ADVISORSHARES DRONE TECHNOLOGY ETF
Schedule of Investments
September 30, 2022 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS – 92.4% | ||||||||
Aerospace/Defense – 38.1% | ||||||||
AeroVironment, Inc.* | 181 | $ | 15,088 | |||||
Airbus SE (France)(a) | 534 | 11,465 | ||||||
Amprius Technologies, Inc.* | 1,700 | 15,681 | ||||||
Archer Aviation, Inc., Class A* | 2,953 | 7,708 | ||||||
Boeing Co. (The)* | 28 | 3,390 | ||||||
Elbit Systems Ltd. (Israel) | 24 | 4,564 | ||||||
Joby Aviation, Inc.* | 2,678 | 11,596 | ||||||
Kratos Defense & Security Solutions, Inc.* | 858 | 8,717 | ||||||
L3Harris Technologies, Inc. | 40 | 8,313 | ||||||
Lockheed Martin Corp. | 48 | 18,542 | ||||||
Northrop Grumman Corp. | 40 | 18,813 | ||||||
Teledyne Technologies, Inc.* | 24 | 8,099 | ||||||
Thales SA (France)(a) | 184 | 4,032 | ||||||
Vertical Aerospace Ltd. (United Kingdom)*(b) | 2,192 | 20,517 | ||||||
Total Aerospace/Defense | 156,525 | |||||||
Airlines – 2.8% | ||||||||
Lilium NV (Germany)*(b) | 5,121 | 11,676 | ||||||
Auto Manufacturers – 0.5% | ||||||||
Workhorse Group, Inc.*(b) | 774 | 2,221 | ||||||
Computers – 1.5% | ||||||||
Draganfly, Inc. (Canada)* | 8,899 | 6,229 | ||||||
Electronics – 15.2% | ||||||||
GoPro, Inc., Class A* | 2,324 | 11,457 | ||||||
Honeywell International, Inc. | 24 | 4,007 | ||||||
Jabil, Inc. | 550 | 31,741 | ||||||
Trimble, Inc.* | 280 | 15,196 | ||||||
Total Electronics | 62,401 | |||||||
Engineering & Construction – 1.3% | ||||||||
EHang Holdings Ltd. (China)*(a) | 1,290 | 5,431 | ||||||
Internet – 6.0% | ||||||||
Alphabet, Inc., Class C* | 80 | 7,692 | ||||||
Amazon.com, Inc.* | 80 | 9,040 | ||||||
Blade Air Mobility, Inc.*(b) | 2,014 | 8,116 | ||||||
Total Internet | 24,848 | |||||||
Machinery - Diversified – 1.8% | ||||||||
AgEagle Aerial Systems, Inc.* | 16,081 | 7,471 | ||||||
Metal Fabricate/Hardware – 0.8% | ||||||||
Alpine 4 Holdings, Inc.* | 5,506 | 3,056 | ||||||
Miscellaneous Manufacturing – 4.9% | ||||||||
Axon Enterprise, Inc.* | 136 | 15,742 | ||||||
Textron, Inc. | 72 | 4,195 | ||||||
Total Miscellaneous Manufacturing | 19,937 | |||||||
Semiconductors – 6.2% | ||||||||
Ambarella, Inc.* | 28 | 1,573 | ||||||
NVIDIA Corp. | 40 | 4,855 | ||||||
QUALCOMM, Inc. | 168 | 18,981 | ||||||
Total Semiconductors | 25,409 | |||||||
Software – 4.6% | ||||||||
Red Cat Holdings, Inc.* | 11,424 | 19,078 | ||||||
Telecommunications – 1.4% | ||||||||
Ondas Holdings, Inc.*(b) | 1,591 | 5,887 | ||||||
Transportation – 7.3% | ||||||||
Drone Delivery Canada Corp. (Canada)* | 10,775 | 2,705 | ||||||
FedEx Corp. | 84 | 12,471 |
Investments | Shares/ Principal | Value | ||||||
COMMON STOCKS (continued) | ||||||||
Transportation (continued) | ||||||||
United Parcel Service, Inc., Class B | 92 | $ | 14,862 | |||||
Total Transportation | 30,038 | |||||||
Total Common Stocks | ||||||||
(Cost $465,958) | 380,207 | |||||||
MONEY MARKET FUND – 6.3% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 2.47%(c) | ||||||||
(Cost $26,085) | 26,085 | 26,085 | ||||||
REPURCHASE AGREEMENT – 9.6%(d) | ||||||||
Deutsche Bank Securities, Inc., dated 09/30/22, due 10/03/22, 2.97%, total to be received $39,391, (collateralized by various U.S. Government Agency Obligations, 0.00%-2.50%, 10/31/23-1/31/28, totaling $40,037) | ||||||||
(Cost $39,381) | $ | 39,381 | 39,381 | |||||
Total Investments – 108.3% | ||||||||
(Cost $531,424) | 445,673 | |||||||
Liabilities in Excess of Other Assets – (8.3%) | (34,257 | ) | ||||||
Net Assets – 100.0% | $ | 411,416 |
* | Non-income producing security. |
(a) | American Depositary Receipt. |
(b) | All or a portion of security is on loan. The aggregate market value of the securities on loan is $38,393; the aggregate market value of the collateral held by the fund is $39,381. |
(c) | Rate shown reflects the 7-day yield as of September 30, 2022. |
(d) | Collateral received from brokers for securities lending was invested in these short-term investments. |
ADVISORSHARES DRONE TECHNOLOGY ETF
Schedule of Investments (continued)
September 30, 2022 (Unaudited)
For information on the Fund’s policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund’s most recent semi-annual or annual financial statements.
Fair Value Measurements
The following is a summary of the inputs used, as of September 30, 2022, in valuing the Fund’s assets and liabilities carried at fair value. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds and credit risk). Level 3 includes significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments). The level assigned to the securities valuations may not be an indication of the risk or liquidity associated with investing in those securities.
Assets | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 380,207 | $ | - | $ | - | $ | 380,207 | ||||||||
Money Market Fund | 26,085 | - | - | 26,085 | ||||||||||||
Repurchase Agreement | - | 39,381 | - | 39,381 | ||||||||||||
Total | $ | 406,292 | $ | 39,381 | $ | - | $ | 445,673 |
SUMMARY OF SCHEDULE OF INVESTMENTS
% of | ||||
Net Assets | ||||
Aerospace/Defense | 38.1 | % | ||
Airlines | 2.8 | |||
Auto Manufacturers | 0.5 | |||
Computers | 1.5 | |||
Electronics | 15.2 | |||
Engineering & Construction | 1.3 | |||
Internet | 6.0 | |||
Machinery - Diversified | 1.8 | |||
Metal Fabricate/Hardware | 0.8 | |||
Miscellaneous Manufacturing | 4.9 | |||
Semiconductors | 6.2 | |||
Software | 4.6 | |||
Telecommunications | 1.4 | |||
Transportation | 7.3 | |||
Money Market Fund | 6.3 | |||
Repurchase Agreement | 9.6 | |||
Total Investments | 108.3 | |||
Liabilities in Excess of Other Assets | (8.3 | ) | ||
Net Assets | 100.0 | % |