NPORT-EX 2 quality.htm

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.