v3.26.3
Annual Fund Operating Expenses - LS Opportunity Fund
Oct. 01, 2026
Prospectus [Line Items]  
Fee Waiver or Reimbursement over Assets, Date of Termination September 30, 2027
LS Opportunity Fund - Institutional Class  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 1.75%
Distribution and Service (12b-1) Fees 0.00%
Component1 Other Expenses 0.97%
Component2 Other Expenses 0.30%
Other Expenses (as a percentage of Assets): 1.27%
Acquired Fund Fees and Expenses 0.02% [1]
Expenses (as a percentage of Assets) 3.04%
Fee Waiver or Reimbursement (0.10%) [2]
Net Expenses (as a percentage of Assets) 2.94%
[1] Total Annual Fund Operating Expenses shown in the table above differ from the ratio of expenses to average net assets shown in the Financial Highlights because the Financial Highlights exclude Acquired Fund Fees and Expenses.
[2] The Fund’s advisor has entered into an amended expense limitation agreement, pursuant to which it will waive its fees and/or reimburse other expenses of the Fund through September 30, 2027, so that Total Annual Fund Operating Expenses does not exceed 1.95%. This operating expense limitation does not apply to borrowing costs such as interest and dividends on securities sold short, taxes, brokerage commissions, other expenditures which are capitalized in accordance with generally accepted accounting principles, other extraordinary expenses not incurred in the ordinary course of the Fund’s business, expenses incurred under a Rule 12b-1 plan of distribution, “acquired fund fees and expenses,” and expenses that the Fund has incurred but did not actually pay because of an expense offset arrangement. Each waiver or reimbursement of an expense by the advisor 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. This agreement may only be terminated by mutual consent of the advisor and the Board of Trustees.