0001437249 2016-02-29 2016-02-29 0001437249 vat:S000039469Member 2016-02-29 2016-02-29 2016-02-29 Other 2015-10-31 VALUED ADVISERS TRUST 0001437249 false 2016-06-09 2016-06-09 <center>Valued Advisers Trust BRC Large Cap Focus Equity Fund Institutional Class Shares (BRCIX) Advisor Class Shares (BRCFX) Supplement dated June 9, 2016 To the Funds Prospectus dated February 29, 2016 </center>Investment Strategy The Board of Trustees approved a request by BRC Investment Management, LLC, the investment adviser to the BRC Large Cap Focus Equity Fund (the Fund), to modify the Funds principal investment strategies by expanding the number of stocks the Fund will normally hold. Effective immediately, the Funds prospectus is hereby revised as follows: The fifth paragraph under the heading FUND SUMMARY BRC LARGE CAP FOCUS EQUITY FUND Principal Investment Strategies and the fifth paragraph under the heading ADDITIONAL INFORMATION ABOUT THE FUNDS PRINCIPAL INVESTMENT STRATEGIES AND RELATED RISKS BRC LARGE CAP FOCUS EQUITY FUND Principal Investment Strategies are each deleted in their entirety and replaced with the following: The Fund will normally hold a core position of between 30 and 60 common stocks. The number of securities held by the Fund may occasionally exceed this range at times, such as when the portfolio managers are accumulating new positions, phasing out and replacing existing positions, or responding to exceptional market conditions. The Fund may engage in active trading to carry out its investment strategy. <center>Valued Advisers Trust BRC Large Cap Focus Equity Fund Institutional Class Shares (BRCIX) Advisor Class Shares (BRCFX) Supplement dated June 9, 2016 To the Funds Prospectus dated February 29, 2016 </center>Investment Strategy The Board of Trustees approved a request by BRC Investment Management, LLC, the investment adviser to the BRC Large Cap Focus Equity Fund (the Fund), to modify the Funds principal investment strategies by expanding the number of stocks the Fund will normally hold. Effective immediately, the Funds prospectus is hereby revised as follows: The fifth paragraph under the heading FUND SUMMARY BRC LARGE CAP FOCUS EQUITY FUND Principal Investment Strategies and the fifth paragraph under the heading ADDITIONAL INFORMATION ABOUT THE FUNDS PRINCIPAL INVESTMENT STRATEGIES AND RELATED RISKS BRC LARGE CAP FOCUS EQUITY FUND Principal Investment Strategies are each deleted in their entirety and replaced with the following: The Fund will normally hold a core position of between 30 and 60 common stocks. The number of securities held by the Fund may occasionally exceed this range at times, such as when the portfolio managers are accumulating new positions, phasing out and replacing existing positions, or responding to exceptional market conditions. The Fund may engage in active trading to carry out its investment strategy.