NPORT-EX 3 value.htm

WBI BullBear Value 3000 ETF
  
Schedule of Investments
  
as of March 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 85.7%
  
Shares
    
Value
  
Automobiles & Components - 2.1%
        
Ford Motor Co.
    
60,974
    
$
809,735
  
                 
Banks - 2.0%
          
First Horizon Corp.
    
51,331
      
790,497
  
                 
Capital Goods - 7.3%
          
Comfort Systems USA, Inc.
    
3,470
      
1,102,453
  
Otis Worldwide Corp.(a)
    
8,281
      
822,055
  
PACCAR, Inc.
    
7,548
      
935,122
  
             
2,859,630
  
                 
Commercial & Professional Services - 10.0%
          
Automatic Data Processing, Inc.
    
3,034
      
757,711
  
Broadridge Financial Solutions, Inc.
    
7,422
      
1,520,471
  
Verisk Analytics, Inc.(a)
    
7,064
      
1,665,197
  
             
3,943,379
  
                 
Consumer Discretionary Distribution & Retail - 5.6%
          
Amazon.com, Inc.(b)
    
7,239
      
1,305,771
  
eBay, Inc.
    
17,053
      
900,057
  
             
2,205,828
  
                 
Consumer Durables & Apparel - 2.2%
          
Garmin Ltd.(a)
    
5,820
      
866,423
  
                 
Consumer Services - 2.1%
          
Hilton Worldwide Holdings, Inc.
    
3,944
      
841,295
  
                 
Energy - 7.1%
          
Halliburton Co.
    
20,842
      
821,592
  
ONEOK, Inc.(a)
    
24,730
      
1,982,604
  
             
2,804,196
  
                 
Financial Services - 5.8%
          
Janus Henderson Group PLC
    
13,521
      
444,706
  
T Rowe Price Group, Inc.
    
3,100
      
377,952
  
Tradeweb Markets, Inc. - Class A(a)
    
14,158
      
1,474,839
  
             
2,297,497
  
                 
Food, Beverage & Tobacco - 4.8%
          
Altria Group, Inc.
    
43,277
      
1,887,743
  
                 
Insurance - 12.3%
          
CNA Financial Corp.
    
15,510
      
704,464
  
Prudential Financial, Inc.(a)
    
14,106
      
1,656,044
  
Reinsurance Group of America, Inc.
    
4,241
      
818,004
  
Unum Group
    
15,776
      
846,540
  
W R Berkley Corp.
    
9,797
      
866,447
  
             
4,891,499
  
                 
Materials - 4.4%
          
LyondellBasell Industries NV - Class A
    
16,747
      
1,712,883
  
                 
Media & Entertainment - 3.9%
          
Electronic Arts, Inc.(a)
    
11,537
      
1,530,614
  
                 
Semiconductors & Semiconductor Equipment - 4.0%
          
Microchip Technology, Inc.(a)
    
8,332
      
747,464
  
NXP Semiconductors NV
    
3,376
      
836,472
  
             
1,583,936
  
                 
Software & Services - 3.0%
          
Microsoft Corp.
    
2,856
      
1,201,576
  
                 
Telecommunication Services - 4.8%
          
AT&T, Inc.
    
106,508
      
1,874,541
  
                 
Utilities - 4.3%
          
UGI Corp.(a)
    
69,643
      
1,709,039
  
TOTAL COMMON STOCKS (Cost $30,169,035)
      
33,810,311
  
                 
EXCHANGE TRADED FUNDS - 8.9%
  
Shares
    
Value
  
SPDR Bloomberg Short Term High Yield Bond ETF
    
138,402
      
3,490,498
  
TOTAL EXCHANGE TRADED FUNDS (Cost $3,484,519)
      
3,490,498
  
                 
SHORT-TERM INVESTMENTS - 19.4%
                
Investments Purchased with Proceeds from Securities Lending - 19.4%
  
Units
          
Mount Vernon Liquid Assets Portfolio, LLC(c)
    
7,635,743
      
7,635,743
  
                 
TOTAL SHORT-TERM INVESTMENTS (Cost $7,635,743)
      
7,635,743
  
                 
TOTAL INVESTMENTS - 114.0% (Cost $41,289,297)
    
$
44,936,552
  
Money Market Deposit Account - 0.5%(d)
      
200,371
  
Liabilities in Excess of Other Assets - (14.5)%
      
(5,711,527
)
TOTAL NET ASSETS - 100.0%
          
$
39,425,396
  
               
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

(a)
All or a portion of this security is on loan as of March 31, 2024. The total market value of these securities was $7,500,167 which represented 19.0% 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 Value 3000 ETF
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
    
33,810,311
      
     
     
33,810,311
  
  Exchange Traded Funds
    
3,490,498
      
     
     
3,490,498
  
  Investments Purchased with Proceeds from Securities Lending(a)
    
     
7,635,743
      
     
7,635,743
  
Total Assets
    
37,300,809
      
7,635,743
      
     
44,936,552
  
                                 
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.