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        <identifiers>
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        <fairValLevel>1</fairValLevel>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
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        <units>NS</units>
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        <pctVal>52.58290734385</pctVal>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Invesco S&amp;P 500 Low Volatility ETF</name>
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        <title>Invesco S&amp;P 500 Low Volatility ETF</title>
        <cusip>46138E354</cusip>
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        <balance>748955.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>54538903.10000000</valUSD>
        <pctVal>46.86788843743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-08-25</ncom:dateSigned>
      <ncom:nameOfApplicant>AdvisorShares Trust</ncom:nameOfApplicant>
      <ncom:signature>Dan Ahrens</ncom:signature>
      <ncom:signerName>Dan Ahrens</ncom:signerName>
      <ncom:title>Secretary and Treasurer</ncom:title>
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</edgarSubmission>
