# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0001752724-23-009061
**Filing Date:** 2023-1
**Character Count:** 5978
**Document Hash:** 608e849e54e21a63e4c9ed541401cfd9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-009061.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-009061

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20221130

**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:** 23544174

**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

### Q3 ALL-WEATHER SECTOR ROTATION FUND (Series ID: S000067444)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000216823 | Institutional Class | QAISX           |

## 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:** Q3 ALL-SEASON SECTOR ROTATION FUND

- **b. EDGAR series identifier (if any):** S000067444

- **c. LEI of Series:** 549300FKUY4Q1M11B850

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

- **a. Date of fiscal year-end:** 2022-11-30

- **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:** $3445488.08

**Total Liabilities:** $14303.00

**Net Assets:** $3431185.08

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000216823 | -4.30%               | 7.03%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-58894.18               | $-94777.12                                 |
| Month 2  | $-9565.14                | $238378.26                                 |
| Month 3  | $29953.32                | $7702.85                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Spdr Series Trust        | SPDR S&P AEROSPACE & DEFENSE ETF                        | CUSIP: 78464A631<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      2600 | NS      | $286832.00    | 8.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust | Fidelity MSCI Utilities ETF                             | CUSIP: 316092865<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |      6000 | NS      | $277680.00    | 8.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust        | KBW INSURANCE ETF                                       | CUSIP: 78464A789<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |      7000 | NS      | $298410.00    | 8.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust            | ISHARES U.S. BROKER-DEALERS & SECURITIES EXCHANGES  ETF | CUSIP: 464288794<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      2760 | NS      | $284500.80    | 8.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Covington Trust | Fidelity MSCI Energy Index ETF                          | CUSIP: 316092402<br>LEI: 549300JFYFTF85QAQR28 | Long             | EC               | RF                | US        |     11000 | NS      | $275110.00    | 8.02%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC      | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND CLASS X      | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1731190 | PA      | $1731189.76   | 50.45%            |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust         | VANECK VECTORS OIL SERVICES ETF                         | CUSIP: 92189H607<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |       900 | NS      | $273735.00    | 7.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Q3 All-Season Sector Rotation Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** Assistant Treasurer