Magda El Guindi-Rosenbaum
+1.202.373.6091
mer@morganlewis.com
VIA EDGAR
March 13, 2018
U.S. Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Re: | AdvisorShares Trust (File No. 811-22110) |
Ladies and Gentlemen:
On behalf of AdvisorShares Trust (the “Trust”), we are filing, pursuant to the Securities Exchange Act of 1934 and the Investment Company Act of 1940, a preliminary proxy statement on Schedule 14A, including a notice of special meeting of shareholders of the Trust’s AdvisorShares KIM Korea Equity ETF (the “Fund”) and a form of proxy card.
The special meeting is being called for the purpose of: (i) eliminating the Fund’s diversification policy, thereby changing the Fund’s classification from a diversified investment company to a non-diversified investment company; and (ii) changing the Fund’s concentration policy to state that it will concentrate in the Semiconductors and Semiconductor Equipment Industry.
Please contact me at (202) 373-6091 with questions or comments.
Sincerely,
/s/ Magda El Guindi-Rosenbaum
Magda El Guindi-Rosenbaum
Morgan, Lewis & Bockiusllp | |
1111 Pennsylvania Avenue, NW | |
Washington, DC 20004 | ![]() |
United States | ![]() |