0000894189-16-009555.txt : 20160510 0000894189-16-009555.hdr.sgml : 20160510 20160509174925 ACCESSION NUMBER: 0000894189-16-009555 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 20160510 DATE AS OF CHANGE: 20160509 EFFECTIVENESS DATE: 20160510 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIDGES INVESTMENT FUND INC CENTRAL INDEX KEY: 0000014170 IRS NUMBER: 476027880 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-21600 FILM NUMBER: 161632995 BUSINESS ADDRESS: STREET 1: 8401 W DODGE RD STREET 2: SUITE 256 CITY: OMAHA STATE: NE ZIP: 68114 BUSINESS PHONE: 4023974700 MAIL ADDRESS: STREET 1: 8401 WEST DODGE ROAD STREET 2: SUITE 256 CITY: OMAHA STATE: NE ZIP: 68114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BRIDGES INVESTMENT FUND INC CENTRAL INDEX KEY: 0000014170 IRS NUMBER: 476027880 STATE OF INCORPORATION: NE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-01209 FILM NUMBER: 161632996 BUSINESS ADDRESS: STREET 1: 8401 W DODGE RD STREET 2: SUITE 256 CITY: OMAHA STATE: NE ZIP: 68114 BUSINESS PHONE: 4023974700 MAIL ADDRESS: STREET 1: 8401 WEST DODGE ROAD STREET 2: SUITE 256 CITY: OMAHA STATE: NE ZIP: 68114 0000014170 S000006176 Bridges Investment Fund, Inc. C000017015 Bridges Investment Fund, Inc. BRGIX 485BPOS 1 bridges_485b-xbrl.htm POST EFFECTIVE AMENDMENT FOR XBRL

 
As Filed with the Securities and Exchange Commission on May 9, 2016
 
1933 Act File No. 002-21600
1940 Act File No. 811-01209
 
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.
72
 
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REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
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Amendment No.
58
 
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(Check appropriate box or boxes.)

BRIDGES INVESTMENT FUND, INC.
(Exact name of Registrant as Specified in Charter)
 
8401 West Dodge Road, 256 Durham Plaza
Omaha, Nebraska 68114
(Address of Principal Executive Office) (Zip Code)
 
(402) 397-4700
Registrant’s Telephone Number, including Area Code

Edson L. Bridges III
8401 West Dodge Road, 256 Durham Plaza
Omaha, Nebraska 68114
(Name and Address of Agent for Service)
 
Copy to:
Dennis Fogland, Esq.
Baird Holm LLP
1500 Woodmen Tower
Omaha, Nebraska 68102
 
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 No. 72 to the Registration Statement of Bridges Investment Fund, Inc. on Form N-1A hereby incorporates Parts A, B and C from the Company’s PEA No. 71 on Form N-1A filed April 22, 2016.  This PEA No. 72 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 71 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 this Post-Effective Amendment No. 72 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. 72 to its Registration Statement on Form N-1A to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Omaha, and State of Nebraska, on May 9, 2016.
 
 
BRIDGES INVESTMENT FUND, INC.


By: /s/ Edson L. Bridges III                             
        Edson L. Bridges III
        President and Chief Executive Officer
 
Pursuant to the requirements of the Securities Act of 1933, as amended, this Post-Effective Amendment No. 72 to its Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.

Signature
Title
Date
     
/s/ Daniel J. Brabec                                  
Director
May 9, 2016
Daniel J. Brabec
   
     
/s/ Edson L. Bridges II                             
Chairman Emeritus
May 9, 2016
Edson L. Bridges II
   
     
/s/ Edson L. Bridges III                           
President, Chief Executive
May 9, 2016
Edson L. Bridges III
Officer and Director
 
     
/s/ Robert W. Bridges                              
Director
May 9, 2016
Robert W. Bridges
   
     
/s/ Nancy K. Dodge                                 
Treasurer
May 9, 2016
Nancy K. Dodge
   
     
/s/ Nathan P. Dodge III                            
Director
May 9, 2016
Nathan P. Dodge III
   
     
/s/ Adam M. Koslosky                            
Director
May 9, 2016
Adam M. Koslosky
   
