# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-23-009051
**Filing Date:** 2023-1
**Character Count:** 15182
**Document Hash:** 33a0c39e0c8c0c2cdc543404e7cb9a91
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009051.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-009051

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 23544164

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE
- **STREET 2:** SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Lyrical U.S. Value Equity Fund (Series ID: S000039711)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000123053 | Institutional Class | LYRIX           |
| C000138389 | Investor Class      | LYRBX           |
| C000236985 | C Class             | LYRCX           |
| C000236986 | A Class             | LRYAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Ultimus Managers Trust

- **b. Investment Company Act file number:** 811-22680

- **c. CIK number of Registrant:** 0001545440

- **d. LEI of Registrant:** 549300FU214TAR7BFY91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** LYRICAL U.S. VALUE EQUITY FUND

- **b. EDGAR series identifier (if any):** S000039711

- **c. LEI of Series:** 549300TMI4O41KM0XV37

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $699101907.45

**Total Liabilities:** $36021676.79

**Net Assets:** $663080230.66

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000236986 | -16.52%              | 5.11%                | -0.13%               |
| Class ID C000123053 | -11.37%              | 11.53%               | 5.98%                |
| Class ID C000138389 | -11.40%              | 11.51%               | 5.98%                |
| Class ID C000236985 | -12.37%              | 10.50%               | 4.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $344753.86               | $-74891489.32                              |
| Month 2  | $-404267.68              | $67104060.18                               |
| Month 3  | $-9647458.25             | $47715947.47                               |

### Schedule of Portfolio Investments

| Name                            | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Berry Global Group Inc          | Berry Global Group, Inc.                                | CUSIP: 08579W103<br>LEI: 549300G6KKUMMXM8NH73 | Long             | EC               | CORP              | US        |    292687 | NS      | $17151458.20  | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc             | Global Payments, Inc.                                   | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Long             | EC               | CORP              | US        |    260465 | NS      | $27031057.70  | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Lease Corporation           | Air Lease Corporation                                   | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |    250018 | NS      | $9655695.16   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corporation           | Whirlpool Corporation                                   | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Long             | EC               | CORP              | US        |    130392 | NS      | $19106339.76  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Celanese Corporation            | Celanese Corporation                                    | CUSIP: 150870103<br>LEI: 549300FHJQTDPPN41627 | Long             | EC               | CORP              | US        |    203519 | NS      | $21837588.70  | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Affiliated Managers Group, Inc. | Affiliated Managers Group, Inc.                         | CUSIP: 008252108<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | EC               | CORP              | US        |     99237 | NS      | $15919599.54  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Gen Digital Inc                 | Gen Digital, Inc.                                       | CUSIP: 668771108<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | EC               | CORP              | US        |   1131413 | NS      | $25977242.48  | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                    | Broadcom, Inc.                                          | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     61056 | NS      | $33643687.68  | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Bread Financial Holdings Inc    | Bread Financial Holdings, Inc.                          | CUSIP: 018581108<br>LEI: 549300G8S4PO686J7H97 | Long             | EC               | CORP              | US        |    108917 | NS      | $4468864.51   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanesbrands Inc.                | Hanesbrands, Inc.                                       | CUSIP: 410345102<br>LEI: GX5LWVWZLL5S4W1L2F20 | Long             | EC               | CORP              | US        |    748792 | NS      | $5031882.24   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc           | Uber Technologies, Inc.                                 | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    923615 | NS      | $26914141.10  | 4.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Assurant Inc.                   | Assurant, Inc.                                          | CUSIP: 04621X108<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | EC               | CORP              | US        |    122752 | NS      | $15739261.44  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Centene Corporation             | Centene Corporation                                     | CUSIP: 15135B101<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | EC               | CORP              | US        |    385733 | NS      | $33578057.65  | 5.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Digital Corp.           | Western Digital Corporation                             | CUSIP: 958102105<br>LEI: 549300QQXOOYEF89IC56 | Long             | EC               | CORP              | US        |    476129 | NS      | $17497740.75  | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CommScope Holdings Co Inc       | CommScope Holding Company, Inc.                         | CUSIP: 20337X109<br>LEI: 254900AW4CEPCQWSRI58 | Long             | EC               | CORP              | US        |    394179 | NS      | $3500309.52   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Univar Solutions Inc            | Univar, Inc.                                            | CUSIP: 91336L107<br>LEI: 549300VSXHFQVR770L55 | Long             | EC               | CORP              | US        |    382814 | NS      | $12682627.82  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                | NRG Energy, Inc.                                        | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |    494243 | NS      | $20980615.35  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.      | Ameriprise Financial, Inc.                              | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |    106987 | NS      | $35514334.65  | 5.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc.              | Suncor Energy, Inc.                                     | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |   1059680 | NS      | $34831681.60  | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Global PLC              | Liberty Global plc Series C                             | CUSIP: G5480U120<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | US        |    998216 | NS      | $20643106.88  | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| HCA Healthcare Inc              | HCA Healthcare, Inc.                                    | CUSIP: 40412C101<br>LEI: 529900PH4ZGUH2MNEU89 | Long             | EC               | CORP              | US        |    134022 | NS      | $32194764.84  | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corporation               | Cigna Corporation                                       | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    108668 | NS      | $35739818.52  | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| TD Synnex Corp                  | SYNNEX Corporation                                      | CUSIP: 87162W100<br>LEI: 5493004HI6PFLF46NS53 | Long             | EC               | CORP              | US        |    118006 | NS      | $12072013.80  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated      | Lithia Motors, Inc. Class A                             | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |     53248 | NS      | $12742778.88  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Lear Corporation                | Lear Corporation                                        | CUSIP: 521865204<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | EC               | CORP              | US        |    120828 | NS      | $17428230.72  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                       | eBay, Inc.                                              | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |    559061 | NS      | $25403731.84  | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Adient PLC                      | Adient plc                                              | CUSIP: G0084W101<br>LEI: 5493002QLDY8O75RTR78 | Long             | EC               | CORP              | US        |    174140 | NS      | $6781011.60   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.            | AerCap Holdings N.V.                                    | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | US        |    344573 | NS      | $21156782.20  | 3.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco                         | Invesco Short-Term Investments Trust Treasury Portfolio | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   5917996 | PA      | $5917995.93   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corporation    | Lincoln National Corporation                            | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |    406740 | NS      | $15838455.60  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.            | United Rentals, Inc.                                    | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |    121762 | NS      | $42985638.86  | 6.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Arrow Electronics, Inc.         | Arrow Electronics, Inc.                                 | CUSIP: 042735100<br>LEI: 549300YNNLBXT8N8R512 | Long             | EC               | CORP              | US        |    163049 | NS      | $17729948.26  | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Flex Ltd.                       | Flex Ltd.                                               | CUSIP: Y2573F102<br>LEI: 549300EAQH74YHD07T53 | Long             | EC               | CORP              | US        |   1064329 | NS      | $23393951.42  | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-21

**Name of Applicant:** Lyrical U.S. Value Equity Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** Assistant Treasurer