# EDGAR Filing Document

**Accession Number:** 0001591939
**File Stem:** 0001145549-23-009878
**Filing Date:** 2023-2
**Character Count:** 21344
**Document Hash:** b40ded75f25bc456e5103715b4ecade4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-009878.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0001145549-23-009878

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Absolute Shares Trust
- **CENTRAL INDEX KEY:** 0001591939
- **IRS NUMBER:** 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:** 23666501

**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 Power Factor High Dividend ETF (Series ID: S000055583)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000174967 | WBI Power Factor High Dividend ETF | WBIY            |

## 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 Power Factor High Dividend ETF

- **b. EDGAR series identifier (if any):** S000055583

- **c. LEI of Series:** 549300VJU1UYTLVXL958

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $98103772.54

**Total Liabilities:** $22232101.67

**Net Assets:** $75871670.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000174967 | 12.78%               | 8.69%                | -5.51%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2003107.91             | $10386435.92                               |
| Month 2  | $-25338.29               | $6051912.66                                |
| Month 3  | $204414.08               | $-4972211.48                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Diamondback Energy Inc                    | Diamondback Energy Inc                    | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     23350 | NS      | $3193813.00   | 4.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Dow Inc                                   | Dow Inc                                   | CUSIP: 260557103<br>LEI: 5493003S21INSLK2IP73 | Long             | EC               | CORP              | US        |     77754 | NS      | $3918024.06   | 5.16%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc                  | F&G Annuities & Life Inc                  | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1599 | NS      | $31995.99     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial In            | Fidelity National Financial Inc           | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     23526 | NS      | $885048.12    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp             | First American Financial Corp             | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |     11959 | NS      | $625934.06    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| First Financial Bancorp                   | First Financial Bancorp                   | CUSIP: 320209109<br>LEI: 549300D3F5B3EZMY7P77 | Long             | EC               | CORP              | US        |      5495 | NS      | $133143.85    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Foot Locker Inc                           | Foot Locker Inc                           | CUSIP: 344849104<br>LEI: 549300X383CBNP6MTV94 | Long             | EC               | CORP              | US        |     40317 | NS      | $1523579.43   | 2.01%             |  |  |  | No            |                  1 | On Loan: —       |
| Ford Motor Co                             | Ford Motor Co                             | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | EC               | CORP              | US        |    197875 | NS      | $2301286.25   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                    | Franklin Resources Inc                    | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     55837 | NS      | $1472980.06   | 1.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Gilead Sciences Inc                       | Gilead Sciences Inc                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     16855 | NS      | $1447001.75   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP                         | Hess Midstream LP                         | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10286 | NS      | $307757.12    | 0.41%             |  |  |  | No            |                  1 | On Loan: —       |
| Hope Bancorp Inc                          | Hope Bancorp Inc                          | CUSIP: 43940T109<br>LEI: 549300UTF4QGMBHIZ219 | Long             | EC               | CORP              | US        |     13552 | NS      | $173601.12    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                | Intel Corp                                | CUSIP: 458140100<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | EC               | CORP              | US        |    127156 | NS      | $3360733.08   | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                       | International Business Machines Corp      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     25222 | NS      | $3553527.58   | 4.68%             |  |  |  | No            |                  1 | On Loan: —       |
| KeyCorp                                   | KeyCorp                                   | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     55213 | NS      | $961810.46    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                               | Kohl's Corp                               | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | EC               | CORP              | US        |    102747 | NS      | $2594361.75   | 3.42%             |  |  |  | No            |                  1 | On Loan: —       |
| Kontoor Brands Inc                        | Kontoor Brands Inc                        | CUSIP: 50050N103<br>LEI: 549300M0CPXV65RFF271 | Long             | EC               | CORP              | US        |     10868 | NS      | $434611.32    | 0.57%             |  |  |  | No            |                  1 | On Loan: —       |
| Kraft Heinz Co/The                        | Kraft Heinz Co/The                        | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     31952 | NS      | $1300765.92   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Leggett & Platt Inc                       | Leggett & Platt Inc                       | CUSIP: 524660107<br>LEI: DKOVQUCDW4ZLYCUD4T55 | Long             | EC               | CORP              | US        |     25996 | NS      | $837851.08    | 1.10%             |  |  |  | No            |                  1 | On Loan: —       |
| Navient Corp                              | Navient Corp                              | CUSIP: 63938C108<br>LEI: 54930067J0ZNOEBRW338 | Long             | EC               | CORP              | US        |     28212 | NS      | $464087.40    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Community Bancorp Inc            | New York Community Bancorp Inc            | CUSIP: 649445103<br>LEI: 529900HVXOTLY61GL030 | Long             | EC               | CORP              | US        |    116633 | NS      | $1003043.80   | 1.32%             |  |  |  | No            |                  1 | On Loan: —       |
| Old Republic International Cor            | Old Republic International Corp           | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |     29420 | NS      | $710493.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                         | Omnicom Group Inc                         | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Long             | EC               | CORP              | US        |     15576 | NS      | $1270534.32   | 1.67%             |  |  |  | No            |                  1 | On Loan: —       |
| ONEOK Inc                                 | ONEOK Inc                                 | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     62155 | NS      | $4083583.50   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Premier Bancorp Inc               | Pacific Premier Bancorp Inc               | CUSIP: 69478X105<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | EC               | CORP              | US        |      6054 | NS      | $191064.24    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                               | Phillips 66                               | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |     10615 | NS      | $1104809.20   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP                     | Plains GP Holdings LP                     | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |     82577 | NS      | $1027257.88   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                    | T Rowe Price Group Inc                    | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      9059 | NS      | $987974.54    | 1.30%             |  |  |  | No            |                  1 | On Loan: —       |
| Provident Financial Services I            | Provident Financial Services Inc          | CUSIP: 74386T105<br>LEI: 529900JOSO3SXEDVE477 | Long             | EC               | CORP              | US        |      7355 | NS      | $157102.80    | 0.21%             |  |  |  | No            |                  1 | On Loan: —       |
| Prudential Financial Inc                  | Prudential Financial Inc                  | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      9861 | NS      | $980775.06    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Rent-A-Center Inc/TX                      | Rent-A-Center Inc/TX                      | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |     17971 | NS      | $405246.05    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Telephone and Data Systems Inc            | Telephone and Data Systems Inc            | CUSIP: 879433829<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22855 | NS      | $239748.95    | 0.32%             |  |  |  | No            |                  1 | On Loan: —       |
| 3M Co                                     | 3M Co                                     | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |     28975 | NS      | $3474682.00   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Best Buy Co Inc                           | Best Buy Co Inc                           | CUSIP: 086516101<br>LEI: HL5XPTVRV0O8TUN5LL90 | Long             | EC               | CORP              | US        |     52615 | NS      | $4220249.15   | 5.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Cal-Maine Foods Inc                       | Cal-Maine Foods Inc                       | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |     20239 | NS      | $1102013.55   | 1.45%             |  |  |  | No            |                  1 | On Loan: —       |
| Carlyle Group Inc/The                     | Carlyle Group Inc/The                     | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |     36826 | NS      | $1098887.84   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                       | Clearway Energy Inc                       | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     18394 | NS      | $586216.78    | 0.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Truist Financial Corp                     | Truist Financial Corp                     | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     22174 | NS      | $954147.22    | 1.26%             |  |  |  | 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        |   1735824 | NS      | $1735823.90   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                                | US Bancorp                                | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     20814 | NS      | $907698.54    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Corp                      | Umpqua Holdings Corp                      | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |     19725 | NS      | $352091.25    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc                | Verizon Communications Inc                | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     94418 | NS      | $3720069.20   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtu Financial Inc                       | Virtu Financial Inc                       | CUSIP: 928254101<br>LEI: 5493001OPW2K42CH3884 | Long             | EC               | CORP              | US        |     19427 | NS      | $396505.07    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Walgreens Boots Alliance Inc              | Walgreens Boots Alliance Inc              | CUSIP: 931427108<br>LEI: 549300RPTUOIXG4LIH86 | Long             | EC               | CORP              | US        |    104720 | NS      | $3912339.20   | 5.16%             |  |  |  | No            |                  1 | On Loan: —       |
| Western Union Co/The                      | Western Union Co/The                      | CUSIP: 959802109<br>LEI: 28ID94QU1140NC23S047 | Long             | EC               | CORP              | US        |     78767 | NS      | $1084621.59   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                            | Whirlpool Corp                            | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |      9619 | NS      | $1360703.74   | 1.79%             |  |  |  | No            |                  1 | On Loan: —       |
| Mount Vernon Liquid Assets Portfolio, LLC | Mount Vernon Liquid Assets Portfolio, LLC | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | PF                | US        |  20980018 | NS      | $20980018.00  | 27.65%            |  |  |  | No            |                  1 | On Loan: No      |
| International Game Technology             | International Game Technology PLC         | CUSIP: G4863A108<br>LEI: 549300UQ6KHRCZDRGZ76 | Long             | EC               | CORP              | US        |     34567 | NS      | $783979.56    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ltd                               | Invesco Ltd                               | CUSIP: G491BT108<br>LEI: ECPGFXU8A2SHKVVGJI15 | Long             | EC               | CORP              | US        |     91586 | NS      | $1647632.14   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings PL            | Seagate Technology Holdings PLC           | CUSIP: N/A<br>LEI: 635400RUXIFEZSRU8X70       | Long             | EC               | CORP              | US        |     64546 | NS      | $3395765.06   | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Trinseo PLC                               | Trinseo PLC                               | CUSIP: N/A<br>LEI: 549300TJ3HIGDA2Z8315       | Long             | EC               | CORP              | US        |     18677 | NS      | $424154.67    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| LyondellBasell Industries NV              | LyondellBasell Industries NV              | CUSIP: N53745100<br>LEI: BN6WCCZ8OVP3ITUUVN49 | Long             | EC               | CORP              | US        |     44199 | NS      | $3669842.97   | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bulk Shipping Inc                   | Eagle Bulk Shipping Inc                   | CUSIP: Y2187A150<br>LEI: 549300EC4INNZBWR8W37 | Long             | EC               | CORP              | US        |      8447 | NS      | $421843.18    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-17

**Name of Applicant:** Absolute Shares Trust

**Signature:** /s/Scott Kreitz

**Name of Signer:** Scott Kreitz

**Title:** Chief Operations Officer