WBI Power Factor High Dividend ETF | ||||||||
Schedule of Investments | ||||||||
as of March 31, 2024 (Unaudited) | ||||||||
COMMON STOCKS - 98.6% | Shares | Value | ||||||
Automobiles & Components - 4.8% | ||||||||
Ford Motor Co. | 238,780 | $ | 3,170,998 | |||||
Banks - 18.5% | ||||||||
Associated Banc-Corp. | 15,232 | 327,640 | ||||||
Citigroup, Inc. | 8,734 | 552,338 | ||||||
Citizens Financial Group, Inc. | 17,934 | 650,825 | ||||||
Eagle Bancorp, Inc. | 11,917 | 279,930 | ||||||
Fifth Third Bancorp(a) | 13,385 | 498,056 | ||||||
First Interstate BancSystem, Inc. - Class A | 11,153 | 303,473 | ||||||
Fulton Financial Corp. | 20,413 | 324,363 | ||||||
Hope Bancorp, Inc. | 28,100 | 323,431 | ||||||
Huntington Bancshares, Inc./OH | 42,785 | 596,851 | ||||||
KeyCorp | 151,218 | 2,390,757 | ||||||
PNC Financial Services Group, Inc. | 3,082 | 498,051 | ||||||
Provident Financial Services, Inc. | 19,161 | 279,176 | ||||||
Regions Financial Corp. | 31,820 | 669,493 | ||||||
Simmons First National Corp. - Class A | 17,233 | 335,354 | ||||||
Synovus Financial Corp. | 12,908 | 517,094 | ||||||
Truist Financial Corp. | 57,481 | 2,240,609 | ||||||
US Bancorp | 12,728 | 568,942 | ||||||
Valley National Bancorp(a) | 33,468 | 266,405 | ||||||
Zions Bancorp NA | 10,239 | 444,373 | ||||||
12,067,161 | ||||||||
Consumer Discretionary Distribution & Retail - 4.6% | ||||||||
Best Buy Co., Inc.(a) | 36,872 | 3,024,610 | ||||||
Consumer Durables & Apparel - 1.0% | ||||||||
Leggett & Platt, Inc.(a) | 34,578 | 662,169 | ||||||
Consumer Services - 3.0% | ||||||||
Cracker Barrel Old Country Store, Inc.(a) | 13,697 | 996,183 | ||||||
Travel + Leisure Co. | 20,266 | 992,223 | ||||||
1,988,406 | ||||||||
Energy - 15.0% | ||||||||
CVR Energy, Inc.(a) | 24,486 | 873,171 | ||||||
Hess Midstream LP - Class A(a) | 22,480 | 812,202 | ||||||
Kinder Morgan, Inc. | 223,681 | 4,102,310 | ||||||
Kinetik Holdings, Inc. | 22,044 | 878,894 | ||||||
ONEOK, Inc. | 39,659 | 3,179,462 | ||||||
9,846,039 | ||||||||
Financial Services - 4.5% | ||||||||
Invesco Ltd. | 30,153 | 500,238 | ||||||
Jackson Financial, Inc. - Class A(a) | 7,796 | 515,627 | ||||||
OneMain Holdings, Inc. | 10,308 | 526,636 | ||||||
Virtu Financial, Inc. - Class A | 31,811 | 652,762 | ||||||
Western Union Co. | 52,279 | 730,860 | ||||||
2,926,123 | ||||||||
Food, Beverage & Tobacco - 11.3% | ||||||||
Altria Group, Inc. | 95,744 | 4,176,353 | ||||||
Conagra Brands, Inc. | 29,668 | 879,360 | ||||||
Kraft Heinz Co. | 63,519 | 2,343,851 | ||||||
7,399,564 | ||||||||
Insurance - 2.7% | ||||||||
Fidelity National Financial, Inc.(a) | 8,858 | 470,360 | ||||||
Lincoln National Corp. | 21,399 | 683,270 | ||||||
Prudential Financial, Inc.(a) | 5,253 | 616,702 | ||||||
1,770,332 | ||||||||
Materials - 13.7% | ||||||||
Dow, Inc.(a) | 53,721 | 3,112,057 | ||||||
International Paper Co.(a) | 71,939 | 2,807,060 | ||||||
LyondellBasell Industries NV - Class A | 30,283 | 3,097,346 | ||||||
9,016,463 | ||||||||
Media & Entertainment - 1.0% | ||||||||
Sinclair, Inc.(a) | 48,694 | 655,908 | ||||||
Pharmaceuticals, Biotechnology & Life Sciences - 9.5% | ||||||||
Bristol-Myers Squibb Co. | 20,760 | 1,125,815 | ||||||
Organon & Co.(a) | 122,238 | 2,298,074 | ||||||
Pfizer, Inc. | 100,597 | 2,791,567 | ||||||
6,215,456 | ||||||||
Technology Hardware & Equipment - 1.4% | ||||||||
Xerox Holdings Corp.(a) | 52,000 | 930,800 | ||||||
Telecommunication Services - 6.4% | ||||||||
Verizon Communications, Inc. | 99,434 | 4,172,251 | ||||||
Utilities - 1.2% | ||||||||
Clearway Energy, Inc. - Class C | 34,202 | 788,356 | ||||||
TOTAL COMMON STOCKS (Cost $58,640,953) | 64,634,636 | |||||||
SHORT-TERM INVESTMENTS - 17.4% | ||||||||
Investments Purchased with Proceeds from Securities Lending - 17.4% | Units | |||||||
Mount Vernon Liquid Assets Portfolio, LLC(b) | 11,365,426 | 11,365,426 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $11,365,426) | 11,365,426 | |||||||
TOTAL INVESTMENTS - 116.0% (Cost $70,006,379) | $ | 76,000,062 | ||||||
Money Market Deposit Account - 1.5%(c) | 972,818 | |||||||
Liabilities in Excess of Other Assets - (17.5)% | (11,471,406 | ) | ||||||
TOTAL NET ASSETS - 100.0% | $ | 65,501,474 | ||||||
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 $11,154,754 which represented 17.0% of net assets. |
(b) | The rate shown represents the 7-day effective yield as of March 31, 2024. |
(c) | 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 Power Factor High Dividend ETF | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Assets: | ||||||||||||||||
Common Stocks | 64,634,636 | 64,634,636 | ||||||||||||||
Investments Purchased with Proceeds from Securities Lending(a) | 11,365,426 | 11,365,426 | ||||||||||||||
Total Assets | 64,634,636 | 11,365,426 | 76,000,062 | |||||||||||||
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. |