     
/s/ Michael C. Meyer                               
Chairman and Director
May 9, 2016
Michael C. Meyer
   
     
/s/ Robert Slezak                                       
Director
May 9, 2016
Robert Slezak
   
     
/s/ Kelly A. Walters                                 
Director
May 9, 2016
Kelly A. Walters
   
     
/s/ Lyn Wallin Ziegenbein                      
Director
May 9, 2016
Lyn Wallin Ziegenbein
   
     
 

 
EXHIBIT INDEX

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 ck0000014170-20160422.xml XBRL INSTANCE DOCUMENT 0000014170 2015-12-31 2015-12-31 0000014170 ck0000014170:S000006176Member 2015-12-31 2015-12-31 0000014170 ck0000014170:S000006176Member ck0000014170:C000017015Member 2015-12-31 2015-12-31 0000014170 ck0000014170:S000006176Member rr:AfterTaxesOnDistributionsMember ck0000014170:C000017015Member 2015-12-31 2015-12-31 0000014170 ck0000014170:S000006176Member rr:AfterTaxesOnDistributionsAndSalesMember ck0000014170:C000017015Member 2015-12-31 2015-12-31 0000014170 ck0000014170:S000006176Member ck0000014170:index_Russell_1000_Growth_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2015-12-31 2015-12-31 0000014170 ck0000014170:S000006176Member ck0000014170:index_SP_500_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2015-12-31 2015-12-31 xbrli:pure iso4217:USD Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the Ratio of Net Expenses to Average Net Assets included in the "Financial Highlights" section of the statutory prospectus which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. BRIDGES INVESTMENT FUND INC 485BPOS false 0000014170 2015-12-31 2016-04-22 2016-04-30 2016-04-30 Bridges Investment Fund, Inc. BRGIX Fees and Expenses of the Fund : <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </div> 0.0000 0.0000 0.0000 0.0050 0.0000 0.0030 0.0002 0.0082 ~ http://usbank.com/20160422/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0000014170_S000006176Member row primary compact * ~ ~ http://usbank.com/20160422/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0000014170_S000006176Member row primary compact * ~ Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the Ratio of Net Expenses to Average Net Assets included in the &#8220;Financial Highlights&#8221; section of the statutory prospectus which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses. Shareholder Fees (fees paid directly from your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover : <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio).&#160;&#160;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.&#160;&#160;These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance.&#160;&#160;During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 13.23% of the average value of its portfolio. </div> 0.1323 Investment Objective: <div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">Bridges Investment Fund, Inc. (the &#8220;Fund&#8221;) seeks long-term capital appreciation,</font></div> <div style="TEXT-ALIGN: justify"><font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">with a secondary objective of generating a modest amount of current income.<font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br/> </font></font> <br/> </div> Principal Risks of Investing in the Fund : <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The risks associated with an investment in the Fund can increase during times of significant market volatility.&#160; There is the risk that you could lose all or a portion of your investment in the Fund.&#160; The following risks could affect the value of your investment: </div> <br/><div style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; text-align: justify; text-indent: 36pt;"> <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="text-decoration: underline;">Market Risk</font></font>: <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">&#160;</font>The prices of the stocks in which the Fund invests may decline for a number of reasons such as changing economic, political or market conditions.&#160; The price declines may be steep, sudden and/or prolonged. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Interest Rate Risk</u></font>: The market value of bonds and other debt securities generally declines when interest rates rise.&#160;&#160;This risk is greater for bonds with longer maturities. <br/> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><br/> </font> <font id="TRGRRTFtoHTMLTab" style="FONT-SIZE: 1px; DISPLAY: inline-block; WIDTH: 36pt">&#160;</font> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Credit Risk</u></font>: The risk of investments in bonds and debt securities whose issuers may not be able to make interest and principal payments.&#160; In turn, issuers&#8217; inability to make payments may lower the credit quality of the security and lead to greater volatility in the price of the security. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Asset Allocation Risk</u></font>: The risk that asset allocation to a particular strategy does not reflect actual market movement or the effect of economic conditions.&#160; The Fund&#8217;s performance may be affected by the Adviser&#8217;s ability to anticipate correctly the relative potential returns and risks of the types of assets in which the Fund invests. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Small and Medium Capitalization Risk</u></font>:&#160; Investing in securities of small and medium capitalization companies may involve greater volatility than investing in larger and more established companies because small and medium capitalization companies can be subject to more abrupt or erratic share price changes than larger, more established companies. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif"><u>Foreign Securities and ADR Risk</u></font>: Investing in foreign issuer securities and ADRs may involve risks in addition to the risks in domestic investments, including less regulatory oversight and less publicly-available information, less stable governments and economies, and non-uniform accounting, auditing and financial reporting standards. </div> There is the risk that you could lose all or a portion of your investment in the Fund. Principal Investment Strategies of the Fund : <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of common stocks, which Fund management believes offers the potential for increased earnings and dividends over time.&#160; Normally, such equity securities will represent 60% or more of the Fund&#8217;s net assets.&#160; However, the overall asset allocation is set by Fund management&#8217;s determination of the most attractive risk adjusted return opportunities available in both equity and fixed income securities. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> The equity investment approach of Bridges Investment Management, Inc. ( <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#8220;</font>BIM <font style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif">&#8221;</font> or the &#8220;Adviser&#8221;) emphasizes owning companies in the Fund which it believes offer the best potential for above-average, long-term capital appreciation.&#160; The Adviser&#8217;s equity investment process focuses on identifying companies which have accelerating revenues, earnings growth, strong dividend growth potential, free cash flow growth, expanding margins and strong balance sheets.&#160; Market capitalization or company size is a result of this investment approach rather than an active investment consideration.&#160; Historically, the Fund has primarily owned securities in larger companies, although at any time, the Fund may own securities in small, medium, or large size companies.&#160; The Fund may also invest in common stocks which the Adviser believes may be cyclically depressed or undervalued, and therefore, may offer potential for capital appreciation. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> In pursuing these principal investment objectives, the Fund may invest up to 15% of its total assets in U.S. dollar-denominated securities of foreign issuers traded on U.S. exchanges, and up to 20% of its total assets in American Depositary Receipts (&#8220;ADRs&#8221;) traded on U.S. exchanges or in the U.S. over-the-counter market. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> In addition, to generate current income, as part of its principal strategy, the Fund may acquire investment grade corporate bonds, debentures, U.S. Treasury bonds and notes, and preferred stocks.&#160; Historically, such fixed income securities have not constituted more than 40% of the market value of the Fund&#8217;s portfolio.&#160; Two considerations drive the Adviser&#8217;s maturity strategy with respect to fixed income securities.&#160; First, the Adviser will generally manage the weighted average life of the Fund&#8217;s fixed income portfolio given its perception of where value lies at any point in time on the yield curve.&#160; Second, the Adviser will manage the weighted average life of the Fund&#8217;s fixed income portfolio based on its intermediate to longer-term outlook for interest rates at any point in time. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; TEXT-INDENT: 36pt"> The allocation of Fund investments among common stocks and other equity securities and bonds and other debt securities (including U.S. Treasury securities) is based on the Adviser&#8217;s judgments about the potential returns and risks of each class.&#160; The Adviser considers a number of factors when making these allocations, including economic conditions and monetary factors, inflation and interest levels and trends, and fundamental factors (such as price/earnings ratios or growth rates) of individual companies in which the Fund invests. </div> Example: <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. </div> <br/><div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify"> 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 these periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses remain the same.</div> 84 262 455 1014 ~ http://usbank.com/20160422/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact ck0000014170_S000006176Member row primary compact * ~ Although your actual costs may be higher or lower, based on these assumptions your costs would be: Performance: <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify">The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year and how the Fund&#8217;s average annual returns over time compare with those of a broad measure of market performance, as well as indices that reflect the market sectors in which the Fund invests.&#160;&#160;The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. </div> Total Return for the Calendar Years Ended December 31 0.0196 0.0472 -0.3547 0.3461 0.1150 0.0062 0.1416 0.3299 0.0937 0.0033 ~ http://usbank.com/20160422/role/ScheduleAnnualTotalReturnsBarChart20004 column dei_LegalEntityAxis compact ck0000014170_S000006176Member column rr_ProspectusShareClassAxis compact ck0000014170_C000017015Member row primary compact * ~ highest returns 0.1728 2009-06-30 lowest returns -0.2333 2008-12-31 <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify; MARGIN-RIGHT: 14.4pt; TEXT-INDENT: 36pt"> The Fund&#8217;s highest and lowest returns for a calendar quarter during the 10 year period shown on the bar chart are a return of 17.28% for the quarter ended June 30, 2009, and -23.33% for the quarter ended December 31, 2008. </div> 0.0033 0.1088 0.0566 Return Before Taxes -0.0005 0.1033 0.0523 Return After Taxes on Distributions 0.0050 0.0863 0.0453 Return After Taxes on Distributions and Sale of Fund Shares 0.0567 0.1353 0.0853 Russell 1000&#174; Growth Index (reflects no deduction for fees, expenses or taxes) 0.0138 0.1257 0.0731 S&P 500&#174; Index (reflects no deduction for fees, expenses or taxes) ~ http://usbank.com/20160422/role/ScheduleAverageAnnualReturnsTransposed20005 column dei_LegalEntityAxis compact ck0000014170_S000006176Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ <div style="FONT-SIZE: 10pt; FONT-FAMILY: 'Times New Roman', Times, serif; TEXT-ALIGN: justify"> 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&#8217;s tax situation and may differ from those shown, and 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 (&#8220;IRAs&#8221;). The Fund&#8217;s return after taxes on distributions and sale of fund shares is higher than its return before taxes and after taxes on distributions because it includes a tax benefit resulting from the capital losses that would have been incurred, and could be utilized against other capital gains an investor may have. </div> 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. The Fund&#8217;s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. 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Document and Entity Information
Total
Prospectus:  
Document Type 485BPOS
Document Period End Date Dec. 31, 2015
Registrant Name BRIDGES INVESTMENT FUND INC
Central Index Key 0000014170
Amendment Flag false
Document Creation Date Apr. 22, 2016
Document Effective Date Apr. 30, 2016
Prospectus Date Apr. 30, 2016
Bridges Investment Fund, Inc. | Bridges Investment Fund, Inc.  
Prospectus:  
Trading Symbol BRGIX
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Bridges Investment Fund, Inc.
Bridges Investment Fund, Inc.
Investment Objective:
Bridges Investment Fund, Inc. (the “Fund”) seeks long-term capital appreciation,
with a secondary objective of generating a modest amount of current income.

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
Bridges Investment Fund, Inc.
Bridges Investment Fund, Inc.
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) none
Maximum Deferred Sales Charge (Load) on Reinvested Dividends and other Distributions none
Redemption Fee (as a percentage of amount redeemed) none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Bridges Investment Fund, Inc.
Bridges Investment Fund, Inc.
Management Fees 0.50%
Distribution (12b-1) Fees none
Other Expenses 0.30%
Acquired Fund Fees and Expenses 0.02% [1]
Total Annual Fund Operating Expenses 0.82% [1]
[1] Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the Ratio of Net Expenses to Average Net Assets included in the "Financial Highlights" section of the statutory prospectus which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
Example:
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of these periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example
1 Year
3 Years
5 Years
10 Years
Bridges Investment Fund, Inc. | Bridges Investment Fund, Inc. | USD ($) 84 262 455 1,014
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 fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 13.23% of the average value of its portfolio.
Principal Investment Strategies of the Fund :
The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of common stocks, which Fund management believes offers the potential for increased earnings and dividends over time.  Normally, such equity securities will represent 60% or more of the Fund’s net assets.  However, the overall asset allocation is set by Fund management’s determination of the most attractive risk adjusted return opportunities available in both equity and fixed income securities.

The equity investment approach of Bridges Investment Management, Inc. ( BIM or the “Adviser”) emphasizes owning companies in the Fund which it believes offer the best potential for above-average, long-term capital appreciation.  The Adviser’s equity investment process focuses on identifying companies which have accelerating revenues, earnings growth, strong dividend growth potential, free cash flow growth, expanding margins and strong balance sheets.  Market capitalization or company size is a result of this investment approach rather than an active investment consideration.  Historically, the Fund has primarily owned securities in larger companies, although at any time, the Fund may own securities in small, medium, or large size companies.  The Fund may also invest in common stocks which the Adviser believes may be cyclically depressed or undervalued, and therefore, may offer potential for capital appreciation.

In pursuing these principal investment objectives, the Fund may invest up to 15% of its total assets in U.S. dollar-denominated securities of foreign issuers traded on U.S. exchanges, and up to 20% of its total assets in American Depositary Receipts (“ADRs”) traded on U.S. exchanges or in the U.S. over-the-counter market.

In addition, to generate current income, as part of its principal strategy, the Fund may acquire investment grade corporate bonds, debentures, U.S. Treasury bonds and notes, and preferred stocks.  Historically, such fixed income securities have not constituted more than 40% of the market value of the Fund’s portfolio.  Two considerations drive the Adviser’s maturity strategy with respect to fixed income securities.  First, the Adviser will generally manage the weighted average life of the Fund’s fixed income portfolio given its perception of where value lies at any point in time on the yield curve.  Second, the Adviser will manage the weighted average life of the Fund’s fixed income portfolio based on its intermediate to longer-term outlook for interest rates at any point in time.

The allocation of Fund investments among common stocks and other equity securities and bonds and other debt securities (including U.S. Treasury securities) is based on the Adviser’s judgments about the potential returns and risks of each class.  The Adviser considers a number of factors when making these allocations, including economic conditions and monetary factors, inflation and interest levels and trends, and fundamental factors (such as price/earnings ratios or growth rates) of individual companies in which the Fund invests.
Principal Risks of Investing in the Fund :
The risks associated with an investment in the Fund can increase during times of significant market volatility.  There is the risk that you could lose all or a portion of your investment in the Fund.  The following risks could affect the value of your investment:

Market Risk:  The prices of the stocks in which the Fund invests may decline for a number of reasons such as changing economic, political or market conditions.  The price declines may be steep, sudden and/or prolonged.

Interest Rate Risk: The market value of bonds and other debt securities generally declines when interest rates rise.  This risk is greater for bonds with longer maturities.

  Credit Risk: The risk of investments in bonds and debt securities whose issuers may not be able to make interest and principal payments.  In turn, issuers’ inability to make payments may lower the credit quality of the security and lead to greater volatility in the price of the security.

Asset Allocation Risk: The risk that asset allocation to a particular strategy does not reflect actual market movement or the effect of economic conditions.  The Fund’s performance may be affected by the Adviser’s ability to anticipate correctly the relative potential returns and risks of the types of assets in which the Fund invests.

Small and Medium Capitalization Risk:  Investing in securities of small and medium capitalization companies may involve greater volatility than investing in larger and more established companies because small and medium capitalization companies can be subject to more abrupt or erratic share price changes than larger, more established companies.

Foreign Securities and ADR Risk: Investing in foreign issuer securities and ADRs may involve risks in addition to the risks in domestic investments, including less regulatory oversight and less publicly-available information, less stable governments and economies, and non-uniform accounting, auditing and financial reporting standards.
Performance:
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of market performance, as well as indices that reflect the market sectors in which the Fund invests.  The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Total Return for the Calendar Years Ended December 31
Bar Chart
The Fund’s highest and lowest returns for a calendar quarter during the 10 year period shown on the bar chart are a return of 17.28% for the quarter ended June 30, 2009, and -23.33% for the quarter ended December 31, 2008.
Average Annual Total Returns (for the periods ended December 31, 2015)
Average Annual Returns - Bridges Investment Fund, Inc.
Label
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Bridges Investment Fund, Inc. Return Before Taxes 0.33% 10.88% 5.66%
After Taxes on Distributions | Bridges Investment Fund, Inc. Return After Taxes on Distributions (0.05%) 10.33% 5.23%
After Taxes on Distributions and Sale of Fund Shares | Bridges Investment Fund, Inc. Return After Taxes on Distributions and Sale of Fund Shares 0.50% 8.63% 4.53%
Russell 1000 ® Growth Index (reflects no deduction for fees, expenses or taxes) Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes) 5.67% 13.53% 8.53%
S&P 500 ® Index (reflects no deduction for fees, expenses or taxes) S&P 500® Index (reflects no deduction for fees, expenses or taxes) 1.38% 12.57% 7.31%
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, and 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 (“IRAs”). The Fund’s return after taxes on distributions and sale of fund shares is higher than its return before taxes and after taxes on distributions because it includes a tax benefit resulting from the capital losses that would have been incurred, and could be utilized against other capital gains an investor may have.
XML 12 R8.htm IDEA: XBRL DOCUMENT v3.4.0.3
Label Element Value
Bridges Investment Fund, Inc.  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Bridges Investment Fund, Inc.
Objective [Heading] rr_ObjectiveHeading Investment Objective:
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock
Bridges Investment Fund, Inc. (the “Fund”) seeks long-term capital appreciation,
Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock
with a secondary objective of generating a modest amount of current income.

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 Fund 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 fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 13.23% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 13.23%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the Ratio of Net Expenses to Average Net Assets included in the “Financial Highlights” section of the statutory prospectus which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
Expense Example [Heading] rr_ExpenseExampleHeading Example:
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
This Example is intended to help you compare the cost 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 these periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same.
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 of the Fund :
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock
The Fund seeks to achieve its investment objectives by investing primarily in a diversified portfolio of common stocks, which Fund management believes offers the potential for increased earnings and dividends over time.  Normally, such equity securities will represent 60% or more of the Fund’s net assets.  However, the overall asset allocation is set by Fund management’s determination of the most attractive risk adjusted return opportunities available in both equity and fixed income securities.

The equity investment approach of Bridges Investment Management, Inc. ( BIM or the “Adviser”) emphasizes owning companies in the Fund which it believes offer the best potential for above-average, long-term capital appreciation.  The Adviser’s equity investment process focuses on identifying companies which have accelerating revenues, earnings growth, strong dividend growth potential, free cash flow growth, expanding margins and strong balance sheets.  Market capitalization or company size is a result of this investment approach rather than an active investment consideration.  Historically, the Fund has primarily owned securities in larger companies, although at any time, the Fund may own securities in small, medium, or large size companies.  The Fund may also invest in common stocks which the Adviser believes may be cyclically depressed or undervalued, and therefore, may offer potential for capital appreciation.

In pursuing these principal investment objectives, the Fund may invest up to 15% of its total assets in U.S. dollar-denominated securities of foreign issuers traded on U.S. exchanges, and up to 20% of its total assets in American Depositary Receipts (“ADRs”) traded on U.S. exchanges or in the U.S. over-the-counter market.

In addition, to generate current income, as part of its principal strategy, the Fund may acquire investment grade corporate bonds, debentures, U.S. Treasury bonds and notes, and preferred stocks.  Historically, such fixed income securities have not constituted more than 40% of the market value of the Fund’s portfolio.  Two considerations drive the Adviser’s maturity strategy with respect to fixed income securities.  First, the Adviser will generally manage the weighted average life of the Fund’s fixed income portfolio given its perception of where value lies at any point in time on the yield curve.  Second, the Adviser will manage the weighted average life of the Fund’s fixed income portfolio based on its intermediate to longer-term outlook for interest rates at any point in time.

The allocation of Fund investments among common stocks and other equity securities and bonds and other debt securities (including U.S. Treasury securities) is based on the Adviser’s judgments about the potential returns and risks of each class.  The Adviser considers a number of factors when making these allocations, including economic conditions and monetary factors, inflation and interest levels and trends, and fundamental factors (such as price/earnings ratios or growth rates) of individual companies in which the Fund invests.
Risk [Heading] rr_RiskHeading Principal Risks of Investing in the Fund :
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock
The risks associated with an investment in the Fund can increase during times of significant market volatility.  There is the risk that you could lose all or a portion of your investment in the Fund.  The following risks could affect the value of your investment:

Market Risk:  The prices of the stocks in which the Fund invests may decline for a number of reasons such as changing economic, political or market conditions.  The price declines may be steep, sudden and/or prolonged.

Interest Rate Risk: The market value of bonds and other debt securities generally declines when interest rates rise.  This risk is greater for bonds with longer maturities.

  Credit Risk: The risk of investments in bonds and debt securities whose issuers may not be able to make interest and principal payments.  In turn, issuers’ inability to make payments may lower the credit quality of the security and lead to greater volatility in the price of the security.

Asset Allocation Risk: The risk that asset allocation to a particular strategy does not reflect actual market movement or the effect of economic conditions.  The Fund’s performance may be affected by the Adviser’s ability to anticipate correctly the relative potential returns and risks of the types of assets in which the Fund invests.

Small and Medium Capitalization Risk:  Investing in securities of small and medium capitalization companies may involve greater volatility than investing in larger and more established companies because small and medium capitalization companies can be subject to more abrupt or erratic share price changes than larger, more established companies.

Foreign Securities and ADR Risk: Investing in foreign issuer securities and ADRs may involve risks in addition to the risks in domestic investments, including less regulatory oversight and less publicly-available information, less stable governments and economies, and non-uniform accounting, auditing and financial reporting standards.
Risk Lose Money [Text] rr_RiskLoseMoney There is the 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 bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of market performance, as well as indices that reflect the market sectors in which the Fund invests.  The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and how the Fund’s average annual returns over time compare with those of a broad measure of market performance, as well as indices that reflect the market sectors in which the Fund invests.
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 Total Return for the Calendar Years Ended December 31
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock
The Fund’s highest and lowest returns for a calendar quarter during the 10 year period shown on the bar chart are a return of 17.28% for the quarter ended June 30, 2009, and -23.33% for the quarter ended December 31, 2008.
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest returns
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.28%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest returns
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (23.33%)
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 Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and 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 (“IRAs”).
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
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, and 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 (“IRAs”). The Fund’s return after taxes on distributions and sale of fund shares is higher than its return before taxes and after taxes on distributions because it includes a tax benefit resulting from the capital losses that would have been incurred, and could be utilized against other capital gains an investor may have.
Caption rr_AverageAnnualReturnCaption Average Annual Total Returns (for the periods ended December 31, 2015)
Bridges Investment Fund, Inc. | Russell 1000 ® Growth Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Russell 1000® Growth Index (reflects no deduction for fees, expenses or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 5.67%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 13.53%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.53%
Bridges Investment Fund, Inc. | S&P 500 ® Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel S&P 500® Index (reflects no deduction for fees, expenses or taxes)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 1.38%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 12.57%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.31%
Bridges Investment Fund, Inc. | Bridges Investment Fund, Inc.  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) on Reinvested Dividends and other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of amount redeemed) rr_RedemptionFeeOverRedemption none
Management Fees rr_ManagementFeesOverAssets 0.50%
Distribution (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.82% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 84
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 262
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 455
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 1,014
Annual Return 2006 rr_AnnualReturn2006 1.96%
Annual Return 2007 rr_AnnualReturn2007 4.72%
Annual Return 2008 rr_AnnualReturn2008 (35.47%)
Annual Return 2009 rr_AnnualReturn2009 34.61%
Annual Return 2010 rr_AnnualReturn2010 11.50%
Annual Return 2011 rr_AnnualReturn2011 0.62%
Annual Return 2012 rr_AnnualReturn2012 14.16%
Annual Return 2013 rr_AnnualReturn2013 32.99%
Annual Return 2014 rr_AnnualReturn2014 9.37%
Annual Return 2015 rr_AnnualReturn2015 0.33%
Label rr_AverageAnnualReturnLabel Return Before Taxes
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.33%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.88%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.66%
Bridges Investment Fund, Inc. | Bridges Investment Fund, Inc. | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (0.05%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 10.33%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.23%
Bridges Investment Fund, Inc. | Bridges Investment Fund, Inc. | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 0.50%
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 8.63%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 4.53%
[1] Acquired Fund Fees and Expenses are indirect fees and expenses that funds incur from investing in the shares of other mutual funds. Please note that the amount of Total Annual Fund Operating Expenses shown in the above table may differ from the Ratio of Net Expenses to Average Net Assets included in the "Financial Highlights" section of the statutory prospectus which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Apr. 30, 2016
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