0001752724-23-123744.txt : 20230530
0001752724-23-123744.hdr.sgml : 20230530
20230530090929
ACCESSION NUMBER: 0001752724-23-123744
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230331
FILED AS OF DATE: 20230530
DATE AS OF CHANGE: 20230530
PERIOD START: 20231231
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: 23971671
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
S000000534
Crawford Large Cap Dividend Fund
C000001420
CRAWFORD LARGE CAP DIVIDEND FUND - CLASS C
CDGCX
C000001421
CRAWFORD LARGE CAP DIVIDEND FUND - CLASS I
CDGIX
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001199046
XXXXXXXX
S000000534
C000001420
C000001421
Unified Series Trust
811-21237
0001199046
549300NFHRL589EP7U13
225 Pictoria Drive
Suite 450
Cincinnati
45246
513-587-3400
CRAWFORD LARGE CAP DIVIDEND FUND
S000000534
549300XSWYRKJ0UT3Z40
2023-12-31
2023-03-31
N
56367996.33
286955.46
56081040.87
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
Texas Instruments Incorporated
WDJNR2L6D8RWOEB8T652
Texas Instruments, Inc.
882508104
9350.00000000
NS
USD
1739193.50000000
3.101214729647
Long
EC
CORP
US
N
1
N
N
N
Philip Morris International Inc.
HL3H1H2BGXWVG3BSWR90
Philip Morris International, Inc.
718172109
18250.00000000
NS
USD
1774812.50000000
3.164728172777
Long
EC
CORP
US
N
1
N
N
N
Alexandria Real Estate Equities, Inc.
MGCJBT4MKTQBVLNUIS88
Alexandria Real Estate Equities, Inc.
015271109
7500.00000000
NS
USD
941925.00000000
1.679578312719
Long
EC
CORP
US
N
1
N
N
N
Money Market Obligations Trust
25490005VWJDWX717014
Federated Hermes Treasury Oligations Fund
60934N500
2153368.95000000
PA
USD
2153368.95000000
3.839744977258
Long
STIV
RF
US
N
1
N
N
N
Marsh & McLennan Companies, Inc.
549300XMP3KDCKJXIU47
Marsh & McLennan Cos., Inc.
571748102
7000.00000000
NS
USD
1165850.00000000
2.078866550823
Long
EC
CORP
US
N
1
N
N
N
AstraZeneca PLC
PY6ZZQWO2IZFZC3IOL08
AstraZeneca PLC
046353108
27500.00000000
NS
USD
1908775.00000000
3.403601235620
Long
EC
CORP
GB
N
1
N
N
N
Raytheon Technologies Corporation
I07WOS4YJ0N7YRFE7309
Raytheon Technologies Corp.
75513E101
12500.00000000
NS
USD
1224125.00000000
2.182778673522
Long
EC
CORP
US
N
1
N
N
N
American Express Company
R4PP93JZOLY261QX3811
American Express Co.
025816109
9900.00000000
NS
USD
1633005.00000000
2.911866425206
Long
EC
CORP
US
N
1
N
N
N
M&T Bank Corporation
549300WYXDDBYRASEG81
M&T Bank Corp.
55261F104
4000.00000000
NS
USD
478280.00000000
0.852837238004
Long
EC
CORP
US
N
1
N
N
N
Willis Towers Watson Public Limited Company
549300WHC56FF48KL350
Willis Towers Watson PLC
G96629103
6998.00000000
NS
USD
1626195.24000000
2.899723711921
Long
EC
CORP
IE
N
1
N
N
N
Chubb Limited
E0JAN6VLUDI1HITHT809
Chubb Ltd.
H1467J104
5920.00000000
NS
USD
1149545.60000000
2.049793623953
Long
EC
CORP
CH
N
1
N
N
N
Home Depot Inc
QEKMOTMBBKA8I816DO57
Home Depot, Inc./The
437076102
6410.00000000
NS
USD
1891719.20000000
3.373188462006
Long
EC
CORP
US
N
1
N
N
N
Omnicom Group Inc
HKUPACFHSSASQK8HLS17
Omnicom Group, Inc.
681919106
19850.00000000
NS
USD
1872649.00000000
3.339183743648
Long
EC
CORP
US
N
1
N
N
N
TE Connectivity Ltd
894500ZRIX9K13RHXR17
TE Connectivity Ltd.
