WBI BullBear Yield 3000 ETF | ||||||||
Schedule of Investments | ||||||||
as of March 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 87.7% | Shares | Value | ||||||
Capital Goods - 1.3% | ||||||||
Carrier Global Corp.(a) | 11,669 | $ | 678,319 | |||||
Commercial & Professional Services - 4.0% | ||||||||
Verisk Analytics, Inc.(a) | 8,554 | 2,016,434 | ||||||
Consumer Discretionary Distribution & Retail - 5.7% | ||||||||
Dick's Sporting Goods, Inc.(a) | 3,858 | 867,510 | ||||||
TJX Cos., Inc. | 19,772 | 2,005,276 | ||||||
2,872,786 | ||||||||
Consumer Durables & Apparel - 11.6% | ||||||||
Deckers Outdoor Corp.(b) | 2,517 | 2,369,152 | ||||||
Garmin Ltd. | 16,886 | 2,513,819 | ||||||
Hasbro, Inc. | 18,133 | 1,024,877 | ||||||
5,907,848 | ||||||||
Consumer Services - 4.2% | ||||||||
Marriott International, Inc. - Class A | 8,428 | 2,126,469 | ||||||
Energy - 4.3% | ||||||||
ONEOK, Inc.(a) | 12,988 | 1,041,248 | ||||||
Viper Energy, Inc. | 29,322 | 1,127,724 | ||||||
2,168,972 | ||||||||
Financial Services - 8.0% | ||||||||
Franklin Resources, Inc.(a) | 31,641 | 889,429 | ||||||
OneMain Holdings, Inc.(a) | 18,454 | 942,815 | ||||||
T Rowe Price Group, Inc. | 8,396 | 1,023,640 | ||||||
Tradeweb Markets, Inc. - Class A | 11,517 | 1,199,725 | ||||||
4,055,609 | ||||||||
Food, Beverage & Tobacco - 7.5% | ||||||||
Altria Group, Inc. | 22,411 | 977,567 | ||||||
General Mills, Inc. | 14,573 | 1,019,672 | ||||||
Kraft Heinz Co. | 24,284 | 896,080 | ||||||
Philip Morris International, Inc. | 9,742 | 892,562 | ||||||
3,785,881 | ||||||||
Health Care Equipment & Services - 2.8% | ||||||||
CVS Health Corp. | 11,611 | 926,094 | ||||||
Universal Health Services, Inc. - Class B(a) | 2,594 | 473,301 | ||||||
1,399,395 | ||||||||
Household & Personal Products - 1.9% | ||||||||
Kimberly-Clark Corp. | 7,465 | 965,598 | ||||||
Insurance - 16.0% | ||||||||
Aon PLC - Class A | 2,057 | 686,462 | ||||||
Prudential Financial, Inc. | 8,871 | 1,041,455 | ||||||
Reinsurance Group of America, Inc. | 7,776 | 1,499,835 | ||||||
Unum Group | 44,055 | 2,363,991 | ||||||
W R Berkley Corp. | 27,559 | 2,437,318 | ||||||
8,029,061 | ||||||||
Materials - 2.0% | ||||||||
LyondellBasell Industries NV - Class A | 9,754 | 997,639 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences - 5.8% | ||||||||
AbbVie, Inc. | 5,584 | 1,016,847 | ||||||
Bristol-Myers Squibb Co. | 18,163 | 984,979 | ||||||
Viatris, Inc.(a) | 76,039 | 907,906 | ||||||
2,909,732 | ||||||||
Semiconductors & Semiconductor Equipment - 3.9% | ||||||||
NXP Semiconductors NV | 7,887 | 1,954,162 | ||||||
Software & Services - 6.9% | ||||||||
International Business Machines Corp. | 5,707 | 1,089,809 | ||||||
Microsoft Corp. | 5,681 | 2,390,110 | ||||||
3,479,919 | ||||||||
Technology Hardware & Equipment - 1.8% | ||||||||
HP, Inc. | 30,327 | 916,482 | ||||||
TOTAL COMMON STOCKS (Cost $40,311,646) | 44,264,306 | |||||||
EXCHANGE TRADED FUNDS - 9.8% | Shares | Value | ||||||
SPDR Bloomberg Short Term High Yield Bond ETF | 195,676 | 4,934,949 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $4,926,496) | 4,934,949 | |||||||
CLOSED END FUNDS - 1.9% | Shares | Value | ||||||
Blue Owl Capital Corp.(a) | 61,136 | 940,272 | ||||||
TOTAL CLOSED END FUNDS (Cost $916,563) | 940,272 | |||||||
SHORT-TERM INVESTMENTS - 10.9% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 10.9% | Units | |||||||
Mount Vernon Liquid Assets Portfolio, LLC(c) | 5,516,772 | 5,516,772 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $5,516,772) | 5,516,772 | |||||||
TOTAL INVESTMENTS - 110.3% (Cost $51,671,477) | $ | 55,656,299 | ||||||
Money Market Deposit Account - 5.9%(d) | 2,992,643 | |||||||
Liabilities in Excess of Other Assets - (16.2)% | (8,182,902 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 50,466,040 | ||||||
Percentages are stated as a percent of net assets. | ||||||||
The Global Industry Classification Standard (GICS) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poors Financial Services LLC (S&P). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services. |
NV - Naamloze Vennootschap |
PLC - Public Limited Company |
(b) | Non-income producing security. |
(c) | The rate shown represents the 7-day effective yield as of March 31, 2024. |
(d) | The U.S. Bank Money Market Deposit Account (the MMDA) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of March 31, 2024 was 3.27%. |
WBI BullBear Yield 3000 ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | 44,264,306 | 44,264,306 | ||||||||||||||
Exchange Traded Funds | 4,934,949 | 4,934,949 | ||||||||||||||
Closed End Funds | 940,272 | 940,272 | ||||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | 5,516,772 | 5,516,772 | ||||||||||||||
Total Assets | 50,139,527 | 5,516,772 | 55,656,299 | |||||||||||||
Refer to the Schedule of Investments for industry classifications. |
(a) | Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts listed in the Schedule of Investments. |