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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001199046</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000061426</seriesId>
        <classId>C000198925</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
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      <regName>Unified Series Trust</regName>
      <regFileNumber>811-21237</regFileNumber>
      <regCik>0001199046</regCik>
      <regLei>549300NFHRL589EP7U13</regLei>
      <regStreet1>225 Pictoria Drive</regStreet1>
      <regStreet2>Suite 450</regStreet2>
      <regCity>Cincinnati</regCity>
      <regStateConditional regCountry="US" regState="US-OH"/>
      <regZipOrPostalCode>45246</regZipOrPostalCode>
      <regPhone>513-587-3400</regPhone>
      <seriesName>SILK INVEST NEW HORIZONS FRONTIER FUND</seriesName>
      <seriesId>S000061426</seriesId>
      <seriesLei>549300VD5G7XM0BDK126</seriesLei>
      <repPdEnd>2022-06-30</repPdEnd>
      <repPdDate>2022-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>19471637.72</totAssets>
      <totLiabs>59419.45</totLiabs>
      <netAssets>19412218.27</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
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      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000198925" rtn1="0.49504850" rtn2="-0.09848920" rtn3="-4.43789830"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="123269.88"/>
        <othMon2 netRealizedGain="-571.22000000" netUnrealizedAppr="-15676.83"/>
        <othMon3 netRealizedGain="13712.13000000" netUnrealizedAppr="-1049095.33"/>
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      <mon2Flow redemption="1700.00000000" reinvestment="0.00000000" sales="91206.00000000"/>
      <mon3Flow redemption="2594.25000000" reinvestment="0.00000000" sales="12050.14000000"/>

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        <name>Tgcc SA</name>
        <lei>N/A</lei>
        <title>Travaux Generaux de Construction de Casablanca SA</title>
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        <invCountry>MA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nishat Mills</name>
        <lei>N/A</lei>
        <title>Nishat Mills Ltd. </title>
        <cusip>Y63771102</cusip>
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          <isin value="PK0005501017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Emaar Properties PJSC</name>
        <lei>N/A</lei>
        <title>Emaar Properties PJSC </title>
        <cusip>M4025S107</cusip>
        <identifiers>
          <isin value="AEE000301011"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vinhomes Joint Stock Company</name>
        <lei>N/A</lei>
        <title>Vinhomes JSC </title>
        <cusip>Y937JX103</cusip>
        <identifiers>
          <isin value="VN000000VHM0"/>
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        <balance>152410.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vincom Retail Joint Stock Company</name>
        <lei>N/A</lei>
        <title>Vincom Retail JSC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000VRE6"/>
        </identifiers>
        <balance>341500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22862.00000000"/>
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        <pctVal>2.563687895314</pctVal>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Phunhuan Jewelry</name>
        <lei>N/A</lei>
        <title>Phu Nhuan Jewelry JSC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000PNJ6"/>
        </identifiers>
        <balance>24500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22862.00000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Mtn Nigeria Communications Plc</name>
        <lei>0292003626J3K6UG9D04</lei>
        <title>MTN Nigeria Communications PLC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NGMTNN000002"/>
        </identifiers>
        <balance>2750000.00000000</balance>
        <units>NS</units>
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        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Meezan Bank</name>
        <lei>N/A</lei>
        <title>Mezaan Bank Ltd. </title>
        <cusip>N/A</cusip>
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        <issuerCat>CORP</issuerCat>
        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Aramex Company</name>
        <lei>N/A</lei>
        <title>Aramex PJSC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="AEA002301017"/>
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        <balance>610000.00000000</balance>
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        <pctVal>3.195798137911</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Integrated Diagnostics Holdings Plc</name>
        <lei>2138007JN9NUWKKTS790</lei>
        <title>Integrated Diagnostics Holdings PLC </title>
        <cusip>G4836Q115</cusip>
        <identifiers>
          <isin value="JE00BLKGSR75"/>
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        <balance>110000.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JE</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Vietnam Prosperity Jsc Bank</name>
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        <title>Vietnam Prosperity JSC Bank </title>
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        <balance>528293.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Taaleem Management Services SAE</name>
        <lei>N/A</lei>
        <title>Taaleem Management Services Co., SAE </title>
        <cusip>N/A</cusip>
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          <isin value="EGS597R1C017"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Systems Limited</name>
        <lei>N/A</lei>
        <title>Systems Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="PK0109001013"/>
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        <balance>253840.00000000</balance>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Dragon Capital Vietnam Fund Mgm</name>
        <lei>254900INDXSG0H2LKW53</lei>
        <title>DCFMVN Diamond ETF </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN0FUEVFVND5"/>
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        <balance>638000.00000000</balance>
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        <currencyConditional curCd="VND" exchangeRt="22862.00000000"/>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Telecom Egypt</name>
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        <title>Telecom Egypt Co. </title>
        <cusip>M87886103</cusip>
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        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Vinh Hoan Corp</name>
        <lei>N/A</lei>
        <title>Vinh Hoan Corp </title>
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        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Centum Investment</name>
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        <invCountry>KE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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        <name>Safaricom Public Limited Company</name>
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        <title>Safaricom Ltd. </title>
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        <invCountry>KE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Ibnsina Pharma</name>
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        <title>Ibnsina Pharma S.A.E. </title>
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        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>MCB Bank</name>
        <lei>2549002SIFOER1TFOK04</lei>
        <title>MCB Bank Ltd. </title>
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        <invCountry>PK</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>Ssi Securities Corporation</name>
        <lei>213800IF2RICE613K743</lei>
        <title>Saigon Securities, Inc. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000SSI1"/>
        </identifiers>
        <balance>395969.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22862.00000000"/>
        <valUSD>724041.25000000</valUSD>
        <pctVal>3.729822320816</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Equity Group Holdings Ltd</name>
        <lei>2549004UU5YYSKKYY479</lei>
        <title>Equity Group Holdings Ltd./Kenya </title>
        <cusip>V3254M104</cusip>
        <identifiers>
          <isin value="KE0000000554"/>
        </identifiers>
        <balance>1050000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KES" exchangeRt="115.03000000"/>
        <valUSD>460966.70000000</valUSD>
        <pctVal>2.374621455356</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Lafarge Africa Plc</name>
        <lei>029200518F3SI5D98F61</lei>
        <title>Lafarge Africa PLC </title>
        <cusip>V2856X104</cusip>
        <identifiers>
          <isin value="NGWAPCO00002"/>
        </identifiers>
        <balance>16730000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="415.75000000"/>
        <valUSD>953700.54000000</valUSD>
        <pctVal>4.912887990106</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>TENTH OF RAMADAN PHARM INDS &amp; DIAGN</name>
        <lei>N/A</lei>
        <title>Tenth of Ramadan Pharmaceuticals and Diagnostics Reagents Co.</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS381B1C015"/>
        </identifiers>
        <balance>1938589.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="18.28350000"/>
        <valUSD>204273.75000000</valUSD>
        <pctVal>1.052294730869</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kaspi.Kz Jsc</name>
        <lei>2549003YU6FARG8OAZ13</lei>
        <title>Kapsi.KZ JSX </title>
        <cusip>48581R205</cusip>
        <identifiers>
          <isin value="US48581R2058"/>
        </identifiers>
        <balance>2800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>138887.83000000</valUSD>
        <pctVal>0.715466043438</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KZ</invCountry>

        <isRestrictedSec>Y</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Douja Promotion Addoha</name>
        <lei>N/A</lei>
        <title>Douja Promotion Groupe Addoha SA </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MA0000011512"/>
        </identifiers>
        <balance>439000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MAD" exchangeRt="9.69860000"/>
        <valUSD>325611.07000000</valUSD>
        <pctVal>1.677351168584</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Airtel Africa PLC</name>
        <lei>254900ZNZDQL6OWQH623</lei>
        <title>Airtel Africa PLC </title>
        <cusip>G01415101</cusip>
        <identifiers>
          <isin value="GB00BKDRYJ47"/>
        </identifiers>
        <balance>293000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="GBP" exchangeRt="0.76126000"/>
        <valUSD>534880.30000000</valUSD>
        <pctVal>2.755379589083</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Zenith Bank Plc</name>
        <lei>029200268F8M5YI5I629</lei>
        <title>Zenith Bank PLC </title>
        <cusip>V9T871109</cusip>
        <identifiers>
          <isin value="NGZENITHBNK9"/>
        </identifiers>
        <balance>14769452.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="415.75000000"/>
        <valUSD>793288.92000000</valUSD>
        <pctVal>4.086544407065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIRST AMERN FDS INC</name>
        <lei>549300J5J5SJCZ9IA369</lei>
        <title>First American Government Obligations Fund </title>
        <cusip>31846V336</cusip>
        <identifiers>
          <isin value="US31846V3362"/>
        </identifiers>
        <balance>393463.70000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>393463.70000000</valUSD>
        <pctVal>2.026886853049</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Brac Bank Ltd</name>
        <lei>254900EHCK80ARTPIK21</lei>
        <title>BRAC Bank Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BD0138BRACB9"/>
        </identifiers>
        <balance>1348431.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BDT" exchangeRt="84.85000000"/>
        <valUSD>789829.35000000</valUSD>
        <pctVal>4.068722796202</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BD</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Vietnam Dairy Prod</name>
        <lei>N/A</lei>
        <title>Vietnam Dairy Products JSC </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="VN000000VNM8"/>
        </identifiers>
        <balance>58500.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="VND" exchangeRt="22862.00000000"/>
        <valUSD>206697.53000000</valUSD>
        <pctVal>1.064780578525</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>VN</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ACCESS HOLDINGS PLC</name>
        <lei>029200328C3N9YI2D660</lei>
        <title>Access Bank PLC </title>
        <cusip>V0014P104</cusip>
        <identifiers>
          <isin value="NGACCESS0005"/>
        </identifiers>
        <balance>45550000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="415.75000000"/>
        <valUSD>1068220.08000000</valUSD>
        <pctVal>5.502823351470</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guaranty Trust Holding Company PLC</name>
        <lei>0292004488G9K8Y1I649</lei>
        <title>Guaranty Trust holding Co., PLC. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="NGGTCO000002"/>
        </identifiers>
        <balance>9527752.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="NGN" exchangeRt="415.75000000"/>
        <valUSD>511442.19000000</valUSD>
        <pctVal>2.634640631413</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>EFG-Hermes Holding S.A.E.</name>
        <lei>5586005JYFTUMPVGE837</lei>
        <title>Egyptian Financial Group-Hermes Holding Co. </title>
        <cusip>M3047P109</cusip>
        <identifiers>
          <isin value="EGS69101C011"/>
        </identifiers>
        <balance>675150.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="18.28350000"/>
        <valUSD>651061.73000000</valUSD>
        <pctVal>3.353876001931</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Edita Food Industries SAE</name>
        <lei>2138009F7ZFOJY44V768</lei>
        <title>Edita Food Industries SAE </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="EGS305I1C011"/>
        </identifiers>
        <balance>352000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="EGP" exchangeRt="18.28350000"/>
        <valUSD>144540.00000000</valUSD>
        <pctVal>0.744582602511</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>EG</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Residences Dar Saada Sa</name>
        <lei>N/A</lei>
        <title>Residences Dar Saada </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MA0000012239"/>
        </identifiers>
        <balance>62000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MAD" exchangeRt="9.69860000"/>
        <valUSD>170963.94000000</valUSD>
        <pctVal>0.880702749279</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MA</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kcb Group PLC</name>
        <lei>N/A</lei>
        <title>KCB Group Ltd. </title>
        <cusip>V5337U128</cusip>
        <identifiers>
          <isin value="KE0000000315"/>
        </identifiers>
        <balance>1085000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="KES" exchangeRt="115.03000000"/>
        <valUSD>415493.78000000</valUSD>
        <pctVal>2.140372492318</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>KE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grameenphone Ltd</name>
        <lei>N/A</lei>
        <title>GrameenPhone Ltd. </title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="BD0001GP0004"/>
        </identifiers>
        <balance>143000.00000000</balance>
        <units>NS</units>
        <currencyConditional curCd="BDT" exchangeRt="84.85000000"/>
        <valUSD>554304.07000000</valUSD>
        <pctVal>2.855439096605</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>BD</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2022-03-31</ncom:dateSigned>
      <ncom:nameOfApplicant>Unified Series Trust</ncom:nameOfApplicant>
      <ncom:signature>Gregory Knoth</ncom:signature>
      <ncom:signerName>Gregory Knoth</ncom:signerName>
      <ncom:title>SVP, Mutual Fund Controller</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
