# EDGAR Filing Document

**Accession Number:** 0001545440
**File Stem:** 0000910472-26-004638
**Filing Date:** 2026-3
**Character Count:** 40594
**Document Hash:** bfbe4cd6d08ba626e9e86f43cf46316f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-004638.hdr.sgml**: 20260331

**ACCESSION NUMBER**: 0000910472-26-004638

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260331

**DATE AS OF CHANGE**: 20260331

**PERIOD START**: 20261031

**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:** 26817010

**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

### Westwood Quality Smidcap Fund (Series ID: S000072843)

| Class ID   | Class Name                                         | Ticker Symbol   |
|:---|:---|:---|
| C000229479 | Westwood Quality Smidcap Fund Ultra Shares         | WWSMX           |
| C000229480 | Westwood Quality Smidcap Fund Institutional Shares | WHGMX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** | **January 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 97.2%** | **Shares** | **Value** |
| **Communications - 1.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Entertainment Content - 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Warner Music Group Corporation - Class A | &nbsp;&nbsp;53303 | &nbsp;&nbsp;$1598024 |
| **Consumer Discretionary - 11.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Automotive - 2.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Modine Manufacturing Company <sup>(a)</sup> | &nbsp;&nbsp;13992 | &nbsp;&nbsp;2583763 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Leisure Facilities & Services - 5.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cheesecake Factory, Inc. (The) | &nbsp;&nbsp;26583 | &nbsp;&nbsp;1540751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Domino's Pizza, Inc. | &nbsp;&nbsp;3703 | &nbsp;&nbsp;1519452 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Texas Roadhouse, Inc. | &nbsp;&nbsp;8575 | &nbsp;&nbsp;1542299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vail Resorts, Inc. | &nbsp;&nbsp;8159 | &nbsp;&nbsp;1085718 |
|  |  | &nbsp;&nbsp;5688220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Discretionary - 3.3%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Academy Sports & Outdoors, Inc. | &nbsp;&nbsp;26129 | &nbsp;&nbsp;1437356 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lithia Motors, Inc. | &nbsp;&nbsp;6163 | &nbsp;&nbsp;1993361 |
|  |  | &nbsp;&nbsp;3430717 |
| **Consumer Staples - 4.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Household Products - 1.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Interparfums, Inc. | &nbsp;&nbsp;17765 | &nbsp;&nbsp;1733331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Retail - Consumer Staples - 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BJ's Wholesale Club Holdings, Inc. <sup>(a)</sup> | &nbsp;&nbsp;17049 | &nbsp;&nbsp;1576010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Wholesale - Consumer Staples - 1.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Foods Holding Corporation <sup>(a)</sup> | &nbsp;&nbsp;13479 | &nbsp;&nbsp;1127114 |
| **Energy - 5.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Oil & Gas Producers - 5.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chord Energy Corporation | &nbsp;&nbsp;16685 | &nbsp;&nbsp;1672504 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gulfport Energy Corporation <sup>(a)</sup> | &nbsp;&nbsp;5782 | &nbsp;&nbsp;1180511 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Permian Resources Corporation - Class A | &nbsp;&nbsp;146766 | &nbsp;&nbsp;2367336 |
|  |  | &nbsp;&nbsp;5220351 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.2% (Continued)** | **Shares** | **Value** |
| **Financials - 18.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Banking - 9.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cullen/Frost Bankers, Inc. | &nbsp;&nbsp;18914 | &nbsp;&nbsp;$2606728 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glacier Bancorp, Inc. | &nbsp;&nbsp;45843 | &nbsp;&nbsp;2323323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SouthState Bank Corporation | &nbsp;&nbsp;27404 | &nbsp;&nbsp;2804251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wintrust Financial Corporation | &nbsp;&nbsp;14270 | &nbsp;&nbsp;2104682 |
|  |  | &nbsp;&nbsp;9838984 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Institutional Financial Services - 3.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Evercore, Inc. - Class A | &nbsp;&nbsp;4423 | &nbsp;&nbsp;1562513 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Piper Sandler Companies | &nbsp;&nbsp;4429 | &nbsp;&nbsp;1533984 |
|  |  | &nbsp;&nbsp;3096497 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Insurance - 4.8%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mercury General Corporation | &nbsp;&nbsp;16052 | &nbsp;&nbsp;1405995 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RenaissanceRe Holdings Ltd. | &nbsp;&nbsp;5900 | &nbsp;&nbsp;1662030 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Skyward Specialty Insurance Group, Inc. <sup>(a)</sup> | &nbsp;&nbsp;42884 | &nbsp;&nbsp;1913484 |
|  |  | &nbsp;&nbsp;4981509 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Specialty Finance - 1.4%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marex Group plc | &nbsp;&nbsp;37606 | &nbsp;&nbsp;1484685 |
| **Health Care - 3.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Health Care Facilities & Services - 0.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Henry Schein, Inc. <sup>(a)</sup> | &nbsp;&nbsp;12976 | &nbsp;&nbsp;979429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Medical Equipment & Devices - 2.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cooper Companies, Inc. (The) <sup>(a)</sup> | &nbsp;&nbsp;13224 | &nbsp;&nbsp;1076169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Integer Holdings Corporation <sup>(a)</sup> | &nbsp;&nbsp;19843 | &nbsp;&nbsp;1723563 |
|  |  | &nbsp;&nbsp;2799732 |
| **Industrials - 15.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Aerospace & Defense - 4.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AAR Corporation <sup>(a)</sup> | &nbsp;&nbsp;22587 | &nbsp;&nbsp;2392189 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kratos Defense & Security Solutions, Inc. <sup>(a)</sup> | &nbsp;&nbsp;10120 | &nbsp;&nbsp;1042461 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Moog, Inc. - Class A | &nbsp;&nbsp;3999 | &nbsp;&nbsp;1221095 |
|  |  | &nbsp;&nbsp;4655745 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electrical Equipment - 4.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc. | &nbsp;&nbsp;6079 | &nbsp;&nbsp;1248809 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hubbell, Inc. | &nbsp;&nbsp;3252 | &nbsp;&nbsp;1586781 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.2% (Continued)** | **Shares** | **Value** |
| **Industrials - 15.7% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electrical Equipment - 4.5% (Continued)* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Littelfuse, Inc. | &nbsp;&nbsp;5710 | &nbsp;&nbsp;$1848669 |
|  |  | &nbsp;&nbsp;4684259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Industrial Intermediate Products - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timken Company (The) | &nbsp;&nbsp;23016 | &nbsp;&nbsp;2144861 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Machinery - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MSA Safety, Inc. | &nbsp;&nbsp;11604 | &nbsp;&nbsp;2055649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Transportation & Logistics - 1.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPO, Inc. <sup>(a)</sup> | &nbsp;&nbsp;10553 | &nbsp;&nbsp;1563005 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Transportation Equipment - 1.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Bird Corporation <sup>(a)</sup> | &nbsp;&nbsp;25352 | &nbsp;&nbsp;1275459 |
| **Materials - 13.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Chemicals - 2.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sensient Technologies Corporation | &nbsp;&nbsp;21840 | &nbsp;&nbsp;2064317 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Construction Materials - 4.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Drainage Systems, Inc. | &nbsp;&nbsp;13450 | &nbsp;&nbsp;2044938 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eagle Materials, Inc. | &nbsp;&nbsp;6779 | &nbsp;&nbsp;1381628 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trex Company, Inc. <sup>(a)</sup> | &nbsp;&nbsp;36769 | &nbsp;&nbsp;1522972 |
|  |  | &nbsp;&nbsp;4949538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Containers & Packaging - 3.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Holdings, Inc. | &nbsp;&nbsp;15262 | &nbsp;&nbsp;1597626 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Packaging Corporation of America | &nbsp;&nbsp;10007 | &nbsp;&nbsp;2227058 |
|  |  | &nbsp;&nbsp;3824684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Forestry, Paper & Wood Products - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Boise Cascade Company | &nbsp;&nbsp;12973 | &nbsp;&nbsp;1048348 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Metals & Mining - 2.5%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pan American Silver Corporation | &nbsp;&nbsp;19954 | &nbsp;&nbsp;1089488 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Gold, Inc. | &nbsp;&nbsp;5679 | &nbsp;&nbsp;1495338 |
|  |  | &nbsp;&nbsp;2584826 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **COMMON STOCKS - 97.2% (Continued)** | **Shares** | **Value** |
| **Real Estate - 9.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Real Estate Services - 1.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Newmark Group, Inc. - Class A | &nbsp;&nbsp;63044 | &nbsp;&nbsp;$1124074 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*REITs - 7.9%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brixmor Property Group, Inc. | &nbsp;&nbsp;40889 | &nbsp;&nbsp;1095416 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;COPT Defense Properties | &nbsp;&nbsp;51542 | &nbsp;&nbsp;1588009 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Realty Investment Trust | &nbsp;&nbsp;14766 | &nbsp;&nbsp;1493729 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PotlatchDeltic Corporation | &nbsp;&nbsp;47551 | &nbsp;&nbsp;1984303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rexford Industrial Realty, Inc. | &nbsp;&nbsp;51124 | &nbsp;&nbsp;2072056 |
|  |  | &nbsp;&nbsp;8233513 |
| **Technology - 7.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Semiconductors - 3.2%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IPG Photonics Corporation <sup>(a)</sup> | &nbsp;&nbsp;9085 | &nbsp;&nbsp;839545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lattice Semiconductor Corporation <sup>(a)</sup> | &nbsp;&nbsp;12971 | &nbsp;&nbsp;1044425 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rambus, Inc. <sup>(a)</sup> | &nbsp;&nbsp;12440 | &nbsp;&nbsp;1416045 |
|  |  | &nbsp;&nbsp;3300015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Software - 3.7%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BlackLine, Inc. <sup>(a)</sup> | &nbsp;&nbsp;19943 | &nbsp;&nbsp;926751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pegasystems, Inc. | &nbsp;&nbsp;30660 | &nbsp;&nbsp;1339535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Verra Mobility Corporation <sup>(a)</sup> | &nbsp;&nbsp;82706 | &nbsp;&nbsp;1596226 |
|  |  | &nbsp;&nbsp;3862512 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Technology Services - 1.0%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amdocs Ltd. | &nbsp;&nbsp;13232 | &nbsp;&nbsp;1084230 |
| **Utilities - 6.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Electric Utilities - 4.6%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Avista Corporation | &nbsp;&nbsp;54103 | &nbsp;&nbsp;2233913 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IDACORP, Inc. | &nbsp;&nbsp;19742 | &nbsp;&nbsp;2621540 |
|  |  | &nbsp;&nbsp;4855453 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*Gas & Water Utilities - 2.1%* |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;National Fuel Gas Company | &nbsp;&nbsp;26090 | &nbsp;&nbsp;2185038 |
| **Total Common Stocks** (Cost $83,476,395) | **Total Common Stocks** (Cost $83,476,395) | &nbsp;&nbsp;$101633892 |

---

---

| | | |
|:---|:---|:---|
| **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** | **WESTWOOD QUALITY SMIDCAP FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 3.2%** | **Shares** | **Value** |
| First American Government Obligations Fund - Class U, 3.63% <sup>(b)</sup> <br> (Cost $3,318,541) | &nbsp;&nbsp;3318541 | &nbsp;&nbsp;$3318541 |
| **Investments at Value - 100.4%** (Cost $86,794,936) | **Investments at Value - 100.4%** (Cost $86,794,936) | &nbsp;&nbsp;$104952433 |
| **Liabilities in Excess of Other Assets - (0.4%)** | **Liabilities in Excess of Other Assets - (0.4%)** | &nbsp;&nbsp; (390603) |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$104561830 |

---

plc - Public Limited Company <br>

<sup>(a)</sup> Non-income producing security. <br> <sup>(b)</sup> The rate shown is the 7-day effective yield as of January 31, 2026.

## 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:** WESTWOOD QUALITY SMIDCAP FUND

- **b. EDGAR series identifier (if any):** S000072843

- **c. LEI of Series:** 5493003XJJMCGXUKRT92

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $104983465.20

**Total Liabilities:** $421635.45

**Net Assets:** $104561829.75

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229479 | 3.27%                | 0.67%                | 7.12%                |
| Class ID C000229480 | 3.27%                | 0.69%                | 7.04%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $545043.00               | $2480164.01                                |
| Month 2  | $486789.40               | $42290.23                                  |
| Month 3  | $432469.89               | $6550529.22                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AAR Corp.                                 | AAR Corporation                                      | CUSIP: 000361105<br>LEI: MP76T5YQX3YK5VVAQ802 | Long             | EC               | CORP              | US        |     22587 | NS      | $2392189.17   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Academy Sports and Outdoors Inc           | Academy Sports & Outdoors, Inc.                      | CUSIP: 00402L107<br>LEI: 529900HST589BD301M91 | Long             | EC               | CORP              | US        |     26129 | NS      | $1437356.29   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Drainage System Inc              | Advanced Drainage Systems, Inc.                      | CUSIP: 00790R104<br>LEI: 6QQTOZ5MF5DHM7K92I60 | Long             | EC               | CORP              | US        |     13450 | NS      | $2044938.00   | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corporation                        | Avista Corporation                                   | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |     54103 | NS      | $2233912.87   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BJ Wholesale Club Holdings Inc            | BJ's Wholesale Club Holdings, Inc.                   | CUSIP: 05550J101<br>LEI: 549300UCIWH1C93V0J03 | Long             | EC               | CORP              | US        |     17049 | NS      | $1576009.56   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc.                     | BWX Technologies, Inc.                               | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |      6079 | NS      | $1248808.97   | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                             | BlackLine, Inc.                                      | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Long             | EC               | CORP              | US        |     19943 | NS      | $926751.21    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Bird Corp.                           | Blue Bird Corporation                                | CUSIP: 095306106<br>LEI: 5493004ZXJUUWQ65ER59 | Long             | EC               | CORP              | US        |     25352 | NS      | $1275459.12   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Boise Cascade Co                          | Boise Cascade Company                                | CUSIP: 09739D100<br>LEI: 549300Z8B8LSRHC7XA55 | Long             | EC               | CORP              | US        |     12973 | NS      | $1048348.13   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Brixmor Property Group Inc                | Brixmor Property Group, Inc.                         | CUSIP: 11120U105<br>LEI: 5299007UXW6Y0W2EGZ95 | Long             | EC               | CORP              | US        |     40889 | NS      | $1095416.31   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheesecake Factory Inc                    | Cheesecake Factory, Inc. (The)                       | CUSIP: 163072101<br>LEI: 529900872XMLK10SY247 | Long             | EC               | CORP              | US        |     26583 | NS      | $1540750.68   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| The Cooper Companies, Inc.                | Cooper Companies, Inc. (The)                         | CUSIP: 216648501<br>LEI: QJKMVPIGLH7530PCUE20 | Long             | EC               | CORP              | US        |     13224 | NS      | $1076169.12   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| COPT Defense Properties                   | COPT Defense Properties REIT                         | CUSIP: 22002T108<br>LEI: YY1J47X6LF9TYY8JY420 | Long             | EC               | CORP              | US        |     51542 | NS      | $1588009.02   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Holdings Inc                        | Crown Holdings, Inc.                                 | CUSIP: 228368106<br>LEI: NYLWZIOY8PUNIT4JOE22 | Long             | EC               | CORP              | US        |     15262 | NS      | $1597626.16   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Cullen/Frost Bankers, Inc.                | Cullen/Frost Bankers, Inc.                           | CUSIP: 229899109<br>LEI: 529900V2E9G9AY665O34 | Long             | EC               | CORP              | US        |     18914 | NS      | $2606727.48   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc.                        | Domino's Pizza, Inc.                                 | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |      3703 | NS      | $1519451.99   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | Eagle Materials, Inc.                                | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |      6779 | NS      | $1381627.99   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                              | Evercore, Inc. Class A                               | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |      4423 | NS      | $1562513.21   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Realty Investment Trust           | Federal Realty Investment Trust REIT                 | CUSIP: 313745101<br>LEI: 549300FHEI1SLVZ0RB48 | Long             | EC               | CORP              | US        |     14766 | NS      | $1493728.56   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                 | FIRST AMERICAN GOVERNMENT OBLIGATIONS FUND - CLASS U | CUSIP: 31846V211<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   3318541 | PA      | $3318541.33   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Glacier Bancorp Inc.                      | Glacier Bancorp, Inc.                                | CUSIP: 37637Q105<br>LEI: 549300SMJAUKZB5D7V74 | Long             | EC               | CORP              | US        |     45843 | NS      | $2323323.24   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.           | Gulfport Energy Corporation                          | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      5782 | NS      | $1180510.94   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Incorporated                      | Hubbell, Inc.                                        | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Long             | EC               | CORP              | US        |      3252 | NS      | $1586780.88   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                        | IPG Photonics Corporation                            | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |      9085 | NS      | $839544.85    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Idacorp Inc                               | IDACORP, Inc.                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |     19742 | NS      | $2621540.18   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Integer Holdings Corp.                    | Integer Holdings Corporation                         | CUSIP: 45826H109<br>LEI: 549300SUD2ED5XG6X569 | Long             | EC               | CORP              | US        |     19843 | NS      | $1723562.98   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Interparfums Inc                          | Interparfums, Inc.                                   | CUSIP: 458334109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17765 | NS      | $1733331.05   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kratos Defense & Security Solutions, Inc. | Kratos Defense & Security Solutions, Inc.            | CUSIP: 50077B207<br>LEI: 5493000EKBN0UY1F3F88 | Long             | EC               | CORP              | US        |     10120 | NS      | $1042461.20   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lattice Semiconductor Corporation         | Lattice Semiconductor Corporation                    | CUSIP: 518415104<br>LEI: 549300LRBBPZDQ2II567 | Long             | EC               | CORP              | US        |     12971 | NS      | $1044424.92   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lithia Motors Incorporated                | Lithia Motors, Inc. Class A                          | CUSIP: 536797103<br>LEI: SE8N1EZEHPZQBCBVKD53 | Long             | EC               | CORP              | US        |      6163 | NS      | $1993360.72   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc.                           | Littelfuse, Inc.                                     | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |      5710 | NS      | $1848669.60   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MSA Safety Inc.                           | MSA Safety, Inc.                                     | CUSIP: 553498106<br>LEI: 529900DVA3258XK11O39 | Long             | EC               | CORP              | US        |     11604 | NS      | $2055648.60   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury General Corporation               | Mercury General Corporation                          | CUSIP: 589400100<br>LEI: 5493001Q9EXPCEL4W527 | Long             | EC               | CORP              | US        |     16052 | NS      | $1405994.68   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Modine Manufacturing Co.                  | Modine Manufacturing Company                         | CUSIP: 607828100<br>LEI: Z35SZFYJR8GZZRSIUU09 | Long             | EC               | CORP              | US        |     13992 | NS      | $2583762.72   | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Moog Inc.                                 | Moog, Inc. Class A                                   | CUSIP: 615394202<br>LEI: 549300WM2I4U7OBAHG07 | Long             | EC               | CORP              | US        |      3999 | NS      | $1221094.65   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company                 | National Fuel Gas Company                            | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |     26090 | NS      | $2185037.50   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmark Group Inc                         | Newmark Group, Inc. Class A                          | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     63044 | NS      | $1124074.52   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Chord Energy Corp.                        | Chord Energy Corporation                             | CUSIP: 674215207<br>LEI: 529900FA4V2YNIKZ0M71 | Long             | EC               | CORP              | US        |     16685 | NS      | $1672504.40   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corporation of America          | Packaging Corp of America                            | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |     10007 | NS      | $2227057.85   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Pan American Silver Corp.                 | Pan American Silver Corporation                      | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |     19954 | NS      | $1089488.40   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                           | Pegasystems, Inc.                                    | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |     30660 | NS      | $1339535.40   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                    | Permian Resources Corporation                        | CUSIP: 71424F105<br>LEI: 529900NXUJPOKU7OJ511 | Long             | EC               | CORP              | US        |    146766 | NS      | $2367335.58   | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                   | Piper Sandler Cos                                    | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |      4429 | NS      | $1533984.15   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Potlatchdeltic Corp.                      | PotlatchDeltic Corporation REIT                      | CUSIP: 737630103<br>LEI: 54930084YA8UJOTXDM59 | Long             | EC               | CORP              | US        |     47551 | NS      | $1984303.23   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Rambus Inc.                               | Rambus, Inc.                                         | CUSIP: 750917106<br>LEI: 2549000211GDCQSLV833 | Long             | EC               | CORP              | US        |     12440 | NS      | $1416045.20   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc.            | Rexford Industrial Realty, Inc.                      | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     51124 | NS      | $2072055.72   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                          | Royal Gold, Inc.                                     | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |      5679 | NS      | $1495337.49   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein, Inc.                        | Henry Schein, Inc.                                   | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |     12976 | NS      | $979428.48    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sensient Technologies Corp                | Sensient Technologies Corporation                    | CUSIP: 81725T100<br>LEI: CMMZHMFZQG86EI7WZU92 | Long             | EC               | CORP              | US        |     21840 | NS      | $2064316.80   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyward Specialty Insurance Group Inc     | Skyward Specialty Insurance Group, Inc.              | CUSIP: 830940102<br>LEI: 549300GXGXJG0YH4VN21 | Long             | EC               | CORP              | US        |     42884 | NS      | $1913484.08   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Southstate Bank Corp.                     | SOUTHSTATE BANK CORP                                 | CUSIP: 84472E102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     27404 | NS      | $2804251.32   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                       | Texas Roadhouse, Inc.                                | CUSIP: 882681109<br>LEI: 5299002Y1CNRPDGXTQ75 | Long             | EC               | CORP              | US        |      8575 | NS      | $1542299.50   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| The Timken Company                        | Timken Company (The)                                 | CUSIP: 887389104<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | EC               | CORP              | US        |     23016 | NS      | $2144861.04   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Trex Company, Inc.                        | Trex Company, Inc.                                   | CUSIP: 89531P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     36769 | NS      | $1522971.98   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| US Foods Holding Corp                     | US Foods Holding Corporation                         | CUSIP: 912008109<br>LEI: 549300UGOZSO64CFPR97 | Long             | EC               | CORP              | US        |     13479 | NS      | $1127113.98   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Vail Resorts, Inc.                        | Vail Resorts, Inc.                                   | CUSIP: 91879Q109<br>LEI: 529900PSZHRNU9HKH870 | Long             | EC               | CORP              | US        |      8159 | NS      | $1085718.13   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Verra Mobility Corporation                | Verra Mobility Corporation                           | CUSIP: 92511U102<br>LEI: 549300XX5EKGLR0M4152 | Long             | EC               | CORP              | US        |     82706 | NS      | $1596225.80   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Warner Music Group Corporation            | Warner Music Group Corp.                             | CUSIP: 934550203<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53303 | NS      | $1598023.94   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Wintrust Financial Corporation            | Wintrust Financial Corporation                       | CUSIP: 97650W108<br>LEI: Q774KI4AW80FHFW33O61 | Long             | EC               | CORP              | US        |     14270 | NS      | $2104682.30   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| XPO Inc                                   | XPO, Inc.                                            | CUSIP: 983793100<br>LEI: 54930096DB9LCLPN7H13 | Long             | EC               | CORP              | US        |     10553 | NS      | $1563004.83   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Amdocs Limited                            | Amdocs Ltd.                                          | CUSIP: G02602103<br>LEI: 549300HQV672RJ7RQV66 | Long             | EC               | CORP              | US        |     13232 | NS      | $1084230.08   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Marex Group Plc                           | Marex Group PLC                                      | CUSIP: G5S37H101<br>LEI: 549300DWX0SVICJAL507 | Long             | EC               | CORP              | GB        |     37606 | NS      | $1484684.88   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Renaissancere Holdings Ltd.               | RenaissanceRe Holdings Ltd.                          | CUSIP: G7496G103<br>LEI: EK6GB9U3U58PDI411C94 | Long             | EC               | CORP              | BM        |      5900 | NS      | $1662030.00   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** Westwood Quality SmidCap Fund

**Signature:** Daniel D. Bauer

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

**Title:** Treasurer