WBIF vs. IGV ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to iShares Expanded Tech-Software Sector ETF (IGV)

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

$29.06

Average Daily Volume

1,535

Number of Holdings ^*

* may have additional holdings in another (foreign) market

IGV

iShares Expanded Tech-Software Sector ETF

IGV Description

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P North American Technology Software IndexTM (the "underlying index"). The fund generally invests at least 90% of its assets in securities of the underlying index and in depositary receipts representing securities of the underlying index. The underlying index measures the performance of U.S.-traded stocks of software-related companies in the United States and Canada. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$88.91

Average Daily Volume

3,643,489

Number of Holdings ^*

115

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	IGV
30 Days	-2.02%	11.08%
60 Days	-0.13%	8.44%
90 Days	-3.60%	5.63%
12 Months	2.76%	30.58%

2 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in IGV	Overlap
	INTU	A	4.21%	7.13%	4.21%
	PANW	B	2.98%	4.4%	2.98%

WBIF Overweight 23 Positions Relative to IGV

Symbol	Grade	Weight
LRCX	B	5.51%
USHY	A	5.04%
TW	C	4.44%
BR	B	4.28%
UHS	C	4.26%
DKS	C	4.24%
RGA	C	4.09%
BX	C	4.09%
AAPL	A	4.02%
CRBG	C	4.0%
CHD	C	3.99%
HIG	C	3.94%
FIX	D	3.93%
ADP	D	3.93%
VOYA	D	3.9%
PHM	D	3.89%
DECK	C	3.81%
PAYX	D	3.76%
META	A	3.71%
QCOM	B	3.5%
V	C	2.59%
AFL	B	1.02%
RJF	D	0.93%

WBIF Underweight 113 Positions Relative to IGV

Symbol	Grade	Weight
ADBE	B	-9.79%
CRM	C	-8.85%
MSFT	A	-8.23%
ORCL	A	-8.1%
NOW	A	-4.68%
SNPS	B	-3.72%
CRWD	B	-3.55%
CDNS	B	-3.45%
ROP	B	-2.41%
ADSK	B	-2.12%
PLTR	A	-2.05%
WDAY	D	-1.93%
DDOG	B	-1.62%
FTNT	C	-1.55%
FICO	A	-1.51%
EA	B	-1.35%
HUBS	C	-1.19%
TEAM	C	-1.16%
ANSS	C	-1.14%
TTWO	C	-0.98%
PTC	B	-0.88%
TYL	A	-0.86%
MSTR	D	-0.83%
ZS	B	-0.71%
SNAP	B	-0.67%
ZM	F	-0.61%
MANH	B	-0.6%
APP	B	-0.6%
NTNX	C	-0.58%
GEN	B	-0.55%
BSY	D	-0.46%
GWRE	A	-0.46%
DT	F	-0.44%
DOCU	C	-0.44%
ESTC	B	-0.38%
DSGX	B	-0.34%
OTEX	C	-0.33%
SPSC	B	-0.29%
CFLT	C	-0.28%
IOT	C	-0.27%
PCOR	C	-0.25%
MARA	C	-0.24%
SMAR	B	-0.24%
S	C	-0.23%
AZPN	D	-0.22%
CVLT	B	-0.22%
DBX	D	-0.22%
ALTR	B	-0.22%
GTLB	C	-0.22%
BILL	F	-0.21%
APPF	B	-0.21%
TENB	C	-0.21%
PATH	D	-0.21%
QLYS	D	-0.21%
VRNS	B	-0.21%
DLB	D	-0.19%
HCP	A	-0.19%
U	F	-0.16%
ACIW	A	-0.16%
QTWO	B	-0.15%
CCCS	D	-0.15%
BOX	D	-0.15%
CLSK	D	-0.15%
WK	F	-0.14%
ALRM	C	-0.13%
FIVN	D	-0.13%
TDC	C	-0.13%
CWAN	B	-0.12%
ENV	C	-0.12%
IDCC	A	-0.12%
BLKB	D	-0.12%
RPD	C	-0.11%
ZETA	B	-0.11%
AI	B	-0.11%
DV	D	-0.11%
FRSH	D	-0.1%
BL	D	-0.1%
PEGA	D	-0.1%
RIOT	D	-0.1%
BRZE	D	-0.09%
AUR	C	-0.09%
RNG	F	-0.09%
PRGS	B	-0.09%
LSPD	F	-0.08%
NCNO	B	-0.08%
VRNT	C	-0.08%
AGYS	B	-0.08%
RAMP	C	-0.08%
PD	C	-0.08%
YOU	B	-0.07%
VERX	B	-0.07%
VYX	C	-0.07%
SPT	D	-0.07%
EVBG	B	-0.06%
INTA	C	-0.06%
ASAN	D	-0.05%
PRO	F	-0.05%
CXM	D	-0.05%
ADEA	C	-0.05%
ALKT	B	-0.05%
APPN	D	-0.05%
PWSC	B	-0.05%
BB	F	-0.05%
ZUO	C	-0.05%
ATEN	C	-0.04%
AVPT	B	-0.04%
JAMF	C	-0.04%
NABL	B	-0.04%
MTTR	C	-0.04%
SWI	B	-0.03%
ETWO	C	-0.03%
SEMR	C	-0.02%
MLNK	C	-0.02%