0000894189-12-006171.txt : 20121106 0000894189-12-006171.hdr.sgml : 20121106 20121106115315 ACCESSION NUMBER: 0000894189-12-006171 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121106 DATE AS OF CHANGE: 20121106 EFFECTIVENESS DATE: 20121106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IronBridge Funds, Inc. CENTRAL INDEX KEY: 0001487592 IRS NUMBER: 272069446 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22397 FILM NUMBER: 121182277 BUSINESS ADDRESS: STREET 1: ONE PARKVIEW PLAZA STREET 2: SUITE 600 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60540 BUSINESS PHONE: 630 684 8300 MAIL ADDRESS: STREET 1: ONE PARKVIEW PLAZA STREET 2: SUITE 600 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60540 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IronBridge Funds, Inc. CENTRAL INDEX KEY: 0001487592 IRS NUMBER: 272069446 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-165633 FILM NUMBER: 121182278 BUSINESS ADDRESS: STREET 1: ONE PARKVIEW PLAZA STREET 2: SUITE 600 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60540 BUSINESS PHONE: 630 684 8300 MAIL ADDRESS: STREET 1: ONE PARKVIEW PLAZA STREET 2: SUITE 600 CITY: OAKBROOK TERRACE STATE: IL ZIP: 60540 0001487592 S000029166 IronBridge Global Fund C000089653 IronBridge Global Fund IBGFX 0001487592 S000029167 IronBridge SMID Cap Fund C000089654 IronBridge SMID Cap Fund IBSMX 0001487592 S000029168 IronBridge Small Cap Fund C000089655 IronBridge Small Cap Fund IBSCX 0001487592 S000029169 IronBridge Large Cap Fund C000089656 IronBridge Large Cap Fund IBLCX 0001487592 S000030486 IronBridge Horizon Fund C000093757 IronBridge Horizon Fund IBHZX 0001487592 S000030487 IronBridge Skyline Fund C000093758 IronBridge Skyline Fund IBSLX 485BPOS 1 ironbridge_485bxbrl.htm POST EFFECTIVE AMENDMENT FOR XBRL ironbridge_485bxbrl.htm

 
As filed with the Securities and Exchange Commission on November 6, 2012

Securities Act registration no.  333-165633
Investment Company Act file no.  811-22397
 
 

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A
 
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933     [   ]  
  Pre-Effective Amendment No. ___    [   ]  
  Post-Effective Amendment No. 8   [X]  
      
and/or
 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940  [   ]  
  Amendment No. 10   [X]  
                                                                                                                               
IronBridge Funds, Inc.
(Exact Name of Registrant as Specified in Charter)
 
   One Parkview Plaza  
   Suite 700  
   Oakbrook Terrace, Illinois   60181
   (Address of Principal Executive Offices)    (Zip Code)
     
   Registrant’s Telephone Number, including Area Code:  (630) 684-8300
 
John G. Davis
One Parkview Plaza, Suite 700
Oakbrook Terrace, Illinois 60181
(Name and Address of Agent for Service)

Copies to:
Greenberg Traurig, LLP
77 West Wacker Drive, Suite 3100
Chicago, Illinois 60601
Attention: Arthur Don and Paul Morton

Approximate Date of Proposed Public Offering: Immediately upon effectiveness.

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

If appropriate, check the following box:
 
o
this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 
EXPLANATORY NOTE

This PEA No. 8 hereby incorporates Parts A, B and C from the Fund’s PEA No. 7 on Form N-1A filed October 26, 2012.  This PEA No. 8 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 7.
 
 
 

 
 
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 and has duly caused this Post-Effective Amendment No. 8 to the Registration Statement on Form N-1A to be signed on its behalf by the undersigned, duly authorized, in the City of Oakbrook Terrace and State of Illinois on the 6th day of November, 2012.

IRONBRIDGE FUNDS, INC. (Registrant)
 
By:         /s/ John G. Davis                                                                           
  John G. Davis
  President

Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment No. 8 to the Registration Statement on Form N-1A has been signed below by the following persons in the capacities and on the date(s) indicated.

Name
 
Title
Date
/s/ John G. Davis                                                                     
John G. Davis
President and Chief Executive Officer
(principal executive officer)
 
November 6, 2012
/s/ Ty M. Baird                                                                          
Ty M. Baird
Treasurer and Chief Financial Officer
(principal financial officer and principal
accounting officer)
 
November 6, 2012
/s/ Walter H. Clark*                                                                 
Walter H. Clark
 
Director
November 6, 2012
/s/ James W. Haugh*                                                                
James W. Haugh
 
Director
November 6, 2012
/s/ Robert E. Hendricks*                                                         
Robert E. Hendricks
 
Director
November 6, 2012
/s/ James M. Snyder*                  
James M. Snyder
 
Director
November 6, 2012
*John G. Davis signs this document on behalf of each of the persons indicated and on the date indicated pursuant
to the powers of attorney filed as Exhibit 28(q) to the Registrant’s registration statement filed number 333-165633 on June 8, 2010.
 
 
 

 
 
EXHIBIT INDEX

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

 

 
 
 
 
 

EX-101.INS 2 ck0001487592-20120630.xml INSTANCE DOCUMENT 485BPOS 2012-06-30 0001487592 2012-11-01 IronBridge Funds, Inc. false 2012-10-26 2012-11-01 <tt>The Skyline Fund pays transaction costs, such as commissions, when it buys and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />rate 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. During the most recent fiscal year, the Skyline Fund's portfolio<br />turnover rate was 31% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/ExpenseExample_S000030487Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/BarChartData_S000030487Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the IronBridge Skyline Fund ("Skyline Fund") is<br />capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in the<br />Skyline Fund with the cost of investing in other mutual funds.<br />&#xA0;&#xA0;<br />This Example assumes that you invest $10,000 in the Skyline Fund for the time<br />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 Skyline Fund's operating expenses remain the same. Although<br />your actual costs may be higher or lower, based on these assumptions your costs<br />would be:</tt> <tt>The Skyline Fund seeks to achieve its investment objective by investing<br />primarily, under normal market conditions, in common equity stocks of companies<br />that have market capitalizations between $100 million and $10 billion, measured<br />at the time of purchase.&#xA0;&#xA0;The Skyline Fund may invest in American Depository<br />Receipts and/or Global Depository Receipts. For the purposes of the foregoing<br />principal investment strategy, the Company interprets "investing primarily,<br />under normal market conditions" to mean that, under normal market conditions, <br />at least 50% of the Skyline Fund's portfolio, when measured at the time of<br />purchase, will be invested in accordance with the strategy above.<br />&#xA0;&#xA0;<br />The Adviser actively manages the Skyline Fund by applying an economic return<br />framework.&#xA0;&#xA0;This is a valuation model that uses cash flow, rather than<br />traditional accounting measures such as corporate performance, earnings and book<br />value, to determine a company's value.&#xA0;&#xA0;The Adviser uses this methodology to<br />identify attractively-priced companies, and as a result, the Skyline Fund<br />invests primarily in growth and value-style equity securities.</tt> IRONBRIDGE SKYLINE FUND Expense Example. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Investment Objective. Keep in mind that past performance (before and after taxes) may not indicate how well the Skyline Fund will perform in the future. Loss of money is a risk of investing in the Skyline Fund. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) If you sell your shares in: 0.31 After-tax returns are not relevant if you hold your Skyline Fund shares through a tax-deferred arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan. Calendar Year Total Returns Annual Total Returns for Skyline Fund for the years ended December 31, Performance. <tt>After-tax returns are calculated using the highest individual federal income tax<br />rates in effect during each year of the periods shown and do not reflect the<br />impact of state and local taxes. Your actual after-tax returns depend on your<br />individual tax situation and likely will differ from the results shown above. <br />After-tax returns are not relevant if you hold your Skyline Fund shares through<br />a tax-deferred arrangement, such as a 401(k) plan, individual retirement account<br />(IRA) or 529 college savings plan.</tt> The bar chart and table below show how the Skyline Fund has performed in the past and provides some indication of the risks of investing in the Skyline Fund. <tt>During the periods shown above, the highest return for the Skyline Fund for a<br />calendar quarter was 12.15% (quarter ended December 31, 2011) and the lowest<br />return for a calendar quarter was (20.24)% (quarter ended&#xA0;&#xA0;September 30,2011).</tt> 1-877-861-7714 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 Risk. The general level of stock prices as a whole could decline,<br />causing a decline in the value of your investment.<br />&#xA0;&#xA0;<br />Market Event Risk. During 2008 and 2009, extreme market events caused<br />unprecedented market volatility and resulted in significant drops in equity<br />valuations. Financial markets continue to experience higher than usual<br />volatility, and there is no guaranty that events similar to 2008 and 2009 <br />will not happen again.<br />&#xA0;&#xA0;<br />Small-to-Medium Capitalization Risks. Securities of companies with<br />small-to-medium market capitalizations are often more volatile, less liquid <br />and more susceptible to market pressures than securities of larger issuers.<br /><br />Stock Selection Risk. Individual stocks may decline in value or not increase <br />in value, even when the stock market in general is rising.<br />&#xA0;&#xA0;<br />Liquidity Risk. The Adviser may not be able to sell the Skyline Fund's<br />securities at a time or at a price would benefit the Fund.<br />&#xA0;&#xA0;<br />Equity Securities Risk. Common equity stocks are subject to greater volatility<br />and chance of decline than other securities, such as fixed-income securities.<br />&#xA0;&#xA0;<br />Management Risk. There is no guaranty that the Adviser will choose investments<br />that increase in value.<br />&#xA0;&#xA0;<br />Growth Investing Risk. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br />&#xA0;&#xA0;<br />Value Investing Risk. Value stocks may not increase in price, may not issue the<br />anticipated stock dividends or may decline in price, based upon the market's<br />belief of the issuer's intrinsic worth.<br /> <br />American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk. ADRs<br />are receipts issued by US banks evidencing ownership in securities of foreign<br />issuers, and GDRs are receipts issued by banks in more than one country<br />evidencing ownership in securities of foreign issuers.&#xA0;&#xA0;Securities of foreign<br />issuers, and consequently ADRs and GDRs, may decrease in value due to changes in<br />currency exchange rates, the economic climate in the issuer's home country or<br />for a variety of other reasons.<br />&#xA0;&#xA0;<br />Loss of Money Risk.&#xA0;&#xA0;Loss of money is a risk of investing in the Skyline Fund.</tt> Portfolio Fees and Expenses. Principal Investment Strategies. www.ironbridgefunds.net <tt>The bar chart and table below show how the Skyline Fund has performed in the<br />past and provides some indication of the risks of investing in the Skyline<br />Fund. The table shows how the performance of the Skyline Fund has varied from<br />year to year as compared with the performance of the Russell 2500&#xAE; Index, a<br />securities index that measures the performance of the small-to-medium<br />capitalization segment of the U.S. equity universe. Keep in mind that past<br />performance (before and after taxes) may not indicate how well the Skyline Fund<br />will perform in the future. Updated performance information can be found on our<br />Web site at www.ironbridgefunds.net or by calling toll-free to 1-877-861-7714.</tt> <tt>The following table describes the fees and expenses that you may pay if you buy<br />and hold shares of the Skyline Fund.