# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001396092-26-000173
**Filing Date:** 2026-3
**Character Count:** 14242
**Document Hash:** 763bf517929b9aec1d796ae59b141c57
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001396092-26-000173.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0001396092-26-000173

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**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:** 26706479

**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

### The Cook & Bynum Fund (Series ID: S000086401)

| Class ID   | Class Name            | Ticker Symbol   |
|:---|:---|:---|
| C000251944 | The Cook & Bynum Fund | COBYX           |

## Nport-Ex

**THE COOK AND BYNUM FUND**

**Schedule of Investments**

**December 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **82.44%** | **COMMON STOCKS** |  |  |
| **16.70%** | **BREWERIES** |  |  |
|  | Ambev SA ADR<sup>(A)</sup> | 483092 | $1193237 |
|  | Anheuser-Busch InBev SA/NV ADR | 128304 | 8216588 |
|  | Union de Cervecerias Peruanas Backus y Johnston SA<sup>(A)</sup> | 600000 | 3748773 |
|  |  |  | 13158598 |

---

---

| | | | |
|:---|:---|:---|:---|
| **20.05%** | **CONGLOMERATES** |  |  |
|  | Berkshire Hathaway - Class B<sup>(A)</sup> | 31436 | 15801305 |
| **5.66%** | **CONSUMER STAPLES - MERCHANDISE RETAIL** |  |  |
|  | AG Anadolu Grubu Holding AS<sup>(A)</sup> | 3880000 | 2594381 |
|  | BIM Birlesik Magazalar AS | 149000 | 1862413 |
|  |  |  | 4456794 |
| **1.57%** | **HEALTH CARE SERVICES** |  |  |
|  | Euroeyes International Eye Clinic, Ltd. | 3166000 | 1236671 |
| **0.56%** | **INDUSTRIAL MACHINERY & SUPPLIES & COMPONENTS** |  |  |
|  | Gesco SE | 26532 | 444320 |
| **8.42%** | **RETAIL - CONVENIENCE STORES** |  |  |
|  | CP ALL plc | 819652 | 1125217 |
|  | Fomento Economico Mexicano SAB de CV ADR | 54513 | 5509629 |
|  |  |  | 6634846 |
| **25.00%** | **SOFT DRINK BOTTLING AND DISTRIBUTION** |  |  |
|  | Arca Continental S.A.B. de C.V. | 1820263 | 19699173 |
| **4.48%** | **WIRED AND WIRELESS TELECOMMUNICATIONS CARRIERS** | **WIRED AND WIRELESS TELECOMMUNICATIONS CARRIERS** |  |
|  | Liberty Latin America Ltd. Class A<sup>(A)</sup> | 81841 | 604805 |
|  | Liberty Latin America Ltd. Class C<sup>(A)</sup> | 391948 | 2923932 |
|  |  |  | 3528737 |
| **82.44%** | **TOTAL COMMON STOCKS** |  | 64960444 |
|  | (Cost: $44,798,609) |  |  |

---

**THE COOK AND BYNUM FUND**

**Schedule of Investments**

**December 31, 2025 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;**Shares** | &nbsp;&nbsp;&nbsp;&nbsp;**Value** |
| **11.95%** | **PREFERRED STOCKS** |  |  |
| **11.95%** | **SOFT DRINK BOTTLING AND DISTRIBUTION** |  |  |
|  | Coca-Cola Embonor SA | 5301259 | $9415672 |
| **11.95%** | **TOTAL PREFERRED STOCKS** |  | 9415672 |
|  | (Cost: $10,125,461) |  |  |
| **2.14%** | **SHORT TERM INVESTMENTS** |  |  |
| **2.14%** | **US TREASURY BILL** |  |  |
|  | US Treasury Bill 01/02/2026 0.020%<sup>(B)</sup> | 1685000 | 1684819 |
|  | (Cost: $1,684,819) |  |  |
| **2.14%** | **TOTAL SHORT TERM INVESTMENTS** |  | 1684819 |
|  | (Cost: $1,684,819) |  |  |
| **96.53%** | **TOTAL INVESTMENTS** |  | 76060935 |
|  | (Cost: $56,608,889) |  |  |
| **3.47%** | Other assets, net of liabilities |  | 2735923 |
| **100.00%** | **NET ASSETS** |  | $**78796858** |

---

&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;<sup>(B)</sup>Zero coupon security. The rate shown is the yield-to-maturity as of December 31, 2025

ADR - Security represented is held by the custodian in the form of American Depositary Receipts.

**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 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 prces in active markets for identical securities.

Level 2 includes other significant observable inputs (including quoted prices for similar securities, interet 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 December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  |  | Level 2 | Level 3 |  |
|  |  | Other<br>&nbsp;&nbsp;&nbsp;&nbsp;Significant<br>&nbsp;&nbsp;&nbsp;&nbsp;Observable Inputs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unobservable<br>Inputs | <br>Total |
| COMMON STOCKS | $64960444 | $- | $- | $64960444 |
| PREFERRED STOCKS | 9415672 | - | - | 9415672 |
| SHORT TERM INVESTMENTS | - | 1684819 | - | 1684819 |
|  | $74376116 | $1684819 | $- | $76060935 |

---

The cost of investments for Federal income tax purposes has been estimated a/o December 31, 2025 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $56,608,889, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation | $27489140 |
| Gross unrealized depreciation | (8037094) |
| Net unrealized appreciation | $19452046 |

---

## 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:** The Cook & Bynum Fund

- **b. EDGAR series identifier (if any):** S000086401

- **c. LEI of Series:** 549300AREIVLMQ2VQJ40

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

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $78865508.29

**Total Liabilities:** $68649.84

**Net Assets:** $78796858.45

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251944 | -3.04%               | 3.98%                | 3.24%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-39476.08               | $-2311647.98                               |
| Month 2  | $-185528.73              | $3008687.85                                |
| Month 3  | $-196923.26              | $2723812.50                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BERKSHIRE HATH-B | Berkshire Hathaway Class B                             | CUSIP: 084670702<br>LEI: N/A | Long             | EC               | CORP              | US        |     31436 | NS      | $15801305.40  | 20.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Ambev SA                                               | CUSIP: 02319V103<br>LEI: N/A | Long             | EC               | CORP              | BR        |    483092 | NS      | $1193237.24   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Fomento Economico Mexicano, S.A.B de CV                | CUSIP: 344419106<br>LEI: N/A | Long             | EC               | CORP              | MX        |     54513 | NS      | $5509628.91   | 6.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Arca Continental S.A.B. de C.V.                        | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | MX        |   1820263 | NS      | $19699172.85  | 25.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Default          | BIM Birlesik Magazalar A.S.                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TR        |    149000 | NS      | $1862413.21   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Union de Cervecerias Peruanas Backus y Johnston S.A.A. | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | PE        |    600000 | NS      | $3748772.71   | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Anheuser-Busch Inbev SA/NV                             | CUSIP: 03524A108<br>LEI: N/A | Long             | EC               | CORP              | BE        |    128304 | NS      | $8216588.16   | 10.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Liberty Latin America Ltd.                             | CUSIP: G9001E128<br>LEI: N/A | Long             | EC               | CORP              | BM        |    391948 | NS      | $2923932.08   | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | GESCO SE                                               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | DE        |     26532 | NS      | $444320.28    | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Liberty Latin America Ltd. - CL A                      | CUSIP: G9001E102<br>LEI: N/A | Long             | EC               | CORP              | BM        |     81841 | NS      | $604804.99    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | EuroEyes International Eye Clinc Limited               | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | KY        |   3166000 | NS      | $1236671.08   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | Coca-Cola Embonor S.A.                                 | CUSIP: N/A<br>LEI: N/A       | Long             | EP               | CORP              | CL        |   5301259 | NS      | $9415672.48   | 11.95%            |  |  |  | No            |                  1 | On Loan: No      |
| Default          | US Bank Money Market Demand Account                    | CUSIP: 8AMMF0A76<br>LEI: N/A | Long             | STIV             | RF                | US        |    248049 | NS      | $248048.74    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | AG ANADOLU GRUBU HOLDING AS                            | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TR        |   3880000 | NS      | $2594380.51   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | CP ALL PCL-FOREIGN                                     | CUSIP: N/A<br>LEI: N/A       | Long             | EC               | CORP              | TH        |    819652 | NS      | $1125216.63   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Default          | United States Treasury Bill                            | CUSIP: 912797RA7<br>LEI: N/A | Long             | DBT              | UST               | US        |   1685000 | PA      | $1684819.28   | 2.14%             | 2026-01-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-30

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer