Huber Capital Equity Income Fund (Prospectus Summary) | Huber Capital Equity Income Fund

Huber Capital Equity Income Fund

Investment Objective

The Huber Capital Equity Income Fund (the "Equity Income Fund") seeks to achieve
current income and capital appreciation.

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 Equity Income Fund.

SHAREHOLDER FEES (fees paid directly from your investment)

Shareholder Fees Huber Capital Equity Income Fund	Investor Class	Institutional Class
Redemption Fee (as a percentage of amount redeemed on shares held 60 days or less)	1.00%	1.00%

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

Annual Fund Operating Expenses Huber Capital Equity Income Fund		Investor Class	Institutional Class
Management Fees		0.99%	0.99%
Distribution and Service (Rule 12b-1) Fees		0.25%	none	[1]
Shareholder Servicing Plan Fee		0.25%	none	[1]
Other Expenses (includes Shareholder Servicing Plan Fee)	[2]	2.07%	1.82%
Total Annual Fund Operating Expenses		3.31%	2.81%
Less: Fee Waiver and Expense Reimbursement	[3]	(1.82%)	(1.82%)
Net Annual Fund Operating Expenses		1.49%	0.99%

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 Caps
only in the first year). Although your actual costs may be higher or lower,
based on these assumptions your costs would be:

Expense Example Huber Capital Equity Income Fund (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
Investor Class	152	848	1,569	3,480
Institutional Class	101	698	1,322	3,005

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 Fund's performance.
During the most recent fiscal year, the Fund's portfolio turnover rate was 20.39% of
the average value of its portfolio.

Principal Investment Strategies

The Equity Income Fund invests primarily in a diversified portfolio of common
stocks, normally investing at least 80% of its net assets (plus borrowings for
investment purposes) in large capitalization U.S. companies ("large cap
companies") whose stocks are considered by the Adviser to be undervalued. The
Adviser currently considers large cap companies to be those with market
capitalizations in the range of those found in the Russell 1000® Value
Index. The market capitalization range of the Index changes constantly, but as
of January 31, 2012, the range was from $87.7 million to $412.5 billion,
although the portfolio will generally consist of stocks with a market
capitalization above $1 billion. The Fund also normally invests in stocks with
high cash dividends or payout yields relative to the market.

The Equity Income Fund may make significant investments in securities of
non-U.S. issuers ("foreign securities"), including issuers in emerging
markets. The Fund will invest primarily in domestic U.S. securities but reserves
the right to invest up to 20% of its net assets in American Depositary Receipts
("ADRs"), dollar-denominated foreign securities, or directly in foreign
securities.

The Adviser employs a value investing style, investing in stocks which, in the
Adviser's opinion, trade at a significant discount to the present value of
future cash flows. The Adviser attempts to identify out-of-favor stocks that
represent solid fundamental value. The Adviser identifies these investment
opportunities by employing a disciplined, bottom-up investment process that
emphasizes internally generated fundamental research. The process includes an
initial review, in-depth analysis, and employment of the Adviser's proprietary
valuation methodology.

The Adviser's decision to sell portfolio securities is based on valuation, risk
and portfolio guidelines. As individual stocks approach their intrinsic value or
established target price and decline in their relative attractiveness, they
become candidates for sale. Other sell decisions may occur because of
deterioration in the fundamentals that supported the initial
investment. Proceeds from sales are reinvested in companies that are more
attractively valued based on the purchase disciplines.

Principal Risks

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:

o  Market Risk. The value of the Equity Income Fund's shares will fluctuate as a
   result of the movement of the overall stock market or of the value of the     
   individual securities held by the Fund, and you could lose money.             

o  Equity Risk. The risks that could affect the value of the Equity Income Fund's
   shares and the total return on your investment include the possibility that   
   the equity securities held by the Fund will experience sudden, unpredictable  
   drops in value or long periods of decline in value.                           

o  Foreign Securities and Emerging Markets Risk. The Equity Income Fund may      
   invest in foreign securities and in emerging markets. These investments are   
   subject to special risks. 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 be
   less liquid and more volatile than U.S. securities, which could affect the    
   Fund's investments. In addition, the Fund may invest in emerging markets which
   are more volatile than the markets of developed countries.                    

o  Initial Public Offering ("IPO") Risk. The Equity Income Fund may purchase     
   securities of companies that are offered pursuant to an IPO. The risk exists  
   that the market value of IPO shares will fluctuate considerably due to factors
   such as the absence of a prior public market, unseasoned trading, the small   
   number of shares available for trading and limited information about the      
   issuer. The purchase of IPO shares may involve high transaction costs. IPO    
   shares are subject to market risk and liquidity risk. When the Fund's asset   
   base is small, a significant portion of the Fund's performance could be       
   attributable to investments in IPOs, because such investments would have a    
   magnified impact on the Fund. As the Fund's assets grow, the effect of the    
   Fund's investments in IPOs on the Fund's performance probably will decline,   
   which could reduce the Fund's performance.                                    

o  Management Risk. The Equity Income Fund is subject to management risk because
   it is an actively managed investment portfolio and because the Fund relies on
   the Adviser's ability to pursue the Fund's goal. The Adviser will apply its   
   investment techniques and risk analyses in making investment decisions for the
   Fund, but there can be no guarantee that its decisions will produce the       
   desired results.                                                              
  
o  Value Style Investing Risk. The Adviser follows an investing style that favors
   value investments. The value investing style may over time go in and out of   
   favor. At times when the value investing style is out of favor, the Equity    
   Income Fund may underperform other funds that use different investing styles.

o  Industry Emphasis Risk. Industry emphasis risk is the risk that the securities
   of companies in the same or related industry or group of industries, if       
   comprising a significant portion of the Equity Income Fund's portfolio, could
   react in some circumstances negatively to market conditions, interest rates   
   and economic, regulatory or financial developments and adversely affect the   
   value of the portfolio to a greater extent than if such industry or industries
   comprised a lesser portion of the Fund's portfolio.                           

Who May Want to Invest in the Fund?

The Equity Income Fund may be appropriate for investors who:

o Have a long-term investment horizon;
  
o Want to add an investment with potential for capital appreciation to diversify
  their investment portfolio; and                                                
  
o Can accept the greater risks of investing in a portfolio with common stock     
  holdings.

Performance

The following performance information indicates some of the risks of investing
in the Equity Income Fund. The bar chart illustrates the variability of the
Fund's returns by showing changes in the Fund's performance from year to
year. The table illustrates how the Fund's average annual returns for the 1-year
and since inception periods compare with those of a broad measure of market
performance, as well as an index that reflects the market sectors in which the
Fund invests. The Fund's past performance, before and after taxes, does not
necessarily indicate how it will perform in the future. The Fund's past
performance benefited from IPOs of certain issuers. To the extent the Fund's
historical performance resulted from gains derived from participation in IPOs
and secondary offerings, there is no guarantee that these results can be
replicated or that the Fund will be able to participate to the same degree in
IPO and secondary offerings in the future. Updated performance information is
available on the Fund's website at www.hubercap.com or by calling the Fund
toll-free at 888-482-3726.

Equity Income Fund, Investor Class Calendar Year Total Returns as of December 31

During the period of time shown in the bar chart, the Equity Income Fund's
highest quarterly return was 31.46% for the quarter ended June 30, 2009, and
the lowest quarterly return was -30.93% for the quarter ended December 31, 2008.

Average Annual Total Returns (For the periods ended December 31, 2011)

Average Annual Total Returns Huber Capital Equity Income Fund	Average Annual Returns, Label		Average Annual Returns, 1 Year	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
Investor Class	Return Before Taxes	[1]	5.15%	(0.87%)	Jun. 29, 2007
Investor Class After Taxes on Distributions	Return After Taxes on Distributions	[1]	5.08%	(1.30%)	Jun. 29, 2007
Investor Class After Taxes on Distributions and Sales	Return After Taxes on Distributions and Sale of Fund Shares	[1]	3.43%	(0.94%)	Jun. 29, 2007
Institutional Class	Return Before Taxes	[1]	5.16%	(0.87%)	Jun. 29, 2007
S&P 500® Index	S&P 500® Index (reflects no deduction for fees, expenses or taxes)		2.11%	(1.75%)	Jun. 29, 2007
Russell 1000® Value Index	Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes)		0.39%	(4.21%)	Jun. 29, 2007

After-tax returns are calculated using the historical highest individual federal
marginal income tax rates and do not reflect the impact of state and local
taxes. Actual after-tax returns depend on your situation and may differ from
those shown. Furthermore, the after-tax returns shown are not relevant to those
who hold their shares through tax-deferred arrangements such as 401(k) plans or
individual retirement accounts ("IRAs").
  
The Return After Taxes on Distributions and Sale of Fund Shares is higher than
other return figures when a capital loss occurs upon the redemption of Fund
shares.

[1] The Equity Income Fund's "Distribution and Service ("Rule 12b-1") Fees" and "Shareholder Servicing Plan Fee" may each accrue up to 0.25% of the average daily net assets of the Institutional Class shares; however, the accrual of each fee is currently set at 0.00% until at least February 28, 2013, and any accrual increase must first be approved by the Trust's Board of Trustees (the "Board").

[2] Other Expenses have been restated to reflect current fees.

[3] Huber Capital Management, LLC (the "Adviser") has contractually agreed to waive all or a portion of its management fees and pay expenses of the Equity Income Fund to ensure that Net Annual Fund Operating Expenses (excluding acquired fund fees and expenses ("AFFE"), interest, taxes and extraordinary expenses) do not exceed 1.49% of the average daily net assets of the Investor Class and 0.99% of the average daily net assets of the Institutional Class (the "Expense Caps"). The Expense Caps will remain in effect through at least February 28, 2013, and may be terminated only by the Trust's 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 Caps.

[1] The former Institutional Class shares were re-designated as Investor Class shares on October 25, 2011. The Investor Class incepted on June 29, 2007, and the Institutional Class incepted on October 25, 2011. Performance shown prior to the inception of the Institutional Class reflects the performance of the Investor Class and includes expenses that are not applicable to and are higher than those of the Institutional Class. After-tax returns are shown only for the Investor Class; after-tax returns for the Institutional Class will vary.