# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-25-182883
**Filing Date:** 2025-7
**Character Count:** 7836
**Document Hash:** d6c0b965bb7d85d80b56d7821c2ac2a3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-182883.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-182883

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**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:** 251164203

**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            |

## 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:** 2025-05-31

**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:** $43975601.88

**Total Liabilities:** $36879.33

**Net Assets:** $43938722.55

**Cash Not Reported:** $129060.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238715 | -4.29%               | -0.04%               | 3.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2130182.92             | $-225115.62                                |
| Month 2  | $-1745201.19             | $1632923.29                                |
| Month 3  | $-19555.33               | $1439129.49                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard International Equity Index Funds | Vanguard FTSE Europe ETF USD Class                | CUSIP: 922042874<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     82870 | NS      | $6361101.20   | 14.48%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                         | SPDR Bloomberg International Treasury Bond ETF    | CUSIP: 78464A516<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     25155 | NS      | $577055.70    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Index Shares Funds                   | SPDR Portfolio Developed World ex-US ETF          | CUSIP: 78463X889<br>LEI: 5493001XGU6MOBRXUU78 | Long             | EC               | RF                | US        |    137855 | NS      | $5488007.55   | 12.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Japanese Yen Trust | Invesco CurrencyShares Japanese Yen Trust         | CUSIP: 46138W107<br>LEI: N/A                  | Long             | EC               | RF                | US        |     32675 | NS      | $2092180.25   | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                 | Vanguard Short-Term Corporate Bond ETF            | CUSIP: 92206C409<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |      6500 | NS      | $514085.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard International Equity Index Funds | Vanguard FTSE Pacific ETF                         | CUSIP: 922042866<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     71440 | NS      | $5642331.20   | 12.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust, Series 1               | Invesco QQQ Trust Series 1 USD Class              | CUSIP: 46090E103<br>LEI: 549300VY6FEJBCIMET58 | Long             | EC               | RF                | US        |     11065 | NS      | $5743952.15   | 13.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | Vanguard Mid-Cap Growth ETF                       | CUSIP: 922908538<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     23045 | NS      | $6182051.70   | 14.07%            |  |  |  | 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        |      5811 | NS      | $526476.60    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| World Gold Trust                          | SPDR Gold MiniShares Trust                        | CUSIP: 98149E303<br>LEI: 549300DGCWLK8TGZ0C89 | Long             | EC               | RF                | US        |     41655 | NS      | $2717572.20   | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares MSCI USA Momentum Factor ETF              | CUSIP: 46432F396<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     25145 | NS      | $5822073.30   | 13.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco CurrencyShares Euro Trust         | Invesco CurrencyShares Euro Currency Trust        | CUSIP: 46138K103<br>LEI: 5493004SOGY6TXWBH573 | Long             | EC               | RF                | US        |     20697 | NS      | $2170494.39   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-23

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

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer