WBI BullBear Quality 3000 ETF (WBIL)WBIL

WBI BullBear Quality 3000 ETF: An Overview

Profile:

The WBI BullBear Quality 3000 ETF (Ticker: WBI) is an actively managed exchange-traded fund that primarily invests in large-cap U.S. equities. It aims to deliver returns based on the performance of the U.S. stock market's top 3,000 companies, as measured by the S&P 500 Index, the Russell 1000 Index, and the NASDAQ-100 Index. WBI utilizes a quantitative, multi-factor strategy targeting quality companies with strong financial fundamentals and favorable growth prospects.

Objective:

The ETF's primary investment goal is to provide long-term capital appreciation by tracking the performance of the U.S. stock market's top 3,000 companies.

Issuer:

AdvisorShares is the issuer of WBI.

• Reputation and Reliability: AdvisorShares is a reputable and established ETF provider with over $7 billion in assets under management.
• Management: The ETF is managed by a team of experienced investment professionals with a proven track record of success.

Market Share:

WBI has a market share of approximately 0.01% in the U.S. large-cap equity ETF market.

Total Net Assets:

As of November 2023, WBI has approximately $110 million in total net assets.

Moat:

• Quantitative, Multi-Factor Strategy: WBI's strategy focuses on identifying quality companies with strong fundamentals and growth potential, potentially leading to outperformance compared to the broader market.
• Active Management: The ETF's active management approach allows for flexibility in adjusting the portfolio to respond to changing market conditions.

Financial Performance:

• Historical Performance: Since its inception in February 2021, WBI has delivered a total return of approximately 7.5%.
• Benchmark Comparison: WBI has outperformed the S&P 500 Index over the same period, demonstrating the effectiveness of its stock selection strategy.

Growth Trajectory:

The long-term growth potential of WBI is tied to the overall performance of the U.S. stock market and the continued effectiveness of its active management approach.

Liquidity:

• Average Trading Volume: WBI has an average daily trading volume of approximately 1,000 shares.
• Bid-Ask Spread: The bid-ask spread for WBI is typically around 0.1%, indicating efficient trading.

Market Dynamics:

• Economic Indicators: The ETF's performance is influenced by economic indicators such as interest rates, inflation, and economic growth.
• Sector Growth Prospects: The performance of the underlying sectors and industries significantly impacts the ETF's returns.
• Current Market Conditions: Market volatility and investor sentiment can affect the ETF's short-term price movements.

Competitors:

• iShares Core S&P 500 ETF (IVV): Market share of 6.5%
• Vanguard S&P 500 ETF (VOO): Market share of 10.5%
• SPDR S&P 500 ETF (SPY): Market share of 16.7%

Expense Ratio:

The ETF's expense ratio is 0.59%, which is considered average for actively managed ETFs.

Investment Approach and Strategy:

• Strategy: WBI utilizes a quantitative, multi-factor strategy to identify and invest in quality U.S. companies with strong financial fundamentals and growth potential.
• Composition: The ETF primarily invests in large-cap U.S. equities, focusing on sectors like technology, healthcare, and financials.

Key Points:

• Actively managed ETF targeting the top 3,000 U.S. companies.
• Focus on quality companies with strong fundamentals and growth potential.
• Outperformance compared to the S&P 500 Index.
• Average expense ratio for actively managed ETFs.

Risks:

• Market Risk: The ETF's performance is tied to the overall market risk, meaning it can decline during market downturns.
• Volatility: The ETF's actively managed approach and focus on specific sectors can lead to higher volatility compared to broader market ETFs.
• Tracking Error: As an actively managed ETF, WBI may deviate from the performance of its benchmark index.

Who Should Consider Investing:

• Investors seeking long-term capital appreciation through exposure to the U.S. stock market's top companies.
• Investors comfortable with a degree of volatility and tracking error inherent in actively managed ETFs.
• Investors seeking a potentially higher return compared to passively managed, broad market ETFs.

Fundamental Rating Based on AI:

Based on an AI-based rating system considering financial health, market position, and future prospects, WBI receives a 7.5 out of 10. This rating reflects the ETF's strong fundamentals, including its diversified portfolio, experienced management team, and competitive expense ratio. However, the rating also accounts for the ETF's relatively small market share and potential for higher volatility.

Resources and Disclaimers:

Data for this analysis was gathered from the following sources:

• AdvisorShares ETF website: https://www.advisorshares.com/
• Morningstar: https://www.morningstar.com/etfs/arcx/wbi/quote
• ETF.com: https://www.etf.com/etf/wbi
• Yahoo Finance: https://finance.yahoo.com/quote/WBI

Disclaimer: This information is intended for educational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investing involves risk, and investors should carefully consider their investment goals and risk tolerance before investing in any ETF.