# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-23-022132
**Filing Date:** 2023-2
**Character Count:** 12714
**Document Hash:** 183fe88f0f1e28824e4c6a6f946be107
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-022132.hdr.sgml**: 20230213

**ACCESSION NUMBER**: 0001752724-23-022132

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230213

**DATE AS OF CHANGE**: 20230213

**PERIOD START**: 20221231

**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:** 23616510

**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           |

## 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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $28263221.33

**Total Liabilities:** $30255.26

**Net Assets:** $28232966.07

**Cash Not Reported:** $25784.42

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000144757 | 6.35%                | 5.27%                | -4.27%               |
| Class ID C000144756 | 6.33%                | 5.36%                | -4.33%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-814120.93              | $2556080.43                                |
| Month 2  | $55452.87                | $1463683.58                                |
| Month 3  | $35043.02                | $-1515237.99                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| COLONY NORTHST-A            | DIGITAL BRIDGE GROUP INC SERIES H          | CUSIP: 25401T504<br>LEI: N/A | Long             | EP               | CORP              | US        |     18449 | NS      | $348684.26    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | HERSHA TRUST                               | CUSIP: 427825500<br>LEI: N/A | Long             | EC               | CORP              | US        |    107615 | NS      | $916879.80    | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | RPT Realty, Series D, 7.250%               | CUSIP: 74971D200<br>LEI: N/A | Long             | EP               | CORP              | US        |     13638 | NS      | $681627.24    | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIXMOR PROPERTY            | Brixmor Property Group Inc.                | CUSIP: 11120U105<br>LEI: N/A | Long             | EC               | CORP              | US        |     52758 | NS      | $1196023.86   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | Century Communities, Inc.                  | CUSIP: 156504300<br>LEI: N/A | Long             | EC               | CORP              | US        |     15162 | NS      | $758251.62    | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| ISTAR INC                   | iStar Inc., Series I, 7.500%               | CUSIP: 45031U804<br>LEI: N/A | Long             | EP               | CORP              | US        |     18995 | NS      | $464617.70    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | Healthcare Trust Inc., Series B, 7.125%    | CUSIP: 42226B303<br>LEI: N/A | Long             | EP               | CORP              | US        |     18900 | NS      | $378000.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| KENNEDY-WILSON H            | Kennedy-Wilson Holdings, Inc.              | CUSIP: 489398107<br>LEI: N/A | Long             | EC               | CORP              | US        |     76095 | NS      | $1196974.35   | 4.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | STAG Industrial, Inc.                      | CUSIP: 85254J102<br>LEI: N/A | Long             | EC               | CORP              | US        |     37441 | NS      | $1209718.71   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | APARTMENT INCOME REIT CO                   | CUSIP: 03750L109<br>LEI: N/A | Long             | EC               | CORP              | US        |     31119 | NS      | $1067692.89   | 3.78%             |  |  |  | No            |                  1 | On Loan: No      |
| URBAN EDGE P                | Urban Edge Properties                      | CUSIP: 91704F104<br>LEI: N/A | Long             | EC               | CORP              | US        |     82040 | NS      | $1155943.60   | 4.09%             |  |  |  | No            |                  1 | On Loan: No      |
| KITE REALTY GROU            | Kite Realty Group Trust                    | CUSIP: 49803T300<br>LEI: N/A | Long             | EC               | CORP              | US        |     47109 | NS      | $991644.45    | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | Money Market Fiduciary                     | CUSIP: SF8888528<br>LEI: N/A | Long             | STIV             | RF                | US        |   2677061 | NS      | $2677060.54   | 9.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | KKR REAL ESTATE FINANCE                    | CUSIP: 48251K209<br>LEI: N/A | Long             | EP               | CORP              | US        |     26745 | NS      | $441292.50    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HT-CALL03/13                | Hersha Hospitality Trust, Series C, 6.875% | CUSIP: 427825401<br>LEI: N/A | Long             | EP               | CORP              | US        |      9188 | NS      | $183438.42    | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | L Brands Inc                               | CUSIP: 903002103<br>LEI: N/A | Long             | EC               | CORP              | US        |     68052 | NS      | $1095637.20   | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| HOWARD HUGHE                | Howard Hughes Corp./The                    | CUSIP: 44267D107<br>LEI: N/A | Long             | EC               | CORP              | US        |     15868 | NS      | $1212632.56   | 4.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HT-CALL03/13                | Hersha Hospitality Trust, Series D, 6.500% | CUSIP: 427825609<br>LEI: N/A | Long             | EP               | CORP              | US        |     22100 | NS      | $413380.50    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA             | PIEDMONT OFFICE REALTY                     | CUSIP: 720190206<br>LEI: N/A | Long             | EC               | CORP              | US        |     61037 | NS      | $559709.29    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| RYMAN HOSPITALIT            | Ryman Hospitality Properties, Inc.         | CUSIP: 78377T107<br>LEI: N/A | Long             | EC               | CORP              | US        |     11758 | NS      | $961569.24    | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR-MATERIALS              | Real Estate Select Sector SPDR Fund        | CUSIP: 81369Y860<br>LEI: N/A | Long             | EC               | RF                | US        |     62388 | NS      | $2303988.84   | 8.16%             |  |  |  | No            |                  1 | On Loan: No      |
| CITY OFFICE REIT            | City Office REIT, Inc., Series A, 6.625%   | CUSIP: 178587200<br>LEI: N/A | Long             | EP               | CORP              | US        |     17416 | NS      | $328988.24    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | Healthpeak Properties, Inc.                | CUSIP: 42250P103<br>LEI: N/A | Long             | EC               | CORP              | US        |     44122 | NS      | $1106138.54   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MACK-CALI REALTY            | VERIS RESIDENTIAL INC                      | CUSIP: 554489104<br>LEI: N/A | Long             | EC               | CORP              | US        |     75414 | NS      | $1201345.02   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| BRANDYWINE RLTY             | Brandywine Realty Trust                    | CUSIP: 105368203<br>LEI: N/A | Long             | EC               | CORP              | US        |    136800 | NS      | $841320.00    | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | Independence Realty Trust, Inc.            | CUSIP: 45378A106<br>LEI: N/A | Long             | EC               | CORP              | US        |     47718 | NS      | $804525.48    | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| ALEXANDER & BALD            | Alexander & Baldwin Inc                    | CUSIP: 014491104<br>LEI: N/A | Long             | EC               | CORP              | US        |     69636 | NS      | $1304282.28   | 4.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                     | PHILLIPS EDISON & COMPANY INC              | CUSIP: 71844V201<br>LEI: N/A | Long             | EC               | CORP              | US        |     30080 | NS      | $957747.20    | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| HEALTHCARE REALTY TRUST INC | HEALTHCARE REALTY TRUST INC                | CUSIP: 42226K105<br>LEI: N/A | Long             | EC               | CORP              | US        |     67794 | NS      | $1306390.38   | 4.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-08

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer