N-Q 1 chase_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS chase_nq.htm
As filed with the Securities and Exchange Commission on August 27, 2007



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) 765-6609
Registrant's telephone number, including area code



Date of fiscal year end: September 30, 2007



Date of reporting period:  June 30, 2007

Item 1. Schedule of Investments.
Chase Growth Fund
    
Schedule of Investments
    
at June 30, 2007 (Unaudited)
    
         
Shares
      
 Value
   
COMMON STOCKS - 96.9%
    
   
Aerospace/Aircraft - 1.4%
    
66,800
  
Precision Castparts Corp.
$
         8,106,848
   
Asset Management - 1.3%
    
56,300
  
Franklin Resources, Inc.
  
            7,458,061
   
Beverage - 8.0%
    
460,600
  
The Coca-Cola Co.
  
          24,093,986
359,400
  
PepsiCo, Inc.
  
          23,307,090
       
          47,401,076
   
Biotechnology - 4.0%
    
607,600
  
Gilead Sciences, Inc.*
  
          23,556,652
   
Chemicals - Fertilizers - 1.3%
    
101,400
  
Potash Corporation of Saskatchewan Inc.
  
            7,906,158
   
Chemicals - Specialty - 2.4%
    
194,800
  
Praxair, Inc.
  
          14,023,652
   
Computer Hardware - 6.8%
    
1,241,300
  
EMC Corp.*
  
          22,467,530
390,600
  
Hewlett-Packard Co.
  
          17,428,572
       
          39,896,102
   
Computer - Networking - 4.1%
    
870,300
  
Cisco Systems, Inc.*
  
          24,237,855
   
Computer Software & Services - 6.5%
    
893,700
  
Microsoft Corp.
  
          26,337,339
615,000
  
Oracle Corp.*
  
          12,121,650
       
          38,458,989
   
Conglomerates - 4.1%
    
338,800
  
United Technologies Corp.
  
          24,031,084
   
Defense - 9.3%
    
294,000
  
General Dynamics Corp.
  
          22,996,680
156,300
  
Lockheed Martin Corp.
  
          14,712,519
241,800
  
Rockwell Collins, Inc.
  
          17,080,752
       
          54,789,951
   
Energy/Integrated - 4.8%
    
336,400
  
Exxon Mobil Corp.
  
          28,217,232
   
Energy/Oil Service - 1.6%
    
110,000
  
Schlumberger Ltd.
  
            9,343,400
   
Financial/Information Services - 2.0%
    
170,700
  
The McGraw-Hill Companies, Inc.
  
          11,621,256
   
Insurance - Life - 5.2%
    
121,600
  
Hartford Financial Services Group, Inc.
  
          11,978,816
139,200
  
Lincoln National Corp.
  
            9,876,240
134,700
  
Metlife, Inc.
  
            8,685,456
       
          30,540,512
   
Leisure Time - 3.5%
    
609,000
  
Walt Disney Co.
  
          20,791,260
   
Machinery - 5.4%
    
128,200
  
Danaher Corp.
  
            9,679,100
182,000
  
Deere & Co.
  
          21,974,680
       
          31,653,780
   
Medical Products - 6.9%
    
157,100
  
Baxter International, Inc.
  
            8,851,014
193,500
  
St. Jude Medical, Inc.*
  
            8,028,315
188,100
  
Stryker Corp.
  
          11,867,229
137,900
  
Zimmer Holdings, Inc.*
  
          11,706,331
       
          40,452,889
   
Restaurants - 4.0%
    
470,800
  
McDonald's Corp.
  
          23,897,808
   
Retail - Drug Stores - 1.0%
    
170,100
  
CVS/Caremark Corp.
  
            6,200,145
   
Semiconductors - 1.0%
    
138,100
  
NVIDIA Corp.*
  
            5,704,911
   
Service Companies - 3.3%
    
461,000
  
Accenture Ltd. - Class A
  
          19,772,290
   
Technology/Miscellaneous - 1.3%
    
104,300
  
Garmin Ltd.
  
            7,715,071
   
Wireless Telecommunication - 7.7%
    
397,900
  
America Movil SAB de CV - ADR
  
          24,641,947
255,200
  
China Mobile Ltd. - ADR
  
          13,755,280
112,000
  
Mobile TeleSystems - ADR*
  
            6,783,840
       
          45,181,067
   
TOTAL COMMON STOCKS (Cost $500,021,295)
  
        570,958,049
         
   
SHORT-TERM INVESTMENTS - 3.0%
    
17,426,319
  
Federated Cash Trust Treasury Money Market Fund
  
          17,426,319
   
TOTAL SHORT-TERM INVESTMENTS (Cost $17,426,319)
  
          17,426,319
   
Total Investments in Securities (Cost $517,447,614) - 99.9%
  
     588,384,368
   
Other Assets in Excess of Liabilities - 0.1%
  
             791,730
   
NET ASSETS - 100.0%
$
  589,176,098
         
ADR - American Depositary Receipt
    
* Non-income producing security.
    

       
The cost basis of investments for federal tax purposes at June 30, 2007 was as follows**:
  
       
Cost of investments
 $
517,494,697
  
Gross unrealized appreciation
 $
74,401,156
  
Gross unrealized depreciation
  
-3,511,485
  
Net unrealized appreciation
 $
70,889,671
  
       
**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, 2007 (Unaudited)
    
         
Shares
      
 Value
   
COMMON STOCKS - 99.0%
    
   
Aerospace/Aircraft - 2.7%
    
6,700
  
Precision Castparts Corp.
 $
             813,112
   
Apparel - 5.8%
    
13,200
  
Phillips-Van Heusen Corp.
  
               799,524
10,200
  
VF Corp.
  
               934,116
       
            1,733,640
   
Asset Management - 1.5%
    
15,400
  
SEI Investments Co.
  
               447,216
   
Auto/Auto Parts - 2.0%
    
16,000
  
O'Reilly Automotive, Inc.*
  
               584,800
   
Business Services - 1.1%
    
5,400
  
Portfolio Recovery Associates, Inc.*
  
               324,108
   
Chemicals - Specialty - 5.4%
    
21,900
  
Airgas, Inc.
  
            1,049,010
13,500
  
Sigma-Aldrich Corp.
  
               576,045
       
            1,625,055
   
Computer Software & Services - 3.8%
    
9,400
  
Autodesk, Inc.*
  
               442,552
12,600
  
MICROS Systems, Inc.*
  
               685,440
       
            1,127,992
   
Containers - 2.7%
    
15,400
  
Ball Corp.
  
               818,818
   
Defense - 4.7%
    
3,200
  
Alliant Techsystems Inc.*
  
               317,280
15,300
  
Rockwell Collins, Inc.
  
            1,080,792
       
            1,398,072
   
Educational Services - 1.6%
    
4,100
  
ITT Educational Services, Inc.*
  
               481,258
   
Electrical Equipment - 5.4%
    
20,700
  
Ametek, Inc.
  
               821,376
10,700
  
Anixter International, Inc.*
  
               804,747
       
            1,626,123
   
Energy/Oil & Gas Exploration & Production - 1.2%
    
9,200
  
Range Resources Corp.
  
               344,172
   
Energy/Oil Service - 4.5%
    
14,700
  
ENSCO International Inc.
  
               896,847
4,300
  
National Oilwell Varco, Inc.*
  
               448,232
       
            1,345,079
   
Finance/Banks - 5.8%
    
16,000
  
Northern Trust Corp.
  
            1,027,840
22,600
  
Synovus Financial Corp.
  
               693,820
       
            1,721,660
   
Finance/Information Services - 1.5%
    
10,000
  
Equifax Inc.
  
               444,200
   
Health Care Benefits - 2.5%
    
8,100
  
WellCare Health Plans, Inc.*
  
               733,131
   
Health Care Services - 4.0%
    
9,300
  
Humana, Inc.*
  
               566,463
8,000
  
Laboratory Corporation of America Holdings*
  
               626,080
       
            1,192,543
   
Household Products - 3.1%
    
19,000
  
Church & Dwight Co., Inc.
  
               920,740
   
Information Services - 5.9%
    
15,900
  
Fidelity National Information Services, Inc.
  
               863,052
16,000
  
Fiserv, Inc.*
  
               908,800
       
            1,771,852
   
Internet Retail - 2.6%
    
11,400
  
Priceline.com, Inc.*
  
               783,636
   
Machinery - 2.5%
    
12,000
  
Oshkosh Truck Corp.
  
               755,040
   
Medical Products - 2.4%
    
17,400
  
St. Jude Medical, Inc.*
  
               721,926
   
Office Equipment - 2.1%
    
33,900
  
Xerox Corp.*
  
               626,472
   
Railroad - 1.8%
    
12,100
  
CSX Corp.
  
               545,468
   
Real Estate Operations - 1.5%
    
3,900
  
Jones Lang LaSalle Inc.
  
               442,650
   
Restaurants - 2.5%
    
16,900
  
Darden Restaurants, Inc.
  
               743,431
   
Retail - Apparel - 1.9%
    
13,700
  
Aeropostale, Inc.*
  
               571,016
   
Retail - Department Store - 2.9%
    
17,100
  
Nordstrom, Inc.
  
               874,152
   
Retail - Specialty - 1.8%
    
9,500
  
Dick's Sporting Goods, Inc.*
  
               552,615
   
Service Companies - 4.5%
    
4,500
  
Huron Consulting Group Inc.*
  
               328,545
23,100
  
Stericycle, Inc.*
  
            1,027,026
       
            1,355,571
   
Technology/Miscellaneous - 2.5%
    
9,900
  
Garmin Ltd.
  
               732,303
   
Telecommunication Equipment - 2.1%
    
11,400
  
Harris Corp.
  
               621,870
   
Utilities - Electric/Gas - 2.7%
    
14,600
  
Energen Corp.
  
               802,124
   
TOTAL COMMON STOCKS (Cost $25,004,828)
  
          29,581,845
         
   
SHORT-TERM INVESTMENTS - 0.9%
    
262,317
  
Federated Cash Trust Treasury Money Market Fund
  
               262,317
   
TOTAL SHORT-TERM INVESTMENTS (Cost $262,317)
  
               262,317
   
Total Investments in Securities (Cost $25,267,145) - 99.9%
  
       29,844,162
   
Other Assets in Excess of Liabilities - 0.1%
  
               40,647
   
NET ASSETS - 100.0%
$
    29,884,809
         
* Non-income producing security.
    
         
 
The cost basis of investments for federal tax purposes at June 30, 2007 was as follows**: 
       
Cost of investments
 $
25,267,145
  
Gross unrealized appreciation
 $
4,638,335
  
Gross unrealized depreciation
  
-61,318
  
Net unrealized appreciation
 $
4,577,017
  
       
**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 Rule 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   8/22/2007                                                              



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   8/22/2007                                                              

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

Date   8/22/2007                                                              

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