# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001396092-26-000229
**Filing Date:** 2026-4
**Character Count:** 47155
**Document Hash:** b21353397af67445715b7d9065f1a223
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001396092-26-000229.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001396092-26-000229

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**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:** 26825946

**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:** 2026-01-31

**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:** $945678442.64

**Total Liabilities:** $1681106.03

**Net Assets:** $943997336.61

**Cash Not Reported:** $559338.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000154944 | 2.24%                | -0.20%               | 3.26%                |
| Class ID C000154945 | 2.26%                | -0.13%               | 3.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $19970157.35                               |
| Month 2  | $19959058.77             | $-23249189.80                              |
| Month 3  | $2150378.08              | $28971643.28                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| SCANSOURCE INC                     | ScanSource, Inc.                       | CUSIP: 806037107<br>LEI: N/A | Long             | EC               | CORP              | US        |    115464 | NS      | $4963797.36   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SINCLAIR BROAD-A                   | Sinclair, Inc.                         | CUSIP: 829242106<br>LEI: N/A | Long             | EC               | CORP              | US        |    314556 | NS      | $4564207.56   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| DIAMONDROCK HOSP                   | DiamondRock Hospitality Co.            | CUSIP: 252784301<br>LEI: N/A | Long             | EC               | CORP              | US        |    703104 | NS      | $6454494.72   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| HANCOCK HLDG CO                    | Hancock Whitney Corp.                  | CUSIP: 410120109<br>LEI: N/A | Long             | EC               | CORP              | US        |    118768 | NS      | $8171238.40   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG SYSTEMS INTL                   | CSG Systems International, Inc.        | CUSIP: 126349109<br>LEI: N/A | Long             | EC               | CORP              | US        |    111223 | NS      | $8870034.25   | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLENBRAND INC                    | Hillenbrand, Inc.                      | CUSIP: 431571108<br>LEI: N/A | Long             | EC               | CORP              | US        |    251858 | NS      | $8036788.78   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CALIF WATER SRVC                   | California Water Service Group         | CUSIP: 130788102<br>LEI: N/A | Long             | EC               | CORP              | US        |    123577 | NS      | $5523891.90   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| HURON CONSULTING                   | Huron Consulting Group Inc             | CUSIP: 447462102<br>LEI: N/A | Long             | EC               | CORP              | US        |     45563 | NS      | $7700147.00   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| ACI WORLDWIDE IN                   | ACI Worldwide Inc                      | CUSIP: 004498101<br>LEI: N/A | Long             | EC               | CORP              | US        |    143519 | NS      | $6222983.84   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| EMPIRE STATE REA                   | Empire State Realty Trust              | CUSIP: 292104106<br>LEI: N/A | Long             | EC               | CORP              | US        |    506842 | NS      | $3360362.46   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| ENCORE CAPITAL G                   | Encore Capital Group, Inc.             | CUSIP: 292554102<br>LEI: N/A | Long             | EC               | CORP              | US        |    116179 | NS      | $6413080.80   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| FEDERATED INV-B                    | Federated Hermes, Inc.                 | CUSIP: 314211103<br>LEI: N/A | Long             | EC               | CORP              | US        |    136146 | NS      | $7253858.88   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| COMFORT SYSTEMS                    | Comfort Systems USA Inc                | CUSIP: 199908104<br>LEI: N/A | Long             | EC               | CORP              | US        |     15382 | NS      | $17567782.20  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| COMMERCIAL METAL                   | Commercial Metals Co.                  | CUSIP: 201723103<br>LEI: N/A | Long             | EC               | CORP              | US        |    140523 | NS      | $10802003.01  | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| TANGER FACTORY                     | Tanger Factory Outlet Centers, Inc.    | CUSIP: 875465106<br>LEI: N/A | Long             | EC               | CORP              | US        |    248264 | NS      | $8123198.08   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| GREENBRIER COS                     | Greenbrier Cos., Inc./The              | CUSIP: 393657101<br>LEI: N/A | Long             | EC               | CORP              | US        |    137314 | NS      | $6923371.88   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TAYLOR MORRISO-A                   | Taylor Morrison Home Corp.             | CUSIP: 87724P106<br>LEI: N/A | Long             | EC               | CORP              | US        |    116264 | NS      | $7086290.80   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED THERAPEUT                   | United Therapeutics Corp.              | CUSIP: 91307C102<br>LEI: N/A | Long             | EC               | CORP              | US        |     19993 | NS      | $9386513.57   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| RENT-A-CENTER                      | Upbound Group, Inc.                    | CUSIP: 76009N100<br>LEI: N/A | Long             | EC               | CORP              | US        |    179517 | NS      | $3392871.30   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALIT                   | Ryman Hospitality Properties, Inc.     | CUSIP: 78377T107<br>LEI: N/A | Long             | EC               | CORP              | US        |     57247 | NS      | $5421290.90   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PJT PARTNERS - A                   | PJT Partners Inc                       | CUSIP: 69343T107<br>LEI: N/A | Long             | EC               | CORP              | US        |     44077 | NS      | $7626643.31   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| G III APPAREL                      | G-III Apparel Group Ltd                | CUSIP: 36237H101<br>LEI: N/A | Long             | EC               | CORP              | US        |    164220 | NS      | $4819857.00   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| MATSON INC                         | Matson Inc                             | CUSIP: 57686G105<br>LEI: N/A | Long             | EC               | CORP              | US        |     55802 | NS      | $8945060.60   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDNAX INC                         | MEDNAX Inc                             | CUSIP: 58502B106<br>LEI: N/A | Long             | EC               | CORP              | US        |    410000 | NS      | $8765800.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| HERITAGE INSURAN                   | Heritage Insurance Holdings Inc        | CUSIP: 42727J102<br>LEI: N/A | Long             | EC               | CORP              | US        |    225266 | NS      | $5872684.62   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVATIVE INDUS                   | Innovative Industrial Properties Inc   | CUSIP: 45781V101<br>LEI: N/A | Long             | EC               | CORP              | US        |    120424 | NS      | $5818887.68   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| DOUGLAS EMMETT                     | Douglas Emmett, Inc.                   | CUSIP: 25960P109<br>LEI: N/A | Long             | EC               | CORP              | US        |    389116 | NS      | $4109064.96   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERDIGITAL INC                   | InterDigital, Inc.                     | CUSIP: 45867G101<br>LEI: N/A | Long             | EC               | CORP              | US        |     31766 | NS      | $10369693.04  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| J2 GLOBAL INC                      | Ziff Davis, Inc.                       | CUSIP: 48123V102<br>LEI: N/A | Long             | EC               | CORP              | US        |    181785 | NS      | $6947822.70   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ENSIGN GROUP INC                   | The Ensign Group, Inc.                 | CUSIP: 29358P101<br>LEI: N/A | Long             | EC               | CORP              | US        |     40544 | NS      | $6959783.04   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| K12 INC                            | Stride, Inc.                           | CUSIP: 86333M108<br>LEI: N/A | Long             | EC               | CORP              | US        |     54895 | NS      | $4644117.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KB HOME                            | KB Home                                | CUSIP: 48666K109<br>LEI: N/A | Long             | EC               | CORP              | US        |     81873 | NS      | $4710972.42   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| CNO FINANCIAL GR                   | CNO Financial Group, Inc.              | CUSIP: 12621E103<br>LEI: N/A | Long             | EC               | CORP              | US        |    193031 | NS      | $8116953.55   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| INNOVIVA INC                       | Innoviva, Inc.                         | CUSIP: 45781M101<br>LEI: N/A | Long             | EC               | CORP              | US        |    250000 | NS      | $5000000.00   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Federated Treasury Obligations Fund    | CUSIP: 60934N500<br>LEI: N/A | Long             | STIV             | RF                | US        |   5821251 | NS      | $5821251.37   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Sabra Health Care REIT, Inc.           | CUSIP: 78573L106<br>LEI: N/A | Long             | EC               | CORP              | US        |    362257 | NS      | $6785073.61   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Vistance Networks Inc                  | CUSIP: 20337X109<br>LEI: N/A | Long             | EC               | CORP              | US        |    357959 | NS      | $6443262.00   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN ASSETS                    | American Assets Trust Inc              | CUSIP: 024013104<br>LEI: N/A | Long             | EC               | CORP              | US        |    156119 | NS      | $2819509.14   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| CUSTOMERS BANCOR                   | Customers Bancorp, Inc.                | CUSIP: 23204G100<br>LEI: N/A | Long             | EC               | CORP              | US        |    115197 | NS      | $9102866.94   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | NMI Holdings, Inc. Class A             | CUSIP: 629209305<br>LEI: N/A | Long             | EC               | CORP              | US        |    181202 | NS      | $7016141.44   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Warrior Met Coal, Inc.                 | CUSIP: 93627C101<br>LEI: N/A | Long             | EC               | CORP              | US        |     42548 | NS      | $3799536.40   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| BANCORP INC/THE                    | The Bancorp, Inc.                      | CUSIP: 05969A105<br>LEI: N/A | Long             | EC               | CORP              | US        |    121423 | NS      | $7217383.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | ANI Pharmaceuticals, Inc.              | CUSIP: 00182C103<br>LEI: N/A | Long             | EC               | CORP              | US        |     77956 | NS      | $6380698.60   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Builders FirstSource, Inc.             | CUSIP: 12008R107<br>LEI: N/A | Long             | EC               | CORP              | US        |     44480 | NS      | $5088512.00   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| ON ASSIGNMENT                      | ASGN INC                               | CUSIP: 00191U102<br>LEI: N/A | Long             | EC               | CORP              | US        |    124970 | NS      | $6509687.30   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Pathward Financial, Inc.               | CUSIP: 59100U108<br>LEI: N/A | Long             | EC               | CORP              | US        |     95243 | NS      | $8599490.47   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Preferred Bank                         | CUSIP: 740367404<br>LEI: N/A | Long             | EC               | CORP              | US        |     53757 | NS      | $4610737.89   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Insight Enterprises, Inc.              | CUSIP: 45765U103<br>LEI: N/A | Long             | EC               | CORP              | US        |     50017 | NS      | $4202428.34   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | SkyWest, Inc.                          | CUSIP: 830879102<br>LEI: N/A | Long             | EC               | CORP              | US        |     75409 | NS      | $7278476.68   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Tenet Healthcare Corp.                 | CUSIP: 88033G407<br>LEI: N/A | Long             | EC               | CORP              | US        |     37704 | NS      | $7136613.12   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Enova International, Inc.              | CUSIP: 29357K103<br>LEI: N/A | Long             | EC               | CORP              | US        |     69427 | NS      | $11467257.59  | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Axos Financial, Inc.                   | CUSIP: 05465C100<br>LEI: N/A | Long             | EC               | CORP              | US        |     91451 | NS      | $9052734.49   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Frontdoor, Inc.                        | CUSIP: 35905A109<br>LEI: N/A | Long             | EC               | CORP              | US        |    125304 | NS      | $7406719.44   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | PennyMac Financial Services, Inc.      | CUSIP: 70932M107<br>LEI: N/A | Long             | EC               | CORP              | US        |     52585 | NS      | $5254293.20   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Southwest Gas Holdings, Inc.           | CUSIP: 844895102<br>LEI: N/A | Long             | EC               | CORP              | US        |     81943 | NS      | $6786519.26   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | TXNM Energy Inc                        | CUSIP: 69349H107<br>LEI: N/A | Long             | EC               | CORP              | US        |    126991 | NS      | $7482309.72   | 0.79%             |  |  |  | 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      | $5212349.46   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Navient Corp.                          | CUSIP: 63938C108<br>LEI: N/A | Long             | EC               | CORP              | US        |    458786 | NS      | $4500690.66   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Dorian LPG Ltd.                        | CUSIP: Y2106R110<br>LEI: N/A | Long             | EC               | CORP              | US        |    207272 | NS      | $6120742.16   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | V2X Inc                                | CUSIP: 92242T101<br>LEI: N/A | Long             | EC               | CORP              | US        |    120000 | NS      | $8259600.00   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Option Care Health, Inc.               | CUSIP: 68404L201<br>LEI: N/A | Long             | EC               | CORP              | US        |    200000 | NS      | $6800000.00   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | BRIGHTVIEW HOLDINGS INC,               | CUSIP: 10948C107<br>LEI: N/A | Long             | EC               | CORP              | US        |    366850 | NS      | $4901116.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Newmark Group, Inc.                    | CUSIP: 65158N102<br>LEI: N/A | Long             | EC               | CORP              | US        |    510499 | NS      | $9102197.17   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Rithm Capital Corp.                    | CUSIP: 64828T201<br>LEI: N/A | Long             | EC               | CORP              | US        |    573321 | NS      | $6272131.74   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Group 1 Automotive, Inc.               | CUSIP: 398905109<br>LEI: N/A | Long             | EC               | CORP              | US        |     14811 | NS      | $5246944.86   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | SLM Corp.                              | CUSIP: 78442P106<br>LEI: N/A | Long             | EC               | CORP              | US        |    244540 | NS      | $6639261.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Element Solutions, Inc.                | CUSIP: 28618M106<br>LEI: N/A | Long             | EC               | CORP              | US        |    267802 | NS      | $7793038.20   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Victory Capital Holdings, Inc. Class A | CUSIP: 92645B103<br>LEI: N/A | Long             | EC               | CORP              | US        |    119170 | NS      | $8405060.10   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Patrick Industries, Inc.               | CUSIP: 703343103<br>LEI: N/A | Long             | EC               | CORP              | US        |     76526 | NS      | $9655285.48   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Collegium Pharmaceutical, Inc.         | CUSIP: 19459J104<br>LEI: N/A | Long             | EC               | CORP              | US        |    165208 | NS      | $7586351.36   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Performance Food Group Co.             | CUSIP: 71377A103<br>LEI: N/A | Long             | EC               | CORP              | US        |     84136 | NS      | $8030781.20   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Amphastar Pharmaceuticals, Inc.        | CUSIP: 03209R103<br>LEI: N/A | Long             | EC               | CORP              | US        |    175516 | NS      | $4649418.84   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | SUPERNUS PHARMACEUTICALS INC           | CUSIP: 868459108<br>LEI: N/A | Long             | EC               | CORP              | US        |    167126 | NS      | $8048788.16   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Verra Mobility Corp.                   | CUSIP: 92511U102<br>LEI: N/A | Long             | EC               | CORP              | US        |    233157 | NS      | $4499930.10   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Acadian Asset Management Inc           | CUSIP: 10948W103<br>LEI: N/A | Long             | EC               | CORP              | US        |    131329 | NS      | $7278253.18   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA                    | SM Energy Co.                          | CUSIP: 78454L100<br>LEI: N/A | Long             | EC               | CORP              | US        |    360944 | NS      | $7027584.57   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | ADTALEM GLOBAL EDUCATION INC           | CUSIP: 00737L103<br>LEI: N/A | Long             | EC               | CORP              | US        |     47432 | NS      | $4911583.60   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | DANA INC.                              | CUSIP: 235825205<br>LEI: N/A | Long             | EC               | CORP              | US        |    376417 | NS      | $10878451.30  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | New Jersey Resources Corp.             | CUSIP: 646025106<br>LEI: N/A | Long             | EC               | CORP              | US        |    108080 | NS      | $5347798.40   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Donnelley Financial Solutions          | CUSIP: 25787G100<br>LEI: N/A | Long             | EC               | CORP              | US        |    107832 | NS      | $5580306.00   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Ryerson Holding Corp.                  | CUSIP: 783754104<br>LEI: N/A | Long             | EC               | CORP              | US        |    130222 | NS      | $3674864.84   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | API Group Corp.                        | CUSIP: 00187Y100<br>LEI: N/A | Long             | EC               | CORP              | US        |    205751 | NS      | $8553069.12   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Otter Tail Corp.                       | CUSIP: 689648103<br>LEI: N/A | Long             | EC               | CORP              | US        |     91945 | NS      | $8197816.20   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Consensus Cloud Solutions, Inc.        | CUSIP: 20848V105<br>LEI: N/A | Long             | EC               | CORP              | US        |    128472 | NS      | $2744161.92   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Cars.com, Inc.                         | CUSIP: 14575E105<br>LEI: N/A | Long             | EC               | CORP              | US        |    451024 | NS      | $5123632.64   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Genco Shipping & Trading Ltd.          | CUSIP: Y2685T131<br>LEI: N/A | Long             | EC               | CORP              | US        |    411237 | NS      | $8594853.30   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| SALLY BEAUTY HOL                   | Sally Beauty Holdings Inc              | CUSIP: 79546E104<br>LEI: N/A | Long             | EC               | CORP              | US        |    457929 | NS      | $6969679.38   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | BellRing Brands, Inc.                  | CUSIP: 07831C103<br>LEI: N/A | Long             | EC               | CORP              | US        |    135347 | NS      | $3366079.89   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Prog Holdings, Inc.                    | CUSIP: 74319R101<br>LEI: N/A | Long             | EC               | CORP              | US        |    207497 | NS      | $6731202.68   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | CATALYST PHARMACEUTICALS INC           | CUSIP: 14888U101<br>LEI: N/A | Long             | EC               | CORP              | US        |    266124 | NS      | $6466813.20   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ENACT HOLDINGS INC                 | Enact Holdings, Inc.                   | CUSIP: 29249E109<br>LEI: N/A | Long             | EC               | CORP              | US        |    177080 | NS      | $7042471.60   | 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      | $9650358.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SELECT MED HLDGS CORP              | SELECT MEDICAL HOLDINGS CORP           | CUSIP: 81619Q105<br>LEI: N/A | Long             | EC               | CORP              | US        |    400000 | NS      | $6020000.00   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | OSI Systems, Inc.                      | CUSIP: 671044105<br>LEI: N/A | Long             | EC               | CORP              | US        |     33301 | NS      | $8329912.14   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Weatherford International plc          | CUSIP: G48833118<br>LEI: N/A | Long             | EC               | CORP              | US        |     71785 | NS      | $6753532.80   | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Permian Resources Corp.                | CUSIP: 71424F105<br>LEI: N/A | Long             | EC               | CORP              | US        |    370699 | NS      | $5979374.87   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Green Brick Partners Inc           | Green Brick Partners, Inc.             | CUSIP: 392709101<br>LEI: N/A | Long             | EC               | CORP              | US        |     76371 | NS      | $5299383.69   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| INTERNATIONAL SEAWAYS INC          | International Seaways, Inc.            | CUSIP: Y41053102<br>LEI: N/A | Long             | EC               | CORP              | US        |    144115 | NS      | $8596459.75   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO COML REAL EST FIN INC       | APOLLO COML REAL EST FIN INC           | CUSIP: 03762U105<br>LEI: N/A | Long             | EC               | CORP              | US        |    500000 | NS      | $5405000.00   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| HILLMAN SOLUTIONS CORP             | Hillman Solutions Corp.                | CUSIP: 431636109<br>LEI: N/A | Long             | EC               | CORP              | US        |    679197 | NS      | $6364075.89   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ADEIA INC                          | Adeia, Inc.                            | CUSIP: 00676P107<br>LEI: N/A | Long             | EC               | CORP              | US        |    381056 | NS      | $6893303.04   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| MFA Financial, Inc.                | MFA Financial, Inc.                    | CUSIP: 55272X607<br>LEI: N/A | Long             | EC               | CORP              | US        |    666811 | NS      | $6428058.04   | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| NCR CORP                           | NCR Atleos Corp.                       | CUSIP: 63001N106<br>LEI: N/A | Long             | EC               | CORP              | US        |    198483 | NS      | $7403415.90   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Par Pacific Holdings, Inc.         | Par Pacific Holdings, Inc.             | CUSIP: 69888T207<br>LEI: N/A | Long             | EC               | CORP              | US        |    199126 | NS      | $7515015.24   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| PennyMac Mortgage Investment Trust | PennyMac Mortgage Investment Trust     | CUSIP: 70931T103<br>LEI: N/A | Long             | EC               | CORP              | US        |    498194 | NS      | $5893635.02   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| MAXIMUS, Inc.                      | MAXIMUS, Inc.                          | CUSIP: 577933104<br>LEI: N/A | Long             | EC               | CORP              | US        |     83306 | NS      | $7867418.64   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Halozyme Therapeutics Inc              | CUSIP: 40637H109<br>LEI: N/A | Long             | EC               | CORP              | US        |     92701 | NS      | $6647588.71   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Phinia Inc                             | CUSIP: 71880K101<br>LEI: N/A | Long             | EC               | CORP              | US        |    126083 | NS      | $8973327.11   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Peabody Energy Corp                    | CUSIP: 704551100<br>LEI: N/A | Long             | EC               | CORP              | US        |    262001 | NS      | $9238155.26   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | HCI Group Inc                          | CUSIP: 40416E103<br>LEI: N/A | Long             | EC               | CORP              | US        |     46831 | NS      | $7430674.77   | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Dynex Capital Inc                      | CUSIP: 26817Q886<br>LEI: N/A | Long             | EC               | CORP              | US        |    417651 | NS      | $5796995.88   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Amneal Pharmaceuticals Inc             | CUSIP: 03168L105<br>LEI: N/A | Long             | EC               | CORP              | US        |    606953 | NS      | $8303117.04   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Harmony Biosciences Holdings           | CUSIP: 413197104<br>LEI: N/A | Long             | EC               | CORP              | US        |    127823 | NS      | $4668095.96   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Atmus Filtration Technologie           | CUSIP: 04956D107<br>LEI: N/A | Long             | EC               | CORP              | US        |    138668 | NS      | $8038583.96   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Middlesex Water Co                     | CUSIP: 596680108<br>LEI: N/A | Long             | EC               | CORP              | US        |     78434 | NS      | $4108372.92   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Gulfport Energy Corp                   | CUSIP: 402635502<br>LEI: N/A | Long             | EC               | CORP              | US        |     39494 | NS      | $8063489.98   | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Alight Inc                             | CUSIP: 01626W101<br>LEI: N/A | Long             | EC               | CORP              | US        |   1040000 | NS      | $1591200.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | CarGurus Inc                           | CUSIP: 141788109<br>LEI: N/A | Long             | EC               | CORP              | US        |    212746 | NS      | $6892970.40   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Monarch Casino & Resort Inc            | CUSIP: 609027107<br>LEI: N/A | Long             | EC               | CORP              | US        |     52000 | NS      | $4759560.00   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | F&G Annuities & Life Inc               | CUSIP: 30190A104<br>LEI: N/A | Long             | EC               | CORP              | US        |    113563 | NS      | $3348972.87   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Waystar Holding Corp                   | CUSIP: 946784105<br>LEI: N/A | Long             | EC               | CORP              | US        |    128965 | NS      | $3425310.40   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | ONE Gas Inc                            | CUSIP: 68235P108<br>LEI: N/A | Long             | EC               | CORP              | US        |     82823 | NS      | $6589397.88   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Janus International Group              | CUSIP: 47103N106<br>LEI: N/A | Long             | EC               | CORP              | US        |    769856 | NS      | $5281212.16   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Diebold Nixdorf Inc                    | CUSIP: 253651202<br>LEI: N/A | Long             | EC               | CORP              | US        |    113052 | NS      | $7801718.52   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Apple Hospitality Reit Inc             | CUSIP: 03784Y200<br>LEI: N/A | Long             | EC               | CORP              | US        |    400000 | NS      | $4656000.00   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Penguin Solutions Inc                  | CUSIP: 706915105<br>LEI: N/A | Long             | EC               | CORP              | US        |    257621 | NS      | $4948899.41   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Array Technologies Inc                 | CUSIP: 04271T100<br>LEI: N/A | Long             | EC               | CORP              | US        |    806080 | NS      | $9128856.00   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Sezzle Inc                             | CUSIP: 78435P105<br>LEI: N/A | Long             | EC               | CORP              | US        |     85346 | NS      | $5397281.04   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Applied Fin Ivs US Smid ETF            | CUSIP: 26923W108<br>LEI: N/A | Long             | EC               | RF                | US        |     80000 | NS      | $2139624.00   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | BKV Corporation                        | CUSIP: 05603J108<br>LEI: N/A | Long             | EC               | CORP              | US        |    225987 | NS      | $6723113.25   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Slide Insurance Holdings Inc           | CUSIP: 831349105<br>LEI: N/A | Long             | EC               | CORP              | US        |    379991 | NS      | $6547244.93   | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Brightspring Health Services           | CUSIP: 10950A106<br>LEI: N/A | Long             | EC               | CORP              | US        |    180951 | NS      | $7105945.77   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Pacira Bioscienses Inc                 | CUSIP: 695127100<br>LEI: N/A | Long             | EC               | CORP              | US        |    269955 | NS      | $5544875.70   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Perimeter Solutions Inc                | CUSIP: 71385M107<br>LEI: N/A | Long             | EC               | CORP              | US        |    299006 | NS      | $7819006.90   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                            | Cormedix Inc                           | CUSIP: 21900C308<br>LEI: N/A | Long             | EC               | CORP              | US        |    544221 | NS      | $4223154.96   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR REALTY TRU                   | Arbor Realty Trust, Inc.               | CUSIP: 038923108<br>LEI: N/A | Long             | EC               | CORP              | US        |    634359 | NS      | $4884564.30   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| MURPHY OIL CORP                    | Murphy Oil Corp.                       | CUSIP: 626717102<br>LEI: N/A | Long             | EC               | CORP              | US        |    150012 | NS      | $4513861.08   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTI                   | Armour Residential REIT, Inc.          | CUSIP: 042315705<br>LEI: N/A | Long             | EC               | CORP              | US        |    380850 | NS      | $6626790.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| OLD NATL BANCORP                   | Old National Bancorp                   | CUSIP: 680033107<br>LEI: N/A | Long             | EC               | CORP              | US        |    257113 | NS      | $6281270.59   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| ASBURY AUTO GRP                    | Asbury Automotive Group, Inc.          | CUSIP: 043436104<br>LEI: N/A | Long             | EC               | CORP              | US        |     21000 | NS      | $4924710.00   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| RADIAN GROUP INC                   | Radian Group, Inc.                     | CUSIP: 750236101<br>LEI: N/A | Long             | EC               | CORP              | US        |    221816 | NS      | $7297746.40   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| STERLING CONSTRU                   | Sterling Infrastructure, Inc.          | CUSIP: 859241101<br>LEI: N/A | Long             | EC               | CORP              | US        |     40205 | NS      | $14389771.55  | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-31

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer