-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lf6vfBfnrRxD+mwWKGyhXUc9G5TiXWiyNWpb8Ihb4w9xl3/CBLpyJ5p0iGpVz9MR 1e/fsWetfXXdbR2+S5eL6g== 0000894189-08-001891.txt : 20080623 0000894189-08-001891.hdr.sgml : 20080623 20080623160626 ACCESSION NUMBER: 0000894189-08-001891 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20080623 DATE AS OF CHANGE: 20080623 EFFECTIVENESS DATE: 20080623 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: 08912220 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: 1933 Act SEC FILE NUMBER: 033-12213 FILM NUMBER: 08912221 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 S000004928 Stephens Small Cap Growth Fund C000013343 Class A Shares STSGX C000062083 Class C Shares STGCX 0000811030 S000004929 Stephens Mid Cap Growth Fund C000013344 Class A Shares STMGX C000062084 Class C Shares SFMCX 485BPOS 1 stephensclassac_485bxbrl.htm POST EFFECTIVE AMENDMENT PEA 314 FOR XBRL stephensclassac_485bxbrl.htm
Filed with the Securities and Exchange Commission on June 16, 2008

1933 Act Registration File No.   33-12213
1940 Act File No. 811-05037
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.
314
  
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and/or
 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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Amendment No.
315
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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:  (414) 765-5348
 
Robert M. Slotky
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, Janofsky & Walker 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 June 16, 2008 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.
 
It is proposed that this filing become effective on June 16, 2008 pursuant to paragraph (B) of Rule 485.
 
 
 
 
 
 
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. 314 to its Registration Statement meets all the requirements for effectiveness pursuant to Rule 485(b) of the Securities Act of 1933, as amended, and the Registrant has duly caused this Post-Effective Amendment No. 314 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the in the City of Milwaukee and State of Wisconsin, on June 16, 2008.

Professionally Managed Portfolios

By: Robert M. Slotky*
Robert M. Slotky
President


Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 314 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
June 16, 2008
Steven J. Paggioli
      
       
Dorothy A. Berry*
  
Trustee
June 16, 2008
Dorothy A. Berry
      
       
Wallace L. Cook*
  
Trustee
June 16, 2008
Wallace L. Cook
      
       
Carl A. Froebel*
  
Trustee
June 16, 2008
Carl A. Froebel
      
       
Robert M. Slotky*
  
President
June 16, 2008
Robert M. Slotky
      
       
/s/ Eric W. Falkeis
  
Treasurer and Principal
June 16, 2008
Eric W. Falkeis
  
Financial and Accounting Officer
  
       
*By: /s/ Eric W. Falkeis
    
June 16, 2008
Eric W. Falkeis Attorney-In Fact pursuant to Power of Attorney
      
 
 
 
 
 

 
Users of this data are advised pursuant to the rules and regulations governing the filing of voluntary XBRL disclosure that the following XBRL documents are not the official publicly filed disclosure of Professionally Managed Portfolios. The purpose of submitting these XBRL formatted documents is to test the related format and technology and, as a result, investors should continue to rely on the official version of the furnished documents and not rely on this information in making investment decisions.
 
 

 
Exhibit
Exhibit No.
   
XBRL – Instance Document
EX-100 INS
XBRL – Schema Document
EX-100-SCH
XBRL – Label Linkbase Document
EX-100 LAB
XBRL – Definition Linkbase Document
EX-100 DEF




 
EX-100.INS 2 r-06232008.xml XBRL INSTANCE DOCUMENT 0000811030ici:Registrant_item2008-06-230000811030filer:S0000049282008-06-230000811030filer:S0000049292008-06-230000811030filer:C0000133432008-06-230000811030filer:C0000620832008-06-230000811030filer:C0000133442008-06-230000811030filer:C0000620842008-06-230000811030filer:AllInstruments2008-06-230000811030filer:group_C000013343C0000620832008-06-230000811030filer:group_C000013344C0000620842008-06-23pureiso4217:USDStephens Small Cap Growth FundWhat is the Investment Objective of the Fund?The Fund's investment objective is long-term growth of capital.What are the Fund's Principal Investment Strategies?Under normal market conditions, the Small Cap Growth Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of small capitalization companies.Most of the assets of the Fund will be invested in U.S. common stocks the Advisor believes have clear indicators of future earnings growth, or that demonstrate other potential for growth of capita l. The Fund may invest in equity securities, including convertible and preferred stock, as well as exchange-traded funds. The Fund may also invest in equity index futures, investment grade, non-convertible debt securities, U.S. government securities, high quality money market instruments and money market funds. In addition, the Fund may invest up to 25% of its net assets in the securities of foreign issuers, including American Depositary Receipts ("ADRs") and European Depositary Receipts ("EDRs"). In selecting companies for the Fund, the Advisor employs quantitative analysis and fundamental research with a focus on earnings growth.What are the Principal Risks of Investing in the Fund?There is the risk that you could lose money on your investment in the Fund. The following risks could affect the value of your investment:? The stock market declines or stocks in the Fund's portfolio may not increase their earnings at the rate anticipated;? Growth stocks fall out of favor with investors;? Securities of smaller size companies involve greater risk than investing in larger more established companies; and/or? Foreign securities involve additional risks, including currency-rate fluctuations, political and economic instability, differences in financial reporting standards, less-strict regulation of securities markets and less liquidity and more volatility than domestic markets, which may result in delays in settling securities transactions.Who may want to Invest in the Fund?The Fund may be appropriate for investors who:? Are pursuing a long-term goal such as retirement;? Want to add an equity investment with growth potential to their investment portfolio; and? Understand and can bear the risks of investing in smaller size companies.The Fund may not be appropriate for investors who:? Need regular income;? Are pursuing a short-term goal; or? Are unable to bear the volatility and risks inherent in investing in small capitalization stocks.PerformanceThe following performance information indicates some of the risks of investing in the Small Cap Growth Fund. The information below also illustrates how the Small Cap Growth Fund's performance has varied over the last two years and the risks of investing in the Small Cap Growth Fund by showing its highest and lowest quarterly returns. The table below illustrates the Small Cap Growth Fund's Class A Shares total return over time compar ed with broad-based securities indices. The Fund's past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.Stephens Small Cap Growth Fund - Class A Shares*Calendar Year Total Return20060.070120070.1423*Calendar Year Total Returns in the bar chart do not reflect sales charges. If sales charges were included, returns would be lower.highest quarterly return0.1352006-03-31lowest quarterly return-0.07072006-06-30Average Annual Total Returns as of December 31, 20071 YearSince InceptionClass A Shares(1)Return Before Taxes0.08270.0655Return After Taxes on Distributions(2)0.08270.0655Return After Taxes on Distributions and Sale of Fund Shares(2)(3)0.05380.056Class C Shares(1)Return Before Taxes0.07520.058S&P 500? Index(4)0.05490.0947Russell 2000? Growth Index(5)0.07050.0865(1)Average Annual Total Returns reflect applicable sales charges. Class A Shares commenced operations on December 1, 2005. Class C Shares commenced operations on March 28, 2008. Performance shown prior to the inception of the Class C Shares reflects the performance of the Class A Shares, adjusted to reflect the higher Class C sales charges and expenses.(2)After tax returns are calculated using the historical highest individual federal marginal income tax rates and does not reflect the impact of state and local taxes. Actual after-tax returns depend on your situ ation 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").(3)The "Return After Taxes on Distributions and Sale of Fund Shares" may be higher for certain figures because when a capital loss occurs upon the redemption of Fund shares, a tax deduction is provided that benefits the in vestor.(4)The Standard & Poor's 500 ("S&P 500?") Index is an unmanaged index generally representative of the market for the stocks of large-sized U.S. companies. The figures above reflect all dividends reinvested, but do not reflect any deductions for fees, expenses or taxes. An investor cannot invest directly in an index.(5)The Russell 2000? Growth Index measures the p erformance of those Russell 2000? companies with higher price-to-book ratios and higher forecasted growth values, which includes the 2,000 smallest companies by market capitalization within the Russell 3000? Index. The figures above reflect all dividends reinvested but do not reflect any deductions for fees, expenses, or taxes. An investor cannot invest directly in an index.Fees and ExpensesAs an investor, you pay certain fees and expenses if you buy and hold shares of the Fund. The fees and expenses are described in the tables below and are further explained in the example that follows.Shareholder Fees(1)(fees paid directly from your investment)Class A SharesClass C SharesMaximum sales charge (load) imposed on purchases (as a percentage of offering price)0.05250.0000Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is less)0.0000(2)0.0100(3)Redemption Fee(4)-0.0200-0.0200Annual Fund Operating Expenses(expenses that are deducted from Fund assets)Management Fees0.00750.0075Distribution (12b-1) Fees0.00250.0100Other Expenses(5)0.00680.0068Total Annual Fund Operating Expenses0.01680.0243Less: Expense Reimbursement or Reduction-0.0018-0.0018Net Annual Fund Operating Expenses(6)0.01500.0225ExampleThis 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. The example also assumes that your investment has a 5% return each year, that dividends and distributions are reinvested, and that the Fund's operating expenses remain the same. The example reflects the expense limitation agreement for the first year only within each of the years shown below. Although your actual costs may be higher or lower, based on these assumptions your costs would be:You would pay the following expenses if you redeemed your shares at the end of the period:One YearThree YearsFive YearsTen YearsClass A Shares670101013742393One YearThree YearsFive YearsTen YearsClass C Shares328 74012792753You would pay the following expenses if you did not redeem your shares at the end of the period:< ici:ExpenseExample>One YearThree YearsFive YearsTen YearsClass C Shares< ici:ExpenseExampleYear01_num contextRef="C0000811030_C000062083" unitRef="usd" decimals="0">22874012792753(1)You will be assessed fees for outgoing wire transfers, returned checks and stop payment orders at prevailing rates charged by U.S. Bancorp Fund Services, LLC, the Fund's transfer agent.(2)A contingent deferred sales charge of 0.50% will be imposed on Class A shares redeemed within one year of purchase by investors who have taken advantage of the sales charge waiver allowed for investments of $1 million or more, as described later in this Prospectus.(3)A contingent deferred sales ch arge of 1.00% will be imposed on Class C Shares redeemed within one year of purchase.(4)The Fund charges shareholders a redemption fee of 2.00% on shares held for less than 60 days. As of May 27, 2008, the Fund's redemption and exchange holding period will be reduced from 60 to 30 days. This fee will not be imposed on certain types of accounts or under certain conditions. Please see the "Redemption Fees" section of this Prospectus for a list of the types of accounts and conditions under which this fee will not be assessed. The fee is payable to the Fund and is intended to benefit the remaining shareholders by reducing the costs of short-term trading.(5)Other expenses include interest, custodian, transfer agency and other customary Fund expenses. Other expenses also include expenses incurred by the Fund as a result of its investment in any money market fund or other investment company. These expenses associated with the Fund's investment in other investment companies are referred to as "Acquired Fund Fees and Expenses." For the fiscal year ended November 30, 2007, the Fund incurred Acquired Fund Fees and Expenses totaling less than 0.01% of the Fund's average daily net assets. As the Class C shares had not commenced operations prior to the date of this Prospectus, other expenses for the Class C Shares are estimated.(6)The Advisor h as contractually agreed to reduce its fees and/or pay Fund expenses (excluding the expenses associated with the Fund's investment in other investment companies referred to as "Acquired Fund Fees and Expenses," interest, taxes and extraordinary expenses) in order to limit Net Annual Operating Expenses for the Fund to 1.50% and 2.25% for Class A Shares and Class C Shares, respectively, of the Fund's average net assets (the "Expense Cap"). The Expense Cap will remain in effect for at least the one year period shown in the Example above and may continue for an indefinite period thereafter as determined by the Trust's Board of Trustees (the "Board"). The Advisor is permitted to be reimbursed for fee reductions and/or expense payments made in the prior three fiscal years. Any such reimbursement is subject to Board review and approval. A reimbursement may be requested by the Advisor if the aggregate amount actually paid by the Fund toward operating expenses for such fiscal year (taking into account any reimburse ment) does not exceed the Expense Cap.Stephens Mid Cap Growth FundWhat is the Investment Objective of the Fund?The Fund's investment objective is long-term growth of capital.What are the Fund's Principal Investment Strategies?Under normal market conditions, the Mid Cap Growth Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in stocks of medium capitalization companies.Most of the assets of the Fund will be invested in U.S. common stocks the Advisor believes have clear indicators of future earnings growth, or that demonstrate other potential for growth of capital. The Fund may invest in equity securities, including convertible and preferred stock, as well as exchange-traded funds. The Fund may also invest in equity index futures, investment grade, non-convertible debt securities, U.S. government securities, high quality money market instruments and money market funds. In addition , the Fund may invest up to 25% of its net assets in the securities of foreign issuers, including American Depositary Receipts ("ADRs") and European Depositary Receipts ("EDRs"). In selecting companies for the Fund, the Advisor employs quantitative analysis and fundamental research with a focus on earnings growth.What are the Principal Risks of Investing in the Fund?There is the risk that you could lose money on your investment in the Fund. The following risks could affect the value of your investment:? The stock market declines or stocks in the Fund's portfolio may not increase their earnings at the rate anticipated;? Growth stocks fall out of favor with investors;? Securities of medium size companies involve greater risk than investing in larger more established companies; and/or? Foreign securities involve additional risks, including currency-rate fluctuations, political and economic instability, differences in financial reporting standards, less-strict regulation of securities markets and less liq uidity and more volatility than domestic markets, which may result in delays in settling securities transactions.Who may want to Invest in the Fund?The Fund may be appropriate for investors who:? Are pursuing a long-term goal such as retirement;? Want to add an equity investment with growth potential to their investment portfolio; and? Understand and can bear the risks of investing in medium size companies.The Fund may not be appropriate for investors who:? Need regular income;? Are pursuing a short-term goal; or? Are unable to bear the volatility and risks inherent in investing in medium capitalization stocks.PerformanceThe following performance information indicates some of the risks of investing in the Mid Cap Growth Fund. The information below also illustrates the risks of investing in the Mid Cap Growth Fund by showing its highest and lowest quarterly returns. The table below illustrates the Mid Cap Growth Fund's Class A Shares total return over time compared with broad-based securities indices. The Mid Cap Growth Fund's past performance (before and after taxes) is not necessarily an indication of how it will perform in the future.Stephens Mid Cap Growth Fund ? Class A Shares*Calendar Year Total Return20070.2444*Calendar Year To tal Returns in the bar chart do not reflect sales charges. If sales charges were included, returns would be lower.highest quarterly return0.08462007-06-30lowest quarterly return-0.06992006-06-30Average Annual Total Returns as of December 31, 20071 YearSince Inception (2/01/2006)Class A Shares(1)Return Before Taxes0.17930.0776Return After Taxes on Distributions(2)0.17930.0776Return After Taxes on Distributions and Sale of Fund Shares(2)(3)0.11650.0663Class C Shares(1)Return Before Taxes0.17180.0701S&P 500? Index(4)0.05490.0941Russell Midcap? Growth Index(5)0.11430.0816(1)Average Annual Total Returns reflect applicable sales charges. Class A Shares commenced operations on February 1, 2006. Class C Shares commenced operations on March 28, 2008. Performance shown prior to the inception of the Class C Shares reflects the performance of the Class A Shares, adjusted to reflect the higher Class C sales charges and expenses.(2)After tax returns are calculated using the historical highest individual federal marginal income tax rates and does 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").(3)The "Return After Taxes on Distributions and Sale of Fund Shares" may be higher for certain figures because when a capital loss occurs upon the redemption of Fund shares, a tax deduction is provided that benefits th e investor.(4)The Standard & Poor's 500 ("S&P 500?") Index is an unmanaged index generally representative of the market for the stocks of large-sized U.S. companies. The figures above reflect all dividends reinvested, but do not reflect any deductions for fees, expenses or taxes. An investor cannot invest directly in an index.(5)The Russell Midcap? Growth Index is an unmanaged index that measures the performance of the 800 smallest companies in the Russell 1000? index, which represents approximately 30 percent of the total market capitalization of the Russell 1000? Index. An investor cannot invest directly in an index.Fees and ExpensesAs an investor, you pay certain fees and expenses if you buy and hold shares of the Fund. The fees and expenses are described in the tables below and are further explained in the example that follows.Shareholder Fees(1)(fees paid directly from your investment)Class A SharesClass C SharesMaximum sales charge (load) imposed on purchases (as a percentage of offering price)0.05250.0000Maximum deferred sales charge (load) (as a percentage of original purchase price or redemption proceeds, whichever is less)0.0000(2)0.0100(3)Redemption Fee(4)-0.0200-0.0200Annual Fund Operating Expenses (expenses that are deducted from Fund assets)Management Fees0.00750.0075Distribution (12b-1) Fees0.00250.0100Other Expenses(5)0.02140.0214Total Annual Fund Operating Expenses0.03140.0389Less: Expense Reimbursement or Reduction-0.0164-0.0164Net Annual Fund Operating Expenses(6)0.01500.0225ExampleThis 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. The example also assumes that your investment has a 5% return each year, that dividends and distributions are reinvested, and that the Fund's operating expenses remai n the same. The example reflects the expense limitation agreement for the first year only within each of the years shown below. Although your actual costs may be higher or lower, based on these assumptions your costs would be:You would pay the following expenses if you redeemed your shares at the end of the period:One YearThree Years Five YearsTen YearsClass A Shares670 129719483684One YearThree YearsFive YearsTen YearsClass C Shares328103618634010You would pay the following expenses if you did not redeem your shares at the end of the period:One YearThree YearsFive YearsTen YearsClass C Shares228103618634010(1)You will be assessed fees for outgoing wire transfers, returned checks and stop payment orders at prevailing rates charged by U.S. Bancorp Fund Services, LLC, the Fund's transfer agent.(2)A contingent deferred sales charge of 0.50% will be imposed on Class A shares redeemed within one year of purchase by investors who have taken advantage of the sales charge waiver allowed for investments of $1 million or more, as described later in this Prospectus.(3)A contingent deferred sales charge of 1.00% will be imposed on Class C Shares redeemed within one year of purchase.(4)The Fund charges shareholders a redemption fee of 2.00% on shares held for less than 60 days. As of May 27, 2008, the Fund's redemption and exchange holding period will be reduced from 60 to 30 days. This fee will not be imposed on certain types of accounts or under certain conditions. Please see the "Redemption Fees" section of this Prospectus for a list of the types of accounts and conditions under which this fee will not be assessed. The fee is payable to the Fund and is intended to benefit the remaining shareholders by reducing the costs of short-term trading.(5)Other expenses include interest, custodian, transfer agency and other customary Fund expenses. Other expenses also include expenses incurred by the Fund as a result of its investment in any money market fund or other investment company. These expenses associated with the Fund's investment in other investment companies are referred to as "Acquired Fund Fees and Expenses". For the fiscal year ended November 30, 2007, the Fund incurred Acquired Fund Fees and Expenses totaling less than 0.01% of the Fund's average daily net assets. As the Class C shares had not commenced operations prior to the date of this Prospectus, other expenses for the Class C Shares are estimated.(6)The Advisor has contractually agreed to reduce its fees and/or p ay Fund expenses (excluding the expenses associated with the Fund's investment in other investment companies referred to as "Acquired Fund Fees and Expenses," interest, taxes and extraordinary expenses) in order to limit Net Annual Operating Expenses for the Fund to 1.50% and 2.25% for Class A Shares and Class C Shares, respectively, of the Fund's average net assets (the "Expense Cap"). The Expense Cap will remain in effect for at least the one year period shown in the Example above and may continue for an indefinite period thereafter as determined by the Board. The Advisor is permitted to be reimbursed for fee reductions and/or expense payments made in the prior three fiscal years. Any such reimbursement is subject to Board review and approval. A reimbursement may be requested by the Advisor if the aggregate amount actually paid by the Fund toward operating expenses for such fiscal year (taking into account any reimbursement) does not exceed the Expense Cap.2008-06-232008-06-23The purpose of submitting the XBRL-formatted information is to test the related format and technology and, as a result, investors should not rely on this information in making investment decisions. EX-100.SCH 3 reg.xsd XBRL SCHEMA DOCUMENT EX-100.LAB 4 reg_lab.xml XBRL LABEL LINKBASE DOCUMENT Professionally Managed PortfoliosAllInstrumentsgroup_C000013343C000062083group_C000013344C000062084Stephens Small Cap Growth FundStephens Mid Cap Growth FundStephens Small Cap Growth Fund - Class A SharesStephens Small Cap Growth Fund - Class C SharesStephens Mid Cap Growth Fund - Class A SharesStephens Mid Cap Growth Fund - Class C Shares EX-100.DEF 5 reg_def.xml XBRL DEFINITION LINKBASE DOCUMENT -----END PRIVACY-ENHANCED MESSAGE-----