Shareholder Report | 12 Months Ended | 120 Months Ended |
Sep. 30, 2024 USD ($) Holding | Sep. 30, 2024 USD ($) Holding |
Shareholder Report [Line Items] | | |
Document Type | N-CSR | |
Amendment Flag | false | |
Registrant Name | Northern Lights Fund Trust III | |
Entity Central Index Key | 0001537140 | |
Entity Investment Company Type | N-1A | |
Document Period End Date | Sep. 30, 2024 | |
C000161384 | | |
Shareholder Report [Line Items] | | |
Fund Name | Absolute Capital Asset Allocator Fund | |
Class Name | Class A | |
Trading Symbol | AAMAX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Absolute Capital Asset Allocator Fund for the period of October 1, 2023 to September 30, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.abscapfunds.com/ | |
Additional Information Phone Number | 877-594-1249 | |
Additional Information Website | https://www.abscapfunds.com/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $212 1.94% | |
Expenses Paid, Amount | $ 212 | |
Expense Ratio, Percent | 1.94% | |
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? The Fund's Class A shares gained 18.53% for the period from October 1, 2023 through September 30, 2024. The Fund's gain surpassed Dow Jones Moderately Conservative Portfolio Index return of 16.37%. The Fund was under the Dow Jones Moderate Portfolio Index return of 20.62% During the time period, the Fund increased assets by 31%. The Fund’s portfolio holdings rotated over the course of the fiscal year to be more conservatively positioned. Short term fixed income rates became more attractive than had been available in recent years warranting a shift to US Treasuries. • Over the course of the period the risk/reward of short-term US Treasury positions became more inviting. Risk reducing money market positions were decreased by more than 50%. US Treasury holdings of 364 days and under grew by over 5x. • There was an increase in the utilization of individual securities. As several indexes had a small number of stocks accounted for a significant percentage of the index. Individual securities aided in cost reduction and in reaching the Fund's desired sector weightings. • Although the Fund's assets increased more than 31%, most of these monies were deployed into T-bills / T-Notes and individual equities, while investments in ETFs grew less than 3%. • The Fund had become more conservatively positioned in the third quarter in order to endeavor to lower overall portfolio volatility. The Fund is attempting to navigate the impact of the federal reserve and the impact of deficit spending on the capital markets. | |
Line Graph [Table Text Block] | Absolute Capital Asset Allocator Fund Dow Jones Conservative Portfolio Index Dow Jones Moderate Portfolio Index Dow Jones Moderately Conservative Portfolio Index Dec-2015 $9,425 $10,000 $10,000 $10,000 Sep-2016 $9,576 $10,587 $10,941 $10,872 Sep-2017 $10,619 $10,769 $12,044 $11,477 Sep-2018 $11,393 $10,981 $12,854 $11,900 Sep-2019 $11,073 $11,556 $13,350 $12,566 Sep-2020 $11,235 $12,179 $14,215 $13,311 Sep-2021 $13,026 $12,611 $16,800 $14,775 Sep-2022 $10,895 $10,582 $13,758 $12,186 Sep-2023 $11,862 $11,193 $15,167 $13,027 Sep-2024 $14,060 $12,368 $18,295 $15,159 | |
Average Annual Return [Table Text Block] | 1 Year 5 Years Since Inception (December 18, 2015) Absolute Capital Asset Allocator Fund 18.53% 4.89% 4.66% With Load 11.71% 3.66% 3.95% Dow Jones Conservative Portfolio Index 10.50% 1.37% 2.45% Dow Jones Moderate Portfolio Index 20.62% 6.50% 7.12% Dow Jones Moderately Conservative Portfolio Index 16.37% 3.82% 4.85% | |
Performance Inception Date | | Dec. 18, 2015 |
AssetsNet | $ 47,901,829 | $ 47,901,829 |
Holdings Count | Holding | 33 | 33 |
Advisory Fees Paid, Amount | $ 430,447 | |
InvestmentCompanyPortfolioTurnover | 207% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $47,901,829 Number of Portfolio Holdings 33 Advisory Fee $430,447 Portfolio Turnover 207% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets Goldman Sachs MarketBeta Russell 1000 Growth ETF 7.2% Technology Select Sector SPDR Fund 7.2% iShares Core Dividend Growth ETF 7.1% SPDR S&P 1500 Value Tilt ETF 6.5% Vanguard Industrials ETF 5.7% Vanguard Total Stock Market ETF 5.5% Vanguard Communication Services ETF 5.3% United States Treasury Note, 0.625%, 10/15/24 5.0% United States Treasury Bill, 4.590%, 10/24/24 3.1% United States Treasury Bill, 4.550%, 12/24/24 3.1% | |
Material Fund Change [Text Block] | | |
C000161385 | | |
Shareholder Report [Line Items] | | |
Fund Name | Absolute Capital Asset Allocator Fund | |
Class Name | Institutional | |
Trading Symbol | AAMIX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Absolute Capital Asset Allocator Fund for the period of October 1, 2023 to September 30, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.abscapfunds.com/ | |
Additional Information Phone Number | 877-594-1249 | |
Additional Information Website | https://www.abscapfunds.com/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Institutional $168 1.54% | |
Expenses Paid, Amount | $ 168 | |
Expense Ratio, Percent | 1.54% | |
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? The Fund's Institutional Class shares gained 18.74% for the period from October 1, 2023 through September 30, 2024. The Fund's gain surpassed Dow Jones Moderately Conservative Portfolio Index return of 16.37%. The Fund was under the Dow Jones Moderate Portfolio Index return of 20.62% During the time period, the Fund increased assets by 31%. The Fund’s portfolio holdings rotated over the course of the fiscal year to be more conservatively positioned. Short term fixed income rates became more attractive than had been available in recent years warranting a shift to US Treasuries. • Over the course of the period the risk/reward of short-term US Treasury positions became more inviting. Risk reducing money market positions were decreased by more than 50%. US Treasury holdings of 364 days and under grew by over 5x. • There was an increase in the utilization of individual securities. As several indexes had a small number of stocks accounted for a significant percentage of the index. Individual securities aided in cost reduction and in reaching the Fund's desired sector weightings. • Although the Fund's assets increased more than 31%, most of these monies were deployed into T-bills / T-Notes and individual equities, while investments in ETFs grew less than 3%. • The Fund had become more conservatively positioned in the third quarter in order to endeavor to lower overall portfolio volatility. The Fund is attempting to navigate the impact of the federal reserve and the impact of deficit spending on the capital markets. | |
Line Graph [Table Text Block] | Absolute Capital Asset Allocator Fund Dow Jones Conservative Portfolio Index Dow Jones Moderate Portfolio Index Dow Jones Moderately Conservative Portfolio Index Dec-2015 $100,000 $100,000 $100,000 $100,000 Sep-2016 $101,600 $105,874 $109,409 $108,724 Sep-2017 $112,668 $107,691 $120,446 $114,770 Sep-2018 $120,879 $109,808 $128,546 $119,000 Sep-2019 $117,482 $115,555 $133,502 $125,663 Sep-2020 $119,366 $121,791 $142,152 $133,110 Sep-2021 $138,393 $126,113 $168,003 $147,749 Sep-2022 $115,754 $105,820 $137,581 $121,858 Sep-2023 $126,020 $111,929 $151,669 $130,270 Sep-2024 $149,633 $123,677 $182,950 $151,594 | |
Average Annual Return [Table Text Block] | 1 Year 5 Years Since Inception (December 18, 2015) Absolute Capital Asset Allocator Fund 18.74% 4.96% 4.69% Dow Jones Conservative Portfolio Index 10.50% 1.37% 2.45% Dow Jones Moderate Portfolio Index 20.62% 6.50% 7.12% Dow Jones Moderately Conservative Portfolio Index 16.37% 3.82% 4.85% | |
Performance Inception Date | | Dec. 18, 2015 |
AssetsNet | $ 47,901,829 | $ 47,901,829 |
Holdings Count | Holding | 33 | 33 |
Advisory Fees Paid, Amount | $ 430,447 | |
InvestmentCompanyPortfolioTurnover | 207% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $47,901,829 Number of Portfolio Holdings 33 Advisory Fee $430,447 Portfolio Turnover 207% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets Goldman Sachs MarketBeta Russell 1000 Growth ETF 7.2% Technology Select Sector SPDR Fund 7.2% iShares Core Dividend Growth ETF 7.1% SPDR S&P 1500 Value Tilt ETF 6.5% Vanguard Industrials ETF 5.7% Vanguard Total Stock Market ETF 5.5% Vanguard Communication Services ETF 5.3% United States Treasury Note, 0.625%, 10/15/24 5.0% United States Treasury Bill, 4.590%, 10/24/24 3.1% United States Treasury Bill, 4.550%, 12/24/24 3.1% | |
Material Fund Change [Text Block] | | |
C000161386 | | |
Shareholder Report [Line Items] | | |
Fund Name | Absolute Capital Asset Allocator Fund | |
Class Name | Investor Class | |
Trading Symbol | AAMCX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Absolute Capital Asset Allocator Fund for the period of October 1, 2023 to September 30, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.abscapfunds.com/ | |
Additional Information Phone Number | 877-594-1249 | |
Additional Information Website | https://www.abscapfunds.com/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Investor $293 2.69% | |
Expenses Paid, Amount | $ 293 | |
Expense Ratio, Percent | 2.69% | |
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? The Fund's Investor Class shares gained 17.65% for the period from October 1, 2023 through September 30, 2024. The Fund's gain surpassed Dow Jones Moderately Conservative Portfolio Index return of 16.37%. The Fund was under the Dow Jones Moderate Portfolio Index return of 20.62% During the time period, the Fund increased assets by 31%. The Fund’s portfolio holdings rotated over the course of the fiscal year to be more conservatively positioned. Short term fixed income rates became more attractive than had been available in recent years warranting a shift to US Treasuries. • Over the course of the period the risk/reward of short-term US Treasury positions became more inviting. Risk reducing money market positions were decreased by more than 50%. US Treasury holdings of 364 days and under grew by over 5x. • There was an increase in the utilization of individual securities. As several indexes had a small number of stocks accounted for a significant percentage of the index. Individual securities aided in cost reduction and in reaching the Fund's desired sector weightings. • Although the Fund's assets increased more than 31%, most of these monies were deployed into T-bills / T-Notes and individual equities, while investments in ETFs grew less than 3%. • The Fund had become more conservatively positioned in the third quarter in order to endeavor to lower overall portfolio volatility. The Fund is attempting to navigate the impact of the federal reserve and the impact of deficit spending on the capital markets. | |
Line Graph [Table Text Block] | Absolute Capital Asset Allocator Fund Dow Jones Conservative Portfolio Index Dow Jones Moderate Portfolio Index Dow Jones Moderately Conservative Portfolio Index Dec-2015 $10,000 $10,000 $10,000 $10,000 Sep-2016 $10,110 $10,587 $10,941 $10,872 Sep-2017 $11,130 $10,769 $12,044 $11,477 Sep-2018 $11,855 $10,981 $12,854 $11,900 Sep-2019 $11,448 $11,556 $13,350 $12,566 Sep-2020 $11,530 $12,179 $14,215 $13,311 Sep-2021 $13,258 $12,611 $16,800 $14,775 Sep-2022 $11,013 $10,582 $13,758 $12,186 Sep-2023 $11,897 $11,193 $15,167 $13,027 Sep-2024 $13,997 $12,368 $18,295 $15,159 | |
Average Annual Return [Table Text Block] | 1 Year 5 Years Since Inception (December 18, 2015) Absolute Capital Asset Allocator Fund 17.65% 4.10% 3.90% Dow Jones Conservative Portfolio Index 10.50% 1.37% 2.45% Dow Jones Moderate Portfolio Index 20.62% 6.50% 7.12% Dow Jones Moderately Conservative Portfolio Index 16.37% 3.82% 4.85% | |
Performance Inception Date | | Dec. 18, 2015 |
AssetsNet | $ 47,901,829 | $ 47,901,829 |
Holdings Count | Holding | 33 | 33 |
Advisory Fees Paid, Amount | $ 430,447 | |
InvestmentCompanyPortfolioTurnover | 207% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $47,901,829 Number of Portfolio Holdings 33 Advisory Fee $430,447 Portfolio Turnover 207% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets Goldman Sachs MarketBeta Russell 1000 Growth ETF 7.2% Technology Select Sector SPDR Fund 7.2% iShares Core Dividend Growth ETF 7.1% SPDR S&P 1500 Value Tilt ETF 6.5% Vanguard Industrials ETF 5.7% Vanguard Total Stock Market ETF 5.5% Vanguard Communication Services ETF 5.3% United States Treasury Note, 0.625%, 10/15/24 5.0% United States Treasury Bill, 4.590%, 10/24/24 3.1% United States Treasury Bill, 4.550%, 12/24/24 3.1% | |
Material Fund Change [Text Block] | | |
C000161387 | | |
Shareholder Report [Line Items] | | |
Fund Name | Absolute Capital Defender Fund | |
Class Name | Class A | |
Trading Symbol | ACMAX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Absolute Capital Defender Fund for the period of October 1, 2023 to September 30, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.abscapfunds.com/ | |
Additional Information Phone Number | 877-594-1249 | |
Additional Information Website | https://www.abscapfunds.com/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Class A $210 1.95% | |
Expenses Paid, Amount | $ 210 | |
Expense Ratio, Percent | 1.95% | |
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? The Fund's Class A shares gained 15.69% for the period from October 1, 2023 through September 30, 2024. The Fund's gain surpassed the Dow Jones Conservative Portfolio Index return of 10.50%. The Fund was under the Dow Jones Moderately Conservative Portfolio Index return of 16.37%. Over the period, the fund had minimal growth as the equity capital markets popularity continued. The Fund's view on this moderate growth is that the Fund had a conservative orientation at a time when the general equity markets were increasing. Further, the Absolute Capital Management fund complex has other funds that are less conservative where investors contributed additional assets. The Fund’s portfolio also looked different over the course of the fiscal year as it has become more conservatively positioned and attempted to take advantage of a more favorable short-term fixed income environment. • Over the course of the period the risk/reward of short-term US Treasury positions became more inviting. Risk reducing money market positions were decreased. US Treasury holdings of 364 days and under grew by over 4 ¼ times. • There was an increase in the utilization of individual securities. As several indexes had a small number of stocks accounted for a significant percentage of the index. Individual securities aided in cost reduction and in reaching our desired sector weightings. • The Fund had become more conservatively positioned in the third quarter in order to endeavor to lower overall portfolio volatility. The Fund is attempting to navigate the impact of the federal reserve and the impact of deficit spending on the capital markets. | |
Line Graph [Table Text Block] | Absolute Capital Defender Fund Dow Jones Conservative Portfolio Index Dow Jones Moderate Portfolio Index Dow Jones Moderately Conservative Portfolio Index Dec-2015 $9,425 $10,000 $10,000 $10,000 Sep-2016 $9,293 $10,587 $10,941 $10,872 Sep-2017 $10,185 $10,769 $12,044 $11,477 Sep-2018 $10,717 $10,981 $12,854 $11,900 Sep-2019 $10,377 $11,556 $13,350 $12,566 Sep-2020 $10,556 $12,179 $14,215 $13,311 Sep-2021 $12,010 $12,611 $16,800 $14,775 Sep-2022 $10,588 $10,582 $13,758 $12,186 Sep-2023 $11,273 $11,193 $15,167 $13,027 Sep-2024 $13,041 $12,368 $18,295 $15,159 | |
Average Annual Return [Table Text Block] | 1 Year 5 Years Since Inception (December 18, 2015) Absolute Capital Defender Fund 15.69% 4.68% 3.77% With Load 9.06% 3.44% 3.07% Dow Jones Conservative Portfolio Index 10.50% 1.37% 2.45% Dow Jones Moderate Portfolio Index 20.62% 6.50% 7.12% Dow Jones Moderately Conservative Portfolio Index 16.37% 3.82% 4.85% | |
Performance Inception Date | | Dec. 18, 2015 |
AssetsNet | $ 25,934,845 | $ 25,934,845 |
Holdings Count | Holding | 31 | 31 |
Advisory Fees Paid, Amount | $ 208,655 | |
InvestmentCompanyPortfolioTurnover | 207% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $25,934,845 Number of Portfolio Holdings 31 Advisory Fee (net of waivers) $208,655 Portfolio Turnover 207% | |
Holdings [Text Block] | Sector Weighting (% of net assets) Value Value Liabilities in Excess of Other Assets -1.2% Consumer Discretionary 0.5% Consumer Staples 1.0% Communications 1.1% Technology 1.8% Health Care 2.9% Money Market Funds 3.1% Financials 7.4% U.S. Treasury Obligations 34.2% Equity 49.2% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets SPDR S&P 1500 Value Tilt ETF 10.3% United States Treasury Note, 0.625%, 10/15/24 9.2% iShares Core Dividend Growth ETF 7.3% iShares Morningstar Value ETF 6.5% Vanguard Industrials ETF 6.1% Technology Select Sector SPDR Fund 5.8% Vanguard Communication Services ETF 5.6% United States Treasury Note, 3.875%, 12/31/27 5.4% United States Treasury Bill, 4.590%, 10/22/24 3.8% United States Treasury Bill, 4.440%, 03/06/25 3.8% | |
Material Fund Change [Text Block] | | |
C000161388 | | |
Shareholder Report [Line Items] | | |
Fund Name | Absolute Capital Defender Fund | |
Class Name | Institutional | |
Trading Symbol | ACMIX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Absolute Capital Defender Fund for the period of October 1, 2023 to September 30, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.abscapfunds.com/ | |
Additional Information Phone Number | 877-594-1249 | |
Additional Information Website | https://www.abscapfunds.com/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Institutional $185 1.71% | |
Expenses Paid, Amount | $ 185 | |
Expense Ratio, Percent | 1.71% | |
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? The Fund's Institutional class shares gained 15.79% for the period from October 1, 2023 through September 30, 2024. The Fund's gain surpassed the Dow Jones Conservative Portfolio Index return of 10.50%. The Fund was under the Dow Jones Moderately Conservative Portfolio Index return of 16.37%. Over the period, the fund had minimal growth as the equity capital markets popularity continued. The Fund's view on this moderate growth is that the Fund had a conservative orientation at a time when the general equity markets were increasing. Further, the Absolute Capital Management fund complex has other funds that are less conservative where investors contributed additional assets. The Fund’s portfolio also looked different over the course of the fiscal year as it has become more conservatively positioned and attempted to take advantage of a more favorable short-term fixed income environment. • Over the course of the period the risk/reward of short-term US Treasury positions became more inviting. Risk reducing money market positions were decreased. US Treasury holdings of 364 days and under grew by over 4 ¼ times. • There was an increase in the utilization of individual securities. As several indexes had a small number of stocks accounted for a significant percentage of the index. Individual securities aided in cost reduction and in reaching our desired sector weightings. • The Fund had become more conservatively positioned in the third quarter in order to endeavor to lower overall portfolio volatility. The Fund is attempting to navigate the impact of the federal reserve and the impact of deficit spending on the capital markets. | |
Line Graph [Table Text Block] | Absolute Capital Defender Fund Dow Jones Conservative Portfolio Index Dow Jones Moderate Portfolio Index Dow Jones Moderately Conservative Portfolio Index Dec-2015 $100,000 $100,000 $100,000 $100,000 Sep-2016 $98,600 $105,874 $109,409 $108,724 Sep-2017 $108,057 $107,691 $120,446 $114,770 Sep-2018 $113,709 $109,808 $128,546 $119,000 Sep-2019 $110,097 $115,555 $133,502 $125,663 Sep-2020 $112,214 $121,791 $142,152 $133,110 Sep-2021 $127,673 $126,113 $168,003 $147,749 Sep-2022 $112,559 $105,820 $137,581 $121,858 Sep-2023 $119,837 $111,929 $151,669 $130,270 Sep-2024 $138,758 $123,677 $182,950 $151,594 | |
Average Annual Return [Table Text Block] | 1 Year 5 Years Since Inception (December 18, 2015) Absolute Capital Defender Fund 15.79% 4.74% 3.80% Dow Jones Conservative Portfolio Index 10.50% 1.37% 2.45% Dow Jones Moderate Portfolio Index 20.62% 6.50% 7.12% Dow Jones Moderately Conservative Portfolio Index 16.37% 3.82% 4.85% | |
Performance Inception Date | | Dec. 18, 2015 |
AssetsNet | $ 25,934,845 | $ 25,934,845 |
Holdings Count | Holding | 31 | 31 |
Advisory Fees Paid, Amount | $ 208,655 | |
InvestmentCompanyPortfolioTurnover | 207% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $25,934,845 Number of Portfolio Holdings 31 Advisory Fee (net of waivers) $208,655 Portfolio Turnover 207% | |
Holdings [Text Block] | Sector Weighting (% of net assets) Value Value Liabilities in Excess of Other Assets -1.2% Consumer Discretionary 0.5% Consumer Staples 1.0% Communications 1.1% Technology 1.8% Health Care 2.9% Money Market Funds 3.1% Financials 7.4% U.S. Treasury Obligations 34.2% Equity 49.2% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets SPDR S&P 1500 Value Tilt ETF 10.3% United States Treasury Note, 0.625%, 10/15/24 9.2% iShares Core Dividend Growth ETF 7.3% iShares Morningstar Value ETF 6.5% Vanguard Industrials ETF 6.1% Technology Select Sector SPDR Fund 5.8% Vanguard Communication Services ETF 5.6% United States Treasury Note, 3.875%, 12/31/27 5.4% United States Treasury Bill, 4.590%, 10/22/24 3.8% United States Treasury Bill, 4.440%, 03/06/25 3.8% | |
Material Fund Change [Text Block] | | |
C000161389 | | |
Shareholder Report [Line Items] | | |
Fund Name | Absolute Capital Defender Fund | |
Class Name | Investor | |
Trading Symbol | ACMDX | |
Annual or Semi-Annual Statement [Text Block] | This annual shareholder report contains important information about Absolute Capital Defender Fund for the period of October 1, 2023 to September 30, 2024. | |
Shareholder Report Annual or Semi-Annual | Annual Shareholder Report | |
Additional Information [Text Block] | You can find additional information about the Fund at https://www.abscapfunds.com/ | |
Additional Information Phone Number | 877-594-1249 | |
Additional Information Website | https://www.abscapfunds.com/ | |
Expenses [Text Block] | What were the Fund’s costs for the last year? (based on a hypothetical $10,000 investment) Class Name Costs of a $10,000 investment Costs paid as a percentage of a $10,000 investment Investor $290 2.70% | |
Expenses Paid, Amount | $ 290 | |
Expense Ratio, Percent | 2.70% | |
Factors Affecting Performance [Text Block] | How did the Fund perform during the reporting period? The Fund's Investor class shares gained 14.78% for the period from October 1, 2023 through September 30, 2024. The Fund's gain surpassed the Dow Jones Conservative Portfolio Index return of 10.50%. The Fund was under the Dow Jones Moderately Conservative Portfolio Index return of 16.37%. Over the period, the fund had minimal growth as the equity capital markets popularity continued. The Fund's view on this moderate growth is that the Fund had a conservative orientation at a time when the general equity markets were increasing. Further, the Absolute Capital Management fund complex has other funds that are less conservative where investors contributed additional assets. The Fund’s portfolio also looked different over the course of the fiscal year as it has become more conservatively positioned and attempted to take advantage of a more favorable short-term fixed income environment. • Over the course of the period the risk/reward of short-term US Treasury positions became more inviting. Risk reducing money market positions were decreased. US Treasury holdings of 364 days and under grew by over 4 ¼ times. • There was an increase in the utilization of individual securities. As several indexes had a small number of stocks accounted for a significant percentage of the index. Individual securities aided in cost reduction and in reaching our desired sector weightings. • The Fund had become more conservatively positioned in the third quarter in order to endeavor to lower overall portfolio volatility. The Fund is attempting to navigate the impact of the federal reserve and the impact of deficit spending on the capital markets. | |
Line Graph [Table Text Block] | Absolute Capital Defender Fund Dow Jones Conservative Portfolio Index Dow Jones Moderate Portfolio Index Dow Jones Moderately Conservative Portfolio Index Dec-2015 $10,000 $10,000 $10,000 $10,000 Sep-2016 $9,810 $10,587 $10,941 $10,872 Sep-2017 $10,671 $10,769 $12,044 $11,477 Sep-2018 $11,152 $10,981 $12,854 $11,900 Sep-2019 $10,705 $11,556 $13,350 $12,566 Sep-2020 $10,816 $12,179 $14,215 $13,311 Sep-2021 $12,219 $12,611 $16,800 $14,775 Sep-2022 $10,691 $10,582 $13,758 $12,186 Sep-2023 $11,296 $11,193 $15,167 $13,027 Sep-2024 $12,965 $12,368 $18,295 $15,159 | |
Average Annual Return [Table Text Block] | 1 Year 5 Years Since Inception (December 18, 2015) Absolute Capital Defender Fund 14.78% 3.90% 3.00% Dow Jones Conservative Portfolio Index 10.50% 1.37% 2.45% Dow Jones Moderate Portfolio Index 20.62% 6.50% 7.12% Dow Jones Moderately Conservative Portfolio Index 16.37% 3.82% 4.85% | |
Performance Inception Date | | Dec. 18, 2015 |
AssetsNet | $ 25,934,845 | $ 25,934,845 |
Holdings Count | Holding | 31 | 31 |
Advisory Fees Paid, Amount | $ 208,655 | |
InvestmentCompanyPortfolioTurnover | 207% | |
Additional Fund Statistics [Text Block] | Fund Statistics Net Assets $25,934,845 Number of Portfolio Holdings 31 Advisory Fee (net of waivers) $208,655 Portfolio Turnover 207% | |
Holdings [Text Block] | Sector Weighting (% of net assets) Value Value Liabilities in Excess of Other Assets -1.2% Consumer Discretionary 0.5% Consumer Staples 1.0% Communications 1.1% Technology 1.8% Health Care 2.9% Money Market Funds 3.1% Financials 7.4% U.S. Treasury Obligations 34.2% Equity 49.2% | |
Largest Holdings [Text Block] | Top 10 Holdings (% of net assets) Holding Name % of Net Assets SPDR S&P 1500 Value Tilt ETF 10.3% United States Treasury Note, 0.625%, 10/15/24 9.2% iShares Core Dividend Growth ETF 7.3% iShares Morningstar Value ETF 6.5% Vanguard Industrials ETF 6.1% Technology Select Sector SPDR Fund 5.8% Vanguard Communication Services ETF 5.6% United States Treasury Note, 3.875%, 12/31/27 5.4% United States Treasury Bill, 4.590%, 10/22/24 3.8% United States Treasury Bill, 4.440%, 03/06/25 3.8% | |
Material Fund Change [Text Block] | | |