(null)


  
    NPORT-P
    false
    
      
      
        
          0001408970
          XXXXXXXX
        
      
      
      
      
        S000059263
        C000194564
      
      
    
  
  
    
      AdvisorShares Trust
      811-22110
      0001408970
      549300K5KGUMX2I7WM68
      4800 Montgomery Lane
      Suite 150
      Bethesda
      
      20814
      877-843-3831
      AdvisorShares Vice ETF
      S000059263
      5493007Q9G201B621B10
      2022-06-30
      2022-03-31
      N
    
    
      11049551.07
      34252.67
      11015298.40
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      
        
      
      
        
          
            UST
          
        
      
      
        
          
        
        
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
          
            
            
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        Gaming and Leisure Properties
        5493006GWRDBCZYWTM57
        Gaming and Leisure Properties Inc
        36467J108
        
          
          
        
        11016.00000000
        NS
        USD
        516980.88000000
        4.693298912356
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        CITIBANK INVESTMENTS LIMITED
        5493008TE4E4DNW1EX82
        CITIBANK NA
        000000000
        
          
        
        8.00000000
        PA
        USD
        8.00000000
        0.000072626266
        Long
        RA
        CORP
        US
        N
        
        2
        
          Repurchase
          
            
              
            
          
          Y
          0.30000000
          2022-04-01
          
            
              7.55583040
              USD
              8.16000007
              USD
              UST
            
          
        
        
          
          N
          N
        
      
      
        Everi Holdings Inc
        5299006DK5S7BG10K532
        Everi Holdings Inc
        30034T103
        
          
          
        
        24300.00000000
        NS
        USD
        510300.00000000
        4.632647990725
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        LVMH Moet Hennessy Louis Vuitt
        IOG4E947OATN0KJYSD45
        LVMH Moet Hennessy Louis Vuitton SE
        502441306
        
          
          
        
        4009.00000000
        NS
        USD
        571603.22000000
        5.189175991818
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Brown-Forman Corp
        549300873K3LXF7ARU34
        Brown-Forman Corp
        115637209
        
          
          
        
        1273.00000000
        NS
        USD
        85316.46000000
        0.774526997834
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Full House Resorts Inc
        5493009DKIWW0H901Y82
        Full House Resorts Inc
        359678109
        
          
          
        
        29993.00000000
        NS
        USD
        288232.73000000
        2.616658392114
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Duckhorn Portfolio Inc/The
        2549003BCT5CJSKJ9X51
        Duckhorn Portfolio Inc/The
        26414D106
        
          
          
        
        14220.00000000
        NS
        USD
        258661.80000000
        2.348205110812
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Red Rock Resorts Inc
        N/A
        Red Rock Resorts Inc
        75700L108
        
          
          
        
        10354.00000000
        NS
        USD
        502790.24000000
        4.564472261595
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Activision Blizzard Inc
        549300TPQQDBP9GNOF40
        Activision Blizzard Inc
        00507V109
        
          
          
        
        5056.00000000
        NS
        USD
        405036.16000000
        3.677033025269
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Penn National Gaming Inc
        N/A
        Penn National Gaming Inc
        707569109
        
          
          
        
        7476.00000000
        NS
        USD
        317131.92000000
        2.879013427362
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Boston Beer Co Inc/The
        529900Q02MQ0DCQNRM58
        Boston Beer Co Inc/The
        100557107
        
          
          
        
        295.00000000
        NS
        USD
        114598.65000000
        1.040359015603
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Vector Group Ltd
        549300TUIF4WWN6NDN50
        Vector Group Ltd
        92240M108
        
          
          
        
        23136.00000000
        NS
        USD
        278557.44000000
        2.528823368053
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Constellation Brands Inc
        5493005GKEG8QCVY7037
        Constellation Brands Inc
        21036P108
        
          
          
        
        975.00000000
        NS
        USD
        224562.00000000
        2.038637464419
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        International Game Technology
        549300UQ6KHRCZDRGZ76
        International Game Technology PLC
        000000000
        
          
          
        
        6780.00000000
        NS
        USD
        167330.40000000
        1.519072783357
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        British American Tobacco PLC
        213800FKA5MF17RJKT63
        British American Tobacco PLC
        110448107
        
          
          
        
        3297.00000000
        NS
        USD
        139001.52000000
        1.261895183883
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          N
        
      
      
        Take-Two Interactive Software
        BOMSTHHJK882EWYX3334
        Take-Two Interactive Software Inc
        874054109
        
          
          
        
        837.00000000
        NS
        USD
        128680.38000000
        1.168196950524
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Caesars Entertainment Inc
        549300FA4CTCW903Y781
        Caesars Entertainment Inc
        12769G100
        
          
          
        
        3743.00000000
        NS
        USD
        289558.48000000
        2.628693926258
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        MGP Ingredients Inc
        2549006OMHFVZ4MS8538
        MGP Ingredients Inc
        55303J106
        
          
          
        
        2800.00000000
        NS
        USD
        239652.00000000
        2.175628760088
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Altria Group Inc
        XSGZFLO9YTNO9VCQV219
        Altria Group Inc
        02209S103
        
          
          
        
        2030.00000000
        NS
        USD
        106067.50000000
        0.962910818648
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Boyd Gaming Corp
        254900787YGRYS2A1Z35
        Boyd Gaming Corp
        103304101
        
          
          
        
        9039.00000000
        NS
        USD
        594585.42000000
        5.397814915299
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Universal Corp/VA
        549300BZXZ66F6DTIF20
        Universal Corp/VA
        913456109
        
          
          
        
        4196.00000000
        NS
        USD
        243661.72000000
        2.212030134381
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        BLACKROCK TREASURY TRUST
        N/A
        BLACKROCK TREASURY TRUST
        000000000
        
          
        
        737614.04000000
        NS
        USD
        737614.04000000
        6.696269254040
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        RCI Hospitality Holdings Inc
        529900COXP1MLE1UKG69
        RCI Hospitality Holdings Inc
        74934Q108
        
          
          
        
        10228.00000000
        NS
        USD
        628612.88000000
        5.706725838675
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Turning Point Brands Inc
        549300IYG00QF0VVP302
        Turning Point Brands Inc
        90041L105
        
          
          
        
        5434.00000000
        NS
        USD
        184810.34000000
        1.677760631523
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Chuy's Holdings Inc
        N/A
        Chuy's Holdings Inc
        171604101
        
          
          
        
        18191.00000000
        NS
        USD
        491157.00000000
        4.458862412660
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Anheuser-Busch InBev SA/NV
        5493008H3828EMEXB082
        Anheuser-Busch InBev SA/NV
        03524A108
        
          
          
        
        2006.00000000
        NS
        USD
        120480.36000000
        1.093754845533
        Long
        EC
        CORP
        BE
        N
        
        1
        
          N
          N
          N
        
      
      
        Diageo PLC
        213800ZVIELEA55JMJ32
        Diageo PLC
        25243Q205
        
          
          
        
        2660.00000000
        NS
        USD
        540352.40000000
        4.905472193109
        Long
        EC
        CORP
        GB
        N
        
        1
        
          N
          N
          
        
      
      
        Jack in the Box Inc
        5493002OJW26P0SUUP68
        Jack in the Box Inc
        466367109
        
          
          
        
        2418.00000000
        NS
        USD
        225865.38000000
        2.050469917365
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        VICI Properties Inc
        254900RKH6RY9KCJQH63
        VICI Properties Inc
        925652109
        
          
          
        
        15868.00000000
        NS
        USD
        451603.28000000
        4.099782535169
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Monarch Casino & Resort Inc
        549300AK5FF7KY11V997
        Monarch Casino & Resort Inc
        609027107
        
          
          
        
        6490.00000000
        NS
        USD
        566122.70000000
        5.139422278383
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        McDonald's Corp
        UE2136O97NLB5BYP9H04
        McDonald's Corp
        580135101
        
          
          
        
        1276.00000000
        NS
        USD
        315529.28000000
        2.864464207342
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Pernod Ricard SA
        52990097YFPX9J0H5D87
        Pernod Ricard SA
        714264306
        
          
          
        
        11238.00000000
        NS
        USD
        492336.78000000
        4.469572789784
        Long
        EC
        CORP
        FR
        N
        
        1
        
          N
          N
          N
        
      
      
        Philip Morris International In
        HL3H1H2BGXWVG3BSWR90
        Philip Morris International Inc
        718172109
        
          
          
        
        1234.00000000
        NS
        USD
        115921.96000000
        1.052372398735
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Molson Coors Beverage Co
        54930073LBBH6ZCBE225
        Molson Coors Beverage Co
        60871R209
        
          
          
        
        3168.00000000
        NS
        USD
        169107.84000000
        1.535208887305
        Long
        EC
        CORP
        US
        N
        
        1
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-05-20
      AdvisorShares Trust
      Dan Ahrens
      Dan Ahrens
      Secretary and Treasurer
    
  
  XXXX

ADVISORSHARES VICE ETF

Schedule of Investments

March 31, 2022 (Unaudited)

Investments	Shares		Value
COMMON STOCKS – 93.4%

Agriculture – 9.7%
Altria Group, Inc.		2,030	$	106,067
British American Tobacco PLC (United Kingdom)^(a)		3,297		139,002
Philip Morris International, Inc.		1,234		115,922
Turning Point Brands, Inc.		5,434		184,810
Universal Corp.		4,196		243,662
Vector Group Ltd.		23,136		278,557
Total Agriculture				1,068,020

Apparel – 5.2%
LVMH Moet Hennessy Louis Vuitton SE (France)^(a)		4,009		571,603

Beverages – 20.4%
Anheuser-Busch InBev SA/NV (Belgium)^(a)		2,006		120,480
Boston Beer Co., Inc. (The), Class A*		295		114,599
Brown-Forman Corp., Class B		1,273		85,316
Constellation Brands, Inc., Class A		975		224,562
Diageo PLC (United Kingdom)^(a)(b)		2,660		540,352
Duckhorn Portfolio, Inc. (The)*		14,220		258,662
MGP Ingredients, Inc.		2,800		239,652
Molson Coors Beverage Co., Class B		3,168		169,108
Pernod Ricard SA (France)^(a)		11,238		492,337
Total Beverages				2,245,068

Entertainment – 27.1%
Caesars Entertainment, Inc.*		3,743		289,559
Everi Holdings, Inc.*		24,300		510,300
International Game Technology PLC		6,780		167,330
Monarch Casino & Resort, Inc.*		6,490		566,123
Penn National Gaming, Inc.*		7,476		317,132
RCI Hospitality Holdings, Inc.		10,228		628,613
Red Rock Resorts, Inc., Class A		10,354		502,790
Total Entertainment				2,981,847

Lodging – 8.0%
Boyd Gaming Corp.		9,039		594,585
Full House Resorts, Inc.*		29,993		288,233
Total Lodging				882,818

REITS – 8.8%
Gaming and Leisure Properties, Inc.		11,016		516,981
VICI Properties, Inc.		15,868		451,603
Total REITS				968,584

Retail – 9.4%
Chuy’s Holdings, Inc.*		18,191		491,157
Jack in the Box, Inc.		2,418		225,866
McDonald’s Corp.		1,276		315,529
Total Retail				1,032,552

Software – 4.8%
Activision Blizzard, Inc.		5,056		405,036
Take-Two Interactive Software, Inc.*		837		128,681
Total Software				533,717

Total Common Stocks (Cost $9,472,786)				10,284,209

MONEY MARKET FUND – 6.7%
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, Institutional Class, 0.17%^(c) (Cost $737,614)		737,614		737,614

Total Investments – 100.1% (Cost $10,210,400)				11,021,823
Liabilities in Excess of Other Assets – (0.1%)				(6,525	)
Net Assets – 100.0%			$	11,015,298

PLC - Public Limited Company

REITS - Real Estate Investment Trusts

*	Non-income producing security.
(a)	American Depositary Receipt.
(b)	All or a portion of security is on loan. The aggregate market value of the securities on loan is $529,383; the aggregate market value of the collateral held by the fund is $545,027. The aggregate market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $545,027.
(c)	Rate shown reflects the 7-day yield as of March 31, 2022.

ADVISORSHARES VICE ETF

Schedule of Investments (continued)

March 31, 2022 (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, 2022, 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	$	10,284,209	$	–	$	–	$	10,284,209
Money Market Fund		737,614		–		–		737,614
Total	$	11,021,823	$	–	$	–	$	11,021,823

SUMMARY OF SCHEDULE OF INVESTMENTS

	% of
	Net Assets
Agriculture		9.7	%
Apparel		5.2
Beverages		20.4
Entertainment		27.1
Lodging		8.0
REITS		8.8
Retail		9.4
Software		4.8
Money Market Fund		6.7
Total Investments		100.1
Liabilities in Excess of Other Assets		(0.1	)
Net Assets		100.0	%