SHE vs. WBIF ETF Comparison

Comparison of SPDR SSGA Gender Diversity Index ETF (SHE) to WBI Large Cap Tactical Value Shares (WBIF)

SHE

SPDR SSGA Gender Diversity Index ETF

SHE Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA Gender Diversity Index, which tracks U.S. companies that are leaders in advancing women through gender diversity on their boards of directors and in management. Under normal market conditions, the fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. In addition, it may invest in equity securities that are not included in the index, cash and cash equivalents or money market instruments. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$117.68

Average Daily Volume

3,465

Number of Holdings ^*

239

* 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

$29.65

Average Daily Volume

1,655

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SHE	WBIF
30 Days	0.28%	-0.06%
60 Days	4.32%	2.03%
90 Days	5.65%	2.58%
12 Months	31.77%	11.21%

11 Overlapping Holdings

Symbol	Grade	Weight in SHE	Weight in WBIF	Overlap
ACN	C	4.39%	4.03%	4.03%
AXP	B	0.65%	1.52%	0.65%
BR	B	0.1%	1.31%	0.1%
CI	D	0.32%	4.2%	0.32%
CMS	C	0.06%	3.96%	0.06%
MCK	A	0.31%	3.91%	0.31%
MMC	D	0.43%	2.12%	0.43%
OXY	F	0.14%	2.86%	0.14%
PRU	B	0.19%	4.0%	0.19%
SYF	B	0.09%	0.72%	0.09%
V	A	1.62%	4.17%	1.62%

SHE Overweight 228 Positions Relative to WBIF

Symbol	Grade	Weight
NVDA	A	4.79%
META	C	4.59%
MSFT	D	4.17%
AAPL	C	4.14%
CSCO	B	4.03%
INTU	B	3.56%
JPM	A	2.69%
LLY	F	2.32%
INTC	C	1.87%
NFLX	A	1.78%
UNH	C	1.75%
PG	C	1.5%
XOM	B	1.46%
JNJ	D	1.41%
BKNG	A	1.33%
ADSK	B	1.25%
TJX	A	1.21%
BAC	A	1.2%
COST	A	1.13%
FTNT	B	1.08%
KO	D	0.99%
CVX	A	0.98%
WFC	A	0.97%
LOW	C	0.96%
SBUX	A	0.94%
CAT	C	0.94%
MRK	F	0.89%
LIN	D	0.89%
VZ	C	0.77%
ABT	A	0.73%
PGR	B	0.67%
MAR	B	0.65%
T	A	0.63%
CMG	C	0.63%
GE	D	0.58%
SPGI	D	0.58%
HUBS	B	0.58%
UBER	F	0.57%
HLT	A	0.53%
HON	B	0.52%
TMUS	B	0.52%
ETN	B	0.51%
C	B	0.51%
RTX	D	0.5%
ANSS	B	0.49%
SCHW	A	0.47%
GDDY	A	0.47%
VRTX	D	0.45%
CDW	F	0.44%
TYL	B	0.44%
NKE	F	0.42%
GILD	C	0.42%
ROST	D	0.41%
MDT	D	0.41%
ABNB	D	0.36%
TT	A	0.34%
LULU	C	0.33%
MCO	D	0.33%
PNC	B	0.32%
DE	C	0.32%
NOC	D	0.31%
ZTS	D	0.31%
RCL	A	0.31%
FLUT	A	0.31%
ITW	B	0.29%
TWLO	A	0.28%
DUK	C	0.27%
TGT	B	0.27%
TSCO	D	0.26%
CL	D	0.26%
BA	D	0.26%
MMM	D	0.25%
CVS	F	0.25%
EQIX	A	0.25%
EMR	A	0.25%
TFC	A	0.24%
COF	B	0.24%
JCI	B	0.24%
CMI	A	0.24%
D	C	0.23%
DHI	D	0.22%
DLR	A	0.22%
AKAM	F	0.22%
SPG	A	0.22%
FDX	B	0.22%
EOG	A	0.21%
WCN	A	0.21%
BK	B	0.21%
VST	A	0.2%
ECL	D	0.2%
NEM	D	0.2%
CARR	D	0.19%
PSA	C	0.19%
AIG	C	0.19%
CHTR	B	0.18%
NSC	B	0.18%
ALL	A	0.18%
PEG	C	0.17%
GWW	B	0.17%
LNG	A	0.17%
SQ	A	0.17%
FIS	C	0.17%
AEP	C	0.16%
O	C	0.16%
ULTA	F	0.16%
HIG	B	0.15%
KR	B	0.15%
BURL	A	0.15%
COR	B	0.15%
PSX	C	0.15%
IDXX	F	0.14%
BKR	B	0.14%
EBAY	D	0.14%
DECK	A	0.14%
MTB	A	0.14%
CSGP	F	0.14%
WSM	D	0.14%
VICI	C	0.14%
ED	C	0.13%
IRM	C	0.13%
GIS	F	0.13%
WTW	B	0.13%
TTD	B	0.13%
EIX	C	0.13%
EXC	C	0.13%
EXR	C	0.12%
STZ	D	0.12%
VLTO	C	0.12%
ALNY	D	0.12%
CNC	F	0.12%
AWK	C	0.12%
XEL	A	0.12%
VTR	B	0.12%
FITB	B	0.12%
EA	A	0.12%
AVB	B	0.11%
WEC	A	0.11%
WAB	B	0.11%
WBD	B	0.11%
APTV	F	0.11%
ROK	B	0.11%
ETR	A	0.11%
XYL	D	0.11%
FANG	D	0.11%
DTE	C	0.11%
DOW	F	0.11%
CAH	B	0.11%
LDOS	C	0.1%
HSY	F	0.1%
FTV	D	0.1%
DD	D	0.1%
GPN	C	0.1%
INVH	D	0.09%
EQR	C	0.09%
HUBB	B	0.09%
BIIB	F	0.09%
BBY	D	0.09%
RF	A	0.09%
TROW	B	0.09%
TTWO	A	0.09%
PPL	A	0.09%
LVS	B	0.09%
NTRS	A	0.08%
AEE	A	0.08%
PFG	C	0.08%
CHD	A	0.08%
ADM	D	0.08%
SW	A	0.08%
ILMN	C	0.08%
DKS	D	0.08%
LPLA	A	0.08%
CLX	A	0.08%
CNP	A	0.08%
OMC	C	0.07%
KMX	C	0.07%
LYB	F	0.07%
PNR	B	0.07%
DG	F	0.07%
J	D	0.07%
SSNC	C	0.07%
EQT	A	0.07%
KEY	B	0.07%
IFF	D	0.07%
KIM	A	0.07%
MAA	A	0.07%
FDS	B	0.07%
WY	D	0.07%
LH	B	0.07%
HST	D	0.06%
UTHR	C	0.06%
OC	A	0.06%
EL	F	0.06%
AMCR	D	0.06%
TRU	D	0.06%
PINS	F	0.06%
MGM	D	0.06%
SJM	D	0.05%
FBIN	F	0.05%
INCY	C	0.05%
RPM	B	0.05%
TXT	D	0.05%
SWK	F	0.05%
IPG	F	0.05%
SNAP	D	0.05%
ACM	B	0.05%
TSN	B	0.05%
DAL	A	0.04%
ALB	B	0.04%
BBWI	C	0.04%
CRL	D	0.04%
Z	A	0.04%
RIVN	F	0.04%
HRL	D	0.04%
OVV	C	0.04%
PARA	D	0.04%
DAY	B	0.04%
AMH	C	0.04%
AIZ	A	0.04%
NBIX	C	0.04%
WYNN	D	0.04%
CPB	D	0.03%
WBA	F	0.03%
CE	F	0.03%
NWSA	B	0.03%
TFX	F	0.03%
LUV	B	0.02%
APA	F	0.02%
ACI	C	0.02%

SHE Underweight 33 Positions Relative to WBIF

Symbol	Grade	Weight
WRB	B	-4.61%
EME	A	-4.41%
AMAT	F	-4.05%
UNM	A	-3.69%
VOYA	B	-3.23%
RGA	B	-3.08%
PM	A	-2.13%
MLI	B	-1.74%
ADP	B	-1.56%
NXST	C	-1.49%
AME	A	-1.42%
LRCX	F	-1.42%
PAYX	B	-1.41%
PRI	A	-1.37%
G	B	-1.34%
TXRH	B	-1.31%
CASY	A	-1.31%
RMD	C	-1.3%
FLTR	A	-0.75%
AGZD	A	-0.74%
FALN	A	-0.74%
ALSN	B	-0.68%
FTSL	A	-0.68%
EQH	B	-0.61%
CBT	C	-0.57%
DOX	D	-0.57%
DCI	B	-0.56%
THG	A	-0.56%
TOL	B	-0.54%
GL	C	-0.54%
ALLE	D	-0.53%
STIP	A	-0.53%
BKLN	A	-0.31%