# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-002511
**Filing Date:** 2025-10
**Character Count:** 9946
**Document Hash:** 036755ac8adda68533deb67311e4cd53
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002511.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002511

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20251130

**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:** 251426479

**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

### Q3 All-Season Active Rotation ETF (Series ID: S000077993)

| Class ID   | Class Name                        | Ticker Symbol   |
|:---|:---|:---|
| C000238715 | Q3 All-Season Active Rotation ETF | QVOY            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Q3 ALL-SEASON ACTIVE ROTATION ETF** | **Q3 ALL-SEASON ACTIVE ROTATION ETF** | **Q3 ALL-SEASON ACTIVE ROTATION ETF** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 100.1%** | **Shares** | **Value** |
| **Commodity - 24.3%** |  |  |
| abrdn Physical Platinum Shares ETF <sup>(a)</sup> | &nbsp;&nbsp;19925 | &nbsp;&nbsp;$2495008 |
| Global X Uranium ETF <sup>(a)</sup> | &nbsp;&nbsp;59275 | &nbsp;&nbsp;2410714 |
| VanEck Gold Miners ETF | &nbsp;&nbsp;93760 | &nbsp;&nbsp;5922819 |
|  |  | &nbsp;&nbsp;10828541 |
| **Equity - 72.3%** |  |  |
| Amplify Transformational Data Sharing ETF | &nbsp;&nbsp;44875 | &nbsp;&nbsp;2670960 |
| Industrial Select Sector SPDR Fund | &nbsp;&nbsp;41800 | &nbsp;&nbsp;6354018 |
| Schwab U.S. Large-Cap Growth ETF | &nbsp;&nbsp;203050 | &nbsp;&nbsp;6197086 |
| SPDR Portfolio S&P 500 ETF | &nbsp;&nbsp;78550 | &nbsp;&nbsp;5961945 |
| SPDR S&P Homebuilders ETF | &nbsp;&nbsp;49740 | &nbsp;&nbsp;5670360 |
| Vanguard FTSE Pacific ETF | &nbsp;&nbsp;62690 | &nbsp;&nbsp;5392594 |
|  |  | &nbsp;&nbsp;32246963 |
| **Fixed Income - 3.5%** |  |  |
| iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;13220 | &nbsp;&nbsp;497469 |
| iShares J.P. Morgan USD Emerging Markets Bond ETF | &nbsp;&nbsp;5910 | &nbsp;&nbsp;556249 |
| Vanguard Intermediate-Term Corporate Bond ETF | &nbsp;&nbsp;5785 | &nbsp;&nbsp;482585 |
|  |  | &nbsp;&nbsp;1536303 |
| **Investments at Value - 100.1%** (Cost $43,833,553) | **Investments at Value - 100.1%** (Cost $43,833,553) | &nbsp;&nbsp;$44611807 |
| **Liabilities in Excess of Other Assets - (0.1%)** | **Liabilities in Excess of Other Assets - (0.1%)** | &nbsp;&nbsp; (27333) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$44584474 |

---

<sup>(a)</sup> Non-income producing security.

## 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:** Q3 ALL SEASON ACTIVE ROTATION ETF

- **b. EDGAR series identifier (if any):** S000077993

- **c. LEI of Series:** 549300O4LWJNM0LBVU10

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

- **a. Date of fiscal year-end:** 2025-11-30

- **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:** $44644649.75

**Total Liabilities:** $60175.26

**Net Assets:** $44584474.49

**Cash Not Reported:** $13122.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238715 | 4.78%                | 1.14%                | 1.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $799466.48               | $1202785.16                                |
| Month 2  | $1108447.65              | $-561761.65                                |
| Month 3  | $2550668.39              | $-1834638.15                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| abrdn Platinum ETF Trust                  | abrdn Platinum ETF Trust                                  | CUSIP: 003260106<br>LEI: N/A                  | Long             | EC               | RF                | US        |     19925 | NS      | $2495008.50   | 5.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                 | Vanguard Intermediate-Term Corporate Bond ETF             | CUSIP: 92206C870<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |      5785 | NS      | $482584.70    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                         | SPDR Portfolio S&P 500 ETF USD Class                      | CUSIP: 78464A854<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     78550 | NS      | $5961945.00   | 13.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Schwab Strategic Trust                    | Schwab U.S. Large-Cap Growth ETF USD Class                | CUSIP: 808524300<br>LEI: 549300NAZEQOIX80E226 | Long             | EC               | RF                | US        |    203050 | NS      | $6197086.00   | 13.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Amplify ETF Trust                         | Amplify Transformational Data Sharing ETF USD Class       | CUSIP: 032108607<br>LEI: 5493006EMX6222CPWJ71 | Long             | EC               | RF                | US        |     44875 | NS      | $2670960.00   | 5.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds | Vanguard FTSE Pacific ETF                                 | CUSIP: 922042866<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     62690 | NS      | $5392593.80   | 12.10%            |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                          | VanEck Gold Miners ETF                                    | CUSIP: 92189F106<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |     93760 | NS      | $5922819.20   | 13.28%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares Broad USD High Yield Corporate Bond ETF USD Class | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     13220 | NS      | $497468.60    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares J.P. Morgan USD Emerging Markets Bond ETF         | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      5910 | NS      | $556249.20    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                  | Industrial Select Sector SPDR Fund USD Class              | CUSIP: 81369Y704<br>LEI: 5493008JJKIPMEX3CO91 | Long             | EC               | RF                | US        |     41800 | NS      | $6354018.00   | 14.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                            | Global X Uranium ETF                                      | CUSIP: 37954Y871<br>LEI: 5493003RA4QUTSYF1N15 | Long             | EC               | RF                | US        |     59275 | NS      | $2410714.25   | 5.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                         | SPDR S&P Homebuilders ETF USD Class                       | CUSIP: 78464A888<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     49740 | NS      | $5670360.00   | 12.72%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Q3 All Season Active Rotation ETF

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer