WBIF vs. XMVM ETF Comparison

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

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

$29.16

Average Daily Volume

1,052

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XMVM

Invesco S&P MidCap Value with Momentum ETF

XMVM Description

The investment seeks to track the investment results (before fees and expenses) of the S&P MidCap 400 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 80 stocks in the S&P MidCap 400® that have the highest “value” and “momentum” scores.

Grade (RS Rating)

Last Trade

$54.64

Average Daily Volume

15,568

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	XMVM
30 Days	-0.28%	-1.83%
60 Days	3.44%	3.41%
90 Days	0.79%	6.50%
12 Months	12.47%	25.28%

5 Overlapping Holdings

Symbol	Grade	Weight in WBIF	Weight in XMVM	Overlap
PAG	D	1.37%	1.63%	1.37%
R	C	1.26%	1.49%	1.26%
RGA	C	3.09%	1.17%	1.17%
TOL	A	0.56%	1.34%	0.56%
UNM	A	3.21%	1.82%	1.82%

WBIF Overweight 64 Positions Relative to XMVM

Symbol	Grade	Weight
BDX	B	3.27%
DTE	A	3.26%
VOYA	A	3.21%
WRB	B	3.2%
CI	D	3.16%
FIX	A	3.12%
UHS	D	3.05%
PRU	C	2.99%
CMS	A	2.98%
OXY	F	2.89%
LRCX	D	1.52%
AMAT	B	1.5%
LEN	B	1.48%
MCK	F	1.48%
AXP	A	1.48%
V	C	1.47%
CSL	A	1.47%
MPC	F	1.46%
PHM	A	1.45%
DHI	C	1.44%
SLB	D	1.43%
ADP	A	1.43%
BYD	C	1.39%
MLI	C	1.38%
NXST	D	1.35%
AME	D	1.33%
PAYX	A	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%
HRB	C	1.22%
LPX	A	1.22%
CASY	D	1.22%
TXRH	A	1.2%
KBR	C	1.2%
FLTR	A	0.77%
FALN	A	0.77%
AGZD	B	0.76%
DFS	C	0.72%
FTSL	A	0.7%
SYF	B	0.57%
EG	B	0.57%
ALSN	A	0.57%
DOX	B	0.56%
IPG	C	0.56%
AVY	C	0.56%
NEU	F	0.55%
EQH	C	0.55%
STIP	A	0.55%
ALLE	A	0.55%
TTC	D	0.55%
GPI	C	0.55%
DCI	B	0.55%
CBT	B	0.55%
SCI	C	0.54%
THG	C	0.54%
NOV	F	0.53%
GL	C	0.53%
AOS	B	0.43%
BKLN	A	0.32%

WBIF Underweight 75 Positions Relative to XMVM

Symbol	Grade	Weight
LAD	C	-2.78%
AVT	C	-2.3%
ARW	C	-2.06%
AN	C	-1.83%
CNX	A	-1.81%
TMHC	C	-1.78%
CNO	C	-1.78%
DINO	F	-1.77%
PBF	F	-1.76%
GHC	B	-1.72%
PFGC	A	-1.69%
X	F	-1.68%
SNX	C	-1.65%
OZK	F	-1.57%
KBH	C	-1.54%
JLL	B	-1.5%
ONB	D	-1.48%
WBS	D	-1.48%
MTG	B	-1.47%
THC	C	-1.44%
FNB	D	-1.39%
PNFP	D	-1.39%
PPC	B	-1.38%
THO	B	-1.38%
CADE	D	-1.35%
ARMK	A	-1.32%
UMBF	C	-1.31%
USFD	C	-1.31%
CMC	D	-1.3%
ESNT	C	-1.29%
ORI	B	-1.25%
JEF	A	-1.24%
HWC	D	-1.24%
WTFC	D	-1.23%
ZION	D	-1.21%
TCBI	C	-1.21%
AMG	B	-1.17%
VNO	A	-1.16%
JHG	C	-1.15%
ASB	F	-1.15%
INGR	A	-1.14%
EWBC	D	-1.13%
TEX	F	-1.13%
IBOC	D	-1.11%
MDU	C	-1.11%
SLM	C	-1.1%
PVH	F	-1.07%
STWD	C	-1.07%
POST	C	-1.06%
FNF	A	-1.05%
OVV	F	-1.04%
OSK	F	-1.01%
PK	D	-1.0%
FLR	D	-0.96%
CIVI	F	-0.95%
ALLY	F	-0.94%
UFPI	C	-0.92%
MUR	F	-0.87%
MUSA	D	-0.85%
RS	D	-0.85%
SAIC	A	-0.85%
TNL	B	-0.85%
SF	A	-0.84%
VSH	F	-0.83%
WU	D	-0.83%
CHRD	F	-0.82%
PR	F	-0.82%
DTM	A	-0.81%
MTDR	F	-0.81%
SWX	C	-0.79%
TKR	D	-0.74%
ASGN	D	-0.74%
ENS	D	-0.68%
AMKR	F	-0.63%
GAP	F	-0.59%