XML 14 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Jan. 20, 2012
Accuvest Global Opportunities ETF (Prospectus Summary) | Accuvest Global Opportunities ETF
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return, Heading rr_RiskReturnHeading ACCUVEST GLOBAL OPPORTUNITIES ETF
Investment Objective, Heading rr_ObjectiveHeading INVESTMENT OBJECTIVE
investment Objective, Primary rr_ObjectivePrimaryTextBlock
The Accuvest Global Opportunities ETF (the "Fund") seeks long-term capital
appreciation in excess of global equity benchmarks such as the MSCI All Country
World Index.
Expense, Heading rr_ExpenseHeading FUND FEES AND EXPENSES
Expense, Narrative rr_ExpenseNarrativeTextBlock
This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund. Most investors will incur customary brokerage commissions
when buying or selling shares of the Fund, which are not reflected in the table
below.
Shareholder Fees, Caption rr_ShareholderFeesCaption SHAREHOLDER FEES (fees paid directly from your investment) None
Operating Expenses, Caption 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 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 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
Total Annual Fund Operating Expenses or in the Example, affect the Fund's
performance. This rate excludes the value of portfolio securities received or
delivered as a result of in-kind creations or redemptions of the Fund's shares.
Expense, Exchange Traded Fund, Commissions rr_ExpenseExchangeTradedFundCommissions Most investors will incur customary brokerage commissions when buying or selling shares of the Fund, which are not reflected in the table below.
Other Expenses, New Fund, Based on Estimates rr_OtherExpensesNewFundBasedOnEstimates Because the Fund is new, "Other Expenses" are based on estimated amounts for the current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates rr_AcquiredFundFeesAndExpensesBasedOnEstimates "Acquired Fund Fees and Expenses" are based upon estimated amounts for the current fiscal year.
Expenses, Not Correlated to Ratio Due to Acquired Fund Fees rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees The Total Annual Fund Operating Expenses in this fee table may not correlate to the expense ratios in the Fund's financial highlights (and the Fund's financial statements) because the financial highlights include only the Fund's direct operating expenses and do not include Acquired Fund Fees and Expenses.
Expense Example, Heading rr_ExpenseExampleHeading EXAMPLE
Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock
This Example is intended to help you compare the cost of investing in the shares
of the Fund with the cost of investing in other funds. This Example does not
take into account creation or redemption transaction fees, or the brokerage
commissions that you pay when purchasing or selling shares of the Fund. If
commissions were included, your costs would be higher.

The Example assumes that you invest $10,000 in the Fund for the time periods
indicated and then sell 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:
Investment Strategy, Heading rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Investment Strategy, Narrative rr_StrategyNarrativeTextBlock
The Fund is a "fund-of-funds" that seeks to achieve its investment objective by
investing primarily in other exchange-traded funds (the "Underlying ETFs").
Accuvest Global Advisors (the "Sub-Advisor") seeks to achieve the Fund's
investment objective by investing in Underlying ETFs that provide diversified
exposure to select economies around the world. The Sub-Advisor ranks countries
on a monthly basis using its proprietary country ranking model in order to
determine their relative attractiveness. The Sub-Advisor then endeavors to
invest in Underlying ETFs, which may be both affiliated and unaffiliated with
the Fund, that individually or in combination correspond generally to the price
and yield performance of the specific countries (or regions) identified as most
attractive by the model.  The Sub-Advisor believes that attractive returns can
only be achieved by actively structuring portfolios distinct from simply
tracking market indices. As a result, the Fund's portfolio will be invested only
in countries with the highest rankings as identified by the Sub-Advisor's
proprietary country ranking process.
Risk, Heading rr_RiskHeading PRINCIPAL RISKS OF INVESTING IN THE FUND
Risk, Narrative rr_RiskNarrativeTextBlock
The Fund is subject to a number of risks that may affect the value of its
shares, including:

Allocation Risk. The Fund's particular allocations may have a significant effect
on the Fund's performance. Allocation risk is the risk that the selection of the
Underlying ETFs and the allocation of assets among the Underlying ETFs will
cause the Fund to underperform (i) other funds with similar investment
objectives that do not allocate their assets in the same manner or (ii) the
market as a whole.

Early Closing Risk. An unanticipated early closing of the NYSE Arca, Inc. (the
"Exchange") may result in a shareholder's inability to buy or sell shares of the
Fund on that day.

Investment Risk. As with all investments, an investment in the Fund is subject
to investment risk. Investors in the Fund could lose money, including the
possible loss of the entire principal amount of an investment, over short or
even long periods of time.

Liquidity Risk. Trading in shares of the Fund or an Underlying ETF may be halted
because of market conditions or for reasons that, in the view of the Exchange,
make trading in shares inadvisable. In addition, although the Fund's shares are
currently listed on the Exchange, there can be no assurance that an active
trading market for the shares will develop or be maintained.

Market Risk. Due to market conditions, the Fund's investments may fluctuate
significantly from day to day. This volatility may cause the value of your
investment in the Fund to decrease.

Trading Risk. Shares of the Fund may trade below their net asset value
("NAV"). The NAV of shares will fluctuate with changes in the market value of
the Fund's holdings.

Underlying ETF Investment Risk. Through its investments in the Underlying ETFs,
the Fund will be subject to the risks associated with the Underlying ETFs'
investments, including the possibility that the value of the securities held by
an Underlying ETF could decrease. These risks include any combination of the
risks described below. The Fund's exposure to a particular risk will be
proportionate to the Fund's overall allocation to the Underlying ETFs and the
Underlying ETFs' exposure to various security types and geographic regions.

  o Emerging Markets Risk. There is an increased risk of price volatility
    associated with an Underlying ETF's investments in emerging market countries,
    which may be magnified by currency fluctuations relative to the U.S. dollar.

  o Equity Risk. The prices of equity securities in which an Underlying ETF
    invests rise and fall daily. These price movements may result from factors
    affecting individual companies, industries or the securities market as a
    whole.

  o Foreign Currency Risk. Currency movements may negatively impact the value of
    an Underlying ETF security even when there is no change in the value of the
    security in the issuer's home country. Certain of the Underlying ETFs may not
    hedge against the risk of currency exchange rate fluctuations, while other
    Underlying ETFs may if there is volatility in currency exchange rates.

  o Foreign Securities Risk. An Underlying ETF's investments in securities of
    foreign issuers involve certain risks including, but not limited to, risks of
    adverse changes in foreign economic, political, regulatory and other
    conditions, or changes in currency exchange rates or exchange control
    regulations (including limitations on currency movements and exchanges). In
    certain countries, legal remedies available to investors may be more limited
    than those available with respect to investments in the United States. In
    addition, the securities of some foreign companies may be less liquid and, at
    times, more volatile than securities of comparable U.S. companies.

  o Geographic Investment Risk. Each Underlying ETF invests a significant portion
    of its assets in the securities of issuers organized in one or more
    jurisdictions around the world, or in securities or instruments that provide
    exposure to such issuers. As such, each Underlying ETF is likely to be
    impacted by economic conditions or events affecting the particular market or
    markets reflected by its name. For example, political and economic conditions
    and changes in regulatory, tax, or economic policy in a country could
    significantly affect the market in that country and in surrounding or related
    countries and have a negative impact on the Underlying ETF's
    performance. Initially the Fund is expected to have significant exposure to
    the regions listed below. The Sub-Advisor anticipates, however, that the
    Fund's exposure to particular regions and countries will vary greatly and may
    change frequently.

ASIA. To the extent an Underlying ETF's investments have significant investment
exposure to Asia, the Underlying ETF will be susceptible to loss due to adverse
market, political, regulatory, and geographic events affecting that region.
While certain Asian economies are exemplars of growth and development others
have been and continue to be subject, to some extent, to over-extension of
credit, currency devaluations and restrictions, high unemployment, high
inflation, decreased exports and economic recessions.

EASTERN EUROPE. An Underlying ETF's investments may have significant exposure to
companies located in Eastern Europe. Because of this, companies in the
Underlying ETF's portfolio may react similarly to political, social, and
economic developments in any of the Eastern European countries.

EUROPE. Developed and emerging market countries in Europe will be significantly
affected by the fiscal and monetary controls of the European Monetary Union.
Changes in regulations on trade, decreasing imports or exports, changes in the
exchange rate of the euro and recessions among European countries may have a
significant adverse effect on the economies of other European countries.

PACIFIC REGION. Many of the Pacific region economies can be exposed to high
inflation rates, undeveloped financial services sectors, and heavy reliance on
international trade. The region's economies are also dependent on the economies
of Asia, Europe and the United States and, in particular, on the price and
demand for agricultural products and natural resources.

NORTH AMERICA. The United States is Canada's largest trading and investment
partner and the Canadian economy is significantly affected by developments in
the U.S. economy. The United States is also a significant trading partner of
many emerging markets in which the Underlying ETFs invest. Decreasing U.S.
imports, new trade regulations, changes in the U.S. dollar exchange rates or a
recession in the United States may have an adverse impact on these markets.

  o Investment Risk. Similar to an investment in the Fund, an investment in an
    Underlying ETF is not a bank deposit and is not insured or guaranteed by the
    Federal Deposit Insurance Corporation or any other government agency. The Fund
    may experience losses with respect to its investment in an Underlying ETF.
    Further, there is no guarantee that an Underlying ETF will be able to achieve
    its investment objective.

  o Large-Cap Risk. An Underlying ETF may invest in large-cap companies. Returns
    on investments in stocks of large U.S. companies could trail the returns on
    investments in stocks of small- and mid-cap companies or the market as a
    whole.

  o Mid-Cap Risk. An Underlying ETF may invest in mid-cap companies. Mid-sized
    companies may be more volatile and more likely than large-cap companies to
    have limited product lines, markets or financial resources, or depend on a few
    key employees. Returns on investments in stocks of mid-cap companies could
    trail the returns on investments in stocks of larger or smaller companies or
    the market as a whole.

  o Small-Cap Risk. An Underlying ETF may invest in small-cap companies. Small-cap
    companies may be more vulnerable than larger, more established organizations
    to adverse business or economic developments. In particular, small-cap
    companies may have limited product lines, markets, and financial resources and
    may be dependent upon a relatively small management group. These securities
    may be listed on an exchange or trade over-the-counter, and may or may not pay
    dividends. During a period when small-cap stocks fall behind other types of
    investments - large-cap stocks, for instance - the Underlying ETF's
    performance could be adversely affected.

  o Tracking Error Risk. An Underlying ETF's manager may not be able to cause the
    Fund's performance to correspond to that of the Underlying ETF's benchmark,
    either on a daily or aggregate basis. Tracking error may cause the Underlying
    ETF's performance to be less than expected.

As with any fund, there is no guarantee that the Fund will achieve its
investment objective.
Risk, Lose Money rr_RiskLoseMoney Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or even long periods of time.
Risk, Not Insured Depository Institution rr_RiskNotInsuredDepositoryInstitution Similar to an investment in the Fund, an investment in an Underlying ETF is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table, Heading rr_BarChartAndPerformanceTableHeading FUND PERFORMANCE
Performance, Narrative rr_PerformanceNarrativeTextBlock
The Fund is new and therefore does not have a performance history for a full
calendar year.
Performance, One Year or Less rr_PerformanceOneYearOrLess The Fund is new and therefore does not have a performance history for a full calendar year.
Accuvest Global Opportunities ETF (Prospectus Summary) | Accuvest Global Opportunities ETF | Accuvest Global Opportunities ETF
 
Risk Return [Abstract] rr_RiskReturnAbstract  
MANAGEMENT FEES rr_ManagementFeesOverAssets 0.95%
DISTRIBUTION (12b-1) FEES rr_DistributionAndService12b1FeesOverAssets none
OTHER EXPENSES rr_OtherExpensesOverAssets 0.28% [1]
ACQUIRED FUND FEES AND EXPENSES rr_AcquiredFundFeesAndExpensesOverAssets 0.55% [2]
TOTAL ANNUAL FUND OPERATING EXPENSES rr_ExpensesOverAssets 1.78% [3]
Expense Example, With Redemption, 1 Year rr_ExpenseExampleYear01 181
Expense Example, With Redemption, 3 Years rr_ExpenseExampleYear03 561
[1] Because the Fund is new, "Other Expenses" are based on estimated amounts for the current fiscal year. If "Other Expenses" exceeds the estimated amount and causes the Fund's Total Annual Fund Operating Expenses to exceed 1.25% (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses) (the "Fee Cap"), the Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep the Fund's Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses) from exceeding the Fee Cap for at least a year from the date of this Prospectus. The Fee Cap arrangement (i) may be terminated at any time by the Board of Trustees, and (ii) will be terminated upon termination of the investment advisory agreement between the Advisor and the Fund.
[2] As a shareholder in certain Underlying ETFs (the "Acquired Funds"), the Fund will indirectly bear its proportionate share of the fees and expenses of the Acquired Funds. "Acquired Fund Fees and Expenses" are based upon estimated amounts for the current fiscal year.
[3] The Total Annual Fund Operating Expenses in this fee table may not correlate to the expense ratios in the Fund's financial highlights (and the Fund's financial statements) because the financial highlights include only the Fund's direct operating expenses and do not include Acquired Fund Fees and Expenses.