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Walden SMID Cap Innovations Fund (Prospectus Summary) | Walden SMID Cap Innovations Fund
Walden SMID Cap Innovations Fund
Investment Goals
The Walden SMID Cap Innovations Fund seeks long-term capital growth through an

actively managed portfolio of stocks of small to middle ("mid") capitalization

companies.
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 Walden SMID Cap Innovations Fund.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees
Walden SMID Cap Innovations Fund
Maximum Sales Charge (load) Imposed on Purchases none
Maximum Deferred Sales Charge (load) none
Redemption Fee (as a percentage of amount redeemed, if applicable) none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
Walden SMID Cap Innovations Fund
Management Fees 0.75%
Distribution (Rule 12b-1) Fees none
Other Expenses [1] 0.43%
Acquired Fund Fees and Expenses [1] 0.01%
Total Annual Fund Operating Expenses 1.19%
Fee Waiver and/or Expense Reimbursement [2] (0.18%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.01%
[1] Estimate for the current fiscal year.
[2] Boston Trust Investment Management, Inc. (the "Adviser") has entered into an expense limitation agreement with the Fund to reduce fees payable to the Adviser and/or reimburse the Fund to limit the Total Fund Operating Expenses of the Fund to 1.00% of its average daily net assets through December 31, 2012 (exclusive of brokerage costs, interest, taxes, dividends, litigation, indemnification, expenses associated with the investments in underlying investment companies and extraordinary expenses (as determined under generally accepted accounting principles)). To the extent the Fund incurs these expenses, Total Annual Fund Operating Expenses After Fee Waiver may exceed the maximum amount of 1.00%. The expense limitation agreement may be terminated by the Board of Trustees at any time and will terminate automatically after December 31, 2012, unless extended, and upon termination of the Investment Management Agreement.
Example:
The 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

a $10,000 investment, a 5% annual return, redemption at the end of each

period and that the Fund's operating expenses remain the same.
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, With Redemption, 1 Year
Expense Example, With Redemption, 3 Years
Expense Example, With Redemption, 5 Years
Expense Example, With Redemption, 10 Years
Walden SMID Cap Innovations Fund
103 354 631 1,422
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 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.
Principal Investment Strategies
The Fund invests, under normal circumstances, at least 80% of its assets in a

diversified portfolio of equity securities, such as common and preferred stocks

of domestic and foreign small and mid cap companies with innovative products and

processes. The Fund seeks to invest in innovative companies whose products or

services are benefitted by secular market trends that offer long-term investment

potential. These secular market trends are based on factors that may include

demographics, consumer lifestyle, an increasing technical work force,

technological advancements or legal and regulatory issues. "Assets" means net

assets, plus the amount of borrowing for investment purposes. For these

purposes, the Adviser defines small to mid cap issuers as those with market

capitalizations within the range encompassed by the Russell 2500 Index at the

time of purchase. The size of companies in the Russell 2500 Index may change

with market conditions. In addition, changes to the composition of the Russell

2500 Index can change the market capitalization range of the companies included

in the index. As of June 30, 2011, the market capitalization range of the

Russell 2500 Index was between $76 million and $7.5 billion. However, the Fund

generally excludes securities with market capitalizations less than $400 million

at time of purchase. The Fund may invest in companies in emerging markets. The

Walden SMID Cap Innovations Fund incorporates comprehensive written

environmental, social and governance (ESG) guidelines in the selection of

individual securities and in portfolio construction. The Fund also seeks to

strengthen ESG performance and accountability of portfolio companies through

proxy voting, shareholder engagement and public policy advocacy. In selecting

stocks,Walden Asset Management ("Walden"), an affiliate of the Adviser, favors

investment in companies and institutions it deems to have relatively strong ESG

records and seeks to avoid those with inferior ESG performance relative to

peers. After investing in a company, Walden may also choose to pursue

shareholder advocacy to encourage stronger corporate responsibility and

accountability.



Walden researches, evaluates and seeks to promote corporate responsibility in

five broad areas of concern: products and services, workplace conditions,

community impact, environmental impact and corporate governance. Hence, in each

of the five broad areas identified above, and notwithstanding other investment

considerations, Walden favors companies judged to demonstrate best practices

relative to peers, improvement over time, robust management systems and

accountability through standardized public reporting and responsiveness to

shareholders.
Principal Investment Risks
All investments carry a certain amount of risk and the Fund cannot guarantee

that it will achieve its investment objective. The value of the Fund's

investments will fluctuate with market conditions and interest rates and the

value of your investment in the Fund will also vary. You could lose money on

your investment in the Fund, or the Fund could underperform other investments.

Investments in the Fund are not deposits of Boston Trust Investment Management,

Inc. (the "Adviser") or Boston Trust & Investment Management Company and are

not insured or guaranteed by the Federal Deposit Insurance Corporation or any

other government agency. Below are the main risks of investing in the Fund.



Market Risk: Market risk refers to the risk related to investments in securities

in general and the daily fluctuations in the securities markets.



Equity Risk: The value of the equity securities held by the Fund, and thus the

value of the Fund's shares, can fluctuate -- at times dramatically.



Small to Mid Cap Company Risk: These companies, which may be newer and have

limited product lines, may be subject to greater market risks and fluctuations

in value than large capitalization companies and may not correspond to changes

in the stock market in general.



Foreign Investment Risk: Foreign investing involves risks not typically

associated with U.S. investments, including adverse political, social and

economic developments and differing auditing and legal standards. These risks

are magnified in "emerging markets."
Performance
The Fund has less than a full year of investment operations, thus no performance

information is presented for the Fund at this time. In the future, performance

information will be presented in this section of the prospectus. Also,

shareholder reports containing financial and performance information will be

mailed to shareholders semi-annually. Updated performance information will be

available at no cost by visiting www.btim.com or by calling 1-800-282-8782,

extension 7050.