Shareholder Report | 12 Months Ended |
Sep. 30, 2024 USD ($) Holding |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | FundVantage Trust |
Entity Central Index Key | 0001388485 |
Entity Investment Company Type | N-1A |
Document Period End Date | Sep. 30, 2024 |
Ambrus Core Bond Fund - Institutional Class | |
Shareholder Report [Line Items] | |
Fund Name | Ambrus Core Bond Fund |
Class Name | Institutional Class |
Trading Symbol | TTRBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Ambrus Core Bond Fund for the period of October 1, 2023 to September 30, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.ambrusfunds.com/ambrus-core-bond-fund/ |
Additional Information Phone Number | (833) 996-2101 |
Additional Information Website | https://www.ambrusfunds.com/ambrus-core-bond-fund/ |
Expenses [Text Block] | What were the Fund costs for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of a $10,000 investment Costs paid as a percentage Ambrus Core Bond Fund $ 0.50 % |
Expenses Paid, Amount | $ 53 |
Expense Ratio, Percent | 0.50% |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance Summary of Results Over the trailing one-year, the Ambrus Core Bond Fund returned 10.20% versus its index (the Bloomberg Intermediate U.S. Government/Credit Bond Index) returning 9.45%, for outperformance of 0.75%. Outperformance was driven by positive attribution effects across asset allocation and security selection, with yield curve positioning slightly detracting from performance. Top Contributors to Performance An overweight to credit-sensitive asset classes (including corporate bonds, preferreds, and taxable municipal bonds) contributed to performance, as benchmark investment-grade credit spreads compressed from a wide of +163 to a tight of +115 over the year Security selection within every sector of the corporate bond portfolio contributed to performance, as credit spreads for corporate bonds owned in the Fund compressed more than those in the benchmark The underweight to the energy and communication services sectors within corporate bonds contributed positively to performance Top Detractors to Performance The Fund had a slight u nderwe The overweight to the industrials and financials sectors within corporate bonds slightly detracted from performance |
Performance Past Does Not Indicate Future [Text] | All returns represent past performance which is no guarantee of future results. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 Year Since inception Institutional Class 10.20 % 5.21 % * Bloomberg U.S. Aggregate Bond Index** 11.57 % 4.08 % *** Bloomberg Intermediate U.S. Government/Credit Bond Index 9.45 % 4.43 % *** * The Ambrus Core Bond Fund commenced operations on September 6, 2022. ** The Fund has designated the Bloomberg U.S. Aggregate Bond Index as its new broad-based securities market index in accordance with the SEC’s revised definition for such an index. *** Benchmark performance is from the commencement date of the Fund Class only and is not the commencement date of the benchmark itself. |
Performance Inception Date | Sep. 06, 2022 |
No Deduction of Taxes [Text Block] | The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. |
Updated Performance Information Location [Text Block] | Please visit https://www.ambrusfunds.com/ambrus-core-bond-fund/ |
Net Assets | $ 350,779,508 |
Holdings Count | Holding | 136 |
Advisory Fees Paid, Amount | $ 973,392 |
Investment Company, Portfolio Turnover | 32% |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key Fund Fund net assets $ Total number of portfolio holdings 136 Total advisory fee paid, net $ Portfolio turnover rate as of the end of the reporting period 32 % |
Holdings [Text Block] | Portfolio Holdings Summary Table (as of September 30, 2024) The following table presents a summary by sector of the portfolio holdings of the Fund as a percentage of net assets: Sector Allocation of Corporate Bonds Financials 11.2 % Consumer Discretionary 7.5 % Industrials 5.3 % Technology 4.6 % Health Care 3.5 % Materials 2.3 % Consumer Staple Products 2.2 % Energy 2.1 % Utilities 2.0 % Communications 1.8 % Real Estate 1.7 % TOTAL 44.2 % Portfolio Composition |
Material Fund Change [Text Block] | Material Fund changes during the period There were no material changes to the Fund. |
Updated Prospectus Web Address | https://www.ambrusfunds.com/ambrus-core-bond-fund/ |
Accountant Change Disagreements [Text Block] | Changes in and Disagreements with Accountants During the fiscal year ended September 30, 2024, there were no changes in and /or |
Ambrus Tax-ConsciousNational Bond Fund - Institutional Class | |
Shareholder Report [Line Items] | |
Fund Name | Ambrus Tax-ConsciousCalifornia Bond Fund |
Class Name | Institutional Class |
Trading Symbol | TCCBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Ambrus Tax-Conscious California Bond Fund for the period of October 1, 2023 to September 30, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.ambrusfunds.com/ambrus-tax-conscious-california-bond-fund/ |
Additional Information Phone Number | (833) 996-2101 |
Additional Information Website | https://www.ambrusfunds.com/ambrus-tax-conscious-california-bond-fund/ |
Expenses [Text Block] | What were the Fund costs for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of a $10,000 investment Costs paid as a percentage Ambrus Tax-Conscious California Bond Fund $ 0.50 % |
Expenses Paid, Amount | $ 52 |
Expense Ratio, Percent | 0.50% |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance Summary of Results Over the trailing one-year, the Ambrus Tax-Conscious California Bond Fund returned 8.00% versus its index (the Bloomberg California Municipal Inter-Short (1-10 Year) Index) returning 7.07%, for outperformance of 0.93%. Outperformance was driven by positive attribution effects from asset allocation, security selection, and yield curve positioning. Top Contributors to Performance The overweight to duration benefited performance, as the benchmark 10-year treasury yield declined from a high of 4.99% to a low of 3.62% Within the municipal bond portfolio, positive security selection benefited performance, as the municipal bonds owned in the Fund outperformed those owned in the benchmark Within the municipal bond portfolio, the overweight to the housing and transportation sectors and underweight to the pre-refunded sector benefited Fund performance Fund performance benefited from positive asset allocation effects due to the overweight to treasury bonds, corporate bonds, and preferreds Fund performance also benefited from active management between asset classes, as the Fund was underweight municipal bonds and overweight corporate bonds from December 2023 to May 2024, followed by significantly increasing ex po Top Detractors to Performance Within the municipal bond portfolio, the underweight to the gas pre-pay sector detracted from Fund performance |
Performance Past Does Not Indicate Future [Text] | All returns represent past performance which is no guarantee of future results. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 Year Since inception Institutional Class 8.00 % 4.91 % * Bloomberg Municipal Bond Index** 10.37 % 6.30 % *** Bloomberg California Municipal Inter-Short (1-10 Year) Index 7.07 % 4.51 % *** * The Ambrus Tax-Conscious California Bond Fund commenced operations on October 3, 2022. ** The Fund has designated the Bloomberg Municipal Bond Index as its new broad-based securities market index in accordance with the SEC’s revised definition for such an index. *** Benchmark performance is from the commencement date of the Fund Class only and is not the commencement date of the benchmark itself. |
Performance Inception Date | Oct. 03, 2022 |
No Deduction of Taxes [Text Block] | The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. |
Updated Performance Information Location [Text Block] | Please visit https://www.ambrusfunds.com/ambrus-tax-conscious-california-bond-fund/ |
Net Assets | $ 295,889,367 |
Holdings Count | Holding | 262 |
Advisory Fees Paid, Amount | $ 771,004 |
Investment Company, Portfolio Turnover | 39% |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key Fund Fund net assets $ Total number of portfolio holdings 262 Total advisory fee paid, net $ Portfolio turnover rate as of the end of the reporting period 39 % |
Holdings [Text Block] | Portfolio Holdings Summary Table (as of September 30, 2024) The following table presents a sum mar State Diversification California 64.3 % Texas 2.4 % Connecticut 2.4 % Illinois 2.3 % Ohio 1.9 % Other (each less than 1.7%) 6.7 % TOTAL 80.0 % |
Material Fund Change [Text Block] | Material Fund changes during the period There were no material changes to the Fund. |
Updated Prospectus Web Address | https://www.ambrusfunds.com/ambrus-tax-conscious-california-bond-fund/ |
Accountant Change Disagreements [Text Block] | Changes in and Disagreements with Accountants During the fiscal year ended September 30, 2024, there were no changes in and/or disagreements with Accountants. |
Ambrus Tax-Conscious National Bond Fund - Institutional Class [Member] | |
Shareholder Report [Line Items] | |
Fund Name | Ambrus Tax-ConsciousNational Bond Fund |
Class Name | Institutional Class |
Trading Symbol | TCNBX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Ambrus Tax-Conscious National Bond Fund for the period of October 1, 2023 to September 30, 2024. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.ambrusfunds.com/ambrus-tax-conscious-national-bond-fund/ |
Additional Information Phone Number | (833) 996-2101 |
Additional Information Website | https://www.ambrusfunds.com/ambrus-tax-conscious-national-bond-fund/ |
Expenses [Text Block] | What were the Fund costs for the last year? (Based on a hypothetical $10,000 investment) Fund (Class) Costs of a $10,000 investment Costs paid as a percentage Ambrus Tax-Conscious National Bond Fund $ 0.50 % |
Expenses Paid, Amount | $ 52 |
Expense Ratio, Percent | 0.50% |
Factors Affecting Performance [Text Block] | Management's Discussion of Fund Performance Summary of Results Over the trailing one-year, the Ambrus Tax-Conscious National Bond Fund returned 8.45% versus its index (the Bloomberg Municipal Inter-Short (1-10 Year) Index) returning 7.18%, for outperformance of 1.27 Top Contributors to Performance The active management of du ratio Within the municipal bond portfolio, positive security selection benefited performance, as the municipal bonds owned in the Fund outperformed those owned in the benchmark Fund performance benefitted from positive asset allocation effects due to the overweight to treasury bonds, corporate bonds, and preferreds Fund performance also benefited from active management between asset classes, as the Fund was underweight municipal bonds and overweight corporate bonds from December 2023 to May 2024, followed by significantly increasing exposure to municipal bonds from May 2024 to September 2024 Top Detractors to Performance Within the municipal bond portfolio, the underweight to the tobacco muni sector detracted from Fund performance Within the municipal bond portfolio, security selection within the housing, pre-refunded, and hospital sectors slightly detracted from performance |
Performance Past Does Not Indicate Future [Text] | All returns represent past performance which is no guarantee of future results. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 Year Since inception Institutional Class 8.45 % 5.07 % * Bloomberg Municipal Bond Index** 10.37 % 6.30 % *** Bloomberg Municipal Inter-Short (1-10 Year) Index 7.18 % 4.56 % *** * The Ambrus Tax-Conscious National Bond Fund commenced operations on October 3, 2022. ** The Fund has designated the Bloomberg Municipal Bond Index as its new broad-based securities market index in accordance with the SEC’s revised definition for such an index. *** Benchmark performance is from the commencement date of the Fund Class only and is not the commencement date of the benchmark itself. |
Performance Inception Date | Oct. 03, 2022 |
No Deduction of Taxes [Text Block] | The above table and graph do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of shares. |
Updated Performance Information Location [Text Block] | Please visit https://www.ambrusfunds.com/ambrus-tax-conscious-national-bond-fund/ |
Net Assets | $ 297,254,797 |
Holdings Count | Holding | 283 |
Advisory Fees Paid, Amount | $ 874,944 |
Investment Company, Portfolio Turnover | 36% |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key Fund Fund net assets $ Total number of portfolio holdings 283 Total advisory fee paid, net $ Portfolio turnover rate as of the end of the reporting period 36 % |
Holdings [Text Block] | Portfolio Holdings Summary Table (as of September 30, 2024) The following table presents a summary by state of State Texas 9.5 % New York 6.4 % Illinois 5.9 % Florida 5.3 % Pennsylvania 4.1 % Ohio 3.6 % Washington 3.2 % Michigan 3.0 % District of Columbia 2.8 % Connecticut 2.6 % Tennessee 2.6 % Colorado 2.2 % California 2.2 % Missouri 2.2 % New Hampshire 2.0 % Other (each less than 1.7%) 24.5 % TOTAL 82.1 % |
Material Fund Change [Text Block] | Material Fund changes during the period There were no material changes to the Fund. |
Updated Prospectus Web Address | https://www.ambrusfunds.com/ambrus-tax-conscious-national-bond-fund/ |
Accountant Change Disagreements [Text Block] | Changes in and Disagreements with Accountants During the fiscal year ended September 30, 2024, there were no changes in and/or disagreements with Accountants. |