Unified Series Trust NPORT-P Channel Short Duration Income Fund (Jun 2023 report)

Channel

Short

Duration

Income

Fund

Schedule

of

Investments

June

30,

2023

-

(Unaudited)

CORPORATE

BONDS

—

92.33%

Principal

Amount

Fair

Value

Corporate

Bonds

-

Domestic

—

89.04%

Ally

Financial,

Inc.,

1.45%,

10/2/2023

$

500,000‌

$

494,780‌

American

Airlines

Pass

Through

Trust,

Series

2017-2,

3.70%,

10/15/2025

370,852‌

348,284‌

American

Airlines

Pass

Through

Trust,

Series

2016-3,

3.75%,

10/15/2025

1,065,809‌

986,986‌

American

Airlines

Pass

Through

Trust,

Series

2016-2,

3.65%,

12/15/2029

975,800‌

842,787‌

American

Electric

Power

Co.,

Inc.,

5.70%,

8/15/2025

700,000‌

695,619‌

B&G

Foods,

Inc.,

5.25%,

4/1/2025

750,000‌

716,747‌

Bank

of

America

Corp.,

3.56%,

4/23/2027

400,000‌

379,731‌

Celanese

US

Holdings

LLC,

6.33%,

7/15/2029

600,000‌

597,610‌

Cheniere

Energy

Partners

LP,

4.50%,

10/1/2029

1,000,000‌

919,370‌

Comerica,

Inc.,

3.70%,

7/31/2023

950,000‌

947,941‌

Comerica,

Inc.,

Series

BKNT,

2.50%,

7/23/2024

550,000‌

516,942‌

Comerica,

Inc.,

4.00%,

7/27/2025

300,000‌

275,508‌

Continental

Airlines

Pass

Through

Trust,

Series

2012-2

A,

4.00%,

10/29/2024

1,478,487‌

1,432,682‌

CoreCivic,

Inc.,

8.25%,

4/15/2026

500,000‌

506,275‌

DCP

Midstream

Operating

LP,

5.38%,

7/15/2025

600,000‌

594,763‌

Delta

Air

Lines,

Inc.,

Series

2019-1,

3.20%,

4/25/2024

825,000‌

808,280‌

Deutsche

Bank

AG,

0.96%,

11/8/2023

475,000‌

465,440‌

Discovery

Communications

LLC,

4.13%,

5/15/2029

500,000‌

459,030‌

DISH

DBS

Corp.,

5.88%,

11/15/2024

600,000‌

529,204‌

Edison

International,

5.25%,

11/15/2028

300,000‌

292,732‌

Edison

International,

5.38%,

9/15/2069

(3MO

LIBOR

+

370bps)

400,000‌

350,735‌

Enable

Midstream

Partners

LP,

4.95%,

5/15/2028

(FIXED)

500,000‌

485,148‌

Energy

Transfer

LP,

6.50%,

11/15/2167

(3MO

LIBOR

+

465bps)

(a)

1,000,000‌

903,909‌

EQT

Corp.,

6.13%,

2/1/2025

(b)

194,000‌

193,108‌

EQT

Corp.,

5.70%,

4/1/2028

600,000‌

596,309��

Fifth

Third

Bancorp.,

2.38%,

1/28/2025

(FIXED)

1,000,000‌

939,374‌

Genworth

Holdings,

Inc.,

7.32%,

11/15/2036

(3MO

LIBOR

+

200bps)

2,500,000‌

1,667,845‌

Gulfport

Energy

Corp.,

8.00%,

5/17/2026

500,000‌

503,180‌

iHeartCommunications,

Inc.,

8.38%,

5/1/2027

900,000‌

600,832‌

KeyBank

NA,

5.38%,

6/14/2024

(O/N

SOFR

+

32BPS)

(a)

800,000‌

778,266‌

Meta

Platforms,

Inc.,

4.95%,

5/15/2033

500,000‌

499,715‌

Occidental

Petroleum

Corp.,

5.88%,

9/1/2025

500,000‌

498,813‌

Occidental

Petroleum

Corp.,

8.50%,

7/15/2027

500,000‌

540,310‌

Ovintiv,

Inc.,

5.65%,

5/15/2025

500,000‌

496,981‌

Ovintiv,

Inc.,

5.65%,

5/15/2028

500,000‌

490,890‌

Pioneer

Natural

Resources

Co.,

5.10%,

3/29/2026

500,000‌

497,641‌

Sprint

Capital

Corp.,

6.88%,

11/15/2028

600,000‌

636,944‌

T-Mobile

USA,

Inc.,

2.63%,

2/15/2029

650,000‌

565,508‌

Truist

Financial

Corp.,

6.05%,

6/8/2027

500,000‌

500,360‌

United

Airlines

Pass

Through

Trust,

Series

2013-1,

4.30%,

8/15/2025

144,545‌

139,578‌

United

Airlines

Pass

Through

Trust,

Series

2014-1,

4.00%,

4/11/2026

730,352‌

689,893‌

United

Airlines

Pass

Through

Trust,

Series

2014-2,

3.75%,

9/3/2026

928,945‌

872,137‌

United

Airlines

Pass

Through

Trust,

Series

2020-1,

5.88%,

4/15/2029

431,210‌

428,461‌

Western

Midstream

Operating

LP,

4.65%,

7/1/2026

350,000‌

337,163‌

Channel

Short

Duration

Income

Fund

Schedule

of

Investments

(continued)

June

30,

2023

-

(Unaudited)

CORPORATE

BONDS

—

92.33%

-

continued

Principal

Amount

Fair

Value

TOTAL

CORPORATE

BONDS

-

DOMESTIC

(Cost $27,219,499)

$

27,023,811‌

Corporate

Bonds

-

Foreign

—

3.29%

Corporate

Bonds

-

Ireland

-

2.00%

AerCap

Ireland

Capital

DAC,

3.00%,

10/29/2028

$

700,000‌

607,802‌

Corporate

Bonds

-

Switzerland

-

1.29%

Credit

Suisse

AG,

4.75%,

8/9/2024

400,000‌

391,460‌

TOTAL

CORPORATE

BONDS

-

FOREIGN

(Cost $978,625)

999,262‌

TOTAL

CORPORATE

BONDS

(Cost $28,198,124)

28,023,073‌

U.S.

GOVERNMENT

&

AGENCIES

—

6.09%

Principal

Amount

Fair

Value

United

States

Treasury

Note,

3.38

%

,

5/15/2033

1,400,000‌

1,350,452‌

Federal

Home

Loan

Bank,

5.35

%

,

3/15/2024

500,000‌

499,291‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

(Cost $1,857,534)

1,849,743‌

MONEY

MARKET

FUNDS

-

1.10%

Fidelity

Investments

Money

Market

Government

Portfolio,

Class

I,

4.99%

(c)

333,791‌

333,791‌

TOTAL

MONEY

MARKET

FUNDS

(Cost

$333,791)

333,791‌

TOTAL

INVESTMENTS

—

99.52%

(Cost

$30,389,449)

30,206,607‌

Other

Assets

in

Excess

of

Liabilities — 0.48%

144,341‌

NET

ASSETS

—

100.00%

$

30,350,948‌

(a)

Variable

rate

security.

The

rate

shown

is

the

effective

interest

rate

as

of

June

30,

2023.

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

June

30,

2023.

(c)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

June

30,

2023.