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Free Market International Equity Fund (Prospectus Summary) | Free Market International Equity Fund
FREE MARKET INTERNATIONAL EQUITY FUND
Investment Objective
The Free Market International Equity Fund (the "Fund") seeks long-term 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 International Equity Fund
INSTITUTIONAL CLASS
Management Fees 0.50%
Distribution (12b-1) and/or Service Fees none
Other expenses 0.15%
Acquired Fund Fees and Expenses 0.52%
Total annual Fund operating expenses 1.17%
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 International Equity Fund INSTITUTIONAL CLASS
120 372 645 1,424
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 3% 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
equity securities, such as common stocks, preferred stocks or securities
convertible into stocks, of foreign companies, or invest substantially all
of their assets in such equity securities. The Fund will diversify its
investments by investing primarily in investment companies that focus on
different segments of the foreign equity markets, including emerging markets,
with little or no focus on domestic equity markets.

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 5% 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    
International Small Cap Value           40%  
International Large Cap Value           30%  
International Small Company             10%  
International Large Cap                  5%  
Emerging Markets                      5.25%  
Emerging Markets Value               4.875%  
Emerging Markets Small Cap           4.875%  
  
International Small Cap Value Asset Class: The underlying investment companies
generally will purchase the stocks and other equity securities, directly or
through sponsored or unsponsored depositary receipts, of small companies in
foreign countries with developed markets that the underlying investment
adviser(s) determine to be value stocks at the time of purchase. Small foreign
companies are generally those companies with a market capitalization below $4.3
billion. This threshold will vary by country or region, and the dollar amount
will change from time to time due to market conditions.

International Large Cap Value Asset Class: The underlying investment companies
generally will purchase the stocks and other equity securities, directly or
through sponsored or unsponsored depositary receipts, of large companies in
foreign countries with developed markets that the underlying investment
adviser(s) determine to be value stocks at the time of purchase. Large foreign
companies generally are those companies with a market capitalization of at least
$1.4 billion. This threshold will vary by country or region, and the dollar
amount will change from time to time due to market conditions.

International Small Company Asset Class: The underlying investment companies
generally will purchase the stocks and other equity securities, directly or
through sponsored or unsponsored depositary receipts, of small companies in
foreign countries with developed markets. Small foreign companies generally are
those companies with a market capitalization below $4.3 billion. This threshold
will vary by country or region, and the dollar amount will change from time to
time due to market conditions.

International Large Cap Asset Class: The underlying investment companies
generally will purchase the stocks and other equity securities, directly or
through sponsored or unsponsored depositary receipts, of large companies in
foreign countries with developed markets. Large companies generally are
considered to be those companies with a market capitalization of at least $1.4
billion. This threshold will vary by country or region, and the dollar amount
will change from time to time due to market conditions.

Emerging Markets Asset Class, Emerging Markets Value Asset Class, and Emerging
Markets Small Cap Asset Class (collectively, the "Emerging Markets Asset
Classes"): Underlying investment companies comprising each Emerging Markets
Asset Class generally will purchase stocks and other equity securities, directly
or through sponsored or unsponsored depositary receipts, of companies located in
emerging market countries. The underlying investment companies investing in
securities of the Emerging Markets Asset Class and the Emerging Markets Small
Cap Asset Class will generally purchase the equity securities of larger and
smaller companies, respectively, within each country. The underlying investment
adviser(s) determine company size primarily based on market capitalization.
Companies in the Emerging Markets Small Cap Asset Class generally are those
companies with a market capitalization of $4.1 billion or less in the largest
country and $683 million in the smallest country. This threshold will vary by
country or region. These dollar amounts will change from time to time due to
market conditions.

The underlying investment companies in the Emerging Markets Value Asset Class
generally will purchase emerging market equity securities that are deemed by the
underlying investment adviser(s) to be value stocks at the time of purchase.

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 The value of particular foreign equity securities which the Fund's underlying
investment companies may purchase or foreign stock markets on which the
securities they may purchase are traded may decline in value.

o Stocks of large cap or small cap foreign companies in which the Fund's
underlying investment companies may invest may temporarily fall out of favor
with investors or may be more volatile than particular foreign stock markets or
foreign stock markets as a whole.

o The smaller the capitalization of a company, generally the less liquid its
stock and the more volatile its price. Companies with smaller market
capitalizations also tend to have unproven track records and are more likely to
fail than companies with larger market capitalizations.

o Stocks of large cap or small cap foreign companies in which the Fund's
underlying investment companies may invest may suffer unexpected losses or lower
than expected earnings or such securities may become difficult or impossible to
sell at the time and for the price the underlying investment advisers would
like.

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 Investments in emerging market securities by underlying investment companies
in which the Fund invests are subject to higher risks than those in developed
market countries because there is greater uncertainty in less established
markets and economics.

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 equity securities of foreign companies, the NAV of the Fund will change with
changes in the share prices of the investment companies in which the Fund
invests.

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 Information 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.
Bar Chart
Best and Worst Quarterly Performance (for the period reflected in the chart
above)

Best Quarter: 33.53% (quarter ended June 30, 2009)              
Worst Quarter: (22.38)% (quarter ended September 30, 2011)      
Year to Date Total Return as of September 30, 2012: 10.69%      
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 International Equity Fund
Label
1 Year
Since Inception
Inception Date
INSTITUTIONAL CLASS
Fund Returns Before Taxes (17.90%) (4.74%) [1] Dec. 31, 2007
INSTITUTIONAL CLASS After Taxes on Distributions
Fund Returns After Taxes on Distributions [1] (18.71%) (5.33%) [1] Dec. 31, 2007
INSTITUTIONAL CLASS After Taxes on Distributions and Sales
Fund Returns After Taxes on Distributions and Sale of Fund Shares [1] (11.41%) (4.27%) [1] Dec. 31, 2007
Composite Index
Composite Index [2] (14.87%) (6.91%) [1] Dec. 31, 2007
MSCI World (excluding U.S.) Index
MSCI World (excluding U.S.) Index (reflects no deduction for fees, expenses or taxes) (12.21%) (7.83%) [1] Dec. 31, 2007
[1] 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.
[2] The Composite Index is comprised of the MSCI EAFE Index, MSCI EAFE Value Index, MSCI EAFE Small Company Index, and MSCI Emerging Markets Free Index, each weighted 25%, 25%, 25% and 25%, respectively. Additional information about the Composite Index can be found under the section entitled "more about Each Fund's Investments and Risks."