N-Q 1 atanq.htm AMERICAN TRUST ALLEGIANCE QUARTERLY NOTICE OF PORTFOLIO HOLDINGS American Trust Allegiance 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: February 28, 2006



Date of reporting period: May 31, 2005 

 
 
Item 1. Schedule of Investments.
American Trust Allegiance Fund
Schedule of Investments at May 31, 2005 (Unaudited)
         
Shares
  
COMMON STOCKS - 95.2%
  
Market Value
         
   
Aerospace & Defense - 2.0%
    
2,400
 
L-3 Communications Holdings, Inc.
 $
 169,872
2,700
 
United Technologies Corp.
 
288,090
       
457,962
         
   
Air Freight & Logistics - 1.6%
    
3,000
 
Expeditors International of Washington, Inc.
 
152,940
2,200
 
FedEx Corp.
 
196,724
       
349,664
         
   
Auto Systems/Building Controls - 0.7%
    
2,800
 
Johnson Controls, Inc.
 
158,648
         
   
Banks - 12.3%
    
9,800
 
Bank of America Corp.
 
453,936
10,200
 
Citigroup, Inc.
 
480,522
8,700
 
J.P. Morgan Chase & Co.
 
311,025
8,600
 
Marshall & Ilsley Corp.
 
374,186
7,300
 
Wachovia Corp.
 
370,475
5,800
 
Wells Fargo & Co.
 
350,378
5,700
 
Zions Bancorporation
 
403,788
       
2,744,310
         
   
Broadcasting & Cable - 1.4%
    
9,800
 
Comcast Corp. - Class A*
  
310,072
         
   
Chemicals - Specialty - 1.1%
    
7,700
 
Ecolab, Inc.
 
248,941
         
   
Communications - 2.1%
    
10,500
 
Nextel Communications, Inc. - Class A*
  
316,890
4,200
 
Verizon Communications, Inc.
 
148,596
       
465,486
         
   
Communications Equipment - 1.0%
    
6,000
 
QUALCOMM, Inc.
 
223,560
         
   
Computer Hardware - 4.7%
    
6,100
 
Apple Computer, Inc.*
  
242,231
9,000
 
Dell, Inc.*
  
359,010
3,500
 
International Business Machines Corp.
 
264,425
6,400
 
Network Appliance, Inc.*
  
184,064
       
1,049,730
         
   
Computer Software - 4.9%
    
11,800
 
Adobe Systems, Inc.
 
390,108
7,300
 
Autodesk, Inc.
 
288,934
16,300
 
Microsoft Corp.
 
420,540
       
1,099,582
         
   
Containers & Packaging - 0.9%
    
5,400
 
Ball Corp.
 
202,770
         
   
Diverse Financial Services - 5.9%
    
5,300
 
American Express Co.
 
285,405
2,000
 
Capital One Financial Corp.
 
150,800
2,925
 
Legg Mason, Inc.
 
240,376
4,600
 
Merrill Lynch & Co., Inc.
 
249,596
2,700
 
State Street Corp.
 
129,600
2,700
 
The Goldman Sachs Group, Inc.
 
263,250
       
1,319,027
         
   
Electric Utilities - 4.1%
    
3,000
 
Entergy Corp.
 
215,490
7,700
 
Exelon Corp.
 
360,745
4,300
 
TXU Corp.
 
345,204
       
921,439
         
   
Electrical Equipment - 1.4%
    
4,600
 
Emerson Electric Co.
 
305,762
         
   
Energy Equipment & Services - 2.0%
    
2,250
 
Baker Hughes, Inc.
 
103,927
1,900
 
Nabors Industries Ltd.*#
  
104,709
1,550
 
Schlumberger Ltd.#
  
105,974
2,600
 
Transocean, Inc.*#
  
129,506
       
444,116
       
 
   
Food Distributors - 1.9%
    
11,600
 
Sysco Corp.
 
431,056
         
   
Food Products - 6.8%
    
8,700
 
Archer-Daniels-Midland Co.
 
172,695
2,600
 
Bunge Ltd.#
  
161,304
2,500
 
General Mills, Inc.
  
123,750
7,100
 
Hershey Foods Corp.
 
455,891
2,700
 
Kellogg Co.
  
122,823
4,800
 
McCormick & Co., Inc.
 
162,432
4,700
 
Wm. Wrigley Jr. Co.
  
320,869
       
1,519,764
         
   
Household Products & Personal Care - 6.0%
    
10,300
 
Avon Products, Inc.
 
409,322
5,300
 
Colgate-Palmolive Co.
 
264,841
5,600
 
The Estee Lauder Cos., Inc.
 
218,904
8,600
 
The Gillette Co.
 
453,564
       
1,346,631
         
   
Industrial Gases - 0.8%
    
3,600
 
Praxair, Inc.
 
168,732
         
   
Industrial Machinery - 3.6%
    
3,750
 
American Standard Companies, Inc.
 
160,500
1,600
 
Caterpillar, Inc.
 
150,576
2,200
 
Deere & Co.
 
145,530
2,325
 
Illinois Tool Works, Inc.
 
196,300
1,950
 
Ingersoll-Rand Co. Ltd. - Class A#
  
150,949
       
803,855
         
   
Insurance - Multi-Line - 2.3%
    
8,700
 
The Allstate Corp.
 
506,340
         
   
Internet Software & Services - 1.1%
    
450
 
Google, Inc. - Class A*
  
125,280
3,500
 
Yahoo!, Inc.*
  
130,200
       
255,480
         
   
Media - 4.0%
    
4,600
 
The McGraw-Hill Companies, Inc.
  
200,836
10,800
 
The Walt Disney Co.
 
296,352
16,400
 
Time Warner, Inc.*
  
285,360
3,800
 
XM Satellite Radio Holdings, Inc. - Class A*
  
122,018
       
904,566
         
   
Motor Freight Transportation - 0.8%
    
2,400
 
United Parcel Service, Inc. - Class B
 
176,760
         
   
Multiline Retail - 1.3%
    
4,800
 
Nordstrom, Inc.
 
292,992
         
   
Networking Equipment - 1.1%
    
13,020
 
Cisco Systems, Inc.*
  
252,328
         
   
Oil & Gas - Integrated - 6.2%
    
6,450
 
ChevronTexaco Corp.
 
346,881
2,400
 
ConocoPhillips
 
258,816
12,000
 
Exxon Mobil Corp.
 
674,400
2,625
 
Suncor Energy, Inc.#
  
103,399
       
1,383,496
         
   
Printing & Publishing - 0.6%
    
3,400
 
Tribune Co.
 
123,012
         
   
Retail - Home Improvement - 2.3%
    
4,350
 
Fastenal Co.
 
252,822
3,425
 
Home Depot, Inc.
 
134,774
2,150
 
Lowe's Cos., Inc.
 
123,001
       
510,597
         
   
Semiconductors - 3.1%
    
10,100
 
Applied Materials, Inc.*
  
165,741
10,800
 
Intel Corp.
 
290,844
1,900
 
Linear Technology Corp.
 
71,193
1,700
 
Maxim Integrated Products, Inc.
 
66,980
3,200
 
Texas Instruments, Inc.
 
88,448
       
683,206
         
   
Services - Data Processing - 1.4%
    
5,100
 
First Data Corp.
 
192,933
3,850
 
Paychex, Inc.
 
111,188
       
304,121
         
   
Specialty Retail - 5.3%
    
2,650
 
Bed Bath & Beyond, Inc.*
  
107,722
7,650
 
Chico's FAS, Inc.*
  
261,707
8,100
 
Coach, Inc.*
  
235,224
3,800
 
Nike, Inc. - Class B
  
312,360
6,525
 
Staples, Inc.
 
140,483
3,250
 
Williams-Sonoma, Inc.*
  
127,823
       
1,185,319
         
   
Thrifts & Mortgage Finance - 0.5%
    
1,900
 
Golden West Financial Corp.
 
118,978
         
   
TOTAL COMMON STOCKS (Cost $18,576,051)
  
21,268,302
         
Shares
  
SHORT-TERM INVESTMENTS - 4.9%
  
Market Value
         
1,097,072
 
Federated Cash Trust Treasury Money Market Fund
 
1,097,072
   
(Cost $1,097,072)
    
         
   
Total Investments in Securities (Cost $19,673,123) - 100.1%
  
22,365,374
   
Liabilities in Excess of Other Assets - (0.1)%
  
(26,324)
   
Net Assets - 100.0%
 $
 22,339,050
         
         
* Non-income producing security.
    
# U.S. security of a foreign issuer.
    
         
         

For certain federal income tax information, as well as information regarding securities valuation and other significant accounting policies, please refer to the footnotes to the Fund's 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 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.

 

 
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  7/25/05                                                                                              

 
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   7/25/05                                                                                       

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

Date   7/25/05                                                                                       

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