0000894189-13-005353.txt : 20130923 0000894189-13-005353.hdr.sgml : 20130923 20130923165036 ACCESSION NUMBER: 0000894189-13-005353 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130923 DATE AS OF CHANGE: 20130923 EFFECTIVENESS DATE: 20130923 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Portfolio Series CENTRAL INDEX KEY: 0001511699 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-172080 FILM NUMBER: 131110525 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-287-3700 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 0001511699 S000034690 Cove Street Capital Small Cap Value Fund C000106865 Investor Class Shares CSCSX C000106866 Institutional Class Shares CSCAX 497 1 csc_497e-xbrl.htm SUPPLEMENTARY MATERIALS FOR XBRL csc_497e-xbrl.htm

 
MANAGED PORTFOLIO SERIES (the “Trust”)
 
Securities Act Registration No: 333-172080
 
Investment Company Registration No: 811-22525
 
 

 

Managed Portfolio Series
Cove Street Capital Small Cap Value Fund

September 23, 2013

EXPLANATORY NOTE

On behalf of the Cove Street Capital Small Cap Value Fund, a series of Managed Portfolio Series (the “Trust”), and pursuant to Rule 497(e) under the Securities Act of 1933, as amended (the “Securities Act”), the purpose of this filing is to submit an interactive data file in the manner provided by Rule 405 of Regulation S-T and General Instruction C.3.(g) of Form N-1A.  The interactive data file included as an exhibit to this filing relates to the Supplement filed with the Securities and Exchange Commission on behalf of the Trust pursuant to Rule 497(e) under the Securities Act on September 10, 2013; such form of Supplement (Accession Number 0000894189-13-005184) is incorporated by reference into this Rule 497 Document.

EXHIBIT INDEX

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

 

EX-101.INS 2 ck0001511699-20130910.xml INSTANCE DOCUMENT 0001511699 2013-09-10 2013-09-10 0001511699 ck0001511699:S000034690Member 2013-09-10 2013-09-10 0001511699 ck0001511699:S000034690Member ck0001511699:C000106865Member 2013-09-10 2013-09-10 0001511699 ck0001511699:S000034690Member ck0001511699:C000106866Member 2013-09-10 2013-09-10 Managed Portfolio Series 497 false 0001511699 2013-09-10 2013-09-10 2013-09-10 2013-09-10 Cove Street Capital Small Cap Value Fund CSCSX CSCAX <table cellpadding="0" cellspacing="0" id="list-0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="display: inline; font-size: 10pt; font-family: Symbol, serif;">&#183;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All sales charges on purchases are eliminated.&#160;&#160;Therefore, all references to such charges in the Summary Prospectus, Prospectus and Statement of Additional Information are deleted.&#160;&#160;The 2.00% redemption fee imposed on the sale of shares purchased within 60 days is not affected by this elimination of sales charges and continues to be enforced.</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Thank you for your investment. If you have any questions, please call the Fund toll-free at (866) 497-0097.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">This supplement should be retained with your Summary Prospectus, Prospectus and SAI for future reference.</font> </div> <div style="text-indent: 0pt; display: block; margin-left: 0pt; margin-right: 0pt;" align="center"> <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">MANAGED PORTFOLIO SERIES</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CSC Small Cap Value Fund</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(the &#8220;Fund&#8221;)</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Supplement dated September 10, 2013 to:</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Summary Prospectus, Prospectus and Statement of Additional Information (&#8220;SAI&#8221;)</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">dated January 28, 2013</font> <div> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font> </div> <div> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></font> <div> <hr style="COLOR: black" noshade="noshade" size="2" width="100%" /> </div> </div> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective immediately, the Board of Trustees (the &#8220;Board&#8221;) of Managed Portfolio Series (the &#8220;Trust&#8221;) approved the changes set forth below related to the Fund.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="display: inline; font-size: 10pt; font-family: Symbol, serif;">&#183;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The name of the Fund is changed to Cove Street Capital Small Cap Value Fund.&#160;&#160;Therefore, all references to the Fund in the Summary Prospectus, Prospectus and SAI are deleted and replaced with Cove Street Capital Small Cap Value Fund.</font> </div> </td> </tr> </table> EX-101.SCH 3 ck0001511699-20130910.xsd SCHEMA DOCUMENT 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - Cove Street Capital Small Cap Value Fund link:presentationLink link:definitionLink link:calculationLink 020001 - Disclosure - Risk/Return Detail Data {Elements} - Cove Street Capital Small Cap Value Fund link:presentationLink link:definitionLink link:calculationLink EX-101.CAL 4 ck0001511699-20130910_cal.xml CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0001511699-20130910_def.xml DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0001511699-20130910_lab.xml LABEL LINKBASE DOCUMENT EX-101.PRE 7 ck0001511699-20130910_pre.xml PRESENTATION LINKBASE DOCUMENT XML 8 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
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Risk/Return: rr_RiskReturnAbstract  
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display: block; margin-left: 0pt; margin-right: 0pt;" align="center"> <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">MANAGED PORTFOLIO SERIES</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CSC Small Cap Value Fund</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(the &#8220;Fund&#8221;)</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Supplement dated September 10, 2013 to:</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Summary Prospectus, Prospectus and Statement of Additional Information (&#8220;SAI&#8221;)</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">dated January 28, 2013</font> <div> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font> </div> <div> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></font> <div> <hr style="COLOR: black" noshade="noshade" size="2" width="100%" /> </div> </div> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective immediately, the Board of Trustees (the &#8220;Board&#8221;) of Managed Portfolio Series (the &#8220;Trust&#8221;) approved the changes set forth below related to the Fund.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="display: inline; font-size: 10pt; font-family: Symbol, serif;">&#183;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The name of the Fund is changed to Cove Street Capital Small Cap Value Fund.&#160;&#160;Therefore, all references to the Fund in the Summary Prospectus, Prospectus and SAI are deleted and replaced with Cove Street Capital Small Cap Value Fund.</font> </div> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_ExpenseNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalse1falsefalsefalse00<table cellpadding="0" cellspacing="0" id="list-0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="display: inline; font-size: 10pt; font-family: Symbol, serif;">&#183;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All sales charges on purchases are eliminated.&#160;&#160;Therefore, all references to such charges in the Summary Prospectus, Prospectus and Statement of Additional Information are deleted.&#160;&#160;The 2.00% redemption fee imposed on the sale of shares purchased within 60 days is not affected by this elimination of sales charges and continues to be enforced.</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Thank you for your investment. If you have any questions, please call the Fund toll-free at (866) 497-0097.</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">This supplement should be retained with your Summary Prospectus, Prospectus and SAI for future reference.</font> </div>falsefalsefalsenonnum:textBlockItemTypenaThis table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. 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MANAGED PORTFOLIO SERIES

CSC Small Cap Value Fund

(the “Fund”)

Supplement dated September 10, 2013 to:

Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”)

dated January 28, 2013
 
 


Effective immediately, the Board of Trustees (the “Board”) of Managed Portfolio Series (the “Trust”) approved the changes set forth below related to the Fund.

·
The name of the Fund is changed to Cove Street Capital Small Cap Value Fund.  Therefore, all references to the Fund in the Summary Prospectus, Prospectus and SAI are deleted and replaced with Cove Street Capital Small Cap Value Fund.
Risk/Return [Heading] rr_RiskReturnHeading Cove Street Capital Small Cap Value Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
·
All sales charges on purchases are eliminated.  Therefore, all references to such charges in the Summary Prospectus, Prospectus and Statement of Additional Information are deleted.  The 2.00% redemption fee imposed on the sale of shares purchased within 60 days is not affected by this elimination of sales charges and continues to be enforced.

Thank you for your investment. If you have any questions, please call the Fund toll-free at (866) 497-0097.

This supplement should be retained with your Summary Prospectus, Prospectus and SAI for future reference.
XML 16 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Cove Street Capital Small Cap Value Fund
Cove Street Capital Small Cap Value Fund
MANAGED PORTFOLIO SERIES

CSC Small Cap Value Fund

(the “Fund”)

Supplement dated September 10, 2013 to:

Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”)

dated January 28, 2013
 
 


Effective immediately, the Board of Trustees (the “Board”) of Managed Portfolio Series (the “Trust”) approved the changes set forth below related to the Fund.

·
The name of the Fund is changed to Cove Street Capital Small Cap Value Fund.  Therefore, all references to the Fund in the Summary Prospectus, Prospectus and SAI are deleted and replaced with Cove Street Capital Small Cap Value Fund.
·
All sales charges on purchases are eliminated.  Therefore, all references to such charges in the Summary Prospectus, Prospectus and Statement of Additional Information are deleted.  The 2.00% redemption fee imposed on the sale of shares purchased within 60 days is not affected by this elimination of sales charges and continues to be enforced.

Thank you for your investment. If you have any questions, please call the Fund toll-free at (866) 497-0097.

This supplement should be retained with your Summary Prospectus, Prospectus and SAI for future reference.
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margin-left: 0pt; margin-right: 0pt;" align="center"> <font style="display: inline; font-family: Times New Roman; font-size: 10pt; font-weight: bold;">MANAGED PORTFOLIO SERIES</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">CSC Small Cap Value Fund</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">(the &#8220;Fund&#8221;)</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Supplement dated September 10, 2013 to:</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Summary Prospectus, Prospectus and Statement of Additional Information (&#8220;SAI&#8221;)</font> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="center"> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">dated January 28, 2013</font> <div> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font> </div> <div> <font style="FONT-STYLE: italic; DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt"><font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">&#160;</font></font> <div> <hr style="COLOR: black" noshade="noshade" size="2" width="100%" /> </div> </div> </div> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">Effective immediately, the Board of Trustees (the &#8220;Board&#8221;) of Managed Portfolio Series (the &#8220;Trust&#8221;) approved the changes set forth below related to the Fund.</font> </div> <br/><table cellpadding="0" cellspacing="0" id="list" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="display: inline; font-size: 10pt; font-family: Symbol, serif;">&#183;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">The name of the Fund is changed to Cove Street Capital Small Cap Value Fund.&#160;&#160;Therefore, all references to the Fund in the Summary Prospectus, Prospectus and SAI are deleted and replaced with Cove Street Capital Small Cap Value Fund.</font> </div> </td> </tr> </table>falsefalsefalsenonnum:textBlockItemTypenaNo authoritative reference available.No definition available.false04false 4rr_RiskReturnHeadingrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00Cove Street Capital Small Cap Value Fundfalsefalsefalsexbrli:stringItemTypestringRisk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicatedReference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Form -Number N-1A -Chapter A -Section 2 false05false 4rr_ExpenseNarrativeTextBlockrr_falsenadurationfalsefalsefalsefalsefalsefalsefalsefalselabel1falsefalsefalse00<table cellpadding="0" cellspacing="0" id="list-0" width="100%" style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman"> <tr valign="top"> <td style="TEXT-ALIGN: center; WIDTH: 36pt"> <div style="TEXT-ALIGN: center"> <font style="display: inline; font-size: 10pt; font-family: Symbol, serif;">&#183;</font> </div> </td> <td> <div style="TEXT-INDENT: 0pt; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt">All sales charges on purchases are eliminated.&#160;&#160;Therefore, all references to such charges in the Summary Prospectus, Prospectus and Statement of Additional Information are deleted.&#160;&#160;The 2.00% redemption fee imposed on the sale of shares purchased within 60 days is not affected by this elimination of sales charges and continues to be enforced.</font> </div> </td> </tr> </table> <br/><div style="TEXT-INDENT: 0pt; DISPLAY: block; MARGIN-LEFT: 0pt; MARGIN-RIGHT: 0pt" align="justify"> <font style="DISPLAY: inline; FONT-FAMILY: Times New Roman; FONT-SIZE: 10pt; FONT-WEIGHT: bold">Thank you for your investment. 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Document and Entity Information
0 Months Ended
Sep. 10, 2013
Risk/Return:  
Document Type 497
Document Period End Date Sep. 10, 2013
Registrant Name Managed Portfolio Series
Central Index Key 0001511699
Amendment Flag false
Document Creation Date Sep. 10, 2013
Document Effective Date Sep. 10, 2013
Prospectus Date Sep. 10, 2013
Cove Street Capital Small Cap Value Fund | Investor Class Shares
 
Risk/Return:  
Trading Symbol CSCSX
Cove Street Capital Small Cap Value Fund | Institutional Class Shares
 
Risk/Return:  
Trading Symbol CSCAX
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