Investment Risks
|
Mar. 27, 2026 |
| Copeland SMID Cap Dividend Growth Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Many factors
affect the Fund’s net asset value and performance. Each risk summarized below is considered a “principal risk” of investing
in the Fund, regardless of the order in which it appears. Different risks may be more significant at different times depending on market
conditions and other factors.
| ● | Small
and Medium Capitalization Stock Risk: The value of small and medium capitalization company
securities may be subject to more abrupt or erratic market movements than those of larger,
more established companies or the market averages in general. Small cap companies may have
limited product lines or markets, be less financially secure than larger companies, or depend
on a small number of key personnel. If adverse developments occur, such as due to management
changes or product failures, the Fund’s investment in a small cap company may lose
substantial value. |
| ● | Dividend-Paying
Stock Risk: The Fund’s emphasis on dividend-paying stocks could cause the Fund to
underperform similar funds that invest without consideration of a company’s track record
of paying dividends. Stocks of companies with a history of paying dividends may not participate
in a broad market advance to the same degree as most other stocks, and a sharp rise in interest
rates or economic downturn could cause a company to unexpectedly reduce or eliminate its
dividend. If the amount a company pays out as a dividend exceeds its earnings and profits,
the excess will be first treated as a return of capital and the Fund’s tax basis in
the stock will be reduced. A reduction in the Fund’s tax basis in such stock will increase
the amount of capital gain (or decrease the amount of capital loss) recognized by the
Fund on a subsequent sale of the stock. |
| ● | Style
Risk: If at any time the market is not favoring the Fund’s dividend growth investment
style, the Fund’s gains may not be as big as, or its losses may be bigger than, those
of other equity funds using different investment styles. |
| ● | Investment
Company Risk: Shares of open- and closed-end funds and ETFs have many of the same risks
as direct investments in the underlying securities they invest in or are designed to track,
although the lack of liquidity may make ETFs more volatile. Open-end funds, closed-end funds
and ETFs have investment management fees and other expenses that will be indirectly paid
by the Fund. In addition, ETFs and closed-end funds do not necessarily trade at the net asset
value of their underlying securities, which means that these funds could potentially trade
above or below the value of their underlying portfolios and may result in a loss and are
subject to trading and commission costs. |
| ● | Issuer-Specific
Risk: The value of a specific security can be more volatile than the market as a whole
and may perform worse than the market as a whole. |
| ● | Large
Shareholder Risk: From time to time, shareholders of the Fund (which may include institutional
investors or financial intermediaries acting on behalf of their clients) may make relatively
large redemptions or purchases of the Fund’s shares. These transactions may, among
other things, cause the Fund to sell securities or invest additional cash, as the case may
be, at disadvantageous prices. There could be adverse effects on the Fund’s performance
to the extent that the Fund may be required to sell securities or invest cash at times it
would not otherwise do so. Selling portfolio securities to meet a large redemption request
also may increase transaction costs or have adverse tax consequences for Fund shareholders.
In addition, a large redemption could result in the Fund’s current expenses being allocated
over a smaller asset base, leading to an increase in the Fund’s expense ratio. |
| ● | Management
Risk: The adviser’s dependence on its dividend growth and judgments about the attractiveness,
value and potential appreciation of particular securities in which the Fund invests may prove
incorrect and may not produce the desired results. |
| ● | Market
Risk: Overall securities market risks may affect the value of individual securities in
which the Fund invests. Factors such as foreign and domestic economic growth and market conditions,
interest rate levels, trade disputes and political events affect the securities markets.
Natural disasters, public health emergencies (including pandemics and epidemics such as COVID-19),
domestic political divisiveness in the United States, global conflict and war, military conflict,
climate change, terrorism and other unforeseeable events that adversely affect individual
companies, industries, sectors, and/or segments of the market, may lead to instability in
world economies and markets and may have negative long-term effects. Increasingly strained
relations between the U.S. and foreign countries, including as a result of economic sanctions
and tariffs, may also adversely affect U.S. issuers, as well as non-U.S. issuers. The Fund
cannot predict the effects of such events on the economy, the markets or the Fund’s
investments. |
| ● | MLP
Risk: Holders of MLP units have limited control and voting rights on matters affecting
the partnership. In addition, there are certain tax risks associated with an investment in
MLP units and conflicts of interest exist between common unit holders and the general partner,
including those arising from incentive distribution payments. Additional risks include the
following. The volatility in commodity prices may lead to the fluctuation in production or
supply of those commodities. A decrease in the production of natural gas, natural gas liquids,
crude oil, coal or other energy commodities or a decrease in the volume of such commodities
available for transportation, mining, processing, storage or distribution may adversely impact
the financial performance of MLPs. |
| ● | Preferred
Stock Risk: Preferred stock generally does not exhibit as great a potential for appreciation
as common stock, although it ranks above common stock in its claim on income for dividend
payments and in liquidation. In the event an issuer is liquidated or declares bankruptcy,
the claims of owners of bonds take precedence over the claims of preferred and common stockholders.
Preferred stock may also be subject to optional or mandatory redemption provisions. |
| ● | REIT
Risk: An equity REIT’s performance depends on the types and locations of the rental
properties it owns and on how well it manages those properties. Real estate values rise and
fall in response to a variety of factors, including local, regional and national economic
conditions, changes in interest rates and property taxes. |
| ● | Sector
Risk: The Fund may focus its investments on securities of a particular sector. Economic,
legislative or regulatory developments may occur that significantly affect the sector. This
may cause the Fund’s net asset value to fluctuate more than that of a fund that does
not focus in a particular sector. |
| ○ | Industrials
Sector Risk: The industrials sector is subject to risks related to general economic conditions,
changes in interest rates, commodity and energy prices, and the pace of infrastructure and
capital spending. Companies in the industrials sector may be adversely affected by manufacturing
and supply chain disruptions, fluctuations in demand for transportation and logistics services,
labor shortages and rising labor costs, and changes in government regulation and spending
priorities (including defense spending). Many industrial companies are also exposed to risks
associated with international trade, including tariffs, sanctions, and other barriers to
trade, as well as currency fluctuations and geopolitical events. In addition, industrial
companies may be subject to significant competition and rapid technological change, and may
be affected by product liability claims, environmental liabilities, and catastrophic events
such as natural disasters. |
| ● | Cyber
Security Risk: Cyber security risk is the risk of an unauthorized breach and access to
Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, or the risk of an incident occurring that causes the Fund, the adviser, custodian,
transfer agent, distributor and other service providers and financial intermediaries to suffer
data breaches, data corruption or lose operational functionality or prevent Fund investors
from purchasing, redeeming or exchanging shares or receiving distributions. The Fund and
its adviser have limited ability to prevent or mitigate cyber security incidents affecting
third-party service providers. Successful cyber-attacks or other cyber-failures or events
affecting the Fund or its service providers may adversely impact and cause financial losses
to the Fund or its shareholders. |
|
| Copeland SMID Cap Dividend Growth Fund | Small And Medium Capitalization Stock Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small
and Medium Capitalization Stock Risk: The value of small and medium capitalization company
securities may be subject to more abrupt or erratic market movements than those of larger,
more established companies or the market averages in general. Small cap companies may have
limited product lines or markets, be less financially secure than larger companies, or depend
on a small number of key personnel. If adverse developments occur, such as due to management
changes or product failures, the Fund’s investment in a small cap company may lose
substantial value. |
|
| Copeland SMID Cap Dividend Growth Fund | Dividend Paying Stock Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Dividend-Paying
Stock Risk: The Fund’s emphasis on dividend-paying stocks could cause the Fund to
underperform similar funds that invest without consideration of a company’s track record
of paying dividends. Stocks of companies with a history of paying dividends may not participate
in a broad market advance to the same degree as most other stocks, and a sharp rise in interest
rates or economic downturn could cause a company to unexpectedly reduce or eliminate its
dividend. If the amount a company pays out as a dividend exceeds its earnings and profits,
the excess will be first treated as a return of capital and the Fund’s tax basis in
the stock will be reduced. A reduction in the Fund’s tax basis in such stock will increase
the amount of capital gain (or decrease the amount of capital loss) recognized by the
Fund on a subsequent sale of the stock. |
|
| Copeland SMID Cap Dividend Growth Fund | Style Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Style
Risk: If at any time the market is not favoring the Fund’s dividend growth investment
style, the Fund’s gains may not be as big as, or its losses may be bigger than, those
of other equity funds using different investment styles. |
|
| Copeland SMID Cap Dividend Growth Fund | Investment Company Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Investment
Company Risk: Shares of open- and closed-end funds and ETFs have many of the same risks
as direct investments in the underlying securities they invest in or are designed to track,
although the lack of liquidity may make ETFs more volatile. Open-end funds, closed-end funds
and ETFs have investment management fees and other expenses that will be indirectly paid
by the Fund. In addition, ETFs and closed-end funds do not necessarily trade at the net asset
value of their underlying securities, which means that these funds could potentially trade
above or below the value of their underlying portfolios and may result in a loss and are
subject to trading and commission costs. |
|
| Copeland SMID Cap Dividend Growth Fund | Issuer Specific Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Issuer-Specific
Risk: The value of a specific security can be more volatile than the market as a whole
and may perform worse than the market as a whole. |
|
| Copeland SMID Cap Dividend Growth Fund | Large Shareholder Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Large
Shareholder Risk: From time to time, shareholders of the Fund (which may include institutional
investors or financial intermediaries acting on behalf of their clients) may make relatively
large redemptions or purchases of the Fund’s shares. These transactions may, among
other things, cause the Fund to sell securities or invest additional cash, as the case may
be, at disadvantageous prices. There could be adverse effects on the Fund’s performance
to the extent that the Fund may be required to sell securities or invest cash at times it
would not otherwise do so. Selling portfolio securities to meet a large redemption request
also may increase transaction costs or have adverse tax consequences for Fund shareholders.
In addition, a large redemption could result in the Fund’s current expenses being allocated
over a smaller asset base, leading to an increase in the Fund’s expense ratio. |
|
| Copeland SMID Cap Dividend Growth Fund | Management Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Management
Risk: The adviser’s dependence on its dividend growth and judgments about the attractiveness,
value and potential appreciation of particular securities in which the Fund invests may prove
incorrect and may not produce the desired results. |
|
| Copeland SMID Cap Dividend Growth Fund | Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Market
Risk: Overall securities market risks may affect the value of individual securities in
which the Fund invests. Factors such as foreign and domestic economic growth and market conditions,
interest rate levels, trade disputes and political events affect the securities markets.
Natural disasters, public health emergencies (including pandemics and epidemics such as COVID-19),
domestic political divisiveness in the United States, global conflict and war, military conflict,
climate change, terrorism and other unforeseeable events that adversely affect individual
companies, industries, sectors, and/or segments of the market, may lead to instability in
world economies and markets and may have negative long-term effects. Increasingly strained
relations between the U.S. and foreign countries, including as a result of economic sanctions
and tariffs, may also adversely affect U.S. issuers, as well as non-U.S. issuers. The Fund
cannot predict the effects of such events on the economy, the markets or the Fund’s
investments. |
|
| Copeland SMID Cap Dividend Growth Fund | M L P Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | MLP
Risk: Holders of MLP units have limited control and voting rights on matters affecting
the partnership. In addition, there are certain tax risks associated with an investment in
MLP units and conflicts of interest exist between common unit holders and the general partner,
including those arising from incentive distribution payments. Additional risks include the
following. The volatility in commodity prices may lead to the fluctuation in production or
supply of those commodities. A decrease in the production of natural gas, natural gas liquids,
crude oil, coal or other energy commodities or a decrease in the volume of such commodities
available for transportation, mining, processing, storage or distribution may adversely impact
the financial performance of MLPs. |
|
| Copeland SMID Cap Dividend Growth Fund | Preferred Stock Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Preferred
Stock Risk: Preferred stock generally does not exhibit as great a potential for appreciation
as common stock, although it ranks above common stock in its claim on income for dividend
payments and in liquidation. In the event an issuer is liquidated or declares bankruptcy,
the claims of owners of bonds take precedence over the claims of preferred and common stockholders.
Preferred stock may also be subject to optional or mandatory redemption provisions. |
|
| Copeland SMID Cap Dividend Growth Fund | R E I T Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | REIT
Risk: An equity REIT’s performance depends on the types and locations of the rental
properties it owns and on how well it manages those properties. Real estate values rise and
fall in response to a variety of factors, including local, regional and national economic
conditions, changes in interest rates and property taxes. |
|
| Copeland SMID Cap Dividend Growth Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk: The Fund may focus its investments on securities of a particular sector. Economic,
legislative or regulatory developments may occur that significantly affect the sector. This
may cause the Fund’s net asset value to fluctuate more than that of a fund that does
not focus in a particular sector. |
| ○ | Industrials
Sector Risk: The industrials sector is subject to risks related to general economic conditions,
changes in interest rates, commodity and energy prices, and the pace of infrastructure and
capital spending. Companies in the industrials sector may be adversely affected by manufacturing
and supply chain disruptions, fluctuations in demand for transportation and logistics services,
labor shortages and rising labor costs, and changes in government regulation and spending
priorities (including defense spending). Many industrial companies are also exposed to risks
associated with international trade, including tariffs, sanctions, and other barriers to
trade, as well as currency fluctuations and geopolitical events. In addition, industrial
companies may be subject to significant competition and rapid technological change, and may
be affected by product liability claims, environmental liabilities, and catastrophic events
such as natural disasters. |
|
| Copeland SMID Cap Dividend Growth Fund | Industrials Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ○ | Industrials
Sector Risk: The industrials sector is subject to risks related to general economic conditions,
changes in interest rates, commodity and energy prices, and the pace of infrastructure and
capital spending. Companies in the industrials sector may be adversely affected by manufacturing
and supply chain disruptions, fluctuations in demand for transportation and logistics services,
labor shortages and rising labor costs, and changes in government regulation and spending
priorities (including defense spending). Many industrial companies are also exposed to risks
associated with international trade, including tariffs, sanctions, and other barriers to
trade, as well as currency fluctuations and geopolitical events. In addition, industrial
companies may be subject to significant competition and rapid technological change, and may
be affected by product liability claims, environmental liabilities, and catastrophic events
such as natural disasters. |
|
| Copeland SMID Cap Dividend Growth Fund | Cyber Security Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Cyber
Security Risk: Cyber security risk is the risk of an unauthorized breach and access to
Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, or the risk of an incident occurring that causes the Fund, the adviser, custodian,
transfer agent, distributor and other service providers and financial intermediaries to suffer
data breaches, data corruption or lose operational functionality or prevent Fund investors
from purchasing, redeeming or exchanging shares or receiving distributions. The Fund and
its adviser have limited ability to prevent or mitigate cyber security incidents affecting
third-party service providers. Successful cyber-attacks or other cyber-failures or events
affecting the Fund or its service providers may adversely impact and cause financial losses
to the Fund or its shareholders. |
|
| Copeland Dividend Growth Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Many factors
affect the Fund’s net asset value and performance. Each risk summarized below is considered a “principal risk” of investing
in the Fund, regardless of the order in which it appears. Different risks may be more significant at different times depending on market
conditions and other factors.
| ● | Dividend-Paying
Stock Risk: The Fund’s emphasis on dividend-paying stocks could cause the Fund to
underperform similar funds that invest without consideration of a company’s track record
of paying dividends. Stocks of companies with a history of paying dividends may not participate
in a broad market advance to the same degree as most other stocks, and a sharp rise in interest
rates or economic downturn could cause a company to unexpectedly reduce or eliminate its
dividend. If the amount a company pays out as a dividend exceeds its earnings and profits,
the excess will be first treated as a return of capital and the Fund’s tax basis in
the stock will be reduced. A reduction in the Fund’s tax basis in such stock will increase
the amount of capital gain (or decrease the amount of capital loss) recognized by the
Fund on a subsequent sale of the stock. |
| ● | Style
Risk: If at any time the market is not favoring the Fund’s dividend growth investment
style, the Fund’s gains may not be as big as, or its losses may be bigger than, those
of other equity funds using different investment styles. |
| ● | Issuer-Specific
Risk: The value of a specific security can be more volatile than the market as a whole
and may perform worse than the market as a whole. |
| ● | Large
Shareholder Risk: From time to time, shareholders of the Fund (which may include institutional
investors or financial intermediaries acting on behalf of their clients) may make relatively
large redemptions or purchases of the Fund’s shares. These transactions may, among
other things, cause the Fund to sell securities or invest additional cash, as the case may
be, at disadvantageous prices. There could be adverse effects on the Fund’s performance
to the extent that the Fund may be required to sell securities or invest cash at times it
would not otherwise do so. Selling portfolio securities to meet a large redemption request
also may increase transaction costs or have adverse tax consequences for the Fund’s
shareholders. In addition, a large redemption could result in the Fund’s current expenses
being allocated over a smaller asset base, leading to an increase in the Fund’s expense
ratio. |
| ● | Management
Risk: The adviser’s dependence on its dividend growth strategy and judgments about
the attractiveness, value and potential appreciation of particular securities in which the
Fund invests may prove incorrect and may not produce the desired results. |
| ● | Market
Risk: Overall securities market risks may affect the value of individual securities in
which the Fund invests. Factors such as foreign and domestic economic growth and market conditions,
interest rate levels, trade disputes and political events affect the securities markets.
Natural disasters, public health emergencies (including pandemics and epidemics such as COVID-19),
domestic political divisiveness in the United States, global conflict and war, military conflict,
climate change, terrorism and other unforeseeable events that adversely affect individual
companies, industries, and/or segments of the market, may lead to instability in world economies
and markets and may have negative long-term effects. Increasingly strained relations between
the U.S. and foreign countries, including as a result of economic sanctions and tariffs,
may also adversely affect U.S. issuers, as well as non-U.S. issuers. The Fund cannot predict
the effects of such events on the economy, the markets or the Fund’s investments. |
| ● | MLP
Risk: Holders of MLP units have limited control and voting rights on matters affecting
the partnership. In addition, there are certain tax risks associated with an investment in
MLP units and conflicts of interest exist between common unit holders and the general partner,
including those arising from incentive distribution payments. Additional risks include the
following. The volatility in commodity prices may lead to the fluctuation in production or
supply of those commodities. A decrease in the production of natural gas, natural gas liquids,
crude oil, coal or other energy commodities or a decrease in the volume of such commodities
available for transportation, mining, processing, storage or distribution may adversely impact
the financial performance of MLPs. |
| ● | REIT
Risk: An equity REIT’s performance depends on the types and locations of the rental
properties it owns and on how well it manages those properties. Real estate values rise and
fall in response to a variety of factors, including local, regional and national economic
conditions, changes in interest rates and property taxes. |
| ● | Sector
Risk: The Fund may focus its investments on securities of a particular sector. Economic,
legislative or regulatory developments may occur that significantly affect the sector. This
may cause the Fund’s net asset value to fluctuate more than that of a fund that does
not focus in a particular sector. |
| ○ | Technology
Sector Risk: To the extent that the technology sector represents a significant portion
of the investments of the Fund, the Fund will be sensitive to changes in, and its performance
may depend to a greater extent on, factors impacting this sector. Technology companies face
intense competition, both domestically and internationally, which may have an adverse effect
on their profit margins. Technology companies may have limited product lines, markets, financial
resources or personnel. The products of technology companies may face obsolescence due to
rapid technological developments, frequent new product introduction, unpredictable changes
in growth rates and competition for the services of qualified personnel. Companies in the
technology sector may heavily depend on patent and intellectual property rights. The loss
or impairment of these rights may adversely affect the profitability of these companies. |
| ● | Small
and Medium Capitalization Risk: The value of a small or medium capitalization company
securities may be subject to more abrupt or erratic market movements than those of larger,
more established companies or the market averages in general. Small cap companies may have
limited product lines or markets, be less financially secure than larger companies, or depend
on a small number of key personnel. If adverse developments occur, due to management changes
or product failures, for instance, the Fund’s investment in a small cap company may
lose substantial value. |
| ● | Cyber
Security Risk: Cyber security risk is the risk of an unauthorized breach and access to
Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, or the risk of an incident occurring that causes the Fund, the adviser, custodian,
transfer agent, distributor and other service providers and financial intermediaries to suffer
data breaches, data corruption or lose operational functionality or prevent Fund investors
from purchasing, redeeming or exchanging shares or receiving distributions. The Fund and
its adviser have limited ability to prevent or mitigate cyber security incidents affecting
third-party service providers. Successful cyber-attacks or other cyber-failures or events
affecting the Fund or its service providers may adversely impact and cause financial losses
to the Fund or its shareholders. |
|
| Copeland Dividend Growth Fund | Dividend Paying Stock Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Dividend-Paying
Stock Risk: The Fund’s emphasis on dividend-paying stocks could cause the Fund to
underperform similar funds that invest without consideration of a company’s track record
of paying dividends. Stocks of companies with a history of paying dividends may not participate
in a broad market advance to the same degree as most other stocks, and a sharp rise in interest
rates or economic downturn could cause a company to unexpectedly reduce or eliminate its
dividend. If the amount a company pays out as a dividend exceeds its earnings and profits,
the excess will be first treated as a return of capital and the Fund’s tax basis in
the stock will be reduced. A reduction in the Fund’s tax basis in such stock will increase
the amount of capital gain (or decrease the amount of capital loss) recognized by the
Fund on a subsequent sale of the stock. |
|
| Copeland Dividend Growth Fund | Style Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Style
Risk: If at any time the market is not favoring the Fund’s dividend growth investment
style, the Fund’s gains may not be as big as, or its losses may be bigger than, those
of other equity funds using different investment styles. |
|
| Copeland Dividend Growth Fund | Issuer Specific Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Issuer-Specific
Risk: The value of a specific security can be more volatile than the market as a whole
and may perform worse than the market as a whole. |
|
| Copeland Dividend Growth Fund | Large Shareholder Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Large
Shareholder Risk: From time to time, shareholders of the Fund (which may include institutional
investors or financial intermediaries acting on behalf of their clients) may make relatively
large redemptions or purchases of the Fund’s shares. These transactions may, among
other things, cause the Fund to sell securities or invest additional cash, as the case may
be, at disadvantageous prices. There could be adverse effects on the Fund’s performance
to the extent that the Fund may be required to sell securities or invest cash at times it
would not otherwise do so. Selling portfolio securities to meet a large redemption request
also may increase transaction costs or have adverse tax consequences for the Fund’s
shareholders. In addition, a large redemption could result in the Fund’s current expenses
being allocated over a smaller asset base, leading to an increase in the Fund’s expense
ratio. |
|
| Copeland Dividend Growth Fund | Management Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Management
Risk: The adviser’s dependence on its dividend growth strategy and judgments about
the attractiveness, value and potential appreciation of particular securities in which the
Fund invests may prove incorrect and may not produce the desired results. |
|
| Copeland Dividend Growth Fund | Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Market
Risk: Overall securities market risks may affect the value of individual securities in
which the Fund invests. Factors such as foreign and domestic economic growth and market conditions,
interest rate levels, trade disputes and political events affect the securities markets.
