Valued Advisers Trust NPORT-P Bradley Foster & Sargent Equity Fund (Feb 2022 report)

BFS

Equity

Fund

Schedule

of

Investments

February

28,

2022

-

(Unaudited)

COMMON

STOCKS

—

88.52%

Shares

Fair

Value

Aerospace

&

Defense

—

5.95%

Northrop

Grumman

Corp.

2,000‌

$

884,280‌

Raytheon

Technologies

Corp.

20,000‌

2,054,000‌

2,938,280‌

Banking

—

2.15%

JPMorgan

Chase

&

Co.

7,500‌

1,063,500‌

Beverages

—

1.33%

PepsiCo,

Inc.

4,000‌

654,960‌

Biotech

&

Pharmaceuticals

—

1.18%

Zoetis,

Inc.

3,000‌

580,950‌

Cable

&

Satellite

—

0.47%

Comcast

Corp.,

Class

A

5,000‌

233,800‌

Chemicals

—

4.00%

Ecolab,

Inc.

4,500‌

793,170‌

Sherwin-Williams

Co.

(The)

4,500‌

1,184,085‌

1,977,255‌

E-Commerce

Discretionary

—

4.35%

Amazon.com,

Inc.

(a)

700‌

2,149,882‌

Electrical

Equipment

—

2.59%

Johnson

Controls

International

PLC

10,000‌

649,600‌

Keysight

Technologies,

Inc.

(a)

4,000‌

629,480‌

1,279,080‌

Entertainment

Content

—

1.20%

Walt

Disney

Co.

(The)

(a)

4,000‌

593,840‌

Health

Care

Facilities

&

Services

—

6.64%

IQVIA

Holdings,

Inc.

(a)

6,000‌

1,380,720‌

UnitedHealth

Group,

Inc.

4,000‌

1,903,480‌

3,284,200‌

Home

Construction

—

2.16%

D.R.

Horton,

Inc.

12,500‌

1,067,500‌

Institutional

Financial

Services

—

1.66%

Goldman

Sachs

Group,

Inc.

(The)

2,400‌

819,096‌

Insurance

—

2.56%

Berkshire

Hathaway,

Inc.,

Class

B

(a)

1,500‌

482,175‌

Marsh

&

McLennan

Cos.,

Inc.

5,000‌

777,050‌

1,259,225‌

Internet

Media

&

Services

—

7.18%

Alphabet,

Inc.,

Class

A

(a)

1,000‌

2,701,140‌

Meta

Platforms,

Inc.,

Class

A

(a)

4,000‌

844,120‌

3,545,260‌

Medical

Equipment

&

Devices

—

6.31%

Danaher

Corp.

4,000‌

1,097,640‌

Stryker

Corp.

2,500‌

658,375‌

Thermo

Fisher

Scientific,

Inc.

2,500‌

1,360,000‌

3,116,015‌

BFS

Equity

Fund

Schedule

of

Investments

(continued)

February

28,

2022

-

(Unaudited)

COMMON

STOCKS

—

88.52%

-

continued

Shares

Fair

Value

Oil

&

Gas

Producers

—

6.01%

ConocoPhillips

25,000‌

$

2,371,500‌

Devon

Energy

Corp.

10,000‌

595,500‌

2,967,000‌

Retail

-

Consumer

Staples

—

2.62%

Costco

Wholesale

Corp.

2,500‌

1,298,125‌

Retail

-

Discretionary

—

5.90%

Academy

Sports

&

Outdoors,

Inc.

(a)

10,000‌

323,700‌

Home

Depot,

Inc.

(The)

4,000‌

1,263,320‌

Lowe's

Cos.,

Inc.

6,000‌

1,326,360‌

2,913,380‌

Semiconductors

—

3.48%

QUALCOMM,

Inc.

10,000‌

1,719,900‌

Software

—

10.46%

Adobe,

Inc.

(a)

2,000‌

935,360‌

Fortinet,

Inc.

(a)

2,500‌

861,300‌

Microsoft

Corp.

9,000‌

2,689,110‌

SS&C

Technologies

Holdings,

Inc.

9,000‌

674,730‌

5,160,500‌

Specialty

Finance

—

0.98%

American

Express

Co.

2,500‌

486,350‌

Technology

Hardware

—

5.01%

Apple,

Inc.

15,000‌

2,476,800‌

Technology

Services

—

3.43%

Automatic

Data

Processing,

Inc.

3,000‌

613,320‌

MasterCard,

Inc.,

Class

A

3,000‌

1,082,460‌

1,695,780‌

Transportation

&

Logistics

—

0.90%

FedEx

Corp.

2,000‌

444,540‌

Total

Common

Stocks

(Cost $25,009,902)

43,725,218‌

MONEY

MARKET

FUNDS

-

11.53%

Fidelity

Investments

Money

Market

Government

Portfolio,

Institutional

Class,

0.01%

(b)

5,693,457‌

5,693,457‌

Total

Money

Market

Funds

(Cost

$5,693,457)

5,693,457‌

Total

Investments

—

100.05%

    (Cost

$30,703,359)

49,418,675‌

Liabilities

in

Excess

of

Other

Assets — (0.05)%

(24,010‌)

NET

ASSETS

—

100.00%

$

49,394,665‌

(a)

Non-income

producing

security.

(b)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

February

28,

2022.