World Funds Trust NPORT-PT-Rex 2X Inverse Bitcoin Daily Target ETF (Sep 2024 report)

Filed: 25 Nov 24, 4:28pm



T-REX 2X INVERSE BITCOIN DAILY ETF
Schedule of Investments	September 30, 2024 (unaudited)


	Shares		Value
MONEY MARKET FUNDS - 9.62%
First American Treasury Obligations Fund 4.787%^(a)		203,779	$	203,779

TOTAL INVESTMENTS - 9.62%				203,779
Other Assets In Excess of Liabilities - 90.38% ^(b)				1,914,462
TOTAL NET ASSETS - 100.00%			$	2,118,241

SWAP CONTRACTS
EQUITY SWAP CONTRACTS

Reference

Entity/

Pay/Receive

Equity on

Financing

Pay/Receive

Termination

Notional

Unrealized
Appreciation

Counterparty

Obligation

Reference Entity

Rate

Frequency

Date

Contracts

Amount

(Depreciation)

Clear Street Derivatives LLC

iShares Bitcoin Trust

Pay

3.83% (-1.00%

Spread plus

OBFR01^(c) )

Quarterly

7/30/2026

117,393

4,131,123

(85,824

)

TOTAL EQUITY SWAP CONTRACTS

117,393

4,131,123

(85,824

)

^(a) Effective 7 day yield as of September 30,2024
^(b) Includes cash which is being held as collateral for total return swap contracts.
^(c)OBFR01 - Overnight Bank Funding Rate, 4.83% as of September 30, 2024.

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 September 30, 2024.

	Level 1		Level 2			Level 3
			Other			Significant
			Significant			Unobservable
	Quoted Prices		Observable Inputs			Inputs		Total
Money Market Funds	$	203,779	$	-		$	-	$	203,779
Total Return Swap Contracts	$	-	$	(85,824	)	$	-	$	(85,824	)

The cost of investments for Federal income tax purposes has been estimated a/o September 30, 2024 since
the final tax characteristics cannot be determined until fiscal year end. Cost of securities for Federal income
tax purpose is $203,779, and the related net unrealized appreciation (depreciation) consists of:

Gross unrealized appreciation			-
Gross unrealized depreciation			-
Net unrealized appreciation			-

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