Huber Mid Cap Value Fund |
Schedule of Investments |
as of January 31, 2024 (Unaudited) |
COMMON STOCKS - 96.6% | Shares | Value | ||||
Aerospace & Defense - 1.8% | ||||||
Northrop Grumman Corp. | 400 | $ | 178,704 | |||
Asset Management - 0.3% | ||||||
Virtus Investment Partners, Inc. | 109 | 25,736 | ||||
Automotive - 6.3% | ||||||
Goodyear Tire & Rubber Co.(a) | 8,100 | 112,914 | ||||
Miller Industries, Inc. | 12,585 | 506,546 | ||||
619,460 | ||||||
Banking - 20.1% | ||||||
Citigroup, Inc. | 6,300 | 353,871 | ||||
First Citizens BancShares, Inc. - Class A | 350 | 528,499 | ||||
First Horizon Corp. | 21,417 | 304,978 | ||||
Regions Financial Corp. | 14,000 | 261,380 | ||||
South State Corp. | 2,052 | 170,521 | ||||
Truist Financial Corp. | 10,000 | 370,600 | ||||
1,989,849 | ||||||
Biotech & Pharmaceuticals - 1.1% | ||||||
GSK PLC - ADR | 2,800 | 110,432 | ||||
Chemicals - 5.7% | ||||||
Innospec, Inc. | 2,788 | 323,715 | ||||
Olin Corp. | 4,559 | 237,387 | ||||
561,102 | ||||||
Consumer Services - 5.3% | ||||||
Rent-A-Center, Inc. | 15,800 | 524,560 | ||||
Cosmetics/Personal Care - 1.1% | ||||||
Kenvue, Inc. | 5,000 | 103,800 | ||||
Electric Utilities - 0.4% | ||||||
Entergy Corp. | 400 | 39,904 | ||||
Food – 3.1% | ||||||
Conagra Brands, Inc. | 700 | 20,405 | ||||
Herbalife Ltd.(a) | 21,300 | 256,665 | ||||
Lamb Weston Holdings, Inc. | 266 | 27,249 | ||||
304,319 | ||||||
Health Care Facilities & Services - 2.7% | ||||||
Select Medical Holdings Corp. | 2,200 | 57,178 | ||||
Tenet Healthcare Corp.(a) | 2,500 | 206,850 | ||||
264,028 | ||||||
Industrial Support Services - 3.2% | ||||||
United Rentals, Inc. | 500 | 312,700 | ||||
Insurance - 3.3% | ||||||
CNO Financial Group, Inc. | 4,510 | 122,582 | ||||
Global Indemnity Group LLC - Class A | 7,000 | 205,118 | ||||
327,700 | ||||||
Oil & Gas Producers - 13.3% | ||||||
BP PLC - ADR | 4,700 | 164,970 | ||||
Cheniere Energy, Inc. | 1,600 | 262,384 | ||||
Golar LNG Ltd. | 27,339 | 596,264 | ||||
New Fortress Energy, Inc. | 8,500 | 282,455 | ||||
1,306,073 | ||||||
Oil & Gas Services & Equipment - 6.1% | ||||||
TETRA Technologies, Inc.(a) | 142,924 | 598,852 | ||||
Specialty Finance - 3.3% | ||||||
Enova International, Inc.(a) | 5,904 | 321,355 | ||||
Technology Hardware - 0.6% | ||||||
Comtech Telecommunications Corp. | 9,687 | 61,319 | ||||
Technology Services - 9.3% | ||||||
KBR, Inc. | 15,894 | 828,236 | ||||
Science Applications International Corp. | 700 | 89,362 | ||||
917,598 | ||||||
Telecommunications - 2.1% | ||||||
AT&T, Inc. | 11,700 | 206,973 | ||||
Transportation & Logistics - 3.2% | ||||||
FedEx Corp. | 1,300 | 313,677 | ||||
Transportation Equipment - 4.3% | ||||||
Commercial Vehicle Group, Inc.(a) | 65,788 | 426,964 | ||||
TOTAL COMMON STOCKS (Cost $6,914,532) | 9,515,105 | |||||
REAL ESTATE INVESTMENT TRUSTS - 0.6% | ||||||
Granite Real Estate Investment Trust | 1,100 | 59,444 | ||||
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $29,536) | 59,444 | |||||
SHORT-TERM INVESTMENTS - 2.7% | ||||||
Money Market Funds - 2.7% | ||||||
First American Government Obligations Fund - Class X, 5.25%(b) | 133,132 | 133,132 | ||||
First American Treasury Obligations Fund - Class X, 5.23%(b) | 133,131 | 133,131 | ||||
TOTAL SHORT-TERM INVESTMENTS (Cost $266,263) | 266,263 | |||||
TOTAL INVESTMENTS - 99.9% (Cost $7,210,331) | 9,840,812 | |||||
Other Assets in Excess of Liabilities - 0.1% | 12,389 | |||||
TOTAL NET ASSETS - 100.0% | $ | 9,853,201 |
ADR - American Depositary Receipt |
PLC - Public Limited Company |
(a) | Non-income producing security. |
(b) | The rate shown represents the 7-day effective yield as of January 31, 2024. |
Huber Mid Cap Value Fund |
Summary of Fair Value Disclosure at January 31, 2024 (Unaudited) |
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United |
States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
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 inputs used to value the Fund's investments as of January 31, 2024: |
Huber Mid Cap Value Fund | ||||||||||||||||
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | $ | 9,515,105 | $ | – | $ | – | $ | 9,515,105 | ||||||||
Real Estate Investment Trusts | 59,444 | – | – | 59,444 | ||||||||||||
Money Market Funds | 266,263 | – | – | 266,263 | ||||||||||||
Total Investments | $ | 9,840,812 | $ | – | $ | – | $ | 9,840,812 | ||||||||
Refer to the Schedule of Investments for industry classifications. | ||||||||||||||||