0000910472-13-001535.txt : 20130425 0000910472-13-001535.hdr.sgml : 20130425 20130425101011 ACCESSION NUMBER: 0000910472-13-001535 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130425 DATE AS OF CHANGE: 20130425 EFFECTIVENESS DATE: 20130425 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northern Lights Variable Trust CENTRAL INDEX KEY: 0001352621 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-131820 FILM NUMBER: 13781283 BUSINESS ADDRESS: STREET 1: 450 WIRELESS BLVD. CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 631-470-2600 MAIL ADDRESS: STREET 1: 450 WIRELESS BLVD. CITY: HAUPPAUGE STATE: NY ZIP: 11788 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Northern Lights Variable Trust CENTRAL INDEX KEY: 0001352621 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21853 FILM NUMBER: 13781284 BUSINESS ADDRESS: STREET 1: 450 WIRELESS BLVD. CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 631-470-2600 MAIL ADDRESS: STREET 1: 450 WIRELESS BLVD. CITY: HAUPPAUGE STATE: NY ZIP: 11788 0001352621 S000040400 Probabilities VIT Fund C000125514 Probabilities VIT Fund Class 1 Shares C000128389 Probabilities VIT Fund Class 2 Shares 485BPOS 1 f485bxbrl.htm 485BPOS GemCom, LLC

Securities Act File No. 333-131820

ICA No. 811- 21853


As filed with the Securities and Exchange Commission on April 25 , 2013


SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549


FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933   [   ]


Pre-Effective Amendment No.    ____ [   ]


 Post-Effective Amendment No.   _ 93 [X]


and/or


REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940  [   ]


                        Amendment No.                              94                                            [X]

(Check Appropriate Box or Boxes)


Northern Lights Variable Trust

(Exact Name of Registrant as Specified in Charter)

17605 Wright Street

Omaha, NE 68130

Attention:  Michael Miola

 (Address of Principal Executive Offices)(Zip Code)


(631) 470-2600

 (Registrant's Telephone Number, Including Area Code)

The Corporation Trust Company

Corporate Trust Center

1209 Orange Street

Wilmington, DE 19801

(Name and Address of Agent for Service)


With copies to:

JoAnn M. Strasser, Esq.

Thompson Hine LLP

41 South High Street, Suite 1700

Columbus, Ohio 43215

614-469-3265 (phone)

513-241-4771 (fax)

James P. Ash, Esq.

Gemini Fund Services, LLC

80 Arkay Drive, Suite 110.

Hauppauge, New York 11788

(631) 470-2619 (phone)

(631) 813-2884 (fax)


  Approximate Date of Proposed Public Offering


It is proposed that this filing will become effective (check appropriate box):

(X)

immediately upon filing pursuant to paragraph (b).

( )

on (date) pursuant to paragraph (b).

(  )

60 days after filing pursuant to paragraph (a)(1).

( )

on (date) pursuant to paragraph (a)(1).

(  )

75 days after filing pursuant to paragraph (a)(2).

( )

on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate check the following box:  

( )

this post-effective amendment designates a new effective date for a previously filed post-effective amendment.


This filing relates solely to the Probabilities VIT Fund, a series of the Trust.

Signatures

Pursuant to the requirements of the Securities Act of 1933, as amended, and Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 93 to the Registration Statement on Form N-1A to be signed on its behalf by the undersigned, duly authorized in the City of Hauppauge, State of New York on this 25th day of April, 2013.


NORTHERN LIGHTS VARIABLE TRUST

(Registrant)


/s/ Andrew Rogers

By: Andrew Rogers,

President and Principal Executive Officer


Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.



Michael Miola*


Trustee & Chairman


April 25, 2013


John V. Palancia*


Trustee


April 25, 2013


Gary Lanzen*


Trustee


April 25, 2013

 

Anthony Hertl*


Trustee


April 25, 2013

 

Mark Taylor*


Trustee


April 25, 2013


/s/ Andrew Rogers

Andrew Rogers


President and Principal Executive Officer


April 25, 2013


Kevin Wolf*


Treasurer and Principal Accounting Officer


April 25, 2013



By:                                     Date:

/s/ James Ash     

April 25, 2013

James Ash

*Attorney-in-Fact-Pursuant to Powers of Attorney previously filed on April 7, 2011 to the Registrant’s Registration Statement in Post-Effective Amendment No. 32, and hereby incorporated by reference.


EXHIBIT INDEX

 

Index No.

 

Description of Exhibit

EX-101.INS

 

XBRL Instance Document

EX-101.SCH

 

XBRL Taxonomy Extension Schema Document

EX-101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase

EX-101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

EX-101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

EX-101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase




EX-101.INS 2 nlvt-20130418.xml 0001352621 2013-04-18 2013-04-18 0001352621 nlvt:S000040400Member 2013-04-18 2013-04-18 0001352621 nlvt:S000040400Member nlvt:C000125514Member 2013-04-18 2013-04-18 0001352621 nlvt:S000040400Member nlvt:C000128389Member 2013-04-18 2013-04-18 iso4217:USD xbrli:pure 485BPOS 2013-04-18 Northern Lights Variable Trust 0001352621 false nlf 2013-04-18 2013-04-18 2013-04-15 <p style="margin: 0px; font-size: 14pt"><b>PROBABILITIES VIT FUND</b></p> <p style="margin: 0px"><b>Investment Objective:</b></p> <p style="margin: 0px">The Probabilities VIT Fund (the &#147;Portfolio&#148;) seeks capital appreciation.</p> <p style="margin: 0px"><b>Fees and Expenses of the Portfolio:</b></p> <p style="margin: 0px">This table describes the annual operating expenses that you may indirectly pay if you invest in the Portfolio through your retirement plan or if you allocate your insurance contract premiums or payments to the Portfolio. However, each insurance contract and separate account involves fees and expenses that are not described in this Prospectus. If the fees and expenses of your insurance contract or separate account were included in this table, your overall expenses would be higher. You should review the insurance contract prospectus for a complete description of fees and expenses.</p> <p style="margin: 0px"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="margin: 0px"><b>Example:</b></p> <p style="margin: 0px"><b>Portfolio Turnover:</b></p> <p style="margin: 0px">The Portfolio pays transaction costs, such as commissions, when it buys and sells securities (or &#34;turns over&#34; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Example, affect the Portfolio's performance.</p> <p style="margin: 0px"><b>Principal Investment Strategies:</b></p> <p style="margin: 0px">The Portfolio utilizes a &#145;&#145;fund of funds&#146;&#146; structure to invest primarily in exchange-traded funds (&#147;ETFs&#146;&#146;) that seek to track the performance of broad-based U.S. equity indices, principally the Standard &#38; Poor's 500 (&#147;S&#38;P 500&#148;) (&#147;Index ETFs&#148;). The Portfolio also invests in ETFs that employ leverage in an effort to deliver up to twice the performance of the S&#38;P 500 (&#147;Leveraged ETFs&#148;). In addition, the Portfolio may hold cash, money market instruments, or other cash equivalents (collectively, &#147;Cash Instruments&#148;).</p> <p style="margin-top: 6px">The adviser uses an active trading strategy based on a proprietary rules-based trend-following methodology to determine the Portfolio&#146;s allocation among Index ETFs, Leveraged ETFs, and Cash Instruments. The Portfolio typically invests in either ETFs or Cash Instruments depending on the adviser&#146;s assessment of the market. When the adviser believes that conditions are favorable for investment in equities, the Portfolio will invest in ETFs. During periods that the adviser believes will offer the highest probability of capital appreciation, the Portfolio will invest primarily in Leveraged ETFs; otherwise, the Portfolio will invest primarily in Index ETFs. When the adviser believes that market conditions are unfavorable for equities, the Portfolio will invest in Cash Instruments.</p> <p style="margin-top: 6px">The Portfolio&#146;s investment program will emphasize active management of the Portfolio&#146;s investments, with an emphasis on capturing profits on short-term movements. This policy will result in the Portfolio taking frequent trading positions. Consequently, the Portfolio&#146;s portfolio turnover and brokerage commission expenses may exceed those of most investment entities of comparable size.</p> <p style="margin: 0px"><b>Principal Investment Risks:</b></p> <p style="margin: 0px"><b><i>Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Portfolio. The Portfolio is not intended to be a complete investment program. The principal risks of investing in the Portfolio are:</i></b></p> <p style="margin-top: 6px">&#149; <i>ETFs Risk.</i> ETFs are subject to investment advisory and other expenses, which will be indirectly paid by the Portfolio. As a result, your cost of investing in the Portfolio will be higher than the cost of investing directly in the ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Each ETF is subject to specific risks, depending on its investments. Leveraged ETFs employ leverage, which magnifies the changes in the value of the Leveraged ETFs, which could result in significant losses to the Portfolio.</p> <p style="margin-top: 6px">&#149; <i>Limited History of Operations.</i> The Portfolio is a new mutual fund and has a limited history of operations for investors to evaluate. Additionally, the Adviser has not previously managed a mutual fund.</p> <p style="margin-top: 6px">&#149; <i>Management Risk.</i> The adviser's judgments about the attractiveness, value and potential appreciation of particular security or derivative in which the Portfolio invests or sells short may prove to be incorrect and may not produce the desired results.</p> <p style="margin-top: 6px">&#149; <i>Stock Market Risk.</i> Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.</p> <p style="margin-top: 6px">&#149; <i>Turnover Risk.</i> A higher portfolio turnover may result in higher transactional and brokerage costs.</p> <p style="margin: 0px"><b>Performance:</b></p> <p style="margin: 0px">Because the Portfolio has less than a full calendar year of investment operations, no performance information is presented for the Portfolio at this time. However, prior performance of the adviser&#146;s similarly managed fund is presented under &#147;Management of the Portfolio&#148; below. In the future, Portfolio 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.probabilitiesfund.com or by calling 1-855-224-7204.</p> 0.0135 0.0135 0.0035 0.0050 0.0035 0.0035 0.0035 0.0035 243 258 748 793 2014-04-30 Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Portfolio. Because the Portfolio has less than a full calendar year of investment operations, no performance information is presented for the Portfolio at this time. www.probabilitiesfund.com 1-855-224-7204 Estimated for the current fiscal year. <div style="display: none">~ http://probabilitiesfund.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact nlvt_S000040400Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 0.0240 0.0255 <p style="margin: 0px">Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio&#146;s financial highlights because the financial statements include only the direct operating expenses incurred by the Portfolio, not the indirect costs of investing in other investment companies.</p> <p style="margin: 0px">This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.</p> <p style="margin: 0px">The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. However, each insurance contract and separate account involves fees and expenses that are not included in the Example. If these fees and expenses were included in the Example, your overall expenses would be higher. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:</p> <div style="display: none">~ http://probabilitiesfund.com/role/ExpenseExample column period compact * column dei_LegalEntityAxis compact nlvt_S000040400Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Estimated for the current fiscal year. Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio's financial highlights because the financial statements include only the direct operating expenses incurred by the Portfolio, not the indirect costs of investing in other investment companies. The advisor has contractually agreed to waive its fees and reimburse expenses of the Portfolio, at least until April 30, 2014 to ensure that Total Annual Portfolio Operating Expenses After Expense Reimbursements (exclusive of any brokerage fees and commissions, acquired fund fees and expenses, borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary or non-recurring expenses, including, but not limited to, litigation) will not exceed 2.24% and 2.39% for Class 1 and Class 2 shares, respectively, of the average daily net asset value of the Portfolio. These fee waivers and expense reimbursements by the advisor are subject to possible recoupment from the Portfolio in future years on a rolling three-year basis (within the three years after the fees have been waived or reimbursed) if such recoupment can be achieved within the foregoing expense limits. These agreements may be terminated only by the Portfolios Board of Trustees, on 60 days written notice to the adviso EX-101.SCH 3 nlvt-20130418.xsd 0004 - Document - Risk/Return Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 0005 - Schedule - Shareholder Fees link:presentationLink link:calculationLink link:definitionLink 0006 - Schedule - Annual Fund Operating Expenses link:presentationLink link:calculationLink link:definitionLink 0007 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 0008 - Schedule - Expense Example, No Redemption {Transposed} link:presentationLink link:calculationLink link:definitionLink 0009 - Schedule - Annual Total Returns link:presentationLink link:calculationLink link:definitionLink 0010 - Schedule - Average Annual Total Returns {Transposed} link:presentationLink link:calculationLink link:definitionLink 0011 - Document - Risk/Return Detail {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 nlvt-20130418_cal.xml EX-101.DEF 5 nlvt-20130418_def.xml EX-101.LAB 6 nlvt-20130418_lab.xml Probabilities VIT Fund Legal Entity [Axis] Probabilities VIT Fund Class 1 Shares Share Class [Axis] Probabilities VIT Fund Class 2 Shares Prospectus: [Table] Prospectus [Line Items] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management Fees (as a percentage of Assets) Distribution and Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other Expenses (as a percentage of Assets): Acquired Fund Fees and Expenses Expenses (as a percentage of Assets) Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover, Rate Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Heading Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Narrative Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Performance Table Footnotes Performance Table Closing [Text Block] Caption Column Label 1 Year 5 Years 10 Years Since Inception Inception Date Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Expense Example, No Redemption [Table] Bar Chart [Table] Performance [Table] Market Index Performance [Table] Shareholder Fees: Management Fees Distribution and/or Service (12b-1) Fees Other Expenses Total Annual Fund Operating Expenses Expense Example, By Year, Column [Text] 1 Year 3 Years 5 Years 10 Years Expense Example, No Redemption: Expense Example, No Redemption, By Year, Column [Text] Bar Chart Table: Average Annual Return: Risk/Return: Risk/Return Detail [Table] Probabilities VIT Fund Probabilities VIT Fund Class 1 Shares Probabilities VIT Fund Class 1 Shares EX-101.PRE 7 nlvt-20130418_pre.xml XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } EXCEL 9 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]F,3,R,#,X8U\S9F4R7S1E8S=?.&8U8U]C-C)F M8S4Y-#@P86,B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T#I%>&-E;%=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@ M(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7V8Q,S(P,SAC7S-F93)?-&5C-U\X9C5C7V,V M,F9C-3DT.#!A8PT*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]F,3,R M,#,X8U\S9F4R7S1E8S=?.&8U8U]C-C)F8S4Y-#@P86,O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M"<^ M/&(^26YV97-T;65N="!/8FIE8W1I=F4Z/"]B/CPO<#X\"<^5&AE(%!R;V)A8FEL:71I97,@5DE4($9U;F0@*'1H92`F(S$T-SM0;W)T M9F]L:6\F(S$T.#LI('-E96MS(&-A<&ET86P@87!P"<^/&(^1F5E6QE/3-$)VUA'!E;G-E2!P87D@:68@>6]U(&EN=F5S="!I;B!T:&4@4&]R M=&9O;&EO('1H6]U6]U M(&%L;&]C871E('EO=7(@:6YS=7)A;F-E(&-O;G1R86-T('!R96UI=6US(&]R M('!A>6UE;G1S('1O('1H92!0;W)T9F]L:6\N($AO=V5V97(L(&5A8V@@:6YS M=7)A;F-E(&-O;G1R86-T(&%N9"!S97!A'!E M;G-E'!E;G-E'0^/'`@'!E;G-E6]U('!A>2!E86-H('EE87(@87,@82!P97)C96YT M86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S=&UE;G0I/"]P/CQS<&%N M/CPO'!E;G-E2!T:&4@9&ER96-T(&]P97)A=&EN9R!E>'!E;G-E2!T:&4@4&]R=&9O;&EO+"!N;W0@=&AE(&EN9&ER96-T(&-O M'!E;G-E'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G1S("AE>&-L=7-I M=F4@;V8@86YY(&)R;VME'!E;G-E'!E;G-E(&]N('-E M8W5R:71I97,@&5S(&%N9"!E>'1R86]R9&EN87)Y M(&]R(&YO;BUR96-U2!N970@87-S970@ M=F%L=64@;V8@=&AE(%!O'!E M;G-E(&QI;6ET6QE/3-$)VUA&%M<&QE.CPO8CX\+W`^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'`@'0^/'`@&%M<&QE(&%S6]U6]U'!E;G-E2!B92!H:6=H97(@;W(@;&]W97(L(&)A6]U&%M<&QE#0H-"@T*#0I0'0^/'`@6QE/3-$)VUA7,@=')A;G-A8W1I;VX@8V]S=',L('-U8V@@87,@8V]M;6ES2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I M;VX@8V]S=',N(%1H97-E(&-O6QE/3-$)VUA'0^/'`@2!I;F1I8V5S+"!P2!T:&4@ M4W1A;F1A"!%5$9S)B,Q-#@[*2X@5&AE(%!O2!L979E2!H;VQD M(&-A6QE/3-$)VUA"<^5&AE(&%D=FES97(@=7-E2!B87-E9"!O;B!A('!R;W!R:65T87)Y(')U;&5S+6)A2!T;R!D971E"!%5$9S+"!,979E M2P@=&AE(%!O'!E M;G-EF4N/"]P/CQS<&%N/CPO6QE/3-$)VUA6QE/3-$)VUA2!B>2!I;G9E2!T:&4@4&]R=&9O;&EO+B!!2!L979E6QE/3-$)VUA"<^ M)B,Q-#D[(#QI/DQI;6ET960@2&ES=&]R>2!O9B!/<&5R871I;VYS+CPO:3X@ M5&AE(%!O2!P2!N;W0@<')O9'5C92!T M:&4@9&5S:7)E9"!R97-U;'1S+CPO<#X-"@T*/'`@2!R97-U;'0@:6X@:&EG:&5R M('1R86YS86-T:6]N86P@86YD(&)R;VME'0^/'`@'0^/'`@2!M86YA9V5D M(&9U;F0@:7,@<')E2!V M:7-I=&EN9R!W=W7!E.B!T97AT+VAT;6P[(&-H87)S970] M(G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T M<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@ M8VAA5)E9VES=')A;G1. M86UE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#Y.;W)T:&5R;B!, M:6=H=',@5F%R:6%B;&4@5')U4-E;G1R86Q);F1E>$ME>3PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^,#`P,3,U,C8R,3QS<&%N/CPO'0^9F%L6UB;VP\+W1D/@T*("`@("`@("`\ M=&0@8VQA'0^07!R(#$X+`T*"0DR,#$S/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E'!E;G-E'!E;G-E M'!E;G-E17AA;7!L M95EE87(P,3PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE M+"!W:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#$@665A M&%M M<&QE665A#L@9F]N="US:7IE.B`Q-'!T)SX\8CY04D]"04)) M3$E42453(%9)5"!&54Y$/"]B/CPO<#X\"<^ M/&(^26YV97-T;65N="!/8FIE8W1I=F4Z/"]B/CPO<#X\2!;5&5X="!" M;&]C:UT\+W1D/@T*("`@("`@("`\=&0@8VQA"<^5&AE(%!R;V)A8FEL:71I M97,@5DE4($9U;F0@*'1H92`F(S$T-SM0;W)T9F]L:6\F(S$T.#LI('-E96MS M(&-A<&ET86P@87!P6QE/3-$)VUA'!E;G-E'!E;G-E($YA'!E;G-E3F%R"<^5&AI M'!E;G-E'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^"<^ M/&(^06YN=6%L($9U;F0@3W!E65A6QE/3-$)VUA'1";&]C:SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'`@'!E;G-E'!E;G-E'!E;G-E6QE/3-$)VUA&%M<&QE(%M(96%D:6YG73PO M=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE M2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&@^6QE/3-$)VUA&%M<&QE(&)Y+"!996%R+"!#87!T:6]N(%M497AT73PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S&%M<&QE0GE996%R0V%P M=&EO;CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@&%M<&QE(&%S6]U6]U'!E;G-E2!B92!H:6=H97(@;W(@;&]W97(L(&)A6]U4AE861I M;F<\+W1D/@T*("`@("`@("`\=&0@8VQA6QE/3-$ M)VUA6QE/3-$)VUA MF5S(&$@)B,Q-#4[)B,Q M-#4[9G5N9"!O9B!F=6YD2!I;B!E>&-H86YG92UT2!M87)K970@:6YS=')U;65N M=',L(&]R(&]T:&5R(&-A2P@ M)B,Q-#<[0V%S:"!);G-T7!I8V%L;'D@:6YV97-T2!O9B!C87!I=&%L(&%P<')E8VEA=&EO;BP@=&AE(%!O'!E;G-E'0^/'`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`@("`@("`@/'1D(&-L87-S M/3-$=&@^3PO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^4F5M96UB97(@=&AA="!I;B!A9&1I=&EO;B!T;R!P;W-S:6)L M>2!N;W0@86-H:65V:6YG('EO=7(@:6YV97-T;65N="!G;V%L6]U(&-O M=6QD(&QO6QE M/3-$)VUA"<^ M0F5C875S92!T:&4@4&]R=&9O;&EO(&AA2X@57!D871E9"!P97)F;W)M86YC92!I;F9O M'0^0F5C875S M92!T:&4@4&]R=&9O;&EO(&AA'!E;G-E2!T:&4@861V:7-O65A65A2!B92!T97)M:6YA=&5D(&]N;'D@8GD@ M=&AE(%!O7,@ M=W)I='1E;B!N;W1I8V4@=&\@=&AE(&%D=FES;SPO=&0^#0H@("`@("`\+W1R M/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%]F,3,R,#,X8U\S9F4R7S1E8S=?.&8U8U]C-C)F8S4Y-#@P M86,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO9C$S,C`S.&-?,V9E M,E\T96,W7SAF-6-?8S8R9F,U.30X,&%C+U=O&UL#0I#;VYT96YT+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A M8FQE#0I#;VYT96YT+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U XML 10 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

"; }else{ for( var p = 0; p < text.length; p++ ){ formatted += "

" + text[p] + "

\n"; } } }else{ formatted = '

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 11 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Probabilities VIT Fund

PROBABILITIES VIT FUND

Investment Objective:

The Probabilities VIT Fund (the “Portfolio”) seeks capital appreciation.

Fees and Expenses of the Portfolio:

This table describes the annual operating expenses that you may indirectly pay if you invest in the Portfolio through your retirement plan or if you allocate your insurance contract premiums or payments to the Portfolio. However, each insurance contract and separate account involves fees and expenses that are not described in this Prospectus. If the fees and expenses of your insurance contract or separate account were included in this table, your overall expenses would be higher. You should review the insurance contract prospectus for a complete description of fees and expenses.

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Probabilities VIT Fund
Probabilities VIT Fund Class 1 Shares
Probabilities VIT Fund Class 2 Shares
Management Fees 1.35% 1.35%
Distribution and/or Service (12b-1) Fees 0.35% 0.50%
Other Expenses [1] 0.35% 0.35%
Acquired Fund Fees and Expenses [1][2] 0.35% 0.35%
Total Annual Fund Operating Expenses [3] 2.40% 2.55%
[1] Estimated for the current fiscal year.
[2] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio's financial highlights because the financial statements include only the direct operating expenses incurred by the Portfolio, not the indirect costs of investing in other investment companies.
[3] The advisor has contractually agreed to waive its fees and reimburse expenses of the Portfolio, at least until April 30, 2014 to ensure that Total Annual Portfolio Operating Expenses After Expense Reimbursements (exclusive of any brokerage fees and commissions, acquired fund fees and expenses, borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary or non-recurring expenses, including, but not limited to, litigation) will not exceed 2.24% and 2.39% for Class 1 and Class 2 shares, respectively, of the average daily net asset value of the Portfolio. These fee waivers and expense reimbursements by the advisor are subject to possible recoupment from the Portfolio in future years on a rolling three-year basis (within the three years after the fees have been waived or reimbursed) if such recoupment can be achieved within the foregoing expense limits. These agreements may be terminated only by the Portfolios Board of Trustees, on 60 days written notice to the adviso

Example:

This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. However, each insurance contract and separate account involves fees and expenses that are not included in the Example. If these fees and expenses were included in the Example, your overall expenses would be higher. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:

Expense Example Probabilities VIT Fund (USD $)
1 Year
3 Years
Probabilities VIT Fund Class 1 Shares
243 748
Probabilities VIT Fund Class 2 Shares
258 793

Portfolio Turnover:

The Portfolio 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. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Example, affect the Portfolio's performance.

Principal Investment Strategies:

The Portfolio utilizes a ‘‘fund of funds’’ structure to invest primarily in exchange-traded funds (“ETFs’’) that seek to track the performance of broad-based U.S. equity indices, principally the Standard & Poor's 500 (“S&P 500”) (“Index ETFs”). The Portfolio also invests in ETFs that employ leverage in an effort to deliver up to twice the performance of the S&P 500 (“Leveraged ETFs”). In addition, the Portfolio may hold cash, money market instruments, or other cash equivalents (collectively, “Cash Instruments”).

The adviser uses an active trading strategy based on a proprietary rules-based trend-following methodology to determine the Portfolio’s allocation among Index ETFs, Leveraged ETFs, and Cash Instruments. The Portfolio typically invests in either ETFs or Cash Instruments depending on the adviser’s assessment of the market. When the adviser believes that conditions are favorable for investment in equities, the Portfolio will invest in ETFs. During periods that the adviser believes will offer the highest probability of capital appreciation, the Portfolio will invest primarily in Leveraged ETFs; otherwise, the Portfolio will invest primarily in Index ETFs. When the adviser believes that market conditions are unfavorable for equities, the Portfolio will invest in Cash Instruments.

The Portfolio’s investment program will emphasize active management of the Portfolio’s investments, with an emphasis on capturing profits on short-term movements. This policy will result in the Portfolio taking frequent trading positions. Consequently, the Portfolio’s portfolio turnover and brokerage commission expenses may exceed those of most investment entities of comparable size.

Principal Investment Risks:

Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Portfolio. The Portfolio is not intended to be a complete investment program. The principal risks of investing in the Portfolio are:

ETFs Risk. ETFs are subject to investment advisory and other expenses, which will be indirectly paid by the Portfolio. As a result, your cost of investing in the Portfolio will be higher than the cost of investing directly in the ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Each ETF is subject to specific risks, depending on its investments. Leveraged ETFs employ leverage, which magnifies the changes in the value of the Leveraged ETFs, which could result in significant losses to the Portfolio.

Limited History of Operations. The Portfolio is a new mutual fund and has a limited history of operations for investors to evaluate. Additionally, the Adviser has not previously managed a mutual fund.

Management Risk. The adviser's judgments about the attractiveness, value and potential appreciation of particular security or derivative in which the Portfolio invests or sells short may prove to be incorrect and may not produce the desired results.

Stock Market Risk. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.

Turnover Risk. A higher portfolio turnover may result in higher transactional and brokerage costs.

Performance:

Because the Portfolio has less than a full calendar year of investment operations, no performance information is presented for the Portfolio at this time. However, prior performance of the adviser’s similarly managed fund is presented under “Management of the Portfolio” below. In the future, Portfolio 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.probabilitiesfund.com or by calling 1-855-224-7204.

XML 12 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Prospectus [Line Items] rr_ProspectusLineItems  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Apr. 18, 2013
Registrant Name dei_EntityRegistrantName Northern Lights Variable Trust
Central Index Key dei_EntityCentralIndexKey 0001352621
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol nlf
Document Creation Date dei_DocumentCreationDate Apr. 18, 2013
Document Effective Date dei_DocumentEffectiveDate Apr. 18, 2013
Prospectus Date rr_ProspectusDate Apr. 15, 2013
Probabilities VIT Fund | Probabilities VIT Fund Class 1 Shares
 
Prospectus [Line Items] rr_ProspectusLineItems  
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 1.35%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.35%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.35% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.35% [1],[2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 2.40% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 243
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 748
Probabilities VIT Fund | Probabilities VIT Fund Class 2 Shares
 
Prospectus [Line Items] rr_ProspectusLineItems  
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 1.35%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.35% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.35% [1],[2]
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 2.55% [3]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 258
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 793
Probabilities VIT Fund
 
Prospectus [Line Items] rr_ProspectusLineItems  
Risk/Return [Heading] rr_RiskReturnHeading

PROBABILITIES VIT FUND

Objective [Heading] rr_ObjectiveHeading

Investment Objective:

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Probabilities VIT Fund (the “Portfolio”) seeks capital appreciation.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses of the Portfolio:

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the annual operating expenses that you may indirectly pay if you invest in the Portfolio through your retirement plan or if you allocate your insurance contract premiums or payments to the Portfolio. However, each insurance contract and separate account involves fees and expenses that are not described in this Prospectus. If the fees and expenses of your insurance contract or separate account were included in this table, your overall expenses would be higher. You should review the insurance contract prospectus for a complete description of fees and expenses.

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-04-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

Portfolio Turnover:

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Portfolio 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. These costs, which are not reflected in Total Annual Fund Operating Expenses or in the Example, affect the Portfolio's performance.

Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Estimated for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees

Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio’s financial highlights because the financial statements include only the direct operating expenses incurred by the Portfolio, not the indirect costs of investing in other investment companies.

Expense Example [Heading] rr_ExpenseExampleHeading

Example:

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption

The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. However, each insurance contract and separate account involves fees and expenses that are not included in the Example. If these fees and expenses were included in the Example, your overall expenses would be higher. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, based upon these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategies:

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Portfolio utilizes a ‘‘fund of funds’’ structure to invest primarily in exchange-traded funds (“ETFs’’) that seek to track the performance of broad-based U.S. equity indices, principally the Standard & Poor's 500 (“S&P 500”) (“Index ETFs”). The Portfolio also invests in ETFs that employ leverage in an effort to deliver up to twice the performance of the S&P 500 (“Leveraged ETFs”). In addition, the Portfolio may hold cash, money market instruments, or other cash equivalents (collectively, “Cash Instruments”).

The adviser uses an active trading strategy based on a proprietary rules-based trend-following methodology to determine the Portfolio’s allocation among Index ETFs, Leveraged ETFs, and Cash Instruments. The Portfolio typically invests in either ETFs or Cash Instruments depending on the adviser’s assessment of the market. When the adviser believes that conditions are favorable for investment in equities, the Portfolio will invest in ETFs. During periods that the adviser believes will offer the highest probability of capital appreciation, the Portfolio will invest primarily in Leveraged ETFs; otherwise, the Portfolio will invest primarily in Index ETFs. When the adviser believes that market conditions are unfavorable for equities, the Portfolio will invest in Cash Instruments.

The Portfolio’s investment program will emphasize active management of the Portfolio’s investments, with an emphasis on capturing profits on short-term movements. This policy will result in the Portfolio taking frequent trading positions. Consequently, the Portfolio’s portfolio turnover and brokerage commission expenses may exceed those of most investment entities of comparable size.

Risk [Heading] rr_RiskHeading

Principal Investment Risks:

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Portfolio. The Portfolio is not intended to be a complete investment program. The principal risks of investing in the Portfolio are:

ETFs Risk. ETFs are subject to investment advisory and other expenses, which will be indirectly paid by the Portfolio. As a result, your cost of investing in the Portfolio will be higher than the cost of investing directly in the ETFs and may be higher than other mutual funds that invest directly in stocks and bonds. Each ETF is subject to specific risks, depending on its investments. Leveraged ETFs employ leverage, which magnifies the changes in the value of the Leveraged ETFs, which could result in significant losses to the Portfolio.

Limited History of Operations. The Portfolio is a new mutual fund and has a limited history of operations for investors to evaluate. Additionally, the Adviser has not previously managed a mutual fund.

Management Risk. The adviser's judgments about the attractiveness, value and potential appreciation of particular security or derivative in which the Portfolio invests or sells short may prove to be incorrect and may not produce the desired results.

Stock Market Risk. Equity prices can fall rapidly in response to developments affecting a specific company or industry, or to changing economic, political or market conditions.

Turnover Risk. A higher portfolio turnover may result in higher transactional and brokerage costs.

Risk Lose Money [Text] rr_RiskLoseMoney Remember that in addition to possibly not achieving your investment goals, you could lose money by investing in the Portfolio.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance:

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Because the Portfolio has less than a full calendar year of investment operations, no performance information is presented for the Portfolio at this time. However, prior performance of the adviser’s similarly managed fund is presented under “Management of the Portfolio” below. In the future, Portfolio 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.probabilitiesfund.com or by calling 1-855-224-7204.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the Portfolio has less than a full calendar year of investment operations, no performance information is presented for the Portfolio at this time.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-855-224-7204
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.probabilitiesfund.com
[1] Estimated for the current fiscal year.
[2] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Portfolio's financial highlights because the financial statements include only the direct operating expenses incurred by the Portfolio, not the indirect costs of investing in other investment companies.
[3] The advisor has contractually agreed to waive its fees and reimburse expenses of the Portfolio, at least until April 30, 2014 to ensure that Total Annual Portfolio Operating Expenses After Expense Reimbursements (exclusive of any brokerage fees and commissions, acquired fund fees and expenses, borrowing costs (such as interest and dividend expense on securities sold short), taxes and extraordinary or non-recurring expenses, including, but not limited to, litigation) will not exceed 2.24% and 2.39% for Class 1 and Class 2 shares, respectively, of the average daily net asset value of the Portfolio. These fee waivers and expense reimbursements by the advisor are subject to possible recoupment from the Portfolio in future years on a rolling three-year basis (within the three years after the fees have been waived or reimbursed) if such recoupment can be achieved within the foregoing expense limits. These agreements may be terminated only by the Portfolios Board of Trustees, on 60 days written notice to the adviso
ZIP 13 0000910472-13-001535-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000910472-13-001535-xbrl.zip M4$L#!!0````(`$]1F4(EO?[0XA(``'=4```1`!P`;FQV="TR,#$S,#0Q."YX M;6Q55`D``U8Y>5%6.7E1=7@+``$$)0X```0Y`0``[3QKCN]'#UW^^6P1L);21*GS3&G3[+29"3_DRG+UI?;[IC&_.SL]; M[,]O__,_&/SS^K\Z'?9!BL`_9N^4USD/I^J$?>(+<1)KI;^: MKJ=V`W>C8NV)%-:@>S<%,M_Q"/X8]@<'O?ZH-QS>]H^.!X/C_JL=@48\BDT* MM']WU+?_V.VO[R8ZD,?X7P92#LWQG9%O6CD^U@==I6>]8;\_Z/WUX\6--Q<+ MWI&AB7CHB9;;%%I;)VZ0N[5+JEOBBM,\+KSM2J!P]@_6#8Z0\Z!P.W7!HU&@Y> M;B/;KG`;M*X'KW4-]#!890PNM9KPB0QD)(69QJ$/]K;`30?]T>"HY4P$Q7IL M2'G78LI((\=S+:9O6@BNXS9T[XS?2AY'FZ5XTS)RL0Q`O#T'RIJ,I\)(W$5, M^F]:8W,Y10"=_JB3X4R7BC"2T2;]-OU>^OAD*H5F1)DHR,N)X.S\+ZVW8+"# M@\/AB^'@=:^\.4/7J\678%L*+95?I0+,1T?H96\S%ARD[%EE&_A^PR;WI$Q6 M@0#W92+&767[Y09]=P3_]C^*Q43HWTS8F?S$;`%/HN6>%SF\'6O%EB>D%X])?\?[>'+&6IO>'@X M&/UA(`_!I_7QE59F*3PX+V_F7(NS@!N3PUN6[!^&^0V&>71P].H/P]R'86:2 M_<,PC^-06JO\?/.N8F@+P4VLQ=LD!SN&-0Z8>U1$@=`:X%_S2*I&#`G9\'%W M!&A?D,7'J)A;R,!8PN`UYFKE3&MT='AZ=7GSNE?>50?MBL3WW@IW*]B\2AHA MY%%87[@6,VDBS<,(BX^M&#XI'6!$19J85,>VJWF6+3> M;!83%6R%%@93"ZNPI4ZI9UJ@"8;?K-,\@#H$[Z=3"#UR);X90P&"0U$(:[N# M/GS=J^S,@;R6YNNUB&(=_BQ(<%N@UN32/P71R9*9:!/`(;/@>B9#J)F7=R=L M"F`Z1OX3"_/1,FK]-(M.PM\1-17R$RQ\#EY.]65H]*?Y'<\W`E3(2:82FZXT9JRQ35$7NE)6#;W`*A MIX'ROCXBU;=SP:[R-:Z5+Q2Z[!E$$/837RQ/?AB,7IY<04B9JD`J]]71R7-F MA/AJF,>7,N(!X\NE%IXD>^\V\5EF)L?P^[LE',O[U,T'`1QR8"Y!99B:,N0S MY:Y94T7JJF1_XEISY'`_>I*&113"?6$\+2=`.Q+.PS`&T:LE-MY0:L)Q%LUY MQ#8J9@N^83+T)>@F"C9LB7].Z8DD4X7_%64`?VD5S^:X1C,M(MA*]KP,>,B4 M=MMY`%QB;*%U,H2C%WM%Q+;F'JR'?3)>&-P#:!$&T*6*V+KL9[46*Z';3'!O M7@<'-6;$DFM$QCU/Q2%2O5(!T,^F3JE%UB&58Z&*4GGYED^08Q;?NNS-8H@\Q:B48[@U-14KRJ8#SM5LX%=$.]TAL%D43L&4;K`CL"IP.0.^9NW<1*;-3`RV!68%SK:0!LM'^'(]%R&#:F42;TP2 MIX+`P'^]6-L#]1EXJ#TS#T8GF)88"@7I5[#;L*7#_KS+QDE`R+YD4<(\HYCC M`CK%WF1MA=XN`ZZ,<,2OYQ*I3V*B%M,`XH>-5+<*#^_MGD=1WQX3B96U&:?$ MLQC,_V30YR`H+3!BE:--LS)S&K^)D,G99I\VJB%2RR6PFTO6$KR@LF:#+=%6 M0_6>LX"\G<81Y&S_Q`"?IFF')]DGO*V@,P#^;]S7+TZR3X!%QW"(@$W`F9SD M`DM*SV2`%@:GAC?GX4QT@#D\U@@4>Y8EA>]O/]2"?FZC,J:'=-[#J?65#"5G M'$C;1"ON=_!"RF>?NS==)OX10\EHK5N`V2Z=IH`@W'\3@8]Q[3N/.CH!@2@- M9G?8[^@5'"YY4^`(Z@-"S![ MP3,&'D*")*;`8H1\^R*0Z+7QDJ2P!I[JI$",%>G-$WF1@/>KA)X#0M^7Z/7M M4@Z'06*N()7PN)FWV4*%4+V#:K\*3)U0]92.M=&S%38+:"$I`,Y(RM2>>2H( M;-8>;-JY6N`,5YYG0/(T91[STP^#@Y,:>^Y$:GG,7N1LFOLK:5!.AM(5Q@DG MF@U%`)/X%K.&`A&.8PH$MB$B*"68C@-A$BN*M`C]#H@@4&OV7#;B*C`J4&Y&4H>"569/7;9;_BJ93;!5EF(,7*94L0 MD:S1&#H1IGRE--464Y7/B8A.=$B)KE@TK[6$5#:K'Y"/+GL'9QY0;!N)":Y: M*FBW@O-#TW,ZPRCXN$IT@QS5U97;Z"C$KJ*F3JR-KX&,G2%D>K]7H(E?E>0: MAT7)[BC+BCU]BTO5FG9.M2#JF>8+BQOBV)QC^\5Y'H0F$%W>LNZ!AQD&6#2% M/PO,H.&"!J/$)K2:8J(#7T*)HZ,.^B%$I95(?49B&A1(;V.)TL+$05UQRK\B MP*D&<2*!+DHLE;&R[[(S^*]]BG&KD?R:_`K]&0ZEKS:>9YE>5K5A7(5S46"L MF2M#`7RA2'.I<*G!+VT1B:49MS:`$BZG1,UY0ZGO]M3I$.+F1,7MG%CV1C+H1Y,&#%)8#?$A`E(@/H^5Y]7/=""2/,T6*)PSO#IAJ3SI1$(]=C,,]IC"D&9BZN-E"2.Q0D%1P4F, M[F.3">DD3'F-!:YT\Z)UC"W",1!]Y50Y"VTHKJUA2] M*V>(-:`;';L$P;*RB".LC&SRFU@9Q>H\*!.!H5M`$S@%(`B]QU8$0$>CR(D- M&S=R*CVKZ';QH)=1(:AV2Z=8.>%TPEWP68BWL+8E:'-VXQA,.Q[X1SE_L?N] MI.?D`JZ1!,_CH%MP!>JRE+MVCV%K%W(AL0C]68+X-)WY2>F)83QG?Q4OXRP4 MZ[QF2/)S:OH$"=1Y!E6E4',ICM+$ED`!00P&RTLB!^9J]M@8)Z<]`D;'7F)? M3L4FV"1').#-4_$H4OF8';YE/\PERU#R_#WV9S9;Y!,5)ZE61"U""+\AY(;M M1/LHG*6*\%PJY5,H'3B?(NG%`=>N;['!G-2'-&Y%D1QMPEI*T>MA36ETE=3/K"R5'R<%D2\,^)(SP8=G/'5BO$&/9!]M9E8) M:+;.A+`+92:D*2$DP9AS0,;I6X<&4I:81MBJ`2H@M4QD;>_;P&%YYLQTRH<; MVR;Q8\C=-E19P69R1^K,PS&H%M)K4YH384V`2RJYXZ-P[SHL%FU+)2C$)ZEYCCRH.\0<,V,/2W0='IAYX>O#93#X-@FUPP$(3 M0H;TD0("IN%@!+`#.SY*EW./*+G:D`N1N[H!3\)+GFICHZ9N-1"@(=CD@BA% M\`)B^$+H7,OAX_T5R=$)5F5J36T1NM2)L;G5SK=V&WAVZ4.&W]W@&.&Y,!G9 MN]+TZF@<&-6&D`=Y$39:L#LKT*D,J9[+D,H4&0(VF7C.??@77`8V;^AQIO`\:7P$XJCQ`::!Q2H8@X0*%2`I@..%5.^&,<0D68M<" MUPTZ1X>'G>%PU'DY[(\J7=UM;I!SETR%>`U["68SAM0B$=>.GE(=P&0XW4-; M[;`0!&L/BOC`O&F=?_K0>MOOXE`*$=I$P'YHS,WB/2Z-[W!@1TYBU#7$J1NA M5W"*#8:3P1/+M9_0O"M!3\/#P^3>/^Q_*P^76!VX"Y*]B1W'X#XH%77Z_4Y_ MFQ8:R-D+P=MDG"=X\'T$CSU(TR`OQ$LI5`,HY@GE/=@N[YV(>P)F=M/%8+LN M'LI,\<;Y;Y!L]`>/I0@<*LV1VF^]'8X.:NZY+=;')ZI6H#5$'1Y](U$'^Y/4 MRU$C40>/3]2.DGKYJE%]>:+`[G[E>%]VJ:^%7$QB;>@@S`P0QQ$OI[=T@\,? M/H("#T?X\,"&_&_`5VIU7B@C/E*7\$%T_+8MR[1&2ZFO+VDN0U+1I;[`(N-! M#/Y^"Y9RPEI@LEX.8YM%TZW4KV)R(R,Q]GW]8*$T)MMEFIH1WD_@U1P4^C"Z MBLG]-F((>%,^\4FL\?`XQ5O8R_`]&!^H1SQ01FY;ID?[TI>H)%U4FNZBZ_XZZW9[_8EO?)-4J$+T* M11!W\,X@B!=AQ/['?>\+^:7THDRZ"-];J1#K-FK]I>F-EQP6K=;) M;>@F]^V_J/0#AM/B;V>Y5D^?I\CAAO4YW'#4SY](6W.=6$8YWL;A5Y=SN$3M3#K0=&ZM.5^.5D9UAM7`H]G:L9KK9]6>F0B1ST=3UP$/35`S'>FLFX--C\# M^_+,)'>:90M,!!AL1S@9^V4J3*:4$F9KR::`5KWW:A/IWR>K^JG0W0VC,4'< M_VA[@@C/\OSEZ5P$RR3'P5MTT7"G5W,=&,V;UU:O]1I$U\A^HZ1.-YA.//Z` M]&TV>(EC/_$B/_B<7$?^]Z#?QI^>J$C#G:68`:7#.6Z`U-Z<13C?`J8@Q`(' MH-(!:6I#&I;,\0@[46CG'A)`^Q[?+\[4IU)PD_NF;G:_9A@_-[>ZXS1^0>0X M`EB6>\$+[=7CX8_XND2LP_P@.HF75P=E:\*#%@N>D&LX]M?'`0@[?14#A(DF M:P-#\;X:5!R`'D`+=@XN7MJY,9/8R]+>?J;WZ1G#QUMMOV#0C6;_*_C;-5B/ M1?.;)U1%XOY-,JG=)5KXU9$I)!#@)^("_BC\L@BLICCJ?F\$);/E)U-(5[;!9 MM@>[6$"!1$AGZ)?`'A(6R\3E1)0:XMTB@._Q-]-$V/E\LWLOHT#J;\;!L(:# M)ZCN]E_>_>G?O:K[O5C(08V%I/-HRL[(N92?!A48GVEAZ[@UIRFR*)?M:]=R M+[QR6Y(>9,V!X%#;0,4@`S:&/"I@!_TV_F+?B(;WL-H0-K\NO,>653\U+[.- MIQ&^>Y'83:'Y;_#-4E"\08*!(!SJRN:=4NH+[P!RYR/:.&^O/,UY)!]V%W./J1L`V[ M!Z]^I(!&J2X;V#=@Z/,PJ1;;-#N7O3?D!H&2EZ1\CN]7A"*B]U>BXGQJ<;+: M%G?6>G1!J)GY6*4ECN=LL32JG-RIX"XH/FF.C^$!4QEG3$:&*#0;^Z(1.`?- MP$1P7HH.5703>KWA&389DFA##Y-=G(PK?:E\#GQ#L('RFMCP444I\?YS?)>> MK"%'&HXCXO@.7?[`CAPBD+R8J9QBK0[3MSW)Y:Q(DOHP2FZOZ,6I8%,)48:= M*GRA#A1`/PXC4('`^8L^:&H#92*8'Q02:`[T^IK*";H^-)6^Q<($?PNSE_T8 M)OSY?U!+`P04````"`!/49E"9#/D(-L#``#.%0``%0`<`&YL=G0M,C`Q,S`T M,3A?8V%L+GAM;%54"0`#5CEY458Y>5%U>`L``00E#@``!#D!``#%F%]SVC@0 MP-]OYKZ#SGT]8QOH-;C)=6B3=#*3)C>0=/K6$?("FL@2E62@D[GO7LE@ES_& M45H"/-@C>W?U\^YJM>+TW3QE:`I24<'/O*@1>@@X$0GEHS/OON]W^Q^NKCRD M-.8)9H+#F<>%]^[?/_]`YG?ZE^^C2PHLB=&Y(/X5'XJWZ`:G$*./P$%B+>1; M]!FSS#X17][WKLUP,5V,6HUV@GS?P=AGX(F0][VKTMA8ZTDPI(8R2F@92! M?1_TJ'KH@-*3,AQH8]-S26,-RI;;*@:>Z^O?MAM"1Y56=/?Y^8U:%H M.F'&/X$3]$2*`1Y01C4%-X9]3V6'TPN:9>H5LGN&><_D$,A4UL#[_"`@0M6GOR=5@$,Y*QO.1?F_&:!LRUV:DA*>Q8J%^OT)IJJVZVT!;RT3E5A`F5 M23`#JQ8L]-!"T6[?&#U>,$B!:_7_WK"?5:-_(KHB"FPFRQLIL$R/D[_0&4GXM9KLU'757*="J,)C'.9_FJUV%58+!01`_ M88Y'^1*QX7P2=+?X)NY*)G0E04*:E#$GBC`L+&-)UC)@NPE<2@3*K@]KR*<: MTD)_*$5:[\&EMX0+_JIGS;P>F@$=C;4A/E0D3#W3D@ZRW&,\Z8.<4@)1-&ZKG>.&;D;O48I/-:WRGM%I?6<>/RQ+<>,PQ=\BVC$A);\FV2 MF+1Q#HJCKEN(VL<-T;/\4!^PTZ!J5W_Q'7_'H:?I`C93#(:A$/ZE%_QO="/13_>!?4GEB*MD[E1W6G=#FNFAE#](/UIZ?"M@H MW(`UF6^V_DKH@[MYYS&KI(]VGQ:6QYNMP\)RK19_FIDG/P!02P,$%`````@` M3U&90F8-T9.N"@``DY\``!4`'`!N;'9T+3(P,3,P-#$X7V1E9BYX;6Q55`D` M`U8Y>5%6.7E1=7@+``$$)0X```0Y`0``[5UK MSDZED_1NJO+HBM,SLY]2,L@.&RQY!3A.=.BZ7GK^ZA],;J\N6D9?@"0`SR, MX'D+X=8O__SK7PSZ[_/?VFWCJPL]9VA<8;M]@R;X9^,>S.#0^!=$D(``DY^- M7X$7LD_P[U\>;^G;^'!#HW?2=XQV6Z&Q7R%R,/G^>+-N["4(YD/3?'M[.T%X M`=XP>?5/;*S6W`B'Q(;KMJR3Y83"O`(!?=/M6#VSTS>[W:?.Z="RAITSQ48# M$(3^NM'.\K03_XO=/WLN>AVR'V/@0X/RCOSATG?/6UM=>>N=8#(UNYV.9?Y^ M=SNR7^`,M%W$^+=A*_%BK?#\K+.S,S/Z-C'-62['Q$N.T3,3..N6Z;=.L';8 M-AZ8\9?;IJZDZ2W0OCOTHY[<8AL$T4@K1&0(+=B[=F+69A^UK6Z[1T7TG5:B M4T0VP1Y\A!.#_:9C)]TM']HG4[PP"3'9]^:CZ[\^PB`DZ`H&P/7H:``4>]30 M"X$3H3<=,%WZN\U^MSO6"LG?9>T%[W-Z(OGN;.Y1?DPET'."QV#L>F[@0G\2 M(H>.]ED6>AHP\A8!@]7K]*W3#*@#01F]``)?L.=`\A5"/T]B'I/$9<_@'N8L M(M'0=KV<0^2KP9,Z[1G@ZA#72Q`W*$?&MSXHI'O\"!TXF[.3N!P\GN>>H7X! MY)*.I4!%59[MGN%\@V2"R8S%P"!MC6P[R#P0P(_ M)'*N-570@-@);IXQ!U(V`4GR()9Y#"(T+[0)8H=CV';<&0UY481;'2A'#&O% M18%)3QHS_=A%+DM";NG;%&ZX#&B5"9T$.6MP M]Y(A<`/F3LN_GM$VKES?]C`+5/0-Y#"#_P_]H6Z5,VP M0=QGB+$=,C`9O*-P-@/DW?CQ'7E@##WH_)'47`E8#]LIA!XK^C#Y2+PGY'ES M7:<4P)L`SM97N@A(=)QGEK9P+4W-(*/LK1#@RBH+;B/W!4E@KD:X8AB)3ZNA MC5%`!\AJ7-%3$T[9BP37A.!9`6\KCK`$_3:-%$3+P(26ZL1CT158-^M'S+9P"[QK1@?U^L71%XR5GM5*Y6.0"7X;3)7NG-9R$\;D7$81'&&A+[S,ZW0W&;7$QWB2LER8_Z M(>*_NR/_^7*6??(\8M.S??J_<[?*"[DT9\V>]\YT.CGEL<@=GUB.4<H_I&7)8+/]%(^(4V_5K$>-:^%M1S0>\[/.^NP0C2:Y%31H6\1RUT$,`6 M*='3I<1JEE\>=-)&5>:;@U1$<5\SQ?>`L!M1"U@TU(7V-2!>`%JDP4"7!IF; ME)<@=2,KFR]RC:O,O@2QB/I/1Z(^JHZ+3@&I3XV$X``7Z?&3MFMO]H:X_&00 MF5=9!2EFD0"GN@2X0"@$WM<0.3F<2B>'LG^5)2K7"9%F9YJOX5\Q#A`.*$:U M:WC>OLJ:R$'+YHFUBN!?P0DD!#IL!TE>B\L2,O320>]=$C#ULH MA;:2/8WP-S=XV2S^52I1U!NHCU"%O1#JIJVT%R_9WC7029NHCW8*_1"JIVU> M0`RY?#`4>M=3LQ)!4O>4``?M#B%2[%Y/P4J$1U[_="A6=BY'Z%8?A4K.['1U MSQ^L8%YZV*<50SE=LD[U486+7*B)MMF";Y@$$^RY^"DD""]@0<4J,J^R#E+, M0@6T31ODX!6=$6*'6JF@>"9HFS,8!31AA--W^0F0L:HRXSRH0IKUW:-?H5*N M5<0.=2"_9!W2U5;]LP62Q>L]:S#,LS"%U&HKT!DBY>'--ZXZX66'M;;RFH%3 MSOGYQE7GOFQ^KZU69N`4LWJ>:=5Y+Y7!][35N\DF"1?(R6Y,((_OQ8Y55D01 MO5`?;57O%CKEBX+4I\JJ%`,7"J*MY$U&CK(:8HMF(W`:B8G8K, MZZ!!N2Q56TU<+C6M83ZZ4Q*JK2S.HMLE$Q4XUDF4LKF0MM(Y"[2L++540TV$ MOK9*^@Z05QC<(`` M*N9<16YUTJ94#M;?*K@_FYENT<.^'GJ3,=G6ONO=Q@9&VV`;73NAQW9'V_(Q MF).&O=#D6_RN@7Y*`XV?0#/8(VC&N@4C::+9%:W9%4WTM%NS*UJS*UJS*UJS M*UJS*]J?T34R+[`@!NI#&[,8A MG'YQ-F[1-NNQ(]>5C=D?T4,:P#_M&GL$$?R21CVK.QA8?6D$SYH=(X(+QRV6 MX]1T+8P/?=H[/5-@4VW,%>.$/L#VL)&)=X//-6 M2%5D/J<(MD@*C3/5"$RC8,@F7QX6D%SX/@Q$R8G(O,H:2#$?/3N\K#T3/*;;0/9.3.7`^0>XQVDDS>0%U$4^B% M2#9M:\0N\6R.$0T"UD/P`DD2CPO5*O2KLDAJX(7W$[1KT]U1&Y%?+;21@A=I MHVWAV1IF;T=M1'ZUT$8*7EC>:4NC2RE20QUV85_;0K0+^W^A2Z##[@BR*QY- M792U4/*MLC+J'1#II'N?E&)1ZJ5`2;JU+4"CH^$WX%)0#^01NK-Q2/RH^"JD MO]BQRG(HHA?6F]HJ_GO(&3H"2;BV559!#%A(_%:E?Y1%,X(_Z[Q>AO)3>AG* MRMQ8V1L_G@A`_IPM+6C^-%^S"$487)I%*,TBE&812K,(I5F$TBQ":1:A-(M0 MFD4HS2*49A%*LPCES[L(A;NO>M$Z%+E3E:=&%)"+-#G2CKL,8<=2$B(VK0_] M6WB/GAIRD/742>_5C/1>-5:1<)`-U$D?U(ST0376@.21;:Y$A:1;G7J1OL(K M(KU?J6GO[;W@\U/@I](I\'\8]]C8N*=GQ`__-&FR70K_(=(S[D.D3SB@/^._ M*J_CB=?L8\5O$417V$[9)44?J5%U>`L``00E#@``!#D! M``#5G6MSVSB6AK]OU?X';.9+=Y4=F[*=V)[NF7+L>-NUCIV5W#TSE=I*42)D M)&98)STEW5G8CO@5[P/"*!0Q+\Y:_/JX0\T;R(L_37 M5\'K_5>$IHLLBM/[7U_]/ML]FYU?7;TB11FF49AD*?WU59J]^NM?_O,_"/OG ME__:W267,4VB4W*1+7:OTF7V9W(3KN@I^6^:TCPLL_S/Y(\P6?-/LK^_FUZS MOU9?=TH.7A]&9'?7H;$_:!IE^>_3J[:QA[)\/-W;^_KUZ^LT>PJ_9OF7XO4B M+TRRG_SSPL*&'[/2U.GXOXUU>=KGP]>)WE]WN3_?U@[^\? MKF>+![H*=^.4[_\%?=5$\594<<')RV-I(!\KG>9XTWW&PU]AI6V9;8X.^ MXZ2(3PMA[SI;A*7`Q_HU1*O@?]MM9+O\H]U@LGO`,E-$KYJ=+_9@GB5T2I=$ M=/.T?'ED2!;QZC'AIL1G#SE=JLTD>;['X_=2>L^2'?$O.N%?%+SA7_2G^N/K M<$Z35X0K&7+:?IWTVJJ#]GR;_4CS.(O>I]NYEJ.![+/?3EY^0P>Z\=Z[<)>5 M8;*5^6ZD=]LW=+L]OHGSOZ?9F8-NMZ<[D7W;"?_PFOVI9YP^E^R40Z/&.F_+ M<(`37R6.NW7;;>O9HM=NP@^66=[?(VGR5.[R\\[^87!<]9=]\GG&3QZ'[-_] M#W0UIVV0<%Q%*31[L@.N/LL;&V&^L/2E5NPM,G:@?RQWDVJO5>'+/%MIO[KN M:*81?$[F;3O5WF!?I3'[OLU=_^9AG M\W`>)W$9TX+\<75'+M=I],O>IKUM,EU[%GX+NGA]GSWM131FOH,)_P.G8+*[ M']1GOC^QCSY?,X*3]VD9ER]GSW$A]4FI\,&`P1HG0+$9//]Z3W+VA8I4,O*) M"__O6U.O^9&?,QJ#R=%1<*C_D0\UWG[D.GOMCUP6@"?9Y,KM1T[.D[`H2$!F M#R%S]3U^\^QT)W[R>2[_XO/\,W-5/-(%FTP(`\*-XI=O5/H`Q,$JQ\0@`X?% M[DU&1HAJ0CP<&(X/CD]L!X:NQO.!86A/.C!L!."Y-KD:=6"8P!\8[L+Y9EBM M8KD6>#\,](P-?OUB*S@(6DL*"FK5*?DDA-_\8_^&G+,Y"KTJZT;2\8\TJ1K?]S;ZF`2I3S1R@ MNPT\ZQI#$:R"RWU3E>FC;T1=+YSKO2I@Q`3X2*!)4S+1*5F$T-(W&] M`(*.:EHZI?=Q4>9A6O++#XKNJ66^V#"9;-!0:5"083`F@[$1B-5Q(]9ETEX MK^B0M-T7!DI;3?I[&U&D7>5(3G>K(5P$FNL+6BSR^)%?CS5UIB?SGGF%R0$` M'0TN#H;&]#ATM!!4W.4AOY%C]K*:9ZH^2=M]<:"TU0#0VX@B\RI'$0652GB]T-2@X,!C3SA8:+=AJ'(*F> MQL67*2W7>?H;%>>I83\4$D\)UYJK4]OGVA^NUS2G)T>V>!ZH8!H9+@GL+;J M5`W;J%@,`&YC6(:R;H-L&B&B%5(U0WX*"Q*21\HSS.JX-1/QN95S'4V)BCL0'Y#BV!CA.VZKATNC&L.$>?? MV@>G000;/&R:)FW;).1/6'1;1_`KF=*(KD2![)**G_SF`\4]`B:QKYLK[(:; MVRST2@Q$VNT-'\QH!+Q.I3S1GZVR=5H2KJ0K&@'S9.DT##,F2M!QX40"P'4R M-C-*[ZG#(<,@]7:=S&*VO4ZFT6&`PF9N>)VLTN,]4'1Z9.PN!"=Z,I"QX)!] MJ''WV6+!":N!/2L*6BH>\S>*_8Z638;[`V&5$@,8=GNZX6L=HC]:B$;`YG"; M'CET&HX;&RTH&7$G`_C2N692KA2!7"Y739T5"@P4Z&U9+H[O$"'V?Q/G(U]Y M.4[OZQN`]+?:Z)6^;M^T6&WNW=3(,.!A\3:X:[.1DT8/?=/-L`.&VVZ,8C!H M=+?>&)0XT;'=?J.B!_@&G)0->\0#\K2ZG*@?O>J4WH8@9JOM2$0MPP",Q=MP M7-+(JWNU,(U6N[7=LS2:T?PI7M!@,@]L(+E'>@)K;%=JT%S#,(`WTNO@H==. MN*CLUPV0GU@3N\'/`D]0!&_S6;R*DS"_R=*Q$-IB`3!TZXX"1',@-A2=W!IA MS')2-T%^8HT02![/L]5CEK)#)?ZSBG$5^;G0_8V,3$ MA2#',$\\C>I$39=3#`;6QA@=+*-7QU9+[XOZ!9\Y@AVA7-`"Y,@*#4Y"G'%P M.01Y9X)1^;F'&W7S-D#\#`E+-+F3%^1;^* MY'6!7JQWM&YHZ7+$T<@\`60T63.CU&#`Q&1,)H-IG09!"(]`?,FYV^4=S5=Q M&JHO`V_5")ICE+:#S@>M00L8\-S>]HC#&LGXIU5S.V)U0@YSITG_ZU)F>;G, MDCB[6^L`%B`;>#2L0F;10 MM.C6(-(+41)C6X5(Q0SD,D2##DS5Z]^J95"P3!6KX:HT*!&9&M;&'="Q0Z80 MB^36H[O++"O3K*2%?3DSE=3O9%]OMC_G'^HP8&(SIUO.K`U`L=AAT3S26SW/ MZ,"-(<)SK2(8+)YU%:5V@>SZT`<;$WY@RFWR\Y#+"Y\F:,\,^;2 M!8DS4P@FUAQ\:GD3L7RNU7W\"`=U[W(:?GG,XK2\B`OQ0(.^TJW4^B7,8+?/ ME4*(B":].]UYI;283=86X#" MS+%K.O@LX2B1=/-L!W6'U"V135.D:8M\JEH#H[Q'\.[K'SX M$!8ES<_$%?-(]12?6Y3O<9Y#%^1QGB$$$7@N/O7CO":6\&!218L;&:IX:/+8 M_YEQ4>J_7=YD:4X7ZYRO?F9ZC'A4L&<.1W1(PM$A$A.5[G:U<'::X%.1;B.] MI]RA'DSLWJEV0[_RH_:[4"Q@^;XHXU584ML-@MHHB+L%+5U0W3JH"<'`X0B? MYIL*=PB+%J?D'2(:X&N"M4U`P6>X=P=+]]?X6\AZ7.9AED=Q&N8O;?V M@P'O;S6O'0U(MWJS)DFOS/EB3>\R M^42CWRLCFO",X.C.24PZQV."=*QI+;6L(;)I2;#+VR*L,?X7Q3@"EN7WS^'J M,;&^H$^6^:YAJDS*1N[X74RO$1-?HMD0U62-X6J?I]:->Q M,XH!CTSJU>P,2GPS9CTP[XM"T`[VT7;\KW-)^8.MPHP+!IF]1R4LEP0=* MSY>%D!WR-2X?R&9E[AT2"&(P$'+@U-,#2$(.[(0<("7D8&M"#@0A8`]^=SMQ MY-35(TA$CNR('"%%Y&AK1([0(!+LNW25J\`0V5C4(A+LXT2D];7%>68?!2,W MV<;4%A,G2S3,),JI2^H)E3$4'X-.?JULWF0=,G'.N[H='34',P2"P^D^-]-& MX49RBSF;1.,.>?>"<0K7[:7;=$X5`4Z@PS1O*,?-W+CIGP0;BLG?H#?6B:`J M`@=;Y@GB4/X#L.4\<938PC%M''3'.H541>"`RSRU',I_`+B]?*0.#K M?7=J8\V[[OI;,3"AMC1XQUVM`KSMI+'@4C=I2_JFRH&G3>\;';%M"2"W&A)'1H1:ES7)AO3"HXN0T+KYH3SR] MC9Y@41BJR>ALP8#!T(Z<AT'A-N/;&H15@P<#ZA""*0G$RX M%Y>)L4[G$0_K)%@MPH*'\X17X(%DELN]V.>V:I5'-"SS6)4$"Q:.U..(GIY4`9"X"%X_A/D76O+'!=6] M'(@\0J(QV.%#4F!!0VU+245UT*BTU5.;H`>0\BHMUCF-+N@C.X.Q5E_8!V5< MKM45"Z<@KX<5IP[TCC#&""Q$N=G4''=*4L>233#I1$,BI[V[K[?1YPA5>9=> M9PL6),QWVU7#T$H"D]@L6:_2FW"E6,Y-WNXSO0-;W0RW&]$D67:DSK-00?Z, MU>Z]9E:13RQ9-!8<89+V+LSYPO/E61I]I/DRRU$N]NO M<;`'8(#%V:6,$@L4+Q(HQ;IAG5@B@B%?FK3QXE+=MLA]O0W'Q73S5AR3%@-4 M+@8';\GI$(2D`-ZQ=)6*/_&QS562K`MQL:[X(\SC MLAG_X(WOY!!(]S:0@3K:N`G@3F.DTQKI-,=7HZT;A#HC=QS?IN*AP]O\FA9F MA"6E?TJ55H<@]F3(6%-Y,^'$]-4Z.%E.>`@"8,ZB*.9XATE52;I*(_IL[+0F MPC]`1NM#D)1R9$"9/)K`VL0U!4$1B8&OIS!.ZD/EQX#Q M6,*#ZXL=53BIXJ$K;-9R&E3MS%PH0U@5CWP6)K2XSL)(,3RR1WAFR&9=(DDGQ\23Q:.