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. |