Valued Advisers Trust

0001193125-14-132793.txt : 20140407 0001193125-14-132793.hdr.sgml : 20140407 20140407093143 ACCESSION NUMBER: 0001193125-14-132793 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20140407 DATE AS OF CHANGE: 20140407 EFFECTIVENESS DATE: 20140407 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VALUED ADVISERS TRUST CENTRAL INDEX KEY: 0001437249 IRS NUMBER: 262762915 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-151672 FILM NUMBER: 14747505 BUSINESS ADDRESS: STREET 1: 2960 N MERIDIAN STREET STE 300 CITY: INDIANAPOLIS STATE: IN ZIP: 46208 BUSINESS PHONE: 317-917-7000 MAIL ADDRESS: STREET 1: 2960 N MERIDIAN STREET STE 300 CITY: INDIANAPOLIS STATE: IN ZIP: 46208

0001437249 S000031543 Angel Oak Multi-Strategy Income Fund

C000098161 Angel Oak Multi-Strategy Income Fund - Class A ANGLX

C000109360 Angel Oak Multi-Strategy Income Fund -- Class C ANGCX

C000117833 Angel Oak Multi-Strategy Income Fund - Institutional Class ANGIX

497 1 d691074d497.htm VALUED ADVISERS TRUST Valued Advisers Trust

Huntington Asset Services, Inc.

2960 N. Meridian St., Suite 300

Indianapolis, IN 46208

April 7, 2014

EDGAR CORRESPONDENCE

Securities & Exchange Commission

Division of Investment Management

450 5^th Street, NW

Washington, DC 20549

Re: Valued Advisers Trust (“Registrant”), SEC File No. 333-151672

Ladies and Gentlemen:

On behalf of the Registrant, attached herewith for filing pursuant to paragraph (e) of Rule 497 under the Securities Act of 1933, as amended (the “1933 Act”), please find exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in a supplement, dated March 18, 2014, to the Prospectus for the Angel Oak Multi-Strategy Income Fund. This filing incorporates by reference the Registrant’s Rule 497 filing of March 18, 2014 (Accession No. 0001193125-14-103622).

If you have any questions or would like further information, please contact me at (317) 917-7029.

Sincerely,

/s/ Carol J. Highsmith

Carol J. Highsmith

Vice President

EX-101.INS 2 vat-20140318.xml XBRL INSTANCE DOCUMENT 0001437249 2012-05-31 2013-05-30 0001437249 vat:S000031543Member 2012-05-31 2013-05-30 2013-05-30 Other 2012-01-31 VALUED ADVISERS TRUST 0001437249 false 2014-03-18 2014-03-18 <div>Valued Advisers Trust Angel Oak Multi-Strategy Income Fund Supplement to the Prospectus dated May 30, 2013 (as may be supplemented from time to time) Supplement dated March 18, 2014 At a meeting of the Board of Trustees (the "Board") of the Valued Advisers Trust held on March 11-12, 2014, the Board approved a revision to the principal investment strategies and risks of the Angel Oak Multi-Strategy Income Fund (the "Fund"). Accordingly, effective May 30, 2014, the Fund may engage in short sales of exchange-traded funds ("ETFs") as part of its principal investment strategies. Risks associated with engaging in short sales include the following: Short Sales Risk. The Fund may make short sales of exchange-traded funds ("ETFs"), which involves selling an ETF it does not own in anticipation that the price of the ETF will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy the ETF sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. * * * * * * </div> <div>Valued Advisers Trust Angel Oak Multi-Strategy Income Fund Supplement to the Prospectus dated May 30, 2013 (as may be supplemented from time to time) Supplement dated March 18, 2014 At a meeting of the Board of Trustees (the "Board") of the Valued Advisers Trust held on March 11-12, 2014, the Board approved a revision to the principal investment strategies and risks of the Angel Oak Multi-Strategy Income Fund (the "Fund"). Accordingly, effective May 30, 2014, the Fund may engage in short sales of exchange-traded funds ("ETFs") as part of its principal investment strategies. Risks associated with engaging in short sales include the following: Short Sales Risk. The Fund may make short sales of exchange-traded funds ("ETFs"), which involves selling an ETF it does not own in anticipation that the price of the ETF will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy the ETF sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. * * * * * * </div> EX-101.SCH 3 vat-20140318.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000010 - Document - Risk/Return Supplement {Unlabeled} - Angel Oak Multi-Strategy Income Fund link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - Angel Oak Multi-Strategy Income Fund link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees {- Angel Oak Multi-Strategy Income Fund} link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {- Angel Oak Multi-Strategy Income Fund} link:calculationLink link:presentationLink link:definitionLink 000014 - Schedule - Expense Example {Transposed} {- Angel Oak Multi-Strategy Income Fund} link:presentationLink link:calculationLink link:definitionLink 000015 - Schedule - Expense Example, No Redemption {Transposed} {- Angel Oak Multi-Strategy Income Fund} link:presentationLink link:calculationLink link:definitionLink 000016 - Schedule - Annual Total Returns - Angel Oak Multi-Strategy Income Fund [BarChart] link:presentationLink link:calculationLink link:definitionLink 000017 - Schedule - Average Annual Total Returns {Transposed} {- Angel Oak Multi-Strategy Income Fund} link:presentationLink link:calculationLink link:definitionLink 000018 - Document - Risk/Return Detail {Unlabeled} - Angel Oak Multi-Strategy Income Fund link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - Angel Oak Multi-Strategy Income Fund link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 vat-20140318_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 vat-20140318_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 vat-20140318_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Prospectus: Risk/Return: Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Supplement Textblock. 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Valued Advisers Trust Angel Oak Multi-Strategy Income Fund Supplement to the Prospectus dated May 30, 2013 (as may be supplemented from time to time) Supplement dated March 18, 2014 At a meeting of the Board of Trustees (the "Board") of the Valued Advisers Trust held on March 11-12, 2014, the Board approved a revision to the principal investment strategies and risks of the Angel Oak Multi-Strategy Income Fund (the "Fund"). Accordingly, effective May 30, 2014, the Fund may engage in short sales of exchange-traded funds ("ETFs") as part of its principal investment strategies. Risks associated with engaging in short sales include the following: Short Sales Risk. The Fund may make short sales of exchange-traded funds ("ETFs"), which involves selling an ETF it does not own in anticipation that the price of the ETF will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy the ETF sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. * * * * * *

Valued Advisers Trust

Angel Oak Multi-Strategy Income Fund

Supplement to the Prospectus dated May 30, 2013

(as may be supplemented from time to time)

Supplement dated March 18, 2014

At a meeting of the Board of Trustees (the "Board") of the Valued Advisers Trust held on March 11-12, 2014, the Board approved a revision to the principal investment strategies and risks of the Angel Oak Multi-Strategy Income Fund (the "Fund"). Accordingly, effective May 30, 2014, the Fund may engage in short sales of exchange-traded funds ("ETFs") as part of its principal investment strategies. Risks associated with engaging in short sales include the following:

Short Sales Risk. The Fund may make short sales of exchange-traded funds ("ETFs"), which involves selling an ETF it does not own in anticipation that the price of the ETF will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy the ETF sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund.

* * * * * *

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Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Registrant Name	dei_EntityRegistrantName	VALUED ADVISERS TRUST
Prospectus Date	rr_ProspectusDate	May 30, 2013
Supplement [Text Block]	vat_SupplementTextBlock	Valued Advisers Trust Angel Oak Multi-Strategy Income Fund Supplement to the Prospectus dated May 30, 2013 (as may be supplemented from time to time) Supplement dated March 18, 2014 At a meeting of the Board of Trustees (the "Board") of the Valued Advisers Trust held on March 11-12, 2014, the Board approved a revision to the principal investment strategies and risks of the Angel Oak Multi-Strategy Income Fund (the "Fund"). Accordingly, effective May 30, 2014, the Fund may engage in short sales of exchange-traded funds ("ETFs") as part of its principal investment strategies. Risks associated with engaging in short sales include the following: Short Sales Risk. The Fund may make short sales of exchange-traded funds ("ETFs"), which involves selling an ETF it does not own in anticipation that the price of the ETF will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy the ETF sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. * * * * * *
Angel Oak Multi-Strategy Income Fund
Risk/Return:	rr_RiskReturnAbstract
Supplement [Text Block]	vat_SupplementTextBlock	Valued Advisers Trust Angel Oak Multi-Strategy Income Fund Supplement to the Prospectus dated May 30, 2013 (as may be supplemented from time to time) Supplement dated March 18, 2014 At a meeting of the Board of Trustees (the "Board") of the Valued Advisers Trust held on March 11-12, 2014, the Board approved a revision to the principal investment strategies and risks of the Angel Oak Multi-Strategy Income Fund (the "Fund"). Accordingly, effective May 30, 2014, the Fund may engage in short sales of exchange-traded funds ("ETFs") as part of its principal investment strategies. Risks associated with engaging in short sales include the following: Short Sales Risk. The Fund may make short sales of exchange-traded funds ("ETFs"), which involves selling an ETF it does not own in anticipation that the price of the ETF will decline. Short sales may involve substantial risk and leverage. Short sales expose the Fund to the risk that it will be required to buy the ETF sold short (also known as "covering" the short position) at a time when the security has appreciated in value, thus resulting in a loss to the Fund. * * * * * *

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Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	Other
Document Period End Date	dei_DocumentPeriodEndDate	Jan. 31, 2012
Registrant Name	dei_EntityRegistrantName	VALUED ADVISERS TRUST
Central Index Key	dei_EntityCentralIndexKey	0001437249
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Mar. 18, 2014
Document Effective Date	dei_DocumentEffectiveDate	Mar. 18, 2014
Prospectus Date	rr_ProspectusDate	May 30, 2013