# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001396092-26-000344
**Filing Date:** 2026-5
**Character Count:** 48980
**Document Hash:** 31af7c3fa5b3793b0b8ed103cd0d7794
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001396092-26-000344.hdr.sgml**: 20260529

**ACCESSION NUMBER**: 0001396092-26-000344

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260529

**DATE AS OF CHANGE**: 20260529

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** World Funds Trust
- **CENTRAL INDEX KEY:** 0001396092

**ORGANIZATION NAME:**
- **EIN:** 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:** 261043623

**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 Explorer Fund (Series ID: S000049148)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000154944 | Investor Class      | AFDVX           |
| C000154945 | Institutional Class | AFDZX           |

## 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 Explorer Fund

- **b. EDGAR series identifier (if any):** S000049148

- **c. LEI of Series:** 549300JZELJIII4L7K33

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2026-04-30

**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:** $990810909.69

**Total Liabilities:** $1671629.41

**Net Assets:** $989139280.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154945 | 1.75%                | -3.36%               | 8.31%                |
| Class ID C000154944 | 1.72%                | -3.35%               | 8.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1786655.82              | $14146783.41                               |
| Month 2  | $333461.23               | $-34391515.84                              |
| Month 3  | $2662360.81              | $73848513.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Default                        | PennyMac Financial Services, Inc.      | CUSIP: 70932M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     52585 | NS      | $4747899.65   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ASSETS                | American Assets Trust Inc              | CUSIP: 024013104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    156119 | NS      | $3237908.06   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Tenet Healthcare Corp.                 | CUSIP: 88033G407<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37704 | NS      | $6678132.48   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI WORLDWIDE IN               | ACI Worldwide Inc                      | CUSIP: 004498101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    143519 | NS      | $6202891.18   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Q2 Holdings, Inc.              | Q2 Holdings, Inc.                      | CUSIP: 74736L109<br>LEI: 549300M9RKR9DZXWS696 | Long             | EC               | CORP              | US        |    120000 | NS      | $6090000.00   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | API Group Corp.                        | CUSIP: 00187Y100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    205751 | NS      | $9406935.72   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT PARTNERS - A               | PJT Partners Inc                       | CUSIP: 69343T107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     44077 | NS      | $6732320.98   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| G III APPAREL                  | G-III Apparel Group Ltd                | CUSIP: 36237H101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177100 | NS      | $5523749.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Weatherford International plc          | CUSIP: G48833118<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     71785 | NS      | $7921474.75   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Sezzle Inc                             | CUSIP: 78435P105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     85346 | NS      | $6793541.60   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | New Jersey Resources Corp.             | CUSIP: 646025106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    108080 | NS      | $6085984.80   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Janus International Group              | CUSIP: 47103N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    750863 | NS      | $3904487.60   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Navient Corp.                          | CUSIP: 63938C108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    458786 | NS      | $4239182.64   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALIT               | Ryman Hospitality Properties, Inc.     | CUSIP: 78377T107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57247 | NS      | $6016087.23   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Middlesex Water Co                     | CUSIP: 596680108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78434 | NS      | $3990721.92   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Green Plains Inc                       | CUSIP: 393222104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    370182 | NS      | $6433763.16   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTL               | CSG Systems International, Inc.        | CUSIP: 126349109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    111223 | NS      | $8943441.43   | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| BELDEN INC                     | Belden, Inc.                           | CUSIP: 077454106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $5061600.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLEGIANT TRAVEL               | Allegiant Travel Co.                   | CUSIP: 01748X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77769 | NS      | $5882447.16   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDUS               | Innovative Industrial Properties Inc   | CUSIP: 45781V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120424 | NS      | $6533002.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Acadian Asset Management Inc           | CUSIP: 10948W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    131329 | NS      | $8845008.15   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Applied Fin IVS Int SMID ETF           | CUSIP: 26923W306<br>LEI: N/A                  | Long             | EC               | RF                | US        |     60000 | NS      | $1458600.00   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSP               | DiamondRock Hospitality Co.            | CUSIP: 252784301<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    703104 | NS      | $7171660.80   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Dorian LPG Ltd.                        | CUSIP: Y2106R110<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    207272 | NS      | $7990335.60   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE STATE REA               | Empire State Realty Trust              | CUSIP: 292104106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    487060 | NS      | $2712924.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | V2X Inc                                | CUSIP: 92242T101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    120000 | NS      | $8137200.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| J2 GLOBAL INC                  | Ziff Davis, Inc.                       | CUSIP: 48123V102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181785 | NS      | $8318481.60   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Amneal Pharmaceuticals Inc             | CUSIP: 03168L105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    606953 | NS      | $7811485.11   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISO-A               | Taylor Morrison Home Corp.             | CUSIP: 87724P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    122180 | NS      | $7421213.20   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Verra Mobility Corp.                   | CUSIP: 92511U102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    233157 | NS      | $3457718.31   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Frontdoor, Inc.                        | CUSIP: 35905A109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    132082 | NS      | $9064787.66   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Vistance Networks Inc                  | CUSIP: 20337X109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    357959 | NS      | $4580085.42   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD FUEL SVCS                | World Kinect Corp.                     | CUSIP: 981475106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    252931 | NS      | $6821549.07   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Slide Insurance Holdings Inc           | CUSIP: 831349105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    379991 | NS      | $7086832.15   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | ANI Pharmaceuticals, Inc.              | CUSIP: 00182C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     77956 | NS      | $6193604.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| RENT-A-CENTER                  | Upbound Group, Inc.                    | CUSIP: 76009N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    187267 | NS      | $3700395.92   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL G               | Encore Capital Group, Inc.             | CUSIP: 292554102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    116179 | NS      | $9616135.83   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | SUPERNUS PHARMACEUTICALS INC           | CUSIP: 868459108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    167126 | NS      | $8022048.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | SkyWest, Inc.                          | CUSIP: 830879102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     75409 | NS      | $6192587.08   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Southwest Gas Holdings, Inc.           | CUSIP: 844895102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81943 | NS      | $7706739.15   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | ADMA Biologics, Inc.                   | CUSIP: 000899104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    350000 | NS      | $3587500.00   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Brightspring Health Services           | CUSIP: 10950A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    180951 | NS      | $8680219.47   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC               | Radian Group, Inc.                     | CUSIP: 750236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    221816 | NS      | $7947667.28   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | TXNM Energy Inc                        | CUSIP: 69349H107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126991 | NS      | $7500088.46   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS, Inc.                  | MAXIMUS, Inc.                          | CUSIP: 577933104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     83306 | NS      | $5466539.72   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Donnelley Financial Solutions          | CUSIP: 25787G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    107832 | NS      | $5423949.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIF WATER SRVC               | California Water Service Group         | CUSIP: 130788102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    123577 | NS      | $5219892.48   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATL BANCORP               | Old National Bancorp                   | CUSIP: 680033107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    257113 | NS      | $6162998.61   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENBRIER COS                 | Greenbrier Cos., Inc./The              | CUSIP: 393657101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137314 | NS      | $6744863.68   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Diebold Nixdorf Inc                    | CUSIP: 253651202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113052 | NS      | $8683524.12   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Waystar Holding Corp                   | CUSIP: 946784105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128965 | NS      | $2756626.89   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Consensus Cloud Solutions, Inc.        | CUSIP: 20848V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    128472 | NS      | $3324855.36   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | PACS Group, Inc.                       | CUSIP: 69380Q107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    160000 | NS      | $5368000.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Pacira Bioscienses Inc                 | CUSIP: 695127100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    269955 | NS      | $6881152.95   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | ONE Gas Inc                            | CUSIP: 68235P108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82823 | NS      | $7389468.06   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTI               | Armour Residential REIT, Inc.          | CUSIP: 042315705<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    380850 | NS      | $6680109.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | BKV Corporation                        | CUSIP: 05603J108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225987 | NS      | $7125370.11   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Federated Treasury Obligations Fund    | CUSIP: 60934N500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   4424171 | NS      | $4424171.19   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| K12 INC                        | Stride, Inc.                           | CUSIP: 86333M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     59481 | NS      | $5779173.96   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS                | Comfort Systems USA Inc                | CUSIP: 199908104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13106 | NS      | $24118316.50  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Warrior Met Coal, Inc.                 | CUSIP: 93627C101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     42548 | NS      | $3822937.80   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | HCI Group Inc                          | CUSIP: 40416E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46831 | NS      | $7191836.67   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Red Rock Resorts, Inc.                 | CUSIP: 75700L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     90000 | NS      | $4856400.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| MATSON INC                     | Matson Inc                             | CUSIP: 57686G105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     55802 | NS      | $9733542.86   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | NMI Holdings, Inc. Class A             | CUSIP: 629209305<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    181202 | NS      | $7014329.42   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.     | Par Pacific Holdings, Inc.             | CUSIP: 69888T207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    197536 | NS      | $12972189.12  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA INC                   | Innoviva, Inc.                         | CUSIP: 45781M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    250000 | NS      | $5747500.00   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Apple Hospitality Reit Inc             | CUSIP: 03784Y200<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    400000 | NS      | $5388000.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | ARCOSA INC                             | CUSIP: 039653100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     60000 | NS      | $7588200.00   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Pathward Financial, Inc.               | CUSIP: 59100U108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     95243 | NS      | $8270902.12   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                        | KB Home                                | CUSIP: 48666K109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81873 | NS      | $4338450.27   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | SLM Corp.                              | CUSIP: 78442P106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    244540 | NS      | $5643983.20   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | CATALYST PHARMACEUTICALS INC           | CUSIP: 14888U101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    266124 | NS      | $7486068.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Applied Fin Ivs US Smid ETF            | CUSIP: 26923W108<br>LEI: N/A                  | Long             | EC               | RF                | US        |     80000 | NS      | $2236856.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Atmus Filtration Technologie           | CUSIP: 04956D107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    138668 | NS      | $8791551.20   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackbaud Inc                  | Blackbaud, Inc.                        | CUSIP: 09227Q100<br>LEI: 54930056X3HKFMNG3754 | Long             | EC               | CORP              | US        |    140780 | NS      | $5232792.60   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | F&G Annuities & Life Inc               | CUSIP: 30190A104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113563 | NS      | $3252444.32   | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | BellRing Brands, Inc.                  | CUSIP: 07831C103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    135347 | NS      | $2409176.60   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial, Inc.            | MFA Financial, Inc.                    | CUSIP: 55272X607<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    666811 | NS      | $6834812.75   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SCANSOURCE INC                 | ScanSource, Inc.                       | CUSIP: 806037107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115464 | NS      | $4747879.68   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Prog Holdings, Inc.                    | CUSIP: 74319R101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    207497 | NS      | $7434617.51   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| JACKSON FINANCIAL INC COM CL A | Jackson Financial, Inc.                | CUSIP: 46817M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81150 | NS      | $9394735.50   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Diversified Energy Company             | CUSIP: 25520W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    424000 | NS      | $7059600.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Penguin Solutions Inc                  | CUSIP: 706915105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    257621 | NS      | $7834254.61   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Harmony Biosciences Holdings           | CUSIP: 413197104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    127823 | NS      | $3995746.98   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | OSI Systems, Inc.                      | CUSIP: 671044105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33301 | NS      | $9554722.92   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | TIDEWATER INC                          | CUSIP: 88642R109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     78401 | NS      | $7003561.33   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Patrick Industries, Inc.               | CUSIP: 703343103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     76526 | NS      | $7116918.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | CarGurus Inc                           | CUSIP: 141788109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    212746 | NS      | $7756719.16   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED INV-B                | Federated Hermes, Inc.                 | CUSIP: 314211103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136146 | NS      | $7908721.14   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK HLDG CO                | Hancock Whitney Corp.                  | CUSIP: 410120109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    118768 | NS      | $8018027.68   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Newmark Group, Inc.                    | CUSIP: 65158N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    510499 | NS      | $8229243.88   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Performance Food Group Co.             | CUSIP: 71377A103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     84136 | NS      | $7619356.16   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| SANMINA CORP                   | Sanmina Corp                           | CUSIP: 801056102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45000 | NS      | $9801900.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| HERITAGE INSURAN               | Heritage Insurance Holdings Inc        | CUSIP: 42727J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    225266 | NS      | $6604799.12   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Collegium Pharmaceutical, Inc.         | CUSIP: 19459J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    165208 | NS      | $5572465.84   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Victory Capital Holdings, Inc. Class A | CUSIP: 92645B103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    119170 | NS      | $9356036.70   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSIGN GROUP INC               | The Ensign Group, Inc.                 | CUSIP: 29358P101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40544 | NS      | $7569159.36   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Phinia Inc                             | CUSIP: 71880K101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    126083 | NS      | $9096888.45   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Ryerson Holding Corp.                  | CUSIP: 783754104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    226790 | NS      | $6284350.90   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Perimeter Solutions Inc                | CUSIP: 71385M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    379006 | NS      | $11483881.80  | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Preferred Bank                         | CUSIP: 740367404<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     53757 | NS      | $5092400.61   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Cars.com, Inc.                         | CUSIP: 14575E105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    451024 | NS      | $4956753.76   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WILEY JOHN&SON-A               | John Wiley & Sons, Inc. Class A        | CUSIP: 968223206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    166902 | NS      | $6831298.86   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR CORP                       | NCR Atleos Corp.                       | CUSIP: 63001N106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    198483 | NS      | $8808675.54   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Peabody Energy Corp                    | CUSIP: 704551100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    262001 | NS      | $6984946.66   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc       | Green Brick Partners, Inc.             | CUSIP: 392709101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     81365 | NS      | $5487255.60   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING CONSTRU               | Sterling Infrastructure, Inc.          | CUSIP: 859241101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37551 | NS      | $19362046.62  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| TANGER FACTORY                 | Tanger Factory Outlet Centers, Inc.    | CUSIP: 875465106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    248264 | NS      | $9205629.12   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Sabra Health Care REIT, Inc.           | CUSIP: 78573L106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    362257 | NS      | $7484229.62   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Element Solutions, Inc.                | CUSIP: 28618M106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    275428 | NS      | $11730478.52  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Axos Financial, Inc.                   | CUSIP: 05465C100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91451 | NS      | $8819534.44   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Insight Enterprises, Inc.              | CUSIP: 45765U103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     50017 | NS      | $3646239.30   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Gulfport Energy Corp                   | CUSIP: 402635502<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39494 | NS      | $7604174.76   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCORP INC/THE                | The Bancorp, Inc.                      | CUSIP: 05969A105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    121423 | NS      | $7264738.09   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING               | Huron Consulting Group Inc             | CUSIP: 447462102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45563 | NS      | $5953489.40   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Blue Bird Corporation                  | CUSIP: 095306106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    110000 | NS      | $7052100.00   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Option Care Health, Inc.               | CUSIP: 68404L201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    200000 | NS      | $4066000.00   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METAL               | Commercial Metals Co.                  | CUSIP: 201723103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    144278 | NS      | $9949410.88   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Permian Resources Corp.                | CUSIP: 71424F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    370699 | NS      | $8014512.38   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | CoVista Inc.                           | CUSIP: 00737L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51600 | NS      | $5945352.00   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS INC      | International Seaways, Inc.            | CUSIP: Y41053102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    142000 | NS      | $11778900.00  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Rithm Capital Corp.                    | CUSIP: 64828T201<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    573321 | NS      | $5607079.38   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Otter Tail Corp.                       | CUSIP: 689648103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     91945 | NS      | $8205171.80   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLMAN SOLUTIONS CORP         | Hillman Solutions Corp.                | CUSIP: 431636109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    679197 | NS      | $5542247.52   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| ENACT HOLDINGS INC             | Enact Holdings, Inc.                   | CUSIP: 29249E109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    177080 | NS      | $7566628.40   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDNAX INC                     | MEDNAX Inc                             | CUSIP: 58502B106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    410000 | NS      | $9229100.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSTOMERS BANCOR               | Customers Bancorp, Inc.                | CUSIP: 23204G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115197 | NS      | $8786075.19   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Group 1 Automotive, Inc.               | CUSIP: 398905109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15964 | NS      | $5697072.68   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOL               | Sally Beauty Holdings Inc              | CUSIP: 79546E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    476445 | NS      | $6755990.10   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GR               | CNO Financial Group, Inc.              | CUSIP: 12621E103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    193031 | NS      | $8580227.95   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | DANA INC.                              | CUSIP: 235825205<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    340535 | NS      | $12412500.75  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUT               | United Therapeutics Corp.              | CUSIP: 91307C102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18219 | NS      | $10409425.65  | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Amphastar Pharmaceuticals, Inc.        | CUSIP: 03209R103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    175516 | NS      | $3854331.36   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC                      | Adeia, Inc.                            | CUSIP: 00676P107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    381056 | NS      | $12136633.60  | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Array Technologies Inc                 | CUSIP: 04271T100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    806080 | NS      | $6239059.20   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Clear Secure, Inc                      | CUSIP: 18467V109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146815 | NS      | $7838452.85   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Enova International, Inc.              | CUSIP: 29357K103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     69427 | NS      | $11761628.07  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT                 | Douglas Emmett, Inc.                   | CUSIP: 25960P109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    389116 | NS      | $4206343.96   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Alpha Metallurgical Resources          | CUSIP: 020764106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30000 | NS      | $5593500.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Alight Inc                             | CUSIP: 01626W101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1024703 | NS      | $847839.26    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                        | Halozyme Therapeutics Inc              | CUSIP: 40637H109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     92701 | NS      | $5901345.66   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-29

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer