# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-23-023459
**Filing Date:** 2023-2
**Character Count:** 10856
**Document Hash:** cc42e7cc2c54f9cd58e09970fd4072d2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-023459.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001752724-23-023459

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SCHWARTZ INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0000891160
- **IRS NUMBER:** 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:** 23627090

**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 Focused Fund (Series ID: S000068495)

| Class ID   | Class Name             | Ticker Symbol   |
|:---|:---|:---|
| C000219050 | Ave Maria Focused Fund | AVEAX           |

## 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 FOCUSED FUND

- **b. EDGAR series identifier (if any):** S000068495

- **c. LEI of Series:** 549300J1VAEWTC14FI12

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

- **a. Date of fiscal year-end:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $48280026.79

**Total Liabilities:** $107967.00

**Net Assets:** $48172059.79

**Cash Not Reported:** $14277.78

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219050 | 9.09%                | 11.04%               | -7.22%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $80656.87                | $3823706.43                                |
| Month 2  | $907771.93               | $4189091.67                                |
| Month 3  | $620679.29               | $-4370201.34                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Green Plains Inc                  | Green Plains, Inc.                                                     | CUSIP: 393222104<br>LEI: VJ5WLTHARBSDR14KIZ98 | Long             | EC               | CORP              | US        |     74896 | NS      | $2284328.00   | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Ammo Inc.                         | Ammo Inc.                                                              | CUSIP: 00175J107<br>LEI: 549300WUBAV2G8RICP63 | Long             | EC               | CORP              | US        |    503000 | NS      | $870190.00    | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Tyler Technologies Inc.           | Tyler Technologies, Inc.                                               | CUSIP: 902252105<br>LEI: 25490040SMU4Z8LBCW70 | Long             | EC               | CORP              | US        |      4377 | NS      | $1411188.57   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTDC Ltd.                       | NextDC Ltd.                                                            | CUSIP: Q6750Y106<br>LEI: 529900RTERU3X7G3D672 | Long             | EC               | CORP              | AU        |     76723 | NS      | $473379.81    | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Rice Acquisition Corp Ii          | Rice Acquisition Corp. II Class A                                      | CUSIP: G75529100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    145596 | NS      | $1480711.32   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| API Group Corp                    | API Group Corporation                                                  | CUSIP: 00187Y100<br>LEI: 213800NZT1VX6PZ7BT53 | Long             | EC               | CORP              | US        |    288209 | NS      | $5421211.29   | 11.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                  | Brookfield Corporation                                                 | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |     61999 | NS      | $1950488.54   | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Edreams Odigeo SA                 | eDreams ODIGEO S.A.                                                    | CUSIP: L2841H108<br>LEI: 959800Y8LQ5MR2YZ4N96 | Long             | EC               | CORP              | LU        |   1313620 | NS      | $5547059.00   | 11.52%            |  |  |  | No            |                  2 | On Loan: No      |
| Brookfield Asset Management Ltd   | Brookfield Asset Management Ltd.                                       | CUSIP: 113004105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     76471 | NS      | $2192423.57   | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                | Chemed Corporation                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |      3846 | NS      | $1963113.78   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                         | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    412069 | PA      | $412068.69    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Basin Rlty                | PERMIAN BASIN ROYALTY TRUST                                            | CUSIP: 714236106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91893 | NS      | $2315703.60   | 4.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Reinsurance Ltd.       | Brookfield Reinsurance Ltd. Ltd.                                       | CUSIP: G16250105<br>LEI: 9845004583U3B8E06924 | Long             | EC               | CORP              | CA        |     66825 | NS      | $2090954.25   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Radius Global Infrastructure Inc. | Radius Global Infrastructure, Inc.                                     | CUSIP: 750481103<br>LEI: 213800NT341MQ5USBX63 | Long             | EC               | CORP              | US        |    187926 | NS      | $2221285.32   | 4.61%             |  |  |  | No            |                  1 | On Loan: No      |
| DigitalBridge Group Inc           | DigitalBridge Group, Inc.                                              | CUSIP: 25401T603<br>LEI: 549300XG87L902AGBO89 | Long             | EC               | CORP              | US        |    441341 | NS      | $4828270.54   | 10.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Orion Engineered Carbons S.A.     | ORION ENGINEERED CARBONS S.A.                                          | CUSIP: L72967109<br>LEI: 529900GL5W5OLSTSBE42 | Long             | EC               | CORP              | LU        |    126157 | NS      | $2246856.17   | 4.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation             | Microsoft Corporation                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      7196 | NS      | $1725744.72   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| GFL Environmental Inc.            | GFL Environmental Inc.                                                 | CUSIP: 36168Q104<br>LEI: 549300FYK4MBXWIVZU26 | Long             | EC               | CORP              | CA        |    196896 | NS      | $5755270.08   | 11.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Valvoline Inc                     | Valvoline, Inc.                                                        | CUSIP: 92047W101<br>LEI: 549300CMHPBEY6VPOT75 | Long             | EC               | CORP              | US        |     68397 | NS      | $2233162.05   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Pacific Land Corporation    | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |       210 | NS      | $492288.30    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-23

**Name of Applicant:** Ave Maria Focused Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** VP, Fund Accounting