# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001752724-25-214966
**Filing Date:** 2025-9
**Character Count:** 29290
**Document Hash:** af5f7b5847de4404aa45ded9c8e0b70d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-214966.hdr.sgml**: 20250912

**ACCESSION NUMBER**: 0001752724-25-214966

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250912

**DATE AS OF CHANGE**: 20250912

**PERIOD START**: 20260430

**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:** 251310744

**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

### Applied Finance Select Fund (Series ID: S000054258)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000170411 | Investor Class      | AFVLX           |
| C000170412 | Institutional Class | AFVZX           |

## Nport-Ex

**APPLIED FINANCE SELECT FUND**

**Schedule of Investments**

**July 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **99.12%** | **COMMON STOCKS** |  |  |
| **11.22%** | **COMMUNICATION SERVICES** |  |  |
|  | Alphabet, Inc. Class A | 93699 | $17980838 |
|  | Meta Platforms, Inc. | 26339 | 20371636 |
|  | Verizon Communications, Inc. | 377858 | 16157208 |
|  | The Walt Disney Co. | 151499 | 18045046 |
|  |  |  | 72554728 |

---

---

| | | |
|:---|:---|:---|
| **9.93% CONSUMER DISCRETIONARY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aptiv plc<sup>(A)</sup> | 215795 | 14812169 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Darden Restaurants, Inc. | 62097 | 12523102 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DR Horton, Inc. | 100271 | 14322710 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LKQ Corp. | 350743 | 10336396 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Companies, Inc. | 54679 | 12224584 |
|  |  | 64218961 |

---

---

| | | |
|:---|:---|:---|
| **5.36% CONSUMER STAPLES** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Brands, Inc. | 51037 | 8525220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Keurig Dr Pepper, Inc. | 280854 | 9169883 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Target Corp. | 87916 | 8835558 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tyson Foods, Inc. Class A | 155328 | 8123654 |
|  |  | 34654315 |

---

---

| | | |
|:---|:---|:---|
| **2.89% ENERGY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ConocoPhillips | 97668 | 9311667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Valero Energy Corp. | 68126 | 9354381 |
|  |  | 18666048 |

---

---

| | | |
|:---|:---|:---|
| **13.85% FINANCIALS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ameriprise Financial, Inc. | 24638 | 12767165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corp. | 290875 | 13749661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fiserv, Inc.<sup>(A)</sup> | 75981 | 10556800 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Co. | 48795 | 14455031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc. Class A | 23435 | 13275224 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MetLife, Inc. | 159048 | 12079696 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Travelers Companies, Inc | 48656 | 12662237 |
|  |  | 89545814 |

---

**APPLIED FINANCE SELECT FUND**

**Schedule of Investments**

**July 31, 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;**9.72% HEALTH CARE** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CVS Health Corp. | 116204 | $7216268 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Danaher Corp. | 39798 | 7846574 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Incyte Corp.<sup>(A)</sup> | 133907 | 10028295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;McKesson Corp. | 11228 | 7787067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Merck & Company, Inc. | 91034 | 7111576 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regeneron Pharmaceuticals, Inc. | 13052 | 7119344 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stryker Corp. | 20380 | 8003837 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Thermo Fisher Scientific, Inc. | 16585 | 7756473 |
|  |  | 62869434 |

---

---

| | | |
|:---|:---|:---|
| **8.89% INDUSTRIALS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cummins, Inc. | 31278 | 11498418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services, Inc. | 33371 | 13552964 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Pacific Corp. | 43308 | 9613077 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Rentals, Inc. | 13938 | 12306418 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wabtec Corp. | 54847 | 10533366 |
|  |  | 57504243 |

---

---

| | | |
|:---|:---|:---|
| **14.72% INFORMATION TECHNOLOGY-Hardware** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 91772 | 19049114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Applied Materials, Inc. | 112018 | 20169961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HP, Inc. | 718473 | 17818130 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | 70688 | 17894667 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA Corp. | 23004 | 20221206 |
|  |  | 95153078 |

---

---

| | | |
|:---|:---|:---|
| **15.98% INFORMATION TECHNOLOGY-Software and Services** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adobe, Inc.<sup>(A)</sup> | 49557 | 17726043 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cisco Systems, Inc. | 297894 | 20280624 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. | 42000 | 22407000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Oracle Corp. | 96803 | 24565697 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roper Technologies, Inc. | 33388 | 18376755 |
|  |  | 103356119 |

---

---

| | | |
|:---|:---|:---|
| **1.77% MATERIALS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sherwin-Williams Co | 17185 | 5686173 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Steel Dynamics, Inc. | 45000 | 5740200 |
|  |  | 11426373 |

---

**APPLIED FINANCE SELECT FUND**

**Schedule of Investments**

**July 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **2.44%** | **REAL ESTATE** |  |  |
|  | CBRE Group, Inc.<sup>(A)</sup> | 101172 | $15756527 |
| **2.35%** | **UTILITIES** |  |  |
|  | DTE Energy Co. | 52413 | 7254483 |
|  | Public Service Enterprise Group, Inc. | 88216 | 7920915 |
|  |  |  | 15175398 |
| **99.12%** | **TOTAL COMMON STOCKS** |  |  |
| **99.12%** | **TOTAL COMMON STOCKS** |  | 640881038 |
| **0.68%** | **MONEY MARKET FUND** |  |  |
|  | Federated Treasury Obligations Fund 4.170%<sup>(B)</sup> | 4343868 | 4343868 |
| **99.80%** | **TOTAL INVESTMENTS** |  | 645224906 |
| **0.20%** | Other assets, net of liabilities |  | 1315849 |
| **100.00%** | **NET ASSETS** |  | $**646540755** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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<sup>.</sup>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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 July 31, 2025<sup>.</sup>

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 July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1 | Level 2 | Level 3 |  |
|  | <br>Quoted Prices | Other<br>&nbsp;&nbsp;Significant<br>&nbsp;&nbsp;Observable Inputs | Significant<br>&nbsp;&nbsp;&nbsp;Unobservable<br>Inputs | <br>Total |
| COMMON STOCKS | $640881038 | $- | $- | 640881038 |
| MONEY MARKET FUND | 4343868 | - | - | 4343868 |
| TOTAL INVESTMENTS | $645224906 | $- | $- | $645224906 |
| The cost of investments for Federal income tax purposes has been estimated a/o July 31, 2025 since | The cost of investments for Federal income tax purposes has been estimated a/o July 31, 2025 since | The cost of investments for Federal income tax purposes has been estimated a/o July 31, 2025 since |  |  |
| the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income | the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income | the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income |  |  |
| tax purpose is $508,045,090, and the related net unrealized appreciation (depreciation) consists of: | tax purpose is $508,045,090, and the related net unrealized appreciation (depreciation) consists of: | tax purpose is $508,045,090, and the related net unrealized appreciation (depreciation) consists of: |  |  |
|  |  | Gross unrealized appreciation | Gross unrealized appreciation | $158202188 |
|  |  | Gross unrealized depreciation | Gross unrealized depreciation | (21022372) |
|  |  | Net unrealized appreciation | Net unrealized appreciation | $137179816 |

---

## 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:** Applied Finance Select Fund

- **b. EDGAR series identifier (if any):** S000054258

- **c. LEI of Series:** 549300CT708IAZ038H34

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $647141636.33

**Total Liabilities:** $600881.20

**Net Assets:** $646540755.13

**Cash Not Reported:** $1065562.93

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000170411 | 4.59%                | 5.32%                | 0.31%                |
| Class ID C000170412 | 4.61%                | 5.34%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-211654.05              | $25707351.60                               |
| Month 2  | $0.00                    | $32478260.60                               |
| Month 3  | $12464286.10             | $-10691714.81                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ROPER TECHNOLOGI | Roper Technologies, Inc.              | CUSIP: 776696106<br>LEI: N/A | Long             | EC               | CORP              | US        |     33388 | NS      | $18376755.20  | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| PUB SERV ENTERP  | Public Service Enterprise Group, Inc. | CUSIP: 744573106<br>LEI: N/A | Long             | EC               | CORP              | US        |     88216 | NS      | $7920914.64   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA-TENCOR CORP  | KLA Corp.                             | CUSIP: 482480100<br>LEI: N/A | Long             | EC               | CORP              | US        |     23004 | NS      | $20221206.12  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| WALT DISNEY CO   | The Walt Disney Co.                   | CUSIP: 254687106<br>LEI: N/A | Long             | EC               | CORP              | US        |    151499 | NS      | $18045045.89  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| LKQ CORP         | LKQ Corp.                             | CUSIP: 501889208<br>LEI: N/A | Long             | EC               | CORP              | US        |    350743 | NS      | $10336396.21  | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS HEALTH CORP  | CVS Health Corp.                      | CUSIP: 126650100<br>LEI: N/A | Long             | EC               | CORP              | US        |    116204 | NS      | $7216268.40   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM              | International Business Machines Corp. | CUSIP: 459200101<br>LEI: N/A | Long             | EC               | CORP              | US        |     70688 | NS      | $17894667.20  | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC   | Lowe's Cos., Inc.                     | CUSIP: 548661107<br>LEI: N/A | Long             | EC               | CORP              | US        |     54679 | NS      | $12224584.03  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FISERV INC       | Fiserv, Inc.                          | CUSIP: 337738108<br>LEI: N/A | Long             | EC               | CORP              | US        |     75981 | NS      | $10556800.14  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CUMMINS INC      | Cummins, Inc.                         | CUSIP: 231021106<br>LEI: N/A | Long             | EC               | CORP              | US        |     31278 | NS      | $11498418.36  | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| DTE ENERGY CO    | DTE Energy Co.                        | CUSIP: 233331107<br>LEI: N/A | Long             | EC               | CORP              | US        |     52413 | NS      | $7254483.33   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DANAHER CORP     | Danaher Corp.                         | CUSIP: 235851102<br>LEI: N/A | Long             | EC               | CORP              | US        |     39798 | NS      | $7846573.68   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DARDEN RESTAURAN | Darden Restaurants, Inc.              | CUSIP: 237194105<br>LEI: N/A | Long             | EC               | CORP              | US        |     62097 | NS      | $12523101.99  | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| REGENERON PHARM  | Regeneron Pharmaceuticals, Inc.       | CUSIP: 75886F107<br>LEI: N/A | Long             | EC               | CORP              | US        |     13052 | NS      | $7119343.92   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| VALERO ENERGY    | Valero Energy Corp.                   | CUSIP: 91913Y100<br>LEI: N/A | Long             | EC               | CORP              | US        |     68126 | NS      | $9354381.06   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| WABTEC CORP      | Wabtec Corp.                          | CUSIP: 929740108<br>LEI: N/A | Long             | EC               | CORP              | US        |     54847 | NS      | $10533366.35  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| VERIZON COMMUNIC | Verizon Communications, Inc.          | CUSIP: 92343V104<br>LEI: N/A | Long             | EC               | CORP              | US        |    377858 | NS      | $16157208.08  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| THERMO FISHER    | Thermo Fisher Scientific, Inc.        | CUSIP: 883556102<br>LEI: N/A | Long             | EC               | CORP              | US        |     16585 | NS      | $7756472.80   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| ORACLE CORP      | Oracle Corp.                          | CUSIP: 68389X105<br>LEI: N/A | Long             | EC               | CORP              | US        |     96803 | NS      | $24565697.31  | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MASTERCARD INC-A | Mastercard, Inc. Class A              | CUSIP: 57636Q104<br>LEI: N/A | Long             | EC               | CORP              | US        |     23435 | NS      | $13275224.45  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MCKESSON CORP    | McKesson Corp.                        | CUSIP: 58155Q103<br>LEI: N/A | Long             | EC               | CORP              | US        |     11228 | NS      | $7787067.12   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| BANK OF AMERICA  | Bank of America Corp.                 | CUSIP: 060505104<br>LEI: N/A | Long             | EC               | CORP              | US        |    290875 | NS      | $13749661.25  | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCK & CO       | Merck & Company, Inc.                 | CUSIP: 58933Y105<br>LEI: N/A | Long             | EC               | CORP              | US        |     91034 | NS      | $7111576.08   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC      | MetLife, Inc.                         | CUSIP: 59156R108<br>LEI: N/A | Long             | EC               | CORP              | US        |    159048 | NS      | $12079695.60  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| HP INC           | HP, Inc.                              | CUSIP: 40434L105<br>LEI: N/A | Long             | EC               | CORP              | US        |    718473 | NS      | $17818130.40  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| DR HORTON INC    | DR Horton, Inc.                       | CUSIP: 23331A109<br>LEI: N/A | Long             | EC               | CORP              | US        |    100271 | NS      | $14322709.64  | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| INCYTE CORP      | Incyte Corp.                          | CUSIP: 45337C102<br>LEI: N/A | Long             | EC               | CORP              | US        |    133907 | NS      | $10028295.23  | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE   | JPMorgan Chase & Co.                  | CUSIP: 46625H100<br>LEI: N/A | Long             | EC               | CORP              | US        |     48795 | NS      | $14455030.80  | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| FACEBOOK INC-A   | META Platforms, Inc.                  | CUSIP: 30303M102<br>LEI: N/A | Long             | EC               | CORP              | US        |     26339 | NS      | $20371636.16  | 3.15%             |  |  |  | No            |                  1 | On Loan: No      |
| TYSON FOODS-A    | Tyson Foods, Inc. Class A             | CUSIP: 902494103<br>LEI: N/A | Long             | EC               | CORP              | US        |    155328 | NS      | $8123654.40   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| UNION PAC CORP   | Union Pacific Corp.                   | CUSIP: 907818108<br>LEI: N/A | Long             | EC               | CORP              | US        |     43308 | NS      | $9613076.76   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED RENTALS   | United Rentals, Inc.                  | CUSIP: 911363109<br>LEI: N/A | Long             | EC               | CORP              | US        |     13938 | NS      | $12306417.72  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Aptiv Holdings Limited                | CUSIP: G3265R107<br>LEI: N/A | Long             | EC               | CORP              | US        |    215795 | NS      | $14812168.80  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Federated Treasury Obligations Fund   | CUSIP: 60934N500<br>LEI: N/A | Long             | STIV             | RF                | US        |   4343868 | NS      | $4343867.86   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| STRYKER CORP     | Stryker Corp.                         | CUSIP: 863667101<br>LEI: N/A | Long             | EC               | CORP              | US        |     20380 | NS      | $8003837.40   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CONOCOPHILLIPS   | ConocoPhillips                        | CUSIP: 20825C104<br>LEI: N/A | Long             | EC               | CORP              | US        |     97668 | NS      | $9311667.12   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CONSTELLATION-A  | Constellation Brands, Inc.            | CUSIP: 21036P108<br>LEI: N/A | Long             | EC               | CORP              | US        |     51037 | NS      | $8525220.48   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | The Sherwin-Williams Co.              | CUSIP: 824348106<br>LEI: N/A | Long             | EC               | CORP              | US        |     17185 | NS      | $5686172.80   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE GROUP INC-A | CBRE Group, Inc.                      | CUSIP: 12504L109<br>LEI: N/A | Long             | EC               | CORP              | US        |    101172 | NS      | $15756527.28  | 2.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CISCO SYSTEMS    | Cisco Systems, Inc.                   | CUSIP: 17275R102<br>LEI: N/A | Long             | EC               | CORP              | US        |    297894 | NS      | $20280623.52  | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| AMERIPRISE FINAN | Ameriprise Financial, Inc.            | CUSIP: 03076C106<br>LEI: N/A | Long             | EC               | CORP              | US        |     24638 | NS      | $12767165.22  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| QUANTA SERVICES  | Quanta Services, Inc.                 | CUSIP: 74762E102<br>LEI: N/A | Long             | EC               | CORP              | US        |     33371 | NS      | $13552964.23  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Adobe, Inc.                           | CUSIP: 00724F101<br>LEI: N/A | Long             | EC               | CORP              | US        |     49557 | NS      | $17726043.33  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP      | Target Corp.                          | CUSIP: 87612E106<br>LEI: N/A | Long             | EC               | CORP              | US        |     87916 | NS      | $8835558.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TRAVELERS COS IN | The Travelers Companies, Inc.         | CUSIP: 89417E109<br>LEI: N/A | Long             | EC               | CORP              | US        |     48656 | NS      | $12662237.44  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALPHABET INC-C   | Alphabet, Inc. Class A                | CUSIP: 02079K305<br>LEI: N/A | Long             | EC               | CORP              | US        |     93699 | NS      | $17980838.10  | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Keurig Dr Pepper Inc                  | CUSIP: 49271V100<br>LEI: N/A | Long             | EC               | CORP              | US        |    280854 | NS      | $9169883.10   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Steel Dynamics Inc                    | CUSIP: 858119100<br>LEI: N/A | Long             | EC               | CORP              | US        |     45000 | NS      | $5740200.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLE INC        | Apple, Inc.                           | CUSIP: 037833100<br>LEI: N/A | Long             | EC               | CORP              | US        |     91772 | NS      | $19049114.04  | 2.95%             |  |  |  | No            |                  1 | On Loan: No      |
| APPLIED MATERIAL | Applied Materials, Inc.               | CUSIP: 038222105<br>LEI: N/A | Long             | EC               | CORP              | US        |    112018 | NS      | $20169961.08  | 3.12%             |  |  |  | No            |                  1 | On Loan: No      |
| MICROSOFT CORP   | Microsoft Corp.                       | CUSIP: 594918104<br>LEI: N/A | Long             | EC               | CORP              | US        |     42000 | NS      | $22407000.00  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-29

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer