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          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>Y</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>Y</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Absolute Investment Advisers, LLC</investmentAdviserName>
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            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <subAdvisers>
          <subAdviser>
            <subAdviserName>Focus Partners Wealth, LLC</subAdviserName>
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            <subAdviserCrdNo>000159289</subAdviserCrdNo>
            <subAdviserLei>549300KSBRB2D8PZE641</subAdviserLei>
            <isSubAdviserAffiliated>N</isSubAdviserAffiliated>
            <subAdviserStateCountry subAdviserState="US-MO" subAdviserCountry="US"/>
            <subAdviserHired isSubAdviserHired="Y" subAdviserStartDate="2026-01-01"/>
          </subAdviser>
        </subAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
            <transferAgentFileNo>084-05829</transferAgentFileNo>
            <transferAgentLei>N/A</transferAgentLei>
            <transferAgentRssdId>N/A</transferAgentRssdId>
            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg Finance LP</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data LLC</pricingServiceName>
            <pricingServiceLei>5493000NQ9LYLDBCTL34</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-MA" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>IHS Markit Ltd</pricingServiceName>
            <pricingServiceLei>549300HLPTRASHS0E726</pricingServiceLei>
            <pricingServiceCountry>BM</pricingServiceCountry>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>PricingDirect Inc</pricingServiceName>
            <pricingServiceLei>549300WIC0TOJ7N7GD54</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-NY" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
            <pricingServiceLei>213800HQORQAP68CJJ04</pricingServiceLei>
            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
            <custodianName>U.S. Bank National Association</custodianName>
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            <isCustodianAffiliated>N</isCustodianAffiliated>
            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
          </custodian>
        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
          <shareholderServicingAgent>
            <shareholderServiceAgentName>Ultimus Fund Solutions, LLC</shareholderServiceAgentName>
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            <shareholderServiceAgentOther>084-05829</shareholderServiceAgentOther>
            <shareholderServiceIdNumberDesc>SEC File Number</shareholderServiceIdNumberDesc>
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            <isShareholderServiceAgentAffiliated>N</isShareholderServiceAgentAffiliated>
            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
          </shareholderServicingAgent>
        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Ultimus Fund Solutions, LLC</adminName>
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            <idNumberDesc>SEC File Number</idNumberDesc>
            <adminStateCountry adminState="US-OH" adminCountry="US"/>
            <isAdminAffiliated>N</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>PERSHING LLC</brokerName>
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            <brokerStateCountry brokerState="US-NJ" brokerCountry="US"/>
            <grossCommission>16502.20</grossCommission>
          </broker>
          <broker>
            <brokerName>MAREX CAPITAL MARKETS, INC</brokerName>
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            <brokerStateCountry brokerState="US-NY" brokerCountry="US"/>
            <grossCommission>4241.24</grossCommission>
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        </brokers>
        <aggregateCommission>20743.44</aggregateCommission>
        <principalAggregatePurchase>0.00</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>54653172.79</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
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        <isSwingPricing>N</isSwingPricing>
        <liquidityClassifications>
          <liquidityClassificationService>
            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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            <liquidityStateCountry liquidityCountry="US" liquidityState="US-NY"/>
            <isAffiliatedPerson>N</isAffiliatedPerson>
            <assetClassType>Equity-common</assetClassType>
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        <isLiquidityHiredTerminated>N</isLiquidityHiredTerminated>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Absolute Convertible Arbitrage Fund</mgmtInvFundName>
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        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
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          <sharesOutstanding sharesOutstandingClassName="Investor Class Shares" sharesOutstandingClassId="C000244723" sharesOutstandingTickerSymbol="ARBOX"/>
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        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>0.00</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>0.00</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 12d1-1 (17 CFR 270.12d1-1)</relyOnRuleType>
          <relyOnRuleType>Rule 12d1-4 (17 CFR 270.12d1-4)</relyOnRuleType>
          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
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        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
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        <isExpenseWaivedRecoupable>Y</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Absolute Investment Advisers, LLC</investmentAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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            <transferAgentStateCountry transferAgentState="US-OH" transferAgentCountry="US"/>
            <isTransferAgentAffiliated>N</isTransferAgentAffiliated>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>Bloomberg Finance LP</pricingServiceName>
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            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
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          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data LLC</pricingServiceName>
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          <pricingService>
            <pricingServiceName>IHS Markit Ltd</pricingServiceName>
            <pricingServiceLei>549300HLPTRASHS0E726</pricingServiceLei>
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          <pricingService>
            <pricingServiceName>PricingDirect Inc</pricingServiceName>
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          <pricingService>
            <pricingServiceName>Refinitiv US LLC</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceState="US-DE" pricingServiceCountry="US"/>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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            <shareholderServiceAgentName>Ultimus Fund Solutions, LLC</shareholderServiceAgentName>
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        <brokers>
          <broker>
            <brokerName>MORGAN STANLEY &amp; CO INC</brokerName>
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        <aggregateCommission>252414.90</aggregateCommission>
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        <mgmtInvFundName>Absolute Flexible Fund</mgmtInvFundName>
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          <relyOnRuleType>Rule 18f-4 (17 CFR 270.18f-4)</relyOnRuleType>
          <relyOnRuleType>Section 12(d)(1)(G) of the Act (15 USC 80a-12(d)(1)(G))</relyOnRuleType>
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        <investmentAdvisers>
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          <transferAgent>
            <transferAgentName>Ultimus</transferAgentName>
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            <transferAgentName>Brown Brothers Harriman &amp; Co </transferAgentName>
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            <pricingServiceName>Bloomberg Finance LP</pricingServiceName>
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            <pricingServiceName>ICE Data Pricing &amp; Reference Data LLC</pricingServiceName>
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            <pricingServiceName>IHS Markit Ltd</pricingServiceName>
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            <shareholderServiceAgentName>Brown Brothers Harriman &amp; Co </shareholderServiceAgentName>
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            <adminName>Ultimus Fund Solutions, LLC </adminName>
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            <liquidityName>ICE DATA PRICING &amp; REFERENCE DATA, LLC</liquidityName>
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      <managementInvestmentQuestion>
        <mgmtInvFundName>Dean Equity Income Fund</mgmtInvFundName>
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        <investmentAdvisers>
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            <transferAgentName>Ultimus Fund Solutions, LLC</transferAgentName>
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          <pricingService>
            <pricingServiceName>Bloomberg Finance LP</pricingServiceName>
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            <pricingServiceName>ICE Data Pricing &amp; Reference Data LLC</pricingServiceName>
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          <pricingService>
            <pricingServiceName>IHS Markit Ltd</pricingServiceName>
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      <managementInvestmentQuestion>
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    <exchangeSeriesInfo>
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        <fundName>Absolute Select Value ETF</fundName>
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        <isCollateralRequired>N</isCollateralRequired>
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        <standardDeviationPurchased>5.60</standardDeviationPurchased>
        <creationUnitPurchasedInKind>79.03</creationUnitPurchasedInKind>
        <creationUnitPurchasedSDInKind>5.60</creationUnitPurchasedSDInKind>
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        <creationUnitPercentageRedeemedInKind>81.40</creationUnitPercentageRedeemedInKind>
        <creationUnitSDRedeemedInKind>3.61</creationUnitSDRedeemedInKind>
        <creationUnitTransactionFeePerUnit>0.00</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>250.00</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>0.00</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>0.00</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>250.00</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>0.00</creationUnitTransactionFeeCashPercentagePerUnit>
        <purchaseCreationUnitDollarPerUnit>0.00</purchaseCreationUnitDollarPerUnit>
        <purchaseCreationUnitDollarPerMoreUnits>250.00</purchaseCreationUnitDollarPerMoreUnits>
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        <purchaseCreationUnitCashPerUnit>0.00</purchaseCreationUnitCashPerUnit>
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        <purchaseCreationUnitCashPercentagePerUnit>0.00</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>Y</isInKindETF>
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    </exchangeSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Unified Series Trust" signedDate="2026-06-11" signature="Zachary Richmond" title="President"/>
  </formData>
</edgarSubmission>
