AdvisorShares Dorsey Wright Short ETF (DWSH) NPORT-P AdvisorShares Insider Advantage ETF (Sep 2024 report)

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments

September 30, 2024 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 99.3%
Aerospace/Defense – 1.0%
Lockheed Martin Corp.		827	$	483,431
Agriculture – 0.9%
Altria Group, Inc.		8,800		449,152
Apparel – 1.0%
Columbia Sportswear Co.(a)		5,792		481,836
Auto Manufacturers – 1.9%
Cummins, Inc.		1,500		485,685
General Motors Co.		9,466		424,455
Total Auto Manufacturers				910,140
Auto Parts & Equipment – 1.9%
Allison Transmission Holdings, Inc.		5,152		494,953
Gentex Corp.		15,050		446,834
Total Auto Parts & Equipment				941,787
Beverages – 1.0%
Coca-Cola Consolidated, Inc.		353		464,689
Building Materials – 4.2%
Eagle Materials, Inc.		1,840		529,276
Griffon Corp.		7,046		493,220
Lennox International, Inc.		800		483,432
Louisiana-Pacific Corp.		4,786		514,304
Total Building Materials				2,020,232
Chemicals – 2.1%
CF Industries Holdings, Inc.		5,669		486,400
Olin Corp.		10,719		514,298
Total Chemicals				1,000,698
Coal – 1.0%
Arch Resources, Inc.(a)		3,522		486,599
Commercial Services – 6.0%
Automatic Data Processing, Inc.		1,730		478,743
Cintas Corp.		2,332		480,112
MarketAxess Holdings, Inc.		1,900		486,780
Moody’s Corp.		980		465,098
PROG Holdings, Inc.		9,940		481,991
United Rentals, Inc.		650		526,324
Total Commercial Services				2,919,048
Computers – 2.0%
Accenture PLC, Class A (Ireland)		1,390		491,337
NetApp, Inc.		3,855		476,131
Total Computers				967,468
Cosmetics/Personal Care – 1.9%
Colgate-Palmolive Co.		4,446		461,539
Procter & Gamble Co. (The)		2,750		476,300
Total Cosmetics/Personal Care				937,839
Distribution/Wholesale – 1.0%
WW Grainger, Inc.		480		498,629
Diversified Financial Services – 6.9%
Affiliated Managers Group, Inc.		2,694		478,993
American Express Co.		1,801		488,431
BGC Group, Inc., Class A		48,425		444,542
Cboe Global Markets, Inc.		2,265		464,031
Janus Henderson Group PLC		12,644		481,357
Mastercard, Inc., Class A		971		479,480

Investments	Shares		Value
COMMON STOCKS (continued)
Diversified Financial Services (continued)
PJT Partners, Inc., Class A(a)		3,780	$	504,025
Total Diversified Financial Services				3,340,859
Electrical Components & Equipment – 1.1%
Acuity Brands, Inc.		1,860		512,225
Electronics – 1.9%
Avnet, Inc.		8,500		461,635
CTS Corp.		9,577		463,335
Total Electronics				924,970
Healthcare - Products – 2.0%
Danaher Corp.		1,760		489,315
Medtronic PLC		5,300		477,159
Total Healthcare - Products				966,474
Healthcare - Services – 1.9%
Cigna Group (The)		1,323		458,340
Universal Health Services, Inc., Class B		1,980		453,440
Total Healthcare - Services				911,780
Home Builders – 3.1%
KB Home		5,645		483,720
Lennar Corp., Class A		2,570		481,824
PulteGroup, Inc.		3,581		513,981
Total Home Builders				1,479,525
Household Products/Wares – 1.0%
Spectrum Brands Holdings, Inc.		5,000		475,700
Insurance – 8.9%
Aflac, Inc.		4,300		480,740
American International Group, Inc.		6,143		449,852
CNA Financial Corp.		9,000		440,460
Globe Life, Inc.		4,500		476,595
Hartford Financial Services Group, Inc. (The)		4,075		479,261
MetLife, Inc.		6,128		505,437
MGIC Investment Corp.		18,553		474,957
RenaissanceRe Holdings Ltd. (Bermuda)		1,820		495,768
Unum Group		8,500		505,240
Total Insurance				4,308,310
Internet – 5.2%
Alphabet, Inc., Class A		2,840		471,014
Booking Holdings, Inc.		120		505,454
eBay, Inc.		7,960		518,276
Gen Digital, Inc.		17,640		483,865
Meta Platforms, Inc., Class A		892		510,617
Total Internet				2,489,226
Iron/Steel – 2.0%
Nucor Corp.		3,116		468,460
Steel Dynamics, Inc.		3,915		493,603
Total Iron/Steel				962,063
Lodging – 3.5%
Hilton Worldwide Holdings, Inc.		2,136		492,348
Las Vegas Sands Corp.		11,943		601,211
Wynn Resorts Ltd.		6,150		589,662
Total Lodging				1,683,221
Machinery - Construction & Mining – 1.1%
Caterpillar, Inc.		1,335		522,145
Machinery - Diversified – 1.0%
Westinghouse Air Brake Technologies Corp.		2,772		503,866

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments (continued)

September 30, 2024 (Unaudited)

Investments	Shares		Value
COMMON STOCKS (continued)
Media – 2.0%
Fox Corp., Class A		11,500	$	486,795
New York Times Co. (The), Class A		8,524		474,531
Total Media				961,326
Miscellaneous Manufacturing – 2.0%
3M Co.		3,535		483,235
Carlisle Cos., Inc.		1,127		506,868
Total Miscellaneous Manufacturing				990,103
Oil & Gas – 7.3%
Chevron Corp.		3,179		468,171
ConocoPhillips		4,121		433,859
EOG Resources, Inc.		3,605		443,163
Marathon Petroleum Corp.		2,762		449,957
Patterson-UTI Energy, Inc.		50,387		385,461
SM Energy Co.(a)		10,032		400,979
Texas Pacific Land Corp.(a)		540		477,760
Valero Energy Corp.		3,305		446,274
Total Oil & Gas				3,505,624
Pipelines – 2.0%
Cheniere Energy, Inc.		2,550		458,592
Targa Resources Corp.		3,300		488,433
Total Pipelines				947,025
Retail – 5.8%
Bath & Body Works, Inc.		15,190		484,865
Darden Restaurants, Inc.		3,000		492,390
Dick’s Sporting Goods, Inc.		2,000		417,400
Murphy USA, Inc.		927		456,890
Ross Stores, Inc.		3,045		458,303
TJX Cos., Inc. (The)		3,964		465,929
Total Retail				2,775,777
Semiconductors – 6.7%
Amkor Technology, Inc.		14,074		430,664
Applied Materials, Inc.		2,380		480,879
KLA Corp.		574		444,511
Lam Research Corp.		569		464,350
Microchip Technology, Inc.		5,764		462,792
NVIDIA Corp.		3,851		467,665
QUALCOMM, Inc.		2,692		457,775
Total Semiconductors				3,208,636
Software – 6.0%
Bentley Systems, Inc., Class B		9,094		462,066
Electronic Arts, Inc.		3,106		445,525
Fidelity National Information Services, Inc.		5,738		480,558
Progress Software Corp.		7,998		538,825
Sapiens International Corp. NV (Israel)		12,900		480,783
SS&C Technologies Holdings, Inc.		6,400		474,944
Total Software				2,882,701
Telecommunications – 1.0%
InterDigital, Inc.		3,500		495,705
Transportation – 1.0%
Old Dominion Freight Line, Inc.		2,425		481,702
Total Common Stocks (Cost $43,160,009)				47,890,511

Investments	Shares		Value
MONEY MARKET FUNDS – 1.1%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 4.89%(b)		183,339	$	183,339
Dreyfus Institutional Preferred Government Money Market Fund, Institutional Class, 4.88%(b)(c)		363,350		363,350
Total Money Market Funds (Cost $546,689)				546,689
Total Investments – 100.4% (Cost $43,706,698)				48,437,200
Liabilities in Excess of Other Assets – (0.4%)				(219,287	)
Net Assets – 100.0%			$	48,217,913

PLC - Public Limited Company

(a)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $2,303,840; the aggregate market value of the collateral held by the fund is $2,355,537. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,992,187.
(b)	Rate shown reflects the 7-day yield as of September 30, 2024.
(c)	Collateral received from brokers for securities lending was invested in these short-term investments.

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments (continued)

September 30, 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 September 30, 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	$	47,890,511	$	–	$	–	$	47,890,511
Money Market Funds		546,689		–		–		546,689
Total	$	48,437,200	$	–	$	–	$	48,437,200

SUMMARY OF SCHEDULE OF INVESTMENTS
	% of Net Assets
Aerospace/Defense		1.0	%
Agriculture		0.9
Apparel		1.0
Auto Manufacturers		1.9
Auto Parts & Equipment		1.9
Beverages		1.0
Building Materials		4.2
Chemicals		2.1
Coal		1.0
Commercial Services		6.0
Computers		2.0
Cosmetics/Personal Care		1.9
Distribution/Wholesale		1.0
Diversified Financial Services		6.9
Electrical Components & Equipment		1.1
Electronics		1.9
Healthcare - Products		2.0
Healthcare - Services		1.9
Home Builders		3.1
Household Products/Wares		1.0
Insurance		8.9
Internet		5.2
Iron/Steel		2.0
Lodging		3.5
Machinery - Construction & Mining		1.1
Machinery - Diversified		1.0
Media		2.0
Miscellaneous Manufacturing		2.0
Oil & Gas		7.3
Pipelines		2.0
Retail		5.8
Semiconductors		6.7
Software		6.0
Telecommunications		1.0
Transportation		1.0
Money Market Funds		1.1

SUMMARY OF SCHEDULE OF INVESTMENTS (continued)
	% of Net Assets
Total Investments		100.4	%
Liabilities in Excess of Other Assets		(0.4	)
Net Assets		100.0	%