<SEC-DOCUMENT>0000898531-15-000224-index.html : 20150508
<SEC-HEADER>0000898531-15-000224.hdr.sgml : 20150508
<ACCEPTANCE-DATETIME>20150508115320
ACCESSION NUMBER:		0000898531-15-000224
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		22
CONFORMED PERIOD OF REPORT:	20150228
FILED AS OF DATE:		20150508
DATE AS OF CHANGE:		20150508
EFFECTIVENESS DATE:		20150508

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:		15845218

	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>S000031753
<SERIES-NAME>Vivaldi Orinda Hedged Equity Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000098870
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>OHEAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000098872
<CLASS-CONTRACT-NAME>Class I
<CLASS-CONTRACT-TICKER-SYMBOL>OHEIX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000036614
<SERIES-NAME>Vivaldi Orinda Macro Opportunities Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000111961
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>OMOAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000111962
<CLASS-CONTRACT-NAME>Class I
<CLASS-CONTRACT-TICKER-SYMBOL>OMOIX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000041252
<SERIES-NAME>Orinda Income Opportunities Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000127906
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>OIOAX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000127907
<CLASS-CONTRACT-NAME>Class I
<CLASS-CONTRACT-TICKER-SYMBOL>OIOIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000131940
<CLASS-CONTRACT-NAME>Class D
<CLASS-CONTRACT-TICKER-SYMBOL>OIODX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>orinda-ncsra.htm
<DESCRIPTION>VIVALDI ORINDA FUNDS AND ORINDA INCOME OPPORTUNITIES FUND ANNUAL REPORTS 2-28-15
<TEXT>
Document 1 - file: orinda-ncsra.htm

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

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

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

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>orinda-logo.jpg
<DESCRIPTION>ORINDA LOGO
<TEXT>
Document 5 - file: orinda-logo.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>ckirkpatrick-signature.jpg
<DESCRIPTION>CRAIG KIRKPATRICK SIGNATURE
<TEXT>
Document 6 - file: ckirkpatrick-signature.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>orindaassetmgmt-logo.jpg
<DESCRIPTION>ORINDA ASSET MANAGEMENT GRAPHIC
<TEXT>
Document 7 - file: orindaassetmgmt-logo.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>vofletter1-barchart.jpg
<DESCRIPTION>VIVALDI ORINDA FUNDS LETTER BAR CHART 1
<TEXT>
Document 8 - file: vofletter1-barchart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>vofletter2-barchart.jpg
<DESCRIPTION>VIVALDI ORINDA FUNDS LETTER BAR CHART 2
<TEXT>
Document 9 - file: vofletter2-barchart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>10
<FILENAME>mpeck-signature.jpg
<DESCRIPTION>MICHAEL PECK SIGNATURE
<TEXT>
Document 10 - file: mpeck-signature.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>11
<FILENAME>vohefcla-linechart.jpg
<DESCRIPTION>VIVALDI ORINDA HEDGED EQUITY FUND LINE CHART CLASS A
<TEXT>
Document 11 - file: vohefcla-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>12
<FILENAME>vohefcli-linechart.jpg
<DESCRIPTION>VIVALDI ORINDA HEDGED EQUITY FUND LINE CHART CLASS I
<TEXT>
Document 12 - file: vohefcli-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>13
<FILENAME>vomofcla-linechart.jpg
<DESCRIPTION>VIVALDI ORINDA MACRO OPPORTUNITIES FUND LINE CHART CLASS A
<TEXT>
Document 13 - file: vomofcla-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>14
<FILENAME>vomofcli-linechart.jpg
<DESCRIPTION>VIVALDI ORINDA MACRO OPPORTUNITIES FUND LINE CHART CLASS I
<TEXT>
Document 14 - file: vomofcli-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>15
<FILENAME>vohef-piechart.jpg
<DESCRIPTION>VIVALDI ORINDA HEDGED EQUITY FUND PIE CHART
<TEXT>
Document 15 - file: vohef-piechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>16
<FILENAME>vomof-piechart.jpg
<DESCRIPTION>VIVALDI ORINDA MACRO OPPORTUNITIES FUND PIE CHART
<TEXT>
Document 16 - file: vomof-piechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>17
<FILENAME>oiofletter-barchart.jpg
<DESCRIPTION>ORINDA INCOME OPPORTUNITIES FUND LETTER BAR CHART
<TEXT>
Document 17 - file: oiofletter-barchart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>18
<FILENAME>pgray-signature.jpg
<DESCRIPTION>PAUL GRAY SIGNATURE
<TEXT>
Document 18 - file: pgray-signature.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>19
<FILENAME>oiofcla-linechart.jpg
<DESCRIPTION>ORINDA INCOME OPPORTUNITIES FUND LINE CHART CLASS A
<TEXT>
Document 19 - file: oiofcla-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>20
<FILENAME>oiofcld-linechart.jpg
<DESCRIPTION>ORINDA INCOME OPPORTUNITIES FUND LINE CHART CLASS D
<TEXT>
Document 20 - file: oiofcld-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>21
<FILENAME>oiofcli-linechart.jpg
<DESCRIPTION>ORINDA INCOME OPPORTUNITIES FUND LINE CHART CLASS I
<TEXT>
Document 21 - file: oiofcli-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>22
<FILENAME>oiof-piechart.jpg
<DESCRIPTION>ORINDA INCOME OPPORTUNITIES FUND PIE CHART
<TEXT>
Document 22 - file: oiof-piechart.jpg

</DOCUMENT>
</SEC-DOCUMENT>