WBIF vs. FPX ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to First Trust IPOX-100 Index Fund (FPX)

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

$29.16

Average Daily Volume

1,052

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FPX

First Trust IPOX-100 Index Fund

FPX Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the IPOX(R)-100 U.S. Index. The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. The index is a modified, value-weighted price index measuring the performance of the top U.S. companies ranked quarterly by market capitalization in the IPOX(R) Global Composite Index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$109.39

Average Daily Volume

19,677

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	FPX
30 Days	-0.28%	5.65%
60 Days	3.44%	16.30%
90 Days	0.79%	9.43%
12 Months	12.47%	35.40%

0 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in FPX	Overlap

WBIF Overweight 69 Positions Relative to FPX

Symbol	Grade	Weight
BDX	B	3.27%
DTE	A	3.26%
UNM	A	3.21%
VOYA	A	3.21%
WRB	B	3.2%
CI	D	3.16%
FIX	A	3.12%
RGA	C	3.09%
UHS	D	3.05%
PRU	C	2.99%
CMS	A	2.98%
OXY	F	2.89%
LRCX	D	1.52%
AMAT	B	1.5%
LEN	B	1.48%
MCK	F	1.48%
AXP	A	1.48%
V	C	1.47%
CSL	A	1.47%
MPC	F	1.46%
PHM	A	1.45%
DHI	C	1.44%
SLB	D	1.43%
ADP	A	1.43%
BYD	C	1.39%
MLI	C	1.38%
PAG	D	1.37%
NXST	D	1.35%
AME	D	1.33%
PAYX	A	1.32%
DKS	D	1.31%
EXP	C	1.29%
BR	B	1.29%
PRI	A	1.28%
RMD	C	1.28%
OC	C	1.28%
G	A	1.27%
R	C	1.26%
HRB	C	1.22%
LPX	A	1.22%
CASY	D	1.22%
TXRH	A	1.2%
KBR	C	1.2%
FLTR	A	0.77%
FALN	A	0.77%
AGZD	B	0.76%
DFS	C	0.72%
FTSL	A	0.7%
SYF	B	0.57%
EG	B	0.57%
ALSN	A	0.57%
DOX	B	0.56%
IPG	C	0.56%
TOL	A	0.56%
AVY	C	0.56%
NEU	F	0.55%
EQH	C	0.55%
STIP	A	0.55%
ALLE	A	0.55%
TTC	D	0.55%
GPI	C	0.55%
DCI	B	0.55%
CBT	B	0.55%
SCI	C	0.54%
THG	C	0.54%
NOV	F	0.53%
GL	C	0.53%
AOS	B	0.43%
BKLN	A	0.32%

WBIF Underweight 84 Positions Relative to FPX

Symbol	Grade	Weight
CARR	A	-7.94%
IOT	C	-7.02%
REGN	D	-6.59%
PLTR	A	-4.55%
CEG	B	-4.44%
DASH	A	-3.85%
KVUE	C	-3.39%
GEV	B	-3.06%
APP	A	-2.86%
DUOL	B	-2.42%
CRWD	D	-2.25%
RBLX	C	-1.88%
ABNB	D	-1.75%
PCVX	B	-1.66%
TPG	B	-1.58%
RKT	C	-1.42%
VRT	B	-1.39%
DTM	A	-1.34%
DKNG	D	-1.25%
VLTO	A	-1.21%
CR	B	-1.19%
HOOD	C	-1.13%
COIN	F	-0.97%
RYAN	A	-0.95%
GEHC	C	-0.94%
CRBG	C	-0.94%
FNF	A	-0.93%
OWL	A	-0.93%
NSIT	B	-0.92%
JXN	A	-0.9%
KNF	C	-0.88%
HQY	C	-0.86%
SNOW	F	-0.84%
NRG	A	-0.82%
VERX	A	-0.79%
AZEK	C	-0.74%
TOST	C	-0.7%
THC	C	-0.7%
UTHR	C	-0.7%
ESAB	C	-0.7%
OSCR	C	-0.67%
COHR	B	-0.6%
NUVL	B	-0.58%
COOP	B	-0.58%
GKOS	B	-0.55%
SOLV	C	-0.53%
DOCS	A	-0.53%
ACT	C	-0.49%
RDDT	B	-0.48%
PSN	A	-0.48%
KNTK	B	-0.47%
TMDX	D	-0.46%
CNX	A	-0.43%
ACLX	C	-0.39%
NPAB	D	-0.39%
SLVM	C	-0.38%
PRCT	C	-0.36%
LNW	F	-0.35%
BSY	D	-0.34%
FOUR	B	-0.34%
SGBX	F	-0.31%
RVMD	B	-0.3%
ROIV	D	-0.3%
ZETA	B	-0.3%
PECO	C	-0.3%
STEP	A	-0.29%
KYMR	D	-0.27%
RBRK	F	-0.25%
KRYS	D	-0.23%
RNA	B	-0.23%
OGN	F	-0.22%
BROS	F	-0.22%
LTH	C	-0.22%
CRDO	B	-0.22%
ITRI	C	-0.21%
VRRM	D	-0.2%
KROS	B	-0.19%
PHIN	C	-0.18%
RXST	F	-0.17%
INTA	C	-0.16%
DYN	D	-0.16%
ACVA	C	-0.15%
GRND	D	-0.14%
FA	A	-0.13%