Investment Risks
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Aug. 11, 2025 |
F/m Compoundr High Yield Bond ETF | Affiliated Fund Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Affiliated Fund Risk. Affiliated
fund risk is the risk that the Adviser may select Underlying Funds and/or investments for
the Fund based on its own financial interests or other business considerations rather than
the Fund’s interests. The Adviser may be subject to potential conflicts of interest
in selecting the Underlying Funds because affiliated Underlying Funds pay an advisory fee
to the Adviser based on their assets, the fees paid to the Adviser by some affiliated Underlying
Funds may be higher than other Underlying Funds or the Underlying Funds may be in need of
assets to enhance their appeal to other investors, liquidity and trading and/or to enable
them to carry out their investment strategies. However, the Adviser is a fiduciary to the
Fund and is legally obligated to act in the Fund’s best interest when selecting Underlying
Funds. |
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F/m Compoundr High Yield Bond ETF | Asset Class Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Asset Class Risk. The securities and other assets in the Underlying Index or in the Fund’s
portfolio may underperform in comparison to financial markets generally, a particular financial market, another index, or other asset
classes. |
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F/m Compoundr High Yield Bond ETF | Call Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Call Risk. During periods of falling interest rates, an issuer of a callable bond held by an Underlying
Fund may “call” or repay the security before its stated maturity, and the Underlying Fund may have to reinvest the proceeds
in securities with lower yields, which would result in a decline in the Fund’s performance, or in securities with greater risks
or with other less favorable features. |
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F/m Compoundr High Yield Bond ETF | Cash or Cash Equivalents Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Cash or Cash Equivalents Risk. At any time, the Fund may have significant investments in cash or
cash equivalents. When a substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of the
cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time. Additionally, in rising
markets, holding cash or cash equivalents may adversely affect the Fund’s performance and the Fund may not achieve its investment
objectives. |
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F/m Compoundr High Yield Bond ETF | Concentration Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses
due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund’s investments
are concentrated in a particular issue, issuer or issuers, country, market segment, industries, project types, or asset class. |
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F/m Compoundr High Yield Bond ETF | Credit Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Credit Risk. The value of your investment in the Fund may change in response to changes in the
credit ratings of the portfolio securities held by Underlying Funds. Generally, investment risk and price volatility increase as a security’s
credit rating declines. The financial condition of an issuer of a fixed income security held an Underlying Fund may cause it to default
or become unable to pay interest or principal due on the security. |
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F/m Compoundr High Yield Bond ETF | Cyber Security Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Cyber Security Risk. Cyber security
risk is the risk of an unauthorized breach and access to the Fund’s assets, Fund or
customer data (including private shareholder information), or proprietary information, or
the risk of an incident occurring that causes the Fund, the Adviser, custodian, transfer
agent, distributor and other service providers and financial intermediaries to suffer data
breaches, data corruption or lose operational functionality or prevent the Fund’s investors
from purchasing, redeeming or exchanging Shares or receiving distributions. While the Fund
and the Adviser have established business continuity plans and risk management systems seeking
to address system breaches or failures, there are inherent limitations in such plans and
systems. Further, the Fund cannot control the cybersecurity plans and systems of the Fund’s
service providers, market makers, or issuers of securities in which the Fund invests. The
Fund and the Adviser have limited ability to prevent or mitigate cyber security incidents
affecting third-party service providers, and such third-party service providers may have
limited indemnification obligations to the Fund or the Adviser. Successful cyber-attacks
or other cyber-failures or events affecting the Fund or its service providers may adversely
impact and cause financial losses to the Fund or its shareholders. Issuers of securities
in which the Fund invests are also subject to cyber security risks, and the value of these
securities could decline if the issuers experience cyberattacks or other cyber-failures. |
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F/m Compoundr High Yield Bond ETF | ETF Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | ETF Risk. The Fund is an ETF, and, as a result of an ETF's structure, it is exposed to the following
risks: |
| ● | Authorized Participants, Market Makers and Liquidity Providers Concentration Risk. Only an authorized
participant (“AP”) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number
of financial institutions that are institutional investors and may act as APs. In addition, there may be a limited number of market makers
and/or liquidity providers in the marketplace. To the extent either of the following events occur, there may be significantly diminished
trading in Fund Shares, Fund Shares may trade at a material discount to net asset value (“NAV”), and Fund Shares may possibly
face delisting: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step
forward to perform these services, or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business
activities and no other entities step forward to perform their functions. These events, among others, may lead to Fund Shares trading
at a premium or discount to NAV. Thus, you may pay more (or less) than the NAV when you buy Shares of the Fund in the secondary market,
and you may receive less (or more) than NAV when you sell those Shares in the secondary market. A diminished market for an ETF's shares
substantially increases the risk that a shareholder may pay considerably more or receive significantly less than the underlying value
of the ETF shares bought or sold. In periods of market volatility, APs, market makers and/or liquidity providers may be less willing to
transact in Fund Shares. |
| ● | Secondary Market Trading
Risk. Although Shares are intended to be listed on a national securities exchange,
Nasdaq, Inc. (the “Exchange”), and may be traded on U.S. exchanges other
than the Exchange, there can be no assurance that an active or liquid trading market
for them will develop or be maintained. In addition, trading in Shares on the Exchange
may be halted. During periods of market stress, there may be times when the market price
of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount).
This risk is heightened in times of market volatility or periods of steep market declines. |
| ● | Shares May Trade at Prices Other Than NAV Risk. As with all ETFs, Shares may be bought and sold
in the secondary market at market prices. Shares trade on a stock exchange at prices at, above, or below the Fund’s most recent
NAV. The Fund’s NAV is calculated at the end of each business day and fluctuates with changes in the market value of the Fund’s
holdings. The trading price of the Shares fluctuates continuously throughout trading hours on the exchange, based on both the relative
market supply of, and demand for, the Shares and the underlying value of the Fund’s portfolio holdings. As a result, the trading
prices of the Shares may deviate from the Fund’s NAV. Although it is expected that the market price of Shares will approximate the
Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day
(discount). This risk is heightened in times of market volatility or periods of steep market declines. Any of these factors, among others,
may lead to the Shares trading at a premium or discount to NAV. |
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F/m Compoundr High Yield Bond ETF | Fixed-Income Market Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Fixed-Income Market Risk. The market value of a fixed-income security held by an Underlying Fund
may decline due to general market conditions that are not specifically related to a particular issuer, such as real or perceived adverse
economic conditions, changes in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment
generally. The fixed-income securities market can be susceptible to increases in volatility and decreases in liquidity. Liquidity can
decline unpredictably in response to overall economic conditions or credit tightening. Increases in volatility and decreases in liquidity
may be caused by a rise in interest rates (or the expectation of a rise in interest rates). An unexpected increase in Fund redemption
requests, including requests from shareholders who may own a significant percentage of the Fund’s Shares, which may be triggered
by market turmoil or an increase in interest rates, could cause the Fund to sell its holdings at a loss or at undesirable prices and adversely
affect the Fund’s Share price and increase the Fund’s liquidity risk, expenses and/or taxable distributions. |
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F/m Compoundr High Yield Bond ETF | Geographic Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Geographic Risk. A natural disaster could occur in a geographic region in which the Fund or an
Underlying Fund invests, which could adversely affect the economy or the business operations of companies in the specific geographic region,
causing an adverse impact on the Fund and/or Underlying Fund’s investments in, or which are exposed to, the affected region. Also,
current military conflicts in various geographic regions, including those in Europe and the Middle East, can lead to, and have led to,
economic and market disruptions, which may not be limited to the geographic region in which the conflict is occurring. Such conflicts
can also result, and have resulted in some cases, in sanctions being levied by the United States, the European Union and/or other countries
against countries or other actors involved in the conflict. In addition, such conflicts and related sanctions can adversely affect regional
and global energy, commodities, financial and other markets and thus could affect the value of the Fund’s investments and/or the
investments of the Underlying Funds. The extent and duration of any military conflict, related sanctions and resulting economic and market
disruptions are impossible to predict, but could be substantial. |
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F/m Compoundr High Yield Bond ETF | High Portfolio Turnover Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | High Portfolio Turnover Risk. In seeking to track the Underlying Index, the Fund may incur relatively
high portfolio turnover. The active and frequent trading of the Fund’s portfolio securities may result in increased transaction
costs to the Fund, including brokerage commissions, dealer mark-ups and other transaction costs, which could reduce the Fund’s return. |
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F/m Compoundr High Yield Bond ETF | High Yield Securities Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred
to as “junk bonds,” including those bonds rated lower than “BBB-” by S&P or “Baa3” by Moody’s),
or are unrated, may be deemed speculative and may be more volatile than higher rated securities of similar maturity with respect to the
issuer’s continuing ability to meet principal and interest payments. High-yield debt securities’ total return and yield may
generally be expected to fluctuate more than the total return and yield of investment-grade debt securities. A real or perceived economic
downturn or an increase in market interest rates could cause a decline in the value of high-yield debt securities, result in increased
redemptions and/or result in increased portfolio turnover, which could result in a decline in the NAV of the Fund, reduce liquidity for
certain investments and/or increase costs. High-yield debt securities are often thinly traded and can be more difficult to sell and value
accurately than investment-grade debt securities because there may be no established secondary market. Investments in high-yield debt
securities by Underlying Funds could increase liquidity risk for the Fund. In addition, the market for high-yield debt securities held
by Underlying Funds could experience sudden and sharp volatility, which is generally associated more with investments in stocks. |
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F/m Compoundr High Yield Bond ETF | Income Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Income Risk. Under certain market conditions, the Fund may invest in Underlying Funds that are
subject to income risk. The Fund’s income may decline when interest rates fall or if there are defaults in its portfolio. This decline
can occur because the Fund may subsequently invest in lower-yielding securities as debt securities in its portfolio mature, are near maturity
or are called, or the Fund otherwise needs to purchase additional debt securities. |
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F/m Compoundr High Yield Bond ETF | Index-Related Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Index-Related Risk. There
is no guarantee that the Fund’s investment results will have a high degree of correlation
to those of the Underlying Index or that the Fund will achieve its investment objective.
Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s
ability to adjust its exposure to the required levels in order to track the Underlying
Index. The Index Provider may rely on various sources of information to assess the criteria
of components of the Underlying Index, including information that may be based on assumptions
and estimates. Neither the Fund nor the Adviser can offer assurances that the Index Provider’s
methodology or sources of information will provide an accurate assessment of included
components. Errors in index data, index computations or the construction of the Underlying
Index in accordance with its methodology may occur from time to time and may not be identified
and corrected by the Index Provider for a period of time or at all, which may have an
adverse impact on the Fund and its shareholders. Unusual market conditions or other unforeseen
circumstances (such as natural disasters, political unrest or war) may impact the Index
Provider or a third-party provider and may cause the Index Provider to postpone a scheduled
rebalance, which could cause the Underlying Index to vary from its normal or expected
composition. |
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F/m Compoundr High Yield Bond ETF | Index Rebalance Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Index Rebalance Risk.
Pursuant to the methodology that the Index Provider uses to calculate and maintain the
Underlying Index, the Fund may own a significant portion of the Underlying Funds included
in the Underlying Index. Any Underlying Fund may be removed from the Underlying Index
in the event that it does not comply its eligibility requirements. As a result, the Fund
may be forced to sell shares of Underlying Funds at inopportune times or for prices other
than at current market values or may elect not to sell such shares on the day that they
are removed from the Underlying Index, due to market conditions or otherwise. Due to
these factors, the variation between the Fund’s annual return and the return of
the Underlying Index may increase significantly. Apart from scheduled rebalances, the
Index Provider may carry out additional ad hoc rebalances to the Underlying Index to,
for example, correct an error in the selection of constituents. When the Fund in turn
rebalances its portfolio, any transaction costs and market exposure arising from such
portfolio rebalancing will be borne by the Fund and its shareholders. Unscheduled rebalances
may also expose the Fund to additional tracking error risk. Therefore, errors and additional
ad hoc rebalances carried out by the Index Provider and/or the Index Calculator may increase
the Fund’s costs and market exposure. |
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F/m Compoundr High Yield Bond ETF | Inflation Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Inflation Risk. Under
certain market conditions, the Fund may invest in an Underlying Fund that is subject
to inflation risk. Inflation risk is the risk that the value of assets or income from
investments will be less in the future as inflation decreases the value of money. As
inflation increases, the present value of the Fund’s assets may decline. |
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F/m Compoundr High Yield Bond ETF | Interest Rate Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest
rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values
of debt instruments tend to rise. Changes in the value of a debt instrument held by an Underlying Fund usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of an Underlying Fund’s investments in debt instruments. In general, the longer the maturity or duration
of a debt instrument, the greater its sensitivity to changes in interest rates. The Fund is subject to the risk that the income generated
by an Underlying Fund’s investments may not keep pace with inflation. Actions by governments and central banking authorities can
result in increases or decreases in interest rates, which may negatively affect the value of debt instruments held by the Fund and have
a negative impact on the Fund’s performance and NAV. Rising interest rates may prompt redemptions from the Fund, which may force
the Fund to sell investments at a time when it is not advantageous to do so, which could result in losses. During periods of very low
or negative interest rates, the Fund may be unable to maintain positive returns or pay dividends to Fund shareholders. Very low or negative
interest rates may magnify interest rate risk. Changing interest rates, including rates that fall below zero, may have unpredictable effects
on markets, result in heightened market volatility and detract from the Fund’s performance to the extent the Fund is exposed to
such interest rates. Additionally, under certain market conditions in which interest rates are low and the market prices for portfolio
securities have increased, the Fund may have a very low or even negative yield. A low or negative yield would cause the Fund to lose money
in certain conditions and over certain time periods. An increase in interest rates will generally cause the value of securities held by
Underlying Funds to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain
fixed-income investments, including those held by Underlying Funds. The historically low-interest rate environment in recent years heightens
the risks associated with rising interest rates. |
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F/m Compoundr High Yield Bond ETF | Issuer Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Issuer Risk. The performance of the Fund depends on the performance of individual securities or
other assets to which the Fund has exposure through its holding of Underlying Funds. The value of securities or other assets may decline,
or perform differently from the market as a whole, due to changes in the financial condition or credit rating of the issuer or counterparty. |
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F/m Compoundr High Yield Bond ETF | Investment in Underlying Funds Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Investment in Underlying Funds
Risk. The Fund’s investment in shares of Underlying Funds subjects it to the
risks of owning the securities underlying the Underlying Fund, as well as the same structural
risks faced by an investor purchasing shares of the Underlying Fund, including authorized
participant concentration risk, market maker risk, premium/discount risk and trading
issues risk. As a shareholder in an Underlying Fund, the Fund bears its proportionate
share of the Underlying Fund’s expenses, subjecting Fund shareholders to duplicative
expenses. Since the Fund invests in the Underlying Funds, the Fund’s investment
performance and risks are likely to be directly related to those of the Underlying Funds.
The Fund’s NAV will change with changes in the value of the Underlying Funds and
other assets that the Fund holds. The shares of an Underlying Fund may trade at a premium
or discount to the Underlying Fund’s NAV. Investors in the Fund will indirectly
bear the expenses charged by the Underlying Funds, and an investment in the Fund may
entail more expenses than a direct investment in the Underlying Funds. |
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F/m Compoundr High Yield Bond ETF | Liquidity Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Liquidity Risk. Certain securities held by an Underlying Fund may be difficult (or impossible)
to sell at the time and at the price the Adviser would like. As a result, an Underlying Fund may have to hold these securities longer
than it would like and may forego other investment opportunities. There is the possibility that an Underlying Fund may lose money or be
prevented from realizing capital gains if it cannot sell a security at a particular time and price. |
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F/m Compoundr High Yield Bond ETF | Management Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Management Risk. As the Fund’s portfolio will not always replicate the Underlying Index fully,
it is subject to the risk that the Adviser’s investment strategy may not produce the intended results. The Adviser’s primary
use of a replication methodology, and the use of a representative sampling indexing strategy under certain circumstance, to manage the
Fund’s portfolio may subject the Fund to an increased risk of tracking error, in that the Underlying Funds for the Fund’s
portfolio may not have an investment profile similar to those of the Underlying Index. |
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F/m Compoundr High Yield Bond ETF | Market Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Market Risk. The Fund’s investments are subject to changes in general economic conditions,
general market fluctuations and the risks inherent in investments in securities markets. Investment markets can be volatile, and prices
of investments can change substantially due to various factors, including, but not limited to, economic growth or recession, changes in
interest rates, inflation, changes in the actual or perceived creditworthiness of issuers and general market liquidity. The Fund is subject
to the risk that geopolitical events will disrupt securities markets and adversely affect global economies and markets. The Fund’s
NAV and market price may fluctuate significantly in response to these and other factors including economic, political, or financial events,
public health crises (such as epidemics or pandemics), or other disruptive events (whether real, expected or perceived) in the U.S. and
global markets. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged
market downturns. As a result, an investor could lose money over short or long periods of time. |
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F/m Compoundr High Yield Bond ETF | Market Trading Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Market Trading Risk. The
Fund faces numerous market trading risks, including the potential lack of an active market
for Fund Shares (including through a trading halt), losses from trading in secondary
markets, periods of high volatility, and disruptions in the process of creating and redeeming
Fund Shares. Any of these factors, among others, may lead to the Fund’s Shares
trading in the secondary market at a premium or discount to NAV or to the intraday value
of the Fund’s portfolio holdings. If you buy Fund Shares at a time when the market
price is at a premium to NAV or sell Fund Shares at a time when the market price is at
a discount to NAV, you may pay significantly more or receive significantly less than
the underlying value of the Fund Shares. |
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F/m Compoundr High Yield Bond ETF | New Fund Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | New Fund Risk. The Fund is a newly organized, management investment company with a limited operating
history. In addition, there can be no assurance that the Fund will grow to, or maintain, an economically viable size, in which case the
Board of Directors (the “Board”) of The RBB Fund, Inc. (the “Company”) may determine to liquidate the Fund. |
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F/m Compoundr High Yield Bond ETF | Non-Correlation Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Non-Correlation Risk. The Fund’s return may not match the return of the Underlying Index
for a number of reasons. The Fund incurs operating expenses not applicable to the Underlying Index, and may incur costs in buying and
selling securities, especially when rebalancing the Fund’s portfolio holdings to reflect changes in the composition of the Underlying
Index. In addition, the Fund’s portfolio holdings may not exactly replicate the securities included in the Underlying Index or the
ratios between the securities included in the Underlying Index. Additionally, in order to comply with its investment strategies and policies,
the Fund portfolio may deviate from the composition of the Underlying Index. Accordingly, the Fund's return may underperform the return
of the Underlying Index. |
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F/m Compoundr High Yield Bond ETF | Operational Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including,
but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties, or
other third parties, failed or inadequate processes and technology or systems failures. The Fund and the Adviser seek to reduce these
operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to
address significant operational risks. |
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F/m Compoundr High Yield Bond ETF | Passive Investment Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Passive Investment Risk.
The Fund is not actively managed and may be affected by a general decline in market segments
related to the Underlying Index. The Fund invests in securities included in, or representative
of, the Underlying Index, regardless of their investment merits. Although the Fund is
permitted to invest up to 100% of its assets in money market instruments for temporary
defensive or liquidity purposes, it may only do so for up to 90 days. |
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F/m Compoundr High Yield Bond ETF | Premium/Discount Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Premium/Discount Risk.
The market price of the Fund’s Shares will generally fluctuate in accordance with
changes in the Fund’s NAV as well as the relative supply of and demand for Shares
on the exchange. The Adviser cannot predict whether Shares will trade below, at, or above
their NAV because the Shares trade on the exchange at market prices and not at NAV. Price
differences may be due, in large part, to the fact that supply and demand forces at work
in the secondary trading market for Shares will be closely related, but not identical,
to the same forces influencing the prices of the holdings of the Fund trading individually
or in the aggregate at any point in time. However, given that Shares can only be purchased
and redeemed in Creation Units, and only to and from broker-dealers and large institutional
investors that have entered into participation agreements (unlike shares of closed-end
funds, which frequently trade at appreciable discounts from, and sometimes at premiums
to, their NAV), the Adviser believes that large discounts or premiums to the NAV of Shares
should not be sustained. During stressed market conditions, the market for the Fund’s
Shares may become less liquid in response to deteriorating liquidity in the market for
the Fund’s underlying holdings, which could in turn lead to differences between
the market price of the Fund’s Shares and their NAV and the bid/ask spread on the
Fund’s Shares may widen. |
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F/m Compoundr High Yield Bond ETF | Rating Agencies Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Rating Agencies Risk. Ratings are not an absolute standard of quality, but rather general indicators
that reflect only the view of the originating rating agencies from which an explanation of the significance of such ratings may be obtained.
There is no assurance that a particular rating will continue for any given period of time or that any such rating will not be revised
downward or withdrawn entirely if, in the judgment of the agency establishing the rating, circumstances so warrant. A downward revision
or withdrawal of such ratings, or either of them, may have an effect on the liquidity or market price of the securities in which an Underlying
Fund invests. |
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F/m Compoundr High Yield Bond ETF | Reinvestment Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Reinvestment Risk. Reinvestment risk is the risk that income from the Fund's portfolio will decline
if and when the Fund reinvests the proceeds from the disposition of its portfolio securities at market interest rates that are below the
portfolio's current earnings rate. A decline in income could negatively affect the market price of the Shares. |
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F/m Compoundr High Yield Bond ETF | Reverse Repurchase Agreements Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Reverse Repurchase Agreements
Risk. Reverse repurchase agreements are a form of secured borrowing and subject the
Fund to the risks associated with leverage, including exposure to potential gains and
losses in excess of the amount invested, resulting in an increase in the speculative
character of the Fund's outstanding Shares. Reverse repurchase agreements involve the
risk that the investment return earned by the Fund (from the investment of the proceeds)
will be less than the interest expense of the transaction, that the market value of the
securities sold by the Fund will decline below the price the Fund is obligated to pay
to repurchase the securities, and that the other party may fail to return the securities
in a timely manner or at all. |
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F/m Compoundr High Yield Bond ETF | Risk of Investing in the United States |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Risk of Investing in the United States. Certain changes in the United States economy, such as when
the economy weakens or when its financial markets decline, may have an adverse effect on the securities to which the Fund has exposure. |
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F/m Compoundr High Yield Bond ETF | Sector Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Sector Risk. To the extent the Fund invests more heavily in particular sectors of the economy,
its performance will be especially sensitive to developments that significantly affect those sectors. |
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F/m Compoundr High Yield Bond ETF | Securities Lending Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Securities Lending Risk. The
Fund may engage in securities lending (i.e., lend portfolio securities to institutions,
such as certain broker-dealers). Securities lending involves the risk that the Fund may
lose money because the borrower of the loaned securities fails to return the securities
in a timely manner or at all. The Fund could also lose money in the event of a decline
in the value of collateral provided for loaned securities or a decline in the value of
any investments made with cash collateral. These events could also trigger adverse tax
consequences for the Fund. The Fund could also experience a loss or delay in the recovery
of its securities if the borrowing institution breaches its agreement with the Fund. |
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F/m Compoundr High Yield Bond ETF | Tax Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Tax Risk. Because the Fund is
expected to invest in the Underlying Funds, distributions of short-term capital gains by
an Underlying Fund will be recognized as ordinary income by the Fund and would not be offset
by the Fund’s capital loss carryforwards, if any. Capital loss carryforwards of an
Underlying Fund, if any, will not be available to offset net capital gains of the Fund. Further,
the Fund’s realized losses on sales of shares of an Underlying Fund may be indefinitely
or permanently deferred as “wash sales” to the extent it reacquires shares of
the same Underlying Fund within the 61-day period beginning 30 days prior to the disposition
date. |
|
F/m Compoundr High Yield Bond ETF | Tracking Error Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Tracking Error Risk. The Fund
may be subject to tracking error, which is the divergence of the Fund’s performance
from that of the Underlying Index. Tracking error may occur because of differences between
the securities and other instruments held in the Fund’s portfolio and those included
in the Underlying Index, pricing differences, transaction costs incurred by the Fund, the
Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation
of distributions, the requirements to maintain RIC tax treatment, portfolio transactions
carried out to minimize the distribution of capital gains to shareholders, acceptance of
custom baskets, changes to the Underlying Index or the costs to the Fund of complying with
various new or existing regulatory requirements. This risk may be heightened during times
of increased market volatility or other unusual market conditions. Tracking error also may
result because the Fund incurs fees and expenses, while the Underlying Index does not. |
|
F/m Compoundr High Yield Bond ETF | U.S. Government Obligations Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | U.S. Government Obligations Risk. While U.S. Treasury obligations are backed by the “full
faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government
may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). Securities issued or
guaranteed by federal agencies or authorities and U.S. Government-sponsored instrumentalities or enterprises may or may not be backed
by the full faith and credit of the U.S. Government. |
|
F/m Compoundr High Yield Bond ETF | Valuation Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Valuation Risk. The prices provided by the Fund’s pricing services or independent dealers
or the fair value determinations made by the valuation committee of the Adviser may be different from the prices used by other funds or
from the prices at which securities are actually bought and sold. The prices of certain securities provided by pricing services may be
subject to frequent and significant change, and will vary depending on the information that is available. |
|
F/m Compoundr High Yield Bond ETF | Risk Lose Money [Member] |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
As a result, you
may lose money on your investment in the Fund, and there can be no assurance that the Fund will achieve its investment objective.
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Affiliated Fund Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Affiliated Fund Risk. Affiliated fund risk is the risk that the Adviser may select investments
for the Fund based on its own financial interests or other business considerations rather than the Fund’s interests. The Adviser
may be subject to potential conflicts of interest in selecting the Underlying Funds because affiliated Underlying Funds pay an advisory
fee to the Adviser based on their assets, the fees paid to the Adviser by some affiliated Underlying Funds may be higher than other Underlying
Funds or the Underlying Funds may be in need of assets to enhance their appeal to other investors, liquidity and trading and/or to enable
them to carry out their investment strategies. However, the Adviser is a fiduciary to the Fund and is legally obligated to act in the
Fund’s best interest when selecting Underlying Funds. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Asset Class Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Asset Class Risk. The securities and other assets in the Underlying Index or in the Fund’s
portfolio may underperform in comparison to financial markets generally, a particular financial market, another index, or other asset
classes. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Call Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Call Risk. During periods of falling interest rates, an issuer of a callable bond held by an Underlying
Fund may “call” or repay the security before its stated maturity, and the Underlying Fund may have to reinvest the proceeds
in securities with lower yields, which would result in a decline in the Fund’s performance, or in securities with greater risks
or with other less favorable features |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Cash or Cash Equivalents Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Cash or Cash Equivalents Risk. At any time, the Fund may have significant investments in cash
or cash equivalents. When a substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of
the cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time. Additionally, in rising
markets, holding cash or cash equivalents may adversely affect the Fund’s performance and the Fund may not achieve its investment
objectives. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Concentration Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses
due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund’s investments
are concentrated in a particular issue, issuer or issuers, country, market segment, or asset class. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Credit Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Credit Risk. The value of your investment in the Fund may change in response to changes in the
credit ratings of the Fund’s portfolio securities, including with respect to Underlying Funds. Generally, investment risk and price
volatility increase as a security’s credit rating declines. The financial condition of an issuer of a fixed income security held
by such Fund or an Underlying Fund may cause it to default or become unable to pay interest or principal due on the security. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Cyber Security Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Cyber Security Risk. Cyber security
risk is the risk of an unauthorized breach and access to the Fund’s assets, Fund or
customer data (including private shareholder information), or proprietary information, or
the risk of an incident occurring that causes the Fund, the Adviser, custodian, transfer
agent, distributor and other service providers and financial intermediaries to suffer data
breaches, data corruption or lose operational functionality or prevent the Fund’s investors
from purchasing, redeeming or exchanging Shares or receiving distributions. While the Fund
and the Adviser have established business continuity plans and risk management systems seeking
to address system breaches or failures, there are inherent limitations in such plans and
systems. Further, the Fund cannot control the cybersecurity plans and systems of the Fund’s
service providers, market makers, or issuers of securities in which the Fund invests. The
Fund and the Adviser have limited ability to prevent or mitigate cyber security incidents
affecting third-party service providers, and such third-party service providers may have
limited indemnification obligations to the Fund or the Adviser. Successful cyber-attacks
or other cyber-failures or events affecting the Fund or its service providers may adversely
impact and cause financial losses to the Fund or its shareholders. Issuers of securities
in which the Fund invests are also subject to cyber security risks, and the value of these
securities could decline if the issuers experience cyberattacks or other cyber-failures. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | ETF Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | ETF Risk. The Fund is an ETF, and, as a result of an ETF’s structure, it is exposed to the
following risks: |
| ● | Authorized Participants, Market Makers and Liquidity Providers Concentration Risk. Only an authorized
participant (“AP”) may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number
of financial institutions that are institutional investors and may act as APs. In addition, there may be a limited number of market makers
and/or liquidity providers in the marketplace. To the extent either of the following events occur, there may be significantly diminished
trading in Fund Shares, Fund Shares may trade at a material discount to net asset value (“NAV”), and Fund Shares may possibly
face delisting: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step
forward to perform these services, or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business
activities and no other entities step forward to perform their functions. These events, among others, may lead to Fund Shares trading
at a premium or discount to NAV. Thus, you may pay more (or less) than the NAV when you buy Shares of the Fund in the secondary market,
and you may receive less (or more) than NAV when you sell those Shares in the secondary market. A diminished market for an ETF’s
shares substantially increases the risk that a shareholder may pay considerably more or receive significantly less than the underlying
value of the ETF shares bought or sold. In periods of market volatility, APs, market makers and/or liquidity providers may be less willing
to transact in Fund Shares. |
| ● | Secondary Market Trading
Risk. Although Shares are intended to be listed on a national securities exchange,
Nasdaq, Inc. (the “Exchange”), and may be traded on U.S. exchanges other
than the Exchange, there can be no assurance that an active or liquid trading market
for them will develop or be maintained. In addition, trading in Shares on the Exchange
may be halted. During periods of market stress, there may be times when the market price
of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount).
This risk is heightened in times of market volatility or periods of steep market declines. |
| ● | Shares May Trade at Prices Other Than NAV Risk. As with all ETFs, Shares may be bought and sold
in the secondary market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s NAV,
there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount).
This risk is heightened in times of market volatility or periods of steep market declines. As with all ETFs, Shares may be bought and
sold in the secondary market at market prices. Shares trade on a stock exchange at prices at, above, or below the Fund’s most recent
NAV. The Fund’s NAV is calculated at the end of each business day and fluctuates with changes in the market value of the Fund’s
holdings. The trading price of the Shares fluctuates continuously throughout trading hours on the exchange, based on both the relative
market supply of, and demand for, the Shares and the underlying value of the Fund’s portfolio holdings. As a result, the trading
prices of the Shares may deviate from the Fund’s NAV. Although it is expected that the market price of Shares will approximate the
Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day
(discount). This risk is heightened in times of market volatility or periods of steep market declines. Any of these factors, among others,
may lead to the Shares trading at a premium or discount to NAV. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Fixed-Income Market Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Fixed-Income Market Risk. The market value of a fixed-income security may decline due to general
market conditions that are not specifically related to a particular issuer, such as real or perceived adverse economic conditions, changes
in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The fixed-income
securities market can be susceptible to increases in volatility and decreases in liquidity. Liquidity can decline unpredictably in response
to overall economic conditions or credit tightening. Increases in volatility and decreases in liquidity may be caused by a rise in interest
rates (or the expectation of a rise in interest rates). An unexpected increase in Fund redemption requests, including requests from shareholders
who may own a significant percentage of the Fund’s Shares, which may be triggered by market turmoil or an increase in interest rates,
could cause the Fund to sell its holdings at a loss or at undesirable prices and adversely affect the Fund’s Share price and increase
the Fund’s liquidity risk, expenses and/or taxable distributions. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | High Portfolio Turnover Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | High Portfolio Turnover Risk. In seeking to track the Underlying Index, the Fund may incur relatively
high portfolio turnover. The active and frequent trading of the Fund’s portfolio securities may result in increased transaction
costs to the Fund, including brokerage commissions, dealer mark-ups and other transaction costs, which could reduce the Fund’s return. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Income Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Income Risk. Under certain market conditions, the Fund may invest in Underlying Funds that are
subject to income risk. The Fund’s income may decline when interest rates fall or if there are defaults in its portfolio. This decline
can occur because the Fund may subsequently invest in lower-yielding securities as debt securities in its portfolio mature, are near maturity
or are called, or the Fund otherwise needs to purchase additional debt securities. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Index-Related Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Index-Related Risk. There is no guarantee that the Fund’s investment results will have a
high degree of correlation to those of the Underlying Index or that the Fund will achieve its investment objective. Market disruptions
and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in
order to track the Underlying Index. The Index Provider may rely on various sources of information to assess the criteria of components
of the Underlying Index, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer
assurances that the Index Provider’s methodology or sources of information will provide an accurate assessment of included components.
Errors in index data, index computations or the construction of the Underlying Index in accordance with its methodology may occur from
time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact
on the Fund and its shareholders. Unusual market conditions or other unforeseen circumstances (such as natural disasters, political unrest
or war) may impact the Index Provider or a third-party Provider and may cause the Index Provider to postpone a scheduled rebalance, which
could cause the Underlying Index to vary from its normal or expected composition. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Index Rebalance Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Index Rebalance Risk. Pursuant to the methodology that the Index Provider uses to calculate and
maintain the Underlying Index, the Fund may own a significant portion of the Underlying Funds included in the Underlying Index. Any Underlying
Fund may be removed from the Underlying Index in the event that it does not comply its eligibility requirements. As a result, the Fund
may be forced to sell shares of Underlying Funds at inopportune times or for prices other than at current market values or may elect not
to sell such shares on the day that they are removed from the Underlying Index, due to market conditions or otherwise. Due to these factors,
the variation between the Fund’s annual return and the return of the Underlying Index may increase significantly. Apart from scheduled
rebalances, the Index Provider may carry out additional ad hoc rebalances to the Underlying Index to, for example, correct an error in
the selection of constituents. When the Fund in turn rebalances its portfolio, any transaction costs and market exposure arising from
such portfolio rebalancing will be borne by the Fund and its shareholders. Unscheduled rebalances may also expose the Fund to additional
tracking error risk. Therefore, errors and additional ad hoc rebalances carried out by the Index Provider and/or the Index Calculator
may increase the Fund’s costs and market exposure. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Inflation Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Inflation Risk. Under certain market conditions, the Fund may invest in an Underlying Fund that
is subject to inflation risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future
as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets may decline. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Interest Rate Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest
rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values
of debt instruments tend to rise. Changes in the value of a debt instrument usually will not affect the amount of income the Fund receives
from it but will generally affect the value of your investment in the Fund. Changes in interest rates may also affect the liquidity of
the Fund’s investments in debt instruments. In general, the longer the maturity or duration of a debt instrument, the greater its
sensitivity to changes in interest rates. The Fund is subject to the risk that the income generated by its investments may not keep pace
with inflation. Actions by governments and central banking authorities can result in increases or decreases in interest rates, which may
negatively affect the value of debt instruments held by the Fund and have a negative impact on the Fund’s performance and NAV. Rising
interest rates may prompt redemptions from the Fund, which may force the Fund to sell investments at a time when it is not advantageous
to do so, which could result in losses. During periods of very low or negative interest rates, the Fund may be unable to maintain positive
returns or pay dividends to Fund shareholders. Very low or negative interest rates may magnify interest rate risk. Changing interest rates,
including rates that fall below zero, may have unpredictable effects on markets, result in heightened market volatility and detract from
the Fund’s performance to the extent the Fund is exposed to such interest rates. Additionally, under certain market conditions in
which interest rates are low and the market prices for portfolio securities have increased, the Fund may have a very low or even negative
yield. A low or negative yield would cause the Fund to lose money in certain conditions and over certain time periods. An increase in
interest rates will generally cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income
markets and may adversely affect the liquidity of certain fixed-income investments, including those held by the Fund. The historically
low-interest rate environment in recent years heightens the risks associated with rising interest rates. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Investment in Underlying Funds Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Investment in Underlying Funds
Risk. The Fund’s investment in shares of Underlying Funds subjects it to the
risks of owning the securities of the Underlying Fund, as well as the same structural
risks faced by an investor purchasing shares of the Underlying Fund, including authorized
participant concentration risk, market maker risk, premium/discount risk and trading
issues risk. As a shareholder in another ETF, the Fund bears its proportionate share
of the ETF’s expenses, subjecting Fund shareholders to duplicative expenses. Since
the Fund invests in the Underlying Funds, the Fund’s investment performance and
risks are likely to be directly related to those of the Underlying Funds. The Fund’s
NAV will change with changes in the value of the Underlying Funds and other assets that
the Fund holds. The shares of an Underlying Fund may trade at a premium or discount to
the Underlying Fund’s NAV. Investors in the Fund will indirectly bear the expenses
charged by the Underlying Funds, and an investment in the Fund may entail more expenses
than a direct investment in the Underlying Funds. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Liquidity Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Liquidity Risk. Certain securities held by an Underlying Fund may be difficult (or impossible)
to sell at the time and at the price the Adviser would like. As a result, an Underlying Fund may have to hold these securities longer
than it would like and may forego other investment opportunities. There is the possibility that an Underlying Fund may lose money or be
prevented from realizing capital gains if it cannot sell a security at a particular time and price. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Management Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Management Risk. As the Fund’s portfolio will not always replicate the Underlying Index fully,
it is subject to the risk that the Adviser’s investment strategy may not produce the intended results. The Adviser’s primary
use of a replication methodology, and the use of a representative sampling indexing strategy under certain circumstances, to manage the
Fund’s portfolio may subject the Fund to an increased risk of tracking error, in that the securities selected in aggregate for the
Fund’s portfolio may not have an investment profile similar to those of the Underlying Index. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Market Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Market Risk. Economies
and financial markets throughout the world are becoming increasingly interconnected,
which increases the likelihood that events or conditions in one country or region will
adversely impact markets or issuers in other countries or regions. The value of the Fund
and/or the Underlying Fund's investments may be negatively affected by adverse changes
in overall economic or market conditions, such as the level of economic activity and
productivity, unemployment and labor force participation rates, inflation or deflation
(and expectations for inflation or deflation), interest rates, demand and supply for
particular products or resources including labor, and debt levels and credit ratings,
among other factors. Such adverse conditions may contribute to an overall economic contraction
across entire economies or markets, which may negatively impact the profitability of
issuers operating in those economies or markets. The Fund and the Underlying Funds subject
to the risk that geopolitical events will disrupt securities markets and adversely affect
global economies and markets. The Fund and the Underlying Funds’ NAV and market
price may fluctuate significantly in response to these and other factors including economic,
political, or financial events, public health crises (such as epidemics or pandemics),
or other disruptive events (whether real, expected or perceived) in the U.S. and global
markets. The Fund could lose money over short periods due to short-term market movements
and over longer periods during more prolonged market downturns. As a result, an investor
could lose money over short or long periods of time. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Market Trading Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Market Trading Risk. The
Fund faces numerous market trading risks, including the potential lack of an active market
for Fund Shares (including through a trading halt), losses from trading in secondary
markets, periods of high volatility, and disruptions in the process of creating and redeeming
Fund Shares. Any of these factors, among others, may lead to the Fund’s Shares
trading in the secondary market at a premium or discount to NAV or to the intraday value
of the Fund’s portfolio holdings. If you buy Fund Shares at a time when the market
price is at a premium to NAV or sell Fund Shares at a time when the market price is at
a discount to NAV, you may pay significantly more or receive significantly less than
the underlying value of the Fund Shares. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | New Fund Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | New Fund Risk. The Fund is a newly organized, management investment company with a limited operating
history. In addition, there can be no assurance that the Fund will grow to, or maintain, an economically viable size, in which case the
Board of Directors (the “Board”) of The RBB Fund, Inc. (the “Company”) may determine to liquidate the Fund. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Non-Correlation Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Non-Correlation Risk. The Fund’s return may not match the return of the Underlying Index
for a number of reasons. The Fund incurs operating expenses not applicable to the Underlying Index, and may incur costs in buying and
selling securities, especially when rebalancing the Fund’s portfolio holdings to reflect changes in the composition of the Underlying
Index. In addition, the Fund’s portfolio holdings may not exactly replicate the securities included in the Underlying Index or the
ratios between the securities included in the Underlying Index. Additionally, in order to comply with its investment strategies and policies,
the Fund portfolio may deviate from the composition of the Underlying Index. Accordingly, the Fund's return may underperform the return
of the Underlying Index. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Operational Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including,
but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties, or
other third parties, failed or inadequate processes and technology or systems failures. The Fund and the Adviser seek to reduce these
operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to
address significant operational risks. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Passive Investment Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Passive Investment Risk.
The Fund is not actively managed and may be affected by a general decline in market segments
related to the Underlying Index. The Fund invests in securities included in, or representative
of, the Underlying Index, regardless of their investment merits. Although the Fund is
permitted to invest up to 100% of its assets in money market instruments for temporary
defensive or liquidity purposes, it may only do so for up to 90 days. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Premium/Discount Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Premium/Discount Risk.
The market price of the Fund’s Shares will generally fluctuate in accordance with
changes in the Fund’s NAV as well as the relative supply of and demand for Shares
on the exchange. The Adviser cannot predict whether Shares will trade below, at, or above
their NAV because the Shares trade on the exchange at market prices and not at NAV. Price
differences may be due, in large part, to the fact that supply and demand forces at work
in the secondary trading market for Shares will be closely related, but not identical,
to the same forces influencing the prices of the holdings of the Fund trading individually
or in the aggregate at any point in time. However, given that Shares can only be purchased
and redeemed in Creation Units, and only to and from broker-dealers and large institutional
investors that have entered into participation agreements (unlike shares of closed-end
funds, which frequently trade at appreciable discounts from, and sometimes at premiums
to, their NAV), the Adviser believes that large discounts or premiums to the NAV of Shares
should not be sustained. During stressed market conditions, the market for the Fund’s
Shares may become less liquid in response to deteriorating liquidity in the market for
the Fund’s underlying holdings, which could in turn lead to differences between
the market price of the Fund’s Shares and their NAV and the bid/ask spread on the
Fund’s Shares may widen. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Rating Agencies Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Rating Agencies Risk. Ratings are not an absolute standard of quality, but rather general indicators
that reflect only the view of the originating rating agencies from which an explanation of the significance of such ratings may be obtained.
There is no assurance that a particular rating will continue for any given period of time or that any such rating will not be revised
downward or withdrawn entirely if, in the judgment of the agency establishing the rating, circumstances so warrant. A downward revision
or withdrawal of such ratings, or either of them, may have an effect on the liquidity or market price of the securities in which an Underlying
Fund invests. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Reinvestment Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Reinvestment Risk. Reinvestment risk is the risk that the Fund’s portfolio will decline if
and when the Fund reinvests the proceeds from the disposition of its portfolio securities at market interest rates that are below the
portfolio’s current earnings rate. A decline in income could negatively affect the market price of the Shares. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Reverse Repurchase Agreements Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Reverse Repurchase Agreements Risk.
Reverse repurchase agreements are a form of secured borrowing and subject the Fund to the
risks associated with leverage, including exposure to potential gains and losses in excess
of the amount invested, resulting in an increase in the speculative character of the Fund's
outstanding Shares. Reverse repurchase agreements involve the risk that the investment return
earned by the Fund (from the investment of the proceeds) will be less than the interest expense
of the transaction, that the market value of the securities sold by the Fund will decline
below the price the Fund is obligated to pay to repurchase the securities, and that the other
party may fail to return the securities in a timely manner or at all. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Sector Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Sector Risk. To the extent the Fund invests more heavily in particular sectors of the economy,
its performance will be especially sensitive to developments that significantly affect those sectors. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Securities Lending Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Securities Lending Risk. The
Fund may engage in securities lending (i.e., lend portfolio securities to institutions,
such as certain broker-dealers). Securities lending involves the risk that the Fund may
lose money because the borrower of the loaned securities fails to return the securities
in a timely manner or at all. The Fund could also lose money in the event of a decline
in the value of collateral provided for loaned securities or a decline in the value of
any investments made with cash collateral. These events could also trigger adverse tax
consequences for the Fund. The Fund could also experience a loss or delay in the recovery
of its securities if the borrowing institution breaches its agreement with the Fund. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Tax Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Tax Risk. Because the Fund is
expected to invest in the Underlying Funds, distributions of short-term capital gains by
an Underlying Fund will be recognized as ordinary income by the Fund and would not be offset
by the Fund's capital loss carryforwards, if any. Capital loss carryforwards of an Underlying
Fund, if any, will not be available to offset net capital gains of the Fund. Further, the
Fund’s realized losses on sales of shares of an Underlying Fund may be indefinitely or permanently
deferred as "wash sales" to the extent it reacquires shares of the same Underlying Fund within
the 61-day period beginning 30 days prior to the disposition date. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Tracking Error Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Tracking Error Risk. The Fund
may be subject to tracking error, which is the divergence of the Fund’s performance
from that of the Underlying Index. Tracking error may occur because of differences between
the securities and other instruments held in the Fund’s portfolio and those included
in the Underlying Index, pricing differences, transaction costs incurred by the Fund, the
Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation
of distributions, the requirements to maintain RIC tax treatment, portfolio transactions
carried out to minimize the distribution of capital gains to shareholders, acceptance of
custom baskets, changes to the Underlying Index or the costs to the Fund of complying with
various new or existing regulatory requirements. This risk may be heightened during times
of increased market volatility or other unusual market conditions. Tracking error also may
result because the Fund incurs fees and expenses, while the Underlying Index does not. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | U.S. Government Obligations Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | U.S. Government Obligations Risk. While U.S. Treasury obligations are backed by the “full
faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government
may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). Securities issued or
guaranteed by federal agencies or authorities and U.S. Government-sponsored instrumentalities or enterprises may or may not be backed
by the full faith and credit of the U.S. Government. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Valuation Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Valuation Risk. The prices provided by the Fund’s pricing services or independent dealers
or the fair value determinations made by the valuation committee of the Adviser may be different from the prices used by other funds or
from the prices at which securities are actually bought and sold. The prices of certain securities provided by pricing services may be
subject to frequent and significant change, and will vary depending on the information that is available. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Duration Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Duration Risk. Duration is a measure of the price sensitivity of a debt security or portfolio to
interest rate changes. Duration risk is the risk that longer-duration debt securities will be more volatile and thus more likely to decline
in price, and to a greater extent, in a rising interest rate environment than shorter-duration debt securities. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Fixed Income Securities Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Fixed Income Securities Risk. Fixed-income securities are subject to the risk of the issuer’s
inability to meet principal and interest payments on its obligations (i.e., credit risk) and are subject to price volatility resulting
from, among other things, interest rate sensitivity, market perception of the creditworthiness of the issuer, willingness of broker-dealers
and other market participants to make markets in the applicable securities, and general market liquidity (i.e., market risk). Lower rated
fixed-income securities have greater volatility because there is less certainty that principal and interest payments will be made as scheduled.
There is a risk that a lack of liquidity or other adverse credit market conditions may hamper the Fund’s ability to sell the debt
securities in which it invests. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Market Price Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Market Price Risk. Fund
Shares are listed for trading on an exchange and are bought and sold in the secondary
market at market prices. The market prices of Shares will fluctuate, in some cases materially,
in response to changes in the NAV and supply and demand for Shares. As a result, the
trading prices of Shares may deviate significantly from the NAV during periods of market
volatility. The Adviser cannot predict whether Shares will trade above, below or at their
NAV. Given the fact that Shares can be created and redeemed in Creation Units (defined
below), the Adviser believes that large discounts or premiums to the NAV of Shares should
not be sustained in the long-term. If market makers exit the business or are unable to
continue making markets in Fund Shares, Shares may trade at a discount to NAV like closed-end
fund shares and may even face delisting (that is, investors would no longer be able to
trade Shares in the secondary market). Further, while the creation/redemption feature
is designed to make it likely that Shares normally will trade close to the value of the
Fund’s holdings, disruptions to creations and redemptions, including disruptions
at market makers, APs or market participants, or during periods of significant market
volatility, may result in market prices that differ significantly from the value of the
Fund’s holdings. Although market makers will generally take advantage of differences
between the NAV and the market price of Fund Shares through arbitrage opportunities,
there is no guarantee that they will do so. In addition, the securities held by the Fund
may be traded in markets that close at a different time than the exchange on which the
Fund’s Shares trade. Liquidity in those securities may be reduced after the applicable
closing times. Accordingly, during the time when the exchange is open but after the applicable
market closing, fixing or settlement times, bid-ask spreads and the resulting premium
or discount to the Shares’ NAV is likely to widen. Further, secondary markets may
be subject to irregular trading activity, wide bid-ask spreads and extended trade settlement
periods, which could cause a material decline in the Fund’s NAV. The Fund’s
investment results are measured based upon the daily NAV of the Fund. Investors purchasing
and selling Shares in the secondary market may not experience investment results consistent
with those experienced by those APs creating and redeeming Shares directly with the Fund. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Pricing Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Pricing Risk. If market conditions make it difficult to value some investments, the Fund may value
these investments using more subjective methods, such as fair value pricing. In such cases, the value determined for an investment could
be different from the value realized upon such investment’s sale. As a result, you could pay more than the market value when buying
Fund Shares or receive less than the market value when selling Fund Shares. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Risk of Investing in the U.S. |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Risk of Investing in the U.S. Certain changes in the U.S. economy, such as when the U.S. economy
weakens or when its financial markets decline, may have an adverse effect on the securities to which the Fund has exposure. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | U.S. Treasury and Agency Market Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | U.S. Treasury and Agency Market Risk. The U.S. Treasury and agency market can be volatile, and
the value of instruments correlated with these markets may fluctuate dramatically from day to day. U.S. Treasury and agency obligations
may provide relatively lower returns than those of other securities. Similar to other debt instruments, U.S. Treasury and agency obligations
are subject to debt instrument risk and interest rate risk. In addition, changes to the financial condition or credit rating of the U.S.
Government may cause the value of U.S. Treasury and agency obligations to decline. U.S. Treasury obligations are backed by the “full
faith and credit” of the U.S. government and are generally considered to have negligible credit risk. Securities issued or guaranteed
by federal agencies or authorities and U.S. government-sponsored instrumentalities or enterprises may or may not be backed by the full
faith and credit of the U.S. government. |
|
F/m Compoundr U.S. Treasury 10-Year Note ETF | Risk Lose Money [Member] |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
As a result, you may lose money on your investment in the Fund, and there can be no assurance that the Fund will
achieve its investment objective.
|
F/m Compoundr U.S. Aggregate Bond ETF | Affiliated Fund Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Affiliated Fund Risk. Affiliated fund risk is the risk that the Adviser may select investments
for the Fund based on its own financial interests or other business considerations rather than the Fund’s interests. The Adviser
may be subject to potential conflicts of interest in selecting the Underlying Funds because affiliated Underlying Funds pay an advisory
fee to the Adviser based on their assets, the fees paid to the Adviser by some affiliated Underlying Funds may be higher than other Underlying
Funds or the Underlying Funds may be in need of assets to enhance their appeal to other investors, liquidity and trading and/or to enable
them to carry out their investment strategies. However, the Adviser is a fiduciary to the Fund and is legally obligated to act in the
Fund’s best interest when selecting Underlying Funds. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Asset Class Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Asset Class Risk. The securities and other assets in the Underlying Index or in the Fund’s
portfolio may underperform in comparison to financial markets generally, a particular financial market, another index, or other asset
classes. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Cash or Cash Equivalents Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Cash or Cash Equivalents Risk. At any time, the Fund may have significant investments in cash or
cash equivalents. When a substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of the
cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time. Additionally, in rising
markets, holding cash or cash equivalents may adversely affect the Fund’s performance and the Fund may not achieve its investment
objectives. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Concentration Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses
due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund’s investments
are concentrated in a particular issue, issuer or issuers, country, market segment, industries, project types, or asset class. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Credit Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Credit Risk. The value of your investment in the Fund may change in response to changes in the
credit ratings of the Fund’s portfolio securities, including with respect to Underlying Funds. Generally, investment risk and price
volatility increase as a security’s credit rating declines. The financial condition of an issuer of a fixed income security held
by such Fund or an Underlying Fund may cause it to default or become unable to pay interest or principal due on the security. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Cyber Security Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Cyber Security Risk. Cyber security
risk is the risk of an unauthorized breach and access to the Fund’s assets, Fund or
customer data (including private shareholder information), or proprietary information, or
the risk of an incident occurring that causes the Fund, the Adviser, custodian, transfer
agent, distributor and other service providers and financial intermediaries to suffer data
breaches, data corruption or lose operational functionality or prevent the Fund’s investors
from purchasing, redeeming or exchanging Shares or receiving distributions. While the Fund
and the Adviser have established business continuity plans and risk management systems seeking
to address system breaches or failures, there are inherent limitations in such plans and
systems. Further, the Fund cannot control the cybersecurity plans and systems of the Fund’s
service providers, market makers, or issuers of securities in which the Fund invests. The
Fund and the Adviser have limited ability to prevent or mitigate cyber security incidents
affecting third-party service providers, and such third-party service providers may have
limited indemnification obligations to the Fund or the Adviser. Successful cyber-attacks
or other cyber-failures or events affecting the Fund or its service providers may adversely
impact and cause financial losses to the Fund or its shareholders. Issuers of securities
in which the Fund invests are also subject to cyber security risks, and the value of these
securities could decline if the issuers experience cyberattacks or other cyber-failures. |
|
F/m Compoundr U.S. Aggregate Bond ETF | ETF Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | ETF Risk. The Fund is an ETF, and, as a result of an ETF's structure, it is exposed to the following
risks: |
| ● | Authorized Participants, Market Makers and Liquidity Providers Concentration Risk. Only an authorized
participant ("AP") may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of
financial institutions that are institutional investors and may act as APs. In addition, there may be a limited number of market makers
and/or liquidity providers in the marketplace. To the extent either of the following events occur, there may be significantly diminished
trading in Fund Shares, Fund Shares may trade at a material discount to net asset value (“NAV”), and Fund Shares may possibly
face delisting: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step
forward to perform these services, or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business
activities and no other entities step forward to perform their functions. These events, among others, may lead to Fund Shares trading
at a premium or discount to NAV. Thus, you may pay more (or less) than the NAV when you buy Shares of the Fund in the secondary market,
and you may receive less (or more) than NAV when you sell those Shares in the secondary market. A diminished market for an ETF's shares
substantially increases the risk that a shareholder may pay considerably more or receive significantly less than the underlying value
of the ETF shares bought or sold. In periods of market volatility, APs, market makers and/or liquidity providers may be less willing to
transact in Fund Shares. |
| ● | Secondary Market Trading
Risk. Although Shares are intended to be listed on a national securities exchange,
Nasdaq, Inc. (the “Exchange”), and may be traded on U.S. exchanges other than the
Exchange, there can be no assurance that an active or liquid trading market for them
will develop or be maintained. In addition, trading in Shares on the Exchange may be
halted. During periods of market stress, there may be times when the market price of
Shares is more than the NAV intra-day (premium) or less than the NAV intra-day (discount).
This risk is heightened in times of market volatility or periods of steep market declines. |
| ● | Shares May Trade at Prices Other Than NAV Risk. As with all ETFs, Shares may be bought and sold
in the secondary market at market prices. Shares trade on a stock exchange at prices at, above, or below the Fund’s most recent
NAV. The Fund’s NAV is calculated at the end of each business day and fluctuates with changes in the market value of the Fund’s
holdings. The trading price of the Shares fluctuates continuously throughout trading hours on the exchange, based on both the relative
market supply of, and demand for, the Shares and the underlying value of the Fund’s portfolio holdings. As a result, the trading
prices of the Shares may deviate from the Fund’s NAV. Although it is expected that the market price of Shares will approximate the
Fund’s NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less than the NAV intra-day
(discount). This risk is heightened in times of market volatility or periods of steep market declines. Any of these factors, among others,
may lead to the Shares trading at a premium or discount to NAV. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Fixed-Income Market Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Fixed-Income Market Risk. The market value of a fixed-income security may decline due to general
market conditions that are not specifically related to a particular issuer, such as real or perceived adverse economic conditions, changes
in the outlook for corporate earnings, changes in interest or currency rates or adverse investor sentiment generally. The fixed-income
securities market can be susceptible to increases in volatility and decreases in liquidity. Liquidity can decline unpredictably in response
to overall economic conditions or credit tightening. Increases in volatility and decreases in liquidity may be caused by a rise in interest
rates (or the expectation of a rise in interest rates). An unexpected increase in Fund redemption requests, including requests from shareholders
who may own a significant percentage of the Fund’s Shares, which may be triggered by market turmoil or an increase in interest rates,
could cause the Fund to sell its holdings at a loss or at undesirable prices and adversely affect the Fund’s Share price and increase
the Fund’s liquidity risk, expenses and/or taxable distributions. |
|
F/m Compoundr U.S. Aggregate Bond ETF | High Portfolio Turnover Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | High Portfolio Turnover Risk. In seeking to track the Underlying Index, the Fund may incur relatively
high portfolio turnover. The active and frequent trading of the Fund’s portfolio securities may result in increased transaction
costs to the Fund, including brokerage commissions, dealer mark-ups and other transaction costs, which could reduce the Fund’s return. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Income Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Income Risk. The Fund’s income may decline if interest rates fall. This decline in income
can occur because the Fund may subsequently invest in lower yielding bonds as bonds in its portfolio mature, are near maturity or are
called, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Index-Related Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Index-Related Risk. There is no guarantee that the Fund’s investment results will have a
high degree of correlation to those of the Underlying Index or that the Fund will achieve its investment objective. Market disruptions
and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in
order to track the Underlying Index. The Index Provider may rely on various sources of information to assess the criteria of components
of the Underlying Index, including information that may be based on assumptions and estimates. Neither the Fund nor the Adviser can offer
assurances that the Index Provider’s methodology or sources of information will provide an accurate assessment of included components.
Errors in index data, index computations or the construction of the Underlying Index in accordance with its methodology may occur from
time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact
on the Fund and its shareholders. Unusual market conditions or other unforeseen circumstances (such as natural disasters, political unrest
or war) may impact the Index Provider or a third-party Provider and may cause the Index Provider to postpone a scheduled rebalance, which
could cause the Underlying Index to vary from its normal or expected composition. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Index Rebalance Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Index Rebalance Risk. Pursuant to the methodology that the Index Provider uses to calculate and
maintain the Underlying Index, the Fund may own a significant portion of the Underlying Funds included in the Underlying Index. Any Underlying
Fund may be removed from the Underlying Index in the event that it does not comply its eligibility requirements. As a result, the Fund
may be forced to sell shares of Underlying Funds at inopportune times or for prices other than at current market values or may elect not
to sell such shares on the day that they are removed from the Underlying Index, due to market conditions or otherwise. Due to these factors,
the variation between the Fund’s annual return and the return of the Underlying Index may increase significantly. Apart from scheduled
rebalances, the Index Provider may carry out additional ad hoc rebalances to the Underlying Index to, for example, correct an error in
the selection of constituents. When the Fund in turn rebalances its portfolio, any transaction costs and market exposure arising from
such portfolio rebalancing will be borne by the Fund and its shareholders. Unscheduled rebalances may also expose the Fund to additional
tracking error risk. Therefore, errors and additional ad hoc rebalances carried out by the Index Provider and/or the Index Calculator
may increase the Fund’s costs and market exposure. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Inflation Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Inflation Risk. Under certain market conditions, the Fund may invest in an Underlying Fund that
is subject to inflation risk. Inflation risk is the risk that the value of assets or income from investments will be less in the future
as inflation decreases the value of money. As inflation increases, the present value of the Fund’s assets may decline. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Interest Rate Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Interest Rate Risk. Interest rate risk is the risk of losses attributable to changes in interest
rates. In general, if prevailing interest rates rise, the values of debt instruments tend to fall, and if interest rates fall, the values
of debt instruments tend to rise. Changes in the value of a debt instrument held by an Underlying Fund usually will not affect the amount
of income the Fund receives from it but will generally affect the value of your investment in the Fund. Changes in interest rates may
also affect the liquidity of an Underlying Fund’s investments in debt instruments. In general, the longer the maturity or duration
of a debt instrument, the greater its sensitivity to changes in interest rates. The Fund is subject to the risk that the income generated
by an Underlying Fund’s investments may not keep pace with inflation. Actions by governments and central banking authorities can
result in increases or decreases in interest rates, which may negatively affect the value of debt instruments held by the Fund and have
a negative impact on the Fund’s performance and NAV. Rising interest rates may prompt redemptions from the Fund, which may force
the Fund to sell investments at a time when it is not advantageous to do so, which could result in losses. During periods of very low
or negative interest rates, the Fund may be unable to maintain positive returns or pay dividends to Fund shareholders. Very low or negative
interest rates may magnify interest rate risk. Changing interest rates, including rates that fall below zero, may have unpredictable effects
on markets, result in heightened market volatility and detract from the Fund’s performance to the extent the Fund is exposed to
such interest rates. Additionally, under certain market conditions in which interest rates are low and the market prices for portfolio
securities have increased, the Fund may have a very low or even negative yield. A low or negative yield would cause the Fund to lose money
in certain conditions and over certain time periods. An increase in interest rates will generally cause the value of securities held by
Underlying Funds to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain
fixed-income investments, including those held by Underlying Funds. The historically low-interest rate environment in recent years heightens
the risks associated with rising interest rates. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Investment in Underlying Funds Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Investment in Underlying Funds
Risk. The Fund’s investment in shares of Underlying Funds subjects it to the
risks of owning the securities of the Underlying Fund, as well as the same structural
risks faced by an investor purchasing shares of the Underlying Fund, including authorized
participant concentration risk, market maker risk, premium/discount risk and trading
issues risk. As a shareholder in another ETF, the Fund bears its proportionate share
of the ETF’s expenses, subjecting Fund shareholders to duplicative expenses. Since
the Fund invests in the Underlying Funds, the Fund’s investment performance and
risks are likely to be directly related to those of the Underlying Funds. The Fund’s
NAV will change with changes in the value of the Underlying Funds and other assets that
the Fund holds. The shares of an Underlying Fund may trade at a premium or discount to
the Underlying Fund’s NAV. Investors in the Fund will indirectly bear the expenses
charged by the Underlying Funds, and an investment in the Fund may entail more expenses
than a direct investment in the Underlying Funds. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Liquidity Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Liquidity Risk. Certain securities held by the Fund may be difficult (or impossible) to sell at
the time and at the price the Adviser would like. As a result, the Fund may have to hold these securities longer than it would like and
may forego other investment opportunities. There is the possibility that the Fund may lose money or be prevented from realizing capital
gains if it cannot sell a security at a particular time and price. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Management Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Management Risk. As the Fund’s portfolio will not always replicate the Underlying Index fully,
it is subject to the risk that the Adviser’s investment strategy may not produce the intended results. The Adviser’s primary
use of a replication methodology, and the use of a representative sampling indexing strategy under certain circumstances, to manage the
Fund’s portfolio may subject the Fund to an increased risk of tracking error, in that the securities selected in aggregate for the
Fund’s portfolio may not have an investment profile similar to those of the Underlying Index. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Market Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Market Risk. Economies and financial
markets throughout the world are becoming increasingly interconnected, which
increases the likelihood that events or conditions in one country or region will
adversely impact markets or issuers in other countries or regions. The value of the Fund
and/or an Underlying Fund’s investments may be negatively affected by adverse changes
in overall economic or market conditions, such as the level of economic activity and
productivity, unemployment and labor force participation rates, inflation or deflation
(and expectations for inflation or deflation), interest rates, demand and supply for
particular products or resources including labor, and debt levels and credit ratings,
among other factors. Such adverse conditions may contribute to an overall economic contraction
across entire economies or markets, which may negatively impact the profitability of
issuers operating in those economies or markets. The Fund and/or an Underlying Fund is subject to the risk that geopolitical
events will disrupt securities markets and adversely affect global economies and
markets. The Fund and/or an Underlying Fund’s NAV and market price may
fluctuate significantly in response to these and other factors including economic,
political, or financial events, public health crises (such as epidemics or
pandemics), or other disruptive events (whether real, expected or perceived) in the U.S.
and global markets. The Fund could lose money over short periods due to short-term market
movements and over longer periods during more prolonged market downturns. As a result,
an investor could lose money over short or long periods of time. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Market Trading Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Market Trading Risk. The
Fund faces numerous market trading risks, including the potential lack of an active market
for Fund Shares (including through a trading halt), losses from trading in secondary
markets, periods of high volatility, and disruptions in the process of creating and redeeming
Fund Shares. Any of these factors, among others, may lead to the Fund’s Shares
trading in the secondary market at a premium or discount to NAV or to the intraday value
of the Fund’s portfolio holdings. If you buy Fund Shares at a time when the market
price is at a premium to NAV or sell Fund Shares at a time when the market price is at
a discount to NAV, you may pay significantly more or receive significantly less than
the underlying value of the Fund Shares. |
|
F/m Compoundr U.S. Aggregate Bond ETF | New Fund Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | New Fund Risk. The Fund is a newly organized, management investment company with a limited operating
history. In addition, there can be no assurance that the Fund will grow to, or maintain, an economically viable size, in which case the
Board of Directors (the “Board”) of The RBB Fund, Inc. (the “Company”) may determine to liquidate the Fund. |
|
F/m Compoundr U.S. Aggregate Bond ETF | Non-Correlation Risk |
|
Prospectus [Line Items] |
|
Risk [Text Block] |
| ● | Non-Correlation Risk. The Fund’s return may not match the return of the Underlying Index
for a number of reasons. The Fund incurs operating expenses not applicable to the Underlying Index, and may incur costs in buying and
selling securities, especially when rebalancing the Fund’s portfolio holdings to reflect changes in the composition of the Underlying
Index. In addition, the Fund’s portfolio holdings may not exactly replicate the securities included in the Underlying Index or the
ratios between the securities included in the Underlying Index. Additionally, in order to comply with its investment strategies and policies,
the Fund portfolio may deviate from the composition of the Underlying Index. Accordingly, the Fund's return may underperform the return
of the Underlying Index. |
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F/m Compoundr U.S. Aggregate Bond ETF | Operational Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including,
but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties, or
other third parties, failed or inadequate processes and technology or systems failures. The Fund and the Adviser seek to reduce these
operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to
address significant operational risks. |
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F/m Compoundr U.S. Aggregate Bond ETF | Passive Investment Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Passive Investment Risk.
The Fund is not actively managed and may be affected by a general decline in market segments
related to the Underlying Index. The Fund invests in securities included in, or representative
of, the Underlying Index, regardless of their investment merits. Although the Fund is
permitted to invest up to 100% of its assets in money market instruments for temporary
defensive or liquidity purposes, it may only do so for up to 90 days. |
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F/m Compoundr U.S. Aggregate Bond ETF | Premium/Discount Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Premium/Discount Risk.
The market price of the Fund’s Shares will generally fluctuate in accordance with
changes in the Fund’s NAV as well as the relative supply of and demand for Shares
on the exchange. The Adviser cannot predict whether Shares will trade below, at, or above
their NAV because the Shares trade on the exchange at market prices and not at NAV. Price
differences may be due, in large part, to the fact that supply and demand forces at work
in the secondary trading market for Shares will be closely related, but not identical,
to the same forces influencing the prices of the holdings of the Fund trading individually
or in the aggregate at any point in time. However, given that Shares can only be purchased
and redeemed in Creation Units, and only to and from broker-dealers and large institutional
investors that have entered into participation agreements (unlike shares of closed-end
funds, which frequently trade at appreciable discounts from, and sometimes at premiums
to, their NAV), the Adviser believes that large discounts or premiums to the NAV of Shares
should not be sustained. During stressed market conditions, the market for the Fund’s
Shares may become less liquid in response to deteriorating liquidity in the market for
the Fund’s underlying holdings, which could in turn lead to differences between
the market price of the Fund’s Shares and their NAV and the bid/ask spread on the
Fund’s Shares may widen. |
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F/m Compoundr U.S. Aggregate Bond ETF | Rating Agencies Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Rating Agencies Risk. Ratings are not an absolute standard of quality, but rather general indicators
that reflect only the view of the originating rating agencies from which an explanation of the significance of such ratings may be obtained.
There is no assurance that a particular rating will continue for any given period of time or that any such rating will not be revised
downward or withdrawn entirely if, in the judgment of the agency establishing the rating, circumstances so warrant. A downward revision
or withdrawal of such ratings, or either of them, may have an effect on the liquidity or market price of the securities in which an Underlying
Fund invests. |
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F/m Compoundr U.S. Aggregate Bond ETF | Reinvestment Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Reinvestment Risk. Reinvestment risk is the risk that income from the Fund’s portfolio will
decline if and when the Fund reinvests the proceeds from the disposition of its portfolio securities at market interest rates that are
below the portfolio's current earnings rate. A decline in income could negatively affect the market price of the Shares. |
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F/m Compoundr U.S. Aggregate Bond ETF | Reverse Repurchase Agreements Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Reverse Repurchase Agreements Risk.
Reverse repurchase agreements are a form of secured borrowing and subject the Fund to the
risks associated with leverage, including exposure to potential gains and losses in excess
of the amount invested, resulting in an increase in the speculative character of the Fund's
outstanding Shares. Reverse repurchase agreements involve the risk that the investment return
earned by the Fund (from the investment of the proceeds) will be less than the interest expense
of the transaction, that the market value of the securities sold by the Fund will decline
below the price the Fund is obligated to pay to repurchase the securities, and that the other
party may fail to return the securities in a timely manner or at all. |
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F/m Compoundr U.S. Aggregate Bond ETF | Sector Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Sector Risk. To the extent the Fund invests more heavily in particular sectors of the economy,
its performance will be especially sensitive to developments that significantly affect those sectors. |
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F/m Compoundr U.S. Aggregate Bond ETF | Securities Lending Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Securities Lending Risk. The
Fund may engage in securities lending (i.e., lend portfolio securities to institutions,
such as certain broker-dealers). Securities lending involves the risk that the Fund may
lose money because the borrower of the loaned securities fails to return the securities
in a timely manner or at all. The Fund could also lose money in the event of a decline
in the value of collateral provided for loaned securities or a decline in the value of
any investments made with cash collateral. These events could also trigger adverse tax
consequences for the Fund. The Fund could also experience a loss or delay in the recovery
of its securities if the borrowing institution breaches its agreement with the Fund. |
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F/m Compoundr U.S. Aggregate Bond ETF | Tax Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Tax Risk. Because the Fund is
expected to invest in the Underlying Funds, distributions of short-term capital gains by
an Underlying Fund will be recognized as ordinary income by the Fund and would not be offset
by the Fund's capital loss carryforwards, if any. Capital loss carryforwards of an Underlying
Fund, if any, will not be available to offset net capital gains of the Fund. Further, the
Fund’s realized losses on sales of shares of an Underlying Fund may be indefinitely or permanently
deferred as "wash sales" to the extent it reacquires shares of the same Underlying Fund within
the 61-day period beginning 30 days prior to the disposition date. |
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F/m Compoundr U.S. Aggregate Bond ETF | Tracking Error Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Tracking Error Risk. The Fund
may be subject to tracking error, which is the divergence of the Fund’s performance
from that of the Underlying Index. Tracking error may occur because of differences between
the securities and other instruments held in the Fund’s portfolio and those included
in the Underlying Index, pricing differences, transaction costs incurred by the Fund, the
Fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation
of distributions, the requirements to maintain RIC tax treatment, portfolio transactions
carried out to minimize the distribution of capital gains to shareholders, acceptance of
custom baskets, changes to the Underlying Index or the costs to the Fund of complying with
various new or existing regulatory requirements. This risk may be heightened during times
of increased market volatility or other unusual market conditions. Tracking error also may
result because the Fund incurs fees and expenses, while the Underlying Index does not. |
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F/m Compoundr U.S. Aggregate Bond ETF | U.S. Government Obligations Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | U.S. Government Obligations Risk. While U.S. Treasury obligations are backed by the “full
faith and credit” of the U.S. Government, such securities are nonetheless subject to credit risk (i.e., the risk that the U.S. Government
may be, or be perceived to be, unable or unwilling to honor its financial obligations, such as making payments). Securities issued or
guaranteed by federal agencies or authorities and U.S. Government-sponsored instrumentalities or enterprises may or may not be backed
by the full faith and credit of the U.S. Government. |
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F/m Compoundr U.S. Aggregate Bond ETF | Valuation Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Valuation Risk. The prices provided by the Fund’s pricing services or independent dealers
or the fair value determinations made by the valuation committee of the Adviser may be different from the prices used by other funds or
from the prices at which securities are actually bought and sold. The prices of certain securities provided by pricing services may be
subject to frequent and significant change, and will vary depending on the information that is available. |
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F/m Compoundr U.S. Aggregate Bond ETF | Duration Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Duration Risk. Duration is a measure of the price sensitivity of a debt security or portfolio to
interest rate changes. Duration risk is the risk that longer- duration debt securities will be more volatile and thus more likely to decline
in price, and to a greater extent, in a rising interest rate environment than shorter-duration debt securities. |
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F/m Compoundr U.S. Aggregate Bond ETF | Fixed Income Securities Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Fixed Income Securities Risk. Fixed-income securities are subject to the risk of the issuer’s
inability to meet principal and interest payments on its obligations (i.e., credit risk) and are subject to price volatility resulting
from, among other things, interest rate sensitivity, market perception of the creditworthiness of the issuer, willingness of broker-dealers
and other market participants to make markets in the applicable securities, and general market liquidity (i.e., market risk). Lower rated
fixed-income securities have greater volatility because there is less certainty that principal and interest payments will be made as scheduled.
There is a risk that a lack of liquidity or other adverse credit market conditions may hamper the Fund’s ability to sell the debt
securities in which it invests. |
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F/m Compoundr U.S. Aggregate Bond ETF | Market Price Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Market Price Risk. Fund
Shares are listed for trading on an exchange and are bought and sold in the secondary
market at market prices. The market prices of Shares will fluctuate, in some cases materially,
in response to changes in the NAV and supply and demand for Shares. As a result, the
trading prices of Shares may deviate significantly from the NAV during periods of market
volatility. The Adviser cannot predict whether Shares will trade above, below or at their
NAV. Given the fact that Shares can be created and redeemed in Creation Units (defined
below), the Adviser believes that large discounts or premiums to the NAV of Shares should
not be sustained in the long-term. If market makers exit the business or are unable to
continue making markets in Fund Shares, Shares may trade at a discount to NAV like closed-end
fund shares and may even face delisting (that is, investors would no longer be able to
trade Shares in the secondary market). Further, while the creation/redemption feature
is designed to make it likely that Shares normally will trade close to the value of the
Fund’s holdings, disruptions to creations and redemptions, including disruptions
at market makers, APs or market participants, or during periods of significant market
volatility, may result in market prices that differ significantly from the value of the
Fund’s holdings. Although market makers will generally take advantage of differences
between the NAV and the market price of Fund Shares through arbitrage opportunities,
there is no guarantee that they will do so. In addition, the securities held by the Fund
may be traded in markets that close at a different time than the exchange on which the
Fund’s Shares trade. Liquidity in those securities may be reduced after the applicable
closing times. Accordingly, during the time when the exchange is open but after the applicable
market closing, fixing or settlement times, bid-ask spreads and the resulting premium
or discount to the Shares’ NAV is likely to widen. Further, secondary markets may
be subject to irregular trading activity, wide bid-ask spreads and extended trade settlement
periods, which could cause a material decline in the Fund’s NAV. The Fund’s
investment results are measured based upon the daily NAV of the Fund. Investors purchasing
and selling Shares in the secondary market may not experience investment results consistent
with those experienced by those APs creating and redeeming Shares directly with the Fund. |
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F/m Compoundr U.S. Aggregate Bond ETF | Pricing Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Pricing Risk. If market conditions make it difficult to value some investments, the Fund may value
these investments using more subjective methods, such as fair value pricing. In such cases, the value determined for an investment could
be different from the value realized upon such investment’s sale. As a result, you could pay more than the market value when buying
Fund Shares or receive less than the market value when selling Fund Shares. |
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F/m Compoundr U.S. Aggregate Bond ETF | Counterparty Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Counterparty Risk. The Underlying Funds may engage in transactions in securities and financial
instruments that involve counterparties. Counterparty risk is the risk that a counterparty (the other party to a transaction or an agreement
or the party with whom the Underlying Fund executes transactions) to a transaction with the Underlying Fund may be unable or unwilling
to make timely principal, interest or settlement payments, or otherwise honor its obligations. |
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F/m Compoundr U.S. Aggregate Bond ETF | Issuer-Specific Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Issuer-Specific Risk. The value of an individual security or particular type of security may be
more volatile than the market as a whole and may perform differently from the value of the market as a whole. |
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F/m Compoundr U.S. Aggregate Bond ETF | Mortgage-Backed and Asset-Backed Securities Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Mortgage-Backed and Asset-Backed Securities Risk. The Fund may invest in Underlying Funds that
invest in mortgage- and asset-backed securities, which are subject to call (prepayment) risk, reinvestment risk and extension risk. In
addition, these securities are susceptible to an unexpectedly high rate of defaults on the mortgages held by a mortgage pool, which may
adversely affect their value. The risk of such defaults depends on the quality of the mortgages underlying such security, the credit quality
of its issuer or guarantor, and the nature and structure of its credit support. For example, the risk of default generally is higher in
the case of mortgage pools that include subprime mortgages, which are loans made to borrowers with weakened credit histories or with lower
capacity to make timely mortgage payments. |
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F/m Compoundr U.S. Aggregate Bond ETF | Prepayment and Extension Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | Prepayment and Extension Risk.
When interest rates fall, issuers of high interest debt obligations may pay off the debts
earlier than expected (prepayment risk), and the Fund may have to reinvest the proceeds at
lower yields. When interest rates rise, issuers of lower interest debt obligations may pay
off the debts later than expected (extension risk), thus keeping the Fund’s assets
tied up in lower interest debt obligations. Ultimately, any unexpected behavior in interest
rates could increase the volatility of the Fund’s Share price and yield and could hurt
fund performance. Prepayments could also create capital gains tax liability in some instances. |
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F/m Compoundr U.S. Aggregate Bond ETF | When-Issued Securities Risk |
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Prospectus [Line Items] |
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Risk [Text Block] |
| ● | When-Issued Securities Risk. The Fund may invest in Underlying Funds that purchase securities on
a when-issued or forward commitment basis. The purchase price of such securities is typically fixed at the time of the commitment, with
delivery and payment taking place in the future. At the time of delivery of the securities, the value may be more or less than the purchase
or sale price. Purchase of securities on a when-issued or forward commitment basis may give rise to investment leverage, and may result
in increased volatility of the Underlying Fund’s NAV. Default by, or bankruptcy of, a counterparty to a when-issued transaction
would expose the Underlying Fund to possible losses because of an adverse market action, expenses or delays in connection with the purchase
or sale of the pools specified in such transaction. The Financial Industry Regulatory Authority, Inc. (“FINRA”) Rules impose
mandatory margin requirements for certain types of when-issued or forward commitment transactions, with limited exceptions. Such transactions
require mandatory collateralization, which may increase the cost of such transactions and impose added operational complexity. |
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F/m Compoundr U.S. Aggregate Bond ETF | Risk Lose Money [Member] |
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Prospectus [Line Items] |
|
Risk [Text Block] |
As a result, you may lose money on your investment in the Fund,
and there can be no assurance that the Fund will achieve its investment objective.
|