# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0001752724-23-041467
**Filing Date:** 2023-2
**Character Count:** 29578
**Document Hash:** 9c0a3613ad1c052888c54a0f6193e4f4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-041467.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001752724-23-041467

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230930

**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:** 23671442

**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 Short Duration Income Fund (Series ID: S000002756)

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

## Nport-Ex

Channel

Short

Duration

Income

Fund

Schedule

of

Investments

December

31,

2022

-

(Unaudited)

CORPORATE

BONDS

—

89.01%

Principal

Amount

Fair

Value

Corporate

Bonds

-

Domestic

—

84.32%

American

Airlines

Pass

Through

Trust,

Series

2013-2,

4.95%,

1/15/2023

$

1,333,314

$

1,330,865

American

Airlines

Pass

Through

Trust,

Series

2015-1,

3.70%,

5/1/2023

349,104

345,043

American

Airlines

Pass

Through

Trust,

Series

2016-3,

3.75%,

10/15/2025

1,157,463

1,037,050

American

Airlines

Pass

Through

Trust,

Series

2016-2,

3.65%,

12/15/2029

1,007,300

789,297

American

Electric

Power

Co.,

Inc.,

2.03%,

3/15/2024

500,000

481,819

B&G

Foods,

Inc.,

5.25%,

4/1/2025

750,000

661,743

Bank

of

America

Corp.,

4.83%,

7/22/2026

750,000

742,337

Celanese

US

Holdings

LLC,

6.33%,

7/15/2029

600,000

584,290

Charles

Schwab

Corp.

(The),

4.00%,

12/31/2049

(3MO

LIBOR

+

231bps)

(a) 900,000

717,373

Cheniere

Energy

Partners

LP,

4.50%,

10/1/2029

500,000

450,900

Continental

Airlines

Pass

Through

Trust,

Series

2012-2

A,

4.00%,

10/29/2024

1,548,408

1,474,407

DCP

Midstream

Operating

LP,

5.38%,

7/15/2025

600,000

594,722

Delta

Air

Lines,

Inc.,

Series

2019-1,

3.20%,

4/25/2024

825,000

799,623

Discovery

Communications

LLC,

4.13%,

5/15/2029

1,000,000

869,145

DISH

DBS

Corp.,

5.88%,

11/15/2024

300,000

280,477

Edison

International,

4.70%,

8/15/2025

250,000

244,945

Edison

International,

5.38%,

9/15/2069

(3MO

LIBOR

+

370bps)

(a) 400,000

328,443

Enable

Midstream

Partners

LP,

4.95%,

5/15/2028

300,000

288,564

Energy

Transfer

LP,

6.50%,

11/15/2167

(3MO

LIBOR

+

465bps)

(a) 500,000

435,317

EQT

Corp.,

6.13%,

2/1/2025

(b) 350,000

351,285

EQT

Corp.,

3.90%,

10/1/2027

600,000

554,929

FedEx

Corp

Pass

Trough

Trust,

Series

2020-1,

1.88%,

2/20/2034

446,527

363,862

Genworth

Holdings,

Inc.,

6.61%,

11/15/2036

(3MO

LIBOR

+

200bps)

2,300,000

1,439,326

Gulfport

Energy

Corp.,

8.00%,

5/17/2026

500,000

496,078

iHeartCommunications,

Inc.,

8.38%,

5/1/2027

750,000

639,569

JPMorgan

Chase

&

Co.,

4.85%,

7/25/2028

900,000

879,420

JPMorgan

Chase

&

Co.,

5.72%,

9/14/2033

a)

500,000

491,870

MPLX

LP,

4.13%,

3/1/2027

500,000

473,632

Plains

All

American

Pipeline

LP,

4.65%,

10/15/2025

250,000

245,012

Plains

All

American

Pipeline

LP/

PAA

Finance

Corp.,

3.60%,

11/1/2024

450,000

436,340

Range

Resources

Corp.,

4.88%,

5/15/2025

1,500,000

1,431,439

Raytheon

Technologies

Corp.,

3.50%,

3/15/2027

300,000

286,313

Sabine

Pass

Liquefaction

LLC,

5.88%,

6/30/2026

500,000

506,455

Southwest

Gas

Corp.,

5.80%,

12/1/2027

500,000

510,855

Sprint

Corp.,

7.63%,

3/1/2026

400,000

421,708

Targa

Resources

Corp.,

5.20%,

7/1/2027

500,000

491,518

T-Mobile

USA

Inc.,

2.63%,

2/15/2029

750,000

636,741

United

Airlines

Holdings,

Inc.,

4.88%,

1/15/2025

300,000

291,430

United

Airlines

Pass

Through

Trust,

Series

2013-1,

4.30%,

8/15/2025

150,777

140,357

United

Airlines

Pass

Through

Trust,

Series

2014-1,

4.00%,

4/11/2026

529,775

487,762

United

Airlines

Pass

Through

Trust,

Series

2014-2,

3.75%,

9/3/2026

607,935

557,562

United

Airlines

Pass

Through

Trust,

Series

2020-1,

5.88%,

4/15/2029

474,230

467,775

TOTAL

CORPORATE

BONDS

-

DOMESTIC

(Cost $25,754,517)

25,057,598

Corporate

Bonds

-

Foreign

—

4.69%

Channel

Short

Duration

Income

Fund

Schedule

of

Investments

(continued)

December

31,

2022

-

(Unaudited)

CORPORATE

BONDS

—

89.01%

-

continued

Principal

Amount

Fair

Value

Corporate

Bonds

-

Ireland

-

2.76%

AerCap

Ireland

Capital

DAC,

3.30%,

1/30/2032

$

750,000

$

586,413

AerCap

Ireland

Capital

DAC/AerCap

Global

Aviation

Trust,

4.63%,

10/15/2027

250,000

232,964

819,377

Corporate

Bonds

-

Switzerland

-

1.93%

Credit

Suisse

AG,

4.75%,

8/9/2024

600,000

573,474

TOTAL

CORPORATE

BONDS

-

FOREIGN

(Cost $1,553,139)

1,392,851

TOTAL

CORPORATE

BONDS

(Cost $27,307,656)

26,450,449

U.S.

GOVERNMENT

&

AGENCIES

—

9.12%

Principal

Amount

Fair

Value

United

States

Treasury

Note,

4.00 %

,

12/15/2025

700,000

695,652

United

States

Treasury

Note,

3.88 %

,

12/31/2027

1,000,000

994,345

United

States

Treasury

Note,

4.13 %

,

11/15/2032

1,000,000

1,020,080

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $2,710,499)

2,710,077

MONEY

MARKET

FUNDS

-

1.35%

Fidelity

Investments

Money

Market

Government

Portfolio,

Class

I,

4.06%

(c) 400,863

400,863

TOTAL

MONEY

MARKET

FUNDS

(Cost

$400,863)

400,863

TOTAL

INVESTMENTS

—

99.48%

(Cost

$30,419,018)

29,561,389

Other

Assets

in

Excess

of

Liabilities — 0.52%

154,355

NET

ASSETS

—

100.00%

$

29,715,744

(a) Variable

rate

security.

The

rate

shown

is

the

effective

interest

rate

as

of

December

31,

2022. The

benchmark

on

which

the

rate

is

calculated

is

shown

parenthetically.

(b) Step

bond.

Coupon

rate

is

fixed

rate

that

changes

on

a

specified

date.

The

rate

shown

is

the

current

rate

at

December

31,

2022. (c) Rate

disclosed

is

the

seven

day

effective

yield

as

of

December

31,

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:** CHANNEL SHORT DURATION 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:** 2023-09-30

- **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:** $37227651.81

**Total Liabilities:** $7525827.81

**Net Assets:** $29701824.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 5.68159400 | **1-Year:** 1192.22825500 | **5-Year:** 3024.45277900 | **10-Year:** 1273.61722200 | **30-Year:** 0.00000000

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

- **3-Month:** 9.82290900 | **1-Year:** 717.12295700 | **5-Year:** 845.35841400 | **10-Year:** 784.10523200 | **30-Year:** 188.63285600

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000007552 | -0.91%               | 1.72%                | -0.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-330567.00              | $269918.84                                 |
| Month 2  | $-112604.46              | $829617.14                                 |
| Month 3  | $-8152.75                | $44160.06                                  |

### 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        |    400000 | PA      | $328443.20    | 1.11%             | 2069-09-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Genworth Financial Inc.                             | Genworth Holdings, Inc.                                         | CUSIP: 37247DAG1<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $1439326.20   | 4.85%             | 2036-11-15      | Floating      | 6.61%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                            | CUSIP: 46647PDG8<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    900000 | PA      | $879420.60    | 2.96%             | 2028-07-25      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| T-Mobile USA, Inc.                                  | T-Mobile US Inc.                                                | CUSIP: 87264ABS3<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    750000 | PA      | $636741.00    | 2.14%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| American Electric Power Co, Inc.                    | American Electric Power Co., Inc.                               | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    500000 | PA      | $481819.50    | 1.62%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| Range Resources Corp.                               | Range Resources Corp.                                           | CUSIP: 75281AAS8<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1431439.50   | 4.82%             | 2025-05-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings Inc                        | United Airlines Holdings, Inc                                   | CUSIP: 910047AK5<br>LEI: 98450079DA0B78DD6764 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291430.20    | 0.98%             | 2025-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| T-Mobile US Inc                                     | Sprint Corp.                                                    | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    400000 | PA      | $421708.00    | 1.42%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                     | EQT Corp.                                                       | CUSIP: 26884LAH2<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    350000 | PA      | $351284.50    | 1.18%             | 2025-02-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DISH DBS Corporation                                | DISH DBS Corp.                                                  | CUSIP: 25470XAW5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $280476.90    | 0.94%             | 2024-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| B&G Foods, Inc.                                     | B&G Foods, Inc.                                                 | CUSIP: 05508RAE6<br>LEI: 549300TRW1LZMDJZAQ78 | Long             | DBT              | CORP              | US        |    750000 | PA      | $661743.00    | 2.23%             | 2025-04-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Bank of America Corporation                         | Bank Of America Corp.                                           | CUSIP: 06051GLA5<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    750000 | PA      | $742337.25    | 2.50%             | 2026-07-22      | Fixed         | 4.83%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                             | American Airlines Pass Trough Trust 2016-3 Class B              | CUSIP: 023771S41<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1157463 | PA      | $1037049.80   | 3.49%             | 2025-10-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                             | American Airlines Pass Through Trust                            | CUSIP: 02377UAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1333314 | PA      | $1330864.71   | 4.48%             | 2023-01-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                              | United Airlines Pass Through Trust                              | CUSIP: 90932QAA4<br>LEI: 549300MKG4NHSVSIVR18 | Long             | ABS-O            | CORP              | US        |    607934 | PA      | $557562.26    | 1.88%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Edison International                                | Edison International                                            | CUSIP: 281020AU1<br>LEI: 549300I7ROF15MAEVP56 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244944.50    | 0.82%             | 2025-08-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Partners L P                        | Cheniere Energy Partners LP                                     | CUSIP: 16411QAG6<br>LEI: 5493005UEC8AZ34LDV29 | Long             | DBT              | CORP              | US        |    500000 | PA      | $450900.00    | 1.52%             | 2029-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP                                  | Energy Transfer LP                                              | CUSIP: 29273VAN0<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    500000 | PA      | $435317.00    | 1.47%             | 2167-11-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Federal Express Corporation                         | FedEx Corp Pass Trough Trust 2020-1 Clasas AA                   | CUSIP: 314353AA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    446527 | PA      | $363861.77    | 1.23%             | 2034-02-20      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| Aercap Ireland Capital DAC                          | AerCap Ireland Capital DAC                                      | CUSIP: 00774MAX3<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    750000 | PA      | $586412.25    | 1.97%             | 2032-01-30      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| Raytheon Technologies Corporation                   | Raytheon Technologies Corp.                                     | CUSIP: 75513ECH2<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | DBT              | CORP              | US        |    300000 | PA      | $286312.80    | 0.96%             | 2027-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                        | United States Treasury Note                                     | CUSIP: 91282CGA3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    700000 | PA      | $695652.30    | 2.34%             | 2025-12-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Southwest Gas Corp                                  | Southwest Gas Corp.                                             | CUSIP: 845011AF2<br>LEI: OQQR1IQTGBKH0UR88X59 | Long             | DBT              | CORP              | US        |    500000 | PA      | $510855.00    | 1.72%             | 2027-12-01      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                        | United States Treasury Note                                     | CUSIP: 91282CGC9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $994345.00    | 3.35%             | 2027-12-31      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Credit Suisse AG New York Branch                    | Credit Suisse AG                                                | CUSIP: 22550L2J9<br>LEI: 549300D0YARF5HYP1809 | Long             | DBT              | CORP              | CH        |    600000 | PA      | $573474.00    | 1.93%             | 2024-08-09      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                        | United States Treasury Note                                     | CUSIP: 91282CFV8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1020080.00   | 3.43%             | 2032-11-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                             | American Airlines, Inc. Pass Through Trust                      | CUSIP: 023770AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    349104 | PA      | $345042.63    | 1.16%             | 2023-05-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Discovery Communications, LLC                       | Discovery Communications LLC                                    | CUSIP: 25470DBF5<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $869145.00    | 2.93%             | 2029-05-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                              | United Airlines Pass Through Trust 2013-1 Class A               | CUSIP: 909319AA3<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |    150777 | PA      | $140356.86    | 0.47%             | 2025-08-15      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp. (Calif)                       | Targa Resources Corp.                                           | CUSIP: 87612KAA0<br>LEI: 5493003QENHHS261UR94 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491518.00    | 1.65%             | 2027-07-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| United Air Lines, Inc.                              | Continental Airlines Pass Through Trust                         | CUSIP: 210795QB9<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | ABS-O            | CORP              | US        |   1548408 | PA      | $1474406.51   | 4.96%             | 2024-10-29      | Fixed         | 4.00%                 | 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        |    529775 | PA      | $487762.12    | 1.64%             | 2026-04-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                             | American Airlines Pass Through Trust                            | CUSIP: 023764AA1<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |   1007300 | PA      | $789297.11    | 2.66%             | 2029-12-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Enable Midstream Partners LP                        | Enable Midstream Partners LP                                    | CUSIP: 292480AL4<br>LEI: 549300TLGDBYE711G509 | Long             | DBT              | CORP              | US        |    300000 | PA      | $288563.70    | 0.97%             | 2028-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| DCP Midstream Operating, LP                         | DCP Midstream Operating LP                                      | CUSIP: 23311VAG2<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |    600000 | PA      | $594723.00    | 2.00%             | 2025-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                | JPMorgan Chase & Co.                                            | CUSIP: 46647PDK9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491870.00    | 1.66%             | 2033-09-14      | Fixed         | 5.72%                 | No            |                  2 | On Loan: No      |
| Fidelity Institutional Cash Portfolios              | Fidelity Investments Money Market Funds  - Government Portfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |    400863 | PA      | $400862.77    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains All American Pipeline L.P./PAA Finance Corp. | Plains All American Pipeline LP / PAA Finance Corp.             | CUSIP: 72650RBJ0<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245011.50    | 0.82%             | 2025-10-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Gulfport Energy Corporation                         | Gulfport Energy Corp.                                           | CUSIP: 402635AQ9<br>LEI: 549300FJX18IDUFPHD40 | Long             | DBT              | CORP              | US        |    500000 | PA      | $496078.00    | 1.67%             | 2026-05-17      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| iHeartCommunications Inc                            | iHeartCommunications, Inc.                                      | CUSIP: 45174HBD8<br>LEI: 54930076J6KDZL504O62 | Long             | DBT              | CORP              | US        |    750000 | PA      | $639569.25    | 2.15%             | 2027-05-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Delta Air Lines, Inc. Pass Thru Trust               | Delta Air Lines 2019-1 Class AA Pass Through Trust              | CUSIP: 24737BAA3<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | ABS-O            | CORP              | US        |    825000 | PA      | $799623.00    | 2.69%             | 2024-04-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                       | Sabine Pass Liquefaction LLC                                    | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506455.00    | 1.71%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MPLX LP                                             | MPLX LP                                                         | CUSIP: 55336VAK6<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    500000 | PA      | $473631.50    | 1.59%             | 2027-03-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| The Charles Schwab Corporation                      | Charles Schwab Corp./The                                        | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    900000 | PA      | $717372.90    | 2.42%             | N/A             | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Plains All American Pipeline L.P./PAA Finance Corp. | Plains All American Pipeline LP/ PAA Finance Corp.              | CUSIP: 72650RBF8<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    450000 | PA      | $436339.80    | 1.47%             | 2024-11-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| Aercap Ireland Capital DAC                          | AerCap Ireland Capital DAC/ AerCap Global Aviation Trust        | CUSIP: 00774MAR6<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    250000 | PA      | $232964.25    | 0.78%             | 2027-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                            | Celanese US Holdings LLC                                        | CUSIP: 15089QAN4<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    600000 | PA      | $584290.20    | 1.97%             | 2029-07-15      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass Through Trust 2020-1A          | United Airlines 2020-1 Class A Pass Through Trust               | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    474230 | PA      | $467775.26    | 1.57%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EQT Corporation                                     | EQT Corp.                                                       | CUSIP: 26884LAF6<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | DBT              | CORP              | US        |    600000 | PA      | $554929.20    | 1.87%             | 2027-10-01      | Fixed         | 3.90%                 | 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