Valued Advisers Trust NPORT-P Channing Intrinsic Value Small-cap Fund (Oct 2021 report)

Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

October

31,

2021

-

(Unaudited)

COMMON

STOCKS

—

97.42%

Shares

Fair

Value

Communications

—

2.60%

Gray

Television,

Inc.

1,656‌

$

38,817‌

Consumer

Discretionary

—

13.32%

Asbury

Automotive

Group,

Inc.

(a)

159‌

31,118‌

Boyd

Gaming

Corp.

(a)

604‌

38,522��

Madison

Square

Garden

Entertainment

Corp.,

Class

A

(a)

433‌

30,514‌

Marriott

Vacations

Worldwide

Corp.

187‌

29,400‌

OneSpaWorld

Holdings

Ltd.

(a)

3,012‌

32,530‌

PVH

Corp.

(a)

336‌

36,735‌

198,819‌

Consumer

Staples

—

4.68%

Darling

Ingredients,

Inc.

(a)

551‌

46,571‌

TreeHouse

Foods,

Inc.

(a)

643‌

23,238‌

69,809‌

Energy

—

2.75%

PDC

Energy,

Inc.

784‌

41,011‌

Financials

—

19.12%

Artisan

Partners

Asset

Management,

Inc.,

Class

A

585‌

28,981‌

Banner

Corp.

691‌

39,913‌

Cadence

Bank

1,209‌

35,082‌

Horace

Mann

Educators

Corp.

645‌

25,271‌

Independent

Bank

Corp.

454‌

38,363‌

Pacific

Premier

Bancorp,

Inc.

867‌

36,405‌

Stifel

Financial

Corp.

573‌

41,754‌

Synovus

Financial

Corp.

849‌

39,555‌

285,324‌

Health

Care

—

6.52%

Integer

Holdings

Corp.

(a)

395‌

35,557‌

Merit

Medical

Systems,

Inc.

(a)

473‌

31,814‌

NuVasive

,

Inc.

(a)

560‌

29,882‌

97,253‌

Industrials

—

25.77%

Allegiant

Travel

Co.

(a)

113‌

19,806‌

Brink's

Co.

(The)

489‌

33,682‌

Cactus,

Inc.,

Class

A

818‌

35,583‌

Gibraltar

Industries,

Inc.

(a)

292‌

19,027‌

Harsco

Corp.

(a)

1,889‌

32,302‌

Hillenbrand,

Inc.

675‌

30,686‌

Kennametal,

Inc.

965‌

38,358‌

MSA

Safety,

Inc.

241‌

36,880‌

Regal

Rexnord

Corp.

201‌

30,684‌

SPX

Corp.

(a)

672‌

39,036‌

SPX

FLOW,

Inc.

468‌

34,964‌

Zurn

Water

Solutions

Corp.

919‌

33,341‌

384,349‌

Channing

Intrinsic

Value

Small-Cap

Fund

Schedule

of

Investments

(continued)

October

31,

2021

-

(Unaudited)

COMMON

STOCKS

—

97.42%

-

(continued)

Shares

Fair

Value

Materials

—

5.77%

Allegheny

Technologies,

Inc.

(a)

2,212‌

$

35,613‌

Avient

Corp.

938‌

50,540‌

86,153‌

Real

Estate

—

4.30%

Corporate

Office

Properties

Trust

1,242‌

33,683‌

Physicians

Realty

Trust

1,604‌

30,492‌

64,175‌

Technology

—

12.59%

Avaya

Holdings

Corp.

(a)

879‌

16,367‌

CMC

Materials,

Inc.

59‌

7,574‌

ExlService

Holdings,

Inc.

(a)

311‌

38,138‌

FormFactor

,

Inc.

(a)

840‌

33,415‌

ManTech

International

Corp.,

Class

A

431‌

37,161‌

MaxLinear

,

Inc.

(a)

877‌

55,251‌

187,906‌

Total

Common

Stocks

(Cost $1,400,274)

1,453,616‌

MONEY

MARKET

FUNDS

-

2.16%

First

American

Treasury

Obligations

Fund,

Class

X,

0.01%

(b)

32,196‌

32,196‌

Total

Money

Market

Funds

(Cost

$32,196)

32,196‌

Total

Investments

—

99.58%

(Cost

$1,432,470)

1,485,812‌

Other

Assets

in

Excess

of

Liabilities — 0.42%

6,339‌

NET

ASSETS

—

100.00%

$

1,492,151‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

October

31,

2021.