N-Q 1 chasefunds_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 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: September 30, 2006


Date of reporting period: June 30, 2006 

 
 
 

Item 1. Schedule of Investments.

Chase Growth Fund
    
Schedule of Investments
    
at June 30, 2006 (Unaudited)
    
         
Shares
      
Value
   
COMMON STOCKS - 97.5%
    
   
Advertising - 1.0%
    
68,400
  
Omnicom Group, Inc.
$
6,093,756
   
Air Freight - 3.1%
    
168,600
  
FedEx Corp.
 
19,702,596
   
Beverage - 4.0%
    
428,900
  
PepsiCo, Inc.
 
25,751,156
   
Computer Hardware - 1.9%
    
388,700
  
Hewlett-Packard Co.
 
12,314,016
   
Computer Software & Services - 3.5%
    
1,532,100
  
Oracle Corp.*
  
22,200,129
   
Computer-Networking - 2.5%
    
822,800
  
Cisco Systems, Inc.*
  
16,069,284
   
Conglomerates - 6.9%
    
229,600
  
3M Co.
 
18,544,792
404,700
  
United Technologies Corp.
 
25,666,074
       
44,210,866
   
Defense - 6.9%
    
260,400
  
General Dynamics Corp.
 
17,045,784
244,800
  
Lockheed Martin Corp.
 
17,561,952
174,800
  
Rockwell Collins, Inc.
 
9,766,076
       
44,373,812
   
Drugs - Proprietary - 2.1%
    
244,500
  
Novartis AG - ADR
 
13,183,440
   
Electronics - 1.5%
    
137,900
  
Rockwell Automation, Inc.
 
9,930,179
   
Energy/Integrated - 2.7%
    
211,000
  
Suncor Energy, Inc.+
  
17,093,110
   
Energy/Oil Service - 9.5%
    
215,700
  
Baker Hughes, Inc.
 
17,655,045
335,200
  
Halliburton Co.
 
24,875,192
279,200
  
Schlumberger Ltd.+
  
18,178,712
       
60,708,949
   
Finance/Banks - 8.3%
    
459,800
  
Bank of America Corp.
 
22,116,380
88,600
  
UBS AG+
  
9,719,420
321,600
  
Wells Fargo & Co.
 
21,572,928
       
53,408,728
   
Food - 4.4%
    
380,800
  
Archer-Daniels-Midland Co.
 
15,719,424
263,700
  
Kellogg Co.
 
12,770,991
       
28,490,415
   
Gaming & Lodging - 0.7%
    
67,500
  
Harrah's Entertainment, Inc.
 
4,804,650
   
Health Care Services - 1.5%
    
160,900
  
Quest Diagnostics, Inc.
 
9,641,128
   
Hotel/Motel - 2.5%
    
426,000
  
Marriott International, Inc. - Class A
 
16,239,120
   
Household Products - 1.9%
    
208,500
  
Colgate-Palmolive Co.
 
12,489,150
   
Insurance - Life - 4.5%
    
311,800
  
Metlife, Inc.
 
15,967,278
165,800
  
Prudential Financial, Inc.
 
12,882,660
       
28,849,938
   
Machinery - 6.1%
    
359,700
  
Caterpillar, Inc.
 
26,790,456
195,500
  
Danaher Corp.
 
12,574,560
       
39,365,016
   
Metals - 2.8%
    
154,900
  
BHP Billiton Ltd. - ADR
 
6,671,543
127,300
  
Southern Copper Corp.
 
11,346,249
       
18,017,792
   
Metals - Precious - 1.3%
    
156,500
  
Newmont Mining Corp.
 
8,283,545
   
Office Products - 1.8%
    
472,000
  
Staples, Inc.
 
11,479,040
   
Railroad - 3.3%
    
395,300
  
Norfolk Southern Corp.
 
21,037,866
   
Retail - Department Store - 5.7%
    
296,700
  
J.C. Penney Co., Inc.
 
20,030,217
280,100
  
Kohl's Corp.*
  
16,559,512
       
36,589,729
   
Retail - Discount - 4.9%
    
169,300
  
Costco Wholesale Corp.
 
9,672,109
447,900
  
Wal-Mart Stores, Inc.
 
21,575,343
       
31,247,452
   
Utilities - Electric/Gas - 2.2%
    
246,300
  
Exelon Corp.
 
13,997,229
   
Total Common Stocks (Cost $585,578,157)
  
625,572,091
         
         
   
SHORT TERM INVESTMENTS - 2.6%
    
16,462,053
  
Vanguard Admiral Treasury Money Market Fund
  
16,462,053
   
Total Short-Term Investments (Cost $16,462,053)
  
16,462,053
   
Total Investments in Securities (Cost $602,040,210) - 100.1%
  
642,034,144
   
Liabilities in Excess of Other Assets - (0.1%)
  
(371,671)
   
Net Assets - 100.0%
 $
 641,662,473
         
ADR
 
American Depositary Receipt
    
*
 
Non-income producing security.
    
+
 
U.S. traded security of a foreign issuer.
    
         
 
The cost basis of investments for federal tax purposes at June 30, 2006 was as follows*:  
     
Cost of investments
 $
602,280,910
Gross unrealized appreciation
 $
47,971,693
Gross unrealized depreciation
  
-8218459
Net unrealized appreciation
 $
39,753,234
     
*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 or semi-annual report. 
 
 
 
 
 
 

Chase Mid-Cap Growth Fund
    
Schedule of Investments
    
at June 30, 2006 (Unaudited)
    
         
Shares
      
Value
   
COMMON STOCKS - 96.2%
    
   
Apparel - 2.5%
    
9,300
  
VF Corp.
 $
 631,656
   
Beverages - 3.4%
    
27,100
  
Pepsi Bottling Group, Inc.
 
871,265
   
Building - 1.5%
    
7,850
  
Florida Rock Industries, Inc.
 
389,910
   
Chemicals - Specialty - 2.0%
    
13,900
  
Airgas, Inc.
 
517,775
   
Computer Hardware - 1.8%
    
22,700
  
Western Digital Corp.*
  
449,687
   
Computer Software & Services - 2.8%
    
19,600
  
Amdocs Ltd *+
  
717,360
   
Defense - 3.0%
    
13,800
  
Rockwell Collins, Inc.
 
771,006
   
Educational Services - 2.5%
    
9,800
  
ITT Educational Services, Inc.*
  
644,938
   
Electrical Components - 5.7%
    
9,300
  
Thomas & Betts Corp.*
  
477,090
14,400
  
WESCO International, Inc.*
  
993,600
       
1,470,690
   
Electrical Equipment - 2.6%
    
13,800
  
Ametek, Inc.
 
653,844
   
Energy/Oil & Gas Exploration & Production - 2.2%
    
18,400
  
Chesapeake Energy Corp.
 
556,600
   
Energy/Oil Service - 3.4%
    
11,700
  
Helix Energy Solutions Group, Inc.*
  
472,212
8,900
  
Oceaneering International, Inc.*
  
408,065
       
880,277
   
Finance/Banks - 3.4%
    
8,900
  
Compass Bancshares, Inc.
 
494,840
6,600
  
Cullen/Frost Bankers, Inc.
 
378,180
       
873,020
   
Gaming & Lodging - 5.9%
    
6,600
  
Harrah's Entertainment, Inc.
 
469,788
27,100
  
Penn National Gaming, Inc.*
  
1,050,938
       
1,520,726
   
Health Care Benefits - 2.3%
    
12,000
  
WellCare Health Plans, Inc.*
  
588,600
   
Health Care Services - 8.9%
    
17,200
  
Covance Inc.*
  
1,052,984
26,000
  
PSS World Medical, Inc.*
  
458,900
12,600
  
Quest Diagnostics, Inc.
 
754,992
       
2,266,876
   
Information Services - 3.6%
    
15,600
  
Alliance Data Systems Corp.*
  
917,592
   
Insurance - Property/Casualty/Title - 3.0%
    
26,100
  
HCC Insurance Holdings, Inc.
 
768,384
   
Leisure Time - 3.4%
    
19,900
  
Pool Corp.
  
868,237
   
Machinery - 9.0%
    
14,500
  
Graco, Inc.
 
666,710
12,600
  
Joy Global, Inc.
 
656,334
20,700
  
Oshkosh Truck Corp.
 
983,664
       
2,306,708
   
Medical Products - 6.6%
    
24,900
  
Pharmaceutical Product Development, Inc.
 
874,488
17,300
  
ResMed, Inc.*
  
812,235
       
1,686,723
   
Metals - Precious - 2.8%
    
23,900
  
Goldcorp, Inc.+
  
722,258
   
Railroad - 2.0%
    
7,400
  
CSX Corp.
 
521,256
   
Retail - Specialty - 2.6%
    
17,800
  
Office Depot, Inc.*
  
676,400
   
Service Companies - 3.2%
    
12,500
  
Stericycle, Inc.*
  
813,750
   
Technology/Miscellaneous - 3.5%
    
8,400
  
Garmin Ltd.+
  
885,696
   
Telecommunication Equipment - 2.6%
    
15,800
  
Harris Corp.
 
655,858
   
TOTAL COMMON STOCKS (Cost $22,228,252)
  
24,627,092
   
SHORT-TERM INVESTMENTS - 13.0%
    
8,912
  
Federated Cash Trust Treasury Money Market Fund
 
8,912
3,317,349
  
Vanguard Admiral Treasury Money Market Fund
  
3,317,349
   
TOTAL SHORT-TERM INVESTMENTS (Cost $3,326,261)
  
3,326,261
   
Total Investments in Securities (Cost $25,554,513) - 109.2%
  
27,953,353
   
Liabilities in Excess of Other Assets - (9.2)%
  
(2,353,035)
   
Net Assets - 100.0%
 $
 25,600,318
         
*
 
Non-income producing security.
    
+
 
U.S. traded security of a foreign issuer.
    
         
 
The cost basis of investments for federal tax purposes at June 30, 2006 was as follows*:
     
Cost of investments
 $
25,554,513
Gross unrealized appreciation
 $
2,794,987
Gross unrealized depreciation
  
(396,147)
Net unrealized appreciation
 $
2,398,840
     
*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 or semi-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 8/24/06                                                                 



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 8/24/06                                                                 

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

Date 8/2406                                                                   

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