EX-99.N.1 13 rule18f-3.htm AMENDED EXHIBIT A TO THE RULE 18F-3 PLAN
EXHIBIT A

MULTIPLE CLASS PLAN

ADVISORS SERIES TRUST
on behalf of the funds managed by
Pzena Investment Management, LLC

(as amended on March 9, 2016, for Pzena Small Cap Value Fund)
 
Fund Name:

Pzena Mid Cap Value Fund
Pzena Emerging Markets Value Fund
Pzena Long/Short Value Fund
Pzena Small Cap Value Fund

Share Class
Minimum Investment1
Maximum Initial
Sales
Charge
Maximum
CDSC
Maximum
Rule 12b‑1
Fee
Maximum
Shareholder
Servicing Fee
Redemption
Fee
             
Investor Class
Regular Accounts - $5,000;
Retirement Accounts - $1,000
None
None
0.25%
0.10%
1.00%2
Institutional Class
$1,000,000
None
None
None
None
1.00%2
1  The Advisor may waive the minimum initial investment in certain circumstances; please see the Funds’ Prospectus.
 
2  A redemption fee of 1.00% applies to redemptions of shares of the Pzena Mid Cap Value Fund and Pzena Small Cap Value Fund held for 30 days or less and a redemption fee of 1.00% applies to redemptions of shares of the Pzena Emerging Markets Value Fund and Pzena Long/Short Value Fund held for 60 days or less.




ADVISORS SERIES TRUST
on behalf of the series listed on Exhibit A
  
PZENA INVESTMENT MANAGEMENT, LLC
     
By:  /s/Douglas G. Hess
  
By:  /s/William L. Lipsey
Name:  Douglas G. Hess
  
Name:  William L. Lipsey
Title:  President
  
Title:  President

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