| Label |
Element |
Value |
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Document Type |
dei_DocumentType |
485BPOS
|
|
| Document Period End Date |
dei_DocumentPeriodEndDate |
Feb. 28, 2018
|
|
| Registrant Name |
dei_EntityRegistrantName |
360 Funds
|
|
| Central Index Key |
dei_EntityCentralIndexKey |
0001319067
|
|
| Amendment Flag |
dei_AmendmentFlag |
false
|
|
| Document Creation Date |
dei_DocumentCreationDate |
Jun. 28, 2018
|
|
| Document Effective Date |
dei_DocumentEffectiveDate |
Jun. 28, 2018
|
|
| Prospectus Date |
rr_ProspectusDate |
Jun. 28, 2018
|
|
| Stringer Growth Fund |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Risk/Return [Heading] |
rr_RiskReturnHeading |
SUMMARY
|
|
| Objective, Primary [Text Block] |
rr_ObjectivePrimaryTextBlock |
Investment Objective. The investment
objective of the Stringer Growth Fund (the “Fund”) is long-term growth of capital.
|
|
| Expense Narrative [Text Block] |
rr_ExpenseNarrativeTextBlock |
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 if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about
these and other discounts is available from your financial professional and in the section captioned “Purchasing Shares”
on page 17 of the Fund’s prospectus and the section captioned “Purchases” beginning on page 40 of the Fund’s
statement of additional information.
|
|
| 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 |
June 30, 2019
|
|
| Portfolio Turnover [Text Block] |
rr_PortfolioTurnoverTextBlock |
Portfolio Turnover. The Fund pays transaction
costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These
costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. For the
fiscal year ended February 28, 2018, the Fund’s portfolio turnover rate was 126% of the average value of its portfolio.
|
|
| Portfolio Turnover, Rate |
rr_PortfolioTurnoverRate |
126.00%
|
|
| Expense Breakpoint Discounts [Text] |
rr_ExpenseBreakpointDiscounts |
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund.
|
|
| Expense Breakpoint, Minimum Investment Required [Amount] |
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount |
$ 50,000
|
|
| Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] |
rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees |
Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights.
|
|
| Expense Example Narrative [Text Block] |
rr_ExpenseExampleNarrativeTextBlock |
Example. This Example is intended to
help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
This Example assumes that you invest $10,000
in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. This Example also assumes
that your investment has a 5% return each year and the Fund’s operating expenses remain the same, and the contractual agreement
to limit expenses remains in effect through and until June 30, 2019. The Contingent Deferred Sales Charge (the “CDSC”)
is not included in these calculations for Class A Shares. If the CDSC were included, your costs would be higher. See “CDSC
for Certain Purchases of Class A Shares” below. Although your actual costs may be higher or lower, based on these assumptions
your cost would be:
|
|
| Strategy Narrative [Text Block] |
rr_StrategyNarrativeTextBlock |
Principal Investment Strategy of the Fund.
The investment objective of the Fund is long-term growth of capital. To meet its investment objective, the Fund will invest primarily
in unaffiliated exchange-traded funds (“ETFs”). The underlying ETFs will invest in various securities including, but
not limited to, domestic equity securities (including large-, mid- and small-cap stocks), stocks offered in international markets,
including emerging markets, domestic fixed income securities, foreign debt securities, and cash or cash equivalents. The Fund may
also invest in alternative sector ETFs, such as commodity and real estate ETFs, as well as exchange-traded notes (“ETNs”).
ETNs are unsecured debt obligations of investment banks which are traded on exchanges and the returns of which are linked to the
performance of market indices. The Fund will generally invest in ETNs which are linked to commodities indices; however, investing
in ETNs is not equivalent to investing directly in index components or the relevant index itself. The Fund may also invest directly
in domestic equity securities (including large-, small- and mid-cap stocks), stocks offered in international markets, including
emerging markets, and unaffiliated open-end investment companies.
The Fund is designed to meet investor needs
for a diversified portfolio solution with a defined risk objective of long-term growth through a fully managed investment policy
utilizing primarily ETFs as well as United States and foreign equity securities, debt and money market securities, the combination
of which will be varied from time to time both with respect to types of securities and markets in response to changing market and
economic trends. The portfolio is built around a strategic allocation which allocates the portfolio’s investments to large
cap stocks, small- and mid-cap stocks, international securities (including emerging markets), and other investments, primarily
through investments in ETFs.
The Fund may be appropriate for investors with
long-term time horizons who are not sensitive to short-term losses and want to participate in the long-term growth of the financial
markets. The Fund seeks to avoid or minimize the effects of inflation on the portfolio.
At times, the Fund may also invest directly
in fixed-income securities. These fixed-income securities, either held directly or through ETFs, may be domestic or foreign, corporate
or sovereign, and of any quality or duration. Notwithstanding the foregoing, under normal market conditions, the Fund will generally
allocate 100% of its investments to equity securities. The portfolio management team may depart from the targeted allocation range
when they feel that certain sectors of the financial markets are overvalued or undervalued. The Fund is diversified.
|
|
| Risk Narrative [Text Block] |
rr_RiskNarrativeTextBlock |
Principal Risks of Investing in the Fund.
An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested.
There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject
to the following additional risks:
| |
• |
Allocation risk – The performance of the Fund relative to its benchmark will depend largely on the decisions of the Adviser as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, the Adviser’s judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or the equity markets generally from time to time or for extended periods of time. |
| |
• |
Market risk – Market risk refers to the risk that the value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions. |
| |
• |
Management style risk – To the extent the Fund focuses on a particular style of stocks, such as growth or value, its performance may at times be better or worse than that of similar funds with other focuses or that have a broader investment style. |
| |
• |
Business and sector risk – From time to time, a particular set of circumstances may affect a particular industry or certain companies within an industry, while having little or no impact on other industries or other companies within the industry. |
| |
• |
Large company risk – The Fund may invest in larger, more established companies, which may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors. Also, large companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansions. |
| |
• |
Mid-sized company risk – The Fund may invest in mid-cap companies, which may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, these mid-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets and financial resources, and may depend upon a relatively small management group. |
| |
• |
Small company risk – The Fund may invest in smaller companies, which generally have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. |
| |
• |
Real Estate Investment Trust (“REIT”) risk – The Fund may invest in ETFs or other pooled investment vehicles that invest in REITs. REITs are susceptible to the risks associated with investing in real estate generally, including, among others, declines in the value of real estate, lack of ability to access the credit markets and defaults by borrowers or tenants. |
| |
• |
Commodities risk – The Fund may invest in ETFs or other pooled investment vehicles that invest in commodities, such as raw materials or agricultural products. Commodities are tied to future market values and future income and are vulnerable to adverse movements in prices and exchange rates. Additionally, the price of commodities may be affected by geopolitical changes and relations. |
| |
• |
Credit risk – An issuer of debt securities, including the issuers of exchange-traded notes, may not make timely payments of principal and interest. |
| |
• |
Debt securities risk – Increases in interest rates typically lower the value of debt securities held by the Fund. Investments in debt securities include credit risk. There is also the risk that a bond issuer may “call,” or repay its high yielding bonds before their maturity dates. Debt securities subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. Limited training opportunities for certain debt securities may make it more difficult to sell or buy a security at a favorable price or time. |
| |
• |
High yield securities risk – Investments in high yield fixed income securities, also known as “junk bonds”, are considered speculative, involve a greater risk of default and are subject to a substantially higher degree of credit risk or price fluctuations than other types of debt securities. |
| |
• |
Interest rate risk – Increases in interest rates typically lower the present value of a company’s future earnings stream. Accordingly, stock prices will generally decline when investors anticipate or experience rising interest rates. |
| |
• |
Issuer risk – The value of an individual security or particular type of security can be more volatile and thus perform differently than the market as a whole. |
| |
• |
Shares of other investment companies and ETFs risk – You will indirectly bear fees and expenses charged by the underlying funds in which the Fund may invest in addition to the Fund’s direct fees and expenses and, as a result, your cost of investing in the Fund will generally be higher than the cost of investing directly in the underlying fund shares. Investments in ETFs bear the risk that the market price of the ETF’s shares may trade at a discount to their net asset value or that an active trading market for an ETF’s shares may not develop or be maintained. |
| |
• |
Foreign exposure risk – Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, or economic developments. |
| |
• |
Foreign currency risk – The value of an investment denominated in a foreign currency will decline in dollar terms if that currency weakens against the dollar. Additionally, certain countries may utilize formal or informal currency-exchange controls or “capital controls.” Such controls may also affect the value of the Fund’s holdings. |
| |
• |
U.S. Government and U.S. agency obligations risk – There can be no assurance that the U.S. Government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) that issue or guarantee certain securities where it is not obligated to do so. |
|
|
| Risk Lose Money [Text] |
rr_RiskLoseMoney |
An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested.
|
|
| Performance Narrative [Text Block] |
rr_PerformanceNarrativeTextBlock |
Performance. The bar chart below shows
how the Fund’s investment results vary from year to year. The table below shows how the Fund’s average annual total
returns compare over time to those of a broad-based securities market index. This information provides some indication of the risks
of investing in the Fund. Past performance of the Fund is not necessarily an indication of how it will perform in the future. Updated
performance information will be available at no cost by calling (877) 244-6235.
|
|
| Performance Information Illustrates Variability of Returns [Text] |
rr_PerformanceInformationIllustratesVariabilityOfReturns |
The bar chart below shows how the Fund's investment results vary from year to year.
|
|
| Performance Availability Phone [Text] |
rr_PerformanceAvailabilityPhone |
(877) 244-6235.
|
|
| Performance Past Does Not Indicate Future [Text] |
rr_PerformancePastDoesNotIndicateFuture |
Past performance of the Fund is not necessarily an indication of how it will perform in the future.
|
|
| Bar Chart Narrative [Text Block] |
rr_BarChartNarrativeTextBlock |
Annual Total Returns
(for calendar years ended December 31) –
Institutional Class Shares
|
|
| Bar Chart Closing [Text Block] |
rr_BarChartClosingTextBlock |
Quarterly Returns During This Time Period
| Highest |
5.37% (quarter ended March 31, 2017) |
| Lowest |
-7.92% (quarter ended September 30, 2015) |
| Year to Date |
-1.26% (quarter ended March 31, 2018) |
|
|
| Performance Table Uses Highest Federal Rate |
rr_PerformanceTableUsesHighestFederalRate |
After-tax returns are calculated using the historical highest individual federal income tax rates in effect as of December 31, 2017 and do not reflect the impact of state and local taxes.
|
|
| Performance Table Not Relevant to Tax Deferred |
rr_PerformanceTableNotRelevantToTaxDeferred |
After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.
|
|
| Performance Table One Class of after Tax Shown [Text] |
rr_PerformanceTableOneClassOfAfterTaxShown |
After-tax returns are shown for Institutional Class shares and after-tax returns for other Classes will vary.
|
|
| Performance Table Narrative |
rr_PerformanceTableNarrativeTextBlock |
Average Annual Total Returns
(for periods ended December 31, 2017)
|
|
| Performance Table Closing [Text Block] |
rr_PerformanceTableClosingTextBlock |
After-tax returns are calculated using the
historical highest individual federal income tax rates in effect as of December 31, 2017 and do not reflect the impact of state
and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax
returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans
or IRAs. After-tax returns are shown for Institutional Class shares and after-tax returns for other Classes will vary.
Current performance of the Fund may be lower
or higher than the performance quoted above. Updated performance information may be obtained by calling (877) 244-6235.
|
|
| Stringer Growth Fund | Class A Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Trading Symbol |
dei_TradingSymbol |
SRGAX
|
|
| 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 amount redeemed) |
rr_MaximumDeferredSalesChargeOverOfferingPrice |
1.00%
|
[1] |
| Management Fees |
rr_ManagementFeesOverAssets |
0.95%
|
|
| Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
0.25%
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.43%
|
|
| Acquired Fund Fees and Expenses |
rr_AcquiredFundFeesAndExpensesOverAssets |
0.27%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
1.90%
|
[2] |
| Fee Waivers and Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.33%)
|
[2],[3] |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
1.57%
|
|
| One Year |
rr_ExpenseExampleYear01 |
$ 701
|
|
| Three Years |
rr_ExpenseExampleYear03 |
1,084
|
|
| Five Years |
rr_ExpenseExampleYear05 |
1,491
|
|
| Ten Years |
rr_ExpenseExampleYear10 |
$ 2,625
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
11.32%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
6.68%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 27, 2013
|
|
| Stringer Growth Fund | Class C Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Trading Symbol |
dei_TradingSymbol |
SRGCX
|
|
| 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 amount redeemed) |
rr_MaximumDeferredSalesChargeOverOfferingPrice |
1.00%
|
|
| Management Fees |
rr_ManagementFeesOverAssets |
0.95%
|
|
| Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
1.00%
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.43%
|
|
| Acquired Fund Fees and Expenses |
rr_AcquiredFundFeesAndExpensesOverAssets |
0.27%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
2.65%
|
[2] |
| Fee Waivers and Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.33%)
|
[2],[3] |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
2.32%
|
|
| One Year |
rr_ExpenseExampleYear01 |
$ 235
|
|
| Three Years |
rr_ExpenseExampleYear03 |
792
|
|
| Five Years |
rr_ExpenseExampleYear05 |
1,376
|
|
| Ten Years |
rr_ExpenseExampleYear10 |
$ 2,959
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
16.96%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
7.15%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 27, 2013
|
|
| Stringer Growth Fund | Institutional Class Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Trading Symbol |
dei_TradingSymbol |
SRGIX
|
|
| 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 amount redeemed) |
rr_MaximumDeferredSalesChargeOverOfferingPrice |
none
|
|
| Management Fees |
rr_ManagementFeesOverAssets |
0.95%
|
|
| Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
none
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
0.43%
|
|
| Acquired Fund Fees and Expenses |
rr_AcquiredFundFeesAndExpensesOverAssets |
0.27%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
1.65%
|
[2] |
| Fee Waivers and Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(0.33%)
|
[2],[3] |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
1.32%
|
|
| One Year |
rr_ExpenseExampleYear01 |
$ 134
|
|
| Three Years |
rr_ExpenseExampleYear03 |
488
|
|
| Five Years |
rr_ExpenseExampleYear05 |
866
|
|
| Ten Years |
rr_ExpenseExampleYear10 |
$ 1,927
|
|
| Annual Return 2014 |
rr_AnnualReturn2014 |
4.19%
|
|
| Annual Return 2015 |
rr_AnnualReturn2015 |
(2.44%)
|
|
| Annual Return 2016 |
rr_AnnualReturn2016 |
6.38%
|
|
| Annual Return 2017 |
rr_AnnualReturn2017 |
18.15%
|
|
| Year to Date Return, Label |
rr_YearToDateReturnLabel |
Year to Date
|
|
| Bar Chart, Year to Date Return, Date |
rr_BarChartYearToDateReturnDate |
Mar. 31, 2018
|
|
| Bar Chart, Year to Date Return |
rr_BarChartYearToDateReturn |
(1.26%)
|
|
| Highest Quarterly Return, Label |
rr_HighestQuarterlyReturnLabel |
Highest
|
|
| Highest Quarterly Return, Date |
rr_BarChartHighestQuarterlyReturnDate |
Mar. 31, 2017
|
|
| Highest Quarterly Return |
rr_BarChartHighestQuarterlyReturn |
5.37%
|
|
| Lowest Quarterly Return, Label |
rr_LowestQuarterlyReturnLabel |
Lowest
|
|
| Lowest Quarterly Return, Date |
rr_BarChartLowestQuarterlyReturnDate |
Sep. 30, 2015
|
|
| Lowest Quarterly Return |
rr_BarChartLowestQuarterlyReturn |
(7.92%)
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
18.15%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
8.24%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 27, 2013
|
|
| Stringer Growth Fund | After Taxes on Distributions | Institutional Class Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
15.72%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
7.29%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 27, 2013
|
|
| Stringer Growth Fund | After Taxes on Distributions and Sales | Institutional Class Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
11.86%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
6.39%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 27, 2013
|
|
| Stringer Growth Fund | MSCI AC World Net Total Return Index (reflects no deduction for fees, expenses or taxes) |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
23.97%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
9.99%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 27, 2013
|
|
| Stringer Moderate Growth Fund |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Risk/Return [Heading] |
rr_RiskReturnHeading |
SUMMARY
|
|
| Objective, Primary [Text Block] |
rr_ObjectivePrimaryTextBlock |
Investment Objective. The investment
objective of the Stringer Moderate Growth Fund (the “Fund”) is capital appreciation while also maintaining principal
stability.
|
|
| Expense Narrative [Text Block] |
rr_ExpenseNarrativeTextBlock |
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 if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund. More information about
these and other discounts is available from your financial professional and in the section captioned “Purchasing Shares”
on page 17 of the Fund’s prospectus and the section captioned “Purchases” beginning on page 40 of the Fund’s
statement of additional information.
|
|
| 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 |
June 30, 2019
|
|
| Portfolio Turnover [Text Block] |
rr_PortfolioTurnoverTextBlock |
Portfolio Turnover. The Fund pays transaction
costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover
rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These
costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. For the
fiscal ended February 28, 2018, the Fund’s portfolio turnover rate was 118% of the average value of its portfolio.
|
|
| Portfolio Turnover, Rate |
rr_PortfolioTurnoverRate |
118.00%
|
|
| Expense Breakpoint Discounts [Text] |
rr_ExpenseBreakpointDiscounts |
You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund.
|
|
| Expense Breakpoint, Minimum Investment Required [Amount] |
rr_ExpenseBreakpointMinimumInvestmentRequiredAmount |
$ 50,000
|
|
| Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] |
rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees |
Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets provided in the Financial Highlights.
|
|
| Expense Example Narrative [Text Block] |
rr_ExpenseExampleNarrativeTextBlock |
Example. This Example is intended to
help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
This Example assumes that you invest $10,000
in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. This Example also assumes
that your investment has a 5% return each year and the Fund’s operating expenses remain the same, and the contractual agreement
to limit expenses remains in effect through and until June 30, 2019. The Contingent Deferred Sales Charge (the “CDSC”)
is not included in these calculations for Class A Shares. If the CDSC were included, your costs would be higher. See “CDSC
for Certain Purchases of Class A Shares” below. Although your actual costs may be higher or lower, based on these assumptions
your cost would be:
|
|
| Strategy Narrative [Text Block] |
rr_StrategyNarrativeTextBlock |
Principal Investment Strategy of the Fund.
The investment objective of the Stringer Moderate Growth Fund (the "Fund") is capital appreciation while also maintaining
principal stability. To meet its investment objective, the Fund will invest primarily in unaffiliated exchange-traded funds ("ETFs").
The underlying ETFs will invest in various securities including, but not limited to, domestic equity securities (including large-,
mid- and small-cap stocks), stocks offered in international markets, including emerging markets, domestic fixed income securities,
foreign debt securities, and cash or cash equivalents. The Fund may also invest in alternative sector ETFs, such as commodity and
real estate ETFs, as well as exchange-traded notes ("ETNs"). ETNs are unsecured debt obligations of investment banks which
are traded on exchanges and the returns of which are linked to the performance of market indices. The Fund will generally invest
in ETNs which are linked to commodities indices; however, investing in ETNs is not equivalent to investing directly in index components
or the relevant index itself. The Fund may also invest directly in domestic equity securities (including large-, small- and mid-cap
stocks), stocks offered in international markets, including emerging markets, and unaffiliated open-end investment companies.
The Fund is designed to meet investor needs
for a diversified portfolio solution with a defined risk objective of long-term growth through a fully managed investment policy
utilizing primarily ETFs as well as United States and foreign equity securities, debt and money market securities, the combination
of which will be varied from time to time both with respect to types of securities and markets in response to changing market and
economic trends. The portfolio is built around a strategic allocation which allocates the portfolio's investments to large cap
stocks, small- and mid-cap stocks, international securities (including emerging markets), and other investments, primarily through
investments in ETFs.
The Fund may be appropriate for investors with
long-term time horizons who are not sensitive to short-term losses and want to participate in the long-term growth of the financial
markets. The Fund seeks to avoid or minimize the effects of inflation on the portfolio.
At times, the Fund may also invest directly
in fixed-income securities. These fixed-income securities, either held directly or through ETFs, may be domestic or foreign, corporate
or sovereign, and of any quality or duration. Notwithstanding the foregoing, under normal market conditions, the Fund will generally
allocate 100% of its investments to equity securities. The portfolio management team may depart from the targeted allocation range
when they feel that certain sectors of the financial markets are overvalued or undervalued. The Fund is diversified.
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| Risk Narrative [Text Block] |
rr_RiskNarrativeTextBlock |
Principal Risks of Investing in the Fund.
An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested.
There can be no assurance that the Fund will be successful in meeting its investment objective. Generally, the Fund will be subject
to the following additional risks:
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• |
Allocation risk – The performance of the Fund relative to its benchmark will depend largely on the decisions of the Adviser as to strategic asset allocation and tactical adjustments made to the asset allocation. At times, the Adviser’s judgments as to the asset classes in which the Fund should invest may prove to be wrong, as some asset classes may perform worse than others or the equity markets generally from time to time or for extended periods of time. |
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Market risk – Market risk refers to the risk that the value of securities in the Fund’s portfolio may decline due to daily fluctuations in the securities markets, including fluctuation in interest rates, national and international economic conditions and general equity market conditions. |
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Management style risk – To the extent the Fund focuses on a particular style of stocks, such as growth or value, its performance may at times be better or worse than that of similar funds with other focuses or that have a broader investment style. |
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Business and sector risk – From time to time, a particular set of circumstances may affect a particular industry or certain companies within an industry, while having little or no impact on other industries or other companies within the industry. |
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Large company risk – The Fund may invest in larger, more established companies, which may be unable to respond quickly to new competitive challenges such as changes in consumer tastes or innovative smaller competitors. Also, large companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansions. |
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Mid-sized company risk – The Fund may invest in mid-cap companies, which may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, these mid-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets and financial resources, and may depend upon a relatively small management group. |
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Small company risk – The Fund may invest in smaller companies, which generally have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. |
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Real Estate Investment Trust (“REIT”) risk – The Fund may invest in ETFs or other pooled investment vehicles that invest in REITs. REITs are susceptible to the risks associated with investing in real estate generally, including, among others, declines in the value of real estate, lack of ability to access the credit markets and defaults by borrowers or tenants. |
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Commodities risk – The Fund may invest in ETFs or other pooled investment vehicles that invest in commodities, such as raw materials or agricultural products. Commodities are tied to future market values and future income and are vulnerable to adverse movements in prices and exchange rates. Additionally, the price of commodities may be affected by geopolitical changes and relations.
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Credit risk – An issuer of debt securities, including the issuers of exchange-traded notes, may not make timely payments of principal and interest. |
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Debt securities risk – Increases in interest rates typically lower the value of debt securities held by the Fund. Investments in debt securities include credit risk. There is also the risk that a bond issuer may “call,” or repay its high yielding bonds before their maturity dates. Debt securities subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. Limited training opportunities for certain debt securities may make it more difficult to sell or buy a security at a favorable price or time. |
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High yield securities risk – Investments in high yield fixed income securities, also known as “junk bonds”, are considered speculative, involve a greater risk of default and are subject to a substantially higher degree of credit risk or price fluctuations than other types of debt securities. |
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Interest rate risk – Increases in interest rates typically lower the present value of a company’s future earnings stream. Accordingly, stock prices will generally decline when investors anticipate or experience rising interest rates. |
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Issuer risk – The value of an individual security or particular type of security can be more volatile and thus perform differently than the market as a whole. |
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• |
Shares of other investment companies and ETFs risk – You will indirectly bear fees and expenses charged by the underlying funds in which the Fund may invest in addition to the Fund’s direct fees and expenses and, as a result, your cost of investing in the Fund will generally be higher than the cost of investing directly in the underlying fund shares. Investments in ETFs bear the risk that the market price of the ETF’s shares may trade at a discount to their net asset value or that an active trading market for an ETF’s shares may not develop or be maintained. |
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Foreign exposure risk – Foreign markets, particularly emerging markets, can be more volatile than the U.S. market due to increased risks of adverse issuer, political, regulatory, or economic developments. |
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• |
Foreign currency risk – The value of an investment denominated in a foreign currency will decline in dollar terms if that currency weakens against the dollar. Additionally, certain countries may utilize formal or informal currency-exchange controls or “capital controls.” Such controls may also affect the value of the Fund’s holdings. |
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U.S. Government and U.S. agency obligations risk – There can be no assurance that the U.S. Government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) that issue or guarantee certain securities where it is not obligated to do so. |
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| Risk Lose Money [Text] |
rr_RiskLoseMoney |
An investment in the Fund is subject to investment risks, including the possible loss of some or all of the principal amount invested.
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| Performance Narrative [Text Block] |
rr_PerformanceNarrativeTextBlock |
Performance. The bar chart below shows
the Fund’s investment results for the period indicated. The table below shows how the Fund’s average annual total returns
compare over time to those of a broad-based securities market index. This information provides some indication of the risks of
investing in the Fund. Past performance of the Fund is not necessarily an indication of how it will perform in the future. Updated
performance information will be available at no cost by calling (877) 244-6235.
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| Performance Information Illustrates Variability of Returns [Text] |
rr_PerformanceInformationIllustratesVariabilityOfReturns |
The bar chart below shows the Fund's investment results for the period indicated. The table below shows how the Fund's average annual total returns compare over time to those of a broad-based securities market index.
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| Performance Availability Phone [Text] |
rr_PerformanceAvailabilityPhone |
(877) 244-6235.
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| Performance Past Does Not Indicate Future [Text] |
rr_PerformancePastDoesNotIndicateFuture |
Past performance of the Fund is not necessarily an indication of how it will perform in the future.
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| Bar Chart Narrative [Text Block] |
rr_BarChartNarrativeTextBlock |
Annual Total Returns
(for periods ended December 31) – Institutional
Class Shares
|
|
| Bar Chart Closing [Text Block] |
rr_BarChartClosingTextBlock |
Quarterly Returns During This Time Period
| Highest |
3.63% (quarter ended March 31, 2017) |
| Lowest |
-0.52% (quarter ended December 31, 2016) |
| Year to Date |
-1.30% (quarter ended March 31, 2018) |
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| Performance Table Uses Highest Federal Rate |
rr_PerformanceTableUsesHighestFederalRate |
After-tax returns are calculated using the historical highest individual federal income tax rates in effect as of December 31, 2017 and do not reflect the impact of state and local taxes.
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| Performance Table Not Relevant to Tax Deferred |
rr_PerformanceTableNotRelevantToTaxDeferred |
After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs.
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| Performance Table One Class of after Tax Shown [Text] |
rr_PerformanceTableOneClassOfAfterTaxShown |
After-tax returns are shown for Institutional Class shares and after-tax returns for other Classes will vary.
|
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| Performance Table Narrative |
rr_PerformanceTableNarrativeTextBlock |
Annual Total Returns
(for periods ended December 31) – Institutional
Class Shares
Quarterly Returns During This Time Period
|
|
| Performance Table Closing [Text Block] |
rr_PerformanceTableClosingTextBlock |
After-tax returns are calculated using the
historical highest individual federal income tax rates in effect as of December 31, 2017 and do not reflect the impact of state
and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax
returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans
or IRAs. After-tax returns are shown for Institutional Class shares and after-tax returns for other Classes will vary.
Current performance of the Fund may be lower
or higher than the performance quoted above. Updated performance information may be obtained by calling (877) 244-6235.
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| Stringer Moderate Growth Fund | Class A Shares |
|
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| Risk Return Abstract |
rr_RiskReturnAbstract |
|
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| Trading Symbol |
dei_TradingSymbol |
SRQAX
|
|
| Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) |
rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice |
5.50%
|
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| Maximum Deferred Sales Charge (Load) (as a percentage of amount redeemed) |
rr_MaximumDeferredSalesChargeOverOfferingPrice |
1.00%
|
[1] |
| Management Fees |
rr_ManagementFeesOverAssets |
0.80%
|
|
| Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
0.25%
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
1.82%
|
|
| Acquired Fund Fees and Expenses |
rr_AcquiredFundFeesAndExpensesOverAssets |
0.25%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
3.12%
|
[2] |
| Fee Waivers and Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(1.57%)
|
[2],[3] |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
1.55%
|
|
| One Year |
rr_ExpenseExampleYear01 |
$ 699
|
|
| Three Years |
rr_ExpenseExampleYear03 |
1,321
|
|
| Five Years |
rr_ExpenseExampleYear05 |
1,966
|
|
| Ten Years |
rr_ExpenseExampleYear10 |
$ 3,688
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
6.79%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
1.74%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 31, 2015
|
|
| Stringer Moderate Growth Fund | Class C Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Trading Symbol |
dei_TradingSymbol |
SRQCX
|
|
| 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 amount redeemed) |
rr_MaximumDeferredSalesChargeOverOfferingPrice |
1.00%
|
|
| Management Fees |
rr_ManagementFeesOverAssets |
0.80%
|
|
| Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
1.00%
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
1.82%
|
|
| Acquired Fund Fees and Expenses |
rr_AcquiredFundFeesAndExpensesOverAssets |
0.25%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
3.87%
|
[2] |
| Fee Waivers and Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(1.57%)
|
[2],[3] |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
2.30%
|
|
| One Year |
rr_ExpenseExampleYear01 |
$ 233
|
|
| Three Years |
rr_ExpenseExampleYear03 |
1,037
|
|
| Five Years |
rr_ExpenseExampleYear05 |
1,859
|
|
| Ten Years |
rr_ExpenseExampleYear10 |
$ 3,997
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
12.26%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
3.11%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 31, 2015
|
|
| Stringer Moderate Growth Fund | Institutional Class Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| Trading Symbol |
dei_TradingSymbol |
SRQIX
|
|
| 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 amount redeemed) |
rr_MaximumDeferredSalesChargeOverOfferingPrice |
none
|
|
| Management Fees |
rr_ManagementFeesOverAssets |
0.80%
|
|
| Distribution and Service (12b-1) Fees |
rr_DistributionAndService12b1FeesOverAssets |
none
|
|
| Other Expenses |
rr_OtherExpensesOverAssets |
1.82%
|
|
| Acquired Fund Fees and Expenses |
rr_AcquiredFundFeesAndExpensesOverAssets |
0.25%
|
|
| Total Annual Fund Operating Expenses |
rr_ExpensesOverAssets |
2.87%
|
[2] |
| Fee Waivers and Expense Reimbursements |
rr_FeeWaiverOrReimbursementOverAssets |
(1.57%)
|
[2],[3] |
| Total Annual Fund Operating Expenses After Waivers and/or Expense Reimbursements |
rr_NetExpensesOverAssets |
1.30%
|
|
| One Year |
rr_ExpenseExampleYear01 |
$ 132
|
|
| Three Years |
rr_ExpenseExampleYear03 |
740
|
|
| Five Years |
rr_ExpenseExampleYear05 |
1,375
|
|
| Ten Years |
rr_ExpenseExampleYear10 |
$ 3,082
|
|
| Annual Return 2016 |
rr_AnnualReturn2016 |
4.38%
|
|
| Annual Return 2017 |
rr_AnnualReturn2017 |
13.30%
|
|
| Year to Date Return, Label |
rr_YearToDateReturnLabel |
Year to Date
|
|
| Bar Chart, Year to Date Return, Date |
rr_BarChartYearToDateReturnDate |
Mar. 31, 2018
|
|
| Bar Chart, Year to Date Return |
rr_BarChartYearToDateReturn |
(1.30%)
|
|
| Highest Quarterly Return, Label |
rr_HighestQuarterlyReturnLabel |
Highest
|
|
| Highest Quarterly Return, Date |
rr_BarChartHighestQuarterlyReturnDate |
Mar. 31, 2017
|
|
| Highest Quarterly Return |
rr_BarChartHighestQuarterlyReturn |
3.63%
|
|
| Lowest Quarterly Return, Label |
rr_LowestQuarterlyReturnLabel |
Lowest
|
|
| Lowest Quarterly Return, Date |
rr_BarChartLowestQuarterlyReturnDate |
Dec. 31, 2016
|
|
| Lowest Quarterly Return |
rr_BarChartLowestQuarterlyReturn |
(0.52%)
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
13.30%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
4.13%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 31, 2015
|
|
| Stringer Moderate Growth Fund | After Taxes on Distributions | Institutional Class Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
12.69%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
3.56%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 31, 2015
|
|
| Stringer Moderate Growth Fund | After Taxes on Distributions and Sales | Institutional Class Shares |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
8.09%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
3.04%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 31, 2015
|
|
| Stringer Moderate Growth Fund | MCSI AC World Net Total Return/Barclays US Aggregate Bond 65/35 Index Blend (reflects no deduction for fees, expenses or taxes) |
|
|
|
| Risk Return Abstract |
rr_RiskReturnAbstract |
|
|
| 1 Year |
rr_AverageAnnualReturnYear01 |
16.82%
|
|
| Since Inception |
rr_AverageAnnualReturnSinceInception |
6.67%
|
|
| Inception Date |
rr_AverageAnnualReturnInceptionDate |
Mar. 31, 2015
|
|
|
|
