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

ADVISORSHARES VICE ETF

Schedule of Investments

March 31, 2024 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 97.0%
Agriculture – 14.7%
British American Tobacco PLC (United Kingdom)(a)		9,918	$	302,499
Turning Point Brands, Inc.		15,381		450,663
Vector Group Ltd.		32,882		360,387
Total Agriculture				1,113,549
Auto Manufacturers – 4.6%
Ferrari NV (Italy)		800		348,752
Beverages – 11.1%
Duckhorn Portfolio, Inc. (The)(b)		19,256		179,273
MGP Ingredients, Inc.		3,607		310,671
Molson Coors Beverage Co., Class B		5,302		356,560
Total Beverages				846,504
Electronics – 4.4%
Turtle Beach Corp.(b)		19,233		331,577
Entertainment – 12.8%
Accel Entertainment, Inc.(b)		27,606		325,475
Everi Holdings, Inc.(b)		15,229		153,051
International Game Technology PLC		8,120		183,431
Light & Wonder, Inc.(b)		3,033		309,639
Total Entertainment				971,596
Household Products/Wares – 3.9%
Church & Dwight Co., Inc.		2,864		298,744
Lodging – 9.5%
Boyd Gaming Corp.		5,112		344,140
MGM Resorts International(b)		8,006		377,963
Total Lodging				722,103
REITS – 6.6%
Gaming and Leisure Properties, Inc.		6,169		284,206
VICI Properties, Inc.		7,198		214,428
Total REITS				498,634
Retail – 16.5%
Chuy’s Holdings, Inc.(b)		8,248		278,205
Dave & Buster’s Entertainment, Inc.(b)		4,756		297,726
El Pollo Loco Holdings, Inc.(b)		33,124		322,628
Wingstop, Inc.		961		352,110
Total Retail				1,250,669
Semiconductors – 5.7%
NVIDIA Corp.		477		430,998
Software – 7.2%
Electronic Arts, Inc.		2,022		268,259
NetEase, Inc. (China)(a)		2,674		276,679
Total Software				544,938
Total Common Stocks (Cost $6,355,806)				7,358,064
MONEY MARKET FUND – 3.5%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 5.21%(c) (Cost $264,080)		264,080		264,080
Total Investments – 100.5% (Cost $6,619,886)				7,622,144
Liabilities in Excess of Other Assets – (0.5%)				(34,213	)
Net Assets – 100.0%			$	7,587,931

PLC - Public Limited Company

REITS - Real Estate Investment Trusts

(a)	American Depositary Receipt.
(b)	Non-income producing security.
(c)	Rate shown reflects the 7-day yield as of March 31, 2024.

ADVISORSHARES VICE 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	$	7,358,064	$	-	$	-	$	7,358,064
Money Market Fund		264,080		-		-		264,080
Total	$	7,622,144	$	-	$	-	$	7,622,144

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of Net Assets
Agriculture		14.7	%
Auto Manufacturers		4.6
Beverages		11.1
Electronics		4.4
Entertainment		12.8
Household Products/Wares		3.9
Lodging		9.5
REITS		6.6
Retail		16.5
Semiconductors		5.7
Software		7.2
Money Market Fund		3.5
Total Investments		100.5
Liabilities in Excess of Other Assets		(0.5	)
Net Assets		100.0	%