v3.26.3
Annual Fund Operating Expenses - BFS Equity Fund
Oct. 01, 2026
Prospectus [Line Items]  
Fee Waiver or Reimbursement over Assets, Date of Termination September 30, 2027
BFS Equity Fund Institutional Class  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 0.75%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.42%
Expenses (as a percentage of Assets) 1.17%
Fee Waiver or Reimbursement (0.18%)
Net Expenses (as a percentage of Assets) 0.99% [1]
[1] 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, 2027, 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.