# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-25-002502
**Filing Date:** 2025-10
**Character Count:** 9522
**Document Hash:** 7dd1a875cbf1a85061f0869e0d42c6ec
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002502.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002502

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251028

**PERIOD START**: 20251130

**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:** 251426470

**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-SEASON TACTICAL FUND (Series ID: S000067445)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000216825 | Institutional Class | QAITX           |
| C000226152 | C Class             | QACTX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND** | **Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND** | **Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 67.0%** | **Shares** | **Value** |
| **Fixed Income - 67.0%** |  |  |
| BondBloxx Bloomberg Six Month Target Duration <br> U.S. Treasury ETF (Cost $150,199,835) | &nbsp;&nbsp;2991390 | &nbsp;&nbsp;$150795970 |
| **MONEY MARKET FUNDS - 13.0%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 4.22% <sup>(a)</sup> <br> (Cost $29,372,632) | &nbsp;&nbsp;29372632 | &nbsp;&nbsp;$29372632 |
| **Investments at Value - 80.0%** (Cost $179,572,467) | **Investments at Value - 80.0%** (Cost $179,572,467) | &nbsp;&nbsp;$180168602 |
| **Other Assets in Excess of Liabilities - 20.0%** | **Other Assets in Excess of Liabilities - 20.0%** | &nbsp;&nbsp;44949811 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$225118413 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of August 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS** | **Contracts** | **Expiration Date** | **Notional Value** | **Value/Unrealized Appreciation** |
| **Index Futures** | **Index Futures** | **Index Futures** | **Index Futures** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NASDAQ 100 E-Mini Futures | 247 | 9/19/2025 | &nbsp;&nbsp;$115901045 | &nbsp;&nbsp;$102382 |
| <br> The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $72,743,360. | <br> The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $72,743,360. | <br> The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $72,743,360. | <br> The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $72,743,360. | <br> The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $72,743,360. |

---

---

| | | |
|:---|:---|:---|
| **Q3 ALL-SEASON TACTICAL FUND** | **Q3 ALL-SEASON TACTICAL FUND** | **Q3 ALL-SEASON TACTICAL FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 81.6%** | **Shares** | **Value** |
| **Fixed Income - 81.6%** |  |  |
| BondBloxx Bloomberg Six Month Target Duration <br> U.S. Treasury ETF (Cost $22,095,989) | &nbsp;&nbsp;440000 | &nbsp;&nbsp;$22180400 |
| **MONEY MARKET FUNDS - 2.0%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class X, 4.22% <sup>(a)</sup> <br> (Cost $549,228) | &nbsp;&nbsp;549228 | &nbsp;&nbsp;$549228 |
| **Investments at Value - 83.6%** (Cost $22,645,217) | **Investments at Value - 83.6%** (Cost $22,645,217) | &nbsp;&nbsp;$22729628 |
| **Other Assets in Excess of Liabilities - 16.4%** | **Other Assets in Excess of Liabilities - 16.4%** | &nbsp;&nbsp;4455418 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$27185046 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of August 31, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **FUTURES CONTRACTS** | **Contracts** | **Expiration Date** | **Notional Value** | **Value/Unrealized Appreciation** |
| **Index Futures** | **Index Futures** | **Index Futures** | **Index Futures** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NASDAQ 100 E-Mini Futures | 57 | 9/19/2025 | &nbsp;&nbsp;$26746395 | &nbsp;&nbsp;$999205 |
| <br>The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $23,818,600. | <br>The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $23,818,600. | <br>The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $23,818,600. | <br>The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $23,818,600. | <br>The average monthly notional value of futures contracts during the nine months ended August 31, 2025 was $23,818,600. |

---

## 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 TACTICAL FUND

- **b. EDGAR series identifier (if any):** S000067445

- **c. LEI of Series:** 54930063JBCEDEFFF774

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $27229222.12

**Total Liabilities:** $44175.83

**Net Assets:** $27185046.29

**Cash Not Reported:** $4475126.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000226152 | 2.88%                | 2.19%                | 0.58%                |
| Class ID C000216825 | 3.06%                | 2.27%                | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $53611.00                                  |
| Month 2  | $0.00                    | $-4400.00                                  |
| Month 3  | $0.00                    | $35200.00                                  |

**Designated Index Information**

- **Index Name:** S&P Target Risk Aggressive Index TR (USD)

- **Index Identifier:** SPTGTSPTGAUT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| First American Funds Inc.   | First American Government Obligations Fund Class X            | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    549228 | PA      | $549228.32    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CHICAGO MERCANTILE EXCHANGE | NASDAQ 100 E-MINI FUTURE 9/19/2025                            | CUSIP: N/A<br>LEI: LCZ7XYGSLJUHFXXNXD88       | Long             | DE               | CORP              | US        |        57 | NS      | $999205.45    | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BondBloxx ETF Trust         | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | CUSIP: 09789C788<br>LEI: N/A                  | Long             | EC               | RF                | US        |    440000 | NS      | $22180400.00  | 81.59%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Q3 All-Season Tactical Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer