REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
|
[X]
|
||
Pre-Effective Amendment No.
|
[ ]
|
||
Post-Effective Amendment No.
|
394
|
[X]
|
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
|
[X]
|
||
Amendment No.
|
396
|
[X]
|
[X]
|
Immediately upon filing pursuant to Rule 485(b).
|
[ ]
|
on (date) pursuant to Rule 485(b).
|
[ ]
|
60 days after filing pursuant to Rule 485 (a)(1).
|
[ ]
|
on (date), pursuant to Rule 485(a)(1).
|
[ ]
|
75 days after filing pursuant to Rule 485 (a)(2).
|
[ ]
|
on (date) pursuant to Rule 485(a)(2).
|
[X]
|
This PEA No. 394 hereby incorporates Parts A, B and C from the Fund’s PEA No. 383 on Form N-1A filed June 26, 2013. This PEA No. 394 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 383.
|
TRUST FOR PROFESSIONAL MANAGERS
By: /s/ John P. Buckel
John P. Buckel
President and Principal Executive Officer
|
Signature
|
Title
|
Joseph C. Neuberger*
Joseph C. Neuberger
|
Chairperson and Interested Trustee
|
Michael D. Akers*
Michael D. Akers
|
Independent Trustee
|
Gary A. Drska*
Gary A. Drska
|
Independent Trustee
|
Jonas B. Siegel*
Jonas B. Siegel
|
Independent Trustee
|
/s/ John P. Buckel
John P. Buckel
|
President and Principal Executive Officer
|
Jennifer A. Lima*
Jennifer A. Lima
|
Vice President, Treasurer and Principal Financial and Accounting Officer
|
* By /s/ John P. Buckel
|
John P. Buckel
*Attorney-in-Fact pursuant to Power of Attorney
previously filed with Registrant’s Post-Effective
Amendment No. 357 to its Registration Statement
on Form N-1A with the SEC on January 25, 2013,
and is incorporated by reference.
|
Exhibit
|
Exhibit No.
|
Instance Document
|
EX-101.INS
|
Schema Document
|
EX-101.SCH
|
Calculation Linkbase Document
|
EX-101.CAL
|
Definition Linkbase Document
|
EX-101.DEF
|
Label Linkbase Document
|
EX-101.LAB
|
Presentation Linkbase Document
|
EX-101.PRE
|
Label | Element | Value | |||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Snow Capital Opportunity Fund | |||||||||||||||||||||||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective. | |||||||||||||||||||||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The investment objective of the Snow Capital Opportunity Fund (the “Opportunity Fund” or the “Fund”) is long-term capital appreciation and protection of investment principal. |
|||||||||||||||||||||||||||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses of the Fund. | |||||||||||||||||||||||||||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares if you or your family invest, or agree to invest in the future, at least $25,000 in the Fund. More information about these and other discounts is available from your financial professional and under “Shareholder Information – Choosing a Share Class – Sales Charge on Class A Shares” on page 19 of the Prospectus and under “Sales Charges; Sales Charge Reductions and Waivers – Sales Charge on Class A Shares” on page 43 of the SAI. |
|||||||||||||||||||||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||||||||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-06-29 | |||||||||||||||||||||||||||||
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 generate 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 Total 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 81.32% of the average value of its portfolio. |
|||||||||||||||||||||||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 81.32% | |||||||||||||||||||||||||||||
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] | rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees | Please note that the Total Annual Fund Operating Expenses in the table above do not correlate to the Ratio of Expenses to Average Net Assets found within the "Financial Highlights" section of the prospectus, which do not include Acquired Fund Fees and Expenses. | |||||||||||||||||||||||||||||
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. The operating expense limitation agreement discussed in the table above is reflected only through June 29, 2014. |
|||||||||||||||||||||||||||||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||||||||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | If you did not redeem your Class C shares, you would pay the following expenses: | |||||||||||||||||||||||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies. | |||||||||||||||||||||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | To achieve its investment objective, the Opportunity Fund invests in domestic equity securities, including common and preferred stocks, convertible securities, and shares of other investment companies and exchange-traded funds (“ETFs”) that invest in equity securities. The Fund may invest in securities of companies of any size. In addition to domestic securities, the Fund may have up to 25% of its net assets invested directly or indirectly in foreign securities, including investments in emerging markets. To the extent deemed appropriate by the Adviser to mitigate the risks of volatility in the U.S. equity market, the Fund seeks protection of investment principal by using derivative instruments. Through the Fund’s use of options, including covered call options, naked put options, bull and bear spread option trades, put options and index options, the Adviser attempts to enhance equity returns relative to a long-only equity strategy and to lower the overall volatility of the Fund’s investment portfolio. The Fund may also use futures contracts in place of options to achieve similar results. The Fund may use an investment in a derivative instrument as a substitute for a comparable market position in the underlying equity security or to attempt to “hedge” or limit the exposure of the Fund’s position in an equity security. In addition to equity securities, the Fund may invest up to 50% of its net assets in debt securities of varying maturities and durations, including securities issued or guaranteed as to principal and interest by the U.S. Government or its agencies, instrumentalities or sponsored entities, and including debt securities that have been rated below investment grade by a nationally recognized statistical ratings organization (“NRSRO”), commonly referred to as “junk bonds” or “high yield bonds.” However, the Fund will not purchase debt securities rated as in default by an NRSRO. In addition to direct investments in debt securities, the Fund may invest in other companies and ETFs that invest in debt securities. The Adviser selects investments for the Fund using a bottom-up approach that seeks to identify companies that the Adviser believes are undervalued and are likely to experience a rebound in earnings due to an event or series of events that creates a price to earnings expansion that leads to higher stock price valuations. The Fund’s portfolio typically consists of 30 to 60 equity securities that are weighted according to the Adviser’s projected return expectations. In general, the Adviser may sell an investment when it reaches its target price, when the position grows too large, when the company’s financial position or outlook deteriorates, when an anticipated business catalyst for the investment does not materialize as expected, or to make room in the Fund for a more attractive investment. |
|||||||||||||||||||||||||||||
Risk [Heading] | rr_RiskHeading | Principal Risks. | |||||||||||||||||||||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Opportunity Fund. The principal risks of investing in the Fund are:
|
|||||||||||||||||||||||||||||
Risk Lose Money [Text] | rr_RiskLoseMoney | Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Opportunity Fund. | |||||||||||||||||||||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance. | |||||||||||||||||||||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The performance information demonstrates the risks 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 for the one year, five year and since inception periods compare with those of a broad measure of market performance. Remember, the Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.snowfunds.com or by calling the Fund toll-free at 877-SNOWFND (877-766-9363). |
|||||||||||||||||||||||||||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The performance information demonstrates the risks 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 for the one year, five year and since inception periods compare with those of a broad measure of market performance. | |||||||||||||||||||||||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 877-766-9363 | |||||||||||||||||||||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.snowfunds.com | |||||||||||||||||||||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Remember, the Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. | |||||||||||||||||||||||||||||
Bar Chart [Heading] | rr_BarChartHeading | Institutional Class Shares Calendar Year Returns as of December 31 | |||||||||||||||||||||||||||||
Bar Chart Footnotes [Text Block] | rr_BarChartFootnotesTextBlock |
|
|||||||||||||||||||||||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | The calendar year-to-date return for the Fund’s Institutional Class shares as of March 31, 2013 was 17.68%. During the period shown in the bar chart, the best performance for a quarter was 41.28% (for the quarter ended June 30, 2009). The worst performance was -27.79% (for the quarter ended December 31, 2008). |
|||||||||||||||||||||||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | year-to-date return | |||||||||||||||||||||||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Mar. 31, 2013 | |||||||||||||||||||||||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 17.68% | |||||||||||||||||||||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | best performance | |||||||||||||||||||||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2009 | |||||||||||||||||||||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 41.28% | |||||||||||||||||||||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | worst performance | |||||||||||||||||||||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2008 | |||||||||||||||||||||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (27.79%) | |||||||||||||||||||||||||||||
Index No Deduction for Fees, Expenses, Taxes [Text] | rr_IndexNoDeductionForFeesExpensesTaxes | (reflects no deduction for fees, expenses or taxes) | |||||||||||||||||||||||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the effect of state and local taxes. | |||||||||||||||||||||||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | The after-tax returns shown are not relevant to those investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs"). | |||||||||||||||||||||||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | The after-tax returns are shown only for the Institutional Class shares. The after-tax returns for the Class A and Class C shares will vary. | |||||||||||||||||||||||||||||
Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | After-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the effect of state and local taxes. The after-tax returns shown are not relevant to those investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”). “Return After Taxes on Distributions” shows the effect of taxable distributions (distributions of net investment income and net capital gain) but assumes that Fund shares are still held at the end of the period. The after-tax returns are shown only for the Institutional Class shares. The after-tax returns for the Class A and Class C shares will vary. |
|||||||||||||||||||||||||||||
Caption | rr_AverageAnnualReturnCaption | Average Annual Total Returns For the Periods Ended December 31, 2012 | |||||||||||||||||||||||||||||
S&P 500® Index (reflects no deduction for fees, expenses or taxes)
|
|||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | S&P 500 ® Index (reflects no deduction for fees, expenses or taxes) | |||||||||||||||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 16.00% | |||||||||||||||||||||||||||||
Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 1.66% | |||||||||||||||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 3.47% | |||||||||||||||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 28, 2006 | |||||||||||||||||||||||||||||
Snow Capital Opportunity Fund - Class A Shares
|
|||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.25% | |||||||||||||||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of shares redeemed within 12 months of purchase) | rr_MaximumDeferredSalesChargeOverOther | 0.50% | [1] | ||||||||||||||||||||||||||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (0.50%) | |||||||||||||||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.00% | |||||||||||||||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | |||||||||||||||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.30% | |||||||||||||||||||||||||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | [2] | ||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.57% | [2],[3] | ||||||||||||||||||||||||||||
Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | The Maximum Deferred Sales Charge on Class A shares is applied only to purchases of $1,000,000 or more that are redeemed within 12 months of purchase. | |||||||||||||||||||||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts on Class A shares if you or your family invest, or agree to invest in the future, at least $25,000 in the Fund. | |||||||||||||||||||||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 25,000 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 676 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 995 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,335 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,294 | |||||||||||||||||||||||||||||
Annual Return 2007 | rr_AnnualReturn2007 | 0.24% | |||||||||||||||||||||||||||||
Annual Return 2008 | rr_AnnualReturn2008 | (42.13%) | |||||||||||||||||||||||||||||
Annual Return 2009 | rr_AnnualReturn2009 | 60.02% | |||||||||||||||||||||||||||||
Annual Return 2010 | rr_AnnualReturn2010 | 13.39% | |||||||||||||||||||||||||||||
Annual Return 2011 | rr_AnnualReturn2011 | (11.58%) | |||||||||||||||||||||||||||||
Annual Return 2012 | rr_AnnualReturn2012 | 18.73% | |||||||||||||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Class A Shares Return Before Taxes | |||||||||||||||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 12.27% | |||||||||||||||||||||||||||||
Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 0.63% | |||||||||||||||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 1.33% | |||||||||||||||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 28, 2006 | |||||||||||||||||||||||||||||
Snow Capital Opportunity Fund - Class C Shares
|
|||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
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 shares redeemed within 12 months of purchase) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | |||||||||||||||||||||||||||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (0.50%) | |||||||||||||||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.00% | |||||||||||||||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | |||||||||||||||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.26% | |||||||||||||||||||||||||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | [2] | ||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.28% | [2],[3] | ||||||||||||||||||||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 331 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 712 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,220 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 2,615 | |||||||||||||||||||||||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 231 | |||||||||||||||||||||||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 712 | |||||||||||||||||||||||||||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,220 | |||||||||||||||||||||||||||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 2,615 | |||||||||||||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Class C Shares Return Before Taxes | |||||||||||||||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 16.60% | |||||||||||||||||||||||||||||
Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 0.98% | |||||||||||||||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 1.41% | |||||||||||||||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 28, 2006 | |||||||||||||||||||||||||||||
Snow Capital Opportunity Fund - Institutional Class Shares
|
|||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
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 shares redeemed within 12 months of purchase) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||||||||||||||||||||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (0.50%) | |||||||||||||||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.00% | |||||||||||||||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||||||||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 0.31% | |||||||||||||||||||||||||||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.02% | [2] | ||||||||||||||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 1.33% | [2],[3] | ||||||||||||||||||||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 135 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 421 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 729 | |||||||||||||||||||||||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 1,601 | |||||||||||||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Institutional Class Shares Return Before Taxes | |||||||||||||||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 18.73% | |||||||||||||||||||||||||||||
Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 1.97% | |||||||||||||||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 2.39% | |||||||||||||||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Apr. 28, 2006 | |||||||||||||||||||||||||||||
Snow Capital Opportunity Fund - Institutional Class Shares | After Taxes on Distributions
|
|||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Institutional Class Shares Return After Taxes on Distributions | |||||||||||||||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 18.63% | |||||||||||||||||||||||||||||
Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 1.72% | |||||||||||||||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 2.12% | |||||||||||||||||||||||||||||
Snow Capital Opportunity Fund - Institutional Class Shares | After Taxes on Distributions and Sale of Fund Shares
|
|||||||||||||||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Institutional Class Shares Return After Taxes on Distributions and Sale of Fund Shares | |||||||||||||||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 12.30% | |||||||||||||||||||||||||||||
Average Annual Returns, 5 Years | rr_AverageAnnualReturnYear05 | 1.58% | |||||||||||||||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 1.96% | |||||||||||||||||||||||||||||
|
Snow Capital Opportunity Fund | ||||||||||||||||||||||||||||||||||||||||||
Snow Capital Opportunity Fund | ||||||||||||||||||||||||||||||||||||||||||
Investment Objective. | ||||||||||||||||||||||||||||||||||||||||||
The investment objective of the Snow Capital Opportunity Fund (the “Opportunity Fund” or the “Fund”) is long-term capital appreciation and protection of investment principal. |
||||||||||||||||||||||||||||||||||||||||||
Fees and Expenses of the Fund. | ||||||||||||||||||||||||||||||||||||||||||
This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares if you or your family invest, or agree to invest in the future, at least $25,000 in the Fund. More information about these and other discounts is available from your financial professional and under “Shareholder Information – Choosing a Share Class – Sales Charge on Class A Shares” on page 19 of the Prospectus and under “Sales Charges; Sales Charge Reductions and Waivers – Sales Charge on Class A Shares” on page 43 of the SAI. |
||||||||||||||||||||||||||||||||||||||||||
Shareholder Fees (fees paid directly from your investment) | ||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
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. The operating expense limitation agreement discussed in the table above is reflected only through June 29, 2014. |
||||||||||||||||||||||||||||||||||||||||||
Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
If you did not redeem your Class C shares, you would pay the following expenses: | ||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
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 generate 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 Total 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 81.32% of the average value of its portfolio. |
||||||||||||||||||||||||||||||||||||||||||
Principal Investment Strategies. | ||||||||||||||||||||||||||||||||||||||||||
To achieve its investment objective, the Opportunity Fund invests in domestic equity securities, including common and preferred stocks, convertible securities, and shares of other investment companies and exchange-traded funds (“ETFs”) that invest in equity securities. The Fund may invest in securities of companies of any size. In addition to domestic securities, the Fund may have up to 25% of its net assets invested directly or indirectly in foreign securities, including investments in emerging markets. To the extent deemed appropriate by the Adviser to mitigate the risks of volatility in the U.S. equity market, the Fund seeks protection of investment principal by using derivative instruments. Through the Fund’s use of options, including covered call options, naked put options, bull and bear spread option trades, put options and index options, the Adviser attempts to enhance equity returns relative to a long-only equity strategy and to lower the overall volatility of the Fund’s investment portfolio. The Fund may also use futures contracts in place of options to achieve similar results. The Fund may use an investment in a derivative instrument as a substitute for a comparable market position in the underlying equity security or to attempt to “hedge” or limit the exposure of the Fund’s position in an equity security. In addition to equity securities, the Fund may invest up to 50% of its net assets in debt securities of varying maturities and durations, including securities issued or guaranteed as to principal and interest by the U.S. Government or its agencies, instrumentalities or sponsored entities, and including debt securities that have been rated below investment grade by a nationally recognized statistical ratings organization (“NRSRO”), commonly referred to as “junk bonds” or “high yield bonds.” However, the Fund will not purchase debt securities rated as in default by an NRSRO. In addition to direct investments in debt securities, the Fund may invest in other companies and ETFs that invest in debt securities. The Adviser selects investments for the Fund using a bottom-up approach that seeks to identify companies that the Adviser believes are undervalued and are likely to experience a rebound in earnings due to an event or series of events that creates a price to earnings expansion that leads to higher stock price valuations. The Fund’s portfolio typically consists of 30 to 60 equity securities that are weighted according to the Adviser’s projected return expectations. In general, the Adviser may sell an investment when it reaches its target price, when the position grows too large, when the company’s financial position or outlook deteriorates, when an anticipated business catalyst for the investment does not materialize as expected, or to make room in the Fund for a more attractive investment. |
||||||||||||||||||||||||||||||||||||||||||
Principal Risks. | ||||||||||||||||||||||||||||||||||||||||||
Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Opportunity Fund. The principal risks of investing in the Fund are:
|
||||||||||||||||||||||||||||||||||||||||||
Performance. | ||||||||||||||||||||||||||||||||||||||||||
The performance information demonstrates the risks 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 for the one year, five year and since inception periods compare with those of a broad measure of market performance. Remember, the Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.snowfunds.com or by calling the Fund toll-free at 877-SNOWFND (877-766-9363). |
||||||||||||||||||||||||||||||||||||||||||
Institutional Class Shares Calendar Year Returns as of December 31 | ||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
The calendar year-to-date return for the Fund’s Institutional Class shares as of March 31, 2013 was 17.68%. During the period shown in the bar chart, the best performance for a quarter was 41.28% (for the quarter ended June 30, 2009). The worst performance was -27.79% (for the quarter ended December 31, 2008). |
||||||||||||||||||||||||||||||||||||||||||
Average Annual Total Returns For the Periods Ended December 31, 2012 | ||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||
After-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the effect of state and local taxes. The after-tax returns shown are not relevant to those investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”). “Return After Taxes on Distributions” shows the effect of taxable distributions (distributions of net investment income and net capital gain) but assumes that Fund shares are still held at the end of the period. The after-tax returns are shown only for the Institutional Class shares. The after-tax returns for the Class A and Class C shares will vary. |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Prospectus Date | rr_ProspectusDate | Jun. 28, 2013 |
6Y\.GB,N:[V4'-=; K
M05S'8[*>8;.'R_[!ZI%88_78Y\6`OF?.UQZ+/B 2
MR:4;95L+GBBJ38OM&MN92%`LT1_`.I/*=I13-]]$@)CRU8V:VH6(&"QA'Z)3
M("M7>4H&U=+EM@WM6UJ`+$-P!.UJ:MN7,*U>:-90]&(,2^K'4.J2[6/0SZ"[
M'X.G[QO`XKH)F2!?^CH/PR0($^83.Q@WV#5],&Y"P +.5XWGDS[\XWAJ?K?UET_Y(MO+^O\'ZFPRSY=K#LT "E&EDDQVDHAG],`D&(,+\78,BG&6RFT'Q=A[$A*)`)+@09V
M29%00*60SQXH>LG!MM)0VQZSN"G3,P8U":,ULKM,%K`VMN=6\UNQ4,IJ;WNB
MMWC'7O/:\;V%#=D2+HG9HGIVF(Y@[&O!0:^`MU&Y@M\^Z2X=4;(*UHNO@+=6
MKZUS/^DN.U&R"M;5KX"W5J]M!##16 )%T2N_]".6B5P:^+N,BU4*GW)D!DQ,\8/KS";AT4T
M@Z4H=9QRKR_[04T`SW4(@(W>7Q<10E^5TGC3A9J3WT$\"?P%Z5X(<2-]#[@%
M7PZ/%JJ4OK=7$Y/AGAVVXBC*3I .[<0=VVJ=&`L<+4
M(8?*IO>=#L8<\&2(&-M8L?900G52B<.5=#KWTS\E;)U[WCI*DYG1+T[H.G>N
MY\:O5_>;_JE&*')MFAQ.2K)()==:TH&Q]A9]Q!"CJ+JP-WV.!"*J+
M4CI`19CCY=)-6'*\30QV[B_Q"YQ`U?#FIB[W,T,5T[F3SUKU[+A>]GU?/Y+8
M&5"K$K0E$V$%)U0EK4]O<$SZ%=_-W#@93R'HY"=HPXX/3,`1U4]G$07&M&LG
MBD^#M"@`^>Q=\@_PV9KT"O!KXS=A=/*A'DF9?%.-60D:H,"&:A8 $89,/&KD>%H8B=Z+A%&/=A1!$]G3ER\43&E*JQAVIHE`
M8&4>2(Y0UC7>/1)&EHKX7WQ0?4H`.7KS\I1C4?,B4LRNR#RBN,6OF^]L&SYPVM#!9#3P_^U=;7/;
M.)+^*ZRK255R9>5$R;:LF;M4>9S)K;>2V!=[9VX_N2B1LCFA1"U)V?'\^D._
M``1(@*1LR;%SNMJJFU@@T``:C4:_/>K'P::I&/B'8QL5`^OV;.\!@D4E>:_D
M:/#^.'C\^X,[R+*K,C`%N049Q]U1=?4:'S+V%3+U"T`\$]+_?U:B'20TTG0_
M0F7XEJ6<1*80PR$;NK.?+6O[1]:>]$?#L7F2K*.8"]'2J1Z`"
M![=C%-B/X_`VSB/`$B672_V828LM[MR*450F:5&D\Y[8OV"YS-(`X;?%>
/N).ZPL^/9`/CG6)L%[
G)_X*FDT*RA(Z@8`X>.VP"M9Q(IF3D:VM1;9XQ2@8HHIX19@)48-KBCD>'@
M`9`)5M56KW/F+G)@:.?3!0T/">[6N*I777&P()4@0<'/
1I,7_?[RE?N0#L5&@SVFS%^3UL4Q)3U[4P8MB9T3JH.6Q.^LZT)
MHUWG0&41IF;$BJT):V\];$T8MB8,6Q-Z+^,>C\B^H[J,6S9BRS+NVHM_BZT)
MF<,1@O3(0M*C#58E(*3W$*3W+"2]UWEA04U&_4S=J1?
Q2I?GO;5Z%T>HZ3=F08Z3%D99:0=F1#$8
MM;>Q](PW]5.,RSI$;&%$X:H`.#)LWQ>DP'".H78?$BZB,'XDPV0:9X%]=EO%
MP8O?^5$FGEA3AY8Y[8N69,4M*+_1
#UVS'::VY`
M5W'K07K5/`N"V`]BT@+LJEF!:_ZJ644P&RE1GMZ9!G;T"IM'#FT,#)1@I
MN=`9ZH?7W[`3MD'Q+K*Y[HF0#\KU4/)66>'^?TL>-Q_>%MH%[C<:@7"_$1;&
M91$AV\)X@0]*]@$(V;^Z\2-3Z@+2=6G0D"U2B-FBRHQAIB"F!$G;TY&X*6/=
M^V:$47DFTED"?GOMS5G\5BR4A3.5';:@2(M3F:`9\P.!&E1168Z@XH*V(C$^
MO"T+BB@LFX(L(R=>$!$'N1WF2^#6C/\R+71S22$:O@["^#[PW&!.S`B>,5"T
MQH4U=@7@$T%91M)3?@D;:F@+@(U./H@(H73+W(U*\M1Q4J'ZX15F'!?1#)XL
M2AVG1,K>A&(PP9UY`;#1`U=$".5;YE94UC;<21\K7I`Q^F'%!S
M734>"Y3
)-2$\WFI0&/M`'%\NK,PYP^R"%8ZN
M?!*RQZ%[MTZ&750UNIL?X]B#WNFP%PX>>IAC'SU`JX1$H,XU[=A?II4
0YIU48MJ\;%
MMT(U/CM4-:7#&HT=_E:TLE&AO;HH/0'?^%;?XH^U2QI*2B`E*RGQD\!5JM>&
MN=Y'38[HX6B5%(?D*5TXK2S[F$0Z:#T(0<;%KXZ;[.*&-]A=W:W#*`T:P82I
MT8"Q,70=
RGO&,+P;#$.N,(R@B/QO
M:XV>$OSCBZ@G^X!T5:O4MR_/E=CB9LC5+)I2LJ[#LK9]6:S$MCD+?8NST'-G
M4=KB+$J;L@C7'H3UJKI]6:S$MAX+7:M4:]N7Q4ILF[/8PC-J);:-6=2V<$6M
MQ!9F$;*!Z((6$81_`%!+`0(>`Q0````(`.Y0ZT)84:PP@T$``#S$`0`9`!@`
M``````$```"D@0````!C:S`P,#$Q-#$X,3DM,C`Q,S`V,C8N>&UL550%``,@
MO-Y1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`[E#K0F\WS>K7`P``^!,`
M`!T`&````````0```*2!UD$``&-K,#`P,3$T,3@Q.2TR,#$S,#8R-E]C86PN
M>&UL550%``,@O-Y1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`[E#K0LBH
M4SW8-P``R"L$`!T`&````````0```*2!!$8``&-K,#`P,3$T,3@Q.2TR,#$S
M,#8R-E]D968N>&UL550%``,@O-Y1=7@+``$$)0X```0Y`0``4$L!`AX#%```
M``@`[E#K0@ZYA?]0+```S]L"`!T`&````````0```*2!,WX``&-K,#`P,3$T
M,3@Q.2TR,#$S,#8R-E]L86(N>&UL550%``,@O-Y1=7@+``$$)0X```0Y`0``
M4$L!`AX#%`````@`[E#K0F765@!I.P``>(P$`!T`&````````0```*2!VJH`
M`&-K,#`P,3$T,3@Q.2TR,#$S,#8R-E]P
Label | Element | Value | |||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
Risk/Return [Heading] | rr_RiskReturnHeading | Snow Capital Small Cap Value Fund | |||||||||||||||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective. | |||||||||||||||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The investment objective of the Snow Capital Small Cap Value Fund (the “Small Cap Value Fund” or 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 that you may pay if you buy and hold shares of the Small Cap Value Fund. You may qualify for sales charge discounts on Class A shares if you or your family invest, or agree to invest in the future, at least $25,000 in the Fund. More information about these and other discounts is available from your financial professional and under “Shareholder Information – Choosing a Share Class – Sales Charge on Class A Shares” on page 19 of the Prospectus and under “Sales Charges; Sales Charge Reductions and Waivers – Sales Charge on Class A Shares” on page 43 of the Statement of Additional Information (the “SAI”). |
|||||||||||||||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees (fees paid directly from your investment) | |||||||||||||||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||
Fee Waiver or Reimbursement over Assets, Date of Termination | rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination | 2014-06-29 | |||||||||||||||||
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 generate 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 Total 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 89.48% of the average value of its portfolio. |
|||||||||||||||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 89.48% | |||||||||||||||||
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 Small Cap Value 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. The operating expense limitation agreement discussed in the table above is reflected only through June 29, 2014. |
|||||||||||||||||
Expense Example by, Year, Caption [Text] | rr_ExpenseExampleByYearCaption | Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||
Expense Example, No Redemption, By Year, Caption [Text] | rr_ExpenseExampleNoRedemptionByYearCaption | If you did not redeem your Class C shares, you would pay the following expenses: | |||||||||||||||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies. | |||||||||||||||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | To achieve its investment objective, the Small Cap Value Fund will invest at least 80% of its net assets in equity securities of companies with market capitalizations between $100 million and $3 billion (“small-cap companies”). The Fund’s investments in equity securities may include common and preferred stocks, convertible securities, and shares of other investment companies and exchange-traded funds (“ETFs”) that invest in equity securities of small-cap companies. In addition to equity securities, the Fund may also invest up to 15% of its net assets in U.S. Government or U.S. agency obligations. The Fund may have up to 25% of its net assets invested directly or indirectly in foreign securities, including investments in emerging markets. The Adviser selects equity securities for the Fund using a bottom-up approach that seeks to identify small-cap companies that the Adviser believes are undervalued and are likely to experience a rebound in earnings due to an event or series of events that creates a price to earnings expansion that leads to higher stock price valuations. The Fund’s portfolio typically consists of 40 to 60 equity securities that are weighted according to the Adviser’s projected return expectations. The Adviser’s disciplined investment process seeks to yield a portfolio that is amply diversified across a wide spectrum of economic classifications and sectors. In general, the Adviser may sell an investment when it reaches its target price, when the position grows too large, when the company’s financial position or outlook deteriorates, when an anticipated business catalyst for the investment does not materialize as expected, or to make room in the Fund for a more attractive investment. An important component of the Adviser’s investment process is an intense focus on a company’s balance sheet and cash flow statement. The Adviser’s analysis of balance sheets and cash flow statements is centered on determining whether a company can sustain itself through the problems that have caused its equity valuation to fall and subsequently brought the company’s stock to the Adviser’s attention. The Adviser generally attempts to purchase equities for the Fund’s portfolio after an event in which the company’s equity valuation has fallen and business conditions are unfavorable, if not at or near a cyclical bottom. This is done in conjunction with extensive research to confirm the Adviser’s opinion that a company can survive the near-term problems. While the Adviser’s analysis does not eliminate the occurrence of short-term equity valuation volatility, the Adviser believes that this process provides for a reasonable level of capital protection. |
|||||||||||||||||
Risk [Heading] | rr_RiskHeading | Principal Risks. | |||||||||||||||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Small Cap Value Fund. The principal risks of investing in the Fund are:
|
|||||||||||||||||
Risk Lose Money [Text] | rr_RiskLoseMoney | Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Small Cap Value Fund. | |||||||||||||||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance. | |||||||||||||||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The performance information demonstrates the risks of investing in the Small Cap Value Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual total returns for one year and since inception compare with those of a broad measure of market performance. Remember, the Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available on the Fund’s website at www.snowfunds.com or by calling 877-SNOWFND (877-766-9363). |
|||||||||||||||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The performance information demonstrates the risks of investing in the Small Cap Value Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual total returns for one year and since inception compare with those of a broad measure of market performance. | |||||||||||||||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 877-766-9363 | |||||||||||||||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.snowfunds.com | |||||||||||||||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Remember, the Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. | |||||||||||||||||
Bar Chart [Heading] | rr_BarChartHeading | Institutional Class Shares(1) Calendar Year Returns as of December 31 | |||||||||||||||||
Bar Chart Footnotes [Text Block] | rr_BarChartFootnotesTextBlock |
|
|||||||||||||||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | The Fund’s calendar year to date return as of March 31, 2013 was 15.07%. During the period shown in the bar chart, the best performance for a quarter was 17.39% (for the quarter ended March 31, 2011). The worst performance was -25.75% (for the quarter ended September 30, 2011). |
|||||||||||||||||
Year to Date Return, Label | rr_YearToDateReturnLabel | year to date return | |||||||||||||||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Mar. 31, 2013 | |||||||||||||||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 15.07% | |||||||||||||||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | best performance | |||||||||||||||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Mar. 31, 2011 | |||||||||||||||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 17.39% | |||||||||||||||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | worst performance | |||||||||||||||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | |||||||||||||||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (25.75%) | |||||||||||||||||
Index No Deduction for Fees, Expenses, Taxes [Text] | rr_IndexNoDeductionForFeesExpensesTaxes | (reflects no deduction for fees, expenses or taxes) | |||||||||||||||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the effect of state and local taxes. | |||||||||||||||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | The after-tax returns shown are not relevant to those investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs"). | |||||||||||||||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | The after-tax returns are shown only for the Institutional Class shares. The after-tax returns for the Class A and Class C shares will vary. | |||||||||||||||||
Performance Table Closing [Text Block] | rr_PerformanceTableClosingTextBlock | After-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect and do not reflect the effect of state and local taxes. The after-tax returns shown are not relevant to those investors who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”). “Return After Taxes on Distributions” shows the effect of taxable distributions (distributions of net investment income and net capital gain) but assumes that Fund shares are still held at the end of the period. The after-tax returns are shown only for the Institutional Class shares. The after-tax returns for the Class A and Class C shares will vary. |
|||||||||||||||||
Caption | rr_AverageAnnualReturnCaption | Average Annual Total Returns For the Periods Ended December 31, 2012 | |||||||||||||||||
Russell 2000® Value Total Return Index
|
|||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Russell 2000 ® Value Total Return Index (reflects no deduction for fees, expenses or taxes) | |||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 18.05% | |||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 9.50% | |||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Nov. 30, 2010 | |||||||||||||||||
Snow Capital Small Cap Value Fund - Class A Shares
|
|||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.25% | |||||||||||||||||
Maximum Deferred Sales Charge (Load) (as a percentage of shares redeemed within 12 months of purchase) | rr_MaximumDeferredSalesChargeOverOther | 0.50% | [1] | ||||||||||||||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (0.50%) | |||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.25% | |||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | |||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 1.30% | |||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.80% | |||||||||||||||||
Less: Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.80%) | [2] | ||||||||||||||||
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.00% | [2] | ||||||||||||||||
Expenses Deferred Charges [Text Block] | rr_ExpensesDeferredChargesTextBlock | The Maximum Deferred Sales Charge on Class A shares is applied only to purchases of $1,000,000 or more that are redeemed within 12 months of purchase. | |||||||||||||||||
Expense Breakpoint Discounts [Text] | rr_ExpenseBreakpointDiscounts | You may qualify for sales charge discounts on Class A shares if you or your family invest, or agree to invest in the future, at least $25,000 in the Fund. | |||||||||||||||||
Expense Breakpoint, Minimum Investment Required [Amount] | rr_ExpenseBreakpointMinimumInvestmentRequiredAmount | $ 25,000 | |||||||||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 717 | |||||||||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 1,251 | |||||||||||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,836 | |||||||||||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 3,415 | |||||||||||||||||
Annual Return 2011 | rr_AnnualReturn2011 | 0.87% | |||||||||||||||||
Annual Return 2012 | rr_AnnualReturn2012 | 21.69% | |||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Class A Shares Return Before Taxes | |||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 15.02% | |||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 11.49% | |||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Nov. 30, 2010 | |||||||||||||||||
Snow Capital Small Cap Value Fund - Class C Shares
|
|||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
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 shares redeemed within 12 months of purchase) | rr_MaximumDeferredSalesChargeOverOther | 1.00% | |||||||||||||||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (0.50%) | |||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.25% | |||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | |||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 1.30% | |||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.55% | |||||||||||||||||
Less: Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.80%) | [2] | ||||||||||||||||
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.75% | [2] | ||||||||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 378 | |||||||||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 989 | |||||||||||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,749 | |||||||||||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 3,747 | |||||||||||||||||
Expense Example, No Redemption, 1 Year | rr_ExpenseExampleNoRedemptionYear01 | 278 | |||||||||||||||||
Expense Example, No Redemption, 3 Years | rr_ExpenseExampleNoRedemptionYear03 | 989 | |||||||||||||||||
Expense Example, No Redemption, 5 Years | rr_ExpenseExampleNoRedemptionYear05 | 1,749 | |||||||||||||||||
Expense Example, No Redemption, 10 Years | rr_ExpenseExampleNoRedemptionYear10 | 3,747 | |||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Class C Shares Return Before Taxes | |||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 19.53% | |||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 13.58% | |||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Nov. 30, 2010 | |||||||||||||||||
Snow Capital Small Cap Value Fund - Institutional Class Shares
|
|||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
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 shares redeemed within 12 months of purchase) | rr_MaximumDeferredSalesChargeOverOther | none | |||||||||||||||||
Redemption Fee (as a percentage of Amount Redeemed) | rr_RedemptionFeeOverRedemption | (0.50%) | |||||||||||||||||
Management Fees | rr_ManagementFeesOverAssets | 1.25% | |||||||||||||||||
Distribution and/or Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | |||||||||||||||||
Other Expenses | rr_OtherExpensesOverAssets | 1.30% | |||||||||||||||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.55% | |||||||||||||||||
Less: Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | (0.80%) | [2] | ||||||||||||||||
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 1.75% | [2] | ||||||||||||||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 178 | |||||||||||||||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 691 | |||||||||||||||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 1,258 | |||||||||||||||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | $ 2,804 | |||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Institutional Class Shares Return Before Taxes | |||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 21.69% | |||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 14.68% | |||||||||||||||||
Average Annual Returns, Inception Date | rr_AverageAnnualReturnInceptionDate | Nov. 30, 2010 | |||||||||||||||||
Snow Capital Small Cap Value Fund - Institutional Class Shares | After Taxes on Distributions
|
|||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Institutional Class Shares Return After Taxes on Distributions | |||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 19.52% | |||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 13.61% | |||||||||||||||||
Snow Capital Small Cap Value Fund - Institutional Class Shares | After Taxes on Distributions and Sale of Fund Shares
|
|||||||||||||||||||
Risk/Return: | rr_RiskReturnAbstract | ||||||||||||||||||
Label | rr_AverageAnnualReturnLabel | Institutional Class Shares Return After Taxes on Distributions and Sale of Fund Shares | |||||||||||||||||
Average Annual Returns, 1 Year | rr_AverageAnnualReturnYear01 | 14.26% | |||||||||||||||||
Average Annual Returns, Since Inception | rr_AverageAnnualReturnSinceInception | 12.01% | |||||||||||||||||
|