February 27, 2025
Institutional Class ()
A Series of
Supplement to Summary Prospectus and Prospectus
dated
This supplement updates certain information in the Summary Prospectus and the Prospectus of the Blueprint Adaptive Growth Allocation Fund (the “Fund”), a series of the Ultimus Managers Trust. For more information or to obtain a copy of the Funds’ Summary Prospectus or Prospectus, free of charge, please visit the Fund’s website at www.blueprintmutualfunds.com or call the Fund toll free at 1-866-983-4525.
Effective immediately, the following changes are made in the Summary Prospectus and Prospectus of the Fund.
In accordance with regulatory changes requiring the Fund’s primary benchmark to represent the overall applicable market, the Fund’s primary benchmark is revised as noted below.
| Fund | Primary Benchmark |
| Blueprint Adaptive Growth Allocation Fund | S&P 500® Index |
The following change is made in the section entitled “Performance Summary” in the Summary Prospectus and Prospectus:
The following chart replaces, in its entirety, the chart in the section entitled “Average Annual Total Returns” on page 6 of each of the Summary Prospectus and Prospectus:
| One Year | Since Inception () | |
| Institutional Class | ||
| Return After Taxes on Distributions | ||
| Return After Taxes on Distributions and Sales of Fund Shares | ||
| S&P 500® Index* | ||
| Morningstar Global Allocation Index* |
| * |
Investors Should Retain this Supplement for Future Reference.