# 2026-11288: Fund Seeks Faster Subadvisor Switches Without Votes

2026-11288, World Funds Trust and LDR Capital Management, LLC, is a Federal Register notice from Securities and Exchange Commission published 2026-06-05, effective The application was filed on July 9, 2025, and amended on January 5, 2026, and April 9, 2026.; PRIA reads it as touching household money (as of 2026-06-12).

- Canonical: https://policyrisk.com/federal-register/2026-11288
- As of: 2026-06-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Document number: 2026-11288
- Title: World Funds Trust and LDR Capital Management, LLC
- Type: Notice
- Agencies: Securities and Exchange Commission
- Citation: 91 FR 34266
- Published: 2026-06-05
- Effective: The application was filed on July 9, 2025, and amended on January 5, 2026, and April 9, 2026.
- Comments close: not stated
- Significant: no
- Touches household money: yes
- Regulation identifier numbers: none
- Last updated: 2026-06-12

## In one line

Fund Seeks Faster Subadvisor Switches Without Votes

## Summary

World Funds Trust and LDR Capital Management want to make it easier to change their subadvisor agreements without asking shareholders every time. They’re also asking to skip some usual fee disclosures about these subadvisors. If no one objects by June 29, 2026, the SEC will approve these changes, which could speed up how these funds manage their fees and partnerships.

## Effects PRIA read

- Skip shareholder vote on subadvisors: cost, low. If you own shares of World Funds Trust, the fund asked the SEC for permission to enter into and materially amend subadvisory agreements with certain subadvisors without asking shareholders to approve those changes. The application was filed July 9, 2025 (amended Jan 5, 2026 and Apr 9, 2026); the SE…
- Fee disclosure relief for subadvisors: cost, medium. The Applicants requested relief from certain disclosure requirements (including rule 20a-1, Item 19(a)(3) of Form N-1A, specified Items of Schedule 14A, and Sections 6-07(2)(a)-(c) of Regulation S-X) as they relate to fees paid to subadvisors. If the SEC grants the requested relief (absent a hearin…

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## Sources
- [2026-11288 on federalregister.gov](https://www.federalregister.gov/documents/2026/06/05/2026-11288/world-funds-trust-and-ldr-capital-management-llc)
- [2026-11288 as published (PDF)](https://www.govinfo.gov/content/pkg/FR-2026-06-05/pdf/2026-11288.pdf)

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Source: PRIA, https://policyrisk.com/federal-register/2026-11288 (as of 2026-06-12).