0001162044-13-000345.txt : 20130326 0001162044-13-000345.hdr.sgml : 20130326 20130326154203 ACCESSION NUMBER: 0001162044-13-000345 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130326 DATE AS OF CHANGE: 20130326 EFFECTIVENESS DATE: 20130326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EPIPHANY FUNDS CENTRAL INDEX KEY: 0001377031 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-138045 FILM NUMBER: 13716753 BUSINESS ADDRESS: STREET 1: 106 DECKER COURT STREET 2: SUITE 226 CITY: IRVING STATE: TX ZIP: 75062 BUSINESS PHONE: 877-334-1283 MAIL ADDRESS: STREET 1: 106 DECKER COURT STREET 2: SUITE 226 CITY: IRVING STATE: TX ZIP: 75062 0001377031 S000015061 Epiphany FFV Fund C000041031 Epiphany FFV Fund Class N shares EPVNX C000051241 Epiphany FFV Fund Class A shares EPVAX C000051242 Epiphany FFV Fund Class C shares EPVCX 0001377031 S000027960 Epiphany FFV Strategic Income Fund C000084989 Epiphany FFV Strategic Income Fund Class A shares EPIAX C000084990 Epiphany FFV Strategic Income Fund Class C shares EPICX C000084992 Epiphany FFV Strategic Income Fund Class N shares EPINX 0001377031 S000027961 Dana Large Cap Core Fund C000084993 Dana Large Cap Core Fund Class A shares EPCAX C000084994 Dana Large Cap Core Fund Class C shares EPCCX C000084996 Dana Large Cap Core Fund Class N shares EPCNX 0001377031 S000036397 Epiphany FFV Latin America Fund C000111343 Epiphany FFV Latin America Fund Class A shares ELAAX C000111344 Epiphany FFV Latin America Fund Class C shares ELACX C000111345 Epiphany FFV Latin America Fund Class N shares ELANX 0001377031 S000039651 Epiphany FFV Global Ecologic Fund C000122813 Class A C000122814 Class C C000122815 Class N 497 1 xbrl497.htm XBRL Filing

Epiphany Funds

Epiphany FFV Fund

Epiphany FFV Strategic Income Fund

Epiphany FFV Latin America Fund

Epiphany FFV Global Ecologic Fund

Dana Large Cap Core Fund




Incorporated herein by reference is the definitive version of the prospectus for the Epiphany Funds filed pursuant to Rule 497 (c) under the Securities Act of 1933, as amended, on March 11, 2013 (SEC Accession No. 0001162044-13-000273).



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periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; its portfolio).&#160; 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.&#160; These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance.&#160; During the most recent fiscal year, the Fund portfolio turnover rate was 47%.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Fund seeks to achieve its objective by investing in the equity securities of companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC (the &quot;Adviser&quot;).&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social screening. The starting universe used to select equity securities is the largest 1000 stocks, based on market capitalization, listed on domestic U.S. securities markets.&#160; While the Fund selects stocks from the 1000 largest companies, the Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).&#160; The FFV Scorecard is then applied to the eligible securities.&#160; Application of the FFV Scorecard is based on information known about the company by the Adviser or gleaned from third parties that compile and publish such data.&#160; The screening criteria are reviewed from time to time by Trinity&#8217;s Advisory Board. 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The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity.&#160; Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security. Accordingly, the Fund may hold some securities that do not conform to the Adviser&#8217;s screening process.&#160; The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.&#160; Otherwise, the Fund intends to remain fully invested.&#160; In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (&quot;REITs&quot;), preferred stocks, shares of other investment companies and exchange traded funds (&quot;ETFs&quot;), including inverse ETFs, mainly as an alternative to holding cash prior to investment.&#160; The underlying securities of these other equities will not be subject to the FFV Scorecard.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs and other investment companies (&quot;Underlying Funds&quot;).&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p>&nbsp;</p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.</b>&#160; Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.&#160; Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.&#160; These risks are higher for small-cap companies.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b>&#160; The Adviser invests in equity securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Fund may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>Performance</b></p> <p>The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Fund by showing the performance of its Class A shares for each full calendar year since the Fund&#8217;s inception, and by showing how the Fund&#8217;s average annual returns compare over time with those of a broad measure of market performance.&#160; The Class A sales load and account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown.&#160; How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <p><b>Class A Shares<br></br> (as of December 31)</b></p> <p>During the period shown in the bar chart, the highest return for a quarter was 16.94% (quarter ended June 30, 2009) and the lowest return for a quarter was (16.20)% (quarter ended September 30, 2011).</p> <p><b>Average Annual Total Returns (for the period ended December 31, 2012)</b></p> <p>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.&#160; Actual after-tax returns depend on the investor's tax situation and may differ from those shown above.&#160; After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.&#160; After tax returns are only shown for Class A shares and after tax returns for Class C shares will vary.</p> .47 <font style="font-size:12.0pt; font-family:Times New Roman">You could lose money.&#160; </font> <p>How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <font style="font-size:12.0pt; font-family:Times New Roman">highest return for a quarter </font> 2009-06-30 <font style="font-size:12.0pt; font-family:Times New Roman">lowest return for a quarter </font> 2011-09-30 .1694 -.1620 <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns are calculated using the historical highest individual federal marginal income tax rates</font> <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.</font> <p><b>Investment Objective</b></p> <p>The Epiphany FFV Fund seeks long-term growth of capital.</p> <p><b>Fees and Expenses</b></p> <p>These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</p> <p><b>Shareholder fees (paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses deducted from Fund assets)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; its portfolio).&#160; 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.&#160; These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance.&#160; During the most recent fiscal year, the Fund portfolio turnover rate was 47%.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Fund seeks to achieve its objective by investing in the equity securities of companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC (the &quot;Adviser&quot;).&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social screening. The starting universe used to select equity securities is the largest 1000 stocks, based on market capitalization, listed on domestic U.S. securities markets. While the Fund selects stocks from the 1000 largest companies, the Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).&#160;&#160; The FFV Scorecard is then applied to the eligible securities.&#160; Application of the FFV Scorecard is based on information known about the company by the Adviser or gleaned from third parties that compile and publish such data.&#160; The screening criteria are reviewed from time to time by Trinity&#8217;s Advisory Board.&#160; The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church. &#160;</p> <p>&nbsp;</p> <p>According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:</p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Directly participate in abortion;</font></p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Manufacture contraceptives; </font></p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Engage in scientific research on human fetuses or embryos;</font></p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;</font></p> <p style="margin-left:1.0in; 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</font><font style="font-size:11.0pt">Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance both positive and negative, as part of the investment process.&#160; Generally, the FFV </font>Scorecard&#8482; is designed to measure a company&#8217;s impact on people, community, and the market.<font style="font-size:11.0pt"></font></p> <p style="margin-left:.75in"><font style="font-size:11.0pt">&nbsp;</font></p> <p>From these eligible securities, the portfolio managers apply economic criteria to select up to 100 equity securities for the Fund's portfolio.&#160; The portfolio holdings are rebalanced quarterly.&#160; The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the FFV Scorecard.&#160; The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity.&#160; Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.&#160; Accordingly, the Fund may hold securities that do not conform to the Adviser&#8217;s Screening process.&#160; The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.&#160; Otherwise, the Fund intends to remain fully invested.&#160; In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (&quot;REITs&quot;), preferred stocks, shares of other investment companies and exchange traded funds (&quot;ETFs&quot;), including inverse ETFs, mainly as an alternative to holding cash prior to investment.&#160; The underlying securities of these other equities will not be subject to the FFV Scorecard.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs, and other investment companies (&quot;Underlying Funds&quot;).&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p><b>&nbsp;</b></p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.</b>&#160; Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.&#160; Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.&#160; These risks are higher for small-cap companies.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b> The Adviser invests in equity securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Fund may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b> The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>Performance</b></p> <p>The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Fund by showing the performance of its Class N shares for each full calendar year since the Fund&#8217;s inception, and by showing how its average annual returns compare over time with those of a broad measure of market performance.&#160; The sales load and account fees are not reflected in the chart and that, if they were, returns would be less than those shown. How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <p><b>Class N Shares<br></br> (as of December 31)</b></p> <p>During the period shown in the bar chart, the highest return for a quarter was 11.75% (quarter ended March 31, 2012) and the lowest return for a quarter was (22.41)% (quarter ended December 31, 2008).</p> <p><b>Average Annual Total Returns (for the period ended December 31, 2012)</b></p> <p>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.&#160; Actual after-tax returns depend on the investor's tax situation and may differ from those shown above.&#160; After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. 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During the most recent fiscal year, the Fund portfolio turnover rate was 56%.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Strategic Income Fund seeks to achieve its investment objective through investment in any income-producing securities issued by companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC.&#160;&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social screening.&#160; Income-producing securities may include corporate bonds, preferred stocks, convertible stocks and investment companies (including open-end funds or exchange traded funds) that may invest in income-producing securities, or in the case of exchange traded funds, track a fixed income index.&#160; The Fund may also invest in inverse ETFs for hedging purposes.&#160; Inverse ETFs are designed to provide positive return from a decline in the ETF's underlying benchmark.&#160; These investments will be short term in nature.&#160; In the case of corporate bonds, preferred stocks and convertible stocks, the FFV Scorecard is then applied to the eligible securities.&#160; The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church. 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Accordingly the Fund may hold some securities that do not conform to the Adviser&#8217;s screening process.&#160; The portfolio managers may also sell a security when the portfolio managers determine that the creditworthiness is no longer consistent with the portfolio manager's risk tolerance or if other eligible securities offer a more attractive investment opportunity.&#160; The Fund may hold cash in addition to the income-producing securities, primarily as a means to pay redemption requests.&#160; Otherwise, the Fund intends to remain fully invested.</p> <p>&nbsp;</p> <p>The Fund&#8217;s Sub-Adviser employs a relative-value approach to identify securities in the marketplace with the following characteristics, although not all of the securities selected will have these attributes:</p> <p>&nbsp;</p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Discounted price to potential market value</font></p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Improving credit profiles yet unrecognized by the market</font></p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Yield advantage relative to its benchmark</font></p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:0in"><font style="font-size:11.0pt">&nbsp;</font></p> <p>The Sub-Adviser invests in securities that offer a positive yield advantage over the market and, in its view, have room to increase in price. 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The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.</p> <p><b>&nbsp;</b></p> <p><b>Emerging Markets Risk.</b>&#160; Countries with emerging markets may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.</p> <p><b>&nbsp;</b></p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs and other investment companies (&quot;Underlying Funds&quot;).&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p>&nbsp;</p> <p><b>Foreign Investing Risk.</b>&#160; Foreign investing involves risks not typically associated with U.S. investments.&#160; These risks include, among others, adverse fluctuations in foreign currency values as well as adverse political, social and economic developments affecting a foreign country. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws, and potential difficulties in enforcing contractual obligations.&#160;&#160;&#160; Owning foreign securities could cause the Fund&#8217;s performance to fluctuate more than if it held only U.S. securities.</p> <p>&nbsp;</p> <p><b>Government Risk.</b>&#160; The U.S. government&#8217;s guarantee of ultimate payment of principal and timely payment of interest on certain U. S. government securities owned by the Fund does not imply that the Fund&#8217;s shares are guaranteed or that the price of the Fund&#8217;s shares will not fluctuate.</p> <p><b>&nbsp;</b></p> <p><b>High Yield Securities Risk.</b>&#160; The Fund may invest in high yield securities, also known as &quot;junk bonds.&quot;&#160; High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.&#160; High yield securities are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal in accordance with the terms of the obligation.&#160; The market for high yield securities is generally less active than the market for higher quality securities.&#160; This may limit the ability of the Fund to sell high yield securities.</p> <p><b>&nbsp;</b></p> <p><b>Interest Rate Risk.</b>&#160; The Fund's share price and total return will vary in response to changes in interest rates.&#160; If rates increase, the value of the Fund's investments generally will decline, as will the value of your investment in the Fund.</p> <p><b>&nbsp;</b></p> <p><b>Inverse ETF Risk.</b>&#160; Inverse or &#8220;short&#8221; ETFs seek to deliver returns that are opposite of the return of a benchmark (e.g., if the benchmark goes up by 1%, the ETF will go down by 1%), typically using a combination of derivative strategies.&#160; Inverse ETFs contain all of the risks that regular ETFs present.&#160; Because inverse ETFs typically seek to obtain their objective on a daily basis, holding inverse ETFs for longer than a day may produce unexpected results particularly when the benchmark index experiences large ups and downs. Inverse ETFs may also be leveraged.&#160; Inverse ETFs contain all of the risks that regular ETFs present.</p> <p>&nbsp;</p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s or Sub-Adviser's judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s or Sub-Adviser's judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Liquidity Risk.</b>&#160; Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.&#160; Many high yield high risk fixed income securities may be illiquid at times.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b>&#160; The Adviser and Sub-Adviser invests in securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>Preferred Stocks Risk.</b>&#160; Dividends on preferred stocks are generally payable at the discretion of issuer&#8217;s board of directors and Fund shareholders may lose money if dividends are not paid. Preferred stock prices may fall if interest rates rise or the issuer&#8217;s creditworthiness becomes impaired.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Fund may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Sovereign Obligation Risk.</b>&#160; The Fund may invest in sovereign debt obligations.&#160; Investment in sovereign debt obligations involves special risks not present in corporate debt obligations.&#160; The issuer of the sovereign debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default.</p> <p><b>Performance</b></p> <p>The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Strategic Income Fund by showing the performance of its Class A shares for each full calendar year since the Fund&#8217;s inception, and by showing how the Fund&#8217;s average annual returns compare over time with those of a broad measure of market performance.&#160; The Class A sales load and account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown.&#160; How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <p><b>Class A Shares <br></br> (as of December 31)</b></p> <p>During the period shown in the bar chart, the highest return for a quarter was 2.38% (quarter ended March 31, 2012) and lowest return for a quarter was (1.79)% (quarter ended September 30, 2011).<font style="background:yellow"></font></p> <p><b>Average Annual Total Returns (for the period ended December 31, 2012)</b></p> <p>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.&#160; Actual after-tax returns depend on the investor's tax situation and may differ from those shown above.&#160; After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.&#160; After tax returns are only shown for Class A shares and after tax returns for Class C shares, which are not presented, will vary. Updated performance information is available by calling 1-800-320-2185.</p> .56 <font style="font-size:12.0pt; font-family:Times New Roman">You could lose money.&#160; </font> <p>How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <font style="font-size:12.0pt; font-family:Times New Roman">800-320-2185</font> <font style="font-size:12.0pt; font-family:Times New Roman">highest return for a quarter </font> 2012-03-31 .0238 <font style="font-size:12.0pt; font-family:Times New Roman">lowest return for a quarter </font> 2011-09-30 -.0179 <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns are calculated using the historical highest individual federal marginal income tax rates</font> <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.</font> <p><b>Investment Objective</b></p> <p>The Epiphany FFV Strategic Income Fund seeks income.</p> <p><b>Fees and Expenses</b></p> <p>These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</p> <p><b>Shareholder fees (paid directly from your investment)</b></p> <p><b><font style="font-size:11.0pt">Annual Fund operating expenses (expenses deducted from Fund assets)</font></b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; its portfolio).&#160; 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.&#160; These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance.&#160; During the most recent fiscal year, the Fund portfolio turnover rate was 56%.</p> <p><b>Investment Strategy</b></p> <p>The Epiphany FFV Strategic Income Fund seeks to achieve its investment objective through investment in any income-producing securities issued by companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC.&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social screening.&#160; Income-producing securities may include corporate bonds, preferred stocks, convertible stocks and investment companies (including open-end funds, or exchange traded funds) that may invest in income-producing securities, or in the case of exchange traded funds, track a fixed income index.&#160; The Fund may also invest in inverse ETFs for hedging purposes.&#160; Inverse ETFs are designed to provide positive return from a decline in the ETF's underlying benchmark.&#160; These investments will be short term in nature.&#160; In the case of corporate bonds, preferred stocks and convertible stocks, the FFV Scorecard is then applied to the eligible securities.&#160; The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.&#160; Application of the FFV Scorecard is based on information known about the company by the advisor or gleaned from third parties that compile and publish such data.&#160; The screening criteria are reviewed from time to time by Trinity&#8217;s Advisory Board.&#160; Then the Fund's sub-adviser, Dana Investment Advisors, Inc. (the &#8220;Sub-Adviser&#8221;), uses a disciplined, risk-controlled investment process to select the Fund's holdings.</p> <p>&nbsp;</p> <p>According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:</p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Directly participate in abortion;</font></p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Manufacture contraceptives;</font></p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Engage in scientific research on human fetuses or embryos;</font></p> <p style="margin-left:1.0in; 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font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Use company assets to advocate for or against any of the issues listed above.</font></p> <p style="margin-left:1.0in; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance both positive and negative, as part of the investment process.&#160; Generally, the FFV </font>Scorecard&#8482; is designed to measure a company&#8217;s impact on people, community, and the market.<font style="font-size:11.0pt"></font></p> <p style="text-align:justify"><font style="font-size:11.0pt">&nbsp;</font></p> <p>Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser and Sub-Adviser who may opt to hold the security based on the security's anticipated level of income or as a means to defer or eliminate costs associated with the sale of the security.&#160; Accordingly, the Fund may hold some securities that do not conform to the Adviser&#8217;s screening process.&#160; The portfolio managers may also sell a security when the portfolio managers determine that the creditworthiness is no longer consistent with the portfolio manager's risk tolerance or if other eligible securities offer a more attractive investment opportunity.&#160; The Fund may hold cash in addition to the income-producing securities, primarily as a means to pay redemption requests.&#160; Otherwise, the Fund intends to remain fully invested.</p> <p>&nbsp;</p> <p>The Fund&#8217;s Sub-Adviser employs a relative-value approach to identify securities in the marketplace with the following characteristics, although not all of the securities selected will have these attributes:</p> <p>&nbsp;</p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Discounted price to potential market value</font></p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Improving credit profiles yet unrecognized by the market</font></p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:-.25in; tab-stops:1.0in"><font style="font-size:11.0pt; font-family:Symbol; color:#1D2F8B">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Yield advantage relative to its benchmark</font></p> <p style="margin-top:0in; margin-right:0in; margin-bottom:0in; margin-left:1.0in; margin-bottom:.0001pt; text-indent:0in"><font style="font-size:11.0pt">&nbsp;</font></p> <p>The Sub-Adviser invests in securities that offer a positive yield advantage over the market and, in its view, have room to increase in price. The Sub-Adviser may also invest to take advantage of what it believes are temporary disparities in the yield of different segments of the market for securities.</p> <p>&nbsp;</p> <p>Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including high-yield high risk or junk bonds) with a focus on U.S. corporate bonds, government bonds, agency bonds, adjustable and fixed rate mortgage bonds, municipal bonds, convertible securities, and debt instruments issued by foreign governments, including those in emerging markets.&#160; The Fund may invest up to 35% of its assets in preferred stocks and dividend-paying common stocks.&#160; The fixed income investments may be of any maturity or credit quality.&#160; In addition to income-producing securities, from time to time the Fund may purchase other securities such as real estate investment trusts (&quot;REITs&quot;), publicly traded partnerships, mainly as an alternative to holding cash prior to investment.&#160; These other equity securities will not be subject to the FFV Scorecard.&#160; The Sub-Adviser may shift the Fund&#8217;s assets among various types of income-producing securities based upon changing market conditions.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds fluctuate in price, the value of your investment in the Funds will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>Convertible Security Risk.</b>&#160; The market value of convertible securities and other debt securities tends to fall when prevailing interest rates rise.&#160; The value of convertible securities also tends to change whenever the market value of the underlying common or preferred stock fluctuates.</p> <p><b>&nbsp;</b></p> <p><b>Credit Risk.</b> The issuer of a fixed income security may not be able to make interest and principal payments when due.&#160; Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation, which could result in a loss to the Fund.</p> <p><b>&nbsp;</b></p> <p><b>Derivatives Risk.</b>&#160; The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.</p> <p><b>&nbsp;</b></p> <p><b>Emerging Markets Risk.</b>&nbsp;Countries with emerging markets may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.</p> <p>&nbsp;</p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs, and other investment companies (&quot;Underlying Funds&quot;).&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p>&nbsp;</p> <p><b>Foreign Investing Risk.</b>&#160; Foreign investing involves risks not typically associated with U.S. investments.&#160; These risks include, among others, adverse fluctuations in foreign currency values as well as adverse political, social and economic developments affecting a foreign country. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws, and potential difficulties in enforcing contractual obligations.&#160;&#160;&#160; Owning foreign securities could cause the Fund&#8217;s performance to fluctuate more than if it held only U.S. securities.</p> <p>&nbsp;</p> <p><b>Government Risk.</b> The U.S. government&#8217;s guarantee of ultimate payment of principal and timely payment of interest on certain U. S. government securities owned by the Fund does not imply that the Fund&#8217;s shares are guaranteed or that the price of the Fund&#8217;s shares will not fluctuate.</p> <p><b>&nbsp;</b></p> <p><b>High Yield Securities Risk.</b>&#160; The Fund may invest in high yield securities, also known as &quot;junk bonds.&quot;&#160; High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.&#160; High yield securities are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal in accordance with the terms of the obligation.&#160; The market for high yield securities is generally less active than the market for higher quality securities.&#160; This may limit the ability of the Fund to sell high yield securities.</p> <p><b>&nbsp;</b></p> <p><b>Interest Rate Risk.</b> The Fund's share price and total return will vary in response to changes in interest rates.&#160; If rates increase, the value of the Fund's investments generally will decline, as will the value of your investment in the Fund.</p> <p><b>&nbsp;</b></p> <p><b>Inverse ETF Risk.</b>&#160; Inverse or &#8220;short&#8221; ETFs seek to deliver returns that are opposite of the return of a benchmark (e.g., if the benchmark goes up by 1%, the ETF will go down by 1%), typically using a combination of derivative strategies.&#160; Inverse ETFs contain all of the risks that regular ETFs present.&#160; Because inverse ETFs typically seek to obtain their objective on a daily basis, holding inverse ETFs for longer than a day may produce unexpected results particularly when the benchmark index experiences large ups and downs. Inverse ETFs may also be leveraged.&#160; Inverse ETFs contain all of the risks that regular ETFs present.</p> <p><b>&nbsp;</b></p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s or Sub-Adviser's judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s or Sub-Adviser's judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Liquidity Risk.</b> Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.&#160; Many high yield, high risk fixed income securities may be illiquid at times. </p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b> The Adviser and Sub-Adviser invests in securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>Preferred Stocks Risk.</b>&#160; Dividends on preferred stocks are generally payable at the discretion of issuer&#8217;s board of directors and Fund shareholders may lose money if dividends are not paid. Preferred stock prices may fall if interest rates rise or the issuer&#8217;s creditworthiness becomes impaired.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.&#160; </b>The Fund may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b> The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Sovereign Obligation Risk.</b>&#160; The Fund may invest in sovereign debt obligations.&#160; Investment in sovereign debt obligations involves special risks not present in corporate debt obligations.&#160; The issuer of the sovereign debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default.</p> <p><b>Performance</b></p> <p>The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Strategic Income Fund by showing the performance of its Class N shares for each full calendar year since the Fund&#8217;s inception, and by showing how the Fund&#8217;s average annual returns compare over time with those of a broad measure of market performance.&#160; Account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown. How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <p><b>Class N Shares</b></p> <p><b>(as of December 31)</b></p> <p>During the period shown in the bar chart, the highest return for a quarter was 2.42% (quarter ended March 31, 2012) and lowest return for a quarter was (1.86)% (quarter ended September 30, 2011).</p> <p><b>Average Annual Total Returns (for the period ended December 31, 2012)</b></p> <p>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.&#160; Actual after-tax returns depend on the investor's tax situation and may differ from those shown above.&#160; After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.</p> .56 <font style="font-size:12.0pt; font-family:Times New Roman">You could lose money.&#160; </font> <p>How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <font style="font-size:12.0pt; font-family:Times New Roman">800-320-2185</font> <font style="font-size:12.0pt; font-family:Times New Roman">highest return for a quarter </font> 2012-03-31 .0242 <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns are calculated using the historical highest individual federal marginal income tax rates</font> <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.</font> <p><b>Investment Objective</b></p> <p>The Epiphany FFV Latin America Fund seeks long term growth of capital.</p> <p><b>Fees and Expenses</b></p> <p>The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.&#160; 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 Epiphany Funds. &nbsp;More information about these and other discounts is available from your financial professional and in the &quot;Investing with Epiphany&quot; section on page 39 of the Fund's prospectus and in the &quot;Sales Charges&quot; section of the Fund's Statement of Additional Information.</p> <p><b>Shareholder fees (paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses deducted from Fund assets)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; 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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the period from commencement of operations through October 31, 2012, the Fund portfolio turnover rate was 3%.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Latin America Fund invests, under normal circumstances, at least 80% of its assets, in equity securities of Latin American companies that pass the Socially Responsible Investment Screens, an exclusionary screening practice used by Trinity Fiduciary Partners, LLC (the &quot;Adviser&quot;).&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social screening.&#160; Trinity Fiduciary Partners, LLC (the &#8220;Adviser&#8221;) defines a Latin American company as one that derives 50% of its income, profits or assets in Latin America, including Mexico, Central and South America.</p> <p>&nbsp;</p> <p>The Socially Responsible Investment Screens are applied to countries and potential securities before any investment is initiated. Application of the exclusionary screening is based on information known about the company by the Adviser or gleaned by third parties that compile and publish such data. The screening is consistent with the USCCB (U.S. Conference of Catholic Bishops) Socially Responsible Investment Guidelines.</p> <p>&nbsp;</p> <p>A country will generally be excluded from the Fund if it falls under the following categories:</p> <p>&nbsp;</p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Government is not a Democracy;</font><font style="font-size:11.0pt; font-family:Lucida Grande"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Lacks economic freedom, i.e. not a free market economy;</font><font style="font-size:11.0pt; font-family:Lucida Grande"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Lacks consistent foreign investment rules;</font><font style="font-size:11.0pt; font-family:Lucida Grande"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Has not adopted or does not enforce customary labor laws and/or appropriate labor policies.</font><i><font style="font-size:11.0pt; font-family:Lucida Grande"></font></i></p> <p style="margin-bottom:6.0pt; text-align:justify"><font style="font-size:11.0pt">&nbsp;</font></p> <p>According to Socially Responsible Investment Screens, a company will generally be excluded from the Fund that is known to:</p> <p>&nbsp;</p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Directly participate in abortion;</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Manufacture contraceptives;</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Engage in scientific research on human fetuses or embryos;</font><i><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></i></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Produce pornographic media content, or contributes to sexually explicit internet operations or retail sales; or</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines.</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p><font style="font-size:11.0pt; color:black">&nbsp;</font></p> <p>From these eligible securities, the portfolio managers apply economic and investment criteria to select up to 70 equity securities for the Fund's portfolio that are consistent with the Fund&#8217;s investment objective and its 80% investment policy. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by Socially Responsible Investment Screens. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the exclusionary screening is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company, or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests. Otherwise, the Fund intends to remain fully invested. In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (&quot;REITs&quot;), preferred stocks, shares of other investment companies and exchange traded funds (&quot;ETFs&quot;), including inverse ETFs, mainly as an alternative to holding cash prior to investment or to create desired country exposures.&#160; The Fund may also invest a percentage of its assets in derivatives, such as future and options contracts. The underlying securities of these other equities will not be subject to the Socially Responsible Screen.</p> <p>&nbsp;</p> <p>Eligible securities include shares listed on the major U.S. exchanges as well as American Depository Receipts (ADRs). When a U.S.-listed security or ADR is not available for a company, the Fund may purchase ordinary shares through the company&#8217;s domestic exchange. The Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).</p> <p>&nbsp;</p> <p>Portfolio construction for the Fund is designed to minimize risk and produce an extensively diversified portfolio. In order to accomplish Latin American diversification, assets will be selected in conjunction to their respective countries of domicile.&#160; The Fund will only invest in countries that first pass the exclusion screening.&#160; The Fund will generally not invest in a company whose corporate headquarters is located in any country that is not a democracy.&#160; Socially responsible countries will then be weighted based on extensive research on numerous political and economic factors.</p> <p>&nbsp;</p> <p>Individual securities will be selected based on a bottom-up process to correlate with the respective weights given to the chosen countries of domicile. Factors including valuation, financial ratios, historical and forecasted growth, liquidity, capital structure and balance sheet strength, corporate governance, earnings estimates and analysts&#8217; recommendations, among others will be evaluated.</p> <p>&nbsp;</p> <p>Analysis will be performed using both internal and external research, supplemented with information gathered through the relationships built by one of the portfolio managers in his 35 years of Latin American business and investing experience.&#160; The Fund will seek out the most attractive investment opportunities within each country while taking into consideration sector allocations that best represent the region.&#160; The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the Socially Responsible Investment Screens. &nbsp;The Fund may also sell a security when the portfolio manager determines that other eligible securities offer a more attractive investment opportunity. &nbsp;Whether to hold or sell a security in the Fund that no longer passes the Socially Responsible Investment Screens is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds will fluctuate in price, the value of your investment in the Fund will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>Currency Risk. </b>&#160;Because the Fund&#8217;s NAV is determined in U.S. dollars, the Fund&#8217;s NAV could decline if the currency of the Non-U.S. market in which the Fund invests depreciates against the U.S. dollar.</p> <p><b>&nbsp;</b></p> <p><b>Derivatives Risk.</b> The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.</p> <p><b>&nbsp;</b></p> <p><b>Emerging Markets Risk.</b> &#160;The risks of foreign investing are heightened for securities of companies in emerging market countries. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to all of the risks of investing in foreign developed markets, emerging market securities are susceptible to illiquid trading markets, governmental interference, and restrictions on gaining access to sales proceeds.</p> <p>&nbsp;</p> <p><b>Equity Securities Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs, and other investment companies (&quot;Underlying Funds&quot;), as an alternative to holding cash before investment or as a way to hedge risk.&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p><b>&nbsp;</b></p> <p><b>Foreign Exposure Risk.</b> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.</p> <p><b>&nbsp;</b></p> <p><b>Issuer Risk.</b> The performance of the Fund depends on the performance of individual companies in which the Fund invests. Any issuer may perform poorly, causing the value of its securities to decline. Poor performance may be caused by poor management decisions, competitive pressures, disruptions in supply, labor problems or shortages, corporate restructurings, fraudulent disclosures or other factors. Issuers may, at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline.</p> <p><b>&nbsp;</b></p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Latin America Geographic Risk.</b> Because the Fund concentrates the investments in Latin American companies, the Fund's performance is expected to be closely tied to social, political, and economic conditions within Latin America and to be more volatile than the performance of more geographically diversified funds.&#160; These specific risks include domestic instability, lack of sufficient infrastructure and internal political disputes resulting in inefficient government.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.&#160; </b>Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.&#160; Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.&#160; These risks are higher for small-cap companies.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b>&#160; The Adviser invests in equity securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Funds may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>&nbsp;</b></p> <p><b>Valuation Risk.</b> Because non-US exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund&#8217;s portfolio may change on days when shareholders will not be able to purchase or sell the Fund&#8217;s shares.</p> <p><b>Performance</b></p> <p>Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.&#160; In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.</p> .03 <font style="font-size:12.0pt; font-family:Times New Roman">You could lose money.&#160; </font> <p><b>Investment Objective</b></p> <p>The Epiphany FFV Latin America Fund seeks long term growth of capital.</p> <p><b>Fees and Expenses</b></p> <p>The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</p> <p><b>Shareholder fees (paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses deducted from Fund assets)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; 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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the period from commencement of operations through October 31, 2012, the Fund portfolio turnover rate was 3%.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Latin America Fund invests, under normal circumstances, at least 80% of its assets, in equity securities of Latin American companies that pass the Socially Responsible Investment Screens, an exclusionary screening practice used by Trinity Fiduciary Partners, LLC (the &quot;Adviser&quot;). FFV refers to Faith and Family Values and represents the underlying theme of the social screening.&#160; Trinity Fiduciary Partners, LLC (the &#8220;Adviser&#8221;) defines a Latin American company as one that derives 50% of its income, profits or assets in Latin America, including Mexico, Central and South America.</p> <p>&nbsp;</p> <p>The Socially Responsible Investment Screens are applied to countries and potential securities before any investment is initiated. Application of the exclusionary screening is based on information known about the company by the Adviser or gleaned by third parties that compile and publish such data. The screening is consistent with the USCCB (U.S. Conference of Catholic Bishops) Socially Responsible Investment Guidelines.</p> <p>&nbsp;</p> <p>A country will generally be excluded from the Fund if it falls under the following categories:</p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Government is not a Democracy;</font><font style="font-size:11.0pt; font-family:Lucida Grande"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Lacks economic freedom, i.e. not a free market economy;</font><font style="font-size:11.0pt; font-family:Lucida Grande"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Lacks consistent foreign investment rules;</font><font style="font-size:11.0pt; font-family:Lucida Grande"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt">Has not adopted or does not enforce customary labor laws and/or appropriate labor policies.</font><i><font style="font-size:11.0pt; font-family:Lucida Grande"></font></i></p> <p style="margin-bottom:6.0pt; text-align:justify"><font style="font-size:11.0pt">&nbsp;</font></p> <p>According to Socially Responsible Investment Screens, a company will generally be excluded from the Fund that is known to:</p> <p>&nbsp;</p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Directly participate in abortion;</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Manufacture contraceptives;</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Engage in scientific research on human fetuses or embryos;</font><i><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></i></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Produce pornographic media content, or contributes to sexually explicit internet operations or retail sales ;</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p style="margin-left:1.0in; text-indent:-.25in"><font style="font-size:11.0pt; font-family:Symbol; color:black">&#183;&#160;&#160;&#160;&#160; </font><font style="font-size:11.0pt; color:black">Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;</font><font style="font-size:11.0pt; font-family:Lucida Grande; color:black"></font></p> <p><font style="font-size:11.0pt; color:black">&nbsp;</font></p> <p>From these eligible securities, the portfolio managers apply economic and investment criteria to select up to 70 equity securities for the Fund's portfolio that are consistent with the Fund&#8217;s investment objective and its 80% investment policy. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by Socially Responsible Investment Screens. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the exclusionary screening is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company, or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests. Otherwise, the Fund intends to remain fully invested. In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (&quot;REITs&quot;), preferred stocks, shares of other investment companies and exchange traded funds (&quot;ETFs&quot;), including inverse ETFs, mainly as an alternative to holding cash prior to investment or to create desired country exposures.&#160; The Fund may also invest a percentage of its assets in derivatives, such as future and options contracts. The underlying securities of these other equities will not be subject to the Socially Responsible Screen.</p> <p>&nbsp;</p> <p>Eligible securities include shares listed on the major U.S. exchanges as well as American Depository Receipts (ADRs). When a U.S.-listed security or ADR is not available for a company, the Fund may purchase ordinary shares through the company&#8217;s domestic exchange. The Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).</p> <p>&nbsp;</p> <p>Portfolio construction for the Fund is designed to minimize risk and produce an extensively diversified portfolio. In order to accomplish Latin American diversification, assets will be selected in conjunction to their respective countries of domicile.&#160; The Fund will only invest in countries that first pass the exclusion screening.&#160; The Fund will generally not invest in a company whose corporate headquarters is located in any country that is not a democracy.&#160; Socially responsible countries will then be weighted based on extensive research on numerous political and economic factors.</p> <p>&nbsp;</p> <p>Individual securities will be selected based on a bottom-up process to correlate with the respective weights given to the chosen countries of domicile. Factors including valuation, financial ratios, historical and forecasted growth, liquidity, capital structure and balance sheet strength, corporate governance, earnings estimates and analysts&#8217; recommendations, among others will be evaluated.</p> <p>&nbsp;</p> <p>Analysis will be performed using both internal and external research, supplemented with information gathered through the relationships built by one of the portfolio managers in his 35 years of Latin American business and investing experience.&#160; The Fund will seek out the most attractive investment opportunities within each country while taking into consideration sector allocations that best represent the region. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the Socially Responsible Investment Screens. &nbsp;The Fund may also sell a security when the portfolio manager determines that other eligible securities offer a more attractive investment opportunity. &nbsp;Whether to hold or sell a security in the Fund that no longer passes the Socially Responsible Investment Screens is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds will fluctuate in price, the value of your investment in the Fund will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>Currency Risk. </b>Because the Fund&#8217;s NAV is determined in U.S. dollars, the Fund&#8217;s NAV could decline if the currency of the Non-U.S. market in which the Fund invests depreciates against the U.S. dollar.</p> <p><b>&nbsp;</b></p> <p><b>Derivatives Risk.</b> The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.</p> <p><b>&nbsp;</b></p> <p><b>Emerging Markets Risk.</b> &#160;The risks of foreign investing are heightened for securities of companies in emerging market countries. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to all of the risks of investing in foreign developed markets, emerging market securities are susceptible to illiquid trading markets, governmental interference, and restrictions on gaining access to sales proceeds.</p> <p>&nbsp;</p> <p><b>Equity Securities Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs, and other investment companies (&quot;Underlying Funds&quot;), as an alternative to holding cash before investment or as a way to hedge risk.&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p><b>&nbsp;</b></p> <p><b>Foreign Exposure Risk.</b> Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market. </p> <p><b>&nbsp;</b></p> <p><b>Issuer Risk.</b> The performance of the Fund depends on the performance of individual companies in which the Fund invests. Any issuer may perform poorly, causing the value of its securities to decline. Poor performance may be caused by poor management decisions, competitive pressures, disruptions in supply, labor problems or shortages, corporate restructurings, fraudulent disclosures or other factors. Issuers may, at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline.</p> <p><b>&nbsp;</b></p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Latin America Geographic Risk.</b> Because the Fund concentrates the investments in Latin American companies, the Fund's performance is expected to be closely tied to social, political, and economic conditions within Latin America and to be more volatile than the performance of more geographically diversified funds.&#160; These specific risks include domestic instability, lack of sufficient infrastructure and internal political disputes resulting in inefficient government.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.</b>&#160; Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.&#160; Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.&#160; These risks are higher for small-cap companies.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b> The Adviser invests in equity securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Funds may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b> The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>&nbsp;</b></p> <p><b>Valuation Risk.</b> Because non-US exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund&#8217;s portfolio may change on days when shareholders will not be able to purchase or sell the Fund&#8217;s shares.</p> <p><b>Performance</b></p> <p>Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.&#160; In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.</p> .03 <font style="font-size:12.0pt; font-family:Times New Roman">You could lose money.&#160; </font> <p><b>Investment Objective</b></p> <p>The Epiphany FFV Global Ecologic Fund (the &#8220;Fund&#8221;) seeks long term growth of capital.</p> <p><b>Fees and Expenses</b></p> <p>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.&#160; 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 Epiphany family of funds. &nbsp;More information about these and other discounts is available from your financial professional and in the &#8220;Investing with Epiphany&#8221; section on page 39 of the Fund&#8217;s prospectus and in the &#8220;Sales Charges&#8221; section of the Fund&#8217;s Statement of Additional Information.</p> <p><b>Shareholder fees (fees paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund at the maximum sales charge, if any, for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same as described in the Fees and Expenses table.&#160; Although actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p>The Example does not reflect any sales charges on reinvested dividends and distributions. If any sales charges were included, your costs would be higher.</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; 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 the Annual Fund Operating Expenses or in the Example, affect the Fund's performance.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Global Ecologic Fund seeks to achieve its investment objective by investing in equity securities of companies located anywhere in the world, including common stocks and dividend-paying preferred stocks.&#160; The Fund invests in established U.S. and multinational companies, including American Depository Receipts (&#8220;ADRs&#8221;).&#160; The Fund will invest, under normal market conditions, in at least three different countries, and invest at least 40% of the Fund&#8217;s assets in securities of companies domiciled outside of the U.S.</p> <p>&nbsp;</p> <p>Under normal circumstances, the Fund seeks to encourage environmentally responsible business practices and a cleaner environment by investing substantially all, and in any case, no less than 80%, of its assets in environmentally responsible and sustainable companies.&#160; These are defined as companies that provide goods or services that the Sub-Adviser has determined maintain the ecologic health and viability of the Earth and its human inhabitants or remediate negative ecologic impacts.&#160; Such companies include those providing for the production and distribution of organic food and products, low carbon transportation (rail/bicycles), metals recycling, demand side energy efficiency, smart grid, renewable energy, pollution control, bioremediation, water efficiency, provision, remediation and energy storage.&#160; The Fund invests in approximately 50 equity securities.&#160; The Fund does not invest more than 5% of the total value of the Fund in pure play renewable energy.&#160; The Fund may invest in companies of all sizes, and, under normal circumstances, at least 80% of the Fund&#8217;s assets will be in companies with at least $250 million market capitalization.&#160; The companies also must pass the FFV Scorecard, an exclusionary screening tool used by Trinity Fiduciary Partners, LLC (the &#8220;Adviser&#8221;).&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social and moral screening.</p> <p><b>Principal Investment Risks</b></p> <p>As with any investment in a mutual fund, investing in the Fund involves risk.&#160; Therefore, it is possible to lose all or a portion of your investment in the Fund.&#160; The following principal risks can affect the value of your investment:</p> <p>&nbsp;</p> <p><b>Stock Market Risk.</b>&#160; The value of the Fund&#8217;s investments will fluctuate as markets fluctuate and could decline over short or long-term periods.&#160; These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b>&#160; The Adviser invests in equity securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>Foreign Company and Emerging Markets Risk.</b>&#160; Investing in foreign securities (including depositary receipts traded on U.S. exchanges but representing shares of foreign companies) involves more risks than investing in U.S. securities.&#160; Risks include currency exchange rates between foreign currencies and the U.S. dollar.&#160; The political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.&#160; Lack of transparency or inadequate regulatory and accounting standards, inadequate exchange control regulations, foreign taxes, higher transaction and other costs and delays in settlement also increase risk.&#160; Brokerage commissions and other fees may be higher for foreign securities.&#160; Foreign companies may not be subject to the same disclosure, accounting, auditing and financial reporting standards as U.S. companies.&#160; These risks can increase the potential for losses in the Fund and affect its share price.</p> <p><b>&nbsp;</b></p> <p><b>Concentration Risk.</b>&#160; Under normal market conditions, at least 80% of the Fund&#8217;s total assets will be invested in companies it believes promote environmental responsibility and sustainability.&#160; While the such companies may exist across several different industries or sectors, to the extent these environmentally responsible or sustainable companies are viewed unfavorably by the market, or if industries where there exist environmentally responsible or sustainable companies, suffer a downturn, it may have a larger impact on the Fund than on a fund that does not concentrate its investments in these types of companies.</p> <p><b>&nbsp;</b></p> <p><b>Environmentally and Socially Responsible Investing Risk.</b>&#160; The Fund&#8217;s environmental, social, moral and governance criteria limit the available investments compared to funds with no such criteria.&#160; Under certain economic conditions, this could cause the Fund&#8217;s investment performance to be worse or better than similar funds with no such criteria.</p> <p><b>&nbsp;</b></p> <p><b>Preferred Security Risk.</b>&#160; Preferred securities rank lower than bonds and other debt instruments in a company&#8217;s capital structure and therefore will be subject to greater credit risk than those debt instruments.&nbsp;&nbsp;&nbsp;Distributions on some types of these securities may also be skipped or deferred by issuers without causing a default.&nbsp;&nbsp;Finally, some of these securities typically have special redemption rights that allow the issuer to redeem the security at par earlier than scheduled.</p> <p><b>&nbsp;</b></p> <p><b>Portfolio Selection Risk.</b>&#160; Securities selected by the portfolio managers may not perform to expectations or may decline in value or not increase in value when the stock market in general is rising.&#160; This could result in the Fund&#8217;s underperformance compared to other funds.</p> <p><b>&nbsp;</b></p> <p><b>New Technology Risk.</b>&#160; The Fund may consider investments in new technologies intended to produce a clean and sustainable environment.&#160; New technologies may not be cost effective, and the portfolio managers may select a new technology that is not successful.&#160; It is also possible that interest in achieving a clean and sustainable environment may diminish.&#160; The potential advantages of new technologies may be slow in both development and recognition.</p> <p><b>&nbsp;</b></p> <p><b>Political Risk.</b>&#160; Investments in companies with ecological and environmental products are subject to political priorities and changing government regulations and subsidies that may impact the value of their securities.&#160; There are also risks associated with a failure to enforce environmental law.&#160; For example, if the government reduces environmental regulation or its enforcement, companies that produce products designed to provide a clean environment, and in which the Fund invests, are less likely to prosper.</p> <p><b>&nbsp;</b></p> <p><b>Large Cap Company Risk.</b> &#160;Large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of smaller companies, especially during extended periods of economic expansion.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.</b>&#160; Investing in securities of small and medium-sized companies may involve greater volatility than investing in larger, more established companies.</p> <p><b>&nbsp;</b></p> <p><b>New Fund Risk.</b>&#160; The Fund is a new mutual fund and has a limited history of operations.&#160; The Sub-Adviser has not previously managed a mutual fund.</p> <p>&nbsp;</p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p>&nbsp;</p> <p><b>Security Risk.</b> The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p>&nbsp;</p> <p><b>Derivatives Risk.</b> The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.&nbsp; The value of derivatives may be volatile and that volatility may be exacerbated by the use of leverage, which is common for derivative strategies.&#160; Derivatives may be illiquid.&#160; The Fund may not be able to enter into, or terminate, a derivatives position when desired.&#160; Derivatives are also subject to mispricing and improper valuation, and may increase the taxes payable by shareholders.</p> <p><b>Performance</b></p> <p>Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.&#160; In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.</p> <font style="font-size:12.0pt; font-family:Times New Roman">As with any investment in a mutual fund, investing in the Fund involves risk.&#160; Therefore, it is possible to lose all or a portion of your investment in the Fund.</font> <p><b>Investment Objective</b></p> <p>The Epiphany FFV Global Ecologic Fund (the &#8220;Fund&#8221;) seeks long term growth of capital.</p> <p><b>Fees and Expenses</b></p> <p>The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</p> <p><b>Shareholder fees (fees paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund at the maximum sales charge, if any, for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same as described in the Fees and Expenses table.&#160; Although actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p>The Example does not reflect any sales charges on reinvested dividends and distributions. If any sales charges were included, your costs would be higher.</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; 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 the Annual Fund Operating Expenses or in the Example, affect the Fund's performance.</p> <p><b>Principal Investment Strategy</b></p> <p>The Epiphany FFV Global Ecologic Fund seeks to achieve its investment objective by investing in equity securities of companies located anywhere in the world, including common stocks and dividend-paying preferred stocks.&#160; The Fund invests in established U.S. and multinational companies, including American Depository Receipts (&#8220;ADRs&#8221;).&#160; The Fund will invest, under normal market conditions, in at least three different countries, and invest at least 40% of the Fund&#8217;s assets in securities of companies domiciled outside of the U.S.</p> <p>&nbsp;</p> <p>Under normal circumstances, the Fund seeks to encourage environmentally responsible business practices and a cleaner environment by investing substantially all, and in any case, no less than 80%, of its assets in environmentally responsible and sustainable companies.&#160; These are defined as companies that provide goods or services that the Sub-Adviser has determined maintain the ecologic health and viability of the Earth and its human inhabitants or remediate negative ecologic impacts.&#160; Such companies include those providing for the production and distribution of organic food and products, low carbon transportation (rail/bicycles), metals recycling, demand side energy efficiency, smart grid, renewable energy, pollution control, bioremediation, water efficiency, provision, remediation and energy storage.&#160; The Fund invests in approximately 50 equity securities.&#160; The Fund does not invest more than 5% of the total value of the Fund in pure play renewable energy.&#160; The Fund may invest in companies of all sizes, and, under normal circumstances, at least 80% of the Fund&#8217;s assets will be in companies with at least $250 million market capitalization.&#160; The companies also must pass the FFV Scorecard, an exclusionary screening tool used by Trinity Fiduciary Partners, LLC (the &#8220;Adviser&#8221;).&#160; FFV refers to Faith and Family Values and represents the underlying theme of the social and moral screening.</p> <p><b>Principal Investment Risks</b></p> <p>As with any investment in a mutual fund, investing in the Fund involves risk.&#160; Therefore, it is possible to lose all or a portion of your investment in the Fund.&#160; The following principal risks can affect the value of your investment:</p> <p>&nbsp;</p> <p><b>Stock Market Risk.</b>&#160; The value of the Fund&#8217;s investments will fluctuate as markets fluctuate and could decline over short or long-term periods.&#160; These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time.</p> <p><b>&nbsp;</b></p> <p><b>Moral Investing Risk.</b>&#160; The Adviser invests in equity securities only if they meet both the Fund&#8217;s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.</p> <p><b>&nbsp;</b></p> <p><b>Foreign Company and Emerging Markets Risk.</b>&#160; Investing in foreign securities (including depositary receipts traded on U.S. exchanges but representing shares of foreign companies) involves more risks than investing in U.S. securities.&#160; Risks include currency exchange rates between foreign currencies and the U.S. dollar.&#160; The political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.&#160; Lack of transparency or inadequate regulatory and accounting standards, inadequate exchange control regulations, foreign taxes, higher transaction and other costs and delays in settlement also increase risk.&#160; Brokerage commissions and other fees may be higher for foreign securities.&#160; Foreign companies may not be subject to the same disclosure, accounting, auditing and financial reporting standards as U.S. companies.&#160; These risks can increase the potential for losses in the Fund and affect its share price.</p> <p><b>&nbsp;</b></p> <p><b>Concentration Risk.</b> Under normal market conditions, at least 80% of the Fund&#8217;s total assets will be invested in companies it believes promote environmental responsibility and sustainability.&#160; While the such companies may exist across several different industries or sectors, to the extent these environmentally responsible or sustainable companies are viewed unfavorably by the market, or if industries where there exist environmentally responsible or sustainable companies, suffer a downturn, it may have a larger impact on the Fund than on a fund that does not concentrate its investments in these types of companies.</p> <p><b>&nbsp;</b></p> <p><b>Environmentally and Socially Responsible Investing Risk.</b>&#160; The Fund&#8217;s environmental, social, moral and governance criteria limit the available investments compared to funds with no such criteria.&#160; Under certain economic conditions, this could cause the Fund&#8217;s investment performance to be worse or better than similar funds with no such criteria.</p> <p><b>&nbsp;</b></p> <p><b>Preferred Security Risk.</b>&#160; Preferred securities rank lower than bonds and other debt instruments in a company&#8217;s capital structure and therefore will be subject to greater credit risk than those debt instruments.&nbsp;&nbsp;&nbsp;Distributions on some types of these securities may also be skipped or deferred by issuers without causing a default.&nbsp;&nbsp;Finally, some of these securities typically have special redemption rights that allow the issuer to redeem the security at par earlier than scheduled.</p> <p><b>&nbsp;</b></p> <p><b>Portfolio Selection Risk.</b>&#160; Securities selected by the portfolio managers may not perform to expectations or may decline in value or not increase in value when the stock market in general is rising.&#160; This could result in the Fund&#8217;s underperformance compared to other funds.</p> <p><b>&nbsp;</b></p> <p><b>New Technology Risk.</b>&#160; The Fund may consider investments in new technologies intended to produce a clean and sustainable environment.&#160; New technologies may not be cost effective, and the portfolio managers may select a new technology that is not successful.&#160; It is also possible that interest in achieving a clean and sustainable environment may diminish.&#160; The potential advantages of new technologies may be slow in both development and recognition.</p> <p><b>&nbsp;</b></p> <p><b>Political Risk.</b>&#160; Investments in companies with ecological and environmental products are subject to political priorities and changing government regulations and subsidies that may impact the value of their securities.&#160; There are also risks associated with a failure to enforce environmental law.&#160; For example, if the government reduces environmental regulation or its enforcement, companies that produce products designed to provide a clean environment, and in which the Fund invests, are less likely to prosper.</p> <p><b>&nbsp;</b></p> <p><b>Large Cap Company Risk.</b> Large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of smaller companies, especially during extended periods of economic expansion.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-&#173;Cap Risk.</b>&#160; Investing in securities of small and medium-sized companies may involve greater volatility than investing in larger, more established companies.</p> <p><b>&nbsp;</b></p> <p><b>New Fund Risk.</b> The Fund is a new mutual fund and has a limited history of operations.&#160; The Sub-Adviser has not previously managed a mutual fund.</p> <p>&nbsp;</p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.&#160; </p> <p>&nbsp;</p> <p><b>Security Risk.</b> The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p>&nbsp;</p> <p><b>Derivatives Risk.</b> The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.&nbsp; The value of derivatives may be volatile and that volatility may be exacerbated by the use of leverage, which is common for derivative strategies.&#160; Derivatives may be illiquid.&#160; The Fund may not be able to enter into, or terminate, a derivatives position when desired.&#160; Derivatives are also subject to mispricing and improper valuation, and may increase the taxes payable by shareholders.</p> <p><b>Performance</b></p> <p>Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.&#160; In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and by showing how the Fund&#8217;s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.</p> <font style="font-size:12.0pt; font-family:Times New Roman">As with any investment in a mutual fund, investing in the Fund involves risk.&#160; Therefore, it is possible to lose all or a portion of your investment in the Fund.</font> <p><b>Investment Objective</b></p> <p>The Dana Large Cap Core Fund seeks long-term growth of capital.</p> <b><font style="font-size:12.0pt; font-family:Times New Roman">Fees and Expenses</font></b> <p>These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.&#160; 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 Epiphany Funds.&#160; More information about these and other discounts is available from your financial professional and in the &quot;Investing in The Fund&quot; section on page 10 of the Fund's prospectus and in the &quot;Sales Charges&quot; section of the Fund's Statement of Additional Information.</p> <p><b>Shareholder fees (paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses deducted from Fund assets)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in a Fund for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; its portfolio).&#160; 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.&#160; These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 54%.</p> <p><b>Investment Strategy</b></p> <p>The Dana Large Cap Core Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by Dana Investment Advisors, Inc., the Fund's investment sub-adviser (the &#8220;Sub-Adviser&#8221;) since 1999. Prior to March 1, 2011, the Fund was known as the Epiphany Large Cap Core Fund.&#160; The Fund remains a part of the Epiphany Funds Trust.</p> <p>&nbsp;</p> <p>The Sub-Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies, based on market capitalization, listed on domestic securities exchanges. Under normal circumstances, at least 80% of the Fund's assets will be invested in large cap equity securities, which the Sub-Adviser defines as companies having a market capitalization of over $5 billion at the time of purchase.&#160; While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).&#160; The Fund portfolio is designed to resemble the broad market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.</p> <p>&nbsp;</p> <p>The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company's fundamentals are no longer compatible with the Fund's objectives or when other securities offer a more attractive investment opportunity.</p> <p>&nbsp;</p> <p>In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (&quot;REITs&quot;), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds (&quot;ETFs&quot;), including inverse ETFs, mainly as an alternative to holding cash prior to investment.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs and other investment companies (&quot;Underlying Funds&quot;).&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p>&nbsp;</p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.</b>&#160; Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.&#160; Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.&#160; These risks are higher for small-cap companies.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Fund may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Sector Risk.</b>&#160; The Fund&#8217;s portfolio may be over-weighted in certain sectors such as technology, consumer cyclicals or energy; therefore any negative development affecting those sectors will have a greater impact on the Fund.</p> <p><b>Performance</b></p> <p>The bar chart and accompanying table shown below provide an indication of the risks of investing in the Dana Large Cap Core Fund by showing the performance of its Class A shares for each full calendar year of performance since incorporation, and by showing how the Fund&#8217;s average annual returns compare over time with those of a broad measure of market performance.&#160; The Class A sales load and account fees are not reflected in the bar chart and if they were, returns would be less than those shown.&#160; How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <p style="text-align:justify"><b>Class A Shares</b></p> <p style="text-align:justify"><b>(as of December 31)</b></p> <p>During the period shown in the bar chart for Class A shares, the highest return for a quarter was 13.31% (quarter ended March 30, 2012) and the lowest return for a quarter was (3.21)% (quarter ended June 30, 2012).</p> <p><b>Average Annual Total Returns (for the period ended December 31, 2012)</b></p> <p>After-tax returns are calculated using the historical highest individual federal marginal income tax rate, and do not reflect the impact of state and local taxes.&#160; Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown above.&#160; After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.&#160; After tax returns are only shown for Class A Shares and after tax returns for Class C Shares, which are not presented, will vary. Updated performance information is available by calling 1-800-320-2185.</p> .54 <font style="font-size:12.0pt; font-family:Times New Roman">You could lose money.&#160; </font> <p>How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <font style="font-size:12.0pt; font-family:Times New Roman">800-320-2185</font> <font style="font-size:12.0pt; font-family:Times New Roman">highest return for a quarter </font> 2012-03-30 .1331 <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns are calculated using the historical highest individual federal marginal income tax rate</font> <font style="font-size:12.0pt; font-family:Times New Roman">After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.</font> <p><b>Investment Objective</b></p> <p>The Dana Large Cap Core Fund seeks long-term growth of capital.</p> <p><b>Fees and Expenses</b></p> <p>These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</p> <p><b>Shareholder fees (paid directly from your investment)</b></p> <p><b>Annual Fund operating expenses (expenses deducted from Fund assets)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in a Fund for the time periods indicated, reinvest dividends and distributions, and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &quot;turns over&quot; its portfolio).&#160; 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.&#160; These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 54%.</p> <p><b>Investment Strategy</b></p> <p>The Dana Large Cap Core Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by Dana Investment Advisors, Inc., the Fund's investment sub-adviser (the &#8220;Sub-Adviser&#8221;) since 1999.&#160; Prior to March 1, 2011, the Fund was known as the Epiphany Large Cap Core Fund.&#160; The Fund remains a part of the Epiphany Funds trust.</p> <p>&nbsp;</p> <p>The Sub-Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies, based on market capitalization, listed on domestic securities exchanges. Under normal circumstances, at least 80% of the Fund's assets will be invested in large cap equity securities, which the Sub-Adviser defines as companies having a market capitalization of over $5 billion at the time of purchase.&#160; While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).&#160; The Fund portfolio is designed to resemble the broad market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.</p> <p>&nbsp;</p> <p>The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company's fundamentals are no longer compatible with the Fund's objectives or when other securities offer a more attractive investment opportunity.</p> <p>&nbsp;</p> <p>In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts (&quot;REITs&quot;), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds (&quot;ETFs&quot;), including inverse ETFs, mainly as an alternative to holding cash prior to investment.</p> <p><b>Principal Risks</b></p> <p>Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.&#160; You could lose money.&#160; An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.</p> <p>&nbsp;</p> <p>The Fund is subject to several risks, any of which could cause an investor to lose money.&#160; Below are some specific risks of investing in the Fund.</p> <p>&nbsp;</p> <p><b>ETF and Other Investment Company Risk.</b>&#160; The Fund may invest in ETFs, and other investment companies (&quot;Underlying Funds&quot;).&#160; As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.&#160; You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund&#8217;s direct fees and expenses.</p> <p><b>&nbsp;</b></p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.</p> <p><b>&nbsp;</b></p> <p><b>Mid-Cap and Small-Cap Risk.</b>&#160; Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.&#160; Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.&#160; These risks are higher for small-cap companies.</p> <p><b>&nbsp;</b></p> <p><b>REIT Risk.</b>&#160; The Fund may invest in REITs.&#160; Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.&#160; Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.</p> <p><b>&nbsp;</b></p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.</p> <p><b>&nbsp;</b></p> <p><b>Security Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p><b>&nbsp;</b></p> <p><b>Sector Risk.</b>&#160; The Fund&#8217;s portfolio may be over-weighted in certain sectors such as technology, consumer cyclicals or energy; therefore any negative development affecting those sectors will have a greater impact on the Fund.</p> <p><b>Performance</b></p> <p>The bar chart and accompanying table shown below provide an indication of the risks of investing in the Dana Large Cap Core Fund by showing the performance of its Class N shares over the last year, and by showing how its average annual returns compare over time with those of a broad measure of market performance.&#160; The sales load and account fees are not reflected in the chart and that, if they were, returns would be less than those shown.&#160; How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.</p> <p><b>CLASS N SHARES</b></p> <p><b>(as of December 31)</b></p> <p>During the period shown in the bar chart, the highest return for a quarter was 13.29% (quarter ended March 31, 2012) and the lowest return for a quarter was (3.20)% (quarter ended June 30, 2012).</p> <p><b>Average Annual Total Returns (for the period ended December 31, 2012)</b></p> <p>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.&#160; Actual after-tax returns depend on the investor's tax situation and may differ from those shown above.&#160; After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. 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The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders. The Epiphany FFV Fund's Class A and C Inception Date is March 19, 2008. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class N shares for the period through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders. The Epiphany FFV Fund's Class N Inception Date is January 8, 2007. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.25% of the average daily net assets for Class A shares and 2.00% of the average daily net assets of the Class C shares, through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders. The Epiphany FFV Strategic Income Fund Class A and C Inception Date is July 28, 2010. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.25% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders. The Epiphany FFV Strategic Income Fund Class N Inception Date is March 1, 2010. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.75% of the average daily net assets for Class A shares and 2.50% of the average daily net assets for Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.75% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders. Because the Fund is a new fund, the "Other Expenses" are based on estimated amounts for the current fiscal year. Acquired Fund Fees and Expenses are the pro rata portion of the cumulative expenses charged by underlying funds in which the Fund invests. The Fund allocates uninvested cash to a money market fund. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class A shares and 2.25% of the average daily net assets for Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% and 2.25% of the average daily net assets for Class A and C shares, respectively, through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders. The Dana Large Cap Core Fund Class A and C Shares Inception Date is March 19, 2008. The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 0.98% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders. The Dana Large Cap Core Fund Class N Shares Inception Date is March 1, 2010. 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Waiver or Reimbursement Fee Waiver and/or Expense Reimbursement Fee Waiver and/or Expense Reimbursement Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) Expense Example: Expense Example: 1 Year Expense Example, with Redemption, 1 Year 3 Years Expense Example, with Redemption, 3 Years 5 Years Expense Example, with Redemption, 5 Years 10 Years Expense Example, with Redemption, 10 Years Bar Chart Table: Bar Chart Table: Annual Return 2008 Annual Return 2008 Annual Return 2009 Annual Return 2009 Annual Return 2010 Annual Return 2010 Annual Return 2011 Annual Return 2011 Annual Return 2012 Annual Return 2012 Average Annual Return: Average Annual Return: 1 Year 1 Year 5 Years 5 Years Since Inception Since Inception Risk/Return Detail [Table] Risk/Return Detail [Table] Document Type Document Type Document Period End Date Document Period End Date Registrant Name Registrant Name 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XML 14 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Mar. 01, 2013
Registrant Name dei_EntityRegistrantName Epiphany Funds
Central Index Key dei_EntityCentralIndexKey 0001377031
Amendment Flag dei_AmendmentFlag false
Prospectus Date rr_ProspectusDate Mar. 01, 2013
Epiphany FFV Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Fund seeks long-term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

These tables describe the fees and expenses that you may pay if you buy and hold Class A or Class C 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional and in the "Investing with Epiphany" section on page 39 of the Fund's prospectus and in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance.  During the most recent fiscal year, the Fund portfolio turnover rate was 47%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 47.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Fund seeks to achieve its objective by investing in the equity securities of companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC (the "Adviser").  FFV refers to Faith and Family Values and represents the underlying theme of the social screening. The starting universe used to select equity securities is the largest 1000 stocks, based on market capitalization, listed on domestic U.S. securities markets.  While the Fund selects stocks from the 1000 largest companies, the Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).  The FFV Scorecard is then applied to the eligible securities.  Application of the FFV Scorecard is based on information known about the company by the Adviser or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board. The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.  According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

 

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment on their record on human rights, environment and corporate governance, both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

From these eligible securities, the portfolio managers apply economic criteria to select up to 100 equity securities for the Fund's portfolio.  The portfolio holdings are equally weighted and rebalanced quarterly.  The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the FFV Scorecard. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security. Accordingly, the Fund may hold some securities that do not conform to the Adviser’s screening process.  The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.  In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.  The underlying securities of these other equities will not be subject to the FFV Scorecard.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Fund by showing the performance of its Class A shares for each full calendar year since the Fund’s inception, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  The Class A sales load and account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Bar Chart [Heading] rr_BarChartHeading

Class A Shares

(as of December 31)

Annual Return 2009 rr_AnnualReturn2009 27.88%
Annual Return 2010 rr_AnnualReturn2010 13.48%
Annual Return 2011 rr_AnnualReturn2011 (0.52%)
Annual Return 2012 rr_AnnualReturn2012 14.22%
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

During the period shown in the bar chart, the highest return for a quarter was 16.94% (quarter ended June 30, 2009) and the lowest return for a quarter was (16.20)% (quarter ended September 30, 2011).

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.94%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest return for a quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.20%)
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns (for the period ended December 31, 2012)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.  After tax returns are only shown for Class A shares and after tax returns for Class C shares will vary.

Epiphany FFV Fund | - Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.00%
Since Inception rr_AverageAnnualReturnSinceInception 2.58% [13]
Epiphany FFV Fund | Epiphany FFV Fund Class A shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.38%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.38%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.88%) [3]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.50%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 645
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,125
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,631
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,017
1 Year rr_AverageAnnualReturnYear01 8.56%
Since Inception rr_AverageAnnualReturnSinceInception 3.36% [13]
Epiphany FFV Fund | Epiphany FFV Fund Class A shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.86%
Since Inception rr_AverageAnnualReturnSinceInception 3.01% [13]
Epiphany FFV Fund | Epiphany FFV Fund Class A shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.00%
Since Inception rr_AverageAnnualReturnSinceInception 2.69% [13]
Epiphany FFV Fund | Epiphany FFV Fund Class C shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.40%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.15%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.90%) [3]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 2.25%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 228
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 887
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,571
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,395
1 Year rr_AverageAnnualReturnYear01 13.42%
Since Inception rr_AverageAnnualReturnSinceInception 2.83% [13]
-Epiphany FFV Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Fund seeks long-term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance.  During the most recent fiscal year, the Fund portfolio turnover rate was 47%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 47.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Fund seeks to achieve its objective by investing in the equity securities of companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC (the "Adviser").  FFV refers to Faith and Family Values and represents the underlying theme of the social screening. The starting universe used to select equity securities is the largest 1000 stocks, based on market capitalization, listed on domestic U.S. securities markets. While the Fund selects stocks from the 1000 largest companies, the Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).   The FFV Scorecard is then applied to the eligible securities.  Application of the FFV Scorecard is based on information known about the company by the Adviser or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board.  The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.  

 

According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

 

From these eligible securities, the portfolio managers apply economic criteria to select up to 100 equity securities for the Fund's portfolio.  The portfolio holdings are rebalanced quarterly.  The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the FFV Scorecard.  The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.  Accordingly, the Fund may hold securities that do not conform to the Adviser’s Screening process.  The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.  In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.  The underlying securities of these other equities will not be subject to the FFV Scorecard.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk. The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Fund by showing the performance of its Class N shares for each full calendar year since the Fund’s inception, and by showing how its average annual returns compare over time with those of a broad measure of market performance.  The sales load and account fees are not reflected in the chart and that, if they were, returns would be less than those shown. How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-320-2185
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Bar Chart [Heading] rr_BarChartHeading

Class N Shares

(as of December 31)

Annual Return 2008 rr_AnnualReturn2008 (30.49%)
Annual Return 2009 rr_AnnualReturn2009 27.87%
Annual Return 2010 rr_AnnualReturn2010 13.32%
Annual Return 2011 rr_AnnualReturn2011 (0.52%)
Annual Return 2012 rr_AnnualReturn2012 14.22%
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

During the period shown in the bar chart, the highest return for a quarter was 11.75% (quarter ended March 31, 2012) and the lowest return for a quarter was (22.41)% (quarter ended December 31, 2008).

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.75%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest return for a quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (22.41%)
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns (for the period ended December 31, 2012)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.

-Epiphany FFV Fund | - Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.00%
5 Years rr_AverageAnnualReturnYear05 1.66%
Since Inception rr_AverageAnnualReturnSinceInception 11.61% [14]
-Epiphany FFV Fund | Epiphany FFV Fund Class N shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.43%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.43%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.93%) [4]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.50%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 153
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 669
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,212
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,696
1 Year rr_AverageAnnualReturnYear01 14.22%
5 Years rr_AverageAnnualReturnYear05 2.74%
Since Inception rr_AverageAnnualReturnSinceInception 1.66% [14]
-Epiphany FFV Fund | Epiphany FFV Fund Class N shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.43%
5 Years rr_AverageAnnualReturnYear05 2.40%
Since Inception rr_AverageAnnualReturnSinceInception 1.25% [14]
-Epiphany FFV Fund | Epiphany FFV Fund Class N shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.77%
5 Years rr_AverageAnnualReturnYear05 2.16%
Since Inception rr_AverageAnnualReturnSinceInception 1.19% [14]
Epiphany FFV Strategic Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Strategic Income Fund seeks income.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

These tables describe 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional in the "Investing with Epiphany" section on page 39 of the Fund's prospectus and on in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 56%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 56.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Strategic Income Fund seeks to achieve its investment objective through investment in any income-producing securities issued by companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC.   FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Income-producing securities may include corporate bonds, preferred stocks, convertible stocks and investment companies (including open-end funds or exchange traded funds) that may invest in income-producing securities, or in the case of exchange traded funds, track a fixed income index.  The Fund may also invest in inverse ETFs for hedging purposes.  Inverse ETFs are designed to provide positive return from a decline in the ETF's underlying benchmark.  These investments will be short term in nature.  In the case of corporate bonds, preferred stocks and convertible stocks, the FFV Scorecard is then applied to the eligible securities.  The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church. Application of the FFV Scorecard is based on information known about the company by the advisor or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board. Then the Fund's sub-adviser, Dana Investment Advisors, Inc. (the “Sub-Adviser”), uses a disciplined, risk-controlled investment process to select the Fund's holdings.

 

According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations in the past 2 calendar years;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance, both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

 

Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser and Sub-Adviser who may opt to hold the security based on the security's anticipated level of income or as a means to defer or eliminate costs associated with the sale of the security. Accordingly the Fund may hold some securities that do not conform to the Adviser’s screening process.  The portfolio managers may also sell a security when the portfolio managers determine that the creditworthiness is no longer consistent with the portfolio manager's risk tolerance or if other eligible securities offer a more attractive investment opportunity.  The Fund may hold cash in addition to the income-producing securities, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.

 

The Fund’s Sub-Adviser employs a relative-value approach to identify securities in the marketplace with the following characteristics, although not all of the securities selected will have these attributes:

 

·     Discounted price to potential market value

·     Improving credit profiles yet unrecognized by the market

·     Yield advantage relative to its benchmark

 

The Sub-Adviser invests in securities that offer a positive yield advantage over the market and, in its view, have room to increase in price. The Sub-Adviser may also invest to take advantage of what it believes are temporary disparities in the yield of different segments of the market for securities.

 

Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including high-yield high risk or junk bonds) with a focus on U.S. corporate bonds, government bonds, agency bonds, adjustable and fixed rate mortgage bonds, municipal bonds, convertible securities, and debt instruments issued by foreign governments, including those in emerging markets.  The Fund may invest up to 35% of its assets in preferred stocks and dividend-paying common stocks.  The fixed income investments may be of any maturity or credit quality.  In addition to income-producing securities, from time to time the Fund may purchase other securities such as real estate investment trusts ("REITs"), publicly traded partnerships, mainly as an alternative to holding cash prior to investment.  These other equity securities will not be subject to the FFV Scorecard.  The Sub-Adviser may shift the Fund’s assets among various types of income-producing securities based upon changing market conditions.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Convertible Security Risk.  The market value of convertible securities and other debt securities tends to fall when prevailing interest rates rise.  The value of convertible securities also tends to change whenever the market value of the underlying common or preferred stock fluctuates.

 

Credit Risk.  The issuer of a fixed income security may not be able to make interest and principal payments when due.  Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation, which could result in a loss to the Fund.

 

Derivatives Risk.  The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk.  Countries with emerging markets may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Investing Risk.  Foreign investing involves risks not typically associated with U.S. investments.  These risks include, among others, adverse fluctuations in foreign currency values as well as adverse political, social and economic developments affecting a foreign country. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws, and potential difficulties in enforcing contractual obligations.    Owning foreign securities could cause the Fund’s performance to fluctuate more than if it held only U.S. securities.

 

Government Risk.  The U.S. government’s guarantee of ultimate payment of principal and timely payment of interest on certain U. S. government securities owned by the Fund does not imply that the Fund’s shares are guaranteed or that the price of the Fund’s shares will not fluctuate.

 

High Yield Securities Risk.  The Fund may invest in high yield securities, also known as "junk bonds."  High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.  High yield securities are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal in accordance with the terms of the obligation.  The market for high yield securities is generally less active than the market for higher quality securities.  This may limit the ability of the Fund to sell high yield securities.

 

Interest Rate Risk.  The Fund's share price and total return will vary in response to changes in interest rates.  If rates increase, the value of the Fund's investments generally will decline, as will the value of your investment in the Fund.

 

Inverse ETF Risk.  Inverse or “short” ETFs seek to deliver returns that are opposite of the return of a benchmark (e.g., if the benchmark goes up by 1%, the ETF will go down by 1%), typically using a combination of derivative strategies.  Inverse ETFs contain all of the risks that regular ETFs present.  Because inverse ETFs typically seek to obtain their objective on a daily basis, holding inverse ETFs for longer than a day may produce unexpected results particularly when the benchmark index experiences large ups and downs. Inverse ETFs may also be leveraged.  Inverse ETFs contain all of the risks that regular ETFs present.

 

Investment Style Risk.  The Adviser’s or Sub-Adviser's judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s or Sub-Adviser's judgment will produce the desired results.

 

Liquidity Risk.  Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.  Many high yield high risk fixed income securities may be illiquid at times.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Moral Investing Risk.  The Adviser and Sub-Adviser invests in securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Preferred Stocks Risk.  Dividends on preferred stocks are generally payable at the discretion of issuer’s board of directors and Fund shareholders may lose money if dividends are not paid. Preferred stock prices may fall if interest rates rise or the issuer’s creditworthiness becomes impaired.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sovereign Obligation Risk.  The Fund may invest in sovereign debt obligations.  Investment in sovereign debt obligations involves special risks not present in corporate debt obligations.  The issuer of the sovereign debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Strategic Income Fund by showing the performance of its Class A shares for each full calendar year since the Fund’s inception, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  The Class A sales load and account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-320-2185
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Bar Chart [Heading] rr_BarChartHeading

Class A Shares

(as of December 31)

Annual Return 2011 rr_AnnualReturn2011 3.65%
Annual Return 2012 rr_AnnualReturn2012 5.55%
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

During the period shown in the bar chart, the highest return for a quarter was 2.38% (quarter ended March 31, 2012) and lowest return for a quarter was (1.79)% (quarter ended September 30, 2011).

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 2.38%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest return for a quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (1.79%)
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns (for the period ended December 31, 2012)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.  After tax returns are only shown for Class A shares and after tax returns for Class C shares, which are not presented, will vary. Updated performance information is available by calling 1-800-320-2185.

Epiphany FFV Strategic Income Fund | - Comparison Index - Barclays Capital Intermediate Aggregate Index (reflects no deduction for fees, expenses, or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.18%
Since Inception rr_AverageAnnualReturnSinceInception 3.56% [15]
Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class A shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.41%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.06%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.22%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.91%) [5]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 627
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,076
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,551
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,859
1 Year rr_AverageAnnualReturnYear01 0.26%
Since Inception rr_AverageAnnualReturnSinceInception 2.80% [15]
Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class A shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (0.73%)
Since Inception rr_AverageAnnualReturnSinceInception 1.78% [15]
Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class A shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (0.34%)
Since Inception rr_AverageAnnualReturnSinceInception 1.79% [15]
Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class C shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.42%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.06%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.98%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.92%) [5]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 2.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 209
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 835
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,487
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,234
1 Year rr_AverageAnnualReturnYear01 4.68%
Since Inception rr_AverageAnnualReturnSinceInception 4.07% [15]
-Epiphany FFV Strategic Income Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Strategic Income Fund seeks income.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance.  During the most recent fiscal year, the Fund portfolio turnover rate was 56%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 56.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Strategic Income Fund seeks to achieve its investment objective through investment in any income-producing securities issued by companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC.  FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Income-producing securities may include corporate bonds, preferred stocks, convertible stocks and investment companies (including open-end funds, or exchange traded funds) that may invest in income-producing securities, or in the case of exchange traded funds, track a fixed income index.  The Fund may also invest in inverse ETFs for hedging purposes.  Inverse ETFs are designed to provide positive return from a decline in the ETF's underlying benchmark.  These investments will be short term in nature.  In the case of corporate bonds, preferred stocks and convertible stocks, the FFV Scorecard is then applied to the eligible securities.  The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.  Application of the FFV Scorecard is based on information known about the company by the advisor or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board.  Then the Fund's sub-adviser, Dana Investment Advisors, Inc. (the “Sub-Adviser”), uses a disciplined, risk-controlled investment process to select the Fund's holdings.

 

According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

 

Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser and Sub-Adviser who may opt to hold the security based on the security's anticipated level of income or as a means to defer or eliminate costs associated with the sale of the security.  Accordingly, the Fund may hold some securities that do not conform to the Adviser’s screening process.  The portfolio managers may also sell a security when the portfolio managers determine that the creditworthiness is no longer consistent with the portfolio manager's risk tolerance or if other eligible securities offer a more attractive investment opportunity.  The Fund may hold cash in addition to the income-producing securities, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.

 

The Fund’s Sub-Adviser employs a relative-value approach to identify securities in the marketplace with the following characteristics, although not all of the securities selected will have these attributes:

 

·     Discounted price to potential market value

·     Improving credit profiles yet unrecognized by the market

·     Yield advantage relative to its benchmark

 

The Sub-Adviser invests in securities that offer a positive yield advantage over the market and, in its view, have room to increase in price. The Sub-Adviser may also invest to take advantage of what it believes are temporary disparities in the yield of different segments of the market for securities.

 

Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including high-yield high risk or junk bonds) with a focus on U.S. corporate bonds, government bonds, agency bonds, adjustable and fixed rate mortgage bonds, municipal bonds, convertible securities, and debt instruments issued by foreign governments, including those in emerging markets.  The Fund may invest up to 35% of its assets in preferred stocks and dividend-paying common stocks.  The fixed income investments may be of any maturity or credit quality.  In addition to income-producing securities, from time to time the Fund may purchase other securities such as real estate investment trusts ("REITs"), publicly traded partnerships, mainly as an alternative to holding cash prior to investment.  These other equity securities will not be subject to the FFV Scorecard.  The Sub-Adviser may shift the Fund’s assets among various types of income-producing securities based upon changing market conditions.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds fluctuate in price, the value of your investment in the Funds will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Convertible Security Risk.  The market value of convertible securities and other debt securities tends to fall when prevailing interest rates rise.  The value of convertible securities also tends to change whenever the market value of the underlying common or preferred stock fluctuates.

 

Credit Risk. The issuer of a fixed income security may not be able to make interest and principal payments when due.  Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation, which could result in a loss to the Fund.

 

Derivatives Risk.  The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk. Countries with emerging markets may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Investing Risk.  Foreign investing involves risks not typically associated with U.S. investments.  These risks include, among others, adverse fluctuations in foreign currency values as well as adverse political, social and economic developments affecting a foreign country. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws, and potential difficulties in enforcing contractual obligations.    Owning foreign securities could cause the Fund’s performance to fluctuate more than if it held only U.S. securities.

 

Government Risk. The U.S. government’s guarantee of ultimate payment of principal and timely payment of interest on certain U. S. government securities owned by the Fund does not imply that the Fund’s shares are guaranteed or that the price of the Fund’s shares will not fluctuate.

 

High Yield Securities Risk.  The Fund may invest in high yield securities, also known as "junk bonds."  High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.  High yield securities are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal in accordance with the terms of the obligation.  The market for high yield securities is generally less active than the market for higher quality securities.  This may limit the ability of the Fund to sell high yield securities.

 

Interest Rate Risk. The Fund's share price and total return will vary in response to changes in interest rates.  If rates increase, the value of the Fund's investments generally will decline, as will the value of your investment in the Fund.

 

Inverse ETF Risk.  Inverse or “short” ETFs seek to deliver returns that are opposite of the return of a benchmark (e.g., if the benchmark goes up by 1%, the ETF will go down by 1%), typically using a combination of derivative strategies.  Inverse ETFs contain all of the risks that regular ETFs present.  Because inverse ETFs typically seek to obtain their objective on a daily basis, holding inverse ETFs for longer than a day may produce unexpected results particularly when the benchmark index experiences large ups and downs. Inverse ETFs may also be leveraged.  Inverse ETFs contain all of the risks that regular ETFs present.

 

Investment Style Risk.  The Adviser’s or Sub-Adviser's judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s or Sub-Adviser's judgment will produce the desired results.

 

Liquidity Risk. Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.  Many high yield, high risk fixed income securities may be illiquid at times.

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Moral Investing Risk. The Adviser and Sub-Adviser invests in securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Preferred Stocks Risk.  Dividends on preferred stocks are generally payable at the discretion of issuer’s board of directors and Fund shareholders may lose money if dividends are not paid. Preferred stock prices may fall if interest rates rise or the issuer’s creditworthiness becomes impaired.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sovereign Obligation Risk.  The Fund may invest in sovereign debt obligations.  Investment in sovereign debt obligations involves special risks not present in corporate debt obligations.  The issuer of the sovereign debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Strategic Income Fund by showing the performance of its Class N shares for each full calendar year since the Fund’s inception, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  Account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown. How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-320-2185
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Bar Chart [Heading] rr_BarChartHeading

Class N Shares

(as of December 31)

Annual Return 2011 rr_AnnualReturn2011 3.67%
Annual Return 2012 rr_AnnualReturn2012 5.49%
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

During the period shown in the bar chart, the highest return for a quarter was 2.42% (quarter ended March 31, 2012) and lowest return for a quarter was (1.86)% (quarter ended September 30, 2011).

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 2.42%
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns (for the period ended December 31, 2012)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.

-Epiphany FFV Strategic Income Fund | - Comparison Index - Barclays Capital Intermediate Aggregate Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 0.18%
Since Inception rr_AverageAnnualReturnSinceInception 3.56% [17]
-Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class N shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.44%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.06%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.25%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.94%) [7]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 133
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 613
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,119
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,512
1 Year rr_AverageAnnualReturnYear01 5.49%
Since Inception rr_AverageAnnualReturnSinceInception 4.83% [17]
-Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class N shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.39%
Since Inception rr_AverageAnnualReturnSinceInception 3.68% [17]
-Epiphany FFV Strategic Income Fund | Epiphany FFV Strategic Income Fund Class N shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.04%
Since Inception rr_AverageAnnualReturnSinceInception 3.45% [17]
Epiphany FFV Latin America Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Latin America Fund seeks long term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables describe 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional and in the "Investing with Epiphany" section on page 39 of the Fund's prospectus and in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the period from commencement of operations through October 31, 2012, the Fund portfolio turnover rate was 3%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 3.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Latin America Fund invests, under normal circumstances, at least 80% of its assets, in equity securities of Latin American companies that pass the Socially Responsible Investment Screens, an exclusionary screening practice used by Trinity Fiduciary Partners, LLC (the "Adviser").  FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Trinity Fiduciary Partners, LLC (the “Adviser”) defines a Latin American company as one that derives 50% of its income, profits or assets in Latin America, including Mexico, Central and South America.

 

The Socially Responsible Investment Screens are applied to countries and potential securities before any investment is initiated. Application of the exclusionary screening is based on information known about the company by the Adviser or gleaned by third parties that compile and publish such data. The screening is consistent with the USCCB (U.S. Conference of Catholic Bishops) Socially Responsible Investment Guidelines.

 

A country will generally be excluded from the Fund if it falls under the following categories:

 

·     Government is not a Democracy;

·     Lacks economic freedom, i.e. not a free market economy;

·     Lacks consistent foreign investment rules;

·     Has not adopted or does not enforce customary labor laws and/or appropriate labor policies.

 

According to Socially Responsible Investment Screens, a company will generally be excluded from the Fund that is known to:

 

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Produce pornographic media content, or contributes to sexually explicit internet operations or retail sales; or

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines.

 

From these eligible securities, the portfolio managers apply economic and investment criteria to select up to 70 equity securities for the Fund's portfolio that are consistent with the Fund’s investment objective and its 80% investment policy. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by Socially Responsible Investment Screens. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the exclusionary screening is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company, or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests. Otherwise, the Fund intends to remain fully invested. In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment or to create desired country exposures.  The Fund may also invest a percentage of its assets in derivatives, such as future and options contracts. The underlying securities of these other equities will not be subject to the Socially Responsible Screen.

 

Eligible securities include shares listed on the major U.S. exchanges as well as American Depository Receipts (ADRs). When a U.S.-listed security or ADR is not available for a company, the Fund may purchase ordinary shares through the company’s domestic exchange. The Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).

 

Portfolio construction for the Fund is designed to minimize risk and produce an extensively diversified portfolio. In order to accomplish Latin American diversification, assets will be selected in conjunction to their respective countries of domicile.  The Fund will only invest in countries that first pass the exclusion screening.  The Fund will generally not invest in a company whose corporate headquarters is located in any country that is not a democracy.  Socially responsible countries will then be weighted based on extensive research on numerous political and economic factors.

 

Individual securities will be selected based on a bottom-up process to correlate with the respective weights given to the chosen countries of domicile. Factors including valuation, financial ratios, historical and forecasted growth, liquidity, capital structure and balance sheet strength, corporate governance, earnings estimates and analysts’ recommendations, among others will be evaluated.

 

Analysis will be performed using both internal and external research, supplemented with information gathered through the relationships built by one of the portfolio managers in his 35 years of Latin American business and investing experience.  The Fund will seek out the most attractive investment opportunities within each country while taking into consideration sector allocations that best represent the region.  The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the Socially Responsible Investment Screens.  The Fund may also sell a security when the portfolio manager determines that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the Socially Responsible Investment Screens is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds will fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Currency Risk.  Because the Fund’s NAV is determined in U.S. dollars, the Fund’s NAV could decline if the currency of the Non-U.S. market in which the Fund invests depreciates against the U.S. dollar.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk.  The risks of foreign investing are heightened for securities of companies in emerging market countries. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to all of the risks of investing in foreign developed markets, emerging market securities are susceptible to illiquid trading markets, governmental interference, and restrictions on gaining access to sales proceeds.

 

Equity Securities Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds"), as an alternative to holding cash before investment or as a way to hedge risk.  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Exposure Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

 

Issuer Risk. The performance of the Fund depends on the performance of individual companies in which the Fund invests. Any issuer may perform poorly, causing the value of its securities to decline. Poor performance may be caused by poor management decisions, competitive pressures, disruptions in supply, labor problems or shortages, corporate restructurings, fraudulent disclosures or other factors. Issuers may, at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Latin America Geographic Risk. Because the Fund concentrates the investments in Latin American companies, the Fund's performance is expected to be closely tied to social, political, and economic conditions within Latin America and to be more volatile than the performance of more geographically diversified funds.  These specific risks include domestic instability, lack of sufficient infrastructure and internal political disputes resulting in inefficient government.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Funds may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Valuation Risk. Because non-US exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund’s portfolio may change on days when shareholders will not be able to purchase or sell the Fund’s shares.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

Epiphany FFV Latin America Fund | Epiphany FFV Latin America Fund Class A shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 9.25%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 10.55%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (8.75%) [9]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 674
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 2,629
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 4,374
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 7,955
Epiphany FFV Latin America Fund | Epiphany FFV Latin America Fund Class C shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 10.71%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 12.76%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (10.21%) [9]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 2.55%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 258
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 2,674
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 4,729
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 8,624
-Epiphany FFV Latin America Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Latin America Fund seeks long term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the period from commencement of operations through October 31, 2012, the Fund portfolio turnover rate was 3%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 3.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Latin America Fund invests, under normal circumstances, at least 80% of its assets, in equity securities of Latin American companies that pass the Socially Responsible Investment Screens, an exclusionary screening practice used by Trinity Fiduciary Partners, LLC (the "Adviser"). FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Trinity Fiduciary Partners, LLC (the “Adviser”) defines a Latin American company as one that derives 50% of its income, profits or assets in Latin America, including Mexico, Central and South America.

 

The Socially Responsible Investment Screens are applied to countries and potential securities before any investment is initiated. Application of the exclusionary screening is based on information known about the company by the Adviser or gleaned by third parties that compile and publish such data. The screening is consistent with the USCCB (U.S. Conference of Catholic Bishops) Socially Responsible Investment Guidelines.

 

A country will generally be excluded from the Fund if it falls under the following categories:

·     Government is not a Democracy;

·     Lacks economic freedom, i.e. not a free market economy;

·     Lacks consistent foreign investment rules;

·     Has not adopted or does not enforce customary labor laws and/or appropriate labor policies.

 

According to Socially Responsible Investment Screens, a company will generally be excluded from the Fund that is known to:

 

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Produce pornographic media content, or contributes to sexually explicit internet operations or retail sales ;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

 

From these eligible securities, the portfolio managers apply economic and investment criteria to select up to 70 equity securities for the Fund's portfolio that are consistent with the Fund’s investment objective and its 80% investment policy. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by Socially Responsible Investment Screens. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the exclusionary screening is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company, or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests. Otherwise, the Fund intends to remain fully invested. In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment or to create desired country exposures.  The Fund may also invest a percentage of its assets in derivatives, such as future and options contracts. The underlying securities of these other equities will not be subject to the Socially Responsible Screen.

 

Eligible securities include shares listed on the major U.S. exchanges as well as American Depository Receipts (ADRs). When a U.S.-listed security or ADR is not available for a company, the Fund may purchase ordinary shares through the company’s domestic exchange. The Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).

 

Portfolio construction for the Fund is designed to minimize risk and produce an extensively diversified portfolio. In order to accomplish Latin American diversification, assets will be selected in conjunction to their respective countries of domicile.  The Fund will only invest in countries that first pass the exclusion screening.  The Fund will generally not invest in a company whose corporate headquarters is located in any country that is not a democracy.  Socially responsible countries will then be weighted based on extensive research on numerous political and economic factors.

 

Individual securities will be selected based on a bottom-up process to correlate with the respective weights given to the chosen countries of domicile. Factors including valuation, financial ratios, historical and forecasted growth, liquidity, capital structure and balance sheet strength, corporate governance, earnings estimates and analysts’ recommendations, among others will be evaluated.

 

Analysis will be performed using both internal and external research, supplemented with information gathered through the relationships built by one of the portfolio managers in his 35 years of Latin American business and investing experience.  The Fund will seek out the most attractive investment opportunities within each country while taking into consideration sector allocations that best represent the region. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the Socially Responsible Investment Screens.  The Fund may also sell a security when the portfolio manager determines that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the Socially Responsible Investment Screens is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds will fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Currency Risk. Because the Fund’s NAV is determined in U.S. dollars, the Fund’s NAV could decline if the currency of the Non-U.S. market in which the Fund invests depreciates against the U.S. dollar.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk.  The risks of foreign investing are heightened for securities of companies in emerging market countries. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to all of the risks of investing in foreign developed markets, emerging market securities are susceptible to illiquid trading markets, governmental interference, and restrictions on gaining access to sales proceeds.

 

Equity Securities Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds"), as an alternative to holding cash before investment or as a way to hedge risk.  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Exposure Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

 

Issuer Risk. The performance of the Fund depends on the performance of individual companies in which the Fund invests. Any issuer may perform poorly, causing the value of its securities to decline. Poor performance may be caused by poor management decisions, competitive pressures, disruptions in supply, labor problems or shortages, corporate restructurings, fraudulent disclosures or other factors. Issuers may, at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Latin America Geographic Risk. Because the Fund concentrates the investments in Latin American companies, the Fund's performance is expected to be closely tied to social, political, and economic conditions within Latin America and to be more volatile than the performance of more geographically diversified funds.  These specific risks include domestic instability, lack of sufficient infrastructure and internal political disputes resulting in inefficient government.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk. The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Funds may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Valuation Risk. Because non-US exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund’s portfolio may change on days when shareholders will not be able to purchase or sell the Fund’s shares.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

-Epiphany FFV Latin America Fund | Epiphany FFV Latin America Fund Class N shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 10.15%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 11.45%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (9.65%) [10]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 183
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 2,396
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 4,333
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 8,183
Epiphany FFV Global Ecologic Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Global Ecologic Fund (the “Fund”) seeks long term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe 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 Epiphany family of funds.  More information about these and other discounts is available from your financial professional and in the “Investing with Epiphany” section on page 39 of the Fund’s prospectus and in the “Sales Charges” section of the Fund’s Statement of Additional Information.

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 the Annual Fund Operating Expenses or in the Example, affect the Fund's performance.

Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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 at the maximum sales charge, if any, for the time periods indicated, reinvest dividends and distributions, 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 as described in the Fees and Expenses table.  Although actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

The Example does not reflect any sales charges on reinvested dividends and distributions. If any sales charges were included, your costs would be higher.

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Global Ecologic Fund seeks to achieve its investment objective by investing in equity securities of companies located anywhere in the world, including common stocks and dividend-paying preferred stocks.  The Fund invests in established U.S. and multinational companies, including American Depository Receipts (“ADRs”).  The Fund will invest, under normal market conditions, in at least three different countries, and invest at least 40% of the Fund’s assets in securities of companies domiciled outside of the U.S.

 

Under normal circumstances, the Fund seeks to encourage environmentally responsible business practices and a cleaner environment by investing substantially all, and in any case, no less than 80%, of its assets in environmentally responsible and sustainable companies.  These are defined as companies that provide goods or services that the Sub-Adviser has determined maintain the ecologic health and viability of the Earth and its human inhabitants or remediate negative ecologic impacts.  Such companies include those providing for the production and distribution of organic food and products, low carbon transportation (rail/bicycles), metals recycling, demand side energy efficiency, smart grid, renewable energy, pollution control, bioremediation, water efficiency, provision, remediation and energy storage.  The Fund invests in approximately 50 equity securities.  The Fund does not invest more than 5% of the total value of the Fund in pure play renewable energy.  The Fund may invest in companies of all sizes, and, under normal circumstances, at least 80% of the Fund’s assets will be in companies with at least $250 million market capitalization.  The companies also must pass the FFV Scorecard, an exclusionary screening tool used by Trinity Fiduciary Partners, LLC (the “Adviser”).  FFV refers to Faith and Family Values and represents the underlying theme of the social and moral screening.

Risk [Heading] rr_RiskHeading

Principal Investment Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any investment in a mutual fund, investing in the Fund involves risk.  Therefore, it is possible to lose all or a portion of your investment in the Fund.  The following principal risks can affect the value of your investment:

 

Stock Market Risk.  The value of the Fund’s investments will fluctuate as markets fluctuate and could decline over short or long-term periods.  These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Foreign Company and Emerging Markets Risk.  Investing in foreign securities (including depositary receipts traded on U.S. exchanges but representing shares of foreign companies) involves more risks than investing in U.S. securities.  Risks include currency exchange rates between foreign currencies and the U.S. dollar.  The political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.  Lack of transparency or inadequate regulatory and accounting standards, inadequate exchange control regulations, foreign taxes, higher transaction and other costs and delays in settlement also increase risk.  Brokerage commissions and other fees may be higher for foreign securities.  Foreign companies may not be subject to the same disclosure, accounting, auditing and financial reporting standards as U.S. companies.  These risks can increase the potential for losses in the Fund and affect its share price.

 

Concentration Risk.  Under normal market conditions, at least 80% of the Fund’s total assets will be invested in companies it believes promote environmental responsibility and sustainability.  While the such companies may exist across several different industries or sectors, to the extent these environmentally responsible or sustainable companies are viewed unfavorably by the market, or if industries where there exist environmentally responsible or sustainable companies, suffer a downturn, it may have a larger impact on the Fund than on a fund that does not concentrate its investments in these types of companies.

 

Environmentally and Socially Responsible Investing Risk.  The Fund’s environmental, social, moral and governance criteria limit the available investments compared to funds with no such criteria.  Under certain economic conditions, this could cause the Fund’s investment performance to be worse or better than similar funds with no such criteria.

 

Preferred Security Risk.  Preferred securities rank lower than bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.   Distributions on some types of these securities may also be skipped or deferred by issuers without causing a default.  Finally, some of these securities typically have special redemption rights that allow the issuer to redeem the security at par earlier than scheduled.

 

Portfolio Selection Risk.  Securities selected by the portfolio managers may not perform to expectations or may decline in value or not increase in value when the stock market in general is rising.  This could result in the Fund’s underperformance compared to other funds.

 

New Technology Risk.  The Fund may consider investments in new technologies intended to produce a clean and sustainable environment.  New technologies may not be cost effective, and the portfolio managers may select a new technology that is not successful.  It is also possible that interest in achieving a clean and sustainable environment may diminish.  The potential advantages of new technologies may be slow in both development and recognition.

 

Political Risk.  Investments in companies with ecological and environmental products are subject to political priorities and changing government regulations and subsidies that may impact the value of their securities.  There are also risks associated with a failure to enforce environmental law.  For example, if the government reduces environmental regulation or its enforcement, companies that produce products designed to provide a clean environment, and in which the Fund invests, are less likely to prosper.

 

Large Cap Company Risk.  Large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of smaller companies, especially during extended periods of economic expansion.

 

Mid-Cap and Small-Cap Risk.  Investing in securities of small and medium-sized companies may involve greater volatility than investing in larger, more established companies.

 

New Fund Risk.  The Fund is a new mutual fund and has a limited history of operations.  The Sub-Adviser has not previously managed a mutual fund.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.  The value of derivatives may be volatile and that volatility may be exacerbated by the use of leverage, which is common for derivative strategies.  Derivatives may be illiquid.  The Fund may not be able to enter into, or terminate, a derivatives position when desired.  Derivatives are also subject to mispricing and improper valuation, and may increase the taxes payable by shareholders.

Risk Lose Money [Text] rr_RiskLoseMoney As with any investment in a mutual fund, investing in the Fund involves risk.  Therefore, it is possible to lose all or a portion of your investment in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Bar Chart Narrative [Text Block] rr_BarChartNarrativeTextBlock

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

Epiphany FFV Global Ecologic Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.50% [1]
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.06% [1],[2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.61% [1]
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [11]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 651
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 978
Epiphany FFV Global Ecologic Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.50% [1]
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.06% [1],[2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.36% [1]
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [11]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 2.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 234
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 732
-Epiphany FFV Global Ecologic Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Epiphany FFV Global Ecologic Fund (the “Fund”) seeks long term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

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 the Annual Fund Operating Expenses or in the Example, affect the Fund's performance.

Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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 at the maximum sales charge, if any, for the time periods indicated, reinvest dividends and distributions, 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 as described in the Fees and Expenses table.  Although actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

The Example does not reflect any sales charges on reinvested dividends and distributions. If any sales charges were included, your costs would be higher.

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Epiphany FFV Global Ecologic Fund seeks to achieve its investment objective by investing in equity securities of companies located anywhere in the world, including common stocks and dividend-paying preferred stocks.  The Fund invests in established U.S. and multinational companies, including American Depository Receipts (“ADRs”).  The Fund will invest, under normal market conditions, in at least three different countries, and invest at least 40% of the Fund’s assets in securities of companies domiciled outside of the U.S.

 

Under normal circumstances, the Fund seeks to encourage environmentally responsible business practices and a cleaner environment by investing substantially all, and in any case, no less than 80%, of its assets in environmentally responsible and sustainable companies.  These are defined as companies that provide goods or services that the Sub-Adviser has determined maintain the ecologic health and viability of the Earth and its human inhabitants or remediate negative ecologic impacts.  Such companies include those providing for the production and distribution of organic food and products, low carbon transportation (rail/bicycles), metals recycling, demand side energy efficiency, smart grid, renewable energy, pollution control, bioremediation, water efficiency, provision, remediation and energy storage.  The Fund invests in approximately 50 equity securities.  The Fund does not invest more than 5% of the total value of the Fund in pure play renewable energy.  The Fund may invest in companies of all sizes, and, under normal circumstances, at least 80% of the Fund’s assets will be in companies with at least $250 million market capitalization.  The companies also must pass the FFV Scorecard, an exclusionary screening tool used by Trinity Fiduciary Partners, LLC (the “Adviser”).  FFV refers to Faith and Family Values and represents the underlying theme of the social and moral screening.

Risk [Heading] rr_RiskHeading

Principal Investment Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with any investment in a mutual fund, investing in the Fund involves risk.  Therefore, it is possible to lose all or a portion of your investment in the Fund.  The following principal risks can affect the value of your investment:

 

Stock Market Risk.  The value of the Fund’s investments will fluctuate as markets fluctuate and could decline over short or long-term periods.  These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Foreign Company and Emerging Markets Risk.  Investing in foreign securities (including depositary receipts traded on U.S. exchanges but representing shares of foreign companies) involves more risks than investing in U.S. securities.  Risks include currency exchange rates between foreign currencies and the U.S. dollar.  The political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.  Lack of transparency or inadequate regulatory and accounting standards, inadequate exchange control regulations, foreign taxes, higher transaction and other costs and delays in settlement also increase risk.  Brokerage commissions and other fees may be higher for foreign securities.  Foreign companies may not be subject to the same disclosure, accounting, auditing and financial reporting standards as U.S. companies.  These risks can increase the potential for losses in the Fund and affect its share price.

 

Concentration Risk. Under normal market conditions, at least 80% of the Fund’s total assets will be invested in companies it believes promote environmental responsibility and sustainability.  While the such companies may exist across several different industries or sectors, to the extent these environmentally responsible or sustainable companies are viewed unfavorably by the market, or if industries where there exist environmentally responsible or sustainable companies, suffer a downturn, it may have a larger impact on the Fund than on a fund that does not concentrate its investments in these types of companies.

 

Environmentally and Socially Responsible Investing Risk.  The Fund’s environmental, social, moral and governance criteria limit the available investments compared to funds with no such criteria.  Under certain economic conditions, this could cause the Fund’s investment performance to be worse or better than similar funds with no such criteria.

 

Preferred Security Risk.  Preferred securities rank lower than bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.   Distributions on some types of these securities may also be skipped or deferred by issuers without causing a default.  Finally, some of these securities typically have special redemption rights that allow the issuer to redeem the security at par earlier than scheduled.

 

Portfolio Selection Risk.  Securities selected by the portfolio managers may not perform to expectations or may decline in value or not increase in value when the stock market in general is rising.  This could result in the Fund’s underperformance compared to other funds.

 

New Technology Risk.  The Fund may consider investments in new technologies intended to produce a clean and sustainable environment.  New technologies may not be cost effective, and the portfolio managers may select a new technology that is not successful.  It is also possible that interest in achieving a clean and sustainable environment may diminish.  The potential advantages of new technologies may be slow in both development and recognition.

 

Political Risk.  Investments in companies with ecological and environmental products are subject to political priorities and changing government regulations and subsidies that may impact the value of their securities.  There are also risks associated with a failure to enforce environmental law.  For example, if the government reduces environmental regulation or its enforcement, companies that produce products designed to provide a clean environment, and in which the Fund invests, are less likely to prosper.

 

Large Cap Company Risk. Large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of smaller companies, especially during extended periods of economic expansion.

 

Mid-Cap and Small-­Cap Risk.  Investing in securities of small and medium-sized companies may involve greater volatility than investing in larger, more established companies.

 

New Fund Risk. The Fund is a new mutual fund and has a limited history of operations.  The Sub-Adviser has not previously managed a mutual fund.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results. 

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.  The value of derivatives may be volatile and that volatility may be exacerbated by the use of leverage, which is common for derivative strategies.  Derivatives may be illiquid.  The Fund may not be able to enter into, or terminate, a derivatives position when desired.  Derivatives are also subject to mispricing and improper valuation, and may increase the taxes payable by shareholders.

Risk Lose Money [Text] rr_RiskLoseMoney As with any investment in a mutual fund, investing in the Fund involves risk.  Therefore, it is possible to lose all or a portion of your investment in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

-Epiphany FFV Global Ecologic Fund | Class N
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.50% [1]
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.06% [1],[2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.61% [1]
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [12]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 159
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 503
Dana Large Cap Core Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Dana Large Cap Core Fund seeks long-term growth of capital.

Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

These tables describe 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional and in the "Investing in The Fund" section on page 10 of the Fund's prospectus and in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 54%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 54.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in a Fund for the time periods indicated, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Dana Large Cap Core Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by Dana Investment Advisors, Inc., the Fund's investment sub-adviser (the “Sub-Adviser”) since 1999. Prior to March 1, 2011, the Fund was known as the Epiphany Large Cap Core Fund.  The Fund remains a part of the Epiphany Funds Trust.

 

The Sub-Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies, based on market capitalization, listed on domestic securities exchanges. Under normal circumstances, at least 80% of the Fund's assets will be invested in large cap equity securities, which the Sub-Adviser defines as companies having a market capitalization of over $5 billion at the time of purchase.  While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).  The Fund portfolio is designed to resemble the broad market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.

 

The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company's fundamentals are no longer compatible with the Fund's objectives or when other securities offer a more attractive investment opportunity.

 

In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sector Risk.  The Fund’s portfolio may be over-weighted in certain sectors such as technology, consumer cyclicals or energy; therefore any negative development affecting those sectors will have a greater impact on the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Dana Large Cap Core Fund by showing the performance of its Class A shares for each full calendar year of performance since incorporation, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  The Class A sales load and account fees are not reflected in the bar chart and if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-320-2185
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Bar Chart [Heading] rr_BarChartHeading

Class A Shares

(as of December 31)

Annual Return 2011 rr_AnnualReturn2011 0.28%
Annual Return 2012 rr_AnnualReturn2012 14.31%
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

During the period shown in the bar chart for Class A shares, the highest return for a quarter was 13.31% (quarter ended March 30, 2012) and the lowest return for a quarter was (3.21)% (quarter ended June 30, 2012).

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 30, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.31%
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns (for the period ended December 31, 2012)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rate
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

After-tax returns are calculated using the historical highest individual federal marginal income tax rate, and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on the investor’s tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.  After tax returns are only shown for Class A Shares and after tax returns for Class C Shares, which are not presented, will vary. Updated performance information is available by calling 1-800-320-2185.

Dana Large Cap Core Fund | - Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.00%
Since Inception rr_AverageAnnualReturnSinceInception 13.47% [16]
Dana Large Cap Core Fund | Dana Large Cap Core Fund Class A shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.00%
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 11.27%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.28%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.77%) [6]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 1.51%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 646
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,107
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,593
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,928
1 Year rr_AverageAnnualReturnYear01 8.60%
Since Inception rr_AverageAnnualReturnSinceInception 13.82% [16]
Dana Large Cap Core Fund | Dana Large Cap Core Fund Class A shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 7.90%
Since Inception rr_AverageAnnualReturnSinceInception 13.20% [16]
Dana Large Cap Core Fund | Dana Large Cap Core Fund Class A shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.90%
Since Inception rr_AverageAnnualReturnSinceInception 11.55% [16]
Dana Large Cap Core Fund | Dana Large Cap Core Fund Class C shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 11.22%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.98%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.72%) [6]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 2.26%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 229
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 854
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,504
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,248
1 Year rr_AverageAnnualReturnYear01 14.30%
Since Inception rr_AverageAnnualReturnSinceInception 16.43% [16]
-Dana Large Cap Core Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Dana Large Cap Core Fund seeks long-term growth of capital.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder fees (paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund operating expenses (expenses deducted from Fund assets)

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 54%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 54.00%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in a Fund for the time periods indicated, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Investment Strategy

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Dana Large Cap Core Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by Dana Investment Advisors, Inc., the Fund's investment sub-adviser (the “Sub-Adviser”) since 1999.  Prior to March 1, 2011, the Fund was known as the Epiphany Large Cap Core Fund.  The Fund remains a part of the Epiphany Funds trust.

 

The Sub-Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies, based on market capitalization, listed on domestic securities exchanges. Under normal circumstances, at least 80% of the Fund's assets will be invested in large cap equity securities, which the Sub-Adviser defines as companies having a market capitalization of over $5 billion at the time of purchase.  While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).  The Fund portfolio is designed to resemble the broad market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.

 

The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company's fundamentals are no longer compatible with the Fund's objectives or when other securities offer a more attractive investment opportunity.

 

In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.

Risk [Heading] rr_RiskHeading

Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sector Risk.  The Fund’s portfolio may be over-weighted in certain sectors such as technology, consumer cyclicals or energy; therefore any negative development affecting those sectors will have a greater impact on the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money. 
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Dana Large Cap Core Fund by showing the performance of its Class N shares over the last year, and by showing how its average annual returns compare over time with those of a broad measure of market performance.  The sales load and account fees are not reflected in the chart and that, if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-320-2185
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture

How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Bar Chart [Heading] rr_BarChartHeading

CLASS N SHARES

(as of December 31)

Annual Return 2011 rr_AnnualReturn2011 0.23%
Annual Return 2012 rr_AnnualReturn2012 14.45%
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

During the period shown in the bar chart, the highest return for a quarter was 13.29% (quarter ended March 31, 2012) and the lowest return for a quarter was (3.20)% (quarter ended June 30, 2012).

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.29%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest return for a quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2012
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (3.20%)
Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns (for the period ended December 31, 2012)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.

-Dana Large Cap Core Fund | - Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.00%
Since Inception rr_AverageAnnualReturnSinceInception 11.78% [18]
-Dana Large Cap Core Fund | Dana Large Cap Core Fund Class N shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase){neg} rr_RedemptionFeeOverRedemption (2.00%)
Fee for Redemptions Paid by Wire Transfer rr_ShareholderFeeOther 10
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.30%
Acquired Funds Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.31%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.32%) [8]
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) rr_NetExpensesOverAssets 0.99%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 101
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 595
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,115
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,544
1 Year rr_AverageAnnualReturnYear01 14.45%
Since Inception rr_AverageAnnualReturnSinceInception 13.95% [18]
-Dana Large Cap Core Fund | Dana Large Cap Core Fund Class N shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 13.82%
Since Inception rr_AverageAnnualReturnSinceInception 13.38% [18]
-Dana Large Cap Core Fund | Dana Large Cap Core Fund Class N shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 11.97%
Since Inception rr_AverageAnnualReturnSinceInception 11.72% [18]
[1] Because the Fund is a new fund, the "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] Acquired Fund Fees and Expenses are the pro rata portion of the cumulative expenses charged by underlying funds in which the Fund invests. The Fund allocates uninvested cash to a money market fund.
[3] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class A shares and 2.25% of the average daily net assets of Class C shares for the period through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.
[4] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class N shares for the period through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.
[5] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.25% of the average daily net assets for Class A shares and 2.00% of the average daily net assets of the Class C shares, through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.
[6] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% and 2.25% of the average daily net assets for Class A and C shares, respectively, through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.
[7] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.25% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.
[8] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 0.98% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.
[9] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.75% of the average daily net assets for Class A shares and 2.50% of the average daily net assets for Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.
[10] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.75% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.
[11] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class A shares and 2.25% of the average daily net assets for Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.
[12] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.
[13] The Epiphany FFV Fund's Class A and C Inception Date is March 19, 2008.
[14] The Epiphany FFV Fund's Class N Inception Date is January 8, 2007.
[15] The Epiphany FFV Strategic Income Fund Class A and C Inception Date is July 28, 2010.
[16] The Dana Large Cap Core Fund Class A and C Shares Inception Date is March 19, 2008.
[17] The Epiphany FFV Strategic Income Fund Class N Inception Date is March 1, 2010.
[18] The Dana Large Cap Core Fund Class N Shares Inception Date is March 1, 2010.
XML 15 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Epiphany FFV Fund

Investment Objective

The Epiphany FFV Fund seeks long-term growth of capital.

Fees and Expenses

These tables describe the fees and expenses that you may pay if you buy and hold Class A or Class C 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional and in the "Investing with Epiphany" section on page 39 of the Fund's prospectus and in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder fees (paid directly from your investment)

Shareholder Fees Epiphany FFV Fund (USD $)
Epiphany FFV Fund Class A shares
Epiphany FFV Fund Class C shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) 5.00% none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends none none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00% 2.00%
Fee for Redemptions Paid by Wire Transfer 10 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses Epiphany FFV Fund
Epiphany FFV Fund Class A shares
Epiphany FFV Fund Class C shares
Management Fees 0.75% 0.75%
Distribution (12b-1) Fees 0.25% 1.00%
Other Expenses 1.38% 1.40%
Total Annual Fund Operating Expenses 2.38% 3.15%
Fee Waiver and/or Expense Reimbursement [1] (0.88%) (0.90%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.50% 2.25%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class A shares and 2.25% of the average daily net assets of Class C shares for the period through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.

Example

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Epiphany FFV Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Epiphany FFV Fund Class A shares
645 1,125 1,631 3,017
Epiphany FFV Fund Class C shares
228 887 1,571 3,395
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000015061Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance.  During the most recent fiscal year, the Fund portfolio turnover rate was 47%.

Principal Investment Strategy

The Epiphany FFV Fund seeks to achieve its objective by investing in the equity securities of companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC (the "Adviser").  FFV refers to Faith and Family Values and represents the underlying theme of the social screening. The starting universe used to select equity securities is the largest 1000 stocks, based on market capitalization, listed on domestic U.S. securities markets.  While the Fund selects stocks from the 1000 largest companies, the Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).  The FFV Scorecard is then applied to the eligible securities.  Application of the FFV Scorecard is based on information known about the company by the Adviser or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board. The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.  According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

 

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment on their record on human rights, environment and corporate governance, both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

From these eligible securities, the portfolio managers apply economic criteria to select up to 100 equity securities for the Fund's portfolio.  The portfolio holdings are equally weighted and rebalanced quarterly.  The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the FFV Scorecard. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security. Accordingly, the Fund may hold some securities that do not conform to the Adviser’s screening process.  The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.  In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.  The underlying securities of these other equities will not be subject to the FFV Scorecard.

Principal Risks

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

Performance

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Fund by showing the performance of its Class A shares for each full calendar year since the Fund’s inception, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  The Class A sales load and account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Class A Shares

(as of December 31)

Bar Chart

During the period shown in the bar chart, the highest return for a quarter was 16.94% (quarter ended June 30, 2009) and the lowest return for a quarter was (16.20)% (quarter ended September 30, 2011).

Average Annual Total Returns (for the period ended December 31, 2012)

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.  After tax returns are only shown for Class A shares and after tax returns for Class C shares will vary.

Average Annual Total Returns Epiphany FFV Fund
1 Year
Since Inception
- Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
16.00% 2.58% [1]
Epiphany FFV Fund Class A shares
8.56% 3.36% [1]
Epiphany FFV Fund Class A shares Return After Taxes on Distributions
7.86% 3.01% [1]
Epiphany FFV Fund Class A shares Return After Taxes on Distributions and Sale of Fund Shares
7.00% 2.69% [1]
Epiphany FFV Fund Class C shares
13.42% 2.83% [1]
[1] The Epiphany FFV Fund's Class A and C Inception Date is March 19, 2008.
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000015061Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
-Epiphany FFV Fund

Investment Objective

The Epiphany FFV Fund seeks long-term growth of capital.

Fees and Expenses

These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees (paid directly from your investment)

Shareholder Fees (USD $)
-Epiphany FFV Fund
Epiphany FFV Fund Class N shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none
Maximum Sales Charge (Load) on Reinvested Dividends none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00%
Fee for Redemptions Paid by Wire Transfer 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses
-Epiphany FFV Fund
Epiphany FFV Fund Class N shares
Management Fees 0.75%
Distribution (12b-1) Fees 0.25%
Other Expenses 1.43%
Total Annual Fund Operating Expenses 2.43%
Fee Waiver and/or Expense Reimbursement [1] (0.93%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.50%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class N shares for the period through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.

Example

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
-Epiphany FFV Fund Epiphany FFV Fund Class N shares
153 669 1,212 2,696
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000015062Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance.  During the most recent fiscal year, the Fund portfolio turnover rate was 47%.

Principal Investment Strategy

The Epiphany FFV Fund seeks to achieve its objective by investing in the equity securities of companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC (the "Adviser").  FFV refers to Faith and Family Values and represents the underlying theme of the social screening. The starting universe used to select equity securities is the largest 1000 stocks, based on market capitalization, listed on domestic U.S. securities markets. While the Fund selects stocks from the 1000 largest companies, the Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).   The FFV Scorecard is then applied to the eligible securities.  Application of the FFV Scorecard is based on information known about the company by the Adviser or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board.  The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.  

 

According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

 

From these eligible securities, the portfolio managers apply economic criteria to select up to 100 equity securities for the Fund's portfolio.  The portfolio holdings are rebalanced quarterly.  The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the FFV Scorecard.  The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.  Accordingly, the Fund may hold securities that do not conform to the Adviser’s Screening process.  The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.  In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.  The underlying securities of these other equities will not be subject to the FFV Scorecard.

Principal Risks

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk. The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

Performance

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Fund by showing the performance of its Class N shares for each full calendar year since the Fund’s inception, and by showing how its average annual returns compare over time with those of a broad measure of market performance.  The sales load and account fees are not reflected in the chart and that, if they were, returns would be less than those shown. How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Class N Shares

(as of December 31)

Bar Chart

During the period shown in the bar chart, the highest return for a quarter was 11.75% (quarter ended March 31, 2012) and the lowest return for a quarter was (22.41)% (quarter ended December 31, 2008).

Average Annual Total Returns (for the period ended December 31, 2012)

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.

Average Annual Total Returns -Epiphany FFV Fund
1 Year
5 Years
Since Inception
- Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
16.00% 1.66% 11.61% [1]
Epiphany FFV Fund Class N shares
14.22% 2.74% 1.66% [1]
Epiphany FFV Fund Class N shares Return After Taxes on Distributions
13.43% 2.40% 1.25% [1]
Epiphany FFV Fund Class N shares Return After Taxes on Distributions and Sale of Fund Shares
11.77% 2.16% 1.19% [1]
[1] The Epiphany FFV Fund's Class N Inception Date is January 8, 2007.
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000015062Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
Epiphany FFV Strategic Income Fund

Investment Objective

The Epiphany FFV Strategic Income Fund seeks income.

Fees and Expenses

These tables describe 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional in the "Investing with Epiphany" section on page 39 of the Fund's prospectus and on in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder fees (paid directly from your investment)

Shareholder Fees Epiphany FFV Strategic Income Fund (USD $)
Epiphany FFV Strategic Income Fund Class A shares
Epiphany FFV Strategic Income Fund Class C shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) 5.00% none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends none none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00% 2.00%
Fee for Redemptions Paid by Wire Transfer 10 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses Epiphany FFV Strategic Income Fund
Epiphany FFV Strategic Income Fund Class A shares
Epiphany FFV Strategic Income Fund Class C shares
Management Fees 0.50% 0.50%
Distribution (12b-1) Fees 0.25% 1.00%
Other Expenses 1.41% 1.42%
Acquired Funds Fees and Expenses 0.06% 0.06%
Total Annual Fund Operating Expenses 2.22% 2.98%
Fee Waiver and/or Expense Reimbursement [1] (0.91%) (0.92%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.31% 2.06%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.25% of the average daily net assets for Class A shares and 2.00% of the average daily net assets of the Class C shares, through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.

Example

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Epiphany FFV Strategic Income Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Epiphany FFV Strategic Income Fund Class A shares
627 1,076 1,551 2,859
Epiphany FFV Strategic Income Fund Class C shares
209 835 1,487 3,234
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000027960Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 56%.

Principal Investment Strategy

The Epiphany FFV Strategic Income Fund seeks to achieve its investment objective through investment in any income-producing securities issued by companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC.   FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Income-producing securities may include corporate bonds, preferred stocks, convertible stocks and investment companies (including open-end funds or exchange traded funds) that may invest in income-producing securities, or in the case of exchange traded funds, track a fixed income index.  The Fund may also invest in inverse ETFs for hedging purposes.  Inverse ETFs are designed to provide positive return from a decline in the ETF's underlying benchmark.  These investments will be short term in nature.  In the case of corporate bonds, preferred stocks and convertible stocks, the FFV Scorecard is then applied to the eligible securities.  The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church. Application of the FFV Scorecard is based on information known about the company by the advisor or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board. Then the Fund's sub-adviser, Dana Investment Advisors, Inc. (the “Sub-Adviser”), uses a disciplined, risk-controlled investment process to select the Fund's holdings.

 

According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations in the past 2 calendar years;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance, both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

 

Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser and Sub-Adviser who may opt to hold the security based on the security's anticipated level of income or as a means to defer or eliminate costs associated with the sale of the security. Accordingly the Fund may hold some securities that do not conform to the Adviser’s screening process.  The portfolio managers may also sell a security when the portfolio managers determine that the creditworthiness is no longer consistent with the portfolio manager's risk tolerance or if other eligible securities offer a more attractive investment opportunity.  The Fund may hold cash in addition to the income-producing securities, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.

 

The Fund’s Sub-Adviser employs a relative-value approach to identify securities in the marketplace with the following characteristics, although not all of the securities selected will have these attributes:

 

·     Discounted price to potential market value

·     Improving credit profiles yet unrecognized by the market

·     Yield advantage relative to its benchmark

 

The Sub-Adviser invests in securities that offer a positive yield advantage over the market and, in its view, have room to increase in price. The Sub-Adviser may also invest to take advantage of what it believes are temporary disparities in the yield of different segments of the market for securities.

 

Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including high-yield high risk or junk bonds) with a focus on U.S. corporate bonds, government bonds, agency bonds, adjustable and fixed rate mortgage bonds, municipal bonds, convertible securities, and debt instruments issued by foreign governments, including those in emerging markets.  The Fund may invest up to 35% of its assets in preferred stocks and dividend-paying common stocks.  The fixed income investments may be of any maturity or credit quality.  In addition to income-producing securities, from time to time the Fund may purchase other securities such as real estate investment trusts ("REITs"), publicly traded partnerships, mainly as an alternative to holding cash prior to investment.  These other equity securities will not be subject to the FFV Scorecard.  The Sub-Adviser may shift the Fund’s assets among various types of income-producing securities based upon changing market conditions.

Principal Risks

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Convertible Security Risk.  The market value of convertible securities and other debt securities tends to fall when prevailing interest rates rise.  The value of convertible securities also tends to change whenever the market value of the underlying common or preferred stock fluctuates.

 

Credit Risk.  The issuer of a fixed income security may not be able to make interest and principal payments when due.  Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation, which could result in a loss to the Fund.

 

Derivatives Risk.  The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk.  Countries with emerging markets may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Investing Risk.  Foreign investing involves risks not typically associated with U.S. investments.  These risks include, among others, adverse fluctuations in foreign currency values as well as adverse political, social and economic developments affecting a foreign country. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws, and potential difficulties in enforcing contractual obligations.    Owning foreign securities could cause the Fund’s performance to fluctuate more than if it held only U.S. securities.

 

Government Risk.  The U.S. government’s guarantee of ultimate payment of principal and timely payment of interest on certain U. S. government securities owned by the Fund does not imply that the Fund’s shares are guaranteed or that the price of the Fund’s shares will not fluctuate.

 

High Yield Securities Risk.  The Fund may invest in high yield securities, also known as "junk bonds."  High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.  High yield securities are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal in accordance with the terms of the obligation.  The market for high yield securities is generally less active than the market for higher quality securities.  This may limit the ability of the Fund to sell high yield securities.

 

Interest Rate Risk.  The Fund's share price and total return will vary in response to changes in interest rates.  If rates increase, the value of the Fund's investments generally will decline, as will the value of your investment in the Fund.

 

Inverse ETF Risk.  Inverse or “short” ETFs seek to deliver returns that are opposite of the return of a benchmark (e.g., if the benchmark goes up by 1%, the ETF will go down by 1%), typically using a combination of derivative strategies.  Inverse ETFs contain all of the risks that regular ETFs present.  Because inverse ETFs typically seek to obtain their objective on a daily basis, holding inverse ETFs for longer than a day may produce unexpected results particularly when the benchmark index experiences large ups and downs. Inverse ETFs may also be leveraged.  Inverse ETFs contain all of the risks that regular ETFs present.

 

Investment Style Risk.  The Adviser’s or Sub-Adviser's judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s or Sub-Adviser's judgment will produce the desired results.

 

Liquidity Risk.  Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.  Many high yield high risk fixed income securities may be illiquid at times.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Moral Investing Risk.  The Adviser and Sub-Adviser invests in securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Preferred Stocks Risk.  Dividends on preferred stocks are generally payable at the discretion of issuer’s board of directors and Fund shareholders may lose money if dividends are not paid. Preferred stock prices may fall if interest rates rise or the issuer’s creditworthiness becomes impaired.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sovereign Obligation Risk.  The Fund may invest in sovereign debt obligations.  Investment in sovereign debt obligations involves special risks not present in corporate debt obligations.  The issuer of the sovereign debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default.

Performance

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Strategic Income Fund by showing the performance of its Class A shares for each full calendar year since the Fund’s inception, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  The Class A sales load and account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Class A Shares

(as of December 31)

Bar Chart

During the period shown in the bar chart, the highest return for a quarter was 2.38% (quarter ended March 31, 2012) and lowest return for a quarter was (1.79)% (quarter ended September 30, 2011).

Average Annual Total Returns (for the period ended December 31, 2012)

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.  After tax returns are only shown for Class A shares and after tax returns for Class C shares, which are not presented, will vary. Updated performance information is available by calling 1-800-320-2185.

Average Annual Total Returns Epiphany FFV Strategic Income Fund
1 Year
Since Inception
- Comparison Index - Barclays Capital Intermediate Aggregate Index (reflects no deduction for fees, expenses, or taxes)
0.18% 3.56% [1]
Epiphany FFV Strategic Income Fund Class A shares
0.26% 2.80% [1]
Epiphany FFV Strategic Income Fund Class A shares Return After Taxes on Distributions
(0.73%) 1.78% [1]
Epiphany FFV Strategic Income Fund Class A shares Return After Taxes on Distributions and Sale of Fund Shares
(0.34%) 1.79% [1]
Epiphany FFV Strategic Income Fund Class C shares
4.68% 4.07% [1]
[1] The Epiphany FFV Strategic Income Fund Class A and C Inception Date is July 28, 2010.
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000027960Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
-Epiphany FFV Strategic Income Fund

Investment Objective

The Epiphany FFV Strategic Income Fund seeks income.

Fees and Expenses

These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees (paid directly from your investment)

Shareholder Fees (USD $)
-Epiphany FFV Strategic Income Fund
Epiphany FFV Strategic Income Fund Class N shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none
Maximum Sales Charge (Load) on Reinvested Dividends none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00%
Fee for Redemptions Paid by Wire Transfer 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses
-Epiphany FFV Strategic Income Fund
Epiphany FFV Strategic Income Fund Class N shares
Management Fees 0.50%
Distribution (12b-1) Fees 0.25%
Other Expenses 1.44%
Acquired Funds Fees and Expenses 0.06%
Total Annual Fund Operating Expenses 2.25%
Fee Waiver and/or Expense Reimbursement [1] (0.94%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.31%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.25% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.

Example

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
-Epiphany FFV Strategic Income Fund Epiphany FFV Strategic Income Fund Class N shares
133 613 1,119 2,512
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000027962Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance.  During the most recent fiscal year, the Fund portfolio turnover rate was 56%.

Investment Strategy

The Epiphany FFV Strategic Income Fund seeks to achieve its investment objective through investment in any income-producing securities issued by companies that pass the FFV Scorecard, a proprietary screening methodology developed by Trinity Fiduciary Partners, LLC.  FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Income-producing securities may include corporate bonds, preferred stocks, convertible stocks and investment companies (including open-end funds, or exchange traded funds) that may invest in income-producing securities, or in the case of exchange traded funds, track a fixed income index.  The Fund may also invest in inverse ETFs for hedging purposes.  Inverse ETFs are designed to provide positive return from a decline in the ETF's underlying benchmark.  These investments will be short term in nature.  In the case of corporate bonds, preferred stocks and convertible stocks, the FFV Scorecard is then applied to the eligible securities.  The FFV Scorecard is based on the moral and social justice teachings of the Catholic Church.  Application of the FFV Scorecard is based on information known about the company by the advisor or gleaned from third parties that compile and publish such data.  The screening criteria are reviewed from time to time by Trinity’s Advisory Board.  Then the Fund's sub-adviser, Dana Investment Advisors, Inc. (the “Sub-Adviser”), uses a disciplined, risk-controlled investment process to select the Fund's holdings.

 

According to the FFV Scorecard, companies will generally be excluded from the Fund that are known to:

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Have received significant fines or legal judgments relating to employee discrimination or human rights abuses, employee health or safety or environmental violations;

·     Produce pornographic media content;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

·     Use company assets to advocate for or against any of the issues listed above.

·     Eligible companies are further evaluated using an assessment of their record on human rights, environment and corporate governance both positive and negative, as part of the investment process.  Generally, the FFV Scorecard™ is designed to measure a company’s impact on people, community, and the market.

 

Whether to hold or sell a security in the Fund that no longer passes the FFV Scorecard is at the discretion of the Adviser and Sub-Adviser who may opt to hold the security based on the security's anticipated level of income or as a means to defer or eliminate costs associated with the sale of the security.  Accordingly, the Fund may hold some securities that do not conform to the Adviser’s screening process.  The portfolio managers may also sell a security when the portfolio managers determine that the creditworthiness is no longer consistent with the portfolio manager's risk tolerance or if other eligible securities offer a more attractive investment opportunity.  The Fund may hold cash in addition to the income-producing securities, primarily as a means to pay redemption requests.  Otherwise, the Fund intends to remain fully invested.

 

The Fund’s Sub-Adviser employs a relative-value approach to identify securities in the marketplace with the following characteristics, although not all of the securities selected will have these attributes:

 

·     Discounted price to potential market value

·     Improving credit profiles yet unrecognized by the market

·     Yield advantage relative to its benchmark

 

The Sub-Adviser invests in securities that offer a positive yield advantage over the market and, in its view, have room to increase in price. The Sub-Adviser may also invest to take advantage of what it believes are temporary disparities in the yield of different segments of the market for securities.

 

Under normal market conditions, the Fund will invest substantially all of its assets in income producing securities (including high-yield high risk or junk bonds) with a focus on U.S. corporate bonds, government bonds, agency bonds, adjustable and fixed rate mortgage bonds, municipal bonds, convertible securities, and debt instruments issued by foreign governments, including those in emerging markets.  The Fund may invest up to 35% of its assets in preferred stocks and dividend-paying common stocks.  The fixed income investments may be of any maturity or credit quality.  In addition to income-producing securities, from time to time the Fund may purchase other securities such as real estate investment trusts ("REITs"), publicly traded partnerships, mainly as an alternative to holding cash prior to investment.  These other equity securities will not be subject to the FFV Scorecard.  The Sub-Adviser may shift the Fund’s assets among various types of income-producing securities based upon changing market conditions.

Principal Risks

Because the securities the Fund holds fluctuate in price, the value of your investment in the Funds will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Convertible Security Risk.  The market value of convertible securities and other debt securities tends to fall when prevailing interest rates rise.  The value of convertible securities also tends to change whenever the market value of the underlying common or preferred stock fluctuates.

 

Credit Risk. The issuer of a fixed income security may not be able to make interest and principal payments when due.  Generally, the lower the credit rating of a security, the greater the risk that the issuer will default on its obligation, which could result in a loss to the Fund.

 

Derivatives Risk.  The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk. Countries with emerging markets may have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Investing Risk.  Foreign investing involves risks not typically associated with U.S. investments.  These risks include, among others, adverse fluctuations in foreign currency values as well as adverse political, social and economic developments affecting a foreign country. Investments in foreign countries could be affected by factors not present in the U.S., such as restrictions on receiving the investment proceeds from a foreign country, foreign tax laws, and potential difficulties in enforcing contractual obligations.    Owning foreign securities could cause the Fund’s performance to fluctuate more than if it held only U.S. securities.

 

Government Risk. The U.S. government’s guarantee of ultimate payment of principal and timely payment of interest on certain U. S. government securities owned by the Fund does not imply that the Fund’s shares are guaranteed or that the price of the Fund’s shares will not fluctuate.

 

High Yield Securities Risk.  The Fund may invest in high yield securities, also known as "junk bonds."  High yield securities provide greater income and opportunity for gain, but entail greater risk of loss of principal.  High yield securities are predominantly speculative with respect to the issuer's capacity to pay interest and repay principal in accordance with the terms of the obligation.  The market for high yield securities is generally less active than the market for higher quality securities.  This may limit the ability of the Fund to sell high yield securities.

 

Interest Rate Risk. The Fund's share price and total return will vary in response to changes in interest rates.  If rates increase, the value of the Fund's investments generally will decline, as will the value of your investment in the Fund.

 

Inverse ETF Risk.  Inverse or “short” ETFs seek to deliver returns that are opposite of the return of a benchmark (e.g., if the benchmark goes up by 1%, the ETF will go down by 1%), typically using a combination of derivative strategies.  Inverse ETFs contain all of the risks that regular ETFs present.  Because inverse ETFs typically seek to obtain their objective on a daily basis, holding inverse ETFs for longer than a day may produce unexpected results particularly when the benchmark index experiences large ups and downs. Inverse ETFs may also be leveraged.  Inverse ETFs contain all of the risks that regular ETFs present.

 

Investment Style Risk.  The Adviser’s or Sub-Adviser's judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s or Sub-Adviser's judgment will produce the desired results.

 

Liquidity Risk. Liquidity risk exists when particular investments of the Fund would be difficult to purchase or sell, possibly preventing the Fund from selling such illiquid securities at an advantageous time or price.  Many high yield, high risk fixed income securities may be illiquid at times.

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Moral Investing Risk. The Adviser and Sub-Adviser invests in securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Preferred Stocks Risk.  Dividends on preferred stocks are generally payable at the discretion of issuer’s board of directors and Fund shareholders may lose money if dividends are not paid. Preferred stock prices may fall if interest rates rise or the issuer’s creditworthiness becomes impaired.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sovereign Obligation Risk.  The Fund may invest in sovereign debt obligations.  Investment in sovereign debt obligations involves special risks not present in corporate debt obligations.  The issuer of the sovereign debt or the governmental authorities that control the repayment of the debt may be unable or unwilling to repay principal or interest when due, and the Fund may have limited recourse in the event of a default.

Performance

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Epiphany FFV Strategic Income Fund by showing the performance of its Class N shares for each full calendar year since the Fund’s inception, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  Account fees are not reflected in the bar chart and that, if they were, returns would be less than those shown. How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Class N Shares

(as of December 31)

Bar Chart

During the period shown in the bar chart, the highest return for a quarter was 2.42% (quarter ended March 31, 2012) and lowest return for a quarter was (1.86)% (quarter ended September 30, 2011).

Average Annual Total Returns (for the period ended December 31, 2012)

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.

Average Annual Total Returns -Epiphany FFV Strategic Income Fund
1 Year
Since Inception
- Comparison Index - Barclays Capital Intermediate Aggregate Index (reflects no deduction for fees, expenses or taxes)
0.18% 3.56% [1]
Epiphany FFV Strategic Income Fund Class N shares
5.49% 4.83% [1]
Epiphany FFV Strategic Income Fund Class N shares Return After Taxes on Distributions
4.39% 3.68% [1]
Epiphany FFV Strategic Income Fund Class N shares Return After Taxes on Distributions and Sale of Fund Shares
4.04% 3.45% [1]
[1] The Epiphany FFV Strategic Income Fund Class N Inception Date is March 1, 2010.
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Epiphany FFV Latin America Fund

Investment Objective

The Epiphany FFV Latin America Fund seeks long term growth of capital.

Fees and Expenses

The tables describe 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional and in the "Investing with Epiphany" section on page 39 of the Fund's prospectus and in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder fees (paid directly from your investment)

Shareholder Fees Epiphany FFV Latin America Fund (USD $)
Epiphany FFV Latin America Fund Class A shares
Epiphany FFV Latin America Fund Class C shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) 5.00% none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends none none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00% 2.00%
Fee for Redemptions Paid by Wire Transfer 10 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses Epiphany FFV Latin America Fund
Epiphany FFV Latin America Fund Class A shares
Epiphany FFV Latin America Fund Class C shares
Management Fees 1.00% 1.00%
Distribution (12b-1) Fees 0.25% 1.00%
Other Expenses 9.25% 10.71%
Acquired Funds Fees and Expenses 0.05% 0.05%
Total Annual Fund Operating Expenses 10.55% 12.76%
Fee Waiver and/or Expense Reimbursement [1] (8.75%) (10.21%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.80% 2.55%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.75% of the average daily net assets for Class A shares and 2.50% of the average daily net assets for Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.

Example

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Epiphany FFV Latin America Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Epiphany FFV Latin America Fund Class A shares
674 2,629 4,374 7,955
Epiphany FFV Latin America Fund Class C shares
258 2,674 4,729 8,624
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000036397Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the period from commencement of operations through October 31, 2012, the Fund portfolio turnover rate was 3%.

Principal Investment Strategy

The Epiphany FFV Latin America Fund invests, under normal circumstances, at least 80% of its assets, in equity securities of Latin American companies that pass the Socially Responsible Investment Screens, an exclusionary screening practice used by Trinity Fiduciary Partners, LLC (the "Adviser").  FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Trinity Fiduciary Partners, LLC (the “Adviser”) defines a Latin American company as one that derives 50% of its income, profits or assets in Latin America, including Mexico, Central and South America.

 

The Socially Responsible Investment Screens are applied to countries and potential securities before any investment is initiated. Application of the exclusionary screening is based on information known about the company by the Adviser or gleaned by third parties that compile and publish such data. The screening is consistent with the USCCB (U.S. Conference of Catholic Bishops) Socially Responsible Investment Guidelines.

 

A country will generally be excluded from the Fund if it falls under the following categories:

 

·     Government is not a Democracy;

·     Lacks economic freedom, i.e. not a free market economy;

·     Lacks consistent foreign investment rules;

·     Has not adopted or does not enforce customary labor laws and/or appropriate labor policies.

 

According to Socially Responsible Investment Screens, a company will generally be excluded from the Fund that is known to:

 

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Produce pornographic media content, or contributes to sexually explicit internet operations or retail sales; or

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines.

 

From these eligible securities, the portfolio managers apply economic and investment criteria to select up to 70 equity securities for the Fund's portfolio that are consistent with the Fund’s investment objective and its 80% investment policy. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by Socially Responsible Investment Screens. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the exclusionary screening is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company, or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests. Otherwise, the Fund intends to remain fully invested. In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment or to create desired country exposures.  The Fund may also invest a percentage of its assets in derivatives, such as future and options contracts. The underlying securities of these other equities will not be subject to the Socially Responsible Screen.

 

Eligible securities include shares listed on the major U.S. exchanges as well as American Depository Receipts (ADRs). When a U.S.-listed security or ADR is not available for a company, the Fund may purchase ordinary shares through the company’s domestic exchange. The Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).

 

Portfolio construction for the Fund is designed to minimize risk and produce an extensively diversified portfolio. In order to accomplish Latin American diversification, assets will be selected in conjunction to their respective countries of domicile.  The Fund will only invest in countries that first pass the exclusion screening.  The Fund will generally not invest in a company whose corporate headquarters is located in any country that is not a democracy.  Socially responsible countries will then be weighted based on extensive research on numerous political and economic factors.

 

Individual securities will be selected based on a bottom-up process to correlate with the respective weights given to the chosen countries of domicile. Factors including valuation, financial ratios, historical and forecasted growth, liquidity, capital structure and balance sheet strength, corporate governance, earnings estimates and analysts’ recommendations, among others will be evaluated.

 

Analysis will be performed using both internal and external research, supplemented with information gathered through the relationships built by one of the portfolio managers in his 35 years of Latin American business and investing experience.  The Fund will seek out the most attractive investment opportunities within each country while taking into consideration sector allocations that best represent the region.  The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the Socially Responsible Investment Screens.  The Fund may also sell a security when the portfolio manager determines that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the Socially Responsible Investment Screens is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.

Principal Risks

Because the securities the Fund holds will fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Currency Risk.  Because the Fund’s NAV is determined in U.S. dollars, the Fund’s NAV could decline if the currency of the Non-U.S. market in which the Fund invests depreciates against the U.S. dollar.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk.  The risks of foreign investing are heightened for securities of companies in emerging market countries. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to all of the risks of investing in foreign developed markets, emerging market securities are susceptible to illiquid trading markets, governmental interference, and restrictions on gaining access to sales proceeds.

 

Equity Securities Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds"), as an alternative to holding cash before investment or as a way to hedge risk.  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Exposure Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

 

Issuer Risk. The performance of the Fund depends on the performance of individual companies in which the Fund invests. Any issuer may perform poorly, causing the value of its securities to decline. Poor performance may be caused by poor management decisions, competitive pressures, disruptions in supply, labor problems or shortages, corporate restructurings, fraudulent disclosures or other factors. Issuers may, at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Latin America Geographic Risk. Because the Fund concentrates the investments in Latin American companies, the Fund's performance is expected to be closely tied to social, political, and economic conditions within Latin America and to be more volatile than the performance of more geographically diversified funds.  These specific risks include domestic instability, lack of sufficient infrastructure and internal political disputes resulting in inefficient government.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Funds may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Valuation Risk. Because non-US exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund’s portfolio may change on days when shareholders will not be able to purchase or sell the Fund’s shares.

Performance

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

-Epiphany FFV Latin America Fund

Investment Objective

The Epiphany FFV Latin America Fund seeks long term growth of capital.

Fees and Expenses

The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees (paid directly from your investment)

Shareholder Fees (USD $)
-Epiphany FFV Latin America Fund
Epiphany FFV Latin America Fund Class N shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none
Maximum Sales Charge (Load) on Reinvested Dividends none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00%
Fee for Redemptions Paid by Wire Transfer 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses
-Epiphany FFV Latin America Fund
Epiphany FFV Latin America Fund Class N shares
Management Fees 1.00%
Distribution (12b-1) Fees 0.25%
Other Expenses 10.15%
Acquired Funds Fees and Expenses 0.05%
Total Annual Fund Operating Expenses 11.45%
Fee Waiver and/or Expense Reimbursement [1] (9.65%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.80%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.75% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.

Example

This Example is intended to help you compare the cost 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, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
-Epiphany FFV Latin America Fund Epiphany FFV Latin America Fund Class N shares
183 2,396 4,333 8,183
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000036398Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the period from commencement of operations through October 31, 2012, the Fund portfolio turnover rate was 3%.

Principal Investment Strategy

The Epiphany FFV Latin America Fund invests, under normal circumstances, at least 80% of its assets, in equity securities of Latin American companies that pass the Socially Responsible Investment Screens, an exclusionary screening practice used by Trinity Fiduciary Partners, LLC (the "Adviser"). FFV refers to Faith and Family Values and represents the underlying theme of the social screening.  Trinity Fiduciary Partners, LLC (the “Adviser”) defines a Latin American company as one that derives 50% of its income, profits or assets in Latin America, including Mexico, Central and South America.

 

The Socially Responsible Investment Screens are applied to countries and potential securities before any investment is initiated. Application of the exclusionary screening is based on information known about the company by the Adviser or gleaned by third parties that compile and publish such data. The screening is consistent with the USCCB (U.S. Conference of Catholic Bishops) Socially Responsible Investment Guidelines.

 

A country will generally be excluded from the Fund if it falls under the following categories:

·     Government is not a Democracy;

·     Lacks economic freedom, i.e. not a free market economy;

·     Lacks consistent foreign investment rules;

·     Has not adopted or does not enforce customary labor laws and/or appropriate labor policies.

 

According to Socially Responsible Investment Screens, a company will generally be excluded from the Fund that is known to:

 

·     Directly participate in abortion;

·     Manufacture contraceptives;

·     Engage in scientific research on human fetuses or embryos;

·     Produce pornographic media content, or contributes to sexually explicit internet operations or retail sales ;

·     Manufacture nuclear weapons, biological or chemical weapons, indiscriminate weapons of mass destruction or anti-personnel landmines;

 

From these eligible securities, the portfolio managers apply economic and investment criteria to select up to 70 equity securities for the Fund's portfolio that are consistent with the Fund’s investment objective and its 80% investment policy. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by Socially Responsible Investment Screens. The Fund may also sell a security when the portfolio managers determine that other eligible securities offer a more attractive investment opportunity. Whether to hold or sell a security in the Fund that no longer passes the exclusionary screening is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company, or as a means to defer or eliminate trading costs associated with the sale of the security. The Fund may hold cash in addition to the securities of companies, primarily as a means to pay redemption requests. Otherwise, the Fund intends to remain fully invested. In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment or to create desired country exposures.  The Fund may also invest a percentage of its assets in derivatives, such as future and options contracts. The underlying securities of these other equities will not be subject to the Socially Responsible Screen.

 

Eligible securities include shares listed on the major U.S. exchanges as well as American Depository Receipts (ADRs). When a U.S.-listed security or ADR is not available for a company, the Fund may purchase ordinary shares through the company’s domestic exchange. The Fund may invest in companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).

 

Portfolio construction for the Fund is designed to minimize risk and produce an extensively diversified portfolio. In order to accomplish Latin American diversification, assets will be selected in conjunction to their respective countries of domicile.  The Fund will only invest in countries that first pass the exclusion screening.  The Fund will generally not invest in a company whose corporate headquarters is located in any country that is not a democracy.  Socially responsible countries will then be weighted based on extensive research on numerous political and economic factors.

 

Individual securities will be selected based on a bottom-up process to correlate with the respective weights given to the chosen countries of domicile. Factors including valuation, financial ratios, historical and forecasted growth, liquidity, capital structure and balance sheet strength, corporate governance, earnings estimates and analysts’ recommendations, among others will be evaluated.

 

Analysis will be performed using both internal and external research, supplemented with information gathered through the relationships built by one of the portfolio managers in his 35 years of Latin American business and investing experience.  The Fund will seek out the most attractive investment opportunities within each country while taking into consideration sector allocations that best represent the region. The portfolio managers may, but are not obligated to, sell a security when it no longer passes the criteria established by the Socially Responsible Investment Screens.  The Fund may also sell a security when the portfolio manager determines that other eligible securities offer a more attractive investment opportunity.  Whether to hold or sell a security in the Fund that no longer passes the Socially Responsible Investment Screens is at the discretion of the Adviser who may opt to hold the security based on the security's anticipated appreciation, as a means to effect change in the activities or policies of the company or as a means to defer or eliminate trading costs associated with the sale of the security.

Principal Risks

Because the securities the Fund holds will fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

Currency Risk. Because the Fund’s NAV is determined in U.S. dollars, the Fund’s NAV could decline if the currency of the Non-U.S. market in which the Fund invests depreciates against the U.S. dollar.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts, to pursue its investment objective. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.

 

Emerging Markets Risk.  The risks of foreign investing are heightened for securities of companies in emerging market countries. Emerging market countries tend to have economic structures that are less diverse and mature, and political systems that are less stable, than those of developed countries. In addition to all of the risks of investing in foreign developed markets, emerging market securities are susceptible to illiquid trading markets, governmental interference, and restrictions on gaining access to sales proceeds.

 

Equity Securities Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds"), as an alternative to holding cash before investment or as a way to hedge risk.  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Foreign Exposure Risk. Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, market, or economic developments and can perform differently from the U.S. market.

 

Issuer Risk. The performance of the Fund depends on the performance of individual companies in which the Fund invests. Any issuer may perform poorly, causing the value of its securities to decline. Poor performance may be caused by poor management decisions, competitive pressures, disruptions in supply, labor problems or shortages, corporate restructurings, fraudulent disclosures or other factors. Issuers may, at their own discretion, decide to reduce or eliminate dividends, which may also cause their stock prices to decline.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Latin America Geographic Risk. Because the Fund concentrates the investments in Latin American companies, the Fund's performance is expected to be closely tied to social, political, and economic conditions within Latin America and to be more volatile than the performance of more geographically diversified funds.  These specific risks include domestic instability, lack of sufficient infrastructure and internal political disputes resulting in inefficient government.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

Moral Investing Risk. The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

REIT Risk.  The Funds may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Valuation Risk. Because non-US exchanges may be open on days when the Fund does not price its shares, the value of the securities in the Fund’s portfolio may change on days when shareholders will not be able to purchase or sell the Fund’s shares.

Performance

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

Epiphany FFV Global Ecologic Fund

Investment Objective

The Epiphany FFV Global Ecologic Fund (the “Fund”) seeks long term growth of capital.

Fees and Expenses

The tables below describe 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 Epiphany family of funds.  More information about these and other discounts is available from your financial professional and in the “Investing with Epiphany” section on page 39 of the Fund’s prospectus and in the “Sales Charges” section of the Fund’s Statement of Additional Information.

Shareholder fees (fees paid directly from your investment)

Shareholder Fees Epiphany FFV Global Ecologic Fund (USD $)
Class A
Class C
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) 5.00% none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends none none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00% 2.00%
Fee for Redemptions Paid by Wire Transfer 10 10

Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Epiphany FFV Global Ecologic Fund
Class A
Class C
Management Fees 0.80% 0.80%
Distribution (12b-1) Fees 0.25% 1.00%
Other Expenses [1] 0.50% 0.50%
Acquired Funds Fees and Expenses [1][2] 0.06% 0.06%
Total Annual Fund Operating Expenses [1] 1.61% 2.36%
Fee Waiver and/or Expense Reimbursement [3] (0.05%) (0.05%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.56% 2.31%
[1] Because the Fund is a new fund, the "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] Acquired Fund Fees and Expenses are the pro rata portion of the cumulative expenses charged by underlying funds in which the Fund invests. The Fund allocates uninvested cash to a money market fund.
[3] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class A shares and 2.25% of the average daily net assets for Class C shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.

Example

This Example is intended to help you compare the cost 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 at the maximum sales charge, if any, for the time periods indicated, reinvest dividends and distributions, 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 as described in the Fees and Expenses table.  Although actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Epiphany FFV Global Ecologic Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Class A
651 978
Class C
234 732
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000039651Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

The Example does not reflect any sales charges on reinvested dividends and distributions. If any sales charges were included, your costs would be higher.

Portfolio Turnover

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 the Annual Fund Operating Expenses or in the Example, affect the Fund's performance.

Principal Investment Strategy

The Epiphany FFV Global Ecologic Fund seeks to achieve its investment objective by investing in equity securities of companies located anywhere in the world, including common stocks and dividend-paying preferred stocks.  The Fund invests in established U.S. and multinational companies, including American Depository Receipts (“ADRs”).  The Fund will invest, under normal market conditions, in at least three different countries, and invest at least 40% of the Fund’s assets in securities of companies domiciled outside of the U.S.

 

Under normal circumstances, the Fund seeks to encourage environmentally responsible business practices and a cleaner environment by investing substantially all, and in any case, no less than 80%, of its assets in environmentally responsible and sustainable companies.  These are defined as companies that provide goods or services that the Sub-Adviser has determined maintain the ecologic health and viability of the Earth and its human inhabitants or remediate negative ecologic impacts.  Such companies include those providing for the production and distribution of organic food and products, low carbon transportation (rail/bicycles), metals recycling, demand side energy efficiency, smart grid, renewable energy, pollution control, bioremediation, water efficiency, provision, remediation and energy storage.  The Fund invests in approximately 50 equity securities.  The Fund does not invest more than 5% of the total value of the Fund in pure play renewable energy.  The Fund may invest in companies of all sizes, and, under normal circumstances, at least 80% of the Fund’s assets will be in companies with at least $250 million market capitalization.  The companies also must pass the FFV Scorecard, an exclusionary screening tool used by Trinity Fiduciary Partners, LLC (the “Adviser”).  FFV refers to Faith and Family Values and represents the underlying theme of the social and moral screening.

Principal Investment Risks

As with any investment in a mutual fund, investing in the Fund involves risk.  Therefore, it is possible to lose all or a portion of your investment in the Fund.  The following principal risks can affect the value of your investment:

 

Stock Market Risk.  The value of the Fund’s investments will fluctuate as markets fluctuate and could decline over short or long-term periods.  These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Foreign Company and Emerging Markets Risk.  Investing in foreign securities (including depositary receipts traded on U.S. exchanges but representing shares of foreign companies) involves more risks than investing in U.S. securities.  Risks include currency exchange rates between foreign currencies and the U.S. dollar.  The political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.  Lack of transparency or inadequate regulatory and accounting standards, inadequate exchange control regulations, foreign taxes, higher transaction and other costs and delays in settlement also increase risk.  Brokerage commissions and other fees may be higher for foreign securities.  Foreign companies may not be subject to the same disclosure, accounting, auditing and financial reporting standards as U.S. companies.  These risks can increase the potential for losses in the Fund and affect its share price.

 

Concentration Risk.  Under normal market conditions, at least 80% of the Fund’s total assets will be invested in companies it believes promote environmental responsibility and sustainability.  While the such companies may exist across several different industries or sectors, to the extent these environmentally responsible or sustainable companies are viewed unfavorably by the market, or if industries where there exist environmentally responsible or sustainable companies, suffer a downturn, it may have a larger impact on the Fund than on a fund that does not concentrate its investments in these types of companies.

 

Environmentally and Socially Responsible Investing Risk.  The Fund’s environmental, social, moral and governance criteria limit the available investments compared to funds with no such criteria.  Under certain economic conditions, this could cause the Fund’s investment performance to be worse or better than similar funds with no such criteria.

 

Preferred Security Risk.  Preferred securities rank lower than bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.   Distributions on some types of these securities may also be skipped or deferred by issuers without causing a default.  Finally, some of these securities typically have special redemption rights that allow the issuer to redeem the security at par earlier than scheduled.

 

Portfolio Selection Risk.  Securities selected by the portfolio managers may not perform to expectations or may decline in value or not increase in value when the stock market in general is rising.  This could result in the Fund’s underperformance compared to other funds.

 

New Technology Risk.  The Fund may consider investments in new technologies intended to produce a clean and sustainable environment.  New technologies may not be cost effective, and the portfolio managers may select a new technology that is not successful.  It is also possible that interest in achieving a clean and sustainable environment may diminish.  The potential advantages of new technologies may be slow in both development and recognition.

 

Political Risk.  Investments in companies with ecological and environmental products are subject to political priorities and changing government regulations and subsidies that may impact the value of their securities.  There are also risks associated with a failure to enforce environmental law.  For example, if the government reduces environmental regulation or its enforcement, companies that produce products designed to provide a clean environment, and in which the Fund invests, are less likely to prosper.

 

Large Cap Company Risk.  Large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of smaller companies, especially during extended periods of economic expansion.

 

Mid-Cap and Small-Cap Risk.  Investing in securities of small and medium-sized companies may involve greater volatility than investing in larger, more established companies.

 

New Fund Risk.  The Fund is a new mutual fund and has a limited history of operations.  The Sub-Adviser has not previously managed a mutual fund.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.  The value of derivatives may be volatile and that volatility may be exacerbated by the use of leverage, which is common for derivative strategies.  Derivatives may be illiquid.  The Fund may not be able to enter into, or terminate, a derivatives position when desired.  Derivatives are also subject to mispricing and improper valuation, and may increase the taxes payable by shareholders.

Performance

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

-Epiphany FFV Global Ecologic Fund

Investment Objective

The Epiphany FFV Global Ecologic Fund (the “Fund”) seeks long term growth of capital.

Fees and Expenses

The tables below describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees (fees paid directly from your investment)

Shareholder Fees (USD $)
-Epiphany FFV Global Ecologic Fund
Class N
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none
Maximum Sales Charge (Load) on Reinvested Dividends none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00%
Fee for Redemptions Paid by Wire Transfer 10

Annual Fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses
-Epiphany FFV Global Ecologic Fund
Class N
Management Fees 0.80%
Distribution (12b-1) Fees 0.25%
Other Expenses [1] 0.50%
Acquired Funds Fees and Expenses [1][2] 0.06%
Total Annual Fund Operating Expenses [1] 1.61%
Fee Waiver and/or Expense Reimbursement [3] (0.05%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.56%
[1] Because the Fund is a new fund, the "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] Acquired Fund Fees and Expenses are the pro rata portion of the cumulative expenses charged by underlying funds in which the Fund invests. The Fund allocates uninvested cash to a money market fund.
[3] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days' notice to shareholders.

Example

This Example is intended to help you compare the cost 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 at the maximum sales charge, if any, for the time periods indicated, reinvest dividends and distributions, 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 as described in the Fees and Expenses table.  Although actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
-Epiphany FFV Global Ecologic Fund Class N
159 503
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000039652Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

The Example does not reflect any sales charges on reinvested dividends and distributions. If any sales charges were included, your costs would be higher.

Portfolio Turnover

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 the Annual Fund Operating Expenses or in the Example, affect the Fund's performance.

Principal Investment Strategy

The Epiphany FFV Global Ecologic Fund seeks to achieve its investment objective by investing in equity securities of companies located anywhere in the world, including common stocks and dividend-paying preferred stocks.  The Fund invests in established U.S. and multinational companies, including American Depository Receipts (“ADRs”).  The Fund will invest, under normal market conditions, in at least three different countries, and invest at least 40% of the Fund’s assets in securities of companies domiciled outside of the U.S.

 

Under normal circumstances, the Fund seeks to encourage environmentally responsible business practices and a cleaner environment by investing substantially all, and in any case, no less than 80%, of its assets in environmentally responsible and sustainable companies.  These are defined as companies that provide goods or services that the Sub-Adviser has determined maintain the ecologic health and viability of the Earth and its human inhabitants or remediate negative ecologic impacts.  Such companies include those providing for the production and distribution of organic food and products, low carbon transportation (rail/bicycles), metals recycling, demand side energy efficiency, smart grid, renewable energy, pollution control, bioremediation, water efficiency, provision, remediation and energy storage.  The Fund invests in approximately 50 equity securities.  The Fund does not invest more than 5% of the total value of the Fund in pure play renewable energy.  The Fund may invest in companies of all sizes, and, under normal circumstances, at least 80% of the Fund’s assets will be in companies with at least $250 million market capitalization.  The companies also must pass the FFV Scorecard, an exclusionary screening tool used by Trinity Fiduciary Partners, LLC (the “Adviser”).  FFV refers to Faith and Family Values and represents the underlying theme of the social and moral screening.

Principal Investment Risks

As with any investment in a mutual fund, investing in the Fund involves risk.  Therefore, it is possible to lose all or a portion of your investment in the Fund.  The following principal risks can affect the value of your investment:

 

Stock Market Risk.  The value of the Fund’s investments will fluctuate as markets fluctuate and could decline over short or long-term periods.  These fluctuations may cause a security to be worth less than its cost when originally purchased or less than it was worth at an earlier time.

 

Moral Investing Risk.  The Adviser invests in equity securities only if they meet both the Fund’s investment and moral requirements, and as such, the return may be lower than if the Adviser made decisions based solely on investment considerations.

 

Foreign Company and Emerging Markets Risk.  Investing in foreign securities (including depositary receipts traded on U.S. exchanges but representing shares of foreign companies) involves more risks than investing in U.S. securities.  Risks include currency exchange rates between foreign currencies and the U.S. dollar.  The political, economic and social structures of some foreign countries may be less stable and more volatile than those in the U.S.  Lack of transparency or inadequate regulatory and accounting standards, inadequate exchange control regulations, foreign taxes, higher transaction and other costs and delays in settlement also increase risk.  Brokerage commissions and other fees may be higher for foreign securities.  Foreign companies may not be subject to the same disclosure, accounting, auditing and financial reporting standards as U.S. companies.  These risks can increase the potential for losses in the Fund and affect its share price.

 

Concentration Risk. Under normal market conditions, at least 80% of the Fund’s total assets will be invested in companies it believes promote environmental responsibility and sustainability.  While the such companies may exist across several different industries or sectors, to the extent these environmentally responsible or sustainable companies are viewed unfavorably by the market, or if industries where there exist environmentally responsible or sustainable companies, suffer a downturn, it may have a larger impact on the Fund than on a fund that does not concentrate its investments in these types of companies.

 

Environmentally and Socially Responsible Investing Risk.  The Fund’s environmental, social, moral and governance criteria limit the available investments compared to funds with no such criteria.  Under certain economic conditions, this could cause the Fund’s investment performance to be worse or better than similar funds with no such criteria.

 

Preferred Security Risk.  Preferred securities rank lower than bonds and other debt instruments in a company’s capital structure and therefore will be subject to greater credit risk than those debt instruments.   Distributions on some types of these securities may also be skipped or deferred by issuers without causing a default.  Finally, some of these securities typically have special redemption rights that allow the issuer to redeem the security at par earlier than scheduled.

 

Portfolio Selection Risk.  Securities selected by the portfolio managers may not perform to expectations or may decline in value or not increase in value when the stock market in general is rising.  This could result in the Fund’s underperformance compared to other funds.

 

New Technology Risk.  The Fund may consider investments in new technologies intended to produce a clean and sustainable environment.  New technologies may not be cost effective, and the portfolio managers may select a new technology that is not successful.  It is also possible that interest in achieving a clean and sustainable environment may diminish.  The potential advantages of new technologies may be slow in both development and recognition.

 

Political Risk.  Investments in companies with ecological and environmental products are subject to political priorities and changing government regulations and subsidies that may impact the value of their securities.  There are also risks associated with a failure to enforce environmental law.  For example, if the government reduces environmental regulation or its enforcement, companies that produce products designed to provide a clean environment, and in which the Fund invests, are less likely to prosper.

 

Large Cap Company Risk. Large-cap companies may be unable to respond quickly to new competitive challenges such as changes in technology, and also may not be able to attain the high growth rate of smaller companies, especially during extended periods of economic expansion.

 

Mid-Cap and Small-­Cap Risk.  Investing in securities of small and medium-sized companies may involve greater volatility than investing in larger, more established companies.

 

New Fund Risk. The Fund is a new mutual fund and has a limited history of operations.  The Sub-Adviser has not previously managed a mutual fund.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results. 

 

Security Risk. The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Derivatives Risk. The Fund may invest a percentage of its assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Fund to additional risks that it would not be subject to if it invested directly in the securities underlying those derivatives.  The value of derivatives may be volatile and that volatility may be exacerbated by the use of leverage, which is common for derivative strategies.  Derivatives may be illiquid.  The Fund may not be able to enter into, or terminate, a derivatives position when desired.  Derivatives are also subject to mispricing and improper valuation, and may increase the taxes payable by shareholders.

Performance

Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time.  In the future, performance information will be presented in this section of the Prospectus, and such information will provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for 1, 5, and 10 years (as applicable) compare to those of a broad measure of market performance.

Dana Large Cap Core Fund

Investment Objective

The Dana Large Cap Core Fund seeks long-term growth of capital.

Fees and Expenses

These tables describe 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 Epiphany Funds.  More information about these and other discounts is available from your financial professional and in the "Investing in The Fund" section on page 10 of the Fund's prospectus and in the "Sales Charges" section of the Fund's Statement of Additional Information.

Shareholder fees (paid directly from your investment)

Shareholder Fees Dana Large Cap Core Fund (USD $)
Dana Large Cap Core Fund Class A shares
Dana Large Cap Core Fund Class C shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) 5.00% none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none 1.00%
Maximum Sales Charge (Load) on Reinvested Dividends none none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00% 2.00%
Fee for Redemptions Paid by Wire Transfer 10 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses Dana Large Cap Core Fund
Dana Large Cap Core Fund Class A shares
Dana Large Cap Core Fund Class C shares
Management Fees 0.75% 0.75%
Distribution (12b-1) Fees 0.25% 1.00%
Other Expenses 11.27% 11.22%
Acquired Funds Fees and Expenses 0.01% 0.01%
Total Annual Fund Operating Expenses 2.28% 2.98%
Fee Waiver and/or Expense Reimbursement [1] (0.77%) (0.72%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 1.51% 2.26%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 1.50% and 2.25% of the average daily net assets for Class A and C shares, respectively, through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in a Fund for the time periods indicated, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example Dana Large Cap Core Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Dana Large Cap Core Fund Class A shares
646 1,107 1,593 2,928
Dana Large Cap Core Fund Class C shares
229 854 1,504 3,248
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000027961Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 54%.

Investment Strategy

The Dana Large Cap Core Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by Dana Investment Advisors, Inc., the Fund's investment sub-adviser (the “Sub-Adviser”) since 1999. Prior to March 1, 2011, the Fund was known as the Epiphany Large Cap Core Fund.  The Fund remains a part of the Epiphany Funds Trust.

 

The Sub-Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies, based on market capitalization, listed on domestic securities exchanges. Under normal circumstances, at least 80% of the Fund's assets will be invested in large cap equity securities, which the Sub-Adviser defines as companies having a market capitalization of over $5 billion at the time of purchase.  While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).  The Fund portfolio is designed to resemble the broad market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.

 

The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company's fundamentals are no longer compatible with the Fund's objectives or when other securities offer a more attractive investment opportunity.

 

In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.

Principal Risks

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sector Risk.  The Fund’s portfolio may be over-weighted in certain sectors such as technology, consumer cyclicals or energy; therefore any negative development affecting those sectors will have a greater impact on the Fund.

Performance

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Dana Large Cap Core Fund by showing the performance of its Class A shares for each full calendar year of performance since incorporation, and by showing how the Fund’s average annual returns compare over time with those of a broad measure of market performance.  The Class A sales load and account fees are not reflected in the bar chart and if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

Class A Shares

(as of December 31)

Bar Chart

During the period shown in the bar chart for Class A shares, the highest return for a quarter was 13.31% (quarter ended March 30, 2012) and the lowest return for a quarter was (3.21)% (quarter ended June 30, 2012).

Average Annual Total Returns (for the period ended December 31, 2012)

After-tax returns are calculated using the historical highest individual federal marginal income tax rate, and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on the investor’s tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan.  After tax returns are only shown for Class A Shares and after tax returns for Class C Shares, which are not presented, will vary. Updated performance information is available by calling 1-800-320-2185.

Average Annual Total Returns Dana Large Cap Core Fund
1 Year
Since Inception
- Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
16.00% 13.47% [1]
Dana Large Cap Core Fund Class A shares
8.60% 13.82% [1]
Dana Large Cap Core Fund Class A shares Return After Taxes on Distributions
7.90% 13.20% [1]
Dana Large Cap Core Fund Class A shares Return After Taxes on Distributions and Sale of Fund Shares
6.90% 11.55% [1]
Dana Large Cap Core Fund Class C shares
14.30% 16.43% [1]
[1] The Dana Large Cap Core Fund Class A and C Shares Inception Date is March 19, 2008.
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000027961Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
-Dana Large Cap Core Fund

Investment Objective

The Dana Large Cap Core Fund seeks long-term growth of capital.

Fees and Expenses

These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees (paid directly from your investment)

Shareholder Fees (USD $)
-Dana Large Cap Core Fund
Dana Large Cap Core Fund Class N shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the offering price at time of purchase or the net asset value at the time of redemption) none
Maximum Sales Charge (Load) on Reinvested Dividends none
Redemption Fee (as a percentage of the amount redeemed, if redeemed within 60 days of purchase) 2.00%
Fee for Redemptions Paid by Wire Transfer 10

Annual Fund operating expenses (expenses deducted from Fund assets)

Annual Fund Operating Expenses
-Dana Large Cap Core Fund
Dana Large Cap Core Fund Class N shares
Management Fees 0.75%
Distribution (12b-1) Fees 0.25%
Other Expenses 1.30%
Acquired Funds Fees and Expenses 0.01%
Total Annual Fund Operating Expenses 2.31%
Fee Waiver and/or Expense Reimbursement [1] (1.32%)
Total Annual Fund Operating Expenses (after Fee Waiver and Expense Reimbursement) 0.99%
[1] The Adviser has contractually agreed to waive fees and/or reimburse expenses, but only to the extent necessary to limit Total Annual Operating Expenses, excluding brokerage fees and commissions; borrowing costs, such as interest; taxes; indirect expenses incurred by the underlying funds in which the Fund invests, and extraordinary expenses to 0.98% of the average daily net assets for Class N shares through February 28, 2014. The Board of Trustees may terminate the fee waiver and expense reimbursement agreement upon 60 days notice to shareholders.

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in a Fund for the time periods indicated, reinvest dividends and distributions, 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 are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
-Dana Large Cap Core Fund Dana Large Cap Core Fund Class N shares
101 595 1,115 2,544
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000027963Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

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 the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund portfolio turnover rate was 54%.

Investment Strategy

The Dana Large Cap Core Fund seeks to achieve its investment objective through investment in publicly-traded equity securities using a disciplined, risk-controlled investment process. The investment process is a sector-neutral, relative-value approach that has been used by Dana Investment Advisors, Inc., the Fund's investment sub-adviser (the “Sub-Adviser”) since 1999.  Prior to March 1, 2011, the Fund was known as the Epiphany Large Cap Core Fund.  The Fund remains a part of the Epiphany Funds trust.

 

The Sub-Adviser employs a risk-controlled relative-value equity strategy. The starting universe used to select equity securities is the largest 700 companies, based on market capitalization, listed on domestic securities exchanges. Under normal circumstances, at least 80% of the Fund's assets will be invested in large cap equity securities, which the Sub-Adviser defines as companies having a market capitalization of over $5 billion at the time of purchase.  While the Fund selects stocks from the 700 largest companies, the Fund may also invest a portion of its assets in equity securities of companies of any size, including what are commonly referred to as small-cap and mid-cap companies (generally those companies with market capitalizations between $300 million and $2 billion and between $2 billion and $5 billion, respectively).  The Fund portfolio is designed to resemble the broad market, add value above market returns through superior stock selection, yet exhibit lower volatility than the market. The investment process is a hybrid of quantitative and fundamental techniques. Individual securities in the Fund are chosen after rigorous fundamental research to identify companies with attractive valuations relative to peer companies, relative to the broader economic sector in which companies are members, and relative to the historical and forecasted growth the companies may exhibit.

 

The investment portfolio will be constructed and monitored using top-down risk controls designed to minimize volatility while allowing the opportunity to add excess returns. The portfolio managers may also sell a security when they determine that the company's fundamentals are no longer compatible with the Fund's objectives or when other securities offer a more attractive investment opportunity.

 

In addition to common stocks, from time to time the Fund may purchase other equities such as real estate investment trusts ("REITs"), preferred stocks, publicly traded partnerships, shares of other investment companies and exchange traded funds ("ETFs"), including inverse ETFs, mainly as an alternative to holding cash prior to investment.

Principal Risks

Because the securities the Fund holds fluctuate in price, the value of your investment in the Fund will go up and down.  You could lose money.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the FDIC or other government agency.

 

The Fund is subject to several risks, any of which could cause an investor to lose money.  Below are some specific risks of investing in the Fund.

 

ETF and Other Investment Company Risk.  The Fund may invest in ETFs, and other investment companies ("Underlying Funds").  As a result, your cost of investing in the Fund may be higher than the cost of investing directly in Underlying Fund shares and may be higher than other mutual funds that invest directly in equities.  You will indirectly bear fees and expenses charged by the Underlying Funds in addition to the Fund’s direct fees and expenses.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of particular asset class or individual security in which the Fund invests may prove to be incorrect and there is no guarantee that the Adviser’s judgment will produce the desired results.

 

Mid-Cap and Small-Cap Risk.  Stocks of mid-cap and small-cap companies are more risky than stocks of larger companies. Many of these companies are young and have a limited track record. Their securities may trade less frequently and in more limited volume than those of more mature companies.  Mid-cap and small-cap companies also may lack the managerial, financial or other resources necessary to implement their business plans or succeed in the face of competition.  These risks are higher for small-cap companies.

 

REIT Risk.  The Fund may invest in REITs.  Investing in REITs involves certain unique risks in addition to those risks associated with investing in the real estate industry in general.  Equity REITs may be affected by changes in the value of the underlying property owned by the REITs, while mortgage REITs may be affected by the quality of any credit extended.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, and economic, political, or social events in the U.S. or abroad. All stocks are subject to these risks.

 

Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Sector Risk.  The Fund’s portfolio may be over-weighted in certain sectors such as technology, consumer cyclicals or energy; therefore any negative development affecting those sectors will have a greater impact on the Fund.

Performance

The bar chart and accompanying table shown below provide an indication of the risks of investing in the Dana Large Cap Core Fund by showing the performance of its Class N shares over the last year, and by showing how its average annual returns compare over time with those of a broad measure of market performance.  The sales load and account fees are not reflected in the chart and that, if they were, returns would be less than those shown.  How the Fund performed in the past (before and after taxes) is not necessarily an indication of how it will perform in the future.

CLASS N SHARES

(as of December 31)

Bar Chart

During the period shown in the bar chart, the highest return for a quarter was 13.29% (quarter ended March 31, 2012) and the lowest return for a quarter was (3.20)% (quarter ended June 30, 2012).

Average Annual Total Returns (for the period ended December 31, 2012)

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 the investor's tax situation and may differ from those shown above.  After-tax returns do not apply to investors who hold shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Updated performance information is available by calling 1-800-320-2185.

Average Annual Total Returns -Dana Large Cap Core Fund
1 Year
Since Inception
- Comparison Index - S&P 500 Index (reflects no deduction for fees, expenses or taxes)
16.00% 11.78% [1]
Dana Large Cap Core Fund Class N shares
14.45% 13.95% [1]
Dana Large Cap Core Fund Class N shares Return After Taxes on Distributions
13.82% 13.38% [1]
Dana Large Cap Core Fund Class N shares Return After Taxes on Distributions and Sale of Fund Shares
11.97% 11.72% [1]
[1] The Dana Large Cap Core Fund Class N Shares Inception Date is March 1, 2010.
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000027963Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
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