WBIF vs. VFQY ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Vanguard U.S. Quality Factor ETF (VFQY)

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

VFQY

Vanguard U.S. Quality Factor ETF

VFQY Description

The investment seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor. The fund invests primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by investing in stocks with strong fundamentals as determined by the advisor. The portfolio will include a diverse mix of companies representing many different market sectors and industry groups. Under normal circumstances, at least 80% of the fund's assets will be invested in securities issued by U.S. companies.

Grade (RS Rating)

Last Trade

$142.33

Average Daily Volume

9,897

Number of Holdings ^*

354

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	VFQY
30 Days	2.05%	3.30%
60 Days	7.25%	9.57%
90 Days	1.34%	6.69%
12 Months	13.13%	30.90%

23 Overlapping Holdings

Symbol	Grade	Weight in WBIF	Weight in VFQY	Overlap
ADP	A	1.43%	0.49%	0.49%
AMAT	C	1.5%	0.67%	0.67%
AOS	C	0.43%	0.3%	0.3%
AVY	D	0.56%	0.18%	0.18%
AXP	A	1.48%	1.39%	1.39%
CASY	D	1.22%	0.22%	0.22%
DCI	B	0.55%	0.51%	0.51%
DKS	D	1.31%	0.42%	0.42%
EQH	B	0.55%	0.7%	0.55%
FIX	A	3.12%	0.11%	0.11%
GL	C	0.53%	0.27%	0.27%
LPX	C	1.22%	0.05%	0.05%
LRCX	D	1.52%	1.57%	1.52%
MLI	B	1.38%	0.19%	0.19%
MPC	D	1.46%	0.53%	0.53%
OC	C	1.28%	0.02%	0.02%
OXY	D	2.89%	0.17%	0.17%
PAYX	B	1.32%	0.66%	0.66%
PRI	A	1.28%	0.51%	0.51%
RMD	C	1.28%	0.05%	0.05%
SYF	A	0.57%	0.32%	0.32%
TTC	F	0.55%	0.11%	0.11%
V	B	1.47%	1.43%	1.43%

WBIF Overweight 46 Positions Relative to VFQY

Symbol	Grade	Weight
BDX	C	3.27%
DTE	B	3.26%
UNM	A	3.21%
VOYA	A	3.21%
WRB	C	3.2%
CI	D	3.16%
RGA	B	3.09%
UHS	D	3.05%
PRU	B	2.99%
CMS	A	2.98%
LEN	C	1.48%
MCK	F	1.48%
CSL	A	1.47%
PHM	C	1.45%
DHI	C	1.44%
SLB	D	1.43%
BYD	B	1.39%
PAG	D	1.37%
NXST	D	1.35%
AME	C	1.33%
EXP	C	1.29%
BR	B	1.29%
G	A	1.27%
R	C	1.26%
HRB	C	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%
NEU	F	0.55%
STIP	B	0.55%
ALLE	A	0.55%
GPI	C	0.55%
CBT	B	0.55%
SCI	D	0.54%
THG	A	0.54%
NOV	F	0.53%
BKLN	A	0.32%

WBIF Underweight 331 Positions Relative to VFQY

Symbol	Grade	Weight
AAPL	C	-2.18%
GILD	A	-2.06%
QCOM	D	-1.87%
MMM	C	-1.86%
ADBE	F	-1.81%
WMT	A	-1.73%
TJX	D	-1.64%
KLAC	B	-1.59%
IDXX	D	-1.57%
TGT	C	-1.47%
NKE	D	-1.39%
PEP	F	-1.33%
JNJ	D	-1.3%
MRK	F	-1.22%
COST	C	-1.15%
CTAS	C	-1.1%
LULU	D	-1.09%
AMZN	C	-1.06%
ROST	D	-0.77%
ADSK	B	-0.77%
LLY	D	-0.73%
NVDA	B	-0.73%
ABBV	C	-0.71%
MCHP	F	-0.7%
CHRW	C	-0.69%
AIG	C	-0.67%
AMP	A	-0.62%
META	A	-0.62%
NTAP	D	-0.61%
LSTR	F	-0.58%
FAST	C	-0.57%
ANF	D	-0.55%
AYI	A	-0.55%
STT	A	-0.53%
MSM	D	-0.53%
SLM	B	-0.51%
RPM	A	-0.5%
BBY	C	-0.49%
EOG	B	-0.49%
FBP	B	-0.49%
AFL	A	-0.47%
CVLT	B	-0.46%
TDC	D	-0.45%
KR	C	-0.45%
FLO	D	-0.44%
RHI	D	-0.43%
BPOP	D	-0.42%
QLYS	F	-0.42%
RL	B	-0.42%
EBAY	A	-0.42%
POOL	D	-0.41%
AX	D	-0.4%
DECK	B	-0.4%
MAT	B	-0.4%
EXPE	B	-0.38%
ROK	D	-0.37%
CNO	B	-0.37%
CASH	C	-0.37%
CDNS	D	-0.37%
KD	D	-0.37%
BLDR	C	-0.37%
WFRD	F	-0.37%
ECL	C	-0.37%
CAT	A	-0.36%
IT	A	-0.36%
SSD	B	-0.35%
KVUE	C	-0.35%
BJ	B	-0.34%
MPWR	B	-0.34%
MANH	A	-0.34%
WSFS	D	-0.34%
DLTR	F	-0.34%
CNM	F	-0.34%
M	D	-0.34%
ZION	D	-0.34%
SKX	B	-0.33%
EA	D	-0.33%
UFPI	C	-0.33%
OFG	D	-0.33%
EW	F	-0.32%
WLY	A	-0.32%
CHE	D	-0.32%
VMI	B	-0.32%
LNTH	C	-0.32%
NSP	F	-0.31%
TBBK	A	-0.31%
BLBD	D	-0.3%
NTRS	B	-0.3%
ALKS	B	-0.3%
TPL	A	-0.3%
TPR	B	-0.3%
APOG	B	-0.29%
APPF	C	-0.29%
NTB	D	-0.29%
ULTA	D	-0.28%
MEDP	F	-0.28%
JXN	A	-0.28%
K	B	-0.28%
PYPL	A	-0.28%
TREX	D	-0.27%
DOCU	A	-0.27%
PG	D	-0.26%
LECO	D	-0.26%
WMS	D	-0.25%
GPC	D	-0.25%
LMB	B	-0.25%
CRUS	D	-0.25%
KFRC	F	-0.24%
EXPD	D	-0.24%
PSTG	F	-0.24%
HAS	A	-0.24%
AIT	B	-0.24%
CR	A	-0.23%
CFG	C	-0.23%
A	B	-0.23%
PVH	D	-0.22%
CPNG	C	-0.22%
PII	D	-0.22%
TNET	D	-0.22%
MSA	F	-0.22%
LOPE	D	-0.22%
ELF	F	-0.21%
GOOGL	B	-0.21%
BBW	A	-0.21%
SHOO	A	-0.21%
SMAR	A	-0.2%
VRT	B	-0.2%
FIZZ	F	-0.2%
WDFC	B	-0.2%
PJT	A	-0.19%
NUS	F	-0.19%
SNPS	F	-0.19%
TK	B	-0.19%
CRVL	C	-0.18%
ODP	F	-0.18%
EXTR	D	-0.18%
SIG	C	-0.18%
PLAB	D	-0.18%
SAM	D	-0.18%
BBSI	B	-0.18%
GWW	B	-0.18%
EPAC	A	-0.18%
JKHY	A	-0.18%
PINS	D	-0.17%
MA	A	-0.17%
NMIH	B	-0.17%
SCS	D	-0.17%
OLN	D	-0.17%
BCC	C	-0.16%
BXC	D	-0.16%
JBSS	F	-0.16%
ROL	C	-0.16%
PLMR	A	-0.16%
WTS	C	-0.16%
YELP	D	-0.16%
OXM	F	-0.16%
YOU	C	-0.15%
GMS	B	-0.15%
CSWI	A	-0.15%
CHCO	D	-0.15%
BOKF	B	-0.15%
IDT	C	-0.15%
IESC	A	-0.15%
ASO	D	-0.14%
HCKT	D	-0.14%
CUBI	F	-0.14%
GIII	C	-0.14%
ATEN	B	-0.14%
PEGA	B	-0.14%
WABC	F	-0.14%
WHD	A	-0.14%
MOH	F	-0.14%
HAE	F	-0.13%
HNI	B	-0.13%
AAP	F	-0.13%
KO	C	-0.13%
TER	C	-0.13%
CAL	F	-0.13%
FFIV	B	-0.13%
AON	A	-0.13%
TXG	F	-0.12%
MAN	D	-0.12%
PRMW	B	-0.12%
COKE	C	-0.12%
HWKN	B	-0.12%
CSGS	B	-0.12%
SFIX	F	-0.12%
BHF	D	-0.12%
RS	D	-0.12%
SONO	F	-0.12%
BELFB	A	-0.12%
CEIX	B	-0.12%
MRC	D	-0.12%
INDB	D	-0.12%
LANC	F	-0.12%
SRCE	D	-0.11%
CMI	A	-0.11%
TRIP	D	-0.11%
ASC	D	-0.11%
BKE	B	-0.11%
KAI	C	-0.11%
SM	D	-0.11%
EGY	D	-0.11%
HSY	D	-0.11%
CATY	B	-0.11%
SLVM	C	-0.11%
TILE	C	-0.11%
PRDO	D	-0.1%
CVBF	B	-0.1%
WBA	F	-0.1%
LZB	D	-0.1%
UVE	C	-0.1%
MCRI	B	-0.1%
CRCT	C	-0.1%
SOLV	C	-0.1%
FC	C	-0.1%
NVR	C	-0.1%
DFIN	B	-0.1%
ARLO	F	-0.1%
NYT	C	-0.1%
MLKN	F	-0.1%
ODFL	F	-0.1%
CPF	C	-0.1%
STRL	B	-0.1%
ENPH	F	-0.09%
GGG	C	-0.09%
NSSC	F	-0.09%
BHLB	D	-0.09%
PRLB	F	-0.09%
CDRE	A	-0.09%
VRTS	D	-0.09%
SPOT	C	-0.09%
PSMT	A	-0.09%
IOSP	F	-0.09%
BK	A	-0.09%
TNC	F	-0.09%
KMB	D	-0.09%
UAA	B	-0.08%
ZEUS	F	-0.08%
CARG	C	-0.08%
EME	B	-0.08%
ATKR	F	-0.08%
DAKT	D	-0.08%
ETH	F	-0.08%
MBUU	D	-0.08%
BRKR	D	-0.08%
VITL	C	-0.08%
PPG	D	-0.08%
ANIP	F	-0.08%
SEIC	B	-0.08%
AEO	C	-0.08%
MUSA	D	-0.07%
CCRN	F	-0.07%
MYE	F	-0.07%
HOLX	D	-0.07%
CRAI	B	-0.07%
POWL	B	-0.07%
RDN	D	-0.07%
AVAV	B	-0.07%
AMAL	B	-0.07%
MCO	D	-0.07%
CBU	D	-0.07%
MCFT	F	-0.07%
MTG	A	-0.07%
STLD	C	-0.07%
CNXN	C	-0.07%
EVER	D	-0.07%
BMI	A	-0.07%
GTLB	D	-0.07%
CTS	B	-0.06%
OSUR	F	-0.06%
WTTR	B	-0.06%
RGP	F	-0.06%
PDCO	F	-0.06%
THRY	F	-0.06%
EL	D	-0.06%
TNK	C	-0.06%
APAM	B	-0.06%
SUPN	D	-0.06%
MYGN	D	-0.06%
OEC	F	-0.06%
FULT	D	-0.06%
CDW	D	-0.06%
EGBN	C	-0.05%
GOLF	F	-0.05%
SCHL	F	-0.05%
PCRX	D	-0.05%
MBIN	C	-0.05%
SBSI	D	-0.05%
BLD	D	-0.05%
FELE	C	-0.05%
LYTS	B	-0.05%
CHGG	F	-0.05%
HY	D	-0.05%
ARCH	D	-0.05%
ALGN	D	-0.05%
SPTN	C	-0.05%
AMR	F	-0.05%
SXC	F	-0.04%
YEXT	B	-0.04%
EXLS	B	-0.04%
CDNA	B	-0.04%
DKNG	C	-0.04%
REVG	D	-0.04%
EYE	F	-0.04%
SNA	C	-0.04%
SXI	B	-0.04%
LSCC	D	-0.04%
MOV	F	-0.04%
CLW	F	-0.04%
INCY	B	-0.03%
DUOL	B	-0.03%
LKFN	D	-0.03%
DHIL	C	-0.03%
WNC	F	-0.03%
KELYA	D	-0.03%
CACC	F	-0.03%
ROKU	C	-0.03%
DXLG	F	-0.03%
OII	D	-0.03%
BKNG	B	-0.03%
BECN	D	-0.03%
PFBC	D	-0.02%
PRTS	D	-0.02%
KEYS	B	-0.02%
KRNY	C	-0.02%
CPRX	C	-0.02%
USNA	F	-0.02%
TCMD	C	-0.02%
ACAD	F	-0.02%
RYI	D	-0.02%