# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-26-008271
**Filing Date:** 2026-5
**Character Count:** 21197
**Document Hash:** 3f6d919e01dc1fb1fe1f1886bdbb8c39
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-008271.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0000910472-26-008271

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260930

**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:** 261039905

**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

### BALLAST SMALL/MID CAP ETF (Series ID: S000070046)

| Class ID   | Class Name                | Ticker Symbol   |
|:---|:---|:---|
| C000222954 | BALLAST SMALL/MID CAP ETF | MGMT            |

## 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:** BALLAST SMALL/MID CAP ETF

- **b. EDGAR series identifier (if any):** S000070046

- **c. LEI of Series:** 549300MWAM7TQ154AZ92

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $161624925.05

**Total Liabilities:** $199808.87

**Net Assets:** $161425116.18

**Cash Not Reported:** $1601363.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222954 | 7.00%                | 1.56%                | -6.23%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $10733974.43                               |
| Month 2  | $2099948.30              | $439540.90                                 |
| Month 3  | $1121230.60              | $-11964702.21                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ATN International Inc.                    | ATN International, Inc.                   | CUSIP: 00215F107<br>LEI: 54930013NP7VEU877V56 | Long             | EC               | CORP              | US        |     96575 | NS      | $2628771.50   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| AZZ Inc                                   | AZZ, Inc.                                 | CUSIP: 002474104<br>LEI: 549300HD1X2NFLWPYC83 | Long             | EC               | CORP              | US        |     38958 | NS      | $4874814.54   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Advansix Inc                              | AdvanSix, Inc.                            | CUSIP: 00773T101<br>LEI: 5493009TPRODMCAZLF67 | Long             | EC               | CORP              | US        |     76924 | NS      | $1876945.60   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank OZK                                  | Bank OZK                                  | CUSIP: 06417N103<br>LEI: 549300VYK2WBD7SST478 | Long             | EC               | CORP              | US        |     45729 | NS      | $2098503.81   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Bausch Plus Lomb Corp.                    | Bausch + Lomb Corporation                 | CUSIP: 071705107<br>LEI: 549300NY6OZM39SO6475 | Long             | EC               | CORP              | CA        |    149933 | NS      | $2383934.70   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| BEL Fuse Inc                              | Bel Fuse, Inc.                            | CUSIP: 077347300<br>LEI: 2549009L4XYDBRRY6X39 | Long             | EC               | CORP              | US        |     16698 | NS      | $3305870.04   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Brinks Company                            | Brink's Company (The)                     | CUSIP: 109696104<br>LEI: XFP140TFNOQMIVFTVQ13 | Long             | EC               | CORP              | US        |     36268 | NS      | $3758452.84   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Bruker Corporation                        | Bruker Corporation                        | CUSIP: 116794108<br>LEI: LEBZ6VLQ6I8XB1NHVY15 | Long             | EC               | CORP              | US        |     60741 | NS      | $2193964.92   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Cabot Corporation                         | Cabot Corporation                         | CUSIP: 127055101<br>LEI: K05C0SER542GQ6VLRO68 | Long             | EC               | CORP              | US        |     28605 | NS      | $2154242.55   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Capital Bancorp Inc.                      | Capital Bancorp, Inc.                     | CUSIP: 139737100<br>LEI: 549300LQKYGWQ7VP0C75 | Long             | EC               | CORP              | US        |    141952 | NS      | $4221652.48   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Capstone Green Energy Holdings Inc.       | Capstone Green Energy Holdings, Inc.      | CUSIP: 14067D607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47556 | NS      | $259180.20    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Cass Information Systems Inc.             | Cass Information Systems, Inc.            | CUSIP: 14808P109<br>LEI: 549300G7XPIPR7SJ2F38 | Long             | EC               | CORP              | US        |     36076 | NS      | $1588065.52   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cavco Industries                          | Cavco Industries, Inc.                    | CUSIP: 149568107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8779 | NS      | $4251581.91   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Collegium Pharmaceutical Inc.             | Collegium Pharmaceutical, Inc.            | CUSIP: 19459J104<br>LEI: 54930049FXZMTLW8D496 | Long             | EC               | CORP              | US        |     79564 | NS      | $2631181.48   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| GPGI Inc.                                 | GPGI, Inc.                                | CUSIP: 20459V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    206451 | NS      | $3530312.10   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Consensus Cloud Solutions Inc             | Consensus Cloud Solutions, Inc.           | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116452 | NS      | $2764570.48   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Core Natural Resources Inc.               | Core Natural Resources, Inc.              | CUSIP: 218937100<br>LEI: 549300YJCTPJBTK7IJ81 | Long             | EC               | CORP              | US        |     34967 | NS      | $3662093.91   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| QuidelOrtho Corp                          | QuidelOrtho Corporation                   | CUSIP: 219798105<br>LEI: 549300YU8CMO9HF53113 | Long             | EC               | CORP              | US        |    102442 | NS      | $1683122.06   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Criteo S.A                                | Criteo S.A.                               | CUSIP: 226718104<br>LEI: 969500EELFB4RDMFHA76 | Long             | EC               | CORP              | FR        |    164220 | NS      | $2944464.60   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Donaldson Co Inc                          | Donaldson Company, Inc.                   | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     24731 | NS      | $2098919.97   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| EPR Properties                            | EPR Properties                            | CUSIP: 26884U109<br>LEI: 549300YSSXFHMPOWZ492 | Long             | EC               | CORP              | US        |     51861 | NS      | $2590975.56   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Materials Inc.                      | Eagle Materials, Inc.                     | CUSIP: 26969P108<br>LEI: 529900KRXRGXL61SG039 | Long             | EC               | CORP              | US        |     14492 | NS      | $2745509.40   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecovyst Inc                               | Ecovyst, Inc.                             | CUSIP: 27923Q109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    394075 | NS      | $5067804.50   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Epsilon Energy Limited                    | Epsilon Energy Ltd.                       | CUSIP: 294375209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    572052 | NS      | $3523840.32   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Extreme Networks Inc.                     | Extreme Networks, Inc.                    | CUSIP: 30226D106<br>LEI: 549300WRECW11X94UB57 | Long             | EC               | CORP              | US        |     95845 | NS      | $1445342.60   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal Agricultural Mortgage Corporation | Federal Agricultural Mortgage Corporation | CUSIP: 313148306<br>LEI: 549300MS654K78GYF580 | Long             | EC               | USGSE             | US        |     26219 | NS      | $3889588.65   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GEO Group Inc                             | GEO Group, Inc. (The)                     | CUSIP: 36162J106<br>LEI: 54930024XOXET7NQVZ63 | Long             | EC               | CORP              | US        |    225079 | NS      | $3783577.99   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Business Travel Group inc          | Global Business Travel Group I            | CUSIP: 37890B100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    338191 | NS      | $1887105.78   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Hillman Solutions Corp                    | Hillman Solutions Corporation             | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    297144 | NS      | $2472238.08   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| IPG Photonics Corp                        | IPG Photonics Corporation                 | CUSIP: 44980X109<br>LEI: 5493002KZ51CADQ94G15 | Long             | EC               | CORP              | US        |     17480 | NS      | $2003033.20   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingles Markets, Incorporated              | Ingles Markets, Inc.                      | CUSIP: 457030104<br>LEI: 549300XH5RYBMYP8TF26 | Long             | EC               | CORP              | US        |     22174 | NS      | $1993220.86   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Iradimed Corp.                            | iRadimed Corporation                      | CUSIP: 46266A109<br>LEI: 549300YVHWP0YJ1YW816 | Long             | EC               | CORP              | US        |     24944 | NS      | $2401109.44   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Knowles Corporation                       | Knowles Corporation                       | CUSIP: 49926D109<br>LEI: 5493003EO323TDZQU148 | Long             | EC               | CORP              | US        |    104348 | NS      | $2679656.64   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Kosmos Energy Ltd                         | Kosmos Energy Ltd.                        | CUSIP: 500688106<br>LEI: 213800YDFJ3OT9B5P157 | Long             | EC               | CORP              | US        |   1423256 | NS      | $3956651.68   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Landstar System Inc.                      | Landstar System, Inc.                     | CUSIP: 515098101<br>LEI: 254900CUQXQRL09MEI52 | Long             | EC               | CORP              | US        |     23657 | NS      | $3792453.67   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MGIC Investment Corp.                     | MGIC Investment Corporation               | CUSIP: 552848103<br>LEI: 254900S8483WM4M98R28 | Long             | EC               | CORP              | US        |    104422 | NS      | $2741077.50   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Merchants Bancorp. (Indiana)              | Merchants Bancorp                         | CUSIP: 58844R108<br>LEI: 54930008Y0GPVLF81889 | Long             | EC               | CORP              | US        |     94133 | NS      | $4039247.03   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Industries Inc.                   | Mueller Industries, Inc.                  | CUSIP: 624756102<br>LEI: 5493005IZFE4VJLLYG84 | Long             | EC               | CORP              | US        |     26277 | NS      | $2911491.60   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Natural Resource Partners L.P.            | Natural Resource Partners, L.P.           | CUSIP: 63900P608<br>LEI: 529900EECJ7CSX1S1S58 | Long             | EC               | CORP              | US        |     75868 | NS      | $9180028.00   | 5.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Patrick Industries Inc.                   | Patrick Industries, Inc.                  | CUSIP: 703343103<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | EC               | CORP              | US        |     34697 | NS      | $3853795.79   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Phinia Inc.                               | Phinia, Inc.                              | CUSIP: 71880K101<br>LEI: 254900HG6MORZE1FFM18 | Long             | EC               | CORP              | US        |     29378 | NS      | $2010630.32   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| RCM Technologies                          | RCM Technologies, Inc.                    | CUSIP: 749360400<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     97559 | NS      | $1867279.26   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Gold, Inc.                          | Royal Gold, Inc.                          | CUSIP: 780287108<br>LEI: 5493001NGRU6SFL04184 | Long             | EC               | CORP              | US        |     18632 | NS      | $4741657.68   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| SPS Commerce Inc                          | SPS Commerce, Inc.                        | CUSIP: 78463M107<br>LEI: 2549006XVF9GCCETDQ72 | Long             | EC               | CORP              | US        |     26200 | NS      | $1458554.00   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Solaris Energy Infrastructure Inc         | Solaris Energy Infrastructure, Inc.       | CUSIP: 83418M103<br>LEI: 529900MTK3C8Y8TIIC10 | Long             | EC               | CORP              | US        |     81325 | NS      | $4595675.75   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Terex Corporation                         | Terex Corporation                         | CUSIP: 880779103<br>LEI: YAWJZJYEQ7M1SYMOS462 | Long             | EC               | CORP              | US        |     59719 | NS      | $3529392.90   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Metallus Inc.                             | Metallus, Inc.                            | CUSIP: 887399103<br>LEI: 549300QZTZWHDE9HJL14 | Long             | EC               | CORP              | US        |    202406 | NS      | $3307314.04   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Tripadvisor Inc                           | TripAdvisor, Inc.                         | CUSIP: 896945201<br>LEI: 549300XVG45PT5BART17 | Long             | EC               | CORP              | US        |    126341 | NS      | $1346795.06   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Turning Point Brands Inc                  | Turning Point Brands, Inc.                | CUSIP: 90041L105<br>LEI: 549300IYG00QF0VVP302 | Long             | EC               | CORP              | US        |     47006 | NS      | $4079650.74   | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Unit Corporation                          | Unit Corporation                          | CUSIP: 909218406<br>LEI: 549300XGK22FZCTN8B67 | Long             | EC               | CORP              | US        |     51442 | NS      | $1777321.10   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Climb Global Solutions Inc                | Climb Global Solutions, Inc.              | CUSIP: 946760105<br>LEI: 549300LKM16VX2FG7J68 | Long             | EC               | CORP              | US        |    244408 | NS      | $4844166.56   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferroglobe PLC                            | Ferroglobe plc                            | CUSIP: G33856108<br>LEI: 2138005GCFJACFTZUD90 | Long             | EC               | CORP              | GB        |    600944 | NS      | $2475889.28   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Ltd.                              | Genpact Ltd.                              | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | US        |     54489 | NS      | $2029715.25   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-31

**Name of Applicant:** Unified Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer