WBIF vs. UDI ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to USCF Dividend Income Fund (UDI)

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

$29.71

Average Daily Volume

1,657

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UDI

USCF Dividend Income Fund

UDI Description

USCF ESG Dividend Income Fund is an exchange traded fund launched and managed by USCF Advisers LLC. It is co-managed by Miller/Howard Investments, Inc. The fund invests in the public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. It employs fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. The fund does not invest in stocks of companies operating across tobacco, firearms, controversial weapons, human rights violations or environmental abuses sectors. USCF ESG Dividend Income Fund is domiciled in the United States.

Grade (RS Rating)

Last Trade

$30.24

Average Daily Volume

4,790

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	UDI
30 Days	1.19%	0.78%
60 Days	2.26%	1.93%
90 Days	3.28%	5.30%
12 Months	11.64%	27.17%

1 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in UDI	Overlap
	PAYX	B	1.39%	4.4%	1.39%

WBIF Overweight 42 Positions Relative to UDI

Symbol	Grade	Weight
WRB	A	4.74%
UHS	D	4.68%
FIX	A	4.58%
KBH	D	4.54%
NXST	D	4.43%
V	A	4.26%
CI	D	4.26%
DKS	D	4.24%
PRU	B	4.14%
ACN	B	3.98%
UNM	A	3.93%
MCK	A	3.93%
AMAT	F	3.55%
RGA	B	3.26%
VOYA	B	3.26%
OXY	D	2.81%
PHM	D	2.6%
MMC	D	2.12%
CF	A	1.86%
ADP	B	1.53%
AXP	B	1.53%
AME	A	1.46%
G	B	1.44%
PRI	B	1.42%
BR	B	1.36%
TXRH	B	1.33%
CASY	A	1.28%
RMD	C	1.23%
FLTR	A	0.76%
FALN	A	0.75%
AGZD	A	0.75%
FTSL	A	0.69%
ALSN	B	0.67%
THG	A	0.59%
DCI	B	0.56%
GL	C	0.55%
STIP	A	0.54%
TOL	B	0.54%
ALLE	D	0.53%
CBT	C	0.53%
DOX	D	0.52%
BKLN	A	0.32%

WBIF Underweight 30 Positions Relative to UDI

Symbol	Grade	Weight
JEF	A	-5.31%
GS	B	-4.9%
GILD	B	-4.57%
ORI	A	-4.43%
JPM	B	-4.33%
BK	B	-4.28%
JNJ	D	-4.09%
KO	D	-3.86%
CSCO	B	-3.7%
MDT	D	-3.65%
ABBV	F	-3.47%
CMCSA	B	-3.41%
EWBC	A	-3.31%
HST	D	-2.6%
LAMR	D	-2.58%
ASB	B	-2.57%
IPG	D	-2.54%
BAC	A	-2.51%
CME	A	-2.35%
TXN	C	-2.26%
USB	A	-2.23%
RHI	C	-2.02%
STAG	D	-1.8%
MRK	F	-1.8%
GSK	F	-1.71%
OMC	D	-1.69%
TGT	F	-1.56%
CAG	D	-1.56%
RDN	D	-1.43%
SON	D	-1.4%