# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001145549-25-040241
**Filing Date:** 2025-6
**Character Count:** 18049
**Document Hash:** 4eaf02d22d8c06cc23f98831b74592cb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-040241.hdr.sgml**: 20250618

**ACCESSION NUMBER**: 0001145549-25-040241

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250618

**DATE AS OF CHANGE**: 20250618

**PERIOD START**: 20251031

**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:** 251056078

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

## 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:** 2025-10-31

- **b. Date as of which information is reported:** 2025-04-30

**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:** $133089697.44

**Total Liabilities:** $105414.53

**Net Assets:** $132984282.91

**Cash Not Reported:** $2481690.92

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000178944 | 3.10%                | 1.59%                | 2.00%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $297760.61               | $3508583.71                                |
| Month 2  | $186882.48               | $1676466.62                                |
| Month 3  | $228116.70               | $2240483.43                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AES Corp/The                   | AES Corp/The                                       | CUSIP: 00130H105<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | EC               | CORP              | US        |     51496 | NS      | $514960.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc | American Electric Power Co Inc                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |     59159 | NS      | $6409286.06   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |     20700 | NS      | $4783977.00   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| DT Midstream Inc               | DT Midstream Inc                                   | CUSIP: 23345M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11121 | NS      | $1080961.20   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| CCR SA                         | CCR SA                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | BR        |   1207200 | NS      | $2867423.06   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                         | RWE AG                                             | CUSIP: N/A<br>LEI: 529900GB7KCA94ACC940       | Long             | EC               | CORP              | DE        |     60871 | NS      | $2363870.91   | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Transurban Group               | Transurban Group                                   | CUSIP: N/A<br>LEI: 549300ZR71SUQ4VUTM79       | Long             | EC               | CORP              | AU        |    721415 | NS      | $6500931.76   | 4.89%             |  |  |  | No            |                  2 | On Loan: No      |
| ENN Energy Holdings Ltd        | ENN Energy Holdings Ltd                            | CUSIP: N/A<br>LEI: 549300V7BXPWT6WIPR03       | Long             | EC               | CORP              | CN        |    252000 | NS      | $1989383.65   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                          | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |     47110 | NS      | $3870557.60   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Grou | Public Service Enterprise Group Inc                | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |     50129 | NS      | $4006810.97   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Hera SpA                       | Hera SpA                                           | CUSIP: N/A<br>LEI: 8156009414FD99443B48       | Long             | EC               | CORP              | IT        |    393872 | NS      | $1864678.92   | 1.40%             |  |  |  | No            |                  2 | On Loan: No      |
| SBA Communications Corp        | SBA Communications Corp                            | CUSIP: 78410G104<br>LEI: 5299001HX8ZN8Y8QIT49 | Long             | EC               | CORP              | US        |     11234 | NS      | $2734355.60   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                                    | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     73963 | NS      | $5229184.10   | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris SA          | Aeroports de Paris SA                              | CUSIP: N/A<br>LEI: 969500PJMBSFHYC37989       | Long             | EC               | CORP              | FR        |     15490 | NS      | $1936972.11   | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| AltaGas Ltd                    | AltaGas Ltd                                        | CUSIP: 021361100<br>LEI: 2549008X5V70MOS4HM10 | Long             | EC               | CORP              | CA        |     46000 | NS      | $1361381.11   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                                   | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     49718 | NS      | $6066590.36   | 4.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                         | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |     49786 | NS      | $3440212.60   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                       | Vinci SA                                           | CUSIP: N/A<br>LEI: 213800WFQ334R8UXUG83       | Long             | EC               | CORP              | FR        |     17718 | NS      | $2488797.36   | 1.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Flughafen Zurich AG            | Flughafen Zurich AG                                | CUSIP: N/A<br>LEI: 529900PFO97GCN5SYB55       | Long             | EC               | CORP              | CH        |     14317 | NS      | $3607635.53   | 2.71%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp            | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |     12464 | NS      | $2809510.24   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                       | CSX Corp                                           | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |    146993 | NS      | $4126093.51   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy Inc            | Dominion Energy Inc                                | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     66023 | NS      | $3590330.74   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Exelon Corp                    | Exelon Corp                                        | CUSIP: 30161N101<br>LEI: 3SOUA6IRML7435B56G12 | Long             | EC               | CORP              | US        |     60903 | NS      | $2856350.70   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc          | GFL Environmental Inc                              | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     28053 | NS      | $1399844.70   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| BEIJING AIRPORT                | Beijing Capital International Airport Co Ltd       | CUSIP: N/A<br>LEI: 5299001QWQN7CK66FE04       | Long             | EC               | CORP              | CN        |   3568000 | NS      | $1286236.03   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airport Terminal Co Ltd  | Japan Airport Terminal Co Ltd                      | CUSIP: N/A<br>LEI: 353800W9WEQSGUY2EO26       | Long             | EC               | CORP              | JP        |     62100 | NS      | $1786179.42   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     19816 | NS      | $1325294.08   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp          | Norfolk Southern Corp                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |     19375 | NS      | $4340968.75   | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| PG&E Corp                      | PG&E Corp                                          | CUSIP: 69331C108<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EC               | CORP              | US        |    204413 | NS      | $3376902.76   | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| West Japan Railway Co          | West Japan Railway Co                              | CUSIP: N/A<br>LEI: 353800QGUXHZ7EBCR121       | Long             | EC               | CORP              | JP        |     78700 | NS      | $1655532.85   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Severn Trent PLC               | Severn Trent PLC                                   | CUSIP: N/A<br>LEI: 213800RPBXRETY4A4C59       | Long             | EC               | CORP              | GB        |     83461 | NS      | $3104505.28   | 2.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Getlink SE                     | Getlink SE                                         | CUSIP: N/A<br>LEI: 9695007ZEQ7M0OE74G82       | Long             | EC               | CORP              | FR        |    243154 | NS      | $4617057.12   | 3.47%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd                   | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     47500 | NS      | $3450003.63   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PINFRA                         | Promotora y Operadora de Infraestructura SAB de CV | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |    210687 | NS      | $2357464.03   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                               | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     11539 | NS      | $1972015.10   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC              | National Grid PLC                                  | CUSIP: N/A<br>LEI: 8R95QZMKZLJX5Q2XR704       | Long             | EC               | CORP              | GB        |    406245 | NS      | $5863754.28   | 4.41%             |  |  |  | No            |                  2 | On Loan: No      |
| China Tower Corp Ltd           | China Tower Corp Ltd                               | CUSIP: N/A<br>LEI: 300300T6BNNP0L7O7H91       | Long             | EC               | CORP              | CN        |   1119716 | NS      | $1621882.98   | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Atlas Arteria Ltd              | Atlas Arteria Ltd                                  | CUSIP: N/A<br>LEI: 254900SGF4ZQDBH2YC59       | Long             | EC               | CORP              | AU        |    834415 | NS      | $2763877.02   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     24874 | NS      | $2630674.24   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Eversource Energy              | Eversource Energy                                  | CUSIP: 30040W108<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | EC               | CORP              | US        |     55765 | NS      | $3316902.20   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI Corp                       | UGI Corp                                           | CUSIP: 902681105<br>LEI: DX6GCWD4Q1JO9CRE5I40 | Long             | EC               | CORP              | US        |     60770 | NS      | $1992648.30   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Pacifi | Grupo Aeroportuario del Pacifico SAB de CV         | CUSIP: P4959P100<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    173420 | NS      | $3514119.46   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italia | Infrastrutture Wireless Italiane SpA               | CUSIP: N/A<br>LEI: 81560066183FE361C071       | Long             | EC               | CORP              | IT        |    131090 | NS      | $1565494.65   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-22

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Kevin Hayden

**Name of Signer:** Advisors Series Trust

**Title:** Vice President, Treasurer