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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Portfolio Turnover [Text Block]</Label></Row><Row FlagID="0"><Id>14</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

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</LabelSeparator><Level>3</Level><ElementName>rr_ExpenseExampleHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;EXAMPLE&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Heading for Expense Example.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Expense Example [Heading]</Label></Row><Row FlagID="0"><Id>17</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>3</Level><ElementName>rr_ExpenseExampleNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt; 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. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt; 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&#x2019;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:&lt;br/&gt;&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_StrategyHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;PRINCIPAL INVESTMENT STRATEGIES&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_StrategyNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;AthenaInvest Advisors, LLC (the &amp;#8220;Sub-Advisor&amp;#8221;) seeks to achieve the Fund&amp;#39;s investment objective by short selling a portfolio of U.S.-traded securities of non-U.S. organizations, most often American Depositary Receipts (&amp;#8220;ADRs&amp;#8221;). The Fund may also invest in long or short positions in foreign exchange-traded equity securities of foreign domiciled companies, exchange-traded funds (&amp;#8220;ETFs&amp;#8221;) registered pursuant to the 1940 Act, exchange-traded notes (&amp;#8220;ETNs&amp;#8221;), and other exchange-traded products (&amp;#8220;ETPs&amp;#8221;). The Sub-Advisor may invest in the securities of issuers of any capitalization range. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;On a day-to-day basis, the Fund may hold U.S. government securities, short-term high quality fixed income securities, money market instruments, overnight and fixed-term repurchase agreements, cash and cash equivalents with maturities of one year or less for investment purposes and to cover its short positions.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_RiskHeading</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;PRINCIPAL RISKS OF INVESTING IN THE FUND&lt;/font&gt;&lt;/b&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>Narrative Risk Disclosure.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_RiskNarrativeTextBlock</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>&lt;!--DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd" --&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;The Fund is subject to a number of risks that may affect the value of its shares, including:&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;American Depositary Receipt (ADR) Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;ADRs have the same currency and economic risks as the underlying non-U.S. shares they represent. They are affected by the risks associated with non-U.S. securities, such as changes in political or economic conditions of other countries and changes in the exchange rates of foreign currencies. In addition, investments in ADRs may be less liquid than the underlying securities in their primary trading market&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Early Closing Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;An unanticipated early closing of the NYSE Arca, Inc. (the &amp;#8220;Exchange&amp;#8221;) may result in a shareholder&amp;#39;s inability to buy or sell shares of the Fund on that day.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Equity Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;The prices of equity securities in which the Fund holds short positions may rise and fall daily. These price movements may result from factors affecting individual issuers, industries or the stock market as a whole.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Exchange-Traded Note (ETN) Risk.&lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt; ETNs are senior, unsecured unsubordinated debt securities issued by an underwriting bank that are designed to provide returns that are linked to a particular benchmark less investor fees. ETNs have a maturity date and generally, are backed only by the creditworthiness of the issuer. As a result, the value of an ETN may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in the underlying market (e.g., the commodities market), changes in the applicable interest rates, and changes in the issuer&amp;#39;s credit rating and economic, legal, political or geographic events that affect the referenced market. ETNs also may be subject to commodities market risk and credit risk.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Exchange-Traded Vehicle Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;The Fund may invest in (or short) ETFs, ETNs and ETPs. Through its positions in ETFs, ETNs and ETPs, the Fund will be subject to the risks associated with such vehicle&amp;#39;s investments, or reference assets in the case of ETNs, including the possibility that the value of the securities or instruments held by an ETF, ETN or ETP could decrease (or increase in the case of short positions). Lack of liquidity in an ETP, ETN, or ETF can result in its value being more volatile than the underlying portfolio investment. In addition, certain of the ETNs and other ETPs may hold common portfolio positions, thereby reducing any diversification benefits. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Foreign Investment Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;The Fund&amp;#39;s investments in securities of foreign issuers, including ADRs, may involve certain risks that are greater than those associated with investments in securities of U.S. issuers. These include risks of adverse changes in foreign economic, political, regulatory and other conditions; changes in currency exchange rates or exchange control regulations (including limitations on currency movements and exchanges); differing accounting, auditing, financial reporting and legal standards and practices; differing securities market structures; and higher transaction costs.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Issuer Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;From time to time the Fund may have exposure via its short positions to a limited number of issuers. During such times, the Fund is more susceptible to the risk that an issuer&amp;#39;s securities may appreciate in value.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Investment Risk.&lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt; 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.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Large-Capitalization Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Returns on investments in stocks of large U.S. companies could trail the returns on investments in stocks of smaller and mid-sized companies. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Liquidity Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Trading in shares of the Fund may be halted because of market conditions or for reasons that, in the view of the Exchange, make trading in shares inadvisable. In addition, trading in listed securities is subject to trading halts caused by extraordinary market volatility pursuant to &amp;#8220;circuit breaker&amp;#8221; rules. The Fund&amp;#39;s investments in ETNs and certain other ETPs may be subject to restrictions on the amount and timing of any redemptions, which may adversely affect the value of the Fund&amp;#39;s portfolio holdings.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Market Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Due to market conditions, the value of the Fund&amp;#39;s investments may fluctuate significantly from day to day. Price fluctuations may be temporary or may last for extended periods. This volatility may cause the value of your investment in the Fund to decrease. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Mid-Capitalization Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Mid-sized companies may be more volatile and more likely than large-capitalization companies to have limited product lines, markets or financial resources, or depend on a few key employees. Returns on investments in stocks of mid-sized companies could trail the returns on investments in stocks of larger or smaller companies. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Portfolio Turnover Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;The Fund&amp;#39;s investment strategy may result in relatively high portfolio turnover, which may result in increased transaction costs and may lower Fund performance.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Short Sales Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Short sales are transactions in which the Fund sells a security it does not own. To complete the transaction, the Fund must borrow the security to make delivery to the buyer. The Fund is then obligated to replace the security borrowed by purchasing the security at the market price at the time of replacement. The price at such time may be higher or lower than the price at which the security was sold by the Fund. If the underlying security goes down in price between the time the Fund sells the security and buys it back, the Fund will realize a gain on the transaction. Conversely, if the underlying security goes up in price during the period, the Fund will realize a loss on the transaction. Any such loss is increased by the amount of premium or interest the Fund must pay to the lender of the security. Likewise, any gain will be decreased by the amount of premium or interest the Fund must pay to the lender of the security. Because a short position loses value as the security&amp;#39;s price increases, the loss on a short sale is theoretically unlimited. Short sales involve leverage because the Fund borrows securities and then sells them, effectively leveraging its assets. The use of leverage may magnify gains or losses for the Fund.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Small-Capitalization Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Small-capitalization companies may be more vulnerable than larger, more established organizations to adverse business or economic developments. In particular, small-capitalization 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 Fund&amp;#39;s performance could be reduced. &lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160; &lt;/font&gt;&lt;/b&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Trading Risk. &lt;/font&gt;&lt;/b&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;Shares of the Fund may trade below their net asset value (&amp;#8220;NAV&amp;#8221;). The NAV of shares will fluctuate with changes in the market value of the Fund&amp;#39;s holdings. In addition, although the Fund&amp;#39;s shares are currently listed on the Exchange, there can be no assurance that an active trading market for shares will develop or be maintained.&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;&amp;#160;&lt;/font&gt;&lt;/p&gt; &lt;p style="margin:0in;margin-bottom:.0001pt;text-align:justify;"&gt;&lt;font lang="EN-US" style="font-family:Times New Roman,serif;font-size:10.0pt;"&gt;As with any fund, there is no guarantee that the Fund will achieve its investment objective.&lt;/font&gt;&lt;/p&gt;</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>nonnum:textBlockItemType</ElementDataType><SimpleDataType>na</SimpleDataType><ElementDefenition>Narrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_PerformanceAvailabilityWebSiteAddress</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context3" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText>www.advisorshares.com</NonNumbericText><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><ElementDefenition>If applicable, include a statement explaining that updated performance information is available and providing a Website address and/or toll-free (or collect) telephone number where the updated information may be obtained.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>2</Level><ElementName>rr_RiskReturnAbstract</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="" UnitID=""><Id>1</Id><IsNumeric>false</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>false</DisplayZeroAsNone><NumericAmount>0</NumericAmount><RoundedNumericAmount>0</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>xbrli:stringItemType</ElementDataType><SimpleDataType>string</SimpleDataType><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>Risk/Return:</Label></Row><Row FlagID="0"><Id>30</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>3</Level><ElementName>rr_ManagementFeesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0135</NumericAmount><RoundedNumericAmount>0.0135</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>Management Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_DistributionAndService12b1FeesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0000</NumericAmount><RoundedNumericAmount>0.0000</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>Distribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_Component1OtherExpensesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0076</NumericAmount><RoundedNumericAmount>0.0076</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer>[1]</FootnoteIndexer><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>The Fund may subdivide this caption into no more than three subcaptions that identify the largest expense or expenses comprising "Other Expenses," but must include a total of all "Other Expenses." Alternatively, the Fund may include the components of "Other Expenses" in a parenthetical to the caption.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>OTHER EXPENSES</Label></Row><Row FlagID="0"><Id>33</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>3</Level><ElementName>rr_Component2OtherExpensesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0050</NumericAmount><RoundedNumericAmount>0.0050</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>The Fund may subdivide this caption into no more than three subcaptions that identify the largest expense or expenses comprising "Other Expenses," but must include a total of all "Other Expenses." Alternatively, the Fund may include the components of "Other Expenses" in a parenthetical to the caption.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>SHORT INTEREST EXPENSE</Label></Row><Row FlagID="0"><Id>34</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>3</Level><ElementName>rr_Component3OtherExpensesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0026</NumericAmount><RoundedNumericAmount>0.0026</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>The Fund may subdivide this caption into no more than three subcaptions that identify the largest expense or expenses comprising "Other Expenses," but must include a total of all "Other Expenses." Alternatively, the Fund may include the components of "Other Expenses" in a parenthetical to the caption.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>0</UnitID><Label>OTHER EXPENSES</Label></Row><Row FlagID="0"><Id>35</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>3</Level><ElementName>rr_ExpensesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>totalLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0211</NumericAmount><RoundedNumericAmount>0.0211</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>Total Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund.  Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</LabelSeparator><Level>3</Level><ElementName>rr_NetExpensesOverAssets</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>totalLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit3"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>true</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>0.0200</NumericAmount><RoundedNumericAmount>0.0200</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode /><CurrencySymbol /><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>false</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativePure4Type</ElementDataType><SimpleDataType>pure</SimpleDataType><ElementDefenition>Total Annual Fund Operating Expenses.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

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</ElementReferences><IsTotalLabel>true</IsTotalLabel><UnitID>0</UnitID><Label>TOTAL ANNUAL FUND OPERATING EXPENSES AFTER FEE WAIVER/AND OR EXPENSE REIMBURSEMENT</Label></Row><Row FlagID="0"><Id>38</Id><IsAbstractGroupTitle>false</IsAbstractGroupTitle><LabelSeparator>

</LabelSeparator><Level>3</Level><ElementName>rr_ExpenseExampleYear01</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit261"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>153</NumericAmount><RoundedNumericAmount>153</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode>USD</CurrencyCode><CurrencySymbol>$</CurrencySymbol><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>true</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativeMonetaryType</ElementDataType><SimpleDataType>monetary</SimpleDataType><ElementDefenition>The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Form

 -Number N-1A

 -Chapter A

 -Section 3

 -Subsection instructions

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</LabelSeparator><Level>3</Level><ElementName>rr_ExpenseExampleYear03</ElementName><ElementPrefix>rr_</ElementPrefix><IsBaseElement>false</IsBaseElement><BalanceType>na</BalanceType><PeriodType>duration</PeriodType><IsReportTitle>false</IsReportTitle><IsSegmentTitle>false</IsSegmentTitle><IsCalendarTitle>false</IsCalendarTitle><IsEquityPrevioslyReportedAsRow>false</IsEquityPrevioslyReportedAsRow><IsEquityAdjustmentRow>false</IsEquityAdjustmentRow><IsBeginningBalance>false</IsBeginningBalance><IsEndingBalance>false</IsEndingBalance><IsReverseSign>false</IsReverseSign><PreferredLabelRole>terseLabel</PreferredLabelRole><FootnoteIndexer /><Cells><Cell FlagID="0" ContextID="Context4" UnitID="Unit261"><Id>1</Id><IsNumeric>true</IsNumeric><IsRatio>false</IsRatio><DisplayZeroAsNone>true</DisplayZeroAsNone><NumericAmount>497</NumericAmount><RoundedNumericAmount>497</RoundedNumericAmount><NonNumbericText /><FootnoteIndexer /><CurrencyCode>USD</CurrencyCode><CurrencySymbol>$</CurrencySymbol><IsIndependantCurrency>false</IsIndependantCurrency><ShowCurrencySymbol>true</ShowCurrencySymbol><DisplayDateInUSFormat>false</DisplayDateInUSFormat></Cell></Cells><ElementDataType>rr:NonNegativeMonetaryType</ElementDataType><SimpleDataType>monetary</SimpleDataType><ElementDefenition>The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.</ElementDefenition><ElementReferences>Reference 1: http://www.xbrl.org/2003/role/presentationRef

 -Publisher SEC

 -Name Form

 -Number N-1A

 -Chapter A

 -Section 3

 -Subsection example

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</ElementReferences><IsTotalLabel>false</IsTotalLabel><UnitID>2</UnitID><Label>Expense Example, with Redemption, 3 Years</Label></Row></Rows><Footnotes><Footnote><NoteId>1</NoteId><Note>Because the Fund is new, "Other Expenses" are based on estimated amounts for the current fiscal year.</Note></Footnote><Footnote><NoteId>2</NoteId><Note>AdvisorShares Investments, LLC (the "Advisor") has contractually agreed to reduce its fees and/or reimburse expenses in order to keep net expenses (excluding amounts payable to any plan in accordance with Rule 12b-1, interest expense, taxes, brokerage commissions, Acquired Fund Fees and Expenses, other expenditures which are capitalized in accordance with generally accepted accounting principles, and extraordinary expenses) from exceeding 1.50% of the Fund's average daily net assets for a year from the date of this Prospectus and for an indefinite period thereafter subject to annual approval by the AdvisorShares Trust Board of Trustees (the "Board"). The expense limitation agreement (i) may be terminated at any time by the Board and (ii) will be terminated upon termination of the investment advisory agreement between the Advisor and the Fund.</Note></Footnote></Footnotes><IsEquityReport>false</IsEquityReport><ReportName>Risk/Return Detail Data (USD $)</ReportName><MonetaryRoundingLevel>NoRounding</MonetaryRoundingLevel><SharesRoundingLevel>UnKnown</SharesRoundingLevel><PerShareRoundingLevel>UnKnown</PerShareRoundingLevel><ExchangeRateRoundingLevel>UnKnown</ExchangeRateRoundingLevel><HasCustomUnits>true</HasCustomUnits><IsEmbedReport>false</IsEmbedReport><IsMultiCurrency>false</IsMultiCurrency><ReportType>Sheet</ReportType><RoleURI>http://www.advisorshares.com/role/RRDetailData5</RoleURI><NumberOfCols>1</NumberOfCols><NumberOfRows>39</NumberOfRows></InstanceReport>
