# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-005705
**Filing Date:** 2026-4
**Character Count:** 8251
**Document Hash:** 720c3e29a0dd5d633b32720e8489530a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-005705.hdr.sgml**: 20260427

**ACCESSION NUMBER**: 0000910472-26-005705

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260427

**DATE AS OF CHANGE**: 20260427

**PERIOD START**: 20261130

**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:** 26896751

**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 SYSTEMATIC OPPORTUNITIES FUND (Series ID: S000067444)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000216823 | Institutional Class | QASOX           |
| C000256096 | Class C             | QSCOX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND** | **Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND** | **Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 73.3%** | **Shares** | **Value** |
| **Fixed Income - 73.3%** |  |  |
| BondBloxx Bloomberg Six Month Target Duration <br> U.S. Treasury ETF (Cost $222,983,851) | &nbsp;&nbsp;4438015 | &nbsp;&nbsp;$223454056 |
| **MONEY MARKET FUNDS - 8.3%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 3.60% <sup>(a)</sup> <br> (Cost $25,146,614) | &nbsp;&nbsp;25146614 | &nbsp;&nbsp;$25146614 |
| **Investments at Value - 81.6%** (Cost $248,130,465) | **Investments at Value - 81.6%** (Cost $248,130,465) | &nbsp;&nbsp;$248600670 |
| **Other Assets in Excess of Liabilities - 18.4%** | **Other Assets in Excess of Liabilities - 18.4%** | &nbsp;&nbsp;56047840 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$304648510 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of February 28, 2026.

---

| | | |
|:---|:---|:---|
| **Q3 ALL-SEASON TACTICAL FUND** | **Q3 ALL-SEASON TACTICAL FUND** | **Q3 ALL-SEASON TACTICAL FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 50.8%** | **Shares** | **Value** |
| **Fixed Income - 50.8%** |  |  |
| BondBloxx Bloomberg Six Month Target Duration <br> U.S. Treasury ETF (Cost $10,043,632) | &nbsp;&nbsp;200000 | &nbsp;&nbsp;$10070000 |
| **MONEY MARKET FUNDS - 19.7%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 3.60% <sup>(a)</sup> <br> (Cost $3,906,286) | &nbsp;&nbsp;3906286 | &nbsp;&nbsp;$3906286 |
| **Investments at Value - 70.5%** (Cost $13,949,918) | **Investments at Value - 70.5%** (Cost $13,949,918) | &nbsp;&nbsp;$13976286 |
| **Other Assets in Excess of Liabilities - 29.5%** | **Other Assets in Excess of Liabilities - 29.5%** | &nbsp;&nbsp;5859707 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$19835993 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of February 28, 2026.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS** | **Contracts** | **Expiration Date** | **Notional Value** | **Value/Unrealized Appreciation** |
| **Index Futures** | **Index Futures** | **Index Futures** | **Index Futures** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NASDAQ 100 E-Mini Futures | 39 | 3/20/2026 | &nbsp;&nbsp;$19503705 | &nbsp;&nbsp;$79606 |
| <br> The average monthly notional value of futures contracts during the three months ended February 28, 2026 was $22,689,240. | <br> The average monthly notional value of futures contracts during the three months ended February 28, 2026 was $22,689,240. | <br> The average monthly notional value of futures contracts during the three months ended February 28, 2026 was $22,689,240. | <br> The average monthly notional value of futures contracts during the three months ended February 28, 2026 was $22,689,240. | <br> The average monthly notional value of futures contracts during the three months ended February 28, 2026 was $22,689,240. |

---

## 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 SYSTEMATIC OPPORTUNITIES FUND

- **b. EDGAR series identifier (if any):** S000067444

- **c. LEI of Series:** 549300FKUY4Q1M11B850

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $304942905.51

**Total Liabilities:** $294395.04

**Net Assets:** $304648510.47

**Cash Not Reported:** $56248363.12

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216823 | 0.15%                | 2.50%                | 0.20%                |
| Class ID C000256096 | 0.04%                | 2.32%                | 0.20%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-511416.18                                |
| Month 2  | $0.00                    | $621322.10                                 |
| Month 3  | $0.00                    | $-177520.60                                |

**Designated Index Information**

- **Index Name:** S&P Target Risk Aggressive Index TR (USD)

- **Index Identifier:** SPTGTSPTGAUT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BondBloxx ETF Trust       | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | CUSIP: 09789C788<br>LEI: N/A                  | Long             | EC               | RF                | US        |   4438015 | NS      | $223454055.25 | 73.35%            |  |  |  | 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        |  25146614 | PA      | $25146614.37  | 8.25%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-02-28

**Name of Applicant:** Q3 All-Season Systematic Opportunities Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer