WBIF vs. XSMO ETF Comparison

Comparison of WBI Large Cap Tactical Value Shares (WBIF) to Invesco S&P SmallCap Momentum ETF (XSMO)

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

$29.68

Average Daily Volume

1,494

Number of Holdings ^*

* may have additional holdings in another (foreign) market

XSMO

Invesco S&P SmallCap Momentum ETF

XSMO Description

The Invesco S&P SmallCap Momentum ETF (Fund) is based on the S&P Smallcap 600 Momentum Index (Index). The Fund will invest at least 90% of its total assets in the component securities that comprise the Index. The Index is composed of securities 120 securities in the S&P SmallCap 600® Index having the highest “momentum scores,” calculated pursuant to the index methodology. which are computed by measuring the upward price movements of each security as compared to other eligible stocks within the S&P Midcap 600 Index. The Fund and the Index are rebalanced and reconstituted semi-annually.

Grade (RS Rating)

Last Trade

$60.82

Average Daily Volume

145,439

Number of Holdings ^*

112

* may have additional holdings in another (foreign) market

Performance

Period	WBIF	XSMO
30 Days	-1.79%	2.44%
60 Days	-0.02%	4.71%
90 Days	4.63%	5.77%
12 Months	14.34%	37.67%

1 Overlapping Holdings

	Symbol	Grade	Weight in WBIF	Weight in XSMO	Overlap
	BCC	D	1.82%	2.61%	1.82%

WBIF Overweight 32 Positions Relative to XSMO

Symbol	Grade	Weight
MO	A	5.12%
KNTK	A	4.83%
TW	A	4.43%
CHD	A	4.14%
HRB	B	4.09%
KMB	B	4.05%
HPQ	C	3.99%
GIS	C	3.95%
MA	D	3.87%
BR	D	3.87%
CDW	F	3.59%
MSFT	C	3.05%
PANW	B	2.41%
AXP	A	2.38%
GRMN	A	2.33%
CARR	A	2.24%
EBAY	D	2.19%
NXPI	A	2.18%
RGA	A	2.07%
CI	D	2.07%
UHS	D	2.06%
UNM	B	2.03%
DKS	C	2.0%
MAR	D	1.93%
F	D	1.93%
WRB	D	1.88%
CNA	B	1.86%
HAL	F	1.85%
PCAR	D	1.83%
SLB	F	1.8%
TGT	D	1.47%
SYY	D	0.81%

WBIF Underweight 111 Positions Relative to XSMO

Symbol	Grade	Weight
ANF	B	-3.01%
NSIT	A	-2.32%
IBP	D	-2.3%
MLI	B	-2.18%
MTH	A	-2.01%
AMR	D	-1.92%
FN	C	-1.83%
VRRM	A	-1.82%
SPSC	B	-1.79%
FSS	B	-1.78%
COOP	A	-1.75%
ENSG	D	-1.68%
AAON	C	-1.68%
GKOS	B	-1.67%
MHO	D	-1.61%
MOG.A	A	-1.56%
MATX	B	-1.53%
RDN	C	-1.53%
SKYW	B	-1.46%
AWI	D	-1.43%
ITGR	D	-1.35%
HCC	B	-1.35%
BMI	A	-1.27%
AGO	D	-1.24%
TPH	A	-1.24%
DV	F	-1.22%
RDNT	B	-1.17%
AROC	B	-1.14%
GMS	C	-1.13%
WIRE	B	-1.13%
SKT	D	-1.1%
OTTR	B	-1.09%
AVAV	A	-1.03%
IDCC	B	-1.02%
ACA	B	-0.97%
WDFC	D	-0.96%
SHAK	B	-0.88%
CRS	B	-0.86%
MYRG	D	-0.85%
GFF	C	-0.85%
FORM	A	-0.84%
YELP	D	-0.82%
NMIH	A	-0.81%
GPI	B	-0.81%
LRN	A	-0.78%
LBRT	B	-0.78%
CEIX	D	-0.76%
ARCB	F	-0.75%
ROCK	D	-0.74%
VECO	B	-0.73%
PIPR	A	-0.7%
LPG	B	-0.69%
RUSHA	D	-0.69%
NPO	D	-0.68%
FBP	A	-0.68%
PLUS	C	-0.68%
PATK	C	-0.67%
AZZ	C	-0.67%
POWL	B	-0.66%
CCS	D	-0.65%
WOR	D	-0.64%
APAM	C	-0.63%
TNC	D	-0.62%
VCEL	C	-0.62%
CRVL	B	-0.61%
OSIS	D	-0.59%
HWKN	B	-0.59%
GSHD	F	-0.59%
ALG	D	-0.57%
RAMP	F	-0.55%
URBN	D	-0.55%
PLAB	B	-0.54%
NHC	B	-0.54%
AMPH	F	-0.53%
ANDE	F	-0.52%
SXI	D	-0.52%
MTRN	F	-0.52%
HNI	A	-0.51%
AMWD	D	-0.48%
PARR	F	-0.46%
GRBK	D	-0.46%
AIR	B	-0.46%
PJT	B	-0.46%
STC	B	-0.45%
OFG	A	-0.44%
CARG	D	-0.44%
ATGE	A	-0.43%
UFPT	B	-0.43%
CXW	C	-0.41%
ARLO	A	-0.41%
JOE	B	-0.4%
IPAR	F	-0.4%
GBX	B	-0.4%
DFIN	B	-0.4%
SPNT	C	-0.38%
GIII	D	-0.37%
EPAC	B	-0.37%
CUBI	D	-0.35%
PRG	B	-0.35%
KOP	F	-0.34%
TBBK	D	-0.32%
HCI	B	-0.28%
JBSS	D	-0.24%
INVA	B	-0.23%
ANIP	D	-0.2%
ZEUS	F	-0.19%
NABL	D	-0.19%
CNXN	D	-0.19%
IIIN	D	-0.14%
WSR	C	-0.14%
WRLD	B	-0.11%