Unified Series Trust NPORT-P Dean Small Cap Value (Jun 2023 report)

Dean

Small

Cap

Value

Fund

Schedule

of

Investments

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.09%

Shares

Fair

Value

Consumer

Discretionary

—

11.75%

American

Woodmark

Corp.

(a)

18,525‌

$

1,414,754‌

Carter's,

Inc.

38,269‌

2,778,329‌

Fox

Factory

Holding

Corp.

(a)

11,822‌

1,282,805‌

Johnson

Outdoors,

Inc.,

Class

A

33,882‌

2,082,049‌

Medifast,

Inc.

29,982‌

2,763,141‌

Methode

Electronics,

Inc.

69,470‌

2,328,634‌

Miller

Industries,

Inc.

53,991‌

1,915,061‌

Standard

Motor

Products,

Inc.

136,137‌

5,107,861‌

TRI

Pointe

Group,

Inc.

(a)

43,388‌

1,425,730‌

Wendy's

Co.

(The)

115,783‌

2,518,280‌

23,616,644‌

Consumer

Staples

—

3.96%

Calavo

Growers,

Inc.

55,454‌

1,609,275‌

Cal-Maine

Foods,

Inc.

48,020‌

2,160,901‌

Fresh

Del

Monte

Produce,

Inc.

44,119‌

1,134,299‌

John

B.

Sanfilippo

&

Son,

Inc.

9,994‌

1,171,996‌

Lancaster

Colony

Corp.

5,850‌

1,176,377‌

SpartanNash

Co.

30,957‌

696,842‌

7,949,690‌

Energy

—

1.54%

Dril-Quip,

Inc.

(a)

68,129‌

1,585,362‌

World

Fuel

Services

Corp.

72,882‌

1,507,200‌

3,092,562‌

Financials

—

21.37%

1st

Source

Corp.

58,745‌

2,463,178‌

Camden

National

Corp.

112,005‌

3,468,795‌

Capitol

Federal

Financial,

Inc.

572,456‌

3,532,053‌

Cathay

General

Bancorp

84,704‌

2,726,622‌

Diamond

Hill

Investment

Group,

Inc.

21,938‌

3,757,980‌

Employers

Holdings,

Inc.

75,198‌

2,813,157‌

Federated

Hermes,

Inc.,

Class

B

40,951‌

1,468,093‌

Great

Southern

Bancorp,

Inc.

44,119‌

2,238,157‌

Nelnet,

Inc.,

Class

A

36,076‌

3,480,612‌

PJT

Partners,

Inc.,

Class

A

52,041‌

3,624,135‌

QCR

Holdings,

Inc.

71,054‌

2,915,346‌

Safety

Insurance

Group,

Inc.

46,435‌

3,330,319‌

Washington

Federal,

Inc.

82,145‌

2,178,485‌

Waterstone

Financial,

Inc.

164,046‌

2,377,027‌

White

Mountains

Insurance

Group

Ltd.

1,828‌

2,538,927‌

42,912,886‌

Health

Care

—

10.15%

Haemonetics

Corp.

(a)

12,797‌

1,089,537‌

National

Healthcare

Corp.

78,245‌

4,837,105‌

Patterson

Companies,

Inc.

121,999‌

4,057,687‌

Perrigo

Co.

PLC

33,638‌

1,142,010‌

Dean

Small

Cap

Value

Fund

Schedule

of

Investments

(continued)

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.09%

-

continued

Shares

Fair

Value

Health

Care

—

10.15%

-

continued

Phibro

Animal

Health

Corp.,

Class

A

133,211‌

$

1,824,991‌

Premier,

Inc.,

Class

A

167,703‌

4,638,665‌

Prestige

Consumer

Healthcare,

Inc.

(a)

47,166‌

2,803,075‌

20,393,070‌

Industrials

—

11.77%

Advanced

Energy

Industries,

Inc.

17,550‌

1,955,948‌

Argan,

Inc.

89,336‌

3,520,731‌

AZZ,

Inc.

74,589‌

3,241,638‌

Brady

Corp.,

Class

A

74,832‌

3,559,758‌

Heartland

Express,

Inc.

186,350‌

3,058,004‌

Mueller

Water

Products,

Inc.

104,814‌

1,701,131‌

Seaboard

Corp.

1,097‌

3,906,110‌

Werner

Enterprises,

Inc.

61,304‌

2,708,411‌

23,651,731‌

Materials

—

5.66%

Alamos

Gold,

Inc.,

Class

A

131,018‌

1,561,735‌

NewMarket

Corp.

1,950‌

784,134‌

Sensient

Technologies

Corp.

58,623‌

4,169,854‌

SSR

Mining,

Inc.

109,324‌

1,550,214‌

Stepan

Co.

34,613‌

3,307,618‌

11,373,555‌

Real

Estate

—

9.86%

CareTrust

REIT,

Inc.

70,810‌

1,406,287‌

Cousins

Properties,

Inc.

158,806‌

3,620,776‌

Equity

Commonwealth

215,478‌

4,365,584‌

Getty

Realty

Corp.

60,817‌

2,056,831‌

Physicians

Realty

Trust

364,412‌

5,098,124‌

Universal

Health

Realty

Income

Trust

68,739‌

3,270,602‌

19,818,204‌

Technology

—

7.05%

Benchmark

Electronics,

Inc.

88,117‌

2,276,062‌

CSG

Systems

International,

Inc.

59,476‌

3,136,764‌

MAXIMUS,

Inc.

29,129‌

2,461,692‌

NextGen

Healthcare,

Inc.

(a)

140,402‌

2,277,320‌

Viavi

Solutions,

Inc.

(a)

205,728‌

2,330,898‌

Vishay

Intertechnology,

Inc.

57,404‌

1,687,678‌

14,170,414‌

Utilities

—

11.98%

American

States

Water

Co.

41,316‌

3,594,492‌

Avista

Corp.

83,973‌

3,297,620‌

Northwest

Natural

Holding

Co.

55,698‌

2,397,799‌

NorthWestern

Corp.

62,523‌

3,548,805‌

ONE

Gas,

Inc.

39,854‌

3,061,186‌

Portland

General

Electric

Co.

92,748‌

4,343,389‌

Dean

Small

Cap

Value

Fund

Schedule

of

Investments

(continued)

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.09%

-

continued

Shares

Fair

Value

Utilities

—

11.98%

-

continued

Spire,

Inc.

60,329‌

$

3,827,271‌

24,070,562‌

Total

Common

Stocks

(Cost $194,565,438)

191,049,318‌

Total

Investments

—

95.09%

(Cost

$194,565,438)

191,049,318‌

Other

Assets

in

Excess

of

Liabilities — 4.91%

9,869,174‌

NET

ASSETS

—

100.00%

$

200,918,492‌

(a)

Non-income

producing

security.

Dean

Mid

Cap

Value

Fund

Schedule

of

Investments

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.89%

Shares

Fair

Value

Communications

—

3.62%

Omnicom

Group,

Inc.

16,127‌

$

1,534,484‌

Take-Two

Interactive

Software,

Inc.

(a)

8,293‌

1,220,398‌

2,754,882‌

Consumer

Discretionary

—

10.08%

AutoZone,

Inc.

(a)

549‌

1,368,855‌

BorgWarner,

Inc.

26,253‌

1,284,034‌

Genuine

Parts

Co.

6,643‌

1,124,195‌

Masco

Corp.

21,854‌

1,253,983‌

PulteGroup,

Inc.

18,143‌

1,409,347‌

Skechers

U.S.A.,

Inc.,

Class

A

(a)

23,412‌

1,232,876‌

7,673,290‌

Consumer

Staples

—

7.92%

BJ's

Wholesale

Club

Holdings,

Inc.

(a)

15,257‌

961,344‌

Casey's

General

Stores,

Inc.

5,315‌

1,296,222‌

Conagra

Brands,

Inc.

41,372‌

1,395,063‌

Flowers

Foods,

Inc.

52,276‌

1,300,627‌

US

Foods

Holding

Corp.

(a)

24,466‌

1,076,504‌

6,029,760‌

Energy

—

3.20%

Baker

Hughes

Co.

39,035‌

1,233,897‌

Pioneer

Natural

Resources

Co.

5,819‌

1,205,580‌

2,439,477‌

Financials

—

14.17%

Ameriprise

Financial,

Inc.

4,719‌

1,567,463‌

Assurant,

Inc.

10,400‌

1,307,488‌

Fifth

Third

Bancorp

39,723‌

1,041,140‌

Globe

Life,

Inc.

13,745‌

1,506,727‌

Raymond

James

Financial,

Inc.

15,257‌

1,583,219‌

Regions

Financial

Corp.

61,760‌

1,100,563‌

Reinsurance

Group

of

America,

Inc.

9,484‌

1,315,336‌

W.R.

Berkley

Corp.

23,046‌

1,372,620‌

10,794,556‌

Health

Care

—

8.13%

Chemed

Corp.

2,199‌

1,191,132‌

Encompass

Health

Corp.

23,458‌

1,588,342‌

Jazz

Pharmaceuticals

PLC

(a)

8,237‌

1,021,141‌

Quest

Diagnostics,

Inc.

7,743‌

1,088,356‌

Zimmer

Biomet

Holdings,

Inc.

8,934‌

1,300,790‌

6,189,761‌

Industrials

—

18.83%

Curtiss-Wright

Corp.

7,102‌

1,304,353‌

Dover

Corp.

8,384‌

1,237,898‌

FTI

Consulting,

Inc.

(a)

7,285‌

1,385,607‌

Hubbell,

Inc.

5,498‌

1,822,918‌

ITT,

Inc.

14,524‌

1,353,782‌

Dean

Mid

Cap

Value

Fund

Schedule

of

Investments

(continued)

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.89%

-

continued

Shares

Fair

Value

Industrials

—

18.83%

-

continued

Littelfuse,

Inc.

3,935‌

$

1,146,305‌

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

14,111‌

1,344,496‌

nVent

Electric

PLC

31,018‌

1,602,700‌

Regal

Rexnord

Corp.

4,261‌

655,768‌

Republic

Services,

Inc.

8,843‌

1,354,482‌

Stanley

Black

&

Decker,

Inc.

12,081‌

1,132,111‌

14,340,420‌

Materials

—

6.37%

Avery

Dennison

Corp.

6,681‌

1,147,796‌

Eagle

Materials,

Inc.

7,010‌

1,306,804‌

Eastman

Chemical

Co.

15,165‌

1,269,614‌

FMC

Corp.

10,813‌

1,128,228‌

4,852,442‌

Real

Estate

—

8.87%

Alexandria

Real

Estate

Equities,

Inc.

5,819‌

660,398‌

AvalonBay

Communities,

Inc.

6,918‌

1,309,369‌

CBRE

Group,

Inc.,

Class

A

(a)

14,386‌

1,161,094‌

Regency

Centers

Corp.

18,006‌

1,112,231‌

STAG

Industrial,

Inc.

35,141‌

1,260,859‌

Welltower,

Inc.

15,486‌

1,252,663‌

6,756,614‌

Technology

—

5.87%

Arrow

Electronics,

Inc.

(a)

11,683‌

1,673,356‌

Broadridge

Financial

Solutions,

Inc.

8,843‌

1,464,666‌

Corning,

Inc.

37,981‌

1,330,854‌

4,468,876‌

Utilities

—

8.83%

Ameren

Corp.

15,348‌

1,253,471‌

Atmos

Energy

Corp.

12,691‌

1,476,471‌

CenterPoint

Energy,

Inc.

44,442‌

1,295,484‌

CMS

Energy

Corp.

23,320‌

1,370,050‌

Xcel

Energy,

Inc.

21,350‌

1,327,330‌

6,722,806‌

Total

Common

Stocks

(Cost $57,153,238)

73,022,884‌

Total

Investments

—

95.89%

(Cost

$57,153,238)

73,022,884‌

Other

Assets

in

Excess

of

Liabilities — 4.11%

3,132,378‌

NET

ASSETS

—

100.00%

$

76,155,262‌

(a)

Non-income

producing

security.

Dean

Equity

Income

Fund

Schedule

of

Investments

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.05%

Shares

Fair

Value

Communications

—

6.96%

BCE,

Inc.

46,963‌

$

2,141,044‌

Omnicom

Group,

Inc.

12,555‌

1,194,608‌

Verizon

Communications,

Inc.

54,348‌

2,021,202‌

5,356,854‌

Consumer

Discretionary

—

4.75%

Home

Depot,

Inc.

(The)

6,386‌

1,983,747‌

Packaging

Corp.

of

America

12,642‌

1,670,767‌

3,654,514‌

Consumer

Staples

—

12.73%

Altria

Group,

Inc.

53,306‌

2,414,761‌

Flowers

Foods,

Inc.

53,827‌

1,339,216‌

Kimberly-Clark

Corp.

16,769‌

2,315,127‌

PepsiCo,

Inc.

7,081‌

1,311,543‌

Philip

Morris

International,

Inc.

16,856‌

1,645,483‌

Sysco

Corp.

10,513‌

780,065‌

9,806,195‌

Energy

—

7.02%

Chevron

Corp.

14,988‌

2,358,362‌

EOG

Resources,

Inc.

11,122‌

1,272,802‌

Kinder

Morgan,

Inc.,

Class

P

102,875‌

1,771,507‌

5,402,671‌

Financials

—

13.93%

BlackRock,

Inc.

1,825‌

1,261,331‌

Canadian

Imperial

Bank

of

Commerce

30,758‌

1,312,751‌

JPMorgan

Chase

&

Co.

11,209‌

1,630,237‌

PNC

Financial

Services

Group,

Inc.

(The)

10,861‌

1,367,943‌

Principal

Financial

Group,

Inc.

19,724‌

1,495,868‌

Prudential

Financial,

Inc.

16,900‌

1,490,918‌

T.

Rowe

Price

Group,

Inc.

19,463‌

2,180,244‌

10,739,292‌

Health

Care

—

10.55%

Amgen,

Inc.

7,733‌

1,716,881‌

Bristol-Myers

Squibb

Co.

20,245‌

1,294,668‌

Johnson

&

Johnson

14,814‌

2,452,013‌

Merck

&

Co.,

Inc.

14,119‌

1,629,191‌

Pfizer,

Inc.

28,065‌

1,029,424‌

8,122,177‌

Industrials

—

9.99%

Fastenal

Co.

33,582‌

1,981,002‌

Lockheed

Martin

Corp.

2,389‌

1,099,848‌

Paychex,

Inc.

9,818‌

1,098,340‌

Union

Pacific

Corp.

7,255‌

1,484,518‌

United

Parcel

Service,

Inc.,

Class

B

11,339‌

2,032,516‌

7,696,224‌

Dean

Equity

Income

Fund

Schedule

of

Investments

(continued)

June

30,

2023

-

(Unaudited)

COMMON

STOCKS

—

95.05%

-

continued

Shares

Fair

Value

Materials

—

1.84%

Air

Products

&

Chemicals,

Inc.

4,735‌

$

1,418,275‌

Real

Estate

—

8.19%

American

Tower

Corp.,

Class

A

7,429‌

1,440,780‌

Digital

Realty

Trust,

Inc.

15,553‌

1,771,020‌

Essex

Property

Trust,

Inc.

5,474‌

1,282,558‌

Lamar

Advertising

Co.,

Class

A

18,246‌

1,810,916‌

6,305,274‌

Technology

—

6.88%

Broadcom,

Inc.

1,347‌

1,168,428‌

Cisco

Systems,

Inc.

40,533‌

2,097,177‌

Texas

Instruments,

Inc.

11,295‌

2,033,327‌

5,298,932‌

Utilities

—

12.21%

Alliant

Energy

Corp.

22,026‌

1,155,924‌

American

Electric

Power

Co.,

Inc.

17,204‌

1,448,577‌

Duke

Energy

Corp.

20,245‌

1,816,786‌

Eversource

Energy

21,418‌

1,518,965‌

WEC

Energy

Group,

Inc.

21,027‌

1,855,423‌

Xcel

Energy,

Inc.

25,806‌

1,604,359‌

9,400,034‌

Total

Common

Stocks

(Cost $74,314,001)

73,200,442‌

Total

Investments

—

95.05%

(Cost

$74,314,001)

73,200,442‌

Other

Assets

in

Excess

of

Liabilities — 4.95%

3,813,528‌

NET

ASSETS

—

100.00%

$

77,013,970‌