Form N-CSR Cover
Form N-CSR Cover | 12 Months Ended |
Jun. 30, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | FRANK FUNDS |
Entity Central Index Key | 0001281790 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jun. 30, 2024 |
Shareholder Report
Shareholder Report | 12 Months Ended |
Jun. 30, 2024 USD ($) Holding | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | FRANK FUNDS |
Entity Central Index Key | 0001281790 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jun. 30, 2024 |
Frank Value Fund Investor Class | |
Shareholder Report [Line Items] | |
Fund Name | FRANK VALUE FUND |
Class Name | INVESTOR CLASS |
Trading Symbol | FRNKX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://frankfunds.com 1-888-217-5426 |
Additional Information Phone Number | 1-888-217-5426 |
Additional Information Website | https://frankfunds.com |
Expenses [Text Block] | expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Frank Value Fund – Investor Class $ 213 2.02% |
Expenses Paid, Amount | $ 213 |
Expense Ratio, Percent | 2.02% |
Factors Affecting Performance [Text Block] | managment’s discussion of fund performance Frank Value Fund Letter to Shareholders The Frank Value Fund enjoyed positive returns for the year ended June 30, 2024, benefiting from favorable market conditions. Strategy Frank Capital Partners, LLC, the advisor to the Frank Value Fund, employs a focused strategy targeting small and mid-cap equities trading at low absolute valuations while growing earnings and/or possessing a catalyst to raise the valuation. The advisor searches for qualitative metrics such as excellent management teams, high marginal returns on capital, sustainable competitive advantages, and shareholder friendliness. Value-unlocking catalysts include material share repurchases, sustainably high dividend yields, potential for merger or acquisition, and index addition. Techniques The advisor’s security selection approach of low-valuation, high-quality, and unlocking catalysts also boosted returns. Information below provides some more detailed descriptions of catalyst-driven allocations employed during the year. NRG Energy The advisor initiated a position in NRG in July of 2023 at an average price of $37. The market valued the company at $8 billion. Management committed to a $2.7 billion stock repurchase for 2024 and 2025, roughly 11% of shares outstanding per year, in addition to paying a 4% dividend. This combines to a greater than 15% “share holder yield” which is superior to most other investment opportunities and a focus of Frank Capital Partners’ strategy. As of June 30, 2024, NRG trades at $77.86, returning about 110% for the Frank Value Fund. The advisor has trimmed NRG but currently maintains a core position. Ebay The advisor initiated a position in Ebay in December 2023 at an initial price of $41. The market valued the company at $21 billion, while waiting for a $4 billion asset sale to close. Additionally, Ebay produces upwards of $2 billion of free cash flow per year, and management is extremely shareholder friendly, repurchasing nearly 8% of shares outstanding and paying over a 2% dividend yield. This combines to a greater-than 10% “shareholder yield” which is superior to most other investment opportunities and a focus of Frank Capital Partners’ strategy. As of June 30, 2024, Ebay traded at $53.72, returning about 30% for the Frank Value Fund. The advisor is maintaining its position in Ebay currently. We sincerely thank you for being a shareholder of the Frank Value Fund and look forward to working for you in the future. |
Performance Past Does Not Indicate Future [Text] | Past performance is not a good predictor of future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL RETURNS One Year Five Year Ten Year Frank Value Fund – Investor Class 10.42% 8.88% 3.93% S&P 500 Total Return Index 24.56% 15.03% 12.85% Russell Mid Cap Value Index 11.98% 8.50% 7.60% |
No Deduction of Taxes [Text Block] | The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. |
Material Change Date | Jun. 30, 2024 |
Net Assets | $ 19,567,730 |
Holdings Count | Holding | 28 |
Advisory Fees Paid, Amount | $ 174,625 |
Investment Company, Portfolio Turnover | 100.08% |
Additional Fund Statistics [Text Block] | FUND STATISTICS NET ASSETS: PORTFOLIO HOLDINGS: PORTFOLIO TURNOVER: ADVISORY FEES PAID BY FUND: $ 19,567,730 28 100.08% $ 174,625 |
Holdings [Text Block] | PORTFOLIO ILLUSTRATION The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments. Utilities 9.51% Basic Materials 7.36% Communication Services 11.25% Consumer Cyclical 18.83% Consumer Defensive 14.17% Energy 11.12% Financial Services 6.22% Healthcare 6.45% Industrials 2.25% Money Market Fund 1.19% Real Estate Investment Trust 5.88% Technology 5.77% Sectors are based on Morningstar® classifications. Portfolio composition subject to change. top ten holdings 1. NRG Energy, Inc. 9.50% 2. CRH plc 7.35% 3. Viatris Inc. 6.45% 4. Calumet, Inc. 5.57% 5. Energy Transfer LP 5.54% 6. Nintendo Co., Ltd. 5.30% 7. Altria Group, Inc. 5.22% 8. eBay Inc. 4.06% 9. Philip Morris International Inc. 3.84% 10. Starbucks Corp. 3.46% Total % of Net Assets 56.29% |
Largest Holdings [Text Block] | top ten holdings 1. NRG Energy, Inc. 9.50% 2. CRH plc 7.35% 3. Viatris Inc. 6.45% 4. Calumet, Inc. 5.57% 5. Energy Transfer LP 5.54% 6. Nintendo Co., Ltd. 5.30% 7. Altria Group, Inc. 5.22% 8. eBay Inc. 4.06% 9. Philip Morris International Inc. 3.84% 10. Starbucks Corp. 3.46% Total % of Net Assets 56.29% |
Material Fund Change [Text Block] | How has the fund changed The Fund has not had any material changes during the year ended June 30, 2024 |
Updated Prospectus Phone Number | 1-888-217-5426 |
Frank Value Fund Class C | |
Shareholder Report [Line Items] | |
Fund Name | FRANK VALUE FUND |
Class Name | CLASS C |
Trading Symbol | FNKCX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://frankfunds.com 1-888-217-5426 |
Additional Information Phone Number | 1-888-217-5426 |
Additional Information Website | https://frankfunds.com |
Expenses [Text Block] | expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Frank Value Fund – Class C $ 222 2.12% |
Expenses Paid, Amount | $ 222 |
Expense Ratio, Percent | 2.12% |
Factors Affecting Performance [Text Block] | managment’s discussion of fund performance Frank Value Fund Letter to Shareholders The Frank Value Fund enjoyed positive returns for the year ended June 30, 2024, benefiting from favorable market conditions. Strategy Frank Capital Partners, LLC, the advisor to the Frank Value Fund, employs a focused strategy targeting small and mid-cap equities trading at low absolute valuations while growing earnings and/or possessing a catalyst to raise the valuation. The advisor searches for qualitative metrics such as excellent management teams, high marginal returns on capital, sustainable competitive advantages, and shareholder friendliness. Value-unlocking catalysts include material share repurchases, sustainably high dividend yields, potential for merger or acquisition, and index addition. Techniques The advisor’s security selection approach of low-valuation, high-quality, and unlocking catalysts also boosted returns. Information below provides some more detailed descriptions of catalyst-driven allocations employed during the year. NRG Energy The advisor initiated a position in NRG in July of 2023 at an average price of $37. The market valued the company at $8 billion. Management committed to a $2.7 billion stock repurchase for 2024 and 2025, roughly 11% of shares outstanding per year, in addition to paying a 4% dividend. This combines to a greater than 15% “share holder yield” which is superior to most other investment opportunities and a focus of Frank Capital Partners’ strategy. As of June 30, 2024, NRG trades at $77.86, returning about 110% for the Frank Value Fund. The advisor has trimmed NRG but currently maintains a core position. Ebay The advisor initiated a position in Ebay in December 2023 at an initial price of $41. The market valued the company at $21 billion, while waiting for a $4 billion asset sale to close. Additionally, Ebay produces upwards of $2 billion of free cash flow per year, and management is extremely shareholder friendly, repurchasing nearly 8% of shares outstanding and paying over a 2% dividend yield. This combines to a greater-than 10% “shareholder yield” which is superior to most other investment opportunities and a focus of Frank Capital Partners’ strategy. As of June 30, 2024, Ebay traded at $53.72, returning about 30% for the Frank Value Fund. The advisor is maintaining its position in Ebay currently. We sincerely thank you for being a shareholder of the Frank Value Fund and look forward to working for you in the future. |
Performance Past Does Not Indicate Future [Text] | Past performance is not a good predictor of future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL RETURNS One Year Five Year Ten Year Frank Value Fund – Class C 9.66% 8.07% 3.16% S&P 500 Total Return Index 24.56% 15.03% 12.85% Russell Mid Cap Value Index 11.98% 8.50% 7.60% |
No Deduction of Taxes [Text Block] | The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. |
Material Change Date | Jun. 30, 2024 |
Net Assets | $ 19,567,730 |
Holdings Count | Holding | 28 |
Advisory Fees Paid, Amount | $ 174,625 |
Investment Company, Portfolio Turnover | 100.08% |
Additional Fund Statistics [Text Block] | FUND STATISTICS NET ASSETS: PORTFOLIO HOLDINGS: PORTFOLIO TURNOVER: ADVISORY FEES PAID BY FUND: $ 19,567,730 28 100.08% $ 174,625 |
Holdings [Text Block] | PORTFOLIO ILLUSTRATION The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments. Utilities 9.51% Basic Materials 7.36% Communication Services 11.25% Consumer Cyclical 18.83% Consumer Defensive 14.17% Energy 11.12% Financial Services 6.22% Healthcare 6.45% Industrials 2.25% Money Market Fund 1.19% Real Estate Investment Trust 5.88% Technology 5.77% Sectors are based on Morningstar® classifications. Portfolio composition subject to change. top ten holdings 1. NRG Energy, Inc. 9.50% 2. CRH plc 7.35% 3. Viatris Inc. 6.45% 4. Calumet, Inc. 5.57% 5. Energy Transfer LP 5.54% 6. Nintendo Co., Ltd. 5.30% 7. Altria Group, Inc. 5.22% 8. eBay Inc. 4.06% 9. Philip Morris International Inc. 3.84% 10. Starbucks Corp. 3.46% Total % of Net Assets 56.29% |
Largest Holdings [Text Block] | top ten holdings 1. NRG Energy, Inc. 9.50% 2. CRH plc 7.35% 3. Viatris Inc. 6.45% 4. Calumet, Inc. 5.57% 5. Energy Transfer LP 5.54% 6. Nintendo Co., Ltd. 5.30% 7. Altria Group, Inc. 5.22% 8. eBay Inc. 4.06% 9. Philip Morris International Inc. 3.84% 10. Starbucks Corp. 3.46% Total % of Net Assets 56.29% |
Material Fund Change [Text Block] | How has the fund changed The Fund has not had any material changes during the year ended June 30, 2024 |
Updated Prospectus Phone Number | 1-888-217-5426 |
Frank Value Fund Institutional Class | |
Shareholder Report [Line Items] | |
Fund Name | FRANK VALUE FUND |
Class Name | INSTITUTIONAL CLASS |
Trading Symbol | FNKIX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://frankfunds.com 1-888-217-5426 |
Additional Information Phone Number | 1-888-217-5426 |
Additional Information Website | https://frankfunds.com |
Expenses [Text Block] | expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Frank Value Fund – Institutional Class $ 118 1.12% |
Expenses Paid, Amount | $ 118 |
Expense Ratio, Percent | 1.12% |
Factors Affecting Performance [Text Block] | managment’s discussion of fund performance Frank Value Fund Letter to Shareholders The Frank Value Fund enjoyed positive returns for the year ended June 30, 2024, benefiting from favorable market conditions. Strategy Frank Capital Partners, LLC, the advisor to the Frank Value Fund, employs a focused strategy targeting small and mid-cap equities trading at low absolute valuations while growing earnings and/or possessing a catalyst to raise the valuation. The advisor searches for qualitative metrics such as excellent management teams, high marginal returns on capital, sustainable competitive advantages, and shareholder friendliness. Value-unlocking catalysts include material share repurchases, sustainably high dividend yields, potential for merger or acquisition, and index addition. Techniques The advisor’s security selection approach of low-valuation, high-quality, and unlocking catalysts also boosted returns. Information below provides some more detailed descriptions of catalyst-driven allocations employed during the year. NRG Energy The advisor initiated a position in NRG in July of 2023 at an average price of $37. The market valued the company at $8 billion. Management committed to a $2.7 billion stock repurchase for 2024 and 2025, roughly 11% of shares outstanding per year, in addition to paying a 4% dividend. This combines to a greater than 15% “share holder yield” which is superior to most other investment opportunities and a focus of Frank Capital Partners’ strategy. As of June 30, 2024, NRG trades at $77.86, returning about 110% for the Frank Value Fund. The advisor has trimmed NRG but currently maintains a core position. Ebay The advisor initiated a position in Ebay in December 2023 at an initial price of $41. The market valued the company at $21 billion, while waiting for a $4 billion asset sale to close. Additionally, Ebay produces upwards of $2 billion of free cash flow per year, and management is extremely shareholder friendly, repurchasing nearly 8% of shares outstanding and paying over a 2% dividend yield. This combines to a greater-than 10% “shareholder yield” which is superior to most other investment opportunities and a focus of Frank Capital Partners’ strategy. As of June 30, 2024, Ebay traded at $53.72, returning about 30% for the Frank Value Fund. The advisor is maintaining its position in Ebay currently. We sincerely thank you for being a shareholder of the Frank Value Fund and look forward to working for you in the future. |
Performance Past Does Not Indicate Future [Text] | Past performance is not a good predictor of future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL RETURNS One Year Five Year Ten Year Frank Value Fund – Institutional Class 10.64% 9.15% 4.20% S&P 500 Total Return Index 24.56% 15.03% 12.85% Russell Mid Cap Value Index 11.98% 8.50% 7.60% |
No Deduction of Taxes [Text Block] | The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. |
Material Change Date | Jun. 30, 2024 |
Net Assets | $ 19,567,730 |
Holdings Count | Holding | 28 |
Advisory Fees Paid, Amount | $ 174,625 |
Investment Company, Portfolio Turnover | 100.08% |
Additional Fund Statistics [Text Block] | FUND STATISTICS NET ASSETS: PORTFOLIO HOLDINGS: PORTFOLIO TURNOVER: ADVISORY FEES PAID BY FUND: $ 19,567,730 28 100.08% $ 174,625 |
Holdings [Text Block] | PORTFOLIO ILLUSTRATION The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments. Utilities 9.51% Basic Materials 7.36% Communication Services 11.25% Consumer Cyclical 18.83% Consumer Defensive 14.17% Energy 11.12% Financial Services 6.22% Healthcare 6.45% Industrials 2.25% Money Market Fund 1.19% Real Estate Investment Trust 5.88% Technology 5.77% Sectors are based on Morningstar® classifications. Portfolio composition subject to change. top ten holdings 1. NRG Energy, Inc. 9.50% 2. CRH plc 7.35% 3. Viatris Inc. 6.45% 4. Calumet, Inc. 5.57% 5. Energy Transfer LP 5.54% 6. Nintendo Co., Ltd. 5.30% 7. Altria Group, Inc. 5.22% 8. eBay Inc. 4.06% 9. Philip Morris International Inc. 3.84% 10. Starbucks Corp. 3.46% Total % of Net Assets 56.29% |
Largest Holdings [Text Block] | top ten holdings 1. NRG Energy, Inc. 9.50% 2. CRH plc 7.35% 3. Viatris Inc. 6.45% 4. Calumet, Inc. 5.57% 5. Energy Transfer LP 5.54% 6. Nintendo Co., Ltd. 5.30% 7. Altria Group, Inc. 5.22% 8. eBay Inc. 4.06% 9. Philip Morris International Inc. 3.84% 10. Starbucks Corp. 3.46% Total % of Net Assets 56.29% |
Material Fund Change [Text Block] | How has the fund changed The Fund has not had any material changes during the year ended June 30, 2024 |
Updated Prospectus Phone Number | 1-888-217-5426 |
West Hills Core Fund | |
Shareholder Report [Line Items] | |
Fund Name | WEST HILLS CORE FUND |
Class Name | WEST HILLS CORE FUND |
Trading Symbol | LEBOX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://westhillscorefund.com/ 1-888-217-5426 |
Additional Information Phone Number | 1-888-217-5426 |
Additional Information Website | https://westhillscorefund.com/ |
Expenses [Text Block] | expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment West Hills Core Fund $ 213 1.99% |
Expenses Paid, Amount | $ 213 |
Expense Ratio, Percent | 1.99% |
Factors Affecting Performance [Text Block] | managment’s discussion of fund performance West Hills Core Fund Letter to Shareholders The West Hills Core Fund enjoyed positive returns for the year ended June 30, 2024, benefiting from favorable market conditions. Strategy Frank Capital Partners, LLC, the advisor to the West Hills Core Fund, employs an indexed strategy to the S&P 500 while hedging risk with listed options. The Fund sells out of the money call options and purchases put options with the proceeds. Techniques The advisor uses options trading to reduce draw-downs relative to the S&P 500 Index. Exchange traded put options are purchased to provide downside protection, while exchange traded call options are sold to capture implied volatility premiums. The options portfolio is actively managed to maintain a consistent market exposure. We sincerely thank you for being a shareholder of the West Hills Core Fund and look forward to working for you in the future. |
Performance Past Does Not Indicate Future [Text] | Past performance is not a good predictor of future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL RETURNS One Year Five Year Ten Year West Hills Core Fund 13.91% 8.81% 3.76% S&P 500 Total Return Index 24.56% 15.03% 12.85% |
No Deduction of Taxes [Text Block] | The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. |
Material Change Date | Jun. 30, 2024 |
Net Assets | $ 7,978,484 |
Holdings Count | Holding | 6 |
Advisory Fees Paid, Amount | $ (16,747) |
Investment Company, Portfolio Turnover | 20.43% |
Additional Fund Statistics [Text Block] | FUND STATISTICS NET ASSETS: PORTFOLIO HOLDINGS: PORTFOLIO TURNOVER: ADVISOR $ 7,978,484 6 20.43 $ (16,747) |
Holdings [Text Block] | PORTFOLIO ILLUSTRATION The following chart gives a visual breakdown of the Fund by the sectors or investment type, while the underlying securities represent as a percentage of the portfolio of investments. Options Purchased 0.27 Exchange Traded Fund 99.73 Sectors are based on Morningstar® classifications. Portfolio composition subject to change. Excludes written options. top holdings 1. SPDR S&P 500 ETF Trust 101.40% 2. SPDR S&P 500 ETF Trust, August 16, 2024, Put $515.00 0.28% Total % of Net Assets 101.68% |
Largest Holdings [Text Block] | top holdings 1. SPDR S&P 500 ETF Trust 101.40% 2. SPDR S&P 500 ETF Trust, August 16, 2024, Put $515.00 0.28% Total % of Net Assets 101.68% |
Material Fund Change [Text Block] | How has the fund changed The Fund has not had any material changes during the year ended June 30, 2024 |
Updated Prospectus Phone Number | 1-888-217-5426 |
Camelot Event-Drive Fund Class A | |
Shareholder Report [Line Items] | |
Fund Name | CAMELOT EVENT-DRIVEN FUND |
Class Name | CLASS A |
Trading Symbol | EVDAX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at http://cameloteventdrivenfund.com 1-866-706-9790 |
Additional Information Phone Number | 1-866-706-9790 |
Additional Information Website | http://cameloteventdrivenfund.com |
Expenses [Text Block] | expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Camelot Event-Drive Fund – Class A $ 205 2.02% |
Expenses Paid, Amount | $ 205 |
Expense Ratio, Percent | 2.02% |
Factors Affecting Performance [Text Block] | managment’s discussion of fund performance Camelot Event-Driven Fund Letter to Shareholders The Camelot Event-Driven Fund Class A returned 3.07% for the fiscal year ended June 30, 2024, compared to 24.56% for the S&P 500 Total Return Index. The Fund maintained a cautious positioning throughout the year, employing hedges in its activist and special situations substrategy while also holding treasury securities, whose yield compared favorably with the opportunities available in merger arbitrage but without the downside associated with deal risk. Strategy Camelot Event-Driven Advisors, LLC, the advisor to the Camelot Event-Driven Fund, employs an event-driven strategy targeting pricing inefficiencies created by several types of company-specific events. The fund maintained its largest allocations to activist investments and special situations throughout the year. Activist activity remained variable throughout the period yet providing sufficient investment opportunities. Merger arbitrage remains a relatively small allocation compared to allocations in the past. The risk/return profile of this strategy still has not reached a level where larger allocations would be warranted. In fact, Treasury yields have increased to a level where government bonds are an attractive substitute for a merger arbitrage allocation. The fund has also exercised appraisal rights in a number of its portfolio holdings. Similarly, distressed opportunities remain a small albeit increasing fraction of the portfolio. During the year, the team has made a small allocation to the distressed bonds of Chinese real estate developers, who, in the opinion of the team, are experiencing a liquidity crunch rather than a solvency crisis and provide unusually asymmetric risk/return profiles. I thank all of our investors for your continued support and investment and wish you a prosperous year. Camelot Event-Driven Fund Portfolio Manager Thomas Kirchner |
Performance Past Does Not Indicate Future [Text] | Past performance is not a good predictor of future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL RETURNS One Year Five Year Ten Year Camelot Event Driven Fund - Class A (with load) -2.59% 8.94% 6.74% Camelot Event Driven Fund - Class A (without load) 3.07% 10.17% 7.33% S&P 500 Total Return Index 24.56% 15.03% 12.85% HFRX Equity Market Neutral Index 4.82% 0.37% 0.17% |
No Deduction of Taxes [Text Block] | The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. |
Material Change Date | Jun. 30, 2024 |
Net Assets | $ 96,866,390 |
Holdings Count | Holding | 254 |
Advisory Fees Paid, Amount | $ 1,321,818 |
Investment Company, Portfolio Turnover | 48.03% |
Additional Fund Statistics [Text Block] | FUND STATISTICS NET ASSETS: PORTFOLIO HOLDINGS: PORTFOLIO TURNOVER: ADVISORY FEES PAID BY FUND: $ 96,866,390 254 48.03% $ 1,321,818 |
Holdings [Text Block] | PORTFOLIO ILLUSTRATION The following chart gives a visual breakdown of the Fund by the sectors or investment type, while the underlying securities represent as a percentage of the portfolio of investments. Utilities 7.14% Warrants 0.01% Asset-Backed Securities 0.09% Basic Materials 14.86% Communication Services 1.17% Consumer Cyclical 3.77% Consumer Defensive 15.08% Contingent Value Rights 0.00%^ Convertible Bond 0.01% Corporate Bond 1.52% Energy 1.36% Escrow Shares 0.00%^ Financial Services 0.40% Healthcare 16.07% Industrials 3.25% Money Market Fund 8.99% Mortgage-Backed Securities 0.00%^ Municipal Bonds 0.14% Options Purchased 4.43% Preferred Stocks 1.27% Real Estate 0.20% Real Estate Investment Trust 2.01% Structured Notes 0.00%^ Technology 2.60% United States Treasury Note Bonds 15.63% ^ Less than 0.005% Categorizations above are made using Morningstar® classifications. Portfolio composition is subject to change. Excludes written options. top ten holdings 1. Goldman Sachs Tr Financial Square Government Fund - Institutional Class 9.25% 2. Colgate-Palmolive Company 7.91% 3. Humana Inc. 6.17% 4. PPL Corporation 5.57% 5. US Treasury Note 4.50% 11/15/2033 4.18% 6. Newmont Corporation 3.85% 7. International Flavors & Fragrances, Inc. 3.64% 8. Johnson & Johnson 3.09% 9. The J. M. Smucker Co. 2.81% 10. Illumina, Inc. 2.69% Total % of Net Assets 49.16% |
Largest Holdings [Text Block] | top ten holdings 1. Goldman Sachs Tr Financial Square Government Fund - Institutional Class 9.25% 2. Colgate-Palmolive Company 7.91% 3. Humana Inc. 6.17% 4. PPL Corporation 5.57% 5. US Treasury Note 4.50% 11/15/2033 4.18% 6. Newmont Corporation 3.85% 7. International Flavors & Fragrances, Inc. 3.64% 8. Johnson & Johnson 3.09% 9. The J. M. Smucker Co. 2.81% 10. Illumina, Inc. 2.69% Total % of Net Assets 49.16% |
Material Fund Change [Text Block] | How has the fund changed The Fund has not had any material changes during the year ended June 30, 2024 |
Updated Prospectus Phone Number | 1-866-706-9790 |
Camelot Event-Drive Fund Institutional Class | |
Shareholder Report [Line Items] | |
Fund Name | CAMELOT EVENT-DRIVEN FUND |
Class Name | INSTITUTIONAL CLASS |
Trading Symbol | EVDIX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at http://cameloteventdrivenfund.com 1-866-706-9790 |
Additional Information Phone Number | 1-866-706-9790 |
Additional Information Website | http://cameloteventdrivenfund.com |
Expenses [Text Block] | expense Information What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Fund Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Camelot Event-Drive Fund – Institutional Class $ 180 1.77% |
Expenses Paid, Amount | $ 180 |
Expense Ratio, Percent | 1.77% |
Factors Affecting Performance [Text Block] | managment’s discussion of fund performance Camelot Event-Driven Fund Letter to Shareholders The Camelot Event-Driven Fund Institutional Class returned 3.34% for the fiscal year ended June 30, 2024, compared to 24.56% for the S&P 500 Total Return Index. The Fund maintained a cautious positioning throughout the year, employing hedges in its activist and special situations substrategy while also holding treasury securities, whose yield compared favorably with the opportunities available in merger arbitrage but without the downside associated with deal risk. Strategy Camelot Event-Driven Advisors, LLC, the advisor to the Camelot Event-Driven Fund, employs an event-driven strategy targeting pricing inefficiencies created by several types of company-specific events. The fund maintained its largest allocations to activist investments and special situations throughout the year. Activist activity remained variable throughout the period yet providing sufficient investment opportunities. Merger arbitrage remains a relatively small allocation compared to allocations in the past. The risk/return profile of this strategy still has not reached a level where larger allocations would be warranted. In fact, Treasury yields have increased to a level where government bonds are an attractive substitute for a merger arbitrage allocation. The fund has also exercised appraisal rights in a number of its portfolio holdings. Similarly, distressed opportunities remain a small albeit increasing fraction of the portfolio. During the year, the team has made a small allocation to the distressed bonds of Chinese real estate developers, who, in the opinion of the team, are experiencing a liquidity crunch rather than a solvency crisis and provide unusually asymmetric risk/return profiles. I thank all of our investors for your continued support and investment and wish you a prosperous year. Camelot Event-Driven Fund Portfolio Manager Thomas Kirchner |
Performance Past Does Not Indicate Future [Text] | Past performance is not a good predictor of future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | AVERAGE ANNUAL RETURNS One Year Five Year Ten Year Camelot Event Driven Fund - Institutional Class 3.34% 10.50% 7.63% S&P 500 Total Return Index 24.56% 15.03% 12.85% HFRX Equity Market Neutral Index 4.82% 0.37% 0.17% |
No Deduction of Taxes [Text Block] | The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. |
Material Change Date | Jun. 30, 2024 |
Net Assets | $ 96,866,390 |
Holdings Count | Holding | 254 |
Advisory Fees Paid, Amount | $ 1,321,818 |
Investment Company, Portfolio Turnover | 48.03% |
Additional Fund Statistics [Text Block] | FUND STATISTICS NET ASSETS: PORTFOLIO HOLDINGS: PORTFOLIO TURNOVER: ADVISORY FEES PAID BY FUND: $ 96,866,390 254 48.03 $ 1,321,818 |
Holdings [Text Block] | PORTFOLIO ILLUSTRATION The following chart gives a visual breakdown of the Fund by the sectors or investment type, while the underlying securities represent as a percentage of the portfolio of investments. Utilities 7.14% Warrants 0.01% Asset-Backed Securities 0.09% Basic Materials 14.86% Communication Services 1.17% Consumer Cyclical 3.77% Consumer Defensive 15.08% Contingent Value Rights 0.00%^ Convertible Bond 0.01% Corporate Bond 1.52% Energy 1.36% Escrow Shares 0.00%^ Financial Services 0.40% Healthcare 16.07% Industrials 3.25% Money Market Fund 8.99% Mortgage-Backed Securities 0.00%^ Municipal Bonds 0.14% Options Purchased 4.43% Preferred Stocks 1.27% Real Estate 0.20% Real Estate Investment Trust 2.01% Structured Notes 0.00%^ Technology 2.60% United States Treasury Note Bonds 15.63% ^ Less than 0.005% Categorizations above are made using Morningstar® classifications. Portfolio composition is subject to change. Excludes written options. top ten holdings 1. Goldman Sachs Tr Financial Square Government Fund - Institutional Class 9.25% 2. Colgate-Palmolive Company 7.91% 3. Humana Inc. 6.17% 4. PPL Corporation 5.57% 5. US Treasury Note 4.50% 11/15/2033 4.18% 6. Newmont Corporation 3.85% 7. International Flavors & Fragrances, Inc. 3.64% 8. Johnson & Johnson 3.09% 9. The J. M. Smucker Co. 2.81% 10. Illumina, Inc. 2.69% Total % of Net Assets 49.16% |
Largest Holdings [Text Block] | top ten holdings 1. Goldman Sachs Tr Financial Square Government Fund - Institutional Class 9.25% 2. Colgate-Palmolive Company 7.91% 3. Humana Inc. 6.17% 4. PPL Corporation 5.57% 5. US Treasury Note 4.50% 11/15/2033 4.18% 6. Newmont Corporation 3.85% 7. International Flavors & Fragrances, Inc. 3.64% 8. Johnson & Johnson 3.09% 9. The J. M. Smucker Co. 2.81% 10. Illumina, Inc. 2.69% Total % of Net Assets 49.16% |
Material Fund Change [Text Block] | How has the fund changed The Fund has not had any material changes during the year ended June 30, 2024 |
Updated Prospectus Phone Number | 1-866-706-9790 |
Shareholder Report, Line Graph
Shareholder Report, Line Graph (Details) - USD ($) | 12 Months Ended | 60 Months Ended | 120 Months Ended | ||||||||||||||||||||
Jun. 30, 2024 | Jun. 30, 2024 | Jun. 30, 2024 | Dec. 31, 2023 | Jun. 30, 2023 | Dec. 31, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2020 | Jun. 30, 2020 | Dec. 31, 2019 | Jun. 30, 2019 | Dec. 31, 2018 | Jun. 30, 2018 | Dec. 31, 2017 | Jun. 30, 2017 | Dec. 31, 2016 | Jun. 30, 2016 | Dec. 31, 2015 | Jun. 30, 2015 | Dec. 31, 2014 | Jun. 30, 2014 | |
Frank Value Fund Investor Class | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Investor Class | ||||||||||||||||||||||
Account Value | $ 14,415 | $ 14,415 | $ 14,415 | $ 13,257 | $ 11,752 | $ 11,289 | $ 12,041 | $ 12,794 | $ 10,826 | $ 10,247 | $ 9,378 | $ 9,263 | $ 9,552 | $ 9,263 | $ 9,205 | $ 9,263 | $ 9,321 | $ 9,610 | $ 9,378 | $ 9,378 | $ 9,494 | $ 9,668 | $ 9,668 |
Average Annual Return, Percent | 10.42% | 8.88% | 3.93% | ||||||||||||||||||||
Frank Value Fund Class C | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Class C | ||||||||||||||||||||||
Account Value | $ 14,415 | $ 14,415 | $ 14,415 | 13,257 | 11,752 | 11,289 | 12,041 | 12,794 | 10,826 | 10,247 | 9,378 | 9,263 | 9,552 | 9,263 | 9,205 | 9,263 | 9,321 | 9,610 | 9,378 | 9,378 | 9,494 | 9,668 | 9,668 |
Average Annual Return, Percent | 9.66% | 8.07% | 3.16% | ||||||||||||||||||||
Frank Value Fund Institutional Class | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Institutional Class | ||||||||||||||||||||||
Account Value | $ 14,415 | $ 14,415 | $ 14,415 | 13,257 | 11,752 | 11,289 | 12,041 | 12,794 | 10,826 | 10,247 | 9,378 | 9,263 | 9,552 | 9,263 | 9,205 | 9,263 | 9,321 | 9,610 | 9,378 | 9,378 | 9,494 | 9,668 | 9,668 |
Average Annual Return, Percent | 10.64% | 9.15% | 4.20% | ||||||||||||||||||||
West Hills Core Fund | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | West Hills Core Fund | ||||||||||||||||||||||
Account Value | $ 14,415 | $ 14,415 | $ 14,415 | 13,257 | 12,504 | 11,289 | 10,999 | 12,794 | 11,636 | 10,247 | 9,494 | 9,263 | 9,263 | 9,263 | 9,147 | 9,263 | 8,973 | 9,321 | 9,494 | 9,378 | 9,726 | 9,668 | 9,668 |
Average Annual Return, Percent | 13.91% | 8.81% | 3.76% | ||||||||||||||||||||
Camelot Event-Drive Fund Class A | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Class A | ||||||||||||||||||||||
Account Value | $ 13,459 | $ 13,459 | $ 13,459 | 13,234 | 13,178 | 13,123 | 12,742 | 12,742 | 12,635 | 10,630 | 8,981 | 9,487 | 9,407 | 8,757 | 8,981 | 8,683 | 8,538 | 8,255 | 8,083 | 7,750 | 8,221 | 8,117 | 8,255 |
Average Annual Return, Percent | (2.59%) | 8.94% | 6.74% | ||||||||||||||||||||
Camelot Event-Drive Fund Class A | Without Sales Load [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Average Annual Return, Percent | 3.07% | 10.17% | 7.33% | ||||||||||||||||||||
Camelot Event-Drive Fund Institutional Class | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Institutional Class | ||||||||||||||||||||||
Account Value | $ 13,459 | $ 13,459 | $ 13,459 | 13,234 | 13,178 | 13,123 | 12,742 | 12,742 | 12,635 | 10,630 | 8,981 | 9,487 | 9,407 | 8,757 | 8,981 | 8,683 | 8,538 | 8,255 | 8,083 | 7,750 | 8,221 | 8,152 | 8,255 |
Average Annual Return, Percent | 3.34% | 10.50% | 7.63% | ||||||||||||||||||||
S&P 500 Total Return Index, FRNKX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | ||||||||||||||||||||||
Account Value | $ 20,863 | $ 20,863 | $ 20,863 | 19,917 | 18,026 | 17,636 | 18,415 | 20,140 | 18,026 | 16,524 | 12,240 | 13,686 | 13,909 | 12,629 | 13,575 | 13,353 | 11,628 | 11,294 | 10,293 | 10,070 | 10,404 | 10,293 | 9,959 |
Average Annual Return, Percent | 24.56% | 15.03% | 12.85% | ||||||||||||||||||||
S&P 500 Total Return Index, FNKCX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | ||||||||||||||||||||||
Account Value | $ 20,863 | $ 20,863 | $ 20,863 | 19,917 | 18,026 | 17,636 | 18,415 | 20,140 | 18,026 | 16,524 | 12,240 | 13,686 | 13,909 | 12,629 | 13,575 | 13,353 | 11,628 | 11,294 | 10,293 | 10,070 | 10,404 | 10,293 | 9,959 |
Average Annual Return, Percent | 24.56% | 15.03% | 12.85% | ||||||||||||||||||||
S&P 500 Total Return Index, FNKIX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | ||||||||||||||||||||||
Account Value | $ 20,863 | $ 20,863 | $ 20,863 | 19,917 | 18,026 | 17,636 | 18,415 | 20,140 | 18,026 | 16,524 | 12,240 | 13,686 | 13,909 | 12,629 | 13,575 | 13,353 | 11,628 | 11,294 | 10,293 | 10,070 | 10,404 | 10,293 | 9,959 |
Average Annual Return, Percent | 24.56% | 15.03% | 12.85% | ||||||||||||||||||||
S&P 500 Total Return Index, LEBOX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | ||||||||||||||||||||||
Account Value | $ 33,112 | $ 33,112 | $ 33,112 | 27,034 | 24,139 | 22,576 | 23,908 | 27,960 | 23,155 | 19,045 | 18,003 | 17,425 | 15,746 | 13,778 | 14,878 | 14,183 | 12,910 | 11,925 | 11,057 | 10,594 | 10,536 | 10,363 | 9,668 |
Average Annual Return, Percent | 24.56% | 15.03% | 12.85% | ||||||||||||||||||||
S&P 500 Total Return Index, EVDAX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | ||||||||||||||||||||||
Account Value | $ 22,410 | $ 22,410 | $ 22,410 | 21,305 | 19,666 | 16,338 | 16,269 | 19,666 | 17,257 | 15,017 | 12,742 | 12,904 | 11,565 | 10,408 | 10,948 | 10,585 | 10,106 | 9,487 | 8,943 | 8,831 | 8,757 | 8,611 | 8,396 |
Average Annual Return, Percent | 24.56% | 15.03% | 12.85% | ||||||||||||||||||||
S&P 500 Total Return Index, EVDIX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | S&P 500 Index | ||||||||||||||||||||||
Account Value | $ 22,410 | $ 22,410 | $ 22,410 | 21,305 | 19,666 | 16,338 | 16,269 | 19,666 | 17,257 | 15,017 | 12,742 | 12,904 | 11,565 | 10,408 | 10,948 | 10,585 | 10,106 | 9,487 | 8,943 | 8,831 | 8,757 | 8,683 | 8,396 |
Average Annual Return, Percent | 24.56% | 15.03% | 12.85% | ||||||||||||||||||||
Russell Mid Cap Value Index, FRNKX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Russell Mid Cap Value Index | ||||||||||||||||||||||
Account Value | $ 33,112 | $ 33,112 | $ 33,112 | 27,034 | 22,750 | 22,576 | 25,992 | 27,960 | 21,882 | 19,045 | 18,177 | 17,425 | 14,646 | 13,778 | 14,530 | 14,183 | 11,925 | 11,462 | 10,884 | 10,594 | 10,363 | 10,363 | 9,668 |
Average Annual Return, Percent | 11.98% | 8.50% | 7.60% | ||||||||||||||||||||
Russell Mid Cap Value Index, FNKCX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Russell Mid Cap Value Index | ||||||||||||||||||||||
Account Value | $ 33,112 | $ 33,112 | $ 33,112 | 27,034 | 22,750 | 22,576 | 25,992 | 27,960 | 21,882 | 19,045 | 18,177 | 17,425 | 14,646 | 13,778 | 14,530 | 14,183 | 11,925 | 11,462 | 10,884 | 10,594 | 10,363 | 10,363 | 9,668 |
Average Annual Return, Percent | 11.98% | 8.50% | 7.60% | ||||||||||||||||||||
Russell Mid Cap Value Index, FNKIX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Russell Mid Cap Value Index | ||||||||||||||||||||||
Account Value | $ 33,112 | $ 33,112 | $ 33,112 | 27,034 | 22,750 | 22,576 | 25,992 | 27,960 | 21,882 | 19,045 | 18,177 | 17,425 | 14,646 | 13,778 | 14,530 | 14,183 | 11,925 | 11,462 | 10,884 | 10,594 | 10,363 | 10,363 | 9,668 |
Average Annual Return, Percent | 11.98% | 8.50% | 7.60% | ||||||||||||||||||||
HFRX Equity Market Neutral Index, EVDAX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | HFRX Equity Market Neutral Index | ||||||||||||||||||||||
Account Value | $ 8,360 | $ 8,360 | $ 8,360 | 8,290 | 8,255 | 8,152 | 8,083 | 8,221 | 8,221 | 8,186 | 8,186 | 8,325 | 8,467 | 8,431 | 8,611 | 8,647 | 8,538 | 8,574 | 8,574 | 8,831 | 8,574 | 8,502 | 8,396 |
Average Annual Return, Percent | 4.82% | 0.37% | 0.17% | ||||||||||||||||||||
HFRX Equity Market Neutral Index, EVDIX | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | HFRX Equity Market Neutral Index | ||||||||||||||||||||||
Account Value | $ 8,360 | $ 8,360 | $ 8,360 | $ 8,290 | $ 8,255 | $ 8,152 | $ 8,083 | $ 8,221 | $ 8,221 | $ 8,186 | $ 8,186 | $ 8,325 | $ 8,467 | $ 8,431 | $ 8,611 | $ 8,647 | $ 8,538 | $ 8,574 | $ 8,574 | $ 8,831 | $ 8,574 | $ 8,502 | $ 8,396 |
Average Annual Return, Percent | 4.82% | 0.37% | 0.17% |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) | Jun. 30, 2024 | |
Frank Value Fund Investor Class | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 56.29% | |
Frank Value Fund Investor Class | NRG Energy, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.50% | |
Frank Value Fund Investor Class | CRH plc | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.35% | |
Frank Value Fund Investor Class | Viatris Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.45% | |
Frank Value Fund Investor Class | Calumet, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.57% | |
Frank Value Fund Investor Class | Energy Transfer LP | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.54% | |
Frank Value Fund Investor Class | Nintendo Co., Ltd. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.30% | |
Frank Value Fund Investor Class | Altria Group, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.22% | |
Frank Value Fund Investor Class | eBay Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 4.06% | |
Frank Value Fund Investor Class | Philip Morris International Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.84% | |
Frank Value Fund Investor Class | Starbucks Corp. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.46% | |
Frank Value Fund Investor Class | Utilities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.51% | |
Frank Value Fund Investor Class | Basic Materials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.36% | |
Frank Value Fund Investor Class | Communication Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 11.25% | |
Frank Value Fund Investor Class | Consumer Cyclical | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 18.83% | |
Frank Value Fund Investor Class | Consumer Defensive | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 14.17% | |
Frank Value Fund Investor Class | Energy | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 11.12% | |
Frank Value Fund Investor Class | Financial Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.22% | |
Frank Value Fund Investor Class | Healthcare | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.45% | |
Frank Value Fund Investor Class | Industrials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.25% | |
Frank Value Fund Investor Class | Money Market Fund | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.19% | |
Frank Value Fund Investor Class | Real Estate Investment Trust | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.88% | |
Frank Value Fund Investor Class | Technology | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.77% | |
Frank Value Fund Class C | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 56.29% | |
Frank Value Fund Class C | NRG Energy, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.50% | |
Frank Value Fund Class C | CRH plc | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.35% | |
Frank Value Fund Class C | Viatris Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.45% | |
Frank Value Fund Class C | Calumet, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.57% | |
Frank Value Fund Class C | Energy Transfer LP | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.54% | |
Frank Value Fund Class C | Nintendo Co., Ltd. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.30% | |
Frank Value Fund Class C | Altria Group, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.22% | |
Frank Value Fund Class C | eBay Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 4.06% | |
Frank Value Fund Class C | Philip Morris International Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.84% | |
Frank Value Fund Class C | Starbucks Corp. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.46% | |
Frank Value Fund Class C | Utilities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.51% | |
Frank Value Fund Class C | Basic Materials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.36% | |
Frank Value Fund Class C | Communication Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 11.25% | |
Frank Value Fund Class C | Consumer Cyclical | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 18.83% | |
Frank Value Fund Class C | Consumer Defensive | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 14.17% | |
Frank Value Fund Class C | Energy | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 11.12% | |
Frank Value Fund Class C | Financial Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.22% | |
Frank Value Fund Class C | Healthcare | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.45% | |
Frank Value Fund Class C | Industrials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.25% | |
Frank Value Fund Class C | Money Market Fund | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.19% | |
Frank Value Fund Class C | Real Estate Investment Trust | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.88% | |
Frank Value Fund Class C | Technology | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.77% | |
Frank Value Fund Institutional Class | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 56.29% | |
Frank Value Fund Institutional Class | NRG Energy, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.50% | |
Frank Value Fund Institutional Class | CRH plc | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.35% | |
Frank Value Fund Institutional Class | Viatris Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.45% | |
Frank Value Fund Institutional Class | Calumet, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.57% | |
Frank Value Fund Institutional Class | Energy Transfer LP | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.54% | |
Frank Value Fund Institutional Class | Nintendo Co., Ltd. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.30% | |
Frank Value Fund Institutional Class | Altria Group, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.22% | |
Frank Value Fund Institutional Class | eBay Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 4.06% | |
Frank Value Fund Institutional Class | Philip Morris International Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.84% | |
Frank Value Fund Institutional Class | Starbucks Corp. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.46% | |
Frank Value Fund Institutional Class | Utilities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.51% | |
Frank Value Fund Institutional Class | Basic Materials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.36% | |
Frank Value Fund Institutional Class | Communication Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 11.25% | |
Frank Value Fund Institutional Class | Consumer Cyclical | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 18.83% | |
Frank Value Fund Institutional Class | Consumer Defensive | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 14.17% | |
Frank Value Fund Institutional Class | Energy | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 11.12% | |
Frank Value Fund Institutional Class | Financial Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.22% | |
Frank Value Fund Institutional Class | Healthcare | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.45% | |
Frank Value Fund Institutional Class | Industrials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.25% | |
Frank Value Fund Institutional Class | Money Market Fund | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.19% | |
Frank Value Fund Institutional Class | Real Estate Investment Trust | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.88% | |
Frank Value Fund Institutional Class | Technology | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.77% | |
West Hills Core Fund | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 101.68% | |
West Hills Core Fund | SPDR S&P 500 ETF Trust | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 101.40% | |
West Hills Core Fund | SPDR S&P 500 ETF Trust, August 16, 2024, Put @ $515.00 | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.28% | |
West Hills Core Fund | Options Purchased | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.27% | |
West Hills Core Fund | Exchange Traded Fund [Member] | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 99.73% | |
Camelot Event-Drive Fund Class A | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 49.16% | |
Camelot Event-Drive Fund Class A | Goldman Sachs Tr Financial Square Government Fund - Institutional Class | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.25% | |
Camelot Event-Drive Fund Class A | Colgate-Palmolive Company | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.91% | |
Camelot Event-Drive Fund Class A | Humana Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.17% | |
Camelot Event-Drive Fund Class A | PPL Corporation | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.57% | |
Camelot Event-Drive Fund Class A | US Treasury Note 4.50% 11/15/2033 | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 4.18% | |
Camelot Event-Drive Fund Class A | Newmont Corporation | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.85% | |
Camelot Event-Drive Fund Class A | International Flavors & Fragrances, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.64% | |
Camelot Event-Drive Fund Class A | Johnson & Johnson | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.09% | |
Camelot Event-Drive Fund Class A | The J. M. Smucker Co. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.81% | |
Camelot Event-Drive Fund Class A | Illumina, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.69% | |
Camelot Event-Drive Fund Class A | Utilities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.14% | |
Camelot Event-Drive Fund Class A | Basic Materials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 14.86% | |
Camelot Event-Drive Fund Class A | Communication Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.17% | |
Camelot Event-Drive Fund Class A | Consumer Cyclical | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.77% | |
Camelot Event-Drive Fund Class A | Consumer Defensive | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 15.08% | |
Camelot Event-Drive Fund Class A | Energy | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.36% | |
Camelot Event-Drive Fund Class A | Financial Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.40% | |
Camelot Event-Drive Fund Class A | Healthcare | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 16.07% | |
Camelot Event-Drive Fund Class A | Industrials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.25% | |
Camelot Event-Drive Fund Class A | Money Market Fund | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 8.99% | |
Camelot Event-Drive Fund Class A | Real Estate Investment Trust | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.01% | |
Camelot Event-Drive Fund Class A | Technology | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.60% | |
Camelot Event-Drive Fund Class A | Options Purchased | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 4.43% | |
Camelot Event-Drive Fund Class A | Warrants | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.01% | |
Camelot Event-Drive Fund Class A | Asset-Backed Securities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.09% | |
Camelot Event-Drive Fund Class A | Contingent Value Rights | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [1] |
Camelot Event-Drive Fund Class A | Convertible Bond | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.01% | |
Camelot Event-Drive Fund Class A | Corporate Bond | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.52% | |
Camelot Event-Drive Fund Class A | Escrow Shares | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [1] |
Camelot Event-Drive Fund Class A | Mortgage-Backed Securities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [1] |
Camelot Event-Drive Fund Class A | Municipal Bonds | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.14% | |
Camelot Event-Drive Fund Class A | Preferred Stocks | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.27% | |
Camelot Event-Drive Fund Class A | Real Estate | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.20% | |
Camelot Event-Drive Fund Class A | Structured Notes | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [1] |
Camelot Event-Drive Fund Class A | United States Treasury Note Bonds | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 15.63% | |
Camelot Event-Drive Fund Institutional Class | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 49.16% | |
Camelot Event-Drive Fund Institutional Class | Goldman Sachs Tr Financial Square Government Fund - Institutional Class | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 9.25% | |
Camelot Event-Drive Fund Institutional Class | Colgate-Palmolive Company | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.91% | |
Camelot Event-Drive Fund Institutional Class | Humana Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 6.17% | |
Camelot Event-Drive Fund Institutional Class | PPL Corporation | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 5.57% | |
Camelot Event-Drive Fund Institutional Class | International Flavors & Fragrances, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.64% | |
Camelot Event-Drive Fund Institutional Class | Johnson & Johnson | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.09% | |
Camelot Event-Drive Fund Institutional Class | The J. M. Smucker Co. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.81% | |
Camelot Event-Drive Fund Institutional Class | Illumina, Inc. | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.69% | |
Camelot Event-Drive Fund Institutional Class | Utilities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 7.14% | |
Camelot Event-Drive Fund Institutional Class | Basic Materials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 14.86% | |
Camelot Event-Drive Fund Institutional Class | Communication Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.17% | |
Camelot Event-Drive Fund Institutional Class | Consumer Cyclical | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.77% | |
Camelot Event-Drive Fund Institutional Class | Consumer Defensive | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 15.08% | |
Camelot Event-Drive Fund Institutional Class | Energy | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.36% | |
Camelot Event-Drive Fund Institutional Class | Financial Services | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.40% | |
Camelot Event-Drive Fund Institutional Class | Healthcare | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 16.07% | |
Camelot Event-Drive Fund Institutional Class | Industrials | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 3.25% | |
Camelot Event-Drive Fund Institutional Class | Money Market Fund | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 8.99% | |
Camelot Event-Drive Fund Institutional Class | Real Estate Investment Trust | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.01% | |
Camelot Event-Drive Fund Institutional Class | Technology | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 2.60% | |
Camelot Event-Drive Fund Institutional Class | Options Purchased | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 4.43% | |
Camelot Event-Drive Fund Institutional Class | Warrants | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.01% | |
Camelot Event-Drive Fund Institutional Class | Asset-Backed Securities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.09% | |
Camelot Event-Drive Fund Institutional Class | Contingent Value Rights | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [2] |
Camelot Event-Drive Fund Institutional Class | Convertible Bond | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.01% | |
Camelot Event-Drive Fund Institutional Class | Corporate Bond | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.52% | |
Camelot Event-Drive Fund Institutional Class | Escrow Shares | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [2] |
Camelot Event-Drive Fund Institutional Class | Mortgage-Backed Securities | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [2] |
Camelot Event-Drive Fund Institutional Class | Municipal Bonds | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.14% | |
Camelot Event-Drive Fund Institutional Class | Preferred Stocks | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 1.27% | |
Camelot Event-Drive Fund Institutional Class | Real Estate | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0.20% | |
Camelot Event-Drive Fund Institutional Class | Structured Notes | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 0% | [2] |
Camelot Event-Drive Fund Institutional Class | United States Treasury Note Bonds | ||
Holdings [Line Items] | ||
Percent of Net Asset Value | 15.63% | |
[1]Less than 0.005%[2]Less than 0.005% |