0001104659-12-069849.txt : 20121018 0001104659-12-069849.hdr.sgml : 20121018 20121018151739 ACCESSION NUMBER: 0001104659-12-069849 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 9 FILED AS OF DATE: 20121018 DATE AS OF CHANGE: 20121018 EFFECTIVENESS DATE: 20121018 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FundVantage Trust CENTRAL INDEX KEY: 0001388485 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-141120 FILM NUMBER: 121150412 BUSINESS ADDRESS: BUSINESS PHONE: 610-382-8667 MAIL ADDRESS: STREET 1: 301 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FundVantage Trust CENTRAL INDEX KEY: 0001388485 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22027 FILM NUMBER: 121150413 BUSINESS ADDRESS: BUSINESS PHONE: 610-382-8667 MAIL ADDRESS: STREET 1: 301 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 0001388485 S000037541 Origin International Equity Fund C000115910 Class I Shares OINTX 485BPOS 1 a12-14118_5485bpos.htm POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)

 

Filed with the Securities and Exchange Commission on October 18, 2012

Securities Act of 1933 File No. 333-141120

Investment Company Act of 1940 File No. 811-22027

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

FORM N-1A

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

x

 

 

 

Pre-Effective Amendment No.

o

 

Post-Effective Amendment No. 67

x

 

and

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

 

 

 

Amendment No. 69

x

 

(Check Appropriate Box or Boxes)

 

FUNDVANTAGE TRUST

(Exact Name of Registrant as Specified in Charter)

 

301 Bellevue Parkway, Wilmington, DE 19809

(Address of Principal Executive Offices)  (Zip Code)

 

Registrant’s Telephone Number, including Area Code: (302) 791-1851

 

Joel L. Weiss

BNY Mellon Investment Servicing (US) Inc.

103 Bellevue Parkway

Wilmington, DE  19809

(Name and Address of Agent for Service)

 

Copies to:

 

Joseph V. Del Raso, Esq.

Pepper Hamilton LLP

3000 Two Logan Square

Philadelphia, PA 19103

 

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

 

x          immediately upon filing pursuant to paragraph (b)

o          on (date) pursuant to paragraph (b)

o          60 days after filing pursuant to paragraph (a)(1)

o          on (date) pursuant to paragraph (a)(1)

o          75 days after filing pursuant to paragraph (a)(2)

o          on (date) pursuant to paragraph (a)(2) of Rule 485.

 

If appropriate, check the following box:

 

o                               This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 



 

EXPLANATORY NOTE

 

This Post-Effective Amendment No. 67 to the Registrant’s Registration Statement on Form N-1A is filed for the sole purpose of submitting exhibits containing interactive data format risk/return summary information for the Origin International Equity Fund.

 


 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirement for effectiveness of this Post-Effective Amendment No. 67 to its Registration Statement on Form N-1A under Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 67 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, duly authorized, in the City of Wilmington, State of Delaware on the 18th day of October 2012.

 

 

 

FUNDVANTAGE TRUST

 

 

 

 

By:

/s/ Joel Weiss

 

 

Joel Weiss, President and CEO

 

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 67 to the Registrant’s Registration Statement on Form N-1A has been signed below by the following persons in the capacities and on the dates indicated.

 

 

 

 

 

 

/s/ Robert J. Christian*

 

Trustee

 

October 18, 2012

Robert J. Christian

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Iqbal Mansur*

 

Trustee

 

October 18, 2012

Iqbal Mansur

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Nancy B. Wolcott*

 

Trustee

 

October 18, 2012

Nancy B. Wolcott

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Donald J. Puglisi*

 

Trustee

 

October 18, 2012

Donald J. Puglisi

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Stephen M. Wynne*

 

Trustee

 

October 18, 2012

Stephen M. Wynne

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ James Shaw

 

Treasurer and CFO

 

October 18, 2012

James Shaw

 

 

 

 

 

 

 

 

 

 

 

 

 

 

/s/ Joel Weiss               

 

President and CEO

 

October 18, 2012

Joel Weiss

 

 

 

 

 

 

 

* By:

/s/ Joel Weiss

 

 

 

Joel Weiss

 

 

Attorney-in-Fact

 



 

INDEX TO EXHIBITS

 

EXHIBIT NO.

 

DESCRIPTION OF EXHIBIT

 

PAGE NO.

 

 

 

 

 

EX-101.INS

 

XBRL Instance Document

 

 

EX-101.SCH

 

XBRL Taxonomy Extension Schema Document

 

 

EX-101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

 

 

EX-101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

 

 

EX-101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase

 

 

 


EX-101.INS 2 ck0001388485-20120928.xml XBRL INSTANCE DOCUMENT 485BPOS 2012-09-28 0001388485 2012-09-28 FundVantage Trust false 2012-09-28 2012-10-01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio).&#xA0;&#xA0;A higher portfolio turnover rate<br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account.&#xA0;&#xA0;These costs, which are not reflected in<br />annual fund operating expenses or in the example, affect the Fund's performance.</tt> <div style="display:none">~ http://www.pepperlaw.com/role/ExpenseExample_S000037541Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The ORIGIN INTERNATIONAL EQUITY FUND (the "Fund") seeks to achieve long-term<br />capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in shares of<br />the Fund with the cost of investing in other mutual funds.&#xA0;&#xA0;The Example below<br />shows what you would pay if you invested $10,000 in the Fund's Class I shares<br />for the time periods indicated and then redeem all of your shares at the end of<br />those periods.&#xA0;&#xA0;The Example also assumes that your investment has a 5% return<br />each year and that the Fund's operating expenses remain the same.&#xA0;&#xA0;Although your<br />actual costs may be higher or lower, based on these assumptions, your costs<br />would be:</tt> <tt>The Fund primarily invests in equity securities of foreign (i.e., non-U.S.)<br />companies, with equity market capitalization of more than $1 billion.&#xA0;&#xA0;In<br />selecting investments for the Fund, the Adviser uses a disciplined and<br />systematic approach to identify companies which exhibit a positive balance <br />of four characteristics:<br /> <br />1. Strong capital management -- companies which have a track record of high <br />&#xA0;&#xA0;&#xA0;and rising cash flow return on investment;<br /> <br />2. Undervaluation -- companies whose ability to continue to generate high<br />&#xA0;&#xA0;&#xA0;returns appears under-recognized by the current share price;<br /><br />3. Positive Relative Earnings Revisions -- companies with improving near-term <br />&#xA0;&#xA0;&#xA0;business prospects as measured by relative changes in analysts' earnings <br />&#xA0;&#xA0;&#xA0;forecasts; and<br /><br />4. Positive Relative Share Price Trend -- companies whose attractive&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;characteristics are starting to be recognized by the market.<br /><br />The Adviser then ranks the companies on the basis of the four characteristics<br />and conducts its own due diligence on those companies that appear at the top of<br />its list to determine which companies will be selected for the Fund's portfolio.&#xA0;&#xA0;<br />The Fund may focus its investments in specific sectors or industries and may not <br />have exposure to all economic sectors; however, the Fund will not invest more <br />than 25% of its assets in a single industry.&#xA0;&#xA0;The Fund will normally invest its <br />assets in equity securities of non-U.S. companies without regard to whether a <br />company is located in a country with a developed or emerging market.<br /> <br />The Adviser reviews the portfolio on a monthly basis and may sell a portfolio<br />security if it believes the fundamentals of the issuer are deteriorating, deems<br />that the security has become overvalued, or determines that better investment<br />opportunities are available.</tt> ORIGIN INTERNATIONAL EQUITY FUND Example "Other Expenses" are based on estimated amounts for the current fiscal year. The Fund's performance information is only shown when the Fund has had a full calendar year of operations. Investment Objective It is possible to lose money by investing in the Fund. Summary of Principal Risks Shareholder Fees (fees paid directly from your investment): Performance Information Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment): Portfolio Turnover <tt>The Fund is subject to the principal risks summarized below.&#xA0;&#xA0;These risks could<br />adversely affect the Fund's net asset value ("NAV"), yield and total return.&#xA0;&#xA0;It<br />is possible to lose money by investing in the Fund.<br /> <br />o Emerging Markets Risk: Emerging markets are riskier than more developed markets <br />&#xA0;&#xA0;because they tend to develop unevenly and may never fully develop.&#xA0;&#xA0;Investments in <br />&#xA0;&#xA0;emerging markets may be considered speculative. Emerging markets are more likely to <br />&#xA0;&#xA0;experience hyperinflation and currency devaluations, which adversely affect returns <br />&#xA0;&#xA0;to U.S. investors.&#xA0;&#xA0;In addition, many emerging securities markets have far lower <br />&#xA0;&#xA0;trading volumes and less liquidity than developed markets.<br /><br />o Equity Securities Risk: Stock markets are volatile.&#xA0;&#xA0;The price of equity securities <br />&#xA0;&#xA0;fluctuates based on changes in a company's financial condition and overall market and <br />&#xA0;&#xA0;economic conditions.<br />&#xA0;&#xA0;<br />o Foreign Securities Risk: The risk that investing in foreign (non-U.S.) securities <br />&#xA0;&#xA0;may result in the Fund experiencing more rapid and extreme changes in value than a <br />&#xA0;&#xA0;fund that invests exclusively in securities of U.S. companies, due to less liquid <br />&#xA0;&#xA0;markets, and adverse economic, political, diplomatic, financial, and regulatory <br />&#xA0;&#xA0;factors. Foreign governments also may impose limits on investment and repatriation <br />&#xA0;&#xA0;and impose taxes. Any of these events could cause the value of the Fund's investments <br />&#xA0;&#xA0;to decline.<br /><br />o Management Risk: As with any managed fund, the Adviser may not be successful in <br />&#xA0;&#xA0;selecting the best-performing securities or investment techniques, and the Fund's <br />&#xA0;&#xA0;performance may lag behind that of similar funds.&#xA0;&#xA0;The Adviser may also miss out on <br />&#xA0;&#xA0;an investment opportunity because the assets necessary to take advantage of the <br />&#xA0;&#xA0;opportunity are tied up in less advantageous investments.<br /> <br />o Market Risk: The risk that the market value of a security may, sometimes rapidly <br />&#xA0;&#xA0;and unpredictably, fluctuate. The prices of securities change in response to many <br />&#xA0;&#xA0;factors including the historical and prospective earnings of the issuer, the value <br />&#xA0;&#xA0;of its assets, general economic conditions, interest rates, investor perceptions and <br />&#xA0;&#xA0;market liquidity.<br /><br />o Sector Risk: The Fund may focus its investments from time to time in a limited <br />&#xA0;&#xA0;number of economic sectors.&#xA0;&#xA0;The Fund may not have exposure to all economic sectors.&#xA0;&#xA0;<br />&#xA0;&#xA0;To the extent that it does so, developments affecting companies in that sector or <br />&#xA0;&#xA0;sectors will likely have a magnified effect on the Fund's NAV and total returns and <br />&#xA0;&#xA0;may subject the Fund to greater risk of loss. Accordingly, the Fund could be <br />&#xA0;&#xA0;considerably more volatile than a broad-based market index or other mutual funds <br />&#xA0;&#xA0;that are diversified across a greater number of securities and sectors.<br /><br />o Small/Mid Cap Risk: The risk that securities of small or mid capitalization <br />&#xA0;&#xA0;companies may be subject to more abrupt or erratic market movements than securities <br />&#xA0;&#xA0;of larger, more established companies. Generally the smaller the company size, the <br />&#xA0;&#xA0;greater the risk. Small and mid capitalization companies may have limited product <br />&#xA0;&#xA0;lines or financial resources, or may be dependent upon a small or inexperienced <br />&#xA0;&#xA0;management group and their securities may trade less frequently and in lower volume <br />&#xA0;&#xA0;than the securities of larger companies, which could lead to higher transaction costs.<br /><br />o Valuation Risk: The risk that the Fund has valued certain of its securities at a <br />&#xA0;&#xA0;higher price than it can sell them.</tt> Expenses and Fees Summary of Principal Investment Strategies <tt>The Fund's performance information is only shown when the Fund has had a full<br />calendar year of operations.&#xA0;&#xA0;The Fund does not yet have a full calendar year <br />of operations, accordingly, there is no performance information included in <br />this Prospectus.</tt> <tt>The table below describes the fees and expenses that you may pay if you buy and<br />hold shares of the Fund.</tt> <div style="display:none">~ http://www.pepperlaw.com/role/OperatingExpensesData_S000037541Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.pepperlaw.com/role/ShareholderFeesData_S000037541Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> OINTX 0.00 127 397 -0.0006 -0.0200 0.0041 0.0090 2015-08-31 0.00 0.0125 0.0131 0.00 0001388485 ck0001388485:SummaryS000037541Memberck0001388485:S000037541Memberck0001388485:C000115910Member 2012-10-01 2012-10-01 0001388485 ck0001388485:SummaryS000037541Memberck0001388485:S000037541Member 2012-10-01 2012-10-01 0001388485 2012-10-01 2012-10-01 pure iso4217:USD "Other Expenses" are based on estimated amounts for the current fiscal year. Origin Asset Management LLP ("Origin" or the "Adviser") has contractually agreed to reduce its advisory fee and/or reimburse certain expenses of the Fund to the extent necessary to ensure that the Fund's total operating expenses (excluding any class-specific fees and expenses, interest, extraordinary items, "Acquired Fund fees and expenses" and brokerage commissions) do not exceed 1.25% (on an annual basis) of average daily net assets of the Fund (the "Expense Limitation"). The Expense Limitation will remain in place until August 31, 2015, unless the Board of Trustees of FundVantage Trust (the "Trust") approves its earlier termination. The Adviser is entitled to recoup, subject to approval by the Board of Trustees, such amounts reduced or reimbursed for a period of up to three (3) years from the year in which the Adviser reduced its compensation and/or assumed expenses for the Fund. No recoupment will occur unless the Fund's expenses are below the Expense Limitation. 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Origin International Equity Fund (Prospectus Summary) | Origin International Equity Fund
ORIGIN INTERNATIONAL EQUITY FUND
Investment Objective
The ORIGIN INTERNATIONAL EQUITY FUND (the "Fund") seeks to achieve long-term
capital appreciation.
Expenses and Fees
The table below describes the fees and expenses that you may pay if you buy and
hold shares of the Fund.
Shareholder Fees (fees paid directly from your investment):
Shareholder Fees
Origin International Equity Fund
Class I Shares
Maximum Sales Charge (Load) imposed on Purchases (as a percentage of offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the original purchase price or the net asset value at redemption) none
Redemption Fee (as a percentage of amount redeemed within 30 days of purchase) 2.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment):
Annual Fund Operating Expenses
Origin International Equity Fund
Class I Shares
Management Fees 0.90%
Distribution (Rule 12b-1) Fees none
Other Expenses [1] 0.41%
Total Annual Fund Operating Expenses [2] 1.31%
Fee Waiver and/or Expense Reimbursement [2] (0.06%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [2] 1.25%
[1] "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] Origin Asset Management LLP ("Origin" or the "Adviser") has contractually agreed to reduce its advisory fee and/or reimburse certain expenses of the Fund to the extent necessary to ensure that the Fund's total operating expenses (excluding any class-specific fees and expenses, interest, extraordinary items, "Acquired Fund fees and expenses" and brokerage commissions) do not exceed 1.25% (on an annual basis) of average daily net assets of the Fund (the "Expense Limitation"). The Expense Limitation will remain in place until August 31, 2015, unless the Board of Trustees of FundVantage Trust (the "Trust") approves its earlier termination. The Adviser is entitled to recoup, subject to approval by the Board of Trustees, such amounts reduced or reimbursed for a period of up to three (3) years from the year in which the Adviser reduced its compensation and/or assumed expenses for the Fund. No recoupment will occur unless the Fund's expenses are below the Expense Limitation.
Example
This Example is intended to help you compare the cost of investing in shares of
the Fund with the cost of investing in other mutual funds.  The Example below
shows what you would pay if you invested $10,000 in the Fund's Class I shares
for the time periods indicated and then redeem all of your shares at the end of
those periods.  The Example also assumes that your investment has a 5% return
each year and that the Fund's operating expenses remain the same.  Although your
actual costs may be higher or lower, based on these assumptions, your costs
would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Origin International Equity Fund Class I Shares
127 397
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.
Summary of Principal Investment Strategies
The Fund primarily invests in equity securities of foreign (i.e., non-U.S.)
companies, with equity market capitalization of more than $1 billion.  In
selecting investments for the Fund, the Adviser uses a disciplined and
systematic approach to identify companies which exhibit a positive balance
of four characteristics:

1. Strong capital management -- companies which have a track record of high
   and rising cash flow return on investment;

2. Undervaluation -- companies whose ability to continue to generate high
   returns appears under-recognized by the current share price;

3. Positive Relative Earnings Revisions -- companies with improving near-term
   business prospects as measured by relative changes in analysts' earnings
   forecasts; and

4. Positive Relative Share Price Trend -- companies whose attractive  
   characteristics are starting to be recognized by the market.

The Adviser then ranks the companies on the basis of the four characteristics
and conducts its own due diligence on those companies that appear at the top of
its list to determine which companies will be selected for the Fund's portfolio.  
The Fund may focus its investments in specific sectors or industries and may not
have exposure to all economic sectors; however, the Fund will not invest more
than 25% of its assets in a single industry.  The Fund will normally invest its
assets in equity securities of non-U.S. companies without regard to whether a
company is located in a country with a developed or emerging market.

The Adviser reviews the portfolio on a monthly basis and may sell a portfolio
security if it believes the fundamentals of the issuer are deteriorating, deems
that the security has become overvalued, or determines that better investment
opportunities are available.
Summary of Principal Risks
The Fund is subject to the principal risks summarized below.  These risks could
adversely affect the Fund's net asset value ("NAV"), yield and total return.  It
is possible to lose money by investing in the Fund.

o Emerging Markets Risk: Emerging markets are riskier than more developed markets
  because they tend to develop unevenly and may never fully develop.  Investments in
  emerging markets may be considered speculative. Emerging markets are more likely to
  experience hyperinflation and currency devaluations, which adversely affect returns
  to U.S. investors.  In addition, many emerging securities markets have far lower
  trading volumes and less liquidity than developed markets.

o Equity Securities Risk: Stock markets are volatile.  The price of equity securities
  fluctuates based on changes in a company's financial condition and overall market and
  economic conditions.
  
o Foreign Securities Risk: The risk that investing in foreign (non-U.S.) securities
  may result in the Fund experiencing more rapid and extreme changes in value than a
  fund that invests exclusively in securities of U.S. companies, due to less liquid
  markets, and adverse economic, political, diplomatic, financial, and regulatory
  factors. Foreign governments also may impose limits on investment and repatriation
  and impose taxes. Any of these events could cause the value of the Fund's investments
  to decline.

o Management Risk: As with any managed fund, the Adviser may not be successful in
  selecting the best-performing securities or investment techniques, and the Fund's
  performance may lag behind that of similar funds.  The Adviser may also miss out on
  an investment opportunity because the assets necessary to take advantage of the
  opportunity are tied up in less advantageous investments.

o Market Risk: The risk that the market value of a security may, sometimes rapidly
  and unpredictably, fluctuate. The prices of securities change in response to many
  factors including the historical and prospective earnings of the issuer, the value
  of its assets, general economic conditions, interest rates, investor perceptions and
  market liquidity.

o Sector Risk: The Fund may focus its investments from time to time in a limited
  number of economic sectors.  The Fund may not have exposure to all economic sectors.  
  To the extent that it does so, developments affecting companies in that sector or
  sectors will likely have a magnified effect on the Fund's NAV and total returns and
  may subject the Fund to greater risk of loss. Accordingly, the Fund could be
  considerably more volatile than a broad-based market index or other mutual funds
  that are diversified across a greater number of securities and sectors.

o Small/Mid Cap Risk: The risk that securities of small or mid capitalization
  companies may be subject to more abrupt or erratic market movements than securities
  of larger, more established companies. Generally the smaller the company size, the
  greater the risk. Small and mid capitalization companies may have limited product
  lines or financial resources, or may be dependent upon a small or inexperienced
  management group and their securities may trade less frequently and in lower volume
  than the securities of larger companies, which could lead to higher transaction costs.

o Valuation Risk: The risk that the Fund has valued certain of its securities at a
  higher price than it can sell them.
Performance Information
The Fund's performance information is only shown when the Fund has had a full
calendar year of operations.  The Fund does not yet have a full calendar year
of operations, accordingly, there is no performance information included in
this Prospectus.
XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Oct. 01, 2012
Origin International Equity Fund (Prospectus Summary) | Origin International Equity Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ORIGIN INTERNATIONAL EQUITY FUND
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The ORIGIN INTERNATIONAL EQUITY FUND (the "Fund") seeks to achieve long-term
capital appreciation.
Expense [Heading] rr_ExpenseHeading Expenses and Fees
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 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 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.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates "Other Expenses" are based on estimated amounts for the current fiscal year.
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 shares of
the Fund with the cost of investing in other mutual funds.  The Example below
shows what you would pay if you invested $10,000 in the Fund's Class I shares
for the time periods indicated and then redeem all of your shares at the end of
those periods.  The Example also assumes that your investment has a 5% return
each year and that the Fund's operating expenses remain the same.  Although your
actual costs may be higher or lower, based on these assumptions, your costs
would be:
Strategy [Heading] rr_StrategyHeading Summary of Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund primarily invests in equity securities of foreign (i.e., non-U.S.)
companies, with equity market capitalization of more than $1 billion.  In
selecting investments for the Fund, the Adviser uses a disciplined and
systematic approach to identify companies which exhibit a positive balance
of four characteristics:

1. Strong capital management -- companies which have a track record of high
   and rising cash flow return on investment;

2. Undervaluation -- companies whose ability to continue to generate high
   returns appears under-recognized by the current share price;

3. Positive Relative Earnings Revisions -- companies with improving near-term
   business prospects as measured by relative changes in analysts' earnings
   forecasts; and

4. Positive Relative Share Price Trend -- companies whose attractive  
   characteristics are starting to be recognized by the market.

The Adviser then ranks the companies on the basis of the four characteristics
and conducts its own due diligence on those companies that appear at the top of
its list to determine which companies will be selected for the Fund's portfolio.  
The Fund may focus its investments in specific sectors or industries and may not
have exposure to all economic sectors; however, the Fund will not invest more
than 25% of its assets in a single industry.  The Fund will normally invest its
assets in equity securities of non-U.S. companies without regard to whether a
company is located in a country with a developed or emerging market.

The Adviser reviews the portfolio on a monthly basis and may sell a portfolio
security if it believes the fundamentals of the issuer are deteriorating, deems
that the security has become overvalued, or determines that better investment
opportunities are available.
Risk [Heading] rr_RiskHeading Summary of Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The Fund is subject to the principal risks summarized below.  These risks could
adversely affect the Fund's net asset value ("NAV"), yield and total return.  It
is possible to lose money by investing in the Fund.

o Emerging Markets Risk: Emerging markets are riskier than more developed markets
  because they tend to develop unevenly and may never fully develop.  Investments in
  emerging markets may be considered speculative. Emerging markets are more likely to
  experience hyperinflation and currency devaluations, which adversely affect returns
  to U.S. investors.  In addition, many emerging securities markets have far lower
  trading volumes and less liquidity than developed markets.

o Equity Securities Risk: Stock markets are volatile.  The price of equity securities
  fluctuates based on changes in a company's financial condition and overall market and
  economic conditions.
  
o Foreign Securities Risk: The risk that investing in foreign (non-U.S.) securities
  may result in the Fund experiencing more rapid and extreme changes in value than a
  fund that invests exclusively in securities of U.S. companies, due to less liquid
  markets, and adverse economic, political, diplomatic, financial, and regulatory
  factors. Foreign governments also may impose limits on investment and repatriation
  and impose taxes. Any of these events could cause the value of the Fund's investments
  to decline.

o Management Risk: As with any managed fund, the Adviser may not be successful in
  selecting the best-performing securities or investment techniques, and the Fund's
  performance may lag behind that of similar funds.  The Adviser may also miss out on
  an investment opportunity because the assets necessary to take advantage of the
  opportunity are tied up in less advantageous investments.

o Market Risk: The risk that the market value of a security may, sometimes rapidly
  and unpredictably, fluctuate. The prices of securities change in response to many
  factors including the historical and prospective earnings of the issuer, the value
  of its assets, general economic conditions, interest rates, investor perceptions and
  market liquidity.

o Sector Risk: The Fund may focus its investments from time to time in a limited
  number of economic sectors.  The Fund may not have exposure to all economic sectors.  
  To the extent that it does so, developments affecting companies in that sector or
  sectors will likely have a magnified effect on the Fund's NAV and total returns and
  may subject the Fund to greater risk of loss. Accordingly, the Fund could be
  considerably more volatile than a broad-based market index or other mutual funds
  that are diversified across a greater number of securities and sectors.

o Small/Mid Cap Risk: The risk that securities of small or mid capitalization
  companies may be subject to more abrupt or erratic market movements than securities
  of larger, more established companies. Generally the smaller the company size, the
  greater the risk. Small and mid capitalization companies may have limited product
  lines or financial resources, or may be dependent upon a small or inexperienced
  management group and their securities may trade less frequently and in lower volume
  than the securities of larger companies, which could lead to higher transaction costs.

o Valuation Risk: The risk that the Fund has valued certain of its securities at a
  higher price than it can sell them.
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 Fund's performance information is only shown when the Fund has had a full
calendar year of operations.  The Fund does not yet have a full calendar year
of operations, accordingly, there is no performance information included in
this Prospectus.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The Fund's performance information is only shown when the Fund has had a full calendar year of operations.
Origin International Equity Fund (Prospectus Summary) | Origin International Equity Fund | Class I 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) (as a percentage of the lower of the original purchase price or the net asset value at redemption) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of amount redeemed within 30 days of purchase) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 0.90%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.41% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31% [2]
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.06%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.25% [2]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2015-08-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 127
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 397
[1] "Other Expenses" are based on estimated amounts for the current fiscal year.
[2] Origin Asset Management LLP ("Origin" or the "Adviser") has contractually agreed to reduce its advisory fee and/or reimburse certain expenses of the Fund to the extent necessary to ensure that the Fund's total operating expenses (excluding any class-specific fees and expenses, interest, extraordinary items, "Acquired Fund fees and expenses" and brokerage commissions) do not exceed 1.25% (on an annual basis) of average daily net assets of the Fund (the "Expense Limitation"). The Expense Limitation will remain in place until August 31, 2015, unless the Board of Trustees of FundVantage Trust (the "Trust") approves its earlier termination. The Adviser is entitled to recoup, subject to approval by the Board of Trustees, such amounts reduced or reimbursed for a period of up to three (3) years from the year in which the Adviser reduced its compensation and/or assumed expenses for the Fund. No recoupment will occur unless the Fund's expenses are below the Expense Limitation.
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XML 16 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Sep. 28, 2012
Registrant Name dei_EntityRegistrantName FundVantage Trust
Central Index Key dei_EntityCentralIndexKey 0001388485
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Sep. 28, 2012
Document Effective Date dei_DocumentEffectiveDate Sep. 28, 2012
Origin International Equity Fund (Prospectus Summary) | Origin International Equity Fund | Class I Shares
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol OINTX
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