SiM Dynamic Allocation Equity Income Fund (Prospectus Summary) | SiM Dynamic Allocation Equity Income Fund

SiM Dynamic Allocation Equity Income Fund (the "Equity Income Fund")

Investment Objective

The Equity Income Fund seeks to provide total return, consisting primarily of
long-term capital appreciation with growth of income.

Fees and Expenses of the Equity Income Fund

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Equity Income Fund. You may qualify for sales charge discounts if
you and your family invest, or agree to invest in the future, at least $50,000
in the SiM Funds. More information about these and other discounts is available
from your financial professional and in the "Shareholder Information" section on
page 18 of the Fund's Prospectus and the "Additional Purchase and Redemption
Information" section on page 35 of the Fund's SAI.

SHAREHOLDER FEES (fees paid directly from your investment)

Shareholder Fees SiM Dynamic Allocation Equity Income Fund	Class A	Class C	Class I
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)	5.50%	none	none
Maximum Deferred Sales Charge (Load) (as a percentage of original purchase price or redemption price, whichever is less)	none	1.00%	none

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

Annual Fund Operating Expenses SiM Dynamic Allocation Equity Income Fund		Class A	Class C	Class I
Management Fees		0.75%	0.75%	0.75%
Distribution and Service (Rule 12b-1) Fees		0.25%	1.00%	none
Other Expenses		1.58%	0.97%	1.58%
Acquired Fund Fees and Expenses		0.24%	0.24%	0.24%
Total Annual Fund Operating Expenses	[1]	2.82%	2.96%	2.57%
Less: Fee Waiver and/or Expense Reimbursement	[2]	(1.23%)	(0.62%)	(1.23%)
Net Annual Fund Operating Expenses		1.59%	2.34%	1.34%

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 SiM Dynamic Allocation 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
Class A	703	1,266	1,854	3,440
Class C	337	857	1,503	3,236
Class I	136	682	1,255	2,813

You would pay the following expenses if you did not redeem your shares:

Expense Example, No Redemption (USD $)	Expense Example, No Redemption, 1 Year	Expense Example, No Redemption, 3 Years	Expense Example, No Redemption, 5 Years	Expense Example, No Redemption, 10 Years
SiM Dynamic Allocation Equity Income Fund Class C	237	857	1,503	3,236

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 period, the Fund's portfolio turnover rate was 18.30%
of the average value of its portfolio.

Principal Investment Strategies of the Equity Income Fund

The Equity Income Fund is considered a "fund-of-funds" that seeks to achieve its
investment objective by primarily investing in ETFs and other exchange-traded
products such as ETNs, exchange-traded trusts and closed-end funds (collectively,
with ETFs and ETNs, "Underlying ETPs"), that offer diversified exposure to
various different types of investments, regions and sectors. The Underlying ETPs
can invest in many different types of investments, such as equities (including
common stocks and convertible securities), debt securities of all maturities and
ratings (including corporate and government debt securities as well as mortgage-
backed securities, preferred stocks and high yield securities ("junk bonds")),
commodities and REITs. The Underlying ETPs may also have exposure to different
global regions, foreign countries (including emerging markets), and investment
styles (all market capitalizations, as well as both value and growth securities).

In addition to investing in Underlying ETPs, the Equity Income Fund may also
invest a portion of its portfolio directly in REITs and Individual Fixed Income
Securities of any maturity, some of which could include investment grade and
below investment grade (such as BBB or lower by Standard & Poor's Ratings
Services or Fitch Ratings and/or Baa or lower by Moody's Investors Service, Inc.)
securities (known as "high yield securities" or "junk bonds"). Individual Fixed
Income Securities in which the Equity Income Fund may invest include: corporate
bonds, preferred stock, bank and senior loans, emerging market debt and Rule
144A securities.

The Equity Income Fund seeks to offer the potential for total return from a
medium to high level of capital growth and a medium level of income, with
exposure to a medium to high level of principal risk. The Equity Income Fund
generally invests at least 80% of its net assets in equity securities and at
least 10% of its net assets in fixed income securities. Investments in
Underlying ETPs that invest predominantly in equity securities are considered
equity securities for the 80% test. No more than half of the fixed income
securities will be invested in high yield securities, whether through the
Underlying ETPs or in Individual Fixed Income Securities.

The Equity Income Fund allocates its investments in the Fund Assets in accordance
with the Adviser's outlook for the economy, the financial markets and the relative
market valuations of the Fund Assets. The Adviser's outlook is based on the
Adviser's research regarding market forces affecting the economy, capital markets,
and potential investment sectors, and the Adviser's analysis of historical and
projected risk, return, and correlation between the asset classes considered
for each Fund. The Adviser then examines a number of possible Fund portfolio
compositions of available ETF and individual fixed income security holdings.
For potential ETF investments, the Adviser analyzes every individual underlying
security within each potential ETF investment. In assessing the underlying ETF
holdings, the Adviser analyzes equity styles, sectors, industries, countries,
and capitalizations, as well as bond ratings, maturities, and interest rates.
The Equity Income Fund will sell Fund Assets or reduce investment exposure among
market segments, if appropriate, when the Adviser's research methodology as
described above indicates a low relative strength of a particular asset class,
equity/fixed income style, size, sector, industry, or country market segment,
and that such market segment(s) is likely to underperform the market as a whole.

Principal Risks of Investing in the Equity Income Fund

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:

Asset Allocation Risk. The selection of the Fund Assets, and the allocation of
the Fund Assets among the various market segments, may cause the Equity Income
Fund to underperform other funds with a similar investment objective that do not
employ an asset allocation strategy. Because the risks and returns of different
asset classes can vary widely over any given time period, the Equity Income
Fund's performance could suffer if a particular asset class does not perform as
expected.

Closed-End Fund Risk. Secondary market trading prices of shares of closed-end
funds should be expected to fluctuate and such prices may be higher or lower
than the NAV of a closed-end fund's portfolio holdings. There can be no guarantee
that shares of a closed-end fund held by the Equity Income Fund will not trade
at a persistent and ongoing discount. Nor can there be any guarantee that an
active market in shares of closed-end funds held by the Equity Income Fund will
exist. The Equity Income Fund may not be able to sell closed-end fund shares at
a price equal to the NAV of the closed-end fund.

Exchange-Traded Investments Risk. The Equity Income Fund may invest in ETFs and
ETNs. While the risks of owning shares of an ETF or ETN generally reflect the
risks of owning the underlying investments of the ETF or ETN, lack of liquidity
in an ETF or ETN can result in its value being more volatile than the underlying
portfolio investments. While ETFs and ETNs have historically traded at or near
the value of their underlying assets, there is no guarantee that they will
continue to do so and such shares can trade at prices higher or lower than the
value of their underlying assets.

Market Risk. The value of securities the Equity Income Fund holds or the overall
stock market may decline over short or extended periods, which may cause the
value of your investment in the Equity Income Fund to decrease.

Individual Fixed Income Securities Risk. The following risks associated with the
Equity Income Fund's investment in fixed income securities are also applicable
to the Underlying ETPs:

·  Credit Risk. The risk that a decline in the credit quality of an investment   
   could cause the Fund's share price to fall. The Fund could lose money if the  
   issuer or guarantor of a portfolio investment or the counterparty to a        
   derivatives contract fails to make timely principal or interest payments or   
   otherwise honor its obligations.                                              
                                                                                 
·  Fixed Income Risk. The risk that the securities may be paid off earlier or    
   later than expected. Either situation could cause the Fund to hold securities
   paying lower-than-market rates of interest, which could affect the Fund's     
   yield or share price, sometimes negatively.                                   

·  High Yield Risk. The Fund may invest in high yield securities and unrated     
   securities of similar credit quality (commonly known as "junk bonds"). High   
   yield securities generally pay higher yields (greater income) than investment
   in higher quality securities; however, high yield securities and junk bonds   
   may be subject to greater levels of interest rate, credit and liquidity risk  
   than funds that do not invest in such securities, and are considered          
   predominantly speculative with respect to an issuer's continuing ability to   
   make principal and interest payments.                                         

·  Interest Rate Risk. The risk that an increase in interest rates typically     
   causes a decline in the value of fixed income and other debt securities. Debt
   securities with longer maturities are generally more sensitive to interest    
   rate changes than those with shorter maturities.                              

Real Estate Investment Trusts Risk. Investments in REITs will be subject to
the risks associated with the direct ownership of real estate. Risks commonly
associated with the direct ownership of real estate include fluctuations in the
value of underlying properties, defaults by borrowers or tenants, changes in
interest rates and risks related to general or local economic conditions. This
risk is also applicable to the Underlying ETPs.

Rule 144A Securities Risk. The market for Rule 144A securities typically is less
active than the market for public securities. Rule 144A securities carry the
risk that the trading market may not continue.

Underlying Fund Investment Risk. Through its investments in the Underlying ETPs,
the Equity Income Fund will be subject to the risks associated with the
Underlying ETPs' investments, including the possibility that the value of the
securities or other assets held by an Underlying ETP could decrease. These risks
include any combination of the risks described below, although the Equity Income
Fund's exposure to a particular risk will be proportionate to the Equity Income
Fund's overall allocation and Underlying ETP's asset allocation. Additionally,
the Equity Income Fund will bear additional expenses based on its pro rata share
of the Underlying ETP's operating expenses, including the potential duplication
of management fees.

·  Commodities Risk. The commodities industries can be significantly affected by
   the level and volatility of commodity prices; world events including international
   monetary and political developments; import controls and worldwide competition;
   exploration and production spending; and tax and other government regulations
   and economic conditions.                               

·  Concentration Risk. An Underlying ETP may, at various times, concentrate in   
   the securities of a particular industry, group of industries, or sector, and  
   when a fund is over weighted in an industry, group of industries, or sector,  
   it may be more sensitive to any single economic, business, political, or      
   regulatory occurrence than a fund that is not over weighted in an industry,   
   group of industries, or sector.                                               
                                                                                 
·  Emerging Markets Risk. There is an increased risk of price volatility associated
   with an Underlying ETP's investments in emerging market countries, which may be
   magnified by currency fluctuations relative to the U.S. dollar.  
                                                                                 
·  Equity Risk. The prices of equity securities in which an Underlying ETP       
   invests rise and fall daily. These price movements may result from factors    
   affecting individual companies, industries or the securities market as a      
   whole.                                                                        

·  Foreign Currency Risk. Currency movements may negatively impact the value of  
   an Underlying ETP's investments in securities of foreign issuers even when    
   there is no change in the value of the security in the issuer's home country.
   Under normal circumstances, the Underlying ETPs do not intend to hedge against
   the risk of currency exchange rate fluctuations, but some Underlying ETPs may
   reserve the right to do so if there is extreme volatility in currency exchange
   rates.                                                                        
                                                                                 
·  Foreign Securities Risk. An Underlying ETP's investments in securities of     
   foreign issuers involve certain risks including, but not limited to, risks of
   adverse changes in foreign economic, political, regulatory and other conditions,
   or changes in currency exchange rates or exchange control regulations (including
   limitations on currency movements and exchanges). In certain countries, legal
   remedies available to investors may be more limited than those available with
   respect to investments in the United States. In addition, the securities of
   some foreign companies may be less liquid and, at times, more volatile than
   securities of comparable U.S. companies.            
                                                                                 
·  "Growth" Investing Risk. An Underlying ETP may pursue a "growth style" of     
   investing. Growth stocks can be volatile for several reasons. Since those     
   companies usually invest a high portion of earnings in their businesses, they
   may lack the dividends of value stocks that can cushion stock prices in a     
   falling market. The prices of growth stocks are based largely on projections  
   of the issuer's future earnings and revenues. If a company's earnings or      
   revenues fall short of expectations, its stock price may fall dramatically.   
  
·  Income Risk. An Underlying ETP may derive dividend and interest income from   
   certain of its investments. This income can vary widely over the short- and   
   long-term. If prevailing market interest rates drop, distribution rates of an
   Underlying ETP's income producing investments may decline which then may      
   adversely affect the Fund's value.                                            
                                                                                 
·  Interest Rate Risk. An Underlying ETP's investments in fixed income securities
   are subject to the risk that interest rates rise and fall over time. As with  
   any investment whose yield reflects current interest rates, an Underlying     
   ETP's yield will change over time. During periods when interest rates are low,
   an Underlying ETP's yield (and total return) also may be low. To the extent   
   that the investment adviser (or sub-adviser) of an Underlying ETP anticipates
   interest rate trends imprecisely, the Underlying ETP could miss yield         
   opportunities or its share price could fall.                                  
                                                                                 
·  Large-Cap Risk. An Underlying ETP may invest in large-cap companies. Returns  
   on investments in stocks of large U.S. companies could trail the returns on   
   investments in stocks of smaller and mid-sized companies.                     
                                                                             
·  Mid-Cap Risk. An Underlying ETP may invest in mid-cap companies. Mid-sized    
   companies may be more volatile and more likely than large-capitalization      
   companies to have limited product lines, markets or financial resources, or   
   depend on a few key employees. Returns on investments in stocks of mid-size   
   companies could trail the returns on investments in stocks of larger or       
   smaller companies.                                                            
                                                                                 
·  Small-Cap Risk. An Underlying ETP may invest in small-cap companies. Small    
   capitalization companies may be more vulnerable than larger, more established
   organizations to adverse business or economic developments. In particular,    
   small capitalization companies may have limited product lines, markets, and   
   financial resources and may be dependent upon a relatively small management   
   group. These securities may be listed on an exchange or trade over-the-counter,
   and may or may not pay dividends. During a period when the performance of
   small-cap stocks lags other types of investments - large-cap stocks, for
   instance - the Underlying ETP's performance could be reduced.     
                                                                                 
·  "Value" Investing Risk. An Underlying ETP may pursue a "value style" of       
   investing. "Value style" investing as a strategy may be out of favor in the   
   market for an extended period. Value stocks can perform differently from the  
   market as a whole and from other types of stocks.

Performance

When the Equity Income Fund has been in operation for a full calendar year,
performance information will be shown here. Updated performance information
is available on the Fund's website at www.SiM-Funds.com or by calling the
Fund toll-free at 1-855-746-3863 (855-SIM-FUND).

[1] Total Annual Fund Operating Expenses does not correlate to Ratio of Expenses to Average Net Assets Before Expense Reimbursement in the Financial Highlights section of the statutory prospectus, which reflects the operating expenses of the Fund and does not include the 0.24% attributed to acquired fund fees and expenses ("AFFE").

[2] The Adviser has contractually agreed to waive a portion or all of its management fees and pay Fund expenses in order to limit the Net Annual Fund Operating Expenses (excluding AFFE, interest, taxes and extraordinary expenses) to 1.35%, 2.10% and 1.10% of average daily net assets of the Fund's Class A, Class C and Class I shares, respectively (the "Expense Caps"). The Expense Caps will remain in effect through at least August 28, 2013, and may be terminated only by the 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.