# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001580642-25-007820
**Filing Date:** 2025-12
**Character Count:** 5560
**Document Hash:** 214ef25d48f75931e6a27da05f0fd0f3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001580642-25-007820.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0001580642-25-007820

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 1

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**EFFECTIVENESS DATE**: 20251212

**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:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-180308
- **FILM NUMBER:** 251568620

**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

### Westwood LBRTY Emerging Markets Equity ETF (Series ID: S000091090)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| Westwood LBRTY Emerging Markets Equity ETF | EFRE          | C000258485 |

---

### Westwood LBRTY Global Equity ETF (Series ID: S000091091)

---

|  |  |  |
|:---|:---|:---|
| Class Name                       | Ticker Symbol | Class ID   |
| Westwood LBRTY Global Equity ETF | BFRE          | C000258486 |

---

### Westwood LBRTY International Equity ETF (Series ID: S000091092)

---

|  |  |  |
|:---|:---|:---|
| Class Name                              | Ticker Symbol | Class ID   |
| Westwood LBRTY International Equity ETF | IFRE          | C000258487 |

---

## Series and Classes Contracts Data

### Westwood LBRTY Emerging Markets Equity ETF (Series ID: S000091090)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000258485 | Westwood LBRTY Emerging Markets Equity ETF | EFRE            |

### Westwood LBRTY Global Equity ETF (Series ID: S000091091)

| Class ID   | Class Name                       | Ticker Symbol   |
|:---|:---|:---|
| C000258486 | Westwood LBRTY Global Equity ETF | BFRE            |

### Westwood LBRTY International Equity ETF (Series ID: S000091092)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000258487 | Westwood LBRTY International Equity ETF | IFRE            |

December 12, 2025

**ULTIMUS MANAGERS TRUST**

**Westwood LBRTY International Equity ETF**

**Ticker Symbol: IFRE**

**Westwood LBRTY Global Equity ETF**

**Ticker Symbol: BFRE**

**Westwood LBRTY Emerging Markets Equity ETF**

**Ticker Symbol: EFRE**

**Supplement to the Prospectus and the Statement of Additional Information,<br> each dated March 12, 2025, as supplemented**

This supplement updates certain information in the Prospectus and Statement of Additional Information (the "SAI") for the Westwood LBRTY International Equity ETF, the Westwood LBRTY Global Equity ETF and the Westwood LBRTY Emerging Markets Equity ETF (each a "Fund," collectively, the "Funds"), each a series of Ultimus Managers Trust, as described below. For more information or to obtain a copy of the Funds' Prospectus or SAI, free of charge, please visit the Funds' website at www.westwoodetfs.com or call the Funds toll free at 1-800-994-0755. Capitalized terms used in this supplement and not otherwise defined shall have the meanings ascribed to them in the Prospectus or in the SAI.

*Effective December 12, 2025, the following disclosure replaces in its entirety the second paragraph in the section entitled "Management Fees" on page 25 of the Prospectus:*

For its services, the Sub-Adviser is paid fee by the Advisor, which fee is calculated daily and paid monthly, at an annual rate based on the average daily net assets of each Fund at the following rate: 0.05% of the Fund's first $100 million of average daily net assets; 0.04% of the Fund's next $250 million of average daily net assets; and 0.02% of the Fund's average daily net assets over $350 million (subject to a minimum of $35,000 per year per Fund on the first six Westwood-managed funds that use the Sub-Adviser as well as subject to a maximum cap).

*Effective December 12, 2025, the following disclosure replaces in its entirety the second paragraph in the section entitled "INVESTMENT ADVISORY AND OTHER SERVICES – The Trading Sub-Adviser" on page 14 of the SAI:*

Pursuant to an Investment Sub-Advisory Agreement between the Advisor and the Sub-Adviser (the "Sub-Advisory Agreement"), the Sub-Adviser is responsible for trading portfolio securities on behalf of the Funds, including selecting broker-dealers to execute purchase and sale transactions as instructed by the Advisor, subject to the supervision of the Advisor and the Board. For the services it provides for the Funds, the Sub-Adviser is compensated by the Advisor from the management fees paid by each of the Funds to the Advisor, which fee is calculated

daily and paid monthly, at an annual rate based on the average daily net assets of each Fund at the following rate: 0.05% of the Fund's first $100 million of average daily net assets; 0.04% of the Fund's next $250 million of average daily net assets; and 0.02% of the Fund's average daily net assets over $350 million (subject to a minimum of $35,000 per year per Fund on the first six Westwood-managed funds that use the Sub-Adviser and subject to a maximum cap).

***Investors Should Retain this Supplement for Future Reference***