0000894189-21-007415.txt : 20211021 0000894189-21-007415.hdr.sgml : 20211021 20211021170219 ACCESSION NUMBER: 0000894189-21-007415 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20211021 DATE AS OF CHANGE: 20211021 EFFECTIVENESS DATE: 20211021 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: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 333-17391 FILM NUMBER: 211337733 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 S000053195 Aasgard Small & Mid-Cap Fund C000167336 No Load Class AADGX 497K 1 aasgard497ksupplement10212.htm AASGARD SUPPLEMENT 497K Document



AASGARD SMALL & MID-CAP FUND

No Load ClassAADGX

Supplement dated October 21, 2021, to the Summary Prospectus dated July 29, 2021 supersedes and replaces the prior supplement dated October 13, 2021

Coldstream Capital Management, Inc., the Advisor to the Aasgard Small & Mid-Cap Fund (the “Fund”), has recommended, and the Board of Trustees of Advisors Series Trust has approved, the liquidation and termination of the Fund. The decision was made to exit the fund business and offer this strategy solely through separate accounts, which will reduce expenses for investors continuing in the strategy.

The liquidation is expected to occur after the close of business on January 14, 2022. Prior to the liquidation date, the Fund will be converted to cash and cash equivalents. Pending liquidation of the Fund, investors will continue to be able to reinvest dividends received in the Fund.

Effective immediately, the Fund will no longer accept purchases of new shares. Shareholders of the Fund may redeem their investments as described in the Fund’s Prospectus. Accounts not redeemed by January 14, 2022, will automatically be closed and liquidating distributions, less any required tax withholdings, will be sent to the address of record.

If you hold your shares in an IRA account directly with U.S. Bank N.A., you have 60 days from the date you receive your proceeds to reinvest your proceeds into another IRA account and maintain their tax-deferred status. You must notify the Fund or your financial advisor prior to January 11, 2022 of your intent to reinvest your IRA account to avoid withholding deductions from your proceeds.

Please contact the Fund at 1-877-476-1909 or your financial advisor if you have questions or need assistance.




Please retain this Supplement with the Summary Prospectus
for future reference.