As filed with the Securities and Exchange Commission on July 17, 2013
Securities Act File No. 333-180881
Investment Company Act File No. 811-22701
UNITED STATES
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. 6 | [X] | |||
and/or | ||||
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 |
[X] | |||
Amendment No. 7 | [X] |
(Check appropriate box or boxes.)
ARDEN INVESTMENT SERIES TRUST
(Exact Name of Registrant as Specified in Charter)
375 Park Avenue, 32nd Floor
New York, NY 10152
(Address of Principal Executive Offices)
Registrants Telephone Number, including Area Code: (212) 751-5252
Henry P. Davis
Arden Asset Management LLC
375 Park Avenue
32nd Floor
New York, New York 10152
(Name and Address of Agent for Service)
Copy to:
George M. Silfen, Esq.
Kramer Levin Naftalis & Frankel LLP
1177 Avenue of the Americas
New York, NY 10036
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. |
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 under Rule 485(b) of the Securities Act and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 17th day of July, 2013.
Arden Investment Series Trust | ||
By: |
/s/ Henry P. Davis | |
Henry P. Davis Trustee, President and Chief Executive Officer |
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date | ||||||
/s/ Henry P. Davis Henry P. Davis |
Trustee, President and Chief Executive Officer |
July 17, 2013 | ||||||
/s/ Charles S. Crow, III* Charles S. Crow, III |
Trustee | July 17, 2013 | ||||||
/s/ Richard B. Gross* Richard B. Gross |
Trustee | July 17, 2013 | ||||||
/s/ David C. Reed* David C. Reed |
Trustee | July 17, 2013 | ||||||
/s/ Andrew Katz* Andrew Katz |
Chief Financial Officer | July 17, 2013 |
* | This registration statement has been signed by each of the persons so indicated by the undersigned as attorney in fact. |
/s/ Henry P. Davis |
Henry P. Davis, Attorney-in-Fact |
EXHIBIT INDEX
EX-101.INS | XBRL Instance Document | |
EX-101.SCH | XBRL Taxonomy Extension Schema Document | |
EX-101.CAL | XBRL Taxonomy Extension Calculation Linkbase | |
EX-101.DEF | XBRL Taxonomy Extension Definition Linkbase | |
EX-101.LAB | XBRL Taxonomy Extension Labels Linkbase | |
EX-101.PRE | XBRL Taxonomy Extension Presentation Linkbase |
-%TJ%*,TG'S.H7)V-U-T:1EY^[FAM%R">B(8T\H>F*1)@&V'\4H%%;=NHDMMDAX/!1G.XF
M
M;8NK(+W#%P+/LO5Q7O&>U3J\(NR@B\3]2AO.587-O@M5ZZL>O(+C>5[5R99)
M?)8M:E4L:06;FMNUZ6=%[^;H8?,S_R9M+5;.RD+@J;ED2BPI`)NSQ77LVR,)
M-GW/+TL(=6F-)]B$KE9E20W8]/XE_ZX?5'[0NU"5U3$%/#N74I,E+6!3N.Y>
M;0@\-5<;/[M@)+]=%`)/SM769NG^YDF=%&II;@@\2U<-^CP_)?%TS"#1R2%+
M@,(SIEQ'3V3YN\"F\_9W^9GEXVFXY#-+9447BZNN"S:S=ZK3LQMY*7F,LNHZ
MIU^&Y^M;4@@VO[<5NLA(O1*YN#V^I5Z9JG1UGW]?]LJPB;ZMSU+J,:Y0/?R*
M)8U@\WYGR,FOLH;`LW.U59EOMC0K?G&4!%\;]]X"`)[)2]H9HN_JUU1"O@,%
M/'F7H*!X^ZYR"#R%ET@%03D\X%F\!%JT5FO`TW<)%&AEF`F!9^^2:;!TX`8\
MAY=$@^7S?."9O`0:7"4U/<[N\2\T`9[72Z").!@A!)[D2U#J?K6$_%P/V)PM
MU4-`%L"3>LE468U\#(&G]))IL:0`;,X6*"`J;3_7!C:!7]\G1?4LMV[8Y-U"
M+[)IV-R]JD#;DF&S]BKV!6S@:;OFL%56NTC<]9?]E@I?Z'\VO_QI;R\X328D
M8YGW@U-R&TW3J@SV]IJ?!>U6=*?+1I+5.;F;OZYH__W[]]<1!9-%K,+-ZW$^
MV:^59\48Z+)S6I"%HJ>DBI*43B^B3VE=&:<\9BV/TXH465.1NDGTE9#R[&S>
M'4G%WG=`_R\\"I@F_,GT/]C#]YNG!\WC`_;\X'?^AC^H4/V68.DUP>(]`7W1
MRAB@"^05[>E_1U4^_W[W!;E=_?0E&;^^RQ_W8Y+LL[N2[!][[!][!^'>8?CZ
MJ8S_3/_TM]-\/&60EO92^)^.GY*2OR!EZZH/KXQ:[-M%?EH/:`50+K!5J^(#
M>2]N!O*J9?7H:69G(O3 `Q0````(`))E\4)EP,7"X2,``"0F`@`5`!@```````$`
M``"D@7!*``!A:7-T+3(P,3,P-C(Q7VQA8BYX;6Q55`4``_3)YE%U>`L``00E
M#@``!#D!``!02P$"'@,4````"`"29?%",<[''%\@``".G`(`%0`8```````!
M````I(&@;@``86ES="TR,#$S,#8R,5]P'FJ1I/).0+!CZ_
M!V*>@^J*A%+("[1)4,>$%Z?-U@>(#]X])M8H*0NDQ1R-KJEXDY?QV)4="3>/
M%(^#B#8E8"=HOA!ZLXRT#<9;+[;P'I$ZF'3!PJ5;-;$)NKF,K4^Z@<2^\:\D
MW>N9.6O8XS-7$@6[D%*1V67YFHD;6]*6[FV5R*0#_`V0RS`V>3T+..UYL[E&
MCZYD$1IVGP`/>\WN+$S^@GA%NF")E"KL@E.F8:*8U:'E:F5RBF^*@MQ>1U,K7VP)3KK
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M`7=:RNBV1;$9>.0K*I]S,"5YDUZ[U'S<_6M3/3)0V!4*-AW;P]):8:UT*B@7
M/,B4RJZI50H#&52Q&&+,RGW/A2T:H<-?;O15DN`:R(8F%"]YG$JL06`3DUN6
MH+XHKAOO"E`([.XL"^@=-.(`SQE96/*O:S`_;3O2!GAQM
G7;O]N$=-Y5!2U[U#TGT+4VF;%(OO4220*#E3(
M.5*VJ]R22MW4>1YN72]W*.I18O[G.=5EE<4@];B1*(6
MD99TY4**@L0L']2="6!%"YNX+Z/LCESQD7W:>M@Q"RE
M"%QC]&A:N]6GUZA2-'2K1;_QI6II7X\>$P%%"_NX3]*<)7TV1MV5MW)/("^J
MVSQ-\FNZNL\?B9RFY)).<"KZ525K9973;"\]2[NR(V`3E8F'5LG:VI-2[D99
M[3GV0I->D\G9PFCB*65RMC#JO:)8R@8^GM+W.(N7+MK7#"@=C"9M+$?ZF`Q5
MC;C-WC:!JY*UB54[#*Q^<_Y2W>Q.)F<3HXEO4LG:Q*KW47))R[:N=DY0/%+]
M\IYN2=K&!?8>D"TC_1H5OY&JSD?5`[19*Q<];>(G3-JXP*[W&_H6@-,4"4Z!
MG<=;F.#N'A+#SY:G/CJ&GS%/=YP,/VV>X+P9?MH\]2DT_-1YBN-I^"GT]`?6
M\%/I*<^QO4BFU^,TNY-G#Z1"BD-NK@!L_M4?>G,]8!.RV0$XUP4V.4O.QCEX
M+WA9?.5?""I14'Z%P/V&RM/%7G*L#F[#YGZUPCV`S>[WR=ZP2;UHT/VOG:
MS@M2-SAPY_IXP?&*`WBNAQ<<+SV2YUK`9G?Y43W'#YO@50?X7`/8_-XYX>>P
M8=.YZMR?:P";S5
;?:%.72O
MB+39.N;0O6+29G>90_>*2IL-:`[=*RYM]J@Y=*_(M-G&YM"]8M-FIYLOD[QB
MTV8SG$/WBDV;_7(.W2LV;;;4.73/V'0IA?K(,S8-ETH0>,:FX8)-1YZQ:;A@
MTY%G;!HNV'3D&9N&"S8=><:FX8)-#SUCTW#!IH>>L6FX8--#S]@T7+#IH6=L
M.EJPZ:%Q$+"CG-0[?Q<>1>C$TJ`HX,!M!;,JE3QBAR!DQMZ[M/EV0^28J6H*<`
EX4T>I+MBVT&,IX+V9&9JBT9L>
M3^/I"\\<7H3#G\I,"33K1S.J\.++XP*QIW349YHURP&C>=[S1Z+'KY`@?^+#
M,S9?XWZLXP_.C)6V12E3*T\&DIME00P)4H7-D
MN8WJDU!S%EJ?AGZK3O1#JYJ^E2AX@`[,?AMI=D\8Q==9-,?SSZMD?IPNEW&>
MDPY;$"`5ITS^UHY&@T`U*T=L?2NI,D.5':*&J&7I/I1JN8[S51Y-.DW*,+_$
M#T0=Y#;XF!;W7Z*\(,/(9$Y&F7.<\66H.&6B#+4:!"I#.>):ACG:F"%JARI#
M%!$Q5J;N=:CE.T:'VGP:U2'YE]!4SE0@RDG5\5OK>`[>7^K9FGE%D21&\$40L54^8I&'^
M\N'=2-R_ACB+SZ+M/'*Y__NR6TG
W_Z3>#9^(G,/V97P4MC&")I6KJK],PUF0OJ@6
M+C5VB#EM@P7-&5?AN":3))YVH5=FB9A@&=QUYX;34GSR_$CB3/'\BQ?Q$2DB
MY-R!'-V\J/P\2--BO5K5.35V:!F5@>7D@J3?*09^#TE$JSPE)#L*9"DZ54;X
M:%4AK1;*AN`TB>:S^#R8B=$.&CO\S#;`
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||
Registrant Name | dei_EntityRegistrantName | Arden Investment Series Trust | ||||
Prospectus Date | rr_ProspectusDate | Jun. 21, 2013 | ||||
Arden Alternative Strategies II
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | SUMMARY OF THE FUND | ||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to achieve capital appreciation. | ||||
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 (“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, which has not yet commenced operations, will pay 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 Shares are held in a taxable account. These costs, which will not be reflected in annual fund operating expenses or in the Example above, will reduce the Fund’s performance. | ||||
Other Expenses, New Fund, Based on Estimates [Text] | rr_OtherExpensesNewFundBasedOnEstimates | “Other Expenses” (including dividend and interest expenses) are based on estimates for the current fiscal year. | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Expense 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 may be higher or lower, based on these assumptions your costs at the end of each period would be: | ||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | In pursuing the Fund’s objective, Arden Asset Management LLC (the “Adviser”) seeks to achieve a relatively low correlation to the major equity and fixed income markets through the allocation of the assets of the Fund among a number of sub-advisers (the “Sub-Advisers”) that employ a variety of alternative investment strategies. The Adviser is responsible for selecting each Sub-Adviser and for determining the amount of Fund assets allocated to each Sub-Adviser. When allocating assets among Sub-Advisers, the Adviser considers a range of factors including each Sub-Adviser’s investment style and historical performance, as well as various characteristics of the Sub-Adviser’s expected investment portfolio. The main strategies that may be employed by the Fund’s Sub-Advisers include:
The Sub-Advisers have broad discretion in the types of securities or instruments they may own, the type of trading strategies they may employ, and the amount of leverage they may use. The risk of loss may be significant if a Sub-Adviser employs valuation assumptions or credit judgments that are incorrect, incorrectly evaluates market conditions or the nature and extent of spread relationships, or otherwise makes investment decisions that prove to be unprofitable. Additionally, up to 20% of the Fund’s assets may be managed directly by the Adviser. The Adviser may invest up to 10% of these assets in hedge funds, funds traded publicly on foreign exchanges, and, to a lesser extent, affiliated and unaffiliated open-end and closed-end registered investment companies (“Underlying Funds”). A portion of the Fund’s net assets (up to 15%) is expected to be invested in one or more wholly-owned subsidiaries formed under the laws of the Cayman Islands (each, a “Subsidiary”). Any Subsidiary will be advised by the Adviser and may invest its assets in Underlying Funds or limited liability companies or other business entities (each, a “Trading Entity”), the trading of each of which will be managed on a discretionary basis by a different third-party manager or Sub-Adviser, typically a commodity trading advisor (a “Trading Advisor”) pursuant to such Trading Advisor’s commodity-related investment program (a “managed futures program”). All or a portion of a Subsidiary’s assets may also be managed directly by a Trading Advisor which, in this case, would serve as a Sub-Adviser to the Subsidiary and indirectly the Fund. |
||||
Risk [Heading] | rr_RiskHeading | Principal Investment Risks | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | The Fund’s investments are subject to a variety of risks that may cause the Fund’s net asset value to fluctuate over time. Therefore, the value of your investment in the Fund could decline and you could lose money. Also, there is no assurance that the Adviser or the Sub-Advisers will achieve the Fund’s objective. As an investor in the Fund, your investment is subject to the following risks:
|
||||
Risk Lose Money [Text] | rr_RiskLoseMoney | The Fund’s investments are subject to a variety of risks that may cause the Fund’s net asset value to fluctuate over time. Therefore, the value of your investment in the Fund could decline and you could lose money. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Annual Total Returns | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | A bar chart and past performance table are not included in this Prospectus because the Fund has not completed a full calendar year of operations. After completion of its first calendar year of operations, the Fund will present these items and compare its performance to the performance of an index (showing how the Fund’s average annual returns over various periods compare with those of its index). | ||||
Performance One Year or Less [Text] | rr_PerformanceOneYearOrLess | A bar chart and past performance table are not included in this Prospectus because the Fund has not completed a full calendar year of operations. After completion of its first calendar year of operations, the Fund will present these items and compare its performance to the performance of an index (showing how the Fund’s average annual returns over various periods compare with those of its index). | ||||
Arden Alternative Strategies II | Class A
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | 5.75% | ||||
Maximum Deferred Sales Charge (Load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Management Fee | rr_ManagementFeesOverAssets | 1.85% | ||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
Other Expenses (excluding dividend and interest expenses) | rr_Component1OtherExpensesOverAssets | 0.25% | [1] | |||
Dividend and Interest Expenses on Short Positions | rr_Component2OtherExpensesOverAssets | 0.28% | [1] | |||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.53% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.63% | ||||
Less Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | [2] | |||
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.63% | ||||
1 Year | rr_ExpenseExampleYear01 | $ 826 | ||||
3 Years | rr_ExpenseExampleYear03 | 1,345 | ||||
Arden Alternative Strategies II | Class C
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum Deferred Sales Charge (Load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Management Fee | rr_ManagementFeesOverAssets | 1.85% | ||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 1.00% | ||||
Other Expenses (excluding dividend and interest expenses) | rr_Component1OtherExpensesOverAssets | 0.25% | [1] | |||
Dividend and Interest Expenses on Short Positions | rr_Component2OtherExpensesOverAssets | 0.28% | [1] | |||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.53% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 3.38% | ||||
Less Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | [2] | |||
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 3.38% | ||||
1 Year | rr_ExpenseExampleYear01 | 341 | ||||
3 Years | rr_ExpenseExampleYear03 | 1,039 | ||||
Arden Alternative Strategies II | Class R
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum Deferred Sales Charge (Load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Management Fee | rr_ManagementFeesOverAssets | 1.85% | ||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.50% | ||||
Other Expenses (excluding dividend and interest expenses) | rr_Component1OtherExpensesOverAssets | 0.25% | [1] | |||
Dividend and Interest Expenses on Short Positions | rr_Component2OtherExpensesOverAssets | 0.28% | [1] | |||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.53% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.88% | ||||
Less Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | [2] | |||
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.88% | ||||
1 Year | rr_ExpenseExampleYear01 | 291 | ||||
3 Years | rr_ExpenseExampleYear03 | 892 | ||||
Arden Alternative Strategies II | Class I
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum Deferred Sales Charge (Load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Management Fee | rr_ManagementFeesOverAssets | 1.85% | ||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other Expenses (excluding dividend and interest expenses) | rr_Component1OtherExpensesOverAssets | 0.25% | [1] | |||
Dividend and Interest Expenses on Short Positions | rr_Component2OtherExpensesOverAssets | 0.28% | [1] | |||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.53% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.38% | ||||
Less Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | [2] | |||
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.38% | ||||
1 Year | rr_ExpenseExampleYear01 | 241 | ||||
3 Years | rr_ExpenseExampleYear03 | 742 | ||||
Arden Alternative Strategies II | Class W
|
||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Maximum Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Maximum Deferred Sales Charge (Load) | rr_MaximumDeferredSalesChargeOverOfferingPrice | none | ||||
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Distributions | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Management Fee | rr_ManagementFeesOverAssets | 1.85% | ||||
Distribution and Service (12b-1) Fees | rr_DistributionAndService12b1FeesOverAssets | 0.25% | ||||
Other Expenses (excluding dividend and interest expenses) | rr_Component1OtherExpensesOverAssets | 0.25% | [1] | |||
Dividend and Interest Expenses on Short Positions | rr_Component2OtherExpensesOverAssets | 0.28% | [1] | |||
Total Other Expenses | rr_OtherExpensesOverAssets | 0.53% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 2.63% | ||||
Less Fee Waiver/Expense Reimbursement | rr_FeeWaiverOrReimbursementOverAssets | none | [2] | |||
Net Annual Fund Operating Expenses after Fee Waiver/Expense Reimbursement | rr_NetExpensesOverAssets | 2.63% | ||||
1 Year | rr_ExpenseExampleYear01 | 266 | ||||
3 Years | rr_ExpenseExampleYear03 | $ 817 | ||||
|