The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year for Institutional Class Shares and by showing how the average annual total returns of each class of the Fund compare with the average annual total returns of the S&P 500 Index, the Fund’s broad-based securities market index, and the Russell 3000 Growth Index, the Fund’s secondary benchmark index that more closely represents the investment exposure sought by the Fund. Performance for classes other than those shown may vary from the performance shown to the extent the expenses for those classes differ. Updated performance information is available at the Fund’s website, www.riverbridge.com, or by calling the Fund at 1-888-447-4470. The Fund’s past performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future.
| Institutional Class Shares | ||
| Highest Calendar Quarter Return at NAV | 27.48% | Quarter Ended 06/30/2020 |
| Lowest Calendar Quarter Return at NAV | (20.70)% | Quarter Ended 06/30/2022 |
| Average Annual Total Returns | One | Five | Ten |
| Institutional Class Shares – Return Before Taxes | 4.57% | 4.56% | 12.49% |
| Institutional Class Shares – Return After Taxes on Distributions* | (0.65)% | 3.19% | 11.35% |
| Institutional Class Shares – Return After Taxes on Distributions and Sale of Fund Shares* | 6.51% | 3.54% | 10.29% |
| Investor Class Shares – Return Before Taxes | 4.30% | 4.30% | 12.24% |
| S&P 500 Index (Reflects No Deductions for Fees, Expenses or Taxes) | 17.88% | 14.42% | 14.82% |
| Russell 3000 Growth Index (Reflects No Deductions for Fees, Expenses or Taxes) | 18.15% | 14.59% | 17.59% |
* 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 an investor’s tax situation and may differ from those shown. 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. After-tax returns are shown for Institutional Class Shares only and after-tax returns for classes other than Institutional Class will vary from returns shown for Institutional Class.