# EDGAR Filing Document

**Accession Number:** 0001199046
**File Stem:** 0000910472-26-001022
**Filing Date:** 2026-1
**Character Count:** 33780
**Document Hash:** 9f04d915857e5c61ab8689377b11fbae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-001022.hdr.sgml**: 20260129

**ACCESSION NUMBER**: 0000910472-26-001022

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260129

**DATE AS OF CHANGE**: 20260129

**PERIOD START**: 20251130

**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:** 26575293

**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

### AUER GROWTH FUND (Series ID: S000020493)

| Class ID   | Class Name       | Ticker Symbol   |
|:---|:---|:---|
| C000057444 | AUER GROWTH FUND | AUERX           |

## 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:** AUER GROWTH

- **b. EDGAR series identifier (if any):** S000020493

- **c. LEI of Series:** 549300XHPI3LTE313U92

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-11-30

**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:** $58832781.44

**Total Liabilities:** $110433.20

**Net Assets:** $58722348.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000057444 | 3.04%                | -0.37%               | 6.54%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3096404.11              | $-1479412.79                               |
| Month 2  | $1614363.09              | $-1812337.20                               |
| Month 3  | $969872.21               | $2601599.20                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Smith-Midland Corp                      | Smith-Midland Corporation                                       | CUSIP: 832156103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7000 | NS      | $243740.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitol Fed Fin In                      | Capitol Federal Financial, Inc.                                 | CUSIP: 14057J101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51000 | NS      | $337110.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Versabank New                           | VersaBank                                                       | CUSIP: 92512J106<br>LEI: 549300RUBSDFVNCR7415 | Long             | EC               | CORP              | CA        |     47000 | NS      | $568700.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PCB Bancorp                             | PCB Bancorp                                                     | CUSIP: 69320M109<br>LEI: 549300E5CI0LZ8Q25890 | Long             | EC               | CORP              | US        |     11000 | NS      | $238920.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Meridian Corporation                    | Meridian Corporation                                            | CUSIP: 58958P104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15000 | NS      | $239700.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Ero Copper Corp                         | ERO Copper Corporation                                          | CUSIP: 296006109<br>LEI: 549300KL8A21SEIO8I47 | Long             | EC               | CORP              | CA        |     67000 | NS      | $1699790.00   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Pro-Dex Inc                             | Pro-Dex, Inc.                                                   | CUSIP: 74265M205<br>LEI: 529900EB2AJA079NT411 | Long             | EC               | CORP              | US        |     16000 | NS      | $583040.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Range Resources Corp.                   | Range Resources Corporation                                     | CUSIP: 75281A109<br>LEI: H3Y3WLYCX0BTO1TRW162 | Long             | EC               | CORP              | US        |     13500 | NS      | $533115.00    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SIGA Technologies Inc.                  | SIGA Technologies, Inc.                                         | CUSIP: 826917106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32000 | NS      | $193920.00    | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| SiriusPoint Ltd                         | SiriusPoint Ltd.                                                | CUSIP: G8192H106<br>LEI: 549300OGXFI85N3YZZ51 | Long             | EC               | CORP              | BM        |     15000 | NS      | $312000.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Gold Mining Co Ltd              | Harmony Gold Mining Company Ltd.                                | CUSIP: 413216300<br>LEI: 378900986D05F0C29811 | Long             | EC               | CORP              | ZA        |     20000 | NS      | $393200.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Insteel Industries Inc.                 | Insteel Industries, Inc.                                        | CUSIP: 45774W108<br>LEI: 52990026LKY4MOX3L174 | Long             | EC               | CORP              | US        |     31000 | NS      | $947980.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| National Fuel Gas Company               | National Fuel Gas Company                                       | CUSIP: 636180101<br>LEI: 8JB38FFW1Y3C1HM8E841 | Long             | EC               | CORP              | US        |      5500 | NS      | $453475.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Dynex Capital Inc                       | Dynex Capital, Inc.                                             | CUSIP: 26817Q886<br>LEI: 5CIJ4S9HAEBWILA19B65 | Long             | EC               | CORP              | US        |     41000 | NS      | $574410.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| CF Bankshares Inc                       | CF Bankshares, Inc.                                             | CUSIP: 12520L109<br>LEI: 5493005T7GGZJKF4UK64 | Long             | EC               | CORP              | US        |     10000 | NS      | $239100.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Lincoln National Corp.                  | Lincoln National Corporation                                    | CUSIP: 534187109<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | EC               | CORP              | US        |     30000 | NS      | $1234200.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Third Coast Bancshares Inc.             | Third Coast Bancshares, Inc.                                    | CUSIP: 88422P109<br>LEI: 254900LW0YOTBYSQCK19 | Long             | EC               | CORP              | US        |      9000 | NS      | $342990.00    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Coffee Hldg Co Inc                      | Coffee Holding Company, Inc.                                    | CUSIP: 192176105<br>LEI: 549300FD5P29KIHQU051 | Long             | EC               | CORP              | US        |    110000 | NS      | $409200.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| North American Construction GRP Ltd     | North American Construction Group Ltd.                          | CUSIP: 656811106<br>LEI: 549300DQ6060LO4XGI15 | Long             | EC               | CORP              | CA        |     65000 | NS      | $932750.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Flushing Financial Corp.                | Flushing Financial Corporation                                  | CUSIP: 343873105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21000 | NS      | $344610.00    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Waterstone Financial Inc. (Maryland)    | Waterstone Financial, Inc.                                      | CUSIP: 94188P101<br>LEI: 5493002KM21XRC2DCQ02 | Long             | EC               | CORP              | US        |     18000 | NS      | $281880.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Bancorp Montana Inc               | Eagle Bancorp Montana, Inc.                                     | CUSIP: 26942G100<br>LEI: 549300P2SVRIY3YU1412 | Long             | EC               | CORP              | US        |     20000 | NS      | $332000.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Catalyst Pharmaceuticals Inc.           | Catalyst Pharmaceuticals, Inc.                                  | CUSIP: 14888U101<br>LEI: 5299004O0R5XXLA5H544 | Long             | EC               | CORP              | US        |     60000 | NS      | $1404600.00   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Colchester Street Trust        | Fidelity Investments Money Market Funds  - Government Portfolio | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |   5952212 | PA      | $5952211.82   | 10.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Rigel Pharmaceuticals Inc.              | Rigel Pharmaceuticals, Inc.                                     | CUSIP: 766559702<br>LEI: 529900KPTNUS5J8K9K66 | Long             | EC               | CORP              | US        |      8000 | NS      | $403920.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corporation                         | EQT Corporation                                                 | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |      9000 | NS      | $547740.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| First Internet Bancorp.                 | First Internet Bancorp                                          | CUSIP: 320557101<br>LEI: 549300T25MP2M92XU194 | Long             | EC               | CORP              | US        |     36000 | NS      | $685800.00    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc.                          | Citigroup, Inc.                                                 | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |      7700 | NS      | $797720.00    | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Sunrise Realty Trust Inc.               | Sunrise Realty Trust, Inc.                                      | CUSIP: 867981102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22000 | NS      | $221100.00    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Everquote Inc                           | EverQuote, Inc.                                                 | CUSIP: 30041R108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11000 | NS      | $290290.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Redwood Trust Inc                       | Redwood Trust, Inc.                                             | CUSIP: 758075402<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | EC               | CORP              | US        |     47000 | NS      | $258970.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Centerra Gold Inc                       | Centerra Gold, Inc.                                             | CUSIP: 152006102<br>LEI: 549300K0HXTMP5JJ0E62 | Long             | EC               | CORP              | CA        |     47000 | NS      | $624160.00    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| MiMedx Group Inc.                       | MiMedx Group, Inc.                                              | CUSIP: 602496101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77000 | NS      | $529760.00    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorsport Games Inc                    | Motorsport Games, Inc.                                          | CUSIP: 62011B201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175000 | NS      | $488250.00    | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Oneok Inc.                              | ONEOK, Inc.                                                     | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |      8500 | NS      | $618970.00    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriserv Finl Inc                      | AmeriServ Financial, Inc.                                       | CUSIP: 03074A102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $124400.00    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Prairie Operating Co                    | Prairie Operating Company                                       | CUSIP: 739650109<br>LEI: 549300NX50XL5HR17C26 | Long             | EC               | CORP              | US        |    570000 | NS      | $1065900.00   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Epsilon Energy Limited                  | Epsilon Energy Ltd.                                             | CUSIP: 294375209<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    100000 | NS      | $481000.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Harmony Biosciences Holdings Inc        | Harmony Biosciences Holdings, Inc.                              | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33000 | NS      | $1164570.00   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| B2Gold Corp.                            | B2Gold Corporation                                              | CUSIP: 11777Q209<br>LEI: 549300F7OK456M5NLM05 | Long             | EC               | CORP              | CA        |    375000 | NS      | $1732500.00   | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Tredegar Corp.                          | Tredegar Corporation                                            | CUSIP: 894650100<br>LEI: 54930003228ERHCH6K87 | Long             | EC               | CORP              | US        |     35000 | NS      | $273000.00    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc                      | Coterra Energy, Inc.                                            | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     21000 | NS      | $563640.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Vista Energy S.A.B. de C.V.             | Vista Energy S.A.B. de C.V.                                     | CUSIP: 92837L109<br>LEI: 549300UDOHP7958KNS89 | Long             | EC               | CORP              | MX        |     11500 | NS      | $565340.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Intelligent Protection Management Corp. | Intelligent Protection Management Corporation                   | CUSIP: 69764K106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125000 | NS      | $228750.00    | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Parke Bancorp Inc.                      | Parke Bancorp, Inc.                                             | CUSIP: 700885106<br>LEI: 5493000JF1TWXVD0CR78 | Long             | EC               | CORP              | US        |     11000 | NS      | $251790.00    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Antero Resources Corporation            | Antero Resources Corporation                                    | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |     24000 | NS      | $874320.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Pagaya Technologies Ltd.                | Pagaya Technologies Ltd.                                        | CUSIP: M7S64L123<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50000 | NS      | $1247500.00   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Galiano Gold Inc                        | Galiano Gold, Inc.                                              | CUSIP: 36352H100<br>LEI: 529900V13XJFM0VPGC86 | Long             | EC               | CORP              | CA        |    450000 | NS      | $1093500.00   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| NB Bancorp Inc.                         | NB Bancorp, Inc.                                                | CUSIP: 63945M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $313440.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinox Gold Corp                       | Equinox Gold Corporation                                        | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |     60000 | NS      | $832800.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| SSR Mining Inc                          | SSR Mining, Inc.                                                | CUSIP: 784730103<br>LEI: 549300JD2KR7AB9DYJ38 | Long             | EC               | CORP              | US        |     28000 | NS      | $651840.00    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| IAMGOLD Corp                            | IAMGOLD Corporation                                             | CUSIP: 450913108<br>LEI: 254900E7II30XAB9LA72 | Long             | EC               | CORP              | CA        |     45000 | NS      | $699300.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| New Gold, Inc.                          | New Gold, Inc.                                                  | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |    225000 | NS      | $1878750.00   | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| First Western Financial Inc.            | First Western Financial, Inc.                                   | CUSIP: 33751L105<br>LEI: 549300PPOGX4C7S66B47 | Long             | EC               | CORP              | US        |     10000 | NS      | $243500.00    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Dime Community Bancshares Inc.          | Dime Community Bancshares, Inc.                                 | CUSIP: 25432X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16000 | NS      | $453600.00    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Northfield Bancorp Inc.                 | Northfield Bancorp, Inc.                                        | CUSIP: 66611T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24000 | NS      | $258000.00    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| B.O.S. Better Online Solutions Ltd.     | BOS Better On-Line Solutions                                    | CUSIP: M20115180<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |     50000 | NS      | $233000.00    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Kearny Financial Corp.                  | Kearny Financial Corp                                           | CUSIP: 48716P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42000 | NS      | $288540.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ames National Corp                      | Ames National Corporation                                       | CUSIP: 031001100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13000 | NS      | $283660.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Capital Bancshares, Inc.          | Texas Capital Bancshares, Inc.                                  | CUSIP: 88224Q107<br>LEI: 549300466Q2SXRX0YM48 | Long             | EC               | CORP              | US        |      6000 | NS      | $541020.00    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Millrose Properties Inc.                | Millrose Properties, Inc.                                       | CUSIP: 601137102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9000 | NS      | $274140.00    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kewaunee Scientific Corp.               | Kewaunee Scientific Corporation                                 | CUSIP: 492854104<br>LEI: 549300Z8MHH8NUYXQ229 | Long             | EC               | CORP              | US        |     10500 | NS      | $403725.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| The Mosaic Company                      | Mosaic Company (The)                                            | CUSIP: 61945C103<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | EC               | CORP              | US        |     48000 | NS      | $1175520.00   | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Euroseas Ltd                            | Euroseas Ltd.                                                   | CUSIP: Y23592135<br>LEI: 213800ADWWZOFC9KU444 | Long             | EC               | CORP              | GR        |      6000 | NS      | $361740.00    | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Investar Holding Corp                   | Investar Holding Corporation                                    | CUSIP: 46134L105<br>LEI: 54930001EK2YM28LOJ08 | Long             | EC               | CORP              | US        |     15000 | NS      | $372000.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Ategrity Specialty Holdings LLC         | Ategrity Specialty Holdings, LLC                                | CUSIP: 04681Y103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     26000 | NS      | $494780.00    | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Orchid Island Capital Inc.              | Orchid Island Capital, Inc.                                     | CUSIP: 68571X301<br>LEI: 549300KBIHGT19K9DY89 | Long             | EC               | CORP              | US        |     40000 | NS      | $289200.00    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| CorMedix Inc.                           | CorMedix, Inc.                                                  | CUSIP: 21900C308<br>LEI: 5299006YIA3L0MBW8358 | Long             | EC               | CORP              | US        |    117000 | NS      | $1147770.00   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Perma Pipe International Hld Inc        | Perma-Pipe International Holdings, Inc.                         | CUSIP: 714167103<br>LEI: 549300QBMR25XXRKXK93 | Long             | EC               | CORP              | US        |     12000 | NS      | $308400.00    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Seanergy Maritime Holdings Corp.        | Seanergy Maritime Holdings Corp                                 | CUSIP: Y73760400<br>LEI: 213800S7JIZA8FZXF245 | Long             | EC               | CORP              | US        |    130000 | NS      | $1374100.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Ring Energy Inc                         | Ring Energy, Inc.                                               | CUSIP: 76680V108<br>LEI: 549300HMY6TJ265I8S64 | Long             | EC               | CORP              | US        |    550000 | NS      | $501820.00    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Sandridge Energy, Inc.                  | SandRidge Energy, Inc.                                          | CUSIP: 80007P869<br>LEI: W1MKPVGS6I5155L7VV67 | Long             | EC               | CORP              | US        |     90000 | NS      | $1272600.00   | 2.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BKV Corporation                         | BKV Corporation                                                 | CUSIP: 05603J108<br>LEI: 549300S3T4Z01TRFU656 | Long             | EC               | CORP              | US        |     49000 | NS      | $1352890.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Peapack-Gladstone Financial Corp.       | Peapack-Gladstone Financial Corporation                         | CUSIP: 704699107<br>LEI: 549300G8DN2UK8K0ET30 | Long             | EC               | CORP              | US        |     21000 | NS      | $567000.00    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Banc Of California Inc.                 | Banc of California, Inc.                                        | CUSIP: 05990K106<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EC               | CORP              | US        |     37000 | NS      | $682280.00    | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinross Gold Corp.                      | Kinross Gold Corporation                                        | CUSIP: 496902404<br>LEI: 549300UEBMAQDN0K0R06 | Long             | EC               | CORP              | CA        |     12000 | NS      | $337320.00    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Dorian LPG Ltd.                         | Dorian, L.P.G Ltd.                                              | CUSIP: Y2106R110<br>LEI: 549300WP1W2WGMC7F395 | Long             | EC               | CORP              | US        |     10000 | NS      | $247800.00    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Integra Resources Corporation           | Integra Resources Corporation                                   | CUSIP: 45826T509<br>LEI: 529900MC191X8CY3P306 | Long             | EC               | CORP              | CA        |    135000 | NS      | $472500.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Bankwell Financial Group, Inc.          | Bankwell Financial Group, Inc.                                  | CUSIP: 06654A103<br>LEI: 5493004NUBQXPY84NX67 | Long             | EC               | CORP              | US        |      6500 | NS      | $298350.00    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Gulfport Energy Operating Corp.         | Gulfport Energy Corporation                                     | CUSIP: 402635502<br>LEI: 549300FJX18IDUFPHD40 | Long             | EC               | CORP              | US        |      6200 | NS      | $1379438.00   | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp.                     | Expand Energy Corporation                                       | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |      5000 | NS      | $609650.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Caledonia Mining Corp PLC               | Caledonia Mining Corp plc                                       | CUSIP: G1757E113<br>LEI: 21380093ZBI4BFM75Y51 | Long             | EC               | CORP              | JE        |     10000 | NS      | $308100.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Opera Limited                           | Opera Ltd.                                                      | CUSIP: 68373M107<br>LEI: 5493001ULS7KDNNZ3W51 | Long             | EC               | CORP              | NO        |     34000 | NS      | $463080.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Crescent Energy Co.                     | Crescent Energy Company                                         | CUSIP: 44952J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    112000 | NS      | $1056160.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Incyte Corporation.                     | Incyte Corporation                                              | CUSIP: 45337C102<br>LEI: 549300Z4WN6JVZ3T4680 | Long             | EC               | CORP              | US        |      7000 | NS      | $731220.00    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Hamilton Insurance Group Ltd.           | Hamilton Insurance Group Ltd.                                   | CUSIP: G42706104<br>LEI: 549300W92BN1FIEXG871 | Long             | EC               | CORP              | BM        |     60000 | NS      | $1636800.00   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Unified Series Trust

**Signature:** Zachary Richmond

**Name of Signer:** Zachary Richmond

**Title:** Treasurer