# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-23-023454
**Filing Date:** 2023-2
**Character Count:** 15456
**Document Hash:** 8e000d546c746c2b3d8bf728b152399f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-023454.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001752724-23-023454

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160
- **IRS NUMBER:** 316456713
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07148
- **FILM NUMBER:** 23627053

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Schwartz Value Focused Fund (Series ID: S000001548)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000004202 | Schwartz Value Focused Fund | RCMFX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Schwartz Investment Trust

- **b. Investment Company Act file number:** 811-07148

- **c. CIK number of Registrant:** 0000891160

- **d. LEI of Registrant:** 549300TMUIREL25T6R98

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

  - **Street Address 1:** 801 West Ann Arbor Trail

  - **City:** Plymouth

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48170

  - **Telephone number:** 248-644-8500

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

- **a. Name of Series:** SCHWARTZ VALUE FOCUSED FUND

- **b. EDGAR series identifier (if any):** S000001548

- **c. LEI of Series:** 549300S5P0KT72V4JU39

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $51903773.62

**Total Liabilities:** $131199.95

**Net Assets:** $51772573.67

**Cash Not Reported:** $1825.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004202 | 16.12%               | 8.25%                | -4.29%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-568443.93              | $6132081.01                                |
| Month 2  | $-1.72                   | $3723845.76                                |
| Month 3  | $0.00                    | $-2360999.63                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CME Group Inc.                    | CME Group, Inc.                                                        | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     12400 | NS      | $2085184.00   | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| St. Joe Co.                       | St. Joe Company (The)                                                  | CUSIP: 790148100<br>LEI: 529900XVHOT3BF8PWG49 | Long             | EC               | CORP              | US        |     47600 | NS      | $1839740.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Masco Corporation                 | Masco Corporation                                                      | CUSIP: 574599106<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | EC               | CORP              | US        |     27900 | NS      | $1302093.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Garmin Ltd                        | Garmin Ltd.                                                            | CUSIP: H2906T109<br>LEI: 2549001E0HIPIJQ0W046 | Long             | EC               | CORP              | US        |      2500 | NS      | $230725.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                     | Valvoline, Inc.                                                        | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     25000 | NS      | $816250.00    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Purple Innovation, Inc.           | Purple Innovation Incorporated                                         | CUSIP: 74640Y106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175000 | NS      | $838250.00    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                     | A.O. Smith Corporation                                                 | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |     10600 | NS      | $606744.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                | RH                                                                     | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |      9000 | NS      | $2404710.00   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                         | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   2480746 | PA      | $2480746.03   | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Yeti Holdings Inc                 | Yeti Holdings, Inc.                                                    | CUSIP: 98585X104<br>LEI: 549300DSQICIGNT5GO63 | Long             | EC               | CORP              | US        |     20000 | NS      | $826200.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Company            | U-HAUL HOLDING CO B                                                    | CUSIP: 023586506<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      9000 | NS      | $494820.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                         | FEDERATED U.S. TREASURY CASH RESERVES FUND INSTITUTIONAL SHARES        | CUSIP: 60934N682<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   2442705 | PA      | $2442704.60   | 4.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Markel Corporation                | Markel Corporation                                                     | CUSIP: 570535104<br>LEI: 549300SCNO12JLWIK605 | Long             | EC               | CORP              | US        |       500 | NS      | $658745.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation          | Devon Energy Corporation                                               | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |     20000 | NS      | $1230200.00   | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.           | Berkshire Hathaway, Inc. Class A                                       | CUSIP: 084670108<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |         2 | NS      | $937422.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Franco Nevada Corp                | FRANCO-NEVADA CORPORATION                                              | CUSIP: 351858105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     17390 | NS      | $2373387.20   | 4.58%             |  |  |  | No            |                  1 | On Loan: No      |
| U-Haul Holding Company            | U-HAUL HOLDING CO                                                      | CUSIP: 023586100<br>LEI: 5493003WIDMLDHYC6Y24 | Long             | EC               | CORP              | US        |      1000 | NS      | $60190.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.         | Pan American Silver Corporation                                        | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     45500 | NS      | $743470.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger Limited              | Schlumberger Ltd.                                                      | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | US        |     29800 | NS      | $1593108.00   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation    | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |      5500 | NS      | $12893265.00  | 24.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company | Pioneer Natural Resources Company                                      | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |      6000 | NS      | $1370340.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentex Corp                       | Gentex Corporation                                                     | CUSIP: 371901109<br>LEI: 549300S3UD8XV1MN0287 | Long             | EC               | CORP              | US        |     28800 | NS      | $785376.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation               | Chevron Corporation                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12169 | NS      | $2184213.81   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated           | Mastercard, Inc. Class A                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1500 | NS      | $521595.00    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Bioservices Inc              | Avid Bioservices, Inc.                                                 | CUSIP: 05368M106<br>LEI: 549300GRUS3ZMGP8MX22 | Long             | EC               | CORP              | US        |      5000 | NS      | $68850.00     | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco                           | Invesco Short-Term Investments Trust Treasury Portfolio                | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |    899682 | PA      | $899682.22    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Madison Square Garden Sports Corp | Madison Square Garden Sports Class A                                   | CUSIP: 55825T103<br>LEI: 529900BQELIZ5ZQYB788 | Long             | EC               | CORP              | US        |      6400 | NS      | $1173312.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp                       | Moody's Corporation                                                    | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      1500 | NS      | $417930.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corporation          | Barrick Gold Corporation                                               | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     35300 | NS      | $606454.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vontier Corporation               | Vontier Corporation                                                    | CUSIP: 928881101<br>LEI: 549300VVSQLG4P5K4639 | Long             | EC               | CORP              | US        |     84900 | NS      | $1641117.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                         | Federated Treasury Obligations Fund Institutional Shares               | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   2480746 | PA      | $2480746.03   | 4.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc     | Intercontinental Exchange, Inc.                                        | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |     24400 | NS      | $2503196.00   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Ardagh Metal Packaging S A        | Ardagh Metal Packaging S.A. Class A                                    | CUSIP: L02235106<br>LEI: 5493009WKQTU4FN9G032 | Long             | EC               | CORP              | LU        |     50000 | NS      | $240500.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** Schwartz Value Focused Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** VP, Fund Accounting