Investment Risks
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Mar. 27, 2026 |
| North Star Micro Cap Fund |
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| Prospectus [Line Items] |
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| Risk [Text Block] |
Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Micro
Cap Fund. The principal risks of investing in the Micro Cap Fund are:
| ● | Equity
Securities Risk. The Micro Cap Fund invests in common stock which subjects the Fund and
its shareholders to the risks associated with common stock investing. Overall stock market
risks may affect the value of the Micro Cap Fund. Factors such as domestic economic growth
and market conditions, interest rate levels, and political events affect the securities markets.
When the value of the Micro Cap Fund’s investments goes down, your investment in the
Fund decreases in value and you could lose money. |
| ● | General
Market Risk. The risk that the value of the Micro Cap Fund’s shares will fluctuate
based on the performance of the Micro Cap Fund’s investments and other factors affecting
the securities markets generally. Domestic and foreign economic growth and market conditions,
interest rate levels, political events, terrorism, war, natural disasters, disease/virus
epidemics and other events are among the factors affecting the securities markets in which
the Micro Cap Fund invests. There is risk that these and other factors may adversely affect
the Micro Cap Fund’s performance. You could lose money by investing in the Micro Cap
Fund. |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
| ● | Small-
and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies
may be more volatile and less liquid than the securities of companies with larger market
capitalizations. These small-cap companies may not have the management experience, financial
resources, product diversification and competitive strengths of large or mid-cap companies,
and, therefore, their securities tend to be more volatile than the securities of larger,
more established companies. |
| ● | Value
Style Investing Risk. The Adviser follows an investing style that favors value investments.
The value investing style may over time go in and out of favor. At times when the value investing
style is out of favor, the Micro Cap Fund may underperform other funds that use different
investing styles. |
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| North Star Micro Cap Fund | Equity Securities Risk [Member] |
|
| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Equity
Securities Risk. The Micro Cap Fund invests in common stock which subjects the Fund and
its shareholders to the risks associated with common stock investing. Overall stock market
risks may affect the value of the Micro Cap Fund. Factors such as domestic economic growth
and market conditions, interest rate levels, and political events affect the securities markets.
When the value of the Micro Cap Fund’s investments goes down, your investment in the
Fund decreases in value and you could lose money. |
|
| North Star Micro Cap Fund | General Market Risk [Member] |
|
| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | General
Market Risk. The risk that the value of the Micro Cap Fund’s shares will fluctuate
based on the performance of the Micro Cap Fund’s investments and other factors affecting
the securities markets generally. Domestic and foreign economic growth and market conditions,
interest rate levels, political events, terrorism, war, natural disasters, disease/virus
epidemics and other events are among the factors affecting the securities markets in which
the Micro Cap Fund invests. There is risk that these and other factors may adversely affect
the Micro Cap Fund’s performance. You could lose money by investing in the Micro Cap
Fund. |
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| North Star Micro Cap Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
|
| North Star Micro Cap Fund | Small And Microcap Company Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small-
and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies
may be more volatile and less liquid than the securities of companies with larger market
capitalizations. These small-cap companies may not have the management experience, financial
resources, product diversification and competitive strengths of large or mid-cap companies,
and, therefore, their securities tend to be more volatile than the securities of larger,
more established companies. |
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| North Star Micro Cap Fund | Value Style Investing Risk [Member] |
|
| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Value
Style Investing Risk. The Adviser follows an investing style that favors value investments.
The value investing style may over time go in and out of favor. At times when the value investing
style is out of favor, the Micro Cap Fund may underperform other funds that use different
investing styles. |
|
| North Star Dividend Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Dividend
Fund. The principal risks of investing in the Dividend Fund are:
| ● | Equity
Securities Risk. The Dividend Fund invests in common stock which subjects the Fund and
its shareholders to the risks associated with common stock investing. Overall stock market
risks may affect the value of the Dividend Fund. Factors such as domestic economic growth
and market conditions, interest rate levels, and political events affect the securities markets.
