# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-23-041834
**Filing Date:** 2023-2
**Character Count:** 19167
**Document Hash:** 6da7eb723bbe927ab209261c8b134ce7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041834.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041834

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230630

**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:** 23672048

**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

### Silk Invest New Horizons Frontier Fund (Series ID: S000061426)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000198925 | Institutional Class Shares | FSNHX           |

## 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:** SILK INVEST NEW HORIZONS FRONTIER FUND

- **b. EDGAR series identifier (if any):** S000061426

- **c. LEI of Series:** 549300VD5G7XM0BDK126

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

- **a. Date of fiscal year-end:** 2023-06-30

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $14278719.30

**Total Liabilities:** $60610.81

**Net Assets:** $14218108.49

**Cash Not Reported:** $457594.19

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000198925 | -6.51%               | 5.41%                | 1.75%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-135646.46              | $-870647.19                                |
| Month 2  | $-298219.80              | $1047197.53                                |
| Month 3  | $84726.66                | $180051.10                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Tgcc SA                                                                      | Travaux Generaux de Construction de Casablanca SA             | CUSIP: V60224108<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |       557 | NS      | $6671.68      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nishat Mills                                                                 | Nishat Mills Ltd.                                             | CUSIP: Y63771102<br>LEI: N/A                  | Long             | EC               | CORP              | PK        |    664500 | NS      | $160771.15    | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Emaar Properties PJSC                                                        | Emaar Properties PJSC                                         | CUSIP: M4025S107<br>LEI: 254900YWYEXYXK1BMP81 | Long             | EC               | CORP              | AE        |    241751 | NS      | $384598.54    | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinhomes Joint Stock Company                                                 | Vinhomes JSC                                                  | CUSIP: Y937JX103<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     91410 | NS      | $185503.29    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Vincom Retail Joint Stock Company                                            | Vincom Retail JSC                                             | CUSIP: Y937HV109<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     32300 | NS      | $35948.09     | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Phunhuan Jewelry                                                             | Phu Nhuan Jewelry JSC                                         | CUSIP: Y6891A109<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |     32667 | NS      | $124255.47    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Mtn Nigeria Communications Plc                                               | MTN Nigeria Communications PLC                                | CUSIP: V61430100<br>LEI: 0292003626J3K6UG9D04 | Long             | EC               | CORP              | NG        |   2070000 | NS      | $993703.53    | 6.99%             |  |  |  | No            |                  1 | On Loan: No      |
| El Sewedy Electric Co.                                                       | Elswedy Electric Co.                                          | CUSIP: M398AL106<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |    418000 | NS      | $203162.15    | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Meezan Bank                                                                  | Mezaan Bank Ltd.                                              | CUSIP: Y0090Y109<br>LEI: N/A                  | Long             | EC               | CORP              | PK        |    339020 | NS      | $148377.40    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Vietnam Prosperity Jsc Bank                                                  | Vietnam Prosperity JSC Bank                                   | CUSIP: Y9369Z101<br>LEI: 254900A0PM1YPJVDW880 | Long             | EC               | CORP              | VN        |    597439 | NS      | $452921.94    | 3.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Digiworld Corp                                                               | Digiworld Corp.                                               | CUSIP: Y20711100<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    112700 | NS      | $179887.95    | 1.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Systems Limited                                                              | Systems Ltd.                                                  | CUSIP: Y83476104<br>LEI: N/A                  | Long             | EC               | CORP              | PK        |    253840 | NS      | $542247.69    | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Dragon Capital Vietnam Fund Mgm                                              | DCFMVN Diamond ETF                                            | CUSIP: Y93674110<br>LEI: 254900INDXSG0H2LKW53 | Long             | EC               | RF                | VN        |    343000 | NS      | $325807.93    | 2.29%             |  |  |  | No            |                  2 | On Loan: No      |
| Telecom Egypt                                                                | Telecom Egypt Co.                                             | CUSIP: M87886103<br>LEI: 2138002G9HYJY4EDCG86 | Long             | EC               | CORP              | EG        |    271540 | NS      | $275278.37    | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinh Hoan Corp                                                               | Vinh Hoan Corp                                                | CUSIP: Y9375V102<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    127300 | NS      | $375582.88    | 2.64%             |  |  |  | No            |                  2 | On Loan: No      |
