WBIF vs. QQQJ ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Invesco NASDAQ Next Gen 100 ETF (QQQJ)

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

$29.52

Average Daily Volume

1,411

Number of Holdings ^*

* may have additional holdings in another (foreign) market

QQQJ

Invesco NASDAQ Next Gen 100 ETF

QQQJ Description

The Invesco NASDAQ Next Gen 100 Fund (Fund) is based on the NASDAQ Next Generation 100 Index (Index). The Fund will invest at least 90% of its total assets in the securities that comprise the Index. The Index is comprised of securities of the next generation of Nasdaq-listed non-financial companies; that is, the largest 100 Nasdaq-listed companies outside of the NASDAQ-100 Index®. The Fund and Index are rebalanced quarterly and reconstituted annually.

Grade (RS Rating)

Last Trade

$27.81

Average Daily Volume

90,586

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	QQQJ
30 Days	-1.85%	-1.45%
60 Days	3.35%	4.51%
90 Days	-1.92%	-2.83%
12 Months	6.45%	8.65%

1 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in QQQJ	Overlap
	EBAY	B	2.2%	1.87%	1.87%

WBIF Overweight 32 Positions Relative to QQQJ

Symbol	Grade	Weight
USHY	A	8.26%
LRCX	B	5.5%
MO	A	5.04%
KNTK	B	4.9%
PM	B	4.43%
TW	C	4.29%
OMF	C	4.23%
TROW	B	4.21%
BR	B	4.15%
CHD	A	4.11%
K	D	3.94%
MA	C	3.79%
META	B	3.6%
PANW	C	2.88%
CARR	B	2.3%
NXPI	B	2.29%
UHS	A	2.22%
GRMN	B	2.21%
DKS	B	2.2%
RGA	B	2.14%
MAR	B	1.95%
CI	C	1.87%
WRB	C	1.86%
UNM	C	1.86%
F	D	1.81%
PCAR	D	1.79%
CNA	B	1.76%
BCC	D	1.69%
HAL	D	1.65%
SLB	D	1.61%
KMB	A	1.49%
RTX	B	0.78%

WBIF Underweight 97 Positions Relative to QQQJ

Symbol	Grade	Weight
SMCI	C	-3.27%
MPWR	B	-2.72%
TSCO	B	-2.1%
FSLR	C	-2.03%
NTAP	B	-1.8%
ICLR	B	-1.79%
WDC	B	-1.76%
TER	B	-1.54%
AXON	C	-1.53%
STX	B	-1.51%
APP	C	-1.46%
PTC	C	-1.44%
ENTG	C	-1.4%
ALNY	C	-1.4%
ALGN	F	-1.33%
ULTA	F	-1.32%
STLD	C	-1.32%
DKNG	C	-1.28%
CHKP	B	-1.27%
VRSN	C	-1.26%
HOLX	D	-1.17%
ENPH	D	-1.17%
SWKS	B	-1.16%
JBHT	F	-1.13%
EXPE	C	-1.13%
UAL	C	-1.13%
TCOM	D	-1.12%
BMRN	C	-1.09%
ZBRA	D	-1.07%
LOGI	B	-1.06%
SSNC	C	-1.04%
ZM	F	-1.03%
BSY	C	-0.99%
MANH	B	-0.98%
OKTA	D	-0.98%
INCY	B	-0.97%
PODD	B	-0.97%
CASY	B	-0.96%
GRAB	C	-0.95%
JD	D	-0.95%
AKAM	F	-0.94%
UTHR	A	-0.94%
TRMB	C	-0.93%
NBIX	D	-0.93%
NDSN	D	-0.91%
POOL	D	-0.91%
NTNX	D	-0.91%
FLEX	C	-0.91%
SNY	D	-0.88%
LNT	C	-0.88%
BIDU	F	-0.86%
VTRS	D	-0.84%
MEDP	B	-0.84%
EVRG	C	-0.84%
TECH	C	-0.83%
RPRX	D	-0.83%
SAIA	B	-0.83%
ARGX	C	-0.83%
JKHY	C	-0.82%
NTES	D	-0.77%
CHK	D	-0.77%
TTEK	B	-0.77%
QRVO	B	-0.75%
WWD	B	-0.75%
LKQ	F	-0.74%
RIVN	D	-0.73%
APA	F	-0.72%
LECO	F	-0.72%
DOCU	C	-0.72%
NWSA	B	-0.71%
CHDN	A	-0.7%
WYNN	D	-0.69%
CHRW	B	-0.68%
FFIV	D	-0.68%
BRKR	D	-0.62%
BNTX	F	-0.62%
DOX	F	-0.6%
HSIC	D	-0.59%
MTCH	D	-0.59%
NICE	F	-0.58%
Z	B	-0.57%
LSCC	F	-0.57%
FOXA	A	-0.55%
CZR	C	-0.54%
OTEX	D	-0.54%
PCTY	F	-0.54%
FOX	B	-0.51%
RGEN	F	-0.49%
JAZZ	F	-0.49%
ROKU	F	-0.48%
ETSY	F	-0.48%
BGNE	C	-0.47%
LBRDK	F	-0.43%
FIVE	F	-0.43%
LCID	F	-0.4%
NWS	B	-0.37%
ZG	B	-0.18%