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      <liveTestFlag>LIVE</liveTestFlag>
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        <issuerCredentials>
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        <returnCopyFlag>false</returnCopyFlag>
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      <investmentCompFileNo>811-23086</investmentCompFileNo>
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      <registrantLei>549300N7GBLBE3X3CK58</registrantLei>
      <registrantstreet1>127 NW 13TH STREET SUITE 13</registrantstreet1>
      <registrantcity>BOCA RATON</registrantcity>
      <registrantzipCode>33432</registrantzipCode>
      <registrantstate>US-FL</registrantstate>
      <registrantcountry>US</registrantcountry>
      <registrantphoneNumber>1-800-950-9112</registrantphoneNumber>
      <websites>
        <website webpage="N/A"/>
      </websites>
      <locationBooksRecords>
        <locationBooksRecord>
          <officeName>WP Trust</officeName>
          <officeAddress1>127 NW 13TH STREET SUITE 13</officeAddress1>
          <officeCity>BOCA RATON</officeCity>
          <officeStateCountry officeState="US-FL" officeCountry="US"/>
          <officeRecordsZipCode>33432</officeRecordsZipCode>
          <officePhone>1-800-950-9112</officePhone>
          <booksRecordsDesc>All accounts, books, documents and records relating to its function as investment advisor to the WP Funds.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>MUTUAL SHAREHOLDER SERVICES, LLC</officeName>
          <officeAddress1>8000 TOWN CENTRE DRIVE, SUITE 400</officeAddress1>
          <officeCity>BROADVIEW HEIGHTS</officeCity>
          <officeStateCountry officeState="US-OH" officeCountry="US"/>
          <officeRecordsZipCode>44147</officeRecordsZipCode>
          <officePhone>440-922-0066</officePhone>
          <booksRecordsDesc>All accounts, books and documents required to be maintained by the Transfer Agent, Fund Accounting Agent and Shareholder Servicing Agent pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3.</booksRecordsDesc>
        </locationBooksRecord>
        <locationBooksRecord>
          <officeName>FIFTH THIRD BANK, N. A.</officeName>
          <officeAddress1>38 FOUNTAIN SQUARE PLAZA</officeAddress1>
          <officeCity>CINCINNATI</officeCity>
          <officeStateCountry officeState="US-OH" officeCountry="US"/>
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          <booksRecordsDesc>All records relating to its function as Custodian.</booksRecordsDesc>
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      <isRegistrantLastFiling>N</isRegistrantLastFiling>
      <isRegistrantFamilyInvComp>N</isRegistrantFamilyInvComp>
      <registrantClassificationType>N-1A</registrantClassificationType>
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      <terminatedSeries>
        <terminatedSeriesInfo terminationDate="11/2022" seriesName="WP Smaller Companies Income Plus Fund" seriesId="S000051312"/>
        <terminatedSeriesInfo terminationDate="11/2022" seriesName="WP International Companies Income Plus Fund" seriesId="S000051313"/>
        <terminatedSeriesInfo terminationDate="11/2022" seriesName="WP Income Plus Fund" seriesId="S000051314"/>
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      <isSecuritiesActRegistration>Y</isSecuritiesActRegistration>
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          <directorName>DONALD H. BAXTER</directorName>
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        <director>
          <directorName>CHARLES S. STOLL</directorName>
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        <director>
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        <chiefComplianceOfficer>
          <ccoName>JULIAN G. WINTERS</ccoName>
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          <ccoStreet1>3993 Sunset Avenue, Suite 201</ccoStreet1>
          <ccoCity>Rocky Mount</ccoCity>
          <ccoStateCountry ccoCountry="US" ccoState="US-NC"/>
          <ccoZipCode>27804</ccoZipCode>
          <ccoPhone>XXXXXX</ccoPhone>
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        </chiefComplianceOfficer>
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      <isPreviousLegalProceeding>N</isPreviousLegalProceeding>
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      <isClaimFiled>N</isClaimFiled>
      <coveredByInsurancePolicy isCoveredByInsurancePolicy="Y" isClaimFiledDuringPeriod="N"/>
      <isFinancialSupportDuringPeriod>N</isFinancialSupportDuringPeriod>
      <isExemptionFromAct>N</isExemptionFromAct>
      <principalUnderwriters>
        <principalUnderwriter>
          <principalUnderwriterName>ARBOR COURT CAPITAL, LLC</principalUnderwriterName>
          <principalUnderwriterFileNumber>008-67609</principalUnderwriterFileNumber>
          <principalUnderwriterCrdNumber>000143839</principalUnderwriterCrdNumber>
          <principalUnderwriterLei>N/A</principalUnderwriterLei>
          <principalUnderWriterStateCountry principalUnderWriterCountry="US" principalUnderWriterState="US-OH"/>
          <isPrincipalUnderwriterAffiliatedWithRegistrant>N</isPrincipalUnderwriterAffiliatedWithRegistrant>
        </principalUnderwriter>
      </principalUnderwriters>
      <isUnderwriterHiredOrTerminated>N</isUnderwriterHiredOrTerminated>
      <publicAccountants>
        <publicAccountant>
          <publicAccountantName>COHEN &amp; COMPANY, LTD.</publicAccountantName>
          <pcaobNumber>925</pcaobNumber>
          <publicAccountantLei>N/A</publicAccountantLei>
          <publicAccountantStateCountry publicAccountantState="US-OH" publicAccountantCountry="US"/>
        </publicAccountant>
      </publicAccountants>
      <isPublicAccountantChanged>N</isPublicAccountantChanged>
      <isMaterialWeakness>N</isMaterialWeakness>
      <isOpinionOffered>N</isOpinionOffered>
      <isMaterialChange>N</isMaterialChange>
      <isAccountingPrincipleChange>N</isAccountingPrincipleChange>
      <isPaymentErrorInNetAssetValue>N</isPaymentErrorInNetAssetValue>
      <isPaymentDividend>N</isPaymentDividend>
    </registrantInfo>
    <managementInvestmentQuestionSeriesInfo>
      <managementInvestmentQuestion>
        <mgmtInvFundName>WP Large Cap Income Plus Fund</mgmtInvFundName>
        <mgmtInvSeriesId>S000060197</mgmtInvSeriesId>
        <mgmtInvLei>549300B0M2VWQINLGU71</mgmtInvLei>
        <isFirstFilingByFund>N</isFirstFilingByFund>
        <numAuthorizedClass>3</numAuthorizedClass>
        <numAddedClass>0</numAddedClass>
        <numTerminatedClass>0</numTerminatedClass>
        <sharesOutstandings>
          <sharesOutstanding sharesOutstandingClassName="Institutional Class Shares" sharesOutstandingClassId="C000197011" sharesOutstandingTickerSymbol="WPLCX"/>
        </sharesOutstandings>
        <fundType>N/A</fundType>
        <isNonDiversifiedCompany>N</isNonDiversifiedCompany>
        <isForeignSubsidiary>N</isForeignSubsidiary>
        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
        <avgPortfolioSecuritiesValue>N/A</avgPortfolioSecuritiesValue>
        <netIncomeSecuritiesLending>N/A</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
        </relyOnRuleTypes>
        <isExpenseLimitationInPlace>Y</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>WINNING POINTS ADVISORS, LLC</investmentAdviserName>
            <investmentAdviserFileNo>801-78654</investmentAdviserFileNo>
            <investmentAdviserCrdNo>000118077</investmentAdviserCrdNo>
            <investmentAdviserLei>N/A</investmentAdviserLei>
            <investmentAdviserStateCountry investmentAdviserCountry="US" investmentAdviserState="US-FL"/>
            <isInvestmentAdviserHired>N</isInvestmentAdviserHired>
          </investmentAdviser>
        </investmentAdvisers>
        <transferAgents>
          <transferAgent>
            <transferAgentName>MUTUAL SHAREHOLDER SERVICES, LLC</transferAgentName>
            <transferAgentFileNo>084-05821</transferAgentFileNo>
            <transferAgentLei>549300TSNG2XMCUGTB05</transferAgentLei>
            <transferAgentStateCountry transferAgentCountry="US" transferAgentState="US-OH"/>
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            <isTransferAgentSubAgent>N</isTransferAgentSubAgent>
          </transferAgent>
        </transferAgents>
        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
        <pricingServices>
          <pricingService>
            <pricingServiceName>FIS MARKETMAP ANALYTIC PLATFORM</pricingServiceName>
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            <pricingServiceStateCountry pricingServiceCountry="US" pricingServiceState="US-NY"/>
            <isPricingServiceAffiliated>N</isPricingServiceAffiliated>
          </pricingService>
        </pricingServices>
        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
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            <custodianName>Fifth Third Bank, N.A.</custodianName>
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            <isSubCustodian>N</isSubCustodian>
            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        </custodians>
        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <shareholderServicingAgents>
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            <shareholderServiceAgentStateCountry shareholderServiceAgentCountry="US" shareholderServiceAgentState="US-OH"/>
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            <isShareholderServiceAgentSubshare>N</isShareholderServiceAgentSubshare>
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        </shareholderServicingAgents>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>PREMIER FUND SOLUTIONS, INC.</adminName>
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            <adminStateCountry adminState="US-CA" adminCountry="US"/>
            <isAdminAffiliated>Y</isAdminAffiliated>
            <isAdminSubAdmin>N</isAdminSubAdmin>
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        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
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          <broker>
            <brokerName>Interactive Brokers Corp.</brokerName>
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            <brokerStateCountry brokerState="US-CT" brokerCountry="US"/>
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        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>26073437.31</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
        <isSwingPricing>N</isSwingPricing>
      </managementInvestmentQuestion>
    </managementInvestmentQuestionSeriesInfo>
    <attachmentsTab>
      <isLegalProceedings>false</isLegalProceedings>
      <isProvisionFinancialSupport>false</isProvisionFinancialSupport>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
      <isChangeAccPrinciples>false</isChangeAccPrinciples>
      <isInfoRequiredEO>false</isInfoRequiredEO>
      <isOtherInfoRequired>false</isOtherInfoRequired>
    </attachmentsTab>
    <signature registrantSignedName="WP Trust" signature="James Craft" signedDate="2023-02-06" title="Treasurer"/>
  </formData>
</edgarSubmission>
