WBIF vs. QABA ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to First Trust NASDAQ ABA Community Bank Index Fund (QABA)

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

$29.46

Average Daily Volume

1,404

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QABA

First Trust NASDAQ ABA Community Bank Index Fund

QABA Description

The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an equity index called the NASDAQ OMX(R) ABA Community Bank Index(SM). The fund will normally invest at least 90% of its net assets plus the amount of any borrowings for investment purposes in common stocks that comprise the index. For the purposes of the index, a "community bank" is considered to be all U.S.banks and thrifts or their holding companies listed on NASDAQ(R), excluding the 50 largest U.S. banks by asset size. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$43.31

Average Daily Volume

13,142

Number of Holdings ^*

122

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	QABA
30 Days	-2.33%	-8.07%
60 Days	0.77%	0.52%
90 Days	-1.40%	-1.34%
12 Months	4.20%	4.85%

0 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in QABA	Overlap

WBIF Overweight 33 Positions Relative to QABA

Symbol	Grade	Weight
USHY	A	8.25%
MO	B	5.24%
LRCX	A	5.14%
KNTK	B	5.01%
PM	B	4.51%
TW	D	4.32%
OMF	D	4.32%
BR	D	4.13%
CHD	A	4.05%
MA	D	3.79%
TROW	B	3.74%
GIS	D	3.65%
SHW	D	3.59%
PANW	B	2.78%
NXPI	B	2.33%
AXP	D	2.3%
GRMN	B	2.24%
CARR	B	2.21%
UHS	A	2.21%
EBAY	B	2.2%
RGA	B	2.14%
DKS	B	2.1%
UNM	D	1.94%
CI	D	1.9%
F	D	1.89%
WRB	D	1.86%
MAR	C	1.86%
PCAR	D	1.79%
CNA	C	1.79%
BCC	D	1.71%
HAL	F	1.7%
SLB	F	1.66%
RTX	B	0.8%

WBIF Underweight 122 Positions Relative to QABA

Symbol	Grade	Weight
CBSH	D	-4.49%
WTFC	D	-3.73%
OZK	F	-2.79%
UBSI	D	-2.73%
FFIN	D	-2.61%
UMBF	D	-2.53%
HWC	D	-2.52%
TFSL	D	-2.24%
IBOC	D	-2.17%
ABCB	D	-2.09%
UCBI	D	-1.89%
FULT	D	-1.88%
TCBI	D	-1.76%
BANF	F	-1.76%
FIBK	D	-1.71%
CATY	D	-1.67%
WSFS	D	-1.66%
FHB	D	-1.63%
CVBF	F	-1.47%
WAFD	D	-1.38%
SFNC	D	-1.33%
INDB	F	-1.31%
PPBI	F	-1.3%
FFBC	D	-1.28%
TOWN	D	-1.27%
SBCF	F	-1.22%
FRME	D	-1.19%
HTLF	B	-1.18%
IBTX	D	-1.16%
MBIN	D	-1.13%
TBBK	C	-1.1%
TRMK	D	-1.09%
NBTB	D	-1.07%
LKFN	D	-1.01%
BANR	B	-1.01%
WSBC	D	-0.99%
CHCO	D	-0.97%
CLBK	F	-0.96%
EFSC	D	-0.92%
CASH	B	-0.89%
SYBT	B	-0.87%
NWBI	D	-0.87%
FBNC	D	-0.8%
BUSE	D	-0.79%
WABC	D	-0.79%
SRCE	D	-0.78%
TCBK	C	-0.77%
HOPE	D	-0.77%
STBA	D	-0.75%
VBTX	D	-0.69%
PEBO	D	-0.65%
PFBC	D	-0.65%
SASR	B	-0.63%
QCRH	D	-0.6%
GABC	C	-0.6%
RBCAA	D	-0.55%
OCFC	D	-0.54%
BFC	D	-0.52%
SBSI	D	-0.51%
FMBH	D	-0.48%
CTBI	D	-0.48%
AMAL	B	-0.48%
BRKL	F	-0.47%
BHRB	F	-0.45%
DCOM	F	-0.45%
PFC	D	-0.44%
CFFN	C	-0.44%
CNOB	F	-0.44%
CFB	D	-0.41%
OSBC	D	-0.4%
UVSP	C	-0.4%
HBT	C	-0.39%
HFWA	F	-0.39%
GSBC	D	-0.39%
FCBC	D	-0.39%
CCB	B	-0.37%
MBWM	D	-0.37%
CASS	D	-0.36%
HBNC	D	-0.33%
BFST	D	-0.33%
EGBN	F	-0.32%
IBCP	D	-0.32%
TRST	D	-0.32%
HTBI	B	-0.31%
HTBK	F	-0.31%
SMBC	F	-0.3%
HAFC	F	-0.3%
HONE	D	-0.3%
MSBI	F	-0.3%
FMNB	D	-0.29%
CCBG	D	-0.29%
CAC	D	-0.29%
SPFI	D	-0.28%
WASH	F	-0.28%
NBN	B	-0.28%
AROW	B	-0.27%
THFF	D	-0.27%
CCNE	D	-0.26%
ESQ	D	-0.25%
HIFS	F	-0.24%
PGC	D	-0.24%
KRNY	F	-0.23%
SHBI	F	-0.23%
NFBK	F	-0.22%
MPB	D	-0.22%
FFIC	D	-0.22%
MOFG	F	-0.21%
NEWT	C	-0.21%
RBB	D	-0.21%
BWB	F	-0.2%
CARE	D	-0.19%
NRIM	B	-0.19%
FISI	F	-0.17%
PFIS	C	-0.17%
BMRC	F	-0.16%
NECB	B	-0.16%
WSBF	C	-0.16%
FRST	F	-0.16%
BLFY	D	-0.14%
FLIC	F	-0.14%
OVLY	F	-0.13%
CZFS	D	-0.12%