XBRL Filing

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. You may qualify for sales charge discounts on Class A shares if you or your family invest, or agree to invest in the future, at least $25,000 in the Fund. More information about these and other discounts is available from your financial professional and under “Shareholder Information – Sales Charge on Class A Shares” beginning on page 12 of the Prospectus and under “Purchase and Redemption of Fund Shares – Sales Charge on Class A Shares” in the Fund’s SAI on page 26.

Shareholder Fees Caption [Text]

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Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text]

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Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Portfolio Turnover [Heading]

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Portfolio Turnover

Portfolio Turnover [Text Block]

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The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 97.73% of the average value of its portfolio.

Portfolio Turnover, Rate

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97.73%

Expense Example [Heading]

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Example

Expense Example Narrative [Text Block]

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This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading]

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Principal Investment Strategies of the Fund

Strategy Narrative [Text Block]

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To achieve its investment objective, the Fund will invest primarily in US and foreign equity securities, including both common and preferred stocks, and shares of other investment companies. The Fund may invest up to 50% of its net assets in options for hedging purposes and income generation through covered calls. The Fund may invest in companies of any size. The Fund may invest up to 25% of its net assets in U.S. Government or U.S. agency obligations. Additionally, the Fund may have up to 75% of its net assets invested directly or indirectly in foreign equity securities, including investments in emerging equity markets.

The Fund may invest up to 25% of its net assets in debt securities of varying maturities including debt securities that fall below investment grade debt (securities rated below BBB by Standard & Poor’s Ratings Services (“S&P”) or below Baa by Moody’s Investors Service, Inc. (“Moody’s”)) — commonly referred to as “junk bonds” or “high yield bonds.”

The Adviser selects investments for the Fund using a quantitative and qualitative screening process which screens on a daily basis a wide universe of equity and debt securities that are subject to strict growth and valuation criteria which are proprietary in measurement. Securities in the Fund’s portfolio are weighted according to the Adviser’s projected return expectations. The Adviser’s disciplined investment process seeks to yield a portfolio that is amply diversified across a wide spectrum of sectors. In general, the Adviser may sell an investment when it reaches its target price, when the position grows too large, when the company's financial position or outlook deteriorates, when an anticipated business catalyst for the investment does not materialize as expected, or to make room in the Fund for a more attractive investment.

Risk [Heading]

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Principal Risks of Investing in the Fund

Risk Narrative [Text Block]

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Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund. The principal risks of investing in the Fund are:

· Management Risk. Risk that the Adviser’s investment strategies for the Fund may not result in an increase in the value of your investment or in overall performance equal to other investments.

· General Market Risk. Risk that the value of the Fund’s shares will fluctuate based on the performance of the Fund’s investments and other factors affecting the securities markets generally.

· Equity Market Risk. Common stocks are susceptible to general stock market fluctuations and to volatile increases and decreases in value as market confidence in and perceptions of their issuers change. Preferred stocks are subject to the risk that the dividend on the stock may be changed or omitted by the issuer, and that participation in the growth of an issuer may be limited.

· Shares of Other Investment Companies Risk. You will indirectly bear fees and expenses charged by the underlying funds in which the Fund may invest in addition to the Fund’s direct fees and expenses and, as a result, your cost of investing in the Fund will generally be higher than the cost of investing directly in the underlying fund shares.

· Convertible Securities Risk. The market value of a convertible security performs like that of a regular debt security, that is, if market interest rates rise, the value of the convertible security falls.

· Mid-Cap Company Risk. The risk that the mid-cap companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, these mid-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets and financial resources, and may depend upon a relatively small management group. Therefore, mid-cap stocks may be more volatile than those of larger companies.

· Small-and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies may be more volatile and less liquid than the securities of companies with larger market capitalizations. These small-cap companies may not have the management experience, financial resources, product diversification and competitive strengths of large- or mid-cap companies, and, therefore, their securities tend to be more volatile than the securities of larger, more established companies.

· Foreign Securities and Emerging Markets Risks. Investing in foreign securities includes risks relating to political, social and economic developments abroad and differences between U.S. and foreign regulatory requirements and market practices, including fluctuations in foreign currencies. Countries in emerging markets are generally more volatile and can have relatively unstable governments, social and legal systems that do not protect shareholders, economies based on only a few industries, and securities markets that trade a small number of issues.

· Debt Securities Risks. Interest rates may go up resulting in a decrease in the value of the debt securities held by the Fund. Investments in debt securities include credit risk, which is the risk that an issuer will not make timely payments of principal and interest. There is also the risk that a bond issuer may “call,” or repay, its high yielding bonds before their maturity dates. Debt securities subject to prepayment can offer less potential for gains during a declining interest rate environment and similar or greater potential for loss in a rising interest rate environment. Limited trading opportunities for certain debt securities may make it more difficult to sell or buy a security at a favorable price or time.

· Junk Bonds Risk. Investments in junk bonds involve a greater risk of default and are subject to a substantially higher degree of credit risk or price changes than other types of debt securities.

· U.S. Government and U.S. Agency Obligations Risk. The risk that there can be no assurance that the U.S. Government would provide financial support to its agencies or instrumentalities (including government-sponsored enterprises) who issue or guarantee certain securities where it is not obligated to do so.

· Options Risk. Options may be more volatile than investments directly in the underlying securities, involve additional costs and may involve a small initial investment relative to the risk assumed. In addition, the value of an option may not correlate perfectly to the underlying security or securities index or overall securities markets.

· Tax Risk. Certain of the Fund’s investment strategies involving transactions in options may be subject to the special tax rules, the effect of which may have adverse tax consequences for the Fund, which may result in adverse tax consequences for the Fund’s shareholders.

Risk Lose Money [Text]

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Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.

Bar Chart and Performance Table [Heading]

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Past Performance

Performance Narrative [Text Block]

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The performance information below 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 with those of a broad-based market index and a performance average of similar mutual funds. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Performance Past Does Not Indicate Future [Text]

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The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Bar Chart [Heading]

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Oracle Mutual Fund

Calendar Year returns as of December 31,*

Annual Return 2011

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(33.58%)

Bar Chart Closing [Text Block]

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*For the calendar year ending 2011 reflects the period January 3, 2011 through December 31, 2011. This period is a full trading calendar year.

The calendar year-to-date return for the Fund as of November 30, 2011 was -20.16%. During the period shown, the highest return for a quarter was 13.03% (quarter ended December 31, 2011); and the lowest return was -37.34% (quarter ended September 30, 2011).

Highest Quarterly Return, Label

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Highest return for a quarter

Highest Quarterly Return, Date

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Dec. 31, 2011

Highest Quarterly Return

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13.03%

Lowest Quarterly Return, Label

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Lowest return for a quarter

Lowest Quarterly Return, Date

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Sep. 30, 2011

Lowest Quarterly Return

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(37.34%)

Performance Table Heading

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AVERAGE ANNUAL TOTAL RETURNS

(for the periods ended December 31, 2011)

Performance Table Uses Highest Federal Rate

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After-tax returns are calculated using the historical highest individual federal marginal income tax rates

Performance Table Not Relevant to Tax Deferred

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After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

Oracle Mutual Fund | - Comparison Index - MSCI World Index (reflects no deductions for fees, expenses, or taxes)

Risk/Return:

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1 Year

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(5.63%)

^[4]

Since Inception

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(5.63%)

^[4],[6]

Oracle Mutual Fund | Class A

Risk/Return:

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Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)

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5.25%

Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the original offering price or the redemption proceeds on shares redeemed within 12 months of purchase)

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0.50%

Redemption Fee (as a percentage of amount redeemed on shares held 30 days or less){neg}

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(0.50%)

Management Fees

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0.75%

Distribution (12b-1) Fees

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0.25%

^[1]

Other Expenses

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1.25%

^[2]

Total Annual Fund Operating Expenses

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2.25%

Fee Waiver/Expense Reimbursement

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(0.75%)

^[3]

Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement

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1.50%

Expense Example, with Redemption, 1 Year

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670

Expense Example, with Redemption, 3 Years

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1,123

1 Year

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(37.07%)

Since Inception

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(37.07%)

^[6]

Oracle Mutual Fund | Class A | Return After Taxes on Distributions

Risk/Return:

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1 Year

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(37.07%)

^[5]

Since Inception

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(37.07%)

^[5],[6]

Oracle Mutual Fund | Class A | Return After Taxes on Distributions and Sale of Fund Shares

Risk/Return:

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1 Year

rr_AverageAnnualReturnYear01

24.09%

^[5]

Since Inception

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(24.09%)

^[5],[6]

Oracle Mutual Fund | Class I

Risk/Return:

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Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the original offering price or the redemption proceeds on shares redeemed within 12 months of purchase)

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none

Redemption Fee (as a percentage of amount redeemed on shares held 30 days or less){neg}

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(0.50%)

Management Fees

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0.75%

Distribution (12b-1) Fees

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none

^[1]

Other Expenses

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0.60%

^[2]

Total Annual Fund Operating Expenses

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1.35%

Fee Waiver/Expense Reimbursement

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(0.60%)

^[3]

Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement

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0.75%

Expense Example, with Redemption, 1 Year

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Expense Example, with Redemption, 3 Years

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368

Shareholder Fees Oracle Mutual Fund

Class A

Class I

Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)

5.25%

none

Maximum Deferred Sales Charge (Load) (as a percentage of the lower of the original offering price or the redemption proceeds on shares redeemed within 12 months of purchase)

0.50%

none

Redemption Fee (as a percentage of amount redeemed on shares held 30 days or less)

0.50%

Annual Fund Operating Expenses Oracle Mutual Fund

Class A

Class I

Management Fees

0.75%

Distribution (12b-1) Fees

^[1]

0.25%

none

Other Expenses

^[2]

1.25%

0.60%

Total Annual Fund Operating Expenses

2.25%

1.35%

Fee Waiver/Expense Reimbursement

^[3]

(0.75%)

(0.60%)

Total Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement

1.50%

0.75%

Expense Example Oracle Mutual Fund (USD $)

Expense Example, with Redemption, 1 Year

Expense Example, with Redemption, 3 Years

Class A

670

1,123

Class I

368

Average Annual Total Returns Oracle Mutual Fund

1 Year

Since Inception

- Comparison Index - MSCI World Index (reflects no deductions for fees, expenses, or taxes)

^[1]

(5.63%)

^[2]

Class A

(37.07%)

^[2]

Class A Return After Taxes on Distributions

^[3]

(37.07%)

^[2]

Class A Return After Taxes on Distributions and Sale of Fund Shares

^[3]

24.09%

(24.09%)

^[2]

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933		[X]
Pre-Effective Amendment No.		[ ]
Post-Effective Amendment No.	3	{X}


Signature	Title
* /s/ Daniel Friedlander Daniel Friedlandrer * /s/ Paul Kirschner Paul Kirschner * /s/ Zachary Franks Zachary Franks /s/ Laurence I. Balter Laurence I. Balter /s/ Laurence I. Balter * Laurence I. Balter	Trustee January 10, 2013 Trustee January 10, 2013 Trustee January 10, 2013 President and Trustee January 10, 2013 Power of Attorney January 10, 2013

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940			[X]
Amendment No.	3