Valued Advisers Trust NPORT-P MDP Low Volatility Fund (Apr 2024 report)

MDP

Low

Volatility

Fund

Schedule

of

Investments

April

30,

2024

-

(Unaudited)

EXCHANGE-TRADED

FUNDS

—

89.53%

Shares

Fair

Value

SPDR®

S&P

500®

ETF

Trust

(a)(b)

1,775

$

891,014‌

Total

Exchange-Traded

Funds

(Cost $732,119)

891,014‌

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

PUT

OPTIONS

PURCHASED

—

2.13%

SPDR

S&P

500

ETF

Trust

(c)

16‌

$

803,168

$

507.00

July

2024

$

21,200‌

Total

Options

Purchased

(Cost

$18,656)

21,200‌

MONEY

MARKET

FUNDS

-

0.83%

Shares

Federated

Hermes

Government

Obligations

Fund

-

Institutional

Class,

5.18%

(d)

8,219

$

8,219‌

Total

Money

Market

Funds

(Cost

$8,219)

8,219‌

Total

Investments

—

92.59%

(Cost

$760,033)

921,472‌

Other

Assets

in

Excess

of

Liabilities — 7.41%

73,757‌

NET

ASSETS

—

100.00%

$

995,229‌

(a)

All

or

a

portion

of

the

security

is

held

as

collateral

for

written

options.

As

of

April

30,

2024,

the

fair

value

of

collateral

held

is

$510,199.

(b)

Represents

an

investment

greater

than

25%

of

the

Fund's

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

April

30,

2024,

the

percentage

of

net

assets

invested

in

SPDR®

S&P

500®

ETF

was

89.53%

of

the

Fund.

The

financial

statements

and

portfolio

holdings

for

these

securities

can

be

found

at

www.sec.gov.

(c)

Non-income

producing

security.

(d)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

April

30,

2024.

ETF

-

Exchange-Traded

Fund

SPDR

-

Standard

&

Poor's

Depositary

Receipt

MDP

Low

Volatility

Fund

Schedule

of

Open

Written

Options

Contracts

April

30,

2024

-

(Unaudited)

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Fair

Value

WRITTEN

CALL

OPTIONS

—

(0.27)%

SPDR

S&P

500

ETF

(a)

(16)

$

(803,168‌)

$

530.00‌

June

2024

$

(2,720‌)

WRITTEN

PUT

OPTIONS

—

(0.58)%

SPDR

S&P

500

ETF

Trust

(a)

(16)

(803,168‌)

480.00‌

June

2024

(5,752‌)

Total

Written

Options

(Premiums

Received

$8,339)

$

(8,472‌)

(a)

Non-income

producing

security.