# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0000910472-26-003217
**Filing Date:** 2026-2
**Character Count:** 22911
**Document Hash:** b004d55ab491991a788e40b91d6821c2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003217.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003217

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**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:** 26693611

**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:** 2025-12-31

**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:** $134040339.35

**Total Liabilities:** $470924.21

**Net Assets:** $133569415.14

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000088418 | 0.87%                | -2.95%               | -1.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $92498.10                | $1179826.26                                |
| Month 2  | $-84278.16               | $-4157402.60                               |
| Month 3  | $868322.41               | $-2649964.74                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Comfort Systems USA Inc.                                       | Comfort Systems USA, Inc.                                              | CUSIP: 199908104<br>LEI: 5299009DT1ZA5HTU6R38 | Long             | EC               | CORP              | US        |      6600 | NS      | $6159714.00   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP | Cia de Saneamento Basico do Estado de Sao Paulo S.A.BESP               | CUSIP: 20441A102<br>LEI: 254900UOXRZRS2TNWP19 | Long             | EC               | CORP              | BR        |    124746 | NS      | $2975192.10   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Limited                             | Canadian Natural Resources Ltd.                                        | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     79800 | NS      | $2703675.20   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Diamondback Energy Inc                                         | Diamondback Energy, Inc.                                               | CUSIP: 25278X109<br>LEI: 549300R22LSX6OHWEN64 | Long             | EC               | CORP              | US        |     15100 | NS      | $2269983.00   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Alsea S.A.B. de C.V.                                           | Alsea S.A.B. de C.V.                                                   | CUSIP: P0212A104<br>LEI: 4469000001BJLPKNUN21 | Long             | EC               | CORP              | MX        |    857120 | NS      | $2571935.88   | 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      | $4730343.91   | 3.54%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.                                      | F&G Annuities & Life, Inc.                                             | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     96384 | NS      | $2973446.40   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstService Corp.                                             | FirstService Corporation                                               | CUSIP: 33767E202<br>LEI: 5493000XUDIV75BCF118 | Long             | EC               | CORP              | CA        |      7500 | NS      | $1166475.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc.                                         | GFL Environmental, Inc.                                                | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |    106300 | NS      | $4565585.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                                 | HDFC Bank Ltd. ADR                                                     | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    100100 | NS      | $3657654.00   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Hinge Health, Inc.                                             | Hinge Health, Inc.                                                     | CUSIP: 433313103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46000 | NS      | $2136700.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                                           | Howmet Aerospace, Inc.                                                 | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |     11500 | NS      | $2357730.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                                         | SAP S.E.                                                               | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     24600 | NS      | $5976456.91   | 4.47%             |  |  |  | No            |                  2 | On Loan: No      |
| MasterCard Incorporated                                        | Mastercard, Inc. Class A                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     10000 | NS      | $5708800.00   | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Mirion Technologies Inc                                        | Mirion Technologies, Inc.                                              | CUSIP: 60471A101<br>LEI: 549300BNTOWVWFNVTJ65 | Long             | EC               | CORP              | US        |    129300 | NS      | $3028206.00   | 2.27%             |  |  |  | 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        |   1313191 | PA      | $1313190.54   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| OBIC Business Consultants Co Ltd.                              | OBIC Business Consultants Company Ltd.                                 | CUSIP: J59469106<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     30600 | NS      | $1651831.40   | 1.24%             |  |  |  | No            |                  2 | On Loan: No      |
| ITOCHU Corp.                                                   | ITOCHU Corporation                                                     | CUSIP: J2501P104<br>LEI: J48DJYXDTLHM30UMYI18 | Long             | EC               | CORP              | JP        |    148500 | NS      | $1876722.42   | 1.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Nintendo Co Ltd.                                               | Nintendo Company Ltd.                                                  | CUSIP: J51699106<br>LEI: 353800FEEXU6I9M0ZF27 | Long             | EC               | CORP              | JP        |     34700 | NS      | $2342949.95   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd.                                     | Shin-Etsu Chemical Company Ltd.                                        | CUSIP: J72810120<br>LEI: 353800PX8Q64N86H5W41 | Long             | EC               | CORP              | JP        |     41700 | NS      | $1295357.60   | 0.97%             |  |  |  | No            |                  2 | On Loan: No      |
| Phreesia Inc                                                   | Phreesia, Inc.                                                         | CUSIP: 71944F106<br>LEI: 5493000HHF8NU4QOCG53 | Long             | EC               | CORP              | US        |     78700 | NS      | $1331604.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                                 | S&P Global, Inc.                                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      6400 | NS      | $3344576.00   | 2.50%             |  |  |  | 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      | $6381690.00   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy S.A.B. de C.V.                                    | Vista Energy S.A.B. de C.V.                                            | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     30000 | NS      | $1459800.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterbridge Infrastructure LLC                                 | WaterBridge Infrastructure, LLC                                        | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57000 | NS      | $1140570.00   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Avant Group Corp.                                              | Avant Group Corporation                                                | CUSIP: J1299N107<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    153500 | NS      | $1715800.58   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Edenred SA                                                     | Edenred S.E.                                                           | CUSIP: F3192L109<br>LEI: 9695006LOD5B2D7Y0N70 | Long             | EC               | CORP              | FR        |     70500 | NS      | $1558322.06   | 1.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Greggs PLC                                                     | Greggs plc                                                             | CUSIP: G41076111<br>LEI: 213800I71QMUFJ64IW20 | Long             | EC               | CORP              | GB        |     47400 | NS      | $1068528.18   | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding N.V.                                              | ASML Holding N.V.                                                      | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3300 | NS      | $3555478.07   | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Auto Partner Sa                                                | Auto Partner S.A.                                                      | CUSIP: X02685117<br>LEI: 259400NXH0FT0MF6PV21 | Long             | EC               | CORP              | PL        |    455506 | NS      | $2103135.11   | 1.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Mips AB                                                        | MIPS A.B.                                                              | CUSIP: W5648N127<br>LEI: 549300LZSA4S0L54VQ25 | Long             | EC               | CORP              | SE        |     37150 | NS      | $1417877.85   | 1.06%             |  |  |  | No            |                  2 | On Loan: No      |
| AJ Bell PLC                                                    | AJ Bell plc                                                            | CUSIP: G01457103<br>LEI: 213800VNKA7DPWXWJJ36 | Long             | EC               | CORP              | GB        |    140000 | NS      | $832666.05    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Mader Group Limited                                            | Mader Group Ltd.                                                       | CUSIP: Q57126106<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    492087 | NS      | $2502304.26   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Edreams Odigeo SA                                              | eDreams ODIGEO S.A.                                                    | CUSIP: L2841H108<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | EC               | CORP              | ES        |     33834 | NS      | $158159.87    | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Inpost S.A                                                     | InPost S.A.                                                            | CUSIP: L5125Z108<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | PL        |    154300 | NS      | $1895968.95   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| Tasmea Ltd.                                                    | Tasmea Ltd.                                                            | CUSIP: Q88818101<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |     40000 | NS      | $112405.61    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Secure Waste Infrastructure Corp.                              | Secure Waste Infrastructure Company                                    | CUSIP: 813921103<br>LEI: 894500UQR7AONHFERA55 | Long             | EC               | CORP              | CA        |    122650 | NS      | $1543661.14   | 1.16%             |  |  |  | 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        |     88300 | NS      | $1984575.85   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Sigmaroc Plc                                                   | SigmaRoc plc                                                           | CUSIP: G81267109<br>LEI: 213800Q3CJUERBGD1E44 | Long             | EC               | CORP              | GB        |   1730489 | NS      | $2961219.14   | 2.22%             |  |  |  | No            |                  2 | On Loan: No      |
| Accenture PLC                                                  | Accenture plc Class A                                                  | CUSIP: G1151C101<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |      7400 | NS      | $1985420.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC                             | Coca-Cola Europacific Partners plc                                     | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |     11600 | NS      | $1052120.00   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| DLocal Limited                                                 | Dlocal Ltd./Uruguay                                                    | CUSIP: G29018101<br>LEI: N/A                  | Long             | EC               | CORP              | UY        |    207200 | NS      | $2929808.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corporation PLC                                          | Eaton Corp plc                                                         | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Long             | EC               | CORP              | IE        |     15700 | NS      | $5000607.00   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Nu Holdings Ltd.                                               | NU Holdings Ltd./Cayman Islands                                        | CUSIP: G6683N103<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | BR        |    217600 | NS      | $3642624.00   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Sharkninja Inc.                                                | SharkNinja, Inc.                                                       | CUSIP: G8068L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50700 | NS      | $5673330.00   | 4.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Stoneco Ltd                                                    | StoneCompany Ltd. -                                                    | CUSIP: G85158106<br>LEI: 549300O1A9LEF0XZCR35 | Long             | EC               | CORP              | BR        |    256400 | NS      | $3792156.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                                            | TE Connectivity plc                                                    | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |     12000 | NS      | $2730120.00   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcon AG                                                       | Alcon A.G. 0                                                           | CUSIP: H01301128<br>LEI: 549300LDT5AP8S0NBM78 | Long             | EC               | CORP              | CH        |     25500 | NS      | $2009655.00   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Stevanato Group S.p.A.                                         | Stevanato Group SpA                                                    | CUSIP: T9224W109<br>LEI: 81560033F7E1CD477507 | Long             | EC               | CORP              | IT        |    126281 | NS      | $2540773.72   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Karooooo Limited                                               | Karooooo Ltd.                                                          | CUSIP: Y4600W108<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |     78365 | NS      | $3565607.50   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

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

**Signature:** Daniel D. Bauer

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

**Title:** VP, Fund Accounting