0001193125-12-426924.txt : 20121018 0001193125-12-426924.hdr.sgml : 20121018 20121018115128 ACCESSION NUMBER: 0001193125-12-426924 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121018 DATE AS OF CHANGE: 20121018 EFFECTIVENESS DATE: 20121018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLG INVESTMENT SERIES TRUST CENTRAL INDEX KEY: 0001477079 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-163462 FILM NUMBER: 121149881 BUSINESS ADDRESS: STREET 1: 390 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-224-7247 MAIL ADDRESS: STREET 1: 390 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GLG INVESTMENT SERIES TRUST CENTRAL INDEX KEY: 0001477079 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22360 FILM NUMBER: 121149882 BUSINESS ADDRESS: STREET 1: 390 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-224-7247 MAIL ADDRESS: STREET 1: 390 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10022 0001477079 S000027947 GLG International Small Cap Fund C000084923 Institutional Shares C000104516 Class C 485BPOS 1 d415056d485bpos.htm 485BPOS XBRL 485BPOS XBRL

As filed with the Securities and Exchange Commission on October 18, 2012

Securities Act File No. 333-163462

Investment Company Act File No. 811-22360

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-1A

REGISTRATION STATEMENT

UNDER

  THE SECURITIES ACT OF 1933    þ
  Pre-Effective Amendment No.    ¨
  Post-Effective Amendment No. 5    þ

and/or

REGISTRATION STATEMENT

UNDER

    THE INVESTMENT COMPANY ACT OF 1940    þ
    Amendment No. 7    þ

(Check appropriate box or boxes.)

 

 

GLG INVESTMENT SERIES TRUST

(Exact Name of Registrant as Specified in Charter)

 

 

452 Fifth Avenue

25th Floor

New York, NY 10018

(Address of Principal Executive Offices)

Registrant’s Telephone Number, including Area Code: 1-877-593-0323

 

 

Copy to:

 

Jordan B. Allen

452 Fifth Avenue

25th Floor

New York, NY 10018

  

Michael S. Caccese, Esq.

K&L Gates LLP

State Street Financial Center

One Lincoln Street

Boston, MA 02111

(Name and Address of Agent for Service)  

 

 

It is proposed that this filing will become effective (check appropriate box)

  þ immediately upon filing pursuant to paragraph (b)
  ¨ on (date) pursuant to paragraph (b)
  ¨ 60 days after filing pursuant to paragraph (a)(1)
  ¨ on (date) pursuant to paragraph (a)(1)
  ¨ 75 days after filing pursuant to paragraph (a)(2)
  ¨ on (date) pursuant to paragraph (a)(2) of rule 485

If appropriate, check the following box:

  ¨ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereto duly authorized, in the City of New York, and State of New York, on the 18th day of October, 2012.

 

GLG Investment Series Trust
By:  

/s/ Jordan B. Allen

  Jordan B. Allen
  Chief Executive Officer

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

 

Signature

  

Title

  

Date

/s/ John B. Rowsell

    
John B. Rowsell   Trustee   October 18, 2012

/s/ Gregory E. Barton*

    
Gregory E. Barton   Trustee   October 18, 2012

/s/ Aniello A. Bianco*

    
Aniello A. Bianco   Trustee   October 18, 2012

/s/ J. David Officer*

    
J. David Officer   Trustee   October 18, 2012

/s/ Marvin Damsma*

    
Marvin Damsma   Trustee   October 18, 2012

/s/ Dale M. Hanson*

    
Dale M. Hanson   Trustee   October 18, 2012

/s/ JingLu Eng

    
JingLu Eng   Chief Financial Officer   October 18, 2012

 

* By:  

/s/ Jordan B. Allen

  Jordan B. Allen, as Attorney-in-Fact

EXHIBIT INDEX

 

Exhibit Number

   

Description

EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxonomy Extension Presentation Linkbase
 EX-101.INS 2 glgist-20120927.xml XBRL INSTANCE DOCUMENT 0001477079 2011-09-28 2012-09-27 0001477079 glgist:S000027947Member 2011-09-28 2012-09-27 0001477079 glgist:S000027947Member glgist:C000084923Member 2011-09-28 2012-09-27 0001477079 glgist:S000027947Member glgist:C000104516Member 2011-09-28 2012-09-27 0001477079 glgist:S000027947Member rr:AfterTaxesOnDistributionsMember glgist:C000084923Member 2011-09-28 2012-09-27 0001477079 glgist:S000027947Member rr:AfterTaxesOnDistributionsAndSalesMember glgist:C000084923Member 2011-09-28 2012-09-27 0001477079 glgist:S000027947Member glgist:MsciSmallCapEafeIndexMember 2011-09-28 2012-09-27 pure iso4217:USD 485BPOS GLG INVESTMENT SERIES TRUST 0001477079 false 2012-09-27 2012-09-27 2012-09-27 2012-05-31 <center><b><a name="tx415056_1"></a>SUMMARY OF THE FUND </b></center> <b><a name="tx415056_2"></a>Investment Objective </b> <font style="font-family:Times New Roman" size="2">The Fund seeks maximum capital appreciation. </font> <b><a name="tx415056_3"></a>Fees and Expenses of the Fund </b> <font style="font-family:Times New Roman" size="2">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (&#147;Shares&#148;). </font> <b><a name="tx415056_3"></a>Shareholder Fees </b><font style="font-family:Times New Roman" size="2">(fees paid directly from your investment)</font> <div style="display:none">~ http://www.clginvestment.com/role/ScheduleAnnualFundOperatingExpensesGLGInternationalSmallCapFund column period compact * ~</div> <div style="display:none">~ http://www.clginvestment.com/role/ScheduleShareholderFeesGLGInternationalSmallCapFund column period compact * ~</div> 0 0 <b><a name="tx415056_3"></a>Annual Fund Operating Expenses </b><font style="font-family:Times New Roman" size="2">(expenses that you pay each year as a percentage of the value of your investment)</font> <div style="display:none">~ http://www.clginvestment.com/role/ScheduleAnnualTotalReturnsGLGInternationalSmallCapFundBarChart column period compact * ~</div> <div style="display:none">~ http://www.clginvestment.com/role/ScheduleExpenseExampleTransposedGLGInternationalSmallCapFund column period compact * ~</div> <div style="display:none">~ http://www.clginvestment.com/role/ScheduleAverageAnnualTotalReturnsTransposedGLGInternationalSmallCapFund column period compact * ~</div> <font style="font-family:Times New Roman" size="2">For Class C Shares &#147;Other Expenses&#148; are based on estimates for the current fiscal year, as Class C had not commenced operations as of the date of this prospectus.</font> <b>Example. </b> <font style="font-family:Times New Roman" size="2">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 Class C or Class I Shares of the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. </font><br/><br/><font style="font-family:Times New Roman" size="2">Although your actual costs may be higher or lower, based on these assumptions your costs at the end of each period would be: </font> 228 242 898 745 1275 2726 <font style="font-family:Times New Roman" size="2">The Example should not be considered a representation of past or future expenses or future investment performance. Actual expenses and total returns may be greater or lesser than those shown above. </font> <b>Portfolio Turnover. </b> <font style="font-family:Times New Roman" size="2">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#147;turns over&#148; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example above, reduce the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 138% of the average value of its portfolio.</font> <b><a name="tx415056_4"></a>Principal Investment Strategies </b> <font style="font-family:Times New Roman" size="2">In pursuing its investment objective, the Fund will normally invest at least 80% of its net assets in the equity securities of small capitalization companies located outside of the United States. Equity securities consist of common stock, depositary receipts, and securities convertible into common stock, such as warrants, rights, convertible bonds, debentures and convertible preferred stocks. Our investment adviser, GLG Inc., considers a company to be a small capitalization company if it has a market capitalization that falls within the range of capitalizations of companies in the bottom 25% of the MSCI EAFE IMI Index</font><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup></font><font style="font-family:Times New Roman" size="2"> (as defined at the beginning of each month) at the time of investment (&#147;Market Cap Range&#148;). As of July 31, 2012, the average market capitalization of the bottom 25% of the MSCI EAFE IMI Index ranged from $36.8 million to $7.283 billion and averaged $1.426 billion. </font><br /><br /><font style="font-family:Times New Roman" size="2">In determining which portfolio securities to purchase, the Adviser utilizes an investment approach that combines top-down analysis with bottom-up stock research and selection. The factors used by the Adviser in its top-down analysis include its evaluation of economic, political, regulatory, demographic or industry-specific trends and developments. From a bottom-up perspective, the factors the Adviser considers include assessments of management, industry structure, business model, financial information and intrinsic value. The Adviser seeks securities of companies which it deems to have attractive long-term prospects with valuations that are lower than the Adviser's perception of the companies' intrinsic value. </font><br /><br /><font style="font-family:Times New Roman" size="2">In determining which portfolio securities to sell, the Adviser generally considers one or more of the following factors, among others: (i) whether, for any reason, the Adviser's underlying rationale for investing in the security has changed; (ii) whether the proceeds from the sale of a portfolio security can be used to invest in a more attractive investment opportunity; (iii) optimizing asset allocation; (iv) if a security appreciates such that, as a total percentage of the portfolio, it becomes too large; and (v) if the company's management appears to be engaging in conduct not in the best interest of shareholders. </font><br/><br/><font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">1</sup> </font><font style="font-family:Times New Roman" size="2"></font><font style="font-family:Times New Roman" size="2">&nbsp; &nbsp; &nbsp; &nbsp;The MSCI EAFE IMI Index currently consists of the following 22 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The index reflects reinvested dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties. </font> <b><a name="tx415056_5"></a>Principal Investment Risks </b> <font style="font-family:Times New Roman" size="2">The Fund's investments are subject to a variety of risks that may cause the Fund's net asset value to fluctuate over time. Therefore, the value of your investment in the Fund could decline and you could lose money. Also, there is no assurance that the Adviser will achieve the Fund's investment objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include: <br /><br /><b>Company Risk. </b>A company may perform poorly, and therefore, the value of its stocks and other securities may decline. <br /><br /><b>Emerging and Developing Markets Risk. </b>There is risk associated with investing in securities of companies located or traded in developing or emerging markets, which are at an early stage of development and are significantly volatile. Therefore, the below &#147;Foreign Investing Risks&#148; are often more pronounced in these markets. <br /><br /><b>Equity Market Risk. </b>The Fund&#146;s Shares are sensitive to stock market volatility and the stocks in which the Fund invests may be more volatile than the stock market as a whole. If the stock market declines, the value of Fund Shares will also likely decline and, although stocks can rebound, there is no assurance that values will return to previous levels. <br /><br /><b>Foreign Investing Risks. </b>Because the Fund invests significantly in foreign securities, it may be subject to the risks associated with foreign securities, such as country risk (the potentially adverse political, economic and other conditions of the country), currency risk (the constantly changing exchange rate between a local currency and the U.S. dollar) and custody risk (the risk associated with the process of clearing and settling Fund trades in foreign markets). There may be less publicly available information relating to foreign companies. <br /><br /><b>Liquidity Risk. </b>Risk arises from a lack of marketability of securities which may make it difficult or impossible to sell at desirable prices in order to minimize loss. <br /><br /><b>Management Risk. </b>There is risk associated with the Fund's dependence on the ability of the Adviser to achieve the Fund's investment objective based on the Adviser's ability to identify profitable investment opportunities for the Fund. <br /><br /><b>Small Cap Company Risk. </b>Stocks of small capitalization companies may be subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk. There may be less publicly available information about such companies than for larger, more established companies. </font> <font style="font-family:Times New Roman" size="2">Therefore, the value of your investment in the Fund could decline and you could lose money.</font> <b>Fund Performance </b> <font style="font-family:Times New Roman" size="2">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#146;s performance for the periods shown and how the Fund&#146;s average annual returns over time compare with those of a broad-based securities market index. The returns are for Class I Shares (Class C Shares have not commenced operations). Past performance (both before and after taxes) is no guarantee of future results. Investors may obtain updated performance information by calling 1-877-593-0323. </font> <font style="font-family:Times New Roman" size="2">Past performance (both before and after taxes) is no guarantee of future results.</font> <font style="font-family:Times New Roman" size="2">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#146;s performance for the periods shown and how the Fund&#146;s average annual returns over time compare with those of a broad-based securities market index.</font> <font style="font-family:Times New Roman" size="2">year-to-date return</font> 2012-06-30 <font style="font-family:Times New Roman" size="2">Best quarter:</font> 2011-06-30 <font style="font-family:Times New Roman" size="2">Worst quarter:</font> 2011-09-30 <center><b>Class I Shares<br/>Calendar Year Total Return</b></center> <center><b>Average Annual Total Returns </b></center><font style="font-family:Times New Roman" size="2">(For the periods ended December 31, 2011)</font> <font style="font-family:Times New Roman" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes. In some instances, the &#147;Return after Taxes&#148; on Distributions and Sale of Fund Shares may be greater than &#147;Return before Taxes&#148; because the investor is assumed to have a capital loss upon the sale of Fund Shares to offset other taxable gains. After-tax returns depend on an investor&#146;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class I Shares. After-tax returns for Class C Shares will vary. </font> <font style="font-family:Times New Roman" size="2">After-tax returns are shown only for Class I Shares. After-tax returns for Class C Shares will vary.</font> <font style="font-family:Times New Roman" size="2">After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes.</font> <font style="font-family:Times New Roman" size="2">After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.</font> 2010-12-07 2010-12-07 2010-12-07 <font style="font-family:Times New Roman" size="2">Investors cannot invest directly in an index. Source for MSCI Small Cap EAFE Index: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI has not prepared or approved this data, and has no liability hereunder. </font> <table cellspacing="0" cellpadding="0" width="100%" border="0" align="center" style="background-color: rgb(255, 255, 255); border-collapse: collapse; "><tr><td width="9%"></td><td valign="bottom" width="1%"></td><td width="15%"></td><td valign="bottom" width="1%"></td><td width="15%"></td><td valign="bottom" width="1%"></td><td width="15%"></td><td valign="bottom" width="1%"></td><td width="15%"></td><td valign="bottom" width="1%"></td><td width="13%"></td><td valign="bottom" width="1%"></td><td width="12%"></td></tr><tr><td valign="top"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">Best quarter:</font></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;&nbsp;</font></td><td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">06/11</font></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;&nbsp;</font></td><td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">1.08%</font></td></tr><tr><td valign="top"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom"></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;</font></td><td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">Worst quarter:</font></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;&nbsp;</font></td><td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">09/11</font></td><td valign="bottom"><font style="font-family:Times New Roman" size="2">&nbsp;&nbsp;</font></td><td valign="bottom" align="right"><font style="font-family:Times New Roman" size="2">(24.22)%</font></td></tr></table> 2010-12-07 <font style="font-family:Times New Roman" size="2">Class C Shares have not yet commenced operations, therefore no returns are shown for Class C Shares.</font> <font style="font-family:Times New Roman" size="2">1-877-593-0323</font> <font style="font-family:Times New Roman" size="2">The following table indicates how the Fund&#146;s Class I Shares average annual returns for different calendar periods compared to the returns of a broad-based securities market index. </font> 0.0125 0.0125 0.0095 0 0.01 0.0114 0.032 0.0239 -0.0095 0 0.0225 0.0239 1.38 -0.2515 -0.0039 0.0108 -0.2422 -0.2515 -0.2512 -0.1607 -0.1594 -0.218 -0.2177 -0.1838 -0.1163 "Other Expenses" include, among other expenses, administrative, custody and transfer agency fees. "Other expenses" for the Class I Shares also includes investor and account servicing or "sub-transfer agency" costs to be paid to service agents of the Fund that maintain and administer omnibus accounts with the Fund and that have entered into service agreements with the Fund with respect to Class I Shares. Fees for these services are not expected to exceed 0.25% of the Fund's average daily net assets attributable to Class I Shares. For Class C Shares "Other Expenses" are based on estimates for the current fiscal year, as Class C had not commenced operations as of the date of this prospectus. The Fund's investment adviser (the "Adviser") has contractually agreed, pursuant to an Expense Limitation and Reimbursement Agreement ("Expense Limitation Agreement"), to pay or absorb the ordinary operating expenses of Class C Shares of the Fund (excluding the fees payable to the Adviser under the Advisory Agreement (as defined below) and any other expense that is not a class-specific expense but including the Class C Shares' 12b-1 fees and transfer agency fees) to the extent necessary to limit the net operating expense ratio of Class C Shares to 2.25% per annum of the Fund's average daily net assets attributable to Class C Shares. The Expense Limitation Agreement will remain in effect until (i) the end of the second fiscal year following the commencement of the Fund's public offering of the Class C Shares or (ii) terminated earlier by the Fund's Board of Trustees (the "Board"). The 2012 year-to-date return for the Fund through June 30, 2012 was (0.39)% Investors cannot invest directly in an index. Source for MSCI Small Cap EAFE Index: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI has not prepared or approved this data, and has no liability hereunder. Class C Shares have not yet commenced operations, therefore no returns are shown for Class C Shares. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GLG INVESTMENT SERIES TRUST
Prospectus Date rr_ProspectusDate Sep. 27, 2012
Document Creation Date dei_DocumentCreationDate Sep. 27, 2012
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName GLG INVESTMENT SERIES TRUST
Prospectus Date rr_ProspectusDate Sep. 27, 2012
GLG International Small Cap Fund
  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
SUMMARY OF THE FUND
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Fund seeks maximum capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (“Shares”).
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 Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example above, reduce the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 138% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 138.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates For Class C Shares “Other Expenses” are based on estimates for the current fiscal year, as Class C had not commenced operations as of the date of this prospectus.
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 Class C or Class I Shares of the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions your costs at the end of each period would be:
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock The Example should not be considered a representation of past or future expenses or future investment performance. Actual expenses and total returns may be greater or lesser than those shown above.
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock In pursuing its investment objective, the Fund will normally invest at least 80% of its net assets in the equity securities of small capitalization companies located outside of the United States. Equity securities consist of common stock, depositary receipts, and securities convertible into common stock, such as warrants, rights, convertible bonds, debentures and convertible preferred stocks. Our investment adviser, GLG Inc., considers a company to be a small capitalization company if it has a market capitalization that falls within the range of capitalizations of companies in the bottom 25% of the MSCI EAFE IMI Index1 (as defined at the beginning of each month) at the time of investment (“Market Cap Range”). As of July 31, 2012, the average market capitalization of the bottom 25% of the MSCI EAFE IMI Index ranged from $36.8 million to $7.283 billion and averaged $1.426 billion.

In determining which portfolio securities to purchase, the Adviser utilizes an investment approach that combines top-down analysis with bottom-up stock research and selection. The factors used by the Adviser in its top-down analysis include its evaluation of economic, political, regulatory, demographic or industry-specific trends and developments. From a bottom-up perspective, the factors the Adviser considers include assessments of management, industry structure, business model, financial information and intrinsic value. The Adviser seeks securities of companies which it deems to have attractive long-term prospects with valuations that are lower than the Adviser's perception of the companies' intrinsic value.

In determining which portfolio securities to sell, the Adviser generally considers one or more of the following factors, among others: (i) whether, for any reason, the Adviser's underlying rationale for investing in the security has changed; (ii) whether the proceeds from the sale of a portfolio security can be used to invest in a more attractive investment opportunity; (iii) optimizing asset allocation; (iv) if a security appreciates such that, as a total percentage of the portfolio, it becomes too large; and (v) if the company's management appears to be engaging in conduct not in the best interest of shareholders.

1        The MSCI EAFE IMI Index currently consists of the following 22 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The index reflects reinvested dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.
Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund's investments are subject to a variety of risks that may cause the Fund's net asset value to fluctuate over time. Therefore, the value of your investment in the Fund could decline and you could lose money. Also, there is no assurance that the Adviser will achieve the Fund's investment objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include:

Company Risk. A company may perform poorly, and therefore, the value of its stocks and other securities may decline.

Emerging and Developing Markets Risk. There is risk associated with investing in securities of companies located or traded in developing or emerging markets, which are at an early stage of development and are significantly volatile. Therefore, the below “Foreign Investing Risks” are often more pronounced in these markets.

Equity Market Risk. The Fund’s Shares are sensitive to stock market volatility and the stocks in which the Fund invests may be more volatile than the stock market as a whole. If the stock market declines, the value of Fund Shares will also likely decline and, although stocks can rebound, there is no assurance that values will return to previous levels.

Foreign Investing Risks. Because the Fund invests significantly in foreign securities, it may be subject to the risks associated with foreign securities, such as country risk (the potentially adverse political, economic and other conditions of the country), currency risk (the constantly changing exchange rate between a local currency and the U.S. dollar) and custody risk (the risk associated with the process of clearing and settling Fund trades in foreign markets). There may be less publicly available information relating to foreign companies.

Liquidity Risk. Risk arises from a lack of marketability of securities which may make it difficult or impossible to sell at desirable prices in order to minimize loss.

Management Risk. There is risk associated with the Fund's dependence on the ability of the Adviser to achieve the Fund's investment objective based on the Adviser's ability to identify profitable investment opportunities for the Fund.

Small Cap Company Risk. Stocks of small capitalization companies may be subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk. There may be less publicly available information about such companies than for larger, more established companies.
Risk Lose Money [Text] rr_RiskLoseMoney Therefore, the value of your investment in the Fund could decline and you could lose money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Fund Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance for the periods shown and how the Fund’s average annual returns over time compare with those of a broad-based securities market index. The returns are for Class I Shares (Class C Shares have not commenced operations). Past performance (both before and after taxes) is no guarantee of future results. Investors may obtain updated performance information by calling 1-877-593-0323.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance for the periods shown and how the Fund’s average annual returns over time compare with those of a broad-based securities market index.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Class C Shares have not yet commenced operations, therefore no returns are shown for Class C Shares.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex Investors cannot invest directly in an index. Source for MSCI Small Cap EAFE Index: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI has not prepared or approved this data, and has no liability hereunder.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-593-0323
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (both before and after taxes) is no guarantee of future results.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock The following table indicates how the Fund’s Class I Shares average annual returns for different calendar periods compared to the returns of a broad-based securities market index.
Bar Chart [Heading] rr_BarChartHeading
Class I Shares
Calendar Year Total Return
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
    Best quarter:  06/11  1.08%
    Worst quarter:  09/11  (24.22)%
Performance Table Heading rr_PerformanceTableHeading
Average Annual Total Returns
(For the periods ended December 31, 2011)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown only for Class I Shares. After-tax returns for Class C Shares will vary.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes. In some instances, the “Return after Taxes” on Distributions and Sale of Fund Shares may be greater than “Return before Taxes” because the investor is assumed to have a capital loss upon the sale of Fund Shares to offset other taxable gains. After-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class I Shares. After-tax returns for Class C Shares will vary.
GLG International Small Cap Fund | Class C Shares
  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fee rr_ManagementFeesOverAssets 1.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.95%
Other Expenses rr_OtherExpensesOverAssets 1.00% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.20%
Less Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.95%) [2]
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 2.25%
1 Year rr_ExpenseExampleYear01 228
3 Years rr_ExpenseExampleYear03 898
5 Years rr_ExpenseExampleYear05   
10 Years rr_ExpenseExampleYear10   
GLG International Small Cap Fund | Class I Shares
  
Risk/Return: rr_RiskReturnAbstract  
Shareholder Fees (fees paid directly from your investment) rr_ShareholderFeeOther none
Management Fee rr_ManagementFeesOverAssets 1.25%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.14% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.39%
Less Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [2]
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 2.39%
1 Year rr_ExpenseExampleYear01 242
3 Years rr_ExpenseExampleYear03 745
5 Years rr_ExpenseExampleYear05 1,275
10 Years rr_ExpenseExampleYear10 2,726
2011 rr_AnnualReturn2011 (25.15%) [3]
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (0.39%)
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2011
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 1.08%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.22%)
1 Year rr_AverageAnnualReturnYear01 (25.15%) [4]
Since Inception rr_AverageAnnualReturnSinceInception (21.80%) [4]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 07, 2010 [4]
GLG International Small Cap Fund | Return After Taxes on Distributions | Class I Shares
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (25.12%) [4]
Since Inception rr_AverageAnnualReturnSinceInception (21.77%) [4]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 07, 2010 [4]
GLG International Small Cap Fund | Return After Taxes on Distributions and Sale of Fund Shares | Class I Shares
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (16.07%) [4]
Since Inception rr_AverageAnnualReturnSinceInception (18.38%) [4]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 07, 2010 [4]
GLG International Small Cap Fund | MSCI Small Cap EAFE Index (Reflects no deduction for taxes, expenses or fees.
  
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (15.94%) [4],[5]
Since Inception rr_AverageAnnualReturnSinceInception (11.63%) [4],[5]
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 07, 2010 [4],[5]
[1] "Other Expenses" include, among other expenses, administrative, custody and transfer agency fees. "Other expenses" for the Class I Shares also includes investor and account servicing or "sub-transfer agency" costs to be paid to service agents of the Fund that maintain and administer omnibus accounts with the Fund and that have entered into service agreements with the Fund with respect to Class I Shares. Fees for these services are not expected to exceed 0.25% of the Fund's average daily net assets attributable to Class I Shares. For Class C Shares "Other Expenses" are based on estimates for the current fiscal year, as Class C had not commenced operations as of the date of this prospectus.
[2] The Fund's investment adviser (the "Adviser") has contractually agreed, pursuant to an Expense Limitation and Reimbursement Agreement ("Expense Limitation Agreement"), to pay or absorb the ordinary operating expenses of Class C Shares of the Fund (excluding the fees payable to the Adviser under the Advisory Agreement (as defined below) and any other expense that is not a class-specific expense but including the Class C Shares' 12b-1 fees and transfer agency fees) to the extent necessary to limit the net operating expense ratio of Class C Shares to 2.25% per annum of the Fund's average daily net assets attributable to Class C Shares. The Expense Limitation Agreement will remain in effect until (i) the end of the second fiscal year following the commencement of the Fund's public offering of the Class C Shares or (ii) terminated earlier by the Fund's Board of Trustees (the "Board").
[3] The 2012 year-to-date return for the Fund through June 30, 2012 was (0.39)%
[4] Class C Shares have not yet commenced operations, therefore no returns are shown for Class C Shares.
[5] Investors cannot invest directly in an index. Source for MSCI Small Cap EAFE Index: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI has not prepared or approved this data, and has no liability hereunder.
XML 14 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
GLG International Small Cap Fund
SUMMARY OF THE FUND
Investment Objective
The Fund seeks maximum capital appreciation.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund (“Shares”).
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees GLG International Small Cap Fund (USD $)
Class C Shares
Class I Shares
Shareholder Fees (fees paid directly from your investment) none none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses GLG International Small Cap Fund
Class C Shares
Class I Shares
Management Fee 1.25% 1.25%
Distribution and Service (12b-1) Fees 0.95% none
Other Expenses [1] 1.00% 1.14%
Total Annual Fund Operating Expenses 3.20% 2.39%
Less Fee Waiver/Expense Reimbursement [2] (0.95%) none
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement 2.25% 2.39%
[1] "Other Expenses" include, among other expenses, administrative, custody and transfer agency fees. "Other expenses" for the Class I Shares also includes investor and account servicing or "sub-transfer agency" costs to be paid to service agents of the Fund that maintain and administer omnibus accounts with the Fund and that have entered into service agreements with the Fund with respect to Class I Shares. Fees for these services are not expected to exceed 0.25% of the Fund's average daily net assets attributable to Class I Shares. For Class C Shares "Other Expenses" are based on estimates for the current fiscal year, as Class C had not commenced operations as of the date of this prospectus.
[2] The Fund's investment adviser (the "Adviser") has contractually agreed, pursuant to an Expense Limitation and Reimbursement Agreement ("Expense Limitation Agreement"), to pay or absorb the ordinary operating expenses of Class C Shares of the Fund (excluding the fees payable to the Adviser under the Advisory Agreement (as defined below) and any other expense that is not a class-specific expense but including the Class C Shares' 12b-1 fees and transfer agency fees) to the extent necessary to limit the net operating expense ratio of Class C Shares to 2.25% per annum of the Fund's average daily net assets attributable to Class C Shares. The Expense Limitation Agreement will remain in effect until (i) the end of the second fiscal year following the commencement of the Fund's public offering of the Class C Shares or (ii) terminated earlier by the Fund's Board of Trustees (the "Board").
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 Class C or Class I Shares of the Fund for the time periods indicated and then redeem all of your Shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same.

Although your actual costs may be higher or lower, based on these assumptions your costs at the end of each period would be:
Expense Example GLG International Small Cap Fund (USD $)
1 Year
3 Years
5 Years
10 Years
Class C Shares
 228 898      
Class I Shares
 242 745 1,275 2,726
The Example should not be considered a representation of past or future expenses or future investment performance. Actual expenses and total returns may be greater or lesser than those shown above.
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 Shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example above, reduce the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 138% of the average value of its portfolio.
Principal Investment Strategies
In pursuing its investment objective, the Fund will normally invest at least 80% of its net assets in the equity securities of small capitalization companies located outside of the United States. Equity securities consist of common stock, depositary receipts, and securities convertible into common stock, such as warrants, rights, convertible bonds, debentures and convertible preferred stocks. Our investment adviser, GLG Inc., considers a company to be a small capitalization company if it has a market capitalization that falls within the range of capitalizations of companies in the bottom 25% of the MSCI EAFE IMI Index1 (as defined at the beginning of each month) at the time of investment (“Market Cap Range”). As of July 31, 2012, the average market capitalization of the bottom 25% of the MSCI EAFE IMI Index ranged from $36.8 million to $7.283 billion and averaged $1.426 billion.

In determining which portfolio securities to purchase, the Adviser utilizes an investment approach that combines top-down analysis with bottom-up stock research and selection. The factors used by the Adviser in its top-down analysis include its evaluation of economic, political, regulatory, demographic or industry-specific trends and developments. From a bottom-up perspective, the factors the Adviser considers include assessments of management, industry structure, business model, financial information and intrinsic value. The Adviser seeks securities of companies which it deems to have attractive long-term prospects with valuations that are lower than the Adviser's perception of the companies' intrinsic value.

In determining which portfolio securities to sell, the Adviser generally considers one or more of the following factors, among others: (i) whether, for any reason, the Adviser's underlying rationale for investing in the security has changed; (ii) whether the proceeds from the sale of a portfolio security can be used to invest in a more attractive investment opportunity; (iii) optimizing asset allocation; (iv) if a security appreciates such that, as a total percentage of the portfolio, it becomes too large; and (v) if the company's management appears to be engaging in conduct not in the best interest of shareholders.

1        The MSCI EAFE IMI Index currently consists of the following 22 developed market country indices: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Greece, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom. The index reflects reinvested dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.
Principal Investment Risks
The Fund's investments are subject to a variety of risks that may cause the Fund's net asset value to fluctuate over time. Therefore, the value of your investment in the Fund could decline and you could lose money. Also, there is no assurance that the Adviser will achieve the Fund's investment objective. An investment in the Fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The principal risks of investing in the Fund include:

Company Risk. A company may perform poorly, and therefore, the value of its stocks and other securities may decline.

Emerging and Developing Markets Risk. There is risk associated with investing in securities of companies located or traded in developing or emerging markets, which are at an early stage of development and are significantly volatile. Therefore, the below “Foreign Investing Risks” are often more pronounced in these markets.

Equity Market Risk. The Fund’s Shares are sensitive to stock market volatility and the stocks in which the Fund invests may be more volatile than the stock market as a whole. If the stock market declines, the value of Fund Shares will also likely decline and, although stocks can rebound, there is no assurance that values will return to previous levels.

Foreign Investing Risks. Because the Fund invests significantly in foreign securities, it may be subject to the risks associated with foreign securities, such as country risk (the potentially adverse political, economic and other conditions of the country), currency risk (the constantly changing exchange rate between a local currency and the U.S. dollar) and custody risk (the risk associated with the process of clearing and settling Fund trades in foreign markets). There may be less publicly available information relating to foreign companies.

Liquidity Risk. Risk arises from a lack of marketability of securities which may make it difficult or impossible to sell at desirable prices in order to minimize loss.

Management Risk. There is risk associated with the Fund's dependence on the ability of the Adviser to achieve the Fund's investment objective based on the Adviser's ability to identify profitable investment opportunities for the Fund.

Small Cap Company Risk. Stocks of small capitalization companies may be subject to greater price fluctuations, limited liquidity, higher transaction costs and higher investment risk. There may be less publicly available information about such companies than for larger, more established companies.
Fund Performance
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance for the periods shown and how the Fund’s average annual returns over time compare with those of a broad-based securities market index. The returns are for Class I Shares (Class C Shares have not commenced operations). Past performance (both before and after taxes) is no guarantee of future results. Investors may obtain updated performance information by calling 1-877-593-0323.
Class I Shares
Calendar Year Total Return
    Best quarter:  06/11  1.08%
    Worst quarter:  09/11  (24.22)%
Bar Chart
[1] The 2012 year-to-date return for the Fund through June 30, 2012 was (0.39)%
The following table indicates how the Fund’s Class I Shares average annual returns for different calendar periods compared to the returns of a broad-based securities market index.
Average Annual Total Returns
(For the periods ended December 31, 2011)
Average Annual Total Returns GLG International Small Cap Fund
1 Year
Since Inception
Inception Date
Class I Shares
 [1] (25.15%) (21.80%) Dec. 07, 2010
Class I Shares Return After Taxes on Distributions
 [1] (25.12%) (21.77%) Dec. 07, 2010
Class I Shares Return After Taxes on Distributions and Sale of Fund Shares
 [1] (16.07%) (18.38%) Dec. 07, 2010
MSCI Small Cap EAFE Index (Reflects no deduction for taxes, expenses or fees.
 [1][2] (15.94%) (11.63%) Dec. 07, 2010
[1] Class C Shares have not yet commenced operations, therefore no returns are shown for Class C Shares.
[2] Investors cannot invest directly in an index. Source for MSCI Small Cap EAFE Index: MSCI. MSCI data may not be reproduced or used for any other purpose. MSCI has not prepared or approved this data, and has no liability hereunder.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the impact of state and local taxes. In some instances, the “Return after Taxes” on Distributions and Sale of Fund Shares may be greater than “Return before Taxes” because the investor is assumed to have a capital loss upon the sale of Fund Shares to offset other taxable gains. After-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown only for Class I Shares. After-tax returns for Class C Shares will vary.
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M`AX#%`````@`=EY2094J*G[#!```&R```!,`&````````0```*2!!HL``&=L M9VES="TR,#$R,#DR-RYX`L``00E#@``!#D!``!02P4& 2``````8`!@`F`@``%I`````` ` end XML 16 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } } XML 17 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Document and Entity Information
 12 Months Ended
Sep. 27, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date May 31, 2012
Registrant Name GLG INVESTMENT SERIES TRUST
Central Index Key 0001477079
Amendment Flag false
Document Creation Date Sep. 27, 2012
Document Effective Date Sep. 27, 2012
Prospectus Date Sep. 27, 2012
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