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        <name>ICE FUTURES U.S.</name>
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        <name>ICE FUTURES U.S.</name>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
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          <ticker value="ESH6 INDEX"/>
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      <invstOrSec>
        <name>ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>COMMODITIES EXCHANGE CENTER</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>COMEX Gold 100 Troy Ounces Future 2026-04-28</title>
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          <ticker value="GCJ6 COMDTY"/>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>COMMODITIES EXCHANGE CENTER</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>COMEX Copper Future 2026-03-27</title>
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        <identifiers>
          <ticker value="HGH6 COMDTY"/>
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        <balance>80.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>HONG KONG FUTURES EXCHANGE LTD.</name>
        <lei>N/A</lei>
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        <cusip>N/A</cusip>
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          <ticker value="HIG6 INDEX"/>
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        <isRestrictedSec>N</isRestrictedSec>

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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>Euro-BTP Italian Bond Futures 2026-03-06</title>
        <cusip>N/A</cusip>
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          <isin value="DE000F2MGDA5"/>
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        <balance>120.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>TSE Japanese 10 Year Bond Futures 2026-03-13</title>
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          <ticker value="JBH6 COMDTY"/>
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                <issuerName>N/A</issuerName>
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        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>CME Japanese Yen Currency Future 2026-03-16</title>
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        <balance>-341.00000000</balance>
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      <invstOrSec>
        <name>ICE FUTURES U.S.</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>NYBOT CSC C Coffee Future </title>
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          <ticker value="KCH6 COMDTY"/>
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        <balance>24.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

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            <payOffProf>Long</payOffProf>
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        <name>CHICAGO BOARD OF TRADE</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>KCBT Hard Red Winter Wheat Future 2026-03-13</title>
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          <ticker value="KWH6 COMDTY"/>
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        <balance>-81.00000000</balance>
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        <assetCat>DCO</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2026-03-16</expDate>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>213800NB8G5VRT1DXC91</lei>
        <title>LME Primary Aluminum Future 2026-03-16</title>
        <cusip>N/A</cusip>
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          <isin value="GB00G1SVS469"/>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>213800NB8G5VRT1DXC91</lei>
        <title>LME Copper Future 2026-03-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00G1SVS790"/>
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        <balance>50.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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      </invstOrSec>
      <invstOrSec>
        <name>LONDON METAL EXCHANGE</name>
        <lei>213800NB8G5VRT1DXC91</lei>
        <title>LME Zinc Future 2026-03-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00H24LN963"/>
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        <balance>37.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>310981.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-17</expDate>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES U.S.</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>ICE US mini MSCI EAFE Index Futures 2026-03-20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="MFSH6 INDEX"/>
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        <balance>89.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>716240.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-23</expDate>
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            <unrealizedAppr>716240.00000000</unrealizedAppr>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES EUROPE</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>Carbon Emissions Future </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00HBCK1619"/>
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        <balance>167.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84000000"/>
        <valUSD>-917372.11000000</valUSD>
        <pctVal>-0.12263562414</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>ICE Carbon Emissions Future</issueTitle>
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                  <ticker value="N/A"/>
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            <expDate>2026-12-15</expDate>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>OSE Nikkei 225 Index Future 2026-03-12</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="NKH6 INDEX"/>
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        <balance>30.00000000</balance>
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        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>565459.52000000</valUSD>
        <pctVal>0.075591442566</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-13</expDate>
            <notionalAmt>10349439.80000000</notionalAmt>
            <curCd>JPY</curCd>
            <unrealizedAppr>565459.52000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>CME Mexican Peso Currency Future 2026-03-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PEH6 CURNCY"/>
        </identifiers>
        <balance>275.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>321295.00000000</valUSD>
        <pctVal>0.042951178077</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>CME Mexican Peso Currency Future</issueTitle>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-17</expDate>
            <notionalAmt>7865000.00000000</notionalAmt>
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            <unrealizedAppr>321295.00000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>NEW YORK MERCANTILE EXCHANGE</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>NYMEX Platinum Future 2026-04-28</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PLJ6 COMDTY"/>
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        <balance>31.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>161120.00000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-04-29</expDate>
            <notionalAmt>3288480.00000000</notionalAmt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>THE MONTREAL EXCHANGE / BOURSE DE MONTREAL</name>
        <lei>549300DKBYNOI0B1NP44</lei>
        <title>Montreal Exchange S&amp;P/TSX 60 Index Future 2026-03-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="PTH6 INDEX"/>
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        <balance>32.00000000</balance>
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        <currencyConditional curCd="CAD" exchangeRt="1.36000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>8708151.36000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES EUROPE - AGRICULTURAL PRODUCTS DIVISION</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>ICE Cocoa Future </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00KNSN0V33"/>
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        <balance>-55.00000000</balance>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-17</expDate>
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        <securityLending>
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      <invstOrSec>
        <name>ICE FUTURES EUROPE - AGRICULTURAL PRODUCTS DIVISION</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>White Sugar Future 2026-02-13</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="GB00C01F0130"/>
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        <balance>-51.00000000</balance>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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        <securityLending>
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      <invstOrSec>
        <name>SINGAPORE EXCHANGE DERIVATIVES CLEARING LIMITED</name>
        <lei>549300IQ650PPXM76X03</lei>
        <title>SGX MSCI Singapore Index Future 2026-02-26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="QZG6 INDEX"/>
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        <balance>26.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>SG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>SGX MSCI Singapore Index Future</issueTitle>
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                  <ticker value="N/A"/>
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            <expDate>2026-02-27</expDate>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES U.S.</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>WCE Canola Future 2026-03-13</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="RSH6 COMDTY"/>
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        <balance>-41.00000000</balance>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-16</expDate>
            <notionalAmt>-390238.00000000</notionalAmt>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>Eurex 10 Year Euro BUND Future 2026-03-06</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2MGDC1"/>
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        <balance>-227.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84000000"/>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Short</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-09</expDate>
            <notionalAmt>-34504969.29000000</notionalAmt>
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            <unrealizedAppr>-182830.09000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>ICE FUTURES U.S.</name>
        <lei>5493004R83R1LVX2IL36</lei>
        <title>Sugar No. 11 Future </title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SBH6 COMDTY"/>
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        <balance>-337.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>742862.40000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
                <issueTitle>NYB-ICE Sugar No. 11 Future</issueTitle>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-02</expDate>
            <notionalAmt>-5386068.80000000</notionalAmt>
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        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>CME Swiss Franc Currency Future 2026-03-16</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SFH6 CURNCY"/>
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        <balance>106.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>64287.50000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-17</expDate>
            <notionalAmt>17244875.00000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>COMMODITIES EXCHANGE CENTER</name>
        <lei>5493008GFNDTXFPHWI47</lei>
        <title>COMEX Silver Future 2026-03-27</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="SIH6 COMDTY"/>
        </identifiers>
        <balance>64.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8367210.00000000</valUSD>
        <pctVal>1.118540676715</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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              <otherRefInst>
                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-30</expDate>
            <notionalAmt>25129920.00000000</notionalAmt>
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            <unrealizedAppr>8367210.00000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>OSAKA EXCHANGE</name>
        <lei>353800578ADEGIJTVW07</lei>
        <title>TSE TOPIX (Tokyo Price Index) Future 2026-03-12</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="TPH6 INDEX"/>
        </identifiers>
        <balance>86.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="JPY" exchangeRt="154.76000000"/>
        <valUSD>1040341.80000000</valUSD>
        <pctVal>0.139074389311</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JP</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-13</expDate>
            <notionalAmt>19877101.63000000</notionalAmt>
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            <unrealizedAppr>1040341.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>Eurex 30 Year Euro BUXL Future 2026-03-06</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000F2MGDF4"/>
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        <balance>-120.00000000</balance>
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        <currencyConditional curCd="EUR" exchangeRt="0.84000000"/>
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        <pctVal>0.024725408893</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-09</expDate>
            <notionalAmt>-15637570.80000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>CBOE FUTURES EXCHANGE</name>
        <lei>529900RLNSGA90UPEH54</lei>
        <title>CBOE Volatility Index Future 2026-02-18</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="UXG6 INDEX"/>
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        <balance>-86.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-86622.80000000</valUSD>
        <pctVal>-0.01157986059</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-02-19</expDate>
            <notionalAmt>-1637852.80000000</notionalAmt>
            <curCd>USD</curCd>
            <unrealizedAppr>-86622.80000000</unrealizedAppr>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>EUREX DEUTSCHLAND</name>
        <lei>529900UT4DG0LG5R9O07</lei>
        <title>Eurex EURO STOXX 50 Future 2026-03-20</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="DE000C7PXYX3"/>
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        <balance>392.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>DE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
                <issueTitle>Eurex EURO STOXX 50 Future</issueTitle>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-23</expDate>
            <notionalAmt>27665940.96000000</notionalAmt>
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            <unrealizedAppr>885604.62000000</unrealizedAppr>
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        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>CHICAGO BOARD OF TRADE</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>CBOT Wheat Future </title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="W H6 COMDTY"/>
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        <balance>-188.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-71800.00000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>DCO</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            <expDate>2026-03-16</expDate>
            <notionalAmt>-5057200.00000000</notionalAmt>
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        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>ASX - TRADE24</name>
        <lei>549300SDXT36XYPVWI79</lei>
        <title>SFE S&amp;P ASX Share Price Index 200 Future 2026-03-19</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="XPH6 INDEX"/>
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        <balance>13.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AU</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
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            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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                  <ticker value="N/A"/>
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            </descRefInstrmnt>
            <expDate>2026-03-20</expDate>
            <notionalAmt>1997893.31000000</notionalAmt>
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        <securityLending>
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      <invstOrSec>
        <name>ICE FUTURES EUROPE - FINANCIAL PRODUCTS DIVISION</name>
        <lei>549300UF4R84F48NCH34</lei>
        <title>FTSE 100 Index Future 2026-03-20</title>
        <cusip>N/A</cusip>
        <identifiers>
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        <balance>88.00000000</balance>
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        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <futrDeriv derivCat="FUT">
            <counterparties>
              <counterpartyName>STONEX GROUP INC</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
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            <payOffProf>Long</payOffProf>
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                <issuerName>N/A</issuerName>
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            <expDate>2026-03-23</expDate>
            <notionalAmt>12269618.24000000</notionalAmt>
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        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2026-01-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Unified Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Zachary Richmond</ncom:signature>
      <ncom:signerName>Zachary Richmond</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
