EQTY vs. WBIF ETF Comparison

Comparison of Kovitz Core Equity ETF (EQTY) to WBI Large Cap Tactical Value Shares (WBIF)

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$22.58

Average Daily Volume

48,447

Number of Holdings ^*

* may have additional holdings in another (foreign) market

WBIF

WBI Large Cap Tactical Value Shares

WBIF Description

The investment seeks long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the equity securities of large capitalization domestic and foreign companies which WBI Investments, Inc., the sub-advisor to the fund and an affiliate of Millington Securities Inc., the advisor, believes display an attractive discount in a company's intrinsic value relative to its market price, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$29.13

Average Daily Volume

840

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EQTY	WBIF
30 Days	1.94%	1.81%
60 Days	2.45%	-0.66%
90 Days	4.61%	-1.86%
12 Months	21.20%	6.47%

1 Overlapping Holdings

	Symbol	Grade	Weight in EQTY	Weight in WBIF	Overlap
	BDX	D	4.51%	4.0%	4.0%

EQTY Overweight 9 Positions Relative to WBIF

Symbol	Grade	Weight
META	B	4.61%
GOOG	D	4.53%
AMZN	C	4.31%
AXP	B	4.3%
KEYS	C	4.18%
J	D	4.07%
PM	B	4.05%
ICE	B	3.72%
BRK.A	C	3.63%

EQTY Underweight 23 Positions Relative to WBIF

Symbol	Grade	Weight
WRB	C	-4.87%
ADP	A	-4.61%
CI	B	-4.56%
HIG	B	-4.54%
BX	A	-4.52%
HCA	A	-4.48%
BR	B	-4.22%
GWW	B	-4.17%
PANW	C	-4.07%
ADBE	D	-4.0%
CDW	D	-3.99%
NFLX	B	-3.96%
AAPL	D	-3.93%
SO	A	-3.92%
DECK	C	-3.83%
HYLB	A	-3.8%
INTU	C	-3.75%
DUK	B	-3.51%
QCOM	D	-3.23%
LRCX	F	-2.83%
CRM	D	-2.76%
TRV	A	-2.53%
CHRW	C	-1.12%