Form N-CSR Cover
Form N-CSR Cover | 12 Months Ended |
Sep. 30, 2024 | |
Shareholder Report [Line Items] | |
Document Type | N-CSR |
Amendment Flag | false |
Registrant Name | Perpetual Americas Funds Trust |
Entity Central Index Key | 0001830437 |
Entity Investment Company Type | N-1A |
Document Period End Date | Sep. 30, 2024 |
Shareholder Report
Shareholder Report | 12 Months Ended | |
Sep. 30, 2024 USD ($) Holding | ||
Shareholder Report [Line Items] | ||
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | Perpetual Americas Funds Trust | |
Entity Central Index Key | 0001830437 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | Sep. 30, 2024 | |
C000231392 [Member] | ||
Shareholder Report [Line Items] | ||
Fund Name | TSW Emerging Markets Fund | |
Class Name | Institutional Shares | |
Trading Symbol | TSWMX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the TSW Emerging Markets Fund (the “Fund”) | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at connect.rightprospectus.com/JOHCM/ | |
Additional Information Phone Number | 866-260-9549 (toll free) or 312-557-5913 | |
Additional Information Website | connect.rightprospectus.com/JOHCM/ | |
Expenses [Text Block] | Fund Expenses for the Last Year (Based on a hypothetical $10,000 investment) Fund (Class) Cost of a $10,000 investment Costs paid as a percentage of a $10,000 investment TSW Emerging Markets Fund $ 0.99 % | |
Expenses Paid, Amount | $ 107 | |
Expense Ratio, Percent | 0.99% | |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance SUMMARY OF RESULTS Institutional Class shares of the Fund retuned 16.98% net of fees for the twelve months ending September 30, 2024. The Fund's benchmark, MSCI Emerging Markets Index, returned 26.05% over the same period. Energy stocks were the top contributor to relative performance on a sector basis, with Aegis Logistics Limited (India) as the leader in the group. Brazil was the top contributor at the country level with JBS SA as the best performing position. The Information Technology sector was a laggard due to Samsung Electronics Co. (Korea)'s (“Samsung”) underperformance. On a country basis, Korea was the largest source of underperformance, driven by the decline in Samsung’s share price. Mexican stocks in the portfolio were also a drag on returns, with Fibra Uno as the worst performer following a negative earnings report. TOP PERFORMANCE CONTRIBUTORS Energy Brazil TOP PERFORMANCE DETRACTORS Information Technology Korea | |
Performance Past Does Not Indicate Future [Text] | Performance data quoted represents past performance; past performance does not guarantee future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph and chart show the change in value of a hypothetical $100,000 investment in Institutional Class shares of the Fund during the stated time period. GROWTH OF $100,000 | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 year Since TSW Emerging Markets Fund (Institutional Shares/TSWMX) 16.98 % 1.72 % MSCI Emerging Markets Index 26.05 % 1.80 % | |
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. | |
Net Assets | $ 8,136,026 | |
Holdings Count | Holding | 62 | |
Advisory Fees Paid, Amount | $ 2,874 | |
Investment Company Portfolio Turnover | 32.29% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key fund statistics that you should pay attention to. Fund net assets $ Total number of portfolio holdings 62 Total advisory fees paid $ Portfolio turnover rate as of the end of the reporting period 32.29 % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund. TOP TEN HOLDINGS Taiwan Semiconductor Manufacturing Co. Ltd. 9.3 % Tencent Holdings Ltd. 5.8 % Samsung Electronics Co. Ltd. 5.2 % Alibaba Group Holding Ltd. 3.8 % ICICI Bank Ltd. - ADR 3.5 % Naspers Ltd. - Class N 3.3 % NetEase, Inc. 2.6 % E Ink Holdings, Inc. 2.6 % AIA Group Ltd. 2.4 % Shinhan Financial Group Co. Ltd. 2.3 % SECTOR ALLOCATION GEOGRAPHICAL ALLOCATION | |
Largest Holdings [Text Block] | TOP TEN HOLDINGS Taiwan Semiconductor Manufacturing Co. Ltd. 9.3 % Tencent Holdings Ltd. 5.8 % Samsung Electronics Co. Ltd. 5.2 % Alibaba Group Holding Ltd. 3.8 % ICICI Bank Ltd. - ADR 3.5 % Naspers Ltd. - Class N 3.3 % NetEase, Inc. 2.6 % E Ink Holdings, Inc. 2.6 % AIA Group Ltd. 2.4 % Shinhan Financial Group Co. Ltd. 2.3 % | |
C000231395 [Member] | ||
Shareholder Report [Line Items] | ||
Fund Name | TSW High Yield Bond Fund | |
Class Name | Institutional Shares | |
Trading Symbol | TSWHX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the TSW High Yield Bond Fund (the “Fund”) | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at connect.rightprospectus.com/JOHCM/ | |
Additional Information Phone Number | 866-260-9549 (toll free) or 312-557-5913 | |
Additional Information Website | connect.rightprospectus.com/JOHCM/ | |
Expenses [Text Block] | Fund Expenses for the Last Year (Based on a hypothetical $10,000 investment) Fund (Class) Cost of a $10,000 investment Costs paid as a percentage of a $10,000 investment TSW High Yield Bond Fund $ 0.65 % | |
Expenses Paid, Amount | $ 70 | |
Expense Ratio, Percent | 0.65% | |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance SUMMARY OF RESULTS For the twelve-month period ended September 30, 2024, Institutional Class shares of the Fund returned 13.90%, net of fees. The Fund underperformed the ICE BofA U.S. High Yield Constrained Index, which returned 15.75%. This underperformance was largely driven by the Fund’s shorter duration positioning relative to the benchmark as longer duration high-yield bonds outperformed intermediate duration high-yield bonds during the period. TOP PERFORMANCE CONTRIBUTORS Vista Outdoor Inc. 4.5%, 03/15/29 | PRA Group, Inc. 5.0%, 10/01/29 | TOP PERFORMANCE DETRACTORS Spirit IP Cayman Ltd. 8.0%, 09/20/25 | Albertsons Companies, Inc. 4.625%, 01/15/27 | | |
Performance Past Does Not Indicate Future [Text] | Performance data quoted represents past performance; past performance does not guarantee future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph and chart show the change in value of a hypothetical $100,000 investment in Institutional Class shares of the Fund during the stated time period. GROWTH OF $100,000 | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 year Since TSW High Yield Bond Fund (Institutional Shares/TSWHX) 13.90 % 3.40 % ICE BofA U.S. High Yield Constrained Index 15.75 % 3.29 % Bloomberg U.S. Aggregate Bond Index * 11.57 % (1.32 ) % * Effective September 30, 2024 the Fund compares its performance to the Bloomberg U.S. Aggregate Bond Index, a broad-based performance index that meets new regulatory requirements. The Fund’s performance is also compared to its prior benchmark, which more closely represents the market sectors and/or asset classes in which the Fund primarily invests. | |
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. | |
Net Assets | $ 9,749,292 | |
Holdings Count | Holding | 61 | |
Advisory Fees Paid, Amount | $ 0 | |
Investment Company Portfolio Turnover | 36.54% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key fund statistics that you should pay attention to. Fund net assets $ Total number of portfolio holdings 61 Total advisory fees paid $0 - Due to fee waivers Portfolio turnover rate as of the end of the reporting period 36.54 % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund. TOP TEN HOLDINGS Vista Outdoor, Inc., 4.50%, 03/15/29 3.2 % Permian Resources Operating LLC, 9.88%, 07/15/31 2.9 % Markel Group, Inc., 6.00%, 06/01/25 2.6 % Albertsons Cos., Inc./Safeway, Inc./New Albertsons L.P./Albertsons LLC, 4.63%, 01/15/27 2.5 % StoneX Group, Inc., 7.88%, 03/01/31 2.5 % Clarios Global L.P./Clarios U.S. Finance Co., 6.25%, 05/15/26 2.3 % JB Poindexter & Co., Inc., 8.75%, 12/15/31 2.2 % GN Bondco LLC, 9.50%, 10/15/31 2.2 % Fortress Transportation and Infrastructure Investors LLC, 7.00%, 06/15/32 2.1 % Post Holdings, Inc., 6.38%, 03/01/33 2.1 % ASSET TYPE ALLOCATION | |
Largest Holdings [Text Block] | TOP TEN HOLDINGS Vista Outdoor, Inc., 4.50%, 03/15/29 3.2 % Permian Resources Operating LLC, 9.88%, 07/15/31 2.9 % Markel Group, Inc., 6.00%, 06/01/25 2.6 % Albertsons Cos., Inc./Safeway, Inc./New Albertsons L.P./Albertsons LLC, 4.63%, 01/15/27 2.5 % StoneX Group, Inc., 7.88%, 03/01/31 2.5 % Clarios Global L.P./Clarios U.S. Finance Co., 6.25%, 05/15/26 2.3 % JB Poindexter & Co., Inc., 8.75%, 12/15/31 2.2 % GN Bondco LLC, 9.50%, 10/15/31 2.2 % Fortress Transportation and Infrastructure Investors LLC, 7.00%, 06/15/32 2.1 % Post Holdings, Inc., 6.38%, 03/01/33 2.1 % | |
C000231400 [Member] | ||
Shareholder Report [Line Items] | ||
Fund Name | TSW Large Cap Value Fund | |
Class Name | Institutional Shares | |
Trading Symbol | TSWEX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the TSW Large Cap Value Fund (the “Fund”) | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at connect.rightprospectus.com/JOHCM/ | |
Additional Information Phone Number | 866-260-9549 (toll free) or 312-557-5913 | |
Additional Information Website | connect.rightprospectus.com/JOHCM/ | |
Expenses [Text Block] | Fund Expenses for the Last Year (Based on a hypothetical $10,000 investment) Fund (Class) Cost of a $10,000 investment Costs paid as a percentage of a $10,000 investment TSW Large Cap Value Fund $ 0.73 % | |
Expenses Paid, Amount | $ 80 | |
Expense Ratio, Percent | 0.73% | |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance SUMMARY OF RESULTS Institutional Class shares of the Fund returned 19.99% net of fees for the last twelve months, underperforming the 27.76% return of the Russell 1000 ® TOP PERFORMANCE CONTRIBUTORS Progressive Corporation Dell Technologies, Inc. TOP PERFORMANCE DETRACTORS Bayer AG Liberty Broadband Corp. | |
Performance Past Does Not Indicate Future [Text] | Performance data quoted represents past performance; past performance does not guarantee future results. | |
Line Graph [Table Text Block] | Fund Performance The following graph and chart show the change in value of a hypothetical $100,000 investment in Institutional Class shares of the Fund during the stated time period. GROWTH OF $100,000 | |
Average Annual Return [Table Text Block] | Average Annual Total Returns 1 year 5 year 10 year TSW Large Cap Value Fund (Institutional Shares/TSWEX) 19.99 % 11.62 % 9.57 % Russell 1000 ® * 35.68 % 15.64 % 13.10 % Russell 1000 ® 27.76 % 10.69 % 9.23 % * Effective September 30, 2024 the Fund compares its performance to the Russell 1000 ® | |
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. | |
Net Assets | $ 37,657,382 | |
Holdings Count | Holding | 42 | |
Advisory Fees Paid, Amount | $ 132,396 | |
Investment Company Portfolio Turnover | 40.50% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key fund statistics that you should pay attention to. Fund net assets $ Total number of portfolio holdings 42 Total advisory fees paid $ Portfolio turnover rate as of the end of the reporting period 40.50 % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund. TOP TEN HOLDINGS Dominion Energy, Inc. 4.9 % Charter Communications, Inc. - Class A 4.3 % Berkshire Hathaway, Inc. - Class B 4.1 % Anheuser-Busch InBev S.A./N.V. - ADR 3.9 % Progressive (The) Corp. 3.8 % Kinder Morgan, Inc. 3.7 % Nintendo Co. Ltd. - ADR 3.3 % Kraft Heinz (The) Co. 3.3 % Willis Towers Watson PLC 3.1 % Hess Corp. 2.9 % SECTOR ALLOCATION GEOGRAPHICAL ALLOCATION | |
Largest Holdings [Text Block] | TOP TEN HOLDINGS Dominion Energy, Inc. 4.9 % Charter Communications, Inc. - Class A 4.3 % Berkshire Hathaway, Inc. - Class B 4.1 % Anheuser-Busch InBev S.A./N.V. - ADR 3.9 % Progressive (The) Corp. 3.8 % Kinder Morgan, Inc. 3.7 % Nintendo Co. Ltd. - ADR 3.3 % Kraft Heinz (The) Co. 3.3 % Willis Towers Watson PLC 3.1 % Hess Corp. 2.9 % | |
C000249810 [Member] | ||
Shareholder Report [Line Items] | ||
Fund Name | TSW Core Plus Bond Fund | |
Class Name | Institutional Shares | |
Trading Symbol | TSWFX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about the TSW Core Plus Bond Fund (the “Fund”) | |
Shareholder Report Annual or Semi-Annual | annual shareholder report | |
Additional Information [Text Block] | You can find additional information about the Fund at connect.rightprospectus.com/JOHCM/ | |
Additional Information Phone Number | 866-260-9549 (toll free) or 312-557-5913 | |
Additional Information Website | connect.rightprospectus.com/JOHCM/ | |
Expenses [Text Block] | Fund Expenses for the Last Year (Based on a hypothetical $10,000 investment) Fund (Class) Cost of a $10,000 investment Costs paid as a percentage of a $10,000 investment TSW Core Plus Bond Fund $ * 0.50 % * Represents the fee from May 15, 2024, the Fund's inception date, through September 30, 2024. Expenses would be higher for a full annual reporting period. | |
Expenses Paid, Amount | $ 19 | [1] |
Expense Ratio, Percent | 0.50% | |
Factors Affecting Performance [Text Block] | Management’s Discussion of Fund Performance SUMMARY OF RESULTS For the period beginning May 15, 2024, the Fund's inception date, through September 30, 2024, Insitutional Class of shares of the Fund returned 5.19% net of fees. The Fund underperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, which returned 5.45%, as well as the overall equity market. This underperformance was largely driven by the Fund’s shorter duration positioning, particularly within mortgage bonds, relative to the benchmark as longer duration high-yield, investment grade, and treasury bonds outperformed intermediate duration during the period. TOP PERFORMANCE CONTRIBUTORS Government of the United States of America 4.5%, 02/15/44 Duke Energy Carolinas, LLC 4.85%, 01/15/34 TOP PERFORMANCE DETRACTORS Government of the United States of America 4.0%, 02/15/34 Murphy Oil Corporation 6.0%, 10/01/32 | |
Performance Past Does Not Indicate Future [Text] | Performance data quoted represents past performance; past performance does not guarantee future results. | |
Line Graph [Table Text Block] | Fund Performance GROWTH OF $100,000 | |
Average Annual Return [Table Text Block] | Cumulative Total Returns Since TSW Core Plus Bond Fund (Institutional Shares/TSWFX) 5.19 % Bloomberg U.S. Aggregate Bond Index 5.45 % | |
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. | |
Net Assets | $ 26,915,261 | |
Holdings Count | Holding | 85 | |
Advisory Fees Paid, Amount | $ 0 | |
Investment Company Portfolio Turnover | 1.44% | |
Additional Fund Statistics [Text Block] | Key Fund Statistics The following table outlines key fund statistics that you should pay attention to. Fund net assets $ Total number of portfolio holdings 85 Total advisory fees paid $0 - Due to fee waivers Portfolio turnover rate as of the end of the reporting period 1.44 % | |
Holdings [Text Block] | Graphical Representation of Holdings The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund. TOP TEN HOLDINGS Freddie Mac Pool #SD8233, 5.00%, 07/01/52 6.2 % U.S. Treasury Bonds, 4.13%, 08/15/44 3.7 % U.S. Treasury Bonds, 4.25%, 02/15/54 2.8 % U.S. Treasury Notes, 4.13%, 11/15/32 2.3 % Fannie Mae Pool #BM4854, 4.50%, 08/01/44 1.9 % Broadcom, Inc., 4.55%, 02/15/32 1.9 % Ingersoll Rand, Inc., 5.70%, 08/14/33 1.6 % Netflix, Inc., 4.90%, 08/15/34 1.5 % American International Group, Inc., 5.13%, 03/27/33 1.5 % Oracle Corp., 4.90%, 02/06/33 1.5 % ASSET TYPE ALLOCATION | |
Largest Holdings [Text Block] | TOP TEN HOLDINGS Freddie Mac Pool #SD8233, 5.00%, 07/01/52 6.2 % U.S. Treasury Bonds, 4.13%, 08/15/44 3.7 % U.S. Treasury Bonds, 4.25%, 02/15/54 2.8 % U.S. Treasury Notes, 4.13%, 11/15/32 2.3 % Fannie Mae Pool #BM4854, 4.50%, 08/01/44 1.9 % Broadcom, Inc., 4.55%, 02/15/32 1.9 % Ingersoll Rand, Inc., 5.70%, 08/14/33 1.6 % Netflix, Inc., 4.90%, 08/15/34 1.5 % American International Group, Inc., 5.13%, 03/27/33 1.5 % Oracle Corp., 4.90%, 02/06/33 1.5 % | |
[1]Represents the fee from May 15, 2024, the Fund's inception date, through September 30, 2024. Expenses would be higher for a full annual reporting period. |
Shareholder Report, Line Graph
Shareholder Report, Line Graph (Details) - USD ($) | 5 Months Ended | 12 Months Ended | 33 Months Ended | 35 Months Ended | 60 Months Ended | 120 Months Ended | |||||||||||||||||
Sep. 30, 2024 | Sep. 30, 2024 | Sep. 30, 2024 | Sep. 30, 2024 | Sep. 30, 2024 | Sep. 30, 2024 | Jun. 30, 2024 | May 15, 2024 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 21, 2021 | Oct. 26, 2021 | Sep. 30, 2021 | Sep. 30, 2020 | Sep. 30, 2019 | Sep. 30, 2018 | Sep. 30, 2017 | Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2014 | ||||
C000231392 [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | TSW Emerging Markets Fund (Institutional Shares/TSWMX) | ||||||||||||||||||||||
Account Value | $ 104,853 | $ 104,853 | $ 104,853 | $ 104,853 | $ 104,853 | $ 104,853 | $ 89,635 | $ 72,500 | $ 100,000 | ||||||||||||||
Average Annual Return, Percent | 16.98% | 1.72% | |||||||||||||||||||||
C000231395 [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | TSW High Yield Bond Fund (Institutional Shares/TSWHX) | ||||||||||||||||||||||
Account Value | 110,291.6 | $ 110,291.6 | $ 110,291.6 | $ 110,291.6 | 110,291.6 | 110,291.6 | 96,833.4 | 87,248.3 | $ 100,000 | ||||||||||||||
Average Annual Return, Percent | 13.90% | 3.40% | |||||||||||||||||||||
C000231400 [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | TSW Large Cap Value Fund (Institutional Shares/TSWEX) | ||||||||||||||||||||||
Account Value | 249,503.6 | $ 249,503.6 | 249,503.6 | $ 249,503.6 | $ 249,503.6 | $ 249,503.6 | 207,943.5 | 185,205.7 | $ 191,842.6 | $ 142,208.6 | $ 143,981 | $ 142,596.3 | $ 124,116.3 | $ 111,531.1 | $ 97,042.6 | $ 100,000 | |||||||
Average Annual Return, Percent | 19.99% | 11.62% | 9.57% | ||||||||||||||||||||
C000249810 [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | TSW Core Plus Bond Fund (Institutional Shares/TSWFX) | ||||||||||||||||||||||
Account Value | $ 105,188 | $ 105,188 | 105,188 | 105,188 | $ 105,188 | $ 105,188 | $ 100,399 | $ 100,000 | |||||||||||||||
Average Annual Return, Percent | 5.19% | ||||||||||||||||||||||
MSCI Emerging Markets Index [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | MSCI Emerging Markets Index | ||||||||||||||||||||||
Account Value | $ 105,086 | $ 105,086 | $ 105,086 | 105,086 | 105,086 | 105,086 | 83,366 | 74,635 | $ 100,000 | ||||||||||||||
Average Annual Return, Percent | 26.05% | 1.80% | |||||||||||||||||||||
Bloomberg U S Aggregate Bond Index [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Bloomberg U.S. Aggregate Bond Index | ||||||||||||||||||||||
Account Value | $ 96,182.8 | $ 96,182.8 | $ 96,182.8 | $ 96,182.8 | 96,182.8 | 96,182.8 | $ 100,245 | $ 100,000 | 86,209.6 | 85,657.6 | 100,000 | ||||||||||||
Average Annual Return, Percent | 5.45% | 11.57% | [1] | (1.32%) | [1] | ||||||||||||||||||
Russell 1000 Index [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Russell 1000® Index | ||||||||||||||||||||||
Account Value | $ 342,568.3 | $ 342,568.3 | 342,568.3 | $ 342,568.3 | $ 342,568.3 | $ 342,568.3 | 252,482.9 | 208,330 | 251,652.7 | 192,154.6 | 165,631.8 | 159,456.2 | 135,402.2 | 114,226.5 | 99,386.3 | 100,000 | |||||||
Average Annual Return, Percent | [2] | 35.68% | 15.64% | 13.10% | |||||||||||||||||||
I C E BofA U S High Yield Constrained Index [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | ICE BofA U.S. High Yield Constrained Index | ||||||||||||||||||||||
Account Value | 109,960 | $ 109,960 | 109,960 | $ 109,960 | $ 109,960 | $ 109,960 | 94,998.7 | 86,142.2 | $ 100,000 | ||||||||||||||
Average Annual Return, Percent | 15.75% | 3.29% | |||||||||||||||||||||
Russell 1000 Value Index [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Line Graph and Table Measure Name | Russell 1000® Value Index | ||||||||||||||||||||||
Account Value | 241,834.9 | $ 241,834.9 | 241,834.9 | $ 241,834.9 | $ 241,834.9 | $ 241,834.9 | 189,286.3 | 165,404.8 | 186,608.3 | 138,216.8 | 145,529.4 | 139,931.2 | 127,849.4 | 111,054.9 | 95,576.3 | 100,000 | |||||||
Average Annual Return, Percent | 27.76% | 10.69% | 9.23% | ||||||||||||||||||||
S And P 500 Total Return Index [Member] | |||||||||||||||||||||||
Account Value [Line Items] | |||||||||||||||||||||||
Account Value | $ 350,980.2 | $ 350,980.2 | $ 350,980.2 | $ 350,980.2 | $ 350,980.2 | $ 350,980.2 | $ 257,408.2 | $ 211,654.3 | $ 250,395.6 | $ 192,604.6 | $ 167,265.6 | $ 160,440.7 | $ 136,070 | $ 114,721.1 | $ 99,385.5 | $ 100,000 | |||||||
[1]Effective September 30, 2024 the Fund compares its performance to the Bloomberg U.S. Aggregate Bond Index, a broad-based performance index that meets new regulatory requirements. The Fund’s performance is also compared to its prior benchmark, which more closely represents the market sectors and/or asset classes in which the Fund primarily invests.[2]Effective September 30, 2024 the Fund compares its performance to the Russell 1000 ® |
Shareholder Report, Holdings (D
Shareholder Report, Holdings (Details) | Sep. 30, 2024 |
C000231392 [Member] | Taiwan Semiconductor Manufacturing Co Ltd [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 9.30% |
C000231392 [Member] | Tencent Holdings Ltd [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.80% |
C000231392 [Member] | Samsung Electronics Co Ltd [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.20% |
C000231392 [Member] | Alibaba Group Holding Ltd [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.80% |
C000231392 [Member] | ICICI Bank Ltd ADR [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.50% |
C000231392 [Member] | Naspers Ltd Class N [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.30% |
C000231392 [Member] | NetEase Inc [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.60% |
C000231392 [Member] | E Ink Holdings Inc [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.60% |
C000231392 [Member] | AIA Group Ltd [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.40% |
C000231392 [Member] | Shinhan Financial Group Co Ltd [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.30% |
C000231392 [Member] | All other countries less than 2 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 10.50% |
C000231392 [Member] | Information Technology Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 23.50% |
C000231392 [Member] | Financial Services Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 17.20% |
C000231392 [Member] | Consumer Discretionary Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 15.20% |
C000231392 [Member] | Communications Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 10.80% |
C000231392 [Member] | Industrial Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 8.60% |
C000231392 [Member] | Energy Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.80% |
C000231392 [Member] | Consumer Staples Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.70% |
C000231392 [Member] | Materials Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5.50% |
C000231392 [Member] | Healthcare Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.10% |
C000231392 [Member] | Real Estate Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3% |
C000231392 [Member] | CHINA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 16.60% |
C000231392 [Member] | TAIWAN | |
Holdings [Line Items] | |
Percent of Net Asset Value | 13.80% |
C000231392 [Member] | INDIA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 13.70% |
C000231392 [Member] | KOREA, REPUBLIC OF | |
Holdings [Line Items] | |
Percent of Net Asset Value | 12.80% |
C000231392 [Member] | HONG KONG | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.30% |
C000231392 [Member] | BRAZIL | |
Holdings [Line Items] | |
Percent of Net Asset Value | 5% |
C000231392 [Member] | SOUTH AFRICA | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.50% |
C000231392 [Member] | MEXICO | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.40% |
C000231392 [Member] | UNITED STATES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.50% |
C000231392 [Member] | GREECE | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.40% |
C000231392 [Member] | TÜRKIYE | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.80% |
C000231392 [Member] | UNITED KINGDOM | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.10% |
C000231395 [Member] | Vista Outdoor Inc 4 50 03 15 29 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.20% |
C000231395 [Member] | Permian Resources Operating LLC 9 88 07 15 31 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.90% |
C000231395 [Member] | Markel Group Inc 6 00 06 01 25 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.60% |
C000231395 [Member] | Albertsons Cos Inc Safeway Inc New Albertsons L P Albertsons LLC 4 63 01 15 27 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.50% |
C000231395 [Member] | StoneX Group Inc 7 88 03 01 31 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.50% |
C000231395 [Member] | Clarios Global L P Clarios U S Finance Co 6 25 05 15 26 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.30% |
C000231395 [Member] | JB Poindexter And Co Inc 8 75 12 15 31 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.20% |
C000231395 [Member] | GN Bondco LLC 9 50 10 15 31 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.20% |
C000231395 [Member] | Fortress Transportation and Infrastructure Investors LLC 7 00 06 15 32 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.10% |
C000231395 [Member] | Post Holdings Inc 6 38 03 01 33 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.10% |
C000231395 [Member] | Corporate Bond Securities [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 91.70% |
C000231395 [Member] | Foreign Issuer Bonds [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.60% |
C000231400 [Member] | Dominion Energy Inc [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.90% |
C000231400 [Member] | Charter Communications Inc Class A [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.30% |
C000231400 [Member] | Anheuser Busch InBev S A N V ADR [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.90% |
C000231400 [Member] | Progressive The Corp [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.80% |
C000231400 [Member] | Kinder Morgan Inc [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.70% |
C000231400 [Member] | Nintendo Co Ltd ADR [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.30% |
C000231400 [Member] | Kraft Heinz The Co [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.30% |
C000231400 [Member] | Willis Towers Watson PLC [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.10% |
C000231400 [Member] | Hess Corp [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.90% |
C000231400 [Member] | Berkshire Hathaway Inc Class B [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.10% |
C000231400 [Member] | Information Technology Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4% |
C000231400 [Member] | Financial Services Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 19.70% |
C000231400 [Member] | Communications Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 12.20% |
C000231400 [Member] | Industrial Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.90% |
C000231400 [Member] | Energy Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 10.50% |
C000231400 [Member] | Consumer Staples Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 8.30% |
C000231400 [Member] | Healthcare Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 18.10% |
C000231400 [Member] | Real Estate Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.50% |
C000231400 [Member] | Utilities Sector [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 7.50% |
C000231400 [Member] | All other industries less than 2 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 0.70% |
C000231400 [Member] | UNITED STATES | |
Holdings [Line Items] | |
Percent of Net Asset Value | 75.70% |
C000231400 [Member] | IRELAND | |
Holdings [Line Items] | |
Percent of Net Asset Value | 4.90% |
C000231400 [Member] | BELGIUM | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.90% |
C000231400 [Member] | JAPAN | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.30% |
C000231400 [Member] | GERMANY | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.60% |
C000249810 [Member] | Freddie Mac Pool SD8233 5 00 07 01 52 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 6.20% |
C000249810 [Member] | U S Treasury Bonds 4 13 08 15 44 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 3.70% |
C000249810 [Member] | U S Treasury Bonds 4 25 02 15 54 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.80% |
C000249810 [Member] | U S Treasury Notes 4 13 11 15 32 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 2.30% |
C000249810 [Member] | Fannie Mae Pool BM4854 4 50 08 01 44 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.90% |
C000249810 [Member] | Broadcom Inc 4 55 02 15 32 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.90% |
C000249810 [Member] | Ingersoll Rand Inc 5 70 08 14 33 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.60% |
C000249810 [Member] | Netflix Inc 4 90 08 15 34 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.50% |
C000249810 [Member] | American International Group Inc 5 13 03 27 33 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.50% |
C000249810 [Member] | Oracle Corp 4 90 02 06 33 [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 1.50% |
C000249810 [Member] | Corporate Bond Securities [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 49.70% |
C000249810 [Member] | Foreign Issuer Bonds [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 0.20% |
C000249810 [Member] | U S Government Obligations [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 26.80% |
C000249810 [Member] | Collateralized Mortgage-Backed Securities [Member] | |
Holdings [Line Items] | |
Percent of Net Asset Value | 8.80% |