XML 14 R7.htm IDEA: XBRL DOCUMENT v3.5.0.2
Label Element Value
WBI Tactical SMY Shares  
Risk/Return: rr_RiskReturnAbstract  
Supplement [Text Block] ck0001591939_SupplementTextBlock
 
WBI Tactical SMG Shares (WBIA)
 
WBI Tactical LCV Shares (WBIF)
 
 
WBI Tactical SMV Shares (WBIB)
 
WBI Tactical LCY Shares (WBIG)
 
 
WBI Tactical SMY Shares (WBIC)
 
WBI Tactical LCS Shares (WBIL)
 
 
WBI Tactical SMS Shares (WBID)
 
WBI Tactical Income Shares (WBII)
 
WBI Tactical LCG Shares (WBIE)
 
WBI Tactical High Income Shares (WBIH)
 

(each a “Fund” and collectively, the “Funds”)

Supplement dated June 27, 2016
to the Prospectus  and Statement of Additional Information (“SAI”)
dated October 31, 2015, as supplemented
Risk/Return [Heading] rr_RiskReturnHeading WBI Tactical SMY Shares
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
Effective immediately, each Fund’s “Principal Investment Strategies” are revised to reflect that the types of equity securities in which each Fund will generally invest include common stocks, preferred stocks, rights, warrants, convertibles, exchange-traded funds (“ETFs”), real estate investment trusts (“REITs”), and master limited partnerships (businesses organized as partnerships which trade on public exchanges).
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
The following paragraph is added to the “Summary Information” section of the Prospectus under “Principal Risks” with respect to each Fund:

Real Estate Investment Trust (REIT) Risk. Investments in REITs will be subject to the risks associated with the direct ownership of real estate and annual compliance with tax rules applicable to REITs.  Risks commonly associated with the direct ownership of real estate include fluctuations in the value of underlying properties, defaults by borrowers or tenants, changes in interest rates and risks related to general or local economic conditions.  In addition, REITs have their own expenses, and therefore Fund shareholders will indirectly bear a proportionate share of the expenses of REITs in which the Fund invests.
Risk Closing [Text Block] rr_RiskClosingTextBlock
Please retain this Supplement with your Prospectus and SAI.