ActivePassive Large Cap Value Fund (Prospectus Summary) | ActivePassive Large Cap Value Fund

ActivePassive Large Cap Value Fund ("Large Cap Value 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 Large Cap Value 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 Large Cap Value 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 Large Cap Value 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 Large Cap Value 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)		0.74%
Acquired Fund Fees and Expenses	[1]	0.07%
Total Annual Fund Operating Expenses		1.81%
Less: Fee Waiver and/or Expense Reimbursement	[2]	(0.54%)
Net Annual Fund Operating Expenses		1.27%

Example.

This Example is intended to help you compare the cost of investing in
the Large Cap Value Fund with the cost of investing in other mutual funds. The
Example assumes that you invest $10,000 in the Large Cap Value 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 Large Cap Value 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 Large Cap Value Fund Class A	697	1,062	1,451	2,537

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

Portfolio Turnover.

The Large Cap Value 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 Large Cap Value Fund's performance. During the
most recent fiscal year, the Large Cap Value Fund's portfolio turnover rate was
23% of the average value of its portfolio.

Principal Investment Strategies.

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

The Large Cap Value Fund defines large capitalization stocks as stocks of those
companies represented by the Russell 1000® Index. As of the most recent
reconstitution, companies in the Russell 1000® Index have market capitalizations
ranging from $1.6 billion to $411 billion. The Large Cap Value Fund's
investments may include direct investments in common stocks, preferred stocks,
convertible securities of companies that we believe have intrinsic value, and
actively managed mutual funds, as well as passive investments in those 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 Fund
may also invest up to 20% of its net assets in equity securities of medium
capitalization U.S. companies.

The Advisor generally allocates between 20% and 60% of the Large Cap Value
Fund's net assets to active management and between 40% and 80% 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 Russell 1000®
Value Index. The Russell 1000® Value Index measures the performance of the
large-cap value segment of the U.S. equity universe. The Advisor has hired C.S.
McKee, L.P. ("C.S. McKee") to provide its expertise and recommendations
regarding the securities in which the Large Cap Value Fund should directly
invest. Equity securities used in this strategy are generally believed to be
trading for less than their intrinsic value. The determination of whether a
security of a particular company is a "value stock" is based upon a comparison
of the security's current market price to the company's fundamentals. Favorable
characteristics 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
Large Cap Value Fund.
  
When selecting securities for the passively managed portion of the Large Cap
Value 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 choose to sell a security when we believe it has achieved its valuation
target, there is deterioration in the underlying fundamentals of the business,
or we have identified a more attractive investment opportunity.

Principal Investment Risks.

Losing a portion or all of your investment is a risk of investing in the Large
Cap Value 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 Large Cap Value Fund's share price is likely to decline
   in value.                                                                     

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  Industry or Sector Emphasis Risk. Investing a substantial portion of the Large
   Cap Value 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  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  Medium-Sized Companies Risk. Medium-sized companies may be more vulnerable to
   adverse business or economic events than stocks of larger companies. Investing
   in securities of medium-sized companies involves greater risk than investing  
   in larger, more established companies because they can be subject to more     
   abrupt or erratic share price changes than larger, more established companies.
  
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 Large Cap Value Fund by showing changes in the
Large Cap Value Fund's performance from year to year and by showing how the
Large Cap Value Fund's average annual returns for 1 year and since inception
compare with those of a broad measure of market performance. The Large Cap Value
Fund's past performance, before and after taxes, is not necessarily an
indication of how the 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 Large Cap Value 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 Large Cap Value Fund's
highest quarterly return was 16.73% for the quarter ended June 30, 2009, and the
Fund's lowest quarterly return was -20.45% for the quarter ended December 31,
2008.

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

Average Annual Total Returns ActivePassive Large Cap Value 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	(6.77%)	(5.47%)	Dec. 31, 2007
Class A After Taxes on Distributions	Return After Taxes on Distributions	(7.24%)	(5.71%)	Dec. 31, 2007
Class A After Taxes on Distributions and Sales	Return After Taxes on Distributions and Sale of Fund Shares	(3.76%)	(4.60%)	Dec. 31, 2007
Russell 1000 ® Value Index	Russell 1000® Value Index (reflects no deduction for fees, expenses, or taxes)	0.39%	(3.24%)	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 Large Cap Value 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 Large Cap Value 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 Large Cap Value 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.