Label | Element | Value | ||||
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
ProspectusDate | rr_ProspectusDate | Dec. 31, 2012 | ||||
Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | FREE MARKET FIXED INCOME FUND | ||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Free Market Fixed Income Fund seeks total return (consisting of current income and capital appreciation). |
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Expense [Heading] | rr_ExpenseHeading | Expenses and Fees | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. |
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Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Total annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 1% of the average value of its portfolio. |
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Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 1.00% | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Example | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and that you sell your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs and returns might be higher or lower, based on these assumptions your costs would be: |
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Strategy [Heading] | rr_StrategyHeading | Summary of Principal Investment Strategies | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund pursues its investment objective by investing under normal circumstances at least 80% of its net assets, including any borrowings for investment purposes, in shares of registered, open-end investment companies and exchange-traded funds ("ETFs") (collectively, "investment companies") that have either adopted policies to invest at least 80% of their assets in fixed income securities that the Adviser believes offer the prospect of providing total return, or invest substantially all of their assets in such fixed income securities. Under normal market conditions, the Adviser expects substantially all of the Fund's net assets to be invested in the securities of investment companies that invest in the types of securities described in each asset class below, with less than 2% of the net assets invested in cash or money market instruments. The Adviser uses target ranges to allocate the Fund's assets among various investment company asset classes. Actual allocations may differ from the target due to market fluctuations and other factors. Generally, the Adviser expects that the Fund's investments will be within plus or minus 5% of the following target ranges: Asset Class Target One-Year Fixed Income 25% Two-Year Global Fixed Income 25% Intermediate Government Fixed Income 25% Five-Year Global Fixed Income 25% One-Year Fixed Income Asset Class: The underlying investment companies generally will purchase U.S. government obligations, U.S. government agency obligations, dollar-denominated obligations of foreign issuers issued in the U.S., foreign government and agency obligations, bank obligations, including the obligations of U.S. subsidiaries and branches of foreign banks, corporate obligations, commercial paper, repurchase agreements, and obligations of supranational organizations such as the World Bank, the European Investment Bank, European Economic Community and European Coal and Steel Community. Generally, obligations comprising this asset class will mature within one year from the date of settlement, but substantial investments may be made in obligations maturing within two years from the date of settlement when greater returns are available. Two-Year Global Fixed Income Asset Class: The underlying investment companies generally will purchase obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, corporate debt obligations, bank obligations, commercial paper, repurchase agreements, and other debt obligations of domestic and foreign issuers. Generally, obligations comprising this asset class have a weighted average maturity not exceeding two years, but investments may be made in obligations maturing in a shorter time period (from overnight to less than two years from the date of settlement). Because many of the investments of the underlying investment companies in this asset class will be denominated in foreign currencies, the underlying investment companies may also enter into forward foreign currency contracts solely for the purpose of hedging against fluctuations in currency exchange rates. Intermediate Government Fixed Income Asset Class: The underlying investment companies generally will purchase debt obligations of the U.S. government and U.S. government agencies. Generally, investment companies in the asset class will purchase securities with maturities of between five and fifteen years, however such investment companies ordinarily will have an average weighted maturity of between three and ten years. Five-Year Global Fixed Income Asset Class: The underlying investment companies generally will purchase obligations issued or guaranteed by the U.S. and foreign governments, their agencies and instrumentalities, obligations of other foreign issuers, corporate debt obligations, bank obligations, commercial paper, and obligations of supranational organizations. Generally, obligations comprising this asset class have a weighted average maturity not exceeding five years. However, investments may be made in obligations maturing in a shorter time period (from overnight to less than five years from the date of settlement.) The Fund reserves the right to hold up to 100% of its assets as a temporary defensive measure in cash and money market instruments such as U.S. Government securities, bank obligations and commercial paper. To the extent the Fund employs a temporary defensive measure, the Fund may not achieve its investment objective. |
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Risk [Heading] | rr_RiskHeading | Summary of Principal Risks | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | As with all mutual funds, a shareholder is subject to the risk that his or her investment could lose money. An investment in the Fund involves the same investment risks as those of the underlying investment companies in which the Fund invests. These risks may adversely affect the Fund's net asset value ("NAV") and investment performance. The Fund is subject to the following principal risks: o Fixed income securities in which the Fund's underlying investment companies may invest are subject to certain risks, including: interest rate risk, reinvestment risk, prepayment and extension risk, credit/default risk, and the risks associated with investing in repurchase agreements. o Interest rate risk involves the risk that prices of fixed income securities will rise and fall in response to interest rate changes. o Reinvestment risk involves the risk that proceeds from matured investments may be re-invested at lower interest rates. o Prepayment risk involves the risk that in declining interest rates environments prepayments of principal could increase and require the Fund to reinvest proceeds of the prepayments at lower interest rates. o Extension risk involves the risk that prepayments of principal will decrease when interest rates rise resulting in a longer effective maturity of a security. o Credit risk involves the risk that the credit rating of a security may be lowered. o Repurchase agreement risk involves the risk that the other party to a repurchase agreement will be unable to complete the transaction and the underlying investment company in which the Fund invests may suffer a loss as a result. o Because the Fund owns shares of underlying investment companies that invest in foreign issuers, the Fund is subject to risks presented by investments in such issuers. Securities of foreign issuers may be negatively affected by political events, economic conditions, or inefficient, illiquid or unregulated markets in foreign countries. Foreign issuers may be subject to inadequate regulatory or accounting standards. o Currency risk is the risk that exchange rates for currencies in which securities held by the underlying investment companies in which the Fund invests are denominated will fluctuate daily. Forward foreign currency exchange contracts may limit potential gains from a favorable change in value between the U.S. dollar and foreign currencies. Unanticipated changes in currency pricing may result in poorer overall performance for the Fund than if it had not engaged in these contracts. o The Adviser's judgment about the attractiveness or potential appreciation of a particular underlying investment company security could prove to be wrong or the Fund could miss out on an investment opportunity because the assets necessary to take advantage of such opportunity are tied up in less advantageous investments. o Because under normal circumstances the Fund invests at least 80% of its net assets in shares of registered investment companies that emphasize investments in fixed income securities, the NAV of the Fund will change with changes in the share prices of the investment companies in which the Fund invests. o Not all obligations of U.S. government agencies and instrumentalities are backed by the full faith and credit of the U.S. Treasury. Some are backed only by the credit of the issuing agency or instrumentality. Accordingly, there may be some risk of default by the issuer in such cases. o There is a risk that the Fund, which is passively managed, may not perform as well as funds with more active methods of investment management, such as selecting securities based on economic, financial, and market analysis. o The performance of the Fund will depend on how successfully the investment adviser(s) to the underlying investment companies pursue their investment strategies. More information about the Fund's investments and risks is contained under the section entitled "More About Each Fund's Investments and Risks." |
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Risk Lose Money [Text] | rr_RiskLoseMoney | As with all mutual funds, a shareholder is subject to the risk that his or her investment could lose money. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Performance Information | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The chart below illustrates the long-term performance of the Fund. The information shows you how the Fund's performance has varied year by year and provides some indication of the risks of investing in the Fund. The chart assumes reinvestment of dividends and distributions. Total returns would have been lower had certain fees and expenses not been waived or reimbursed. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Updated information is available at www.mymatrix.cc or (866) 780-0357 Ext. 3863. |
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Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The chart below illustrates the long-term performance of the Fund. | ||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | (866) 780-0357 Ext. 3863 | ||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | www.mymatrix.cc | ||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. | ||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | Best and Worst Quarterly Performance (for the period reflected in the chart above) Best Quarter: 3.54% (quarter ended December 31, 2008) Worst Quarter: (0.87)% (quarter ended December 31, 2010) Year to Date Total Return as of September 30, 2012: 1.93% |
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Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns | ||||
Index No Deduction for Fees, Expenses, Taxes [Text] | rr_IndexNoDeductionForFeesExpensesTaxes | reflects no deduction for fees, expenses or taxes | ||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. | ||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns shown are not relevant to investors who hold their Fund shares through tax deferred arrangements, such as 401(k) plans or individual retirement accounts. | ||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | The table below compares the average annual total returns of the Fund before and after taxes for the past calendar year and since inception to the average total returns of a broad-based securities market index for the same periods. |
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Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund | Composite Index
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Label | rr_AverageAnnualReturnLabel | Composite Index | [1] | |||
1 Year | rr_AverageAnnualReturnYear01 | 4.06% | ||||
Since Inception | rr_AverageAnnualReturnSinceInception | 3.93% | [2] | |||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 31, 2007 | ||||
Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund | CitiGroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar Index
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Label | rr_AverageAnnualReturnLabel | CitiGroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar Index (reflects no deduction for fees, expenses or taxes) | ||||
1 Year | rr_AverageAnnualReturnYear01 | 2.31% | ||||
Since Inception | rr_AverageAnnualReturnSinceInception | 3.28% | [2] | |||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 31, 2007 | ||||
Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund | INSTITUTIONAL CLASS
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Management Fees | rr_ManagementFeesOverAssets | 0.50% | ||||
Distribution (12b-1) and/or Service Fees | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other expenses | rr_OtherExpensesOverAssets | 0.13% | ||||
Acquired Fund Fees and Expenses | rr_AcquiredFundFeesAndExpensesOverAssets | 0.19% | ||||
Total annual Fund operating expenses | rr_ExpensesOverAssets | 0.82% | ||||
Expense Example, with Redemption, 1 Year | rr_ExpenseExampleYear01 | 84 | ||||
Expense Example, with Redemption, 3 Years | rr_ExpenseExampleYear03 | 263 | ||||
Expense Example, with Redemption, 5 Years | rr_ExpenseExampleYear05 | 457 | ||||
Expense Example, with Redemption, 10 Years | rr_ExpenseExampleYear10 | 1,019 | ||||
Annual Return 2008 | rr_AnnualReturn2008 | 3.84% | ||||
Annual Return 2009 | rr_AnnualReturn2009 | 1.62% | ||||
Annual Return 2010 | rr_AnnualReturn2010 | 2.93% | ||||
Annual Return 2011 | rr_AnnualReturn2011 | 2.84% | ||||
Year to Date Return, Label | rr_YearToDateReturnLabel | Year to Date Total Return | ||||
Bar Chart, Year to Date Return, Date | rr_BarChartYearToDateReturnDate | Sep. 30, 2012 | ||||
Bar Chart, Year to Date Return | rr_BarChartYearToDateReturn | 1.93% | ||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | Best Quarter: | ||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Dec. 31, 2008 | ||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 3.54% | ||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | Worst Quarter: | ||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Dec. 31, 2010 | ||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (0.87%) | ||||
Label | rr_AverageAnnualReturnLabel | Fund Returns Before Taxes | ||||
1 Year | rr_AverageAnnualReturnYear01 | 2.84% | ||||
Since Inception | rr_AverageAnnualReturnSinceInception | 2.81% | [2] | |||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 31, 2007 | ||||
Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund | INSTITUTIONAL CLASS | After Taxes on Distributions
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Label | rr_AverageAnnualReturnLabel | Fund Returns After Taxes on Distributions | [2] | |||
1 Year | rr_AverageAnnualReturnYear01 | 2.19% | ||||
Since Inception | rr_AverageAnnualReturnSinceInception | 2.13% | [2] | |||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 31, 2007 | ||||
Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund | INSTITUTIONAL CLASS | After Taxes on Distributions and Sales
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Risk Return [Abstract] | rr_RiskReturnAbstract | |||||
Label | rr_AverageAnnualReturnLabel | Fund Returns After Taxes on Distributions and Sale of Fund Shares | [2] | |||
1 Year | rr_AverageAnnualReturnYear01 | 1.84% | ||||
Since Inception | rr_AverageAnnualReturnSinceInception | 2.00% | [2] | |||
Inception Date | rr_AverageAnnualReturnInceptionDate | Dec. 31, 2007 | ||||
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