# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-005257
**Filing Date:** 2025-12
**Character Count:** 19160
**Document Hash:** 4bd3abdd52739b2670950aa73236aa61
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005257.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005257

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251201

**DATE AS OF CHANGE**: 20251201

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** UNIFIED SERIES TRUST
- **CENTRAL INDEX KEY:** 0001199046

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21237
- **FILM NUMBER:** 251537466

**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

### Channel Income Fund (Series ID: S000002756)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000007552 | Channel Income Fund | CPSIX           |

## 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:** CHANNEL INCOME FUND

- **b. EDGAR series identifier (if any):** S000002756

- **c. LEI of Series:** 549300WVKPEHZ4MSWJ31

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $32154740.40

**Total Liabilities:** $10069582.92

**Net Assets:** $22085157.48

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 46.12017143 | **1-Year:** 646.59865426 | **5-Year:** 2493.34630906 | **10-Year:** 1198.01588962 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 1938.64836105 | **1-Year:** 420.53601542 | **5-Year:** 114.44367758 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007552 | -0.28%               | -0.26%               | -0.30%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $130571.33               | $-98226.36                                 |
| Month 2  | $33469.15                | $39215.45                                  |
| Month 3  | $-74.22                  | $58794.47                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Edison International                 | Edison International                                              | CUSIP: 281020AS6<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973365.41    | 4.41%             | 2069-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Genworth Financial Inc.              | Genworth Holdings, Inc.                                           | CUSIP: 37247DAG1<br>LEI: 549300EMCG286BDNKJ33 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1502161.34   | 6.80%             | 2036-11-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners Lp          | Cheniere Energy Partners LP 3/1/2031                              | CUSIP: 16411QAK7<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289626.11    | 1.31%             | 2031-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Activision Blizzard Inc              | Activision Blizzard, Inc.                                         | CUSIP: 00507VAK5<br>LEI: 549300TPQQDBP9GNOF40 | Long             | DBT              | CORP              | US        |    232000 | PA      | $228269.84    | 1.03%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.               | United Airlines 2018-1 Class B Pass Through Trust 4.6 03/01/26 B  | CUSIP: 90932NAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119610 | PA      | $119359.88    | 0.54%             | 2026-03-01      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.           | Occidental Petroleum Corp 6.625 09/01/30                          | CUSIP: 674599ED3<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    250000 | PA      | $267900.69    | 1.21%             | 2030-09-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Philip Morris International Inc.     | Philip Morris International Inc                                   | CUSIP: 718172DQ9<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504121.84    | 2.28%             | 2034-11-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Synovus Financial Corp.              | Synovus Financial Corp                                            | CUSIP: 87161CAP0<br>LEI: 549300EIUS8UN5JTLE54 | Long             | DBT              | CORP              | US        |    400000 | PA      | $415770.69    | 1.88%             | 2030-11-01      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                | Bank of America NA 10/25/2035                                     | CUSIP: 06051GMD8<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512955.27    | 2.32%             | 2035-10-25      | Fixed         | 5.52%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.               | United Airlines 2019-1 Class A Pass Through Trust 4.55 08/25/31 A | CUSIP: 90931EAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    409384 | PA      | $392292.25    | 1.78%             | 2031-08-25      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.              | American Airlines Pass Trough Trust 2016-3 Class B                | CUSIP: 023771S41<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    699194 | PA      | $698067.27    | 3.16%             | 2025-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                   | Energy Transfer LP                                                | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1007615.19   | 4.56%             | 2167-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Spirit Airlines Incorporation 2015-1 | SPIRIT AIR 2015-1 PTT A 4.1 04/01/28                              | CUSIP: 84858DAA6<br>LEI: 549300DCAFIXFNFR3304 | Long             | ABS-O            | CORP              | US        |    364668 | PA      | $347308.08    | 1.57%             | 2028-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                      | EQT Corp                                                          | CUSIP: 26884LAG4<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $272370.36    | 1.23%             | 2030-02-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Sempra                               | Sempra                                                            | CUSIP: 816851BT5<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | DBT              | CORP              | US        |    500000 | PA      | $511597.45    | 2.32%             | 2054-10-01      | Fixed         | 6.40%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.     | American Electric Power Co., Inc.                                 | CUSIP: 025537AZ4<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $523982.98    | 2.37%             | 2054-12-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Apache Finance Canada Corporation    | Apache Corp 7.75 12/15/29                                         | CUSIP: 03746AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1100881.17   | 4.98%             | 2029-12-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| WarnerMedia Holdings Inc.            | Warnermedia Holdings Inc 4.054 03/15/29 *                         | CUSIP: 55903VBY8<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    300000 | PA      | $289646.44    | 1.31%             | 2029-03-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| Altria Group, Inc.                   | Altria Group Inc 2.625 09/16/26                                   | CUSIP: 02209SAU7<br>LEI: XSGZFLO9YTNO9VCQV219 | Long             | DBT              | CORP              | US        |    500000 | PA      | $493612.08    | 2.24%             | 2026-09-16      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc         | United Airlines Pass Through Trust                                | CUSIP: 90932VAA3<br>LEI: 98450079DA0B78DD6764 | Long             | ABS-O            | CORP              | US        |    421125 | PA      | $420825.30    | 1.91%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.         | Blue Owl Credit Income Corp 6.65 03/15/31                         | CUSIP: 69120VAZ4<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    500000 | PA      | $525538.79    | 2.38%             | 2031-03-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Paramount Global                     | Paramount Global                                                  | CUSIP: 92556HAE7<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498873.49    | 2.26%             | 2062-03-30      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| JetBlue Airways Corporation          | JBLU 7.75 11/15/28 1B JetBlue 2020-1 Class B Pass Through Trust   | CUSIP: 477164AB3<br>LEI: 54930070J9H97ZO93T57 | Long             | ABS-O            | CORP              | US        |    530476 | PA      | $535703.80    | 2.43%             | 2028-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.               | United Ailines 2014-1 Pass Through Trust                          | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    591894 | PA      | $590249.32    | 2.67%             | 2026-04-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KeyBank National Association         | KeyBank NA/Cleveland OH 3.9 04/13/29                              | CUSIP: 49327V2B9<br>LEI: HUX2X73FUCYHUVH1BK78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $489337.56    | 2.22%             | 2029-04-13      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes         | United States Treasury Note                                       | CUSIP: 91282CNT4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2250000 | PA      | $2268457.03   | 10.27%            | 2035-08-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.              | American Airlines Pass Through Trust                              | CUSIP: 023764AA1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |   1153192 | PA      | $1113659.15   | 5.04%             | 2029-12-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.   | Dell International LLC / EMC Corp 4.5 02/15/31                    | CUSIP: 24703DBS9<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499105.59    | 2.26%             | 2031-02-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| First Horizon Bank                   | First Horizon Bank                                                | CUSIP: 337158AJ8<br>LEI: COOWI3L2W9TPYR3WJX37 | Long             | DBT              | CORP              | US        |    400000 | PA      | $413216.52    | 1.87%             | 2030-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Fidelity Colchester Street Trust     | Fidelity Investments Money Market Funds  - Government Portfolio   | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    912840 | PA      | $912839.79    | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Ovintiv Inc                          | Ovintiv, Inc.                                                     | CUSIP: 69047QAC6<br>LEI: 2549003MEX7YMKLGI239 | Long             | DBT              | CORP              | US        |    300000 | PA      | $316511.07    | 1.43%             | 2033-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Hawaiian Holdings Inc.               | Hawaiian Airlines 2013-1 Class A Pass Through Certificates        | CUSIP: 419838AA5<br>LEI: 529900TQUS2JVPSSPP86 | Long             | ABS-O            | CORP              | US        |    388513 | PA      | $385370.56    | 1.74%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Phillips 66 Co.                      | Phillips 66 Co 5.875 03/15/56 A                                   | CUSIP: 718547AZ5<br>LEI: RVJMT2IZVVSKIRJJBH76 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496452.15    | 2.25%             | 2056-03-15      | Fixed         | 5.87%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.           | Occidental Petroleum Corp                                         | CUSIP: 674599DT9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    550000 | PA      | $592988.00    | 2.69%             | 2029-03-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                 | JPMorgan Chase & Co 5.576 07/23/36                                | CUSIP: 46647PFC5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    250000 | PA      | $259394.73    | 1.17%             | 2036-07-23      | Fixed         | 5.58%                 | No            |                  2 | On Loan: No      |
| GEO Group Inc                        | GEO Group Inc/The 10.25 04/15/31                                  | CUSIP: 36162JAH9<br>LEI: 54930024XOXET7NQVZ63 | Long             | DBT              | CORP              | US        |    800000 | PA      | $880804.83    | 3.99%             | 2031-04-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| Ally Financial Inc.                  | Ally Financial, Inc.                                              | CUSIP: 02005NBM1<br>LEI: 549300JBN1OSM8YNAI90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $487546.14    | 2.21%             | N/A             | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.              | American Airlines 2016-1 Class A Pass Through Trust               | CUSIP: 02376WAA9<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    284767 | PA      | $278743.48    | 1.26%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-30

**Name of Applicant:** Unified Series Trust

**Signature:** Gregory Knoth

**Name of Signer:** Gregory Knoth

**Title:** SVP, Mutual Fund Controller