# EDGAR Filing Document

**Accession Number:** 0001437249
**File Stem:** 0001752724-25-162662
**Filing Date:** 2025-6
**Character Count:** 21892
**Document Hash:** 4b8f280ef1d3ed7f74369cb2e0c16414
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-162662.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001752724-25-162662

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20260131

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VALUED ADVISERS TRUST
- **CENTRAL INDEX KEY:** 0001437249

**ORGANIZATION NAME:**
- **EIN:** 262762915

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22208
- **FILM NUMBER:** 251089267

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DR.
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### CHANNING INTRINSIC VALUE SMALL-CAP FUND (Series ID: S000071821)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000227329 | Institutional Class | OWLLX           |

## Nport-Ex

Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

April

30,

2025

-

(Unaudited)

COMMON

STOCKS

—

97.11%

Shares

Fair

Value

Communication

Services

—

4.94%

Madison

Square

Garden

Entertainment

Corp.

(a) 5,808

$

188,411

Nexstar

Media

Group,

Inc.

1,254

187,674

376,085

Consumer

Discretionary

—

11.72%

Asbury

Automotive

Group,

Inc.

(a) 759

165,568

Boyd

Gaming

Corp.

2,984

206,315

Brunswick

Corp.

3,139

144,551

Installed

Building

Products,

Inc.

610

101,156

OneSpaWorld

Holdings

Ltd.

9,402

157,013

Valvoline,

Inc.

(a) 3,409

116,792

891,395

Energy

—

2.09%

Northern

Oil

and

Gas,

Inc.

3,411

82,887

SM

Energy

Co.

3,342

76,164

159,051

Financials

—

25.37%

Affiliated

Managers

Group,

Inc.

1,284

212,670

Artisan

Partners

Asset

Management,

Inc.,

Class

A

4,981

184,197

Cadence

Bank

6,548

191,594

Evercore,

Inc.,

Class

A

962

197,489

First

American

Financial

Corp.

3,008

182,916

Old

National

Bancorp

9,533

196,284

Pinnacle

Financial

Partners,

Inc.

1,906

191,057

Stifel

Financial

Corp.

2,095

179,521

Synovus

Financial

Corp.

4,567

197,843

Wintrust

Financial

Corp.

1,774

197,217

1,930,788

Health

Care

—

2.61%

Integer

Holdings

Corp.

(a) 1,574

198,812

Industrials

—

22.68%

Brink's

Co.

(The)

2,503

223,368

Gates

Industrial

Corp.

PLC

(a) 11,666

220,721

Herc

Holdings,

Inc.

1,551

169,741

Hexcel

Corp.

3,387

164,168

Hillenbrand,

Inc.

3,023

61,155

McGrath

RentCorp

(a) 1,431

152,645

MSA

Safety,

Inc.

1,351

212,674

Parsons

Corp.

(a) 2,728

182,394

SPX

Technologies,

Inc.

(a) 1,215

162,992

Timken

Co.

(The)

2,726

175,146

1,725,004

Information

Technology

—

11.27%

Advanced

Energy

Industries,

Inc.

2,054

200,080

Belden,

Inc.

1,554

160,233

Littelfuse,

Inc.

1,090

198,718

Lumentum

Holdings,

Inc.

(a) 2,596

153,268

Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

(continued)

April

30,

2025

-

(Unaudited)

COMMON

STOCKS

—

97.11%

-

(continued)

Shares

Fair

Value

Information

Technology

—

11.27%

-

continued

MKS

Instruments,

Inc.

2,063

$

144,699

856,998

Materials

—

6.94%

Allegheny

Technologies,

Inc.

(a) 3,908

212,517

Avient

Corp.

4,848

161,487

Louisiana-Pacific

Corp.

1,780

153,632

527,636

Real

Estate

—

4.96%

Corporate

Office

Properties

Trust

7,169

187,183

STAG

Industrial,

Inc.

5,754

190,054

377,237

Utilities

—

4.53%

Portland

General

Electric

Co.

4,135

174,166

Southwest

Gas

Holdings,

Inc.

2,358

170,271

344,437

Total

Common

Stocks

(Cost $7,215,923)

7,387,443

MONEY

MARKET

FUNDS

-

2.45%

First

American

Treasury

Obligations

Fund,

Class

X,

4.24%

(b) 186,100

186,100

Total

Money

Market

Funds

(Cost

$186,100)

186,100

Total

Investments

—

99.56%

(Cost

$7,402,023)

7,573,543

Other

Assets

in

Excess

of

Liabilities — 0.44%

33,351

NET

ASSETS

—

100.00%

$

7,606,894

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

April

30,

2025. The

sectors

shown

on

the

schedule

of

investments

are

based

on

the

Global

Industry

Classification

Standard,

or GICS®

("GICS").

The

GICS

was

developed

by

and/or

is

the

exclusive

property

of

MSCI,

Inc.

and

Standard

&

Poor's

Financial

Services

LLC

("S&P").

GICS

is

a

service

mark

of

MSCI,

Inc.

and

S&P

and

has

been

licensed

for

use

by

Ultimus

Fund

Solutions,

LLC.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Valued Advisers Trust

- **b. Investment Company Act file number:** 811-22208

- **c. CIK number of Registrant:** 0001437249

- **d. LEI of Registrant:** 549300W12YUPFS7QVT86

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** CHANNING INTRINSIC VALUE SMALL-CAP FUND

- **b. EDGAR series identifier (if any):** S000071821

- **c. LEI of Series:** 549300N7TFIJV4V5EN41

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-01-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $7637423.73

**Total Liabilities:** $30529.35

**Net Assets:** $7606894.38

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227329 | -6.06%               | -8.92%               | -5.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $130165.92               | $-768905.38                                |
| Month 2  | $-140268.43              | $-731172.40                                |
| Month 3  | $-422649.20              | $-18830.76                                 |

### Schedule of Portfolio Investments

| Name                                         | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Herc Holdings Inc                            | HERC HOLDINGS IN                         | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      1551 | NS      | $169741.44    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| ATI Inc                                      | ATI, Inc.                                | CUSIP: 01741R102<br>LEI: ZW1LRE7C3H17O2ZN9B45 | Long             | EC               | CORP              | US        |      3908 | NS      | $212517.04    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SPX Technologies, Inc.                       | SPX Technologies, Inc.                   | CUSIP: 78473E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1215 | NS      | $162992.25    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                 | Evercore Partners, Inc.                  | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |       962 | NS      | $197488.98    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                           | Timken Co./The                           | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      2726 | NS      | $175145.50    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Boyd Gaming Corporation                      | Boyd Gaming Corp.                        | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      2984 | NS      | $206313.76    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corporation         | First American Financial Corp.           | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      3008 | NS      | $182916.48    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Oil And Gas, Inc.                   | Northern Oil and Gas, Inc.               | CUSIP: 665531307<br>LEI: OKFF0PIZDDMNH4UCYE51 | Long             | EC               | CORP              | US        |      3411 | NS      | $82887.30     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Old National Bancorp                         | Old National Bancorp                     | CUSIP: 680033107<br>LEI: 549300MMK90CL5KMVX16 | Long             | EC               | CORP              | US        |      9533 | NS      | $196284.47    | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OneSpaWorld Holdings Ltd.                    | OneSpaWorld Holdings Ltd.                | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |      9402 | NS      | $157013.40    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.             | Advanced Energy Industries, Inc.         | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |      2054 | NS      | $200080.14    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Artisan Partners Asset Management Inc.       | Artisan Partners Asset Management, Inc.  | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      4981 | NS      | $184197.38    | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                 | Cadence Bank                             | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      6548 | NS      | $191594.48    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Louisiana Pacific Corporation                | Louisiana-Pacific Corp.                  | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      1780 | NS      | $153631.80    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                 | Stifel Financial Corp.                   | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |      2095 | NS      | $179520.55    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation               | Wintrust Financial Corp.                 | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      1774 | NS      | $197215.58    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Belden Inc.                                  | Belden, Inc.                             | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      1554 | NS      | $160232.94    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| SM Energy Co.                                | SM Energy Co.                            | CUSIP: 78454L100<br>LEI: 84BUTVXV5ODI6BXNMH43 | Long             | EC               | CORP              | US        |      3342 | NS      | $76164.18     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Gates Industrial Corp PLC                    | Gates Industrial Corp. PLC               | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | GB        |     11666 | NS      | $220720.72    | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial, Inc.                        | STAG Industrial, Inc.                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      5754 | NS      | $190054.62    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Avient Corporation                           | Avient Corp.                             | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      4848 | NS      | $161486.88    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillenbrand, Inc.                            | Hillenbrand, Inc.                        | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |      3023 | NS      | $61155.29     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                              | Littelfuse, Inc.                         | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      1090 | NS      | $198717.90    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                       | Integer Holdings Corp.                   | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |      1574 | NS      | $198811.94    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Synovus Financial Corp.                      | Synovus Financial Corp                   | CUSIP: 87161C501<br>LEI: 549300EIUS8UN5JTLE54 | Long             | EC               | CORP              | US        |      4567 | NS      | $197842.44    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Nexstar Media Group Inc                      | Nexstar Media Group, Inc.                | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1254 | NS      | $187673.64    | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Entertainment Corp New | Madison Square Garden Entertainment Corp | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5808 | NS      | $188411.52    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                                | Valvoline, Inc.                          | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      3409 | NS      | $116792.34    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Gas Holdings Inc                   | Southwest Gas Corp.                      | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      2358 | NS      | $170271.18    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Asbury Automotive Group, Inc.                | Asbury Automotive Group, Inc.            | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |       759 | NS      | $165568.26    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| McGrath RentCorp.                            | McGrath RentCorp                         | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      1431 | NS      | $152644.77    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MKS Instruments Inc.                         | MKS Instruments, Inc.                    | CUSIP: 55306N104<br>LEI: 549300KEQATBHAGVF505 | Long             | EC               | CORP              | US        |      2063 | NS      | $144698.82    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corporation                          | Parsons Corp.                            | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |      2728 | NS      | $182394.08    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                      | COPT Defense Properties                  | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      7169 | NS      | $187182.59    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                       | Lumentum Holdings, Inc.                  | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |      2596 | NS      | $153267.84    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Installed Building Products Inc              | Installed Building Products, Inc.        | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       610 | NS      | $101156.30    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    186100 | PA      | $186100.26    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunswick Corporation                        | Brunswick Corp.                          | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3139 | NS      | $144550.95    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Company            | Portland General Electric Co.            | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |      4135 | NS      | $174166.20    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc.              | Affiliated Managers Group, Inc.          | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |      1284 | NS      | $212668.92    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Hexcel Corporation                           | Hexcel Corp.                             | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      3387 | NS      | $164167.89    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinks Company                               | Brink's Co./The                          | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      2503 | NS      | $223367.72    | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Pinnacle Financial Partners Inc.             | Pinnacle Financial Partners, Inc.        | CUSIP: 72346Q104<br>LEI: 54930098EZ8JMSAZGS24 | Long             | EC               | CORP              | US        |      1906 | NS      | $191057.44    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                              | MSA Safety, Inc.                         | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      1351 | NS      | $212674.42    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** Valued Advisers Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller