Document
September 13, 2019
Scharf Fund
A series of Advisors Series Trust
Supplement to the Prospectus and Statement of Additional Information (“SAI”) each dated January 28, 2019
Effective September 13, 2019, Scharf Investments, LLC, investment adviser to the Scharf Fund (the “Fund”), will be reducing the Fund’s minimum initial investment for the Institutional Class from $5 million to $1 million.
Accordingly, effective September 13, 2019, all references to the Fund’s Institutional Class minimum investment amount in the Prospectus and SAI are updated to reflect the new investment minimum.
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Please retain this Supplement with the Prospectus and SAI.