0001464413-13-000235.txt : 20130816 0001464413-13-000235.hdr.sgml : 20130816 20130816154739 ACCESSION NUMBER: 0001464413-13-000235 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130816 DATE AS OF CHANGE: 20130816 EFFECTIVENESS DATE: 20130816 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Starboard Investment Trust CENTRAL INDEX KEY: 0001464413 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-159484 FILM NUMBER: 131045246 BUSINESS ADDRESS: STREET 1: 116 SOUTH FRANKLIN STREET STREET 2: POST OFFICE BOX 69 CITY: ROCKY MOUNT STATE: NC ZIP: 27802-0069 BUSINESS PHONE: 252-972-9922 EXT.249 MAIL ADDRESS: STREET 1: 116 SOUTH FRANKLIN STREET STREET 2: POST OFFICE BOX 69 CITY: ROCKY MOUNT STATE: NC ZIP: 27802-0069 0001464413 S000037782 Arin Large Cap Theta Fund C000116540 Institutional Class Shares AVOLX C000116541 Advisor Class Shares AVOAX C000116542 Wirehouse Class Shares AVOWX 497 1 r497exbrl0813.htm STARBOARD INVESTMENT TRUST - ARIN LARGE CAP THETA FUND r497exbrl0813.htm
STARBOARD INVESTMENT TRUST
116 South Franklin Street
Post Office Box 69
Rocky Mount, North Carolina 27802
(252) 972-9922

August 16, 2013

VIA EDGAR

Securities and Exchange Commission
Filing Desk
100 F Street, N.E.
Washington, DC 20549

RE:
Starboard Investment Trust (File Nos.  333-159484 and 811-22298), on behalf of the Arin Large Cap Theta Fund, a series of the Trust
 

Ladies and Gentlemen:

On behalf of the Fund, and pursuant to Rule 497(e) of the General Rules and Regulations under the Securities Act of 1933, as amended, this filing is being made for the sole purpose of submitting an interactive data file as required by Rule 405 of Regulation S-T.  The interactive data file included as an exhibit to this filing relates to a Supplemented Prospectus and Statement of Information which was filed with the Securities and Exchange Commission on July 26, 2013.


If you have any questions concerning the foregoing, please contact the undersigned at 252-972-9922, extension 249.

Yours truly,
Starboard Investment Trust

/s/ A. Vason Hamrick

A. Vason Hamrick
Secretary

 
 

 

Exhibit Index

Exhibit Number
Description
EX-101.INS
XBRL Instance Document
EX-101.SCH
XBRL Taxonomy Extension Schema Document
EX-101.CAL
XBRL Taxonomy Extension Calculation Linkbase
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 cik0001464413-20130726.xml XBRL INSTANCE DOCUMENT 0001464413 cik0001464413:WirehouseClassMember cik0001464413:S000037782Member cik0001464413:C000116542Member 2012-07-19 2012-07-19 0001464413 cik0001464413:InstitutionalAndAdvisorClassMember cik0001464413:S000037782Member cik0001464413:C000116541Member 2012-07-19 2012-07-19 0001464413 cik0001464413:InstitutionalAndAdvisorClassMember cik0001464413:S000037782Member cik0001464413:C000116540Member 2012-07-19 2012-07-19 0001464413 cik0001464413:WirehouseClassMember cik0001464413:S000037782Member 2012-07-19 2012-07-19 0001464413 cik0001464413:InstitutionalAndAdvisorClassMember cik0001464413:S000037782Member 2012-07-19 2012-07-19 0001464413 2012-07-19 2012-07-19 iso4217:USD xbrli:pure false 2013-07-26 2013-07-26 2013-07-26 Other 0001464413 Starboard Investment Trust "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year. "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year. 0.0009 0.0009 0.0009 <div> &lt;div style="display:none;" &gt;~ http://www.ncfunds.com/role/ScheduleAnnualFundOperatingExpensesArinLargeCapThetaFund column period compact * column dei_DocumentInformationDocumentAxis compact cik0001464413_InstitutionalAndAdvisorClassMember column dei_LegalEntityAxis compact cik0001464413_S000037782Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.ncfunds.com/role/ScheduleAnnualFundOperatingExpensesArinLargeCapThetaFundWirehouseClass column period compact * column dei_DocumentInformationDocumentAxis compact cik0001464413_WirehouseClassMember column dei_LegalEntityAxis compact cik0001464413_S000037782Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PERFORMANCE INFORMATION</font></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PERFORMANCE INFORMATION</font></div> 0 0.004 0.01 0 0 0 <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Example. </font></font></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Example. </font></font></div> <div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">This example shows you the expenses you may pay over time by investing in the Fund. Since all mutual funds use the same hypothetical conditions, this example should help you compare the costs of investing in the Fund versus other mutual funds. The example assumes the following conditions:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You invest $10,000 in the Fund for the periods shown;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You reinvest all dividends and distributions;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You redeem all of your shares at the end of those periods;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You earn a 5% return each year; and</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's operating expenses remain the same.</font></div></td></tr></table></div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Although your actual costs may be higher or lower, the following table shows you what your costs may be under the conditions listed above.</font></div></div> </div> <div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">This example shows you the expenses you may pay over time by investing in the Fund. Since all mutual funds use the same hypothetical conditions, this example should help you compare the costs of investing in the Fund versus other mutual funds. The example assumes the following conditions:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You invest $10,000 in the Fund for the periods shown;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You reinvest all dividends and distributions;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You redeem all of your shares at the end of those periods;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You earn a 5% return each year; and</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's operating expenses remain the same.</font></div></td></tr></table></div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Although your actual costs may be higher or lower, the following table shows you what your costs may be under the conditions listed above.</font></div></div> </div> <div> &lt;div style="display:none;" &gt;~ http://www.ncfunds.com/role/ScheduleExpenseExampleTransposedArinLargeCapThetaFund row period compact * row primary compact * column dei_DocumentInformationDocumentAxis compact cik0001464413_InstitutionalAndAdvisorClassMember column dei_LegalEntityAxis compact cik0001464413_S000037782Member column rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.ncfunds.com/role/ScheduleExpenseExampleTransposedArinLargeCapThetaFundWirehouseClass row period compact * row primary compact * column dei_DocumentInformationDocumentAxis compact cik0001464413_WirehouseClassMember column dei_LegalEntityAxis compact cik0001464413_S000037782Member column rr_ProspectusShareClassAxis compact * ~&lt;/div&gt; </div> 79 119 180 332 457 641 <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">FEES AND EXPENSES OF THE FUND</font></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">FEES AND EXPENSES OF THE FUND</font></div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></div> </div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></div> </div> 0.0117 0.0157 0.0217 -0.004 -0.004 -0.004 June 30, 2014 June 30, 2014 0.004 0.004 0.004 0 0 0 0.0077 0.0117 0.0177 <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><strong><font size="2" class="_mt">INVESTMENT OBJECTIVES</font></strong></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><strong>INVESTMENT OBJECTIVES</strong></font></div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The <font class="_mt" style="font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font> seeks maximum relative total return versus the S&amp;P 500 Stock Index through a combination of capital appreciation and current income.</font></div> </div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The <font class="_mt" style="font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font> seeks maximum relative total return versus the S&amp;P 500 Stock Index through a combination of capital appreciation and current income.</font></div> </div> <div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Annual Fund Operating Expenses</font></b><font class="_mt" style="font-family: 'Century Gothic','sans-serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(expenses that you pay each year as a percentage of the value of your investment)</font></i></p></div> <div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Annual Fund Operating Expenses</font></b><font class="_mt" style="font-family: 'Century Gothic','sans-serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(expenses that you pay each year as a percentage of the value of your investment)</font></i></p></div> "Other Expenses" are based on estimated expenses for the current fiscal year. "Other Expenses" are based on estimated expenses for the current fiscal year. 0.0068 0.0068 0.0068 <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font></font>&nbsp;&nbsp;You may request a copy of the Fund's annual and semi-annual reports, once available, at no charge by calling the Fund.</font></div> </div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font></font>&nbsp;&nbsp;You may request a copy of the Fund's annual and semi-annual reports, once available, at no charge by calling the Fund.</font></div> </div> <font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font> <font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Portfolio Turnover. </font></font></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Portfolio Turnover. </font></font></div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio).&nbsp;&nbsp;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.&nbsp;&nbsp;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.</font></div> </div> <div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio).&nbsp;&nbsp;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.&nbsp;&nbsp;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.</font></div> </div> 2012-07-19 0 0 0 <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL RISKS OF INVESTING IN THE FUND</font></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL RISKS OF INVESTING IN THE FUND</font></div> <font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font> <font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font> <div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font></font>&nbsp;&nbsp;Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested.&nbsp;&nbsp;There can be no assurance that the Fund will be successful in meeting its investment objective.&nbsp;&nbsp;Generally, the Fund will be subject to the following principal risks:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Common Stocks.&nbsp;&nbsp;</font>The Fund's investments in common stocks, both directly and indirectly through the Fund's investment in shares of other investment companies, may fluctuate in value response to many factors, including, but not limited to, the activities of the individual companies whose securities the Fund owns, general market and economic conditions, interest rates, and specific industry changes.&nbsp;&nbsp;Such price fluctuations subject the Fund to potential losses.&nbsp;&nbsp;During temporary or extended bear markets, the value of common stocks will decline, which could also result in losses for the Fund.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">ETF Risks. </font>The Fund's investments in ETFs <font class="_mt" style="display: inline;">will be subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolio of such ETFs and the value of the Fund's investment will fluctuate in response to the performance of such portfolio.&nbsp;&nbsp;The Fund's performance depends in part upon the performance of the managers and selected strategies of the ETFs, the instruments used by ETFs, and the Advisor's ability to select ETFs and effectively allocate Fund assets among them.&nbsp;&nbsp;</font>Shareholders in the Fund will indirectly bear fees and expenses charged by the ETFs in which the Fund invests in addition to the Fund's direct fees and expenses.<font class="_mt" style="display: inline;">&nbsp;&nbsp;As a result, the cost of investing in the Fund will be higher than the cost of investing directly in such ETFS and also may be higher than other funds that invest directly in securities.&nbsp;&nbsp;</font>These types of investments by the Fund could affect the timing, amount, and character of distributions and therefore may increase the amount of taxes payable by shareholders.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Futures Risk.</font> The Fund's use of stock index futures contracts may cause the value of the Fund's shares to be more volatile.&nbsp;&nbsp;Futures contracts expose the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not accurately track the underlying securities.&nbsp;&nbsp;Changes in the value of futures contracts may not track or correlate perfectly with the underlying index because of temporary, or even long-term, supply and demand imbalances and because futures do not pay dividends unlike the stocks upon which they are based.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">General Market Risk.</font> The Fund's net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities held by the Fund may be worth less than the price originally paid for them, or less than they were worth at an earlier time.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Investment Advisor Risk.&nbsp;&nbsp;</font>The Advisor's ability to choose suitable investments has a significant impact on the ability of the Fund to achieve its investment objectives.&nbsp;&nbsp;The Advisor was formed in 2009 and is registered as an investment adviser with the Securities and Exchange Commission.&nbsp;&nbsp;However, the Advisor does not have previous experience managing an investment company registered under the Investment Company Act of 1940.&nbsp;&nbsp;Accordingly, investors in the Fund bear the risk that the Advisor's inexperience managing a registered investment company may limit its effectiveness.&nbsp;&nbsp;The experience of the portfolio managers is discussed in "Management of the Fund &#8211; Investment Advisor."</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Large-Cap Securities Risk.&nbsp;&nbsp;</font>Stocks of large companies as a group can fall out of favor with the market, causing the Fund to underperform investments that have a greater focus on mid-cap or small-cap stocks. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">New Fund Risk.&nbsp;&nbsp;</font>The Fund began operating in 2013.&nbsp;&nbsp;Accordingly, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.&nbsp;&nbsp;Such a liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Operating Risk.</font>&nbsp;&nbsp;The Advisor and the Fund's administrator have entered into an Operating Plan that facilitates the administrator's assumption of the Fund's regular operating expenses under the Fund Accounting and Administration Agreement.&nbsp;&nbsp;The Operating Plan obligates the Advisor to pay certain expenses of the Fund in order to help limit its annual operating expenses.&nbsp;&nbsp;If the Advisor, however, does not have sufficient revenue to support those expenses, the Advisor may be compelled to either resign or become insolvent.&nbsp;&nbsp;In addition, if the Fund incurs expenses in excess of those that the Fund's administrator has agreed to pay and the Advisor is not able or willing to pay the excess costs, those excess costs will increase the Fund's expenses.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Purchasing Options.</font>&nbsp;&nbsp;If a call or put option purchased by the Fund is not sold when it has remaining value and if the market price of the underlying security, in the case of a call, remains less than or equal to the exercise price, or, in the case of a put, remains equal to or greater than the exercise price, the Fund will lose its entire investment in the option.&nbsp;&nbsp;Since many factors influence the value of an option, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security, the Advisor's success in implementing the Fund's strategy may depend on an ability to predict movements in the prices of individual securities, fluctuations in markets, and movements in interest rates.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a purchased option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Writing Options.&nbsp;&nbsp;</font>Writing option contracts can result in losses that exceed the Fund's initial investment and may lead to additional turnover and higher tax liability.&nbsp;&nbsp;The risk involved in writing a call option is that there could be an increase in the market value of the security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold by the Fund at a lower price than its current market value.&nbsp;&nbsp;Similarly, while writing call options can reduce the risk of owning stocks, such a strategy limits the opportunity of the Fund to profit from an increase in the market value of stocks in exchange for up-front cash at the time of selling the call option.&nbsp;&nbsp;The risk </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">involved in writing a put option is that there could be a decrease in the market value of the underlying security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold to the Fund at a higher price than its current market value.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a written option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Trading Strategies based on Volatility.</font>&nbsp;&nbsp;Trading strategies based on volatility are difficult to implement and require successful monitoring, modeling, and interpretation of market conditions.&nbsp;&nbsp;Factors other than volatility influence the value of an option and complicate the trading strategy, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security.&nbsp;&nbsp;Trading opportunities may be short-lived or limited as a result of a low trading volume in exchange-traded options, in which cases the Fund may be required to hold elevated cash balances.&nbsp;&nbsp;Transaction costs have a significant impact on the profitability of these trading strategies.</font></div></div> </div> <div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font></font>&nbsp;&nbsp;Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested.&nbsp;&nbsp;There can be no assurance that the Fund will be successful in meeting its investment objective.&nbsp;&nbsp;Generally, the Fund will be subject to the following principal risks:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Common Stocks.&nbsp;&nbsp;</font>The Fund's investments in common stocks, both directly and indirectly through the Fund's investment in shares of other investment companies, may fluctuate in value response to many factors, including, but not limited to, the activities of the individual companies whose securities the Fund owns, general market and economic conditions, interest rates, and specific industry changes.&nbsp;&nbsp;Such price fluctuations subject the Fund to potential losses.&nbsp;&nbsp;During temporary or extended bear markets, the value of common stocks will decline, which could also result in losses for the Fund.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">ETF Risks. </font>The Fund's investments in ETFs <font class="_mt" style="display: inline;">will be subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolio of such ETFs and the value of the Fund's investment will fluctuate in response to the performance of such portfolio.&nbsp;&nbsp;The Fund's performance depends in part upon the performance of the managers and selected strategies of the ETFs, the instruments used by ETFs, and the Advisor's ability to select ETFs and effectively allocate Fund assets among them.&nbsp;&nbsp;</font>Shareholders in the Fund will indirectly bear fees and expenses charged by the ETFs in which the Fund invests in addition to the Fund's direct fees and expenses.<font class="_mt" style="display: inline;">&nbsp;&nbsp;As a result, the cost of investing in the Fund will be higher than the cost of investing directly in such ETFS and also may be higher than other funds that invest directly in securities.&nbsp;&nbsp;</font>These types of investments by the Fund could affect the timing, amount, and character of distributions and therefore may increase the amount of taxes payable by shareholders.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Futures Risk.</font> The Fund's use of stock index futures contracts may cause the value of the Fund's shares to be more volatile.&nbsp;&nbsp;Futures contracts expose the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not accurately track the underlying securities.&nbsp;&nbsp;Changes in the value of futures contracts may not track or correlate perfectly with the underlying index because of temporary, or even long-term, supply and demand imbalances and because futures do not pay dividends unlike the stocks upon which they are based.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">General Market Risk.</font> The Fund's net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities held by the Fund may be worth less than the price originally paid for them, or less than they were worth at an earlier time.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Investment Advisor Risk.&nbsp;&nbsp;</font>The Advisor's ability to choose suitable investments has a significant impact on the ability of the Fund to achieve its investment objectives.&nbsp;&nbsp;The Advisor was formed in 2009 and is registered as an investment adviser with the Securities and Exchange Commission.&nbsp;&nbsp;However, the Advisor does not have previous experience managing an investment company registered under the Investment Company Act of 1940.&nbsp;&nbsp;Accordingly, </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">investors in the Fund bear the risk that the Advisor's inexperience managing a registered investment company may limit its effectiveness.&nbsp;&nbsp;The experience of the portfolio managers is discussed in "Management of the Fund &#8211; Investment Advisor."</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Large-Cap Securities Risk.&nbsp;&nbsp;</font>Stocks of large companies as a group can fall out of favor with the market, causing the Fund to underperform investments that have a greater focus on mid-cap or small-cap stocks. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">New Fund Risk.&nbsp;&nbsp;</font>The Fund began operating in 2013.&nbsp;&nbsp;Accordingly, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.&nbsp;&nbsp;Such a liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Operating Risk.</font>&nbsp;&nbsp;The Advisor and the Fund's administrator have entered into an Operating Plan that facilitates the administrator's assumption of the Fund's regular operating expenses under the Fund Accounting and Administration Agreement.&nbsp;&nbsp;The Operating Plan obligates the Advisor to pay certain expenses of the Fund in order to help limit its annual operating expenses.&nbsp;&nbsp;If the Advisor, however, does not have sufficient revenue to support those expenses, the Advisor may be compelled to either resign or become insolvent.&nbsp;&nbsp;In addition, if the Fund incurs expenses in excess of those that the Fund's administrator has agreed to pay and the Advisor is not able or willing to pay the excess costs, those excess costs will increase the Fund's expenses.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Purchasing Options.</font>&nbsp;&nbsp;If a call or put option purchased by the Fund is not sold when it has remaining value and if the market price of the underlying security, in the case of a call, remains less than or equal to the exercise price, or, in the case of a put, remains equal to or greater than the exercise price, the Fund will lose its entire investment in the option.&nbsp;&nbsp;Since many factors influence the value of an option, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security, the Advisor's success in implementing the Fund's strategy may depend on an ability to predict movements in the prices of individual securities, fluctuations in markets, and movements in interest rates.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a purchased option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Writing Options.&nbsp;&nbsp;</font>Writing option contracts can result in losses that exceed the Fund's initial investment and may lead to additional turnover and higher tax liability.&nbsp;&nbsp;The risk involved in writing a call option is that there could be an increase in the market value of the security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold by the Fund at a lower price than its current market value.&nbsp;&nbsp;Similarly, while writing call options can reduce the risk of owning stocks, such a strategy limits the opportunity of the Fund to profit from an increase in the market value of stocks in exchange for up-front cash at the time of selling the call option.&nbsp;&nbsp;The risk </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">involved in writing a put option is that there could be a decrease in the market value of the underlying security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold to the Fund at a higher price than its current market value.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a written option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Trading Strategies based on Volatility.</font>&nbsp;&nbsp;Trading strategies based on volatility are difficult to implement and require successful monitoring, modeling, and interpretation of market conditions.&nbsp;&nbsp;Factors other than volatility influence the value of an option and complicate the trading strategy, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security.&nbsp;&nbsp;Trading opportunities may be short-lived or limited as a result of a low trading volume in exchange-traded options, in which cases the Fund may be required to hold elevated cash balances.&nbsp;&nbsp;Transaction costs have a significant impact on the profitability of these trading strategies.</font></div></div> </div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 18pt; font-family: Times New Roman; font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font></div> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><strong><font size="5" class="_mt"> </font></strong> <div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Institutional Class Shares (AVOLX) </font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Advisor Class Shares (AVOAX)</font></div></div></div></div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 18pt; font-family: Times New Roman; font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font></div> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Wirehouse Class Shares (AVOWX)</font></div></div></div> <div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Shareholder Fees</font></b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(fees paid directly from your investment)</font></i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p></div> <div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Shareholder Fees</font></b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(fees paid directly from your investment)</font></i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p></div> <div> &lt;div style="display:none;" &gt;~ http://www.ncfunds.com/role/ScheduleShareholderFeesArinLargeCapThetaFund column period compact * column dei_DocumentInformationDocumentAxis compact cik0001464413_InstitutionalAndAdvisorClassMember column dei_LegalEntityAxis compact cik0001464413_S000037782Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div> &lt;div style="display:none;" &gt;~ http://www.ncfunds.com/role/ScheduleShareholderFeesArinLargeCapThetaFundWirehouseClass column period compact * column dei_DocumentInformationDocumentAxis compact cik0001464413_WirehouseClassMember column dei_LegalEntityAxis compact cik0001464413_S000037782Member column rr_ProspectusShareClassAxis compact * row primary compact * ~&lt;/div&gt; </div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL INVESTMENT STRATEGIES</font></div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL INVESTMENT STRATEGIES</font></div> <div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investment advisor, Arin Risk Advisors, LLC (the "Advisor"), seeks to achieve the Fund's investment objective by investing in a portfolio of common stocks, <font class="_mt" style="color: #010206; display: inline;">exchange-traded funds ("ETFs"), and futures contracts, </font>while also engaging in option trades that the Advisor believes will be profitable due to perceived pricing discrepancies in the options market.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">As a matter of investment policy, the Fund will invest, under normal circumstances, at least 80% of net assets, plus borrowings for investment purposes, in a portfolio of securities whose value is based on companies with market capitalizations that qualify them as "large-cap" companies.&nbsp;&nbsp;This policy may be changed without shareholder approval upon 60-days' prior notice to shareholders.&nbsp;&nbsp;The Advisor considers a company to be a "large cap" company if its </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">market capitalization falls within the range of market capitalizations of companies included in the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;<font class="_mt" style="color: #010206; display: inline;">While t</font>he Fund typically invests in common stocks, <font class="_mt" style="color: #010206; display: inline;">ETFs, futures contracts, and options</font>, it has the ability to invest in other types of equity securities, such as preferred stocks and warrants, that satisfy the Fund's investment criteria.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">A portion of the Fund's assets will be invested in securities that track the performance of the U.S. large-cap equity market.&nbsp;&nbsp;These securities include ETFs and futures contracts based on broad-based market indexes like the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;These securities may also include a group of common stocks that the Advisor believes will track the performance of the large-cap equity market.&nbsp;&nbsp;At times, a relatively high percentage of this portion of the portfolio may be invested in a single ETF or a limited number of ETFs that track broad-based market indexes.&nbsp;&nbsp;Securities will be selected based upon their ability to provide exposure to the large-cap equity market. The percentage of the Fund invested in these securities will change from time to time as the Advisor deems appropriate based on its analysis and allocation models.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Based on its exposure to the large-cap equity market, the Fund will trade options to try to take advantage of perceived pricing discrepancies in the options market.&nbsp;&nbsp;The Advisor identifies these trading opportunities by analyzing volatility.&nbsp;&nbsp;The market price of an option is partially based on the expected volatility, or potential variation in price over time, of its underlying asset.&nbsp;&nbsp;The Advisor evaluates differences between the volatility implied by the market price of a call option and the future volatility of its underlying security as forecast by the Advisor.&nbsp;&nbsp;By analyzing the implied and forecasted volatilities of a security, and comparing them to the implied and forecasted volatilities of the large-cap equity market, the Advisor attempts to identify situations where a call option is relatively overvalued.&nbsp;&nbsp;The Advisor then establishes a short position by selling the call option or establishes a position that is intended to achieve a similar result through a combination of long and short positions on call and put options.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">In selecting the options that the Fund will trade, the Advisor first identifies exchange-traded options with a trading volume sufficient to preclude the Fund's trades from influencing prices.&nbsp;&nbsp;The Advisor then evaluates the available investment opportunities with a proprietary trading algorithm that assists the Advisor in determining when to buy and sell options.&nbsp;&nbsp;The algorithm provides a scoring system based upon technical indicators and price patterns, </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">observed market statistics, fundamental research, factor risk modeling, and economic indicators.&nbsp;&nbsp;The Advisor also allocates a portion of the Fund's assets to cash or cash equivalents, including money-market instruments and money-market mutual funds.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investments in options, futures, or similar instruments will comply with the applicable requirements of the Investment Company Act of 1940, including, but not limited to, Section 18 thereof and relevant interpretive positions of the staff of the Securities and Exchange Commission regarding the use of such instruments.</font></div></div></div> </div> <div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investment advisor, Arin Risk Advisors, LLC (the "Advisor"), seeks to achieve the Fund's investment objective by investing in a portfolio of common stocks, <font class="_mt" style="color: #010206; display: inline;">exchange-traded funds ("ETFs"), and futures contracts, </font>while also engaging in option trades that the Advisor believes will be profitable due to perceived pricing discrepancies in the options market.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">As a matter of investment policy, the Fund will invest, under normal circumstances, at least 80% of net assets, plus borrowings for investment purposes, in a portfolio of securities whose value is based on companies with market capitalizations that qualify them as "large-cap" companies.&nbsp;&nbsp;This policy may be changed without shareholder approval upon 60-days' prior notice to shareholders.&nbsp;&nbsp;The Advisor considers a company to be a "large cap" company if its </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">market capitalization falls within the range of market capitalizations of companies included in the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;<font class="_mt" style="color: #010206; display: inline;">While t</font>he Fund typically invests in common stocks, <font class="_mt" style="color: #010206; display: inline;">ETFs, futures contracts, and options</font>, it has the ability to invest in other types of equity securities, such as preferred stocks and warrants, that satisfy the Fund's investment criteria.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">A portion of the Fund's assets will be invested in securities that track the performance of the U.S. large-cap equity market.&nbsp;&nbsp;These securities include ETFs and futures contracts based on broad-based market indexes like the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;These securities may also include a group of common stocks that the Advisor believes will track the performance of the large-cap equity market.&nbsp;&nbsp;At times, a relatively high percentage of this portion of the portfolio may be invested in a single ETF or a limited number of ETFs that track broad-based market indexes.&nbsp;&nbsp;Securities will be selected based upon their ability to provide exposure to the large-cap equity market. The percentage of the Fund invested in these securities will change from time to time as the Advisor deems appropriate based on its analysis and allocation models.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Based on its exposure to the large-cap equity market, the Fund will trade options to try to take advantage of perceived pricing discrepancies in the options market.&nbsp;&nbsp;The Advisor identifies these trading opportunities by analyzing volatility.&nbsp;&nbsp;The market price of an option is partially based on the expected volatility, or potential variation in price over time, of its underlying asset.&nbsp;&nbsp;The Advisor evaluates differences between the volatility implied by the market price of a call option and the future volatility of its underlying security as forecast by the Advisor.&nbsp;&nbsp;By analyzing the implied and forecasted volatilities of a security, and comparing them to the implied and forecasted volatilities of the large-cap equity market, the Advisor attempts to identify situations where a call option is relatively overvalued.&nbsp;&nbsp;The Advisor then establishes a short position by selling the call option or establishes a position that is intended to achieve a similar result through a combination of long and short positions on call and put options.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">In selecting the options that the Fund will trade, the Advisor first identifies exchange-traded options with a trading volume sufficient to preclude the Fund's trades from influencing prices.&nbsp;&nbsp;The Advisor then evaluates the available investment opportunities with a proprietary trading algorithm that assists the Advisor in determining when to buy and sell options.&nbsp;&nbsp;The algorithm provides a scoring system based upon technical indicators and price patterns, observed market statistics, fundamental research, factor risk modeling, and economic indicators.&nbsp;&nbsp;The Advisor also allocates a portion of the Fund's assets to cash or cash equivalents, including money-market instruments and money-market mutual funds.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investments in options, futures, or similar instruments will comply with the applicable requirements of the Investment Company Act of 1940, including, but not limited to, Section 18 thereof and relevant interpretive positions of the staff of the Securities and Exchange Commission regarding the use of such instruments.</font></div></div></div> </div> Since the Fund is newly organized, "Other Expenses" are based on estimated expenses for the current fiscal year. "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. Since the Fund is newly organized, "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year. Since the Fund is newly organized, "Other Expenses" are based on estimated expenses for the current fiscal year. "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. Since the Fund is newly organized, "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year. The Fund's administrator has entered into a Fund Accounting and Administration Agreement with the Fund that covers the regular operating expenses of the Fund for an inclusive fee of 0.28% (with the exception of management fees, distribution and/or service (12b-1) fees, expenses on short sales, acquired fund fees and expenses, and extraordinary expenses), even if such operating expenses exceed the inclusive fee. The agreement runs through June 30, 2014 and can only be terminated prior to that date at the discretion of the Fund's Board of Trustees. The Fund's administrator cannot recoup from the Fund any regular operating expenses in excess of the inclusive fee. In conjunction with the Fund Accounting and Administration Agreement, the Advisor has entered into an Operating Plan with the Fund's administrator, also through June 30, 2014, under which it has agreed to make payments to the administrator when the Fund is at lower asset levels and to assume certain expenses of the Fund outlined in the Operating Plan. The Operating Plan can only be terminated prior to the conclusion of the current term with the approval of the Fund's Board of Trustees. The Advisor cannot recoup from the Fund any amounts paid under the Operating Plan. The Fund's administrator has entered into a Fund Accounting and Administration Agreement with the Fund that covers the regular operating expenses of the Fund for an inclusive fee of 0.28% (with the exception of management fees, distribution and/or service (12b-1) fees, expenses on short sales, acquired fund fees and expenses, and extraordinary expenses), even if such operating expenses exceed the inclusive fee. The agreement runs through June 30, 2014 and can only be terminated prior to that date at the discretion of the Fund's Board of Trustees. The Fund's administrator cannot recoup from the Fund any regular operating expenses in excess of the inclusive fee. In conjunction with the Fund Accounting and Administration Agreement, the Advisor has entered into an Operating Plan with the Fund's administrator, also through June 30, 2014, under which it has agreed to make payments to the administrator when the Fund is at lower asset levels and to assume certain expenses of the Fund outlined in the Operating Plan. The Operating Plan can only be terminated prior to the conclusion of the current term with the approval of the Fund's Board of Trustees. The Advisor cannot recoup from the Fund any amounts paid under the Operating Plan. 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(Arin Large Cap Theta Fund) (Institutional and Advisor Class) 2.4.0.8003108 - Disclosure - Risk/Return Detail Data {Elements} - (Arin Large Cap Theta Fund) (Institutional and Advisor Class)truetruefalse1false falsefalseDuration_7_19_2012_To_7_19_2012http://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:001true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 4dei_EntityRegistrantNamedei_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Starboard Investment Trustfalsefalsefalsexbrli:normalizedStringItemTypenormalizedstringThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 false03false 4rr_ProspectusDaterr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002012-07-19falsefalsetruexbrli:dateItemTypedateThe date of the prospectus.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 1 -Subsection a -Paragraph 3 false04false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2false USDtruefalse$Duration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_InstitutionalAndAdvisorClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Member_rr_ProspectusShareClassAxis_cik0001464413_C000116540Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:00falsefalseInstitutional And Advisor Classdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_InstitutionalAndAdvisorClassMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseArin Large Cap Theta Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_S000037782Memberdei_LegalEntityAxisexplicitMemberfalsefalseInstitutional Class Sharesrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_C000116540Memberrr_ProspectusShareClassAxisexplicitMemberUnit1Standardhttp://www.xbrl.org/2003/instancepurexbrli0Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$nanafalse05true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse06false 4rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPricerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue00falsefalsefalserr:NonNegativePure4TypepureMaximum Deferred Sales Charge (Load) (as a percentage of ____) A.3.instructions.2.a.i "Maximum Deferred Sales Charge (Load)" includes the maximum total deferred sales charge (load) payable upon redemption, in installments, or both, expressed as a percentage of the amount or amounts stated in response to Item 7(a), except that, for a sales charge (load) based on net asset value at the time of purchase, show the sales charge (load) as a percentage of the offering price at the time of purchase. A Fund may include in a footnote to the table, if applicable, a tabular presentation showing the amount of deferred sales charges (loads) over time or a narrative explanation of the sales charges (loads) (e.g., __% in the first year after purchase, declining to __% in the __ year and eliminated thereafter). A.3.instructions.2.a.ii If more than one type of sales charge (load) is imposed (e.g., a deferred sales charge (load) and a front-end sales charge (load)), the first caption in the table should read "Maximum Sales Charge (Load)" and show the maximum cumulative percentage. Show the percentage amounts and the terms of each sales charge (load) comprising that figure on separate lines below.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 1 false07false 4rr_RedemptionFeerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue00USD$falsetruefalserr:NonPositiveMonetaryTypemonetary"Redemption Fee" (as a percentage of amount redeemed, if applicable) If the Fund is an Exchange-Traded Fund and issues or redeems shares in creation units of not less than 25,000 shares each, exclude any fees charged for the purchase and redemption of the Fund's creation units. "Redemption Fee" includes a fee charged for any redemption of the Fund's shares, but does not include a deferred sales charge (load) imposed upon redemption.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 4 false28false 4rr_ExchangeFeerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue00USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryExchange Fee includes the maximum fee charged for any exchange or transfer of interest from the Fund to another fund. The Fund may include in a footnote to the table, if applicable, a tabular presentation of the range of exchange fees or a narrative explanation of the fees.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 5 false29false 4rr_ManagementFeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.0040.004[1]falsefalsefalserr:NonNegativePure4TypepureManagement 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."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph a false010false 4rr_DistributionAndService12b1FeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue00[1]falsefalsefalserr:NonNegativePure4TypepureDistribution [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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 9 false011false 4rr_OtherExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.00680.0068[1],[2]falsefalsefalserr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph c -Clause i false012false 4rr_AcquiredFundFeesAndExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00090.0009[1],[3]falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false013false 4rr_ExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truetruetrue0.01170.0117[1]falsefalsefalserr:NonNegativePure4TypepureTotal 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."