0000894189-12-006212.txt : 20121108 0000894189-12-006212.hdr.sgml : 20121108 20121108150536 ACCESSION NUMBER: 0000894189-12-006212 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121108 DATE AS OF CHANGE: 20121108 EFFECTIVENESS DATE: 20121108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTEGRA FUNDS INC CENTRAL INDEX KEY: 0001014913 IRS NUMBER: 364104131 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-07305 FILM NUMBER: 121189781 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES, LLC STREET 2: 615 EAST MICHIGAN STREET, THIRD FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 1-888-825-2100 MAIL ADDRESS: STREET 1: 400 SKOKIE BLVD STREET 2: SUITE 500 CITY: NORTHBROOK STATE: IL ZIP: 60062 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FRONTEGRA FUNDS INC CENTRAL INDEX KEY: 0001014913 IRS NUMBER: 364104131 STATE OF INCORPORATION: MD FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07685 FILM NUMBER: 121189782 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES, LLC STREET 2: 615 EAST MICHIGAN STREET, THIRD FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 1-888-825-2100 MAIL ADDRESS: STREET 1: 400 SKOKIE BLVD STREET 2: SUITE 500 CITY: NORTHBROOK STATE: IL ZIP: 60062 0001014913 S000000730 Frontegra Netols Small Cap Value Fund C000002120 Institutional Class FNSVX C000054396 Class Y FNSYX 0001014913 S000022841 Frontegra Timpani Small Cap Growth Fund C000066233 Class Y FTSYX C000066234 Institutional Class FTSGX 0001014913 S000029404 Frontegra HEXAM Emerging Markets Fund C000090312 Frontegra HEXAM Emerging Markets Fund FHEMX 0001014913 S000030151 Frontegra Phocas Small Cap Value Fund C000092611 Institutional Class FPSVX 0001014913 S000032914 Frontegra SAM Global Equity Fund C000101587 Institutional Class FSGLX 0001014913 S000033175 Lockwell Small Cap Value Fund C000102117 Institutional Class LOCSX 0001014913 S000035416 Frontegra MFG Global Equity Fund C000108789 Institutional Class FMGEX 0001014913 S000035417 Frontegra MFG Core Infrastructure Fund C000108790 Institutional Class FMGIX 485BPOS 1 frontegra-485b_xbrl.htm POST EFFECTIVE AMENDMENT FOR XBRL Unassociated Document

As filed with the Securities and Exchange Commission on November 8, 2012
 
Securities Act Registration No. 333-07305
Investment Company Act Registration No. 811-07685



SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM N-1A
       
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
[Ö]
     
 
Pre-Effective Amendment No. _____
[  ]
     
 
Post-Effective Amendment No. 82
[Ö]
       
and/or
     
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
[Ö]
       
Amendment No. 83

FRONTEGRA FUNDS, INC.
(Exact Name of Registrant as Specified in Charter)

400 Skokie Boulevard, Suite 500
 
Northbrook, Illinois
60062
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s Telephone Number, including Area Code:  (847) 509-9860
 
William D. Forsyth III
400 Skokie Blvd., Suite 500
Northbrook, Illinois  60062
 (Name and Address of Agent for Service)

Copies to:
 
Ellen R. Drought
Godfrey & Kahn, S.C.
780 North Water Street
Milwaukee, Wisconsin  53202

 
It is proposed that this filing will become effective (check appropriate box):
       
   
[X]
immediately upon filing pursuant to paragraph (b) of Rule 485
   
[   ]
on (date) pursuant to paragraph (b) of Rule 485
   
[   ]
60 days after filing pursuant to paragraph (a)(1) of Rule 485
   
[   ]
on (date) pursuant to paragraph (a)(1) of Rule 485
   
[   ]
75 days after filing pursuant to paragraph (a)(2) of Rule 485
   
[   ]
on (date) pursuant to paragraph (a)(2) of Rule 485



If appropriate, check the following box:

[X]
 
Explanatory Note: This PEA No. 82 hereby incorporates Parts A, B and C from the Fund’s PEA No. 81 on Form N-1A filed October 29, 2012.  This PEA No. 82 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 81.


 
 
 

 


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment No. 82 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Northbrook and State of Illinois on the 8th day of November, 2012.


FRONTEGRA FUNDS, INC. (Registrant)

By:      /s/ William D. Forsyth III                                                                             
William D. Forsyth III
President


Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 82 to this Registration Statement has been signed below on November 8, 2012 by the following persons in the capacities indicated.

Name
 
Title
/s/ William D. Forsyth III                                                                                   
William D. Forsyth III
President, Secretary and a Director
(principal executive officer)
 
/s/ Elyce D. Dilworth                                                                                        
Elyce D. Dilworth
Chief Compliance Officer and Treasurer
(principal financial officer)
 
/s/ David L. Heald                                                                                               
David L. Heald
 
Director*
/s/ James M. Snyder                                                                                           
James M. Snyder
 
Director*
*By:   /s/ William D. Forsyth III                 
William D. Forsyth III
President
Attorney-in-fact pursuant to
Power of Attorney filed on
May 24, 2007, Post-Effective
Amendment No. 29.
 
 
 
 
 

 

 
EXHIBIT INDEX


Exhibit
Exhibit No.
 
Instance Document
EX-101.INS
Schema Document
EX-101.SCH
Calculation Linkbase Document
EX-101.CAL
Definition Linkbase Document
EX-101.DEF
Label Linkbase Document
EX-101.LAB
Presentation Linkbase Document
EX-101.PRE
 
 

EX-101.INS 2 ck0001014913-20120630.xml INSTANCE DOCUMENT 485BPOS 2012-06-30 0001014913 2012-11-01 FRONTEGRA FUNDS INC false 2012-10-29 2012-11-01 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells securities <br />(or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher <br />transaction costs and may result in higher taxes when Fund shares are held in a taxable <br />account. These costs, which are not reflected in annual fund operating expenses or in <br />the example, affect the Fund's performance. The Fund commenced operations on January <br />18, 2012 and, consequently, did not have one full year of operations as of the end of <br />its last fiscal year; however, as of June 30, 2012, the Fund's portfolio turnover rate<br />was 7% of the average value of its portfolio (on an un-annualized basis).</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000035417Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra MFG Core Infrastructure Fund <br />(the "Fund") is long-term capital appreciation.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. The <br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same.</tt> <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in equity securities of infrastructure companies, such as utilities, toll roads, <br />airports, ports and communications companies. For purposes of the 80% policy, <br />net assets include any borrowings for investment purposes. The Fund will invest <br />in both U.S. and non-U.S. companies. The Fund's subadviser, Magellan Asset <br />Management Limited doing business as MFG Asset Management ("MFG Asset Management"), <br />seeks to provide investors with exposure to the infrastructure sector and to <br />deliver stable investment returns relative to other equity funds. The Fund invests <br />in a diversified portfolio of securities of infrastructure and utility companies <br />that MFG Asset Management has determined have an appropriate capital structure, <br />are likely to generate reliable income streams and are likely to benefit from <br />inflation protection.<br /> <br />The Fund's investment universe will principally consist of companies whose<br />predominant source of earnings is derived from the following infrastructure<br />assets:<br /> <br />&#xB7; Regulated energy utilities;<br /><br />&#xB7; Regulated water utilities;<br /> <br />&#xB7; Toll roads;<br /> <br />&#xB7; Airports;<br /> <br />&#xB7; Ports;<br /> <br />&#xB7; Communications infrastructure; and<br /> <br />&#xB7; Social infrastructure.<br /> <br />It is anticipated that the Fund's portfolio will generally consist of 80 to 100<br />companies.</tt> SUMMARY SECTION Example. "Other Expenses" and "Total Annual Fund Operating Expenses" are based on estimated amounts for the current fiscal year. Performance information for the Fund is not included because the Fund does not have returns for one full calendar year. Investment Objective. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.07 Performance. 1-888-825-2100 Annual Fund Operating Expense (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions, leading to fluctuations in the Fund's share<br />price.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value <br />or not increase in value when the stock market in general is rising.<br /> <br />Foreign Securities Risks. Investments in securities of foreign companies involve <br />additional risks, including less liquidity, currency-rate fluctuations, political <br />and economic instability and differences in financial reporting standards and <br />securities market regulation.<br /> <br />Currency Risks. The value of the Fund's foreign holdings as measured in U.S.<br />dollars may be affected unfavorably by changes in foreign currency exchange<br />rates. The Fund may also incur costs in connection with conversions between<br />various currencies.<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio management<br />team to produce the desired results.<br /> <br />Infrastructure Investment Risks. The Fund's investments in infrastructure<br />companies will expose the Fund to potential adverse economic, regulatory,<br />political and other changes affecting such investments. Issuers of securities<br />in infrastructure-related businesses are subject to a variety of factors that<br />may adversely affect their business or operations, including high interest <br />costs in connection with capital construction programs, high leverage, costs<br />associated with environmental or other regulations, the effects of economic<br />slowdowns, adverse changes in fuel prices, the effects of energy conservation<br />policies and other factors. Transportation infrastructure companies can be<br />significantly affected by economic changes, fuel prices, labor relations,<br />insurance costs and government regulations.<br /> <br />Utilities Industry Risks. Utility company revenues and costs are subject to<br />regulation by states and other regulators. Regulatory authorities also may<br />restrict a company's access to new markets. The deregulation of certain<br />utilities companies may subject these companies to greater risks of loss.<br />Utilities companies may incur unexpected increases in fuel and other operating <br />costs. Rising interest rates could lead to higher financing costs and reduced <br />earnings. Utilities are also subject to considerable costs associated with <br />environmental compliance, nuclear waste clean-up and safety regulation. There <br />is a risk that these costs will not be fully recovered through an increase in <br />revenues.<br /> <br />Small- and Medium-Capitalization Company Risks. Small-capitalization and<br />medium-capitalization companies are often more volatile and less liquid than<br />larger companies. Securities of these companies may be subject to greater and<br />more abrupt price fluctuations and may be more susceptible to market pressures<br />and business failures. Stocks of small and medium-sized companies may<br />underperform the stocks of larger companies as an asset class.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.frontegra.com <tt>Performance information for the Fund is not included because the Fund does <br />not have returns for one full calendar year. Updated performance data is <br />available on the Company's website at www.frontegra.com or by calling<br />toll-free to 1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and <br />hold Institutional Class shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000035417Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000035417Member column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> FMGIX 15.00 72 1417 -0.0585 -0.0200 0.0585 0.0070 2013-10-31 0.00 0.0070 0.0655 The Fund is non-diversified, which means it may invest more of its assets in a smaller number of companies than funds that are diversified. Gains or losses on a single stock may have greater impact on the Fund than for other funds that invest in a greater number of companies. <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the Fund's performance. <br />The Fund commenced operations on December 28, 2011 and, consequently, did not <br />have one full year of operations as of the end of its last fiscal year; however, <br />as of June 30, 2012, the Fund's portfolio turnover rate was 19% of the average <br />value of its portfolio (on an un-annualized basis).</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000035416Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra MFG Global Equity Fund <br />(the "Fund") is capital appreciation.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. The <br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same.</tt> <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in a non-diversified portfolio of publicly-traded equity securities issued by <br />U.S. and non-U.S. companies. For purposes of the 80% policy, net assets include <br />any borrowings for investment purposes. The Fund will normally be diversified <br />among at least three different countries. The Fund's subadviser, Magellan Asset <br />Management Limited doing business as MFG Asset Management ("MFG Asset Management"), <br />seeks to identify high quality companies at attractive prices while integrating <br />an in-depth macroeconomic understanding in order to manage risk. The Fund will <br />normally hold a concentrated number (generally 20 to 40) of companies, selected <br />on a value basis and typically with a market capitalization in excess of U.S. <br />$10 billion at the time of purchase.</tt> SUMMARY SECTION Example. Performance information for the Fund is not included because the Fund does not have returns for one full calendar year. Investment Objective. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.19 Performance. 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions, leading to fluctuations in the Fund's share<br />price.<br /> <br />Non-Diversification Risks. The Fund is non-diversified, which means it may<br />invest more of its assets in a smaller number of companies than funds that <br />are diversified. Gains or losses on a single stock may have greater impact <br />on the Fund than for other funds that invest in a greater number of companies.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value <br />or not increase in value when the stock market in general is rising.<br /> <br />Value Investing Risks. MFG Asset Management invests in companies that it<br />believes are undervalued. Such companies may never increase in price or pay<br />dividends, or may decline even further if the market fails to recognize the<br />company's value.<br /> <br />Large Capitalization Risks. Large-cap companies perform differently from, and<br />at times and for extended periods of time worse than, stocks of mid- and<br />small-cap companies. Larger, more established companies may be unable to<br />respond quickly to new competitive challenges.<br /> <br />Foreign Securities Risks. Investments in securities of foreign companies<br />involve additional risks, including less liquidity, currency-rate fluctuations,<br />political and economic instability and differences in financial reporting<br />standards and securities market regulation.<br /> <br />Currency Risks. The value of the Fund's foreign holdings as measured in U.S.<br />dollars may be affected unfavorably by changes in foreign currency exchange<br />rates. The Fund may also incur costs in connection with conversions between<br />various currencies.<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio manager to<br />produce the desired results.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.frontegra.com <tt>Performance information for the Fund is not included because the Fund does <br />not have returns for one full calendar year. Updated performance data is <br />available on the Company's website at www.frontegra.com or by calling <br />toll-free to 1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and <br />hold Institutional Class shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000035416Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000035416Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> FMGEX 15.00 82 329 -0.0034 1356 -0.0200 595 0.0034 0.0080 2013-10-31 0.00 0.0080 0.0114 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the Fund's <br />performance.&#xA0;&#xA0;During its most recent fiscal year, the Fund had a portfolio <br />turnover rate of 92% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000033175Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Lockwell Small Cap Value Fund (the "Fund") <br />is long-term capital appreciation.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. The <br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same.</tt> <tt>Under normal market conditions, the Fund invests at least 80% of its net <br />assets in a diversified portfolio of equity securities of small-capitalization <br />companies traded on U.S. exchanges. For purposes of the 80% policy, net assets <br />include any borrowings for investment purposes. Lockwell selects equity <br />securities of companies it believes are undervalued relative to the market or <br />in comparison to similar companies. The Fund may also invest up to 20% of its <br />total assets in real estate investment trusts ("REITs") and up to 25% of its <br />total assets in equity securities of foreign companies, including American <br />Depositary Receipts ("ADRs"). Lockwell defines a small capitalization company <br />as any company with a market capitalization no larger than the largest company <br />included in the Russell 2000&#xAE; Value Index at the time of initial investment. <br />As of September 30, 2012, the largest market capitalization of a company in the <br />Russell 2000&#xAE; Value Index was $3.8 billion and the weighted average market <br />capitalization was $1.1 billion. Lockwell primarily purchases securities of <br />companies with market capitalizations between $100 million to $2 billion at the <br />time of purchase.</tt> SUMMARY SECTION Example. Acquired Fund Fees and Expenses ("AFFE") are fees and expenses incurred by the Fund in connection with its investments in other investment companies. Total Annual Fund Operating Expenses shown will not correlate to the Fund's ratio of expenses to average net assets appearing in the Financial Highlights table, which does not include AFFE. Performance information for the Fund is not included because the Fund does not have returns for one full calendar year. Investment Objective. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.92 Performance. 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions, leading to fluctuations in the Fund's share<br />price.<br /> <br />Small-Capitalization Company Risks. Small-capitalization companies are often<br />more volatile, less liquid and are more susceptible to market pressures than<br />larger companies.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value <br />or not increase in value when the stock market in general is rising.<br /> <br />Value Investing Risks. Lockwell invests in companies that it believes are<br />undervalued. Such companies may never increase in price or pay dividends, or<br />may decline even further if the market fails to recognize the company's value.<br /> <br />REIT Risks. A REIT's share price may decline because of adverse developments<br />affecting the real estate industry, including changes in interest rates and how<br />well the underlying properties owned by the REIT are managed. The returns from<br />REITs may trail returns from the overall market. Additionally, there is a risk<br />that a REIT will fail to qualify for favorable tax treatment.<br /> <br />Foreign Securities and ADR Risks. Investments in securities of foreign companies <br />and ADRs involve additional risks, including less liquidity, currency-rate <br />fluctuations, political and economic instability and differences in financial <br />reporting standards and securities market regulation.&#xA0;&#xA0;<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio manager to<br />produce the desired results.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.lockwellinv.com <tt>Performance information for the Fund is not included because the Fund does not <br />have returns for one full calendar year. Updated performance data is available <br />on Lockwell's website at www.lockwellinv.com or by calling toll-free to <br />1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you <br />buy and hold Institutional Class shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000033175Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000033175Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> LOCSX 15.00 113 2024 -0.0853 7449 -0.0200 3762 0.0863 0.0100 2013-10-31 0.00 0.0111 0.0964 0.0001 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund <br />shares are held in a taxable account. These costs, which are not reflected in <br />annual fund operating expenses or in the example, affect the Fund's performance. <br />During its most recent fiscal year, the Fund had a portfolio turnover rate of <br />52% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000032914Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/BarChartData_S000032914Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra SAM Global Equity Fund (the "Fund") <br />is long-term growth of capital.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. The <br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same.</tt> reflects no deductions for fees, expense or taxes <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in a diversified portfolio of equity and equity-related securities issued by U.S. <br />and non-U.S. companies that combine their market and financial strategy with a <br />high level of environmental awareness and a clearly defined social policy <br />("Sustainable Leaders"). For purposes of the 80% policy, net assets include any <br />borrowings for investment purposes. As part of its principal investment strategy, <br />the Fund may invest in securities of foreign companies, including emerging markets <br />companies, and companies with medium and small market capitalizations, including <br />micro-cap stocks.</tt> SUMMARY SECTION Example. The after-tax returns for the Fund were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective. Please keep in mind that past performance (before and after taxes) does not necessarily represent how the Fund will perform in the future. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.52 Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Calendar Year Total Returns Performance. The following performance information provides some indication of the risks of investing in the Fund. The bar chart shows the changes in the Fund's performance before taxes for the past two years, while the table compares the average annual total returns of the Fund to a broad measure of market performance. <tt>The Fund's return from January 1, 2012 through September 30, 2012 was 7.46%. <br /><br />Best and Worst Quarterly Performance (during the periods shown above) <br /><br />Best Quarter Return&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Worst Quarter Return <br /><br />13.44% (3rd quarter, 2010) (20.15)% (3rd quarter, 2011)</tt> 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns (For the periods ended December 31, 2011) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions, leading to fluctuations in the Fund's share<br />price.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value <br />or not increase in value when the stock market in general is rising.<br /> <br />Foreign Securities Risks. The Fund's foreign investments involve additional<br />risks, including less liquidity, currency-rate fluctuations, political and<br />economic instability and differences in financial reporting standards and<br />securities market regulation.<br /> <br />Emerging Markets Risks. The risks of foreign investments typically are greater<br />in emerging markets due to factors such as smaller securities markets and lower<br />trading volumes, less developed legal and accounting structures, substantial<br />influence by an emerging market country's government over the private sector and<br />potential high levels of inflation, deflation or currency devaluations.<br /> <br />Sustainability Investment Criteria Risks. The Fund's sustainability investment<br />criteria may limit the number of investment opportunities available to the Fund.<br />The Fund's returns may be less than those funds that are not subject to such<br />investment considerations. Companies that promote sustainability goals may not<br />perform as well as companies that do not pursue such goals.<br /> <br />Currency Risks. The value of the Fund's foreign holdings as measured in U.S.<br />dollars may be affected unfavorably by changes in foreign currency exchange<br />rates. The Fund may also incur costs in connection with conversions between<br />various currencies.<br /> <br />Small- and Medium-Capitalization Company Risks. Small-capitalization and<br />medium-capitalization companies are often more volatile and less liquid than<br />larger companies. Securities of these companies may be subject to greater and<br />more abrupt price fluctuations and may be more susceptible to market pressures<br />and business failures.<br /> <br />Micro-Capitalization Company Risks. Micro-capitalization companies are<br />generally even more volatile and less liquid relative to small-capitalization,<br />medium-capitalization and large capitalization securities.<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio managers to<br />produce the desired results.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.frontegra.com <tt>The Fund is the successor to the SAM Sustainable Global Active Fund (the <br />"Predecessor Fund") pursuant to a reorganization that was completed on <br />June 10, 2011.&#xA0;&#xA0;Prior to this date, the Fund had no investment operations.<br />Accordingly, the performance and financial information for periods prior to<br />June 10, 2011 is historical information for the Predecessor Fund. The Fund <br />has investment objectives, strategies and policies virtually identical to <br />the Predecessor Fund, which was advised by Sustainable Asset Management USA, <br />Inc. ("SAM"), the current subadviser to the Fund.<br /> <br />The following performance information provides some indication of the risks <br />of investing in the Fund. The bar chart shows the changes in the Fund's<br />performance before taxes for the past two years, while the table compares the<br />average annual total returns of the Fund to a broad measure of market performance. <br />Please keep in mind that past performance (before and after taxes) does not <br />necessarily represent how the Fund will perform in the future.&#xA0;&#xA0;<br /> <br />Updated performance data is available on the Company's website at www.frontegra.com <br />or by calling toll-free to 1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and <br />hold shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000032914Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/PerformanceTableData_S000032914Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <tt>The after-tax returns for the Fund were calculated using the historical <br />highest individual federal marginal income tax rates and do not reflect <br />the impact of state and local taxes. Actual after-tax returns depend <br />on an investor's tax situation and may differ from those shown, and <br />after-tax returns are not relevant to investors who hold shares of the <br />Fund through tax-deferred arrangements, such as 401(k) plans or individual <br />retirement accounts.</tt> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000032914Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> MSCI World Index (Net) (reflects no deductions for fees, expense or taxes) -0.0554 0.1084 2009-06-18 Return After Taxes on Distributions and Sale of Fund Shares -0.0423 0.0863 2009-06-18 Return After Taxes on Distributions -0.0994 0.0884 2009-06-18 FSGLX Worst Quarter Return Best Quarter Return 15.00 2012-09-30 Return Before Taxes 122 2010-09-30 427 -0.2015 -0.0042 0.1352 1849 -0.0200 800 0.1344 -0.0843 0.0082 0.0080 2013-10-31 2011-09-30 The Fund's return from January 1, 2012 through September 30, 2012 -0.0843 0.00 0.0120 0.0162 0.1109 2009-06-18 0.0746 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not <br />reflected in annual fund operating expenses or in the example, affect the <br />Fund's performance. During its most recent fiscal year, the Fund had a <br />portfolio turnover rate of 50% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000030151Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/BarChartData_S000030151Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra Phocas Small Cap Value Fund <br />(the "Fund") is long-term total investment return through capital <br />appreciation. This investment objective is fundamental and may not be <br />changed without shareholder approval.</tt> <tt>The following example is intended to help you compare the cost of investing in <br />the Institutional Class shares of the Fund with the cost of investing in other <br />mutual funds. The example assumes that you invest $10,000 in the Fund for the <br />time periods indicated and then redeem all of your shares at the end of those <br />periods. The example also assumes that your investment has a 5% return each <br />year and that the Fund's operating expenses remain the same.</tt> reflects no deductions for fees, expenses or taxes <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in domestic common stocks and other equity securities (including convertible <br />preferred stocks and warrants) of small-capitalization companies, consistent <br />with companies within the Russell 2000&#xAE; Value Index. As of September 30, 2012, <br />the largest market capitalization of a company in the Russell 2000&#xAE; Value Index <br />was $3.8 billion and the weighted average market capitalization was $1.1 billion. <br />For purposes of the 80% policy, net assets include any borrowings for investment <br />purposes.<br /> <br />The Fund will pursue its investment objective by investing in a diversified<br />portfolio of small-capitalization securities selling at discounts to their fair<br />value as assessed by the investment and research team of Phocas Financial<br />Corporation ("Phocas"), the Fund's subadviser. Phocas will typically invest in<br />80 to 120 companies with initial weightings between 0.50% to 1.50% of total Fund<br />value in order to have broad industry representation and reduce individual<br />security risk within the Fund.</tt> SUMMARY SECTION Acquired Fund Fees and Expenses ("AFFE") are fees and expenses incurred by the Fund in connection with its investments in other investment companies. Total Annual Fund Operating Expenses shown will not correlate to the Fund's ratio of expenses to average net assets appearing in the Financial Highlights table, which does not include AFFE. Example. The after-tax returns for the Fund were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective. Please keep in mind that the Fund's past performance (before and after taxes) does not necessarily represent how it will perform in the future. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: The return after taxes on distributions and sale of Fund shares is higher than other return figures when a capital loss occurs upon the redemption of Fund shares. 0.50 Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Calendar Year Total Returns Performance. <tt>The after-tax returns for the Fund were calculated using the historical highest<br />individual federal marginal income tax rates and do not reflect the impact <br />of state and local taxes.&#xA0;&#xA0;Actual after-tax returns depend on an investor's <br />tax situation and may differ from those shown, and after-tax returns are not<br />relevant to investors who hold shares of the Fund through tax-deferred<br />arrangements, such as 401(k) plans or individual retirement accounts.<br /><br />The return after taxes on distributions and sale of Fund shares is higher <br />than other return figures when a capital loss occurs upon the redemption of <br />Fund shares.</tt> The return information provided in the following bar chart and table illustrates how the performance of the Fund can vary, which is one indication of the risks of investing in the Fund. The bar chart shows the changes in the Fund's performance from year to year. <tt>The Fund's return from January 1, 2012 through September 30, 2012 was 8.09%. <br /><br />Best and Worst Quarterly Performance (during the periods shown above) <br /><br />Best Quarter Return&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Worst Quarter Return <br /><br />22.69% (3rd quarter, 2009) (20.11)% (4th quarter, 2011)</tt> 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns (For periods ended December 31, 2011) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions, leading to fluctuations in the Fund's share<br />price.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value or<br />not increase in value when the stock market in general is rising.<br /> <br />Foreign Securities Risks. Investments in securities of foreign companies<br />involve additional risks, including less liquidity, currency-rate fluctuations,<br />political and economic instability and differences in financial reporting<br />standards and securities market regulation.<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio managers to<br />produce the desired results.<br /> <br />Small Capitalization Company Risks. Securities of companies with small market<br />capitalizations are often more volatile, less liquid and more susceptible to<br />market pressures than larger companies.<br /> <br />Value Investing Risks. The Fund invests primarily in value-style stocks, stocks<br />whose prices Phocas believes are undervalued in relation to fundamental measures. <br />Value stocks may never increase in price or pay dividends as anticipated by <br />Phocas, or may decline even further if the market fails to recognize the <br />company's value, if the factors that Phocas believes will increase the price do <br />not occur or if a stock judged to be undervalued is actually appropriately priced.<br /> <br />Sector Risks. Although Phocas selects stocks based on their individual merits,<br />some economic sectors will represent a larger portion of the Fund's overall<br />investment portfolio than other sectors. Potential negative market or economic<br />developments affecting one of the larger sectors could have a greater impact on<br />the Fund than on a fund with fewer holdings in that sector.