SPMD vs. WBIF ETF Comparison

Comparison of SPDR Portfolio Mid Cap ETF (SPMD) to WBI Large Cap Tactical Value Shares (WBIF)

SPMD

SPDR Portfolio Mid Cap ETF

SPMD Description

The investment seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P 1000 Index. The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index. The index measures the performance of the small- and mid-capitalization segments of the U.S. equity market. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$58.61

Average Daily Volume

1,189,171

Number of Holdings ^*

392

* may have additional holdings in another (foreign) market

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

$30.24

Average Daily Volume

1,622

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	SPMD	WBIF
30 Days	7.11%	3.91%
60 Days	7.29%	3.66%
90 Days	8.21%	4.44%
12 Months	32.98%	13.34%

15 Overlapping Holdings

Symbol	Grade	Weight in SPMD	Weight in WBIF	Overlap
CASY	A	0.5%	1.28%	0.5%
CBT	C	0.2%	0.53%	0.2%
DCI	B	0.31%	0.56%	0.31%
DKS	C	0.38%	4.24%	0.38%
FIX	A	0.52%	4.58%	0.52%
G	B	0.24%	1.44%	0.24%
KBH	D	0.19%	4.54%	0.19%
NXST	C	0.17%	4.43%	0.17%
PRI	A	0.33%	1.42%	0.33%
RGA	A	0.5%	3.26%	0.5%
THG	A	0.19%	0.59%	0.19%
TOL	B	0.52%	0.54%	0.52%
TXRH	C	0.44%	1.33%	0.44%
UNM	A	0.41%	3.93%	0.41%
VOYA	B	0.26%	3.26%	0.26%

SPMD Overweight 377 Positions Relative to WBIF

Symbol	Grade	Weight
TPL	A	0.85%
EME	C	0.77%
ILMN	D	0.75%
CSL	C	0.69%
LII	A	0.65%
IBKR	A	0.64%
WSO	A	0.6%
RPM	A	0.58%
UTHR	C	0.57%
XPO	B	0.57%
OC	A	0.56%
BURL	A	0.56%
RBA	A	0.56%
RS	B	0.56%
MANH	D	0.56%
WSM	B	0.55%
DOCU	A	0.54%
DT	C	0.53%
USFD	A	0.53%
FNF	B	0.52%
COHR	B	0.51%
PSTG	D	0.51%
THC	D	0.51%
GGG	B	0.5%
EQH	B	0.5%
SAIA	B	0.48%
SFM	A	0.47%
EWBC	A	0.47%
ACM	A	0.47%
AVTR	F	0.47%
CW	B	0.46%
PFGC	B	0.44%
GLPI	C	0.44%
ELS	C	0.44%
RNR	C	0.44%
CLH	B	0.42%
NVT	B	0.41%
ITT	A	0.41%
NBIX	C	0.41%
JLL	D	0.41%
BMRN	D	0.41%
WPC	D	0.4%
DUOL	A	0.4%
SCI	B	0.4%
BWXT	B	0.39%
LECO	B	0.39%
AMH	D	0.39%
OVV	B	0.39%
SF	B	0.39%
JEF	A	0.39%
RRX	B	0.38%
BJ	A	0.38%
ATR	B	0.38%
LAMR	D	0.37%
CUBE	D	0.36%
FHN	A	0.36%
BLD	D	0.36%
TTEK	F	0.36%
CACI	D	0.36%
FND	C	0.36%
KNSL	B	0.35%
GME	C	0.35%
AA	B	0.35%
EVR	B	0.35%
CCK	C	0.35%
CG	A	0.35%
EHC	B	0.34%
ARMK	B	0.34%
WBS	A	0.34%
OHI	C	0.34%
AFG	A	0.34%
EXP	A	0.34%
WWD	B	0.34%
CHDN	B	0.34%
AIT	A	0.34%
SRPT	D	0.34%
ALLY	C	0.33%
LAD	A	0.33%
EXEL	B	0.33%
WAL	B	0.33%
CIEN	B	0.33%
AYI	B	0.33%
WTRG	B	0.32%
PR	B	0.32%
DTM	B	0.32%
WING	D	0.32%
INGR	B	0.32%
HLI	B	0.32%
MUSA	A	0.32%
MORN	B	0.31%
WCC	B	0.31%
FBIN	D	0.31%
CNH	C	0.31%
AAL	B	0.31%
BRBR	A	0.31%
PNFP	B	0.31%
TPX	B	0.31%
AAON	B	0.3%
KNX	B	0.3%
PEN	B	0.3%
FN	D	0.3%
RBC	A	0.3%
REXR	F	0.3%
GMED	A	0.3%
WMS	D	0.3%
RGLD	C	0.3%
FLR	B	0.29%
WTFC	A	0.29%
SNX	C	0.29%
ZION	B	0.29%
NYT	C	0.29%
ORI	A	0.29%
AR	B	0.29%
AXTA	A	0.29%
PCTY	B	0.29%
CFR	B	0.29%
OGE	B	0.28%
CBSH	A	0.28%
MTZ	B	0.28%
CHE	D	0.28%
CR	A	0.28%
MEDP	D	0.28%
GPK	C	0.28%
TTC	D	0.28%
BRX	A	0.28%
UFPI	B	0.27%
SEIC	B	0.27%
CNM	D	0.27%
CHRD	D	0.27%
SSB	B	0.27%
ONTO	D	0.27%
PLNT	A	0.27%
X	C	0.27%
RRC	B	0.27%
SKX	D	0.27%
HRB	D	0.27%
LNW	D	0.27%
ENSG	D	0.27%
EGP	F	0.27%
HQY	B	0.27%
FLS	B	0.26%
PB	A	0.26%
TKO	B	0.26%
HLNE	B	0.26%
KBR	F	0.26%
SNV	B	0.26%
WEX	D	0.25%
CVLT	B	0.25%
KEX	C	0.25%
ADC	B	0.25%
MKSI	C	0.25%
BERY	B	0.25%
WH	B	0.25%
JAZZ	B	0.25%
NNN	D	0.25%
FYBR	D	0.25%
SSD	D	0.25%
TREX	C	0.25%
GXO	B	0.24%
COKE	C	0.24%
R	B	0.24%
ESAB	B	0.24%
ALV	C	0.24%
RYAN	B	0.24%
OSK	B	0.24%
RLI	B	0.24%
MIDD	C	0.24%
MTSI	B	0.24%
TMHC	B	0.24%
EXLS	B	0.24%
OLED	D	0.24%
ANF	C	0.24%
RGEN	D	0.24%
CMC	B	0.23%
HALO	F	0.23%
MTDR	B	0.23%
VMI	B	0.23%
DINO	D	0.23%
VNO	B	0.23%
FCN	D	0.23%
CADE	B	0.23%
FR	C	0.23%
ELF	C	0.23%
ONB	B	0.23%
CGNX	C	0.23%
LSCC	D	0.23%
GNTX	C	0.23%
LPX	B	0.23%
MASI	A	0.23%
H	B	0.23%
GTLS	B	0.23%
DAR	C	0.22%
KD	B	0.22%
DBX	B	0.22%
STAG	F	0.22%
LSTR	D	0.22%
FAF	A	0.22%
BIO	D	0.22%
MTN	C	0.22%
MSA	D	0.22%
IDA	A	0.21%
WHR	B	0.21%
GBCI	B	0.21%
MTG	C	0.21%
NOV	C	0.21%
CYTK	F	0.21%
SAIC	F	0.21%
MAT	D	0.21%
DOCS	C	0.21%
COLB	A	0.21%
ESNT	D	0.2%
CROX	D	0.2%
FNB	A	0.2%
VNT	B	0.2%
SIGI	C	0.2%
BRKR	D	0.2%
NOVT	D	0.2%
ARW	D	0.2%
WFRD	D	0.2%
ALTR	B	0.2%
LFUS	F	0.2%
STWD	C	0.2%
LNTH	D	0.19%
OLLI	D	0.19%
HOMB	A	0.19%
UBSI	B	0.19%
AGCO	D	0.19%
RMBS	C	0.19%
LITE	B	0.19%
WTS	B	0.19%
PVH	C	0.19%
CNX	A	0.19%
JHG	A	0.19%
THO	B	0.19%
CHX	C	0.19%
KRG	B	0.19%
FFIN	B	0.18%
BC	C	0.18%
KNF	A	0.18%
APPF	B	0.18%
GATX	A	0.18%
LEA	D	0.18%
CRUS	D	0.18%
UMBF	B	0.18%
QLYS	C	0.18%
VVV	F	0.18%
NFG	A	0.18%
CLF	F	0.18%
AMG	B	0.18%
EXPO	D	0.17%
BYD	C	0.17%
OZK	B	0.17%
ROIV	C	0.17%
AM	A	0.17%
POST	C	0.17%
HWC	B	0.17%
SLM	A	0.17%
WMG	C	0.16%
MUR	D	0.16%
POR	C	0.16%
VLY	B	0.16%
TKR	D	0.16%
LOPE	B	0.16%
RH	B	0.16%
FIVE	F	0.16%
MMS	F	0.16%
BDC	B	0.16%
GAP	C	0.16%
HXL	D	0.16%
OLN	D	0.16%
ST	F	0.16%
SON	D	0.16%
UGI	A	0.16%
CHWY	B	0.15%
SWX	B	0.15%
HAE	C	0.15%
AVNT	B	0.15%
AVT	C	0.15%
CIVI	D	0.15%
IRT	A	0.15%
NJR	A	0.15%
CUZ	B	0.15%
PSN	D	0.15%
ASGN	F	0.14%
CNO	A	0.14%
TCBI	B	0.14%
PNM	F	0.14%
BCO	D	0.14%
KRC	C	0.14%
NEU	C	0.14%
OGS	A	0.14%
CELH	F	0.14%
WLK	D	0.14%
SBRA	C	0.14%
FLO	D	0.14%
KMPR	B	0.14%
ORA	B	0.14%
M	D	0.14%
EEFT	B	0.14%
DLB	B	0.14%
BKH	A	0.14%
SLGN	A	0.14%
AN	C	0.14%
SR	A	0.13%
ASH	D	0.13%
MSM	C	0.13%
IBOC	A	0.13%
HOG	D	0.13%
ENS	D	0.13%
ASB	B	0.13%
RYN	D	0.13%
IRDM	D	0.12%
TEX	D	0.12%
PII	D	0.12%
POWI	D	0.12%
LANC	C	0.12%
WU	D	0.12%
XRAY	F	0.12%
ACHC	F	0.12%
PRGO	B	0.12%
ALE	A	0.12%
TNL	A	0.12%
OPCH	D	0.12%
GHC	C	0.11%
YETI	C	0.11%
CHH	A	0.11%
FHI	A	0.11%
EPR	D	0.11%
NWE	B	0.11%
VAL	D	0.11%
BLKB	B	0.11%
CDP	C	0.11%
SLAB	D	0.11%
NVST	B	0.11%
CC	C	0.1%
NEOG	F	0.1%
AMKR	D	0.1%
NSA	D	0.1%
AMED	F	0.1%
SYNA	C	0.1%
MAN	D	0.1%
VAC	B	0.1%
PCH	D	0.1%
PAG	B	0.1%
ZI	D	0.1%
ALGM	D	0.1%
PK	B	0.1%
PBF	D	0.1%
BHF	B	0.1%
WEN	D	0.1%
SMG	D	0.1%
GT	C	0.09%
ARWR	F	0.09%
NSP	D	0.09%
CXT	B	0.09%
HGV	B	0.09%
COTY	F	0.09%
COLM	B	0.09%
SAM	C	0.09%
LIVN	F	0.09%
TDC	D	0.09%
SHC	F	0.08%
CPRI	F	0.08%
VC	D	0.08%
ENOV	C	0.08%
PPC	C	0.07%
IPGP	D	0.07%
AZTA	D	0.07%
JWN	C	0.07%
RCM	F	0.07%
GEF	A	0.06%
VSH	D	0.06%
CAR	C	0.06%
UAA	C	0.06%
CNXC	F	0.06%
CRI	D	0.06%
UA	C	0.04%

SPMD Underweight 28 Positions Relative to WBIF

Symbol	Grade	Weight
WRB	A	-4.74%
UHS	D	-4.68%
V	A	-4.26%
CI	F	-4.26%
PRU	A	-4.14%
ACN	C	-3.98%
MCK	B	-3.93%
AMAT	F	-3.55%
OXY	D	-2.81%
PHM	D	-2.6%
MMC	B	-2.12%
CF	B	-1.86%
ADP	B	-1.53%
AXP	A	-1.53%
AME	A	-1.46%
PAYX	C	-1.39%
BR	A	-1.36%
RMD	C	-1.23%
FLTR	A	-0.76%
FALN	B	-0.75%
AGZD	A	-0.75%
FTSL	B	-0.69%
ALSN	B	-0.67%
GL	B	-0.55%
STIP	C	-0.54%
ALLE	D	-0.53%
DOX	D	-0.52%
BKLN	A	-0.32%