Equity securities in which the Fund may invest include common stocks; preferred stocks; warrants to purchase common stocks or preferred stocks; and securities convertible into common or preferred stocks.  Under normal market conditions, the Fund will invest at least 80% of its assets in equity securities of companies with small-to-medium market capitalizations.


The recent growth in the equity market has helped to produce short-term returns for some asset classes that are not typical and may not continue in the future.  Because of ongoing market volatility, fund performance may be subject to substantial short-term changes.

Pursuant to an expense cap agreement between Frontegra Asset Management, Inc. ("Frontegra") and the Fund, Frontegra has agreed to waive its management fee and/or reimburse the Fund’s operating expenses to the extent necessary to ensure that the Fund’s total operating expenses do not exceed 1.35% of the Fund's average daily net assets for Class Y shares and 0.95% of the Fund’s average daily net assets for Institutional Class Shares. The expense cap agreement for the Fund will continue in effect until October 31, 2010 with successive renewal terms of one year unless terminated by Frontegra or the Fund prior to any such renewal. “Other Expenses” are presented before any waivers or expense reimbursements.

Past performance does not guarantee future results.  The principal value of an investment and investment return will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost.  Current performance may be lower or higher than the performance quoted and may be obtained by calling 888-825-2100.  Investment performance reflects contractual fee waivers in effect.  In the absence of such waiver, total returns would be reduced.

The Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing.  The prospectus contains this and other important information about the Frontegra Funds, and it may be obtained by downloading or calling 888-825-2100.  To download, select the Prospectus option located on the left sidebar.

Mutual fund investing involves risk; principal loss is possible.

Principal Risk Factors. The main risks of investing in the Fund are:

M a r k e t R i s k s . The Fund’s investments are subject to market risk, which may cause the value of the Fund’s investments to decline. If the value of the Fund’s investments goes down, you may lose money. The share price of the Fund is expected to fluctuate. Your shares at redemption may be worth more or less than your initial investment.

S t o c k S e l e c t i o n R i s k s . The stocks selected for the Fund may decline in value or not increase in value when the stock market in general is rising.

L i q u i d i t y R i s k s . Liquidity risk is the risk that certain securities may be difficult or impossible to sell at the time and price that IronBridge would like to sell. IronBridge may have to lower the price,sell other securities instead or forego an investment opportunity, any of which could have a negative effect on the Fund’s management or performance.Recent market conditions have caused the markets for some of the securities in which the Fund invests to experience reduced liquidity.

E q u i t y S e c u r i t ies R i s k s . The Fund invests primarily in common stocks and other equity securities. Common stocks and other equity securities generally increase or decrease in value based on the earnings of a company and on general industry and market conditions. A fund that invests a significant amount of its assets in common stocks and other equity securities is likely to have greater fluctuations in share price than a fund that invests a significant portion of its assets in fixed income securities.

M a n a g e m e n t R i s k s . The Fund is actively managed by IronBridge using the “Cash Flow Return on Investment” valuation methodology. There is no guarantee that this methodology or other investment techniques used by IronBridge will produce the desired results.

Gro w t h a n d Va l u e I n v e s t i n g R i s k s . The Fund invests primarily in both growth and value-style stocks. Investors often expect growth companies to increase their earnings at a certain rate. Failures by such companies to meet these expectations may result in sharp declines in the prices of these stocks, even if earnings do increase. In addition, growth stocks typically lack the dividend yield that can cushion stock prices in market downturns. Value stocks may never increase in price or pay dividends as anticipated by IronBridge, or may decline even further if the market fails to recognize the company’s value, if the factors that IronBridge believes will increase the price do not occur or if a stock judged to be undervalued is actually appropriately priced.

S m a l l and Medium C a p R i s k s . The IronBridge SMID Fund invests primarily in small- to medium-capitalization stocks. Securities of companies with small- and medium market capitalizations are often more volatile and less liquid than investments in larger companies. The frequency and volume of trading in securities of smaller companies may be substantially less than is typical of larger companies. Therefore, the securities of smaller companies may be subject to greater and more abrupt price fluctuations. In addition, smaller companies may lack the management experience, financial resources and product diversification of larger companies, making them more susceptible to market pressures. Generally, the smaller the company size, the greater these risks.

Frontegra Funds, Inc. are distributed by Frontegra Strategies, LLC, an affiliate of Frontegra Funds, Inc., and managed by Frontegra Asset Management, Inc.

Frontegra Strategies, LLC   is located at 400 Skokie Boulevard, Suite 500, Northbrook, Illinois 60062, and can be contacted by calling (847) 509-9860.  Frontegra Strategies, LLC is a member of the Financial Industry Regulatory Authority, Inc. and SIPC.www.finra.org

You may obtain information about SIPC, including the SIPC brochure, by visiting www.sipc.org or calling SIPC at (202) 371-8300.

The Frontegra Funds are not offered for sale in countries other than the United States and its territories.