Fees and Expenses

Aug. 29, 2025

Villere Balanced Fund

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses of the Fund

Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Balanced Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and expense example below.

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]

Acquired Fund Fees and Expenses (“AFFE”) are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, including money market funds and other mutual funds, closed end funds, business development companies or certain exchange-traded funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table will differ from the “Financial Highlights” section of the Prospectus, which reflects the operating expenses of the Fund and does not include indirect expenses such as AFFE.

Shareholder Fees Caption [Optional Text]

Shareholder Fees(fees paid directly from your investment)

Operating Expenses Caption [Optional Text]

Annual Portfolio Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

This Example is intended to help you compare the cost of investing in the Balanced Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Balanced Fund for the time periods indicated and then redeem (sell) 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 Balanced Fund’s operating expenses remain the same (taking into account the contractual Expense Cap for the first 16 months only).

Expense Example by, Year, Caption [Text]

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Villere Equity Fund

Prospectus [Line Items]

Expense Heading [Optional Text]

Fees and Expenses of the Fund

Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Equity Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the table and expense example below.

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text]

Acquired Fund Fees and Expenses (“AFFE”) are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, including money market funds and other mutual funds, closed end funds, business development companies or certain exchange-traded funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table will differ from the “Financial Highlights” section of the Prospectus, which reflects the operating expenses of the Fund and does not include indirect expenses such as AFFE.

Shareholder Fees Caption [Optional Text]

Shareholder Fees(fees paid directly from your investment)

Expense Example [Heading]

Example

Expense Example Narrative [Text Block]

This Example is intended to help you compare the cost of investing in the Equity Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Equity Fund for the time periods indicated and then redeem (sell) 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 Equity Fund’s operating expenses remain the same (taking into account the contractual Expense Cap for the first 16 months only).

Expense Example by, Year, Caption [Text]

Although your actual costs may be higher or lower, based on these assumptions your costs would be: