AdvisorShares Dorsey Wright Short ETF (DWSH) N-PX Annual report of proxy voting record

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number:    811-22110

AdvisorShares Trust

(Exact name of registrant as specified in charter)

3 Bethesda Metro Center, Suite 700, Bethesda, Maryland     20814

(Address of principal executive offices)                            (Zip code)

Noah Hamman

AdvisorShares Investments, LLC

3 Bethesda Metro Center, Suite 700

Bethesda, Maryland  20814

(Name and address of agent for service)

Registrant’s telephone number, including area code: 202-684-6383

Date of fiscal year end: June 30

Date of reporting period: June 30, 2011

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant’s proxy voting record for the most recent twelve-month period ended June 30, pursuant to section 30 of the Investment Company Act of 1940 and Rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

MARS HILL GLOBAL RELATIVE VALUE ETF
	(a) Issuer's Name	(b) Exchange Ticker Symbol	(c)"CUSIP" #	(d) Shareholder Meeting Date	(f) Proposal Type	(g) Voted	(h) Vote Cast	(i) For/Against Management
1	ADVANCED MICRO DEVICES, INC.	AMD	007903SMH	03-May-11		did not vote
2	ALTERA CORPORATION	ALTR	021441SMH	10-May-11	Director Daane	5/6/2011	For	For
					Director Finocchio	5/6/2011	For	For
					Director McGarity	5/6/2011	For	For
					Director Nevens	5/6/2011	For	For
					Director Prabhu	5/6/2011	For	For
					Director Shoemaker	5/6/2011	For	For
					Director Wang	5/6/2011	For	For
					05 Equity Incentive Plan Amendment	5/6/2011	For	For
					87 SPP Amendment	5/6/2011	For	For
					Eliminate Supermajority Voting	5/6/2011	For	For
					Add Forum Selectin Clause	5/6/2011	For	For
					20%+ Shareholders May Call Special Meetings	5/6/2011	For	For
					Executive Compensation	5/6/2011	For	For
					Frequence of Exec Comp Votes	5/6/2011	1 Year	For
					Ratify PWC as Accounting Firm	5/6/2011	For	For
3	AMKOR TECHNOLOGY, INC.	AMKR	031652SMH	03-May-11		did not vote
4	BROADCOM CORPORATION	BRCM	111320SMH	05-May-11		did not vote
5	INTEL CORPORATION	INTC	458140SMH	19-May-11	Director Barshefsky	5/18/2011	For	For
					Director Decker	5/18/2011	For	For
					Director Donahoe	5/18/2011	For	For
					Director Hundt	5/18/2011	For	For
					Director Otellini	5/18/2011	For	For
					Director Plummer	5/18/2011	For	For
					Director Pottruck	5/18/2011	For	For
					Director Shaw	5/18/2011	For	For
					Directyor Yeary	5/18/2011	For	For
					Director Yoffie	5/18/2011	For	For
					Ratify Ernst Young as Accounting Firm	5/18/2011	For	For
					06 Equity Incentive Plan Amendment	5/18/2011	For	For
					06 SPP Amendment	5/18/2011	For	For
					Advisory Vote on Exec Comp	5/18/2011	For	For
					Frequency of Future Exec Comp Votes	5/18/2011	None	No Vote
6	INTUIT INC.	INTU	461202SWH	19-Jan-11		did not vote
7	LSI CORPORATION	LSI	502161SMH	11-May-11		did not vote
8	NUANCE COMMUNICATIONS, INC.	NUAN	67020YSWH	20-Jan-11		did not vote
9	TEXAS INSTRUMENTS INCORPORATED	TXN	882508SMH	21-Apr-11		did not vote

WCM/BNY MELLON FOCUSED GROWTH ADR ETF
	(a) Issuer's Name	(b) Exchange Ticker Symbol	(c)"CUSIP" #	(d) Shareholder Meeting Date	(e)Number and Description	(f) Proposal Type	(g) Voted	(h) Vote Cast	(i) For/Against Management
1	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1a. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1b. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1c. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1d. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1e. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1f. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1g. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1h. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1i. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1j. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1k. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	1l. Election of Directors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	2. Appointment of Auditors		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	3. Performance Option Plan		Y	For	For
	Potash Corp of Saskatchewan	POT	73755L107	5/12/2011	4. Executive Compensation		Y	For	For
2	Nestle S.A	NSRGY	641069406	4/14/2011	1A Annual Report		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	1B Annual Compensation		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	2 Release		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	3 Appropriation of Profits		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4A1 Director Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4A2 Director Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4A3 Director Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4A4 Director Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4A5 Director Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4A6 Director Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4B Director Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	4C Auditor Re-Election		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	5 Capital Reduction		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	6 Event of New Proposal		Y	For	For
	Nestle S.A	NSRGY	641069406	4/14/2011	7 Use of Independent Rep		Y	For	For
3	Novartis AG	NVS	66987V109	4/8/2011	1A. Approve Merger		Y	For	For
	Novartis AG	NVS	66987V109	4/8/2011	1B Issuance of New Shares		Y	For	For
	Novartis AG	NVS	66987V109	4/8/2011	2 Event of New Proposal		Y	For	For
4	ABB LTD	ABB	000375204	4/29/2011	2A Annual Report		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	2B Remuneration Report		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	3 Discharge of Board		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	4 Appropriation of Earnings		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	5 Creation of Capital		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	6 Renewal of Share Capital		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7A Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7B Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7C Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7D Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7D Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7D Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7D Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	7D Director Re-Election		Y	For	For
	ABB LTD	ABB	000375204	4/29/2011	8 Re-Election of Auditors		Y	For	For
5	Lazard LTD	LAZ	G540501027	4/26/2011	1a. Election of Directors		Y	For	For
	Lazard LTD	LAZ	G540501027	4/26/2011	1b. Election of Directors		Y	For	For
	Lazard LTD	LAZ	G540501027	4/26/2011	1c. Election of Directors		Y	For	For
	Lazard LTD	LAZ	G540501027	4/26/2011	2. Appointment of Auditors		Y	For	For
	Lazard LTD	LAZ	G540501027	4/26/2011	3. Executive Compensation		Y	Against	For
	Lazard LTD	LAZ	G540501027	4/26/2011	4. Frequency of Voting on Executive Compensation		Y	1 Year	3 years
6	Canadian National Railway	CNI	136375102	4/25/2011	1a. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1b. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1c. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1d. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1e. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1f. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1g. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1h. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1i. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1j. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1k. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1l. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	1m. Election of Directors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	2. Appointment of Auditors		Y	For	For
	Canadian National Railway	CNI	136375102	4/25/2011	3. Executive Compensation		Y	For	For
7	ACE Limited	ACE	H0023R105	5/18/2011	1. Election of Director		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	2. Election of Director		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	3. Election of Director		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	4. Election of Director		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	5. Election of Director		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	6. Election of Director		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	7. Annual Report		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	8. Statutory Financial Statements		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	9. Consolidated Financial Statements		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	10. Allocation of Profit		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	11. Discharge of Board of Directors		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	12. Appointment of Auditors		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	13. Appointment of Accounting Firm		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	14. Appointment of Auditors		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	15. Approval of Dividends		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	16. Vote on Executive Compensation		Y	For	For
	ACE Limited	ACE	H0023R105	5/18/2011	17. Frequency of Voting on Executive Compensation		Y	1 Year	None
8	Core Laboratories N.V	CLB	N22717107	5/19/2011	1a. Election of Directors		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	1b. Election of Directors		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	1c. Election of Directors		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	1d. Election of Directors		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	2. Adopt Dutch Statutory Annual Accounts		N	Abstain	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	3. Cancellation of Repurchased Shares		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	4. Extension of Repurchase		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	5. Approve Authority to Issue Shares		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	6. Approve Authority to Limit Preemptive Rights		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	7. Appointment of Auditors		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	8. Executive Compensation		Y	For	For
	Core Laboratories N.V	CLB	N22717107	5/19/2011	9. Frequency of Voting on Executive Compensation		Y	1 Year	3 Years
9	Taiwan Semiconductor Mfg. Co	TSM	874039100	6/9/2011	1. Accept 2010 Reports/Statements		Y	For	For
	Taiwan Semiconductor Mfg. Co	TSM	874039100	6/9/2011	2. Distribution of Profits		Y	For	For
	Taiwan Semiconductor Mfg. Co	TSM	874039100	6/9/2011	3. Revise Lending Rulse		Y	For	For
	Taiwan Semiconductor Mfg. Co	TSM	874039100	6/9/2011	4. Approve Transfer of Solar Business		Y	For	For
	Taiwan Semiconductor Mfg. Co	TSM	874039100	6/9/2011	5a. Election of Directors		Y	For	For
	Taiwan Semiconductor Mfg. Co	TSM	874039100	6/9/2011	5b. Election of Directors		Y	For	For
10	Infosys Technologies Limited	INFY	456788108	6/11/2011	1. Adopt Balance Sheet and Annual Reports		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	2. Dividend		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	3. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	4. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	5. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	6. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	7. Closure of Board Position		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	8. Appointment of Auditors		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	9. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	10. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	11. Election of Director		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	12. Appointment of CEO		Y	For	None
	Infosys Technologies Limited	INFY	456788108	6/11/2011	13. Approve Name Change		Y	For	None
11	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	1. Audit Process		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	2. Election of Director		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	3. Election of Director		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	4. Uses of Capital		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	5. Share Repurchase		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	6. Share Issuance		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	7. Authority to Cancel Buyback		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	8. Share Capital Increase		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	9. Increase Employee Savings Plan		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	10. Share Issuance		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	11. Executive Compensation		Y	For	For
	LVMH MOET HENNESSY	LVMUY	502441306	3/31/2011	12. Shareholder Rights		Y	For	For
12	Novo-Nordisk	NVO	670100205	3/23/2011	2. Annual Report		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	3.1. Remuneration of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	3.2. Remuneration level of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	4. Distribution of Profits		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5a. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5b. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5c. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5d. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5e. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5f. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5g. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5h. Election of Directors		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5.2 Election of Chairman		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	5.3 Election of Vice Chairman		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	6. Appointment of Auditor		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	7.1 Reduction of B shares		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	7.2 Acquisition of Share Capital		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	7.3.1 Article 2 Amendment		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	7.3.2 Article 7.5 Amendment		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	7.3.3 Article 11.2 Amendment		Y	For	For
	Novo-Nordisk	NVO	670100205	3/23/2011	7.4 Remuneration Principles		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	1. Annual Report		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	2. Discharge of Director Liability		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	3. Appropriation of Earnings		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	4. Executive Compensation		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	5.1 Election of Directors		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	5.2 Re-Election of Directors		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	5.3 Election of Directors		Y	For	For
	Novartis AG	NVS	66987V109	2/22/2011	6. Appointment of Auditor		Y	For	For
13	SGS S.A.	SGSOY	818800104	3/15/2011	1. Annual Report		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	2. Report on Remuneration		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	3. Release to Board of Directors		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	4. Dividend Payment		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	5.1 Election of Directors		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	5.2 Election of Directors		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	6. Election of Director		Y	For	For
	SGS S.A.	SGSOY	818800104	3/15/2011	7. Amendment of Articles of Incorporation		Y	For	For
14	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	1. Dividend Payment		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2a. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2b. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2c. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2d. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2e. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2f. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2g. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2h. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2i. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2j. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	2k. Election of Directors		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	3. Corporate Practices Committee		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	4. Annual Reports		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	5. Share Repurchase		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	6. Amendent of By-Laws		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	7. Tax Compliance		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	8. Employee Stock Option Plan		Y	For	For
	Wal-Mart De Mexico	WMMVY	93114W107	3/10/2011	9. Foundation		Y	For	For

======================= DENT TACTICAL ETF =======================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

====================== PERITUS HIGH YIELD ETF ======================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

==================== CAMBRIA GLOBAL TACTICAL ETF ====================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

=========================== ACTIVE BEAR ETF ==========================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

================== MADRONA DOMESTIC ETF ==================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

================ MADRONA INTERNATIONAL ETF ===============

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

================= MADRONA GLOBAL BOND ETF ================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

================== MEIDELL TACTICAL ADVANTAGE ETF ==================

There is no proxy voting activity for the fund, as the fund did not hold any votable positions during the reporting period.

===============================================================

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	AdvisorShares Trust
By:	/s/ Noah Hamman
Name:	Noah Hamman
Title:	Chief Executive Officer, Principal Financial Officer, & President
Date:	August 19, 2011