485BPOS

Filed with the Securities and Exchange Commission on October 31, 2018

1933 Act Registration File No. 333-172080

1940 Act File No. 811-22525

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933		[	X	]
Pre-Effective Amendment No.		[		]
Post-Effective Amendment No.	388	[	X	]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940		[	X	]
Amendment No.	389	[	X	]

(Check appropriate box or boxes.)

MANAGED PORTFOLIO SERIES

(Exact Name of Registrant as Specified in Charter)

615 East Michigan Street

Milwaukee, WI  53202

(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code:  (414) 765-6802

James R. Arnold, President and Principal Executive Officer

Managed Portfolio Series

615 East Michigan Street

Milwaukee, WI  53202

(Name and Address of Agent for Service)

Copy to:

Michael P. O’Hare, Esq.

Stradley Ronon Stevens & Young, LLP.

2005 Market Street, Suite 2600

Philadelphia, PA 19103

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

[	X	]	immediately upon filing pursuant to paragraph (b)
[		]	On (date) pursuant to paragraph (b)
[		]	60 days after filing pursuant to paragraph (a)(1)
[		]	on (date) pursuant to paragraph (a)(1)
[		]	75 days after filing pursuant to paragraph (a)(2)
[		]	on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

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

Explanatory Note: This Post-Effective Amendment (“PEA”) No. 388 to the Registration Statement of Managed Portfolio Series (the “Trust”) on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 386 on Form N-1A filed on October 26, 2018.  This PEA No. 388 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 386 to the Trust’s Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 388 meets all of the requirements for effectiveness under Rule 485(b) and the Registrant has duly caused this Post-Effective Amendment No. 388 to its Registration Statement on Form N-1A to be signed below on its behalf by the undersigned, duly authorized, in the City of Milwaukee and State of Wisconsin, on the 31st day of October, 2018.

Managed Portfolio Series

By: /s/ Deborah C. Ward                       

Deborah C. Ward

Vice President

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on the 31st day of October, 2018.

Signature		Title
Robert J. Kern*		Trustee
Robert J. Kern
David A. Massart*		Trustee
David A. Massart
Leonard M. Rush*		Trustee
Leonard M. Rush
David M. Swanson*		Trustee
David M. Swanson
/s/ Deborah C. Ward		Vice President and Acting Principal Executive Officer
Deborah C. Ward
/s/ Brian R. Wiedmeyer		Treasurer, Principal Financial Officer and Principal Accounting Officer
Brian R. Wiedmeyer
*By:	/s/ Brian R. Wiedmeyer
	Brian R. Wiedmeyer, Attorney-In-Fact pursuant to Power of Attorney

1

INDEX TO EXHIBITS

Exhibit	Exhibit No.
Instance Document	EX-101.INS
Schema Document	EX-101.SCH
Calculation Linkbase Document	EX-101.CAL
Definition Linkbase Document	EX-101.DEF
Label Linkbase Document	EX-101.LAB
Presentation Linkbase Document	EX-101.PRE

2

XML

Document and Entity Information	Total
Prospectus:
Document Type	485BPOS
Document Period End Date	Jun. 30, 2018
Registrant Name	Managed Portfolio Series
Central Index Key	0001511699
Amendment Flag	false
Document Creation Date	Oct. 26, 2018
Document Effective Date	Oct. 28, 2018
Prospectus Date	Oct. 28, 2018
Olstein All Cap Value Fund | Adviser Class
Prospectus:
Trading Symbol	OFAFX
Olstein All Cap Value Fund | Class C
Prospectus:
Trading Symbol	OFAVX
Olstein All Cap Value Fund | Class A
Prospectus:
Trading Symbol	OFALX
Olstein Strategic Opportunities Fund | Adviser Class
Prospectus:
Trading Symbol	OFSFX
Olstein Strategic Opportunities Fund | Class A
Prospectus:
Trading Symbol	OFSAX
Olstein Strategic Opportunities Fund | Class C
Prospectus:
Trading Symbol	OFSCX

XML

Olstein All Cap Value Fund

Olstein All Cap Value Fund

Investment Objective

The Olstein All Cap Value Fund’s (the “Fund” or “All Cap Value Fund”) primary investment objective is long-term capital appreciation

and its secondary objective is income.

Fees and Expenses of the Fund

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 if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or another series of the Trust managed by Olstein Capital Management, L.P. (“OCM” or the “Adviser”).  Sales load waivers may vary by financial intermediary. For more information on specific financial intermediary sales loads and waivers, see Appendix A to the statutory Prospectus. More information about these and other discounts is available from your financial adviser and in the Prospectus under the section entitled “Shareholder Information – Class Descriptions” on page 32 of the Fund’s statutory prospectus.  The table below does not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees - Olstein All Cap Value Fund	Adviser Class	Class A		Class C
Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)	none	5.50%		none
Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)	none	none	[1]	1.00%

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

Annual Fund Operating Expenses - Olstein All Cap Value Fund		Adviser Class	Class A		Class C
Management Fees		1.00%	1.00%		1.00%
Distribution and Service (Rule 12b-1) Fees		none	0.25%		1.00%
Other Expenses		0.16%	0.16%	[1]	0.16%
Acquired Fund Fees and Expenses	[2]	0.02%	0.02%		0.02%
Total Annual Fund Operating Expenses	[2],[3]	1.18%	1.43%		2.18%

Expense Example

The expense examples below are intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The examples assume that you invest $10,000 for the time periods indicated and then either redeem or do not redeem your shares at the end of those periods.  The examples also assume that your investment has a 5% return each year and that the operating expenses remain the same.  The examples below do not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example - Olstein All Cap Value Fund - USD ($)	1 Year	3 Years	5 Years	10 Years
Adviser Class	120	375	649	1,432
Class A	688	978	1,289	2,169
Class C	221	682	1,169	2,513

Expense Example No Redemption	1 Year	3 Years	5 Years	10 Years
Olstein All Cap Value Fund | Class C | USD ($)	321	682	1,169	2,513

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year ended June 30, 2018, the All Cap Value Predecessor Fund’s portfolio turnover rate was 53.79% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to achieve its objectives by investing primarily in a diversified portfolio of common stocks that the Fund’s investment adviser, Olstein Capital Management, L.P. (“OCM”), believes are significantly undervalued.  OCM follows an accounting-driven, value-oriented approach that emphasizes looking behind the numbers of financial statements based on the belief that the price of a common stock may not reflect the intrinsic value of the issuing company’s underlying business. The Fund uses several valuation methods to determine private market value, all of which emphasize expected future free cash flow.  Future free cash flow represents the cash that a company is able to generate from operations after any required investment to maintain or expand its asset base (i.e., after required capital expenditures and working capital needs).

When evaluating the value of stocks for the Fund, OCM undertakes an in-depth analysis of financial statements, as it seeks to identify early signs of potential changes in a company’s ability to generate sustainable free cash flow as well as its potential to grow that may not be recognized by the financial markets.  When determining sustainable free cash flow and the quality of earnings, OCM assesses the accounting practices and assumptions used to construct financial statements against the economic reality of the company’s business.  OCM believes that in-depth analysis of financial statements reveals the success of a company’s strategy, the sustainability of its performance and the impact of management decisions on future cash flow.  OCM further believes that such an analysis is more useful to an investor than management forecasts or earnings guidance.

OCM believes stock prices often fall below a company’s private market value as a result of a short-term focus on, or an overreaction to, negative information regarding the company or its industry, or negative overall market psychology.  The Fund seeks to capitalize on market volatility and the valuation extremes specific to a company by purchasing its stock at a discount to OCM’s estimate of private market value, which could result in above-average capital appreciation if such discount is corrected by market forces or other catalysts that change perceptions.

The Fund’s bottom-up analysis seeks to identify companies with unique business fundamentals and a competitive edge, which usually provide a greater predictability of future free cash flow.  Companies with free cash flow have the potential to enhance shareholder value by increasing dividends, repurchasing shares, reducing debt, engaging in strategic acquisitions, withstanding an economic downturn without adopting harmful short term strategies or being an attractive acquisition target.

The Fund will invest in companies without regard to whether they are conventionally categorized as small, medium, or large capitalization or whether they are characterized as growth, value, cyclical, or any other category .  OCM’s assessment of a company’s intrinsic value relative to its market price is the key determinant influencing all investment decisions.  The Fund may invest up to 20% of its net assets in foreign securities that are traded in U.S. dollars, and will limit the Fund’s foreign investments to investments in developed countries, rather than countries with developing or emerging markets.

Principal Risks

As with any mutual fund, there are risks to investing.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.  Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time.  The principal risks of investing in the Fund are:

General Market Risk. The Fund’s net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities selected for the Fund’s portfolio may be worth less than the price originally paid for them, or less than they were worth at an earlier time.

Management Risk.  The Fund is actively managed and may not meet its investment objective or may underperform the market or other mutual funds with similar strategies if OCM cannot successfully implement the Fund’s investment strategies.

Equity Securities Risk.  The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value.  This may occur because of factors that affect securities markets generally or factors affecting specific industries, sectors, geographic markets or companies in which the Fund invests.

Small- and Mid-Sized Company Risk.  Small- and mid-sized companies may be more vulnerable to adverse business or economic events than larger, more established companies.  In particular, these companies may have an unproven or narrow technological base and limited product lines, distribution channels, and market and financial resources, and small capitalization companies also may be dependent on entrepreneurial management, making the companies more susceptible to certain setbacks and reversals.

Value-Style Investing Risk.  The Fund uses a value-oriented investment approach.  However, a particular value stock may not increase in price as anticipated by OCM (and may actually decline in price) if other investors fail to recognize the stock’s value or if a catalyst that OCM believes will increase the price of the stock does not occur or does not affect the price of the stock in the manner or to the degree anticipated.

Foreign Investing Risk.  Investing in foreign companies typically involves more risks than investing in U.S. companies.  These risks can increase the potential for losses in the Fund and may include risks related to currency exchange rate fluctuations, country or government specific issues (for example, terrorism, war, social and economic instability, currency devaluations, and restrictions on foreign investment or the movement of assets), unfavorable trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility.

Performance

The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class C shares of the All Cap Value Predecessor Fund from year to year and by showing how the average annual returns of Class C shares and Adviser Class shares of the All Cap Value Predecessor Fund over time compare to the performance of the Russell 3000^® Value Index and Russell 3000^® Index.  The Russell 3000^® Value Index and Russell 3000^® Index represent broad measures of market performance.  Fund returns shown in the performance table reflect the contingent deferred sales charge of 1.00% during the one year period for the Class C shares. The All Cap Value Predecessor Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at http://www.olsteinfunds.com or by calling or by calling (800) 799‑2113.

The returns presented below reflect the performance of the Olstein All Cap Value Fund series of The Olstein Funds (the “All Cap Value Predecessor Fund”).  The Fund has adopted the performance of the All Cap Value Predecessor Fund as the result of a reorganization in which the Fund acquired all the assets and liabilities of the All Cap Value Predecessor Fund (the “Reorganization”).  Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not commenced operations.

OCM served as investment adviser to the All Cap Value Predecessor Fund since inception and will continue to serve as investment adviser to the Fund.

Calendar Year Total Returns as of December 31:

Best Quarter	Worst Quarter
Q2 2009 21.54%	Q4 2008 -28.36%
Year-to-Date as of September 30 , 2018
4.56%

Average Annual Total Returns for the periods ended December 31, 2017

Average Annual Returns - Olstein All Cap Value Fund	Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years	Average Annual Returns, Since Inception
Class C	Class C Return Before Taxes	13.29%	12.60%	5.97%	10.23%
Adviser Class	Adviser Class Return Before Taxes	15.39%	13.69%	6.88%	8.06%
After Taxes on Distributions | Class C	Class C Return After Taxes on Distributions	11.71%	11.43%	5.42%	8.42%
After Taxes on Distributions and Sale of Fund Shares | Class C	Class C Return After Taxes on Distributions and Sale of Fund Shares	8.80%	9.95%	4.74%	8.03%
Russell 3000® Value Index	Russell 3000® Value Index	13.19%	13.95%	7.19%	9.38%
Russell 3000® Index	Russell 3000® Index	21.13%	15.58%	8.60%	9.16%

Average annual total returns for Class A shares would have been substantially similar to those for other classes offered by the Fund because each class of shares would have invested in the same portfolio of securities, and the annual returns would differ only to the extent that the classes have different expenses. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on your situation and may differ from those shown.  In certain cases, the figure representing Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period.  A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.  After-tax returns are shown for Class C shares only and after-tax returns for other classes will vary to the extent they have different expenses. Furthermore, after-tax returns are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).

[1] Purchases of $1 million or more, or purchases into account(s) with accumulated value of $1 million or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of the purchase date.

[1] Other Expenses for the Class A shares are based on estimates for the current fiscal year.

[2] "Total Annual Fund Operating Expenses" shown in the table above are based on estimates for the current fiscal year and differ from the ratio of expenses to average net assets shown in the Financial Highlights. In addition, to the extent the Fund incurs acquired fund fees and expenses, they would be included in the table above but not in the ratio of expenses to average net assets shown in the Financial Highlights.

[3] "Total Annual Fund Operating Expenses" shown in the above table reflect current fees for the Fund, rather than those of the Fund's predecessor, the Olstein All Cap Value Fund series of The Olstein Funds (the "All Cap Value Predecessor Fund"), and therefore are based on estimates for the current fiscal year.

XML

Label

Element

Value

Olstein All Cap Value Fund

Risk/Return:

rr_RiskReturnAbstract

Risk/Return [Heading]

rr_RiskReturnHeading

Olstein All Cap Value Fund

Objective [Heading]

rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block]

rr_ObjectivePrimaryTextBlock

The Olstein All Cap Value Fund’s (the “Fund” or “All Cap Value Fund”) primary investment objective is long-term capital appreciation

Objective, Secondary [Text Block]

rr_ObjectiveSecondaryTextBlock

and its secondary objective is income.

Expense [Heading]

rr_ExpenseHeading

Fees and Expenses of the Fund

Expense Narrative [Text Block]

rr_ExpenseNarrativeTextBlock

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 if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or another series of the Trust managed by Olstein Capital Management, L.P. (“OCM” or the “Adviser”).  Sales load waivers may vary by financial intermediary. For more information on specific financial intermediary sales loads and waivers, see Appendix A to the statutory Prospectus. More information about these and other discounts is available from your financial adviser and in the Prospectus under the section entitled “Shareholder Information – Class Descriptions” on page 32 of the Fund’s statutory prospectus.  The table below does not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Shareholder Fees Caption [Text]

rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

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

Portfolio Turnover [Heading]

rr_PortfolioTurnoverHeading

Portfolio Turnover

Portfolio Turnover [Text Block]

rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year ended June 30, 2018, the All Cap Value Predecessor Fund’s portfolio turnover rate was 53.79% of the average value of its portfolio.

Portfolio Turnover, Rate

rr_PortfolioTurnoverRate

53.79%

Expense Breakpoint Discounts [Text]

rr_ExpenseBreakpointDiscounts

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or another series of the Trust managed by Olstein Capital Management, L.P. (“OCM” or the “Adviser”).

Expense Breakpoint, Minimum Investment Required [Amount]

rr_ExpenseBreakpointMinimumInvestmentRequiredAmount

$ 50,000

Expenses Restated to Reflect Current [Text]

rr_ExpensesRestatedToReflectCurrent

“Total Annual Fund Operating Expenses” shown in the above table reflect current fees for the Fund, rather than those of the Fund’s predecessor, the Olstein All Cap Value Fund series of The Olstein Funds (the “All Cap Value Predecessor Fund”), and therefore are based on estimates for the current fiscal year.

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]

rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees

“Total Annual Fund Operating Expenses” shown in the table above are based on estimates for the current fiscal year and differ from the ratio of expenses to average net assets shown in the Financial Highlights. In addition, to the extent the Fund incurs acquired fund fees and expenses, they would be included in the table above but not in the ratio of expenses to average net assets shown in the Financial Highlights.

Expense Example [Heading]

rr_ExpenseExampleHeading

Expense Example

Expense Example Narrative [Text Block]

rr_ExpenseExampleNarrativeTextBlock

The expense examples below are intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The examples assume that you invest $10,000 for the time periods indicated and then either redeem or do not redeem your shares at the end of those periods.  The examples also assume that your investment has a 5% return each year and that the operating expenses remain the same.  The examples below do not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Expense Example by, Year, Caption [Text]

rr_ExpenseExampleByYearCaption

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Strategy [Heading]

rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block]

rr_StrategyNarrativeTextBlock

The Fund seeks to achieve its objectives by investing primarily in a diversified portfolio of common stocks that the Fund’s investment adviser, Olstein Capital Management, L.P. (“OCM”), believes are significantly undervalued.  OCM follows an accounting-driven, value-oriented approach that emphasizes looking behind the numbers of financial statements based on the belief that the price of a common stock may not reflect the intrinsic value of the issuing company’s underlying business. The Fund uses several valuation methods to determine private market value, all of which emphasize expected future free cash flow.  Future free cash flow represents the cash that a company is able to generate from operations after any required investment to maintain or expand its asset base (i.e., after required capital expenditures and working capital needs).

When evaluating the value of stocks for the Fund, OCM undertakes an in-depth analysis of financial statements, as it seeks to identify early signs of potential changes in a company’s ability to generate sustainable free cash flow as well as its potential to grow that may not be recognized by the financial markets.  When determining sustainable free cash flow and the quality of earnings, OCM assesses the accounting practices and assumptions used to construct financial statements against the economic reality of the company’s business.  OCM believes that in-depth analysis of financial statements reveals the success of a company’s strategy, the sustainability of its performance and the impact of management decisions on future cash flow.  OCM further believes that such an analysis is more useful to an investor than management forecasts or earnings guidance.

OCM believes stock prices often fall below a company’s private market value as a result of a short-term focus on, or an overreaction to, negative information regarding the company or its industry, or negative overall market psychology.  The Fund seeks to capitalize on market volatility and the valuation extremes specific to a company by purchasing its stock at a discount to OCM’s estimate of private market value, which could result in above-average capital appreciation if such discount is corrected by market forces or other catalysts that change perceptions.

The Fund’s bottom-up analysis seeks to identify companies with unique business fundamentals and a competitive edge, which usually provide a greater predictability of future free cash flow.  Companies with free cash flow have the potential to enhance shareholder value by increasing dividends, repurchasing shares, reducing debt, engaging in strategic acquisitions, withstanding an economic downturn without adopting harmful short term strategies or being an attractive acquisition target.

The Fund will invest in companies without regard to whether they are conventionally categorized as small, medium, or large capitalization or whether they are characterized as growth, value, cyclical, or any other category .  OCM’s assessment of a company’s intrinsic value relative to its market price is the key determinant influencing all investment decisions.  The Fund may invest up to 20% of its net assets in foreign securities that are traded in U.S. dollars, and will limit the Fund’s foreign investments to investments in developed countries, rather than countries with developing or emerging markets.

Risk [Heading]

rr_RiskHeading

Principal Risks

Risk Narrative [Text Block]

rr_RiskNarrativeTextBlock

As with any mutual fund, there are risks to investing.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.  Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time.  The principal risks of investing in the Fund are:

General Market Risk. The Fund’s net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities selected for the Fund’s portfolio may be worth less than the price originally paid for them, or less than they were worth at an earlier time.

Management Risk.  The Fund is actively managed and may not meet its investment objective or may underperform the market or other mutual funds with similar strategies if OCM cannot successfully implement the Fund’s investment strategies.

Equity Securities Risk.  The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value.  This may occur because of factors that affect securities markets generally or factors affecting specific industries, sectors, geographic markets or companies in which the Fund invests.

Small- and Mid-Sized Company Risk.  Small- and mid-sized companies may be more vulnerable to adverse business or economic events than larger, more established companies.  In particular, these companies may have an unproven or narrow technological base and limited product lines, distribution channels, and market and financial resources, and small capitalization companies also may be dependent on entrepreneurial management, making the companies more susceptible to certain setbacks and reversals.

Value-Style Investing Risk.  The Fund uses a value-oriented investment approach.  However, a particular value stock may not increase in price as anticipated by OCM (and may actually decline in price) if other investors fail to recognize the stock’s value or if a catalyst that OCM believes will increase the price of the stock does not occur or does not affect the price of the stock in the manner or to the degree anticipated.

Foreign Investing Risk.  Investing in foreign companies typically involves more risks than investing in U.S. companies.  These risks can increase the potential for losses in the Fund and may include risks related to currency exchange rate fluctuations, country or government specific issues (for example, terrorism, war, social and economic instability, currency devaluations, and restrictions on foreign investment or the movement of assets), unfavorable trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility.

Risk Lose Money [Text]

rr_RiskLoseMoney

As with any mutual fund, there are risks to investing.

Risk Not Insured Depository Institution [Text]

rr_RiskNotInsuredDepositoryInstitution

An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.

Bar Chart and Performance Table [Heading]

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Performance

Performance Narrative [Text Block]

rr_PerformanceNarrativeTextBlock

The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class C shares of the All Cap Value Predecessor Fund from year to year and by showing how the average annual returns of Class C shares and Adviser Class shares of the All Cap Value Predecessor Fund over time compare to the performance of the Russell 3000^® Value Index and Russell 3000^® Index.  The Russell 3000^® Value Index and Russell 3000^® Index represent broad measures of market performance.  Fund returns shown in the performance table reflect the contingent deferred sales charge of 1.00% during the one year period for the Class C shares. The All Cap Value Predecessor Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at http://www.olsteinfunds.com or by calling or by calling (800) 799‑2113.

The returns presented below reflect the performance of the Olstein All Cap Value Fund series of The Olstein Funds (the “All Cap Value Predecessor Fund”).  The Fund has adopted the performance of the All Cap Value Predecessor Fund as the result of a reorganization in which the Fund acquired all the assets and liabilities of the All Cap Value Predecessor Fund (the “Reorganization”).  Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not commenced operations.

OCM served as investment adviser to the All Cap Value Predecessor Fund since inception and will continue to serve as investment adviser to the Fund.

Performance Information Illustrates Variability of Returns [Text]

rr_PerformanceInformationIllustratesVariabilityOfReturns

The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class C shares of the All Cap Value Predecessor Fund from year to year and by showing how the average annual returns of Class C shares and Adviser Class shares of the All Cap Value Predecessor Fund over time compare to the performance of the Russell 3000® Value Index and Russell 3000® Index.

Performance Availability Phone [Text]

rr_PerformanceAvailabilityPhone

(800) 799‑2113

Performance Availability Website Address [Text]

rr_PerformanceAvailabilityWebSiteAddress

http://www.olsteinfunds.com

Performance Past Does Not Indicate Future [Text]

rr_PerformancePastDoesNotIndicateFuture

The All Cap Value Predecessor 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]

rr_BarChartHeading

Calendar Year Total Returns as of December 31:

Bar Chart Closing [Text Block]

rr_BarChartClosingTextBlock

Best Quarter	Worst Quarter
Q2 2009 21.54%	Q4 2008 -28.36%
Year-to-Date as of September 30 , 2018
4.56%

Year to Date Return, Label

rr_YearToDateReturnLabel

Year-to-Date

Bar Chart, Year to Date Return, Date

rr_BarChartYearToDateReturnDate

Sep. 30, 2018

Bar Chart, Year to Date Return

rr_BarChartYearToDateReturn

4.56%

Highest Quarterly Return, Label

rr_HighestQuarterlyReturnLabel

Best Quarter

Highest Quarterly Return, Date

rr_BarChartHighestQuarterlyReturnDate

Jun. 30, 2009

Highest Quarterly Return

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21.54%

Lowest Quarterly Return, Label

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Worst Quarter

Lowest Quarterly Return, Date

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Dec. 31, 2008

Lowest Quarterly Return

rr_BarChartLowestQuarterlyReturn

(28.36%)

Performance Table Does Reflect Sales Loads

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Fund returns shown in the performance table reflect the contingent deferred sales charge of 1.00% during the one year period for the Class C shares.

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 and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred

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Furthermore, after-tax returns are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).

Performance Table One Class of after Tax Shown [Text]

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After-tax returns are shown for Class C shares only and after-tax returns for other classes will vary to the extent they have different expenses.

Performance Table Explanation after Tax Higher

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In certain cases, the figure representing Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period.

Performance Table Closing [Text Block]

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Average annual total returns for Class A shares would have been substantially similar to those for other classes offered by the Fund because each class of shares would have invested in the same portfolio of securities, and the annual returns would differ only to the extent that the classes have different expenses. After tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on your situation and may differ from those shown.  In certain cases, the figure representing Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period.  A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.  After-tax returns are shown for Class C shares only and after-tax returns for other classes will vary to the extent they have different expenses. Furthermore, after-tax returns are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).

Caption

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Average Annual Total Returns for the periods ended December 31, 2017

Olstein All Cap Value Fund | Russell 3000® Value Index

Risk/Return:

rr_RiskReturnAbstract

Label

rr_AverageAnnualReturnLabel

Russell 3000® Value Index

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

13.19%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

13.95%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

7.19%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

9.38%

Olstein All Cap Value Fund | Russell 3000® Index

Risk/Return:

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Label

rr_AverageAnnualReturnLabel

Russell 3000® Index

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

21.13%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

15.58%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

8.60%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

9.16%

Olstein All Cap Value Fund | Adviser Class

Risk/Return:

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Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution and Service (Rule 12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.16%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.02%

^[1]

Total Annual Fund Operating Expenses

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1.18%

^[1],[2]

Expense Example, with Redemption, 1 Year

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$ 120

Expense Example, with Redemption, 3 Years

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375

Expense Example, with Redemption, 5 Years

rr_ExpenseExampleYear05

649

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

$ 1,432

Annual Return 2008

rr_AnnualReturn2008

(43.80%)

Annual Return 2009

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37.01%

Annual Return 2010

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16.17%

Annual Return 2011

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(4.30%)

Annual Return 2012

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15.30%

Annual Return 2013

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36.41%

Annual Return 2014

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15.03%

Annual Return 2015

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(9.51%)

Annual Return 2016

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11.53%

Annual Return 2017

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13.29%

Label

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Adviser Class Return Before Taxes

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

15.39%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

13.69%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

6.88%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

8.06%

Olstein All Cap Value Fund | Class A

Risk/Return:

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Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

5.50%

Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

^[3]

Management Fees

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1.00%

Distribution and Service (Rule 12b-1) Fees

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0.25%

Other Expenses

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0.16%

^[4]

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.02%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.43%

^[1],[2]

Expenses Deferred Charges [Text Block]

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Purchases of $1 million or more, or purchases into account(s) with accumulated value of $1 million or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of the purchase date.

Other Expenses, New Fund, Based on Estimates [Text]

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Other Expenses for the Class A shares are based on estimates for the current fiscal year.

Expense Example, with Redemption, 1 Year

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$ 688

Expense Example, with Redemption, 3 Years

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978

Expense Example, with Redemption, 5 Years

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1,289

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

$ 2,169

Olstein All Cap Value Fund | Class C

Risk/Return:

rr_RiskReturnAbstract

Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)

rr_MaximumDeferredSalesChargeOverOfferingPrice

1.00%

Management Fees

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1.00%

Distribution and Service (Rule 12b-1) Fees

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1.00%

Other Expenses

rr_OtherExpensesOverAssets

0.16%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.02%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.18%

^[1],[2]

Expense Example, with Redemption, 1 Year

rr_ExpenseExampleYear01

$ 221

Expense Example, with Redemption, 3 Years

rr_ExpenseExampleYear03

682

Expense Example, with Redemption, 5 Years

rr_ExpenseExampleYear05

1,169

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

2,513

Expense Example, No Redemption, 1 Year

rr_ExpenseExampleNoRedemptionYear01

321

Expense Example, No Redemption, 3 Years

rr_ExpenseExampleNoRedemptionYear03

682

Expense Example, No Redemption, 5 Years

rr_ExpenseExampleNoRedemptionYear05

1,169

Expense Example, No Redemption, 10 Years

rr_ExpenseExampleNoRedemptionYear10

$ 2,513

Label

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Class C Return Before Taxes

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

13.29%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

12.60%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

5.97%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

10.23%

Olstein All Cap Value Fund | Class C | After Taxes on Distributions

Risk/Return:

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Label

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Class C Return After Taxes on Distributions

Average Annual Returns, 1 Year

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11.71%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

11.43%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

5.42%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

8.42%

Olstein All Cap Value Fund | Class C | After Taxes on Distributions and Sale of Fund Shares

Risk/Return:

rr_RiskReturnAbstract

Label

rr_AverageAnnualReturnLabel

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

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

8.80%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

9.95%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

4.74%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

8.03%

[1] "Total Annual Fund Operating Expenses" shown in the table above are based on estimates for the current fiscal year and differ from the ratio of expenses to average net assets shown in the Financial Highlights. In addition, to the extent the Fund incurs acquired fund fees and expenses, they would be included in the table above but not in the ratio of expenses to average net assets shown in the Financial Highlights.

[2] "Total Annual Fund Operating Expenses" shown in the above table reflect current fees for the Fund, rather than those of the Fund's predecessor, the Olstein All Cap Value Fund series of The Olstein Funds (the "All Cap Value Predecessor Fund"), and therefore are based on estimates for the current fiscal year.

[3] Purchases of $1 million or more, or purchases into account(s) with accumulated value of $1 million or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of the purchase date.

[4] Other Expenses for the Class A shares are based on estimates for the current fiscal year.

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Olstein Strategic Opportunities Fund

Olstein Strategic Opportunities Fund

Investment Objective

The Olstein Strategic Opportunities Fund’s (the “Fund” or “Strategic Opportunities Fund”) investment objective is long-term capital appreciation

and its secondary objective is income.

Fees and Expenses of the Fund

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 if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or another series of the Trust managed by Olstein Capital Management, L.P. (“OCM” or the “Adviser”).  Sales load waivers may vary by financial intermediary. For more information on specific financial intermediary sales loads and waivers, see Appendix A to the statutory Prospectus. More information about these and other discounts is available from your financial adviser and in the Prospectus under the section entitled “Shareholder Information – Class Descriptions” on page 32 of the Fund’s statutory prospectus.  The table below does not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees - Olstein Strategic Opportunities Fund	Adviser Class	Class A		Class C
Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)	none	5.50%		none
Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)	none	none	[1]	1.00%

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

Annual Fund Operating Expenses - Olstein Strategic Opportunities Fund		Adviser Class	Class A	Class C
Management Fees		1.00%	1.00%	1.00%
Distribution and Service (12b-1) Fees		none	0.25%	1.00%
Other Expenses		0.31%	0.31%	0.31%
Acquired Fund Fees and Expenses	[1]	0.01%	0.01%	0.01%
Total Annual Fund Operating Expenses		1.32%	1.57%	2.32%
Less: Fee Waiver/Plus: Fee Recoupment	[2]	none	none	none
Total Annual Fund Operating Expenses	[1],[2],[3]	1.32%	1.57%	2.32%

Expense Example

The expense examples below are intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The examples assume that you invest $10,000 for the time periods indicated and then either redeem all or do not redeem shares at the end of those periods.  The examples also assume that your investment has a 5% return each year and that the operating expenses (including capped expenses for the Fund for the periods described in the footnotes to the fee tables) remain the same.  The examples below do not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example - Olstein Strategic Opportunities Fund - USD ($)	1 Year	3 Years	5 Years	10 Years
Adviser Class	134	418	723	1,590
Class A	701	1,018	1,358	2,315
Class C	235	724	1,240	2,656

Expense Example No Redemption	1 Year	3 Years	5 Years	10 Years
Olstein Strategic Opportunities Fund | Class C | USD ($)	335	724	1,240	2,656

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund’s performance.  For the fiscal year ended June 30, 2018, the Strategic Opportunities Predecessor Fund’s portfolio turnover rate was 52.98% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to achieve its objectives by investing primarily in common stocks of small- and mid-sized companies (“small-cap” or “mid-cap” stocks) that OCM believes are selling at a significant discount to private market value.  The Fund uses several valuation methods to determine private market value, all of which emphasize expected future free cash flow.  Future free cash flow represents the cash that a company is able to generate from operations after any required investment to maintain or expand its asset base (i.e., after required capital expenditures and working capital needs). For purposes of this investment policy, the Fund considers “small- and mid-sized companies” to be those with market capitalization values (share price multiplied by the number of shares of common stock outstanding) within the range represented in the Russell 2500^TM Index (as of May 31, 2018, the Index’s weighted average market capitalization was approximately $5.6 billion).

OCM follows an accounting-driven, value-oriented approach that emphasizes looking behind the numbers of financial statements based on the belief that the price of a common stock may not reflect the intrinsic value of the issuing company’s underlying business.  OCM believes that the management of small- to mid-sized companies face unique strategic choices, challenges and problems, often as a result of the company’s size or expectations for growth.  The Fund may employ a distinctive approach; opportunistically engaging as an activist investor in small- to mid-sized companies where OCM perceives that such an approach is likely to add value to the investment process.  As a shareholder activist, OCM may invest in small- to mid-sized public companies that it believes are substantially undervalued, often seeking to influence management to undertake specific steps to increase shareholder value.  In such situations, OCM will normally approach company management on a constructive basis offering strategic advice and transactional experience.  The Fund may also provide additional exposure to activist situations by investing in companies that engage in the same manner as an activist investor or by investing in companies owned by other activist investors or private equity investors.

When evaluating the value of stocks for the Fund, OCM undertakes an in-depth analysis of financial statements, as it seeks to identify early signs of potential changes in a company’s ability to generate sustainable free cash flow as well as its potential to grow that may not be recognized by the financial markets.  When determining sustainable free cash flow and the quality of earnings, OCM assesses the accounting practices and assumptions used to construct financial statements against the economic reality of the company’s business.  OCM believes that in-depth analysis of financial statements reveals the success of a company’s strategy, the sustainability of its performance and the impact of management decisions on future cash flow.  OCM further believes that such an analysis is more useful to an investor than management forecasts or earnings guidance.

OCM believes stock prices often fall below a company’s private market value as a result of a short-term focus on, or an overreaction to, negative information regarding the company or its industry, or negative overall market psychology.  The Fund seeks to capitalize on market volatility and the valuation extremes specific to a company by purchasing its stock at a discount to OCM’s estimate of private market value, which could result in above-average capital appreciation if such discount is corrected by market forces or other catalysts that change perceptions.

The Fund’s bottom-up analysis seeks to identify companies with unique business fundamentals and a competitive edge, which usually provide a greater predictability of future free cash flow.  Companies with free cash flow have the potential to enhance shareholder value by increasing dividends, repurchasing shares, reducing debt, engaging in strategic acquisitions, withstanding an economic downturn without adopting harmful short term strategies or being an attractive acquisition target.

The Fund may invest up to 20% of its net assets in foreign securities that are traded in U.S. dollars, and will limit the Fund’s foreign investments to investments in developed countries, rather than countries with developing or emerging markets.

Principal Risks

As with any mutual fund, there are risks to investing.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.  Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time.  The principal risks of investing in the Fund are:

General Market Risk. The Fund’s net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities selected for the Fund’s portfolio may be worth less than the price originally paid for them, or less than they were worth at an earlier time.

Management Risk.  The Fund is actively managed and may not meet its investment objective or may underperform the market or other mutual funds with similar strategies if OCM cannot successfully implement the Fund’s investment strategies.

Value-Style Investing Risk.  The Fund uses a value-oriented investment approach.  However, a particular value stock may not increase in price as anticipated by OCM (and may actually decline in price) if other investors fail to recognize the stock’s value or if a catalyst that OCM believes will increase the price of the stock does not occur or does not affect the price of the stock in the manner or to the degree anticipated.

Equity Securities Risk.  The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value.  This may occur because of factors that affect securities markets generally or factors affecting specific industries, sectors, geographic markets or companies in which the Fund invests.

Small- and Mid-Sized Company Risk.  Small- and mid-sized companies may be more vulnerable to adverse business or economic events than larger, more established companies.  In particular, these companies may have an unproven or narrow technological base and limited product lines, distribution channels, and market and financial resources, and small capitalization companies also may be dependent on entrepreneurial management, making the companies more susceptible to certain setbacks and reversals.

Liquidity Risk.  Liquidity risk is the risk that certain securities may be difficult or impossible to sell at the time and price that the Fund would like to sell the security, which can have a negative impact on Fund performance.  The Fund may invest in small- and mid-sized companies, which may have a smaller “float” (the number of shares that are available to trade) and attract less market interest, and, therefore, may be subject to liquidity risk.

Foreign Investing Risk.  Investing in foreign companies typically involves more risks than investing in U.S. companies.  These risks can increase the potential for losses in the Fund and may include risks related to currency exchange rate fluctuations, country or government specific issues (for example, terrorism, war, social and economic instability, currency devaluations, and restrictions on foreign investment or the movement of assets), unfavorable trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility.

Performance

The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class C shares of the Strategic Opportunities Predecessor Fund from year to year and by showing how the average annual returns of Class C shares and Adviser Class shares of the Strategic Opportunities Predecessor Fund over time compare to the performance of the Russell 2500^TM Value Index and Russell 2500^TM Index. The Russell 2500^TM Value Index and Russell 2500^TM Index represent broad measures of market performance.  Fund returns shown in the performance table reflect the maximum sales charge of 5.50% for the Fund’s Class A and the contingent deferred sales charge of 1.00% during the one year period for the Class C. The Strategic Opportunities Predecessor Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at http://www.olsteinfunds.com or by calling or by calling (800) 799‑2113.

The returns presented below reflect the performance of the Olstein Strategic Opportunities Fund series of The Olstein Funds (the “Strategic Opportunities Predecessor Fund”).  The Fund has adopted the performance of the Strategic Opportunities Predecessor Fund as the result of a reorganization in which the Fund acquired all the assets and liabilities of the Strategic Opportunities Predecessor Fund (the “Reorganization”).  Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not commenced operations.  

OCM served as investment adviser to the Strategic Opportunities Predecessor Fund since inception and will continue to serve as investment adviser to the Fund.  

Calendar Year Total Returns as of December 31:

Best Quarter	Worst Quarter
Q2 2009 33.08%	Q4 2008 -29.35%
Year-to-Date as of September 30 , 2018
3.97%

Average Annual Total Returns for the periods ended December 31, 2017

Average Annual Returns - Olstein Strategic Opportunities Fund	Label	Average Annual Returns, 1 Year		Average Annual Returns, 5 Years		Average Annual Returns, 10 Years		Average Annual Returns, Since Inception
Class C	Class C Return Before Taxes	4.10%	[1]	11.00%		7.94%		6.86%
Class A	Adviser Class Return Before Taxes	0.06%	[2]	10.57%	[2]	8.14%	[2]	7.09%	[2]
Adviser Class	Adviser Class Return Before Taxes	6.22%						1.87%
After Taxes on Distributions | Class C	Class C Return After Taxes on Distributions	4.10%	[1]	9.49%		7.20%		6.19%
After Taxes on Distributions and Sale of Fund Shares | Class C	Class C Return After Taxes on Distributions and Sale of Fund Shares	2.32%	[1]	8.46%		6.33%		5.45%
Russell 2500TM Value Index	Russell 2500™ Value Index	10.36%		13.27%		8.82%		7.65%
Russell 2500TM Index	Russell 2500™ Index	16.81%		14.33%		9.22%		8.85%

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on your particular tax situation and may differ from those shown.  In certain cases, the figure representing Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period.  A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.  After-tax returns are shown for Class C shares only and after-tax returns for other classes will varyto the extent they have different expenses.  Furthermore, after-tax returns are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).

[1] Purchases of $1 million or more, or purchases into account(s) with accumulated value of $1 million or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of the purchase date.

[1] Total Annual Fund Operating Expenses shown in the table above are based on estimates for the current fiscal year and differ from the ratio of expenses to average net assets shown in the Financial Highlights. In addition, to the extent the Fund incurs acquired fund fees and expenses ("AFFE") , they would be included in the table above but not in the ratio of expenses to average net assets shown in the Financial Highlights.

[2] OCM has contractually agreed to waive its management fees and/or pay Fund expenses, in order to ensure that Total Annual Fund Operating Expenses of each class of shares (excluding Rule 12b-1 fees, shareholder servicing fees, AFFE, interest expense, taxes, and non-routine expenses) do not exceed 1.35% of the average daily net assets of the Fund. Fees waived and expenses paid by OCM under this Operating Expenses Limitation Agreement may be recouped by OCM for a period of thirty-six months following the month during which such fee waiver or expense payment was made, if such recoupment can be achieved without exceeding the expense limit in effect at the time the fee waiver and expense payment occurred, or at the time of recoupment. The Operating Expenses Limitation Agreement is indefinite in term and cannot be terminated through at least October 28, 2019. Thereafter, the agreement may be terminated at any time upon 60 days' written notice by the Trust's Board of Trustees or OCM.

[3] "Total Annual Fund Operating Expenses" shown in the above table reflect current fees for the Fund, rather than those of the Fund's predecessor, the Olstein Strategic Opportunities Fund series of The Olstein Funds (the "Strategic Opportunities Predecessor Fund"), and therefore are based on estimates for the current fiscal year.

[1] The 1 Year total return figures for Class C assume that the shareholder redeemed at the end of the first year and paid the CDSC of 1.00%. The average annual total returns for Class C shown for 5 Years and 10 Years do not include the CDSC because there is no CDSC if shares are held longer than 1 year.

[2] The total return figures for Class A include the maximum front-end sales charge of 5.50% imposed on purchases.

XML

Label

Element

Value

Olstein Strategic Opportunities Fund

Risk/Return:

rr_RiskReturnAbstract

Risk/Return [Heading]

rr_RiskReturnHeading

Olstein Strategic Opportunities Fund

Objective [Heading]

rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block]

rr_ObjectivePrimaryTextBlock

The Olstein Strategic Opportunities Fund’s (the “Fund” or “Strategic Opportunities Fund”) investment objective is long-term capital appreciation

Objective, Secondary [Text Block]

rr_ObjectiveSecondaryTextBlock

and its secondary objective is income.

Expense [Heading]

rr_ExpenseHeading

Fees and Expenses of the Fund

Expense Narrative [Text Block]

rr_ExpenseNarrativeTextBlock

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 if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or another series of the Trust managed by Olstein Capital Management, L.P. (“OCM” or the “Adviser”).  Sales load waivers may vary by financial intermediary. For more information on specific financial intermediary sales loads and waivers, see Appendix A to the statutory Prospectus. More information about these and other discounts is available from your financial adviser and in the Prospectus under the section entitled “Shareholder Information – Class Descriptions” on page 32 of the Fund’s statutory prospectus.  The table below does not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Shareholder Fees Caption [Text]

rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text]

rr_OperatingExpensesCaption

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

Fee Waiver or Reimbursement over Assets, Date of Termination

rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

Oct. 28, 2019

Portfolio Turnover [Heading]

rr_PortfolioTurnoverHeading

Portfolio Turnover

Portfolio Turnover [Text Block]

rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund’s performance.  For the fiscal year ended June 30, 2018, the Strategic Opportunities Predecessor Fund’s portfolio turnover rate was 52.98% of the average value of its portfolio.

Portfolio Turnover, Rate

rr_PortfolioTurnoverRate

52.98%

Expense Breakpoint Discounts [Text]

rr_ExpenseBreakpointDiscounts

You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in the Fund or another series of the Trust managed by Olstein Capital Management, L.P. (“OCM” or the “Adviser”).

Expense Breakpoint, Minimum Investment Required [Amount]

rr_ExpenseBreakpointMinimumInvestmentRequiredAmount

$ 50,000

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]

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Total Annual Fund Operating Expenses shown in the table above are based on estimates for the current fiscal year and differ from the ratio of expenses to average net assets shown in the Financial Highlights. In addition, to the extent the Fund incurs acquired fund fees and expenses (“AFFE”) , they would be included in the table above but not in the ratio of expenses to average net assets shown in the Financial Highlights.

Expense Example [Heading]

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Expense Example

Expense Example Narrative [Text Block]

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The expense examples below are intended to help you compare the costs of investing in the Fund with the cost of investing in other mutual funds.  The examples assume that you invest $10,000 for the time periods indicated and then either redeem all or do not redeem shares at the end of those periods.  The examples also assume that your investment has a 5% return each year and that the operating expenses (including capped expenses for the Fund for the periods described in the footnotes to the fee tables) remain the same.  The examples below do not reflect any transaction fees that may be charged by a financial intermediary or commissions that a shareholder may be required to pay directly to its financial intermediary when buying and selling Adviser Class shares.

Expense Example by, Year, Caption [Text]

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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

Strategy Narrative [Text Block]

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The Fund seeks to achieve its objectives by investing primarily in common stocks of small- and mid-sized companies (“small-cap” or “mid-cap” stocks) that OCM believes are selling at a significant discount to private market value.  The Fund uses several valuation methods to determine private market value, all of which emphasize expected future free cash flow.  Future free cash flow represents the cash that a company is able to generate from operations after any required investment to maintain or expand its asset base (i.e., after required capital expenditures and working capital needs). For purposes of this investment policy, the Fund considers “small- and mid-sized companies” to be those with market capitalization values (share price multiplied by the number of shares of common stock outstanding) within the range represented in the Russell 2500^TM Index (as of May 31, 2018, the Index’s weighted average market capitalization was approximately $5.6 billion).

OCM follows an accounting-driven, value-oriented approach that emphasizes looking behind the numbers of financial statements based on the belief that the price of a common stock may not reflect the intrinsic value of the issuing company’s underlying business.  OCM believes that the management of small- to mid-sized companies face unique strategic choices, challenges and problems, often as a result of the company’s size or expectations for growth.  The Fund may employ a distinctive approach; opportunistically engaging as an activist investor in small- to mid-sized companies where OCM perceives that such an approach is likely to add value to the investment process.  As a shareholder activist, OCM may invest in small- to mid-sized public companies that it believes are substantially undervalued, often seeking to influence management to undertake specific steps to increase shareholder value.  In such situations, OCM will normally approach company management on a constructive basis offering strategic advice and transactional experience.  The Fund may also provide additional exposure to activist situations by investing in companies that engage in the same manner as an activist investor or by investing in companies owned by other activist investors or private equity investors.

When evaluating the value of stocks for the Fund, OCM undertakes an in-depth analysis of financial statements, as it seeks to identify early signs of potential changes in a company’s ability to generate sustainable free cash flow as well as its potential to grow that may not be recognized by the financial markets.  When determining sustainable free cash flow and the quality of earnings, OCM assesses the accounting practices and assumptions used to construct financial statements against the economic reality of the company’s business.  OCM believes that in-depth analysis of financial statements reveals the success of a company’s strategy, the sustainability of its performance and the impact of management decisions on future cash flow.  OCM further believes that such an analysis is more useful to an investor than management forecasts or earnings guidance.

OCM believes stock prices often fall below a company’s private market value as a result of a short-term focus on, or an overreaction to, negative information regarding the company or its industry, or negative overall market psychology.  The Fund seeks to capitalize on market volatility and the valuation extremes specific to a company by purchasing its stock at a discount to OCM’s estimate of private market value, which could result in above-average capital appreciation if such discount is corrected by market forces or other catalysts that change perceptions.

The Fund’s bottom-up analysis seeks to identify companies with unique business fundamentals and a competitive edge, which usually provide a greater predictability of future free cash flow.  Companies with free cash flow have the potential to enhance shareholder value by increasing dividends, repurchasing shares, reducing debt, engaging in strategic acquisitions, withstanding an economic downturn without adopting harmful short term strategies or being an attractive acquisition target.

The Fund may invest up to 20% of its net assets in foreign securities that are traded in U.S. dollars, and will limit the Fund’s foreign investments to investments in developed countries, rather than countries with developing or emerging markets.

Risk [Heading]

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Principal Risks

Risk Narrative [Text Block]

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As with any mutual fund, there are risks to investing.  An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.  Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time.  The principal risks of investing in the Fund are:

General Market Risk. The Fund’s net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities. Certain securities selected for the Fund’s portfolio may be worth less than the price originally paid for them, or less than they were worth at an earlier time.

Management Risk.  The Fund is actively managed and may not meet its investment objective or may underperform the market or other mutual funds with similar strategies if OCM cannot successfully implement the Fund’s investment strategies.

Value-Style Investing Risk.  The Fund uses a value-oriented investment approach.  However, a particular value stock may not increase in price as anticipated by OCM (and may actually decline in price) if other investors fail to recognize the stock’s value or if a catalyst that OCM believes will increase the price of the stock does not occur or does not affect the price of the stock in the manner or to the degree anticipated.

Equity Securities Risk.  The equity securities held in the Fund’s portfolio may experience sudden, unpredictable drops in value or long periods of decline in value.  This may occur because of factors that affect securities markets generally or factors affecting specific industries, sectors, geographic markets or companies in which the Fund invests.

Small- and Mid-Sized Company Risk.  Small- and mid-sized companies may be more vulnerable to adverse business or economic events than larger, more established companies.  In particular, these companies may have an unproven or narrow technological base and limited product lines, distribution channels, and market and financial resources, and small capitalization companies also may be dependent on entrepreneurial management, making the companies more susceptible to certain setbacks and reversals.

Liquidity Risk.  Liquidity risk is the risk that certain securities may be difficult or impossible to sell at the time and price that the Fund would like to sell the security, which can have a negative impact on Fund performance.  The Fund may invest in small- and mid-sized companies, which may have a smaller “float” (the number of shares that are available to trade) and attract less market interest, and, therefore, may be subject to liquidity risk.

Foreign Investing Risk.  Investing in foreign companies typically involves more risks than investing in U.S. companies.  These risks can increase the potential for losses in the Fund and may include risks related to currency exchange rate fluctuations, country or government specific issues (for example, terrorism, war, social and economic instability, currency devaluations, and restrictions on foreign investment or the movement of assets), unfavorable trading practices, less government supervision, less publicly available information, limited trading markets and greater volatility.

Risk Lose Money [Text]

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As with any mutual fund, there are risks to investing.

Risk Not Insured Depository Institution [Text]

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An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.

Bar Chart and Performance Table [Heading]

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Performance

Performance Narrative [Text Block]

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The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class C shares of the Strategic Opportunities Predecessor Fund from year to year and by showing how the average annual returns of Class C shares and Adviser Class shares of the Strategic Opportunities Predecessor Fund over time compare to the performance of the Russell 2500^TM Value Index and Russell 2500^TM Index. The Russell 2500^TM Value Index and Russell 2500^TM Index represent broad measures of market performance.  Fund returns shown in the performance table reflect the maximum sales charge of 5.50% for the Fund’s Class A and the contingent deferred sales charge of 1.00% during the one year period for the Class C. The Strategic Opportunities Predecessor Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.  Updated performance information is available on the Fund’s website at http://www.olsteinfunds.com or by calling or by calling (800) 799‑2113.

The returns presented below reflect the performance of the Olstein Strategic Opportunities Fund series of The Olstein Funds (the “Strategic Opportunities Predecessor Fund”).  The Fund has adopted the performance of the Strategic Opportunities Predecessor Fund as the result of a reorganization in which the Fund acquired all the assets and liabilities of the Strategic Opportunities Predecessor Fund (the “Reorganization”).  Prior to the Reorganization, the Fund was a “shell” fund with no assets and had not commenced operations.  

OCM served as investment adviser to the Strategic Opportunities Predecessor Fund since inception and will continue to serve as investment adviser to the Fund.  

Performance Information Illustrates Variability of Returns [Text]

rr_PerformanceInformationIllustratesVariabilityOfReturns

The bar chart and the performance table below provide some indication of the risks of investing in the Fund by showing changes in the performance of Class C shares of the Strategic Opportunities Predecessor Fund from year to year and by showing how the average annual returns of Class C shares and Adviser Class shares of the Strategic Opportunities Predecessor Fund over time compare to the performance of the Russell 2500TM Value Index and Russell 2500TM Index.

Performance Availability Phone [Text]

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(800) 799‑2113

Performance Availability Website Address [Text]

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http://www.olsteinfunds.com

Performance Past Does Not Indicate Future [Text]

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The Strategic Opportunities Predecessor 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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Calendar Year Total Returns as of December 31:

Bar Chart Closing [Text Block]

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Best Quarter	Worst Quarter
Q2 2009 33.08%	Q4 2008 -29.35%
Year-to-Date as of September 30 , 2018
3.97%

Year to Date Return, Label

rr_YearToDateReturnLabel

Year-to-Date

Bar Chart, Year to Date Return, Date

rr_BarChartYearToDateReturnDate

Sep. 30, 2018

Bar Chart, Year to Date Return

rr_BarChartYearToDateReturn

3.97%

Highest Quarterly Return, Label

rr_HighestQuarterlyReturnLabel

Best Quarter

Highest Quarterly Return, Date

rr_BarChartHighestQuarterlyReturnDate

Jun. 30, 2009

Highest Quarterly Return

rr_BarChartHighestQuarterlyReturn

33.08%

Lowest Quarterly Return, Label

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Worst Quarter

Lowest Quarterly Return, Date

rr_BarChartLowestQuarterlyReturnDate

Dec. 31, 2008

Lowest Quarterly Return

rr_BarChartLowestQuarterlyReturn

(29.35%)

Performance Table Does Reflect Sales Loads

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Fund returns shown in the performance table reflect the maximum sales charge of 5.50% for the Fund’s Class A and the contingent deferred sales charge of 1.00% during the one year period for the Class C.

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 and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred

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Furthermore, after-tax returns are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).

Performance Table One Class of after Tax Shown [Text]

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After-tax returns are shown for Class C shares only and after-tax returns for other classes will vary to the extent they have different expenses.

Performance Table Explanation after Tax Higher

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In certain cases, the figure representing Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period.

Performance Table Closing [Text Block]

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After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.  Actual after-tax returns depend on your particular tax situation and may differ from those shown.  In certain cases, the figure representing Return After Taxes on Distributions and Sale of Fund Shares may be higher than the other return figures for the same period.  A higher after-tax return results when a capital loss occurs upon redemption and provides an assumed tax deduction that benefits the investor.  After-tax returns are shown for Class C shares only and after-tax returns for other classes will varyto the extent they have different expenses.  Furthermore, after-tax returns are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts (“IRAs”).

Caption

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Average Annual Total Returns for the periods ended December 31, 2017

Olstein Strategic Opportunities Fund | Russell 2500TM Value Index

Risk/Return:

rr_RiskReturnAbstract

Label

rr_AverageAnnualReturnLabel

Russell 2500™ Value Index

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

10.36%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

13.27%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

8.82%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

7.65%

Olstein Strategic Opportunities Fund | Russell 2500TM Index

Risk/Return:

rr_RiskReturnAbstract

Label

rr_AverageAnnualReturnLabel

Russell 2500™ Index

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

16.81%

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

14.33%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

9.22%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

8.85%

Olstein Strategic Opportunities Fund | Adviser Class

Risk/Return:

rr_RiskReturnAbstract

Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Other Expenses

rr_OtherExpensesOverAssets

0.31%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.01%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.32%

Less: Fee Waiver/Plus: Fee Recoupment

rr_FeeWaiverOrReimbursementOverAssets

none

^[2]

Total Annual Fund Operating Expenses

rr_NetExpensesOverAssets

1.32%

^[1],[2],[3]

Expense Example, with Redemption, 1 Year

rr_ExpenseExampleYear01

$ 134

Expense Example, with Redemption, 3 Years

rr_ExpenseExampleYear03

418

Expense Example, with Redemption, 5 Years

rr_ExpenseExampleYear05

723

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

$ 1,590

Annual Return 2008

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(38.58%)

Annual Return 2009

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47.24%

Annual Return 2010

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26.73%

Annual Return 2011

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(8.26%)

Annual Return 2012

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21.14%

Annual Return 2013

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41.50%

Annual Return 2014

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11.56%

Annual Return 2015

rr_AnnualReturn2015

(15.11%)

Annual Return 2016

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19.67%

Annual Return 2017

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4.10%

Label

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Adviser Class Return Before Taxes

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

6.22%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

1.87%

Olstein Strategic Opportunities Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

5.50%

Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

^[4]

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

0.25%

Other Expenses

rr_OtherExpensesOverAssets

0.31%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.01%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

1.57%

Less: Fee Waiver/Plus: Fee Recoupment

rr_FeeWaiverOrReimbursementOverAssets

none

^[2]

Total Annual Fund Operating Expenses

rr_NetExpensesOverAssets

1.57%

^[1],[2],[3]

Expenses Deferred Charges [Text Block]

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Purchases of $1 million or more, or purchases into account(s) with accumulated value of $1 million or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of the purchase date.

Expense Example, with Redemption, 1 Year

rr_ExpenseExampleYear01

$ 701

Expense Example, with Redemption, 3 Years

rr_ExpenseExampleYear03

1,018

Expense Example, with Redemption, 5 Years

rr_ExpenseExampleYear05

1,358

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

$ 2,315

Label

rr_AverageAnnualReturnLabel

Adviser Class Return Before Taxes

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

0.06%

^[5]

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

10.57%

^[5]

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

8.14%

^[5]

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

7.09%

^[5]

Olstein Strategic Opportunities Fund | Class C

Risk/Return:

rr_RiskReturnAbstract

Maximum Front-End Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

Maximum Deferred Sales Charge (Load) (as a percentage of the initial investment or the value of the investment at redemption, whichever is lower)

rr_MaximumDeferredSalesChargeOverOfferingPrice

1.00%

Management Fees

rr_ManagementFeesOverAssets

1.00%

Distribution and Service (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

1.00%

Other Expenses

rr_OtherExpensesOverAssets

0.31%

Acquired Fund Fees and Expenses

rr_AcquiredFundFeesAndExpensesOverAssets

0.01%

^[1]

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

2.32%

Less: Fee Waiver/Plus: Fee Recoupment

rr_FeeWaiverOrReimbursementOverAssets

none

^[2]

Total Annual Fund Operating Expenses

rr_NetExpensesOverAssets

2.32%

^[1],[2],[3]

Expense Example, with Redemption, 1 Year

rr_ExpenseExampleYear01

$ 235

Expense Example, with Redemption, 3 Years

rr_ExpenseExampleYear03

724

Expense Example, with Redemption, 5 Years

rr_ExpenseExampleYear05

1,240

Expense Example, with Redemption, 10 Years

rr_ExpenseExampleYear10

2,656

Expense Example, No Redemption, 1 Year

rr_ExpenseExampleNoRedemptionYear01

335

Expense Example, No Redemption, 3 Years

rr_ExpenseExampleNoRedemptionYear03

724

Expense Example, No Redemption, 5 Years

rr_ExpenseExampleNoRedemptionYear05

1,240

Expense Example, No Redemption, 10 Years

rr_ExpenseExampleNoRedemptionYear10

$ 2,656

Label

rr_AverageAnnualReturnLabel

Class C Return Before Taxes

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

4.10%

^[6]

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

11.00%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

7.94%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

6.86%

Olstein Strategic Opportunities Fund | Class C | After Taxes on Distributions

Risk/Return:

rr_RiskReturnAbstract

Label

rr_AverageAnnualReturnLabel

Class C Return After Taxes on Distributions

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

4.10%

^[6]

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

9.49%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

7.20%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

6.19%

Olstein Strategic Opportunities Fund | Class C | After Taxes on Distributions and Sale of Fund Shares

Risk/Return:

rr_RiskReturnAbstract

Label

rr_AverageAnnualReturnLabel

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

Average Annual Returns, 1 Year

rr_AverageAnnualReturnYear01

2.32%

^[6]

Average Annual Returns, 5 Years

rr_AverageAnnualReturnYear05

8.46%

Average Annual Returns, 10 Years

rr_AverageAnnualReturnYear10

6.33%

Average Annual Returns, Since Inception

rr_AverageAnnualReturnSinceInception

5.45%

[1] Total Annual Fund Operating Expenses shown in the table above are based on estimates for the current fiscal year and differ from the ratio of expenses to average net assets shown in the Financial Highlights. In addition, to the extent the Fund incurs acquired fund fees and expenses ("AFFE") , they would be included in the table above but not in the ratio of expenses to average net assets shown in the Financial Highlights.

[2] OCM has contractually agreed to waive its management fees and/or pay Fund expenses, in order to ensure that Total Annual Fund Operating Expenses of each class of shares (excluding Rule 12b-1 fees, shareholder servicing fees, AFFE, interest expense, taxes, and non-routine expenses) do not exceed 1.35% of the average daily net assets of the Fund. Fees waived and expenses paid by OCM under this Operating Expenses Limitation Agreement may be recouped by OCM for a period of thirty-six months following the month during which such fee waiver or expense payment was made, if such recoupment can be achieved without exceeding the expense limit in effect at the time the fee waiver and expense payment occurred, or at the time of recoupment. The Operating Expenses Limitation Agreement is indefinite in term and cannot be terminated through at least October 28, 2019. Thereafter, the agreement may be terminated at any time upon 60 days' written notice by the Trust's Board of Trustees or OCM.

[3] "Total Annual Fund Operating Expenses" shown in the above table reflect current fees for the Fund, rather than those of the Fund's predecessor, the Olstein Strategic Opportunities Fund series of The Olstein Funds (the "Strategic Opportunities Predecessor Fund"), and therefore are based on estimates for the current fiscal year.

[4] Purchases of $1 million or more, or purchases into account(s) with accumulated value of $1 million or more that were not subject to a front-end sales charge are subject to a CDSC of 1.00% if sold within one year of the purchase date.

[5] The total return figures for Class A include the maximum front-end sales charge of 5.50% imposed on purchases.

[6] The 1 Year total return figures for Class C assume that the shareholder redeemed at the end of the first year and paid the CDSC of 1.00%. The average annual total returns for Class C shown for 5 Years and 10 Years do not include the CDSC because there is no CDSC if shares are held longer than 1 year.

XML

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Prospectus Date	rr_ProspectusDate	Oct. 28, 2018