Shareholder Report | 6 Months Ended |
Jun. 30, 2024 USD ($) Holdings |
Shareholder Report [Line Items] | |
Document Type | N-CSRS/A |
Amendment Flag | true |
Amendment Description | The Registrant is filing this amendment to its Form N-CSRS for the reporting period ended June 30, 2024, originally filed with the Securities and Exchange Commission on September 9, 2024 (Accession Number 0001999371-24-011694). The sole purpose of this amendment is to correct Item 1. the Tailored Shareholder Report and Item 10. Remuneration Paid to Directors, Officers, and Others. Except as set forth above, this amendment does not amend, update or change any other items or disclosures found in the original Form N-CSR filing. |
Registrant Name | World Funds Trust |
Entity Central Index Key | 0001396092 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jun. 30, 2024 |
Rule One Fund (Founders Class Shares) | |
Shareholder Report [Line Items] | |
Fund Name | Rule One Fund |
Class Name | Founders Class Shares |
Trading Symbol | RULRX |
Annual or Semi-Annual Statement [Text Block] | This semi-annual shareholder report |
Shareholder Report Annual or Semi-Annual | semi-annual shareholder report |
Additional Information [Text Block] | This semi-annual shareholder report https://www.ruleonefund.com (833) 785-3663 |
Additional Information Phone Number | (833) 785-3663 |
Additional Information Website | https://www.ruleonefund.com |
Expenses [Text Block] | What were the Fund costs for the period? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Rule One Fund $ 141.47 2.74 % |
Expenses Paid, Amount | $ 141.47 |
Expense Ratio, Percent | 2.74% |
Net Assets | $ 198,330,000 |
Holdings Count | Holdings | 28 |
Investment Company, Portfolio Turnover | 43.63% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024 ) Net Assets (Millions) $ 198.33 Number of Holdings 28 Portfolio Turnover Rate 43.63 % |
Holdings [Text Block] | What did the Fund invest in? (% of Net Assets as of June 30, 2024 Sector Breakdown Sector % of Net Assets COMMUNICATION SERVICES 0.284 CONSUMER DISCRETIONARY 0.057 CONSUMER STAPLES 0.066 ENERGY 0.083 FINANCIALS 0.103 REAL ESTATE 0.049 Portfolio Composition COMMON STOCKS 64.13 % MONEY MARKET FUND 11.85 % OPTIONS PURCHASED 7.25 % EXCHANGE TRADED FUND 4.02 % SECURITIES SOLD SHORT - 0.34 % OPTIONS WRITTEN - 1.83 % |
Material Fund Change [Text Block] | How has the Fund changed? Change in Investment Objective and Principal Investments Strategies and Risks On May 1, 2024, the Fund's investment objective changed from long-term total return to long-term capital appreciation with less volatility than the broad equity market. The Fund's principal investment strategies also changed on May 1, 2024. The Fund's new principal investment strategies and related risks differ from the prior principal investment strategies and risks. A complete description of the principle investment strategies and investment risks is included in the Fund's prospectus under the headings 'Principal Investment Strategies' and 'Principal Risks', respectively. |