WBIF vs. RNSC ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to First Trust Small Cap US Equity Select ETF (RNSC)

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

$28.98

Average Daily Volume

1,507

Number of Holdings ^*

* may have additional holdings in another (foreign) market

RNSC

First Trust Small Cap US Equity Select ETF

RNSC Description

The Small Cap US Equity Select ETF (the "Fund") seeks investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of an equity index called the Nasdaq Riskalyze Small Cap US Equity Select Index (the "Index"). The Fund will normally invest at least 90% of its net assets (including investment borrowings) in common stocks that comprise the Index. The Fund, using an indexing investment approach, attempts to replicate, before fees and expenses, the performance of the Index. The Fund's investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Fund's performance and the performance of the Index; a figure of 1.00 would represent perfect correlation. The Index is owned and is developed, maintained and sponsored by Riskalyze, Inc. (the "Index Provider").

Grade (RS Rating)

Last Trade

$27.30

Average Daily Volume

11,866

Number of Holdings ^*

307

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	RNSC
30 Days	-2.26%	-3.22%
60 Days	0.39%	-1.34%
90 Days	-3.36%	-2.55%
12 Months	1.31%	1.72%

0 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in RNSC	Overlap

WBIF Overweight 25 Positions Relative to RNSC

Symbol	Grade	Weight
LRCX	A	5.51%
USHY	B	5.04%
TW	C	4.44%
BR	B	4.28%
UHS	B	4.26%
DKS	C	4.24%
INTU	B	4.21%
RGA	B	4.09%
BX	C	4.09%
AAPL	A	4.02%
CRBG	C	4.0%
CHD	D	3.99%
HIG	C	3.94%
FIX	C	3.93%
ADP	D	3.93%
VOYA	D	3.9%
PHM	D	3.89%
DECK	C	3.81%
PAYX	D	3.76%
META	B	3.71%
QCOM	B	3.5%
PANW	B	2.98%
V	D	2.59%
AFL	B	1.02%
RJF	D	0.93%

WBIF Underweight 307 Positions Relative to RNSC

Symbol	Grade	Weight
LMAT	B	-3.52%
NHC	A	-3.23%
PDCO	F	-2.44%
CNMD	F	-2.39%
PINC	F	-2.36%
USPH	F	-2.34%
CTS	D	-1.37%
PRGS	B	-1.29%
VSH	D	-1.24%
CNXN	D	-1.23%
YOU	B	-1.13%
SSTK	F	-1.06%
CSGS	F	-1.01%
XRX	F	-0.87%
TDS	B	-0.63%
IDCC	A	-0.54%
SHEN	D	-0.46%
CEIX	B	-0.42%
NSSC	A	-0.42%
CABO	F	-0.41%
PRDO	C	-0.41%
CRK	C	-0.41%
PRIM	D	-0.39%
USLM	B	-0.39%
KNTK	A	-0.38%
WHD	B	-0.38%
CAKE	C	-0.38%
ABM	B	-0.37%
B	B	-0.37%
REVG	C	-0.37%
CSWI	A	-0.37%
MLKN	D	-0.37%
BOWL	C	-0.37%
AROC	B	-0.37%
MWA	C	-0.36%
LNN	D	-0.36%
JWN	B	-0.36%
BRC	B	-0.36%
STRA	C	-0.36%
INSW	B	-0.36%
SHOO	C	-0.35%
TRN	C	-0.35%
EPAC	B	-0.35%
CRC	B	-0.35%
PHIN	C	-0.35%
HLIO	D	-0.35%
GVA	B	-0.35%
APOG	C	-0.35%
ARCH	C	-0.34%
LEVI	D	-0.34%
HNI	B	-0.34%
SCS	B	-0.34%
PRG	D	-0.34%
SNDR	B	-0.34%
AZZ	D	-0.33%
POWL	D	-0.33%
KFY	B	-0.33%
ICFI	D	-0.33%
DAN	F	-0.33%
SAH	D	-0.33%
HTLD	C	-0.33%
PSMT	D	-0.33%
CRS	B	-0.33%
WINA	F	-0.33%
LZB	C	-0.33%
TGNA	D	-0.32%
RRR	B	-0.32%
AESI	D	-0.32%
ESE	D	-0.32%
SCHL	F	-0.32%
MRTN	C	-0.32%
HUBG	B	-0.32%
UNF	B	-0.32%
BDC	C	-0.32%
TRS	D	-0.31%
FL	D	-0.31%
TNL	D	-0.31%
TGLS	D	-0.31%
BKE	D	-0.31%
GBX	C	-0.31%
GHC	C	-0.31%
MCRI	C	-0.31%
AIN	D	-0.3%
CDRE	B	-0.3%
WERN	D	-0.3%
OXM	D	-0.3%
JBT	F	-0.3%
KMT	F	-0.3%
GDEN	F	-0.29%
KFRC	D	-0.29%
CCS	F	-0.29%
SXI	D	-0.29%
GFF	D	-0.29%
PATK	C	-0.29%
DK	D	-0.29%
RES	F	-0.29%
MATW	F	-0.28%
NPO	D	-0.28%
GEF	F	-0.28%
CAL	D	-0.28%
LCII	F	-0.28%
VAC	F	-0.27%
EVTC	F	-0.27%
KSS	F	-0.27%
HWKN	A	-0.26%
PTVE	D	-0.26%
JACK	F	-0.26%
WOR	F	-0.26%
HI	F	-0.26%
TNC	D	-0.26%
SLVM	C	-0.25%
WGO	F	-0.25%
CMCO	F	-0.25%
CRI	F	-0.25%
SXT	D	-0.24%
GIC	F	-0.24%
NX	F	-0.24%
STEP	A	-0.24%
ARCB	D	-0.24%
DNUT	F	-0.24%
PZZA	F	-0.24%
MTX	B	-0.24%
ALG	F	-0.24%
BLMN	F	-0.23%
ALGT	F	-0.23%
CWEN	D	-0.23%
WNC	D	-0.23%
HTLF	B	-0.23%
CWT	D	-0.22%
VCTR	C	-0.22%
CWH	D	-0.22%
GES	F	-0.22%
HEES	F	-0.22%
HL	D	-0.22%
VSTS	F	-0.21%
AWR	D	-0.21%
CPK	C	-0.21%
OEC	F	-0.21%
MSEX	D	-0.21%
FWRD	D	-0.21%
VIRT	C	-0.21%
CASH	B	-0.21%
PIPR	A	-0.21%
IOSP	D	-0.21%
KALU	C	-0.21%
PJT	A	-0.21%
SJW	F	-0.2%
TRMK	C	-0.2%
FULT	D	-0.2%
MGEE	D	-0.2%
BGC	C	-0.2%
CBRL	F	-0.2%
NWN	F	-0.2%
SMG	D	-0.2%
NNI	C	-0.2%
ABR	B	-0.2%
WS	C	-0.2%
SR	C	-0.2%
PNM	D	-0.2%
AVA	D	-0.2%
NWE	D	-0.2%
SCL	D	-0.2%
CATY	C	-0.19%
SRCE	B	-0.19%
PEBO	C	-0.19%
BANR	B	-0.19%
IBOC	C	-0.19%
CNO	B	-0.19%
FBK	B	-0.19%
SYBT	B	-0.19%
OFG	B	-0.19%
PRK	B	-0.19%
VBTX	B	-0.19%
CHCO	B	-0.19%
LADR	A	-0.19%
MCY	C	-0.19%
STBA	B	-0.19%
SASR	B	-0.19%
WSFS	B	-0.19%
BKU	B	-0.19%
KW	C	-0.19%
JJSF	B	-0.19%
FBP	A	-0.19%
LEG	F	-0.19%
NBTB	B	-0.19%
NBHC	B	-0.19%
TCBK	B	-0.19%
PPBI	D	-0.18%
FHB	C	-0.18%
PMT	C	-0.18%
FHI	B	-0.18%
EIG	B	-0.18%
NIC	B	-0.18%
PFS	D	-0.18%
TPG	D	-0.18%
AKR	A	-0.18%
STC	C	-0.18%
NSA	B	-0.18%
ASB	C	-0.18%
EPC	B	-0.18%
LTC	A	-0.18%
HASI	D	-0.18%
WAFD	C	-0.18%
UE	A	-0.18%
RNST	C	-0.18%
CBU	B	-0.18%
GBDC	C	-0.18%
WD	D	-0.18%
CVBF	C	-0.18%
IIPR	B	-0.18%
UCBI	D	-0.18%
MTRN	D	-0.18%
TOWN	C	-0.18%
EFSC	B	-0.18%
PFBC	C	-0.18%
DEA	B	-0.18%
HTH	C	-0.18%
NWBI	B	-0.18%
WABC	C	-0.18%
NHI	A	-0.18%
BHLB	B	-0.18%
FFBC	C	-0.18%
BUSE	B	-0.18%
IBTX	B	-0.18%
FCF	B	-0.18%
EXPI	F	-0.18%
EBC	B	-0.18%
FIBK	B	-0.18%
BANF	D	-0.18%
SITC	A	-0.17%
HE	F	-0.17%
APAM	D	-0.17%
AAT	B	-0.17%
ARI	D	-0.17%
VRTS	C	-0.17%
MPW	F	-0.17%
HMN	D	-0.17%
LKFN	D	-0.17%
CODI	C	-0.17%
LXP	B	-0.17%
HOPE	C	-0.17%
AUB	C	-0.17%
FCPT	B	-0.17%
AGM	B	-0.17%
BNL	B	-0.17%
WSBC	C	-0.17%
SAFT	D	-0.17%
SLG	B	-0.17%
ENR	C	-0.17%
ALEX	B	-0.17%
SBCF	D	-0.17%
BOH	D	-0.17%
MBIN	D	-0.17%
ALX	B	-0.17%
INDB	D	-0.17%
RC	D	-0.17%
CTRE	B	-0.17%
SBRA	A	-0.17%
CALM	B	-0.17%
FRME	C	-0.17%
OCFC	B	-0.17%
MMI	D	-0.16%
CMTG	D	-0.16%
UVV	F	-0.16%
GNL	D	-0.16%
SHO	D	-0.16%
JOE	D	-0.16%
XHR	D	-0.16%
PLYM	B	-0.16%
JBGS	B	-0.16%
UMH	A	-0.16%
VGR	B	-0.16%
DEI	C	-0.16%
FBNC	C	-0.16%
IVT	D	-0.16%
GTY	D	-0.16%
SPB	D	-0.16%
ROIC	C	-0.16%
TR	C	-0.16%
PGRE	C	-0.16%
HIW	B	-0.16%
SFNC	D	-0.16%
WMK	D	-0.16%
MGPI	F	-0.15%
DRH	D	-0.15%
ANDE	F	-0.15%
PEB	F	-0.15%
NTST	D	-0.15%
KOP	F	-0.15%
IMKTA	F	-0.15%
ESRT	C	-0.15%
KLG	D	-0.15%
BANC	D	-0.15%
LOB	F	-0.15%
NAVI	D	-0.15%
NMRK	C	-0.15%
UTZ	D	-0.15%
SKT	D	-0.15%
RLJ	F	-0.14%
OUT	C	-0.14%
FDP	F	-0.14%
PK	D	-0.14%
HPP	D	-0.13%
RYI	F	-0.13%
DBRG	D	-0.12%
SVC	D	-0.12%
UNIT	F	-0.08%