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.frontegra.com <tt>The Fund is the successor to the Phocas Small Cap Value Fund (the "Predecessor <br />Fund") pursuant to a reorganization that was completed on October 8, 2010. <br />Prior to this date, the Fund had no investment operations. Accordingly, the <br />performance and financial information for periods prior to October 8, 2010 is <br />historical information for the Predecessor Fund. The Fund has investment <br />objectives, strategies and policies substantially similar to the Predecessor <br />Fund, which was advised by Phocas, the current subadviser to the Fund. The <br />Predecessor Fund was subject to different expenses than the Institutional Class <br />shares offered by this prospectus. Accordingly, the performance for the <br />Predecessor Fund may differ from that of the Fund.<br />&#xA0;&#xA0;<br />The return information provided in the following bar chart and table illustrates<br />how the performance of the Fund can vary, which is one indication of the risks<br />of investing in the Fund. The bar chart shows the changes in the Fund's<br />performance from year to year. The table shows how the Fund's average annual<br />returns compare with a broad measure of market performance. Please keep in mind<br />that the Fund's past performance (before and after taxes) does not necessarily<br />represent how it will perform in the future. Updated performance data is<br />available on the Company's website at www.frontegra.com or by calling toll-free<br />to 1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you <br />buy and hold Institutional Class shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000030151Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/PerformanceTableData_S000030151Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000030151Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2000® Value Index (reflects no deductions for fees, expenses or taxes) -0.0550 -0.0187 -0.0016 2006-09-29 Return After Taxes on Distributions and Sale of Fund Shares -0.0388 0.0095 0.0248 2006-09-29 Return After Taxes on Distributions -0.0600 0.0105 0.0283 2006-09-29 FPSVX Worst Quarter Return Best Quarter Return 15.00 2012-09-30 Return Before Taxes 128 2009-09-30 675 -0.2011 -0.0131 0.2994 2807 0.00 1248 -0.0746 0.2269 -0.0599 0.0141 -0.2468 0.0100 2013-10-31 2011-12-31 0.2429 0.0114 The Fund's return from January 1, 2012 through September 30, 2012 -0.0599 0.00 0.0126 0.0257 0.0292 2006-09-29 0.0809 0.0016 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not <br />reflected in annual fund operating expenses or in the example, affect the <br />Fund's performance. During its most recent fiscal year, the Fund's portfolio <br />turnover rate was 89% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000029404Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/BarChartData_S000029404Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra HEXAM Emerging Markets Fund <br />(the "Fund") is long-term capital growth.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. The <br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same.</tt> reflects no deductions for fees, expense or taxes <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in securities of emerging market companies. For purposes of the 80% policy, net <br />assets include any borrowings for investment purposes. The Fund invests primarily <br />in equity securities but may also invest in equity-related instruments and certain <br />fixed income securities. Equity-related instruments include American Depositary <br />Receipts ("ADRs"), Global Depositary Receipts ("GDRs"), Participatory Notes <br />("P-Notes") and convertible securities.&#xA0;&#xA0;HEXAM Capital Partners, LLP, the Fund's <br />subadviser ("HEXAM"), defines emerging markets as any market not included in the <br />MSCI World Index, which includes 21 developed market country indices. The Fund <br />will invest primarily in the markets represented in the MSCI Emerging Markets Index, <br />a free float-adjusted market capitalization index that is designed to measure the <br />market performance of emerging markets. As of September 30, 2012, the MSCI Emerging <br />Markets Index consisted of the following 21 emerging market country indices: Brazil, <br />Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, <br />Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, <br />Thailand and Turkey. HEXAM considers "emerging market companies" to be companies <br />organized under the laws of emerging market countries, have securities principally <br />traded on an exchange or over-the-counter in the emerging market countries or companies <br />that, regardless of where they are organized or traded, have at least 50% of assets <br />located in and/or derive at least 50% of their revenues from goods purchased or sold, <br />investments made or services performed in or with emerging market countries.<br /> <br />The Fund may invest up to 20% of its total assets in companies listed on regulated <br />exchanges of countries not included in the MSCI Emerging Markets Index (excluding <br />GDRs and ADRs of emerging market companies). The Fund may also invest up to 20% of <br />its total assets in government-backed fixed income securities issued by governments <br />included in the MSCI Emerging Markets Index.</tt> SUMMARY SECTION Acquired Fund Fees and Expenses ("AFFE") are fees and expenses incurred by the Fund in connection with its investment in other investment companies. Total Annual Fund Operating Expenses shown will not correlate to the Fund's ratio of expenses to average net assets appearing in the Financial Highlights table, which does not include AFFE. Example. The after-tax returns for the Fund were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective. Please keep in mind that the Fund's past performance (before and after taxes) does not necessarily represent how it will perform in the future. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.89 Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Calendar Year Total Returns Performance. The bar chart and table show the historical performance of the Fund and provide some indication of the risks of investing in the Fund. The bar chart shows the Fund's total returns before taxes for the past year, while the table shows how the Fund's average annual returns compare with a broad measure of market performance. <tt>The Fund's return from January 1, 2012 through September 30, 2012 was 0.00%. <br /><br />Best and Worst Quarterly Performance (during the periods shown above) <br /><br />Best Quarter Return&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Worst Quarter Return <br /><br />7.49% (4th quarter, 2011) (30.84)% (3rd quarter, 2011)</tt> 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns (For the periods ended December 31, 2011) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions.&#xA0;&#xA0;<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value or<br />not increase in value when the stock market in general is rising.<br /> <br />Liquidity Risks. Liquidity risk is the risk that certain securities may be<br />difficult or impossible to sell at the time and price that HEXAM would like <br />to sell. HEXAM may have to lower the price, sell other securities instead or<br />forego an investment opportunity.<br /> <br />Foreign Securities Risks. Investments in securities of foreign companies<br />involve additional risks, including less liquidity, currency-rate fluctuations,<br />political and economic instability and differences in financial reporting<br />standards and securities market regulation.<br /> <br />Currency Risks. The value of the Fund's foreign securities as measured in U.S.<br />dollars may be affected unfavorably by changes in foreign currency exchange<br />rates. The Fund may also incur costs in connection with conversions between<br />various currencies.<br /> <br />ADR and GDR Risks. The risks of ADRs and GDRs include many of the risks associated <br />with investing directly in foreign securities, such as currency-rate fluctuations <br />and political and economic instability.<br /> <br />P-Note Risks. The risks of P-Notes also include many of the risks associated<br />investing directly in foreign securities. Additionally, P-Notes may be subject<br />to counterparty risk, which is the risk that the broker-dealer or bank that<br />issues the notes will not fulfill its contractual obligations under the notes.<br /> <br />Emerging Markets Risks. The risks of foreign investments typically are greater<br />in emerging markets due to factors such as smaller securities markets and lower<br />trading volumes, less developed legal and accounting structures, substantial<br />influence by an emerging market country's government over the private sector and<br />potential high levels of inflation, deflation or currency devaluations.<br /> <br />Settlement Risks. Settlement problems, which could result in periods when assets <br />of the Fund are not invested and no return is earned thereon or restrictions on <br />the Fund's ability to dispose of a portfolio security, are more prominent in <br />emerging market countries.<br /> <br />Region or Sector Risks. The Fund may invest a higher percentage of its total<br />assets in a particular country, region or sector of international markets, which<br />may have a significant impact on the Fund's overall portfolio.<br /> <br />Non-U.S. Government-Backed Fixed Income Securities Risks. The Fund may invest<br />in government-backed fixed income securities issued by the governments of<br />countries included in the MSCI Emerging Markets Index, such as "non-dollar<br />bonds" or U.S. dollar foreign bonds. Indirect foreign currency risk and the<br />other foreign risk factors apply to the foreign issuers of U.S. dollar foreign<br />bonds. Investments in non-U.S. Government securities are also subject to<br />varying degrees of credit risk (the risk that an issuer may be unable to meet<br />scheduled interest and principal payment obligations or may default) and<br />interest rate risk (the risk that bond prices generally fall as interest rates<br />rise).<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio. There can be no guarantee that the decisions of the<br />portfolio managers will produce the desired results.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.frontegra.com <tt>The bar chart and table show the historical performance of the Fund and provide <br />some indication of the risks of investing in the Fund. The bar chart shows the <br />Fund's total returns before taxes for the past year, while the table shows how <br />the Fund's average annual returns compare with a broad measure of market <br />performance.&#xA0;&#xA0;Please keep in mind that the Fund's past performance (before and <br />after taxes) does not necessarily represent how it will perform in the future. <br />Updated performance data is available on the Company's website at www.frontegra.com <br />or by calling toll-free to 1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you <br />buy and hold shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000029404Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/PerformanceTableData_S000029404Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <tt>The after-tax returns for the Fund were calculated using the historical <br />highest individual federal marginal income tax rates and do not reflect <br />the impact of state and local taxes. Actual after-tax returns depend on <br />an investor's tax situation and may differ from those shown, and <br />after-tax returns are not relevant to investors who hold shares of the <br />Fund through tax-deferred arrangements, such as 401(k) plans or individual <br />retirement accounts.</tt> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000029404Member column primary compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * ~</div> MSCI Emerging Markets Index (Net) (reflects no deductions for fees, expense or taxes) -0.1842 -0.1501 2010-12-20 Return After Taxes on Distributions and Sale of Fund Shares -0.1943 -0.2412 2010-12-20 Return After Taxes on Distributions -0.3051 -0.2860 2010-12-20 FHEMX Worst Quarter Return Best Quarter Return 15.00 2012-09-30 Return Before Taxes 133 2011-12-31 489 -0.3084 -0.0035 1936 -0.0200 869 0.0749 -0.3056 0.0075 0.0090 2013-10-31 2011-09-30 The Fund's return from January 1, 2012 through September 30, 2012 -0.3056 0.00 0.0131 0.0166 -0.2866 2010-12-20 0.0000 0.0001 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the Fund's performance. <br />During its most recent fiscal year, the Fund had a portfolio turnover rate of 138% <br />of the average value of its portfolio.</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000022841Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra Timpani Small Cap Growth Fund (the "Fund") <br />is capital appreciation.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. The <br />example also assumes that your investment has a 5% return each year and that <br />the Fund's operating expenses remain the same.</tt> <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in equity securities of small capitalization companies that the Fund's investment <br />adviser, Timpani Capital Management LLC ("Timpani"), believes have sound growth <br />potential. For purposes of the 80% policy, net assets include any borrowings for <br />investment purposes. The Fund may invest up to 25% of its total assets in American <br />Depositary Receipts ("ADRs") and other foreign securities. Timpani uses fundamental <br />research, focusing on companies with superior management and whose business models <br />have a high potential for earnings upside. Timpani may actively trade portfolio <br />securities.</tt> SUMMARY SECTION Example. Performance information for the Fund is not included because the Fund does not have returns for one full calendar year. Investment Objective. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 1.38 Performance. 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value <br />or not increase in value when the stock market in general is rising.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by the<br />Fund will fluctuate in value based on the earnings of the company and on general<br />industry and market conditions, leading to fluctuations in the Fund's share price.<br /> <br />Foreign Securities Risks. Investments in securities of foreign companies<br />involve additional risks, including less liquidity, currency-rate fluctuations,<br />political and economic instability and differences in financial reporting<br />standards and securities market regulation.<br /> <br />American Depositary Receipts Risks. The risks of ADRs include many of the risks<br />associated with investing directly in foreign securities, such as currency-rate<br />fluctuations and political and economic instability.<br /> <br />Portfolio Turnover Risks. The Fund may engage in frequent trading as part of<br />its investment strategy and thus may experience a high portfolio turnover rate.<br />When the Fund experiences a high portfolio turnover rate, you may realize<br />significant taxable capital gains as a result of frequent trading of the Fund's<br />assets and the Fund will incur transaction costs in connection with buying and<br />selling securities, which may lower the Fund's return.<br /> <br />Liquidity Risks. Liquidity risk is the risk that certain securities may be<br />difficult or impossible to sell at the time and price that Timpani would like to<br />sell. Timpani may have to lower the price, sell other securities instead or<br />forego an investment opportunity.<br /> <br />Growth Investing Risks. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br />Additionally, growth stocks typically lack the dividend yield that can cushion<br />stock prices in market downturns.<br /> <br />Small Capitalization Risks. Securities of companies with small market<br />capitalizations are often more volatile, less liquid and more susceptible to<br />market pressures than securities of larger companies.<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio manager to<br />produce the desired results.</tt> Fees and Expenses of the Fund. Principal Investment Strategy. www.frontegra.com <tt>Performance information for the Fund is not included because the Fund does <br />not have returns for one full calendar year. Updated performance data is <br />available on the Company's website at www.frontegra.com or by calling <br />toll-free to 1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold <br />shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000022841Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000022841Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> FTSGX 15.00 112 1200 -0.0415 4967 0.00 2283 0.0425 0.0100 2013-10-31 0.0000 0.0110 0.0525 FTSYX 15.00 153 1315 -0.0415 5264 0.00 2461 0.0440 0.0100 2013-10-31 0.0025 0.0150 0.0565 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />Fund shares are held in a taxable account. These costs, which are not <br />reflected in annual fund operating expenses or in the example, affect the <br />Fund's performance. During its most recent fiscal year, the Fund had a<br />portfolio turnover rate of 28% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.frontegra.com/role/ExpenseExample_S000000730Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/BarChartData_S000000730Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the Frontegra Netols Small Cap Value Fund (the "Fund") <br />is capital appreciation.</tt> <tt>The following example is intended to help you compare the cost of investing <br />in the shares of the Fund with the cost of investing in other mutual funds. <br />The example assumes that you invest $10,000 in the Fund for the time periods <br />indicated and then redeem all of your shares at the end of those periods. <br />The example also assumes that your investment has a 5% return each year and <br />that the Fund's operating expenses remain the same.</tt> reflects no deductions for fees, expense or taxes <tt>Under normal market conditions, the Fund invests at least 80% of its net assets <br />in equity securities of companies with small market capitalizations. For purposes <br />of the 80% policy, net assets include any borrowings for investment purposes. In <br />constructing a portfolio for the Fund, the Fund's subadviser, Netols Asset <br />Management, Inc. ("Netols"), selects stocks it believes are undervalued and <br />exhibit potential "change factor" characteristics. Netols defines a small <br />capitalization company as any company with a market capitalization no larger <br />than the largest company included in the Russell 2000&#xAE; Value Index at the time <br />of initial investment. As of September 30, 2012, the largest market capitalization <br />of a company in the Russell 2000&#xAE; Value Index was $3.8 billion and the weighted <br />average market capitalization was $1.1 billion.</tt> SUMMARY SECTION Example. The after-tax returns for the Fund were calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective. Please keep in mind that the Fund's past performance (before and after taxes) does not necessarily represent how it will perform in the future. If the value of the Fund's investments goes down, the share price of the Fund will go down, and you may lose money. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.28 Actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Calendar Year Total Returns for Institutional Class Shares Performance. The return information provided in the following bar chart and table illustrates how the performance of the Fund can vary, which is one indication of the risks of investing in the Fund. The bar chart shows the changes in the Fund's performance from year to year. <tt>The Fund's return from January 1, 2012 through September 30, 2012 was 11.84%.<br /><br />Best and Worst Quarterly Performance (during the periods shown above) <br /><br />Best Quarter Return&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;Worst Quarter Return&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />19.58% (2nd quarter, 2009) (25.16)% (3rd quarter, 2011)</tt> 1-888-825-2100 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns (For the periods ended December 31, 2011) Portfolio Turnover. <tt>Market Risks. The Fund's investments are subject to market risk, which may<br />cause the value of the Fund's investments to decline. If the value of the<br />Fund's investments goes down, the share price of the Fund will go down, and <br />you may lose money. U.S. and international markets have experienced extreme<br />volatility, reduced liquidity, credit downgrades, increased likelihood of<br />default and valuation difficulties in recent years.<br /> <br />Equity Securities Risks. Common stocks and other equity securities held by <br />the Fund will fluctuate in value based on the earnings of the company and <br />on general industry and market conditions, leading to fluctuations in the <br />Fund's share price.<br /> <br />Stock Selection Risks. The stocks selected for the Fund may decline in value <br />or not increase in value when the stock market in general is rising.<br /> <br />Value Investing Risks. Netols invests in companies that it believes are<br />undervalued. Such companies may never increase in price or pay dividends, <br />or may decline even further if the market fails to recognize the company's <br />value.<br /> <br />Small Capitalization Company Risks. Securities of companies with small market<br />capitalizations are often more volatile, less liquid and more susceptible to<br />market pressures than larger companies.<br /> <br />Management Risks. The Fund is subject to management risk as an actively-managed<br />investment portfolio and depends on the decisions of the portfolio manager to<br />produce the desired results.</tt> Fees and Expenses of the Fund. After-tax returns are shown only for Institutional Class shares, and the after-tax returns for the Class Y shares will vary. Principal Investment Strategy. www.frontegra.com <tt>The return information provided in the following bar chart and table illustrates <br />how the performance of the Fund can vary, which is one indication of the risks <br />of investing in the Fund. The bar chart shows the changes in the Fund's <br />performance from year to year. The table shows how the Fund's average annual <br />returns compare with a broad measure of market performance. Please keep in mind <br />that the Fund's past performance (before and after taxes) does not necessarily <br />represent how it will perform in the future. Updated performance data is available <br />on the Company's website at www.frontegra.com or by calling toll-free to <br />1-888-825-2100.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold <br />shares of the Fund.</tt> <div style="display:none">~ http://www.frontegra.com/role/OperatingExpensesData_S000000730Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.frontegra.com/role/PerformanceTableData_S000000730Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <tt>After-tax returns are shown only for Institutional Class shares, and the<br />after-tax returns for the Class Y shares will vary. The after-tax returns <br />for the Fund were calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local<br />taxes. Actual after-tax returns depend on an investor's tax situation and <br />may differ from those shown, and after-tax returns are not relevant to <br />investors who hold shares of the Fund through tax-deferred arrangements, <br />such as 401(k) plans or individual retirement accounts.</tt> <div style="display:none">~ http://www.frontegra.com/role/ShareholderFeesData_S000000730Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2000 Value Index (reflects no deductions for fees, expense or taxes) -0.0550 -0.0187 0.0170 2005-12-16 -0.0079 2007-11-01 Return After Taxes on Distributions and Sale of Fund Shares -0.0299 0.0142 0.0325 2005-12-16 Return After Taxes on Distributions -0.0460 0.0161 0.0372 2005-12-16 FNSYX 15.00 Return Before Taxes 153 499 -0.0012 1912 0.00 870 -0.0503 0.0037 0.0100 2013-10-31 0.0025 0.0150 0.0162 -0.0056 2007-11-01 FNSVX Worst Quarter Return Best Quarter Return 15.00 2012-09-30 Return Before Taxes 112 2009-06-30 375 -0.2516 -0.0012 0.2081 1467 0.00 659 0.0708 0.1958 -0.0460 0.0022 -0.2565 0.0100 2013-10-31 2011-09-30 0.1838 0.0167 The Fund's return from January 1, 2012 through September 30, 2012 -0.0460 0.0000 0.0110 0.0122 0.1657 0.0380 2005-12-16 0.1184 0001014913 ck0001014913:SummaryS000000730Memberck0001014913:S000000730Memberck0001014913:C000002120Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000000730Memberck0001014913:S000000730Memberck0001014913:C000054396Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000000730Memberck0001014913:S000000730Memberrr:AfterTaxesOnDistributionsMemberck0001014913:C000002120Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000000730Memberck0001014913:S000000730Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001014913:C000002120Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000000730Memberck0001014913:S000000730Memberck0001014913:RRINDEX00001Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000000730Memberck0001014913:S000000730Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000022841Memberck0001014913:S000022841Memberck0001014913:C000066233Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000022841Memberck0001014913:S000022841Memberck0001014913:C000066234Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000022841Memberck0001014913:S000022841Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000029404Memberck0001014913:S000029404Memberck0001014913:C000090312Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000029404Memberck0001014913:S000029404Memberrr:AfterTaxesOnDistributionsMemberck0001014913:C000090312Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000029404Memberck0001014913:S000029404Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001014913:C000090312Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000029404Memberck0001014913:S000029404Memberck0001014913:RRINDEX00002Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000029404Memberck0001014913:S000029404Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000030151Memberck0001014913:S000030151Memberck0001014913:C000092611Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000030151Memberck0001014913:S000030151Memberrr:AfterTaxesOnDistributionsMemberck0001014913:C000092611Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000030151Memberck0001014913:S000030151Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001014913:C000092611Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000030151Memberck0001014913:S000030151Memberck0001014913:RRINDEX00001Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000030151Memberck0001014913:S000030151Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000032914Memberck0001014913:S000032914Memberck0001014913:C000101587Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000032914Memberck0001014913:S000032914Memberrr:AfterTaxesOnDistributionsMemberck0001014913:C000101587Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000032914Memberck0001014913:S000032914Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001014913:C000101587Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000032914Memberck0001014913:S000032914Memberck0001014913:RRINDEX00003Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000032914Memberck0001014913:S000032914Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000033175Memberck0001014913:S000033175Memberck0001014913:C000102117Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000033175Memberck0001014913:S000033175Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000035416Memberck0001014913:S000035416Memberck0001014913:C000108789Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000035416Memberck0001014913:S000035416Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000035417Memberck0001014913:S000035417Memberck0001014913:C000108790Member 2012-11-01 2012-11-01 0001014913 ck0001014913:SummaryS000035417Memberck0001014913:S000035417Member 2012-11-01 2012-11-01 0001014913 2012-11-01 2012-11-01 pure iso4217:USD The Institutional Class and Class Y commenced operations on December 16, 2005 and November 1, 2007, respectively. Other Expenses" of the Class Y shares include a shareholder servicing fee of 0.15%. Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra"), the Fund's investment adviser, and the Fund, Frontegra has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses ("AFFE") and extraordinary expenses) do not exceed 1.10% and 1.50% of the Fund's average daily net assets for the Institutional Class and Class Y shares, respectively. Frontegra is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Frontegra or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. "Other Expenses" of the Class Y shares include a shareholder servicing fee of 0.15%. Pursuant to an expense cap agreement between Timpani Capital Management LLC, the Fund's investment adviser ("Timpani"), and the Fund, Timpani has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses ("AFFE") and extraordinary expenses) do not exceed 1.10% and 1.50% of the Fund's average daily net assets for the Institutional Class and Class Y shares, respectively. Timpani is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Timpani or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. Acquired Fund Fees and Expenses ("AFFE") are fees and expenses incurred by the Fund in connection with its investment in other investment companies. Total Annual Fund Operating Expenses shown will not correlate to the Fund's ratio of expenses to average net assets appearing in the Financial Highlights table, which does not include AFFE. Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra"), the Fund's investment adviser, and the Fund, Frontegra has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, AFFE and extraordinary expenses) do not exceed 1.30% of the Fund's average daily net assets. Frontegra is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Frontegra or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. Acquired Fund Fees and Expenses ("AFFE") are fees and expenses incurred by the Fund in connection with its investments in other investment companies. Total Annual Fund Operating Expenses shown will not correlate to the Fund's ratio of expenses to average net assets appearing in the Financial Highlights table, which does not include AFFE. Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra"), the Fund's investment adviser, and the Fund, Frontegra has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, AFFE and extraordinary expenses) do not exceed 1.10% of the Fund's average daily net assets for the Institutional Class shares. Frontegra is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Frontegra or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements and have been restated to reflect estimated current expenses due to a decrease in the Fund's assets since fiscal year end. Returns for calendar years 2007-2009 and for the period from January 1, 2010 to October 7, 2010 reflect the performance of the Predecessor Fund. Returns for the period from October 8, 2010 to December 31, 2011 reflect the performance of the Class L shares of the Fund. Effective November 1, 2012, the Class L shares were redesignated as Institutional Class shares. Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra"), the Fund's investment adviser, and the Fund, Frontegra has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses ("AFFE") and extraordinary expenses) do not exceed 1.20% of the Fund's average daily net assets. Frontegra is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Frontegra or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. Returns for the 2010 calendar year and the period from January 1, 2010 through June 10, 2011 reflect the performance of the Predecessor Fund. Fund returns for the period from June 18, 2009 to June 10, 2011 reflect the performance of the Predecessor Fund. Pursuant to an expense cap agreement between Lockwell Investments, LLC, the Fund's investment adviser ("Lockwell"), and the Fund, Lockwell has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, AFFE and extraordinary expenses) do not exceed 1.10% of the Fund's average daily net assets. Lockwell is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Lockwell or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra"), the Fund's investment adviser, and the Fund, Frontegra has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses ("AFFE") and extraordinary expenses) do not exceed 0.80% of the Fund's average daily net assets. Frontegra is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Frontegra or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. "Other Expenses" and "Total Annual Fund Operating Expenses" are based on estimated amounts for the current fiscal year. Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra"), the Fund's investment adviser, and the Fund, Frontegra has contractually agreed to waive its management fee and/or reimburse the Fund's operating expenses to the extent necessary to ensure that the Fund's total operating expenses (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses ("AFFE") and extraordinary expenses) do not exceed 0.70% of the Fund's average daily net assets. Frontegra is entitled to recoup the fees waived and/or expenses reimbursed within a three-year period from the time the expenses were incurred to the extent of the expense limitation. The expense cap agreement will continue in effect until October 31, 2013 with successive renewal terms of one year unless terminated by Frontegra or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements. The Fund commenced operations on September 29, 2006. Fund returns for the period from September 29, 2006 to October 7, 2010 reflect the performance of the Predecessor Fund. Fund returns for the period from October 8, 2010 to December 31, 2011 reflect the performance of the Class L shares of the Fund. Effective November 1, 2012, the Class L shares were redesignated as Institutional Class shares. EX-101.SCH 3 ck0001014913-20120630.xsd SCHEMA DOCUMENT 00101 - Document - Document And Entity Information {Elements} link:calculationLink link:presentationLink link:definitionLink 01102 - Document - Risk/Return Summary {Unlabeled} (Frontegra SAM Global Equity Fund) link:calculationLink link:presentationLink link:definitionLink 01103 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 01104 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 01105 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 01106 - Schedule - Annual Total Returns link:calculationLink link:presentationLink link:definitionLink 01107 - Schedule - Average Annual Total Returns {Transposed} link:calculationLink link:presentationLink link:definitionLink 06109 - Document - Risk/Return Summary {Unlabeled} (Frontegra HEXAM Emerging Markets Fund) link:calculationLink link:presentationLink link:definitionLink 06110 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06111 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06112 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06113 - Schedule - Annual Total Returns link:calculationLink link:presentationLink link:definitionLink 06114 - Schedule - Average Annual Total Returns {Transposed} link:calculationLink link:presentationLink link:definitionLink 06115 - Disclosure - Risk/Return Detail Data {Elements} (Frontegra HEXAM Emerging Markets Fund) link:calculationLink link:presentationLink link:definitionLink 06116 - Document - Risk/Return Summary {Unlabeled} (Frontegra Timpani Small Cap Growth Fund) link:calculationLink link:presentationLink link:definitionLink 06117 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06118 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06119 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06120 - Disclosure - Risk/Return Detail Data {Elements} (Frontegra Timpani Small Cap Growth Fund) link:calculationLink link:presentationLink link:definitionLink 06121 - Document - Risk/Return Summary {Unlabeled} (Frontegra Netols Small Cap Value Fund) link:calculationLink link:presentationLink link:definitionLink 06122 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06123 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06124 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06125 - Schedule - Annual Total Returns link:calculationLink link:presentationLink link:definitionLink 06126 - Schedule - Average Annual Total Returns {Transposed} link:calculationLink link:presentationLink link:definitionLink 06127 - Disclosure - Risk/Return Detail Data {Elements} (Frontegra Netols Small Cap Value Fund) link:calculationLink link:presentationLink link:definitionLink 06128 - Document - Risk/Return Summary {Unlabeled} (Frontegra Phocas Small Cap Value Fund) link:calculationLink link:presentationLink link:definitionLink 06129 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06130 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06131 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06132 - Schedule - Annual Total Returns link:calculationLink link:presentationLink link:definitionLink 06133 - Schedule - Average Annual Total Returns {Transposed} link:calculationLink link:presentationLink link:definitionLink 06134 - Disclosure - Risk/Return Detail Data {Elements} (Frontegra Phocas Small Cap Value Fund) link:calculationLink link:presentationLink link:definitionLink 06135 - Document - Risk/Return Summary {Unlabeled} (Frontegra MFG Core Infrastructure Fund) link:calculationLink link:presentationLink link:definitionLink 06136 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06137 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06138 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06139 - Disclosure - Risk/Return Detail Data {Elements} (Frontegra MFG Core Infrastructure Fund) link:calculationLink link:presentationLink link:definitionLink 06140 - Document - Risk/Return Summary {Unlabeled} (Frontegra MFG Global Equity Fund) link:calculationLink link:presentationLink link:definitionLink 06141 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06142 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06143 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06144 - Disclosure - Risk/Return Detail Data {Elements} (Frontegra MFG Global Equity Fund) link:calculationLink link:presentationLink link:definitionLink 06145 - Document - Risk/Return Summary {Unlabeled} (Lockwell Small Cap Value Fund) link:calculationLink link:presentationLink link:definitionLink 06146 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 06147 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 06148 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 06149 - Disclosure - Risk/Return Detail Data {Elements} (Lockwell Small Cap Value Fund) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 4 ck0001014913-20120630_cal.xml CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0001014913-20120630_def.xml DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0001014913-20120630_lab.xml LABEL LINKBASE DOCUMENT