# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001193125-25-219104
**Filing Date:** 2025-9
**Character Count:** 24281
**Document Hash:** c1deb638a8c030b00c7a5a5b75dc705d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-219104.hdr.sgml**: 20250926

**ACCESSION NUMBER**: 0001193125-25-219104

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250926

**DATE AS OF CHANGE**: 20250926

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS SERIES TRUST
- **CENTRAL INDEX KEY:** 0001027596

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07959
- **FILM NUMBER:** 251345899

**BUSINESS ADDRESS:**
- **STREET 1:** U.S BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7235

**MAIL ADDRESS:**
- **STREET 1:** 615 E MICHIGAN STREET
- **STREET 2:** MK-WI-LC2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Huber Select Large Cap Value Fund (Series ID: S000018427)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000050919 | Investor Class      | HULIX           |
| C000106239 | Institutional Class | HULEX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Huber Select Large Cap Value Fund** | **Huber Select Large Cap Value Fund** | **Huber Select Large Cap Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 95.7%** | **Shares** | **Value**  |
| **Aerospace & Defense - 1.6%** | **Aerospace & Defense - 1.6%** | |
| Northrop Grumman Corp. | 11593 | $6684640 |
| **Banking - 18.8%** | **Banking - 18.8%** |  |
| Bank of America Corp. | 412546 | 19501049 |
| Citigroup, Inc. | 249268 | 23356412 |
| First Citizens BancShares, Inc. - Class A | 2300 | 4587948 |
| First Horizon Corp. | 417126 | 9097518 |
| JPMorgan Chase & Co. | 18233 | 5401344 |
| Regions Financial Corp. | 270500 | 6851765 |
| Truist Financial Corp. | 174700 | 7636137 |
|  |  | 76432173 |
| **Biotech & Pharmaceuticals - 8.3%** | **Biotech & Pharmaceuticals - 8.3%** |  |
| Eli Lilly & Co. | 20437 | 15124810 |
| Merck & Co., Inc. | 14193 | 1108757 |
| Pfizer, Inc. | 749530 | 17456554 |
|  |  | 33690121 |
| **Consumer Services - 4.0%** | **Consumer Services - 4.0%** |  |
| Upbound Group, Inc. | 789385 | 16288959 |
| **Cosmetics/Personal Care - 0.9%** | **Cosmetics/Personal Care - 0.9%** |  |
| Kenvue, Inc. | 173400 | 3717696 |
| **Electric Utilities - 1.2%** | **Electric Utilities - 1.2%** |  |
| Constellation Energy Corp. | 13977 | 4861760 |
| **Electrical Equipment - 0.2%** | **Electrical Equipment - 0.2%** |  |
| TE Connectivity PLC | 3357 | 690703 |
| **Food - 2.6%** | **Food - 2.6%** |  |
| J M Smucker Co. | 93000 | 9982620 |
| Tyson Foods, Inc. - Class A | 11458 | 599253 |
|  |  | 10581873 |
| **Gas & Water Utilities - 1.0%** | **Gas & Water Utilities - 1.0%** |  |
| National Fuel Gas Co. | 48900 | 4244031 |
| **Health Care Facilities & Services - 1.5%** | **Health Care Facilities & Services - 1.5%** |  |
| Tenet Healthcare Corp. <sup>(a)</sup> | 38800 | 6257664 |
| **Home Construction - 0.1%** | **Home Construction - 0.1%** |  |
| Lennar Corp. - Class B | 5560 | 595921 |
| **Industrial Support Services - 1.4%** | **Industrial Support Services - 1.4%** |  |
| United Rentals, Inc. | 6400 | 5650816 |
| **Insurance - 1.0%** | **Insurance - 1.0%** |  |
| CNO Financial Group, Inc. | 110821 | 4082645 |
| **Internet Media & Services - 1.8%** | **Internet Media & Services - 1.8%** |  |
| Lyft, Inc. - Class A <sup>(a)</sup> | 510200 | 7173412 |
| **Oil & Gas Producers - 12.1%** | **Oil & Gas Producers - 12.1%** |  |
| BP PLC - ADR | 527200 | 16949480 |
| Cheniere Energy, Inc. | 37300 | 8798324 |
| Golar LNG Ltd. | 467685 | 19249915 |
| Shell PLC - ADR | 31300 | 2260173 |
| W&T Offshore, Inc. | 1087307 | 1924533 |
|  |  | 49182425 |
| **Retail - 4.1%** | **Retail - 4.1%** |  |
| Dollar General Corp. | 160500 | 16836450 |
| **Retail - Discretionary - 0.5%** | **Retail - Discretionary - 0.5%** |  |
| Home Depot, Inc. | 5398 | 1983819 |
| **Software - 10.6%** | **Software - 10.6%** |  |
| Microsoft Corp. | 34928 | 18634088 |
| Oracle Corp. | 97100 | 24641067 |
|  |  | 43275155 |
| **Specialty Finance - 1.6%** | **Specialty Finance - 1.6%** |  |
| Enova International, Inc. <sup>(a)</sup> | 60709 | 6347733 |
| **Technology Services - 7.8%** | **Technology Services - 7.8%** |  |
| KBR, Inc. | 459777 | 21489977 |
| Mastercard, Inc. - Class A | 17859 | 10116588 |
|  |  | 31606565 |
| **Telecommunications - 4.3%** | **Telecommunications - 4.3%** |  |
| AT&T, Inc. | 637180 | 17465104 |
| **Tobacco & Cannabis - 4.8%** | **Tobacco & Cannabis - 4.8%** |  |
| Philip Morris International, Inc. | 120259 | 19728489 |
| **Transportation & Logistics - 4.2%** | **Transportation & Logistics - 4.2%** |  |
| FedEx Corp. | 77400 | 17298126 |
| **Transportation Equipment - 1.3%** | **Transportation Equipment - 1.3%** |  |
| General Motors Co. | 95300 | 5083302 |
| **TOTAL COMMON STOCKS** (Cost $281,233,075) | **TOTAL COMMON STOCKS** (Cost $281,233,075) | 389759582 |
| **SHORT-TERM INVESTMENTS - 4.9%** | **Shares** | **Value**  |
| **Money Market Funds - 4.9%** |  |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(b)</sup> | 10035070 | 10035070 |
| First American Treasury Obligations Fund - Class X, 4.26% <sup>(b)</sup> | 10035069 | 10035069 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $20,070,139) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $20,070,139) | 20070139 |
| **TOTAL INVESTMENTS - 100.6% (**Cost $301,303,214**)** | **TOTAL INVESTMENTS - 100.6% (**Cost $301,303,214**)** | 409829721 |
| Liabilities in Excess of Other Assets - (0.6)% | Liabilities in Excess of Other Assets - (0.6)% | (2479418) |
| **TOTAL NET ASSETS - 100.0%** |  | $407350303 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

ADR - American Depositary Receipt<br>

(a) Non-income producing security.

(b) The rate shown represents the 7-day annualized effective yield as of July 31, 2025.

------

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Huber Select Large Cap Value Fund (the "Fund") has adopted fair value accounting standards which establish a 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 valuation 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 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, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $389759582 | $– | $– | $389759582 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 20070139 | – | – | 20070139 |
| Total Investments | $409829721 | $– | $– | $409829721 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Advisors Series Trust

- **b. Investment Company Act file number:** 811-07959

- **c. CIK number of Registrant:** 0001027596

- **d. LEI of Registrant:** 2549003Z0J6URS6I4Y63

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 626-914-7363

**Item A.2. Information about the Series.**

- **a. Name of Series:** Huber Select Large Cap Value Fund

- **b. EDGAR series identifier (if any):** S000018427

- **c. LEI of Series:** 254900D1MFSLO3OPXN98

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-07-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $407749986.93

**Total Liabilities:** $392369.61

**Net Assets:** $407357617.32

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000050919 | 2.80%                | 4.30%                | 0.47%                |
| Class ID C000106239 | 2.83%                | 4.33%                | 0.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1217507.64             | $10662628.35                               |
| Month 2  | $-14359847.91            | $30316144.63                               |
| Month 3  | $-575598.73              | $2254411.70                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Bank of America Corp           | Bank of America Corp                       | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |    412546 | NS      | $19501049.42  | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                  | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     13977 | NS      | $4861759.68   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| FedEx Corp                     | FedEx Corp                                 | CUSIP: 31428X106<br>LEI: 549300E707U7WNPZN687 | Long             | EC               | CORP              | US        |     77400 | NS      | $17298126.00  | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corp             | First Horizon Corp                         | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    417126 | NS      | $9097518.06   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                              | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |    249268 | NS      | $23356411.60  | 5.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                        | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     37300 | NS      | $8798324.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First Citizens BancShares Inc/ | First Citizens BancShares Inc/NC           | CUSIP: 31946M103<br>LEI: 549300N3Z00ZHE2XC526 | Long             | EC               | CORP              | US        |      2300 | NS      | $4587948.00   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                             | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     20437 | NS      | $15124810.59  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     34928 | NS      | $18634088.00  | 4.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenet Healthcare Corp          | Tenet Healthcare Corp                      | CUSIP: 88033G407<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | EC               | CORP              | US        |     38800 | NS      | $6257664.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyson Foods Inc                | Tyson Foods Inc                            | CUSIP: 902494103<br>LEI: WD6L6041MNRW1JE49D58 | Long             | EC               | CORP              | US        |     11458 | NS      | $599253.40    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                         | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      6400 | NS      | $5650816.00   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| W&T Offshore Inc               | W&T Offshore Inc                           | CUSIP: 92922P106<br>LEI: 549300Q7EOY2YIO3YK85 | Long             | EC               | CORP              | US        |    987307 | NS      | $1747533.39   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Enova International Inc        | Enova International Inc                    | CUSIP: 29357K103<br>LEI: 549300O8XOCQSB49UO63 | Long             | EC               | CORP              | US        |     60709 | NS      | $6347733.04   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  10035069 | NS      | $10035069.48  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp                                | CUSIP: 526057302<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      5560 | NS      | $595920.80    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     11593 | NS      | $6684639.73   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| General Motors Co              | General Motors Co                          | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     95300 | NS      | $5083302.00   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp         | Regions Financial Corp                     | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Long             | EC               | CORP              | US        |    270500 | NS      | $6851765.00   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Upbound Group Inc              | Upbound Group Inc                          | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |    663241 | NS      | $13685978.04  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC            | TE Connectivity PLC                        | CUSIP: N/A<br>LEI: 6367003TB6K484NFHE54       | Long             | EC               | CORP              | IE        |      3357 | NS      | $690702.75    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                         | BP PLC                                     | CUSIP: 055622104<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |    527200 | NS      | $16949480.00  | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  10035069 | NS      | $10035069.48  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    173400 | NS      | $3717696.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     14193 | NS      | $1108757.16   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc                     | Pfizer Inc                                 | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |    749530 | NS      | $17456553.70  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    120259 | NS      | $19728488.95  | 4.84%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                        | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     18233 | NS      | $5401343.92   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Co           | National Fuel Gas Co                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     48900 | NS      | $4244031.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp          | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    174700 | NS      | $7636137.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Golar LNG Ltd                  | Golar LNG Ltd                              | CUSIP: N/A<br>LEI: 213800C2VSFZG3EZLO34       | Long             | EC               | CORP              | BM        |    467685 | NS      | $19249914.60  | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |    637180 | NS      | $17465103.80  | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO Financial Group Inc        | CNO Financial Group Inc                    | CUSIP: 12621E103<br>LEI: 11XPYHB76MPM4Y4P2897 | Long             | EC               | CORP              | US        |    110821 | NS      | $4082645.64   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                             | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     17859 | NS      | $10116587.73  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| J M Smucker Co/The             | J M Smucker Co/The                         | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |     93000 | NS      | $9982620.00   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Shell PLC                      | Shell PLC                                  | CUSIP: 780259305<br>LEI: 21380068P1DRHMJ8KU70 | Long             | EC               | CORP              | GB        |     31300 | NS      | $2260173.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |      5398 | NS      | $1983818.98   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KBR Inc                        | KBR Inc                                    | CUSIP: 48242W106<br>LEI: 254900OFQDXZRKRCV808 | Long             | EC               | CORP              | US        |    459777 | NS      | $21489976.98  | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp                        | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |    160500 | NS      | $16836450.00  | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Lyft Inc                       | Lyft Inc                                   | CUSIP: 55087P104<br>LEI: 549300H7I5VN334XVZ52 | Long             | EC               | CORP              | US        |    510200 | NS      | $7173412.00   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     97100 | NS      | $24641067.00  | 6.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-18

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Treasurer & Vice President