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

As filed with the Securities and Exchange Commission on [date]



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
615 E. 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: February 28, 2007



Date of reporting period: November 30, 2006 
 
 
Item 1. Schedule of Investments.
 
American Trust Allegiance Fund
       
Schedule of Investments at November 30, 2006 (Unaudited)
       
             
Shares
 
COMMON STOCKS - 93.65%
    
Value
 
             
   
Aerospace & Defense - 1.18%
        
3,000
 
L-3 Communications Holdings, Inc.
 
$
246,750
  
             
   
Agricultural Products - 1.88%
        
11,200
 
Archer-Daniels-Midland Co.
   
393,120
  
             
   
Asset Management - 3.58%
        
3,250
 
Affiliated Managers Group, Inc.*
    
331,858
  
7,150
 
SEI Investments Co.
   
416,059
  
         
747,917
  
             
   
Automobiles - 2.22%
        
6,300
 
Harley-Davidson, Inc.
   
464,751
  
             
   
Banks - 5.10%
        
7,500
 
Citigroup, Inc.
   
371,925
  
7,850
 
Marshall & Ilsley Corp.
   
359,451
  
4,300
 
Zions Bancorporation
   
336,432
  
         
1,067,808
  
             
   
Business Services - 1.58%
        
8,300
 
Fidelity National Information Services, Inc.
    
331,170
  
   
 
        
   
Chemicals - Specialty - 4.80%
        
7,700
 
Ecolab, Inc.
   
341,495
  
12,700
 
Rohm and Haas Co.
   
663,194
  
   
 
    
1,004,689
  
   
 
        
   
Commercial Services & Supplies - 3.88%
        
11,900
 
Herman Miller, Inc.
   
417,809
  
9,500
 
Republic Services, Inc.
   
394,060
  
   
 
    
811,869
  
   
 
        
   
Communications Equipment - 3.73%
        
9,400
 
Corning, Inc.*
    
202,664
  
15,800
 
QUALCOMM, Inc.
   
578,122
  
   
 
    
780,786
  
   
 
        
   
Computer Hardware - 3.55%
        
4,600
 
Apple Computer, Inc.*
    
421,728
  
3,500
 
International Business Machines Corp.
   
321,720
  
   
 
    
743,448
  
   
 
        
   
Computer Software - 4.06%
        
5,100
 
Autodesk, Inc.*
    
210,018
  
21,800
 
Microsoft Corp.
   
639,394
  
   
 
    
849,412
  
   
 
        
   
Computer Storage & Peripherals - 1.19%
        
6,370
 
Network Appliance, Inc.*
    
249,768
  
             
   
Construction & Engineering - 2.60%
        
2,400
 
Fluor Corp.
   
208,992
  
4,000
 
Jacobs Engineering Group, Inc.*
    
335,480
  
         
544,472
  
             
   
Containers & Packaging - 1.10%
        
5,400
 
Ball Corp.
   
230,904
  
             
   
Diversified Financial Services - 6.56%
        
2,020
 
The Goldman Sachs Group, Inc.
   
393,496
  
6,800
 
Legg Mason, Inc.
   
648,448
  
5,300
 
State Street Corp.
   
329,289
  
   
 
    
1,371,233
  
             
   
Electrical Equipment - 1.04%
        
2,500
 
Emerson Electric Co.
   
216,750
  
             
   
Energy Equipment & Services - 3.40%
        
7,400
 
Halliburton Co.
   
249,676
  
6,750
 
Schlumberger Ltd.#
    
462,240
  
         
711,916
  
             
   
Food Products - 8.21%
        
9,900
 
Dean Foods Co.*
    
423,918
  
7,400
 
General Mills, Inc.
   
414,030
  
7,700
 
Hershey Foods Corp.
   
407,869
  
9,000
 
Wm. Wrigley Jr. Co. - Class B
   
471,960
  
         
1,717,777
  
             
   
Household Products - 5.20%
        
10,450
 
Church & Dwight Co., Inc.
   
437,959
  
10,000
 
Colgate-Palmolive Co.
   
650,500
  
   
 
    
1,088,459
  
   
 
        
   
Industrial Machinery - 4.93%
        
3,100
 
Caterpillar, Inc.
   
192,293
  
12,550
 
Illinois Tool Works, Inc.
   
592,360
  
6,300
 
Ingersoll-Rand Co. Ltd. - Class A#
    
245,763
  
         
1,030,416
  
             
   
Insurance - Multi-Line - 1.58%
        
4,700
 
American International Group, Inc.
   
330,504
  
   
 
        
   
Multiline Retail - 1.01%
        
4,300
 
Nordstrom, Inc.
   
210,786
  
   
 
        
   
Networking Equipment - 2.33%
        
18,120
 
Cisco Systems, Inc.*
    
487,066
  
   
 
        
   
Oil & Gas - 9.93%
        
6,100
 
BP plc - ADR
   
415,288
  
7,150
 
Chevron Corp.
   
517,088
  
6,846
 
ConocoPhillips
   
460,736
  
5,900
 
Exxon Mobil Corp.
   
453,179
  
2,925
 
Suncor Energy, Inc.#
    
231,133
  
   
 
    
2,077,424
  
   
 
        
   
Semiconductor Equipment - 1.06%
        
4,300
 
KLA-Tencor Corp.
   
222,181
  
   
 
        
   
Semiconductors - 2.01%
        
10,800
 
Intel Corp.
   
230,580
  
6,450
 
Texas Instruments, Inc.
   
190,597
  
   
 
    
421,177
  
   
 
        
   
Services - Data Processing - 0.73%
        
3,850
 
Paychex, Inc.
   
151,729
  
   
 
        
   
Specialty Retail - 4.03%
        
4,600
 
Nike, Inc. - Class B
   
455,170
  
15,225
 
Staples, Inc.
   
387,781
  
   
 
    
842,951
  
   
 
        
   
Transportation - 1.18%
        
2,140
 
FedEx Corp.
   
247,020
  
   
 
    
 
  
   
TOTAL COMMON STOCKS (Cost $17,190,841)
    
19,594,253
  
             
Shares
 
SHORT-TERM INVESTMENTS - 6.39%
    
Value
 
             
1,336,966
 
Federated Cash Trust Treasury Money Market Fund (Cost $1,336,966)
    
1,336,966
  
             
   
Total Investments in Securities (Cost $18,527,807) - 100.04%
    
20,931,219
  
   
Liabilities in Excess of Other Assets - (0.04)%
    
(8,598
 )
   
Net Assets - 100.00%
  
$
20,922,621
  
   
 
        
* 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 November 30, 2006 was as follows**:

Cost of investments
$
18,637,719
  
       
Gross unrealized appreciation
$
2,577,469
  
Gross unrealized depreciation
  
(283,969
 )
Net unrealized appreciation
$
2,293,500
  
       

**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 1940 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        1/16/07                                                                                              



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        1/16/07                                                                                              

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

Date        1/18/07                                                                                              

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