WBIG vs. ACWV ETF Comparison

Comparison of WBI Large Cap Tactical Yield Shares (WBIG) to iShares MSCI All Country World Minimum Volatility Index Fund (ACWV)

WBIG

WBI Large Cap Tactical Yield Shares

WBIG 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 dividend-paying 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 attractive dividend payment prospects, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$25.58

Average Daily Volume

2,881

Number of Holdings ^*

* may have additional holdings in another (foreign) market

ACWV

iShares MSCI All Country World Minimum Volatility Index Fund

ACWV Description

The investment seeks to track the investment results of an index composed of developed and emerging market equities that, in the aggregate, have lower volatility characteristics relative to the broader developed and emerging equity markets. The fund generally invests at least 90% of its assets in securities of the underlying index or in depositary receipts representing securities in the underlying index. It seeks to track the underlying index, which has been developed by MSCI Inc. ("MSCI") to measure the combined performance of equity securities in both emerging and developed markets that in aggregate have lower volatility. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$114.35

Average Daily Volume

116,295

Number of Holdings ^*

139

* may have additional holdings in another (foreign) market

Performance

Period	WBIG	ACWV
30 Days	5.01%	1.26%
60 Days	4.54%	-0.54%
90 Days	5.98%	0.99%
12 Months	17.73%	19.01%

12 Overlapping Holdings

Symbol	Grade	Weight in WBIG	Weight in ACWV	Overlap
BDX	F	4.53%	0.22%	0.22%
BMY	B	4.9%	0.25%	0.25%
CI	D	1.17%	0.24%	0.24%
FANG	F	1.14%	0.06%	0.06%
GILD	B	1.43%	0.48%	0.48%
KHC	D	3.36%	0.33%	0.33%
MCK	C	0.72%	1.42%	0.72%
MMC	A	3.72%	0.88%	0.88%
T	A	4.56%	0.26%	0.26%
TSN	B	1.39%	0.32%	0.32%
V	A	0.63%	0.59%	0.59%
WRB	A	4.68%	0.41%	0.41%

WBIG Overweight 27 Positions Relative to ACWV

Symbol	Grade	Weight
CHRD	F	4.66%
F	C	4.61%
TROW	A	4.54%
NEU	C	3.99%
PR	C	3.93%
JEPQ	A	3.75%
UHS	D	2.12%
AGZD	B	2.12%
FLTR	A	2.11%
FALN	A	2.1%
FTSL	B	1.93%
STIP	B	1.52%
UNM	A	1.45%
MDT	D	1.27%
RGA	A	1.25%
CINF	A	1.24%
HPE	B	1.2%
RTX	D	1.14%
SYY	C	1.09%
OKE	C	0.94%
BKLN	A	0.9%
AME	A	0.62%
AXP	A	0.59%
PAYX	B	0.55%
BR	A	0.54%
PH	A	0.53%
RMD	C	0.49%

WBIG Underweight 127 Positions Relative to ACWV

Symbol	Grade	Weight
TMUS	A	-2.03%
MSI	C	-1.88%
WMT	B	-1.82%
CSCO	A	-1.57%
WM	A	-1.5%
ROP	B	-1.36%
RSG	A	-1.19%
VRTX	D	-1.13%
PEP	F	-1.08%
MRK	F	-1.06%
JNJ	D	-1.05%
COR	C	-1.05%
MCD	D	-1.02%
BRK.A	B	-0.91%
CB	D	-0.88%
PGR	A	-0.84%
ED	D	-0.84%
UNH	B	-0.83%
KR	A	-0.83%
PG	A	-0.82%
DUK	C	-0.81%
SO	D	-0.8%
NOC	D	-0.77%
AZO	C	-0.77%
VZ	B	-0.76%
MSFT	D	-0.76%
IBM	C	-0.73%
WEC	A	-0.68%
GDDY	B	-0.64%
EA	C	-0.63%
ORLY	B	-0.62%
REGN	F	-0.61%
GIS	D	-0.61%
K	A	-0.57%
ACGL	D	-0.57%
CBOE	B	-0.54%
APH	B	-0.54%
ORCL	C	-0.54%
LLY	F	-0.52%
ABBV	D	-0.49%
FI	A	-0.48%
CHD	B	-0.46%
HSY	F	-0.44%
MKL	A	-0.43%
ELV	F	-0.42%
KEYS	B	-0.41%
L	B	-0.4%
UTHR	C	-0.4%
WCN	A	-0.39%
INCY	C	-0.38%
CHT	C	-0.37%
TJX	A	-0.37%
BAH	F	-0.37%
KDP	D	-0.36%
FFIV	A	-0.36%
CL	D	-0.35%
VRSN	F	-0.35%
AON	A	-0.35%
AMGN	D	-0.34%
AJG	A	-0.33%
TRV	B	-0.32%
JNPR	F	-0.32%
NBIX	C	-0.31%
HUM	C	-0.31%
BRO	B	-0.3%
GEN	A	-0.3%
KMB	C	-0.3%
AKAM	F	-0.27%
SJM	D	-0.27%
ACN	B	-0.26%
ERIE	D	-0.26%
MDLZ	F	-0.25%
CF	B	-0.25%
YUM	B	-0.24%
FCNCA	B	-0.23%
LMT	D	-0.23%
CME	A	-0.23%
HRL	D	-0.23%
FWONK	A	-0.22%
PTC	A	-0.22%
CPB	D	-0.22%
CTSH	B	-0.21%
ROL	B	-0.21%
MFG	B	-0.21%
JKHY	D	-0.2%
MA	B	-0.19%
BMRN	F	-0.19%
DPZ	C	-0.19%
CAH	B	-0.18%
GD	F	-0.18%
LNG	B	-0.16%
ULTA	F	-0.16%
CMS	C	-0.16%
MPC	F	-0.15%
DGX	B	-0.15%
AIZ	B	-0.13%
WIT	A	-0.12%
CTVA	B	-0.12%
MOH	F	-0.12%
FICO	B	-0.12%
MNST	B	-0.12%
AZPN	A	-0.11%
TDY	B	-0.11%
AEE	A	-0.11%
XEL	A	-0.11%
EG	C	-0.1%
WTW	B	-0.1%
XOM	C	-0.1%
WDAY	C	-0.1%
PCG	B	-0.1%
ABT	B	-0.1%
TPL	B	-0.1%
NEM	F	-0.09%
TRGP	B	-0.08%
AEP	D	-0.07%
IT	C	-0.07%
KNX	B	-0.06%
ANET	C	-0.06%
DINO	F	-0.06%
CHRW	C	-0.06%
CAG	D	-0.05%
GPC	D	-0.05%
HOLX	D	-0.05%
ACI	C	-0.05%
KO	D	-0.05%
HSIC	B	-0.05%
HKD	F	-0.0%