Exhibit (a)(5)
July 25, 2025
Office of the Chief Accountant
Securities and Exchange Commission
100 F Street, N.E.
Washington, DC 20549
Re:
| Pzena Mid Cap Value Fund |
| Pzena Emerging Markets Value Fund |
| Pzena Small Cap Value Fund |
| Pzena International Small Cap Value Fund |
| Pzena International Value Fund |
(the “Funds”), each a series of Advisors Series Trust, Commission File Number 811-07959
To whom it may concern:
We have received a copy of, and are in agreement with, the statements concerning our Firm being made by the Funds pursuant to Item 304(a) of Regulation S-K in its Form N-CSR to be filed on or about July 25, 2025, captioned “Changes in and Disagreements with Accountants for Open-End Investment Companies.”
We hereby consent to the filing of this letter as an exhibit to the foregoing report.
| Sincerely, | ||
| /s/ TAIT WELLER & BAKER LLP |
cc: Jeffrey T. Rauman, President
Advisors Series Trust
615 East Michigan Street
Milwaukee, WI 53202