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Fund Information
As of: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.05%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.05%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.06%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
NAV Daily Change Fact Sheet Holdings
$29.820.61%
$0.180.61%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
06/14/2024WBIFUSHY46435U853iShares Broad USD High Yield Corporate Bond ETF77,32036.3450002810195.408.33%33755137.68113831522.7700000000000.00
06/14/2024WBIFLRCX512807108Lam Research Corp1,7401038.5000001806990.005.35%33755137.68113831522.7700000000000.00
06/14/2024WBIFMO02209S103Altria Group Inc38,24044.7700001712004.805.07%33755137.68113831522.77000000000037475.20
06/14/2024WBIFKNTK02215L209Kinetik Holdings Inc41,77240.0500001672968.604.96%33755137.68113831522.7700000000000.00
06/14/2024WBIFCash&OtherCash&OtherCash & Other1,555,4811.0000001555481.424.61%33755137.68113831522.770000000000Y
06/14/2024WBIFPM718172109Philip Morris International Inc14,745101.9800001503695.104.45%33755137.68113831522.7700000000000.00
06/14/2024WBIFOMF68268W103OneMain Holdings Inc29,87548.0600001435792.504.25%33755137.68113831522.7700000000000.00
06/14/2024WBIFTW892672106Tradeweb Markets Inc13,981101.4700001418652.074.20%33755137.68113831522.7700000000000.00
06/14/2024WBIFTROW74144T108T Rowe Price Group Inc12,199115.3300001406910.674.17%33755137.68113831522.77000000000015126.76
06/14/2024WBIFBR11133T103Broadridge Financial Solutions Inc7,124195.4100001392100.844.12%33755137.68113831522.7700000000005699.20
06/14/2024WBIFCHD171340102Church & Dwight Co Inc12,750106.4800001357620.004.02%33755137.68113831522.7700000000000.00
06/14/2024WBIFMA57636Q104Mastercard Inc2,866445.0000001275370.003.78%33755137.68113831522.7700000000000.00
06/14/2024WBIFMETA30303M102Meta Platforms Inc2,411503.6000001214179.603.60%33755137.68113831522.7700000000001205.50
06/14/2024WBIFPANW697435105Palo Alto Networks Inc3,054319.660000976241.642.89%33755137.68113831522.7700000000000.00
06/14/2024WBIFNXPIN6596X109NXP Semiconductors NV2,861275.470000788119.672.33%33755137.68113831522.7700000000000.00
06/14/2024WBIFCARR14448C104Carrier Global Corp11,98363.990000766792.172.27%33755137.68113831522.7700000000000.00
06/14/2024WBIFGRMNH2906T109Garmin Ltd4,672161.930000756536.962.24%33755137.68113831522.7700000000000.00
06/14/2024WBIFEBAY278642103eBay Inc14,04153.690000753861.292.23%33755137.68113831522.7700000000000.00
06/14/2024WBIFUHS913903100Universal Health Services Inc3,974188.180000747827.322.22%33755137.68113831522.7700000000000.00
06/14/2024WBIFDKS253393102Dick's Sporting Goods Inc3,302219.300000724128.602.15%33755137.68113831522.7700000000003632.20
06/14/2024WBIFRGA759351604Reinsurance Group of America Inc3,553201.500000715929.502.12%33755137.68113831522.7700000000000.00
06/14/2024WBIFMAR571903202Marriott International Inc/MD2,708240.470000651192.761.93%33755137.68113831522.7700000000000.00
06/14/2024WBIFUNM91529Y106Unum Group12,82749.740000638014.981.89%33755137.68113831522.7700000000000.00
06/14/2024WBIFCI125523100Cigna Group/The1,902334.150000635553.301.88%33755137.68113831522.7700000000000.00
06/14/2024WBIFK487836108Kellanova10,75758.730000631758.611.87%33755137.68113831522.7700000000000.00
06/14/2024WBIFF345370860Ford Motor Co51,89311.940000619602.421.84%33755137.68113831522.7700000000000.00
06/14/2024WBIFWRB084423102W R Berkley Corp7,89978.270000618254.731.83%33755137.68113831522.7700000000000.00
06/14/2024WBIFPCAR693718108PACCAR Inc5,641107.100000604151.101.79%33755137.68113831522.7700000000000.00
06/14/2024WBIFCNA126117100CNA Financial Corp13,70743.380000594609.661.76%33755137.68113831522.7700000000000.00
06/14/2024WBIFBCC09739D100Boise Cascade Co4,509130.500000588424.501.74%33755137.68113831522.7700000000000.00
06/14/2024WBIFHAL406216101Halliburton Co16,71233.770000564364.241.67%33755137.68113831522.7700000000000.00
06/14/2024WBIFSLB806857108Schlumberger NV12,52443.810000548676.441.63%33755137.68113831522.7700000000000.00
06/14/2024WBIFRTX75513E101RTX Corp2,531105.030000265830.930.79%33755137.68113831522.7700000000000.00
Fund Goals

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

Prices
As of: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,138,3150.61%
33.940.61%
$29.800.61%
3,0340.61%
-0.08%0.61%
1.04%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
4.40%
-1.53%
9.01%
14.21%
-0.57%
2.93%
Market
4.01%
-1.92%
8.68%
13.82%
-0.68%
2.89%
Performance Quarter End
As of: 03/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
4.27
10.70
10.70
15.70
2.07
3.15
Market
4.54
10.81
10.81
15.89
2.03
3.15

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: 06/14/2024
Security Name Weightings Shares
iShares Broad USD High Yield Corporate Bond ETF
Lam Research Corp
Altria Group Inc
Kinetik Holdings Inc
Cash & Other
Philip Morris International Inc
OneMain Holdings Inc
Tradeweb Markets Inc
T Rowe Price Group Inc
Broadridge Financial Solutions Inc
8.33%
5.35%
5.07%
4.96%
4.61%
4.45%
4.25%
4.20%
4.17%
4.12%
77,320
1,740
38,240
41,772
1,555,481
14,745
29,875
13,981
12,199
7,124
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: 06/12/2024
NAV Daily Change Fact Sheet Holdings
$24.130.25%
$0.060.25%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
06/14/2024WBIGUSHY46435U853iShares Broad USD High Yield Corporate Bond ETF117,41836.3450004267557.219.69%44023038.86183018336.6000000000000.00
06/14/2024WBIGLRCX512807108Lam Research Corp1,8181038.5000001887993.004.29%44023038.86183018336.6000000000000.00
06/14/2024WBIGTW892672106Tradeweb Markets Inc18,513101.4700001878514.114.27%44023038.86183018336.6000000000000.00
06/14/2024WBIGTJX872540109TJX Cos Inc/The17,272108.2600001869866.724.25%44023038.86183018336.6000000000000.00
06/14/2024WBIGMMC571748102Marsh & McLennan Cos Inc8,728209.5000001828516.004.15%44023038.86183018336.6000000000000.00
06/14/2024WBIGAXP025816109American Express Co8,096222.1900001798850.244.09%44023038.86183018336.6000000000000.00
06/14/2024WBIGCHD171340102Church & Dwight Co Inc16,833106.4800001792377.844.07%44023038.86183018336.6000000000000.00
06/14/2024WBIGADP053015103Automatic Data Processing Inc7,212242.8700001751578.443.98%44023038.86183018336.60000000000010096.80
06/14/2024WBIGKBH48666K109KB Home25,22969.4700001752658.633.98%44023038.86183018336.6000000000000.00
06/14/2024WBIGMA57636Q104Mastercard Inc3,877445.0000001725265.003.92%44023038.86183018336.6000000000000.00
06/14/2024WBIGDHI23331A109DR Horton Inc11,984143.4600001719224.643.91%44023038.86183018336.6000000000000.00
06/14/2024WBIGHCA40412C101HCA Healthcare Inc3,691340.2400001255825.842.85%44023038.86183018336.6000000000002436.06
06/14/2024WBIGHPQ40434L105HP Inc30,39636.4500001107934.202.52%44023038.86183018336.6000000000000.00
06/14/2024WBIGPM718172109Philip Morris International Inc9,809101.9800001000321.822.27%44023038.86183018336.6000000000000.00
06/14/2024WBIGKMB494368103Kimberly-Clark Corp6,920139.430000964855.602.19%44023038.86183018336.6000000000000.00
06/14/2024WBIGMO02209S103Altria Group Inc21,11344.770000945229.012.15%44023038.86183018336.60000000000020690.74
06/14/2024WBIGBR11133T103Broadridge Financial Solutions Inc4,825195.410000942853.252.14%44023038.86183018336.6000000000003860.00
06/14/2024WBIGPG742718109Procter & Gamble Co/The5,659166.410000941714.192.14%44023038.86183018336.6000000000000.00
06/14/2024WBIGT00206R102AT&T Inc52,59617.670000929371.322.11%44023038.86183018336.6000000000000.00
06/14/2024WBIGOBDC69121K104Blue Owl Capital Corp56,80615.840000899807.042.04%44023038.86183018336.6000000000000.00
06/14/2024WBIGKNTK02215L209Kinetik Holdings Inc22,13840.050000886626.902.01%44023038.86183018336.6000000000000.00
06/14/2024WBIGOMF68268W103OneMain Holdings Inc18,27548.060000878296.502.00%44023038.86183018336.6000000000000.00
06/14/2024WBIGOKE682680103ONEOK Inc11,13178.760000876677.561.99%44023038.86183018336.6000000000000.00
06/14/2024WBIGGIS370334104General Mills Inc12,78165.610000838561.411.90%44023038.86183018336.6000000000000.00
06/14/2024WBIGPFG74251V102Principal Financial Group Inc10,82977.370000837839.731.90%44023038.86183018336.6000000000000.00
06/14/2024WBIGCSCO17275R102Cisco Systems Inc17,88245.520000813988.641.85%44023038.86183018336.6000000000000.00
06/14/2024WBIGLYBN53745100LyondellBasell Industries NV8,50095.560000812260.001.85%44023038.86183018336.6000000000000.00
06/14/2024WBIGGILD375558103Gilead Sciences Inc12,76262.790000801325.981.82%44023038.86183018336.6000000000009826.74
06/14/2024WBIGIBM459200101International Business Machines Corp4,731169.120000800106.721.82%44023038.86183018336.6000000000000.00
06/14/2024WBIGUGI902681105UGI Corp36,30222.115000802818.731.82%44023038.86183018336.60000000000013613.25
06/14/2024WBIGCHRD674215207Chord Energy Corp4,709165.860000781034.741.77%44023038.86183018336.6000000000000.00
06/14/2024WBIGCVS126650100CVS Health Corp12,36961.030000754880.071.71%44023038.86183018336.6000000000000.00
06/14/2024WBIGWHR963320106Whirlpool Corp7,91392.810000734405.531.67%44023038.86183018336.6000000000000.00
06/14/2024WBIGBMY110122108Bristol-Myers Squibb Co17,49741.480000725775.561.65%44023038.86183018336.6000000000000.00
06/14/2024WBIGUHS913903100Universal Health Services Inc3,659188.180000688550.621.56%44023038.86183018336.6000000000000.00
06/14/2024WBIGCash&OtherCash&OtherCash & Other399,8901.000000399889.750.91%44023038.86183018336.600000000000Y
06/14/2024WBIGAMAT038222105Applied Materials Inc1,430237.550000339696.500.77%44023038.86183018336.6000000000000.00
Fund Goals

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

Prices
As of: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,830,1830.25%
44.170.25%
$24.100.25%
5,5240.25%
-0.14%0.25%
1.04%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
1.93%
-4.22%
5.69%
13.56%
-1.18%
1.23%
Market
1.62%
-4.53%
5.73%
13.32%
-1.28%
1.20%
Performance Quarter End
As of: 03/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
5.07
10.35
10.35
15.93
2.40
1.71
Market
5.22
10.75
10.75
16.03
2.40
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. For most recent month-end performance, please see the monthly performance tab.

WBIG Top Holdings
As of: 06/14/2024
Security Name Weightings Shares
iShares Broad USD High Yield Corporate Bond ETF
Lam Research Corp
Tradeweb Markets Inc
TJX Cos Inc/The
Marsh & McLennan Cos Inc
American Express Co
Church & Dwight Co Inc
Automatic Data Processing Inc
KB Home
Mastercard Inc
9.69%
4.29%
4.27%
4.25%
4.15%
4.09%
4.07%
3.98%
3.98%
3.92%
117,418
1,818
18,513
17,272
8,728
8,096
16,833
7,212
25,229
3,877
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: 06/12/2024
NAV Daily Change Fact Sheet Holdings
$33.590.53%
$0.250.53%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
06/14/2024WBILUSHY46435U853iShares Broad USD High Yield Corporate Bond ETF106,55836.3450003872850.519.81%39484920.93117718223.5400000000000.00
06/14/2024WBILNVDA67066G104NVIDIA Corp17,200129.6100002229292.005.65%39484920.93117718223.5400000000000.00
06/14/2024WBILSPOTL8681T102Spotify Technology SA6,198306.0100001896649.984.80%39484920.93117718223.5400000000000.00
06/14/2024WBILCash&OtherCash&OtherCash & Other1,887,3151.0000001887315.484.78%39484920.93117718223.540000000000Y
06/14/2024WBILADP053015103Automatic Data Processing Inc7,251242.8700001761050.374.46%39484920.93117718223.54000000000010151.40
06/14/2024WBILPGR743315103Progressive Corp/The8,650203.6000001761140.004.46%39484920.93117718223.5400000000000.00
06/14/2024WBILETNG29183103Eaton Corp PLC5,314328.3500001744851.904.42%39484920.93117718223.5400000000000.00
06/14/2024WBILSCI817565104Service Corp International/US22,28472.5300001616258.524.09%39484920.93117718223.5400000000006685.20
06/14/2024WBILAXP025816109American Express Co7,196222.1900001598879.244.05%39484920.93117718223.5400000000000.00
06/14/2024WBILAPO03769M106Apollo Global Management Inc13,710116.2800001594198.804.04%39484920.93117718223.5400000000000.00
06/14/2024WBILUHS913903100Universal Health Services Inc8,411188.1800001582781.984.01%39484920.93117718223.5400000000000.00
06/14/2024WBILKBH48666K109KB Home22,61069.4700001570716.703.98%39484920.93117718223.5400000000000.00
06/14/2024WBILMMC571748102Marsh & McLennan Cos Inc7,343209.5000001538358.503.90%39484920.93117718223.5400000000000.00
06/14/2024WBILAEP025537101American Electric Power Co Inc17,40787.9000001530075.303.88%39484920.93117718223.5400000000000.00
06/14/2024WBILTJX872540109TJX Cos Inc/The13,842108.2600001498534.923.80%39484920.93117718223.5400000000000.00
06/14/2024WBILQCOM747525103QUALCOMM Inc4,052217.810000882566.122.24%39484920.93117718223.5400000000000.00
06/14/2024WBILVST92840M102Vistra Corp9,45288.400000835556.802.12%39484920.93117718223.5400000000000.00
06/14/2024WBILDECK243537107Deckers Outdoor Corp7921030.160000815886.722.07%39484920.93117718223.5400000000000.00
06/14/2024WBILPANW697435105Palo Alto Networks Inc2,543319.660000812895.382.06%39484920.93117718223.5400000000000.00
06/14/2024WBILVRSK92345Y106Verisk Analytics Inc3,107261.850000813567.952.06%39484920.93117718223.5400000000001211.73
06/14/2024WBILCARR14448C104Carrier Global Corp12,16163.990000778182.391.97%39484920.93117718223.5400000000000.00
06/14/2024WBILLRCX512807108Lam Research Corp7251038.500000752912.501.91%39484920.93117718223.5400000000000.00
06/14/2024WBILTW892672106Tradeweb Markets Inc6,826101.470000692634.221.75%39484920.93117718223.5400000000000.00
06/14/2024WBILBR11133T103Broadridge Financial Solutions Inc3,406195.410000665566.461.69%39484920.93117718223.5400000000002724.80
06/14/2024WBILADBE00724F101Adobe Inc1,449458.740000664714.261.68%39484920.93117718223.5400000000000.00
06/14/2024WBILBX09260D107Blackstone Inc5,440122.210000664822.401.68%39484920.93117718223.5400000000000.00
06/14/2024WBILINTU461202103Intuit Inc1,091594.620000648730.421.64%39484920.93117718223.5400000000000.00
06/14/2024WBILFAST311900104Fastenal Co9,26964.290000595904.011.51%39484920.93117718223.5400000000000.00
06/14/2024WBILMOH60855R100Molina Healthcare Inc1,844308.160000568247.041.44%39484920.93117718223.5400000000000.00
06/14/2024WBILMPC56585A102Marathon Petroleum Corp3,244170.510000553134.441.40%39484920.93117718223.5400000000000.00
06/14/2024WBILVOYA929089100Voya Financial Inc5,69771.200000405626.401.03%39484920.93117718223.5400000000000.00
06/14/2024WBILAMAT038222105Applied Materials Inc1,432237.550000340171.600.86%39484920.93117718223.5400000000000.00
06/14/2024WBILPCAR693718108PACCAR Inc2,846107.100000304806.600.77%39484920.93117718223.5400000000000.00
Fund Goals

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

Prices
As of: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1,177,1820.53%
39.540.53%
$33.580.53%
3,0220.53%
-0.04%0.53%
1.05%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
2.61%
-3.11%
8.51%
20.67%
3.92%
3.79%
Market
2.63%
-3.11%
8.70%
20.80%
3.94%
3.80%
Performance Quarter End
As of: 03/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
3.06
11.98
11.98
24.54
7.39
4.20
Market
3.23
12.19
12.19
25.01
7.37
4.21

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: 06/14/2024
Security Name Weightings Shares
iShares Broad USD High Yield Corporate Bond ETF
NVIDIA Corp
Spotify Technology SA
Cash & Other
Automatic Data Processing Inc
Progressive Corp/The
Eaton Corp PLC
Service Corp International/US
American Express Co
Apollo Global Management Inc
9.81%
5.65%
4.80%
4.78%
4.46%
4.46%
4.42%
4.09%
4.05%
4.04%
106,558
17,200
6,198
1,887,315
7,251
8,650
5,314
22,284
7,196
13,710
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.17%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.21%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 8/25/2014
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
1.59%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 7/25/2016
NAV
Market
Performance Quarter End
As of: 03/31/2024
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: 06/14/2024
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: 06/12/2024
NAV Daily Change Fact Sheet Holdings
$29.030.41%
$0.100.41%
DateAccountStockTickerCUSIPSecurityNameSharesPriceMarketValueWeightingsNetAssetsSharesOutstandingCreationUnitsMoneyMarketFlagIncomeByPosition
06/14/2024WBIYBBY086516101Best Buy Co Inc38,26687.7300003357076.185.53%60740820.00210000042.0000000000000.00
06/14/2024WBIYMO02209S103Altria Group Inc71,87044.7700003217619.905.30%60740820.00210000042.00000000000070432.60
06/14/2024WBIYT00206R102AT&T Inc181,76317.6700003211752.215.29%60740820.00210000042.0000000000000.00
06/14/2024WBIYD25746U109Dominion Energy Inc59,87750.6900003035165.135.00%60740820.00210000042.0000000000000.00
06/14/2024WBIYKMI49456B101Kinder Morgan Inc149,86219.7600002961273.124.88%60740820.00210000042.0000000000000.00
06/14/2024WBIYOKE682680103ONEOK Inc37,34378.7600002941134.684.84%60740820.00210000042.0000000000000.00
06/14/2024WBIYDOW260557103Dow Inc51,48356.0600002886136.984.75%60740820.00210000042.0000000000000.00
06/14/2024WBIYKSS500255104Kohl's Corp126,75022.4000002839200.004.67%60740820.00210000042.0000000000000.00
06/14/2024WBIYDIN254423106Dine Brands Global Inc74,24437.8300002808650.524.62%60740820.00210000042.0000000000000.00
06/14/2024WBIYLYBN53745100LyondellBasell Industries NV29,25895.5600002795894.484.60%60740820.00210000042.0000000000000.00
06/14/2024WBIYVZ92343V104Verizon Communications Inc70,08239.7800002787861.964.59%60740820.00210000042.0000000000000.00
06/14/2024WBIYWHR963320106Whirlpool Corp28,51092.8100002646013.104.36%60740820.00210000042.0000000000000.00
06/14/2024WBIYCAG205887102CONAGRA BRANDS INC92,43428.5700002640839.384.35%60740820.00210000042.0000000000000.00
06/14/2024WBIYBMY110122108Bristol-Myers Squibb Co60,21241.4800002497593.764.11%60740820.00210000042.0000000000000.00
06/14/2024WBIYCFG174610105Citizens Financial Group Inc45,74734.4900001577814.032.60%60740820.00210000042.0000000000000.00
06/14/2024WBIYKEY493267108KeyCorp104,66613.6400001427644.242.35%60740820.00210000042.0000000000000.00
06/14/2024WBIYCash&OtherCash&OtherCash & Other1,377,4221.0000001377421.662.27%60740820.00210000042.000000000000Y
06/14/2024WBIYRF7591EP100Regions Financial Corp64,69718.7500001213068.752.00%60740820.00210000042.0000000000000.00
06/14/2024WBIYKHC500754106Kraft Heinz Co/The36,68032.5400001193567.201.97%60740820.00210000042.0000000000000.00
06/14/2024WBIYOGN68622V106Organon & Co48,01220.510000984726.121.62%60740820.00210000042.0000000000000.00
06/14/2024WBIYALE018522300ALLETE Inc14,49463.030000913556.821.50%60740820.00210000042.0000000000000.00
06/14/2024WBIYHESM428103105Hess Midstream LP18,75535.410000664114.551.09%60740820.00210000042.0000000000000.00
06/14/2024WBIYCOLB197236102Columbia Banking System Inc34,13918.640000636350.961.05%60740820.00210000042.0000000000000.00
06/14/2024WBIYBKH092113109Black Hills Corp11,77352.260000615256.981.01%60740820.00210000042.0000000000000.00
06/14/2024WBIYJXN46817M107Jackson Financial Inc7,61572.870000554905.050.91%60740820.00210000042.0000000000000.00
06/14/2024WBIYWU959802109Western Union Co/The44,98512.225000549941.630.91%60740820.00210000042.00000000000010571.48
06/14/2024WBIYCVI12662P108CVR Energy Inc19,15927.210000521316.390.86%60740820.00210000042.0000000000000.00
06/14/2024WBIYPRU744320102Prudential Financial Inc4,579113.970000521868.630.86%60740820.00210000042.0000000000000.00
06/14/2024WBIYVLY919794107Valley National Bancorp76,2876.690000510360.030.84%60740820.00210000042.0000000000000.00
06/14/2024WBIYCWEN18539C204Clearway Energy Inc18,92226.700000505217.400.83%60740820.00210000042.0000000000000.00
06/14/2024WBIYTNL894164102Travel + Leisure Co11,11044.500000494395.000.81%60740820.00210000042.0000000000005555.00
06/14/2024WBIYOMF68268W103OneMain Holdings Inc10,06948.060000483916.140.80%60740820.00210000042.0000000000000.00
06/14/2024WBIYUSB902973304US Bancorp12,43239.260000488080.320.80%60740820.00210000042.0000000000000.00
06/14/2024WBIYFITB316773100Fifth Third Bancorp13,07435.610000465565.140.77%60740820.00210000042.0000000000000.00
06/14/2024WBIYSNV87161C501Synovus Financial Corp12,60837.000000466496.000.77%60740820.00210000042.0000000000000.00
06/14/2024WBIYHBAN446150104Huntington Bancshares Inc/OH37,30712.340000460368.380.76%60740820.00210000042.0000000000000.00
06/14/2024WBIYPNC693475105PNC Financial Services Group Inc/The3,011151.750000456919.250.75%60740820.00210000042.0000000000000.00
06/14/2024WBIYZION989701107Zions Bancorp NA10,84941.340000448497.660.74%60740820.00210000042.0000000000000.00
06/14/2024WBIYFNF31620R303Fidelity National Financial Inc8,65248.530000419881.560.69%60740820.00210000042.0000000000004152.96
06/14/2024WBIYASB045487105Associated Banc-Corp14,87820.160000299940.480.49%60740820.00210000042.0000000000000.00
06/14/2024WBIYRGP76122Q105Resources Connection Inc27,15810.700000290590.600.48%60740820.00210000042.0000000000000.00
06/14/2024WBIYFIBK32055Y201First Interstate BancSystem Inc10,89425.990000283135.060.47%60740820.00210000042.0000000000000.00
06/14/2024WBIYNWN66765N105Northwest Natural Holding Co7,53835.500000267599.000.44%60740820.00210000042.0000000000000.00
06/14/2024WBIYVIRT928254101Virtu Financial Inc9,91223.480000232733.760.38%60740820.00210000042.0000000000000.00
06/14/2024WBIYFULT360271100Fulton Financial Corp11,63616.010000186292.360.31%60740820.00210000042.0000000000000.00
06/14/2024WBIYCVBF126600105CVB Financial Corp10,50616.230000170512.380.28%60740820.00210000042.0000000000000.00
06/14/2024WBIYPFS74386T105Provident Financial Services Inc7,85013.460000105661.000.17%60740820.00210000042.0000000000000.00
06/14/2024WBIYSFNC828730200Simmons First National Corp5,76316.45000094801.350.16%60740820.00210000042.0000000000001210.23
06/14/2024WBIYSASR800363103Sandy Spring Bancorp Inc3,90722.76000088923.320.15%60740820.00210000042.0000000000000.00
06/14/2024WBIYHOPE43940T109Hope Bancorp Inc7,48210.05000075194.100.12%60740820.00210000042.0000000000000.00
06/14/2024WBIYEGBN268948106Eagle Bancorp Inc3,79916.97000064469.030.11%60740820.00210000042.0000000000000.00
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: 06/12/2024
Shares Outstanding Fund Size ($M) Closing Bid/Ask (Midpoint) Daily Volume Premium/Discount Expense Ratio
2,100,0000.41%
60.960.41%
$29.030.41%
2,8700.41%
0.00%0.41%
0.70%
Performance Month End
As of: 05/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
2.17%
-2.88%
3.65%
26.43%
6.56%
7.47%
Market
2.22%
-2.77%
3.93%
26.67%
6.64%
7.50%
Performance Quarter End
As of: 03/31/2024
Name MTD QTD YTD 1 Year 3 Year Since Inception 12/19/2016
NAV
6.28
6.73
6.73
19.91
9.32
8.09
Market
6.24
6.89
6.89
20.03
9.32
8.09

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: 06/14/2024
Security Name Weightings Shares
Best Buy Co Inc
Altria Group Inc
AT&T Inc
Dominion Energy Inc
Kinder Morgan Inc
ONEOK Inc
Dow Inc
Kohl's Corp
Dine Brands Global Inc
LyondellBasell Industries NV
5.53%
5.30%
5.29%
5.00%
4.88%
4.84%
4.75%
4.67%
4.62%
4.60%
38,266
71,870
181,763
59,877
149,862
37,343
51,483
126,750
74,244
29,258
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.