Fees and Expenses
|
Mar. 27, 2026
USD ($)
|
| Lyrical U.S. Value Equity Fund |
|
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
FEES AND EXPENSES
|
| Expense Narrative [Text Block] |
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the U.S. Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the U.S. Fund. More information about these and other discounts is available (i) from your financial professional and (ii) in the section “Sales Charges” on page 34 of this Prospectus. Certain financial intermediaries may also offer variations in Fund sales charges to their customers as described in Appendix A Financial Intermediary Sales Charge Variations to this Prospectus.
|
| Expense Breakpoint Discounts [Text] |
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the U.S. Fund.
|
| Expense Breakpoint, Minimum Investment Required [Amount] |
$ 50,000
|
| Shareholder Fees Caption [Optional Text] |
Shareholder Fees (fees paid directly from your investment)
|
| Shareholder Fees [Table] |
| |
|
A Class |
|
C Class |
|
Investor Class |
|
Institutional Class |
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
5.75% |
|
None |
|
None |
|
None |
| Maximum Contingent Deferred Sales Charge (Load) |
|
1.00%(1) |
|
1.00%(2) |
|
None |
|
None |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends |
|
None |
|
None |
|
None |
|
None |
| Exchange Fee |
|
None |
|
None |
|
None |
|
None |
| Redemption Fee |
|
None |
|
None |
|
None |
|
None |
|
| Annual Fund Operating Expenses [Table] |
| |
|
A Class |
|
C Class |
|
Investor Class |
|
Institutional
Class |
| Management Fees(3) |
|
0.85% |
|
0.85% |
|
0.85% |
|
0.85% |
| Distribution (12b-1) Fees |
|
0.25% |
|
1.00% |
|
0.25% |
|
None |
| Other Expenses |
|
0.57% |
|
0.71% |
|
0.48% |
|
0.13% |
| Total Annual Fund Operating Expenses |
|
1.67% |
|
2.56% |
|
1.58% |
|
0.98% |
| Fee Recoupment Reimbursed(3) |
|
0.03% |
|
0.03% |
|
0.03% |
|
0.03% |
| Less Management Fee Reductions and/or Expense Reimbursements(3) |
|
(0.46%) |
|
(0.60%) |
|
(0.37%) |
|
(0.02%) |
| Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements(3) |
|
1.24% |
|
1.99% |
|
1.24% |
|
0.99% |
| (1) |
A Class share purchases of $1,000,000 or more are subject to a 1.00% Contingent Deferred Sales Charge (“CDSC”) if redeemed during the first 18 months after purchase unless the dealer, at its discretion, has waived the CDSC. |
| (2) |
C Class share purchases are subject to a 1.00% Contingent Deferred Sales Charge (“CDSC”) if redeemed during the first 12 months after purchase. |
| (3) |
Lyrical Asset Management LP (the “Adviser”) has contractually agreed, until April 1, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses of each class of shares of the U.S. Fund (exclusive of brokerage costs, taxes, interest, borrowing costs such as interest and dividend expenses on securities sold short, acquired fund fees and expenses, and extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary course of the U.S. Fund’s business) to an amount not exceeding 0.99% of the average daily net assets of the Institutional Class shares, 1.24% of the average daily net assets of the Investor Class shares, 1.24% of the average daily net assets of the A Class shares, and 1.99% of the average daily net assets of the C Class shares. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the U.S. Fund for a period of 3 years after the date that such fees and expenses were waived or reimbursed, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to April 1, 2027, this agreement may not be modified or terminated without the approval of the U.S. Fund’s Board of Trustees (the “Board”). This agreement will terminate automatically if the U.S. Fund’s investment advisory agreement with the Adviser is terminated. During the fiscal year ended November 30, 2025, the Adviser recouped $131,236 of prior years’ management fee reductions and expense reimbursements. |
|
| Expense Example [Heading] |
Example
|
| Expense Example Narrative [Text Block] |
This Example is intended to help you compare the cost of investing in the U.S. Fund with the cost of investing in other mutual funds.
|
| Expense Example by, Year, Caption [Text] |
The Example assumes that you invest $10,000 in the U.S. Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the operating expenses of the U.S. Fund remain the same and the contractual agreement to limit expenses remains in effect only until April 1, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
| Expense Example, With Redemption [Table] |
| Class |
|
1 Year |
|
|
3 Years |
|
|
5 Years |
|
|
10 Years |
|
| Investor |
|
$ |
126 |
|
|
$ |
466 |
|
|
$ |
828 |
|
|
$ |
1,850 |
|
| Institutional |
|
$ |
101 |
|
|
$ |
313 |
|
|
$ |
543 |
|
|
$ |
1,202 |
|
| A |
|
$ |
694 |
|
|
$ |
1,032 |
|
|
$ |
1,392 |
|
|
$ |
2,404 |
|
| C |
|
$ |
302 |
|
|
$ |
742 |
|
|
$ |
1,309 |
|
|
$ |
2,853 |
|
|
| Expense Example, No Redemption, By Year, Caption [Text] |
You would pay the following expenses if you did not redeem your shares:
|
| Expense Example, No Redemption [Table] |
| Class |
|
1 Year |
|
|
3 Years |
|
|
5 Years |
|
|
10 Years |
|
| C |
|
$ |
202 |
|
|
$ |
742 |
|
|
$ |
1,309 |
|
|
$ |
2,853 |
|
|
| Portfolio Turnover [Heading] |
Portfolio Turnover
|
| Portfolio Turnover [Text Block] |
The U.S. Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when U.S. Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the U.S. Fund’s performance. During the most recent fiscal year, the U.S. Fund’s portfolio turnover rate was 32% of the average value of its portfolio.
|
| Portfolio Turnover, Rate |
32.00%
|
| Lyrical International Value Equity Fund |
|
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
FEES AND EXPENSES
|
| Expense Narrative [Text Block] |
This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the International Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the International Fund. More information about these and other discounts is available (i) from your financial professional and (ii) in the section “Sales Charges” on page 34 of this Prospectus. Certain financial intermediaries may also offer variations in Fund sales charges to their customers as described in Appendix A Financial Intermediary Sales Charge Variations to this Prospectus.
|
| Expense Breakpoint Discounts [Text] |
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the International Fund.
|
| Expense Breakpoint, Minimum Investment Required [Amount] |
$ 50,000
|
| Shareholder Fees Caption [Optional Text] |
Shareholder Fees (fees paid directly from your investment)
|
| Shareholder Fees [Table] |
| |
|
Investor Class |
|
Institutional Class |
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
None |
|
None |
| Maximum Contingent Deferred Sales Charge (Load) |
|
None |
|
None |
| Maximum Sales Charge (Load) Imposed on Reinvested Dividends |
|
None |
|
None |
| Exchange Fee |
|
None |
|
None |
| Redemption Fee |
|
None |
|
None |
|
| Operating Expenses Caption [Optional Text] |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
| Annual Fund Operating Expenses [Table] |
| |
|
Investor Class |
|
Institutional Class |
| Management Fees |
|
0.85% |
|
0.85% |
| Distribution (12b-1) Fees |
|
0.25% |
|
None |
| Other Expenses |
|
8.73% |
|
3.54% |
| Interest and Dividend Expenses |
|
0.08% |
|
0.05% |
| Total Annual Fund Operating Expenses |
|
9.91% |
|
4.44% |
| Fee Waivers and/or Expense Reimbursement(1) |
|
(8.59%) |
|
(3.40%) |
| Total
Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursement(1) |
|
1.32% |
|
1.04% |
| (1) |
Lyrical Asset Management LP (the “Adviser”) has contractually
agreed, until April 1,
2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating
Expenses of each class of shares of the International Fund (exclusive of brokerage costs, taxes, interest, borrowing costs such as
interest and dividend expenses on securities sold short, costs to organize the International Fund, acquired fund fees and expenses,
and extraordinary expenses such as litigation and merger or reorganization costs and other expenses not incurred in the ordinary
course of the International Fund’s business) to an amount not exceeding 0.99% of the average daily net assets of the Institutional Class shares and 1.24% of the average daily net assets of the Investor Class shares. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the International Fund for a period of 3 years after the date that such fees and expenses were waived or reimbursed, provided that the repayments do not cause Total Annual Fund Operating Expenses to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to April 1, 2027, this agreement may not be modified or terminated without the approval of the International Fund’s Board of Trustees (the “Board”). This agreement will terminate automatically if the International Fund’s investment advisory agreement with the Adviser is terminated. |
|
| Expense Example [Heading] |
Example
|
| Expense Example Narrative [Text Block] |
This Example is intended to help you compare the cost of investing in the International Fund with the cost of investing in other mutual funds.
|
| Expense Example by, Year, Caption [Text] |
The Example assumes that you invest $10,000 in the International Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the operating expenses of the International Fund remain the same and the contractual agreement to limit expenses remains in effect only until April 1, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
| Expense Example, With Redemption [Table] |
| Class |
|
1 Year |
|
|
3 Years |
|
|
5 Years |
|
|
10 Years |
|
| Investor |
|
$ |
134 |
|
|
$ |
2,090 |
|
|
$ |
3,858 |
|
|
$ |
7,572 |
|
| Institutional |
|
$ |
106 |
|
|
$ |
1,034 |
|
|
$ |
1,973 |
|
|
$ |
4,366 |
|
|
| Portfolio Turnover [Heading] |
Portfolio Turnover
|
| Portfolio Turnover [Text Block] |
The International Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when International Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the International Fund’s performance. During the most recent fiscal year, the International Fund’s portfolio turnover rate was 109% of the average value of its portfolio.
|
| Portfolio Turnover, Rate |
109.00%
|
| Q3 ALL-SEASON SYSTEMATIC OPPORTUNITIES FUND |
|
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
FEES AND EXPENSES
|
| Expense Narrative [Text Block] |
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Systematic Opportunities Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
|
| Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] |
“Total Annual Fund Operating Expenses” will not correlate to the ratio of expenses to the average net assets in the Systematic Opportunities Fund’s Financial Highlights, because the Fund’s Financial Highlights do not reflect the Fund’s proportionate share of expenses of the underlying investment companies in which the Fund invests.
|
| Shareholder Fees [Table] |
|
Shareholder Fees (fees paid directly from your investment)
|
|
Institutional Class |
|
C Class |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
None |
|
None |
| Maximum Contingent Deferred Sales Charge (Load) |
|
None |
|
None |
| Redemption Fee |
|
None |
|
None |
|
| Annual Fund Operating Expenses [Table] |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) |
|
Institutional Class |
|
C Class |
| Management Fees |
|
1.00% |
|
1.00% |
| Distribution and/or Service (12b-1) Fees |
|
0.00% |
|
1.00% |
| Other Expenses |
|
0.26% |
|
0.70% |
| Acquired Fund Fees and Expenses |
|
0.07% |
|
0.07% |
| Total Annual Fund Operating Expenses(1) |
|
1.33% |
|
2.77% |
| Fee Recoupment Reimbursed(2) |
|
– |
|
0.01% |
| Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements(2)(3) |
|
1.33% |
|
2.78% |
| (1) |
“Total Annual Fund Operating Expenses” will not correlate to the ratio of expenses to the average net assets in the Systematic Opportunities Fund’s Financial Highlights, because the Fund’s Financial Highlights do not reflect the Fund’s proportionate share of expenses of the underlying investment companies in which the Fund invests. |
| (2) |
During the fiscal year ended November 30, 2025, the Adviser recouped $168 of prior years’ management fee reductions and expense reimbursements. |
| (3) |
Q3 Asset Management Corporation (the “Adviser”) has contractually agreed, until March 31, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (exclusive of brokerage costs; taxes; interest; borrowing costs such as interest and dividend expenses on securities sold short; costs to organize the Systematic Opportunities Fund; Acquired Fund fees and expenses; and extraordinary expenses such as litigation and merger or reorganization costs; and other expenses not incurred in the ordinary course of the Systematic Opportunities Fund’s business) to an amount not exceeding 2.79% of the C Class shares’ and 1.79% of the Institutional Class shares’, average daily net assets. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Systematic Opportunities Fund for a period of 3 years after the date on which such fees and expenses were incurred or waived, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to March 31, 2027, this agreement may not be modified or terminated without the approval of the Systematic Opportunities Fund’s Board of Trustees (the “Board”) of Ultimus Managers Trust (the “Trust”); provided, however, this agreement will terminate automatically as to the Systematic Opportunities Fund if the Systematic Opportunities Fund’s investment advisory agreement (the “Systematic Opportunities Fund’s Advisory Agreement”) with the Adviser is terminated. |
|
| Expense Example [Heading] |
Example
|
| Expense Example Narrative [Text Block] |
This Example is intended to help you compare the cost of investing in the Systematic Opportunities Fund with the cost of investing in other mutual funds.
|
| Expense Example by, Year, Caption [Text] |
The Example assumes that you invest $10,000 in the Systematic Opportunities Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year, the operating expenses of the Systematic Opportunities Fund remain the same and the contractual agreement to limit expenses remains in effect only until March 31, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
| Expense Example, With Redemption [Table] |
| |
|
1 Year |
|
|
3 Years |
|
|
5 Years |
|
|
10 Years |
|
| Institutional Class Shares |
|
$ |
135 |
|
|
$ |
421 |
|
|
$ |
729 |
|
|
$ |
1,601 |
|
| C Class Shares |
|
$ |
281 |
|
|
$ |
860 |
|
|
$ |
1,465 |
|
|
$ |
3,100 |
|
|
| Portfolio Turnover [Heading] |
Portfolio Turnover
|
| Portfolio Turnover [Text Block] |
The Systematic Opportunities Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Systematic Opportunities Fund’s performance. During the most recent fiscal year, the Systematic Opportunities Fund’s portfolio turnover rate was 147% of the average value of its portfolio.
|
| Portfolio Turnover, Rate |
147.00%
|
| Q3 ALL-SEASON TACTICAL FUND |
|
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
FEES AND EXPENSES
|
| Expense Narrative [Text Block] |
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Tactical Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
|
| Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] |
“Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expenses Reimbursement” will not correlate to the ratio of expenses to the average net assets in the Tactical Fund’s Financial Highlights because the Fund’s Financial Highlights do not reflect the Fund’s proportionate share of expenses of the underlying investment companies in which the Fund invests.
|
| Shareholder Fees [Table] |
|
Shareholder Fees (fees paid directly from your investment)
|
|
Institutional Class |
|
C Class |
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
|
None |
|
None |
| Maximum Contingent Deferred Sales Charge (Load) |
|
None |
|
None |
| Redemption Fee |
|
None |
|
None |
|
| Annual Fund Operating Expenses [Table] |
|
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
|
Institutional Class |
|
C Class |
| Management Fees |
|
1.00% |
|
1.00% |
| Distribution and/or Service (12b-1) Fees |
|
0.00% |
|
1.00% |
| Other Expenses |
|
0.82% |
|
1.53% |
| Interest and Dividend Expenses |
|
0.01% |
|
0.01% |
| Acquired Fund Fees and Expenses |
|
0.09% |
|
0.09% |
| Total Annual Fund Operating Expenses(1) |
|
1.92% |
|
3.63% |
| Less Management Fee Reductions and/or Expense Reimbursements(2) |
|
(0.00%) |
|
(0.59%) |
| Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements(1)(2) |
|
1.92% |
|
3.04% |
| (1) |
“Total Annual Fund Operating Expenses” and “Total Annual Fund Operating Expenses After Fee Reductions and/or Expenses Reimbursement” will not correlate to the ratio of expenses to the average net assets in the Tactical Fund’s Financial Highlights because the Fund’s Financial Highlights do not reflect the Fund’s proportionate share of expenses of the underlying investment companies in which the Fund invests. |
| (2) |
Q3 Asset Management Corporation (the “Adviser”) has contractually agreed, until March 31, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (exclusive of brokerage costs; taxes; interest; borrowing costs such as interest and dividend expenses on securities sold short; costs to organize the Tactical Fund; Acquired Fund fees and expenses; and extraordinary expenses such as litigation and merger or reorganization costs; and other expenses not incurred in the ordinary course of the Tactical Fund’s business;) to an amount not exceeding 2.94% of the C Class shares’, and 1.94% of the Institutional Class shares’, average daily net assets. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Tactical Fund for a period of 3 years after the date on which such fees and expenses were incurred or waived, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to March 31, 2027, this agreement may not be modified or terminated without the approval of the Tactical Fund’s Board of Trustees (the “Board”) of Ultimus Managers Trust (the “Trust”); provided, however, this agreement will terminate automatically as to the Tactical Fund if the Tactical Fund’s investment advisory agreement (the “Tactical Fund’s Advisory Agreement”) with the Adviser is terminated. |
|
| Expense Example [Heading] |
Example
|
| Expense Example Narrative [Text Block] |
This Example is intended to help you compare the cost of investing in the Tactical Fund with the cost of investing in other mutual funds.
|
| Expense Example by, Year, Caption [Text] |
The Example assumes that you invest $10,000 in the Tactical Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year, the operating expenses of the Tactical Fund remain the same and the contractual agreement to limit expenses remains in effect only until March 31, 2027. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
| Expense Example, With Redemption [Table] |
| |
|
1 Year |
|
|
3 Years |
|
|
5 Years |
|
|
10 Years |
|
| Institutional Class Shares |
|
$ |
195 |
|
|
$ |
603 |
|
|
$ |
1,037 |
|
|
$ |
2,243 |
|
| C Class Shares |
|
$ |
307 |
|
|
$ |
1,057 |
|
|
$ |
1,828 |
|
|
$ |
3,851 |
|
|
| Portfolio Turnover [Heading] |
Portfolio Turnover
|
| Portfolio Turnover [Text Block] |
The Tactical Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Tactical Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Tactical Fund’s performance. During the most recent fiscal year, the Tactical Fund’s portfolio turnover rate was 42% of the average value of its portfolio.
|
| Portfolio Turnover, Rate |
42.00%
|
| Q3 All-Season Active Rotation ETF |
|
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
FEES AND EXPENSES
|
| Expense Narrative [Text Block] |
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
|
| Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] |
Total Annual Fund Operating Expenses” will not correlate to the ratio of the expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses”.
|
| Operating Expenses Caption [Optional Text] |
Annual Fund Operating Expenses
(expenses that you pay each year as a percentage of the value of your investment)
|
| Annual Fund Operating Expenses [Table] |
| |
|
|
| Management Fees |
|
0.65% |
| Other Expenses |
|
0.50% |
| Interest and Dividend Expenses |
|
0.02% |
| Acquired Fund Fees and Expenses |
|
0.21% |
| Total Annual Fund Operating Expenses(1) |
|
1.38% |
| Less Management Fee Reductions and/or Expense Reimbursements(2) |
|
(0.06%) |
| Total Annual Operating Expenses after Fee Reductions and/or Expense Reimbursements(2) |
|
1.32% |
| (1) |
“Total Annual Fund Operating Expenses” will not correlate to the ratio of the expenses to the average net assets in the Fund’s Financial Highlights, which reflect the operating expenses of the Fund and do not include “Acquired Fund Fees and Expenses”. |
|
(2) |
Q3 Asset Management Corporation (the “Adviser”) has contractually agreed, until March 31, 2027, to reduce Management Fees and reimburse Other Expenses to the extent necessary to limit Total Annual Fund Operating Expenses (exclusive of brokerage costs; taxes; interest; borrowing costs such as interest and dividend expenses on securities sold short; costs to organize the Fund; Acquired Fund fees and expenses; and extraordinary expenses such as litigation and merger or reorganization costs; and other expenses not incurred in the ordinary course of the Fund’s business) to an amount not exceeding 1.09% of the Fund’s average daily net assets. Management Fee reductions and expense reimbursements by the Adviser are subject to repayment by the Fund for a period of 3 years after the date on which such fees and expenses were incurred or waived, provided that the repayments do not cause Total Annual Fund Operating Expenses (exclusive of such reductions and reimbursements) to exceed (i) the expense limitation then in effect, if any, and (ii) the expense limitation in effect at the time the expenses to be repaid were incurred. Prior to March 31, 2027, this agreement may not be modified or terminated without the approval of the Fund’s Board of Trustees (the “Board”) of Ultimus Managers Trust (the “Trust”); provided, however, this agreement will terminate automatically as to the Fund if the Fund’s investment advisory agreement with the Adviser is terminated. |
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| Expense Example [Heading] |
Example
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| Expense Example Narrative [Text Block] |
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other funds.
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| Expense Example by, Year, Caption [Text] |
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same and the contractual agreement to limit expenses remains in effect only until March 31, 2027. This example does not include brokerage commissions that you may pay to buy and sell Shares. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
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| Expense Example, With Redemption [Table] |
| 1 Year |
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3 Years |
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5 Years |
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10 Years |
| $134 |
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$431 |
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$750 |
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$1,652 |
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| Portfolio Turnover [Heading] |
Portfolio Turnover
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| Portfolio Turnover [Text Block] |
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in
a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example above, affect the Fund’s performance. This portfolio turnover rate excludes securities received or delivered from in-kind processing of creations or redemptions. During the most recent fiscal period, the Fund’s portfolio turnover rate was 674% of the average value of its portfolio.
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| Portfolio Turnover, Rate |
674.00%
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