N-Q 1 sincere_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS 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
615 East Michigan St.
Milwaukee, WI 53202 

(Name and address of agent for service)


(414) 765-5340
Registrant's telephone number, including area code



Date of fiscal year end: April 30, 2007



Date of reporting period: July 31, 2006 
 
 
Item 1. Schedule of Investments. 
SINCERE ADVISOR SMALL CAP FUND
   
Schedule of Investments at July 31, 2006 (Unaudited)
   
         
         
Shares
  
COMMON STOCKS - 78.94%
  
Value
   
Airlines - 0.95%
    
450
  
Mesa Air Group, Inc. (a)
$
3,807
   
Commercial Banks - 1.05%
    
130
  
1st Source Corp.
 
4,217
   
Commercial Services & Supplies - 3.31%
    
380
  
Central Parking Corp.
 
5,844
190
  
John H. Harland Co.
 
7,469
       
13,313
   
Computer Integrated Systems Design - 2.01%
    
950
  
Datalink Corp. (a)
  
8,075
   
Computers & Peripherals - 1.24%
    
130
  
Komag, Inc. (a)
  
4,980
   
Consumer Finance - 1.41%
    
170
  
ASTA Funding, Inc.
 
5,676
   
Electronic Equipment & Instruments - 1.53%
    
250
  
Park Electrochemical Corp.
 
6,158
   
Energy Equipment & Services - 9.35%
    
850
  
Grey Wolf, Inc. (a)
  
6,511
100
  
Lufkin Industries, Inc.
 
6,201
300
  
RPC, Inc.
 
6,900
160
  
Veritas DGC, Inc. (a)
  
9,163
160
  
W-H Energy Services, Inc. (a)
  
8,803
       
37,578
   
Food & Staples Retailing - 1.68%
    
450
  
Spartan Stores, Inc.
 
6,750
   
Food Products - 2.10%
    
500
  
Premium Standard Farms, Inc.
 
8,450
   
Gas Utilities - 1.61%
    
130
  
New Jersey Resources Corp.
 
6,491
   
Health Care Providers & Services - 3.47%
    
350
  
Air Methods Corp. (a)
  
6,737
150
  
Magellan Health Services, Inc. (a)
  
7,211
       
13,948
   
Industrial Inorganic Chemicals - 2.37%
    
320
  
GenTek, Inc. (a)
  
9,520
   
Insurance - 4.99%
    
160
  
American Physicians Capital, Inc. (a)
  
7,414
460
  
CNA Surety Corp. (a)
  
8,395
80
  
Safety Insurance Group, Inc.
 
4,245
       
20,054
   
Internet Software & Services - 5.66%
    
950
  
EarthLink, Inc. (a)
  
6,849
800
  
RealNetworks, Inc. (a)
  
7,992
725
  
United Online, Inc.
 
7,910
       
22,751
   
IT Services - 4.47%
    
1,100
  
Sykes Enterprises, Inc. (a)
  
17,952
   
Leisure Equipment & Products - 0.82%
    
200
  
JAKKS Pacific, Inc. (a)
  
3,298
   
Machinery - 3.23%
    
210
  
Cascade Corp.
 
7,770
250
  
Hurco Companies, Inc. (a)
  
5,228
       
12,998
   
Metals & Mining - 2.83%
    
180
  
A.M. Castle & Co.
 
5,954
160
  
Schnitzer Steel Industries, Inc. - Class A
  
5,424
       
11,378
   
Oil & Gas - 7.99%
    
435
  
Edge Petroleum Corp. (a)
  
9,217
100
  
Giant Industries, Inc. (a)
  
7,141
280
  
OMI Corp. (b)
  
6,177
200
  
Swift Energy Co. (a)
  
9,600
       
32,135
   
Oil & Gas Field Exploration Services - 1.69%
    
510
  
Mitcham Industries, Inc. (a)
  
6,809
   
Oil, Gas & Consumable Fuels - 3.25%
    
160
  
Adams Resources & Energy, Inc.
 
6,459
100
  
PrimeEnergy Corp. (a)
  
6,611
       
13,070
   
Pharmaceuticals - 1.68%
    
300
  
Alpharma, Inc. - Class A
  
6,774
   
Road & Rail - 3.49%
    
165
  
Arkansas Best Corp.
 
7,331
150
  
Dollar Thrifty Automotive Group, Inc. (a)
  
6,714
       
14,045
   
Semiconductor & Semiconductor Equipment - 1.56%
    
390
  
Zoran Corp. (a)
  
6,260
   
Skilled Nursing Care Facilities - 1.65%
    
425
  
Advocat, Inc. (a)
  
6,630
   
Specialty Retail - 2.21%
    
100
  
The Buckle, Inc.
 
3,970
100
  
The Pantry, Inc. (a)
  
4,929
       
8,899
   
Sporting & Athletic Goods - 1.34%
    
350
  
Aldila, Inc.
 
5,394
         
   
TOTAL COMMON STOCKS (Cost $315,870)
  
317,410
         
   
SHORT-TERM INVESTMENTS - 20.92%
    
84,130
  
Short-Term Treasury Investment
  
84,130
   
TOTAL SHORT TERM INVESTMENTS (Cost $84,130)
  
84,130
         
   
Total Investments in Securities (Cost $400,000) - 99.86%
  
401,540
   
Other Assets in Excess of Liabilities - 0.14%
  
543
   
NET ASSETS - 100.00%
$
402,083
         
         
(a) Non-income producing security.
    
(b) U.S. traded security of a foreign issuer.
    
 
 
The cost basis of investments for federal income tax purposes at July 31, 2006 was as follows**:

Cost of investments
$
400,000
     
Gross unrealized appreciation
$
13,999
Gross unrealized depreciation
  
(12,459)
Net unrealized appreciation
$
1,540
     

**Because tax adjustments are calculated annually, the above table does not reflect the tax adjustments outstanding.




 
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 09/26/06                                                                     



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 09/26/06                                                                    

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

Date 09/26/06                                                                    

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