# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-25-183323
**Filing Date:** 2025-7
**Character Count:** 64110
**Document Hash:** 03070f66423265ab018b07a6d1f218c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-183323.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001752724-25-183323

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250730

**PERIOD START**: 20250831

**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:** 251164942

**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

### FI Institutional Group All Foreign Equity Environmental and Social Values Fund (Series ID: S000066743)

| Class ID   | Class Name                                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000215070 | FI Institutional Group All Foreign Equity Environmental and Social Values Fund | IAFEX           |

## Nport-Ex

FI

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.15%

Shares

Fair

Value

Argentina

—

1.15%

Consumer

Discretionary

—

1.15%

MercadoLibre,

Inc.

(a) 1

$

2,564

Total

Argentina

2,564

Australia

—

1.11%

Technology

—

1.11%

XERO

Ltd.

(a) 21

2,495

Total

Australia

2,495

Austria

—

0.54%

Financials

—

0.54%

Erste

Group

Bank

AG

(a) 15

1,207

Total

Austria

1,207

Brazil

—

2.97%

Financials

—

2.97%

Banco

Bradesco

SA

-

ADR

932

2,684

Itau

Unibanco

Holding

SA

-

ADR

600

3,954

6,638

Total

Brazil

6,638

Canada

—

2.69%

Financials

—

1.30%

Royal

Bank

of

Canada

2,913

Industrials

—

1.39%

Canadian

Pacific

Kansas

City

Ltd.

3,103

Total

Canada

6,016

China

—

9.63%

Communications

—

3.24%

NetEase,

Inc.

-

ADR

2,800

Tencent

Holdings

Ltd.

-

ADR

4,457

7,257

Consumer

Discretionary

—

4.90%

Alibaba

Group

Holding

Ltd.

-

ADR

3,416

Geely

Automobile

Holdings

Ltd.

1,046

2,350

Haier

Smart

Home

Company

Ltd.,

H

Shares

(a) 550

1,613

JD.com,

Inc.

-

ADR

1,685

Meituan

-

ADR

(a) 55

1,901

10,965

Consumer

Staples

—

0.69%

China

Mengniu

Dairy

Co.

Ltd.

682

1,538

Financials

—

0.80%

Ping

An

Insurance

(Group)

Company

of

China

Ltd.,

H

Shares

1,795

Total

China

21,555

FI

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.15%

-

continued

Shares

Fair

Value

Denmark

—

2.53%

Energy

—

0.46%

Vestas

Wind

Systems

A/S

(a) 65

$

1,026

Health

Care

—

2.07%

Coloplast

A/S

-

ADR

(a) 51

Novo

Nordisk

A/S,

Class

B

4,144

4,634

Total

Denmark

5,660

France

—

16.01%

Consumer

Discretionary

—

4.29%

Cia

Generale

de

Establissements

Michelin

SCA

1,339

Hermes

International

SA

8,272

9,611

Consumer

Staples

—

1.32%

L'Oreal

SA

2,960

Financials

—

3.42%

BNP

Paribas

SA

2,278

Credit

Agricole

SA

2,121

Societe

Generale

SA

3,260

7,659

Health

Care

—

1.33%

Sanofi

2,982

Industrials

—

1.89%

Aeroports

de

Paris

2,548

Vinci

SA

-

ADR

1,683

4,231

Materials

—

2.91%

Cie

de

Saint-Gobain

6,510

Technology

—

0.85%

Dassault

Systems

SE

1,911

Total

France

35,864

Germany

—

8.70%

Communications

—

1.00%

Deutsche

Telekom

AG

(a) 59

2,230

Consumer

Staples

—

1.34%

Beiersdorf

AG

3,014

Financials

—

1.01%

Deutsche

Boerse

AG

2,254

Industrials

—

3.45%

Deutsche

Post

AG

3,174

Siemens

AG

4,570

7,744

FI

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.15%

-

continued

Shares

Fair

Value

Germany

—

8.70%

-

continued

Technology

—

1.90%

SAP

SE

$

4,227

Total

Germany

19,469

India

—

2.11%

Financials

—

1.28%

HDFC

Bank

Ltd.

-

ADR

2,865

Technology

—

0.83%

Infosys

Ltd.

-

ADR

1,855

Total

India

4,720

Indonesia

—

0.57%

Financials

—

0.57%

Bank

Rakyat

Indonesia

Persero

Tbk

PT

-

ADR

1,271

Total

Indonesia

1,271

Italy

—

3.93%

Energy

—

1.52%

Eni

SpA

3,403

Financials

—

2.41%

Intesa

Sanpaolo

SpA

2,699

UniCredit

SpA

2,698

5,397

Total

Italy

8,800

Japan

—

12.13%

Consumer

Staples

—

0.80%

Mitsubishi

Corporation

-

ADR

(a) 88

1,781

Financials

—

7.60%

Mitsubishi

UFJ

Financial

Group,

Inc.

-

ADR

5,507

Mizuho

Financial

Group,

Inc.

2,782

Nomura

Holdings,

Inc.

-

ADR

608

3,703

Sumitomo

Mitsui

Financial

Group,

Inc.

-

ADR

5,054

17,046

Industrials

—

2.42%

Daifuku

Co.

Ltd.

-

ADR

1,259

FANUC

Corp.

-

ADR

775

Keyence

Corp.

3,377

5,411

Technology

—

1.31%

Sony

Group

Corp.

-

ADR

2,928

Total

Japan

27,166

FI

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.15%

-

continued

Shares

Fair

Value

Korea

(Republic

of)

—

1.45%

Technology

—

1.45%

Samsung

Electronics

Co.

Ltd.

$

3,256

Total

Korea

(Republic

of)

3,256

Netherlands

—

4.76%

Financials

—

1.17%

ING

Groep

NV

2,609

Technology

—

3.59%

ASML

Holding

NV

5,198

Wolters

Kluwer

NV

2,840

8,038

Total

Netherlands

10,647

Norway

—

1.33%

Energy

—

1.33%

Equinor

ASA

2,980

Total

Norway

2,980

Poland

—

0.96%

Financials

—

0.96%

Bank

Polska

Kasa

Opieki

SA

(a) 22

1,084

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

1,067

2,151

Total

Poland

2,151

Spain

—

3.73%

Consumer

Discretionary

—

1.02%

Industria

de

Diseno

Textil

SA

2,276

Energy

—

1.32%

Repsol

SA

2,962

Financials

—

1.39%

Banco

Santander

SA

3,130

Total

Spain

8,368

Sweden

—

1.03%

Industrials

—

1.03%

Atlas

Copco

AB

2,312

Total

Sweden

2,312

Switzerland

—

5.74%

Financials

—

0.87%

UBS

Group

AG

(a) 61

1,942

Health

Care

—

3.28%

Novartis

AG

4,458

Roche

Holding

AG

2,905

7,363

FI

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.15%

-

continued

Shares

Fair

Value

Switzerland

—

5.74%

-

continued

Industrials

—

1.59%

ABB

Ltd.

