# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-005717
**Filing Date:** 2026-4
**Character Count:** 19880
**Document Hash:** 3101bd3484ee46695e17ddf4110ad98f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005717.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0000910472-26-005717

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 26896763

**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

### EVOLUTIONARY TREE INNOVATORS FUND (Series ID: S000069399)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000221442 | EVOLUTIONARY TREE INNOVATORS FUND I CLASS SHARES | INVNX           |
| C000234765 | EVOLUTIONARY TREE INNOVATORS FUND A CLASS SHARES | INVTX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **EVOLUTIONARY TREE INNOVATORS FUND** | **EVOLUTIONARY TREE INNOVATORS FUND** | **EVOLUTIONARY TREE INNOVATORS FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **COMMON STOCKS - 97.1%** | **Shares** | **Value** |
| **Communications - 20.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Digital Media - 14.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alphabet, Inc. - Class A | &nbsp;&nbsp;5480 | &nbsp;&nbsp;$1708445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc. - Class A | &nbsp;&nbsp;1798 | &nbsp;&nbsp;1165427 |
|  |  | &nbsp;&nbsp;2873872 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Entertainment - 6.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Netflix, Inc. <sup>(a)</sup> | &nbsp;&nbsp;8100 | &nbsp;&nbsp;779544 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roblox Corporation - Class A <sup>(a)</sup> | &nbsp;&nbsp;8465 | &nbsp;&nbsp;581207 |
|  |  | &nbsp;&nbsp;1360751 |
| **Consumer Discretionary - 17.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*E-Commerce - 14.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. <sup>(a)</sup> | &nbsp;&nbsp;7440 | &nbsp;&nbsp;1562400 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre, Inc. <sup>(a)</sup> | &nbsp;&nbsp;228 | &nbsp;&nbsp;400728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sea Ltd. - ADR <sup>(a)</sup> | &nbsp;&nbsp;6166 | &nbsp;&nbsp;668703 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;2702 | &nbsp;&nbsp;326213 |
|  |  | &nbsp;&nbsp;2958044 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Leisure & Travel Services - 3.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Viking Holdings Ltd. <sup>(a)</sup> | &nbsp;&nbsp;8650 | &nbsp;&nbsp;674873 |
| **Financials - 8.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Financial Services - 8.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Affirm Holdings, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;7882 | &nbsp;&nbsp;370296 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tradeweb Markets, Inc. - Class A | &nbsp;&nbsp;5270 | &nbsp;&nbsp;649554 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc. - Class A | &nbsp;&nbsp;2075 | &nbsp;&nbsp;664291 |
|  |  | &nbsp;&nbsp;1684141 |
| **Health Care - 13.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Biotechnology - 5.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Krystal Biotech, Inc. <sup>(a)</sup> | &nbsp;&nbsp;4025 | &nbsp;&nbsp;1109451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Medical Technology - 5.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | &nbsp;&nbsp;4840 | &nbsp;&nbsp;563134 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PROCEPT BioRobotics Corporation <sup>(a)</sup> | &nbsp;&nbsp;21451 | &nbsp;&nbsp;486723 |
|  |  | &nbsp;&nbsp;1049857 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Pharmaceuticals - 3.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ascendis Pharma A/S - ADR <sup>(a)</sup> | &nbsp;&nbsp;2986 | &nbsp;&nbsp;697231 |

---

---

| | | |
|:---|:---|:---|
| **EVOLUTIONARY TREE INNOVATORS FUND** | **EVOLUTIONARY TREE INNOVATORS FUND** | **EVOLUTIONARY TREE INNOVATORS FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.1% (Continued)** | **Shares** | **Value** |
| **Industrials - 9.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Defense IT & Services - 9.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AeroVironment, Inc. <sup>(a)</sup> | &nbsp;&nbsp;929 | &nbsp;&nbsp;$234340 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Axon Enterprise, Inc. <sup>(a)</sup> | &nbsp;&nbsp;1613 | &nbsp;&nbsp;874891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CACI International, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;1480 | &nbsp;&nbsp;903052 |
|  |  | &nbsp;&nbsp;2012283 |
| **Technology - 27.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Application Software - 5.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cellebrite DI Ltd. <sup>(a)</sup> | &nbsp;&nbsp;59349 | &nbsp;&nbsp;791716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Samsara, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;13510 | &nbsp;&nbsp;390439 |
|  |  | &nbsp;&nbsp;1182155 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Infrastructure Software - 4.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corporation | &nbsp;&nbsp;2585 | &nbsp;&nbsp;1015233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*IT Security - 4.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc. <sup>(a)</sup> | &nbsp;&nbsp;3087 | &nbsp;&nbsp;459716 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rubrik, Inc. - Class A <sup>(a)</sup> | &nbsp;&nbsp;8053 | &nbsp;&nbsp;418434 |
|  |  | &nbsp;&nbsp;878150 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors - 12.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | &nbsp;&nbsp;4260 | &nbsp;&nbsp;1361283 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Micron Technology, Inc. | &nbsp;&nbsp;2725 | &nbsp;&nbsp;1123708 |
|  |  | &nbsp;&nbsp;2484991 |
| **Total Common Stocks** (Cost $17,117,069) | **Total Common Stocks** (Cost $17,117,069) | &nbsp;&nbsp;$19981032 |

---

---

| | | |
|:---|:---|:---|
| **EVOLUTIONARY TREE INNOVATORS FUND** | **EVOLUTIONARY TREE INNOVATORS FUND** | **EVOLUTIONARY TREE INNOVATORS FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 2.1%** | **Shares** | **Value** |
| First American Treasury Obligations Fund - Class X, 3.60% <sup>(b)</sup> (Cost $439,911) | &nbsp;&nbsp;439911 | &nbsp;&nbsp;$439911 |
| **Investments at Value - 99.2%** (Cost $17,556,980) | **Investments at Value - 99.2%** (Cost $17,556,980) | &nbsp;&nbsp;$20420943 |
| **Other Assets in Excess of Liabilities - 0.8%** | **Other Assets in Excess of Liabilities - 0.8%** | &nbsp;&nbsp;156519 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$20577462 |

---

A/S - Aktieselskab <br> ADR - American Depositary Receipt <br>

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> The rate shown is the 7-day effective yield as of February 28, 2026.

