WBI Power Factor High Dividend ETF

TICKER

WBIY

INCEPTION DATE

12/19/2016

NAV

$24.31
As of 09/09/2019

FUND NET ASSETS

$96.03 (MM)
As of 09/09/2019

30-DAY SEC YIELD

4.53%
As of 7/31/2019

30-DAY SEC YIELD (UNSUB.)

4.54%
As of 7/31/2019

WHAT MAKES WBIY SO SMART?

We believe that WBIY’s multi-factor, actively rebalanced process is the most advanced Smart Beta approach in the marketplace today – one that is designed to help solve an investor’s need for high current income, inflation protection, and consistent capital growth. So how does WBIY work?

Watch the video to find out.

The WBIY Power Factor

WBIY is designed to track the Solactive Power Factor High Dividend Index. The Index screens for securities based on three fundamental value characteristics, or “Power Factors”:

Trailing 12-month diluted earnings from continuing operations to price (E/P Ratio)
Trailing 12-month free cash flow to price (FCF/P Ratio)
Trailing 12-month sales to price (S/P Ratio)

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Stock Selection Process

The goal of the Solactive Power Factor High Dividend Index and WBIY product design is to improve performance through superior security selection. Quarterly rebalancing provides a more active approach than you would find in similar offerings. The process identifies the “Top 50” highest dividend-yielding U.S. common stocks that also have high quality fundamentals.

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Documents

Fund Performance

WBIY Investment Process Overview

Daily Holdings:

Date	Account	StockTicker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag	IncomeByPosition
09/10/2019	WBIY	STX	G7945M107	SEAGATE TECHNOLOGY PLC	98,987	54.780000	5422507.86	5.65%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	T	00206R102	AT&T INC	144,929	36.790000	5331937.91	5.55%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	VZ	92343V104	VERIZON COMMUNICATIONS INC	82,134	58.660000	4817980.44	5.02%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	ABBV	00287Y109	ABBVIE INC	70,266	66.700000	4686742.20	4.88%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	IBM	459200101	INTERNATIONAL BUSINESS MACHS COM	31,405	142.600000	4478353.00	4.66%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	VLO	91913Y100	VALERO ENERGY CORP NEW	56,375	79.380000	4475047.50	4.66%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	F	345370860	FORD MTR CO DEL	467,411	9.540000	4459100.94	4.64%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	MO	02209S103	ALTRIA GROUP INC	92,514	44.040000	4074316.56	4.24%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	JWN	655664100	NORDSTROM INC	112,182	32.770000	3676204.14	3.83%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	K	487836108	KELLOGG CO	50,669	64.170000	3251429.73	3.39%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	LYB	N53745100	LYONDELLBASELL INDUSTRIES N V SHS - A -	39,670	81.460000	3231518.20	3.37%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	IP	460146103	INTL PAPER CO	76,822	40.160000	3085171.52	3.21%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	WRK	96145D105	WESTROCK CO	80,827	35.950000	2905730.65	3.03%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	KSS	500255104	KOHLS CORP	44,082	51.060000	2250826.92	2.34%	96030820.00	3950000	79		29534.94
09/10/2019	WBIY	NYCB	649445103	NEW YORK CMNTY BANCORP INC	177,648	12.610000	2240141.28	2.33%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	CC	163851108	CHEMOURS CO	132,550	15.840000	2099592.00	2.19%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	GPS	364760108	GAP INC	110,260	17.960000	1980269.60	2.06%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	M	55616P104	MACYS INC	121,833	16.180000	1971257.94	2.05%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	Cash&Other	Cash&Other	Cash & Other	1,684,162	1.000000	1684161.61	1.75%	96030820.00	3950000	79	Y
09/10/2019	WBIY	IVZ	G491BT108	INVESCO LTD	91,613	16.410000	1503369.33	1.57%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	TPR	876030107	TAPESTRY INC	58,640	24.290000	1424365.60	1.48%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	WU	959802109	WESTERN UN CO	59,992	23.300000	1397813.60	1.46%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	HOG	412822108	HARLEY DAVIDSON INC	38,493	34.400000	1324159.20	1.38%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	HBAN	446150104	HUNTINGTON BANCSHARES INC	92,236	14.170000	1306984.12	1.36%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	AMC	00165C104	AMC ENTMT HLDGS INC	110,779	11.680000	1293898.72	1.35%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	GIS	370334104	GENERAL MLS INC	23,095	55.590000	1283851.05	1.34%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	PAGP	72651A207	PLAINS GP HLDGS L P	57,449	22.100000	1269622.90	1.32%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	KEY	493267108	KEYCORP NEW	69,962	17.670000	1236228.54	1.29%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	RLGY	75605Y106	REALOGY HLDGS CORP	225,516	5.480000	1235827.68	1.29%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	IPG	460690100	INTERPUBLIC GROUP COS INC	58,141	21.070000	1225030.87	1.28%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	PACW	695263103	PACWEST BANCORP DEL	33,002	35.910000	1185101.82	1.23%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	HRB	093671105	BLOCK H & R INC	43,665	24.200000	1056693.00	1.10%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	PRU	744320102	PRUDENTIAL FINL INC	12,131	84.200000	1021430.20	1.06%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	BGS	05508R106	B & G FOODS INC NEW	50,466	19.020000	959863.32	1.00%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	VIRT	928254101	VIRTU FINL INC	49,389	19.480000	962097.72	1.00%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	FNB	302520101	FNB CORP PA	85,337	11.020000	940413.74	0.98%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	TLRD	87403A107	TAILORED BRANDS INC	146,064	6.190000	904136.16	0.94%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	NAVI	63938C108	NAVIENT CORPORATION	66,428	13.110000	870871.08	0.91%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	CVI	12662P108	CVR ENERGY INC	18,960	42.000000	796320.00	0.83%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	CHS	168615102	CHICOS FAS INC	188,969	3.800000	718082.20	0.75%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	WDR	930059100	WADDELL & REED FINL INC	39,639	17.510000	694078.89	0.72%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	PETS	716382106	PETMED EXPRESS INC	40,467	16.390000	663254.13	0.69%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	APAM	04316A108	ARTISAN PARTNERS ASSET MGMT IN CL A	22,440	28.250000	633930.00	0.66%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	GEF	397624107	GREIF INC	15,861	36.640000	581147.04	0.61%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	CVA	22282E102	COVANTA HLDG CORP	33,147	17.200000	570128.40	0.59%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	ODP	676220106	OFFICE DEPOT INC	311,577	1.590000	495407.43	0.52%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	BIG	089302103	BIG LOTS INC	20,343	24.170000	491690.31	0.51%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	NEWM	64704V106	NEW MEDIA INVT GROUP INC	53,407	9.070000	484401.49	0.50%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	HOPE	43940T109	HOPE BANCORP INC	34,189	14.130000	483090.57	0.50%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	BPFH	101119105	BOSTON PRIVATE FINL HLDGS INC COM	42,605	11.280000	480584.40	0.50%	96030820.00	3950000	79		0.00
09/10/2019	WBIY	XOM	30231G102	EXXON MOBIL CORP	5,783	71.490000	413426.67	0.43%	96030820.00	3950000	79		0.00

The performance data quoted represents past performance and is not a guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For most recent month-end performance, please click here.

An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their issuers change. High yielding stocks are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund’s performance. The Fund is not actively managed and the Sub-Advisor does not attempt to take defensive positions in declining markets. Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Other Fund risks include but are not limited to concentration risk, cyber security risk, small and mid-cap risk, tracking error risk, premium/discount risk, and valuation risk. Additional details regarding the risks of the Fund can be found in the prospectus.