WBIF vs. UTES ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Reaves Utilities ETF (UTES)

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

$29.16

Average Daily Volume

805

Number of Holdings ^*

* may have additional holdings in another (foreign) market

UTES

Reaves Utilities ETF

UTES Description

ETFis Series Trust I - Reaves Utilities ETF is an exchange traded fund launched and managed by Virtus ETF Advisers LLC. The fund is co-managed by W. H. Reaves & Co., Inc. It invests in public equity markets of the United States. The fund invests in stocks of companies operating in the utilities sector. It invests in dividend yielding stocks of companies across all market capitalization. The fund employs fundamental analysis with a bottom-up stock picking approach with a focus on factors such as conservative capital structures, solid balance sheets, history of and/or potential for growing earnings and raising dividends, lower-than-market levels of volatility, correlation or similar characteristics earnings and cash flow potential, dividend prospects and tax treatment of dividends, strength of business franchises and estimates of net asset value to create its portfolio. ETFis Series Trust I - Reaves Utilities ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$63.75

Average Daily Volume

38,040

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	UTES
30 Days	0.81%	13.19%
60 Days	-0.26%	22.31%
90 Days	0.79%	23.33%
12 Months	9.56%	56.48%

2 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in UTES	Overlap
	ATO	B	3.79%	4.53%	3.79%
	DTE	A	3.56%	4.17%	3.56%

WBIF Overweight 23 Positions Relative to UTES

Symbol	Grade	Weight
BX	C	5.09%
WRB	D	4.66%
BDX	D	4.64%
HIG	B	4.57%
HCA	B	4.55%
GWW	B	4.44%
CI	C	4.43%
BR	C	4.16%
CDW	D	4.13%
DECK	C	4.04%
NFLX	B	4.03%
AAPL	C	3.93%
SO	B	3.92%
PANW	D	3.88%
HYLB	A	3.85%
INTU	D	3.82%
ADBE	F	3.54%
DUK	B	3.48%
QCOM	D	3.3%
CRM	C	2.82%
LRCX	D	2.8%
TRV	C	2.62%
CHRW	B	1.1%

WBIF Underweight 15 Positions Relative to UTES

Symbol	Grade	Weight
NEE	B	-17.06%
CEG	C	-10.84%
VST	B	-9.9%
PCG	C	-5.86%
CNP	C	-4.98%
PEG	B	-4.64%
EIX	B	-4.51%
ETR	A	-4.45%
PNW	C	-4.38%
SRE	B	-4.31%
PNM	B	-3.2%
CMS	B	-2.99%
NI	B	-2.94%
IDA	B	-1.19%
PPL	A	-1.0%

WBIF: Top Represented Industries & Keywords

Industries: Software - Application Utilities - Regulated Electric Insurance - Property & Casualty Asset Management Business Services Consumer Electronics Footwear & Accessories Health Care Plans Industrial Distribution Information Technology Services Insurance - Diversified Integrated Shipping & Logistics Media - Diversified Medical Care Medical Instruments & Supplies Semiconductor Equipment & Materials Semiconductors Utilities - Regulated Gas