WBI Power Factor High Dividend ETF
ALTAR
Score™
12.3% info Recommen-
dation
SPECULATIVE
2020E    2021E
P/E
ratio
8.8x P/Sales
ratio
0.5x
P/BV
ratio
1.3x Div.
yield
6.0%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
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.

FUND BASICS
Category US Equities
Fund Sponsor Millington Securities Inc
Website wbishares.com
Inception date Dec 19, 2016
Assets (mns) $78
Currency USD
Expense ratio 70 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Dividend
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 50
Wgt avg mkt cap (mns) $45,533
Large cap (>$10bn) 42.8%
Mid cap ($2-10bn) 49.0%
Small cap (<$2bn) 8.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
INTL BUSINESS MACHINES CORP 5.6 %
AT&T INC 5.2 %
VERIZON COMMUNICATIONS INC 4.9 %
GENERAL MOTORS CO 4.9 %
FORD MOTOR CO 4.4 %
MACY'S INC 4.0 %
SEAGATE TECHNOLOGY 4.0 %
L BRANDS, INC. 3.8 %
TALLGRASS ENERGY GP LP CLASS A 3.5 %
HANESBRANDS INC 3.1 %
Total 43.4 %

TOP COUNTRY EXPOSURE
UNITED STATES 92.3 %
IRELAND 4.0 %
BRITAIN 2.2 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-4.4% 8.4% -- -- 6.2%

Market Correlations
versus... Beta R-squared
S&P500 1.14 66%
MSCI EAFE 1.12 53%
MSCI Emg. Mkts. 0.70 36%

Technical Indicators
Recent close $22.65
30d moving avg. $25.81
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 30

Liquidity measures
Avg. volume (thou.) 13
Turnover 0.4%
Bid/Ask (% of price) 0.12%
ADV underlying (mns) $7,294

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the WBI Power Factor High Dividend ETF ETF based on the alternatives' overlap in portfolio holdings with WBIY. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: WBIY Expense: 70 bp ALTAR Score™: 12.3%


ALTERNATIVE ETFs BASED ON OVERLAP WITH WBIY
Ticker Fund
Name
Overlap1
vs WBIY
(%)
Expense
ratio
(bp)
Savings
vs WBIY
(bp)
ALTAR
Score™
(%)
ALTAR
vs WBIY
(%)
GBDV Global Beta Smart Income ETF 42.3 29 41 11.9 -0.4
RDIV Invesco S&P Ultra Dividend Revenue ETF 40.2 39 31 10.7 -1.6
SDOG ALPS Sector Dividend Dogs ETF 30.5 40 30 10.4 -1.9
SPYD SPDR S&P 500 High Dividend ETF 29.3 7 63 10.0 -2.3
FDL First Trust Morningstar Dividend Leaders Index Fund 26.6 45 25 9.3 -3.0
DVY iShares Select Dividend ETF 26.5 39 31 8.5 -3.8
SPDV AAM S&P 500 High Dividend Value ETF 26.2 29 41 10.8 -1.5
DVOP Source Dividend Opportunity ETF 21.8 50 20 9.5 -2.8
RPV Invesco S&P 500 Pure Value ETF 19.2 35 35 12.1 -0.2
DHS WisdomTree U.S. High Dividend Fund 19.1 38 32 8.6 -3.8
DVP Deep Value ETF 18.7 59 11 14.9 +2.6
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 18.1 30 40 8.8 -3.5
PWV Invesco Dynamic Large Cap Value ETF 16.3 55 15 9.1 -3.2
RCD Invesco S&P 500 Equal Weight Consumer Discretionary ETF 16.1 40 30 8.8 -3.6
SPVU Invesco S&P 500 Enhanced Value ETF 16.0 13 57 11.6 -0.7
QVAL Alpha Architect U.S. Quantitative Value ETF 16.0 49 21 12.8 +0.4
VLUE iShares Edge MSCI USA Value Factor ETF 15.2 15 55 11.4 -0.9
CDC Victory CEMP US EQ Income Enhanced Volatility Wtd Index ETF 15.1 35 35 8.8 -3.5
CDL Victory CEMP US Large Cap High Dividend Volatility Wtd Idx E 15.1 35 35 8.8 -3.5
FLAG FLAG-Forensic Accounting Long Short ETF 13.8 152 -82 8.7 -3.6

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
WBI Power Factor High Dividend ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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™


Calculation of ALTAR Score™
Avg. Return on Equity 17.1 %
Divided by: Fwd. P/BV 1.3 x
Less: Expense ratio 70 bp
Equals: ALTAR Score 12.3 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.79 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.