WBIF vs. VFH ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Vanguard Financials ETF - DNQ (VFH)

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

$30.23

Average Daily Volume

1,654

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VFH

Vanguard Financials ETF - DNQ

VFH Description

The investment seeks to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Financials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the financials sector, as classified under the Global Industry Classification Standard (GICS). It attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$124.67

Average Daily Volume

331,396

Number of Holdings ^*

381

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	VFH
30 Days	2.86%	7.44%
60 Days	3.49%	11.88%
90 Days	3.85%	14.68%
12 Months	12.70%	47.35%

11 Overlapping Holdings

Symbol	Grade	Weight in WBIF	Weight in VFH	Overlap
AXP	A	1.53%	2.08%	1.53%
GL	C	0.55%	0.13%	0.13%
MMC	B	2.12%	1.44%	1.44%
PRI	B	1.42%	0.13%	0.13%
PRU	A	4.14%	0.59%	0.59%
RGA	A	3.26%	0.19%	0.19%
THG	A	0.59%	0.07%	0.07%
UNM	A	3.93%	0.16%	0.16%
V	A	4.26%	4.17%	4.17%
VOYA	B	3.26%	0.11%	0.11%
WRB	A	4.74%	0.23%	0.23%

WBIF Overweight 32 Positions Relative to VFH

Symbol	Grade	Weight
UHS	D	4.68%
FIX	A	4.58%
KBH	D	4.54%
NXST	C	4.43%
CI	D	4.26%
DKS	D	4.24%
ACN	B	3.98%
MCK	A	3.93%
AMAT	F	3.55%
OXY	D	2.81%
PHM	D	2.6%
CF	A	1.86%
ADP	A	1.53%
AME	A	1.46%
G	B	1.44%
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%
DCI	B	0.56%
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 370 Positions Relative to VFH

Symbol	Grade	Weight
JPM	A	-8.51%
BRK.A	B	-7.98%
MA	B	-5.54%
BAC	A	-3.93%
WFC	A	-3.02%
GS	A	-2.23%
SPGI	C	-2.05%
BLK	B	-1.95%
PGR	A	-1.9%
MS	A	-1.89%
C	A	-1.63%
BX	A	-1.6%
FI	A	-1.55%
CB	C	-1.46%
SCHW	B	-1.43%
ICE	C	-1.19%
KKR	A	-1.15%
CME	B	-1.08%
PYPL	B	-1.05%
USB	A	-1.01%
MCO	B	-1.0%
PNC	B	-1.0%
AON	A	-0.96%
COF	C	-0.83%
AJG	A	-0.82%
TFC	A	-0.77%
AFL	B	-0.76%
APO	B	-0.76%
TRV	B	-0.75%
BK	A	-0.74%
AMP	A	-0.68%
FIS	C	-0.67%
AIG	B	-0.67%
ALL	A	-0.66%
MET	A	-0.63%
MSCI	C	-0.6%
SQ	A	-0.54%
DFS	B	-0.5%
ACGL	C	-0.49%
COIN	C	-0.46%
HIG	B	-0.44%
NDAQ	A	-0.43%
MTB	A	-0.43%
ARES	A	-0.42%
WTW	B	-0.41%
FITB	B	-0.4%
RJF	A	-0.39%
STT	B	-0.37%
GPN	B	-0.35%
BRO	B	-0.34%
TROW	B	-0.33%
CBOE	C	-0.3%
HBAN	A	-0.3%
SYF	B	-0.29%
RF	A	-0.29%
CPAY	A	-0.29%
CINF	A	-0.29%
LPLA	A	-0.28%
MKL	A	-0.27%
NTRS	A	-0.27%
CFG	B	-0.26%
PFG	D	-0.26%
FCNCA	A	-0.26%
FDS	B	-0.23%
KEY	B	-0.22%
EG	C	-0.21%
IBKR	A	-0.21%
FNF	B	-0.21%
EQH	C	-0.2%
TW	A	-0.2%
L	A	-0.2%
RNR	C	-0.19%
JKHY	D	-0.18%
EWBC	A	-0.18%
HOOD	B	-0.17%
CG	B	-0.16%
MKTX	D	-0.15%
SOFI	B	-0.15%
ERIE	D	-0.15%
AFRM	A	-0.14%
JEF	A	-0.14%
OWL	A	-0.14%
SF	B	-0.14%
TOST	B	-0.14%
KNSL	B	-0.13%
FHN	A	-0.13%
ALLY	C	-0.13%
EVR	B	-0.13%
AIZ	A	-0.13%
WAL	B	-0.12%
CRBG	B	-0.12%
WBS	A	-0.12%
ORI	A	-0.12%
MORN	B	-0.12%
HLI	A	-0.12%
AFG	A	-0.12%
PNFP	B	-0.11%
SEIC	B	-0.11%
CMA	B	-0.11%
WEX	D	-0.1%
SNV	C	-0.1%
SSB	B	-0.1%
JXN	C	-0.1%
CBSH	B	-0.1%
ZION	B	-0.1%
WTFC	A	-0.1%
CFR	B	-0.1%
RLI	A	-0.09%
ESNT	F	-0.09%
BPOP	C	-0.09%
FAF	A	-0.09%
RYAN	A	-0.09%
MTG	C	-0.09%
AGNC	C	-0.09%
HLNE	B	-0.09%
PB	B	-0.09%
COOP	B	-0.08%
IVZ	B	-0.08%
STWD	C	-0.08%
LNC	C	-0.08%
OMF	A	-0.08%
GBCI	B	-0.08%
COLB	B	-0.08%
BEN	C	-0.08%
CADE	B	-0.08%
AMG	B	-0.08%
ONB	C	-0.08%
AXS	A	-0.08%
PIPR	A	-0.07%
TPG	A	-0.07%
FOUR	A	-0.07%
UMBF	B	-0.07%
UBSI	B	-0.07%
FNB	A	-0.07%
HOMB	A	-0.07%
JHG	B	-0.07%
RDN	D	-0.07%
SIGI	C	-0.07%
EEFT	B	-0.06%
SFBS	C	-0.06%
AGO	B	-0.06%
PFSI	C	-0.06%
SLM	A	-0.06%
FFIN	B	-0.06%
HWC	B	-0.06%
WTM	A	-0.06%
OZK	B	-0.06%
MC	C	-0.06%
AUB	B	-0.05%
IBOC	B	-0.05%
BGC	C	-0.05%
STEP	C	-0.05%
TCBI	C	-0.05%
ASB	B	-0.05%
WU	F	-0.05%
UPST	B	-0.05%
AX	B	-0.05%
WD	D	-0.05%
CNO	B	-0.05%
ESGR	B	-0.05%
HASI	D	-0.05%
KMPR	A	-0.05%
ABCB	B	-0.05%
VLY	B	-0.05%
BKU	A	-0.04%
INDB	B	-0.04%
CVBF	A	-0.04%
OSCR	D	-0.04%
DBRG	F	-0.04%
CNS	B	-0.04%
ABR	C	-0.04%
WAFD	B	-0.04%
PRK	B	-0.04%
CACC	D	-0.04%
BOH	B	-0.04%
SFNC	C	-0.04%
FIBK	B	-0.04%
NMIH	C	-0.04%
WSFS	B	-0.04%
GNW	A	-0.04%
BHF	C	-0.04%
BXMT	C	-0.04%
APAM	B	-0.04%
BOKF	B	-0.04%
EBC	B	-0.04%
CATY	B	-0.04%
FHB	B	-0.04%
