Investment Risks - ABSOLUTE SELECT ETF
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Jul. 29, 2026 |
| Prospectus [Line Items] |
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| Risk [Text Block] |
All investments involve risks, and the Fund cannot
guarantee that it will achieve its investment objective. An investment in the Fund is not insured or guaranteed by any government agency.
As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the
Fund.
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| Market And Geopolitical Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Market and Geopolitical Risk. The increasing interconnectivity between global economies and
financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in
a different country, region or financial market. Securities in the Fund’s portfolio may underperform due to inflation (or expectations
for inflation), interest rates, global demand for particular products or resources, natural disasters, climate change and climate-related
events, pandemics, epidemics, terrorism, tariffs and trade wars, international conflicts, regulatory events and governmental or quasi-governmental
actions. The occurrence of global events similar to those in recent years may result in market volatility and may have long term effects
on both the U.S. and global financial markets. It is not known how long such impacts, or any future impacts of other significant events
described above, will or would last, but there could be a prolonged period of global economic slowdown, which may impact your Fund investment.
Therefore, the Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged
market downturns. During a general market downturn, multiple asset classes may be negatively affected. Changes in market conditions and
interest rates can have the same impact on all types of securities and instruments. In times of severe market disruptions, you could lose
your entire investment. |
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| Value Style Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Value Style Risk. Investing in “value” stocks presents the risk that the stocks may
never reach what the Subadviser believes are their full market values, either because the market fails to recognize what the Subadviser
considers to be the companies’ true business values or because the Subadviser misjudged those values. In addition, value stocks
may fall out of favor with investors and underperform growth stocks during given periods. |
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| Active Management Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Active Management Risk. The Fund is actively-managed and is thus subject to management risk. The
Subadviser will apply its investment techniques and strategies in making investment decisions for the Fund, but there is no guarantee
that its techniques will produce the intended results. |
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| Fluctuation Of Net Asset Value Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Fluctuation of Net Asset Value Risk. The net asset value (“NAV”) of the Fund’s
shares will generally fluctuate with changes in the market value of the Fund’s holdings. The market prices of the shares will generally
fluctuate in accordance with changes in NAV as well as the relative supply of and demand for the shares on the Exchange (as defined in
the “Purchase and Sale of Fund Shares” section of this Prospectus). |
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| Market Trading Risk [Member] |
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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, losses from trading in secondary markets, and periods of high volatility and disruption in the creation/redemption
process of the Fund. Any of these factors, among others, may lead to the Fund’s shares trading at a premium or discount to NAV. |
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| Authorized Participant Concentration Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Authorized Participant Concentration Risk. Only an Authorized Participant (as defined in the
“How to Buy and Sell Shares” section of this Prospectus) may engage in creation or redemption transactions directly with the
Fund. The Fund has a limited number of institutions that act as Authorized Participants. To the extent that these institutions exit the
business or are unable to proceed with creation and/or redemption orders with respect to the Fund and no other Authorized Participant
is able to step forward to create or redeem Creation Units (as defined in the “Purchase and Sale of Fund Shares” section of
this Prospectus), Fund shares may trade at a discount to NAV and possibly face trading halts and/or delisting. |
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| Company Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Company Risk. The value of the Fund may decrease in response to the activities and financial prospects
of an individual company in the Fund’s portfolio. The value of an individual company can be more volatile than the market as a whole. |
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| Sector Concentration Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Sector Concentration Risk. The Fund may focus its investments in securities of a particular
sector. Economic, legislative or regulatory
developments may occur that significantly affect the sector. This may cause the Fund’s NAV to fluctuate more than that of a fund
that does not focus in a particular sector. |
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| Large Cap Company Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Large Cap Company Risk. Larger, more established companies may be unable to attain the high growth
rates of successful, smaller companies during periods of economic expansion. |
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| Small And Medium Cap Company Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Small and Medium Cap Company Risk. Securities of companies with small and medium market capitalizations
are often more volatile and less liquid than investments in larger companies. Small and medium cap companies may face a greater risk of
business failure, which could increase the volatility of the Fund’s portfolio. |
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| Underlying Funds Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Underlying Funds Risk. When the Fund invests in an Underlying Fund, the Fund indirectly will
bear its proportionate share of any fees and expenses payable directly by the Underlying Fund. Therefore, the Fund will incur higher expenses,
many of which may be duplicative. In addition, the Fund may be affected by losses of the Underlying Funds and the level of risk arising
from the investment practices of the Underlying Funds (such as the use of leverage). ETFs and closed-end funds are subject to additional
risks, such as the fact that their shares may trade at a market price above or below their NAV or that an active market may not develop.
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| Money Market Fund Risks [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Money Market Fund Risks. When the Fund invests in an Underlying Fund, including a money market
fund, the Fund indirectly will bear its proportionate share of any fees and expenses payable directly by the Underlying Fund. Therefore,
the Fund will incur higher expenses, many of which may be duplicative. Although each underlying money market fund in which the Fund may
invest seeks to maintain the value of the investments at $1.00 per share, there is no assurance that the Underlying Fund will be able
to do so. |
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| Equity Securities Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Equity Securities Risk. The NAV of the Fund will fluctuate based on changes in the value of
the U.S. equity securities held by the Fund. Equity prices can fall rapidly in response to developments affecting a specific company or
industry, or to changing economic, political or market conditions. |
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| Foreign Company Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Foreign Company Risk. Investing in foreign companies may involve risks not associated with equity
investments in U.S. companies, including currency fluctuation, inflation, local withholding and other taxes, different financial reporting
practices and regulatory standards, changes in political conditions, nationalization, expropriation, and investment and repatriation restrictions.
The Fund may lose money due to political, security, economic and geographic events affecting issuers of non-U.S. companies. |
| o | Depositary Receipt Risk. ADRs are receipts, issued by depository banks in the United States,
for shares of a foreign-based company that entitle the holder to dividends and capital gains on the underlying security. ADRs may be sponsored
or unsponsored. In addition to the risks of investing in foreign securities, there is no guarantee that an ADR issuer will continue to
offer a particular ADR. As a result, the Fund may have difficulty selling the ADR or selling them quickly and efficiently at the prices
at which they have been valued. The issuers of unsponsored ADRs are not obligated to disclose information that is considered material
in the U.S. and voting rights with respect to the deposited securities are not passed through. ADRs may not track the prices of the underlying
foreign securities on which they are based, and their values may change materially at times when U.S. markets are not open for trading. |
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| Risk Of Investing In Developed Countries [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Risk of Investing in Developed Countries. The Fund's investments in developed country issuers
may subject the Fund to regulatory, political, currency, security, economic and other risks associated with developed countries. Developed
countries tend to represent a significant portion of the global economy and have generally experienced slower economic growth than some
less developed countries. Certain developed countries have experienced security concerns, such as terrorism and strained international
relations. Incidents involving a country's or region's security may cause uncertainty in its markets and may adversely affect its economy
and the Fund's investments. In addition, developed countries may be adversely impacted by changes to the economic conditions of certain
key trading partners, regulatory burdens, debt burdens and the price or availability of certain commodities. |
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| Inflation Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Inflation 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. |
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| Non Diversification Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Non-Diversification Risk. Because the Fund is non-diversified, it will hold larger positions
in a smaller number of securities than funds that are “diversified.” This means that an increase or decrease in the value
of a single security held by the Fund likely will have a greater impact on the Fund’s NAV and total return than a diversified fund. |
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| Issuer Cybersecurity Risk [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
| · | Issuer Cybersecurity Risk. Issuers of securities in which the Fund invests, counterparties with
which the Fund engages in transactions, exchange and other financial market operators, banks, brokers, dealers and other financial institutions
may experience cybersecurity breaches. These breaches may result in harmful disruptions to operations and may negatively impact the financial
condition of an issuer or market participant. The Fund and its shareholders could be negatively impacted as a result. |
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| Operational Risk [Member] |
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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 its agents 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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| Risk Lose Money [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
As with any mutual fund investment, the Fund’s returns and share price will fluctuate, and you may lose money by investing in the
Fund.
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| Risk Not Insured [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
An investment in the Fund is not insured or guaranteed by any government agency.
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| Risk Nondiversified Status [Member] |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Because the Fund is non-diversified, it will hold larger positions
in a smaller number of securities than funds that are “diversified.” This means that an increase or decrease in the value
of a single security held by the Fund likely will have a greater impact on the Fund’s NAV and total return than a diversified fund.
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