0001162044-18-000020.txt : 20180112 0001162044-18-000020.hdr.sgml : 20180112 20180112135904 ACCESSION NUMBER: 0001162044-18-000020 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 24 FILED AS OF DATE: 20180112 DATE AS OF CHANGE: 20180112 EFFECTIVENESS DATE: 20180112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monteagle Funds CENTRAL INDEX KEY: 0001045701 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-41461 FILM NUMBER: 18525575 BUSINESS ADDRESS: STREET 1: 2506 WINFORD AVENUE CITY: NASHVILLE STATE: TN ZIP: 37211 BUSINESS PHONE: 888-263-5593 MAIL ADDRESS: STREET 1: 2506 WINFORD AVENUE CITY: NASHVILLE STATE: TN ZIP: 37211 FORMER COMPANY: FORMER CONFORMED NAME: Memorial Funds DATE OF NAME CHANGE: 20060420 FORMER COMPANY: FORMER CONFORMED NAME: Monteagle Funds DATE OF NAME CHANGE: 20060420 FORMER COMPANY: FORMER CONFORMED NAME: MEMORIAL FUNDS DATE OF NAME CHANGE: 19971208 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Monteagle Funds CENTRAL INDEX KEY: 0001045701 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-08529 FILM NUMBER: 18525576 BUSINESS ADDRESS: STREET 1: 2506 WINFORD AVENUE CITY: NASHVILLE STATE: TN ZIP: 37211 BUSINESS PHONE: 888-263-5593 MAIL ADDRESS: STREET 1: 2506 WINFORD AVENUE CITY: NASHVILLE STATE: TN ZIP: 37211 FORMER COMPANY: FORMER CONFORMED NAME: Memorial Funds DATE OF NAME CHANGE: 20060420 FORMER COMPANY: FORMER CONFORMED NAME: Monteagle Funds DATE OF NAME CHANGE: 20060420 FORMER COMPANY: FORMER CONFORMED NAME: MEMORIAL FUNDS DATE OF NAME CHANGE: 19971208 0001045701 S000001610 Monteagle Quality Growth Fund C000004357 Institutional Class MFGIX 0001045701 S000001611 Monteagle Fixed Income Fund C000004358 Institutional Class MFHRX 0001045701 S000001612 Monteagle Select Value Fund C000004359 Institutional Class MVEIX 0001045701 S000013355 Monteagle Value Fund C000036076 Institutional Class MVRGX 0001045701 S000021394 Monteagle Informed Investor Growth Fund C000061056 Institutional Class MIIFX 0001045701 S000041935 The Texas Fund C000130230 Class I BIGTX 485BPOS 1 monteaglexbrlfiling.htm XBRL Filing

  


 As filed with the Securities and Exchange Commission on January 8, 2018


Securities Act Registration No. 333-41461

Investment Company Act Reg. No. 811-08529


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549


FORM N-1A


REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

[X]

 

Pre-Effective Amendment No.

[   ]

 

Post-Effective Amendment No. 61

[X]

and/or

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

[X]

 

Amendment No. 64

[X]

(Check appropriate box or boxes.)


MONTEAGLE FUNDS

(Exact Name of Registrant as Specified in Charter)


2506 Winford Avenue, Nashville, TN  37211

(Address of Principal Executive Offices) (Zip Code)


Registrant's Telephone Number, including Area Code: (888) 263-5593


The Corporation Trust Company

Corporation Trust Center, 1209 Orange Street, Wilmington, DE 19801

(Name and Address of Agent for Service)


With Copies To:


Paul B. Ordonio, President

Monteagle Funds

2506 Winford Avenue

Nashville, TN 37211

C. Richard Ropka, Esq.

Law Office of C. Richard Ropka, LLC

215 Fries Mill Road

Turnersville, NJ 08012


Approximate Date of Proposed Public Offering: Immediately following effectiveness of this registration statement amendment.


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

|X|

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, as amended, (the “Securities Act”) 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 and the Registrant has duly caused this Post-Effective Amendment No. 61 to its registration statement to be signed on its behalf by the undersigned, duly authorized in the City of Abilene, State of Texas, on the 8th day of January, 2018.


 

MONTEAGLE FUNDS

 

 

 

By:

/s/ Paul B. Ordonio

 

 

Paul B. Ordonio, President


Pursuant to the requirements of the Securities Act this registration statement has been signed below by the following persons in the capacities and on the dates indicated:


/s/Paul B. Ordonio

President

1/8/2018

Paul B. Ordonio

 

Date

 

 

 

/s/Bob Anastasi

Treasurer

1/8/2018

Bob Anastasi

 

Date

 

 

 

*

Trustee

1/8/2018

Larry Joe Anderson

 

Date

 

 

 

*

Trustee

1/8/2018

David. J. Gruber

 

Date

 

 

 

*

Trustee

1/8/2018

Jeffrey W. Wallace

 

Date

 

 

 

*By: /s/ Paul B. Ordonio

 

1/8/2018

Paul B. Ordonio, Attorney-in-Fact

 

Date



Exhibit Index


Index No.

Description of Exhibit

EX-101.INS

XBRL Instance Document

EX-101.SCH

XBRL Taxonomy Extension Schema Document

EX-101.DEF

XBRL Taxonomy Extension Definition Linkbase

EX-101.LAB

XBRL Taxonomy Extension Labels Linkbase

EX-101.PRE

XBRL Taxonomy Extension Presentation Linkbase




  




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style="margin: 0">lowest return for a quarter</p> <p style="margin: 0">lowest return for a quarter</p> <p style="margin: 0">lowest return for a quarter</p> <p style="margin: 0">lowest return for a quarter</p> <p style="margin: 0">lowest return for a quarter</p> 0.1443 0.0332 0.1667 0.1530 0.1742 0.0780 -0.2395 -0.0283 -0.2773 -0.2728 -0.1069 -0.1208 2012-03-31 2008-12-31 2009-09-30 2009-09-30 2009-09-30 2016-12-31 2008-12-31 2013-06-30 2008-12-31 2008-12-31 2011-09-30 2015-09-30 <p style="margin: 0">After-tax returns are calculated using the historical highest individual federal marginal income tax rates</p> <p style="margin: 0">After-tax returns are calculated using the historical highest individual federal marginal income tax rates</p> <p style="margin: 0">After-tax returns are calculated using the historical highest individual federal marginal income tax rates</p> <p style="margin: 0">After-tax returns are calculated using the historical highest individual federal marginal income 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or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Investment Objective</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of the Monteagle Quality Growth Fund (the &#147;Fund&#148;) is long-term capital appreciation.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of the Monteagle Fixed Income Fund (the &#147;Fund&#148;) is total return.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of the Monteagle Select Value Fund (the &#147;Fund&#148;) is long-term capital appreciation.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of the Monteagle Value Fund (the &#147;Fund&#148;) is long term growth of capital.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of the Monteagle Informed Investor Growth Fund (the &#147;Fund&#148;) is long term growth of capital.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The investment objective of The Texas Fund (the &#147;Fund&#148;) is long-term capital appreciation. The Fund is an equity fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Fees and Expenses of the Fund</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">The table describes the fees and expenses you may pay if you buy and hold shares of the Fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0"><b>Example</b></p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&#160;</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">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. 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Although your actual costs may be higher or lower, based on these assumptions you costs would be:</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">&#160;</p> <p style="font: 10pt Arial, Helvetica, Sans-Serif; margin: 0">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&#146;s operating expenses remain the same. 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http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000021394Member ~</div> <div style="display: none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000041935Member ~</div> Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles. Performance reflects fee waivers by the Fund's investment adviser for periods prior to 2007; had advisory fees not been waived during such periods, returns would be less than those shown. Includes returns of the Unified Predecessor Fund. EX-101.SCH 3 mfhrx-20171220.xsd 00000003 - Document - Monteagle Quality Growth Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000004 - Document - Monteagle Fixed Income Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000005 - Document - Monteagle Select Value Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000006 - Document - Monteagle Value Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000007 - Document - Monteagle Informed Investor Growth Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 00000008 - Document - The Texas Fund Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.DEF 4 mfhrx-20171220_def.xml EX-101.LAB 5 mfhrx-20171220_lab.xml Monteagle Quality Growth Fund Legal Entity [Axis] S&P 500 Index (reflects no deduction for fees, expenses or taxes) Performance Measure [Axis] Institutional Class Share Class [Axis] After Taxes on Distributions After Taxes on Distributions and Sales Monteagle Fixed Income Fund Barclays Capital Intermediate US Government/Credit Bond Index (reflects no deduction for fees, expenses, or taxes) Institutional Class Monteagle Select Value Fund S&P 500 Index (reflects no deduction for fees, expenses or taxes) Institutional Class Monteagle Value Fund S&P 500 Index (reflects no deduction for fees, expenses or taxes) Institutional Class Monteagle Informed Investor Growth Fund S&P 500 Index (reflects no deduction for fees, expenses or taxes) Institutional Class The Texas Fund S&P 500 Index (reflects no deduction for fees, expenses or taxes) Class I Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) BofA Merrill Lynch 1-10 Yr AAA-A US Corporate & Government Index (reflects no deduction for fees, expenses or taxes) Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes) Prospectus: [Table] Prospectus [Line Items] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, With Redemption [Table] Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption [Table] Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Bar Chart Narrative [Text Block] Bar Chart [Heading] Bar Chart [Table] Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance [Table] Market Index Performance [Table] Performance Table Footnotes Performance Table Closing [Text Block] Risk/Return [Heading] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge (Load) Imposed on Purchases Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Deferred Sales Charge (Load) Sales Charge (Load) Imposed on Reinvested Distributions Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Column [Text] Management Fees Distribution and/or Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other Expenses Acquired (Underlying) Fund Fees and Expenses Total Annual Fund Operating Expenses Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Expense Example, By Year, Column [Text] One Year Three Years Five Years Ten Years Expense Example, No Redemption, By Year, Column [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Label 1 Year 5 Years 10 Years Since Inception Inception Date Risk/Return Detail [Table] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Strategy Portfolio Concentration [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Caption Column Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone 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Monteagle Quality Growth Fund

Investment Objective

The investment objective of the Monteagle Quality Growth Fund (the “Fund”) is long-term capital appreciation.

Fees and Expenses of the Fund

This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees
Monteagle Quality Growth Fund
USD ($)
Maximum Sales Charge (Load) Imposed on Purchases none
Maximum Deferred Sales Charge (Load) none
Sales Charge (Load) Imposed on Reinvested Distributions none
Redemption Fee none
Exchange Fee none

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

Annual Fund Operating Expenses
Monteagle Quality Growth Fund
Management Fees 1.20%
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.12%
Acquired (Underlying) Fund Fees and Expenses 0.01%
Total Annual Fund Operating Expenses 1.33%

Example

This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

 

The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example
One Year
Three Years
Five Years
Ten Years
Monteagle Quality Growth Fund | USD ($) 135 421 729 1,601

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 31% of the average value of its portfolio.

Principal Investment Strategies

The Fund uses a “growth investing” style by investing, under normal circumstances, at least 80% of its assets in the common stock of domestic companies that its Sub-adviser believes have superior growth potential and fundamental characteristics that are significantly better than the market average and support internal earnings growth capability. The Fund invests in small and mid-capitalization companies that have a minimum market capitalization of $250 million at the time of purchase. The Fund seeks to maintain a minimum average weighted market capitalization of at least $5 billion.

Principal Investment Risks

An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

 

Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

 

Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

 

Small and Mid-Capitalization Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

 

An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

Performance

The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

 

The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

Bar Chart

The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 17.46%.

 

During the period shown in the bar chart, the highest quarterly return was 14.43% (for the quarter ended March 31, 2012) and the lowest return was -23.95% (for the quarter ended December 31, 2008).

Average Annual Total Returns

For Period Ended December 31, 2016

The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index and the Russell 1000 Growth Index. The Russell 1000 Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe and includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values, is provided as a supplemental benchmark because it is reflective of the market for growth stocks in which the Fund invests. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

Average Annual Total Returns - Monteagle Quality Growth Fund
1 Year
5 Years
10 Years
[1]
Institutional Class 6.27% 10.53% 6.06%
Institutional Class | After Taxes on Distributions 4.38% 9.66% 5.63%
Institutional Class | After Taxes on Distributions and Sales 4.89% 8.28% 4.83%
S&P 500 Index (reflects no deduction for fees, expenses or taxes) 11.93% 14.62% 6.93%
Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) 7.08% 14.51% 8.34%
[1] Performance reflects fee waivers by the Fund's investment adviser for periods prior to 2007; had advisory fees not been waived during such periods, returns would be less than those shown.
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    Monteagle Fixed Income Fund

    Investment Objective

    The investment objective of the Monteagle Fixed Income Fund (the “Fund”) is total return.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    Shareholder Fees
    Monteagle Fixed Income Fund
    USD ($)
    Maximum Sales Charge (Load) Imposed on Purchases none
    Maximum Deferred Sales Charge (Load) none
    Sales Charge (Load) Imposed on Reinvested Distributions none
    Redemption Fee none
    Exchange Fee none

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

    Annual Fund Operating Expenses
    Monteagle Fixed Income Fund
    Management Fees 0.96%
    Distribution and/or Service (12b-1) Fees none
    Other Expenses 0.09%
    Acquired (Underlying) Fund Fees and Expenses 0.01% [1]
    Total Annual Fund Operating Expenses 1.06% [1]
    [1] Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.

    Example

    This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions you costs would be:

    Expense Example
    One Year
    Three Years
    Five Years
    Ten Years
    Monteagle Fixed Income Fund | USD ($) 108 337 585 1,294

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund seeks to achieve its objective of total return through capital appreciation on the bonds and other securities held and income on those securities. The Fund invests in investment grade intermediate term fixed income securities maintaining an average maturity of bonds and notes (on a dollar weighted basis) between 3 and 8 years; and rated at least Aa or higher by Moody’s Investors Service, Inc. or AA or higher by Standard & Poor’s Ratings Group for municipal bonds and A or higher by Moody’s Investors Service, Inc. or Standard & Poor’s Ratings Group for corporate bonds. Under normal circumstances, at least 80% of the Fund’s net assets will be fixed income securities, including U.S. government securities, securities issued by agencies of the U.S. government, mortgage-backed securities, taxable municipal bonds and corporate debt securities, with no more than 70% in any one category. The Fund, based on assessment of market conditions, will either lengthen or shorten the average maturity of the portfolio and/or switch between bonds of different sectors, with the view of maximizing the total return for the types of obligations purchased. The securities purchased may have maturities ranging from overnight to 30 years.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Fixed Income Risk. The Fund’s share price, yield and total return will fluctuate in response interest rate movements. Prices of fixed income securities with longer effective maturities are more sensitive to interest rate changes than those with shorter effective maturities. The value of your investment may decrease when interest rates rise. To the extent the Fund invests in fixed income securities with longer maturities, the Fund will be more greatly affected by changes in interest rates, and will be more volatile, than a fund that invests in securities with shorter maturities. Rising interest rates may also reduce the amount of prepayments on the assets backing these securities, causing the Fund’s average maturity to rise and increasing the Fund’s potential for losses in value. The value of the Fund’s holdings will also be affected by the credit-worthiness of such holdings. To the extent a particular holding is deemed to be of a lower credit quality than when the Fund purchased it, the value of such holding may decline.

     

    Mortgage-Backed Securities Risk. The Fund may invest in mortgage-backed and other mortgage related securities. A decline in interest rates may result in losses in these securities’ values if actual prepayments occur at a much faster pace than had been expected when the securities were purchased.

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of bond market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    Bar Chart

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 1.37%.

     

    During the period shown in the bar chart, the highest return for a quarter was 3.32% (for the quarter ended December 31, 2008) and the lowest return was -2.83% (for the quarter ended June 30, 2013).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The following table shows how the Fund’s average annual total returns compare to those of the Barclays Capital Intermediate U.S. Government/Credit Bond Index (formerly the Lehman Brothers Intermediate U.S. Government/Credit Bond Index) and the BofA Merrill Lynch 1-10 Yr. AAA-A U.S. Corporate & Government Index. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Average Annual Total Returns - Monteagle Fixed Income Fund
    1 Year
    5 Years
    10 Years
    Institutional Class 1.14% 0.90% 2.96%
    Institutional Class | After Taxes on Distributions 0.60% 0.26% 2.02%
    Institutional Class | After Taxes on Distributions and Sales 0.65% 0.42% 1.93%
    Barclays Capital Intermediate US Government/Credit Bond Index (reflects no deduction for fees, expenses, or taxes) 2.08% 1.84% 3.83%
    BofA Merrill Lynch 1-10 Yr AAA-A US Corporate & Government Index (reflects no deduction for fees, expenses or taxes) 1.51% 1.59% 3.57%
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    Monteagle Select Value Fund

    Investment Objective

    The investment objective of the Monteagle Select Value Fund (the “Fund”) is long-term capital appreciation.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    Shareholder Fees
    Monteagle Select Value Fund
    USD ($)
    Maximum Sales Charge (Load) Imposed on Purchases none
    Maximum Deferred Sales Charge (Load) none
    Sales Charge (Load) Imposed on Reinvested Distributions none
    Redemption Fee none
    Exchange Fee none

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

    Annual Fund Operating Expenses
    Monteagle Select Value Fund
    Management Fees 1.20%
    Distribution and/or Service (12b-1) Fees none
    Other Expenses 0.19%
    Acquired (Underlying) Fund Fees and Expenses 0.01% [1]
    Total Annual Fund Operating Expenses 1.40% [1]
    [1] Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.

    Example

    This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    Expense Example
    One Year
    Three Years
    Five Years
    Ten Years
    Monteagle Select Value Fund | USD ($) 143 443 766 1,680

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 25% of the average value of its portfolio. As of August 31, 2017, the Fund’s portfolio turnover rate was 127% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund uses a “value investing” style by investing, under normal circumstances, at least 80% of its assets in the common stock of domestic companies that the Fund’s Sub-adviser believes are underpriced relative to comparable securities determined by price/earnings ratios, cash flows or other measures. The Sub-adviser relies on stock selection to achieve its results, rather than trying to time market fluctuations. In selecting stocks, the Sub-adviser establishes valuation parameters, by using relative ratios or target prices to evaluate companies on several levels. The Fund invests only in large capitalization companies included in the S&P 500® Index. The Fund seeks to maintain a minimum average weighted market capitalization of at least $5 billion. Once investments are identified for purchase, the Subadvisor will screen these investments using the eVALUEator screening software to exclude from the Fund’s investments companies that produce, promote, advertise, sponsor, or offer services related to, abortion (or abortion products), pornography, human rights, gambling, and those entertainment companies that produce or support anti-family content in film, games, print, or television (“Excluded Securities”).

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Large Company Risk. The Fund invests in larger, more established companies, which may be unable to respond to new competitive challenges. Additionally, large companies may be unable to attain the high growth rates of successful, small companies, especially during extended periods of economic expansion.

     

    Value Style Risk. The Fund invests in a style that emphasizes “value stocks”. The market may not agree with the determination that a stock is undervalued, and the stock’s price may not increase to what the Fund’s investment adviser or Sub-adviser believes is its full value. It may even decrease in value.

     

    Strategy Risk. The Fund does not invest in Excluded Securities and may be riskier than other funds that invest in a broader array of securities and therefore the Fund may not achieve its desired results.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    Bar Chart

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 3.49%.

     

    During the period shown in the bar chart, the highest quarterly return was 16.67% (for the quarter ended September 30, 2009) and the lowest return was -27.73% (for the quarter ended December 31, 2008).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compare to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Average Annual Total Returns - Monteagle Select Value Fund
    1 Year
    5 Years
    10 Years
    [1]
    Institutional Class 21.29% 16.33% 5.54%
    Institutional Class | After Taxes on Distributions 19.88% 13.40% 3.79%
    Institutional Class | After Taxes on Distributions and Sales 12.04% 12.58% 4.01%
    S&P 500 Index (reflects no deduction for fees, expenses or taxes) 11.93% 14.62% 6.93%
    [1] Performance reflects fee waivers by the Fund's investment adviser for periods prior to 2007; had advisory fees not been waived during such periods, returns would be less than those shown.
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    Monteagle Value Fund

    Investment Objective

    The investment objective of the Monteagle Value Fund (the “Fund”) is long term growth of capital.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    Shareholder Fees
    Monteagle Value Fund
    USD ($)
    Maximum Sales Charge (Load) Imposed on Purchases none
    Maximum Deferred Sales Charge (Load) none
    Sales Charge (Load) Imposed on Reinvested Distributions none
    Redemption Fee none
    Exchange Fee none

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

    Annual Fund Operating Expenses
    Monteagle Value Fund
    Management Fees 1.20%
    Distribution and/or Service (12b-1) Fees none
    Other Expenses 0.13%
    Acquired (Underlying) Fund Fees and Expenses 0.01% [1]
    Total Annual Fund Operating Expenses 1.34% [1]
    [1] Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.

    Example

    The example is intended to help you compare the cost of investing in the Fund to the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    Expense Example
    One Year
    Three Years
    Five Years
    Ten Years
    Monteagle Value Fund | USD ($) 134 425 734 1,613

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 30% of the average value of its portfolio.

    Principal Investment Strategies

    A long-term (or “buy and hold”) approach is used to manage the Fund’s portfolio. The Fund invests primarily in common stocks of small, medium and large capitalization U.S. companies (those with market capitalizations of $1 billion or more) that are believed to be undervalued based on value characteristics, such as lower relative price valuations, above average earnings per share growth and higher dividend yields compared to the S&P 500 Index. A stock will be sold when it is no longer undervalued or when the fundamentals of the company that affect revenue and profitability have changed significantly, either in a positive or negative direction.

     

    It is the Fund’s policy to limit investment in any one industry or group of related industries to no more than 25% of the portfolio. In light of and subject to that limitation, the Fund may make significant investments in certain industries or group of industries from time to time. For example, the Fund is currently below the limitation but has a significant position in the basic materials and industrial sectors, which may change in the near or distant future. It is not the intent of the Fund to be a sector fund.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Company Risk. The Fund might decrease in value in response to the activities and financial prospects of an individual company in the Fund’s portfolio. The value of an individual company can be more volatile than the market as a whole.

     

    Volatility Risk. Common stocks tend to be more volatile than other investment choices. Because the Fund will emphasize various industries, the value of your shares is likely to be more volatile than a fund that invests in a broader range of industries.

     

    Portfolio Turnover Risk. Generally, the Fund intends to invest for long-term purposes. However, the Fund’s rate of portfolio turnover will depend upon market and other conditions, and it will not be a limiting factor when the Sub-adviser believes that portfolio changes are necessary or appropriate. Periods of portfolio “repositioning” may result in a high portfolio turnover rate. A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

     

    Small and Mid-Capitalization Risk. The Fund may invest in mid-capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements, for reasons including that the stocks are generally traded in lower volume and that the issuers are more sensitive to changing conditions and have less certain growth prospects.

     

    Sector Risk. While the Fund will not concentrate its investments in any one industry or group of related industries by investing more than 25% of the portfolio, the Fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.

     

    Basic Materials Risk. The Fund has a significant position in the basic materials sector. Basic materials companies are commodity producers, and customers’ decisions are made primarily on price. Commodity prices, driven by the intersection of supply and demand, are a key determinant of these companies’ earnings. Commodities, and the basic materials sector, are vulnerable to adverse movements in prices and exchange rates. Additionally, this sector may be affected by geopolitical changes and relations.

     

    Industrial Sector Risk. The Fund has a significant position in the industrial sector. Companies in the industrial sector may be adversely affected by changes in government regulation, world events and economic conditions. In addition, these companies are at risk for environmental damage claims. Companies in this sector may be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources, technological developments and labor relations.

     

    Value Style Risk. The Fund invests in a style that emphasizes “value stocks”. The market may not agree with the determination that a stock is undervalued, and the stock’s price may not increase to what the Fund’s investment adviser or Sub-adviser believes is its full value. It may even decrease in value.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    Bar Chart

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 17.48%.

     

    During the period shown in the bar chart, the highest quarterly return was 15.30% (for the quarter ended September 30, 2009) and the lowest return was -27.28% (for the quarter ended December 31, 2008).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table that follows shows how the Fund’s average annual total returns compare to those of the S&P 500 Index and the Russell 2000 Value Index. The Russell 2000 Value Index, which tracks stocks in the Russell 2000 Index with lower price-to-book ratios and lower forecasted growth values, is provided as a supplemental benchmark because is it reflective of the market for value stocks in which the Fund invests. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Average Annual Total Returns - Monteagle Value Fund
    1 Year
    5 Years
    10 Years
    [1],[2]
    Institutional Class 26.47% 11.91% 5.76%
    Institutional Class | After Taxes on Distributions 24.27% 9.67% 4.02%
    Institutional Class | After Taxes on Distributions and Sales 16.07% 8.87% 4.19%
    S&P 500 Index (reflects no deduction for fees, expenses or taxes) 11.93% 14.62% 6.93%
    Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes) 31.74% 15.08% 6.26%
    [1] Includes returns of the Unified Predecessor Fund.
    [2] Performance reflects fee waivers by the Fund's investment adviser for periods prior to 2007; had advisory fees not been waived during such periods, returns would be less than those shown.
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    Monteagle Informed Investor Growth Fund

    Investment Objective

    The investment objective of the Monteagle Informed Investor Growth Fund (the “Fund”) is long term growth of capital.

    Fees and Expenses of the Fund

    The table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    Shareholder Fees
    Monteagle Informed Investor Growth Fund
    USD ($)
    Maximum Sales Charge (Load) Imposed on Purchases none
    Maximum Deferred Sales Charge (Load) none
    Sales Charge (Load) Imposed on Reinvested Distributions none
    Redemption Fee none
    Exchange Fee none

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

    Annual Fund Operating Expenses
    Monteagle Informed Investor Growth Fund
    Management Fees 1.20%
    Distribution and/or Service (12b-1) Fees none
    Other Expenses 0.19%
    Acquired (Underlying) Fund Fees and Expenses 0.05% [1]
    Total Annual Fund Operating Expenses 1.44% [1]
    [1] Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.

    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.

     

    This example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all 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 would be:

    Expense Example
    One Year
    Three Years
    Five Years
    Ten Years
    Monteagle Informed Investor Growth Fund | USD ($) 147 456 787 1,724

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 610% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund seeks to achieve its objective by investing in “growth stocks.” These are stocks that the Fund’s Sub-adviser believes demonstrate accelerating cash flows, profit margins and/or revenues. The Sub-adviser emphasizes companies where management and/or large outside investors (such as banks, insurance companies and mutual funds) are buyers or owners of the stock or where the company itself is repurchasing its own shares on the open market. Each of these types of investment professionals is considered an “Informed Investor.”

     

    Investment decision-making for the Fund is triggered by detailed research analysis of such factors as a candidate company’s financial stability and strength, internal valuation and pricing ratios, sector leadership and, most significantly, the sustainability of the earnings growth rate. Similar factors determine when a security is sold. In this regard, the Sub-adviser uses a strict sell discipline. The discipline has sell signals: sell-stops protect profits and minimize future losses; sell signal when stock’s “Loss Limit” price safeguard is violated; and sell signal on any advancing indicators of a company’s fundamental breakdown. A consequence of the Sub-adviser’s strategy, under certain market conditions, is high turnover. The Sub-adviser sees active trading as necessary to address market disturbances, volatility and the like.

     

    The Fund invests primarily in common stocks of medium and large capitalization U.S. companies, but may invest in companies of any size. Although the Fund will not concentrate in any one industry, it is anticipated that the Fund’s portfolio will focus on a small, select group of industries (“growth industries”) which the Fund’s Sub-adviser believes offer superior growth opportunities based on overall economic trends.

     

    The Fund may also invest a portion of its assets in broad market index exchange traded funds (“ETFs”). From time to time, the Fund’s Sub-adviser may determine that only a limited number of companies meet the criteria for investment described above. At such times, all or a significant portion of the Fund’s assets may be invested in ETFs, money market instruments (including money market mutual funds) or repurchase agreements for an extended period of time. However, the Fund currently does not invest in leveraged or other ETFs that create exposure for the Fund to “commodity interests” as defined in the Commodity Exchange Act that would cause the Fund to be considered a “commodity pool” under that Act.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Volatility Risk. Because the Fund will emphasize various industries, the value of your shares is likely to be more volatile than a fund that invests in a broader range of industries.

     

    Small and Mid-Capitalization Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    Other Investment Company Securities and ETFs Risk. When the Fund invests in another mutual fund or ETF, the Fund will indirectly bear its proportionate share of any fees and expenses payable directly by the underlying fund. Therefore, the Fund will incur higher expenses, many of which may be duplicative. In addition, the Fund may be affected by losses of the underlying funds and the level of risk arising from the investment practices of the underlying funds (such as the use of leverage by the funds). ETFs are subject to additional risks such as the fact that its shares may trade at a market price that is above or below its net asset value or an active market may not develop. The Fund has no control over the investments and related risks taken by the underlying funds in which it invests.

     

    Portfolio Turnover Risk. The Fund’s investment strategy may result in a high portfolio turnover rate. A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

     

    Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, and has the ability to invest a relatively high percentage of its investments in the securities of a small number of issuers, which could be viewed as riskier than a diversified fund.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past five full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    Bar Chart

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 10.31%.

     

    During the period shown in the bar chart, the highest quarterly return was 17.42% (for the quarter ended September 30, 2009) and the lowest return was -10.69% (for the quarter ended September 30, 2011).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Average Annual Total Returns - Monteagle Informed Investor Growth Fund
    1 Year
    5 Years
    Since Inception
    Inception Date
    Institutional Class 5.64% 10.01% 9.85% Apr. 03, 2008
    Institutional Class | After Taxes on Distributions 4.07% 6.37% 6.40% Apr. 03, 2008
    Institutional Class | After Taxes on Distributions and Sales 3.56% 6.39% 6.46% Apr. 03, 2008
    S&P 500 Index (reflects no deduction for fees, expenses or taxes) 11.93% 14.62% 8.53% Apr. 03, 2008
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    The Texas Fund

    Investment Objective

    The investment objective of The Texas Fund (the “Fund”) is long-term capital appreciation. The Fund is an equity fund.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    Shareholder Fees
    The Texas Fund
    USD ($)
    Maximum Sales Charge (Load) Imposed on Purchases none
    Maximum Deferred Sales Charge (Load) none
    Sales Charge (Load) Imposed on Reinvested Distributions none
    Redemption Fee none
    Exchange Fee none

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

    Annual Fund Operating Expenses
    The Texas Fund
    Management Fees 1.45%
    Distribution and/or Service (12b-1) Fees none
    Other Expenses 0.21%
    Acquired (Underlying) Fund Fees and Expenses 0.01% [1]
    Total Annual Fund Operating Expenses 1.67% [1]
    [1] Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.

    Example

    This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all 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 would be:

    Expense Example
    One Year
    Three Years
    Five Years
    Ten Years
    The Texas Fund | USD ($) 170 526 907 1,976

    You would pay the same expenses listed in the above table if you did not redeem your shares.

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During most recent fiscal year, the Fund’s portfolio turnover rate was 40% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund’s principal investment strategy is to invest at least 80% of its assets, less any borrowing for investment purposes, in the common stock of companies either (i) headquartered in Texas based on information provided by Morningstar, Inc., (ii) organized under the laws of Texas, or (iii) that, during the most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in Texas or that have at least 50% of its assets in Texas. In determining whether a company meets this condition, the Sub-Adviser may rely on such information and sources as the Sub-Adviser deems reasonable and appropriate.

     

    The Fund will be invested across a broad market capitalization spectrum, including small, mid and large capitalization companies. The Sub-Adviser typically selects companies in which to invest by performing an initial market capitalization screening of $500 million or more. The Sub-Adviser controls for risk by performing fundamental analyses of the initially screened companies. The Sub-Adviser analyzes factors such as financial conditions, industry position, and market and economic conditions and trends to select investments and make buy and sell decisions. Once the Sub-Adviser selects companies in which to invest, the Sub-Adviser initially equally weights the companies within each sector. The Sub-Adviser does not equally weight each sector within the Fund.

     

    The Fund will not invest 25% or more of its assets in any industry or group of related industries. However, the Fund does intend to have a high level of investments in the oil and gas industry due to the Fund’s management team’s belief that such industry has superior growth opportunities. Except as otherwise permitted by the Fund’s non-fundamental policies, any concentration in a specific sector or industry will be under this 25% concentration threshold.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-Adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Business and Sector Risk. From time to time, a particular set of circumstances may affect a particular industry or certain companies within an industry, while having little or no impact on other industries or other companies within the industry.

     

    Geographic Concentration Risk. The Fund’s investments are concentrated in Texas, and therefore the Fund will be susceptible to adverse market, political, regulatory, social, economic and geographic events affecting Texas. The Fund’s performance may be more volatile than the performance of more geographically diverse funds. Since one of the main industries in Texas is mining and logging, including the oil and gas sectors, Texas is particularly susceptible to economic, environmental and political activities affecting this industry.

     

    Oil and Gas Sector Risk. Companies in the oil and gas sector may have significant operations in areas at risk for natural disasters, social unrest and environmental damage. These companies may also be at risk for increased government regulations and intervention, litigation, and negative publicity and perception.

     

    Large Company Risk. The Fund may invest in larger, more established companies, which may be unable to respond to new competitive challenges. Additionally, large companies may be unable to attain the high growth rates of successful, small companies, especially during extended periods of economic expansion.

     

    Small and Mid-Capitalization Company Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. 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

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 3.31%.

     

    During the period shown in the bar chart, the highest quarterly return was 7.80% (for the quarter ended December 31, 2016) and the lowest return was -12.08% (for the quarter ended September 30, 2015).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Average Annual Total Returns - The Texas Fund
    1 Year
    Since Inception
    Class I 16.23% (0.08%)
    Class I | After Taxes on Distributions 16.23% (0.44%)
    Class I | After Taxes on Distributions and Sales 9.18% (0.20%)
    S&P 500 Index (reflects no deduction for fees, expenses or taxes) 11.93% 10.94%
    XML 19 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
    Total
    Monteagle Quality Growth Fund

    Investment Objective

    The investment objective of the Monteagle Quality Growth Fund (the “Fund”) is long-term capital appreciation.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001610Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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

    ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001610Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Example

    This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    ~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact mfhrx_S000001610Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 31% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund uses a “growth investing” style by investing, under normal circumstances, at least 80% of its assets in the common stock of domestic companies that its Sub-adviser believes have superior growth potential and fundamental characteristics that are significantly better than the market average and support internal earnings growth capability. The Fund invests in small and mid-capitalization companies that have a minimum market capitalization of $250 million at the time of purchase. The Fund seeks to maintain a minimum average weighted market capitalization of at least $5 billion.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Small and Mid-Capitalization Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    ~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001610Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 17.46%.

     

    During the period shown in the bar chart, the highest quarterly return was 14.43% (for the quarter ended March 31, 2012) and the lowest return was -23.95% (for the quarter ended December 31, 2008).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index and the Russell 1000 Growth Index. The Russell 1000 Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe and includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values, is provided as a supplemental benchmark because it is reflective of the market for growth stocks in which the Fund invests. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    ~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000001610Member ~
    Monteagle Fixed Income Fund

    Investment Objective

    The investment objective of the Monteagle Fixed Income Fund (the “Fund”) is total return.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001611Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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

    ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001611Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Example

    This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions you costs would be:

    ~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact mfhrx_S000001611Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund seeks to achieve its objective of total return through capital appreciation on the bonds and other securities held and income on those securities. The Fund invests in investment grade intermediate term fixed income securities maintaining an average maturity of bonds and notes (on a dollar weighted basis) between 3 and 8 years; and rated at least Aa or higher by Moody’s Investors Service, Inc. or AA or higher by Standard & Poor’s Ratings Group for municipal bonds and A or higher by Moody’s Investors Service, Inc. or Standard & Poor’s Ratings Group for corporate bonds. Under normal circumstances, at least 80% of the Fund’s net assets will be fixed income securities, including U.S. government securities, securities issued by agencies of the U.S. government, mortgage-backed securities, taxable municipal bonds and corporate debt securities, with no more than 70% in any one category. The Fund, based on assessment of market conditions, will either lengthen or shorten the average maturity of the portfolio and/or switch between bonds of different sectors, with the view of maximizing the total return for the types of obligations purchased. The securities purchased may have maturities ranging from overnight to 30 years.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Fixed Income Risk. The Fund’s share price, yield and total return will fluctuate in response interest rate movements. Prices of fixed income securities with longer effective maturities are more sensitive to interest rate changes than those with shorter effective maturities. The value of your investment may decrease when interest rates rise. To the extent the Fund invests in fixed income securities with longer maturities, the Fund will be more greatly affected by changes in interest rates, and will be more volatile, than a fund that invests in securities with shorter maturities. Rising interest rates may also reduce the amount of prepayments on the assets backing these securities, causing the Fund’s average maturity to rise and increasing the Fund’s potential for losses in value. The value of the Fund’s holdings will also be affected by the credit-worthiness of such holdings. To the extent a particular holding is deemed to be of a lower credit quality than when the Fund purchased it, the value of such holding may decline.

     

    Mortgage-Backed Securities Risk. The Fund may invest in mortgage-backed and other mortgage related securities. A decline in interest rates may result in losses in these securities’ values if actual prepayments occur at a much faster pace than had been expected when the securities were purchased.

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of bond market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    ~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001611Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 1.37%.

     

    During the period shown in the bar chart, the highest return for a quarter was 3.32% (for the quarter ended December 31, 2008) and the lowest return was -2.83% (for the quarter ended June 30, 2013).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The following table shows how the Fund’s average annual total returns compare to those of the Barclays Capital Intermediate U.S. Government/Credit Bond Index (formerly the Lehman Brothers Intermediate U.S. Government/Credit Bond Index) and the BofA Merrill Lynch 1-10 Yr. AAA-A U.S. Corporate & Government Index. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    ~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000001611Member ~
    Monteagle Select Value Fund

    Investment Objective

    The investment objective of the Monteagle Select Value Fund (the “Fund”) is long-term capital appreciation.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001612Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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

    ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001612Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Example

    This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    ~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact mfhrx_S000001612Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 25% of the average value of its portfolio. As of August 31, 2017, the Fund’s portfolio turnover rate was 127% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund uses a “value investing” style by investing, under normal circumstances, at least 80% of its assets in the common stock of domestic companies that the Fund’s Sub-adviser believes are underpriced relative to comparable securities determined by price/earnings ratios, cash flows or other measures. The Sub-adviser relies on stock selection to achieve its results, rather than trying to time market fluctuations. In selecting stocks, the Sub-adviser establishes valuation parameters, by using relative ratios or target prices to evaluate companies on several levels. The Fund invests only in large capitalization companies included in the S&P 500® Index. The Fund seeks to maintain a minimum average weighted market capitalization of at least $5 billion. Once investments are identified for purchase, the Subadvisor will screen these investments using the eVALUEator screening software to exclude from the Fund’s investments companies that produce, promote, advertise, sponsor, or offer services related to, abortion (or abortion products), pornography, human rights, gambling, and those entertainment companies that produce or support anti-family content in film, games, print, or television (“Excluded Securities”).

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Large Company Risk. The Fund invests in larger, more established companies, which may be unable to respond to new competitive challenges. Additionally, large companies may be unable to attain the high growth rates of successful, small companies, especially during extended periods of economic expansion.

     

    Value Style Risk. The Fund invests in a style that emphasizes “value stocks”. The market may not agree with the determination that a stock is undervalued, and the stock’s price may not increase to what the Fund’s investment adviser or Sub-adviser believes is its full value. It may even decrease in value.

     

    Strategy Risk. The Fund does not invest in Excluded Securities and may be riskier than other funds that invest in a broader array of securities and therefore the Fund may not achieve its desired results.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    ~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact mfhrx_S000001612Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 3.49%.

     

    During the period shown in the bar chart, the highest quarterly return was 16.67% (for the quarter ended September 30, 2009) and the lowest return was -27.73% (for the quarter ended December 31, 2008).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compare to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    ~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000001612Member ~
    Monteagle Value Fund

    Investment Objective

    The investment objective of the Monteagle Value Fund (the “Fund”) is long term growth of capital.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000013355Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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

    ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000013355Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Example

    The example is intended to help you compare the cost of investing in the Fund to the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    ~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact mfhrx_S000013355Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 30% of the average value of its portfolio.

    Principal Investment Strategies

    A long-term (or “buy and hold”) approach is used to manage the Fund’s portfolio. The Fund invests primarily in common stocks of small, medium and large capitalization U.S. companies (those with market capitalizations of $1 billion or more) that are believed to be undervalued based on value characteristics, such as lower relative price valuations, above average earnings per share growth and higher dividend yields compared to the S&P 500 Index. A stock will be sold when it is no longer undervalued or when the fundamentals of the company that affect revenue and profitability have changed significantly, either in a positive or negative direction.

     

    It is the Fund’s policy to limit investment in any one industry or group of related industries to no more than 25% of the portfolio. In light of and subject to that limitation, the Fund may make significant investments in certain industries or group of industries from time to time. For example, the Fund is currently below the limitation but has a significant position in the basic materials and industrial sectors, which may change in the near or distant future. It is not the intent of the Fund to be a sector fund.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Company Risk. The Fund might decrease in value in response to the activities and financial prospects of an individual company in the Fund’s portfolio. The value of an individual company can be more volatile than the market as a whole.

     

    Volatility Risk. Common stocks tend to be more volatile than other investment choices. Because the Fund will emphasize various industries, the value of your shares is likely to be more volatile than a fund that invests in a broader range of industries.

     

    Portfolio Turnover Risk. Generally, the Fund intends to invest for long-term purposes. However, the Fund’s rate of portfolio turnover will depend upon market and other conditions, and it will not be a limiting factor when the Sub-adviser believes that portfolio changes are necessary or appropriate. Periods of portfolio “repositioning” may result in a high portfolio turnover rate. A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

     

    Small and Mid-Capitalization Risk. The Fund may invest in mid-capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements, for reasons including that the stocks are generally traded in lower volume and that the issuers are more sensitive to changing conditions and have less certain growth prospects.

     

    Sector Risk. While the Fund will not concentrate its investments in any one industry or group of related industries by investing more than 25% of the portfolio, the Fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.

     

    Basic Materials Risk. The Fund has a significant position in the basic materials sector. Basic materials companies are commodity producers, and customers’ decisions are made primarily on price. Commodity prices, driven by the intersection of supply and demand, are a key determinant of these companies’ earnings. Commodities, and the basic materials sector, are vulnerable to adverse movements in prices and exchange rates. Additionally, this sector may be affected by geopolitical changes and relations.

     

    Industrial Sector Risk. The Fund has a significant position in the industrial sector. Companies in the industrial sector may be adversely affected by changes in government regulation, world events and economic conditions. In addition, these companies are at risk for environmental damage claims. Companies in this sector may be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources, technological developments and labor relations.

     

    Value Style Risk. The Fund invests in a style that emphasizes “value stocks”. The market may not agree with the determination that a stock is undervalued, and the stock’s price may not increase to what the Fund’s investment adviser or Sub-adviser believes is its full value. It may even decrease in value.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    ~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact mfhrx_S000013355Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 17.48%.

     

    During the period shown in the bar chart, the highest quarterly return was 15.30% (for the quarter ended September 30, 2009) and the lowest return was -27.28% (for the quarter ended December 31, 2008).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table that follows shows how the Fund’s average annual total returns compare to those of the S&P 500 Index and the Russell 2000 Value Index. The Russell 2000 Value Index, which tracks stocks in the Russell 2000 Index with lower price-to-book ratios and lower forecasted growth values, is provided as a supplemental benchmark because is it reflective of the market for value stocks in which the Fund invests. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    ~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000013355Member ~
    Monteagle Informed Investor Growth Fund

    Investment Objective

    The investment objective of the Monteagle Informed Investor Growth Fund (the “Fund”) is long term growth of capital.

    Fees and Expenses of the Fund

    The table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000021394Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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

    ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000021394Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    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.

     

    This example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all 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 would be:

    ~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact mfhrx_S000021394Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 610% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund seeks to achieve its objective by investing in “growth stocks.” These are stocks that the Fund’s Sub-adviser believes demonstrate accelerating cash flows, profit margins and/or revenues. The Sub-adviser emphasizes companies where management and/or large outside investors (such as banks, insurance companies and mutual funds) are buyers or owners of the stock or where the company itself is repurchasing its own shares on the open market. Each of these types of investment professionals is considered an “Informed Investor.”

     

    Investment decision-making for the Fund is triggered by detailed research analysis of such factors as a candidate company’s financial stability and strength, internal valuation and pricing ratios, sector leadership and, most significantly, the sustainability of the earnings growth rate. Similar factors determine when a security is sold. In this regard, the Sub-adviser uses a strict sell discipline. The discipline has sell signals: sell-stops protect profits and minimize future losses; sell signal when stock’s “Loss Limit” price safeguard is violated; and sell signal on any advancing indicators of a company’s fundamental breakdown. A consequence of the Sub-adviser’s strategy, under certain market conditions, is high turnover. The Sub-adviser sees active trading as necessary to address market disturbances, volatility and the like.

     

    The Fund invests primarily in common stocks of medium and large capitalization U.S. companies, but may invest in companies of any size. Although the Fund will not concentrate in any one industry, it is anticipated that the Fund’s portfolio will focus on a small, select group of industries (“growth industries”) which the Fund’s Sub-adviser believes offer superior growth opportunities based on overall economic trends.

     

    The Fund may also invest a portion of its assets in broad market index exchange traded funds (“ETFs”). From time to time, the Fund’s Sub-adviser may determine that only a limited number of companies meet the criteria for investment described above. At such times, all or a significant portion of the Fund’s assets may be invested in ETFs, money market instruments (including money market mutual funds) or repurchase agreements for an extended period of time. However, the Fund currently does not invest in leveraged or other ETFs that create exposure for the Fund to “commodity interests” as defined in the Commodity Exchange Act that would cause the Fund to be considered a “commodity pool” under that Act.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Volatility Risk. Because the Fund will emphasize various industries, the value of your shares is likely to be more volatile than a fund that invests in a broader range of industries.

     

    Small and Mid-Capitalization Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    Other Investment Company Securities and ETFs Risk. When the Fund invests in another mutual fund or ETF, the Fund will indirectly bear its proportionate share of any fees and expenses payable directly by the underlying fund. Therefore, the Fund will incur higher expenses, many of which may be duplicative. In addition, the Fund may be affected by losses of the underlying funds and the level of risk arising from the investment practices of the underlying funds (such as the use of leverage by the funds). ETFs are subject to additional risks such as the fact that its shares may trade at a market price that is above or below its net asset value or an active market may not develop. The Fund has no control over the investments and related risks taken by the underlying funds in which it invests.

     

    Portfolio Turnover Risk. The Fund’s investment strategy may result in a high portfolio turnover rate. A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

     

    Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, and has the ability to invest a relatively high percentage of its investments in the securities of a small number of issuers, which could be viewed as riskier than a diversified fund.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past five full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

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    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 10.31%.

     

    During the period shown in the bar chart, the highest quarterly return was 17.42% (for the quarter ended September 30, 2009) and the lowest return was -10.69% (for the quarter ended September 30, 2011).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    ~ http://xbrl.sec.gov/rr/role/PerformanceTableData column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact mfhrx_S000021394Member ~
    The Texas Fund

    Investment Objective

    The investment objective of The Texas Fund (the “Fund”) is long-term capital appreciation. The Fund is an equity fund.

    Fees and Expenses of the Fund

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees (fees paid directly from your investment)

    ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000041935Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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

    ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact mfhrx_S000041935Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    Example

    This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all 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 would be:

    ~ http://xbrl.sec.gov/rr/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact mfhrx_S000041935Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    You would pay the same expenses listed in the above table if you did not redeem your shares.

    Portfolio Turnover

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During most recent fiscal year, the Fund’s portfolio turnover rate was 40% of the average value of its portfolio.

    Principal Investment Strategies

    The Fund’s principal investment strategy is to invest at least 80% of its assets, less any borrowing for investment purposes, in the common stock of companies either (i) headquartered in Texas based on information provided by Morningstar, Inc., (ii) organized under the laws of Texas, or (iii) that, during the most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in Texas or that have at least 50% of its assets in Texas. In determining whether a company meets this condition, the Sub-Adviser may rely on such information and sources as the Sub-Adviser deems reasonable and appropriate.

     

    The Fund will be invested across a broad market capitalization spectrum, including small, mid and large capitalization companies. The Sub-Adviser typically selects companies in which to invest by performing an initial market capitalization screening of $500 million or more. The Sub-Adviser controls for risk by performing fundamental analyses of the initially screened companies. The Sub-Adviser analyzes factors such as financial conditions, industry position, and market and economic conditions and trends to select investments and make buy and sell decisions. Once the Sub-Adviser selects companies in which to invest, the Sub-Adviser initially equally weights the companies within each sector. The Sub-Adviser does not equally weight each sector within the Fund.

     

    The Fund will not invest 25% or more of its assets in any industry or group of related industries. However, the Fund does intend to have a high level of investments in the oil and gas industry due to the Fund’s management team’s belief that such industry has superior growth opportunities. Except as otherwise permitted by the Fund’s non-fundamental policies, any concentration in a specific sector or industry will be under this 25% concentration threshold.

    Principal Investment Risks

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-Adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Business and Sector Risk. From time to time, a particular set of circumstances may affect a particular industry or certain companies within an industry, while having little or no impact on other industries or other companies within the industry.

     

    Geographic Concentration Risk. The Fund’s investments are concentrated in Texas, and therefore the Fund will be susceptible to adverse market, political, regulatory, social, economic and geographic events affecting Texas. The Fund’s performance may be more volatile than the performance of more geographically diverse funds. Since one of the main industries in Texas is mining and logging, including the oil and gas sectors, Texas is particularly susceptible to economic, environmental and political activities affecting this industry.

     

    Oil and Gas Sector Risk. Companies in the oil and gas sector may have significant operations in areas at risk for natural disasters, social unrest and environmental damage. These companies may also be at risk for increased government regulations and intervention, litigation, and negative publicity and perception.

     

    Large Company Risk. The Fund may invest in larger, more established companies, which may be unable to respond to new competitive challenges. Additionally, large companies may be unable to attain the high growth rates of successful, small companies, especially during extended periods of economic expansion.

     

    Small and Mid-Capitalization Company Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Performance

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

    ~ http://xbrl.sec.gov/rr/role/BarChartData column period compact * column dei_LegalEntityAxis compact mfhrx_S000041935Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 3.31%.

     

    During the period shown in the bar chart, the highest quarterly return was 7.80% (for the quarter ended December 31, 2016) and the lowest return was -12.08% (for the quarter ended September 30, 2015).

    Average Annual Total Returns

    For Period Ended December 31, 2016

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

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    Label Element Value
    Risk Return Abstract rr_RiskReturnAbstract  
    Document Type dei_DocumentType 485BPOS
    Document Period End Date dei_DocumentPeriodEndDate Aug. 31, 2017
    Registrant Name dei_EntityRegistrantName Monteagle Funds
    Central Index Key dei_EntityCentralIndexKey 0001045701
    Amendment Flag dei_AmendmentFlag false
    Trading Symbol dei_TradingSymbol mfhrx
    Document Creation Date dei_DocumentCreationDate Dec. 20, 2017
    Document Effective Date dei_DocumentEffectiveDate Aug. 31, 2017
    Prospectus Date rr_ProspectusDate Aug. 31, 2017
    Monteagle Quality Growth Fund  
    Risk Return Abstract rr_RiskReturnAbstract  
    Objective [Heading] rr_ObjectiveHeading

    Investment Objective

    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

    The investment objective of the Monteagle Quality Growth Fund (the “Fund”) is long-term 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 you may pay if you buy and hold shares of the Fund.

    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

    Shareholder Fees (fees paid directly from your investment)

    Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
    Sales Charge (Load) Imposed on Reinvested Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
    Redemption Fee rr_RedemptionFee none
    Exchange Fee rr_ExchangeFee none
    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)

    Management Fees rr_ManagementFeesOverAssets 1.20%
    Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Other Expenses rr_OtherExpensesOverAssets 0.12%
    Acquired (Underlying) Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.33%
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

    Portfolio Turnover

    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 31% of the average value of its portfolio.

    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 31.00%
    Expense Example [Heading] rr_ExpenseExampleHeading

    Example

    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

    This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated 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 would be:

    One Year rr_ExpenseExampleYear01 $ 135
    Three Years rr_ExpenseExampleYear03 421
    Five Years rr_ExpenseExampleYear05 729
    Ten Years rr_ExpenseExampleYear10 $ 1,601
    Strategy [Heading] rr_StrategyHeading

    Principal Investment Strategies

    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

    The Fund uses a “growth investing” style by investing, under normal circumstances, at least 80% of its assets in the common stock of domestic companies that its Sub-adviser believes have superior growth potential and fundamental characteristics that are significantly better than the market average and support internal earnings growth capability. The Fund invests in small and mid-capitalization companies that have a minimum market capitalization of $250 million at the time of purchase. The Fund seeks to maintain a minimum average weighted market capitalization of at least $5 billion.

    Risk [Heading] rr_RiskHeading

    Principal Investment Risks

    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Small and Mid-Capitalization Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Risk Lose Money [Text] rr_RiskLoseMoney

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested.

    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

    Performance

    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    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.

    Annual Return 2007 rr_AnnualReturn2007 14.09%
    Annual Return 2008 rr_AnnualReturn2008 (37.38%)
    Annual Return 2009 rr_AnnualReturn2009 32.42%
    Annual Return 2010 rr_AnnualReturn2010 16.68%
    Annual Return 2011 rr_AnnualReturn2011 (1.11%)
    Annual Return 2012 rr_AnnualReturn2012 11.54%
    Annual Return 2013 rr_AnnualReturn2013 26.70%
    Annual Return 2014 rr_AnnualReturn2014 9.78%
    Annual Return 2015 rr_AnnualReturn2015 0.06%
    Annual Return 2016 rr_AnnualReturn2016 6.27%
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 17.46%.

     

    During the period shown in the bar chart, the highest quarterly return was 14.43% (for the quarter ended March 31, 2012) and the lowest return was -23.95% (for the quarter ended December 31, 2008).

    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

    highest return for a quarter

    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2012
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 14.43%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

    lowest return for a quarter

    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.95%)
    Performance Table Heading rr_PerformanceTableHeading

    Average Annual Total Returns

    For Period Ended December 31, 2016

    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates

    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred

    If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index and the Russell 1000 Growth Index. The Russell 1000 Growth Index, which measures the performance of the large-cap growth segment of the U.S. equity universe and includes those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values, is provided as a supplemental benchmark because it is reflective of the market for growth stocks in which the Fund invests. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Monteagle Quality Growth Fund | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 6.27%
    5 Years rr_AverageAnnualReturnYear05 10.53%
    10 Years rr_AverageAnnualReturnYear10 6.06% [1]
    Monteagle Quality Growth Fund | After Taxes on Distributions | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 4.38%
    5 Years rr_AverageAnnualReturnYear05 9.66%
    10 Years rr_AverageAnnualReturnYear10 5.63% [1]
    Monteagle Quality Growth Fund | After Taxes on Distributions and Sales | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 4.89%
    5 Years rr_AverageAnnualReturnYear05 8.28%
    10 Years rr_AverageAnnualReturnYear10 4.83% [1]
    Monteagle Quality Growth Fund | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 11.93%
    5 Years rr_AverageAnnualReturnYear05 14.62%
    10 Years rr_AverageAnnualReturnYear10 6.93% [1]
    Monteagle Quality Growth Fund | Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 7.08%
    5 Years rr_AverageAnnualReturnYear05 14.51%
    10 Years rr_AverageAnnualReturnYear10 8.34% [1]
    Monteagle Fixed Income Fund  
    Risk Return Abstract rr_RiskReturnAbstract  
    Objective [Heading] rr_ObjectiveHeading

    Investment Objective

    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

    The investment objective of the Monteagle Fixed Income Fund (the “Fund”) is total return.

    Expense [Heading] rr_ExpenseHeading

    Fees and Expenses of the Fund

    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

    Shareholder Fees (fees paid directly from your investment)

    Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
    Sales Charge (Load) Imposed on Reinvested Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
    Redemption Fee rr_RedemptionFee none
    Exchange Fee rr_ExchangeFee none
    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)

    Management Fees rr_ManagementFeesOverAssets 0.96%
    Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Other Expenses rr_OtherExpensesOverAssets 0.09%
    Acquired (Underlying) Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06% [2]
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

    Portfolio Turnover

    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.

    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 9.00%
    Expense Example [Heading] rr_ExpenseExampleHeading

    Example

    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

    This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated 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 you costs would be:

    One Year rr_ExpenseExampleYear01 $ 108
    Three Years rr_ExpenseExampleYear03 337
    Five Years rr_ExpenseExampleYear05 585
    Ten Years rr_ExpenseExampleYear10 $ 1,294
    Strategy [Heading] rr_StrategyHeading

    Principal Investment Strategies

    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

    The Fund seeks to achieve its objective of total return through capital appreciation on the bonds and other securities held and income on those securities. The Fund invests in investment grade intermediate term fixed income securities maintaining an average maturity of bonds and notes (on a dollar weighted basis) between 3 and 8 years; and rated at least Aa or higher by Moody’s Investors Service, Inc. or AA or higher by Standard & Poor’s Ratings Group for municipal bonds and A or higher by Moody’s Investors Service, Inc. or Standard & Poor’s Ratings Group for corporate bonds. Under normal circumstances, at least 80% of the Fund’s net assets will be fixed income securities, including U.S. government securities, securities issued by agencies of the U.S. government, mortgage-backed securities, taxable municipal bonds and corporate debt securities, with no more than 70% in any one category. The Fund, based on assessment of market conditions, will either lengthen or shorten the average maturity of the portfolio and/or switch between bonds of different sectors, with the view of maximizing the total return for the types of obligations purchased. The securities purchased may have maturities ranging from overnight to 30 years.

    Risk [Heading] rr_RiskHeading

    Principal Investment Risks

    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Fixed Income Risk. The Fund’s share price, yield and total return will fluctuate in response interest rate movements. Prices of fixed income securities with longer effective maturities are more sensitive to interest rate changes than those with shorter effective maturities. The value of your investment may decrease when interest rates rise. To the extent the Fund invests in fixed income securities with longer maturities, the Fund will be more greatly affected by changes in interest rates, and will be more volatile, than a fund that invests in securities with shorter maturities. Rising interest rates may also reduce the amount of prepayments on the assets backing these securities, causing the Fund’s average maturity to rise and increasing the Fund’s potential for losses in value. The value of the Fund’s holdings will also be affected by the credit-worthiness of such holdings. To the extent a particular holding is deemed to be of a lower credit quality than when the Fund purchased it, the value of such holding may decline.

     

    Mortgage-Backed Securities Risk. The Fund may invest in mortgage-backed and other mortgage related securities. A decline in interest rates may result in losses in these securities’ values if actual prepayments occur at a much faster pace than had been expected when the securities were purchased.

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Risk Lose Money [Text] rr_RiskLoseMoney

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested.

    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

    Performance

    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of bond market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    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.

    Annual Return 2007 rr_AnnualReturn2007 6.15%
    Annual Return 2008 rr_AnnualReturn2008 4.16%
    Annual Return 2009 rr_AnnualReturn2009 5.39%
    Annual Return 2010 rr_AnnualReturn2010 4.79%
    Annual Return 2011 rr_AnnualReturn2011 5.15%
    Annual Return 2012 rr_AnnualReturn2012 2.83%
    Annual Return 2013 rr_AnnualReturn2013 (3.06%)
    Annual Return 2014 rr_AnnualReturn2014 2.98%
    Annual Return 2015 rr_AnnualReturn2015 0.72%
    Annual Return 2016 rr_AnnualReturn2016 1.14%
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 1.37%.

     

    During the period shown in the bar chart, the highest return for a quarter was 3.32% (for the quarter ended December 31, 2008) and the lowest return was -2.83% (for the quarter ended June 30, 2013).

    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

    highest return for a quarter

    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2008
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 3.32%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

    lowest return for a quarter

    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Jun. 30, 2013
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (2.83%)
    Performance Table Heading rr_PerformanceTableHeading

    Average Annual Total Returns

    For Period Ended December 31, 2016

    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates

    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred

    If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

    The following table shows how the Fund’s average annual total returns compare to those of the Barclays Capital Intermediate U.S. Government/Credit Bond Index (formerly the Lehman Brothers Intermediate U.S. Government/Credit Bond Index) and the BofA Merrill Lynch 1-10 Yr. AAA-A U.S. Corporate & Government Index. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Monteagle Fixed Income Fund | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 1.14%
    5 Years rr_AverageAnnualReturnYear05 0.90%
    10 Years rr_AverageAnnualReturnYear10 2.96%
    Monteagle Fixed Income Fund | After Taxes on Distributions | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 0.60%
    5 Years rr_AverageAnnualReturnYear05 0.26%
    10 Years rr_AverageAnnualReturnYear10 2.02%
    Monteagle Fixed Income Fund | After Taxes on Distributions and Sales | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 0.65%
    5 Years rr_AverageAnnualReturnYear05 0.42%
    10 Years rr_AverageAnnualReturnYear10 1.93%
    Monteagle Fixed Income Fund | Barclays Capital Intermediate US Government/Credit Bond Index (reflects no deduction for fees, expenses, or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 2.08%
    5 Years rr_AverageAnnualReturnYear05 1.84%
    10 Years rr_AverageAnnualReturnYear10 3.83%
    Monteagle Fixed Income Fund | BofA Merrill Lynch 1-10 Yr AAA-A US Corporate & Government Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 1.51%
    5 Years rr_AverageAnnualReturnYear05 1.59%
    10 Years rr_AverageAnnualReturnYear10 3.57%
    Monteagle Select Value Fund  
    Risk Return Abstract rr_RiskReturnAbstract  
    Objective [Heading] rr_ObjectiveHeading

    Investment Objective

    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

    The investment objective of the Monteagle Select Value Fund (the “Fund”) is long-term 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 you may pay if you buy and hold shares of the Fund.

    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

    Shareholder Fees (fees paid directly from your investment)

    Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
    Sales Charge (Load) Imposed on Reinvested Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
    Redemption Fee rr_RedemptionFee none
    Exchange Fee rr_ExchangeFee none
    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)

    Management Fees rr_ManagementFeesOverAssets 1.20%
    Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Other Expenses rr_OtherExpensesOverAssets 0.19%
    Acquired (Underlying) Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.40% [2]
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

    Portfolio Turnover

    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 25% of the average value of its portfolio. As of August 31, 2017, the Fund’s portfolio turnover rate was 127% of the average value of its portfolio.

    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 25.00%
    Expense Example [Heading] rr_ExpenseExampleHeading

    Example

    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

    This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated 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 would be:

    One Year rr_ExpenseExampleYear01 $ 143
    Three Years rr_ExpenseExampleYear03 443
    Five Years rr_ExpenseExampleYear05 766
    Ten Years rr_ExpenseExampleYear10 $ 1,680
    Strategy [Heading] rr_StrategyHeading

    Principal Investment Strategies

    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

    The Fund uses a “value investing” style by investing, under normal circumstances, at least 80% of its assets in the common stock of domestic companies that the Fund’s Sub-adviser believes are underpriced relative to comparable securities determined by price/earnings ratios, cash flows or other measures. The Sub-adviser relies on stock selection to achieve its results, rather than trying to time market fluctuations. In selecting stocks, the Sub-adviser establishes valuation parameters, by using relative ratios or target prices to evaluate companies on several levels. The Fund invests only in large capitalization companies included in the S&P 500® Index. The Fund seeks to maintain a minimum average weighted market capitalization of at least $5 billion. Once investments are identified for purchase, the Subadvisor will screen these investments using the eVALUEator screening software to exclude from the Fund’s investments companies that produce, promote, advertise, sponsor, or offer services related to, abortion (or abortion products), pornography, human rights, gambling, and those entertainment companies that produce or support anti-family content in film, games, print, or television (“Excluded Securities”).

    Risk [Heading] rr_RiskHeading

    Principal Investment Risks

    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Large Company Risk. The Fund invests in larger, more established companies, which may be unable to respond to new competitive challenges. Additionally, large companies may be unable to attain the high growth rates of successful, small companies, especially during extended periods of economic expansion.

     

    Value Style Risk. The Fund invests in a style that emphasizes “value stocks”. The market may not agree with the determination that a stock is undervalued, and the stock’s price may not increase to what the Fund’s investment adviser or Sub-adviser believes is its full value. It may even decrease in value.

     

    Strategy Risk. The Fund does not invest in Excluded Securities and may be riskier than other funds that invest in a broader array of securities and therefore the Fund may not achieve its desired results.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Risk Lose Money [Text] rr_RiskLoseMoney

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested.

    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

    Performance

    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    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.

    Annual Return 2007 rr_AnnualReturn2007 0.85%
    Annual Return 2008 rr_AnnualReturn2008 (42.36%)
    Annual Return 2009 rr_AnnualReturn2009 22.99%
    Annual Return 2010 rr_AnnualReturn2010 19.77%
    Annual Return 2011 rr_AnnualReturn2011 (6.01%)
    Annual Return 2012 rr_AnnualReturn2012 17.56%
    Annual Return 2013 rr_AnnualReturn2013 47.80%
    Annual Return 2014 rr_AnnualReturn2014 13.36%
    Annual Return 2015 rr_AnnualReturn2015 (10.83%)
    Annual Return 2016 rr_AnnualReturn2016 21.29%
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 3.49%.

     

    During the period shown in the bar chart, the highest quarterly return was 16.67% (for the quarter ended September 30, 2009) and the lowest return was -27.73% (for the quarter ended December 31, 2008).

    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

    highest return for a quarter

    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.67%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

    lowest return for a quarter

    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.73%)
    Performance Table Heading rr_PerformanceTableHeading

    Average Annual Total Returns

    For Period Ended December 31, 2016

    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates

    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred

    If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

    The table below shows how the Fund’s average annual total returns compare to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Monteagle Select Value Fund | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 21.29%
    5 Years rr_AverageAnnualReturnYear05 16.33%
    10 Years rr_AverageAnnualReturnYear10 5.54% [1]
    Monteagle Select Value Fund | After Taxes on Distributions | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 19.88%
    5 Years rr_AverageAnnualReturnYear05 13.40%
    10 Years rr_AverageAnnualReturnYear10 3.79% [1]
    Monteagle Select Value Fund | After Taxes on Distributions and Sales | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 12.04%
    5 Years rr_AverageAnnualReturnYear05 12.58%
    10 Years rr_AverageAnnualReturnYear10 4.01% [1]
    Monteagle Select Value Fund | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 11.93%
    5 Years rr_AverageAnnualReturnYear05 14.62%
    10 Years rr_AverageAnnualReturnYear10 6.93% [1]
    Monteagle Value Fund  
    Risk Return Abstract rr_RiskReturnAbstract  
    Objective [Heading] rr_ObjectiveHeading

    Investment Objective

    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

    The investment objective of the Monteagle Value Fund (the “Fund”) is long term growth of capital.

    Expense [Heading] rr_ExpenseHeading

    Fees and Expenses of the Fund

    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

    Shareholder Fees (fees paid directly from your investment)

    Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
    Sales Charge (Load) Imposed on Reinvested Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
    Redemption Fee rr_RedemptionFee none
    Exchange Fee rr_ExchangeFee none
    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)

    Management Fees rr_ManagementFeesOverAssets 1.20%
    Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Other Expenses rr_OtherExpensesOverAssets 0.13%
    Acquired (Underlying) Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.34% [2]
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

    Portfolio Turnover

    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 30% of the average value of its portfolio.

    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 30.00%
    Expense Example [Heading] rr_ExpenseExampleHeading

    Example

    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

    The example is intended to help you compare the cost of investing in the Fund to the cost of investing in other mutual funds.

     

    The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year, and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

    One Year rr_ExpenseExampleYear01 $ 134
    Three Years rr_ExpenseExampleYear03 425
    Five Years rr_ExpenseExampleYear05 734
    Ten Years rr_ExpenseExampleYear10 $ 1,613
    Strategy [Heading] rr_StrategyHeading

    Principal Investment Strategies

    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

    A long-term (or “buy and hold”) approach is used to manage the Fund’s portfolio. The Fund invests primarily in common stocks of small, medium and large capitalization U.S. companies (those with market capitalizations of $1 billion or more) that are believed to be undervalued based on value characteristics, such as lower relative price valuations, above average earnings per share growth and higher dividend yields compared to the S&P 500 Index. A stock will be sold when it is no longer undervalued or when the fundamentals of the company that affect revenue and profitability have changed significantly, either in a positive or negative direction.

     

    It is the Fund’s policy to limit investment in any one industry or group of related industries to no more than 25% of the portfolio. In light of and subject to that limitation, the Fund may make significant investments in certain industries or group of industries from time to time. For example, the Fund is currently below the limitation but has a significant position in the basic materials and industrial sectors, which may change in the near or distant future. It is not the intent of the Fund to be a sector fund.

    Risk [Heading] rr_RiskHeading

    Principal Investment Risks

    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Company Risk. The Fund might decrease in value in response to the activities and financial prospects of an individual company in the Fund’s portfolio. The value of an individual company can be more volatile than the market as a whole.

     

    Volatility Risk. Common stocks tend to be more volatile than other investment choices. Because the Fund will emphasize various industries, the value of your shares is likely to be more volatile than a fund that invests in a broader range of industries.

     

    Portfolio Turnover Risk. Generally, the Fund intends to invest for long-term purposes. However, the Fund’s rate of portfolio turnover will depend upon market and other conditions, and it will not be a limiting factor when the Sub-adviser believes that portfolio changes are necessary or appropriate. Periods of portfolio “repositioning” may result in a high portfolio turnover rate. A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

     

    Small and Mid-Capitalization Risk. The Fund may invest in mid-capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements, for reasons including that the stocks are generally traded in lower volume and that the issuers are more sensitive to changing conditions and have less certain growth prospects.

     

    Sector Risk. While the Fund will not concentrate its investments in any one industry or group of related industries by investing more than 25% of the portfolio, the Fund may make significant investments in certain sectors or group of sectors within a particular industry or industries from time to time.

     

    Basic Materials Risk. The Fund has a significant position in the basic materials sector. Basic materials companies are commodity producers, and customers’ decisions are made primarily on price. Commodity prices, driven by the intersection of supply and demand, are a key determinant of these companies’ earnings. Commodities, and the basic materials sector, are vulnerable to adverse movements in prices and exchange rates. Additionally, this sector may be affected by geopolitical changes and relations.

     

    Industrial Sector Risk. The Fund has a significant position in the industrial sector. Companies in the industrial sector may be adversely affected by changes in government regulation, world events and economic conditions. In addition, these companies are at risk for environmental damage claims. Companies in this sector may be adversely affected by commodity price volatility, changes in exchange rates, imposition of import controls, increased competition, depletion of resources, technological developments and labor relations.

     

    Value Style Risk. The Fund invests in a style that emphasizes “value stocks”. The market may not agree with the determination that a stock is undervalued, and the stock’s price may not increase to what the Fund’s investment adviser or Sub-adviser believes is its full value. It may even decrease in value.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Risk Lose Money [Text] rr_RiskLoseMoney

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested.

    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

    Performance

    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past ten full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    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.

    Annual Return 2007 rr_AnnualReturn2007 11.08%
    Annual Return 2008 rr_AnnualReturn2008 (40.78%)
    Annual Return 2009 rr_AnnualReturn2009 36.79%
    Annual Return 2010 rr_AnnualReturn2010 15.88%
    Annual Return 2011 rr_AnnualReturn2011 (4.31%)
    Annual Return 2012 rr_AnnualReturn2012 11.52%
    Annual Return 2013 rr_AnnualReturn2013 32.44%
    Annual Return 2014 rr_AnnualReturn2014 3.53%
    Annual Return 2015 rr_AnnualReturn2015 (9.25%)
    Annual Return 2016 rr_AnnualReturn2016 26.47%
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 17.48%.

     

    During the period shown in the bar chart, the highest quarterly return was 15.30% (for the quarter ended September 30, 2009) and the lowest return was -27.28% (for the quarter ended December 31, 2008).

    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

    highest return for a quarter

    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.30%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

    lowest return for a quarter

    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.28%)
    Performance Table Heading rr_PerformanceTableHeading

    Average Annual Total Returns

    For Period Ended December 31, 2016

    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates

    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred

    If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

    The table that follows shows how the Fund’s average annual total returns compare to those of the S&P 500 Index and the Russell 2000 Value Index. The Russell 2000 Value Index, which tracks stocks in the Russell 2000 Index with lower price-to-book ratios and lower forecasted growth values, is provided as a supplemental benchmark because is it reflective of the market for value stocks in which the Fund invests. The table also presents the impact of taxes on the Fund’s returns. 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. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Monteagle Value Fund | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 26.47%
    5 Years rr_AverageAnnualReturnYear05 11.91%
    10 Years rr_AverageAnnualReturnYear10 5.76% [1],[3]
    Monteagle Value Fund | After Taxes on Distributions | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 24.27%
    5 Years rr_AverageAnnualReturnYear05 9.67%
    10 Years rr_AverageAnnualReturnYear10 4.02% [1],[3]
    Monteagle Value Fund | After Taxes on Distributions and Sales | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 16.07%
    5 Years rr_AverageAnnualReturnYear05 8.87%
    10 Years rr_AverageAnnualReturnYear10 4.19% [1],[3]
    Monteagle Value Fund | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 11.93%
    5 Years rr_AverageAnnualReturnYear05 14.62%
    10 Years rr_AverageAnnualReturnYear10 6.93% [1],[3]
    Monteagle Value Fund | Russell 2000 Value Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 31.74%
    5 Years rr_AverageAnnualReturnYear05 15.08%
    10 Years rr_AverageAnnualReturnYear10 6.26% [1],[3]
    Monteagle Informed Investor Growth Fund  
    Risk Return Abstract rr_RiskReturnAbstract  
    Objective [Heading] rr_ObjectiveHeading

    Investment Objective

    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

    The investment objective of the Monteagle Informed Investor Growth Fund (the “Fund”) is long term growth of capital.

    Expense [Heading] rr_ExpenseHeading

    Fees and Expenses of the Fund

    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

    The table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

    Shareholder Fees (fees paid directly from your investment)

    Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
    Sales Charge (Load) Imposed on Reinvested Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
    Redemption Fee rr_RedemptionFee none
    Exchange Fee rr_ExchangeFee none
    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)

    Management Fees rr_ManagementFeesOverAssets 1.20%
    Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Other Expenses rr_OtherExpensesOverAssets 0.19%
    Acquired (Underlying) Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.05% [2]
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.44% [2]
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

    Portfolio Turnover

    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 610% of the average value of its portfolio.

    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 610.00%
    Expense Example [Heading] rr_ExpenseExampleHeading

    Example

    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

    This example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    This example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all 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 would be:

    One Year rr_ExpenseExampleYear01 $ 147
    Three Years rr_ExpenseExampleYear03 456
    Five Years rr_ExpenseExampleYear05 787
    Ten Years rr_ExpenseExampleYear10 $ 1,724
    Strategy [Heading] rr_StrategyHeading

    Principal Investment Strategies

    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

    The Fund seeks to achieve its objective by investing in “growth stocks.” These are stocks that the Fund’s Sub-adviser believes demonstrate accelerating cash flows, profit margins and/or revenues. The Sub-adviser emphasizes companies where management and/or large outside investors (such as banks, insurance companies and mutual funds) are buyers or owners of the stock or where the company itself is repurchasing its own shares on the open market. Each of these types of investment professionals is considered an “Informed Investor.”

     

    Investment decision-making for the Fund is triggered by detailed research analysis of such factors as a candidate company’s financial stability and strength, internal valuation and pricing ratios, sector leadership and, most significantly, the sustainability of the earnings growth rate. Similar factors determine when a security is sold. In this regard, the Sub-adviser uses a strict sell discipline. The discipline has sell signals: sell-stops protect profits and minimize future losses; sell signal when stock’s “Loss Limit” price safeguard is violated; and sell signal on any advancing indicators of a company’s fundamental breakdown. A consequence of the Sub-adviser’s strategy, under certain market conditions, is high turnover. The Sub-adviser sees active trading as necessary to address market disturbances, volatility and the like.

     

    The Fund invests primarily in common stocks of medium and large capitalization U.S. companies, but may invest in companies of any size. Although the Fund will not concentrate in any one industry, it is anticipated that the Fund’s portfolio will focus on a small, select group of industries (“growth industries”) which the Fund’s Sub-adviser believes offer superior growth opportunities based on overall economic trends.

     

    The Fund may also invest a portion of its assets in broad market index exchange traded funds (“ETFs”). From time to time, the Fund’s Sub-adviser may determine that only a limited number of companies meet the criteria for investment described above. At such times, all or a significant portion of the Fund’s assets may be invested in ETFs, money market instruments (including money market mutual funds) or repurchase agreements for an extended period of time. However, the Fund currently does not invest in leveraged or other ETFs that create exposure for the Fund to “commodity interests” as defined in the Commodity Exchange Act that would cause the Fund to be considered a “commodity pool” under that Act.

    Risk [Heading] rr_RiskHeading

    Principal Investment Risks

    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Volatility Risk. Because the Fund will emphasize various industries, the value of your shares is likely to be more volatile than a fund that invests in a broader range of industries.

     

    Small and Mid-Capitalization Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    Other Investment Company Securities and ETFs Risk. When the Fund invests in another mutual fund or ETF, the Fund will indirectly bear its proportionate share of any fees and expenses payable directly by the underlying fund. Therefore, the Fund will incur higher expenses, many of which may be duplicative. In addition, the Fund may be affected by losses of the underlying funds and the level of risk arising from the investment practices of the underlying funds (such as the use of leverage by the funds). ETFs are subject to additional risks such as the fact that its shares may trade at a market price that is above or below its net asset value or an active market may not develop. The Fund has no control over the investments and related risks taken by the underlying funds in which it invests.

     

    Portfolio Turnover Risk. The Fund’s investment strategy may result in a high portfolio turnover rate. A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

     

    Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, and has the ability to invest a relatively high percentage of its investments in the securities of a small number of issuers, which could be viewed as riskier than a diversified fund.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Risk Lose Money [Text] rr_RiskLoseMoney

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested.

    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

    Performance

    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

     

    The following chart shows the total return of the Fund for the past five full calendar years for periods subsequent to the effective date of the Fund’s registration statement.

    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.

    Annual Return 2009 rr_AnnualReturn2009 54.97%
    Annual Return 2010 rr_AnnualReturn2010 14.94%
    Annual Return 2011 rr_AnnualReturn2011 (15.35%)
    Annual Return 2012 rr_AnnualReturn2012 10.70%
    Annual Return 2013 rr_AnnualReturn2013 31.21%
    Annual Return 2014 rr_AnnualReturn2014 (1.22%)
    Annual Return 2015 rr_AnnualReturn2015 6.30%
    Annual Return 2016 rr_AnnualReturn2016 5.64%
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 10.31%.

     

    During the period shown in the bar chart, the highest quarterly return was 17.42% (for the quarter ended September 30, 2009) and the lowest return was -10.69% (for the quarter ended September 30, 2011).

    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

    highest return for a quarter

    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.42%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

    lowest return for a quarter

    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (10.69%)
    Performance Table Heading rr_PerformanceTableHeading

    Average Annual Total Returns

    For Period Ended December 31, 2016

    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates

    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred

    If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Monteagle Informed Investor Growth Fund | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 5.64%
    5 Years rr_AverageAnnualReturnYear05 10.01%
    Since Inception rr_AverageAnnualReturnSinceInception 9.85%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2008
    Monteagle Informed Investor Growth Fund | After Taxes on Distributions | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 4.07%
    5 Years rr_AverageAnnualReturnYear05 6.37%
    Since Inception rr_AverageAnnualReturnSinceInception 6.40%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2008
    Monteagle Informed Investor Growth Fund | After Taxes on Distributions and Sales | Institutional Class  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 3.56%
    5 Years rr_AverageAnnualReturnYear05 6.39%
    Since Inception rr_AverageAnnualReturnSinceInception 6.46%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2008
    Monteagle Informed Investor Growth Fund | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 11.93%
    5 Years rr_AverageAnnualReturnYear05 14.62%
    Since Inception rr_AverageAnnualReturnSinceInception 8.53%
    Inception Date rr_AverageAnnualReturnInceptionDate Apr. 03, 2008
    The Texas Fund  
    Risk Return Abstract rr_RiskReturnAbstract  
    Objective [Heading] rr_ObjectiveHeading

    Investment Objective

    Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

    The investment objective of The Texas Fund (the “Fund”) is long-term capital appreciation. The Fund is an equity fund.

    Expense [Heading] rr_ExpenseHeading

    Fees and Expenses of the Fund

    Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

    This table describes the fees and expenses you may pay if you buy and hold shares of the Fund.

    Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

    Shareholder Fees (fees paid directly from your investment)

    Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
    Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
    Sales Charge (Load) Imposed on Reinvested Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
    Redemption Fee rr_RedemptionFee none
    Exchange Fee rr_ExchangeFee none
    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)

    Management Fees rr_ManagementFeesOverAssets 1.45%
    Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
    Other Expenses rr_OtherExpensesOverAssets 0.21%
    Acquired (Underlying) Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
    Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.67% [2]
    Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

    Portfolio Turnover

    Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

    The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund’s performance. During most recent fiscal year, the Fund’s portfolio turnover rate was 40% of the average value of its portfolio.

    Portfolio Turnover, Rate rr_PortfolioTurnoverRate 40.00%
    Expense Example [Heading] rr_ExpenseExampleHeading

    Example

    Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

    This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

     

    The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all 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 would be:

    One Year rr_ExpenseExampleYear01 $ 170
    Three Years rr_ExpenseExampleYear03 526
    Five Years rr_ExpenseExampleYear05 907
    Ten Years rr_ExpenseExampleYear10 $ 1,976
    Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

    You would pay the same expenses listed in the above table if you did not redeem your shares.

    Strategy [Heading] rr_StrategyHeading

    Principal Investment Strategies

    Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

    The Fund’s principal investment strategy is to invest at least 80% of its assets, less any borrowing for investment purposes, in the common stock of companies either (i) headquartered in Texas based on information provided by Morningstar, Inc., (ii) organized under the laws of Texas, or (iii) that, during the most recent fiscal year, derived at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in Texas or that have at least 50% of its assets in Texas. In determining whether a company meets this condition, the Sub-Adviser may rely on such information and sources as the Sub-Adviser deems reasonable and appropriate.

     

    The Fund will be invested across a broad market capitalization spectrum, including small, mid and large capitalization companies. The Sub-Adviser typically selects companies in which to invest by performing an initial market capitalization screening of $500 million or more. The Sub-Adviser controls for risk by performing fundamental analyses of the initially screened companies. The Sub-Adviser analyzes factors such as financial conditions, industry position, and market and economic conditions and trends to select investments and make buy and sell decisions. Once the Sub-Adviser selects companies in which to invest, the Sub-Adviser initially equally weights the companies within each sector. The Sub-Adviser does not equally weight each sector within the Fund.

     

    The Fund will not invest 25% or more of its assets in any industry or group of related industries. However, the Fund does intend to have a high level of investments in the oil and gas industry due to the Fund’s management team’s belief that such industry has superior growth opportunities. Except as otherwise permitted by the Fund’s non-fundamental policies, any concentration in a specific sector or industry will be under this 25% concentration threshold.

    Risk [Heading] rr_RiskHeading

    Principal Investment Risks

    Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

    An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested. There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject to the following additional risks:

     

    Investment Selection Risk. The Fund’s ability to achieve its investment objective is dependent on the Sub-Adviser’s ability to identify profitable investment opportunities for the Fund.

     

    Market Risk. The value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions.

     

    Business and Sector Risk. From time to time, a particular set of circumstances may affect a particular industry or certain companies within an industry, while having little or no impact on other industries or other companies within the industry.

     

    Geographic Concentration Risk. The Fund’s investments are concentrated in Texas, and therefore the Fund will be susceptible to adverse market, political, regulatory, social, economic and geographic events affecting Texas. The Fund’s performance may be more volatile than the performance of more geographically diverse funds. Since one of the main industries in Texas is mining and logging, including the oil and gas sectors, Texas is particularly susceptible to economic, environmental and political activities affecting this industry.

     

    Oil and Gas Sector Risk. Companies in the oil and gas sector may have significant operations in areas at risk for natural disasters, social unrest and environmental damage. These companies may also be at risk for increased government regulations and intervention, litigation, and negative publicity and perception.

     

    Large Company Risk. The Fund may invest in larger, more established companies, which may be unable to respond to new competitive challenges. Additionally, large companies may be unable to attain the high growth rates of successful, small companies, especially during extended periods of economic expansion.

     

    Small and Mid-Capitalization Company Risk. The Fund may invest in small and medium capitalization companies which involve greater risks than those associated with larger, more established companies. Smaller companies may be subject to more abrupt or erratic price movements.

     

    An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund is not a complete investment program.

    Risk Lose Money [Text] rr_RiskLoseMoney

    An investment in the Fund is subject to investment risks, including the possible loss of some or all the principal amount invested.

    Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

    Performance

    Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

    The bar chart and performance table that follow provide some indication of the risks and variability of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns compare with those of a broad measure of market performance. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

    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.

    Annual Return 2014 rr_AnnualReturn2014 (4.42%)
    Annual Return 2015 rr_AnnualReturn2015 (15.79%)
    Annual Return 2016 rr_AnnualReturn2016 16.23%
    Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

    The Fund’s Institutional Class Shares year-to-date total return through September 30, 2017 was 3.31%.

     

    During the period shown in the bar chart, the highest quarterly return was 7.80% (for the quarter ended December 31, 2016) and the lowest return was -12.08% (for the quarter ended September 30, 2015).

    Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel

    highest return for a quarter

    Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Dec. 31, 2016
    Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.80%
    Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel

    lowest return for a quarter

    Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2015
    Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (12.08%)
    Performance Table Heading rr_PerformanceTableHeading

    Average Annual Total Returns

    For Period Ended December 31, 2016

    Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate

    After-tax returns are calculated using the historical highest individual federal marginal income tax rates

    Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred

    If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

    The table below shows how the Fund’s average annual total returns compared to those of the S&P 500 Index. The table also presents the impact of taxes on the Fund’s returns. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state or local income taxes. Your actual after-tax returns depend on your tax situation and may differ from those shown. If you own the Fund in a tax-deferred account, such as an individual retirement account (“IRA”) or a 401(k) plan, after-tax returns are not relevant to your investment because such accounts are subject to taxes only upon distribution.

    The Texas Fund | Class I  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 16.23%
    Since Inception rr_AverageAnnualReturnSinceInception (0.08%)
    The Texas Fund | After Taxes on Distributions | Class I  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 16.23%
    Since Inception rr_AverageAnnualReturnSinceInception (0.44%)
    The Texas Fund | After Taxes on Distributions and Sales | Class I  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 9.18%
    Since Inception rr_AverageAnnualReturnSinceInception (0.20%)
    The Texas Fund | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
    Risk Return Abstract rr_RiskReturnAbstract  
    1 Year rr_AverageAnnualReturnYear01 11.93%
    Since Inception rr_AverageAnnualReturnSinceInception 10.94%
    [1] Performance reflects fee waivers by the Fund's investment adviser for periods prior to 2007; had advisory fees not been waived during such periods, returns would be less than those shown.
    [2] Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights. The information in the Financial Highlights reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Acquired Fund Fees and Expenses are the fees and expenses incurred indirectly by the Fund as a result of its investments in investment companies and other pooled investment vehicles.
    [3] Includes returns of the Unified Predecessor Fund.
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