# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-002498
**Filing Date:** 2025-10
**Character Count:** 22659
**Document Hash:** 1b5ca928f442513b5ace48d35c6ca088
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002498.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002498

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20260228

**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:** 251426466

**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

### Nia Impact Solutions Fund (Series ID: S000076123)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000235579 | Nia Impact Solutions Fund | NIAGX           |

## 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:** NIA IMPACT SOLUTIONS FUND

- **b. EDGAR series identifier (if any):** S000076123

- **c. LEI of Series:** 5493004APNB4I0PFX287

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-08-31

**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:** $86649270.63

**Total Liabilities:** $73768.16

**Net Assets:** $86575502.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235579 | 2.71%                | -0.37%               | 1.55%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $434348.78               | $1735603.68                                |
| Month 2  | $0.00                    | $-299674.13                                |
| Month 3  | $346301.59               | $896953.31                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Advanced Micro Devices Inc.                  | Advanced Micro Devices, Inc.                               | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |      8583 | NS      | $1395853.29   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Stantec Inc.                                 | STANTEC, INC.                                              | CUSIP: 85472N109<br>LEI: 549300MZ7NGUZDCP2T16 | Long             | EC               | CORP              | CA        |     26998 | NS      | $2933872.66   | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                                  | Hologic, Inc.                                              | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |     20400 | NS      | $1369248.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                              | First Solar, Inc.                                          | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |     13005 | NS      | $2538445.95   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlassian Corporation                        | Atlassian Corporation Class A                              | CUSIP: 049468101<br>LEI: 549300V7ZY5P02D2MY38 | Long             | EC               | CORP              | AU        |      5121 | NS      | $910411.38    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Stride Inc                                   | Stride, Inc.                                               | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     17171 | NS      | $2802135.49   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Duolingo Inc                                 | DUOLINGO                                                   | CUSIP: 26603R106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3423 | NS      | $1019574.78   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Incorporated          | Vertex Pharmaceuticals, Inc.                               | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |      4915 | NS      | $1921863.30   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Robinhood Markets Inc                        | Robinhood Markets Inc                                      | CUSIP: 770700102<br>LEI: 213800FS5AO3YWIE6F63 | Long             | EC               | CORP              | US        |     19680 | NS      | $2047310.40   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Autodesk Inc                                 | Autodesk, Inc.                                             | CUSIP: 052769106<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | EC               | CORP              | US        |      2760 | NS      | $868572.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| United Natural Foods, Inc.                   | United Natural Foods, Inc.                                 | CUSIP: 911163103<br>LEI: 549300GKGW6WPZ282D40 | Long             | EC               | CORP              | US        |     27995 | NS      | $791698.60    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Spotify Technology S.A.                      | Spotify Technology S.A.                                    | CUSIP: L8681T102<br>LEI: 549300B4X0JHWV0DTD60 | Long             | EC               | CORP              | US        |      1685 | NS      | $1148967.80   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group               | California Water Service Group                             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |     13010 | NS      | $610559.30    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lemonade Inc                                 | Lemonade, Inc.                                             | CUSIP: 52567D107<br>LEI: 5493009BKR06OXXU6853 | Long             | EC               | CORP              | US        |     23915 | NS      | $1265103.50   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker Inc.                              | Nextracker Inc - Class A                                   | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22815 | NS      | $1534536.90   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Iron Mountain Inc.                           | Iron Mountain, Inc.                                        | CUSIP: 46284V101<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | EC               | CORP              | US        |     17870 | NS      | $1649937.10   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| City Developments Ltd.                       | City Developments Ltd. ADR                                 | CUSIP: 177797305<br>LEI: 254900BPLPJS0RJ72373 | Long             | EC               | CORP              | SG        |    202472 | NS      | $1030582.48   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd                                   | Sanlam Ltd. ADR                                            | CUSIP: 80104Q208<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | US        |    158226 | NS      | $1661373.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Renewable Corporation             | Brookfield Renewable Corporation                           | CUSIP: 11285B108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     40447 | NS      | $1363063.90   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                       | SAP AG ADR                                                 | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      8781 | NS      | $2389836.96   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                    | Toast Inc. Class A                                         | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |     24730 | NS      | $1115323.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| The Honest Company Inc                       | Honest Company, Inc. (The)                                 | CUSIP: 438333106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    109851 | NS      | $435009.96    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica, S.A.                             | Telefonica S.A. ADR                                        | CUSIP: 879382208<br>LEI: 549300EEJH4FEPDBBR25 | Long             | EC               | CORP              | ES        |    344932 | NS      | $1845386.20   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Brambles Ltd.                                | Brambles Ltd. ADR                                          | CUSIP: 105105209<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     47090 | NS      | $1598234.60   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Amalgamated Financial Corp.                  | Amalgamated Financial Corporation                          | CUSIP: 022671101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     64550 | NS      | $1864849.50   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| eBay Inc.                                    | eBay, Inc.                                                 | CUSIP: 278642103<br>LEI: OML71K8X303XQONU6T67 | Long             | EC               | CORP              | US        |     22076 | NS      | $2000306.36   | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                 | Fortinet, Inc.                                             | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Long             | EC               | CORP              | US        |     25768 | NS      | $2029745.36   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GeneDx Holdings Corp                         | Genedx Holdings Corp.                                      | CUSIP: 81663L200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10332 | NS      | $1337890.68   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Grocers By Vitamin Cottage Inc.      | Natural Grocers by Vitamin Cottage, Inc.                   | CUSIP: 63888U108<br>LEI: 529900P4OTXDGBUS3O87 | Long             | EC               | CORP              | US        |     27624 | NS      | $1062142.80   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp.        | International Business Machines Corporation                | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |      9812 | NS      | $2389123.88   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                        | Schneider Electric SE ADR                                  | CUSIP: 80687P106<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |     44501 | NS      | $2186667.89   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                              | Microsoft Corporation                                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2220 | NS      | $1124851.80   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Sylvamo Corp.                                | Sylvamo Corporation                                        | CUSIP: 871332102<br>LEI: 5493001AOYU1ZOWOC971 | Long             | EC               | CORP              | US        |     10712 | NS      | $494144.56    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Daiichi Sankyo Co Ltd.                       | Daiichi Sankyo Company Ltd. Sponsored ADR                  | CUSIP: 23381D102<br>LEI: 353800XGIU2IHQGC9504 | Long             | EC               | CORP              | JP        |     33844 | NS      | $808533.16    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc.                                   | Apple, Inc.                                                | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |      7392 | NS      | $1715978.88   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                       | Palo Alto Networks, Inc.                                   | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     13658 | NS      | $2602122.16   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                  | SHOPIFY, INC. CLASS A                                      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Long             | EC               | CORP              | US        |      9171 | NS      | $1295678.88   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| HA Sustainable Infrastructure Capital Inc    | HANNON ARMSTRONG SUSTAINABLE INFRASTRUCTURE CAPITA L, INC. | CUSIP: 41068X100<br>LEI: 254900ZZRL7MWL1X8E92 | Long             | EC               | CORP              | US        |     59339 | NS      | $1675733.36   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems AS                       | Vestas Wind Systems A/S ADR                                | CUSIP: 925458101<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |    288277 | NS      | $1896862.66   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Xylem, Inc.                                  | Xylem, Inc.                                                | CUSIP: 98419M100<br>LEI: 549300DF5MV96DRYLQ48 | Long             | EC               | CORP              | US        |     16813 | NS      | $2380048.28   | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc.                         | Gilead Sciences, Inc.                                      | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     17835 | NS      | $2014819.95   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Fresenius Medical Care AG                    | Fresenius Medical Care AG & Company KGaA ADR               | CUSIP: 358029106<br>LEI: 549300CP8NY40UP89Q40 | Long             | EC               | CORP              | DE        |     44380 | NS      | $1140566.00   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Zillow Group Inc                             | Zillow Group, Inc. Class A                                 | CUSIP: 98954M101<br>LEI: 2549002XEELQDIR6FU05 | Long             | EC               | CORP              | US        |     11351 | NS      | $924879.48    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK plc                                      | GSK plc ADR                                                | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | US        |     38161 | NS      | $1513846.87   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products, Inc.                 | Mueller Water Products, Inc. Series A                      | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |     46530 | NS      | $1226530.80   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd.                                  | BYD CO LTD ADR                                             | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | US        |     84288 | NS      | $1150531.20   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Crane NXT Co                                 | Crane Holdings Co                                          | CUSIP: 224441105<br>LEI: 549300EXNPSXEWUD3N21 | Long             | EC               | CORP              | US        |     14730 | NS      | $879822.90    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| The Vita Coco Company Inc                    | Vita Coco Company, Inc. (The)                              | CUSIP: 92846Q107<br>LEI: 54930020WXOAWHR85Y25 | Long             | EC               | CORP              | US        |     34111 | NS      | $1219127.14   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Taiwan Semiconductor Manufacturing Company Ltd. ADR        | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     13743 | NS      | $3172846.41   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| AECOM                                        | AECOM                                                      | CUSIP: 00766T100<br>LEI: 0EEB8GF0W0NPCIHZX097 | Long             | EC               | CORP              | US        |     17502 | NS      | $2185824.78   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlisle Companies Inc.                      | Carlisle Cos., Inc.                                        | CUSIP: 142339100<br>LEI: XR64VGX1ZPX6G7ZN7Z11 | Long             | EC               | CORP              | US        |      5437 | NS      | $2098083.93   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                            | Wolters Kluwer N.V. ADR                                    | CUSIP: 977874205<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |     11742 | NS      | $1476908.76   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                    | First American Government Obligations Fund Class X         | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   3494520 | PA      | $3494519.82   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cloudflare Inc                               | Cloudflare, Inc. Class A                                   | CUSIP: 18915M107<br>LEI: 5493007DY18BGNLDWU14 | Long             | EC               | CORP              | US        |      4246 | NS      | $886182.66    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Nia Impact Solutions Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer