XML 67 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Label Element Value
Thompson LargeCap Fund | Thompson LargeCap Fund  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk/Return [Heading] oef_RiskReturnHeading Thompson LargeCap Fund
Objective [Heading] oef_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] oef_ObjectivePrimaryTextBlock

The Thompson LargeCap Fund (the “LargeCap Fund”) seeks a high level of long-term capital appreciation.

Expense Heading [Optional Text] oef_ExpenseHeading Fees and Expenses of the LargeCap Fund
Expense Narrative [Text Block] oef_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the LargeCap Fund.

Shareholder Fees Caption [Optional Text] oef_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Optional Text] oef_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination oef_FeeWaiverOrReimbursementOverAssetsDateOfTermination Mar. 31, 2026
Expense Example [Heading] oef_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] oef_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost 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. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Portfolio Turnover [Heading] oef_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] oef_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 annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 21% of the average value of its portfolio.

Portfolio Turnover, Rate oef_PortfolioTurnoverRate 21.00%
Strategy [Heading] oef_StrategyHeading Investments, Risks, and Performance
Strategy Narrative [Text Block] oef_StrategyNarrativeTextBlock

Principal Investment Strategies of the Fund

 

The LargeCap Fund normally invests at least 80% of its net assets plus any borrowing for investment purposes in a diversified portfolio of equity securities of large-capitalization companies that at the time of purchase fall within the capitalization ranges of companies in the S&P 500 Index, the Fund’s benchmark. Although market capitalizations are constantly changing, as of December 31, 2024, the smallest company in the S&P 500 Index had a market capitalization of $5.8 billion. The Fund’s equity investments included within this 80% may include common stocks, American Depositary Receipts (ADRs), and real estate investment trusts (REITs). Although current income is not its primary objective, the LargeCap Fund anticipates that capital growth will be accompanied by growth through dividend income.

 

We invest in equity securities that possess most of the following characteristics:

 

Leading market positions

High barriers to entry and other competitive or technological advantages

High returns on equity and assets

Good growth prospects

Strong management

Relatively low debt burdens

 

We also generally seek to identify investment opportunities in equity securities of companies that we believe have above-average potential for earnings and dividend growth.

 

To achieve a better risk-adjusted return on its equity investments, the LargeCap Fund invests in a diversified portfolio of companies, including companies from a blend of industries and style classes. We believe that holding a diverse group of stocks will provide competitive returns under different market environments relative to more narrow investment styles. Our flexible approach to equity investing enables us to adapt to changing market trends and conditions and to invest wherever we believe opportunity exists.

Bar Chart and Performance Table [Heading] oef_BarChartAndPerformanceTableHeading Past Performance
Performance Narrative [Text Block] oef_PerformanceNarrativeTextBlock

The bar chart and table below provide some indication of the risks of investing in the LargeCap Fund by showing how the Fund’s total returns before taxes have varied from year to year and how the Fund’s average annual total returns (both before and after taxes) for one, five and ten years compare to a broad measure of market performance. As with all mutual funds, the Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.

Performance Information Illustrates Variability of Returns [Text] oef_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the LargeCap Fund by showing how the Fund’s total returns before taxes have varied from year to year and how the Fund’s average annual total returns (both before and after taxes) for one, five and ten years compare to a broad measure of market performance.
Performance Past Does Not Indicate Future [Text] oef_PerformancePastDoesNotIndicateFuture As with all mutual funds, the Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] oef_BarChartHeading LargeCap Fund Calendar Year Total Returns
Bar Chart Closing [Text Block] oef_BarChartClosingTextBlock

The Fund’s highest/lowest quarterly results during this period were:

 

  Highest: 24.54% (quarter ended 6/30/20)  
  Lowest: -29.91% (quarter ended 3/31/20)  
Highest Quarterly Return, Label [Optional Text] oef_HighestQuarterlyReturnLabel Highest
Highest Quarterly Return, Date oef_BarChartHighestQuarterlyReturnDate Jun. 30, 2020
Highest Quarterly Return oef_BarChartHighestQuarterlyReturn 24.54%
Lowest Quarterly Return, Label [Optional Text] oef_LowestQuarterlyReturnLabel Lowest
Lowest Quarterly Return, Date oef_BarChartLowestQuarterlyReturnDate Mar. 31, 2020
Lowest Quarterly Return oef_BarChartLowestQuarterlyReturn (29.91%)
Performance Table Heading oef_PerformanceTableHeading LargeCap Fund Average Annual Total Returns (for the periods ended December 31, 2024)
Index No Deduction for Fees, Expenses, or Taxes [Text] oef_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses, or taxes)
Performance Table Uses Highest Federal Rate oef_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal marginal income tax rate for 2024 and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred oef_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Table Closing [Text Block] oef_PerformanceTableClosingTextBlock

After-tax returns are calculated using the highest individual federal marginal income tax rate for 2024 and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

 

The S&P 500 Index is a product of S&P Dow Jones Indices LLC and has been licensed for use by Thompson Investment Management, Inc. S&P® and S&P 500® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”). The Thompson IM Funds are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and none of S&P Dow Jones Indices LLC, Dow Jones, S&P nor their respective affiliates makes any representation regarding the advisability of investing in such products.

Thompson LargeCap Fund | Thompson LargeCap Fund | Risk Lose Money [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock Like all investments, an investment in the LargeCap Fund is subject to risks, and you could lose money investing in the Fund.
Thompson LargeCap Fund | Thompson LargeCap Fund | Market Risk [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Market Risk. The value of equity securities in the Fund’s portfolio may decline, resulting in a decline in the Fund’s share price and total return. The equity securities held by the LargeCap Fund fluctuate in value due to changes in the securities markets, general economic conditions and factors that particularly affect the issuers of these stocks and their industries.

Thompson LargeCap Fund | Thompson LargeCap Fund | Large Cap Risk [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Large Cap Risk. Companies having large capitalizations tend to be more mature than smaller-capitalization stocks. As a result, these types of companies may have fewer opportunities to grow relative to the economy as a whole.

Thompson LargeCap Fund | Thompson LargeCap Fund | Active Management Risk [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Active Management Risk. Our selection of securities for the LargeCap Fund may not perform as well as expected when those securities were purchased or as well as the securities markets generally. The selection of securities for the LargeCap Fund may be more or less heavily allocated to some sectors or types of securities than the Fund’s benchmark, which may cause the Fund’s performance and/or risk profile to differ significantly from its benchmark.

Thompson LargeCap Fund | Thompson LargeCap Fund | Style Risk [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Style Risk. From time to time we may prefer a certain investment style, such as a growth style or value style, that may underperform and/or be more volatile than other investment styles or the stock markets generally during these periods.

Thompson LargeCap Fund | Thompson LargeCap Fund | Smaller Cap Risk [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Smaller Cap Risk. Companies having medium and smaller capitalizations are subject to greater price volatility than stocks of large companies and may have lower trading volume and less market liquidity than larger, more-established companies. These companies tend to have smaller revenues, narrower product lines, less management depth and experience, smaller shares of their product or services markets, fewer financial resources and less competitive strength than larger companies.

Thompson LargeCap Fund | Thompson LargeCap Fund | Depositary Receipts Risk [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Depositary Receipts Risk. American Depositary Receipts (“ADRs”) are subject to some extent to the risks associated with directly investing in securities of foreign issuers, including the risk of changes in currency exchange rates, expropriation or nationalization of assets, and the impact of political, diplomatic, or social events. Additionally, some foreign issuers are subject to less stringent and less uniform regulatory, financial reporting, and accounting standards and practices than U.S. issuers.

Thompson LargeCap Fund | Thompson LargeCap Fund | Real Estate Investment Trusts [Member]  
Prospectus [Line Items] oef_ProspectusLineItems  
Risk [Text Block] oef_RiskTextBlock

Real Estate Investment Trusts. Real Estate Investment Trusts (“REITs”) are subject to the risks associated with owning real estate, depend on specialized management skills and may have limited diversification and smaller market capitalizations.

Thompson LargeCap Fund | Thompson LargeCap Fund | Thompson LargeCap Fund  
Prospectus [Line Items] oef_ProspectusLineItems  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) oef_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 0.00%
Maximum Deferred Sales Charge (as a percentage of Offering Price) oef_MaximumDeferredSalesChargeOverOfferingPrice 0.00%
Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) oef_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther 0.00%
Redemption Fee oef_RedemptionFee $ 0
Exchange Fee oef_ExchangeFee 0
Shareholder Fee, Other oef_ShareholderFeeOther $ 15
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.93%
Distribution and Service (12b-1) Fees oef_DistributionAndService12b1FeesOverAssets 0.00%
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.20%
Expenses (as a percentage of Assets) oef_ExpensesOverAssets 1.13%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets (0.14%) [1]
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 0.99%
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 101
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 345
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 609
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 $ 1,362
Thompson LargeCap Fund | S&P 500 Index (reflects no deduction for fees, expenses, or taxes)  
Prospectus [Line Items] oef_ProspectusLineItems  
Average Annual Return, Percent oef_AvgAnnlRtrPct 25.02%
Average Annual Return, Percent oef_AvgAnnlRtrPct 14.53%
Average Annual Return, Percent oef_AvgAnnlRtrPct 13.10%
Thompson LargeCap Fund | Thompson LargeCap Fund  
Prospectus [Line Items] oef_ProspectusLineItems  
Annual Return [Percent] oef_AnnlRtrPct (8.09%)
Annual Return [Percent] oef_AnnlRtrPct 17.95%
Annual Return [Percent] oef_AnnlRtrPct 18.24%
Annual Return [Percent] oef_AnnlRtrPct (12.29%)
Annual Return [Percent] oef_AnnlRtrPct 33.58%
Annual Return [Percent] oef_AnnlRtrPct 15.50%
Annual Return [Percent] oef_AnnlRtrPct 28.05%
Annual Return [Percent] oef_AnnlRtrPct (15.73%)
Annual Return [Percent] oef_AnnlRtrPct 21.92%
Annual Return [Percent] oef_AnnlRtrPct 16.86%
Average Annual Return, Percent oef_AvgAnnlRtrPct 16.86%
Average Annual Return, Percent oef_AvgAnnlRtrPct 12.17%
Average Annual Return, Percent oef_AvgAnnlRtrPct 10.30%
Thompson LargeCap Fund | Thompson LargeCap Fund | After Taxes on Distributions  
Prospectus [Line Items] oef_ProspectusLineItems  
Average Annual Return, Percent oef_AvgAnnlRtrPct 13.90%
Average Annual Return, Percent oef_AvgAnnlRtrPct 10.62%
Average Annual Return, Percent oef_AvgAnnlRtrPct 9.39%
Thompson LargeCap Fund | Thompson LargeCap Fund | After Taxes on Distributions and Sales  
Prospectus [Line Items] oef_ProspectusLineItems  
Average Annual Return, Percent oef_AvgAnnlRtrPct 12.12%
Average Annual Return, Percent oef_AvgAnnlRtrPct 9.57%
Average Annual Return, Percent oef_AvgAnnlRtrPct 8.39%
[1] The Advisor has contractually agreed to waive management fees and/or reimburse expenses incurred by the LargeCap Fund through March 31, 2026, so that the annual operating expenses of the Fund do not exceed 0.99% of its average daily net assets. This waiver/reimbursement may only be terminated by the Advisor with the consent of the Board of Directors of the Funds.