When the value of the Dividend Fund’s investments goes down, your investment in the
Fund decreases in value and you could lose money. |
| ● | General
Market Risk. The risk that the value of the Dividend Fund’s shares will fluctuate
based on the performance of the Dividend Fund’s investments and other factors affecting
the securities markets generally. Domestic and foreign economic growth and market conditions,
interest rate levels, political events, terrorism, war, natural disasters, disease/virus
epidemics and other events are among the factors affecting the securities markets in which
the Dividend Fund invests. There is risk that these and other factors may adversely affect
the Dividend Fund’s performance. You could lose money by investing in the Dividend
Fund. |
| ● | Mid-Capitalization
Company Risk. The risk that the mid-cap companies in which the Dividend Fund may invest
may be more vulnerable to adverse business or economic events than larger, more established
companies. In particular, these mid-sized companies may pose additional risks, including
liquidity risk, because these companies tend to have limited product lines, markets and financial
resources, and may depend upon a relatively small management group. Therefore, mid-cap stocks
may be more volatile than those of larger companies. |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
| ● | Smaller
Capitalization Risk. Smaller capitalization companies may have a narrower geographic
and product/service focus and be less well known to the investment community, resulting in
more volatile share prices and a lack of market liquidity. |
| ● | Value
Style Investing Risk. The Adviser follows an investing style that favors value investments.
The value investing style may over time go in and out of favor. At times when the value investing
style is out of favor, the Dividend Fund may underperform other funds that use different
investing styles. |
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| North Star Dividend Fund | Equity Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Equity
Securities Risk. The Dividend Fund invests in common stock which subjects the Fund and
its shareholders to the risks associated with common stock investing. Overall stock market
risks may affect the value of the Dividend Fund. Factors such as domestic economic growth
and market conditions, interest rate levels, and political events affect the securities markets.
When the value of the Dividend Fund’s investments goes down, your investment in the
Fund decreases in value and you could lose money. |
|
| North Star Dividend Fund | General Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | General
Market Risk. The risk that the value of the Dividend Fund’s shares will fluctuate
based on the performance of the Dividend Fund’s investments and other factors affecting
the securities markets generally. Domestic and foreign economic growth and market conditions,
interest rate levels, political events, terrorism, war, natural disasters, disease/virus
epidemics and other events are among the factors affecting the securities markets in which
the Dividend Fund invests. There is risk that these and other factors may adversely affect
the Dividend Fund’s performance. You could lose money by investing in the Dividend
Fund. |
|
| North Star Dividend Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
|
| North Star Dividend Fund | Value Style Investing Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Value
Style Investing Risk. The Adviser follows an investing style that favors value investments.
The value investing style may over time go in and out of favor. At times when the value investing
style is out of favor, the Dividend Fund may underperform other funds that use different
investing styles. |
|
| North Star Dividend Fund | Midcapitalization Company Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Mid-Capitalization
Company Risk. The risk that the mid-cap companies in which the Dividend Fund may invest
may be more vulnerable to adverse business or economic events than larger, more established
companies. In particular, these mid-sized companies may pose additional risks, including
liquidity risk, because these companies tend to have limited product lines, markets and financial
resources, and may depend upon a relatively small management group. Therefore, mid-cap stocks
may be more volatile than those of larger companies. |
|
| North Star Dividend Fund | Smaller Capitalization Risk [Member] |
|
| Prospectus [Line Items] |
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| Risk [Text Block] |
| ● | Smaller
Capitalization Risk. Smaller capitalization companies may have a narrower geographic
and product/service focus and be less well known to the investment community, resulting in
more volatile share prices and a lack of market liquidity. |
|
| North Star Opportunity Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Opportunity
Fund. The principal risks of investing in the Opportunity Fund are:
| ● | ADR
Risk. ADRs have the same currency and economic risks as the underlying non-U.S. shares
they represent. They are affected by the risks associated with non-U.S. securities, such
as changes in political or economic conditions of other countries and changes in the exchange
rates of foreign currencies. In addition, investments in ADRs may be less liquid than the
underlying securities in their primary trading market. |
| ● | Convertible
and Preferred Securities Risk. Convertible and preferred securities have many of the
same characteristics as stocks, including many of the same risks. In addition, convertible
securities may be more sensitive to changes in interest rates than stocks. Convertible securities
are subject to credit risk and prepayment risk. Credit risk is the risk that a decline in
the credit quality of an investment could cause the Opportunity Fund to lose money. Prepayment
risk is the risk that, in a declining interest rate environment, securities with stated interest
rates may have the principal paid earlier than expected, requiring the Opportunity Fund to
invest the proceeds at generally lower interest rates. Preferred stocks are nonvoting equity
securities that pay a stated fixed or variable rate dividend. Due to their fixed income features,
preferred stocks provide higher income potential than issuers’ common stocks, but are
typically more sensitive to interest rate changes than an underlying common stock. Preferred
stocks are also subject to equity market risk, which is the risk that stock prices will fluctuate
and can decline and reduce the value of the Opportunity Fund’s investment. The rights
of preferred stocks on the distribution of a corporation’s assets in the event of a
liquidation are generally subordinate to the rights associated with a corporation’s
debt securities. Preferred stock may also be subject to prepayment risk, which is discussed
above. |
| ● | Credit
Risk. An issue or guarantor of a debt security, or the counterparty to a derivatives
contract or a loan may fail to make timely payment of interest or principal or otherwise
honor its obligations. A decline in an issuer’s credit rating for any reason can cause
the price of its bonds to go down. Since the Opportunity Fund can invest in lower-quality
debt securities considered speculative in nature, this risk may be substantial. |
| ● | Equity
Securities Risk. The Opportunity Fund invests in common stock which subjects the Fund
and its shareholders to the risks associated with common stock investing. Overall stock market
risks may affect the value of the Opportunity Fund. Factors such as domestic economic growth
and market conditions, interest rate levels, and political events affect the securities markets.
When the value of the Opportunity Fund’s investments goes down, your investment in
the Fund decreases in value and you could lose money. |
| ● | Fixed
Income Securities Risk. Fixed income securities are subject to the risk that securities
could lose value because of interest rate changes. Fixed income securities with longer maturities
are subject to greater price shifts as a result of interest rate changes than fixed income
securities with shorter maturities. Fixed income securities are also subject to prepayment
and credit risks. |
| ● | Flexible
Strategy Risk. The Opportunity Fund uses a variety of investment strategies to provide
a positive total return regardless of market conditions. The Adviser does not attempt to
keep the portfolio structure or the Opportunity Fund’s performance consistent with
any designated stock, bond or market index, and during times of market rallies, the Opportunity
Fund may not perform as well as other funds that seek to outperform an index. Over time,
the investment performance of flexible strategies is typically substantially independent
of longer-term movements in the stock and bond market. Interest rate levels and currency
valuations will not always respond as the Adviser expects and portfolio securities may remain
over- or under-valued. |
| ● | Foreign
Securities and Currency Risk. The risk of investments in foreign companies involve certain
risks not generally associated with investments in the securities of U.S. companies, including
changes in currency exchange rates, unstable political, social and economic conditions, a
lack of adequate or accurate company information, differences in the way securities markets
operate, less secure international banks or securities depositories than those in the U.S.
and foreign controls on investment. In addition, individual international country economies
may differ favorably or unfavorably from the U.S. economy in such respects as growth of gross
domestic product, rates of inflation, capital reinvestment, resources, self-sufficiency and
balance of payments position. These risks may be greater in emerging markets and in less
developed countries. |
| ● | General
Market Risk. The risk that the value of the Opportunity Fund’s shares will fluctuate
based on the performance of the Opportunity Fund’s investments and other factors affecting
the securities markets generally. Domestic and foreign economic growth and market conditions,
interest rate levels, political events, terrorism, war, natural disasters, disease/virus
epidemics and other events are among the factors affecting the securities markets in which
the Opportunity Fund invests. There is risk that these and other factors may adversely affect
the Opportunity Fund’s performance. You could lose money by investing in the Opportunity
Fund. |
| ● | High-Yield
Debt Securities Risk. The risk that high-yield debt securities or “junk bonds”
are subject to a greater risk of loss of income and principal than higher-grade debt securities,
and are speculative in nature. Issuers of junk bonds are often highly leveraged and are more
vulnerable to changes in the economy. |
| ● | Large-Cap
Company Risk. The risk that larger, more established companies may be unable to respond
quickly to new competitive challenges such as changes in consumer tastes or innovative smaller
competitors. |
| ● | Municipal
Securities Risk. Municipal securities are subject to credit risk where a municipal issuer
of a security might not make interest and principal payments on a security as they come due.
A downgrade in the issuer’s or security’s credit rating can reduce the market
value of the security. Municipal securities are also subject to interest rate risk. |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
| ● | Small-
and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies
may be more volatile and less liquid than the securities of companies with larger market
capitalizations. These small-cap companies may not have the management experience, financial
resources, product diversification and competitive strengths of large- or mid-cap companies,
and, therefore, their securities tend to be more volatile than the securities of larger,
more established companies. |
|
| North Star Opportunity Fund | Equity Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Equity
Securities Risk. The Opportunity Fund invests in common stock which subjects the Fund
and its shareholders to the risks associated with common stock investing. Overall stock market
risks may affect the value of the Opportunity Fund. Factors such as domestic economic growth
and market conditions, interest rate levels, and political events affect the securities markets.
When the value of the Opportunity Fund’s investments goes down, your investment in
the Fund decreases in value and you could lose money. |
|
| North Star Opportunity Fund | General Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | General
Market Risk. The risk that the value of the Opportunity Fund’s shares will fluctuate
based on the performance of the Opportunity Fund’s investments and other factors affecting
the securities markets generally. Domestic and foreign economic growth and market conditions,
interest rate levels, political events, terrorism, war, natural disasters, disease/virus
epidemics and other events are among the factors affecting the securities markets in which
the Opportunity Fund invests. There is risk that these and other factors may adversely affect
the Opportunity Fund’s performance. You could lose money by investing in the Opportunity
Fund. |
|
| North Star Opportunity Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
|
| North Star Opportunity Fund | Small And Microcap Company Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small-
and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies
may be more volatile and less liquid than the securities of companies with larger market
capitalizations. These small-cap companies may not have the management experience, financial
resources, product diversification and competitive strengths of large- or mid-cap companies,
and, therefore, their securities tend to be more volatile than the securities of larger,
more established companies. |
|
| North Star Opportunity Fund | Adr Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | ADR
Risk. ADRs have the same currency and economic risks as the underlying non-U.S. shares
they represent. They are affected by the risks associated with non-U.S. securities, such
as changes in political or economic conditions of other countries and changes in the exchange
rates of foreign currencies. In addition, investments in ADRs may be less liquid than the
underlying securities in their primary trading market. |
|
| North Star Opportunity Fund | Convertible And Preferred Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Convertible
and Preferred Securities Risk. Convertible and preferred securities have many of the
same characteristics as stocks, including many of the same risks. In addition, convertible
securities may be more sensitive to changes in interest rates than stocks. Convertible securities
are subject to credit risk and prepayment risk. Credit risk is the risk that a decline in
the credit quality of an investment could cause the Opportunity Fund to lose money. Prepayment
risk is the risk that, in a declining interest rate environment, securities with stated interest
rates may have the principal paid earlier than expected, requiring the Opportunity Fund to
invest the proceeds at generally lower interest rates. Preferred stocks are nonvoting equity
securities that pay a stated fixed or variable rate dividend. Due to their fixed income features,
preferred stocks provide higher income potential than issuers’ common stocks, but are
typically more sensitive to interest rate changes than an underlying common stock. Preferred
stocks are also subject to equity market risk, which is the risk that stock prices will fluctuate
and can decline and reduce the value of the Opportunity Fund’s investment. The rights
of preferred stocks on the distribution of a corporation’s assets in the event of a
liquidation are generally subordinate to the rights associated with a corporation’s
debt securities. Preferred stock may also be subject to prepayment risk, which is discussed
above. |
|
| North Star Opportunity Fund | Credit Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Credit
Risk. An issue or guarantor of a debt security, or the counterparty to a derivatives
contract or a loan may fail to make timely payment of interest or principal or otherwise
honor its obligations. A decline in an issuer’s credit rating for any reason can cause
the price of its bonds to go down. Since the Opportunity Fund can invest in lower-quality
debt securities considered speculative in nature, this risk may be substantial. |
|
| North Star Opportunity Fund | Fixed Income Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Fixed
Income Securities Risk. Fixed income securities are subject to the risk that securities
could lose value because of interest rate changes. Fixed income securities with longer maturities
are subject to greater price shifts as a result of interest rate changes than fixed income
securities with shorter maturities. Fixed income securities are also subject to prepayment
and credit risks. |
|
| North Star Opportunity Fund | Flexible Strategy Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Flexible
Strategy Risk. The Opportunity Fund uses a variety of investment strategies to provide
a positive total return regardless of market conditions. The Adviser does not attempt to
keep the portfolio structure or the Opportunity Fund’s performance consistent with
any designated stock, bond or market index, and during times of market rallies, the Opportunity
Fund may not perform as well as other funds that seek to outperform an index. Over time,
the investment performance of flexible strategies is typically substantially independent
of longer-term movements in the stock and bond market. Interest rate levels and currency
valuations will not always respond as the Adviser expects and portfolio securities may remain
over- or under-valued. |
|
| North Star Opportunity Fund | Foreign Securities And Currency Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Foreign
Securities and Currency Risk. The risk of investments in foreign companies involve certain
risks not generally associated with investments in the securities of U.S. companies, including
changes in currency exchange rates, unstable political, social and economic conditions, a
lack of adequate or accurate company information, differences in the way securities markets
operate, less secure international banks or securities depositories than those in the U.S.
and foreign controls on investment. In addition, individual international country economies
may differ favorably or unfavorably from the U.S. economy in such respects as growth of gross
domestic product, rates of inflation, capital reinvestment, resources, self-sufficiency and
balance of payments position. These risks may be greater in emerging markets and in less
developed countries. |
|
| North Star Opportunity Fund | Highyield Debt Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | High-Yield
Debt Securities Risk. The risk that high-yield debt securities or “junk bonds”
are subject to a greater risk of loss of income and principal than higher-grade debt securities,
and are speculative in nature. Issuers of junk bonds are often highly leveraged and are more
vulnerable to changes in the economy. |
|
| North Star Opportunity Fund | Largecap Company Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Large-Cap
Company Risk. The risk that larger, more established companies may be unable to respond
quickly to new competitive challenges such as changes in consumer tastes or innovative smaller
competitors. |
|
| North Star Opportunity Fund | Municipal Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Municipal
Securities Risk. Municipal securities are subject to credit risk where a municipal issuer
of a security might not make interest and principal payments on a security as they come due.
A downgrade in the issuer’s or security’s credit rating can reduce the market
value of the security. Municipal securities are also subject to interest rate risk. |
|
| North Star Bond Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Bond Fund.
The principal risks of investing in the Bond Fund are:
| ● | Credit
Risk. An issuer of debt securities may fail to make interest payments and repay principal
when due, in whole or in part. Changes in an issuer’s financial strength or in a security’s
credit rating may affect a security’s value. |
| ● | Equity
Securities Risk. The Bond Fund invests in common stock which subjects the Fund and its
shareholders to the risks associated with common stock investing. Overall stock market risks
may affect the value of the Bond Fund. Factors such as domestic economic growth and market
conditions, interest rate levels, and political events affect the securities markets. When
the value of the Bond Fund’s investments goes down, your investment in the Fund decreases
in value and you could lose money. |
| ● | Fixed
Income Securities Risk. When the Bond Fund invests in fixed income securities, the value
of your investment in the Bond Fund will fluctuate with changes in interest rates. Typically,
a rise in interest rates causes a decline in the value of fixed income securities. In general,
the market price of fixed income securities with longer maturities will increase or decrease
more in response to changes in interest rates than the market price of shorter-term securities. |
| ● | General
Market Risk. The risk that the value of the Bond Fund’s shares will fluctuate based
on the performance of the Bond Fund’s investments and other factors affecting the securities
markets generally. Domestic and foreign economic growth and market conditions, interest rate
levels, political events, terrorism, war, natural disasters, disease/virus epidemics and
other events are among the factors affecting the securities markets in which the Bond Fund
invests. There is risk that these and other factors may adversely affect the Bond Fund’s
performance. You could lose money by investing in the Bond Fund. |
| ● | High
Yield Risk. The Bond Fund invests in high yield securities and unrated securities of
similar credit quality (commonly known as “junk bonds”) which may be subject
to greater levels of credit and liquidity risk than funds that do not invest in such securities.
These securities are considered predominately speculative with respect to the issuer’s
continuing ability to make principal and interest payments. An economic downturn or period
of rising interest rates could adversely affect the market for these securities and reduce
the Bond Fund’s ability to sell these securities (liquidity risk). If the issuer of
a security is in default with respect to interest or principal payments, the Bond Fund may
lose its entire investment. |
| ● | Interest
Rate Risk. The risks associated with the Bond Fund include interest rate risk, which
means that the prices of the Bond Fund’s investments are likely to fall if interest
rates rise. |
| ● | Large-Capitalization
Securities Risk. Large-capitalization companies usually cannot respond as quickly as
smaller companies to competitive challenges, and their growth rates tend to lag the growth
rates of well-managed smaller companies during strong economic periods. |
| ● | Mid-Capitalization
Risk. To the extent the Bond Fund invests in the stocks or bonds of medium capitalization
companies, the Bond Fund may be subject to additional risks. The earnings and prospects of
these companies are more volatile than larger companies. Medium sized companies may experience
higher failure rates than do larger companies. |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
| ● | Small-
and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies
may be more volatile and less liquid than the securities of companies with larger market
capitalizations. These small-cap companies may not have the management experience, financial
resources, product diversification and competitive strengths of large- or mid-cap companies
and, therefore, their securities tend to be more volatile than the securities of larger,
more established companies. |
|
| North Star Bond Fund | Equity Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Equity
Securities Risk. The Bond Fund invests in common stock which subjects the Fund and its
shareholders to the risks associated with common stock investing. Overall stock market risks
may affect the value of the Bond Fund. Factors such as domestic economic growth and market
conditions, interest rate levels, and political events affect the securities markets. When
the value of the Bond Fund’s investments goes down, your investment in the Fund decreases
in value and you could lose money. |
|
| North Star Bond Fund | General Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | General
Market Risk. The risk that the value of the Bond Fund’s shares will fluctuate based
on the performance of the Bond Fund’s investments and other factors affecting the securities
markets generally. Domestic and foreign economic growth and market conditions, interest rate
levels, political events, terrorism, war, natural disasters, disease/virus epidemics and
other events are among the factors affecting the securities markets in which the Bond Fund
invests. There is risk that these and other factors may adversely affect the Bond Fund’s
performance. You could lose money by investing in the Bond Fund. |
|
| North Star Bond Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may
be overweight in certain sectors at various times. |
|
| North Star Bond Fund | Small And Microcap Company Risk [Member] |
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| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small-
and Micro-Cap Company Risk. The risk that the securities of small-cap and micro-cap companies
may be more volatile and less liquid than the securities of companies with larger market
capitalizations. These small-cap companies may not have the management experience, financial
resources, product diversification and competitive strengths of large- or mid-cap companies
and, therefore, their securities tend to be more volatile than the securities of larger,
more established companies. |
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| North Star Bond Fund | Credit Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Credit
Risk. An issuer of debt securities may fail to make interest payments and repay principal
when due, in whole or in part. Changes in an issuer’s financial strength or in a security’s
credit rating may affect a security’s value. |
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| North Star Bond Fund | Fixed Income Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Fixed
Income Securities Risk. When the Bond Fund invests in fixed income securities, the value
of your investment in the Bond Fund will fluctuate with changes in interest rates. Typically,
a rise in interest rates causes a decline in the value of fixed income securities. In general,
the market price of fixed income securities with longer maturities will increase or decrease
more in response to changes in interest rates than the market price of shorter-term securities. |
|
| North Star Bond Fund | High Yield Risk [Member] |
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| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | High
Yield Risk. The Bond Fund invests in high yield securities and unrated securities of
similar credit quality (commonly known as “junk bonds”) which may be subject
to greater levels of credit and liquidity risk than funds that do not invest in such securities.
These securities are considered predominately speculative with respect to the issuer’s
continuing ability to make principal and interest payments. An economic downturn or period
of rising interest rates could adversely affect the market for these securities and reduce
the Bond Fund’s ability to sell these securities (liquidity risk). If the issuer of
a security is in default with respect to interest or principal payments, the Bond Fund may
lose its entire investment. |
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| North Star Bond Fund | Interest Rate Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Interest
Rate Risk. The risks associated with the Bond Fund include interest rate risk, which
means that the prices of the Bond Fund’s investments are likely to fall if interest
rates rise. |
|
| North Star Bond Fund | Largecapitalization Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Large-Capitalization
Securities Risk. Large-capitalization companies usually cannot respond as quickly as
smaller companies to competitive challenges, and their growth rates tend to lag the growth
rates of well-managed smaller companies during strong economic periods. |
|
| North Star Bond Fund | Midcapitalization Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Mid-Capitalization
Risk. To the extent the Bond Fund invests in the stocks or bonds of medium capitalization
companies, the Bond Fund may be subject to additional risks. The earnings and prospects of
these companies are more volatile than larger companies. Medium sized companies may experience
higher failure rates than do larger companies. |
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| North Star Small Cap Value Fund |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Small
Cap Value Fund. The principal risks of investing in the Small Cap Value Fund are:
| ● | Equity
Securities Risk. The Small Cap Value Fund invests in common stock which subjects the
Fund and its shareholders to the risks associated with common stock investing. Overall stock
market risks may affect the value of the Small Cap Value Fund. Factors such as domestic economic
growth and market conditions, interest rate levels, and political events affect the securities
markets. When the value of the Small Cap Value Fund’s investments goes down, your investment
in the Small Cap Value Fund decreases in value and you could lose money. |
| ● | General
Market Risk. The risk that the value of the Small Cap Value Fund’s shares will
fluctuate based on the performance of the Small Cap Value Fund’s investments and other
factors affecting the securities markets generally. Domestic and foreign economic growth
and market conditions, interest rate levels, political events, terrorism, war, natural disasters,
disease/virus epidemics and other events are among the factors affecting the securities markets
in which the Small Cap Value Fund invests. There is risk that these and other factors may
adversely affect the Small Cap Value Fund’s performance. You could lose money by investing
in the Small Cap Value Fund. |
| ● | Small
Capitalization Risk. The risk that the securities of small-cap companies may be more
volatile and less liquid than the securities of companies with larger market capitalizations.
These small-cap companies may not have the management experience, financial resources, product
diversification and competitive strengths of large or mid-cap companies, and, therefore,
their securities tend to be more volatile than the securities of larger, more established
companies. Small capitalization companies may also have a narrower geographic and product/service
focus and be less well known to the investment community, resulting in more volatile share
prices and a lack of market liquidity. |
| ● | Value
Style Investing Risk. The Adviser follows an investing style that favors value investments.
The value investing style may over time go in and out of favor. At times when the value investing
style is out of favor, the Fund may underperform other Fund that use different investing
styles. |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Small Cap
Value Fund may be overweight in certain sectors at various times. |
| ● | Investment
Management Risk. The Adviser’s strategy may fail to produce the intended results. |
|
| North Star Small Cap Value Fund | Equity Securities Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Equity
Securities Risk. The Small Cap Value Fund invests in common stock which subjects the
Fund and its shareholders to the risks associated with common stock investing. Overall stock
market risks may affect the value of the Small Cap Value Fund. Factors such as domestic economic
growth and market conditions, interest rate levels, and political events affect the securities
markets. When the value of the Small Cap Value Fund’s investments goes down, your investment
in the Small Cap Value Fund decreases in value and you could lose money. |
|
| North Star Small Cap Value Fund | General Market Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | General
Market Risk. The risk that the value of the Small Cap Value Fund’s shares will
fluctuate based on the performance of the Small Cap Value Fund’s investments and other
factors affecting the securities markets generally. Domestic and foreign economic growth
and market conditions, interest rate levels, political events, terrorism, war, natural disasters,
disease/virus epidemics and other events are among the factors affecting the securities markets
in which the Small Cap Value Fund invests. There is risk that these and other factors may
adversely affect the Small Cap Value Fund’s performance. You could lose money by investing
in the Small Cap Value Fund. |
|
| North Star Small Cap Value Fund | Sector Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Sector
Risk. Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Small Cap
Value Fund may be overweight in certain sectors at various times. |
|
| North Star Small Cap Value Fund | Value Style Investing Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Value
Style Investing Risk. The Adviser follows an investing style that favors value investments.
The value investing style may over time go in and out of favor. At times when the value investing
style is out of favor, the Fund may underperform other Fund that use different investing
styles. |
|
| North Star Small Cap Value Fund | Small Capitalization Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Small
Capitalization Risk. The risk that the securities of small-cap companies may be more
volatile and less liquid than the securities of companies with larger market capitalizations.
These small-cap companies may not have the management experience, financial resources, product
diversification and competitive strengths of large or mid-cap companies, and, therefore,
their securities tend to be more volatile than the securities of larger, more established
companies. Small capitalization companies may also have a narrower geographic and product/service
focus and be less well known to the investment community, resulting in more volatile share
prices and a lack of market liquidity. |
|
| North Star Small Cap Value Fund | Investment Management Risk [Member] |
|
| Prospectus [Line Items] |
|
| Risk [Text Block] |
| ● | Investment
Management Risk. The Adviser’s strategy may fail to produce the intended results. |
|