WBIY
WBI Power Factor High Dividend ETF
The WBI Power Factor High Dividend ETF tracks an index of 50 US firms selected for high expected dividend yield and strong fundamental factors, and weighted by expected dividend yield.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
61.0 M
ASSETS UNDER MGMT
100 bp
EXPENSES
Fund Basics
| Fund sponsor | Millington Securities Inc |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 19, 2016 |
| Assets (mns) | $61 |
| Expense ratio | 100 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Fundamental |
| Weighting | Dividend |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| ALTRIA GROUP INC | 5.5 % |
| KINDER MORGAN INC | 5.3 % |
| AT&T INC | 5.1 % |
| VERIZON COMMUNICATIONS INC | 4.8 % |
| FORD MOTOR CO | 4.7 % |
| UNITED PARCEL SERVICE-CL B | 4.7 % |
| CONAGRA FOODS INC | 4.6 % |
| DOMINION RESOURCES INC/VA | 4.4 % |
| LYONDELLBASELL INDU-CL A | 4.1 % |
| FRANKLIN RESOURCES INC | 3.5 % |
Constituent Breakdown
| Number of holdings | 51 |
| Herfindahl-Hirschman Index | 323 |
| Wgt avg mkt cap (mns) | $51,026 |
| Large cap (>$10bn) | 61.7% |
| Mid cap ($2-10bn) | 32.9% |
| Small cap (<$2bn) | 4.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 89.4 % |
 |
BRITAIN | 8.6 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 16.5% | 26.4% | 12.6% | 12.9% | 10.3% | -- | 9.0% | Volatility | 13.7% | 15.3% | 18.0% | 19.2% | 27.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.99 | 67% |
| MSCI EAFE | 1.03 | 72% |
| MSCI Emg Mkts | 0.80 | 43% |
Liquidity Measures
| Avg. volume (000) | 5 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.34% |
| ADV of underlying (mns) | $6,940 |
Technical Indicators
| Recent close | $29.78 |
| 30d moving avg. | $31.82 |
| Annualized volatility | 21.2% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.4% |
| Short interest (underlying) | 4.2% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. WBIY |
Expenses vs. WBIY |
ALTAR Score™ vs. WBIY |
|---|---|---|---|---|
| FDL | First Trust Morningstar Dividend Leaders Index Fund | 28.7% | -55 bp | -2.3% |
| SDOG | ALPS Sector Dividend Dogs ETF | 27.7% | -64 bp | -2.0% |
| DVY | iShares Select Dividend ETF | 24.6% | -62 bp | -3.2% |
| SPHD | Invesco S&P 500 High Dividend Low Volatility ETF | 22.6% | -70 bp | -3.2% |
| PEY | Invesco High Yield Equity Dividend Achievers ETF | 22.4% | -48 bp | -1.2% |
| DIVY | Sound Equity Dividend Income ETF | 21.1% | -55 bp | -1.4% |
| RDIV | Invesco S&P Ultra Dividend Revenue ETF | 20.7% | -61 bp | -2.4% |
| SPYD | SPDR Portfolio S&P 500 High Dividend ETF | 20.2% | -93 bp | -2.5% |
| SPDV | AAM S&P 500 High Dividend Value ETF | 19.9% | -71 bp | -1.7% |
| SCHD | Schwab US Dividend Equity ETF | 19.5% | -94 bp | -1.9% |
Risk and Returns: WBIY vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
WBIY
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
WBIY
11.9%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. WBIY's ALTAR Score™ is approximately
2.4 standard deviations
above
the category average. This places WBIY in the 99th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
WBIYSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| WBIY (100 bp) Percentile rank | 95 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| WBIY | 100.0 | 34.1 | 134.1 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .