Wasmer Schroeder High Yield Municipal Fund gives ticker symbol

By Toni Weeks

San Luis Obispo, Calif., March 25 - Advisors Series Trust announced the ticker symbol for its new Wasmer Schroeder High Yield Municipal Fund in an N-1A filing with the Securities and Exchange Commission. The prospectus for the new fund is dated March 31.

The fund offers institutional class shares, which trade under the symbol "WSHYX."

As previously noted, the fund will seek to generate a high level of interest income that is not subject to federal income tax and will target medium- to lower-credit-quality municipal securities. Under normal market conditions, it will invest at least 80% of its net assets, plus any borrowings for investment purposes, in municipal securities that pay interest not subject to regular federal income tax. Some of these investments will pay interest that is not exempt from the federal alternative minimum tax.

Jason D. Diefenthaler will be the portfolio manager.

Shareholder fees include a 1% redemption fee for shares held for 60 days or less.

Including management fees of 0.75% and taking into account the effects of a fee waiver and expense reimbursement agreement with the investment adviser, net annual fund operating expenses are expected to be 1%.

Naples, Fla.-based Wasmer, Schroeder and Co, Inc. will serve as the investment adviser.

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