| WBI BullBear Quality 3000 ETF | | | |
| Schedule of Investments | | | |
| March 31, 2023 (Unaudited) | | | |
| | | | |
| Shares | | Security Description | | Value | |
| | | COMMON STOCKS - 83.6% | | | |
| | | Capital Goods - 4.0% | | | |
| | 3,436 | | Lockheed Martin Corp. | | $ | 1,624,300 | |
| | | | Consumer Services - 4.8% | | | | |
| | 750 | | Booking Holdings, Inc. *+ | | | 1,989,308 | |
| | | | Energy - 8.9% | | | | |
| | 7,443 | | Exxon Mobil Corp. | | | 816,199 | |
| | 13,783 | | Marathon Petroleum Corp. | | | 1,858,362 | |
| | 15,722 | | Occidental Petroleum Corp. + | | | 981,525 | |
| | | | | | | 3,656,086 | |
| | | | Financial Services - 11.4% | | | | |
| | 23,656 | | Interactive Brokers Group, Inc. - Class A | | | 1,953,039 | |
| | 4,873 | | Mastercard, Inc. - Class A | | | 1,770,897 | |
| | 4,328 | | Visa, Inc. - Class A + | | | 975,791 | |
| | | | | | | 4,699,727 | |
| | | | Food, Beverage & Tobacco - 9.0% | | | | |
| | 3,207 | | Hershey Company | | | 815,893 | |
| | 10,268 | | PepsiCo, Inc. | | | 1,871,856 | |
| | 16,002 | | The Coca-Cola Co. | | | 992,604 | |
| | | | | | | 3,680,353 | |
| | | | Health Care Equipment & Services - 2.3% | | | | |
| | 1,957 | | Humana, Inc. + | | | 950,045 | |
| | | | Insurance - 2.0% | | | | |
| | 4,917 | | Marsh & McLennan Companies, Inc. | | | 818,926 | |
| | | | Media & Entertainment - 4.0% | | | | |
| | 13,590 | | Electronic Arts, Inc. | | | 1,636,916 | |
| | | | Pharmaceuticals, Biotechnology & Life Sciences - 11.3% | | | | |
| | 21,217 | | Gilead Sciences, Inc. | | | 1,760,375 | |
| | 8,801 | | Merck & Co., Inc. | | | 936,338 | |
| | 6,158 | | Vertex Pharmaceuticals, Inc. * | | | 1,940,201 | |
| | | | | | | 4,636,914 | |
| | | | Semiconductors & Semiconductor Equipment - 11.1% | | | | |
| | 9,683 | | Analog Devices, Inc. | | | 1,909,682 | |
| | 1,530 | | Broadcom, Inc. | | | 981,556 | |
| | 4,470 | | NXP Semiconductors NV - ADR | | | 833,543 | |
| | 9,982 | | ON Semiconductor Corp. * | | | 821,718 | |
| | | | | | | 4,546,499 | |
| | | | Software & Services - 10.0% | | | | |
| | 7,546 | | International Business Machines Corp. | | | 989,205 | |
| | 4,001 | | Intuit, Inc. | | | 1,783,766 | |
| | 8,719 | | Manhattan Associates, Inc. * | | | 1,350,137 | |
| | | | | | | 4,123,108 | |
| | | | Technology Hardware & Equipment - 4.8% | | | | |
| | 37,693 | | Cisco Systems, Inc. | | | 1,970,402 | |
| | | | TOTAL COMMON STOCKS (Cost $33,244,588) | | | 34,332,584 | |
| | | | | | | | |
| Shares/Amount | | Security Description | | Value | |
| | | | SHORT TERM INVESTMENT - 46.1% | | | | |
| | 18,971,093 | | U.S. Bank Money Market Deposit Account, 2.96% | | | 18,971,093 | |
| | | | TOTAL SHORT TERM INVESTMENT (Cost $18,971,093) | | | 18,971,093 | |
| | | | | | | | |
| | | | INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 8.0% | | | | |
| | 3,301,358 | | Mount Vernon Liquid Assets Portfolio, LLC, 5.00% (b)(c) | | | 3,301,358 | |
| | | | TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $3,301,358) | | | 3,301,358 | |
| | | | | | | | |
| | | | TOTAL INVESTMENTS - 137.7% (Cost $55,517,039) | | | 56,605,035 | |
| | | | Liabilities in Excess of Other Assets - (37.7)% | | | (15,490,630 | ) |
| | | | NET ASSETS - 100.0% | | $ | 41,114,405 | |
| | + | | All or portion of this security is on loan as of March 31, 2023. Total value of securities on loan is $3,249,772. | | |
| | * | | Non-income producing security. | | |
| | ADR | | American Depository Receipt | | |
| | (a) | | Foreign issued security. Foreign concentration is as follows: Netherlands: 2.03%. | | |
| | (b) | | The rate quoted is the annualized seven-day yield as of March 31, 2023. | | |
| | (c) | | Privately offered liquidity fund. | | |
| | | | | | |
| The accompanying notes are an integral part of these schedules of investments. |