| Centum Investment                                                            | Centum Investment Co. Ltd.                                    | CUSIP: V4717D103<br>LEI: N/A                  | Long             | EC               | CORP              | KE        |   2590670 | NS      | $175482.10    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Safaricom Public Limited Company                                             | Safaricom Ltd.                                                | CUSIP: V74587102<br>LEI: N/A                  | Long             | EC               | CORP              | KE        |   1033577 | NS      | $202243.43    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibnsina Pharma                                                               | Ibnsina Pharma S.A.E.                                         | CUSIP: M5R02B109<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |   2451402 | NS      | $213858.45    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| MCB Bank Ltd.                                                                | MCB Bank Ltd.                                                 | CUSIP: Y61898105<br>LEI: 2549002SIFOER1TFOK04 | Long             | EC               | CORP              | PK        |    313500 | NS      | $160749.36    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ssi Securities Corporation                                                   | Saigon Securities, Inc.                                       | CUSIP: Y7398S106<br>LEI: 213800IF2RICE613K743 | Long             | EC               | CORP              | VN        |    409918 | NS      | $306281.27    | 2.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Equity Group Holdings Ltd                                                    | Equity Group Holdings Ltd./Kenya                              | CUSIP: V3254M104<br>LEI: 2549004UU5YYSKKYY479 | Long             | EC               | CORP              | KE        |   1050000 | NS      | $378439.34    | 2.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Lafarge Africa Plc                                                           | Lafarge Africa PLC                                            | CUSIP: V2856X104<br>LEI: 029200518F3SI5D98F61 | Long             | EC               | CORP              | NG        |  10230000 | NS      | $548194.79    | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle Nigeria Plc                                                           | Nestle Nigeria PLC                                            | CUSIP: V6702N103<br>LEI: 0292002173F4KD5E5347 | Long             | EC               | CORP              | NG        |    225000 | NS      | $552615.71    | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Tenth Of Ramadan For Pharmaceutical Industries And Diagnostic Reagents S.A.E | Tenth of Ramadan Pharmaceuticals and Diagnostics Reagents Co. | CUSIP: M7R323107<br>LEI: N/A                  | Long             | EC               | CORP              | EG        |   1938589 | NS      | $231891.09    | 1.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Kaspi.Kz Jsc                                                                 | Kapsi.KZ JSX                                                  | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      5370 | NS      | $385695.01    | 2.71%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Vndirect Securitie                                                           | VNDirect Securities Corp.                                     | CUSIP: Y937AE104<br>LEI: 254900CTFRJDDYA0L594 | Long             | EC               | CORP              | VN        |    477000 | NS      | $271906.20    | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Douja Promotion Addoha                                                       | Douja Promotion Groupe Addoha SA                              | CUSIP: V3077W107<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |    439000 | NS      | $261709.82    | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Airtel Africa PLC                                                            | Airtel Africa PLC                                             | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | GB        |     60000 | NS      | $80844.49     | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Habib Bank Ltd.                                                              | Habib Bank Ltd.                                               | CUSIP: Y2974J109<br>LEI: 549300N63RJKPUYAY631 | Long             | EC               | CORP              | PK        |    478000 | NS      | $134470.47    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Zenith Bank Plc                                                              | Zenith Bank PLC                                               | CUSIP: V9T871109<br>LEI: 029200268F8M5YI5I629 | Long             | EC               | CORP              | NG        |  14769452 | NS      | $791450.30    | 5.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Airtel Africa PLC                                                            | Airtel Africa PLC                                             | CUSIP: G01415101<br>LEI: 254900ZNZDQL6OWQH623 | Long             | EC               | CORP              | NG        |    153804 | NS      | $561478.87    | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Brac Bank Ltd                                                                | BRAC Bank Ltd.                                                | CUSIP: Y0969T108<br>LEI: 254900EHCK80ARTPIK21 | Long             | EC               | CORP              | BD        |   1449563 | NS      | $541879.56    | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Access Holdings PLC                                                          | Access Bank PLC                                               | CUSIP: V0014P104<br>LEI: 029200328C3N9YI2D660 | Long             | EC               | CORP              | NG        |  45550000 | NS      | $864480.76    | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                                                          | First American Government Obligations Fund                    | CUSIP: 31846V336<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |    206362 | PA      | $206361.68    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Guaranty Trust Holding Company PLC                                           | Guaranty Trust holding Co., PLC.                              | CUSIP: V4161A100<br>LEI: 0292004488G9K8Y1I649 | Long             | EC               | CORP              | NG        |  12927752 | NS      | $666782.86    | 4.69%             |  |  |  | No            |                  2 | On Loan: No      |
| EFG-Hermes Holding S.A.E.                                                    | Egyptian Financial Group-Hermes Holding Co.                   | CUSIP: M3047P109<br>LEI: 5586005JYFTUMPVGE837 | Long             | EC               | CORP              | EG        |    810180 | NS      | $585069.10    | 4.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Residences Dar Saada Sa                                                      | Residences Dar Saada                                          | CUSIP: V7159A107<br>LEI: N/A                  | Long             | EC               | CORP              | MA        |     62000 | NS      | $106646.77    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Kcb Group PLC                                                                | KCB Group Ltd.                                                | CUSIP: V5337U128<br>LEI: N/A                  | Long             | EC               | CORP              | KE        |   1085000 | NS      | $335711.36    | 2.36%             |  |  |  | No            |                  2 | On Loan: No      |
| Grameenphone Ltd                                                             | GrameenPhone Ltd.                                             | CUSIP: Y2844C110<br>LEI: N/A                  | Long             | EC               | CORP              | BD        |    143000 | NS      | $397939.61    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates NBD Bank PJSC                                                       | Emirates NBD Bank PJSC                                        | CUSIP: M4029Z107<br>LEI: 54930029BCN8HF3B1286 | Long             | EC               | CORP              | AE        |    117684 | NS      | $414488.07    | 2.92%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller