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Registration No. 033-96334
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Investment Company Act No. 811-09088
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REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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x
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Pre-Effective Amendment No. ___
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o
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Post-Effective Amendment No. 30
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x
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and/or
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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x
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Amendment No. 32
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x
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(Check Appropriate Box or Boxes)
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EMPIRIC FUNDS, INC.
(Exact Name of Registrant as Specified in Charter)
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c/o U.S. Bancorp Fund Services, LLC
P.O. Box 701
Milwaukee, Wisconsin 53201-0701
(Address of Principal Executive Offices)
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1-800-880-0324
(Registrant's Telephone Number, Including Area Code)
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Mark A. Coffelt
Empiric Advisors, Inc.
6300 Bridgepoint Parkway, Suite 105
Austin, Texas 78730
(Name and Address of Agent for Service)
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WITH A COPY TO:
DeeAnne Sjögren
Thompson Coburn LLP
One US Bank Plaza
St. Louis, MO 63101-1611
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S
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immediately upon filing pursuant to paragraph (b).
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o
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on (date) pursuant to paragraph (b).
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o
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60 days after filing pursuant to paragraph (a)(1).
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o
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on (date) pursuant to paragraph (a)(1).
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o
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75 days after filing pursuant to paragraph (a)(2).
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o
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on (date) pursuant to paragraph (a)(2) of Rule 485.
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[ ]
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this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
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/s/ Mark A. Coffelt
Mark A. Coffelt
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President, Treasurer and Director
(principal executive officer and
principal financial officer)
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January 15, 2013
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/s/ Edward K. Clark*
Edward K. Clark
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Director
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January 15, 2013
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/s/ John Henry McDonald*
John Henry McDonald
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Director
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January 15, 2013
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/s/ Janis Claflin*
Janis Claflin
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Director
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January 15, 2013
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*By: /s/ Mark A. Coffelt
Mark A. Coffelt, Attorney-In Fact pursuant to Power of Attorney
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Exhibit
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Exhibit No.
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Instance Document
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EX-101.INS
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Schema Document
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EX-101.SCH
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Calculation Linkbase Document
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EX-101.CAL
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Definition Linkbase Document
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EX-101.DEF
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Label Linkbase Document
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EX-101.LAB
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Presentation Linkbase Document
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EX-101.PRE
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Label | Element | Value | ||||||||
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
ProspectusDate | rr_ProspectusDate | Dec. 31, 2012 | ||||||||
Core Equity Fund (Prospectus Summary) | Core Equity Fund
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Core Equity Fund | ||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Core Equity Fund (the "Fund") seeks to achieve capital appreciation. | ||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund | ||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and in the section entitled "Distribution of Fund Shares" on page 21 of the Fund's prospectus and in the section entitled "Purchase and Redemption of Shares" on page 39 of the Fund's Statement of Additional Information. |
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Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | SHAREHOLDER FEES (fees paid directly from your investment) | ||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) | ||||||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover. | ||||||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 540% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 540.00% | ||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. | ||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | 50,000 | ||||||||
Expenses Restated to Reflect Current [Text] | rr_ExpensesRestatedToReflectCurrent | Restated to reflect projected expenses under a new administrative services arrangement effective February 1, 2013. | ||||||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example. | ||||||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The example below is intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund's operating expenses remain the same. |
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Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | You would pay the following expenses if you did not redeem your shares: | ||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | We will seek to achieve the Fund's objective by purchasing and holding primarily equity securities and derivatives of both foreign and domestic companies. We practice quantitative techniques in the selection of stocks using a computer screening process to assist us in finding investment opportunities. Qualitative factors are considered in investment selection, but their influence is usually minimal. We seek capital appreciation by investing in companies that we believe are undervalued, which could include small, medium or large capitalization companies, as well as derivatives relating to domestic and foreign corporations. Under normal circumstances, the Fund invests at least 80% of its net assets, including borrowings for investment purposes, in equity securities such as common stocks that we deem to be undervalued and which have characteristics we deem will likely cause those stocks to appreciate in the near future. Such characteristics include the sector or industry the company is in, certain ratios of the company such as return-on-equity or margins, the size of the company, past and future growth of the company, analysts' expectations, earnings surprises and other characteristics we deem may impact the appreciation of stocks. The Fund's policy of investing in equity securities may only be changed upon 60 days' prior notice to shareholders. The Advisor seeks to control risk by diversifying the Fund's assets among numerous sectors and asset classes. The Fund may engage in derivative transactions for any purpose consistent with its investment objective. A derivative is a security or instrument whose value is determined by reference to the value or the change in value of one or more securities, indices, or other financial instrument. For example, the Fund may use derivatives to hedge its exposure to volatility with respect to underlying portfolio securities or the equity markets generally. The Fund may actively trade equity index futures contracts and options on equities and equity index futures. These transactions are used to hedge against changes in interest rates, security prices, and other market developments or to earn additional income. These strategies have costs associated with them and losses will be incurred if the Advisor is incorrect in its expectations about the direction or extents of movement of markets or interest rates. In addition, hedging strategies negatively impact the Fund's portfolio by decreasing the Fund's upside performance potential. The Fund may make short sales as part of its overall portfolio management strategy or to offset a potential decline in the value of a security. A short sale involves the sale of a security that is borrowed from a broker or other institution. A gain, limited to the price at which the Fund sold the security short, or a loss, unlimited in size, will be recognized upon closing a short sale. Short sales expose the Fund to the risk that it will be required to acquire, convert or exchange securities to replace the borrowed securities at a time when the securities sold short have appreciated in value, thus resulting in a loss to the Fund. We consider the effects of higher turnover when evaluating short-term investments. We will invest the Fund primarily in equities listed on the major U.S. stock exchanges, including ADRs, or securities convertible into common stocks. Up to 33% of the Fund's investment portfolio may include companies traded on foreign exchanges. The Fund's investment strategy typically results in a portfolio turnover rate in excess of 100% on an annual basis. |
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Risk [Heading] | rr_RiskHeading | Principal Investment Risks | ||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | · General. Investors should carefully consider their risk tolerance before investing. As with all mutual fund investments, loss of money is a risk of investing. Please read the other risks detailed below that apply to investing in our Fund. · Market Risk. Market risk involves the possibility that the Fund's investments in equity securities will decline because of falls in the stock market, reducing the value of individual company's stocks regardless of the success or failure of an individual company's operations. · Equity Securities Risks. Common stocks and other equity securities generally increase or decrease in value based on the earnings of a company and on general industry and market conditions, which tend to have greater fluctuations in share price than a fund that invests a significant portion of its assets in fixed income securities. · Large Cap Company Risk. Larger, more established companies may be unable to attain the high growth rates of successful, smaller companies during periods of economic expansion. · Small and Medium Cap Company Risk. Securities of companies with small and medium market capitalizations are often more volatile and less liquid than investments in larger companies. Small and medium cap companies may face a greater risk of business failure, which could increase the volatility of the Fund's portfolio. · Foreign Securities Risk. Foreign securities can be more volatile than domestic (U.S.) securities. Securities markets of other countries are generally smaller than U.S. securities markets. Many foreign securities may also be less liquid than U.S. securities, which could affect the Fund's investments. · Derivatives Risk. The Fund may buy or sell a variety of "derivative" instruments (such as, options, futures or index-based instruments) in order to gain exposure to particular securities or markets, in connection with hedging transactions and to increase total return. The Fund's use of derivative instruments involves the risk that such instruments may not work as intended due to unanticipated developments in market conditions or other causes. · Short Sales Risk. The risk of loss if the value of a security sold short increases prior to the scheduled delivery date because the Fund must pay more for the security than it has received from the purchaser in the short sale. · Options Risk. There are risks that option writing strategies the Fund uses will not be successful due to market behavior or unexpected events. In buying call and put options, the Fund may forego its investment should the options fail to reach their strike prices before expiration. In selling call options, the Fund receives a premium, but may forego appreciation of the underlying security. In selling put options, the Fund receives a premium, but may have the underlying security put to the Fund, at a price greater than its then current market value. · Futures Contracts and Options on Futures Risks. Investments in futures contracts (or related options) involve substantial risks. The low margin or premiums normally required in trading index futures contracts may provide a large amount of leverage, and a relatively small change in the underlying index or price of the contract can produce a disproportionately larger profit or loss. Upon entering into a futures contract, the Fund must deposit initial margin in addition to segregating cash or liquid assets sufficient to meet its obligation to purchase or provide securities, or to pay the amount owed at the expiration of an index-based futures contract. Pursuant to the futures contract, the Fund agrees to receive from, or pay to the broker, an amount of cash equal to the daily fluctuation in value of the contract. Futures contracts have market risks, including the risk that the change in the value of the contract may not correlate with changes in the value of the underlying securities. Use of long futures contracts subjects the Fund to risk of loss up to the notional value of the futures contract. · Portfolio Turnover Risk. The Fund may make changes in its portfolio consistent with the Fund's policies when we believe doing so is in the best interest of the Fund. We anticipate Fund turnover to be considerably higher than that of comparable funds. High turnover may increase transaction costs, increase taxable gains and negatively affect performance. A high rate of portfolio turnover is 100% or more. We consider the effects of higher turnover when evaluating short-term investments. |
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Risk Lose Money [Text] | rr_RiskLoseMoney | As with all mutual fund investments, loss of money is a risk of investing. | ||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance | ||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The bar chart and table below illustrate the variability of the Fund's returns and the risks of investing. The bar chart shows how performance of the Fund's Class A shares (the Class with the longest period of annual returns) has varied from year to year and does not reflect the deduction of any applicable sales charges. If sales charges had been reflected, the returns for Class A shares would be less than those shown below. The performance of Class C shares will differ due to differences in expenses. The table compares the Fund's performance to that of a broad-based market index. The Fund's performance, before and after taxes, is not a prediction of future results. Updated performance is available on the Fund's website at www.empiricfunds.com and by calling 1-888-839-7424. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The bar chart and table below illustrate the variability of the Fund's returns and the risks of investing. | ||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 1-888-839-7424 | ||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.empiricfunds.com | ||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | The Fund's performance, before and after taxes, is not a prediction of future results. | ||||||||
Bar Chart [Heading] | rr_BarChartHeading | Calendar Year Total Returns Class A | ||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Year-to-Date as of September 30, 2012: 13.0% During the period of time shown in the bar chart, the Fund's best and worst quarters are shown below. Best Quarter: (second quarter, 2003) 35.41% Worst Quarter: (third quarter, 2011) -21.99% |
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Index No Deduction for Fees, Expenses, Taxes [Text] | rr_IndexNoDeductionForFeesExpensesTaxes | reflects no deduction for fees, expenses or taxes | ||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual Federal marginal income tax rates and do not reflect the impact of state and local taxes. | ||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. | ||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | After tax returns are shown only for the Fund's Class A shares and after-tax returns for Class C shares will vary. | ||||||||
Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | After-tax returns are calculated using the historical highest individual Federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. The Fund's performance presented in the table reflects the effects of the maximum applicable sales charge and the Fund's operating expenses. After tax returns are shown only for the Fund's Class A shares and after-tax returns for Class C shares will vary. |
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Caption | rr_AverageAnnualReturnCaption | Average Annual Total Returns (For the periods ended December 31, 2011) | ||||||||
Core Equity Fund (Prospectus Summary) | Core Equity Fund | S&P 500® Index
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
Label | rr_AverageAnnualReturnLabel | S&P 500® Index (reflects no deduction for fees, expenses or taxes) | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | 2.11% | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | (0.25%) | ||||||||
10 Years | rr_AverageAnnualReturnYear10 | 2.92% | ||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | 2.95% | ||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 07, 2005 | ||||||||
Core Equity Fund (Prospectus Summary) | Core Equity Fund | Class A
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | [1] | |||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Maximum Account Maintenance Fee | rr_MaximumAccountFee | none | [2] | |||||||
Management Fees | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (Rule 12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.85% | [3] | |||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.10% | ||||||||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.12%) | [4] | |||||||
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 1.98% | ||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-02-01 | ||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 764 | ||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,184 | ||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,629 | ||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,857 | ||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 764 | ||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 1,184 | ||||||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,629 | ||||||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,857 | ||||||||
Annual Return 2002 | rr_AnnualReturn2002 | (18.55%) | ||||||||
Annual Return 2003 | rr_AnnualReturn2003 | 72.20% | ||||||||
Annual Return 2004 | rr_AnnualReturn2004 | 17.63% | ||||||||
Annual Return 2005 | rr_AnnualReturn2005 | 12.20% | ||||||||
Annual Return 2006 | rr_AnnualReturn2006 | 11.03% | ||||||||
Annual Return 2007 | rr_AnnualReturn2007 | 15.04% | ||||||||
Annual Return 2008 | rr_AnnualReturn2008 | (35.13%) | ||||||||
Annual Return 2009 | rr_AnnualReturn2009 | 28.05% | ||||||||
Annual Return 2010 | rr_AnnualReturn2010 | (0.07%) | ||||||||
Annual Return 2011 | rr_AnnualReturn2011 | (9.88%) | ||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | Year-to-Date | ||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Sep. 30, 2012 | ||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 13.00% | ||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter: | ||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2003 | ||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 35.41% | ||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter: | ||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (21.99%) | ||||||||
Label | rr_AverageAnnualReturnLabel | Class A Return Before Taxes | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | (15.06%) | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | (4.10%) | ||||||||
10 Years | rr_AverageAnnualReturnYear10 | 5.24% | ||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | |||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 07, 2005 | ||||||||
Core Equity Fund (Prospectus Summary) | Core Equity Fund | Class A | After Taxes on Distributions
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
Label | rr_AverageAnnualReturnLabel | Class A Return After Taxes on Distributions | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | (15.06%) | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | (4.64%) | ||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.88% | ||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | |||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 07, 2005 | ||||||||
Core Equity Fund (Prospectus Summary) | Core Equity Fund | Class A | After Taxes on Distributions and Sales
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
Label | rr_AverageAnnualReturnLabel | Class A Return After Taxes on Distributions and on Sale of Fund Shares | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | (9.79%) | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | (3.26%) | ||||||||
10 Years | rr_AverageAnnualReturnYear10 | 4.70% | ||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | |||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 07, 2005 | ||||||||
Core Equity Fund (Prospectus Summary) | Core Equity Fund | Class C
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a % of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of the lesser of original purchase price or redemption proceeds, as applicable) | rr_MaximumDeferredSalesChargeOverOfferingPrice | 1.00% | ||||||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||||||
Maximum Account Maintenance Fee | rr_MaximumAccountFee | none | [2] | |||||||
Management Fees | rr_ManagementFeesOverAssets | 1.00% | ||||||||
Distribution (Rule 12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.85% | [3] | |||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.85% | ||||||||
Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.12%) | [4] | |||||||
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.73% | ||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-02-01 | ||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 378 | ||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 872 | ||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,493 | ||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 3,167 | ||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 276 | ||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 872 | ||||||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,493 | ||||||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 3,167 | ||||||||
Label | rr_AverageAnnualReturnLabel | Class C Return Before Taxes | ||||||||
1 Year | rr_AverageAnnualReturnYear01 | (11.45%) | ||||||||
5 Years | rr_AverageAnnualReturnYear05 | (3.68%) | ||||||||
10 Years | rr_AverageAnnualReturnYear10 | |||||||||
Since Inception | rr_AverageAnnualReturnSinceInception | (0.87%) | ||||||||
Inception Date | rr_AverageAnnualReturnInceptionDate | Oct. 07, 2005 | ||||||||
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