Index-Related Risk Member Index-Related Risk Member REIT Risk Member REIT Risk Member WBI BullBear Trend Switch US 1000 Total Return ETF Class WBI BullBear Trend Switch US 1000 Total Return ETF, C000212146, WBIQ Value Risk Member Value Risk Member Solactive Power Factor® High Dividend GTR Index (reflects no deduction for fees, expenses, or taxes) Solactive Power Factor® High Dividend GTR Index (reflects no deduction for fees, expenses, or taxes) WBI BullBear Trend Switch US 2000 ETF WBI BullBear Trend Switch US 2000 ETF, S000065587 Equity Securities Risk Member Equity Securities Risk Member Exchange-Traded Note Risk Member Exchange-Traded Note Risk Member Trend Lag Risk Member Trend Lag Risk Member Premium/Discount Risk Member Premium/Discount Risk Member WBI Fundamental Factors Hedged ETF WBI FUNDAMENTAL FACTORS HEDGED ETF Series S000044181 WBI Trend Leaders Hedged ETF Class WBI TREND LEADERS HEDGED ETF Class, C000137333, WBIL Small- And Medium-Sized Companies Risk Member Small- And Medium-Sized Companies Risk Member WBI Power Factor® High Dividend ETF Class WBI Power Factor® High Dividend ETF, C000174967, WBIY Investable Universe Of Companies Risk Member Investable Universe Of Companies Risk Member Shares Of The Fund May Trade At Prices Other Than Nav Risk Member Shares Of The Fund May Trade At Prices Other Than Nav Risk Member Debt Securities Risk Member Debt Securities Risk Member Concentration Risk Member Concentration Risk Member Growth Risk Member Growth Risk Member Valuation Risk Member Valuation Risk Member Dividend Risk Member Dividend Risk Member Management Risk Member Management Risk Member Government Obligations Risk Member Government Obligations Risk Member Tracking Error Risk Member Tracking Error Risk Member Derivatives Risk Member Derivatives Risk Member Risk Of Investing In The United States Member Risk Of Investing In The United States Member Secondary Market Trading Risk Member Secondary Market Trading Risk Member Active ETF Risk Member Active ETF Risk Member Quantitative Model Risk Member Quantitative Model Risk Member S&P 500® Index (reflects no deduction for fees, expenses, or taxes) S&P 500® Index (reflects no deduction for fees, expenses, or taxes) WBI Power Factor® High Dividend ETF WBI Power Factor® High Dividend ETF, S000055583 Master Limited Partnership Risk Member Master Limited Partnership Risk Member Cybersecurity Risk Member Cybersecurity Risk Member Model Risk Member Model Risk Member WBI Income Generators Hedged ETF Class WBI INCOME GENERATORS HEDGED ETF Class, C000137332, WBIG WBI Income Generators Hedged ETF WBI INCOME GENERATORS HEDGED ETF Series S000044182 ETF And Other Investment Companies Risk Member ETF And Other Investment Companies Risk Member Portfolio Turnover Risk Member Portfolio Turnover Risk Member Counterparty Risk Member Counterparty Risk Member WBI BullBear Trend Switch US 1000 Total Return ETF WBI BullBear Trend Switch US 1000 Total Return ETF, S000065586 High-Yield Securities Risk Member High-Yield Securities Risk Member Foreign And Emerging Market Securities Risk Member Foreign And Emerging Market Securities Risk Member Authorized Participant Concentration Risk Member Authorized Participant Concentration Risk Member Calculation Methodology Risk Member Calculation Methodology Risk Member WBI BullBear Trend Switch US 2000 ETF Class WBI BullBear Trend Switch US 2000 ETF, C000212147, WBIM Shares Are Not Individually Redeemable Risk Member Shares Are Not Individually Redeemable Risk Member Cash Position Risk Member Cash Position Risk Member WBI BullBear Trend Switch US 2000 Total Return ETF WBI BullBear Trend Switch US 2000 Total Return ETF, S000065588 High Dividend Yield Stocks Risk Member High Dividend Yield Stocks Risk Member Fundamental Business Risk Member Fundamental Business Risk Member Issuer Risk Member Issuer Risk Member WBI BullBear Trend Switch US 1000 ETF Class WBI BullBear Trend Switch US 1000 ETF, C000212145, WBIK Trading Price Risk Member Trading Price Risk Member WBI Trend Leaders Hedged ETF WBI TREND LEADERS HEDGED ETF Series, S000044183, Series Market Risk Member Market Risk Member Equity Options Risk Member Equity Options Risk Member Liquidity Risk Member Liquidity Risk Member Investment Style Risk Member Investment Style Risk Member WBI BullBear Trend Switch US 1000 ETF WBI BullBear Trend Switch US 1000 ETF, S000065585 Passive Investment Risk Member Passive Investment Risk Member Fluctuation Of Net Asset Value Risk Member Fluctuation Of Net Asset Value Risk Member Interest Rate Risk 1 Member Interest Rate Risk 1 Member WBI BullBear Trend Switch US 2000 Total Return ETF Class WBI BullBear Trend Switch US 2000 Total Return ETF, C000212148, WBIS WBI Fundamental Factors Hedged ETF Class WBI FUNDAMENTAL FACTORS HEDGED ETF Class, C000137331 WBIF