v3.25.2
Annual Fund Operating Expenses
Sep. 11, 2025
Vulcan Value Partners Fund - Investor Class Shares  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.85%
Distribution and Service (12b-1) Fees 0.25%
Other Expenses (as a percentage of Assets): 0.09% [1]
Expenses (as a percentage of Assets) 1.19%
Fee Waiver or Reimbursement (0.09%) [2]
Net Expenses (as a percentage of Assets) 1.10%
Vulcan Value Partners Fund - Institutional Class Shares  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.85%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.16% [1]
Expenses (as a percentage of Assets) 1.01%
Fee Waiver or Reimbursement (0.16%) [2]
Net Expenses (as a percentage of Assets) 0.85%
Vulcan Value Partners Small Cap Fund - Investor Class Shares  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 1.00%
Distribution and Service (12b-1) Fees 0.25%
Other Expenses (as a percentage of Assets): 0.20% [3]
Expenses (as a percentage of Assets) 1.45%
Fee Waiver or Reimbursement (0.30%) [4]
Net Expenses (as a percentage of Assets) 1.15%
Vulcan Value Partners Small Cap Fund - Institutional Class Shares  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 1.00%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.26% [3]
Expenses (as a percentage of Assets) 1.26%
Fee Waiver or Reimbursement (0.26%) [4]
Net Expenses (as a percentage of Assets) 1.00%
[1] Other Expenses are estimated for the Fund’s initial fiscal year.
[2] Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) has contractually agreed to limit the Fund’s total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses (if any), brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.10% and 0.85% of the Fund’s average daily net assets with respect to Investor Class shares and Institutional Class shares, respectively. This expense limitation agreement is in effect for at least one-year from the date that the Fund commences operations. The Adviser will be permitted to recapture expenses it has borne through the agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the agreement provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap then in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fee and expenses were deferred.
[3] Other Expenses are estimated for the Fund’s initial fiscal year.
[4] Vulcan Value Partners, LLC (“Vulcan” or the “Adviser”) has contractually agreed to limit the Fund’s total annual fund operating expenses (exclusive of Acquired Fund Fees and Expenses (if any), brokerage expenses, interest expense, taxes and extraordinary expenses) to 1.15% and 1.00% of the Funds’ average daily net assets with respect to Investor Class shares and Institutional Class shares, respectively. The expense limitation agreement is in effect for at least one-year from the date that the Fund commences operations. The Adviser will be permitted to recapture expenses it has borne through the agreement to the extent that the Fund’s expenses in later periods fall below the annual rates set forth in the agreement provided, however, that such recapture payments do not cause the Fund’s expense ratio (after recapture) to exceed the lesser of (i) the expense cap in effect at the time of the waiver and (ii) the expense cap then in effect at the time of the recapture. Notwithstanding the foregoing, the Fund will not pay any such deferred fees and expenses more than thirty-six months after the date on which the fee and expenses were deferred.