# EDGAR Filing Document

**Accession Number:** 0001437249
**File Stem:** 0000910472-26-004953
**Filing Date:** 2026-3
**Character Count:** 18600
**Document Hash:** f7dcba769df1ecd14f43694e2221f079
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004953.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004953

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26818029

**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

### Kovitz Core Equity ETF (Series ID: S000077457)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000237915 | Kovitz Core Equity ETF | EQTY            |

## Nport-Ex

Kovitz

Core

Equity

ETF

Schedule

of

Investments

January

31,

2026

(Unaudited)

COMMON

STOCKS

—

98.19%

Shares

Fair

Value

Communications

—

9.81%

Alphabet,

Inc.,

Class

A

23,958

$

8,097,804

Alphabet,

Inc.,

Class

C

172,071

58,251,195

Meta

Platforms,

Inc.,

Class

A

62,678

44,908,787

Universal

Music

Group

NV

-

ADR

1,656,771

20,245,742

131,503,528

Consumer

Discretionary

—

10.53%

Amazon.com,

Inc.

(a) 265,745

63,592,779

CarMax,

Inc.

(a) 266,985

11,891,512

Copart,

Inc.

(a) 670,164

27,195,255

Floor

&

Decor

Holdings,

Inc.,

Class

A

(a) 146,560

9,667,098

Lowe's

Companies,

Inc.

107,599

28,735,388

141,082,032

Consumer

Staples

—

5.87%

Dollar

Tree,

Inc.

(a) 147,736

17,372,276

Philip

Morris

International,

Inc.

341,370

61,255,433

78,627,709

Financials

—

20.25%

American

Express

Co.

34,807

12,257,981

Aon

PLC,

Class

A

154,752

54,107,489

Berkshire

Hathaway,

Inc.,

Class

B

(a) 44,732

21,495,068

Charles

Schwab

Corp.

(The)

513,447

53,357,412

Intercontinental

Exchange,

Inc.

367,623

63,885,525

Ryan

Specialty

Group

Holdings,

Inc.

354,850

17,132,158

Visa,

Inc.,

Class

A

152,831

49,185,601

271,421,234

Health

Care

—

15.74%

Abbott

Laboratories

5,812

635,252

Alcon,

Inc.

489,388

39,630,640

Becton,

Dickinson

and

Co.

286,179

58,231,703

Cooper

Companies,

Inc.

(The)

(a) 407,293

33,145,504

Thermo

Fisher

Scientific,

Inc.

82,895

47,963,876

Waters

Corp.

(a) 84,742

31,415,554

211,022,529

Industrials

—

12.61%

Amentum

Holdings,

Inc.

(a) 930,531

33,294,399

Ashtead

Group

PLC

-

ADR

615,291

38,984,838

Hayward

Holdings,

Inc.

(a) 825,529

13,324,038

Jacobs

Solutions,

Inc.

282,610

38,225,829

PACCAR,

Inc.

367,340

45,149,759

168,978,863

Technology

—

23.38%

Advanced

Micro

Devices,

Inc.

(a) 117,447

27,803,228

Analog

Devices,

Inc.

131,273

40,810,151

Apple,

Inc.

71,564

18,569,427

Applied

Materials,

Inc.

106,526

34,335,461

Arista

Networks,

Inc.

(a) 177,234

25,121,147

Kovitz

Core

Equity

ETF

Schedule

of

Investments

(continued)

January

31,

2026

(Unaudited)

COMMON

STOCKS

—

98.19%

-

(continued)

Shares

Fair

Value

Technology

—

23.38%

-

(continued)

Keysight

Technologies,

Inc.

(a) 185,866

$

40,208,392

Microsoft

Corp.

119,996

51,633,078

Motorola

Solutions,

Inc.

105,339

42,403,161

Salesforce,

Inc.

153,488

32,583,968

313,468,013

Total

Common

Stocks/Investments

—

98.19%

(Cost $964,070,348)

1,316,103,908

Other

Assets

in

Excess

of

Liabilities — 1.81%

24,227,194

NET

ASSETS

—

100.00%

$

1,340,331,102

(a) Non-income

producing

security.

ADR

-

American

Depositary

Receipt

## 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:** KOVITZ CORE EQUITY ETF

- **b. EDGAR series identifier (if any):** S000077457

- **c. LEI of Series:** 549300VUKI0ZJ3TE1C73

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1350167997.02

**Total Liabilities:** $9836894.81

**Net Assets:** $1340331102.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237915 | 2.08%                | 1.72%                | 2.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-8080742.41             | $34464773.02                               |
| Month 2  | $26436102.14             | $-4806212.40                               |
| Month 3  | $3263310.70              | $34132815.42                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Abbott Laboratories              | Abbott Laboratories               | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      5812 | NS      | $635251.60    | 0.05%             |  |  |  | No            | 1                  | On Loan: No      |
| Advanced Micro Devices Inc.      | Advanced Micro Devices, Inc.      | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |    117447 | NS      | $27803228.31  | 2.07%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc.                    | Alphabet, Inc.                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |    172071 | NS      | $58251195.63  | 4.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Alphabet Inc.                    | Alphabet, Inc.                    | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     23958 | NS      | $8097804.00   | 0.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Amazon.com, Inc.                 | Amazon.com, Inc.                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    265745 | NS      | $63592778.50  | 4.74%             |  |  |  | No            | 1                  | On Loan: No      |
| Amentum Holdings, Inc.           | Amentum Holdings, Inc.            | CUSIP: 023939101<br>LEI: 2549009FJIBLW40CU216 | Long             | EC               | CORP              | US        |    930531 | NS      | $33294399.18  | 2.48%             |  |  |  | No            | 1                  | On Loan: No      |
| American Express Company         | American Express Company          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     34807 | NS      | $12257981.19  | 0.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Analog Devices Inc.              | Analog Devices, Inc.              | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    131273 | NS      | $40810150.24  | 3.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Apple Inc.                       | Apple, Inc.                       | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     71564 | NS      | $18569426.72  | 1.39%             |  |  |  | No            | 1                  | On Loan: No      |
| Applied Materials Inc.           | Applied Materials, Inc.           | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    106526 | NS      | $34335460.32  | 2.56%             |  |  |  | No            | 1                  | On Loan: No      |
| Arista Networks Inc              | Arista Networks, Inc.             | CUSIP: 040413205<br>LEI: 635400H1WKBLOQERUU95 | Long             | EC               | CORP              | US        |    177234 | NS      | $25121147.16  | 1.87%             |  |  |  | No            | 1                  | On Loan: No      |
| Ashtead Group PLC                | Ashtead Group plc                 | CUSIP: 045055209<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | GB        |    615291 | NS      | $38984837.76  | 2.91%             |  |  |  | No            | 1                  | On Loan: No      |
| Becton, Dickinson and Company    | Becton Dickinson & Company        | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    286179 | NS      | $58231702.92  | 4.34%             |  |  |  | No            | 1                  | On Loan: No      |
| Berkshire Hathaway Inc.          | Berkshire Hathaway, Inc.          | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     44732 | NS      | $21495067.96  | 1.60%             |  |  |  | No            | 1                  | On Loan: No      |
| Carmax Inc                       | CarMax, Inc.                      | CUSIP: 143130102<br>LEI: 529900F60CID3NCZM330 | Long             | EC               | CORP              | US        |    266985 | NS      | $11891511.90  | 0.89%             |  |  |  | No            | 1                  | On Loan: No      |
| The Cooper Companies, Inc.       | Cooper Companies, Inc. (The)      | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |    407293 | NS      | $33145504.34  | 2.47%             |  |  |  | No            | 1                  | On Loan: No      |
| Copart Inc                       | Copart, Inc.                      | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    670164 | NS      | $27195255.12  | 2.03%             |  |  |  | No            | 1                  | On Loan: No      |
| Dollar Tree Inc                  | Dollar Tree, Inc.                 | CUSIP: 256746108<br>LEI: 549300PMSTQITB1WHR43 | Long             | EC               | CORP              | US        |    147736 | NS      | $17372276.24  | 1.30%             |  |  |  | No            | 1                  | On Loan: No      |
| Meta Platforms Inc               | Meta Platforms, Inc.              | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     62678 | NS      | $44908787.00  | 3.35%             |  |  |  | No            | 1                  | On Loan: No      |
| Floor And Decor Holding Inc.     | Floor & Decor Holdings, Inc.      | CUSIP: 339750101<br>LEI: 549300M5FR3N688XGQ36 | Long             | EC               | CORP              | US        |    146560 | NS      | $9667097.60   | 0.72%             |  |  |  | No            | 1                  | On Loan: No      |
| Hayward Holdings Inc             | Hayward Holdings, Inc.            | CUSIP: 421298100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    825529 | NS      | $13324038.06  | 0.99%             |  |  |  | No            | 1                  | On Loan: No      |
| Intercontinental Exchange Inc    | Intercontinental Exchange, Inc.   | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    367623 | NS      | $63885524.94  | 4.77%             |  |  |  | No            | 1                  | On Loan: No      |
| Jacobs Solutions Inc.            | Jacobs Solutions, Inc.            | CUSIP: 46982L108<br>LEI: 254900E3KHXCC2C8K272 | Long             | EC               | CORP              | US        |    282610 | NS      | $38225828.60  | 2.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Keysight Technologies, Inc.      | Keysight Technologies, Inc.       | CUSIP: 49338L103<br>LEI: 549300GLKVIO8YRCYN02 | Long             | EC               | CORP              | US        |    185866 | NS      | $40208391.78  | 3.00%             |  |  |  | No            | 1                  | On Loan: No      |
| Lowes Companies, Inc.            | Lowe's Companies, Inc.            | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    107599 | NS      | $28735388.94  | 2.14%             |  |  |  | No            | 1                  | On Loan: No      |
| Microsoft Corp.                  | Microsoft Corporation             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    119996 | NS      | $51633078.84  | 3.85%             |  |  |  | No            | 1                  | On Loan: No      |
| Motorola Solutions Inc           | Motorola Solutions, Inc.          | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |    105339 | NS      | $42403161.06  | 3.16%             |  |  |  | No            | 1                  | On Loan: No      |
| Paccar Inc                       | PACCAR, Inc.                      | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |    367340 | NS      | $45149759.40  | 3.37%             |  |  |  | No            | 1                  | On Loan: No      |
| Philip Morris International Inc. | Philip Morris International, Inc. | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |    341370 | NS      | $61255432.80  | 4.57%             |  |  |  | No            | 1                  | On Loan: No      |
| Ryan Specialty Holdings Inc      | Ryan Specialty Holdings, Inc.     | CUSIP: 78351F107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    354850 | NS      | $17132158.00  | 1.28%             |  |  |  | No            | 1                  | On Loan: No      |
| Salesforce Inc.                  | Salesforce, Inc.                  | CUSIP: 79466L302<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | EC               | CORP              | US        |    153488 | NS      | $32583967.52  | 2.43%             |  |  |  | No            | 1                  | On Loan: No      |
| The Charles Schwab Corporation   | Charles Schwab Corporation (The)  | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    513447 | NS      | $53357412.24  | 3.98%             |  |  |  | No            | 1                  | On Loan: No      |
| Thermo Fisher Scientific Inc     | Thermo Fisher Scientific, Inc.    | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     82895 | NS      | $47963875.95  | 3.58%             |  |  |  | No            | 1                  | On Loan: No      |
| Universal Music Group N.V        | Universal Music Group N.V.        | CUSIP: 91377B109<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |   1656771 | NS      | $20245741.62  | 1.51%             |  |  |  | No            | 1                  | On Loan: No      |
| Visa Inc                         | Visa, Inc.                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    152831 | NS      | $49185600.73  | 3.67%             |  |  |  | No            | 1                  | On Loan: No      |
| Waters Corporation               | Waters Corporation                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |     84742 | NS      | $31415554.24  | 2.34%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                              | BBH SWEEP VEHICLE                 | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             |  | US        |  33235791 | PA      | $33235790.76  | 2.48%             |  |  |  | No            | N/A                | On Loan: No      |
| Aon PLC                          | Aon plc                           | CUSIP: G0403H108<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | GB        |    154752 | NS      | $54107489.28  | 4.04%             |  |  |  | No            | 1                  | On Loan: No      |
| Alcon AG                         | Alcon A.G.                        | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |    489388 | NS      | $39630640.24  | 2.96%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** Valued Advisers Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer