# EDGAR Filing Document

**Accession Number:** 0001396092
**File Stem:** 0001396092-26-000226
**Filing Date:** 2026-4
**Character Count:** 49605
**Document Hash:** 123e095027fbac6f1f99a06cc01e185f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001396092-26-000226.hdr.sgml**: 20260401

**ACCESSION NUMBER**: 0001396092-26-000226

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260401

**DATE AS OF CHANGE**: 20260401

**PERIOD START**: 20261031

**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:** 26825943

**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

### Vest S&P 500 Dividend Aristocrats Target Income Fund (Series ID: S000058211)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000190839 | Class A Shares             | KNGAX           |
| C000190840 | Class C Shares             | KNGCX           |
| C000190841 | Investor Class Shares      | KNGLX           |
| C000190842 | Institutional Class Shares | KNGIX           |
| C000195360 | Class Y Shares             | KNGYX           |
| C000248621 | Class R Shares             | KNGRX           |

## Nport-Ex

**VEST S&P 500 DIVIDEND ARISTOCRATS TARGET INCOME STRATEGY FUND**

**Schedule of Investments**

**January 31, 2026 (unaudited)**

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares** | **Value** |
| **99.17%** | **COMMON STOCKS<sup>(A)</sup>** |  |  |
| **4.25%** | **CONSUMER DISCRETIONARY** |  |  |
|  | Genuine Parts Co. | 5191 | $721497 |
|  | Lowe's Companies, Inc. | 2832 | 756314 |
|  | McDonald's Corp. | 2224 | 700560 |
|  |  |  | 2178371 |
| **22.21%** | **CONSUMER STAPLES** |  |  |
|  | Archer-Daniels-Midland Co. | 11139 | 749766 |
|  | Brown-Forman Corp. Class B | 24551 | 671961 |
|  | Church & Dwight Co. | 7826 | 753252 |
|  | The Clorox Co. | 5835 | 658130 |
|  | The Coca-Cola Co. | 9739 | 728575 |
|  | Colgate-Palmolive Co. | 8635 | 779654 |
|  | Hormel Foods Corp. | 28556 | 702763 |
|  | The JM Smucker Co. | 6584 | 690398 |
|  | Kenvue, Inc. | 45400 | 789960 |
|  | Kimberly-Clark Corp. | 5737 | 573643 |
|  | McCormick & Co., Inc. | 10056 | 621762 |
|  | PepsiCo, Inc. | 4506 | 692257 |
|  | The Procter & Gamble Co. | 4531 | 687670 |
|  | Sysco Corp. | 8774 | 735700 |
|  | Target Corp. | 7335 | 773622 |
|  | Walmart, Inc. | 6437 | 766904 |
|  |  |  | 11376017 |
| **3.19%** | **ENERGY** |  |  |
|  | Chevron Corp. | 4433 | 784198 |
|  | Exxon Mobil Corp. | 6012 | 850097 |
|  |  |  | 1634295 |
| **12.19%** | **FINANCIALS** |  |  |
|  | Aflac, Inc. | 6394 | 709414 |
|  | Brown & Brown, Inc. | 7731 | 557405 |
|  | Cincinnati Financial Corp. | 4436 | 713708 |
|  | Erie Indemnity Co. | 2137 | 604792 |
|  | FactSet Research Systems, Inc. | 2379 | 605122 |
|  | Franklin Resources, Inc. | 30528 | 812655 |
|  | The Progressive Corp. | 2494 | 772043 |

---

**VEST S&P 500 DIVIDEND ARISTOCRATS TARGET INCOME STRATEGY FUND**

**Schedule of Investments**

**January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
| **FINANCIALS Continued** | **Shares** | **Value** |
| S&P 500 Global, Inc. | 1438 | $758962 |
| T Rowe Price Group, Inc. | 6711 | 709218 |
|  |  | 6243319 |

---

---

| | | |
|:---|:---|:---|
| **9.89% HEALTH CARE** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbott Laboratories | 5390 | 589127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Abbvie, Inc. | 3016 | 672598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Becton Dickinson & Co. | 3666 | 745958 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cardinal Health, Inc. | 4323 | 928926 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 3574 | 812192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Medtronic plc | 7191 | 740385 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;West Pharmaceutical Services, Inc. | 2490 | 575489 |
|  |  | 5064675 |

---

---

| | | |
|:---|:---|:---|
| **22.77% INDUSTRIALS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A O Smith Corp. | 10112 | 743131 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Automatic Data Processing, Inc. | 2429 | 599526 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 1342 | 882177 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CH Robinson Worldwide, Inc. | 5424 | 1057409 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cintas Corp. | 3563 | 681923 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dover Corp. | 4114 | 828930 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerson Electric Co. | 5300 | 778888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expeditors International of Washington, Inc. | 5814 | 933380 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fastenal Co. | 16188 | 701912 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Dynamics Corp. | 2039 | 715873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Grainger WW, Inc. | 712 | 768917 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Tool Works, Inc. | 2726 | 712195 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nordson Corp. | 2945 | 808491 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pentair plc | 6307 | 664569 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley Black & Decker, Inc. | 9961 | 783532 |
|  |  | 11660853 |

---

---

| | | |
|:---|:---|:---|
| **2.42% INFORMATION TECHNOLOGY** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;International Business Machines Corp. | 2399 | 735773 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Roper Technologies, Inc. | 1355 | 503017 |
|  |  | 1238790 |

---

**VEST S&P 500 DIVIDEND ARISTOCRATS TARGET INCOME STRATEGY FUND**

**Schedule of Investments**

**January 31, 2026 (unaudited)**

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value** |
| **12.88% MATERIALS** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Air Products and Chemicals, Inc. | 2724 | $742290 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Albemarle Corp. | 7556 | 1289280 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amcor plc | 16944 | 749772 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ecolab, Inc. | 2499 | 704693 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Linde plc | 1533 | 700535 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nucor Corp. | 5047 | 896953 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PPG Industries, Inc. | 6750 | 780502 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sherwin-Williams Co. | 2066 | 732686 |
|  |  | 6596711 |

---

---

| | | |
|:---|:---|:---|
| **4.00% REAL ESTATE** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Essex Property Trust, Inc. REIT | 2610 | 657381 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Federal Realty Investment Trust REIT | 6828 | 690720 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corp. REIT | 11442 | 699793 |
|  |  | 2047894 |

---

---

| | | |
|:---|:---|:---|
| **5.37%** | **UTILITIES** |  |
|  | Atmos Energy Corp. | 647728 |
|  | Consolidated Edison, Inc. | 721352 |
|  | Eversource Energy | 651965 |
|  | NextEra Energy, Inc. | 731767 |
|  |  | 2752812 |
| **99.17%** | **TOTAL COMMON STOCKS** | 50793737 |
|  | (Cost: $37,822,976) |  |
|  | (Cost: $37,822,976) |  |
| **0.69%** | **MONEY MARKET FUND** |  |
|  | Federated Treasury Obligations Fund 3.490%<sup>(B)</sup> | 354580 |
|  | (Cost: $354,580) |  |
| **99.86%** | **TOTAL INVESTMENTS** | 51148317 |
|  | (Cost: $38,177,555) |  |
| **0.14%** | Other assets, net of liabilities | 71152 |
| **100.00%** | **NET ASSETS** |  |
| **100.00%** | **NET ASSETS** | $**51219469** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<sup>(A)</sup>All or a portion of the securities are held as collateral for options written.

&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 January 31, 2026 REIT - Real Estate Investment Trust.

**See Notes to Schedule of Investments.**

**VEST S&P 500 DIVIDEND ARISTOCRATS TARGET INCOME STRATEGY FUND**

**Schedule of Options Written**

**January 31, 2026 (unaudited)**

**(0.23%) OPTIONS WRITTEN**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Number of** | **Notional** | **Exercise** | **Expiration** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Description** | **Contracts** | **Amount** | **Price** | **Date** | **Value** |
| **(0.23%) CALL** |  |  |  |  |  |
| Abbott Laboratories | 14 | (153020) | 105 | 01/30/2026 | (6048) |
| AbbVie, Inc. | 8 | (178408) | 220 | 01/30/2026 | (2400) |
| Aflac, Inc. | 16 | (177520) | 107 | 01/30/2026 | (5520) |
| Albemarle Corp. | 19 | (324197) | 190 | 01/30/2026 | (95) |
| Automatic Data Processing, Inc. | 6 | (148092) | 257.5 | 01/30/2026 | (1290) |
| Cardinal Health, Inc. | 11 | (236368) | 207.5 | 01/30/2026 | (7150) |
| Caterpillar, Inc. | 3 | (197208) | 625 | 01/30/2026 | (9705) |
| Chevron Corp. | 11 | (194590) | 167.5 | 01/30/2026 | (10065) |
| Cintas Corp. | 9 | (172251) | 192.5 | 01/30/2026 | (675) |
| The Coca-Cola Co. | 25 | (187025) | 73 | 01/30/2026 | (4525) |
| Colgate-Palmolive Co. | 22 | (198638) | 86 | 01/30/2026 | (9130) |
| Emerson Electric Co. | 13 | (191048) | 148 | 01/30/2026 | (910) |
| Exxon Mobil Corp. | 15 | (212100) | 136 | 01/30/2026 | (8595) |
| General Dynamics Corp. | 5 | (175545) | 362.5 | 01/30/2026 | (500) |
| Hormel Foods Corp. | 72 | (177192) | 24.5 | 01/30/2026 | (936) |
| International Business Machines Corp | 6 | (184020) | 292.5 | 01/30/2026 | (8268) |
| Johnson & Johnson | 9 | (204525) | 220 | 01/30/2026 | (6777) |
| Kenvue, Inc. | 115 | (200100) | 18 | 01/30/2026 | (230) |
| Kimberly-Clark Corp. | 14 | (139986) | 102 | 01/30/2026 | (70) |
| Lowe's Companies, Inc. | 7 | 0 | 275 | 01/30/2026 | (7) |
| McDonald's Corp. | 6 | (189000) | 310 | 01/30/2026 | (3018) |
| Medtronic plc | 18 | (185328) | 101 | 01/30/2026 | (3114) |
| NextEra Energy, Inc. | 21 | (184590) | 85 | 01/30/2026 | (6237) |
| PepsiCo, Inc. | 11 | (168993) | 144 | 01/30/2026 | (10725) |
| PPG Industries, Inc. | 17 | (196571) | 112 | 01/30/2026 | (5950) |
| The Procter & Gamble Co. | 11 | (166947) | 150 | 01/30/2026 | (2046) |
| S&P 500 Global, Inc. | 4 | (211116) | 532.5 | 01/30/2026 | (1920) |
| Target Corp. | 19 | (200393) | 108 | 01/30/2026 | (19) |
| Walmart, Inc. | 16 | (190624) | 118 | 01/30/2026 | (1936) |
| (Premiums Received: $86,007) |  |  |  |  | (117861) |

---

---

| | |
|:---|:---|
| **(0.23%) TOTAL OPTIONS WRITTEN** | (117861) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(Premiums Received: $86,007) |  |

---

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 January 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1 | Level 2 | Level 3 |  |
|  | <br>Quoted Prices | Other<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant<br>Observable Inputs | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Significant<br>&nbsp;&nbsp;&nbsp;&nbsp;Unobservable<br>Inputs | <br>Total |
| COMMON STOCKS | $50793737 | $- | $- | $50793737 |
| MONEY MARKET FUND | 354580 | - | - | 354580 |
| TOTAL INVESTMENTS | $51148317 | $- | $- | $51148317 |
| OPTIONS WRITTEN | (117861) | - | - | (117861) |
| TOTAL SHORT INVESTME | $(117861) | $- | $- | $(117861) |

---

The cost of investments for Federal income tax purposes has been estimated a/o January 31, 2026 since the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income tax purpose is $38,091,548, and the related net unrealized appreciation (depreciation) consists of:

---

| | |
|:---|:---|
| Gross unrealized appreciation | $13582968 |
| Gross unrealized depreciation | (644060) |
| &nbsp;&nbsp;&nbsp;Net unrealized appreciation | $12938908 |

---

## 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:** Vest S&P 500 Dividend Aristocrats Target Income Fund

- **b. EDGAR series identifier (if any):** S000058211

- **c. LEI of Series:** 549300NAJJ71O0PQDT80

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-01-31

**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:** $51378327.13

**Total Liabilities:** $276742.76

**Net Assets:** $51101584.37

**Cash Not Reported:** $110850.44

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000190839 | 3.21%                | -0.29%               | 4.94%                |
| Class ID C000190840 | 3.22%                | -0.41%               | 4.80%                |
| Class ID C000190841 | 3.19%                | -0.28%               | 4.92%                |
| Class ID C000190842 | 3.20%                | -0.23%               | 4.85%                |
| Class ID C000195360 | 3.19%                | -0.22%               | 4.91%                |
| Class ID C000248621 |  |  |  |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-481577.48              | $1869973.98                                |
| Month 2  | $-361505.19              | $-101252.36                                |
| Month 3  | $-293559.50              | $2560781.98                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 500TR

### 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        |      1355 | NS      | $503016.65    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| ATMOS ENERGY                          | Atmos Energy Corp.                           | CUSIP: 049560105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3894 | NS      | $647727.96    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| PROCTER & GAMBLE                      | The Procter & Gamble Co.                     | CUSIP: 742718109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4531 | NS      | $687669.87    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTOMATIC DATA                        | Automatic Data Processing, Inc.              | CUSIP: 053015103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2429 | NS      | $599525.78    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JOHNSON&JOHNSON                       | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3574 | NS      | $812191.50    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| KIMBERLY-CLARK                        | Kimberly-Clark Corp.                         | CUSIP: 494368103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5737 | NS      | $573642.63    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| DOVER CORP                            | Dover Corp.                                  | CUSIP: 260003108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4114 | NS      | $828929.86    | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AFLAC INC                             | Aflac, Inc.                                  | CUSIP: 001055102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6394 | NS      | $709414.30    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ECOLAB INC                            | Ecolab, Inc.                                 | CUSIP: 278865100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2499 | NS      | $704693.01    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBOTT LABS                           | Abbott Laboratories                          | CUSIP: 002824100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5390 | NS      | $589127.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| EMERSON ELEC CO                       | Emerson Electric Co.                         | CUSIP: 291011104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5300 | NS      | $778888.00    | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ILLINOIS TOOL WO                      | Illinois Tool Works, Inc.                    | CUSIP: 452308109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2726 | NS      | $712194.76    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| CATERPILLAR INC                       | Caterpillar, Inc.                            | CUSIP: 149123101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1342 | NS      | $882177.12    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| ESSEX PROPERTY                        | Essex Property Trust, Inc.                   | CUSIP: 297178105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2610 | NS      | $657380.70    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                                   | International Business Machines Corp.        | CUSIP: 459200101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2399 | NS      | $735773.30    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEVRON CORP                          | Chevron Corp.                                | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4433 | NS      | $784197.70    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CHURCH & DWIGHT                       | Church & Dwight Co.                          | CUSIP: 171340102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7826 | NS      | $753252.50    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FACTSET RESEARCH                      | FactSet Research Systems Inc                 | CUSIP: 303075105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2379 | NS      | $605122.44    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Fastenal Co.                          | Fastenal Co.                                 | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |     16188 | NS      | $701911.68    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| AIR PRODS & CHEM                      | Air Products and Chemicals, Inc.             | CUSIP: 009158106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2724 | NS      | $742290.00    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| COCA-COLA CO/THE                      | The Coca-Cola Co.                            | CUSIP: 191216100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9739 | NS      | $728574.59    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                        | Albemarle Corp.                              | CUSIP: 012653101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7556 | NS      | $1289280.28   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| LOWE'S COS INC                        | Lowe's Cos., Inc.                            | CUSIP: 548661107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2832 | NS      | $756313.92    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| COLGATE-PALMOLIV                      | Colgate-Palmolive Co.                        | CUSIP: 194162103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8635 | NS      | $779654.15    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| CONS EDISON INC                       | Consolidated Edison, Inc.                    | CUSIP: 209115104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6765 | NS      | $721351.95    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| BECTON DICKINSON                      | Becton Dickinson & Co.                       | CUSIP: 075887109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3666 | NS      | $745957.68    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| FRANKLIN RES INC                      | Franklin Resources, Inc.                     | CUSIP: 354613101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     30528 | NS      | $812655.36    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL DYNAMICS                      | General Dynamics Corp.                       | CUSIP: 369550108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2039 | NS      | $715872.51    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| GENUINE PARTS CO                      | Genuine Parts Co.                            | CUSIP: 372460105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5191 | NS      | $721497.09    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group, Inc.              | T Rowe Price Group, Inc.                     | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      6711 | NS      | $709218.48    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| MEDTRONIC PLC                         | Medtronic plc                                | CUSIP: G5960L103<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      7191 | NS      | $740385.36    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | CALL XOM US Equity 01/30/26 C136             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -15 | NS      | $-8595.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Target Corp.                          | CALL TGT US Equity 01/30/26 C108             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -19 | NS      | $-19.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| S&P Global, Inc.                      | CALL SPGI US Equity 01/30/26 C532.5          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -4 | NS      | $-1920.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PPG Industries, Inc.                  | CALL PPG US Equity 01/30/26 C112             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -17 | NS      | $-5950.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| The Procter & Gamble Co.              | CALL PG US Equity 01/30/26 C150              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -11 | NS      | $-2046.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy, Inc.                  | CALL NEE US Equity 01/30/26 C85              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -21 | NS      | $-6237.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Medtronic plc                         | CALL MDT US Equity 01/30/26 C101             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -18 | NS      | $-3114.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lowe's Cos., Inc.                     | CALL LOW US Equity 01/30/26 C275             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -7 | NS      | $-7.00        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Kenvue, Inc.                          | CALL KVUE US Equity 01/30/26 C18             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -115 | NS      | $-230.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| The Coca-Cola Co.                     | CALL KO US Equity 01/30/26 C73               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -25 | NS      | $-4525.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| General Dynamics Corp.                | CALL GD US Equity 01/30/26 C362.5            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -5 | NS      | $-500.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Emerson Electric Co.                  | CALL EMR US Equity 01/30/26 C148             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -13 | NS      | $-910.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Colgate-Palmolive Co.                 | CALL CL US Equity 01/30/26 C86               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -22 | NS      | $-9130.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Caterpillar, Inc.                     | CALL CAT US Equity 01/30/26 C625             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -3 | NS      | $-9705.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Albemarle Corp.                       | CALL ALB US Equity 01/30/26 C190             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -19 | NS      | $-95.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Aflac, Inc.                           | CALL AFL US Equity 01/30/26 C107             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -16 | NS      | $-5520.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Abbott Laboratories                   | CALL ABT US Equity 01/30/26 C105             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -14 | NS      | $-6048.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Walmart, Inc.                         | CALL Walmart, Inc. 01/30/2026 C118           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -16 | NS      | $-1936.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| McDonald's Corp.                      | CALL McDonald's Corp. 01/30/2026 C310        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NS      | $-3018.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Kimberly-Clark Corp.                  | CALL Kimberly-Clark Corp 01/30/2026 C102     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -14 | NS      | $-70.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Johnson & Johnson                     | CALL Johnson & Johnson 01/30/2026 C220       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -9 | NS      | $-6777.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| International Business Machines Corp. | CALL International Busi 1/30/2026 C292.5     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NS      | $-8268.00     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Hormel Foods Corp.                    | CALL Hormel Foods Corp. 01/30/2026 C24.5     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -72 | NS      | $-936.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Chevron Corp.                         | CALL Chevron Corp. 01/30/2026 C167.5         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -11 | NS      | $-10065.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Cintas Corp.                          | CALL Cintas Corp. 01/30/2026 C192.5          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -9 | NS      | $-675.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Cardinal Health, Inc.                 | CALL Cardinal Health 01/30/2026 C207.5       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -11 | NS      | $-7150.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Automatic Data Processing, Inc.       | CALL Automatic Data Pr 01/30/2026 C257.5     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -6 | NS      | $-1290.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| AbbVie, Inc.                          | CALL AbbVie, Inc. 01/30/2026 C220            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |        -8 | NS      | $-2400.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| PepsiCo, Inc.                         | CALL PepsiCo, Inc. 01/30/2026 C144           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |       -11 | NS      | $-10725.00    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY                        | NextEra Energy, Inc.                         | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8325 | NS      | $731767.50    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| EXXON MOBIL CORP                      | Exxon Mobil Corp.                            | CUSIP: 30231G102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6012 | NS      | $850096.80    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P GLOBAL INC                        | S&P Global, Inc.                             | CUSIP: 78409V104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1438 | NS      | $758962.02    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Federated Treasury Obligations Fund          | CUSIP: 60934N500<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    354580 | NS      | $354579.76    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Cincinnati Financial Corp.                   | CUSIP: 172062101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4436 | NS      | $713708.04    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | The Clorox Co.                               | CUSIP: 189054109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5835 | NS      | $658129.65    | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Grainger WW, Inc.                            | CUSIP: 384802104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       712 | NS      | $768917.28    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| SYSCO CORP                            | Sysco Corp.                                  | CUSIP: 871829107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8774 | NS      | $735699.90    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Brown-Forman Corp. Class B                   | CUSIP: 115637209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     24551 | NS      | $671960.87    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Cintas Corp.                                 | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3563 | NS      | $681922.57    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Hormel Foods Corp.                           | CUSIP: 440452100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     28556 | NS      | $702763.16    | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | McCormick & Co., Inc.                        | CUSIP: 579780206<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10056 | NS      | $621762.48    | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Pentair plc                                  | CUSIP: G7S00T104<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |      6307 | NS      | $664568.59    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | The Sherwin-Williams Co.                     | CUSIP: 824348106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2066 | NS      | $732686.24    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | A O Smith Corp.                              | CUSIP: 831865209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10112 | NS      | $743130.88    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CH ROBINSON                           | CH Robinson Worldwide, Inc.                  | CUSIP: 12541W209<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5424 | NS      | $1057408.80   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CARDINAL HEALTH                       | Cardinal Health, Inc.                        | CUSIP: 14149Y108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4323 | NS      | $928926.24    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Chubb Ltd.                                   | CUSIP: H1467J104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2494 | NS      | $772042.64    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Expeditors International of Washington, Inc. | CUSIP: 302130109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5814 | NS      | $933379.56    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Amcor plc                                    | CUSIP: G0250X149<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     16944 | NS      | $749772.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| FED REALTY INVS                       | Federal Realty Investment Trust              | CUSIP: 313745101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6828 | NS      | $690720.48    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Brown & Brown, Inc.                          | CUSIP: 115236101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7731 | NS      | $557405.10    | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TARGET CORP                           | Target Corp.                                 | CUSIP: 87612E106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7335 | NS      | $773622.45    | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| ABBVIE INC                            | AbbVie, Inc.                                 | CUSIP: 00287Y109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3016 | NS      | $672598.16    | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Linde plc                                    | CUSIP: G54950103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1533 | NS      | $700535.01    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Kenvue, Inc.                                 | CUSIP: 49177J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     45400 | NS      | $789960.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| WAL-MART STORES                       | Walmart, Inc.                                | CUSIP: 931142103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6437 | NS      | $766904.18    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| WEST PHARMACEUT                       | West Pharmaceutical Services, Inc.           | CUSIP: 955306105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2490 | NS      | $575488.80    | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Eversource Energy                            | CUSIP: 30040W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9431 | NS      | $651965.03    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Default                               | Erie Indemnity Company- Cl A                 | CUSIP: 29530P102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2137 | NS      | $604792.37    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| PEPSICO INC                           | PepsiCo, Inc.                                | CUSIP: 713448108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      4506 | NS      | $692256.78    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| MCDONALDS CORP                        | McDonald's Corp.                             | CUSIP: 580135101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2224 | NS      | $700560.00    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| ARCHER-DANIELS                        | Archer-Daniels-Midland Co.                   | CUSIP: 039483102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11139 | NS      | $749766.09    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| NORDSON CORP                          | Nordson Corp.                                | CUSIP: 655663102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2945 | NS      | $808490.85    | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| NUCOR CORP                            | Nucor Corp.                                  | CUSIP: 670346105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5047 | NS      | $896952.84    | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG INDS INC                          | PPG Industries, Inc.                         | CUSIP: 693506107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6750 | NS      | $780502.50    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| REALTY INCOME                         | Realty Income Corp.                          | CUSIP: 756109104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11442 | NS      | $699792.72    | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| JM SMUCKER CO                         | The JM Smucker Co.                           | CUSIP: 832696405<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      6584 | NS      | $690398.24    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK &                       | Stanley Black & Decker, Inc.                 | CUSIP: 854502101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9961 | NS      | $783532.26    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-23

**Name of Applicant:** World Funds Trust

**Signature:** Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer