Coldstream Dividend Growth Fund (Prospectus Summary) | Coldstream Dividend Growth Fund

SUMMARY SECTION

Investment Objective

The Coldstream Dividend Growth Fund (the "Fund") seeks dividend income while maintaining exposure
to the market.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy and hold No Load shares of
the Fund.

SHAREHOLDER FEES (fees paid directly from your investment) None

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

Annual Fund Operating Expenses		Coldstream Dividend Growth Fund No Load Class
Management Fees		0.85%
Other Expenses		0.62%
Total Annual Fund Operating Expenses		1.47%
Less: Fee Waiver and/or Expense Reimbursement	[1]	(0.21%)
Net Annual Fund Operating Expenses	[1]	1.26%

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 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 (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
Coldstream Dividend Growth Fund No Load Class	128	444	783	1,739

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 period, the
Fund's portfolio turnover rate was 24.38%.

Principal Investment Strategies

The Fund will, under normal circumstances, invest at least 80% of its net assets
in dividend-paying common stocks. The Fund invests primarily in the common
stocks of domestic large capitalization companies with market capitalizations
above $10 billion that have strong growth potential and attractive dividend and
yield opportunities. The Fund may also hold American Depositary Receipts
("ADRs"), European Depositary Receipts ("EDRs") and Global Depositary Receipts
("GDRs") of non-U.S. companies up to 20% of the Fund's net assets.

The Advisor employs a "bottom-up" strategy in developing the Fund's portfolio and
targets 30 to 40 individual stock holdings. The Advisor selects securities for
investment based upon proprietary screens that combine both fundamental and technical
analysis. Each stock considered for purchase must have: (i) a current yield of at
least 1.6%, (ii)  five-year earnings growth of at least 5% per year, (iii)  five-year
dividend growth of at least 3.5% per year, and (iv) a strong financial profile. While
these are minimum requirements, the Advisor seeks companies that are expected to grow
their annual dividend at a double digit rate. Once these fundamental requirements are
met, each stock is subjected to a series of technical screens to determine whether or
not there is adequate market sponsorship for the company.

If a security passes both the fundamental and technical screens, then it is
subjected to a thorough price analysis. The Advisor uses a disciplined process
to attempt to ensure that securities are purchased at a favorable price. Factors
considered include price/earnings ("P/E") growth ratio, current P/E, historic
P/E, moving average price, sector strength, sector multiples and changes in
expected future earnings. The Advisor may also consider other factors as it
deems appropriate. Sector allocation is a residual of the stock selection
process and portfolios may not be diversified across all sectors. The Fund may
from time to time emphasize investments in certain sectors of the market. The
Fund's strategy strives to reduce volatility by limiting individual position
sizes to 5% of the Fund's total assets and by limiting single industry exposure
to less than 25% of the Fund's total assets.

Target prices are developed for each security, but the Advisor does not have a
strict sell discipline. The Advisor believes that in times of extreme market
volatility, a strict sell discipline would require wholesale liquidations
resulting in extremely large cash positions. Under most circumstances, the
Advisor will not hold cash positions in excess of 15% of the Fund's net assets
in order to maintain participation in growth opportunities in the overall market
but will consider cash positions in excess of this threshold under certain
market or economic conditions.

Principal Investment Risks

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

·  Management Risk - If the Advisor's investment strategies do not produce the
   expected results, the value of the Fund would decrease.

·  Market Risk - Either the stock market as a whole, or the value of an
   individual company, goes down resulting in a decrease in the value of the
   Fund.

·  Newer Fund Risk - The Fund is newer with limited operating history and there
   can be no assurance that the Fund will grow to or maintain an economically
   viable size, in which case the Board may determine to liquidate the Fund.

·  Sector Risk - To the extent the Fund invests a significant portion of its
   assets in the securities of companies in the same sector of the market, the
   Fund is more susceptible to economic, political, regulatory and other
   occurrences influencing those sectors.

·  Foreign Securities Risk - Foreign securities can be more volatile than
   domestic (U.S.) securities. Securities markets of other countries are
   generally smaller than U.S. securities markets. Many foreign securities may
   also be less liquid than U.S. securities, which could affect the Fund's
   investments.

·  Investment Style Risk - The Fund's investments in dividend-paying common
   stocks may cause the Fund to underperform funds that do not limit their
   investments to dividend-paying common stocks during periods when
   dividend-paying stocks underperform other types of stocks. In addition, if
   stocks held by the Fund reduce or stop paying dividends, the Fund's ability
   to generate income may be affected.

Performance

When the 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.coldstream.com or by calling the Fund toll-free at
1-877-476-1909.

[1] Coldstream Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and/or pay Fund expenses (excluding acquired fund fees and expenses ("AFFE"), interest, taxes and extraordinary expenses) in order to limit Net Annual Fund Operating Expenses to 1.25% of average daily net assets (the "Expense Cap"). The Expense Cap will remain in effect through at least July 29, 2012, and may be terminated only by the Trust's Board of Trustees (the "Board"). The Advisor 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.