# EDGAR Filing Document

**Accession Number:** 0001591939
**File Stem:** 0001145549-25-055852
**Filing Date:** 2025-8
**Character Count:** 26757
**Document Hash:** a1e1fd24c6bb548b1346272fe6547768
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055852.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055852

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Absolute Shares Trust
- **CENTRAL INDEX KEY:** 0001591939

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22917
- **FILM NUMBER:** 251271458

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WBI INVESTMENTS, INC.
- **STREET 2:** 331 NEWMAN SPRINGS ROAD, SUITE 105
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701
- **BUSINESS PHONE:** 732-842-4920

**MAIL ADDRESS:**
- **STREET 1:** C/O WBI INVESTMENTS, INC.
- **STREET 2:** 331 NEWMAN SPRINGS ROAD, SUITE 143
- **CITY:** RED BANK
- **STATE:** NJ
- **ZIP:** 07701

## Series and Classes Contracts Data

### WBI BullBear Quality 3000 ETF (Series ID: S000044183)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000137333 | WBI BullBear Quality 3000 ETF | WBIL            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Absolute Shares Trust

- **b. Investment Company Act file number:** 811-22917

- **c. CIK number of Registrant:** 0001591939

- **d. LEI of Registrant:** 5493005LD0D8EHH9CD08

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 331 Newman Springs Rd

  - **City:** Red Bank

  - **State:** NJ

  - **Foreign country:** US

  - **Zip / Postal Code:** 07701

  - **Telephone number:** 732-842-4920

**Item A.2. Information about the Series.**

- **a. Name of Series:** WBI BullBear Quality 3000 ETF

- **b. EDGAR series identifier (if any):** S000044183

- **c. LEI of Series:** 549300SDWM2K8PGUIY86

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $37806017.20

**Total Liabilities:** $4389545.79

**Net Assets:** $33416471.41

**Cash Not Reported:** $310.90

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137333 | -6.22%               | 4.49%                | 4.51%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3223283.29             | $1222135.87                                |
| Month 2  | $1086697.55              | $299684.21                                 |
| Month 3  | $110064.56               | $1345602.35                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Verisk Analytics Inc                      | Verisk Analytics Inc                      | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1231 | NS      | $383456.50    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                        | Vertiv Holdings Co                        | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      4093 | NS      | $525582.13    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | Visa Inc                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      1122 | NS      | $398366.10    | 1.19%             |  |  |  | No            |                  1 | On Loan: —       |
| Vistra Corp                               | Vistra Corp                               | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |      1209 | NS      | $234316.29    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc                         | Cisco Systems Inc                         | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |      6460 | NS      | $448194.80    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                       | Coinbase Global Inc                       | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Long             | EC               | CORP              | US        |       721 | NS      | $252703.29    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc                                  | eBay Inc                                  | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |      6014 | NS      | $447802.44    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc                       | Electronic Arts Inc                       | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      2895 | NS      | $462331.50    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                       | Emerson Electric Co                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |      3453 | NS      | $460388.49    | 1.38%             |  |  |  | No            |                  1 | On Loan: —       |
| Equifax Inc                               | Equifax Inc                               | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |      1127 | NS      | $292309.99    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Fiserv Inc                                | Fiserv Inc                                | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |      1125 | NS      | $193961.25    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                       | Gilead Sciences Inc                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      3890 | NS      | $431284.30    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T            | Hartford Insurance Group Inc/The          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      4900 | NS      | $621663.00    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HEICO Corp                                | HEICO Corp                                | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |      2583 | NS      | $847224.00    | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      1024 | NS      | $190074.88    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Allstate Corp/The                         | Allstate Corp/The                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |      1505 | NS      | $302971.55    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                              | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5368 | NS      | $946002.64    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                            | Amazon.com Inc                            | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      4458 | NS      | $978040.62    | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                               | Cencora Inc                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      2348 | NS      | $704047.80    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                  | Ameriprise Financial Inc                  | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       835 | NS      | $445664.55    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                                | AMETEK Inc                                | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |      1046 | NS      | $189284.16    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ANSYS Inc                                 | ANSYS Inc                                 | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |      1120 | NS      | $393366.40    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      4284 | NS      | $878948.28    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp                      | Ares Management Corp                      | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      2448 | NS      | $423993.60    | 1.27%             |  |  |  | No            |                  1 | On Loan: —       |
| Baker Hughes Co                           | Baker Hughes Co                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5021 | NS      | $192505.14    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                            | Blackstone Inc                            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      2661 | NS      | $398032.38    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions            | Broadridge Financial Solutions Inc        | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |       784 | NS      | $190535.52    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Cardinal Health Inc                       | Cardinal Health Inc                       | CUSIP: 14149Y108<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | EC               | CORP              | US        |      4466 | NS      | $750288.00    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                | Charter Communications Inc                | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Long             | EC               | CORP              | US        |      1641 | NS      | $670857.21    | 2.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Cintas Corp                               | Cintas Corp                               | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1418 | NS      | $316029.66    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                   | Charles Schwab Corp/The                   | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |      3543 | NS      | $323263.32    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| W R Berkley Corp                          | W R Berkley Corp                          | CUSIP: 084423102<br>LEI: SQOAGCLKBDWNVYV1OV80 | Long             | EC               | CORP              | US        |      9309 | NS      | $683932.23    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In            | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      3727 | NS      | $678798.51    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                      | Progressive Corp/The                      | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |      1097 | NS      | $292745.42    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc                     | Republic Services Inc                     | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      1254 | NS      | $309248.94    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed Inc                                | ResMed Inc                                | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      1247 | NS      | $321726.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: —       |
| ROBLOX Corp                               | ROBLOX Corp                               | CUSIP: 771049103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8915 | NS      | $937858.00    | 2.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Rockwell Automation Inc                   | Rockwell Automation Inc                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |      1256 | NS      | $417205.52    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Rollins Inc                               | Rollins Inc                               | CUSIP: 775711104<br>LEI: 549300F2A0BXT4SGWD84 | Long             | EC               | CORP              | US        |      3315 | NS      | $187032.30    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                            | S&P Global Inc                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |       738 | NS      | $389140.02    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Salesforce Inc                            | Salesforce Inc                            | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |      1435 | NS      | $391310.15    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                            | ServiceNow Inc                            | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |       425 | NS      | $436934.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                   | Sherwin-Williams Co/The                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |       516 | NS      | $177173.76    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| TKO Group Holdings Inc                    | TKO Group Holdings Inc                    | CUSIP: 87256C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2361 | NS      | $429583.95    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-Mobile US Inc                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |       779 | NS      | $185604.54    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc                      | Tradeweb Markets Inc                      | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4431 | NS      | $648698.40    | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| TransDigm Group Inc                       | TransDigm Group Inc                       | CUSIP: 893641100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       219 | NS      | $333020.16    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANK MMDA - USBFS 2                    | US BANK MMDA - USBFS 2                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1207002 | NS      | $1207002.14   | 3.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                     | Uber Technologies Inc                     | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |      6978 | NS      | $651047.40    | 1.95%             |  |  |  | No            |                  1 | On Loan: —       |
| VeriSign Inc                              | VeriSign Inc                              | CUSIP: 92343E102<br>LEI: LMPL4N8ZOJRMF0KOF759 | Long             | EC               | CORP              | US        |      2570 | NS      | $742216.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Westinghouse Air Brake Technol            | Westinghouse Air Brake Technologies Corp  | CUSIP: 929740108<br>LEI: 06BTX5UWZD0GQ5N5Y745 | Long             | EC               | CORP              | US        |      1526 | NS      | $319468.10    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Workday Inc                               | Workday Inc                               | CUSIP: 98138H101<br>LEI: 549300J0DYC0N31V7G13 | Long             | EC               | CORP              | US        |      1156 | NS      | $277440.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                               | Zscaler Inc                               | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |      2554 | NS      | $801802.76    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |   4336830 | NS      | $4336829.75   | 12.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                    | Trane Technologies PLC                    | CUSIP: N/A<br>LEI: 549300BURLR9SLYY2705       | Long             | EC               | CORP              | IE        |       441 | NS      | $192897.81    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Willis Towers Watson PLC                  | Willis Towers Watson PLC                  | CUSIP: N/A<br>LEI: 549300WHC56FF48KL350       | Long             | EC               | CORP              | GB        |      1387 | NS      | $425115.50    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy Inc                            | NRG Energy Inc                            | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |      1554 | NS      | $249541.32    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                        | NextEra Energy Inc                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      4262 | NS      | $295868.04    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                               | NVIDIA Corp                               | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |      6449 | NS      | $1018877.51   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Parker-Hannifin Corp                      | Parker-Hannifin Corp                      | CUSIP: 701094104<br>LEI: 5493002CONDB4N2HKI23 | Long             | EC               | CORP              | US        |       280 | NS      | $195571.60    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                        | Meta Platforms Inc                        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       685 | NS      | $505591.65    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                      | Howmet Aerospace Inc                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |      4134 | NS      | $769461.42    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc             | Intercontinental Exchange Inc             | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      1793 | NS      | $328961.71    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                | Intuit Inc                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |       961 | NS      | $756912.43    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                  | KLA Corp                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |       401 | NS      | $359191.74    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                             | McKesson Corp                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       946 | NS      | $693209.88    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                          | MercadoLibre Inc                          | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       282 | NS      | $737043.66    | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2181 | NS      | $1084851.21   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                     | Monster Beverage Corp                     | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Long             | EC               | CORP              | US        |     11541 | NS      | $722928.24    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Absolute Shares Trust

**Signature:** /s/Fred Teufel

**Name of Signer:** Fred Teufel

**Title:** Principal Financial Officer