ActivePassive Global Bond Fund (Prospectus Summary) | ActivePassive Global Bond Fund

ActivePassive Global Bond Fund ("Global Bond Fund")

Investment Objectives.

Income and 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 Global Bond 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 Global Bond 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 Global Bond Fund Class A
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)	5.75%
Redemption Fee (as a percentage of amount redeemed on shares held for 5 days or less)	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		ActivePassive Global Bond Fund Class A
Management Fees		0.75%
Distribution and Service (Rule 12b-1) Fees		0.25%
Shareholder Servicing Plan Fee		0.10%
Other Expenses (includes Shareholder Servicing Plan Fees)		1.01%
Acquired Fund Fees and Expenses	[1]	0.50%
Total Annual Fund Operating Expenses		2.51%
Less: Fee Waiver and/or Expense Reimbursement	[2]	(0.81%)
Net Annual Fund Operating Expenses		1.70%

Example.

This Example is intended to help you compare the cost of investing in
the Global Bond Fund with the cost of investing in other mutual funds. The
Example assumes that you invest $10,000 in the Global Bond 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 Global Bond 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 Global Bond Fund Class A	738	1,238	1,764	3,198

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

Portfolio Turnover.

The Global Bond 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 Global Bond Fund's performance. During the most
recent fiscal year, the Global Bond Fund's portfolio turnover rate was 6% of the
average value of its portfolio.

Principal Investment Strategies.

Under normal conditions, the Global Bond Fund invests at least 80% of its net
assets, plus any borrowings for investment purposes, in U.S. and foreign bonds
(debt securities) from at least three different countries and in investment
companies, such as mutual funds or ETFs, which invest primarily in these debt
securities. The debt securities in which the Global Bond Fund may invest may
include investment grade and non-investment grade U.S. and foreign corporate
bonds and in securities issued or guaranteed by the U.S. and foreign governments,
their agencies, or instrumentalities, and supranational organizations such as
the World Bank or actively managed mutual funds as well as passive investments
in similar types of securities through mutual funds and ETFs. At least 40% of
the Fund's assets, whether invested directly in bonds or through indirect
investment in mutual funds and ETFs, are invested in foreign securities.

The Fund may invest in unrated bonds, which we consider to be of comparable
quality. Debt securities held by the Fund may have any remaining maturity. The
Fund may hold instruments denominated in any currency and may invest in
companies in emerging markets.

The Advisor generally allocates between 40% and 80% of the Global Bond Fund's
net assets for active management and between 20% and 60% of the 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 BofAML Global
Broad Market Index. The BofAML Global Broad Market Index tracks the performance
of investment grade debt publicly issued in the major domestic and Eurobond
markets, including sovereign, quasi-government, corporate, securitized and
collateralized securities. With respect to the assets allocated for active
management, the Advisor invests in various fixed income mutual funds
("underlying funds").

In selecting global fixed-income investments for the Fund, many factors,
including but not limited to yield-to-maturity, quality, liquidity, call risk,
current yield and capital appreciation potential are considered along with
country specific currency and political risks. We will revise the proportions
held in the various fixed-income securities in light of our appraisal of foreign
economies, the relative yields of securities in the various market sectors, the
investment prospects for issuers and other factors.
  
When selecting securities for the passively managed portion of the Global Bond
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.

We may sell a security due to changes in credit characteristics or outlook, as
well as changes in portfolio strategy or cash flow needs. We may also sell a
security to replace it with one that presents a better value or risk/reward
profile. By investing in the Fund, you will indirectly bear your share of any
fees and expenses charged by underlying funds, in addition to indirectly bearing
the principal risks of the underlying funds.

Principal Investment Risks.

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

o  Debt Securities Risk. Debt securities, such as notes and bonds, in which the  
   underlying mutual funds and ETFs invest are subject to credit risk and        
   interest rate risk. Credit risk is the possibility that an issuer of an       
   instrument will be unable to make interest payments or repay principal when   
   due. Changes in the financial strength of an issuer or changes in the credit  
   rating of a security may affect its value. Interest rate risk is the risk that
   interest rates may increase, which tends to reduce the resale value of certain
   debt securities, including U.S. Government obligations.                       

o  Foreign Investment Risk. Foreign securities include ADRs and similar          
   investments, including EDRs and GDRs. Foreign securities, including ADRs, EDRs
   and GDRs, 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  Emerging Markets Risk. Emerging markets may have obsolete financial systems and
   volatile currencies, and may be more sensitive than more mature markets to a   
   variety of economic factors. Emerging market securities also may be less liquid
   than securities of more developed countries and could be difficult to sell,    
   particularly during a market downturn.                                         

o  Currency Risk. Investments in foreign securities involve exposure to          
   fluctuations in foreign currency exchange rates. Such fluctuations may reduce
   the value of the Fund's investment in a foreign security.                     
  
o  U.S. Government Obligations Risk. If a government-sponsored entity is unable  
   to meet its obligations, the performance of a Fund that holds securities of   
   the entity will be adversely impacted. U.S. Government obligations are viewed
   as having minimal or no credit risk but are still subject to interest rate    
   risk.                                                                         

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 Global Bond Fund by showing changes in the Global
Bond Fund's performance from year to year and by showing how the Global Bond
Fund's average annual returns for 1 year and since inception compare with those
of a broad measure of market performance. The Global Bond Fund's past
performance, before and after taxes, is not necessarily an indication of how the
Global Bond Fund will perform in the future. Updated performance information is
available on the ActivePassive Funds' website at
http://www.activepassivefunds.com or by calling the Global Bond 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 Global Bond Fund's
highest quarterly return was 9.11% for the quarter ended June 30, 2009, and the
Global Bond Fund's lowest quarterly return was -7.26% for the quarter ended
September 30, 2008.

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

Average Annual Total Returns ActivePassive Global Bond 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	(2.92%)	3.23%	Dec. 31, 2007
Class A After Taxes on Distributions	Return After Taxes on Distributions	(3.86%)	2.27%	Dec. 31, 2007
Class A After Taxes on Distributions and Sales	Return After Taxes on Distributions and Sale of Fund Shares	(1.90%)	2.18%	Dec. 31, 2007
BofAML Global Broad Market Index	BofAML Global Broad Market Index (reflects no deduction for fees, expenses, or taxes)	5.98%	5.80%	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 Global Bond 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 Global Bond Fund to ensure that Net Annual Fund Operating Expenses (excluding AFFE, taxes, interest and extraordinary expenses) do not exceed 1.20% of average daily net assets of Class A (the "Expense Cap"). The Global Bond 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.