Ultimus Managers Trust has announced the official reorganization of its Lyrical U.S. Value Equity Fund into a new exchange-traded fund (ETF) as of November 6, 2026. This strategic move is expected to enhance investment opportunities for clients and align with the growing trend of ETFs in the investment landscape.

The transformation of the Lyrical U.S. Value Equity Fund into an ETF signifies a significant shift in the company's approach to investment management. By transitioning to an ETF structure, Ultimus aims to provide investors with greater flexibility and potentially lower costs associated with trading and managing their investments.

Background

Ultimus Managers Trust is an investment firm based in Cincinnati, Ohio, specializing in providing investment management services. The company operates under the Central Index Key (CIK) 0001545440 and has been actively involved in the financial markets through various filings, including the recent 497K form submitted on November 6, 2026. The firm has a focus on delivering value to its investors through innovative investment solutions.

What the Filing Says

The filing details the reorganization of the Lyrical U.S. Value Equity Fund into the new U.S. Fund, stating, "On November 6, 2026, Lyrical U.S. Value Equity Fund (the 'Predecessor Fund') will be reorganized into the U.S. Fund (the 'Reorganization')." This transition is set to commence the operations of the new ETF, which will adopt the performance metrics of the Predecessor Fund.

Impact

This change may significantly affect investors who were previously involved with the Lyrical U.S. Value Equity Fund. By transitioning to an ETF, Ultimus Managers Trust aims to attract a broader range of investors looking for more accessible and cost-effective investment options. The move is also likely to impact competitors in the ETF market, prompting them to innovate and enhance their product offerings.

What's Next

The filing does not specify what happens next, but the newly reorganized U.S. Fund is expected to begin operations immediately following the completion of the reorganization.