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/OperatingExpensesData_S000030487Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/PerformanceTableData_S000030487Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/ShareholderFeesData_S000030487Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2500® Index -0.0251 -0.0105 2010-12-10 Return After Taxes on Distributions and Sale of Fund Shares -0.0025 -0.0237 2010-12-10 Return After Taxes on Distributions -0.0518 -0.0431 2010-12-10 IBSLX lowest return for a calendar quarter highest return for a calendar quarter 0.00 2012-09-30 0 Return Before Taxes 102 2011-12-31 346 -0.2024 -0.0013 1363 0.00 610 0.1215 -0.0281 0.0023 0.0090 2013-11-01 2011-09-30 nine-month period ended -0.0281 0.00 0.00 0.0100 0.0113 15 -0.0202 2010-12-10 0.1010 0.00 <tt>The Horizon Fund pays transaction costs, such as commissions, when it buys and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />rate 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. During the most recent fiscal year, the Horizon Fund's portfolio<br />turnover rate was 24% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/ExpenseExample_S000030486Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/BarChartData_S000030486Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the IronBridge Horizon Fund ("Horizon Fund") is<br />capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in the<br />Horizon Fund with the cost of investing in other mutual funds.<br />&#xA0;&#xA0;<br />This Example assumes that you invest $10,000 in the Horizon Fund for the time<br />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 Horizon Fund's operating expenses remain the same. Although<br />your actual costs may be higher or lower, based on these assumptions your costs<br />would be:</tt> <tt>The Horizon Fund seeks to achieve its investment objective by investing<br />primarily, under normal market conditions, in equity stocks of companies with<br />market capitalizations less than or equal to the largest market capitalization<br />(determined at the time of investment) of any company in the Russell 2000&#xAE;<br />Index, which, as of September 30, 2012, was approximately $4.4 billion.&#xA0;&#xA0;The<br />Horizon Fund may invest in American Depository Receipts and/or Global Depository<br />Receipts.&#xA0;&#xA0;For the purposes of the foregoing principal investment strategy, the<br />Company interprets "investing primarily, under normal market conditions" to mean<br />that, under normal market conditions, at least 50% of the Horizon Fund's<br />portfolio, when measured at the time of purchase, will be invested in accordance<br />with the strategy above.<br />&#xA0;&#xA0;<br />The Adviser actively manages the Horizon Fund by applying an economic return<br />framework.&#xA0;&#xA0;This is a valuation model that uses cash flow, rather than<br />traditional accounting measures such as corporate performance, earnings and book<br />value, to determine a company's value.&#xA0;&#xA0;The Adviser uses this methodology to<br />identify attractively-priced companies, and as a result, the Horizon Fund<br />invests primarily in growth and value-style equity securities.</tt> IRONBRIDGE HORIZON FUND Expense Example. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Investment Objective. Keep in mind that past performance (before and after taxes) may not indicate how well the Horizon Fund will perform in the future. Loss of money is a risk of investing in the Horizon Fund. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) If you sell your shares in: 0.24 After-tax returns are not relevant if you hold your Horizon Fund shares through a tax-deferred arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan. Calendar Year Total Returns Annual Total Returns for Horizon Fund for the years ended December 31, Performance. <tt>After-tax returns are calculated using the highest individual federal income tax<br />rates in effect during each year of the periods shown and do not reflect the<br />impact of state and local taxes. Your actual after-tax returns depend on your<br />individual tax situation and likely will differ from the results shown above. <br />After-tax returns are not relevant if you hold your Horizon Fund shares through<br />a tax-deferred arrangement, such as a 401(k) plan, individual retirement account<br />(IRA) or 529 college savings plan.</tt> The bar chart and table below show how the Horizon Fund has performed in the past and provides some indication of the risks of investing in the Horizon Fund. <tt>During the periods shown above, the highest return for the Horizon Fund for a<br />calendar quarter was 12.02% (quarter ended December 31, 2011) and the lowest<br />return for a calendar quarter was (20.39)% (quarter ended September 30, 2011).</tt> 1-877-861-7714 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 Risk. The general level of stock prices as a whole could decline,<br />causing a decline in the value of your investment.<br />&#xA0;&#xA0;<br />Market Event Risk. During 2008 and 2009, extreme market events caused<br />unprecedented market volatility and resulted in significant drops in equity<br />valuations. Financial markets continue to experience higher than usual<br />volatility, and there is no guaranty that events similar to 2008 and 2009 will<br />not happen again.<br />&#xA0;&#xA0;<br />Small Cap Risk. Securities of companies with small market capitalizations are<br />often more volatile, less liquid and more susceptible to market pressures than<br />securities of larger issuers.<br />&#xA0;&#xA0;<br />Stock Selection Risk. Individual stocks may decline in value or not increase in<br />value, even when the stock market in general is rising.<br />&#xA0;&#xA0;<br />Liquidity Risk. The Adviser may not be able to sell the Horizon Fund's<br />securities at a time or at a price would benefit the Fund.<br />&#xA0;&#xA0;<br />Equity Securities Risk. Common equity stocks are subject to greater volatility<br />and chance of decline than other securities, such as fixed-income securities.<br />&#xA0;&#xA0;<br />Management Risk. There is no guaranty that the Adviser will choose investments<br />that increase in value.<br /> <br />Growth Investing Risk. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br /> <br />Value Investing Risk. Value stocks may not increase in price, may not issue the<br />anticipated stock dividends or may decline in price, based upon the market's<br />belief of the issuer's intrinsic worth.<br /> <br />American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk.&#xA0;&#xA0;ADRs<br />are receipts issued by US banks evidencing ownership in securities of foreign<br />issuers, and GDRs are receipts issued by banks in more than one country<br />evidencing ownership in securities of foreign issuers. Securities of foreign<br />issuers, and consequently ADRs and GDRs, may decrease in value due to changes in<br />currency exchange rates, the economic climate in the issuer's home country or<br />for a variety of other reasons.<br /><br />Loss of Money Risk. Loss of money is a risk of investing in the Horizon Fund.</tt> Portfolio Fees and Expenses. Principal Investment Strategies. www.ironbridgefunds.net <tt>The bar chart and table below show how the Horizon Fund has performed in the<br />past and provides some indication of the risks of investing in the Horizon<br />Fund. The table shows how the performance of Horizon Fund has varied from year<br />to year as compared with the performance of the Russell 2000&#xAE; Index, a<br />securities index that measures the performance of the small-cap segment of the<br />U.S. equity universe. Keep in mind that past performance (before and after<br />taxes) may not indicate how well the Horizon Fund will perform in the future. <br />Updated performance information can be found on our Web site at<br />www.ironbridgefunds.net or by calling toll-free to 1-877-861-7714.</tt> <tt>The following table describes the fees and expenses that you may pay if you buy<br />and hold shares of the Horizon Fund.