0001398344-18-014788.txt : 20181011 0001398344-18-014788.hdr.sgml : 20181011 20181011122147 ACCESSION NUMBER: 0001398344-18-014788 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20181011 DATE AS OF CHANGE: 20181011 EFFECTIVENESS DATE: 20181011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMIDEX FUNDS INC CENTRAL INDEX KEY: 0001074440 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-68099 FILM NUMBER: 181117753 BUSINESS ADDRESS: STREET 1: 970 RITTENHOUSE ROAD CITY: EAGLEVILLE STATE: PA ZIP: 19402 BUSINESS PHONE: 888-876-3566 MAIL ADDRESS: STREET 1: 630 FITZWATERTOWN ROAD STREET 2: BUILDING A, 2ND FLOOR CITY: WILLOW GROVE STATE: PA ZIP: 19090-1904 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMIDEX FUNDS INC CENTRAL INDEX KEY: 0001074440 IRS NUMBER: 000000000 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-09123 FILM NUMBER: 181117752 BUSINESS ADDRESS: STREET 1: 970 RITTENHOUSE ROAD CITY: EAGLEVILLE STATE: PA ZIP: 19402 BUSINESS PHONE: 888-876-3566 MAIL ADDRESS: STREET 1: 630 FITZWATERTOWN ROAD STREET 2: BUILDING A, 2ND FLOOR CITY: WILLOW GROVE STATE: PA ZIP: 19090-1904 0001074440 S000004489 Amidex35 Israel Mutual Fund C000012356 Amidex35 Israel Mutual Fund Class A AMDAX C000012357 Amidex35 Israel Mutual Fund Class No-Load AMDEX C000012358 Amidex35 Israel Mutual Fund Class C AMDCX 485BPOS 1 fp0036165_485bpos-xbrl.htm

AMIDEXTM FUNDS, INC.

 

Securities Act Registration No. 333-68099

Investment Company Act Reg. No. 811-09123

 

 

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. 34 [X]
   
and/or  
   
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 [X]

 

Amendment No. 37

(Check appropriate box or boxes.)

 

AMIDEX™ FUNDS, INC.

(Exact Name of Registrant as Specified in Charter)

 

970 RITTENHOUSE RD., EAGLEVILLE, PA 19403
(Address of Principal Executive Offices) (Zip Code)

 

(610) 666-1330

(Registrant's Telephone Number, including Area Code)

 

CLIFFORD A. GOLDSTEIN, PRESIDENT

970 RITTENHOUSE RD

EAGLEVILLE, PA 19403

(Name and Address of Agent for Service)

 

With Copy To:

 

ANDRAS TELEKI

M3SIXTY ADMINISTRATION, LLC

4300 SHAWNEE MISSION PARKWAY, SUITE 100

FAIRWAY, KS 66205

 

Approximate Proposed Offering: As soon as practicable after the Registration Statement becomes effective.

 

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

 

  [X] immediately upon filing pursuant to Rule 485, paragraph (b)

  [  ] on _____________ pursuant to Rule 485, paragraph (b)

  [  ] 60 days after filing pursuant to Rule 485, paragraph (a)(1)

  [  ] on_____________ pursuant to Rule 485, paragraph (a)(1)

  [  ] 75 days after filing pursuant to Rule 485, paragraph (a)(2)

  [  ] on_____________ pursuant to Rule 485, paragraph (a)(2)

 

If appropriate, check the following box:

 

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

 

PURSUANT TO RULE 24F-2 UNDER THE INVESTMENT COMPANY ACT OF 1940, REGISTRANT HEREBY DECLARES THAT AN INDEFINITE NUMBER OR AMOUNT OF SHARES ARE BEING REGISTERED UNDER THE SECURITIES ACT OF 1933.

 

 

 

EXPLANATORY NOTE

 

This Post-Effective Amendment No. 34 to the Trust's Registration Statement on Form N-1A is filed for the sole purpose of submitting the XBRL exhibits for the risk/return summary first provided in Post-Effective Amendment No. 31 filed September 28th, 2018 and incorporates Parts A, B and C from said amendment.

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that this post effective amendment #34 to the Company's Registration Statement on Form N-1A meets all of the requirements for immediate effectiveness pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Eagleville, and State of Pennsylvania this 11th day of October, 2018.

 

  AMIDEX™ FUNDS, INC.  
  (Registrant)  
     
  /s/ Clifford A. Goldstein  
  CLIFFORD A. GOLDSTEIN  
  Its: President & Chairman  

 

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

 

Name   Title   Date
         
/s/ Clifford A. Goldstein   President, Chairman   October 11, 2018
CLIFFORD A GOLDSTEIN   Treasurer    
         
/s/ Eli Gabay   Director   October 11, 2018
ELI GABAY        
         
/s/ Erica Levi Zelinger   Director   October 11, 2018
ERICA LEVI ZELINGER        

 

 

 

EXHIBIT INDEX

 

Exhibit No. Exhibit
EX-101.INS XBRL Instance Document
EX-101.SCH XBRL Taxonomy Extension Schema Document
EX-101.CALC XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE XBRL Taxonomy Extension Presentation Linkbase

 

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Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Highest/Lowest quarterly results during this time period were:</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">HIGHEST 23.66% (quarter ended June 30, 2009)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">LOWEST -27.77% (quarter ended December 31, 2008)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">The year-to-date return as of the most recent calendar quarter, which ended June 30, 2018, was +0.56%.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Highest/Lowest quarterly results during this time period were:</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">HIGHEST A Class 23.66% (quarter ended June 30, 2009)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">LOWEST A Class -27.89% (quarter ended December 31, 2008)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">The bar chart above does not reflect any applicable sales charges which would reduce returns. The AMIDEX35&#8482; Israel Mutual Fund's year-to-date return as of the most recent calendar quarter, which ended June 30, 2018, for the Class A Shares was +0.55% .</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AVERAGE ANNUAL TOTAL RETURNS FOR CLASS NO LOAD SHARES</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the Period Ended 12/31/2017</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AVERAGE ANNUAL TOTAL RETURNS</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the Period Ended 12/31/2017</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">(Results do not reflect taxes and do not include a sales charge; if a sales charge were included, results would be lower.)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For current performance information, call 1-888-876-3566 or visit www.amidex.com.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">''MSCI'' and the ''MSCI World Index'' are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&#160;</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The table shows the impact of taxes on the Fund's returns. The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. 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As is the case with most investments, you may lose money by investing in the Fund. The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35&#153; Index. The AMIDEX35&#153; Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification. The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35&#153; Index. The AMIDEX35&#153; Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification. The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart and table show how the Fund has performed and how its performance has varied from year to year. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future. 1-888-876-3566 1-888-876-3566 www.amidex.com www.amidex.com year-to-date return year-to-date return 2018-06-30 2018-06-30 0.0056 0.0055 HIGHEST HIGHEST 0.2366 0.2366 2009-06-30 2009-06-30 LOWEST LOWEST 2008-12-31 2008-12-31 -0.2777 -0.2789 The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. 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If you are a participant in a qualified employee retirement benefit plan with at least 100 eligible employees, you may purchase Class A shares without any sales charges. However, if you redeem your shares within eighteen months of purchase, you will be charged a fee of 1.00% of the redemption proceeds. Class A shares commenced investment operations on November 19, 1999. Class C shares commenced investment operations on May 19, 2000. 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Document Type 485BPOS
Document Period End Date May 31, 2018
Registrant Name AMIDEX FUNDS INC
Central Index Key 0001074440
Amendment Flag false
Document Creation Date Sep. 28, 2018
Document Effective Date Sep. 28, 2018
Prospectus Date Sep. 28, 2018
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No-Load Class | Amidex35 Israel Mutual Fund
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FUND SUMMARY</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Investment Objective</u></p>

The Fund's investment objective is long-term growth of capital.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FEES AND EXPENSES OF THE FUND</b></p>

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

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SHAREHOLDER FEES: (Fees paid directly from your investment)</p>
Shareholder Fees
No-Load Class
Amidex35 Israel Mutual Fund
Amidex35 Israel Mutual Fund Class No-Load
USD ($)
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price) none
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds) none
REDEMPTION FEES (as a percentage of amount redeemed for shares held less than 365 calendar days) 2.00%
EXCHANGE FEES none
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)</p>
Annual Fund Operating Expenses
No-Load Class
Amidex35 Israel Mutual Fund
Amidex35 Israel Mutual Fund Class No-Load
MANAGEMENT FEES 0.80%
SERVICE AND DISTRIBUTION (12b-1) FEES 0.25%
OTHER EXPENSES 3.44%
ACQUIRED (UNDERLYING) FUND FEES AND EXPENSES 0.01%
TOTAL ANNUAL FUND OPERATING EXPENSES 4.50%
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS OF INVESTING IN OTHER MUTUAL FUNDS. THE EXAMPLE ASSUMES THAT YOU INVEST $10,000 IN THE FUND FOR THE TIME PERIODS INDICATED AND THEN REDEEM ALL YOUR SHARES AT THE END OF THOSE PERIODS. THE EXAMPLE ALSO ASSUMES THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR AND THAT THE FUND'S OPERATING EXPENSES REMAIN THE SAME. ALTHOUGH YOUR ACTUAL COSTS AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:</p>
Expense Example
One Year
Three Years
Five Years
Ten Years
No-Load Class | Amidex35 Israel Mutual Fund | Amidex35 Israel Mutual Fund Class No-Load | USD ($) 652 1,360 2,278 4,614
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">You would pay the following expenses if you did not redeem your shares:</p>
Expense Example, No Redemption
One Year
Three Years
Five Years
Ten Years
No-Load Class | Amidex35 Israel Mutual Fund | Amidex35 Israel Mutual Fund Class No-Load | USD ($) 451 1,360 2,278 4,614

If you hold your shares for less than 365 days, a fee of 2.00% of the net amount redeemed of your Fund shares will be charged to you as an early redemption fee.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Portfolio Turnover.</u></p>

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 11.13% of the average value of its portfolio.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Investment Strategies of the Fund.</u></p>

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the "Index"), in approximately the same percentages as those companies are included in the Index or until the Fund's net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Risks of Investing in the Fund.</u></p>

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund's share prices will fluctuate each day, depending on the changing value of the securities making up the Fund's portfolio. On any given day, your shares may be worth less than what you paid for them.

 

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

 

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

 

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

 

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

 

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange ("TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

 

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

 

i.       Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

 

ii.       Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

 

iii.       Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

 

iv.       Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

 

v.       The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

 

vi.       Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund's receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

 

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Performance Information</u></p>

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund's yearly performance to demonstrate that the Fund's value varied at different times. The table below compares the Fund's performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif"><b> Year-by-Year Total Return as of Dec. 31st </b></font></p>
Bar Chart

Highest/Lowest quarterly results during this time period were:

 

HIGHEST 23.66% (quarter ended June 30, 2009)

LOWEST -27.77% (quarter ended December 31, 2008)

 

The year-to-date return as of the most recent calendar quarter, which ended June 30, 2018, was +0.56%.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AVERAGE ANNUAL TOTAL RETURNS FOR CLASS NO LOAD SHARES</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the Period Ended 12/31/2017</p>
Average Annual Total Returns - No-Load Class - Amidex35 Israel Mutual Fund
1 Year
5 Years
10 Years
Amidex35 Israel Mutual Fund Class No-Load 10.76% 2.65% (1.17%)
Amidex35 Israel Mutual Fund Class No-Load | After Taxes on Distributions 10.76% 2.65% (1.18%)
Amidex35 Israel Mutual Fund Class No-Load | After Taxes on Distributions and Sales 6.50% 2.14% (0.93%)
MSCI Israel Index (reflects no deductions for fees, expenses or taxes) 26.77% 3.34% (0.72%)
MSCI World Index (reflects no deductions for fees, expenses or taxes) 23.10% 12.31% 5.68%

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

 

''MSCI'' and the ''MSCI World Index'' are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

 

The table shows the impact of taxes on the Fund's returns. The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor's tax situation and may differ from those shown.

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A and C Class | Amidex35 Israel Mutual Fund
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FUND SUMMARY</b></p>
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Investment Objective</u></p>

The Fund's investment objective is long-term growth of capital.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FEES AND EXPENSES OF THE FUND </b></p>

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

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SHAREHOLDER FEES: (Fees paid directly from your investment)</p>
Shareholder Fees - A and C Class - Amidex35 Israel Mutual Fund
Amidex35 Israel Mutual Fund Class A
Amidex35 Israel Mutual Fund Class C
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price) 5.50% none
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds) none 1.00% [1]
REDEMPTION FEES (as a percentage of amount redeemed for shares held less than 365 calendar days) [2] none none
[1] Investments in Class C shares are not subject to an initial sales charge; however, a contingent deferred sales charge of 1% is imposed in the event of certain redemption transactions within thirteen months following such investments.
[2] If you are a participant in a qualified employee retirement benefit plan with at least 100 eligible employees, you may purchase Class A shares without any sales charges. However, if you redeem your shares within eighteen months of purchase, you will be charged a fee of 1.00% of the redemption proceeds.
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)</p>
Annual Fund Operating Expenses - A and C Class - Amidex35 Israel Mutual Fund
Amidex35 Israel Mutual Fund Class A
[1]
Amidex35 Israel Mutual Fund Class C
[2]
MANAGEMENT FEES 0.80% 0.80%
SERVICE AND DISTRIBUTION (12b-1) FEES 0.25% 1.00%
OTHER EXPENSES 3.44% 3.44%
ACQUIRED (UNDERLYING) FUND FEES AND EXPENSES 0.01% 0.01%
TOTAL ANNUAL FUND OPERATING EXPENSES 4.50% 5.25%
[1] Class A shares commenced investment operations on November 19, 1999.
[2] Class C shares commenced investment operations on May 19, 2000.
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS OF INVESTING IN OTHER MUTUAL FUNDS. THE EXAMPLE ASSUMES THAT YOU INVEST $10,000 IN THE FUND FOR THE TIME PERIODS INDICATED AND THEN REDEEM ALL YOUR SHARES AT THE END OF THOSE PERIODS. THE EXAMPLE ALSO ASSUMES THAT YOUR INVESTMENT HAS A 5% RETURN EACH YEAR AND THAT THE FUND'S OPERATING EXPENSES REMAIN THE SAME. ALTHOUGH YOUR ACTUAL COSTS AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:</p>
Expense Example - A and C Class - Amidex35 Israel Mutual Fund - USD ($)
One Year
Three Years
Five Years
Ten Years
Amidex35 Israel Mutual Fund Class A 976 1,835 2,703 4,910
Amidex35 Israel Mutual Fund Class C 624 1,569 2,609 5,185
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0">You would pay the following expenses if you did not redeem your shares:</p>
Expense Example, No Redemption - A and C Class - Amidex35 Israel Mutual Fund - USD ($)
One Year
Three Years
Five Years
Ten Years
Amidex35 Israel Mutual Fund Class A 976 1,835 2,703 4,910
Amidex35 Israel Mutual Fund Class C 524 1,569 2,609 5,185
<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Portfolio Turnover.</u></p>

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 11.13% of the average value of its portfolio.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Investment Strategies of the Fund.</u></p>

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the "Index"), in approximately the same percentages as those companies are included in the Index or until the Fund's net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Risks of Investing in the Fund. </u></p>

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund's share prices will fluctuate each day, depending on the changing value of the securities making up the Fund's portfolio. On any given day, your shares may be worth less than what you paid for them.

 

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

 

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

 

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

 

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

 

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange (TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

 

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

 

i.       Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

 

ii.       Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

 

iii.       Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

 

iv.       Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

 

v.       The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

 

vi.       Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund's receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

 

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

 

FREQUENT TRADING RISK - While the Fund does not solicit and is not designed for short-term trading (hereinafter referred to as "frequent trading" or "market timing"), such activity may occur in the Fund. Such trading may result in a dilution in the value of shares held by long-term shareholders. It may create transaction costs that are borne by all shareholders and it may disrupt the orderly management of a Fund's portfolio investments, thereby increasing expenses to the shareholders and harming performance.

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Performance Information</u></p>

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund's yearly performance to demonstrate that the Fund's value varied at different times. The table below compares the Fund's performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

<p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif"><b> Year-by-Year Total Return For Class A Shares</b></font></p> <p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif"><b>As of December 31st </b></font></p>
Bar Chart

Highest/Lowest quarterly results during this time period were:

 

HIGHEST A Class 23.66% (quarter ended June 30, 2009)

LOWEST A Class -27.89% (quarter ended December 31, 2008)

 

The bar chart above does not reflect any applicable sales charges which would reduce returns. The AMIDEX35™ Israel Mutual Fund's year-to-date return as of the most recent calendar quarter, which ended June 30, 2018, for the Class A Shares was +0.55% .

<p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AVERAGE ANNUAL TOTAL RETURNS</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the Period Ended 12/31/2017</p>

(Results do not reflect taxes and do not include a sales charge; if a sales charge were included, results would be lower.)

Average Annual Total Returns - A and C Class - Amidex35 Israel Mutual Fund
1 Year
5 Years
10 Years
Amidex35 Israel Mutual Fund Class A 4.71% 1.47% (1.79%)
Amidex35 Israel Mutual Fund Class A | After Taxes on Distributions 4.71% 1.47% (1.81%)
Amidex35 Israel Mutual Fund Class A | After Taxes on Distributions and Sales 2.85% 1.18% (1.41%)
Amidex35 Israel Mutual Fund Class C 9.87% 1.87% (1.97%)
MSCI Israel Index (reflects no deductions for fees, expenses or taxes) 26.77% 3.34% (0.72%)
MSCI World Index (reflects no deductions for fees, expenses or taxes) 23.10% 12.31% 5.68%

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

 

''MSCI'' and the ''MSCI World Index'' are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

 

The table shows the impact of taxes on the Fund's returns. The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor's tax situation and may differ from those shown.

 

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Registrant Name dei_EntityRegistrantName AMIDEX FUNDS INC
Central Index Key dei_EntityCentralIndexKey 0001074440
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Document Creation Date dei_DocumentCreationDate Sep. 28, 2018
Document Effective Date dei_DocumentEffectiveDate Sep. 28, 2018
Prospectus Date rr_ProspectusDate Sep. 28, 2018
No-Load Class | Amidex35 Israel Mutual Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FUND SUMMARY</b></p>
Objective [Heading] rr_ObjectiveHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Investment Objective</u></p>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund's investment objective is long-term growth of capital.

Expense [Heading] rr_ExpenseHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FEES AND EXPENSES OF THE FUND</b></p>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

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

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SHAREHOLDER FEES: (Fees paid directly from your investment)</p>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)</p>
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Portfolio Turnover.</u></p>
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 11.13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 11.13%
Expense Example [Heading] rr_ExpenseExampleHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS 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 AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:</p>
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">You would pay the following expenses if you did not redeem your shares:</p>
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

If you hold your shares for less than 365 days, a fee of 2.00% of the net amount redeemed of your Fund shares will be charged to you as an early redemption fee.

Strategy [Heading] rr_StrategyHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Investment Strategies of the Fund.</u></p>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the "Index"), in approximately the same percentages as those companies are included in the Index or until the Fund's net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

Risk [Heading] rr_RiskHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Risks of Investing in the Fund.</u></p>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund's share prices will fluctuate each day, depending on the changing value of the securities making up the Fund's portfolio. On any given day, your shares may be worth less than what you paid for them.

 

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

 

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

 

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

 

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

 

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange ("TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

 

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

 

i.       Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

 

ii.       Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

 

iii.       Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

 

iv.       Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

 

v.       The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

 

vi.       Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund's receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

 

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

Risk Lose Money [Text] rr_RiskLoseMoney As is the case with most investments, you may lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Performance Information</u></p>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund's yearly performance to demonstrate that the Fund's value varied at different times. The table below compares the Fund's performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table show how the Fund has performed and how its performance has varied from year to year.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-888-876-3566
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.amidex.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif"><b> Year-by-Year Total Return as of Dec. 31st </b></font></p>
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest/Lowest quarterly results during this time period were:

 

HIGHEST 23.66% (quarter ended June 30, 2009)

LOWEST -27.77% (quarter ended December 31, 2008)

 

The year-to-date return as of the most recent calendar quarter, which ended June 30, 2018, was +0.56%.

Performance Table Heading rr_PerformanceTableHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AVERAGE ANNUAL TOTAL RETURNS FOR CLASS NO LOAD SHARES</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the Period Ended 12/31/2017</p>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

 

''MSCI'' and the ''MSCI World Index'' are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

 

The table shows the impact of taxes on the Fund's returns. The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor's tax situation and may differ from those shown.

No-Load Class | Amidex35 Israel Mutual Fund | Amidex35 Israel Mutual Fund Class No-Load  
Risk Return Abstract rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol AMDEX
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice none
REDEMPTION FEES (as a percentage of amount redeemed for shares held less than 365 calendar days) rr_RedemptionFeeOverRedemption (2.00%)
EXCHANGE FEES rr_ExchangeFee none
MANAGEMENT FEES rr_ManagementFeesOverAssets 0.80%
SERVICE AND DISTRIBUTION (12b-1) FEES rr_DistributionAndService12b1FeesOverAssets 0.25%
OTHER EXPENSES rr_OtherExpensesOverAssets 3.44%
ACQUIRED (UNDERLYING) FUND FEES AND EXPENSES rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
TOTAL ANNUAL FUND OPERATING EXPENSES rr_ExpensesOverAssets 4.50%
One Year rr_ExpenseExampleYear01 $ 652
Three Years rr_ExpenseExampleYear03 1,360
Five Years rr_ExpenseExampleYear05 2,278
Ten Years rr_ExpenseExampleYear10 4,614
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 451
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,360
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,278
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,614
Annual Return 2008 rr_AnnualReturn2008 (40.89%)
Annual Return 2009 rr_AnnualReturn2009 61.14%
Annual Return 2010 rr_AnnualReturn2010 15.18%
Annual Return 2011 rr_AnnualReturn2011 (29.15%)
Annual Return 2012 rr_AnnualReturn2012 0.32%
Annual Return 2013 rr_AnnualReturn2013 16.69%
Annual Return 2014 rr_AnnualReturn2014 0.21%
Annual Return 2015 rr_AnnualReturn2015 (1.44%)
Annual Return 2016 rr_AnnualReturn2016 (10.72%)
Annual Return 2017 rr_AnnualReturn2017 10.76%
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.56%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel HIGHEST
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.66%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel LOWEST
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.77%)
1 Year rr_AverageAnnualReturnYear01 10.76%
5 Years rr_AverageAnnualReturnYear05 2.65%
10 Years rr_AverageAnnualReturnYear10 (1.17%)
No-Load Class | Amidex35 Israel Mutual Fund | After Taxes on Distributions | Amidex35 Israel Mutual Fund Class No-Load  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 10.76%
5 Years rr_AverageAnnualReturnYear05 2.65%
10 Years rr_AverageAnnualReturnYear10 (1.18%)
No-Load Class | Amidex35 Israel Mutual Fund | After Taxes on Distributions and Sales | Amidex35 Israel Mutual Fund Class No-Load  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.50%
5 Years rr_AverageAnnualReturnYear05 2.14%
10 Years rr_AverageAnnualReturnYear10 (0.93%)
No-Load Class | Amidex35 Israel Mutual Fund | MSCI Israel Index (reflects no deductions for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 26.77%
5 Years rr_AverageAnnualReturnYear05 3.34%
10 Years rr_AverageAnnualReturnYear10 (0.72%)
No-Load Class | Amidex35 Israel Mutual Fund | MSCI World Index (reflects no deductions for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 23.10%
5 Years rr_AverageAnnualReturnYear05 12.31%
10 Years rr_AverageAnnualReturnYear10 5.68%
A and C Class | Amidex35 Israel Mutual Fund  
Risk Return Abstract rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FUND SUMMARY</b></p>
Objective [Heading] rr_ObjectiveHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Investment Objective</u></p>
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund's investment objective is long-term growth of capital.

Expense [Heading] rr_ExpenseHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0"><b>FEES AND EXPENSES OF THE FUND </b></p>
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

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

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">SHAREHOLDER FEES: (Fees paid directly from your investment)</p>
Operating Expenses Caption [Text] rr_OperatingExpensesCaption <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)</p>
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Portfolio Turnover.</u></p>
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 11.13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 11.13%
Expense Example [Heading] rr_ExpenseExampleHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify">EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS 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 AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:</p>
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption <p style="font: 11pt Times New Roman, Times, Serif; margin: 0">You would pay the following expenses if you did not redeem your shares:</p>
Strategy [Heading] rr_StrategyHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Investment Strategies of the Fund.</u></p>
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the "Index"), in approximately the same percentages as those companies are included in the Index or until the Fund's net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

Risk [Heading] rr_RiskHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Principal Risks of Investing in the Fund. </u></p>
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund's share prices will fluctuate each day, depending on the changing value of the securities making up the Fund's portfolio. On any given day, your shares may be worth less than what you paid for them.

 

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

 

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

 

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

 

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

 

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange (TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

 

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

 

i.       Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

 

ii.       Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

 

iii.       Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

 

iv.       Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

 

v.       The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

 

vi.       Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund's receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

 

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

 

FREQUENT TRADING RISK - While the Fund does not solicit and is not designed for short-term trading (hereinafter referred to as "frequent trading" or "market timing"), such activity may occur in the Fund. Such trading may result in a dilution in the value of shares held by long-term shareholders. It may create transaction costs that are borne by all shareholders and it may disrupt the orderly management of a Fund's portfolio investments, thereby increasing expenses to the shareholders and harming performance.

Risk Lose Money [Text] rr_RiskLoseMoney As is the case with most investments, you may lose money by investing in the Fund.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2018, four companies each individually comprise more than 5% of the Index and together made up 36.21% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><u>Performance Information</u></p>
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund's yearly performance to demonstrate that the Fund's value varied at different times. The table below compares the Fund's performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table show how the Fund has performed and how its performance has varied from year to year.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-888-876-3566
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.amidex.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading <p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif"><b> Year-by-Year Total Return For Class A Shares</b></font></p> <p style="font: 11pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><font style="font: 11pt Times New Roman, Times, Serif"><b>As of December 31st </b></font></p>
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The bar chart above does not reflect any applicable sales charges which would reduce returns.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest/Lowest quarterly results during this time period were:

 

HIGHEST A Class 23.66% (quarter ended June 30, 2009)

LOWEST A Class -27.89% (quarter ended December 31, 2008)

 

The bar chart above does not reflect any applicable sales charges which would reduce returns. The AMIDEX35™ Israel Mutual Fund's year-to-date return as of the most recent calendar quarter, which ended June 30, 2018, for the Class A Shares was +0.55% .

Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2018
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.55%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel HIGHEST
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 23.66%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel LOWEST
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (27.89%)
Performance Table Heading rr_PerformanceTableHeading <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">AVERAGE ANNUAL TOTAL RETURNS</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0; text-align: center">For the Period Ended 12/31/2017</p>
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

(Results do not reflect taxes and do not include a sales charge; if a sales charge were included, results would be lower.)

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

 

''MSCI'' and the ''MSCI World Index'' are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

 

The table shows the impact of taxes on the Fund's returns. The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor's tax situation and may differ from those shown.

 

A and C Class | Amidex35 Israel Mutual Fund | Amidex35 Israel Mutual Fund Class A  
Risk Return Abstract rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol AMDAX
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice none
REDEMPTION FEES (as a percentage of amount redeemed for shares held less than 365 calendar days) rr_RedemptionFeeOverRedemption none [1]
MANAGEMENT FEES rr_ManagementFeesOverAssets 0.80% [2]
SERVICE AND DISTRIBUTION (12b-1) FEES rr_DistributionAndService12b1FeesOverAssets 0.25% [2]
OTHER EXPENSES rr_OtherExpensesOverAssets 3.44% [2]
ACQUIRED (UNDERLYING) FUND FEES AND EXPENSES rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
TOTAL ANNUAL FUND OPERATING EXPENSES rr_ExpensesOverAssets 4.50% [2]
One Year rr_ExpenseExampleYear01 $ 976
Three Years rr_ExpenseExampleYear03 1,835
Five Years rr_ExpenseExampleYear05 2,703
Ten Years rr_ExpenseExampleYear10 4,910
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 976
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,835
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,703
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,910
Annual Return 2008 rr_AnnualReturn2008 (41.02%)
Annual Return 2009 rr_AnnualReturn2009 61.04%
Annual Return 2010 rr_AnnualReturn2010 15.06%
Annual Return 2011 rr_AnnualReturn2011 (29.22%)
Annual Return 2012 rr_AnnualReturn2012 0.32%
Annual Return 2013 rr_AnnualReturn2013 16.65%
Annual Return 2014 rr_AnnualReturn2014 0.18%
Annual Return 2015 rr_AnnualReturn2015 (1.52%)
Annual Return 2016 rr_AnnualReturn2016 (10.74%)
Annual Return 2017 rr_AnnualReturn2017 10.81%
1 Year rr_AverageAnnualReturnYear01 4.71%
5 Years rr_AverageAnnualReturnYear05 1.47%
10 Years rr_AverageAnnualReturnYear10 (1.79%)
A and C Class | Amidex35 Israel Mutual Fund | Amidex35 Israel Mutual Fund Class C  
Risk Return Abstract rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol AMDCX
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [3]
REDEMPTION FEES (as a percentage of amount redeemed for shares held less than 365 calendar days) rr_RedemptionFeeOverRedemption none [1]
MANAGEMENT FEES rr_ManagementFeesOverAssets 0.80% [4]
SERVICE AND DISTRIBUTION (12b-1) FEES rr_DistributionAndService12b1FeesOverAssets 1.00% [4]
OTHER EXPENSES rr_OtherExpensesOverAssets 3.44% [4]
ACQUIRED (UNDERLYING) FUND FEES AND EXPENSES rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [4]
TOTAL ANNUAL FUND OPERATING EXPENSES rr_ExpensesOverAssets 5.25% [4]
One Year rr_ExpenseExampleYear01 $ 624
Three Years rr_ExpenseExampleYear03 1,569
Five Years rr_ExpenseExampleYear05 2,609
Ten Years rr_ExpenseExampleYear10 5,185
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 524
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 1,569
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 2,609
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 5,185
1 Year rr_AverageAnnualReturnYear01 9.87%
5 Years rr_AverageAnnualReturnYear05 1.87%
10 Years rr_AverageAnnualReturnYear10 (1.97%)
A and C Class | Amidex35 Israel Mutual Fund | After Taxes on Distributions | Amidex35 Israel Mutual Fund Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.71%
5 Years rr_AverageAnnualReturnYear05 1.47%
10 Years rr_AverageAnnualReturnYear10 (1.81%)
A and C Class | Amidex35 Israel Mutual Fund | After Taxes on Distributions and Sales | Amidex35 Israel Mutual Fund Class A  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 2.85%
5 Years rr_AverageAnnualReturnYear05 1.18%
10 Years rr_AverageAnnualReturnYear10 (1.41%)
A and C Class | Amidex35 Israel Mutual Fund | MSCI Israel Index (reflects no deductions for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 26.77%
5 Years rr_AverageAnnualReturnYear05 3.34%
10 Years rr_AverageAnnualReturnYear10 (0.72%)
A and C Class | Amidex35 Israel Mutual Fund | MSCI World Index (reflects no deductions for fees, expenses or taxes)  
Risk Return Abstract rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 23.10%
5 Years rr_AverageAnnualReturnYear05 12.31%
10 Years rr_AverageAnnualReturnYear10 5.68%
[1] If you are a participant in a qualified employee retirement benefit plan with at least 100 eligible employees, you may purchase Class A shares without any sales charges. However, if you redeem your shares within eighteen months of purchase, you will be charged a fee of 1.00% of the redemption proceeds.
[2] Class A shares commenced investment operations on November 19, 1999.
[3] Investments in Class C shares are not subject to an initial sales charge; however, a contingent deferred sales charge of 1% is imposed in the event of certain redemption transactions within thirteen months following such investments.
[4] Class C shares commenced investment operations on May 19, 2000.
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