# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001145549-23-019746
**Filing Date:** 2023-3
**Character Count:** 25323
**Document Hash:** 6add46cc3774928ccb94e98cd27dceeb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-019746.hdr.sgml**: 20230330

**ACCESSION NUMBER**: 0001145549-23-019746

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230330

**DATE AS OF CHANGE**: 20230330

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS SERIES TRUST
- **CENTRAL INDEX KEY:** 0001027596
- **IRS NUMBER:** 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:** 23777643

**BUSINESS ADDRESS:**
- **STREET 1:** U.S BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-5340

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

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **First Sentier Global Listed Infrastructure Fund** | **First Sentier Global Listed Infrastructure Fund** | |
| **Schedule of Investments** | **Schedule of Investments** | |
| **at January 31, 2023 (Unaudited)** | **at January 31, 2023 (Unaudited)** | |
| **Shares** |  |<br><br>**Value** |
| | **COMMON STOCKS: 88.14%** | |
| | **Airport Services - 8.09%** | |
| 21425 | Aena SME SA^ | $3219070 |
| 7772 | Flughafen Zurich AG\*^ | 1416011 |
| 83575 | Grupo Aeroportuario del Sureste SAB de CV - Class B^ | 2264543 |
|  |  | 6899624 |
|  | **Construction & Engineering - 2.31%** |  |
| 17445 | VINCI SA^ | 1971095 |
|  | **Electric Utilities - 33.45%** |  |
| 33330 | Alliant Energy Corp. | 1800820 |
| 42839 | Duke Energy Corp. | 4388856 |
| 51800 | Emera, Inc.^ | 2062579 |
| 28365 | Entergy Corp. | 3071362 |
| 31555 | Evergy, Inc. | 1976921 |
| 21315 | Exelon Corp. | 899280 |
| 43325 | FirstEnergy Corp. | 1774159 |
| 48084 | NextEra Energy, Inc. | 3588509 |
| 12732 | Pinnacle West Capital Corp. | 949171 |
| 95036 | PPL Corp. | 2813066 |
| 125648 | SSE plc^ | 2681912 |
| 36485 | Xcel Energy, Inc. | 2509073 |
|  |  | 28515708 |
|  | **Environmental & Facilities Services - 0.61%** |  |
| 4196 | Republic Services, Inc. | 523745 |
|  | **Gas Utilities - 5.23%** |  |
| 20800 | AltaGas Ltd.^ | 388940 |
| 108800 | ENN Energy Holdings Ltd.^ | 1639260 |
| 12076 | ONE Gas, Inc. | 994579 |
| 51383 | Rubis SCA^ | 1437963 |
|  |  | 4460742 |
|  | **Highways & Railtracks - 16.01%** |  |
| 444999 | Atlas Arteria Ltd.^ | 2164223 |
| 665200 | CCR SA^ | 1541034 |
| 55575 | Getlink S.E.^ | 939979 |
| 1298000 | Jiangsu Expressway Co. Ltd. - Class H^ | 1278375 |
| 139897 | Promotora y Operadora de Infraestructura SAB de CV^ | 1365352 |
| 648453 | Transurban Group^ | 6357535 |
|  |  | 13646498 |
|  | **Integrated Telecommunication Services - 1.24%** |  |
| 96046 | Infrastrutture Wireless Italiane SpA^ | 1052543 |
|  | **Multi-Utilities - 5.71%** |  |
| 48935 | CenterPoint Energy, Inc. | 1473922 |
| 43475 | Dominion Energy, Inc. | 2766749 |
| 216641 | Hera SpA^ | 622324 |
|  |  | 4862995 |
|  | **Oil & Gas Storage & Transportation - 7.35%** |  |
| 15986 | Cheniere Energy, Inc. | 2442501 |
| 32240 | DT Midstream, Inc. | 1762238 |
| 11900 | Pembina Pipeline Corp.^ | 422231 |
| 21804 | Targa Resources Corp. | 1635736 |
|  |  | 6262706 |
|  | **Railroads - 7.04%** |  |
| 509667 | Aurizon Holdings Ltd.^ | 1332150 |
| 67356 | CSX Corp. | 2082647 |
| 12658 | Union Pacific Corp. | 2584637 |
|  |  | 5999434 |
|  | **Water Utilities - 1.10%** |  |
| 864000 | Guangdong Investment Ltd.^ | 938666 |
|  | TOTAL COMMON STOCKS (Cost $73,742,100) | 75133756 |
|  | **REITs: 8.19%** |  |
|  | **Real Estate - 8.19%** |  |
| 17230 | American Tower Corp. | 3849010 |
| 21129 | Crown Castle International Corp. | 3129416 |
|  | TOTAL REITs (Cost $6,857,858) | 6978426 |
|  | Total Investments in Securities (Cost $80,599,958): 96.33% | **82112182** |
|  | Other Assets in Excess of Liabilities: 3.67% | **3126083** |
|  | Net Assets: 100.00% | $**85238265** |
|  | \* Non-income producing security. |  |
|  | ^ Foreign issuer. |  |
| AG | Aktiengesellschaft is the German term for a public limited company. |  |
| Ltd. | Company is incorporated and shareholders have limited liability. |  |
| plc | Public Limited Company is a publicly traded company which signifies that shareholders have limited liability. | Public Limited Company is a publicly traded company which signifies that shareholders have limited liability. |
| REIT | Real Estate Investment Trust |  |
| SA | An abbreviation used by many countries to signify a stock company whereby shareholders have limited liability. | An abbreviation used by many countries to signify a stock company whereby shareholders have limited liability. |
| SAB de CV | Sociedad Anonima de Capital Variable which is the most formal business structure in Mexico. | Sociedad Anonima de Capital Variable which is the most formal business structure in Mexico. |
| SpA | Società per Azioni is the Italian term for a limited share company. |  |
| SCA | Societe en commandite par actions is the French term for a limited share company. | Societe en commandite par actions is the French term for a limited share company. |
| S.E. | Company is a European company. |  |
| The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's | The Global Industry Classification Standard (GICS<sup>®</sup>) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's |
| Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. | Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. | Financial Services LLC ("S&P"). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. |

---

---

| | |
|:---|:---|
| **<u>Country Allocation</u>** | **<u>Country Allocation</u>** |
| <u>Country</u> | <u>% of Net Assets</u> |
| United States | 58.83% |
| Australia | 11.56% |
| France | 5.10% |
| China | 4.52% |
| Mexico | 4.26% |
| Spain | 3.78% |
| Canada | 3.37% |
| United Kingdom | 3.15% |
| Italy | 1.96% |
| Brazil | 1.81% |
| Switzerland | <u>1.66%</u> |
|  | <u>100.00%</u> |

---

------

---

| |
|:---|
| **First Sentier Global Listed Infrastructure Fund** |
| **Summary of Fair Value Disclosure at January 31, 2023 (Unaudited)** |
| The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United |
| States of America ("U.S. GAAP") establish a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| 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 would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **First Sentier Global Listed Infrastructure Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Common Stocks** | | | | |
| Communication Services | $- | $1052543 | $- | $1052543 |
| Energy | 6262706 | - | - | 6262706 |
| Industrials | 10361959 | 18678438 | - | 29040397 |
| Utilities | 31457985 | 7320125 | - | 38778110 |
| **Total Common Stocks** | 48082650 | 27051106 | - | 75133756 |
| **REITs** | 6978426 | - | - | 6978426 |
| **Total Investments in Securities** | $55061076 | $27051106 | $- | $82112182 |
| Refer to the Fund's schedule of investments for a detailed break-out of holdings by industry classification. | Refer to the Fund's schedule of investments for a detailed break-out of holdings by industry classification. | Refer to the Fund's schedule of investments for a detailed break-out of holdings by industry classification. |  |  |

---

## 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:** First Sentier Global Listed Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000056566

- **c. LEI of Series:** 549300XCQ3ZJ357GRH97

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $85393417.40

**Total Liabilities:** $155762.54

**Net Assets:** $85237654.86

**Cash Not Reported:** $3066064.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000178944 | 8.96%                | -3.02%               | 4.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-62542.32               | $6769616.50                                |
| Month 2  | $751205.85               | $-3530484.21                               |
| Month 3  | $300014.66               | $3119957.71                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alliant Energy Corp            | Alliant Energy Corp                                | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     33330 | NS      | $1800819.90   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                        | SSE PLC                                            | CUSIP: N/A<br>LEI: 549300KI75VYLLMSK856       | Long             | EC               | CORP              | GB        |    125648 | NS      | $2681911.82   | 3.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     43475 | NS      | $2766749.00   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Surest | Grupo Aeroportuario del Sureste SAB de CV          | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     83575 | NS      | $2264542.75   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     31555 | NS      | $1976920.75   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     15986 | NS      | $2442500.94   | 2.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     21129 | NS      | $3129416.19   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                                   | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32240 | NS      | $1762238.40   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PINFRA                         | Promotora y Operadora de Infraestructura SAB de CV | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |    139897 | NS      | $1365352.52   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp            | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     17230 | NS      | $3849009.70   | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                                   | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     42839 | NS      | $4388855.55   | 5.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Emera Inc                      | Emera Inc                                          | CUSIP: 290876101<br>LEI: NQZVQT2P5IUF2PGA1Q48 | Long             | EC               | CORP              | CA        |     51800 | NS      | $2062578.63   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CCR SA                         | CCR SA                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |    665200 | NS      | $1541034.22   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                   | Entergy Corp                                       | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |     28365 | NS      | $3071362.20   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp               | FirstEnergy Corp                                   | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     43325 | NS      | $1774158.75   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Jiangsu Expressway Co Ltd      | Jiangsu Expressway Co Ltd                          | CUSIP: N/A<br>LEI: 529900UWWTWZ6AKLYD43       | Long             | EC               | CORP              | CN        |   1298000 | NS      | $1278375.10   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group               | Transurban Group                                   | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |    648453 | NS      | $6357534.86   | 7.46%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                                 | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48084 | NS      | $3588508.92   | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Guangdong Investment Ltd       | Guangdong Investment Ltd                           | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | HK        |    864000 | NS      | $938666.09    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| PPL Corp                       | PPL Corp                                           | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     95036 | NS      | $2813065.60   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle West Capital Corp     | Pinnacle West Capital Corp                         | CUSIP: 723484101<br>LEI: TWSEY0NEDUDCKS27AH81 | Long             | EC               | CORP              | US        |     12732 | NS      | $949170.60    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                       | Hera SpA                                           | CUSIP: N/A<br>LEI: 8156009414FD99443B48       | Long             | EC               | CORP              | IT        |    216641 | NS      | $622324.49    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc                              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      4196 | NS      | $523744.72    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                               | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     21804 | NS      | $1635736.08   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     12658 | NS      | $2584637.02   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                                    | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     36485 | NS      | $2509073.45   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                       | Vinci SA                                           | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |     17445 | NS      | $1971095.20   | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Getlink SE                     | Getlink SE                                         | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |     55575 | NS      | $939978.89    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| AltaGas Ltd                    | AltaGas Ltd                                        | CUSIP: 021361100<br>LEI: 549300D7A8QA85Z2MH11 | Long             | EC               | CORP              | CA        |     15200 | NS      | $284225.32    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pembina Pipeline Corp          | Pembina Pipeline Corp                              | CUSIP: 706327103<br>LEI: 5493002W3L9YICM6FU21 | Long             | EC               | CORP              | CA        |     11900 | NS      | $422230.66    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurizon Holdings Ltd           | Aurizon Holdings Ltd                               | CUSIP: N/A<br>LEI: 5299005PC1O6NOWL3H48       | Long             | EC               | CORP              | AU        |    509667 | NS      | $1332149.66   | 1.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Rubis SCA                      | Rubis SCA                                          | CUSIP: N/A<br>LEI: 969500MGFIKUGLTC9742       | Long             | EC               | CORP              | FR        |     51383 | NS      | $1437962.67   | 1.69%             |  |  |  | No            |                  2 | On Loan: No      |
| Aena SME SA                    | Aena SME SA                                        | CUSIP: E526K0106<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     21425 | NS      | $3219070.22   | 3.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Flughafen Zurich AG            | Flughafen Zurich AG                                | CUSIP: N/A<br>LEI: 529900PFO97GCN5SYB55       | Long             | EC               | CORP              | CH        |      7772 | NS      | $1416011.15   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Arteria Ltd              | Atlas Arteria Ltd                                  | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        |    444999 | NS      | $2164223.02   | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Infrastrutture Wireless Italia | Infrastrutture Wireless Italiane SpA               | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |     96046 | NS      | $1052543.10   | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| CSX Corp                       | CSX Corp                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |     67356 | NS      | $2082647.52   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc         | CenterPoint Energy Inc                             | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     48935 | NS      | $1473922.20   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     21315 | NS      | $899279.85    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ENN Energy Holdings Ltd        | ENN Energy Holdings Ltd                            | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | CN        |    108800 | NS      | $1639259.91   | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| ONE Gas Inc                    | ONE Gas Inc                                        | CUSIP: 68235P108<br>LEI: 549300HXDWI0LATTX840 | Long             | EC               | CORP              | US        |     12076 | NS      | $994579.36    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-20

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Vice President, Treasurer