NPORT-EX 2 mcv3.htm

Huber Mid Cap Value Fund
  
Schedule of Investments
  
July 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 92.0%
  
Shares
    
Value
  
Aerospace & Defense - 1.7%
        
Northrop Grumman Corp.
    
400
    
$
193,728
  
                 
Asset Management - 0.2%
          
Virtus Investment Partners, Inc.
    
109
      
24,634
  
                 
Automotive - 5.9%
          
Goodyear Tire & Rubber Co. (a)
    
8,100
      
94,770
  
Miller Industries, Inc.
    
8,585
      
583,265
  
             
678,035
  
                 
Banking - 18.7%
          
Citigroup, Inc.
    
6,300
      
408,744
  
First Citizens BancShares, Inc. - Class A
    
350
      
730,692
  
First Horizon Corp.
    
21,417
      
358,306
  
South State Corp.
    
2,052
      
203,086
  
Truist Financial Corp.
    
10,000
      
446,900
  
             
2,147,728
  
                 
Biotech & Pharmaceuticals - 0.9%
          
GSK PLC - ADR
    
2,800
      
108,556
  
                 
Chemicals - 3.2%
          
Innospec, Inc.
    
2,788
      
365,618
  
                 
Consumer Services - 5.3%
          
Upbound Group Inc.
    
16,200
      
611,226
  
                 
Electric Utilities - 0.4%
          
Entergy Corp.
    
400
      
46,388
  
                 
Food - 0.3%
          
Conagra Brands, Inc.
    
700
      
21,224
  
Lamb Weston Holdings, Inc.
    
266
      
15,965
  
             
37,189
  
                 
Health Care Facilities & Services - 4.0%
          
Select Medical Holdings Corp.
    
2,200
      
87,472
  
Tenet Healthcare Corp. (a)
    
2,500
      
374,250
  
             
461,722
  
                 
Industrial Support Services - 3.3%
          
United Rentals, Inc.
    
500
      
378,550
  
                 
Insurance - 1.4%
          
CNO Financial Group, Inc.
    
4,510
      
157,219
  
                 
Internet - 3.8%
          
F5 Networks, Inc. (a)
    
1,200
      
244,368
  
VeriSign, Inc. (a)
    
1,000
      
187,010
  
             
431,378
  
                 
Internet Media & Services - 2.0%
          
Lyft, Inc. - Class A (a)
    
19,100
      
230,155
  
                 
Oil & Gas Producers - 15.2%
          
Cheniere Energy, Inc.
    
700
      
127,848
  
Golar LNG Ltd.
    
27,339
      
954,131
  
New Fortress Energy, Inc.
    
16,000
      
315,840
  
W&T Offshore, Inc.
    
144,200
      
347,522
  
             
1,745,341
  
                 
Oil & Gas Services & Equipment - 4.6%
          
TETRA Technologies, Inc. (a)
    
142,924
      
533,107
  
                 
Specialty Finance - 4.4%
          
Enova International, Inc. (a)
    
5,904
      
510,519
  
                 
Technology Services - 11.2%
          
KBR, Inc.
    
15,894
      
1,058,381
  
Science Applications International Corp.
    
1,800
      
223,920
  
             
1,282,301
  
                 
Transportation & Logistics - 3.4%
          
FedEx Corp.
    
1,300
      
392,925
  
                 
Transportation Equipment - 2.1%
          
Commercial Vehicle Group, Inc. (a)
    
9,990
      
54,446
  
General Motors Co.
    
4,300
      
190,576
  
             
245,022
  
TOTAL COMMON STOCKS (Cost $6,050,168)
      
10,581,341
  
                 
REAL ESTATE INVESTMENT TRUSTS - 0.5%
                
Granite Real Estate Investment Trust
    
1,100
      
59,829
  
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $29,536)
      
59,829
  
                 
SHORT-TERM INVESTMENTS - 7.7%
                
Money Market Funds - 7.7%
                
First American Government Obligations Fund - Class X, 5.23% (b)
    
440,343
      
440,343
  
First American Treasury Obligations Fund - Class X, 5.20% (b)
    
440,343
      
440,343
  
TOTAL SHORT-TERM INVESTMENTS (Cost $880,686)
      
880,686
  
                 
TOTAL INVESTMENTS - 100.2% (Cost $6,960,390)
      
11,521,856
  
Liabilities in Excess of Other Assets - (0.2)%
      
(23,911
)
TOTAL NET ASSETS - 100.0%
          
$
11,497,945
  
                 
Percentages are stated as a percent of net assets.
          

ADR - American Depositary Receipt
PLC - Public Limited Company

(a)
Non-income producing security.
(b)
The rate shown represents the 7-day annualized effective yield as of July 31, 2024.
Summary of Fair Value Disclosure as of July 31, 2024 (Unaudited)
 
Huber Mid Cap Value Fund has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
 
Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.
 
Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.
 
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2024:

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
10,581,341
    
$
–
    
$
–
    
$
10,581,341
  
  Real Estate Investment Trusts
    
59,829
      
–
      
–
      
59,829
  
  Money Market Funds
    
880,686
      
–
      
–
      
880,686
  
Total Investments
  
$
11,521,856
    
$
–
    
$
–
    
$
11,521,856
  
   
Refer to the Schedule of Investments for further disaggregation of investment categories.