WBIF vs. SPVM ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Invesco S&P 500 Value with Momentum ETF (SPVM)

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

$29.40

Average Daily Volume

1,099

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SPVM

Invesco S&P 500 Value with Momentum ETF

SPVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P 500 High Momentum Value Index (the "underlying index"). The fund generally will invest at least 90% of its total assets in the securities that comprise the underlying index. Strictly in accordance with its guidelines and mandated procedures, the index provider compiles, maintains and calculates the underlying index, which is designed to track the performance of approximately 100 stocks in the S&P 500® that have the highest value and momentum scores.

Grade (RS Rating)

Last Trade

$58.78

Average Daily Volume

2,950

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	SPVM
30 Days	2.05%	2.50%
60 Days	7.25%	10.08%
90 Days	1.34%	9.69%
12 Months	13.13%	28.58%

10 Overlapping Holdings

Symbol	Grade	Weight in WBIF	Weight in SPVM	Overlap
CI	D	3.16%	1.04%	1.04%
DHI	C	1.44%	1.35%	1.35%
LEN	C	1.48%	1.26%	1.26%
MCK	F	1.48%	0.81%	0.81%
MPC	D	1.46%	1.4%	1.4%
PHM	C	1.45%	1.23%	1.23%
PRU	B	2.99%	1.08%	1.08%
SYF	A	0.57%	1.47%	0.57%
UHS	D	3.05%	1.14%	1.14%
WRB	C	3.2%	0.79%	0.79%

WBIF Overweight 59 Positions Relative to SPVM

Symbol	Grade	Weight
BDX	C	3.27%
DTE	B	3.26%
UNM	A	3.21%
VOYA	A	3.21%
FIX	A	3.12%
RGA	B	3.09%
CMS	A	2.98%
OXY	D	2.89%
LRCX	D	1.52%
AMAT	C	1.5%
AXP	A	1.48%
V	B	1.47%
CSL	A	1.47%
SLB	D	1.43%
ADP	A	1.43%
BYD	B	1.39%
MLI	B	1.38%
PAG	D	1.37%
NXST	D	1.35%
AME	C	1.33%
PAYX	B	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	C	1.22%
CASY	D	1.22%
TXRH	A	1.2%
KBR	A	1.2%
FLTR	A	0.77%
FALN	B	0.77%
AGZD	A	0.76%
DFS	A	0.72%
FTSL	A	0.7%
EG	A	0.57%
ALSN	A	0.57%
DOX	B	0.56%
IPG	D	0.56%
TOL	C	0.56%
AVY	D	0.56%
NEU	F	0.55%
EQH	B	0.55%
STIP	B	0.55%
ALLE	A	0.55%
TTC	F	0.55%
GPI	C	0.55%
DCI	B	0.55%
CBT	B	0.55%
SCI	D	0.54%
THG	A	0.54%
NOV	F	0.53%
GL	C	0.53%
AOS	C	0.43%
BKLN	A	0.32%

WBIF Underweight 88 Positions Relative to SPVM

Symbol	Grade	Weight
GM	D	-1.95%
BG	F	-1.7%
VLO	F	-1.56%
MTB	A	-1.51%
CINF	A	-1.49%
KR	C	-1.46%
PSX	D	-1.43%
DAL	C	-1.4%
L	C	-1.39%
COF	A	-1.37%
STT	A	-1.35%
HPE	B	-1.33%
BBY	C	-1.32%
AIZ	B	-1.3%
JBL	C	-1.2%
HBAN	B	-1.2%
ACGL	A	-1.17%
AIG	C	-1.17%
BK	A	-1.15%
KEY	B	-1.14%
AFL	A	-1.13%
HIG	A	-1.13%
NRG	A	-1.12%
USB	C	-1.12%
C	B	-1.11%
STLD	C	-1.11%
MOH	F	-1.11%
FDX	F	-1.1%
PNC	C	-1.1%
FITB	C	-1.09%
MET	A	-1.06%
BALL	C	-1.04%
NUE	D	-1.03%
BRK.A	B	-1.03%
HII	F	-1.01%
VTRS	D	-1.01%
COR	F	-0.98%
CE	D	-0.98%
VZ	C	-0.98%
WFC	B	-0.97%
CB	A	-0.97%
BAC	B	-0.97%
TRV	B	-0.97%
BLDR	C	-0.96%
CBRE	C	-0.96%
EMN	C	-0.95%
SW	C	-0.95%
LYB	B	-0.93%
CAH	B	-0.93%
EMR	B	-0.92%
KMI	A	-0.89%
MRO	B	-0.89%
ATO	A	-0.89%
JPM	C	-0.87%
EOG	B	-0.86%
ALL	A	-0.86%
XOM	A	-0.86%
SWK	C	-0.86%
BKR	B	-0.85%
OMC	C	-0.85%
GS	B	-0.85%
EBAY	A	-0.84%
CTSH	B	-0.83%
ELV	F	-0.8%
IP	C	-0.75%
TXT	F	-0.75%
RJF	B	-0.74%
PCAR	D	-0.74%
BXP	B	-0.73%
DGX	D	-0.73%
DUK	C	-0.72%
WMT	A	-0.72%
FANG	D	-0.71%
CMI	A	-0.71%
SNA	C	-0.7%
DOW	B	-0.69%
NCLH	C	-0.69%
CCL	C	-0.69%
HST	D	-0.68%
DVA	C	-0.67%
EQT	C	-0.67%
COP	D	-0.66%
PEG	A	-0.66%
OKE	A	-0.65%
HAL	D	-0.64%
J	F	-0.63%
CTRA	D	-0.63%
SWKS	F	-0.59%