0001752724-24-001503.txt : 20240111 0001752724-24-001503.hdr.sgml : 20240111 20240111171459 ACCESSION NUMBER: 0001752724-24-001503 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231031 FILED AS OF DATE: 20240111 DATE AS OF CHANGE: 20240111 EFFECTIVENESS DATE: 20240111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNIFIED SERIES TRUST CENTRAL INDEX KEY: 0001199046 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21237 FILM NUMBER: 24529956 BUSINESS ADDRESS: STREET 1: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-346-3324 MAIL ADDRESS: STREET 1: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246

0001199046 S000066994 STANDPOINT MULTI-ASSET FUND

C000215610 Investor Class REMIX

C000215611 Institutional Class BLNDX

N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001199046 XXXXXXXX 811-21237 true false false N-1A S000066994 true Unified Series Trust 811-21237 0001199046 549300NFHRL589EP7U13 225 Pictoria Drive Suite 450 Cincinnati 45246 US-OH US 513-587-3400 Standpoint Asset Management LLC 4250 N. Drinkwater Blvd Suite 300 Scottsdale 85251 602-688-2918 Books and records related to adviser services U S Bank National Association 425 Walnut Street Cincinnati 45202 513-632-4872 Books and records related to custody services Ultimus Fund Distributors LLC 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 Books and records related to distribution services Ultimus Fund Solutions LLC 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 Books and records related to transfer agent, fund accounting and fund administration services N N N N-1A 29 Y David R. Carson N/A Y Freddie Jacobs, Jr. N/A N Ronald C. Tritschler N/A N Kenneth G. Y. Grant N/A N Daniel J. Condon N/A N Catharine B. McGauley N/A N Gweneth Gosselink N/A 225 Pictoria Drive Suite 450 Cincinnati 45246 XXXXXX N N N N N N N Ultimus Fund Distributors LLC 008-52643 000104177 N/A N N Cohen & Company Ltd. 925 N/A N N N N N N N Standpoint Multi-Asset Fund S000066994 549300GQMG41QBK6VL92 N 2 0 0 N/A N Y N Other N/A 0.00 0.00 Rule 18f-4 (17 CFR 270.18f-4) Y Y Y N Standpoint Asset Management LLC 801-117365 000305155 N/A N Ultimus Fund Solutions LLC 084-05829 N/A N N N IHS Markit Ltd 549300HLPTRASHS0E726 BM N ICE Data Pricing & Reference Data LLC 5493000NQ9LYLDBCTL34 N Refinitiv US LLC 213800HQORQAP68CJJ04 N PricingDirect Inc 549300WIC0TOJ7N7GD54 N Bloomberg Finance LP 5493001KJTIIGC8Y1R12 N N U S Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions LLC 084-05829 SEC file no. N N N Ultimus Fund Solutions LLC 084-05829 SEC File No. N N N STONEX FINANCIAL INC 008-51269 000045993 549300LNKU6K5TJCRG93 14433.75 14433.75 0.00 N 614542116.06 N N N N true INTERNAL CONTROL RPT 2 standpoint_ncen.htm

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Standpoint Multi-Asset Fund and

Board of Trustees of Unified Series Trust

In planning and performing our audit of the financial statements of Standpoint Multi-Asset Fund (the “Fund”), a series of Unified Series Trust, as of and for the year ended October 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2023.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

/s/ Cohen & Company LTD.

COHEN & COMPANY, LTD.

Chicago, Illinois

December 27, 2023