# EDGAR Filing Document

**Accession Number:** 0001437249
**File Stem:** 0001580642-25-005469
**Filing Date:** 2025-8
**Character Count:** 10991
**Document Hash:** f38bd0c2b4c81104495b5d432eea6240
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-005469.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001580642-25-005469

**CONFORMED SUBMISSION TYPE**: N-PX

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**EFFECTIVENESS DATE**: 20250826

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** N-PX
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22208
- **FILM NUMBER:** 251255807

**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

## FORM N-PX
### ANNUAL REPORT OF PROXY VOTING RECORD

## N-PX: Filer Information

**Filer CIK:** 0001437249

**Date of Report:** 06/30/2025

**Are you a Registered Management Investment Company or an Institutional Manager?:** Registered Management Investment Company

**Is this a LIVE or TEST Filing?:** LIVE

**Is this an electronic copy of an official filing submitted in paper format?:** [ ]

### Submission Contact Information
_Not provided in this filing._

### Notification Information
**Notify via Filing Website only?:** [ ]

## N-PX: Cover Page

**Name of reporting person:** VALUED ADVISERS TRUST

**Address:** c/o Ultimus Fund Solutions, LLC, Cincinnati, OH 45246

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

**Name of agent for service:** Terry Davis, DLA Piper LLP

**Agent Address:** One Atlantic Center, Atlanta, GA 30309

**Reporting Period:** Report for the year ended 06/30/2025

**SEC File Number:** 811-22208

**CRD Number (if any):** —

**Other SEC File Number (if any):** —

**LEI (if any):** 549300W12YUPFS7QVT86

**Report Type (check only one):**

Institutional Manager.

- [ ] Institutional Manager Voting Report

- [ ] Institutional Manager Notice Report

- [ ] Institutional Manager Combination Report

Registered Management Investment Company.

- [x] Fund Voting Report

- [ ] Fund Notice Report

**Do you wish to provide explanatory information pursuant to Special Instruction B.4?:**

- [x] No

- [ ] Yes

**Additional information:** —

## N-PX: Summary - Included Managers

**Number of Included Institutional Managers:** 0

**Included Institutional Managers:** —

## FORM N-PX PROXY VOTING RECORD

| NAME OF ISSUER                                   | CUSIP     | MEETING DATE   | VOTE DESCRIPTION                                                                                                                                                                                                             | VOTE CATEGORY      |   SHARES VOTED |   SHARES ON LOAN | HOW VOTED   |   SHARES VOTED FOR OR AGAINST MANAGEMENT | FOR OR AGAINST MANAGEMENT   | OTHER INFO   |
|:---|:---|:---|:---|:---|---:|---:|:---|---:|:---|:---|
| Vanguard Energy Index Fund VDE                   | 92204A306 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |           8060 |                0 | For         |                                     8060 | FOR                         |  |
| Vanguare Intermed BND Fund BIV                   | 921937819 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |          18760 |                0 | For         |                                    18760 | FOR                         |  |
| Vanguard Short Term BND Fund BSV                 | 921937827 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |             10 |                0 | For         |                                       10 | FOR                         |  |
| Vanguard Long Term BND Fund BLV                  | 921937793 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |          13280 |                0 | For         |                                    13280 | FOR                         |  |
| Vanguard Real Estate Fund VNQ                    | 922908553 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |          11378 |                0 | For         |                                    11378 | FOR                         |  |
| Fidelity Select Semiconductors Portfolio - FSELX | 316390863 | 07/16/2024     | Election of Director: Doulton, Lawrence, Advani, Bostick, Donahue, Fuller, Kampling, Kennedy, Munoz, Peetz, Thomal, Tomansky, Wiley                                                                                          | DIRECTOR ELECTIONS |          84704 |                0 | For         |                                    84704 | FOR                         |  |
| Fidelity Blue Chip Growth - FBCG                 | 316092352 | 07/16/2024     | Election of Director: Doulton, Lawrence, Advani, Bostick, Donahue, Fuller, Kampling, Kennedy, Munoz, Peetz, Thomal, Tomansky, Wiley                                                                                          | DIRECTOR ELECTIONS |         226560 |                0 | For         |                                   226560 | FOR                         |  |
| Fidelity Select Industruals - FCYIX              | 316390517 | 07/16/2024     | Election of Director: Doulton, Lawrence, Advani, Bostick, Donahue, Fuller, Kampling, Kennedy, Munoz, Peetz, Thomal, Tomansky, Wiley                                                                                          | DIRECTOR ELECTIONS |          66295 |                0 | For         |                                    66295 | FOR                         |  |
| Marsico Focus Inst - MIFOX                       | 573012804 | 08/28/2024     | Election of Director: Marsico, Flavin, Gillers, Goodgold, Rierson                                                                                                                                                            | DIRECTOR ELECTIONS |         308522 |                0 | For         |                                   308522 | FOR                         |  |
| Fidelity Select Semiconductors Portfolio - FSELX | 316390863 | 07/16/2024     | Election of Director: Doulton, Lawrence, Advani, Bostick, Donahue, Fuller, Kampling, Kennedy, Munoz, Peetz, Thomal, Tomansky, Wiley                                                                                          | DIRECTOR ELECTIONS |          72937 |                0 | For         |                                    72937 | FOR                         |  |
| Fidelity Blue Chip Growth - FBCG                 | 316092352 | 07/16/2024     | Election of Director: Doulton, Lawrence, Advani, Bostick, Donahue, Fuller, Kampling, Kennedy, Munoz, Peetz, Thomal, Tomansky, Wiley                                                                                          | DIRECTOR ELECTIONS |          39780 |                0 | For         |                                    39780 | FOR                         |  |
| Fidelity Select Industruals - FCYIX              | 316390517 | 07/16/2024     | Election of Director: Doulton, Lawrence, Advani, Bostick, Donahue, Fuller, Kampling, Kennedy, Munoz, Peetz, Thomal, Tomansky, Wiley                                                                                          | DIRECTOR ELECTIONS |          18562 |                0 | For         |                                    18562 | FOR                         |  |
| Marsico Focus Inst - MIFOX                       | 573012804 | 08/28/2024     | Election of Director: Marsico, Flavin, Gillers, Goodgold, Rierson                                                                                                                                                            | DIRECTOR ELECTIONS |          84844 |                0 | For         |                                    84844 | FOR                         |  |
| Vanguare Intermed BND Fund BIV                   | 921937819 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |          18760 |                0 | For         |                                    18760 | FOR                         |  |
| Vanguard Real Estate Fund VNQ                    | 922908553 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |          11378 |                0 | For         |                                    11378 | FOR                         |  |
| Vanguard Energy Index Fund VDE                   | 92204A306 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |           8060 |                0 | For         |                                     8060 | FOR                         |  |
| Vanguard Long Term BND Fund BLV                  | 921937793 | 02/26/2025     | Vote Board of Directors: Tara Bunch, Mark Loughridge,Scott Malpass, John Murphy, Lubos Pastor, Rebecca Patterson, Andre Perold, Salim Ramji, Sarah Bloom Raskin, Grant Reid, David Thomas, Barbara Venneman, Peter Volanakis | DIRECTOR ELECTIONS |          13280 |                0 | For         |                                    13280 | FOR                         |  |

## N-PX: Signature Block

**Reporting Person:** VALUED ADVISERS TRUST

**By (Signature):** /s/ Matthew Miller

**By (Printed Signature):** /s/ Matthew Miller

**By (Title):** President and Chief Executive Officer

**Date:** 08/26/2025