DGHM MicroCap Value Fund to be liquidated

TheShadow

https://www.sec.gov/Archives/edgar/data/1396092/000138713121003897/dghm-497_032521.htm

497 1 dghm-497_032521.htm SUPPLEMENT DATED MARCH 25, 2021

DGHM MicroCap Value Fund

Investor Class Shares (DGMMX)
Institutional Class Shares (DGMIX)

Supplement dated March 25, 2021
to the Prospectus and Statement of Additional Information (“SAI”),
each dated June 29, 2020

The Board of Trustees (the “Board”) of World Funds Trust (the “Trust”) has approved a Plan of Liquidation (the “Plan”) for the DGHM MicroCap Value Fund (the “Fund”), which became effective on March 25, 2021. Dalton, Greiner, Hartman, Maher & Co., LLC (the “Adviser”) recommended that the Board approve the Plan due to a diminished asset base and correspondingly rising expenses of the Fund, which the Adviser has indicated that it is no longer willing to continue to subsidize. As a result, the Board concluded that it is in the best interest of the Fund’s shareholders to liquidate the Fund. The Fund is expected to liquidate on or about April 26, 2021 (the “Liquidation Date”).

Effective March 25, 2021, the Fund was closed to new and subsequent investments. Until the Liquidation Date, Fund shareholders may continue to reinvest dividends and distributions in the Fund or redeem their shares. Any remaining shareholders on the Liquidation Date will receive a distribution of their remaining investment value in the Fund based on the instructions listed on your account. The sale or liquidation of your shares will generally be a taxable event. You should consult your tax advisor about your tax situation.

As shareholders redeem shares of the Fund between March 25, 2021 and the Liquidation Date, the Fund may not be able to maintain its stated investment goal and other investment policies. Accordingly, the Fund may deviate from its stated investment goal and other investment policies during the period between March 25, 2021 and the Liquidation Date.

If you have questions or need assistance, please contact your financial advisor directly or the Fund toll-free at 1-800-673-0550.

This Supplement and the existing Prospectus provide relevant information for all shareholders and should be retained for future reference. Both the Prospectus and the SAI have been filed with the Securities and Exchange Commission, are incorporated by reference, and can be obtained without charge by calling the Fund toll-free at 1-800-673-0550.

LewisBraham

This tiny $17 million fund is up 20% YTD beating most of its peers because the stimulus, which Democrats supported and Republicans who claim to care about small businesses opposed, will actually help small cyclical businesses. I find it disheartening that fund managers bail on their investment products just when they're becoming interesting. The assets under management matter more to too many than being true to the investment discipline they claim to believe in.