WBIF vs. XSW ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to SPDR S&P Software & Services ETF (XSW)

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

XSW

SPDR S&P Software & Services ETF

XSW Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of an index derived from the computer software segment of a U.S. total market composite index. In seeking to track the performance of the S&P Software & Services Select Industry Index (the "index"), the fund employs a replication strategy. It generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index represents the software and services industry group of the S&P Total Stock Market Index ("S&P TMI"). The fund is non-diversified.

Grade (RS Rating)

Last Trade

$160.21

Average Daily Volume

9,797

Number of Holdings ^*

134

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	XSW
30 Days	2.05%	5.37%
60 Days	7.25%	12.16%
90 Days	1.34%	5.02%
12 Months	13.13%	29.37%

0 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in XSW	Overlap

WBIF Overweight 69 Positions Relative to XSW

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%
FIX	A	3.12%
RGA	B	3.09%
UHS	D	3.05%
PRU	B	2.99%
CMS	A	2.98%
OXY	D	2.89%
LRCX	D	1.52%
AMAT	C	1.5%
LEN	C	1.48%
MCK	F	1.48%
AXP	A	1.48%
V	B	1.47%
CSL	A	1.47%
MPC	D	1.46%
PHM	C	1.45%
DHI	C	1.44%
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%
SYF	A	0.57%
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 134 Positions Relative to XSW

Symbol	Grade	Weight
CIFR	C	-0.91%
MSTR	B	-0.85%
AUR	C	-0.81%
WULF	C	-0.8%
SEMR	C	-0.78%
U	D	-0.78%
APP	A	-0.78%
PRGS	A	-0.78%
CRWD	D	-0.76%
RIOT	F	-0.75%
DOCU	A	-0.75%
CRM	B	-0.75%
RPD	D	-0.75%
HUBS	D	-0.75%
QXO	F	-0.74%
MARA	F	-0.74%
ZETA	B	-0.74%
PEGA	B	-0.74%
RNG	F	-0.74%
WK	D	-0.74%
YOU	C	-0.74%
CLSK	F	-0.74%
ALTR	B	-0.74%
PRO	F	-0.73%
QTWO	B	-0.73%
AGYS	D	-0.73%
BL	D	-0.73%
SMAR	A	-0.73%
PTC	B	-0.73%
INTA	C	-0.73%
MANH	A	-0.73%
APPN	C	-0.73%
S	C	-0.73%
TDC	D	-0.73%
NCNO	F	-0.73%
PCOR	D	-0.73%
ORCL	A	-0.72%
DT	B	-0.72%
SPT	F	-0.72%
DDOG	B	-0.72%
VRNS	B	-0.72%
ATEN	B	-0.72%
SNPS	F	-0.72%
RBRK	D	-0.72%
CWAN	B	-0.72%
PLTK	C	-0.72%
AI	D	-0.72%
DLB	D	-0.72%
ESTC	F	-0.71%
IBM	A	-0.71%
ZM	B	-0.71%
FICO	C	-0.71%
DBX	C	-0.71%
QLYS	F	-0.71%
ADSK	B	-0.71%
FTNT	A	-0.71%
ALKT	D	-0.71%
GWRE	A	-0.71%
ACIW	A	-0.71%
PLTR	A	-0.71%
PD	F	-0.71%
APPF	C	-0.71%
IDCC	A	-0.71%
NABL	F	-0.71%
VERX	B	-0.7%
ANSS	D	-0.7%
CDNS	D	-0.7%
PATH	D	-0.7%
BSY	D	-0.7%
SWI	B	-0.7%
BILL	D	-0.7%
CVLT	B	-0.7%
INST	C	-0.69%
SPSC	D	-0.69%
PRFT	A	-0.69%
ENV	C	-0.69%
BLND	C	-0.69%
ACN	B	-0.69%
ALRM	F	-0.69%
HCP	A	-0.69%
ROP	D	-0.69%
PWSC	C	-0.69%
IOT	C	-0.69%
TENB	D	-0.69%
NOW	B	-0.69%
TTWO	D	-0.69%
KD	D	-0.69%
DJCO	C	-0.69%
ASGN	D	-0.69%
FIVN	F	-0.69%
NTNX	C	-0.69%
ZS	F	-0.69%
FRSH	F	-0.69%
MITK	F	-0.69%
BOX	C	-0.68%
TEAM	D	-0.68%
JAMF	F	-0.68%
DV	F	-0.68%
SOUN	F	-0.68%
INFA	D	-0.68%
EPAM	F	-0.68%
ETWO	F	-0.68%
EA	D	-0.68%
BLKB	C	-0.68%
TYL	D	-0.68%
CTSH	B	-0.68%
MSFT	D	-0.68%
IT	A	-0.68%
VRNT	F	-0.67%
CXM	F	-0.67%
WDAY	D	-0.67%
DXC	C	-0.67%
CFLT	F	-0.67%
ZUO	F	-0.67%
RAMP	F	-0.66%
OSPN	D	-0.66%
ADBE	F	-0.66%
RBLX	D	-0.66%
PANW	B	-0.66%
ASAN	F	-0.66%
NNBR	C	-0.65%
INTU	F	-0.65%
BRZE	F	-0.65%
GTLB	D	-0.65%
OLO	F	-0.63%
MLNK	F	-0.6%
YEXT	B	-0.59%
IBUY	A	-0.55%
GDYN	B	-0.54%
WEAV	B	-0.47%
CCSI	C	-0.42%
DMRC	D	-0.39%
HCKT	D	-0.38%
AMSWA	C	-0.28%