# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-002634
**Filing Date:** 2025-10
**Character Count:** 38513
**Document Hash:** 09d9c1ed8977bc2a99f31231efca3621
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-002634.hdr.sgml**: 20251029

**ACCESSION NUMBER**: 0000910472-25-002634

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251029

**DATE AS OF CHANGE**: 20251029

**PERIOD START**: 20251130

**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:** 251429475

**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           |

## Nport-Ex

Auer

Growth

Fund

Schedule

of

Investments

August

31,

2025

(Unaudited)

COMMON

STOCKS

—

92.62%

Shares

Fair

Value

Communications

—

1.51%

Intelligent

Protection

Management

Corp.

(a) 125,000

$

241,250

Opera

Ltd.

-

ADR

(a) 34,000

552,500

793,750

Consumer

Discretionary

—

1.74%

Legacy

Education,

Inc.

(a) 25,000

301,500

Standard

Motor

Products,

Inc.

16,000

620,960

922,460

Consumer

Staples

—

0.59%

Coffee

Holding

Company,

Inc.

(a) 75,000

313,500

Energy

—

17.29%

Antero

Resources

Corp.

(a) 24,000

766,080

APA

Corp.

22,000

510,840

BKV

Corp.

(a) 24,000

559,440

Coterra

Energy,

Inc.

21,000

513,240

Crescent

Energy

Co.,

Class

A

112,000

1,068,480

Electrovaya,

Inc.

(a) 70,000

424,900

Epsilon

Energy

Ltd.

(a) 33,000

193,380

EQT

Corp.

9,000

466,560

Expand

Energy

Corp.

5,000

483,900

Greenfire

Resources

Ltd.

(a) 83,000

428,280

Gulport

Energy

Corp.

(a) 1,500

261,045

North

American

Construction

Group

Ltd.

(a) 65,000

888,550

Range

Resources

Corp.

13,500

462,645

Ring

Energy,

Inc.

(a) 550,000

599,500

SandRidge

Energy,

Inc.

(a) 90,000

1,065,600

Vista

Energy

SAB

de

CV

-

ADR

(a) 11,500

448,270

9,140,710

Financials

—

27.97%

Angel

Oak

Mortgage

REIT,

Inc.

(a) 21,000

207,060

Ategrity

Specialty

Holdings,

LLC

(a) 26,000

588,640

Banc

of

California,

Inc.

37,000

626,040

BankUnited,

Inc.

9,000

352,710

Bankwell

Financial

Group,

Inc.

(a) 6,500

274,820

Capitol

Federal

Financial,

Inc.

(a) 51,000

330,480

Carter

Bankshares,

Inc.

(a) 17,000

330,820

CF

Bankshares,

Inc.

(a) 10,000

246,000

Citigroup,

Inc.

7,700

743,589

Dime

Community

Bancshares,

Inc.

16,000

492,160

Eagle

Bancorp

Montana,

Inc.

(a) 20,000

350,600

First

Internet

Bancorp

(a) 36,000

904,140

First

Savings

Financial

Group,

Inc.

(a) 15,000

411,300

First

Western

Financial,

Inc.

(a) 10,000

233,600

Hamilton

Insurance

Group

Ltd.

(a) 60,000

1,430,400

Hanover

Bancorp,

Inc.

(a) 16,000

360,800

Auer

Growth

Fund

Schedule

of

Investments

(continued)

August

31,

2025

(Unaudited)

COMMON

STOCKS

—

92.62%

-

(continued)

Shares

Fair

Value

Financials

—

27.97%

-

(continued)

Investar

Holding

Corp.

15,000

$

351,600

KeyCorp

28,000

542,080

Lincoln

National

Corp.

30,000

1,287,900

Meridian

Bank

(a) 15,000

236,100

NB

Bancorp,

Inc.

(a) 16,000

302,240

NerdWallet,

Inc.,

Class

A

(a) 27,000

279,180

Northfield

Bancorp,

Inc.

(a) 24,000

284,400

Parke

Bancorp,

Inc.

(a) 11,000

248,050

PCB

Bancorp

(a) 11,000

243,100

Redwood

Trust,

Inc.

47,000

287,640

Shore

Bancshares,

Inc.

(a) 22,500

386,775

Sunrise

Realty

Trust,

Inc.

(a) 22,000

243,320

Texas

Capital

Bancshares,

Inc.

(a) 6,000

519,420

Third

Coast

Bancshares,

Inc.

(a) 9,000

358,470

VersaBank

(a) 47,000

515,590

Waterstone

Financial,

Inc.

(a) 18,000

269,820

White

Mountains

Insurance

Group

Ltd.

(a) 300

549,054

14,787,898

Health

Care

—

13.30%

Aurinia

Pharmaceuticals,

Inc.

(a) 130,000

1,558,700

Catalyst

Pharmaceuticals,

Inc.

(a) 60,000

1,235,400

CorMedix,

Inc.

(a) 117,000

1,735,110

Harmony

Biosciences

Holdings,

Inc.

(a) 25,000

922,250

Incyte

Corp.

(a) 7,000

592,270

Kewaunee

Scientific

Corp.

(a) 5,000

283,450

Phibro

Animal

Health

Corp.,

Class

A

19,000

704,330

7,031,510

Industrials

—

6.04%

AerSale

Corp.

(a) 30,000

258,900

Euroseas

Ltd.

(a) 6,000

373,620

Insteel

Industries,

Inc.

31,000

1,189,780

Perma-Pipe

International

Holdings,

Inc.

(a) 12,000

357,480

Seanergy

Maritime

Holdings

Corp.

(a) 130,000

1,012,700

3,192,480

Materials

—

18.24%

Aris

Mining

Corp.

(a) 36,000

312,480

B2Gold

Corp.

375,000

1,548,750

Caledonia

Mining

Corp.

PLC

(a) 20,000

511,600

ERO

Copper

Corp.

(a) 35,000

501,900

Galiano

Gold,

Inc.

(a) 450,000

976,500

Harmony

Gold

Mining

Co.

Ltd.

-

ADR

20,000

265,600

Integra

Resources

Corp.

(a) 135,000

309,150

Kinross

Gold

Corp.

63,000

1,316,700

New

Gold,

Inc.

(a) 225,000

1,327,500

Newmont

Goldcorp

Corp.

14,000

1,041,600

Auer

Growth

Fund

Schedule

of

Investments

(continued)

August

31,

2025

(Unaudited)

COMMON

STOCKS

—

92.62%

-

(continued)

Shares

Fair

Value

Materials

—

18.24%

-

(continued)

Silvercorp

Metals,

Inc.

(a) 95,000

$

459,800

Smith-Midland

Corp.

(a) 7,000

302,190

SSR

Mining,

Inc.

(a) 40,000

772,400

9,646,170

Real

Estate

—

1.88%

Howard

Hughes

Holdings,

Inc.

(a) 13,000

991,510

Technology

—

3.16%

BOS

Better

Online

Solutions

Ltd.

(a) 50,000

240,500

Micron

Technology,

Inc.

12,000

1,428,120

1,668,620

Utilities

—

0.90%

National

Fuel

Gas

Co.

(a) 5,500

477,070

Total

Common

Stocks

(Cost $42,171,156)

48,965,678

MONEY

MARKET

FUNDS

—

6.69%

Fidelity

Investments

Money

Market

Government

Portfolio,

Class

I,

4.21%

(b) 3,538,206

3,538,206

Total

Money

Market

Funds

(Cost

$3,538,206)

3,538,206

Total

Investments

—

99.31%

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

$45,709,362)

52,503,884

Other

Assets

in

Excess

of

Liabilities — 0.69%

367,379

NET

ASSETS

—

100.00%

$

52,871,263

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

August

31,

2025. 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:** 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:** 2025-11-30

- **b. Date as of which information is reported:** 2025-08-31

**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:** $53237190.31

**Total Liabilities:** $372780.20

**Net Assets:** $52864410.11

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000057444 | 5.35%                | 0.43%                | 12.39%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1533811.81              | $821501.83                                 |
| Month 2  | $-22695.66               | $240155.90                                 |
| Month 3  | $-750782.25              | $6567591.37                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Smith-Midland Corp                      | Smith-Midland Corp                                              | CUSIP: 832156103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $302190.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Fed Fin In                      | Capitol Federal Financial, Inc.                                 | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51000 | NS      | $330480.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Versabank New                           | VersaBank                                                       | CUSIP: 92512J106<br>LEI: 549300RUBSDFVNCR7415 | Long             | EC               | CORP              | US        |     47000 | NS      | $515590.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| PCB Bancorp                             | PCB Bancorp                                                     | CUSIP: 69320M109<br>LEI: 549300E5CI0LZ8Q25890 | Long             | EC               | CORP              | US        |     11000 | NS      | $243100.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Corporation                    | Meridian Bank of Malvern, PA                                    | CUSIP: 58958P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $236100.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Ero Copper Corp                         | ERO Copper Corp                                                 | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     35000 | NS      | $501900.00    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                   | Range Resources Corp.                                           | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     13500 | NS      | $462645.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Carter Bankshares Inc.                  | Carter Bankshares Inc.                                          | CUSIP: 146103106<br>LEI: 549300SO0M022D8D8358 | Long             | EC               | CORP              | US        |     17000 | NS      | $330820.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                 | KeyCorp                                                         | CUSIP: 493267108<br>LEI: RKPI3RZGV1V1FJTH5T61 | Long             | EC               | CORP              | US        |     28000 | NS      | $542080.00    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Hanover Bancorp Inc                     | Hanover Bancorp, Inc.                                           | CUSIP: 410709109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $360800.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BankUnited Inc.                         | BankUnited, Inc.                                                | CUSIP: 06652K103<br>LEI: 96OVUWEW5D4YX6PFXD91 | Long             | EC               | CORP              | US        |      9000 | NS      | $352710.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd              | Harmony Gold Mining Co. Ltd.                                    | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     20000 | NS      | $265600.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Aris Mining Corp.                       | Aris Mining Corp                                                | CUSIP: 04040Y109<br>LEI: 5493001GJ5TILX6L1F82 | Long             | EC               | CORP              | CA        |     36000 | NS      | $312480.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                 | Insteel Industries, Inc.                                        | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     31000 | NS      | $1189780.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company               | National Fuel Gas Co.                                           | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      5500 | NS      | $477070.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Bankshares Inc                       | CF Bankshares, Inc.                                             | CUSIP: 12520L109<br>LEI: 5493005T7GGZJKF4UK64 | Long             | EC               | CORP              | US        |     10000 | NS      | $246000.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                  | Lincoln National Corp.                                          | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     30000 | NS      | $1287900.00   | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Silvercorp Metals Inc.                  | Silvercorp Metals Inc.                                          | CUSIP: 82835P103<br>LEI: 52990092RT3UCQ7G3177 | Long             | EC               | CORP              | CA        |     95000 | NS      | $459800.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc.             | Howard Hughes Holdings Inc                                      | CUSIP: 44267T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $991510.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc.             | Third Coast Bancshares Inc.                                     | CUSIP: 88422P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $358470.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| White Mountains Insurance Group Ltd.    | White Mountains Insurance Group Ltd.                            | CUSIP: G9618E107<br>LEI: 549300N3FL068JERBG02 | Long             | EC               | CORP              | BM        |       300 | NS      | $549054.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Coffee Hldg Co Inc                      | Coffee Holding Co., Inc.                                        | CUSIP: 192176105<br>LEI: 549300FD5P29KIHQU051 | Long             | EC               | CORP              | US        |     75000 | NS      | $313500.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| North American Construction GRP Ltd     | North American Construction Group Ltd.                          | CUSIP: 656811106<br>LEI: 549300DQ6060LO4XGI15 | Long             | EC               | CORP              | CA        |     65000 | NS      | $888550.00    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterstone Financial Inc. (Maryland)    | Waterstone Financial, Inc.                                      | CUSIP: 94188P101<br>LEI: 5493002KM21XRC2DCQ02 | Long             | EC               | CORP              | US        |     18000 | NS      | $269820.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Shore Bancshares Inc.                   | Shore Bancshares, Inc.                                          | CUSIP: 825107105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22500 | NS      | $386775.00    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Montana Inc               | Eagle Bancorp Montana, Inc.                                     | CUSIP: 26942G100<br>LEI: 549300P2SVRIY3YU1412 | Long             | EC               | CORP              | US        |     20000 | NS      | $350600.00    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.           | Catalyst Pharmaceuticals, Inc.                                  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     60000 | NS      | $1235400.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Nerdwallet Inc                          | NerdWallet Inc                                                  | CUSIP: 64082B102<br>LEI: 254900FJ2Y4SH71DJ379 | Long             | EC               | CORP              | US        |     27000 | NS      | $279180.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust        | Fidelity Investments Money Market Funds  - Government Portfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   3538206 | PA      | $3538205.95   | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                         | EQT Corp.                                                       | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      9000 | NS      | $466560.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp.                 | First Internet Bancorp                                          | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     36000 | NS      | $904140.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                          | Citigroup, Inc.                                                 | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      7700 | NS      | $743589.00    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Realty Trust Inc.               | Sunrise Realty Trust, Inc.                                      | CUSIP: 867981102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22000 | NS      | $243320.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                       | Redwood Trust, Inc.                                             | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     47000 | NS      | $287640.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Phibro Animal Health Corporation        | Phibro Animal Health Corp.                                      | CUSIP: 71742Q106<br>LEI: 549300U24SP4AF2JUX52 | Long             | EC               | CORP              | US        |     19000 | NS      | $704330.00    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Epsilon Energy Limited                  | Epsilon Energy Ltd.                                             | CUSIP: 294375209<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     33000 | NS      | $193380.00    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc        | Harmony Biosciences Holdings, Inc.                              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $922250.00    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                            | B2Gold Corp.                                                    | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    375000 | NS      | $1548750.00   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                      | Coterra Energy, Inc.                                            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     21000 | NS      | $513240.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy S.A.B. de C.V.             | Vista Energy SAB de CV                                          | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     11500 | NS      | $448270.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Intelligent Protection Management Corp. | Intelligent Protection Management Corporation                   | CUSIP: 69764K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $241250.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Parke Bancorp Inc.                      | Parke Bancorp, Inc.                                             | CUSIP: 700885106<br>LEI: 5493000JF1TWXVD0CR78 | Long             | EC               | CORP              | US        |     11000 | NS      | $248050.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation            | Antero Resources Corp.                                          | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     24000 | NS      | $766080.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Galiano Gold Inc                        | Galiano Gold, Inc.                                              | CUSIP: 36352H100<br>LEI: 529900V13XJFM0VPGC86 | Long             | EC               | CORP              | CA        |    450000 | NS      | $976500.00    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NB Bancorp Inc.                         | NB Bancorp Inc                                                  | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $302240.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                          | SSR Mining, Inc.                                                | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | CA        |     40000 | NS      | $772400.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold, Inc.                          | New Gold, Inc.                                                  | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |    225000 | NS      | $1327500.00   | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Aurinia Pharmaceuticals Inc             | Aurinia Pharmaceuticals, Inc.                                   | CUSIP: 05156V102<br>LEI: 5299008YP2BW4570ML28 | Long             | EC               | CORP              | US        |    130000 | NS      | $1558700.00   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| First Western Financial Inc.            | First Western Financial Inc                                     | CUSIP: 33751L105<br>LEI: 549300PPOGX4C7S66B47 | Long             | EC               | CORP              | US        |     10000 | NS      | $233600.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.          | Dime Community Bancshares, Inc.                                 | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $492160.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc.                 | Northfield Bancorp, Inc.                                        | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24000 | NS      | $284400.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| APA Corp.                               | APA Corp.                                                       | CUSIP: 03743Q108<br>LEI: 549300VCIWLRHYVSHC79 | Long             | EC               | CORP              | US        |     22000 | NS      | $510840.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| B.O.S. Better Online Solutions Ltd.     | BOS Better On-Line Solutions                                    | CUSIP: M20115180<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     50000 | NS      | $240500.00    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corporation                     | Newmont Goldcorp Corp.                                          | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |     14000 | NS      | $1041600.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Greenfire Resources Ltd.                | Greenfire Resources Ltd                                         | CUSIP: 39525U107<br>LEI: 254900MTS0G2VGMJW059 | Long             | EC               | CORP              | US        |     83000 | NS      | $428280.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.          | Texas Capital Bancshares, Inc.                                  | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      6000 | NS      | $519420.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Legacy Education Inc                    | Legacy Education Inc                                            | CUSIP: 52474R207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     25000 | NS      | $301500.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Kewaunee Scientific Corp.               | KEWAUNEE SCIENTIFIC CORPORATION                                 | CUSIP: 492854104<br>LEI: 549300Z8MHH8NUYXQ229 | Long             | EC               | CORP              | US        |      5000 | NS      | $283450.00    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Euroseas Ltd                            | Euroseas Ltd.                                                   | CUSIP: Y23592135<br>LEI: 213800ADWWZOFC9KU444 | Long             | EC               | CORP              | MH        |      6000 | NS      | $373620.00    | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                   | Investar Holding Corp.                                          | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |     15000 | NS      | $351600.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Ategrity Specialty Holdings LLC         | Ategrity Specialty Holdings, LLC                                | CUSIP: 04681Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26000 | NS      | $588640.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| AerSale Corporation                     | AerSale Corp.                                                   | CUSIP: 00810F106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $258900.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CorMedix Inc.                           | CorMedix Inc                                                    | CUSIP: 21900C308<br>LEI: 5299006YIA3L0MBW8358 | Long             | EC               | CORP              | US        |    117000 | NS      | $1735110.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Perma Pipe International Hld Inc        | Perma-Pipe International Holdings, Inc.                         | CUSIP: 714167103<br>LEI: 549300QBMR25XXRKXK93 | Long             | EC               | CORP              | US        |     12000 | NS      | $357480.00    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Seanergy Maritime Holdings Corp.        | Seanergy Maritime Holdings Corp                                 | CUSIP: Y73760400<br>LEI: 213800S7JIZA8FZXF245 | Long             | EC               | CORP              | US        |    130000 | NS      | $1012700.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Ring Energy Inc                         | Ring Energy, Inc.                                               | CUSIP: 76680V108<br>LEI: 549300HMY6TJ265I8S64 | Long             | EC               | CORP              | US        |    550000 | NS      | $599500.00    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Electrovaya Inc                         | Electrovaya, Inc.                                               | CUSIP: 28617B606<br>LEI: 529900I7K6S0AGKS2R30 | Long             | EC               | CORP              | CA        |     70000 | NS      | $424900.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandridge Energy, Inc.                  | SandRidge Energy, Inc.                                          | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |     90000 | NS      | $1065600.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corporation                         | BKV Corp.                                                       | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |     24000 | NS      | $559440.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                 | Banc of California, Inc.                                        | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     37000 | NS      | $626040.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                      | Kinross Gold Corp.                                              | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     63000 | NS      | $1316700.00   | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corporation           | Integra Resources Corp                                          | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |    135000 | NS      | $309150.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc.                  | Micron Technology, Inc.                                         | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     12000 | NS      | $1428120.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankwell Financial Group, Inc.          | Bankwell Financial Group, Inc.                                  | CUSIP: 06654A103<br>LEI: 5493004NUBQXPY84NX67 | Long             | EC               | CORP              | US        |      6500 | NS      | $274820.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Motor Products, Inc.           | Standard Motor Products, Inc.                                   | CUSIP: 853666105<br>LEI: THGK1EO5B5HK0JHQVZ90 | Long             | EC               | CORP              | US        |     16000 | NS      | $620960.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.         | Gulfport Energy Corporation                                     | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      1500 | NS      | $261045.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| First Savings Financial Group Inc       | First Savings Financial Group, Inc.                             | CUSIP: 33621E109<br>LEI: 549300BD6X6E6468JI14 | Long             | EC               | CORP              | US        |     15000 | NS      | $411300.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                     | EXPAND ENERGY CORP                                              | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      5000 | NS      | $483900.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp PLC               | Caledonia Mining Corp PLC                                       | CUSIP: G1757E113<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |     20000 | NS      | $511600.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Opera Limited                           | Opera Ltd.                                                      | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Long             | EC               | CORP              | KY        |     34000 | NS      | $552500.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                     | Crescent Energy Co.                                             | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112000 | NS      | $1068480.00   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                     | Incyte Corp.                                                    | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      7000 | NS      | $592270.00    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd.           | Hamilton Insurance Group Ltd                                    | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | US        |     60000 | NS      | $1430400.00   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Angel Oak Mortgage REIT Inc             | Angel Oak Mortgage REIT Inc                                     | CUSIP: 03464Y108<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | EC               | CORP              | US        |     21000 | NS      | $207060.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-31

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller