ADVISORSHARES GERBER KAWASAKI ETF
Schedule of Investments
March 31, 2024 (Unaudited)
| Investments | Shares | Value | ||||||
| COMMON STOCKS – 94.6% | ||||||||
| Auto Manufacturers – 2.5% | ||||||||
| Tesla, Inc.(a) | 3,000 | $ | 527,370 | |||||
| Biotechnology – 1.0% | ||||||||
| Regeneron Pharmaceuticals, Inc.(a) | 218 | 209,823 | ||||||
| Building Materials – 3.7% | ||||||||
| Trane Technologies PLC | 2,638 | 791,928 | ||||||
| Computers – 5.1% | ||||||||
| Apple, Inc. | 5,827 | 999,214 | ||||||
| Super Micro Computer, Inc.(a) | 80 | 80,802 | ||||||
| Total Computers | 1,080,016 | |||||||
| Diversified Financial Services – 4.6% | ||||||||
| LPL Financial Holdings, Inc. | 3,733 | 986,259 | ||||||
| Home Builders – 6.1% | ||||||||
| Lennar Corp., Class A | 7,586 | 1,304,640 | ||||||
| Internet – 11.6% | ||||||||
| Alphabet, Inc., Class C(a) | 8,047 | 1,225,236 | ||||||
| Netflix, Inc.(a) | 1,528 | 928,000 | ||||||
| Uber Technologies, Inc.(a) | 4,011 | 308,807 | ||||||
| Total Internet | 2,462,043 | |||||||
| Iron/Steel – 1.2% | ||||||||
| Steel Dynamics, Inc. | 1,779 | 263,701 | ||||||
| Lodging – 10.2% | ||||||||
| Las Vegas Sands Corp. | 7,120 | 368,104 | ||||||
| MGM Resorts International(a) | 38,132 | 1,800,212 | ||||||
| Total Lodging | 2,168,316 | |||||||
| Media – 5.6% | ||||||||
| Walt Disney Co. (The) | 9,739 | 1,191,664 | ||||||
| Pharmaceuticals – 8.0% | ||||||||
| Novo Nordisk A/S (Denmark)(b) | 10,366 | 1,330,994 | ||||||
| Zoetis, Inc. | 2,250 | 380,723 | ||||||
| Total Pharmaceuticals | 1,711,717 | |||||||
| REITS – 3.7% | ||||||||
| VICI Properties, Inc. | 26,349 | 784,937 | ||||||
| Retail – 3.3% | ||||||||
| Home Depot, Inc. (The) | 557 | 213,665 | ||||||
| Lululemon Athletica, Inc.(a) | 1,253 | 489,485 | ||||||
| Total Retail | 703,150 | |||||||
| Semiconductors – 16.2% | ||||||||
| Advanced Micro Devices, Inc.(a) | 2,606 | 470,357 | ||||||
| ASML Holding NV (Netherlands) | 662 | 642,451 | ||||||
| NVIDIA Corp. | 2,366 | 2,137,823 | ||||||
| ON Semiconductor Corp.(a) | 2,800 | 205,940 | ||||||
| Total Semiconductors | 3,456,571 | |||||||
| Software – 9.7% | ||||||||
| Microsoft Corp. | 3,847 | 1,618,510 | ||||||
| Oracle Corp. | 3,601 | 452,321 | ||||||
| Total Software | 2,070,831 | |||||||
| Venture Capital – 2.1% | ||||||||
| Blackstone, Inc. | 3,419 | 449,154 | ||||||
| Total Common Stocks (Cost $15,559,367) | 20,162,120 | |||||||
| EXCHANGE TRADED FUNDS – 4.8% | ||||||||
| Equity Fund – 4.8% | ||||||||
| AdvisorShares Pure US Cannabis ETF†(a) | 57,051 | 571,080 | ||||||
| iShares Bitcoin Trust(a) | 11,300 | 457,311 | ||||||
| Total Exchange Traded Funds (Cost $839,702) | 1,028,391 | |||||||
| MONEY MARKET FUND – 0.7% | ||||||||
| BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.21%(c) (Cost $142,085) | 142,085 | 142,085 | ||||||
| Total Investments – 100.1% (Cost $16,541,154) | 21,332,596 | |||||||
| Liabilities in Excess of Other Assets – (0.1%) | (17,536 | ) | ||||||
| Net Assets – 100.0% | $ | 21,315,060 | ||||||
PLC - Public Limited Company
REITS - Real Estate Investment Trusts
| † | Affiliated Company. |
| (a) | Non-income producing security. |
| (b) | American Depositary Receipt. |
| (c) | Rate shown reflects the 7-day yield as of March 31, 2024. |
ADVISORSHARES GERBER KAWASAKI ETF
Schedule of Investments (continued)
March 31, 2024 (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, 2024, 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 | $ | 20,162,120 | $ | - | $ | - | $ | 20,162,120 | ||||||||
| Exchange Traded Funds | 1,028,391 | - | - | 1,028,391 | ||||||||||||
| Money Market Fund | 142,085 | - | - | 142,085 | ||||||||||||
| Total | $ | 21,332,596 | $ | - | $ | - | $ | 21,332,596 | ||||||||
SUMMARY OF SCHEDULE OF INVESTMENTS
| % of | ||||
| Net Assets | ||||
| Auto Manufacturers | 2.5 | % | ||
| Biotechnology | 1.0 | |||
| Building Materials | 3.7 | |||
| Computers | 5.1 | |||
| Diversified Financial Services | 4.6 | |||
| Equity Fund | 4.8 | |||
| Home Builders | 6.1 | |||
| Internet | 11.6 | |||
| Iron/Steel | 1.2 | |||
| Lodging | 10.2 | |||
| Media | 5.6 | |||
| Pharmaceuticals | 8.0 | |||
| REITS | 3.7 | |||
| Retail | 3.3 | |||
| Semiconductors | 16.2 | |||
| Software | 9.7 | |||
| Venture Capital | 2.1 | |||
| Money Market Fund | 0.7 | |||
| Total Investments | 100.1 | |||
| Liabilities in Excess of Other Assets | (0.1 | ) | ||
| Net Assets | 100.0 | % | ||
Affiliated holdings are investments or an affiliate of the Trust. Transactions with affiliated companies during the period ended March 31, 2024 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 3/31/2024 | Value at 3/31/2024 | Dividend Income | ||||||||||||||||||||||||
| AdvisorShares Pure US Cannabis ETF | $ | - | $ | 475,171 | $ | (13,191 | ) | $ | 5,770 | $ | 103,330 | 57,051 | $ | 571,080 | $ | - | ||||||||||||||||