-----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, Uls6FGQzZIOR6mz1mf8Y/gP+XcOhx7Pcy5WP7EVlv2OuXew3wgrX+PsHwe/XjrKN ySNl+2e2WcSeyig7Pvq1Bg== 0000894189-06-002170.txt : 20060829 0000894189-06-002170.hdr.sgml : 20060829 20060829105057 ACCESSION NUMBER: 0000894189-06-002170 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060630 FILED AS OF DATE: 20060829 DATE AS OF CHANGE: 20060829 EFFECTIVENESS DATE: 20060829 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: 061060791 BUSINESS ADDRESS: STREET 1: U.S BANCORP FUND SERVICES, LLC STREET 2: 615 E MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-5340 MAIL ADDRESS: STREET 1: 615 E MICHIGAN STREET STREET 2: MK-WI-LC2 CITY: MILWAUKEE STATE: WI ZIP: 53202 0001027596 S000005063 Midanek-Pak Ultrashort Duration Fund C000013848 Investor Class MPUSX N-Q 1 midanek_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS Quarterly Notice of Portfolio Holdings

As filed with the Securities and Exchange Commission on August 29, 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: September 30, 2006



Date of reporting period: June 30, 2006 

Item 1. Schedule of Investments.

Midanek/Pak Ultrashort Duration Fund
          
Schedule of Investments at June 30, 2006 (Unaudited)
          
   
PAR
   
VALUE
           
U.S. Government & Agency Securities - 80.7%
          
           
CMO - U.S. Government Agency Mortgage-Backed Securities - 21.0%
          
FHLMC Pool
          
6.50%, 11/01/07, Series 1838, Class H
$
58,692
 
$
59,067
4.46%, 11/15/07, Series 1422, Class FA (a)
  
61,081
   
60,912
6.50%, 02/15/09, Series 1703, Class GB
  
104,700
   
104,751
3.50%, 03/15/10, Series 2649, Class QA
  
16,617
   
16,577
4.50%, 01/15/11, Series 2643, Class LA
  
36,392
   
36,131
4.00%, 11/15/15, Series 2603, Class TB
  
83,101
   
82,841
4.00%, 10/15/16, Series 2594, Class QH
  
33,854
   
33,772
3.50%, 03/15/19, Series 2684, Class QM
  
66,935
   
66,519
4.00%, 04/15/21, Series 2591, Class PJ
  
47,132
   
46,770
3.50%, 10/15/23, Series 2723, Class QE
  
9,423
   
9,179
6.50%, 06/15/28, Series 2149, Class TK
  
16,752
   
16,751
FNMA Pool
          
3.50%, 04/25/12, Series 2003-55, Class CE
  
216,319
   
213,862
3.91%, 09/25/13, Series 1993-220, Class PF (a)
  
32,686
   
32,433
4.00%, 11/25/17, Series 2004-21, Class QA
  
79,243
   
78,383
3.00%, 04/25/18, Series 2003-84, Class PM
  
102,392
   
101,655
3.00%, 06/25/19, Series 2003-46, Class PQ
  
12,729
   
12,577
6.00%, 11/25/32, Series 2003-32, Class PM
  
6,655
   
6,634
4.50%, 07/25/33, Series 2003-129, Class PQ
  
50,996
   
50,548
5.00%, 10/25/35, Series 2005-86, Class KQ
  
91,736
   
91,415
5.00%, 10/25/35, Series 2005-87, Class CL
  
18,390
   
18,156
GNMA Pool
          
7.00%, 01/20/07, Series 2001-25, Class PT
  
38,127
   
38,130
5.25%, 11/20/30, Series 2002-88, Class HA
  
47,151
   
47,004
         
1,224,067
           
U.S. Government Agency Debentures - 32.4%
          
FHLB
         
4.17%, 09/14/06 (a)
  
100,000
   
99,973
4.01%, 10/27/06
  
220,000
   
219,000
4.82%, 02/23/07 (a)
  
120,000
   
120,000
4.36%, 09/06/07 (a)
  
250,000
   
249,837
FHLMC
          
6.70%, 01/05/07
  
280,000
   
281,555
4.50%, 05/17/07 (a)
  
30,000
   
29,734
5.2656%, 06/19/07 (a)
  
225,000
   
224,977
FNMA
          
4.00%, 08/08/06
  
130,000
   
129,874
4.375%, 10/15/06
  
65,000
   
64,812
5.00%, 01/15/07
  
375,000
   
373,884
3.64%, 06/29/07, Callable 12/30/06 @ 100
  
100,000
   
98,177
         
1,891,823
           
U.S. Government Agency Mortgage-Backed Securities - 21.0%
          
FHLMC Pool
          
6.078%, 02/01/26, #785601 (a)
  
302,946
   
309,443
5.171%, 03/01/32, #847003 (a)
  
13,180
   
13,463
FNMA Pool
          
4.49%, 11/01/26, #037029 (a)
  
36,740
   
36,743
GNMA Pool
          
4.375%, 03/20/16, #8108 (a)
  
53,499
   
53,567
4.75%, 08/20/17, #8254 (a)
  
