ADVISORSHARES Q DYNAMIC GROWTH ETF
Schedule of Investments
March 31, 2023 (Unaudited)
Investments | Shares | Value | ||||||
EXCHANGE TRADED FUNDS – 98.2% | ||||||||
Commodity Fund – 0.2% | ||||||||
SPDR Gold Shares* | 334 | $ | 61,196 | |||||
Equity Fund – 98.0% | ||||||||
Invesco QQQ Trust Series 1(a) | 30,876 | 9,909,035 | ||||||
iShares Core S&P Small-Cap ETF | 15,391 | 1,488,310 | ||||||
iShares Russell 2000 Growth ETF | 160 | 36,291 | ||||||
iShares US Technology ETF | 48,885 | 4,537,017 | ||||||
Technology Select Sector SPDR Fund(a) | 51,717 | 7,809,784 | ||||||
Vanguard Real Estate ETF | 627 | 52,066 | ||||||
Vanguard Total Stock Market ETF | 5,255 | 1,072,545 | ||||||
Total Equity Fund | 24,905,048 | |||||||
Total Exchange Traded Funds | ||||||||
(Cost $27,901,101) | 24,966,244 | |||||||
MONEY MARKET FUNDS – 26.7% | ||||||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Class, 4.79%(b)(c) | 6,298,975 | 6,298,975 | ||||||
Fidelity Investments Money Market Government Portfolio – Class I, 4.47%(b) | 507,199 | 507,199 | ||||||
Total Money Market Funds | ||||||||
(Cost $6,806,174) | 6,806,174 | |||||||
Total Investments – 124.9% | ||||||||
(Cost $34,707,275) | 31,772,418 | |||||||
Liabilities in Excess of Other Assets – (24.9%) | (6,346,580 | ) | ||||||
Net Assets – 100.0% | $ | 25,425,838 |
ETF - Exchange Traded Fund
* | Non-income producing security. |
(a) | All or a portion of security is on loan. The aggregate market value of the securities on loan is $6,258,661; the aggregate market value of the collateral held by the fund is $6,298,975. |
(b) | Rate shown reflects the 7-day yield as of March 31, 2023. |
(c) | Collateral received from brokers for securities lending was invested in these short-term investments. |
ADVISORSHARES Q DYNAMIC GROWTH ETF
Schedule of Investments (continued)
March 31, 2023 (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 March 31, 2023, 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 | ||||||||||||
Exchange Traded Funds | $ | 24,966,244 | $ | - | $ | - | $ | 24,966,244 | ||||||||
Money Market Funds | 6,806,174 | - | - | 6,806,174 | ||||||||||||
Total | $ | 31,772,418 | $ | - | $ | - | $ | 31,772,418 |
SUMMARY OF SCHEDULE OF INVESTMENTS
% of | ||||
Net Assets | ||||
Commodity Fund | 0.2 | % | ||
Equity Fund | 98.0 | |||
Money Market Funds | 26.7 | |||
Total Investments | 124.9 | |||
Liabilities in Excess of Other Assets | (24.9 | ) | ||
Net Assets | 100.0 | % |