The WBI Shares, Inc. is the issuer behind the WBI Tactical High Income Shares ETF (WBIY), an exchange-traded fund designed to achieve its investment objective by tracking the performance of the WBI Tactical High Income Index. This index is maintained and calculated by Solactive AG, an independent organization separate from the ETF, WBI Investments, Inc. (the sub-advisor), and Millington Securities, Inc. (the advisor). The WBI Tactical High Income Index is carefully constructed to select securities from the Solactive US Broad Market Index based on specific yield and fundamental value characteristics. These characteristics include trailing 12-month diluted earnings from continuing operations to price ratio (E/P), trailing 12-month free cash flow to price ratio (FCF/P), and trailing 12-month sales to price ratio (S/P).
The WBI Tactical High Income Shares ETF (WBIY) focuses on generating income through its unique investment strategy. This ETF seeks to achieve its investment objective by tracking the performance of the Solactive Power Factor® High Dividend Index. The index selects equity securities from the Solactive US Broad Market Index that exhibit strong dividend yield potential, based on three fundamental value characteristics: Trailing 12-month diluted earnings from continuing operations to price ratio (E/P), Trailing 12-month free cash flow to price ratio (FCF/P), and Trailing 12-month sales to price ratio (S/P).
Tracking the Solactive US Broad Market Index is at the core of the WBI YieldShares Equity ETF's strategy. WBIY seeks to achieve its investment objective by attempting to track the investment results of the Underlying Index, which selects securities from the Solactive US Broad Market Index based on certain yield and fundamental value characteristics. The Underlying Index is designed to include large, mid, and small-cap securities listed in the U.S., emphasizing those with above-average forecasted dividend yield and strong fundamental value characteristics. WBIY utilizes a passive replication strategy to closely align its performance with that of the Underlying Index, making it an attractive option for investors seeking dividend-focused exposure in the U.S. equity market.
The correlation aspect of the WBI Yield Enhanced U.S. Equity ETF (WBIY) is essential for investors seeking to understand its behavior in relation to the broader U.S. equity market. This ETF aims to track the performance of the Underlying Index, which selects U.S. securities exhibiting specific yield and fundamental value characteristics. While the correlation of WBIY with the broader market may vary due to its unique selection criteria, investors can leverage the ETF Insider web app to explore and analyze correlations with precision. This tool provides deep and insightful data on various U.S. ETFs, allowing users to visualize overlaps and make informed investment decisions.
The WBI Yield Enhancement Shares ETF (WBIY) focuses on sectors with securities exhibiting specific yield and fundamental value characteristics. It tracks the Solactive US Broad Market Index, selecting securities from this index based on factors like trailing 12-month diluted earnings, free cash flow, and sales to price ratios. The ETF aims to achieve above-average forecasted dividend yields, ultimately constructing a portfolio that provides investors with exposure to dividend-paying securities that exceed median yields in the parent index. WBIY Sector may concentrate its investments in particular industries or sectors similar to the Underlying Index.
The exposure characteristic of the WBI Power Factor High Dividend ETF (WBIY) revolves around its investment strategy targeting dividend yield and fundamental value characteristics in the U.S. equity market. WBIY seeks to track the Solactive Power Factor High Dividend Index, composed of large, mid, and small-cap securities selected based on factors like trailing 12-month earnings, free cash flow, and sales to price ratio. This ETF aims to provide investors with exposure to companies with strong dividend potential and solid fundamentals, making it an attractive option for income-oriented investors looking for diversified exposure to the U.S. market.
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