485BPOS

Filed with the Securities and Exchange Commission on September 28, 2012

1933 Act Registration File No. 333-172080

1940 Act File No. 811-22525

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.	59	[	X	]

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940		[	X		]
Amendment No.	60	[		X	]

(Check appropriate box or boxes.)

MANAGED PORTFOLIO SERIES

(Exact Name of Registrant as Specified in Charter)

615 East Michigan Street

Milwaukee, WI  53202

(Address of Principal Executive Offices, including Zip Code)

Registrant’s Telephone Number, including Area Code:  (414) 287-3700

James R. Arnold, President and Principal Executive Officer

Managed Portfolio Series

615 East Michigan Street

Milwaukee, WI  53202

(Name and Address of Agent for Service)

Copy to:

Scot Draeger, Esq.

Bernstein, Shur, Sawyer & Nelson P.A.

100 Middle Street

P.O. Box 9729

Portland, ME 04104-5029

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

[	X	]	immediately upon filing pursuant to paragraph (b)
[		]	On April 30, 2010 pursuant to paragraph (b)
[		]	60 days after filing pursuant to paragraph (a)(1)
[		]	on (date) pursuant to paragraph (a)(1)
[		]	75 days after filing pursuant to paragraph (a)(2)
[		]	on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

[ ] This post-effective amendment designates a new effective date for a previously filed post- effective amendment.

Explanatory Note: This Post-Effective Amendment (“PEA”) No. 59 to the Registration Statement of Managed Portfolio Series (the “Trust”) on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 50 on Form N-1A filed on September 11, 2012.  This PEA No. 59 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 50 to the Trust’s Registration Statement.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 59 meets all of the requirements for effectiveness under Rule 485(b) and the Registrant has duly caused this Post-Effective Amendment No. 59 to its Registration Statement on Form N-1A to be signed below on its behalf by the undersigned, duly authorized, in the City of Milwaukee and State of Wisconsin, on the 28th day of September, 2012.

Managed Portfolio Series

By:  /s/ James R. Arnold                         

     James R. Arnold

     President

Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on the 28th day of September, 2012.

Signature		Title
/s/ Roel C. Campos*		Trustee
Roel C. Campos
/s/ Robert J. Kern*		Trustee
Robert J. Kern
/s/ David A. Massart*		Trustee
David A. Massart
/s/ Leonard M. Rush*		Trustee
Leonard M. Rush
/s/ David M. Swanson*		Trustee
David M. Swanson
/s/ James R. Arnold		President and Principal Executive Officer
James R. Arnold
/s/ Brian R. Wiedmeyer		Treasurer and Principal Financial Officer
Brian R. Wiedmeyer
*By:	/s/ James R. Arnold
	James R. Arnold,Attorney-In Fact pursuant to Power of Attorney

INDEX TO EXHIBITS

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

XML

Advantus Strategic Dividend Income Fund (Prospectus Summary) | Advantus Strategic Dividend Income Fund

Advantus Strategic Dividend Income Fund

Investment Objective

The Advantus Strategic Dividend Income Fund (the "Fund") seeks above average
income and long-term growth of capital,

with reduced volatility compared to broader equity markets, as a secondary
objective.

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		Advantus Strategic Dividend Income Fund Institutional Class Shares
Management Fees		0.75%
Other Expenses	[1]	0.39%
Acquired Fund Fees and Expenses	[1]	0.01%
Total Annual Fund Operating Expenses		1.15%
Fee Waiver/Expense Reimbursement	[2]	(0.19%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement	[2]	0.96%

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 (taking into account the expense limitation for one
year).

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
Advantus Strategic Dividend Income Fund Institutional Class Shares	98	347

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 costs, which are not reflected in
the annual fund operating expenses or in the Example, affect the Fund's
performance.

Principal Investment Strategies

Under normal market conditions, the Adviser primarily invests in dividend-paying
equity securities, including common and preferred stocks of utilities,
infrastructure-related, real estate-related and other companies. Typically, the
Adviser allocates 50% or more of the Fund's total assets to real estate
securities ("Real Estate Securities"). The Fund also may invest up to 25% of
its total assets in the securities of master limited partnerships ("MLPs"). In
addition, the Adviser may invest in exchange-traded funds ("ETFs"),
exchange-traded notes ("ETNs"), Treasury inflation-protected securities
("TIPS"), and futures and may write covered calls to accomplish one or more
of the following: manage inflation or volatility, increase income, or gain market
exposure.

ETNs are debt obligations of investment banks which are traded on exchanges
and whose returns are linked to the performance of market indices.

TIPS are bonds issued by the U.S. Treasury.  The value of the bond's principal
is adjusted to track changes in the Consumer Price Index for all Urban Consumers
before seasonal adjustment (calculated by the Bureau of Labor Statistics)
("CPI"). Because the interest rate on TIPS is fixed and is paid on the adjusted
principal, interest payments will also rise with inflation and fall with
deflation. Upon maturity, TIPS return the greater of the original principal or
the original principal plus any inflation adjustments since the bond was issued.

Real Estate Securities include securities issued by companies that receive at
least 50% of their gross revenue from the construction, ownership, management,
financing or sale of residential, commercial or industrial real estate and
securities issued by companies primarily engaged in businesses that sell or
offer products or services that are closely related to the real estate industry.
Real Estate Securities also include securities issued by Real Estate Investment
Trusts ("REITs") or Real Estate Operating Companies ("REOCs") that are listed
on a securities exchange or traded over-the-counter. A REIT is a corporation or
trust that invests primarily in fee or leasehold ownership of real estate,
mortgages or shares issued by other REITs and that receives favorable tax
treatment provided it meets certain conditions, including the requirement that
it distributes at least 90% of its taxable income. A REOC is a corporation that
is similar to a REIT, except that a REOC has not taken the REIT tax election
and therefore does not have a requirement to distribute any of its taxable
income. REOCs are also more flexible than REITs in terms of what types of real
estate investments they can make. The Fund does not invest directly in real
estate.

MLPs are publicly traded partnerships primarily engaged in the transportation,
storage, processing, refining, marketing, exploration, production, and mining of
minerals and natural resources. MLPs trade on national securities exchanges
exactly like the shares of a corporation, without entity level taxation. MLPs
typically distribute income quarterly and have potential for capital appreciation
to the extent that they experience growth in cash flow or earnings or increases
in valuations.

The Fund may invest in companies of any size capitalization. In selecting
securities, the Fund's Adviser considers factors such as a company's dividend
payments, financial condition, financial performance, quality of management,
policies and strategies, business plans and competitive market condition. The
Adviser expects that the Fund's turnover will range from 30% to 50% under normal
market conditions.
  
The Fund may invest in securities of foreign issuers which are not U.S. dollar
denominated or traded in the U.S., but in no event may such investments, when
aggregated with its other investments in foreign securities, exceed more than
30% of its total assets.

At the discretion of the Adviser, the Fund may invest its assets in cash, cash
equivalents, and high-quality, short-term debt securities and money market
instruments for temporary defensive purposes in response to adverse market,
economic or political conditions and to retain flexibility in meeting redemptions
and paying expenses, which may result in the Fund not achieving its
investment objective.

Principal Risks

As with any mutual fund, there are risks to investing. An investment in the Fund
is not a deposit of a bank and is not insured or guaranteed by the Federal
Deposit Insurance Corporation or any other governmental agency. Remember,
in addition to possibly not achieving your investment goals, you could lose all or
a portion of your investment in the Fund over short or even long periods of
time. The principal risks of investing in the Fund are:

General Market Risk. The Fund's net asset value and investment return will
fluctuate based upon changes in the value of its portfolio securities.  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.

Management Risk. The Fund may not meet its investment objective or may
underperform investment vehicles with similar strategies if the Adviser cannot
successfully implement the Fund's investment strategies.

Concentration Risk. The Fund's strategy of focusing its investments in Real
Estate Securities (including REITs and REOCs) and a limited number of other
industries means that the performance of the Fund will be closely tied to the
performance of those industries. The Fund's concentrated focus presents more
risk than if it were broadly diversified over numerous industries and sectors of
the economy. An inherent risk associated with any investment focus is that the
Fund may be adversely affected if one or two of its investments perform poorly.

Equity Securities Risk. The equity securities held in the Fund's portfolio may
experience sudden, unpredictable drops in value or long periods of decline in
value. This may occur because of factors that affect securities markets
generally or factors affecting specific industries, sectors or companies in
which the Fund invests.

Large-Cap, Mid-Cap and Small-Cap Companies Risk. The Fund's investment in larger
companies is subject to the risk that larger companies are sometimes unable to
attain the high growth rates of successful, smaller companies, especially during
extended periods of economic expansion.  Securities of mid-cap and small-cap
companies may be more volatile and less liquid than the securities of large-cap
companies.

Foreign Securities Risk. Foreign companies involve risks not generally
associated with investment in the securities of U.S. companies, including risks
relating to political, social and economic developments abroad and differences
between U.S. and foreign regulatory and tax requirements and market practices,
including fluctuations in foreign currencies.

Preferred Stock Risk. A preferred stock is a blend of the characteristics of a
bond and common stock. It may offer the higher yield of a bond and has priority
over common stock in equity ownership, but it does not have the seniority of a
bond and, unlike common stock, its participation in the issuer's growth may be
limited. Preferred stock has preference over common stock in the receipt of
dividends or in any residual assets after payment to creditors should the issuer
be dissolved. Although the dividend on a preferred stock may be set at a fixed
annual rate, in some circumstances it may be changed or passed by the issuer.
  
Real Estate Securities Risk. The real estate industry has been subject to
substantial fluctuations and declines on a local, regional and national basis in
the past and may continue to be in the future. Also, the value of a Real Estate
Security (including REITs and REOCs) can be diminished by economic downturns
or by changes in real estate values, rents, property taxes, interest rates, tax
treatment, regulations, or the legal structure of a real estate investment
trust.

MLP Risk. MLPs are subject to many risks. Holders of MLPs have limited control
and voting rights on matters affecting the partnership and are exposed to a
remote possibility of liability for all of the obligations of that MLP. Holders
of MLPs are also exposed to the risk that they will be required to repay amounts
to the MLP that are wrongfully distributed to them. In addition, the value of
the Fund's investment in an MLP will depend largely on the MLP's treatment as a
partnership for U.S. federal income tax purposes. Furthermore, MLPs may not be
as liquid as other more commonly traded equity securities. The value of MLPs
that are regulated by the Federal Energy Regulatory Commission ("FERC") may also
be negatively impacted by regulatory action taken by and regulatory requirements
of FERC.

ETF Risk. The market price of the shares of an ETF will fluctuate based on
changes in the net asset value as well as changes in the supply and demand of
its shares in the secondary market. It is also possible that an active secondary
market of an ETF's shares may not develop and market trading in the shares of
the ETF may be halted under certain circumstances. In addition, ETFs have
management and other expenses. The Fund will bear its pro rata portion of these
expenses and therefore the Fund's expenses may be higher than if it invested
directly in securities.

Exchange-Traded Note Risk. The value of an ETN may be influenced by time
to maturity, level of supply and demand for the ETN, volatility and lack of
liquidity in the underlying securities' markets, changes in the applicable
interest rates, changes in the issuer's credit rating and economic, legal,
political or geographic events that affect the referenced index. In addition,
ETNs are unsecured debt of the issuer and would lose value if the issuer goes
bankrupt.

TIPS Risk. Interest payments on TIPS are unpredictable and will fluctuate as the
principal and corresponding interest payments are adjusted for inflation. There
can be no assurance that the CPI will accurately measure the real rate of
inflation in the prices of goods and services. Any increases in the principal
amount of TIPS will be considered taxable ordinary income, even though the
Fund will not receive the principal until maturity. As a result, the Fund may make
income distributions to shareholders that exceed the cash it receives. In
addition, TIPS are subject to credit risk, interest rate risk and duration
risk. Credit risk is the risk that an issuer will not make timely payments of
principal and interest. Interest rate risk is the risk that the value of debt
securities fluctuates with changes in interest rates (e.g. increases in interest
rates result in a decrease in value of debt securities). Duration risk is the
risk that holding long duration and long maturity investments will magnify
certain other risks, including interest rate risk and credit risk.

Call Option Risk. The writer of an option has no control over the time when
it may be required to fulfill its obligation as a writer of the option. If the
Fund writes a covered call option, during the option's life the Fund gives up
the opportunity to profit from increases in the market value of the security
covering the call option above the sum of the premium and the strike price
of the call, but retains the risk of loss should the price of the underlying
security decline.

New Fund Risk. The Fund is new with no operating history and there can be no
assurance that the Fund will grow to or maintain an economically viable size, in
which case the Board of Trustees may determine to liquidate the Fund.
  
Futures Contracts Risk. The primary risks associated with the use of futures
contracts are (a) the imperfect correlation between the change in market value
of the instruments held by the Fund and the price of the futures contract; (b)
possible lack of a liquid secondary market for a futures contract and the
resulting inability to close a futures contract when desired; (c) losses caused
by unanticipated market movements, which are potentially unlimited; (d) the
Adviser's inability to predict correctly the direction of securities prices,
interest rates, currency exchange rates and other economic factors; (e) the
possibility that the counterparty will default in the performance of its
obligations; and (f) if the Fund has insufficient cash, it may have to sell
securities from its portfolio to meet daily variation margin requirements, and
the Fund may have to sell securities at a time when it may be disadvantageous
to do so.

Performance

When the Fund has been in operation for a full calendar year, performance
information will be shown here. Until such time, inception-to-date performance
information as of the end of most recently completed calendar quarter will be
available in the Fund section of the Adviser's website at
www.advantuscapital.com or by calling the Fund toll-free at 855-824-1355.
Performance information, when available, will provide some indication of 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
certain periods compare with those of a broad measure of market performance.

[1] Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year.

[2] Advantus Capital Management, Inc. (the "Adviser" or "Advantus") has contractually agreed to reimburse the Fund for its operating expenses, and may reduce its management fees, in order to ensure that Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, brokerage commissions, interest, taxes and extraordinary expenses) do not exceed 0.95% of the Fund's average daily net assets. Expenses reimbursed and/or fees reduced by the Adviser may be recouped by the Adviser for a period of three fiscal years following the fiscal year during which such reimbursement or reduction was made if such recoupment can be achieved within the foregoing expense limits. The Operating Expense Limitation Agreement will be in effect and cannot be terminated through at least one year from the effective date of this Prospectus, subject thereafter to termination at any time upon 60 days' written notice by either the Trust or the Adviser through December 31, 2014. The Trust's Board of Trustees (the "Board of Trustees") must consent to the termination of the Operating Expense Limitation Agreement by the Adviser after one year from the effective date of this Prospectus, which consent shall not be unreasonably withheld.

XML

Label	Element	Value
Risk Return [Abstract]	rr_RiskReturnAbstract
Document Type	dei_DocumentType	485BPOS
Document Period End Date	dei_DocumentPeriodEndDate	Sep. 11, 2012
Registrant Name	dei_EntityRegistrantName	Managed Portfolio Series
Central Index Key	dei_EntityCentralIndexKey	0001511699
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Sep. 11, 2012
Document Effective Date	dei_DocumentEffectiveDate	Sep. 11, 2012
Advantus Strategic Dividend Income Fund (Prospectus Summary) | Advantus Strategic Dividend Income Fund | Institutional Class Shares
Risk Return [Abstract]	rr_RiskReturnAbstract
Trading Symbol	dei_TradingSymbol	VSDIX

XML

Label	Element	Value
Risk Return [Abstract]	rr_RiskReturnAbstract
ProspectusDate	rr_ProspectusDate	Sep. 11, 2012
Advantus Strategic Dividend Income Fund (Prospectus Summary) | Advantus Strategic Dividend Income Fund
Risk Return [Abstract]	rr_RiskReturnAbstract
Risk/Return [Heading]	rr_RiskReturnHeading	Advantus Strategic Dividend Income Fund
Objective [Heading]	rr_ObjectiveHeading	Investment Objective
Objective, Primary [Text Block]	rr_ObjectivePrimaryTextBlock	The Advantus Strategic Dividend Income Fund (the "Fund") seeks above average income and long-term growth of capital,
Objective, Secondary [Text Block]	rr_ObjectiveSecondaryTextBlock	with reduced volatility compared to broader equity markets, as a secondary objective.
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 costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance.
Other Expenses, New Fund, Based on Estimates [Text]	rr_OtherExpensesNewFundBasedOnEstimates	Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year.
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 (taking into account the expense limitation for one year).
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	Under normal market conditions, the Adviser primarily invests in dividend-paying equity securities, including common and preferred stocks of utilities, infrastructure-related, real estate-related and other companies. Typically, the Adviser allocates 50% or more of the Fund's total assets to real estate securities ("Real Estate Securities"). The Fund also may invest up to 25% of its total assets in the securities of master limited partnerships ("MLPs"). In addition, the Adviser may invest in exchange-traded funds ("ETFs"), exchange-traded notes ("ETNs"), Treasury inflation-protected securities ("TIPS"), and futures and may write covered calls to accomplish one or more of the following: manage inflation or volatility, increase income, or gain market exposure. ETNs are debt obligations of investment banks which are traded on exchanges and whose returns are linked to the performance of market indices. TIPS are bonds issued by the U.S. Treasury.  The value of the bond's principal is adjusted to track changes in the Consumer Price Index for all Urban Consumers before seasonal adjustment (calculated by the Bureau of Labor Statistics) ("CPI"). Because the interest rate on TIPS is fixed and is paid on the adjusted principal, interest payments will also rise with inflation and fall with deflation. Upon maturity, TIPS return the greater of the original principal or the original principal plus any inflation adjustments since the bond was issued. Real Estate Securities include securities issued by companies that receive at least 50% of their gross revenue from the construction, ownership, management, financing or sale of residential, commercial or industrial real estate and securities issued by companies primarily engaged in businesses that sell or offer products or services that are closely related to the real estate industry. Real Estate Securities also include securities issued by Real Estate Investment Trusts ("REITs") or Real Estate Operating Companies ("REOCs") that are listed on a securities exchange or traded over-the-counter. A REIT is a corporation or trust that invests primarily in fee or leasehold ownership of real estate, mortgages or shares issued by other REITs and that receives favorable tax treatment provided it meets certain conditions, including the requirement that it distributes at least 90% of its taxable income. A REOC is a corporation that is similar to a REIT, except that a REOC has not taken the REIT tax election and therefore does not have a requirement to distribute any of its taxable income. REOCs are also more flexible than REITs in terms of what types of real estate investments they can make. The Fund does not invest directly in real estate. MLPs are publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLPs trade on national securities exchanges exactly like the shares of a corporation, without entity level taxation. MLPs typically distribute income quarterly and have potential for capital appreciation to the extent that they experience growth in cash flow or earnings or increases in valuations. The Fund may invest in companies of any size capitalization. In selecting securities, the Fund's Adviser considers factors such as a company's dividend payments, financial condition, financial performance, quality of management, policies and strategies, business plans and competitive market condition. The Adviser expects that the Fund's turnover will range from 30% to 50% under normal market conditions.    The Fund may invest in securities of foreign issuers which are not U.S. dollar denominated or traded in the U.S., but in no event may such investments, when aggregated with its other investments in foreign securities, exceed more than 30% of its total assets. At the discretion of the Adviser, the Fund may invest its assets in cash, cash equivalents, and high-quality, short-term debt securities and money market instruments for temporary defensive purposes in response to adverse market, economic or political conditions and to retain flexibility in meeting redemptions and paying expenses, which may result in the Fund not achieving its investment objective.
Strategy Portfolio Concentration [Text]	rr_StrategyPortfolioConcentration	Under normal market conditions, the Adviser primarily invests in dividend-paying equity securities, including common and preferred stocks of utilities, infrastructure-related, real estate-related and other companies.
Risk [Heading]	rr_RiskHeading	Principal Risks
Risk Narrative [Text Block]	rr_RiskNarrativeTextBlock	As with any mutual fund, there are risks to investing. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time. The principal risks of investing in the Fund are: General Market Risk. The Fund's net asset value and investment return will fluctuate based upon changes in the value of its portfolio securities.  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. Management Risk. The Fund may not meet its investment objective or may underperform investment vehicles with similar strategies if the Adviser cannot successfully implement the Fund's investment strategies. Concentration Risk. The Fund's strategy of focusing its investments in Real Estate Securities (including REITs and REOCs) and a limited number of other industries means that the performance of the Fund will be closely tied to the performance of those industries. The Fund's concentrated focus presents more risk than if it were broadly diversified over numerous industries and sectors of the economy. An inherent risk associated with any investment focus is that the Fund may be adversely affected if one or two of its investments perform poorly. Equity Securities Risk. The equity securities held in the Fund's portfolio may experience sudden, unpredictable drops in value or long periods of decline in value. This may occur because of factors that affect securities markets generally or factors affecting specific industries, sectors or companies in which the Fund invests. Large-Cap, Mid-Cap and Small-Cap Companies Risk. The Fund's investment in larger companies is subject to the risk that larger companies are sometimes unable to attain the high growth rates of successful, smaller companies, especially during extended periods of economic expansion.  Securities of mid-cap and small-cap companies may be more volatile and less liquid than the securities of large-cap companies. Foreign Securities Risk. Foreign companies involve risks not generally associated with investment in the securities of U.S. companies, including risks relating to political, social and economic developments abroad and differences between U.S. and foreign regulatory and tax requirements and market practices, including fluctuations in foreign currencies. Preferred Stock Risk. A preferred stock is a blend of the characteristics of a bond and common stock. It may offer the higher yield of a bond and has priority over common stock in equity ownership, but it does not have the seniority of a bond and, unlike common stock, its participation in the issuer's growth may be limited. Preferred stock has preference over common stock in the receipt of dividends or in any residual assets after payment to creditors should the issuer be dissolved. Although the dividend on a preferred stock may be set at a fixed annual rate, in some circumstances it may be changed or passed by the issuer.    Real Estate Securities Risk. The real estate industry has been subject to substantial fluctuations and declines on a local, regional and national basis in the past and may continue to be in the future. Also, the value of a Real Estate Security (including REITs and REOCs) can be diminished by economic downturns or by changes in real estate values, rents, property taxes, interest rates, tax treatment, regulations, or the legal structure of a real estate investment trust. MLP Risk. MLPs are subject to many risks. Holders of MLPs have limited control and voting rights on matters affecting the partnership and are exposed to a remote possibility of liability for all of the obligations of that MLP. Holders of MLPs are also exposed to the risk that they will be required to repay amounts to the MLP that are wrongfully distributed to them. In addition, the value of the Fund's investment in an MLP will depend largely on the MLP's treatment as a partnership for U.S. federal income tax purposes. Furthermore, MLPs may not be as liquid as other more commonly traded equity securities. The value of MLPs that are regulated by the Federal Energy Regulatory Commission ("FERC") may also be negatively impacted by regulatory action taken by and regulatory requirements of FERC. ETF Risk. The market price of the shares of an ETF will fluctuate based on changes in the net asset value as well as changes in the supply and demand of its shares in the secondary market. It is also possible that an active secondary market of an ETF's shares may not develop and market trading in the shares of the ETF may be halted under certain circumstances. In addition, ETFs have management and other expenses. The Fund will bear its pro rata portion of these expenses and therefore the Fund's expenses may be higher than if it invested directly in securities. Exchange-Traded Note Risk. The value of an ETN may be influenced by time to maturity, level of supply and demand for the ETN, volatility and lack of liquidity in the underlying securities' markets, changes in the applicable interest rates, changes in the issuer's credit rating and economic, legal, political or geographic events that affect the referenced index. In addition, ETNs are unsecured debt of the issuer and would lose value if the issuer goes bankrupt. TIPS Risk. Interest payments on TIPS are unpredictable and will fluctuate as the principal and corresponding interest payments are adjusted for inflation. There can be no assurance that the CPI will accurately measure the real rate of inflation in the prices of goods and services. Any increases in the principal amount of TIPS will be considered taxable ordinary income, even though the Fund will not receive the principal until maturity. As a result, the Fund may make income distributions to shareholders that exceed the cash it receives. In addition, TIPS are subject to credit risk, interest rate risk and duration risk. Credit risk is the risk that an issuer will not make timely payments of principal and interest. Interest rate risk is the risk that the value of debt securities fluctuates with changes in interest rates (e.g. increases in interest rates result in a decrease in value of debt securities). Duration risk is the risk that holding long duration and long maturity investments will magnify certain other risks, including interest rate risk and credit risk. Call Option Risk. The writer of an option has no control over the time when it may be required to fulfill its obligation as a writer of the option. If the Fund writes a covered call option, during the option's life the Fund gives up the opportunity to profit from increases in the market value of the security covering the call option above the sum of the premium and the strike price of the call, but retains the risk of loss should the price of the underlying security decline. New Fund Risk. The Fund is new with no operating history and there can be no assurance that the Fund will grow to or maintain an economically viable size, in which case the Board of Trustees may determine to liquidate the Fund.    Futures Contracts Risk. The primary risks associated with the use of futures contracts are (a) the imperfect correlation between the change in market value of the instruments held by the Fund and the price of the futures contract; (b) possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired; (c) losses caused by unanticipated market movements, which are potentially unlimited; (d) the Adviser's inability to predict correctly the direction of securities prices, interest rates, currency exchange rates and other economic factors; (e) the possibility that the counterparty will default in the performance of its obligations; and (f) if the Fund has insufficient cash, it may have to sell securities from its portfolio to meet daily variation margin requirements, and the Fund may have to sell securities at a time when it may be disadvantageous to do so.
Risk Lose Money [Text]	rr_RiskLoseMoney	Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time.
Risk Not Insured Depository Institution [Text]	rr_RiskNotInsuredDepositoryInstitution	An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
Bar Chart and Performance Table [Heading]	rr_BarChartAndPerformanceTableHeading	Performance
Performance Narrative [Text Block]	rr_PerformanceNarrativeTextBlock	When the Fund has been in operation for a full calendar year, performance information will be shown here. Until such time, inception-to-date performance information as of the end of most recently completed calendar quarter will be available in the Fund section of the Adviser's website at www.advantuscapital.com or by calling the Fund toll-free at 855-824-1355. Performance information, when available, will provide some indication of 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 certain periods compare with those of a broad measure of market performance.
Performance One Year or Less [Text]	rr_PerformanceOneYearOrLess	When the Fund has been in operation for a full calendar year, performance information will be shown here.
Performance Availability Phone [Text]	rr_PerformanceAvailabilityPhone	855-824-1355
Performance Availability Website Address [Text]	rr_PerformanceAvailabilityWebSiteAddress	www.advantuscapital.com
Advantus Strategic Dividend Income Fund (Prospectus Summary) | Advantus Strategic Dividend Income Fund | Institutional Class Shares
Risk Return [Abstract]	rr_RiskReturnAbstract
Management Fees	rr_ManagementFeesOverAssets	0.75%
Other Expenses	rr_OtherExpensesOverAssets	0.39%	[1]
Acquired Fund Fees and Expenses	rr_AcquiredFundFeesAndExpensesOverAssets	0.01%	[1]
Total Annual Fund Operating Expenses	rr_ExpensesOverAssets	1.15%
Fee Waiver/Expense Reimbursement	rr_FeeWaiverOrReimbursementOverAssets	(0.19%)	[2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement	rr_NetExpensesOverAssets	0.96%	[2]
Fee Waiver or Reimbursement over Assets, Date of Termination	rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination	2014-12-31
Expense Example, with Redemption, 1 Year	rr_ExpenseExampleYear01	98
Expense Example, with Redemption, 3 Years	rr_ExpenseExampleYear03	347

[1] Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year.

[2] Advantus Capital Management, Inc. (the "Adviser" or "Advantus") has contractually agreed to reimburse the Fund for its operating expenses, and may reduce its management fees, in order to ensure that Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, brokerage commissions, interest, taxes and extraordinary expenses) do not exceed 0.95% of the Fund's average daily net assets. Expenses reimbursed and/or fees reduced by the Adviser may be recouped by the Adviser for a period of three fiscal years following the fiscal year during which such reimbursement or reduction was made if such recoupment can be achieved within the foregoing expense limits. The Operating Expense Limitation Agreement will be in effect and cannot be terminated through at least one year from the effective date of this Prospectus, subject thereafter to termination at any time upon 60 days' written notice by either the Trust or the Adviser through December 31, 2014. The Trust's Board of Trustees (the "Board of Trustees") must consent to the termination of the Operating Expense Limitation Agreement by the Adviser after one year from the effective date of this Prospectus, which consent shall not be unreasonably withheld.