REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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Pre‑Effective Amendment No.
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Post‑Effective Amendment No.853
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and
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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☒
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Amendment No. 855
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ý
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immediately upon filing pursuant to paragraph (b)
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on pursuant to paragraph (b)
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60 days after filing pursuant to paragraph (a)(1)
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on pursuant to paragraph (a)(1)
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75 days after filing pursuant to paragraph (a)(2)
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on pursuant to paragraph (a)(2) of Rule 485.
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[ ] |
this post-effective amendment designates a new effective date for a previously filed post-effective amendment.
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Signature
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Title
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Date
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Gail S. Duree*
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Trustee
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September 11, 2018
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Gail S. Duree
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David G. Mertens*
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Trustee
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September 11, 2018
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David G. Mertens
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George Rebhan*
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Trustee
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September 11, 2018
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George Rebhan
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Raymond B. Woolson*
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Trustee
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September 112018
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Raymond B. Woolson
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Joe D. Redwine*
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Trustee
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September 11 2018
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Joe D. Redwine
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/s/ Cheryl L. King
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Treasurer and Principal
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September 11 2018
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Cheryl L. King
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Financial Officer
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/s/ Douglas G. Hess
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President, Chief Executive Officer
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September 11 2018
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Douglas G. Hess
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and Principal Executive Officer
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*By: /s/ Douglas G. Hess
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September 11 2018
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Douglas G. Hess
Attorney-In Fact pursuant
to Power of Attorney
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Exhibit
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Exhibit No.
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Instance Document
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EX-101.INS
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Schema Document
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EX-101.SCH
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Calculation Linkbase Document
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EX-101.CAL
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Definition Linkbase Document
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EX-101.DEF
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Label Linkbase Document
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EX-101.LAB
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Presentation Linkbase Document
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EX-101.PRE
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Document and Entity Information |
Total |
---|---|
Prospectus: | |
Document Type | 485BPOS |
Document Period End Date | Apr. 30, 2018 |
Registrant Name | ADVISORS SERIES TRUST |
Central Index Key | 0001027596 |
Amendment Flag | false |
Document Creation Date | Aug. 24, 2018 |
Document Effective Date | Aug. 28, 2018 |
Prospectus Date | Aug. 28, 2018 |
Logan Capital Large Cap Growth Fund | Investor Class | |
Prospectus: | |
Trading Symbol | LGNHX |
Logan Capital Large Cap Growth Fund | Institutional Class | |
Prospectus: | |
Trading Symbol | LGNGX |
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Logan Capital Large Cap Growth Fund
Logan Capital Large Cap Growth Fund
Investment Objective
Fees and Expenses of the Fund
SHAREHOLDER FEES (fees paid directly from your investment)
Redemption Fee (as a percentage of amount redeemed on shares held for 180 days or less)
1.00%
1.00%
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Management Fees
0.65%
0.65%
Distribution and Service (Rule 12b-1) Fees
none
0.25%
Other Expenses
0.74%
0.74%
Total Annual Fund Operating Expenses
1.39%
1.64%
Less: Expense Reimbursement
[1]
(0.15%)
(0.15%)
Total Annual Fund Operating Expenses After Expense Reimbursement
1.24%
1.49%
[1]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Large Cap Growth Fund expenses in order to limit Total Annual Fund Operating Expenses After Expense Reimbursement (excluding acquired fund fees and expenses ("AFFE"), taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.24% and 1.49% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Example
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Institutional Class
126
425
746
1,656
Investor Class
152
503
878
1,931
Portfolio Turnover
Principal Investment Strategies of the Fund
Principal Investment Risks
Performance
Calendar Year Total Return as of December 31 – Institutional Class*
Average Annual Total Returns (For the periods ended December 31, 2017)
Institutional Class
Return Before Taxes, Institutional Class
31.31%
15.62%
15.21%
Jun. 28, 2012
Investor Class
Return Before Taxes, Investor Class
31.14%
15.35%
14.93%
Jun. 28, 2012
After Taxes on Distributions | Institutional Class
Return After Taxes on Distributions, Institutional Class
31.31%
15.52%
15.12%
After Taxes on Distributions and Sale of Fund Shares | Institutional Class
Return After Taxes on Distributions and Sale of Fund Shares, Institutional Class
17.72%
12.60%
12.34%
Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes)
Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes)
30.21%
17.33%
17.13%
Jun. 28, 2012
Label
Element
Value
Logan Capital Large Cap Growth Fund
Risk/Return:
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Logan Capital Large Cap Growth Fund
Objective [Heading]
rr_ObjectiveHeading
Investment Objective
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Expense [Heading]
rr_ExpenseHeading
Fees and Expenses of the Fund
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
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
Aug. 27, 2019
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio Turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
Portfolio Turnover, Rate
rr_PortfolioTurnoverRate
8.00%
Expense Example [Heading]
rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block]
rr_ExpenseExampleNarrativeTextBlock
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:
Strategy [Heading]
rr_StrategyHeading
Principal Investment Strategies of the Fund
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
Risk [Heading]
rr_RiskHeading
Principal Investment Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
Risk Lose Money [Text]
rr_RiskLoseMoney
Losing all or a portion of your money on your investment is a risk of investing in the Large Cap Growth Fund.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
Performance Information Illustrates Variability of Returns [Text]
rr_PerformanceInformationIllustratesVariabilityOfReturns
The following information provides some indication of the risks of investing in the Large Cap Growth Fund.
Performance Availability Phone [Text]
rr_PerformanceAvailabilityPhone
1-855-215-1200
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
www.logancapital.com/funds
Performance Past Does Not Indicate Future [Text]
rr_PerformancePastDoesNotIndicateFuture
The Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading]
rr_BarChartHeading
Calendar Year Total Return as of December 31 – Institutional Class*
Bar Chart Footnotes [Text Block]
rr_BarChartFootnotesTextBlock
Bar Chart Closing [Text Block]
rr_BarChartClosingTextBlock
Year to Date Return, Label
rr_YearToDateReturnLabel
year-to-date return
Bar Chart, Year to Date Return, Date
rr_BarChartYearToDateReturnDate
Jun. 30, 2018
Bar Chart, Year to Date Return
rr_BarChartYearToDateReturn
11.29%
Highest Quarterly Return, Label
rr_HighestQuarterlyReturnLabel
highest quarterly return
Highest Quarterly Return, Date
rr_BarChartHighestQuarterlyReturnDate
Dec. 31, 2013
Highest Quarterly Return
rr_BarChartHighestQuarterlyReturn
12.50%
Lowest Quarterly Return, Label
rr_LowestQuarterlyReturnLabel
lowest quarterly return
Lowest Quarterly Return, Date
rr_BarChartLowestQuarterlyReturnDate
Sep. 30, 2015
Lowest Quarterly Return
rr_BarChartLowestQuarterlyReturn
(5.58%)
Index No Deduction for Fees, Expenses, Taxes [Text]
rr_IndexNoDeductionForFeesExpensesTaxes
(reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate
rr_PerformanceTableUsesHighestFederalRate
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred
rr_PerformanceTableNotRelevantToTaxDeferred
Actual after-tax returns depend on your situation and may differ from those shown. Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs").
Performance Table One Class of after Tax Shown [Text]
rr_PerformanceTableOneClassOfAfterTaxShown
After-tax returns are shown only for the Institutional Class; after-tax returns for the Investor Class will vary to the extent it has different expenses.
Performance Table Closing [Text Block]
rr_PerformanceTableClosingTextBlock
Caption
rr_AverageAnnualReturnCaption
Average Annual Total Returns (For the periods ended December 31, 2017)
Logan Capital Large Cap Growth Fund | Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes)
Risk/Return:
rr_RiskReturnAbstract
Label
rr_AverageAnnualReturnLabel
Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes)
Average Annual Returns, 1 Year
rr_AverageAnnualReturnYear01
30.21%
Average Annual Returns, 5 Years
rr_AverageAnnualReturnYear05
17.33%
Average Annual Returns, Since Inception
rr_AverageAnnualReturnSinceInception
17.13%
Average Annual Returns, Inception Date
rr_AverageAnnualReturnInceptionDate
Jun. 28, 2012
Logan Capital Large Cap Growth Fund | Institutional Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.65%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
none
Other Expenses
rr_OtherExpensesOverAssets
0.74%
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
1.39%
Less: Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.15%)
[1]
Total Annual Fund Operating Expenses After Expense Reimbursement
rr_NetExpensesOverAssets
1.24%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 126
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
425
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
746
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,656
Annual Return 2013
rr_AnnualReturn2013
36.36%
Annual Return 2014
rr_AnnualReturn2014
5.24%
Annual Return 2015
rr_AnnualReturn2015
7.34%
Annual Return 2016
rr_AnnualReturn2016
2.13%
Annual Return 2017
rr_AnnualReturn2017
31.31%
Label
rr_AverageAnnualReturnLabel
Return Before Taxes, Institutional Class
Average Annual Returns, 1 Year
rr_AverageAnnualReturnYear01
31.31%
Average Annual Returns, 5 Years
rr_AverageAnnualReturnYear05
15.62%
Average Annual Returns, Since Inception
rr_AverageAnnualReturnSinceInception
15.21%
Average Annual Returns, Inception Date
rr_AverageAnnualReturnInceptionDate
Jun. 28, 2012
Logan Capital Large Cap Growth Fund | Institutional Class | After Taxes on Distributions
Risk/Return:
rr_RiskReturnAbstract
Label
rr_AverageAnnualReturnLabel
Return After Taxes on Distributions, Institutional Class
Average Annual Returns, 1 Year
rr_AverageAnnualReturnYear01
31.31%
Average Annual Returns, 5 Years
rr_AverageAnnualReturnYear05
15.52%
Average Annual Returns, Since Inception
rr_AverageAnnualReturnSinceInception
15.12%
Logan Capital Large Cap Growth Fund | Institutional Class | After Taxes on Distributions and Sale of Fund Shares
Risk/Return:
rr_RiskReturnAbstract
Label
rr_AverageAnnualReturnLabel
Return After Taxes on Distributions and Sale of Fund Shares, Institutional Class
Average Annual Returns, 1 Year
rr_AverageAnnualReturnYear01
17.72%
Average Annual Returns, 5 Years
rr_AverageAnnualReturnYear05
12.60%
Average Annual Returns, Since Inception
rr_AverageAnnualReturnSinceInception
12.34%
Logan Capital Large Cap Growth Fund | Investor Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.65%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Other Expenses
rr_OtherExpensesOverAssets
0.74%
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
1.64%
Less: Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.15%)
[1]
Total Annual Fund Operating Expenses After Expense Reimbursement
rr_NetExpensesOverAssets
1.49%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 152
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
503
Expense Example, with Redemption, 5 Years
rr_ExpenseExampleYear05
878
Expense Example, with Redemption, 10 Years
rr_ExpenseExampleYear10
$ 1,931
Label
rr_AverageAnnualReturnLabel
Return Before Taxes, Investor Class
Average Annual Returns, 1 Year
rr_AverageAnnualReturnYear01
31.14%
Average Annual Returns, 5 Years
rr_AverageAnnualReturnYear05
15.35%
Average Annual Returns, Since Inception
rr_AverageAnnualReturnSinceInception
14.93%
Average Annual Returns, Inception Date
rr_AverageAnnualReturnInceptionDate
Jun. 28, 2012
[1]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Large Cap Growth Fund expenses in order to limit Total Annual Fund Operating Expenses After Expense Reimbursement (excluding acquired fund fees and expenses ("AFFE"), taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.24% and 1.49% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Logan Capital International Fund
Logan Capital International Fund
Investment Objective
Fees and Expenses of the Fund
SHAREHOLDER FEES (fees paid directly from your investment)
Redemption Fee (as a percentage of amount redeemed on shares held for 180 days or less)
1.00%
1.00%
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Management Fees
0.70%
0.70%
Distribution and Service (Rule 12b-1) Fees
none
0.25%
Other Expenses (includes Shareholder Servicing Plan Fee)
[1]
2.18%
2.18%
Shareholder Servicing Plan Fee
0.10%
0.10%
Total Annual Fund Operating Expenses
2.88%
3.13%
Less: Fee Waiver and Expense Reimbursement
[2]
(1.63%)
(1.63%)
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
1.25%
1.50%
[1]
Other expenses are based on estimated International Fund expenses for the current fiscal year.
[2]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay International Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.25% and 1.50% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Example
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Institutional Class
127
738
Investor Class
153
813
Portfolio Turnover
Principal Investment Strategies of the Fund
Principal Investment Risks
Performance
Label
Element
Value
Logan Capital International Fund
Risk/Return:
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Logan Capital International Fund
Objective [Heading]
rr_ObjectiveHeading
Investment Objective
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Expense [Heading]
rr_ExpenseHeading
Fees and Expenses of the Fund
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
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
Aug. 27, 2019
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio Turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
Other Expenses, New Fund, Based on Estimates [Text]
rr_OtherExpensesNewFundBasedOnEstimates
Other expenses are based on estimated International Fund expenses for the current fiscal year.
Expense Example [Heading]
rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block]
rr_ExpenseExampleNarrativeTextBlock
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:
Strategy [Heading]
rr_StrategyHeading
Principal Investment Strategies of the Fund
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
Risk [Heading]
rr_RiskHeading
Principal Investment Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
Risk Lose Money [Text]
rr_RiskLoseMoney
Losing all or a portion of your money on your investment is a risk of investing in the International Fund.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text]
rr_PerformanceOneYearOrLess
When the International Fund has been in operation for a full calendar year, performance information will be shown here.
Performance Availability Phone [Text]
rr_PerformanceAvailabilityPhone
1-855-215-1200
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
www.logancapital.com/funds
Logan Capital International Fund | Institutional Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.70%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
none
Shareholder Servicing Plan Fee
rr_Component1OtherExpensesOverAssets
0.10%
Other Expenses (includes Shareholder Servicing Plan Fee)
rr_OtherExpensesOverAssets
2.18%
[1]
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
2.88%
Less: Fee Waiver and Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.63%)
[2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
rr_NetExpensesOverAssets
1.25%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 127
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
$ 738
Logan Capital International Fund | Investor Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.70%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Shareholder Servicing Plan Fee
rr_Component1OtherExpensesOverAssets
0.10%
Other Expenses (includes Shareholder Servicing Plan Fee)
rr_OtherExpensesOverAssets
2.18%
[1]
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
3.13%
Less: Fee Waiver and Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.63%)
[2]
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
$ 813
[1]
Other expenses are based on estimated International Fund expenses for the current fiscal year.
[2]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay International Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.25% and 1.50% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Logan Capital Small Cap Growth Fund
Logan Capital Small Cap Growth Fund
Investment Objective
Fees and Expenses of the Fund
SHAREHOLDER FEES (fees paid directly from your investment)
Redemption Fee (as a percentage of amount redeemed on shares held for 180 days or less)
1.00%
1.00%
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Management Fees
0.80%
0.80%
Distribution and Service (Rule 12b-1) Fees
none
0.25%
Other Expenses (includes Shareholder Servicing Plan Fee)
[1]
2.18%
2.18%
Shareholder Servicing Plan Fee
0.10%
0.10%
Total Annual Fund Operating Expenses
2.98%
3.23%
Less: Fee Waiver and Expense Reimbursement
[2]
(1.73%)
(1.73%)
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
1.25%
1.50%
[1]
Other expenses are based on estimated Small Cap Growth Fund expenses for the current fiscal year.
[2]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Small Cap Growth Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.25% and 1.50% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Example
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Institutional Class
127
758
Investor Class
153
833
Portfolio Turnover
Principal Investment Strategies of the Fund
Principal Investment Risks
Performance
Label
Element
Value
Logan Capital Small Cap Growth Fund
Risk/Return:
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Logan Capital Small Cap Growth Fund
Objective [Heading]
rr_ObjectiveHeading
Investment Objective
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Expense [Heading]
rr_ExpenseHeading
Fees and Expenses of the Fund
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
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
Aug. 27, 2019
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio Turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
Other Expenses, New Fund, Based on Estimates [Text]
rr_OtherExpensesNewFundBasedOnEstimates
Other expenses are based on estimated Small Cap Growth Fund expenses for the current fiscal year.
Expense Example [Heading]
rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block]
rr_ExpenseExampleNarrativeTextBlock
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:
Strategy [Heading]
rr_StrategyHeading
Principal Investment Strategies of the Fund
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
Risk [Heading]
rr_RiskHeading
Principal Investment Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
Risk Lose Money [Text]
rr_RiskLoseMoney
Losing all or a portion of your money on your investment is a risk of investing in the Small Cap Growth Fund.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text]
rr_PerformanceOneYearOrLess
When the Small Cap Growth Fund has been in operation for a full calendar year, performance information will be shown here.
Performance Availability Phone [Text]
rr_PerformanceAvailabilityPhone
1-855-215-1200
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
www.logancapital.com/funds
Logan Capital Small Cap Growth Fund | Institutional Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.80%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
none
Shareholder Servicing Plan Fee
rr_Component1OtherExpensesOverAssets
0.10%
Other Expenses (includes Shareholder Servicing Plan Fee)
rr_OtherExpensesOverAssets
2.18%
[1]
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
2.98%
Less: Fee Waiver and Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.73%)
[2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
rr_NetExpensesOverAssets
1.25%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 127
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
$ 758
Logan Capital Small Cap Growth Fund | Investor Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.80%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Shareholder Servicing Plan Fee
rr_Component1OtherExpensesOverAssets
0.10%
Other Expenses (includes Shareholder Servicing Plan Fee)
rr_OtherExpensesOverAssets
2.18%
[1]
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
3.23%
Less: Fee Waiver and Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(1.73%)
[2]
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
$ 833
[1]
Other expenses are based on estimated Small Cap Growth Fund expenses for the current fiscal year.
[2]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Small Cap Growth Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.25% and 1.50% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Logan Capital Large Cap Core Fund
Logan Capital Large Cap Core Fund
Investment Objective
Fees and Expenses of the Fund
SHAREHOLDER FEES (fees paid directly from your investment)
Redemption Fee (as a percentage of amount redeemed on shares held for 180 days or less)
1.00%
1.00%
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Management Fees
0.70%
0.70%
Distribution and Service (Rule 12b-1) Fees
none
0.25%
Other Expenses (includes Shareholder Servicing Plan Fee)
[1]
0.79%
0.79%
Shareholder Servicing Plan Fee
0.10%
0.10%
Total Annual Fund Operating Expenses
1.49%
1.74%
Less: Fee Waiver and Expense Reimbursement
[2]
(0.24%)
(0.24%)
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
1.25%
1.50%
[1]
Other expenses are based on estimated Large Cap Core Fund expenses for the current fiscal year.
[2]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Large Cap Core Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.25% and 1.50% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Example
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Institutional Class
127
447
Investor Class
153
525
Portfolio Turnover
Principal Investment Strategies of the Fund
Principal Investment Risks
Performance
Label
Element
Value
Logan Capital Large Cap Core Fund
Risk/Return:
rr_RiskReturnAbstract
Risk/Return [Heading]
rr_RiskReturnHeading
Logan Capital Large Cap Core Fund
Objective [Heading]
rr_ObjectiveHeading
Investment Objective
Objective, Primary [Text Block]
rr_ObjectivePrimaryTextBlock
Expense [Heading]
rr_ExpenseHeading
Fees and Expenses of the Fund
Expense Narrative [Text Block]
rr_ExpenseNarrativeTextBlock
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
Aug. 27, 2019
Portfolio Turnover [Heading]
rr_PortfolioTurnoverHeading
Portfolio Turnover
Portfolio Turnover [Text Block]
rr_PortfolioTurnoverTextBlock
Other Expenses, New Fund, Based on Estimates [Text]
rr_OtherExpensesNewFundBasedOnEstimates
Other expenses are based on estimated Large Cap Core Fund expenses for the current fiscal year.
Expense Example [Heading]
rr_ExpenseExampleHeading
Example
Expense Example Narrative [Text Block]
rr_ExpenseExampleNarrativeTextBlock
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:
Strategy [Heading]
rr_StrategyHeading
Principal Investment Strategies of the Fund
Strategy Narrative [Text Block]
rr_StrategyNarrativeTextBlock
Risk [Heading]
rr_RiskHeading
Principal Investment Risks
Risk Narrative [Text Block]
rr_RiskNarrativeTextBlock
Risk Lose Money [Text]
rr_RiskLoseMoney
Losing all or a portion of your money on your investment is a risk of investing in the Fund.
Bar Chart and Performance Table [Heading]
rr_BarChartAndPerformanceTableHeading
Performance
Performance Narrative [Text Block]
rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text]
rr_PerformanceOneYearOrLess
When the Large Cap Core Fund has been in operation for a full calendar year, performance information will be shown here.
Performance Availability Phone [Text]
rr_PerformanceAvailabilityPhone
1-855-215-1200
Performance Availability Website Address [Text]
rr_PerformanceAvailabilityWebSiteAddress
www.logancapital.com/funds
Logan Capital Large Cap Core Fund | Institutional Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.70%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
none
Shareholder Servicing Plan Fee
rr_Component1OtherExpensesOverAssets
0.10%
Other Expenses (includes Shareholder Servicing Plan Fee)
rr_OtherExpensesOverAssets
0.79%
[1]
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
1.49%
Less: Fee Waiver and Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.24%)
[2]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement
rr_NetExpensesOverAssets
1.25%
Expense Example, with Redemption, 1 Year
rr_ExpenseExampleYear01
$ 127
Expense Example, with Redemption, 3 Years
rr_ExpenseExampleYear03
$ 447
Logan Capital Large Cap Core Fund | Investor Class
Risk/Return:
rr_RiskReturnAbstract
Redemption Fee (as a percentage of Amount Redeemed)
rr_RedemptionFeeOverRedemption
(1.00%)
Management Fees
rr_ManagementFeesOverAssets
0.70%
Distribution and Service (Rule 12b-1) Fees
rr_DistributionAndService12b1FeesOverAssets
0.25%
Shareholder Servicing Plan Fee
rr_Component1OtherExpensesOverAssets
0.10%
Other Expenses (includes Shareholder Servicing Plan Fee)
rr_OtherExpensesOverAssets
0.79%
[1]
Total Annual Fund Operating Expenses
rr_ExpensesOverAssets
1.74%
Less: Fee Waiver and Expense Reimbursement
rr_FeeWaiverOrReimbursementOverAssets
(0.24%)
[2]
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
$ 525
[1]
Other expenses are based on estimated Large Cap Core Fund expenses for the current fiscal year.
[2]
Logan Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Large Cap Core Fund expenses in order to limit Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, taxes, interest expense, dividends on securities sold short and extraordinary expenses) to 1.25% and 1.50% of average daily net assets of the Fund's Institutional Class shares and Investor Class shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 27, 2019, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Caps.
Label
Element
Value
Risk/Return:
rr_RiskReturnAbstract
Prospectus Date
rr_ProspectusDate
Aug. 28, 2018
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