ADVISORSHARES GERBER KAWASAKI ETF
Schedule of Investments
September 30, 2023 (Unaudited)
Investments | Shares | Value | ||||||
COMMON STOCKS – 98.7% | ||||||||
Apparel – 2.4% | ||||||||
LVMH Moet Hennessy Louis Vuitton SE (France)(a) | 2,084 | $ | 314,913 | |||||
NIKE, Inc., Class B | 304 | 29,069 | ||||||
On Holding AG, Class A (Switzerland)* | 2,010 | 55,918 | ||||||
Total Apparel | 399,900 | |||||||
Auto Manufacturers – 8.4% | ||||||||
Polestar Automotive Holding UK PLC, Class A (Hong Kong)*(a)(b) | 21,035 | 55,533 | ||||||
Tesla, Inc.* | 5,319 | 1,330,920 | ||||||
Total Auto Manufacturers | 1,386,453 | |||||||
Auto Parts & Equipment – 0.5% | ||||||||
Luminar Technologies, Inc.*(b) | 18,202 | 82,819 | ||||||
Building Materials – 2.7% | ||||||||
Trane Technologies PLC | 2,189 | 444,170 | ||||||
Computers – 5.7% | ||||||||
Apple, Inc.* | 5,469 | 936,347 | ||||||
Diversified Financial Services – 4.6% | ||||||||
LPL Financial Holdings, Inc. | 3,216 | 764,282 | ||||||
Energy - Alternate Sources – 1.1% | ||||||||
Enphase Energy, Inc.* | 860 | 103,329 | ||||||
SolarEdge Technologies, Inc.* | 603 | 78,095 | ||||||
Total Energy - Alternate Sources | 181,424 | |||||||
Entertainment – 2.3% | ||||||||
Cinemark Holdings, Inc.* | 20,918 | 383,845 | ||||||
Home Builders – 3.8% | ||||||||
Lennar Corp., Class A | 5,578 | 626,019 | ||||||
Internet – 8.7% | ||||||||
Alphabet, Inc., Class C* | 6,652 | 877,066 | ||||||
Netflix, Inc.* | 1,466 | 553,562 | ||||||
Total Internet | 1,430,628 | |||||||
Iron/Steel – 1.3% | ||||||||
Steel Dynamics, Inc. | 1,920 | 205,862 | ||||||
Lodging – 10.8% | ||||||||
Las Vegas Sands Corp. | 12,959 | 594,040 | ||||||
MGM Resorts International | 32,363 | 1,189,664 | ||||||
Total Lodging | 1,783,704 | |||||||
Machinery - Diversified – 3.9% | ||||||||
Deere & Co. | 1,721 | 649,471 | ||||||
Media – 4.1% | ||||||||
Walt Disney Co. (The)* | 8,260 | 669,473 | ||||||
Mining – 0.1% | ||||||||
MP Materials Corp.* | 1,010 | 19,291 | ||||||
Pharmaceuticals – 7.1% | ||||||||
Novo Nordisk A/S (Denmark)(a) | 7,924 | 720,609 | ||||||
Zoetis, Inc. | 2,546 | 442,953 | ||||||
Total Pharmaceuticals | 1,163,562 | |||||||
REITS – 3.9% | ||||||||
VICI Properties, Inc. | 21,865 | 636,272 | ||||||
Retail – 2.7% | ||||||||
Home Depot, Inc. (The) | 674 | 203,656 | ||||||
Lululemon Athletica, Inc.* | 615 | 237,150 | ||||||
Total Retail | 440,806 | |||||||
Semiconductors – 15.1% | ||||||||
Advanced Micro Devices, Inc.* | 1,466 | 150,734 | ||||||
ASML Holding NV (Netherlands) | 700 | 412,062 | ||||||
NVIDIA Corp. | 2,752 | 1,197,093 | ||||||
ON Semiconductor Corp.* | 7,832 | 727,984 | ||||||
Total Semiconductors | 2,487,873 | |||||||
Software – 8.5% | ||||||||
Microsoft Corp. | 3,504 | 1,106,388 | ||||||
Oracle Corp. | 2,750 | 291,280 | ||||||
Total Software | 1,397,668 | |||||||
Venture Capital – 1.0% | ||||||||
Blackstone, Inc. | 1,511 | 161,889 | ||||||
Total Common Stocks | ||||||||
(Cost $16,458,467) | 16,251,758 | |||||||
EXCHANGE TRADED FUND – 0.7% | ||||||||
Equity Fund – 0.7% | ||||||||
AdvisorShares Pure US Cannabis ETF*† | ||||||||
(Cost $130,120) | 15,100 | 119,894 | ||||||
MONEY MARKET FUNDS – 1.3% | ||||||||
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.23%(c) | 98,562 | 98,562 | ||||||
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Class, 5.30%(c)(d) | 109,094 | 109,094 | ||||||
Total Money Market Funds | ||||||||
(Cost $207,656) | 207,656 | |||||||
Total Investments – 100.7% | ||||||||
(Cost $16,796,243) | 16,579,308 | |||||||
Liabilities in Excess of Other Assets – (0.7%) | (123,564 | ) | ||||||
Net Assets – 100.0% | $ | 16,455,744 |
ETF - Exchange Traded Fund
PLC - Public Limited Company
REITS - Real Estate Investment Trusts
* | Non-income producing security. |
† | Affiliated Company. |
(a) | American Depositary Receipt. |
(b) | All or a portion of security is on loan. The aggregate market value of the securities on loan is $136,608; the aggregate market value of the collateral held by the fund is $136,853. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $27,759. |
(c) | Rate shown reflects the 7-day yield as of September 30, 2023. |
(d) | Collateral received from brokers for securities lending was invested in these short-term investments. |
ADVISORSHARES GERBER KAWASAKI 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 | $ | 16,251,758 | $ | - | $ | - | $ | 16,251,758 | ||||||||
Exchange Traded Fund | 119,894 | - | - | 119,894 | ||||||||||||
Money Market Funds | 207,656 | - | - | 207,656 | ||||||||||||
Total | $ | 16,579,308 | $ | - | $ | - | $ | 16,579,308 |
SUMMARY OF SCHEDULE OF INVESTMENTS
% of | ||||
Net Assets | ||||
Apparel | 2.4 | % | ||
Auto Manufacturers | 8.4 | |||
Auto Parts & Equipment | 0.5 | |||
Building Materials | 2.7 | |||
Computers | 5.7 | |||
Diversified Financial Services | 4.6 | |||
Energy - Alternate Sources | 1.1 | |||
Entertainment | 2.3 | |||
Equity Fund | 0.7 | |||
Home Builders | 3.8 | |||
Internet | 8.7 | |||
Iron/Steel | 1.3 | |||
Lodging | 10.8 | |||
Machinery - Diversified | 3.9 | |||
Media | 4.1 | |||
Mining | 0.1 | |||
Pharmaceuticals | 7.1 | |||
REITS | 3.9 | |||
Retail | 2.7 | |||
Semiconductors | 15.1 | |||
Software | 8.5 | |||
Venture Capital | 1.0 | |||
Money Market Funds | 1.3 | |||
Total Investments | 100.7 | |||
Liabilities in Excess of Other Assets | (0.7 | ) | ||
Net Assets | 100.0 | % |
ADVISORSHARES GERBER KAWASAKI ETF
Schedule of Investments (continued)
September 30, 2023 (Unaudited)
Affiliated holdings are funds which are managed by the Trust or an affiliate of the Trust. Transactions with affiliated companies during the period ended September 30, 2023 were as follows:
Affiliated Holding Name | Value at 6/30/2023 | Purchases/ Additions | Sales/ Reductions | Realized Gain (Loss) | Change in Unrealized Gain (Loss) | Number of Shares at 9/30/2023 | Value at 9/30/2023 | Dividend Income | ||||||||||||||||||||||||
AdvisorShares Pure US Cannabis ETF | $ | - | $ | 130,120 | $ | - | $ | - | $ | (10,226 | ) | 15,100 | $ | 119,894 | $ | - |