# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-23-058919
**Filing Date:** 2023-3
**Character Count:** 10344
**Document Hash:** 96ff851c50f888c9b0659f58f476d76a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-058919.hdr.sgml**: 20230317

**ACCESSION NUMBER**: 0001752724-23-058919

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230317

**DATE AS OF CHANGE**: 20230317

**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:** 23741039

**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 Bitcoin Strategy Managed Volatility Fund (Series ID: S000072636)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000229035 | Investor Class Shares      | BTCLX           |
| C000229036 | Class Y Shares             | BTCYX           |
| C000229037 | Institutional Class Shares | BTCVX           |

## Nport-Ex

**CBOE VEST BITCOIN TARGET VOLATILITY STRATEGY FUND**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **Consolidated Schedule of Investments** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** | **January 31, 2023 (unaudited)** |
| 73.82% | MONEY MARKET FUND | MONEY MARKET FUND |  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;**Fair Value** |
| 73.82% | MONEY MARKET FUND | MONEY MARKET FUND |  |  |  |  |  |
|  | Federated Treasury Obligations Fund - | Federated Treasury Obligations Fund - | Federated Treasury Obligations Fund - |  |  |  |  |
|  | &nbsp;&nbsp;&nbsp;Institutional Class 4.19% (A) . . . . . . | &nbsp;&nbsp;&nbsp;Institutional Class 4.19% (A) . . . . . . | &nbsp;&nbsp;&nbsp;Institutional Class 4.19% (A) . . . . . . | &nbsp;&nbsp;. |  | 529118 | $<u>529118</u> |
| 73.82% | TOTAL MONEY MARKET FUND . . . . | TOTAL MONEY MARKET FUND . . . . | TOTAL MONEY MARKET FUND . . . . | &nbsp;&nbsp;. . . . . . . . | &nbsp;&nbsp;. . . . . . . . | &nbsp;&nbsp;. . . . . . . . | $<u>529118</u> |
|  | FUTURES CONTRACTS | FUTURES CONTRACTS |  |  |  |  |  |
|  | **Number** |  |  |  |  | **Value at** | **Unrealized** |
|  | **of** |  | **Expiration** | **Notional** | **Notional** | **January 31,** | **Appreciation** |
|  | **Contracts** | **Descriptions** | **Date** | **Value** | **Value** | &nbsp;&nbsp;**2023** | (Depreciation) |
|  |  | CME Bitcoin |  |  |  |  |  |
| 48.65% | 3 | Future (B) | Feb-23 | <u>$247800</u> | <u>$247800</u> | &nbsp;&nbsp;<u>$348750</u> | $<u>100950</u> |
| 48.65% | TOTAL FUTURES CONTRACTS . . . | TOTAL FUTURES CONTRACTS . . . | TOTAL FUTURES CONTRACTS . . . | <u>$247800</u> | <u>$247800</u> | <u>$348750</u> | $<u>100950</u> |
| 122.47% | TOTAL INVESTMENTS . . . . . . . . | TOTAL INVESTMENTS . . . . . . . . | TOTAL INVESTMENTS . . . . . . . . | &nbsp;&nbsp;. . . . . . . . . . | &nbsp;&nbsp;. . . . . . . . . . | &nbsp;&nbsp;. . . . . . . . . . | $877868 |
| (22.47%) | Liabilities in excess of other assets . . . | Liabilities in excess of other assets . . . | Liabilities in excess of other assets . . . | &nbsp;&nbsp;. . . . . . . . . . | &nbsp;&nbsp;. . . . . . . . . . | &nbsp;&nbsp;. . . . . . . . . . | (161048) |
| 100.00% | NET ASSETS . . . . . . . . . . . . | NET ASSETS . . . . . . . . . . . . | NET ASSETS . . . . . . . . . . . . | . . . . . . . . . . | . . . . . . . . . . | . . . . . . . . . . | $<u>716820</u> |

---

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

(B)All or a portion of this investment is a holding of the Cboe Vest Cayman Subsidiary.

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.

**1**

QUARTERLY REPORT

**CBOE VEST BITCOIN TARGET VOLATILITY STRATEGY FUND**

---

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

---

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** |  |
|  |  |  | **Other** |  |  |  |
|  |  |  | **Significant** |  | **Significant** |  |
|  | **Quoted** |  | **Observable** |  | **Unobservable** |  |
| MONEY MARKET . . . . . . . . | **Prices** |  | **Inputs** |  | **Inputs** | **Total** |
| MONEY MARKET . . . . . . . . | $529118 | $ | $— | $ | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $529118 |
| FUTURE CONTRACTS . . . . . . |  |  | 348750 |  |  | 348750 |
| TOTAL INVESTMENTS . . . . . . |  |  |  |  |  |  |
| TOTAL INVESTMENTS . . . . . . | $529118 | $ | $348750 | $ | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $877868 |

---

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 $776,918 and the related tax-based net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation . . . . | $100950 |
| Gross unrealized depreciation . . . . |  |
| Net unrealized appreciation . . . . . | $<u>100950</u> |

---

**2**

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 Bitcoin Strategy Managed Volatility Fund

- **b. EDGAR series identifier (if any):** S000072636

- **c. LEI of Series:** 549300AY8M2YYWXG4U57

**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:** $686489.43

**Total Liabilities:** $30330.83

**Net Assets:** $716820.26

**Cash Not Reported:** $60052.47

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229035 | -15.73%              | -1.76%               | 31.66%               |
| Class ID C000229036 | -15.73%              | -1.78%               | 31.72%               |
| Class ID C000229037 | -15.80%              | -1.78%               | 31.80%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $0.00                    | $0.00                                      |

**Designated Index Information**

- **Index Name:** The NYSE Bitcoin Index

- **Index Identifier:** 69D99Y20

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| N/A     | CME Bitcoin Fut   Feb23                                 | CUSIP: N/A<br>LEI: N/A       | N/A              | DCO              |  | US        |         3 | NC      | $100949.94    | 14.08%            |  |  |  | No            |                  2 | On Loan: No      |
| Default | Federated Treasury Obligations Fund Institutional Class | CUSIP: 60934N500<br>LEI: N/A | Long             | STIV             | RF                | US        |    529118 | NS      | $529118.49    | 73.81%            |  |  |  | No            |                  1 | 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 Officer