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
      2022-12-31
      2022-03-31
      N
    
    
      60011580.07
      272622.34
      59738957.73
      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
      3600
      N
      
        
          
          
        
        
        
        
      
      
      
      
      
    
    
      
        Texas Instruments Incorporated
        WDJNR2L6D8RWOEB8T652
        Texas Instruments, Inc. 
        882508104
        
          
        
        13350.00000000
        NS
        USD
        2449458.00000000
        4.100269059046
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Philip Morris International Inc.
        HL3H1H2BGXWVG3BSWR90
        Philip Morris International, Inc. 
        718172109
        
          
        
        19250.00000000
        NS
        USD
        1808345.00000000
        3.027078256324
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Marsh & McLennan Companies, Inc.
        549300XMP3KDCKJXIU47
        Marsh & McLennan Cos., Inc. 
        571748102
        
          
        
        7000.00000000
        NS
        USD
        1192940.00000000
        1.996921348028
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AstraZeneca PLC
        PY6ZZQWO2IZFZC3IOL08
        AstraZeneca PLC 
        046353108
        
          
        
        31000.00000000
        NS
        USD
        2056540.00000000
        3.442544159030
        Long
        EC
        CORP
        GB
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Raytheon Technologies Corporation
        I07WOS4YJ0N7YRFE7309
        Raytheon Technologies Corp. 
        75513E101
        
          
        
        12500.00000000
        NS
        USD
        1238375.00000000
        2.072977244760
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Express Company
        R4PP93JZOLY261QX3811
        American Express Co. 
        025816109
        
          
        
        10900.00000000
        NS
        USD
        2038300.00000000
        3.412011319669
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        M&T Bank Corporation
        549300WYXDDBYRASEG81
        M&T Bank Corp. 
        55261F104
        
          
        
        3000.00000000
        NS
        USD
        508500.00000000
        0.851203334176
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Willis Towers Watson Public Limited Company
        549300WHC56FF48KL350
        Willis Towers Watson PLC 
        G96629103
        
          
        
        7478.00000000
        NS
        USD
        1766453.16000000
        2.956953430596
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Chubb Limited
        E0JAN6VLUDI1HITHT809
        Chubb Ltd. 
        H1467J104
        
          
        
        8000.00000000
        NS
        USD
        1711200.00000000
        2.864462429582
        Long
        EC
        CORP
        CH
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Home Depot, Inc.
        QEKMOTMBBKA8I816DO57
        Home Depot, Inc./The 
        437076102
        
          
        
        6410.00000000
        NS
        USD
        1918705.30000000
        3.211815828243
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Omnicom Group Inc
        HKUPACFHSSASQK8HLS17
        Omnicom Group, Inc. 
        681919106
        
          
        
        14850.00000000
        NS
        USD
        1260468.00000000
        2.109959811647
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Money Market Obligations Trust
        25490005VWJDWX717014
        Federated Hermes Treasury Oligations Fund 
        60934N500
        
          
        
        831076.06000000
        PA
        USD
        831076.06000000
        1.391179377042
        Long
        STIV
        RF
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Starbucks Corporation
        OQSJ1DU9TAOC51A47K68
        Starbucks Corp. 
        855244109
        
          
        
        10000.00000000
        NS
        USD
        909700.00000000
        1.522791884169
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Microsoft Corporation
        INR2EJN1ERAN0W5ZP974
        Microsoft Corp. 
        594918104
        
          
        
        10370.00000000
        NS
        USD
        3197174.70000000
        5.351909074895
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Honeywell International Inc.
        ISRPG12PN4EIEOEMW547
        Honeywell International, Inc. 
        438516106
        
          
        
        7800.00000000
        NS
        USD
        1517724.00000000
        2.540593371011
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        JPMorgan Chase & Co.
        8I5DZWZKVSZI1NUHU748
        JPMorgan Chase & Co. 
        46625H100
        
          
        
        6700.00000000
        NS
        USD
        913344.00000000
        1.528891756243
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson Controls International PLC
        549300XQ6S1GYKGBL205
        Johnson Controls International PLC 
        G51502105
        
          
        
        28100.00000000
        NS
        USD
        1842517.00000000
        3.084280459541
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Comcast Corporation
        51M0QTTNCGUN7KFCFZ59
        Comcast Corp. 
        20030N101
        
          
        
        33000.00000000
        NS
        USD
        1545060.00000000
        2.586352455265
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Coca-Cola Company
        UWJKFUJFZ02DKWI3RY53
        Coca-Cola Co./The 
        191216100
        
          
        
        30000.00000000
        NS
        USD
        1860000.00000000
        3.113546119111
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Accenture PLC
        N/A
        Accenture PLC 
        G1151C101
        
          
        
        5840.00000000
        NS
        USD
        1969423.20000000
        3.296715032928
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Johnson & Johnson
        549300G0CFPGEF6X2043
        Johnson & Johnson 
        478160104
        
          
        
        13140.00000000
        NS
        USD
        2328802.20000000
        3.898297339778
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        AbbVie Inc.
        FR5LCKFTG8054YNNRU85
        AbbVie, Inc. 
        00287Y109
        
          
        
        12500.00000000
        NS
        USD
        2026375.00000000
        3.392049471566
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Medtronic PLC
        549300GX3ZBSQWUXY261
        Medtronic PLC 
        G5960L103
        
          
        
        15000.00000000
        NS
        USD
        1664250.00000000
        2.785870499317
        Long
        EC
        CORP
        IE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Cardinal Health, Inc.
        CCU46N3GJMF4OK4N7U60
        Cardinal Health, Inc. 
        14149Y108
        
          
        
        3000.00000000
        NS
        USD
        170100.00000000
        0.284738814441
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        The Procter & Gamble Company
        2572IBTT8CCZW6AU4141
        Procter & Gamble Co./The 
        742718109
        
          
        
        10900.00000000
        NS
        USD
        1665520.00000000
        2.787996415216
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Mondelez International, Inc.
        549300DV9GIB88LZ5P30
        Mondelez International, Inc. 
        609207105
        
          
        
        25850.00000000
        NS
        USD
        1622863.00000000
        2.716590750268
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Stryker Corporation
        5493002F0SC4JTBU5137
        Stryker Corp. 
        863667101
        
          
        
        1300.00000000
        NS
        USD
        347555.00000000
        0.581789527649
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Merck & Co., Inc
        4YV9Y5M8S0BRK1RP0397
        Merck & Co., Inc. 
        58933Y105
        
          
        
        20770.00000000
        NS
        USD
        1704178.50000000
        2.852708792982
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        American Electric Power Co, Inc.
        1B4S6S7G0TW5EE83BO58
        American Electric Power Co., Inc. 
        025537101
        
          
        
        13000.00000000
        NS
        USD
        1297010.00000000
        2.171129275241
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Visa Inc
        549300JZ4OKEHW3DPJ59
        Visa, Inc. 
        92826C839
        
          
        
        3200.00000000
        NS
        USD
        709664.00000000
        1.187941716705
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Genuine Parts Co
        549300D46DQVEU651W04
        Genuine Parts Co. 
        372460105
        
          
        
        14940.00000000
        NS
        USD
        1882738.80000000
        3.151609722602
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Hubbell Incorporated
        54930088VDQ6840Y6597
        Hubbell, Inc. 
        443510607
        
          
        
        7140.00000000
        NS
        USD
        1312117.80000000
        2.196418969896
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        International Business Machines Corporation
        VGRQXHF3J8VDLUA7XE92
        International Business Machines Corp. 
        459200101
        
          
        
        8000.00000000
        NS
        USD
        1040160.00000000
        1.741175339384
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Northern Trust Corporation
        549300GLF98S992BC502
        Northern Trust Corp. 
        665859104
        
          
        
        12320.00000000
        NS
        USD
        1434664.00000000
        2.401555123348
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Global Payments Inc
        549300NOMHGVQBX6S778
        Global Payments, Inc. 
        37940X102
        
          
        
        5700.00000000
        NS
        USD
        779988.00000000
        1.305660543200
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        United Parcel Service, Inc.
        D01LMJZU09ULLNCY6Z23
        United Parcel Service, Inc. 
        911312106
        
          
        
        12930.00000000
        NS
        USD
        2772967.80000000
        4.641808135543
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        S&P Global Inc
        Y6X4K52KMJMZE7I7MY94
        S&P Global, Inc. 
        78409V104
        
          
        
        3600.00000000
        NS
        USD
        1476648.00000000
        2.471834220265
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        BlackRock, Inc.
        549300LRIF3NWCU26A80
        BlackRock, Inc. 
        09247X101
        
          
        
        2100.00000000
        NS
        USD
        1604757.00000000
        2.686282220143
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
      
        SAP SE
        529900D6BF99LW9R2E68
        SAP SE 
        803054204
        
          
        
        7500.00000000
        NS
        USD
        832200.00000000
        1.393060795873
        Long
        EC
        CORP
        DE
        
        N
        
        1
        
          N
          N
          N
        
      
      
        Fidelity National Information Services Inc
        6WQI0GK1PRFVBA061U48
        Fidelity National Information Services, Inc. 
        31620M106
        
          
        
        6500.00000000
        NS
        USD
        652730.00000000
        1.092637074369
        Long
        EC
        CORP
        US
        
        N
        
        1
        
          N
          N
          N
        
      
    
    
      2022-03-31
      Unified Series Trust
      Gregory Knoth
      Gregory Knoth
      SVP, Mutual Fund Controller
    
  
  XXXX
Crawford
Large
Cap
Dividend
Fund
Schedule
of
Investments
March
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
98
.48
%
Shares
Fair
Value
Communications
—
4
.68
%
Comcast
Corp.,
Class
A
33,000‌
$
1,545,060‌
Omnicom
Group,
Inc.
14,850‌
1,260,468‌
2,805,528‌
Consumer
Discretionary
—
7
.86
%
Genuine
Parts
Co.
14,940‌
1,882,739‌
Home
Depot,
Inc.
(The)
6,410‌
1,918,705‌
Starbucks
Corp.
10,000‌
909,700‌
4,711,144‌
Consumer
Staples
—
11
.61
%
Coca-Cola
Co.
(The)
30,000‌
1,860,000‌
Mondelez
International,
Inc.,
Class
A
25,850‌
1,622,863‌
Philip
Morris
International,
Inc.
19,250‌
1,808,345‌
Procter
&
Gamble
Co.
(The)
10,900‌
1,665,520‌
6,956,728‌
Financials
—
18
.64
%
American
Express
Co.
10,900‌
2,038,300‌
BlackRock,
Inc.
2,100‌
1,604,757‌
Chubb
Ltd.
8,000‌
1,711,200‌
JPMorgan
Chase
&
Co.
6,700‌
913,344‌
M&T
Bank
Corp.
3,000‌
508,500‌
Marsh
&
McLennan
Cos.,
Inc.
7,000‌
1,192,940‌
Northern
Trust
Corp.
12,320‌
1,434,664‌
Willis
Towers
Watson
PLC
7,478‌
1,766,453‌
11,170,158‌
Health
Care
—
17
.18
%
AbbVie,
Inc.
12,500‌
2,026,375‌
AstraZeneca
PLC
-
ADR
31,000‌
2,056,540‌
Cardinal
Health,
Inc.
3,000‌
170,100‌
Johnson
&
Johnson
13,140‌
2,328,802‌
Medtronic
PLC
15,000‌
1,664,250‌
Merck
&
Co.,
Inc.
20,770‌
1,704,179‌
Stryker
Corp.
1,300‌
347,555‌
10,297,801‌
Industrials
—
14
.49
%
Honeywell
International,
Inc.
7,800‌
1,517,724‌
Hubbell,
Inc.
7,140‌
1,312,118‌
Johnson
Controls
International
PLC
28,100‌
1,842,517‌
Raytheon
Technologies
Corp.
12,500‌
1,238,375‌
United
Parcel
Service,
Inc.,
Class
B
12,930‌
2,772,968‌
8,683,702‌
Technology
—
21
.86
%
Accenture
PLC,
Class
A
5,840‌
1,969,423‌
Fidelity
National
Information
Services,
Inc.
6,500‌
652,730‌
Global
Payments,
Inc.
5,700‌
779,988‌
International
Business
Machines
Corp.
8,000‌
1,040,160‌
Microsoft
Corp.
10,370‌
3,197,175‌
Crawford
Large
Cap
Dividend
Fund
Schedule
of
Investments
(continued)
March
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
98.48%
-
(continued)
Shares
Fair
Value
Technology
—
21.86%
-
(continued)
S&P
Global,
Inc.
3,600‌
$
1,476,648‌
SAP
SE
-
ADR
7,500‌
832,200‌
Texas
Instruments,
Inc.
13,350‌
2,449,458‌
Visa,
Inc.,
Class
A
3,200‌
709,664‌
13,107,446‌
Utilities
—
2
.16
%
American
Electric
Power
Co.,
Inc.
13,000‌
1,297,010‌
Total
Common
Stocks
(Cost $30,768,490)
59,029,517‌
MONEY
MARKET
FUNDS
-
1
.39
%
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
0.13%
(a)
831,076‌
831,076‌
Total
Money
Market
Funds
(Cost
$831,076)
831,076‌
Total
Investments
—
99.87%
(Cost
$31,599,566)
59,860,593‌
Other
Assets
in
Excess
of
Liabilities — 0.13%
80,680‌
NET
ASSETS
—
100.00%
$
59,941,273‌
(a)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
March
31,
2022.
ADR
-
American
Depositary
Receipt.
Crawford
Small
Cap
Dividend
Fund
Schedule
of
Investments
March
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
98
.98
%
Shares
Fair
Value
Communications
—
1
.72
%
Switch,
Inc.,
Class
A
179,618‌
$
5,535,827‌
Consumer
Discretionary
—
12
.15
%
Carter's,
Inc.
45,374‌
4,173,954‌
Columbia
Sportswear
Co.
41,200‌
3,729,836‌
Hanesbrands,
Inc.
270,500‌
4,027,745‌
HNI
Corp.
84,944‌
3,147,175‌
Jack
in
the
Box,
Inc.
41,938‌
3,917,429‌
JOANN
Inc.
278,992‌
3,183,299‌
Johnson
Outdoors,
Inc.,
Class
A
41,613‌
3,234,578‌
Leggett
&
Platt,
Inc.
89,570‌
3,117,036‌
Monro,
Inc.
75,748‌
3,358,666‌
Rocky
Brands,
Inc.
58,226‌
2,421,619‌
Wolverine
World
Wide,
Inc.
217,199‌
4,900,010‌
39,211,347‌
Consumer
Staples
—
7
.59
%
Casey's
General
Stores,
Inc.
26,095‌
5,171,247‌
Flowers
Foods,
Inc.
115,961‌
2,981,357‌
Inter
Parfums,
Inc.
33,945‌
2,988,857‌
J&J
Snack
Foods
Corp.
24,578‌
3,812,048‌
MGP
Ingredients,
Inc.
56,861‌
4,866,733‌
PriceSmart,
Inc.
58,984‌
4,652,068‌
24,472,310‌
Energy
—
0
.96
%
DT
Midstream,
Inc.
57,006‌
3,093,146‌
Financials
—
21
.22
%
Artisan
Partners
Asset
Management,
Inc.,
Class
A
81,808‌
3,219,145‌
BancFirst
Corp.
63,188‌
5,257,873‌
First
Hawaiian,
Inc.
113,400‌
3,162,726‌
First
of
Long
Island
Corp.
(The)
96,585‌
1,879,544‌
Glacier
Bancorp,
Inc.
60,462‌
3,040,029‌
Hanover
Insurance
Group,
Inc.
45,274‌
6,769,368‌
Houlihan
Lokey,
Inc.
50,826‌
4,462,523‌
Lazard
Ltd.,
Class
A
77,739‌
2,681,996‌
Old
Republic
International
Corp.
193,393‌
5,003,077‌
South
State
Corp.
72,968‌
5,953,459‌
Stock
Yards
Bancorp,
Inc.
28,401‌
1,502,413‌
Trico
Bancshares
149,004‌
5,964,630‌
Valley
National
Bancorp
466,956‌
6,079,768‌
Walker
&
Dunlop,
Inc.
44,900‌
5,810,958‌
Webster
Financial
Corp.
71,049‌
3,987,270‌
WSFS
Financial
Corp.
79,149‌
3,689,926‌
68,464,705‌
Health
Care
—
8
.07
%
Atrion
Corp.
7,856‌
5,601,328‌
CONMED
Corp.
56,585‌
8,405,702‌
Crawford
Small
Cap
Dividend
Fund
Schedule
of
Investments
(continued)
March
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
98.98%
-
(continued)
Shares
Fair
Value
Health
Care
—
8.07%
-
(continued)
Perrigo
Co.
PLC
101,801‌
$
3,912,212‌
Psychemedics
Corp.
216,581‌
1,505,238‌
U.S.
Physical
Therapy,
Inc.
66,313‌
6,594,828‌
26,019,308‌
Industrials
—
23
.79
%
AZZ,
Inc.
68,100‌
3,285,144‌
ESCO
Technologies,
Inc.
78,938‌
5,519,345‌
Franklin
Electric
Co.,
Inc.
64,818‌
5,382,487‌
Hackett
Group,
Inc.
(The)
345,513‌
7,967,529‌
Healthcare
Services
Group,
Inc.
143,101‌
2,657,386‌
Landstar
System,
Inc.
10,218‌
1,541,181‌
Littelfuse,
Inc.
21,602‌
5,387,755‌
Moog,
Inc.,
Class
A
56,875‌
4,993,625‌
MSC
Industrial
Direct
Co.,
Inc.,
Class
A
63,857‌
5,441,255‌
Mueller
Water
Products,
Inc.,
Series
A
403,720‌
5,216,062‌
National
Instruments
Corp.
148,679‌
6,034,881‌
nVent
Electric
PLC
181,259‌
6,304,187‌
Standex
International,
Inc.
41,500‌
4,146,680‌
Tennant
Co.
44,891‌
3,537,411‌
Valmont
Industries,
Inc.
22,441‌
5,354,423‌
Woodward,
Inc.
31,690‌
3,958,398‌
76,727,749‌
Materials
—
3
.21
%
Cameco
Corp.
163,831‌
4,767,482‌
HB
Fuller
Co.
84,804‌
5,603,000‌
10,370,482‌
Real
Estate
—
4
.79
%
Armada
Hoffler
Properties,
Inc.
193,006‌
2,817,888‌
Four
Corners
Property
Trust,
Inc.
91,401‌
2,471,483‌
Independence
Realty
Trust,
Inc.
192,651‌
5,093,692‌
PS
Business
Parks,
Inc.
12,078‌
2,030,070‌
STAG
Industrial,
Inc.
73,817‌
3,052,333‌
15,465,466‌
Technology
—
14
.19
%
Absolute
Software
Corp.
369,387‌
3,132,402‌
American
Software,
Inc.,
Class
A
289,461‌
6,032,366‌
AudioCodes,
Ltd.
145,780‌
3,724,679‌
Brooks
Automation,
Inc.
70,627‌
5,853,566‌
Cass
Information
Systems,
Inc.
105,702‌
3,901,461‌
Power
Integrations,
Inc.
64,241‌
5,953,856‌
Sapiens
International
Corp.
NV
164,550‌
4,177,925‌
Simulations
Plus,
Inc.
138,065‌
7,038,553‌
TTEC
Holdings,
Inc.
72,236‌
5,960,915‌
45,775,723‌
Crawford
Small
Cap
Dividend
Fund
Schedule
of
Investments
(continued)
March
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
98.98%
-
(continued)
Shares
Fair
Value
Utilities
—
1
.29
%
Black
Hills
Corp.
54,052‌
$
4,163,085‌
Total
Common
Stocks
(Cost $258,011,694)
319,299,148‌
MONEY
MARKET
FUNDS
-
1
.12
%
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
0.13%
(a)
3,627,620‌
3,627,620‌
Total
Money
Market
Funds
(Cost
$3,627,620)
3,627,620‌
Total
Investments
—
100.10%
(Cost
$261,639,314)
322,926,768‌
Liabilities
in
Excess
of
Other
Assets — (0.10)%
(
328,375‌
)
NET
ASSETS
—
100.00%
$
322,598,393‌
(a)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
March
31,
2022.
Crawford
Multi-Asset
Income
Fund
Schedule
of
Investments
March
31,
2022
-
(Unaudited)
COMMON
STOCKS
—
57.03%
Shares
Fair
Value
Communications
—
5.16%
AT&T,
Inc.
55,800‌
$
1,318,554‌
BCE,
Inc.
58,920‌
3,267,704‌
Verizon
Communications,
Inc.
53,360‌
2,718,158‌
7,304,416‌
Consumer
Staples
—
3.02%
Kraft
Heinz
Co.
(The)
54,390‌
2,142,422‌
Philip
Morris
International,
Inc.
22,700‌
2,132,438‌
4,274,860‌
Energy
—
14.35%
Kinder
Morgan,
Inc.
237,580‌
4,492,638‌
ONEOK,
Inc.
66,560‌
4,701,133‌
Valero
Energy
Corp.
44,740‌
4,542,900‌
Williams
Cos.,
Inc.
(The)
196,400‌
6,561,724‌
20,298,395‌
Financials
—
9.43%
AGNC
Investment
Corp.
105,970‌
1,388,207‌
Huntington
Bancshares,
Inc.
277,560‌
4,057,927‌
New
Residential
Investment
Corp.
379,800‌
4,170,204‌
New
York
Community
Bancorp,
Inc.
217,820‌
2,335,030‌
Old
Republic
International
Corp.
53,940‌
1,395,428‌
13,346,796‌
Health
Care
—
6.12%
AbbVie,
Inc.
38,140‌
6,182,875‌
Cardinal
Health,
Inc.
43,600‌
2,472,120‌
8,654,995‌
Industrials
—
0.92%
BAE
Systems
PLC
-
ADR
34,650‌
1,305,266‌
Real
Estate
—
10.95%
Alexander's,
Inc.
12,680‌
3,248,996‌
Brandywine
Realty
Trust
193,970‌
2,742,736‌
Four
Corners
Property
Trust,
Inc.
81,830‌
2,212,683‌
Physicians
Realty
Trust
148,390‌
2,602,761‌
STAG
Industrial,
Inc.
31,960‌
1,321,546‌
WP
Carey,
Inc.
41,460‌
3,351,626‌
15,480,348‌
Technology
—
3.10%
International
Business
Machines
Corp.
33,740‌
4,386,875‌
Utilities
—
3.98%
Duke
Energy
Corp.
19,620‌
2,190,769‌
NorthWestern
Corp.
56,960‌
3,445,511‌
5,636,280‌
Total
Common
Stocks
(Cost $69,019,317)
80,688,231‌
Crawford
Multi-Asset
Income
Fund
Schedule
of
Investments
(continued)
March
31,
2022
-
(Unaudited)
PREFERRED
STOCKS
—
33.92%
Shares
Fair
Value
Energy
—
1.00%
Energy
Transfer
LP,
Series
D,
7.63%
57,530‌
$
1,419,840‌
Financials
—
18.26%
AGNC
Investment
Corp.,
Series
C,
7.00%
56,340‌
1,398,922‌
Allstate
Corp.,
Series
G,
5.63%
64,550‌
1,640,861‌
Ally
Financial,
Inc.,
Series
B,
4.70%
3,989,000‌
3,747,187‌
American
Express
Co.,
Series
D,
3.55%
4,100,000‌
3,732,025‌
Annaly
Capital
Management,
Inc.,
Series
F,
6.95%
139,530‌
3,391,974‌
Bank
of
America
Corp.,
Series
KK,
5.38%
51,050‌
1,290,544‌
Charles
Schwab
Corp.
(The),
Series
D,
5.95%
51,250‌
1,297,138‌
Invesco
Mortgage
Capital,
Inc.,
Series
C,
7.50%
122,310‌
2,948,894‌
Two
Harbors
Investment
Corp.,
Series
B,
7.63%
161,400‌
3,928,476‌
Wells
Fargo
&
Co.,
Series
L,
7.50%
1,850‌
2,451,250‌
25,827,271‌
Industrials
—
1.80%
General
Electric
Co.,
Series
D,
3.53%
2,640,000‌
2,544,300‌
Real
Estate
—
7.24%
Armada
Hoffler
Properties
Inc.,
Series
A,
6.75%
109,817‌
2,853,045‌
Digital
Realty
Trust,
Inc.,
Series
L,
5.20%
102,150‌
2,543,535‌
Hersha
Hospitality
Trust,
Series
D,
6.50%
66,910‌
1,482,057‌
UMH
Properties,
Inc.,
Series
D,
6.38%
37,100‌
947,905‌
Vornado
Realty
Trust,
Series
M,
5.25%
104,150‌
2,410,031‌
10,236,573‌
Utilities
—
5.62%
Centerpoint
Energy,
Inc.,
Series
A,
6.13%
1,920,000‌
1,892,400‌
Nisource
,
Inc.,
Series
B,
6.50%
63,250‌
1,698,263‌
Sempra
Energy,
5.75%
33,400‌
854,038‌
Spire,
Inc.,
Series
A,
5.90%
135,630‌
3,506,035‌
7,950,736‌
Total
Preferred
Stocks
(Cost $48,399,152)
47,978,720‌
CORPORATE
BONDS
—
6.58%
Principal
Amount
Fair
Value
Energy
—
2.01%
Transcanada
Trust,
5.63%,
5/20/2075
$
2,830,000‌
2,837,924‌
Financials
—
2.48%
Charles
Schwab
Corp.
(The),
4.00%,
12/31/2049
3,654,000‌
3,503,272‌
Utilities
—
2.09%
Southern
Co.
(The),
Series
B,
4.46%,
3/15/2057
2,975,000‌
2,961,542‌
Total
Corporate
Bonds
(Cost $9,095,072)
9,302,738‌
MONEY
MARKET
FUNDS
-
2.66%
Shares
Federated
Hermes
Treasury
Obligations
Fund,
Institutional
Shares,
0.13%
(a)
3,760,647‌
3,760,647‌
Crawford
Multi-Asset
Income
Fund
Schedule
of
Investments
(continued)
March
31,
2022
-
(Unaudited)
MONEY
MARKET
FUNDS
-
2.66%
-
continued
Shares
Total
Money
Market
Funds
(Cost
$3,760,647)
$
3,760,647‌
Total
Investments
—
100.19%
(Cost
$130,274,188)
141,730,336‌
Liabilities
in
Excess
of
Other
Assets — (0.19)%
(269,338‌)
NET
ASSETS
—
100.00%
$
141,460,998‌
(a)
Rate
disclosed
is
the
seven
day
effective
yield
as
of
March
31,
2022.
ADR
-
American
Depositary
Receipt.