WELCOME!

WBI Investments, Inc. (WBI) was founded in 1984 to create innovative portfolio strategies. One of our objectives is to offer investors a sense of confidence even when economic and market environments seem uncertain. For over 25 years, our goal has been to help investors to achieve their financial goals.

While many investment managers attempt to perform well relative to a fluctuating market index or benchmark, WBI's risk-managed investment approach attempts to provide consistent, attractive returns with potentially less volatility and risk to capital than traditional approaches, whatever market conditions may be. We call this an absolute return approach to investment management. Since the introduction of WBI's first risk-managed absolute return portfolio in 1992, our focus on value, dividends, and risk management has become fundamental to our investment process.

DAILY NAV as of 6/17/13

Ticker	NAV	$ Change
WBBAX	$10.71	+$0.00
WBADX	$10.67	-$0.01
WBBPX	$10.00	+$0.00
WBPNX	$10.00	+$0.00
WBDIX	$10.00	+$0.00
WBDNX	$10.00	+$0.00
WBDGX	$11.82	+$0.02
WBIDX	$11.78	+$0.02

Past performance is not a guarantee of future results.

WBI Investments, Inc. is the advisor to the WBI Funds which are distributed by Quasar Distributors, LLC

WBI FUNDS:
Fund	Institutional	No Load
WBI Absolute Return Balanced Fund	WBBAX	WBADX
WBI Absolute Return Balanced Plus Fund	WBBPX	WBPNX
WBI Absolute Return Dividend Income Fund	WBDIX	WBDNX
WBI Absolute Return Dividend Growth Fund	WBDGX	WBIDX

Important Disclosures

While the funds are no-load, management fees and other expenses will apply. Please refer to the prospectus for additional information.

Mutual fund investing involves risk. Principal loss is possible. The Funds invest in emerging market and foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks can be greater in emerging markets. The Funds invest in smaller and medium sized companies, which involve additional risks such as limited liquidity and greater volatility. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investment by the Fund in lower-rated and non-rated securities presents a greater risk of loss to principal and interest than higher-rated securities. Investments in mortgage-backed securities may involve additional risks, such as credit risk, prepayment risk, possible illiquidity and default, and susceptibility to adverse economic developments. Because the Funds invest in ETFs, they are subject to additional risks that do not apply to conventional mutual funds, including the risks that the market price of an ETF's shares may trade at a discount to its net asset value ("NAV"), an active secondary trading market may not develop or be maintained, or trading may be halted by the exchange in which they trade, which may impact a Fund's ability to sell its shares. The Funds may invest in ETN's which are subject to the credit risk of the issuer. Additional risks include volatility, lack of liquidity, and sensitivity to currencies, commodities markets, and interest rate changes. The funds may invest in MLP's which are subject certain risks inherent in the structure of MLPs, including complex tax structure risks, the limited ability for election or removal of management, limited voting rights, potential dependence on parent companies or sponsors for revenues to satisfy obligations, and potential conflicts of interest between partners, members and affiliates. The funds may also use options and future contracts, which have the risks of unlimited losses of the underlying holdings due to unanticipated market movements and failure to correctly predict the direction of securities prices, interest rates and currency exchange rates. The investment in options is not suitable for all investors. Investments in absolute return strategies are not intended to outperform stocks and bonds during strong market rallies.

Before you invest in the WBI Funds, please refer to the prospectus and summary prospectuses for important information about the investment company, including investment objectives, risks, charges and expenses. You may also obtain a hard copy of the prospectuses by calling 1-800-772-5810. The prospectuses should be read carefully before you invest or send money.

The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Funds in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.