WBIL vs. CWS ETF Comparison

Comparison of WBI Large Cap Tactical Select Shares (WBIL) to AdvisorShares Focused Equity ETF (CWS)

WBIL

WBI Large Cap Tactical Select Shares

WBIL 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 financial condition and prospects for ongoing financial stability, and up to 20% of its net assets in other tactical investment opportunities.

Grade (RS Rating)

Last Trade

$33.11

Average Daily Volume

2,664

Number of Holdings ^*

* may have additional holdings in another (foreign) market

CWS

AdvisorShares Focused Equity ETF

CWS Description

The AdvisorShares Focused Equity ETF seeks long-term capital appreciation. CWS aims to achieve its investment objective by investing primarily in a focused group of U.S. exchange-listed equity securities that the portfolio manager believes have favorable fundamental attributes.

Grade (RS Rating)

Last Trade

$59.87

Average Daily Volume

15,982

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIL	CWS
30 Days	-2.39%	-3.07%
60 Days	1.79%	-1.61%
90 Days	7.72%	1.56%
12 Months	17.83%	17.46%

2 Overlapping Holdings

	Symbol	Grade	Weight in WBIL	Weight in CWS	Overlap
	INTU	C	1.9%	3.84%	1.9%
	SYK	C	3.86%	4.43%	3.86%

WBIL Overweight 28 Positions Relative to CWS

Symbol	Grade	Weight
SJNK	B	9.75%
GRMN	A	5.13%
RGA	B	4.91%
META	A	4.86%
WRB	B	4.85%
MAR	B	4.76%
UNM	B	4.7%
CI	A	4.41%
KKR	B	4.06%
NFLX	A	4.05%
HCA	B	3.97%
NXPI	C	3.93%
UHS	C	2.85%
CAT	A	2.57%
MPC	A	2.5%
TTD	A	2.41%
QCOM	A	2.18%
AVGO	A	2.13%
AMP	B	2.07%
BX	C	1.94%
COST	C	1.85%
VRSK	D	1.69%
ROK	D	1.68%
RNR	C	1.68%
EA	D	1.64%
AAPL	F	1.63%
ADBE	D	1.44%
LULU	F	1.36%

WBIL Underweight 21 Positions Relative to CWS

Symbol	Grade	Weight
MLR	A	-4.63%
APH	A	-4.41%
HEI	A	-4.23%
OTIS	A	-4.19%
TMO	B	-4.1%
SLGN	A	-4.03%
ICE	C	-4.01%
CE	B	-3.92%
ABT	C	-3.9%
AFL	B	-3.89%
HSY	F	-3.89%
ROL	B	-3.88%
FICO	D	-3.85%
SAIC	D	-3.79%
BR	B	-3.77%
MCO	C	-3.75%
PII	D	-3.7%
MGRC	D	-3.69%
AGM	C	-3.64%
FDS	D	-3.52%
AWK	F	-3.47%