# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-003912
**Filing Date:** 2025-11
**Character Count:** 23497
**Document Hash:** 328e611640a256cd3a71856a8bc46bf1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-003912.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000910472-25-003912

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**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:** 251515596

**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 CEF Opportunities (Series ID: S000081741)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000244726 | INSTITUTIONAL SHARES | ACEFX           |

## 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 CEF OPPORTUNITIES

- **b. EDGAR series identifier (if any):** S000081741

- **c. LEI of Series:** 5493000NKPH59ZLVE960

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

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

- **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:** $11909244.24

**Total Liabilities:** $4254512.33

**Net Assets:** $7654731.91

**Cash Not Reported:** $1583732.61

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000244726 | 0.82%                | 1.30%                | -0.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $56360.00                | $-40397.16                                 |
| Month 2  | $76547.63                | $-16610.26                                 |
| Month 3  | $-8870.19                | $-55237.35                                 |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tortoise Sustainable and Social Impact Term Fund            | Tortoise Sustainable and Social Impact Term Fund          | CUSIP: 27901F109<br>LEI: 549300JEEQF7C836SM26 | Long             | EC               | RF                | US        |     12364 | NS      | $145400.64    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                                   | First American Treasury Obligations Fund                  | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    705982 | PA      | $705981.77    | 9.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance Insured California Municipal Bond Fund          | Eaton Vance California Municipal Bond Fund                | CUSIP: 27828A100<br>LEI: 549300FJGD8HWP11TO17 | Long             | EC               | RF                | US        |      6492 | NS      | $61609.08     | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Health Sciences Term Trust                        | BlackRock Health Sciences Term Trust                      | CUSIP: 09260E105<br>LEI: 549300FGMK4EGHSK8N86 | Short            | EC               | RF                | US        |      -528 | NS      | $-7613.76     | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| SRH Total Return Fund Inc                                   | Boulder Growth & Income Fund, Inc.                        | CUSIP: 101507101<br>LEI: 5493000XG0EMNJQ1SM17 | Long             | EC               | RF                | US        |      8400 | NS      | $152544.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Global High Income Fund Inc.                  | Western Asset Global High Income Fund, Inc.               | CUSIP: 95766B109<br>LEI: 549300JWVV1XIQ66WD13 | Long             | EC               | RF                | US        |     17717 | NS      | $116932.20    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| RiverNorth Capital and Income Fund Inc                      | RiverNorth Capital and Income Fund                        | CUSIP: 76882B108<br>LEI: 54930061II7PXY87SC72 | Long             | EC               | RF                | US        |     13080 | NS      | $192537.60    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Income Trust Inc.                                 | Blackrock Income Trust Inc.                               | CUSIP: 09247F209<br>LEI: TZVEKBHO1R4X5PI73286 | Long             | EC               | RF                | US        |        90 | NS      | $1011.60      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Technology & Private Equity Term Trust            | BlackRock Technology and Private Equity Term Trust        | CUSIP: 09260Q108<br>LEI: 549300G3XFQ7175KM723 | Short            | EC               | RF                | US        |     -7181 | NS      | $-48112.70    | -0.63%            |  |  |  | No            |                  1 | On Loan: No      |
| Rivernorth Opportunities Fd Inc                             | RiverNorth Opportunities Fund, Inc.                       | CUSIP: 76881Y109<br>LEI: 5493001RICR0OU8TM159 | Short            | EC               | RF                | US        |    -35632 | NS      | $-427584.00   | -5.59%            |  |  |  | No            |                  1 | On Loan: No      |
| Total Return Securities Fund                                | Total Return Securities Fund USD Class                    | CUSIP: 870875101<br>LEI: 549300HQZ0XPGTS5Q724 | Long             | EC               | RF                | US        |        80 | NS      | $486.40       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Municipal High Income Opportunities Fund Inc        | Pioneer Municipal High Income Opportunities Fund, Inc.    | CUSIP: 723760104<br>LEI: 5493005BKX8X756MKL25 | Long             | EC               | RF                | US        |     36534 | NS      | $5845.44      | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Vance New York Municipal Bond Fund                    | Eaton Vance New York Municipal Bond Fund                  | CUSIP: 27827Y109<br>LEI: 5493003LD9U89XVQ7W91 | Long             | EC               | RF                | US        |     19369 | NS      | $190978.34    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Global Infrastructure Income Fund                     | abrdn Global Infrastructure Income Fund                   | CUSIP: 00326W106<br>LEI: 549300ZRYJVK3J3YXY67 | Short            | EC               | RF                | US        |    -50235 | NS      | $-1061465.55  | -13.87%           |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Energy Midstream Opportunity Fund Incorporation | ClearBridge Energy Midstream Opportunity Fund, Inc Rights | CUSIP: 18469P118<br>LEI: 549300U6RAJWN6OONX12 | Long             | EC               | RF                | US        |        90 | NS      | $1.71         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Diversified High Income Fund Inc                    | Pioneer Diversified High Income Trust                     | CUSIP: 723653101<br>LEI: GRH7C46DLKO4V5KVBT29 | Long             | EC               | RF                | US        |     45171 | NS      | $70466.76     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| LMP Capital & Income Fund Inc.                              | LMP Capital and Income Fund, Inc.                         | CUSIP: 50208A102<br>LEI: 549300YJH1GYGXCCQ467 | Long             | EC               | RF                | US        |     12086 | NS      | $187695.58    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Healthcare & Wellness Trust                         | Gabelli Healthcare & WellnessRx Trust/The                 | CUSIP: 36246K103<br>LEI: 549300XULWZNLHFTG832 | Long             | EC               | RF                | US        |      9041 | NS      | $82001.87     | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty All Star                                            | Liberty All-Star Equity Fund USD Class                    | CUSIP: 530158104<br>LEI: 549300DLV755RNHI1N92 | Long             | EC               | RF                | US        |     41355 | NS      | $262190.70    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Core Bond Trust                                   | BlackRock Core Bond Trust                                 | CUSIP: 09249E101<br>LEI: CC8M7XFKTNG56DXMAR33 | Long             | EC               | RF                | US        |     31800 | NS      | $316092.00    | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector Spdr Trust                                    | Health Care Select Sector SPDR Fund                       | CUSIP: 81369Y209<br>LEI: 5493008JJKIPMEX3CO91 | Short            | EC               | RF                | US        |      -700 | NS      | $-97419.00    | -1.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Monroe                                                      | MONROE CAPITAL CORP                                       | CUSIP: 610335101<br>LEI: 549300RZ898DGFGWKV04 | Long             | EC               | RF                | US        |      1480 | NS      | $10389.60     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Income Trust Inc.                                 | BlackRock Income Trust, Inc. Rights                       | CUSIP: 09247F118<br>LEI: TZVEKBHO1R4X5PI73286 | Long             | EC               | CORP              | US        |        90 | NS      | $5.31         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Destra Multi Alternative Fund                               | Destra Multi-Alternative Fund                             | CUSIP: 25065A502<br>LEI: 549300SP0KUS5HR5P569 | Long             | EC               | RF                | US        |      3242 | NS      | $28010.88     | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Abrdn Japan Equity Fund Inc.                                | abrdn Japan Equity Fund, Inc. USD Class                   | CUSIP: 00306J109<br>LEI: 549300TENE1BGI09O157 | Long             | EC               | RF                | US        |     76047 | NS      | $599250.36    | 7.83%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO QUALITY MUN INCOME TR                               | Invesco Quality Municipal Income Trust                    | CUSIP: 46133G107<br>LEI: WLEGDSEH0E242WVNUY02 | Long             | EC               | RF                | US        |      4800 | NS      | $47280.00     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| INVESCO VAN KAMPEN MUN TR                                   | Invesco Municipal Trust                                   | CUSIP: 46131J103<br>LEI: GKS5Y4B1VKHV66WSPK53 | Long             | EC               | RF                | US        |      4900 | NS      | $47285.00     | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II                       | Invesco Senior Loan ETF                                   | CUSIP: 46138G508<br>LEI: O540V2L4S174Y60FMD36 | Short            | EC               | RF                | US        |     -3200 | NS      | $-66976.00    | -0.87%            |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER MUN HIGH INCOME ADVANTAGE TR                        | Pioneer Municipal High Income Advantage Trust             | CUSIP: 723762100<br>LEI: 549300XEJODK1I7Q2U66 | Long             | EC               | RF                | US        |     77662 | NS      | $31841.42     | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportunities Fund II                 | Saba Capital Income & Opportunities Fund II               | CUSIP: 880198205<br>LEI: QU1AAXOSV5K4OVMXJP19 | Long             | EC               | RF                | US        |       953 | NS      | $8691.36      | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Virtus Total Return Fund Incorporation                      | Virtus Total Return Fund Inc                              | CUSIP: 92835W107<br>LEI: 549300KKRHI4GF7RNQ81 | Long             | EC               | RF                | US        |     62883 | NS      | $405595.35    | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Advent Convertible And Income Fund                          | ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME         | CUSIP: 00764C109<br>LEI: ZEFY1K43K8JK66NIVK50 | Long             | EC               | RF                | US        |     17920 | NS      | $229196.80    | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Reaves Utility Income Fund                                  | Reaves Utility Income Fund                                | CUSIP: 756158101<br>LEI: 549300GS807NR3X3LH36 | Long             | EC               | RF                | US        |      9135 | NS      | $361928.70    | 4.73%             |  |  |  | No            |                  1 | On Loan: No      |
| XAI Madison Equity Premium Income Fund                      | XAI Madison Equity Premium Income Fund                    | CUSIP: 557437100<br>LEI: 254900DMET709D189F74 | Long             | EC               | RF                | US        |      5934 | NS      | $36612.78     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Strategic Credit 2027 Term Fund                  | BLACKSTONE/GSO STRATEGIC C                                | CUSIP: 09257R101<br>LEI: 549300YESIF051NRED20 | Short            | EC               | RF                | US        |     -3788 | NS      | $-46099.96    | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Mortgage Income Fund                            | First Trust Mortgage Income Fund                          | CUSIP: 33734E103<br>LEI: 549300DJXDU5IDLS9H81 | Short            | EC               | RF                | US        |    -10000 | NS      | $-122474.00   | -1.60%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Inc                                                 | iShares MSCI Japan ETF                                    | CUSIP: 46434G822<br>LEI: 549300MGJZCNMJLBAJ67 | Short            | EC               | RF                | US        |     -5922 | NS      | $-475003.62   | -6.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Credit Strategies Income Fund                        | Nuveen Credit Strategies Income Fund                      | CUSIP: 67073D102<br>LEI: W4CSTD4RDGQSJ4FOVO30 | Long             | EC               | RF                | US        |     47836 | NS      | $252095.72    | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Horizon Technology Finance Corporation                      | Horizon Technology Finance Corp.                          | CUSIP: 44045A102<br>LEI: N/A                  | Short            | EC               | RF                | US        |     -6656 | NS      | $-40601.60    | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                                               | iShares Global Infrastruture ETF                          | CUSIP: 464288372<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |      6200 | NS      | $378944.00    | 4.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer Floating Rate Fund Inc                              | PIONEER FLOATING RATE TRUST                               | CUSIP: 72369J102<br>LEI: 5493002P921ISFUETH70 | Long             | EC               | RF                | US        |     86924 | NS      | $865763.04    | 11.31%            |  |  |  | No            |                  1 | On Loan: No      |
| RiverNorth Flexible Municipal Income Fund Ii Inc            | RiverNorth Flexible Municipal Income Fund II Inc          | CUSIP: 76883Y107<br>LEI: 549300U301TLYWQNC025 | Long             | EC               | RF                | US        |     15703 | NS      | $204924.15    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Multi Asset Income Fund                              | Nuveen Multi-Asset Income Fund                            | CUSIP: 670750108<br>LEI: 549300VLJPKC3DNIJ668 | Long             | EC               | RF                | US        |     22800 | NS      | $295944.00    | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Pioneer High Income Fund Inc                                | Pioneer High Income Fund, Inc.                            | CUSIP: 72369H106<br>LEI: GRH7C46DLKO4V5KVBT29 | Long             | EC               | RF                | US        |    133324 | NS      | $43996.92     | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportunities Fund                    | Saba Capital Income & Opportunities Fund                  | CUSIP: 78518H202<br>LEI: 549300MGSUUJ7E55N746 | Long             | EC               | RF                | US        |      2430 | NS      | $18881.10     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Emerging Markets ex China Fund Inc.                   | abrdn Emerging Markets ex China Fund, Inc.                | CUSIP: 00301W105<br>LEI: 549300MSYUW07RYUZD27 | Long             | EC               | RF                | US        |      3888 | NS      | $25194.24     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Income Credit Strategies Fund                         | abrdn Income Credit Strategies Fund                       | CUSIP: 003057106<br>LEI: JZ9OXI4GGKZDI84RNQ78 | Long             | EC               | RF                | US        |     31636 | NS      | $183488.80    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Tortoise Energy Infrastructure Corporation                  | Tortoise Energy Infrastructure Corporation USD Class      | CUSIP: 89147L886<br>LEI: 5493008P735YB22YPB89 | Short            | EC               | RF                | US        |     -3600 | NS      | $-155124.00   | -2.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Rivernorth Opportunities Fd Inc                             | RiverNorth Opportunities Fund, Inc. Rights                | CUSIP: 76881Y174<br>LEI: 5493001RICR0OU8TM159 | Long             | EC               | RF                | US        |        30 | NS      | $0.24         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Energy Midstream Opportunity Fund Incorporation | ClearBridge Energy Midstream Opportunity Fund, Inc.       | CUSIP: 18469P209<br>LEI: 549300U6RAJWN6OONX12 | Short            | EC               | RF                | US        |     -5000 | NS      | $-224600.00   | -2.93%            |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Infrastructure Fund Inc.                     | Cohen & Steers Infrastructure Fund, Inc.                  | CUSIP: 19248A109<br>LEI: T085JMDV2CFIPONRA870 | Short            | EC               | RF                | US        |    -37800 | NS      | $-937440.00   | -12.25%           |  |  |  | No            |                  1 | On Loan: No      |
| PIONEER MUN HIGH INCOME TR                                  | Pioneer Municipal High Income Fund Trust                  | CUSIP: 723763108<br>LEI: 5493009JYKCUKTUKGP36 | Long             | EC               | RF                | US        |     54923 | NS      | $19772.28     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Multi-Sector Income Tr                            | BLACKROCK MULTI-SECTOR INCOM                              | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             | EC               | RF                | US        |     27766 | NS      | $371786.74    | 4.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Infrastructure Fund Inc.                     | Cohen & Steers Infrastructure Fund Inc                    | CUSIP: 19248A117<br>LEI: T085JMDV2CFIPONRA870 | Long             | EC               | CORP              | US        |        25 | NS      | $1.95         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** United Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller