0001752724-23-041867.txt : 20230227
0001752724-23-041867.hdr.sgml : 20230227
20230227123946
ACCESSION NUMBER: 0001752724-23-041867
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20221231
FILED AS OF DATE: 20230227
DATE AS OF CHANGE: 20230227
PERIOD START: 20230331
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: UNIFIED SERIES TRUST
CENTRAL INDEX KEY: 0001199046
IRS NUMBER: 000000000
FILING VALUES:
FORM TYPE: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21237
FILM NUMBER: 23672074
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
S000016034
Dean Mid Cap Value Fund
C000044154
Dean Mid Cap Value Fund
DALCX
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001199046
XXXXXXXX
S000016034
C000044154
Unified Series Trust
811-21237
0001199046
549300NFHRL589EP7U13
225 Pictoria Drive
Suite 450
Cincinnati
45246
513-587-3400
DEAN MID CAP VALUE
S000016034
5493006Y68OIWBYH7647
2023-03-31
2022-12-31
N
74257544.60
93116.38
74164428.22
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0.00000000
0
N
CMS Energy Corporation
549300IA9XFBAGNIBW29
CMS Energy Corp.
125896100
22609.00000000
NS
USD
1431827.97000000
1.930612834703
Long
EC
CORP
US
N
1
N
N
N
Flowers Foods, Inc.
7YNCQQNDK8FBM9BBTK25
Flowers Foods, Inc.
343498101
49034.00000000
NS
USD
1409237.16000000
1.900152396266
Long
EC
CORP
US
N
1
N
N
N
Quest Diagnostics Incorporated
8MCWUBXQ0WE04KMXBX50
Quest Diagnostics, Inc.
74834L100
8164.00000000
NS
USD
1277176.16000000
1.722087246747
Long
EC
CORP
US
N
1
N
N
N
Zimmer Biomet Holdings Inc
2P2YLDVPES3BXQ1FRB91
Zimmer Biomet Holdings, Inc.
98956P102
9420.00000000
NS
USD
1201050.00000000
1.619442135301
Long
EC
CORP
US
N
1
N
N
N
Raymond James Financial Inc.
RGUZHJ05YTITL6D76949
Raymond James Financial, Inc.
754730109
16087.00000000
NS
USD
1718895.95000000
2.317682467531
Long
EC
CORP
US
N
1
N
N
N
Xcel Energy Inc
LGJNMI9GH8XIDG5RCM61
Xcel Energy, Inc.
98389B100
17488.00000000
NS
USD
1226083.68000000
1.653196430454
Long
EC
CORP
US
N
1
N
N
N
Avery Dennison Corporation
549300PW7VPFCYKLIV37
Avery Dennison Corp.
053611109
6135.00000000
NS
USD
1110435.00000000
1.497260919623
Long
EC
CORP
US
N
1
N
N
N
Ameriprise Financial, Inc.
6ZLKQF7QB6JAEKQS5388
Ameriprise Financial, Inc.
03076C106
4396.00000000
NS
USD
1368782.52000000
1.845605167938
Long
EC
CORP
US
N
1
N
N
N
Regions Financial Corporation
CW05CS5KW59QTC0DG824
Regions Financial Corp.
7591EP100
59807.00000000
NS
USD
1289438.92000000
1.738621804209
Long
EC
CORP
US
N
1
N
N
N
FMC Corporation
CKDHZ2X64EEBQCSP7013
FMC Corp.
302491303
11401.00000000
NS
USD
1422844.80000000
1.918500329806
Long
EC
CORP
US
N
1
N
N
N
Centerpoint Energy Inc
21TPXMRRHFKOBHDC8J74
CenterPoint Energy, Inc.
15189T107
46860.00000000
NS
USD
1405331.40000000
1.894886044063
Long
EC
CORP
US
N
1
N
N
N
Eastman Chemical Company
FDPVHDGJ1IQZFK9KH630
Eastman Chemical Co.
277432100
8937.00000000
NS
USD
727829.28000000
0.981372468538
Long
EC
CORP
US
N
1
N
N
N
Dover Corporation
549300FMC2ALGA7N9E80
Dover Corp.
260003108
7778.00000000
NS
USD
1053218.98000000
1.420113395704
Long
EC
CORP
US
N
1
N
N
N
Assurant Inc.
H3F39CAXWQRVWURFXL38
Assurant, Inc.
04621X108
8068.00000000
NS
USD
1008984.08000000
1.360469033762
Long
EC
CORP
US
N
1
N
N
N
MSC Industrial Direct Co Inc.
0XVKH0LN6YGOWO2EGO17
MSC Industrial Direct Co., Inc.
553530106
14879.00000000
NS
USD
1215614.30000000
1.639079986424
Long
EC
CORP
US
N
1
N
N
N
Curtiss-Wright Corp.
TEL51ETZWP7D0ZM4X325
Curtiss-Wright Corp.
231561101
8551.00000000
NS
USD
1427931.49000000
1.925358995237
Long
EC
CORP
US
N
1
N
N
N
Steel Dynamics, Inc.
549300HGGKEL4FYTTQ83
Steel Dynamics, Inc.
858119100
11449.00000000
NS
USD
1118567.30000000
1.508226149444
Long
EC
CORP
US
N
1
N
N
N
BJ Wholesale Club Holdings Inc
549300UCIWH1C93V0J03
BJ's Wholesale Club Holdings, Inc.
05550J101
18986.00000000
NS
USD
1256113.76000000
1.693687648037
Long
EC
CORP
US
N
1
N
N
N
Masco Corporation
5GCSNMQXHEYA1JO8QN11
Masco Corp.
574599106
20870.00000000
NS
USD
974002.90000000
1.313301974243
Long
EC
CORP
US
N
1
N
N
N
CBRE Group
52990016II9MJ2OSWA10
CBRE Group, Inc.
12504L109
15169.00000000
NS
USD
1167406.24000000
1.574078393130
Long
EC
CORP
US
N
1
N
N
N
Welltower OP LLC
N/A
Welltower, Inc.
95040Q104
14203.00000000
NS
USD
931006.65000000
1.255327752596
Long
EC
CORP
US
N
1
N
N
N
STAG Industrial, Inc.
549300QWYX2W6FASVQ07
STAG Industrial, Inc.
85254J102
37053.00000000
NS
USD
1197182.43000000
1.614227276786
Long
EC
CORP
US
N
1
N
N
N
Regency Centers Corp.
529900053A7X7FJ97S58
Regency Centers Corp.
758849103
14348.00000000
NS
USD
896750.00000000
1.209137616944
Long
EC
CORP
US
N
1
N
N
N
W.R. Berkley Corporation
SQOAGCLKBDWNVYV1OV80
W.R. Berkley Corp.
084423102
19807.00000000
NS
USD
1437393.99000000
1.938117807281
Long
EC
CORP
US
N
1
N
N
N
BorgWarner Inc.
549300DSFX2IE88NSX47
BorgWarner, Inc.
099724106
27681.00000000
NS
USD
1114160.25000000
1.502283880211
Long
EC
CORP
US
N
1
N
N
N
Hubbell Incorporated
54930088VDQ6840Y6597
Hubbell, Inc.
443510607
5797.00000000
NS
USD
1360439.96000000
1.834356432930
Long
EC
CORP
US
N
1
N
N
N
Broadridge Financial Solutions Inc.
549300KZDJZQ2YIHRC28
Broadridge Financial Solutions, Inc.
11133T103
9324.00000000
NS
USD
1250628.12000000
1.686291056259
Long
EC
CORP
US
N
1
N
N
N
Take-Two Interactive Software Inc.
BOMSTHHJK882EWYX3334
Take-Two Interactive Software, Inc.
874054109
9759.00000000
NS
USD
1016204.67000000
1.370204954571
Long
EC
CORP
US
N
1
N
N
N
Pioneer Natural Resources Company
FY8JBF7CCL2VE4F1B628
Pioneer Natural Resources Co.
723787107
6135.00000000
NS
USD
1401172.65000000
1.889278571451
Long
EC
CORP
US
N
1
N
N
N
Tyson Foods, Inc.
WD6L6041MNRW1JE49D58
Tyson Foods, Inc.
902494103
16135.00000000
NS
USD
1004403.75000000
1.354293121522
Long
EC
CORP
US
N
1
N
N
N
Ameren Corporation
XRZQ5S7HYJFPHJ78L959
Ameren Corp.
023608102
15411.00000000
NS
USD
1370346.12000000
1.847713456288
Long
EC
CORP
US
N
1
N
N
N
Globe Life Inc
5493001JFHKQOPP6XA71
Globe Life, Inc.
37959E102
13044.00000000
NS
USD
1572454.20000000
2.120226957505
Long
EC
CORP
US
N
1
N
N
N
Pulte Group Inc
N/A
PulteGroup, Inc.
745867101
21981.00000000
NS
USD
1000794.93000000
1.349427149942
Long
EC
CORP
US
N
1
N
N
N
Republic Services, Inc.
NKNQHM6BLECKVOQP7O46
Republic Services, Inc.
760759100
10483.00000000
NS
USD
1352202.17000000
1.823248965108
Long
EC
CORP
US
N
1
N
N
N
Arrow Electronics, Inc.
549300YNNLBXT8N8R512
Arrow Electronics, Inc.
042735100
10097.00000000
NS
USD
1055843.29000000
1.423651898006
Long
EC
CORP
US
N
1
N
N
N
Atmos Energy Corporation
QVLWEGTD2S8GJMO8D383
Atmos Energy Corp.
049560105
13382.00000000
NS
USD
1499720.74000000
2.022156411091
Long
EC
CORP
US
N
1
N
N
N
Baker Hughes Company
N/A
Baker Hughes Co.
05722G100
41160.00000000
NS
USD
1215454.80000000
1.638864923753
Long
EC
CORP
US
N
1
N
N
N
N/A
N/A
Huntington Conservative Deposit Account
N/A
3193392.95000000
PA
USD
3193392.95000000
4.305828315061
Long
STIV
US
N
1
N
N
N
Eagle Materials Inc.
529900KRXRGXL61SG039
Eagle Materials, Inc.
26969P108
7391.00000000
NS
USD
981894.35000000
1.323942452690
Long
EC
CORP
US
N
1
N
N
N
ITT Inc
549300KDSERHTJOXUS80
ITT, Inc.
45073V108
15314.00000000
NS
USD
1241965.40000000
1.674610631819
Long
EC
CORP
US
N
1
N
N
N
The Allstate Corporation
OBT0W1ED8G0NWVOLOJ77
Allstate Corp.
020002101
8889.00000000
NS
USD
1205348.40000000
1.625237905730
Long
EC
CORP
US
N
1
N
N
N
Omnicom Group Inc
HKUPACFHSSASQK8HLS17
Omnicom Group, Inc.
681919106
17005.00000000
NS
USD
1387097.85000000
1.870300740248
Long
EC
CORP
US
N
1
N
N
N
NVent Electric PLC
N/A
nVent Electric PLC
G6700G107
39227.00000000
NS
USD
1509062.69000000
2.034752678903
Long
EC
CORP
IE
N
1
N
N
N
Ulta Beauty Inc
529900CIV6HN8M28YM82
Ulta Beauty, Inc.
90384S303
3043.00000000
NS
USD
1427380.01000000
1.924615404255
Long
EC
CORP
US
N
1
N
N
N
Regal Rexnord Corporation
QH78R09VCJGQKPBPYU33
Regal Rexnord Corp.
758750103
4493.00000000
NS
USD
539070.14000000
0.726858081344
Long
EC
CORP
US
N
1
N
N
N
Genuine Parts Co
549300D46DQVEU651W04
Genuine Parts Co.
372460105
8164.00000000
NS
USD
1416535.64000000
1.909993340470
Long
EC
CORP
US
N
1
N
N
N
US Foods Holding Corp
549300UGOZSO64CFPR97
US Foods Holding Corp.
912008109
16280.00000000
NS
USD
553845.60000000
0.746780651172
Long
EC
CORP
US
N
1
N
N
N
Caseys Gen Stores
549300CAFWSI86V66Q65
Casey's General Stores, Inc.
147528103
5990.00000000
NS
USD
1343856.50000000
1.811996036716
Long
EC
CORP
US
N
1
N
N
N
Encompass Health Corporation
549300FVRPM9DRQZRG64
Encompass Health Corp.
29261A100
22319.00000000
NS
USD
1334899.39000000
1.799918669958
Long
EC
CORP
US
N
1
N
N
N
Autozone, Inc.
GA3JGKJ41LJKXDN23E90
AutoZone, Inc.
053332102
628.00000000
NS
USD
1548761.04000000
2.088280159601
Long
EC
CORP
US
N
1
N
N
N
Cousins Properties Incorporated
5493007XPYD5EJABN062
Cousins Properties, Inc.
222795502
37681.00000000
NS
USD
952952.49000000
1.284918542314
Long
EC
CORP
US
N
1
N
N
N
Essex Property Trust, Inc.
549300TR2H2VEFX0NC60
Essex Property Trust, Inc.
297178105
5894.00000000
NS
USD
1249056.48000000
1.684171927133
Long
EC
CORP
US
N
1
N
N
N
Chemed Corporation
54930020031IDJT2IM79
Chemed Corp.
16359R103
2319.00000000
NS
USD
1183687.17000000
1.596030871415
Long
EC
CORP
US
N
1
N
N
N
Reinsurance Group of America, Incorporated
LORM1GNEU1DKEW527V90
Reinsurance Group of America, Inc.
759351604
8454.00000000
NS
USD
1201228.86000000
1.619683302130
Long
EC
CORP
US
N
1
N
N
N
FTI Consulting, Inc.
549300K17GM8EQD0FQ48
FTI Consulting, Inc.
302941109
7681.00000000
NS
USD
1219742.80000000
1.644646671287
Long
EC
CORP
US
N
1
N
N
N
Fifth Third Bancorp
THRNG6BD57P9QWTQLG42
Fifth Third Bancorp
316773100
34831.00000000
NS
USD
1142805.11000000
1.540907329063
Long
EC
CORP
US
N
1
N
N
N
Stanley Black & Decker, Inc.
549300DJ09SMTO561131
Stanley Black & Decker, Inc.
854502101
4783.00000000
NS
USD
359298.96000000
0.484462657669
Long
EC
CORP
US
N
1
N
N
N
Conagra Brands Inc
54930035UDEIH090K650
ConAgra Foods, Inc.
205887102
35363.00000000
NS
USD
1368548.10000000
1.845289086488
Long
EC
CORP
US
N
1
N
N
N
SKECHERS USA, Inc.
529900D2R54KZPA4XR56
Skechers U.S.A., Inc. - Class A
830566105
27391.00000000
NS
USD
1149052.45000000
1.549330963075
Long
EC
CORP
US
N
1
N
N
N
Littelfuse Inc.
549300MY7HLQFYTPCX75
Littelfuse, Inc.
537008104
4928.00000000
NS
USD
1085145.60000000
1.463161823052
Long
EC
CORP
US
N
1
N
N
N
2022-12-31
Unified Series Trust
Gregory Knoth
Gregory Knoth
SVP, Mutual Fund Controller
XXXX
NPORT-EX
2
ultimus_1150.htm
Dean
Small
Cap
Value
Fund
Schedule
of
Investments
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.30%
Shares
Fair
Value
Consumer
Discretionary
—
13.30%
American
Woodmark
Corp.
(a)
50,265
$
2,455,948
Carter's,
Inc.
18,499
1,380,210
Fox
Factory
Holding
Corp.
(a)
8,519
777,188
Hooker
Furniture
Corp.
73,389
1,372,374
Johnson
Outdoors,
Inc.,
Class
A
31,887
2,108,369
Medifast,
Inc.
7,546
870,431
Methode
Electronics,
Inc.
46,370
2,057,437
Miller
Industries,
Inc.
92,132
2,456,239
Standard
Motor
Products,
Inc.
157,001
5,463,635
TRI
Pointe
Group,
Inc.
(a)
306,457
5,697,036
Wendy's
Co.
(The)
93,714
2,120,748
26,759,615
Consumer
Staples
—
7.48%
Cal-Maine
Foods,
Inc.
86,046
4,685,205
Fresh
Del
Monte
Produce,
Inc.
17,161
449,447
John
B.
Sanfilippo
&
Son,
Inc.
62,435
5,077,213
Lancaster
Colony
Corp.
18,865
3,722,065
Sprouts
Farmers
Market,
Inc.
(a)
34,686
1,122,786
15,056,716
Energy
—
1.18%
World
Fuel
Services
Corp.
86,533
2,364,947
Financials
—
22.62%
Associated
Banc-Corp.
40,163
927,364
Camden
National
Corp.
114,161
4,759,372
Capitol
Federal
Financial,
Inc.
134,486
1,163,304
Cathay
General
Bancorp
42,354
1,727,620
Diamond
Hill
Investment
Group,
Inc.
13,875
2,567,152
Employers
Holdings,
Inc.
117,203
5,054,965
Federated
Hermes,
Inc.,
Class
B
37,486
1,361,117
Nelnet,
Inc.,
Class
A
41,867
3,799,431
QCR
Holdings,
Inc.
52,455
2,603,866
Safety
Insurance
Group,
Inc.
51,725
4,358,349
Stewart
Information
Services
Corp.
83,491
3,567,570
StoneX
Group,
Inc.
(a)
12,536
1,194,681
Washington
Federal,
Inc.
150,673
5,055,078
Washington
Trust
Bancorp,
Inc.
66,087
3,117,985
Waterstone
Financial,
Inc.
184,994
3,189,297
White
Mountains
Insurance
Group
Ltd.
730
1,032,461
45,479,612
Health
Care
—
4.78%
Haemonetics
Corp.
(a)
7,911
622,200
National
Healthcare
Corp.
65,113
3,874,224
Perrigo
Co.
PLC
36,025
1,228,092
Prestige
Consumer
Healthcare,
Inc.
(a)
62,070
3,885,582
9,610,098
Dean
Small
Cap
Value
Fund
Schedule
of
Investments
(continued)
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.30%
-
continued
Shares
Fair
Value
Industrials
—
15.82%
Advanced
Energy
Industries,
Inc.
8,276
$
709,915
Allison
Transmission
Holdings,
Inc.
16,674
693,638
Argan,
Inc.
155,784
5,745,314
AZZ,
Inc.
85,925
3,454,185
Brady
Corp.,
Class
A
120,124
5,657,840
Federal
Signal
Corp.
46,005
2,137,853
Heartland
Express,
Inc.
341,265
5,235,005
Kennametal,
Inc.
41,015
986,821
Mueller
Water
Products,
Inc.
130,348
1,402,544
Preformed
Line
Products
Co.
4,990
415,617
Werner
Enterprises,
Inc.
133,877
5,389,889
31,828,621
Materials
—
4.34%
Alamos
Gold,
Inc.,
Class
A
339,683
3,434,195
NewMarket
Corp.
2,799
870,797
Sensient
Technologies
Corp.
16,430
1,198,076
SSR
Mining,
Inc.
83,977
1,315,920
Stepan
Co.
18,013
1,917,663
8,736,651
Real
Estate
—
6.90%
Alexander's,
Inc.
3,773
830,286
CareTrust
REIT,
Inc.
29,331
544,970
Cousins
Properties,
Inc.
104,181
2,634,737
CTO
Realty
Growth,
Inc.
29,575
540,631
Equity
Commonwealth
164,425
4,105,692
Getty
Realty
Corp.
90,915
3,077,473
Universal
Health
Realty
Income
Trust
45,153
2,155,153
13,888,942
Technology
—
8.27%
Benchmark
Electronics,
Inc.
92,862
2,478,487
CSG
Systems
International,
Inc.
60,610
3,466,892
MAXIMUS,
Inc.
59,149
4,337,396
NextGen
Healthcare,
Inc.
(a)
47,344
889,120
Plexus
Corp.
(a)
9,128
939,545
Vishay
Intertechnology,
Inc.
209,944
4,528,492
16,639,932
Utilities
—
10.61%
American
States
Water
Co.
49,413
4,573,174
Avista
Corp.
77,649
3,442,957
Northwest
Natural
Holding
Co.
13,631
648,699
NorthWestern
Corp.
54,281
3,221,035
Portland
General
Electric
Co.
108,075
5,295,674
Southwest
Gas
Holdings,
Inc.
11,806
730,555
Dean
Small
Cap
Value
Fund
Schedule
of
Investments
(continued)
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.30%
-
continued
Shares
Fair
Value
Utilities
—
10.61%
-
continued
Spire,
Inc.
49,778
$
3,427,713
21,339,807
Total
Common
Stocks
(Cost $184,821,689)
191,704,941
Total
Investments
—
95.30%
(Cost
$184,821,689)
191,704,941
Other
Assets
in
Excess
of
Liabilities — 4.70%
9,456,590
NET
ASSETS
—
100.00%
$
201,161,531
(a)
Non-income
producing
security.
Dean
Mid
Cap
Value
Fund
Schedule
of
Investments
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.15%
Shares
Fair
Value
Communications
—
3.23%
Omnicom
Group,
Inc.
17,005
$
1,387,098
Take-Two
Interactive
Software,
Inc.
(a)
9,759
1,016,205
2,403,303
Consumer
Discretionary
—
11.58%
AutoZone,
Inc.
(a)
628
1,548,761
BorgWarner,
Inc.
27,681
1,114,160
Genuine
Parts
Co.
8,164
1,416,536
Masco
Corp.
20,870
974,003
PulteGroup,
Inc.
21,981
1,000,795
Skechers
U.S.A.,
Inc.,
Class
A
(a)
27,391
1,149,052
Ulta
Beauty,
Inc.
(a)
3,043
1,427,380
8,630,687
Consumer
Staples
—
9.31%
BJ's
Wholesale
Club
Holdings,
Inc.
(a)
18,986
1,256,114
Casey's
General
Stores,
Inc.
5,990
1,343,856
Conagra
Brands,
Inc.
35,363
1,368,548
Flowers
Foods,
Inc.
49,034
1,409,237
Tyson
Foods,
Inc.,
Class
A
16,135
1,004,404
US
Foods
Holding
Corp.
(a)
16,280
553,846
6,936,005
Energy
—
3.51%
Baker
Hughes
Co.
41,160
1,215,455
Pioneer
Natural
Resources
Co.
6,135
1,401,172
2,616,627
Financials
—
16.03%
Allstate
Corp.
(The)
8,889
1,205,348
Ameriprise
Financial,
Inc.
4,396
1,368,783
Assurant,
Inc.
8,068
1,008,984
Fifth
Third
Bancorp
34,831
1,142,805
Globe
Life,
Inc.
13,044
1,572,454
Raymond
James
Financial,
Inc.
16,087
1,718,895
Regions
Financial
Corp.
59,807
1,289,439
Reinsurance
Group
of
America,
Inc.
8,454
1,201,229
W.R.
Berkley
Corp.
19,807
1,437,395
11,945,332
Health
Care
—
6.71%
Chemed
Corp.
2,319
1,183,687
Encompass
Health
Corp.
22,319
1,334,900
Quest
Diagnostics,
Inc.
8,164
1,277,176
Zimmer
Biomet
Holdings,
Inc.
9,420
1,201,050
4,996,813
Industrials
—
16.59%
Curtiss-Wright
Corp.
8,551
1,427,932
Dover
Corp.
7,778
1,053,219
FTI
Consulting,
Inc.
(a)
7,681
1,219,743
Dean
Mid
Cap
Value
Fund
Schedule
of
Investments
(continued)
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.15%
-
continued
Shares
Fair
Value
Industrials
—
16.59%
-
continued
Hubbell,
Inc.
5,797
$
1,360,440
ITT,
Inc.
15,314
1,241,965
Littelfuse,
Inc.
4,928
1,085,146
MSC
Industrial
Direct
Co.,
Inc.,
Class
A
14,879
1,215,614
nVent
Electric
PLC
39,227
1,509,062
Regal
Rexnord
Corp.
4,493
539,070
Republic
Services,
Inc.
10,483
1,352,202
Stanley
Black
&
Decker,
Inc.
4,783
359,299
12,363,692
Materials
—
7.20%
Avery
Dennison
Corp.
6,135
1,110,435
Eagle
Materials,
Inc.
7,391
981,894
Eastman
Chemical
Co.
8,937
727,829
FMC
Corp.
11,401
1,422,846
Steel
Dynamics,
Inc.
11,449
1,118,567
5,361,571
Real
Estate
—
8.58%
CBRE
Group,
Inc.,
Class
A
(a)
15,169
1,167,406
Cousins
Properties,
Inc.
37,681
952,952
Essex
Property
Trust,
Inc.
5,894
1,249,057
Regency
Centers
Corp.
14,348
896,750
STAG
Industrial,
Inc.
37,053
1,197,183
Welltower,
Inc.
14,203
931,007
6,394,355
Technology
—
3.10%
Arrow
Electronics,
Inc.
(a)
10,097
1,055,843
Broadridge
Financial
Solutions,
Inc.
9,324
1,250,628
2,306,471
Utilities
—
9.31%
Ameren
Corp.
15,411
1,370,346
Atmos
Energy
Corp.
13,382
1,499,721
CenterPoint
Energy,
Inc.
46,860
1,405,331
CMS
Energy
Corp.
22,609
1,431,828
Xcel
Energy,
Inc.
17,488
1,226,084
6,933,310
Total
Common
Stocks
(Cost $56,769,348)
70,888,166
Total
Investments
—
95.15%
(Cost
$56,769,348)
70,888,166
Other
Assets
in
Excess
of
Liabilities — 4.85%
3,611,157
NET
ASSETS
—
100.00%
$
74,499,323
(a)
Non-income
producing
security.
Dean
Equity
Income
Fund
Schedule
of
Investments
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.72%
Shares
Fair
Value
Communications
—
8.62%
BCE,
Inc.
21,864
$
960,923
Omnicom
Group,
Inc.
13,751
1,121,669
Verizon
Communications,
Inc.
25,294
996,583
3,079,175
Consumer
Discretionary
—
4.73%
Advance
Auto
Parts,
Inc.
4,385
644,727
Genuine
Parts
Co.
2,446
424,405
Whirlpool
Corp.
4,385
620,302
1,689,434
Consumer
Staples
—
11.03%
Altria
Group,
Inc.
21,536
984,411
Flowers
Foods,
Inc.
25,175
723,530
Kimberly-Clark
Corp.
6,204
842,193
PepsiCo,
Inc.
3,311
598,165
Philip
Morris
International,
Inc.
7,845
793,992
3,942,291
Energy
—
7.40%
Chevron
Corp.
7,010
1,258,225
EOG
Resources,
Inc.
3,997
517,691
Kinder
Morgan,
Inc.
48,113
869,883
2,645,799
Financials
—
18.05%
BlackRock,
Inc.
835
591,706
Canadian
Imperial
Bank
of
Commerce
14,377
581,550
JPMorgan
Chase
&
Co.
5,220
700,002
MetLife,
Inc.
7,248
524,538
PNC
Financial
Services
Group,
Inc.
(The)
4,265
673,614
Principal
Financial
Group,
Inc.
9,217
773,491
Prudential
Financial,
Inc.
7,904
786,132
T.
Rowe
Price
Group,
Inc.
9,038
985,684
U.S.
Bancorp
19,150
835,132
6,451,849
Health
Care
—
10.50%
Amgen,
Inc.
3,579
939,989
Bristol-Myers
Squibb
Co.
6,681
480,698
Johnson
&
Johnson
3,341
590,188
Merck
&
Co.,
Inc.
9,664
1,072,220
Pfizer,
Inc.
13,035
667,913
3,751,008
Industrials
—
8.26%
Fastenal
Co.
7,576
358,496
Lockheed
Martin
Corp.
1,611
783,735
Stanley
Black
&
Decker,
Inc.
4,713
354,041
Union
Pacific
Corp.
2,595
537,347
Dean
Equity
Income
Fund
Schedule
of
Investments
(continued)
December
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
95.72%
-
continued
Shares
Fair
Value
Industrials
—
8.26%
-
continued
United
Parcel
Service,
Inc.,
Class
B
5,280
$
917,875
2,951,494
Materials
—
4.01%
Air
Products
and
Chemicals,
Inc.
2,207
680,330
Packaging
Corp.
of
America
5,876
751,599
1,431,929
Real
Estate
—
5.01%
Digital
Realty
Trust,
Inc.
7,248
726,757
Essex
Property
Trust,
Inc.
2,535
537,217
Lamar
Advertising
Co.,
Class
A
5,578
526,563
1,790,537
Technology
—
9.09%
Broadcom,
Inc.
1,581
883,984
Cisco
Systems,
Inc.
18,911
900,920
Intel
Corp.
15,540
410,722
Paychex,
Inc.
4,594
530,883
Texas
Instruments,
Inc.
3,162
522,426
3,248,935
Utilities
—
9.02%
American
Electric
Power
Co.,
Inc.
7,994
759,030
Dominion
Energy,
Inc.
9,366
574,323
Duke
Energy
Corp.
9,426
970,784
National
Fuel
Gas
Co.
5,876
371,951
WEC
Energy
Group,
Inc.
5,846
548,121
3,224,209
Total
Common
Stocks
(Cost $34,609,836)
34,206,660
Total
Investments
—
95.72%
(Cost
$34,609,836)
34,206,660
Other
Assets
in
Excess
of
Liabilities — 4.28%
1,531,176
NET
ASSETS
—
100.00%
$
35,737,836