# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-23-015938
**Filing Date:** 2023-1
**Character Count:** 74652
**Document Hash:** a5e5ce64e1f55f63206a73abd486a002
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-015938.hdr.sgml**: 20230127

**ACCESSION NUMBER**: 0001752724-23-015938

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230127

**DATE AS OF CHANGE**: 20230127

**PERIOD START**: 20230831

**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:** 23560618

**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

### Fisher Investments Institutional Group U.S. Small Cap Equity Fund (Series ID: S000066745)

| Class ID   | Class Name                                                        | Ticker Symbol   |
|:---|:---|:---|
| C000215072 | Fisher Investments Institutional Group U.S. Small Cap Equity Fund | IUSCX           |

## Nport-Ex

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.17%

Shares

Fair

Value

Argentina

—

1.72%

Consumer

Discretionary

—

1.72%

MercadoLibre

,

Inc.

(a) 3

$

2,792

Total

Argentina

2,792

Australia

—

1.88%

Health

Care

—

1.12%

CSL

Ltd.

1,833

Technology

—

0.76%

XERO

LTD

(a) 26

1,247

Total

Australia

3,080

Canada

—

0.85%

Technology

—

0.85%

Shopify,

Inc.,

Class

A

(a) 34

1,390

Total

Canada

1,390

China

—

4.26%

Communications

—

1.78%

NetEase

,

Inc.

-

ADR

1,351

Tencent

Holdings

Ltd.

-

ADR

1,549

2,900

Consumer

Discretionary

—

2.48%

Alibaba

Group

Holding

Ltd.

-

ADR

(a) 17

1,489

JD.com,

Inc.

-

ADR

1,487

Meituan

-

ADR

(a) 25

1,077

4,053

Total

China

6,953

Denmark

—

3.62%

Energy

—

1.05%

Vestas

Wind

Systems

A/S

1,708

Health

Care

—

2.57%

Coloplast

A/S

-

ADR

600

Novo

Nordisk

A/S,

Class

B

3,588

4,188

Total

Denmark

5,896

France

—

15.73%

Consumer

Discretionary

—

5.90%

Cia

Generale

de

Establissements

Michelin

SCA

1,420

Hermes

International

SA

6,429

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.17%

-

continued

Shares

Fair

Value

France

—

15.73%

-

continued

Consumer

Discretionary

—

5.90%

-

continued

Kering

SA

$

1,773

9,622

Consumer

Staples

—

1.37%

L'Oreal

SA

2,218

Financials

—

2.00%

BNP

Paribas

SA

1,392

Credit

Agricole

SA

1,161

Societe

Generale

SA

725

3,278

Health

Care

—

0.99%

Sanofi

1,622

Industrials

—

1.73%

Aeroports

de

Paris

(a) 14

2,141

Vinci

SA

-

ADR

682

2,823

Materials

—

1.70%

Cie

de

Saint-Gobain

2,780

Technology

—

2.04%

Dassault

Systems

SE

2,375

Teleperformance

Worldline

SA/France

(a) 10

3,292

Total

France

25,635

Germany

—

6.80%

Consumer

Staples

—

1.26%

Beiersdorf

AG

2,058

Financials

—

1.68%

Deutsche

Boerse

AG

2,749

Industrials

—

3.26%

Deutsche

Post

AG

2,719

Siemens

AG

2,598

5,317

Technology

—

0.60%

SAP

SE

980

Total

Germany

11,104

India

—

2.95%

Financials

—

1.65%

HDFC

Bank

Ltd.

-

ADR

2,683

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.17%

-

continued

Shares

Fair

Value

India

—

2.95%

-

continued

Technology

—

1.30%

Infosys

Ltd.

-

ADR

$

2,116

Total

India

4,799

Indonesia

—

1.69%

Financials

—

1.69%

Bank

Rakyat

Indonesia

Persero

Tbk

PT

-

ADR

2,739

Total

Indonesia

2,739

Israel

—

1.38%

Technology

—

1.38%

NICE-Systems

Ltd.

-

ADR

(a) 6

1,165

Wix.com

Ltd.

(a) 12

1,086

2,251

Total

Israel

2,251

Italy

—

1.97%

Energy

—

1.52%

Eni

SpA

2,477

Financials

—

0.45%

Intesa

Sanpaolo

SpA

727

Total

Italy

3,204

Japan

—

10.86%

Communications

—

1.14%

M3,

Inc.

1,858

Health

Care

—

1.92%

Eisai

Co.

Ltd.

-

ADR

981

Hoya

Corp.

-

ADR

1,243

Terumo

Corp.

-

ADR

915

3,139

Industrials

—

7.13%

Daifuku

Co.

Ltd.

-

ADR

517

FANUC

Corp.

-

ADR

1,572

Keyence

Corp.

5,793

Kubota

Corp.

1,470

Recruit

Holdings

Co.

Ltd.

-

ADR

2,268

11,620

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.17%

-

continued

Shares

Fair

Value

Japan

—

10.86%

-

continued

Technology

—

0.67%

Obic

Co.

Ltd.

$

1,100

Total

Japan

17,717

Korea

(Republic

of)

—

4.99%

Communications

—

0.79%

NAVER

Corp.

1,291

Financials

—

1.28%

KB

Financial

Group,

Inc.

2,094

Technology

—

2.92%

Samsung

Electronics

Co.

Ltd.

4,770

Total

Korea

(Republic

of)

8,155

Netherlands

—

11.02%

Consumer

Discretionary

—

0.76%

Stellantis

NV

1,241

Financials

—

0.64%

ING

Groep

NV

1,051

Technology

—

9.62%

Adyen

NV

(a) 1

1,525

ASML

Holding

NV

7,014

NXP

Semiconductors

NV

4,748

Wolters

Kluwer

NV

2,411

15,698

Total

Netherlands

17,990

Norway

—

2.03%

Energy

—

2.03%

Equinor

ASA

3,311

Total

Norway

3,311

Spain

—

3.57%

Consumer

Discretionary

—

0.86%

Industria

de

Diseno

Textil

SA

1,399

Energy

—

2.33%

Repsol

SA

3,824

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.17%

-

continued

Shares

Fair

Value

Spain

—

3.57%

-

continued

Financials

—

0.38%

Banco

Santander

SA

$

621

Total

Spain

5,844

Sweden

—

0.81%

Consumer

Discretionary

—

0.81%

H&M

Hennes

&

Mauritz

AB,

Class

B

1,322

Total

Sweden

1,322

Switzerland

—

1.43%

Industrials

—

1.43%

ABB

Ltd.

2,276

Accelleron

Industries

Ltd.

(a) 3

2,337

Total

Switzerland

2,337

Taiwan

Province

of

China

—

4.22%

Technology

—

4.22%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

6,887

Total

Taiwan

Province

of

China

6,887

United

Kingdom

—

17.39%

Communications

—

0.69%

WPP

PLC

1,127

Consumer

Discretionary

—

0.90%

Next

PLC

(a) 21

1,479

Consumer

Staples

—

2.73%

Coca-Cola

European

Partners

PLC

2,814

Reckitt

Benckiser

Group

PLC

1,649

4,463

Energy

—

1.79%

BP

PLC

2,915

Financials

—

1.13%

Barclays

PLC

587

1,141

London

Stock

Exchange

Group

PLC

696

1,837

Health

Care

—

1.90%

AstraZeneca

PLC

3,096

Materials

—

6.18%

Anglo

American

PLC

3,820

Antofagasta

PLC

3,498

Fisher

Investments

Institutional

Group

All

Foreign

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.17%

-

continued

Shares

Fair

Value

United

Kingdom

—

17.39%

-

continued

Materials

—

6.18%

-

continued

Rio

Tinto

PLC

$

2,761

10,079

Technology

—

2.07%

Experian

PLC

3,398

Total

United

Kingdom

28,394

Total

Common

Stocks (Cost $152,988)

161,800

MONEY

MARKET

FUNDS

—

10.48%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(b) 17,096

17,096

Total

Money

Market

Funds

(Cost

$17,096)

17,096

Total

Investments

—

109.65%

(Cost

$170,084)

178,896

Liabilities

in

Excess

of

Other

Assets — (9.65)%

(15,740)

NET

ASSETS

—

100.00%

$

163,156

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. ADR

-

American

Depositary

Receipt

Fisher

Investments

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

98.10%

Shares

Fair

Value

Communications

—

5.87%

Alphabet,

Inc.,

Class

A

(a) 57

$

5,757

Meta

Platforms,

Inc.,

Class

A

(a) 23

2,716

Netflix,

Inc.

(a) 8

2,444

10,917

Consumer

Discretionary

—

10.97%

Amazon.com,

Inc.

(a) 57

5,503

Aptiv

PLC

(a) 12

1,280

Ford

Motor

Co.

1,543

General

Motors

Co.

1,136

Home

Depot,

Inc.

(The)

7,775

KB

Home

1,852

NIKE,

Inc.,

Class

B

1,316

20,405

Consumer

Staples

—

2.42%

Costco

Wholesale

Corp.

2,157

General

Mills,

Inc.

1,535

Kimberly-Clark

Corp.

814

4,506

Energy

—

6.94%

ConocoPhillips

2,594

Exxon

Mobil

Corp.

1,893

Halliburton

Co.

2,425

Hess

Corp.

2,878

Pioneer

Natural

Resources

Co.

1,888

Schlumberger

Ltd.

1,237

12,915

Financials

—

10.88%

American

Express

Co.

3,782

Bank

of

America

Corp.

1,779

BlackRock,

Inc.

4,296

First

Republic

Bank

1,787

Goldman

Sachs

Group,

Inc.

(The)

4,248

JPMorgan

Chase

&

Co.

2,072

Prologis,

Inc.

1,413

T. Rowe

Price

Group,

Inc.

874

20,251

Health

Care

—

10.21%

Abbott

Laboratories

1,614

Align

Technology,

Inc.

(a) 7

1,377

Amgen,

Inc.

1,432

Biogen,

Inc.

(a) 6

1,831

DexCom,

Inc.

(a) 11

1,279

IDEXX

Laboratories,

Inc.

(a) 3

1,278

Intuitive

Surgical,

Inc.

(a) 14

3,784

Johnson

&

Johnson

890

Fisher

Investments

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

98.10%

-

continued

Shares

Fair

Value

Health

Care

—

10.21%

-

continued

Medtronic

PLC

$

1,265

Merck

&

Co.,

Inc.

2,312

Pfizer,

Inc.

1,003

ResMed,

Inc.

921

Viatris,

Inc.

18,997

Industrials

—

6.71%

3M

Co.

882

Caterpillar,

Inc.

2,601

Eaton

Corp.

PLC

1,798

HEICO

Corp.

1,298

Norfolk

Southern

Corp.

1,026

Rockwell

Automation,

Inc.

3,170

United

Parcel

Service,

Inc.,

Class

B

1,708

12,483

Materials

—

2.42%

Nucor

Corp.

4,499

Technology

—

41.68%

Adobe,

Inc.

(a) 9

3,104

Advanced

Micro

Devices,

Inc.

(a) 81

6,288

Apple,

Inc.

15,692

Autodesk,

Inc.

(a) 10

2,020

Cisco

Systems,

Inc.

1,889

Intel

Corp.

1,233

Microsoft

Corp.

10,716

MSCI,

Inc.

5,078

NVIDIA

Corp.

9,138

Oracle

Corp.

3,155

PayPal

Holdings,

Inc.

(a) 36

2,823

QUALCOMM,

Inc.

1,897

Salesforce.com,

Inc.

(a) 30

4,808

Texas

Instruments,

Inc.

4,512

Visa,

Inc.,

Class

A

5,208

77,561

Total

Common

Stocks (Cost $155,095)

182,534

MONEY

MARKET

FUNDS

—

7.34%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(b) 13,652

13,652

Total

Money

Market

Funds

(Cost

$13,652)

13,652

Total

Investments

—

105.44%

(Cost

$168,747)

196,186

Liabilities

in

Excess

of

Other

Assets — (5.44)%

(10,122)

NET

ASSETS

—

100.00%

$

186,064

Fisher

Investments

Institutional

Group

U.S.

Large

Cap

Equity

Environmental

and

Social

Values

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. Fisher

Investments

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

98.26%

Shares

Fair

Value

Communications

—

0.47%

8X8,

Inc.

(a) 199

$

852

Consumer

Discretionary

—

16.70%

Abercrombie

&

Fitch

Co.,

Class

A

(a) 36

863

Builders

FirstSource,

Inc.

(a) 62

3,963

Domino's

Pizza,

Inc.

777

Freshpet,

Inc.

(a) 44

2,949

Gap,

Inc.

(The)

1,032

Goodyear

Tire

&

Rubber

Co.

(The)

(a) 69

774

Hibbett,

Inc.

1,267

M.D.C.

Holdings,

Inc.

1,038

M/I

Homes,

Inc.

(a) 39

1,762

National

Vision

Holdings,

Inc.

(a) 28

1,133

Papa

John's

International,

Inc.

2,664

Pool

Corp.

1,647

Rent-A-Center,

Inc.

747

Revolve

Group,

Inc.

(a) 96

2,536

Scotts

Miracle-Gro

Co.

(The)

783

Shake

Shack,

Inc.,

Class

A

(a) 25

1,315

Six

Flags

Entertainment

Corp.

(a) 52

1,253

Taylor

Morrison

Home

Corp.

(a) 36

1,094

Thor

Industries,

Inc.

948

Urban

Outfitters,

Inc.

(a) 40

1,158

Wolverine

World

Wide,

Inc.

650

30,353

Consumer

Staples

—

1.06%

Boston

Beer

Company,

Inc.

(The),

Class

A

(a) 5

1,922

Energy

—

5.21%

ChampionX

Corp.

4,009

Helmerich

&

Payne,

Inc.

613

Oceaneering

International,

Inc.

(a) 99

1,504

Ovintiv,

Inc.

3,346

9,472

Financials

—

9.94%

Cadence

Bank

981

Evercore

Partners,

Inc.,

Class

A

2,188

First

Merchants

Corp.

2,475

Focus

Financial

Partners,

Inc.,

Class

A

(a) 46

1,755

Independent

Bank

Corp.

2,082

Moelis

&

Co.,

Class

A

1,686

Piper

Sandler

Cos.

2,586

Stifel

Financial

Corp.

1,671

SVB

Financial

Group

(a) 5

1,159

Umpqua

Holdings

Corp.

1,480

18,063

Fisher

Investments

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

98.26%

-

continued

Shares

Fair

Value

Health

Care

—

21.89%

Agios

Pharmaceuticals,

Inc.

(a) 45

$

1,356

Align

Technology,

Inc.

(a) 11

2,163

Alkermes

PLC

(a) 14

Anika

Therapeutics

(a) 82

2,586

Avid

Bioservices,

Inc.

(a) 47

736

BioCryst

Pharmaceuticals,

Inc.

(a) 74

989

Charles

River

Laboratories

International,

Inc.

(a) 5

1,143

CONMED

Corp.

4,557

Exact

Sciences

Corp.

(a) 29

1,304

Haemonetics

Corp.

(a) 41

3,498

Halozyme

Therapeutics,

Inc.

(a) 35

2,004

ImmunoGen,

Inc.

(a) 231

1,199

Ironwood

Pharmaceuticals,

Inc.

(a) 85

1,029

Ligand

Pharmaceuticals,

Inc.,

Class

B

(a) 13

948

Medpace

Holdings,

Inc.

(a) 15

3,148

Myriad

Genetics,

Inc.

(a) 55

1,114

NanoString

Technologies,

Inc.

(a) 73

510

Neurocrine

Biosciences

Inc.

(a) 11

1,398

OmniAb,

Inc.

(a) 63

OmniAb,

Inc.

-

Earnout

Shares

(a) 4

—

OmniAb,

Inc.

-

Earnout

Shares

(a) 4

—

PTC

Therapeutics,

Inc.

(a) 33

1,369

Shockwave

Medical,

Inc.

(a) 4

1,014

Twist

Bioscience

Corp.

(a) 29

793

Vericel

Corp.

(a) 38

868

WillScot

Mobile

Mini

Holdings

Corp.

(a) 114

5,495

39,791

Industrials

—

14.41%

Advanced

Energy

Industries,

Inc.

4,354

Alarm.com

Holdings,

Inc.

(a) 36

1,796

Cactus,

Inc.,

Class

A

4,515

Casella

Waste

Systems,

Inc.,

Class

A

(a) 31

2,669

Chart

Industries,

Inc.

(a) 18

2,574

Columbus

McKinnon

Corp.

1,837

H&E

Equipment

Services,

Inc.

1,971

HEICO

Corp.

974

Lincoln

Electric

Holdings,

Inc.

2,070

Mercury

Systems,

Inc.

(a) 32

1,626

Montrose

Environmental

Group

Inc.

(a) 39

1,800

26,186

Materials

—

5.27%

Alcoa

Corp.

2,808

Cleveland-Cliffs,

Inc.

(a) 100

1,548

Steel

Dynamics,

Inc.

1,559

UFP

Industries,

Inc.

2,128

Fisher

Investments

Institutional

Group

U.S.

Small

Cap

Equity

Fund

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

98.26%

-

continued

Shares

Fair

Value

Materials

—

5.27%

-

continued

Worthington

Industries,

Inc.

$

1,532

9,575

Real

Estate

—

1.07%

Macerich

Co.

(The)

1,943

Technology

—

22.24%

Allscripts

Healthcare

Solutions,

Inc.

(a) 261

4,942

Alteryx,

Inc.,

Class

A

(a) 44

1,973

Azenta,

Inc.

1,626

Box,

Inc.,

Class

A

(a) 34

933

Cerence,

Inc.

(a) 32

656

Ceridian

HCM

Holding,

Inc.

(a) 16

1,095

Diodes,

Inc.

(a) 62

5,718

Donnelley

Financial

Solutions,

Inc.

(a) 38

1,451

Dropbox,

Inc.,

Class

A

(a) 38

895

Five9,

Inc.

(a) 8

513

Knowles

Corp.

(a) 112

1,747

Liveperson,

Inc.

(a) 58

681

Manhattan

Associates,

Inc.

(a) 6

756

Momentive

Global,

Inc.

(a) 203

1,610

Omnicell,

Inc.

(a) 22

1,135

Paycom

Software,

Inc.

(a) 6

2,035

Paylocity

Holdings

Corp.

(a) 34

7,405

Pegasystems,

Inc.

508

Qualys,

Inc.

(a) 6

740

SPS

Commerce,

Inc.

(a) 7

996

Synaptics,

Inc.

(a) 7

742

Tenable

Holdings,

Inc.

(a) 14

535

Vicor

Corp.

(a) 32

1,728

40,420

Total

Common

Stocks

(Cost $169,441)

178,577

MONEY

MARKET

FUNDS

—

7.47%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(b) 13,583

13,583

Total

Money

Market

Funds

(Cost

$13,583)

13,583

Total

Investments

—

105.73%

(Cost

$183,024)

192,160

Liabilities

in

Excess

of

Other

Assets — (5.73)%

(10,414)

NET

ASSETS

—

100.00%

$

181,746

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.14%

Shares

Fair

Value

Argentina

—

1.00%

Consumer

Discretionary

—

1.00%

MercadoLibre

,

Inc.

(a) 2

$

1,863

Total

Argentina

1,863

Australia

—

1.65%

Energy

—

0.05%

Woodside

Energy

Group

Ltd.

Materials

—

1.60%

BHP

Group

Ltd.

803

OZ

Minerals

Ltd.

1,434

Rio

Tinto

Ltd.

744

2,981

Total

Australia

3,082

Brazil

—

0.34%

Materials

—

0.34%

Vale

SA

-

ADR

627

Total

Brazil

627

Canada

—

1.46%

Industrials

—

0.88%

Canadian

Pacific

Railway

Ltd.

1,638

Materials

—

0.58%

Hudbay

Minerals,

Inc.

509

Lundin

Mining

Corp.

572

1,081

Total

Canada

2,719

China

—

0.77%

Communications

—

0.49%

Tencent

Holdings

Ltd.

-

ADR

907

Consumer

Discretionary

—

0.28%

Alibaba

Group

Holding

Ltd.

-

ADR

(a) 6

525

Total

China

1,432

France

—

4.69%

Consumer

Discretionary

—

1.12%

Kering

SA

-

ADR

2,086

Energy

—

0.88%

TotalEnergies

SE

1,634

Financials

—

0.69%

BNP

Paribas

SA

1,280

Health

Care

—

0.43%

Sanofi

811

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.14%

-

continued

Shares

Fair

Value

France

—

4.69%

-

continued

Technology

—

1.57%

Dassault

Systems

SE

$

2,924

Total

France

8,735

Germany

—

2.57 %

Consumer

Discretionary

—

1.5 4

%

adidas

AG

892

Mercedes-Benz

Group

AG

1,409

Sixt

SE

575

2,876

Industrials

—

1.0 3

%

MTU

Aero

Engines

AG

626

Siemens

AG

1,230

Siemens

Energy

AG

1,922

Total

Germany

4,798

Hong

Kong

—

0.46%

Health

Care

—

0.46%

Sino

Biopharmaceutical

Ltd.

-

ADR

865

Total

Hong

Kong

865

India

—

0.71%

Technology

—

0.71%

Infosys

Ltd.

-

ADR

1,323

Total

India

1,323

Italy

—

1.06%

Energy

—

0.60%

Eni

SpA

1,119

Financials

—

0.46%

Intesa

Sanpaolo

SpA

862

Total

Italy

1,981

Japan

—

2.91%

Industrials

—

2.91%

Daifuku

Co.

Ltd.

-

ADR

543

FANUC

Corp.

-

ADR

1,482

SMC

Corp.

-

ADR

2,233

Yaskawa

Electric

Corp.

-

ADR

1,182

5,440

Total

Japan

5,440

Korea

(Republic

of)

—

2.32%

Financials

—

0.45%

KB

Financial

Group,

Inc.

845

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.14%

-

continued

Shares

Fair

Value

Korea

(Republic

of)

—

2.32%

-

continued

Technology

—

1.87%

Samsung

Electronics

Co.

Ltd.

-

GDR

$

3,489

Total

Korea

(Republic

of)

4,334

Netherlands

—

3.11%

Financials

—

0.60%

ING

Groep

NV

1,123

Technology

—

2.51%

ASML

Holding

NV

4,677

Total

Netherlands

5,800

Spain

—

0.7 6

%

Financials

—

0.7 6

%

Banco

Bilbao

Vizcaya

Argentaria

SA

830

Banco

Santander

SA

588

1,418

Total

Spain

1,418

Sweden

—

0.52%

Consumer

Discretionary

—

0.52%

Autoliv

,

Inc.

972

Total

Sweden

972

Switzerland

—

0.62%

Health

Care

—

0.62%

Novartis

AG

1,149

Total

Switzerland

1,149

Taiwan

Province

of

China

—

3.02%

Technology

—

3.02%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

5,643

Total

Taiwan

Province

of

China

5,643

United

Kingdom

—

2.8 2

%

Consumer

Discretionary

—

0.58%

Capri

Holding

Ltd.

(a) 19

1,090

Consumer

Staples

—

0.08%

Haleon

PLC

(a) 44

Energy

—

1.2 6

%

BP

PLC

888

Shell

PLC

1,472

2,360

Health

Care

—

0.90%

AstraZeneca

PLC

1,077

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.14%

-

continued

Shares

Fair

Value

United

Kingdom

—

2.82%

-

continued

Health

Care

—

0.90%

-

continued

GlaxoSmithKline

PLC

$

594

1,671

Total

United

Kingdom

5,272

United

States

—

68.33%

Communications

—

6.4 5

%

Alphabet,

Inc.,

Class

A

(a) 80

8,080

Meta

Platforms,

Inc.,

Class

A

(a) 11

1,299

Netflix,

Inc.

(a) 4

1,222

Uber

Technologies,

Inc.

(a) 29

845

Walt

Disney

Co.

(The)

(a) 6

587

12,033

Consumer

Discretionary

—

4.48%

Amazon.com,

Inc.

(a) 43

4,152

Home

Depot,

Inc.

(The)

2,592

Starbucks

Corp.

715

Toll

Brothers,

Inc.

910

8,369

Consumer

Staples

—

4.19%

Costco

Wholesale

Corp.

3,236

Procter

&

Gamble

Co.

(The)

1,939

Target

Corp.

668

Walmart,

Inc.

1,981

7,824

Energy

—

3.71%

Chevron

Corp.

2,017

Exxon

Mobil

Corp.

1,781

Marathon

Oil

Corp.

1,378

Schlumberger

Ltd.

1,753

6,929

Financials

—

7.8 3

%

American

Express

Co.

2,049

Bank

of

America

Corp.

946

BlackRock,

Inc.

2,864

Goldman

Sachs

Group,

Inc.

(The)

1,931

Jefferies

Financial

Group,

Inc.

950

JPMorgan

Chase

&

Co.

1,935

Morgan

Stanley

2,699

T. Rowe

Price

Group,

Inc.

1,249

14,623

Health

Care

—

8.9 7

%

Abbott

Laboratories

968

Align

Technology,

Inc.

(a) 7

1,377

Danaher

Corp.

1,367

Edwards

LifeSciences

Corp.

(a) 9

695

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.14%

-

continued

Shares

Fair

Value

United

States

—

68.33%

-

continued

Health

Care

—

8.97%

-

continued

Eli

Lilly

&

Co.

$

4,081

Exact

Sciences

Corp.

(a) 14

629

Intuitive

Surgical,

Inc.

(a) 9

2,435

Merck

&

Co.,

Inc.

1,432

PTC

Therapeutics,

Inc.

(a) 15

622

Sarepta

Therapeutics,

Inc.

(a) 5

614

Stryker

Corp.

1,403

Thermo

Fisher

Scientific,

Inc.

1,120

16,743

Industrials

—

4.8 2

%

A.O.

Smith

Corp.

668

AeroVironment

,

Inc.

(a) 14

1,289

Boeing

Co.

(The)

(a) 5

894

Carrier

Global

Corp.

Cummins,

Inc.

1,005

Deere

&

Co.

1,764

IDEX

Corp.

712

Lennox

International,

Inc.

781

Otis

Worldwide

Corp.

Raytheon

Technologies

Corp.

592

Rockwell

Automation,

Inc.

793

8,998

Materials

—

1.00%

Cleveland-Cliffs,

Inc.

(a) 69

1,068

Materion

Corp.

806

1,874

Technology

—

26. 90

%

Adobe,

Inc.

(a) 10

3,449

Advanced

Micro

Devices,

Inc.

(a) 17

1,320

Apple,

Inc.

9,770

Autodesk,

Inc.

(a) 9

1,818

Block,

Inc.,

Class

A

(a) 12

813

DocuSign,

Inc.

(a) 15

706

Intuit,

Inc.

815

MasterCard,

Inc.,

Class

A

2,852

Microsoft

Corp.

8,930

NVIDIA

Corp.

7,445

Oracle

Corp.

3,155

Paycom

Software,

Inc.

(a) 6

2,035

PayPal

Holdings,

Inc.

(a) 13

1,019

Salesforce.com,

Inc.

(a) 16

2,564

ServiceNow

,

Inc.

(a) 2

833

Visa,

Inc.,

Class

A

2,170

Fisher

Investments

Institutional

Group

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.14%

-

continued

Shares

Fair

Value

United

States

—

68.33%

-

continued

Technology

—

26.90%

-

continued

Zoom

Video

Communications,

Inc.,

Class

A

(a) 7

$

528

50,222

Total

United

States

127,615

Total

Common

Stocks

(Cost $156,371)

185,068

MONEY

MARKET

FUNDS

—

0.66%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(b) 1,229

1,229

Total

Money

Market

Funds

(Cost

$1,229)

1,229

Total

Investments

—

99.80%

(Cost

$157,600)

186,297

Other

Assets

in

Excess

of

Liabilities — 0.20%

NET

ASSETS

—

100.00%

$

186,667

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. ADR

-

American

Depositary

Receipt

GDR

-

Global

Depositary

Receipt

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.23%

Shares

Fair

Value

Argentina

—

1.00%

Consumer

Discretionary

—

1.00%

MercadoLibre,

Inc.

(a) 2

$

1,862

Total

Argentina

1,862

Australia

—

1.58%

Materials

—

1.58%

OZ

Minerals

Ltd.

1,303

Rio

Tinto

Ltd.

1,637

2,940

Total

Australia

2,940

Canada

—

1.08%

Industrials

—

0.75%

Canadian

Pacific

Railway

Ltd.

1,392

Materials

—

0.33%

Lundin

Mining

Corp.

616

Total

Canada

2,008

China

—

0.67%

Communications

—

0.39%

Tencent

Holdings

Ltd.

-

ADR

718

Consumer

Discretionary

—

0.28%

Alibaba

Group

Holding

Ltd.

-

ADR

(a) 6

525

Total

China

1,243

Colombia

—

0.61%

Energy

—

0.61%

Ecopetrol

SA

-

ADR

1,145

Total

Colombia

1,145

France

—

3.84%

Consumer

Discretionary

—

1.05%

Kering

SA

-

ADR

1,968

Financials

—

0.69%

BNP

Paribas

SA

1,280

Health

Care

—

0.53%

Sanofi

991

Technology

—

1.57%

Dassault

Systems

SE

2,924

Total

France

7,163

Germany

—

.49

%

Consumer

Discretionary

—

1.65 %

adidas

AG

1,019

Mercedes-Benz

Group

AG

1,476

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.23%

-

continued

Shares

Fair

Value

Germany

—

2.49%

-

continued

Consumer

Discretionary

—

1.65%

-

continued

Sixt

SE

$

575

3,070

Industrials

—

0.8 4

%

Siemens

AG

1,504

Siemens

Energy

AG

1,570

Total

Germany

4,640

Hong

Kong

—

0.47%

Health

Care

—

0.47%

Sino

Biopharmaceutical

Ltd.

-

ADR

876

Total

Hong

Kong

876

India

—

0.51%

Technology

—

0.51%

Infosys

Ltd.

-

ADR

956

Total

India

956

Italy

—

0.94%

Energy

—

0.49%

Eni

SpA

910

Financials

—

0.45%

Intesa

Sanpaolo

SpA

840

Total

Italy

1,750

Japan

—

1.9 9

%

Industrials

—

1.99 %

Daifuku

Co.

Ltd.

-

ADR

556

FANUC

Corp.

-

ADR

1,377

Yaskawa

Electric

Corp.

-

ADR

1,773

3,706

Total

Japan

3,706

Korea

(Republic

of)

—

1.75%

Financials

—

0.50%

KB

Financial

Group,

Inc.

926

Technology

—

1.25%

Samsung

Electronics

Co.

Ltd.

-

GDR

2,326

Total

Korea

(Republic

of)

3,252

Netherlands

—

2.51%

Technology

—

2.51%

ASML

Holding

NV

4,677

Total

Netherlands

4,677

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.23%

-

continued

Shares

Fair

Value

Spain

—

0.76%

Financials

—

0.76%

Banco

Bilbao

Vizcaya

Argentaria

SA

$

801

Banco

Santander

SA

618

1,419

Total

Spain

1,419

Sweden

—

0.47%

Consumer

Discretionary

—

0.47%

Autoliv,

Inc.

884

Total

Sweden

884

Switzerland

—

0.70%

Industrials

—

0.70%

ABB

Ltd.

1,272

Accelleron

Industries

Ltd.

(a) 2

1,313

Total

Switzerland

1,313

Taiwan

Province

of

China

—

2.98%

Technology

—

2.98%

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

-

ADR

5,560

Total

Taiwan

Province

of

China

5,560

United

Kingdom

—

4.11%

Consumer

Discretionary

—

0.46%

Capri

Holding

Ltd.

(a) 15

860

Consumer

Staples

—

0.70%

Unilever

PLC

1,300

Energy

—

1.54%

BP

PLC

2,873

Health

Care

—

0.72%

AstraZeneca

PLC

1,346

Materials

—

0.69%

Antofagasta

PLC

1,291

Total

United

Kingdom

7,670

United

States

—

70.76%

Communications

—

6.40%

Alphabet,

Inc.,

Class

A

(a) 80

8,079

Meta

Platforms,

Inc.,

Class

A

(a) 11

1,299

Netflix,

Inc.

(a) 4

1,222

Uber

Technologies,

Inc.

(a) 26

758

Walt

Disney

Co.

(The)

(a) 6

587

11,945

Consumer

Discretionary

—

4.50%

Amazon.com,

Inc.

(a) 43

4,151

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.23%

-

continued

Shares

Fair

Value

United

States

—

70.76%

-

continued

Consumer

Discretionary

—

4.50%

-

continued

Home

Depot,

Inc.

(The)

$

2,592

NIKE,

Inc.,

Class

B

878

Toll

Brothers,

Inc.

767

8,388

Consumer

Staples

—

4.43%

Costco

Wholesale

Corp.

2,696

PepsiCo,

Inc.

2,041

Procter

&

Gamble

Co.

(The)

2,089

Target

Corp.

668

Walmart,

Inc.

762

8,256

Energy

—

3.44%

Exxon

Mobil

Corp.

4,343

Schlumberger

Ltd.

2,062

6,405

Financials

—

7.84%

American

Express

Co.

2,206

Bank

of

America

Corp.

757

BlackRock,

Inc.

2,864

Goldman

Sachs

Group,

Inc.

(The)

1,931

Jefferies

Financial

Group,

Inc.

760

JPMorgan

Chase

&

Co.

1,935

Morgan

Stanley

2,419

T. Rowe

Price

Group,

Inc.

1,749

14,621

Health

Care

—

11.23%

Abbott

Laboratories

968

Align

Technology,

Inc.

(a) 7

1,377

Danaher

Corp.

1,367

Edwards

LifeSciences

Corp.

(a) 9

695

Eli

Lilly

&

Co.

4,825

Exact

Sciences

Corp.

(a) 17

764

Intuitive

Surgical,

Inc.

(a) 9

2,434

Merck

&

Co.,

Inc.

2,092

PTC

Therapeutics,

Inc.

(a) 14

581

Sarepta

Therapeutics,

Inc.

(a) 5

614

Stryker

Corp.

1,403

Thermo

Fisher

Scientific,

Inc.

2,241

Vertex

Pharmaceuticals,

Inc.

(a) 5

1,582

20,943

Industrials

—

5.03%

A.O.

Smith

Corp.

1,033

Cummins,

Inc.

1,005

Deere

&

Co.

1,764

HEICO

Corp.

1,623

Fisher

Investments

Institutional

Group

ESG

Stock

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

COMMON

STOCKS

—

99.23%

-

continued

Shares

Fair

Value

United

States

—

70.76%

-

continued

Industrials

—

5.03%

-

continued

Lennox

International,

Inc.

$

781

Rockwell

Automation,

Inc.

2,378

Xylem,

Inc.

786

9,370

Materials

—

0.65%

Cleveland-Cliffs,

Inc.

(a) 78

1,207

Technology

—

27.2 5

%

Adobe,

Inc.

(a) 10

3,448

Advanced

Micro

Devices,

Inc.

(a) 19

1,475

Apple,

Inc.

9,770

Autodesk,

Inc.

(a) 7

1,414

Block,

Inc.,

Class

A

(a) 12

813

DocuSign,

Inc.

(a) 12

565

Intuit,

Inc.

815

MasterCard,

Inc.,

Class

A

2,495

Microsoft

Corp.

8,929

NVIDIA

Corp.

7,446

Oracle

Corp.

3,404

Paycom

Software,

Inc.

(a) 6

2,035

PayPal

Holdings,

Inc.

(a) 12

941

Salesforce.com,

Inc.

(a) 17

2,724

ServiceNow,

Inc.

(a) 2

833

Visa,

Inc.,

Class

A

3,255

Zoom

Video

Communications,

Inc.,

Class

A

(a) 6

50,815

Total

United

States

131,950

Total

Common

Stocks

(Cost $155,559)

185,014

MONEY

MARKET

FUNDS

—

0.57%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(b) 1,054

1,054

Total

Money

Market

Funds

(Cost

$1,054)

1,054

Total

Investments

—

99.80%

(Cost

$156,613)

186,068

Other

Assets

in

Excess

of

Liabilities — 0.20%

NET

ASSETS

—

100.00%

$

186,444

(a) Non-income

producing

security.

(b) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. ADR

-

American

Depositary

Receipt

GDR

-

Global

Depositary

Receipt

Fisher

Investments

Institutional

Group

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

CORPORATE

BONDS

—

27.48%

Principal

Amount

Fair

Value

Communications

—

3.43%

Comcast

Corp.,

3.55%,

5/1/2028

$

100,000

$

94,695

Consumer

Staples

—

3.83%

Procter

&

Gamble

Co.

(The),

5.50%,

2/1/2034

100,000

105,793

Financials

—

6.89%

BlackRock,

Inc.,

3.25%,

4/30/2029

100,000

92,824

JPMorgan

Chase

&

Co.,

4.13%,

12/15/2026

100,000

97,603

190,427

Health

Care

—

2.61%

Bristol-Myers

Squibb

Co.,

4.55%,

2/20/2048

78,000

71,969

Industrials

—

2.91%

Southwest

Airlines

Co.,

7.38%,

3/1/2027

75,000

80,288

Real

Estate

—

1.41%

Omega

Healthcare

Investors,

Inc.,

3.38%,

2/1/2031

50,000

38,991

Technology

—

6.40%

International

Business

Machines

Corp.,

4.25%,

5/15/2049

100,000

84,792

Oracle

Corp.,

3.25%,

11/15/2027

100,000

91,986

176,778

Total

Corporate

Bonds

(Cost $894,775)

758,941

U.S.

GOVERNMENT

&

AGENCIES

—

40.67%

Principal

Amount

Fair

Value

United

States

Treasury

Note,

1.50 %

,

9/30/2024

109,700

104,026

United

States

Treasury

Note,

2.63 %

,

2/15/2029

301,100

280,941

United

States

Treasury

Note,

4.50 %

,

2/15/2036

490,000

532,598

United

States

Treasury

Bond,

4.63 %

,

2/15/2040

187,300

205,181

Total

U.S.

Government

&

Agencies

(Cost $1,339,668)

1,122,746

EXCHANGE-TRADED

FUNDS

—

27.82%

Shares

Fair

Value

iShares

Broad

USD

High

Yield

Corporate

Bond

ETF

7,880

279,346

iShares

MBS

ETF

5,201

488,842

Total

Exchange-Traded

Funds

(Cost $848,987)

768,188

MONEY

MARKET

FUNDS

-

3.33%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(a) 92,092

92,092

Total

Money

Market

Funds

(Cost

$92,092)

92,092

Total

Investments

—

99.30%

(Cost

$3,175,522)

2,741,967

Other

Assets

in

Excess

of

Liabilities — 0.70%

19,457

NET

ASSETS

—

100.00%

$

2,761,424

(a) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. Fisher

Investments

Institutional

Group

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

Fisher

Investments

Institutional

Group

ESG

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

CORPORATE

BONDS

—

27.63%

Principal

Amount

Fair

Value

Communications

—

3.45%

Comcast

Corp.,

3.55%,

5/1/2028

$

100,000

$

94,695

Consumer

Staples

—

3.85%

Procter

&

Gamble

Co.

(The),

5.50%,

2/1/2034

100,000

105,793

Financials

—

6.93%

BlackRock,

Inc.,

3.25%,

4/30/2029

100,000

92,824

JPMorgan

Chase

&

Co.,

4.13%,

12/15/2026

100,000

97,603

190,427

Health

Care

—

2.62%

Bristol-Myers

Squibb

Co.,

4.55%,

2/20/2048

78,000

71,969

Industrials

—

2.92%

Southwest

Airlines

Co.,

7.38%,

3/1/2027

75,000

80,288

Real

Estate

—

1.42%

Omega

Healthcare

Investors,

Inc.,

3.38%,

2/1/2031

50,000

38,991

Technology

—

6.44%

International

Business

Machines

Corp.,

4.25%,

5/15/2049

100,000

84,792

Oracle

Corp.,

3.25%,

11/15/2027

100,000

91,986

176,778

Total

Corporate

Bonds

(Cost $894,775)

758,941

U.S.

GOVERNMENT

&

AGENCIES

—

40.60%

Principal

Amount

Fair

Value

United

States

Treasury

Note,

1.50 %

,

9/30/2024

109,900

104,216

United

States

Treasury

Note,

2.63 %

,

2/15/2029

286,700

267,505

United

States

Treasury

Note,

4.50 %

,

2/15/2036

495,000

538,033

United

States

Treasury

Bond,

4.63 %

,

2/15/2040

187,100

204,962

Total

U.S.

Government

&

Agencies

(Cost $1,330,574)

1,114,716

EXCHANGE-TRADED

FUNDS

—

28.40%

Shares

Fair

Value

iShares

MBS

ETF

5,156

484,612

Nuveen

ESG

High

Yield

Corporate

Bond

ETF

14,200

295,431

Total

Exchange-Traded

Funds

(Cost $868,804)

780,043

MONEY

MARKET

FUNDS

-

2.67%

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(a) 73,395

73,395

Total

Money

Market

Funds

(Cost

$73,395)

73,395

Total

Investments

—

99.30%

(Cost

$3,167,548)

2,727,095

Other

Assets

in

Excess

of

Liabilities — 0.70%

19,356

NET

ASSETS

—

100.00%

$

2,746,451

(a) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022. Fisher

Investments

Institutional

Group

ESG

Fixed

Income

Fund

for

Retirement

Plans

Schedule

of

Investments

(continued)

November

30,

2022

-

(Unaudited)

Tactical

Multi-Purpose

Fund

Schedule

of

Investments

November

30,

2022

-

(Unaudited)

MONEY

MARKET

FUNDS

—

124.48%

Shares

Fair

Value

First

American

Government

Obligations

Fund,

Class

X,

3.67%

(a) 30,629

$

30,629

Total

Money

Market

Funds

(Cost

$30,629)

30,629

Total

Investments

—

124.48%

(Cost

$30,629)

30,629

Liabilities

in

Excess

of

Other

Assets — (24.48)%

(6,023)

NET

ASSETS

—

100.00%

$

24,606

(a) Rate

disclosed

is

the

seven

day

effective

yield

as

of

November

30,

2022.

## 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:** FIIG US SMALL CAP EQUITY

- **b. EDGAR series identifier (if any):** S000066745

- **c. LEI of Series:** 54930044WMTUB0FKH376

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

- **a. Date of fiscal year-end:** 2023-08-31

- **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:** $209197.19

**Total Liabilities:** $27451.57

**Net Assets:** $181745.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000215072 | -9.12%               | 10.03%               | 4.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1324.01                 | $-17146.45                                 |
| Month 2  | $-4203.02                | $20000.59                                  |
| Month 3  | $171.90                  | $8391.81                                   |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Synaptics Incorporated                         | Synaptics, Inc.                                | CUSIP: 87157D109<br>LEI: 549300AJ3LI4FWNRQX29 | Long             | EC               | CORP              | US        |         7 | NS      | $741.79       | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| H&E Equipment Services, Inc.                   | H&E Equipment Services, Inc.                   | CUSIP: 404030108<br>LEI: 254900KVLRCDMQRYY541 | Long             | EC               | CORP              | US        |        47 | NS      | $1970.71      | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| UFP Industries Inc                             | UFP Industries, Inc.                           | CUSIP: 90278Q108<br>LEI: 5493007KB485C9OV5572 | Long             | EC               | CORP              | US        |        26 | NS      | $2128.36      | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Abercrombie & Fitch Co                         | Abercrombie & Fitch Co.                        | CUSIP: 002896207<br>LEI: 5493000J7LL72TOGT983 | Long             | EC               | CORP              | US        |        36 | NS      | $863.28       | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ironwood Pharmaceuticals, Inc.                 | Ironwood Pharmaceuticals, Inc.                 | CUSIP: 46333X108<br>LEI: 549300PC8MR6QHH6P296 | Long             | EC               | CORP              | US        |        85 | NS      | $1029.35      | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Piper Sandler Companies                        | Piper Jaffray Cos.                             | CUSIP: 724078100<br>LEI: QUQDBTUSOAKFEVMRMF78 | Long             | EC               | CORP              | US        |        18 | NS      | $2585.88      | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Helmerich & Payne Inc                          | Helmerich & Payne, Inc.                        | CUSIP: 423452101<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | EC               | CORP              | US        |        12 | NS      | $612.96       | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ceridian HCM Holding Inc                       | Ceridian HCM Holding, Inc.                     | CUSIP: 15677J108<br>LEI: 549300T64GVCHFJ8L449 | Long             | EC               | CORP              | US        |        16 | NS      | $1095.04      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc                     | Neurocrine Biosciences Inc.                    | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |        11 | NS      | $1397.66      | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Haemonetics Corp                               | Haemonetics Corp.                              | CUSIP: 405024100<br>LEI: 549300ZEL6TXZS6F5F95 | Long             | EC               | CORP              | US        |        41 | NS      | $3497.71      | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| PTC Therapeutics, Inc.                         | PTC Therapeutics, Inc.                         | CUSIP: 69366J200<br>LEI: 549300UJLWOIWFDGB318 | Long             | EC               | CORP              | US        |        33 | NS      | $1369.17      | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Chart Industries Inc                           | Chart Industries, Inc.                         | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |        18 | NS      | $2573.82      | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ligand Pharmaceuticals Incorporated            | Ligand Pharmaceuticals, Inc.                   | CUSIP: 53220K504<br>LEI: 5493008K7TB0IKP37H79 | Long             | EC               | CORP              | US        |        13 | NS      | $947.70       | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc.                                    | OmniAb, Inc. - Earnout Shares                  | CUSIP: 68218J301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                            | Knowles Corp.                                  | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |       112 | NS      | $1747.20      | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                            | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |     13583 | PA      | $13582.54     | 7.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Anika Therapeutics Inc.                        | Anika Therapeutics                             | CUSIP: 035255108<br>LEI: 529900R9LS3Z0O6QH455 | Long             | EC               | CORP              | US        |        82 | NS      | $2586.28      | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominos Pizza Inc                              | Domino's Pizza, Inc.                           | CUSIP: 25754A201<br>LEI: 25490005ZWM1IF9UXU57 | Long             | EC               | CORP              | US        |         2 | NS      | $777.46       | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| First Merchants Corporation                    | First Merchants Corp.                          | CUSIP: 320817109<br>LEI: TZTBT0OTGQ2FEK6XMX94 | Long             | EC               | CORP              | US        |        56 | NS      | $2475.76      | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                               | SPS Commerce, Inc.                             | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |         7 | NS      | $995.82       | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Alcoa Corporation                              | Alcoa Corp.                                    | CUSIP: 013872106<br>LEI: 549300T12EZ1F6PWWU29 | Long             | EC               | CORP              | US        |        56 | NS      | $2807.28      | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Omnicell Inc                                   | Omnicell, Inc.                                 | CUSIP: 68213N109<br>LEI: 5493008RH0GTKHHPZI77 | Long             | EC               | CORP              | US        |        22 | NS      | $1135.42      | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| M/I Homes Inc.                                 | M/I Homes, Inc.                                | CUSIP: 55305B101<br>LEI: 5299005M71FH9CCSFB69 | Long             | EC               | CORP              | US        |        39 | NS      | $1762.02      | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| WillScot Mobile Mini Holdings Corp             | WillScot Mobile Mini Holdings Corp.            | CUSIP: 971378104<br>LEI: 549300HJ4VIXF476Q166 | Long             | EC               | CORP              | US        |       114 | NS      | $5495.94      | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ImmunoGen, Inc.                                | ImmunoGen, Inc.                                | CUSIP: 45253H101<br>LEI: 54930084U0R1OP766Y02 | Long             | EC               | CORP              | US        |       231 | NS      | $1198.89      | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals  Inc.                 | BIOCRYST PHARMACEUTICALS, INC.                 | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Long             | EC               | CORP              | US        |        74 | NS      | $988.64       | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Revolve Group Inc                              | Revolve Group, Inc.                            | CUSIP: 76156B107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        96 | NS      | $2536.32      | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Taylor Morrison Home Corp                      | Taylor Morrison Home Corp.                     | CUSIP: 87724P106<br>LEI: 5299009UDLLGLKOOJE30 | Long             | EC               | CORP              | US        |        36 | NS      | $1094.04      | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Stifel Financial Corporation                   | Stifel Financial Corp.                         | CUSIP: 860630102<br>LEI: 549300E5F07FE5GHJX84 | Long             | EC               | CORP              | US        |        26 | NS      | $1670.50      | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| The Goodyear Tire & Rubber Company             | Goodyear Tire & Rubber Co./The                 | CUSIP: 382550101<br>LEI: 5493002BI0S2ZQUY3437 | Long             | EC               | CORP              | US        |        69 | NS      | $774.18       | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| 8X8 Inc New                                    | 8X8, Inc.                                      | CUSIP: 282914100<br>LEI: 254900XWSOC5U1BRW939 | Long             | EC               | CORP              | US        |       199 | NS      | $851.72       | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Hibbett Inc                                    | Hibbett Sports, Inc.                           | CUSIP: 428567101<br>LEI: 529900RD6P643J1CZM55 | Long             | EC               | CORP              | US        |        19 | NS      | $1266.54      | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| SVB Financial Group                            | SVB Financial Group                            | CUSIP: 78486Q101<br>LEI: 549300D2KJ20JMXE7542 | Long             | EC               | CORP              | US        |         5 | NS      | $1158.90      | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cerence Inc                                    | Cerence, Inc.                                  | CUSIP: 156727109<br>LEI: 5493002WL2W5WMS89568 | Long             | EC               | CORP              | US        |        32 | NS      | $656.32       | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                     | Qualys, Inc.                                   | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Long             | EC               | CORP              | US        |         6 | NS      | $739.92       | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Wolverine World Wide, Inc.                     | Wolverine World Wide, Inc.                     | CUSIP: 978097103<br>LEI: 549300OVC7PK14LQ8D87 | Long             | EC               | CORP              | US        |        58 | NS      | $649.60       | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pegasystems Inc                                | Pegasystems, Inc.                              | CUSIP: 705573103<br>LEI: 549300FMCOKPL06FYN26 | Long             | EC               | CORP              | US        |        14 | NS      | $507.50       | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                           | Tenable Holdings, Inc.                         | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Long             | EC               | CORP              | US        |        14 | NS      | $534.52       | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Alteryx Inc                                    | Alteryx, Inc.                                  | CUSIP: 02156B103<br>LEI: 549300XWZG0JHL7I0827 | Long             | EC               | CORP              | US        |        44 | NS      | $1973.40      | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Agios Pharmaceuticals Inc                      | Agios Pharmaceuticals, Inc.                    | CUSIP: 00847X104<br>LEI: 529900ONJHY8EOGYT555 | Long             | EC               | CORP              | US        |        45 | NS      | $1356.30      | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Worthington Industries, Inc.                   | Worthington Industries, Inc.                   | CUSIP: 981811102<br>LEI: 1WRCIANKYOIK6KYE5E82 | Long             | EC               | CORP              | US        |        27 | NS      | $1531.98      | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corporation                               | Pool Corp.                                     | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |         5 | NS      | $1647.05      | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Five9 Inc.                                     | Five9, Inc.                                    | CUSIP: 338307101<br>LEI: 254900MXP6EWY0SFFR59 | Long             | EC               | CORP              | US        |         8 | NS      | $512.88       | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc.                                    | OmniAb, Inc.                                   | CUSIP: 68218J103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        63 | NS      | $223.02       | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln Electric Holdings Inc.                 | Lincoln Electric Holdings, Inc.                | CUSIP: 533900106<br>LEI: BIMGBY40SIN95O01BN93 | Long             | EC               | CORP              | US        |        14 | NS      | $2070.32      | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| NanoString Technologies Inc.                   | NanoString Technologies, Inc.                  | CUSIP: 63009R109<br>LEI: 549300G4CK0Y3WRDMY89 | Long             | EC               | CORP              | US        |        73 | NS      | $510.27       | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                      | Halozyme Therapeutics, Inc.                    | CUSIP: 40637H109<br>LEI: 529900242I3SV9AGM753 | Long             | EC               | CORP              | US        |        35 | NS      | $2004.10      | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp.                         | Independent Bank Corp.                         | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |        23 | NS      | $2081.96      | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Avid Bioservices Inc                           | Avid Bioservices, Inc.                         | CUSIP: 05368M106<br>LEI: 549300GRUS3ZMGP8MX22 | Long             | EC               | CORP              | US        |        47 | NS      | $736.02       | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Shake Shack Inc                                | Shake Shack, Inc.                              | CUSIP: 819047101<br>LEI: 529900J74GJAHYP80N79 | Long             | EC               | CORP              | US        |        25 | NS      | $1315.00      | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| The Gap Inc                                    | Gap, Inc./The                                  | CUSIP: 364760108<br>LEI: T2ZG1WRWZ4BUCMQL9224 | Long             | EC               | CORP              | US        |        71 | NS      | $1032.34      | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Align Technology Inc.                          | Align Technology, Inc.                         | CUSIP: 016255101<br>LEI: 549300N5YSE0U3LCP840 | Long             | EC               | CORP              | US        |        11 | NS      | $2163.26      | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| The Scotts Miracle-Gro Company                 | Scotts Miracle-Gro Co./The                     | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |        14 | NS      | $783.02       | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Alarm.com Holdings Inc.                        | Alarm.com Holdings, Inc.                       | CUSIP: 011642105<br>LEI: 549300HIH92U1EKIHZ32 | Long             | EC               | CORP              | US        |        36 | NS      | $1796.40      | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Energy Industries, Inc.               | Advanced Energy Industries, Inc.               | CUSIP: 007973100<br>LEI: 549300756XI3QLFT2U27 | Long             | EC               | CORP              | US        |        47 | NS      | $4354.08      | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Casella Waste Systems, Inc.                    | Casella Waste Systems, Inc.                    | CUSIP: 147448104<br>LEI: 8EU0XUFVJ48U37IIDH51 | Long             | EC               | CORP              | US        |        31 | NS      | $2668.79      | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                    | Dropbox, Inc.                                  | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Long             | EC               | CORP              | US        |        38 | NS      | $895.28       | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Papa John's International Inc.                 | Papa John's International, Inc.                | CUSIP: 698813102<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | EC               | CORP              | US        |        32 | NS      | $2664.32      | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Medpace Holdings Inc.                          | Medpace Holdings, Inc.                         | CUSIP: 58506Q109<br>LEI: 549300H8TYEUVTW14A54 | Long             | EC               | CORP              | US        |        15 | NS      | $3148.35      | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Donnelley Financial Solutions Inc              | Donnelley Financial Solutions, Inc.            | CUSIP: 25787G100<br>LEI: 549300O1NPY4J56QCU04 | Long             | EC               | CORP              | US        |        38 | NS      | $1450.84      | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vicor Corp                                     | Vicor Corp.                                    | CUSIP: 925815102<br>LEI: 5299005KMQOTR6B51F09 | Long             | EC               | CORP              | US        |        32 | NS      | $1727.68      | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Conmed Corporation                             | CONMED Corp.                                   | CUSIP: 207410101<br>LEI: Z6C0YCECH9DCU5ZIQW84 | Long             | EC               | CORP              | US        |        55 | NS      | $4556.75      | 2.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Azenta Inc                                     | Azenta, Inc.                                   | CUSIP: 114340102<br>LEI: 35ZN6X1ANPH25YN32Y17 | Long             | EC               | CORP              | US        |        27 | NS      | $1625.67      | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| OmniAb Inc.                                    | OmniAb, Inc. - Earnout Shares                  | CUSIP: 68218J202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         4 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corporation                     | Exact Sciences Corp.                           | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |        29 | NS      | $1303.55      | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Oceaneering International, Inc.                | Oceaneering International, Inc.                | CUSIP: 675232102<br>LEI: 549300L6PH74701W0R30 | Long             | EC               | CORP              | US        |        99 | NS      | $1503.81      | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Cactus Inc                                     | Cactus, Inc.                                   | CUSIP: 127203107<br>LEI: 549300J3T8C9F8QFKV08 | Long             | EC               | CORP              | US        |        83 | NS      | $4514.37      | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Manhattan Associates Inc                       | Manhattan Associates, Inc.                     | CUSIP: 562750109<br>LEI: 529900Q1GJP7KD52SW51 | Long             | EC               | CORP              | US        |         6 | NS      | $755.64       | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Paylocity Holding Corporation                  | Paylocity Holdings Corp.                       | CUSIP: 70438V106<br>LEI: 549300VH75FTB4DIEE07 | Long             | EC               | CORP              | US        |        34 | NS      | $7406.22      | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Montrose Environmental Group Inc               | Montrose Environemental Group Inc.             | CUSIP: 615111101<br>LEI: 254900ASI8K3LUB8Q958 | Long             | EC               | CORP              | US        |        39 | NS      | $1800.24      | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Umpqua Holdings Co                             | Umpqua Holdings Corp.                          | CUSIP: 904214103<br>LEI: 5299002ENJ7CY215BW86 | Long             | EC               | CORP              | US        |        73 | NS      | $1479.71      | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Cleveland-Cliffs Inc                           | Cleveland-Cliffs, Inc.                         | CUSIP: 185899101<br>LEI: 549300TM2WLI2BJMDD86 | Long             | EC               | CORP              | US        |       100 | NS      | $1548.00      | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Paycom Software Inc                            | Paycom Software, Inc.                          | CUSIP: 70432V102<br>LEI: 254900LSB0HNJUDC6Q18 | Long             | EC               | CORP              | US        |         6 | NS      | $2034.60      | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| M.D.C. Holdings Inc.                           | M.D.C. Holdings, Inc.                          | CUSIP: 552676108<br>LEI: 5299005FV4VNV75R8R35 | Long             | EC               | CORP              | US        |        32 | NS      | $1037.76      | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corporation                            | Vericel Corp.                                  | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |        38 | NS      | $867.54       | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Box Inc.                                       | Box, Inc.                                      | CUSIP: 10316T104<br>LEI: 549300KQUCPD8687YS68 | Long             | EC               | CORP              | US        |        34 | NS      | $933.30       | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Six Flags Entertainment Corp.                  | Six Flags Entertainment Corp.                  | CUSIP: 83001A102<br>LEI: 549300JYTDUAA4JQ3717 | Long             | EC               | CORP              | US        |        52 | NS      | $1252.68      | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Liveperson Inc                                 | Liveperson, Inc.                               | CUSIP: 538146101<br>LEI: 549300IN2P1JZ20G7N40 | Long             | EC               | CORP              | US        |        58 | NS      | $680.92       | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corporation                   | Twist Bioscience Corp.                         | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |        29 | NS      | $793.15       | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Focus Financial Partners Inc                   | Focus Financial Partners, Inc.                 | CUSIP: 34417P100<br>LEI: 5493006FFJCGLZ246V12 | Long             | EC               | CORP              | US        |        46 | NS      | $1755.36      | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Momentive Global Inc                           | Momentive Global, Inc.                         | CUSIP: 60878Y108<br>LEI: 549300PR9RG3VC9OH575 | Long             | EC               | CORP              | US        |       203 | NS      | $1609.79      | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Shockwave Medical Incorporation                | Shockwave Medical, Inc.                        | CUSIP: 82489T104<br>LEI: 549300LDXO56IC5Y1538 | Long             | EC               | CORP              | US        |         4 | NS      | $1014.40      | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                                    | Ovintiv, Inc.                                  | CUSIP: 69047Q102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |        60 | NS      | $3345.60      | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Mercury Systems Inc                            | Mercury Systems, Inc.                          | CUSIP: 589378108<br>LEI: 549300P3B84SGK7HH679 | Long             | EC               | CORP              | US        |        32 | NS      | $1626.24      | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Rent-A-Center, Inc.                            | Rent-A-Center, Inc.                            | CUSIP: 76009N100<br>LEI: 529900QUHE15UQNCCJ63 | Long             | EC               | CORP              | US        |        31 | NS      | $746.79       | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Urban Outfitters Inc.                          | Urban Outfitters, Inc.                         | CUSIP: 917047102<br>LEI: 549300N3DUFR5U6NRN38 | Long             | EC               | CORP              | US        |        40 | NS      | $1157.60      | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Evercore Inc                                   | Evercore Partners, Inc.                        | CUSIP: 29977A105<br>LEI: 529900P6KLPT95DW3W58 | Long             | EC               | CORP              | US        |        19 | NS      | $2188.42      | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Allscripts Healthcare Solutions, Inc           | Allscripts Healthcare Solutions, Inc.          | CUSIP: 01988P108<br>LEI: Y68YJHVB1GU4TAU3C223 | Long             | EC               | CORP              | US        |       261 | NS      | $4943.34      | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Moelis & Co.                                   | Moelis & Co.                                   | CUSIP: 60786M105<br>LEI: 549300891QNU7VTQUR83 | Long             | EC               | CORP              | US        |        39 | NS      | $1685.58      | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc. | Charles River Laboratories International, Inc. | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |         5 | NS      | $1142.85      | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                                   | Cadence Bank                                   | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |        34 | NS      | $980.56       | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Myriad Genetics Inc.                           | Myriad Genetics, Inc.                          | CUSIP: 62855J104<br>LEI: 52990044IHUOUMETT163 | Long             | EC               | CORP              | US        |        55 | NS      | $1114.30      | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Heico Corp                                     | HEICO Corp.                                    | CUSIP: 422806109<br>LEI: 529900O1DTDLCJ7L0I14 | Long             | EC               | CORP              | US        |         6 | NS      | $973.86       | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Diodes Incorporated                            | Diodes, Inc.                                   | CUSIP: 254543101<br>LEI: 549300XP2X1ARVH3BX23 | Long             | EC               | CORP              | US        |        62 | NS      | $5718.26      | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| National Vision Holdings Inc                   | National Vision Holdings, Inc.                 | CUSIP: 63845R107<br>LEI: 549300JHURCBLI5ROA42 | Long             | EC               | CORP              | US        |        28 | NS      | $1132.88      | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Thor Industries Inc.                           | Thor Industries, Inc.                          | CUSIP: 885160101<br>LEI: 254900XZO1228PDSG060 | Long             | EC               | CORP              | US        |        11 | NS      | $947.54       | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| The Macerich Company                           | Market Vectors Russia ETF                      | CUSIP: 554382101<br>LEI: 529900PSWCB5KI0JYU46 | Long             | EC               | CORP              | US        |       153 | NS      | $1943.10      | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Steel Dynamics, Inc.                           | Steel Dynamics, Inc.                           | CUSIP: 858119100<br>LEI: 549300HGGKEL4FYTTQ83 | Long             | EC               | CORP              | US        |        15 | NS      | $1558.95      | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Beer Co Inc                             | Boston Beer Co., Inc./The                      | CUSIP: 100557107<br>LEI: 529900Q02MQ0DCQNRM58 | Long             | EC               | CORP              | US        |         5 | NS      | $1921.85      | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Builders Firstsource, Inc.                     | Builders FirstSource, Inc.                     | CUSIP: 12008R107<br>LEI: 549300W0SKP6L3H7DP63 | Long             | EC               | CORP              | US        |        62 | NS      | $3963.66      | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus McKinnon Corp.                        | Columbus McKinnon Corp.                        | CUSIP: 199333105<br>LEI: 549300W3HQB0HO1F3G69 | Long             | EC               | CORP              | US        |        57 | NS      | $1837.11      | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                                   | Alkermes PLC                                   | CUSIP: G01767105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |        14 | NS      | $346.92       | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| ChampionX Corporation                          | ChampionX Corp.                                | CUSIP: 15872M104<br>LEI: 549300EP2909K6DYYP38 | Long             | EC               | CORP              | US        |       130 | NS      | $4009.20      | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Freshpet Inc                                   | Freshpet, Inc.                                 | CUSIP: 358039105<br>LEI: 549300S4ZK8ZQ6HNPN59 | Long             | EC               | CORP              | US        |        44 | NS      | $2948.88      | 1.62%             |  |  |  | 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