Huber Select Large Cap Value Fund
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 96.7%

Shares  

Value  
Aerospace & Defense - 1.2%

Northrop Grumman Corp.

            11,593

    $        6,288,971






Banking - 17.2%

Bank of America Corp.

            335,546

             20,787,075
Citigroup, Inc.

            249,268

             33,015,546
First Citizens BancShares, Inc. - Class A

            1,800

             3,935,970
First Horizon Corp.

            379,626

             9,733,611
JPMorgan Chase & Co.

            18,233

             6,414,187
Regions Financial Corp.

            180,500

             5,586,475
Truist Financial Corp.

            134,700

             6,982,848




             86,455,712






Biotech & Pharmaceuticals - 10.3%

Eli Lilly & Co.

            20,437

             23,478,843
Merck & Co., Inc.

            24,193

             3,149,929
Pfizer, Inc.

            995,830

             24,905,708




             51,534,480






Consumer Services - 2.4%

Upbound Group, Inc.

            612,869

             11,883,530






Cosmetics/Personal Care - 0.7%

Kenvue, Inc.

            194,000

             3,732,560






Electric - 1.1%

Vistra Corp.

            36,000

             5,334,840






Electric Utilities - 0.4%

Constellation Energy Corp.

            6,977

             1,833,207






Electrical Equipment - 0.1%

TE Connectivity PLC

            3,357

             690,501






Gas & Water Utilities - 0.8%

National Fuel Gas Co.

            48,900

             4,024,959






Health Care Facilities & Services - 3.3%

Tenet Healthcare Corp. (a)

            64,800

             16,509,744






Healthcare-Services - 1.4%

UnitedHealth Group, Inc.

            17,200

             7,127,680






Home Construction - 0.1%

Lennar Corp. - Class B

            5,560

             448,692






Industrial Support Services - 1.4%

United Rentals, Inc.

            6,400

             6,907,264






Insurance - 1.2%



CNO Financial Group, Inc.

            110,821

             6,105,129






Internet Media & Services - 0.4%

Lyft, Inc. - Class A (a)

            128,200

             2,033,252






Oil & Gas Producers - 11.9%

BP PLC - ADR

            406,100

             18,363,842
Cheniere Energy, Inc.

            25,300

             6,668,321
Golar LNG Ltd.

            646,065

             31,754,095
Shell PLC - ADR

            31,300

             2,878,974




             59,665,232






Retail - 4.6%

Dollar General Corp.

            180,480

             22,929,984






Retail - Discretionary - 0.3%

Home Depot, Inc.

            5,398

             1,791,920






Software - 11.5%

Microsoft Corp.

            66,928

             31,102,780
Oracle Corp.

            203,800

             26,467,506
Weave Communications, Inc. (a)

            72,117

             471,645




             58,041,931






Specialty Finance - 3.1%

Enova International, Inc. (a)

            60,709

             15,428,585






Technology Services - 7.9%

KBR, Inc.

            790,042

             28,923,438
Mastercard, Inc. - Class A

            18,859

             10,808,093




             39,731,531






Telecommunications - 3.8%

AT&T, Inc.

            813,380

             18,911,085






Tobacco & Cannabis - 4.7%

Philip Morris International, Inc.

            123,614

             23,588,023






Transportation - 0.9%

Fedex Freight Holding Co., Inc. (a)

            33,600

             4,721,808






Transportation & Logistics - 4.3%

FedEx Corp.

            70,200

             21,579,480






Transportation Equipment - 1.7%

General Motors Co.

            95,300

             8,468,358
TOTAL COMMON STOCKS (Cost $313,765,895)

             485,768,458






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 3.2%
Shares  

Value  
First American Government Obligations Fund - Class X, 3.58% (b)

            16,277,812

             16,277,812
TOTAL MONEY MARKET FUNDS (Cost $16,277,812)

             16,277,812






TOTAL INVESTMENTS - 99.9% (Cost $330,043,707)

             502,046,270
Other Assets in Excess of Liabilities - 0.1%
0.00059
            296,866


TOTAL NET ASSETS - 100.0%




    $        502,343,136


Percentages are stated as a percent of net assets.




ADR - American Depositary Receipt



(a)

Non-income producing security.
(b)

The rate shown represents the 7-day annualized yield as of July 31, 2026.













Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)
 
Huber Select Large Cap Value 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, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        485,768,458

    $        –

    $        –

    $        485,768,458
  Money Market Funds
            16,277,812

            –

            –

            16,277,812
Total Investments
    $        502,046,270

    $        –

    $        –

    $        502,046,270