## 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:** EVOLUTIONARY TREE INNOVATORS FUND

- **b. EDGAR series identifier (if any):** S000069399

- **c. LEI of Series:** 54930029KRF0J15JFC83

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $21367946.62

**Total Liabilities:** $790484.14

**Net Assets:** $20577462.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221442 | -0.78%               | -3.87%               | -5.80%               |
| Class ID C000234765 | -0.78%               | -3.91%               | -5.81%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $493031.67               | $-668298.78                                |
| Month 2  | $534760.45               | $-1411134.08                               |
| Month 3  | $676619.97               | $-1938474.31                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Rubrik Inc.               | Rubrik, Inc.                                     | CUSIP: 781154109<br>LEI: 254900TRGK2WTBYMYU27 | Long             | EC               | CORP              | US        |      8053 | NS      | $418433.88    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Roblox Corporation        | ROBLOX Corporation                               | CUSIP: 771049103<br>LEI: 529900ANZDBDFU91SO19 | Long             | EC               | CORP              | US        |      8465 | NS      | $581206.90    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsara Inc               | Samsara, Inc.                                    | CUSIP: 79589L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13510 | NS      | $390439.00    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc       | Krystal Biotech, Inc.                            | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |      4025 | NS      | $1109451.00   | 5.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc        | Meta Platforms, Inc. Class A                     | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      1798 | NS      | $1165427.64   | 5.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc               | Shopify, Inc. CLASS A                            | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | CA        |      2702 | NS      | $326212.46    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                  | Visa, Inc. Class A                               | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      2075 | NS      | $664290.50    | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Sea Ltd.                  | Sea Ltd.                                         | CUSIP: 81141R100<br>LEI: 529900OM6JLLW44YKI15 | Long             | EC               | CORP              | SG        |      6166 | NS      | $668702.70    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| AeroVironment, Inc.       | AeroVironment, Inc.                              | CUSIP: 008073108<br>LEI: 529900PGHVI29YLZ6221 | Long             | EC               | CORP              | US        |       929 | NS      | $234340.25    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Axon Enterprise Inc       | Axon Enterprise, Inc.                            | CUSIP: 05464C101<br>LEI: 549300QP2IEEGFE16681 | Long             | EC               | CORP              | US        |      1613 | NS      | $874891.20    | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc              | Broadcom, Inc.                                   | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      4260 | NS      | $1361283.00   | 6.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Holdings Ltd.      | Viking Holdings Ltd.                             | CUSIP: G93A5A101<br>LEI: N/A                  | Long             | EC               | CORP              | BM        |      8650 | NS      | $674873.00    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.    | Micron Technology, Inc.                          | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |      2725 | NS      | $1123708.25   | 5.46%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc. | First American Treasury Obligations Fund Class X | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    439911 | PA      | $439911.40    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com, Inc.          | Amazon.com, Inc.                                 | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |      7440 | NS      | $1562400.00   | 7.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Cellebrite Di Ltd         | Cellebrite DI Ltd.                               | CUSIP: M2197Q107<br>LEI: 254900G03462YGP1IO36 | Long             | EC               | CORP              | IL        |     59349 | NS      | $791715.66    | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc    | Palo Alto Networks, Inc.                         | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |      3087 | NS      | $459716.04    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc          | MercadoLibre, Inc.                               | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | UY        |       228 | NS      | $400728.24    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Netflix, Inc.             | Netflix, Inc.                                    | CUSIP: 64110L106<br>LEI: 549300Y7VHGU0I7CE873 | Long             | EC               | CORP              | US        |      8100 | NS      | $779544.00    | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories       | Abbott Laboratories                              | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      4840 | NS      | $563134.00    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Affirm Holdings Inc       | Affirm Holdings, Inc.                            | CUSIP: 00827B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7882 | NS      | $370296.36    | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Procept Biorobotics Corp. | PROCEPT BioRobotics Corporation                  | CUSIP: 74276L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21451 | NS      | $486723.19    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Tradeweb Markets Inc      | Tradeweb Markets, Inc.                           | CUSIP: 892672106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5270 | NS      | $649553.85    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc.             | Alphabet, Inc. Class A                           | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |      5480 | NS      | $1708444.80   | 8.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc.   | CACI International, Inc.                         | CUSIP: 127190304<br>LEI: SYRPI2D1O9WRTS2WX210 | Long             | EC               | CORP              | US        |      1480 | NS      | $903051.60    | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascendis Pharma A/S       | Ascendis Pharma A/S                              | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |      2986 | NS      | $697231.00    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.           | Microsoft Corporation                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2585 | NS      | $1015232.90   | 4.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-28

**Name of Applicant:** Evolutionary Tree Innovators Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Treasurer