<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
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    <isConfidential>false</isConfidential>
    <filerInfo>

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        <issuerCredentials>
          <cik>0001027596</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000018428</seriesId>
        <classId>C000106240</classId>
        <classId>C000050920</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regFileNumber>811-07959</regFileNumber>
      <regCik>0001027596</regCik>
      <regLei>2549003Z0J6URS6I4Y63</regLei>
      <regStreet1>615 East Michigan Street</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>626-914-7363</regPhone>
      <seriesName>Huber Small Cap Value Fund</seriesName>
      <seriesId>S000018428</seriesId>
      <seriesLei>2549001F47L408DNN112</seriesLei>
      <repPdEnd>2026-10-31</repPdEnd>
      <repPdDate>2026-01-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
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      <totLiabs>572824.250000000000</totLiabs>
      <netAssets>89393121.900000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
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      <standByCommit>0.000000000000</standByCommit>
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        <monthlyTotReturns>
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        <othMon2 netRealizedGain="-719051.850000000000" netUnrealizedAppr="4739711.990000000000"/>
        <othMon3 netRealizedGain="42263.620000000000" netUnrealizedAppr="4122629.970000000000"/>
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          <indexIdentifier>N/A</indexIdentifier>

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        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Cipher Pharmaceuticals Inc</name>
        <lei>213800T44AN9XSAOY605</lei>
        <title>Cipher Pharmaceuticals Inc</title>
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          <isin value="CA17253X1050"/>
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        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
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      <invstOrSec>
        <name>Gulfport Energy Corp</name>
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        <title>Gulfport Energy Corp</title>
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          <ticker value="GPOR"/>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HomeTrust Bancshares Inc</name>
        <lei>N/A</lei>
        <title>HomeTrust Bancshares Inc</title>
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          <isin value="US4378721041"/>
          <ticker value="HTB"/>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NewtekOne Inc</name>
        <lei>549300YLU78IA8GKJ688</lei>
        <title>NewtekOne Inc</title>
        <cusip>652526203</cusip>
        <identifiers>
          <isin value="US6525262035"/>
          <ticker value="NEWT"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>KBR Inc</name>
        <lei>254900OFQDXZRKRCV808</lei>
        <title>KBR Inc</title>
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          <isin value="US48242W1062"/>
          <ticker value="KBR"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>O-I Glass Inc</name>
        <lei>N/A</lei>
        <title>O-I Glass Inc</title>
        <cusip>67098H104</cusip>
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          <isin value="US67098H1041"/>
          <ticker value="OI"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Upbound Group Inc</name>
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        <title>Upbound Group Inc</title>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Taylor Morrison Home Corp</name>
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        <title>Taylor Morrison Home Corp</title>
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          <ticker value="TMHC"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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      <invstOrSec>
        <name>Tenet Healthcare Corp</name>
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        <title>Tenet Healthcare Corp</title>
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          <ticker value="THC"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Starz Entertainment Corp</name>
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        <title>Starz Entertainment Corp</title>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Northrim BanCorp Inc</name>
        <lei>5493006X7RLLTZ3SG075</lei>
        <title>Northrim BanCorp Inc</title>
        <cusip>666762109</cusip>
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          <ticker value="NRIM"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Medical Facilities Corp</name>
        <lei>549300KHW6BB8F1NXK22</lei>
        <title>Medical Facilities Corp</title>
        <cusip>58457V503</cusip>
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          <isin value="CA58457V5036"/>
          <ticker value="DR"/>
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        <balance>2900.000000000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.361650000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        <name>Weave Communications Inc</name>
        <lei>N/A</lei>
        <title>Weave Communications Inc</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>H&amp;R Block Inc</name>
        <lei>549300CE3KUCWLZBG404</lei>
        <title>H&amp;R Block Inc</title>
        <cusip>093671105</cusip>
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          <ticker value="HRB"/>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Boston Pizza Royalties Income</name>
        <lei>5493005FU206TUQVFP65</lei>
        <title>Boston Pizza Royalties Income Fund</title>
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          <isin value="CA1010841015"/>
          <ticker value="BPF-U"/>
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        <balance>101654.000000000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>CA</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>F5 Inc</name>
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        <title>F5 Inc</title>
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          <ticker value="FFIV"/>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>First American Government Obli</name>
        <lei>549300R5MYM6VZF1RM44</lei>
        <title>First American Government Obligations Fund</title>
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          <ticker value="FGXXX"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Miller Industries Inc/TN</name>
        <lei>549300F1O74SPUJ7UU94</lei>
        <title>Miller Industries Inc/TN</title>
        <cusip>600551204</cusip>
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          <ticker value="MLR"/>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Herbalife Ltd</name>
        <lei>549300BA7TYPBSZZIA41</lei>
        <title>Herbalife Ltd</title>
        <cusip>N/A</cusip>
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          <ticker value="HLF"/>
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        <curCd>USD</curCd>
        <valUSD>4903056.000000000000</valUSD>
        <pctVal>5.4848246664</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Golar LNG Ltd</name>
        <lei>213800C2VSFZG3EZLO34</lei>
        <title>Golar LNG Ltd</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BMG9456A1009"/>
          <ticker value="GLNG"/>
        </identifiers>
        <balance>181238.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7356450.420000000000</valUSD>
        <pctVal>8.2293248783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lyft Inc</name>
        <lei>549300H7I5VN334XVZ52</lei>
        <title>Lyft Inc</title>
        <cusip>55087P104</cusip>
        <identifiers>
          <isin value="US55087P1049"/>
          <ticker value="LYFT"/>
        </identifiers>
        <balance>169100.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2852717.000000000000</valUSD>
        <pctVal>3.1912041322</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Old National Bancorp/IN</name>
        <lei>549300MMK90CL5KMVX16</lei>
        <title>Old National Bancorp/IN</title>
        <cusip>680033107</cusip>
        <identifiers>
          <isin value="US6800331075"/>
          <ticker value="ONB"/>
        </identifiers>
        <balance>26029.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>635888.470000000000</valUSD>
        <pctVal>0.7113393698</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Science Applications Internati</name>
        <lei>549300LZPNZIXQGZPZ48</lei>
        <title>Science Applications International Corp</title>
        <cusip>808625107</cusip>
        <identifiers>
          <isin value="US8086251076"/>
          <ticker value="SAIC"/>
        </identifiers>
        <balance>15110.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1537593.600000000000</valUSD>
        <pctVal>1.7200356888</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Innospec Inc</name>
        <lei>213800SQBACNY5IWJO68</lei>
        <title>Innospec Inc</title>
        <cusip>45768S105</cusip>
        <identifiers>
          <isin value="US45768S1050"/>
          <ticker value="IOSP"/>
        </identifiers>
        <balance>9440.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>771436.800000000000</valUSD>
        <pctVal>0.8629710917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First American Treasury Obliga</name>
        <lei>549300UU586IAH2B8H03</lei>
        <title>First American Treasury Obligations Fund</title>
        <cusip>31846V328</cusip>
        <identifiers>
          <isin value="US31846V3289"/>
          <ticker value="FXFXX"/>
        </identifiers>
        <balance>297203.780000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>297203.780000000000</valUSD>
        <pctVal>0.3324682858</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Granite Real Estate Investment</name>
        <lei>549300A6I7CLE0ZC0396</lei>
        <title>Granite Real Estate Investment Trust</title>
        <cusip>387437205</cusip>
        <identifiers>
          <isin value="CA3874372053"/>
          <ticker value="GRTUF"/>
        </identifiers>
        <balance>16937.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1090827.490000000000</valUSD>
        <pctVal>1.2202588598</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TETRA Technologies Inc</name>
        <lei>549300T5W131705EK832</lei>
        <title>TETRA Technologies Inc</title>
        <cusip>88162F105</cusip>
        <identifiers>
          <isin value="US88162F1057"/>
          <ticker value="TTI"/>
        </identifiers>
        <balance>690298.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7869397.200000000000</valUSD>
        <pctVal>8.8031349982</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>W&amp;T Offshore Inc</name>
        <lei>549300Q7EOY2YIO3YK85</lei>
        <title>W&amp;T Offshore Inc</title>
        <cusip>92922P106</cusip>
        <identifiers>
          <isin value="US92922P1066"/>
          <ticker value="WTI"/>
        </identifiers>
        <balance>776700.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1685439.000000000000</valUSD>
        <pctVal>1.8854235809</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>C&amp;F Financial Corp</name>
        <lei>549300VFPAZLNS1R0361</lei>
        <title>C&amp;F Financial Corp</title>
        <cusip>12466Q104</cusip>
        <identifiers>
          <isin value="US12466Q1040"/>
          <ticker value="CFFI"/>
        </identifiers>
        <balance>39394.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2966368.200000000000</valUSD>
        <pctVal>3.3183405355</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CNO Financial Group Inc</name>
        <lei>11XPYHB76MPM4Y4P2897</lei>
        <title>CNO Financial Group Inc</title>
        <cusip>12621E103</cusip>
        <identifiers>
          <isin value="US12621E1038"/>
          <ticker value="CNO"/>
        </identifiers>
        <balance>67244.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2827610.200000000000</valUSD>
        <pctVal>3.1631183025</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Carter Bankshares Inc</name>
        <lei>N/A</lei>
        <title>Carter Bankshares Inc</title>
        <cusip>146103106</cusip>
        <identifiers>
          <isin value="US1461031064"/>
          <ticker value="CARE"/>
        </identifiers>
        <balance>134813.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2886346.330000000000</valUSD>
        <pctVal>3.2288237268</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Commercial Vehicle Group Inc</name>
        <lei>5493006OG8I91X0K7Q22</lei>
        <title>Commercial Vehicle Group Inc</title>
        <cusip>202608105</cusip>
        <identifiers>
          <isin value="US2026081057"/>
          <ticker value="CVGI"/>
        </identifiers>
        <balance>794752.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1192128.000000000000</valUSD>
        <pctVal>1.3335791106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Enova International Inc</name>
        <lei>549300O8XOCQSB49UO63</lei>
        <title>Enova International Inc</title>
        <cusip>29357K103</cusip>
        <identifiers>
          <isin value="US29357K1034"/>
          <ticker value="ENVA"/>
        </identifiers>
        <balance>30702.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5071049.340000000000</valUSD>
        <pctVal>5.6727511381</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Citizens BancShares Inc/</name>
        <lei>549300N3Z00ZHE2XC526</lei>
        <title>First Citizens BancShares Inc/NC</title>
        <cusip>31946M103</cusip>
        <identifiers>
          <isin value="US31946M1036"/>
          <ticker value="FCNCA"/>
        </identifiers>
        <balance>683.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1413516.310000000000</valUSD>
        <pctVal>1.5812360951</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Horizon Corp</name>
        <lei>TF3RXI1ZB1TQ30H9JV10</lei>
        <title>First Horizon Corp</title>
        <cusip>320517105</cusip>
        <identifiers>
          <isin value="US3205171057"/>
          <ticker value="FHN"/>
        </identifiers>
        <balance>131679.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3224818.710000000000</valUSD>
        <pctVal>3.6074573093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First Northwest Bancorp</name>
        <lei>549300YDR3VSTKB9DQ65</lei>
        <title>First Northwest Bancorp</title>
        <cusip>335834107</cusip>
        <identifiers>
          <isin value="US3358341077"/>
          <ticker value="FNWB"/>
        </identifiers>
        <balance>52383.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>546354.690000000000</valUSD>
        <pctVal>0.6111820220</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>First United Corp</name>
        <lei>549300G54QPXQLB4KN58</lei>
        <title>First United Corp</title>
        <cusip>33741H107</cusip>
        <identifiers>
          <isin value="US33741H1077"/>
          <ticker value="FUNC"/>
        </identifiers>
        <balance>78008.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2990046.640000000000</valUSD>
        <pctVal>3.3448285242</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lionsgate Studios Corp</name>
        <lei>N/A</lei>
        <title>Lionsgate Studios Corp</title>
        <cusip>53626N102</cusip>
        <identifiers>
          <isin value="CA53626N1024"/>
          <ticker value="LION"/>
        </identifiers>
        <balance>211106.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1992840.640000000000</valUSD>
        <pctVal>2.2292997466</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SOUTHSTATE BANK CORP</name>
        <lei>549300JZUANXM0YQ4W53</lei>
        <title>SOUTHSTATE BANK CORP</title>
        <cusip>84472E102</cusip>
        <identifiers>
          <isin value="US84472E1029"/>
          <ticker value="SSB"/>
        </identifiers>
        <balance>9241.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>945631.530000000000</valUSD>
        <pctVal>1.0578347751</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Virtus Investment Partners Inc</name>
        <lei>549300HWF93HB8BDM648</lei>
        <title>Virtus Investment Partners Inc</title>
        <cusip>92828Q109</cusip>
        <identifiers>
          <isin value="US92828Q1094"/>
          <ticker value="VRTS"/>
        </identifiers>
        <balance>5820.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>950115.000000000000</valUSD>
        <pctVal>1.0628502281</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Olin Corp</name>
        <lei>549300GKK294V7W57P06</lei>
        <title>Olin Corp</title>
        <cusip>680665205</cusip>
        <identifiers>
          <isin value="US6806652052"/>
          <ticker value="OLN"/>
        </identifiers>
        <balance>31800.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>661758.000000000000</valUSD>
        <pctVal>0.7402784308</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Utah Medical Products Inc</name>
        <lei>5493002R27BBGV8DID60</lei>
        <title>Utah Medical Products Inc</title>
        <cusip>917488108</cusip>
        <identifiers>
          <isin value="US9174881089"/>
          <ticker value="UTMD"/>
        </identifiers>
        <balance>18520.000000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1130831.200000000000</valUSD>
        <pctVal>1.2650091819</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="The monthly total returns shown in B.5.a. do not reflect the deduction of sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-02-25</ncom:dateSigned>
      <ncom:nameOfApplicant>Advisors Series Trust</ncom:nameOfApplicant>
      <ncom:signature>/s/ Kevin Hayden</ncom:signature>
      <ncom:signerName>Advisors Series Trust</ncom:signerName>
      <ncom:title>Treasurer &amp; Vice President</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
