UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

PIA BBB Bond Fund

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

48,674,682

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

92,478,592

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

139,210,338

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

231,688,930

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

(vi)

Redemption credits available for use in future years

183,014,248

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

0.00

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : N/A . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : N/A .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

0.00

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: N/A

Method of Delivery:

[ ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 20, 2019

UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

PIA High Yield Fund

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

34,551,737

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

34,139,513

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

118,524,822

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

152,664,335

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

(vi)

Redemption credits available for use in future years

118,112,598

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

0.00

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : N/A . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : N/A .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

0.00

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: N/A

Method of Delivery:

[ ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 20, 2019

UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

PIA MBS Bond Fund

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

16,527,859

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

23,632,579

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

267,601,304

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

291,233,883

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

(vi)

Redemption credits available for use in future years

274,706,024

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

0.00

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : N/A . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : N/A .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

0.00

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: N/A

Method of Delivery:

[ ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 20, 2019

UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

PIA Short-Term Securities Fund

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

38,832,698

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

44,436,198

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

44,436,198

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

(vi)

Redemption credits available for use in future years

5,603,500

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

0.00

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : N/A . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : N/A .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

0.00

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: N/A

Method of Delivery:

[ ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 20, 2019

UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

PIA High Yield (MACS) Fund

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

78,037,003

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

895

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

895

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

78,036,108

(vi)

Redemption credits available for use in future years

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

9,457.98

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : N/A . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : N/A .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

9,457.98

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: 2/25/2019

Method of Delivery:

[ X ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 20, 2019

UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

Semper MBS Total Return Fund - Investor Class

Semper MBS Total Return Fund - Institutional Class

Semper MBS Total Return Fund - Class A

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

1,425,862,538

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

576,194,870

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

576,194,870

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

849,667,668

(vi)

Redemption credits available for use in future years

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

102,979.72

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

102,979.72

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: 2/26/2019

Method of Delivery:

[ X ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 22, 2019

* Please print the name and title of the signing officer below the signature.

UNITED STATES

OMB APPROVAL

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

OMB Number: 3235-0456

Expires: May 31, 2021

FORM 24F-2

Estimated average burden

Annual Notice of Securities Sold

hours per response……2

Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.

Name and address of issuer:

Advisors Series Trust

615 E. Michigan St., 3rd Floor

Milwaukee, WI 53202

The name of each series or class of securities for which this Form is filed (If the Form is being filed for all series

and classes of securites of the issuer, check the box but do not list series or classes): [ ]

Semper Short Duration Fund - Investor Class

Semper Short Duration Fund - Institutional Class

Investment Company Act File Number:

811-07959

Securities Act File Number:

333-17391

4(a).

Last day of fiscal year for which this Form is filed:

November 30, 2018

4(b).

[ ]

Check box if this Form is being filed late (i.e., more than 90 calendar days after the end of the

issuer's fiscal year). (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration fee due.

4(c).

[ ]

Check box if this is the last time the issuer will be filing this Form.

Persons who respond to the collection of information contained in this form are not required to respond unless

the form displays a currently valid OMB control number.

SEC 2393 (6-02)

Calculation of registration fee:

(i)

Aggregate sale price of securities sold during the

fiscal year pursuant to section 24(f):

178,246,779

(ii)

Aggregate price of securities redeemed or

repurchased during the fiscal year:

67,155,211

(iii)

Aggregate price of securities redeemed or

repurchased during any prior fiscal year ending no

earlier than October 11, 1995 that were not

previously used to reduce registration fees payable

to the Commission:

4,092,846

(iv)

Total available redemption credits [add Items 5(ii) and 5(iii)]:

71,248,057

(v)

Net sales - if Item 5(i) is greater than Item 5(iv)

[subtract Item 5(iv) from Item 5(i)]:

106,998,722

(vi)

Redemption credits available for use in future years

)

- if Item 5(i) is less than Item 5(iv) [subtract Item

5(iv) from Item 5(i)]:

(vii)

Multiplier for determining registration fee (See

Instruction C.9):

0.0001212

(viii)

Registration fee due [multiply Item 5(v) by Item

5(vii)] (enter "0" if no fee is due):

12,968.25

Prepaid Shares

If the response to item 5(i) was determined by deducting an amount of securities that were registered under the

Securities Act of 1933 pursuant to rule 24e-2 as in effect before October 11, 1997, then

report the amount of securities (number of shares or other units) deducted here : . If there is a

number of shares or other units that were registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal

year for which this form is filed that are available for use by the issuer in future fiscal years, then state that number

here : .

Interest due - if this Form is being filed more than 90 days after the end of the issuer's fiscal year

(see Instruction D):

Total of the amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:

12,968.25

Date the registration fee and any interest payment was sent to the Commission's lockbox depository: 2/26/2019

Method of Delivery:

[ X ]

Wire Transfer

[ ]

Mail or other means

SIGNATURES

This report has been signed below by the following persons on behalf of the issuer and in the capacities

and on the dates indicated.

By (Signature and Title)

/s/ Cheryl King

Cheryl King

Vice President, Treasurer

Date

February 22, 2019

* Please print the name and title of the signing officer below the signature.