# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-23-002769
**Filing Date:** 2023-1
**Character Count:** 12112
**Document Hash:** 47aa240260f1005eab9f92b12684fe37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-002769.hdr.sgml**: 20230117

**ACCESSION NUMBER**: 0001752724-23-002769

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230117

**DATE AS OF CHANGE**: 20230117

**PERIOD START**: 20230531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Ultimus Managers Trust
- **CENTRAL INDEX KEY:** 0001545440
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22680
- **FILM NUMBER:** 23531533

**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           |

## 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:** 2023-05-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $116501513.57

**Total Liabilities:** $2427847.76

**Net Assets:** $114073665.81

**Cash Not Reported:** $1305081.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000130673 | -4.03%               | 0.65%                | 3.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1125811.44             | $-3820846.38                               |
| Month 2  | $-2170444.99             | $2624450.97                                |
| Month 3  | $-506312.27              | $3065665.53                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vanguard Index Fds                     | VANGUARD REAL ESTATE ETF                                    | CUSIP: 922908553<br>LEI: 549300OM0CLBHZ9MZW59 | Long             | EC               | RF                | US        |      9087 | NS      | $800382.96    | 0.70%             |  |  |  | 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        |    327000 | NS      | $8119410.00   | 7.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco                                | Invesco Short-Term Investments Trust Treasury Portfolio     | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   7443766 | PA      | $7443766.18   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II  | Invesco Senior Loan ETF                                     | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |    684660 | NS      | $14254621.20  | 12.50%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                 | Bloomberg Commodity Index Future due 12/21/2022             | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        79 | NS      | $-7575.73     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO BOARD OF TRADE                 | E-Mini Dow CBOT DJIA Future Due 12/16/2022                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |         6 | NS      | $84007.10     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                          | iShares JPMorgan USD Emerging Markets Bond ETF              | CUSIP: 464288281<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     36900 | NS      | $3189267.00   | 2.80%             |  |  |  | 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        |   7443766 | PA      | $7443766.18   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                          | iShares TIPS Bond ETF                                       | CUSIP: 464287176<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    120122 | NS      | $13014017.48  | 11.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                 | 10-Year U.S. Treasury Note Future 3/22/2023                 | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        25 | NS      | $8631.33      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Whitehall Funds               | Vanguard Emerging Markets Government Bond Fund ETF          | CUSIP: 921946885<br>LEI: 5493006QD7VQBS2FQD13 | Long             | EC               | RF                | US        |     72372 | NS      | $4511670.48   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE FUTURES U.S.                       | MSCI Emerging Markets Future Due 12/16/2022                 | CUSIP: N/A<br>LEI: 5493004R83R1LVX2IL36       | Long             | DE               | CORP              | US        |        35 | NS      | $108392.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                      | Spdr Bloomberg Barclays Convertible Securities Etf          | CUSIP: 78464A359<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |     16079 | NS      | $1071504.56   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Asset All                     | Vanguard Short-Term Inflation-Protected Securities ETF      | CUSIP: 922020805<br>LEI: 549300EW16IGZDA38J20 | Long             | EC               | RF                | US        |    260800 | NS      | $12518400.00  | 10.97%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                          | IShares Broad USD High Yield Corporate Bond ETF             | CUSIP: 46435U853<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    153815 | NS      | $5452741.75   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                 | U.S. Treasury Long Bond Future 3/22/2023                    | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        28 | NS      | $-11890.51    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                 | 5-Year U.S. Treasury Note Future 3/31/2023                  | CUSIP: N/A<br>LEI: 549300EX04Q2QBFQTQ27       | Long             | DE               | CORP              | US        |        49 | NS      | $17207.07     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMODITIES EXCHANGE CENTER            | E-Mini Gold Future Due 01/27/2023                           | CUSIP: N/A<br>LEI: N/A                        | Long             | DCO              | CORP              | US        |         4 | NS      | $1023.52      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE (FLOOR)    | E-MINI S&P 500 FUTURE 12/21/2022                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DE               | CORP              | US        |         3 | NS      | $32293.55     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Scottsdal                     | Vanguard Mortgage-Backed Securities ETF                     | CUSIP: 92206C771<br>LEI: 549300Y88GQ3VLJIBX57 | Long             | EC               | RF                | US        |    154200 | NS      | $7107078.00   | 6.23%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                       | Vaneck Vectors Emerging Market High Yield Bond ETF          | CUSIP: 92189F353<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    273222 | NS      | $4915263.78   | 4.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios | Fidelity Institutional Money Market Government Por Tfolio   | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   7443769 | PA      | $7443769.18   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                          | ISHARES NATIONAL MUNI BOND ETF                              | CUSIP: 464288414<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |     86500 | NS      | $9188030.00   | 8.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                    | Goldman Sachs Treasury Obligations Fund Institutional Class | CUSIP: 38141W323<br>LEI: S2FHCT8U6D2VORP0J605 | Long             | STIV             | RF                | US        |   7443766 | PA      | $7443766.19   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-21

**Name of Applicant:** Wavelength Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** Assistant Treasurer