLACKSTONE INC6,871126.750000870899.251.97%44300804.29132718226.5400000000000.00
02/28/2024WBILVRSK92345Y106VERISK ANALYTICS INC3,427242.920000832486.841.88%44300804.29132718226.5400000000000.00
02/28/2024WBILAAPL037833100APPLE INC4,425182.630000808137.751.82%44300804.29132718226.5400000000000.00
02/28/2024WBILEA285512109ELECTRONIC ARTS INC5,769139.500000804775.501.82%44300804.29132718226.5400000000000.00
02/28/2024WBILLULU550021109LULULEMON ATHLETICA INC1,725467.840000807024.001.82%44300804.29132718226.5400000000000.00
02/28/2024WBILRNRG7496G103RENAISSANCERE HLDGS LTD3,456226.190000781712.641.76%44300804.29132718226.5400000000000.00
02/28/2024WBILROK773903109ROCKWELL AUTOMATION INC2,722280.970000764800.341.73%44300804.29132718226.5400000000000.00
02/28/2024WBILADBE00724F101ADOBE INC1,359552.490000750833.911.69%44300804.29132718226.5400000000000.00
02/28/2024WBILLEA521865204LEAR CORP3,780135.780000513248.401.16%44300804.29132718226.5400000000000.00
02/28/2024WBILCash&OtherCash&OtherCash & Other315,5701.000000315569.930.71%44300804.29132718226.540000000000Y
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: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,327,1820.33%
44.300.33%
$32.820.33%
1,6800.33%
-1.68%0.33%
1.05%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
1.08%
1.08%
1.08%
10.94%
5.75%
3.15%
Market
1.19%
1.19%
1.19%
11.13%
6.02%
3.14%
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
3.61
7.58
11.84
11.84
6.18
3.06
Market
3.87
7.55
11.79
11.79
6.25
3.04

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

WBIL Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
ISHARES TR 0-5YR HI YL CP
COMFORT SYS USA INC
PACCAR INC
GARMIN LTD
NVIDIA CORPORATION
REINSURANCE GRP OF AMERICA INC COM NEW
CROWDSTRIKE HLDGS INC
UNUM GROUP
ALLEGION PLC
META PLATFORMS INC
9.81%
5.22%
4.87%
4.80%
4.60%
4.56%
4.54%
4.49%
4.26%
4.26%
102,591
7,941
19,368
15,777
2,592
11,540
6,260
40,433
14,597
3,873
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: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

  • Manage risk to capital
  • Generate high current yield that helps to promote compounding
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in income-producing debt and equity securities of foreign and domestic companies

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.17%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBII Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

  • Manage risk to capital
  • Generate high current yield that helps to promote compounding
  • Seeks to provide attractive returns and long-term growth of capital
  • Typically invests in income-producing debt and equity securities of foreign and domestic companies

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.21%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market

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

WBIH Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
Fund Goals

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

Prices
As of: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.59%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
Market
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
Market

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

WBIR Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
Premium/Discount

The chart above shows the difference between the daily price for shares of the Fund and the Fund’s NAV (net asset value). The daily price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of 4:00 p.m. EST (when NAV is normally determined for most ETFs). The premium or discount is presented on the vertical axis of the chart and is shown as a percentage of NAV. The number of trading days in the period covered by the chart is indicated on the horizontal axis. The bars in the chart display the number of trading days in which the Fund traded within the premium/discount range shown. The horizontal bar for the range of ≥0.0 up to 0.5 includes the days that the Fund’s daily price matched its NAV (i.e. there was no premium or discount).

Fund Information
As of: 02/27/2024
NAV Daily Change Fact Sheet Holdings
$28.670.35%
$0.240.35%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
02/28/2024WBIYVZ92343V104VERIZON COMMUNICATIONS INC92,49839.9300003693445.146.44%57347600.00200000040.0000000000000.00
02/28/2024WBIYMO02209S103ALTRIA GROUP INC89,06640.9000003642799.406.35%57347600.00200000040.0000000000000.00
02/28/2024WBIYKMI49456B101KINDER MORGAN INC DEL208,07817.1700003572699.266.23%57347600.00200000040.0000000000000.00
02/28/2024WBIYBBY086516101BEST BUY INC37,05579.0600002929568.305.11%57347600.00200000040.0000000000000.00
02/28/2024WBIYF345370860FORD MTR CO DEL239,18712.0000002870244.005.00%57347600.00200000040.0000000000000.00
02/28/2024WBIYLYBN53745100LYONDELLBASELL INDUSTRIES N V SHS - A -28,17199.0000002788929.004.86%57347600.00200000040.0000000000000.00
02/28/2024WBIYDOW260557103DOW INC49,97455.5700002777055.184.84%57347600.00200000040.00000000000034981.80
02/28/2024WBIYOKE682680103ONEOK INC NEW36,89374.3700002743732.414.78%57347600.00200000040.0000000000000.00
02/28/2024WBIYPFE717081103PFIZER INC93,58026.8900002516366.204.39%57347600.00200000040.0000000000000.00
02/28/2024WBIYIP460146103INTERNATIONAL PAPER CO66,92034.2000002288664.003.99%57347600.00200000040.0000000000000.00
02/28/2024WBIYKHC500754106KRAFT HEINZ CO59,08835.8000002115350.403.69%57347600.00200000040.0000000000000.00
02/28/2024WBIYOGN68622V106ORGANON & CO113,71218.0400002051364.483.58%57347600.00200000040.0000000000000.00
02/28/2024WBIYKEY493267108KEYCORP140,67014.1400001989073.803.47%57347600.00200000040.0000000000000.00
02/28/2024WBIYTFC89832Q109TRUIST FINANCIAL CORP53,47334.8800001865138.243.25%57347600.00200000040.0000000000000.00
02/28/2024WBIYCRK205768302COMSTOCK RES INC111,8588.130000909405.541.59%57347600.00200000040.0000000000000.00
02/28/2024WBIYXRX98421M106XEROX HOLDINGS CORP48,37318.800000909412.401.59%57347600.00200000040.0000000000000.00
02/28/2024WBIYCBRL22410J106CRACKER BARREL OLD CTRY STORE COM12,74370.100000893284.301.56%57347600.00200000040.0000000000000.00
02/28/2024WBIYCash&OtherCash&OtherCash & Other888,9621.000000888961.711.55%57347600.00200000040.000000000000Y
02/28/2024WBIYCVI12662P108CVR ENERGY INC22,77933.570000764691.031.33%57347600.00200000040.0000000000000.00
02/28/2024WBIYBRY08579X101BERRY CORP104,2757.140000744523.501.30%57347600.00200000040.0000000000000.00
02/28/2024WBIYCWEN18539C204CLEARWAY ENERGY INC31,81722.350000711109.951.24%57347600.00200000040.0000000000000.00
02/28/2024WBIYHESM428103105HESS MIDSTREAM LP20,91434.020000711494.281.24%57347600.00200000040.0000000000000.00
02/28/2024WBIYASCY0207T100ARDMORE SHIPPING CORP43,68915.930000695965.771.21%57347600.00200000040.0000000000009174.69
02/28/2024WBIYKNTK02215L209KINETIK HOLDINGS INC20,50833.160000680045.281.19%57347600.00200000040.0000000000000.00
02/28/2024WBIYLEG524660107LEGGETT & PLATT INC32,16620.640000663906.241.16%57347600.00200000040.0000000000000.00
02/28/2024WBIYSBGI829242106SINCLAIR INC45,29814.400000652291.201.14%57347600.00200000040.0000000000000.00
02/28/2024WBIYWU959802109WESTERN UN CO48,63412.920000628351.281.10%57347600.00200000040.0000000000000.00
02/28/2024WBIYLNC534187109LINCOLN NATL CORP IND19,90827.690000551252.520.96%57347600.00200000040.0000000000000.00
02/28/2024WBIYRF7591EP100REGIONS FINANCIAL CORP NEW29,60018.580000549968.000.96%57347600.00200000040.0000000000000.00
02/28/2024WBIYPRU744320102PRUDENTIAL FINL INC4,887107.670000526183.290.92%57347600.00200000040.0000000000000.00
02/28/2024WBIYCFG174610105CITIZENS FINL GROUP INC16,68330.960000516505.680.90%57347600.00200000040.0000000000000.00
02/28/2024WBIYHBAN446150104HUNTINGTON BANCSHARES INC39,80013.020000518196.000.90%57347600.00200000040.0000000000000.00
02/28/2024WBIYUSB902973304US BANCORP DEL11,84041.370000489820.800.85%57347600.00200000040.0000000000000.00
02/28/2024WBIYNUS67018T105NU SKIN ENTERPRISES INC38,96012.370000481935.200.84%57347600.00200000040.0000000000000.00
02/28/2024WBIYC172967424CITIGROUP INC8,12555.710000452643.750.79%57347600.00200000040.0000000000000.00
02/28/2024WBIYSNV87161C501SYNOVUS FINL CORP12,00837.560000451020.480.79%57347600.00200000040.0000000000000.00
02/28/2024WBIYOMF68268W103ONEMAIN HLDGS INC9,59146.600000446940.600.78%57347600.00200000040.0000000000000.00
02/28/2024WBIYIVZG491BT108INVESCO LTD28,05015.400000431970.000.75%57347600.00200000040.0000000000000.00
02/28/2024WBIYFITB316773100FIFTH THIRD BANCORP12,45233.970000422994.440.74%57347600.00200000040.0000000000000.00
02/28/2024WBIYPNC693475105PNC FINL SVCS GROUP INC2,869145.950000418730.550.73%57347600.00200000040.0000000000000.00
02/28/2024WBIYFNF31620R303FIDELITY NATIONAL FINANCIAL IN FNF GROUP COM8,24050.090000412741.600.72%57347600.00200000040.0000000000000.00
02/28/2024WBIYJXN46817M107JACKSON FINANCIAL INC7,25352.410000380129.730.66%57347600.00200000040.0000000000000.00
02/28/2024WBIYZION989701107ZIONS BANCORPORATION N A9,52538.680000368427.000.64%57347600.00200000040.0000000000000.00
02/28/2024WBIYSFNC828730200SIMMONS 1ST NATL CORP16,03319.070000305749.310.53%57347600.00200000040.0000000000000.00
02/28/2024WBIYASB045487105ASSOCIATED BANC CORP14,17020.840000295302.800.51%57347600.00200000040.0000000000000.00
02/28/2024WBIYFULT360271100FULTON FINL CORP PA18,99115.160000287903.560.50%57347600.00200000040.0000000000000.00
02/28/2024WBIYHOPE43940T109HOPE BANCORP INC26,14110.880000284414.080.50%57347600.00200000040.0000000000000.00
02/28/2024WBIYFIBK32055Y201FIRST INTST BANCSYSTEM INC10,37626.400000273926.400.48%57347600.00200000040.0000000000000.00
02/28/2024WBIYPFS74386T105PROVIDENT FINL SVCS INC17,82615.050000268281.300.47%57347600.00200000040.0000000000000.00
02/28/2024WBIYEGBN268948106EAGLE BANCORP INC MD11,08623.220000257416.920.45%57347600.00200000040.0000000000000.00
02/28/2024WBIYVLY919794107VALLEY NATL BANCORP31,1348.220000255921.480.45%57347600.00200000040.0000000000000.00
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: 02/27/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,050,0000.35%
58.780.35%
$28.650.35%
4,0070.35%
-0.08%0.35%
0.70%
Performance Month End
As of: 01/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
-0.53%
-0.53%
-0.53%
3.32%
11.62%
7.21%
Market
-0.76%
-0.76%
-0.76%
3.02%
11.61%
7.16%
Performance Quarter End
As of: 12/31/2023
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
8.44
14.38
13.91
13.91
13.30
7.38
Market
8.49
14.38
13.71
13.71
13.26
7.37

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

WBIY Top Holdings
As of: 02/28/2024
Security Name Weightings Shares
VERIZON COMMUNICATIONS INC
ALTRIA GROUP INC
KINDER MORGAN INC DEL
BEST BUY INC
FORD MTR CO DEL
LYONDELLBASELL INDUSTRIES N V SHS - A -
DOW INC
ONEOK INC NEW
PFIZER INC
INTERNATIONAL PAPER CO
6.44%
6.35%
6.23%
5.11%
5.00%
4.86%
4.84%
4.78%
4.39%
3.99%
92,498
89,066
208,078
37,055
239,187
28,171
49,974
36,893
93,580
66,920
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.