WBIG: WBI BULLBEAR YIELD 3000 ETF
What this ETF is trying to do
The WBI BULLBEAR YIELD 3000 ETF (ticker: WBIG) is an exchange-traded fund listed on the NYSE. This ETF is designed to provide investors with a combination of share price movement and cash distributions. It holds a variety of different assets, including stocks from companies like Prudential Financial Inc and Kimberly-Clark Corp.
What the numbers show
The data shows that WBIG has experienced growth in both its share price and its total return. It is important to understand the difference between these two: price return only tracks how much the share price changes, while total return includes both the price change and the cash distributions paid out.
Here is a look at the performance:
• Year-to-Date (YTD): The price return is approximately 12.25%, while the total return is approximately 13.33%.
• One-Year: The price return is approximately 13.39%, while the total return is approximately 14.75%.
• Three-Year: The price return is approximately 20.31%, while the total return is approximately 26.85%.
Based on an estimated price from roughly one year ago of $23.21, the current price is $26.32.
Income and distribution explanation
WBIG provides cash distributions to its shareholders. The distribution yield is approximately 1.12%. This number describes the cash paid out relative to the current ETF price. The fund usually pays these distributions monthly, having made 11 payments over the last 12 months.
When looking at income, it is helpful to note that total return figures include these distributions. For example, over the last year, the total return (14.75%) was higher than the price return (13.39%), showing that distributions added to the overall value.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price-based evidence, the fund has an erosion score of 100, which is labeled as "No price erosion detected." The erosion severity is rated as "good," and there is no severe erosion-risk flag present.
Pros
• Positive Returns: The fund has shown positive price returns and total returns over one-year and three-year periods.
• Income Generation: The fund provides regular distributions, typically on a monthly basis.
• Low Price Erosion Risk: Based on the supplied erosion score, no price erosion has been detected.
Cons
• Yield Level: The distribution yield is approximately 1.12%, which may be lower than what some income-focused investors seek.
• Partial Data: The list of top holdings is only a partial view of the total 82 holdings in the fund.
Beginner takeaway
WBIG is an ETF that has recently seen growth in both its share price and its total return. It pays regular distributions, which helps boost the total return above the simple price return. While it provides income, investors should always remember that a distribution yield is just one part of an ETF's overall performance.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | WISDOMTREE INTEREST RTHDGUS AGGT BD ETF | AGZD | 2.67% |
| 2 | ANGEL OAK HIGH YIELD OPPORTUNITIES ETF | AOHY | 2.47% |
| 3 | ONEMAIN HOLDINGS INC | OMF | 2.21% |
| 4 | PRUDENTIAL FINANCIAL INC | PRU | 2.15% |
| 5 | KIMBERLY-CLARK CORP | KMB | 2.08% |
| 6 | BALL CORP | BALL | 1.97% |
| 7 | T. ROWE PRICE GROUP INC | TROW | 1.95% |
| 8 | YUM CHINA HOLDINGS INC | YUMC | 1.83% |
| 9 | EVERSOURCE ENERGY | ES | 1.80% |
| 10 | VERIZON COMMUNICATIONS INC | VZ | 1.80% |