v3.26.1
Annual Fund Operating Expenses
Jun. 25, 2026
FM Compounders Equity ETF | FM Compounders Equity ETF  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.70%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.00% [1]
Acquired Fund Fees and Expenses 0.01% [2]
Expenses (as a percentage of Assets) 0.71%
FM Focus Equity ETF | FM Focus Equity ETF  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.70%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.00% [3]
Acquired Fund Fees and Expenses 0.02% [4]
Expenses (as a percentage of Assets) 0.72%
[1] The Fund’s adviser, First Manhattan Co. LLC (the “Adviser”), has agreed to pay all expenses incurred by the Fund except for (i) the advisory fee; (ii) any front-end or contingent deferred loads; (iii) brokerage fees and commissions; (iv) any Rule 12b-l fees; (v) acquired fund fees and expenses; (vi) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (vii) borrowing costs (such as interest and dividend expense on securities sold short); (viii) taxes; and (ix) extraordinary expenses.
[2] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.
[3] The Fund’s adviser, First Manhattan Co. LLC (the “Adviser”), has agreed to pay all expenses incurred by the Fund except for (i) the advisory fee; (ii) any front-end or contingent deferred loads; (iii) brokerage fees and commissions; (iv) any Rule 12b-l fees; (v) acquired fund fees and expenses; (vi) fees and expenses associated with investments in other collective investment vehicles or derivative instruments (including for example option and swap fees and expenses); (vii) borrowing costs (such as interest and dividend expense on securities sold short); (viii) taxes; and (ix) extraordinary expenses.
[4] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund.