RED BANK, N.J.--(BUSINESS WIRE)--Millington Securities, Inc. a leading adviser of actively managed exchange-traded funds (ETFs) and broker dealer focused on innovative solutions for institutional money managers led by Don Schreiber, Jr., today launched its first smart beta exchange traded fund – WBI Power Factor™ High Dividend ETF (NYSE Arca: WBIY). The fund is sub-advised by WBI Investments, Inc., a leading provider of institutional and private client wealth management strategies. The fund seeks to provide investment results that correspond to the price and yield – before fees and expenses – of the Solactive Power Factor™ High Dividend Index, which the fund will be tracking.
“We’re introducing a smarter approach for yield starved investors at a time when the need for consistent capital growth and capital preservation is absolutely critical,” said Schreiber, co-author of All About Dividend Investing (McGraw Hill 2011). “As investors rush into the high-yield dividend space, we feel that WBIY will provide them with a smarter approach that pairs the search for high yielding stocks with a preference for only those companies with the strongest fundamentals.”
Millington Securities is already a significant participant in the ETF industry. When the firm helped launch a suite of 10 actively-managed ETFs in August of 2014, it achieved an historic milestone, surpassing $1 billion in assets under management on the first day of trading. Earlier this year, Millington Securities launched their 11th ETF: WBI Tactical Rotation Shares (NYSE Arca: WBIR).
Millington Securities is a private label ETF adviser with broad SEC exemptive relief for active management, passive or index strategies, funds of funds and closed-end funds. When launching ETFs through its platform, Millington promotes the name and strategies of its investment management clients who serve as sub-advisers and portfolio managers.
Millington Securities is also a broker dealer that offers high-touch institutional trading services for portfolio managers with both institutional and retail client assets including ETFs, mutual funds, separately managed accounts (SMAs) and unified managed accounts (UMAs). Targeting the critical needs of active managers, the firm focuses on reducing both the implicit and explicit costs of trading as well as trading anonymously.
For more information about Millington Securities, please visit www.millingtonsecurities.com
For more information about the WBI Power Factor™ High Dividend ETF, please visit www.wbishares.com
DISCLOSURE
An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their issuers change. High yielding stocks are often speculative, high risk investments. These companies can be paying out more than they can support and may reduce their dividends or stop paying dividends at any time, which could have a material adverse effect on the stock price of these companies and the Fund’s performance. The Fund is not actively managed and the Sub-Advisor does not attempt to take defensive positions in declining markets. Unlike many investment companies, the Fund does not utilize an investing strategy that seeks returns in excess of its Underlying Index. There is no guarantee that the Fund will achieve a high degree of correlation to the Underlying Index and therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Other Fund risks include but are not limited to concentration risk, cyber security risk, small and mid-cap risk, tracking error risk, premium/discount risk, and valuation risk. Additional details regarding the risks of the Fund can be found in the prospectus.
The Fund is new with no operating history and there can be no assurance that the Fund will grow or maintain an economically viable size, in which case the Fund may be liquidated.
Smart beta strategies attempt to deliver a better risk and return trade-off than conventional market cap weighted indices by using alternative weighting schemes based on measures such as volatility or dividends.
Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a current prospectus with this and other information about the Fund please visit our website at www.wbishares.com or call 1-800-772-5810. Read the prospectus carefully before investing.
Foreside Fund Services, LLC., Distributor
