WBIF vs. FLQM ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Franklin LibertyQ U.S. Mid Cap Equity ETF (FLQM)

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

$30.23

Average Daily Volume

1,654

Number of Holdings ^*

* may have additional holdings in another (foreign) market

FLQM

Franklin LibertyQ U.S. Mid Cap Equity ETF

FLQM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the LibertyQ U.S. Mid Cap Equity Index (the U.S. Mid Cap underlying index). Under normal market conditions, the fund invests at least 80% of its assets in the component securities of the U.S. Mid Cap underlying index. The U.S. Mid Cap underlying index is based on the Russell Midcap® Index using a methodology developed with Franklin Templeton to reflect Franklin Templeton's desired investment strategy.

Grade (RS Rating)

Last Trade

$57.92

Average Daily Volume

152,590

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	FLQM
30 Days	2.86%	3.80%
60 Days	3.49%	4.58%
90 Days	3.85%	4.77%
12 Months	12.70%	30.18%

16 Overlapping Holdings

Symbol	Grade	Weight in WBIF	Weight in FLQM	Overlap
ALLE	C	0.53%	0.45%	0.45%
ALSN	B	0.67%	0.47%	0.47%
CASY	A	1.28%	0.52%	0.52%
CF	A	1.86%	0.61%	0.61%
DCI	B	0.56%	0.36%	0.36%
DKS	D	4.24%	0.48%	0.48%
DOX	D	0.52%	0.35%	0.35%
G	B	1.44%	0.29%	0.29%
GL	C	0.55%	0.42%	0.42%
PAYX	B	1.39%	1.08%	1.08%
PHM	D	2.6%	0.99%	0.99%
RMD	C	1.23%	1.06%	1.06%
TOL	B	0.54%	0.39%	0.39%
TXRH	B	1.33%	0.51%	0.51%
UHS	D	4.68%	0.48%	0.48%
UNM	A	3.93%	0.48%	0.48%

WBIF Overweight 27 Positions Relative to FLQM

Symbol	Grade	Weight
WRB	A	4.74%
FIX	A	4.58%
KBH	D	4.54%
NXST	C	4.43%
V	A	4.26%
CI	D	4.26%
PRU	A	4.14%
ACN	B	3.98%
MCK	A	3.93%
AMAT	F	3.55%
RGA	A	3.26%
VOYA	B	3.26%
OXY	D	2.81%
MMC	B	2.12%
ADP	A	1.53%
AXP	A	1.53%
AME	A	1.46%
PRI	B	1.42%
BR	A	1.36%
FLTR	A	0.76%
FALN	A	0.75%
AGZD	A	0.75%
FTSL	A	0.69%
THG	A	0.59%
STIP	C	0.54%
CBT	D	0.53%
BKLN	A	0.32%

WBIF Underweight 184 Positions Relative to FLQM

Symbol	Grade	Weight
FICO	B	-1.62%
GRMN	B	-1.17%
GWW	B	-1.16%
FAST	B	-1.14%
IT	C	-1.14%
EA	A	-1.13%
ODFL	C	-1.12%
SYF	B	-1.11%
DAL	B	-1.1%
AVB	B	-1.09%
ALL	A	-1.09%
MSCI	C	-1.09%
HIG	B	-1.05%
TPL	A	-1.04%
KR	B	-1.02%
DHI	F	-1.0%
DOV	A	-1.0%
LNG	A	-0.96%
HPQ	B	-0.94%
WAT	C	-0.94%
HPE	B	-0.93%
OTIS	C	-0.93%
NTAP	C	-0.91%
EBAY	D	-0.91%
CINF	A	-0.9%
DECK	A	-0.89%
CHD	A	-0.89%
GDDY	A	-0.89%
TSCO	D	-0.89%
YUM	D	-0.89%
SYY	D	-0.86%
AWK	C	-0.86%
BAH	F	-0.85%
BLDR	D	-0.85%
BBY	D	-0.85%
LII	A	-0.84%
FANG	C	-0.84%
CMI	A	-0.84%
RF	A	-0.83%
WSM	C	-0.82%
NVR	D	-0.79%
MTD	F	-0.77%
CLX	A	-0.77%
OMC	C	-0.77%
IDXX	F	-0.77%
STLD	B	-0.76%
SNA	A	-0.76%
MANH	D	-0.76%
COR	B	-0.75%
TROW	B	-0.74%
CDW	F	-0.73%
LYB	F	-0.72%
DVN	F	-0.72%
ULTA	F	-0.7%
RS	B	-0.7%
VRSK	A	-0.69%
WSO	A	-0.67%
VRSN	C	-0.67%
EXPD	C	-0.67%
GPC	D	-0.65%
AVY	F	-0.62%
UTHR	C	-0.62%
RPM	A	-0.61%
ACGL	C	-0.61%
INCY	C	-0.61%
TPR	B	-0.6%
MAS	D	-0.59%
THC	D	-0.59%
EG	C	-0.58%
VTRS	A	-0.57%
GEN	B	-0.57%
ROL	B	-0.55%
TER	F	-0.54%
UAL	A	-0.54%
GGG	B	-0.53%
NBIX	C	-0.52%
HSY	F	-0.52%
POOL	C	-0.5%
FFIV	B	-0.5%
NDSN	B	-0.49%
EHC	B	-0.49%
VLTO	C	-0.49%
CHRW	B	-0.47%
OVV	B	-0.46%
BJ	A	-0.46%
LECO	C	-0.46%
CW	C	-0.46%
JBL	C	-0.45%
CPT	B	-0.44%
JNPR	D	-0.42%
ELS	C	-0.42%
SAIA	B	-0.42%
RPRX	D	-0.4%
PAYC	B	-0.4%
EXPE	B	-0.38%
TPX	B	-0.38%
SEIC	B	-0.37%
HRB	D	-0.37%
MUSA	B	-0.37%
BXP	C	-0.37%
LDOS	C	-0.37%
K	A	-0.37%
LKQ	F	-0.36%
ACI	C	-0.36%
ALLY	C	-0.35%
LW	C	-0.35%
RL	C	-0.34%
KNSL	B	-0.34%
MTG	C	-0.32%
ORI	A	-0.31%
RHI	C	-0.3%
TTC	C	-0.3%
DG	F	-0.3%
SKX	D	-0.3%
WING	D	-0.29%
CHE	D	-0.28%
APA	D	-0.28%
NNN	C	-0.28%
PB	B	-0.27%
CACI	D	-0.27%
BBWI	C	-0.26%
AMG	B	-0.25%
R	B	-0.25%
VNT	C	-0.24%
EGP	D	-0.24%
WPC	C	-0.23%
DINO	D	-0.23%
LSTR	D	-0.23%
VFC	C	-0.23%
AM	A	-0.22%
DVA	C	-0.22%
JHG	B	-0.21%
NFG	A	-0.2%
AN	C	-0.2%
STAG	D	-0.2%
SEE	C	-0.2%
OMF	A	-0.2%
BC	C	-0.2%
CROX	D	-0.19%
LAMR	C	-0.19%
WU	F	-0.19%
SON	F	-0.18%
DTM	A	-0.18%
FOXA	A	-0.18%
FLO	D	-0.18%
WBA	F	-0.17%
OGN	F	-0.17%
CRUS	D	-0.17%
AGO	B	-0.17%
AYI	B	-0.17%
MSM	C	-0.17%
M	F	-0.17%
CHH	A	-0.16%
CHRD	D	-0.16%
DLB	B	-0.16%
SOLV	D	-0.16%
LOPE	C	-0.15%
KRC	B	-0.14%
HIW	C	-0.14%
PII	F	-0.14%
COKE	C	-0.13%
ACHC	F	-0.13%
COLB	B	-0.12%
AVT	C	-0.12%
COLM	C	-0.11%
MAN	F	-0.11%
IVZ	B	-0.11%
PAG	B	-0.11%
AWI	A	-0.11%
NEU	D	-0.11%
JWN	D	-0.1%
CIVI	D	-0.1%
APPF	B	-0.09%
CUZ	B	-0.08%
CRI	F	-0.08%
KSS	F	-0.07%
GAP	C	-0.07%
WEN	D	-0.06%
SNDR	B	-0.06%
CNA	C	-0.04%
SIRI	C	-0.03%
DDS	B	-0.03%
CNXC	F	-0.03%
PLTK	B	-0.02%