0001752724-23-200224.txt : 20230905 0001752724-23-200224.hdr.sgml : 20230905 20230905124726 ACCESSION NUMBER: 0001752724-23-200224 CONFORMED SUBMISSION TYPE: NPORT-P/A PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230630 FILED AS OF DATE: 20230905 DATE AS OF CHANGE: 20230905 PERIOD START: 20230930 FILER: COMPANY DATA: COMPANY CONFORMED NAME: World Funds Trust CENTRAL INDEX KEY: 0001396092 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: NPORT-P/A SEC ACT: 1940 Act SEC FILE NUMBER: 811-22172 FILM NUMBER: 231234890 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 0001396092 S000052714 Clifford Capital Partners Fund C000165524 Investor Class CLFFX C000165525 Institutional Class CLIFX C000214943 Super Institutional Class CLIQX NPORT-P/A 1 primary_doc.xml NPORT-P/A false 0001752724-23-180023 0001396092 XXXXXXXX S000052714 C000165525 C000165524 C000214943 World Funds Trust 811-22172 0001396092 5493007BOSPYEMKSSY03 8730 Stony Point Parkway Suite 205 Richmond 23235 800-673-0550 Clifford Capital Partners Fund S000052714 549300W49IG2LD902575 2023-09-30 2023-06-30 N 113192120.18 79545.82 113112574.36 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1846.90000000 N FEDER-GVT OB-IS N/A Federated Institutional Prime Obligations Fund Institutional Class 60934N203 1659054.15600000 NS USD 1659343.36000000 1.466983993060 Long STIV RF US N 1 N N N CISCO SYSTEMS N/A Cisco Systems, Inc. 17275R102 64900.00000000 NS USD 3357926.00000000 2.968658452872 Long EC CORP US N 1 N N N AUTOZONE INC N/A AutoZone, Inc. 053332102 1920.00000000 NS USD 4787251.20000000 4.232289139458 Long EC CORP US N 1 N N N Default N/A GSK PLC-SPON ADR 37733W204 94700.00000000 NS USD 3375108.00000000 2.983848629647 Long EC CORP GB N 1 N N N GENERAL MILLS IN N/A General Mills, Inc. 370334104 57300.00000000 NS USD 4394910.00000000 3.885430090214 Long EC CORP US N 1 N N N CARDINAL HEALTH N/A Cardinal Health, Inc. 14149Y108 60600.00000000 NS USD 5730942.00000000 5.066582590331 Long EC CORP US N 1 N N N Default N/A PERDOCEO EDUCATION CORP 71363P106 252500.00000000 NS USD 3098175.00000000 2.739019085658 Long EC CORP US N 1 N N N Default N/A First Citizens BancShares, Inc. 31946M103 2520.00000000 NS USD 3234294.00000000 2.859358491573 Long EC CORP US N 1 N N N HNI CORP N/A HNI Corp. 404251100 76600.00000000 NS USD 2158588.00000000 1.908353701799 Long EC CORP US N 1 N N N JOHNSON&JOHNSON N/A Johnson & Johnson 478160104 22300.00000000 NS USD 3691096.00000000 3.263205723045 Long EC CORP US N 1 N N N COMMUNI TRUST BA N/A Community Trust Bancorp, Inc. 204149108 102400.00000000 NS USD 3642368.00000000 3.220126516091 Long EC CORP US N 1 N N N Default N/A Qurate Retail, Inc. Class A 74915M100 479800.00000000 NS USD 474906.04000000 0.419852560767 Long EC CORP US N 1 N N N AMERICAN EXPRESS N/A American Express Co. 025816109 28500.00000000 NS USD 4964700.00000000 4.389167188608 Long EC CORP US N 1 N N N SCHLUMBERGER LTD N/A Schlumberger Ltd. 806857108 82600.00000000 NS USD 4057312.00000000 3.586968135909 Long EC CORP US N 1 N N N COMPASS MINERALS N/A Compass Minerals International, Inc. 20451N101 82400.00000000 NS USD 2801600.00000000 2.476824540376 Long EC CORP US N 1 N N N BIG LOTS INC N/A Big Lots, Inc. 089302103 317500.00000000 NS USD 2803525.00000000 2.478526384765 Long EC CORP US N 1 N N N STERICYCLE INC N/A Stericycle, Inc. 858912108 75000.00000000 NS USD 3483000.00000000 3.079233250332 Long EC CORP US N 1 N N N WESTAMERICA BANC N/A Westamerica Bancorp. 957090103 100200.00000000 NS USD 3837660.00000000 3.392779292411 Long EC CORP US N 1 N N N EBAY INC N/A eBay Inc. 278642103 84600.00000000 NS USD 3780774.00000000 3.342487801548 Long EC CORP US N 1 N N N NCR CORP N/A NCR Corp. 62886E108 209700.00000000 NS USD 5284440.00000000 4.671841331434 Long EC CORP US N 1 N N N RAYTHEON CO N/A Raytheon Co. 75513E101 42600.00000000 NS USD 4173096.00000000 3.689329876551 Long EC CORP US N 1 N N N KRAFT HEINZ CO/T N/A Kraft Heinz Co./The 500754106 120100.00000000 NS USD 4263550.00000000 3.769297997259 Long EC CORP US N 1 N N N Default N/A DXC TECHNOLOGY CO 23355L106 173600.00000000 NS USD 4638592.00000000 4.100863256137 Long EC CORP US N 1 N N N Default N/A LIBERTY OILFIELD SERVICES -A 53115L104 185400.00000000 NS USD 2478798.00000000 2.191443359878 Long EC CORP US N 1 N N N Default N/A HALEON PLC-ADR-W/I 405552100 370300.00000000 NS USD 3103114.00000000 2.743385532119 Long EC CORP GB N 1 N N N Default N/A Sealed Air Corp. 81211K100 63600.00000000 NS USD 2544000.00000000 2.249086818502 Long EC CORP US N 1 N N N 3M CO N/A 3M Co. 88579Y101 31500.00000000 NS USD 3152835.00000000 2.787342625555 Long EC CORP US N 1 N N N Default N/A Pitney Bowes Inc. 724479100 1148800.00000000 NS USD 4066752.00000000 3.595313803978 Long EC CORP US N 1 N N N CVB FINANCIAL N/A CVB Financial Corp. 126600105 285000.00000000 NS USD 3784800.00000000 3.346047087527 Long EC CORP US N 1 N N N EVERTEC INC N/A EVERTEC, Inc. 30040P103 115900.00000000 NS USD 4268597.00000000 3.773759923821 Long EC CORP PR N 1 N N N Default N/A VODAFONE GROUP PLC-ADR 92857W308 242300.00000000 NS USD 2289735.00000000 2.024297486778 Long EC CORP GB N 1 N N N Default N/A LIBERTY MEDIA CORP-SIRIUSXM A 531229409 109000.00000000 NS USD 3576290.00000000 3.161708607760 Long EC CORP US N 1 N N N 2023-07-31 World Funds Trust Ann MacDonald Ann MacDonald Principal XXXX NPORT-EX 2 281.htm CFS_281_20230630_20230905151817623.pdf

 

 

CLIFFORD CAPITAL PARTNERS FUND

 

 

 

 

SCHEDULE OF INVESTMENTS

 

 

 

 

June 30, 2023 (unaudited)

 

 

 

 

Shares

 

Fair Value

98.40%

COMMON STOCKS

 

 

 

5.19%

COMMUNICATION SERVICES

 

 

 

 

Liberty Media Corp-Liberty Sirius XM (A)

109,000

$

3,576,290

 

Vodafone Group PLC

242,300

 

2,289,735

 

 

 

 

5,866,025

13.21%

CONSUMER DISCRETIONARY

 

 

 

 

AutoZone, Inc.(A)

1,920

 

4,787,251

 

Big Lots, Inc.

317,500

 

2,803,525

 

eBay Inc.

84,600

 

3,780,774

 

Perdoceo Education Corp.(A)

252,500

 

3,098,175

 

Qurate Retail, Inc. - Class A(A)

479,800

 

474,906

 

 

 

 

14,944,631

10.40%

CONSUMER STAPLES

 

 

 

 

General Mills, Inc.

57,300

 

4,394,910

 

Haleon PLC-ADR

370,300

 

3,103,114

 

The Kraft Heinz Co.

120,100

 

4,263,550

 

 

 

 

11,761,574

5.78%

ENERGY

 

 

 

 

Liberty Energy, Inc.

185,400

 

2,478,798

 

Schlumberger Ltd.

82,600

 

4,057,312

 

 

 

 

6,536,110

20.98%

FINANCIALS

 

 

 

 

American Express Co.

28,500

 

4,964,700

 

Community Trust Bancorp, Inc.

102,400

 

3,642,368

 

CVB Financial Corp.

285,000

 

3,784,800

 

EVERTEC, Inc.

115,900

 

4,268,597

 

First Citizens BancShares, Inc.

2,520

 

3,234,294

 

Westamerica Bancorp.

100,200

 

3,837,660

 

 

 

 

23,732,419

11.31%

HEALTH CARE

 

 

 

 

Cardinal Health, Inc.

60,600

 

5,730,942

 

GSK PLC

94,700

 

3,375,108

 

Johnson & Johnson

22,300

 

3,691,096

 

 

 

 

12,797,146

15.06%

INDUSTRIALS

 

 

 

 

3M Company

31,500

 

3,152,835

 

HNI Corp.

76,600

 

2,158,588

 

Pitney Bowes, Inc.

1,148,800

 

4,066,752

 

Raytheon Technologies Corp.

42,600

 

4,173,096

 

Stericycle, Inc.(A)

75,000

 

3,483,000

 

 

 

 

17,034,271

11.74%

INFORMATION TECHNOLOGY

 

 

 

 

Cisco Systems, Inc.

64,900

 

3,357,926

 

DXC Technology Co.(A)

173,600

 

4,638,592

 

NCR Corp.(A)

209,700

 

5,284,440

 

 

 

 

13,280,958

4.73%

MATERIALS

 

 

 

 

Compass Minerals International, Inc.

82,400

 

2,801,600

 

Sealed Air Corp.

63,600

 

2,544,000

 

 

 

 

5,345,600

98.40%

TOTAL COMMON STOCKS

 

 

111,298,734

1.46%

MONEY MARKET FUNDS

 

 

 

 

Federal Institutional Prime Obligations Fund

 

 

 

 

Institutional Class 5.19%(B)

1,659,054

 

1,659,344

99.86%

TOTAL INVESTMENTS

 

 

112,958,078

0.14%

Liabilities in excess of other assets

 

 

154,496

100.00%

NET ASSETS

 

$

113,112,574

(A)Non-income producing

CLIFFORD CAPITAL PARTNERS FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 (unaudited)

Shares

Fair Value

(B)Effective 7 day yield as of June 30, 2023

CLIFFORD CAPITAL PARTNERS FUND

SCHEDULE OF INVESTMENTS

June 30, 2023 (unaudited)

Shares

Fair Value

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 is a summary of the inputs used to value the Fund’s investments as of June 30, 2023:

 

 

 

 

Level 2

 

Level 3

 

 

 

 

 

 

Other Significant

Significant

 

 

 

 

 

 

Observable

Unobservable

 

 

 

 

Quoted Prices

 

Inputs

 

Inputs

 

Total

Common Stocks

$

111,298,734

$

-

$

-

$

111,298,734

Money Market Funds

 

1,659,344

 

 

 

 

 

1,659,344

Total Investments

$

112,958,078

$

-

$

-

$

112,958,078

The Fund held no Level 3 securities at any time during the period.

 

 

 

 

 

 

 

 

There were no transfers into or out of Levels 1 and 2 during the period ended June 30, 2023.

 

 

 

 

 

 

At June 30, 2023 the cost of investments for Federal income tax purposes has been estimated since the final tax characteristics cannot be determined

 

 

 

until fiscal year end. Cost of securities for Federal income tax purpose is $115,492,331 and the related tax-based net unrealized appreciation (depreciation)

 

 

consists of:

 

 

 

 

 

 

 

 

 

 

 

Gross unrealized appreciation

 

$

13,258,498

 

 

 

Gross unrealized depreciation

 

 

(15,792,751)

 

 

 

Net unrealized appreciation

 

$

(2,534,253)