# EDGAR Filing Document

**Accession Number:** 0001437249
**File Stem:** 0000910472-26-010157
**Filing Date:** 2026-6
**Character Count:** 22360
**Document Hash:** 5222ce466973f2eb8a475bb57d2bec3b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-010157.hdr.sgml**: 20260629

**ACCESSION NUMBER**: 0000910472-26-010157

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260629

**DATE AS OF CHANGE**: 20260629

**PERIOD START**: 20270131

**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:** 261133403

**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,

2026

-

(Unaudited)

COMMON

STOCKS

—

98.00%

Shares

Fair

Value

Communication

Services

—

4.81%

Madison

Square

Garden

Entertainment

Corp.

(a) 3,783

$

253,158

Nexstar

Media

Group,

Inc.

1,327

276,202

529,360

Consumer

Discretionary

—

12.55%

Asbury

Automotive

Group,

Inc.

(a) 820

167,026

Boyd

Gaming

Corp.

2,475

215,201

Brunswick

Corp.

3,141

249,552

Dorman

Products,

Inc.

(a) 407

45,792

Installed

Building

Products,

Inc.

107,052

OneSpaWorld

Holdings

Ltd.

11,811

291,260

Valvoline,

Inc.

(a) 9,179

305,018

1,380,901

Energy

—

1.64%

California

Resources

Corp.

2,640

180,206

Financials

—

21.45%

Affiliated

Managers

Group,

Inc.

881

259,604

Artisan

Partners

Asset

Management,

Inc.,

Class

A

5,959

223,105

Columbia

Banking

System,

Inc.

9,365

277,204

First

American

Financial

Corp.

4,100

287,533

Hancock

Whitney

Corp.

4,049

273,348

Independent

Bank

Corp.

2,924

228,043

Moelis

&

Co.,

Class

A

4,074

265,299

Renasant

Corp.

6,758

269,577

Wintrust

Financial

Corp.

1,837

276,597

2,360,310

Industrials

—

28.04%

Atmus

Filtration

Technologies,

Inc.

4,328

274,395

Brink's

Co.

(The)

2,202

235,064

Centuri

Holdings,

Inc.

(a) 6,260

235,376

CSW

Industrials,

Inc.

856

249,267

Gates

Industrial

Corp.

PLC

(a) 11,343

290,494

Herc

Holdings,

Inc.

2,022

256,632

Hexcel

Corp.

3,049

286,210

McGrath

RentCorp

2,534

280,134

Modine

Manufacturing

Co.

(a) 700

178,241

MSA

Safety,

Inc.

1,696

282,197

Parsons

Corp.

(a) 4,553

229,517

Timken

Co.

(The)

2,585

286,650

3,084,177

Information

Technology

—

13.25%

Advanced

Energy

Industries,

Inc.

171,224

Belden,

Inc.

2,291

257,692

Crane

NXT,

Inc.

6,138

274,246

Littelfuse

,

Inc.

831

335,865

Onto

Innovation,

Inc.

(a) 591

174,380

Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

(continued)

April

30,

2026

-

(Unaudited)

COMMON

STOCKS

—

98.00%

-

(continued)

Shares

Fair

Value

Information

Technology

—

13.25%

-

continued

OSI

Systems,

Inc.

(a) 854

$

245,030

1,458,437

Materials

—

6.60%

Avient

Corp.

6,341

235,124

Axalta

Coating

Systems

Ltd.

(a) 9,074

258,065

Louisiana-Pacific

Corp.

3,223

232,668

725,857

Real

Estate

—

7.03%

Corporate

Office

Properties

Trust

8,459

264,344

Cushman

&

Wakefield

Ltd.

(a) 17,033

239,143

STAG

Industrial,

Inc.

7,010

270,446

773,933

Utilities

—

2.63%

Southwest

Gas

Holdings,

Inc.

3,079

289,580

Total

Common

Stocks

(Cost $9,079,325)

10,782,761

MONEY

MARKET

FUNDS

-

2.08%

First

American

Treasury

Obligations

Fund,

Class

X,

3.59%

(b) 228,872

228,872

Total

Money

Market

Funds

(Cost

$228,872)

228,872

Total

Investments

—

100.08%

(Cost

$9,308,197)

11,011,633

Liabilities

in

Excess

of

Other

Assets — (0.08)%

(8,572)

NET

ASSETS

—

100.00%

$

11,003,061

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

April

30,

2026. 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:** 2027-01-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $11037007.91

**Total Liabilities:** $33947.21

**Net Assets:** $11003060.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227329 | 4.22%                | -8.92%               | 8.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $308471.22               | $116128.65                                 |
| Month 2  | $200073.83               | $-1197434.73                               |
| Month 3  | $176598.81               | $704851.25                                 |

### 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, Inc.                             | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      2022 | NS      | $256632.24    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| ONTO INNOVATION INC                      | Onto Innovation, Inc.                           | CUSIP: 683344105<br>LEI: 254900RXZVN73CHOO062 | Long             | EC               | CORP              | US        |       591 | NS      | $174380.46    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| TIMKEN COMPANY (THE)                     | Timken Company (The)                            | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |      2585 | NS      | $286650.65    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| BOYD GAMING CORP                         | Boyd Gaming Corporation                         | CUSIP: 103304101<br>LEI: 254900787YGRYS2A1Z35 | Long             | EC               | CORP              | US        |      2475 | NS      | $215201.25    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FINANCIAL CORP            | First American Financial Corporation            | CUSIP: 31847R102<br>LEI: 549300B6VEZK3N0A1P55 | Long             | EC               | CORP              | US        |      4100 | NS      | $287533.00    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DORMAN PRODUCTS INC                      | Dorman Products, Inc.                           | CUSIP: 258278100<br>LEI: 2549000O0BBUX740XR59 | Long             | EC               | CORP              | US        |       407 | NS      | $45791.57     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| CSW INDUSTRIALS INC                      | CSW Industrials, Inc.                           | CUSIP: 126402106<br>LEI: 549300SYOEO3RVQ7FB83 | Long             | EC               | CORP              | US        |       856 | NS      | $249267.20    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ONESPAWORLD HOLDINGS LTD                 | OneSpaWorld Holdings Ltd.                       | CUSIP: P73684113<br>LEI: 5493007W8PZ8W6UC2X76 | Long             | EC               | CORP              | BS        |     11811 | NS      | $291259.26    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| ADVANCED ENERGY INDUSTRIES INC           | Advanced Energy Industries, Inc.                | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |       446 | NS      | $171223.86    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| RENASANT CORP                            | Renasant Corporation                            | CUSIP: 75970E107<br>LEI: 549300OVE6OZHW2UUH81 | Long             | EC               | CORP              | US        |      6758 | NS      | $269576.62    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ARTISAN PARTNERS ASSET MANAGEMENT INC    | Artisan Partners Asset Management, Inc.         | CUSIP: 04316A108<br>LEI: 549300T1FUI6JF63XU51 | Long             | EC               | CORP              | US        |      5959 | NS      | $223104.96    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK WHITNEY CORP                     | Hancock Whitney Corporation                     | CUSIP: 410120109<br>LEI: 549300GRNBWY8HIICT41 | Long             | EC               | CORP              | US        |      4049 | NS      | $273347.99    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LOUISIANA PACIFIC CORP                   | Louisiana-Pacific Corporation                   | CUSIP: 546347105<br>LEI: 549300C7E2UAO5BVRR75 | Long             | EC               | CORP              | US        |      3223 | NS      | $232668.37    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIFORNIA RESOURCES CORP                | California Resources Corporation                | CUSIP: 13057Q305<br>LEI: 5493003Q8F0T4F4YMR48 | Long             | EC               | CORP              | US        |      2640 | NS      | $180206.40    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| WINTRUST FINANCIAL CORP                  | Wintrust Financial Corporation                  | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |      1837 | NS      | $276597.09    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC                               | Belden, Inc.                                    | CUSIP: 077454106<br>LEI: 68BKYO1JC791TTJHUE82 | Long             | EC               | CORP              | US        |      2291 | NS      | $257691.68    | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GATES INDUSTRIAL CORP PLC                | Gates Industrial Corp plc                       | CUSIP: G39108108<br>LEI: 549300S6K4FWUSB9KM27 | Long             | EC               | CORP              | US        |     11343 | NS      | $290494.23    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG INDUSTRIAL INC                      | STAG Industrial, Inc.                           | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |      7010 | NS      | $270445.80    | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AVIENT CORP                              | Avient Corporation                              | CUSIP: 05368V106<br>LEI: SM8L9RZYIB34LNTWO040 | Long             | EC               | CORP              | US        |      6341 | NS      | $235124.28    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MODINE MANUFACTURING COMPANY             | Modine Manufacturing Company                    | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |       700 | NS      | $178241.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| LITTELFUSE INC                           | Littelfuse, Inc.                                | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |       831 | NS      | $335865.27    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSHMAN & WAKEFIELD LTD                  | Cushman & Wakefield Ltd.                        | CUSIP: G2717C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17033 | NS      | $239143.32    | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMUS FILTRATION TECHNOLOGIES INC        | Atmus Filtration Technologies, Inc.             | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4328 | NS      | $274395.20    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| INDEPENDENT BANK CORP (MASSACHUSETTS)    | Independent Bank Corporation                    | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |      2924 | NS      | $228042.76    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CRANE NXT COMPANY                        | Crane NXT Company                               | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |      6138 | NS      | $274245.84    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXSTAR MEDIA GROUP INC                  | Nexstar Media Group, Inc.                       | CUSIP: 65336K103<br>LEI: 52990083ZRR5UT591988 | Long             | EC               | CORP              | US        |      1327 | NS      | $276201.78    | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MADISON SQUARE GARDEN ENTERTAINMENT CORP | Madison Square Garden Entertainment Corporation | CUSIP: 558256103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3783 | NS      | $253158.36    | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| VALVOLINE INC                            | Valvoline, Inc.                                 | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |      9179 | NS      | $305018.17    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| COLUMBIA BANKING SYSTEM INC              | Columbia Banking System, Inc.                   | CUSIP: 197236102<br>LEI: 254900CTRJTQZ3BJ2V17 | Long             | EC               | CORP              | US        |      9365 | NS      | $277204.00    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWEST GAS HOLDINGS INC               | Southwest Gas Holdings, Inc.                    | CUSIP: 844895102<br>LEI: 254900LKF9EV0CUKNE09 | Long             | EC               | CORP              | US        |      3079 | NS      | $289579.95    | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ASBURY AUTOMOTIVE GROUP INC              | Asbury Automotive Group, Inc.                   | CUSIP: 043436104<br>LEI: 549300JH4DTA7U42GL91 | Long             | EC               | CORP              | US        |       820 | NS      | $167025.80    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MCGRATH RENTCORP                         | McGrath RentCorporation                         | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |      2534 | NS      | $280133.70    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PARSONS CORP                             | Parsons Corporation                             | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Long             | EC               | CORP              | US        |      4553 | NS      | $229516.73    | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                  | COPT Defense Properties                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |      8459 | NS      | $264343.75    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTURI HOLDINGS INC                     | Centuri Holdings, Inc.                          | CUSIP: 155923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6260 | NS      | $235376.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| INSTALLED BUILDING PRODUCTS INC          | Installed Building Products, Inc.               | CUSIP: 45780R101<br>LEI: 549300I95Y9P9YM5FI86 | Long             | EC               | CORP              | US        |       371 | NS      | $107052.05    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FUNDS INC                 | First American Treasury Obligations Fund        | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    228872 | PA      | $228871.71    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| OSI SYSTEMS INC                          | OSI Systems, Inc.                               | CUSIP: 671044105<br>LEI: DDX3MPX1Y8YD30050X33 | Long             | EC               | CORP              | US        |       854 | NS      | $245029.68    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BRUNSWICK CORP                           | Brunswick Corp                                  | CUSIP: 117043109<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | EC               | CORP              | US        |      3141 | NS      | $249552.45    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| AFFILIATED MANAGERS GROUP INC            | Affiliated Managers Group, Inc.                 | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |       881 | NS      | $259604.27    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| HEXCEL CORP                              | Hexcel Corporation                              | CUSIP: 428291108<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | EC               | CORP              | US        |      3049 | NS      | $286209.63    | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BRINK'S COMPANY (THE)                    | Brink's Company (The)                           | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |      2202 | NS      | $235063.50    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| MOELIS & COMPANY                         | Moelis & Company                                | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |      4074 | NS      | $265298.88    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA SAFETY INC                           | MSA Safety, Inc.                                | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |      1696 | NS      | $282197.44    | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AXALTA COATING SYSTEMS LTD               | Axalta Coating Systems Ltd.                     | CUSIP: G0750C108<br>LEI: 529900AGLPA40GV6H619 | Long             | EC               | CORP              | US        |      9074 | NS      | $258064.56    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Valued Advisers Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer