WBI BullBear Trend Switch US 3000 Total Return ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Shares		Security Description	Value
		EXCHANGE TRADED FUNDS - 97.2%
	16,288	iShares 20+ Year Treasury Bond ETF	$	2,687,031
	313,847	Schwab Short-Term U.S. Treasury ETF		16,235,305
	186,702	SPDR Portfolio Long Term Treasury ETF		8,819,803
	76,709	Vanguard Long-Term Treasury ETF		7,748,376
		TOTAL EXCHANGE TRADED FUNDS (Cost $36,645,505)		35,490,515
Shares/Amount		Security Description	Value
		SHORT-TERM INVESTMENTS - 2.8%
	1,035,835	U.S. Bank Money Market Deposit Account, 0.25%		1,035,835
		TOTAL SHORT-TERM INVESTMENTS (Cost $1,035,835)		1,035,835
		TOTAL INVESTMENTS - 100.0% (Cost $37,681,340)		36,526,350
		Liabilities in Excess of Other Assets - 0.0%		(12,577	)
		NET ASSETS - 100.0%	$	36,513,773
		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.