# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001193125-26-181031
**Filing Date:** 2026-4
**Character Count:** 20091
**Document Hash:** 87695948e4de599eeaeb0262050d643c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-181031.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0001193125-26-181031

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260228

**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:** 26898790

**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

### Pzena International Small Cap Value Fund (Series ID: S000062254)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000201595 | Investor Class      | PZVIX           |
| C000201596 | Institutional Class | PZIIX           |

## 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:** Pzena International Small Cap Value Fund

- **b. EDGAR series identifier (if any):** S000062254

- **c. LEI of Series:** 549300BXMZAGJHSNR496

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2026-02-28

**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:** $227028648.38

**Total Liabilities:** $1330912.94

**Net Assets:** $225697735.44

**Cash Not Reported:** $44588.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000201595 | 3.74%                | 4.94%                | 3.57%                |
| Class ID C000201596 | 3.80%                | 4.93%                | 3.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-896516.97              | $8418949.75                                |
| Month 2  | $1248002.81              | $8548656.14                                |
| Month 3  | $-471518.07              | $8502453.69                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Duerr AG                       | Duerr AG                                   | CUSIP: N/A<br>LEI: 5299003APZ54EDTSRO20       | Long             | EC               | CORP              | DE        |    156912 | NS      | $4533206.98   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Manitou BF SA                  | Manitou BF SA                              | CUSIP: N/A<br>LEI: 9695008SHP3XTT9QCM25       | Long             | EC               | CORP              | FR        |    139177 | NS      | $3872834.25   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Boshoku Corp            | Toyota Boshoku Corp                        | CUSIP: N/A<br>LEI: 529900KS87U6EY7PWG26       | Long             | EC               | CORP              | JP        |    279530 | NS      | $5729680.34   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| B&M European Value Retail plc  | B&M European Value Retail plc              | CUSIP: L1175H106<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | JE        |    453741 | NS      | $1167938.37   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Permanent TSB Group Holdings P | Permanent TSB Group Holdings PLC           | CUSIP: N/A<br>LEI: 635400DTNHVYGZODKQ93       | Long             | EC               | CORP              | IE        |   2013907 | NS      | $7567232.17   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Transcontinental Inc           | Transcontinental Inc                       | CUSIP: 893578104<br>LEI: 549300C86G4JLR01YF53 | Long             | EC               | CORP              | CA        |    255060 | NS      | $4349324.15   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokian Renkaat Oyj             | Nokian Renkaat Oyj                         | CUSIP: N/A<br>LEI: 743700YQIO8Y4L4WKR40       | Long             | EC               | CORP              | FI        |    599078 | NS      | $7552979.71   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexel SA                       | Rexel SA                                   | CUSIP: N/A<br>LEI: 969500N6AVPA51648T62       | Long             | EC               | CORP              | FR        |     97064 | NS      | $4228651.06   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC               | Pennon Group PLC                           | CUSIP: N/A<br>LEI: 213800V1CCTS41GWH423       | Long             | EC               | CORP              | GB        |    706366 | NS      | $5711623.52   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Elders Ltd                     | Elders Ltd                                 | CUSIP: N/A<br>LEI: 254900Y0SQG962QL6549       | Long             | EC               | CORP              | AU        |   1252719 | NS      | $6472249.26   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Beneteau SACA                  | Beneteau SACA                              | CUSIP: N/A<br>LEI: 969500FHXW3AEY6Z0B25       | Long             | EC               | CORP              | FR        |    406602 | NS      | $3857941.01   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| C&C Group PLC                  | C&C Group PLC                              | CUSIP: N/A<br>LEI: 635400LNUHA2LDXXV850       | Long             | EC               | CORP              | IE        |   2445221 | NS      | $3875287.92   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Fukuoka Financial Group Inc    | Fukuoka Financial Group Inc                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    163037 | NS      | $7144124.43   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Evonik Industries AG           | Evonik Industries AG                       | CUSIP: N/A<br>LEI: 41GUOJQTALQHLF39XJ34       | Long             | EC               | CORP              | DE        |    240480 | NS      | $4202596.21   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Umicore SA                     | Umicore SA                                 | CUSIP: N/A<br>LEI: 529900F3AIQECS8ZSV61       | Long             | EC               | CORP              | BE        |    203669 | NS      | $4336608.78   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacific Basin Shipping Ltd     | Pacific Basin Shipping Ltd                 | CUSIP: N/A<br>LEI: 254900LNPK737X4Y3V26       | Long             | EC               | CORP              | HK        |   5286426 | NS      | $2337990.38   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexity SA                      | Nexity SA                                  | CUSIP: N/A<br>LEI: 969500JJ71T2DIPDVV84       | Long             | EC               | CORP              | FR        |    436404 | NS      | $4916770.62   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| MARR SpA                       | MARR SpA                                   | CUSIP: N/A<br>LEI: 815600576D5536AC7B34       | Long             | EC               | CORP              | IT        |    461829 | NS      | $5151381.60   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsonite Group SA             | Samsonite Group SA                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   2281800 | NS      | $5611605.18   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Wizz Air Holdings Plc          | Wizz Air Holdings Plc                      | CUSIP: N/A<br>LEI: 213800COXGZCORLJZA85       | Long             | EC               | CORP              | HU        |    155397 | NS      | $2554941.71   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Tate & Lyle PLC                | Tate & Lyle PLC                            | CUSIP: N/A<br>LEI: 2138008K14474WPKZ244       | Long             | EC               | CORP              | GB        |   1021661 | NS      | $5185201.85   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   7286766 | NS      | $7286765.78   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Barry Callebaut AG             | Barry Callebaut AG                         | CUSIP: N/A<br>LEI: 213800Y5RWKLDPUTT265       | Long             | EC               | CORP              | CH        |       468 | NS      | $879573.39    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fletcher Building Ltd          | Fletcher Building Ltd                      | CUSIP: N/A<br>LEI: 549300UPHQTT2LG75045       | Long             | EC               | CORP              | NZ        |   2753037 | NS      | $5779616.39   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokai Carbon Co Ltd            | Tokai Carbon Co Ltd                        | CUSIP: N/A<br>LEI: 5299002HKWA5B57KLT43       | Long             | EC               | CORP              | JP        |    611949 | NS      | $4363367.03   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrexpo PLC                   | Ferrexpo PLC                               | CUSIP: N/A<br>LEI: 213800CEDKSNUTPAQZ41       | Long             | EC               | CORP              | CH        |   1306272 | NS      | $989346.61    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibstock PLC                    | Ibstock PLC                                | CUSIP: N/A<br>LEI: 2138003QHTNX34CN9V93       | Long             | EC               | CORP              | GB        |   2790425 | NS      | $4978939.80   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Hays PLC                       | Hays PLC                                   | CUSIP: N/A<br>LEI: 213800QC8AWD4BO8TH08       | Long             | EC               | CORP              | GB        |   1686233 | NS      | $921709.51    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagegroup PLC                  | Pagegroup PLC                              | CUSIP: N/A<br>LEI: 213800JK5ZEQW4AB8G71       | Long             | EC               | CORP              | GB        |    666197 | NS      | $1682483.43   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Remy Cointreau SA              | Remy Cointreau SA                          | CUSIP: N/A<br>LEI: 5493004V6A3Z027YT216       | Long             | EC               | CORP              | FR        |    105226 | NS      | $5184771.77   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE             | Teleperformance SE                         | CUSIP: N/A<br>LEI: 9695004GI61FHFFNRG61       | Long             | EC               | CORP              | FR        |     26410 | NS      | $1606487.93   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| VTech Holdings Ltd             | VTech Holdings Ltd                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    614416 | NS      | $5069477.82   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| SThree PLC                     | SThree PLC                                 | CUSIP: N/A<br>LEI: 2138003NEBX5VRP3EX50       | Long             | EC               | CORP              | GB        |   1618876 | NS      | $3813586.04   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Perenti Ltd                    | Perenti Ltd                                | CUSIP: N/A<br>LEI: 25490044GUNE4S2E6K11       | Long             | EC               | CORP              | AU        |   1645996 | NS      | $2752717.14   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Hornbach Holding AG & Co KGaA  | Hornbach Holding AG & Co KGaA              | CUSIP: N/A<br>LEI: 529900EGQZ79V21LBL44       | Long             | EC               | CORP              | DE        |     44929 | NS      | $4565577.63   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Kanto Denka Kogyo Co Ltd       | Kanto Denka Kogyo Co Ltd                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    781545 | NS      | $8833137.55   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Senior PLC                     | Senior PLC                                 | CUSIP: N/A<br>LEI: 5493002HQHWN5JQHKQ51       | Long             | EC               | CORP              | GB        |   1883460 | NS      | $7817819.76   | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Linamar Corp                   | Linamar Corp                               | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |     69816 | NS      | $4811702.03   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Solar A/S                      | Solar A/S                                  | CUSIP: N/A<br>LEI: 21380031XTLI9X5MTY92       | Long             | EC               | CORP              | DK        |     43233 | NS      | $1360517.27   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurubis AG                     | Aurubis AG                                 | CUSIP: N/A<br>LEI: 5299005SHIN9ZK7GW242       | Long             | EC               | CORP              | DE        |     11966 | NS      | $2443223.88   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| YUE YUEN IND                   | Yue Yuen Industrial Holdings Ltd           | CUSIP: N/A<br>LEI: 254900YUFIBANZ1XU687       | Long             | EC               | CORP              | HK        |   2388076 | NS      | $5674557.46   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Origin Enterprises PLC         | Origin Enterprises PLC                     | CUSIP: N/A<br>LEI: 213800AIB4U7N5BLS350       | Long             | EC               | CORP              | IE        |   1773603 | NS      | $8885723.58   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of Ireland Group PLC      | Bank of Ireland Group PLC                  | CUSIP: N/A<br>LEI: 635400C8EK6DRI12LJ39       | Long             | EC               | CORP              | IE        |     39508 | NS      | $771897.74    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Unicaja Banco SA               | Unicaja Banco SA                           | CUSIP: N/A<br>LEI: 5493007SJLLCTM6J6M37       | Long             | EC               | CORP              | ES        |   2008289 | NS      | $6407085.23   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Travis Perkins PLC             | Travis Perkins PLC                         | CUSIP: N/A<br>LEI: 2138001I27OUBAF22K83       | Long             | EC               | CORP              | GB        |    560856 | NS      | $5275763.62   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sawai Group Holdings Co Ltd    | Sawai Group Holdings Co Ltd                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    338089 | NS      | $5024842.76   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Ariston Holding NV             | Ariston Holding NV                         | CUSIP: N/A<br>LEI: 815600CC86D25A205563       | Long             | EC               | CORP              | IT        |    801556 | NS      | $4792420.46   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sabre Insurance Group PLC      | Sabre Insurance Group PLC                  | CUSIP: N/A<br>LEI: 2138006RXRQ8P8VKGV98       | Long             | EC               | CORP              | GB        |   3221549 | NS      | $5947902.55   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Signify NV                     | Signify NV                                 | CUSIP: N/A<br>LEI: 549300072P3J1X8NZO35       | Long             | EC               | CORP              | NL        |    246199 | NS      | $5736720.92   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Spin Master Corp               | Spin Master Corp                           | CUSIP: 848510103<br>LEI: 254900ACUT127TXKWO71 | Long             | EC               | CORP              | CA        |    179510 | NS      | $2533314.39   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-30

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Treasurer & Vice President