83,231
   
83,334
4.125%, 12/20/21, #8883 (a)
  
17,778
   
17,845
4.375%, 03/20/22, #8936 (a)
  
26,027
   
26,070
4.75%, 09/20/22, #8052 (a)
  
219,512
   
219,757
4.125%, 12/20/22, #8096 (a)
  
33,710
   
33,848
4.375%, 05/20/23, #8198 (a)
  
33,362
   
33,355
4.75%, 08/20/23, #8269 (a)
  
128,493
   
128,678
4.75%, 08/20/24, #8482 (a)
  
272,388
   
272,771
         
1,228,874
           
U.S. Treasuries - 6.3%
          
U.S. Treasury Note
          
2.375%, 08/31/06
  
220,000
   
219,063
U.S. Treasury Note (TIPS)
          
3.875%, 01/15/09 (b)
  
147,397
   
152,671
         
371,734
           
Total U.S. Government & Agency Securities (Cost $4,725,676)
        
4,716,498
           
Asset-Backed Securities - 8.7%
          
           
Automotive - 5.0%
          
Daimler Chrysler
          
Series 2002-C, Class A4
          
3.09%, 01/08/08
  
83,579
   
83,542
Harley-Davidson Motorcycle
          
Series 2004-3, Class A1
          
2.31%, 03/15/09
  
13,777
   
13,706
Nissan
          
Series 2003-A, Class A3A
          
4.26%, 06/15/09 (a)
  
7,979
   
7,981
Onyx
          
Series 2004-B, Class A3
          
3.09%, 09/15/08
  
85,521
   
85,076
Volkswagen
          
Series 2003-2, Class A3
          
2.27%, 10/22/07
  
19,051
   
18,994
WFS Financial
          
Series 2004-2, Class A3
          
2.85%, 08/20/06
  
83,688
   
83,572
         
292,871
           
Credit Cards - 0.9%
          
Metris
          
Series 2004-1, Class A
          
4.4394%, 04/20/11 (a)
  
54,000
   
54,110
           
Equipment - 0.2%
          
CNH
          
Series 2003-B, Class A3B
          
2.47%, 01/15/08
  
10,296
   
10,250
           
Home Equity - 2.6%
          
Long Beach Mortgage
          
Series 2005-WL1, Class 2A1
          
4.9281%, 06/25/35 (a)
  
81,315
   
81,319
Specialty Underwriting & Residential Financial
          
Series 2005-BC1, Class A1A
          
5.1912%, 12/25/35 (a)
  
69,066
   
69,071
         
150,390
           
Total Asset-Backed Securities (Cost $506,954)
        
507,621
           
U.S. Government Agency Discount Notes - 4.3%
          
FFCB
          
4.95%, 07/06/06 (c)
  
250,000
   
249,828
           
Total U.S. Government Agency Discount Notes (Cost $249,828)
        
249,828
           
   
SHARES
     
           
Money Market Funds - 5.2%
          
SEI Daily Income Trust Government Fund - Class B
  
304,707
   
304,707
           
Total Money Market Funds (Cost $304,707)
        
304,707
           
           
Total Investments - 98.9%
          
(Cost $5,787,165)
        
5,778,654
Other Assets less Liabilities - 1.1%
        
62,494
Net Assets - 100.0%
      
$
5,841,148
           
           
(a) Variable Rate Security - The rate shown is the rate in effect as of June 30, 2006.
          
(b) U.S. Treasury Inflation-Protected Securities (TIPS) are securities in which the principal amount is adjusted for inflation and the
         
semi-annual interest payments equal a fixed percentage of the inflation-adjusted principal amount.
          
(c) The rate shown is the effective yield as of June 30, 2006.
          
 
          
CMO - Collateralized Mortgage Obligation
          
FFCB - Federal Farm Credit Bank
          
FHLB - Federal Home Loan Bank
          
FHLMC - Federal Home Loan Mortgage Corporation
          
FNMA - Federal National Mortgage Association
          
GNMA - Government National Mortgage Association
          
TIPS - Treasury Inflation-Protected Security
          
 
          

The cost basis of investments for federal income tax purposes at June 30, 2006 was as follows*:

Cost of investments
$
5,787,482
     
Gross unrealized appreciation
$
4,297
Gross unrealized depreciation
  
(13,125)
Net unrealized depreciation
$
(8,828)
     

*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 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 8/22/2006                                                   



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 8/22/2006                                                   


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

Date 8/22/2006                                                   

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

 EX-99.CERT 2 certs.htm OFFICER CERTIFICATIONS Officer Certifications

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) and internal control over financial reporting (as defined in Rule 30a-3(d) 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)  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(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)  
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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: 8/22/2006                        
/s/ Eric M. Banhazl            
 
Eric M. Banhazl, President


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) and internal control over financial reporting (as defined in Rule 30a-3(d) 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)  
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(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)  
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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: 8/22/2006                  
/s/ Douglas G. Hess             
 
Douglas G. Hess, Treasurer
-----END PRIVACY-ENHANCED MESSAGE-----