<SEC-DOCUMENT>0000898531-15-000067-index.html : 20150206
<SEC-HEADER>0000898531-15-000067.hdr.sgml : 20150206
<ACCEPTANCE-DATETIME>20150206095513
ACCESSION NUMBER:		0000898531-15-000067
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		16
CONFORMED PERIOD OF REPORT:	20141130
FILED AS OF DATE:		20150206
DATE AS OF CHANGE:		20150206
EFFECTIVENESS DATE:		20150206

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:		N-CSR
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-07959
		FILM NUMBER:		15582396

	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
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000030922
<SERIES-NAME>WBI Absolute Return Balanced Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000095914
<CLASS-CONTRACT-NAME>No Load Class
<CLASS-CONTRACT-TICKER-SYMBOL>WBADX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000095915
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>WBBAX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000030923
<SERIES-NAME>WBI Absolute Return Dividend Growth Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000095916
<CLASS-CONTRACT-NAME>No Load Class
<CLASS-CONTRACT-TICKER-SYMBOL>WBIDX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000095917
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>WBDGX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000041003
<SERIES-NAME>WBI Absolute Return Balanced Plus Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000127221
<CLASS-CONTRACT-NAME>No Load Shares
<CLASS-CONTRACT-TICKER-SYMBOL>WBPNX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000127222
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>WBBPX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000041004
<SERIES-NAME>WBI Absolute Return Dividend Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000127223
<CLASS-CONTRACT-NAME>No Load Shares
<CLASS-CONTRACT-TICKER-SYMBOL>WBDNX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000127224
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>WBDIX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>wbif-ncsra.htm
<DESCRIPTION>WBI FUNDS ANNUAL REPORT 11-30-14
<TEXT>
Document 1 - file: wbif-ncsra.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CODE ETH
<SEQUENCE>2
<FILENAME>wbif-ex99codeeth.htm
<DESCRIPTION>CODE OF ETHICS
<TEXT>
Document 2 - file: wbif-ex99codeeth.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>3
<FILENAME>wbif-ex99cert302.htm
<DESCRIPTION>CERTIFICATION 302
<TEXT>
Document 3 - file: wbif-ex99cert302.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.906 CERT
<SEQUENCE>4
<FILENAME>wbif-ex99cert906.htm
<DESCRIPTION>CERTIFICATION 906
<TEXT>
Document 4 - file: wbif-ex99cert906.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>wbifunds-logo.jpg
<DESCRIPTION>WBI FUNDS LOGO
<TEXT>
Document 5 - file: wbifunds-logo.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>wbifletter-linechart.jpg
<DESCRIPTION>WBI FUNDS FAIR VALUE? CHART
<TEXT>
Document 6 - file: wbifletter-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>gestroik-signature.jpg
<DESCRIPTION>GARY E. STROIK SIGNATURE
<TEXT>
Document 7 - file: gestroik-signature.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>dschreiberjr-signature.jpg
<DESCRIPTION>DON SCHREIBER SIGNATURE
<TEXT>
Document 8 - file: dschreiberjr-signature.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>wbiarbf-linechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN BALANCED FUND LINE CHART
<TEXT>
Document 9 - file: wbiarbf-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>wbiarbpf-linechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN BALANCED PLUS FUND LINE CHART
<TEXT>
Document 10 - file: wbiarbpf-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>wbiardif-linechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN DIVIDEND INCOME FUND LINE CHART
<TEXT>
Document 11 - file: wbiardif-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>wbiardgf-linechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN DIVIDEND GROWTH FUND LINE CHART
<TEXT>
Document 12 - file: wbiardgf-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>wbiarbf-piechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN BALANCED FUND PIE CHART
<TEXT>
Document 13 - file: wbiarbf-piechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>wbiarbpf-piechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN BALANCED PLUS FUND PIE CHART
<TEXT>
Document 14 - file: wbiarbpf-piechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>wbiardif-piechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN DIVIDEND INCOME FUND PIE CHART
<TEXT>
Document 15 - file: wbiardif-piechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>wbiardgf-piechart.jpg
<DESCRIPTION>WBI ABSOLUTE RETURN DIVIDEND GROWTH FUND PIE CHART
<TEXT>
Document 16 - file: wbiardgf-piechart.jpg

</DOCUMENT>
</SEC-DOCUMENT>