# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-23-057106
**Filing Date:** 2023-3
**Character Count:** 51850
**Document Hash:** bbf2a07d0fd6fc5da70dba72b2cd7261
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-057106.hdr.sgml**: 20230315

**ACCESSION NUMBER**: 0001752724-23-057106

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230315

**DATE AS OF CHANGE**: 20230315

**PERIOD START**: 20231031

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22172
- **FILM NUMBER:** 23734328

**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

### CBOE Vest S&P 500 Dividend Aristocrats Target Income Fund (Series ID: S000058211)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000190839 | Class A Shares             | KNGAX           |
| C000190840 | Class C Shares             | KNGCX           |
| C000190841 | Investor Class Shares      | KNGLX           |
| C000190842 | Institutional Class Shares | KNGIX           |
| C000195360 | Class Y Shares             | KNGYX           |

## Nport-Ex

**CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND**

---

| | | | |
|:---|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** |
|  |  | **Shares** | **Fair Value** |
| 99.22% | COMMON STOCKS |  |  |
| 2.97% | BEVERAGES |  |  |
|  | Brown-Forman Corp. - Class B . . . . . | 17278 | $1150369 |
|  | The Coca-Cola Co.(B) . . . . . . . . . . | 19349 | 1186481 |
|  |  |  | 2336850 |
| 7.51% | CONSUMER DISCRETIONARY |  |  |
|  | Genuine Parts Co. . . . . . . . . . . . | 6531 | 1096032 |
|  | Lowe's Cos., Inc.(B) . . . . . . . . . . . | 5937 | 1236380 |
|  | McDonald's Corp.(B) . . . . . . . . . . . | 4363 | 1166666 |
|  | Target Corp.(B) . . . . . . . . . . . . . | 6884 | 1185012 |
|  | VF Corp.(B) . . . . . . . . . . . . . . . | 39983 | 1237074 |
|  |  |  | 5921164 |
| 2.95% | ENERGY |  |  |
|  | Chevron Corp.(B) . . . . . . . . . . . . | 6434 | 1119645 |
|  | Exxon Mobil Corp.(B) . . . . . . . . . . | 10450 | 1212304 |
|  |  |  | 2331949 |
| 11.45% | FINANCIAL |  |  |
|  | Aflac, Inc.(B) . . . . . . . . . . . . . . | 18001 | 1323073 |
|  | Brown & Brown, Inc. . . . . . . . . . . | 17659 | 1034111 |
|  | Chubb Ltd. . . . . . . . . . . . . . . | 5477 | 1245963 |
|  | Cincinnati Financial Corp. . . . . . . . . | 11177 | 1264678 |
|  | Franklin Resources, Inc. . . . . . . . . . | 48813 | 1522966 |
|  | S&P Global, Inc.(B) . . . . . . . . . . . | 3708 | 1390278 |
|  | T. Rowe Price Group, Inc.(B) . . . . . . . | 10670 | 1242735 |
|  |  |  | 9023804 |
| 10.02% | FOOD & STAPLE RETAILING |  |  |
|  | Archer-Daniels-Midland Co.(B) . . . . . . | 12477 | 1033719 |
|  | Hormel Foods Corp.(B) . . . . . . . . . | 24672 | 1117888 |
|  | McCormick & Co., Inc. . . . . . . . . . | 14952 | 1123194 |
|  | Sysco Corp.(B) . . . . . . . . . . . . . | 13666 | 1058568 |
|  | The Procter & Gamble Co.(B) . . . . . . . | 8610 | 1225892 |
|  | Walgreens Boots Alliance, Inc.(B) . . . . . | 32111 | 1183611 |
|  | Walmart, Inc.(B) . . . . . . . . . . . . . | 7990 | 1149521 |
|  |  |  | 7892393 |

---

**1**

QUARTERLY REPORT

**CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND**

---

| | | | |
|:---|:---|:---|:---|
| **Schedule of Investments - continued** | **Schedule of Investments - continued** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** |
|  |  | **Shares** | **Fair Value** |
| 10.39% | HEALTH CARE |  |  |
|  | Abbott Laboratories(B) . . . . . . . . . . | 11333 | $1252863 |
|  | AbbVie, Inc.(B) . . . . . . . . . . . . . | 7382 | 1090691 |
|  | Becton, Dickinson and Co.(B) . . . . . . . | 4946 | 1247480 |
|  | Cardinal Health, Inc.(B) . . . . . . . . . . | 15094 | 1166012 |
|  | Johnson & Johnson(B) . . . . . . . . . . | 6515 | 1064681 |
|  | Medtronic PLC(B) . . . . . . . . . . . . | 13280 | 1111403 |
|  | West Pharmaceutical Services, Inc. . . . . | 4708 | 1250445 |
|  |  |  | 8183575 |
| 7.43% | HOUSEHOLD PRODUCTS |  |  |
|  | Church & Dwight Co., Inc. . . . . . . . . | 15019 | 1214436 |
|  | Colgate-Palmolive Co. . . . . . . . . . | 15467 | 1152756 |
|  | Kimberly-Clark Corp.(B) . . . . . . . . . | 9614 | 1249916 |
|  | PepsiCo, Inc.(B) . . . . . . . . . . . . . | 6269 | 1072124 |
|  | The Clorox Co.(B) . . . . . . . . . . . . | 8040 | 1163308 |
|  |  |  | 5852540 |
| 21.33% | INDUSTRIAL |  |  |
|  | 3M Co.(B) . . . . . . . . . . . . . . . | 9410 | 1082903 |
|  | A.O. Smith Corp. . . . . . . . . . . . . | 21928 | 1484526 |
|  | Caterpillar, Inc.(B) . . . . . . . . . . . . | 5823 | 1469085 |
|  | Cintas Corp. . . . . . . . . . . . . . . | 2741 | 1216291 |
|  | Dover Corp. . . . . . . . . . . . . . . | 8830 | 1340659 |
|  | Emerson Electric Co.(B) . . . . . . . . . | 13278 | 1197941 |
|  | Expeditors International of Washington, Inc. . | 11898 | 1286769 |
|  | General Dynamics Corp.(B) . . . . . . . . | 4569 | 1064851 |
|  | Illinois Tool Works, Inc. . . . . . . . . . | 5548 | 1309550 |
|  | Pentair PLC . . . . . . . . . . . . . . | 27315 | 1512705 |
|  | Roper Technologies, Inc. . . . . . . . . | 2988 | 1275129 |
|  | Stanley Black & Decker, Inc. . . . . . . . | 14668 | 1309999 |
|  | W.W. Grainger, Inc. . . . . . . . . . . . | 2121 | 1250287 |
|  |  |  | 16800695 |
| 2.78% | INFORMATION TECHNOLOGY |  |  |
|  | Automatic Data Processing, Inc. . . . . . | 4702 | 1061759 |
|  | International Business Machines Corp.(B) . | 8395 | 1131058 |
|  |  |  | 2192817 |

---

**2**

QUARTERLY REPORT

**CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND**

---

| | | | |
|:---|:---|:---|:---|
| **Schedule of Investments - continued** | **Schedule of Investments - continued** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** |
|  |  | **Shares** | **Fair Value** |
| 12.99% | MATERIALS |  |  |
|  | Air Products & Chemicals, Inc. . . . . . . | 4567 | $1463769 |
|  | Albemarle Corp. . . . . . . . . . . . . | 4117 | 1158730 |
|  | Amcor PLC . . . . . . . . . . . . . . | 98577 | 1188839 |
|  | Ecolab, Inc. . . . . . . . . . . . . . . | 7505 | 1161999 |
|  | Linde PLC . . . . . . . . . . . . . . . | 4005 | 1325415 |
|  | Nucor Corp.(B) . . . . . . . . . . . . . | 8267 | 1397288 |
|  | PPG Industries, Inc.(B) . . . . . . . . . . | 9950 | 1296883 |
|  | The Sherwin-Williams Co. . . . . . . . . | 5241 | 1239968 |
|  |  |  | 10232891 |
| 4.73% | REAL ESTATE |  |  |
|  | Essex Property Trust, Inc. . . . . . . . . | 4893 | 1106161 |
|  | Federal Realty Investment Trust . . . . . | 11991 | 1337356 |
|  | Realty Income Corp. . . . . . . . . . . | 18877 | 1280427 |
|  |  |  | 3723944 |
| 4.67% | UTILITIES |  |  |
|  | Atmos Energy Corp. . . . . . . . . . . | 10991 | 1291882 |
|  | Consolidated Edison, Inc. . . . . . . . . | 13153 | 1253612 |
|  | NextEra Energy, Inc. . . . . . . . . . . | 15201 | 1134451 |
|  |  |  | 3679945 |
| 99.22% | TOTAL COMMON STOCKS . . . . . . . . . . . . . . | TOTAL COMMON STOCKS . . . . . . . . . . . . . . | 78172567 |
| 0.76% | MONEY MARKET FUNDS |  |  |
|  | Federated Treasury Obligations Fund |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Institutional Class 4.19%(A) . . . . . . . | 602429 | 602429 |
| 99.98% | TOTAL INVESTMENTS . . . . . . . . . . . . . . . . | TOTAL INVESTMENTS . . . . . . . . . . . . . . . . | 78774996 |
| 0.02% | Liabilities, in excess of other assets . . . . . . . . . . . . . . . . . . . . . . | Liabilities, in excess of other assets . . . . . . . . . . . . . . . . . . . . . . | 6029 |
| 100.00% | NET ASSETS . . . . . . . . . . . . . . . . . . . . . | NET ASSETS . . . . . . . . . . . . . . . . . . . . . | $<u>78781025</u> |

---

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

(B)All or a portion of securities are held as collateral for options written on January 31, 2023, the value of securities held as collateral was $6,052,602.

**3**

QUARTERLY REPORT

**CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Schedule of Investments - continued** | **Schedule of Investments - continued** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** |
| **(0.05%) OPTIONS WRITTEN** |  |  |  |  |  |
|  | **Number** |  |  |  |  |
|  | **of** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional** | **Exercise** | **Expiration** |  |
| **Description** | **Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | **Price** | &nbsp;&nbsp;&nbsp;&nbsp;**Date** | **Value** |
| CALL OPTIONS |  |  |  |  |  |
| Abbott Laboratories . | 8 | $(88440) | 110.00 | 02/04/23 | $(1216) |
| Abbvie, Inc. . . . . . | 7 | (103425) | 147.00 | 02/04/23 | (1253) |
| Aflac, Inc. . . . . . | 13 | (95550) | 73.00 | 02/04/23 | (1794) |
| Archer-Daniels- |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Midland Co. . . . | 10 | (82850) | 84.00 | 02/04/23 | (450) |
| Automatic Data |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Processing, Inc. . . | 4 | (90324) | 222.50 | 02/04/23 | (1880) |
| Becton, Dickinson |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;and Co. . . . . . | 3 | (75666) | 252.50 | 02/04/23 | (1380) |
| Cardinal Health, Inc. . | 6 | (46350) | 77.00 | 02/04/23 | (1278) |
| Caterpillar, Inc. . . . | 2 | (50458) | 265.00 | 02/04/23 | (50) |
| Chevron Corp. . . . | 4 | (69608) | 180.00 | 02/04/23 | (116) |
| The Clorox Co. . . . | 3 | (43407) | 141.00 | 02/04/23 | (1755) |
| The Coca-Cola Co. . | 33 | (202356) | 61.00 | 02/04/23 | (2211) |
| Emerson Electric Co. . | 11 | (99242) | 90.00 | 02/04/23 | (1375) |
| Exxon Mobile Corp. . | 5 | (58005) | 116.00 | 02/04/23 | (710) |
| General Dynamics |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Corp. . . . . . . | 4 | (93224) | 227.50 | 02/04/23 | (2500) |
| Hormel Foods Corp. . | 31 | (140461) | 45.00 | 02/04/23 | (1860) |
| IBM . . . . . . . . | 7 | (94311) | 135.00 | 02/04/23 | (798) |
| Illinois Tool |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Works, Inc. . . . . | 4 | (94416) | 232.50 | 02/04/23 | (2480) |
| Johnson & Johnson . | 5 | (81710) | 167.50 | 02/04/23 | (55) |
| Kimberly-Clark Corp. . | 9 | (117009) | 129.00 | 02/04/23 | (1593) |
| Lowes Corp. . . . . | 3 | (62475) | 202.50 | 02/04/23 | (2064) |
| McDonald's Corp. . . | 2 | (53480) | 272.50 | 02/04/23 | (160) |
| Medtronic Plc. . . . | 11 | (92059) | 83.00 | 02/04/23 | (1573) |
| 3M Co. . . . . . . . | 7 | (80556) | 116.00 | 02/04/23 | (616) |
| Nucor Corp. . . . . | 4 | (67608) | 167.50 | 02/04/23 | (1440) |
| PepsiCo., Inc. . . . . | 6 | (102612) | 170.00 | 02/04/23 | (1182) |
| PPG Industries, Inc. . | 7 | (91238) | 128.00 | 02/04/23 | (2310) |
| The Procter & |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Gamble Co. . . . | 8 | (113904) | 141.00 | 02/04/23 | (1608) |
|  |  | **4** |  |  |  |

---

QUARTERLY REPORT

**CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Schedule of Investments - continued** | **Schedule of Investments - continued** | **Schedule of Investments - continued** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**January 31, 2023 (unaudited)** |
|  |  | **Number** |  |  |  |  |
|  |  | **of** | &nbsp;&nbsp;&nbsp;&nbsp;**Notional** | **Exercise** | **Expiration** |  |
|  | **Description** | **Contracts** | &nbsp;&nbsp;&nbsp;&nbsp;**Amount** | **Price** | &nbsp;&nbsp;&nbsp;&nbsp;**Date** | **Value** |
|  | S&P Global, Inc. . . . | 3 | $(112482) | $375.00 | 02/04/23 | $(1410) |
|  | Sysco Corp. . . . . | 6 | (46476) | 78.00 | 02/04/23 | (342) |
|  | T. Rowe Price Group . | 7 | (81529) | 117.00 | 02/04/23 | (1085) |
|  | Target Corp. . . . . | 5 | (86070) | 170.00 | 02/04/23 | (1800) |
|  | VF Corp. . . . . . . | 24 | (74256) | 31.00 | 02/04/23 | (1272) |
|  | Walgreens Boots . . | 28 | (103208) | 37.50 | 02/04/23 | (532) |
|  | Walmart, Inc. . . . . | 8 | (115096) | 144.00 | 02/04/23 | (936) |
| (0.05%) | TOTAL CALL OPTIONS WRITTEN . . . . . | TOTAL CALL OPTIONS WRITTEN . . . . . | TOTAL CALL OPTIONS WRITTEN . . . . . | . . . . . . . . . . | . . . . . . . . . . |  |
| (0.05%) | TOTAL CALL OPTIONS WRITTEN . . . . . | TOTAL CALL OPTIONS WRITTEN . . . . . | TOTAL CALL OPTIONS WRITTEN . . . . . | . . . . . . . . . . | . . . . . . . . . . | (43084) |
| (0.05%) | TOTAL OPTIONS WRITTEN . . | TOTAL OPTIONS WRITTEN . . | . . . . . . | . . . . . . . . . | . . . . . . . . . | $<u>(43084</u>) |

---

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | |
|  | <br>**Quoted Prices** | **Other**<br>**Significant**<br>**Observable**<br>**Inputs** | <br>**Significant**<br>**Unobservable**<br>**Inputs** | <br>&nbsp;&nbsp;&nbsp;&nbsp;**Total** |
| COMMON STOCKS . . . . | $78172567 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $78172567 |
| MONEY MARKET FUNDS . | 602429 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | 602429 |
| TOTAL INVESTMENTS . . . | $78774996 | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $78774996 |
| OPTIONS WRITTEN . . . . |  |  |  |  |
| OPTIONS WRITTEN . . . . | $— | $(43084) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $(43084) |
|  | **5** |  |  |  |

---

QUARTERLY REPORT

**CBOE VEST S&P 500® DIVIDEND ARISTOCRATS TARGET INCOME FUND**

---

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

---

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

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

At January 31, 2023 the cost of investments for Federal income tax purposes has been estimated since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $58,960,136 and the related tax-based net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation . . . . | $20668832 |
| Gross unrealized depreciation . . . . | (897056) |
| Net unrealized appreciation . . . . . | <u>$19771776</u> |

---

**6**

QUARTERLY REPORT

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

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

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

- **a. Name of Series:** Cboe Vest S&P 500 Dividend Aristocrats Target Income Fund

- **b. EDGAR series identifier (if any):** S000058211

- **c. LEI of Series:** 549300NAJJ71O0PQDT80

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

- **a. Date of fiscal year-end:** 2023-10-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $78923239.04

**Total Liabilities:** $142214.08

**Net Assets:** $78781024.96

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000190839 | 6.97%                | -4.08%               | 3.14%                |
| Class ID C000190840 | 6.89%                | -4.17%               | 3.08%                |
| Class ID C000190842 | 6.98%                | -4.06%               | 3.13%                |
| Class ID C000190841 | 6.97%                | -4.09%               | 3.06%                |
| Class ID C000195360 | 6.98%                | -4.08%               | 3.21%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $734199.66               | $3826075.54                                |
| Month 2  | $12022.11                | $-3143310.19                               |
| Month 3  | $-381822.56              | $2587974.57                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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                  | Linde PLC                                               | CUSIP: G5494J103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4005 | NS      | $1325414.70   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                | CALL AFLAC INC 02/03/2023 C73                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -13 | NS      | $-1794.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ARCHER-DANIELS           | Archer-Daniels-Midland Co.                              | CUSIP: 039483102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     12477 | NS      | $1033719.45   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP              | Target Corp.                                            | CUSIP: 87612E106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6884 | NS      | $1185011.76   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Cintas Corp.                                            | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2741 | NS      | $1216291.34   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP              | CALL TARGET CORP 02/03/2023 C170                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -5 | NS      | $-1800.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| KIMBERLY-CLARK           | CALL KIMBERLY-CLARK 02/03/2023 C129                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -9 | NS      | $-1593.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ILLINOIS TOOL WO         | Illinois Tool Works Inc.                                | CUSIP: 452308109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5548 | NS      | $1309549.92   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| CONS EDISON INC          | Consolidated Edison, Inc.                               | CUSIP: 209115104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13153 | NS      | $1253612.43   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP               | CALL NUCOR CORP 02/03/2023 C167.5                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -4 | NS      | $-1440.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| VF CORP                  | CALL VF CORP 02/03/2023 C31                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -24 | NS      | $-1272.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BECTON DICKINSON         | Becton, Dickinson and Co.                               | CUSIP: 075887109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4946 | NS      | $1247480.12   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC              | CALL PEPSICO INC 02/03/2023 C170                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NS      | $-1182.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CATERPILLAR INC          | Caterpillar Inc.                                        | CUSIP: 149123101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5823 | NS      | $1469084.67   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH          | CALL CARDINAL HEALTH 02/03/2023 C77                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NS      | $-1278.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ALBEMARLE CORP           | Albemarle Corp.                                         | CUSIP: 012653101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4117 | NS      | $1158729.65   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Expeditors International of Washington, Inc.            | CUSIP: 302130109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11898 | NS      | $1286768.70   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| VF CORP                  | VF Corp.                                                | CUSIP: 918204108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39983 | NS      | $1237074.02   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE         | Coca-Cola Co./The                                       | CUSIP: 191216100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19349 | NS      | $1186480.68   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | W.W. Grainger, Inc.                                     | CUSIP: 384802104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2121 | NS      | $1250287.08   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP               | Nucor Corp.                                             | CUSIP: 670346105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8267 | NS      | $1397288.34   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC           | Lowe's Cos., Inc.                                       | CUSIP: 548661107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5937 | NS      | $1236380.25   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY           | Essex Property Trust, Inc.                              | CUSIP: 297178105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4893 | NS      | $1106160.51   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK &          | Stanley Black & Decker, Inc.                            | CUSIP: 854502101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14668 | NS      | $1309999.08   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | A.O. Smith Corp.                                        | CUSIP: 831865209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     21928 | NS      | $1484525.60   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M CO                    | CALL 3M CO 02/03/2023 C116                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -7 | NS      | $-616.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS          | CALL WALGREENS BOOTS 02/03/2023 C144                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -28 | NS      | $-532.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBOTT LABS              | CALL ABBOTT LABS 02/03/2023 C110                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -8 | NS      | $-1216.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| MCDONALDS CORP           | McDonald's Corp.                                        | CUSIP: 580135101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4363 | NS      | $1166666.20   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| FED REALTY INVS          | Federal Realty Investment Trust                         | CUSIP: 313745101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11991 | NS      | $1337356.23   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC            | Medtronic PLC                                           | CUSIP: G5960L103<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     13280 | NS      | $1111403.20   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| WALGREENS BOOTS          | Walgreens Boots Alliance, Inc.                          | CUSIP: 931427108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32111 | NS      | $1183611.46   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| NEXTERA ENERGY           | NextEra Energy Inc                                      | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15201 | NS      | $1134450.63   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group, Inc. | T. Rowe Price Group, Inc.                               | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     10670 | NS      | $1242734.90   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALDS CORP           | CALL MCDONALDS CORP 02/03/2023 C272.5                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -2 | NS      | $-160.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PEPSICO INC              | PepsiCo, Inc.                                           | CUSIP: 713448108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6269 | NS      | $1072124.38   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORP               | Dover Corp.                                             | CUSIP: 260003108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8830 | NS      | $1340658.90   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA           | Automatic Data Processing, Inc.                         | CUSIP: 053015103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4702 | NS      | $1061758.62   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ROPER TECHNOLOGI         | Roper Technologies, Inc.                                | CUSIP: 776696106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2988 | NS      | $1275129.00   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Cincinnati Financial Corp.                              | CUSIP: 172062101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11177 | NS      | $1264677.55   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP         | CALL EXXON MOBIL CORP 02/03/2023 C116                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -5 | NS      | $-710.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EXXON MOBIL CORP         | Exxon Mobil Corp.                                       | CUSIP: 30231G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10450 | NS      | $1212304.50   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH          | Cardinal Health, Inc.                                   | CUSIP: 14149Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15094 | NS      | $1166011.50   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC           | CALL LOWE'S COS INC 02/03/2023 C202.5                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -3 | NS      | $-2064.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P GLOBAL INC           | S&P Global Inc.                                         | CUSIP: 78409V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3708 | NS      | $1390277.52   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT          | Church & Dwight Co., Inc.                               | CUSIP: 171340102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15019 | NS      | $1214436.34   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST PHARMACEUT          | West Pharmaceutical Services Inc                        | CUSIP: 955306105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4708 | NS      | $1250444.80   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDS INC             | CALL PPG INDS INC 02/03/2023 C128                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -7 | NS      | $-2310.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| COCA-COLA CO/THE         | CALL COCA-COLA CO/THE 02/03/2023 C61                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -33 | NS      | $-2211.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Default                  | Chubb Ltd.                                              | CUSIP: H1467J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5477 | NS      | $1245962.73   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC               | CALL ABBVIE INC 02/03/2023 C147                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -7 | NS      | $-1253.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AUTOMATIC DATA           | CALL AUTOMATIC DATA 02/03/2023 C222.5                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -4 | NS      | $-1880.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP             | Chevron Corp.                                           | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6434 | NS      | $1119644.68   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| HORMEL FOODS CORP        | CALL HORMEL FOODS CORP 02/03/2023 C45                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -31 | NS      | $-1860.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AIR PRODS & CHEM         | Air Products & Chemicals, Inc.                          | CUSIP: 009158106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4567 | NS      | $1463769.17   | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | McCormick & Co., Inc.                                   | CUSIP: 579780206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     14952 | NS      | $1123194.24   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RES INC         | Franklin Resources, Inc.                                | CUSIP: 354613101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     48813 | NS      | $1522965.60   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDS INC             | PPG Industries, Inc.                                    | CUSIP: 693506107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9950 | NS      | $1296883.00   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Hormel Foods Corp.                                      | CUSIP: 440452100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24672 | NS      | $1117888.32   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS         | General Dynamics Corp.                                  | CUSIP: 369550108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4569 | NS      | $1064851.14   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS           | CALL ARCHER-DANIELS 02/03/2023 C84                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -10 | NS      | $-450.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ILLINOIS TOOL WO         | CALL ILLINOIS TOOL WO 02/03/2023 C232.5                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -4 | NS      | $-2480.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO         | Genuine Parts Co.                                       | CUSIP: 372460105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6531 | NS      | $1096032.42   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE         | CALL PROCTER & GAMBLE 02/03/2023 C141                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -8 | NS      | $-1608.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ABBOTT LABS              | Abbott Laboratories                                     | CUSIP: 002824100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11333 | NS      | $1252863.15   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK           | Kimberly-Clark Corp.                                    | CUSIP: 494368103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9614 | NS      | $1249916.14   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC            | CALL MEDTRONIC PLC 02/03/2023 C83                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -11 | NS      | $-1573.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JOHNSON&JOHNSON          | CALL JOHNSON&JOHNSON 02/03/2023 C167.5                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -5 | NS      | $-55.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EMERSON ELEC CO          | CALL EMERSON ELEC CO 02/03/2023 C90                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -11 | NS      | $-1375.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| EMERSON ELEC CO          | Emerson Electric Co.                                    | CUSIP: 291011104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13278 | NS      | $1197941.16   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                      | CALL IBM 02/03/2023 C135                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -7 | NS      | $-798.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| IBM                      | International Business Machines Corp.                   | CUSIP: 459200101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8395 | NS      | $1131058.35   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Amcor PLC                                               | CUSIP: G0250X107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     98577 | NS      | $1188838.62   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| CLOROX COMPANY           | CALL CLOROX COMPANY 02/03/2023 C141                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -3 | NS      | $-1755.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| 3M CO                    | 3M Co.                                                  | CUSIP: 88579Y101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9410 | NS      | $1082902.80   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | BROWN & BROWN INC                                       | CUSIP: 115236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17659 | NS      | $1034111.04   | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                | Aflac Inc.                                              | CUSIP: 001055102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18001 | NS      | $1323073.50   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Pentair PLC                                             | CUSIP: G7S00T104<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     27315 | NS      | $1512704.70   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS         | CALL GENERAL DYNAMICS 02/03/2023 C227.5                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -4 | NS      | $-2500.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| REALTY INCOME            | Realty Income Corp.                                     | CUSIP: 756109104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     18877 | NS      | $1280426.91   | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIV         | Colgate-Palmolive Co.                                   | CUSIP: 194162103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     15467 | NS      | $1152755.51   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC               | AbbVie Inc.                                             | CUSIP: 00287Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7382 | NS      | $1090690.50   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP               | Sysco Corp.                                             | CUSIP: 871829107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13666 | NS      | $1058568.36   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC          | CALL CATERPILLAR INC 02/03/2023 C265                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -2 | NS      | $-50.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| JOHNSON&JOHNSON          | Johnson & Johnson                                       | CUSIP: 478160104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6515 | NS      | $1064681.30   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Brown-Forman Corp. Class B                              | CUSIP: 115637209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     17278 | NS      | $1150369.28   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| WALMART INC              | CALL WALMART INC 02/03/2023 C144                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -8 | NS      | $-936.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CHEVRON CORP             | CALL CHEVRON CORP 02/03/2023 C180                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -4 | NS      | $-116.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ATMOS ENERGY             | Atmos Energy Corp.                                      | CUSIP: 049560105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10991 | NS      | $1291882.14   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC           | CALL S&P GLOBAL INC 02/03/2023 C375                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -3 | NS      | $-1410.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| T ROWE PRICE GRP         | CALL T ROWE PRICE GRP 02/03/2023 C117                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -7 | NS      | $-1085.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECOLAB INC               | Ecolab Inc.                                             | CUSIP: 278865100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7505 | NS      | $1161999.15   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Clorox Co./The                                          | CUSIP: 189054109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8040 | NS      | $1163307.60   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Federated Treasury Obligations Fund Institutional Class | CUSIP: 60934N500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    602429 | NS      | $602429.41    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP               | CALL SYSCO CORP 02/03/2023 C78                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NS      | $-342.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WAL-MART STORES          | Walmart Inc.                                            | CUSIP: 931142103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7990 | NS      | $1149521.30   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                  | Sherwin-Williams Co./The                                | CUSIP: 824348106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5241 | NS      | $1239968.19   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE         | Procter & Gamble Co./The                                | CUSIP: 742718109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8610 | NS      | $1225891.80   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON         | CALL BECTON DICKINSON 02/03/2023 C252.5                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -3 | NS      | $-1380.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Office