<SEC-DOCUMENT>0000894189-17-000094-index.html : 20170109 <SEC-HEADER>0000894189-17-000094.hdr.sgml : 20170109 <ACCEPTANCE-DATETIME>20170109171316 ACCESSION NUMBER: 0000894189-17-000094 CONFORMED SUBMISSION TYPE: DEF 14A CONFIRMING COPY: PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20170109 FILED AS OF DATE: 20170109 DATE AS OF CHANGE: 20170109 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: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 333-17391 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> <EXISTING-SERIES-AND-CLASSES-CONTRACTS> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000000021 <SERIES-NAME>American Trust Allegiance Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000000034 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>ATAFX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005062 <SERIES-NAME>Capital Advisors Growth Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013847 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>CIAOX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005064 <SERIES-NAME>PIA BBB Bond Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013849 <CLASS-CONTRACT-NAME>Managed Account Completion Shares <CLASS-CONTRACT-TICKER-SYMBOL>PBBBX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005065 <SERIES-NAME>PIA Short-Term Securities Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013850 <CLASS-CONTRACT-NAME>Advisor Class <CLASS-CONTRACT-TICKER-SYMBOL>PIASX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005067 <SERIES-NAME>PIA MBS Bond Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013852 <CLASS-CONTRACT-NAME>Managed Account Completion Shares <CLASS-CONTRACT-TICKER-SYMBOL>PMTGX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005073 <SERIES-NAME>Chase Growth Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013859 <CLASS-CONTRACT-NAME>Class N <CLASS-CONTRACT-TICKER-SYMBOL>CHASX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000043306 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>CHAIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005074 <SERIES-NAME>Chase Mid-Cap Growth Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013860 <CLASS-CONTRACT-NAME>Class N <CLASS-CONTRACT-TICKER-SYMBOL>CHAMX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000110232 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>CHIMX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000005075 <SERIES-NAME>Edgar Lomax Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000013862 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>LOMAX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000018427 <SERIES-NAME>Huber Capital Equity Income Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000050919 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>HULIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000106239 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>HULEX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000018428 <SERIES-NAME>Huber Capital Small Cap Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000050920 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>HUSIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000106240 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>HUSEX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000022607 <SERIES-NAME>Davidson Multi-Cap Equity Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000065364 <CLASS-CONTRACT-NAME>Class A <CLASS-CONTRACT-TICKER-SYMBOL>DFMAX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000065365 <CLASS-CONTRACT-NAME>Class C <CLASS-CONTRACT-TICKER-SYMBOL>DFMCX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000132969 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>DFMIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000029818 <SERIES-NAME>O'Shaughnessy All Cap Core Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000091688 <CLASS-CONTRACT-NAME>Class A <CLASS-CONTRACT-TICKER-SYMBOL>OFAAX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000091689 <CLASS-CONTRACT-NAME>Class C <CLASS-CONTRACT-TICKER-SYMBOL>OFACX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000091690 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>OFAIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000029819 <SERIES-NAME>O'Shaughnessy Enhanced Dividend Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000091693 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>OFDIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000029822 <SERIES-NAME>O'Shaughnessy Small/Mid Cap Growth Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000091699 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>OFMIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000030922 <SERIES-NAME>WBI Tactical BA Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000095914 <CLASS-CONTRACT-NAME>No Load Class <CLASS-CONTRACT-TICKER-SYMBOL>WBADX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000095915 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>WBBAX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000030923 <SERIES-NAME>WBI Tactical DG Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000095916 <CLASS-CONTRACT-NAME>No Load Class <CLASS-CONTRACT-TICKER-SYMBOL>WBIDX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000095917 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>WBDGX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000032592 <SERIES-NAME>Fort Pitt Capital Total Return Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000100439 <CLASS-CONTRACT-NAME>Fort Pitt Capital Total Return Fund <CLASS-CONTRACT-TICKER-SYMBOL>FPCGX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000035415 <SERIES-NAME>Scharf Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000108787 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>LOGIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000152038 <CLASS-CONTRACT-NAME>Retail Class <CLASS-CONTRACT-TICKER-SYMBOL>LOGRX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000037381 <SERIES-NAME>Kellner Merger Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000115420 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>GAKAX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000115421 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>GAKIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000037501 <SERIES-NAME>Logan Capital Large Cap Growth Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000115769 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>LGNHX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000115770 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>LGNGX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000038386 <SERIES-NAME>Logan Capital Long/Short Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000118417 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>LGNLX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000118418 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>LGNMX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000038872 <SERIES-NAME>Shenkman Short Duration High Income Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000119634 <CLASS-CONTRACT-NAME>Class A <CLASS-CONTRACT-TICKER-SYMBOL>SCFAX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000119635 <CLASS-CONTRACT-NAME>Class C <CLASS-CONTRACT-TICKER-SYMBOL>SCFCX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000119636 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>SCFIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000126960 <CLASS-CONTRACT-NAME>Class F <CLASS-CONTRACT-TICKER-SYMBOL>SCFFX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000039416 <SERIES-NAME>Huber Capital Diversified Large Cap Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000121467 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>HUDIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000121468 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>HUDEX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000039481 <SERIES-NAME>Kellner Event Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000121609 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>KEFAX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000121611 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>KEFIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000039497 <SERIES-NAME>Scharf Balanced Opportunity Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000121649 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>LOGOX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000168063 <CLASS-CONTRACT-NAME>Retail Class <CLASS-CONTRACT-TICKER-SYMBOL>LOGBX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000041003 <SERIES-NAME>WBI Tactical BP Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000127221 <CLASS-CONTRACT-NAME>No Load Class <CLASS-CONTRACT-TICKER-SYMBOL>WBPNX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000127222 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>WBBPX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000041004 <SERIES-NAME>WBI Tactical DI Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000127223 <CLASS-CONTRACT-NAME>No Load Class <CLASS-CONTRACT-TICKER-SYMBOL>WBDNX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000127224 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>WBDIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000041252 <SERIES-NAME>Orinda Income Opportunities Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000127906 <CLASS-CONTRACT-NAME>Class A <CLASS-CONTRACT-TICKER-SYMBOL>OIOAX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000127907 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>OIOIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000131940 <CLASS-CONTRACT-NAME>Class D <CLASS-CONTRACT-TICKER-SYMBOL>OIODX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000041568 <SERIES-NAME>Semper MBS Total Return Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000129089 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>SEMMX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000129090 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>SEMPX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000164429 <CLASS-CONTRACT-NAME>Class A <CLASS-CONTRACT-TICKER-SYMBOL>SEMOX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000044707 <SERIES-NAME>Pzena Mid Cap Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138961 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>PZVMX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138962 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>PZIMX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000044708 <SERIES-NAME>Pzena Emerging Markets Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138963 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>PZVEX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138964 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>PZIEX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000044709 <SERIES-NAME>Pzena Long/Short Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138965 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>PZVLX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138966 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>PZILX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000044710 <SERIES-NAME>Wasmer Schroeder High Yield Municipal Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000138967 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>WSHYX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000044807 <SERIES-NAME>Semper Short Duration Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000139162 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>SEMIX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000139163 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>SEMRX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000046127 <SERIES-NAME>Scharf Global Opportunity Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000144365 <CLASS-CONTRACT-NAME>Retail Class <CLASS-CONTRACT-TICKER-SYMBOL>WRLDX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000046128 <SERIES-NAME>Shenkman Floating Rate High Income Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000144368 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>SFHIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000047728 <SERIES-NAME>Poplar Forest Outliers Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000149954 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>IPFOX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000047729 <SERIES-NAME>Poplar Forest Cornerstone Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000149955 <CLASS-CONTRACT-NAME>Class A <CLASS-CONTRACT-TICKER-SYMBOL>PFCFX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000149956 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>IPFCX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000052294 <SERIES-NAME>Huber Capital Mid Cap Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000164420 <CLASS-CONTRACT-NAME>Investor Class <CLASS-CONTRACT-TICKER-SYMBOL>HUMDX </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000164421 <CLASS-CONTRACT-NAME>Institutional Class <CLASS-CONTRACT-TICKER-SYMBOL>HUMEX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000052315 <SERIES-NAME>Scharf Alpha Opportunity Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000164478 <CLASS-CONTRACT-NAME>Retail Class <CLASS-CONTRACT-TICKER-SYMBOL>HEDJX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000052915 <SERIES-NAME>O'Shaughnessy Market Leaders Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000166455 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>OFVIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000052916 <SERIES-NAME>O'Shaughnessy Small Cap Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000166456 <CLASS-CONTRACT-NAME>Class I <CLASS-CONTRACT-TICKER-SYMBOL>OFSIX </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000053195 <SERIES-NAME>Aasgard Dividend Growth Small & Mid-Cap Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000167336 <CLASS-CONTRACT-NAME>No Load Class </CLASS-CONTRACT> </SERIES> <SERIES> <OWNER-CIK>0001027596 <SERIES-ID>S000053713 <SERIES-NAME>Pzena Small Cap Value Fund <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000168873 <CLASS-CONTRACT-NAME>Investor Class </CLASS-CONTRACT> <CLASS-CONTRACT> <CLASS-CONTRACT-ID>C000168874 <CLASS-CONTRACT-NAME>Institutional Class </CLASS-CONTRACT> </SERIES> </EXISTING-SERIES-AND-CLASSES-CONTRACTS> </SERIES-AND-CLASSES-CONTRACTS-DATA> </SEC-HEADER> <DOCUMENT> <TYPE>DEF 14A <SEQUENCE>1 <FILENAME>ast_def14a.htm <DESCRIPTION>DEFINITIVE PROXY STATEMENT <TEXT> Document 1 - file: ast_def14a.htm
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>3 <FILENAME>image1.jpg <TEXT> Document 3 - file: image1.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>4 <FILENAME>image00006.jpg <TEXT> Document 4 - file: image00006.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>5 <FILENAME>image00007.jpg <TEXT> Document 5 - file: image00007.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>6 <FILENAME>image00008.jpg <TEXT> Document 6 - file: image00008.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>7 <FILENAME>image00010.jpg <TEXT> Document 7 - file: image00010.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>8 <FILENAME>image00012.jpg <TEXT> Document 8 - file: image00012.jpg
</DOCUMENT> <DOCUMENT> <TYPE>GRAPHIC <SEQUENCE>9 <FILENAME>image00013.jpg <TEXT> Document 9 - file: image00013.jpg
</DOCUMENT> </SEC-DOCUMENT>