0000894189-13-000258.txt : 20130122 0000894189-13-000258.hdr.sgml : 20130121 20130118180350 ACCESSION NUMBER: 0000894189-13-000258 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130122 DATE AS OF CHANGE: 20130118 EFFECTIVENESS DATE: 20130122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROFESSIONALLY MANAGED PORTFOLIOS CENTRAL INDEX KEY: 0000811030 IRS NUMBER: 566415270 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-12213 FILM NUMBER: 13538514 BUSINESS ADDRESS: STREET 1: MK-WI-T4 STREET 2: 777 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-5348 MAIL ADDRESS: STREET 1: MK-WI-T4 STREET 2: 777 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: AVONDALE INVESTMENT TRUST DATE OF NAME CHANGE: 19910529 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PROFESSIONALLY MANAGED PORTFOLIOS CENTRAL INDEX KEY: 0000811030 IRS NUMBER: 566415270 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-05037 FILM NUMBER: 13538515 BUSINESS ADDRESS: STREET 1: MK-WI-T4 STREET 2: 777 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-5348 MAIL ADDRESS: STREET 1: MK-WI-T4 STREET 2: 777 EAST WISCONSIN AVENUE CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: AVONDALE INVESTMENT TRUST DATE OF NAME CHANGE: 19910529 0000811030 S000004945 Portfolio 21 Global Equity Fund C000013361 Retail Class PORTX C000042370 Institutional Class PORIX 485BPOS 1 pmp-p21gef_485bxbrl.htm POST EFFECTIVE AMENDMENT pmp-p21gef_485bxbrl.htm

 
Filed with the U.S. Securities and Exchange Commission on January 22, 2013

1933 Act Registration File No.   033-12213
1940 Act File No. 811-05037
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM N-1A
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
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Pre-Effective Amendment No.
   
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Post-Effective Amendment No.
487
 
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and/or
 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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Amendment No.
488
 
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(Check appropriate box or boxes)

PROFESSIONALLY MANAGED PORTFOLIOS
(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:  (626) 914-7363
 
Elaine E. Richards, Esq.
Professionally Managed Portfolios
2020 E. Financial Way, Ste. 100
Glendora, CA 91741
(Name and Address of Agent for Service)
 
Copy to:
Domenick Pugliese, Esq.
Paul Hastings LLP
Park Avenue Tower
75 East 55th Street
New York, NY 10022

It is proposed that this filing will become effective (check appropriate box):
 
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immediately upon filing pursuant to paragraph (b)
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On (date) pursuant to paragraph (b)
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60 days after filing pursuant to paragraph (a)(1)
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on (date) pursuant to paragraph (a)(1)
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75 days after filing pursuant to paragraph (a)(2)
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on (date) pursuant to paragraph (a)(2) of Rule 485.

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

Explanatory Note: This Post-Effective Amendment (“PEA”) No. 487 to the Registration Statement of Professionally Managed Portfolios (the “Trust”) on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 478 on Form N-1A filed on November 21, 2012.  This PEA No. 487 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 478 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 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. 487 to its Registration Statement on Form N-1A to be signed below on its behalf by the undersigned, duly authorized, in the City of Glendora and State of California, on January 22, 2013.

Professionally Managed Portfolios

By: Eric W. Falkeis*                                              
 Eric W. Falkeis
 President


Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 487 to its Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

Signature
Title
Date
     
Steven J. Paggioli*
Trustee
January 22, 2013
Steven J. Paggioli
   
     
Dorothy A. Berry*
Trustee
January 22, 2013
Dorothy A. Berry
   
     
Wallace L. Cook*
Trustee
January 22, 2013
Wallace L. Cook
   
     
Carl A. Froebel*
Trustee
January 22, 2013
Carl A. Froebel
   
     
Eric W. Falkeis*
President and Trustee
January 22, 2013
Eric W. Falkeis
   
     
Patrick J. Rudnick*
Treasurer and
January 22, 2013
Patrick J. Rudnick
Principal Financial and Accounting Officer
 
     
*By: /s/ Elaine E. Richards
 
January 22, 2013
       Elaine E. Richards, 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




EX-101.INS 2 ck0000811030-20120630.xml INSTANCE DOCUMENT 485BPOS 2012-06-30 0000811030 2013-01-20 PROFESSIONALLY MANAGED PORTFOLIOS false 2012-11-21 2013-01-20 <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />annual portfolio operating expenses or in the example, affect the Fund's<br />performance. During the most recent fiscal year, the Fund's turnover rate was<br />28% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.portfolio21.com/role/ExpenseExample_S000004945Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.portfolio21.com/role/BarChartData_S000004945Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The Portfolio 21 Global Equity Fund (the "Fund") seeks long-term capital growth.</tt> <tt>This Example is intended to help you compare the costs of investing in the Fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the Fund for the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the Fund's operating expenses<br />remain the same (taking into account the contractual Expense Caps only in the<br />first year).</tt> reflects no deduction for fees, expenses or taxes <tt>The Fund invests primarily in common stocks of companies that the Advisor<br />believes are leaders in managing environmental risks and opportunities, <br />have above average growth potential, and are reasonably valued. Under normal <br />market conditions, at least 80% of the Fund's net assets (plus any borrowings <br />for investment purposes) will be invested in equity securities. The Fund <br />invests globally and has exposure to emerging and developed markets. The Fund <br />may invest in companies of any size, and seeks diversification by country and <br />economic sector.<br /> <br />The Fund generally will invest at least 40% of its net assets in foreign<br />companies. Foreign companies are those that either maintain their principal<br />place of business outside of the United States, have their securities traded <br />on non-U.S. exchanges or were formed under the laws of non-U.S. countries. <br />Foreign companies may include companies doing business in the United States <br />but meet the general criteria of a foreign company described above. The Fund <br />will invest in at least three different countries outside of the United States.<br /> <br />The Fund's foreign holdings may include companies domiciled in emerging markets<br />as well as companies domiciled in developed markets. There is no limit to the<br />percent of the Fund's foreign holdings that may be invested in either emerging<br />or developed markets and therefore the Fund may be invested entirely in companies <br />from emerging markets.<br /> <br />A security will be sold within a reasonable period of time if the company no<br />longer meets the Advisor's environmental evaluation criteria or if the company<br />no longer meets the Advisor's minimum financial standards.</tt> SUMMARY SECTION Example After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Investment Objective The Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. There is a risk that you could lose all or a portion of your investment in the Fund. Principal Investment Risks Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions, your costs would be: The "Return After Taxes on Distributions and Sale of Fund Shares" may be higher than the return figures because when a capital loss occurs upon redemption of fund shares, a tax deduction is provided that benefits the investor. 0.28 Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or Individual Retirement Accounts ("IRAs"). Calendar Year Total Return Class R Performance <tt>Class I shares of the Fund commenced operations on March 30, 2007. Performance shown <br />for Class I shares for periods prior to its inception reflects the performance of <br />Class R shares, adjusted to reflect Class I expenses.<br /> <br />After-tax returns are calculated using the historical highest individual federal<br />marginal income tax rates and do not reflect the impact of state and local taxes. <br />Actual after-tax returns depend on your situation and may differ from those shown. <br />Furthermore, the after-tax returns shown are not relevant to those who hold their <br />shares through tax-deferred arrangements such as 401(k) plans or Individual <br />Retirement Accounts ("IRAs"). The "Return After Taxes on Distributions and Sale <br />of Fund Shares" may be higher than the return figures because when a capital loss <br />occurs upon redemption of fund shares, a tax deduction is provided that benefits <br />the investor.</tt> The following performance information provides some indication of the risks of investing in the Fund. The bar chart below illustrates how the Fund's Class R shares total returns have varied from year to year. The table below illustrates how the Fund's average annual total returns for 1, 5, and 10-year periods compare with that of a broad-based securities index and an additional index provided to offer a broader market perspective. <tt>During the period shown in the bar chart, the Fund's Class R shares' highest<br />quarterly return was 20.42% for the quarter ended June 30, 2009, and the <br />lowest quarterly return was -20.69% for the quarter ended September 30, 2002.</tt> Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Average Annual Total Returns as of December 31, 2012 Portfolio Turnover <tt>There is a risk that you could lose all or a portion of your investment in the<br />Fund. The following principal risks can affect the value of your investment: <br /><br />&#xB7;&#xA0;&#xA0;Equity Risk - Common stocks are susceptible to general stock market&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;fluctuations and to volatile increases and decreases in value. <br /><br />&#xB7;&#xA0;&#xA0;General Market Risk: The market price of a security may fluctuate, sometimes&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;rapidly and unpredictably. These fluctuations may cause a security to be worth<br />&#xA0;&#xA0;&#xA0;less than its cost when originally purchased or less than it was worth at an&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;earlier time. <br /><br />&#xB7;&#xA0;&#xA0;Small- and Medium-Sized Company Risk: Investing in securities of small- and&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;medium-sized companies, even indirectly, may involve greater volatility than&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;investing in larger and more established companies. <br /><br />&#xB7;&#xA0;&#xA0;Management Risk: The Advisor may fail to implement the Fund's investment&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;strategies and meet its investment objective. <br /><br />&#xB7;&#xA0;&#xA0;Foreign Securities and Emerging Markets Risk: Foreign securities involve&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;increased risks due to political, social and economic developments abroad, <br />&#xA0;&#xA0;&#xA0;as well as due to differences between U.S. and foreign regulatory practices. <br />&#xA0;&#xA0;&#xA0;These risks are enhanced in emerging markets. <br /><br />&#xB7;&#xA0;&#xA0;Environmental Policy Risk: The Fund's environmental sustainability policy&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;could cause it to underperform compared to similar funds that do not have <br />&#xA0;&#xA0;&#xA0;such a policy. Accordingly, the Fund may forego opportunities to buy certain&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;securities when it might otherwise be advantageous to do so, or may sell&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br />&#xA0;&#xA0;&#xA0;securities for environmental reasons when it might be otherwise disadvantageous <br />&#xA0;&#xA0;&#xA0;for it to do so.</tt> Fees and Expenses of the Fund Actual after-tax returns depend on your situation and may differ from those shown. Principal Investment Strategies www.portfolio21.com <tt>The following performance information provides some indication of the risks of<br />investing in the Fund. The bar chart below illustrates how the Fund's Class R<br />shares total returns have varied from year to year. The table below illustrates<br />how the Fund's average annual total returns for 1, 5, and 10-year periods<br />compare with that of a broad-based securities index and an additional index<br />provided to offer a broader market perspective. The Fund's past performance,<br />before and after taxes, is not necessarily an indication of how the Fund will<br />perform in the future. Updated performance information is available on the<br />Fund's website at www.portfolio21.com.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the Fund.</tt> <div style="display:none">~ http://www.portfolio21.com/role/OperatingExpensesData_S000004945Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.portfolio21.com/role/PerformanceTableData_S000004945Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <div style="display:none">~ http://www.portfolio21.com/role/ShareholderFeesData_S000004945Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> S&P 500® Index (reflects no deduction for fees, expenses or taxes) MCSI World Index NR (reflects no deduction for fees and expenses) MSCI World IndexSM (reflects no deduction for fees, expenses or taxes) Return After Taxes on Distributions and Sale of Fund Shares Return After Taxes on Distributions PORIX Return Before Taxes 119 372 1420 -0.0200 644 0.0022 0.0095 2014-10-31 0.0000 0.0117 PORTX lowest quarterly return highest quarterly return 2012-09-30 Return Before Taxes 150 2009-06-30 465 -0.2069 0.1587 0.0930 1757 -0.0200 803 0.1041 0.2042 0.0027 -0.3552 0.0095 2014-10-31 2002-09-30 0.3115 0.0601 year-to-date return -0.0804 0.3218 0.0025 0.0147 0.2438 0.0989 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberck0000811030:C000013361Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberck0000811030:C000042370Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberrr:AfterTaxesOnDistributionsMemberck0000811030:C000013361Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberrr:AfterTaxesOnDistributionsAndSalesMemberck0000811030:C000013361Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberck0000811030:RRINDEX00001Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberck0000811030:RRINDEX00002Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Memberck0000811030:RRINDEX00003Member 2013-01-20 2013-01-20 0000811030 ck0000811030:SummaryS000004945Memberck0000811030:S000004945Member 2013-01-20 2013-01-20 0000811030 2013-01-20 2013-01-20 pure iso4217:USD Portfolio 21 (the "Advisor") has contractually agreed to reduce its fees and/or pay the Fund's expenses (excluding acquired fund fees and expenses, interest expense in connection with investment activities, taxes and extraordinary expenses) in order to limit Total Annual Portfolio Operating Expenses for Class R shares and Class I shares of the Fund to 1.50% and 1.20%, respectively, of each class' average net assets (the "Expense Caps"). The Expense Caps will remain in effect until at least October 31, 2014. The Agreement may be terminated at any time by the Board upon 60 days' written notice to the Advisor, or by the Advisor with the consent of the Board. The Advisor may request recoupment for management fee waivers and/or Fund expense payments made in the prior three fiscal years. Effective immediately, the Fund is adding the MCSI World Index NR as a supplemental index. Effective immediately, due to the global nature of the Fund's investments, the Fund will no longer use the S&P 500® Index as a benchmark for its returns. The Fund's year-to-date return for Class R shares as of September 30, 2012 was 9.89%. 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Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Jan. 20, 2013
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading SUMMARY SECTION
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The Portfolio 21 Global Equity Fund (the "Fund") seeks long-term capital growth.
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)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Portfolio 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
annual portfolio operating expenses or in the example, affect the Fund's
performance. During the most recent fiscal year, the Fund's turnover rate was
28% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 28.00%
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 contractual Expense Caps only in the
first 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 The Fund invests primarily in common stocks of companies that the Advisor
believes are leaders in managing environmental risks and opportunities,
have above average growth potential, and are reasonably valued. Under normal
market conditions, at least 80% of the Fund's net assets (plus any borrowings
for investment purposes) will be invested in equity securities. The Fund
invests globally and has exposure to emerging and developed markets. The Fund
may invest in companies of any size, and seeks diversification by country and
economic sector.

The Fund generally will invest at least 40% of its net assets in foreign
companies. Foreign companies are those that either maintain their principal
place of business outside of the United States, have their securities traded
on non-U.S. exchanges or were formed under the laws of non-U.S. countries.
Foreign companies may include companies doing business in the United States
but meet the general criteria of a foreign company described above. The Fund
will invest in at least three different countries outside of the United States.

The Fund's foreign holdings may include companies domiciled in emerging markets
as well as companies domiciled in developed markets. There is no limit to the
percent of the Fund's foreign holdings that may be invested in either emerging
or developed markets and therefore the Fund may be invested entirely in companies
from emerging markets.

A security will be sold within a reasonable period of time if the company no
longer meets the Advisor's environmental evaluation criteria or if the company
no longer meets the Advisor's minimum financial standards.
Risk [Heading] rr_RiskHeading Principal Investment Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock There is a risk that you could lose all or a portion of your investment in the
Fund. The following principal risks can affect the value of your investment:

·  Equity Risk - Common stocks are susceptible to general stock market           
   fluctuations and to volatile increases and decreases in value.

·  General Market Risk: The market price of a security may fluctuate, sometimes  
   rapidly and unpredictably. These fluctuations may cause a security to be worth
   less than its cost when originally purchased or less than it was worth at an  
   earlier time.

·  Small- and Medium-Sized Company Risk: Investing in securities of small- and   
   medium-sized companies, even indirectly, may involve greater volatility than  
   investing in larger and more established companies.

·  Management Risk: The Advisor may fail to implement the Fund's investment      
   strategies and meet its investment objective.

·  Foreign Securities and Emerging Markets Risk: Foreign securities involve      
   increased risks due to political, social and economic developments abroad,
   as well as due to differences between U.S. and foreign regulatory practices.
   These risks are enhanced in emerging markets.

·  Environmental Policy Risk: The Fund's environmental sustainability policy     
   could cause it to underperform compared to similar funds that do not have
   such a policy. Accordingly, the Fund may forego opportunities to buy certain       
   securities when it might otherwise be advantageous to do so, or may sell      
   securities for environmental reasons when it might be otherwise disadvantageous
   for it to do so.
Risk Lose Money [Text] rr_RiskLoseMoney There is a risk that you could lose all or a portion of your investment in the Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The following performance information provides some indication of the risks of
investing in the Fund. The bar chart below illustrates how the Fund's Class R
shares total returns have varied from year to year. The table below illustrates
how the Fund's average annual total returns for 1, 5, and 10-year periods
compare with that of a broad-based securities index and an additional index
provided to offer a broader market perspective. The Fund's past performance,
before and after taxes, is not necessarily an indication of how the Fund will
perform in the future. Updated performance information is available on the
Fund's website at www.portfolio21.com.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following performance information provides some indication of the risks of investing in the Fund. The bar chart below illustrates how the Fund's Class R shares total returns have varied from year to year. The table below illustrates how the Fund's average annual total returns for 1, 5, and 10-year periods compare with that of a broad-based securities index and an additional index provided to offer a broader market perspective.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.portfolio21.com
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Calendar Year Total Return Class R [1]
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock During the period shown in the bar chart, the Fund's Class R shares' highest
quarterly return was 20.42% for the quarter ended June 30, 2009, and the
lowest quarterly return was -20.69% for the quarter ended September 30, 2002.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes reflects no deduction for fees, expenses or taxes
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Furthermore, the after-tax returns shown are not relevant to those who hold their shares through tax-deferred arrangements such as 401(k) plans or Individual Retirement Accounts ("IRAs").
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown Actual after-tax returns depend on your situation and may differ from those shown.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher The "Return After Taxes on Distributions and Sale of Fund Shares" may be higher than the return figures because when a capital loss occurs upon redemption of fund shares, a tax deduction is provided that benefits the investor.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock Class I shares of the Fund commenced operations on March 30, 2007. Performance shown
for Class I shares for periods prior to its inception reflects the performance of
Class R shares, adjusted to reflect Class I expenses.

After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on your situation and may differ from those shown.
Furthermore, the after-tax returns shown are not relevant to those who hold their
shares through tax-deferred arrangements such as 401(k) plans or Individual
Retirement Accounts ("IRAs"). The "Return After Taxes on Distributions and Sale
of Fund Shares" may be higher than the return figures because when a capital loss
occurs upon redemption of fund shares, a tax deduction is provided that benefits
the investor.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns as of December 31, 2012
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | MSCI World IndexSM
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel MSCI World IndexSM (reflects no deduction for fees, expenses or taxes)
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | MCSI World Index NR
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel MCSI World Index NR (reflects no deduction for fees and expenses) [2]
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | S&P 500® Index
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index (reflects no deduction for fees, expenses or taxes) [3]
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | Class R
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Redemption Fee (as a percentage of amount redeemed within 60 days of purchase) rr_RedemptionFeeOverRedemption (2.00%)
Management Fee rr_ManagementFeesOverAssets 0.95%
Distribution and Service (12b-1) Fee rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.27%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.47% [4]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-10-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 150
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 465
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 803
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,757
Annual Return 2003 rr_AnnualReturn2003 32.18%
Annual Return 2004 rr_AnnualReturn2004 15.87%
Annual Return 2005 rr_AnnualReturn2005 6.01%
Annual Return 2006 rr_AnnualReturn2006 24.38%
Annual Return 2007 rr_AnnualReturn2007 10.41%
Annual Return 2008 rr_AnnualReturn2008 (35.52%)
Annual Return 2009 rr_AnnualReturn2009 31.15%
Annual Return 2010 rr_AnnualReturn2010 9.30%
Annual Return 2011 rr_AnnualReturn2011 (8.04%)
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 9.89%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest quarterly return
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 20.42%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest quarterly return
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2002
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.69%)
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | Class R | After Taxes on Distributions
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | Class R | After Taxes on Distributions and Sales
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | Class I
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Redemption Fee (as a percentage of amount redeemed within 60 days of purchase) rr_RedemptionFeeOverRedemption (2.00%)
Management Fee rr_ManagementFeesOverAssets 0.95%
Distribution and Service (12b-1) Fee rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.22%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17% [4]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-10-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 119
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 372
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 644
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,420
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01   
5 Years rr_AverageAnnualReturnYear05   
10 Years rr_AverageAnnualReturnYear10   
[1] The Fund's year-to-date return for Class R shares as of September 30, 2012 was 9.89%.
[2] Effective immediately, the Fund is adding the MCSI World Index NR as a supplemental index.
[3] Effective immediately, due to the global nature of the Fund's investments, the Fund will no longer use the S&P 500® Index as a benchmark for its returns.
[4] Portfolio 21 (the "Advisor") has contractually agreed to reduce its fees and/or pay the Fund's expenses (excluding acquired fund fees and expenses, interest expense in connection with investment activities, taxes and extraordinary expenses) in order to limit Total Annual Portfolio Operating Expenses for Class R shares and Class I shares of the Fund to 1.50% and 1.20%, respectively, of each class' average net assets (the "Expense Caps"). The Expense Caps will remain in effect until at least October 31, 2014. The Agreement may be terminated at any time by the Board upon 60 days' written notice to the Advisor, or by the Advisor with the consent of the Board. The Advisor may request recoupment for management fee waivers and/or Fund expense payments made in the prior three fiscal years.
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Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund
SUMMARY SECTION
Investment Objective
The Portfolio 21 Global Equity Fund (the "Fund") seeks long-term capital growth.
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)
Shareholder Fees Portfolio 21 Global Equity Fund
Class R
Class I
Redemption Fee (as a percentage of amount redeemed within 60 days of purchase) 2.00% 2.00%
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses Portfolio 21 Global Equity Fund
Class R
Class I
Management Fee 0.95% 0.95%
Distribution and Service (12b-1) Fee 0.25% none
Other Expenses 0.27% 0.22%
Total Annual Fund Operating Expenses [1] 1.47% 1.17%
[1] Portfolio 21 (the "Advisor") has contractually agreed to reduce its fees and/or pay the Fund's expenses (excluding acquired fund fees and expenses, interest expense in connection with investment activities, taxes and extraordinary expenses) in order to limit Total Annual Portfolio Operating Expenses for Class R shares and Class I shares of the Fund to 1.50% and 1.20%, respectively, of each class' average net assets (the "Expense Caps"). The Expense Caps will remain in effect until at least October 31, 2014. The Agreement may be terminated at any time by the Board upon 60 days' written notice to the Advisor, or by the Advisor with the consent of the Board. The Advisor may request recoupment for management fee waivers and/or Fund expense payments made in the prior three fiscal years.
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 contractual Expense Caps only in the
first year).
Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
Expense Example Portfolio 21 Global Equity Fund (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Class R
150 465 803 1,757
Class I
119 372 644 1,420
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
annual portfolio operating expenses or in the example, affect the Fund's
performance. During the most recent fiscal year, the Fund's turnover rate was
28% of the average value of its portfolio.
Principal Investment Strategies
The Fund invests primarily in common stocks of companies that the Advisor
believes are leaders in managing environmental risks and opportunities,
have above average growth potential, and are reasonably valued. Under normal
market conditions, at least 80% of the Fund's net assets (plus any borrowings
for investment purposes) will be invested in equity securities. The Fund
invests globally and has exposure to emerging and developed markets. The Fund
may invest in companies of any size, and seeks diversification by country and
economic sector.

The Fund generally will invest at least 40% of its net assets in foreign
companies. Foreign companies are those that either maintain their principal
place of business outside of the United States, have their securities traded
on non-U.S. exchanges or were formed under the laws of non-U.S. countries.
Foreign companies may include companies doing business in the United States
but meet the general criteria of a foreign company described above. The Fund
will invest in at least three different countries outside of the United States.

The Fund's foreign holdings may include companies domiciled in emerging markets
as well as companies domiciled in developed markets. There is no limit to the
percent of the Fund's foreign holdings that may be invested in either emerging
or developed markets and therefore the Fund may be invested entirely in companies
from emerging markets.

A security will be sold within a reasonable period of time if the company no
longer meets the Advisor's environmental evaluation criteria or if the company
no longer meets the Advisor's minimum financial standards.
Principal Investment Risks
There is a risk that you could lose all or a portion of your investment in the
Fund. The following principal risks can affect the value of your investment:

·  Equity Risk - Common stocks are susceptible to general stock market           
   fluctuations and to volatile increases and decreases in value.

·  General Market Risk: The market price of a security may fluctuate, sometimes  
   rapidly and unpredictably. These fluctuations may cause a security to be worth
   less than its cost when originally purchased or less than it was worth at an  
   earlier time.

·  Small- and Medium-Sized Company Risk: Investing in securities of small- and   
   medium-sized companies, even indirectly, may involve greater volatility than  
   investing in larger and more established companies.

·  Management Risk: The Advisor may fail to implement the Fund's investment      
   strategies and meet its investment objective.

·  Foreign Securities and Emerging Markets Risk: Foreign securities involve      
   increased risks due to political, social and economic developments abroad,
   as well as due to differences between U.S. and foreign regulatory practices.
   These risks are enhanced in emerging markets.

·  Environmental Policy Risk: The Fund's environmental sustainability policy     
   could cause it to underperform compared to similar funds that do not have
   such a policy. Accordingly, the Fund may forego opportunities to buy certain       
   securities when it might otherwise be advantageous to do so, or may sell      
   securities for environmental reasons when it might be otherwise disadvantageous
   for it to do so.
Performance
The following performance information provides some indication of the risks of
investing in the Fund. The bar chart below illustrates how the Fund's Class R
shares total returns have varied from year to year. The table below illustrates
how the Fund's average annual total returns for 1, 5, and 10-year periods
compare with that of a broad-based securities index and an additional index
provided to offer a broader market perspective. The Fund's past performance,
before and after taxes, is not necessarily an indication of how the Fund will
perform in the future. Updated performance information is available on the
Fund's website at www.portfolio21.com.
Calendar Year Total Return Class R [1]
Bar Chart
During the period shown in the bar chart, the Fund's Class R shares' highest
quarterly return was 20.42% for the quarter ended June 30, 2009, and the
lowest quarterly return was -20.69% for the quarter ended September 30, 2002.
Average Annual Total Returns as of December 31, 2012
Average Annual Total Returns Portfolio 21 Global Equity Fund
Label
1 Year
5 Years
10 Years
Class R
Return Before Taxes         
Class R After Taxes on Distributions
Return After Taxes on Distributions         
Class R After Taxes on Distributions and Sales
Return After Taxes on Distributions and Sale of Fund Shares         
Class I
Return Before Taxes         
MSCI World IndexSM
MSCI World IndexSM (reflects no deduction for fees, expenses or taxes)         
MCSI World Index NR
MCSI World Index NR (reflects no deduction for fees and expenses) [1]         
S&P 500® Index
S&P 500® Index (reflects no deduction for fees, expenses or taxes) [2]         
[1] Effective immediately, the Fund is adding the MCSI World Index NR as a supplemental index.
[2] Effective immediately, due to the global nature of the Fund's investments, the Fund will no longer use the S&P 500® Index as a benchmark for its returns.
Class I shares of the Fund commenced operations on March 30, 2007. Performance shown
for Class I shares for periods prior to its inception reflects the performance of
Class R shares, adjusted to reflect Class I expenses.

After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local taxes.
Actual after-tax returns depend on your situation and may differ from those shown.
Furthermore, the after-tax returns shown are not relevant to those who hold their
shares through tax-deferred arrangements such as 401(k) plans or Individual
Retirement Accounts ("IRAs"). The "Return After Taxes on Distributions and Sale
of Fund Shares" may be higher than the return figures because when a capital loss
occurs upon redemption of fund shares, a tax deduction is provided that benefits
the investor.
[1] The Fund's year-to-date return for Class R shares as of September 30, 2012 was 9.89%.
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Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Jun. 30, 2012
Registrant Name dei_EntityRegistrantName PROFESSIONALLY MANAGED PORTFOLIOS
Central Index Key dei_EntityCentralIndexKey 0000811030
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Document Creation Date dei_DocumentCreationDate Nov. 21, 2012
Document Effective Date dei_DocumentEffectiveDate Jan. 20, 2013
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | Class R
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PORTX
Portfolio 21 Global Equity Fund (Prospectus Summary) | Portfolio 21 Global Equity Fund | Class I
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PORIX
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