# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-26-007212
**Filing Date:** 2026-5
**Character Count:** 26878
**Document Hash:** c06ec59f544a4e4f2a63aa2a33e64356
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-007212.hdr.sgml**: 20260526

**ACCESSION NUMBER**: 0000910472-26-007212

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260526

**DATE AS OF CHANGE**: 20260526

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIED SERIES TRUST
- **CENTRAL INDEX KEY:** 0001199046

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21237
- **FILM NUMBER:** 261017185

**BUSINESS ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-346-3324

**MAIL ADDRESS:**
- **STREET 1:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### ABSOLUTE FLEXIBLE FUND (Series ID: S000081740)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000244725 | INSTITUTIONAL SHARES | FLXIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Unified Series Trust

- **b. Investment Company Act file number:** 811-21237

- **c. CIK number of Registrant:** 0001199046

- **d. LEI of Registrant:** 549300NFHRL589EP7U13

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

**Item A.2. Information about the Series.**

- **a. Name of Series:** ABSOLUTE FLEXIBLE FUND

- **b. EDGAR series identifier (if any):** S000081740

- **c. LEI of Series:** 5493000NKQLZS3ZGQJ91

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2026-03-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $37782501.01

**Total Liabilities:** $5312077.07

**Net Assets:** $32470423.94

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244725 | 1.19%                | 0.18%                | -0.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $88452.23                | $208766.68                                 |
| Month 2  | $360763.43               | $-362877.31                                |
| Month 3  | $560476.16               | $-765122.77                                |

**Designated Index Information**

- **Index Name:** ICE BofA US Convertible Index TRexTC

- **Index Identifier:** VXA0-USD

### Schedule of Portfolio Investments

| Name                               | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| A10 Networks Inc                   | A10 Networks, Inc.                       | CUSIP: 002121101<br>LEI: 549300UQD4IWUML81Q35 | Short            | EC               | CORP              | US        |    -12700 | NS      | $-293624.00   | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| A10 Networks Inc                   | A10 Networks Inc.                        | CUSIP: 002121AA9<br>LEI: 549300UQD4IWUML81Q35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1192345.32   | 3.67%             | 2030-04-01      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| AST SpaceMobile Inc.               | AST SpaceMobile, Inc.                    | CUSIP: 00217D100<br>LEI: 254900MBSC9P2UCI6623 | Short            | EC               | CORP              | US        |     -6800 | NS      | $-563516.00   | -1.74%            |  |  |  | No            |                  1 | On Loan: No      |
| AST SpaceMobile Inc.               | AST SpaceMobile, Inc.                    | CUSIP: 00217DAG5<br>LEI: 254900MBSC9P2UCI6623 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $967000.00    | 2.98%             | 2036-04-15      | Fixed         | 2.25%                 | Yes           |                  2 | On Loan: No      |
| Accuray Inc.                       | Accuray, Inc.                            | CUSIP: 004397AK1<br>LEI: 549300G28LY4TZKZJG51 | Long             | DBT              | CORP              | US        |    450000 | PA      | $432005.73    | 1.33%             | 2026-06-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Alkami Technology Inc.             | Alkami Technology, Inc.                  | CUSIP: 01644J108<br>LEI: 254900FCNYU4HNEV9L47 | Short            | EC               | CORP              | US        |     -4600 | NS      | $-72082.00    | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Alkami Technology Inc.             | Alkami Technology Inc                    | CUSIP: 01644JAB4<br>LEI: 254900FCNYU4HNEV9L47 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $900700.00    | 2.77%             | 2030-03-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Bentley Systems Incorporated       | Bentley Systems, Inc.                    | CUSIP: 08265TAD1<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $951000.00    | 2.93%             | 2027-07-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Blackline Inc                      | BlackLine, Inc.                          | CUSIP: 09239B109<br>LEI: 529900P9N7PK9LV5EK56 | Short            | EC               | CORP              | US        |     -2000 | NS      | $-74000.00    | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackline Inc                      | BlackLine, Inc.                          | CUSIP: 09239BAF6<br>LEI: 529900P9N7PK9LV5EK56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $942250.00    | 2.90%             | 2029-06-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BlackSky Technology Inc            | BlackSky Technology, Inc.                | CUSIP: 09263B207<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -7600 | NS      | $-191216.00   | -0.59%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackSky Technology Inc            | BlackSky Technology, Inc.                | CUSIP: 09263BAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $603750.00    | 1.86%             | 2033-08-01      | Fixed         | 8.25%                 | Yes           |                  2 | On Loan: No      |
| Box Inc.                           | Box, Inc.                                | CUSIP: 10316TAD6<br>LEI: 549300KQUCPD8687YS68 | Long             | DBT              | CORP              | US        |    500000 | PA      | $459500.00    | 1.42%             | 2029-09-15      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Canadian Solar Inc                 | Canadian Solar, Inc.                     | CUSIP: 136635109<br>LEI: 5493001XSC6TKMBVOM15 | Short            | EC               | CORP              | CA        |    -20994 | NS      | $-290766.90   | -0.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Solar Inc                 | Canadian Solar, Inc.                     | CUSIP: 136635AK5<br>LEI: 5493001XSC6TKMBVOM15 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $796000.00    | 2.45%             | 2031-01-15      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| Cohu Inc                           | Cohu, Inc.                               | CUSIP: 192576106<br>LEI: 529900FJPORJ3JJ2XS33 | Short            | EC               | CORP              | US        |     -8954 | NS      | $-274171.48   | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Cohu Inc                           | Cohu Inc                                 | CUSIP: 192576AA4<br>LEI: 529900FJPORJ3JJ2XS33 | Long             | DBT              | CORP              | US        |    500000 | PA      | $673000.00    | 2.07%             | 2031-01-15      | Fixed         | 1.50%                 | Yes           |                  2 | On Loan: No      |
| Coinbase Global Inc                | Coinbase Global, Inc.                    | CUSIP: 19260Q107<br>LEI: 5493004G3J2SC154DU06 | Short            | EC               | CORP              | US        |      -350 | NS      | $-61113.50    | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Coinbase Global Inc                | Coinbase Global Inc                      | CUSIP: 19260QAG2<br>LEI: 5493004G3J2SC154DU06 | Long             | DBT              | CORP              | US        |    500000 | PA      | $439000.00    | 1.35%             | 2029-10-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| Commvault Systems Inc.             | Commvault Systems, Inc.                  | CUSIP: 204166AA0<br>LEI: 65T5VRP62VXG39YFML83 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $811000.00    | 2.50%             | 2030-09-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| CRISPR Therapeutics AG             | CRISPR Therapeutics AG                   | CUSIP: 226712AA5<br>LEI: 506700O6IRRIQLT3W370 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $245000.00    | 0.75%             | 2031-03-01      | Fixed         | 1.73%                 | Yes           |                  2 | On Loan: No      |
| Datadog Inc                        | Datadog, Inc.                            | CUSIP: 23804L103<br>LEI: 549300F6JNO0KRPO1K63 | Short            | EC               | CORP              | US        |     -1840 | NS      | $-217212.00   | -0.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Datadog Inc                        | Datadog Inc 0 12/01/29                   | CUSIP: 23804LAD5<br>LEI: 549300F6JNO0KRPO1K63 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970250.00    | 2.99%             | 2029-12-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Etsy Inc                           | Etsy, Inc.                               | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-149940.00   | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                           | Etsy, Inc.                               | CUSIP: 29786AAP1<br>LEI: 54930089Q7XT501AEA40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $483500.00    | 1.49%             | 2030-06-15      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| First American Funds Inc.          | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   1665841 | PA      | $1665841.12   | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| T1 Energy Inc.                     | T1 Energy, Inc.                          | CUSIP: 35834F104<br>LEI: 529900H0645VFXNMJ693 | Short            | EC               | CORP              | US        |   -104000 | NS      | $-456560.00   | -1.41%            |  |  |  | No            |                  1 | On Loan: No      |
| T1 Energy Inc.                     | T1 Energy, Inc.                          | CUSIP: 35834FAB0<br>LEI: 529900H0645VFXNMJ693 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1049660.56   | 3.23%             | 2030-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Inotiv Inc.                        | Inotiv, Inc.                             | CUSIP: 45783Q100<br>LEI: 549300FH5Z13X0Q5SK81 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-272.50      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Inotiv Inc.                        | Inotiv, Inc.                             | CUSIP: 45783QAB6<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | DBT              | CORP              | US        |    500000 | PA      | $120625.00    | 0.37%             | 2027-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Integer Holdings Corp.             | Integer Holdings Corp.                   | CUSIP: 45826HAD1<br>LEI: 549300SUD2ED5XG6X569 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958500.00    | 2.95%             | 2030-03-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| IREN Ltd.                          | IREN Ltd.                                | CUSIP: 46270CAE9<br>LEI: 254900FZF02RB3NNGB71 | Long             | DBT              | CORP              | AU        |   1000000 | PA      | $732050.00    | 2.25%             | 2031-07-01      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| LCI Industries                     | LCI Industries                           | CUSIP: 501812AB7<br>LEI: 549300E1B98YNJ1WIQ04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995700.00    | 3.07%             | 2026-05-15      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| Microchip Technology Incorporated  | Microchip Technology, Inc.               | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Short            | EC               | CORP              | US        |      -900 | NS      | $-58149.00    | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Incorporated  | Microchip Technology, Inc.               | CUSIP: 595017BM5<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $488625.00    | 1.50%             | 2030-02-15      | None          | 0.00%                 | Yes           |                  2 | On Loan: No      |
| NCL Corporation Ltd.               | NCL Corp Ltd.                            | CUSIP: 62886HBW0<br>LEI: UNZWILHE4KMRP9K2L524 | Long             | DBT              | CORP              | US        |    500000 | PA      | $465114.83    | 1.43%             | 2030-09-15      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| ON Semiconductor Corp.             | ON Semiconductor Corporation             | CUSIP: 682189105<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Short            | EC               | CORP              | US        |     -2900 | NS      | $-179568.00   | -0.55%            |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp.             | ON Semiconductor Corp.                   | CUSIP: 682189AU9<br>LEI: ZV20P4CNJVT8V1ZGJ064 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $980000.00    | 3.02%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                       | Oracle Corporation                       | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Short            | EC               | CORP              | US        |     -1000 | NS      | $-147110.00   | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                       | Oracle Corporation Series D              | CUSIP: 68389X204<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EP               | CORP              | US        |     10000 | NS      | $450100.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences Inc             | Pacira BioSciences, Inc.                 | CUSIP: 695127100<br>LEI: 549300P56LERYBDHCF69 | Short            | EC               | CORP              | US        |     -4400 | NS      | $-99440.00    | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Pacira Biosciences Inc             | Pacira BioSciences, Inc.                 | CUSIP: 695127AJ9<br>LEI: 549300P56LERYBDHCF69 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $965700.00    | 2.97%             | 2029-05-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Parsons Corporation                | Parsons Corporation                      | CUSIP: 70202L102<br>LEI: 549300ZXH0VRBSEPX752 | Short            | EC               | CORP              | US        |     -3000 | NS      | $-162510.00   | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corporation                | Parsons Corp.                            | CUSIP: 70202LAD4<br>LEI: 549300ZXH0VRBSEPX752 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986500.00    | 3.04%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Penguin Solutions Inc              | Penguin Solutions, Inc.                  | CUSIP: 706915105<br>LEI: 254900DVWIPOY3GJ8E23 | Short            | EC               | CORP              | US        |    -16000 | NS      | $-281600.00   | -0.87%            |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.            | Progress Software Corporation            | CUSIP: 743312100<br>LEI: 549300R65B3JG6972S24 | Short            | EC               | CORP              | US        |      -900 | NS      | $-23085.00    | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Progress Software Corp.            | Progress Software Corp.                  | CUSIP: 743312AD2<br>LEI: 549300R65B3JG6972S24 | Long             | DBT              | CORP              | US        |    500000 | PA      | $445450.00    | 1.37%             | 2030-03-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Rapid7 Inc.                        | Rapid7 Inc                               | CUSIP: 753422AF1<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |   1123000 | PA      | $1060112.19   | 3.26%             | 2027-03-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| Repligen Corporation               | Repligen Corporation                     | CUSIP: 759916109<br>LEI: 54930006QJ0T5AUO1E71 | Short            | EC               | CORP              | US        |     -1500 | NS      | $-176730.00   | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Repligen Corporation               | Repligen Corp.                           | CUSIP: 759916AD1<br>LEI: 54930006QJ0T5AUO1E71 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $977000.00    | 3.01%             | 2028-12-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Penguin Solutions Inc              | Penguin Solutions, Inc                   | CUSIP: 83205YAE4<br>LEI: 254900DVWIPOY3GJ8E23 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007539.35   | 3.10%             | 2030-08-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Terawulf Inc                       | Terawulf, Inc.                           | CUSIP: 88080T104<br>LEI: 254900CVMW1SX2T78A64 | Short            | EC               | CORP              | US        |    -29500 | NS      | $-425685.00   | -1.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Terawulf Inc                       | TERAWULF INC                             | CUSIP: 88080TAC8<br>LEI: 254900CVMW1SX2T78A64 | Long             | DBT              | CORP              | US        |    500000 | PA      | $694500.00    | 2.14%             | 2031-09-01      | Fixed         | 1.00%                 | Yes           |                  2 | On Loan: No      |
| Tetra Tech Inc                     | Tetra Tech, Inc.                         | CUSIP: 88162G103<br>LEI: 549300UJ1LP7JGJC5P32 | Short            | EC               | CORP              | US        |     -7725 | NS      | $-232677.00   | -0.72%            |  |  |  | No            |                  1 | On Loan: No      |
| Tetra Tech Inc                     | Tetra Tech, Inc.                         | CUSIP: 88162GAB9<br>LEI: 549300UJ1LP7JGJC5P32 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1049150.00   | 3.23%             | 2028-08-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Unity Software Inc                 | Unity Software, Inc.                     | CUSIP: 91332U101<br>LEI: 549300D1ESJMGNQNG432 | Short            | EC               | CORP              | US        |     -8000 | NS      | $-175520.00   | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Unity Software Inc                 | Unity Software, Inc.                     | CUSIP: 91332UAH4<br>LEI: 549300D1ESJMGNQNG432 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998100.00    | 3.07%             | 2030-03-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Varonis Systems Inc                | Varonis Systems, Inc.                    | CUSIP: 922280AD4<br>LEI: 549300SHIVNRRH7STS26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $874870.82    | 2.69%             | 2029-09-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Workiva Inc                        | Workvia, Inc.                            | CUSIP: 98139AAD7<br>LEI: 529900RTOQ8GRWHY1O58 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $938750.00    | 2.89%             | 2028-08-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Xometry Inc                        | Xometry, Inc.                            | CUSIP: 98423F109<br>LEI: 5493006JFRGU7YRRXE44 | Short            | EC               | CORP              | US        |     -5000 | NS      | $-204200.00   | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Xometry Inc                        | Xometry, Inc.                            | CUSIP: 98423FAB5<br>LEI: 5493006JFRGU7YRRXE44 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1072500.00   | 3.30%             | 2027-02-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Zoetis Inc.                        | Zoetis, Inc.                             | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Short            | EC               | CORP              | US        |      -700 | NS      | $-82747.00    | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc.                        | Zoetis Inc                               | CUSIP: 98978VAY9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $995000.00    | 3.06%             | 2029-06-15      | Fixed         | 0.25%                 | Yes           |                  2 | On Loan: No      |
| Norwegian Cruise Line Holdings Ltd | Norwegian Cruise Line Holdings Ltd.      | CUSIP: G66721104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -4400 | NS      | $-82280.00    | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| IREN Ltd.                          | IREN Ltd.                                | CUSIP: Q4982L109<br>LEI: 254900FZF02RB3NNGB71 | Short            | EC               | CORP              | AU        |     -7300 | NS      | $-250244.00   | -0.77%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** United Series Trust

**Signature:** Martin R. Dean

**Name of Signer:** Martin R. Dean

**Title:** President