# EDGAR Filing Document

**Accession Number:** 0001591939
**File Stem:** 0000894189-26-005276
**Filing Date:** 2026-2
**Character Count:** 39679
**Document Hash:** ecfdf4486d3d7e707ededcc6483dec65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-005276.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0000894189-26-005276

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260630

**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:** 26680288

**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 Yield 3000 ETF (Series ID: S000044182)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000137332 | WBI BullBear Yield 3000 ETF | WBIG            |

## 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 Yield 3000 ETF

- **b. EDGAR series identifier (if any):** S000044182

- **c. LEI of Series:** 54930002CQOLRSXM6B26

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $35002459.06

**Total Liabilities:** $5704467.88

**Net Assets:** $29297991.18

**Cash Not Reported:** $1440.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000137332 | 1.05%                | 0.71%                | -0.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $886033.01               | $-543893.37                                |
| Month 2  | $-166488.31              | $361711.61                                 |
| Month 3  | $184764.56               | $-333409.32                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Verizon Communications Inc                | Verizon Communications Inc                                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |      8355 | NS      | $340299.15    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                        | Vertiv Holdings Co                                                      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |      1175 | NS      | $190361.75    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | Visa Inc                                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |       715 | NS      | $250757.65    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc                        | HCA Healthcare Inc                                                      | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |       477 | NS      | $222692.22    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc               | Honeywell International Inc                                             | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |       753 | NS      | $146902.77    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corp                         | Hormel Foods Corp                                                       | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     14747 | NS      | $349503.90    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Interactive Brokers Group Inc             | Interactive Brokers Group Inc                                           | CUSIP: 45841N107<br>LEI: 5493004DT6DCDUZNDM53 | Long             | EC               | CORP              | US        |      4490 | NS      | $288751.90    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Ultra Short Duration E            | Invesco Ultra Short Duration ETF                                        | CUSIP: 46090A887<br>LEI: 549300XCPLYCS9LWYT95 | Long             | EC               | RF                | US        |      6521 | NS      | $327680.25    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Short Duration Bond Ac            | iShares Short Duration Bond Active ETF                                  | CUSIP: 46431W507<br>LEI: 549300BV2WH8444C2Y33 | Long             | EC               | RF                | US        |      5175 | NS      | $264442.50    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                      | Keurig Dr Pepper Inc                                                    | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |      5479 | NS      | $153466.79    | 0.52%             |  |  |  | No            |                  1 | On Loan: —       |
| Kimberly-Clark Corp                       | Kimberly-Clark Corp                                                     | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      2998 | NS      | $302468.22    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc                         | Kinder Morgan Inc                                                       | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     11401 | NS      | $313413.49    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                            | Merck & Co Inc                                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |      1559 | NS      | $164100.34    | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| MetLife Inc                               | MetLife Inc                                                             | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      1998 | NS      | $157722.12    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc                     | Micron Technology Inc                                                   | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       853 | NS      | $243454.73    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| MongoDB Inc                               | MongoDB Inc                                                             | CUSIP: 60937P106<br>LEI: 549300TPTG69WKWE1Z37 | Long             | EC               | CORP              | US        |       577 | NS      | $242161.13    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc              | Monolithic Power Systems Inc                                            | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Long             | EC               | CORP              | US        |       232 | NS      | $210275.52    | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc                    | Motorola Solutions Inc                                                  | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |       619 | NS      | $237275.08    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc                    | Mueller Industries Inc                                                  | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |      4675 | NS      | $536690.00    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                        | NextEra Energy Inc                                                      | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |      3661 | NS      | $293905.08    | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Old Republic International Cor            | Old Republic International Corp                                         | CUSIP: 680223104<br>LEI: 549300IV6O2YY2A1KH37 | Long             | EC               | CORP              | US        |      5229 | NS      | $238651.56    | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| ONEOK Inc                                 | ONEOK Inc                                                               | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      4995 | NS      | $367132.50    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| OneMain Holdings Inc                      | OneMain Holdings Inc                                                    | CUSIP: 68268W103<br>LEI: 549300E3VEW8SMS5XW09 | Long             | EC               | CORP              | US        |      6044 | NS      | $408272.20    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                       | Otis Worldwide Corp                                                     | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |      2607 | NS      | $227721.45    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                        | PPG Industries Inc                                                      | CUSIP: 693506107<br>LEI: 549300BKPEP01R3V6C59 | Long             | EC               | CORP              | US        |      1587 | NS      | $162604.02    | 0.56%             |  |  |  | No            |                  1 | On Loan: —       |
| Paychex Inc                               | Paychex Inc                                                             | CUSIP: 704326107<br>LEI: 529900K900DW6SUBM174 | Long             | EC               | CORP              | US        |      2078 | NS      | $233110.04    | 0.80%             |  |  |  | No            |                  1 | On Loan: —       |
| Pfizer Inc                                | Pfizer Inc                                                              | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     13614 | NS      | $338988.60    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Primoris Services Corp                    | Primoris Services Corp                                                  | CUSIP: 74164F103<br>LEI: 549300UF3OLBJ8D5K349 | Long             | EC               | CORP              | US        |      4413 | NS      | $547829.82    | 1.87%             |  |  |  | No            |                  1 | On Loan: —       |
| Primerica Inc                             | Primerica Inc                                                           | CUSIP: 74164M108<br>LEI: 254900621R686KJR7022 | Long             | EC               | CORP              | US        |      2022 | NS      | $522403.92    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Prudential Financial Inc                  | Prudential Financial Inc                                                | CUSIP: 744320102<br>LEI: 5PRBRS5FEH7NREC8OR45 | Long             | EC               | CORP              | US        |      3210 | NS      | $362344.80    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                              | QUALCOMM Inc                                                            | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |      1174 | NS      | $200812.70    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Raymond James Financial Inc               | Raymond James Financial Inc                                             | CUSIP: 754730109<br>LEI: RGUZHJ05YTITL6D76949 | Long             | EC               | CORP              | US        |      1469 | NS      | $235906.71    | 0.81%             |  |  |  | No            |                  1 | On Loan: —       |
| Selective Insurance Group Inc             | Selective Insurance Group Inc                                           | CUSIP: 816300107<br>LEI: 549300R3WGJWLE40R258 | Long             | EC               | CORP              | US        |      3464 | NS      | $289832.88    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Financial Inc                        | Voya Financial Inc                                                      | CUSIP: 929089100<br>LEI: 549300T065Z4KJ686G75 | Long             | EC               | CORP              | US        |      3930 | NS      | $292745.70    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Trust WisdomTree In            | WisdomTree Trust WisdomTree Interest Rate Hedged US Aggregate Bond Fund | CUSIP: 97717W380<br>LEI: 5493006OMUEEHEDQ6617 | Long             | EC               | RF                | US        |     37672 | NS      | $847054.92    | 2.89%             |  |  |  | No            |                  1 | On Loan: —       |
| Yum China Holdings Inc                    | Yum China Holdings Inc                                                  | CUSIP: 98850P109<br>LEI: 529900DO9BYZ7VA3K502 | Long             | EC               | CORP              | CN        |     10998 | NS      | $525044.52    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                               | Zscaler Inc                                                             | CUSIP: 98980G102<br>LEI: 529900MZ0RTK1BWRNF46 | Long             | EC               | CORP              | US        |       300 | NS      | $67476.00     | 0.23%             |  |  |  | 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        |   5631394 | NS      | $5631394.00   | 19.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Millicom International Cellula            | Millicom International Cellular SA                                      | CUSIP: N/A<br>LEI: 549300CTHC1CP86P2G96       | Long             | EC               | CORP              | LU        |      6177 | NS      | $342452.88    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| American International Group I            | American International Group Inc                                        | CUSIP: 026874784<br>LEI: ODVCVCQG2BP6VHV36M30 | Long             | EC               | CORP              | US        |      1881 | NS      | $160919.55    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc                  | Ameriprise Financial Inc                                                | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       508 | NS      | $249092.72    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak High Yield Opportuni            | Angel Oak High Yield Opportunities ETF                                  | CUSIP: 03463K745<br>LEI: 254900ZCII2VFW4OK231 | Long             | EC               | RF                | US        |     71690 | NS      | $795759.00    | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie            | Applied Industrial Technologies Inc                                     | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |      2036 | NS      | $522783.72    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Archer-Daniels-Midland Co                 | Archer-Daniels-Midland Co                                               | CUSIP: 039483102<br>LEI: 549300LO13MQ9HYSTR83 | Long             | EC               | CORP              | US        |      2464 | NS      | $141655.36    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC                          | ARM Holdings PLC                                                        | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Long             | EC               | CORP              | GB        |      1451 | NS      | $158608.81    | 0.54%             |  |  |  | No            |                  1 | On Loan: —       |
| Assurant Inc                              | Assurant Inc                                                            | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |      1286 | NS      | $309733.10    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc             | Automatic Data Processing Inc                                           | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |       915 | NS      | $235365.45    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                             | H&R Block Inc                                                           | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Long             | EC               | CORP              | US        |      9481 | NS      | $413181.98    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Bristol-Myers Squibb Co                   | Bristol-Myers Squibb Co                                                 | CUSIP: 110122108<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | EC               | CORP              | US        |      6999 | NS      | $377526.06    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | Broadcom Inc                                                            | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |       217 | NS      | $75103.70     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                         | Brown & Brown Inc                                                       | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      5817 | NS      | $463614.90    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                           | CVS Health Corp                                                         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |      1928 | NS      | $153006.08    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                    | CenterPoint Energy Inc                                                  | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |      7656 | NS      | $293531.04    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                       | Clearway Energy Inc                                                     | CUSIP: 18539C105<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |      7950 | NS      | $249789.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc                   | Consolidated Edison Inc                                                 | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |      1463 | NS      | $145305.16    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                               | Corteva Inc                                                             | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |      4372 | NS      | $293055.16    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Crowdstrike Holdings Inc                  | Crowdstrike Holdings Inc                                                | CUSIP: 22788C105<br>LEI: 549300YBY08K9KM4HX32 | Long             | EC               | CORP              | US        |       377 | NS      | $176722.52    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                               | Datadog Inc                                                             | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Long             | EC               | CORP              | US        |       427 | NS      | $58067.73     | 0.20%             |  |  |  | No            |                  1 | On Loan: —       |
| EMCOR Group Inc                           | EMCOR Group Inc                                                         | CUSIP: 29084Q100<br>LEI: 529900X0SQJB2J7YDU43 | Long             | EC               | CORP              | US        |       464 | NS      | $283870.56    | 0.97%             |  |  |  | No            |                  1 | On Loan: —       |
| Eversource Energy                         | Eversource Energy                                                       | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |      7008 | NS      | $471848.64    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Senior Loan ETF               | First Trust Senior Loan ETF                                             | CUSIP: 33738D309<br>LEI: N/A                  | Long             | EC               | RF                | US        |      6001 | NS      | $275325.88    | 0.94%             |  |  |  | No            |                  1 | On Loan: —       |
| Franklin Resources Inc                    | Franklin Resources Inc                                                  | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Long             | EC               | CORP              | US        |     15351 | NS      | $366735.39    | 1.25%             |  |  |  | No            |                  1 | On Loan: —       |
| Gilead Sciences Inc                       | Gilead Sciences Inc                                                     | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |      1136 | NS      | $139432.64    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Gitlab Inc                                | Gitlab Inc                                                              | CUSIP: 37637K108<br>LEI: 9845004Y40FACG81ED49 | Long             | EC               | CORP              | US        |      2650 | NS      | $99454.50     | 0.34%             |  |  |  | No            |                  1 | On Loan: —       |
| Globe Life Inc                            | Globe Life Inc                                                          | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |      2138 | NS      | $299020.68    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/T            | Hartford Insurance Group Inc/The                                        | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |      1719 | NS      | $236878.20    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Short Duration Inc            | Eaton Vance Short Duration Income ETF                                   | CUSIP: 61774R825<br>LEI: 254900H1WCGW58VEGZ62 | Long             | EC               | RF                | US        |      9446 | NS      | $485937.19    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                   | Aon PLC                                                                 | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |      1506 | NS      | $531437.28    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd                               | Genpact Ltd                                                             | CUSIP: N/A<br>LEI: 529900OSEC6Q0L4L5B35       | Long             | EC               | CORP              | US        |      6278 | NS      | $293684.84    | 1.00%             |  |  |  | No            |                  1 | On Loan: —       |
| Advanced Micro Devices Inc                | Advanced Micro Devices Inc                                              | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |       846 | NS      | $181179.36    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| TCW Senior Loan ETF                       | TCW Senior Loan ETF                                                     | CUSIP: 29287L809<br>LEI: 254900NVE3TF3JFRDM25 | Long             | EC               | RF                | US        |     11764 | NS      | $544790.84    | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                  | Marsh & McLennan Cos Inc                                                | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |      1265 | NS      | $234682.80    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                    | Marvell Technology Inc                                                  | CUSIP: 573874104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2271 | NS      | $192989.58    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                            | Mastercard Inc                                                          | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |       521 | NS      | $297428.48    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                             | McKesson Corp                                                           | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |       358 | NS      | $293663.82    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                    | T Rowe Price Group Inc                                                  | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      3170 | NS      | $324544.60    | 1.11%             |  |  |  | No            |                  1 | On Loan: —       |
