ADVISORSHARES POSEIDON DYNAMIC CANNABIS ETF

Schedule of Investments

March 31, 2023 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 6.2%
Agriculture – 0.8%
Village Farms International, Inc. (Canada)*		30,200	$	25,066
Pharmaceuticals – 5.4%
Intercure Ltd. (Israel)*		13,327		27,187
Organigram Holdings, Inc. (Canada)*		41,424		26,511
SNDL, Inc. (Canada)*		75,307		120,491
Total Pharmaceuticals				174,189
Total Common Stocks
(Cost $253,488)				199,255
MONEY MARKET FUND – 107.8%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 4.49%(a)(b)
(Cost $3,478,220)		3,478,220		3,478,220
Total Investments – 114.0%
(Cost $3,731,708)				3,677,475
Liabilities in Excess of Other Assets – (14.0%)				(450,412	)
Net Assets – 100.0%			$	3,227,063

SOFR - Secured Overnight Financing Rate

*	Non-income producing security.
(a)	Amount includes $2,538,377 of segregated collateral for swaps.
(b)	Rate shown reflects the 7-day yield as of March 31, 2023.

ADVISORSHARES POSEIDON DYNAMIC CANNABIS 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	$	199,255	$	-	$	-	$	199,255
Money Market Fund		3,478,220		-		-		3,478,220
Total	$	3,677,475	$	-	$	-	$	3,677,475

Liabilities	Level 1		Level 2			Level 3		Total
Swaps†	$	-	$	(13,796	)	$	-	$	(13,796	)

† Derivative instruments, including swap contracts, are valued at the net unrealized gain (loss) on the instrument.

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Agriculture		0.8	%
Pharmaceuticals		5.4
Money Market Fund		107.8
Total Investments		114.0
Liabilities in Excess of Other Assets		(14.0	)
Net Assets		100.0	%

ADVISORSHARES POSEIDON DYNAMIC CANNABIS ETF

Schedule of Investments (continued)

March 31, 2023 (Unaudited)

Total Return Swap contracts outstanding as of March 31, 2023:
Reference Entity	Annual Financing Rate Paid	Payment Frequency	Termination Date	Notional Amounts		Fair Value		Unrealized Appreciation/ (Depreciation)
Ascend Well	SOFR + 1.00%	Monthly	11/20/2023	$	533,940	$	531,063	$	(2,877	)
Columbia Care	SOFR + 1.00%	Monthly	11/20/2023		23,096		22,971		(125	)
Cresco Labs	SOFR + 1.00%	Monthly	11/20/2023		133,178		132,544		(634	)
Curaleaf Holdings SUB VOT	SOFR + 1.00%	Monthly	11/20/2023		530,948		528,080		(2,868	)
Green Thumb Industries SUB VOT	SOFR + 1.00%	Monthly	11/20/2023		1,052,575		1,047,764		(4,811	)
Terrascend	SOFR + 1.00%	Monthly	11/20/2023		72,472		72,179		(293	)
Trulieve Cannabis	SOFR + 1.00%	Monthly	11/20/2023		276,902		275,559		(1,343	)
Verano Holdings	SOFR + 1.00%	Monthly	11/20/2023		198,196		197,351		(845	)
Net Unrealized Depreciation								$	(13,796	)

Cowen acts as the counterparty to the total return swap contracts listed above. The Fund either receives fees from, or pays fees to, the counterparty, depending upon the total return of the benchmark, and the agreed-upon floating financing rate.