v3.25.2
Shareholder Report
 12 Months Ended
Apr. 30, 2025
USD ($)
Holdings
Shareholder Report [Line Items]  
Document Type N-CSR
Amendment Flag false
Registrant Name World Funds Trust
Entity Central Index Key 0001396092
Entity Investment Company Type N-1A
Document Period End Date Apr. 30, 2025
Applied Finance Dividend Fund - Institutional Class  
Shareholder Report [Line Items]  
Fund Name Applied Finance Dividend Fund
Class Name Institutional Class
Trading Symbol AFAZX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about the Applied Finance Dividend Fund, Institutional Class Shares for the period of May 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at appliedfinancefunds.com/MutualFunds/InvestorResources. You can also request this information by contacting us at (800) 673-0550.
Additional Information Phone Number (800) 673-0550
Additional Information Website appliedfinancefunds.com/MutualFunds/InvestorResources
Expenses [Text Block]

What were the Fund costs for the past year?

(based on a hypothetical $10,000 investment)

Class Name
 Costs of a $10,000 investment
 Costs paid as a percentage of a $10,000 investment
Applied Finance Dividend Fund
- Institutional Class
$99
0.97%
Expenses Paid, Amount $ 99
Expense Ratio, Percent 0.97%
Factors Affecting Performance [Text Block]

How did the Fund perform?

For the period of May 1, 2024 to April 30, 2025, the Applied Finance Dividend Fund Institutional Class Shares (the “Fund”) returned 4.99%.

In comparison, the Morningstar US Market Total Return Index returned 11.51% and the Morningstar US Large Mid Value Total Return Index returned 10.65% for the same period.

What key factors influenced performance?

US stocks rose gradually from May 2024 through January 2025 before peaking in mid-February. Uncertainty over tariffs and their effect on the economy pushed stocks lower in March and part of April, with indices rebounding by the end of the month.

The performance of the Morningstar US Market Total Return Index was strongest in the Financials and Information Technology sectors. During the 12 months ending April 30, 2025, Growth stocks outperformed Value stocks.

The Fund’s holdings focus on dividend income and capital appreciation. The Fund’s emphasis on dividend-paying stocks lowered performance relative to the Morningstar US Market Total Return Index. Health Care, Utilities and Financials sectors were leading contributors to the Fund’s performance, while Information Technology, Consumer Staples and Materials sectors were leading detractors relative to the Morningstar US Market Total Return Index. Underperformance was generally due to stock selection.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
Line Graph [Table Text Block]

Cumulative Performance

(based on a hypothetical $10,000 investment)

Date
Applied Finance Dividend Fund Institutional Class - $23,681
Morningstar US Market Total Return Index¹ - $30,526
Morningstar US Large Mid Value Total Return Index¹ - $24,075
4/30/2015
10000
10000
10000
4/30/2016
9188
10003
10169
4/30/2017
11566
11843
11791
4/30/2018
13543
13402
12871
4/30/2019
14240
15147
14035
4/30/2020
12619
15062
12444
4/30/2021
19425
22601
17446
4/30/2022
19824
21939
18396
4/30/2023
19853
22284
19085
4/30/2024
22555
27374
21758
4/30/2025
23681
30526
24075

Average Annual Return [Table Text Block]

Annual Performance

            Average Annual Total Return            
1 Year
5 Year
10 Year
Applied Finance Dividend Fund - Institutional Class
4.99%
13.42%
9.00%
Morningstar US Market Total Return Index¹
11.51%
15.18%
11.81%
Morningstar US Large Mid Value Total Return Index¹
10.65%
14.11%
9.18%

¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
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.
Updated Performance Information Location [Text Block] Visit appliedfinancefunds.com/MutualFunds/InvestorResources for more recent performance information.
Net Assets $ 25,241,800
Holdings Count | Holdings 39
Advisory Fees Paid, Amount $ 58,064
Investment Company, Portfolio Turnover 12.78%
Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of April 30, 2025)

 

 

Fund Net Assets
$25,241,800
Number of Holdings        
39
Total Advisory Fee Paid
$58,064
Portfolio Turnover Rate
12.78%
Holdings [Text Block]

Sector Breakdown

Sector
%
Communication Services
0.0289
Consumer Discretionary
0.0979
Consumer Staples
0.1009
Energy
0.0549
Financials
0.2157
Health Care
0.1652
Industrials
0.1034
Information Technology
0.0987
Materials
0.0227
Real Estate
0.0271
Utilities
0.0804
Money Market Fund
0.0032
Largest Holdings [Text Block]

Top Ten Holdings
JPMorgan Chase & Co.
2.95%
The Travelers Companies, Inc
2.91%
Eli Lilly & Co.
2.91%
Verizon Communications, Inc.
2.89%
Abbvie, Inc.
2.88%
Ingredion, Inc.
2.86%
Hasbro, Inc.
2.85%
UGI Corp.
2.83%
Marathon Petroleum Corp.
2.81%
Johnson & Johnson
2.77%

 
Applied Finance Dividend Fund - Investor Class  
Shareholder Report [Line Items]  
Fund Name Applied Finance Dividend Fund
Class Name Investor Class
Trading Symbol AFALX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about the Applied Finance Dividend Fund, Investor Class Shares for the period of May 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at appliedfinancefunds.com/MutualFunds/InvestorResources. You can also request this information by contacting us at (800) 673-0550.
Additional Information Phone Number (800) 673-0550
Additional Information Website appliedfinancefunds.com/MutualFunds/InvestorResources
Expenses [Text Block]

What were the Fund costs for the past year?

(based on a hypothetical $10,000 investment)

Class Name
 Costs of a $10,000 investment
 Costs paid as a percentage of a $10,000 investment
Applied Finance Dividend Fund
- Investor Class
$125
1.22%
Expenses Paid, Amount $ 125
Expense Ratio, Percent 1.22%
Factors Affecting Performance [Text Block]

How did the Fund perform?

For the period of May 1, 2024 to April 30, 2025, the Applied Finance Dividend Fund Investor Class Shares (the “Fund”) returned 4.71%.

In comparison, the Morningstar US Market Total Return Index returned 11.51% and the Morningstar US Large Mid Value Total Return Index returned 10.65% for the same period.

What key factors influenced performance?

US stocks rose gradually from May 2024 through January 2025 before peaking in mid-February. Uncertainty over tariffs and their effect on the economy pushed stocks lower in March and part of April, with indices rebounding by the end of the month.

The performance of the Morningstar US Market Total Return Index was strongest in the Financials and Information Technology sectors. During the 12 months ending April 30, 2025, Growth stocks outperformed Value stocks.

The Fund’s holdings focus on dividend income and capital appreciation. The Fund’s emphasis on dividend-paying stocks lowered performance relative to the Morningstar US Market Total Return Index. Health Care, Utilities and Financials sectors were leading contributors to the Fund’s performance, while Information Technology, Consumer Staples and Materials sectors were leading detractors relative to the Morningstar US Market Total Return Index. Underperformance was generally due to stock selection.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
Line Graph [Table Text Block]

Cumulative Performance

(based on a hypothetical $10,000 investment)

Date
Applied Finance Dividend Fund Investor Class - $23,102
Morningstar US Market Total Return Index¹ - $30,526
Morningstar US Large Mid Value Total Return Index¹ - $24,075
4/30/2015
10000
10000
10000
4/30/2016
9170
10003
10169
4/30/2017
11511
11843
11791
4/30/2018
13444
13402
12871
4/30/2019
14102
15147
14035
4/30/2020
12475
15062
12444
4/30/2021
19137
22601
17446
4/30/2022
19481
21939
18396
4/30/2023
19476
22284
19085
4/30/2024
22063
27374
21758
4/30/2025
23102
30526
24075

Average Annual Return [Table Text Block]

Annual Performance

            Average Annual Total Return            
1 Year
5 Year
10 Year
Applied Finance Dividend Fund - Investor Class
4.71%
13.11%
8.73%
Morningstar US Market Total Return Index¹
11.51%
15.18%
11.81%
Morningstar US Large Mid Value Total Return Index¹
10.65%
14.11%
9.18%

¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
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.
Updated Performance Information Location [Text Block] Visit appliedfinancefunds.com/MutualFunds/InvestorResources for more recent performance information.
Net Assets $ 25,241,800
Holdings Count | Holdings 39
Advisory Fees Paid, Amount $ 58,064
Investment Company, Portfolio Turnover 12.78%
Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of April 30, 2025)

 

 

Fund Net Assets
$25,241,800
Number of Holdings        
39
Total Advisory Fee Paid
$58,064
Portfolio Turnover Rate
12.78%
Holdings [Text Block]

Sector Breakdown

Sector
%
Communication Services
0.0289
Consumer Discretionary
0.0979
Consumer Staples
0.1009
Energy
0.0549
Financials
0.2157
Health Care
0.1652
Industrials
0.1034
Information Technology
0.0987
Materials
0.0227
Real Estate
0.0271
Utilities
0.0804
Money Market Fund
0.0032
Largest Holdings [Text Block]

Top Ten Holdings
JPMorgan Chase & Co.
2.95%
The Travelers Companies, Inc
2.91%
Eli Lilly & Co.
2.91%
Verizon Communications, Inc.
2.89%
Abbvie, Inc.
2.88%
Ingredion, Inc.
2.86%
Hasbro, Inc.
2.85%
UGI Corp.
2.83%
Marathon Petroleum Corp.
2.81%
Johnson & Johnson
2.77%
Applied Finance Explorer Fund - Institutional Class  
Shareholder Report [Line Items]  
Fund Name Applied Finance Explorer Fund
Class Name Institutional Class
Trading Symbol AFDZX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about the Applied Finance Explorer Fund, Institutional Class Shares for the period of May 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at appliedfinancefunds.com/MutualFunds/InvestorResources. You can also request this information by contacting us at (800) 673-0550.
Additional Information Phone Number (800) 673-0550
Additional Information Website appliedfinancefunds.com/MutualFunds/InvestorResources
Expenses [Text Block]

What were the Fund costs for the past year?

(based on a hypothetical $10,000 investment)

Class Name
 Costs of a $10,000 investment
 Costs paid as a percentage of a $10,000 investment
Applied Finance Explorer Fund
- Institutional Class
$84
0.84%
Expenses Paid, Amount $ 84
Expense Ratio, Percent 0.84%
Factors Affecting Performance [Text Block]

How did the Fund perform?

For the period of May 1, 2024 to April 30, 2025, the Applied Finance Explorer Fund Institutional Class Shares (the “Fund”) returned 0.83%.

In comparison, the Morningstar US Market Total Return Index returned 11.51% and the Morningstar US Small Total Return Index returned 2.94% for the same period.

What key factors influenced performance?

US stocks rose gradually from May 2024 through January 2025 before peaking in mid-February. Uncertainty over tariffs and their effect on the economy pushed stocks lower in March and part of April, with indices rebounding by the end of the month.

The performance of the Morningstar US Market Total Return Index was strongest in the Financials and Information Technology sectors. During the 12 months ending April 30, 2025, Growth stocks outperformed Value stocks.

The Fund’s holdings consist of US small-cap stocks. The Fund’s emphasis on small-cap stocks lowered performance relative to the Morningstar US Market Total Return Index. Financials and Utilities sectors were leading contributors to the Fund’s performance, while Energy, Information Technology and Industrials sectors were leading detractors relative to the Morningstar US Market Total Return Index. Underperformance was generally due to stock selection.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
Line Graph [Table Text Block]

Cumulative Performance

(based on a hypothetical $10,000 investment)

Date
Applied Finance Explorer Fund Institutional Class - $24,456
Morningstar US Market Total Return Index¹ - $30,027
Morningstar US Small Total Return Index¹ - $18,691
6/11/2015*
10000
10000
10000
4/30/2016
8960
9840
9306
4/30/2017
11770
11650
11275
4/30/2018
12174
13183
12343
4/30/2019
12256
14899
13127
4/30/2020
10311
14815
10830
4/30/2021
19721
22232
18687
4/30/2022
20607
21581
16030
4/30/2023
19789
21920
15809
4/30/2024
24255
26927
18157
4/30/2025
24456
30027
18691
*Inception
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
Average Annual Return [Table Text Block]

Annual Performance

            Average Annual Total Return            
1 Year
5 Year
Since Inception
Applied Finance Explorer Fund - Institutional Class
0.83%
18.85%
9.47%
Morningstar US Market Total Return Index¹
11.51%
15.18%
11.76%
Morningstar US Small Total Return Index¹
2.94%
11.53%
6.53%
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
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.
Updated Performance Information Location [Text Block] Visit appliedfinancefunds.com/MutualFunds/InvestorResources for more recent performance information.
Net Assets $ 731,052,738
Holdings Count | Holdings 140
Advisory Fees Paid, Amount $ 4,557,935
Investment Company, Portfolio Turnover 37.29%
Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of April 30, 2025)

 

 

Fund Net Assets
$731,052,738
Number of Holdings        
140
Total Advisory Fee Paid
$4,557,935
Portfolio Turnover Rate
37.29%
Holdings [Text Block]

Sector Breakdown

Sector
%
Communication Services
0.0307
Consumer Discretionary
0.1045
Consumer Staples
0.0275
Energy
0.0566
Financials - Banks
0.1510
Financials - Non-Banks
0.1186
Health Care
0.1261
Industrials
0.1275
Information Technology
0.0706
Materials
0.0333
Real Estate
0.0768
Utilities
0.0448
Money Market Fund
0.0330
Largest Holdings [Text Block]

Top Ten Holdings
Federated Treasury Obligations Fund - Institutional Class
3.30%
StoneX Group, Inc.
1.46%
Stride, Inc.
1.36%
Sterling Infrastructure, Inc.
1.19%
Pathward Financial, Inc.
1.17%
Comfort Systems USA, Inc.
1.16%
Enova International, Inc.
1.13%
SLM Corp.
1.13%
OSI Systems, Inc.
1.10%
Performance Food Group Co.
1.09%

 
Applied Finance Explorer Fund - Investor Class  
Shareholder Report [Line Items]  
Fund Name Applied Finance Explorer Fund
Class Name Investor Class
Trading Symbol AFDVX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about the Applied Finance Explorer Fund, Investor Class Shares for the period of May 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at appliedfinancefunds.com/MutualFunds/InvestorResources. You can also request this information by contacting us at (800) 673-0550.
Additional Information Phone Number (800) 673-0550
Additional Information Website appliedfinancefunds.com/MutualFunds/InvestorResources
Expenses [Text Block]

What were the Fund costs for the past year?

(based on a hypothetical $10,000 investment)

Class Name
 Costs of a $10,000 investment
 Costs paid as a percentage of a $10,000 investment
Applied Finance Explorer Fund
- Investor Class
$109
1.09%
Expenses Paid, Amount $ 109
Expense Ratio, Percent 1.09%
Factors Affecting Performance [Text Block]

How did the Fund perform?

For the period of May 1, 2024 to April 30, 2025, the Applied Finance Explorer Fund Investor Class Shares (the “Fund”) returned 0.55%.

In comparison, the Morningstar US Market Total Return Index returned 11.51% and the Morningstar US Small Total Return Index returned 2.94% for the same period.

What key factors influenced performance?

US stocks rose gradually from May 2024 through January 2025 before peaking in mid-February. Uncertainty over tariffs and their effect on the economy pushed stocks lower in March and part of April, with indices rebounding by the end of the month.

The performance of the Morningstar US Market Total Return Index was strongest in the Financials and Information Technology sectors. During the 12 months ending April 30, 2025, Growth stocks outperformed Value stocks.

