SiM Dynamic Allocation Equity Income Fund (Prospectus Summary) | SiM Dynamic Allocation Equity Income Fund

SiM Dynamic Allocation Equity Income Fund (the "Equity Income Fund")

Investment Objective

The Equity Income Fund seeks to provide total return, consisting primarily of
long-term capital appreciation with growth of income.

Fees and Expenses of the Equity Income Fund

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Equity Income Fund. You may qualify for sales charge discounts if
you and your family invest, or agree to invest in the future, at least $50,000
in the SiM Funds. More information about these and other discounts is available
from your financial professional and in the "Shareholder Information" section on
page 23 of the Fund's Prospectus and the "Additional Purchase and Redemption
Information" section on page 31 of the Fund's SAI.

SHAREHOLDER FEES (fees paid directly from your investment)

Shareholder Fees SiM Dynamic Allocation Equity Income Fund	Class A	Class C	Class I
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)	5.50%	none	none
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption price, whichever is less)	none	1.00%	none

ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses SiM Dynamic Allocation Equity Income Fund		Class A	Class C	Class I
Management Fees		0.75%	0.75%	0.75%
Distribution and Service (Rule 12b-1) Fees		0.25%	1.00%	none
Other Expenses	[1]	1.24%	1.24%	1.24%
Acquired Fund Fees and Expenses	[1]	0.23%	0.23%	0.23%
Total Annual Fund Operating Expenses		2.47%	3.22%	2.22%
Less: Fee Waiver and/or Expense Reimbursement		(0.89%)	(0.89%)	(0.89%)
Net Annual Fund Operating Expenses	[2]	1.58%	2.33%	1.33%

Example

This Example is intended to help you compare the cost of investing in the Equity
Income 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 (taking into account the Expense Cap only in
the first year).

Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example SiM Dynamic Allocation Equity Income Fund (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years
Class A	702	1,197
Class C	336	909
Class I	135	609

You would pay the following expenses if you did not redeem your shares:

Expense Example, No Redemption (USD $)	Expense Example, No Redemption, 1 Year	Expense Example, No Redemption, 3 Years
SiM Dynamic Allocation Equity Income Fund Class C	236	909

Portfolio Turnover

The Equity Income 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 Equity
Income Fund's performance.

Principal Investment Strategies of the Equity Income Fund

The Equity Income Fund is considered a "fund-of-funds" that seeks to achieve its
investment objective by primarily investing in ETFs and other exchange-traded
products such as ETNs, exchange-traded trusts and closed-end funds
(collectively, with ETFs and ETNs, "Underlying ETPs"), that offer diversified
exposure to various different types of investments, regions and sectors. The
Underlying ETPs can invest in many different types of investments, such as
equities (including common stocks and convertible securities), debt securities
of all maturities and ratings (including corporate and government debt
securities as well as mortgage-backed securities, preferred stocks and high
yield securities ("junk bonds")), commodities and REITs. The Underlying ETPs may
also have exposure to different global regions, foreign countries (including
emerging markets), and investment styles (all market capitalizations, as well as
both value and growth securities).

In addition to investing in Underlying ETPs, the Equity Income Fund may also
invest a portion of its portfolio directly in REITs and Individual Fixed Income
Securities of any maturity, some of which could include investment grade and
below investment grade (such as BBB or lower by Standard & Poor's Ratings
Services or Fitch Ratings and/or Baa or lower by Moody's Investors Service,
Inc.) securities (known as "high yield securities" or "junk bonds"). Individual
Fixed Income Securities in which the Equity Income Fund may invest include:
corporate bonds, preferred stock, bank and senior loans, emerging market debt
and Rule 144A securities.

The Equity Income Fund seeks to offer the potential for total return from a
medium to high level of capital growth and a medium level of income, with
exposure to a medium to high level of principal risk. The Equity Income Fund
generally invests at least 80% of its net assets in equity securities and at
least 10% of its net assets in fixed income securities. Investments in
Underlying ETPs that invest predominantly in equity securities are considered
equity securities for the 80% test. No more than half of the fixed income
securities will be invested in high yield securities, whether through the
Underlying ETPs or in Individual Fixed Income Securities.

The Equity Income Fund allocates its investments in the Fund Assets in
accordance with the Adviser's outlook for the economy, the financial markets and
the relative market valuations of the Fund Assets. The Adviser's outlook is
based on the Adviser's research regarding market forces affecting the economy,
capital markets, and potential investment sectors, and the Adviser's analysis of
historical and projected risk, return, and correlation between the asset classes
considered for each Fund. The Adviser then examines a number of possible Fund
portfolio compositions of available ETF and individual fixed income security
holdings. For potential ETF investments, the Adviser analyzes every individual
underlying security within each potential ETF investment. In assessing the
underlying ETF holdings, the Adviser analyzes equity styles, sectors,
industries, countries, and capitalizations, as well as bond ratings, maturities,
and interest rates. The Equity Income Fund will sell Fund Assets or reduce
investment exposure among market segments, if appropriate, when the Adviser's
research methodology as described above indicates a low relative strength of a
particular asset class, equity/fixed income style, size, sector, industry, or
country market segment, and that such market segment(s) is likely to
underperform the market as a whole.

Principal Risks of Investing in the Equity Income Fund

Losing all or a portion of your investment is a risk of investing in the Equity
Income Fund. The following additional risks could affect the value of your
investment:

Asset Allocation Risk. The selection of the Fund Assets, and the allocation of
the Fund Assets among the various market segments, may cause the Equity Income
Fund to underperform other funds with a similar investment objective that do not
employ an asset allocation strategy. Because the risks and returns of different
asset classes can vary widely over any given time period, the Equity Income
Fund's performance could suffer if a particular asset class does not perform as
expected.

Closed-End Fund Risk. Secondary market trading prices of shares of closed-end
funds should be expected to fluctuate and such prices may be higher or lower
than the net asset value of a closed-end fund's portfolio holdings. There can be
no guarantee that shares of a closed-end fund held by the Equity Income Fund
will not trade at a persistent and ongoing discount. Nor can there be any
guarantee that an active market in shares of closed-end funds held by the Equity
Income Fund will exist. The Equity Income Fund may not be able to sell
closed-end fund shares at a price equal to the net asset value of the closed-end
fund.

Exchange-Traded Investments Risk. The Equity Income Fund may invest in ETFs and
ETPs. While the risks of owning shares of an ETF or ETP generally reflect the
risks of owning the underlying investments of the ETF or ETP, lack of liquidity
in an ETF or ETP can result in its value being more volatile than the underlying
portfolio investments. Additionally, the Equity Income Fund will bear additional
expenses based on its pro rata share of the ETF's or ETP's operating expenses,
including the potential duplication of management fees.

Market Risk. The value of securities the Equity Income Fund holds or the overall
stock market may decline over short or extended periods, which may cause the
value of your investment in the Equity Income Fund to decrease.

Individual Fixed Income Securities Risk. The following risks associated with the
Equity Income Fund's investment in fixed income securities are also applicable
to the Underlying ETPs:

o  Credit Risk. The risk that a decline in the credit quality of an investment
   could cause the Fund's share price to fall. The Fund could lose money if the
   issuer or guarantor of a portfolio investment or the counterparty to a
   derivatives contract fails to make timely principal or interest payments or
   otherwise honor its obligations.

o  Fixed Income Risk. The risk that the securities may be paid off earlier or
   later than expected. Either situation could cause the Fund to hold securities
   paying lower-than-market rates of interest, which could affect the Fund's
   yield or share price, sometimes negatively.

o  High Yield Risk. The Fund may invest in high yield securities and unrated
   securities of similar credit quality (commonly known as "junk bonds"). High
   yield securities generally pay higher yields (greater income) than investment
   in higher quality securities; however, high yield securities and junk bonds
   may be subject to greater levels of interest rate, credit and liquidity risk
   than funds that do not invest in such securities, and are considered
   predominantly speculative with respect to an issuer's continuing ability to
   make principal and interest payments.

o  Interest Rate Risk . The risk that an increase in interest rates typically
   causes a decline in the value of fixed income and other debt securities. Debt
   securities with longer maturities are generally more sensitive to interest
   rate changes than those with shorter maturities.

Real Estate Investment Trusts Risk. Investments in REITs will be subject to the
risks associated with the direct ownership of real estate. Risks commonly
associated with the direct ownership of real estate include fluctuations in the
value of underlying properties, defaults by borrowers or tenants, changes in
interest rates and risks related to general or local economic conditions. This
risk is also applicable to the Underlying ETPs.

Rule 144A Securities Risk. The market for Rule 144A securities typically is less
active than the market for public securities. Rule 144A securities carry the
risk that the trading market may not continue.

Underlying Fund Investment Risk. Through its investments in the Underlying ETPs,
the Equity Income Fund will be subject to the risks associated with the
Underlying ETPs' investments, including the possibility that the value of the
securities or other assets held by an Underlying ETP could decrease. These risks
include any combination of the risks described below, although the Equity Income
Fund's exposure to a particular risk will be proportionate to the Equity Income
Fund's overall allocation and Underlying ETP's asset allocation.

o  Commodities Risk. The commodities industries can be significantly affected by
   the level and volatility of commodity prices; world events including
   international monetary and political developments; import controls and
   worldwide competition; exploration and production spending; and tax and other
   government regulations and economic conditions.

o  Concentration Risk. An Underlying ETP may, at various times, concentrate in
   the securities of a particular industry, group of industries, or sector, and
   when a fund is over weighted in an industry, group of industries, or sector,
   it may be more sensitive to any single economic, business, political, or
   regulatory occurrence than a fund that is not over weighted in an industry,
   group of industries, or sector.

o  Emerging Markets Risk. There is an increased risk of price volatility
   associated with an Underlying ETP's investments in emerging market countries,
   which may be magnified by currency fluctuations relative to the U.S. dollar.

o  Equity Risk. The prices of equity securities in which an Underlying ETP
   invests rise and fall daily. These price movements may result from factors
   affecting individual companies, industries or the securities market as a
   whole.

o  Foreign Currency Risk. Currency movements may negatively impact the value of
   an Underlying ETP's investments in securities of foreign issuers even when
   there is no change in the value of the security in the issuer's home country.
   Under normal circumstances, the Underlying ETPs do not intend to hedge against
   the risk of currency exchange rate fluctuations, but some Underlying ETPs may
   reserve the right to do so if there is extreme volatility in currency exchange
   rates.

o  Foreign Securities Risk. An Underlying ETP's investments in securities of
   foreign issuers involve certain risks including, but not limited to, risks of
   adverse changes in foreign economic, political, regulatory and other
   conditions, or changes in currency exchange rates or exchange control
   regulations (including limitations on currency movements and exchanges). In
   certain countries, legal remedies available to investors may be more limited
   than those available with respect to investments in the United States. In
   addition, the securities of some foreign companies may be less liquid and, at
   times, more volatile than securities of comparable U.S. companies.

o  "Growth" Investing Risk. An Underlying ETP may pursue a "growth style" of
   investing. Growth stocks can be volatile for several reasons. Since those
   companies usually invest a high portion of earnings in their businesses, they
   may lack the dividends of value stocks that can cushion stock prices in a
   falling market. The prices of growth stocks are based largely on projections
   of the issuer's future earnings and revenues. If a company's earnings or
   revenues fall short of expectations, its stock price may fall dramatically.

o  Income Risk. An Underlying ETP may derive dividend and interest income from
   certain of its investments. This income can vary widely over the short- and
   long-term. If prevailing market interest rates drop, distribution rates of an
   Underlying ETP's income producing investments may decline which then may
   adversely affect the Fund's value.

o  Interest Rate Risk. An Underlying ETP's investments in fixed income securities
   are subject to the risk that interest rates rise and fall over time. As with
   any investment whose yield reflects current interest rates, an Underlying
   ETP's yield will change over time. During periods when interest rates are low,
   an Underlying ETP's yield (and total return) also may be low. To the extent
   that the investment adviser (or sub-adviser) of an Underlying ETP anticipates
   interest rate trends imprecisely, the Underlying ETP could miss yield
   opportunities or its share price could fall.

o  Large-Cap Risk. An Underlying ETP may invest in large-cap companies. Returns
   on investments in stocks of large U.S. companies could trail the returns on
   investments in stocks of smaller and mid-sized companies.

o  Mid-Cap Risk. An Underlying ETP may invest in mid-cap companies. Mid-sized
   companies may be more volatile and more likely than large-capitalization
   companies to have limited product lines, markets or financial resources, or
   depend on a few key employees. Returns on investments in stocks of mid-size
   companies could trail the returns on investments in stocks of larger or
   smaller companies.

o  Small-Cap Risk. An Underlying ETP may invest in small-cap companies. Small
   capitalization companies may be more vulnerable than larger, more established
   organizations to adverse business or economic developments. In particular,
   small capitalization companies may have limited product lines, markets, and
   financial resources and may be dependent upon a relatively small management
   group. These securities may be listed on an exchange or trade
   over-the-counter, and may or may not pay dividends. During a period when the
   performance of small-cap stocks lags other types of investments - large-cap
   stocks, for instance - the Underlying ETP's performance could be reduced.

o  "Value" Investing Risk. An Underlying ETP may pursue a "value style" of
   investing. "Value style" investing as a strategy may be out of favor in the
   market for an extended period. Value stocks can perform differently from the
   market as a whole and from other types of stocks.

Performance

When the Equity Income Fund has been in operation for a full calendar year,
performance information will be shown here. Updated performance information is
available on the Fund's website at www.SiM-Funds.com or by calling the Fund
toll-free at 1-855-746-3863 (855-SIM-FUND).

[1] Other expenses and AFFE are each based on estimated amounts for the current fiscal year.

[2] The Adviser has contractually agreed to waive a portion or all of its management fees and/or pay Fund expenses in order to limit the Net Annual Fund Operating Expenses (excluding AFFE, interest, taxes and extraordinary expenses) to 1.35%, 2.10% and 1.10% of average daily net assets of the Fund's Class A, Class C and Class I shares, respectively (the "Expense Cap"). The Expense Cap will remain in effect through at least August 28, 2012, and may be terminated only by the Board. The Adviser may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date they were waived or paid, subject to the Expense Cap.