Advisors Series Trust
c/o U.S. Bank Global Fund Services
2020 East Financial Way, Suite 100
Glendora, California 91741
October 31, 2025
VIA EDGAR TRANSMISSION
U.S. Securities and Exchange Commission
Division of Investment Management
100 F Street, N.E.
Washington, D.C. 20549
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Re:
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Advisors Series Trust (the "Trust")
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File Nos.: 333-17391 and 811-07959
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Davidson Multi-Cap Equity Fund (S000022607)
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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, the Davidson Multi-Cap Equity 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 October 28, 2025, and filed electronically as Post-Effective Amendment No. 1180 to the Trust's Registration Statement on Form N-1A on October 24, 2025.
If you have any questions regarding the enclosed, please do not hesitate to contact the undersigned at (626) 914-7363 or
[email protected].
Sincerely,
/s/ Elaine E. Richards
Elaine E. Richards
Vice President and Secretary
Advisors Series Trust
Enclosures