485BPOS

AMIDEXTM FUNDS, INC.

Securities Act Registration No. 333-68099

Investment Company Act Reg. No. 811-09123

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933			[X]
	Pre-Effective Amendment No.	[  ]
	Post-Effective Amendment No. 30	[X]
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940			[X]

Amendment No. 33

(Check appropriate box or boxes.)

AMIDEX™ FUNDS, INC.

(Exact Name of Registrant as Specified in Charter)

970 RITTENHOUSE RD., EAGLEVILLE, PA	19403
(Address of Principal Executive Offices)	(Zip Code)

(610) 666-1330

(Registrant's Telephone Number, including Area Code)

CLIFFORD A. GOLDSTEIN, PRESIDENT

970 RITTENHOUSE RD

EAGLEVILLE, PA 19403

(Name and Address of Agent for Service)

With Copy To:

DAVID F. GANLEY

MATRIX CAPITAL GROUP, INC.

630 FITZWATERTOWN ROAD

BUILDING A, SECOND FLOOR

WILLOW GROVE, PA 19090

Approximate Proposed Offering:  As soon as practicable after the Registration Statement becomes effective.

It is proposed that this filing will become effective (check appropriate box)

[X] immediately upon filing pursuant to Rule 485, paragraph (b)

[   ] on _____________ pursuant to Rule 485, paragraph (b)

[   ] 60 days after filing pursuant to Rule 485, paragraph (a)(1)

[   ] on _____________ pursuant to Rule 485, paragraph (a)(1)

[   ] 75 days after filing pursuant to Rule 485, paragraph (a)(2)

[   ] on _____________ pursuant to Rule 485, paragraph (a)(2)

If appropriate, check the following box:

[   ]  this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

PURSUANT TO RULE 24F-2 UNDER THE INVESTMENT COMPANY ACT OF 1940, REGISTRANT HEREBY DECLARES THAT AN INDEFINITE NUMBER OR AMOUNT OF SHARES ARE BEING REGISTERED UNDER THE SECURITIES ACT OF 1933.

EXPLANATORY NOTE

This Post-Effective Amendment No. 30 to the Trust's Registration Statement on Form N-1A is filed for the sole purpose of submitting the XBRL exhibits for the risk/return summary first provided in Post-Effective Amendment No. 29 filed September 30th, 2013 and incorporates Parts A, B and C from said amendment.

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that this post effective amendment #30 to the Company's Registration Statement on Form N-1A meets all of the requirements for immediate effectiveness pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration to be signed on its behalf by the undersigned, thereto duly authorized, in the City of Norristown, and State of Pennsylvania this __th day of October, 2013.

AMIDEX™ FUNDS, INC.

(Registrant)

/s/ Clifford A. Goldstein

CLIFFORD A. GOLDSTEIN

Its: President & Chairman

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.

Name	Title	Date
/s/ Clifford A. Goldstein	President, Chairman	October __, 2013
CLIFFORD A GOLDSTEIN	Treasurer
/s/ Eli Gabay	Director	October __, 2013
ELI GABAY
/s/ Erica Levi Zelinger	Director	October __, 2013
ERICA LEVI ZELINGER

EXHIBIT INDEX

Exhibit No.	Exhibit
EX-101.INS	XBRL Instance Document
EX-101.SCH	XBRL Taxonomy Extension Schema Document
EX-101.CALC	XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF	XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB	XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE	XBRL Taxonomy Extension Presentation Linkbase

XML

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

Document Type

dei_DocumentType

485BPOS

Period End Date

dei_DocumentPeriodEndDate

May 31, 2013

Registrant Name

dei_EntityRegistrantName

AMIDEX FUNDS INC

CIK

dei_EntityCentralIndexKey

0001074440

Amendment

dei_AmendmentFlag

false

Creation Date

dei_DocumentCreationDate

Sep. 27, 2013

Effective Date

dei_DocumentEffectiveDate

Sep. 28, 2013

Prospectus Date

rr_ProspectusDate

Sep. 28, 2013

Amidex35 Israel Mutual Fund

Risk/Return:

rr_RiskReturnAbstract

Risk/Return

rr_RiskReturnHeading

FUND SUMMARY

Investment objective:

rr_ObjectiveHeading

Investment Objective

Investment objective

rr_ObjectivePrimaryTextBlock

The Fund’s investment objective is long-term growth of capital.

Fees and expenses of the fund:

rr_ExpenseHeading

Fees and Expenses of the Fund

Fees and expenses of the fund, narrative

rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees, caption

rr_ShareholderFeesCaption

SHAREHOLDER FEES: (Fees paid directly from your investment)

Annual fund operating expenses, heading

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)

Portfolio turnover, heading

rr_PortfolioTurnoverHeading

If you hold your shares for less than 365 days, a fee of 2.00% of the net amount redeemed of your Fund shares will be charged to you as an early redemption fee.

