ActivePassive Small/Mid Cap Fund (Prospectus Summary) | ActivePassive Small/Mid Cap Fund

ActivePassive Small/Mid Cap Fund ("Small/Mid Cap Fund")

Investment Objective.

Long term capital appreciation.

Fund Fees and Expenses.

This table describes the fees and expenses that you may pay if you buy
and hold shares of the Small/Mid Cap Fund. You may qualify for sales charge
discounts if you and your family invest, or agree to invest in the future,
at least $25,000 in the Small/Mid Cap Fund's Class A Shares. More
information about these and other discounts is available from your financial
professional and in the "More About Class A Shares" section on page 74 of this
Prospectus and the "Breakpoints/Volume Discounts and Sales Charge Waivers"
section on page 57 of the SAI.

SHAREHOLDER FEES (fees paid directly from your investment)

Shareholder Fees	ActivePassive Small/Mid Cap Fund Class A
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)	5.75%

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

Annual Fund Operating Expenses		ActivePassive Small/Mid Cap Fund Class A
Management Fees		0.80%
Distribution and Service (Rule 12b-1) Fees		0.25%
Shareholder Servicing Plan Fee		0.10%
Other Expenses (includes Shareholder Servicing Plan Fees)		0.76%
Acquired Fund Fees and Expenses	[1]	0.12%
Total Annual Fund Operating Expenses		1.93%
Less: Fee Waiver and/or Expense Reimbursement	[2]	(0.31%)
Net Annual Fund Operating Expenses		1.62%

Example.

This Example is intended to help you compare the cost of investing in
the Small/Mid Cap Fund with the cost of investing in other mutual funds. The
Example assumes that you invest $10,000 in the Small/Mid Cap 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 Small/Mid Cap 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
ActivePassive Small/Mid Cap Fund Class A	730	1,117	1,528	2,672

The Example reflects sales charges (loads). If these sales charges (loads) were
not included, your costs would be lower.

Portfolio Turnover.

The Small/Mid Cap 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 Small/Mid Cap Fund's performance. During the most
recent fiscal year, the Small/Mid Cap Fund's portfolio turnover rate was 34% of
the average value of its portfolio.

Principal Investment Strategies.

Under normal conditions, the Small/Mid Cap Fund invests at least 80%
of its net assets, plus any borrowings for investment purposes, directly
in equity securities of small and medium capitalization U.S. companies
and in investment companies, such as mutual funds or ETFs, which invest
primarily in those types of equity securities.

The Small/Mid Cap Fund defines small and medium capitalization stocks as stocks
of those companies represented by the Russell 2500TM Index. As of the most
recent reconstitution, companies in the Russell 2500TM Index have market
capitalizations ranging from $130 million to $7.1 billion. The Small/Mid Cap
Fund's investments in equity securities may include direct investments in common
stocks, preferred stocks, convertible securities of companies that the Advisor
or Sub-Advisor believe have the potential for growth or value, real estate
investment trusts ("REITs"), and actively managed mutual funds, as well as
passive investments in similar types of securities through ETFs and mutual
funds. The Fund may also invest up to 15% of its net assets in ADRs and GDRs.

The Advisor generally allocates between 40% and 80% of the Small/Mid Cap Fund's
net assets to active management and between 20% and 60% of the Small/Mid Cap
Fund's net assets for passive management. Passive management (also known as
indexing) is a management approach based on mirroring an index's
performance. The passively managed portion of the Fund seeks to track the
performance of the Russell 2500TM Index. The Russell 2500™ Index measures the
performance of the small to mid-cap segment of the U.S. equity universe. The
Advisor has hired Eagle Asset Management, Inc. ("Eagle") to provide its
expertise and recommendations regarding the securities in which the Small/Mid
Cap Fund should directly invest. Equity securities used in this strategy are
generally believed to have the potential for growth or to be trading for less
than their intrinsic value, in comparison to other available
investments. Favorable characteristics for growth companies would include
companies that have leadership positions in their markets or likely to become
leaders in their respective industries, companies with strong balance sheets,
companies with experienced management, and companies that have a consistent
history of earnings stability and growth or a strong potential for steady
growth. Favorable characteristics for value companies would include companies
that have equal or above dividend yield compared to that of the benchmark,
companies that have low price/book value, companies that have low price/earnings
ratio, companies that have high assets to liabilities ratio, companies that have
strong management ownership and companies that have low price/cash flow. These
characteristics are not limiting factors but may have a significant weight in
the selection of securities for the Small/Mid Cap Fund.
  
When selecting securities for the passively managed portion of the Small/Mid Cap
Fund, the Advisor examines characteristics that include tracking error vs.
benchmark, liquidity, expenses and size, if the underlying index provides a true
representation of the Fund's investment category, and if the investment
complements the Fund's active component. The Advisor then selects one or more of
these securities to achieve the desired exposure to the investment category.

The Advisor or Sub-Advisor may choose to sell a security when either believes
the security no longer offers attractive growth prospects or when the Advisor or
Sub-Advisor wish to take advantage of a better investment opportunity.

Principal Investment Risks.

Losing a portion or all of your investment is a risk of investing in the
Small/Mid Cap Fund. The following principal risks could affect the value
of your investment:

o  Stock Market Risk. Funds that invest in equity securities are subject to stock
   market risks and significant fluctuations in value. If the stock market       
   declines in value, the Small/Mid Cap Fund's share price is likely to decline  
   in value.                                                                     

o  Smaller Company Securities Risk: Securities of companies with smaller market  
   capitalizations tend to be more volatile and less liquid than larger company  
   stocks. Smaller companies may have no or relatively short operating histories,
   or be newly public companies.                                                 

o  Foreign Investment Risk. Foreign securities include ADRs and similar          
   investments, including EDRs and GDRs. Foreign securities may be subject to    
   more risks than U.S. domestic investments. These additional risks may         
   potentially include lower liquidity, greater price volatility and risks       
   related to adverse political, regulatory, market or economic                  
   developments. Foreign companies also may be subject to significantly higher   
   levels of taxation than U.S. companies, including potentially confiscatory    
   levels of taxation, thereby reducing the earnings potential of such foreign   
   companies.                                                                    

o  Growth Style Investment Risk. Growth stocks can perform differently from the  
   market as a whole and from other types of stocks. While growth stocks may     
   react differently to issuer, political, market and economic developments than
   the market as a whole and other types of stocks by rising in price in certain
   environments, growth stocks also tend to be sensitive to changes in the       
   earnings of their underlying companies and more volatile than other types of  
   stocks, particularly over the short term.                                     
  
o  Value Style Investment Risk. Value stocks can perform differently from the    
   market as a whole and from other types of stocks. Value stocks may be         
   purchased based upon the belief that a given security may be out of favor;    
   that belief may be misplaced or the security may stay out of favor for an     
   extended period of time.                                                      

o  REIT Securities Risk. The performance of equity and mortgage REITs depends on
   the performance of the portfolio investments of the REIT in real estate and/or
   mortgages. Equity REITs may be affected by any changes in the value of the    
   underlying property owned by the trusts. Mortgage REITs may be affected by the
   quality of any credit extended and by special tax rules that apply to certain
   investments in securitized pools of mortgages.                                

o  Industry or Sector Emphasis Risk. Investing a substantial portion of the      
   Small/Mid Cap Fund's assets in related industries or sectors may have greater
   risks because companies in these industries or sectors may share common       
   characteristics and may react similarly to market developments.               

o  Mutual Fund and ETF Trading Risk. The Fund may invest in other mutual funds   
   that are either open-end or closed-end investment companies as well as        
   ETFs. ETFs are investment companies that are bought and sold on a national    
   securities exchange. Unlike mutual funds, ETFs do not necessarily trade at the
   net asset values of their underlying securities, which means an ETF could     
   potentially trade above or below the value of the underlying                  
   portfolios. Additionally, because ETFs trade like stocks on exchanges, they   
   are subject to trading and commission costs unlike mutual funds. Also, both   
   mutual funds and ETFs have management fees that are part of their costs, and  
   the Fund will indirectly bear its proportionate share of these costs.         

o  Management Risk. Management risk means that your investment in the Fund varies
   with the success and failure of the Advisor's investment strategies and the   
   Advisor's research, analysis and determination of portfolio securities.       

o  Issuer Risk. The value of a security may decline for a number of reasons,     
   which directly relate to the issuer, such as management performance, financial
   leverage, and reduced demand for the issuer's goods and services.

Performance.

The following performance information provides some indication of the
risks of investing in the Small/Mid Cap Fund by showing changes in the
Small/Mid Cap Fund's performance from year to year and by showing how the
Small/Mid Cap Fund's average annual returns for 1 year and since inception
compare with those of a broad measure of market performance. The Small/Mid Cap
Fund's past performance, before and after taxes, is not necessarily an
indication of how the Small/Mid Cap Fund will perform in the future. Updated
performance information is available on the Funds' website at
http://www.activepassivefunds.com or by calling the Small/Mid Cap Fund toll-free
at 1-877-273-8635.

Annual Returns as of 12/31

Sales charges are not reflected in the bar chart. If these amounts were
reflected, returns would be less than those shown.

During the period of time displayed in the bar chart, the Small/Mid Cap Fund's
highest quarterly return was 20.00% for the quarter ended June 30, 2009, and the
Small/Mid Cap Fund's lowest quarterly return was -29.19% for the quarter ended
December 31, 2008.

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

Average Annual Total Returns ActivePassive Small/Mid Cap Fund	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
Class A	Return Before Taxes	(9.40%)	(4.63%)	Dec. 31, 2007
Class A After Taxes on Distributions	Return After Taxes on Distributions	(9.57%)	(4.67%)	Dec. 31, 2007
Class A After Taxes on Distributions and Sales	Return After Taxes on Distributions and Sale of Fund Shares	(5.89%)	(3.89%)	Dec. 31, 2007
Russell 2500 TM Index	Russell 2500TM Index (reflects no deduction for fees, expenses, or taxes)	(2.51%)	1.21%	Dec. 31, 2007

After-tax returns are calculated using the historically highest individual
federal marginal income tax rates and do not reflect the impact of state and
local taxes. Actual after-tax returns depend on an investor's tax situation and
may differ from those shown, and after-tax returns are not relevant to investors
who hold their Fund shares through tax-deferred arrangements such as 401(k)
plans or 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 Net Annual Fund Operating Expenses do not correlate to the "Ratio of Expenses to Average Net Assets After Advisory Fee Waiver" in the Financial Highlights of the statutory prospectus, which reflects the operating expenses of the Small/Mid Cap Fund and does not include AFFE.

[2] The Advisor has contractually agreed to waive all or a portion of its management fees and pay expenses of the Small/Mid Cap Fund to ensure that Net Annual Fund Operating Expenses (excluding AFFE, taxes, interest and extraordinary expenses) do not exceed 1.50% of average daily net assets of Class A (the "Expense Cap"). The Small/Mid Cap Fund's Expense Cap will remain in effect through at least February 28, 2013, and may be terminated only by 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.