Social Media Disclosure

SOCIAL MEDIA DISCLOSURE

WBI ETFs, (“WBI”) maintains a social media presence on LinkedIn. However, WBI is not affiliated with LinkedIn and does not endorse, either expressly or implicitly, the content posted by any third party or users of the social media site. Please note that opinions or expressions posted by followers or third parties on WBI’s LinkedIn page do not represent the views of WBI or its management. WBI does not control or endorse any content that LinkedIn may post to the website.

Any investment strategy involves risk, including the possible loss of principal invested. Don Schreiber, Jr., Matt Schreiber, and/or clients of WBI may own stock discussed in social media content. Moreover, you should not assume that any discussion or information provided here serves as the receipt of, or as a substitute for, personalized investment advice from WBI Investments or from any other investment professional. No part of WBI’s social media content is intended to serve as a recommendation or testimonial for any investment product, service, or strategy. Additionally the information posted is not to be construed as solicitation to offer or sell any security. To the extent that you have any questions regarding the applicability of any specific issue discussed to your individual situation, you are encouraged to consult the professional advisor of your choosing.

An investment in the Funds is subject to investment risk, including the possible loss of principal amount invested. 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, 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 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, new fund risk and trading price risk.

Investors should consider the investment objectives, risks, charges, and expenses carefully before investing. For a prospectus and summary prospectus containing this and other information about the Funds, visit www.wbietfs.com/documents or call 1-800-772-5810. Read the prospectus carefully before investing.

WBI’s LinkedIn page may include links to articles, opinions, or information contained on a third party website. WBI is not responsible for and does makes no warranties, express or implied, for the accuracy of any content or use of a third party website and assumes no liability for any errors, inaccuracies or omissions for third party website content. Placement of a link to another website on WBI’s LinkedIn page does not mean that WBI guarantees the authenticity of information on that site. Only follow links after confirming that the security and authenticity of link and linked site are valid.

Please do not disclose any financial or personal information on our or any social media website. WBI will never ask for your account information, passwords, social security number or any other personally identifiable information via a social media page or website. WBI does not guarantee and is not responsible for the security or privacy practices of LinkedIn, or any other third party website. Carefully review LinkedIn’s privacy and security policies prior to posting any content.

WBI’s LinkedIn page and its contents are the property of WBI. Users or followers of the website are restricted to accessing the website for personal use only. Republishing, selling, or distributing any portion of WBI’s LinkedIn Page or its contents is prohibited without WBI’s prior written consent.

It is within WBI’s right and sole discretion to remove any objectionable or inappropriate content and users without notice.

WBI’s LinkedIn page is intended for U.S. residents only.

WBI ETFs trade on the U.S. Stock Exchanges.