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/OperatingExpensesData_S000030486Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/PerformanceTableData_S000030486Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/ShareholderFeesData_S000030486Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2000® Index -0.0418 -0.0305 2010-12-10 Return After Taxes on Distributions and Sale of Fund Shares -0.0157 -0.0271 2010-12-10 Return After Taxes on Distributions -0.0477 -0.0394 2010-12-10 IBHZX lowest return for a calendar quarter highest return for a calendar quarter 0.00 2012-09-30 0 Return Before Taxes 112 2011-12-31 363 -0.2039 -0.0006 1404 0.00 633 0.1202 -0.0390 0.0016 0.0100 2013-11-01 2011-09-30 nine-month period ended -0.039 0.00 0.00 0.0110 0.0116 15 -0.0310 2010-12-10 0.1172 0.00 <tt>The Large Cap Fund pays transaction costs, such as commissions, when it buys and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />rate 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. The Large Cap Fund commenced operations on March 30, 2012, and,<br />consequently, did not have one full year of operations as of the end of its last<br />fiscal year; however, as of June 30, 2012, the Large Cap Fund's portfolio<br />turnover was 3% (on an un-annualized basis).</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/ExpenseExample_S000029169Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the IronBridge Large Cap Fund ("Large Cap Fund") is<br />capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in the Large<br />Cap Fund with the cost of investing in other mutual funds.<br />&#xA0;&#xA0;<br />This Example assumes that you invest $10,000 in the Large Cap 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 Large Cap Fund's operating expenses remain the same. Although<br />your actual costs may be higher or lower, based on these assumptions your costs<br />would be:</tt> <tt>The Large Cap Fund seeks to achieve its investment objective by investing, under<br />normal conditions, at least 80% of its assets in equity securities of companies<br />with large market capitalizations. For this purpose, the Adviser defines a<br />large capitalization company as any company with a market capitalization in<br />excess of $5 billion, which definition is applied at the time of purchase. The<br />Large Cap Fund may invest in American Depository Receipts and/or Global<br />Depository Receipts.<br />&#xA0;&#xA0;<br />The Adviser actively manages the Large Cap Fund by applying an economic <br />return framework. This is a valuation model that uses cash flow, rather <br />than traditional accounting measures such as corporate performance, earnings <br />and book value, to determine a company's value. The Adviser uses this methodology <br />to identify attractively-priced companies, and as a result, the Large Cap Fund<br />invests primarily in growth and value-style equity securities.</tt> IRONBRIDGE LARGE CAP FUND Expense Example. Performance information for the Large Cap Fund is not included because the Large Cap Fund does not have returns for one full calendar year. Investment Objective. Loss of money is a risk of investing in the Large Cap Fund. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) If you sell your shares in: 0.03 Performance. Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover. <tt>Market Risk. The general level of stock prices as a whole could decline,<br />causing a decline in the value of your investment.<br />&#xA0;&#xA0;<br />Market Event Risk. During 2008 and 2009, extreme market events caused<br />unprecedented market volatility and resulted in significant drops in equity<br />valuations. Financial markets continue to experience higher than usual<br />volatility, and there is no guaranty that events similar to 2008 and 2009 will<br />not happen again.<br />&#xA0;&#xA0;<br />Stock Selection Risk.&#xA0;&#xA0;Individual stocks may decline in value or not increase <br />in value, even when the stock market in general is rising.<br />&#xA0;&#xA0;<br />Liquidity Risk. The Adviser may not be able to sell the Large Cap Fund's<br />securities at a time or at a price would benefit the Fund.<br />&#xA0;&#xA0;<br />Equity Securities Risk. Common equity stocks are subject to greater volatility<br />and chance of decline than other securities, such as fixed-income securities.<br />&#xA0;&#xA0;<br />Management Risk. There is no guaranty that the Adviser will choose investments<br />that increase in value.<br />&#xA0;&#xA0;<br />Growth Investing Risk. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br />&#xA0;&#xA0;&#xA0;<br />Value Investing Risk.&#xA0;&#xA0;Value stocks may not increase in price, may not issue the<br />anticipated stock dividends or may decline in price, based upon the market's<br />belief of the issuer's intrinsic worth.<br />&#xA0;&#xA0;<br />American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk.&#xA0;&#xA0;ADRs<br />are receipts issued by US banks evidencing ownership in securities of foreign<br />issuers, and GDRs are receipts issued by banks in more than one country<br />evidencing ownership in securities of foreign issuers.&#xA0;&#xA0;Securities of foreign<br />issuers, and consequently ADRs and GDRs, may decrease in value due to changes in<br />currency exchange rates, the economic climate in the issuer's home country or<br />for a variety of other reasons. <br /> <br />Loss of Money Risk.&#xA0;&#xA0;Loss of money is a risk of investing in the Large Cap Fund.</tt> Portfolio Fees and Expenses. Principal Investment Strategies. <tt>Performance information for the Large Cap Fund is not included because <br />the Large Cap Fund does not have returns for one full calendar year.</tt> <tt>The following table describes the fees and expenses that you may pay if you buy<br />and hold shares of the Large Cap Fund.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/OperatingExpensesData_S000029169Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/ShareholderFeesData_S000029169Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> IBLCX 0.00 0 82 635 -0.0179 0.00 0.0194 0.0065 2013-11-01 0.00 0.00 0.0080 0.0259 15 0.00 <tt>The Small Cap Fund pays transaction costs, such as commissions, when it buys and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />rate 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. During the most recent fiscal year, the Small Cap Fund's portfolio<br />turnover rate was 19% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/ExpenseExample_S000029168Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/BarChartData_S000029168Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the IronBridge Small Cap Fund ("Small Cap Fund") is<br />capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in the Small<br />Cap Fund with the cost of investing in other mutual funds.<br /> <br />This Example assumes that you invest $10,000 in the Small Cap Fund for the time<br />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 Small Cap Fund's operating expenses remain the same. Although<br />your actual costs may be higher or lower, based on these assumptions your costs<br />would be:</tt> <tt>The Small Cap Fund seeks to achieve its investment objective by investing, under<br />normal conditions, at least 80% of its assets in equity securities of companies<br />with small market capitalizations. For this purpose, the Adviser defines a<br />small capitalization company as any company with a market capitalization less<br />than or equal to the largest market capitalization (determined at the time of<br />investment) of any company in the Russell 2000&#xAE; Index, which, as of September<br />30, 2012, was approximately $4.4 billion. The Small Cap Fund may invest in<br />American Depository Receipts and/or Global Depository Receipts.<br />&#xA0;&#xA0;<br />The Adviser actively manages the Small Cap Fund by applying an economic return<br />framework. This is a valuation model that uses cash flow, rather than<br />traditional accounting measures such as corporate performance, earnings and book<br />value, to determine a company's value. The Adviser uses this methodology to<br />identify attractively-priced companies, and as a result, the Small Cap Fund<br />invests primarily in growth and value-style equity securities.</tt> IRONBRIDGE SMALL CAP FUND Expense Example. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Investment Objective. Keep in mind that past performance (before and after taxes) may not indicate how well the Small Cap Fund will perform in the future. Loss of money is a risk of investing in the Small Cap Fund. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) If you sell your shares in: 0.19 After-tax returns are not relevant if you hold your Small Cap Fund shares through a tax-deferred arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan. Calendar Year Total Returns Annual Total Returns for Small Cap Fund (or Predecessor Small Cap Fund) for the years ended December 31, Performance. <tt>After-tax returns are calculated using the highest individual federal income tax<br />rates in effect during each year of the periods shown and do not reflect the<br />impact of state and local taxes. Your actual after-tax returns depend on your<br />individual tax situation and likely will differ from the results shown above. <br />After-tax returns are not relevant if you hold your Small Cap Fund shares<br />through a tax-deferred arrangement, such as a 401(k) plan, individual retirement<br />account (IRA) or 529 college savings plan.</tt> The bar chart and table below show how the Small Cap Fund (and, for periods prior to July 23, 2010, the Frontegra IronBridge Small Cap Fund (the "Predecessor Small Cap Fund"), the predecessor of the Small Cap Fund) has performed in the past and provides some indication of the risks of investing in the Small Cap Fund. <tt>During the periods shown above, the Small Cap Fund's or Predecessor Small Cap<br />Fund's, as applicable, highest return for either the Small Cap Fund or the<br />Predecessor Small Cap Fund for a calendar quarter was 24.78%(quarter ended June<br />30, 2003) and the lowest return for a calendar quarter was (25.45)%(quarter<br />ended December 31, 2008).</tt> 1-877-861-7714 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 Risk. The general level of stock prices as a whole could decline,<br />causing a decline in the value of your investment.<br />&#xA0;&#xA0;<br />Market Event Risk. During 2008 and 2009, extreme market events caused<br />unprecedented market volatility and resulted in significant drops in equity<br />valuations.&#xA0;&#xA0;Financial markets continue to experience higher than usual<br />volatility, and there is no guaranty that events similar to 2008 and 2009 will<br />not happen again.<br /> <br />Small Cap Risk. Securities of companies with small market capitalizations are<br />often more volatile, less liquid and more susceptible to market pressures than<br />securities of larger issuers.<br />&#xA0;&#xA0;<br />Stock Selection Risk.&#xA0;&#xA0;Individual stocks may decline in value or not increase in<br />value, even when the stock market in general is rising.<br />&#xA0;&#xA0;<br />Liquidity Risk. The Adviser may not be able to sell the Small Cap Fund's<br />securities at a time or at a price would benefit the Fund.<br />&#xA0;&#xA0;<br />Equity Securities Risk. Common equity stocks are subject to greater volatility<br />and chance of decline than other securities, such as fixed-income securities.<br />&#xA0;&#xA0;<br />Management Risk. There is no guaranty that the Adviser will choose investments<br />that increase in value.<br /> <br />Growth Investing Risk. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br />&#xA0;&#xA0;<br />Value Investing Risk. Value stocks may not increase in price, may not issue the<br />anticipated stock dividends or may decline in price, based upon the market's<br />belief of the issuer's intrinsic worth.<br />&#xA0;&#xA0;<br />American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk. ADRs<br />are receipts issued by US banks evidencing ownership in securities of foreign<br />issuers, and GDRs are receipts issued by banks in more than one country<br />evidencing ownership in securities of foreign issuers.&#xA0;&#xA0;Securities of foreign<br />issuers, and consequently ADRs and GDRs, may decrease in value due to changes in <br />currency exchange rates, the economic climate in the issuer's home country or for <br />a variety of other reasons.<br /> <br />Loss of Money Risk.&#xA0;&#xA0;Loss of money is a risk of investing in the Small Cap Fund.</tt> Portfolio Fees and Expenses. Principal Investment Strategies. www.ironbridgefunds.net <tt>The bar chart and table below show how the Small Cap Fund (and, for periods<br />prior to July 23, 2010, the Frontegra IronBridge Small Cap Fund (the<br />"Predecessor Small Cap Fund"), the predecessor of the Small Cap Fund) has<br />performed in the past and provides some indication of the risks of investing in<br />the Small Cap Fund. The table shows how the performance of the Small Cap Fund<br />(and the Predecessor Small Cap Fund) has varied from year to year as compared<br />with the returns of the Russell 2000&#xAE; Index, a securities index that measures<br />the performance of the small-cap segment of the U.S. equity universe. Keep in<br />mind that past performance (before and after taxes) may not indicate how well<br />the Small Cap Fund will perform in the future. Updated performance information<br />can be found on our Web site at www.ironbridgefunds.net or by calling toll-free<br />to 1-877-861-7714.</tt> <tt>The following table describes the fees and expenses that you may pay if you buy<br />and hold shares of the Small Cap Fund.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/OperatingExpensesData_S000029168Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/PerformanceTableData_S000029168Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/ShareholderFeesData_S000029168Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2000® Index -0.0418 0.0015 0.0849 2002-08-30 Return After Taxes on Distributions and Sale of Fund Shares -0.0227 0.0167 0.0850 2002-08-30 Return After Taxes on Distributions -0.0394 0.0146 0.0903 2002-08-30 IBSCX lowest return for a calendar quarter highest return for a calendar quarter 0.00 2012-09-30 0 Return Before Taxes 109 2003-06-30 340 -0.2545 0.1879 0.2336 1306 0.00 590 0.1001 0.2478 -0.0379 0.0007 -0.3175 0.0100 2008-12-31 0.2453 0.0210 0.0409 nine-month period ended -0.0379 0.00 0.4380 0.00 0.0107 15 0.1557 0.0994 2002-08-30 0.1204 0.00 <tt>The SMID Cap Fund pays transaction costs, such as commissions, when it buys and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />rate 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. During the most recent fiscal year, the SMID Cap Fund's portfolio<br />turnover rate was 41% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/ExpenseExample_S000029167Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/BarChartData_S000029167Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the IronBridge SMID Cap Fund ("SMID Cap Fund") is<br />capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in the SMID<br />Cap Fund with the cost of investing in other mutual funds.<br /> <br />This Example assumes that you invest $10,000 in the SMID Cap Fund for the time<br />periods indicated and then redeem all of your shares at the end of those<br />periods.&#xA0;&#xA0;The Example also assumes that your investment has a 5% return each<br />year and that the SMID Cap Fund's operating expenses remain the same.&#xA0;&#xA0;Although<br />your actual costs may be higher or lower, based on these assumptions your costs<br />would be:</tt> <tt>The SMID Cap Fund seeks to achieve its investment objective by investing, under<br />normal conditions, at least 80% of its assets in equity securities of companies<br />with small-to-medium market capitalizations.&#xA0;&#xA0;For this purpose, the Adviser<br />defines a small-to-medium capitalization company as a company that has a <br />market capitalization of between $100 million and $10 billion, which definition <br />is applied at the time of purchase.&#xA0;&#xA0;The SMID Cap Fund may invest in American<br />Depository Receipts and/or Global Depository Receipts.<br />&#xA0;&#xA0;<br />The Adviser actively manages the SMID Cap Fund by applying an economic <br />return framework.&#xA0;&#xA0;This is a valuation model that uses cash flow, rather than<br />traditional accounting measures such as corporate performance, earnings and <br />book value, to determine a company's value.&#xA0;&#xA0;The Adviser uses this methodology <br />to identify attractively-priced companies, and as a result, the SMID Cap Fund<br />invests primarily in growth and value-style equity securities.</tt> IRONBRIDGE SMID CAP FUND Expense Example. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Investment Objective. Keep in mind that past performance (before and after taxes) may not indicate how well the SMID Cap Fund will perform in the future. Loss of money is a risk of investing in the SMID Cap Fund. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) If you sell your shares in: 0.41 After-tax returns are not relevant if you hold your SMID Cap Fund shares through a tax-deferred arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan. Calendar Year Total Returns Annual Total Returns for SMID Cap Fund (or Predecessor SMID Fund) for the years ended December 31, Performance. <tt>After-tax returns are calculated using the highest individual federal income tax<br />rates in effect during each year of the periods shown and do not reflect the<br />impact of state and local taxes. Your actual after-tax returns depend on your<br />individual tax situation and likely will differ from the results shown above. <br />After-tax returns are not relevant if you hold your SMID Cap Fund shares through<br />a tax-deferred arrangement, such as a 401(k) plan, individual retirement account<br />(IRA) or 529 college savings plan.</tt> The bar chart and table below show how the SMID Cap Fund (and, for periods prior to July 23, 2010, the Frontegra IronBridge SMID Fund (the "Predecessor SMID Fund"), the predecessor of the SMID Cap Fund) has performed in the past and provides some indication of the risks of investing in the SMID Cap Fund. <tt>During the periods shown above, the highest return for the SMID Cap Fund or the<br />Predecessor SMID Fund for a calendar quarter was 18.39% (quarter ended June 30,<br />2009) and the lowest return for a calendar quarter was (24.46)% (quarter ended<br />December 31, 2008).</tt> 1-877-861-7714 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 Risk.&#xA0;&#xA0;The general level of stock prices as a whole could decline,<br />causing a decline in the value of your investment.<br />&#xA0;&#xA0;<br />Market Event Risk.&#xA0;&#xA0;During 2008 and 2009, extreme market events caused<br />unprecedented market volatility and resulted in significant drops in equity<br />valuations.&#xA0;&#xA0;Financial markets continue to experience higher than usual<br />volatility, and there is no guaranty that events similar to 2008 and 2009 <br />will not happen again.<br />&#xA0;&#xA0;<br />Small-to-Medium Capitalization Risks.&#xA0;&#xA0;Securities of companies with<br />small-to-medium market capitalizations are often more volatile, less liquid <br />and more susceptible to market pressures than securities of larger issuers.<br />&#xA0;&#xA0;<br />Stock Selection Risk.&#xA0;&#xA0;Individual stocks may decline in value or not increase <br />in value, even when the stock market in general is rising.<br />&#xA0;&#xA0;<br />Liquidity Risk. The Adviser may not be able to sell the SMID Cap Fund's<br />securities at a time or at a price would benefit the Fund.<br />&#xA0;&#xA0;<br />Equity Securities Risk.&#xA0;&#xA0;Common equity stocks are subject to greater volatility<br />and chance of decline than other securities, such as fixed-income securities.<br />&#xA0;&#xA0;<br />Management Risk.&#xA0;&#xA0;There is no guaranty that the Adviser will choose investments<br />that increase in value.<br />&#xA0;&#xA0;<br />Growth Investing Risk. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br />&#xA0;&#xA0;<br />Value Investing Risk.&#xA0;&#xA0;Value stocks may not increase in price, may not issue the<br />anticipated stock dividends or may decline in price, based upon the market's<br />belief of the issuer's intrinsic worth.<br /> <br />American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk.&#xA0;&#xA0;ADRs<br />are receipts issued by US banks evidencing ownership in securities of foreign<br />issuers, and GDRs are receipts issued by banks in more than one country<br />evidencing ownership in securities of foreign issuers.&#xA0;&#xA0;Securities of foreign<br />issuers, and consequently ADRs and GDRs, may decrease in value due to changes in<br />currency exchange rates, the economic climate in the issuer's home country or<br />for a variety of other reasons.<br />&#xA0;&#xA0;<br />Loss of Money Risk.&#xA0;&#xA0;Loss of money is a risk of investing in the SMID Cap Fund.</tt> Portfolio Fees and Expenses. Principal Investment Strategies. www.ironbridgefunds.net <tt>The bar chart and table below show how the SMID Cap Fund (and, for periods prior<br />to July 23, 2010, the Frontegra IronBridge SMID Fund (the "Predecessor SMID<br />Fund"), the predecessor of the SMID Cap Fund) has performed in the past and<br />provides some indication of the risks of investing in the SMID Cap Fund. The<br />table shows how the performance of the SMID Cap Fund (and Predecessor SMID Fund)<br />has varied from year to year as compared with the performance of the Russell<br />2500&#xAE; Index, a securities index that measures the performance of the<br />small-to-medium capitalization segment of the U.S. equity universe. For periods<br />prior to July 23, 2010, after-tax returns are shown only for Predecessor SMID<br />Fund's Institutional Class shares, which commenced operations on December 31,<br />2004 and correspond to the SMID Cap Fund's shares. Keep in mind that past<br />performance (before and after taxes) may not indicate how well the SMID Cap Fund<br />will perform in the future. Updated performance information can be found on our<br />Web site at www.ironbridgefunds.net or by calling toll-free to 1-877-861-7714.</tt> <tt>The following table describes the fees and expenses that you may pay if you buy<br />and hold shares of the SMID Cap Fund.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/OperatingExpensesData_S000029167Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/PerformanceTableData_S000029167Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/ShareholderFeesData_S000029167Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Russell 2500® Index -0.0251 0.0124 0.0422 2004-12-31 Return After Taxes on Distributions and Sale of Fund Shares -0.0134 0.0200 0.0361 2004-12-31 Return After Taxes on Distributions -0.0320 0.0196 0.0387 2004-12-31 IBSMX lowest return for a calendar quarter highest return for a calendar quarter 0.00 2012-09-30 0 Return Before Taxes 94 2009-06-30 293 -0.2446 0.2551 1131 0.00 509 0.1053 0.1839 -0.0282 0.0007 -0.3366 0.0085 2008-12-31 0.2648 0.0250 0.0861 nine-month period ended -0.0282 0.00 0.00 0.0092 15 0.0934 0.0431 2004-12-31 0.1034 0.00 <tt>The Global Fund pays transaction costs, such as commissions, when it buys and<br />sells securities (or "turns over" its portfolio). A higher portfolio turnover<br />rate 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. During the most recent fiscal year, the Global Fund's portfolio<br />turnover rate was 46% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/ExpenseExample_S000029166Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/BarChartData_S000029166Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The investment objective of the IronBridge Global Fund ("Global Fund") is<br />long-term capital appreciation.</tt> <tt>This Example is intended to help you compare the cost of investing in the Global<br />Fund with the cost of investing in other mutual funds.<br />&#xA0;&#xA0;<br />This Example assumes that you invest $10,000 in the Global Fund for the time<br />periods indicated and then redeem all of your shares at the end of those<br />periods. The Example also assumes that your investment has a 5% return each<br />year and that the Global Fund's operating expenses remain the same. Although<br />your actual costs may be higher or lower, based on these assumptions your costs<br />would be:</tt> <tt>The Global Fund seeks to achieve its investment objective by investing primarily<br />in equity securities of companies traded in developed markets throughout the<br />world, including the United States. The Global Fund will be diversified among a<br />number of countries (at least three) and will invest at least 40% of its total<br />assets in foreign securities. The Global Fund invests primarily in the equity<br />securities of companies principally traded in the regions that are included in<br />the Morgan Stanley Capital World Index Net ("MSCI World Index Net"). The Global<br />Fund may invest in companies across all market capitalizations, but the Global<br />Fund will primarily invest in companies with market capitalizations in excess of<br />US$ 2 billion, determined at the time of investment. Additionally, the Global<br />Fund may invest up to 10% of its total assets (calculated at the time of<br />purchase) in securities of companies principally traded in emerging market<br />countries.&#xA0;&#xA0;The Global Fund may also invest in American Depository Receipts<br />and/or Global Depository Receipts. <br /> <br />The Adviser actively manages the Global Fund by choosing companies for<br />investment that the Adviser believes have the potential to exceed economic<br />performance levels on which market valuations are premised. In constructing a<br />portfolio of investments for the Global Fund, the Adviser selects equity<br />securities using an economic return framework, a valuation model that uses cash<br />flow, rather than traditional accounting measures such as corporate performance,<br />earnings and book value, to determine a company's value. The Adviser uses this<br />methodology to identify attractively-priced companies, and as a result, the<br />Global Fund invests in primarily growth and value-style equity securities.</tt> IRONBRIDGE GLOBAL FUND Expense Example. After-tax returns are calculated using the highest individual federal income tax rates in effect during each year of the periods shown and do not reflect the impact of state and local taxes. Investment Objective. Keep in mind that past performance (before and after taxes) may not indicate how well the Global Fund will perform in the future. Loss of money is a risk of investing in the Global Fund. Principal Investment Risks. Shareholder Fees (fees paid directly from your investment) If you sell your shares in: 0.46 After-tax returns are not relevant if you hold your Global Fund shares through a tax-deferred arrangement, such as a 401(k) plan, individual retirement account (IRA) or 529 college savings plan. Calendar Year Total Returns Annual Total Returns for Global Fund (or Predecessor Global Fund) for the years ended December 31, Performance. <tt>After-tax returns are calculated using the highest individual federal income tax<br />rates in effect during each year of the periods shown and do not reflect the<br />impact of state and local taxes. Your actual after-tax returns depend on your<br />individual tax situation and likely will differ from the results shown above. <br />After-tax returns are not relevant if you hold your Global Fund shares through a<br />tax-deferred arrangement, such as a 401(k) plan, individual retirement account<br />(IRA) or 529 college savings plan.</tt> The bar chart and table below show how the Global Fund (and, for periods prior to July 23, 2010, the Frontegra IronBridge Global Focus Fund (the "Predecessor Global Fund"), the predecessor of the Global Fund) has performed in the past and provides some indication of the risks of investing in the Global Fund. <tt>During the periods shown above, the highest return for the Global Fund or the<br />Predecessor Global Fund for a calendar quarter was 12.92% (quarter ended<br />September 30, 2010) and the lowest return for a calendar quarter was (17.35)%<br />(quarter ended September 30, 2011).</tt> 1-877-861-7714 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 Risk. The general level of stock prices as a whole could decline,<br />causing a decline in the value of your investment.<br />&#xA0;&#xA0;<br />Market Event Risk. During 2008 and 2009, extreme market events caused<br />unprecedented market volatility and resulted in significant drops in equity<br />valuations.&#xA0;&#xA0;Financial markets continue to experience higher than usual<br />volatility, and there is no guaranty that events similar to 2008 and 2009 will<br />not happen again.<br />&#xA0;&#xA0;<br />Foreign Securities Risk. Foreign investments may be less liquid, subject to<br />currency-rate fluctuations, be in areas with political and economic instability<br />and be subject to less strict regulation of the securities markets.<br />&#xA0;&#xA0;<br />Emerging Markets Risk. The risks of foreign investments typically are greater in<br />emerging markets.<br /> <br />Currency Risk. Investments in foreign securities denominated and traded in<br />foreign currencies may be subject to unfavorable fluctuations in foreign<br />currency exchange rates.<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;<br />Region Risk. Changes affecting a particular global region where the Global Fund<br />has invested may have a significant impact on the value of the Global Fund's<br />overall value.<br />&#xA0;&#xA0;<br />Global Sector Risk. Changes affecting a particular sector of the world economy<br />in which the Global Fund has invested may have a significant impact on the value<br />of the Global Fund's overall portfolio.<br />&#xA0;&#xA0;<br />American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk.&#xA0;&#xA0;ADRs<br />are receipts issued by US banks evidencing ownership in securities of foreign<br />issuers, and GDRs are receipts issued by banks in more than one country<br />evidencing ownership in securities of foreign issuers. Securities of foreign<br />issuers, and consequently ADRs and GDRs, may decrease in value for many of the<br />same reasons outlined above.<br /> <br />Stock Selection Risk. Individual stocks may decline in value or not increase in<br />value, even when the stock market in general is rising. <br /> <br />Liquidity Risk. The Adviser may not be able to sell the Global Fund's securities<br />at a time or at a price would benefit the Fund.<br /> <br />Equity Securities Risk. Common equity stocks are subject to greater volatility<br />and chance of decline than other securities, such as fixed-income securities.<br />&#xA0;&#xA0;<br />Management Risk. There is no guaranty that the Adviser will choose investments<br />that increase in value.<br />&#xA0;&#xA0;<br />Growth Investing Risk. Growth companies are generally more susceptible than<br />established companies to market events and sharp declines in value.<br />&#xA0;&#xA0;<br />Value Investing Risk. Value stocks may not increase in price, may not issue the<br />anticipated stock dividends or may decline in price, based upon the market's<br />belief of the issuer's intrinsic worth.<br /> <br />Loss of Money Risk. Loss of money is a risk of investing in the Global Fund.</tt> Portfolio Fees and Expenses. Principal Investment Strategies. www.ironbridgefunds.net <tt>The bar chart and table below show how the Global Fund (and, for periods prior<br />to July 23, 2010, the Frontegra IronBridge Global Focus Fund (the "Predecessor<br />Global Fund"), the predecessor of the Global Fund) has performed in the past and<br />provides some indication of the risks of investing in the Global Fund. The<br />table shows how the performance of the Global Fund (and Predecessor Global Fund)<br />has varied from year to year as compared with the performance of the MSCI World<br />Index Net, a securities index that measures the equity market performance of<br />developed markets. Keep in mind that past performance (before and after taxes)<br />may not indicate how well the Global Fund will perform in the future. Updated<br />performance information can be found on our Web site at www.ironbridgefunds.net<br />or by calling toll-free to 1-877-861-7714.</tt> <tt>The following table describes the fees and expenses that you may pay if you buy<br />and hold shares of the Global Fund.</tt> <div style="display:none">~ http://www.ironbridgefunds.net/role/OperatingExpensesData_S000029166Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/PerformanceTableData_S000029166Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.ironbridgefunds.net/role/ShareholderFeesData_S000029166Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> MSCI World Index Net -0.0554 0.0375 2009-09-18 Return After Taxes on Distributions and Sale of Fund Shares -0.0174 0.0173 2009-09-18 Return After Taxes on Distributions -0.1243 0.0036 2009-09-18 IBGFX lowest return for a calendar quarter highest return for a calendar quarter 0.00 2012-09-30 0 Return Before Taxes 102 2010-09-30 459 -0.1735 -0.0066 0.1385 1910 -0.0200 840 0.1292 -0.0732 0.0081 0.0085 2013-11-01 2011-09-30 nine-month period ended -0.0732 0.00 0.00 0.0100 0.0166 15 0.0296 2009-09-18 0.1223 0.00 0001487592 ck0001487592:SummaryS000029166Memberck0001487592:S000029166Memberck0001487592:C000089653Member 2012-11-01 2012-11-01 0001487592 ck0001487592:SummaryS000029166Memberck0001487592:S000029166Memberrr:AfterTaxesOnDistributionsMemberck0001487592:C000089653Member 2012-11-01 2012-11-01 0001487592 ck0001487592:SummaryS000029166Memberck0001487592:S000029166Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001487592:C000089653Member 2012-11-01 2012-11-01 0001487592 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ck0001487592:SummaryS000030487Memberck0001487592:S000030487Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0001487592:C000093758Member 2012-11-01 2012-11-01 0001487592 ck0001487592:SummaryS000030487Memberck0001487592:S000030487Memberck0001487592:RRINDEX00002Member 2012-11-01 2012-11-01 0001487592 ck0001487592:SummaryS000030487Memberck0001487592:S000030487Member 2012-11-01 2012-11-01 0001487592 2012-11-01 2012-11-01 pure iso4217:USD A service fee of $15 may be imposed for shares redeemed by wire. The Adviser has contractually agreed to reduce its compensation due from and/or assume expenses of the Global Fund to the extent necessary to ensure that the Global Fund's operating expenses (excluding taxes, interest, brokerage commissions and acquired fund fees and expenses, if any, and other extraordinary expenses) do not exceed 1.00% of the Global Fund's average net assets. The fee waiver and expense reimbursement agreement is in effect until November 1, 2013, with successive renewal terms of one year thereafter unless terminated by the Company or the Adviser prior to any such renewal. Prior to November 1, 2013, the expense cap agreement can only be terminated by the Company's Board of Directors. To the extent the Adviser waives its compensation and/or absorbs expenses to satisfy the expense cap, it may seek repayment by the Global Fund of a portion or all of such amounts at any time within three fiscal years after the fiscal year in which such amounts were waived or absorbed, subject to the respective expense caps. For the nine-month period ended September 30, 2012, the Global Fund had a return of 12.23%. For the nine-month period ended September 30, 2012, the SMID Cap Fund had a return of 10.34%. For the nine-month period ended September 30, 2012, the Small Cap Fund had a return of 12.04%. The Adviser has contractually agreed to reduce its compensation due from and/or assume expenses of the Large Cap Fund to the extent necessary to ensure that the Large Cap Fund's operating expenses (excluding taxes, interest, brokerage commissions and acquired fund fees and expenses, if any, and other extraordinary expenses) do not exceed 0.80% of the Large Cap Fund's average net assets. The fee waiver and expense reimbursement agreement is in effect until November 1, 2013, with successive renewal terms of one year thereafter unless terminated by the Company or the Adviser prior to any such renewal. Prior to November 1, 2013, the expense cap agreement can only be terminated by the Company's Board of Directors. To the extent the Adviser waives its compensation and/or absorbs expenses to satisfy the expense cap, it may seek repayment by the Large Cap Fund of a portion or all of such amounts at any time within three fiscal years after the fiscal year in which such amounts were waived or absorbed, subject to the respective expense caps. The Adviser has contractually agreed to reduce its compensation due from and/or assume expenses of the Horizon Fund to the extent necessary to ensure that the Horizon Fund's operating expenses (excluding taxes, interest, brokerage commissions and acquired fund fees and expenses, if any, and other extraordinary expenses) do not exceed 1.10% of the Horizon Fund's average net assets. The fee waiver and expense reimbursement agreement is in effect until November 1, 2013, with successive renewal terms of one year thereafter unless terminated by the Company or the Adviser prior to any such renewal. Prior to November 1, 2013, the expense cap agreement can only be terminated by the Company's Board of Directors. To the extent the Adviser waives its compensation and/or absorbs expenses to satisfy the expense cap, it may seek repayment by the Horizon Fund of a portion or all of such amounts at any time within three fiscal years after the fiscal year in which such amounts were waived or absorbed, subject to the respective expense caps. For the nine-month period ended September 30, 2012, the Horizon Fund had a return of 11.72%. The Adviser has contractually agreed to reduce its compensation due from and/or assume expenses of the Skyline Fund to the extent necessary to ensure that the Skyline Fund's operating expenses (excluding taxes, interest, brokerage commissions and acquired fund fees and expenses, if any, and other extraordinary expenses) do not exceed 1.00% of the Skyline Fund's average net assets. The fee waiver and expense reimbursement agreement is in effect until November 1, 2013, with successive renewal terms of one year thereafter unless terminated by the Company or the Adviser prior to any such renewal. Prior to November 1, 2013, the expense cap agreement can only be terminated by the Company's Board of Directors. To the extent the Adviser waives its compensation and/or absorbs expenses to satisfy the expense cap, it may seek repayment by the Skyline Fund of a portion or all of such amounts at any time within three fiscal years after the fiscal year in which such amounts were waived or absorbed, subject to the respective expense caps. For the nine-month period ended September 30, 2012, the Skyline Fund had a return of 10.10%. 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