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          <ccc>XXXXXXXX</ccc>
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        <classId>C000244726</classId>
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      <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>ABSOLUTE CEF OPPORTUNITIES</seriesName>
      <seriesId>S000081741</seriesId>
      <seriesLei>5493000NKPH59ZLVE960</seriesLei>
      <repPdEnd>2025-03-31</repPdEnd>
      <repPdDate>2025-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
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      <totLiabs>2759514.11</totLiabs>
      <netAssets>5977691.31</netAssets>
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      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
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        <name>abrdn Income Credit Strategies Fund</name>
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        <name>abrdn Total Dynamic Dividend Fund</name>
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        <title>abrdn Total Dynamic Dividend Fund </title>
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        <name>Advent Convertible And Income Fund</name>
        <lei>ZEFY1K43K8JK66NIVK50</lei>
        <title>ADVENT CLAYMORE CONVERTIBLE SECURITIES AND INCOME </title>
        <cusip>00764C109</cusip>
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        <name>Ares Dynamic Cr Allocation Fd Inc</name>
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        <title>Ares Dynamic Credit Allocation Fund, Inc. </title>
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        <name>Blackrock Income</name>
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        <name>BlackRock Technology &amp; Private Equity Term Trust</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>Destra Multi Alternative Fund</name>
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        <name>Eaton Vance Insured California Municipal Bond Fund</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>First American Funds Inc.</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>First Trust Specia</name>
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        <name>INVESCO VAN KAMPEN MUN TR</name>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>INVESCO QUALITY MUN INCOME TR</name>
        <lei>WLEGDSEH0E242WVNUY02</lei>
        <title>Invesco Quality Municipal Income Trust </title>
        <cusip>46133G107</cusip>
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          <isin value="US46133G1076"/>
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        <balance>4800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </invstOrSec>
      <invstOrSec>
        <name>Invesco Exchange Traded Fund Trust II</name>
        <lei>O540V2L4S174Y60FMD36</lei>
        <title>Invesco CEF Income Composite ETF </title>
        <cusip>46138E404</cusip>
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          <isin value="US46138E4044"/>
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        <balance>-6500.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Core U.S. Aggregate Bond ETF </title>
        <cusip>464287226</cusip>
        <identifiers>
          <isin value="US4642872265"/>
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        <balance>-4200.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-415464.00000000</valUSD>
        <pctVal>-6.95024179828</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>N/A</lei>
        <title>iShares MSCI Emerging Markets ETF </title>
        <cusip>464287234</cusip>
        <identifiers>
          <isin value="US4642872349"/>
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        <balance>-4500.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>-196650.00000000</valUSD>
        <pctVal>-3.28973160040</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Russell Mid-Cap Growth ETF </title>
        <cusip>464287481</cusip>
        <identifiers>
          <isin value="US4642874816"/>
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        <balance>-1500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-176235.00000000</valUSD>
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        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Nasdaq Biotechnology ETF </title>
        <cusip>464287556</cusip>
        <identifiers>
          <isin value="US4642875565"/>
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        <balance>-4400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-562760.00000000</valUSD>
        <pctVal>-9.41433692065</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares U.S. Real Estate ETF </title>
        <cusip>464287739</cusip>
        <identifiers>
          <isin value="US4642877397"/>
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        <balance>-1000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-95750.00000000</valUSD>
        <pctVal>-1.60178896892</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>iShares Trust</name>
        <lei>5493000860OXIC4B5K91</lei>
        <title>iShares Global Infrastruture ETF </title>
        <cusip>464288372</cusip>
        <identifiers>
          <isin value="US4642883726"/>
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        <balance>-4500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-246015.00000000</valUSD>
        <pctVal>-4.11555209598</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Lazard Gbl Total R</name>
        <lei>MZRC4RJENF0LPRIWFB85</lei>
        <title>Lazard Global Total Return and Income Fund, Inc. </title>
        <cusip>52106W103</cusip>
        <identifiers>
          <isin value="US52106W1036"/>
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        <balance>253.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3898.73000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>XAI Madison Equity Premium Income Fund</name>
        <lei>254900DMET709D189F74</lei>
        <title>XAI Madison Equity Premium Income Fund </title>
        <cusip>557437100</cusip>
        <identifiers>
          <isin value="US5574371002"/>
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        <balance>9400.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>57622.00000000</valUSD>
        <pctVal>0.963950746396</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>NYLI CBRE Global Infrastructure Megatrends Term Fund</name>
        <lei>N/A</lei>
        <title>NYLI CBRE Global Infrastructure Megatrends Term Fund</title>
        <cusip>56064Q107</cusip>
        <identifiers>
          <isin value="US56064Q1076"/>
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        <balance>909.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12098.79000000</valUSD>
        <pctVal>0.202399042917</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Berman Real Estate Securities Income Fund Inc</name>
        <lei>549300WU72ZN21PNWQ56</lei>
        <title>NEUBERGER BERMAN REAL ESTATE SECURITIES INCOME FUND, INC.</title>
        <cusip>64190A103</cusip>
        <identifiers>
          <isin value="US64190A1034"/>
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        <balance>35500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117150.00000000</valUSD>
        <pctVal>1.959786712372</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nuveen NASDAQ 100 Dynamic Overwrite Fund</name>
        <lei>N/A</lei>
        <title>Nuveen NASDAQ 100 Dynamic Overwrite Fund </title>
        <cusip>670699107</cusip>
        <identifiers>
          <isin value="US6706991071"/>
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        <balance>2390.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>56762.50000000</valUSD>
        <pctVal>0.949572285625</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuveen Floating Rate Income Fund</name>
        <lei>HJXCPP3KYE3BVU373P27</lei>
        <title>Nuveen Floating Rate Income Fund/Closed-end Fund </title>
        <cusip>67072T108</cusip>
        <identifiers>
          <isin value="US67072T1088"/>
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        <balance>14100.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>119427.00000000</valUSD>
        <pctVal>1.997878341429</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuveen Credit Strategies Income Fund</name>
        <lei>W4CSTD4RDGQSJ4FOVO30</lei>
        <title> Nuveen Credit Strategies Income Fund</title>
        <cusip>67073D102</cusip>
        <identifiers>
          <isin value="US67073D1028"/>
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        <balance>50.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>269.00000000</valUSD>
        <pctVal>0.004500065092</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Nuveen Credit Strategies Income Fund Rights</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="US67073D1101"/>
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        <balance>50.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1.50000000</valUSD>
        <pctVal>0.000025093299</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetConditional assetCat="OTHER" desc="RIGHTS"/>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuveen Multi Asset Income Fund</name>
        <lei>549300VLJPKC3DNIJ668</lei>
        <title>Nuveen Multi-Asset Income Fund </title>
        <cusip>670750108</cusip>
        <identifiers>
          <isin value="US6707501085"/>
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        <balance>11900.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>143038.00000000</valUSD>
        <pctVal>2.392863608743</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuveen Core Plus Impact Fund</name>
        <lei>549300N1H1AJ1P7VEI64</lei>
        <title>Nuveen Core Plus Impact Fund </title>
        <cusip>67080D103</cusip>
        <identifiers>
          <isin value="US67080D1037"/>
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        <balance>8110.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>86695.90000000</valUSD>
        <pctVal>1.450324138601</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Pimco Strategic Income Fund Inc</name>
        <lei>SXMV4TXSOGB1HGOZUF63</lei>
        <title>PIMCO Strategic Income Fund, Inc. </title>
        <cusip>72200X104</cusip>
        <identifiers>
          <isin value="US72200X1046"/>
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        <balance>-20000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-125000.00000000</valUSD>
        <pctVal>-2.09110831452</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Price T Rowe High Yield Fund Inc</name>
        <lei>2F9VPFCSWR3EU5WBPH73</lei>
        <title> Price T Rowe High Yield Fund Inc</title>
        <cusip>741481105</cusip>
        <identifiers>
          <isin value="US7414811056"/>
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        <balance>44973.20000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>263542.96000000</valUSD>
        <pctVal>4.408774999122</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>RiverNorth/DoubleLine Strategic Opportunity Fund Inc.</name>
        <lei>N/A</lei>
        <title>RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.</title>
        <cusip>76882G107</cusip>
        <identifiers>
          <isin value="US76882G1076"/>
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        <balance>1565.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>13427.70000000</valUSD>
        <pctVal>0.224630200919</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>RiverNorth Flexible Municipal Income Fund Ii Inc</name>
        <lei>549300U301TLYWQNC025</lei>
        <title>RiverNorth Flexible Municipal Income Fund II Inc </title>
        <cusip>76883Y107</cusip>
        <identifiers>
          <isin value="US76883Y1073"/>
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        <balance>17501.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>234863.42000000</valUSD>
        <pctVal>3.928998802716</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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        <name>Saba Capital Income &amp; Opportunities Fund</name>
        <lei>549300MGSUUJ7E55N746</lei>
        <title>Saba Capital Income &amp; Opportunities Fund </title>
        <cusip>78518H202</cusip>
        <identifiers>
          <isin value="US78518H2022"/>
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        <balance>30092.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>233513.92000000</valUSD>
        <pctVal>3.906423197353</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Select Sector Spdr Trust</name>
        <lei>5493008JJKIPMEX3CO91</lei>
        <title>Health Care Select Sector SPDR Fund </title>
        <cusip>81369Y209</cusip>
        <identifiers>
          <isin value="US81369Y2090"/>
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        <balance>-700.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-102207.00000000</valUSD>
        <pctVal>-1.70980726002</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</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>abrdn Life Sciences Investors</name>
        <lei>5493007BYZPSOVVS0M04</lei>
        <title>abrdn Life Sciences Investors </title>
        <cusip>87911K100</cusip>
        <identifiers>
          <isin value="US87911K1007"/>
        </identifiers>
        <balance>11678.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>148193.82000000</valUSD>
        <pctVal>2.479114633304</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Virtus Total Return Fund Incorporation</name>
        <lei>549300KKRHI4GF7RNQ81</lei>
        <title>Virtus Total Return Fund Inc </title>
        <cusip>92835W107</cusip>
        <identifiers>
          <isin value="US92835W1071"/>
        </identifiers>
        <balance>49377.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>294780.69000000</valUSD>
        <pctVal>4.931346814561</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Voya Asia Pacific High Dividend Equity Income Fund</name>
        <lei>549300GNK7F1VWTNPE94</lei>
        <title>Voya Asia Pacific High Dividend Equity Income Fund </title>
        <cusip>92912J102</cusip>
        <identifiers>
          <isin value="US92912J1025"/>
        </identifiers>
        <balance>16000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>98720.00000000</valUSD>
        <pctVal>1.651473702478</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Voya Emerging Markets High Dividend Equity Fund</name>
        <lei>549300MBU0OQHUKI2Y86</lei>
        <title>Voya Emerging Markets High Dividend Equity Fund </title>
        <cusip>92912P108</cusip>
        <identifiers>
          <isin value="US92912P1084"/>
        </identifiers>
        <balance>19133.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>102170.22000000</valUSD>
        <pctVal>1.709191972310</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Western Asset Global High Income Fund Inc.</name>
        <lei>549300JWVV1XIQ66WD13</lei>
        <title>Western Asset Global High Income Fund, Inc. </title>
        <cusip>95766B109</cusip>
        <identifiers>
          <isin value="US95766B1098"/>
        </identifiers>
        <balance>40114.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>265153.54000000</valUSD>
        <pctVal>4.435718176956</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>Western Asset High Income Fund II Inc.</name>
        <lei>549300LH0LPNF7USIA77</lei>
        <title>WESTERN ASSET HIGH INC FD II </title>
        <cusip>95766J102</cusip>
        <identifiers>
          <isin value="US95766J1025"/>
        </identifiers>
        <balance>61500.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>257070.00000000</valUSD>
        <pctVal>4.300489715317</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</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>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-05-30</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>
