# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-23-057092
**Filing Date:** 2023-3
**Character Count:** 24281
**Document Hash:** 87857de0b2f95e0d657f7f33d4e9fd99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-057092.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0001752724-23-057092

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230315

**DATE AS OF CHANGE**: 20230315

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** World Funds Trust
- **CENTRAL INDEX KEY:** 0001396092
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22172
- **FILM NUMBER:** 23734315

**BUSINESS ADDRESS:**
- **STREET 1:** 8730 STONY POINT PARKWAY
- **STREET 2:** SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235
- **BUSINESS PHONE:** 804-267-7400

**MAIL ADDRESS:**
- **STREET 1:** 8730 STONY POINT PARKWAY
- **STREET 2:** SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Abacus World Funds Trust
- **DATE OF NAME CHANGE:** 20070410

## Series and Classes Contracts Data

### Applied Finance Dividend Fund (Series ID: S000049058)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000154687 | Investor Class      | AFALX           |
| C000154688 | Institutional Class | AFAZX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**APPLIED FINANCE DIVIDEND FUND** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**APPLIED FINANCE DIVIDEND FUND** |  |
| **Schedule of Investments** | **Schedule of Investments** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** |
| 94.87% | &nbsp;&nbsp;COMMON STOCKS | **Shares** | **Fair Value** |
| 94.87% | &nbsp;&nbsp;COMMON STOCKS |  |  |
| 11.70% | &nbsp;&nbsp;CONSUMER DISCRETIONARY |  |  |
|  | &nbsp;&nbsp;Darden Restaurants, Inc. . . . . . . . . | 5304 | $784833 |
|  | &nbsp;&nbsp;Hasbro, Inc. . . . . . . . . . . . . . . | 10454 | 618563 |
|  | &nbsp;&nbsp;The Home Depot . . . . . . . . . . . | 2500 | 810425 |
|  | &nbsp;&nbsp;Target Corp. . . . . . . . . . . . . . . | 3581 | 616433 |
|  | &nbsp;&nbsp;Whirlpool Corp. . . . . . . . . . . . . | 3383 | 526361 |
|  |  |  | 3356615 |
| 7.46% | &nbsp;&nbsp;CONSUMER STAPLES |  |  |
|  | &nbsp;&nbsp;Unilever, N.V. . . . . . . . . . . . . . | 12148 | 620763 |
|  | &nbsp;&nbsp;Walgreens Boots Alliance, Inc. . . . . . . | 20511 | 756036 |
|  | &nbsp;&nbsp;Walmart, Inc. . . . . . . . . . . . . . . | 5297 | 762079 |
|  |  |  | 2138878 |
| 6.38% | &nbsp;&nbsp;ENERGY |  |  |
|  | &nbsp;&nbsp;Chevron Corp. . . . . . . . . . . . . . | 4976 | 865924 |
|  | &nbsp;&nbsp;Marathon Petroleum Corp. . . . . . . . | 7496 | 963386 |
|  |  |  | 1829310 |
| 19.46% | &nbsp;&nbsp;FINANCIALS |  |  |
|  | &nbsp;&nbsp;Ameriprise Financial, Inc. . . . . . . . . | 2506 | 877401 |
|  | &nbsp;&nbsp;Huntington Bancshares, Inc. . . . . . . . | 53311 | 808728 |
|  | &nbsp;&nbsp;JPMorgan Chase & Co. . . . . . . . . . | 4667 | 653193 |
|  | &nbsp;&nbsp;The PNC Financial Services Group, Inc. . . | 4842 | 801012 |
|  | &nbsp;&nbsp;Prudential Financial, Inc. . . . . . . . . | 7685 | 806464 |
|  | &nbsp;&nbsp;State Street Corp. . . . . . . . . . . . | 9297 | 849095 |
|  | &nbsp;&nbsp;The Travelers Companies, Inc. . . . . . . | 4101 | 783783 |
|  |  |  | 5579676 |
| 14.91% | &nbsp;&nbsp;HEALTH CARE |  |  |
|  | &nbsp;&nbsp;Abbott Laboratories . . . . . . . . . . | 6800 | 751740 |
|  | &nbsp;&nbsp;Eli Lilly and Co. . . . . . . . . . . . . | 2023 | 696215 |
|  | &nbsp;&nbsp;Johnson & Johnson . . . . . . . . . . | 4209 | 687835 |
|  | &nbsp;&nbsp;Merck & Co., Inc. . . . . . . . . . . . . | 6719 | 721688 |
|  | &nbsp;&nbsp;Novartis AG . . . . . . . . . . . . . . | 8590 | 778426 |
|  | &nbsp;&nbsp;Pfizer, Inc. . . . . . . . . . . . . . . . | 14484 | 639613 |
|  |  |  | 4275517 |
| 10.89% | &nbsp;&nbsp;INDUSTRIAL |  |  |
|  | &nbsp;&nbsp;Eaton Corp. PLC . . . . . . . . . . . . | 4762 | 772444 |
|  | &nbsp;&nbsp;Norfolk Southern Corp. . . . . . . . . . | 3089 | 759307 |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1** |  |  |

---

QUARTERLY REPORT

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**APPLIED FINANCE DIVIDEND FUND** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**APPLIED FINANCE DIVIDEND FUND** |  |
| **Schedule of Investments - continued** | **Schedule of Investments - continued** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** |
|  | PACCAR, Inc. . . . . . . . . . . . . . | **Shares** | **Fair Value** |
|  | PACCAR, Inc. . . . . . . . . . . . . . | 7800 | $852618 |
|  | Raytheon Technologies Corp. . . . . . . | 7394 | 738290 |
|  |  |  | 3122659 |
| 7.96% | INFORMATION TECHNOLOGY |  |  |
|  | Accenture PLC . . . . . . . . . . . . . | 1825 | 509266 |
|  | Cisco Systems, Inc. . . . . . . . . . . . | 13192 | 642055 |
|  | Intel Corp. . . . . . . . . . . . . . . . | 13509 | 381764 |
|  | Microsoft Corp. . . . . . . . . . . . . | 3028 | 750369 |
|  |  |  | 2283454 |
| 3.10% | MATERIALS |  |  |
|  | LyondellBasell Industries NV Class A . . . | 9183 | 887904 |
| 2.55% | REAL ESTATE |  |  |
|  | Omega Healthcare Investors, Inc. . . . . | 24855 | 731731 |
| 1.89% | TELECOMMUNICATIONS |  |  |
|  | Verizon Communications, Inc. . . . . . . | 13035 | 541865 |
| 8.57% | UTILITIES |  |  |
|  | Public Services Enterprise Group, Inc. . . | 12947 | 801808 |
|  | Sempra Energy . . . . . . . . . . . . | 4956 | 794596 |
|  | UGI Corp. . . . . . . . . . . . . . . . | 21600 | 860328 |
|  |  |  | 2456732 |
| 94.87% | TOTAL COMMON STOCKS . . . . . . . . . . . . . . | TOTAL COMMON STOCKS . . . . . . . . . . . . . . | 27204341 |
| 3.86% | EXCHANGE TRADED FUNDS |  |  |
| 3.86% | LARGE CAP |  |  |
|  | Applied Finance Valuation Large Cap ETF . | 44600 | 1108578 |
|  | TOTAL EXCHANGE TRADED FUNDS . . . . . . . . . . | TOTAL EXCHANGE TRADED FUNDS . . . . . . . . . . | 1108578 |
| 1.04% | MONEY MARKET FUND |  |  |
|  | Federated Treasury Obligations Fund - |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Institutional Class 4.19%(A) . . . . . . . | 296885 | 296885 |
| 99.77% | TOTAL INVESTMENTS . . . . . . . . . . . . . . . . | TOTAL INVESTMENTS . . . . . . . . . . . . . . . . | 28609804 |
| 0.23% | Other assets, net of liabilities . . . . . . . . . . . . . . | Other assets, net of liabilities . . . . . . . . . . . . . . | 66884 |
| 100.00% | NET ASSETS . . . . . . . . . . . . . . . . . . . . . | NET ASSETS . . . . . . . . . . . . . . . . . . . . . | $<u>28676688</u> |

---

(A) Effective 7 day yield as of January 31, 2023

**2**

QUARTERLY REPORT

**APPLIED FINANCE DIVIDEND FUND**

---

| | |
|:---|:---|
| **Schedule of Investments - continued** | **January 31, 2023 (unaudited)** |

---

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used in determining the value of a Fund's investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used to value the Fund's investments as of January 31, 2023:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Level 1** |  | **Level 2** |  | **Level 3** |  |
|  |  |  | **Other** |  |  |  |
|  |  |  | **Significant** |  | **Significant** |  |
|  |  |  | **Observable** |  | **Unobservable** |  |
| Common Stocks . . . . | **Quoted Prices** |  | **Inputs** |  | **Inputs** | **Total** |
| Common Stocks . . . . | $27204341 | $ | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $ | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $27204341 |
| ETF Funds . . . . . . . | 1108578 |  |  |  |  | 1108578 |
| Money Market . . . . . | 296885 |  |  |  |  | 296885 |
| Total Investments . . . . | $28609804 | $ | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $ | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $28609804 |

---

The Fund held no Level 3 securities at any time during the period.

There were no transfers into or out of Levels 1 and 2 during the period ended January 31, 2023.

At January 31, 2023 the cost of investments for Federal income tax purposes has been estimated since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $28,804,727 and the related tax-based net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation . . . . | $2276693 |
| Gross unrealized depreciation . . . . | (2471616) |
| Net unrealized appreciation . . . . . | $<u>(194923</u>) |

---

**3**

QUARTERLY REPORT

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** World Funds Trust

- **b. Investment Company Act file number:** 811-22172

- **c. CIK number of Registrant:** 0001396092

- **d. LEI of Registrant:** 5493007BOSPYEMKSSY03

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 8730 Stony Point Parkway

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

  - **Telephone number:** 800-673-0550

**Item A.2. Information about the Series.**

- **a. Name of Series:** Applied Finance Dividend Fund

- **b. EDGAR series identifier (if any):** S000049058

- **c. LEI of Series:** 549300BP1C7XPT7DFG44

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-04-30

- **b. Date as of which information is reported:** 2023-01-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $28698480.65

**Total Liabilities:** $21793.03

**Net Assets:** $28676687.62

**Cash Not Reported:** $4350.02

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154688 | 6.55%                | -3.66%               | 3.55%                |
| Class ID C000154687 | 6.48%                | -3.62%               | 3.49%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $1810004.61                                |
| Month 2  | $138932.61               | $-1317506.06                               |
| Month 3  | $104673.96               | $853033.86                                 |

### Schedule of Portfolio Investments

| Name             | Title                                                   | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RAYTHEON CO      | Raytheon Co.                                            | CUSIP: 75513E101<br>LEI: N/A | Long             | EC               | CORP              | US        |      7394 | NS      | $738290.90    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| INTEL CORP       | Intel Corp.                                             | CUSIP: 458140100<br>LEI: N/A | Long             | EC               | CORP              | US        |     13509 | NS      | $381764.34    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Federated Treasury Obligations Fund Institutional Class | CUSIP: 60934N500<br>LEI: N/A | Long             | STIV             | RF                | US        |    296885 | NS      | $296885.47    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | SEMPRA ENERGY                                           | CUSIP: 816851109<br>LEI: N/A | Long             | EC               | CORP              | US        |      4956 | NS      | $794595.48    | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| WAL-MART STORES  | Walmart Inc.                                            | CUSIP: 931142103<br>LEI: N/A | Long             | EC               | CORP              | US        |      5297 | NS      | $762079.39    | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP   | Microsoft Corp.                                         | CUSIP: 594918104<br>LEI: N/A | Long             | EC               | CORP              | US        |      3028 | NS      | $750368.68    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON&JOHNSON  | Johnson & Johnson                                       | CUSIP: 478160104<br>LEI: N/A | Long             | EC               | CORP              | US        |      4209 | NS      | $687834.78    | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP     | Chevron Corp.                                           | CUSIP: 166764100<br>LEI: N/A | Long             | EC               | CORP              | US        |      4976 | NS      | $865923.52    | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| NORFOLK SOUTHERN | Norfolk Southern Corp.                                  | CUSIP: 655844108<br>LEI: N/A | Long             | EC               | CORP              | US        |      3089 | NS      | $759307.09    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| DEFAULT ISSUER   | LyondellBasell Industries NV Class A                    | CUSIP: N53745100<br>LEI: N/A | Long             | EC               | CORP              | NL        |      9183 | NS      | $887904.27    | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Whirlpool Corp                                          | CUSIP: 963320106<br>LEI: N/A | Long             | EC               | CORP              | US        |      3383 | NS      | $526360.97    | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP      | Target Corp.                                            | CUSIP: 87612E106<br>LEI: N/A | Long             | EC               | CORP              | US        |      3581 | NS      | $616433.34    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| PFIZER INC       | Pfizer, Inc.                                            | CUSIP: 717081103<br>LEI: N/A | Long             | EC               | CORP              | US        |     14484 | NS      | $639613.44    | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE | Omega Healthcare Investors, Inc.                        | CUSIP: 681936100<br>LEI: N/A | Long             | EC               | CORP              | US        |     24855 | NS      | $731731.20    | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE   | JPMorgan Chase & Co.                                    | CUSIP: 46625H100<br>LEI: N/A | Long             | EC               | CORP              | US        |      4667 | NS      | $653193.32    | 2.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINAN | Ameriprise Financial, Inc.                              | CUSIP: 03076C106<br>LEI: N/A | Long             | EC               | CORP              | US        |      2506 | NS      | $877400.72    | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | APPLIED FINANCE VALUATION                               | CUSIP: 26923N405<br>LEI: N/A | Long             | EC               | RF                | US        |     44600 | NS      | $1108577.60   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| PRUDENTL FINL    | Prudential Financial, Inc.                              | CUSIP: 744320102<br>LEI: N/A | Long             | EC               | CORP              | US        |      7685 | NS      | $806463.90    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABS      | Abbott Laboratories                                     | CUSIP: 002824100<br>LEI: N/A | Long             | EC               | CORP              | US        |      6800 | NS      | $751740.00    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| NOVARTIS AG-ADR  | Novartis AG                                             | CUSIP: 66987V109<br>LEI: N/A | Long             | EC               | CORP              | CH        |      8590 | NS      | $778425.80    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Accenture PLC Class A                                   | CUSIP: G1151C101<br>LEI: N/A | Long             | EC               | CORP              | US        |      1825 | NS      | $509266.25    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Eaton Corp. PLC                                         | CUSIP: G29183103<br>LEI: N/A | Long             | EC               | CORP              | US        |      4762 | NS      | $772444.02    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Huntington Bancshares Inc.                              | CUSIP: 446150104<br>LEI: N/A | Long             | EC               | CORP              | US        |     53311 | NS      | $808727.87    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO       | Merck & Co., Inc.                                       | CUSIP: 58933Y105<br>LEI: N/A | Long             | EC               | CORP              | US        |      6719 | NS      | $721687.79    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNIC | Verizon Communications Inc.                             | CUSIP: 92343V104<br>LEI: N/A | Long             | EC               | CORP              | US        |     13035 | NS      | $541864.95    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| PUB SERV ENTERP  | Public Service Enterprise Group Inc.                    | CUSIP: 744573106<br>LEI: N/A | Long             | EC               | CORP              | US        |     12947 | NS      | $801807.71    | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UNILEVER PLC-ADR | Unilever PLC                                            | CUSIP: 904767704<br>LEI: N/A | Long             | EC               | CORP              | GB        |     12148 | NS      | $620762.80    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| UGI CORP         | UGI Corp.                                               | CUSIP: 902681105<br>LEI: N/A | Long             | EC               | CORP              | US        |     21600 | NS      | $860328.00    | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PACCAR INC       | PACCAR Inc                                              | CUSIP: 693718108<br>LEI: N/A | Long             | EC               | CORP              | US        |      7800 | NS      | $852618.00    | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURAN | Darden Restaurants, Inc.                                | CUSIP: 237194105<br>LEI: N/A | Long             | EC               | CORP              | US        |      5304 | NS      | $784832.88    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Marathon Petroleum Corp.                                | CUSIP: 56585A102<br>LEI: N/A | Long             | EC               | CORP              | US        |      7496 | NS      | $963385.92    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE ST CORP    | State Street Corp                                       | CUSIP: 857477103<br>LEI: N/A | Long             | EC               | CORP              | US        |      9297 | NS      | $849095.01    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| HOME DEPOT INC   | Home Depot Inc/The                                      | CUSIP: 437076102<br>LEI: N/A | Long             | EC               | CORP              | US        |      2500 | NS      | $810425.00    | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ELI LILLY & CO   | Eli Lilly and Co.                                       | CUSIP: 532457108<br>LEI: N/A | Long             | EC               | CORP              | US        |      2023 | NS      | $696215.45    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS    | Cisco Systems, Inc.                                     | CUSIP: 17275R102<br>LEI: N/A | Long             | EC               | CORP              | US        |     13192 | NS      | $642054.64    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS IN | Travelers Cos., Inc./The                                | CUSIP: 89417E109<br>LEI: N/A | Long             | EC               | CORP              | US        |      4101 | NS      | $783783.12    | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| WALGREENS BOOTS  | Walgreens Boots Alliance, Inc.                          | CUSIP: 931427108<br>LEI: N/A | Long             | EC               | CORP              | US        |     20511 | NS      | $756035.46    | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Hasbro, Inc.                                            | CUSIP: 418056107<br>LEI: N/A | Long             | EC               | CORP              | US        |     10454 | NS      | $618563.18    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC FINANCIAL SE | PNC Financial Services Group, Inc./The                  | CUSIP: 693475105<br>LEI: N/A | Long             | EC               | CORP              | US        |      4842 | NS      | $801012.06    | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-10

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer