WBIF vs. UTRN ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Vesper US Large Cap Short-Term Reversal Strategy ETF (UTRN)

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

$28.83

Average Daily Volume

1,170

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UTRN

Vesper US Large Cap Short-Term Reversal Strategy ETF

UTRN Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index (the 'index'). The fund will normally invest at least 80% of its total assets in securities of the index. The index is designed to measure the performance of a portfolio of 25 stocks selected from the S&P 500 that Vesper Capital Management, LLC believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm ("Chow's Ratio" or "Algorithm").

Grade (RS Rating)

Last Trade

$30.57

Average Daily Volume

1,563

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	UTRN
30 Days	-1.15%	0.74%
60 Days	-1.44%	3.86%
90 Days	2.24%	10.29%
12 Months	11.03%	39.44%

1 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in UTRN	Overlap
	AME	A	1.28%	4.0%	1.28%

WBIF Overweight 61 Positions Relative to UTRN

Symbol	Grade	Weight
BDX	C	4.77%
WRB	C	4.7%
CI	D	4.29%
PRU	B	4.15%
DTE	C	3.71%
UNM	A	3.47%
VOYA	B	3.33%
FIX	B	3.3%
RGA	C	3.05%
CMS	C	3.05%
PM	A	2.33%
EME	A	2.22%
MLI	A	1.55%
MCK	C	1.52%
CSL	C	1.52%
ADP	A	1.52%
V	A	1.51%
AXP	A	1.48%
SLB	F	1.42%
PAYX	B	1.4%
MPC	F	1.37%
NXST	A	1.37%
BYD	A	1.36%
LEN	D	1.36%
DHI	D	1.36%
PHM	D	1.35%
LRCX	F	1.34%
PRI	B	1.34%
OC	B	1.33%
BR	C	1.32%
EXP	B	1.29%
RMD	A	1.27%
CASY	A	1.27%
KBR	B	1.26%
G	C	1.26%
R	A	1.25%
TXRH	A	1.23%
HRB	D	1.15%
LPX	D	1.14%
FLTR	A	0.77%
FALN	C	0.76%
AGZD	A	0.76%
DFS	A	0.75%
FTSL	A	0.7%
SYF	B	0.63%
EQH	B	0.59%
ALSN	A	0.58%
ALLE	C	0.58%
DOX	B	0.57%
THG	B	0.56%
GL	C	0.56%
CBT	B	0.55%
STIP	B	0.55%
EG	F	0.55%
DCI	B	0.55%
TOL	C	0.53%
IPG	F	0.53%
TTC	F	0.52%
AVY	D	0.52%
NOV	F	0.5%
BKLN	A	0.32%

WBIF Underweight 24 Positions Relative to UTRN

Symbol	Grade	Weight
TYL	A	-4.2%
STE	D	-4.11%
HUBB	B	-4.05%
ROK	B	-4.04%
CTLT	D	-4.03%
JCI	B	-4.02%
NWSA	A	-4.02%
AMCR	D	-4.02%
CMI	B	-4.02%
NWS	A	-4.02%
MET	C	-4.01%
ACGL	F	-4.0%
EMN	C	-4.0%
XOM	C	-3.99%
TT	C	-3.98%
ITW	A	-3.98%
FTV	F	-3.98%
IR	C	-3.98%
IEX	A	-3.97%
WM	A	-3.95%
IFF	D	-3.95%
RSG	D	-3.95%
ZBRA	A	-3.94%
CARR	D	-3.64%