-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QMptG4h1XX+f9k0Ww6VeMAMLhvBM7zMSadU9ZZ+gcgByDPH5YdctUv+OYVHAJuZD OLssZ3tdEXB3a7UC9Nx9+g== 0000894189-04-002398.txt : 20041122 0000894189-04-002398.hdr.sgml : 20041122 20041122141655 ACCESSION NUMBER: 0000894189-04-002398 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041122 DATE AS OF CHANGE: 20041122 EFFECTIVENESS DATE: 20041122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORS SERIES TRUST CENTRAL INDEX KEY: 0001027596 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07959 FILM NUMBER: 041160277 BUSINESS ADDRESS: STREET 1: U.S BANCORP FUND SERVICES, LLC STREET 2: 615 E MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-5344 MAIL ADDRESS: STREET 1: 615 E MICHIGAN STREET STREET 2: MK-WI-LC2 CITY: MILWAUKEE STATE: WI ZIP: 53202 N-Q 1 mccarthynq.htm MCCARTHY FUND N-Q Unassociated Document




UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549


 
FORM N-Q
 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 




Investment Company Act file number 811-07959



Advisors Series Trust
(Exact name of registrant as specified in charter)



615 East Michigan St.
Milwaukee, WI 53202
(Address of principal executive offices) (Zip code)



Eric M. Banhazl
Advisors Series Trust
2020 East Financial Way, Suite 100
Glendora, CA 91741 

(Name and address of agent for service)


(414) 765-5340
Registrant's telephone number, including area code



Date of fiscal year end: June 30, 2005



Date of reporting period: September 30, 2004 


 
  1   
 

 
Item 1. Schedule of Investments.

McCarthy Fund
         
SCHEDULE OF INVESTMENTS at September 30, 2004    
         
Shares
  
COMMON STOCKS: 97.73%
  
Market Value
         
   
Banks: 3.98%
    
32,855
 
Washington Mutual, Inc.
  
$ 1,283,973
         
   
Broadcast Service/Program: 3.89%
    
143,740
 
Liberty Media Corp. - Class A*
$
1,253,413
         
   
Chemicals - Specialty: 0.97%
    
14,400
 
Sensient Technologies Corp.
  
311,616
         
   
Commercial Services: 3.41%
    
18,100
 
Coinstar, Inc.*
  
421,730
21,199
 
Convergys Corp.*
  
284,703
14,604
 
NCO Group, Inc.*
$
393,578
       
1,100,011
         
   
Consumer Non Cyclical: 0.99%
    
19,800
 
First Health Group Corp.*
  
318,582
         
   
Consumer Products/Miscellaneous: 1.64%
    
13,300
 
Newell Rubbermaid Inc.
  
266,532
4,100
 
The Scotts Co. - Class A*
  
263,015
       
529,547
         
   
Decision Support Software: 1.06%
    
31,888
 
NetIQ Corp.*
  
341,202
         
   
Diversified Operations: 6.38%
    
21,075
 
Cendant Corp.
  
455,220
11,868
 
FirstService Corp.*#
  
285,900
42,968
 
Tyco International Ltd. #
  
1,317,399
       
2,058,519
         
   
Drugs & Pharmaceuticals: 7.50%
    
18,542
 
Americsourcebergen Corp.
  
995,891
44,406
 
Caremark Rx Inc.*
  
1,424,101
       
2,419,992
         
   
Electronic Components: 1.07%
    
11,600
 
Benchmark Electronics, Inc.*
  
345,680
         
See accompanying Notes to Finanical Statements.
    
         

 
     
 

SCHEDULE OF INVESTMENTS at September 30, 2004, Continued 

    
         
         
Shares
      
Market Value
         
   
Enterprise Software - Services: 2.89%
    
183,365
 
3Com Corp.*
 
$ 773,800
25,371
 
Novell, Inc.*
$
160,091
       
933,891
         
   
Food: 1.00%
    
12,900
 
Fresh Del Monte Produce, Inc. #
  
321,339
         
   
Funeral Services and Related Items: 1.04%
    
48,424
 
Stewart Enterprises, Inc.*
  
336,547
         
   
Home Furnishings: 1.77%
    
15,600
 
La-Z-Boy, Inc.
  
236,808
4,200
 
Mohawk Industries*
  
333,438
     
$
570,246
         
   
Human Resource Management: 0.81%
    
5,888
 
ManPower Inc.
$
261,957
   

 

    
   
Instruments - Scientific: 2.68%
    
14,840
 
Fisher Scientific International, Inc.*
$
865,617
         
   
Insurance: 6.76%
    
8,400
 
Allmerica Financial Corp.*
  
225,792
494
 
Berkshire Hathaway, Inc. - Class B*
  
1,418,274
8,600
 
Hilb, Rogal & Hobbs Co.
  
311,492
12,800
 
Horace Mann Educators Corp.
  
225,024
       
2,180,582
         
   
Media: 5.52%
    
46,100
 
Comcast Corp. - Class A*
  
1,301,864
14,000
 
Emmis Communications - Class A*
  
252,840
6,807
 
Liberty Media International Inc.*
  
227,095
       
1,781,799
         
   
Medical - Drugs: 6.05%
    
7,016
 
Merck & Co., Inc.
  
231,528
90,270
 
Schering-Plough Corp.
  
1,720,546
       
1,952,074
         
   
Medical - Instruments: 0.86%
    
10,495
 
CONMED Corp.*
  
276,019
         
See accompanying notes to Financial Statements.
    
         

 
     
 

SCHEDULE OF INVESTMENTS at September 30, 2004, Continued 

    
         
         
Shares
      
Market Value
         
   
Medical - Labs and Testing Services: 4.22%
    
31,128
 
Laboratory Corporation of America Holdings*
  
$ 1,360,916
         
   
Medical - Outpatient Services: 0.93%
    
11,000
 
Apria Healthcare Group, Inc.*
  
299,750
         
   
Medical Products: 4.12%
    
23,600
 
Johnson & Johnson
  
1,329,388
         
   
Metal Processors & Fabricators: 0.92%
    
10,300
 
Kaydon Corp.
  
296,331
         
   
Oil - Exploration & Production: 3.58%
    
11,292
 
Devon Energy Corp.
  
801,845
5,747
 
Newfield Exploration Co.*
$
351,946
       
1,153,791
         
   
Oil - Field Services: 1.02%
    
10,100
 
Tidewater, Inc.
$
328,755
         
   
Phamacy Services: 2.10%
    
23,862
 
Omnicare, Inc.
$
676,726
         
   
Real Estate Management Service: 1.10%
    
10,728
 
Jones Lang LaSalle Inc.*
  
354,131
         
   
Retail: 1.95%
    
11,100
 
J.C. Penney Company, Inc.
 
391,608
7,715
 
Papa John's International, Inc.*
$
236,696
       
628,304
         
   
Schools: 1.07%
    
9,600
 
ITT Educational Services, Inc.*
  
346,080
         
   
Semiconductors: 1.02%
    
28,700
 
Emulex Corp.*
$
330,624
         
   
Steel Pipe & Tube: 0.80%
    
21,400
 
The Shaw Group, Inc.*
$
256,800
         
   
Technology - Data Processing: 5.92%
    
12,200
 
Fair Isaac Corp.
  
356,240
27,498
 
First Data Corp.
  
1,196,163
7,848
 
Intuit Inc.*
  
356,299
       
1,908,702
         
   
Telecommunications: 2.61%
    
6,200
 
Alltell Corp.
  
340,442
11,800
 
Centurytel Inc.
  
404,032
9,793
 
Intrado, Inc.*
  
99,007
     
$
843,481
         
See accompanying Notes to Financial Statements.
    
         

 
     
 

SCHEDULE OF INVESTMENTS at September 30, 2004, Continued 

    
         
         
Shares
      
Market Value
   
Waste Disposal: 6.10%
    
22,734
 
Republic Services, Inc.
  
676,564
11,100
 
Waste Connections, Inc.*
  
351,648
34,400

 
Waste Management, Inc.
  
940,496
       
1,968,708
         
   
TOTAL COMMON STOCKS (cost $26,838,892)
  
31,525,093
         
         
Shares
  
SHORT-TERM INVESTMENTS: 2.52%
  
Value
         
813,139
 
Federated Cash Trust Treasury Money Market Fund
 
$ 813,139
         
   
TOTAL SHORT-TERM INVESTMENTS 
    
   
(cost $813,139)
  
813,139
         
   
Total Investments in Securities
    
   
(cost $27,652,031): 100.25%
  
32,338,232
   
Call Options Written: (0.25%)
  
(80,000)
   
Cash and Other Assets in Excess of Liabilities: ( 0.00%)
  
1,044
   
NET ASSETS: 100.00%
  
$ 32,259,276
         

SCHEDULE OF CALL OPTIONS WRITTEN  at Septembe 30, 2004, Continued 

    
         
         
Contracts
  
Underlying Index/Expiration Date/Exercise Price
  
Value
400
  
Standard and Poor's 500 Index
    
   
Expiring January 2005, Exercise Price $3.00
  
$ (80,000)
   
 (Proceeds $95,195)
    
         
* Non-income producing security.
    
# U.S. security of foreign issuer.
    
See accompanying Notes to Financial Statements.
    


 
Item 2. Controls and Procedures.
 
(a)   The Registrant’s President/Chief Executive Officer and Treasurer/Chief Financial Officer have concluded that the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 15d-15(b) under the Securities Exchange Act of 1934, as amended.

(b)   There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the Registrant's last fiscal half-year that has materially affected, or is reasonably likely to materially affect, the Registrant's internal control over financial reporting.


 
Item 3. Exhibits.
 
Separate certifications for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Act (17 CFR 270.30a-2(a)). Filed herewith.
 

 
  2   
 



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant) Advisors Series Trust                                                                                        

By (Signature and Title) /s/ Eric M. Banhazl                                                            
Eric M. Banhazl, President

Date   11/01/04                                                                                                                                  



Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)* /s/ Eric M. Banhazl                                                       
Eric M. Banhazl, President

Date  11/01/04                                                                                                         

By (Signature and Title)* /s/Douglas G. Hess     
Douglas G. Hess, Treasurer

Date  10/27/04                                                                                                         

* Print the name and title of each signing officer under his or her signature.


 
  5   
 

 EX-99.CERT 2 certs.htm CERTIFICATIONS Unassociated Document

EX.99 CERT

 
CERTIFICATION
 
I, Eric M. Banhazl, certify that:

1.   I have reviewed this report on Form N-Q of Advisors Series Trust;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:

(a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)   [Omit]

(c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d)   [Omit]

5.   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and
 
(b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:  11/01/04                                           
/s/ Eric M. Banhazl                                                    
 
Eric M. Banhazl, President
 

  
  3   
 

EX.99 CERT
 
 
CERTIFICATION
 
I, Douglas G. Hess, certify that:

1.   I have reviewed this report on Form N-Q of Advisors Series Trust;

2.   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have:

(a)   Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)   [Omit]

(c)   Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d)   [Omit]

5.   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)   All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)   Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: 10/27/04                                              
/s/ Douglas G. Hess                                               
 
Douglas G. Hess, Treasurer

  
  4   
 
 
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