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      <managementInvestmentQuestion>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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      <managementInvestmentQuestion>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Sound Mind Investing Fund</mgmtInvFundName>
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          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <investmentAdvisers>
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        <isSwingPricing>N</isSwingPricing>
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    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
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    <signature registrantSignedName="Valued Advisers Trust" signedDate="2020-01-09" signature="Carol J. Highsmith" title="Secretary"/>
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</edgarSubmission>
