# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001193125-26-082958
**Filing Date:** 2026-2
**Character Count:** 22967
**Document Hash:** 1fa11b44a7538c28fa05634db69d5c35
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-082958.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-082958

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260930

**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:** 26700945

**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

### Scharf ETF (Series ID: S000093304)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000261485 | Scharf ETF   | KAT             |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Scharf ETF** | **Scharf ETF** | **Scharf ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 95.3%** | **Shares** | **Value**  |
| **Aerospace & Defense - 2.2%** | **Aerospace & Defense - 2.2%** | |
| Lockheed Martin Corp. | 32422 | $15681549 |
| **Capital Markets - 7.1%** | **Capital Markets - 7.1%** |  |
| Brookfield Corp. | 666014 | 30563382 |
| CME Group, Inc. | 76095 | 20780023 |
|  |  | 51343405 |
| **Entertainment - 2.5%** | **Entertainment - 2.5%** |  |
| Walt Disney Co. | 160480 | 18257810 |
| **Financial Services - 7.8%** | **Financial Services - 7.8%** |  |
| Berkshire Hathaway, Inc. - Class B <sup>(a)</sup> | 56783 | 28541975 |
| Visa, Inc. - Class A | 80490 | 28228648 |
|  |  | 56770623 |
| **Food Products - 2.5%** | **Food Products - 2.5%** |  |
| Hershey Co. | 100058 | 18208555 |
| **Ground Transportation - 6.5%** | **Ground Transportation - 6.5%** |  |
| U-Haul Holding Co. | 272498 | 12736557 |
| Union Pacific Corp. | 147595 | 34141675 |
|  |  | 46878232 |
| **Health Care Equipment & Supplies - 1.9%** | **Health Care Equipment & Supplies - 1.9%** |  |
| Smith & Nephew PLC - ADR | 223690 | 7339269 |
| Smith & Nephew PLC | 367900 | 6141833 |
|  |  | 13481102 |
| **Health Care Providers & Services - 11.0%** | **Health Care Providers & Services - 11.0%** |  |
| Centene Corp. <sup>(a)</sup> | 473657 | 19490986 |
| McKesson Corp. | 55039 | 45147941 |
| UnitedHealth Group, Inc. | 45249 | 14937147 |
|  |  | 79576074 |
| **Hotels, Restaurants & Leisure - 4.0%** | **Hotels, Restaurants & Leisure - 4.0%** |  |
| Booking Holdings, Inc. | 5365 | 28731345 |
| **Insurance - 11.7%** | **Insurance - 11.7%** |  |
| Aon PLC - Class A | 44431 | 15678811 |
| Chubb Ltd. | 80867 | 25240208 |
| Markel Group, Inc. <sup>(a)</sup> | 13725 | 29503946 |
| Marsh & McLennan Cos., Inc. | 77409 | 14360918 |
|  |  | 84783883 |
| **Interactive Media & Services - 3.0%** | **Interactive Media & Services - 3.0%** |  |
| Meta Platforms, Inc. - Class A | 33006 | 21786930 |
| **IT Services - 0.0% <sup>(b)</sup>** | **IT Services - 0.0% <sup>(b)</sup>** |  |
| Accenture PLC - Class A | 260 | 69758 |
| **Life Sciences Tools & Services - 4.2%** | **Life Sciences Tools & Services - 4.2%** |  |
| Agilent Technologies, Inc. | 106754 | 14526017 |
| Thermo Fisher Scientific, Inc. | 27510 | 15940669 |
|  |  | 30466686 |
| **Machinery - 4.5%** | **Machinery - 4.5%** |  |
| Donaldson Co., Inc. | 80488 | 7136066 |
| Otis Worldwide Corp. | 289142 | 25256554 |
|  |  | 32392620 |
| **Metals & Mining - 4.2%** | **Metals & Mining - 4.2%** |  |
| Franco-Nevada Corp. | 146763 | 30421035 |
| **Oil, Gas & Consumable Fuels - 3.4%** | **Oil, Gas & Consumable Fuels - 3.4%** |  |
| Occidental Petroleum Corp. | 599049 | 24632895 |
| **Pharmaceuticals - 7.1%** | **Pharmaceuticals - 7.1%** |  |
| Novartis AG - ADR | 185269 | 25543037 |
| Zoetis, Inc. | 208012 | 26172070 |
|  |  | 51715107 |
| **Software - 11.0%** | **Software - 11.0%** |  |
| Adobe, Inc. <sup>(a)</sup> | 47787 | 16724972 |
| Microsoft Corp. | 86562 | 41863115 |
| Oracle Corp. | 107396 | 20932554 |
|  |  | 79520641 |
| **Technology Hardware, Storage & Peripherals - 0.7%** | **Technology Hardware, Storage & Peripherals - 0.7%** |  |
| Samsung Electronics Co. Ltd. | 63550 | 5289400 |
| **TOTAL COMMON STOCKS** (Cost $513,690,005) | **TOTAL COMMON STOCKS** (Cost $513,690,005) | 690007650 |
| **PREFERRED STOCKS - 2.0%** |  |  |
| **Technology Hardware, Storage & Peripherals - 2.0%** | **Technology Hardware, Storage & Peripherals - 2.0%** |  |
|  Samsung Electronics Co. Ltd., 0.00% | 226948 | 14052800 |
| **TOTAL PREFERRED STOCKS** (Cost $3,670,298) | **TOTAL PREFERRED STOCKS** (Cost $3,670,298) | 14052800 |
| **EXCHANGE TRADED FUNDS - 1.9%** |  |  |
| iShares Silver Trust <sup>(a)</sup> | 146107 | 9412213 |
| SPDR Gold MiniShares Trust <sup>(a)</sup> | 49836 | 4254499 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $8,864,532) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $8,864,532) | 13666712 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.8%** |  |  |
| First American Treasury Obligations Fund - Class Z, 3.64% <sup>(c)</sup> | 5934518 | 5934518 |
| **TOTAL MONEY MARKET FUNDS** (Cost $5,934,518) | **TOTAL MONEY MARKET FUNDS** (Cost $5,934,518) | 5934518 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $532,159,353**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $532,159,353**)** | 723661680 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(b)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(b)</sup> | 331328 |
| **TOTAL NET ASSETS - 100.0%** |  | $723993008 |
| 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) Represents less than 0.05% of net assets.

(c) The rate shown represents the 7-day annualized yield as of December 31, 2025.

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
Scharf ETF (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 December 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 | $690007650 | $– | $– | $690007650 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 14052800 | – | – | 14052800 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 13666712 | – | – | 13666712 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 5934518 | – | – | 5934518 |
| Total Investments | $723661680 | $– | $– | $723661680 |

---

## 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:** Scharf ETF

- **b. EDGAR series identifier (if any):** S000093304

- **c. LEI of Series:** 5299009087NDQMULG802

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $724461445.69

**Total Liabilities:** $513166.75

**Net Assets:** $723948278.94

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261485 | -3.63%               | 0.61%                | 0.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $26026059.25             | $-54010101.21                              |
| Month 2  | $655529.92               | $3794352.61                                |
| Month 3  | $8919701.57              | $-3645746.92                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc                   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     56783 | NS      | $28541974.95  | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc           | Booking Holdings Inc                     | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      5365 | NS      | $28731345.45  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                | Brookfield Corp                          | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    666014 | NS      | $30563382.46  | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corp                   | Centene Corp                             | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    473657 | NS      | $19490985.55  | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                         | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     80488 | NS      | $7136066.08   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V542<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   5934518 | NS      | $5934518.38   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                              | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |    107396 | NS      | $20932554.36  | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco-Nevada Corp             | Franco-Nevada Corp                       | CUSIP: 351858105<br>LEI: 98450064C1B5D3E94864 | Long             | EC               | CORP              | CA        |    146763 | NS      | $30421034.64  | 4.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Group Inc               | Markel Group Inc                         | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |     13725 | NS      | $29503946.25  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                    | Novartis AG                              | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |    185269 | NS      | $25543037.03  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd               | CUSIP: N/A<br>LEI: 9884007ER46L6N7EI764       | Long             | EC               | CORP              | KR        |     63550 | NS      | $5289399.88   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                       | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |    147595 | NS      | $34141675.40  | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     80490 | NS      | $28228647.90  | 3.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                            | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     76095 | NS      | $20780022.60  | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                       | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     33006 | NS      | $21786930.54  | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                     | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     32422 | NS      | $15681548.74  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                                  | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |     44431 | NS      | $15678811.28  | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                           | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |    100058 | NS      | $18208554.84  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corp      | Occidental Petroleum Corp                | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |    599049 | NS      | $24632894.88  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd     | Samsung Electronics Co Ltd               | CUSIP: Y74718118<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    226948 | NS      | $14052800.39  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Gold MiniShares Trust     | SPDR Gold MiniShares Trust               | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |     49836 | NS      | $4254499.32   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                            | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |       260 | NS      | $69758.00     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     80867 | NS      | $25240208.04  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     47787 | NS      | $16724972.13  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc       | Agilent Technologies Inc                 | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |    106754 | NS      | $14526016.78  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC             | Smith & Nephew PLC                       | CUSIP: N/A<br>LEI: 213800ZTMDN8S67S1H61       | Long             | EC               | CORP              | GB        |    367900 | NS      | $6141832.80   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Silver Trust           | iShares Silver Trust                     | CUSIP: 46428Q109<br>LEI: 549300K2C2CG14B0ZA09 | Long             | EC               | RF                | US        |    146107 | NS      | $9412212.94   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc                 | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     77409 | NS      | $14360917.68  | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                  | McKesson Corp                            | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |     55039 | NS      | $45147941.31  | 6.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                           | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     86562 | NS      | $41863114.44  | 5.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC             | Smith & Nephew PLC                       | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |    223690 | NS      | $7339268.90   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                               | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    208012 | NS      | $26172069.84  | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                   | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     45249 | NS      | $14937147.39  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                       | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |    160480 | NS      | $18257809.60  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc             | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     27510 | NS      | $15940669.50  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Co              | U-Haul Holding Co                        | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |    272498 | NS      | $12736556.52  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp            | Otis Worldwide Corp                      | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    289142 | NS      | $25256553.70  | 3.49%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-29

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Treasurer & Vice President