<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.sec.gov/edgar/nport eis_NPORT_Filer.xsd">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0001396092</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
        <seriesId>S000054258</seriesId>
        <classId>C000170412</classId>
        <classId>C000170411</classId>
      </seriesClassInfo>


    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>World Funds Trust</regName>
      <regFileNumber>811-22172</regFileNumber>
      <regCik>0001396092</regCik>
      <regLei>5493007BOSPYEMKSSY03</regLei>
      <regStreet1>8730 Stony Point Parkway</regStreet1>
      <regStreet2>Suite 205</regStreet2>
      <regCity>Richmond</regCity>
      <regStateConditional regCountry="US" regState="US-VA"/>
      <regZipOrPostalCode>23235</regZipOrPostalCode>
      <regPhone>800-673-0550</regPhone>
      <seriesName>Applied Finance Select Fund</seriesName>
      <seriesId>S000054258</seriesId>
      <seriesLei>549300CT708IAZ038H34</seriesLei>
      <repPdEnd>2020-04-30</repPdEnd>
      <repPdDate>2020-04-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>135451485.38</totAssets>
      <totLiabs>84287.68</totLiabs>
      <netAssets>135367197.70</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.00000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.00000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn classId="C000170412" rtn1="-8.98000000" rtn2="-14.21000000" rtn3="13.28000000"/>
          <monthlyTotReturn classId="C000170411" rtn1="-8.94000000" rtn2="-14.25000000" rtn3="13.33000000"/>
        </monthlyTotReturns>
        <monthlyReturnCats>
          <equityContracts>
            <mon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <mon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            <optionCategory>
              <instrMon1 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon2 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
              <instrMon3 netRealizedGain="0.00000000" netUnrealizedAppr="0.00000000"/>
            </optionCategory>
          </equityContracts>
        </monthlyReturnCats>
        <othMon1 netRealizedGain="0.00000000" netUnrealizedAppr="-13157354.57000000"/>
        <othMon2 netRealizedGain="80135.39999999" netUnrealizedAppr="-18897373.35999999"/>
        <othMon3 netRealizedGain="-1167495.42000000" netUnrealizedAppr="17036110.85999999"/>
      </returnInfo>
      <mon1Flow redemption="1473110.22000000" reinvestment="0.00000000" sales="5224326.16000000"/>
      <mon2Flow redemption="4050530.27000000" reinvestment="0.00000000" sales="11115349.99000000"/>
      <mon3Flow redemption="2743013.22000000" reinvestment="0.00000000" sales="3888272.55000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>iShares Core S&amp;P 500 ETF</title>
        <cusip>464287200</cusip>
        <identifiers>
          <ticker value="IVV"/>
        </identifiers>
        <balance>3000.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>873480.00000000</valUSD>
        <pctVal>0.645267106685</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Darden Restaurants, Inc.</title>
        <cusip>237194105</cusip>
        <identifiers>
          <ticker value="DRI"/>
        </identifiers>
        <balance>47938.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3537345.02000000</valUSD>
        <pctVal>2.613147852731</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Union Pacific Corp.</title>
        <cusip>907818108</cusip>
        <identifiers>
          <ticker value="UNP"/>
        </identifiers>
        <balance>11724.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1873377.96000000</valUSD>
        <pctVal>1.383923130440</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Verizon Communications Inc.</title>
        <cusip>92343V104</cusip>
        <identifiers>
          <ticker value="VZ"/>
        </identifiers>
        <balance>65053.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3737294.85000000</valUSD>
        <pctVal>2.760857071358</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>ConocoPhillips</title>
        <cusip>20825C104</cusip>
        <identifiers>
          <ticker value="COP"/>
        </identifiers>
        <balance>23891.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1005811.10000000</valUSD>
        <pctVal>0.743024245969</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Allstate Corp./The</title>
        <cusip>020002101</cusip>
        <identifiers>
          <ticker value="ALL"/>
        </identifiers>
        <balance>22564.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2295210.08000000</valUSD>
        <pctVal>1.695543764661</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Intel Corp.</title>
        <cusip>458140100</cusip>
        <identifiers>
          <ticker value="INTC"/>
        </identifiers>
        <balance>68172.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4088956.56000000</valUSD>
        <pctVal>3.020640620087</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>McKesson Corp.</title>
        <cusip>58155Q103</cusip>
        <identifiers>
          <ticker value="MCK"/>
        </identifiers>
        <balance>18294.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2584027.50000000</valUSD>
        <pctVal>1.908902262811</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>NVIDIA Corp.</title>
        <cusip>67066G104</cusip>
        <identifiers>
          <ticker value="NVDA"/>
        </identifiers>
        <balance>18415.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5382336.20000000</valUSD>
        <pctVal>3.976100777330</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Ecolab Inc.</title>
        <cusip>278865100</cusip>
        <identifiers>
          <ticker value="ECL"/>
        </identifiers>
        <balance>8771.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1697188.50000000</valUSD>
        <pctVal>1.253766443301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Quanta Services, Inc.</title>
        <cusip>74762E102</cusip>
        <identifiers>
          <ticker value="PWR"/>
        </identifiers>
        <balance>51384.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1868322.24000000</valUSD>
        <pctVal>1.380188311307</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Valero Energy Corp.</title>
        <cusip>91913Y100</cusip>
        <identifiers>
          <ticker value="VLO"/>
        </identifiers>
        <balance>16116.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1020948.60000000</valUSD>
        <pctVal>0.754206792595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Fiserv, Inc.</title>
        <cusip>337738108</cusip>
        <identifiers>
          <ticker value="FISV"/>
        </identifiers>
        <balance>35849.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3694597.94000000</valUSD>
        <pctVal>2.729315523091</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Constellation Brands, Inc. Class A</title>
        <cusip>21036P108</cusip>
        <identifiers>
          <ticker value="STZ"/>
        </identifiers>
        <balance>19003.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3129604.07000000</valUSD>
        <pctVal>2.311936808306</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>HP Inc.</title>
        <cusip>40434L105</cusip>
        <identifiers>
          <ticker value="HPQ"/>
        </identifiers>
        <balance>225768.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3501661.68000000</valUSD>
        <pctVal>2.586787448876</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Walt Disney Co./The</title>
        <cusip>254687106</cusip>
        <identifiers>
          <ticker value="DIS"/>
        </identifiers>
        <balance>30469.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3295222.35000000</valUSD>
        <pctVal>2.434284232804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Mastercard Inc. Class A</title>
        <cusip>57636Q104</cusip>
        <identifiers>
          <ticker value="MA"/>
        </identifiers>
        <balance>13999.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3849305.03000000</valUSD>
        <pctVal>2.843602508881</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>JPMorgan Chase &amp; Co.</title>
        <cusip>46625H100</cusip>
        <identifiers>
          <ticker value="JPM"/>
        </identifiers>
        <balance>20049.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1919892.24000000</valUSD>
        <pctVal>1.418284689807</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Pfizer, Inc.</title>
        <cusip>717081103</cusip>
        <identifiers>
          <ticker value="PFE"/>
        </identifiers>
        <balance>72087.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2765257.32000000</valUSD>
        <pctVal>2.042782422170</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Walgreens Boots Alliance, Inc.</title>
        <cusip>931427108</cusip>
        <identifiers>
          <ticker value="WBA"/>
        </identifiers>
        <balance>54948.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2378698.92000000</valUSD>
        <pctVal>1.757219592645</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Merck &amp; Co., Inc.</title>
        <cusip>58933Y105</cusip>
        <identifiers>
          <ticker value="MRK"/>
        </identifiers>
        <balance>31880.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2529359.20000000</valUSD>
        <pctVal>1.868517072803</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Walmart Inc.</title>
        <cusip>931142103</cusip>
        <identifiers>
          <ticker value="WMT"/>
        </identifiers>
        <balance>19894.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2418115.70000000</valUSD>
        <pctVal>1.786338005872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Alphabet Inc. Class A</title>
        <cusip>02079K305</cusip>
        <identifiers>
          <ticker value="GOOGL"/>
        </identifiers>
        <balance>2802.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3773453.40000000</valUSD>
        <pctVal>2.787568527763</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Facebook, Inc. Class A</title>
        <cusip>30303M102</cusip>
        <identifiers>
          <ticker value="FB"/>
        </identifiers>
        <balance>19788.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4050801.48000000</valUSD>
        <pctVal>2.992454264272</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Apple Inc.</title>
        <cusip>037833100</cusip>
        <identifiers>
          <ticker value="AAPL"/>
        </identifiers>
        <balance>15056.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4423452.80000000</valUSD>
        <pctVal>3.267743497064</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Alexion Pharmaceuticals, Inc.</title>
        <cusip>015351109</cusip>
        <identifiers>
          <ticker value="ALXN"/>
        </identifiers>
        <balance>26197.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2815391.59000000</valUSD>
        <pctVal>2.079818181831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Stanley Black &amp; Decker, Inc.</title>
        <cusip>854502101</cusip>
        <identifiers>
          <ticker value="SWK"/>
        </identifiers>
        <balance>15406.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1697741.20000000</valUSD>
        <pctVal>1.254174740148</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Ameriprise Financial, Inc.</title>
        <cusip>03076C106</cusip>
        <identifiers>
          <ticker value="AMP"/>
        </identifiers>
        <balance>17208.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1977887.52000000</valUSD>
        <pctVal>1.461127624421</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>LKQ Corp.</title>
        <cusip>501889208</cusip>
        <identifiers>
          <ticker value="LKQ"/>
        </identifiers>
        <balance>126409.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3305595.35000000</valUSD>
        <pctVal>2.441947093656</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Tyson Foods, Inc. Class A</title>
        <cusip>902494103</cusip>
        <identifiers>
          <ticker value="TSN"/>
        </identifiers>
        <balance>39843.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2477836.17000000</valUSD>
        <pctVal>1.830455392517</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Unum Group</title>
        <cusip>91529Y106</cusip>
        <identifiers>
          <ticker value="UNM"/>
        </identifiers>
        <balance>122175.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2131953.75000000</valUSD>
        <pctVal>1.574941186804</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Travelers Cos., Inc./The</title>
        <cusip>89417E109</cusip>
        <identifiers>
          <ticker value="TRV"/>
        </identifiers>
        <balance>18769.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1899610.49000000</valUSD>
        <pctVal>1.403301924155</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Thermo Fisher Scientific Inc.</title>
        <cusip>883556102</cusip>
        <identifiers>
          <ticker value="TMO"/>
        </identifiers>
        <balance>8041.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2691161.88000000</valUSD>
        <pctVal>1.988045793755</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Alaska Air Group, Inc.</title>
        <cusip>011659109</cusip>
        <identifiers>
          <ticker value="ALK"/>
        </identifiers>
        <balance>46693.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1518456.36000000</valUSD>
        <pctVal>1.121731398595</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Cisco Systems, Inc.</title>
        <cusip>17275R102</cusip>
        <identifiers>
          <ticker value="CSCO"/>
        </identifiers>
        <balance>90931.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3853655.78000000</valUSD>
        <pctVal>2.846816544537</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CVS Health Corp.</title>
        <cusip>126650100</cusip>
        <identifiers>
          <ticker value="CVS"/>
        </identifiers>
        <balance>37904.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2332991.20000000</valUSD>
        <pctVal>1.723453864480</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Host Hotels &amp; Resorts, Inc.</title>
        <cusip>44107P104</cusip>
        <identifiers>
          <ticker value="HST"/>
        </identifiers>
        <balance>284914.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3507291.34000000</valUSD>
        <pctVal>2.590946255512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Capital One Financial Corp.</title>
        <cusip>14040H105</cusip>
        <identifiers>
          <ticker value="COF"/>
        </identifiers>
        <balance>35288.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2285250.88000000</valUSD>
        <pctVal>1.688186590864</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>CF Industries Holdings, Inc.</title>
        <cusip>125269100</cusip>
        <identifiers>
          <ticker value="CF"/>
        </identifiers>
        <balance>46288.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1272920.00000000</valUSD>
        <pctVal>0.940345978662</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Roper Technologies, Inc.</title>
        <cusip>776696106</cusip>
        <identifiers>
          <ticker value="ROP"/>
        </identifiers>
        <balance>5769.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1967402.07000000</valUSD>
        <pctVal>1.453381693222</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>DTE Energy Co.</title>
        <cusip>233331107</cusip>
        <identifiers>
          <ticker value="DTE"/>
        </identifiers>
        <balance>19447.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2017431.78000000</valUSD>
        <pctVal>1.490340211127</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Federated Treasury Obligations Fund Institutional Class</title>
        <cusip>60934N500</cusip>
        <identifiers>
          <ticker value="TOIXX"/>
        </identifiers>
        <balance>1616971.54000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1616971.54000000</valUSD>
        <pctVal>1.194507655823</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Bank of America Corp.</title>
        <cusip>060505104</cusip>
        <identifiers>
          <ticker value="BAC"/>
        </identifiers>
        <balance>84750.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2038237.50000000</valUSD>
        <pctVal>1.505710049872</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Stryker Corp.</title>
        <cusip>863667101</cusip>
        <identifiers>
          <ticker value="SYK"/>
        </identifiers>
        <balance>12800.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2386304.00000000</valUSD>
        <pctVal>1.762837704071</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Target Corp.</title>
        <cusip>87612E106</cusip>
        <identifiers>
          <ticker value="TGT"/>
        </identifiers>
        <balance>25963.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2849179.62000000</valUSD>
        <pctVal>2.104778460668</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Public Service Enterprise Group Inc.</title>
        <cusip>744573106</cusip>
        <identifiers>
          <ticker value="PEG"/>
        </identifiers>
        <balance>40134.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2035195.14000000</valUSD>
        <pctVal>1.503462562998</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Aptiv PLC</title>
        <cusip>G6095L109</cusip>
        <identifiers>
          <ticker value="APTV"/>
        </identifiers>
        <balance>40006.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2782417.30000000</valUSD>
        <pctVal>2.055459038286</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Chevron Corp.</title>
        <cusip>166764100</cusip>
        <identifiers>
          <ticker value="CVX"/>
        </identifiers>
        <balance>11556.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1063152.00000000</valUSD>
        <pctVal>0.785383769527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Danaher Corp.</title>
        <cusip>235851102</cusip>
        <identifiers>
          <ticker value="DHR"/>
        </identifiers>
        <balance>17260.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2821319.60000000</valUSD>
        <pctVal>2.084197388980</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Cummins Inc.</title>
        <cusip>231021106</cusip>
        <identifiers>
          <ticker value="CMI"/>
        </identifiers>
        <balance>12566.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2054541.00000000</valUSD>
        <pctVal>1.517753957316</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>Lowe's Cos., Inc.</title>
        <cusip>548661107</cusip>
        <identifiers>
          <ticker value="LOW"/>
        </identifiers>
        <balance>30450.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3189637.50000000</valUSD>
        <pctVal>2.356285388332</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>N/A</name>
        <lei>N/A</lei>
        <title>International Business Machines Corp.</title>
        <cusip>459200101</cusip>
        <identifiers>
          <ticker value="IBM"/>
        </identifiers>
        <balance>32338.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4060359.28000000</valUSD>
        <pctVal>2.999514911284</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-06-26</ncom:dateSigned>
      <ncom:nameOfApplicant>World Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Ann MacDonald</ncom:signature>
      <ncom:signerName>Ann MacDonald</ncom:signerName>
      <ncom:title>Principal Financial Officer</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
