WBIY Profile
The WBI Power Factor High Dividend ETF is an actively managed exchange-traded fund (ETF) that aims to achieve high income through investments in a broad spectrum of dividend-paying stocks. The fund's primary investment strategy involves allocating at least 80% of its total assets to securities included in its underlying index. This index is meticulously designed to capture high-yield and fundamentally strong stocks from the broader U.S. equity market.
The underlying index draws its constituents from the Solactive US Broad Market Index, which encompasses a wide array of U.S. stocks across various market capitalizations, including large, mid, and small-cap companies. The index is structured to include approximately 3,000 of the largest U.S. companies, selected and weighted based on their free float market capitalization. This broad coverage ensures that the index represents a significant portion of the U.S. equity market.
The selection criteria for the index emphasize high dividend yield and fundamental value characteristics. This means that the ETF targets companies that not only offer attractive dividend yields but also demonstrate solid financial health and valuation metrics. The inclusion of such companies aims to enhance income generation while maintaining a focus on fundamental investment quality.
By focusing on high dividend yields and robust fundamental characteristics, the WBI Power Factor High Dividend ETF seeks to provide investors with both income and potential for capital appreciation. The ETF's strategy leverages a comprehensive approach to identify and invest in U.S. equities that offer strong dividend income and are undervalued relative to their intrinsic value, aligning with the broader objectives of income and growth.
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