WBIY vs. EMLP ETF Comparison

Comparison of WBI Power Factor High Dividend ETF (WBIY) to First Trust North American Energy Infrastructure Fund (EMLP)

WBIY

WBI Power Factor High Dividend ETF

WBIY Description

The investment seeks long term-capital appreciation while also seeking to protect principal during unfavorable market conditions. The fund will seek to achieve its investment objective by using a broad and flexible investment strategy and may invest directly in different types of instruments, such as: stocks and bonds issued by public and private companies and bonds issued by governments and governmental agencies ("Direct Investments"); and shares of funds that invest directly in such instruments. It is non-diversified.

Grade (RS Rating)

Last Trade

$32.35

Average Daily Volume

6,009

Number of Holdings ^*

* may have additional holdings in another (foreign) market

EMLP

First Trust North American Energy Infrastructure Fund

EMLP Description

The investment seeks total return. The fund invests at least 80% of its net assets (plus the amount of any borrowing for investment purposes) in equity securities of companies deemed by the sub-advisor to be engaged in the energy infrastructure sector. These companies principally include publicly-traded master limited partnerships and limited liability companies taxed as partnerships ("MLPs"), MLP affiliates, Canadian income trusts and their successor companies, pipeline companies, utilities, and other companies. It is non-diversified.

Grade (RS Rating)

Last Trade

$37.78

Average Daily Volume

162,141

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	WBIY	EMLP
30 Days	4.72%	9.99%
60 Days	5.37%	12.10%
90 Days	6.99%	16.42%
12 Months	27.95%	42.23%

5 Overlapping Holdings

Symbol	Grade	Weight in WBIY	Weight in EMLP	Overlap
CWEN	C	0.71%	0.52%	0.52%
D	C	4.67%	0.76%	0.76%
HESM	B	1.01%	0.62%	0.62%
KMI	A	5.41%	4.87%	4.87%
UGI	A	1.43%	0.08%	0.08%

WBIY Overweight 44 Positions Relative to EMLP

Symbol	Grade	Weight
MO	A	5.59%
F	C	4.99%
T	A	4.84%
UPS	C	4.82%
VZ	C	4.77%
LYB	F	4.48%
CAG	D	4.24%
KSS	F	3.84%
BEN	C	3.46%
DINO	D	3.2%
M	D	3.0%
WHR	B	2.93%
CVX	A	2.43%
CRI	D	1.9%
OMF	A	1.87%
VLY	B	1.85%
COLB	A	1.75%
RF	A	1.72%
HBAN	A	1.72%
CFG	B	1.62%
PRU	A	1.56%
CNH	C	1.53%
WU	D	1.43%
IPG	D	1.33%
CVS	D	1.3%
FULT	A	1.09%
TNL	A	1.09%
MAN	D	0.9%
BKH	A	0.81%
KNTK	B	0.8%
PINC	B	0.74%
DIN	C	0.68%
APAM	B	0.62%
FIBK	A	0.6%
GES	F	0.5%
WSBC	A	0.35%
HOPE	B	0.33%
GSL	F	0.32%
METC	C	0.29%
BRKL	B	0.28%
EMBC	C	0.27%
VRTS	B	0.27%
OCFC	B	0.26%
ASC	F	0.24%

WBIY Underweight 46 Positions Relative to EMLP

Symbol	Grade	Weight
EPD	A	-8.77%
ET	A	-7.17%
OKE	A	-5.41%
DTM	B	-4.56%
PAGP	A	-4.53%
SRE	A	-4.15%
MPLX	A	-3.98%
TRGP	B	-3.47%
NFG	A	-2.89%
WMB	A	-2.46%
PPL	B	-2.43%
PEG	A	-2.29%
AEP	D	-2.27%
PWR	A	-2.24%
ATO	A	-1.61%
LNG	B	-1.6%
AES	F	-1.46%
LNT	A	-1.43%
VST	B	-1.34%
ETR	B	-1.28%
SUN	B	-1.24%
DTE	C	-1.22%
XEL	A	-1.15%
FLR	B	-1.14%
CQP	B	-1.05%
OGS	A	-1.02%
WEC	A	-1.01%
CMS	C	-0.97%
EVRG	A	-0.82%
CNP	B	-0.81%
WLKP	A	-0.76%
DUK	C	-0.69%
NEP	F	-0.58%
AROC	B	-0.57%
IDA	A	-0.52%
WTRG	B	-0.51%
NEE	D	-0.46%
SO	D	-0.45%
NJR	A	-0.44%
AEE	A	-0.28%
CEG	D	-0.26%
CPK	A	-0.24%
USAC	B	-0.11%
EXC	C	-0.09%
AWK	D	-0.05%
ENLC	A	-0.0%