Shareholder Report | 12 Months Ended |
Jun. 30, 2024 USD ($) $ / shares |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | Managed Portfolio Series |
Entity Central Index Key | 0001511699 |
Entity Investment Company Type | N-1A |
Document Period End Date | Jun. 30, 2024 |
Adviser Class | |
Shareholder Report [Line Items] | |
Fund Name | Olstein All Cap Value Fund |
Class Name | Adviser Class |
Trading Symbol | OFAFX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Olstein All Cap Value Fund for the period of July 1, 2023, to June 30, 2024, as well as certain changes to the Fund. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.olsteinfunds.com/ resources/documents-forms . You can also request this information by contacting us at 1-800-799-2113 . |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-799-2113 |
Additional Information Website | https://www.olsteinfunds.com/resources/documents-forms |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Adviser Class $121 1.17% |
Expenses Paid, Amount | $ 121 |
Expense Ratio, Percent | 1.17% |
Factors Affecting Performance [Text Block] | How did the Class perform last year and what affected its performance? For the fiscal year ended June 30, 2024, the Class returned 6.48% and its benchmark Russell 3000Ⓡ Index returned 23.13%. During the fiscal year, a narrow range of high tech, high growth, high price-earnings ratio, and high momentum stocks (such as NVIDIA and Netflix) dominated the benchmark Russell 3000 Index’s returns and accounted for a material amount of the gain in the Russell 3000 Index and represents a material amount of the value of the Russell 3000 Index. Our philosophy practiced since the inception of the Fund focuses on valuing companies using an accounting-based forensic fundamentals analysis of financial statements to identify companies whose ability to generate future free cash flow is, in our opinion, not being properly valued by the marketplace. The Fund focuses on long-term value investing, so we remained underweight in the high-flying stocks in the Russell 3000 Index because they did not meet our value criteria. Therefore, the Fund trailed the Russell 3000 Index during the fiscal year. We are long-term investors and believe the price you pay for an investment is the biggest factor determining future returns. The flight by investors into the out-performing high-flying stocks responsible for a material amount of the Russell 3000 Index’s appreciation created an abundance of opportunities in companies that, in our opinion, were selling at material discounts to their intrinsic values. We remain focused on individual companies, their operations, and prospects for maintaining and growing sustainable free cash flow. We sought to take advantage of market volatility to seize upon the opportunities to purchase what we believe are solid companies (especially in the industrial and financial sectors) or to add to existing positions in companies selling at material discounts to our estimates of their intrinsic values. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Adviser Class (without sales charge) 6.48 7.80 7.28 Russell 3000 Total Return 23.13 14.14 12.15 Russell 3000 Value Total Return 12.93 8.89 8.10 |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit https://www.olsteinfunds.com/resources/ documents-forms for more recent performance information. Visit https://www.olsteinfunds.com/resources/documents-forms for more recent performance information. |
Net Assets | $ 531,880,961 |
Holdings Count | $ / shares | 79 |
Advisory Fees Paid, Amount | $ 5,572,937 |
Investment Company Portfolio Turnover | 27% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024) Net Assets $531,880,961 Number of Equity Holdings 79 Net Advisory Fee $5,572,937 Portfolio Turnover 27% |
Holdings [Text Block] | Security Type (% of Net Assets) Common Stocks 91.0% Cash & Other 9.0% Top 10 Issuers (% of Net Assets) Walt Disney Company 2.2% ABM Industries, Inc. 2.1% Sensata Technologies Holding PLC 1.8% United Parcel Service, Inc. 1.7% Quest Diagnostics Inc. 1.7% CVS Health Corporation 1.7% Baxter International, Inc. 1.7% Johnson & Johnson 1.7% SS&C Technologies Holdings, Inc. 1.7% Corteva, Inc. 1.6% |
Updated Prospectus Web Address | https://www.olsteinfunds.com/resources/documents-forms |
Class A | |
Shareholder Report [Line Items] | |
Fund Name | Olstein All Cap Value Fund |
Class Name | Class A |
Trading Symbol | OFAVX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Olstein All Cap Value Fund for the period of July 1, 2023, to June 30, 2024, as well as certain changes to the Fund. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.olsteinfunds.com/ resources/documents-forms . You can also request this information by contacting us at 1-800-799-2113 . |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-799-2113 |
Additional Information Website | https://www.olsteinfunds.com/resources/documents-forms |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $146 1.42% |
Expenses Paid, Amount | $ 146 |
Expense Ratio, Percent | 1.42% |
Factors Affecting Performance [Text Block] | How did the Class perform last year and what affected its performance? For the fiscal year ended June 30, 2024, the Class returned 6.23% (load-waived) and its benchmark Russell 3000Ⓡ Index returned 23.13%. During the fiscal year, a narrow range of high tech, high growth, high price-earnings ratio, and high momentum stocks (such as NVIDIA and Netflix) dominated the benchmark Russell 3000 Index’s returns and accounted for a material amount of the gain in the Russell 3000 Index and represents a material amount of the value of the Russell 3000 Index. Our philosophy practiced since the inception of the Fund focuses on valuing companies using an accounting-based forensic fundamentals analysis of financial statements to identify companies whose ability to generate future free cash flow is, in our opinion, not being properly valued by the marketplace. The Fund focuses on long-term value investing, so we remained underweight in the high-flying stocks in the Russell 3000 Index because they did not meet our value criteria. Therefore, the Fund trailed the Russell 3000 Index during the fiscal year. We are long-term investors and believe the price you pay for an investment is the biggest factor determining future returns. The flight by investors into the out-performing high-flying stocks responsible for a material amount of the Russell 3000 Index’s appreciation created an abundance of opportunities in companies that, in our opinion, were selling at material discounts to their intrinsic values. We remain focused on individual companies, their operations, and prospects for maintaining and growing sustainable free cash flow. We sought to take advantage of market volatility to seize upon the opportunities to purchase what we believe are solid companies (especially in the industrial and financial sectors) or to add to existing positions in companies selling at material discounts to our estimates of their intrinsic values. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year Since Inception (09/17/ 2018) Class A (without sales charge) 6.23 7.53 6.48 Class A (with sales charge) 0.38 6.32 5.45 Russell 3000 Total Return 23.13 14.14 12.59 Russell 3000 Value Total Return 12.93 8.89 7.95 |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit https://www.olsteinfunds.com/resources/ documents-forms for more recent performance information. Visit https://www.olsteinfunds.com/resources/documents-forms for more recent performance information. |
Net Assets | $ 531,880,961 |
Holdings Count | $ / shares | 79 |
Advisory Fees Paid, Amount | $ 5,572,937 |
Investment Company Portfolio Turnover | 27% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024) Net Assets $531,880,961 Number of Equity Holdings 79 Net Advisory Fee $5,572,937 Portfolio Turnover 27% |
Holdings [Text Block] | Security Type (% of Net Assets) Common Stocks 91.0% Cash & Other 9.0% Top 10 Issuers (% of Net Assets) Walt Disney Company 2.2% ABM Industries, Inc. 2.1% Sensata Technologies Holding PLC 1.8% United Parcel Service, Inc. 1.7% Quest Diagnostics Inc. 1.7% CVS Health Corporation 1.7% Baxter International, Inc. 1.7% Johnson & Johnson 1.7% SS&C Technologies Holdings, Inc. 1.7% Corteva, Inc. 1.6% |
Updated Prospectus Web Address | https://www.olsteinfunds.com/resources/documents-forms |
Class C | |
Shareholder Report [Line Items] | |
Fund Name | Olstein All Cap Value Fund |
Class Name | Class C |
Trading Symbol | OFALX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Olstein All Cap Value Fund for the period of July 1, 2023, to June 30, 2024, as well as certain changes to the Fund. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.olsteinfunds.com/ resources/documents-forms . You can also request this information by contacting us at 1-800-799-2113 . |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-799-2113 |
Additional Information Website | https://www.olsteinfunds.com/resources/documents-forms |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class C $223 2.17% |
Expenses Paid, Amount | $ 223 |
Expense Ratio, Percent | 2.17% |
Factors Affecting Performance [Text Block] | How did the Class perform last year and what affected its performance? For the fiscal year ended June 30, 2024, the Class returned 5.43% (load-waived) and its benchmark Russell 3000Ⓡ Index returned 23.13%. During the fiscal year, a narrow range of high tech, high growth, high price-earnings ratio, and high momentum stocks (such as NVIDIA and Netflix) dominated the benchmark Russell 3000 Index’s returns and accounted for a material amount of the gain in the Russell 3000 Index and represents a material amount of the value of the Russell 3000 Index. Our philosophy practiced since the inception of the Fund focuses on valuing companies using an accounting-based forensic fundamentals analysis of financial statements to identify companies whose ability to generate future free cash flow is, in our opinion, not being properly valued by the marketplace. The Fund focuses on long-term value investing, so we remained underweight in the high-flying stocks in the Russell 3000 Index because they did not meet our value criteria. Therefore, the Fund trailed the Russell 3000 Index during the fiscal year. We are long-term investors and believe the price you pay for an investment is the biggest factor determining future returns. The flight by investors into the out-performing high-flying stocks responsible for a material amount of the Russell 3000 Index’s appreciation created an abundance of opportunities in companies that, in our opinion, were selling at material discounts to their intrinsic values. We remain focused on individual companies, their operations, and prospects for maintaining and growing sustainable free cash flow. We sought to take advantage of market volatility to seize upon the opportunities to purchase what we believe are solid companies (especially in the industrial and financial sectors) or to add to existing positions in companies selling at material discounts to our estimates of their intrinsic values. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Class C (without sales charge) 5.43 6.71 6.21 Class C (with sales charge) 4.43 6.71 6.21 Russell 3000 Total Return 23.13 14.14 12.15 Russell 3000 Value Total Return 12.93 8.89 8.10 |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit https://www.olsteinfunds.com/resources/ documents-forms for more recent performance information. Visit https://www.olsteinfunds.com/resources/documents-forms for more recent performance information. |
Net Assets | $ 531,880,961 |
Holdings Count | $ / shares | 79 |
Advisory Fees Paid, Amount | $ 5,572,937 |
Investment Company Portfolio Turnover | 27% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024) Net Assets $531,880,961 Number of Equity Holdings 79 Net Advisory Fee $5,572,937 Portfolio Turnover 27% |
Holdings [Text Block] | Security Type (% of Net Assets) Common Stocks 91.0% Cash & Other 9.0% Top 10 Issuers (% of Net Assets) Walt Disney Company 2.2% ABM Industries, Inc. 2.1% Sensata Technologies Holding PLC 1.8% United Parcel Service, Inc. 1.7% Quest Diagnostics Inc. 1.7% CVS Health Corporation 1.7% Baxter International, Inc. 1.7% Johnson & Johnson 1.7% SS&C Technologies Holdings, Inc. 1.7% Corteva, Inc. 1.6% |
Updated Prospectus Web Address | https://www.olsteinfunds.com/resources/documents-forms |
Adviser Class | |
Shareholder Report [Line Items] | |
Fund Name | Olstein Strategic Opportunities Fund |
Class Name | Adviser Class |
Trading Symbol | OFSFX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Olstein Strategic Opportunities Fund for the period of July 1, 2023, to June 30, 2024, as well as certain changes to the Fund. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www. olsteinfunds.com/resources/documents-forms . You can also request this information by contacting us at 1-800-799-2113 . |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-799-2113 |
Additional Information Website | https://www.olsteinfunds.com/resources/documents-forms |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Adviser Class $138 1.35% |
Expenses Paid, Amount | $ 138 |
Expense Ratio, Percent | 1.35% |
Factors Affecting Performance [Text Block] | How did the Class perform last year and what affected its performance? For the fiscal year ended June 30, 2024, the Class returned 3.85% and its benchmark Russell 3000Ⓡ Index returned 23.13%. During the fiscal year, a narrow range of high tech, high growth, high price-earnings ratio, and high momentum stocks (such as NVIDIA and Netflix) dominated the benchmark Russell 3000 Index’s returns and accounted for a material amount of the gain in the Russell 3000 Index and represents a material amount of the value of the Russell 3000 Index. Our philosophy practiced since the inception of the Fund focuses on valuing companies using an accounting-based forensic fundamentals analysis of financial statements to identify companies whose ability to generate future free cash flow is, in our opinion, not being properly valued by the marketplace. The Fund focuses on long-term value investing, so we remained underweight in the high-flying stocks in the Russell 3000 Index because they did not meet our value criteria. Therefore, the Fund trailed the Russell 3000 Index during the fiscal year. We are long-term investors and believe the price you pay for an investment is the biggest factor determining future returns. The flight by investors into the out-performing high-flying stocks responsible for a material amount of the Russell 3000 Index’s appreciation created an abundance of opportunities in companies that, in our opinion, were selling at material discounts to their intrinsic values. We remain focused on individual companies, their operations, and prospects for maintaining and growing sustainable free cash flow. We sought to take advantage of market volatility to seize upon the opportunities to purchase what we believe are solid companies (especially in the industrial and consumer discretionary sectors) or to add to existing positions in companies selling at material discounts to our estimates of their intrinsic values. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year Since Inception (05/11/ 2015) Adviser Class (without sales charge) 3.85 7.15 4.39 Russell 3000 Total Return 23.13 14.14 12.33 Russell 2500 Value Total Return 11.24 8.01 7.24 |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit https://www.olsteinfunds.com/resources/ documents-forms for more recent performance information. Visit https://www.olsteinfunds.com/resources/documents-forms for more recent performance information. |
Net Assets | $ 81,425,688 |
Holdings Count | $ / shares | 37 |
Advisory Fees Paid, Amount | $ 694,045 |
Investment Company Portfolio Turnover | 32% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024) Net Assets $81,425,688 Number of Equity Holdings 37 Net Advisory Fee $694,045 Portfolio Turnover 32% |
Holdings [Text Block] | Security Type (% of Net Assets) Common Stocks 96.1% Cash & Other 3.9% Top 10 Equity Issuers (% of Net Assets) Prestige Consumer Healthcare, Inc. 4.1% Shyft Group, Inc. 4.1% Sensata Technologies Holding PLC 4.1% Integra LifeSciences Holdings Corporation 4.0% ABM Industries, Inc. 4.0% Gates Industrial Corporation PLC 3.9% Dine Brands Global, Inc. 3.7% Central Garden & Pet Company - Class A 3.2% Mohawk Industries, Inc. 3.2% Citizens Financial Group, Inc. 3.2% |
Updated Prospectus Web Address | https://www.olsteinfunds.com/resources/documents-forms |
Class A | |
Shareholder Report [Line Items] | |
Fund Name | Olstein Strategic Opportunities Fund |
Class Name | Class A |
Trading Symbol | OFSAX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Olstein Strategic Opportunities Fund for the period of July 1, 2023, to June 30, 2024, as well as certain changes to the Fund. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www. olsteinfunds.com/resources/documents-forms . You can also request this information by contacting us at 1-800-799-2113 . |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-799-2113 |
Additional Information Website | https://www.olsteinfunds.com/resources/documents-forms |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $163 1.60% |
Expenses Paid, Amount | $ 163 |
Expense Ratio, Percent | 1.60% |
Factors Affecting Performance [Text Block] | How did the Class perform last year and what affected its performance? For the fiscal year ended June 30, 2024, the Class returned 3.58% (load-waived) and its benchmark Russell 3000Ⓡ Index returned 23.13%. During the fiscal year, a narrow range of high tech, high growth, high price-earnings ratio, and high momentum stocks (such as NVIDIA and Netflix) dominated the benchmark Russell 3000 Index’s returns and accounted for a material amount of the gain in the Russell 3000 Index and represents a material amount of the value of the Russell 3000 Index. Our philosophy practiced since the inception of the Fund focuses on valuing companies using an accounting-based forensic fundamentals analysis of financial statements to identify companies whose ability to generate future free cash flow is, in our opinion, not being properly valued by the marketplace. The Fund focuses on long-term value investing, so we remained underweight in the high-flying stocks in the Russell 3000 Index because they did not meet our value criteria. Therefore, the Fund trailed the Russell 3000 Index during the fiscal year. We are long-term investors and believe the price you pay for an investment is the biggest factor determining future returns. The flight by investors into the out-performing high-flying stocks responsible for a material amount of the Russell 3000 Index’s appreciation created an abundance of opportunities in companies that, in our opinion, were selling at material discounts to their intrinsic values. We remain focused on individual companies, their operations, and prospects for maintaining and growing sustainable free cash flow. We sought to take advantage of market volatility to seize upon the opportunities to purchase what we believe are solid companies (especially in the industrial and consumer discretionary sectors) or to add to existing positions in companies selling at material discounts to our estimates of their intrinsic values. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Class A (without sales charge) 3.58 6.88 4.93 Class A (with sales charge) -2.10 5.68 4.34 Russell 3000 Total Return 23.13 14.14 12.15 Russell 2500 Value Total Return 11.24 8.01 6.77 |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit https://www.olsteinfunds.com/resources/ documents-forms for more recent performance information. Visit https://www.olsteinfunds.com/resources/documents-forms for more recent performance information. |
Net Assets | $ 81,425,688 |
Holdings Count | $ / shares | 37 |
Advisory Fees Paid, Amount | $ 694,045 |
Investment Company Portfolio Turnover | 32% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024) Net Assets $81,425,688 Number of Equity Holdings 37 Net Advisory Fee $694,045 Portfolio Turnover 32% |
Holdings [Text Block] | Security Type (% of Net Assets) Common Stocks 96.1% Cash & Other 3.9% Top 10 Equity Issuers (% of Net Assets) Prestige Consumer Healthcare, Inc. 4.1% Shyft Group, Inc. 4.1% Sensata Technologies Holding PLC 4.1% Integra LifeSciences Holdings Corporation 4.0% ABM Industries, Inc. 4.0% Gates Industrial Corporation PLC 3.9% Dine Brands Global, Inc. 3.7% Central Garden & Pet Company - Class A 3.2% Mohawk Industries, Inc. 3.2% Citizens Financial Group, Inc. 3.2% |
Updated Prospectus Web Address | https://www.olsteinfunds.com/resources/documents-forms |
Class C | |
Shareholder Report [Line Items] | |
Fund Name | Olstein Strategic Opportunities Fund |
Class Name | Class C |
Trading Symbol | OFSCX |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the Olstein Strategic Opportunities Fund for the period of July 1, 2023, to June 30, 2024, as well as certain changes to the Fund. |
Shareholder Report Annual or Semi-Annual | annual shareholder report |
Additional Information [Text Block] | You can find additional information about the Fund at https://www. olsteinfunds.com/resources/documents-forms . You can also request this information by contacting us at 1-800-799-2113 . |
Material Fund Change Notice [Text Block] | This report describes changes to the Fund that occurred during the reporting period. |
Additional Information Phone Number | 1-800-799-2113 |
Additional Information Website | https://www.olsteinfunds.com/resources/documents-forms |
Expenses [Text Block] | What were the Fund costs for the past year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class C $238 2.35% |
Expenses Paid, Amount | $ 238 |
Expense Ratio, Percent | 2.35% |
Factors Affecting Performance [Text Block] | How did the Class perform last year and what affected its performance? For the fiscal year ended June 30, 2024, the Class returned 2.77% (load-waived) and its benchmark Russell 3000Ⓡ Index returned 23.13%. During the fiscal year, a narrow range of high tech, high growth, high price-earnings ratio, and high momentum stocks (such as NVIDIA and Netflix) dominated the benchmark Russell 3000 Index’s returns and accounted for a material amount of the gain in the Russell 3000 Index and represents a material amount of the value of the Russell 3000 Index. Our philosophy practiced since the inception of the Fund focuses on valuing companies using an accounting-based forensic fundamentals analysis of financial statements to identify companies whose ability to generate future free cash flow is, in our opinion, not being properly valued by the marketplace. The Fund focuses on long-term value investing, so we remained underweight in the high-flying stocks in the Russell 3000 Index because they did not meet our value criteria. Therefore, the Fund trailed the Russell 3000 Index during the fiscal year. We are long-term investors and believe the price you pay for an investment is the biggest factor determining future returns. The flight by investors into the out-performing high-flying stocks responsible for a material amount of the Russell 3000 Index’s appreciation created an abundance of opportunities in companies that, in our opinion, were selling at material discounts to their intrinsic values. We remain focused on individual companies, their operations, and prospects for maintaining and growing sustainable free cash flow. We sought to take advantage of market volatility to seize upon the opportunities to purchase what we believe are solid companies (especially in the industrial and consumer discretionary sectors) or to add to existing positions in companies selling at material discounts to our estimates of their intrinsic values. |
Performance Past Does Not Indicate Future [Text] | The Fund’s past performance is not a good predictor of the Fund’s future performance. |
Line Graph [Table Text Block] | |
Average Annual Return [Table Text Block] | ANNUAL AVERAGE TOTAL RETURN (%) 1 Year 5 Year 10 Year Class C (without sales charge) 2.77 6.08 4.15 Class C (with sales charge) 1.77 6.08 4.15 Russell 3000 Total Return 23.13 14.14 12.15 Russell 2500 Value Total Return 11.24 8.01 6.77 |
No Deduction of Taxes [Text Block] | The returns do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. |
Updated Performance Information Location [Text Block] | Visit https://www.olsteinfunds.com/resources/ documents-forms for more recent performance information. Visit https://www.olsteinfunds.com/resources/documents-forms for more recent performance information. |
Net Assets | $ 81,425,688 |
Holdings Count | $ / shares | 37 |
Advisory Fees Paid, Amount | $ 694,045 |
Investment Company Portfolio Turnover | 32% |
Additional Fund Statistics [Text Block] | Key Fund Statistics (as of June 30, 2024) Net Assets $81,425,688 Number of Equity Holdings 37 Net Advisory Fee $694,045 Portfolio Turnover 32% |
Holdings [Text Block] | Security Type (% of Net Assets) Common Stocks 96.1% Cash & Other 3.9% Top 10 Equity Issuers (% of Net Assets) Prestige Consumer Healthcare, Inc. 4.1% Shyft Group, Inc. 4.1% Sensata Technologies Holding PLC 4.1% Integra LifeSciences Holdings Corporation 4.0% ABM Industries, Inc. 4.0% Gates Industrial Corporation PLC 3.9% Dine Brands Global, Inc. 3.7% Central Garden & Pet Company - Class A 3.2% Mohawk Industries, Inc. 3.2% Citizens Financial Group, Inc. 3.2% |
Updated Prospectus Web Address | https://www.olsteinfunds.com/resources/documents-forms |