0001162044-13-000013.txt : 20130107 0001162044-13-000013.hdr.sgml : 20130107 20130107144717 ACCESSION NUMBER: 0001162044-13-000013 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130107 DATE AS OF CHANGE: 20130107 EFFECTIVENESS DATE: 20130107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Plainsboro Funds CENTRAL INDEX KEY: 0001521268 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-174385 FILM NUMBER: 13514883 BUSINESS ADDRESS: STREET 1: 4 WINDMILL CT CITY: PLAINSBORO STATE: NJ ZIP: 08536 BUSINESS PHONE: 609-359-9922 MAIL ADDRESS: STREET 1: 4 WINDMILL CT CITY: PLAINSBORO STATE: NJ ZIP: 08536 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Plainsboro Funds CENTRAL INDEX KEY: 0001521268 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22560 FILM NUMBER: 13514884 BUSINESS ADDRESS: STREET 1: 4 WINDMILL CT CITY: PLAINSBORO STATE: NJ ZIP: 08536 BUSINESS PHONE: 609-359-9922 MAIL ADDRESS: STREET 1: 4 WINDMILL CT CITY: PLAINSBORO STATE: NJ ZIP: 08536 0001521268 S000033467 Plainsboro China Fund C000102899 Plainsboro China Fund 485BPOS 1 xbrl.htm XBRL Filing



1933 Act Registration Number 333-174385

1940 Act Registration Number 811-22560


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. 3    

and/or


REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 /X/

Amendment No. 5   


Plainsboro Funds

4 Windmill Court

Plainsboro, New Jersey 08536


(Exact Name of Registrant as Specified in Charter)

(Address of Principal Office)


Registrant's Telephone Number, including Area Code:

609-356-9922


(Name and Address of Agent for Service)


Capitol Services, Inc., Dover, DE 19901


With Copies to:


  

Yang Xiang

Plainsboro Global Capital Inc.

4 Windmill Court

Plainsboro, New Jersey 08536

(609) 356-9922

John H. Lively

The Law Offices of John H. Lively& Associates, Inc.

11300 Tomahawk Creek Parkway , Suite 310

Leawood, KS 66211

(913) 660-0778



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

[X] Immediately upon filing 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

[  ] As soon as practicable after the effective date of this 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 it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and Registrant has duly caused this Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereto duly authorized, in this City of Plainsboro in the State of New Jersey, on the 7th day of January, 2013.



  

 

Plainsboro Funds

 

 

 

By: 

/s/ Yang Xiang

Yang Xiang, Chairman of the Board, Principal Executive Officer and Principal Financial Officer
   

As required by the Securities Act of 1933, this Registration Statement has been signed by the following persons in the capacities indicated on the 7th day of January, 2013.


By:


/s/ Yang Xiang

Yang Xiang

 Chairman of the Board, Principal Executive Officer and Principal Financial Officer


/s/ Hsien Chung E. Yang

Hsien Chung E. Yang, Trustee


/s/ Jiyang Shen

 Jiyang Shen, Trustee




*By: Yang Xiang

Attorney-in-fact pursuant to Powers of Attorney





Exhibit Index


Index NoDescription of Exhibit

1.

EX-101.INS

XBRL Instance Document

2.

EX-101.SCH

XBRL Taxonomy Extension Schema Document

3.

EX-101.CAL

XBRL Taxonomy Extension Calculation Linkbase

4.

EX-101.DEF

XBRL Taxonomy Extension Definition Linkbase

5.

EX-101.LAB

XBRL Taxonomy Extension Labels Linkbase

6.

EX-101.PRE ………………………………………….XBRL Taxonomy Extension Presentation Linkbase


EX-101.INS 2 plaix-20121228.xml 485BPOS 2012-08-31 false Plainsboro Funds 0001521268 2012-12-28 <div style="display:none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact fil_S000033467Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact fil_S000033467Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 0 0 0 -0.0200 0 <div style="display:none">~ http://xbrl.sec.gov/rr/role/RiskReturnDetailData row dei_DocumentInformationDocumentAxis compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * row rr_PerformanceMeasureAxis compact * row primary compact * ~</div> 0.0100 0 0.0030 0.0130 <div style="display:none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact fil_S000033467Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000033467Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact fil_S000033467Member row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000033467Member row primary compact * row rr_PerformanceMeasureAxis compact * ~</div> 132 412 713 1568 <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Investment Objective</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The Plainsboro China Fund seeks long-term capital appreciation.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Fees and Expenses of the Fund</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Shareholder Fees (fees paid directly from your investment)</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Example</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs maybe higher or lower, based upon these assumptions your costs would be:</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Portfolio Turnover</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). &nbsp;A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. &nbsp;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. &nbsp;During the fiscal period October 11, 2011 (the Fund&#8217;s inception date) to August 31, 2012, the Fund&#8217;s portfolio turnover rate was 34.58% of the average value of its portfolio. </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Principal Investment Strategies</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">Under normal market conditions, the Fund will invest at least 80% of its total net assets, which include borrowings for investment purposes, in the securities of issuers located in China and Taiwan.&#160; China includes its administrative districts, such as Hong Kong.&#160; A company is considered to be &#8220;located&#8221; in a country if it (i) is organized under the laws of that country; (ii) derives at least 50% of its revenues or profits from goods produced or sold, investments made, services performed, or has at least 50% of its assets located within that country; (iii) has the primary trading markets for its securities in that country; or (iv) is a governmental entity or an agency, instrumentality or a political subdivision of that country. </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">In selecting investments for the Fund&#8217;s portfolio, the Adviser utilizes a fundamental analysis of factors such as an issuer's financial condition and industry position.&#160; The Adviser does not focus or rely on current stock market conditions and other macroeconomic factors when assessing potential investment opportunities.&#160; The Adviser purchases securities for the Fund&#8217;s portfolio when the price appears low in relation to the value of the total enterprise taking into consideration balance sheet and earnings history.&#160; For these reasons, the Adviser may seek investments in the securities of companies in industries that the Adviser believes to be temporarily depressed.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&#160; </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">Equity securities consist of common stock and related securities, such as preferred stock and depositary receipts. The Fund may invest in fixed income securities of any maturity and credit quality, including sovereign and quasi-sovereign debt securities.&#160; </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The Fund may invest in companies that have market capitalizations of any size that the Adviser believes are undervalued or have the potential for long-term growth.&#160; At times when stocks of smaller capitalization companies present more attractive opportunities, the Fund may invest in these stocks without limitation.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The Fund is non-diversified, which means that it can invest a greater percentage of its assets in a single issuer than can a diversified fund.&#160; The Fund may focus its investments in a particular market sector. </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">Although the Fund normally holds a focused portfolio of securities, the Fund is not required to be fully invested in such securities and may maintain a significant portion of its total assets in cash and securities generally considered to be cash equivalents.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The Adviser may sell a security when the security&#8217;s price reaches a target set by the Adviser, if the Adviser believes that there is deterioration in the issuer&#8217;s financial circumstances or fundamental prospects, or that other investments are more attractive, or for other reasons. </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Principal Investment Risks</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><i><font style="font-family:Times New Roman">As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. The Fund is intended for investors with a minimum investment horizon of 5 years.&#160; Many factors affect the Fund&#8217;s net asset value and performance.</font></i></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Management Risk:</font></i><font style="font-family:Times New Roman"> The main risk of investing in the Fund is that the Adviser&#8217;s strategy of investing in undervalued securities may fail. The Adviser may be incorrect in its assessment of the intrinsic value of the companies in which the Fund invests, or undervalued stocks may be out of favor with investors. The Fund may underperform and you may lose money.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Stock Market Volatility:</font></i><font style="font-family:Times New Roman"> Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments. </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">Issuer-Specific Risks: The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. An individual issuer&#8217;s securities can rise or fall dramatically with little or no warning based upon such things as a better (or worse) than expected earnings report, news about the development of a promising product or service, or the loss of key management personnel.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Focused Portfolio and Non-Diversification Risk:</font></i><font style="font-family:Times New Roman"> The Fund may have more volatility and is considered to have more risk than a fund that invests in securities of a greater number of issuers because changes in the value of a single issuer&#8217;s security may have a more significant effect, either negative or positive, on the Fund&#8217;s net asset value (&#8220;NAV&#8221;). To the extent that the Fund invests its assets in the securities of fewer issuers, the Fund is subject to greater risk of loss if any of those securities become impaired.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Small and Medium Capitalization Stock Risk:</font></i><font style="font-family:Times New Roman"> Small and medium sized companies typically have less financial resources, more limited product lines and markets than larger companies. Transaction costs in stocks of smaller capitalization companies may be higher than those of larger capitalization companies.&#160; Also, their securities may trade less frequently and in more limited volume with potentially greater price volatility and losses than those of larger, more mature companies.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Sector Risk:</font></i><font style="font-family:Times New Roman"> If the Fund&#8217;s portfolio is over weighted in a certain sector, any negative development affecting that sector will have a greater impact on the Fund than it would have on a fund that is not over weighted in that sector. </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Risks of Debt Securities:</font></i><font style="font-family:Times New Roman"> Risks associated with investments in fixed income securities include credit risk and interest rate risk.&#160; </font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Sovereign Debt Risk:</font></i><font style="font-family:Times New Roman">&#160; A sovereign debtor&#8217;s willingness or ability to repay principal and pay interest in a timely manner maybe affected by a variety of factors, including its cash flow situation, the extent of its reserves, the availability of sufficient foreign exchange on the date a payment is due, the relative size of the debt service burden to the economy as a whole, the sovereign debtor&#8217;s policy toward international lenders, and the political constraints to which a sovereign debtor may be subject. Sovereign debt risk is increased for emerging market issuers.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Political, Social and Economic Risks:</font></i><font style="font-family:Times New Roman"> The value of the Fund&#8217;s assets may be adversely affected by political, economic, social and religious instability; inadequate investor protection; changes in laws or regulations; international relations with other nations; natural disasters; corruption and military activity.&nbsp;&nbsp;The economies of&nbsp;China, Hong Kong and Taiwan&nbsp;may differ from the economies of&nbsp;other countries, especially&nbsp;developed economies,&nbsp;in many respects, such as rate of growth, inflation, capital reinvestment, resource self-sufficiency, financial system stability, the national balance of payments position and sensitivity to changes in global trade.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Currency Risks:</font></i><font style="font-family:Times New Roman"> When the Fund conducts securities transactions in a foreign currency, there is the risk of the value of the foreign currency increasing or decreasing against the value of the U.S. dollar. The value of an investment denominated in a foreign currency will decline in dollar terms if that currency weakens against the dollar. The Fund does not anticipate hedging currency risks at this time. Additionally, China may utilize formal or informal currency-exchange controls or &#8220;capital controls.&#8221; Capital controls may impose restrictions on the Fund&#8217;s ability to repatriate investments or income. Such controls may also affect the value of the Fund&#8217;s holdings.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Risks Associated with Emerging Markets:</font></i><font style="font-family:Times New Roman"> Emerging markets are often less stable politically and economically than developed markets such as the United States, and investing in emerging markets involves different and greater risks. There may be less publicly available information about companies in emerging markets. The stock exchanges and brokerage industries of emerging markets do not have the level of government oversight as do those in the United States. Securities markets of such countries are substantially smaller, less liquid and more volatile than securities markets in the United States.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Trading Markets and Depositary Receipts:</font></i><font style="font-family:Times New Roman"> Chinese securities may trade in the form of depositary receipts, including American, European and Global Depositary Receipts. Although depositary receipts have risks similar to the securities that they represent, they may also involve higher expenses and may trade at a discount (or premium) to the underlying security. In addition, depositary receipts may not pass through voting and other shareholder rights, and maybe less liquid than the underlying securities listed on an exchange.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Risks Associated with China:</font></i><font style="font-family:Times New Roman"> The Chinese government exercises significant control over China&#8217;s economy through its industrial policies (e.g., allocation of resources and other preferential treatment), obligations. Changes in these policies could adversely impact affected industries or companies. China&#8217;s economy, particularly its export-oriented industries, maybe adversely impacted by trade or political disputes with China&#8217;s major trading partners, including the U.S. In addition, as its consumer class emerges, China&#8217;s domestically oriented industries may be especially sensitive to changes in government policy and investment cycles.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Risks Associated with Hong Kong:</font></i><font style="font-family:Times New Roman"> If China were to exert its authority so as to alter the economic, political or legal structures or the existing social policy of Hong Kong, investor and business confidence in Hong Kong could be negatively affected, which in turn could negatively affect markets and business performance and have an adverse effect on the Fund&#8217;s investments.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Risks Associated with Taiwan:</font></i><font style="font-family:Times New Roman"> The continuing hostility between China and Taiwan may have an adverse impact on the values of investments in either China or Taiwan, or make investments in China and Taiwan impractical or impossible.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">&nbsp;</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><i><font style="font-family:Times New Roman">Portfolio Turnover Risk:</font></i><font style="font-family:Times New Roman"> At times, the Fund may have a portfolio turnover rate that exceeds 100%.&#160; A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund&#8217;s performance.</font></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><b><font style="font-family:Times New Roman">Performance</font></b></p> <p style="margin-bottom:0in; margin-bottom:.0001pt; line-height:normal"><font style="font-family:Times New Roman">The Fund recently commenced operations and, as a result, does not have a full calendar year of performance history.&#160; Investors should be aware that past performance is not necessarily an indication of how the Fund will perform in the future. </font></p> .3458 <b><i><font style="font-size:11.0pt; line-height:115%; font-family:Times New Roman">As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.</font></i></b> 0001521268 2012-12-28 2012-12-28 0001521268 fil:S000033467Member 2012-12-28 2012-12-28 0001521268 fil:S000033467Memberfil:C000102899Member 2012-12-28 2012-12-28 pure iso4217:USD Other Expenses are based on estimated amounts for the current fiscal year. 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Plainsboro China Fund

Investment Objective

The Plainsboro China Fund seeks long-term capital appreciation.

Fees and Expenses of the Fund

The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (USD $)
Plainsboro China Fund
Maximum Sales Charge (Load) Imposed on Purchases(as a % of offering price) none
Maximum Deferred Sales Charge (Load) (as a % of the lower of original purchase price or redemption proceeds) none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions none
Redemption Fee (as a percentage of amount redeemed on shares sold after holding them for 90 days or less) 2.00%
Exchange Fee none

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

Annual Fund Operating Expenses
Plainsboro China Fund
Management Fees 1.00%
Distribution and/or Service (12b-1) Fees none
Other Expenses [1] 0.30%
Total Annual Fund Operating Expenses 1.30%
[1] Other Expenses are based on estimated amounts for the current fiscal year.

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs maybe higher or lower, based upon these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Plainsboro China Fund
132 412 713 1,568
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000033467Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

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 annual fund operating expenses or in the example, affect the Fund’s performance.  During the fiscal period October 11, 2011 (the Fund’s inception date) to August 31, 2012, the Fund’s portfolio turnover rate was 34.58% of the average value of its portfolio.

Principal Investment Strategies

Under normal market conditions, the Fund will invest at least 80% of its total net assets, which include borrowings for investment purposes, in the securities of issuers located in China and Taiwan.  China includes its administrative districts, such as Hong Kong.  A company is considered to be “located” in a country if it (i) is organized under the laws of that country; (ii) derives at least 50% of its revenues or profits from goods produced or sold, investments made, services performed, or has at least 50% of its assets located within that country; (iii) has the primary trading markets for its securities in that country; or (iv) is a governmental entity or an agency, instrumentality or a political subdivision of that country.

 

In selecting investments for the Fund’s portfolio, the Adviser utilizes a fundamental analysis of factors such as an issuer's financial condition and industry position.  The Adviser does not focus or rely on current stock market conditions and other macroeconomic factors when assessing potential investment opportunities.  The Adviser purchases securities for the Fund’s portfolio when the price appears low in relation to the value of the total enterprise taking into consideration balance sheet and earnings history.  For these reasons, the Adviser may seek investments in the securities of companies in industries that the Adviser believes to be temporarily depressed.

 

Equity securities consist of common stock and related securities, such as preferred stock and depositary receipts. The Fund may invest in fixed income securities of any maturity and credit quality, including sovereign and quasi-sovereign debt securities. 

The Fund may invest in companies that have market capitalizations of any size that the Adviser believes are undervalued or have the potential for long-term growth.  At times when stocks of smaller capitalization companies present more attractive opportunities, the Fund may invest in these stocks without limitation.

 

The Fund is non-diversified, which means that it can invest a greater percentage of its assets in a single issuer than can a diversified fund.  The Fund may focus its investments in a particular market sector.

 

Although the Fund normally holds a focused portfolio of securities, the Fund is not required to be fully invested in such securities and may maintain a significant portion of its total assets in cash and securities generally considered to be cash equivalents.

 

The Adviser may sell a security when the security’s price reaches a target set by the Adviser, if the Adviser believes that there is deterioration in the issuer’s financial circumstances or fundamental prospects, or that other investments are more attractive, or for other reasons.

Principal Investment Risks

As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. The Fund is intended for investors with a minimum investment horizon of 5 years.  Many factors affect the Fund’s net asset value and performance.

 

Management Risk: The main risk of investing in the Fund is that the Adviser’s strategy of investing in undervalued securities may fail. The Adviser may be incorrect in its assessment of the intrinsic value of the companies in which the Fund invests, or undervalued stocks may be out of favor with investors. The Fund may underperform and you may lose money.

 

Stock Market Volatility: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.

Issuer-Specific Risks: The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. An individual issuer’s securities can rise or fall dramatically with little or no warning based upon such things as a better (or worse) than expected earnings report, news about the development of a promising product or service, or the loss of key management personnel.

 

Focused Portfolio and Non-Diversification Risk: The Fund may have more volatility and is considered to have more risk than a fund that invests in securities of a greater number of issuers because changes in the value of a single issuer’s security may have a more significant effect, either negative or positive, on the Fund’s net asset value (“NAV”). To the extent that the Fund invests its assets in the securities of fewer issuers, the Fund is subject to greater risk of loss if any of those securities become impaired.

 

Small and Medium Capitalization Stock Risk: Small and medium sized companies typically have less financial resources, more limited product lines and markets than larger companies. Transaction costs in stocks of smaller capitalization companies may be higher than those of larger capitalization companies.  Also, their securities may trade less frequently and in more limited volume with potentially greater price volatility and losses than those of larger, more mature companies.

 

Sector Risk: If the Fund’s portfolio is over weighted in a certain sector, any negative development affecting that sector will have a greater impact on the Fund than it would have on a fund that is not over weighted in that sector.

 

Risks of Debt Securities: Risks associated with investments in fixed income securities include credit risk and interest rate risk. 

 

Sovereign Debt Risk:  A sovereign debtor’s willingness or ability to repay principal and pay interest in a timely manner maybe affected by a variety of factors, including its cash flow situation, the extent of its reserves, the availability of sufficient foreign exchange on the date a payment is due, the relative size of the debt service burden to the economy as a whole, the sovereign debtor’s policy toward international lenders, and the political constraints to which a sovereign debtor may be subject. Sovereign debt risk is increased for emerging market issuers.

 

Political, Social and Economic Risks: The value of the Fund’s assets may be adversely affected by political, economic, social and religious instability; inadequate investor protection; changes in laws or regulations; international relations with other nations; natural disasters; corruption and military activity.  The economies of China, Hong Kong and Taiwan may differ from the economies of other countries, especially developed economies, in many respects, such as rate of growth, inflation, capital reinvestment, resource self-sufficiency, financial system stability, the national balance of payments position and sensitivity to changes in global trade.

 

Currency Risks: When the Fund conducts securities transactions in a foreign currency, there is the risk of the value of the foreign currency increasing or decreasing against the value of the U.S. dollar. The value of an investment denominated in a foreign currency will decline in dollar terms if that currency weakens against the dollar. The Fund does not anticipate hedging currency risks at this time. Additionally, China may utilize formal or informal currency-exchange controls or “capital controls.” Capital controls may impose restrictions on the Fund’s ability to repatriate investments or income. Such controls may also affect the value of the Fund’s holdings.

 

Risks Associated with Emerging Markets: Emerging markets are often less stable politically and economically than developed markets such as the United States, and investing in emerging markets involves different and greater risks. There may be less publicly available information about companies in emerging markets. The stock exchanges and brokerage industries of emerging markets do not have the level of government oversight as do those in the United States. Securities markets of such countries are substantially smaller, less liquid and more volatile than securities markets in the United States.

 

Trading Markets and Depositary Receipts: Chinese securities may trade in the form of depositary receipts, including American, European and Global Depositary Receipts. Although depositary receipts have risks similar to the securities that they represent, they may also involve higher expenses and may trade at a discount (or premium) to the underlying security. In addition, depositary receipts may not pass through voting and other shareholder rights, and maybe less liquid than the underlying securities listed on an exchange.

 

Risks Associated with China: The Chinese government exercises significant control over China’s economy through its industrial policies (e.g., allocation of resources and other preferential treatment), obligations. Changes in these policies could adversely impact affected industries or companies. China’s economy, particularly its export-oriented industries, maybe adversely impacted by trade or political disputes with China’s major trading partners, including the U.S. In addition, as its consumer class emerges, China’s domestically oriented industries may be especially sensitive to changes in government policy and investment cycles.

 

Risks Associated with Hong Kong: If China were to exert its authority so as to alter the economic, political or legal structures or the existing social policy of Hong Kong, investor and business confidence in Hong Kong could be negatively affected, which in turn could negatively affect markets and business performance and have an adverse effect on the Fund’s investments.

 

Risks Associated with Taiwan: The continuing hostility between China and Taiwan may have an adverse impact on the values of investments in either China or Taiwan, or make investments in China and Taiwan impractical or impossible.

 

Portfolio Turnover Risk: At times, the Fund may have a portfolio turnover rate that exceeds 100%.  A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

Performance

The Fund recently commenced operations and, as a result, does not have a full calendar year of performance history.  Investors should be aware that past performance is not necessarily an indication of how the Fund will perform in the future.

~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact fil_S000033467Member row primary compact * ~
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000033467Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Aug. 31, 2012
Registrant Name dei_EntityRegistrantName Plainsboro Funds
Central Index Key dei_EntityCentralIndexKey 0001521268
Amendment Flag dei_AmendmentFlag false
Prospectus Date rr_ProspectusDate Dec. 28, 2012
Plainsboro China Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Plainsboro China Fund seeks long-term capital appreciation.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses of the Fund

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The following table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

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 annual fund operating expenses or in the example, affect the Fund’s performance.  During the fiscal period October 11, 2011 (the Fund’s inception date) to August 31, 2012, the Fund’s portfolio turnover rate was 34.58% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 34.58%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs maybe higher or lower, based upon these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal market conditions, the Fund will invest at least 80% of its total net assets, which include borrowings for investment purposes, in the securities of issuers located in China and Taiwan.  China includes its administrative districts, such as Hong Kong.  A company is considered to be “located” in a country if it (i) is organized under the laws of that country; (ii) derives at least 50% of its revenues or profits from goods produced or sold, investments made, services performed, or has at least 50% of its assets located within that country; (iii) has the primary trading markets for its securities in that country; or (iv) is a governmental entity or an agency, instrumentality or a political subdivision of that country.

 

In selecting investments for the Fund’s portfolio, the Adviser utilizes a fundamental analysis of factors such as an issuer's financial condition and industry position.  The Adviser does not focus or rely on current stock market conditions and other macroeconomic factors when assessing potential investment opportunities.  The Adviser purchases securities for the Fund’s portfolio when the price appears low in relation to the value of the total enterprise taking into consideration balance sheet and earnings history.  For these reasons, the Adviser may seek investments in the securities of companies in industries that the Adviser believes to be temporarily depressed.

 

Equity securities consist of common stock and related securities, such as preferred stock and depositary receipts. The Fund may invest in fixed income securities of any maturity and credit quality, including sovereign and quasi-sovereign debt securities. 

The Fund may invest in companies that have market capitalizations of any size that the Adviser believes are undervalued or have the potential for long-term growth.  At times when stocks of smaller capitalization companies present more attractive opportunities, the Fund may invest in these stocks without limitation.

 

The Fund is non-diversified, which means that it can invest a greater percentage of its assets in a single issuer than can a diversified fund.  The Fund may focus its investments in a particular market sector.

 

Although the Fund normally holds a focused portfolio of securities, the Fund is not required to be fully invested in such securities and may maintain a significant portion of its total assets in cash and securities generally considered to be cash equivalents.

 

The Adviser may sell a security when the security’s price reaches a target set by the Adviser, if the Adviser believes that there is deterioration in the issuer’s financial circumstances or fundamental prospects, or that other investments are more attractive, or for other reasons.

Risk [Heading] rr_RiskHeading

Principal Investment Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. The Fund is intended for investors with a minimum investment horizon of 5 years.  Many factors affect the Fund’s net asset value and performance.

 

Management Risk: The main risk of investing in the Fund is that the Adviser’s strategy of investing in undervalued securities may fail. The Adviser may be incorrect in its assessment of the intrinsic value of the companies in which the Fund invests, or undervalued stocks may be out of favor with investors. The Fund may underperform and you may lose money.

 

Stock Market Volatility: Stock markets are volatile and can decline significantly in response to adverse issuer, political, regulatory, market, or economic developments. Different parts of the market can react differently to these developments.

Issuer-Specific Risks: The value of an individual security or particular type of security can be more volatile than, and can perform differently from, the market as a whole. An individual issuer’s securities can rise or fall dramatically with little or no warning based upon such things as a better (or worse) than expected earnings report, news about the development of a promising product or service, or the loss of key management personnel.

 

Focused Portfolio and Non-Diversification Risk: The Fund may have more volatility and is considered to have more risk than a fund that invests in securities of a greater number of issuers because changes in the value of a single issuer’s security may have a more significant effect, either negative or positive, on the Fund’s net asset value (“NAV”). To the extent that the Fund invests its assets in the securities of fewer issuers, the Fund is subject to greater risk of loss if any of those securities become impaired.

 

Small and Medium Capitalization Stock Risk: Small and medium sized companies typically have less financial resources, more limited product lines and markets than larger companies. Transaction costs in stocks of smaller capitalization companies may be higher than those of larger capitalization companies.  Also, their securities may trade less frequently and in more limited volume with potentially greater price volatility and losses than those of larger, more mature companies.

 

Sector Risk: If the Fund’s portfolio is over weighted in a certain sector, any negative development affecting that sector will have a greater impact on the Fund than it would have on a fund that is not over weighted in that sector.

 

Risks of Debt Securities: Risks associated with investments in fixed income securities include credit risk and interest rate risk. 

 

Sovereign Debt Risk:  A sovereign debtor’s willingness or ability to repay principal and pay interest in a timely manner maybe affected by a variety of factors, including its cash flow situation, the extent of its reserves, the availability of sufficient foreign exchange on the date a payment is due, the relative size of the debt service burden to the economy as a whole, the sovereign debtor’s policy toward international lenders, and the political constraints to which a sovereign debtor may be subject. Sovereign debt risk is increased for emerging market issuers.

 

Political, Social and Economic Risks: The value of the Fund’s assets may be adversely affected by political, economic, social and religious instability; inadequate investor protection; changes in laws or regulations; international relations with other nations; natural disasters; corruption and military activity.  The economies of China, Hong Kong and Taiwan may differ from the economies of other countries, especially developed economies, in many respects, such as rate of growth, inflation, capital reinvestment, resource self-sufficiency, financial system stability, the national balance of payments position and sensitivity to changes in global trade.

 

Currency Risks: When the Fund conducts securities transactions in a foreign currency, there is the risk of the value of the foreign currency increasing or decreasing against the value of the U.S. dollar. The value of an investment denominated in a foreign currency will decline in dollar terms if that currency weakens against the dollar. The Fund does not anticipate hedging currency risks at this time. Additionally, China may utilize formal or informal currency-exchange controls or “capital controls.” Capital controls may impose restrictions on the Fund’s ability to repatriate investments or income. Such controls may also affect the value of the Fund’s holdings.

 

Risks Associated with Emerging Markets: Emerging markets are often less stable politically and economically than developed markets such as the United States, and investing in emerging markets involves different and greater risks. There may be less publicly available information about companies in emerging markets. The stock exchanges and brokerage industries of emerging markets do not have the level of government oversight as do those in the United States. Securities markets of such countries are substantially smaller, less liquid and more volatile than securities markets in the United States.

 

Trading Markets and Depositary Receipts: Chinese securities may trade in the form of depositary receipts, including American, European and Global Depositary Receipts. Although depositary receipts have risks similar to the securities that they represent, they may also involve higher expenses and may trade at a discount (or premium) to the underlying security. In addition, depositary receipts may not pass through voting and other shareholder rights, and maybe less liquid than the underlying securities listed on an exchange.

 

Risks Associated with China: The Chinese government exercises significant control over China’s economy through its industrial policies (e.g., allocation of resources and other preferential treatment), obligations. Changes in these policies could adversely impact affected industries or companies. China’s economy, particularly its export-oriented industries, maybe adversely impacted by trade or political disputes with China’s major trading partners, including the U.S. In addition, as its consumer class emerges, China’s domestically oriented industries may be especially sensitive to changes in government policy and investment cycles.

 

Risks Associated with Hong Kong: If China were to exert its authority so as to alter the economic, political or legal structures or the existing social policy of Hong Kong, investor and business confidence in Hong Kong could be negatively affected, which in turn could negatively affect markets and business performance and have an adverse effect on the Fund’s investments.

 

Risks Associated with Taiwan: The continuing hostility between China and Taiwan may have an adverse impact on the values of investments in either China or Taiwan, or make investments in China and Taiwan impractical or impossible.

 

Portfolio Turnover Risk: At times, the Fund may have a portfolio turnover rate that exceeds 100%.  A high portfolio turnover would result in correspondingly greater brokerage commission expenses and may result in the distribution to shareholders of additional capital gains for tax purposes. These factors may negatively affect the Fund’s performance.

Risk Lose Money [Text] rr_RiskLoseMoney As with all mutual funds, there is the risk that you could lose money through your investment in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund recently commenced operations and, as a result, does not have a full calendar year of performance history.  Investors should be aware that past performance is not necessarily an indication of how the Fund will perform in the future.

Plainsboro China Fund | Plainsboro China Fund
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases(as a % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a % of the lower of original purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of amount redeemed on shares sold after holding them for 90 days or less){neg} rr_RedemptionFeeOverRedemption (2.00%)
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.30%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 132
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 412
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 713
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,568
[1] Other Expenses are based on estimated amounts for the current fiscal year.
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