As of June 14, 2019, Absolute Shares Trust - WBI BullBear Global Rotation ETF has gone out of business. Absolute Shares Trust - WBI BullBear Global Rotation ETF is an exchange traded fund launched and managed by Millington Securities, Inc. The fund is co-managed by WBI Investments, Inc. It invests in the public equity, fixed income, commodity and currency markets of countries across the globe. The fund invests, directly, through other ETPs and through derivatives such as futures contracts, swap agreements, forward contracts, and options on securities, in securities of companies. For its equity portion, it invests in stocks of companies operating across diversified sectors. The fund invests in stocks of companies across all market capitalizations. For its fixed income portion, it invests in fixed, floating, and variable corporate debt securities, U.S. Government securities, debt securities of foreign issuers, sovereign debt securities, U.S. Government agency securities, high-yield bonds, mortgage-backed securities, asset-backed securities, TIPS, and zero coupon bonds with maturities ranging from less than one year to more than thirty years. The fund also invests in commodities, currencies, and alternative asset classes. It employs fundamental analysis to create its portfolio. The fund employs proprietary research to create its portfolio. Absolute Shares Trust - WBI BullBear Global Rotation ETF was formed on July 25, 2016 and is domiciled in the United States.