As of June 14, 2019, Absolute Shares Trust - WBI BullBear Global High Income ETF has gone out of business. Absolute Shares Trust - WBI BullBear Global High Income 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 and fixed income markets across the globe. The fund invests, directly, through other ETFs and ETNs, and through MLPs, in securities of companies. For its equity portion, it invests in stocks of companies operating across diversified sectors. The fund invests in dividend paying stocks of companies across all market capitalizations. For its fixed income portion, it invests in debt securities issued by corporate, U.S. Government, and U.S. Government agencies, including fixed, floating, and variable rate securities, mortgage-backed securities and high yield bonds with varying maturities ranging from less than one year up to thirty years. The fund employs an absolute return approach to create its portfolio. It employs quantitative analysis to create its portfolio. The fund benchmarks the performance of its portfolio against a composite index comprising of 15% Russell 1000 Value Index, 15% Russell 2000 Value Index and 70% Bloomberg Barclays US Aggregate Bond Index. It uses proprietary research to create its portfolio. Absolute Shares Trust - WBI BullBear Global High Income ETF was formed on August 25, 2014 and is domiciled in the United States.