Valued Advisers Trust NPORT-P Bradley Foster & Sargent Equity Fund (Aug 2021 report)

BFS

Equity

Fund

Schedule

of

Investments

August

31,

2021

-

(Unaudited)

COMMON

STOCKS

—

91.68%

Shares

Fair

Value

Aerospace

&

Defense

—

1.85%

Northrop

Grumman

Corp.

2,000‌

$

735,400‌

Raytheon

Technologies

Corp.

3,500‌

296,660‌

1,032,060‌

Banking

—

2.15%

JPMorgan

Chase

&

Co.

7,500‌

1,199,625‌

Beverages

—

1.12%

PepsiCo,

Inc.

4,000‌

625,560‌

Biotech

&

Pharmaceuticals

—

2.76%

Johnson

&

Johnson

3,000‌

519,390‌

Zoetis,

Inc.

5,000‌

1,022,800‌

1,542,190‌

Cable

&

Satellite

—

2.17%

Comcast

Corp.,

Class

A

20,000‌

1,213,600‌

Chemicals

—

4.27%

Ecolab,

Inc.

4,500‌

1,014,120‌

Sherwin-Williams

Co.

(The)

4,500‌

1,366,515‌

2,380,635‌

E-Commerce

Discretionary

—

4.98%

Amazon.com,

Inc.

(a)

800‌

2,776,632‌

Electrical

Equipment

—

1.29%

Keysight

Technologies,

Inc.

(a)

4,000‌

717,520‌

Entertainment

Content

—

1.30%

Walt

Disney

Co.

(The)

4,000‌

725,200‌

Food

—

1.11%

Mondelez

International,

Inc.,

Class

A

10,000‌

620,700‌

Health

Care

Facilities

&

Services

—

3.63%

IQVIA

Holdings,

Inc.

(a)

3,000‌

779,190‌

UnitedHealth

Group,

Inc.

3,000‌

1,248,810‌

2,028,000‌

Home

Construction

—

2.14%

D.R.

Horton,

Inc.

12,500‌

1,195,250‌

Institutional

Financial

Services

—

1.78%

Goldman

Sachs

Group,

Inc.

(The)

2,400‌

992,424‌

Insurance

—

2.95%

Berkshire

Hathaway,

Inc.,

Class

B

(a)

3,000‌

857,310‌

Marsh

&

McLennan

Cos.,

Inc.

5,000‌

786,000‌

1,643,310‌

Internet

Media

&

Services

—

8.59%

Alphabet,

Inc.,

Class

A

(a)

1,000‌

2,893,950‌

Facebook,

Inc.,

Class

A

(a)

5,000‌

1,896,900‌

4,790,850‌

Leisure

Facilities

&

Services

—

0.53%

Starbucks

Corp.

2,500‌

293,725‌

BFS

Equity

Fund

Schedule

of

Investments

(continued)

August

31,

2021

-

(Unaudited)

COMMON

STOCKS

—

91.68%

-

continued

Shares

Fair

Value

Medical

Equipment

&

Devices

—

6.80%

Danaher

Corp.

4,000‌

$

1,296,640‌

Stryker

Corp.

4,000‌

1,108,400‌

Thermo

Fisher

Scientific,

Inc.

2,500‌

1,387,375‌

3,792,415‌

Metals

&

Mining

—

2.06%

Agnico

Eagle

Mines

Ltd.

20,000‌

1,150,400‌

Oil

&

Gas

Producers

—

2.49%

ConocoPhillips

25,000‌

1,388,250‌

Retail

-

Consumer

Staples

—

2.86%

Costco

Wholesale

Corp.

3,500‌

1,594,215‌

Retail

-

Discretionary

—

7.80%

Dick's

Sporting

Goods,

Inc.

13,000‌

1,830,530‌

Home

Depot,

Inc.

(The)

4,000‌

1,304,720‌

Lowe's

Cos.,

Inc.

6,000‌

1,223,340‌

4,358,590‌

Semiconductors

—

1.07%

Taiwan

Semiconductor

Manufacturing

Co.,

Ltd.

-

ADR

5,000‌

595,050‌

Software

—

14.86%

Adobe

Systems,

Inc.

(a)

2,000‌

1,327,400‌

Fortinet,

Inc.

(a)

5,000‌

1,575,700‌

Microsoft

Corp.

9,000‌

2,716,920‌

Oracle

Corp.

7,500‌

668,475‌

salesforce.com,

Inc.

(a)

5,000‌

1,326,350‌

SS&C

Technologies

Holdings,

Inc.

9,000‌

680,940‌

8,295,785‌

Specialty

Finance

—

0.74%

American

Express

Co.

2,500‌

414,900‌

Technology

Hardware

—

4.07%

Apple,

Inc.

15,000‌

2,277,450‌

Technology

Services

—

3.93%

Automatic

Data

Processing,

Inc.

3,000‌

627,120‌

Fiserv,

Inc.

(a)

5,000‌

588,950‌

MasterCard,

Inc.,

Class

A

1,500‌

519,345‌

Visa,

Inc.,

Class

A

2,000‌

458,200‌

2,193,615‌

Transportation

&

Logistics

—

2.38%

FedEx

Corp.

5,000‌

1,328,450‌

Total

Common

Stocks

(Cost $28,393,123)

51,166,401‌

MONEY

MARKET

FUNDS

-

4.66%

Fidelity

Investments

Money

Market

Government

Portfolio,

Institutional

Class,

0.01%

(b)

2,598,026‌

2,598,026‌

Total

Money

Market

Funds

(Cost

$2,598,026)

2,598,026‌

BFS

Equity

Fund

Schedule

of

Investments

(continued)

August

31,

2021

-

(Unaudited)

Total

Investments

—

96.34%

    (Cost

$30,991,149)

$

53,764,427‌

Other

Assets

in

Excess

of

Liabilities — 3.66%

2,041,843‌

NET

ASSETS

—

100.00%

$

55,806,270‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2021.

ADR

-

American

Depositary

Receipt