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      <invstOrSec>
        <name>Green Plains Inc.</name>
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      <invstOrSec>
        <name>Hillman Solutions Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>IPG Photonics Corp</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Ingles Markets, Incorporated</name>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>International Money Express Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Iradimed Corp.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Knowles Corporation</name>
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        <title>Knowles Corporation </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Kosmos Energy Ltd</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Landstar System Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Lennox International Inc.</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>MGIC Investment Corp.</name>
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        <title>MGIC Investment Corporation </title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Natural Resource Partners L.P.</name>
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        <title>Natural Resource Partners, L.P. </title>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Northern Tech Intl</name>
        <lei>N/A</lei>
        <title>Northern Technologies International Corporation </title>
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        <fairValLevel>1</fairValLevel>
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        <name>Patrick Industries Inc.</name>
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        <title>Patrick Industries, Inc. </title>
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        <name>Phinia Inc.</name>
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        <name>RCM Technologies</name>
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        <name>Resolute Holdings Management Inc</name>
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        <name>Royal Gold, Inc.</name>
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        <title>Royal Gold, Inc. </title>
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        <name>Sitio Royalties Corp</name>
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        <title>Sitio Royalties Corporation </title>
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        <name>Solaris Energy Infrastructure Inc</name>
        <lei>529900MTK3C8Y8TIIC10</lei>
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        <name>Terex Corporation</name>
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        <title>Terex Corporation </title>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <name>The Timken Company</name>
        <lei>B0I35MLPFXZSE70ASS73</lei>
        <title>Timken Company (The) </title>
        <cusip>887389104</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

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        <name>Metallus Inc.</name>
        <lei>549300QZTZWHDE9HJL14</lei>
        <title>Metallus, Inc. </title>
        <cusip>887399103</cusip>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Tripadvisor Inc</name>
        <lei>549300XVG45PT5BART17</lei>
        <title>TripAdvisor, Inc. </title>
        <cusip>896945201</cusip>
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        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Turning Point Brands Inc</name>
        <lei>549300IYG00QF0VVP302</lei>
        <title>Turning Point Brands, Inc. </title>
        <cusip>90041L105</cusip>
        <identifiers>
          <isin value="US90041L1052"/>
        </identifiers>
        <balance>77317.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4595722.48000000</valUSD>
        <pctVal>3.083641938237</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>UFP Technologies Inc.</name>
        <lei>549300RJ8LY41HS70C91</lei>
        <title>UFP Technologies, Inc. </title>
        <cusip>902673102</cusip>
        <identifiers>
          <isin value="US9026731029"/>
        </identifiers>
        <balance>4688.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>945616.48000000</valUSD>
        <pctVal>0.634490582907</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Unit Corporation</name>
        <lei>549300XGK22FZCTN8B67</lei>
        <title>Unit Corporation </title>
        <cusip>909218406</cusip>
        <identifiers>
          <isin value="US9092184061"/>
        </identifiers>
        <balance>44985.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1256521.02000000</valUSD>
        <pctVal>0.843101586401</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Climb Global Solutions Inc</name>
        <lei>549300LKM16VX2FG7J68</lei>
        <title>Climb Global Solutions, Inc. </title>
        <cusip>946760105</cusip>
        <identifiers>
          <isin value="US9467601053"/>
        </identifiers>
        <balance>65722.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>7279368.72000000</valUSD>
        <pctVal>4.884317268192</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Amdocs Limited</name>
        <lei>549300HQV672RJ7RQV66</lei>
        <title>Amdocs Ltd. </title>
        <cusip>G02602103</cusip>
        <identifiers>
          <isin value="GB0022569080"/>
        </identifiers>
        <balance>17061.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1561081.50000000</valUSD>
        <pctVal>1.047455846900</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bioceres Crop Solutions Corp</name>
        <lei>549300SBSSIZUVSY4U27</lei>
        <title>Bioceres Crop Solutions Corporation </title>
        <cusip>G1117K114</cusip>
        <identifiers>
          <isin value="KYG1117K1141"/>
        </identifiers>
        <balance>338944.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1547279.36000000</valUSD>
        <pctVal>1.038194874783</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>AR</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ferroglobe PLC</name>
        <lei>2138005GCFJACFTZUD90</lei>
        <title>Ferroglobe plc </title>
        <cusip>G33856108</cusip>
        <identifiers>
          <isin value="GB00BYW6GV68"/>
        </identifiers>
        <balance>623308.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2312472.68000000</valUSD>
        <pctVal>1.551624966065</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>GB</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Genpact Ltd.</name>
        <lei>529900OSEC6Q0L4L5B35</lei>
        <title>Genpact Ltd. </title>
        <cusip>G3922B107</cusip>
        <identifiers>
          <isin value="BMG3922B1072"/>
        </identifiers>
        <balance>58592.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2951864.96000000</valUSD>
        <pctVal>1.980644964155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>International General Insurance Holdings Ltd</name>
        <lei>N/A</lei>
        <title>International General Insurance Holdings Ltd. </title>
        <cusip>G4809J106</cusip>
        <identifiers>
          <isin value="BMG4809J1062"/>
        </identifiers>
        <balance>218803.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5756706.93000000</valUSD>
        <pctVal>3.862640312321</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>JO</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-03-31</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>
</edgarSubmission>
