N-Q 1 highpointenq.htm HIGH POINTE FUNDS QUARTERLY NOTICE OF PORTFOLIO HOLDINGS High Pointe Funds Quarterly Notice of Portfolio Holdings


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: March 31, 2005 


 
 
Item 1. Schedule of Investments.

High Pointe Select Value Fund
    
Schedule of Investments
   
at March 31, 2005 (Unaudited)
    
         
Shares
  
COMMON STOCKS: 89.7%
  
Value
         
   
Building Products: 2.6%
    
4,750
 
York International Corporation
$
186,105
         
   
Capital Markets: 3.6%
    
8,800
 
The Bank of New York Company, Inc.
  
255,640
         
   
Commercial Services & Supplies: 11.7%
    
14,100
 
Cendant Corporation
  
289,614
5,150
 
H&R Block, Inc.
  
260,487
9,850
 
Waste Management, Inc.
  
284,172
       
834,273
   
Communications Equipment: 2.2%
    
43,750
 
3Com Corporation (a)
  
155,750
         
   
Computers & Peripherals: 4.0%
    
12,900
 
Hewlett-Packard Company
  
283,026
         
   
Consumer Finance: 3.5%
    
3,350
 
Capital One Financial Corporation
  
250,479
         
   
Diversified Financial Services: 4.7%
    
7,450
 
Citigroup Inc.
  
334,803
         
   
Electronic Equipment & Instruments: 2.6%
    
8,400
 
Agilent Technologies, Inc. (a)
  
186,480
         
   
Food & Staples Retailing: 3.6%
    
4,800
 
CVS Corporation
  
252,576
         
   
Health Care Providers & Services: 11.1%
    
3,950
 
Cardinal Health, Inc.
  
220,410
5,800
 
HCA, Inc.
  
310,706
7,200
 
Omnicare, Inc.
  
255,240
       
786,356
   
Hotels, Restaurants & Leisure: 3.1%
    
9,450
 
GTECH Holdings Corporation
  
222,359
         
   
Insurance: 6.9%
    
3,700
 
The Chubb Corporation
  
293,299
2,700
 
XL Capital Ltd., Class A (b)
  
195,399
       
488,698
   
Internet & Catalog Retail: 3.8%
    
12,100
 
InterActiveCorp (a)
  
269,467
         
   
Media: 8.9%
    
10,100
 
Comcast Corporation (a)
  
341,178
28,000
 
Liberty Media Corporation, Class A (a)
  
290,360
       
631,538
   
Pharmaceuticals: 3.6%
    
9,750
 
Pfizer Inc.
  
256,133
         
         
 
 
 
 
High Pointe Select Value Fund
    
Schedule of Investments
   
at March 31, 2005 (Unaudited)
    
         
Shares
  
COMMON STOCKS (con't.): 89.7%
  
Value
         
   
Specialty Retail: 2.7%
    
6,950
 
Rent-A-Center, Inc. (a)
$
189,805
         
   
Thrifts & Mortgage Finance: 11.1%
    
7,950
 
Countrywide Financial Corporation
  
258,057
6,200
 
Fannie Mae
  
337,590
3,000
 
Freddie Mac
  
189,600
       
785,247
         
   
TOTAL COMMON STOCKS (Cost $6,406,851)
  
6,368,735
         
   
TOTAL INVESTMENTS IN SECURITIES
  
6,368,735
   
(Cost $6,406,851): 89.7%
    
   
Other Assets in Excess of Liabilities: 10.3%
  
728,384
   
NET ASSETS: 100.0%
$
7,097,119
         
(a) Non-income producing security.
   
(b) U.S. traded security of a foreign issuer.
   
         
         
 
 

High Pointe Small Cap Equity Fund
    
Schedule of Investments
   
at March 31, 2005 (Unaudited)
    
         
Shares
  
COMMON STOCKS: 98.7%
  
Value
         
   
Auto Components: 3.0%
    
850
 
Lear Corporation
$
37,706
         
   
Biotechnology: 1.5%
    
450
 
Affymetrix, Inc. (a)
  
19,278
         
   
Building Products: 3.9%
    
1,250
 
York International Corporation
  
48,975
         
   
Commercial Services & Supplies: 6.5%
    
1,700
 
Bowne & Co., Inc.
  
25,568
1,950
 
Corinthian Colleges, Inc. (a)
  
30,654
550
 
United Stationers Inc. (a)
  
25,337
       
81,559
   
Communications Equipment: 6.3%
    
11,950
 
3Com Corporation (a)
  
42,542
950
 
Plantronics, Inc.
  
36,176
       
78,718
   
Computers & Peripherals: 2.6%
    
1,450
 
Cash America International, Inc.
  
31,799
         
   
Electrical Equipment: 2.9%
    
1,400
 
American Power Conversion Corporation
  
36,554
         
   
Electronic Equipment & Instruments: 3.5%
    
2,400
 
Avnet, Inc. (a)
  
44,208
         
   
Energy Equipment & Services: 2.5%
    
1,250
 
Patterson-UTI Energy, Inc.
  
31,275
         
   
Food Products: 4.0%
    
900
 
American Italian Pasta Company, Class A
  
24,660
2,300
 
Del Monte Foods Company (a)
  
24,955
       
49,615
   
Health Care Equipment & Supplies: 5.3%
    
550
 
IDEXX Laboratories, Inc. (a)
  
29,788
2,000
 
Wilson Greatbatch Technologies, Inc. (a)
  
36,480
       
66,268
   
Health Care Providers & Services: 8.4%
    
1,400
 
Omnicare, Inc.
  
49,630
450
 
Pediatrix Medical Group, Inc. (a)
  
30,866
2,850
 
WebMD Corporation (a)
  
24,225
       
104,721
   
Hotels, Restaurants & Leisure: 5.8%
    
2,550
 
Alliance Gaming Corporation (a)
  
24,454
2,050
 
GTECH Holdings Corporation
  
48,237
       
72,691
   
Household Durables: 2.0%
    
1,750
 
La-Z-Boy Incorporated
  
24,377
         
   
Insurance: 3.4%
    
900
 
RenaissanceRe Holdings Ltd. (b)
  
42,030
         
         
 
 
 
 
High Pointe Small Cap Equity Fund
    
Schedule of Investments
   
at March 31, 2005 (Unaudited)
    
         
Shares
  
COMMON STOCKS (con't.): 98.7%
  
Value
         
   
IT Services: 3.5%
    
4,950
 
BearingPoint, Inc. (a)
$
43,411
         
   
Machinery: 3.9%
    
1,350
 
Briggs & Stratton Corporation
  
49,154
         
   
Media: 4.4%
    
2,600
 
Cumulus Media, Inc., Class A (a)
  
37,050
1,050
 
The Readers' Digest Association, Inc.
  
18,175
       
55,225
   
Multiline Retail: 3.5%
    
3,650
 
Big Lots, Inc. (a)
  
43,873
         
   
Savings Institutions, Federally Chartered: 3.1%
    
900
 
Westcorp
  
38,025
         
   
Semiconductor & Semiconductor Equipment: 2.4%
    
4,550
 
Integrated Silicon Solution, Inc. (a)
  
30,485
         
   
Software: 2.0%
    
1,800
 
Mentor Graphics Corporation (a)
  
24,660
         
   
Specialty Retail: 7.4%
    
1,500
 
Foot Locker, Inc.
  
43,950
1,750
 
Rent-A-Center, Inc. (a)
  
47,793
       
91,743
   
Textiles, Apparel & Luxury Goods: 6.9%
    
1,100
 
Reebok International Ltd.
  
48,730
3,150
 
Tommy Hilfiger Corporation (a) (b)
  
36,855
       
85,585
         
   
TOTAL COMMON STOCKS (Cost $1,207,575)
  
1,231,935
         
   
TOTAL INVESTMENTS IN SECURITIES
  
1,231,935
   
(Cost $1,207,575): 98.7%
    
   
Other Assets in Excess of Liabilities: 1.3%
  
15,914
   
NET ASSETS: 100.0%
$
1,247,849
         
(a) Non-income producing security.
   
(b) U.S. traded security of a foreign issuer.
   
         
         
         
 
 
 
 
For certain federal income tax information, as well as other information regarding securities valuation and other significant accounting policies, please refer to the footnotes to the Funds’ most recent semi-annual or annual report.
 
 
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 quarter 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.

 
 
 
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 May 26, 2005                                                                          



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 May 26, 2005                                                                          

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

Date May 27, 2005                                                                          

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