Portfolio Turnover.

Portfolio turnover, narrative

rr_PortfolioTurnoverTextBlock

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 7.98% of the average value of its portfolio.

Portfolio Turnover Rate

rr_PortfolioTurnoverRate

7.98%

Expense Example, Narrative

rr_ExpenseExampleNarrativeTextBlock

EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS 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 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. ALTHOUGH YOUR ACTUAL COSTS AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:

Expense Example, No Redemption, Narrative

rr_ExpenseExampleNoRedemptionNarrativeTextBlock

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

Strategy, Heading

rr_StrategyHeading

Principal Investment Strategies of the Fund.

Strategy, Narrative

rr_StrategyNarrativeTextBlock

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the “Index”), in approximately the same percentages as those companies are included in the Index or until the Fund’s net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

Risk, Heading

rr_RiskHeading

Principal Risks of Investing in the Fund.

Risk, Narrative

rr_RiskNarrativeTextBlock

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund’s share prices will fluctuate each day, depending on the changing value of the securities making up the Fund’s portfolio. On any given day, your shares may be worth less than what you paid for them.

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2013, five companies each individually comprise more than 5% of the Index and together made up 37.47% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange ("TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

i. Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

ii. Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

iii. Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

iv. Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

v. The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

vi. Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund’s receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

May Lose Money

rr_RiskLoseMoney

As is the case with most investments, you may lose money by investing in the Fund.

Risk, Nondiversified

rr_RiskNondiversifiedStatus

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35 Index. The AMIDEX35 Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2013, five companies each individually comprise more than 5% of the Index and together made up 37.47% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

Bar Chart and Performance Table, Heading

rr_BarChartAndPerformanceTableHeading

Performance Information

Performance, Narrative

rr_PerformanceNarrativeTextBlock

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund’s yearly performance to demonstrate that the Fund’s value varied at different times. The table below compares the Fund’s performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Performance, Information Illustrates Variability of Returns

rr_PerformanceInformationIllustratesVariabilityOfReturns

The bar chart and table show how the Fund has performed and how its performance has varied from year to year.

Performance, Availability by Phone

rr_PerformanceAvailabilityPhone

1-888-876-3566

Performance, Availability at Web Site Address

rr_PerformanceAvailabilityWebSiteAddress

www.amidex.com

Performance, Past Does Not Indicate Future

rr_PerformancePastDoesNotIndicateFuture

Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Bar Chart, Closing

rr_BarChartClosingTextBlock

Highest/Lowest quarterly results during this time period were:

HIGHEST 39.46% (quarter ended June 30, 2003)

LOWEST -27.77% (quarter ended December 31, 2008)

The year-to-date return as of the most recent calendar quarter, which ended June 30, 2013, was 1.12%.

Year to Date Return, Label

rr_YearToDateReturnLabel

year-to-date return

Year to Date Return, Date

rr_BarChartYearToDateReturnDate

Jun. 30, 2013

Year to Date Return

rr_BarChartYearToDateReturn

1.12%

Highest Quarterly Return, Label

rr_HighestQuarterlyReturnLabel

HIGHEST

Highest Quarterly Return Date

rr_BarChartHighestQuarterlyReturnDate

Jun. 30, 2003

Highest Quarterly Return

rr_BarChartHighestQuarterlyReturn

39.46%

Lowest Quarterly Return, Label

rr_LowestQuarterlyReturnLabel

LOWEST

Lowest Quarterly Return Date

rr_BarChartLowestQuarterlyReturnDate

Dec. 31, 2008

Lowest Quarterly Return

rr_BarChartLowestQuarterlyReturn

(27.77%)

Performance Table:

rr_PerformanceTableHeading

AVERAGE ANNUAL TOTAL RETURNS FOR CLASS NO LOAD SHARES

For the Period Ending 12/31/2012

Performance Table Uses Highest Federal Rate

rr_PerformanceTableUsesHighestFederalRate

The Fund's after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred

rr_PerformanceTableNotRelevantToTaxDeferred

Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

Performance Table Closing

rr_PerformanceTableClosingTextBlock

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

‘‘MSCI’’ and the ‘‘MSCI World Index’’ are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

The table shows the impact of taxes on the Fund’s returns. The Fund’s after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor’s tax situation and may differ from those shown.

