WBIF vs. MVFD ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Monarch Volume Factor Dividend Tree Index ETF (MVFD)

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

$30.07

Average Daily Volume

1,654

Number of Holdings ^*

* may have additional holdings in another (foreign) market

MVFD

Monarch Volume Factor Dividend Tree Index ETF

MVFD Description

MVFD focuses on equities demonstrating strong cash flow and dividend potential, shifting towards fixed income ETFs linked to US Treasurys in unfavorable cash flow scenarios. The fund seeks to mirror the performance of its target index, comprised of 40 equally weighted stocks selected for their financial health and income-producing ability, alongside up to 5 fixed income ETFs. Driving its selection process is the proprietary Volume Factor methodology, which examines stocks by analyzing the dynamics between market volume and price. This analysis is facilitated by a distinctive volume-price confirmation indicator. Evaluating a broad pool of 3,000 U.S. stocks, the methodology generates a composite score to rank and ensure that only the top-performing equities under positive financial conditions are chosen. MVFDs strategy aims for adaptability, modifying its equity-to-fixed income ratio based on prevailing financial trends. Furthermore, the index undergoes quarterly reconstitution to realign with market changes, optimizing the funds portfolio composition accordingly.

Grade (RS Rating)

Last Trade

$27.52

Average Daily Volume

6,200

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	MVFD
30 Days	2.86%	3.81%
60 Days	3.49%	6.09%
90 Days	3.85%	7.28%
12 Months	12.70%

2 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in MVFD	Overlap
	KBH	D	4.54%	1.87%	1.87%
	VOYA	B	3.26%	3.0%	3.0%

WBIF Overweight 41 Positions Relative to MVFD

Symbol	Grade	Weight
WRB	A	4.74%
UHS	D	4.68%
FIX	A	4.58%
NXST	C	4.43%
V	A	4.26%
CI	D	4.26%
DKS	D	4.24%
PRU	A	4.14%
ACN	B	3.98%
UNM	A	3.93%
MCK	A	3.93%
AMAT	F	3.55%
RGA	A	3.26%
OXY	D	2.81%
PHM	D	2.6%
MMC	B	2.12%
CF	A	1.86%
ADP	A	1.53%
AXP	A	1.53%
AME	A	1.46%
G	B	1.44%
PRI	B	1.42%
PAYX	B	1.39%
BR	A	1.36%
TXRH	B	1.33%
CASY	A	1.28%
RMD	C	1.23%
FLTR	A	0.76%
FALN	A	0.75%
AGZD	A	0.75%
FTSL	A	0.69%
ALSN	B	0.67%
THG	A	0.59%
DCI	B	0.56%
GL	C	0.55%
STIP	C	0.54%
TOL	B	0.54%
ALLE	C	0.53%
CBT	D	0.53%
DOX	D	0.52%
BKLN	A	0.32%

WBIF Underweight 37 Positions Relative to MVFD

Symbol	Grade	Weight
MO	A	-3.74%
FOX	A	-3.57%
TGNA	B	-3.47%
FOXA	A	-3.36%
HLNE	B	-3.3%
BKH	A	-3.08%
JHG	B	-2.92%
MATX	C	-2.88%
ADTN	A	-2.85%
ABM	B	-2.85%
QCOM	F	-2.71%
MLI	B	-2.7%
NYT	D	-2.62%
SR	A	-2.59%
EXPD	C	-2.47%
PM	B	-2.36%
LPX	B	-2.35%
RHI	C	-2.35%
WKC	C	-2.35%
MEI	F	-2.33%
SEM	B	-2.31%
AFL	B	-2.27%
CCK	D	-2.23%
GILD	C	-2.18%
CHRD	D	-2.17%
NTAP	C	-2.14%
CL	D	-2.13%
SSNC	B	-2.12%
AMKR	D	-2.08%
CME	B	-2.07%
WD	D	-2.05%
NRG	B	-2.04%
ALLY	C	-2.04%
TTC	C	-1.93%
EXPI	D	-1.9%
ADM	D	-1.86%
BCO	F	-1.7%