WBI BullBear Quality 3000 ETF | ||||||||
Schedule of Investments | ||||||||
as of March 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 89.0% | Shares | Value | ||||||
Automobiles & Components - 1.2% | ||||||||
Lear Corp. | 3,638 | $ | 527,073 | |||||
Capital Goods - 4.2% | ||||||||
Caterpillar, Inc. | 3,029 | 1,109,916 | ||||||
Rockwell Automation, Inc. | 2,620 | 763,285 | ||||||
1,873,201 | ||||||||
Commercial & Professional Services - 1.8% | ||||||||
Verisk Analytics, Inc. | 3,298 | 777,438 | ||||||
Consumer Durables & Apparel - 6.5% | ||||||||
Garmin Ltd.(a) | 15,183 | 2,260,293 | ||||||
Lululemon Athletica, Inc.(b) | 1,661 | 648,870 | ||||||
2,909,163 | ||||||||
Consumer Services - 4.7% | ||||||||
Marriott International, Inc. - Class A | 8,238 | 2,078,530 | ||||||
Consumer Staples Distribution & Retail - 1.9% | ||||||||
Costco Wholesale Corp. | 1,148 | 841,059 | ||||||
Energy - 2.3% | ||||||||
Marathon Petroleum Corp. | 5,073 | 1,022,210 | ||||||
Financial Services - 8.0% | ||||||||
Ameriprise Financial, Inc. | 2,095 | 918,532 | ||||||
Blackstone, Inc.(a) | 6,613 | 868,750 | ||||||
KKR & Co., Inc. | 17,613 | 1,771,515 | ||||||
3,558,797 | ||||||||
Health Care Equipment & Services - 16.3% | ||||||||
Cencora, Inc. | 1,745 | 424,018 | ||||||
Cigna Group | 5,427 | 1,971,032 | ||||||
HCA Healthcare, Inc. | 5,329 | 1,777,381 | ||||||
Stryker Corp.(a) | 4,867 | 1,741,753 | ||||||
Universal Health Services, Inc. - Class B | 7,305 | 1,332,870 | ||||||
7,247,054 | ||||||||
Insurance - 16.3% | ||||||||
Reinsurance Group of America, Inc. | 11,106 | 2,142,125 | ||||||
RenaissanceRe Holdings Ltd.(a) | 3,326 | 781,710 | ||||||
Unum Group | 38,910 | 2,087,911 | ||||||
W R Berkley Corp. | 24,596 | 2,175,270 | ||||||
7,187,016 | ||||||||
Media & Entertainment - 12.5% | ||||||||
Electronic Arts, Inc.(a) | 5,552 | 736,584 | ||||||
Meta Platforms, Inc. - Class A | 4,127 | 2,003,988 | ||||||
Netflix, Inc.(b) | 2,841 | 1,725,425 | ||||||
Trade Desk, Inc. - Class A(b) | 12,262 | 1,071,944 | ||||||
5,537,941 | ||||||||
Semiconductors & Semiconductor Equipment - 8.2% | ||||||||
Broadcom, Inc. | 701 | 929,112 | ||||||
NXP Semiconductors NV | 7,068 | 1,751,238 | ||||||
QUALCOMM, Inc. | 5,542 | 938,261 | ||||||
3,618,611 | ||||||||
Software & Services - 3.4% | ||||||||
Adobe, Inc.(b) | 1,308 | 660,017 | ||||||
Intuit, Inc. | 1,295 | 841,750 | ||||||
1,501,767 | ||||||||
Technology Hardware & Equipment - 1.7% | ||||||||
Apple, Inc. | 4,259 | 730,333 | ||||||
TOTAL COMMON STOCKS (Cost $36,317,699) | 39,410,193 | |||||||
EXCHANGE TRADED FUNDS - 9.8% | Shares | Value | ||||||
SPDR Bloomberg Short Term High Yield Bond ETF | 171,785 | 4,332,418 | ||||||
TOTAL EXCHANGE TRADED FUNDS (Cost $4,324,997) | 4,332,418 | |||||||
SHORT-TERM INVESTMENTS - 10.6% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 10.6% | Shares | |||||||
Mount Vernon Liquid Assets Portfolio, LLC, 4.93%(c) | 4,666,903 | 4,666,903 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $4,666,903) | 4,666,903 | |||||||
TOTAL INVESTMENTS - 109.4% (Cost $45,309,599) | $ | 48,409,514 | ||||||
Money Market Deposit Account - 1.3%(d) | 556,841 | |||||||
Liabilities in Excess of Other Assets - (10.7)% | (4,740,836 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 44,225,519 | ||||||
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 |
(a) | All or a portion of this security is on loan as of March 31, 2024. The total market value of these securities was $4,575,684 which represented 10.3% of net assets. |
(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 Quality 1000 ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | 39,410,193 | 39,410,193 | ||||||||||||||
Exchange Traded Funds | 4,332,418 | 4,332,418 | ||||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | 4,666,903 | 4,666,903 | ||||||||||||||
Total Assets | 43,742,611 | 4,666,903 | 48,409,514 | |||||||||||||
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. | |