Performance Management - BTS Managed Income Fund
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Apr. 21, 2026 |
| Prospectus [Line Items] |
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| Bar Chart and Performance Table [Heading] |
Performance:
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| Performance Narrative [Text Block] |
The
bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing
in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception.
The performance table compares the performance of the share classes of the Fund over time to the performance of a broad-based market index.
You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform
in the future. The performance information set forth below reflects the historical performance of the Fund shares. Updated performance
information is available at no cost by visiting www.btsfunds.com
or by calling 1-877-BTS-9820.
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| Performance Past Does Not Indicate Future [Text] |
You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform
in the future.
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| Performance Information Illustrates Variability of Returns [Text] |
The
bar chart and performance table below show the variability of the Fund’s returns, which is some indication of the risks of investing
in the Fund. The bar chart shows performance of the Fund’s Class I shares for each full calendar year since the Fund’s inception.
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| Bar Chart Does Not Reflect Sales Loads [Text] |
Class I returns do not reflect sales charges
and distribution and/or service (12b-1) fees and would be lower if they did
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| Bar Chart [Heading] |
Performance Bar Chart For Calendar Years Ended December
31
Class I returns do not reflect sales charges
and distribution and/or service (12b-1) fees and would be lower if they did.
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| Bar Chart [Table] |
| |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
2025 |
| |
4.06% |
8.63% |
-1.14% |
-12.32% |
5.65% |
6.09% |
5.68% |
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| Bar Chart Closing [Text Block] |
| Best Quarter: |
2nd Quarter 2020 |
5.85% |
| Worst Quarter: |
2nd Quarter 2022 |
(7.77)% |
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| Highest Quarterly Return, Label [Optional Text] |
Best Quarter:
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| Highest Quarterly Return |
5.85%
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| Highest Quarterly Return, Date |
Jun. 30, 2020
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| Lowest Quarterly Return, Label [Optional Text] |
Worst Quarter:
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| Lowest Quarterly Return |
(7.77%)
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| Lowest Quarterly Return, Date |
Jun. 30, 2022
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| Performance Table Heading |
Performance Table
Average Annual Total Returns
(For periods ended December 31, 2025)
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| Performance Table Uses Highest Federal Rate |
After-tax returns were calculated using the historical
highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
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| Performance Table Not Relevant to Tax Deferred |
Actual after-tax returns
depend on an investor’s tax situation and may differ from thoseshown, and after-tax returns shown are not relevant
to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or Individual Retirement Accounts (IRAs).
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| Performance [Table] |
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One
Year |
Five
Years |
Life of Fund
(inception 12-31-18) |
| Class I shares |
|
|
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| Return before taxes |
5.68% |
0.53% |
2.15% |
| Return after taxes on distributions |
3.34% |
(0.72)% |
1.05% |
| Return after taxes on distributions and sale of Fund shares |
3.35% |
(0.10)% |
1.20% |
| Class A shares |
|
|
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| Return before taxes |
1.47% |
(0.46)% |
1.23% |
| Return before taxes without a sales load |
5.40% |
0.31% |
1.98% |
| Class C shares |
|
|
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| Return before taxes |
4.73% |
(0.44)% |
1.43% |
| Class R shares |
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|
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| Return before taxes |
5.15% |
0.05% |
1.79% |
| Bloomberg U.S. Aggregate Bond Index |
7.30% |
(0.36)% |
1.99% |
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| Performance Table One Class of after Tax Shown [Text] |
After tax returns are not shown for Class A, C and R shares and would differ from those of Class I shares
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| Index No Deduction for Fees, Expenses, or Taxes [Text] |
Index does not reflect any fees or expenses
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| Performance Table Closing [Text Block] |
Bloomberg U.S. Aggregate Bond Index is an unmanaged
index comprised of U.S. investment grade, fixed rate bond market securities, including government, government agency, corporate and mortgage-backed
securities between one and ten years. Index returns assume reinvestment of dividends. Investors may not invest in the Index directly.
Unlike the Fund’s returns, the Index does not reflect any fees or expenses.
After-tax returns were calculated using the historical
highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns
depend on an investor’s tax situation and may differ from thoseshown, and after-tax returns shown are not relevant
to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or Individual Retirement Accounts (IRAs).
After tax returns are not shown for Class A, C and R shares and would differ from those of Class I shares.
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| Performance Availability Website Address [Text] |
www.btsfunds.com
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| Performance Availability Phone [Text] |
1-877-BTS-9820
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