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

Coldstream Dividend Growth Fund

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		0.46%
Total Annual Fund Operating Expenses	[1]	1.31%
Less: Fee Waiver and/or Expense Reimbursement	[2]	(0.05%)
Net Annual Fund Operating Expenses	[2]	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	410	713	1,575

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 year, the Fund's
portfolio turnover rate was 56.12%.

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 in an amount of up to 20% of the Fund's net
assets. Additionally, the Fund may invest up to 15% of its net assets in
publically traded Master Limited Partnerships ("MLPs").
  
The Advisor employs a "bottom-up" strategy in developing the Fund's portfolio
and targets 35 to 45 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.                                                                         
  
·  Master Limited Partnership Risk - Investments in securities (units) of MLPs   
   involve risks that differ from an investment in common stock. To the extent   
   that an MLP's interests are all in a particular industry, the MLP will be     
   negatively impacted by economic events adversely impacting that               
   industry. Additionally, holders of the units of MLPs have more limited control
   and limited rights to vote on matters affecting the partnership. There are    
   also certain tax risks associated with an investment in units of MLPs.        
  
·  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

The following performance information provides some indication of the risks of
investing in the Fund. The bar chart shows the Fund's annual return for one
year. The table shows how the Fund's average annual returns for 1-year and since
inception compare with those of broad measures of market performance. The Fund's
past performance, before and after taxes, does not necessarily indicate how it
will perform in the future. Updated performance information is available by
calling 1-877-476-1909 or by visiting www.coldstream.com.

Calendar Year Total Return as of December 31

^[1]

During the period of time shown in the bar chart, the Fund's highest quarterly
return was 10.69% for the quarter ended December 31, 2011, and the lowest
quarterly return was -13.64% for the quarter ended September 30, 2011.

Average Annual Total Returns (for the period ended December 31, 2011)

Average Annual Total Returns Coldstream Dividend Growth Fund	Label	1 Year	Since Inception	Inception Date
No Load Class	Return Before Taxes	3.31%	7.06%	Sep. 30, 2010
No Load Class After Taxes on Distributions	Return After Taxes on Distributions	3.13%	6.87%	Sep. 30, 2010
No Load Class After Taxes on Distributions and Sales	Return After Taxes on Distributions and Sale of Fund Shares	2.39%	6.00%	Sep. 30, 2010
Russell 1000® Value Index	Russell 1000® Value Index (reflects no deduction for fees, expenses, or taxes)	0.39%	8.67%	Sep. 30, 2010
S&P 500® Index	S&P 500® Index (reflects no deduction for fees, expenses, or taxes)	2.11%	10.33%	Sep. 30, 2010

The after-tax returns were 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 an investor's tax situation and
may differ from those shown, and after-tax returns are not relevant to investors
who hold shares of the Fund through tax-deferred arrangements, such as 401(k)
plans or individual retirement accounts ("IRAs").

[1] Total Annual Fund Operating Expenses do not correlate to the Ratio of Expenses to Average Net Assets Before Advisory Fee Waiver in the Financial Highlights section of the statutory prospectus, which reflects the operating expenses of the Fund and does not include the 0.01% attributed to acquired fund fees and expenses ("AFFE").

[2] Coldstream Capital Management, Inc. (the "Advisor") has contractually agreed to waive a portion or all of its management fees and pay Fund expenses (excluding 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 28, 2013, 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.

[1] The Fund's year-to-date return as of June 30, 2012 was 4.09%.