| State Street SPDR Bloomberg In            | SPDR Bloomberg Investment Grade Floating Rate ETF                       | CUSIP: 78468R200<br>LEI: 549300QJ0FR0L0XRBI28 | Long             | EC               | RF                | US        |     15253 | NS      | $468724.69    | 1.60%             |  |  |  | No            |                  1 | On Loan: —       |
| SentinelOne Inc                           | SentinelOne Inc                                                         | CUSIP: 81730H109<br>LEI: 984500DCD44DBF954221 | Long             | EC               | CORP              | US        |     10993 | NS      | $164895.00    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ServiceNow Inc                            | ServiceNow Inc                                                          | CUSIP: 81762P102<br>LEI: 549300HJTQM36M0E1G39 | Long             | EC               | CORP              | US        |      1168 | NS      | $178925.92    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Snowflake Inc                             | Snowflake Inc                                                           | CUSIP: 833445109<br>LEI: 254900CJNSY1K7T53Z16 | Long             | EC               | CORP              | US        |       719 | NS      | $157719.84    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                | Stanley Black & Decker Inc                                              | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |      3400 | NS      | $252552.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: —       |
| Stifel Financial Corp                     | Stifel Financial Corp                                                   | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      2258 | NS      | $282746.76    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| TD SYNNEX Corp                            | TD SYNNEX Corp                                                          | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |      1889 | NS      | $283784.47    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                                | Sysco Corp                                                              | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |      1983 | NS      | $146127.27    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp                      | Targa Resources Corp                                                    | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |       857 | NS      | $158116.50    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc                       | Thor Industries Inc                                                     | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |      3011 | NS      | $309139.37    | 1.06%             |  |  |  | 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        |    577375 | NS      | $577374.64    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                        | Union Pacific Corp                                                      | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |       656 | NS      | $151745.92    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Verisk Analytics Inc                      | Verisk Analytics Inc                                                    | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2089 | NS      | $467288.41    | 1.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Accenture PLC                             | Accenture PLC                                                           | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |      1939 | NS      | $520233.70    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Smurfit WestRock PLC                      | Smurfit WestRock PLC                                                    | CUSIP: N/A<br>LEI: 635400EGSEOPDW2EXS14       | Long             | EC               | CORP              | IE        |      9734 | NS      | $376413.78    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Aflac Inc                                 | Aflac Inc                                                               | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |      2723 | NS      | $300265.21    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Altria Group Inc                          | Altria Group Inc                                                        | CUSIP: 02209S103<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | EC               | CORP              | US        |      5883 | NS      | $339213.78    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                       | American Express Co                                                     | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      1453 | NS      | $537537.35    | 1.83%             |  |  |  | No            |                  1 | On Loan: —       |
| Ambarella Inc                             | Ambarella Inc                                                           | CUSIP: N/A<br>LEI: 254900XN7F4DG0CEKC02       | Long             | EC               | CORP              | US        |      2317 | NS      | $164136.28    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc                 | Dick's Sporting Goods Inc                                               | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      2354 | NS      | $466021.38    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                          | Donaldson Co Inc                                                        | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |      3187 | NS      | $282559.42    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                          | Duke Energy Corp                                                        | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2587 | NS      | $303222.27    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynatrace Inc                             | Dynatrace Inc                                                           | CUSIP: 268150109<br>LEI: 6488T0Z33CE9L61EX904 | Long             | EC               | CORP              | US        |      3649 | NS      | $158147.66    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-24

**Name of Applicant:** Absolute Shares Trust

**Signature:** /s/Fred Teufel

**Name of Signer:** Fred Teufel

**Title:** Principal Financial Officer