$

3,562

Total

Switzerland

12,867

Taiwan

Province

of

China

—

2.93%

Technology

—

2.93%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

6,573

Total

Taiwan

Province

of

China

6,573

United

Kingdom

—

14.15%

Consumer

Discretionary

—

1.23%

Next

PLC

2,773

Consumer

Staples

—

2.23%

Coca-Cola

European

Partners

PLC

3,488

Reckitt

Benckiser

Group

PLC

1,492

4,980

Energy

—

1.50%

BP

PLC

691

3,349

Financials

—

1.63%

Barclays

PLC

831

3,667

Health

Care

—

1.94%

AstraZeneca

PLC

4,333

Materials

—

3.47%

Anglo

American

PLC

2,852

Antofagasta

PLC

4,914

7,766

Technology

—

2.15%

Experian

PLC

4,827

Total

United

Kingdom

31,695

Total

Common

Stocks

(Cost $168,937)

224,274

MONEY

MARKET

FUNDS

-

1.16%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 2,590

2,590

Total

Money

Market

Funds

(Cost

$2,590)

2,590

Total

Investments

—

101.31%

(Cost

$171,527)

226,864

Liabilities

in

Excess

of

Other

Assets — (1.31)%

(2,937)

NET

ASSETS

—

100.00%

$

223,927

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. ADR

-

American

Depositary

Receipt

FI

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.54%

Shares

Fair

Value

Communications

—

5.55%

Alphabet,

Inc.,

Class

A

$

9,274

Netflix,

Inc.

(a) 6

7,243

16,517

Consumer

Discretionary

—

10.44%

Amazon.com,

Inc.

(a) 58

11,891

Dick's

Sporting

Goods,

Inc.

1,435

Home

Depot,

Inc.

(The)

8,470

KB

Home

3,250

Ralph

Lauren

Corp.

4,152

Yum!

Brands,

Inc.

1,871

31,069

Consumer

Staples

—

2.84%

Costco

Wholesale

Corp.

3,121

General

Mills,

Inc.

1,248

Kimberly-Clark

Corp.

863

Procter

&

Gamble

Co.

(The)

3,227

8,459

Energy

—

4.24%

Baker

Hughes

Co.

3,890

EOG

Resources,

Inc.

3,800

Halliburton

Co.

1,861

Schlumberger

Ltd.

3,074

12,625

Financials

—

20.41%

American

Express

Co.

7,351

Bank

of

America

Corp.

5,649

BlackRock,

Inc.

4,900

Charles

Schwab

Corp.

(The)

1,943

Citigroup,

Inc.

5,272

Goldman

Sachs

Group,

Inc.

(The)

7,205

Jefferies

Financial

Group,

Inc.

3,305

JPMorgan

Chase

&

Co.

7,656

Morgan

Stanley

4,353

T. Rowe

Price

Group,

Inc.

2,527

U.S.

Bancorp

4,359

Visa,

Inc.,

Class

A

6,208

60,728

Health

Care

—

12.95%

Abbott

Laboratories

2,939

AbbVie,

Inc.

2,978

Amgen,

Inc.

3,170

Biogen,

Inc.

(a) 25

3,245

Eli

Lilly

&

Co.

5,163

Intuitive

Surgical,

Inc.

(a) 15

8,285

Johnson

&

Johnson

4,345

FI

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.54%

-

continued

Shares

Fair

Value

Health

Care

—

12.95%

-

continued

Medtronic

PLC

$

1,328

Merck

&

Co.,

Inc.

3,227

Pfizer,

Inc.

2,326

UnitedHealth

Group,

Inc.

1,510

Viatris,

Inc.

38,525

Industrials

—

11.91%

Acuity

Brands,

Inc.

2,079

Caterpillar,

Inc.

3,828

Cummins,

Inc.

3,215

Eaton

Corp.

PLC

3,843

Emerson

Electric

Co.

3,820

Flowserve

Corp.

2,146

HEICO

Corp.

4,195

Norfolk

Southern

Corp.

3,212

Otis

Worldwide

Corp.

2,479

Rockwell

Automation,

Inc.

5,049

United

Parcel

Service,

Inc.,

Class

B

1,561

35,427

Materials

—

1.18%

Nucor

Corp.

3,500

Technology

—

30.02%

Adobe,

Inc.

(a) 8

3,321

Advanced

Micro

Devices,

Inc.

(a) 23

2,547

Apple,

Inc.

18,679

Autodesk,

Inc.

(a) 10

2,961

KLA-Tencor

Corp.

1,514

Marvell

Technology,

Inc.

2,408

Microsoft

Corp.

22,557

NVIDIA

Corp.

23,242

Oracle

Corp.

3,642

QUALCOMM,

Inc.

2,904

Salesforce,

Inc.

5,572

89,347

Total

Common

Stocks (Cost $194,187)

296,197

MONEY

MARKET

FUNDS

—

0.55%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 1,625

1,625

Total

Money

Market

Funds

(Cost

$1,625)

1,625

Total

Investments

—

100.09%

(Cost

$195,812)

297,822

Liabilities

in

Excess

of

Other

Assets — (0.09)%

(270) NET

ASSETS

—

100.00%

$

297,552

FI

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. FI

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.46%

Shares

Fair

Value

Consumer

Discretionary

—

13.74%

Abercrombie

&

Fitch

Co.,

Class

A

(a) 40

$

3,140

Brinker

International,

Inc.

(a) 14

2,417

Builders

FirstSource,

Inc.

(a) 34

3,661

KB

Home

1,857

M/I

Homes,

Inc.

(a) 38

4,051

Pool

Corp.

1,503

Shake

Shack,

Inc.,

Class

A

(a) 34

4,413

Taylor

Morrison

Home

Corp.

(a) 46

2,589

Urban

Outfitters,

Inc.

(a) 36

2,516

26,147

Consumer

Staples

—

1.72%

Boston

Beer

Company,

Inc.

(The),

Class

A

(a) 8

1,839

Freshpet,

Inc.

(a) 18

1,443

3,282

Energy

—

4.32%

Helmerich

&

Payne,

Inc.

Matador

Resources

Co.

1,720

Murphy

Oil

Corp.

1,486

Oceaneering

International,

Inc.

(a) 115

2,193

Ovintiv,

Inc.

2,329

8,216

Financials

—

23.34%

Cadence

Bank

3,606

Columbia

Banking

System,

Inc.

2,595

Evercore

Partners,

Inc.,

Class

A

4,398

First

Merchants

Corp.

3,280

Fulton

Financial

Corp.

2,070

Hancock

Whitney

Corporation

2,132

Home

BancShares,

Inc.

3,112

Independent

Bank

Corp.

2,891

Moelis

&

Co.,

Class

A

2,227

Old

National

Bancorp

3,212

Piper

Sandler

Companies

4,778

Simmons

First

National

Corp.,

Class

A

2,026

South

State

Corp.

2,634

Stifel

Financial

Corp.

2,450

Victory

Capital

Holdings,

Inc.

1,984

Virtus

Investment

Partners,

Inc.

1,024

44,419

Health

Care

—

16.91%

Acadia

Pharmaceuticals,

Inc.

