Fees and Expenses - BFS Equity Fund
|
Oct. 01, 2025 |
| Prospectus [Line Items] |
|
| Expense Heading [Optional Text] |
Fees
and Expenses of the Fund
|
| Expense Narrative [Text Block] |
The
table below describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may pay other fees,
such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and example below.
|
| Shareholder Fees Caption [Optional Text] |
Shareholder
fees (fees paid directly from your investment)
|
| Shareholder Fees [Table] |
|
|
| Fee
for Redemptions Paid by Wire |
$15.00 |
|
| Operating Expenses Caption [Optional Text] |
Annual
Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
|
| Annual Fund Operating Expenses [Table] |
| |
Institutional
Class |
| Annual
Fund Operating Expenses (expenses that are deducted from Fund assets) |
|
| Management
Fees |
0.75% |
| Distribution
and/or Service (12b-1) Fees1 |
None |
| Other
Expenses |
0.42% |
| Total
Annual Fund Operating Expenses1 |
1.17% |
| Fee
Waiver/Expense Reimbursement1 |
(0.18%) |
| Total
Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement1,2 |
0.99% |
| 1 | Expenses
for Institutional Class Shares are restated to reflect current contractual fees and expenses. |
| 2 | Total
Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement reflects that the Adviser
(defined later) has contractually agreed to waive or limit its fees and to assume other expenses
of the Fund through September 30, 2026, so that Total Annual Fund Operating Expenses does
not exceed 0.99%. This contractual arrangement may only be terminated by mutual consent of
the Adviser and the Board of Trustees of the Trust, and it will automatically terminate upon
the termination of the investment advisory agreement between the Fund and the Adviser. This
operating expense limitation does not apply to: (i) interest, (ii) taxes, (iii) brokerage
commissions, (iv) other expenditures which are capitalized in accordance with generally accepted
accounting principles, (v) other extraordinary expenses not incurred in the ordinary course
of the Fund’s business, (vi) dividend expense on short sales, (vii) expenses incurred under
a plan of distribution under Rule 12b-1, and (viii) expenses that the Fund has incurred but
did not actually pay because of an expense offset arrangement, if applicable, in any fiscal
year. The operating expense limitation also excludes any “Acquired Fund Fees and Expenses,”
which are the expenses indirectly incurred by the Fund as a result of investing in money
market funds or other investment companies, including exchange-traded funds, that have their
own expenses. Each waiver or reimbursement of an expense by the Adviser is subject to repayment
by the Fund within the three years following the date of such waiver or reimbursement, provided
that the Fund is able to make the repayment without exceeding the expense limitation in place
at the time of the waiver or reimbursement and the expense limitation in place at the time
of the repayment. |
|
| Expense Example [Heading] |
Expense
Example:
|
| Expense Example Narrative [Text Block] |
This
example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
|
| Expense Example by, Year, Caption [Text] |
The example
assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.
The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.
The effect of the Adviser’s agreement to waive fees and/or reimburse Fund expenses is only reflected in the first year of the example
shown below. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
|
| Expense Example, With Redemption [Table] |
| |
1
Year |
3
Years |
5
Years |
10
Years |
| Institutional
Class |
$101 |
$354 |
$626 |
$1,404 |
|
| Portfolio Turnover [Heading] |
Portfolio
Turnover
|
| Portfolio Turnover [Text Block] |
The
Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher
portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.
These costs, which are not reflected in annual operating expenses or in the example above, affect the Fund’s performance. During
the most recent fiscal year, the Fund’s portfolio turnover rate was 16.10% of the average value of its portfolio.
|
| Portfolio Turnover, Rate |
16.10%
|