Unified Series Trust NPORT-P Appleseed Fund (Jun 2024 report)

Appleseed

Fund

Schedule

of

Investments

June

30,

2024

(Unaudited)

Common

Stocks

—

69.19%

Shares

Fair

Value

Canada

—

6.34%

Materials

—

1.41%

Cameco

Corp.

18,000‌

$

885,600‌

Real

Estate

—

4.93%

Boardwalk

Real

Estate

Investment

Trust

60,000‌

3,090,754‌

Total

Canada

3,976,354‌

France

—

3.28%

Communications

—

3.28%

Bollore

SA

350,000‌

2,054,633‌

Total

France

2,054,633‌

Ireland

—

5.79%

Financials

—

3.28%

AerCap

Holdings

NV

22,000‌

2,050,399‌

Health

Care

—

2.51%

Medtronic

PLC

20,000‌

1,574,200‌

Total

Ireland

3,624,599‌

Israel

—

3.15%

Industrials

—

3.15%

Ituran

Location

and

Control

Ltd.

80,000‌

1,971,200‌

Total

Israel

1,971,200‌

Japan

—

2.58%

Technology

—

2.58%

Sony

Group

Corp.

-

ADR

19,000‌

1,614,050‌

Total

Japan

1,614,050‌

Russia

—

0.00%

Financials

—

0.00%

Moscow

Exchange

MICEX-RTS

PJSC

-

ADR

(a)(b)(c)

1,300,000‌

152‌

Sberbank

of

Russia

PJSC

-

ADR

(a)(b)(c)

324,000‌

4‌

156‌

South

Korea

—

2.55%

Technology

—

2.55%

Samsung

Electronics

Co.

Ltd.

27,000‌

1,595,282‌

Total

South

Korea

1,595,282‌

Appleseed

Fund

Schedule

of

Investments

(continued)

June

30,

2024

(Unaudited)

Common

Stocks

—

69.19%-

(continued)

Shares

Fair

Value

Switzerland

—

3.04%

Health

Care

—

3.04%

Roche

Holding

AG

-

ADR

55,000‌

$

1,906,849‌

Total

Switzerland

1,906,849‌

United

States

—

42.46%

Consumer

Discretionary

—

0.32%

VF

Corporation

15,000‌

202,500‌

Consumer

Staples

—

10.31%

Dollar

General

Corp.

23,000‌

3,041,290‌

Estee

Lauder

Companies,

Inc.

(The),

Class

A

16,000‌

1,702,400‌

Herbalife

Nutrition

Ltd.

(a)

165,000‌

1,714,350‌

6,458,040‌

Energy

—

1.85%

MRC

Global,

Inc.

(a)

90,000‌

1,161,900‌

Financials

—

6.97%

AGNC

Investment

Corp.

150,000‌

1,431,000‌

CNB

Financial

Corp.

75,000‌

1,530,750‌

Synovus

Financial

Corp.

35,000‌

1,406,650‌

4,368,400‌

Health

Care

—

4.88%

Ardelyx,

Inc.

(a)

135,000‌

1,000,350‌

Humana,

Inc.

5,500‌

2,055,075‌

3,055,425‌

Industrials

—

5.20%

Stanley

Black

&

Decker,

Inc.

16,000‌

1,278,240‌

WESCO

International,

Inc.

12,500‌

1,981,500‌

3,259,740‌

Materials

—

7.72%

CF

Industries

Holdings,

Inc.

34,000‌

2,520,080‌

Mosaic

Co.

(The)

80,000‌

2,312,000‌

4,832,080‌

Real

Estate

—

2.71%

Alexander

&

Baldwin,

Inc.

100,000‌

1,696,000‌

Technology

—

2.50%

SS&C

Technologies

Holdings,

Inc.

25,000‌

1,566,750‌

Total

United

States

26,600,835‌

TOTAL  COMMON

STOCKS

  (Cost $38,533,009)

43,343,958‌

Closed

End

Funds

—

10.73%

Canada

—

10.73%

Sprott

Physical

Gold

Trust

(a)

300,000‌

5,418,000‌

Appleseed

Fund

Schedule

of

Investments

(continued)

June

30,

2024

(Unaudited)

Closed

End

Funds

—

10.73%-

(continued)

Shares

Fair

Value

Canada

—

10.73%

(continued)

Sprott

Physical

Uranium

Trust

(a)

70,000‌

$

1,299,900‌

TOTAL  CLOSED

END

FUNDS

  (Cost $3,664,028)

6,717,900‌

Exchange-Traded

Funds

—

5.73%

United

States

—

5.73%

iShares

Bitcoin

Trust

ETF

(a)

30,000‌

1,024,200‌

Simplify

Interest

Rate

Hedge

ETF

16,000‌

765,600‌

VanEck

Merk

Gold

Shares

(a)

80,000‌

1,796,800‌

TOTAL  EXCHANGE-TRADED

FUNDS

  (Cost $2,899,355)

3,586,600‌

Preferred

Stocks

—

2.53%

United

States

—

2.53%

Financials

—

2.53%

Federal

National

Mortgage

Association,

Series

S,

5.25%

150,000‌

769,500‌

Federal

National

Mortgage

Association,

Series

T,

8.25%

174,000‌

817,800‌

TOTAL  PREFERRED

STOCKS

  (Cost $616,791)

1,587,300‌

U.S.

Government

&

Agencies

—

3.49%

Principal

Amount

United

States

Treasury

Note,

2.13%,

11/30/2024

$

1,000,000‌

987,178‌

United

States

Treasury

Inflation

Indexed

Bonds,

0.50%,

1/15/2028

(d)

1,000,000‌

1,197,887‌

TOTAL

U.S.

GOVERNMENT

&

AGENCIES

    (Cost $2,209,939)

2,185,065‌

Corporate

Bonds

—

1.58%

AerCap

Ireland

Capital

DAC,

1.65%,

10/29/2024

500,000‌

493,293‌

AerCap

Ireland

Capital

DAC,

3.50%,

1/15/2025

500,000‌

493,841‌

TOTAL

CORPORATE

BONDS

    (Cost $988,870)

987,134‌

Appleseed

Fund

Schedule

of

Investments

(continued)

June

30,

2024

(Unaudited)

Convertible

Bonds

—

2.89%

Principal

Amount

Fair

Value

Lumentum

Holdings,

Inc.,

0.50%,

12/15/2026

$

2,000,000‌

$

1,811,191‌

TOTAL

CONVERTIBLE

BONDS

    (Cost $2,083,767)

1,811,191‌

Certificates

of

Deposit

—

0.80%

Community

Development

Bank,

1.50%,

9/8/2024

250,000‌

250,000‌

Spring

Bank,

3.50%,

3/31/2025

250,000‌

250,000‌

TOTAL

CERTIFICATES

OF

DEPOSIT

    (Cost $500,000)

500,000‌

Money

Market

Funds

-

1.98%

Shares

Federated

Hermes

Government

Obligations

Fund,

Institutional

Class,

5.10%

(e)

1,240,248‌

1,240,248‌

TOTAL

MONEY

MARKET

FUNDS

    (Cost

$1,240,248)

1,240,248‌

Total

Investments

—

98.92%

    (Cost

$52,736,007)

61,959,396‌

Other

Assets

in

Excess

of

Liabilities 

—

 1.08%

677,743‌

Net

Assets

—

100.00%

$

62,637,139‌

(a)

Non-income

producing

security.

(b)

Security

is

currently

being

valued

according

to

the

fair

value

procedures.

(c)

Illiquid

security.

The

total

fair

value

of

these

securities

as

of

June

30,

2024

was

$156,

representing

0.00%

of

net

assets.

(d)

Principal

amount

of

security

is

adjusted

periodically

based

on

changes

in

the

Consumer

Price

Index.

(e)

Rate

disclosed

is

the

seven

day

effective

yield

as

of

June

30,

2024.

ADR

-

American

Depositary

Receipt