WBI Power Factor High Dividend ETF

Schedule of Investments

September 30, 2021 (Unaudited)

Shares		Security Description	Value
		COMMON STOCKS - 99.1%
		Banks - 14.6%
	10,485	ACNB Corp.	$	293,580
	13,697	Ames National Corp.		318,592
	24,953	Associated Bank Corp. +		534,493
	3,032	Federal Agricultural Mortgage Corp. - Class C +		329,033
	12,842	First Financial Bancorp		300,631
	39,138	First Horizon Corp. +		637,558
	27,020	FNB Corp. +		313,972
	18,429	Fulton Financial Corp. +		281,595
	174,508	Huntington Bancshares, Inc.		2,697,894
	25,224	Investors Bancorp, Inc.		381,135
	32,923	Key Corp.		711,795
	87,665	New York Community Bancorp, Inc. +		1,128,248
	54,912	People’s United Financial, Inc.		959,313
	10,226	The First Bancorp Inc. +		297,986
				9,185,825
		Commercial & Professional Services - 1.0%
	39,597	Resources Connection, Inc.		624,841
		Consumer Durables & Apparel - 0.8%
	20,929	Ethan Allen Interiors, Inc. +		496,017
		Consumer Services - 1.8%
	44,557	H&R Block, Inc.		1,113,925
		Diversified Financials - 3.8%
	7,770	Artisan Partners Asset Management, Inc. - Class A +		380,108
	5,485	Moelis & Company		339,357
	19,965	Navient Corp. +		393,910
	13,925	OneMain Holdings, Inc.		770,470
	22,252	Virtu Financial, Inc. - Class A		543,616
				2,427,461
		Energy - 7.8%
	124,013	Equitrans Midstream Corp.		1,257,492
	219,683	Kinder Morgan, Inc.		3,675,297
				4,932,789
		Food & Staples Retailing - 4.7%
	63,109	Walgreens Boots Alliance, Inc.		2,969,279
		Food, Beverage & Tobacco - 13.2%
	79,827	Altria Group, Inc.		3,633,725
	28,114	B&G Foods, Inc. +		840,327
	78,502	The Kraft Heinz Co. +		2,890,444
	10,020	Universal Corp.		484,267
	39,800	Vector Group LTD. +		507,450
				8,356,213
		Insurance - 4.1%
	4,734	Mercury General Corp.		263,542
	42,006	Old Republic International Corp.		971,599
	11,501	Principal Financial Group, Inc.		740,664
	4,097	Safety Insurance Group, Inc.		324,687
	21,414	Universal Insurance Holdings, Inc.		279,239
				2,579,731
		Materials - 11.8%
	49,997	Dow, Inc.		2,877,828
	46,963	Glatfelter Corp.		662,178
	51,685	International Paper Company		2,890,225
	14,123	Schweitzer-Mauduit International, Inc.		489,503
	79,194	SunCoke Energy, Inc.		497,338
				7,417,072

		Media & Entertainment - 9.2%
	80,050	Interpublic Group of Companies, Inc.		2,935,434
	39,416	Omnicom Group, Inc. +		2,856,084
				5,791,518
		Pharmaceuticals, Biotechnology & Life Sciences - 4.7%
	42,051	Gilead Sciences, Inc.		2,937,262
		Retailing - 0.9%
	15,747	Franchise Group, Inc.		557,601
		Software & Services - 7.9%
	27,938	International Business Machines Corp.		3,881,426
	55,544	Western Union Company +		1,123,100
				5,004,526
		Technology Hardware & Equipment - 1.8%
	55,284	Xerox Holdings Corp.		1,115,078
		Telecommunication Services - 5.7%
	67,038	Verizon Communications, Inc.		3,620,722
		Utilities - 5.3%
	45,609	Southern Company		2,826,390
	47,586	Star Group LP		484,901
				3,311,291
		TOTAL COMMON STOCKS (Cost $60,578,052)		62,441,151
Shares/Amount		Security Description	Value
		SHORT TERM INVESTMENTS - 0.6%
	380,514	U.S. Bank Money Market Deposit Account, 0.00% (c)		380,514
		TOTAL SHORT TERM INVESTMENTS (Cost $380,514)		380,514
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 13.3%
	8,375,020	Mount Vernon Liquid Assets Portfolio, LLC, 0.09% (a)(b)		8,375,020
		TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $8,375,020)		8,375,020
		TOTAL INVESTMENTS - 113.0% (Cost $69,333,586)		71,196,685
		Liabilities in Excess of Other Assets - (13.0)%		(8,169,247	)
		NET ASSETS - 100.0%	$	63,027,438

+ All or portion of this security is on loan as of September 30, 2021. Total value of securities on loan is $8,025,750.

(a) The rate quoted is the annualized seven-day yield as of September 30, 2021.

(b) Privately offered liquidity fund.

(c) 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.