AdvisorShares Dorsey Wright FSM All Cap World ETF (DWAW) NPORT-P AdvisorShares Gerber Kawasaki ETF (Sep 2024 report)

ADVISORSHARES GERBER KAWASAKI ETF
Schedule of Investments

September 30, 2024 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 96.9%
Aerospace/Defense – 0.6%
General Dynamics Corp.		450	$	135,990
Apparel – 1.0%
On Holding AG, Class A (Switzerland)(a)		4,500		225,675
Auto Manufacturers – 1.8%
Ferrari NV (Italy)		525		246,808
Tesla, Inc.(a)		600		156,978
Total Auto Manufacturers				403,786
Biotechnology – 2.6%
Regeneron Pharmaceuticals, Inc.(a)		564		592,899
Building Materials – 5.5%
Trane Technologies PLC		3,167		1,231,108
Computers – 9.2%
Apple, Inc.		6,500		1,514,500
Dell Technologies, Inc., Class C		4,582		543,150
Total Computers				2,057,650
Diversified Financial Services – 2.9%
LPL Financial Holdings, Inc.		2,800		651,364
Healthcare - Products – 1.1%
Stryker Corp.		700		252,882
Home Builders – 6.4%
Lennar Corp., Class A		7,688		1,441,346
Internet – 14.4%
Alphabet, Inc., Class C		6,100		1,019,859
Amazon.com, Inc.(a)		4,290		799,356
Netflix, Inc.(a)		1,520		1,078,090
Uber Technologies, Inc.(a)		4,500		338,220
Total Internet				3,235,525
Lodging – 6.1%
MGM Resorts International(a)		35,000		1,368,150
Media – 4.3%
Walt Disney Co. (The)		10,072		968,826
Pharmaceuticals – 6.0%
Novo Nordisk A/S (Denmark)(b)		10,570		1,258,570
Zoetis, Inc.		500		97,690
Total Pharmaceuticals				1,356,260
REITS – 2.5%
VICI Properties, Inc.		16,606		553,146
Retail – 2.8%
Home Depot, Inc. (The)		1,544		625,629
Semiconductors – 14.7%
Advanced Micro Devices, Inc.(a)		2,108		345,881
ASML Holding NV (Netherlands)		678		564,943
Broadcom, Inc.		4,000		690,000
NVIDIA Corp.		14,000		1,700,160
Total Semiconductors				3,300,984
Software – 11.0%
Microsoft Corp.		4,023		1,731,097
Oracle Corp.		4,285		730,164
Total Software				2,461,261
Venture Capital – 4.0%
Blackstone, Inc.		5,819		891,063
Total Common Stocks (Cost $16,404,128)				21,753,544

Investments	Shares		Value
EXCHANGE TRADED FUNDS – 2.8%
Equity Fund – 2.8%
AdvisorShares Pure US Cannabis ETF†(a)		41,187	$	295,311
iShares Bitcoin Trust ETF(a)		9,000		325,170
Total Exchange Traded Funds (Cost $590,745)				620,481
MONEY MARKET FUND – 0.6%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 4.89%(c) (Cost $132,864)		132,864		132,864
Total Investments – 100.3% (Cost $17,127,737)				22,506,889
Liabilities in Excess of Other Assets – (0.3%)				(67,406	)
Net Assets – 100.0%			$	22,439,483

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 September 30, 2024.

ADVISORSHARES GERBER KAWASAKI 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	$	21,753,544	$	–	$	–	$	21,753,544
Exchange Traded Funds		620,481		–		–		620,481
Money Market Fund		132,864		–		–		132,864
Total	$	22,506,889	$	–	$	–	$	22,506,889

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Aerospace/Defense		0.6	%
Apparel		1.0
Auto Manufacturers		1.8
Biotechnology		2.6
Building Materials		5.5
Computers		9.2
Diversified Financial Services		2.9
Equity Fund		2.8
Healthcare - Products		1.1
Home Builders		6.4
Internet		14.4
Lodging		6.1
Media		4.3
Pharmaceuticals		6.0
REITS		2.5
Retail		2.8
Semiconductors		14.7
Software		11.0
Venture Capital		4.0
Money Market Fund		0.6
Total Investments		100.3
Liabilities in Excess of Other Assets		(0.3	)
Net Assets		100.0	%

ADVISORSHARES GERBER KAWASAKI ETF
Schedule of Investments (continued)

September 30, 2024 (Unaudited)

Affiliated holdings are investments or an affiliate of the Trust. Transactions with affiliated companies during the period ended September 30, 2024 were as follows:

Affiliated Holding Name	Value at 6/30/2024		Purchases/ Additions		Sales/ Reductions			Realized Gain (Loss)			Change in Unrealized Gain (Loss)		Number of Shares at 9/30/2024		Value at 9/30/2024		Dividend Income
AdvisorShares Pure US Cannabis ETF	$	448,500	$	–	$	(123,022	)	$	(63,162	)	$	32,995		41,187	$	295,311	$	–