Shareholder Report | 12 Months Ended |
Nov. 30, 2024 USD ($) shares |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | WP Trust |
Entity Central Index Key | 0001645192 |
Entity Investment Company Type | N-1A |
Document Period End Date | Nov. 30, 2024 |
WP Large Cap Income Plus Fund | Institutional Class Shares | |
Shareholder Report [Line Items] | |
Fund Name | WP Large Cap Income Plus Fund |
Class Name | Institutional Class Shares |
Trading Symbol | WPLCX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://wpfunds.com/literature 1-866-959-9260 |
Additional Information Phone Number | 1-866-959-9260 |
Additional Information Website | https://wpfunds.com/literature |
Expenses [Text Block] | What were the Fund costs for the last year? (based on a hypothetical $10,000 investment) Class Costs of a $10,000 Investment Costs Paid as a Percentage of a $10,000 Investment Institutional Class Shares $258 2.23% |
Expenses Paid, Amount | $ 258 |
Expense Ratio, Percent | 2.23% |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance This has been a good year for our portfolio. Our overweighted holdings in Apple (APPL) and Microsoft (MSFT) which we purchased as value stocks years ago soared with the new hope and enthusiasm surrounding artificial intelligence. Additionally, our bank holdings in Bank of America, Wells Fargo, and JP Morgan Chase also did very well likely because of the lack of recession and a more normal yield curve which is good for bank income. While the Federal Reserve was increasing short-term rates, the yield curve was flatter or even inverse. Now that pressure is less the yield curve is looking more normal- but seems to still have a way to go. The lack of recession helps the banks by keeping banking activity strong and them having fewer bad loans. One more potential tailwind is the potential of lessoning regulation with the new administration in Washington. That might be very good for bank earnings as more bank customers can do deals, combinations, reorganizations and that's great for the banks as they charge fat fees when those transaction close. Not everything is going up as much– our energy shares (Occidental Petroleum (OXY) and Chevron (CVX)) have not kept up with the gains we have seen on some of the other stocks. This is likely due to lower inflation which may mean lower oil prices and "Drill Baby Drill" may increase competition in the oil patch. In the future the expected lesser regulation from the new administration may become a tailwind to them, as a lot of their expenses, costs and delays are from the regulation front. Our sole holding in bio- tech has been disappointing as the smaller companies and those medically related are lagging. This may be due to the hangover of COVID and a growing distrust of Pharma companies overall. It's a tough world out there for those that try to make "magic" drugs, get them approved by the FDA and then expect people to take them in this current environment We remain confident in our holdings, overall. |
Performance Past Does Not Indicate Future [Text] | The Fund's past performance is not a good predictor of the Fund's future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns One Year Five Years Ten Years WP Large Cap Income Plus Fund 31.49% 0.33% 5.81% Dow Jones Industrial Average Index 27.19% 12.14% 12.17% |
No Deduction of Taxes [Text Block] | The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. |
Net Assets | $ 24,988,252 |
Holdings Count | shares | 16 |
Advisory Fees Paid, Amount | $ 309,776 |
Investment Company, Portfolio Turnover | 2% |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets ($) $24,988,252 Number of Portfolio Holdings 16 Portfolio Turnover Rate (%) 2% Total Advisory Fees Paid ($) $309,776 |
Holdings [Text Block] | What did the Fund invest in? Top Ten Holdings (% of net assets) Apple Inc. 19.47% Microsoft Corporation 14.66% Wells Fargo & Company 12.92% JPMorgan Chase & Co. 12.89% Bank of America Corporation 12.83% ImmunityBio, Inc. 5.33% Berkshire Hathaway Inc. - Class B 4.64% Exxon Mobil Corporation 4.06% Mitsubishi UFJ Financial Group, Inc. - ADR 3.81% UBS Group AG (Switzerland) 3.24% Sectors (% of net assets) Sector % of Net Assets Financials 50.34% Information Technology 34.13% Energy 6.77% Health Care 5.33% Net Cash * 1.38% Consumer Discretionary 1.19% Consumer Staples 0.86% * Net Assets represents cash, cash equivalents and liabilities, including options written, in excess of other assets. |
Largest Holdings [Text Block] | Top Ten Holdings (% of net assets) Apple Inc. 19.47% Microsoft Corporation 14.66% Wells Fargo & Company 12.92% JPMorgan Chase & Co. 12.89% Bank of America Corporation 12.83% ImmunityBio, Inc. 5.33% Berkshire Hathaway Inc. - Class B 4.64% Exxon Mobil Corporation 4.06% Mitsubishi UFJ Financial Group, Inc. - ADR 3.81% UBS Group AG (Switzerland) 3.24% |