Amidex35 Israel Mutual Fund | MSCI World Index (reflects no deductions for fees, expenses or taxes)

Risk/Return:

rr_RiskReturnAbstract

1 Year

rr_AverageAnnualReturnYear01

16.70%

5 Years

rr_AverageAnnualReturnYear05

(0.54%)

10 Years

rr_AverageAnnualReturnYear10

10.08%

Amidex35 Israel Mutual Fund | Class No-Load

Risk/Return:

rr_RiskReturnAbstract

Trading Symbol

dei_TradingSymbol

AMDEX

MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

REDEMPTION FEES (As a percentage of amount redeemed)

rr_RedemptionFeeOverRedemption

(2.00%)

EXCHANGE FEES

rr_ExchangeFee

none

MANAGEMENT FEES

rr_ManagementFeesOverAssets

0.80%

SERVICE AND DISTRIBUTION (12b-1) FEES

rr_DistributionAndService12b1FeesOverAssets

0.25%

OTHER EXPENSES

rr_OtherExpensesOverAssets

2.42%

TOTAL ANNUAL FUND OPERATING EXPENSES

rr_ExpensesOverAssets

3.47%

Expense Example, 1 YEAR

rr_ExpenseExampleYear01

553

Expense Example, 3 YEARS

rr_ExpenseExampleYear03

1,065

Expense Example, 5 YEARS

rr_ExpenseExampleYear05

1,803

Expense Example, 10 YEARS

rr_ExpenseExampleYear10

3,747

Expense Example, No Redemption, 1 YEAR

rr_ExpenseExampleNoRedemptionYear01

350

Expense Example, No Redemption, 3 YEARS

rr_ExpenseExampleNoRedemptionYear03

1,065

Expense Example, No Redemption, 5 YEARS

rr_ExpenseExampleNoRedemptionYear05

1,803

Expense Example, No Redemption, 10 YEARS

rr_ExpenseExampleNoRedemptionYear10

3,747

2003

rr_AnnualReturn2003

56.03%

2004

rr_AnnualReturn2004

14.89%

2005

rr_AnnualReturn2005

14.24%

2006

rr_AnnualReturn2006

10.04%

2007

rr_AnnualReturn2007

26.10%

2008

rr_AnnualReturn2008

(40.89%)

2009

rr_AnnualReturn2009

61.14%

2010

rr_AnnualReturn2010

15.18%

2011

rr_AnnualReturn2011

(29.15%)

2012

rr_AnnualReturn2012

0.32%

1 Year

rr_AverageAnnualReturnYear01

0.32%

5 Years

rr_AverageAnnualReturnYear05

(4.85%)

10 Years

rr_AverageAnnualReturnYear10

8.28%

Amidex35 Israel Mutual Fund | Class No-Load | - Return After Taxes on Distributions

Risk/Return:

rr_RiskReturnAbstract

1 Year

rr_AverageAnnualReturnYear01

0.32%

5 Years

rr_AverageAnnualReturnYear05

(4.87%)

10 Years

rr_AverageAnnualReturnYear10

8.27%

Amidex35 Israel Mutual Fund | Class No-Load | - Return After Taxes on Distributions and Sale of Fund Shares

Risk/Return:

rr_RiskReturnAbstract

1 Year

rr_AverageAnnualReturnYear01

0.21%

5 Years

rr_AverageAnnualReturnYear05

(4.07%)

10 Years

rr_AverageAnnualReturnYear10

7.35%

Amidex35 Israel Mutual Fund

Risk/Return:

rr_RiskReturnAbstract

Risk/Return

rr_RiskReturnHeading

FUND SUMMARY

Investment objective:

rr_ObjectiveHeading

Investment Objective

Investment objective

rr_ObjectivePrimaryTextBlock

The Fund’s investment objective is long-term growth of capital.

Fees and expenses of the fund:

rr_ExpenseHeading

Fees and Expenses of the Fund

Fees and expenses of the fund, narrative

rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder fees, caption

rr_ShareholderFeesCaption

SHAREHOLDER FEES: (Fees paid directly from your investment)

Annual fund operating expenses, heading

rr_OperatingExpensesCaption

ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)

Portfolio turnover, heading

rr_PortfolioTurnoverHeading

Portfolio Turnover.

Portfolio turnover, narrative

rr_PortfolioTurnoverTextBlock

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 7.98% of the average value of its portfolio.

Portfolio Turnover Rate

rr_PortfolioTurnoverRate

7.98%

Expense Example, Narrative

rr_ExpenseExampleNarrativeTextBlock

EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS 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 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. ALTHOUGH YOUR ACTUAL COSTS AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:

Expense Example, No Redemption, Narrative

rr_ExpenseExampleNoRedemptionNarrativeTextBlock

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

Strategy, Heading

rr_StrategyHeading

Principal Investment Strategies of the Fund.

Strategy, Narrative

rr_StrategyNarrativeTextBlock

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the “Index”), in approximately the same percentages as those companies are included in the Index or until the Fund’s net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

Risk, Heading

rr_RiskHeading

Principal Risks of Investing in the Fund.

Risk, Narrative

rr_RiskNarrativeTextBlock

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund’s share prices will fluctuate each day, depending on the changing value of the securities making up the Fund’s portfolio. On any given day, your shares may be worth less than what you paid for them.

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2013, five companies each individually comprise more than 5% of the Index and together made up 37.47% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange (TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

vii. Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

viii. Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

ix. Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

x. Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

xi. The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

xii. Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund’s receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

FREQUENT TRADING RISK - While the Fund does not solicit and is not designed for short-term trading (hereinafter referred to as “frequent trading” or “market timing”), such activity may occur in the Fund. Such trading may result in a dilution in the value of shares held by long-term shareholders. It may create transaction costs that are borne by all shareholders and it may disrupt the orderly management of a Fund’s portfolio investments, thereby increasing expenses to the shareholders and harming performance.

May Lose Money

rr_RiskLoseMoney

As is the case with most investments, you may lose money by investing in the Fund.

Risk, Nondiversified

rr_RiskNondiversifiedStatus

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2013, five companies each individually comprise more than 5% of the Index and together made up 37.47% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

Bar Chart and Performance Table, Heading

rr_BarChartAndPerformanceTableHeading

Performance Information

Performance, Narrative

rr_PerformanceNarrativeTextBlock

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund’s yearly performance to demonstrate that the Fund’s value varied at different times. The table below compares the Fund’s performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Performance, Information Illustrates Variability of Returns

rr_PerformanceInformationIllustratesVariabilityOfReturns

The bar chart and table show how the Fund has performed and how its performance has varied from year to year.

Performance, Availability by Phone

rr_PerformanceAvailabilityPhone

1-888-876-3566

Performance, Availability at Web Site Address

rr_PerformanceAvailabilityWebSiteAddress

www.amidex.com

Performance, Past Does Not Indicate Future

rr_PerformancePastDoesNotIndicateFuture

Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Bar Chart, Does Not Reflect Sales Loads

rr_BarChartDoesNotReflectSalesLoads

The bar chart above does not reflect any applicable sales charges which would reduce returns.

Bar Chart, Closing

rr_BarChartClosingTextBlock

Highest/Lowest quarterly results during this time period were:

HIGHEST A Class 39.56% (quarter ended June 30, 2003)

LOWEST A Class -27.89% (quarter ended December 31, 2008)

The bar chart above does not reflect any applicable sales charges which would reduce returns. The AMIDEX35™ Israel Mutual Fund’s year-to-date return as of the most recent calendar quarter, which ended June 30, 2013, for the Class A Shares was 1.05% .

Year to Date Return, Label

rr_YearToDateReturnLabel

year-to-date return

Year to Date Return, Date

rr_BarChartYearToDateReturnDate

Jun. 30, 2013

Year to Date Return

rr_BarChartYearToDateReturn

1.05%

Highest Quarterly Return, Label

rr_HighestQuarterlyReturnLabel

HIGHEST A Class

Highest Quarterly Return Date

rr_BarChartHighestQuarterlyReturnDate

Jun. 30, 2003

Highest Quarterly Return

rr_BarChartHighestQuarterlyReturn

39.56%

Lowest Quarterly Return, Label

rr_LowestQuarterlyReturnLabel

LOWEST A Class

Lowest Quarterly Return Date

rr_BarChartLowestQuarterlyReturnDate

Dec. 31, 2008

Lowest Quarterly Return

rr_BarChartLowestQuarterlyReturn

(27.89%)

Performance Table:

rr_PerformanceTableHeading

AVERAGE ANNUAL TOTAL RETURNS

For the Period Ending 12/31/2012

Performance Table Uses Highest Federal Rate

rr_PerformanceTableUsesHighestFederalRate

The Fund’s after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.

Performance Table Not Relevant to Tax Deferred

rr_PerformanceTableNotRelevantToTaxDeferred

Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.

Performance Table Narrative

rr_PerformanceTableNarrativeTextBlock

(Results do not reflect taxes and do not include a sales charge; if a sales charge were included, results would be lower.)

Performance Table Closing

rr_PerformanceTableClosingTextBlock

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

‘‘MSCI’’ and the ‘‘MSCI World Index’’ are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

The table shows the impact of taxes on the Fund’s returns. The Fund’s after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor’s tax situation and may differ from those shown.

Amidex35 Israel Mutual Fund | MSCI World Index

Risk/Return:

rr_RiskReturnAbstract

1 Year

rr_AverageAnnualReturnYear01

16.70%

5 Years

rr_AverageAnnualReturnYear05

(0.54%)

10 Years

rr_AverageAnnualReturnYear10

10.08%

Amidex35 Israel Mutual Fund | Class A

Risk/Return:

rr_RiskReturnAbstract

Trading Symbol

dei_TradingSymbol

AMDAX

MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

5.50%

MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds)

rr_MaximumDeferredSalesChargeOverOfferingPrice

none

REDEMPTION FEES (As a percentage of amount redeemed)

rr_RedemptionFeeOverRedemption

none

^[1]

MANAGEMENT FEES

rr_ManagementFeesOverAssets

0.80%

^[2]

SERVICE AND DISTRIBUTION (12b-1) FEES

rr_DistributionAndService12b1FeesOverAssets

0.25%

^[2]

OTHER EXPENSES

rr_OtherExpensesOverAssets

2.42%

^[2]

TOTAL ANNUAL FUND OPERATING EXPENSES

rr_ExpensesOverAssets

3.47%

^[2]

Expense Example, 1 YEAR

rr_ExpenseExampleYear01

880

Expense Example, 3 YEARS

rr_ExpenseExampleYear03

1,557

Expense Example, 5 YEARS

rr_ExpenseExampleYear05

2,253

Expense Example, 10 YEARS

rr_ExpenseExampleYear10

4,091

Expense Example, No Redemption, 1 YEAR

rr_ExpenseExampleNoRedemptionYear01

880

Expense Example, No Redemption, 3 YEARS

rr_ExpenseExampleNoRedemptionYear03

1,557

Expense Example, No Redemption, 5 YEARS

rr_ExpenseExampleNoRedemptionYear05

2,253

Expense Example, No Redemption, 10 YEARS

rr_ExpenseExampleNoRedemptionYear10

4,091

2003

rr_AnnualReturn2003

56.06%

2004

rr_AnnualReturn2004

14.81%

2005

rr_AnnualReturn2005

14.18%

2006

rr_AnnualReturn2006

9.96%

2007

rr_AnnualReturn2007

25.95%

2008

rr_AnnualReturn2008

(41.02%)

2009

rr_AnnualReturn2009

61.04%

2010

rr_AnnualReturn2010

15.06%

2011

rr_AnnualReturn2011

(29.22%)

2012

rr_AnnualReturn2012

0.32%

1 Year

rr_AverageAnnualReturnYear01

(5.20%)

5 Years

rr_AverageAnnualReturnYear05

(6.02%)

10 Years

rr_AverageAnnualReturnYear10

7.59%

Inception Date

rr_AverageAnnualReturnInceptionDate

Nov. 18, 1999

Amidex35 Israel Mutual Fund | Class A | - Return After Taxes on Distributions

Risk/Return:

rr_RiskReturnAbstract

1 Year

rr_AverageAnnualReturnYear01

(5.20%)

5 Years

rr_AverageAnnualReturnYear05

(6.04%)

10 Years

rr_AverageAnnualReturnYear10

7.56%

Amidex35 Israel Mutual Fund | Class A | - Return After Taxes on Distributions and Sale of Fund Shares

Risk/Return:

rr_RiskReturnAbstract

1 Year

rr_AverageAnnualReturnYear01

(3.38%)

5 Years

rr_AverageAnnualReturnYear05

(5.02%)

10 Years

rr_AverageAnnualReturnYear10

6.71%

Amidex35 Israel Mutual Fund | Class C

Risk/Return:

rr_RiskReturnAbstract

Trading Symbol

dei_TradingSymbol

AMDCX

MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price)

rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice

none

MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds)

rr_MaximumDeferredSalesChargeOverOfferingPrice

1.00%

^[3]

REDEMPTION FEES (As a percentage of amount redeemed)

rr_RedemptionFeeOverRedemption

none

^[1]

MANAGEMENT FEES

rr_ManagementFeesOverAssets

0.80%

^[4]

SERVICE AND DISTRIBUTION (12b-1) FEES

rr_DistributionAndService12b1FeesOverAssets

1.00%

^[4]

OTHER EXPENSES

rr_OtherExpensesOverAssets

2.42%

^[4]

TOTAL ANNUAL FUND OPERATING EXPENSES

rr_ExpensesOverAssets

4.22%

^[4]

Expense Example, 1 YEAR

rr_ExpenseExampleYear01

524

Expense Example, 3 YEARS

rr_ExpenseExampleYear03

1,281

Expense Example, 5 YEARS

rr_ExpenseExampleYear05

2,152

Expense Example, 10 YEARS

rr_ExpenseExampleYear10

4,388

Expense Example, No Redemption, 1 YEAR

rr_ExpenseExampleNoRedemptionYear01

424

Expense Example, No Redemption, 3 YEARS

rr_ExpenseExampleNoRedemptionYear03

1,281

Expense Example, No Redemption, 5 YEARS

rr_ExpenseExampleNoRedemptionYear05

2,152

Expense Example, No Redemption, 10 YEARS

rr_ExpenseExampleNoRedemptionYear10

$ 4,388

1 Year

rr_AverageAnnualReturnYear01

(0.58%)

5 Years

rr_AverageAnnualReturnYear05

(5.67%)

10 Years

rr_AverageAnnualReturnYear10

7.37%

Inception Date

rr_AverageAnnualReturnInceptionDate

May 19, 2000

[1] If you are a participant in a qualified employee retirement benefit plan with at least 100 eligible employees, you may purchase Class A shares without any sales charges. However, if you redeem your shares within eighteen months of purchase, you will be charged a fee of 1.00% of the redemption proceeds.

[2] Class A shares commenced investment operations on November 19, 1999.

[3] Investments in Class C shares are not subject to an initial sales charge; however, a contingent deferred sales charge of 1% is imposed in the event of certain redemption transactions within thirteen months following such investments.

[4] Class C shares commenced investment operations on May 19, 2000.

XML

Amidex35 Israel Mutual Fund

FUND SUMMARY

Investment Objective

The Fund’s investment objective is long-term growth of capital.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES: (Fees paid directly from your investment)

Shareholder Fees (USD $)	Amidex35 Israel Mutual Fund Class No-Load
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price)	none
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds)	none
REDEMPTION FEES (As a percentage of amount redeemed)	2.00%
EXCHANGE FEES	none

ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)

Annual Fund Operating Expenses	Amidex35 Israel Mutual Fund Class No-Load
MANAGEMENT FEES	0.80%
SERVICE AND DISTRIBUTION (12b-1) FEES	0.25%
OTHER EXPENSES	2.42%
TOTAL ANNUAL FUND OPERATING EXPENSES	3.47%

EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS 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 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. ALTHOUGH YOUR ACTUAL COSTS AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:

Expense Example (USD $)	1 Year	3 Years	5 Years	10 Years
Amidex35 Israel Mutual Fund Class No-Load	553	1,065	1,803	3,747

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

Expense Example, No Redemption (USD $)	1 Year	3 Years	5 Years	10 Years
Amidex35 Israel Mutual Fund Class No-Load	350	1,065	1,803	3,747

If you hold your shares for less than 365 days, a fee of 2.00% of the net amount redeemed of your Fund shares will be charged to you as an early redemption fee.

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 7.98% of the average value of its portfolio.

Principal Investment Strategies of the Fund.

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the “Index”), in approximately the same percentages as those companies are included in the Index or until the Fund’s net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

Principal Risks of Investing in the Fund.

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund’s share prices will fluctuate each day, depending on the changing value of the securities making up the Fund’s portfolio. On any given day, your shares may be worth less than what you paid for them.

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2013, five companies each individually comprise more than 5% of the Index and together made up 37.47% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange ("TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

i. Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

ii. Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

iii. Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

iv. Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

v. The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

vi. Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund’s receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

Performance Information

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund’s yearly performance to demonstrate that the Fund’s value varied at different times. The table below compares the Fund’s performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Highest/Lowest quarterly results during this time period were:

HIGHEST 39.46% (quarter ended June 30, 2003)

LOWEST -27.77% (quarter ended December 31, 2008)

The year-to-date return as of the most recent calendar quarter, which ended June 30, 2013, was 1.12%.

AVERAGE ANNUAL TOTAL RETURNS FOR CLASS NO LOAD SHARES

For the Period Ending 12/31/2012

Average Annual Total Returns Amidex35 Israel Mutual Fund	1 Year	5 Years	10 Years
Class No-Load	0.32%	(4.85%)	8.28%
Class No-Load - Return After Taxes on Distributions	0.32%	(4.87%)	8.27%
Class No-Load - Return After Taxes on Distributions and Sale of Fund Shares	0.21%	(4.07%)	7.35%
MSCI World Index (reflects no deductions for fees, expenses or taxes)	16.70%	(0.54%)	10.08%

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

‘‘MSCI’’ and the ‘‘MSCI World Index’’ are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

The table shows the impact of taxes on the Fund’s returns. The Fund’s after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor’s tax situation and may differ from those shown.

Amidex35 Israel Mutual Fund

FUND SUMMARY

Investment Objective

The Fund’s investment objective is long-term growth of capital.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES: (Fees paid directly from your investment)

Shareholder Fees Amidex35 Israel Mutual Fund		Class A	Class C
MAXIMUM SALES CHARGE (LOAD) IMPOSED ON PURCHASES (As a percentage of offering price)		5.50%	none
MAXIMUM DEFERRED SALES CHARGE (LOAD) (As a percentage of redemption proceeds)		none	1.00%	[1]
REDEMPTION FEES (As a percentage of amount redeemed)	[2]	none	none

ANNUAL FUND OPERATING EXPENSES: (Expenses that are deducted from Fund assets)

Annual Fund Operating Expenses Amidex35 Israel Mutual Fund	Class A		Class C
MANAGEMENT FEES	0.80%	[1]	0.80%	[2]
SERVICE AND DISTRIBUTION (12b-1) FEES	0.25%	[1]	1.00%	[2]
OTHER EXPENSES	2.42%	[1]	2.42%	[2]
TOTAL ANNUAL FUND OPERATING EXPENSES	3.47%	[1]	4.22%	[2]

EXAMPLE: THIS EXAMPLE IS INTENDED TO HELP YOU COMPARE THE COSTS OF INVESTING IN THE FUND WITH THE COSTS 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 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. ALTHOUGH YOUR ACTUAL COSTS AND RETURNS MAY BE HIGHER OR LOWER, BASED ON THESE ASSUMPTIONS, YOUR COSTS WOULD BE:

Expense Example Amidex35 Israel Mutual Fund (USD $)	1 Year	3 Years	5 Years	10 Years
Class A	880	1,557	2,253	4,091
Class C	524	1,281	2,152	4,388

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

Expense Example, No Redemption Amidex35 Israel Mutual Fund (USD $)	1 Year	3 Years	5 Years	10 Years
Class A	880	1,557	2,253	4,091
Class C	424	1,281	2,152	4,388

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 7.98% of the average value of its portfolio.

Principal Investment Strategies of the Fund.

The Fund will invest at least 95% of its net assets in the common stocks of the companies comprising the AMIDEX35™ Index (the “Index”), in approximately the same percentages as those companies are included in the Index or until the Fund’s net assets reach $25 million, the Adviser may invest Fund assets in a representative sample of Index securities and other permissible securities. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index.

Principal Risks of Investing in the Fund.

GENERAL RISK - As is the case with most investments, you may lose money by investing in the Fund. The Fund’s share prices will fluctuate each day, depending on the changing value of the securities making up the Fund’s portfolio. On any given day, your shares may be worth less than what you paid for them.

STOCK RISK - The Fund invests in the stocks of companies included in the AMIDEX35™ Index. The AMIDEX35™ Index is an unmanaged index consisting of the 35 largest publicly traded Israeli companies, as measured by market capitalization. The Adviser, Index Investments, LLC is responsible for calculating and maintaining the Index. A company's stock that is included in the Index may fall because of problems with the company or for no readily apparent reason. Further, the stock market may suffer a general decline resulting from changing economic or political conditions, or from a lack of investor confidence. In the past, stocks and the stock market have recovered, but some stock market slumps have lasted for months and even years.

DIVERSIFICATION RISK - The Fund is a "non-diversified" Fund because it primarily invests in the companies that are included in the AMIDEX35™ Index. The AMIDEX35™ Index is currently comprised of 35 companies, and some of these companies represent a large percentage of the Index. This may cause the performance of a fund to be dependent upon the performance of one or more selected companies, which may increase the volatility of the fund. As of August 31, 2013, five companies each individually comprise more than 5% of the Index and together made up 37.47% of the Index. Investing a larger percentage of the Fund's assets in a relatively small number of companies can be riskier than investing in a broader variety of securities because poor performance by an individual company held by the Fund will have a larger negative impact on the Fund due to the Fund's lack of diversification.

INDEX RISK - The Fund invests almost exclusively in Index companies. Also, once the Fund invests in Index companies, it stays invested in those companies for as long as they remain in the Index. As a result, the Fund does not predict which stocks will outperform or under-perform, the market. If the Index stocks decrease in value, the Fund decreases in value. Also, some of the companies in the Index may not have a vigorous secondary trading market. As a result, the Fund could experience difficulties in timely buying or selling of these securities, which could have a negative impact on the Fund.

PORTFOLIO TURNOVER RISK - The Index is adjusted to add or delete companies once per year. As companies leave and enter the Index, the Fund's portfolio will be adjusted to match the current Index composition. This practice can result in the realization of capital gains or losses and can have adverse tax consequences for you as an investor. Because the Fund will buy and sell securities as needed to maintain its correlation to the Index, portfolio turnover in the Fund may be substantial.

SECTOR RISK - The AMIDEX35™ Israel Mutual Fund includes companies that are identified as Israeli companies, either because they trade on the Tel Aviv Stock Exchange (TASE"), or they trade on U.S. Exchanges and meet Index rules for inclusion as Israeli companies. Investing in a single market sector is riskier that investing a variety of market sectors.

FOREIGN SECURITIES RISK - Investments in foreign securities involve greater risks compared to domestic investments for the following reasons:

vii. Foreign companies are not subject to the regulatory requirements of U.S. companies, so there may be less publicly available information about foreign issuers than U.S. companies.

viii. Foreign companies generally are not subject to uniform accounting, auditing and financial reporting standards.

ix. Dividends and interest on foreign securities may be subject to foreign withholding taxes. Such taxes may reduce the net return to Fund shareholders.

x. Foreign securities are often denominated in a currency other than the U.S. dollar. Accordingly, the Fund will be subject to the risks associated with fluctuations in currency values. Although the Fund will only invest in foreign issuers that are domiciled in nations considered to have stable and friendly governments, there is the possibility of expropriation, confiscation, taxation, currency blockage or political or social instability which could negatively affect the Fund.

xi. The Fund may not be able to participate in rights and offerings that are not registered for sale to a U.S. investor.

xii. Transactions in foreign securities may involve higher costs and typically take longer to settle than in the U.S., which may make it more difficult for the Fund to liquidate positions, thereby causing delays in the Fund’s receipt of proceeds and a concomitant loss of potential dividend and interest income or the incurring of interest costs on debt to cover the period required until the receipt of the proceeds from these same securities.

Because the AMIDEX35™ Israel Mutual Fund invests in securities of Israeli issuers, the Fund may be exposed to special risks and considerations. There may be less information concerning Israeli securities available to the public than in the U.S. There is also potential difficulty in obtaining or enforcing a court judgment, and unique characteristics of Israeli securities and markets may have a negative impact on the Fund. Any major hostilities involving Israel, or the interruption or curtailment of trade between Israel and its present trading partners, could have a negative impact on the Fund. Shares and dividends of Israeli companies are often New Israeli Shekel ("NIS") denominated. Changes in the relationship of the NIS to the dollar and other currencies could have a negative impact on the Fund. The government of Israel may change the way in which Israeli companies are taxed, or may impose taxes on foreign investment. Such actions could have an impact on the overall market for Israeli securities and on the Fund.

FREQUENT TRADING RISK - While the Fund does not solicit and is not designed for short-term trading (hereinafter referred to as “frequent trading” or “market timing”), such activity may occur in the Fund. Such trading may result in a dilution in the value of shares held by long-term shareholders. It may create transaction costs that are borne by all shareholders and it may disrupt the orderly management of a Fund’s portfolio investments, thereby increasing expenses to the shareholders and harming performance.

Performance Information

The bar chart and table show how the Fund has performed and how its performance has varied from year to year. The bar chart gives some indication of risk by showing changes in the Fund’s yearly performance to demonstrate that the Fund’s value varied at different times. The table below compares the Fund’s performance over time to that of the MSCI World Index, a widely recognized, unmanaged index. Of course, past performance (before and after taxes) does not indicate how the Fund will perform in the future.

Highest/Lowest quarterly results during this time period were:

HIGHEST A Class 39.56% (quarter ended June 30, 2003)

LOWEST A Class -27.89% (quarter ended December 31, 2008)

The bar chart above does not reflect any applicable sales charges which would reduce returns. The AMIDEX35™ Israel Mutual Fund’s year-to-date return as of the most recent calendar quarter, which ended June 30, 2013, for the Class A Shares was 1.05% .

AVERAGE ANNUAL TOTAL RETURNS

For the Period Ending 12/31/2012

(Results do not reflect taxes and do not include a sales charge; if a sales charge were included, results would be lower.)

Average Annual Total Returns Amidex35 Israel Mutual Fund	1 Year	5 Years	10 Years	Inception Date
Class A	(5.20%)	(6.02%)	7.59%	Nov. 18, 1999
Class A - Return After Taxes on Distributions	(5.20%)	(6.04%)	7.56%
Class A - Return After Taxes on Distributions and Sale of Fund Shares	(3.38%)	(5.02%)	6.71%
Class C	(0.58%)	(5.67%)	7.37%	May 19, 2000
MSCI World Index	16.70%	(0.54%)	10.08%

For current performance information, call 1-888-876-3566 or visit www.amidex.com.

‘‘MSCI’’ and the ‘‘MSCI World Index’’ are registered service marks of MSCI Inc., which does not sponsor and is in no way affiliated with the Fund.

The table shows the impact of taxes on the Fund’s returns. The Fund’s after-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Distributions will generally be taxed to investors as ordinary income or capital gains unless the investor holds Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Distributions to investors from such tax-deferred arrangements may be taxed when received. Also note that after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. Actual after tax returns depend on an investor’s tax situation and may differ from those shown.

[1] Investments in Class C shares are not subject to an initial sales charge; however, a contingent deferred sales charge of 1% is imposed in the event of certain redemption transactions within thirteen months following such investments.

[2] If you are a participant in a qualified employee retirement benefit plan with at least 100 eligible employees, you may purchase Class A shares without any sales charges. However, if you redeem your shares within eighteen months of purchase, you will be charged a fee of 1.00% of the redemption proceeds.

[1] Class A shares commenced investment operations on November 19, 1999.

[2] Class C shares commenced investment operations on May 19, 2000.