HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND (Prospectus Summary) | HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND

DIVERSIFIED INTERNATIONAL FUND

INVESTMENT OBJECTIVE

The Diversified International Fund (the "Fund") seeks long-term capital
appreciation.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold
shares of the Fund. You may qualify for sales charge discounts if you and your
family invest, or agree to invest in the future, at least $50,000 in Class A
Shares of the Hancock Horizon Funds. More information about these and other
discounts is available from your financial professional and in the section
"Sales Charges" on page 55 of the prospectus.

SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT)

Shareholder Fees HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND	TRUST CLASS SHARES	CLASS A SHARES		CLASS C SHARES
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)	none	5.25%	[1]	none
Maximum Deferred Sales Charge (Load) (as a percentage of net asset value)	none	none		none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions (as a percentage of offering price)	none	none		none
Redemption Fee (as a percentage of amount redeemed, if applicable)	none	none		none

ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)

Annual Fund Operating Expenses HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND		TRUST CLASS SHARES	CLASS A SHARES	CLASS C SHARES
Management Fees		1.00%	1.00%	1.00%
Distribution (12b-1) Fees		none	none	0.75%
Shareholder Servicing Fees		none	0.25%	0.25%
Other Operating Expenses		0.44%	0.44%	0.44%
Total Other Expenses		0.44%	0.69%	0.69%
Acquired Fund Fees and Expenses		0.03%	0.03%	0.03%
Total Annual Fund Operating Expenses	[1][2]	1.47%	1.72%	2.47%
Plus Management Fees Recaptured		0.0006	0.0006	0.0006
Total Annual Fund Operating Expenses Plus Mangement Fees Recaptured		1.53%	1.78%	2.53%

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 then redeem all of your shares at the end of those periods.  The
Example also assumes that your investment has a 5% return each year and that
the Fund's operating expenses (including one year of capped expenses in each
period) remain the same.

Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
TRUST CLASS SHARES	150	465	803	1,757
CLASS A SHARES	691	1,038	1,409	2,449
CLASS C SHARES	250	770	1,316	2,806

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 its most recent fiscal year, the Fund's portfolio turnover
rate was 3% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGY

The Fund seeks long-term capital appreciation by investing primarily in equity
securities of foreign companies. The Fund may also purchase American Depositary
Receipts ("ADRs"), European Depositary Receipts ("EDRs") and Global Depositary
Receipts ("GDRs" and, together with ADRs and EDRs, "Depositary Receipts"),
which are certificates typically issued by a bank or trust company that
represent securities issued by a foreign or domestic company. The Fund's
investments are ordinarily diversified among currencies, regions and countries,
including emerging market countries, as determined by the Fund's sub-adviser,
EARNEST Partners, LLC (the "Sub-Adviser"). In addition, the Fund may invest in
other investment companies, including mutual funds, closed-end funds and
exchange-traded funds ("ETFs").

The Sub-Adviser is a fundamental, bottom-up investment manager that seeks to
construct a portfolio that will outperform the Fund's benchmark, the MSCI ACWI
ex U.S. Index, while controlling volatility and risk. The Sub-Adviser
implements this philosophy through fundamental analysis, risk management that
seeks to minimize the likelihood of underperformance, and the use of RETURN
PATTERN RECOGNITION(R), a screening tool developed by the Sub-Adviser. Using
this tool, potential Fund investments are first screened based on such qualities
as valuation measures, market trends, operating trends, growth measures, profitability
measures, and macroeconomics. After screening the relevant universe, the Sub-Adviser
utilizes fundamental analysis and a statistical risk management approach to select Fund
investments.

The Sub-Adviser may sell a security if the company's prospects deteriorate as a
result of poor business plan execution, new competitors, management changes, a
souring business environment or other adverse effects. In addition, if the
investment process identifies a company with more attractive return and risk
characteristics, the Sub-Adviser may sell a current security and replace it
with the more attractive alternative.

PRINCIPAL RISKS

As with all mutual funds, a shareholder is subject to the risk that an
investment in the Fund could lose money. A FUND SHARE IS NOT A BANK DEPOSIT AND
IT IS NOT INSURED OR GUARANTEED BY THE FDIC OR ANY GOVERNMENT AGENCY.  The
principal risk factors affecting shareholders' investments in the Fund are set
forth below.

Since it purchases common stocks, the Fund is subject to the risk that stock
prices will fall over short or extended periods of time. Historically, the
equity market has moved in cycles, and the value of the Fund's securities may
fluctuate from day to day. Individual companies may report poor results or be
negatively affected by industry and/or economic trends and developments. The
prices of securities issued by such companies may suffer a decline in response.
These factors contribute to price volatility, which is the principal risk of
investing in the Fund.

Investing in foreign companies poses additional risks since political and
economic events unique to a country or region will affect those markets and
their issuers. These risks will not necessarily affect the U.S. economy or
similar issuers located in the United States. In addition, investments in
foreign companies are generally denominated in a foreign currency, the value of
which may be influenced by currency exchange rates and exchange control
regulations. Changes in the value of a currency compared to the U.S. dollar may
affect (positively or negatively) the value of the Fund's investments. These
currency movements may occur separately from, and in response to, events that
do not otherwise affect the value of the security in the issuer's home country.
While Depositary Receipts provide an alternative to directly purchasing the
underlying foreign securities in their respective national markets and
currencies, investments in Depositary Receipts continue to be subject to many
of the risks associated with investing directly in foreign securities.

The Fund may invest in companies located or doing business in emerging market
countries. An "emerging market" country is any country determined by the
Sub-Adviser to have an emerging market economy, considering factors such as the
country's credit rating, its political and economic stability and the
development of its financial and capital markets. Typically, emerging markets
are in countries that are in the process of industrialization, with lower gross
national products than more developed countries. Investments in emerging market
securities are considered speculative and subject to heightened risks in
addition to the general risks of investing in non-U.S. securities. Unlike more
established markets, emerging markets may have governments that are less
stable, markets that are less liquid and economies that are less developed. In
addition, emerging market securities may be subject to smaller market
capitalization of securities markets, which may suffer periods of relative
illiquidity; significant price volatility; restrictions on foreign investment;
and possible restrictions on repatriation of investment income and capital.
Furthermore, foreign investors may be required to register the proceeds of
sales, and future economic or political crises could lead to price controls,
forced mergers, expropriation or confiscatory taxation, seizure, nationalization
or creation of government monopolies.  Moreover, the currencies of emerging
market countries may experience significant declines against the U.S. dollar,
and devaluation may occur subsequent to investments in these currencies by the
Fund. Inflation and rapid fluctuations in inflation rates have had, and may
continue to have, negative effects on the economies and securities markets
of certain emerging market countries.

ETFs are pooled investment vehicles, such as registered investment companies
and grantor trusts, whose shares are listed and traded on U.S. stock exchanges
or otherwise traded in the over-the-counter market. To the extent the Fund
invests in other investment companies, such as ETFs, closed-end funds and other
mutual funds, the Fund will be subject to substantially the same risks as those
associated with the direct ownership of the securities held by such other
investment companies. As a shareholder of another investment company, the Fund
relies on that investment company to achieve its investment objective. If the
investment company fails to achieve its objective, the value of the Fund's
investment could decline, which could adversely affect the Fund's performance.
By investing in another investment company, Fund shareholders indirectly bear
the Fund's proportionate share of the fees and expenses of the other investment
company, in addition to the fees and expenses that Fund shareholders directly
bear in connection with the Fund's own operations. The Fund does not intend to
invest in other investment companies unless the Adviser believes that the
potential benefits of the investment justify the payment of any additional fees
or expenses. Federal securities laws impose limitations on the Fund's ability
to invest in other investment companies.

Because closed-end funds and ETFs are listed on national stock exchanges and
are traded like stocks listed on an exchange, their shares potentially may
trade at a discount or premium. Investments in closed-end funds and ETFs are
also subject to brokerage and other trading costs, which could result in
greater expenses to the Fund. In addition, because the value of closed-end
funds and ETF shares depends on the demand in the market, the Adviser may not
be able to liquidate the Fund's holdings at the most optimal time, which could
adversely affect Fund performance.

PERFORMANCE INFORMATION

The bar chart and the performance table below illustrate the risks and
volatility of an investment in the Trust Class Shares of the Fund by showing
changes in the Fund's Trust Class Shares' performance from year to year and by
showing how the Fund's Trust Class Shares' average annual total returns for 1
year and since inception compare with those of a broad measure of market
performance. Of course, the Fund's past performance (before and after taxes)
does not necessarily indicate how the Fund will perfom in the future. Updated
performance information is available on the Fund's website at
www.hancockhorizonfunds.com.

BEST QUARTER     WORST QUARTER
33.37%           (12.21)%
(06/30/09)       (06/30/10)

The performance information shown above is based on a calendar year. The Fund's
performance from 1/1/11 to 3/31/11 was 6.90% .

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 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. After-tax returns are shown for
only the Trust Class Shares. After-tax returns for other classes will vary.

AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2010

Average Annual Total Returns HANCOCK HORIZON DIVERSIFIED INTERNATIONAL FUND	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
TRUST CLASS SHARES	Fund Returns Before Taxes Trust Class Shares	15.37%	15.14%	Sep. 30, 2008
CLASS A SHARES	Fund Returns Before Taxes Class A Shares (reflects a Maximum Sales Charge of 5.25%)	9.05%	12.15%	Sep. 30, 2008
CLASS C SHARES	Fund Returns Before Taxes Class C Shares	14.26%	13.99%	Sep. 30, 2008
After Taxes on Distributions TRUST CLASS SHARES	Fund Returns After Taxes on Distributions Trust Class Shares	15.40%	15.11%	Sep. 30, 2008
After Taxes on Distributions and Sales TRUST CLASS SHARES	Fund Returns After Taxes on Distributions and Sale of Fund Shares Trust Class Shares	10.28%	13.10%	Sep. 30, 2008
MSCI ACWI ex U.S. Index	MSCI ACWI ex U.S. Index (reflects no deduction for fees, expenses, or taxes)	11.15%	9.28%	Sep. 30, 2008
Lipper International Multi-Cap Core Classification	Lipper(R) International Multi-Cap Core Classification	11.41%	7.88%	Sep. 30, 2008

[1] Class A Shares purchased in amounts of $1,000,000 or more without a front-end sales charge may be subject to a contingent deferred sales charge if redeemed within 18 months of purchase.

[1] Horizon Advisers (the "Adviser") has contractually agreed to reduce fees and reimburse expenses to the extent necessary to keep Total Annual Fund Operating Expenses after Fee Reductions and/or Expense Reimbursements (excluding interest, taxes, brokerage commissions, Acquired Fund Fees and Expenses, and extraordinary expenses) from exceeding 1.50%, 1.75%, and 2.50% of the Fund's average daily net assets of the Trust Class, Class A and Class C Shares, respectively, until May 31, 2012. If at any point it becomes unnecessary for the Adviser to reduce fees or make expense reimbursements, the Board may permit the Adviser to retain the difference between the Total Annual Fund Operating Expenses and 1.50% for Trust Class Shares, 1.75% for Class A Shares and 2.50% for Class C Shares to recapture all or a portion of its prior fee reductions or expense reimbursements made during the preceding three-year period during which this agreement was in place. This Agreement may be terminated: (i) by the Board, for any reason at any time; or (ii) by the Adviser, upon ninety (90) days' prior written notice to the Trust, effective as of the close of business on May 31, 2012.

[2] The Total Annual Fund Operating Expenses in this fee table, before and after fee recapture, include fees and expenses incurred indirectly by the Fund as a result of investment in shares of other investment companies (each, an "acquired fund") and do not correlate to the expense ratio in the Fund's Financial Highlights, which reflects only the direct operating expenses incurred by the Fund.