# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-002564
**Filing Date:** 2025-10
**Character Count:** 22305
**Document Hash:** d88a389f13c42f338d9d57342a244560
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002564.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002564

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20260531

**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:** 251428528

**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

### Wavelength Fund (Series ID: S000042074)

| Class ID   | Class Name      | Ticker Symbol   |
|:---|:---|:---|
| C000130673 | Wavelength Fund | WAVLX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WAVELENGTH FUND** | **WAVELENGTH FUND** | **WAVELENGTH FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 88.0%** | **Shares** | **Value** |
| **Emerging Markets Debt - 17.5%** | **Emerging Markets Debt - 17.5%** | **Emerging Markets Debt - 17.5%** |
| iShares J.P. Morgan USD Emerging Markets Bond ETF <sup>(a)</sup> | &nbsp;&nbsp;29200 | &nbsp;&nbsp;$2748304 |
| VanEck Emerging Markets High Yield Bond ETF | &nbsp;&nbsp;269618 | &nbsp;&nbsp;5435499 |
| VanEck J.P. Morgan EM Local Currency Bond ETF | &nbsp;&nbsp;254041 | &nbsp;&nbsp;6442480 |
| Vanguard Emerging Markets Government Bond ETF | &nbsp;&nbsp;40824 | &nbsp;&nbsp;2704182 |
|  |  | &nbsp;&nbsp;17330465 |
| **Master Limited Partnerships - 0.4%** | **Master Limited Partnerships - 0.4%** | **Master Limited Partnerships - 0.4%** |
| Global X MLP ETF | &nbsp;&nbsp;9178 | &nbsp;&nbsp;460093 |
| **Real Estate Investment Trusts (REITs) - 0.9%** | **Real Estate Investment Trusts (REITs) - 0.9%** | **Real Estate Investment Trusts (REITs) - 0.9%** |
| Vanguard Real Estate ETF | &nbsp;&nbsp;9287 | &nbsp;&nbsp;856633 |
| **U.S. Fixed Income - 69.2%** | **U.S. Fixed Income - 69.2%** | **U.S. Fixed Income - 69.2%** |
| Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | &nbsp;&nbsp;105699 | &nbsp;&nbsp;1400512 |
| Invesco Senior Loan ETF <sup>(a)</sup> | &nbsp;&nbsp;513201 | &nbsp;&nbsp;10736165 |
| iShares Broad USD High Yield Corporate Bond ETF | &nbsp;&nbsp;198215 | &nbsp;&nbsp;7458830 |
| iShares National Muni Bond ETF <sup>(a)</sup> | &nbsp;&nbsp;36496 | &nbsp;&nbsp;3812372 |
| iShares Preferred & Income Securities ETF <sup>(a)</sup> | &nbsp;&nbsp;87968 | &nbsp;&nbsp;2767473 |
| iShares TIPS Bond ETF | &nbsp;&nbsp;54511 | &nbsp;&nbsp;6059988 |
| SPDR Bloomberg Convertible Securities ETF | &nbsp;&nbsp;57152 | &nbsp;&nbsp;4931075 |
| SPDR Bloomberg Short Term High Yield Bond ETF | &nbsp;&nbsp;388463 | &nbsp;&nbsp;9921345 |
| Vanguard Mortgage-Backed Securities ETF <sup>(a)</sup> | &nbsp;&nbsp;245268 | &nbsp;&nbsp;11434394 |
| Vanguard Short-Term Inflation-Protected Securities ETF | &nbsp;&nbsp;197646 | &nbsp;&nbsp;10016699 |
|  |  | &nbsp;&nbsp;68538853 |
| **Total Exchange-Traded Funds** (Cost $85,194,907) | **Total Exchange-Traded Funds** (Cost $85,194,907) | &nbsp;&nbsp;$87186044 |
| **MONEY MARKET FUNDS - 9.7%** | **Shares** | **Value** |
| DWS Government Money Market Series - Institutional Class, 4.25% <sup>(b)</sup> | &nbsp;&nbsp;2163346 | &nbsp;&nbsp;$2410959 |
| Fidelity Institutional Money Market Government Portfolio - Class I, 4.21% <sup>(b)</sup> | &nbsp;&nbsp;2163346 | &nbsp;&nbsp;2410959 |
| Goldman Sachs Financial Square Treasury Obligations Fund - Institutional Class, 4.14% <sup>(b)</sup> | &nbsp;&nbsp;2163347 | &nbsp;&nbsp;2410958 |

---

---

| | | |
|:---|:---|:---|
| **WAVELENGTH FUND** | **WAVELENGTH FUND** | **WAVELENGTH FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 9.7% (Continued)** | **Shares** | **Value** |
| Invesco Treasury Portfolio - Institutional Class, 4.16% <sup>(b)</sup> | &nbsp;&nbsp;2163346 | &nbsp;&nbsp;$2410959 |
| **Total Money Market Funds** (Cost $9,643,835) | **Total Money Market Funds** (Cost $9,643,835) | &nbsp;&nbsp;$9643835 |
| **COLLATERAL FOR SECURITIES LOANED - 29.2%** | **Value** | **Value** |
| First American Government Obligations Fund - Class X, 4.15% (Cost $28,926,827) <sup>(b)(c)</sup> | &nbsp;&nbsp;28926827 | &nbsp;&nbsp;$28926827 |
| **Investments at Value - 126.9%** (Cost $123,765,569) | **Investments at Value - 126.9%** (Cost $123,765,569) | &nbsp;&nbsp;$125756706 |
| **Liabilities in Excess of Other Assets - (26.9%)** | **Liabilities in Excess of Other Assets - (26.9%)** | &nbsp;&nbsp; (26670561) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$99086145 |

---

<sup>(a)</sup> All or a portion of the security is on loan. The total value of the securities on loan as of August 31, 2025 was $28,198,231.

<sup>(b)</sup> The rate shown is the 7-day effective yield as of August 31, 2025.

<sup>(c)</sup> This security was purchased with cash collateral held from securities on loan.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **WAVELENGTH FUND** | **WAVELENGTH FUND** | **WAVELENGTH FUND** | **WAVELENGTH FUND** | |
| **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | **SCHEDULE OF FUTURES CONTRACTS** | |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | |
| **FUTURES CONTRACTS** | **Contracts** | **Expiration Date** | **Notional Value** | <br>**Value/Unrealized Appreciation (Depreciation)** |
| **Commodities Futures** | **Commodities Futures** | **Commodities Futures** | **Commodities Futures** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Mini Gold Future | 16 | 9/26/2025 | &nbsp;&nbsp;$2789760 | &nbsp;&nbsp;$67080 |
| **Index Futures** | **Index Futures** | **Index Futures** | **Index Futures** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E- Mini Dow Jones Industrial Average Future | 2 | 9/19/2025 | &nbsp;&nbsp;456010 | &nbsp;&nbsp;20181 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Mini S&P 500 Future | 8 | 9/19/2025 | &nbsp;&nbsp;2589100 | &nbsp;&nbsp;56594 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;E-Mini NASDAQ 100 Future | 5 | 9/19/2025 | &nbsp;&nbsp;2346175 | &nbsp;&nbsp;13709 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSCI Emerging Markets Future | 32 | 9/19/2025 | &nbsp;&nbsp;2023840 | &nbsp;&nbsp;74679 |
| **Total Index Futures** | **Total Index Futures** | **Total Index Futures** | &nbsp;&nbsp;7415125 | &nbsp;&nbsp;165163 |
| **Treasury Futures** | **Treasury Futures** | **Treasury Futures** | **Treasury Futures** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10 Year U.S. Treasury Note Future | 73 | 12/19/2025 | &nbsp;&nbsp;8212500 | &nbsp;&nbsp;(825) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2 Year U.S. Treasury Note Future | 73 | 12/31/2025 | &nbsp;&nbsp;15223352 | &nbsp;&nbsp;(3603) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5 Year U.S. Treasury Note Future | 119 | 12/31/2025 | &nbsp;&nbsp;13026781 | &nbsp;&nbsp;4132 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Long Bond Future | 28 | 12/19/2025 | &nbsp;&nbsp;3199000 | &nbsp;&nbsp;(15455) |
| **Total Treasury Futures** | **Total Treasury Futures** | **Total Treasury Futures** | &nbsp;&nbsp;39661633 | &nbsp;&nbsp;(15751) |
| **Total Futures Contracts** |  |  | &nbsp;&nbsp;$49866518 | &nbsp;&nbsp;$216492 |
| The average monthly notional value of futures contracts during the period ended August 31, 2025 was $48,357,927. | The average monthly notional value of futures contracts during the period ended August 31, 2025 was $48,357,927. | The average monthly notional value of futures contracts during the period ended August 31, 2025 was $48,357,927. | The average monthly notional value of futures contracts during the period ended August 31, 2025 was $48,357,927. | The average monthly notional value of futures contracts during the period ended August 31, 2025 was $48,357,927. |

---

## 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:** WAVELENGTH FUND

- **b. EDGAR series identifier (if any):** S000042074

- **c. LEI of Series:** 549300P8Q6IFOHV2AT44

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-08-31

**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:** $99685532.74

**Total Liabilities:** $599387.71

**Net Assets:** $99086145.03

**Cash Not Reported:** $3381336.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130673 | 2.43%                | 0.14%                | 1.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-44225.77               | $1009814.76                                |
| Month 2  | $-28666.56               | $-33252.98                                 |
| Month 3  | $17248.25                | $798488.86                                 |

**Designated Index Information**

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

- **Index Identifier:** SPTGTSPTGMUT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CHICAGO MERCANTILE EXCHANGE                                   | E-MINI S&P 500 FUTURE 9/19/2025                             | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | Long             | DE               | CORP              | US        |         8 | NS      | $56594.50     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                                          | VANGUARD REAL ESTATE ETF                                    | CUSIP: 922908553<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |      9287 | NS      | $856632.88    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | CBOT 10 Year US Treasury Note 12/19/2025                    | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        73 | NS      | $-825.04      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                             | SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND  ETF     | CUSIP: 78468R408<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    388463 | NS      | $9921345.02   | 10.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Invts T                                            | Invesco Treasury Portfolio Institutional Class              | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   2163346 | PA      | $2163346.34   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II                         | Invesco Senior Loan ETF                                     | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |    513201 | NS      | $10736164.92  | 10.84%            |  |  |  | No            |                  1 | On Loan: —       |
| iShares Trust                                                 | iShares JPMorgan USD Emerging Markets Bond ETF              | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     29200 | NS      | $2748304.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Actively Managed Exchange-Traded Commodity Fund Trust | Invesco Optimum Yield                                       | CUSIP: 46090F100<br>LEI: 549300J84F1VGX03MG06 | Long             | EC               | RF                | US        |    105699 | NS      | $1400511.75   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                                              | MSCI Emerging Markets Future 9/19/2025                      | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DE               | CORP              | US        |        32 | NS      | $74678.76     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Dws Money Market Tr                                  | DWS Government Money Market Series Institutional Class      | CUSIP: 25160K207<br>LEI: 549300LJHPNV587EFB75 | Long             | STIV             | RF                | US        |   2163346 | PA      | $2163346.34   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                 | iShares TIPS Bond ETF                                       | CUSIP: 464287176<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     54511 | NS      | $6059987.87   | 6.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | CBOT 2 Year US Treasury Note Future 12/31/2025              | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |        73 | NS      | $-3603.19     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Whitehall Funds                                      | Vanguard Emerging Markets Government Bond Fund ETF          | CUSIP: 921946885<br>LEI: 5493006QD7VQBS2FQD13 | Long             | EC               | RF                | US        |     40824 | NS      | $2704181.76   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Global X Funds                                                | Global X MLP ETF                                            | CUSIP: 37954Y343<br>LEI: 5493003RA4QUTSYF1N15 | Long             | EC               | RF                | US        |      9178 | NS      | $460093.14    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                                        | DJIA MINJ e-CBOT Future 9/19/2025                           | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |         2 | NS      | $20180.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust                                             | Spdr Bloomberg Barclays Convertible Securities Etf          | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     57152 | NS      | $4931074.56   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Malvern Funds                                        | Vanguard Short-Term Inflation-Protected Securities ETF      | CUSIP: 922020805<br>LEI: 549300EW16IGZDA38J20 | Long             | EC               | RF                | US        |    197646 | NS      | $10016699.28  | 10.11%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                 | IShares Broad USD High Yield Corporate Bond ETF             | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    198215 | NS      | $7458830.45   | 7.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | CBOT US Treasure Bond Futures 12/19/2025                    | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        28 | NS      | $-15454.97    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdale Funds                                     | Vanguard Mortgage-Backed Securities ETF                     | CUSIP: 92206C771<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |    245268 | NS      | $11434394.16  | 11.54%            |  |  |  | No            |                  1 | On Loan: —       |
| VanEck ETF Trust                                              | Vaneck Vectors Emerging Market High Yield Bond ETF          | CUSIP: 92189F353<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    269618 | NS      | $5435498.88   | 5.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust                              | Fidelity Institutional Money Market Government Portfolio    | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   2163346 | PA      | $2163346.34   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                 | ISHARES NATIONAL MUNI BOND ETF                              | CUSIP: 464288414<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     36496 | NS      | $3812372.16   | 3.85%             |  |  |  | No            |                  1 | On Loan: —       |
| COMMODITIES EXCHANGE CENTER                                   | Comex Miny Gold 09/26/2025                                  | CUSIP: N/A<br>LEI: 5493008GFNDTXFPHWI47       | Long             | DCO              | CORP              | US        |        16 | NS      | $67080.08     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE                                   | NASDAQ 100 E-MINI FUTURE 9/19/2025                          | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | Long             | DE               | CORP              | US        |         5 | NS      | $13708.75     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                                 | ISHARES S&P US PREFERRED STOCK INDEX FUND                   | CUSIP: 464288687<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     87968 | NS      | $2767473.28   | 2.79%             |  |  |  | No            |                  1 | On Loan: —       |
| VanEck ETF Trust                                              | VANECK VECTORS J.P. MORGAN EM LOCAL CURRENCY BOND ETF       | CUSIP: 92189H300<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    254041 | NS      | $6442479.76   | 6.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                                           | Goldman Sachs Treasury Obligations Fund Institutional Class | CUSIP: 38141W323<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   2163346 | PA      | $2163346.35   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                                        | CBOT 5 Year US Treasury Note 2025-12-31                     | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DCO              | CORP              | US        |       119 | NS      | $4131.58      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds                                          | First American Govt OB FD Cl X                              | CUSIP: 31846V336<br>LEI: N/A                  | Long             | STIV             | RF                | US        |  28926827 | PA      | $28926826.75  | 29.19%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Wavelength Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer