# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-004753
**Filing Date:** 2025-11
**Character Count:** 15964
**Document Hash:** d6ce94c46647298d57efa993d2b79e84
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-004753.hdr.sgml**: 20251128

**ACCESSION NUMBER**: 0000910472-25-004753

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251128

**DATE AS OF CHANGE**: 20251128

**PERIOD START**: 20251231

**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:** 251532641

**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

### Q India Equity Fund (Series ID: S000088112)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000254163 | Q India Equity Fund Investor Class | QINRX           |
| C000254164 | Q India Equity Fund Class I        | QINIX           |
| C000254165 | Q India Equity Fund Class II       | QINSX           |

## Nport-Ex

Q

India

Equity

Fund

Schedule

of

Investments

September

30,

2025

(Unaudited)

COMMON

STOCKS

—

96.65%

Shares

Fair

Value

India

—

96.65%

Communications

—

3.03%

Bharti

Airtel

Ltd.

(a) 119

$

2,515

Consumer

Discretionary

—

11.69%

Bajaj

Auto

Ltd.

(a) 17

1,661

Crompton

Greaves

Consumer

Electricals

Ltd.

(a) 1,044

3,424

Hero

MotoCorp

Ltd.

4,622

9,707

Energy

—

2.57%

Exide

Industries

Ltd.

(a) 485

2,132

Financials

—

45.52%

Aditya

Birla

Sun

Life

Asset

Management

Co.

Ltd.

(a) 400

3,570

Axis

Bank

Ltd.

(a) 179

2,279

HDFC

Bank

Ltd.

(a) 480

5,142

ICICI

Bank

Ltd.

(a) 264

3,999

ICICI

Lombard

General

Insurance

Co.

Ltd.

(a) 170

3,614

ICICI

Prudential

Life

Insurance

Co.

Ltd.

(a) 587

3,932

IndusInd

Bank

Ltd.

(a) 200

1,656

Kotak

Mahindra

Bank

Ltd.

(a) 152

3,406

LIC

Housing

Finance

Ltd.

2,929

Shriram

Finance

Ltd.

(a) 33

Star

Health

&

Allied

Insurance

Co.

Ltd.

(a) 682

3,430

State

Bank

of

India

(a) 367

3,601

37,787

Health

Care

—

5.23%

Cipla

Ltd.

(a) 206

3,493

Dr

Reddy's

Laboratories

Ltd.

(a) 61

846

4,339

Industrials

—

1.50%

Container

Corporation

o

f

India

Ltd.

(a) 210

1,244

Materials

—

6.30%

Nuvoco

Vistas

Corp

Ltd.

(a) 763

3,606

Tata

Steel

Ltd.

(a) 857

1,629

5,235

Technology

—

14.00%

Infosys

Ltd.

(a) 214

3,479

Tata

Consultancy

Services

Ltd.

3,416

Tech

Mahindra

Ltd.

(a) 136

2,147

Wipro

Ltd.

(a) 956

2,578

11,620

Utilities

—

6.81%

GAIL

India

Ltd.

(a) 1,677

3,329

Gujarat

State

Petronet

Ltd.

(a) 666

2,321

5,650

Total

Common

Stocks

(Cost $80,489)

80,229

Q

India

Equity

Fund

Schedule

of

Investments

(continued)

September

30,

2025

(Unaudited)

MONEY

MARKET

FUNDS

—

39.75%

Shares

Fair

Value

U.S.

Bank

Money

Market

Deposit

Account,

3.31%

(b) 32,997

$

32,997

Total

Money

Market

Funds

(Cost

$32,997)

32,997

Total

Investments

—

136.40%

&nbsp;&nbsp;&nbsp;&nbsp;(Cost

$113,486)

113,226

Liabilities

in

Excess

of

Other

Assets — (36.40)%

(30,214)

NET

ASSETS

—

100.00%

$

83,012

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

September

30,

2025.

## 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:** Q INDIA EQUITY FUND

- **b. EDGAR series identifier (if any):** S000088112

- **c. LEI of Series:** 529900AUZ0JNAD0Q7779

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $176189.14

**Total Liabilities:** $93177.52

**Net Assets:** $83011.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254164 | -4.12%               | -0.49%               | -1.28%               |
| Class ID C000254165 | -4.12%               | -0.49%               | -1.18%               |
| Class ID C000254163 | -4.22%               | -0.49%               | -1.28%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-35.32                  | $-3890.43                                  |
| Month 2  | $129.64                  | $-557.28                                   |
| Month 3  | $0.00                    | $-1128.87                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Icici Lombard Gen Insurance Co Ltd         | ICICI Lombard General Insurance Co Ltd        | CUSIP: Y3R55N101<br>LEI: 335800ZZITZ7ZZZ2ZX87 | Long             | EC               | CORP              | IN        |       170 | NS      | $3613.54      | 4.35%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Cipla Ltd.                                 | Cipla Ltd/India                               | CUSIP: Y1633P142<br>LEI: 335800KMJJYEDDK82Q34 | Long             | EC               | CORP              | IN        |       206 | NS      | $3493.18      | 4.21%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                        | US BANK MMDA GLOBAL FUND SERVICES 4           | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |     32997 | PA      | $32997.32     | 39.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Gujarat State Petronet Limited             | Gujarat State Petronet Ltd                    | CUSIP: Y2947F101<br>LEI: 335800J69QRMS7KSSR96 | Long             | EC               | CORP              | IN        |       666 | NS      | $2321.13      | 2.80%             |  |  |  | No            |                  2 | On Loan: No      |
| Crompton Greaves Consumer Electricals Ltd. | Crompton Greaves Consumer Electricals Ltd     | CUSIP: Y1786D102<br>LEI: 335800DIIEEWMH3UDH51 | Long             | EC               | CORP              | IN        |      1044 | NS      | $3423.85      | 4.12%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd.                             | HDFC Bank Ltd                                 | CUSIP: Y3119P190<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |       480 | NS      | $5141.31      | 6.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Steel Ltd.                            | Tata Steel Ltd                                | CUSIP: Y8547N220<br>LEI: 335800E6C75YGSGD5T66 | Long             | EC               | CORP              | IN        |       857 | NS      | $1628.99      | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Dr. Reddy's Laboratories Ltd.              | Dr Reddy's Laboratories Ltd                   | CUSIP: Y21089191<br>LEI: 335800OVDPY3DVZR2798 | Long             | EC               | CORP              | IN        |        61 | NS      | $845.85       | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Shriram Finance Ltd.                       | Shriram Finance Ltd                           | CUSIP: Y775S1107<br>LEI: 335800TM2YO24B76XL26 | Long             | EC               | CORP              | IN        |        33 | NS      | $228.70       | 0.28%             |  |  |  | No            |                  2 | On Loan: No      |
| Tech Mahindra Ltd.                         | Tech Mahindra Ltd                             | CUSIP: Y85491127<br>LEI: 3358005FZUZ1I25XQH69 | Long             | EC               | CORP              | IN        |       136 | NS      | $2146.88      | 2.59%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Bank Ltd.                            | ICICI Bank Ltd                                | CUSIP: Y3860Z132<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |       264 | NS      | $3998.88      | 4.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Star Health & Allied Insurance Co Ltd.     | Star Health & Allied Insurance Co Ltd         | CUSIP: Y8152Z104<br>LEI: 335800P3BYVJE1S5SB43 | Long             | EC               | CORP              | IN        |       682 | NS      | $3429.78      | 4.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Hero Motocorp Ltd.                         | Hero MotoCorp Ltd                             | CUSIP: Y3194B108<br>LEI: 335800Q49FBMZJTRLK49 | Long             | EC               | CORP              | IN        |        75 | NS      | $4622.24      | 5.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Exide Industries Ltd.                      | Exide Industries Ltd                          | CUSIP: Y2383M131<br>LEI: 335800X6SNGIZCBA9V34 | Long             | EC               | CORP              | IN        |       485 | NS      | $2132.49      | 2.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Bajaj Auto Ltd.                            | Bajaj Auto Ltd                                | CUSIP: Y05490100<br>LEI: 335800DLAO5NCNN8G863 | Long             | EC               | CORP              | IN        |        17 | NS      | $1661.05      | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ICICI Prudential Life Insurance Co Ltd.    | ICICI Prudential Life Insurance Co Ltd        | CUSIP: Y3R595106<br>LEI: 2138006W2MGOSH69C607 | Long             | EC               | CORP              | IN        |       587 | NS      | $3933.11      | 4.74%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Bharti Airtel Ltd.                         | Bharti Airtel Ltd                             | CUSIP: Y0885K108<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |       119 | NS      | $2515.46      | 3.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Wipro Ltd.                                 | Wipro Ltd                                     | CUSIP: Y96659142<br>LEI: 335800IFS1IJHESG8362 | Long             | EC               | CORP              | IN        |       956 | NS      | $2577.90      | 3.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Nuvoco Vistas Corporation Limited          | Nuvoco Vistas Corp Ltd                        | CUSIP: Y5S75W101<br>LEI: 529900H865LY390TCZ45 | Long             | EC               | CORP              | IN        |       763 | NS      | $3605.62      | 4.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Gail India Ltd.                            | GAIL India Ltd                                | CUSIP: Y2R78N114<br>LEI: 335800N82LJD42ZA5L32 | Long             | EC               | CORP              | IN        |      1677 | NS      | $3328.42      | 4.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd.                               | Infosys Ltd                                   | CUSIP: Y4082C133<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |       214 | NS      | $3478.77      | 4.19%             |  |  |  | No            |                  2 | On Loan: No      |
| State Bank of India                        | State Bank of India                           | CUSIP: Y8155P103<br>LEI: 5493001JZ37UBBZF6L49 | Long             | EC               | CORP              | IN        |       367 | NS      | $3600.84      | 4.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Container Corporation of India Ltd.        | Container Corp Of India Ltd.                  | CUSIP: Y1740A152<br>LEI: 335800T2XH4HLGGQSJ32 | Long             | EC               | CORP              | IN        |       210 | NS      | $1243.55      | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| LIC Housing Finance Ltd.                   | LIC Housing Finance Ltd                       | CUSIP: Y5278Z133<br>LEI: 335800NFSMJ2ZKBCYP06 | Long             | EC               | CORP              | IN        |       461 | NS      | $2929.53      | 3.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Kotak Mahindra Bank Ltd.                   | Kotak Mahindra Bank Ltd                       | CUSIP: Y4964H150<br>LEI: 335800E6GTTXKHXE2I75 | Long             | EC               | CORP              | IN        |       152 | NS      | $3406.24      | 4.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Axis Bank Ltd.                             | Axis Bank Ltd                                 | CUSIP: Y0487S137<br>LEI: 549300HVNWMJPOFVNI41 | Long             | EC               | CORP              | IN        |       179 | NS      | $2279.16      | 2.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Aditya Birla Sun Life AMC Ltd.             | Aditya Birla Sun Life Asset Management Co Ltd | CUSIP: Y0R1KX610<br>LEI: 335800CFTZRVCC68CY55 | Long             | EC               | CORP              | IN        |       400 | NS      | $3569.80      | 4.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd.             | Tata Consultancy Services Ltd                 | CUSIP: Y85279100<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |       105 | NS      | $3415.88      | 4.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Indusind Bank Ltd.                         | IndusInd Bank Ltd                             | CUSIP: Y3990M134<br>LEI: 335800JDVJ8HSXG9G512 | Long             | EC               | CORP              | IN        |       200 | NS      | $1656.06      | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Unified Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer