# EDGAR Filing Document

**Accession Number:** 0001040674
**File Stem:** 0000894189-26-007325
**Filing Date:** 2026-3
**Character Count:** 18421
**Document Hash:** c6268dc231c842429001cea21ea2a463
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-007325.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000894189-26-007325

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUTH SOCIAL FUNDS
- **CENTRAL INDEX KEY:** 0001040674

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** OH
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-08255
- **FILM NUMBER:** 26705778

**BUSINESS ADDRESS:**
- **STREET 1:** 8730 STONY POINT PARKWAY
- **STREET 2:** SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235
- **BUSINESS PHONE:** 8042677400

**MAIL ADDRESS:**
- **STREET 1:** 8730 STONY POINT PARKWAY
- **STREET 2:** SUITE 205
- **CITY:** RICHMOND
- **STATE:** VA
- **ZIP:** 23235

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUTH SOCIAL AMERICAN FIRST FUNDS
- **DATE OF NAME CHANGE:** 20250828

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TRUTH SOCIAL AMERICA FIRST FUNDS
- **DATE OF NAME CHANGE:** 20250828

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WORLD FUNDS INC /MD/
- **DATE OF NAME CHANGE:** 19970609

## Series and Classes Contracts Data

### Truth Social American Red State REITs ETF (Series ID: S000097147)

| Class ID   | Class Name                                | Ticker Symbol   |
|:---|:---|:---|
| C000266317 | Truth Social American Red State REITs ETF |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Truth Social American Red State REITs ETF** | **Truth Social American Red State REITs ETF** | **Truth Social American Red State REITs ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **REAL ESTATE INVESTMENT TRUSTS - 98.2%** | **Shares** | **Value**  |
| **Activities Related to Real Estate - 1.4%** | **Activities Related to Real Estate - 1.4%** | |
| Curbline Properties Corp. | 147 | $3412 |
| **Lessors of Real Estate - 79.4% <sup>(a)</sup>** | **Lessors of Real Estate - 79.4% <sup>(a)</sup>** |  |
| Agree Realty Corp. | 119 | 8572 |
| American Healthcare REIT, Inc. | 71 | 3341 |
| American Homes 4 Rent - Class A | 201 | 6452 |
| Camden Property Trust | 64 | 7045 |
| EastGroup Properties, Inc. | 27 | 4810 |
| Equity LifeStyle Properties, Inc. | 85 | 5152 |
| Essential Properties Realty Trust, Inc. | 236 | 7000 |
| Farmland Partners, Inc. | 378 | 3663 |
| FrontView REIT, Inc. | 137 | 2022 |
| Independence Realty Trust, Inc. | 401 | 7010 |
| InvenTrust Properties Corp. | 182 | 5134 |
| Kite Realty Group Trust | 464 | 11122 |
| Lamar Advertising Co. - Class A | 97 | 12278 |
| Mid-America Apartment Communities, Inc. | 75 | 10418 |
| National Health Investors, Inc. | 142 | 10845 |
| NETSTREIT Corp. | 738 | 13018 |
| NNN REIT, Inc. | 492 | 19498 |
| Realty Income Corp. | 295 | 16629 |
| Sila Realty Trust, Inc. | 336 | 7832 |
| STAG Industrial, Inc. | 201 | 7389 |
| UMH Properties, Inc. | 585 | 9307 |
| VICI Properties, Inc. | 708 | 19909 |
|  |  | 198446 |
| **Offices of Real Estate Agents and Brokers - 17.4%** | **Offices of Real Estate Agents and Brokers - 17.4%** |  |
| Broadstone Net Lease, Inc. | 1119 | 19437 |
| Four Corners Property Trust, Inc. | 659 | 15197 |
| Invitation Homes, Inc. | 322 | 8948 |
|  |  | 43582 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $246,726) | **TOTAL REAL ESTATE INVESTMENT TRUSTS** (Cost $246,726) | 245440 |
| **TOTAL INVESTMENTS - 98.2% (**Cost $246,726**)** | **TOTAL INVESTMENTS - 98.2% (**Cost $246,726**)** | 245440 |
| Money Market Deposit Account - 1.3% <sup>(b)</sup> | Money Market Deposit Account - 1.3% <sup>(b)</sup> | 3274 |
| Other Assets in Excess of Liabilities - 0.5% | Other Assets in Excess of Liabilities - 0.5% | 1102 |
| **TOTAL NET ASSETS - 100.0%** |  | $249816 |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

REIT - Real Estate Investment Trust<br>

(a) To the extent that the Fund invests more heavily in a particular industries or sectors of the economy, its performance will be especially sensitive to developments that significantly affect those industries or
 sectors.

(b) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and
 is subject to change daily. The rate as of December 31, 2025 was 2.56%.

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
Truth Social American Red State REITs ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts | $245440 | $– | $– | $245440 |
| Total Investments | $245440 | $– | $– | $245440 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Truth Social Funds

- **b. Investment Company Act file number:** 811-08255

- **c. CIK number of Registrant:** 0001040674

- **d. LEI of Registrant:** 254900QQM6CYJX8SES55

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 8730 Stony Point Parkway

  - **City:** Richmond

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23235

  - **Telephone number:** 804-267-7400

**Item A.2. Information about the Series.**

- **a. Name of Series:** Truth Social American Red State REITs ETF

- **b. EDGAR series identifier (if any):** S000097147

- **c. LEI of Series:** 2549000VXJIGC23ENN39

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2026-09-30

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $249820.38

**Total Liabilities:** $4.47

**Net Assets:** $249815.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000266317 |  |  | -0.07%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  |  |  |
| Month 2  |  |  |
| Month 3  | $0.00                    | $-1286.18                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                   | Title                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agree Realty Corp                      | Agree Realty Corp                      | CUSIP: 008492100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       119 | NS      | $8571.57      | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Sila Realty Trust Inc                  | Sila Realty Trust Inc                  | CUSIP: 146280508<br>LEI: 549300HXH142HWKKSW59 | Long             | EC               | CORP              | US        |       336 | NS      | $7832.16      | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co                   | Lamar Advertising Co                   | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |        97 | NS      | $12278.26     | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| NNN REIT Inc                           | NNN REIT Inc                           | CUSIP: 637417106<br>LEI: 5493008JKH5SOTI0JS97 | Long             | EC               | CORP              | US        |       492 | NS      | $19497.96     | 7.80%             |  |  |  | No            |                  1 | On Loan: No      |
| UMH Properties Inc                     | UMH Properties Inc                     | CUSIP: 903002103<br>LEI: 529900OM5K3PJ11F0Q09 | Long             | EC               | CORP              | US        |       585 | NS      | $9307.35      | 3.73%             |  |  |  | No            |                  1 | On Loan: No      |
| VICI Properties Inc                    | VICI Properties Inc                    | CUSIP: 925652109<br>LEI: 254900RKH6RY9KCJQH63 | Long             | EC               | CORP              | US        |       708 | NS      | $19908.96     | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Camden Property Trust                  | Camden Property Trust                  | CUSIP: 133131102<br>LEI: 5493002MYX22OHYJBD89 | Long             | EC               | CORP              | US        |        64 | NS      | $7045.12      | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| NETSTREIT Corp                         | NETSTREIT Corp                         | CUSIP: 64119V303<br>LEI: 254900CJL0EDMEQ25Q84 | Long             | EC               | CORP              | US        |       738 | NS      | $13018.32     | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp                     | Realty Income Corp                     | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |       295 | NS      | $16629.15     | 6.66%             |  |  |  | No            |                  1 | On Loan: No      |
| U.S. Bank Money Market Deposit Account | U.S. Bank Money Market Deposit Account | CUSIP: 8AMMF0A84<br>LEI: N/A                  | Long             | STIV             | RF                | US        |      3274 | NS      | $3274.13      | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| American Homes 4 Rent                  | American Homes 4 Rent                  | CUSIP: 02665T306<br>LEI: 549300ZJUO7A58PNUW40 | Long             | EC               | CORP              | US        |       201 | NS      | $6452.10      | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc               | EastGroup Properties Inc               | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |        27 | NS      | $4809.78      | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadstone Net Lease Inc               | Broadstone Net Lease Inc               | CUSIP: 11135E203<br>LEI: 549300U8D7PT70B49V21 | Long             | EC               | CORP              | US        |      1119 | NS      | $19437.03     | 7.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Farmland Partners Inc                  | Farmland Partners Inc                  | CUSIP: 31154R109<br>LEI: 549300LB188CHPZ4IL37 | Long             | EC               | CORP              | US        |       378 | NS      | $3662.82      | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Curbline Properties Corp               | Curbline Properties Corp               | CUSIP: 23128Q101<br>LEI: 529900PGR41LH0I81I15 | Long             | EC               | CORP              | US        |       147 | NS      | $3411.87      | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity LifeStyle Properties In         | Equity LifeStyle Properties Inc        | CUSIP: 29472R108<br>LEI: 529900PEQG66LENB6798 | Long             | EC               | CORP              | US        |        85 | NS      | $5151.85      | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Independence Realty Trust Inc          | Independence Realty Trust Inc          | CUSIP: 45378A106<br>LEI: 549300Z3L8NU44NQEB29 | Long             | EC               | CORP              | US        |       401 | NS      | $7009.48      | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Mid-America Apartment Communit         | Mid-America Apartment Communities Inc  | CUSIP: 59522J103<br>LEI: 549300FQZKFR5YNSHZ21 | Long             | EC               | CORP              | US        |        75 | NS      | $10418.25     | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| National Health Investors Inc          | National Health Investors Inc          | CUSIP: 63633D104<br>LEI: 549300ZPKZIG6DKDEC02 | Long             | EC               | CORP              | US        |       142 | NS      | $10844.54     | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| FrontView REIT Inc                     | FrontView REIT Inc                     | CUSIP: 35922N100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       137 | NS      | $2022.12      | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| American Healthcare REIT Inc           | American Healthcare REIT Inc           | CUSIP: 398182303<br>LEI: 2549004GGE2APGNT6O92 | Long             | EC               | CORP              | US        |        71 | NS      | $3341.26      | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Invitation Homes Inc                   | Invitation Homes Inc                   | CUSIP: 46187W107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       322 | NS      | $8948.38      | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kite Realty Group Trust                | Kite Realty Group Trust                | CUSIP: 49803T300<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       464 | NS      | $11122.08     | 4.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Properties Realty Tr         | Essential Properties Realty Trust Inc  | CUSIP: 29670E107<br>LEI: 2549009LXQLVYCGLZO50 | Long             | EC               | CORP              | US        |       236 | NS      | $6999.76      | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| InvenTrust Properties Corp             | InvenTrust Properties Corp             | CUSIP: 46124J201<br>LEI: 5493006BQYSOBYVUFA03 | Long             | EC               | CORP              | US        |       182 | NS      | $5134.22      | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust In         | Four Corners Property Trust Inc        | CUSIP: 35086T109<br>LEI: 549300SVTPZPBDVNER42 | Long             | EC               | CORP              | US        |       659 | NS      | $15196.54     | 6.08%             |  |  |  | No            |                  1 | On Loan: No      |
| STAG Industrial Inc                    | STAG Industrial Inc                    | CUSIP: 85254J102<br>LEI: 549300QWYX2W6FASVQ07 | Long             | EC               | CORP              | US        |       201 | NS      | $7388.76      | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-01

**Name of Applicant:** Truth Social Funds

**Signature:** /s/ Ann MacDonald

**Name of Signer:** Ann MacDonald

**Title:** Principal Financial Officer