SDY vs. WBIF ETF Comparison

Comparison of SPDR S&P Dividend ETF (SDY) to WBI Large Cap Tactical Value Shares (WBIF)

SDY

SPDR S&P Dividend ETF

SDY Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index. In seeking to track the performance of the S&P High Yield Dividend Aristocrats Index, the fund employs a sampling strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index is designed to measure the performance of the highest dividend yielding S&P Composite 1500® Index constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 20 consecutive years. It is non-diversified.

Grade (RS Rating)

Last Trade

$142.31

Average Daily Volume

183,834

Number of Holdings ^*

132

* 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

$30.24

Average Daily Volume

1,622

Number of Holdings ^*

43

* may have additional holdings in another (foreign) market

Performance

Period	SDY	WBIF
30 Days	0.70%	3.91%
60 Days	0.90%	3.66%
90 Days	3.52%	4.44%
12 Months	23.08%	13.34%

4 Overlapping Holdings

	Symbol	Grade	Weight in SDY	Weight in WBIF	Overlap
	ADP	B	1.03%	1.53%	1.03%
	CASY	A	0.28%	1.28%	0.28%
	DCI	B	0.52%	0.56%	0.52%
	WRB	A	0.29%	4.74%	0.29%

SDY Overweight 128 Positions Relative to WBIF

	Symbol	Grade	Weight
	CVX	A	2.34%
	O	D	2.21%
	KVUE	A	1.81%
	XEL	A	1.78%
	EIX	B	1.74%
	WEC	A	1.72%
	KMB	D	1.68%
	XOM	B	1.61%
	ADM	D	1.51%
	MDT	D	1.48%
	TGT	F	1.48%
	SO	D	1.48%
	TROW	B	1.46%
	PEP	F	1.45%
	JNJ	D	1.43%
	ED	D	1.42%
	IBM	C	1.42%
	ABBV	D	1.36%
	SYY	B	1.32%
	TXN	C	1.31%
	CINF	A	1.29%
	ES	D	1.28%
	KO	D	1.23%
	CLX	B	1.22%
	GPC	D	1.21%
	ITW	B	1.2%
	APD	A	1.2%
	ATO	A	1.18%
	FAST	B	1.17%
	PG	A	1.16%
	EMR	A	1.13%
	MCD	D	1.11%
	NEE	D	1.11%
	BBY	D	1.09%
	ESS	B	1.08%
	LMT	D	1.0%
	PPG	F	0.98%
	QCOM	F	0.97%
	CAH	B	0.97%
	MKC	D	0.96%
	ABT	B	0.96%
	MCHP	D	0.96%
	LHX	C	0.96%
	CL	D	0.9%
	LNT	A	0.88%
	GD	F	0.88%
	AFL	B	0.88%
	AMCR	D	0.85%
	EVRG	A	0.84%
	LOW	D	0.84%
	SWK	D	0.81%
	RPM	A	0.79%
	NKE	D	0.78%
	CHRW	C	0.76%
	WM	A	0.75%
	NUE	C	0.74%
	BDX	F	0.73%
	NOC	D	0.72%
	ADI	D	0.72%
	CAT	B	0.71%
	SJM	D	0.69%
	ALB	C	0.69%
	LECO	B	0.66%
	GGG	B	0.63%
	CB	C	0.61%
	NDSN	B	0.6%
	RSG	A	0.59%
	CHD	B	0.58%
	DOV	A	0.58%
	AOS	F	0.57%
	JKHY	D	0.57%
	ATR	B	0.56%
	EXPD	D	0.55%
	WTRG	B	0.54%
	LIN	D	0.54%
	ORI	A	0.52%
	RGLD	C	0.51%
	TTC	D	0.51%
	WMT	A	0.51%
	PNR	A	0.5%
	HRL	D	0.49%
	FDS	B	0.48%
	FRT	B	0.48%
	CBSH	A	0.46%
	NNN	D	0.45%
	PB	A	0.44%
	CFR	B	0.44%
	SEIC	B	0.42%
	ERIE	D	0.42%
	CSL	C	0.42%
	GWW	B	0.42%
	ECL	D	0.42%
	MSA	D	0.4%
	RLI	B	0.4%
	CTAS	B	0.39%
	BEN	C	0.38%
	SHW	A	0.38%
	SPGI	C	0.36%
	BMI	B	0.33%
	UBSI	B	0.32%
	NFG	A	0.31%
	UGI	A	0.3%
	UMBF	B	0.3%
	SON	D	0.29%
	NJR	A	0.28%
	OZK	B	0.28%
	ROP	B	0.27%
	RNR	C	0.27%
	BRO	B	0.26%
	OGS	A	0.25%
	BKH	A	0.25%
	FLO	D	0.25%
	FELE	B	0.24%
	FUL	F	0.24%
	SR	A	0.23%
	PII	D	0.23%
	PRGO	B	0.22%
	LANC	C	0.2%
	CBU	B	0.2%
	ABM	B	0.19%
	CWT	D	0.18%
	AWR	B	0.18%
	BRC	D	0.18%
	CPK	A	0.17%
	AVA	A	0.17%
	WST	C	0.12%
	SJW	D	0.1%
	SCL	C	0.1%

SDY Underweight 39 Positions Relative to WBIF

	Symbol	Grade	Weight
	UHS	D	-4.68%
	FIX	A	-4.58%
	KBH	D	-4.54%
	NXST	C	-4.43%
	V	A	-4.26%
	CI	F	-4.26%
	DKS	C	-4.24%
	PRU	A	-4.14%
	ACN	C	-3.98%
	UNM	A	-3.93%
	MCK	B	-3.93%
	AMAT	F	-3.55%
	RGA	A	-3.26%
	VOYA	B	-3.26%
	OXY	D	-2.81%
	PHM	D	-2.6%
	MMC	B	-2.12%
	CF	B	-1.86%
	AXP	A	-1.53%
	AME	A	-1.46%
	G	B	-1.44%
	PRI	A	-1.42%
	PAYX	C	-1.39%
	BR	A	-1.36%
	TXRH	C	-1.33%
	RMD	C	-1.23%
	FLTR	A	-0.76%
	FALN	B	-0.75%
	AGZD	A	-0.75%
	FTSL	B	-0.69%
	ALSN	B	-0.67%
	THG	A	-0.59%
	GL	B	-0.55%
	STIP	C	-0.54%
	TOL	B	-0.54%
	ALLE	D	-0.53%
	CBT	C	-0.53%
	DOX	D	-0.52%
	BKLN	A	-0.32%

SDY: Top Represented Industries & Keywords

Industries: Diversified Industrials Utilities - Regulated Electric Specialty Chemicals Banks - Regional - US Household & Personal Products Utilities - Regulated Gas Packaged Foods Business Services Insurance - Property & Casualty Semiconductors Utilities - Regulated Water Aerospace & Defense Asset Management Packaging & Containers REIT - Retail Tools & Accessories Beverages - Soft Drinks Capital Markets Discount Stores Drug Manufacturers - Major

Keywords: S&P 500 Natural Gas Chemical Electricity Mining Insurance Nasdaq 100 Beverage Dow Jones Component Electronics Aerospace Bank Banking Oil And Gas Plastic Adhesives Sealant Consumer Electronics Consumer Products Insurance Products

WBIF: Top Represented Industries & Keywords

Industries: Business Services Insurance - Life Residential Construction Credit Services Diversified Industrials Insurance - Property & Casualty Agricultural Inputs Asset Management Auto Parts Broadcasting - TV Engineering & Construction Grocery Stores Health Care Plans Information Technology Services Insurance - Reinsurance Insurance Brokers Medical Care Medical Distribution Medical Instruments & Supplies Oil & Gas E&P

Keywords: S&P 500 Insurance Disability Exchange Traded Fund Life Insurance ETF Bond Chemical Critical Illness Customer Relationship Management Employee Benefits Financial Products Health Insurance Homebuilder Human Resources Insurance Broker Insurance Products Nasdaq 100 Payment Systems Retirement Services