H84989104
8000.00000000
NS
USD
1049200.00000000
1.870863992043
Long
EC
CORP
CH
N
1
N
N
N
Hasbro Inc
549300NUB6D2R1ITYR45
Hasbro, Inc.
418056107
16000.00000000
NS
USD
859040.00000000
1.531783266989
Long
EC
CORP
US
N
1
N
N
N
Microsoft Corporation
INR2EJN1ERAN0W5ZP974
Microsoft Corp.
594918104
9870.00000000
NS
USD
2845521.00000000
5.073944698344
Long
EC
CORP
US
N
1
N
N
N
Honeywell International Inc.
ISRPG12PN4EIEOEMW547
Honeywell International, Inc.
438516106
6950.00000000
NS
USD
1328284.00000000
2.368508107898
Long
EC
CORP
US
N
1
N
N
N
JPMorgan Chase & Co.
8I5DZWZKVSZI1NUHU748
JPMorgan Chase & Co.
46625H100
6700.00000000
NS
USD
873077.00000000
1.556813116261
Long
EC
CORP
US
N
1
N
N
N
Johnson Controls International PLC
549300XQ6S1GYKGBL205
Johnson Controls International PLC
G51502105
31600.00000000
NS
USD
1902952.00000000
3.393218047452
Long
EC
CORP
IE
N
1
N
N
N
Comcast Corporation
51M0QTTNCGUN7KFCFZ59
Comcast Corp.
20030N101
32000.00000000
NS
USD
1213120.00000000
2.163155285958
Long
EC
CORP
US
N
1
N
N
N
The Coca-Cola Company
UWJKFUJFZ02DKWI3RY53
Coca-Cola Co./The
191216100
28000.00000000
NS
USD
1736840.00000000
3.097018124228
Long
EC
CORP
US
N
1
N
N
N
Accenture PLC
N/A
Accenture PLC
G1151C101
5840.00000000
NS
USD
1669130.40000000
2.976282847298
Long
EC
CORP
IE
N
1
N
N
N
Johnson & Johnson
549300G0CFPGEF6X2043
Johnson & Johnson
478160104
13140.00000000
NS
USD
2036700.00000000
3.631708628092
Long
EC
CORP
US
N
1
N
N
N
AbbVie Inc.
FR5LCKFTG8054YNNRU85
AbbVie, Inc.
00287Y109
11500.00000000
NS
USD
1832755.00000000
3.268047403486
Long
EC
CORP
US
N
1
N
N
N
Medtronic PLC
549300GX3ZBSQWUXY261
Medtronic PLC
G5960L103
18500.00000000
NS
USD
1491470.00000000
2.659490581598
Long
EC
CORP
IE
N
1
N
N
N
Cardinal Health, Inc.
CCU46N3GJMF4OK4N7U60
Cardinal Health, Inc.
14149Y108
3000.00000000
NS
USD
226500.00000000
0.403879807660
Long
EC
CORP
US
N
1
N
N
N
The Procter & Gamble Company
2572IBTT8CCZW6AU4141
Procter & Gamble Co./The
742718109
7900.00000000
NS
USD
1174651.00000000
2.094559911473
Long
EC
CORP
US
N
1
N
N
N
Mondelez International, Inc.
549300DV9GIB88LZ5P30
Mondelez International, Inc.
609207105
17850.00000000
NS
USD
1244502.00000000
2.219113591141
Long
EC
CORP
US
N
1
N
N
N
Stryker Corporation
5493002F0SC4JTBU5137
Stryker Corp.
863667101
1300.00000000
NS
USD
371111.00000000
0.661740570864
Long
EC
CORP
US
N
1
N
N
N
Merck & Co., Inc
4YV9Y5M8S0BRK1RP0397
Merck & Co., Inc.
58933Y105
20170.00000000
NS
USD
2145886.30000000
3.826402411064
Long
EC
CORP
US
N
1
N
N
N
American Electric Power Co, Inc.
1B4S6S7G0TW5EE83BO58
American Electric Power Co., Inc.
025537101
10000.00000000
NS
USD
909900.00000000
1.622473452497
Long
EC
CORP
US
N
1
N
N
N
Visa Inc
549300JZ4OKEHW3DPJ59
Visa, Inc.
92826C839
3200.00000000
NS
USD
721472.00000000
1.286481115199
Long
EC
CORP
US
N
1
N
N
N
Genuine Parts Co
549300D46DQVEU651W04
Genuine Parts Co.
372460105
7940.00000000
NS
USD
1328441.40000000
2.368788773160
Long
EC
CORP
US
N
1
N
N
N
International Business Machines Corporation
VGRQXHF3J8VDLUA7XE92
International Business Machines Corp.
459200101
8000.00000000
NS
USD
1048720.00000000
1.870008087815
Long
EC
CORP
US
N
1
N
N
N
Northern Trust Corporation
549300GLF98S992BC502
Northern Trust Corp.
665859104
13120.00000000
NS
USD
1156265.60000000
2.061776283147
Long
EC
CORP
US
N
1
N
N
N
Global Payments Inc
549300NOMHGVQBX6S778
Global Payments, Inc.
37940X102
14700.00000000
NS
USD
1547028.00000000
2.758557929739
Long
EC
CORP
US
N
1
N
N
N
United Parcel Service, Inc.
D01LMJZU09ULLNCY6Z23
United Parcel Service, Inc.
911312106
12930.00000000
NS
USD
2508290.70000000
4.472617949111
Long
EC
CORP
US
N
1
N
N
N
S&P Global Inc
Y6X4K52KMJMZE7I7MY94
S&P Global, Inc.
78409V104
3600.00000000
NS
USD
1241172.00000000
2.213175755559
Long
EC
CORP
US
N
1
N
N
N
BlackRock, Inc.
549300LRIF3NWCU26A80
BlackRock, Inc.
09247X101
1700.00000000
NS
USD
1137504.00000000
2.028321839883
Long
EC
CORP
US
N
1
N
N
N
SAP SE
529900D6BF99LW9R2E68
SAP SE
803054204
4000.00000000
NS
USD
506200.00000000
0.902622333942
Long
EC
CORP
DE
N
1
N
N
N
Fidelity National Information Services Inc
6WQI0GK1PRFVBA061U48
Fidelity National Information Services, Inc.
31620M106
10000.00000000
NS
USD
543300.00000000
0.968776598243
Long
EC
CORP
US
N
1
N
N
N
2023-03-31
Unified Series Trust
Gregory Knoth
Gregory Knoth
SVP, Mutual Fund Controller
XXXX
NPORT-EX
2
ultimus_1140.htm
Crawford
Large
Cap
Dividend
Fund
Schedule
of
Investments
March
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
96.12%
Shares
Fair
Value
Communications
—
5.49%
Comcast
Corp.,
Class
A
32,000
$
1,213,120
Omnicom
Group,
Inc.
19,850
1,872,649
3,085,769
Consumer
Discretionary
—
9.33%
Genuine
Parts
Co.
7,940
1,328,441
Hasbro,
Inc.
16,000
859,040
Home
Depot,
Inc.
(The)
6,410
1,891,720
Marsh
&
McLennan
Companies,
Inc.
7,000
1,165,850
5,245,051
Consumer
Staples
—
8.46%
Coca-Cola
Co.
(The)
28,000
1,736,840
Mondelez
International,
Inc.,
Class
A
17,850
1,244,502
Philip
Morris
International,
Inc.
18,250
1,774,813
4,756,155
Financials
—
16.41%
American
Express
Co.
9,900
1,633,005
BlackRock,
Inc.
1,700
1,137,504
Chubb
Ltd.
5,920
1,149,546
JPMorgan
Chase
&
Co.
6,700
873,077
M&T
Bank
Corp.
4,000
478,280
Northern
Trust
Corp.
13,120
1,156,266
Procter
&
Gamble
Co.
(The)
7,900
1,174,651
Willis
Towers
Watson
PLC
6,998
1,626,194
9,228,523
Health
Care
—
17.81%
AbbVie,
Inc.
11,500
1,832,755
AstraZeneca
PLC
-
ADR
27,500
1,908,775
Cardinal
Health,
Inc.
3,000
226,500
Johnson
&
Johnson
13,140
2,036,700
Medtronic
PLC
18,500
1,491,470
Merck
&
Co.,
Inc.
20,170
2,145,886
Stryker
Corp.
1,300
371,111
10,013,197
Industrials
—
14.25%
Honeywell
International,
Inc.
6,950
1,328,284
Johnson
Controls
International
PLC
31,600
1,902,952
Raytheon
Technologies
Corp.
12,500
1,224,125
TE
Connectivity
Ltd.
8,000
1,049,200
United
Parcel
Service,
Inc.,
Class
B
12,930
2,508,291
8,012,852
Real
Estate
—
1.67%
Alexandria
Real
Estate
Equities,
Inc.
7,500
941,925
Technology
—
21.08%
Accenture
PLC,
Class
A
5,840
1,669,129
Fidelity
National
Information
Services,
Inc.
10,000
543,300
Crawford
Large
Cap
Dividend
Fund
Schedule
of
Investments
(continued)
March
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
96.12%
-
(continued)
Shares
Fair
Value
Technology
—
21.08%
-
(continued)
Global
Payments,
Inc.
14,700
$
1,547,028
International
Business
Machines
Corp.
8,000
1,048,720
Microsoft
Corp.
9,870
2,845,521
S&P
Global,
Inc.
3,600
1,241,172
SAP
SE
-
ADR
4,000
506,200
Texas
Instruments,
Inc.
9,350
1,739,194
Visa,
Inc.,
Class
A
3,200
721,472
11,861,736
Utilities
—
1.62%
American
Electric
Power
Co.,
Inc.
10,000
909,900
Total
Common
Stocks
(Cost $31,353,818)
54,055,108
MONEY
MARKET
FUNDS
-
3.83%
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
4.66%
(a)
2,153,369
2,153,369
Total
Money
Market
Funds
(Cost
$2,153,369)
2,153,369
Total
Investments
—
99.95%
(Cost
$33,507,187)
56,208,477
Other
Assets
in
Excess
of
Liabilities — 0.05%
27,232
NET
ASSETS
—
100.00%
$
56,235,709
(a)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
March
31,
2023.
ADR
-
American
Depositary
Receipt.
Crawford
Small
Cap
Dividend
Fund
Schedule
of
Investments
March
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
97.76%
Shares
Fair
Value
Consumer
Discretionary
—
11.08%
Academy
Sports
&
Outdoors,
Inc.
77,110
$
5,031,427
Carter's,
Inc.
46,374
3,335,218
Columbia
Sportswear
Co.
46,800
4,223,232
HNI
Corp.
99,544
2,771,305
Johnson
Outdoors,
Inc.,
Class
A
61,113
3,850,730
Leggett
&
Platt,
Inc.
89,570
2,855,492
Monro
,
Inc.
63,248
3,126,349
Rocky
Brands,
Inc.
98,453
2,271,311
Wolverine
World
Wide,
Inc.
197,443
3,366,403
30,831,467
Consumer
Staples
—
9.16%
Casey's
General
Stores,
Inc.
19,487
4,218,156
Flowers
Foods,
Inc.
145,566
3,989,964
Inter
Parfums
,
Inc.
28,045
3,989,121
J&J
Snack
Foods
Corp.
28,096
4,164,389
MGP
Ingredients,
Inc.
42,834
4,142,904
PriceSmart
,
Inc.
40,475
2,893,153
Turning
Point
Brands,
Inc.
99,928
2,098,488
25,496,175
Energy
—
1.51%
DT
Midstream,
Inc.
85,006
4,196,746
Financials
—
20.03%
Artisan
Partners
Asset
Management,
Inc.,
Class
A
77,308
2,472,310
BancFirst
Corp.
51,731
4,298,846
First
Hawaiian,
Inc.
119,037
2,455,733
Glacier
Bancorp,
Inc.
63,962
2,687,044
Hamilton
Lane,
Inc.,
Class
A
39,700
2,937,006
Hanover
Insurance
Group,
Inc.
36,159
4,646,432
Houlihan
Lokey
,
Inc.
46,326
4,053,062
Lazard
Ltd.,
Class
A
74,739
2,474,608
Old
Republic
International
Corp.
189,397
4,729,243
SouthState
Corp.
37,862
2,698,046
Stock
Yards
Bancorp,
Inc.
59,760
3,295,166
Trico
Bancshares
118,098
4,911,696
Valley
National
Bancorp
401,996
3,714,443
Walker
&
Dunlop,
Inc.
54,797
4,173,887
Webster
Financial
Corp.
79,050
3,116,151
WSFS
Financial
Corp.
81,449
3,063,297
55,726,970
Health
Care
—
10.95%
Atrion
Corp.
10,456
6,565,427
CONMED
Corp.
67,766
7,038,176
LeMaitre
Vascular,
Inc.
80,833
4,160,475
Perrigo
Co.
PLC
135,939
4,876,132
Psychemedics
Corp.
204,835
1,075,384
Crawford
Small
Cap
Dividend
Fund
Schedule
of
Investments
(continued)
March
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
97.76%
-
(continued)
Shares
Fair
Value
Health
Care
—
10.95%
-
(continued)
U.S.
Physical
Therapy,
Inc.
69,013
$
6,757,063
30,472,657
Industrials
—
25.17%
AZZ,
Inc.
126,264
5,207,127
ESCO
Technologies,
Inc.
64,740
6,179,433
Franklin
Electric
Co.,
Inc.
62,218
5,854,714
Hackett
Group,
Inc.
(The)
281,047
5,193,749
Landstar
System,
Inc.
11,218
2,010,939
Littelfuse
,
Inc.
21,002
5,630,426
Moog,
Inc.,
Class
A
56,475
5,689,857
MSC
Industrial
Direct
Co.,
Inc.,
Class
A
58,557
4,918,788
Mueller
Water
Products,
Inc.
376,964
5,254,878
National
Instruments
Corp.
55,851
2,927,151
nVent
Electric
PLC
122,349
5,253,666
Standex
International,
Inc.
45,412
5,560,245
Tennant
Co.
48,891
3,350,500
Valmont
Industries,
Inc.
13,046
4,165,327
Woodward,
Inc.
28,690
2,793,545
69,990,345
Materials
—
1.90%
HB
Fuller
Co.
77,306
5,291,596
Real
Estate
—
4.54%
Armada
Hoffler
Properties,
Inc.
235,978
2,786,900
Four
Corners
Property
Trust,
Inc.
91,401
2,455,031
Independence
Realty
Trust,
Inc.
275,343
4,413,748
STAG
Industrial,
Inc.
88,278
2,985,562
12,641,241
Technology
—
12.14%
Absolute
Software
Corp.
427,946
3,350,817
American
Software,
Inc.,
Class
A
397,706
5,015,073
AudioCodes
,
Ltd.
188,586
2,843,877
Belden,
Inc.
47,794
4,147,085
Power
Integrations,
Inc.
65,041
5,505,070
Sapiens
International
Corp.
NV
190,453
4,136,639
Simulations
Plus,
Inc.
144,205
6,336,368
TTEC
Holdings,
Inc.
65,552
2,440,501
33,775,430
Utilities
—
1.28%
Black
Hills
Corp.
56,552
3,568,431
Total
Common
Stocks
(Cost $238,213,735)
271,991,058
MONEY
MARKET
FUNDS
-
2.02%
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
4.66%
(a)
5,606,116
5,606,116
Crawford
Small
Cap
Dividend
Fund
Schedule
of
Investments
(continued)
March
31,
2023
-
(Unaudited)
MONEY
MARKET
FUNDS
-
2.02%
-
continued
Total
Money
Market
Funds
(Cost
$5,606,116)
$
5,606,116
Total
Investments
—
99.78%
(Cost
$243,819,851)
277,597,174
Other
Assets
in
Excess
of
Liabilities — 0.22%
609,677
NET
ASSETS
—
100.00%
$
278,206,851
(a)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
March
31,
2023.
Crawford
Multi-Asset
Income
Fund
Schedule
of
Investments
March
31,
2023
-
(Unaudited)
COMMON
STOCKS
—
47.94%
Shares
Fair
Value
Communications
—
4.37%
AT&T,
Inc.
55,800
$
1,074,150
BCE,
Inc.
50,910
2,280,259
Verizon
Communications,
Inc.
46,200
1,796,718
5,151,127
Consumer
Staples
—
5.27%
Kraft
Heinz
Co.
(The)
66,000
2,552,220
Philip
Morris
International,
Inc.
37,710
3,667,298
6,219,518
Energy
—
11.18%
DT
Midstream,
Inc.
35,830
1,768,927
Kinder
Morgan,
Inc.
207,050
3,625,446
ONEOK,
Inc.
57,290
3,640,207
Williams
Companies,
Inc.
(The)
139,350
4,160,991
13,195,571
Financials
—
3.31%
Huntington
Bancshares,
Inc.
196,110
2,196,432
New
York
Community
Bancorp,
Inc.
188,570
1,704,673
3,901,105
Health
Care
—
4.14%
AbbVie,
Inc.
18,860
3,005,718
Gilead
Sciences,
Inc.
22,625
1,877,196
4,882,914
Real
Estate
—
10.10%
Alexander's,
Inc.
10,370
2,009,188
Crown
Castle
International
Corp.
9,300
1,244,712
Four
Corners
Property
Trust,
Inc.
70,710
1,899,271
Physicians
Realty
Trust
173,480
2,590,055
STAG
Industrial,
Inc.
71,660
2,423,541
WP
Carey,
Inc.
22,630
1,752,694
11,919,461
Technology
—
3.35%
International
Business
Machines
Corp.
30,170
3,954,985
Utilities
—
6.22%
Duke
Energy
Corp.
32,720
3,156,499
NorthWestern
Corp.
30,900
1,787,874
Southern
Co.
(The)
34,380
2,392,160
7,336,533
Total
Common
Stocks
(Cost $54,232,744)
56,561,214
PREFERRED
STOCKS
—
36.26%
Shares
Fair
Value
Energy
—
0.59%
Energy
Transfer
LP,
Series
D,
7.63%
29,730
693,601
Crawford
Multi-Asset
Income
Fund
Schedule
of
Investments
(continued)
March
31,
2023
-
(Unaudited)
PREFERRED
STOCKS
—
36.26%
-
(continued)
Shares
Fair
Value
Financials
—
18.65%
AGNC
Investment
Corp.,
Series
C,
7.00%
69,990
$
1,646,165
Allstate
Corp.,
Series
G,
5.63%
30,000
748,200
Ally
Financial,
Inc.,
Series
B,
4.70%
3,589,000
2,586,323
American
Express
Co.,
Series
D,
3.55%
3,750,000
3,178,875
Annaly
Capital
Management,
Inc.,
Series
F,
6.95%
71,610
1,690,712
Bank
of
America
Corp.,
Series
KK,
5.38%
11,830
271,735
Charles
Schwab
Corp.
(The),
Series
I,
4.00%
3,967,000
3,239,135
Invesco
Mortgage
Capital,
Inc.,
Series
C,
7.50%
118,500
2,146,035
Two
Harbors
Investment
Corp.,
Series
B,
7.63%
161,400
3,289,332
Wells
Fargo
&
Co.,
Series
L,
7.50%
2,720
3,199,400
21,995,912
Real
Estate
—
6.59%
Armada
Hoffler
Properties
Inc.,
Series
A,
6.75%
98,837
2,064,705
Digital
Realty
Trust,
Inc.,
Series
L,
5.20%
102,150
2,196,225
Hersha
Hospitality
Trust,
Series
D,
6.50%
66,910
1,298,723
UMH
Properties,
Inc.,
Series
D,
6.38%
37,100
811,748
Vornado
Realty
Trust,
Series
M,
5.25%
104,150
1,408,108
7,779,509
Utilities
—
10.43%
Centerpoint
Energy,
Inc.,
Series
A,
6.13%
3,650,000
3,456,093
Nisource,
Inc.,
Series
B,
6.50%
111,050
2,665,200
Sempra
Energy,
5.75%
10,690
264,471
Southern
Co.
(The),
B
104,420
2,359,892
Spire,
Inc.,
Series
A,
5.90%
147,950
3,558,198
12,303,854
Total
Preferred
Stocks
(Cost $48,972,310)
42,772,876
CORPORATE
BONDS
—
11.68%
Principal
Amount
Fair
Value
Consumer
Discretionary
—
3.00%
Newell
Brands,
Inc.,
4.45%,
4/1/2026
$
3,672,000
3,538,211
Energy
—
2.24%
Transcanada
Trust,
5.63%,
5/20/2075
2,830,000
2,639,186
Real
Estate
—
3.37%
Crown
Castle
Inc.,
5.00%,
1/11/2028
3,945,000
3,973,267
Technology
—
3.07%
Fidelity
National
Information
Services
Inc.,
4.50%,
7/15/2025
3,665,000
3,623,614
Total
Corporate
Bonds
(Cost $13,877,104)
13,774,278
MONEY
MARKET
FUNDS
-
3.81%
Shares
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
4.66%
(a)
4,495,083
4,495,083
Total
Money
Market
Funds
(Cost
$4,495,083)
4,495,083
Total
Investments
—
99.69%
(Cost
$121,577,241)
117,603,451
Crawford
Multi-Asset
Income
Fund
Schedule
of
Investments
(continued)
March
31,
2023
-
(Unaudited)
MONEY
MARKET
FUNDS
-
3.81%
-
continued
Shares
Other
Assets
in
Excess
of
Liabilities — 0.31%
361,181
NET
ASSETS
—
100.00%
$
117,964,632
(a)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
March
31,
2023.