(a) 42

906

Agios

Pharmaceuticals,

Inc.

(a) 44

1,412

Align

Technology,

Inc.

(a) 9

1,628

Alkermes

PLC

(a) 29

888

Arcus

Biosciences,

Inc.

(a) 84

750

FI

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.46%

-

continued

Shares

Fair

Value

Health

Care

—

16.91%

-

continued

Arrowhead

Pharmaceuticals,

Inc.

(a) 32

$

514

Azenta,

Inc.

(a) 26

695

BioCryst

Pharmaceuticals,

Inc.

(a) 74

796

Blueprint

Medicines

Corp.

(a) 12

1,216

Celldex

Therapeutics,

Inc.

(a) 43

851

CONMED

Corp.

3,065

Crinetics

Pharmaceuticals,

Inc.

(a) 21

641

Cytokinetics,

Inc.

(a) 27

838

Day

One

Biopharmaceuticals,

Inc.

(a) 88

561

Denali

Therapeutics,

Inc.

(a) 58

768

Exact

Sciences

Corp.

(a) 13

732

Haemonetics

Corp.

(a) 27

1,828

Halozyme

Therapeutics,

Inc.

(a) 30

1,682

Ideaya

Biosciences,

Inc.

(a) 43

855

Kiniksa

Pharmaceuticals

International

PLC

(a) 50

1,368

Ligand

Pharmaceuticals,

Inc.,

Class

B

(a) 13

1,328

Medpace

Holdings,

Inc.

(a) 8

2,359

Neurocrine

Biosciences,

Inc.

(a) 6

738

Nuvalent,

Inc.,

Class

A

(a) 12

895

OmniAb,

Inc.

-

Earnout

Shares

(a)(b) 4

—

OmniAb,

Inc.

-

Earnout

Shares

(a)(b) 4

—

Vericel

Corp.

(a) 25

1,032

Viridian

Therapeutics,

Inc.

(a) 56

780

WillScot

Mobile

Mini

Holdings

Corp.

(a) 113

3,045

32,171

Industrials

—

22.74%

AeroVironment,

Inc.

(a) 20

3,560

Cactus,

Inc.,

Class

A

3,526

Casella

Waste

Systems,

Inc.,

Class

A

(a) 22

2,579

Chart

Industries,

Inc.

(a) 19

2,980

Columbus

McKinnon

Corp.

990

Dayforce,

Inc.

(a) 24

1,418

HEICO

Corp.

1,798

Herc

Holdings,

Inc.

2,356

Lincoln

Electric

Holdings,

Inc.

2,904

Mercury

Systems,

Inc.

(a) 51

2,512

Montrose

Environmental

Group,

Inc.

(a) 51

996

MYR

Group,

Inc.

(a) 27

4,235

Paycom

Software,

Inc.

2,073

Paylocity

Holdings

Corp.

(a) 29

5,536

Powell

Industries,

Inc.

2,374

Terex

Corp.

3,421

43,258

Materials

—

3.81%

Cleveland-Cliffs,

Inc.

(a) 97

566

UFP

Industries,

Inc.

2,927

FI

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

100.46%

-

continued

Shares

Fair

Value

Materials

—

3.81%

-

continued

Worthington

Industries,

Inc.

$

3,180

Worthington

Steel,

Inc.

573

7,246

Real

Estate

—

1.29%

Macerich

Co.

(The)

2,459

Technology

—

12.59%

Advanced

Energy

Industries,

Inc.

5,509

Alarm.com

Holdings,

Inc.

(a) 37

2,124

Amkor

Technology,

Inc.

1,333

Box,

Inc.,

Class

A

(a) 89

3,367

Donnelley

Financial

Solutions,

Inc.

(a) 38

2,070

Five9,

Inc.

(a) 36

954

Manhattan

Associates,

Inc.

(a) 11

2,077

Qualys,

Inc.

(a) 14

1,940

SPS

Commerce,

Inc.

(a) 15

2,111

Tenable

Holdings,

Inc.

(a) 50

1,611

Veeco

Instruments,

Inc.

(a) 44

850

23,946

Total

Common

Stocks (Cost $163,666)

191,144

MONEY

MARKET

FUNDS

—

0.28%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(c) 526

526

Total

Money

Market

Funds

(Cost

$526)

526

Total

Investments

—

100.74%

(Cost

$164,192)

191,670

Liabilities

in

Excess

of

Other

Assets — (0.74)%

(1,409)

NET

ASSETS

—

100.00%

$

190,261

(a) Non-income

producing

security.

(b) Security

is

currently

being

valued

according

to

the

fair

value

procedures

of

the

Adviser,

as

Valuation

Designee,

under

oversight

of

the

Board's

Pricing

&

Liquidity

Committee.

(c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. FI

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.48%

Shares

Fair

Value

Australia

—

0.45%

Materials

—

0.45%

BHP

Group

Ltd.

$

641

Rio

Tinto

Ltd.

726

1,367

Total

Australia

1,367

Brazil

—

0.90%

Financials

—

0.78%

Banco

Bradesco

SA

-

ADR

1,028

Itau

Unibanco

Holding

SA

-

ADR

1,325

2,353

Materials

—

0.12%

Vale

SA

-

ADR

Total

Brazil

2,700

Canada

—

2.38%

Energy

—

0.34%

Suncor

Energy,

Inc.

1,031

Industrials

—

0.70%

Canadian

Pacific

Kansas

City

Ltd.

2,123

Materials

—

1.34%

Hudbay

Minerals,

Inc.

2,070

Lundin

Mining

Corp.

1,969

4,039

Total

Canada

7,193

China

—

4.06%

Communications

—

0.81%

Tencent

Holdings

Ltd.

-

ADR

2,448

Consumer

Discretionary

—

1.48%

Alibaba

Group

Holding

Ltd.

-

ADR

2,391

Meituan

Dianping

(a) 118

2,077

4,468

Financials

—

1.62%

CITIC

Securities

Co.,

Ltd.

(a) 1,136

2,880

Ping

An

Insurance

(Group)

Company

of

China

Ltd.,

H

Shares

2,007

4,887

Health

Care

—

0.15%

Sino

Biopharmaceutical

Ltd.

-

ADR

Total

China

12,242

Denmark

—

0.34%

Industrials

—

0.34%

FLSmidth

&

Co.

A/S

(a) 18

1,040

Total

Denmark

1,040

FI

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.48%

-

continued

Shares

Fair

Value

Finland

—

0.30%

Industrials

—

0.30%

Valmet

Oyj

(a) 28

$

914

Total

Finland

914

France

—

2.20%

Consumer

Discretionary

—

0.47%

Kering

SA

-

ADR

1,413

Energy

—

0.51%

TotalEnergies

SE

1,525

Financials

—

0.67%

BNP

Paribas

SA

2,015

Technology

—

0.55%

Dassault

Systems

SE

1,649

Total

France

6,602

Germany

—

3.52%

Consumer

Discretionary

—

1.18%

adidas

AG

2,991

Sixt

SE

570

3,561

Industrials

—

2.34%

MTU

Aero

Engines

AG

3,184

Siemens

AG

3,848

7,032

Total

Germany

10,593

India

—

0.39%

Technology

—

0.39%

Infosys

Ltd.

-

ADR

1,182

Total

India

1,182

Italy

—

1.73%

Energy

—

0.49%

Eni

SpA

1,488

Financials

—

1.24%

Intesa

Sanpaolo

SpA

672

3,747

Total

Italy

5,235

Japan

—

2.23%

Financials

—

0.53%

Sumitomo

Mitsui

Financial

Group,

Inc.

-

ADR

1,603

Industrials

—

1.70%

Daifuku

Co.

Ltd.

-

ADR

1,126

FANUC

Corp.

-

ADR

1,323

SMC

Corp.

-

ADR

1,841

FI

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.48%

-

continued

Shares

Fair

Value

Japan

—

2.23%

-

continued

Industrials

—

1.70%

-

continued

Yaskawa

Electric

Corp.

-

ADR

(a) 18

$

843

5,133

Total

Japan

6,736

Netherlands

—

1.88%

Financials

—

0.65%

ING

Groep

NV

(a) 93

1,973

Technology

—

1.23%

ASML

Holding

NV

3,713

Total

Netherlands

5,686

Spain

—

2.50%

Financials

—

2.50%

Banco

Bilbao

Vizcaya

Argentaria

SA

3,750

Banco

Santander

SA

3,824

7,574

Total

Spain

7,574

Switzerland

—

2.02%

Financials

—

1.00%

UBS

Group

AG

(a) 94

2,992

Health

Care

—

1.02%

Novartis

AG

3,086

Total

Switzerland

6,078

Taiwan

Province

of

China

—

3.27%

Technology

—

3.27%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

9,859

Total

Taiwan

Province

of

China

9,859

United

Kingdom

—

3.28%

Energy

—

1.25%

BP

PLC

1,202

Shell

PLC

2,556

3,758

Health

Care

—

2.03%

AstraZeneca

PLC

3,178

GSK

PLC

2,965

6,143

Total

United

Kingdom

9,901

United

States

—

68.03%

Communications

—

6.39%

Alphabet,

Inc.,

Class

A

9,103

Meta

Platforms,

Inc.,

Class

A

7,770

FI

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.48%

-

continued

Shares

Fair

Value

United

States

—

68.03%

-

continued

Communications

—

6.39%

-

continued

Netflix,

Inc.

(a) 2

$

2,414

19,287

Consumer

Discretionary

—

5.37%

Amazon.com,

Inc.

(a) 40

8,199

Home

Depot,

Inc.

(The)

2,946

Starbucks

Corp.

1,091

Toll

Brothers,

Inc.

3,962

16,198

Consumer

Staples

—

6.28%

Coca-Cola

Co.

(The)

3,028

Costco

Wholesale

Corp.

5,201

PepsiCo,

Inc.

1,709

Procter

&

Gamble

Co.

(The)

3,568

Walmart,

Inc.

5,429

18,935

Energy

—

3.19%

Chevron

Corp.

4,101

ConocoPhillips

939

Exxon

Mobil

Corp.

4,603

9,643

Financials

—

11.07%

American

Express

Co.

3,823

Bank

of

America

Corp.

2,957

BlackRock,

Inc.

2,940

Citigroup,

Inc.

3,163

Goldman

Sachs

Group,

Inc.

(The)

3,002

Invesco

Ltd.

752

Jefferies

Financial

Group,

Inc.

1,215

JPMorgan

Chase

&

Co.

3,696

MasterCard,

Inc.,

Class

A

3,514

Morgan

Stanley

3,713

T. Rowe

Price

Group,

Inc.

936

Visa,

Inc.,

Class

A

3,652

33,363

Health

Care

—

8.50%

Abbott

Laboratories

1,202

Danaher

Corp.

950

Eli

Lilly

&

Co.

5,900

Exact

Sciences

Corp.

(a) 14

788

Intuitive

Surgical,

Inc.

(a) 9

4,971

Johnson

&

Johnson

2,173

Merck

&

Co.,

Inc.

2,459

Pfizer,

Inc.

2,678

PTC

Therapeutics,

Inc.

(a) 15

728

Sarepta

Therapeutics,

Inc.

(a) 28

1,053

FI

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.48%

-

continued

Shares

Fair

Value

United

States

—

68.03%

-

continued

Health

Care

—

8.50%

-

continued

Thermo

Fisher

Scientific,

Inc.

$

1,208

UnitedHealth

Group,

Inc.

1,510

25,620

Industrials

—

6.85%

AeroVironment,

Inc.

(a) 17

3,027

Boeing

Co.

(The)

(a) 10

2,073

Cummins,

Inc.

3,215

Deere

&

Co.

3,038

IDEX

Corp.

1,266

Lennox

International,

Inc.

3,951

Rockwell

Automation,

Inc.

1,893

RTX

Corp.

2,184

20,647

Materials

—

0.39%

Cleveland-Cliffs,

Inc.

(a) 69

Materion

Corp.

774

1,176

Technology

—

19.99%

Adobe,

Inc.

(a) 5

2,075

Advanced

Micro

Devices,

Inc.

(a) 24

2,658

Apple,

Inc.

11,448

Autodesk,

Inc.

(a) 7

2,073

Intuit,

Inc.

3,014

Microsoft

Corp.

12,430

NVIDIA

Corp.

17,568

Oracle

Corp.

3,642

Salesforce,

Inc.

2,388

ServiceNow,

Inc.

(a) 3

3,033

60,329

Total

United

States

205,198

Total

Common

Stocks

(Cost $188,666)

300,100

MONEY

MARKET

FUNDS

—

0.35%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 1,065

1,065

Total

Money

Market

Funds

(Cost

$1,065)

1,065

Total

Investments

—

99.83%

(Cost

$189,731)

301,165

Other

Assets

in

Excess

of

Liabilities — 0.17%

521

NET

ASSETS

—

100.00%

$

301,686

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. ADR

-

American

Depositary

Receipt

FI

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.00%

Shares

Fair

Value

Brazil

—

1.16%

Financials

—

1.16%

Banco

Bradesco

SA

-

ADR

521

$

1,500

Itau

Unibanco

Holding

SA

-

ADR

2,003

3,503

Total

Brazil

3,503

Canada

—

0.78%

Materials

—

0.78%

Hudbay

Minerals,

Inc.

1,408

Lundin

Mining

Corp.

947

2,355

Total

Canada

2,355

China

—

4.04%

Communications

—

0.83%

Tencent

Holdings

Ltd.

-

ADR

2,511

Consumer

Discretionary

—

1.60%

Alibaba

Group

Holding

Ltd.

-

ADR

2,391

Meituan

Dianping

(a) 139

2,446

4,837

Financials

—

1.46%

CITIC

Securities

Co.,

Ltd.

(a) 910

2,307

Ping

An

Insurance

(Group)

Company

of

China

Ltd.,

H

Shares

2,101

4,408

Health

Care

—

0.15%

Sino

Biopharmaceutical

Ltd.

-

ADR

Total

China

12,205

Denmark

—

0.74%

Industrials

—

0.74%

FLSmidth

&

Co.

A/S

(a) 12

693

Vestas

Wind

Systems

A/S

(a) 98

1,546

2,239

Total

Denmark

2,239

Finland

—

0.21%

Industrials

—

0.21%

Valmet

Oyj

(a) 19

620

Total

Finland

620

France

—

2.73%

Consumer

Discretionary

—

0.47%

Kering

SA

-

ADR

1,413

Energy

—

0.58%

TotalEnergies

SE

1,760

FI

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.00%

-

continued

Shares

Fair

Value

France

—

2.73%

-

continued

Financials

—

1.07%

BNP

Paribas

SA

$

3,241

Technology

—

0.61%

Dassault

Systems

SE

1,836

Total

France

8,250

Germany

—

2.46%

Consumer

Discretionary

—

1.26%

adidas

AG

3,240

Sixt

SE

570

3,810

Industrials

—

1.20%

Siemens

AG

3,608

Total

Germany

7,418

India

—

0.28%

Technology

—

0.28%

Infosys

Ltd.

-

ADR

855

Total

India

855

Italy

—

2.30%

Energy

—

0.94%

Eni

SpA

2,828

Financials

—

1.36%

Intesa

Sanpaolo

SpA

730

4,070

Total

Italy

6,898

Japan

—

1.96%

Financials

—

0.85%

Sumitomo

Mitsui

Financial

Group,

Inc.

-

ADR

2,573

Industrials

—

1.11%

Daifuku

Co.

Ltd.

-

ADR

848

FANUC

Corp.

-

ADR

1,229

Yaskawa

Electric

Corp.

-

ADR

(a) 27

1,264

3,341

Total

Japan

5,914

Netherlands

—

1.48%

Technology

—

1.48%

ASML

Holding

NV

4,455

Total

Netherlands

4,455

FI

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.00%

-

continued

Shares

Fair

Value

Norway

—

1.06%

Energy

—

1.06%

Equinor

ASA

$

3,191

Total

Norway

3,191

Spain

—

2.53%

Financials

—

2.53%

Banco

Bilbao

Vizcaya

Argentaria

SA

3,990

Banco

Santander

SA

3,649

7,639

Total

Spain

7,639

Switzerland

—

2.94%

Financials

—

0.99%

UBS

Group

AG

2,993

Health

Care

—

0.88%

Novartis

AG

2,629

Industrials

—

1.07%

ABB

Ltd.

3,225

Total

Switzerland

8,847

Taiwan

Province

of

China

—

3.33%

Technology

—

3.33%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

10,053

Total

Taiwan

Province

of

China

10,053

United

Kingdom

—

4.73%

Consumer

Staples

—

0.55%

Unilever

PLC

1,653

Energy

—

2.14%

BP

PLC

675

3,273

Shell

PLC

3,201

6,474

Health

Care

—

0.67%

AstraZeneca

PLC

2,022

Materials

—

1.37%

Anglo

American

PLC

1,634

Antofagasta

PLC

2,505

4,139

Total

United

Kingdom

14,288

United

States

—

66.27%

Communications

—

3.99%

Alphabet,

Inc.,

Class

A

8,415

Netflix,

Inc.

(a) 3

3,622

12,037

FI

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.00%

-

continued

Shares

Fair

Value

United

States

—

66.27%

-

continued

Consumer

Discretionary

—

4.87%

Amazon.com,

Inc.

(a) 39

$

7,995

Home

Depot,

Inc.

(The)

2,946

Toll

Brothers,

Inc.

3,753

14,694

Consumer

Staples

—

5.49%

Colgate-Palmolive

Co.

2,695

Costco

Wholesale

Corp.

4,161

PepsiCo,

Inc.

2,366

Procter

&

Gamble

Co.

(The)

3,398

Walmart,

Inc.

3,949

16,569

Energy

—

1.16%

ConocoPhillips

1,536

Schlumberger

Ltd.

1,950

3,486

Financials

—

13.02%

American

Express

Co.

4,117

Bank

of

America

Corp.

3,001

BlackRock,

Inc.

3,920

Citigroup,

Inc.

4,596

Goldman

Sachs

Group,

Inc.

(The)

3,002

Invesco

Ltd.

1,793

Jefferies

Financial

Group,

Inc.

972

JPMorgan

Chase

&

Co.

3,696

MasterCard,

Inc.,

Class

A

4,099

Morgan

Stanley

3,329

T. Rowe

Price

Group,

Inc.

1,310

Visa,

Inc.,

Class

A

5,478

39,313

Health

Care

—

9.76%

Abbott

Laboratories

1,202

Danaher

Corp.

950

Eli

Lilly

&

Co.

8,853

Exact

Sciences

Corp.

(a) 17

957

Intuitive

Surgical,

Inc.

(a) 9

4,971

Johnson

&

Johnson

2,328

Merck

&

Co.,

Inc.

2,152

Pfizer,

Inc.

1,879

PTC

Therapeutics,

Inc.

(a) 14

679

Sarepta

Therapeutics,

Inc.

(a) 5

Thermo

Fisher

Scientific,

Inc.

1,611

UnitedHealth

Group,

Inc.

1,510

Vertex

Pharmaceuticals,

Inc.

(a) 5

2,210

29,490

FI

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

May

31,

2025

(Unaudited)

COMMON

STOCKS

—

99.00%

-

continued

Shares

Fair

Value

United

States

—

66.27%

-

continued

Industrials

—

8.07%

Cummins,

Inc.

$

3,536

Deere

&

Co.

3,544

HEICO

Corp.

4,495

Lennox

International,

Inc.

5,079

Rockwell

Automation,

Inc.

3,156

Union

Pacific

Corp.

1,552

Xylem,

Inc.

3,025

24,387

Technology

—

19.91%

Adobe,

Inc.

(a) 5

2,075

Advanced

Micro

Devices,

Inc.

(a) 23

2,547

Apple,

Inc.

11,047

Autodesk,

Inc.

(a) 8

2,369

Intuit,

Inc.

3,014

Microsoft

Corp.

12,891

NVIDIA

Corp.

17,567

Oracle

Corp.

3,476

Salesforce,

Inc.

2,123

ServiceNow,

Inc.

(a) 3

3,033

60,142

Total

United

States

200,118

Total

Common

Stocks

(Cost $188,977)

298,848

PREFERRED

STOCKS

—

0.37%

Australia

—

0.37%

Materials

—

0.37%

Fortescue

Metals

Group

Ltd.

1,121

Total

Australia

1,121

Total

Preferred

Stocks

(Cost $1,554)

1,121

MONEY

MARKET

FUNDS

—

0.47%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 1,417

1,417

Total

Money

Market

Funds

(Cost

$1,417)

1,417

Total

Investments

—

99.84%

(Cost

$191,948)

301,386

Other

Assets

in

Excess

of

Liabilities — 0.16%

NET

ASSETS

—

100.00%

$

301,859

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. ADR

-

American

Depositary

Receipt

FI

Institutional

Group

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

May

31,

2025

(Unaudited)

CORPORATE

BONDS

—

24.11%

Principal

Amount

Fair

Value

Communications

—

3.20%

Comcast

Corp.,

3.55%,

5/1/2028

$

100,000

$

97,922

Consumer

Staples

—

3.45%

Procter

&

Gamble

Co.

(The),

5.50%,

2/1/2034

100,000

105,780

Financials

—

9.28%

BlackRock,

Inc.,

3.25%,

4/30/2029

100,000

96,637

Charles

Schwab

Corp.

(The),

2.90%,

3/3/2032

100,000

88,108

JPMorgan

Chase

&

Co.,

4.13%,

12/15/2026

100,000

99,549

284,294

Health

Care

—

2.13%

Bristol-Myers

Squibb

Co.,

4.55%,

2/20/2048

78,000

65,192

Real

Estate

—

3.48%

Simon

Property

Group

LP,

6.25%,

1/15/2034

100,000

106,578

Technology

—

2.57%

International

Business

Machines

Corp.,

4.25%,

5/15/2049

100,000

78,811

Total

Corporate

Bonds

(Cost $832,962)

738,577

U.S.

GOVERNMENT

&

AGENCIES

—

43.66%

United

States

Treasury

Note,

2.63 %

,

2/15/2029

426,100

407,242

United

States

Treasury

Note,

4.00 %

,

1/31/2031

458,000

456,488

United

States

Treasury

Note,

4.50 %

,

2/15/2036

469,000

474,002

Total

U.S.

Government

&

Agencies

(Cost $1,465,177)

1,337,732

EXCHANGE-TRADED

FUNDS

—

30.40%

Shares

iShares

MBS

ETF

(a) 10,051

931,225

Total

Exchange-Traded

Funds

(Cost $1,000,800)

931,225

MONEY

MARKET

FUNDS

—

1.04%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 31,947

31,947

Total

Money

Market

Funds

(Cost

$31,947)

31,947

Total

Investments

—

99.21%

(Cost

$3,330,886)

3,039,481

Other

Assets

in

Excess

of

Liabilities — 0.79%

24,259

NET

ASSETS

—

100.00%

$

3,063,740

(a) Represents

an

investment

greater

than

25%

of

the

Fund's

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

May

31,

2025,

the

percentage

of

net

assets

invested

in

this

security

was

30.40%

of

the

Fund.

The

financial

statements

and

portfolio

holdings

for

this

security

can

be

found

at

www.sec.gov.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. FI

Institutional

Group

ESG

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

May

31,

2025

(Unaudited)

CORPORATE

BONDS

—

24.33%

Principal

Amount

Fair

Value

Communications

—

3.23%

Comcast

Corp.,

3.55%,

5/1/2028

$

100,000

$

97,922

Consumer

Staples

—

3.48%

Procter

&

Gamble

Co.

(The),

5.50%,

2/1/2034

100,000

105,780

Financials

—

9.36%

BlackRock,

Inc.,

3.25%,

4/30/2029

100,000

96,637

Charles

Schwab

Corp.

(The),

2.90%,

3/3/2032

100,000

88,108

JPMorgan

Chase

&

Co.,

4.13%,

12/15/2026

100,000

99,549

284,294

Health

Care

—

2.15%

Bristol-Myers

Squibb

Co.,

4.55%,

2/20/2048

78,000

65,192

Real

Estate

—

3.51%

Simon

Property

Group

LP,

6.25%,

1/15/2034

100,000

106,578

Technology

—

2.60%

International

Business

Machines

Corp.,

4.25%,

5/15/2049

100,000

78,811

Total

Corporate

Bonds

(Cost $832,962)

738,577

U.S.

GOVERNMENT

&

AGENCIES

—

42.39%

United

States

Treasury

Note,

2.63 %

,

2/15/2029

381,700

364,807

United

States

Treasury

Note,

4.00 %

,

1/31/2031

434,000

432,567

United

States

Treasury

Note,

4.13 %

,

7/31/2031

40,000

40,012

United

States

Treasury

Note,

4.50 %

,

2/15/2036

445,000

449,745

Total

U.S.

Government

&

Agencies

(Cost $1,413,273)

1,287,131

EXCHANGE-TRADED

FUNDS

—

31.43%

Shares

iShares

MBS

ETF

(a) 10,298

954,110

Total

Exchange-Traded

Funds

(Cost $1,022,422)

954,110

MONEY

MARKET

FUNDS

—

1.06%

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 32,298

32,298

Total

Money

Market

Funds

(Cost

$32,298)

32,298

Total

Investments

—

99.21%

(Cost

$3,300,955)

3,012,116

Other

Assets

in

Excess

of

Liabilities — 0.79%

23,834

NET

ASSETS

—

100.00%

$

3,035,950

(a) Represents

an

investment

greater

than

25%

of

the

Fund's

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

May

31,

2025,

the

percentage

of

net

assets

invested

in

this

security

was

31.43%

of

the

Fund.

The

financial

statements

and

portfolio

holdings

for

this

security

can

be

found

at

www.sec.gov.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

2025. Tactical

Multi-Purpose

Fund

Schedule

of

Investments

May

31,

2025

(Unaudited)

U.S.

GOVERNMENT

&

AGENCIES

—

40.45%

Principal

Amount

Fair

Value

United

States

Treasury

Bill,

4.18 %

,

7/10/2025

(a) $

11,000

$

10,9

Total

U.S.

Government

&

Agencies

(Cost $10,950)

10,951

MONEY

MARKET

FUNDS

-

51.25%

Shares

First

American

Government

Obligations

Fund,

Class

X,

4.23%

(b) 13,876

13,876

Total

Money

Market

Funds

(Cost

$13,876)

13,876

Total

Investments

—

91.70%

(Cost

$24,826)

24,827

Other

Assets

in

Excess

of

Liabilities — 8.30%

2,248

NET

ASSETS

—

100.00%

$

27,075

(a) Represents

an

investment

greater

than

25%

of

the

Fund's

net

assets.

Performance

of

the

Fund

may

be

adversely

impacted

by

concentrated

investments

in

securities.

As

of

May

31,

2025,

the

percentage

of

net

assets

invested

in

this

security

was

40.45%

of

the

Fund.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

May

31,

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:** FIIG ALL FOREIGN EQUITY

- **b. EDGAR series identifier (if any):** S000066743

- **c. LEI of Series:** 549300XV63CATFLHDP94

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

- **a. Date of fiscal year-end:** 2025-08-31

- **b. Date as of which information is reported:** 2025-05-31

**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:** $270199.84

**Total Liabilities:** $46273.23

**Net Assets:** $223926.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215070 | -0.78%               | 1.41%                | 5.64%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $234.77                  | $-2718.01                                  |
| Month 2  | $-216.87                 | $2550.27                                   |
| Month 3  | $2601.06                 | $8244.80                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Geely Automobile Holdings Ltd                   | Geely Automobile Holdings Ltd.               | CUSIP: G3777B103<br>LEI: 549300YS3T1KVQ2SNI84 | Long             | EC               | CORP              | HK        |      1046 | NS      | $2350.63      | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Eni SpA                                         | Eni SpA                                      | CUSIP: T3643A145<br>LEI: BUCRF72VH5RBN7X3VL35 | Long             | EC               | CORP              | IT        |       231 | NS      | $3402.83      | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance (Group) Company of China Ltd. | Ping An Insurance Group Co. of China Ltd.    | CUSIP: Y69790106<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | HK        |       305 | NS      | $1795.22      | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                                | Novo Nordisk A/S                             | CUSIP: K72807140<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |        60 | NS      | $4143.78      | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanofi SA                                       | Sanofi                                       | CUSIP: F5548N101<br>LEI: 549300E9PC51EN656011 | Long             | EC               | CORP              | FR        |        30 | NS      | $2981.60      | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Telekom AG                             | Deutsche Telekom AG                          | CUSIP: D2035M136<br>LEI: 549300V9QSIG4WX4GJ96 | Long             | EC               | CORP              | DE        |        59 | NS      | $2229.75      | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                                   | Beiersdorf AG                                | CUSIP: D08792109<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |        22 | NS      | $3014.19      | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                     | Samsung Electronics Co. Ltd.                 | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |        80 | NS      | $3256.48      | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia (Persero) Tbk             | Bank Rakyat Indonesia Persero Tbk PT         | CUSIP: 69366X100<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |        94 | NS      | $1271.35      | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Antofagasta PLC                                 | Antofagasta PLC                              | CUSIP: G0398N128<br>LEI: 213800MY6QVH4FVLD628 | Long             | EC               | CORP              | GB        |       206 | NS      | $4914.21      | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Boerse AG                              | Deutsche Boerse AG                           | CUSIP: D1882G119<br>LEI: 529900G3SW56SHYNPR95 | Long             | EC               | CORP              | DE        |         7 | NS      | $2253.58      | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc.                                     | JD.com, Inc.                                 | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |        52 | NS      | $1685.32      | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolters Kluwer NV                               | Wolters Kluwer NV                            | CUSIP: N9643A197<br>LEI: 724500TEM53I0U077B74 | Long             | EC               | CORP              | NL        |        16 | NS      | $2839.88      | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                                    | Barclays PLC                                 | CUSIP: G08036124<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |       831 | NS      | $3666.94      | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Atlas Copco AB                                  | Atlas Copco AB                               | CUSIP: W1R924252<br>LEI: 213800T8PC8Q4FYJZR07 | Long             | EC               | CORP              | SE        |       144 | NS      | $2312.49      | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC                     | Reckitt Benckiser Group PLC                  | CUSIP: G74079107<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |        22 | NS      | $1491.61      | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Industria De Diseno Textil SA                   | Industria de Diseno Textil SA                | CUSIP: E6282J125<br>LEI: 549300TTCXZOGZM2EY83 | Long             | EC               | CORP              | ES        |        42 | NS      | $2275.99      | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Aeroports de Paris                              | Aeroports de Paris                           | CUSIP: F00882104<br>LEI: 969500PJMBSFHYC37989 | Long             | EC               | CORP              | FR        |        19 | NS      | $2548.15      | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Mizuho Financial Group Inc.                     | MIZUHO FINANCIAL GROUP, INC.                 | CUSIP: J4599L102<br>LEI: 353800CI5L6DDAN5XZ33 | Long             | EC               | CORP              | JP        |       100 | NS      | $2781.54      | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Siemens AG                                      | Siemens AG                                   | CUSIP: D69671218<br>LEI: W38RGI023J3WT1HWRP32 | Long             | EC               | CORP              | DE        |        19 | NS      | $4569.84      | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander, S.A.                           | Banco Santander SA                           | CUSIP: E19790109<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |       392 | NS      | $3129.85      | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                        | Itau Unibanco Holding SA                     | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |       600 | NS      | $3954.00      | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Credit Agricole S.A.                            | Credit Agricole SA                           | CUSIP: F22797108<br>LEI: 969500TJ5KRTCJQWXH05 | Long             | EC               | CORP              | FR        |       116 | NS      | $2121.49      | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Erste Group Bank AG                             | Erste Group Bank AG                          | CUSIP: A19494102<br>LEI: PQOH26KWDF7CG10L6792 | Long             | EC               | CORP              | AT        |        15 | NS      | $1206.85      | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd.                                  | HDFC Bank Ltd.                               | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |        38 | NS      | $2864.82      | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie de Saint-Gobain SA                    | Cie de Saint-Gobain                          | CUSIP: F80343100<br>LEI: NFONVGN05Z0FMN5PEC35 | Long             | EC               | CORP              | FR        |        58 | NS      | $6510.02      | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi UFJ Financial Group Inc.             | Mitsubishi UFJ Financial Group, Inc.         | CUSIP: 606822104<br>LEI: 353800V2V8PUY9TK3E06 | Long             | EC               | CORP              | JP        |       390 | NS      | $5506.80      | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ING Groep N.V.                                  | ING Groep NV                                 | CUSIP: N4578E595<br>LEI: 549300NYKK9MWM7GGW15 | Long             | EC               | CORP              | NL        |       123 | NS      | $2609.18      | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                                | Roche Holding AG                             | CUSIP: H69293217<br>LEI: 549300U41AUUVOAAOB37 | Long             | EP               | CORP              | CH        |         9 | NS      | $2904.92      | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd.                           | Tencent Holdings Ltd. ADR                    | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |        71 | NS      | $4457.38      | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd.                                    | Infosys Ltd.                                 | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |       102 | NS      | $1855.38      | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Deutsche Post AG                                | DHL Group                                    | CUSIP: D19225107<br>LEI: 8ER8GIG7CSMVD8VUFE78 | Long             | EC               | CORP              | DE        |        71 | NS      | $3174.28      | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal S.A.                                    | L'Oreal SA                                   | CUSIP: F58149133<br>LEI: 529900JI1GG6F7RKVI53 | Long             | EC               | CORP              | FR        |         7 | NS      | $2960.25      | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                                          | SAP SE                                       | CUSIP: D66992104<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |        14 | NS      | $4227.34      | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Dassault Systemes                               | Dassault Systems SE                          | CUSIP: F24571451<br>LEI: 96950065LBWY0APQIM86 | Long             | EC               | CORP              | FR        |        51 | NS      | $1911.20      | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada                            | Royal Bank of Canada                         | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |        23 | NS      | $2913.18      | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International                            | Hermes International SA                      | CUSIP: F48051100<br>LEI: 969500Y4IJGHJE2MTJ13 | Long             | EC               | CORP              | FR        |         3 | NS      | $8271.63      | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Next PLC                                        | Next PLC                                     | CUSIP: G6500M106<br>LEI: 213800WQD8ECPZP9PH98 | Long             | EC               | CORP              | GB        |        16 | NS      | $2773.45      | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Fanuc Corp.                                     | FANUC Corp.                                  | CUSIP: 307305102<br>LEI: 529900QTSW745LOKW705 | Long             | EC               | CORP              | JP        |        58 | NS      | $774.88       | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Keyence Corp.                                   | Keyence Corp.                                | CUSIP: J32491102<br>LEI: 529900M7PQBS7A89DZ11 | Long             | EC               | CORP              | JP        |         8 | NS      | $3377.33      | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ABB Ltd.                                        | ABB Ltd.                                     | CUSIP: H0010V101<br>LEI: 5493000LKVGOO9PELI61 | Long             | EC               | CORP              | CH        |        63 | NS      | $3561.71      | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Haier Smart Home Co Ltd.                        | Haier Smart Home Co Ltd.                     | CUSIP: Y298BN100<br>LEI: 3003002BYTNGNJTWSH07 | Long             | EC               | CORP              | CN        |       550 | NS      | $1613.38      | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Experian PLC                                    | Experian PLC                                 | CUSIP: G32655105<br>LEI: 635400RXXHHYT1JTSZ26 | Long             | EC               | CORP              | JE        |        97 | NS      | $4826.61      | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd.               | Canadian Pacific Kansas City Ltd.            | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |        38 | NS      | $3102.70      | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Mitsubishi Corp.                                | Mitsubishi Corporation                       | CUSIP: 606769404<br>LEI: KVIPTY4PULAPGC1VVD26 | Long             | EC               | CORP              | JP        |        88 | NS      | $1781.08      | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc.                                    | NetEase, Inc. - ADR                          | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |        23 | NS      | $2800.48      | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| China Mengniu Dairy Co Ltd.                     | China Mengniu Dairy Co Ltd.                  | CUSIP: G21096105<br>LEI: 2549005Q343BSJ8RSS21 | Long             | EC               | CORP              | KY        |       682 | NS      | $1537.85      | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Powszechna Kasa Oszczednosci Bank Polski SA     | Powszechna Kasa Oszczednosci Bank Polski SA  | CUSIP: X6919X108<br>LEI: P4GTT6GF1W40CVIMFR43 | Long             | EC               | CORP              | PL        |        53 | NS      | $1066.63      | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Repsol SA                                       | Repsol SA                                    | CUSIP: E8471S130<br>LEI: BSYCX13Y0NOTV14V9N85 | Long             | EC               | CORP              | ES        |       220 | NS      | $2961.73      | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Polska Kasa Opieki SA                      | Bank Polska Kasa Opieki SA                   | CUSIP: X0R77T117<br>LEI: 5493000LKS7B3UTF7H35 | Long             | EC               | CORP              | PL        |        22 | NS      | $1083.94      | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Xero Ltd.                                       | XERO LTD                                     | CUSIP: Q98665104<br>LEI: 254900UG5D8YST164N14 | Long             | EC               | CORP              | AU        |        21 | NS      | $2494.58      | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BP PLC                                          | BP PLC                                       | CUSIP: G12793108<br>LEI: 213800LH1BZH3DI6G760 | Long             | EC               | CORP              | GB        |       691 | NS      | $3349.42      | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Vestas Wind Systems AS                          | Vestas Wind Systems A/S                      | CUSIP: K9773J201<br>LEI: 549300DYMC8BGZZC8844 | Long             | EC               | CORP              | DK        |        65 | NS      | $1025.67      | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                 | AstraZeneca PLC                              | CUSIP: G0593M107<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |        30 | NS      | $4333.18      | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Mitsui Financial Group Inc.            | Sumitomo Mitsui Financial Group, Inc.        | CUSIP: 86562M209<br>LEI: 35380028MYWPB6AUO129 | Long             | EC               | CORP              | JP        |       328 | NS      | $5054.48      | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Compagnie Generale des Etablissements Michelin  | Cia Generale de Establissements Michelin SCA | CUSIP: F61824870<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |        35 | NS      | $1338.63      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Coloplast AS                                    | Coloplast A/S                                | CUSIP: 19624Y200<br>LEI: 529900NN7SOJ5QG82X67 | Long             | EC               | CORP              | DK        |        51 | NS      | $490.11       | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                                    | UBS Group Ag                                 | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |        61 | NS      | $1942.19      | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Meituan LLC                                     | Meituan                                      | CUSIP: 58533E103<br>LEI: 21380033K525E5JLIA77 | Long             | EC               | CORP              | KY        |        55 | NS      | $1901.35      | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Europacific Partners PLC              | Coca-Cola European Partners PLC              | CUSIP: G25839104<br>LEI: 549300LTH67W4GWMRF57 | Long             | EC               | CORP              | GB        |        38 | NS      | $3488.02      | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                        | Vinci SA                                     | CUSIP: 927320101<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |        47 | NS      | $1682.60      | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                     | Novartis AG                                  | CUSIP: H5820Q150<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |        39 | NS      | $4458.19      | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Daifuku Co Ltd.                                 | Daifuku Co. Ltd                              | CUSIP: 233802107<br>LEI: 3538006FG1W4X3MYHL36 | Long             | EC               | CORP              | JP        |        95 | NS      | $1258.75      | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomura Holdings Inc.                            | Nomura Holdings, Inc.                        | CUSIP: 65535H208<br>LEI: 549300B3CEAHYG7K8164 | Long             | EC               | CORP              | JP        |       608 | NS      | $3702.72      | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                                | Sony Group Corp.                             | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |       111 | NS      | $2928.18      | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Bradesco SA                               | Banco Bradesco SA                            | CUSIP: 059460303<br>LEI: 549300CTUU1RFXHQJE44 | Long             | EC               | CORP              | BR        |       932 | NS      | $2684.16      | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co., Ltd.    | Taiwan Semiconductor Manufacturing Co. Ltd.  | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |        34 | NS      | $6572.88      | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| UniCredit S.p.A.                                | UniCredit SpA                                | CUSIP: T9T23L642<br>LEI: 549300TRUWO2CD2G5692 | Long             | EC               | CORP              | IT        |        42 | NS      | $2697.62      | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding N.V.                               | ASML Holding NV                              | CUSIP: N07059202<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |         7 | NS      | $5197.93      | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercadolibre Inc                                | MercadoLibre, Inc.                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |         1 | NS      | $2563.29      | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                       | First American Government Obligations Fund   | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |      2590 | PA      | $2590.12      | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Anglo American PLC                              | Anglo American PLC                           | CUSIP: G03764134<br>LEI: 549300S9XF92D1X8ME43 | Long             | EC               | CORP              | GB        |        96 | NS      | $2852.14      | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinor ASA                                     | Equinor ASA                                  | CUSIP: R2R90P103<br>LEI: OW6OFBNCKXC4US5C7523 | Long             | EC               | CORP              | NO        |       127 | NS      | $2980.26      | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Societe Generale S.A.                           | Societe Generale SA                          | CUSIP: F8591M517<br>LEI: O2RNE8IBXP4R0TD8PU41 | Long             | EC               | CORP              | FR        |        60 | NS      | $3260.28      | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd.                      | Alibaba Group Holding Ltd.                   | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |        30 | NS      | $3415.20      | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                  | BNP Paribas SA                               | CUSIP: F1058Q238<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |        26 | NS      | $2277.58      | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo S.p.A.                          | Intesa Sanpaolo SpA                          | CUSIP: T55067101<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |       484 | NS      | $2698.66      | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-31

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller