N-Q 1 edgarlomax_nq.htm QUARTERLY NOTICE OF PORTFOLIO HOLDINGS edgarlomax_nq.htm
As filed with the Securities and Exchange Commission on September 26, 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 E. Michigan St.
Milwaukee, WI 53202
(Address of principal executive offices) (Zip code)



Douglas G. Hess
Advisors Series Trust
615 E. 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: October 31, 2007

 
Date of reporting period: July 31, 2007
 
Item 1. Schedule of Investments.
 
 EDGAR LOMAX VALUE FUND   
    
 Schedule of Investments at July 31, 2007 (Unaudited) 
    
            
Shares
  
COMMON STOCKS - 95.31% 
  
Value
   
Automobiles & Components - 1.07% 
    
8,900
  
General Motors Corp.  
$
 288,360
   
Banks - 3.53%  
    
14,500
  
Regions Financial Corp.  
  
 436,015
15,200
  
Wells Fargo & Co.  
  
 513,304
          
 949,319
   
Capital Goods - 10.69%  
    
7,000
  
3M Co.   
  
 622,440
5,200
  
General Dynamics Corp.  
  
 408,512
34,500
  
General Electric Co.  
  
 1,337,220
8,800
  
Honeywell International, Inc. 
  
 506,088
          
 2,874,260
   
Consumer Durables & Apparel - 2.19% 
    
6,800
  
The Black & Decker Corp.  
  
 588,676
   
Diversified Financials - 16.35% 
    
11,900
  
Bank of America Corp.  
  
 564,298
23,100
  
Citigroup, Inc.  
  
 1,075,767
4,800
  
Discover Financial Services (a) 
  
 110,640
1,200
  
The Goldman Sachs Group, Inc. 
  
 226,008
26,165
  
J.P. Morgan Chase & Co.  
  
 1,151,521
1,300
  
Lehman Brothers Holdings, Inc. 
  
 80,600
8,100
  
Merrill Lynch & Co., Inc.  
  
 601,020
9,200
  
Morgan Stanley  
  
 587,604
          
        4,397,458
   
Energy - 12.66%  
    
5,200
  
Baker Hughes, Inc.  
  
 411,060
12,800
  
Chevron Corp.  
  
 1,091,328
13,100
  
ConocoPhillips  
  
 1,059,004
9,900
  
Exxon Mobil Corp.  
  
 842,787
          
 3,404,179
   
Food, Beverages & Tobacco - 4.97% 
    
14,950
  
Altria Group, Inc.  
  
 993,727
10,483
  
Kraft Foods, Inc. - Class A  
  
 343,318
          
 1,337,045
   
Healthcare Equipment & Services - 2.44%
    
12,700
  
Cigna Corp.   
  
 655,828
   
Insurance - 6.62%  
    
14,300
  
The Allstate Corp.  
  
 760,045
7,600
  
American International Group, Inc. 
  
 487,768
5,800
  
The Hartford Financial Services Group, Inc.
  
 532,846
          
 1,780,659
   
Materials - 8.50%  
    
18,200
  
Alcoa, Inc.   
  
 695,240
13,600
  
The Dow Chemical Co.  
  
 591,328
21,338
  
E. I. du Pont de Nemours and Co. 
  
 997,125
          
 2,283,693
   
Media - 1.29%  
    
18,000
  
Time Warner, Inc.  
  
 346,680
   
Pharmaceuticals, Biotechnology & Life Sciences - 8.72%  
    
23,700
  
Merck & Co., Inc.  
  
 1,176,705
49,700
  
Pfizer Inc.   
  
 1,168,447
          
 2,345,152
   
Retailing - 2.90%  
    
32,300
  
Limited Brands, Inc.  
  
 780,045
   
Technology Hardware & Equipment - 2.68%
    
6,500
  
International Business Machines Corp. 
  
 719,225
   
Telecommunication Services - 10.70% 
    
35,900
  
AT&T, Inc.   
  
 1,405,844
34,500
  
Verizon Communications, Inc. 
  
 1,470,390
          
 2,876,234
            
   
TOTAL COMMON STOCKS (Cost $23,122,655)
  
  25,626,813
            
          
Shares
  
SHORT-TERM INVESTMENTS - 4.57% 
  
 Value
1,230,225
  
AIM STIC Prime Portfolio  
  
 1,230,225
   
TOTAL SHORT-TERM INVESTMENTS (Cost $1,230,225)
  
  1,230,225 
            
   
Total Investments in Securities  (Cost $24,352,880) - 99.88%
  
 26,857,038
   
Other Assets in Excess of Liabilities - 0.12%
  
             31,171
   
NET ASSETS - 100.00%  
$
      26,888,209
            

(a) Non-income producing security.    

The cost basis of investments for federal income tax purposes at July 31, 2007 was as follows*:
  
         
Cost of investments
 $
    24,375,797
  
         
Gross unrealized appreciation  
 $
      3,514,814
  
Gross unrealized depreciation    
 (1,033,573)
  
Net unrealized appreciation  
 $
     2,481,241
  
 
  

* 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/Joe Redwine                                                 
Joe Redwine, Chief Executive Officer

Date  9/25/2007                                                                                                                                                                               



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/Joe Redwine                                                                                                                                              
Joe Redwine, Chief Executive Officer

Date  9/25/2007                                                                                                

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

Date  9/24/2007                                                                                                


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