# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-25-185571
**Filing Date:** 2025-8
**Character Count:** 26466
**Document Hash:** febf63da13064ae5947a3f5fb5a3133f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-185571.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001752724-25-185571

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250807

**DATE AS OF CHANGE**: 20250807

**PERIOD START**: 20260331

**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:** 251192859

**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

### OTG Latin America Fund (Series ID: S000064941)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000210276 | Class A Shares | OTGAX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
|  | &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;**OTG LATIN AMERICA FUND** |  |  |
|  | &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;**Schedule of Investments** |  |  |
|  | &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;**June 30, 2025 (unaudited)** |  |  |
|  |  | **Shares** | **Value** |
| **86.94%** | **COMMON STOCKS** |  |  |
| **1.96%** | **ARGENTINA** |  |  |
|  | **Grupo Supervielle SA** | **20850** | $**220802** |
|  | **YPF SA<sup>(A)</sup>** | **5000** | **157250** |
|  |  |  | **378052** |
| **31.01%** | **BRAZIL** |  |  |
|  | **Ambev SA** | **252000** | **607320** |
|  | **Banco Bradesco SA** | **124079** | **383404** |
|  | **Gerdau SA** | **136544** | **398708** |
|  | **Itau Unibanco Holding SA** | **73427** | **498571** |
|  | **Lojas Renner SA<sup>(A)</sup>** | **249150** | **900189** |
|  | **Petroleo Brasileiro SA** | **36250** | **453488** |
|  | **Raia Drogasil SA<sup>(A)</sup>** | **93150** | **259745** |
|  | **Rumo SA** | **81500** | **278262** |
|  | **Sendas Distribuidora SA** | **174000** | **362854** |
|  | **Suzano SA** | **57500** | **541075** |
|  | **TOTVS SA<sup>(A)</sup>** | **84950** | **661544** |
|  | **Vale SA** | **63300** | **614643** |
|  |  |  | **5959803** |
| **7.49%** | **CAYMAN ISLANDS** |  |  |
|  | **Nu Holdings Ltd.<sup>(A)</sup>** | **51285** | **703630** |
|  | **XP, Inc.** | **36415** | **735583** |
|  |  |  | **1439213** |
| **14.54%** | **CHILE** |  |  |
|  | **Aguas Andinas SA Class A** | **559542** | **204207** |
|  | **Banco de Credito e Inversiones<sup>(A)</sup>** | **5343** | **225601** |
|  | **Banco Itaú Chile** | **40006** | **553954** |
|  | **Banco Santander Chile<sup>(A)</sup>** | **8201452** | **515086** |
|  | **Cencosud SA** | **227556** | **774295** |
|  | **SMU SA** | **2904500** | **520651** |
|  |  |  | **2793794** |
| **0.05%** | **COLOMBIA** |  |  |
|  | **Grupo Cibest SA** | **200** | **9238** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &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;**OTG LATIN AMERICA FUND** |  |  |
|  | &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;**Schedule of Investments** |  |  |
|  | &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;**June 30, 2025 (unaudited)** |  |  |
|  |  | **Shares** | **Value** |
| **19.36%** | **MEXICO** |  |  |
|  | **America Movil S.A.B. de C.V.** | **14370** | $**257798** |
|  | **America Movil S.A.B. de C.V.** | **372000** | **333054** |
|  | **Arca Continental S.A.B. de C.V.** | **31218** | **330738** |
|  | **Cemex S.A.B. de C.V.** | **105800** | **733194** |
|  | **Coca-Cola FEMSA S.A.B. de C.V.** | **19300** | **186957** |
|  | **Fomento Economico Mexicano SAB** | **2450** | **252301** |
|  | **GCC S.A.B. de C.V.** | **35100** | **336700** |
|  | **Grupo Traxion S.A.B. de C.V. 144A<sup>(A)</sup>** | **329400** | **306676** |
|  | **Kimberly-Clark de México S.A.B. de C.V.** | **149000** | **273154** |
|  | **Wal Mart de Mexico S.A.B. de C.V.** | **214900** | **710970** |
|  |  |  | **3721542** |
| **2.61%** | **PANAMA** |  |  |
|  | **Intercorp Financial Services, Inc.** | **13149** | **501371** |
| **8.25%** | **PERU** |  |  |
|  | **Alicorp S.A.A.** | **73511** | **198174** |
|  | **Cementos Pacasmayo S.A.A.** | **150000** | **179958** |
|  | **Ferreycorp S.A.A.** | **450633** | **408336** |
|  | **InRetail Peru Corp. 144A** | **10729** | **289576** |
|  | **Southern Copper Corp.** | **5034** | **509290** |
|  |  |  | **1585334** |
| **1.67%** | **UNITED STATES** |  |  |
|  | **Grupo Financiero Galicia SA** | **4540** | **228771** |
|  | **IRSA Inversiones y Representaciones SA** | **6600** | **91938** |
|  |  |  | **320709** |
| **86.94%** | **TOTAL COMMON STOCKS** |  | **16709056** |
| **3.38%** | **CORPORATE BONDS** |  |  |
| **1.22%** | **PERU** |  |  |
|  | **Peru LNG 03/22/2030 5.375%** | **250020** | **235268** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | &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;**OTG LATIN AMERICA FUND** |  |  |
|  | &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;**Schedule of Investments** |  |  |
|  | &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;**June 30, 2025 (unaudited)** |  |  |
|  |  | **Shares** | **Value** |
| **2.16%** | **UNITED STATES** |  |  |
|  | **Bank of America NA 08/18/2025 5.650%** | **15000** | $**15012** |
|  | **BNP Paribas SA 05/20/2027 0.000%** | **200000** | **163400** |
|  | **HSBC Bank plc 04/02/2026 0.000%** | **254000** | **237363** |
|  |  |  | **415775** |
| **3.38%** | **TOTAL CORPORATE BONDS** |  | **651043** |
| **9.49%** | **MONEY MARKET FUND** |  |  |
|  | **Morgan Stanley Institutional Liquid** |  |  |
|  | **Government Fund 4.233%<sup>(B)</sup>** | **1824165** | **1824165** |
| **99.82%** | **TOTAL INVESTMENTS** |  | **19184264** |
| **0.18%** | **Other assets, net of liabilities** |  | **34170** |
| **100.00%** | **NET ASSETS** |  | $**19218434** |

---

&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

&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>(B)</sup>Effective 7 day yield as of June 30, 2025

**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 summarizes the inputs used to value the Fund's investments as of June 30, 2025:** | **The following summarizes the inputs used to value the Fund's investments as of June 30, 2025:** |  |
| &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Level 1** | **Level 2** | **Level 3** |
|  | **Other** | **Significant** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | **Significant** | **Unobservable** |  |
|  |  | &nbsp;&nbsp;**Observable Inputs** | **Inputs** | **Total** |
| **COMMON STOCKS** | $**16709056** |  |  | **16709056** |
| **CORPORATE BONDS** | **651043** |  |  | **651043** |
| **MONEY MARKET FUND** | **1824165** |  |  | **1824165** |
| **TOTAL INVESTMENTS** | **19184264** | **-** | **- $** | **19184264** |

---

**The cost of investments for Federal income tax purposes has been estimated a/o June 30, 2025 since**

**the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $16,932,699, and the related net unrealized appreciation (depreciation) consists of:**

---

| | |
|:---|:---|
| **Gross unrealized appreciation** | $**2916599** |
| **Gross unrealized depreciation** | **(665034)** |
| **Net unrealized appreciation** | $**2251565** |

---

## 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:** OTG LATIN AMERICA FUND

- **b. EDGAR series identifier (if any):** S000064941

- **c. LEI of Series:** 549300LQRNK52V834D50

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **Yes**

### Fund Information

**Total Assets:** $19248908.01

**Total Liabilities:** $30473.52

**Net Assets:** $19218434.49

**Cash Not Reported:** $8387.67

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210276 | 6.48%                | 3.67%                | 3.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-223096.68              | $1222261.01                                |
| Month 2  | $31846.17                | $596916.17                                 |
| Month 3  | $195152.91               | $446184.60                                 |

### 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          | Sendas Distribuidora SA BZ              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |    174000 | NS      | $362853.62    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Cementos Pacasmayo S.A.A.               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PE        |    150000 | NS      | $179957.66    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Cemex S.A.B. de C.V.                    | CUSIP: 151290889<br>LEI: N/A | Long             | EC               | CORP              | MX        |    105800 | NS      | $733194.00    | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Aguas Andinas SA Class A                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        |    559542 | NS      | $204206.93    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICA-SPON ADR | America Movil S.A.B. de C.V.            | CUSIP: 02390A101<br>LEI: N/A | Long             | EC               | CORP              | MX        |     14370 | NS      | $257797.80    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | BANK OF AMERICA 08/18/2025 5.65%        | CUSIP: 06428CAC8<br>LEI: N/A | Long             | DBT              | CORP              | US        |     15000 | PA      | $15012.11     | 0.08%             | 2025-08-18      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| Default          | Grupo Supervielle SA                    | CUSIP: 40054A108<br>LEI: N/A | Long             | EC               | CORP              | AR        |     20850 | NS      | $220801.50    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | AMERICAN MOVIL SAB DE CV                | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |    372000 | NS      | $333054.44    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Grupo Cibest S.A.                       | CUSIP: 40090E106<br>LEI: N/A | Long             | EC               | CORP              | CO        |       200 | NS      | $9238.00      | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Raia Drogasil SA                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |     93150 | NS      | $259745.36    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | XP INC.                                 | CUSIP: 209449587<br>LEI: N/A | Long             | EC               | CORP              | KY        |     36415 | NS      | $735583.00    | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | TOTVS SA BZ                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |     84950 | NS      | $661543.95    | 3.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Morgan Stanley Inst'l Liquid Gov't Fund | CUSIP: 61747C707<br>LEI: N/A | Long             | STIV             | RF                | US        |   1824165 | NS      | $1824164.67   | 9.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Ferreycorp S.A.A.                       | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PE        |    450633 | NS      | $408336.48    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Ambev SA                                | CUSIP: 02319V103<br>LEI: N/A | Long             | EC               | CORP              | BR        |    252000 | NS      | $607320.00    | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Coca-Cola Femsa Sab De Cv               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |     19300 | NS      | $186957.34    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROBRAS SA-ADR | Petroleo Brasileiro SA                  | CUSIP: 71654V408<br>LEI: N/A | Long             | EC               | CORP              | BR        |     36250 | NS      | $453487.50    | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Suzano SA                               | CUSIP: 86959K105<br>LEI: N/A | Long             | EC               | CORP              | BR        |     57500 | NS      | $541075.00    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | InRetail Peru Corp.                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PE        |     10729 | NS      | $289575.71    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Banco Itau Chile SA                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        |     40006 | NS      | $553953.99    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | ALICORP S.A.A.                          | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PE        |     73511 | NS      | $198173.61    | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Grupo Traxion S.A.B. de C.V.            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |    329400 | NS      | $306675.80    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Banco de Credito e Inversiones (BCI)    | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        |      5343 | NS      | $225601.42    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | GCC SAB de C.V.                         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |     35100 | NS      | $336699.62    | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHERN COPPER  | Southern Copper Corp                    | CUSIP: 84265V105<br>LEI: N/A | Long             | EC               | CORP              | PE        |      5034 | NS      | $509289.78    | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Arca Continental S.A.B. de C.V.         | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |     31218 | NS      | $330738.26    | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | SMU SA                                  | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        |   2904500 | NS      | $520651.00    | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Intercorp Financial Services, Inc.      | CUSIP: P5626F128<br>LEI: N/A | Long             | EC               | CORP              | PA        |     13149 | NS      | $501371.37    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Nu Holdings Ltd.                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |     51285 | NS      | $703630.20    | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | GRUPO FINANCIERO GALICIA-ADR            | CUSIP: 399909100<br>LEI: N/A | Long             | EC               | CORP              | US        |      4540 | NS      | $228770.60    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Kimberly-Clark De Mexico -A             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |    149000 | NS      | $273154.10    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Itau Unibanco Holding SA                | CUSIP: 465562106<br>LEI: N/A | Long             | EC               | CORP              | BR        |     73427 | NS      | $498570.69    | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Cencosud SA                             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        |    227556 | NS      | $774294.94    | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Rumo SA BZ                              | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |     81500 | NS      | $278261.95    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| VALE SA-SP ADR   | Vale SA                                 | CUSIP: 91912E105<br>LEI: N/A | Long             | EC               | CORP              | BR        |     63300 | NS      | $614643.00    | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | HSBC BANK PLC 04/02/2026 ZERO           | CUSIP: G4R7BLN99<br>LEI: N/A | Long             | DBT              | CORP              | US        |    254000 | PA      | $237363.00    | 1.24%             | 2026-04-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Default          | Banco Santander Chile                   | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CL        |   8201452 | NS      | $515085.96    | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Fomento Economico Mexicano SAB de CV    | CUSIP: 344419106<br>LEI: N/A | Long             | EC               | CORP              | MX        |      2450 | NS      | $252301.00    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Walmart de Mexico S.A.B. de C.V.        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |    214900 | NS      | $710969.75    | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Banco Bradesco SA                       | CUSIP: 059460303<br>LEI: N/A | Long             | EC               | CORP              | BR        |    124079 | NS      | $383404.11    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | IRSA-SP ADR                             | CUSIP: 450047303<br>LEI: N/A | Long             | EC               | CORP              | US        |      6600 | NS      | $91938.00     | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | BNP 0 05/20/27 Corp                     | CUSIP: 05612DJH4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    200000 | PA      | $163400.00    | 0.85%             | 2027-05-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Default          | YPF SA                                  | CUSIP: 984245100<br>LEI: N/A | Long             | EC               | CORP              | AR        |      5000 | NS      | $157250.00    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| GERDAU SA-ADR    | Gerdau SA                               | CUSIP: 373737105<br>LEI: N/A | Long             | EC               | CORP              | BR        |    136544 | NS      | $398708.48    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | PERU LNG S.R.L. 5.375% 3/22/30          | CUSIP: P7721BAE1<br>LEI: N/A | Long             | DBT              | CORP              | PE        |    250020 | PA      | $235267.62    | 1.22%             | 2030-03-22      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Default          | LOJAS RENNER SA BZ                      | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | BR        |    249150 | NS      | $900188.56    | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-05

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer