WBIL vs. QQA ETF Comparison

Comparison of WBI Large Cap Tactical Select Shares (WBIL) to Invesco QQQ Income Advantage ETF (QQA)

WBIL

WBI Large Cap Tactical Select Shares

WBIL 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 financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$37.05

Average Daily Volume

1,621

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QQA

Invesco QQQ Income Advantage ETF

QQA Description

The fund seeks to achieve its investment objective by: (1) investing in a portfolio of U.S. equity securities designed to track the performance, before fees and expenses, of the NASDAQ-100 Index® or U.S.-listed exchange-traded funds (ETFs) that seek to track the performance of the index, or both, and (2) utilizing an options-based income strategy implemented through equity-linked notes (ELNs) with exposure to either the index or ETFs tracking the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$50.25

Average Daily Volume

11,155

Number of Holdings ^*

101

* may have additional holdings in another (foreign) market

Performance

Period	WBIL	QQA
30 Days	6.43%	4.30%
60 Days	8.70%	5.68%
90 Days	8.92%	6.30%
12 Months	24.08%

15 Overlapping Holdings

Symbol	Grade	Weight in WBIL	Weight in QQA	Overlap
AAPL	C	4.79%	6.56%	4.79%
AMZN	C	3.08%	4.08%	3.08%
COST	B	1.94%	1.99%	1.94%
CRWD	B	4.95%	0.38%	0.38%
EA	A	4.94%	0.21%	0.21%
FAST	B	1.06%	0.23%	0.23%
INTU	C	2.15%	0.95%	0.95%
LULU	C	4.23%	0.19%	0.19%
META	D	0.91%	3.69%	0.91%
MRVL	B	4.54%	0.38%	0.38%
NFLX	A	1.11%	1.75%	1.11%
NVDA	C	3.46%	6.68%	3.46%
PANW	C	1.75%	0.62%	0.62%
PAYX	C	1.0%	0.25%	0.25%
SBUX	A	1.84%	0.55%	0.55%

WBIL Overweight 25 Positions Relative to QQA

Symbol	Grade	Weight
SCHW	B	5.19%
AMP	A	4.93%
FI	A	4.35%
TPL	A	4.13%
CRM	B	4.06%
UBER	D	3.66%
URI	B	3.61%
CPAY	A	3.21%
BX	A	2.73%
FICO	B	2.23%
BR	A	2.17%
PWR	A	2.11%
RMD	C	1.88%
TYL	B	1.74%
EME	C	1.46%
PH	A	1.02%
SPOT	B	0.98%
TJX	A	0.95%
TT	A	0.87%
AGZD	A	0.74%
FLTR	A	0.73%
FALN	B	0.72%
FTSL	B	0.67%
STIP	C	0.52%
BKLN	A	0.32%

WBIL Underweight 86 Positions Relative to QQA

Symbol	Grade	Weight
MSFT	F	-5.91%
AVGO	D	-3.78%
TSLA	B	-2.98%
GOOGL	C	-1.94%
GOOG	C	-1.86%
TMUS	B	-1.36%
CSCO	B	-1.15%
ADBE	C	-1.11%
PEP	F	-1.08%
AMD	F	-1.08%
LIN	D	-1.06%
ISRG	A	-0.93%
TXN	C	-0.91%
QCOM	F	-0.88%
BKNG	A	-0.83%
CMCSA	B	-0.82%
AMGN	D	-0.75%
HON	B	-0.74%
AMAT	F	-0.69%
VRTX	F	-0.6%
ADP	B	-0.6%
GILD	C	-0.54%
MU	D	-0.53%
ADI	D	-0.51%
INTC	D	-0.51%
MELI	D	-0.47%
LRCX	F	-0.45%
MDLZ	F	-0.43%
CTAS	B	-0.43%
PYPL	B	-0.43%
KLAC	D	-0.41%
SNPS	B	-0.4%
REGN	F	-0.4%
MAR	B	-0.39%
CDNS	B	-0.39%
PDD	F	-0.38%
FTNT	C	-0.36%
CEG	D	-0.35%
ORLY	B	-0.35%
CSX	B	-0.34%
ADSK	A	-0.32%
DASH	A	-0.32%
ASML	F	-0.31%
ABNB	C	-0.29%
ROP	B	-0.29%
PCAR	B	-0.29%
CHTR	C	-0.28%
CPRT	A	-0.27%
WDAY	B	-0.27%
NXPI	D	-0.27%
FANG	D	-0.26%
TTD	B	-0.26%
AEP	D	-0.25%
MNST	C	-0.25%
ODFL	B	-0.23%
ROST	C	-0.23%
BKR	B	-0.21%
KDP	D	-0.21%
VRSK	A	-0.2%
KHC	F	-0.19%
XEL	A	-0.19%
CTSH	B	-0.19%
DDOG	A	-0.19%
EXC	C	-0.19%
TEAM	A	-0.19%
AZN	D	-0.18%
GEHC	F	-0.18%
IDXX	F	-0.17%
CCEP	C	-0.17%
MCHP	D	-0.16%
ZS	C	-0.15%
DXCM	D	-0.15%
TTWO	A	-0.15%
ON	D	-0.14%
CSGP	D	-0.14%
ANSS	B	-0.14%
CDW	F	-0.12%
ILMN	D	-0.11%
WBD	C	-0.11%
GFS	C	-0.11%
BIIB	F	-0.11%
MDB	C	-0.1%
ARM	D	-0.08%
MRNA	F	-0.07%
DLTR	F	-0.07%
SMCI	F	-0.05%