ADVISORS SERIES TRUST

c/o U.S. Bank Global Fund Services

2020 East Financial Way, Suite 100

Glendora, California 91741

February 2, 2022

VIA EDGAR TRANSMISSION

U.S. Securities and Exchange Commission

Division of Investment Management

100 F Street, N.E.

Washington, D.C. 20549

Re: Advisors Series Trust (the “Trust”)

File No.: 333-17391

Poplar Forest Partners Fund (S000027249)

Poplar Forest Cornerstone Fund (S000047729)

Dear Sir or Madam:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amendedandtheregulationsthereunder,theTrustonbehalfofitsseries,thePoplarForestPartnersFundandPoplar Forest Cornerstone Fund, hereby certifies that the forms of Prospectus and Statement of Additional Information that would have been filed under Rule 497(c) would not have differed from that contained in the most recent amendment dated January 28, 2022, and filed electronically as Post-Effective Amendment No. 1070 to the Trust’s Registration Statement on Form N 1A on January 27,2022.

If you have any questions or require further information, please do not hesitate to contact the undersigned at (626) 914-7363.

Sincerely,

/s/ Elaine E. Richards

Elaine E. Richards

Secretary

Advisors Series Trust