# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-23-017722
**Filing Date:** 2023-1
**Character Count:** 42507
**Document Hash:** 48a66e80f0412b63dd02d0b5f6daaba7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-017722.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001752724-23-017722

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20221130

**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:** 23566263

**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

### AUER GROWTH FUND (Series ID: S000020493)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000057444 | AUER GROWTH FUND | AUERX           |

## 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:** AUER GROWTH

- **b. EDGAR series identifier (if any):** S000020493

- **c. LEI of Series:** 549300XHPI3LTE313U92

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $40937978.82

**Total Liabilities:** $81526.93

**Net Assets:** $40856451.89

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000057444 | -10.48%              | 16.37%               | 2.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-3719320.90                               |
| Month 2  | $666741.90               | $4552425.60                                |
| Month 3  | $644233.20               | $373791.33                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| General Motors Company                        | General Motors Co.                                              | CUSIP: 37045V100<br>LEI: 54930070NSV60J38I987 | Long             | EC               | CORP              | US        |     20000 | NS      | $811200.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Landsea Homes Corp.                           | Landesa Home Corp.                                              | CUSIP: 51509P103<br>LEI: 549300RP8AZAKHNILS36 | Long             | EC               | CORP              | US        |     32000 | NS      | $175680.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| PAM Transportation Services Inc.              | PAM Transportation Services, Inc.                               | CUSIP: 693149106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4400 | NS      | $123332.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Metropolitan Bank Holding Corp                | Metropolitan Bank Holding Corp.                                 | CUSIP: 591774104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11500 | NS      | $730710.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelcenters Of America Inc                  | TravelCenters of America, Inc.                                  | CUSIP: 89421B109<br>LEI: 529900FQY3V2OO9M4Z65 | Long             | EC               | CORP              | US        |     15000 | NS      | $767250.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corporation                    | Peabody Energy Corp.                                            | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     17000 | NS      | $542980.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Northeast Community Bancorp Inc               | Northeast Community Bancorp Inc.                                | CUSIP: 664121100<br>LEI: 5493007BRYL8596Q9L26 | Long             | EC               | CORP              | US        |     13500 | NS      | $195075.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Herc Holdings Inc                             | HERC HOLDINGS IN                                                | CUSIP: 42704L104<br>LEI: 549300TP80QLITMSBP82 | Long             | EC               | CORP              | US        |      6500 | NS      | $833105.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                         | Range Resources Corp.                                           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     24000 | NS      | $692880.00    | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Latinoamericano De Comercio Exterior SA | Banco Latinoamericano de Comercio Exterior SA                   | CUSIP: P16994132<br>LEI: 549300CN3134K4LC0651 | Long             | EC               | CORP              | PA        |     12000 | NS      | $197880.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc.                        | SIGA Technologies, Inc.                                         | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     41000 | NS      | $376380.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc.                          | Cal-Maine Foods, Inc.                                           | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |      5700 | NS      | $332196.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter Bankshares Inc.                        | Carter Bankshares Inc.                                          | CUSIP: 146103106<br>LEI: 549300SO0M022D8D8358 | Long             | EC               | CORP              | US        |      8500 | NS      | $157590.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corporation                     | Valero Energy Corp.                                             | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |      1500 | NS      | $200430.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankfinancial Corp                            | BankFinancial Corp.                                             | CUSIP: 06643P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $394400.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Ladder Capital Corporation                    | Ladder Capital Corp.                                            | CUSIP: 505743104<br>LEI: 549300Q6LLV2QCV67C06 | Long             | EC               | CORP              | US        |     35000 | NS      | $388500.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Perion Network Ltd                            | Perion Network Ltd.                                             | CUSIP: M78673114<br>LEI: 529900SL7HYNVD6HG708 | Long             | EC               | CORP              | IL        |     31000 | NS      | $850330.00    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| HUB Group Inc                                 | Hub Group, Inc.                                                 | CUSIP: 443320106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9300 | NS      | $782595.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                       | Insteel Industries, Inc.                                        | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |      7500 | NS      | $221175.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Mammoth Energy Services, Inc.                 | Mammoth Energy Services, Inc.                                   | CUSIP: 56155L108<br>LEI: 549300ODHHN3MGXCQ803 | Long             | EC               | CORP              | US        |     33000 | NS      | $199320.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcbest Corporation                           | ArcBest Corp.                                                   | CUSIP: 03937C105<br>LEI: 5493006S3KBNE8ZS3J23 | Long             | EC               | CORP              | US        |      9500 | NS      | $786315.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Petroleum Inc./Marshall Islands      | Imperial Petroleum Inc.                                         | CUSIP: Y3894J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    435000 | NS      | $154990.50    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc.                   | Third Coast Bancshares Inc.                                     | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11000 | NS      | $216040.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Thorne Healthtech Inc                         | Thorne HealthTech Inc.                                          | CUSIP: 885260109<br>LEI: 549300VD2OYCM2I1IQ17 | Long             | EC               | CORP              | US        |     95000 | NS      | $456000.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corporation                            | Lennar Corp.                                                    | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |      9600 | NS      | $843168.00    | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Magyar Bancorp Inc                            | Magyar Bancorp Inc.                                             | CUSIP: 55977T208<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13500 | NS      | $174825.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Halliburton Company                           | Halliburton Co.                                                 | CUSIP: 406216101<br>LEI: ENYF8GB5SMQZ25S06U51 | Long             | EC               | CORP              | US        |     22300 | NS      | $844947.00    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Ranger Oil Corp.                              | Ranger Oil Corp.                                                | CUSIP: 70788V102<br>LEI: 5493003S4AVU6OSXB118 | Long             | EC               | CORP              | US        |     10000 | NS      | $435700.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Virco Mfg Corp                                | VIRCO MFG CORP                                                  | CUSIP: 927651109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $168000.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| First US Bancshares Inc                       | First US Bancshares, Inc.                                       | CUSIP: 33744V103<br>LEI: 54930017QY1V8LM2TC68 | Long             | EC               | CORP              | US        |     11500 | NS      | $97750.00     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Devices                                | Taylor Devices, Inc.                                            | CUSIP: 877163105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15700 | NS      | $210694.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios        | Fidelity Investments Money Market Funds  - Government Portfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    619601 | PA      | $619600.63    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| First National Corporation                    | First National Corp.                                            | CUSIP: 32106V107<br>LEI: 549300TDCMDRFUMP0106 | Long             | EC               | CORP              | US        |     11000 | NS      | $206140.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Maxlinear Inc                                 | MaxLinear, Inc.                                                 | CUSIP: 57776J100<br>LEI: 549300EMOI0SM2IY4F64 | Long             | EC               | CORP              | US        |     12000 | NS      | $439200.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF Energy Inc                                | PBF Energy, Inc.                                                | CUSIP: 69318G106<br>LEI: 2549003PBEDCSZMZIY02 | Long             | EC               | CORP              | US        |     19500 | NS      | $775515.00    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Super Micro Computer Inc.                     | Super Micro Computer, Inc.                                      | CUSIP: 86800U104<br>LEI: 54930022CZO1N2UGVW07 | Long             | EC               | CORP              | US        |      5800 | NS      | $523334.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Warrior Met Coal Inc                          | Warrior Met Coal, Inc.                                          | CUSIP: 93627C101<br>LEI: 549300152B1S9YKBYV79 | Long             | EC               | CORP              | US        |     11000 | NS      | $405020.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanmina Corp                                  | Sanmina Corp.                                                   | CUSIP: 801056102<br>LEI: X5K24XLM8QYRXF00EB42 | Long             | EC               | CORP              | US        |      6100 | NS      | $403149.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FutureFuel Corp.                              | FutureFuel Corp.                                                | CUSIP: 36116M106<br>LEI: 529900WYQZSMWFXLA845 | Long             | EC               | CORP              | US        |     50000 | NS      | $442000.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Pipe Co.                            | Northwest Pipe Co.                                              | CUSIP: 667746101<br>LEI: 54930056VW2CRCZ9RE54 | Long             | EC               | CORP              | US        |      5700 | NS      | $213522.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| BCB Bancorp Inc.                              | BCB BANCORP, INC.                                               | CUSIP: 055298103<br>LEI: 54930024V6Z8FYSN4291 | Long             | EC               | CORP              | US        |      8300 | NS      | $156455.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Wabash National Corporation                   | Wabash National Corp.                                           | CUSIP: 929566107<br>LEI: 5299004ZAWHQZI5XO485 | Long             | EC               | CORP              | US        |     39000 | NS      | $977730.00    | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes Inc                       | Dream Finders Homes, Inc.                                       | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18500 | NS      | $182040.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| LSB Industries Inc                            | LSB Industries, Inc.                                            | CUSIP: 502160104<br>LEI: 5493001H215A0HG0MI71 | Long             | EC               | CORP              | US        |     22500 | NS      | $347175.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Southwest Airlines Co.                        | Southwest Airlines Co.                                          | CUSIP: 844741108<br>LEI: UDTZ87G0STFETI6HGH41 | Long             | EC               | CORP              | US        |      4200 | NS      | $167622.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriserv Finl Inc                            | AmeriServ Financial, Inc.                                       | CUSIP: 03074A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46000 | NS      | $188140.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Paccar Inc                                    | PACCAR, Inc.                                                    | CUSIP: 693718108<br>LEI: KDTEY8BWE486IKZ3CC07 | Long             | EC               | CORP              | US        |      4000 | NS      | $423640.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Winnebago Industries Inc.                     | Winnebago Industries, Inc.                                      | CUSIP: 974637100<br>LEI: 549300B7OYKYJLTE3G11 | Long             | EC               | CORP              | US        |      6500 | NS      | $380835.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Commercial Metals Company                     | Commercial Metals Co.                                           | CUSIP: 201723103<br>LEI: 549300OQS2LO07ZJ7N73 | Long             | EC               | CORP              | US        |      7200 | NS      | $354384.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Epsilon Energy Limited                        | Epsilon Energy Ltd.                                             | CUSIP: 294375209<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     80000 | NS      | $588800.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Addvantage Tech Gp                            | ADDVANTAGE TECH GROUP INC                                       | CUSIP: 006743306<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90000 | NS      | $153900.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                            | Coterra Energy, Inc.                                            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     23000 | NS      | $641930.00    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearwater Paper Corporation                  | Clearwater Paper Corp.                                          | CUSIP: 18538R103<br>LEI: 549300HCVV19GXN4P292 | Long             | EC               | CORP              | US        |     10000 | NS      | $390300.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Marine Products Co                            | Marine Products Corp.                                           | CUSIP: 568427108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18000 | NS      | $209700.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Avnet, Inc.                                   | Avnet, Inc.                                                     | CUSIP: 053807103<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | EC               | CORP              | US        |      6100 | NS      | $275537.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Earthstone Energy Inc                         | Earthstone Energy, Inc.                                         | CUSIP: 27032D304<br>LEI: 54930081UTV7CK45XG14 | Long             | EC               | CORP              | US        |     50000 | NS      | $792000.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Sypris Solutions                              | Sypris Solutions, Inc.                                          | CUSIP: 871655106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     72000 | NS      | $163440.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| World Fuel Services Corp                      | World Fuel Services Corp.                                       | CUSIP: 981475106<br>LEI: D3W7PCXCBRQLL17DZ313 | Long             | EC               | CORP              | US        |     15000 | NS      | $426750.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Photronics Inc.                               | Photronics, Inc.                                                | CUSIP: 719405102<br>LEI: 549300OK5JVNIBNY6F63 | Long             | EC               | CORP              | US        |     40000 | NS      | $752000.00    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                         | Sensus Healthcare, Inc.                                         | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |     45000 | NS      | $300600.00    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonoco Products Company                       | Sonoco Products Co.                                             | CUSIP: 835495102<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | EC               | CORP              | US        |      4500 | NS      | $276165.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Titan Machinery Inc.                          | Titan Machinery, Inc.                                           | CUSIP: 88830R101<br>LEI: 549300835ZM8G0BT5C94 | Long             | EC               | CORP              | US        |     11200 | NS      | $493136.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust            | PennyMac Mortgage Investment Trust                              | CUSIP: 70931T103<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EC               | CORP              | US        |     28000 | NS      | $427560.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextier Oilfield Solutions Inc                | NexTier Oilfield Solutions, Inc.                                | CUSIP: 65290C105<br>LEI: 529900L27H2D4QT0IT24 | Long             | EC               | CORP              | US        |     13500 | NS      | $137565.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Heritage-Crystal Clean Inc.                   | Heritage-Crystal Clean, Inc.                                    | CUSIP: 42726M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13500 | NS      | $426600.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KB Home                                       | KB Home                                                         | CUSIP: 48666K109<br>LEI: 549300LGUCWQURMWLG09 | Long             | EC               | CORP              | US        |      8300 | NS      | $260537.00    | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty Energy Inc                            | Liberty Oilfield Services, Inc.                                 | CUSIP: 53115L104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23000 | NS      | $380190.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| RCM Technologies                              | RCM TECHNOLOGIES, INC.                                          | CUSIP: 749360400<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21000 | NS      | $320880.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Ascent Industries Co                          | Ascent Industries Co.                                           | CUSIP: 871565107<br>LEI: 549300U2S5125001TS43 | Long             | EC               | CORP              | US        |     12000 | NS      | $127560.00    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Mayville Engineering Company Inc              | Mayville Engineering Co., Inc.                                  | CUSIP: 578605107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     20000 | NS      | $255600.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Park Ohio Holdings Corp.                      | Park-Ohio Holdings Corp.                                        | CUSIP: 700666100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $200250.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alaska Air Group Incorporation                | Alaska Air Group, Inc.                                          | CUSIP: 011659109<br>LEI: 529900G48RT4KWLC6C27 | Long             | EC               | CORP              | US        |      8200 | NS      | $389008.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Jabil Inc                                     | Jabil, Inc.                                                     | CUSIP: 466313103<br>LEI: 5493000CGCQY2OQU7669 | Long             | EC               | CORP              | US        |      5500 | NS      | $397045.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Matador Resources Company                     | Matador Resources Co.                                           | CUSIP: 576485205<br>LEI: 549300CI3Q2UUK5R4G79 | Long             | EC               | CORP              | US        |      6300 | NS      | $418068.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| GEE Group Inc                                 | GEE Group, Inc.                                                 | CUSIP: 36165A102<br>LEI: 549300FHWV21VESO1Y46 | Long             | EC               | CORP              | US        |    220000 | NS      | $176000.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Penns Woods Bancor                            | Penns Woods Bancorp Inc.                                        | CUSIP: 708430103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $206880.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Maritime Ltd                           | Globus Maritime Ltd.                                            | CUSIP: Y27265126<br>LEI: 549300UI7941O67A7N93 | Long             | EC               | CORP              | MH        |     88000 | NS      | $120560.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| PDC Energy, Inc.                              | PDC Energy, Inc.                                                | CUSIP: 69327R101<br>LEI: 5493008W8H2T511J5Y59 | Long             | EC               | CORP              | US        |      2100 | NS      | $156072.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                            | Mosaic Co./The                                                  | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |      4800 | NS      | $246240.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Euroseas Ltd                                  | Euroseas Ltd.                                                   | CUSIP: Y23592135<br>LEI: 213800ADWWZOFC9KU444 | Long             | EC               | CORP              | MH        |     37500 | NS      | $763875.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                         | Investar Holding Corp.                                          | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |      7500 | NS      | $166050.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyline Champion Corporation                  | Skyline Champion Corp.                                          | CUSIP: 830830105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6000 | NS      | $311940.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Phx Minerals Inc                              | PHX Minerals Inc.                                               | CUSIP: 69291A100<br>LEI: 5493007OI1JOF1QSPE51 | Long             | EC               | CORP              | US        |     90000 | NS      | $324900.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Devon Energy Corporation                      | Devon Energy Corp.                                              | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |      3000 | NS      | $205560.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Costamare Inc.                                | Costamare, Inc.                                                 | CUSIP: Y1771G102<br>LEI: 5299003L6NPTZ25LN818 | Long             | EC               | CORP              | MH        |     32000 | NS      | $308480.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Mainstreet Bancshares Inc                     | MainStreet Bancshares, Inc.                                     | CUSIP: 56064Y100<br>LEI: 549300FHZZP7SP56TS88 | Long             | EC               | CORP              | US        |     14000 | NS      | $404600.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Richardson Electronics, Ltd.                  | Richardson Electronics Ltd./United States                       | CUSIP: 763165107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9700 | NS      | $246768.00    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Washington Federal Inc                        | Washington Federal, Inc.                                        | CUSIP: 938824109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4300 | NS      | $151661.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Perma Pipe International Hld Inc              | Perma-Pipe International Holdings, Inc.                         | CUSIP: 714167103<br>LEI: 549300QBMR25XXRKXK93 | Long             | EC               | CORP              | US        |     12500 | NS      | $122000.00    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| US Silica Holdings Inc                        | U.S. Silica Holdings, Inc.                                      | CUSIP: 90346E103<br>LEI: 529900HOXGPM9F75C193 | Long             | EC               | CORP              | US        |     15000 | NS      | $196350.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Occidental Petroleum Corporation              | Occidental Petroleum Corp.                                      | CUSIP: 674599105<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | EC               | CORP              | US        |      5600 | NS      | $389144.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Ring Energy Inc                               | Ring Energy, Inc.                                               | CUSIP: 76680V108<br>LEI: 549300HMY6TJ265I8S64 | Long             | EC               | CORP              | US        |    190000 | NS      | $513000.00    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Intrepid Potash Inc.                          | Intrepid Potash, Inc.                                           | CUSIP: 46121Y201<br>LEI: 549300OZ696E2PRRTO45 | Long             | EC               | CORP              | US        |     18000 | NS      | $648900.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ramaco Resources Inc.                         | Ramaco Resources, Inc.                                          | CUSIP: 75134P303<br>LEI: 5493001BYUI4TCQOPF70 | Long             | EC               | CORP              | US        |     64000 | NS      | $732800.00    | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers, Inc.                           | Toll Brothers, Inc.                                             | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |      4000 | NS      | $191640.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankwell Financial Group, Inc.                | Bankwell Financial Group, Inc.                                  | CUSIP: 06654A103<br>LEI: 5493004NUBQXPY84NX67 | Long             | EC               | CORP              | US        |      5000 | NS      | $147950.00    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Forestar Group Inc.                           | Forestar Group, Inc.                                            | CUSIP: 346232101<br>LEI: 549300BC2UB0GHV60V70 | Long             | EC               | CORP              | US        |      4700 | NS      | $69701.00     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Murphy Oil Corporation                        | Murphy Oil Corp.                                                | CUSIP: 626717102<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | EC               | CORP              | US        |     17200 | NS      | $811840.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Advansix Inc                                  | AdvanSix, Inc.                                                  | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |      8300 | NS      | $341628.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| OceanFirst Financial Corp.                    | OceanFirst Financial Corp.                                      | CUSIP: 675234108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8000 | NS      | $186880.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Consumer Portfolio Services Incorporation     | Consumer Portfolio Services, Inc.                               | CUSIP: 210502100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $344800.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mexco Energy Corp                             | Mexco Energy Corp.                                              | CUSIP: 592770101<br>LEI: 5493008QUKSJK9IE4453 | Long             | EC               | CORP              | US        |      9400 | NS      | $137240.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Rayonier Advanced Materials Inc               | Rayonier Advanced Materials, Inc.                               | CUSIP: 75508B104<br>LEI: 54930053QJ7OUGZG4F72 | Long             | EC               | CORP              | US        |     27000 | NS      | $208980.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                   | Nutrien Ltd.                                                    | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |      5000 | NS      | $402000.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                                   | Phillips 66                                                     | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |      7100 | NS      | $769924.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| JetBlue Airways Corporation                   | JetBlue Airways Corp.                                           | CUSIP: 477143101<br>LEI: 54930070J9H97ZO93T57 | Long             | EC               | CORP              | US        |     48000 | NS      | $382080.00    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Of Princeton New Jersey                  | The Bank of Princeton                                           | CUSIP: 064520109<br>LEI: 549300EMC7T53UNNNA58 | Long             | EC               | CORP              | US        |      4000 | NS      | $130200.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| United Microelectronics Corp                  | United Microelectronics Corp.                                   | CUSIP: 910873405<br>LEI: 391200YJCAGH9LF96P73 | Long             | EC               | CORP              | TW        |     30000 | NS      | $226200.00    | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Comstock Resources, Inc.                      | Comstock Resources, Inc.                                        | CUSIP: 205768302<br>LEI: I03QQGEA4SS774AURI46 | Long             | EC               | CORP              | US        |     20000 | NS      | $367000.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-11-30

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller