WBI Power Factor High Dividend ETF
Schedule of Investments
March 31, 2021 (Unaudited)
Shares | Security Description | Value | ||||||
COMMON STOCKS - 98.9% | ||||||||
Banks - 16.6% | ||||||||
20,417 | Ames National Corp. | $ | 522,267 | |||||
25,216 | Associated Banc-Corp. + | 538,109 | ||||||
56,170 | BankFinancial Corp. | 579,674 | ||||||
12,743 | C&F Financial Corp. | 564,387 | ||||||
9,327 | Comerica, Inc. | 669,119 | ||||||
6,398 | Federal Agricultural Mortgage Corp. - Class C | 644,407 | ||||||
18,718 | The First Bancorp, Inc. | 546,378 | ||||||
36,229 | First Horizon Corp. | 612,632 | ||||||
18,354 | Franklin Financial Services Corp. | 572,278 | ||||||
38,761 | Hope Bancorp, Inc. | 583,741 | ||||||
44,953 | Investors Bancorp, Inc. + | 660,360 | ||||||
46,025 | New York Community Bancorp, Inc. + | 580,835 | ||||||
21,707 | Penns Woods Bancorp, Inc. | 522,922 | ||||||
47,554 | People’s United Financial, Inc. | 851,217 | ||||||
34,753 | Premier Financial Bancorp, Inc. | 646,058 | ||||||
13,206 | Synovus Financial Corp. | 604,175 | ||||||
20,271 | Union Bankshares, Inc. + | 608,130 | ||||||
72,251 | United Security Bancshares | 591,736 | ||||||
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10,898,425 | ||||||||
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Commercial & Professional Services - 1.7% | ||||||||
82,002 | Resources Connection, Inc. | 1,110,307 | ||||||
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Consumer Durables & Apparel - 3.0% | ||||||||
42,804 | Ethan Allen Interiors, Inc. | 1,181,819 | ||||||
41,266 | Hanesbrands, Inc. | 811,702 | ||||||
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1,993,521 | ||||||||
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Consumer Services - 2.3% | ||||||||
68,780 | H&R Block, Inc. + | 1,499,404 | ||||||
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Diversified Financials - 1.7% | ||||||||
42,300 | Navient Corp. | 605,313 | ||||||
20,453 | Waddell & Reed Financial, Inc. - Class A | 512,348 | ||||||
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1,117,661 | ||||||||
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Food & Staples Retailing - 3.2% | ||||||||
54,963 | SpartanNash Company + | 1,078,923 | ||||||
43,917 | Village Super Market, Inc. | 1,035,124 | ||||||
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2,114,047 | ||||||||
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Food, Beverage & Tobacco - 12.6% | ||||||||
35,699 | B&G Foods, Inc. + | 1,108,811 | ||||||
55,155 | Philip Morris International, Inc. | 4,894,455 | ||||||
19,013 | Universal Corp. | 1,121,577 | ||||||
81,467 | Vector Group LTD. + | 1,136,464 | ||||||
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8,261,307 | ||||||||
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Insurance - 4.6% | ||||||||
9,849 | Mercury General Corp. + | 598,918 | ||||||
27,327 | Old Republic International Corp. | 596,821 | ||||||
11,224 | Principal Financial Group, Inc. | 672,991 | ||||||
6,472 | Safety Insurance Group, Inc. | 545,266 | ||||||
22,442 | Unum Group | 624,561 | ||||||
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3,038,557 | ||||||||
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Materials - 10.5% | ||||||||
21,580 | International Paper Company + | 1,166,830 | ||||||
27,950 | LyondellBasell Industries N.V. - Class A - ADR(c) | 2,908,197 | ||||||
23,311 | Schweitzer-Mauduit International, Inc. + | 1,141,540 | ||||||
240,072 | SunCoke Energy, Inc. | 1,682,905 | ||||||
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6,899,472 | ||||||||
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Media & Entertainment - 6.2% | ||||||||
76,638 | Interpublic Group of Companies, Inc. | 2,237,830 | ||||||
24,620 | Omnicom Group, Inc. | 1,825,573 | ||||||
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4,063,403 | ||||||||
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Pharmaceuticals, Biotechnology & Life Sciences - 4.3% | ||||||||
26,241 | AbbVie, Inc. | 2,839,801 | ||||||
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Software & Services - 7.0% | ||||||||
34,716 | International Business Machines Corp. + | 4,626,254 | ||||||
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Technology Hardware & Equipment - 6.3% | ||||||||
39,527 | Seagate Technology PLC - ADR(c) | 3,033,697 | ||||||
44,466 | Xerox Holdings Corp. + | 1,079,190 | ||||||
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4,112,887 | ||||||||
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Telecommunication Services - 15.7% | ||||||||
152,889 | AT&T, Inc. | 4,627,950 | ||||||
217,765 | Lumen Technologies, Inc. | 2,907,163 | ||||||
47,591 | Verizon Communications, Inc. + | 2,767,416 | ||||||
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10,302,529 | ||||||||
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Utilities - 3.2% | ||||||||
90,953 | Spark Energy, Inc. + | 971,378 | ||||||
104,979 | Star Group LP | 1,111,728 | ||||||
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| |||||||
2,083,106 | ||||||||
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TOTAL COMMON STOCKS (Cost $56,782,590) | 64,960,681 | |||||||
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Shares/Amount | Security Description | Value | ||||||
SHORT TERM INVESTMENTS - 1.0% | ||||||||
666,795 | U.S. Bank Money Market Deposit Account, 0.00% (d) | 666,795 | ||||||
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| |||||||
TOTAL SHORT TERM INVESTMENTS (Cost $666,795) | 666,795 | |||||||
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INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 22.6% | ||||||||
14,865,898 | Mount Vernon Liquid Assets Portfolio, LLC, 0.12% (a)(b) | 14,865,898 | ||||||
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TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $14,865,898) | 14,865,898 | |||||||
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| |||||||
TOTAL INVESTMENTS - 122.5% (Cost $72,315,283) | 80,493,374 | |||||||
Liabilities in Excess of Other Assets - (22.5)% | (14,769,708 | ) | ||||||
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| |||||||
NET ASSETS - 100.0% | $ | 65,723,666 | ||||||
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PLC | Public Limited Company |
ADR | American Depository Receipt |
+ | All or portion of this security is on loan as of March 31, 2021. Total value of securities on loan is $14,400,025. |
(a) | The rate quoted is the annualized seven-day yield as of March 31, 2021. |
(b) | Privately offered liquidity fund. |
(c) | Foreign issued security. Foreign concentration is as follows: Ireland: 4.62%, Netherlands: 4.42%. |
(d) | Rounded to 0.00 |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.
The accompanying notes are an integral part of these schedules of investments.