N-Q 1 ata_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS Quarterly Notice of Portfolio Holdings

As filed with the Securities and Exchange Commission on July 27, 2006


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 E. 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, 2007



Date of reporting period: May 31, 2006 


Item 1. Schedule of Investments.
 

American Trust Allegiance Fund  
    
Schedule of Investments at May 31, 2006 (Unaudited)  
    
         
         
Shares
 
COMMON STOCKS - 93.55%
  
Value
         
   
Aerospace & Defense - 2.95%
    
2,400
 
L-3 Communications Holdings, Inc.
$
175,104
6,900
 
United Technologies Corp.
 
431,388
       
606,492
         
   
Application Software - 1.89%
    
4,500
 
FactSet Research Systems, Inc.
 
202,095
6,450
 
Hyperion Solutions Corp.*
  
185,179
       
387,274
         
   
Asset Management - 2.99%
    
2,050
 
Affiliated Managers Group, Inc.*
  
184,910
4,550
 
Nuveen Investments, Inc. - Class A
  
204,340
4,950
 
SEI Investments Co.
 
224,681
       
613,931
         
   
Auto Systems/Building Controls - 1.16%
    
2,800
 
Johnson Controls, Inc.
 
238,476
         
   
Banks - 10.76%
    
8,100
 
Bank of America Corp.
 
392,040
7,500
 
Citigroup, Inc.
 
369,750
8,700
 
J.P. Morgan Chase & Co.
 
370,968
7,850
 
Marshall & Ilsley Corp.
 
355,919
5,600
 
Wells Fargo & Co.
 
371,672
4,300
 
Zions Bancorporation
 
348,429
       
2,208,778
         
   
Chemicals - Specialty - 1.45%
    
7,700
 
Ecolab, Inc.
 
298,067
         
   
Communications Equipment - 3.82%
    
13,900
 
Corning, Inc.*
  
337,075
11,000
 
Juniper Networks, Inc.*
  
175,230
6,000
 
QUALCOMM, Inc.
 
271,260
       
783,565
         
   
Computer Hardware - 2.70%
    
4,600
 
Apple Computer, Inc.*
  
274,942
3,500
 
International Business Machines Corp.
 
279,650
       
554,592
         
   
Computer Software - 1.82%
    
5,100
 
Autodesk, Inc.*
  
185,589
8,300
 
Microsoft Corp.
 
187,995
       
373,584
         
   
Computer Storage & Peripherals - 1.40%
    
8,950
 
Network Appliance, Inc.*
  
286,400
         
   
Containers & Packaging - 0.98%
    
5,400
 
Ball Corp.
 
202,068
         
   
Diversified Financial Services - 6.58%
    
2,700
 
The Goldman Sachs Group, Inc.
 
407,565
2,925
 
Legg Mason, Inc.
 
280,595
4,600
 
Merrill Lynch & Co., Inc.
 
333,086
5,300
 
State Street Corp.
 
329,130
       
1,350,376
         
   
Electric Utilities - 1.08%
    
3,900
 
Exelon Corp.
 
220,779
         
   
Electrical Equipment - 1.85%
    
4,600
 
Emerson Electric Co.
 
379,592
         
   
Energy Equipment & Services - 3.27%
    
1,550
 
Baker Hughes, Inc.
 
133,765
1,800
 
Halliburton Co.
 
134,262
2,000
 
Oceaneering International, Inc.*
  
150,000
2,250
 
Schlumberger Ltd.#
  
147,532
1,300
 
Transocean, Inc.*#
  
105,781
       
671,340
         
   
Food Distributors - 1.07%
    
7,200
 
Sysco Corp.
 
220,176
         
 
  
Food Products - 5.62%
    
2,600
 
Bunge Ltd.#
  
147,160
7,900
 
Dean Foods Co.*
  
282,030
2,500
 
General Mills, Inc.
 
129,725
3,500
 
Hershey Foods Corp.
 
199,185
2,700
 
Kellogg Co.
 
127,170
5,875
 
Wm. Wrigley Jr. Co. - Class B
  
268,605
       
1,153,875
         
   
Household Products - 2.82%
    
3,550
 
Church & Dwight Co., Inc.
 
128,333
5,300
 
Colgate-Palmolive Co.
 
319,802
2,500
 
Energizer Holdings, Inc.*
  
130,650
       
578,785
         
   
Industrial Gases - 0.92%
    
3,600
 
Praxair, Inc.
 
189,720
         
   
Industrial Machinery - 3.65%
    
6,400
 
Caterpillar, Inc.
 
466,880
2,250
 
Illinois Tool Works, Inc.
 
111,713
3,900
 
Ingersoll-Rand Co. Ltd. - Class A#
  
170,079
       
748,672
         
   
Insurance - Multi-Line - 1.39%
    
4,700
 
American International Group, Inc.
 
285,760
         
   
Insurance Brokers - 0.97%
    
6,550
 
Brown & Brown, Inc.
 
199,578
         
   
Internet Software & Services - 0.61%
    
4,700
 
j2 Global Communications, Inc.*
  
124,832
         
   
IT Consulting & Services - 1.69%
    
2,500
 
Infosys Technologies Ltd. - ADR
 
176,500
5,300
 
Satyam Computer Services Ltd. - ADR
 
170,501
       
347,001
         
   
Media - 1.16%
    
4,600
 
The McGraw-Hill Companies, Inc.
 
237,360
         
   
Multiline Retail - 1.72%
    
9,600
 
Nordstrom, Inc.
 
353,568
         
   
Networking Equipment - 1.69%
    
17,620
 
Cisco Systems, Inc.*
  
346,762
         
   
Oil & Gas - 6.94%
    
6,350
 
Chevron Corp.
 
379,667
6,046
 
ConocoPhillips
 
382,651
6,800
 
Exxon Mobil Corp.
 
414,188
1,325
 
Suncor Energy, Inc.#
  
107,497
2,300
 
Valero Energy Corp.
 
141,105
       
1,425,108
         
   
Oil & Gas Exploration & Production - 0.55%
    
3,200
 
Helix Energy Solutions Group, Inc.*
  
113,472
         
   
Retail - Home Improvement - 2.48%
    
8,700
 
Fastenal Co.
 
374,100
2,150
 
Lowe's Cos., Inc.
 
133,902
       
508,002
         
   
Semiconductor Equipment - 0.80%
    
4,000
 
KLA-Tencor Corp.
 
164,160
         
   
Semiconductors - 6.22%
    
10,100
 
Applied Materials, Inc.
 
170,791
4,850
 
Broadcom Corp. - Class A*
  
163,978
10,800
 
Intel Corp.
 
194,616
1,900
 
Linear Technology Corp.
 
64,125
6,100
 
Marvell Technology Group Ltd.*#
  
290,787
1,700
 
Maxim Integrated Products, Inc.
 
52,241
10,900
 
Texas Instruments, Inc.
 
340,407
       
1,276,945
         
   
Services - Data Processing - 2.31%
    
7,200
 
First Data Corp.
 
331,992
3,850
 
Paychex, Inc.
 
141,334
       
473,326
         
   
Specialty Retail - 4.13%
    
8,100
 
Coach, Inc.*
  
235,548
3,800
 
Nike, Inc. - Class B
 
305,178
13,025
 
Staples, Inc.
 
305,957
       
846,683
         
   
Systems Software - 0.97%
    
4,850
 
MICROS Systems, Inc.*
  
199,578
         
   
Transportation - 1.14%
    
2,140
 
FedEx Corp.
 
233,838
         
   
TOTAL COMMON STOCKS (Cost $16,722,517)
  
19,202,515
         
Shares
 
SHORT-TERM INVESTMENTS - 6.68%
  
Value
         
1,371,017
 
Federated Cash Trust Treasury Money Market Fund (Cost $1,371,017)
  
1,371,017
         
   
Total Investments in Securities (Cost $18,093,534) - 100.23%
  
20,573,532
   
Liabilities in Excess of Other Assets - (0.23)%
  
(47,033)
   
Net Assets - 100.00%
$
20,526,499
         
* Non-income producing security.
    
# U.S. security of a foreign issuer.
    
ADR - American Depository Receipt
    
         
         
 
The cost basis of investments for federal income tax purposes at May 31, 2006 was as follows*:

Cost of investments
$
18,203,446
     
Gross unrealized appreciation
$
3,216,481
Gross unrealized depreciation
  
(846,395)
Net unrealized appreciation
$
2,370,086
     

*Because tax adjustments are calculated annually, the above table reflects the tax adjustments outstanding at the Fund’s previous fiscal year end. For the previous fiscal year’s federal income tax information, please refer to the Notes to Financial Statements section in the Fund’s most recent 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   7/19/06                                                              



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   7/19/06                                                              

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

Date   7/26/06                                                              

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