X0101 EFFECT 33 LIVE 2019-10-04 16:15:00

N-14

0001591939 Absolute Shares Trust 333-233312 0001591939 Absolute Shares Trust S000044180 WBI BullBear Rising Income 1000 ETF C000137330 WBI BullBear Rising Income 1000 ETF 0001591939 Absolute Shares Trust S000044175 WBI BullBear Rising Income 2000 ETF C000137325 WBI BullBear Rising Income 2000 ETF 0001591939 Absolute Shares Trust S000044181 WBI BullBear Value 1000 ETF C000137331 WBI BullBear Value 1000 ETF 0001591939 Absolute Shares Trust S000044177 WBI BullBear Value 2000 ETF C000137327 WBI BullBear Value 2000 ETF 0001591939 Absolute Shares Trust S000044182 WBI BullBear Yield 1000 ETF C000137332 WBI BullBear Yield 1000 ETF 0001591939 Absolute Shares Trust S000044178 WBI BullBear Yield 2000 ETF C000137328 WBI BullBear Yield 2000 ETF 0001591939 Absolute Shares Trust S000044183 WBI BullBear Quality 1000 ETF C000137333 WBI BullBear Quality 1000 ETF 0001591939 Absolute Shares Trust S000044179 WBI BullBear Quality 2000 ETF C000137329 WBI BullBear Quality 2000 ETF