# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0000894189-25-006858
**Filing Date:** 2025-9
**Character Count:** 3764
**Document Hash:** 3c28d29adb3cf615137c987b2c02d246
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-006858.hdr.sgml**: 20250910

**ACCESSION NUMBER**: 0000894189-25-006858

**CONFORMED SUBMISSION TYPE**: 497K

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20250910

**DATE AS OF CHANGE**: 20250910

**EFFECTIVENESS DATE**: 20250910

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030

**ORGANIZATION NAME:**
- **EIN:** 566415270
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497K
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-12213
- **FILM NUMBER:** 251305235

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-218-3770

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVONDALE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19910529

## Series and Classes Contracts Data

### Muzinich Dynamic Income Fund (Series ID: S000036430)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000111442 | Institutional Shares       | MZCIX           |
| C000111443 | Supra Institutional Shares | MZCSX           |

---

| | |
|:---|:---|
| **MUZINICH DYNAMIC INCOME FUND**<br>**(formerly Muzinich Credit Opportunities Fund)**<br>**Institutional Shares (Ticker: MZCIX)**<br>**Supra Institutional Shares (Ticker: MZCSX)** | ![mzlogoka.jpg](mzlogoka.jpg) |

---

<br>**Supplement dated September 10, 2025 to the**<br>**Summary Prospectus dated April 30, 2025**<br>

Effective at the close of business on September 12, 2025 (the "Effective Date"), Anthony DeMeo will no longer serve as a portfolio manager of the Muzinich Dynamic Income Fund (the "Dynamic Income Fund" or the "Fund"). Accordingly, all references to Mr. DeMeo are removed. Additionally, as of the Effective Date, Eric Schure, CFA, serves as a portfolio manager of the Fund. Michael L. McEachern, Stuart Fuller, Joseph Galzerano, Warren Hyland, Thomas Samson and Corentin Tarlier will continue to serve as portfolio managers of the Fund.

The section titled "Management" on page 7 of the Summary Prospectus is deleted and replaced with the following:

**Management** 

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;**Investment Advisor** | &nbsp;&nbsp;&nbsp;**Portfolio Managers** |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Michael L. McEachern, MBA, CFA, Portfolio Manager, Managed the Fund since inception in 2013. |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Stuart Fuller, Portfolio Manager, Managed the Fund since 2022. |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Joseph Galzerano, MBA, CPA, Portfolio Manager, Managed the Fund since 2018. |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Ian Horn, CFA, Portfolio Manager, Managed the Fund since 2025 |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Warren Hyland, M.Sc., CFA, Portfolio Manager, Managed the Fund since 2013 |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Sam McGairl, Portfolio Manager, Managed the Fund since 2025 |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Thomas Samson, M.Sc., CFA, Portfolio Manager, Managed the Fund since 2014. |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Eric Schure, CFA, Portfolio Manager, Managed the Fund since 2025. |
| &nbsp;&nbsp;&nbsp;Muzinich & Co., Inc. | &nbsp;&nbsp;&nbsp;Corentin Tarlier, CFA, Portfolio Manager, Managed the Fund since 2025. |

---

**\* \* \* \* \***

**Please retain this supplement with your summary prospectus.**

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