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

COMMON STOCKS - 99.3%

Shares  

Value  
Aerospace & Defense - 1.9%

Northrop Grumman Corp.

            700

    $        379,736






Banking - 18.3%

Bank of America Corp.

            5,300

             328,335
Citigroup, Inc.

            12,800

             1,695,360
First Citizens BancShares, Inc. - Class A

            100

             218,665
First Horizon Corp.

            25,292

             648,487
JPMorgan Chase & Co.

            1,100

             386,969
Truist Financial Corp.

            6,000

             311,040




             3,588,856






Beverages - 0.4%

Anheuser-Busch InBev SA/NV - ADR

            1,000

             86,480






Biotech & Pharmaceuticals - 15.3%

Eli Lilly & Co.

            2,000

             2,297,680
GSK PLC - ADR

            2,400

             124,056
Merck & Co., Inc.

            1,100

             143,220
Pfizer, Inc.

            17,600

             440,176




             3,005,132






Consumer Services - 1.3%

Upbound Group, Inc.

            13,000

             252,070






Electric - 0.4%

Vistra Corp.

            500

             74,095






Electric Utilities - 2.2%

American Electric Power Co., Inc.

            300

             38,355
Constellation Energy Corp.

            533

             140,046
Entergy Corp.

            1,800

             193,716
NextEra Energy, Inc.

            800

             69,536




             441,653






Electrical Equipment - 0.3%

TE Connectivity PLC

            300

             61,707






Entertainment Content - 0.5%

Walt Disney Co.

            1,000

             96,190






Food - 0.5%

Lamb Weston Holdings, Inc.

            500

             26,275
Tyson Foods, Inc. - Class A

            1,100

             63,756




             90,031






Gas & Water Utilities - 0.4%

National Fuel Gas Co.

            1,000

             82,310






Health Care Facilities & Services - 2.6%

Tenet Healthcare Corp. (a)

            2,000

             509,560








Healthcare-Services - 0.6%

UnitedHealth Group, Inc.

            300

             124,320






Industrial Support Services - 1.1%

United Rentals, Inc.

            200

             215,852






Institutional Financial Services - 1.6%

Goldman Sachs Group, Inc.

            300

             305,514






Insurance - 2.3%

CNO Financial Group, Inc.

            8,073

             444,742






Internet - 0.6%

VeriSign, Inc.

            400

             116,008






Internet Media & Services - 0.8%

Lyft, Inc. - Class A (a)

            9,694

             153,747






Oil & Gas Producers - 14.4%

BP PLC - ADR

            4,700

             212,534
Cheniere Energy, Inc.

            400

             105,428
Expand Energy Corp.

            1,000

             94,030
Golar LNG Ltd.

            31,803

             1,563,117
Shell PLC - ADR

            9,300

             855,414




             2,830,523






Retail - Consumer Staples - 2.5%

Walmart, Inc.

            4,500

             500,400






Retail - Discretionary - 1.0%

Home Depot, Inc.

            600

             199,176






Software - 11.8%

Adobe, Inc. (a)

            500

             125,205
Microsoft Corp.

            2,600

             1,208,272
Oracle Corp.

            7,200

             935,064
Weave Communications, Inc. (a)

            7,000

             45,780




             2,314,321






Specialty Finance - 3.2%

Enova International, Inc. (a)

            2,510

             637,891






Technology Services - 6.7%

KBR, Inc.

            26,430

             967,602
Mastercard, Inc. - Class A

            550

             315,205
Visa, Inc. - Class A

            100

             36,613




             1,319,420






Telecommunications - 0.5%

AT&T, Inc.

            3,900

             90,675






Tobacco & Cannabis - 0.6%

Philip Morris International, Inc.

            600

             114,492








Transportation - 0.6%

Fedex Freight Holding Co., Inc. (a)

            800

             112,424






Transportation & Logistics - 4.1%

FedEx Corp.

            2,600

             799,240






Transportation Equipment - 2.8%

General Motors Co.

            6,300

             559,818
TOTAL COMMON STOCKS (Cost $7,450,849)

             19,506,383






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.7%
Shares  

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

            139,222

             139,222
TOTAL MONEY MARKET FUNDS (Cost $139,222)

             139,222






TOTAL INVESTMENTS - 100.0% (Cost $7,590,071)

             19,645,605
Liabilities in Excess of Other Assets - (0.0)% (c)
(0.00008)
            (1,615)
TOTAL NET ASSETS - 100.0%




    $        19,643,990


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.
(c)

Represents less than 0.05% of net assets.




























Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)
 
Huber 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
    $        19,506,383

    $        –

    $        –

    $        19,506,383
  Money Market Funds
            139,222

            –

            –

            139,222
Total Investments
    $        19,645,605

    $        –

    $        –

    $        19,645,605