# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-25-185578
**Filing Date:** 2025-8
**Character Count:** 25215
**Document Hash:** a1f3e5614d937bbaf9fc556fe927125b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-185578.hdr.sgml**: 20250807

**ACCESSION NUMBER**: 0001752724-25-185578

**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:** 251192943

**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

### Philotimo Focused Growth and Income Fund (Series ID: S000071684)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000227130 | Philotimo Focused Growth and Income Fund | PHLOX           |

## Nport-Ex

**PHILOTIMO FOCUSED GROWTH & INCOME FUND**

**Schedule of Investments**

**June 30, 2025 (unaudited)**

**73.25% COMMON STOCKS**

**1.55% COMMUNICATION SERVICES Marchex, Inc.<sup>(A)</sup>**

**WildBrain Ltd.<sup>(A)</sup>**

**37.26% CONSUMER DISCRETIONARY**

**Ainsworth Game Technology Ltd.<sup>(A)</sup>**

**AMMO, Inc.<sup>(A)</sup>**

**Barnes & Noble Education, Inc.<sup>(A)</sup>**

**Caesars Entertainment, Inc.<sup>(A)</sup>**

**CDON AB<sup>(A)</sup>**

**Haverty Furniture Cos., Inc.**

**Inspired Entertainment, Inc.<sup>(A)</sup>**

**Lazydays Holdings, Inc.<sup>(A)</sup>**

**Leon's Furniture Ltd.**

**Natuzzi S.p.A<sup>(A)</sup>**

**The One Group Hospitality, Inc.<sup>(A)</sup>**

**The RealReal, Inc.<sup>(A)</sup>**

**5.41% FINANCIALS**

**EZCorp, Inc. Class A<sup>(A)</sup>**

**U.S. Global Investors, Inc.**

**2.34% HEALTH CARE**

**Aytu BioPharma, Inc.<sup>(A)</sup>**

**Quipt Home Medical Corp.<sup>(A)</sup>**

---

| | |
|:---|:---|
| **Shares** | **Value** |
| **691642** | $**1493947** |
| **35000** | **53200** |
|  | **1547147** |
| **2500409** | **1489309** |
| **3300000** | **4224000** |
| **700428** | **8244038** |
| **180000** | **5110200** |
| **513821** | **2704635** |
| **281** | **5718** |
| **700000** | **5719000** |
| **3** | **1** |
| **21600** | **444610** |
| **406962** | **1322627** |
| **393975** | **1595599** |
| **1300698** | **6230343** |
|  | **37090080** |
| **302874** | **4203891** |
| **456885** | **1178763** |
|  | **5382654** |
| **189208** | **412473** |
| **1072491** | **1919759** |
|  | **2332232** |

---

---

| | | |
|:---|:---|:---|
| **20.69% INFORMATION TECHNOLOGY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Allot Ltd.<sup>(A)</sup>** | **1200000** | **10260000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Data I/O Corp.<sup>(A)</sup>** | **327401** | **1005121** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**eGain Corp.<sup>(A)</sup>** | **736732** | **4604575** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Immersion Corporation** | **600000** | **4728000** |
|  |  | **20597696** |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **PHILOTIMO FOCUSED GROWTH & INCOME FUND** | **PHILOTIMO FOCUSED GROWTH & INCOME FUND** |  |
|  | &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;**June 30, 2025 (unaudited)** |  |  |
|  |  | **Shares** | **Value** |
| **6.00%** | **REAL ESTATE** |  |  |
|  | **Compass, Inc.<sup>(A)</sup>** | **950351** | $**5968204** |
| **73.25%** | **TOTAL COMMON STOCKS** |  | **72918013** |
| **0.81%** | **PREFERRED STOCKS** |  |  |
| **0.31%** | **CONSUMER DISCRETIONARY** |  |  |
|  | **AMMO, Inc.** | **13794** | **312986** |
| **0.50%** | **MATERIALS** |  |  |
|  | **Ramaco Resources, Inc.** | **20000** | **496200** |
| **0.81%** | **TOTAL PREFERRED STOCKS** |  | **809186** |
| **4.77%** | **CLOSED-END MUTUAL FUNDS** |  |  |
|  | **Eaton Vance Limited Duration Income Fund<sup>(A)</sup>** | **229225** | **2351848** |
|  | **Duff & Phelps Utility and Infrastructure Fund, Inc.<sup>(A)</sup>** | **193053** | **2395788** |
| **4.77%** | **TOTAL CLOSED END MUTUAL FUNDS** |  | **4747636** |
| **12.45%** | **CORPORATE BONDS** |  |  |
| **0.00%** | **CONSUMER DISCRETIONARY** |  |  |
|  | **Party City Holdings, Inc. 08/15/2023 6.125%** |  | **0** |
| **10.88%** | **FINANCIALS** |  |  |
|  | **Allstate Corp. 05/15/2057 6.500%** | **1000000** | **1025417** |
|  | **Bank of Montreal 11/26/2084 7.300%** | **1000000** | **1021573** |
|  | **Citigroup Global Markets 01/22/2035 0.000%** | **300000** | **241590** |
|  | **Citigroup Global Markets 10/01/2040 7.250%** | **84000** | **62253** |
|  | **Citigroup Global Markets 03/19/2041 10.500%** | **120000** | **89076** |
|  | **Citigroup, Inc. Series DD Perpetual 7.000%** | **1350000** | **1419074** |
|  | **Lloyds Banking Group plc Perpetual 6.750%** | **3000000** | **2935440** |
|  | **Morgan Stanley 03/31/2035 0.000%** | **95000** | **59019** |
|  | **Nationwide Financial Services 05/15/2037 6.750%^** | **2975000** | **2951286** |
|  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(ICE LIBOR USD 3 Month +2.120%)** |  |  |

---

---

| | | | |
|:---|:---|:---|:---|
|  | **PHILOTIMO FOCUSED GROWTH & INCOME FUND** | **PHILOTIMO FOCUSED GROWTH & INCOME FUND** |  |
|  | &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;**June 30, 2025 (unaudited)** |  |  |
|  | **FINANCIALS Continued** | **Shares** | **Value** |
|  | **Prudential Financial, Inc. 03/15/2054 6.500%** | **1000000** | $**1027249** |
|  |  |  | **10831977** |
| **1.57%** | **GOVERNMENT** |  |  |
|  | **Farm Credit Bank of Texas Perpetual 7.750%** | **1500000** | **1560000** |
| **12.45%** | **TOTAL CORPORATE BONDS** |  | **12391977** |
| **8.67%** | **MONEY MARKET FUND** |  |  |
|  | **Federated Government Obligations Fund 4.200%<sup>(B)</sup>** | **8631059** | **8631059** |

---

---

| | | |
|:---|:---|:---|
| **99.95%** | **TOTAL INVESTMENTS** | **99497871** |
| **0.05%** | **Other assets, net of liabilities** | **48523** |
| **100.00%** | **NET ASSETS** | $**99546394** |

---

**^Rate is determined periodically. Rate shown is the rate 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;<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;&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** | **The inputs or methodology used for valuing securities are not necessarily an** |  |  |  |
| **indication of the risk associated with investing in those securities.** | **indication of the risk associated with investing in those securities.** |  |  |  |
| **The following summarizes the inputs used to value the Fund's investments as of June 30, 2025:** | **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:** |  |  |
|  | **Level 1** | **Level 2** | **Level 3** |  |
|  |  | **Other** | &nbsp;&nbsp;&nbsp;&nbsp;**Significant** |  |
|  |  | **Significant** | &nbsp;&nbsp;&nbsp;&nbsp;**Unobservable** |  |
|  | **Quoted Prices** | **Observable Inputs** | **Inputs** | **Total** |
| **COMMON STOCKS** | $**72918013.00** | $**-** | $**-** | $**72918013.00** |
| **PREFERRED STOCKS** | **809186** | **-** | **-** | **809186** |
| **CLOSED END MUTUAL FUNDS** | **4747636** | **-** | **-** | **4747636** |
| **CORPORATE BONDS** | **12391977** | **-** | **-** | **12391977** |
| **MONEY MARKET FUND** | **8631059** | **-** | **-** | **8631059** |
| **TOTAL INVESTMENTS** | $**99497871.00** | $**-** | $**-** | $**99497871.00** |

---

**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 $97,369,333, and the related net unrealized appreciation (depreciation) consists of:**

---

| | |
|:---|:---|
| **Gross unrealized appreciation** | $**16272094** |
| **Gross unrealized depreciation** | **(14143556)** |
| **Net unrealized appreciation** | $**2128538** |

---

## 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:** Philotimo Focused Growth & Income

- **b. EDGAR series identifier (if any):** S000071684

- **c. LEI of Series:** 5493003CD8K6JW8BZH38

**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? **No**

### Fund Information

**Total Assets:** $99649085.42

**Total Liabilities:** $102691.90

**Net Assets:** $99546393.52

**Cash Not Reported:** $43725.49

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00 | **1-Year:** 0.00 | **5-Year:** -1987.11 | **10-Year:** -2477.06 | **30-Year:** 0.00

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00 | **1-Year:** 0.00 | **5-Year:** -0.90 | **10-Year:** -2438.34 | **30-Year:** -1085.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227130 | 1.15%                | 2.48%                | 0.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1513019.80             | $2534902.09                                |
| Month 2  | $753252.61               | $1683697.58                                |
| Month 3  | $-525479.49              | $957387.61                                 |

### 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            | Marchex Inc - Class B                    | CUSIP: 56624R108<br>LEI: N/A | Long             | EC               | CORP              | US        |    691642 | NS      | $1493946.72   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | AINSWORTH GAME TECHNOLOGY LT             | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | AU        |   2500409 | NS      | $1489308.45   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Duff & Phelps Utility and Infrastructure | CUSIP: 26433C105<br>LEI: N/A | Long             | EC               | CORP              | US        |    193053 | NS      | $2395787.73   | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Natuzzi S.p.A                            | CUSIP: 63905A200<br>LEI: N/A | Long             | EC               | CORP              | US        |    406962 | NS      | $1322626.50   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Bank of Montreal 11/26/34 7.3%           | CUSIP: 06368L5Q5<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021573.00   | 1.03%             | 2084-11-26      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| The RealReal, Inc. | The RealReal, Inc.                       | CUSIP: 88339P101<br>LEI: N/A | Long             | EC               | CORP              | US        |   1300698 | NS      | $6230343.42   | 6.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Outdoor Holding Co. Pfd Series A         | CUSIP: 00175J206<br>LEI: N/A | Long             | EP               | CORP              | US        |     13794 | NS      | $312985.86    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | ALLOT LTD                                | CUSIP: M0854Q105<br>LEI: N/A | Long             | EC               | CORP              | IL        |   1200000 | NS      | $10260000.00  | 10.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Farm Credit Bank of Texas 05/23/2024     | CUSIP: 30767EAE9<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1560000.00   | 1.57%             | 2064-03-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Default            | Barnes & Noble Education Inc             | CUSIP: 06777U200<br>LEI: N/A | Long             | EC               | CORP              | US        |    700428 | NS      | $8244037.56   | 8.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Citigroup Global Markets                 | CUSIP: 17327TC95<br>LEI: N/A | Long             | DBT              | CORP              | US        |    300000 | PA      | $241590.00    | 0.24%             | 2035-01-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Default            | Inspired Entertainment, Inc.             | CUSIP: 45782N108<br>LEI: N/A | Long             | EC               | CORP              | US        |    700000 | NS      | $5719000.00   | 5.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Citigroup Global Markets                 | CUSIP: 17328WRC4<br>LEI: N/A | Long             | DBT              | CORP              | US        |     84000 | PA      | $62252.40     | 0.06%             | 2040-10-01      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Default            | Outdoor Holding Co.                      | CUSIP: 00175J107<br>LEI: N/A | Long             | EC               | CORP              | US        |   3300000 | NS      | $4224000.00   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Lloyds Banking Group PLC 10/03/2024 VAR  | CUSIP: 53944YBB8<br>LEI: N/A | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2935440.00   | 2.95%             | 2041-03-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Default            | Lazydays Holdings, Inc.                  | CUSIP: 52110H100<br>LEI: N/A | Long             | EC               | CORP              | US        |         3 | NS      | $0.73         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Caesars Entertainment, Inc.              | CUSIP: 12769G100<br>LEI: N/A | Long             | EC               | CORP              | US        |    180000 | NS      | $5110200.00   | 5.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Nationwide Financial Services            | CUSIP: 638612AJ0<br>LEI: N/A | Long             | DBT              | CORP              | US        |   2975000 | PA      | $2951286.28   | 2.96%             | 2087-05-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| IMMERSION CORP     | Immersion Corp                           | CUSIP: 452521107<br>LEI: N/A | Long             | EC               | CORP              | US        |    600000 | NS      | $4728000.00   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Morgan Stanley                           | CUSIP: 61760QFV1<br>LEI: N/A | Long             | DBT              | CORP              | US        |     95000 | PA      | $59018.75     | 0.06%             | 2035-03-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| EZCORP INC-A       | EZCorp, Inc. Class A                     | CUSIP: 302301106<br>LEI: N/A | Long             | EC               | CORP              | US        |    302874 | NS      | $4203891.12   | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | CDON                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | SE        |    513821 | NS      | $2704635.32   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | COMPASS INC                              | CUSIP: 20464U100<br>LEI: N/A | Long             | EC               | CORP              | US        |    950351 | NS      | $5968204.28   | 6.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Citigroup Global Markets                 | CUSIP: 17328YRF3<br>LEI: N/A | Long             | DBT              | CORP              | US        |    120000 | PA      | $89076.00     | 0.09%             | 2041-03-19      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| Default            | Wildbrain LTD                            | CUSIP: 96810C101<br>LEI: N/A | Long             | EC               | CORP              | US        |     35000 | NS      | $53200.00     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Allstate Corp.                           | CUSIP: 020002AU5<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1025417.00   | 1.03%             | 2057-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Default            | Eaton Vance Limited Duration Income Fund | CUSIP: 27828H105<br>LEI: N/A | Long             | EC               | CORP              | US        |    229225 | NS      | $2351848.50   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Aytu BioPharma Inc.                      | CUSIP: 054754858<br>LEI: N/A | Long             | EC               | CORP              | US        |    189208 | NS      | $412473.44    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | The One Group Hospitality, Inc.          | CUSIP: 88338K103<br>LEI: N/A | Long             | EC               | CORP              | US        |    393975 | NS      | $1595598.75   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | U.S. GLOBAL INVESTORS INC-A              | CUSIP: 902952100<br>LEI: N/A | Long             | EC               | CORP              | US        |    456885 | NS      | $1178763.30   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | eGain Corp.                              | CUSIP: 28225C806<br>LEI: N/A | Long             | EC               | CORP              | US        |    736732 | NS      | $4604575.00   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | LEON'S FURNITURE LTD                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | CA        |     21600 | NS      | $444610.24    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | RAMACO RES INC PREFERRED                 | CUSIP: 75134P709<br>LEI: N/A | Long             | EP               | CORP              | US        |     20000 | NS      | $496200.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | Federated Government Obligations Fund    | CUSIP: 60934N104<br>LEI: N/A | Long             | STIV             | RF                | US        |   8631059 | NS      | $8631059.48   | 8.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | QUIPT HOME MEDICAL CORP                  | CUSIP: 74880P104<br>LEI: N/A | Long             | EC               | CORP              | US        |   1072491 | NS      | $1919758.89   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | PRUDENTIAL FINANCIAL INC 03/11/2024 VAR  | CUSIP: 744320BP6<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1027249.00   | 1.03%             | 2054-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| DATA I/O CORP      | Data I/O Corp.                           | CUSIP: 237690102<br>LEI: N/A | Long             | EC               | CORP              | US        |    327401 | NS      | $1005121.07   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Default            | CITIGROUP INC PERP 07/30/2024            | CUSIP: 172967PM7<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1419074.10   | 1.43%             | 2172-09-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Default            | HAVERTY FURNITURE INC                    | CUSIP: 419596101<br>LEI: N/A | Long             | EC               | CORP              | US        |       281 | NS      | $5718.35      | 0.01%             |  |  |  | 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