# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-23-041514
**Filing Date:** 2023-2
**Character Count:** 14922
**Document Hash:** c3cb93de6099b0106aa471434896cd04
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041514.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041514

**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**: 20230331

**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:** 23671493

**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 SELECT VALUE ETF (Series ID: S000067086)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000215804 | ABSOLUTE SELECT VALUE ETF | ABEQ            |

## Nport-Ex

Absolute

Select

Value

ETF

Schedule

of

Investments

December

31,

2022

-

(unaudited)

Common

Stocks

—

81.15%

Shares

Fair

Value

Canada

—

13.85%

Energy

—

4.39%

Enbridge,

Inc.

97,511

$

3,812,680

Materials

—

9.46%

Agnico

Eagle

Mines

Ltd.

97,997

5,094,864

Barrick

Gold

Corp.

182,375

3,133,203

8,228,067

Total

Canada

12,040,747

Ireland

—

3.01%

Financials

—

3.01%

Medtronic

PLC

33,732

2,621,651

Total

Ireland

2,621,651

United

Kingdom

—

4.80%

Consumer

Staples

—

4.80%

Unilever

PLC

-

ADR

82,856

4,171,800

Total

United

Kingdom

4,171,800

United

States

—

59.49%

Communications

—

6.42%

Comcast

Corp.,

Class

A

81,998

2,867,470

Verizon

Communications,

Inc.

68,973

2,717,536

5,585,006

Consumer

Discretionary

—

3.10%

Starbucks

Corp.

13,752

1,364,199

TJX

Cos.,

Inc.

(The)

16,782

1,335,847

2,700,046

Consumer

Staples

—

3.48%

Ingredion,

Inc.

30,915

3,027,506

Energy

—

12.36%

Berkshire

Hathaway,

Inc.,

Class

B

(a) 25,511

7,880,348

EOG

Resources,

Inc.

22,188

2,873,790

10,754,138

Financials

—

9.21%

Loews

Corp.

81,671

4,763,869

Travelers

Cos.,

Inc.

(The)

17,322

3,247,702

8,011,571

Health

Care

—

5.32%

Merck

&

Co.,

Inc.

41,740

4,631,053

Materials

—

9.09%

Corteva,

Inc.

55,273

3,248,947

DuPont

de

Nemours,

Inc.

67,861

4,657,300

7,906,247

Absolute

Select

Value

ETF

Schedule

of

Investments

(continued)

December

31,

2022

-

(unaudited)

United

States

—

59.49%

(continued)

Real

Estate

—

4.43%

Equity

Commonwealth

124,072

$

3,098,078

Jones

Lang

LaSalle,

Inc.

(a) 4,744

756,051

3,854,129

Technology

—

3.24%

Cisco

Systems,

Inc.

59,210

2,820,764

Utilities

—

2.84%

Dominion

Energy,

Inc.

40,239

2,467,455

Total

United

States

51,757,915

Total Common

Stocks

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $67,108,420)

70,592,113

U.S.

Government

&

Agencies

(b) —

13.63%

Principal

Amount

Fair

Value

United

States

Cash

Management

Bill

4.04%,

2/7/2023

$

3,000,000

2,988,610

United

States

Treasury

Bill

4.33%,

4/13/2023

3,000,000

2,966,167

United

States

Treasury

Bill

4.39%,

4/27/2023

3,000,000

2,957,775

United

States

Treasury

Bill

4.23%,

6/15/2023

3,000,000

2,939,592

11,852,144

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

&nbsp;&nbsp;&nbsp;&nbsp;(Cost $11,852,196)

11,852,144

Total

Investments

—

94.78%

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

$78,960,616)

82,444,257

Other

Assets

in

Excess

of

Liabilities

—

5.22%

4,537,223

Net

Assets

—

100.00%

$

86,981,480

(a) Non-income

producing

security.

(b) The

rate

shown

represents

effective

yield

at

time

of

purchase.

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:** ABSOLUTE SELECT VALUE ETF

- **b. EDGAR series identifier (if any):** S000067086

- **c. LEI of Series:** 5493007XLR78NZO4WD80

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

- **a. Date of fiscal year-end:** 2023-03-31

- **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:** $87752619.06

**Total Liabilities:** $771139.40

**Net Assets:** $86981479.66

**Cash Not Reported:** $5131849.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215804 | 7.32%                | 5.78%                | -1.68%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $56642.80                | $5347465.31                                |
| Month 2  | $123026.64               | $4271144.93                                |
| Month 3  | $0.00                    | $-1570700.98                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd          | Agnico Eagle Mines Ltd.                               | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     97997 | NS      | $5094864.03   | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                    | Unilever plc                                          | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     82856 | NS      | $4171799.60   | 4.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation             | Comcast Corporation                                   | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     81998 | NS      | $2867470.06   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                   | Medtronic plc                                         | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     33732 | NS      | $2621651.04   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated | Jones Lang LaSalle, Inc.                              | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      4744 | NS      | $756051.28    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc           | DuPont de Nemours, Inc.                               | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     67861 | NS      | $4657300.43   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corporation           | Starbucks Corporation                                 | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |     13752 | NS      | $1364198.40   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corporation        | Barrick Gold Corporation                              | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |    182375 | NS      | $3133202.50   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.         | Berkshire Hathaway, Inc.                              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     25511 | NS      | $7880347.90   | 9.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                     | Corteva, Inc.                                         | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     55273 | NS      | $3248946.94   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Companies, Inc.       | Travelers Companies, Inc. (The)                       | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     17322 | NS      | $3247701.78   | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.     | Verizon Communications, Inc.                          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     68973 | NS      | $2717536.20   | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills    | United States Treasury Bill 0%, Due 04/27/2023        | CUSIP: 912796YV5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2957774.88   | 3.40%             | 2023-04-27      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Dominion Energy Inc             | Dominion Energy, Inc.                                 | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     40239 | NS      | $2467455.48   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills    | United States Treasury Bill 0%, Due 06/15/2023        | CUSIP: 912796X53<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2939591.52   | 3.38%             | 2023-06-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| EOG Resources, Inc.             | EOG Resources, Inc.                                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     22188 | NS      | $2873789.76   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated          | Ingredion, Inc.                                       | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     30915 | NS      | $3027505.95   | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth             | Equity Commonwealth                                   | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |    124072 | NS      | $3098077.84   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills    | United States Treasury Bill 0%, Due 04/13/2023        | CUSIP: 912796YU7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2966166.66   | 3.41%             | 2023-04-13      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Cisco Systems, Inc.             | Cisco Systems, Inc.                                   | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     59210 | NS      | $2820764.40   | 3.24%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies Inc.          | TJX Companies, Inc. (The)                             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     16782 | NS      | $1335847.20   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                | Merck & Company, Inc.                                 | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     41740 | NS      | $4631053.00   | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Bills    | United States Cash Management Bill 0%, Due 02/07/2023 | CUSIP: 912796ZT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2988610.89   | 3.44%             | 2023-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Enbridge Incorporation          | Enbridge, Inc.                                        | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     97511 | NS      | $3812680.10   | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation               | Loews Corporation                                     | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     81671 | NS      | $4763869.43   | 5.48%             |  |  |  | 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