ADVISORSHARES INSIDER ADVANTAGE ETF

(formerly AdvisorShares DoubleLine Value Equity ETF)

Schedule of Investments

March 31, 2023 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 99.5%
Aerospace/Defense – 1.0%
Lockheed Martin Corp.		841	$	397,566
Apparel – 1.1%
Steven Madden Ltd.		12,519		450,684
Auto Parts & Equipment – 1.0%
Allison Transmission Holdings, Inc.		9,432		426,704
Banks – 1.0%
State Street Corp.		5,242		396,767
Building Materials – 4.1%
Eagle Materials, Inc.		3,145		461,529
Griffon Corp.		12,760		408,448
Louisiana-Pacific Corp.		6,578		356,593
Owens Corning		4,708		451,026
Total Building Materials				1,677,596
Chemicals – 5.6%
AdvanSix, Inc.		10,405		398,199
CF Industries Holdings, Inc.		4,890		354,476
Chemours Co. (The)		13,157		393,921
Huntsman Corp.		14,441		395,106
Mosaic Co. (The)		7,157		328,363
Olin Corp.		7,715		428,183
Total Chemicals				2,298,248
Coal – 1.8%
Alpha Metallurgical Resources, Inc.		2,524		393,744
Arch Resources, Inc.		2,687		353,233
Total Coal				746,977
Commercial Services – 6.8%
CRA International, Inc.		3,561		383,947
Kforce, Inc.		6,825		431,613
Medifast, Inc.(a)		3,205		332,262
Robert Half International, Inc.		5,519		444,666
Textainer Group Holdings Ltd. (China)		12,920		414,861
Triton International Ltd. (Bermuda)		5,840		369,205
Upbound Group, Inc.		16,953		415,518
Total Commercial Services				2,792,072
Computers – 2.2%
Apple, Inc.		2,967		489,259
NetApp, Inc.		6,512		415,791
Total Computers				905,050
Distribution/Wholesale – 1.0%
Veritiv Corp.		3,035		410,150
Diversified Financial Services – 3.8%
Affiliated Managers Group, Inc.		2,735		389,519
Evercore, Inc., Class A		3,759		433,713
PJT Partners, Inc., Class A		5,440		392,713
Synchrony Financial		12,058		350,647
Total Diversified Financial Services				1,566,592
Electrical Components & Equipment – 2.0%
Emerson Electric Co.		4,120		359,017
Encore Wire Corp.		2,449		453,873
Total Electrical Components & Equipment				812,890
Electronics – 1.1%
CTS Corp.		8,902		440,293
Engineering & Construction – 1.0%
AECOM		4,748		400,351
Food – 4.2%
Cal-Maine Foods, Inc.		7,748		471,776
Flowers Foods, Inc.		14,936		409,396
John B Sanfilippo & Son, Inc.		4,352		421,796
Tootsie Roll Industries, Inc.		9,298		417,573
Total Food				1,720,541
Forest Products & Paper – 0.9%
Sylvamo Corp.		8,407		388,908
Healthcare - Products – 1.0%
Embecta Corp.		14,342		403,297
Healthcare - Services – 3.0%
HCA Healthcare, Inc.		1,780		469,351
Humana, Inc.		841		408,272
Quest Diagnostics, Inc.		2,605		368,555
Total Healthcare - Services				1,246,178
Home Builders – 4.3%
D.R. Horton, Inc.		4,352		425,147
KB Home		11,276		453,070
Lennar Corp., Class A		4,055		426,221
Toll Brothers, Inc.		7,319		439,359
Total Home Builders				1,743,797
Home Furnishings – 1.1%
Dolby Laboratories, Inc., Class A		5,314		453,922
Insurance – 1.9%
MGIC Investment Corp.		27,383		367,480
Old Republic International Corp.		16,419		409,982
Total Insurance				777,462
Iron/Steel – 4.2%
Nucor Corp.		2,869		443,174
Reliance Steel & Aluminum Co.		1,715		440,309
Steel Dynamics, Inc.		3,650		412,669
United States Steel Corp.		15,528		405,281
Total Iron/Steel				1,701,433
Lodging – 3.0%
Boyd Gaming Corp.		7,157		458,907
Choice Hotels International, Inc.		3,024		354,382
Marriott International, Inc., Class A		2,473		410,617
Total Lodging				1,223,906
Media – 0.9%
Nexstar Media Group, Inc.		2,026		349,809
Miscellaneous Manufacturing – 2.0%
Carlisle Cos., Inc.		1,682		380,250
Textron, Inc.		5,935		419,189
Total Miscellaneous Manufacturing				799,439
Oil & Gas – 17.1%
APA Corp.		10,595		382,056
California Resources Corp.		9,820		378,070
Chevron Corp.		2,414		393,868
ConocoPhillips		3,381		335,429
Coterra Energy, Inc.		14,950		366,873
Delek US Holdings, Inc.		16,142		370,459
Exxon Mobil Corp.		3,874		424,823
HF Sinclair Corp.		7,992		386,653
Marathon Oil Corp.		16,535		396,178
Marathon Petroleum Corp.		3,319		447,501
Occidental Petroleum Corp.		5,646		352,480
Ovintiv, Inc.		9,598		346,296

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments (continued)

March 31, 2023 (Unaudited)

Investments	Shares		Value
COMMON STOCKS (continued)
Oil & Gas (continued)
PBF Energy, Inc., Class A		9,495	$	411,703
PDC Energy, Inc.		5,558		356,712
Phillips 66		3,818		387,069
Range Resources Corp.		14,655		387,918
Ranger Oil Corp., Class A		9,946		406,195
Valero Energy Corp.		3,326		464,309
Total Oil & Gas				6,994,592
Oil & Gas Services – 0.9%
Halliburton Co.		11,869		375,535
Packaging & Containers – 2.1%
Berry Global Group, Inc.		7,122		419,486
Packaging Corp. of America		3,066		425,653
Total Packaging & Containers				845,139
REITS – 1.0%
Simon Property Group, Inc.		3,561		398,725
Retail – 6.2%
Group 1 Automotive, Inc.		2,032		460,086
Lowe’s Cos., Inc.		1,943		388,542
Murphy USA, Inc.		1,543		398,171
Patrick Industries, Inc.		5,935		408,387
Penske Automotive Group, Inc.		3,074		435,924
Sonic Automotive, Inc., Class A		8,289		450,424
Total Retail				2,541,534
Semiconductors – 3.2%
Applied Materials, Inc.		3,736		458,893
KLA Corp.		1,088		434,297
Kulicke & Soffa Industries, Inc. (Singapore)(a)		7,881		415,250
Total Semiconductors				1,308,440
Software – 1.0%
SS&C Technologies Holdings, Inc.		7,319		413,304
Transportation – 8.0%
ArcBest Corp.		4,253		393,062
CH Robinson Worldwide, Inc.		4,253		422,621
Expeditors International of Washington, Inc.		3,786		416,914
Forward Air Corp.		3,818		411,428
International Seaways, Inc.		10,059		419,259
Landstar System, Inc.		2,415		432,913
Matson, Inc.(a)		6,520		389,048
Scorpio Tankers, Inc. (Monaco)		6,726		378,741
Total Transportation				3,263,986
Total Common Stocks
(Cost $39,574,453)				40,671,887
MONEY MARKET FUND – 0.2%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 4.49%(b)
(Cost $90,570)		90,570		90,570
Total Investments – 99.7%
(Cost $39,665,023)				40,762,457
Other Assets in Excess of Liabilities – 0.3%				135,058
Net Assets – 100.0%			$	40,897,515

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 $790,023; the aggregate market value of the collateral held by the fund is $802,384. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $802,384.
(b)	Rate shown reflects the 7-day yield as of March 31, 2023.

ADVISORSHARES INSIDER ADVANTAGE ETF

Schedule of Investments (continued)

March 31, 2023 (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, 2023, 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	$	40,671,887	$	-	$	-	$	40,671,887
Money Market Fund		90,570		-		-		90,570
Total	$	40,762,457	$	-	$	-	$	40,762,457

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Aerospace/Defense		1.0	%
Apparel		1.1
Auto Parts & Equipment		1.0
Banks		1.0
Building Materials		4.1
Chemicals		5.6
Coal		1.8
Commercial Services		6.8
Computers		2.2
Distribution/Wholesale		1.0
Diversified Financial Services		3.8
Electrical Components & Equipment		2.0
Electronics		1.1
Engineering & Construction		1.0
Food		4.2
Forest Products & Paper		0.9
Healthcare - Products		1.0
Healthcare - Services		3.0
Home Builders		4.3
Home Furnishings		1.1
Insurance		1.9
Iron/Steel		4.2
Lodging		3.0
Media		0.9
Miscellaneous Manufacturing		2.0
Oil & Gas		17.1
Oil & Gas Services		0.9
Packaging & Containers		2.1
REITS		1.0
Retail		6.2
Semiconductors		3.2
Software		1.0
Transportation		8.0
Money Market Fund		0.2
Total Investments		99.7
Other Assets in Excess of Liabilities		0.3
Net Assets		100.0	%