v3.26.1
Annual Fund Operating Expenses - Persimmon Long/Short Fund
Apr. 29, 2026
Prospectus [Line Items]  
Fee Waiver or Reimbursement over Assets, Date of Termination April 29, 2027
Persimmon Long/Short Fund Class I Shares  
Prospectus [Line Items]  
Management Fees (as a percentage of Assets) 1.25%
Distribution and Service (12b-1) Fees 0.00%
Other Expenses (as a percentage of Assets): 0.88%
Expenses (as a percentage of Assets) 2.13%
Fee Waiver or Reimbursement (0.14%) [1]
Net Expenses (as a percentage of Assets) 1.99%
[1] The Fund’s adviser, Persimmon Capital Management LP, (the “Adviser”) has contractually agreed to waive management fees and to make payments to limit Fund expenses, at least until April 29, 2027, so that the total annual operating expenses (excluding (i) any front-end or contingent deferred loads; (ii) brokerage fees and commissions, (iii) acquired fund fees and expenses; (iii) borrowing costs (such as interest and dividend expense on securities sold short); (iv) taxes; and (v) extraordinary expenses, such as litigation expenses (which may include indemnification of Fund officers and Trustees, contractual indemnification of Fund service providers (other than the Adviser))) of the Fund do not exceed 1.99% of average daily net assets attributable to Class I shares. These fee waivers and expense reimbursements are subject to possible recoupment from the Fund within three years after the fees have been waived or reimbursed, if such recoupment can be achieved within the lesser of the foregoing expense limits or the expense limits in place at the time of recapture. This agreement may be terminated only by the Board of Trustees on 60 days’ written notice to the Adviser.