The Fund’s holdings consist of US small-cap stocks. The Fund’s emphasis on small-cap stocks lowered performance relative to the Morningstar US Market Total Return Index. Financials and Utilities sectors were leading contributors to the Fund’s performance, while Energy, Information Technology and Industrials sectors were leading detractors relative to the Morningstar US Market Total Return Index. Underperformance was generally due to stock selection.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
Line Graph [Table Text Block]

Cumulative Performance

(based on a hypothetical $10,000 investment)

Date
Applied Finance Explorer Fund Investor Class - $23,922
Morningstar US Market Total Return Index¹ - $30,663
Morningstar US Small Total Return Index¹ - $19,019
6/30/2015*
10000
10000
10000
4/30/2016
8950
10048
9469
4/30/2017
10670
11897
11474
4/30/2018
12094
13463
12560
4/30/2019
12140
15215
13358
4/30/2020
10185
15129
11020
4/30/2021
19440
22703
19016
4/30/2022
20295
22038
16312
4/30/2023
19457
22384
16088
4/30/2024
23792
27497
18476
4/30/2025
23922
30663
19019
*Inception
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
Average Annual Return [Table Text Block]

Annual Performance

            Average Annual Total Return            
1 Year
5 Year
Since Inception
Applied Finance Explorer Fund - Investor Class
0.55%
18.62%
9.27%
Morningstar US Market Total Return Index¹
11.51%
15.18%
12.07%
Morningstar US Small Total Return Index¹
2.94%
11.53%
6.76%
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
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.
Updated Performance Information Location [Text Block] Visit appliedfinancefunds.com/MutualFunds/InvestorResources for more recent performance information.
Net Assets $ 731,052,738
Holdings Count | Holdings 140
Advisory Fees Paid, Amount $ 4,557,935
Investment Company, Portfolio Turnover 37.29%
Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of April 30, 2025)

 

 

Fund Net Assets
$731,052,738
Number of Holdings        
140
Total Advisory Fee Paid
$4,557,935
Portfolio Turnover Rate
37.29%
Holdings [Text Block]

Sector Breakdown

Sector
%
Communication Services
0.0307
Consumer Discretionary
0.1045
Consumer Staples
0.0275
Energy
0.0566
Financials - Banks
0.1510
Financials - Non-Banks
0.1186
Health Care
0.1261
Industrials
0.1275
Information Technology
0.0706
Materials
0.0333
Real Estate
0.0768
Utilities
0.0448
Money Market Fund
0.0330
Largest Holdings [Text Block]

Top Ten Holdings
Federated Treasury Obligations Fund - Institutional Class
3.30%
StoneX Group, Inc.
1.46%
Stride, Inc.
1.36%
Sterling Infrastructure, Inc.
1.19%
Pathward Financial, Inc.
1.17%
Comfort Systems USA, Inc.
1.16%
Enova International, Inc.
1.13%
SLM Corp.
1.13%
OSI Systems, Inc.
1.10%
Performance Food Group Co.
1.09%

 
Applied Finance Select Fund - Institutional Class  
Shareholder Report [Line Items]  
Fund Name Applied Finance Select Fund
Class Name Institutional Class
Trading Symbol AFVZX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about the Applied Finance Select Fund, Institutional Class Shares for the period of May 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at appliedfinancefunds.com/MutualFunds/InvestorResources. You can also request this information by contacting us at (800) 673-0550.
Additional Information Phone Number (800) 673-0550
Additional Information Website appliedfinancefunds.com/MutualFunds/InvestorResources
Expenses [Text Block]

What were the Fund costs for the past year?

(based on a hypothetical $10,000 investment)

Class Name
 Costs of a $10,000 investment
 Costs paid as a percentage of a $10,000 investment
Applied Finance Select Fund
- Institutional Class
$76
0.76%
Expenses Paid, Amount $ 76
Expense Ratio, Percent 0.76%
Factors Affecting Performance [Text Block]

How did the Fund perform?

For the period of May 1, 2024 to April 30, 2025, the Applied Finance Select Fund Institutional Class Shares (the “Fund”) returned 0.07%.

In comparison, the Morningstar US Market Total Return Index returned 11.51% and the Morningstar US Large Mid Value Total Return Index returned 10.65% for the same period.

What key factors influenced performance?

US stocks rose gradually from May 2024 through January 2025 before peaking in mid-February. Uncertainty over tariffs and their effect on the economy pushed stocks lower in March and part of April, with indices rebounding by the end of the month.

The performance of the Morningstar US Market Total Return Index was strongest in the Financials and Information Technology sectors. During the 12 months ending April 30, 2025, Growth stocks outperformed Value stocks.

The Fund’s holdings focus on large-cap stocks in the US universe. The Fund’s emphasis on Value oriented stocks lowered performance relative to the Morningstar US Market Total Return Index. Information Technology, Consumer Staples and Consumer Discretionary sectors were leading detractors relative to the Morningstar US Market Total Return Index. Underperformance was generally due to stock selection.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
Line Graph [Table Text Block]

Cumulative Performance

(based on a hypothetical $10,000 investment)

Date
Applied Finance Select Fund Institutional Class - $23,731
Morningstar US Market Total Return Index¹ - $26,807
Morningstar US Large Mid Value Total Return Index¹ - $20,717
2/3/2017*
10000
10000
10000
4/30/2017
10279
10401
10147
4/30/2018
11992
11770
11076
4/30/2019
13193
13301
12077
4/30/2020
12621
13227
10708
4/30/2021
19651
19848
15013
4/30/2022
20009
19266
15830
4/30/2023
20130
19569
16423
4/30/2024
23715
24039
18724
4/30/2025
23731
26807
20717
*Inception
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
Average Annual Return [Table Text Block]

Annual Performance

            Average Annual Total Return            
1 Year
5 Year
Since Inception
Applied Finance Select Fund - Institutional Class
0.07%
13.46%
11.06%
Morningstar US Market Total Return Index¹
11.51%
15.18%
12.72%
Morningstar US Large Mid Value Total Return Index¹
10.65%
14.11%
9.25%
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
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.
Updated Performance Information Location [Text Block] Visit appliedfinancefunds.com/MutualFunds/InvestorResources for more recent performance information.
Net Assets $ 570,963,822
Holdings Count | Holdings 51
Advisory Fees Paid, Amount $ 2,998,846
Investment Company, Portfolio Turnover 27.63%
Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of April 30, 2025)

 

 

Fund Net Assets
$570,963,822
Number of Holdings        
51
Total Advisory Fee Paid
$2,998,846
Portfolio Turnover Rate
27.63%
Holdings [Text Block]

Sector Breakdown

Sector
%
Communication Services
0.0998
Consumer Discretionary
0.1068
Consumer Staples
0.0623
Energy
0.0311
Financials
0.1476
Health Care
0.1104
Industrials
0.08439999999999999
Information Technology
0.2901
Materials
0.0178
Real Estate
0.021099999999999997
Utilities
0.0241
Money Market Fund
0.004
Largest Holdings [Text Block]

Top Ten Holdings
KLA Corp.
3.54%
Applied Materials, Inc.
3.33%
Cisco Systems, Inc.
3.28%
Roper Technologies, Inc.
3.28%
International Business Machines Corp.
3.25%
Adobe, Inc.
3.17%
Apple, Inc.
3.14%
Oracle Corp.
3.13%
HP, Inc.
2.90%
Verizon Communications, Inc.
2.65%
Applied Finance Select Fund - Investor Class  
Shareholder Report [Line Items]  
Fund Name Applied Finance Select Fund
Class Name Investor Class
Trading Symbol AFVLX
Annual or Semi-Annual Statement [Text Block] This annual shareholder report contains important information about the Applied Finance Select Fund, Investor Class Shares for the period of May 1, 2024 to April 30, 2025.
Shareholder Report Annual or Semi-Annual annual shareholder report
Additional Information [Text Block] You can find additional information about the Fund at appliedfinancefunds.com/MutualFunds/InvestorResources. You can also request this information by contacting us at (800) 673-0550.
Additional Information Phone Number (800) 673-0550
Additional Information Website appliedfinancefunds.com/MutualFunds/InvestorResources
Expenses [Text Block]

What were the Fund costs for the past year?

(based on a hypothetical $10,000 investment)

Class Name
 Costs of a $10,000 investment
 Costs paid as a percentage of a $10,000 investment
Applied Finance Select Fund
- Investor Class
$101
1.01%
Expenses Paid, Amount $ 101
Expense Ratio, Percent 1.01%
Factors Affecting Performance [Text Block]

How did the Fund perform?

For the period of May 1, 2024 to April 30, 2025, the Applied Finance Select Fund Investor Class Shares (the “Fund”) returned -0.16%.

In comparison, the Morningstar US Market Total Return Index returned 11.51% and the Morningstar US Large Mid Value Total Return Index returned 10.65% for the same period.

What key factors influenced performance?

US stocks rose gradually from May 2024 through January 2025 before peaking in mid-February. Uncertainty over tariffs and their effect on the economy pushed stocks lower in March and part of April, with indices rebounding by the end of the month.

The performance of the Morningstar US Market Total Return Index was strongest in the Financials and Information Technology sectors. During the 12 months ending April 30, 2025, Growth stocks outperformed Value stocks.

The Fund’s holdings focus on large-cap stocks in the US universe. The Fund’s emphasis on Value oriented stocks lowered performance relative to the Morningstar US Market Total Return Index. Information Technology, Consumer Staples and Consumer Discretionary sectors were leading detractors relative to the Morningstar US Market Total Return Index. Underperformance was generally due to stock selection.
Performance Past Does Not Indicate Future [Text] The Fund’s past performance is not a good predictor of how the Fund will perform in the future.
Line Graph [Table Text Block]

Cumulative Performance

(based on a hypothetical $10,000 investment)

Date
Applied Finance Select Fund Investor Class - $23,318
Morningstar US Market Total Return Index¹ - $27,038
Morningstar US Large Mid Value Total Return Index¹ - $20,717
2/1/2017*
10000
10000
10000
4/30/2017
10300
10490
10147
4/30/2018
11985
11871
11076
4/30/2019
13159
13416
12077
4/30/2020
12562
13341
10708
4/30/2021
19508
20019
15013
4/30/2022
19810
19433
15830
4/30/2023
19884
19738
16423
4/30/2024
23356
24246
18724
4/30/2025
23318
27038
20717
*Inception
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
Average Annual Return [Table Text Block]

Annual Performance

            Average Annual Total Return            
1 Year
5 Year
Since Inception
Applied Finance Select Fund - Investor Class
-0.16%
13.17%
10.82%
Morningstar US Market Total Return Index¹
11.51%
15.18%
12.83%
Morningstar US Large Mid Value Total Return Index¹
10.65%
14.11%
9.24%
¹ The Fund is not sponsored, endorsed, sold or promoted by Morningstar, Inc. or any of its affiliates (all such entities, collectively, “Morningstar Entities”). The Morningstar Entities make no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in equities generally or in the Fund in particular or the ability of the Morningstar Indexes to track general equity market performance.
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.
Updated Performance Information Location [Text Block] Visit appliedfinancefunds.com/MutualFunds/InvestorResources for more recent performance information.
Net Assets $ 570,963,822
Holdings Count | Holdings 51
Advisory Fees Paid, Amount $ 2,998,846
Investment Company, Portfolio Turnover 27.63%
Additional Fund Statistics [Text Block]

Key Fund Statistics

(as of April 30, 2025)

 

 

Fund Net Assets
$570,963,822
Number of Holdings        
51
Total Advisory Fee Paid
$2,998,846
Portfolio Turnover Rate
27.63%
Holdings [Text Block]

Sector Breakdown

Sector
%
Communication Services
0.0998
Consumer Discretionary
0.1068
Consumer Staples
0.0623
Energy
0.0311
Financials
0.1476
Health Care
0.1104
Industrials
0.08439999999999999
Information Technology
0.2901
Materials
0.0178
Real Estate
0.021099999999999997
Utilities
0.0241
Money Market Fund
0.004
Largest Holdings [Text Block]

Top Ten Holdings
KLA Corp.
3.54%
Applied Materials, Inc.
3.33%
Cisco Systems, Inc.
3.28%
Roper Technologies, Inc.
3.28%
International Business Machines Corp.
3.25%
Adobe, Inc.
3.17%
Apple, Inc.
3.14%
Oracle Corp.
3.13%
HP, Inc.
2.90%
Verizon Communications, Inc.
2.65%