AdvisorShares Dorsey Wright FSM US Core ETF (DWUS) NPORT-P AdvisorShares Insider Advantage ETF (Sep 2023 report)

ADVISORSHARES INSIDER ADVANTAGE ETF

(formerly AdvisorShares DoubleLine Value Equity ETF)

Schedule of Investments

September 30, 2023 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 99.8%
Agriculture – 1.0%
Altria Group, Inc.		9,491	$	399,097
Auto Parts & Equipment – 2.1%
Allison Transmission Holdings, Inc.		7,733		456,711
Gentex Corp.		12,852		418,204
Total Auto Parts & Equipment				874,915
Building Materials – 2.0%
Eagle Materials, Inc.		2,413		401,813
Griffon Corp.		10,381		411,814
Total Building Materials				813,627
Chemicals – 2.7%
Cabot Corp.		5,932		410,910
Olin Corp.		7,217		360,706
Orion SA (Germany)		15,466		329,116
Total Chemicals				1,100,732
Coal – 2.8%
Alpha Metallurgical Resources, Inc.		2,412		626,469
CONSOL Energy, Inc.		4,943		518,570
Total Coal				1,145,039
Commercial Services – 8.0%
Cintas Corp.		811		390,099
EVERTEC, Inc. (Puerto Rico)		10,381		385,965
H&R Block, Inc.		10,480		451,269
Perdoceo Education Corp.		25,210		431,091
S&P Global, Inc.		1,038		379,296
Textainer Group Holdings Ltd. (China)		10,149		378,050
Triton International Ltd. (Bermuda)		5,584		444,207
Verisk Analytics, Inc.		1,790		422,870
Total Commercial Services				3,282,847
Computers – 3.0%
Apple, Inc.		2,341		400,802
Cognizant Technology Solutions Corp., Class A		6,404		433,807
NetApp, Inc.		5,536		420,072
Total Computers				1,254,681
Cosmetics/Personal Care – 1.0%
Inter Parfums, Inc.		2,966		398,452
Diversified Financial Services – 4.7%
Capital One Financial Corp.		3,674		356,562
Cboe Global Markets, Inc.		2,669		416,924
Mastercard, Inc., Class A		967		382,845
SEI Investments Co.		6,669		401,674
Visa, Inc., Class A(a)		1,644		378,136
Total Diversified Financial Services				1,936,141
Electric – 1.2%
Vistra Corp.		15,466		513,162
Electrical Components & Equipment – 1.0%
Encore Wire Corp.		2,341		427,139
Electronics – 1.9%
CTS Corp.		8,510		355,208
Vontier Corp.		14,148		437,456
Total Electronics				792,664
Gas – 0.9%
ONE Gas, Inc.		5,536		377,998
Healthcare - Services – 1.0%
HCA Healthcare, Inc.		1,700		418,166
Home Builders – 4.0%
D.R. Horton, Inc.		3,607		387,644
KB Home		8,704		402,821
Lennar Corp., Class A		3,876		435,004
PulteGroup, Inc.		5,736		424,751
Total Home Builders				1,650,220
Household Products/Wares – 1.9%
Spectrum Brands Holdings, Inc.		4,943		387,284
WD-40 Co.		1,878		381,685
Total Household Products/Wares				768,969
Insurance – 3.8%
Aon PLC, Class A		1,161		376,419
Essent Group Ltd		8,008		378,698
MGIC Investment Corp.		26,179		436,928
Primerica, Inc.		2,027		393,258
Total Insurance				1,585,303
Internet – 1.0%
CDW Corp.		2,076		418,854
Iron/Steel – 2.9%
Nucor Corp.		2,743		428,868
Reliance Steel & Aluminum Co.		1,483		388,887
Steel Dynamics, Inc.		3,490		374,198
Total Iron/Steel				1,191,953
Lodging – 3.0%
Hilton Worldwide Holdings, Inc.		2,768		415,698
Hyatt Hotels Corp., Class A		3,757		398,543
Marriott International, Inc., Class A		2,068		406,486
Total Lodging				1,220,727
Machinery - Construction & Mining – 1.0%
Terex Corp.		7,316		421,548
Machinery - Diversified – 0.9%
Zurn Elkay Water Solutions Corp.		14,039		393,373
Media – 2.8%
Comcast Corp., Class A		9,570		424,334
Fox Corp., Class A		12,753		397,894
Scholastic Corp.		8,894		339,217
Total Media				1,161,445
Metal Fabricate/Hardware – 2.0%
Advanced Drainage Systems, Inc.		3,771		429,253
Standex International Corp.		2,620		381,708
Total Metal Fabricate/Hardware				810,961
Miscellaneous Manufacturing – 0.9%
A.O. Smith Corp.		5,896		389,902
Oil & Gas – 12.4%
California Resources Corp.		7,494		419,739
Chesapeake Energy Corp.(a)		4,844		417,698
Chord Energy Corp.		2,570		416,520
ConocoPhillips		3,233		387,313
Coterra Energy, Inc.		14,294		386,653
EOG Resources, Inc.		3,263		413,618
Exxon Mobil Corp.		3,702		435,281
Marathon Petroleum Corp.		3,174		480,353
PBF Energy, Inc., Class A		9,079		485,999
Phillips 66		3,559		427,614
SM Energy Co.		9,886		391,980
Valero Energy Corp.		3,180		450,638
Total Oil & Gas				5,113,406

ADVISORSHARES INSIDER ADVANTAGE ETF

(formerly AdvisorShares DoubleLine Value Equity ETF)

Schedule of Investments (continued)

September 30, 2023 (Unaudited)

Investments	Shares		Value
COMMON STOCKS (continued)
Oil & Gas Services – 1.0%
ChampionX Corp.		11,369	$	404,964
Pharmaceuticals – 2.9%
Cardinal Health, Inc.		4,647		403,452
Johnson & Johnson		2,472		385,014
McKesson Corp.		967		420,500
Total Pharmaceuticals				1,208,966
Pipelines – 2.0%
Cheniere Energy, Inc.		2,484		412,244
Targa Resources Corp.		4,844		415,228
Total Pipelines				827,472
REITS – 1.9%
Empire State Realty Trust, Inc., Class A		51,231		411,897
Equity LifeStyle Properties, Inc.		6,130		390,542
Total REITS				802,439
Retail – 8.0%
Home Depot, Inc. (The)		1,258		380,117
Jack in the Box, Inc.		5,141		355,037
Lowe's Cos., Inc.		1,829		380,139
Murphy USA, Inc.		1,307		446,641
Patrick Industries, Inc.		5,675		425,966
Penske Automotive Group, Inc.		2,543		424,834
Texas Roadhouse, Inc.		3,955		380,076
Williams-Sonoma, Inc.(a)		3,156		490,442
Total Retail				3,283,252
Semiconductors – 4.9%
Applied Materials, Inc.		2,880		398,736
Broadcom, Inc.		484		402,001
KLA Corp.		872		399,951
Lam Research Corp.		636		398,626
Microchip Technology, Inc.		5,260		410,543
Total Semiconductors				2,009,857
Software – 2.0%
Intuit, Inc.		791		404,154
MSCI, Inc.		791		405,846
Total Software			��	810,000
Telecommunications – 2.1%
Cisco Systems, Inc.		7,539		405,297
InterDigital, Inc.		5,544		444,850
Total Telecommunications				850,147
Transportation – 5.1%
Expeditors International of Washington, Inc.		3,618		414,731
International Seaways, Inc.		10,149		456,705
Matson, Inc.		4,749		421,331
Old Dominion Freight Line, Inc.		989		404,640
Schneider National, Inc., Class B		14,039		388,740
Total Transportation				2,086,147
Total Common Stocks
(Cost $37,984,263)				41,144,565
Total Investments – 99.8%
(Cost $37,984,263)				41,144,565
Other Assets in Excess of Liabilities – 0.2%				98,368
Net Assets – 100.0%			$	41,242,933

PLC - Public Limited Company

REITS - Real Estate Investment Trusts

(a) All or a portion of security is on loan. The aggregate market value of the securities on loan is $1,274,854; the aggregate market value of the collateral held by the fund is $1,304,874. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,304,874.

ADVISORSHARES INSIDER ADVANTAGE ETF

(formerly AdvisorShares DoubleLine Value Equity ETF)

Schedule of Investments (continued)

September 30, 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 September 30, 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
Common Stocks	$	41,144,565	$	-	$	-	$	41,144,565
Total	$	41,144,565	$	-	$	-	$	41,144,565

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Agriculture		1.0	%
Auto Parts & Equipment		2.1
Building Materials		2.0
Chemicals		2.7
Coal		2.8
Commercial Services		8.0
Computers		3.0
Cosmetics/Personal Care		1.0
Diversified Financial Services		4.7
Electric		1.2
Electrical Components & Equipment		1.0
Electronics		1.9
Gas		0.9
Healthcare - Services		1.0
Home Builders		4.0
Household Products/Wares		1.9
Insurance		3.8
Internet		1.0
Iron/Steel		2.9
Lodging		3.0
Machinery - Construction & Mining		1.0
Machinery - Diversified		0.9
Media		2.8
Metal Fabricate/Hardware		2.0
Miscellaneous Manufacturing		0.9
Oil & Gas		12.4
Oil & Gas Services		1.0
Pharmaceuticals		2.9
Pipelines		2.0
REITS		1.9
Retail		8.0
Semiconductors		4.9
Software		2.0
Telecommunications		2.1
Transportation		5.1
Total Investments		99.8
Other Assets in Excess of Liabilities		0.2
Net Assets		100.0	%