0000894189-12-005744.txt : 20121005 0000894189-12-005744.hdr.sgml : 20121005 20121005150655 ACCESSION NUMBER: 0000894189-12-005744 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121005 DATE AS OF CHANGE: 20121005 EFFECTIVENESS DATE: 20121005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS CENTRAL INDEX KEY: 0001141819 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-62298 FILM NUMBER: 121132130 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147655067 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: ZODIAC TRUST DATE OF NAME CHANGE: 20010601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS CENTRAL INDEX KEY: 0001141819 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-10401 FILM NUMBER: 121132131 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147655067 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES LLC STREET 2: 615 EAST MICHIGAN ST 2ND FLOOR CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: ZODIAC TRUST DATE OF NAME CHANGE: 20010601 0001141819 S000028010 Barrett Growth Fund C000085208 Barrett Growth Fund BGRWX 485BPOS 1 brrttgrwthtpm-485b_xbrl.htm POST EFFECTIVE AMENDMENT FOR XBRL Unassociated Document

As filed with the Securities and Exchange Commission on October 5, 2012
1933 Act Registration File No. 333-62298
1940 Act File No. 811-10401

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
[X]
Pre-Effective Amendment No.
   
[   ]
Post-Effective Amendment No.
339
 
[X]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
[X]
Amendment No.
341
 
[X]
 
 
TRUST FOR PROFESSIONAL MANAGERS
(Exact Name of Registrant as Specified in Charter)

615 East Michigan Street
Milwaukee, Wisconsin 53202
(Address of Principal Executive Offices) (Zip Code)
 (Registrant’s Telephone Number, including Area Code) (414) 287-3338

Rachel A. Spearo, Esq.
U.S. Bancorp Fund Services, LLC
615 East Michigan Street, 2nd Floor
Milwaukee, Wisconsin 53202
(Name and Address of Agent for Service)

Copies to:
Carol A. Gehl, Esq.
Godfrey & Kahn, S.C.
780 North Water Street
Milwaukee, Wisconsin 53202
(414) 273-3500

It is proposed that this filing will become effective (check appropriate box)

[X]
Immediately upon filing pursuant to Rule 485(b).
[   ]
on (date) pursuant to Rule 485(b).
[   ]
on (date) pursuant to Rule 485(a)(1).
[   ]
60 days after filing pursuant to Rule 485 (a)(1).
[   ]
75 days after filing pursuant to Rule 485 (a)(2).
[   ]
on (date) pursuant to Rule 485(a)(2).

If appropriate, check the following box:

[X]
 
This PEA No. 339 hereby incorporates Parts A, B and C from the Fund’s PEA No. 331 on Form N-1A filed September 21, 2012.  This PEA No. 339 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 331.
 
 
 
 
1

 
 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, (the “Act”) and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 339 to its Registration Statement meets all of the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Act and the Registrant has duly caused this Post-Effective Amendment No. 339 to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the County of Milwaukee and State of Wisconsin, on the 5th day of October, 2012.


TRUST FOR PROFESSIONAL MANAGERS

By:  /s/ John P. Buckel
John P. Buckel
Vice President, Treasurer and Principal Accounting Officer


Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 339 to its Registration Statement has been signed below on October 5, 2012, by the following persons in the capacities indicated.

Signature
 
Title
Joseph C. Neuberger*
Joseph C. Neuberger
 
Chairperson, President and Trustee
Dr. Michael D. Akers*
Dr. Michael D. Akers
 
Independent Trustee
Gary A. Drska*
Gary A. Drska
 
Independent Trustee
Jonas B. Siegel*
Jonas B. Siegel
 
Independent Trustee
* By:      /s/ John Buckel                                                     
 
 
John Buckel
*Attorney-in-Fact pursuant to Power of Attorney
previously filed with Registrant’s Post-Effective
Amendment No. 289 to its Registration Statement
on Form N-1A with the SEC on February 15, 2012,
and is incorporated by reference.
 
 
 
2

 
 
 
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



3

EX-101.INS 2 ck0001141819-20120531.xml INSTANCE DOCUMENT 485BPOS 2012-05-31 0001141819 2012-09-28 TRUST FOR PROFESSIONAL MANAGERS false 2012-09-21 2012-09-28 <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 transaction costs, and potentially<br />higher taxes, which are not reflected in the annual fund operating expenses, or<br />in the Example, affect the Fund's performance. During the most recent fiscal<br />year, the Fund's portfolio turnover rate was 19.27% of the average value of its<br />portfolio.</tt> <div style="display:none">~ http://www.barrettasset.com/role/ExpenseExample_S000028010Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.barrettasset.com/role/BarChartData_S000028010Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Barrett Growth Fund (the "Fund") seeks to achieve long-term capital<br />appreciation and to maximize after-tax returns.</tt> <tt>This Example is intended to help you compare the costs of investing in the Fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the Fund for the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the Fund's operating expenses<br />remain the same. The fee waiver/expense reimbursement arrangement discussed <br />in the table above is reflected only through September 28, 2013.</tt> reflects no deductions for fees, expenses, or taxes <tt>The Fund invests primarily in a diversified portfolio of common stocks of large-<br />and mid-cap U.S. companies selected by the Adviser. The Fund considers mid-cap<br />companies to be companies with market capitalizations of approximately $1<br />billion to $10 billion and large-cap companies to be companies with market<br />capitalizations greater than $10 billion. The Fund may also purchase securities<br />with an equity component, such as preferred stock, warrants, rights or other<br />securities that are convertible into or exchangeable for shares of common<br />stock. The Fund may invest up to 25% of its net assets in foreign securities,<br />and will normally make such investments through the purchase of American<br />Depositary Receipts ("ADRs").<br /> <br />The Fund takes a conservative approach to growth stock investing that emphasizes<br />"Growth at a Reasonable Price." The Fund invests in common stocks of high-quality <br />companies that Barrett believes have superior growth potential and stocks that can <br />be purchased at reasonable prices. The Fund makes investments in companies that <br />have solid long-term earnings prospects and the Fund expects to hold these investments <br />for prolonged periods of time, thereby avoiding short-term capital gains. The Adviser <br />focuses on identifying companies that will produce earnings and cash flow growth in <br />excess of companies in the Standard &amp; Poor's 500 Composite Stock Price Index ("S&amp;P <br />500&#xAE; Index"). The Adviser makes investments in companies that it believes produce <br />superior earnings at reasonable valuations. Superior relative earnings growth is <br />usually driven by new products and services; niche products in growth sectors and <br />industries; open-ended global growth opportunities; and cyclical companies whose <br />margins are benefiting from a recovery in their respective industries. Stocks are <br />sold when there is likely to be deterioration in earnings growth or other financial<br />metrics, including balance sheet items. Maintaining a competitive industry position <br />and management stability are also important factors in retaining a company position. <br />Unusually weak relative stock market performance is another signal that prompts the <br />Adviser to immediately reevaluate a holding.<br /> <br />The Adviser mitigates risk in several ways. In order to invest in a specific<br />company the Adviser carefully analyzes the company's balance sheet and overall<br />ability to withstand adverse economic conditions. More broadly, the Adviser<br />diversifies the portfolio across multiple industries, economic sectors and<br />geographic regions to reduce the risk of a particular industry's or region's<br />weakness adversely affecting the total Fund. Since the Adviser focuses on buying<br />companies at reasonable valuations, the risk of overpaying for companies with<br />strong earnings growth is also reduced. The Fund invests in companies across the<br />large - and mid-capitalization spectrum which provides the Fund with exposure to<br />companies of different revenue and earnings levels. Finally, the Fund emphasizes<br />objectivity in evaluating existing holdings and sells holdings when the<br />fundamental outlook for a company is expected to deteriorate.<br /> <br />From time to time, the Fund may purchase options, futures contracts or other<br />instruments, such as depositary receipts, that relate to a particular stock<br />index, to allow the Fund to quickly invest excess cash in order to gain <br />exposure to the markets until the Fund can purchase individual stocks.</tt> Barrett Growth Fund Please note that Total Annual Fund Operating Expenses in the table above do not correlate to the Expenses to Average Net Assets found within the "Financial Highlights" section of this prospectus, which do not include Acquired Fund Fees and Expenses. Example After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective Remember, the Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund. Principal Risks Shareholder Fees (fees paid directly from your investment) None Although your actual costs may be higher or lower, based on these assumptions, your costs would be: In certain cases, the figure representing "Return After Taxes on Distributions and Sale of Fund Shares" may be higher than the other return figures for the same period. 0.1927 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 their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs"). Calendar Year Returns as of December 31 Performance <tt>After-tax returns are calculated using the historically highest individual<br />federal marginal income tax rates and do not reflect the impact of state and<br />local 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 investors<br />who hold their Fund shares through tax-deferred arrangements such as 401(k)<br />plans or individual retirement accounts ("IRAs"). In certain cases, the figure<br />representing "Return After Taxes on Distributions and Sale of Fund Shares" may<br />be higher than the other return figures for the same period. A higher after-tax<br />return results when a capital loss occurs upon redemption and provides an<br />assumed tax deduction that benefits the investor.</tt> The performance information demonstrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for one, five and ten years compare with those of a broad measure of market performance and the returns of an additional index of other mutual funds with characteristics similar to those of the Fund. <tt>The Fund's calendar year-to-date return as of June 30, 2012 was 6.74%. During<br />the period shown in the bar chart, the best performance for a quarter was 13.25%<br />(for the quarter ended June 30, 2003) and the worst performance was -21.84% (for<br />the quarter ended December 31, 2008).</tt> 1-877-363-6333 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>Before investing in the Fund, you should carefully consider your own investment<br />goals, the amount of time you are willing to leave your money invested, and the<br />amount of risk you are willing to take. Remember, in addition to possibly not<br />achieving your investment goals, you could lose money by investing in the<br />Fund. The principal risks of investing in the Fund are:<br /> <br />o Management Risk. The risk that investment strategies employed by the Adviser in<br />&#xA0;&#xA0;selecting investments for the Fund may not result in an increase in the value&#xA0;&#xA0;<br />&#xA0;&#xA0;of your investment or in overall performance equal to other investments.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />o General Market Risk. The risk that certain securities selected for the Fund's&#xA0;&#xA0;<br />&#xA0;&#xA0;portfolio may be worth less than the price originally paid for them, or less&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;than they were worth at an earlier time.&#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;<br />o Equity Market Risk. Common stocks are susceptible to general stock market&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;fluctuations and to volatile increases and decreases in value as market&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;confidence in and perceptions of their issuers change. Preferred stock is&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;subject to the risk that the dividend on the stock may be changed or omitted <br />&#xA0;&#xA0;by the issuer and that participation in the growth of an issuer may be limited.&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />o Growth Stock Risk. The prices of growth stocks may be more sensitive to changes<br />&#xA0;&#xA0;in current or expected earnings than the prices of other stocks.&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />o Foreign Securities Risk. The risk of investments in foreign companies,&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;including ADRs, which represent an ownership in a foreign security, involve&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;certain risks not generally associated with investments in the securities of&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;U.S. companies, including changes in currency exchange rates, unstable&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;political, social and economic conditions, a lack of adequate or accurate&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;company information, differences in the way securities markets operate, less&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;secure international banks or securities depositories than those in the U.S.&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;and foreign controls on investment. In addition, individual international&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;country economies may differ favorably or unfavorably from the U.S. economy in <br />&#xA0;&#xA0;such respects as growth of gross domestic product, rates of inflation, capital <br />&#xA0;&#xA0;reinvestment, resources, self-sufficiency and balance of payments position. <br />&#xA0;&#xA0;These risks may also apply to U.S. companies that have substantial foreign <br />&#xA0;&#xA0;operations.&#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 />&#xA0;&#xA0;<br />o Large-Capitalization Company Risk. Larger, more established companies may be&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;unable to respond quickly to new competitive challenges such as changes in&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;consumer tastes or innovative smaller competitors. Also, large-capitalization&#xA0;&#xA0;<br />&#xA0;&#xA0;companies are sometimes unable to attain the high growth rates of successful,&#xA0;&#xA0;<br />&#xA0;&#xA0;smaller companies, especially during extended periods of economic expansion.&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;<br />o Mid-Capitalization Company Risk. The mid-capitalization companies in which the <br />&#xA0;&#xA0;Fund may invest may be more vulnerable to adverse business or economic events&#xA0;&#xA0;<br />&#xA0;&#xA0;than larger, more established companies. In particular, these mid-sized&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;companies may pose additional risks, including liquidity risk, because these&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;companies may have limited product lines, markets and financial resources, and <br />&#xA0;&#xA0;may depend upon a relatively small management group. Therefore, mid-cap stocks <br />&#xA0;&#xA0;may be more volatile than those of larger companies.&#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 /> <br />o Options and Futures Risk. Options and futures may be more volatile than&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;investments in securities, involve additional costs and may involve a small&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;initial investment relative to the risk assumed. In addition, the value of an&#xA0;&#xA0;<br />&#xA0;&#xA0;option or future may not correlate perfectly to the underlying securities index<br />&#xA0;&#xA0;or overall securities markets.</tt> Fees and Expenses of the Fund Principal Investment Strategies http://barrettasset.com <tt>The performance information demonstrates the risks of investing in the Fund by<br />showing changes in the Fund's performance from year to year and by showing how<br />the Fund's average annual returns for one, five and ten years compare with those<br />of a broad measure of market performance and the returns of an additional index<br />of other mutual funds with characteristics similar to those of the Fund. The<br />Fund is the successor to the Barrett Growth Fund, a series of the Barrett Funds<br />(the "Predecessor Fund"). The performance information included herein reflects<br />the performance of the Predecessor Fund for periods prior to the reorganization,<br />which occurred on March 30, 2010. Remember, the Fund's past performance, before<br />and after taxes, is not necessarily an indication of how the Fund will perform<br />in the future. Updated performance information is available on the Fund's<br />website at http://barrettasset.com or by calling toll-free at 1-877-363-6333.</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.barrettasset.com/role/OperatingExpensesData_S000028010Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.barrettasset.com/role/PerformanceTableData_S000028010Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> Lipper Large-Cap Growth Funds Index® (reflects no deductions for fees, expenses, or taxes) -0.0290 0.0085 0.0143 S&P 500® Index (reflects no deductions for fees, expenses, or taxes) 0.0211 -0.0025 0.0292 Return After Taxes on Distributions and Sale of Fund Shares -0.0375 -0.0301 -0.0011 Return After Taxes on Distributions -0.0576 -0.0358 -0.0013 BGRWX -0.2464 worst performance best performance 2012-06-30 Return Before Taxes 146 2003-06-30 648 -0.2184 0.0597 -0.0111 0.0870 2626 1177 0.0762 0.1325 -0.0576 0.0136 -0.3740 0.0100 2013-09-28 2008-12-31 0.2077 -0.0358 0.0727 year-to-date return -0.0576 0.2510 0.0000 -0.0013 0.0125 0.0236 0.1050 0.0674 0001141819 ck0001141819:SummaryS000028010Memberck0001141819:S000028010Memberck0001141819:C000085208Member 2012-09-28 2012-09-28 0001141819 ck0001141819:SummaryS000028010Memberck0001141819:S000028010Memberrr:AfterTaxesOnDistributionsMemberck0001141819:C000085208Member 2012-09-28 2012-09-28 0001141819 ck0001141819:SummaryS000028010Memberck0001141819:S000028010Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001141819:C000085208Member 2012-09-28 2012-09-28 0001141819 ck0001141819:SummaryS000028010Memberck0001141819:S000028010Memberck0001141819:RRINDEX00001Member 2012-09-28 2012-09-28 0001141819 ck0001141819:SummaryS000028010Memberck0001141819:S000028010Memberck0001141819:RRINDEX00002Member 2012-09-28 2012-09-28 0001141819 ck0001141819:SummaryS000028010Memberck0001141819:S000028010Member 2012-09-28 2012-09-28 0001141819 2012-09-28 2012-09-28 pure iso4217:USD The Fund did not incur expenses under its Distribution (Rule 12b-1) Plan during its last fiscal year. However, under such plan, the Fund may pay a distribution fee of up to 0.25% of the Fund's average daily net assets. Please note that Total Annual Fund Operating Expenses in the table above do not correlate to the Expenses to Average Net Assets found within the "Financial Highlights" section of this prospectus, which do not include Acquired Fund Fees and Expenses. Pursuant to an operating expense limitation agreement between Barrett Asset Management, LLC, the Fund's investment adviser ("Barrett," or the "Adviser") and the Fund, the Adviser has agreed to waive its management fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of interest, acquired fund fees and expenses, leverage and tax expenses, dividends and interest expenses on short positions, brokerage commissions and extraordinary expenses) do not exceed 1.25% of the Fund's average net assets through September 28, 2013. The current operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for management fees it waived and Fund expenses it paid. 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Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund
Barrett Growth Fund
Investment Objective
The Barrett Growth Fund (the "Fund") seeks to achieve long-term capital
appreciation and to maximize after-tax returns.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund.
Shareholder Fees (fees paid directly from your investment) None
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Barrett Growth Fund
Management Fees 1.00%
Distribution and Service (12b-1) Fees [1] none
Other Expenses 1.36%
Total Annual Fund Operating Expenses [2] 2.36%
Fee Waiver/Expense Reimbursement (1.11%)
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement [3] 1.25%
[1] The Fund did not incur expenses under its Distribution (Rule 12b-1) Plan during its last fiscal year. However, under such plan, the Fund may pay a distribution fee of up to 0.25% of the Fund's average daily net assets.
[2] Please note that Total Annual Fund Operating Expenses in the table above do not correlate to the Expenses to Average Net Assets found within the "Financial Highlights" section of this prospectus, which do not include Acquired Fund Fees and Expenses.
[3] Pursuant to an operating expense limitation agreement between Barrett Asset Management, LLC, the Fund's investment adviser ("Barrett," or the "Adviser") and the Fund, the Adviser has agreed to waive its management fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of interest, acquired fund fees and expenses, leverage and tax expenses, dividends and interest expenses on short positions, brokerage commissions and extraordinary expenses) do not exceed 1.25% of the Fund's average net assets through September 28, 2013. The current operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for management fees it waived and Fund expenses it paid.
Example
This Example is intended to help you compare the costs of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated and then redeem all
of your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same. The fee waiver/expense reimbursement arrangement discussed
in the table above is reflected only through September 28, 2013.
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Barrett Growth Fund
146 648 1,177 2,626
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These transaction costs, and potentially
higher taxes, which are not reflected in the annual fund operating expenses, or
in the Example, affect the Fund's performance. During the most recent fiscal
year, the Fund's portfolio turnover rate was 19.27% of the average value of its
portfolio.
Principal Investment Strategies
The Fund invests primarily in a diversified portfolio of common stocks of large-
and mid-cap U.S. companies selected by the Adviser. The Fund considers mid-cap
companies to be companies with market capitalizations of approximately $1
billion to $10 billion and large-cap companies to be companies with market
capitalizations greater than $10 billion. The Fund may also purchase securities
with an equity component, such as preferred stock, warrants, rights or other
securities that are convertible into or exchangeable for shares of common
stock. The Fund may invest up to 25% of its net assets in foreign securities,
and will normally make such investments through the purchase of American
Depositary Receipts ("ADRs").

The Fund takes a conservative approach to growth stock investing that emphasizes
"Growth at a Reasonable Price." The Fund invests in common stocks of high-quality
companies that Barrett believes have superior growth potential and stocks that can
be purchased at reasonable prices. The Fund makes investments in companies that
have solid long-term earnings prospects and the Fund expects to hold these investments
for prolonged periods of time, thereby avoiding short-term capital gains. The Adviser
focuses on identifying companies that will produce earnings and cash flow growth in
excess of companies in the Standard & Poor's 500 Composite Stock Price Index ("S&P
500® Index"). The Adviser makes investments in companies that it believes produce
superior earnings at reasonable valuations. Superior relative earnings growth is
usually driven by new products and services; niche products in growth sectors and
industries; open-ended global growth opportunities; and cyclical companies whose
margins are benefiting from a recovery in their respective industries. Stocks are
sold when there is likely to be deterioration in earnings growth or other financial
metrics, including balance sheet items. Maintaining a competitive industry position
and management stability are also important factors in retaining a company position.
Unusually weak relative stock market performance is another signal that prompts the
Adviser to immediately reevaluate a holding.

The Adviser mitigates risk in several ways. In order to invest in a specific
company the Adviser carefully analyzes the company's balance sheet and overall
ability to withstand adverse economic conditions. More broadly, the Adviser
diversifies the portfolio across multiple industries, economic sectors and
geographic regions to reduce the risk of a particular industry's or region's
weakness adversely affecting the total Fund. Since the Adviser focuses on buying
companies at reasonable valuations, the risk of overpaying for companies with
strong earnings growth is also reduced. The Fund invests in companies across the
large - and mid-capitalization spectrum which provides the Fund with exposure to
companies of different revenue and earnings levels. Finally, the Fund emphasizes
objectivity in evaluating existing holdings and sells holdings when the
fundamental outlook for a company is expected to deteriorate.

From time to time, the Fund may purchase options, futures contracts or other
instruments, such as depositary receipts, that relate to a particular stock
index, to allow the Fund to quickly invest excess cash in order to gain
exposure to the markets until the Fund can purchase individual stocks.
Principal Risks
Before investing in the Fund, you should carefully consider your own investment
goals, the amount of time you are willing to leave your money invested, and the
amount of risk you are willing to take. Remember, in addition to possibly not
achieving your investment goals, you could lose money by investing in the
Fund. The principal risks of investing in the Fund are:

o Management Risk. The risk that investment strategies employed by the Adviser in
  selecting investments for the Fund may not result in an increase in the value  
  of your investment or in overall performance equal to other investments.       
  
o General Market Risk. The risk that certain securities selected for the Fund's  
  portfolio may be worth less than the price originally paid for them, or less   
  than they were worth at an earlier time.  
                                     
o Equity Market Risk. Common stocks are susceptible to general stock market      
  fluctuations and to volatile increases and decreases in value as market        
  confidence in and perceptions of their issuers change. Preferred stock is      
  subject to the risk that the dividend on the stock may be changed or omitted
  by the issuer and that participation in the growth of an issuer may be limited.   
  
o Growth Stock Risk. The prices of growth stocks may be more sensitive to changes
  in current or expected earnings than the prices of other stocks.               
  
o Foreign Securities Risk. The risk of investments in foreign companies,         
  including ADRs, which represent an ownership in a foreign security, involve    
  certain risks not generally associated with investments in the securities of   
  U.S. companies, including changes in currency exchange rates, unstable         
  political, social and economic conditions, a lack of adequate or accurate      
  company information, differences in the way securities markets operate, less   
  secure international banks or securities depositories than those in the U.S.   
  and foreign controls on investment. In addition, individual international      
  country economies may differ favorably or unfavorably from the U.S. economy in
  such respects as growth of gross domestic product, rates of inflation, capital
  reinvestment, resources, self-sufficiency and balance of payments position.
  These risks may also apply to U.S. companies that have substantial foreign
  operations.                                                            
  
o Large-Capitalization Company Risk. Larger, more established companies may be   
  unable to respond quickly to new competitive challenges such as changes in     
  consumer tastes or innovative smaller competitors. Also, large-capitalization  
  companies are sometimes unable to attain the high growth rates of successful,  
  smaller companies, especially during extended periods of economic expansion.   
  
o Mid-Capitalization Company Risk. The mid-capitalization companies in which the
  Fund may invest may be more vulnerable to adverse business or economic events  
  than larger, more established companies. In particular, these mid-sized        
  companies may pose additional risks, including liquidity risk, because these   
  companies may have limited product lines, markets and financial resources, and
  may depend upon a relatively small management group. Therefore, mid-cap stocks
  may be more volatile than those of larger companies.                           

o Options and Futures Risk. Options and futures may be more volatile than        
  investments in securities, involve additional costs and may involve a small    
  initial investment relative to the risk assumed. In addition, the value of an  
  option or future may not correlate perfectly to the underlying securities index
  or overall securities markets.
Performance
The performance information demonstrates the risks of investing in the Fund by
showing changes in the Fund's performance from year to year and by showing how
the Fund's average annual returns for one, five and ten years compare with those
of a broad measure of market performance and the returns of an additional index
of other mutual funds with characteristics similar to those of the Fund. The
Fund is the successor to the Barrett Growth Fund, a series of the Barrett Funds
(the "Predecessor Fund"). The performance information included herein reflects
the performance of the Predecessor Fund for periods prior to the reorganization,
which occurred on March 30, 2010. Remember, the Fund's past performance, before
and after taxes, is not necessarily an indication of how the Fund will perform
in the future. Updated performance information is available on the Fund's
website at http://barrettasset.com or by calling toll-free at 1-877-363-6333.
Calendar Year Returns as of December 31
Bar Chart
The Fund's calendar year-to-date return as of June 30, 2012 was 6.74%. During
the period shown in the bar chart, the best performance for a quarter was 13.25%
(for the quarter ended June 30, 2003) and the worst performance was -21.84% (for
the quarter ended December 31, 2008).
Average Annual Total Returns (for the Periods Ended December 31, 2011)
Average Annual Total Returns
Label
1 Year
5 Years
10 Years
Barrett Growth Fund
Return Before Taxes (5.76%) (3.58%) (0.13%)
Barrett Growth Fund After Taxes on Distributions
Return After Taxes on Distributions (5.76%) (3.58%) (0.13%)
Barrett Growth Fund After Taxes on Distributions and Sales
Return After Taxes on Distributions and Sale of Fund Shares (3.75%) (3.01%) (0.11%)
Barrett Growth Fund S&P 500® Index
S&P 500® Index (reflects no deductions for fees, expenses, or taxes) 2.11% (0.25%) 2.92%
Barrett Growth Fund Lipper Large-Cap Growth Funds Index®
Lipper Large-Cap Growth Funds Index® (reflects no deductions for fees, expenses, or taxes) (2.90%) 0.85% 1.43%
After-tax returns are calculated using the historically highest individual
federal marginal income tax rates and do not reflect the impact of state and
local taxes. Actual after-tax returns depend on an investor's tax situation and
may differ from those shown, and after-tax returns are not relevant to investors
who hold their Fund shares through tax-deferred arrangements such as 401(k)
plans or individual retirement accounts ("IRAs"). In certain cases, the figure
representing "Return After Taxes on Distributions and Sale of Fund Shares" may
be higher than the other return figures for the same period. A higher after-tax
return results when a capital loss occurs upon redemption and provides an
assumed tax deduction that benefits the investor.

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XML 12 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Sep. 28, 2012
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Barrett Growth Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Barrett Growth Fund (the "Fund") seeks to achieve long-term capital
appreciation and to maximize after-tax returns.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment) None
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These transaction costs, and potentially
higher taxes, which are not reflected in the annual fund operating expenses, or
in the Example, affect the Fund's performance. During the most recent fiscal
year, the Fund's portfolio turnover rate was 19.27% of the average value of its
portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 19.27%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Please note that Total Annual Fund Operating Expenses in the table above do not correlate to the Expenses to Average Net Assets found within the "Financial Highlights" section of this prospectus, which do not include Acquired Fund Fees and Expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the costs of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated and then redeem all
of your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same. The fee waiver/expense reimbursement arrangement discussed
in the table above is reflected only through September 28, 2013.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Strategy [Heading] rr_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund invests primarily in a diversified portfolio of common stocks of large-
and mid-cap U.S. companies selected by the Adviser. The Fund considers mid-cap
companies to be companies with market capitalizations of approximately $1
billion to $10 billion and large-cap companies to be companies with market
capitalizations greater than $10 billion. The Fund may also purchase securities
with an equity component, such as preferred stock, warrants, rights or other
securities that are convertible into or exchangeable for shares of common
stock. The Fund may invest up to 25% of its net assets in foreign securities,
and will normally make such investments through the purchase of American
Depositary Receipts ("ADRs").

The Fund takes a conservative approach to growth stock investing that emphasizes
"Growth at a Reasonable Price." The Fund invests in common stocks of high-quality
companies that Barrett believes have superior growth potential and stocks that can
be purchased at reasonable prices. The Fund makes investments in companies that
have solid long-term earnings prospects and the Fund expects to hold these investments
for prolonged periods of time, thereby avoiding short-term capital gains. The Adviser
focuses on identifying companies that will produce earnings and cash flow growth in
excess of companies in the Standard & Poor's 500 Composite Stock Price Index ("S&P
500® Index"). The Adviser makes investments in companies that it believes produce
superior earnings at reasonable valuations. Superior relative earnings growth is
usually driven by new products and services; niche products in growth sectors and
industries; open-ended global growth opportunities; and cyclical companies whose
margins are benefiting from a recovery in their respective industries. Stocks are
sold when there is likely to be deterioration in earnings growth or other financial
metrics, including balance sheet items. Maintaining a competitive industry position
and management stability are also important factors in retaining a company position.
Unusually weak relative stock market performance is another signal that prompts the
Adviser to immediately reevaluate a holding.

The Adviser mitigates risk in several ways. In order to invest in a specific
company the Adviser carefully analyzes the company's balance sheet and overall
ability to withstand adverse economic conditions. More broadly, the Adviser
diversifies the portfolio across multiple industries, economic sectors and
geographic regions to reduce the risk of a particular industry's or region's
weakness adversely affecting the total Fund. Since the Adviser focuses on buying
companies at reasonable valuations, the risk of overpaying for companies with
strong earnings growth is also reduced. The Fund invests in companies across the
large - and mid-capitalization spectrum which provides the Fund with exposure to
companies of different revenue and earnings levels. Finally, the Fund emphasizes
objectivity in evaluating existing holdings and sells holdings when the
fundamental outlook for a company is expected to deteriorate.

From time to time, the Fund may purchase options, futures contracts or other
instruments, such as depositary receipts, that relate to a particular stock
index, to allow the Fund to quickly invest excess cash in order to gain
exposure to the markets until the Fund can purchase individual stocks.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Before investing in the Fund, you should carefully consider your own investment
goals, the amount of time you are willing to leave your money invested, and the
amount of risk you are willing to take. Remember, in addition to possibly not
achieving your investment goals, you could lose money by investing in the
Fund. The principal risks of investing in the Fund are:

o Management Risk. The risk that investment strategies employed by the Adviser in
  selecting investments for the Fund may not result in an increase in the value  
  of your investment or in overall performance equal to other investments.       
  
o General Market Risk. The risk that certain securities selected for the Fund's  
  portfolio may be worth less than the price originally paid for them, or less   
  than they were worth at an earlier time.  
                                     
o Equity Market Risk. Common stocks are susceptible to general stock market      
  fluctuations and to volatile increases and decreases in value as market        
  confidence in and perceptions of their issuers change. Preferred stock is      
  subject to the risk that the dividend on the stock may be changed or omitted
  by the issuer and that participation in the growth of an issuer may be limited.   
  
o Growth Stock Risk. The prices of growth stocks may be more sensitive to changes
  in current or expected earnings than the prices of other stocks.               
  
o Foreign Securities Risk. The risk of investments in foreign companies,         
  including ADRs, which represent an ownership in a foreign security, involve    
  certain risks not generally associated with investments in the securities of   
  U.S. companies, including changes in currency exchange rates, unstable         
  political, social and economic conditions, a lack of adequate or accurate      
  company information, differences in the way securities markets operate, less   
  secure international banks or securities depositories than those in the U.S.   
  and foreign controls on investment. In addition, individual international      
  country economies may differ favorably or unfavorably from the U.S. economy in
  such respects as growth of gross domestic product, rates of inflation, capital
  reinvestment, resources, self-sufficiency and balance of payments position.
  These risks may also apply to U.S. companies that have substantial foreign
  operations.                                                            
  
o Large-Capitalization Company Risk. Larger, more established companies may be   
  unable to respond quickly to new competitive challenges such as changes in     
  consumer tastes or innovative smaller competitors. Also, large-capitalization  
  companies are sometimes unable to attain the high growth rates of successful,  
  smaller companies, especially during extended periods of economic expansion.   
  
o Mid-Capitalization Company Risk. The mid-capitalization companies in which the
  Fund may invest may be more vulnerable to adverse business or economic events  
  than larger, more established companies. In particular, these mid-sized        
  companies may pose additional risks, including liquidity risk, because these   
  companies may have limited product lines, markets and financial resources, and
  may depend upon a relatively small management group. Therefore, mid-cap stocks
  may be more volatile than those of larger companies.                           

o Options and Futures Risk. Options and futures may be more volatile than        
  investments in securities, involve additional costs and may involve a small    
  initial investment relative to the risk assumed. In addition, the value of an  
  option or future may not correlate perfectly to the underlying securities index
  or overall securities markets.
Risk Lose Money [Text] rr_RiskLoseMoney Remember, in addition to possibly not achieving your investment goals, you could lose money by investing in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The performance information demonstrates the risks of investing in the Fund by
showing changes in the Fund's performance from year to year and by showing how
the Fund's average annual returns for one, five and ten years compare with those
of a broad measure of market performance and the returns of an additional index
of other mutual funds with characteristics similar to those of the Fund. The
Fund is the successor to the Barrett Growth Fund, a series of the Barrett Funds
(the "Predecessor Fund"). The performance information included herein reflects
the performance of the Predecessor Fund for periods prior to the reorganization,
which occurred on March 30, 2010. Remember, the Fund's past performance, before
and after taxes, is not necessarily an indication of how the Fund will perform
in the future. Updated performance information is available on the Fund's
website at http://barrettasset.com or by calling toll-free at 1-877-363-6333.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The performance information demonstrates the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for one, five and ten years compare with those of a broad measure of market performance and the returns of an additional index of other mutual funds with characteristics similar to those of the Fund.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-877-363-6333
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress http://barrettasset.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Remember, the Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Returns as of December 31
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The Fund's calendar year-to-date return as of June 30, 2012 was 6.74%. During
the period shown in the bar chart, the best performance for a quarter was 13.25%
(for the quarter ended June 30, 2003) and the worst performance was -21.84% (for
the quarter ended December 31, 2008).
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes reflects no deductions for fees, expenses, or taxes
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historically highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred 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 their Fund shares through tax-deferred arrangements such as 401(k) plans or individual retirement accounts ("IRAs").
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher In certain cases, the figure representing "Return After Taxes on Distributions and Sale of Fund Shares" may be higher than the other return figures for the same period.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock After-tax returns are calculated using the historically highest individual
federal marginal income tax rates and do not reflect the impact of state and
local taxes. Actual after-tax returns depend on an investor's tax situation and
may differ from those shown, and after-tax returns are not relevant to investors
who hold their Fund shares through tax-deferred arrangements such as 401(k)
plans or individual retirement accounts ("IRAs"). In certain cases, the figure
representing "Return After Taxes on Distributions and Sale of Fund Shares" may
be higher than the other return figures for the same period. A higher after-tax
return results when a capital loss occurs upon redemption and provides an
assumed tax deduction that benefits the investor.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (for the Periods Ended December 31, 2011)
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund | S&P 500® Index
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index (reflects no deductions for fees, expenses, or taxes)
1 Year rr_AverageAnnualReturnYear01 2.11%
5 Years rr_AverageAnnualReturnYear05 (0.25%)
10 Years rr_AverageAnnualReturnYear10 2.92%
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund | Lipper Large-Cap Growth Funds Index®
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Lipper Large-Cap Growth Funds Index® (reflects no deductions for fees, expenses, or taxes)
1 Year rr_AverageAnnualReturnYear01 (2.90%)
5 Years rr_AverageAnnualReturnYear05 0.85%
10 Years rr_AverageAnnualReturnYear10 1.43%
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund | Barrett Growth Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets 1.36%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.36% [2]
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.11%)
Total Annual Fund Operating Expenses After Fee Waiver/Expense Reimbursement rr_NetExpensesOverAssets 1.25% [3]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-28
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 146
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 648
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,177
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,626
Annual Return 2002 rr_AnnualReturn2002 (24.64%)
Annual Return 2003 rr_AnnualReturn2003 25.10%
Annual Return 2004 rr_AnnualReturn2004 5.97%
Annual Return 2005 rr_AnnualReturn2005 7.27%
Annual Return 2006 rr_AnnualReturn2006 10.50%
Annual Return 2007 rr_AnnualReturn2007 7.62%
Annual Return 2008 rr_AnnualReturn2008 (37.40%)
Annual Return 2009 rr_AnnualReturn2009 20.77%
Annual Return 2010 rr_AnnualReturn2010 8.70%
Annual Return 2011 rr_AnnualReturn2011 (5.76%)
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.74%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel best performance
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2003
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.25%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel worst performance
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.84%)
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 (5.76%)
5 Years rr_AverageAnnualReturnYear05 (3.58%)
10 Years rr_AverageAnnualReturnYear10 (0.13%)
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund | Barrett Growth Fund | After Taxes on Distributions
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 (5.76%)
5 Years rr_AverageAnnualReturnYear05 (3.58%)
10 Years rr_AverageAnnualReturnYear10 (0.13%)
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund | Barrett Growth Fund | After Taxes on Distributions and Sales
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 (3.75%)
5 Years rr_AverageAnnualReturnYear05 (3.01%)
10 Years rr_AverageAnnualReturnYear10 (0.11%)
[1] The Fund did not incur expenses under its Distribution (Rule 12b-1) Plan during its last fiscal year. However, under such plan, the Fund may pay a distribution fee of up to 0.25% of the Fund's average daily net assets.
[2] Please note that Total Annual Fund Operating Expenses in the table above do not correlate to the Expenses to Average Net Assets found within the "Financial Highlights" section of this prospectus, which do not include Acquired Fund Fees and Expenses.
[3] Pursuant to an operating expense limitation agreement between Barrett Asset Management, LLC, the Fund's investment adviser ("Barrett," or the "Adviser") and the Fund, the Adviser has agreed to waive its management fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of interest, acquired fund fees and expenses, leverage and tax expenses, dividends and interest expenses on short positions, brokerage commissions and extraordinary expenses) do not exceed 1.25% of the Fund's average net assets through September 28, 2013. The current operating expense limitation agreement can be terminated only by, or with the consent of, the Trust's Board of Trustees (the "Board of Trustees"). The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for management fees it waived and Fund expenses it paid.
XML 13 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate May 31, 2012
Registrant Name dei_EntityRegistrantName TRUST FOR PROFESSIONAL MANAGERS
Central Index Key dei_EntityCentralIndexKey 0001141819
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Sep. 21, 2012
Document Effective Date dei_DocumentEffectiveDate Sep. 28, 2012
Barrett Growth Fund (Prospectus Summary) | Barrett Growth Fund | Barrett Growth Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol BGRWX
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