0001502745 2012-11-30 2012-11-30 0001502745 cik0001502745:S000039172Member 2012-11-30 2012-11-30 0001502745 cik0001502745:S000039172Member cik0001502745:C000120504Member 2012-11-30 2012-11-30 0001502745 cik0001502745:S000039172Member cik0001502745:C000120505Member 2012-11-30 2012-11-30 0001502745 cik0001502745:S000039172Member cik0001502745:C000120506Member 2012-11-30 2012-11-30 iso4217:USD xbrli:pure Estimated for the Fund's current fiscal year. The Fund's adviser has contractually agreed to waive its fees and/or absorb expenses of the Fund, until at least March 31, 2014, to ensure that total annual fund operating expenses after fee waiver and/or expense reimbursement (exclusive of any taxes, leverage interest, borrowing interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividend expense on securities sold short, acquired fund fees and expenses or extraordinary expenses such as litigation) will not exceed 1.60%, 2.35%, or 1.45% of the daily average net asset value of Class A, Class C, and Class I shares, respectively, subject to possible recoupment from the Fund in future years on a rolling three year basis (within the three years after the fees have been waived or reimbursed) if such recoupment can be achieved within the foregoing expense limits. This agreement may be terminated by the Fund's Board of Trustees on 60 days written notice to the adviser. Copeland Trust 485BPOS false 0001502745 2012-11-30 2012-12-07 2012-12-07 2012-12-10 Copeland International Risk Managed Dividend Growth Fund 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. 728 1218 238 907 148 637 ~ http://gemini.com/20121207/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact cik0001502745_S000039172Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based upon these assumptions your costs would be: Principal Investment Risks: As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.  Many factors affect the Fund's net asset value and performance.   · Foreign Investing Risk:  Investments in foreign countries are subject to country-specific risks such as political, diplomatic, regional conflicts, terrorism, war, social and economic instability and policies that have the effect of decreasing the value of foreign securities.  Foreign investments may experience greater volatility than U.S. investments. · Issuer-Specific Risk:  The value of a specific security can be more volatile than the market as a whole and may perform worse than the market as a whole. · Limited History of Operation:  The Fund is a new mutual fund and has a limited history of operation. · Management Risk:  The adviser's dependence on its dividend growth and sector rotation strategies and judgments about the attractiveness, value and potential appreciation of particular securities in which the Fund invests may prove incorrect and may not produce the desired results. · Market Risk:  Overall securities market risks may affect the value of individual securities in which the Fund invests.  Factors such as foreign and domestic economic growth and market conditions, interest rate levels, and political events affect the securities markets. · REIT Risk:  A REIT's performance depends on the types and locations of the rental properties it owns and on how well it manages those properties.  Real estate values rise and fall in response to a variety of factors, including local, regional and national economic conditions, interest rates and tax considerations.   · Return Tracking Risk:  The Fund will not be able to replicate exactly the performance of IDVG because the returns generated by the Fund's securities will be reduced by transaction costs.  In addition, the Fund will incur expenses, such as management fees, not incurred by IDVG.  The adviser's judgments about the return tracking characteristics of securities may prove incorrect and may not produce the desired results. · Small and Medium Capitalization Risk:  The value of a small or medium capitalization company securities may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. · Turnover Risk:  A higher portfolio turnover will result in higher transactional and brokerage costs.  Active trading of securities may also increase the Fund's realized capital gains or losses, which may increase the taxes you pay as a Fund shareholder and reduces after-tax returns if Fund shares are held in a taxable account. As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. 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.  You may qualify for sales charge discounts on purchases of Class A shares 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 or in How to Purchase Shares on page 17 of this Prospectus and in “Purchase, Redemption and Pricing of Shares” on page 45 of the Fund’s Statement of Additional Information (“SAI”). 0.0575 0.0000 0.0000 0.0100 0.0000 0.0000 0.0000 0.0000 0.0000 -0.0100 -0.0100 -0.0100 0.0110 0.0110 0.0110 0.0025 0.0100 0.0000 0.0110 0.0110 0.0120 0.0000 0.0000 0.0010 0.0110 0.0110 0.0110 0.0245 0.0320 0.0230 -0.0085 -0.0085 -0.0085 0.0160 0.0235 0.0145 ~ http://gemini.com/20121207/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact cik0001502745_S000039172Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://gemini.com/20121207/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact cik0001502745_S000039172Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2014-03-31 You may qualify for sales charge discounts on purchases of Class A shares if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment) Estimated for the Fund's current fiscal year. 50000 Shareholder Fees(fees paid directly from your investment) 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 may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance. Principal Investment Strategies:  The Fund seeks to achieve its investment objectives of producing long-term capital appreciation and income <strike/>while preserving capital by purchasing equities of companies with a proven track record of dividend growth within sectors forecasted to appreciate by the adviser's quantitative model.  The Fund <strike/>uses the same strategy as and tracks the performance of the Copeland International Risk Managed Dividend Growth Index ("IDVG"), a publicly-available index published by NASDAQ.  IDVG and the Fund are composed of common stocks, preferred stocks and real estate investment trusts ("REITs") of non-US headquartered companies or entities that have raised their dividends for a minimum of five consecutive years; and cash equivalents.  As an international fund, the Fund invests, under normal market conditions, in at least three different foreign countries, and at least 40% of its assets outside of the US. Under normal market conditions, the Fund invests at least 80% of its assets in securities that have increased their dividend for a minimum of five consecutive years.  To manage risk, the adviser utilizes a quantitative model to determine when abnormal market conditions exist, which may lead to the investment of up to 100% of the portfolio in cash and cash equivalents <strike></strike>for temporary defensive purposes.  Specifically, the adviser utilizes quantitative signals that forecast which sectors of the market are likely to appreciate or depreciate in value.  By avoiding negative sectors and increasing the Fund's allocation to positive sectors and/or cash and cash equivalents, the adviser attempts to limit losses.  The Fund further manages risk through its diversification strategy of allocating generally no more than 5% to a single equity security, measured at time of purchase.  The Fund, in general, invests in companies with a market capitalization of at least $2 Billion upon purchase, but is not restricted to any market capitalization range. The adviser sells securities when they no longer meet its fundamental dividend growth criteria or quantitative sector selection criteria.  The adviser may engage in active and frequent trading to meet the Fund's investment objective. 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.  Also, shareholder reports containing financial and performance information will be mailed to shareholders semi-annually.  Once the Fund has commenced operations, performance information can be obtained by calling 1-888-9-COPELAND. Because the Fund has less than a full calendar year of investment operations, no performance information is presented for the Fund at this time. 1-888-9-COPELAND Investment Objectives: The Fund seeks long-term capital appreciation and income while preserving capital in declining markets.