WBIF vs. OUSA ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to O'Shares FTSE U.S. Quality Dividend ETF (OUSA)

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

OUSA

O'Shares FTSE U.S. Quality Dividend ETF

OUSA Description

The investment seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual / Vol / Yield Factor 5% Capped Index (the "target index"). The U.S. target index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in the United States that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by FTSE-Russell (the "index provider"). Under normal market conditions, the fund will invest at least 80% of its total assets in the components of the U.S. target index.

Grade (RS Rating)

Last Trade

$54.59

Average Daily Volume

33,026

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	OUSA
30 Days	3.91%	1.26%
60 Days	3.66%	1.99%
90 Days	4.44%	4.58%
12 Months	13.34%	25.26%

6 Overlapping Holdings

Symbol	Grade	Weight in WBIF	Weight in OUSA	Overlap
ACN	C	3.98%	2.77%	2.77%
ADP	B	1.53%	0.76%	0.76%
AME	A	1.46%	0.15%	0.15%
MMC	B	2.12%	2.2%	2.12%
PAYX	C	1.39%	0.53%	0.53%
V	A	4.26%	5.33%	4.26%

WBIF Overweight 37 Positions Relative to OUSA

Symbol	Grade	Weight
WRB	A	4.74%
UHS	D	4.68%
FIX	A	4.58%
KBH	D	4.54%
NXST	C	4.43%
CI	F	4.26%
DKS	C	4.24%
PRU	A	4.14%
UNM	A	3.93%
MCK	B	3.93%
AMAT	F	3.55%
RGA	A	3.26%
VOYA	B	3.26%
OXY	D	2.81%
PHM	D	2.6%
CF	B	1.86%
AXP	A	1.53%
G	B	1.44%
PRI	A	1.42%
BR	A	1.36%
TXRH	C	1.33%
CASY	A	1.28%
RMD	C	1.23%
FLTR	A	0.76%
FALN	B	0.75%
AGZD	A	0.75%
FTSL	B	0.69%
ALSN	B	0.67%
THG	A	0.59%
DCI	B	0.56%
GL	B	0.55%
STIP	C	0.54%
TOL	B	0.54%
ALLE	D	0.53%
CBT	C	0.53%
DOX	D	0.52%
BKLN	A	0.32%

WBIF Underweight 93 Positions Relative to OUSA

Symbol	Grade	Weight
HD	A	-5.35%
AAPL	C	-4.96%
MSFT	F	-4.78%
JNJ	D	-4.26%
GOOGL	C	-3.96%
MRK	F	-3.95%
MA	C	-3.95%
CMCSA	B	-3.75%
MCD	D	-3.36%
CSCO	B	-3.07%
PG	A	-2.62%
TXN	C	-2.36%
UNH	C	-1.86%
ABT	B	-1.49%
LOW	D	-1.48%
TJX	A	-1.39%
ITW	B	-1.34%
CTAS	B	-1.11%
LMT	D	-1.07%
TMUS	B	-1.06%
LLY	F	-0.91%
ABBV	D	-0.87%
FAST	B	-0.86%
COST	B	-0.82%
PEP	F	-0.79%
T	A	-0.77%
KO	D	-0.76%
UNP	C	-0.75%
VZ	C	-0.74%
HON	B	-0.72%
TROW	B	-0.71%
CB	C	-0.7%
SBUX	A	-0.69%
ORCL	B	-0.68%
UPS	C	-0.67%
MO	A	-0.66%
MCO	B	-0.63%
QCOM	F	-0.62%
CAT	B	-0.61%
PM	B	-0.61%
YUM	B	-0.57%
EA	A	-0.56%
IBM	C	-0.56%
BLK	C	-0.55%
MSCI	C	-0.53%
GRMN	B	-0.52%
OTIS	C	-0.5%
WMT	A	-0.47%
JPM	A	-0.47%
ZTS	D	-0.47%
SPGI	C	-0.43%
APH	A	-0.42%
AVGO	D	-0.41%
PCAR	B	-0.41%
CTSH	B	-0.4%
WM	A	-0.39%
AON	A	-0.39%
NKE	D	-0.39%
MSI	B	-0.37%
CL	D	-0.34%
EBAY	D	-0.33%
ETN	A	-0.32%
TSCO	D	-0.31%
GD	F	-0.31%
CBOE	B	-0.31%
SYK	C	-0.31%
AMGN	D	-0.3%
GWW	B	-0.29%
MDT	D	-0.29%
CSX	B	-0.29%
SNA	A	-0.27%
TT	A	-0.25%
MDLZ	F	-0.23%
HSY	F	-0.22%
KMB	D	-0.21%
DE	A	-0.21%
ELV	F	-0.19%
GILD	C	-0.19%
IEX	B	-0.17%
CMI	A	-0.16%
GGG	B	-0.16%
EXPD	D	-0.16%
A	D	-0.16%
INTU	C	-0.16%
VRSK	A	-0.15%
ADI	D	-0.14%
TMO	F	-0.13%
NOC	D	-0.13%
GIS	D	-0.11%
TGT	F	-0.11%
KR	B	-0.08%
KVUE	A	-0.08%
CHD	B	-0.06%