# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-25-203749
**Filing Date:** 2025-8
**Character Count:** 23293
**Document Hash:** 48d95d084e022ca9df66207caf13ef15
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203749.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203749

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160

**ORGANIZATION NAME:**
- **EIN:** 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:** 251253483

**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:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $131429733.26

**Total Liabilities:** $489179.47

**Net Assets:** $130940553.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000088418 | 4.13%                | 5.40%                | 4.47%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $244603.26               | $4450736.78                                |
| Month 2  | $-26840.13               | $6167576.94                                |
| Month 3  | $-255524.50              | $5693751.91                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| B&M European Value Retail SA                                   | B & M European Value Retail SA                                         | CUSIP: L1175H106<br>LEI: 213800UK7ZRLY2K1X530 | Long             | EC               | CORP              | GB        |    444000 | NS      | $1653589.49   | 1.26%             |  |  |  | No            |                  2 | On Loan: No      |
| Diamondback Energy Inc                                         | Diamondback Energy, Inc.                                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     15100 | NS      | $2074740.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Business Consultants Co Ltd.                              | OBIC Business Consultants Co L                                         | CUSIP: J59469106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30600 | NS      | $1810384.96   | 1.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Lucky Strike Entertainment Corp.                               | Lucky Strike Entertainment Corporation                                 | CUSIP: 10258P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9870 | NS      | $90113.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc.                                         | GFL Environmental Inc.                                                 | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |    106300 | NS      | $5363898.00   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                                        | Mastercard, Inc. Class A                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10000 | NS      | $5619400.00   | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Keeper Technical Laboratory Co Ltd                             | Keeper Technical Laboratory Company, Ltd.                              | CUSIP: J31847106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     71900 | NS      | $1766916.45   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Eaton Corporation PLC                                          | Eaton Corporation plc                                                  | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | US        |     15700 | NS      | $5604743.00   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group S.p.A.                                         | Stevenato Group SPA Ord                                                | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | US        |    126281 | NS      | $3085044.83   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Secure Waste Infrastructure Corp.                              | Secure Waste Infrastructure Company                                    | CUSIP: 813921103<br>LEI: 549300EZKELHYBQO9X11 | Long             | EC               | CORP              | CA        |    116550 | NS      | $1332650.49   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                           | Howmet Aerospace, Inc.                                                 | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     11500 | NS      | $2140495.00   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Karooooo Limited                                               | Karooooo LTD                                                           | CUSIP: Y4600W108<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     60566 | NS      | $2966522.68   | 2.27%             |  |  |  | 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        |     56452 | NS      | $1651221.00   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                             | Coca-Cola Europacific Partners plc                                     | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | US        |     30300 | NS      | $2809416.00   | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mader Group Limited                                            | Mader Group Ltd                                                        | CUSIP: Q57126106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    318087 | NS      | $1409113.68   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                         | SAP SE                                                                 | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     22000 | NS      | $6728198.06   | 5.14%             |  |  |  | No            |                  2 | On Loan: No      |
| Alcon AG                                                       | Alcon, Inc. 0                                                          | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     25500 | NS      | $2251140.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Mips AB                                                        | MIPS AB                                                                | CUSIP: W5648N127<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     27800 | NS      | $1303063.59   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Stoneco Ltd                                                    | StoneCo LTD-A -                                                        | CUSIP: G85158106<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | US        |    276200 | NS      | $4430248.00   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Sigmaroc Plc                                                   | Sigmaroc PLC                                                           | CUSIP: G81267109<br>LEI: 213800Q3CJUERBGD1E44 | Long             | EC               | CORP              | US        |   1642239 | NS      | $2426811.95   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Nu Holdings Ltd.                                               | NU HOLDINGS                                                            | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | US        |    184500 | NS      | $2531340.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Hammond Power Solutions Inc.                                   | Hammond Power Solutions Inc. Class A                                   | CUSIP: 408549103<br>LEI: 549300OLI26OOKEG5V73 | Long             | EC               | CORP              | CA        |     40700 | NS      | $3748963.44   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                                     | Shin-Etsu Chemical Company Ltd.                                        | CUSIP: J72810120<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     41700 | NS      | $1376796.73   | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Exxon Mobil Corp.                                              | Exxon Mobil Corporation                                                | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     16857 | NS      | $1817184.60   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Partner Sa                                                | Auto Partner SA                                                        | CUSIP: X02685117<br>LEI: 259400NXH0FT0MF6PV21 | Long             | EC               | CORP              | PL        |    446506 | NS      | $2553517.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust                                 | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   2234110 | PA      | $2234110.13   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| IQVIA Holdings Inc.                                            | IQVIA Holdings, Inc.                                                   | CUSIP: 46266C105<br>LEI: 549300W3R20NM4KQPH86 | Long             | EC               | CORP              | US        |      4290 | NS      | $676061.10    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd.                                                     | Chubb Ltd.                                                             | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |      8750 | NS      | $2535050.00   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Edreams Odigeo SA                                              | eDreams ODIGEO S.A.                                                    | CUSIP: L2841H108<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | EC               | CORP              | LU        |    329450 | NS      | $3017893.19   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Sharkninja Inc.                                                | SharkNinja Inc.                                                        | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50700 | NS      | $5018793.00   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                                 | HDFC Bank Ltd. ADR                                                     | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     50050 | NS      | $3837333.50   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                                 | S&P Global, Inc.                                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6400 | NS      | $3374656.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Franchise Brands Plc                                           | Franchise Brands PLC                                                   | CUSIP: G3656B109<br>LEI: 213800CFRX6CJ8LCKN37 | Long             | EC               | CORP              | GB        |    484063 | NS      | $993321.15    | 0.76%             |  |  |  | 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      | $4756290.00   | 3.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                                  | Accenture plc Class A                                                  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      7900 | NS      | $2361231.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                                                 | ConocoPhillips                                                         | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |     18800 | NS      | $1687112.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Greggs PLC                                                     | GREGGS PLC                                                             | CUSIP: G41076111<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |     47400 | NS      | $1249856.10   | 0.95%             |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity PLC                                            | TE Connectivity Ltd.                                                   | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |      3000 | NS      | $506010.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                                             | FIRSTSERVICE CORPORATION                                               | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      7500 | NS      | $1309650.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Inpost S.A                                                     | InPost S.A.                                                            | CUSIP: L5125Z108<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | PL        |    146300 | NS      | $2435062.15   | 1.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Natural Resources Limited                             | Canadian Natural Resources Limited                                     | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     79800 | NS      | $2508199.25   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                                              | ASML Holding N.V.                                                      | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2500 | NS      | $2003654.74   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SA                                                     | EDENRED                                                                | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     70500 | NS      | $2190107.92   | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Mirion Technologies Inc                                        | Mirion Technologies, Inc.                                              | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    129300 | NS      | $2783829.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Comfort Systems USA Inc.                                       | Comfort Systems USA, Inc.                                              | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      6600 | NS      | $3538986.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Nintendo Co Ltd.                                               | Nintendo Company Ltd.                                                  | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     34700 | NS      | $3331703.36   | 2.54%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                                                   | Itochu Corporation                                                     | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |     29700 | NS      | $1554992.70   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Simply Good Foods Company                                      | Simply Good Foods Company (The)                                        | CUSIP: 82900L102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46400 | NS      | $1465776.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Cia de Saneamento Basico do Estado de Sao Paulo Ulo (Sabesp)           | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |    104000 | NS      | $2284880.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Alsea S.A.B. de C.V.                                           | Alsea SAB de CV                                                        | CUSIP: P0212A104<br>LEI: 4469000001BJLPKNUN21 | Long             | EC               | CORP              | MX        |    685920 | NS      | $1867627.48   | 1.43%             |  |  |  | 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        |     96384 | NS      | $3082360.32   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** Daniel D. Bauer

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

**Title:** VP, Fund Accounting