0000894189-11-005616.txt : 20111214 0000894189-11-005616.hdr.sgml : 20111214 20111214163948 ACCESSION NUMBER: 0000894189-11-005616 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20111214 DATE AS OF CHANGE: 20111214 EFFECTIVENESS DATE: 20111214 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-17391 FILM NUMBER: 111261435 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 0001027596 S000028018 Niemann Tactical Return Fund C000085232 Class A NCMTX C000085233 Class C NCMCX 497 1 niemanntrf_497e.htm SUPPLEMENTARY MATERIALS niemanntrf_497e.htm  
 
 
 
December 14, 2011

NIEMANN TACTICAL RETURN FUND

Class A and Class C

A series of Advisors Series Trust

Supplement dated December 14, 2011
to the Summary Prospectus, Prospectus
and Statement of Additional Information (“SAI”)
each dated June 28, 2011
 
 

Effective January 1, 2012, the Niemann Tactical Return Fund’s (the “Fund’s”) investment adviser, Niemann Capital Management, Inc., has determined to voluntarily reduce the Fund’s shareholder servicing plan fee accrual from 0.50% of the Fund’s average daily net assets to 0.15% of the Fund’s average daily net assets.  The decrease to the shareholder servicing plan fee is for an indefinite period and notification will be provided in advance of any future increase.




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Please retain this Supplement with your Prospectus and SAI.