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Lockwell Small Cap Value Fund (Prospectus Summary) | Lockwell Small Cap Value Fund
SUMMARY SECTION
Investment Objective.
The investment objective of the Lockwell Small Cap Value Fund (the "Fund") is
long-term capital appreciation.
Fees and Expenses of the Fund.
This table describes the fees and expenses that you may pay if you buy and hold
Institutional Class shares of the Fund.
Shareholder Fees (fees paid directly from your investment) Redemption Fee (as a percentage of amount redeemed, if applicable) NONE
Shareholder Fees
Lockwell Small Cap Value Fund
Institutional Class
Redemption Fee (as a percentage of amount redeemed, if applicable) (a service fee of $15 will be imposed for shares redeemed by wire) 2.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Lockwell Small Cap Value Fund
Institutional Class
Management Fees 1.00%
Distribution (12b-1) Fees none
Other Expenses [1] 0.57%
Total Annual Fund Operating Expenses [1] 1.57%
Fee Waiver [2] (0.47%)
Total Annual Fund Operating Expenses After Fee Waiver 1.10%
[1] "Other Expenses" and "Total Annual Fund Operating Expenses" are based on estimated amounts for the current fiscal year.
[2] Pursuant to an expense cap agreement between Lockwell Investments, LLC, the Fund's investment adviser ("Lockwell"), and the Fund, Lockwell has contractually 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 (excluding taxes, interest, brokerage commissions, acquired fund fees and expenses ("AFFE") and extraordinary expenses) do not exceed 1.10% of the Fund's average daily net assets. The expense cap agreement will continue in effect until October 31, 2012 with successive renewal terms of one year unless terminated by Lockwell or the Company prior to any such renewal. "Other Expenses" are presented before any waivers or expense reimbursements.
Example.
The following example is intended to help you compare the cost of investing
in the shares of 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 those
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 (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
Lockwell Small Cap Value Fund Institutional Class
112 450
Portfolio Turnover.
The Fund pays transaction costs, such as commissions, when it buys and sells securities
(or "turns over" its portfolio).  A higherportfolio 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.
Principal Investment Strategy.
Under normal market conditions, at least 80% of the Fund's net assets will be
invested in a diversified portfolio of equity securities of small-capitalization
companies traded on U.S. exchanges.  Lockwell selects equity securities of companies
it believes are undervalued relative to the market or in comparison to similar companies.
The Fund may also invest up to 20% of its total assets in real estate investment trusts
("REITs") and up to 25% of its total assets in equity securities of foreign companies,
including depositary receipts.  Lockwell defines a small capitalization company as any
company with a market capitalization no larger than the largest company included in the
Russell 2000® Value Index at the time of initial investment.  As of May 31, 2011, the
largest market capitalization of a company in the Russell 2000® Value Index was $5.397
billion and the weighted average market capitalization was $1.296 billion.  Lockwell
primarily purchases securities of companies with market capitalizations between $100
million to $2 billion at the time of purchase.
Principal Investment Risks.
Market Risks.  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, the share price of the Fund will go down, and you
may lose money.  U.S. and international markets have experienced extreme
volatility, reduced liquidity, credit downgrades, increased likelihood of
default and valuation difficulties in recent years.

Equity Securities Risks.  Common stocks and other equity securities held by the
Fund will fluctuate in value based on the earnings of the company and on general
industry and market conditions, leading to fluctuations in the Fund's share
price.

Small-Capitalization Company Risks.  Small-capitalization companies are often
more volatile, less liquid and have a smaller trading market than securities of
larger companies.  Small-capitalization companies are also more susceptible to
market pressures than larger companies.

Stock Selection Risks.  The stocks selected for the Fund may decline in value or
not increase in value when the stock market in general is rising.

Value Investing Risks.  Lockwell invests in stocks that it believes are
undervalued.  Value stocks may never increase in price or pay dividends, or may
decline even further if the market fails to recognize the company's value.

REIT Risks.  A REIT's share price may decline because of adverse developments
affecting the real estate industry, including changes in interest rates and how
well the underlying properties owned by the REIT are managed.  The returns from
REITs may trail returns from the overall market.  Additionally, there is always
a risk that a REIT will fail to qualify for favorable tax treatment.

Foreign Securities and American Depositary Receipts ("ADRs") Risks.  Investments
in securities of foreign companies and ADRs involve additional risks, including
less liquidity, currency-rate fluctuations, political and economic instability
and differences in financial reporting standards and securities market
regulation.  ADRs include American Depositary Shares ("ADSs").

Management Risks.  The Fund is subject to management risk as an actively-managed
investment portfolio and depends on the decisions of the portfolio manager to
produce the desired results.
Performance.
Performance information for the Fund is not included because the Fund has not commenced operations.