# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-23-009050
**Filing Date:** 2023-1
**Character Count:** 15642
**Document Hash:** c121cc91b9055c4e64f12953ba13aaa7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009050.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-009050

**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:** 23544163

**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 International Value Equity Fund (Series ID: S000068142)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000218236 | Institutional Class | LYRWX           |
| C000218237 | Investor Class      | LYRNX           |
| C000236987 | C Class             | LYRZX           |
| C000236988 | A Class             | LYRVX           |

## 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 INTERNATIONAL VALUE EQUITY FUND

- **b. EDGAR series identifier (if any):** S000068142

- **c. LEI of Series:** 549300OXKW7B0Q1UMD04

**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:** $2251328.23

**Total Liabilities:** $26758.53

**Net Assets:** $2224569.70

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000218236 | -10.94%              | 8.55%                | 13.15%               |
| Class ID C000218237 | -10.89%              | 8.48%                | 13.12%               |
| Class ID C000236988 | -16.02%              | 2.17%                | 6.69%                |
| Class ID C000236987 | -11.94%              | 7.46%                | 12.09%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $59224.32                | $-287972.35                                |
| Month 2  | $0.00                    | $155234.07                                 |
| Month 3  | $0.00                    | $259752.57                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Babcock International Group PLC    | Babcock International Group PLC                         | CUSIP: G0689Q152<br>LEI: 213800TSKOLX4EU6L377 | Long             | EC               | CORP              | GB        |      7886 | NS      | $27256.03     | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Software AG                        | Software AG                                             | CUSIP: D7045M190<br>LEI: 529900M1LIO0SLOBAS50 | Long             | EC               | CORP              | DE        |       967 | NS      | $24827.65     | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Linamar Corp                       | Linamar Corporation                                     | CUSIP: 53278L107<br>LEI: 549300LW6VIYFRMFBU20 | Long             | EC               | CORP              | CA        |       996 | NS      | $48890.75     | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto1 Group                        | Auto1 Group SE                                          | CUSIP: D0R06D102<br>LEI: 391200S2LPXG5ZD5G304 | Long             | EC               | CORP              | DE        |      3214 | NS      | $28115.81     | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Entain PLC                         | GVC Holdings PLC                                        | CUSIP: G3167C109<br>LEI: 213800GNI3K45LQR8L28 | Long             | EC               | CORP              | IM        |      4698 | NS      | $80451.12     | 3.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Invesco                            | Invesco Short-Term Investments Trust Treasury Portfolio | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |     15869 | PA      | $15869.22     | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd         | Samsung Electronics Co. Ltd. - GDR                      | CUSIP: 796050888<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | US        |        65 | NS      | $75595.00     | 3.40%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Element Fleet Management Corp      | Element Fleet Management Corp.                          | CUSIP: 286181201<br>LEI: 5493000PGBS1C22ELQ16 | Long             | EC               | CORP              | CA        |      6877 | NS      | $97442.40     | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| EXOR S.p.A.                        | Exor N.V.                                               | CUSIP: N3140A107<br>LEI: 5493002ENHZ6NYET7405 | Long             | EC               | CORP              | NL        |      1276 | NS      | $100289.59    | 4.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Catalana Occidente S A       | Grupo Catalana Occidente S.A.                           | CUSIP: E5701Q116<br>LEI: 959800H2P9S8MS95DT42 | Long             | EC               | CORP              | ES        |      1797 | NS      | $56911.36     | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Liberty Global PLC                 | Liberty Global plc Series C                             | CUSIP: G5480U120<br>LEI: 549300BSGXG3QLIQYT84 | Long             | EC               | CORP              | US        |      3825 | NS      | $79101.00     | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd                    | Nintendo Company Ltd. ADR                               | CUSIP: 654445303<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |      7795 | NS      | $83640.35     | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                   | Sony Corporation                                        | CUSIP: J76379106<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |       920 | NS      | $76216.27     | 3.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Konecranes Oyj                     | Konecranes OYJ                                          | CUSIP: X4550J108<br>LEI: 549300EF0CDEQZBMA096 | Long             | EC               | CORP              | FI        |      1533 | NS      | $45261.94     | 2.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Suncor Energy Inc.                 | Suncor Energy, Inc.                                     | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |      2676 | NS      | $87960.12     | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Hitachi Ltd.                       | Hitachi Ltd.                                            | CUSIP: J20454112<br>LEI: 549300T6IPOCDWLKC615 | Long             | EC               | CORP              | JP        |      1962 | NS      | $104931.27    | 4.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Ashtead Group                      | Ashtead Group plc                                       | CUSIP: G05320109<br>LEI: 2138007UTBN8X9K1A235 | Long             | EC               | CORP              | US        |      1734 | NS      | $105863.89    | 4.76%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                       | Itochu Corporation                                      | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |      2755 | NS      | $86530.27     | 3.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Kyudenko Corp                      | Kyudenko Corporation                                    | CUSIP: J38425104<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |       836 | NS      | $20114.47     | 0.90%             |  |  |  | No            |                  2 | On Loan: No      |
| Bollore SE                         | Bollore                                                 | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |     20632 | NS      | $116215.21    | 5.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Elis SA                            | Elis S.A.                                               | CUSIP: F2976F106<br>LEI: 969500UX71LCE8MAY492 | Long             | EC               | CORP              | FR        |      2744 | NS      | $35985.73     | 1.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited | Fairfax Financial Holdings Limited                      | CUSIP: 303901102<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | EC               | CORP              | CA        |       167 | NS      | $95815.56     | 4.31%             |  |  |  | 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        |      7799 | NS      | $34861.53     | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial N.V.                | CNH Industrial N.V.                                     | CUSIP: N20944109<br>LEI: 549300WGC2HZ5J67V817 | Long             | EC               | CORP              | NL        |      6369 | NS      | $102774.88    | 4.62%             |  |  |  | No            |                  2 | On Loan: No      |
| SK Kaken Co Ltd                    | SK Kaken Co., Ltd.                                      | CUSIP: J75573105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |        83 | NS      | $23200.19     | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Suzuki Motor Corp                  | Suzuki Motor Corporation                                | CUSIP: J78529138<br>LEI: 353800D83H0V3ZV1SV24 | Long             | EC               | CORP              | JP        |      2238 | NS      | $80737.04     | 3.63%             |  |  |  | No            |                  2 | On Loan: No      |
| CK Hutchison Holdings Limited      | CK Hutchison Holdings Ltd.                              | CUSIP: G21765105<br>LEI: 254900Z8HM1VEPOQ2G79 | Long             | EC               | CORP              | HK        |     11507 | NS      | $66894.42     | 3.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinden Corp                        | Kinden Corp                                             | CUSIP: J33093105<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      2310 | NS      | $24817.37     | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Euronext N.V.                      | Euronext N.V.                                           | CUSIP: N3113K397<br>LEI: 724500QJ4QSZ3H9QU415 | Long             | EC               | CORP              | NL        |      1242 | NS      | $95128.56     | 4.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Air Water Inc                      | Air Water, Inc.                                         | CUSIP: J00662114<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |      3157 | NS      | $37355.52     | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| Rexel, S.A.                        | Rexel S.A.                                              | CUSIP: F7782J366<br>LEI: 969500N6AVPA51648T62 | Long             | EC               | CORP              | FR        |      3857 | NS      | $70964.90     | 3.19%             |  |  |  | No            |                  2 | On Loan: No      |
| AerCap Holdings N.V.               | AerCap Holdings N.V.                                    | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | US        |      1623 | NS      | $99652.20     | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrum AB                          | Intrum Justitia AB                                      | CUSIP: W4662R106<br>LEI: 549300UNCO2FCUWXX470 | Long             | EC               | CORP              | SE        |      1939 | NS      | $26577.50     | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| SPIE SA                            | SPIE SA                                                 | CUSIP: F8691R101<br>LEI: 969500TJNS5GSFWJ8X85 | Long             | EC               | CORP              | FR        |      2407 | NS      | $59601.35     | 2.68%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Lyrical International Value Equity Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** Assistant Treasurer