# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-23-023461
**Filing Date:** 2023-2
**Character Count:** 21422
**Document Hash:** 7fb2843506faf3d59dd72a980190d5a8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-023461.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001752724-23-023461

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160
- **IRS NUMBER:** 316456713
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07148
- **FILM NUMBER:** 23627091

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Ave Maria World Equity Fund (Series ID: S000028831)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000088418 | Ave Maria World Equity Fund | AVEWX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Schwartz Investment Trust

- **b. Investment Company Act file number:** 811-07148

- **c. CIK number of Registrant:** 0000891160

- **d. LEI of Registrant:** 549300TMUIREL25T6R98

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 801 West Ann Arbor Trail

  - **City:** Plymouth

  - **State:** MI

  - **Foreign country:** US

  - **Zip / Postal Code:** 48170

  - **Telephone number:** 248-644-8500

**Item A.2. Information about the Series.**

- **a. Name of Series:** AVE MARIA WORLD EQUITY FUND

- **b. EDGAR series identifier (if any):** S000028831

- **c. LEI of Series:** 5493008CSIYYGXQ76787

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $75074823.77

**Total Liabilities:** $220217.01

**Net Assets:** $74854606.76

**Cash Not Reported:** $9149.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000088418 | 9.65%                | 6.46%                | -3.63%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-591341.02              | $7114775.64                                |
| Month 2  | $-514496.54              | $5048009.61                                |
| Month 3  | $-327254.27              | $-2543140.32                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Chevron Corporation                             | Chevron Corporation                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10350 | NS      | $1857721.50   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                           | Microsoft Corporation                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     16400 | NS      | $3933048.00   | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc.                          | GFL Environmental Inc.                                                 | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |     53000 | NS      | $1549190.00   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International, Inc.                    | Mondelez International, Inc. Class A                                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |      6600 | NS      | $439890.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                         | Mastercard, Inc. Class A                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10000 | NS      | $3477300.00   | 4.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                           | Eaton Corporation plc                                                  | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     14000 | NS      | $2197300.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group S.p.A.                          | Stevanato Group S.p.A                                                  | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | US        |    112481 | NS      | $2021283.57   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                   | Equinix, Inc. REIT                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |      1075 | NS      | $704157.25    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Karooooo Limited                                | Karooooo LTD                                                           | CUSIP: Y4600W108<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     36808 | NS      | $873453.84    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Sapiens International Corporation N.V.          | Sapiens International Corporation N.V. ADR                             | CUSIP: G7T16G103<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     25652 | NS      | $474048.96    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| International Money Express Inc.                | INTERNATIONAL MNY EXPRESS INC COM                                      | CUSIP: 46005L101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71500 | NS      | $1742455.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC              | Coca-Cola European Partners plc                                        | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | US        |     59000 | NS      | $3263880.00   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                          | SAP SE                                                                 | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     25000 | NS      | $2581810.40   | 3.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                        | Alcon, Inc. 0                                                          | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     25500 | NS      | $1748025.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Mips AB                                         | MIPS AB                                                                | CUSIP: W5648N127<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     24200 | NS      | $1000450.82   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Stoneco Ltd                                     | StoneCo LTD-A -                                                        | CUSIP: G85158106<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | US        |     74600 | NS      | $704224.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Company               | Canadian National Railway Company                                      | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |     10000 | NS      | $1188800.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleperformance SE                              | Teleperformance Unsponsored ADR                                        | CUSIP: 87946F100<br>LEI: 9695004GI61FHFFNRG61 | Long             | EC               | CORP              | FR        |     12911 | NS      | $1538474.76   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Partner Sa                                 | Auto Partner SA                                                        | CUSIP: X02685117<br>LEI: 259400NXH0FT0MF6PV21 | Long             | EC               | CORP              | PL        |     22009 | NS      | $67466.31     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                                       | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    936026 | PA      | $936026.10    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Murata Manufacturing Co Ltd                     | Murata Manufacturing Company Ltd.                                      | CUSIP: J46840104<br>LEI: 529900QZG6DL8ZRI7140 | Long             | EC               | CORP              | JP        |     11640 | NS      | $573936.99    | 0.77%             |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp.                            | Otis Worldwide Corporation                                             | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |     12000 | NS      | $939720.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                             | IQVIA Holdings, Inc.                                                   | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      7615 | NS      | $1560237.35   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                                   | Chubb Ltd.                                                             | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |     14200 | NS      | $3132520.00   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Edreams Odigeo SA                               | eDreams ODIGEO S.A.                                                    | CUSIP: L2841H108<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | EC               | CORP              | LU        |    240300 | NS      | $1014721.36   | 1.36%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                   | HDFC Bank Ltd. ADR                                                     | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     29250 | NS      | $2000992.50   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                  | S&P Global, Inc.                                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6800 | NS      | $2277592.00   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.               | Fidelity National Financial, Inc.                                      | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |     22950 | NS      | $863379.00    | 1.15%             |  |  |  | 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        |     21000 | NS      | $1564290.00   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                   | Accenture plc Class A                                                  | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10500 | NS      | $2801820.00   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.                           | Lowe's Companies, Inc.                                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     12450 | NS      | $2480538.00   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Nidec Corp                                      | NIDEC CORP.                                                            | CUSIP: J52968104<br>LEI: 353800IF171MZTNL6Y31 | Long             | EC               | CORP              | JP        |     25285 | NS      | $1300936.44   | 1.74%             |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity Ltd                             | TE Connectivity Ltd.                                                   | CUSIP: H84989104<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | US        |     15350 | NS      | $1762180.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                              | FIRSTSERVICE CORPORATION                                               | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      7500 | NS      | $919125.00    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company               | Pioneer Natural Resources Company                                      | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |     14610 | NS      | $3336777.90   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation                     | Lockheed Martin Corporation                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      3750 | NS      | $1824337.50   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited              | CANADIAN NATURAL RESOURCES LTD.                                        | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     16100 | NS      | $894094.32    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario Del Pacifico S.A.B. de C.V. | Grupo Aerportuario Del Pacifico SAB de CV                              | CUSIP: P4959P100<br>LEI: 4469000001BZ368XFI90 | Long             | EC               | CORP              | MX        |    109400 | NS      | $1568503.05   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Rubis SCA                                       | Rubis SCA                                                              | CUSIP: F7686C152<br>LEI: 969500MGFIKUGLTC9742 | Long             | EC               | CORP              | FR        |     27750 | NS      | $730941.03    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SA                                      | EDENRED                                                                | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     42200 | NS      | $2297456.65   | 3.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirion Technologies Inc                         | Mirion Technologies, Inc.                                              | CUSIP: 60471A101<br>LEI: 549300EBD5JHM14L3R48 | Long             | EC               | CORP              | US        |    100000 | NS      | $661000.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation                    | Truist Financial Corporation                                           | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |     24500 | NS      | $1054235.00   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ITOCHU Corp.                                    | Itochu Corporation                                                     | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     28000 | NS      | $878296.58    | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Partners Group Holding AG                       | Partners Group Holding AG                                              | CUSIP: H6120A101<br>LEI: 549300I3IVVWZWDHI788 | Long             | EC               | CORP              | CH        |      1270 | NS      | $1124637.42   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Instruments Incorporated                  | Texas Instruments, Inc.                                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |      8500 | NS      | $1404370.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Electronic Arts Inc.                            | Electronic Arts, Inc.                                                  | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |     12000 | NS      | $1466160.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Axa SA                                          | AXA S.A. ADR                                                           | CUSIP: 054536107<br>LEI: F5WCUMTUM4RKZ1MAIE39 | Long             | EC               | CORP              | FR        |     58600 | NS      | $1633182.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.                       | F&G ANNUITIES & LIFE-WI                                                | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32484 | NS      | $650004.84    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** Ave Maria World Equity Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** VP, Fund Accounting