XML 38 R72.htm IDEA: XBRL DOCUMENT  v2.3.0.11
HANCOCK HORIZON GOVERNMENT MONEY MARKET FUND (Third Prospectus Summary) | HANCOCK HORIZON GOVERNMENT MONEY MARKET FUND
GOVERNMENT MONEY MARKET FUND
INVESTMENT OBJECTIVE
The Government Money Market Fund (the "Fund" or the "Money Market Fund") seeks
to preserve principal value and maintain a high degree of liquidity while
providing current income.
FUND FEES AND EXPENSES
This table describes the fees and expenses that you may pay if you buy and hold
Trust Class 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
HANCOCK HORIZON GOVERNMENT MONEY MARKET FUND
TRUST CLASS SHARES
Management Fees 0.40%
Other Expenses 0.22%
Total Annual Fund Operating Expenses 0.62%
Less Fee Reductions and/or Expense Reimbursements (0.04%)
Total Annual Fund Operating Expenses After Fee Reductions and/or Expense Reimbursements [1] 0.58%
[1] Horizon Advisers (the "Adviser") has contractually agreed to reduce its 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 0.58% of the Fund's Trust Class Shares' average daily net assets 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 0.58% 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) day's prior written notice to the Trust, effective as of the close of business on May 31, 2012.
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 (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
HANCOCK HORIZON GOVERNMENT MONEY MARKET FUND TRUST CLASS SHARES
59 194 342 770
PRINCIPAL INVESTMENT STRATEGY
Under normal circumstances, the Fund invests at least 80% of its assets in
obligations issued or guaranteed as to principal or interest by the U.S.
government or its agencies or instrumentalities, including obligations issued
by private issuers that are guaranteed as to principal or interest by the U.S.
government, its agencies or instrumentalities, and repurchase agreements
secured by such instruments.  This investment policy can be changed by the Fund
upon 60 days' notice to shareholders. The securities in which the Fund invests
may include those backed by the full faith and credit of the U.S. government
and those that are neither insured nor guaranteed by the U.S. government.

The Fund is managed in accordance with Rule 2a-7 under the Investment Company
Act of 1940, as amended (the "1940 Act"), which governs the operations of money
market funds. Accordingly, for example the Fund will have an average
dollar-weighted maturity of 60 days or less and a dollar-weighted average life
to maturity of 120 days or less, and will only acquire securities that have a
remaining maturity of 397 days (about 13 months) or less, at the time of
purchase.  The Adviser actively adjusts the average maturity of the Fund in
response to its outlook on the various economic factors which influence the
market for short-term fixed income instruments and future interest rate
predictions.
PRINCIPAL RISKS
As with all mutual funds, a shareholder is subject to the risk that his or her
investment 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. In addition,
although a money market fund seeks to keep a constant price per share of $1.00,
you may lose money by investing in the Fund. The principal risk factors
affecting shareholders' investments in the Fund are set forth below.

INTEREST RATE RISK -- Although the Fund's U.S. government securities are
considered to be among the safest investments, they are not guaranteed against
price movements due to changing interest rates.  Accordingly, an investment in
the Fund is subject to interest rate risk, which is the possibility that the
Fund's yield will decline due to falling interest rates.

CREDIT RISK -- Obligations issued by some U.S. government agencies are backed
by the U.S. Treasury, while others are backed solely by the ability of the
agency to borrow from the U.S. Treasury or by the agency's own resources. Thus,
the Fund is subject to the risk that an issuer may be unable to pay interest
and principal when due, and the value of a security may decline if the issuer
defaults or if its credit quality deteriorates.

COUNTERPARTY RISK -- The Fund may enter into repurchase agreements where a
financial institution (a "counterparty") sells the Fund securities and agrees
to repurchase them at an agreed-upon date and price. The Fund is subject to the
risk that a counterparty could default and/or fail to honor the terms of its
agreement.
PERFORMANCE INFORMATION
The bar chart and the performance table below illustrate the risks and
volatility of an investment in the Fund by showing changes in the Fund's
performance from year to year and by showing the Fund's average annual total
returns for 1, 5 and 10 years and since inception. Of course, the Fund's past
performance (before and after taxes) does not necessarily indicate how the Fund
will perform in the future. Prior to January 8, 2009, the Fund invested
exclusively in, and from January 8, 2009 to March 8, 2009, the Fund invested
at least 80% of its assets in, short-term money market instruments issued by
the U.S. Treasury and backed by its full faith and credit, and repurchase
agreements involving such obligations. As a result, the performance shown below
for periods prior to March 8, 2009 may have differed had the Fund's current
investment strategy been in effect during those periods.  Updated performance
information is available on the Fund's website at www.hancockhorizonfunds.com.
Bar Chart
Best Quarter Worst Quarter
1.22%         0.00%
(03/31/01)    (03/31/10)

The performance information shown above is based on a calendar year. The Fund's
performance from 1/1/11 to 3/31/11 was 0.00%.

Call 1-800-990-2434 for the Fund's current 7-day yield.
AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2010
Average Annual Total Returns
Average Annual Returns, Label
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
HANCOCK HORIZON GOVERNMENT MONEY MARKET FUND TRUST CLASS SHARES
Government Money Market Fund Trust Class Shares 0.01% 1.96% 1.80% 2.03% May 31, 2000
Call 1-800-990-2434 for the Fund's current 7-day yield.