Natural disasters, public health emergencies (including pandemics and epidemics such as COVID-19),
domestic political divisiveness in the United States, global conflict and war, military conflict,
climate change, terrorism and other unforeseeable events that adversely affect individual
companies, industries, and/or segments of the market, may lead to instability in world economies
and markets and may have negative long-term effects. Increasingly strained relations between
the U.S. and foreign countries, including as a result of economic sanctions and tariffs,
may also adversely affect U.S. issuers, as well as non-U.S. issuers. The Fund cannot predict
the effects of such events on the economy, the markets or the Fund’s investments. |
|
| Copeland Dividend Growth Fund | M L P Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | MLP
Risk: Holders of MLP units have limited control and voting rights on matters affecting
the partnership. In addition, there are certain tax risks associated with an investment in
MLP units and conflicts of interest exist between common unit holders and the general partner,
including those arising from incentive distribution payments. Additional risks include the
following. The volatility in commodity prices may lead to the fluctuation in production or
supply of those commodities. A decrease in the production of natural gas, natural gas liquids,
crude oil, coal or other energy commodities or a decrease in the volume of such commodities
available for transportation, mining, processing, storage or distribution may adversely impact
the financial performance of MLPs. |
|
| Copeland Dividend Growth Fund | R E I T Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | REIT
Risk: An equity REIT’s performance depends on the types and locations of the rental
properties it owns and on how well it manages those properties. Real estate values rise and
fall in response to a variety of factors, including local, regional and national economic
conditions, changes in interest rates and property taxes. |
|
| Copeland Dividend Growth Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk: The Fund may focus its investments on securities of a particular sector. Economic,
legislative or regulatory developments may occur that significantly affect the sector. This
may cause the Fund’s net asset value to fluctuate more than that of a fund that does
not focus in a particular sector. |
| ○ | Technology
Sector Risk: To the extent that the technology sector represents a significant portion
of the investments of the Fund, the Fund will be sensitive to changes in, and its performance
may depend to a greater extent on, factors impacting this sector. Technology companies face
intense competition, both domestically and internationally, which may have an adverse effect
on their profit margins. Technology companies may have limited product lines, markets, financial
resources or personnel. The products of technology companies may face obsolescence due to
rapid technological developments, frequent new product introduction, unpredictable changes
in growth rates and competition for the services of qualified personnel. Companies in the
technology sector may heavily depend on patent and intellectual property rights. The loss
or impairment of these rights may adversely affect the profitability of these companies. |
|
| Copeland Dividend Growth Fund | Cyber Security Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Cyber
Security Risk: Cyber security risk is the risk of an unauthorized breach and access to
Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, or the risk of an incident occurring that causes the Fund, the adviser, custodian,
transfer agent, distributor and other service providers and financial intermediaries to suffer
data breaches, data corruption or lose operational functionality or prevent Fund investors
from purchasing, redeeming or exchanging shares or receiving distributions. The Fund and
its adviser have limited ability to prevent or mitigate cyber security incidents affecting
third-party service providers. Successful cyber-attacks or other cyber-failures or events
affecting the Fund or its service providers may adversely impact and cause financial losses
to the Fund or its shareholders. |
|
| Copeland Dividend Growth Fund | Technology Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ○ | Technology
Sector Risk: To the extent that the technology sector represents a significant portion
of the investments of the Fund, the Fund will be sensitive to changes in, and its performance
may depend to a greater extent on, factors impacting this sector. Technology companies face
intense competition, both domestically and internationally, which may have an adverse effect
on their profit margins. Technology companies may have limited product lines, markets, financial
resources or personnel. The products of technology companies may face obsolescence due to
rapid technological developments, frequent new product introduction, unpredictable changes
in growth rates and competition for the services of qualified personnel. Companies in the
technology sector may heavily depend on patent and intellectual property rights. The loss
or impairment of these rights may adversely affect the profitability of these companies. |
|
| Copeland Dividend Growth Fund | Small And Medium Capitalization Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small
and Medium Capitalization Risk: The value of a small or medium capitalization company
securities may be subject to more abrupt or erratic market movements than those of larger,
more established companies or the market averages in general. Small cap companies may have
limited product lines or markets, be less financially secure than larger companies, or depend
on a small number of key personnel. If adverse developments occur, due to management changes
or product failures, for instance, the Fund’s investment in a small cap company may
lose substantial value. |
|
| Copeland International Small Cap Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
As with all mutual funds, there is the risk that you could lose money through your investment in the Fund. Many factors
affect the Fund’s net asset value and performance. Each risk summarized below is considered a “principal risk” of investing
in the Fund, regardless of the order in which it appears. Different risks may be more significant at different times depending on market
conditions and other factors.
| ● | Foreign
Investing Risk: Investments in foreign countries are subject to country-specific risks
such as political, diplomatic, regional conflicts, terrorism, war, social and economic instability
and policies that have the effect of decreasing the value of foreign securities. Foreign
investments may experience greater volatility than U.S. investments. Currency hedging transactions
may not perfectly offset the Fund’s foreign currency exposure and entail additional
trading commissions and fees. |
| ● | Small
Capitalization Stock Risk: The value of small capitalization company securities may be
subject to more abrupt or erratic market movements than those of larger, more established
companies or the market averages in general. Small cap companies may have limited
product lines or markets, be less financially secure than larger companies, or depend on
a small number of key personnel. If adverse developments occur, such as due to management
changes or product failures, the Fund’s investment in a small cap company may lose
substantial value. |
| ● | Dividend-Paying
Stock Risk: The Fund’s emphasis on dividend-paying stocks could cause the Fund to
underperform similar funds that invest without consideration of a company’s track record
of paying dividends. Stocks of companies with a history of paying dividends may not participate
in a broad market advance to the same degree as most other stocks, and a sharp rise in interest
rates or economic downturn could cause a company to unexpectedly reduce or eliminate its
dividend. If the amount a company pays out as a dividend exceeds its earnings and profits,
the excess will be first treated as a return of capital and the Fund’s tax basis in
the stock will be reduced. A reduction in the Fund’s tax basis in such stock will increase
the amount of capital gain (or decrease the amount of capital loss) recognized by the Fund
on a subsequent sale of the stock. |
| ● | Style
Risk: If at any time the market is not favoring the Fund’s dividend growth investment
style, the Fund’s gains may not be as big as, or its losses may be bigger than, those
of other equity funds using different investment styles. |
| ● | Issuer-Specific
Risk: The value of a specific security can be more volatile than the market as a whole
and may perform worse than the market as a whole. |
| ● | Large
Shareholder Risk: From time to time, shareholders of the Fund (which may include institutional
investors or financial intermediaries acting on behalf of their clients) may make relatively
large redemptions or purchases of the Fund’s shares. These transactions may, among
other things, cause the Fund to sell securities or invest additional cash, as the case may
be, at disadvantageous prices. There could be adverse effects on the Fund’s performance
to the extent that the Fund may be required to sell securities or invest cash at times it
would not otherwise do so. Selling portfolio securities to meet a large redemption request
also may increase transaction costs or have adverse tax consequences for Fund shareholders.
In addition, a large redemption could result in the Fund’s current expenses being allocated
over a smaller asset base, leading to an increase in the Fund’s expense ratio. |
| ● | Management
Risk: The adviser’s dependence on its dividend growth strategy and judgments about
the attractiveness, value and potential appreciation of particular securities in which the
Fund invests may prove incorrect and may not produce the desired results. |
| ● | Market
Risk: Overall securities market risks may affect the value of individual securities in
which the Fund invests. Factors such as foreign and domestic economic growth and market conditions,
interest rate levels, trade disputes and political events affect the securities markets.
Natural disasters, public health emergencies (including pandemics and epidemics such as COVID-19),
domestic political divisiveness in the United States, global conflict and war, military conflict,
climate change, terrorism and other unforeseeable events that adversely affect individual
companies, industries, sectors, and/or segments of the market, may lead to instability in
world economies and markets and may have negative long-term effects. Increasingly strained
relations between the U.S. and foreign countries, including as a result of economic sanctions
and tariffs, may also adversely affect U.S. issuers, as well as non-U.S. issuers. The Fund
cannot predict the effects of such events on the economy, the markets or the Fund’s
investments. |
| ● | Country
Risk: Potentially adverse political economic or other conditions of a country in which
the Fund invests may pose additional risks to the Fund’s investments in that country. |
| ○ | Japan
Risk: The Japanese economy is heavily dependent upon international trade and may be subject
to considerable degrees of economic, political and social instability, which could negatively
impact the Fund. The Japanese yen has fluctuated widely during certain periods of time and
may be affected by currency volatility elsewhere in Asia, especially Southeast Asia. In addition,
the yen has had a history of unpredictable movements relative to the U.S. dollar. The performance
of the global economy could have a major impact upon equity returns in Japan. Since the mid-2000s,
Japan’s economic growth has remained relatively low. A recent economic recession was
likely compounded by an unstable financial sector, low domestic consumption, and certain
corporate structural weaknesses, which remain some of the major issues facing the Japanese
economy. Japan has also experienced natural disasters such as earthquakes and tidal waves,
of varying degrees of severity, which could negatively impact the Fund. |
| ● | Emerging
Market Risk: The Fund may invest in countries with newly organized or less developed
securities markets, but it will not be a significant part of the strategy. There are typically
greater risks involved in investing in emerging markets securities. Generally, economic structures
in these countries are less diverse and mature than those in developed countries and their
political systems tend to be less stable. Emerging market economies may be based on only
a few industries, therefore security issuers, including governments, may be more susceptible
to economic weakness and more likely to default. Emerging market countries also may have
relatively unstable governments, weaker economies, and less-developed legal systems with
fewer security holder rights. Companies in emerging market countries generally may be subject
to less stringent regulatory, disclosure, financial reporting, accounting, auditing and recordkeeping
standards than companies in more developed countries. As a result, information, including
financial information, about such companies may be less available and reliable, which can
impede the Fund’s ability to evaluate such companies. Investments in emerging markets
countries may be affected by government policies that restrict foreign investment in certain
issuers or industries. The potentially smaller size of their securities markets and lower
trading volumes can make investments relatively illiquid and potentially more volatile than
investments in developed countries, and such securities may be subject to abrupt and severe
price declines. Due to this relative lack of liquidity, the Fund may have to accept a lower
price or may not be able to sell a portfolio security at all. An inability to sell a portfolio
position can adversely affect the Fund’s value or prevent the Fund from being able to
meet cash obligations or take advantage of other investment opportunities. |
| ● | ADRs
Risk: ADRs may be subject to some of the same risks as direct investment in foreign companies,
which includes international trade, currency, political, regulatory and diplomatic risks.
In a sponsored ADR arrangement, the foreign issuer assumes the obligation to pay some or
all of the depositary’s transaction fees. Under an unsponsored ADR arrangement, the
foreign issuer assumes no obligations and the depositary’s transaction fees are paid
directly by the ADR holders. Because unsponsored ADR arrangements are organized independently
and without the cooperation of the issuer of the underlying securities, available information
concerning the foreign issuer may not be as current as for sponsored ADRs and voting rights
with respect to the deposited securities that are not passed through. |
| ● | REIT
Risk: An equity REIT’s performance depends on the types and locations of the rental
properties it owns and on how well it manages those properties. Real estate values rise and
fall in response to a variety of factors, including local, regional and national economic
conditions, changes in interest rates and property taxes. |
| ● | Sector
Risk: The Fund may focus its investments on securities of a particular sector. Economic,
legislative or regulatory developments may occur that significantly affect the sector. This
may cause the Fund’s net asset value to fluctuate more than that of a fund that does
not focus in a particular sector. |
| ○ | Industrials
Sector Risk: The industrials sector is subject to risks related to general economic conditions,
changes in interest rates, commodity and energy prices, and the pace of infrastructure and
capital spending. Companies in the industrials sector may be adversely affected by manufacturing
and supply chain disruptions, fluctuations in demand for transportation and logistics services,
labor shortages and rising labor costs, and changes in government regulation and spending
priorities (including defense spending). Many industrial companies are also exposed to risks
associated with international trade, including tariffs, sanctions, and other barriers to
trade, as well as currency fluctuations and geopolitical events. In addition, industrial
companies may be subject to significant competition and rapid technological change, and may
be affected by product liability claims, environmental liabilities, and catastrophic events
such as natural disasters. |
| ● | MLP
Risk: Holders of MLP units have limited control and voting rights on matters affecting
the partnership. In addition, there are certain tax risks associated with an investment in
MLP units and conflicts of interest exist between common unit holders and the general partner,
including those arising from incentive distribution payments. Additional risks include the
following. The volatility in commodity prices may lead to the fluctuation in production or
supply of those commodities. A decrease in the production of natural gas, natural gas liquids,
crude oil, coal or other energy commodities or a decrease in the volume of such commodities
available for transportation, mining, processing, storage or distribution may adversely impact
the financial performance of MLPs. |
| ● | Cyber
Security Risk: Cyber security risk is the risk of an unauthorized breach and access to
Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, or the risk of an incident occurring that causes the Fund, the adviser, custodian,
transfer agent, distributor and other service providers and financial intermediaries to suffer
data breaches, data corruption or lose operational functionality or prevent Fund investors
from purchasing, redeeming or exchanging shares or receiving distributions. The Fund and
its adviser have limited ability to prevent or mitigate cyber security incidents affecting
third-party service providers. Successful cyber-attacks or other cyber-failures or events
affecting the Fund or its service providers may adversely impact and cause financial losses
to the Fund or its shareholders. |
|
| Copeland International Small Cap Fund | Dividend Paying Stock Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Dividend-Paying
Stock Risk: The Fund’s emphasis on dividend-paying stocks could cause the Fund to
underperform similar funds that invest without consideration of a company’s track record
of paying dividends. Stocks of companies with a history of paying dividends may not participate
in a broad market advance to the same degree as most other stocks, and a sharp rise in interest
rates or economic downturn could cause a company to unexpectedly reduce or eliminate its
dividend. If the amount a company pays out as a dividend exceeds its earnings and profits,
the excess will be first treated as a return of capital and the Fund’s tax basis in
the stock will be reduced. A reduction in the Fund’s tax basis in such stock will increase
the amount of capital gain (or decrease the amount of capital loss) recognized by the Fund
on a subsequent sale of the stock. |
|
| Copeland International Small Cap Fund | Style Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Style
Risk: If at any time the market is not favoring the Fund’s dividend growth investment
style, the Fund’s gains may not be as big as, or its losses may be bigger than, those
of other equity funds using different investment styles. |
|
| Copeland International Small Cap Fund | Issuer Specific Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Issuer-Specific
Risk: The value of a specific security can be more volatile than the market as a whole
and may perform worse than the market as a whole. |
|
| Copeland International Small Cap Fund | Large Shareholder Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Large
Shareholder Risk: From time to time, shareholders of the Fund (which may include institutional
investors or financial intermediaries acting on behalf of their clients) may make relatively
large redemptions or purchases of the Fund’s shares. These transactions may, among
other things, cause the Fund to sell securities or invest additional cash, as the case may
be, at disadvantageous prices. There could be adverse effects on the Fund’s performance
to the extent that the Fund may be required to sell securities or invest cash at times it
would not otherwise do so. Selling portfolio securities to meet a large redemption request
also may increase transaction costs or have adverse tax consequences for Fund shareholders.
In addition, a large redemption could result in the Fund’s current expenses being allocated
over a smaller asset base, leading to an increase in the Fund’s expense ratio. |
|
| Copeland International Small Cap Fund | Management Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Management
Risk: The adviser’s dependence on its dividend growth strategy and judgments about
the attractiveness, value and potential appreciation of particular securities in which the
Fund invests may prove incorrect and may not produce the desired results. |
|
| Copeland International Small Cap Fund | Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Market
Risk: Overall securities market risks may affect the value of individual securities in
which the Fund invests. Factors such as foreign and domestic economic growth and market conditions,
interest rate levels, trade disputes and political events affect the securities markets.
Natural disasters, public health emergencies (including pandemics and epidemics such as COVID-19),
domestic political divisiveness in the United States, global conflict and war, military conflict,
climate change, terrorism and other unforeseeable events that adversely affect individual
companies, industries, sectors, and/or segments of the market, may lead to instability in
world economies and markets and may have negative long-term effects. Increasingly strained
relations between the U.S. and foreign countries, including as a result of economic sanctions
and tariffs, may also adversely affect U.S. issuers, as well as non-U.S. issuers. The Fund
cannot predict the effects of such events on the economy, the markets or the Fund’s
investments. |
|
| Copeland International Small Cap Fund | M L P Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | MLP
Risk: Holders of MLP units have limited control and voting rights on matters affecting
the partnership. In addition, there are certain tax risks associated with an investment in
MLP units and conflicts of interest exist between common unit holders and the general partner,
including those arising from incentive distribution payments. Additional risks include the
following. The volatility in commodity prices may lead to the fluctuation in production or
supply of those commodities. A decrease in the production of natural gas, natural gas liquids,
crude oil, coal or other energy commodities or a decrease in the volume of such commodities
available for transportation, mining, processing, storage or distribution may adversely impact
the financial performance of MLPs. |
|
| Copeland International Small Cap Fund | R E I T Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | REIT
Risk: An equity REIT’s performance depends on the types and locations of the rental
properties it owns and on how well it manages those properties. Real estate values rise and
fall in response to a variety of factors, including local, regional and national economic
conditions, changes in interest rates and property taxes. |
|
| Copeland International Small Cap Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk: The Fund may focus its investments on securities of a particular sector. Economic,
legislative or regulatory developments may occur that significantly affect the sector. This
may cause the Fund’s net asset value to fluctuate more than that of a fund that does
not focus in a particular sector. |
| ○ | Industrials
Sector Risk: The industrials sector is subject to risks related to general economic conditions,
changes in interest rates, commodity and energy prices, and the pace of infrastructure and
capital spending. Companies in the industrials sector may be adversely affected by manufacturing
and supply chain disruptions, fluctuations in demand for transportation and logistics services,
labor shortages and rising labor costs, and changes in government regulation and spending
priorities (including defense spending). Many industrial companies are also exposed to risks
associated with international trade, including tariffs, sanctions, and other barriers to
trade, as well as currency fluctuations and geopolitical events. In addition, industrial
companies may be subject to significant competition and rapid technological change, and may
be affected by product liability claims, environmental liabilities, and catastrophic events
such as natural disasters. |
|
| Copeland International Small Cap Fund | Industrials Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ○ | Industrials
Sector Risk: The industrials sector is subject to risks related to general economic conditions,
changes in interest rates, commodity and energy prices, and the pace of infrastructure and
capital spending. Companies in the industrials sector may be adversely affected by manufacturing
and supply chain disruptions, fluctuations in demand for transportation and logistics services,
labor shortages and rising labor costs, and changes in government regulation and spending
priorities (including defense spending). Many industrial companies are also exposed to risks
associated with international trade, including tariffs, sanctions, and other barriers to
trade, as well as currency fluctuations and geopolitical events. In addition, industrial
companies may be subject to significant competition and rapid technological change, and may
be affected by product liability claims, environmental liabilities, and catastrophic events
such as natural disasters. |
|
| Copeland International Small Cap Fund | Cyber Security Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Cyber
Security Risk: Cyber security risk is the risk of an unauthorized breach and access to
Fund assets, Fund or customer data (including private shareholder information), or proprietary
information, or the risk of an incident occurring that causes the Fund, the adviser, custodian,
transfer agent, distributor and other service providers and financial intermediaries to suffer
data breaches, data corruption or lose operational functionality or prevent Fund investors
from purchasing, redeeming or exchanging shares or receiving distributions. The Fund and
its adviser have limited ability to prevent or mitigate cyber security incidents affecting
third-party service providers. Successful cyber-attacks or other cyber-failures or events
affecting the Fund or its service providers may adversely impact and cause financial losses
to the Fund or its shareholders. |
|
| Copeland International Small Cap Fund | Foreign Investing Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Foreign
Investing Risk: Investments in foreign countries are subject to country-specific risks
such as political, diplomatic, regional conflicts, terrorism, war, social and economic instability
and policies that have the effect of decreasing the value of foreign securities. Foreign
investments may experience greater volatility than U.S. investments. Currency hedging transactions
may not perfectly offset the Fund’s foreign currency exposure and entail additional
trading commissions and fees. |
|
| Copeland International Small Cap Fund | Small Capitalization Stock Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small
Capitalization Stock Risk: The value of small capitalization company securities may be
subject to more abrupt or erratic market movements than those of larger, more established
companies or the market averages in general. Small cap companies may have limited
product lines or markets, be less financially secure than larger companies, or depend on
a small number of key personnel. If adverse developments occur, such as due to management
changes or product failures, the Fund’s investment in a small cap company may lose
substantial value. |
|
| Copeland International Small Cap Fund | Country Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Country
Risk: Potentially adverse political economic or other conditions of a country in which
the Fund invests may pose additional risks to the Fund’s investments in that country. |
| ○ | Japan
Risk: The Japanese economy is heavily dependent upon international trade and may be subject
to considerable degrees of economic, political and social instability, which could negatively
impact the Fund. The Japanese yen has fluctuated widely during certain periods of time and
may be affected by currency volatility elsewhere in Asia, especially Southeast Asia. In addition,
the yen has had a history of unpredictable movements relative to the U.S. dollar. The performance
of the global economy could have a major impact upon equity returns in Japan. Since the mid-2000s,
Japan’s economic growth has remained relatively low. A recent economic recession was
likely compounded by an unstable financial sector, low domestic consumption, and certain
corporate structural weaknesses, which remain some of the major issues facing the Japanese
economy. Japan has also experienced natural disasters such as earthquakes and tidal waves,
of varying degrees of severity, which could negatively impact the Fund. |
|
| Copeland International Small Cap Fund | Japan Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ○ | Japan
Risk: The Japanese economy is heavily dependent upon international trade and may be subject
to considerable degrees of economic, political and social instability, which could negatively
impact the Fund. The Japanese yen has fluctuated widely during certain periods of time and
may be affected by currency volatility elsewhere in Asia, especially Southeast Asia. In addition,
the yen has had a history of unpredictable movements relative to the U.S. dollar. The performance
of the global economy could have a major impact upon equity returns in Japan. Since the mid-2000s,
Japan’s economic growth has remained relatively low. A recent economic recession was
likely compounded by an unstable financial sector, low domestic consumption, and certain
corporate structural weaknesses, which remain some of the major issues facing the Japanese
economy. Japan has also experienced natural disasters such as earthquakes and tidal waves,
of varying degrees of severity, which could negatively impact the Fund. |
|
| Copeland International Small Cap Fund | Emerging Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Emerging
Market Risk: The Fund may invest in countries with newly organized or less developed
securities markets, but it will not be a significant part of the strategy. There are typically
greater risks involved in investing in emerging markets securities. Generally, economic structures
in these countries are less diverse and mature than those in developed countries and their
political systems tend to be less stable. Emerging market economies may be based on only
a few industries, therefore security issuers, including governments, may be more susceptible
to economic weakness and more likely to default. Emerging market countries also may have
relatively unstable governments, weaker economies, and less-developed legal systems with
fewer security holder rights. Companies in emerging market countries generally may be subject
to less stringent regulatory, disclosure, financial reporting, accounting, auditing and recordkeeping
standards than companies in more developed countries. As a result, information, including
financial information, about such companies may be less available and reliable, which can
impede the Fund’s ability to evaluate such companies. Investments in emerging markets
countries may be affected by government policies that restrict foreign investment in certain
issuers or industries. The potentially smaller size of their securities markets and lower
trading volumes can make investments relatively illiquid and potentially more volatile than
investments in developed countries, and such securities may be subject to abrupt and severe
price declines. Due to this relative lack of liquidity, the Fund may have to accept a lower
price or may not be able to sell a portfolio security at all. An inability to sell a portfolio
position can adversely affect the Fund’s value or prevent the Fund from being able to
meet cash obligations or take advantage of other investment opportunities. |
|
| Copeland International Small Cap Fund | A D Rs Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | ADRs
Risk: ADRs may be subject to some of the same risks as direct investment in foreign companies,
which includes international trade, currency, political, regulatory and diplomatic risks.
In a sponsored ADR arrangement, the foreign issuer assumes the obligation to pay some or
all of the depositary’s transaction fees. Under an unsponsored ADR arrangement, the
foreign issuer assumes no obligations and the depositary’s transaction fees are paid
directly by the ADR holders. Because unsponsored ADR arrangements are organized independently
and without the cooperation of the issuer of the underlying securities, available information
concerning the foreign issuer may not be as current as for sponsored ADRs and voting rights
with respect to the deposited securities that are not passed through. |
|