# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-009665
**Filing Date:** 2026-6
**Character Count:** 19643
**Document Hash:** 0285a3ffe456893a798820ee6a657248
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-009665.hdr.sgml**: 20260625

**ACCESSION NUMBER**: 0000910472-26-009665

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260625

**DATE AS OF CHANGE**: 20260625

**PERIOD START**: 20261031

**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:** 261118699

**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 Real Estate Income Fund (Series ID: S000077492)

| Class ID   | Class Name                                            | Ticker Symbol   |
|:---|:---|:---|
| C000237966 | Westwood Real Estate Income Fund Institutional Shares | KIFYX           |
| C000237968 | Westwood Real Estate Income Fund A Class Shares       | KIFAX           |

## 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:** WESTWOOD REAL ESTATE INCOME FUND

- **b. EDGAR series identifier (if any):** S000077492

- **c. LEI of Series:** 549300SR0CQPUQIWPY49

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $244021513.55

**Total Liabilities:** $206949.60

**Net Assets:** $243814563.95

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000237966 | -0.06%               | -2.89%               | 4.35%                |
| Class ID C000237968 | -0.06%               | -2.95%               | 4.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-4086315.20             | $3644670.38                                |
| Month 2  | $-575540.77              | $-9136231.44                               |
| Month 3  | $-121312.53              | $9462302.18                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| EPR PROPERTIES                           | EPR Properties 5.750% Preferred                      | CUSIP: 26884U208<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |     31000 | NS      | $772210.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INC                         | Crown Castle, Inc. REIT                              | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    100000 | NS      | $8878000.00   | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage REIT                                  | CUSIP: 74460D109<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EC               | CORP              | US        |     25000 | NS      | $7561250.00   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST                        | RLJ Lodging Trust                                    | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    375000 | NS      | $9427500.00   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| WP CAREY INC                             | WP Carey, Inc. REIT                                  | CUSIP: 92936U109<br>LEI: 54930042CRNE713E3Q67 | Long             | EC               | CORP              | US        |    100000 | NS      | $7293000.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| MACERICH COMPANY (THE)                   | Macerich Company (The) REIT                          | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |    250000 | NS      | $5432500.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| AH REALTY TRUST INC                      | Armada Hoffler Properties, Inc. 6.750% Preferred     | CUSIP: 04208T207<br>LEI: 549300WQRSIV6XZT9313 | Long             | EP               | CORP              | US        |    320000 | NS      | $6915200.00   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOCIATED BANC-CORP                     | Associated Banc-Corporation 5.625% Preferred         | CUSIP: 045487402<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |     10665 | NS      | $217779.30    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| DIGITAL REALTY TRUST INC                 | Digital Realty Trust, Inc. REIT                      | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |     25000 | NS      | $5023500.00   | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIRON REAL ESTATE INC                   | Global Medical REIT, Inc. 7.500% Preferred           | CUSIP: 37957W203<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EP               | CORP              | US        |    311134 | NS      | $7532554.14   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                  | Pebblebrook Hotel Trust 5.700% Preferred             | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    489548 | NS      | $8762909.20   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| CTO REALTY GROWTH INC                    | CTO Realty Growth, Inc. 6.375% Preferred             | CUSIP: 22948Q200<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EP               | CORP              | US        |    447333 | NS      | $9358206.36   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP                     | Regency Centers Corporation Series A                 | CUSIP: 758849889<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |    157663 | NS      | $3635708.78   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| PUBLIC STORAGE                           | Public Storage                                       | CUSIP: 74460W420<br>LEI: 254900GLQZAD4N7N5Q19 | Long             | EP               | CORP              | US        |     50000 | NS      | $786500.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERICAN FUNDS INC                 | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U | CUSIP: 31846V211<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   4219952 | PA      | $4219951.99   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT DEFENSE PROPERTIES                  | COPT Defense Properties REIT                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |    300000 | NS      | $9375000.00   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | IQHQ, Inc. Series D-1                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |      5000 | NS      | $4750000.00   | 1.95%             |  |  |  | Yes           |                  3 | On Loan: No      |
| REALTY INCOME CORP                       | Realty Income Corporation REIT                       | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     75000 | NS      | $4818000.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CENTERSPACE REAL ESTATE INVESTMENT TRUST | Centerspace REIT                                     | CUSIP: 15202L107<br>LEI: 5493002LG2SH9EEHT720 | Long             | EC               | CORP              | US        |    100000 | NS      | $6827000.00   | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP (INDIANA)              | Merchants Bancorp                                    | CUSIP: 58844R850<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |    196055 | NS      | $4721004.40   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIES INC            | Hudson Pacific Properties, Inc. 4.75% Preferred      | CUSIP: 444097307<br>LEI: 529900EURZA5HRSXQ389 | Long             | EP               | CORP              | US        |    484009 | NS      | $6868087.71   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                  | Pebblebrook Hotel Trust 6.3% Preferred               | CUSIP: 70509V704<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    242066 | NS      | $4812272.08   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                  | Pebblebrook Hotel Trust 6.375% Preferred             | CUSIP: 70509V605<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |     98002 | NS      | $1948769.77   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPINE INCOME PROPERTY TRUST INC         | Alpine Income Property Trust, Inc. Series A          | CUSIP: 02083X202<br>LEI: 254900VQGUBS1J4C4N33 | Long             | EP               | CORP              | US        |    200000 | NS      | $5060000.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| SUNSTONE HOTEL INVESTORS INC             | Sunstone Hotel Investors, Inc.                       | CUSIP: 867892804<br>LEI: 529900ZQ2V52V96ATF67 | Long             | EP               | CORP              | US        |    166508 | NS      | $3456706.08   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ASSOCIATED BANC-CORP                     | Associated Banc-Corporation 5.875% Preferrred        | CUSIP: 045487204<br>LEI: 549300N3CIN473IW5094 | Long             | EP               | CORP              | US        |      5661 | NS      | $118881.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC              | Summit Hotel Properties, Inc. 6.250% Preferred       | CUSIP: 866082605<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    283000 | NS      | $5204370.00   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR PROPERTIES                           | EPR Properties 9.000% Preferred                      | CUSIP: 26884U307<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    183506 | NS      | $5901552.96   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT HOTEL PROPERTIES INC              | Summit Hotel Properties, Inc. 5.875% Preferred       | CUSIP: 866082704<br>LEI: 254900OBQWJK6X20LS71 | Long             | EP               | CORP              | US        |    158938 | NS      | $2824328.26   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                      | Vinebrook Homes Trust, Inc. 9.5% Preferred           | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |    180000 | NS      | $4500000.00   | 1.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| EPR PROPERTIES                           | EPR Properties                                       | CUSIP: 26884U505<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EP               | CORP              | US        |    107775 | NS      | $2130711.75   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| LXP INDUSTRIAL TRUST                     | LXP Industrial Trust 6.500% Preferred                | CUSIP: 529043309<br>LEI: 549300S4MH2ICXDBFV43 | Long             | EP               | CORP              | US        |    190000 | NS      | $8656400.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CHIRON REAL ESTATE INC                   | Chiron Real Estate Inc Series B                      | CUSIP: 37954A402<br>LEI: 549300HFRIPQDYU3GU60 | Long             | EP               | CORP              | US        |    160000 | NS      | $3952000.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH PROPERTIES INC                       | UMH Properties, Inc. 6.375% Preferred                | CUSIP: 903002509<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EP               | CORP              | US        |     87634 | NS      | $1916555.58   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| WELLTOWER INC                            | Welltower, Inc. REIT                                 | CUSIP: 95040Q104<br>LEI: 254900F33BIAR82QTA19 | Long             | EC               | CORP              | US        |     25000 | NS      | $5433500.00   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR REAL ESTATE FINANCE TRUST INC        | KKR Real Estate Finance Trust, Inc. 6.500% Preferred | CUSIP: 48251K209<br>LEI: 549300K23AYZDZ2REL62 | Long             | EP               | CORP              | US        |    523747 | NS      | $9495533.11   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENCY CENTERS CORP                     | Regency Centers Corporation Series B                 | CUSIP: 758849871<br>LEI: 529900053A7X7FJ97S58 | Long             | EP               | CORP              | US        |     22829 | NS      | $512282.76    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| BANC OF CALIFORNIA INC                   | Banc of California, Inc.                             | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |     87360 | NS      | $2239910.40   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST                  | Pebblebrook Hotel Trust 6.375% Preferred             | CUSIP: 70509V803<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |    250000 | NS      | $4997500.00   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN HOMES 4 RENT                    | American Homes 4 Rent 5.875% Preferred               | CUSIP: 02665T876<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EP               | CORP              | US        |    307132 | NS      | $6981110.36   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| HOVNANIAN ENTERPRISES INC                | Hovnanian Enterprises, Inc. 7.625% Preferred         | CUSIP: 442487112<br>LEI: 549300805N4EF0ROBT53 | Long             | EP               | CORP              | US        |    515000 | NS      | $10789250.00  | 4.43%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC                         | Saul Centers, Inc. 6.000% Preferred                  | CUSIP: 804395879<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    125000 | NS      | $2780000.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| SAUL CENTERS INC                         | Saul Centers, Inc. 6.125% Preferred                  | CUSIP: 804395804<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    381000 | NS      | $7734300.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACKSTONE MORTGAGE TRUST INC            | Blackstone Mortgage Trust, Inc. Class A              | CUSIP: 09257W100<br>LEI: 549300OLDJ20R2Y2UW20 | Long             | EC               | CORP              | US        |    375000 | NS      | $7121250.00   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| NATIONAL STORAGE AFFILIATES TRUST        | National Storage Affiliates Trust 6.000% Preferred   | CUSIP: 637870205<br>LEI: 529900FS06O8GOYNR108 | Long             | EP               | CORP              | US        |    370000 | NS      | $8543300.00   | 3.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CHATHAM LODGING TRUST                    | Chatham Lodging Trust 6.625% Preferred               | CUSIP: 16208T201<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    170109 | NS      | $3461701.14   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Westwood Real Estate Income Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer