EX-99.H.V(C) 3 pzenaoela.htm EXHIBIT 99.H.V(C) Exhibit




SCHEDULE A
to the Operating Expenses Limitation Agreement

(as amended on January 28, 2019, with respect to the Pzena Small Cap Value Fund)


Advisors Series Trust Fund and Share Class
Operating Expense Limit as a Percentage of Average Daily Net Assets
Pzena Mid Cap Value Fund
 
Investor Class
Institutional Class
1.25%
0.90%
Pzena Emerging Markets Value Fund
 
Investor Class
Institutional Class
1.60%
1.25%
Pzena Long/Short Value Fund
 
Investor Class
Institutional Class
2.10%
1.75%
Pzena Small Cap Value Fund
 
Investor Class
Institutional Class
1.45%
1.10%
Pzena International Small Cap Value Fund
 
Investor Class
Institutional Class
1.52%
1.17%








ADVISORS SERIES TRUST 
on behalf of the series listed on Schedule A
 
Pzena Investment Management, LLC
By:/s/ Jeffrey T. Rauman______________
 
By: /s/ Gary Bachman__________________
Name:Jeffrey T. Rauman
 
Name:Gary Bachman
Title:President
 
Title:Chief Operating Officer