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph d true014false 4rr_FeeWaiverOrReimbursementOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsetruenegatedTerseLabel1truetruetrue0.0040.004[1],[2]falsefalsefalserr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false015false 4rr_NetExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truetruetrue0.00770.0077[1]falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 true016false 4rr_ExpenseExampleYear01rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1truefalsetrue7979USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false217false 4rr_ExpenseExampleYear03rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1truefalsetrue332332USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 2 false218false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse3false USDtruefalse$Duration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_InstitutionalAndAdvisorClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Member_rr_ProspectusShareClassAxis_cik0001464413_C000116541Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:00falsefalseInstitutional And Advisor Classdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_InstitutionalAndAdvisorClassMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseArin Large Cap Theta Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_S000037782Memberdei_LegalEntityAxisexplicitMemberfalsefalseAdvisor Class Sharesrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_C000116541Memberrr_ProspectusShareClassAxisexplicitMemberUnit1Standardhttp://www.xbrl.org/2003/instancepurexbrli0Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$nanafalse019true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse020false 4rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPricerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue00falsefalsefalserr:NonNegativePure4TypepureMaximum Deferred Sales Charge (Load) (as a percentage of ____) A.3.instructions.2.a.i "Maximum Deferred Sales Charge (Load)" includes the maximum total deferred sales charge (load) payable upon redemption, in installments, or both, expressed as a percentage of the amount or amounts stated in response to Item 7(a), except that, for a sales charge (load) based on net asset value at the time of purchase, show the sales charge (load) as a percentage of the offering price at the time of purchase. A Fund may include in a footnote to the table, if applicable, a tabular presentation showing the amount of deferred sales charges (loads) over time or a narrative explanation of the sales charges (loads) (e.g., __% in the first year after purchase, declining to __% in the __ year and eliminated thereafter). A.3.instructions.2.a.ii If more than one type of sales charge (load) is imposed (e.g., a deferred sales charge (load) and a front-end sales charge (load)), the first caption in the table should read "Maximum Sales Charge (Load)" and show the maximum cumulative percentage. Show the percentage amounts and the terms of each sales charge (load) comprising that figure on separate lines below.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 1 false021false 4rr_RedemptionFeerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue00USD$falsefalsefalserr:NonPositiveMonetaryTypemonetary"Redemption Fee" (as a percentage of amount redeemed, if applicable) If the Fund is an Exchange-Traded Fund and issues or redeems shares in creation units of not less than 25,000 shares each, exclude any fees charged for the purchase and redemption of the Fund's creation units. "Redemption Fee" includes a fee charged for any redemption of the Fund's shares, but does not include a deferred sales charge (load) imposed upon redemption.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 4 false222false 4rr_ExchangeFeerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue00USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryExchange Fee includes the maximum fee charged for any exchange or transfer of interest from the Fund to another fund. The Fund may include in a footnote to the table, if applicable, a tabular presentation of the range of exchange fees or a narrative explanation of the fees.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 5 false223false 4rr_ManagementFeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.0040.004[1]falsefalsefalserr:NonNegativePure4TypepureManagement 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."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph a false024false 4rr_DistributionAndService12b1FeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.0040.004[1]falsefalsefalserr:NonNegativePure4TypepureDistribution [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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 9 false025false 4rr_OtherExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.00680.0068[1],[2]falsefalsefalserr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph c -Clause i false026false 4rr_AcquiredFundFeesAndExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00090.0009[1],[3]falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false027false 4rr_ExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truetruetrue0.01570.0157[1]falsefalsefalserr:NonNegativePure4TypepureTotal 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."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph d true028false 4rr_FeeWaiverOrReimbursementOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsetruenegatedTerseLabel1truetruetrue0.0040.004[1],[2]falsefalsefalserr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false029false 4rr_NetExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truetruetrue0.01170.0117[1]falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 true030false 4rr_ExpenseExampleYear01rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1truefalsetrue119119USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false231false 4rr_ExpenseExampleYear03rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1truefalsetrue457457USD$falsetruefalserr:NonNegativeMonetaryTypemonetaryThe 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 2 false232false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse4false truefalseDuration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_InstitutionalAndAdvisorClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:00falsefalseInstitutional And Advisor Classdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_InstitutionalAndAdvisorClassMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseArin Large Cap Theta Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_S000037782Memberdei_LegalEntityAxisexplicitMembernanafalse033true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse034false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 18pt; font-family: Times New Roman; font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font></div> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><strong><font size="5" class="_mt"> </font></strong> <div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Institutional Class Shares (AVOLX) </font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Advisor Class Shares (AVOAX)</font></div></div></div></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false035false 4rr_ObjectiveHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><strong><font size="2" class="_mt">INVESTMENT OBJECTIVES</font></strong></div>falsefalsefalsexbrli:stringItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a false036false 4rr_ObjectivePrimaryTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The <font class="_mt" style="font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font> seeks maximum relative total return versus the S&amp;P 500 Stock Index through a combination of capital appreciation and current income.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a false037false 4rr_ExpenseHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">FEES AND EXPENSES OF THE FUND</font></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then 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, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. 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 may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 1 -Subparagraph d false038false 4rr_ExpenseNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaThis table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 1 -Subparagraph b false039false 4rr_ShareholderFeesCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Shareholder Fees</font></b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(fees paid directly from your investment)</font></i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p></div>falsefalsefalsexbrli:stringItemTypestringShareholder Fees (fees paid directly from your investment).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 false040false 4rr_OperatingExpensesCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Annual Fund Operating Expenses</font></b><font class="_mt" style="font-family: 'Century Gothic','sans-serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(expenses that you pay each year as a percentage of the value of your investment)</font></i></p></div>falsefalsefalsexbrli:stringItemTypestringAnnual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 7 false041false 4rr_FeeWaiverOrReimbursementOverAssetsDateOfTerminationrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00June 30, 2014falsefalsefalsexbrli:stringItemTypestringThis element represents the date of expected termination of any expense reimbursement or fee waiver arrangements that reduce any Fund operating expenses (SEC Form N-1A 2006-09-14 A.3.table.1.11 Total Annual Fund Operating Expenses A.3.instructions.3.e).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph e false042false 4rr_PortfolioTurnoverHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Portfolio Turnover. </font></font></div>falsefalsefalsexbrli:stringItemTypestringDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 5 false043false 4rr_PortfolioTurnoverTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio).&nbsp;&nbsp;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.&nbsp;&nbsp;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 3 false044false 4rr_OtherExpensesNewFundBasedOnEstimatesrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00"Other Expenses" are based on estimated expenses for the current fiscal year.falsefalsefalsexbrli:stringItemTypestringThis element represents the disclosure for new funds that "Other Expenses" are based on estimated amounts for the current fiscal year.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 6 -Subparagraph a false045false 4rr_AcquiredFundFeesAndExpensesBasedOnEstimatesrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00"Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.falsefalsefalsexbrli:stringItemTypestringThis element represents a statement that "Acquired Fund" (as defined) fees and expenses for the current year are based on estimates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph f -Clause vi false046false 4rr_ExpenseExampleHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Example. </font></font></div>falsefalsefalsexbrli:stringItemTypestringHeading for Expense Example.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false047false 4rr_ExpenseExampleNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">This example shows you the expenses you may pay over time by investing in the Fund. Since all mutual funds use the same hypothetical conditions, this example should help you compare the costs of investing in the Fund versus other mutual funds. The example assumes the following conditions:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You invest $10,000 in the Fund for the periods shown;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You reinvest all dividends and distributions;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You redeem all of your shares at the end of those periods;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You earn a 5% return each year; and</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="width: 36pt;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's operating expenses remain the same.</font></div></td></tr></table></div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Although your actual costs may be higher or lower, the following table shows you what your costs may be under the conditions listed above.</font></div></div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 1 false048false 4rr_StrategyHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL INVESTMENT STRATEGIES</font></div>falsefalsefalsexbrli:stringItemTypestringPrincipal 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a false049false 4rr_StrategyNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investment advisor, Arin Risk Advisors, LLC (the "Advisor"), seeks to achieve the Fund's investment objective by investing in a portfolio of common stocks, <font class="_mt" style="color: #010206; display: inline;">exchange-traded funds ("ETFs"), and futures contracts, </font>while also engaging in option trades that the Advisor believes will be profitable due to perceived pricing discrepancies in the options market.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">As a matter of investment policy, the Fund will invest, under normal circumstances, at least 80% of net assets, plus borrowings for investment purposes, in a portfolio of securities whose value is based on companies with market capitalizations that qualify them as "large-cap" companies.&nbsp;&nbsp;This policy may be changed without shareholder approval upon 60-days' prior notice to shareholders.&nbsp;&nbsp;The Advisor considers a company to be a "large cap" company if its </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">market capitalization falls within the range of market capitalizations of companies included in the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;<font class="_mt" style="color: #010206; display: inline;">While t</font>he Fund typically invests in common stocks, <font class="_mt" style="color: #010206; display: inline;">ETFs, futures contracts, and options</font>, it has the ability to invest in other types of equity securities, such as preferred stocks and warrants, that satisfy the Fund's investment criteria.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">A portion of the Fund's assets will be invested in securities that track the performance of the U.S. large-cap equity market.&nbsp;&nbsp;These securities include ETFs and futures contracts based on broad-based market indexes like the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;These securities may also include a group of common stocks that the Advisor believes will track the performance of the large-cap equity market.&nbsp;&nbsp;At times, a relatively high percentage of this portion of the portfolio may be invested in a single ETF or a limited number of ETFs that track broad-based market indexes.&nbsp;&nbsp;Securities will be selected based upon their ability to provide exposure to the large-cap equity market. The percentage of the Fund invested in these securities will change from time to time as the Advisor deems appropriate based on its analysis and allocation models.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Based on its exposure to the large-cap equity market, the Fund will trade options to try to take advantage of perceived pricing discrepancies in the options market.&nbsp;&nbsp;The Advisor identifies these trading opportunities by analyzing volatility.&nbsp;&nbsp;The market price of an option is partially based on the expected volatility, or potential variation in price over time, of its underlying asset.&nbsp;&nbsp;The Advisor evaluates differences between the volatility implied by the market price of a call option and the future volatility of its underlying security as forecast by the Advisor.&nbsp;&nbsp;By analyzing the implied and forecasted volatilities of a security, and comparing them to the implied and forecasted volatilities of the large-cap equity market, the Advisor attempts to identify situations where a call option is relatively overvalued.&nbsp;&nbsp;The Advisor then establishes a short position by selling the call option or establishes a position that is intended to achieve a similar result through a combination of long and short positions on call and put options.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">In selecting the options that the Fund will trade, the Advisor first identifies exchange-traded options with a trading volume sufficient to preclude the Fund's trades from influencing prices.&nbsp;&nbsp;The Advisor then evaluates the available investment opportunities with a proprietary trading algorithm that assists the Advisor in determining when to buy and sell options.&nbsp;&nbsp;The algorithm provides a scoring system based upon technical indicators and price patterns, </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">observed market statistics, fundamental research, factor risk modeling, and economic indicators.&nbsp;&nbsp;The Advisor also allocates a portion of the Fund's assets to cash or cash equivalents, including money-market instruments and money-market mutual funds.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investments in options, futures, or similar instruments will comply with the applicable requirements of the Investment Company Act of 1940, including, but not limited to, Section 18 thereof and relevant interpretive positions of the staff of the Securities and Exchange Commission regarding the use of such instruments.</font></div></div></div> </div>falsefalsefalsenonnum:textBlockItemTypenaPrincipal 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a false050false 4rr_RiskHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL RISKS OF INVESTING IN THE FUND</font></div>falsefalsefalsexbrli:stringItemTypestringNarrative Risk Disclosure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 1 false051false 4rr_RiskNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font></font>&nbsp;&nbsp;Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested.&nbsp;&nbsp;There can be no assurance that the Fund will be successful in meeting its investment objective.&nbsp;&nbsp;Generally, the Fund will be subject to the following principal risks:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Common Stocks.&nbsp;&nbsp;</font>The Fund's investments in common stocks, both directly and indirectly through the Fund's investment in shares of other investment companies, may fluctuate in value response to many factors, including, but not limited to, the activities of the individual companies whose securities the Fund owns, general market and economic conditions, interest rates, and specific industry changes.&nbsp;&nbsp;Such price fluctuations subject the Fund to potential losses.&nbsp;&nbsp;During temporary or extended bear markets, the value of common stocks will decline, which could also result in losses for the Fund.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">ETF Risks. </font>The Fund's investments in ETFs <font class="_mt" style="display: inline;">will be subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolio of such ETFs and the value of the Fund's investment will fluctuate in response to the performance of such portfolio.&nbsp;&nbsp;The Fund's performance depends in part upon the performance of the managers and selected strategies of the ETFs, the instruments used by ETFs, and the Advisor's ability to select ETFs and effectively allocate Fund assets among them.&nbsp;&nbsp;</font>Shareholders in the Fund will indirectly bear fees and expenses charged by the ETFs in which the Fund invests in addition to the Fund's direct fees and expenses.<font class="_mt" style="display: inline;">&nbsp;&nbsp;As a result, the cost of investing in the Fund will be higher than the cost of investing directly in such ETFS and also may be higher than other funds that invest directly in securities.&nbsp;&nbsp;</font>These types of investments by the Fund could affect the timing, amount, and character of distributions and therefore may increase the amount of taxes payable by shareholders.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Futures Risk.</font> The Fund's use of stock index futures contracts may cause the value of the Fund's shares to be more volatile.&nbsp;&nbsp;Futures contracts expose the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not accurately track the underlying securities.&nbsp;&nbsp;Changes in the value of futures contracts may not track or correlate perfectly with the underlying index because of temporary, or even long-term, supply and demand imbalances and because futures do not pay dividends unlike the stocks upon which they are based.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">General Market Risk.</font> The Fund's net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities held by the Fund may be worth less than the price originally paid for them, or less than they were worth at an earlier time.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Investment Advisor Risk.&nbsp;&nbsp;</font>The Advisor's ability to choose suitable investments has a significant impact on the ability of the Fund to achieve its investment objectives.&nbsp;&nbsp;The Advisor was formed in 2009 and is registered as an investment adviser with the Securities and Exchange Commission.&nbsp;&nbsp;However, the Advisor does not have previous experience managing an investment company registered under the Investment Company Act of 1940.&nbsp;&nbsp;Accordingly, investors in the Fund bear the risk that the Advisor's inexperience managing a registered investment company may limit its effectiveness.&nbsp;&nbsp;The experience of the portfolio managers is discussed in "Management of the Fund &#8211; Investment Advisor."</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Large-Cap Securities Risk.&nbsp;&nbsp;</font>Stocks of large companies as a group can fall out of favor with the market, causing the Fund to underperform investments that have a greater focus on mid-cap or small-cap stocks. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">New Fund Risk.&nbsp;&nbsp;</font>The Fund began operating in 2013.&nbsp;&nbsp;Accordingly, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.&nbsp;&nbsp;Such a liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Operating Risk.</font>&nbsp;&nbsp;The Advisor and the Fund's administrator have entered into an Operating Plan that facilitates the administrator's assumption of the Fund's regular operating expenses under the Fund Accounting and Administration Agreement.&nbsp;&nbsp;The Operating Plan obligates the Advisor to pay certain expenses of the Fund in order to help limit its annual operating expenses.&nbsp;&nbsp;If the Advisor, however, does not have sufficient revenue to support those expenses, the Advisor may be compelled to either resign or become insolvent.&nbsp;&nbsp;In addition, if the Fund incurs expenses in excess of those that the Fund's administrator has agreed to pay and the Advisor is not able or willing to pay the excess costs, those excess costs will increase the Fund's expenses.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Purchasing Options.</font>&nbsp;&nbsp;If a call or put option purchased by the Fund is not sold when it has remaining value and if the market price of the underlying security, in the case of a call, remains less than or equal to the exercise price, or, in the case of a put, remains equal to or greater than the exercise price, the Fund will lose its entire investment in the option.&nbsp;&nbsp;Since many factors influence the value of an option, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security, the Advisor's success in implementing the Fund's strategy may depend on an ability to predict movements in the prices of individual securities, fluctuations in markets, and movements in interest rates.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a purchased option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Writing Options.&nbsp;&nbsp;</font>Writing option contracts can result in losses that exceed the Fund's initial investment and may lead to additional turnover and higher tax liability.&nbsp;&nbsp;The risk involved in writing a call option is that there could be an increase in the market value of the security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold by the Fund at a lower price than its current market value.&nbsp;&nbsp;Similarly, while writing call options can reduce the risk of owning stocks, such a strategy limits the opportunity of the Fund to profit from an increase in the market value of stocks in exchange for up-front cash at the time of selling the call option.&nbsp;&nbsp;The risk </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">involved in writing a put option is that there could be a decrease in the market value of the underlying security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold to the Fund at a higher price than its current market value.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a written option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Trading Strategies based on Volatility.</font>&nbsp;&nbsp;Trading strategies based on volatility are difficult to implement and require successful monitoring, modeling, and interpretation of market conditions.&nbsp;&nbsp;Factors other than volatility influence the value of an option and complicate the trading strategy, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security.&nbsp;&nbsp;Trading opportunities may be short-lived or limited as a result of a low trading volume in exchange-traded options, in which cases the Fund may be required to hold elevated cash balances.&nbsp;&nbsp;Transaction costs have a significant impact on the profitability of these trading strategies.</font></div></div> </div>falsefalsefalsenonnum:textBlockItemTypenaNarrative 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 1 -Subparagraph i -Clause instruction false052false 4rr_RiskLoseMoneyrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font>falsefalsefalsexbrli:stringItemTypestringSummarize the principal risks of investing in the Fund, including the risks to which the Fund's portfolio as a whole is subject and the circumstances reasonably likely to affect adversely the Fund's net asset value, yield, and total return. Unless the Fund is a Money Market Fund, disclose that loss of money is a risk of investing in the Fund. 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 1 -Subparagraph i false053false 4rr_BarChartAndPerformanceTableHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PERFORMANCE INFORMATION</font></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Bar Chart and Table.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 false054false 4rr_PerformanceNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font></font>&nbsp;&nbsp;You may request a copy of the Fund's annual and semi-annual reports, once available, at no charge by calling the Fund.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaRisk/Return Bar Chart and Table.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 false055false 4rr_PerformanceOneYearOrLessrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font>falsefalsefalsexbrli:stringItemTypestringFor a Fund that provides annual total returns for only one calendar year or for a Fund that does not include the bar chart because it does not have annual returns for a full calendar year, modify, as appropriate, the narrative explanation required by stating that the information gives some indication of the risks of an investment in the Fund by comparing the Fund's performance with a broad measure of market performance). Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 -Subparagraph i Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 -Subparagraph instructions -Clause 1 -Exhibit b false01Since the Fund is newly organized, "Other Expenses" are based on estimated expenses for the current fiscal year.2The Fund's administrator has entered into a Fund Accounting and Administration Agreement with the Fund that covers the regular operating expenses of the Fund for an inclusive fee of 0.28% (with the exception of management fees, distribution and/or service (12b-1) fees, expenses on short sales, acquired fund fees and expenses, and extraordinary expenses), even if such operating expenses exceed the inclusive fee. The agreement runs through June 30, 2014 and can only be terminated prior to that date at the discretion of the Fund's Board of Trustees. The Fund's administrator cannot recoup from the Fund any regular operating expenses in excess of the inclusive fee. In conjunction with the Fund Accounting and Administration Agreement, the Advisor has entered into an Operating Plan with the Fund's administrator, also through June 30, 2014, under which it has agreed to make payments to the administrator when the Fund is at lower asset levels and to assume certain expenses of the Fund outlined in the Operating Plan. The Operating Plan can only be terminated prior to the conclusion of the current term with the approval of the Fund's Board of Trustees. The Advisor cannot recoup from the Fund any amounts paid under the Operating Plan.3"Acquired Fund" means any investment company in which the Fund invests or has invested during the period. Since the Fund is newly organized, "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.falseRisk/Return Detail Data - (Arin Large Cap Theta Fund) (Institutional and Advisor Class) (USD $)NoRoundingUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.ncfunds.com/role/DisclosureRiskReturnDetailDataElementsArinLargeCapThetaFund155 XML 9 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Starboard Investment Trust
Prospectus Date rr_ProspectusDate Jul. 19, 2012
Institutional And Advisor Class | Arin Large Cap Theta Fund | Institutional Class Shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed On Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Redemption Fee rr_RedemptionFee none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 0.40% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 0.68% [1],[2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [1],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17% [1]
Fee Waiver and/or Expense Limitation rr_FeeWaiverOrReimbursementOverAssets 0.40% [1],[2]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 0.77% [1]
1 Year rr_ExpenseExampleYear01 79
3 Years rr_ExpenseExampleYear03 332
Institutional And Advisor Class | Arin Large Cap Theta Fund | Advisor Class Shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed On Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Redemption Fee rr_RedemptionFee none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 0.40% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.40% [1]
Other Expenses rr_OtherExpensesOverAssets 0.68% [1],[2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [1],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.57% [1]
Fee Waiver and/or Expense Limitation rr_FeeWaiverOrReimbursementOverAssets 0.40% [1],[2]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.17% [1]
1 Year rr_ExpenseExampleYear01 119
3 Years rr_ExpenseExampleYear03 $ 457
Institutional And Advisor Class | Arin Large Cap Theta Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Objective [Heading] rr_ObjectiveHeading
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
Expense [Heading] rr_ExpenseHeading
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination June 30, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates "Other Expenses" are based on estimated expenses for the current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
Strategy [Heading] rr_StrategyHeading
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Risk [Heading] rr_RiskHeading
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Risk Lose Money [Text] rr_RiskLoseMoney The loss of your money is a principal risk of investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.
[1] Since the Fund is newly organized, "Other Expenses" are based on estimated expenses for the current fiscal year.
[2] The Fund's administrator has entered into a Fund Accounting and Administration Agreement with the Fund that covers the regular operating expenses of the Fund for an inclusive fee of 0.28% (with the exception of management fees, distribution and/or service (12b-1) fees, expenses on short sales, acquired fund fees and expenses, and extraordinary expenses), even if such operating expenses exceed the inclusive fee. The agreement runs through June 30, 2014 and can only be terminated prior to that date at the discretion of the Fund's Board of Trustees. The Fund's administrator cannot recoup from the Fund any regular operating expenses in excess of the inclusive fee. In conjunction with the Fund Accounting and Administration Agreement, the Advisor has entered into an Operating Plan with the Fund's administrator, also through June 30, 2014, under which it has agreed to make payments to the administrator when the Fund is at lower asset levels and to assume certain expenses of the Fund outlined in the Operating Plan. The Operating Plan can only be terminated prior to the conclusion of the current term with the approval of the Fund's Board of Trustees. The Advisor cannot recoup from the Fund any amounts paid under the Operating Plan.
[3] "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. Since the Fund is newly organized, "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.
XML 12 R11.xml IDEA: Risk/Return Detail Data - (Arin Large Cap Theta Fund) (Wirehouse Class) 2.4.0.8003118 - Disclosure - Risk/Return Detail Data {Elements} - (Arin Large Cap Theta Fund) (Wirehouse Class)truetruefalse1false falsefalseDuration_7_19_2012_To_7_19_2012http://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:001true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse02false 4dei_EntityRegistrantNamedei_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00Starboard Investment Trustfalsefalsefalsexbrli:normalizedStringItemTypenormalizedstringThe exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation 12B -Number 240 -Section 12b -Subsection 1 false03false 4rr_ProspectusDaterr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse002012-07-19falsefalsetruexbrli:dateItemTypedateThe date of the prospectus.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 1 -Subsection a -Paragraph 3 false04false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse2false USDtruefalse$Duration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_WirehouseClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Member_rr_ProspectusShareClassAxis_cik0001464413_C000116542Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:00falsefalseWirehouse Classdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_WirehouseClassMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseArin Large Cap Theta Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_S000037782Memberdei_LegalEntityAxisexplicitMemberfalsefalseWirehouse Class Sharesrr_ProspectusShareClassAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_C000116542Memberrr_ProspectusShareClassAxisexplicitMemberUnit1Standardhttp://www.xbrl.org/2003/instancepurexbrli0Unit12Standardhttp://www.xbrl.org/2003/iso4217USDiso42170USDUSD$nanafalse05true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse06false 4rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPricerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue00falsefalsefalserr:NonNegativePure4TypepureMaximum Deferred Sales Charge (Load) (as a percentage of ____) A.3.instructions.2.a.i "Maximum Deferred Sales Charge (Load)" includes the maximum total deferred sales charge (load) payable upon redemption, in installments, or both, expressed as a percentage of the amount or amounts stated in response to Item 7(a), except that, for a sales charge (load) based on net asset value at the time of purchase, show the sales charge (load) as a percentage of the offering price at the time of purchase. A Fund may include in a footnote to the table, if applicable, a tabular presentation showing the amount of deferred sales charges (loads) over time or a narrative explanation of the sales charges (loads) (e.g., __% in the first year after purchase, declining to __% in the __ year and eliminated thereafter). A.3.instructions.2.a.ii If more than one type of sales charge (load) is imposed (e.g., a deferred sales charge (load) and a front-end sales charge (load)), the first caption in the table should read "Maximum Sales Charge (Load)" and show the maximum cumulative percentage. Show the percentage amounts and the terms of each sales charge (load) comprising that figure on separate lines below.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 1 false07false 4rr_RedemptionFeerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue00USD$falsetruefalserr:NonPositiveMonetaryTypemonetary"Redemption Fee" (as a percentage of amount redeemed, if applicable) If the Fund is an Exchange-Traded Fund and issues or redeems shares in creation units of not less than 25,000 shares each, exclude any fees charged for the purchase and redemption of the Fund's creation units. "Redemption Fee" includes a fee charged for any redemption of the Fund's shares, but does not include a deferred sales charge (load) imposed upon redemption.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 4 false28false 4rr_ExchangeFeerr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truefalsetrue00USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryExchange Fee includes the maximum fee charged for any exchange or transfer of interest from the Fund to another fund. The Fund may include in a footnote to the table, if applicable, a tabular presentation of the range of exchange fees or a narrative explanation of the fees.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 5 false29false 4rr_ManagementFeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.0040.004[1]falsefalsefalserr:NonNegativePure4TypepureManagement 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."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph a false010false 4rr_DistributionAndService12b1FeesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.010.01[1]falsefalsefalserr:NonNegativePure4TypepureDistribution [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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 9 false011false 4rr_OtherExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseverboseLabel1truetruetrue0.00680.0068[1],[2]falsefalsefalserr:NonNegativePure4Typepure"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph c -Clause i false012false 4rr_AcquiredFundFeesAndExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1truetruetrue0.00090.0009[1],[3]falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false013false 4rr_ExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truetruetrue0.02170.0217[1]falsefalsefalserr:NonNegativePure4TypepureTotal 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."Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph d true014false 4rr_FeeWaiverOrReimbursementOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsetruenegatedTerseLabel1truetruetrue0.0040.004[1],[2]falsefalsefalserr:NonPositivePure4TypepureTotal Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 false015false 4rr_NetExpensesOverAssetsrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalsetotalLabel1truetruetrue0.01770.0177[1]falsefalsefalserr:NonNegativePure4TypepureTotal Annual Fund Operating Expenses.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 11 true016false 4rr_ExpenseExampleYear01rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1truefalsetrue180180USD$falsefalsefalserr:NonNegativeMonetaryTypemonetaryThe Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false217false 4rr_ExpenseExampleYear03rr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalseterseLabel1truefalsetrue641641USD$falsetruefalserr:NonNegativeMonetaryTypemonetaryThe 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 2 false218false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalse3false truefalseDuration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_WirehouseClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:00falsefalseWirehouse Classdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_WirehouseClassMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalseArin Large Cap Theta Funddei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_S000037782Memberdei_LegalEntityAxisexplicitMembernanafalse019true 3rr_RiskReturnAbstractrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00falsefalsefalsexbrli:stringItemTypestringfalse020false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 18pt; font-family: Times New Roman; font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font></div> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Wirehouse Class Shares (AVOWX)</font></div></div></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false021false 4rr_ObjectiveHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><strong>INVESTMENT OBJECTIVES</strong></font></div>falsefalsefalsexbrli:stringItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a false022false 4rr_ObjectivePrimaryTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The <font class="_mt" style="font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font> seeks maximum relative total return versus the S&amp;P 500 Stock Index through a combination of capital appreciation and current income.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a false023false 4rr_ExpenseHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">FEES AND EXPENSES OF THE FUND</font></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then 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, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. 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 may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 1 -Subparagraph d false024false 4rr_ExpenseNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaThis table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 1 -Subparagraph b false025false 4rr_ShareholderFeesCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Shareholder Fees</font></b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(fees paid directly from your investment)</font></i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p></div>falsefalsefalsexbrli:stringItemTypestringShareholder Fees (fees paid directly from your investment).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 false026false 4rr_OperatingExpensesCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Annual Fund Operating Expenses</font></b><font class="_mt" style="font-family: 'Century Gothic','sans-serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(expenses that you pay each year as a percentage of the value of your investment)</font></i></p></div>falsefalsefalsexbrli:stringItemTypestringAnnual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 -Subparagraph 7 false027false 4rr_FeeWaiverOrReimbursementOverAssetsDateOfTerminationrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00June 30, 2014falsefalsefalsexbrli:stringItemTypestringThis element represents the date of expected termination of any expense reimbursement or fee waiver arrangements that reduce any Fund operating expenses (SEC Form N-1A 2006-09-14 A.3.table.1.11 Total Annual Fund Operating Expenses A.3.instructions.3.e).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph e false028false 4rr_PortfolioTurnoverHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Portfolio Turnover. </font></font></div>falsefalsefalsexbrli:stringItemTypestringDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 5 false029false 4rr_PortfolioTurnoverTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio).&nbsp;&nbsp;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.&nbsp;&nbsp;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaDisclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 3 false030false 4rr_OtherExpensesNewFundBasedOnEstimatesrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00"Other Expenses" are based on estimated expenses for the current fiscal year.falsefalsefalsexbrli:stringItemTypestringThis element represents the disclosure for new funds that "Other Expenses" are based on estimated amounts for the current fiscal year.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 6 -Subparagraph a false031false 4rr_AcquiredFundFeesAndExpensesBasedOnEstimatesrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00"Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.falsefalsefalsexbrli:stringItemTypestringThis element represents a statement that "Acquired Fund" (as defined) fees and expenses for the current year are based on estimates.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 3 -Subparagraph f -Clause vi false032false 4rr_ExpenseExampleHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Example. </font></font></div>falsefalsefalsexbrli:stringItemTypestringHeading for Expense Example.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 4 false033false 4rr_ExpenseExampleNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">This example shows you the expenses you may pay over time by investing in the Fund. Since all mutual funds use the same hypothetical conditions, this example should help you compare the costs of investing in the Fund versus other mutual funds. The example assumes the following conditions:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You invest $10,000 in the Fund for the periods shown;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You reinvest all dividends and distributions;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You redeem all of your shares at the end of those periods;</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">You earn a 5% return each year; and</font></div></td></tr></table></div> <div> <table style="font-size: 10pt; font-family: times new roman;" cellspacing="0" cellpadding="0" width="100%"> <tr valign="top"><td style="border-top-color: ; border-bottom-color: ; border-right-color: ; width: 36pt; border-left-color: ;" align="right"> <div><font class="_mt" style="font-size: 10pt; font-family: Symbol, serif; display: inline;">&#183;&nbsp;&nbsp;</font></div></td> <td style="border-top-color: ; border-bottom-color: ; border-right-color: ; border-left-color: ;"> <div style="margin-left: 0pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's operating expenses remain the same.</font></div></td></tr></table></div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Although your actual costs may be higher or lower, the following table shows you what your costs may be under the conditions listed above.</font></div></div> </div>falsefalsefalsenonnum:textBlockItemTypenaThe Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection example -Paragraph 1 -Subparagraph 1 false034false 4rr_StrategyHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL INVESTMENT STRATEGIES</font></div>falsefalsefalsexbrli:stringItemTypestringPrincipal 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a false035false 4rr_StrategyNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investment advisor, Arin Risk Advisors, LLC (the "Advisor"), seeks to achieve the Fund's investment objective by investing in a portfolio of common stocks, <font class="_mt" style="color: #010206; display: inline;">exchange-traded funds ("ETFs"), and futures contracts, </font>while also engaging in option trades that the Advisor believes will be profitable due to perceived pricing discrepancies in the options market.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">As a matter of investment policy, the Fund will invest, under normal circumstances, at least 80% of net assets, plus borrowings for investment purposes, in a portfolio of securities whose value is based on companies with market capitalizations that qualify them as "large-cap" companies.&nbsp;&nbsp;This policy may be changed without shareholder approval upon 60-days' prior notice to shareholders.&nbsp;&nbsp;The Advisor considers a company to be a "large cap" company if its </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">market capitalization falls within the range of market capitalizations of companies included in the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;<font class="_mt" style="color: #010206; display: inline;">While t</font>he Fund typically invests in common stocks, <font class="_mt" style="color: #010206; display: inline;">ETFs, futures contracts, and options</font>, it has the ability to invest in other types of equity securities, such as preferred stocks and warrants, that satisfy the Fund's investment criteria.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">A portion of the Fund's assets will be invested in securities that track the performance of the U.S. large-cap equity market.&nbsp;&nbsp;These securities include ETFs and futures contracts based on broad-based market indexes like the Standard &amp; Poor's 500 Index.&nbsp;&nbsp;These securities may also include a group of common stocks that the Advisor believes will track the performance of the large-cap equity market.&nbsp;&nbsp;At times, a relatively high percentage of this portion of the portfolio may be invested in a single ETF or a limited number of ETFs that track broad-based market indexes.&nbsp;&nbsp;Securities will be selected based upon their ability to provide exposure to the large-cap equity market. The percentage of the Fund invested in these securities will change from time to time as the Advisor deems appropriate based on its analysis and allocation models.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Based on its exposure to the large-cap equity market, the Fund will trade options to try to take advantage of perceived pricing discrepancies in the options market.&nbsp;&nbsp;The Advisor identifies these trading opportunities by analyzing volatility.&nbsp;&nbsp;The market price of an option is partially based on the expected volatility, or potential variation in price over time, of its underlying asset.&nbsp;&nbsp;The Advisor evaluates differences between the volatility implied by the market price of a call option and the future volatility of its underlying security as forecast by the Advisor.&nbsp;&nbsp;By analyzing the implied and forecasted volatilities of a security, and comparing them to the implied and forecasted volatilities of the large-cap equity market, the Advisor attempts to identify situations where a call option is relatively overvalued.&nbsp;&nbsp;The Advisor then establishes a short position by selling the call option or establishes a position that is intended to achieve a similar result through a combination of long and short positions on call and put options.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; margin-right: 0pt; text-indent: 0pt;"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">In selecting the options that the Fund will trade, the Advisor first identifies exchange-traded options with a trading volume sufficient to preclude the Fund's trades from influencing prices.&nbsp;&nbsp;The Advisor then evaluates the available investment opportunities with a proprietary trading algorithm that assists the Advisor in determining when to buy and sell options.&nbsp;&nbsp;The algorithm provides a scoring system based upon technical indicators and price patterns, observed market statistics, fundamental research, factor risk modeling, and economic indicators.&nbsp;&nbsp;The Advisor also allocates a portion of the Fund's assets to cash or cash equivalents, including money-market instruments and money-market mutual funds.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The Fund's investments in options, futures, or similar instruments will comply with the applicable requirements of the Investment Company Act of 1940, including, but not limited to, Section 18 thereof and relevant interpretive positions of the staff of the Securities and Exchange Commission regarding the use of such instruments.</font></div></div></div> </div>falsefalsefalsenonnum:textBlockItemTypenaPrincipal 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection a false036false 4rr_RiskHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PRINCIPAL RISKS OF INVESTING IN THE FUND</font></div>falsefalsefalsexbrli:stringItemTypestringNarrative Risk Disclosure.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 1 false037false 4rr_RiskNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font></font>&nbsp;&nbsp;Investments in the Fund are subject to investment risks, including the possible loss of some or the entire principal amount invested.&nbsp;&nbsp;There can be no assurance that the Fund will be successful in meeting its investment objective.&nbsp;&nbsp;Generally, the Fund will be subject to the following principal risks:</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Common Stocks.&nbsp;&nbsp;</font>The Fund's investments in common stocks, both directly and indirectly through the Fund's investment in shares of other investment companies, may fluctuate in value response to many factors, including, but not limited to, the activities of the individual companies whose securities the Fund owns, general market and economic conditions, interest rates, and specific industry changes.&nbsp;&nbsp;Such price fluctuations subject the Fund to potential losses.&nbsp;&nbsp;During temporary or extended bear markets, the value of common stocks will decline, which could also result in losses for the Fund.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">ETF Risks. </font>The Fund's investments in ETFs <font class="_mt" style="display: inline;">will be subject to substantially the same risks as those associated with the direct ownership of the securities comprising the portfolio of such ETFs and the value of the Fund's investment will fluctuate in response to the performance of such portfolio.&nbsp;&nbsp;The Fund's performance depends in part upon the performance of the managers and selected strategies of the ETFs, the instruments used by ETFs, and the Advisor's ability to select ETFs and effectively allocate Fund assets among them.&nbsp;&nbsp;</font>Shareholders in the Fund will indirectly bear fees and expenses charged by the ETFs in which the Fund invests in addition to the Fund's direct fees and expenses.<font class="_mt" style="display: inline;">&nbsp;&nbsp;As a result, the cost of investing in the Fund will be higher than the cost of investing directly in such ETFS and also may be higher than other funds that invest directly in securities.&nbsp;&nbsp;</font>These types of investments by the Fund could affect the timing, amount, and character of distributions and therefore may increase the amount of taxes payable by shareholders.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Futures Risk.</font> The Fund's use of stock index futures contracts may cause the value of the Fund's shares to be more volatile.&nbsp;&nbsp;Futures contracts expose the Fund to leverage and tracking risks because a small investment in futures contracts may produce large losses and futures contracts may not accurately track the underlying securities.&nbsp;&nbsp;Changes in the value of futures contracts may not track or correlate perfectly with the underlying index because of temporary, or even long-term, supply and demand imbalances and because futures do not pay dividends unlike the stocks upon which they are based.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">General Market Risk.</font> The Fund's net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities held by the Fund may be worth less than the price originally paid for them, or less than they were worth at an earlier time.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Investment Advisor Risk.&nbsp;&nbsp;</font>The Advisor's ability to choose suitable investments has a significant impact on the ability of the Fund to achieve its investment objectives.&nbsp;&nbsp;The Advisor was formed in 2009 and is registered as an investment adviser with the Securities and Exchange Commission.&nbsp;&nbsp;However, the Advisor does not have previous experience managing an investment company registered under the Investment Company Act of 1940.&nbsp;&nbsp;Accordingly, </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">investors in the Fund bear the risk that the Advisor's inexperience managing a registered investment company may limit its effectiveness.&nbsp;&nbsp;The experience of the portfolio managers is discussed in "Management of the Fund &#8211; Investment Advisor."</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Large-Cap Securities Risk.&nbsp;&nbsp;</font>Stocks of large companies as a group can fall out of favor with the market, causing the Fund to underperform investments that have a greater focus on mid-cap or small-cap stocks. Larger, more established companies may be slow to respond to challenges and may grow more slowly than smaller companies.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">New Fund Risk.&nbsp;&nbsp;</font>The Fund began operating in 2013.&nbsp;&nbsp;Accordingly, investors in the Fund bear the risk that the Fund may not be successful in implementing its investment strategy, may not employ a successful investment strategy, or may fail to attract sufficient assets under management to realize economies of scale, any of which could result in the Fund being liquidated at any time without shareholder approval and at a time that may not be favorable for all shareholders.&nbsp;&nbsp;Such a liquidation could have negative tax consequences for shareholders and will cause shareholders to incur expenses of liquidation.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Operating Risk.</font>&nbsp;&nbsp;The Advisor and the Fund's administrator have entered into an Operating Plan that facilitates the administrator's assumption of the Fund's regular operating expenses under the Fund Accounting and Administration Agreement.&nbsp;&nbsp;The Operating Plan obligates the Advisor to pay certain expenses of the Fund in order to help limit its annual operating expenses.&nbsp;&nbsp;If the Advisor, however, does not have sufficient revenue to support those expenses, the Advisor may be compelled to either resign or become insolvent.&nbsp;&nbsp;In addition, if the Fund incurs expenses in excess of those that the Fund's administrator has agreed to pay and the Advisor is not able or willing to pay the excess costs, those excess costs will increase the Fund's expenses.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Purchasing Options.</font>&nbsp;&nbsp;If a call or put option purchased by the Fund is not sold when it has remaining value and if the market price of the underlying security, in the case of a call, remains less than or equal to the exercise price, or, in the case of a put, remains equal to or greater than the exercise price, the Fund will lose its entire investment in the option.&nbsp;&nbsp;Since many factors influence the value of an option, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security, the Advisor's success in implementing the Fund's strategy may depend on an ability to predict movements in the prices of individual securities, fluctuations in markets, and movements in interest rates.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a purchased option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Risks from Writing Options.&nbsp;&nbsp;</font>Writing option contracts can result in losses that exceed the Fund's initial investment and may lead to additional turnover and higher tax liability.&nbsp;&nbsp;The risk involved in writing a call option is that there could be an increase in the market value of the security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold by the Fund at a lower price than its current market value.&nbsp;&nbsp;Similarly, while writing call options can reduce the risk of owning stocks, such a strategy limits the opportunity of the Fund to profit from an increase in the market value of stocks in exchange for up-front cash at the time of selling the call option.&nbsp;&nbsp;The risk </font><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">involved in writing a put option is that there could be a decrease in the market value of the underlying security.&nbsp;&nbsp;If this occurred, the option could be exercised and the underlying security would then be sold to the Fund at a higher price than its current market value.&nbsp;&nbsp;There is no assurance that a liquid market will exist when the Fund seeks to close out an option position.&nbsp;&nbsp;Where a position in a written option is used as a hedge against price movements in a related position, the price of the option may move more or less than the price of the related position.</font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify">&nbsp;</div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt" style="font-weight: bold; display: inline;">Trading Strategies based on Volatility.</font>&nbsp;&nbsp;Trading strategies based on volatility are difficult to implement and require successful monitoring, modeling, and interpretation of market conditions.&nbsp;&nbsp;Factors other than volatility influence the value of an option and complicate the trading strategy, including the price of the underlying security, the exercise price, the time to expiration, the interest rate, and the dividend rate of the underlying security.&nbsp;&nbsp;Trading opportunities may be short-lived or limited as a result of a low trading volume in exchange-traded options, in which cases the Fund may be required to hold elevated cash balances.&nbsp;&nbsp;Transaction costs have a significant impact on the profitability of these trading strategies.</font></div></div> </div>falsefalsefalsenonnum:textBlockItemTypenaNarrative 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 1 -Subparagraph i -Clause instruction false038false 4rr_RiskLoseMoneyrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The loss of your money is a principal risk of investing in the Fund.</font>falsefalsefalsexbrli:stringItemTypestringSummarize the principal risks of investing in the Fund, including the risks to which the Fund's portfolio as a whole is subject and the circumstances reasonably likely to affect adversely the Fund's net asset value, yield, and total return. Unless the Fund is a Money Market Fund, disclose that loss of money is a risk of investing in the Fund. 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.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 1 -Subparagraph i false039false 4rr_BarChartAndPerformanceTableHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">PERFORMANCE INFORMATION</font></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Bar Chart and Table.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 false040false 4rr_PerformanceNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;"><font class="_mt"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font></font>&nbsp;&nbsp;You may request a copy of the Fund's annual and semi-annual reports, once available, at no charge by calling the Fund.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaRisk/Return Bar Chart and Table.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 false041false 4rr_PerformanceOneYearOrLessrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.</font>falsefalsefalsexbrli:stringItemTypestringFor a Fund that provides annual total returns for only one calendar year or for a Fund that does not include the bar chart because it does not have annual returns for a full calendar year, modify, as appropriate, the narrative explanation required by stating that the information gives some indication of the risks of an investment in the Fund by comparing the Fund's performance with a broad measure of market performance). Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 -Subparagraph i Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 4 -Subsection b -Paragraph 2 -Subparagraph instructions -Clause 1 -Exhibit b false01Since the Fund is newly organized, "Other Expenses" are based on estimated expenses for the current fiscal year.2The Fund's administrator has entered into a Fund Accounting and Administration Agreement with the Fund that covers the regular operating expenses of the Fund for an inclusive fee of 0.28% (with the exception of management fees, distribution and/or service (12b-1) fees, expenses on short sales, acquired fund fees and expenses, and extraordinary expenses), even if such operating expenses exceed the inclusive fee. The agreement runs through June 30, 2014 and can only be terminated prior to that date at the discretion of the Fund's Board of Trustees. The Fund's administrator cannot recoup from the Fund any regular operating expenses in excess of the inclusive fee. In conjunction with the Fund Accounting and Administration Agreement, the Advisor has entered into an Operating Plan with the Fund's administrator, also through June 30, 2014, under which it has agreed to make payments to the administrator when the Fund is at lower asset levels and to assume certain expenses of the Fund outlined in the Operating Plan. The Operating Plan can only be terminated prior to the conclusion of the current term with the approval of the Fund's Board of Trustees. The Advisor cannot recoup from the Fund any amounts paid under the Operating Plan.3"Acquired Fund" means any investment company in which the Fund invests or has invested during the period. Since the Fund is newly organized, "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.falseRisk/Return Detail Data - (Arin Large Cap Theta Fund) (Wirehouse Class) (USD $)NoRoundingUnKnownUnKnownUnKnowntruefalsefalseSheethttp://www.ncfunds.com/role/DisclosureRiskReturnDetailDataElementsArinLargeCapThetaFundWirehouseClass141 XML 13 R11.htm IDEA: XBRL DOCUMENT v2.4.0.8
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName Starboard Investment Trust
Prospectus Date rr_ProspectusDate Jul. 19, 2012
Wirehouse Class | Arin Large Cap Theta Fund | Wirehouse Class Shares
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed On Purchases (as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Redemption Fee rr_RedemptionFee none
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 0.40% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00% [1]
Other Expenses rr_OtherExpensesOverAssets 0.68% [1],[2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [1],[3]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.17% [1]
Fee Waiver and/or Expense Limitation rr_FeeWaiverOrReimbursementOverAssets 0.40% [1],[2]
Net Annual Fund Operating Expenses rr_NetExpensesOverAssets 1.77% [1]
1 Year rr_ExpenseExampleYear01 180
3 Years rr_ExpenseExampleYear03 $ 641
Wirehouse Class | Arin Large Cap Theta Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Objective [Heading] rr_ObjectiveHeading
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
Expense [Heading] rr_ExpenseHeading
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination June 30, 2014
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates "Other Expenses" are based on estimated expenses for the current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
Strategy [Heading] rr_StrategyHeading
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Risk [Heading] rr_RiskHeading
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
Risk Lose Money [Text] rr_RiskLoseMoney The loss of your money is a principal risk of investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Fund has not been in operation for an entire calendar year, there is no Fund performance information to be presented here.
[1] Since the Fund is newly organized, "Other Expenses" are based on estimated expenses for the current fiscal year.
[2] The Fund's administrator has entered into a Fund Accounting and Administration Agreement with the Fund that covers the regular operating expenses of the Fund for an inclusive fee of 0.28% (with the exception of management fees, distribution and/or service (12b-1) fees, expenses on short sales, acquired fund fees and expenses, and extraordinary expenses), even if such operating expenses exceed the inclusive fee. The agreement runs through June 30, 2014 and can only be terminated prior to that date at the discretion of the Fund's Board of Trustees. The Fund's administrator cannot recoup from the Fund any regular operating expenses in excess of the inclusive fee. In conjunction with the Fund Accounting and Administration Agreement, the Advisor has entered into an Operating Plan with the Fund's administrator, also through June 30, 2014, under which it has agreed to make payments to the administrator when the Fund is at lower asset levels and to assume certain expenses of the Fund outlined in the Operating Plan. The Operating Plan can only be terminated prior to the conclusion of the current term with the approval of the Fund's Board of Trustees. The Advisor cannot recoup from the Fund any amounts paid under the Operating Plan.
[3] "Acquired Fund" means any investment company in which the Fund invests or has invested during the period. Since the Fund is newly organized, "Acquired Fund Fees and Expenses" are based on estimated expenses for the current fiscal year.
XML 14 R2.xml IDEA: Risk/Return Summary - (Arin Large Cap Theta Fund) (Institutional and Advisor Class) 2.4.0.8003101 - Document - Risk/Return Summary {Unlabeled} - (Arin Large Cap Theta Fund) (Institutional and Advisor Class)falsefalsetrue1false falsefalseDuration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_InstitutionalAndAdvisorClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:001false 0truefalsetruefalsefalsefalsefalsefalsefalse1falsefalsefalse00Institutional And Advisor Class | Arin Large Cap Theta Fundfalsefalsefalse1false truefalseDuration_7_19_2012_To_7_19_2012_dei_DocumentInformationDocumentAxis_cik0001464413_InstitutionalAndAdvisorClassMember_dei_LegalEntityAxis_cik0001464413_S000037782Memberhttp://www.sec.gov/CIK0001464413duration2012-07-19T00:00:002012-07-19T00:00:00falsefalsecik0001464413_InstitutionalAndAdvisorClassMemberdei_DocumentInformationDocumentAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_InstitutionalAndAdvisorClassMemberdei_DocumentInformationDocumentAxisexplicitMemberfalsefalsecik0001464413_S000037782Memberdei_LegalEntityAxisxbrldihttp://xbrl.org/2006/xbrldicik0001464413_S000037782Memberdei_LegalEntityAxisexplicitMembernanafalse02false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 18pt; font-family: Times New Roman; font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font></div> <div style="margin-left: 0pt; display: block; line-height: 20.5pt; margin-right: 0pt; text-indent: 0pt;" align="center"><strong><font size="5" class="_mt"> </font></strong> <div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Institutional Class Shares (AVOLX) </font></div> <div style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="center"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">Advisor Class Shares (AVOAX)</font></div></div></div></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false03false 4rr_ObjectiveHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><strong><font size="2" class="_mt">INVESTMENT OBJECTIVES</font></strong></div>falsefalsefalsexbrli:stringItemTypestringInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a false04false 4rr_ObjectivePrimaryTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">The <font class="_mt" style="font-weight: bold; display: inline;">Arin Large Cap Theta Fund</font> seeks maximum relative total return versus the S&amp;P 500 Stock Index through a combination of capital appreciation and current income.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaInvestment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 -Subsection a false05false 4rr_ExpenseHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="left"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; font-weight: bold; display: inline;">FEES AND EXPENSES OF THE FUND</font></div>falsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then 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, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. 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 may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 1 -Subparagraph d false06false 4rr_ExpenseNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div> <div class="MetaData" style="margin-left: 0pt; display: block; line-height: 11.4pt; margin-right: 0pt; text-indent: 0pt;" align="justify"><font class="_mt" style="font-size: 10pt; font-family: Times New Roman; display: inline;">These tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></div> </div>falsefalsefalsenonnum:textBlockItemTypenaThis table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection instructions -Paragraph 1 -Subparagraph b false07false 4rr_ShareholderFeesCaptionrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<div class="MetaData"> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">Shareholder Fees</font></b><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p> <p class="MsoNormal" style="font-size: 11pt; font-family: 'Calibri','sans-serif'; margin: 0in 0in 0pt; line-height: 11.4pt;"><i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';">(fees paid directly from your investment)</font></i><font class="_mt" style="font-size: 10pt; font-family: 'Times New Roman','serif';"> </font></p></div>falsefalsefalsexbrli:stringItemTypestringShareholder Fees (fees paid directly from your investment).Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 3 -Subsection table -Paragraph 1 false08false 4rr_ShareholderFeesTableTextBlockrr_