-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Am5sw68qxw0gkIiwlvjwVj6yPS8ctn4gVCh3MfTkxqHcT5vDk/o1Lg8Vz99OhjQG R9C+pDu/NfIqjoeAF3UiAg== 0000950147-99-001479.txt : 19991229 0000950147-99-001479.hdr.sgml : 19991229 ACCESSION NUMBER: 0000950147-99-001479 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19991031 FILED AS OF DATE: 19991228 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORS SERIES TRUST CENTRAL INDEX KEY: 0001027596 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-07959 FILM NUMBER: 99781325 BUSINESS ADDRESS: STREET 1: 2020 E FINANCIAL WAY SUITE 100 CITY: GLENDORA STATE: CA ZIP: 91741 BUSINESS PHONE: 8188521033 MAIL ADDRESS: STREET 1: 2020 E FINANCIAL WAY STREET 2: SUITE 100 CITY: GLENDORA STATE: CA ZIP: 91741 NSAR-B 1 N-SAR-B OF EDGAR LOMAX VALUE FUND PAGE 1 000 B000000 10/31/99 000 C000000 0001027596 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0 000 J000000 A 001 A000000 ADVISORS SERIES TRUST 001 B000000 811-07959 001 C000000 6029521100 002 A000000 4455 E. 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N 026 G020000 N 026 H000000 N 027 000000 Y 077 A000000 Y 077 B000000 Y 077 Q010000 Y 078 000000 N 008 A000901 THE EDGAR LOMAX COMPANY 008 B000901 A 008 C000901 801-19358 008 D010901 SPRINGFIELD 008 D020901 VA 008 D030901 22150 010 A000901 INVESTMENT COMPANY ADMINISTRATION, LLC 010 C010901 PHOENIX 010 C020901 AZ 010 C030901 85018 011 A000901 FIRST FUND DISTRIBUTORS, INC. 011 B000901 8-42809 011 C010901 PHOENIX 011 C020901 AZ 011 C030901 85018 012 A000901 AMERICAN DATA SERVICES 012 B000901 84-1964 012 C010901 HAUPPAUGE PAGE 3 012 C020901 NY 012 C030901 11788 013 A000901 PRICEWATERHOUSECOOPERS, LLP 013 B010901 NEW YORK 013 B020901 NY 013 B030901 10017 015 A000901 FIRSTAR BANK, NA 015 B000901 C 015 C010901 CINCINNATI 015 C020901 OH 015 C030901 45202 015 E010901 X 018 000900 Y 019 A000900 N 019 B000900 0 024 000900 N 025 D000901 0 025 D000902 0 025 D000903 0 025 D000904 0 025 D000905 0 025 D000906 0 025 D000907 0 025 D000908 0 028 A010900 1 028 A020900 0 028 A030900 0 028 A040900 21 028 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072BB000900 0 072CC010900 91 072CC020900 0 072DD010900 21 072DD020900 0 072EE000900 13 073 A010900 0.0700 073 A020900 0.0000 073 B000900 0.0400 073 C000900 0.0000 074 A000900 0 074 B000900 0 074 C000900 51 074 D000900 0 074 E000900 0 074 F000900 4231 074 G000900 0 074 H000900 0 074 I000900 0 074 J000900 0 074 K000900 3 074 L000900 5 PAGE 8 074 M000900 1 074 N000900 4291 074 O000900 0 074 P000900 0 074 Q000900 0 074 R010900 0 074 R020900 0 074 R030900 0 074 R040900 24 074 S000900 0 074 T000900 4267 074 U010900 360 074 U020900 0 074 V010900 11.85 074 V020900 0.00 074 W000900 0.0000 074 X000900 62 074 Y000900 0 075 A000900 0 075 B000900 4267 076 000900 0.00 080 A000900 ICI MUTUAL INSURANCE COMPANY 080 C000900 450 081 A000900 Y 081 B000900 21 082 A000900 Y 082 B000900 25 083 A000900 N 083 B000900 0 084 A000900 N 084 B000900 0 085 A000900 Y 085 B000900 N SIGNATURE SCOTT WARNER TITLE ASSISTANT TREASURER EX-27.9 2 FINANCIAL DATA SCHEDULE
6 1027596 ADVISORS SERIES TRUST 9 EDGAR LOMAX VALUE FUND 1 U.S. DOLLARS 12-MOS OCT-31-1999 NOV-01-1998 OCT-31-1999 1 4,022,747 4,281,511 7,443 1,942 0 4,290,896 0 0 24,318 24,318 0 3,765,371 360,088 305,456 26,510 0 215,933 0 258,764 4,266,578 93,062 2,423 0 65,194 30,291 217,244 91,218 338,753 0 21,112 12,685 0 69,273 15,423 782 972,744 19,206 11,374 0 0 37,229 0 135,156 3,727,669 10.78 0.08 1.10 0.07 0.04 0 11.85 0.75
EX-99.1 3 INTERNAL CONTROL LETTER REPORT OF INDEPENDENT ACCOUNTANTS TO THE BOARD OF TRUSTEES ADVISORS SERIES TRUST In planning and performing our audit of the financial statements of Edgar Lomax Value Fund series of Advisors Series Trust, for the year ended October 31, 1999, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of Advisors Series Trust is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of October 31, 1999. This report is intended solely for the information and use of the Board of Trustees, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ PricewaterhouseCoopers, L.L.P. PricewaterhouseCoopers, L.L.P. New York, New York December 2, 1999 EX-99.2 4 LETTER FROM MCGLADREY & PULLEN, LLP Edgar Lomax Value Fund Change in Independent Accountant On August 27, 1999, McGladrey & Pullen, LLP ("McGladrey") resigned as independent auditors of the Fund pursuant to an agreement by PricewaterhouseCoopers LLP ("PwC") to acquire McGladrey's investment company [ractice. The McGladrey partners and professionals serving the Fund at the time of the acquisition joined PwC. The reports of McGladrey on the financial statements of the Fund during the prior fiscal year contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. In connection with its audit for the period from December 12, 1997 (commencement of operations) through October 31, 1998, there were no disagreements with McGladrey on any matter of accounting principle or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of McGladrey would have caused it to make reference to the subject matter of disagreement in connection with its report. On September 10, 1999, the Fund, with the approval of its board of Trustees and its audit committee, engaged PwC as its independent auditors. /s/ McGladrey & Pullen, LLP -----END PRIVACY-ENHANCED MESSAGE-----