Exhibit | Exhibit No. |
Instance Document | EX-101.INS |
Schema Document | EX-101.SCH |
Calculation Linkbase Document | EX-101.CAL |
Definition Linkbase Document | EX-101.DEF |
Label Linkbase Document | EX-101.LAB |
Presentation Linkbase Document | EX-101.PRE |
| Label | Element | Value | ||||
|---|---|---|---|---|---|---|
| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| Document Type | dei_DocumentType | 497 | ||||
| Document Period End Date | dei_DocumentPeriodEndDate | Feb. 28, 2019 | ||||
| Entity Registrant Name | dei_EntityRegistrantName | ADVISORS SERIES TRUST | ||||
| Entity Central Index Key | dei_EntityCentralIndexKey | 0001027596 | ||||
| Amendment Flag | dei_AmendmentFlag | false | ||||
| Document Creation Date | dei_DocumentCreationDate | Dec. 11, 2019 | ||||
| Document Effective Date | dei_DocumentEffectiveDate | Dec. 11, 2019 | ||||
| Prospectus Date | rr_ProspectusDate | Jun. 28, 2019 | ||||
| Entity Inv Company Type | dei_EntityInvCompanyType | N-1A | ||||
| Pzena Emerging Markets Value Fund | ||||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| Risk/Return [Heading] | rr_RiskReturnHeading | Pzena Emerging Markets Value Fund | ||||
| Supplement to Prospectus [Text Block] | rr_SupplementToProspectusTextBlock | Pzena Emerging Markets Value Fund A series of Advisors Series Trust Investor Class PZVEX Institutional Class PZIEX Supplement to the Prospectus dated June 28, 2019 Effective December 12, 2019, Pzena Investment Management, LLC (the “Adviser”), investment adviser of the Pzena Emerging Markets Value Fund (the “Fund” or “Emerging Markets Fund”), has contractually agreed to reduce the Fund’s Expense Cap to 1.08% (the “Expense Cap”). The Expense Cap will be in place at least through June 27, 2021. Prospectus In connection with this reduction, the “Fees and Expenses of the Fund” section on page 15 of the Prospectus is hereby deleted and replaced with the following: |
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| Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||
| Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Emerging Markets Fund. |
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| Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | SHAREHOLDER FEES (fees paid directly from your investment) | ||||
| Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) | ||||
| Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 6/27/2021 | ||||
| Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] | rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees | Total Annual Fund Operating Expenses do not correlate to the Ratio of Expenses to Average Net Assets Before Fee Waivers and Expense Reimbursement provided in the Financial Highlights section of the statutory prospectus, which reflects the actual operating expenses of the Emerging Markets Fund and does not include 0.01% that is attributed to acquired fund fees and expenses (“AFFE”). | ||||
| Expense Example [Heading] | rr_ExpenseExampleHeading | Example. | ||||
| Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Emerging Markets Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the Expense Cap only in the first year). |
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| Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||
| Supplement Closing [Text Block] | ck0001027596_SupplementClosingTextBlock | Please retain this Supplement with the Prospectus for future reference. |
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| Pzena Emerging Markets Value Fund | Investor Class | ||||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| Trading Symbol | dei_TradingSymbol | PZVEX | ||||
| Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (1.00%) | ||||
| Management Fees (as a percentage of Assets) | rr_ManagementFeesOverAssets | 1.00% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
| Component1 Other Expenses | rr_Component1OtherExpensesOverAssets | 0.10% | ||||
| Other Expenses (as a percentage of Assets): | rr_OtherExpensesOverAssets | 0.37% | ||||
| Expenses (as a percentage of Assets) | rr_ExpensesOverAssets | 1.62% | [1] | |||
| Fee Waiver or Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.18%) | [2] | |||
| Net Expenses (as a percentage of Assets) | rr_NetExpensesOverAssets | 1.44% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 147 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 494 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 864 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 1,907 | ||||
| Pzena Emerging Markets Value Fund | Institutional Class | ||||||
| Prospectus [Line Items] | rr_ProspectusLineItems | |||||
| Trading Symbol | dei_TradingSymbol | PZIEX | ||||
| Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (1.00%) | ||||
| Management Fees (as a percentage of Assets) | rr_ManagementFeesOverAssets | 1.00% | ||||
| Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
| Component1 Other Expenses | rr_Component1OtherExpensesOverAssets | none | ||||
| Other Expenses (as a percentage of Assets): | rr_OtherExpensesOverAssets | 0.27% | ||||
| Expenses (as a percentage of Assets) | rr_ExpensesOverAssets | 1.27% | [1] | |||
| Fee Waiver or Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.18%) | [2] | |||
| Net Expenses (as a percentage of Assets) | rr_NetExpensesOverAssets | 1.09% | ||||
| Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | $ 111 | ||||
| Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 385 | ||||
| Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 680 | ||||
| Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 1,518 | ||||
| ||||||
Total | ||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund | ||||||||||||||||||||||||||||||||||||
| Pzena Emerging Markets Value Fund | ||||||||||||||||||||||||||||||||||||
Pzena Emerging Markets Value Fund A series of Advisors Series Trust Investor Class PZVEX Institutional Class PZIEX Supplement to the Prospectus dated June 28, 2019 Effective December 12, 2019, Pzena Investment Management, LLC (the “Adviser”), investment adviser of the Pzena Emerging Markets Value Fund (the “Fund” or “Emerging Markets Fund”), has contractually agreed to reduce the Fund’s Expense Cap to 1.08% (the “Expense Cap”). The Expense Cap will be in place at least through June 27, 2021. Prospectus In connection with this reduction, the “Fees and Expenses of the Fund” section on page 15 of the Prospectus is hereby deleted and replaced with the following: | ||||||||||||||||||||||||||||||||||||
| Fees and Expenses of the Fund | ||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Emerging Markets Fund. | ||||||||||||||||||||||||||||||||||||
| SHAREHOLDER FEES (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
| ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
| Example. | ||||||||||||||||||||||||||||||||||||
This Example is intended to help you compare the cost of investing in the Emerging Markets Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same (taking into account the Expense Cap only in the first year). | ||||||||||||||||||||||||||||||||||||
| Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||
Please retain this Supplement with the Prospectus for future reference. | ||||||||||||||||||||||||||||||||||||