Exhibit
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Exhibit No.
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Instance Document
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EX-101.INS
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Schema Document
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EX-101.SCH
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Calculation Linkbase Document
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EX-101.CAL
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Definition Linkbase Document
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EX-101.DEF
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Label Linkbase Document
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EX-101.LAB
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Presentation Linkbase Document
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EX-101.PRE
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Innovator Matrix Income(R) Fund | Innovator Matrix Income(R) Fund | ||||||||||||||||||||||||||||
Innovator Matrix Income(R) Fund | ||||||||||||||||||||||||||||
Innovator Matrix Income® Fund (the “Fund”) Supplement to the Prospectus dated December 10, 2011 (the “Prospectus”) The “Fees and Expenses” and “Example” sections on pages 1- 2 of the Prospectus are deleted and hereby replaced in their entirety with the information shown below. The Shareholder Fees remain unchanged. The Annual Fund Operating Expenses have been updated to reflect acquired fund fees and expenses (which reflect fees and expenses incurred indirectly by the Fund as a result of investment in shares of one or more investment companies, which includes open-end funds, closed-end funds and business development companies), as well as the financial information from the Fund’s Annual Report to Shareholders for the period ended December 31, 2012. The Example also has been updated to reflect the revisions to the Fund’s Annual Fund Operating Expenses based on its performance as of the end of its fiscal year. |
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Fees and Expenses | ||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and in the Shareholder Information section of this prospectus on page 14 and in the Purchase and Redemption of Shares section in the Fund’s statement of additional information on page 23. |
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Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||
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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||
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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 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 reflects the Adviser's waivers and reimbursements for the one-year period and the total operating expenses without waivers for years 2 through 10. |
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Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||
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* * * Please keep this supplement for future reference. This supplement is dated March 12, 2013. |
Label | Element | Value | ||||
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Risk/Return: | rr_RiskReturnAbstract | |||||
Supplement [Text Block] | ck0001415726_SupplementTextBlock | Innovator Matrix Income® Fund (the “Fund”) Supplement to the Prospectus dated December 10, 2011 (the “Prospectus”) The “Fees and Expenses” and “Example” sections on pages 1- 2 of the Prospectus are deleted and hereby replaced in their entirety with the information shown below. The Shareholder Fees remain unchanged. The Annual Fund Operating Expenses have been updated to reflect acquired fund fees and expenses (which reflect fees and expenses incurred indirectly by the Fund as a result of investment in shares of one or more investment companies, which includes open-end funds, closed-end funds and business development companies), as well as the financial information from the Fund’s Annual Report to Shareholders for the period ended December 31, 2012. The Example also has been updated to reflect the revisions to the Fund’s Annual Fund Operating Expenses based on its performance as of the end of its fiscal year. |
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Risk/Return [Heading] | rr_RiskReturnHeading | Innovator Matrix Income(R) Fund | ||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about these and other discounts is available from your financial professional and in the Shareholder Information section of this prospectus on page 14 and in the Purchase and Redemption of Shares section in the Fund’s statement of additional information on page 23. |
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Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-04-30 | ||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. | ||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 50,000 | ||||
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] | rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees | The total annual fund operating expenses do not correlate to the ratios of expenses to average net assets given in the Fund's audited financial statements for the period ended December 31, 2012, which reflect the operating expenses of the Fund and do not include the acquired fund fees and expenses. | ||||
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 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 reflects the Adviser's waivers and reimbursements for the one-year period and the total operating expenses without waivers for years 2 through 10. |
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Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||
Expense Example Closing [Text Block] | rr_ExpenseExampleClosingTextBlock | * * * Please keep this supplement for future reference. This supplement is dated March 12, 2013. |
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Class A
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Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum sales charge (load) imposed on purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||
Maximum deferred sales charge (load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Maximum sales charge (load) imposed on reinvested dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (2.00%) | ||||
Exchange fees | rr_ExchangeFee | none | ||||
Management fees | rr_ManagementFeesOverAssets | 1.00% | ||||
Distribution and service (12b-1) fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
Other expenses | rr_OtherExpensesOverAssets | 0.43% | ||||
Acquired fund fees and expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 1.04% | [1] | |||
Total annual fund operating expenses | rr_ExpensesOverAssets | 2.72% | [1] | |||
(Less fees waived/expenses reimbursed) | rr_FeeWaiverOrReimbursementOverAssets | (0.33%) | [2] | |||
Total annual fund operating expenses after fee waivers and expense reimbursements | rr_NetExpensesOverAssets | 2.39% | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 803 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,341 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,904 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 3,428 | ||||
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Label | Element | Value |
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Risk/Return: | rr_RiskReturnAbstract | |
Prospectus Date | rr_ProspectusDate | Dec. 10, 2011 |
Document and Entity Information
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0 Months Ended |
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Mar. 15, 2013
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Risk/Return: | |
Document Type | 497 |
Document Period End Date | Mar. 15, 2013 |
Registrant Name | Academy Funds Trust |
Central Index Key | 0001415726 |
Amendment Flag | false |
Document Creation Date | Mar. 12, 2013 |
Document Effective Date | Mar. 15, 2013 |
Prospectus Date | Dec. 10, 2011 |
Innovator Matrix Income(R) Fund | Innovator Matrix Income(R) Fund | Class A
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Risk/Return: | |
Trading Symbol | IMIFX |