Shareholder Report | | | | 12 Months Ended | 48 Months Ended | 82 Months Ended | 108 Months Ended |
Aug. 05, 2020 | Oct. 11, 2017 | Aug. 14, 2015 | Jul. 31, 2024 USD ($) Holding | Jul. 31, 2024 USD ($) Holding | Jul. 31, 2024 USD ($) Holding | Jul. 31, 2024 USD ($) Holding |
Shareholder Report [Line Items] | | | | | | | |
Document Type | | | | N-CSR | | | |
Amendment Flag | | | | false | | | |
Registrant Name | | | | FORUM FUNDS II | | | |
Entity Central Index Key | | | | 0001576367 | | | |
Entity Investment Company Type | | | | N-1A | | | |
Document Period End Date | | | | Jul. 31, 2024 | | | |
C000158764 | | | | | | | |
Shareholder Report [Line Items] | | | | | | | |
Fund Name | | | | ABR Dynamic Blend Equity & Volatility Fund | | | |
Class Name | | | | Institutional | | | |
Trading Symbol | | | | ABRVX | | | |
Annual or Semi-Annual Statement [Text Block] | | | | This annual shareholder report contains important information about the ABR Dynamic Blend Equity & Volatility Fund for the period of August 1, 2023, to July 31, 2024. | | | |
Shareholder Report Annual or Semi-Annual | | | | Annual Shareholder Report | | | |
Additional Information [Text Block] | | | | This annual shareholder report contains important information about the ABR Dynamic Blend Equity & Volatility Fund for the period of August 1, 2023, to July 31, 2024. You can find additional information about the Fund at www.abrdynamicfunds.com/fund-documents/. You can also request this information by contacting us at (855) 422-4518. | | | |
Additional Information Phone Number | | | | (855) 422-4518 | | | |
Additional Information Website | | | | www.abrdynamicfunds.com/fund-documents/ | | | |
Expenses [Text Block] | | | | What were the Fund's costs for the last 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 Institutional Class $207 2.00% | | | |
Expenses Paid, Amount | | | | $ 207 | | | |
Expense Ratio, Percent | | | | 2% | | | |
Factors Affecting Performance [Text Block] | | | | How did the Fund perform in the last year? During the Fund’s fiscal year that ended July 31, 2024, the S&P 500 increased 22.15% while volatility dropped 48.33% (measured by the SPVIXSTR Index, an index that measures the result of long exposure to VIX Index futures). For the year, the Fund gained 7.01%. There were several interruptions in the trend toward higher equity prices during the year, notably around October and November of 2023 and again in April and July of 2024. In response to these initial moves lower in equities, which were accompanied by jumps in volatility, the Fund’s volatility trend-following model utilized a modestly larger allocation to volatility, in preparation for the possibility of a large upward trend. However, markets quickly turned around – lower in volatility and higher in equities – without ever realizing a large trend higher in volatility. Turning points are generally unfavorable market conditions for a trend-following model, as the model prepared to capture possible large uptrends in volatility assets that did not materialize. The model did, however, shift its allocations back out of the modestly higher exposure to volatility assets rather quickly. The Fund enjoyed gains for the year, preserving positive performance during what was generally a bull market with low volatility. | | | |
Performance Past Does Not Indicate Future [Text] | | | | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | | | |
Line Graph [Table Text Block] | | | | Date Institutional Class S&P 500 ® 8/3/15 $10,000 $10,000 10/31/15 $10,100 $9,965 1/31/16 $9,311 $9,349 4/30/16 $9,744 $10,008 7/31/16 $9,744 $10,591 10/31/16 $9,432 $10,414 1/31/17 $9,940 $11,222 4/30/17 $10,175 $11,801 7/31/17 $10,328 $12,290 10/31/17 $10,461 $12,875 1/31/18 $11,391 $14,186 4/30/18 $10,980 $13,367 7/31/18 $11,201 $14,285 10/31/18 $11,149 $13,821 1/31/19 $10,444 $13,857 4/30/19 $11,167 $15,170 7/31/19 $11,167 $15,426 10/31/19 $10,773 $15,801 1/31/20 $11,368 $16,862 4/30/20 $15,849 $15,301 7/31/20 $16,964 $17,271 10/31/20 $16,136 $17,335 1/31/21 $16,814 $19,771 4/30/21 $18,056 $22,337 7/31/21 $18,525 $23,565 10/31/21 $18,911 $24,774 1/31/22 $18,962 $24,375 4/30/22 $17,166 $22,385 7/31/22 $15,759 $22,472 10/31/22 $15,071 $21,155 1/31/23 $14,951 $22,373 4/30/23 $14,846 $22,981 7/31/23 $15,804 $25,397 10/31/23 $14,083 $23,300 1/31/24 $15,699 $27,030 4/30/24 $15,849 $28,189 7/31/24 $16,912 $31,022 | | | |
Average Annual Return [Table Text Block] | | | | One Year Five Year Since Inception 08/3/15 Institutional Class 7.01% 8.66% 6.02% S&P 500 ® 22.15% 15.00% 13.41% | | | |
Performance Inception Date | | | | | | | Aug. 03, 2015 |
No Deduction of Taxes [Text Block] | | | | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | | | |
Performance Table Market Index Changed [Text Block] | | | | The Fund does not seek to replicate the performance of any specific index. The index included in this report is not necessarily representative of the Fund’s investment strategy or objectives. The Fund’s investment decisions are based on its unique investment approach and goals, which may differ significantly from those of the index. | | | |
Updated Performance Information Location [Text Block] | | | | | | | |
AssetsNet | | | | $ 98,414,951 | $ 98,414,951 | $ 98,414,951 | $ 98,414,951 |
Holdings Count | Holding | | | | 0 | 0 | 0 | 0 |
Advisory Fees Paid, Amount | | | | $ 1,557,386 | | | |
InvestmentCompanyPortfolioTurnover | | | | 0% | | | |
Additional Fund Statistics [Text Block] | | | | Fund Statistics Total Net Assets $98,414,951 # of Portfolio Holdings - Portfolio Turnover Rate 0% Investment Advisory Fees (Net of fees waived) $1,557,386 | | | |
Holdings [Text Block] | | | | Asset Class Weightings (% total net investments) Value Value Other Assets & Liabilities, Net 100.0% | | | |
C000158765 | | | | | | | |
Shareholder Report [Line Items] | | | | | | | |
Fund Name | | | | ABR Dynamic Blend Equity & Volatility Fund | | | |
Class Name | | | | Investor | | | |
Trading Symbol | | | | ABRTX | | | |
Annual or Semi-Annual Statement [Text Block] | | | | This annual shareholder report contains important information about the ABR Dynamic Blend Equity & Volatility Fund for the period of August 1, 2023, to July 31, 2024. | | | |
Shareholder Report Annual or Semi-Annual | | | | Annual Shareholder Report | | | |
Additional Information [Text Block] | | | | This annual shareholder report contains important information about the ABR Dynamic Blend Equity & Volatility Fund for the period of August 1, 2023, to July 31, 2024. You can find additional information about the Fund at www.abrdynamicfunds.com/fund-documents/. You can also request this information by contacting us at (855) 422-4518. | | | |
Additional Information Phone Number | | | | (855) 422-4518 | | | |
Additional Information Website | | | | www.abrdynamicfunds.com/fund-documents/ | | | |
Expenses [Text Block] | | | | What were the Fund's costs for the last 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 Investor Class $233 2.25% | | | |
Expenses Paid, Amount | | | | $ 233 | | | |
Expense Ratio, Percent | | | | 2.25% | | | |
Factors Affecting Performance [Text Block] | | | | How did the Fund perform in the last year? During the Fund’s fiscal year that ended July 31, 2024, the S&P 500 increased 22.15% while volatility dropped 48.33% (measured by the SPVIXSTR Index, an index that measures the result of long exposure to VIX Index futures). For the year, the Fund gained 6.84%. There were several interruptions in the trend toward higher equity prices during the year, notably around October and November of 2023 and again in April and July of 2024. In response to these initial moves lower in equities, which were accompanied by jumps in volatility, the Fund’s volatility trend-following model utilized a modestly larger allocation to volatility, in preparation for the possibility of a large upward trend. However, markets quickly turned around – lower in volatility and higher in equities – without ever realizing a large trend higher in volatility. Turning points are generally unfavorable market conditions for a trend-following model, as the model prepared to capture possible large uptrends in volatility assets that did not materialize. The model did, however, shift its allocations back out of the modestly higher exposure to volatility assets rather quickly. The Fund enjoyed gains for the year, preserving positive performance during what was generally a bull market with low volatility. | | | |
Performance Past Does Not Indicate Future [Text] | | | | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | | | |
Line Graph [Table Text Block] | | | | Date Investor Class Footnote Reference S&P 500 ® 8/3/15 $10,000 $10,000 10/31/15 $10,100 $9,965 1/31/16 $9,298 $9,349 4/30/16 $9,731 $10,008 7/31/16 $9,721 $10,591 10/31/16 $9,398 $10,414 1/31/17 $9,896 $11,222 4/30/17 $10,131 $11,801 7/31/17 $10,284 $12,290 10/31/17 $10,406 $12,875 1/31/18 $11,316 $14,186 4/30/18 $10,863 $13,367 7/31/18 $11,073 $14,285 10/31/18 $11,010 $13,821 1/31/19 $10,305 $13,857 4/30/19 $11,017 $15,170 7/31/19 $11,006 $15,426 10/31/19 $10,623 $15,801 1/31/20 $11,197 $16,862 4/30/20 $15,602 $15,301 7/31/20 $16,685 $17,271 10/31/20 $15,867 $17,335 1/31/21 $16,522 $19,771 4/30/21 $17,727 $22,337 7/31/21 $18,171 $23,565 10/31/21 $18,545 $24,774 1/31/22 $18,582 $24,375 4/30/22 $16,804 $22,385 7/31/22 $15,417 $22,472 10/31/22 $14,739 $21,155 1/31/23 $14,603 $22,373 4/30/23 $14,498 $22,981 7/31/23 $15,417 $25,397 10/31/23 $13,729 $23,300 1/31/24 $15,312 $27,030 4/30/24 $15,447 $28,189 7/31/24 $16,472 $31,022 | | | |
Average Annual Return [Table Text Block] | | | | One Year Five Year Since Inception 08/3/15 Investor Class Footnote Reference 6.84% 8.40% 5.71% S&P 500 ® 22.15% 15.00% 13.41% | | | |
Performance Inception Date | | | Aug. 14, 2015 | | | | Aug. 03, 2015 |
No Deduction of Taxes [Text Block] | | | | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | | | |
Performance Table Market Index Changed [Text Block] | | | | The Fund does not seek to replicate the performance of any specific index. The index included in this report is not necessarily representative of the Fund’s investment strategy or objectives. The Fund’s investment decisions are based on its unique investment approach and goals, which may differ significantly from those of the index. | | | |
Updated Performance Information Location [Text Block] | | | | | | | |
AssetsNet | | | | $ 98,414,951 | $ 98,414,951 | $ 98,414,951 | $ 98,414,951 |
Holdings Count | Holding | | | | 0 | 0 | 0 | 0 |
Advisory Fees Paid, Amount | | | | $ 1,557,386 | | | |
InvestmentCompanyPortfolioTurnover | | | | 0% | | | |
Additional Fund Statistics [Text Block] | | | | Fund Statistics Total Net Assets $98,414,951 # of Portfolio Holdings - Portfolio Turnover Rate 0% Investment Advisory Fees (Net of fees waived) $1,557,386 | | | |
Holdings [Text Block] | | | | Asset Class Weightings (% total net investments) Value Value Other Assets & Liabilities, Net 100.0% | | | |
C000193875 | | | | | | | |
Shareholder Report [Line Items] | | | | | | | |
Fund Name | | | | ABR 50/50 Volatility Fund | | | |
Class Name | | | | Institutional | | | |
Trading Symbol | | | | ABRSX | | | |
Annual or Semi-Annual Statement [Text Block] | | | | This annual shareholder report contains important information about the ABR 50/50 Volatility Fund for the period of August 1, 2023, to July 31, 2024. | | | |
Shareholder Report Annual or Semi-Annual | | | | Annual Shareholder Report | | | |
Additional Information [Text Block] | | | | This annual shareholder report contains important information about the ABR 50/50 Volatility Fund for the period of August 1, 2023, to July 31, 2024. You can find additional information about the Fund at www.abrdynamicfunds.com/fund-documents/. You can also request this information by contacting us at (855) 422-4518. | | | |
Additional Information Phone Number | | | | (855) 422-4518 | | | |
Additional Information Website | | | | www.abrdynamicfunds.com/fund-documents/ | | | |
Expenses [Text Block] | | | | What were the Fund's costs for the last 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 Institutional Class $269 2.50% | | | |
Expenses Paid, Amount | | | | $ 269 | | | |
Expense Ratio, Percent | | | | 2.50% | | | |
Factors Affecting Performance [Text Block] | | | | How did the Fund perform in the last year? During the Fund’s fiscal year that ended July 31, 2024, the S&P 500 increased 22.15% while volatility dropped 48.33% (measured by the SPVIXSTR Index, an index that measures the result of long exposure to VIX Index futures), and long-dated US Treasuries were down 1.41% (measured by the LT11TRUU Index, an index which measures the result of exposure to 20+ year US Treasuries). For the year, the Fund gained 14.74%. There were several interruptions in the trend toward higher equity prices during the year, notably around October and November of 2023 and again in April and July of 2024. In response to these initial moves lower in equities, which were accompanied by jumps in volatility, the trend-following aspects of the Fund’s models utilized a modestly larger long allocation to volatility, in preparation for the possibility of a large upward trend. However, markets quickly turned around – lower in volatility and higher in equities – without ever realizing a large trend higher in volatility. Turning points are generally unfavorable market conditions for a trend-following model, as the model prepared for possible large uptrends in volatility assets that did not materialize. The model did, however, shift its allocations back out of the modestly higher long exposure to volatility assets rather quickly. Furthermore, the mean reversion aspects of the Adviser’s short volatility model mitigated some of the effect of these turning points and contributed to increased Fund returns, as compared to a portfolio managed entirely according to the long volatility model. As a result, the Fund enjoyed gains for the year, delivering on the objective of long-term capital appreciation. | | | |
Performance Past Does Not Indicate Future [Text] | | | | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | | | |
Line Graph [Table Text Block] | | | | Date Institutional Class S&P 500 ® FTSE 3-Month U.S. T-Bill Index 10/2/17 $10,000 $10,000 $10,000 10/31/17 $10,190 $10,194 $10,008 1/31/18 $10,239 $11,232 $10,038 4/30/18 $7,412 $10,583 $10,076 7/31/18 $7,876 $11,310 $10,123 10/31/18 $6,856 $10,943 $10,175 1/31/19 $6,735 $10,972 $10,235 4/30/19 $7,611 $12,011 $10,296 7/31/19 $8,621 $12,214 $10,359 10/31/19 $9,867 $12,510 $10,414 1/31/20 $10,243 $13,351 $10,458 4/30/20 $8,980 $12,115 $10,493 7/31/20 $8,769 $13,674 $10,500 10/31/20 $7,828 $13,725 $10,503 1/31/21 $9,389 $15,653 $10,506 4/30/21 $12,089 $17,686 $10,507 7/31/21 $13,203 $18,658 $10,508 10/31/21 $14,566 $19,615 $10,509 1/31/22 $13,337 $19,299 $10,510 4/30/22 $10,376 $17,723 $10,516 7/31/22 $9,984 $17,792 $10,539 10/31/22 $9,258 $16,749 $10,601 1/31/23 $11,288 $17,714 $10,707 4/30/23 $11,735 $18,195 $10,830 7/31/23 $12,890 $20,108 $10,972 10/31/23 $11,549 $18,448 $11,125 1/31/24 $13,636 $21,401 $11,281 4/30/24 $13,654 $22,319 $11,434 7/31/24 $14,790 $24,561 $11,592 | | | |
Average Annual Return [Table Text Block] | | | | One Year Five Year Since Inception 10/2/17 Institutional Class 14.74% 11.40% 5.90% S&P 500 ® 22.15% 15.00% 14.07% FTSE 3-Month U.S. T-Bill Index 5.65% 2.28% 2.19% | | | |
Performance Inception Date | | | | | | Oct. 02, 2017 | |
No Deduction of Taxes [Text Block] | | | | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | | | |
Performance Table Market Index Changed [Text Block] | | | | Effective July 30, 2024, the Fund changed its primary benchmark index from the FTSE 3-Month U.S. T-Bill Index to the S&P 500 ® | | | |
Prior Market Index Comparison [Text Block] | | | | The Fund retained the FTSE 3-Month U.S. T-Bill Index as a secondary benchmark | | | |
Updated Performance Information Location [Text Block] | | | | | | | |
AssetsNet | | | | $ 59,102,708 | $ 59,102,708 | $ 59,102,708 | $ 59,102,708 |
Holdings Count | Holding | | | | 6 | 6 | 6 | 6 |
Advisory Fees Paid, Amount | | | | $ 1,110,818 | | | |
InvestmentCompanyPortfolioTurnover | | | | 593% | | | |
Additional Fund Statistics [Text Block] | | | | Fund Statistics Total Net Assets $59,102,708 # of Portfolio Holdings 6 Portfolio Turnover Rate 593% Investment Advisory Fees (Net of fees waived) $1,110,818 | | | |
Holdings [Text Block] | | | | Asset Class Weightings (% total net investments) Value Value U.S. Treasury Securities 31.4% Other Assets & Liabilities, Net 68.6% | | | |
C000193876 | | | | | | | |
Shareholder Report [Line Items] | | | | | | | |
Fund Name | | | | ABR 50/50 Volatility Fund | | | |
Class Name | | | | Investor | | | |
Trading Symbol | | | | ABRJX | | | |
Annual or Semi-Annual Statement [Text Block] | | | | This annual shareholder report contains important information about the ABR 50/50 Volatility Fund for the period of August 1, 2023, to July 31, 2024. | | | |
Shareholder Report Annual or Semi-Annual | | | | Annual Shareholder Report | | | |
Additional Information [Text Block] | | | | This annual shareholder report contains important information about the ABR 50/50 Volatility Fund for the period of August 1, 2023, to July 31, 2024. You can find additional information about the Fund at www.abrdynamicfunds.com/fund-documents/. You can also request this information by contacting us at (855) 422-4518. | | | |
Additional Information Phone Number | | | | (855) 422-4518 | | | |
Additional Information Website | | | | www.abrdynamicfunds.com/fund-documents/ | | | |
Expenses [Text Block] | | | | What were the Fund's costs for the last 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 Investor Class $295 2.75% | | | |
Expenses Paid, Amount | | | | $ 295 | | | |
Expense Ratio, Percent | | | | 2.75% | | | |
Factors Affecting Performance [Text Block] | | | | How did the Fund perform in the last year? During the Fund’s fiscal year that ended July 31, 2024, the S&P 500 increased 22.15% while volatility dropped 48.33% (measured by the SPVIXSTR Index, an index that measures the result of long exposure to VIX Index futures), and long-dated US Treasuries were down 1.41% (measured by the LT11TRUU Index, an index which measures the result of exposure to 20+ year US Treasuries). For the year, the Fund gained 14.45%. There were several interruptions in the trend toward higher equity prices during the year, notably around October and November of 2023 and again in April and July of 2024. In response to these initial moves lower in equities, which were accompanied by jumps in volatility, the trend-following aspects of the Fund’s models utilized a modestly larger long allocation to volatility, in preparation for the possibility of a large upward trend. However, markets quickly turned around – lower in volatility and higher in equities – without ever realizing a large trend higher in volatility. Turning points are generally unfavorable market conditions for a trend-following model, as the model prepared for possible large uptrends in volatility assets that did not materialize. The model did, however, shift its allocations back out of the modestly higher long exposure to volatility assets rather quickly. Furthermore, the mean reversion aspects of the Adviser’s short volatility model mitigated some of the effect of these turning points and contributed to increased Fund returns, as compared to a portfolio managed entirely according to the long volatility model. As a result, the Fund enjoyed gains for the year, delivering on the objective of long-term capital appreciation. | | | |
Performance Past Does Not Indicate Future [Text] | | | | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | | | |
Line Graph [Table Text Block] | | | | Date Investor Class Footnote Reference S&P 500 ® FTSE 3-Month U.S. T-Bill Index 10/2/17 $10,000 $10,000 $10,000 10/31/17 $10,190 $10,194 $10,008 1/31/18 $10,229 $11,232 $10,038 4/30/18 $7,402 $10,583 $10,076 7/31/18 $7,866 $11,310 $10,123 10/31/18 $6,836 $10,943 $10,175 1/31/19 $6,715 $10,972 $10,235 4/30/19 $7,591 $12,011 $10,296 7/31/19 $8,580 $12,214 $10,359 10/31/19 $9,826 $12,510 $10,414 1/31/20 $10,191 $13,351 $10,458 4/30/20 $8,939 $12,115 $10,493 7/31/20 $8,715 $13,674 $10,500 10/31/20 $7,773 $13,725 $10,503 1/31/21 $9,311 $15,653 $10,506 4/30/21 $12,001 $17,686 $10,507 7/31/21 $13,092 $18,658 $10,508 10/31/21 $14,431 $19,615 $10,509 1/31/22 $13,210 $19,299 $10,510 4/30/22 $10,250 $17,723 $10,516 7/31/22 $9,875 $17,792 $10,539 10/31/22 $9,144 $16,749 $10,601 1/31/23 $11,149 $17,714 $10,707 4/30/23 $11,580 $18,195 $10,830 7/31/23 $12,704 $20,108 $10,972 10/31/23 $11,374 $18,448 $11,125 1/31/24 $13,416 $21,401 $11,281 4/30/24 $13,435 $22,319 $11,434 7/31/24 $14,541 $24,561 $11,592 | | | |
Average Annual Return [Table Text Block] | | | | One Year Five Year Since Inception 10/2/17 Investor Class Footnote Reference 14.45% 11.13% 5.64% S&P 500 ® 22.15% 15.00% 14.07% FTSE 3-Month U.S. T-Bill Index 5.65% 2.28% 2.19% | | | |
Performance Inception Date | | Oct. 11, 2017 | | | | Oct. 02, 2017 | |
No Deduction of Taxes [Text Block] | | | | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | | | |
Performance Table Market Index Changed [Text Block] | | | | Effective July 30, 2024, the Fund changed its primary benchmark index from the FTSE 3-Month U.S. T-Bill Index to the S&P 500 ® | | | |
Prior Market Index Comparison [Text Block] | | | | The Fund retained the FTSE 3-Month U.S. T-Bill Index as a secondary benchmark | | | |
Updated Performance Information Location [Text Block] | | | | | | | |
AssetsNet | | | | $ 59,102,708 | $ 59,102,708 | $ 59,102,708 | $ 59,102,708 |
Holdings Count | Holding | | | | 6 | 6 | 6 | 6 |
Advisory Fees Paid, Amount | | | | $ 1,110,818 | | | |
InvestmentCompanyPortfolioTurnover | | | | 593% | | | |
Additional Fund Statistics [Text Block] | | | | Fund Statistics Total Net Assets $59,102,708 # of Portfolio Holdings 6 Portfolio Turnover Rate 593% Investment Advisory Fees (Net of fees waived) $1,110,818 | | | |
Holdings [Text Block] | | | | Asset Class Weightings (% total net investments) Value Value U.S. Treasury Securities 31.4% Other Assets & Liabilities, Net 68.6% | | | |
C000220967 | | | | | | | |
Shareholder Report [Line Items] | | | | | | | |
Fund Name | | | | ABR 75/25 Volatility Fund | | | |
Class Name | | | | Institutional | | | |
Trading Symbol | | | | VOLSX | | | |
Annual or Semi-Annual Statement [Text Block] | | | | This annual shareholder report contains important information about the ABR 75/25 Volatility Fund for the period of August 1, 2023, to July 31, 2024. | | | |
Shareholder Report Annual or Semi-Annual | | | | Annual Shareholder Report | | | |
Additional Information [Text Block] | | | | This annual shareholder report contains important information about the ABR 75/25 Volatility Fund for the period of August 1, 2023, to July 31, 2024. You can find additional information about the Fund at www.abrdynamicfunds.com/fund-documents/. You can also request this information by contacting us at (855) 422-4518. | | | |
Additional Information Phone Number | | | | (855) 422-4518 | | | |
Additional Information Website | | | | www.abrdynamicfunds.com/fund-documents/ | | | |
Expenses [Text Block] | | | | What were the Fund's costs for the last 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 Institutional Class $186 1.75% | | | |
Expenses Paid, Amount | | | | $ 186 | | | |
Expense Ratio, Percent | | | | 1.75% | | | |
Factors Affecting Performance [Text Block] | | | | How did the Fund perform in the last year? During the Fund’s fiscal year that ended July 31, 2024, the S&P 500 increased 22.15% while volatility dropped 48.33% (measured by the SPVIXSTR Index, an index that measures the result of long exposure to VIX Index futures), and long-dated US Treasuries were down 1.41% (measured by the LT11TRUU Index, an index which measures the result of exposure to 20+ year US Treasuries). For the year, the Fund gained 11.80%. There were several interruptions in the trend toward higher equity prices during the year, notably around October and November of 2023 and again in April and July of 2024. In response to these initial moves lower in equities, which were accompanied by jumps in volatility, the trend-following aspects of the Fund’s models utilized a modestly larger long allocation to volatility, in preparation for the possibility of a large upward trend. However, markets quickly turned around – lower in volatility and higher in equities – without ever realizing a large trend higher in volatility. Turning points are generally unfavorable market conditions for a trend-following model, as the model prepared for possible large uptrends in volatility assets that did not materialize. The model did, however, shift its allocations back out of the modestly higher long exposure to volatility assets rather quickly. Furthermore, the mean reversion aspects of the Adviser’s short volatility model mitigated some of the effect of these turning points and contributed to increased Fund returns, as compared to a portfolio managed entirely according to the long volatility model. As a result, the Fund enjoyed gains for the year, delivering on the objective of long-term capital appreciation. | | | |
Performance Past Does Not Indicate Future [Text] | | | | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | | | |
Line Graph [Table Text Block] | | | | Date Institutional Class S&P 500 ® FTSE 3-Month U.S. T-Bill Index 8/03/20 $10,000 $10,000 $10,000 10/31/20 $9,010 $9,965 $10,003 1/31/21 $9,540 $11,365 $10,005 4/30/21 $11,260 $12,841 $10,007 7/31/21 $11,790 $13,547 $10,007 10/31/21 $12,600 $14,242 $10,008 1/31/22 $12,117 $14,012 $10,010 4/30/22 $10,231 $12,868 $10,015 7/31/22 $9,682 $12,918 $10,037 10/31/22 $9,097 $12,161 $10,096 1/31/23 $10,088 $12,861 $10,197 4/30/23 $10,219 $13,211 $10,314 7/31/23 $11,126 $14,600 $10,449 10/31/23 $9,920 $13,395 $10,595 1/31/24 $11,457 $15,539 $10,744 4/30/24 $11,541 $16,205 $10,889 7/31/24 $12,439 $17,833 $11,040 | | | |
Average Annual Return [Table Text Block] | | | | One Year Since Inception 08/3/20 Institutional Class 11.80% 5.62% S&P 500 ® 22.15% 15.59% FTSE 3-Month U.S. T-Bill Index 5.65% 2.51% | | | |
Performance Inception Date | | | | | Aug. 03, 2020 | | |
No Deduction of Taxes [Text Block] | | | | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | | | |
Performance Table Market Index Changed [Text Block] | | | | Effective July 30, 2024, the Fund changed its primary benchmark index from the FTSE 3-Month U.S. T-Bill Index to the S&P 500 ® | | | |
Prior Market Index Comparison [Text Block] | | | | The Fund retained the FTSE 3-Month U.S. T-Bill Index as a secondary benchmark | | | |
Updated Performance Information Location [Text Block] | | | | | | | |
AssetsNet | | | | $ 285,561,677 | $ 285,561,677 | $ 285,561,677 | $ 285,561,677 |
Holdings Count | Holding | | | | 6 | 6 | 6 | 6 |
Advisory Fees Paid, Amount | | | | $ 3,953,221 | | | |
InvestmentCompanyPortfolioTurnover | | | | 681% | | | |
Additional Fund Statistics [Text Block] | | | | Fund Statistics Total Net Assets $285,561,677 # of Portfolio Holdings 6 Portfolio Turnover Rate 681% Investment Advisory Fees (Net of fees waived) $3,953,221 | | | |
Holdings [Text Block] | | | | Asset Class Weightings (% total net investments) Value Value U.S. Treasury Securities 15.6% Other Assets & Liabilities, Net 84.4% | | | |
C000220968 | | | | | | | |
Shareholder Report [Line Items] | | | | | | | |
Fund Name | | | | ABR 75/25 Volatility Fund | | | |
Class Name | | | | Investor | | | |
Trading Symbol | | | | VOLJX | | | |
Annual or Semi-Annual Statement [Text Block] | | | | This annual shareholder report contains important information about the ABR 75/25 Volatility Fund for the period of August 1, 2023, to July 31, 2024. | | | |
Shareholder Report Annual or Semi-Annual | | | | Annual Shareholder Report | | | |
Additional Information [Text Block] | | | | This annual shareholder report contains important information about the ABR 75/25 Volatility Fund for the period of August 1, 2023, to July 31, 2024. You can find additional information about the Fund at www.abrdynamicfunds.com/fund-documents/. You can also request this information by contacting us at (855) 422-4518. | | | |
Additional Information Phone Number | | | | (855) 422-4518 | | | |
Additional Information Website | | | | www.abrdynamicfunds.com/fund-documents/ | | | |
Expenses [Text Block] | | | | What were the Fund's costs for the last 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 Investor Class $212 2.00% | | | |
Expenses Paid, Amount | | | | $ 212 | | | |
