# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0000894189-25-005014
**Filing Date:** 2025-7
**Character Count:** 4248
**Document Hash:** d140f08b62a9ca01069e9821da7e9da1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-005014.hdr.sgml**: 20250717

**ACCESSION NUMBER**: 0000894189-25-005014

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250717

**DATE AS OF CHANGE**: 20250717

**EFFECTIVENESS DATE**: 20250717

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-17391
- **FILM NUMBER:** 251129702

**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

### First Sentier Global Listed Infrastructure Fund (Series ID: S000056566)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | FLIIX         | C000178944 |

---

### First Sentier American Listed Infrastructure Fund (Series ID: S000069943)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class I    | FLIAX         | C000222774 |

---

## Series and Classes Contracts Data

### First Sentier Global Listed Infrastructure Fund (Series ID: S000056566)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000178944 | Class I      | FLIIX           |

### First Sentier American Listed Infrastructure Fund (Series ID: S000069943)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000222774 | Class I      | FLIAX           |

![firstsentierlogogreen-blue.jpg](firstsentierlogogreen-blue.jpg)

**First Sentier American Listed Infrastructure Fund**

---

| | |
|:---|:---|
| **Class I** | **FLIAX** |

---

**First Sentier Global Listed Infrastructure Fund**

---

| | |
|:---|:---|
| **Class I** | **FLIIX** |

---

**Each a series of Advisors Series Trust**

**Supplement dated July 17, 2025 to the Prospectus and** 

**Statement of Additional Information ("SAI"), each dated February 28, 2025**

We wish to inform you that at the recommendation of First Sentier Investors (US) LLC, the investment adviser of the First Sentier American Listed Infrastructure Fund and the First Sentier Global Listed Infrastructure Fund (each an "Acquired Fund" and together the "Acquired Funds"), the Board of Trustees of Advisors Series Trust (the "Trust") has voted to approve an Agreement and Plan of Reorganization whereby each Acquired Fund would reorganize out of the Trust and into a corresponding series of Datum One Series Trust that was newly created specifically for such reorganization (each an "Acquiring Fund" and together the "Acquiring Funds") (the "Reorganization"). The Reorganization is intended to be tax-free for U.S. federal income tax purposes.

Each Acquired Fund and its corresponding Acquiring Fund will have identical investment objectives and will have substantially similar principal investment strategies. Each Acquired Fund and each Acquiring Fund's investment adviser and portfolio managers will remain the same. However, the Reorganization would result in the Acquiring Funds being under the supervision of a different Board of Trustees and receiving key services from different service providers.

In the next few weeks, shareholders of record of the Acquired Funds will receive a proxy statement soliciting their vote with respect to the proposed Reorganization. If approved, the Reorganization is anticipated to take effect on or about November 3, 2025, or such other date as the parties may agree. Approval of the Reorganization, with respect to each Acquired Fund, requires the affirmative vote of a majority of the outstanding shares of such Fund. When you receive your proxy statement, please review it and cast your vote as instructed in the materials so the Trust may avoid any future solicitations.

\* \* \* \* \*

**Please retain this Supplement with your Prospectus and SAI.**

<br>