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Frost Kempner Treasury and Income Fund (First Prospectus Summary) | Frost Kempner Treasury and Income Fund
FROST KEMPNER TREASURY AND INCOME FUND
INVESTMENT OBJECTIVE 
The Frost Kempner Treasury and Income Fund (the "Fund") seeks to provide

current income consistent with the preservation of capital.
FUND FEES AND EXPENSES 
The table below describes the fees and expenses that you may pay if you buy and

hold Class A 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 $100,000

in Class A Shares of the Frost Funds (Class A Shares purchased without an

initial sales charge may be subject to a contingent deferred sales charge if

redeemed within 12 months of purchase). More information about these and other

discounts is available from your financial professional and in the section

"Sales Charges" on page 104 of this prospectus.
SHAREHOLDER FEES (FEES PAID DIRECTLY FROM YOUR INVESTMENT)
Shareholder Fees
Frost Kempner Treasury and Income Fund
Class A Shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 3.00%
Maximum Deferred Sales Charge (Load) (as a percentage of net asset value) none
Maximum Sales Charge (Load) Imposed on Reinvested Dividends and Other Distributions (as a percentage of offering price) 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
Frost Kempner Treasury and Income Fund
Class A Shares
Management Fees 0.35%
Distribution (12b-1) Fees 0.25%
Other Expenses [1] 0.41%
Acquired Fund Fees and Expenses [2] 0.03%
Total Annual Fund Operating Expenses 1.04%
[1] Other Expenses are based on estimated amounts for the current fiscal year.
[2] Acquired Fund Fees and Expenses are based on estimated amounts for the current fiscal year.
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 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
Frost Kempner Treasury and Income Fund Class A Shares
 403 621 857 1,533
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 5% of the average value of its portfolio.
PRINCIPAL INVESTMENT STRATEGIES 
Under normal circumstances, the Fund invests at least 80% of its net assets in

full faith and credit U.S. Treasury obligations. This investment policy may be

changed by the Fund upon 60 days' prior notice to shareholders. In selecting

investments for the Fund, the Fund's sub-adviser, Kempner Capital Management,

Inc. ("KCM"), tries to increase income without adding undue risk by analyzing

yields. The Fund's investments include Treasury bonds, Treasury notes, Treasury

Inflated Protection Securities and short-term U.S. government money market

funds. In evaluating a security for the Fund's portfolio, KCM considers, among

other factors, the security's interest rate, yield and maturity. KCM actively

manages the maturity of the Fund and its portfolio to maximize the Fund's yield

based on current market interest rates and KCM's outlook on the market.



The Fund may invest in full faith and credit money market instruments.  The

percentage of the Fund invested in such holdings varies depending on various

factors, including market conditions. Consistent with preservation of capital,

a larger percentage of the Fund's net assets may be invested in cash or money

market instruments in order to provide capital and reduce the magnitude of loss

in a period of falling market prices.
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. The principal risks

affecting shareholders' investments in the Fund are set forth below.



INTEREST RATE RISK -- As with most funds that invest in debt securities, changes

in interest rates are one of the most important factors that could affect the

value of your investment. Rising interest rates tend to cause the prices of

debt securities (especially those with longer maturities) and the Fund's share

price to fall. Rising interest rates may also cause investors to pay off

mortgage-backed and asset-backed securities later than anticipated, forcing the

Fund to keep its money invested at lower rates. Falling interest rates,

however, generally cause investors to pay off mortgage-backed and asset-backed

securities earlier than expected, forcing the Fund to reinvest the money at a

lower interest rate.



The concept of duration is useful in assessing the sensitivity of a fixed

income fund to interest rate movements, which are the main source of risk for

most fixed-income funds. Duration measures price volatility by estimating the

change in price of a debt security for a 1% change in its yield. For example,

a duration of five years means the price of a debt security will change about 5%

for every 1% change in its yield. Thus, the higher duration, the more volatile

the security.



Debt securities have a stated maturity date when the issuer must repay the

principal amount of the bond. Some debt securities, known as callable bonds,

may repay the principal earlier than the stated maturity date. Debt securities

are most likely to be called when interest rates are falling because the issuer

can refinance at a lower rate. Mutual funds that invest in debt securities have

no real maturity. Instead, they calculate their weighted average maturity. This

number is an average of the effective or anticipated maturity of each debt

security held by the mutual fund, with the maturity of each security weighted

by the percentage of its assets of the mutual fund it represents.



CREDIT RISK -- The credit rating or financial condition of an issuer may affect

the value of a debt security. Generally, the lower the quality rating of a

security, the greater the risk that the issuer will fail to pay interest fully

and return principal in a timely manner. If an issuer defaults or becomes

unable to honor its financial obligations, the security may lose some or all of

its value. The issuer of an investment-grade security is more likely to pay

interest and repay principal than an issuer of a lower rated bond. Adverse

economic conditions or changing circumstances, however, may weaken the capacity

of the issuer to pay interest and repay principal.



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. 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 government sponsored

agency's own resources. As a result, investments in securities issued by

government sponsored agencies that are not backed by the U.S. Treasury are

subject to higher credit risk than those that are.
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 how the Fund's average annual

total returns for 1 year and since inception compare with those of a broad

measure of market performance.



Class A Shares of the Fund do not have a full calendar year of performance.

Consequently, the bar chart shows the performance of the Fund's Institutional

Class Shares from year to year and the performance table compares the average

annual total returns of the Fund's Institutional Class Shares to those of a

broad measure of market performance.  The Fund's Institutional Class Shares are

offered in a separate prospectus. Class A Shares of the Fund would have

substantially similar performance as Institutional Class Shares because the

shares are invested in the same portfolio of securities and the annual returns

would differ only to the extent that the expenses of the Class A Shares are

higher than the expenses of the Institutional Class Shares and, therefore,

returns for the Class A Shares would be lower than those of the Institutional

Class Shares. Institutional Class Shares performance presented has been

adjusted to reflect the Distribution (12b-1) fees and, for the performance

table, the Maximum Sales Charge (Load), applicable to Class A Shares.



Institutional Class Shares first became available on April 25, 2008, when the

Fund succeeded to the assets and operations of a common trust fund that was

managed by The Frost National Bank and sub-advised by KCM (the "Predecessor

Fund").  The performance information provided includes the returns of the

Predecessor Fund for periods prior to April 25, 2008. Because the Predecessor

Fund was not a registered mutual fund, it was not subject to the same

investment and tax restrictions as the Fund; if it had been, the

Predecessor Fund's performance may have been lower.  Although the Predecessor

Fund commenced operations prior to the periods shown, the earliest date for

which its performance can be calculated applying the relevant performance

standards is November 30, 2006 ("Performance Start Date").



Of course, the Fund's past performance (before and after taxes) does not

necessarily indicate how the Fund will perform in the future. Updated

performance information is available on the Fund's website at www.frostbank.com

or by calling 1-877-71-FROST.
Bar Chart 
BEST QUARTER     WORST QUARTER

4.44%           (1.35)%

(06/30/2010)     (12/31/2010)



The performance information shown above is based on a calendar year. The Fund's

performance for Institutional Class Shares from 1/1/11 to 9/30/11 was 8.49%.
 
This table compares the Fund's Institutional Class Shares' average annual total

returns for the periods ended December 31, 2010 to those of the Barclays

Capital Treasury Bond Index. After-tax returns cannot be calculated for periods

before the Fund's registration as a mutual fund and they are, therefore,

unavailable for the period since the Performance Start Date.



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.
AVERAGE ANNUAL TOTAL RETURNS FOR PERIODS ENDED DECEMBER 31, 2010
Average Annual Total Returns Frost Kempner Treasury and Income Fund
Average Annual Returns, Label
Average Annual Returns, 1 Year
Average Annual Returns, Since Inception
Average Annual Returns, Inception Date
Average Annual Returns, Since Inception Secondary
Average Annual Returns, Inception Date Secondary
Class A Shares
 FUND RETURN BEFORE TAXES 2.27% 4.11% Nov. 30, 2006    
Class A Shares After Taxes on Distributions
 FUND RETURN AFTER TAXES ON DISTRIBUTIONS 2.18%         
Class A Shares After Taxes on Distributions and Sales
 FUND RETURN AFTER TAXES ON DISTRIBUTIONS AND SALE OF FUND SHARES 1.87%         
Barclays Capital Treasury Bond Index Return
 BARCLAYS CAPITAL TREASURY BOND INDEX RETURN (REFLECTS NO DEDUCTION FOR FEES, EXPENSES, OR TAXES) 5.87% 5.73% Nov. 30, 2006 5.73% Nov. 30, 2006