0001396092 2026-01-01 2026-06-30 0001396092 ldr:C000144756Member 2026-01-01 2026-06-30 0001396092 ldr:C000144757Member 2026-01-01 2026-06-30 0001396092 ldr:C000144756Member 2026-06-30 0001396092 ldr:C000144757Member 2026-06-30 0001396092 ldr:C000144756Member ldr:DiversifiedOtherSectorMember 2026-06-30 0001396092 ldr:C000144756Member us-gaap:HealthcareSectorMember 2026-06-30 0001396092 ldr:C000144756Member oef:IndustrialSectorMember 2026-06-30 0001396092 ldr:C000144756Member ldr:OfficeSectorMember 2026-06-30 0001396092 ldr:C000144756Member ldr:ResidentialSectorMember 2026-06-30 0001396092 ldr:C000144756Member us-gaap:RetailSectorMember 2026-06-30 0001396092 ldr:C000144756Member ldr:ServicesSectorMember 2026-06-30 0001396092 ldr:C000144756Member oef:UtilitiesSectorMember 2026-06-30 0001396092 ldr:C000144756Member ldr:MoneyMarketFundSectorMember 2026-06-30 0001396092 ldr:C000144757Member ldr:DiversifiedOtherSectorMember 2026-06-30 0001396092 ldr:C000144757Member us-gaap:HealthcareSectorMember 2026-06-30 0001396092 ldr:C000144757Member oef:IndustrialSectorMember 2026-06-30 0001396092 ldr:C000144757Member ldr:OfficeSectorMember 2026-06-30 0001396092 ldr:C000144757Member ldr:ResidentialSectorMember 2026-06-30 0001396092 ldr:C000144757Member us-gaap:RetailSectorMember 2026-06-30 0001396092 ldr:C000144757Member ldr:ServicesSectorMember 2026-06-30 0001396092 ldr:C000144757Member oef:UtilitiesSectorMember 2026-06-30 0001396092 ldr:C000144757Member ldr:MoneyMarketFundSectorMember 2026-06-30 0001396092 ldr:C000144756Member ldr:PrologisIncMember 2026-06-30 0001396092 ldr:C000144756Member ldr:EquinixIncMember 2026-06-30 0001396092 ldr:C000144756Member ldr:WelltowerIncMember 2026-06-30 0001396092 ldr:C000144756Member ldr:SimonPropertyGroupIncMember 2026-06-30 0001396092 ldr:C000144756Member ldr:PublicStorageMember 2026-06-30 0001396092 ldr:C000144756Member ldr:VertivHoldingsCoMember 2026-06-30 0001396092 ldr:C000144756Member ldr:AmericanTowerCorporateREITMember 2026-06-30 0001396092 ldr:C000144756Member ldr:DigitalRealtyTrustIncMember 2026-06-30 0001396092 ldr:C000144756Member ldr:EssexPropertyTrustIncMember 2026-06-30 0001396092 ldr:C000144756Member ldr:CrownCastleIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:PrologisIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:EquinixIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:WelltowerIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:SimonPropertyGroupIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:PublicStorageMember 2026-06-30 0001396092 ldr:C000144757Member ldr:VertivHoldingsCoMember 2026-06-30 0001396092 ldr:C000144757Member ldr:AmericanTowerCorporateREITMember 2026-06-30 0001396092 ldr:C000144757Member ldr:DigitalRealtyTrustIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:EssexPropertyTrustIncMember 2026-06-30 0001396092 ldr:C000144757Member ldr:CrownCastleIncMember 2026-06-30 iso4217:USD pure ldr:Holdings false N-1A 0001396092 N-CSRS World Funds Trust 2026-06-30 semi-annual shareholder report LDR High Income Realty Fund Institutional Class Shares HLRRX This <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_903_eoef--ShareholderReportAnnualOrSemiAnnual_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_zzz1H0o8Nho5">semi-annual shareholder report</span></span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">LDR High Income Realty Fund</span>, <span style="box-sizing: border-box; font-weight: normal">Institutional Class</span> for the period of <span style="box-sizing: border-box; font-weight: normal">January 1, 2026</span> to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_90C_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_zrkP60FM58ic">ldrcapitalmgmt.com/mutual-funds/</span></span>. You can also request this information by contacting us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_908_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_zCdzTxj49jv5">(800) 673-0550</span></span>. ldrcapitalmgmt.com/mutual-funds/ (800) 673-0550 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000144756Member_dD_zF1gHRZjjRVh" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What were the Fund costs for the period?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: -2pt"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Class Name</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Institutional Class</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_zTJrTL4ejidg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$87</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_987_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_fuQ_____z0N80UtCX6sl" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.64%¹</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F09_zpVUo3Ph9zle" style="width: 15pt; text-align: right">¹</td><td style="width: 5pt"></td><td id="xdx_F14_zYyq3CCNx3Wc" style="text-align: justify">Annualized.</td> </tr></table> 87 0.0164 <p id="xdx_80F_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000144756Member_dD_z8fatdZCR0ej" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt Gotham Narrow-Light,Arial; margin: 0 0 3pt; box-sizing: border-box; text-align-last: auto; padding-top: 0; color: #4f4f4f; text-align: left; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000144756Member_ziDNLD0SY6m7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$30,401,699</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000144756Member_zkJ7c4CNUNS7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">51</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_zANMsLBLf7pg" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$41,525</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000144756Member_zK45jZbvbmW6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">74.49%</span></div></td></tr> </table></div></div></div> 30401699 51 41525 0.7449 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000144756Member_dD_zZyEZHxSESX8" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 16pt 0 -4pt; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(% of Net Assets as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span></p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"><span style="box-sizing: border-box; font-size: 9pt"></span></p><div style="border-right: #000 0.47pt solid; margin: 0 0 3.75pt; padding: 0 20pt 0 0; grid-column: 1 / 2; grid-row: 4 / 5; box-sizing: border-box; text-align-last: auto; width: 286pt; height: auto; min-width: 0; overflow-wrap: break-word"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Sector Breakdown</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Diversified/Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__custom--DiversifiedOtherSectorMember_z7VQQ3Z5Z4db" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.4785</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_98B_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zyDAit4U0qej" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.1566</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zE9QM4mSaYtj" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.1051</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Office</div></td> <td style="box-sizing: border-box"> <div id="xdx_988_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__custom--OfficeSectorMember_zNHxLDjICmal" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.037</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Residential</div></td> <td style="box-sizing: border-box"> <div id="xdx_982_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__custom--ResidentialSectorMember_zjUv8bBppwzc" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.0981</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Retail</div></td> <td style="box-sizing: border-box"> <div id="xdx_980_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__us-gaap--RetailSectorMember_zNA2oKn19Zad" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.089</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__custom--ServicesSectorMember_zXx3UWob5VE3" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.0232</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zuFQV5NNqiO7" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.0216</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Money Market Fund</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144756Member__oef--IndustrySectorAxis__custom--MoneyMarketFundSectorMember_zlZt3cGHZ9mc" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.024</div></td></tr> </table></div></div><img alt="bar" src="qesfh0g1msj0nm49.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div></div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"> </p></div></div></div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: -26pt"> </p> 0.4785 0.1566 0.1051 0.037 0.0981 0.089 0.0232 0.0216 0.024 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000144756Member_dD_zyRgjIKV4dA4" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Ten Holdings</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Prologis, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--PrologisIncMember_zxBlkryCDxZf" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">8.39%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Equinix, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--EquinixIncMember_zkF9zz7HnCIa" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">6.61%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Welltower, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--WelltowerIncMember_z0ibw6D4t105" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">6.50%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Simon Property Group, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--SimonPropertyGroupIncMember_zaYHkHd01iS7" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.77%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Public Storage</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--PublicStorageMember_zwuE04qDFFa9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.47%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vertiv Holdings Co.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--VertivHoldingsCoMember_zLfDOJdi1jBe" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.33%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">American Tower Corporate REIT</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--AmericanTowerCorporateREITMember_zNYrEWJQ0OZ6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.30%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Digital Realty Trust, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--DigitalRealtyTrustIncMember_zKAcRWyxXnT4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.78%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Essex Property Trust, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--EssexPropertyTrustIncMember_zH1nr1MjZjk8" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.45%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Crown Castle, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_980_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144756Member__oef--LargestHoldingAxis__custom--CrownCastleIncMember_z8gaByBiAeOk" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.02%</span></div></td></tr> </table></div> 0.0839 0.0661 0.0650 0.0577 0.0547 0.0533 0.0530 0.0478 0.0445 0.0402 LDR High Income Realty Fund Platform Class Shares HLPPX This <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_901_eoef--ShareholderReportAnnualOrSemiAnnual_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_zR9SeXiCVln1">semi-annual shareholder report</span></span> contains important information about the <span style="box-sizing: border-box; font-weight: normal">LDR High Income Realty Fund</span>, <span style="box-sizing: border-box; font-weight: normal">Platform Class</span> for the period of <span style="box-sizing: border-box; font-weight: normal">January 1, 2026</span> to <span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span>. semi-annual shareholder report You can find additional information about the Fund at <span style="margin: 0; padding: 0; text-decoration: none; box-sizing: border-box; color: inherit; cursor: pointer; font-weight: 400"><span id="xdx_903_eoef--AddlInfoWebsite_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_zDuFrqN0BRud">ldrcapitalmgmt.com/mutual-funds/</span></span>. You can also request this information by contacting us at <span style="box-sizing: border-box; font-weight: normal"><span id="xdx_901_eoef--AddlInfoPhoneNumber_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_zQ8xrnCxYv31">(800) 673-0550</span></span>. ldrcapitalmgmt.com/mutual-funds/ (800) 673-0550 <p id="xdx_80E_eoef--ExpensesTextBlock_hoef--ClassAxis__custom--C000144757Member_dD_zGoohNqFkqna" style="font: 700 11pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 20.52px; align-content: center; line-height: 20.53px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What were the Fund costs for the period?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: -2pt"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(based on a hypothetical $10,000 investment)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Class Name</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs of a $10,000 investment</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 8pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Costs paid as a percentage of a $10,000 investment</span></div></th></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Platform Class</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--ExpensesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_zqQ52WBfhrH5" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$100</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--ExpenseRatioPct_dp_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_fuQ_____zZ92C5MXzaZh" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: center"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">1.89%¹</span></div></td></tr> </table></div></div></div> <table cellpadding="0" cellspacing="0" style="font: normal 8pt/1.4 Gotham Narrow-Light,Arial; color: #4f4f4f; margin-top: 0; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td id="xdx_F08_zJC1d01fUid7" style="width: 15pt; text-align: right">¹</td><td style="width: 5pt"></td><td id="xdx_F1D_zB13V2b87y2g" style="text-align: justify">Annualized.</td> </tr></table> 100 0.0189 <p id="xdx_80F_eoef--AddlFundStatisticsTextBlock_hoef--ClassAxis__custom--C000144757Member_dD_zWSSkaYHeCoh" style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0 0 -2pt; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Key Fund Statistics</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; margin: 0 0 3pt; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; text-align: left; text-indent: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span></p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="font: 10pt Gotham Narrow-Light,Arial; margin: 0 0 3pt; box-sizing: border-box; text-align-last: auto; padding-top: 0; color: #4f4f4f; text-align: left; text-indent: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: fixed; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Fund Net Assets</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_989_eus-gaap--AssetsNet_iI_c20260630__oef--ClassAxis__custom--C000144757Member_zbRnwxgfeED" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$30,401,699</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Number of Holdings</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_986_eoef--HoldingsCount_iI_uHoldings_c20260630__oef--ClassAxis__custom--C000144757Member_zNqWC75KyB9l" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">51</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Total Net Advisory Fee</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_988_eoef--AdvisoryFeesPaidAmt_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_zV0vkhXciUw4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">$41,525</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Portfolio Turnover Rate</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eus-gaap--InvestmentCompanyPortfolioTurnover_dp_c20260101__20260630__oef--ClassAxis__custom--C000144757Member_zaMqZU1gJ4M9" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">74.49%</span></div></td></tr> </table></div></div></div> 30401699 51 41525 0.7449 <p id="xdx_80B_eoef--HoldingsTableTextBlock_hoef--ClassAxis__custom--C000144757Member_dD_z3cYHhe6vFr5" style="font: 700 18pt/1.4 Gotham Narrow-Bold,Arial; margin: 16pt 0 -4pt; text-align-last: auto; display: block; min-height: 33.6px; align-content: center; line-height: 33.6px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">What did the Fund invest in?</p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; text-align-last: auto; display: block; min-height: 18.67px; align-content: center; line-height: 18.66px; box-sizing: border-box; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">(% of Net Assets as of </span><span style="box-sizing: border-box; font-size: 9pt"><span style="box-sizing: border-box; font-weight: normal">June 30, 2026</span></span><span style="box-sizing: border-box; font-size: 9pt; font-weight: normal">)</span></p> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"><span style="box-sizing: border-box; font-size: 9pt"></span></p><div style="border-right: #000 0.47pt solid; margin: 0 0 3.75pt; padding: 0 20pt 0 0; grid-column: 1 / 2; grid-row: 4 / 5; box-sizing: border-box; text-align-last: auto; width: 286pt; height: auto; min-width: 0; overflow-wrap: break-word"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; position: relative"> <p style="font: 700 13pt/1.4 Gotham Narrow-Bold,Arial; margin: 0; text-align-last: auto; display: block; min-height: 24.26px; align-content: center; line-height: 24.26px; box-sizing: border-box; color: #231f20; text-align: left; text-indent: 0">Sector Breakdown</p> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto"> <div style="box-sizing: border-box; text-align-last: auto; padding-top: 0"> <div style="box-sizing: border-box; text-align-last: auto"> <table style="margin: 0; padding: 0; box-sizing: border-box; width: fit-content; table-layout: fixed; border-collapse: collapse; display: none"> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">sector</div></td> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">%</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Diversified/Other</div></td> <td style="box-sizing: border-box"> <div id="xdx_987_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__custom--DiversifiedOtherSectorMember_ziccjqoWiRLa" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.4785</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Health Care</div></td> <td style="box-sizing: border-box"> <div id="xdx_981_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__us-gaap--HealthcareSectorMember_zRpJwO0i71C3" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.1566</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Industrials</div></td> <td style="box-sizing: border-box"> <div id="xdx_989_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__oef--IndustrialSectorMember_zpX4vUZAYO2j" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.1051</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Office</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__custom--OfficeSectorMember_zzNFQO5bPop5" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.037</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Residential</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__custom--ResidentialSectorMember_z0rg0IUXicLj" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.0981</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Retail</div></td> <td style="box-sizing: border-box"> <div id="xdx_984_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__us-gaap--RetailSectorMember_zSu6rVEbH7qh" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.089</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Services</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__custom--ServicesSectorMember_zpxALrUGoNyg" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.0232</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Utilities</div></td> <td style="box-sizing: border-box"> <div id="xdx_98E_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__oef--UtilitiesSectorMember_zqqScvTRcA96" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.0216</div></td></tr> <tr style="box-sizing: border-box"> <td style="box-sizing: border-box"> <div style="box-sizing: border-box; text-align-last: auto; font-weight: normal">Money Market Fund</div></td> <td style="box-sizing: border-box"> <div id="xdx_985_eoef--PctOfNav_iI_c20260630__oef--ClassAxis__custom--C000144757Member__oef--IndustrySectorAxis__custom--MoneyMarketFundSectorMember_zWroljDtFfGa" style="box-sizing: border-box; text-align-last: auto; font-weight: normal">0.024</div></td></tr> </table></div></div><img alt="bar" src="qesfh0g1msj0nm49.jpg" style="box-sizing: border-box; width: 100%; height: auto"/></div></div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; margin-top: 0; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0"> </p></div></div></div> <p style="font: 10pt/1.4 Gotham Narrow-Light,Arial; box-sizing: border-box; text-align-last: auto; display: block; color: #4f4f4f; text-align: left; margin-left: 0; text-indent: 0; margin-right: 0; margin-top: -26pt"> </p> 0.4785 0.1566 0.1051 0.037 0.0981 0.089 0.0232 0.0216 0.024 <div id="xdx_806_eoef--LargestHoldingsTableTextBlock_hoef--ClassAxis__custom--C000144757Member_dD_zwADyGepcDS2" style="box-sizing: border-box; text-align-last: auto"> <table style="box-sizing: border-box; width: 100%; table-layout: auto; border-collapse: collapse; line-height: normal"> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Top Ten Holdings</span></div></th> <th style="border-bottom: #4f4f4f 1.4pt solid; box-sizing: border-box; line-height: normal"> <div style="font: 700 13pt Gotham Narrow-Bold,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #231f20; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px"></span></div></th></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Prologis, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98D_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--PrologisIncMember_zfxHM78WF6na" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">8.39%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Equinix, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98B_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--EquinixIncMember_zQ1N2BQw5sn6" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">6.61%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Welltower, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_985_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--WelltowerIncMember_z66AsTaXDH1" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">6.50%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Simon Property Group, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_984_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--SimonPropertyGroupIncMember_zaEL8v5BU7Y5" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.77%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Public Storage</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98C_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--PublicStorageMember_zy9qeJdI9Hb4" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.47%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Vertiv Holdings Co.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_98A_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--VertivHoldingsCoMember_zqVIfwU7ThIj" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.33%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">American Tower Corporate REIT</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_981_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--AmericanTowerCorporateREITMember_z3Dnou6K8aza" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">5.30%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Digital Realty Trust, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--DigitalRealtyTrustIncMember_zj3OhWuFZ7Fc" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.78%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Essex Property Trust, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--EssexPropertyTrustIncMember_zbTJ12ZMWh7c" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.45%</span></div></td></tr> <tr style="box-sizing: border-box; height: auto; line-height: normal"> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div style="font: bold 9pt Gotham Narrow-Medium,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: left"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: bold">Crown Castle, Inc.</span></div></td> <td style="border-bottom: #000 1pt solid; box-sizing: border-box; line-height: normal"> <div id="xdx_983_eoef--PctOfNav_iI_dp_c20260630__oef--ClassAxis__custom--C000144757Member__oef--LargestHoldingAxis__custom--CrownCastleIncMember_zJgknvVe96ae" style="font: 9pt Gotham Narrow-Light,Arial; margin: 0; box-sizing: border-box; text-align-last: auto; color: #4f4f4f; text-indent: 0; text-align: right"><span style="box-sizing: border-box; display: inline-block; min-height: 1px; min-width: 1px; font-weight: normal">4.02%</span></div></td></tr> </table></div> 0.0839 0.0661 0.0650 0.0577 0.0547 0.0533 0.0530 0.0478 0.0445 0.0402 Annualized. Annualized.