# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001396092-26-000309
**Filing Date:** 2026-5
**Character Count:** 30653
**Document Hash:** f49ce1be4c7d641efd3fb056aae638d4
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001396092-26-000309.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001396092-26-000309

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**PERIOD START**: 20261231

**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:** 26977585

**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

### LDR High Income Realty Fund (Series ID: S000046323)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000144756 | Institutional Shares | HLRRX           |
| C000144757 | Platform Shares      | HLPPX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LDR HIGH INCOME REALTY FUND** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Schedule of Investments** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**March 31, 2026 (unaudited)** |  |  |
|  |  | **Shares** | **Value** |
| **98.26%** | **COMMON STOCKS** |  |  |
| **3.49%** | **CONSUMER DISCRETIONARY** |  |  |
|  | Expedia Group, Inc. | 2193 | $506342 |
|  | IQHQ, Inc. REIT | 890864 | 489975 |
|  |  |  | 996317 |
| **24.36%** | **DIVERSIFIED/OTHER** |  |  |
|  | Alexandria Real Estate Equities, Inc. REIT | 5336 | 247697 |
|  | Crown Castle, Inc. REIT | 16156 | 1313644 |
|  | Digital Realty Trust, Inc. REIT | 8085 | 1456998 |
|  | Equinix, Inc. REIT | 2028 | 1987927 |
|  | Vertiv Holdings Co. | 5636 | 1412269 |
|  | Vici Properties, Inc. REIT | 19830 | 541756 |
|  |  |  | 6960291 |
| **3.86%** | **MORTGAGE REIT** |  |  |
|  | Apollo Commercial Real Estate Finance, Inc. REIT | 53713 | 567209 |
|  | PennyMac Mortgage Investment Trust REIT | 46090 | 537409 |
|  |  |  | 1104618 |
| **1.59%** | **HEALTHCARE** |  |  |
|  | Community Healthcare Trust, Inc. REIT | 28540 | 453501 |
| **3.08%** | **INDUSTRIALS** |  |  |
|  | FTAI Aviation Ltd. | 3596 | 881020 |
| **5.95%** | **TELECOMMUNICATION REAL ESTATE** |  |  |
|  | American Tower Corporate REIT | 9844 | 1698878 |
| **53.44%** | **REAL ESTATE** |  |  |
|  | Essex Property Trust, Inc. REIT | 4664 | 1128688 |
|  | Iron Mountain, Inc. REIT | 9400 | 960116 |
|  | Lineage, Inc. REIT | 15054 | 493169 |
|  | The Macerich Co. REIT | 37666 | 711887 |
|  | Omega Healthcare Investors, Inc. REIT | 23233 | 1018070 |
|  | Prologis, Inc. REIT | 18832 | 2489214 |
|  | Public Storage REIT | 5581 | 1511781 |
|  | Realty Income Corp. REIT | 22266 | 1362234 |
|  | Simon Property Group, Inc. REIT | 8746 | 1631391 |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**LDR HIGH INCOME REALTY FUND** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Schedule of Investments** |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**March 31, 2026 (unaudited)** |  |  |
|  | **REAL ESTATE Continued** | **Shares** | **Value** |
|  | SL Green Realty Corp. REIT | 21727 | $802595 |
|  | Ventas, Inc. REIT | 10568 | 864251 |
|  | Welltower, Inc. REIT | 9517 | 1881606 |
|  | Weyerhaeuser Co. REIT | 16811 | 410693 |
|  |  |  | 15265695 |
| **2.49%** | **REAL ESTATE SERVICES** |  |  |
|  | CBRE Group, Inc.<sup>(A)</sup> | 5242 | 710081 |
| **98.26%** | **TOTAL COMMON STOCKS** |  | 28070401 |
|  | (Cost: $38,776,653) |  |  |
| **2.88%** | **PREFERRED STOCKS** |  |  |
| **2.88%** | **UTILITIES** |  |  |
|  | Cadiz, Inc. | 41959 | 822396 |
| **2.88%** | **TOTAL PREFERRED STOCKS** |  | 822396 |
|  | (Cost: $715,173) |  |  |
| **101.14%** | **TOTAL INVESTMENTS** |  | 28892797 |
|  | (Cost: $39,491,826) |  |  |
| **(1.14%)** | Liabilities in excess of other assets |  | (326629) |
| **100.00%** | **NET ASSETS** |  | $**28566168** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(A)</sup>Non-income producing

REIT - Real Estate Investment Trust.

**See Notes to Schedule of Investments.**

**LDR HIGH INCOME REALTY FUND**

**Schedule of Options Written**

**March 31, 2026 (unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **(2.92%) OPTIONS WRITTEN** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Description** | **Number of** | **Notional** | **Exercise** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Description** | **Contracts** | **Amount** | **Price** | **Value** |
| **(2.92%) CALL OPTIONS** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alexandria Real Estate Equities, Inc. | 53 | (246026) | 60 | (1325) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;American Tower Corporate REIT | 98 | (1691284) | 210 | (6370) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CBRE Group, Inc. | 52 | (704392) | 150 | (21060) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Crown Castle, Inc. | 161 | (1309091) | 95 | (10143) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | 80 | (1441680) | 195 | (41200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | 20 | (1960480) | 930 | (170200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essex Property Trust, Inc. | 46 | (1113200) | 270 | (16445) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedia Group, Inc. | 21 | (484869) | 260 | (69405) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FTAI Aviation Ltd. | 35 | (857500) | 310 | (33425) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Iron Mountain, Inc. | 94 | (960116) | 115 | (24910) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lineage, Inc. | 150 | (491400) | 45 | (18750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omega Healthcare Investors, Inc. | 232 | (1016624) | 50 | (6264) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Prologis, Inc. | 188 | (2484984) | 140 | (42864) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Storage | 55 | (1489840) | 310 | (11550) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corp. | 222 | (1358196) | 65 | (19536) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Simon Property Group, Inc. | 87 | (1622811) | 210 | (12876) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SL Green Realty Corp. | 217 | (801598) | 45 | (43400) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Macerich Co. | 376 | (710640) | 22 | (26320) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ventas, Inc. | 105 | (858690) | 92.5 | (14700) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings Co. | 56 | (1403248) | 240 | (204848) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vici Properties, Inc. | 198 | (540936) | 32.5 | (7920) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Welltower, Inc. | 95 | (1878245) | 220 | (25412) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Weyerhaeuser Co. | 168 | (410424) | 29 | (5376) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**TOTAL CALL OPTIONS** |  |  |  | (834299) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Premiums Received: $947,781) |  |  |  |  |
| **(2.92%) TOTAL OPTIONS WRITTEN** |  |  |  | $(834299) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Premiums Received: $947,781) |  |  |  |  |

---

**LDR HIGH INCOME REALTY FUND**

**Schedule of Options Written**

**March 31, 2026 (unaudited)**

In accordance with U.S. GAAP, "fair value" is defined as the price that a Fund would receive upon selling an investment in an orderly transaction to an independent buyer in the principal or most advantageous market for the investment. Various inputs are used

in determining the value of a Fund's investments. U.S. GAAP established a three-tier hierarchy of inputs to establish a classification of fair value measurements for disclosure purposes. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining fair value of investments).

---

| | | | | |
|:---|:---|:---|:---|:---|
| The inputs or methodology used for valuing securities are not necessarily an | The inputs or methodology used for valuing securities are not necessarily an |  |  |  |
| indication of the risk associated with investing in those securities. | indication of the risk associated with investing in those securities. |  |  |  |
| The following summarizes the inputs used to value the Fund's investments as of March 31, 2026: | The following summarizes the inputs used to value the Fund's investments as of March 31, 2026: | The following summarizes the inputs used to value the Fund's investments as of March 31, 2026: |  |  |
|  | Level 1 | Level 2 | Level 3 |  |
|  |  | Other | Significant |  |
|  |  | Significant | Unobservable |  |
|  | Quoted Prices | Observable Inputs | Inputs | Total |
| COMMON STOCKS | $27580426 | $- | $489975 | $28070401 |
| PREFERRED STOCKS | 822396 | - | - | 822396 |
| TOTAL INVESTMENTS | $28402822 | $- | $489975 | $28892797 |
| OPTIONS WRITTEN | - | (834299) | - | (834299) |
| TOTAL SHORT INVESTMENTS | $- | $(834299) | $- | $(834299) |

---

The cost of investments for Federal income tax purposes has been estimated a/o March 31, 2026 since

the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $38,544,045, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation | $3990013 |
| Gross unrealized depreciation | (14475560) |
| Net unrealized appreciation | $(10485547) |

---

## 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:** LDR HIGH INCOME REALTY FUND

- **b. EDGAR series identifier (if any):** S000046323

- **c. LEI of Series:** 5493007BOSPYEMKSSY03

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $29507140.75

**Total Liabilities:** $940972.47

**Net Assets:** $28566168.28

**Cash Not Reported:** $7996.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144757 | 3.45%                | 5.81%                | -3.66%               |
| Class ID C000144756 | 3.53%                | 5.76%                | -3.53%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-854937.51              | $1848513.39                                |
| Month 2  | $398203.59               | $1843927.93                                |
| Month 3  | $220394.32               | $-2096720.82                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CROWN CASTLE INT                      | Crown Castle, Inc.                       | CUSIP: 22822V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16156 | NS      | $1313644.36   | 4.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group, Inc.                   | CALL Expedia Group, Inc. 01/15/2027 C260 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -21 | NS      | $-69405.00    | -0.24%            |  |  |  | No            |                  2 | On Loan: No      |
| Iron Mountain Inc.                    | CALL Iron Mountain Inc. 06/18/2026 C115  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -94 | NS      | $-24910.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| WEYERHAEUSER CO                       | Weyerhaeuser Co.                         | CUSIP: 962166104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16811 | NS      | $410692.73    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                         | CALL Equinix, Inc. 06/18/2026 C930       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -20 | NS      | $-170200.00   | -0.60%            |  |  |  | No            |                  2 | On Loan: No      |
| ESSEX PROPERTY                        | Essex Property Trust, Inc.               | CUSIP: 297178105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4664 | NS      | $1128688.00   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group, Inc.                      | CALL CBRE Group, Inc 06/18/2026 C150     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -52 | NS      | $-21060.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Default                               | IQHQ Inc.                                | CUSIP: 44988Q106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    890864 | NS      | $489975.20    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle, Inc.                    | CALL Crown Castle, Inc. 06/18/26 C95     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -161 | NS      | $-10143.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Alexandria Real Estate Equities, Inc. | CALL Alexandria Real Esta 04/17/2026 C60 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -53 | NS      | $-1325.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Default                               | Lineage, Inc                             | CUSIP: 53566V106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15054 | NS      | $493169.04    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp.                   | CALL Realty Income Corp. 06/18/2026 C65  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -222 | NS      | $-19536.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| Simon Property Group, Inc.            | CALL Simon Property Group, 06/18/26 C210 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -87 | NS      | $-12876.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| PennyMac Mortgage Investment Trust    | PennyMac Mortgage Investment Trust       | CUSIP: 70931T103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46090 | NS      | $537409.40    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC-A                      | CBRE Group, Inc.                         | CUSIP: 12504L109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5242 | NS      | $710081.32    | 2.49%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp.                 | SL Green Realty Corp.                    | CUSIP: 78440X887<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21727 | NS      | $802595.38    | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Welltower Inc                         | CALL Welltower Inc 06/18/2026 C220       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -95 | NS      | $-25412.50    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Default                               | Iron Mountain Inc.                       | CUSIP: 46284V101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9400 | NS      | $960116.00    | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Community Healthcare Trust               | CUSIP: 20369C106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28540 | NS      | $453500.60    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | FTAI Aviation Ltd                        | CUSIP: G3730V105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3596 | NS      | $881020.00    | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER C                      | American Tower Corporate REIT            | CUSIP: 03027X100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9844 | NS      | $1698877.52   | 5.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | VICI Properties                          | CUSIP: 925652109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19830 | NS      | $541755.60    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY                        | Simon Property Group, Inc.               | CUSIP: 828806109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8746 | NS      | $1631391.38   | 5.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust, Inc.            | CALL Dig. Realty Trust,Inc.06/18/26 C195 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -80 | NS      | $-41200.00    | -0.14%            |  |  |  | No            |                  2 | On Loan: No      |
| Vertiv Holdings Co                    | CALL Vertiv Holdings Co 19/06/2026 240   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -56 | NS      | $-204848.00   | -0.72%            |  |  |  | No            |                  2 | On Loan: No      |
| Default                               | Welltower Inc                            | CUSIP: 95040Q104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9517 | NS      | $1881606.07   | 6.59%             |  |  |  | No            |                  1 | On Loan: No      |
| FTAI Aviation Ltd                     | CALL FTAI Aviation Ltd 06/18/2026 C310   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -35 | NS      | $-33425.00    | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Omega Healthcare Investors, Inc.      | CALL Omega Healthcare Inv. 06/18/26  C50 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -232 | NS      | $-6264.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corporate REIT         | CALL American Tower Corp. 06/18/26 C210  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -98 | NS      | $-6370.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| VICI Properties                       | CALL VICI Properties 16/01/2027 32.5     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -198 | NS      | $-7920.00     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| PROLOGIS INC                          | Prologis, Inc.                           | CUSIP: 74340W103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18832 | NS      | $2489213.76   | 8.71%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDRIA REAL                       | Alexandria Real Estate Equities, Inc.    | CUSIP: 015271109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5336 | NS      | $247697.12    | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| VENTAS INC                            | Ventas, Inc.                             | CUSIP: 92276F100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10568 | NS      | $864251.04    | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                          | CALL Ventas, Inc. 08/21/2026 C92.5       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -105 | NS      | $-14700.00    | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Expedia, Inc.                         | Expedia Group, Inc.                      | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |      2193 | NS      | $506341.77    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis, Inc.                        | CALL Prologis, Inc. 05/15/2026 C140      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -188 | NS      | $-42864.00    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| SL Green Realty Corp.                 | CALL SL Green Realty Corp 08/21/2026 C45 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -217 | NS      | $-43400.00    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Weyerhaeuser Co.                      | CALL Weyerhaeuser Co. 07/17/2026 C29     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -168 | NS      | $-5376.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MACERICH CO                           | The Macerich Co.                         | CUSIP: 554382101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     37666 | NS      | $711887.40    | 2.49%             |  |  |  | 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        |     53713 | NS      | $567209.28    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Lineage, Inc                          | CALL Lineage, Inc 07/17/2026 C45         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -150 | NS      | $-18750.00    | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| DIGITAL REALTY                        | Digital Realty Trust, Inc.               | CUSIP: 253868103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8085 | NS      | $1456997.85   | 5.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Money Market Fiduciary                   | CUSIP: SF8888627<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    281182 | NS      | $281182.28    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| OMEGA HEALTHCARE                      | Omega Healthcare Investors, Inc.         | CUSIP: 681936100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     23233 | NS      | $1018070.06   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Essex Property Trust, Inc.            | CALL Essex Property Trust 07/17/26 C270  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -46 | NS      | $-16445.00    | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Default                               | CADIZ INC SERIES A                       | CUSIP: 127537306<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     41959 | NS      | $822396.40    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME                         | Realty Income Corp.                      | CUSIP: 756109104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     22266 | NS      | $1362233.88   | 4.77%             |  |  |  | No            |                  1 | On Loan: No      |
| The Macerich Co.                      | CALL The Macerich Co 09/18/2026 C22      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -376 | NS      | $-26320.00    | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Public Storage                        | CALL Public Storage 06/18//2026 C310     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -55 | NS      | $-11550.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC STORAGE                        | Public Storage                           | CUSIP: 74460D109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5581 | NS      | $1511781.28   | 5.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Equinix, Inc.                            | CUSIP: 29444U700<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2028 | NS      | $1987926.72   | 6.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Vertiv Holdings Co                       | CUSIP: 92537N108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5636 | NS      | $1412268.88   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-08

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer