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Exhibit
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Exhibit No.
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Instance Document
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EX-101.INS
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Schema Document
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EX-101.SCH
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Calculation Linkbase Document
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EX-101.CAL
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Definition Linkbase Document
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EX-101.DEF
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Label Linkbase Document
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EX-101.LAB
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Presentation Linkbase Document
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EX-101.PRE
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| Label | Element | Value |
|---|---|---|
| Risk/Return: | rr_RiskReturnAbstract | |
| Prospectus Date | rr_ProspectusDate | Mar. 31, 2014 |
| Pzena Mid Cap Focused Value Fund | ||
| Pzena Mid Cap Focused Value Fund | ||
October 17, 2014 Pzena Mid Cap Focused Value Fund Pzena Emerging Markets Focused Value Fund Pzena Long/Short Value Fund Each, a series of Advisors Series Trust Investor Class Institutional Class Supplement to the Summary Prospectuses, Prospectus, and Statement of Additional Information (“SAI”), each dated March 31, 2014, as supplemented on June 23, 2014 (with respect to the Pzena Long/Short Value Fund) Effective October 17, 2014, upon the recommendation of Pzena Investment Management, LLC (the “Adviser”), investment adviser to the Pzena Mid Cap Focused Value Fund, Pzena Emerging Markets Focused Value Fund, and the Pzena Long/Short Value Fund (each a “Fund” and collectively, the “Funds”), each Fund’s principal investment strategies are being revised to allow for investments in real estate investment trusts as a principal strategy. In connection with this change, effective October 17, 2014, the following modifications are made to the Funds’ Summary Prospectuses, Prospectus, and SAI. |
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The following sentence is added as the last sentence of the first paragraph of each Fund’s “Principal Investment Strategies” section: Summary Prospectus and Prospectus: The Fund may also invest in real estate investment trusts (“REITs”). |
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The following risk is added to each Fund’s “Principal Risks” section before “New Fund Risk”: Summary Prospectus and Prospectus:
|
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Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference. |
| Pzena Long/Short Value Fund | ||
| Pzena Long/Short Value Fund | ||
October 17, 2014 Pzena Mid Cap Focused Value Fund Pzena Emerging Markets Focused Value Fund Pzena Long/Short Value Fund Each, a series of Advisors Series Trust Investor Class Institutional Class Supplement to the Summary Prospectuses, Prospectus, and Statement of Additional Information (“SAI”), each dated March 31, 2014, as supplemented on June 23, 2014 (with respect to the Pzena Long/Short Value Fund) Effective October 17, 2014, upon the recommendation of Pzena Investment Management, LLC (the “Adviser”), investment adviser to the Pzena Mid Cap Focused Value Fund, Pzena Emerging Markets Focused Value Fund, and the Pzena Long/Short Value Fund (each a “Fund” and collectively, the “Funds”), each Fund’s principal investment strategies are being revised to allow for investments in real estate investment trusts as a principal strategy. In connection with this change, effective October 17, 2014, the following modifications are made to the Funds’ Summary Prospectuses, Prospectus, and SAI. |
||
The following sentence is added as the last sentence of the first paragraph of each Fund’s “Principal Investment Strategies” section: Summary Prospectus and Prospectus: The Fund may also invest in real estate investment trusts (“REITs”). |
||
The following risk is added to each Fund’s “Principal Risks” section before “New Fund Risk”: Summary Prospectus and Prospectus:
|
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Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference. |
| Label | Element | Value | ||
|---|---|---|---|---|
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Pzena Long/Short Value Fund
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| Risk/Return: | rr_RiskReturnAbstract | |||
| Supplement [Text Block] | ck0001027596_SupplementTextBlock | October 17, 2014 Pzena Mid Cap Focused Value Fund Pzena Emerging Markets Focused Value Fund Pzena Long/Short Value Fund Each, a series of Advisors Series Trust Investor Class Institutional Class Supplement to the Summary Prospectuses, Prospectus, and Statement of Additional Information (“SAI”), each dated March 31, 2014, as supplemented on June 23, 2014 (with respect to the Pzena Long/Short Value Fund) Effective October 17, 2014, upon the recommendation of Pzena Investment Management, LLC (the “Adviser”), investment adviser to the Pzena Mid Cap Focused Value Fund, Pzena Emerging Markets Focused Value Fund, and the Pzena Long/Short Value Fund (each a “Fund” and collectively, the “Funds”), each Fund’s principal investment strategies are being revised to allow for investments in real estate investment trusts as a principal strategy. In connection with this change, effective October 17, 2014, the following modifications are made to the Funds’ Summary Prospectuses, Prospectus, and SAI. |
||
| Risk/Return [Heading] | rr_RiskReturnHeading | Pzena Long/Short Value Fund | ||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The following sentence is added as the last sentence of the first paragraph of each Fund’s “Principal Investment Strategies” section: Summary Prospectus and Prospectus: The Fund may also invest in real estate investment trusts (“REITs”). |
||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The following risk is added to each Fund’s “Principal Risks” section before “New Fund Risk”: Summary Prospectus and Prospectus:
|
||
| Risk Closing [Text Block] | rr_RiskClosingTextBlock | Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference. |
| Label | Element | Value | ||
|---|---|---|---|---|
|
Pzena Mid Cap Focused Value Fund
|
||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Supplement [Text Block] | ck0001027596_SupplementTextBlock | October 17, 2014 Pzena Mid Cap Focused Value Fund Pzena Emerging Markets Focused Value Fund Pzena Long/Short Value Fund Each, a series of Advisors Series Trust Investor Class Institutional Class Supplement to the Summary Prospectuses, Prospectus, and Statement of Additional Information (“SAI”), each dated March 31, 2014, as supplemented on June 23, 2014 (with respect to the Pzena Long/Short Value Fund) Effective October 17, 2014, upon the recommendation of Pzena Investment Management, LLC (the “Adviser”), investment adviser to the Pzena Mid Cap Focused Value Fund, Pzena Emerging Markets Focused Value Fund, and the Pzena Long/Short Value Fund (each a “Fund” and collectively, the “Funds”), each Fund’s principal investment strategies are being revised to allow for investments in real estate investment trusts as a principal strategy. In connection with this change, effective October 17, 2014, the following modifications are made to the Funds’ Summary Prospectuses, Prospectus, and SAI. |
||
| Risk/Return [Heading] | rr_RiskReturnHeading | Pzena Mid Cap Focused Value Fund | ||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The following sentence is added as the last sentence of the first paragraph of each Fund’s “Principal Investment Strategies” section: Summary Prospectus and Prospectus: The Fund may also invest in real estate investment trusts (“REITs”). |
||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The following risk is added to each Fund’s “Principal Risks” section before “New Fund Risk”: Summary Prospectus and Prospectus:
|
||
| Risk Closing [Text Block] | rr_RiskClosingTextBlock | Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference. |
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Document and Entity Information
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0 Months Ended |
|---|---|
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Oct. 17, 2014
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| Risk/Return: | |
| Document Type | 497 |
| Document Period End Date | Oct. 17, 2014 |
| Registrant Name | ADVISORS SERIES TRUST |
| Central Index Key | 0001027596 |
| Amendment Flag | false |
| Document Creation Date | Oct. 17, 2014 |
| Document Effective Date | Oct. 17, 2014 |
| Prospectus Date | Mar. 31, 2014 |
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Pzena Mid Cap Focused Value Fund | Investor Class
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| Risk/Return: | |
| Trading Symbol | PZVMX |
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Pzena Mid Cap Focused Value Fund | Institutional Class
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| Risk/Return: | |
| Trading Symbol | PZIMX |
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Pzena Emerging Markets Focused Value Fund | Investor Class
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| Risk/Return: | |
| Trading Symbol | PZVEX |
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Pzena Emerging Markets Focused Value Fund | Institutional Class
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| Risk/Return: | |
| Trading Symbol | PZIEX |
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Pzena Long/Short Value Fund | Investor Class
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| Risk/Return: | |
| Trading Symbol | PZVLX |
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Pzena Long/Short Value Fund | Institutional Class
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| Risk/Return: | |
| Trading Symbol | PZILX |
| Pzena Emerging Markets Focused Value Fund | ||
| Pzena Emerging Markets Focused Value Fund | ||
October 17, 2014 Pzena Mid Cap Focused Value Fund Pzena Emerging Markets Focused Value Fund Pzena Long/Short Value Fund Each, a series of Advisors Series Trust Investor Class Institutional Class Supplement to the Summary Prospectuses, Prospectus, and Statement of Additional Information (“SAI”), each dated March 31, 2014, as supplemented on June 23, 2014 (with respect to the Pzena Long/Short Value Fund) Effective October 17, 2014, upon the recommendation of Pzena Investment Management, LLC (the “Adviser”), investment adviser to the Pzena Mid Cap Focused Value Fund, Pzena Emerging Markets Focused Value Fund, and the Pzena Long/Short Value Fund (each a “Fund” and collectively, the “Funds”), each Fund’s principal investment strategies are being revised to allow for investments in real estate investment trusts as a principal strategy. In connection with this change, effective October 17, 2014, the following modifications are made to the Funds’ Summary Prospectuses, Prospectus, and SAI. |
||
The following sentence is added as the last sentence of the first paragraph of each Fund’s “Principal Investment Strategies” section: Summary Prospectus and Prospectus: The Fund may also invest in real estate investment trusts (“REITs”). |
||
The following risk is added to each Fund’s “Principal Risks” section before “New Fund Risk”: Summary Prospectus and Prospectus:
|
||
Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference. |
| Label | Element | Value | ||
|---|---|---|---|---|
|
Pzena Emerging Markets Focused Value Fund
|
||||
| Risk/Return: | rr_RiskReturnAbstract | |||
| Supplement [Text Block] | ck0001027596_SupplementTextBlock | October 17, 2014 Pzena Mid Cap Focused Value Fund Pzena Emerging Markets Focused Value Fund Pzena Long/Short Value Fund Each, a series of Advisors Series Trust Investor Class Institutional Class Supplement to the Summary Prospectuses, Prospectus, and Statement of Additional Information (“SAI”), each dated March 31, 2014, as supplemented on June 23, 2014 (with respect to the Pzena Long/Short Value Fund) Effective October 17, 2014, upon the recommendation of Pzena Investment Management, LLC (the “Adviser”), investment adviser to the Pzena Mid Cap Focused Value Fund, Pzena Emerging Markets Focused Value Fund, and the Pzena Long/Short Value Fund (each a “Fund” and collectively, the “Funds”), each Fund’s principal investment strategies are being revised to allow for investments in real estate investment trusts as a principal strategy. In connection with this change, effective October 17, 2014, the following modifications are made to the Funds’ Summary Prospectuses, Prospectus, and SAI. |
||
| Risk/Return [Heading] | rr_RiskReturnHeading | Pzena Emerging Markets Focused Value Fund | ||
| Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The following sentence is added as the last sentence of the first paragraph of each Fund’s “Principal Investment Strategies” section: Summary Prospectus and Prospectus: The Fund may also invest in real estate investment trusts (“REITs”). |
||
| Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The following risk is added to each Fund’s “Principal Risks” section before “New Fund Risk”: Summary Prospectus and Prospectus:
|
||
| Risk Closing [Text Block] | rr_RiskClosingTextBlock | Please retain this Supplement with your Summary Prospectus, Prospectus and SAI for future reference. |