X0101 EFFECT 33 LIVE 2022-10-05 14:00:00

N-14

0001545440 Ultimus Managers Trust 333-267251 0001545440 Ultimus Managers Trust S000077488 Westwood Broadmark Tactical Growth Fund C000237949 Westwood Broadmark Tactical Growth Fund C Class Shares 0000889188 Forward Funds S000026529 Salient Tactical Growth Fund C000079671 Class C 0001545440 Ultimus Managers Trust S000077488 Westwood Broadmark Tactical Growth Fund C000237951 Westwood Broadmark Tactical Growth Fund Institutional Shares 0000889188 Forward Funds S000026529 Salient Tactical Growth Fund C000079673 Institutional Class 0001545440 Ultimus Managers Trust S000077488 Westwood Broadmark Tactical Growth Fund C000237952 Westwood Broadmark Tactical Growth Fund A Class Shares 0000889188 Forward Funds S000026529 Salient Tactical Growth Fund C000079672 Investor Class 0001545440 Ultimus Managers Trust S000077488 Westwood Broadmark Tactical Growth Fund C000237952 Westwood Broadmark Tactical Growth Fund A Class Shares 0000889188 Forward Funds S000026529 Salient Tactical Growth Fund C000086090 Class A 0001545440 Ultimus Managers Trust S000077489 Westwood Broadmark Tactical Plus Fund C000237953 Westwood Broadmark Tactical Plus Fund A Class Shares 0001535174 Salient MF Trust S000047075 Salient Tactical Plus Fund C000147194 Class A 0001545440 Ultimus Managers Trust S000077489 Westwood Broadmark Tactical Plus Fund C000237954 Westwood Broadmark Tactical Plus Fund C Class Shares 0001535174 Salient MF Trust S000047075 Salient Tactical Plus Fund C000147195 Class C 0001545440 Ultimus Managers Trust S000077489 Westwood Broadmark Tactical Plus Fund C000237955 Westwood Broadmark Tactical Plus Fund F Class Shares 0001535174 Salient MF Trust S000047075 Salient Tactical Plus Fund C000147197 Class F 0001545440 Ultimus Managers Trust S000077489 Westwood Broadmark Tactical Plus Fund C000237956 Westwood Broadmark Tactical Plus Fund Institutional Shares 0001535174 Salient MF Trust S000047075 Salient Tactical Plus Fund C000147196 Class I 0001545440 Ultimus Managers Trust S000077490 Westwood Salient Global Real Estate Fund C000237958 Westwood Salient Global Real Estate Fund A Class Shares 0000889188 Forward Funds S000025529 Salient Global Real Estate Fund C000076429 Class A 0001545440 Ultimus Managers Trust S000077490 Westwood Salient Global Real Estate Fund C000237958 Westwood Salient Global Real Estate Fund A Class Shares 0000889188 Forward Funds S000025529 Salient Global Real Estate Fund C000076433 Investor Class 0001545440 Ultimus Managers Trust S000077490 Westwood Salient Global Real Estate Fund C000237959 Westwood Salient Global Real Estate Fund C Class Shares 0000889188 Forward Funds S000025529 Salient Global Real Estate Fund C000076431 Class C 0001545440 Ultimus Managers Trust S000077490 Westwood Salient Global Real Estate Fund C000237960 Westwood Salient Global Real Estate Fund Institutional Shares 0000889188 Forward Funds S000025529 Salient Global Real Estate Fund C000076434 Institutional Class 0001545440 Ultimus Managers Trust S000077491 Westwood Salient MLP & Energy Infrastructure Fund C000237961 Westwood Salient MLP & Energy Infrastructure Fund Institutional Shares 0001535174 Salient MF Trust S000037231 Salient MLP & Energy Infrastructure Fund C000114665 Class I 0001545440 Ultimus Managers Trust S000077491 Westwood Salient MLP & Energy Infrastructure Fund C000237962 Westwood Salient MLP & Energy Infrastructure Fund Ultra Fund 0001535174 Salient MF Trust S000037231 Salient MLP & Energy Infrastructure Fund C000164675 R6 SHARES 0001545440 Ultimus Managers Trust S000077491 Westwood Salient MLP & Energy Infrastructure Fund C000237963 Westwood Salient MLP & Energy Infrastructure Fund C Class Shares 0001535174 Salient MF Trust S000037231 Salient MLP & Energy Infrastructure Fund C000114664 Class C 0001545440 Ultimus Managers Trust S000077491 Westwood Salient MLP & Energy Infrastructure Fund C000237964 Westwood Salient MLP & Energy Infrastructure Fund A Class Shares 0001535174 Salient MF Trust S000037231 Salient MLP & Energy Infrastructure Fund C000114663 Class A 0001545440 Ultimus Managers Trust S000077492 Westwood Salient Select Income Fund C000237966 Westwood Salient Select Income Fund Institutional Shares 0000889188 Forward Funds S000025527 Salient Select Income Fund C000076422 Institutional Class 0001545440 Ultimus Managers Trust S000077492 Westwood Salient Select Income Fund C000237968 Westwood Salient Select Income Fund A Class Shares 0000889188 Forward Funds S000025527 Salient Select Income Fund C000076417 Class A 0001545440 Ultimus Managers Trust S000077492 Westwood Salient Select Income Fund C000237968 Westwood Salient Select Income Fund A Class Shares 0000889188 Forward Funds S000025527 Salient Select Income Fund C000076421 Investor Class 0001545440 Ultimus Managers Trust S000077492 Westwood Salient Select Income Fund C000237969 Westwood Salient Select Income Fund C Class Shares 0000889188 Forward Funds S000025527 Salient Select Income Fund C000076419 Class C