Free Market Fixed Income Fund (Prospectus Summary) | Free Market Fixed Income Fund

FREE MARKET FIXED INCOME FUND

Investment Objective

The Free Market Fixed Income Fund seeks total return (consisting of current

income and capital appreciation).

Expenses and Fees

This table describes the fees and expenses that you may pay if you buy and hold

shares of the Fund.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses	Free Market Fixed Income Fund Institutional Class
Management fees	0.50%
Distribution (12b-1) and/or Service Fees	none
Other expenses	0.15%
Acquired Fund Fees and Expenses	0.20%
Total Annual Fund Operating Expenses	0.85%

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 that you sell 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 might 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
Free Market Fixed Income Fund Institutional Class	87	271	471	1,049

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

Total 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 0% of the average value of its portfolio.

Summary of Principal Investment Strategies

The Fund pursues its investment objective by investing under normal

circumstances at least 80% of its net assets, including any borrowings for

investment purposes, in shares of registered, open-end investment companies and

exchange-traded funds ("ETFs") (collectively, "investment companies") that have

either adopted policies to invest at least 80% of their assets in fixed income

securities that the Adviser believes offer the prospect of providing total

return, or invest substantially all of their assets in such fixed income

securities.



Under normal market conditions, the Adviser expects substantially all of the

Fund's net assets to be invested in the securities of investment companies that

invest in the types of securities described in each asset class below, with less

than 2% of the net assets invested in cash or money market instruments. The

Adviser uses target ranges to allocate the Fund's assets among various

investment company asset classes. Actual allocations may differ from the target

due to market fluctuations and other factors. Generally, the Adviser expects that

the Fund's investments will be within plus or minus 5% of the following target ranges:



Asset Class                               Target

One-Year Fixed Income                        25 %

Two-Year Global Fixed Income                 25 %

Intermediate Government Fixed Income         25 %

Five-Year Global Fixed Income                25 %



One-Year Fixed Income Asset Class: The underlying investment companies generally

will purchase U.S. government obligations, U.S. government agency obligations,

dollar-denominated obligations of foreign issuers issued in the U.S., foreign

government and agency obligations, bank obligations, including the obligations

of U.S. subsidiaries and branches of foreign banks, corporate obligations,

commercial paper, repurchase agreements, and obligations of supranational

organizations such as the World Bank, the European Investment Bank, European

Economic Community and European Coal and Steel Community. Generally, obligations

comprising this asset class will mature within one year from the date of

settlement, but substantial investments may be made in obligations maturing

within two years from the date of settlement when greater returns are available.



Two-Year Global Fixed Income Asset Class: The underlying investment companies

generally will purchase obligations issued or guaranteed by the U.S. and foreign

governments, their agencies and instrumentalities, corporate debt obligations,

bank obligations, commercial paper, repurchase agreements, and other debt

obligations of domestic and foreign issuers. Generally, obligations comprising

this asset class have a weighted average maturity not exceeding two years, but

investments may be made in obligations maturing in a shorter time period (from

overnight to less than two years from the date of settlement). Because many of

the investments of the underlying investment companies in this asset class will

be denominated in foreign currencies, the underlying investment companies may

also enter into forward foreign currency contracts solely for the purpose of

hedging against fluctuations in currency exchange rates.



Intermediate Government Fixed Income Asset Class: The underlying investment

companies generally will purchase debt obligations of the U.S. government and

U.S. government agencies. Generally, investment companies in the asset class

will purchase securities with maturities of between five and fifteen years,

however such investment companies ordinarily will have an average weighted

maturity of between three and ten years.



Five-Year Global Fixed Income Asset Class: The underlying investment companies

generally will purchase obligations issued or guaranteed by the U.S. and foreign

governments, their agencies and instrumentalities, obligations of other foreign

issuers, corporate debt obligations, bank obligations, commercial paper, and

obligations of supranational organizations. Generally, obligations comprising

this asset class have a weighted average maturity not exceeding five years.

However, investments may be made in obligations maturing in a shorter time

period (from overnight to less than five years from the date of settlement.)



The Fund reserves the right to hold up to 100% of its assets as a temporary

defensive measure in cash and money market instruments such as U.S. Government

securities, bank obligations and commercial paper. To the extent the Fund

employs a temporary defensive measure, the Fund may not achieve its investment

objective.

Summary of Principal Risks

As with all mutual funds, a shareholder is subject to the risk that his or her

investment could lose money. An investment in the Fund involves the same

investment risks as those of the underlying investment companies in which the

Fund invests. These risks may adversely affect the Fund's net asset value

("NAV") and investment performance. The Fund is subject to the following

principal risks:



o Fixed income securities in which the Fund's underlying investment companies

may invest are subject to certain risks, including: interest rate risk,

reinvestment risk, prepayment and extension risk, credit/default risk, and the

risks associated with investing in repurchase agreements.



o Interest rate risk involves the risk that prices of fixed income securities

will rise and fall in response to interest rate changes.



o Reinvestment risk involves the risk that proceeds from matured investments may

be re-invested at lower interest rates.



o Prepayment risk involves the risk that in declining interest rates

environments prepayments of principal could increase and require the Fund to

reinvest proceeds of the prepayments at lower interest rates.



o Extension risk involves the risk that prepayments of principal will decrease

when interest rates rise resulting in a longer effective maturity of a security.



o Credit risk involves the risk that the credit rating of a security may be

lowered.



o Repurchase agreement risk involves the risk that the other party to a

repurchase agreement will be unable to complete the transaction and the

underlying investment company in which the Fund invests may suffer a loss as a

result.



o Because the Fund owns shares of underlying investment companies that invest in

foreign issuers, the Fund is subject to risks presented by investments in such

issuers. Securities of foreign issuers may be negatively affected by political

events, economic conditions, or inefficient, illiquid or unregulated markets in

foreign countries. Foreign issuers may be subject to inadequate regulatory or

accounting standards.



o Currency risk is the risk that exchange rates for currencies in which

securities held by the underlying investment companies in which the Fund invests

are denominated will fluctuate daily. Forward foreign currency exchange

contracts may limit potential gains from a favorable change in value between the

U.S. dollar and foreign currencies. Unanticipated changes in currency pricing

may result in poorer overall performance for the Fund than if it had not engaged

in these contracts.



o The Adviser's judgment about the attractiveness or potential appreciation of a

particular underlying investment company security could prove to be wrong or the

Fund could miss out on an investment opportunity because the assets necessary to

take advantage of such opportunity are tied up in less advantageous investments.



o Because under normal circumstances the Fund invests at least 80% of its net

assets in shares of registered investment companies that emphasize investments

in fixed income securities, the NAV of the Fund will change with changes in the

share prices of the investment companies in which the Fund invests.



o Not all obligations of U.S. government agencies and instrumentalities are

backed by the full faith and credit of the U.S. Treasury. Some are backed only

by the credit of the issuing agency or instrumentality. Accordingly, there may

be some risk of default by the issuer in such cases.



o There is a risk that the Fund, which is passively managed, may not perform as

well as funds with more active methods of investment management, such as

selecting securities based on economic, financial, and market analysis.



o The performance of the Fund will depend on how successfully the investment

adviser(s) to the underlying investment companies pursue their investment

strategies.



More information about the Fund's investments and risks is contained under the

section entitled "More About Each Fund's Investments and Risks."

Performance Information

The chart below illustrates the long-term performance of the Fund. The

information shows you how the Fund's performance has varied year by year and

provides some indication of the risks of investing in the Fund. The chart

assumes reinvestment of dividends and distributions. Total returns would have

been lower had certain fees and expenses not been waived or reimbursed. Past

performance (before and after taxes) does not necessarily indicate how the Fund

will perform in the future. Updated information is available at www.mymatrix.cc

or (866) 780-0357 Ext. 3863.

Best and Worst Quarterly Performance (for the period reflected in the chart

above)



Best Quarter: 3.54% (quarter ended December 31, 2008)



Worst Quarter: (0.87)% (quarter ended December 31, 2010)



Year to Date Total Return as of September 30, 2011: 2.78%

Average Annual Total Returns

The table below compares the average annual total returns of the Fund before and

after taxes for the past calendar year and since inception to the average total

returns of a broad-based securities market index for the same periods.

Average Annual Total Returns Free Market Fixed Income Fund	Average Annual Returns, Label		Average Annual Returns, 1 Year	Average Annual Returns, Since Inception
Institutional Class	Fund Returns Before Taxes		2.93%	2.79%	[1]
Institutional Class After Taxes on Distributions	Fund Returns After Taxes on Distributions	[2]	2.26%	2.11%	[1]
Institutional Class After Taxes on Distributions and Sales	Fund Returns After Taxes on Distributions and Sale of Fund Shares	[2]	1.92%	1.99%	[1]
Composite Index	Composite Index	[3]	3.69%	3.89%	[1]
CitiGroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar Index	CitiGroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar Index (reflects no deduction for fees, expenses or taxes)	[4]	1.99%	3.60%	[1]

[1] The Fund commenced operations on December 31, 2007.

[2] After-tax returns are 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 will depend on an investor's tax situation and may differ from those shown. 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.

[3] The Composite Index is comprised of the Three-Month Treasury Bill Index, Barclays Capital Intermediate Government Bond Index, Merrill Lynch 1-3 Year US Government/Corporate Index and Barclays Capital Aggregate Bond Index, each weighted 25%, 25%, 25% and 25%, respectively. Additional information about the Composite Index can be found under the section entitled "Shareholder Information."

[4] The CitiGroup World Government Bond Index 1-5 Year Currency Hedged U.S. Dollar Index includes the most significant and liquid government bond markets globally that carry at least an investment grade rating. As of February 2011, this includes the 23 government bond markets of Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Ireland, Italy, Japan, Malaysia, Mexico, the Netherlands, Norway, Poland, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States.