# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-23-042853
**Filing Date:** 2023-2
**Character Count:** 27196
**Document Hash:** 8364747e7000e5d93f9f067245704fb2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-042853.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-042853

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIED SERIES TRUST
- **CENTRAL INDEX KEY:** 0001199046
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21237
- **FILM NUMBER:** 23673700

**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

### Appleseed Fund (Series ID: S000014625)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000040026 | Appleseed Fund Investor Class      | APPLX           |
| C000093602 | Appleseed Fund Institutional Class | APPIX           |

## Nport-Ex

Appleseed

Fund

Schedule

of

Investments

December

31,

2022

-

(Unaudited)

Common

Stocks

—

65.88%

Shares

Fair

Value

Canada

—

5.05%

Real

Estate

—

5.05%

Boardwalk

Real

Estate

Investment

Trust

110,000

$

4,015,879

Total

Canada

4,015,879

France

—

3.87%

Communications

—

3.87%

Bollore

SA

550,000

3,074,205

Total

France

3,074,205

Germany

—

3.10%

Consumer

Discretionary

—

3.10%

adidas

AG

18,000

2,456,666

Total

Germany

2,456,666

Ireland

—

2.20%

Financials

—

2.20%

AerCap

Holdings

NV

(a) 30,000

1,749,600

Total

Ireland

1,749,600

Israel

—

2.92%

Industrials

—

2.92%

Ituran

Location

and

Control

Ltd.

110,000

2,324,300

Total

Israel

2,324,300

Japan

—

3.36%

Technology

—

3.36%

Sony

Group

Corp.

-

ADR

35,000

2,669,800

Total

Japan

2,669,800

Russia

—

0.00%

Financials

—

0.00%

Moscow

Exchange

MICEX-RTS

PJSC

-

ADR

(a)(b)(c)

1,300,000

Sberbank

of

Russia

PJSC

-

ADR

(a)(b)(c)

324,000

Total

Russia

South

Korea

—

3.87%

Technology

—

3.87%

Samsung

Electronics

Co.

Ltd.

70,000

3,074,126

Total

South

Korea

3,074,126

United

States

—

41.51%

Consumer

Discretionary

—

2.22%

VF

Corp.

64,000

1,767,040

Appleseed

Fund

Schedule

of

Investments

(continued)

December

31,

2022

-

(Unaudited)

Common

Stocks

—

65.88%-

(continued)

Shares

Fair

Value

United

States

—

41.51%

(continued)

Consumer

Staples

—

5.18%

Herbalife

Nutrition

Ltd.

(a) 135,000

$

2,008,800

Sprouts

Farmers

Market,

Inc.

(a) 65,000

2,104,050

4,112,850

Energy

—

2.91%

MRC

Global,

Inc.

(a) 200,000

2,316,000

Financials

—

8.30%

Allstate

Corp.

(The)

11,000

1,491,600

CNB

Financial

Corp.

100,000

2,379,000

Evercore,

Inc.,

Class

A

25,000

2,727,000

6,597,600

Health

Care

—

6.29%

89Bio,

Inc.

(a) 100,000

1,273,000

Ardelyx,

Inc.

(a) 1,000,000

2,850,000

Heron

Therapeutics,

Inc.

(a) 350,000

875,000

4,998,000

Materials

—

6.53%

CF

Industries

Holdings,

Inc.

30,000

2,556,000

Mosaic

Co.

(The)

60,000

2,632,200

5,188,200

Real

Estate

—

1.77%

Alexander

&

Baldwin,

Inc.

75,000

1,404,750

Technology

—

8.31%

Lumentum

Holdings,

Inc.

(a) 42,000

2,191,140

Micron

Technology,

Inc.

33,000

1,649,340

SS&C

Technologies

Holdings,

Inc.

53,000

2,759,180

6,599,660

Total

United

States

32,984,100

TOTAL COMMON

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $48,374,332)

52,348,857

Closed

End

Funds

—

11.98%

Canada

—

11.98%

Sprott

Physical

Gold

Trust

(a) 675,000

9,517,500

TOTAL CLOSED

END

FUNDS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $8,100,157)

9,517,500

Exchange-Traded

Funds

—

5.83%

United

States

—

5.83%

Kraneshares

Trust

California

Carbon

Allowance

Strategy

ETF

(a) 55,000

1,277,628

Simplify

Interest

Rate

Hedge

ETF

16,000

1,145,760

Appleseed

Fund

Schedule

of

Investments

(continued)

December

31,

2022

-

(Unaudited)

Exchange-Traded

Funds

—

5.83%-

(continued)

Shares

Fair

Value

United

States

—

5.83%

(continued)

VanEck

Merk

Gold

Shares

(a) 125,000

$

2,211,250

TOTAL EXCHANGE-TRADED

FUNDS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,729,115)

4,634,638

Preferred

Stocks

—

2.82%

United

States

—

2.82%

Financials

—

2.82%

Federal

National

Mortgage

Association,

Series

S,

5.25%

525,000

1,228,500

Federal

National

Mortgage

Association,

Series

T,

8.25%

550,000

1,012,000

TOTAL PREFERRED

STOCKS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,537,871)

2,240,500

U.S.

Government

&

Agencies

—

2.85%

Principal

Amount

Fair

Value

United

States

Treasury

Inflation

Indexed

Bonds,

0.63%,

1/15/2024

(d) $

900,000

1,125,603

United

States

Treasury

Inflation

Indexed

Bonds,

0.50%,

1/15/2028

(d) 1,000,000

1,137,884

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,275,112)

2,263,487

Convertible

Bonds

—

4.79%

Herbalife

Nutrition

Ltd.,

2.63%,

3/15/2024

2,250,000

2,080,125

Lumentum

Holdings,

Inc.,

0.50%,

12/15/2026

2,000,000

1,725,000

TOTAL

CONVERTIBLE

BONDS

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $4,475,460)

3,805,125

Certificates

of

Deposit

—

1.86%

Community

Development

Bank,

0.10%,

3/8/2023

250,000

250,000

Self

Help

Federal

Credit

Union,

0.30%,

7/3/2023

(e) 1,000,000

980,216

Spring

Bank,

0.50%,

3/29/2023

250,000

250,000

TOTAL

CERTIFICATES

OF

DEPOSIT

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $1,500,000)

1,480,216

Description

Number

of

Contracts

Notional

Amount

Exercise

Price

Expiration

Date

Fair

Value

Put

Options

Purchased

—

0.75%

Invesco

QQQ

ETF

Trust

$

10,651,200

$

270.00 January

2023

328,800

iShares,

Inc.

MSCI

Germany

ETF

1,375

3,400,375

19.00 April

2023

30,250

Appleseed

Fund

Schedule

of

Investments

(continued)

December

31,

2022

-

(Unaudited)

Put

Options

Purchased

—

0.75%

-

continued

iShares,

Inc.

MSCI

Germany

ETF

1,400

$

3,462,200

$

20.50 January

2023

$

7,000

iShares,

Inc.

MSCI

Germany

ETF

1,300

3,214,900

20.00 January

2023

6,500

iShares,

Inc.

MSCI

Germany

ETF

1,350

3,338,550

20.00 April

2023

45,900

iShares,

Inc.

MSCI

Germany

ETF

1,112,850

21.50 January

2023

2,250

SPDR

S&P

500

ETF

Trust

900

34,418,700

355.00 January

2023

82,800

SPDR

S&P

500

ETF

Trust

700

26,770,100

360.00 January

2023

93,100

TOTAL

PUT

OPTIONS

PURCHASED

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

$2,815,614)

596,600

Money

Market

Funds

-

2.19%

Shares

Fair

Value

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

4.10%

(f) 1,742,416

1,742,416

TOTAL

MONEY

MARKET

FUNDS

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

$1,742,416)

1,742,416

Total

Investments

—

98.95%

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

$76,550,077)

78,629,339

Other

Assets

in

Excess

of

Liabilities

—

1.05%

835,889

Net

Assets

—

100.00%

$

79,465,228

(a) Non-income

producing

security.

(b) Illiquid

security.

The

total

fair

value

of

these

securities

as

of

December

31,

2022

was

$181,

representing

0.00%

of

net

assets.

(c) Security

is

currently

being

valued

according

to

the

fair

value

procedures

approved

by

the

Board

of

Trustees.

(d) Principal

amount

of

security

is

adjusted

periodically

based

on

changes

in

the

Consumer

Price

Index.

(e) Certificates

of

Deposit

purchased

through

Certificate

of

Deposit

Account

Registry

Service

("CDARS"). Deposits

occur

in

increments

below

the

standard

Federal

Deposit

Insurance

Corporation

("FDIC")

insurance

maximum

so

that

both

principal

and

interest

are

FDIC

Insured.

(f) Rate

disclosed

is

the

seven

day

effective

yield

as

of

December

31,

2022. ADR

-

American

Depositary

Receipt.

## 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:** APPLESEED FUND

- **b. EDGAR series identifier (if any):** S000014625

- **c. LEI of Series:** 5493008V5H9VKDRDMH13

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $79568443.48

**Total Liabilities:** $103215.41

**Net Assets:** $79465228.07

**Cash Not Reported:** $726456.63

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093602 | 2.21%                | -1.56%               | -2.96%               |
| Class ID C000040026 | 2.31%                | -1.63%               | -2.96%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2254499.62              | $3091458.83                                |
| Month 2  | $680699.06               | $1620572.12                                |
| Month 3  | $-1088109.91             | $-256299.07                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Simplify Exchange Traded Funds                 | Simplify Interest Rate Hedge ETF                       | CUSIP: 82889N855<br>LEI: 549300LDDEMEUCZQEO55 | Long             | EC               | RF                | US        |     16000 | NS      | $1145760.00   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | iShares, Inc. Put @ 20.5 Januray 2023                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |      1400 | NS      | $7000.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Ardelyx Inc                                    | Ardelyx, Inc.                                          | CUSIP: 039697107<br>LEI: 549300F542QR4SXHCY32 | Long             | EC               | CORP              | US        |   1000000 | NS      | $2850000.00   | 3.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                 | Moscow Exchange MICEX-RTS PJSC                         | CUSIP: X5504J102<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |   1300000 | NS      | $176.57       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Lumentum Holdings Incorporation                | Lumentum Holdings, Inc.                                | CUSIP: 55024U109<br>LEI: 549300JLWRRC38DWEF52 | Long             | EC               | CORP              | US        |     42000 | NS      | $2191140.00   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                         | Micron Technology, Inc.                                | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     33000 | NS      | $1649340.00   | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Nutrition Ltd                        | Herbalife Nutrition Ltd.                               | CUSIP: 42703MAD5<br>LEI: 549300BA7TYPBSZZIA41 | Long             | DBT              | CORP              | KY        |   2250000 | PA      | $2080125.00   | 2.62%             | 2024-03-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Ituran                                         | Ituran Location and Control Ltd.                       | CUSIP: M6158M104<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |    110000 | NS      | $2324300.00   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk Real Estate Investment Trust         | Boardwalk Real Estate Investment Trust                 | CUSIP: 096631106<br>LEI: 549300KXE6YWGWBI0U31 | Long             | EC               | CORP              | CA        |    110000 | NS      | $4015879.46   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                        | Alexander & Baldwin, Inc.                              | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75000 | NS      | $1404750.00   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                             | Mosaic Co./The                                         | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     60000 | NS      | $2632200.00   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Spring Bank                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| V.F. Corp                                      | VF Corp.                                               | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     64000 | NS      | $1767040.00   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                   | United States Treasury Inflation Indexed Bonds         | CUSIP: 912828B25<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    900000 | PA      | $1125603.43   | 1.42%             | 2024-01-15      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | SPDR S&P 500 ETF Trust Put @ 355 January 2023          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       900 | NS      | $82800.00     | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                           | AerCap Holdings NV                                     | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     30000 | NS      | $1749600.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                   | CF Industries Holdings, Inc.                           | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     30000 | NS      | $2556000.00   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Physical Gold Trust                     | Sprott Physical Gold Trust                             | CUSIP: 85207H104<br>LEI: N/A                  | Long             | EC               | RF                | CA        |    675000 | NS      | $9517500.00   | 11.98%            |  |  |  | No            |                  1 | On Loan: No      |
| Adidas AG                                      | adidas AG                                              | CUSIP: D0066B185<br>LEI: 549300JSX0Z4CW0V5023 | Long             | EC               | CORP              | DE        |     18000 | NS      | $2456665.60   | 3.09%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | iShares, Inc. Put @ 21.5 Januray 2023                  | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       450 | NS      | $2250.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia                             | Sberbank of Russia                                     | CUSIP: X76317100<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    324000 | NS      | $4.40         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| The Allstate Corporation                       | Allstate Corp.                                         | CUSIP: 020002101<br>LEI: OBT0W1ED8G0NWVOLOJ77 | Long             | EC               | CORP              | US        |     11000 | NS      | $1491600.00   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Money Market Obligations Trust                 | Federated Hermes Government Obligations Fund           | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   1742416 | PA      | $1742416.21   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Bollore SE                                     | Bollore SA                                             | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    550000 | NS      | $3074204.95   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                            | Community Development Bank                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Kraneshares Tr                                 | Kraneshares Trust California Carbon Allowance ETF      | CUSIP: 500767553<br>LEI: 549300VLDRC0RUX0E553 | Long             | EC               | RF                | US        |     55000 | NS      | $1277628.00   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Heron Therapeutics Inc.                        | Heron Therapeutics, Inc.                               | CUSIP: 427746102<br>LEI: 549300DR2I1DOPD2IX53 | Long             | EC               | CORP              | US        |    350000 | NS      | $875000.00    | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| 89bio Inc.                                     | 89Bio, Inc.                                            | CUSIP: 282559103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    100000 | NS      | $1273000.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc.                | SS&C Technologies Holdings, Inc.                       | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |     53000 | NS      | $2759180.00   | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association          | Federal National Mortgage Association, Series T, 8.25% | CUSIP: 313586737<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |    550000 | NS      | $1012000.00   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                     | Samsung Electronics Co. Ltd.                           | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     70000 | NS      | $3074125.25   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | iShares, Inc. Put @ 19 April 2023                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |      1375 | NS      | $30250.00     | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Self-Help Federal Credit Union(North Carolina) | Self Help Federal Credit Union                         | CUSIP: 81632NAX3<br>LEI: 549300UHEEV73TKCZY62 | Long             | STIV             | CORP              | US        |   1000000 | PA      | $980216.37    | 1.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Sprouts Farmers Markets Inc                    | Sprouts Farmers Market, Inc.                           | CUSIP: 85208M102<br>LEI: 529900P8F4G77Q52XE24 | Long             | EC               | CORP              | US        |     65000 | NS      | $2104050.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp.                               | Sony Group Corp.                                       | CUSIP: 835699307<br>LEI: 529900R5WX9N2OI2N910 | Long             | EC               | CORP              | JP        |     35000 | NS      | $2669800.00   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                   | United States Treasury Inflation Indexed Bonds         | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1137883.36   | 1.43%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Evercore Inc                                   | Evercore Partners, Inc.                                | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |     25000 | NS      | $2727000.00   | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | Invesco QQQ Put @ 270 January 2023                     | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       400 | NS      | $328800.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | SPDR S&P 500 ETF Trust Put @ 360 January 2023          | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |       700 | NS      | $93100.00     | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association          | Federal National Mortgage Association, Series S, 8.25% | CUSIP: 313586752<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |    525000 | NS      | $1228500.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CNB Financial Corp.                            | CNB Financial Corp.                                    | CUSIP: 126128107<br>LEI: 254900RUYUOKD91VNX69 | Long             | EC               | CORP              | US        |    100000 | NS      | $2379000.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Nutrition Ltd                        | Herbalife Ltd.                                         | CUSIP: G4412G101<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |    135000 | NS      | $2008800.00   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Incorporation                | Lumentum Holdings, Inc.                                | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1725000.00   | 2.17%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Van Eck Merk Gold Tr                           | VanEck Merk Gold Shares                                | CUSIP: 921078101<br>LEI: N/A                  | Long             | EC               | RF                | US        |    125000 | NS      | $2211250.00   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | iShares, Inc. Put @ 20 Januray 2023                    | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |      1300 | NS      | $6500.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MRC Global Inc                                 | MRC Global, Inc.                                       | CUSIP: 55345K103<br>LEI: 529900TSBPOLCLI2L582 | Long             | EC               | CORP              | US        |    200000 | NS      | $2316000.00   | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| THE OPTIONS CLEARING CORPORATION               | iShares, Inc. Put @ 20 April 2023                      | CUSIP: N/A<br>LEI: 549300CII6SLYGKNHA04       | Long             | DE               | CORP              | US        |      1350 | NS      | $45900.00     | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller