0000894189-20-005148.txt : 20200630 0000894189-20-005148.hdr.sgml : 20200630 20200630155523 ACCESSION NUMBER: 0000894189-20-005148 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20200630 DATE AS OF CHANGE: 20200630 EFFECTIVENESS DATE: 20200630 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: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-17391 FILM NUMBER: 201002279 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 0001027596 S000018427 Huber Capital Equity Income Fund C000050919 Investor Class HULIX C000106239 Institutional Class HULEX 0001027596 S000018428 Huber Capital Small Cap Value Fund C000050920 Investor Class HUSIX C000106240 Institutional Class HUSEX 0001027596 S000039416 Huber Capital Diversified Large Cap Value Fund C000121467 Investor Class HUDIX C000121468 Institutional Class HUDEX 0001027596 S000052294 Huber Capital Mid Cap Value Fund C000164420 Investor Class HUMDX C000164421 Institutional Class HUMEX 497 1 huberfunds497e06302020.htm HUBER FUNDS 497E Document


    
Huber Capital Equity Income Fund
Investor Class: HULIX
Institutional Class: HULEX

Huber Capital Small Cap Value Fund
Investor Class (HUSIX)
Institutional Class (HUSEX)

Huber Capital Diversified Large Cap Value Fund
Investor Class (HUDIX)
Institutional Class (HUDEX)

Huber Capital Mid Cap Value Fund
Investor Class (HUMDX)
Institutional Class (HUMEX)

Supplement dated June 30, 2020, to the
Statutory Prospectus dated February 28, 2020


The following disclosure is added to the end of the first paragraph of “Principal Investment Strategies” on page 2 of the statutory prospectus.

While the Equity Income Fund is diversified for purposes of the Investment Company Act of 1940, the Fund may, at times, hold the securities of a small number of issuers.

The following disclosure is added to “Principal Risks” on page 2 of the statutory prospectus.

Focus Risk.  At such times the Equity Income Fund holds the securities of a small number of issuers, it may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Equity Income Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance.

The following disclosure is added to the end of the first paragraph of “Principal Investment Strategies” on page 8 of the statutory prospectus.

While the Small Cap Value Fund is diversified for purposes of the Investment Company Act of 1940, the Fund may, at times, hold the securities of a small number of issuers.

The following disclosure is added to “Principal Risks” on page 8 of the statutory prospectus.

Focus Risk.  At such times the Small Cap Value Fund holds the securities of a small number of issuers, it may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Small Cap Value Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance.


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The following disclosure is added to the end of the first paragraph of “Principal Investment Strategies” on page 14 of the statutory prospectus.

While the Diversified Large Cap Value Fund is diversified for purposes of the Investment Company Act of 1940, the Fund may, at times, hold the securities of a small number of issuers.

The following disclosure is added to “Principal Risks” on page 14 of the statutory prospectus.

Focus Risk.  At such times the Diversified Large Cap Value Fund holds the securities of a small number of issuers, it may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Diversified Large Cap Value Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance.

The following disclosure is added to the end of the first paragraph of “Principal Investment Strategies” on page 20 of the statutory prospectus.

While the Mid Cap Value Fund is diversified for purposes of the Investment Company Act of 1940, the Fund may, at times, hold the securities of a small number of issuers.

The following disclosure is added to “Principal Risks” on page 21 of the statutory prospectus.

Focus Risk.  At such times the Mid Cap Value Fund holds the securities of a small number of issuers, it may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase the Mid Cap Value Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance.

The following disclosure is added to “Principal Risks” on page 27 of the statutory prospectus.

Risks Common to All Funds

Focus Risk.  At such times a Fund holds the securities of a small number of issuers, it may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. This may increase a Fund’s volatility and cause the performance of a relatively smaller number of issuers to have a greater impact on the Fund’s performance. Investments in securities of a limited number of issuers exposes a Fund to greater market risk, price volatility and potential losses than if assets were invested in the securities of a greater number of issuers.


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Please retain this supplement for your reference.






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