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Frontegra HEXAM Emerging Markets Fund (Prospectus Summary) | Frontegra HEXAM Emerging Markets Fund
SUMMARY SECTION
Investment Objective.
The investment objective of the Frontegra HEXAM Emerging Markets Fund (the "Fund") is

long-term capital growth.
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) NONE
Shareholder Fees
Frontegra HEXAM Emerging Markets Fund
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
Frontegra HEXAM Emerging Markets Fund
Management Fees0.90%
Distribution (12b-1) Fees none
Other Expenses1.43%
Acquired Fund Fees and Expenses[1]0.02%
Total Annual Fund Operating Expenses2.35%
Fee Waiver[2](1.03%)
Total Annual Fund Operating Expenses After Fee Waiver1.32%
[1]Acquired Fund Fees and Expenses ("AFFE") are fees and expenses incurred by the Fund in connection with its investment in other investment companies. Total Annual Fund Operating Expenses shown will not correlate to the Fund's ratio of expenses to average net assets appearing in the Financial Highlights table, which will not include AFFE.
[2]Pursuant to an expense cap agreement between Frontegra Asset Management, Inc., the Fund's investment adviser ("Frontegra"), and the Fund, Frontegra 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, AFFE and extraordinary expenses) do not exceed 1.30% 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 Frontegra 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
Expense Example, With Redemption, 5 Years
Expense Example, With Redemption, 10 Years
Frontegra HEXAM Emerging Markets Fund
1346351,1622,607
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.

The Fund commenced operations on December 20, 2010 and, consequently, did not

have one full year of operations as of the end of its last fiscal year; however,

as of June 30, 2011, the Fund's portfolio turnover rate was 33% of the average

value of its portfolio (on an un-annualized basis).
Principal Investment Strategy.
The Fund invests at least 80% of its net assets in securities of emerging

market companies, with its portfolio invested in approximately 80 stocks

of emerging market companies.  The Fund invests primarily in equity

securities but may also invest in equity-related instruments and certain

fixed income securities.  Equity-related instruments include American

Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs"),

Participatory Notes ("P-Notes") and convertible securities.  HEXAM Capital

Partners, LLP, the Fund's subadviser ("HEXAM"), defines emerging markets as any

market not included in the Morgan Stanley Capital International ("MSCI") World

Index, which includes 21 developed market country indices.  The Fund will invest

primarily in the markets represented in the MSCI Emerging Markets Index, a free

float-adjusted market capitalization index that is designed to measure the

market performance of emerging markets.  As of May 2011, the MSCI Emerging

Markets Index consisted of the following 21 emerging market country indices:

Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India,

Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia,

South Africa, Taiwan, Thailand and Turkey.  HEXAM considers "emerging market

companies" to be companies organized under the laws of emerging market

countries, have securities principally traded on an exchange or over-the-counter

in the emerging market countries or companies that, regardless of where they are

organized or traded, have at least 50% of assets located in and/or derive at

least 50% of their revenues from goods purchased or sold, investments made or

services performed in or with emerging market countries.



The Fund may invest up to 20% of its total assets in companies listed on

regulated exchanges of countries not included in the MSCI Emerging Markets Index

(excluding GDRs and ADRs of emerging market companies).  The Fund may also

invest up to 20% of its total assets in government-backed fixed income

securities issued by governments included in the MSCI Emerging Markets Index.

The Fund is diversified.



In constructing the Fund's portfolio, HEXAM focuses on emerging market companies

with the prospect of yielding the highest capital gains.  HEXAM is a

research-based, analytical, active investment manager that uses a Growth,

Liquidity, Currency, Management and Valuation ("GLCMV") factor model.  HEXAM's

portfolio managers use this model to identify unrecognized or mispriced earnings

potential that could lead to outperformance or a re-rating at a stock or country

level using a blended top-down and bottom-up approach.
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.



Management Risks.  The Fund is subject to management risk as an actively-managed

investment portfolio.  There can be no guarantee that the decisions of the

portfolio managers will produce the desired results.



Stock Selection Risks.  Stock prices vary and may fall, thus reducing the value

of the Fund's investments.  The stocks selected for the Fund may decline in

value or not increase in value when the stock market in general is rising.



Equity Securities Risks.  The Fund will normally invest its assets primarily in

equity securities, which generally fluctuate in value based on the earnings of a

company and on general industry and market conditions.



Liquidity Risks.  Liquidity risk is the risk that certain securities may be

difficult or impossible to sell at the time and price that HEXAM would like to

sell.  HEXAM may have to lower the price, sell other securities instead or

forego an investment opportunity.



Foreign Securities Risks.  The Fund's foreign investments involve additional

risks, including less liquidity, currency-rate fluctuations, political and

economic instability, differences in financial reporting standards and less

strict regulation of the securities markets.



Currency Risks.  The value of the Fund's foreign securities as measured in U.S.

dollars may be affected unfavorably by changes in foreign currency exchange

rates.  The Fund may also incur costs in connection with conversions between

various currencies.



ADR and GDR Risks.  The risks of ADRs and GDRs include many of the risks

associated with investing directly in foreign securities, such as currency-rate

fluctuations and political and economic instability.



P-Note Risks.  The risks of P-Notes also include many of the risks associated

investing directly in foreign securities.  Additionally, P-Notes may be subject

to counterparty risk, which is the risk that the broker-dealer or bank that

issues the notes will not fulfill its contractual obligations under the notes.



Emerging Markets Risks.  The risks of foreign investments typically are greater

in emerging markets due to factors such as smaller securities markets and lower

trading volumes, less developed legal and accounting structures, substantial

influence by an emerging market country's government over the private sector and

potential high levels of inflation, deflation or currency devaluations.



Settlement Risks.  Settlement problems, which could result in periods when

assets of the Fund are not invested and no return is earned thereon or

restrictions on the Fund's ability to dispose of a portfolio security, are more

prominent in emerging market countries.



Region or Sector Risks.  The Fund may invest a higher percentage of its total

assets in a particular country (such as Russia), region or sector of

international markets, which may have a significant impact on the Fund's overall

portfolio.



Non-U.S. Government-Backed Fixed Income Securities Risks.  The Fund may invest

in government-backed fixed income securities issued by the governments of

countries included in the MSCI Emerging Markets Index, such as "non-dollar

bonds" or U.S. dollar foreign bonds.  Indirect foreign currency risk and the

other foreign risk factors apply to the foreign issuers of U.S. dollar foreign

bonds.  Investments in non-U.S. Government securities are also subject to

varying degrees of credit risk (the risk that an issuer may be unable to meet

scheduled interest and principal payment obligations or may default) and

interest rate risk (the risk that bond prices generally fall as interest rates

rise).
Performance of the Fund.
Performance information for the Fund is not included because the Fund does not have

returns for one full calendar year.