Vest U.S. Large Cap 10% Buffer Strategies VI

C000234708 Fund Overview

Vest U.S. Large Cap 10% Buffer Strategies VI is a US mutual fund managed by World Funds Trust, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: World Funds Trust
• Category: United States Large Cap Blend / Core Equity
• Assets under management: $15.76M
• 1-year return: 11.0%
• SEC CIK: 0001396092
• SEC series ID: S000075529
• Share class ID: C000234708

C000234708 Investment Objective and Strategy

Vest U.S. Large Cap 10% Buffer Strategies VI describes its objective and strategy as follows, from its latest prospectus filed with the SEC by World Funds Trust.

Investment objective

The Vest US Large Cap 10% Buffer Strategies VI Fund (the Fund) seeks to provide investors with capital appreciation.

Principal investment strategy

The Fund aims to achieve its objective by seeking to capture returns, up to a maximum gain, generated by U.S. large cap equity markets in rising markets, while seeking to cushion against losses in declining markets (i.e., a buffer). The Fund seeks to accomplish its goals by investing in a portfolio of options-based buffered investment strategies. The Fund attempts to achieve its investment objective through the construction of twelve laddered portfolios of 10% buffer strategies (each a 10% Buffer Strategy) that invest in exchange-traded Flexible Exchange Options (FLEX Options) linked to a US large-cap equity index (the Index), such as the S&P 500 Index. Under normal market conditions, the Fund will invest at least 80% of the value of its net assets (the 80% Test) in a portfolio, or other investment companies that hold a portfolio, of FLEX Options linked to the Index and that are designed to replicate the returns of the twelve 10% Buffer Strategies.

Each 10% Buffer Strategy seeks to provide investors with returns (before fees, expenses and taxes) that match the price return of the Index, up to a predetermined upside cap, while providing a buffer against the first 10% (before fees, expenses and taxes) of Index losses, over a defined one-year period. FLEX Options are customizable exchange-traded option contracts. For purposes of determining compliance with the Funds 80% Test, the Fund will only purchase FLEX Options on an Index, such as the S&P 500 index, that is considered to measure the large cap universe of issuers in the United States. For purposes of calculating the valuing the FLEX Options position and assessing compliance with the 80% Test, the Fund will consider the market value of its FLEX Options positions. The term laddered portfolio refers to the Funds portfolio being effectively divided into twelve segments (each referred to herein as a tranche), and each tranche being invested in options that have expiration dates which occur on a rolling, or periodic, basis.

The Funds laddered approach means that, at any given time, the Fund will generally hold one 10% Buffer Strategy that will reset its cap and refresh its buffer (see discussion below) within one month, a second 10% Buffer Strategy that will reset its cap and refresh its buffer within two months, a third 10% Buffer Strategy that will reset its cap and refresh its buffer within three months, etc., up to and including twelve months. The rolling or laddered nature of the investments in the Buffer Strategies creates diversification of investment time period compared to the risk of buying or selling any one 10% Buffer Strategy at any one time. This diversification of investment time period is intended to mitigate the risk of failing to benefit from the buffer of a single 10% Buffer Strategy due to the timing of investment in such Buffer Strategy and the relative price of the Index.

The Fund constructs each monthly tranche of a 10% Buffer Strategy with FLEX Options that will be held for an approximate period of one year. Each month, a previously purchased tranches options will generally expire, be exercised or be sold at or near their expiration, and the proceeds generally are used to purchase (or roll into) a new tranche of options expiring in approximately one year. In other words, at any given time, the Fund will generally have one tranche with options expiring in approximately one month, a second tranche expiring in approximately two months, and so on, up to a twelfth tranche expiring in approximately twelve months. Each monthly tranche of a 10% Buffer Strategy that is constructed within the Funds portfolio seeks to provide returns or losses before all estimated fees and expenses based on the price performance of the Index (which does not include the dividends paid by the companies in the Index) from the third Wednesday of the month to which the tranche belongs to the third Wednesday of the same month the following year (the Tranche Holding Period) subject to the following conditions: ?

If the price of the Index appreciates over the Tranche Holding Period, the tranche seeks to provide a total return that increases by the percentage increase of the price of the Index, up to a maximum return that is determined at the start of the Tranche Holding Period (the Capped Return). ? If the price of the Index decreases over the Tranche Holding Period by 10% or less (the Buffer Amount), the tranche seeks to provide a total return of zero. ? If the price of the Index decreases over the Tranche Holding Period by more than 10%, the tranche seeks to provide a total return loss that is 10% less than the percentage decrease in the price of the Index with a maximum loss of approximately 90%. Each 10% Buffer Strategy has been specifically designed to produce the outcomes based upon the Indexs returns over the duration of the Tranche Holding Period.

Each 10% Buffer Strategy is designed to deliver returns that match the price return of the Index, subject to the cap and buffer, if the strategy was entered into on the day on which the 10% Buffer Strategy enters the FLEX Options (i.e., the first day of a Tranche Holding Period) and held until those FLEX Options expire at the end of the Tranche Holding Period. At the end of each Tranche Holding Period, the FLEX Options for that tranche are generally sold or expire, and the proceeds are used to purchase (or roll into) a new set of FLEX Options expiring in approximately one year. This means that approximately every 30 days, one of the 10% Buffer Strategies will undergo a reset of its cap and a refresh of its buffer. At any given time, the Fund will generally hold one 10% Buffer Strategy with FLEX Options expiring within one month, a second 10% Buffer Strategy with FLEX Options expiring within two months, a third 10% Buffer Strategy with FLEX Options expiring within three months, etc., up to and including twelve months.

The rolling or laddered nature of the investments in the 10% Buffer Strategies creates diversification of investment time-period and market level (meaning the level of the Index at any given time) compared to the risk of acquiring or disposing of any one 10% Buffer Strategy at any one time. Because the Fund will increase its position in the 10% Buffer Strategies in connection with inflows of assets into the Fund and during any rebalance, the Fund may enter the 10% Buffer Strategies on days other than the first day of the Tranche Holding Period. Likewise, the Fund will exit some of its position in the 10% Buffer Strategies in connection with outflows of assets from the Fund and during any rebalance, and such disposals typically will not occur on the last day of a Tranche Holding Period. As a result, the value of the Funds investment in the 10% Buffer Strategies may not be buffered against a specific level of decline in the value of the Index and may not participate in a gain in the value of the Index up to a specific level of cap for the Funds investment period.

At times during the Tranche Holding Period, the value of the securities in the Fund could vary because of related factors other than the level of the Index. Certain related factors are interest rates, implied volatility levels of the Index and securities comprising the Index, and implied dividend levels of the Index and securities comprising the Index. As a result, the Fund may experience investment returns that are very different from those that a single 10% Buffer Strategy seeks to provide. The Fund will construct a non-diversified portfolio that may include exchange-traded FLEX Options that reference the Index and / or other investment companies that hold exchange-traded FLEX Options that reference the Index. Specifically, each tranche may consist of purchased call FLEX Options (i.e., options that give the Fund the right to receive the price of the Index), written put FLEX Options (i.e., options that obligate the Fund to receive the price of the Index), purchased put FLEX Options (i.e., options that give the Fund the right to pay the price of the Index), and written call FLEX Options (i.e., options that obligate the Fund to pay the price of the Index).

Each monthly tranche is designed to provide partial protection from market downturns at the expense of limiting gains when the market is strongly positive. Option contracts on an index give one party the right to receive or deliver the cash value of the particular index, and another party the obligation to receive or deliver the cash value of that index. Many options are exchange-traded and are available to investors with set or defined contract terms. The Fund will use FLEX Options, which are customized equity or index option contracts that trade on an exchange, but that provide investors with the ability to customize key contract terms like exercise prices, styles and expiration dates. Like standardized exchange-traded options, FLEX Options are guaranteed for settlement by The Options Clearing Corporation (OCC), a market clearinghouse.

The OCC guarantees performance by each of the counterparties to the FLEX Options, becoming the buyer for every seller and the seller for every buyer, protecting clearing members and options traders from counterparty risk. FLEX Options provide investors with the ability to customize key terms, while achieving price discovery in competitive, transparent auctions markets and avoiding the counterparty exposure of Over-the-Counter (OTC) options positions. For any given tranche, the FLEX Options do not protect against declines of over 10% and investors will bear a loss that is 10% less than the percentage loss on the Index. Further, while each monthly tranche of the Fund seeks to limit losses from declines up to 10% of the Index on an annualized basis, there is no guarantee that it will do so. The FLEX Options also are intended to allow each monthly tranche of the Fund to participate in gains in the Index up to a maximum cap.

Thus, even if Index gains exceed that maximum cap, the gains in each monthly tranche of the Fund will be capped. The Fund expects that its assets will generally be invested evenly across the monthly tranches. As a result, portions of the Funds investments will have different levels of protection against declines in the Index and different levels of capped gains from gains in the Index. This creates diversification of market levels, protection levels and capped levels on a monthly basis compared to the risk of investing only in a single monthly tranche with the market level, protection level and capped level fixed for approximately one year. The Funds strategy is designed so that any amount owed by the Fund on FLEX Options written by the Fund (Written Options) will be covered by payouts at the expiration of the FLEX Options purchased by the Fund (Purchased Options).

The Fund receives premiums in exchange for the Written Options and pays premiums in exchange for the Purchased Options. Because amounts owed on the Written Options will be covered by payouts at the expiration of the Purchased Options, the Fund will not be in a net obligation position from the use of FLEX Options. From time to time, the Fund may hold a portion of its assets in cash or invest them in liquid, short-term investments, including U.S. government obligations, certificates of deposit, commercial paper, other investment companies, money market instruments or other securities to maintain liquidity or pending selection of investments in accordance with its policies.

C000234708 Holdings

Top 10 holdings of Vest U.S. Large Cap 10% Buffer Strategies VI by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000234708 holdings

C000234708 Portfolio Allocation

Asset-class allocation of Vest U.S. Large Cap 10% Buffer Strategies VI by percentage of net assets, from the latest SEC N-PORT filing.

C000234708 Performance

Total returns for C000234708 (as of 2026-10-01), from SEC filings.

C000234708 Risk Information

Risk metrics for C000234708, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 7.7%

C000234708 Costs and Fees

C000234708 costs about $80 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.80%
• Gross expense ratio: 1.70%
• Portfolio turnover: 0%
• Brokerage commissions: 7.87 bps of average net assets (SEC N-CEN)

C000234708 Cashflows

Over the 12 months to 2025-09, Vest U.S. Large Cap 10% Buffer Strategies VI had net inflows of $9.07M, from monthly SEC N-PORT filings.

C000234708 Debt Constituents

No individual debt constituents are reported in Vest U.S. Large Cap 10% Buffer Strategies VI's latest SEC N-PORT filing.

C000234708 Prospectus and SEC Filings

Official Vest U.S. Large Cap 10% Buffer Strategies VI filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-04-30
• Prospectus (485BPOS) — filed 2024-04-29
• Prospectus (485BPOS) — filed 2023-04-28
• Portfolio holdings (N-PORT) — filed 2025-11-06
• Portfolio holdings (N-PORT) — filed 2025-08-07
• Portfolio holdings (N-PORT) — filed 2025-05-13
• Annual census (N-CEN) — filed 2025-03-17
• Annual census (N-CEN) — filed 2024-03-13

Related Funds

Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:

• Vanguard Total Stock Market Index Fund (VTSMX)
• Vanguard 500 Index Fund (VFINX)
• iShares Core S&P 500 ETF (IVV)
• Fidelity 500 Index Fund (FXAIX)
• Vanguard Institutional Index Fund (VINIX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.