# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-25-005241
**Filing Date:** 2025-12
**Character Count:** 20351
**Document Hash:** b8fcf05689dc36fbf74667e835402b51
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-25-005241.hdr.sgml**: 20251201

**ACCESSION NUMBER**: 0000910472-25-005241

**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:** 251537416

**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

### Appleseed Fund (Series ID: S000014625)

| Class ID   | Class Name                         | Ticker Symbol   |
|:---|:---|:---|
| C000040026 | Appleseed Fund Investor Class      | APPLX           |
| C000093602 | Appleseed Fund Institutional Class | APPIX           |

## 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:** APPLESEED FUND

- **b. EDGAR series identifier (if any):** S000014625

- **c. LEI of Series:** 5493008V5H9VKDRDMH13

**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:** $54228237.06

**Total Liabilities:** $98520.89

**Net Assets:** $54129716.17

**Cash Not Reported:** $60740.21

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000093602 | -2.49%               | 4.02%                | -0.42%               |
| Class ID C000040026 | -2.44%               | 3.94%                | -0.41%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $598511.63               | $-842903.15                                |
| Month 2  | $255070.74               | $2827207.96                                |
| Month 3  | $1463612.19              | $-616269.27                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ardelyx Inc                                                                         | Ardelyx, Inc.                                             | CUSIP: 039697107<br>LEI: 549300F542QR4SXHCY32 | Long             | EC               | CORP              | US        |     75000 | NS      | $413250.00    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                                                          | Dollar General Corp.                                      | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     25000 | NS      | $2583750.00   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Moscow Exchange MICEX-RTS PJSC                                                      | Moscow Exchange MICEX-RTS PJSC                            | CUSIP: X6983N101<br>LEI: 253400M5M1222KPNWE87 | Long             | EC               | CORP              | RU        |   1300000 | NS      | $156.82       | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Nice Limited                                                                        | NICE-Systems Ltd.                                         | CUSIP: 653656108<br>LEI: 254900YTY4EF5Z4W0A51 | Long             | EC               | CORP              | IL        |     11000 | NS      | $1592580.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Ituran                                                                              | Ituran Location and Control Ltd.                          | CUSIP: M6158M104<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     45000 | NS      | $1607400.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Boardwalk Real Estate Investment Trust                                              | Boardwalk Real Estate Investment Trust                    | CUSIP: 096631106<br>LEI: 549300RMNRTTJRCOYW23 | Long             | EC               | CORP              | CA        |     40000 | NS      | $1987279.46   | 3.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexander & Baldwin Inc                                                             | Alexander & Baldwin, Inc.                                 | CUSIP: 014491104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55000 | NS      | $1000450.00   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                                                                  | Mosaic Co./The                                            | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     30000 | NS      | $1040400.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Two Harbors Investment Corp.                                                        | Two Harbors Investment Corp                               | CUSIP: 90187B804<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EC               | CORP              | US        |     85000 | NS      | $838950.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker, Inc.                                                        | Stanley Black & Decker, Inc.                              | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |     14000 | NS      | $1040620.00   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | Spring Bank                                               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.46%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Simplify Exchange Traded Funds                                                      | Simplify MBS ETF                                          | CUSIP: 82889N525<br>LEI: 549300LDDEMEUCZQEO55 | Long             | EC               | RF                | US        |     10000 | NS      | $503500.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| V.F. Corp                                                                           | VF Corp.                                                  | CUSIP: 918204108<br>LEI: CWAJJ9DJ5Z7P057HV541 | Long             | EC               | CORP              | US        |     70000 | NS      | $1010100.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                                                  | ConAgra Foods, Inc.                                       | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Long             | EC               | CORP              | US        |     57000 | NS      | $1043670.00   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Holdings N.V.                                                                | AerCap Holdings NV                                        | CUSIP: N00985106<br>LEI: 549300SZYINBBLJQU475 | Long             | EC               | CORP              | NL        |     30000 | NS      | $3630000.00   | 6.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Lululemon Athletica Inc.                                                            | Lululemon Athletica, Inc.                                 | CUSIP: 550021109<br>LEI: 549300D9GZ4BMLDW5T40 | Long             | EC               | CORP              | US        |     12000 | NS      | $2135160.00   | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Industries Holdings, Inc.                                                        | CF Industries Holdings, Inc.                              | CUSIP: 125269100<br>LEI: 529900CG8YAQFZ2JMV97 | Long             | EC               | CORP              | US        |     19000 | NS      | $1704300.00   | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Easterly Government Properties Inc                                                  | Easterly Government Properties, Inc.                      | CUSIP: 27616P301<br>LEI: 549300ERMCEFC6S8HL77 | Long             | EC               | CORP              | US        |     58000 | NS      | $1329940.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Asset Management LP                                                          | Sprott Physical Gold Trust                                | CUSIP: 85207H104<br>LEI: 5493007M22KSTRPCA127 | Long             | EC               | RF                | CA        |    150000 | NS      | $4443000.00   | 8.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Standard Chartered PLC                                                              | Standard Chartered PLC                                    | CUSIP: G84228157<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | EC               | CORP              | GB        |     70000 | NS      | $1351422.23   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Diana Shipping Inc.                                                                 | Diana Shipping, Inc.                                      | CUSIP: Y2066G104<br>LEI: 549300XD7FHNJ0THIV12 | Long             | EC               | CORP              | MH        |    525000 | NS      | $882000.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Gravity Co Ltd                                                                      | Gravity Co. Ltd.                                          | CUSIP: 38911N206<br>LEI: 529900NZDBA9C6G28L55 | Long             | EC               | CORP              | KR        |     10000 | NS      | $640000.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Sberbank of Russia                                                                  | Sberbank of Russia                                        | CUSIP: X76317100<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    324000 | NS      | $3.91         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Money Market Obligations Trust                                                      | Federated Hermes Government Obligations Fund              | CUSIP: 60934N104<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |    546265 | PA      | $546264.63    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| AerCap Ireland Capital Designated Activity Co. / AerCap Global Aviation Trust (AER) | AerCap Ireland Capital DAC / AerCap Global Aviation Trust | CUSIP: 00774MAB1<br>LEI: 549300TI38531ODB1G63 | Long             | DBT              | CORP              | IE        |    500000 | PA      | $495736.45    | 0.92%             | 2027-07-21      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Bollore SE                                                                          | Bollore SA                                                | CUSIP: F10659260<br>LEI: 969500LEKCHH6VV86P94 | Long             | EC               | CORP              | FR        |    200000 | NS      | $1130781.87   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                                                 | Community Development Bank                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    250000 | PA      | $250000.00    | 0.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, Series T, 8.25%    | CUSIP: 313586737<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     30000 | NS      | $471000.00    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| The Chemours Company LLC                                                            | Chemours Co./The                                          | CUSIP: 163851108<br>LEI: 549300M1BOLNXL8DOV14 | Long             | EC               | CORP              | US        |     75000 | NS      | $1188000.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd.                                                         | Samsung Electronics Co. Ltd.                              | CUSIP: Y74718100<br>LEI: 9884007ER46L6N7EI764 | Long             | EC               | CORP              | KR        |     22000 | NS      | $1314915.87   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Bitcoin Trust ETF                                                           | iShares Bitcotin Trust ETF                                | CUSIP: 46438F101<br>LEI: 529900HVFN08L8P4H851 | Long             | EC               | RF                | US        |     20000 | NS      | $1300000.00   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Sprott Asset Management LP                                                          | Sprott Physical Uranium Trust                             | CUSIP: 85210A104<br>LEI: 5493007M22KSTRPCA127 | Long             | EC               | RF                | CA        |     80000 | NS      | $1602400.00   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| GXO Logistics Inc.                                                                  | GXO Logistics, Inc.                                       | CUSIP: 36262G101<br>LEI: 5493007CNWMXN78JRN66 | Long             | EC               | CORP              | US        |     30000 | NS      | $1586700.00   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles River Laboratories International, Inc.                                      | Charles River Laboratories International, Inc.            | CUSIP: 159864107<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | EC               | CORP              | US        |      6000 | NS      | $938760.00    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                                                        | United States Treasury Inflation Indexed Bonds            | CUSIP: 9128283R9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $1294801.51   | 2.39%             | 2028-01-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| Willis Lease Finance Corp.                                                          | Willis Lease Finance Corp.                                | CUSIP: 970646105<br>LEI: 54930023EP1OE5MKWF89 | Long             | EC               | CORP              | US        |      9000 | NS      | $1233810.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Federal National Mortgage Association                                               | Federal National Mortgage Association, Series S, 8.25%    | CUSIP: 313586752<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | EP               | USGSE             | US        |     25000 | NS      | $415000.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Humana Inc.                                                                         | Humana, Inc.                                              | CUSIP: 444859102<br>LEI: 529900YLDW34GJAO4J06 | Long             | EC               | CORP              | US        |      6000 | NS      | $1561020.00   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Herbalife Ltd.                                                                      | Herbalife Ltd.                                            | CUSIP: G4412G101<br>LEI: 549300BA7TYPBSZZIA41 | Long             | EC               | CORP              | KY        |    140000 | NS      | $1181600.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumentum Holdings Inc.                                                              | Lumentum Holdings, Inc.                                   | CUSIP: 55024UAD1<br>LEI: 549300JLWRRC38DWEF52 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $3372500.00   | 6.23%             | 2026-12-15      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| VanEck Merk Gold ETF                                                                | VanEck Merk Gold Shares                                   | CUSIP: 921078101<br>LEI: N/A                  | Long             | EC               | RF                | US        |     50000 | NS      | $1859500.00   | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart De Mexico                                                                  | Wal-Mart de Mexico SAB de CV                              | CUSIP: 93114W107<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |     40000 | NS      | $1233600.00   | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Unified Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer