# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001396092-25-000095
**Filing Date:** 2025-11
**Character Count:** 18736
**Document Hash:** f330b62070dd9d74425cc1a58d3baf4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001396092-25-000095.hdr.sgml**: 20251106

**ACCESSION NUMBER**: 0001396092-25-000095

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251106

**DATE AS OF CHANGE**: 20251106

**PERIOD START**: 20251231

**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:** 251457846

**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 Real Estate Value-Opportunity Fund (Series ID: S000046323)

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

## Nport-Ex

**LDR REAL ESTATE VALUE OPPORTUNITY FUND**

**Schedule of Investments**

**September 30, 2025 (unaudited)**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| &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;**89.28% COMMON STOCKS** |  |  |
| &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;**44.15% DIVERSIFIED/OTHER** |  |  |
| &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;American Tower Corporate REIT | 2258 | $434259 |
| &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;Cadiz, Inc.<sup>(A)</sup> | 15113 | 71333 |
| &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;Caesars Entertainment, Inc.<sup>(A)</sup> | 22963 | 620575 |
| &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;Crown Castle, Inc. REIT | 4586 | 442503 |
| &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;Equinix, Inc. | 874 | 684552 |
| &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;FTAI Aviation Ltd. | 3273 | 546133 |
| &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;FTAI Infrastructure, Inc. | 49503 | 215833 |
| &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;Iron Mountain, Inc. | 6344 | 646707 |
| &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;Vertiv Holdings Co. | 5636 | 850247 |
| &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;Vici Properties, Inc. | 19830 | 646656 |
|  |  | 5158798 |

---

---

| | | |
|:---|:---|:---|
| **11.05% HEALTHCARE** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Community Healthcare Trust, Inc. | 37558 | 574637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diversified Healthcare Trust | 162538 | 716793 |
|  |  | 1291430 |

---

---

| | | | |
|:---|:---|:---|:---|
| **3.73%** | **INDUSTRIALS** |  |  |
|  | Prologis, Inc. REIT | 3806 | 435863 |
| **3.76%** | **MORTGAGE** |  |  |
|  | ARMOUR Residential REIT, Inc.<sup>(A)</sup> | 29446 | 439923 |
| **8.19%** | **RESIDENTIAL** |  |  |
|  | Essex Property Trust, Inc. REIT | 1372 | 367230 |
|  | UMH Properties, Inc. | 39697 | 589500 |
|  |  |  | 956730 |
| **14.80%** | **RETAIL** |  |  |
|  | Brixmor Property Group, Inc. REIT | 22879 | 633291 |
|  | CTO Realty Growth, Inc. | 39858 | 649685 |
|  | Simon Property Group, Inc. REIT | 2379 | 446467 |
|  |  |  | 1729443 |

---

**LDR REAL ESTATE VALUE OPPORTUNITY FUND**

**Schedule of Investments**

**September 30, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **3.60%** | **TRIPLE NET LEASE** |  |  |
|  | Realty Income Corp. REIT | 6924 | 420910 |
| **89.28%** | **TOTAL COMMON STOCKS** |  |  |
| **89.28%** | **TOTAL COMMON STOCKS** |  | $10433098 |
|  | (Cost: $10,002,665) |  |  |
| **8.41%** | **PREFERRED STOCKS** |  |  |
| **0.09%** | **DIVERSIFIED/OTHER** |  |  |
|  | Cadiz, Inc. | 536 | 10398 |
| **2.33%** | **LODGING** |  |  |
|  | Pebblebrook Hotel Trust | 13658 | 271794 |
| **5.99%** | **MORTGAGE** |  |  |
|  | Ready Capital Corp. | 706 | 16866 |
|  | Ready Capital Corp. | 13661 | 337017 |
|  | TPG RE Finance Trust, Inc. | 19501 | 346143 |
|  |  |  | 700026 |
| **8.41%** | **TOTAL PREFERRED STOCKS** |  |  |
| **8.41%** | **TOTAL PREFERRED STOCKS** |  | $982219 |
|  | (Cost: $981,939) |  |  |
| **97.69%** | **TOTAL INVESTMENTS** |  | 11415316 |
|  | (Cost: $10,984,604) |  |  |
| **2.31%** | Other assets, net of liabilities |  | 269890 |
| **100.00%** | **NET ASSETS** |  | $**11685206** |

---

&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.**

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 September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Level 2 | Level 3 |  |
|  |  | Other<br>Significant<br>Observable Inputs | Significant<br>Unobservable<br>Inputs | <br>Total |
| COMMON STOCKS | $10433098 |  |  | 10433098 |
| PREFERRED STOCKS | 982219 |  |  | 982219 |
| TOTAL INVESTMENTS | 11415316 | - | - | $11415316 |

---

The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2025 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $10,984,604, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation | $938766 |
| Gross unrealized depreciation | (508054) |
| Net unrealized appreciation | $430712 |

---

## 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 Real Estate Value - Opportunity Fund

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

- **c. LEI of Series:** 549300YKB6JD5B8Q8463

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**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:** $11741405.98

**Total Liabilities:** $56200.25

**Net Assets:** $11685205.73

**Cash Not Reported:** $36890.16

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144757 | -1.40%               | 0.81%                | 0.29%                |
| Class ID C000144756 | -1.29%               | 0.81%                | 0.39%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $9322.20                 | $-120618.27                                |
| Month 2  | $-200911.23              | $337608.84                                 |
| Month 3  | $-281424.22              | $346217.58                                 |

### 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          | READY CAPITAL CORP PFD           | CUSIP: 75574U408<br>LEI: N/A | Long             | EP               | CORP              | US        |     13661 | NS      | $337016.87    | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CROWN CASTLE INT | Crown Castle, Inc.               | CUSIP: 22822V101<br>LEI: N/A | Long             | EC               | CORP              | US        |      4586 | NS      | $442503.14    | 3.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Caesars Entertainment, Inc.      | CUSIP: 12769G100<br>LEI: N/A | Long             | EC               | CORP              | US        |     22963 | NS      | $620575.08    | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Equinix, Inc.                    | CUSIP: 29444U700<br>LEI: N/A | Long             | EC               | CORP              | US        |       874 | NS      | $684551.76    | 5.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | CADIZ INC SERIES A               | CUSIP: 127537306<br>LEI: N/A | Long             | EP               | CORP              | US        |       536 | NS      | $10398.40     | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME    | Realty Income Corp.              | CUSIP: 756109104<br>LEI: N/A | Long             | EC               | CORP              | US        |      6924 | NS      | $420909.96    | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | FTAI INFRASTRUCTURE INC          | CUSIP: 35953C106<br>LEI: N/A | Long             | EC               | CORP              | US        |     49503 | NS      | $215833.08    | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | FTAI Aviation Ltd                | CUSIP: G3730V105<br>LEI: N/A | Long             | EC               | CORP              | US        |      3273 | NS      | $546132.78    | 4.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | CTO REALTY GROWTH INC            | CUSIP: 22948Q101<br>LEI: N/A | Long             | EC               | CORP              | US        |     39858 | NS      | $649685.40    | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY | Brixmor Property Group, Inc.     | CUSIP: 11120U105<br>LEI: N/A | Long             | EC               | CORP              | US        |     22879 | NS      | $633290.72    | 5.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Money Market Fiduciary           | CUSIP: SF8888627<br>LEI: N/A | Long             | STIV             | RF                | US        |    262486 | NS      | $262485.80    | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Diversified Healthcare Trust     | CUSIP: 25525P107<br>LEI: N/A | Long             | EC               | CORP              | US        |    162538 | NS      | $716792.58    | 6.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Community Healthcare Trust       | CUSIP: 20369C106<br>LEI: N/A | Long             | EC               | CORP              | US        |     37558 | NS      | $574637.40    | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERICAN TOWER C | American Tower Corporate REIT    | CUSIP: 03027X100<br>LEI: N/A | Long             | EC               | CORP              | US        |      2258 | NS      | $434258.56    | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | UMH Properties, Inc.             | CUSIP: 903002103<br>LEI: N/A | Long             | EC               | CORP              | US        |     39697 | NS      | $589500.45    | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ARMOUR RESIDENTI | Armour Residential REIT, Inc.    | CUSIP: 042315705<br>LEI: N/A | Long             | EC               | CORP              | US        |     29446 | NS      | $439923.24    | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PROLOGIS INC     | Prologis, Inc.                   | CUSIP: 74340W103<br>LEI: N/A | Long             | EC               | CORP              | US        |      3806 | NS      | $435863.12    | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | IRON MOUNTAIN INC                | CUSIP: 46284V101<br>LEI: N/A | Long             | EC               | CORP              | US        |      6344 | NS      | $646707.36    | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | PEBBLEBROOK HOTEL TRUST SERIES G | CUSIP: 70509V803<br>LEI: N/A | Long             | EP               | CORP              | US        |     13658 | NS      | $271794.20    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | CADIIZ INC                       | CUSIP: 127537207<br>LEI: N/A | Long             | EC               | CORP              | US        |     15113 | NS      | $71333.36     | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Vertiv Holdings Co               | CUSIP: 92537N108<br>LEI: N/A | Long             | EC               | CORP              | US        |      5636 | NS      | $850246.96    | 7.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | READY CAPITAL CORP PREFERRED     | CUSIP: 75574U838<br>LEI: N/A | Long             | EP               | CORP              | US        |       706 | NS      | $16866.34     | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | TPG RE FINANCE TRUST INC PFD C   | CUSIP: 87266M206<br>LEI: N/A | Long             | EP               | CORP              | US        |     19501 | NS      | $346142.75    | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY   | Essex Property Trust, Inc.       | CUSIP: 297178105<br>LEI: N/A | Long             | EC               | CORP              | US        |      1372 | NS      | $367229.52    | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | VICI Properties                  | CUSIP: 925652109<br>LEI: N/A | Long             | EC               | CORP              | US        |     19830 | NS      | $646656.30    | 5.53%             |  |  |  | No            |                  1 | On Loan: No      |
| SIMON PROPERTY   | Simon Property Group, Inc.       | CUSIP: 828806109<br>LEI: N/A | Long             | EC               | CORP              | US        |      2379 | NS      | $446466.93    | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer