Advisors Series Trust

c/o U.S. Bank Global Fund Services

2020 East Financial Way, Suite 100

Glendora, California 91741

March 4, 2024

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 Nos.: 333-17391 and 811-07959

First Sentier American Listed Infrastructure Fund (S000069943)

First Sentier Global Listed Infrastructure Fund (S000056566)

Stewart Investors Worldwide Leaders Sustainability Fund (S000072210)

Ladies and Gentlemen:

Pursuant to Rule 497(j) under the Securities Act of 1933, as amended, the Investment Company Act of 1940, as amended, and the regulations thereunder, the Trust on behalf of its series, First Sentier American Listed Infrastructure Fund, First Sentier Global Listed Infrastructure Fund, and Stewart Investors Worldwide Leaders Sustainability 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 February 28, 2024, and filed electronically as Post-Effective Amendment No. 1142 to the Trust’s Registration Statement on Form N‑1A on February 28, 2024.

If you have any questions regarding the enclosed, please do not hesitate to contact the undersigned at (626) 914-7363.

Very truly yours,

/s/ Elaine E. Richards

Elaine E. Richards

Secretary

Advisors Series Trust