0001104659-12-079458.txt : 20121121 0001104659-12-079458.hdr.sgml : 20121121 20121121090228 ACCESSION NUMBER: 0001104659-12-079458 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121121 DATE AS OF CHANGE: 20121121 EFFECTIVENESS DATE: 20121121 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Roxbury Funds CENTRAL INDEX KEY: 0001359057 IRS NUMBER: 571138125 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-133691 FILM NUMBER: 121219739 BUSINESS ADDRESS: STREET 1: 6001 SHADY OAK ROAD STREET 2: SUITE 200 CITY: MINNETONKA STATE: MN ZIP: 55343 BUSINESS PHONE: 9522306140 MAIL ADDRESS: STREET 1: 6001 SHADY OAK ROAD STREET 2: SUITE 200 CITY: MINNETONKA STATE: MN ZIP: 55343 0001359057 S000012813 Roxbury Small-Cap Growth Fund - Institutional Shares C000034642 Roxbury Small-Cap Growth Fund - Institutional Shares RSCIX 0001359057 S000034445 Roxbury/Mar Vista Strategic Growth Fund - Institutional Shares C000105920 Roxbury/Mar Vista Strategic Growth Fund - Institutional Shares RMSIX 497 1 a12-24990_7497.htm 497

 

Drinker Biddle & Reath LLP

One Logan Square

Suite 2000

Philadelphia, PA 19103-6996

Phone: (215) 988-2700

Facsimile: (215) 988-2757

www.drinkerbiddle.com

 

November 21, 2012

 

VIA EDGAR TRANSMISSION

 

Securities and Exchange Commission

100 F Street, N.E.

Washington, D.C. 20549

 

Re:                             The Roxbury Funds

(1933 Act Registration No. 333-133691)

(1940 Act Registration No. 811-21897)

 

Ladies and Gentlemen:

 

On behalf of The Roxbury Funds (the “Trust”), transmitted herewith for filing is an exhibit containing interactive data format risk/return summary information using the eXtensible Business Reporting Language (XBRL).  The interactive data file included as an exhibit to this filing relates to the prospectus filed with the Securities and Exchange Commission on behalf of the Trust pursuant to Rule 497 under the Securities Act of 1933 on November 5, 2012 (accession number 0001104659-12-074273).

 

Questions and comments concerning this filing may be directed to the undersigned at (215) 988-2867.

 

 

 

Sincerely,

 

 

 

/s/ Michelle M. Lombardo

 

Michelle M. Lombardo

 

Enclosures

 


 

EX-101.INS 2 ck0001359057-20120630.xml XBRL INSTANCE DOCUMENT Other 2012-06-30 0001359057 2012-11-05 Roxbury Funds false 2012-11-05 2012-11-01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs. These costs, which are not reflected in<br />annual fund operating expenses or in the Example, affect the Fund's performance.<br />During the most recent fiscal year, the Fund's portfolio turnover rate was 27%<br />of the average value of its portfolio.</tt> <div style="display:none">~ http://RoxburyFunds.com/role/ExpenseExample_S000034445Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Roxbury/Mar Vista Strategic Growth Fund (the "Strategic Growth <br />Fund" or the "Fund") seeks superior long-term growth of capital.</tt> <tt>This Example is intended to help you compare the cost of investing in the Fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the Fund for the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the Fund's operating expenses<br />remain the same (taking into account the contractual fee waiver/expense<br />reimbursement through November 1, 2014). Although your actual costs may be<br />higher or lower, based on these assumptions your costs would be:</tt> <tt>The Strategic Growth Fund, under normal market conditions, invests in equity<br />securities that are judged by the Fund's sub-adviser, Mar Vista Investment<br />Partners, LLC ("Mar Vista"), to have strong growth characteristics and that are<br />undervalued in the marketplace. Under normal circumstances, the Fund will invest<br />primarily (at least 65% of its net assets) in large capitalization securities<br />with a market capitalization which at the time of purchase is consistent with<br />the capitalization ranges of the Russell 1000&#xAE; Growth Index and S&amp;P 500&#xAE; Index<br />("large-cap companies"). The Fund may also invest up to 35% in securities of<br />companies in other capitalization ranges, including small and mid-capitalization<br />stocks.<br /> <br />In selecting securities, Mar Vista, seeks to invest in large-cap businesses that<br />it believes can grow excess returns on capital into the future and which Mar Vista <br />believes trade at a discount to the value of the companies. Mar Vista utilizes a <br />bottom-up stock selection process to identify growth businesses with a sustainable <br />competitive advantage.<br /> <br />Mar Vista generally sells stocks when it believes the risk/reward characteristics <br />turn negative, the fundamentals deteriorate, a more attractive investment is <br />identified, or it achieves Mar Vista's estimate of fair value.<br /> <br />The Fund maintains a portfolio of approximately 30-50 stocks. However, the actual <br />amount of the portfolio holdings may vary due to market conditions. Holdings are <br />generally spread across a number of industries/sectors but may have a higher <br />concentration in sectors that Mar Vista believes have greater investment <br />opportunities.<br /> <br />The Fund may purchase securities of companies engaged in initial public<br />offerings ("IPOs").<br /> <br />The Fund may from time to time invest in foreign securities including American<br />Depositary Receipts.<br /> <br />As of June 30, 2012, the range of market capitalizations represented by<br />companies in the Russell 1000&#xAE; Growth Index was between $300 million and $546<br />billion and, as of September 30, 2012, the S&amp;P 500&#xAE; Index had a minimum market<br />capitalization of $4 billion. Due to market price adjustments or other events<br />after the time of purchase, it is possible that a company's market capitalization <br />may drift above or below this range. Nevertheless, a company whose capitalization <br />no longer meets this definition after purchase continues to be considered to have <br />a large capitalization for purposes of the 65% policy.</tt> SUMMARY SECTION - Roxbury/Mar Vista Strategic Growth Fund The "Total Annual Fund Operating Expenses" will not correlate to the Fund's ratio of expenses to average net assets in the Fund's Financial Highlights, which reflects the operating expenses of the Fund and does not include "Acquired Fund Fees and Expenses." EXAMPLE Performance information is not available for the Fund because it has not yet been in operation for a full calendar year. Investment Objective It is possible to lose money by investing in the Fund. PRINCIPAL RISKS Shareholder Fees (fees paid directly from your investment): 0.27 PERFORMANCE INFORMATION Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): PORTFOLIO TURNOVER <tt>An investment in the Fund is subject to the principal risks summarized below,<br />which are further described under "Additional Risk Information."<br /> <br />&#x2022; It is possible to lose money by investing in the Fund. There is no guarantee<br />that stocks in general or the specific securities that the Fund buys will<br />increase in value.<br /> <br />&#x2022; The Fund's share price will fluctuate in response to changes in market value<br />of the Fund's underlying investments. Market value changes result from business<br />developments affecting an issuer as well as general market and economic<br />conditions.<br /> <br />&#x2022; Growth stocks are typically priced higher than other stocks, in relation to<br />earnings and other measures, because investors believe they have more growth<br />potential. If Mar Vista's assessment of a company's prospects for earnings<br />growth or how other investors will value the company's earnings growth is<br />incorrect, the price of the stock may fail to reach the value Mar Vista has<br />placed on it. Growth stock prices tend to fluctuate more dramatically than the<br />overall stock market.<br /> <br />&#x2022; Small-cap and mid-cap companies may be more vulnerable than large-cap companies <br />to adverse business or economic developments, their securities may be less liquid <br />and more volatile than securities of larger companies, and they may suffer <br />significant losses. Small-cap and mid-cap companies may also be more difficult <br />to value than large-cap companies.<br /> <br />&#x2022; Investments in a foreign market are subject to foreign security risk. A change<br />in value of a foreign currency against the U.S. dollar will result in a change<br />in the U.S. dollar value of securities denominated in that foreign currency and<br />of any income or distributions the Fund may receive on those securities.<br />Additionally, the value of foreign investments may be affected by exchange<br />control regulations, expropriation or nationalization of a company's assets,<br />foreign taxes, higher transaction and other costs, delays in settlement of<br />transactions, changes in economic or monetary policy in the U.S. or abroad, <br />or other political and economic factors.<br /> <br />&#x2022; The price of securities purchased in IPOs can be very volatile. The effect <br />of IPO investments on the Fund's performance depends on a variety of factors,<br />including the number of IPOs the Fund invests in relative to the size of the<br />Fund, and whether and to what extent a security purchased in an IPO appreciates<br />or depreciates in value.<br /> <br />&#x2022; The performance of the Fund will depend on whether or not Mar Vista is successful <br />in pursuing the Fund's investment strategies.</tt> FEES AND EXPENSES OF THE FUND PRINCIPAL INVESTMENT STRATEGIES <tt>Performance information is not available for the Fund because it has not yet<br />been in operation for a full calendar year. When available, the performance<br />information will give you some indication of the risks of an investment in <br />the Fund by comparing the Fund's performance with a broad measure of market<br />performance.</tt> <tt>The table below describes the fees and expenses that you may pay if you <br />buy and hold shares of the Strategic Growth Fund.</tt> <div style="display:none">~ http://RoxburyFunds.com/role/OperatingExpensesData_S000034445Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://RoxburyFunds.com/role/ShareholderFeesData_S000034445Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> RMSIX 0.00 93 716 -0.0395 4422 -0.0075 1771 0.0410 0.0075 2014-11-1 0.0075 0.00 0.00 0.0091 0.0486 0.0001 0.00 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs. These costs, which are not reflected in<br />annual fund operating expenses or in the Example, affect the Fund's performance.<br />During the most recent fiscal year, the Fund's portfolio turnover rate was 138%<br />of the average value of its portfolio.</tt> <div style="display:none">~ http://RoxburyFunds.com/role/ExpenseExample_S000012813Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://RoxburyFunds.com/role/BarChartData_S000012813Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Roxbury Small-Cap Growth Fund (the "Small-Cap Growth Fund" or <br />the "Fund") seeks superior long-term growth of capital.</tt> <tt>This Example is intended to help you compare the cost of investing in the Fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the Fund for the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the Fund's operating expenses<br />remain the same (taking into account the contractual fee waiver/expense<br />reimbursement through December 31, 2020). Although your actual costs may be<br />higher or lower, based on these assumptions your costs would be:</tt> reflects no deduction for fees, expenses or taxes <tt>The Small-Cap Growth Fund, under normal market conditions, invests at least 80%<br />of its net assets plus any borrowings for investment purposes in the following<br />equity (or equity-related) securities:<br /> <br />&#x2022; Common stocks of U.S. corporations that are judged by the investment adviser<br />to have strong growth characteristics or to be undervalued in the marketplace<br />relative to underlying profitability and have a market capitalization which, at<br />the time of purchase, is consistent with the capitalization ranges of the S&amp;P<br />SmallCap 600&#xAE; and Russell 2000&#xAE; Indices ("small-cap companies");<br /> <br />&#x2022; Options on, or securities convertible into, the common stock of small-cap<br />companies (such as convertible preferred stock, convertible bonds, warrants, <br />and debentures);<br /> <br />&#x2022; Options on indices of the common stock of small-cap companies; and<br /> <br />&#x2022; Contracts for either the future delivery, or payment in respect of the future<br />market value, of certain indices of common stock of small-cap companies, and<br />options upon such futures contracts.<br /> <br />The 80% policy of the Small-Cap Growth Fund may be changed upon sixty (60) days<br />written notice to shareholders.<br /> <br />As a non-fundamental policy, no more than 15% of the Fund's total assets may at<br />anytime be committed or exposed to derivative strategies, which includes options<br />and futures contracts. These derivative instruments will be counted toward the<br />Fund's 80% policy discussed above to the extent they have economic characteristics <br />similar to the securities included within that policy. The Fund may invest in such <br />instruments for a number of reasons, including for hedging purposes, risk management <br />or other fund management purposes consistent with the Fund's objective.<br /> <br />The Fund may purchase securities of companies engaged in initial public<br />offerings ("IPOs").<br /> <br />The Fund may from time to time invest in foreign securities including American<br />Depositary Receipts, and in convertible securities, including preferred stock,<br />warrants and debentures.<br /> <br />In selecting securities, the research process utilized by the investment<br />adviser, Roxbury Capital Management, LLC ("Roxbury"), begins by screening a<br />universe of stocks with market capitalizations of generally less than $2 billion<br />and expected future earnings growth of greater than 15%. Roxbury then performs<br />fundamental and valuation analysis and additional research to select stocks for<br />the Fund.<br /><br />The Fund maintains a portfolio of approximately 80-120 stocks, which is<br />constructed with the overall goal of mitigating risk. However, the actual <br />amount of the portfolio holdings may vary due to market conditions.<br /> <br />Roxbury periodically engages in active trading of Fund securities.<br /> <br />Roxbury generally sells stocks when it believes they have become overvalued,<br />when the fundamentals weaken or if poor relative price performance persists.<br /> <br />As of June 30, 2012, the range of market capitalizations represented by<br />companies in the Russell 2000&#xAE; Growth Index was between $30 million and $3.8<br />billion and, as of September 30, 2012, the S&amp;P SmallCap 600&#xAE; Index was between<br />$300 million and $1.4 billion. Due to market price adjustments or other events<br />after the time of purchase, it is possible that a company's market capitalization <br />may drift above or below this range. Nevertheless, a company whose capitalization <br />no longer meets this definition after purchase continues to be considered to have <br />a small market capitalization for purposes of the 80% policy. The Fund may invest <br />up to 20% of its assets in stocks of companies in other capitalization ranges.</tt> SUMMARY SECTION - Roxbury Small-Cap Growth Fund The "Total Annual Fund Operating Expenses" will not correlate to the Fund's ratio of expenses to average net assets in the Fund's Financial Highlights, which reflects the operating expenses of the Fund and does not include "Acquired Fund Fees and Expenses." EXAMPLE After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective The Fund's past performance, both before and after taxes, does not necessarily indicate how the Fund will perform in the future. It is possible to lose money by investing in the Fund. PRINCIPAL RISKS Shareholder Fees (fees paid directly from your investment): 1.38 Actual after-tax returns depend on your tax situation and may differ from those shown, and are not relevant if you hold your shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts ("IRAs"). Average Annual Total Returns for the Calendar Years Since Inception PERFORMANCE INFORMATION <tt>After-tax returns are calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local taxes. <br />Actual after-tax returns depend on your tax situation and may differ from those <br />shown, and are not relevant if you hold your shares through tax-deferred<br />arrangements, such as 401(k) plans or individual retirement accounts ("IRAs").</tt> The bar chart and performance table below illustrate the risks and volatility of an investment in the Fund by showing changes in the performance of the Fund from calendar year to calendar year and by showing how the Fund's average annual returns for one year, five years and since inception compared with those of the Russell 2000® Growth Index, which is a broad measure of market performance. <tt>Best Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Worst Quarter&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;&#xA0;22.35%&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;-25.90%&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />June 30, 2009&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;December 31, 2008</tt> (800) 497-2960 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): Average Annual Total Returns as of December 31, 2011 PORTFOLIO TURNOVER <tt>An investment in the Fund is subject to the principal risks summarized below,<br />which are further described under "Additional Risk Information."<br /> <br />&#x2022; It is possible to lose money by investing in the Fund. There is no guarantee<br />that stocks in general or the specific securities that the Fund buys will<br />increase in value.<br /> <br />&#x2022; The Fund's share price will fluctuate in response to changes in market value<br />of the Fund's underlying investments. Market value changes result from business<br />developments affecting an issuer as well as general market and economic<br />conditions.<br /> <br />&#x2022; The Fund is subject to greater volatility than funds that invest in large-cap<br />companies. Small-cap companies may be more vulnerable than large-cap companies<br />to adverse business or economic developments, their securities may be less<br />liquid and more volatile than securities of larger companies, and they may<br />suffer significant losses. Small-cap companies may also be more difficult to<br />value than large-cap companies.<br /> <br />&#x2022; Growth stocks are typically priced higher than other stocks, in relation to<br />earnings and other measures, because investors believe they have more growth<br />potential. If Roxbury's assessment of a company's prospects for earnings growth<br />or how other investors will value the company's earnings growth is incorrect,<br />the price of the stock may fail to reach the value Roxbury has placed on it.<br />Growth stock prices tend to fluctuate more dramatically than the overall stock<br />market.<br /> <br />&#x2022; Investments in a foreign market are subject to foreign security risk. A change<br />in value of a foreign currency against the U.S. dollar will result in a change<br />in the U.S. dollar value of securities denominated in that foreign currency <br />and of any income or distributions the Fund may receive on those securities.<br />Additionally, the value of foreign investments may be affected by exchange<br />control regulations, expropriation or nationalization of a company's assets,<br />foreign taxes, higher transaction and other costs, delays in settlement of<br />transactions, changes in economic or monetary policy in the U.S. or abroad, <br />or other political and economic factors.<br /> <br />&#x2022; The use of derivatives may expose the Fund to additional risks that it would<br />not be subject to if it invested directly in securities underlying those<br />derivatives. Derivatives can be volatile, illiquid and difficult to value, and<br />an imperfect correlation may exist between changes in the value of a derivative<br />held by the Fund and the Fund's other investments. In addition, there is a risk<br />that the Fund may be unable to terminate or sell a derivative position. These<br />risks may cause the Fund to experience higher losses than a fund that does not<br />use derivatives. Future contracts and options may not always be successful hedges <br />and using them could lower the Fund's total return. Future contracts and options <br />are also subject to&#xA0;&#xA0;the risk that changes in the value of the investment will <br />not correlate to changes in the value of the underlying security. The potential <br />loss from the use of futures can exceed the Fund's initial investment in such <br />contracts.<br /> <br />&#x2022; The price of securities purchased in IPOs can be very volatile. The effect <br />of IPO investments on the Fund's performance depends on a variety of factors,<br />including the number of IPOs the Fund invests in relative to the size of the<br />Fund, and whether and to what extent a security purchased in an IPO appreciates<br />or depreciates in value.<br /> <br />&#x2022; The Fund engages in active and frequent trading, resulting in high portfolio<br />turnover. The higher the Fund's portfolio turnover rate in a year, the greater<br />the trading costs and the greater the chance of a shareholder receiving taxable<br />gains in the year.<br /> <br />&#x2022; The performance of the Fund will depend on whether or not Roxbury is successful <br />in pursuing the Fund's investment strategies.</tt> FEES AND EXPENSES OF THE FUND PRINCIPAL INVESTMENT STRATEGIES <tt>The bar chart and performance table below illustrate the risks and volatility <br />of an investment in the Fund by showing changes in the performance of the Fund <br />from calendar year to calendar year and by showing how the Fund's average annual<br />returns for one year, five years and since inception compared with those of the<br />Russell 2000&#xAE; Growth Index, which is a broad measure of market performance. This<br />performance information includes performance of the Fund's predecessor, the Roxbury <br />Small-Cap Growth Fund (a series of WT Mutual Fund) (the "Predecessor Fund"), for <br />periods prior to February 2, 2007. The Fund's past performance, both before and <br />after taxes, does not necessarily indicate how the Fund will perform in the future. <br />More recent performance information is available by calling (800)497-2960.</tt> <tt>The table below describes the fees and expenses that you may pay if you buy and<br />hold shares of the Small-Cap Growth Fund.</tt> <div style="display:none">~ http://RoxburyFunds.com/role/OperatingExpensesData_S000012813Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://RoxburyFunds.com/role/PerformanceTableData_S000012813Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://RoxburyFunds.com/role/ShareholderFeesData_S000012813Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2000® Growth Index (reflects no deduction for fees, expenses or taxes) -0.0291 0.0209 0.0928 2003-01-02 Return After Taxes on Distributions and Sales of Fund Shares -0.0341 -0.0001 0.0768 2003-01-02 Return After Taxes on Distributions -0.0524 -0.0046 0.0821 2003-01-02 RSCIX Worst Quarter Best Quarter 0.00 2012-09-30 Return Before Taxes 128 2009-06-30 400 -0.2590 0.0755 -0.0032 0.2458 1609 -0.0100 692 -0.0012 0.2235 -0.0524 0.0057 -0.3986 0.0100 2020-12-31 2008-12-31 0.4242 0.0020 0.0768 year-to-date return 0.0100 -0.0524 0.00 0.00 0.0126 0.0158 0.1197 0.0905 2003-01-02 0.2119 0.0001 0.00 0001359057 ck0001359057:SummaryS000012813Memberck0001359057:S000012813Memberck0001359057:C000034642Member 2012-11-01 2012-11-01 0001359057 ck0001359057:SummaryS000012813Memberck0001359057:S000012813Memberrr:AfterTaxesOnDistributionsMemberck0001359057:C000034642Member 2012-11-01 2012-11-01 0001359057 ck0001359057:SummaryS000012813Memberck0001359057:S000012813Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001359057:C000034642Member 2012-11-01 2012-11-01 0001359057 ck0001359057:SummaryS000012813Memberck0001359057:S000012813Memberck0001359057:RRINDEX00001Member 2012-11-01 2012-11-01 0001359057 ck0001359057:SummaryS000012813Memberck0001359057:S000012813Member 2012-11-01 2012-11-01 0001359057 ck0001359057:SummaryS000034445Memberck0001359057:S000034445Memberck0001359057:C000105920Member 2012-11-01 2012-11-01 0001359057 ck0001359057:SummaryS000034445Memberck0001359057:S000034445Member 2012-11-01 2012-11-01 0001359057 2012-11-01 2012-11-01 pure iso4217:USD "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. The "Total Annual Fund Operating Expenses" will not correlate to the Fund's ratio of expenses to average net assets in the Fund's Financial Highlights, which reflects the operating expenses of the Fund and does not include "Acquired Fund Fees and Expenses." The investment adviser has contractually agreed to waive a portion of its fees and reimburse certain expenses for the Small-Cap Growth Fund to limit the total annual fund operating expenses, excluding taxes, extraordinary expenses, brokerage commissions, interest and acquired fund fees and expenses ("Excludable Expenses") to 1.25%. Excludable Expenses are expected to exceed 1.25%. The waivers and reimbursements will remain in effect through December 31, 2020 unless terminated sooner by mutual agreement of the Fund's Board of Trustees and the investment adviser. The year-to-date return for the Fund is 21.19% as of September 30, 2012. The investment adviser has contractually agreed to waive a portion of its fees and reimburse certain expenses for the Strategic Growth Fund to limit the total annual fund operating expenses, excluding taxes, extraordinary expenses, brokerage commissions, interest and acquired fund fees and expenses ("Excludable Expenses") to 0.90%. Excludable Expenses are expected to exceed 0.90%. The waivers and reimbursements will remain in effect through November 1, 2014 unless terminated sooner by mutual agreement of the Fund's Board of Trustees and the investment adviser. 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Roxbury/Mar Vista Strategic Growth Fund (Prospectus Summary) | Roxbury/Mar Vista Strategic Growth Fund
SUMMARY SECTION - Roxbury/Mar Vista Strategic Growth Fund
Investment Objective
The Roxbury/Mar Vista Strategic Growth Fund (the "Strategic Growth
Fund" or the "Fund") seeks superior long-term growth of capital.
FEES AND EXPENSES OF THE FUND
The table below describes the fees and expenses that you may pay if you
buy and hold shares of the Strategic Growth Fund.
Shareholder Fees (fees paid directly from your investment):
Shareholder Fees
Roxbury/Mar Vista Strategic Growth Fund
Institutional Shares
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) none
Maximum deferred sales charge (load) none
Maximum sales charge imposed on reinvested dividends (and other distributions) none
Redemption fee (as a percentage of amounts redeemed within 60 days of purchase) 0.75%
Exchange fee (as a percentage of amounts exchanged within 60 days of purchase) 0.75%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):
Annual Fund Operating Expenses
Roxbury/Mar Vista Strategic Growth Fund
Institutional Shares
Management fees 0.75%
Distribution (12b-1) and/or Shareholder Service fees none
Other expenses 4.10%
Acquired Fund Fees and Expenses [1] 0.01%
Total Annual Fund Operating Expenses [2] 4.86%
Fee Waivers/Expense Reimbursements [2] (3.95%)
Total Annual Fund Operating Expenses After Fee Waivers/ Expense Reimbursements [2] 0.91%
[1] "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. The "Total Annual Fund Operating Expenses" will not correlate to the Fund's ratio of expenses to average net assets in the Fund's Financial Highlights, which reflects the operating expenses of the Fund and does not include "Acquired Fund Fees and Expenses."
[2] The investment adviser has contractually agreed to waive a portion of its fees and reimburse certain expenses for the Strategic Growth Fund to limit the total annual fund operating expenses, excluding taxes, extraordinary expenses, brokerage commissions, interest and acquired fund fees and expenses ("Excludable Expenses") to 0.90%. Excludable Expenses are expected to exceed 0.90%. The waivers and reimbursements will remain in effect through November 1, 2014 unless terminated sooner by mutual agreement of the Fund's Board of Trustees and the investment adviser.
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 (taking into account the contractual fee waiver/expense
reimbursement through November 1, 2014). Although your actual costs may be
higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Roxbury/Mar Vista Strategic Growth Fund Institutional Shares
93 716 1,771 4,422
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. These costs, which are not reflected in
annual fund operating expenses or in the Example, affect the Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 27%
of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES
The Strategic Growth Fund, under normal market conditions, invests in equity
securities that are judged by the Fund's sub-adviser, Mar Vista Investment
Partners, LLC ("Mar Vista"), to have strong growth characteristics and that are
undervalued in the marketplace. Under normal circumstances, the Fund will invest
primarily (at least 65% of its net assets) in large capitalization securities
with a market capitalization which at the time of purchase is consistent with
the capitalization ranges of the Russell 1000® Growth Index and S&P 500® Index
("large-cap companies"). The Fund may also invest up to 35% in securities of
companies in other capitalization ranges, including small and mid-capitalization
stocks.

In selecting securities, Mar Vista, seeks to invest in large-cap businesses that
it believes can grow excess returns on capital into the future and which Mar Vista
believes trade at a discount to the value of the companies. Mar Vista utilizes a
bottom-up stock selection process to identify growth businesses with a sustainable
competitive advantage.

Mar Vista generally sells stocks when it believes the risk/reward characteristics
turn negative, the fundamentals deteriorate, a more attractive investment is
identified, or it achieves Mar Vista's estimate of fair value.

The Fund maintains a portfolio of approximately 30-50 stocks. However, the actual
amount of the portfolio holdings may vary due to market conditions. Holdings are
generally spread across a number of industries/sectors but may have a higher
concentration in sectors that Mar Vista believes have greater investment
opportunities.

The Fund may purchase securities of companies engaged in initial public
offerings ("IPOs").

The Fund may from time to time invest in foreign securities including American
Depositary Receipts.

As of June 30, 2012, the range of market capitalizations represented by
companies in the Russell 1000® Growth Index was between $300 million and $546
billion and, as of September 30, 2012, the S&P 500® Index had a minimum market
capitalization of $4 billion. Due to market price adjustments or other events
after the time of purchase, it is possible that a company's market capitalization
may drift above or below this range. Nevertheless, a company whose capitalization
no longer meets this definition after purchase continues to be considered to have
a large capitalization for purposes of the 65% policy.
PRINCIPAL RISKS
An investment in the Fund is subject to the principal risks summarized below,
which are further described under "Additional Risk Information."

• It is possible to lose money by investing in the Fund. There is no guarantee
that stocks in general or the specific securities that the Fund buys will
increase in value.

• The Fund's share price will fluctuate in response to changes in market value
of the Fund's underlying investments. Market value changes result from business
developments affecting an issuer as well as general market and economic
conditions.

• Growth stocks are typically priced higher than other stocks, in relation to
earnings and other measures, because investors believe they have more growth
potential. If Mar Vista's assessment of a company's prospects for earnings
growth or how other investors will value the company's earnings growth is
incorrect, the price of the stock may fail to reach the value Mar Vista has
placed on it. Growth stock prices tend to fluctuate more dramatically than the
overall stock market.

• Small-cap and mid-cap companies may be more vulnerable than large-cap companies
to adverse business or economic developments, their securities may be less liquid
and more volatile than securities of larger companies, and they may suffer
significant losses. Small-cap and mid-cap companies may also be more difficult
to value than large-cap companies.

• Investments in a foreign market are subject to foreign security risk. A change
in value of a foreign currency against the U.S. dollar will result in a change
in the U.S. dollar value of securities denominated in that foreign currency and
of any income or distributions the Fund may receive on those securities.
Additionally, the value of foreign investments may be affected by exchange
control regulations, expropriation or nationalization of a company's assets,
foreign taxes, higher transaction and other costs, delays in settlement of
transactions, changes in economic or monetary policy in the U.S. or abroad,
or other political and economic factors.

• The price of securities purchased in IPOs can be very volatile. The effect
of IPO investments on the Fund's performance depends on a variety of factors,
including the number of IPOs the Fund invests in relative to the size of the
Fund, and whether and to what extent a security purchased in an IPO appreciates
or depreciates in value.

• The performance of the Fund will depend on whether or not Mar Vista is successful
in pursuing the Fund's investment strategies.
PERFORMANCE INFORMATION
Performance information is not available for the Fund because it has not yet
been in operation for a full calendar year. When available, the performance
information will give you some indication of the risks of an investment in
the Fund by comparing the Fund's performance with a broad measure of market
performance.
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Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Nov. 01, 2012
Roxbury Small-Cap Growth Fund (Prospectus Summary) | Roxbury Small-Cap Growth Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading SUMMARY SECTION - Roxbury Small-Cap Growth Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Roxbury Small-Cap Growth Fund (the "Small-Cap Growth Fund" or
the "Fund") seeks superior long-term growth of capital.
Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES OF THE FUND
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The table below describes the fees and expenses that you may pay if you buy and
hold shares of the Small-Cap Growth Fund.
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):
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs. These costs, which are not reflected in
annual fund operating expenses or in the Example, affect the Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 138%
of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 138.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees The "Total Annual Fund Operating Expenses" will not correlate to the Fund's ratio of expenses to average net assets in the Fund's Financial Highlights, which reflects the operating expenses of the Fund and does 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 (taking into account the contractual fee waiver/expense
reimbursement through December 31, 2020). Although your actual costs may be
higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Small-Cap Growth Fund, under normal market conditions, invests at least 80%
of its net assets plus any borrowings for investment purposes in the following
equity (or equity-related) securities:

• Common stocks of U.S. corporations that are judged by the investment adviser
to have strong growth characteristics or to be undervalued in the marketplace
relative to underlying profitability and have a market capitalization which, at
the time of purchase, is consistent with the capitalization ranges of the S&P
SmallCap 600® and Russell 2000® Indices ("small-cap companies");

• Options on, or securities convertible into, the common stock of small-cap
companies (such as convertible preferred stock, convertible bonds, warrants,
and debentures);

• Options on indices of the common stock of small-cap companies; and

• Contracts for either the future delivery, or payment in respect of the future
market value, of certain indices of common stock of small-cap companies, and
options upon such futures contracts.

The 80% policy of the Small-Cap Growth Fund may be changed upon sixty (60) days
written notice to shareholders.

As a non-fundamental policy, no more than 15% of the Fund's total assets may at
anytime be committed or exposed to derivative strategies, which includes options
and futures contracts. These derivative instruments will be counted toward the
Fund's 80% policy discussed above to the extent they have economic characteristics
similar to the securities included within that policy. The Fund may invest in such
instruments for a number of reasons, including for hedging purposes, risk management
or other fund management purposes consistent with the Fund's objective.

The Fund may purchase securities of companies engaged in initial public
offerings ("IPOs").

The Fund may from time to time invest in foreign securities including American
Depositary Receipts, and in convertible securities, including preferred stock,
warrants and debentures.

In selecting securities, the research process utilized by the investment
adviser, Roxbury Capital Management, LLC ("Roxbury"), begins by screening a
universe of stocks with market capitalizations of generally less than $2 billion
and expected future earnings growth of greater than 15%. Roxbury then performs
fundamental and valuation analysis and additional research to select stocks for
the Fund.

The Fund maintains a portfolio of approximately 80-120 stocks, which is
constructed with the overall goal of mitigating risk. However, the actual
amount of the portfolio holdings may vary due to market conditions.

Roxbury periodically engages in active trading of Fund securities.

Roxbury generally sells stocks when it believes they have become overvalued,
when the fundamentals weaken or if poor relative price performance persists.

As of June 30, 2012, the range of market capitalizations represented by
companies in the Russell 2000® Growth Index was between $30 million and $3.8
billion and, as of September 30, 2012, the S&P SmallCap 600® Index was between
$300 million and $1.4 billion. Due to market price adjustments or other events
after the time of purchase, it is possible that a company's market capitalization
may drift above or below this range. Nevertheless, a company whose capitalization
no longer meets this definition after purchase continues to be considered to have
a small market capitalization for purposes of the 80% policy. The Fund may invest
up to 20% of its assets in stocks of companies in other capitalization ranges.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock An investment in the Fund is subject to the principal risks summarized below,
which are further described under "Additional Risk Information."

• It is possible to lose money by investing in the Fund. There is no guarantee
that stocks in general or the specific securities that the Fund buys will
increase in value.

• The Fund's share price will fluctuate in response to changes in market value
of the Fund's underlying investments. Market value changes result from business
developments affecting an issuer as well as general market and economic
conditions.

• The Fund is subject to greater volatility than funds that invest in large-cap
companies. Small-cap companies may be more vulnerable than large-cap companies
to adverse business or economic developments, their securities may be less
liquid and more volatile than securities of larger companies, and they may
suffer significant losses. Small-cap companies may also be more difficult to
value than large-cap companies.

• Growth stocks are typically priced higher than other stocks, in relation to
earnings and other measures, because investors believe they have more growth
potential. If Roxbury's assessment of a company's prospects for earnings growth
or how other investors will value the company's earnings growth is incorrect,
the price of the stock may fail to reach the value Roxbury has placed on it.
Growth stock prices tend to fluctuate more dramatically than the overall stock
market.

• Investments in a foreign market are subject to foreign security risk. A change
in value of a foreign currency against the U.S. dollar will result in a change
in the U.S. dollar value of securities denominated in that foreign currency
and of any income or distributions the Fund may receive on those securities.
Additionally, the value of foreign investments may be affected by exchange
control regulations, expropriation or nationalization of a company's assets,
foreign taxes, higher transaction and other costs, delays in settlement of
transactions, changes in economic or monetary policy in the U.S. or abroad,
or other political and economic factors.

• The use of derivatives may expose the Fund to additional risks that it would
not be subject to if it invested directly in securities underlying those
derivatives. Derivatives can be volatile, illiquid and difficult to value, and
an imperfect correlation may exist between changes in the value of a derivative
held by the Fund and the Fund's other investments. In addition, there is a risk
that the Fund may be unable to terminate or sell a derivative position. These
risks may cause the Fund to experience higher losses than a fund that does not
use derivatives. Future contracts and options may not always be successful hedges
and using them could lower the Fund's total return. Future contracts and options
are also subject to  the risk that changes in the value of the investment will
not correlate to changes in the value of the underlying security. The potential
loss from the use of futures can exceed the Fund's initial investment in such
contracts.

• The price of securities purchased in IPOs can be very volatile. The effect
of IPO investments on the Fund's performance depends on a variety of factors,
including the number of IPOs the Fund invests in relative to the size of the
Fund, and whether and to what extent a security purchased in an IPO appreciates
or depreciates in value.

• The Fund engages in active and frequent trading, resulting in high portfolio
turnover. The higher the Fund's portfolio turnover rate in a year, the greater
the trading costs and the greater the chance of a shareholder receiving taxable
gains in the year.

• The performance of the Fund will depend on whether or not Roxbury is successful
in pursuing the Fund's investment strategies.
Risk Lose Money [Text] rr_RiskLoseMoney It is possible to lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE INFORMATION
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The bar chart and performance table below illustrate the risks and volatility
of an investment in the Fund by showing changes in the performance of the Fund
from calendar year to calendar year and by showing how the Fund's average annual
returns for one year, five years and since inception compared with those of the
Russell 2000® Growth Index, which is a broad measure of market performance. This
performance information includes performance of the Fund's predecessor, the Roxbury
Small-Cap Growth Fund (a series of WT Mutual Fund) (the "Predecessor Fund"), for
periods prior to February 2, 2007. The Fund's past performance, both before and
after taxes, does not necessarily indicate how the Fund will perform in the future.
More recent performance information is available by calling (800)497-2960.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and performance table below illustrate the risks and volatility of an investment in the Fund by showing changes in the performance of the Fund from calendar year to calendar year and by showing how the Fund's average annual returns for one year, five years and since inception compared with those of the Russell 2000® Growth Index, which is a broad measure of market performance.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone (800) 497-2960
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance, both before and after taxes, does not necessarily indicate how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Average Annual Total Returns for the Calendar Years Since Inception [1]
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock Best Quarter        Worst Quarter     
    22.35%              -25.90%       
June 30, 2009     December 31, 2008
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes reflects no deduction for fees, expenses or taxes
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on your tax situation and may differ from those shown, and are not relevant if you hold your shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts ("IRAs").
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on your tax situation and may differ from those
shown, and are not relevant if you hold your shares through tax-deferred
arrangements, such as 401(k) plans or individual retirement accounts ("IRAs").
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2011
Roxbury Small-Cap Growth Fund (Prospectus Summary) | Roxbury Small-Cap Growth Fund | Russell 2000® Growth Index
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 2000® Growth Index (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01 (2.91%)
5 Years rr_AverageAnnualReturnYear05 2.09%
Since Inception rr_AverageAnnualReturnSinceInception 9.28%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
Roxbury Small-Cap Growth Fund (Prospectus Summary) | Roxbury Small-Cap Growth Fund | Institutional Shares
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum sales charge imposed on reinvested dividends (and other distributions) rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption fee (as a percentage of amounts redeemed within 60 days of purchase) rr_RedemptionFeeOverRedemption (1.00%)
Exchange fee (as a percentage of amounts exchanged within 60 days of purchase) rr_ExchangeFeeOverRedemption 1.00%
Management fees rr_ManagementFeesOverAssets 1.00%
Distribution (12b-1) and/or Shareholder Service fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.57%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.58% [3]
Fee Waivers/Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.32%) [3]
Total Annual Fund Operating Expenses After Fee Waivers/ Expense Reimbursements rr_NetExpensesOverAssets 1.26% [3]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2020-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 128
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 400
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 692
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,609
Annual Return 2004 rr_AnnualReturn2004 7.55%
Annual Return 2005 rr_AnnualReturn2005 7.68%
Annual Return 2006 rr_AnnualReturn2006 11.97%
Annual Return 2007 rr_AnnualReturn2007 (0.12%)
Annual Return 2008 rr_AnnualReturn2008 (39.86%)
Annual Return 2009 rr_AnnualReturn2009 42.42%
Annual Return 2010 rr_AnnualReturn2010 24.58%
Annual Return 2011 rr_AnnualReturn2011 (5.24%)
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 21.19%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 22.35%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (25.90%)
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (5.24%)
5 Years rr_AverageAnnualReturnYear05 0.20%
Since Inception rr_AverageAnnualReturnSinceInception 9.05%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
Roxbury Small-Cap Growth Fund (Prospectus Summary) | Roxbury Small-Cap Growth Fund | Institutional Shares | After Taxes on Distributions
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (5.24%)
5 Years rr_AverageAnnualReturnYear05 (0.46%)
Since Inception rr_AverageAnnualReturnSinceInception 8.21%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
Roxbury Small-Cap Growth Fund (Prospectus Summary) | Roxbury Small-Cap Growth Fund | Institutional Shares | After Taxes on Distributions and Sales
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sales of Fund Shares
1 Year rr_AverageAnnualReturnYear01 (3.41%)
5 Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 7.68%
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 02, 2003
[1] The year-to-date return for the Fund is 21.19% as of September 30, 2012.
[2] "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. The "Total Annual Fund Operating Expenses" will not correlate to the Fund's ratio of expenses to average net assets in the Fund's Financial Highlights, which reflects the operating expenses of the Fund and does not include "Acquired Fund Fees and Expenses."
[3] The investment adviser has contractually agreed to waive a portion of its fees and reimburse certain expenses for the Small-Cap Growth Fund to limit the total annual fund operating expenses, excluding taxes, extraordinary expenses, brokerage commissions, interest and acquired fund fees and expenses ("Excludable Expenses") to 1.25%. Excludable Expenses are expected to exceed 1.25%. The waivers and reimbursements will remain in effect through December 31, 2020 unless terminated sooner by mutual agreement of the Fund's Board of Trustees and the investment adviser.