AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) NPORT-P AdvisorShares Insider Advantage ETF (Mar 2024 report)

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments

March 31, 2024 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 99.5%
Aerospace/Defense – 1.8%
Lockheed Martin Corp.		939	$	427,123
RTX Corp.		5,000		487,650
Total Aerospace/Defense				914,773
Agriculture – 0.8%
Altria Group, Inc.		9,382		409,243
Auto Manufacturers – 1.0%
Wabash National Corp.		17,600		526,944
Biotechnology – 1.0%
Royalty Pharma PLC, Class A		15,717		477,325
Building Materials – 8.3%
Armstrong World Industries, Inc.		4,400		546,568
Eagle Materials, Inc.		2,200		597,850
Fortune Brands Innovations, Inc.		5,700		482,619
Griffon Corp.		7,762		569,265
Lennox International, Inc.		1,020		498,535
Masco Corp.		6,200		489,056
Owens Corning		2,900		483,720
UFP Industries, Inc.		4,053		498,560
Total Building Materials				4,166,173
Chemicals – 5.7%
Ashland, Inc.		5,000		486,850
Cabot Corp.		5,864		540,661
DuPont de Nemours, Inc.		6,900		529,023
Olin Corp.		7,134		419,479
Orion SA (Germany)		15,288		359,574
Sherwin-Williams Co. (The)		1,532		532,109
Total Chemicals				2,867,696
Coal – 0.9%
Alpha Metallurgical Resources, Inc.		1,342		444,430
Commercial Services – 3.8%
Insperity, Inc.		4,900		537,089
Kforce, Inc.		6,900		486,588
Monro, Inc.		13,600		428,944
Moody’s Corp.		1,186		466,134
Total Commercial Services				1,918,755
Computers – 1.7%
Amdocs Ltd.		5,140		464,502
Apple, Inc.		2,314		396,804
Total Computers				861,306
Cosmetics/Personal Care – 1.9%
Colgate-Palmolive Co.		5,476		493,114
Procter & Gamble Co. (The)		2,900		470,525
Total Cosmetics/Personal Care				963,639
Distribution/Wholesale – 1.0%
Pool Corp.		1,200		484,200
Diversified Financial Services – 9.9%
Affiliated Managers Group, Inc.		3,000		502,410
American Express Co.		2,570		585,163
LPL Financial Holdings, Inc.		1,900		501,980
Mastercard, Inc., Class A		956		460,381
SEI Investments Co.		6,592		473,965
Synchrony Financial		11,900		513,128
TPG, Inc.		10,400		464,880
Virtus Investment Partners, Inc.		2,000		495,960
Visa, Inc., Class A(a)		1,625		453,505
Western Union Co. (The)		37,800		528,444
Total Diversified Financial Services				4,979,816
Electric – 2.9%
NRG Energy, Inc.		8,700		588,903
Vistra Corp.		12,619		878,913
Total Electric				1,467,816
Electrical Components & Equipment – 2.1%
Encore Wire Corp.		2,314		608,073
EnerSys		5,000		472,300
Total Electrical Components & Equipment				1,080,373
Entertainment – 1.0%
Monarch Casino & Resort, Inc.		6,500		487,435
Environmental Control – 1.0%
Republic Services, Inc.		2,669		510,953
Food – 0.9%
Sysco Corp.		5,700		462,726
Healthcare - Services – 2.8%
HCA Healthcare, Inc.		1,680		560,331
Humana, Inc.		920		318,982
Select Medical Holdings Corp.		17,600		530,640
Total Healthcare - Services				1,409,953
Home Builders – 3.3%
D.R. Horton, Inc.		2,966		488,055
Installed Building Products, Inc.		2,200		569,206
PulteGroup, Inc.		4,879		588,505
Total Home Builders				1,645,766
Home Furnishings – 1.8%
MillerKnoll, Inc.		16,900		418,444
Tempur Sealy International, Inc.		8,800		500,016
Total Home Furnishings				918,460
Insurance – 3.2%
Hartford Financial Services Group, Inc. (The)		5,100		525,555
MGIC Investment Corp.		25,878		578,632
Primerica, Inc.		2,004		506,932
Total Insurance				1,611,119
Internet – 2.1%
eBay, Inc.		10,900		575,302
Meta Platforms, Inc., Class A		1,000		485,580
Total Internet				1,060,882
Iron/Steel – 3.1%
Nucor Corp.		2,711		536,507
Reliance, Inc.		1,500		501,270
Steel Dynamics, Inc.		3,450		511,393
Total Iron/Steel				1,549,170
Lodging – 4.1%
Boyd Gaming Corp.		7,200		484,704
Choice Hotels International, Inc.		3,750		473,812
Hilton Worldwide Holdings, Inc.		2,736		583,616
Marriott International, Inc., Class A		2,044		515,722
Total Lodging				2,057,854
Machinery - Diversified – 0.9%
Zurn Elkay Water Solutions Corp.		13,800		461,886
Media – 0.8%
Comcast Corp., Class A		9,460		410,091

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments (continued)

March 31, 2024 (Unaudited)

Investments	Shares		Value
COMMON STOCKS (continued)
Miscellaneous Manufacturing – 1.2%
Carlisle Cos., Inc.		1,562	$	612,070
Office/Business Equipment – 0.9%
Xerox Holdings Corp.		25,500		456,450
Oil & Gas – 9.5%
Magnolia Oil & Gas Corp., Class A(a)		22,400		581,280
Marathon Oil Corp.		20,200		572,468
Marathon Petroleum Corp.		2,742		552,513
Murphy Oil Corp.		12,100		552,970
Occidental Petroleum Corp.		7,018		456,100
PBF Energy, Inc., Class A		8,975		516,691
Phillips 66		3,100		506,354
SM Energy Co.		9,772		487,134
Valero Energy Corp.		3,143		536,478
Total Oil & Gas				4,761,988
Oil & Gas Services – 1.0%
Liberty Energy, Inc.		23,900		495,208
Pharmaceuticals – 3.9%
Bristol-Myers Squibb Co.		8,699		471,747
Cencora, Inc.		2,000		485,980
Cigna Group (The)		1,483		538,611
Merck & Co., Inc.		3,600		475,020
Total Pharmaceuticals				1,971,358
Pipelines – 0.8%
Cheniere Energy, Inc.		2,455		395,942
REITS – 1.0%
Host Hotels & Resorts, Inc.		23,700		490,116
Retail – 2.7%
McDonald's Corp.		1,483		418,132
Murphy USA, Inc.		1,292		541,607
Starbucks Corp.		4,152		379,451
Total Retail				1,339,190
Semiconductors – 4.3%
KLA Corp.		862		602,167
Lam Research Corp.		629		611,118
Microchip Technology, Inc.		5,200		466,492
Teradyne, Inc.		4,100		462,603
Total Semiconductors				2,142,380
Software – 1.7%
Electronic Arts, Inc.		3,064		406,501
Microsoft Corp.		1,100		462,792
Total Software				869,293
Telecommunications – 2.8%
InterDigital, Inc.		4,000		425,840
Motorola Solutions, Inc.		1,400		496,972
T-Mobile US, Inc.		2,867		467,952
Total Telecommunications				1,390,764
Transportation – 1.9%
Expeditors International of Washington, Inc.		3,576		434,734
Matson, Inc.		4,694		527,606
Total Transportation				962,340
Total Common Stocks (Cost $41,392,269)				50,035,883
MONEY MARKET FUNDS – 1.3%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.21%(b)		53,965		53,965
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Class, 5.27%(b)(c)		576,240		576,240
Total Money Market Funds (Cost $630,205)				630,205
Total Investments – 100.8% (Cost $42,022,474)				50,666,088
Liabilities in Excess of Other Assets – (0.8%)				(391,892	)
Net Assets – 100.0%			$	50,274,196

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 $1,013,950; the aggregate market value of the collateral held by the fund is $1,029,047. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $452,807.
(b)	Rate shown reflects the 7-day yield as of March 31, 2024.
(c)	Collateral received from brokers for securities lending was invested in these short-term investments.

ADVISORSHARES INSIDER ADVANTAGE 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	$	50,035,883	$	-	$	-	$	50,035,883
Money Market Funds		630,205		-		-		630,205
Total	$	50,666,088	$	-	$	-	$	50,666,088

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of Net Assets
Aerospace/Defense		1.8	%
Agriculture		0.8
Auto Manufacturers		1.0
Biotechnology		1.0
Building Materials		8.3
Chemicals		5.7
Coal		0.9
Commercial Services		3.8
Computers		1.7
Cosmetics/Personal Care		1.9
Distribution/Wholesale		1.0
Diversified Financial Services		9.9
Electric		2.9
Electrical Components & Equipment		2.1
Entertainment		1.0
Environmental Control		1.0
Food		0.9
Healthcare - Services		2.8
Home Builders		3.3
Home Furnishings		1.8
Insurance		3.2
Internet		2.1
Iron/Steel		3.1
Lodging		4.1
Machinery - Diversified		0.9
Media		0.8
Miscellaneous Manufacturing		1.2
Office/Business Equipment		0.9
Oil & Gas		9.5
Oil & Gas Services		1.0
Pharmaceuticals		3.9
Pipelines		0.8
REITS		1.0
Retail		2.7
Semiconductors		4.3
Software		1.7
Telecommunications		2.8
Transportation		1.9
Money Market Funds		1.3
Total Investments		100.8
Liabilities in Excess of Other Assets		(0.8	)
Net Assets		100.0	%