Vanguard FTSE Europe ETF USD Class

NPORT-P false 0001545440 XXXXXXXX S000077993 C000238715 Ultimus Managers Trust 811-22680 0001545440 549300FU214TAR7BFY91 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 Q3 ALL SEASON ACTIVE ROTATION ETF S000077993 549300O4LWJNM0LBVU10 2025-11-30 2025-05-31 N 43975601.88 36879.33 43938722.55 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 129060.81 N Vanguard International Equity Index Funds 549300UR5XWDVDO7NP96 Vanguard FTSE Europe ETF USD Class 922042874 82870.00000000 NS USD 6361101.20000000 14.47721014820 Long EC RF US N 1 N N N SPDR Series Trust 5493004JVD6CQEEJSS37 SPDR Bloomberg International Treasury Bond ETF 78464A516 25155.00000000 NS USD 577055.70000000 1.313319246692 Long EC RF US N 1 N N N SPDR Index Shares Funds 5493001XGU6MOBRXUU78 SPDR Portfolio Developed World ex-US ETF 78463X889 137855.00000000 NS USD 5488007.55000000 12.49013906527 Long EC RF US N 1 N N N Invesco CurrencyShares Japanese Yen Trust N/A Invesco CurrencyShares Japanese Yen Trust 46138W107 32675.00000000 NS USD 2092180.25000000 4.761586428961 Long EC RF US N 1 N N N Vanguard Scottsdale Funds 549300Y88GQ3VLJIBX57 Vanguard Short-Term Corporate Bond ETF 92206C409 6500.00000000 NS USD 514085.00000000 1.170004429270 Long EC RF US N 1 N N N Vanguard International Equity Index Funds 549300UR5XWDVDO7NP96 Vanguard FTSE Pacific ETF 922042866 71440.00000000 NS USD 5642331.20000000 12.84136377333 Long EC RF US N 1 N N N Invesco QQQ Trust, Series 1 549300VY6FEJBCIMET58 Invesco QQQ Trust Series 1 USD Class 46090E103 11065.00000000 NS USD 5743952.15000000 13.07264257276 Long EC RF US N 1 N N N Vanguard Index Funds 549300G6KNDK44WUN559 Vanguard Mid-Cap Growth ETF 922908538 23045.00000000 NS USD 6182051.70000000 14.06971195615 Long EC RF US N 1 N N N iShares Trust 5493000860OXIC4B5K91 iShares J.P. Morgan USD Emerging Markets Bond ETF 464288281 5811.00000000 NS USD 526476.60000000 1.198206432608 Long EC RF US N 1 N N N World Gold Trust 549300DGCWLK8TGZ0C89 SPDR Gold MiniShares Trust 98149E303 41655.00000000 NS USD 2717572.20000000 6.184913994501 Long EC RF US N 1 N N N iShares Trust 5493000860OXIC4B5K91 iShares MSCI USA Momentum Factor ETF 46432F396 25145.00000000 NS USD 5822073.30000000 13.25043825153 Long EC RF US N 1 N N N Invesco CurrencyShares Euro Trust 5493004SOGY6TXWBH573 Invesco CurrencyShares Euro Currency Trust 46138K103 20697.00000000 NS USD 2170494.39000000 4.939821333062 Long EC RF US N 1 N N N 2025-06-23 Q3 All Season Active Rotation ETF Daniel D. Bauer Daniel D. Bauer Treasurer