<SEC-DOCUMENT>0000898531-17-000073-index.html : 20170208
<SEC-HEADER>0000898531-17-000073.hdr.sgml : 20170208
<ACCEPTANCE-DATETIME>20170208163423
ACCESSION NUMBER:		0000898531-17-000073
CONFORMED SUBMISSION TYPE:	N-CSR
PUBLIC DOCUMENT COUNT:		9
CONFORMED PERIOD OF REPORT:	20161130
FILED AS OF DATE:		20170208
DATE AS OF CHANGE:		20170208
EFFECTIVENESS DATE:		20170208

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:		17583003

	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>S000041568
<SERIES-NAME>Semper MBS Total Return Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129089
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>SEMMX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000129090
<CLASS-CONTRACT-NAME>Investor Class
<CLASS-CONTRACT-TICKER-SYMBOL>SEMPX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000164429
<CLASS-CONTRACT-NAME>Class A
<CLASS-CONTRACT-TICKER-SYMBOL>SEMOX
</CLASS-CONTRACT>
</SERIES>
<SERIES>
<OWNER-CIK>0001027596
<SERIES-ID>S000044807
<SERIES-NAME>Semper Short Duration Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000139162
<CLASS-CONTRACT-NAME>Institutional Class
<CLASS-CONTRACT-TICKER-SYMBOL>SEMIX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000139163
<CLASS-CONTRACT-NAME>Investor Class
<CLASS-CONTRACT-TICKER-SYMBOL>SEMRX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-CSR
<SEQUENCE>1
<FILENAME>sf-ncsra.htm
<DESCRIPTION>SEMPER FUNDS ANNUAL REPORT 11-30-16
<TEXT>
Document 1 - file: sf-ncsra.htm

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

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

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

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

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>6
<FILENAME>sfsmbstrf-linechart.jpg
<DESCRIPTION>SEMBER MBS TOTAL RETURN FUND LINE CHART
<TEXT>
Document 6 - file: sfsmbstrf-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>7
<FILENAME>sfsmbstrf-piechart.jpg
<DESCRIPTION>SEMBER MBS TOTAL RETURN FUND PIE CHART
<TEXT>
Document 7 - file: sfsmbstrf-piechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>8
<FILENAME>sfssdf-linechart.jpg
<DESCRIPTION>SEMBER SHORT DURATION FUND LINE CHART
<TEXT>
Document 8 - file: sfssdf-linechart.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>9
<FILENAME>sfssdf-piechart.jpg
<DESCRIPTION>SEMBER SHORT DURATION FUND PIE CHART
<TEXT>
Document 9 - file: sfssdf-piechart.jpg

</DOCUMENT>
</SEC-DOCUMENT>