WBI BullBear Rising Income 1000 ETF

Data updated: 2021-05-17

C000137330 — WBI BullBear Rising Income 1000 ETF. Emerging Markets Large Cap Blend / Core Equity · $8.69M AUM. Holdings, fees, performance and SEC filings.

C000137330 Fund Overview

WBI BullBear Rising Income 1000 ETF is a US ETF managed by Absolute Shares Trust, categorised as Emerging Markets Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US ETF
  • Manager: Absolute Shares Trust
  • Category: Emerging Markets Large Cap Blend / Core Equity
  • Assets under management: $8.69M
  • 1-year return: 15.5%
  • SEC CIK: 0001591939
  • SEC series ID: S000044180
  • Share class ID: C000137330

C000137330 Investment Objective and Strategy

WBI BullBear Rising Income 1000 ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Absolute Shares Trust.

Investment objective

The WBI BullBear Rising Income 1000 ETFs (the Fund ) (formerly the WBI Tactical LCGD Shares) investment objectives are to seek long-term capital appreciation and the potential for current income, while also seeking to protect principal during unfavorable market conditions.

Principal investment strategy

The Fund will seek to invest in the equity securities of large capitalization domestic and foreign companies that WBI Investments, Inc., the sub-advisor ( Sub-Advisor ) to the Fund and an affiliate of Millington Securities Inc., the advisor ( Advisor ), believes display attractive prospects for growth in a companys intrinsic value and in other tactical investment opportunities. These securities will be selected on the basis of the Sub-Advisors investment process which includes a buy and sell discipline. The Funds buy discipline is driven by the Sub-Advisors proprietary selection process ( Selection Process ), as described further below. Cash and cash equivalents are some of the investment opportunities evaluated by the Selection Process. From time to time, the Fund may invest in and hold a significant percentage of its net assets in cash or cash equivalents as part of the normal operation of its investment strategy.

Large-capitalization companies are those that have higher market capitalization than small and mid capitalization companies are in their primary market when ranked in order of market capital. For publicly-traded U.S. companies in the current environment, this would include companies with market capitalizations of greater than approximately $10 billion. Large capitalization companies in non-U.S. markets may have capitalizations that differ from this U.S. Dollar equivalent amount because of the wide variation in the range of market capitalizations of companies available for investment in those markets. The types of equity securities in which the Fund will generally invest include common stocks, preferred stocks, rights, warrants, convertibles, exchange-traded funds ( ETFs ), real estate investment trusts ( REITs ) and master limited partnerships (businesses organized as partnerships which trade on public exchanges) ( MLPs ).

The types of debt securities in which the Fund will generally invest (or through which it will seek debt exposure) include fixed, floating, and variable rate corporate debt securities, U.S. Government securities, debt securities of foreign issuers, sovereign debt securities, U.S. Government agency securities, high-yield bonds (also known as junk bonds), ETFs, and exchange-traded notes ( ETNs ). An ETN is an unsecured debt security that trades on an established exchange. Its underlying value is determined by reference to an index, commodity, interest rate, or other objectively determined reference. The Fund expects to invest in debt securities of all maturities, from less than one year up to thirty years, depending on the portfolio managers assessment of the risks and opportunities along the yield curve.

(The yield curve refers to differences in yield among debt assets of varying maturities). The Fund may invest in small-capitalization and mid-capitalization equities, domestic and foreign debt securities, ETFs, ETNs, and/or in option strategies to enhance the Funds returns or to mitigate risk and volatility. Equity option strategies used by the Fund for individual securities include writing (selling) covered calls, buying puts, and using combinations of calls and puts. The Fund may also use options on indices. The Fund may invest without limitation in securities of large capitalization foreign issuers, and may invest up to 50% of its net assets in the securities of issuers in emerging markets. The Fund may invest up to 20% of its net assets in high-yield bonds. The Fund may also invest in other investment companies, including other ETFs, up to the limits specified in the Investment Company Act of 1940 ( 1940 Act ) or in reliance on exemptions therefrom.

Although the Fund is limited as to the percentage of its net assets that may be directly invested in certain asset classes, the Fund may obtain investment exposure to such asset classes in excess of such limits by investing indirectly in such asset classes through other investment companies, including other ETFs with exposure to such asset classes. Consequently, investments in such pooled investment vehicles may result in aggregate direct and indirect investment exposure to an asset class in excess of the limit up to which the applicable Fund may invest directly in such assets. The investment process used for the Fund attempts to provide consistent, attractive returns net of expenses with potentially less volatility and risk to capital than traditional approaches, whatever market conditions may be.

This is the Funds definition of an absolute return approach to investment management, and such an approach is used (in part) to achieve the Funds investment objective. The Sub-Advisor uses quantitative computer screening of fundamental stock information to evaluate securities in an attempt to find companies with attractive dividend growth characteristics for the selected universe of securities. Dividend payments may be considered as part of the evaluation process. Once securities are identified, an overlay of technical analysis confirms timeliness of security purchases. The Sub-Advisor then purchases qualifying securities using available cash. The Fund uses a proprietary bond model created by the Sub-Advisor to assess the appropriate duration and credit quality of any exposure to debt securities.

Duration is a measure of a fixed income securitys expected price sensitivity to changes in interest rates. Credit quality is a measure of a borrowers creditworthiness or risk of default. A portion of the Funds bond exposure may also be invested to pursue perceived opportunities in varying segments of the debt market. This systematic process of identifying, evaluating, and purchasing securities constitutes the Sub-Advisors buy discipline for the Fund. Once securities are purchased, the Sub-Advisor maintains a strict sell discipline that attempts to control the effects of the volatility of each Fund asset on the Funds NAV. This sell discipline, together with the Selection Process, constitutes the Funds strategy to achieve its investment objective. If a Fund assets price stays within a range of acceptable prices, the Fund asset will continue to be held.

If a Fund assets price falls below the bottom of an acceptable price range, the Fund asset will be identified to sell. This results in a responsive process that actively adjusts the Funds allocation by causing it to become more fully invested or by raising cash to protect capital. The sell discipline operates independently of, and in addition to, any investment model changes. During periods of high market volatility, a significant amount of Fund holdings may be sold, resulting in a significant allocation to cash or cash equivalents in the Fund. The Fund is an actively managed ETF. The Sub-Advisor actively manages the Funds portfolio. As a result, the portfolio turnover rate for the Fund may be high. The Sub-Advisor expects that the Funds investment strategy will result in a portfolio turnover rate in excess of 100% on an annual basis.

For additional information about the Funds principal investment strategies and the investment process, see Description of the Principal Strategies of the Funds.

C000137330 Performance

Total returns for C000137330 (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year15.5%

C000137330 Risk Information

Risk metrics for C000137330, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 15.1%

C000137330 Costs and Fees

C000137330 costs about $124 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 1.24%
  • Gross expense ratio: 1.24%
  • Portfolio turnover: 790%
  • Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000137330 Cashflows

Over the 12 months to 2021-03, WBI BullBear Rising Income 1000 ETF had net inflows of $41.22M, from monthly SEC N-PORT filings.

MonthNet flow
2021-03$27.33M
2021-02$0
2021-01$2.89M
2020-12$1.45M
2020-11$1.38M
2020-10$1.39M

C000137330 Debt Constituents

No individual debt constituents are reported in WBI BullBear Rising Income 1000 ETF's latest SEC N-PORT filing.

C000137330 Prospectus and SEC Filings

Official WBI BullBear Rising Income 1000 ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Emerging Markets Large Cap Blend / Core Equity funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.