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      <seriesName>WBI Power Factor High Dividend ETF</seriesName>
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      <invstOrSec>
        <name>Pfizer Inc</name>
        <lei>765LHXWGK1KXCLTFYQ30</lei>
        <title>Pfizer Inc</title>
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      <invstOrSec>
        <name>Provident Financial Services I</name>
        <lei>529900JOSO3SXEDVE477</lei>
        <title>Provident Financial Services Inc</title>
        <cusip>74386T105</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Robert Half Inc</name>
        <lei>529900VPCUY9H3HLIC08</lei>
        <title>Robert Half Inc</title>
        <cusip>770323103</cusip>
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          <isin value="US7703231032"/>
          <ticker value="RHI"/>
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      <invstOrSec>
        <name>Simmons First National Corp</name>
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        <assetCat>EC</assetCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Upbound Group Inc</name>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>US BANK MMDA - USBFS 2</name>
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          <other otherDesc="USER DEFINED" value="8AMMF0A76"/>
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        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>T Rowe Price Group Inc</name>
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        <title>T Rowe Price Group Inc</title>
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          <isin value="US74144T1088"/>
          <ticker value="TROW"/>
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        <assetCat>EC</assetCat>
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        <name>Stanley Black &amp; Decker Inc</name>
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        <title>Stanley Black &amp; Decker Inc</title>
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        <name>United Parcel Service Inc</name>
        <lei>D01LMJZU09ULLNCY6Z23</lei>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Verizon Communications Inc</name>
        <lei>2S72QS2UO2OESLG6Y829</lei>
        <title>Verizon Communications Inc</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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      <invstOrSec>
        <name>Virtus Investment Partners Inc</name>
        <lei>549300HWF93HB8BDM648</lei>
        <title>Virtus Investment Partners Inc</title>
        <cusip>92828Q109</cusip>
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          <ticker value="VRTS"/>
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        <assetCat>EC</assetCat>
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      <invstOrSec>
        <name>Western Union Co/The</name>
        <lei>28ID94QU1140NC23S047</lei>
        <title>Western Union Co/The</title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Target Corp</name>
        <lei>8WDDFXB5T1Z6J0XC1L66</lei>
        <title>Target Corp</title>
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          <ticker value="TGT"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <name>Travel + Leisure Co</name>
        <lei>T4VNTWMFQ7JQB65L7T35</lei>
        <title>Travel + Leisure Co</title>
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        <assetCat>EC</assetCat>
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        <name>Truist Financial Corp</name>
        <lei>549300DRQQI75D2JP341</lei>
        <title>Truist Financial Corp</title>
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          <ticker value="TFC"/>
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        <assetCat>EC</assetCat>
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        <name>UGI Corp</name>
        <lei>DX6GCWD4Q1JO9CRE5I40</lei>
        <title>UGI Corp</title>
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        <assetCat>EC</assetCat>
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        <name>Edison International</name>
        <lei>549300I7ROF15MAEVP56</lei>
        <title>Edison International</title>
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          <ticker value="EIX"/>
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        <name>Energizer Holdings Inc</name>
        <lei>5493000D6NN0V57UME20</lei>
        <title>Energizer Holdings Inc</title>
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        <name>First Interstate BancSystem In</name>
        <lei>549300WRWYTYX0RCNJ43</lei>
        <title>First Interstate BancSystem Inc</title>
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        <name>Flowers Foods Inc</name>
        <lei>7YNCQQNDK8FBM9BBTK25</lei>
        <title>Flowers Foods Inc</title>
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        <name>Ford Motor Co</name>
        <lei>20S05OYHG0MQM4VUIC57</lei>
        <title>Ford Motor Co</title>
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        <name>General Mills Inc</name>
        <lei>2TGYMUGI08PO8X8L6150</lei>
        <title>General Mills Inc</title>
        <cusip>370334104</cusip>
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          <ticker value="GIS"/>
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        <name>Hess Midstream LP</name>
        <lei>N/A</lei>
        <title>Hess Midstream LP</title>
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          <ticker value="HESM"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Hormel Foods Corp</name>
        <lei>MSD54751OJP1FS2ND863</lei>
        <title>Hormel Foods Corp</title>
        <cusip>440452100</cusip>
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        <valUSD>848317.800000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kforce Inc</name>
        <lei>5493003RDQQDVXY2SK46</lei>
        <title>Kforce Inc</title>
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          <isin value="US4937321010"/>
          <ticker value="KFRC"/>
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        <curCd>USD</curCd>
        <valUSD>183231.920000000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>LCI Industries</name>
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          <isin value="US50189K1034"/>
          <ticker value="LCII"/>
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        <balance>5673.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>688361.820000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Lincoln National Corp</name>
        <lei>EFQMQROEDSNBRIP7LE47</lei>
        <title>Lincoln National Corp</title>
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          <isin value="US5341871094"/>
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        <curCd>USD</curCd>
        <valUSD>964252.620000000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Macy's Inc</name>
        <lei>529900NZQ81TIOW3CW52</lei>
        <title>Macy's Inc</title>
        <cusip>55616P104</cusip>
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          <isin value="US55616P1049"/>
          <ticker value="M"/>
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        <balance>42924.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>946474.200000000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Marriott Vacations Worldwide C</name>
        <lei>549300WA6BT5H4F7IO94</lei>
        <title>Marriott Vacations Worldwide Corp</title>
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          <isin value="US57164Y1073"/>
          <ticker value="VAC"/>
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        <balance>8744.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>504441.360000000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Murphy Oil Corp</name>
        <lei>QBKYQD0ODE7DC7PDIN91</lei>
        <title>Murphy Oil Corp</title>
        <cusip>626717102</cusip>
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          <isin value="US6267171022"/>
          <ticker value="MUR"/>
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        <balance>31013.000000000000</balance>
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        <curCd>USD</curCd>
        <valUSD>969156.250000000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Navient Corp</name>
        <lei>54930067J0ZNOEBRW338</lei>
        <title>Navient Corp</title>
        <cusip>63938C108</cusip>
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          <isin value="US63938C1080"/>
          <ticker value="NAVI"/>
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        <balance>17372.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>225836.000000000000</valUSD>
        <pctVal>0.4055914712</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mount Vernon Liquid Assets Portfolio, LLC</name>
        <lei>N/A</lei>
        <title>Mount Vernon Liquid Assets Portfolio, LLC</title>
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        <identifiers>
          <other otherDesc="USER DEFINED" value="990VR1110"/>
        </identifiers>
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        <curCd>USD</curCd>
        <valUSD>7006795.500000000000</valUSD>
        <pctVal>12.5838949294</pctVal>
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        <assetCat>STIV</assetCat>
        <issuerCat>PF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="7006795.500000000000" isCashCollateral="Y"/>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Global Ship Lease Inc</name>
        <lei>254900GLZ0J5N8UZM071</lei>
        <title>Global Ship Lease Inc</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MHY271836006"/>
          <ticker value="GSL"/>
        </identifiers>
        <balance>5431.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>190302.240000000000</valUSD>
        <pctVal>0.3417744093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-02-24</ncom:dateSigned>
      <ncom:nameOfApplicant>Absolute Shares Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/Fred Teufel</ncom:signature>
      <ncom:signerName>Fred Teufel</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
