# EDGAR Filing Document

**Accession Number:** 0000891160
**File Stem:** 0001752724-23-023463
**Filing Date:** 2023-2
**Character Count:** 19083
**Document Hash:** 8b24da887487792f358923c3589e0b65
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-023463.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001752724-23-023463

**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:** 23627093

**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 Rising Dividend Fund (Series ID: S000001551)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000004205 | Ave Maria Rising Dividend Fund | AVEDX           |

## 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 RISING DIVIDEND FUND

- **b. EDGAR series identifier (if any):** S000001551

- **c. LEI of Series:** 549300W3NE6KWWF7R314

**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:** $892970782.20

**Total Liabilities:** $2010518.64

**Net Assets:** $890960263.56

**Cash Not Reported:** $47600.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000004205 | 10.95%               | 6.24%                | -5.02%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1096098.46             | $89295976.61                               |
| Month 2  | $1966081.83              | $51289643.65                               |
| Month 3  | $-2087.05                | $-49073900.60                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| The TJX Companies Inc.              | TJX Companies, Inc. (The)                                              | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    300000 | NS      | $23880000.00  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                        | Fastenal Company                                                       | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    195000 | NS      | $9227400.00   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                       | Accenture plc Class A                                                  | CUSIP: G1151C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93000 | NS      | $24816120.00  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                   | Tractor Supply Company                                                 | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |     79500 | NS      | $17885115.00  | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc              | Roper Technologies, Inc.                                               | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |     25000 | NS      | $10802250.00  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Rentokil Initial PLC                | Retokil Initial PLC                                                    | CUSIP: G7494G105<br>LEI: 549300VN4WV7Z6T14K68 | Long             | EC               | CORP              | US        |   1185500 | NS      | $7282944.31   | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Thor Industries Inc.                | Thor Industries, Inc.                                                  | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |    150000 | NS      | $11323500.00  | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Ansys Inc                           | ANSYS, Inc.                                                            | CUSIP: 03662Q105<br>LEI: 549300VJV8H15Z5FJ571 | Long             | EC               | CORP              | US        |     56000 | NS      | $13529040.00  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                       | Equinix, Inc. REIT                                                     | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     37400 | NS      | $24498122.00  | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corporation        | Truist Financial Corporation                                           | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |    575000 | NS      | $24742250.00  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                       | Medtronic plc                                                          | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |    330000 | NS      | $25647600.00  | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated             | Mastercard, Inc. Class A                                               | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     85000 | NS      | $29557050.00  | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                   | Brown & Brown, Inc.                                                    | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |    230000 | NS      | $13103100.00  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corporation         | Lockheed Martin Corporation                                            | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |     62500 | NS      | $30405625.00  | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.     | SS&C Technologies Holdings, Inc.                                       | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    425000 | NS      | $22125500.00  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith(Ao)Corp                       | A.O. Smith Corporation                                                 | CUSIP: 831865209<br>LEI: 549300XG4US7UJNECY36 | Long             | EC               | CORP              | US        |    180000 | NS      | $10303200.00  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Lowes Companies, Inc.               | Lowe's Companies, Inc.                                                 | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |    140000 | NS      | $27893600.00  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| F&G Annuities & Life Inc.           | F&G ANNUITIES & LIFE-WI                                                | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45560 | NS      | $911655.60    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Natural Resources Company   | Pioneer Natural Resources Company                                      | CUSIP: 723787107<br>LEI: FY8JBF7CCL2VE4F1B628 | Long             | EC               | CORP              | US        |    170000 | NS      | $38826300.00  | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Jack & Associates Inc.        | Jack Henry & Associates, Inc.                                          | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |    125000 | NS      | $21945000.00  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Genuine Parts Co                    | Genuine Parts Company                                                  | CUSIP: 372460105<br>LEI: 549300D46DQVEU651W04 | Long             | EC               | CORP              | US        |    150000 | NS      | $26026500.00  | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation               | Microsoft Corporation                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    110000 | NS      | $26380200.00  | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated      | Texas Instruments, Inc.                                                | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    215000 | NS      | $35522300.00  | 3.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Financial, Inc.   | Fidelity National Financial, Inc.                                      | CUSIP: 31620R303<br>LEI: 549300CAZYIH39SYQ287 | Long             | EC               | CORP              | US        |    670000 | NS      | $25205400.00  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC  | Coca-Cola European Partners plc                                        | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | US        |    300000 | NS      | $16596000.00  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Polaris Incorporation               | Polaris, Inc.                                                          | CUSIP: 731068102<br>LEI: 549300QJSN8UVWN1EI78 | Long             | EC               | CORP              | US        |    140000 | NS      | $14140000.00  | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Limited                       | Chubb Ltd.                                                             | CUSIP: H1467J104<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | US        |    190000 | NS      | $41914000.00  | 4.70%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service, Inc.         | United Parcel Service, Inc. Class B                                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    100000 | NS      | $17384000.00  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Chemed Corporation                  | Chemed Corporation                                                     | CUSIP: 16359R103<br>LEI: 54930020031IDJT2IM79 | Long             | EC               | CORP              | US        |     70000 | NS      | $35730100.00  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Incorporated      | Quest Diagnostics, Inc.                                                | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |     95000 | NS      | $14861800.00  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| RH                                  | RH                                                                     | CUSIP: 74967X103<br>LEI: 5493008MTS3OGGMHGK69 | Long             | EC               | CORP              | US        |     90000 | NS      | $24047100.00  | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                              | SAP SE                                                                 | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |     90000 | NS      | $9294517.41   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Texas Pacific Land Corporation      | Texas Pacific Land Corporation                                         | CUSIP: 88262P102<br>LEI: 529900WTH0D1S7BB4S10 | Long             | EC               | CORP              | US        |     24000 | NS      | $56261520.00  | 6.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                          | HEICO Corporation Class A                                              | CUSIP: 422806208<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |    137120 | NS      | $16433832.00  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc. | Broadridge Financial Solutions, Inc.                                   | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |    205000 | NS      | $27496650.00  | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| First Horizon Corporation           | First Horizon National Corporation                                     | CUSIP: 320517105<br>LEI: TF3RXI1ZB1TQ30H9JV10 | Long             | EC               | CORP              | US        |    250000 | NS      | $6125000.00   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp.                    | Brookfield Corporation                                                 | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Long             | EC               | CORP              | CA        |    400000 | NS      | $12584000.00  | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Asset Management Ltd     | Brookfield Asset Management Ltd.                                       | CUSIP: 113004105<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100000 | NS      | $2867000.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                | Booking Holdings, Inc.                                                 | CUSIP: 09857L108<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | EC               | CORP              | US        |      4000 | NS      | $8061120.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Moodys Corp                         | Moody's Corporation                                                    | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     90000 | NS      | $25075800.00  | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated                           | Federated Government Obligations Tax-Managed Fund Institutional Shares | CUSIP: 60934N856<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |  14942042 | PA      | $14942042.06  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corporation                 | Chevron Corporation                                                    | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $35898000.00  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                      | S&P Global, Inc.                                                       | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     29000 | NS      | $9713260.00   | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Ave Maria Rising Dividend Fund

**Signature:** Daniel Bauer

**Name of Signer:** Daniel Bauer

**Title:** VP, Fund Accounting