EQTY vs. WBIL ETF Comparison

Comparison of Kovitz Core Equity ETF (EQTY) to WBI Large Cap Tactical Select Shares (WBIL)

EQTY

Kovitz Core Equity ETF

EQTY Description

The Kovitz Core Equity ETF seeks long-term capital appreciation. Through our fundamental, research-driven process, we strive to build diversified portfolios of equity investments through the purchase of competitively advantaged and financially strong companies at prices substantially less than our estimate of their intrinsic values.

Grade (RS Rating)

Last Trade

$24.07

Average Daily Volume

36,225

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$36.15

Average Daily Volume

1,637

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	EQTY	WBIL
30 Days	0.78%	2.89%
60 Days	4.09%	6.45%
90 Days	6.56%	7.13%
12 Months	27.72%	21.58%

6 Overlapping Holdings

Symbol	Grade	Weight in EQTY	Weight in WBIL	Overlap
AAPL	C	1.89%	4.79%	1.89%
AMZN	B	4.81%	3.08%	3.08%
CRM	B	3.76%	4.06%	3.76%
FI	A	3.18%	4.35%	3.18%
META	C	4.81%	0.91%	0.91%
SCHW	A	4.68%	5.19%	4.68%

EQTY Overweight 32 Positions Relative to WBIL

Symbol	Grade	Weight
GOOG	B	4.14%
BDX	F	3.98%
KEYS	A	3.93%
V	A	3.77%
PM	A	3.75%
J	D	3.58%
ICE	D	3.4%
KMX	C	3.36%
LOW	C	3.16%
BRK.A	B	3.16%
PCAR	C	3.13%
AXP	B	3.02%
ORCL	A	2.96%
AON	B	2.92%
JPM	B	2.57%
PPG	F	2.36%
MSI	A	2.08%
DLTR	F	1.86%
ANET	D	1.84%
ADI	D	1.73%
DEO	F	1.72%
AMAT	F	1.67%
HAS	D	1.07%
AMD	F	0.94%
HAYW	B	0.65%
GOOGL	B	0.49%
MSFT	D	0.24%
SYK	A	0.13%
GGG	B	0.1%
VRSK	A	0.08%
ABT	B	0.06%
EFX	F	0.06%

EQTY Underweight 34 Positions Relative to WBIL

Symbol	Grade	Weight
CRWD	B	-4.95%
EA	A	-4.94%
AMP	A	-4.93%
MRVL	B	-4.54%
LULU	C	-4.23%
TPL	A	-4.13%
UBER	F	-3.66%
URI	B	-3.61%
NVDA	A	-3.46%
CPAY	A	-3.21%
BX	A	-2.73%
FICO	A	-2.23%
BR	B	-2.17%
INTU	B	-2.15%
PWR	A	-2.11%
COST	A	-1.94%
RMD	C	-1.88%
SBUX	B	-1.84%
PANW	A	-1.75%
TYL	B	-1.74%
EME	A	-1.46%
NFLX	A	-1.11%
FAST	B	-1.06%
PH	B	-1.02%
PAYX	B	-1.0%
SPOT	A	-0.98%
TJX	A	-0.95%
TT	A	-0.87%
AGZD	A	-0.74%
FLTR	A	-0.73%
FALN	A	-0.72%
FTSL	A	-0.67%
STIP	A	-0.52%
BKLN	A	-0.32%