Expense Ratio, Percent | | | | 2% | | | |
Factors Affecting Performance [Text Block] | | | | How did the Fund perform in the last year? During the Fund’s fiscal year that ended July 31, 2024, the S&P 500 increased 22.15% while volatility dropped 48.33% (measured by the SPVIXSTR Index, an index that measures the result of long exposure to VIX Index futures), and long-dated US Treasuries were down 1.41% (measured by the LT11TRUU Index, an index which measures the result of exposure to 20+ year US Treasuries). For the year, the Fund gained 11.62%. There were several interruptions in the trend toward higher equity prices during the year, notably around October and November of 2023 and again in April and July of 2024. In response to these initial moves lower in equities, which were accompanied by jumps in volatility, the trend-following aspects of the Fund’s models utilized a modestly larger long allocation to volatility, in preparation for the possibility of a large upward trend. However, markets quickly turned around – lower in volatility and higher in equities – without ever realizing a large trend higher in volatility. Turning points are generally unfavorable market conditions for a trend-following model, as the model prepared for possible large uptrends in volatility assets that did not materialize. The model did, however, shift its allocations back out of the modestly higher long exposure to volatility assets rather quickly. Furthermore, the mean reversion aspects of the Adviser’s short volatility model mitigated some of the effect of these turning points and contributed to increased Fund returns, as compared to a portfolio managed entirely according to the long volatility model. As a result, the Fund enjoyed gains for the year, delivering on the objective of long-term capital appreciation. | | | |
Performance Past Does Not Indicate Future [Text] | | | | The Fund’s past performance is not a good predictor of how the Fund will perform in the future. | | | |
Line Graph [Table Text Block] | | | | Date Investor Class Footnote Reference S&P 500 ® FTSE 3-Month U.S. T-Bill Index 8/03/20 $10,000 $10,000 $10,000 10/31/20 $9,000 $9,965 $10,003 1/31/21 $9,520 $11,365 $10,005 4/30/21 $11,230 $12,841 $10,007 7/31/21 $11,750 $13,547 $10,007 10/31/21 $12,560 $14,242 $10,008 1/31/22 $12,067 $14,012 $10,010 4/30/22 $10,179 $12,868 $10,015 7/31/22 $9,618 $12,918 $10,037 10/31/22 $9,032 $12,161 $10,096 1/31/23 $10,012 $12,861 $10,197 4/30/23 $10,143 $13,211 $10,314 7/31/23 $11,027 $14,600 $10,449 10/31/23 $9,833 $13,395 $10,595 1/31/24 $11,340 $15,539 $10,744 4/30/24 $11,424 $16,205 $10,889 7/31/24 $12,309 $17,833 $11,040 | | | |
Average Annual Return [Table Text Block] | | | | One Year Since Inception 08/3/20 Investor Class Footnote Reference 11.62% 5.34% S&P 500 ® 22.15% 15.59% FTSE 3-Month U.S. T-Bill Index 5.65% 2.51% | | | |
Performance Inception Date | Aug. 05, 2020 | | | | Aug. 03, 2020 | | |
No Deduction of Taxes [Text Block] | | | | The graph and table do not reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares. | | | |
Performance Table Market Index Changed [Text Block] | | | | Effective July 30, 2024, the Fund changed its primary benchmark index from the FTSE 3-Month U.S. T-Bill Index to the S&P 500 ® | | | |
Prior Market Index Comparison [Text Block] | | | | The Fund retained the FTSE 3-Month U.S. T-Bill Index as a secondary benchmark | | | |
Updated Performance Information Location [Text Block] | | | | | | | |
AssetsNet | | | | $ 285,561,677 | $ 285,561,677 | $ 285,561,677 | $ 285,561,677 |
Holdings Count | Holding | | | | 6 | 6 | 6 | 6 |
Advisory Fees Paid, Amount | | | | $ 3,953,221 | | | |
InvestmentCompanyPortfolioTurnover | | | | 681% | | | |
Additional Fund Statistics [Text Block] | | | | Fund Statistics Total Net Assets $285,561,677 # of Portfolio Holdings 6 Portfolio Turnover Rate 681% Investment Advisory Fees (Net of fees waived) $3,953,221 | | | |
Holdings [Text Block] | | | | Asset Class Weightings (% total net investments) Value Value U.S. Treasury Securities 15.6% Other Assets & Liabilities, Net 84.4% | | | |