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        <valUSD>181798.18000000</valUSD>
        <pctVal>0.716668770492</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="181798.18000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Consumer Discretionary Select Sector SPDR Fund</name>
        <lei>549300CD2I087Y919K79</lei>
        <title>Consumer Discretionary Select Sector SPDR Fund</title>
        <cusip>81369Y407</cusip>
        <identifiers>
          <isin value="US81369Y4070"/>
          <ticker value="XLY"/>
        </identifiers>
        <balance>16400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3564212.00000000</valUSD>
        <pctVal>14.05052257297</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="3564212.00000000"/>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares U.S. Technology ETF</name>
        <lei>5493003RR427QZS78C77</lei>
        <title>iShares U.S. Technology ETF</title>
        <cusip>464287721</cusip>
        <identifiers>
          <isin value="US4642877215"/>
          <ticker value="IYW"/>
        </identifiers>
        <balance>29168.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5053939.36000000</valUSD>
        <pctVal>19.92319454065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrial Select Sector SPDR Fund</name>
        <lei>549300HQI51T8KP6U325</lei>
        <title>Industrial Select Sector SPDR Fund</title>
        <cusip>81369Y704</cusip>
        <identifiers>
          <isin value="US81369Y7040"/>
          <ticker value="XLI"/>
        </identifiers>
        <balance>15996.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2359729.92000000</valUSD>
        <pctVal>9.302319420699</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <loanByFundCondition isLoanByFund="Y" loanVal="621649.28000000"/>
        </securityLending>
      </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>
    </signature>
  </formData>
</edgarSubmission>