PJT	A	-0.04%
FHI	B	-0.04%
FBP	C	-0.04%
CBU	B	-0.04%
FULT	A	-0.04%
UCB	A	-0.04%
MCY	A	-0.03%
FLYW	B	-0.03%
STC	B	-0.03%
PRG	C	-0.03%
FRHC	B	-0.03%
TFIN	B	-0.03%
EFSC	B	-0.03%
TRMK	C	-0.03%
RKT	F	-0.03%
NBTB	B	-0.03%
FRME	B	-0.03%
RNST	B	-0.03%
EVTC	B	-0.03%
IBTX	B	-0.03%
BANC	B	-0.03%
BANR	B	-0.03%
PLMR	A	-0.03%
MQ	D	-0.03%
SBCF	B	-0.03%
PFS	B	-0.03%
BANF	B	-0.03%
ENVA	B	-0.03%
TOWN	B	-0.03%
FFBC	B	-0.03%
PPBI	C	-0.03%
BFH	C	-0.03%
TBBK	B	-0.03%
VCTR	B	-0.03%
HTLF	B	-0.03%
PAYO	A	-0.03%
VIRT	A	-0.03%
SNEX	B	-0.03%
GSHD	A	-0.03%
BHLB	B	-0.02%
RC	D	-0.02%
PMT	C	-0.02%
SAFT	B	-0.02%
NAVI	F	-0.02%
ARI	C	-0.02%
GABC	B	-0.02%
LMND	B	-0.02%
EIG	B	-0.02%
WT	A	-0.02%
LADR	B	-0.02%
LOB	C	-0.02%
SPNT	B	-0.02%
QCRH	B	-0.02%
NIC	B	-0.02%
TCBK	C	-0.02%
BUSE	B	-0.02%
WABC	B	-0.02%
CUBI	B	-0.02%
STBA	B	-0.02%
VBTX	B	-0.02%
CODI	B	-0.02%
HOPE	C	-0.02%
HTH	C	-0.02%
SKWD	A	-0.02%
SASR	B	-0.02%
VRTS	B	-0.02%
HMN	B	-0.02%
NWBI	B	-0.02%
NNI	D	-0.02%
LC	A	-0.02%
DFIN	D	-0.02%
LKFN	C	-0.02%
NBHC	C	-0.02%
FCF	B	-0.02%
FBNC	B	-0.02%
AGM	B	-0.02%
CHCO	B	-0.02%
SYBT	B	-0.02%
CASH	B	-0.02%
NATL	B	-0.02%
TRUP	B	-0.02%
FBK	C	-0.02%
WSBC	B	-0.02%
OFG	B	-0.02%
WRLD	C	-0.01%
HIFS	C	-0.01%
KRNY	C	-0.01%
FFIC	B	-0.01%
MPB	B	-0.01%
DHIL	B	-0.01%
SPFI	C	-0.01%
UFCS	A	-0.01%
PAY	A	-0.01%
CARE	C	-0.01%
PX	A	-0.01%
HONE	C	-0.01%
SMBK	B	-0.01%
THFF	B	-0.01%
TIPT	C	-0.01%
AROW	B	-0.01%
BHB	C	-0.01%
NFBK	C	-0.01%
CCBG	B	-0.01%
TRTX	C	-0.01%
AMBC	C	-0.01%
PGC	B	-0.01%
FMNB	B	-0.01%
MCB	B	-0.01%
MSBI	B	-0.01%
GDOT	D	-0.01%
IIIV	C	-0.01%
CCNE	C	-0.01%
CASS	C	-0.01%
UVE	B	-0.01%
GSBC	C	-0.01%
AMAL	B	-0.01%
LPRO	B	-0.01%
NRDS	C	-0.01%
IMXI	B	-0.01%
UWMC	D	-0.01%
WASH	C	-0.01%
SMBC	B	-0.01%
EQBK	B	-0.01%
HTBK	B	-0.01%
EZPW	B	-0.01%
CAC	C	-0.01%
TRST	B	-0.01%
BFST	C	-0.01%
RPAY	D	-0.01%
TREE	F	-0.01%
MBWM	B	-0.01%
KREF	C	-0.01%
IBCP	B	-0.01%
CFB	B	-0.01%
CCB	A	-0.01%
HBNC	B	-0.01%
FCBC	C	-0.01%
HAFC	B	-0.01%
CMTG	F	-0.01%
AMTB	B	-0.01%
BY	B	-0.01%
OSBC	A	-0.01%
PRA	C	-0.01%
CPF	B	-0.01%
PRAA	D	-0.01%
EGBN	B	-0.01%
MBIN	F	-0.01%
FMBH	B	-0.01%
CTBI	B	-0.01%
BSIG	A	-0.01%
TMP	B	-0.01%
BRSP	C	-0.01%
HFWA	C	-0.01%
UVSP	B	-0.01%
CFFN	C	-0.01%
PFC	B	-0.01%
BFC	B	-0.01%
CNOB	B	-0.01%
SBSI	C	-0.01%
DX	B	-0.01%
HCI	C	-0.01%
OBK	C	-0.01%
RWT	D	-0.01%
BRKL	B	-0.01%
FBMS	B	-0.01%
PEBO	B	-0.01%
EFC	C	-0.01%
AMSF	B	-0.01%
DCOM	B	-0.01%
ECPG	C	-0.01%
FBRT	D	-0.01%
OCFC	B	-0.01%
PFBC	B	-0.01%
SRCE	B	-0.01%
CNNE	B	-0.01%
RILY	F	-0.0%
AC	B	-0.0%
HMST	F	-0.0%
JRVR	F	-0.0%
DGICA	A	-0.0%
ACRE	B	-0.0%
BMRC	B	-0.0%
FFWM	C	-0.0%