>JO94 MU"PL+V*)"`9[O4R:KL.DJG%I+[HK1;Y>%Z,WV+P69JC`@(O>UN`U+T)9%QJA MU[GIV39FPL:(R9\&E#2$\!I27X.1$L2+(4`%`1]>:`@J^&1L+'4_F,PH70N== ML3[:4`&3=WG],WDSPKSKUC<;Y#V`SOO$VI<)5-XGYKQ/$.9]XIKW"73>%6O6 M#14P>9?7I),W(\R[;LVY0=X/H/-^:.W+(53>#\UY/T28]T/7O!]"YUVQC.!0 M`9-W>9E`>3/"O.N6`1SD_0@Z[V^L?7D#E?\OX7.^[&U+\=0>3\VY_T88=Z/7?-^#)WW$VM?3J#R?F+. M^PG"O)^XYOT$-.^L6Y9Z7:4`R'O7FB+O?#.VO'<\F?/.A=!YM]3K*@5,WDWU M.KX98=[=ZG5<")UW2[VN4L#DW52OXYL1YMVM7L>%T'FWU.LJ!4S>3?4ZOAEA MWMWJ=5P(G7=+O:Y2P.3=5*_CFQ'FW:U>QX70>;?4ZRH%3-Y-]3J^&6'>W>IU M7`B==TN]KE+`Y-U4K^.;$>;=K5['A=!YM]3K*@5,WDWU.KX98=[=ZG5<")UW M2[VN4L#DW52OXYL1YMVM7L>%T'FWU.LJ!4S>3?4ZOAEAWMWJ=5P(G'?5&[>& M"I"\#]ZH)6_&EW?M&[/DO`?0];K`6J\+H.IU@;E>%R"LUP6N];H`NEX76.MU M`52]+C#7ZP*$];K`M5X70-?K`FN]+H"JUP7F>EV`L%X7N-;K`NAZ76"MUP50 M];K`7*\+$-;K`M=Z70!=KPNL];H`JEX7F.MU`<)Z7>!:KPN@ZW6!M5X70-7K M`G.]+D!8KPMQUNLF4/6ZB;E> M-T%8KYNXUNLF_NMUS>HA+B_K,VD]K]]B?6F?7HB!#ZL[_6HM2-[@U_3`_A8_ MO=(S,Y:W^>EDF'AQ?*O?AA84K_9KW$]I6&3IC/)%AFATGH1%<1$OES2G:7G) MLG6U6M$H#DN:O'S,Z8+R5=$^TCS.%&_[^G>TZ9F_;^^^1.KV#6)B^IM[H:5_ MAU1MDZ9Q(EHG;?.$YXATOH"TWT"JKX!>CK$:&A2762ZLWV3EK?`>7:4?\ZQX M9-U2O35Q9+CW'\*(3@V8=XC%A;>[82/)HAFRS/*:8KYB6]T4B5.R:0R*6;[* M_%W&5_.IS%ZK=XQ&YHE!H\F:-:4&`U,F8S([8LW_,A.K*[6++HD`L(.9;%^] M/)=9[?E09;(L'9E44@S0./@S''>4&(&LV*7KAWN/P>EQ)`O!A/2$:Q)V(<#-?0&)08N+';D]&I(T@;@N1LI>Z)^9QEBO&] M7KK5OKR$NC8``U?.+MWQ`CV+J?LQMM](J!I%%'Z:1I+DG:'K[*OSR4W9#_-IS1#B^?AC-2\=@K1Z#$2YFG0&"_2,INS% MR$[CX&D,2^@Y&L<0Y!NOS*_SAGZ'M]N+NQ&_K7O<*[J'+^6N]>"$\->5.+QR MQC$,B!YC)S0L*6,PDF4R:N=,O(Y&\2H:*1/??I-=T&B]X*_#N,SR2TJ+]\^/-"UH<1<^4\71 MS2W*$VECNE"SYA*"@;81/F7>*JQN,M(&BXNW/'R'-`WL$-$$@O>-BI_$[\Q2 M7>:XI!'-PV2JG!BZQ@$=ZLS=T!SNU$$8(!SEU'[8X^&D*6;5#9`IQ-11[IAX M?5U"G\*TO,O8#^."+FF>NYQG]9%`"-JZHH%0%X810XM7.XC5.P>K%O@50]8& M:1H!9_$VI>(^F]OEV9+-D)FWV4/V55'0<`X$(M'2$0V(FBB,')JMVC%D\?4M M5=F2A+P)0:)H!,N)F8T76"]"/HIH.BF.X+E]]QA"@8BT=D;#I#8.(Y4VLW8N M.RUTL*P:`0?2Y9W1+C%0IV?;.Z3M`1BA8'\CV^$N-/[#OVT_XC;;^\?;2AJ^D8Z-PG_@,\ M[:#=QR-.+H`/);K;M_UV4)]45[!!!6EN<7;7*,2#D^SS@$ M"L5SC6=/-`_O:?=A[_-0O--ZV'.3UM=S]%:[S1/U6B$&AJSN9'KJK2CPR)+U M*KT)5ZK7TIOE@)`,3!LX:;5849$-#F@1`@RP:.[HU"OA$%'=S:F3(07#>""DO&<$%VG0XQ&=HEVH-]/&C,8E&UXBERG;/( M(7"HJ,WKD>GKD:*C-"DC)$2D56$@J36C?H[$'@''D=*Z'J.>'"E%*H_#N]-J M#"'(T7@-D46/@Q\VBC(^(:FZ@ M%7&,HQ"0.';CRMDR%$Q#9V'E(".E[NN]>,DI4B M$$)4(V*%`A\7IM'O``F8$6_?L*U#0``8!C`/9KBNLCE.HUN'RE_P"6]WSR\;T9I1*C7-R&-Z$SO%4D.<1AP M&VM6\U(EW@!I6V@77``#L3;P_CE4!S?G9I% M]T`,,(YV*]-8-T#J%G8(;X-L&D'"XTVV+8VF2!`6[5U1DJ@/P\>AU:N5PIL, M`X/-PH4VXG0ZSXM%&FE2BS"P8W2F?W48%!3R,T(C'M6"?T;+]>$L5(#8S)D> MQX*BI+/LVPA@W*)\700;T87F&IA#"`:B1O@<7`'K+LJ'@31I^GLV+\H\7)36 M>?)&"%-TD(VJRPV-"@,U9FNV$L.IB8SO]0M.PWNZXL_W,P.W3S0_*PI:RHL= MZF2?)U[W.OO>>5;0:]U/UF)R^$-M`L3N][_W+V+&1SQ?BR5VTFA&\Z=X08/) M/#!FPS4,579&FY:SU6V`A&FTE^6D;H7\Q-K9#7X&2N-M^4#SICRCS9I&A2I) M-H]R3H2^K4SYW_/6G8Y\?X_8U7=9&2;$7!H$+L&\>^$/!IGNG[#I0Q'/=>VXWV#A(SG*1W!5$L^_ZY+FME^UVM[X)W"][>8# M^VX^P'CX5!N4=_2!_;%%;WM:?G18)<$-])%V/SL\.>QK/P\>Q%5)4._GCCTT MS^'J*_GZRH)+#/BU%DV]P1Z`;Q!@<#GNRHJQ)N$9K['C2W,L.&ZCQIVF0-SX M;3L>[6&XS?#T^U_PTQ_O-#*(RWV:HYI2@X$DDS']M3ZA]G^P4CR[KH?"*(9; M/T`#B$&)`1.[O<%M555$4T.I8OPC,XV++S925!I/@.CMU5P,!1APT+J2*>#" M/?C<7]`RC!/;U5Z;WCL3)ML#/E1B7*P8'!JX(568R_7<[Y"/-'DJ/\_VV3^' M[-_]#W0U[[]W0BGX'&4+;_N=?=>:7U8+%<]7FMP-;M/(LWDXCY.XC&E!_KBZ M$X5OB/U]SOP&DZ.CX%"SOV4!KOVM<>>VO^M5V`,BKE?[+NQT_!\?')\8=_]& M@''W#]S]NW9_]Z-K]B?V&UL550)``-6.7E15CEY M475X"P`!!"4.```$.0$``.U=85/;R);]OE7['[S9KTNP;$@@;V9?$0AOJ"4X MBYDW[WU*R58;]")+3$LF4%/SW[U#)3E1"XM[GWG%:[3ZO[ M]D]_O9]'O3LATS")?W[CO>V_Z8EXF@1A?/WSFU_'.T?CX[.S-[TT\^/`CY)8 M_/PF3M[\];___=]ZZK^?_F-GIW<:BBCXT#M)ICMG\2SY2^_"GXL/O;^)6$@_ M2^1?>G_WHT7^G>0?'R_/U3_+7_>A-WR[%_1V=H#&_B[B()&_7IX]-G:39;_?__^-D[N_.^)_):^G298<^-D(:?BL2WO[?U,A7GB9^H?@[XWW.WO[0X& M5_V##Y[WH7\(-IKYV2)];+1_?]`O_RO=?XK"^-N'_(^)GXJ>PCU./]RGX<]O M*JE\'[Y-Y/7NH-_W=O_Q^7P\O1%S?R>,<_RGXLW**V^ER<\[/#S<+7ZZ,JU9 MWD]DM/H=P]U5.(\MJY^&!OM*)&GX(2W".T^F?E9T'^NOZ6DM\G_MK,QV\F_M M>(.=H6(F#=ZLP"\0E$DD+L6LE_^M.L3C;RW:2\7T[75RMROE;O[SWQ%PW=2#'3>JM>,%!_[^1_[_2]923_:6HO>[A53T<:SF\C MA<\N%/2M3";^)(S"+!3I;!$'J@O/-T-?#SB.[K(\K&%_SSO8".J%0AG?^%+< M)%$@Y*D0:1W$>DP&EV<.;G2;#S-JO/IT?ROB%`O/Z/3,`2Y_Q:=[OVS0'%FS M]8N&=)%GCW(L9`*R6T" M+%MXD>".(S_=*K:B@1<)K=*Q/PL_74BQ%E- M&#WVEYE,YF;,EK\V,42>2#414OJJW^\>8O5$B+-,S%,KS!5+!E!K.DDSSI70 MEU@/GA7K0(0EV.J+3;35M[Z>BVL_^A2KX>'AZ#[405VS^C%@KH7]V)T[1+C\ M_2?)W`]C#;SK)@RPU?2**K;K,2^!;8MK?8*7?^?K.%^%V%/_]S^+^41(#7QU M,QN$CX\:$7BZQ"JD=CW:%L*WF'(9Q@&].8-.ZS3N;L9?Z1'=(/\4@'%HJ)NQ M0KJYUZQU]5H"2ZCWGWFP.%:/E#?8W_?VC(-%W0P<+(8O,EBX0*G+<-M1PPCH MP?#@$`"T:@8"NL<$T'J&+S$,VZ8))\ETD:NM*]6L!NEU$Q#E%P:Y-DFOXMN4 M$R6V2JF'2?`I#O(W)A:0-VQ!M#T.<#>F28%[.0FZ%-=A+CGC+'_?9)P";YJ2 MSN-`U$U)TH%^K)*3?G06!^+^?\2#$?6:+9-/1`!V39H4N!^I1R_('[_3R+_6 MX+UAP^2#THAS8UJD^)Z(="K#M7A7TL^W5(P?YI,D MTJ"]80/"_(X2YL:T*&ZSCZKI;S:\Z_8H\*0ZTIHO M'0-C,4WBP(6#)@^4!5)9">3<.0_+O6OFX6;3"$6;5%PV9T8%\(4O\\V5=\+6 MS0WV*.RD*M.:;^<,;&R[/?9-\EYGC&)/*CW-F9(#GT2+>6Q8IS78H_"3:E%K MOITS\-F_#^>+^?%BOHB*IW'L1RHP%>>U&-T).5+R3:K144T+ICI6'-M`F2*5 MKZUPX<=>=J-]2)5^PX8,!@M1_&E M".,[D68B.`GOPD#$07H4JZ_33(:310YM"I*W1;,HLZ0K",^%7O1,RP."/(XUZ:I#8UX$:SUJ&A-?"[2/&^Q1U$G7 M&ZSY4C)@QQQ'F719H2$GJH_MH^DT6<39DN^C-!69;CN_T0/%G<,B@2EG>AY0 M]'',.4C]>G[$BY>FN6>C);S-D<^")>T,L59]PKQ.KS='D:=]$V[)E@'\MM5Z MHP=*`NU;<7O.!`-\[%\71^/S5PC`IZS.'&6`6,^:L^T<_JIL5BIZ+.1=.!7> M8.)!=.#N*#VD"M85#5*Z1G(F"?#1R(_7#6:70DY#V/?L.C8JB64,5*EOP5&W9_V2V0V2Z(PN5K( M.%$!F@\OZ,U19D@%O2U;>OAM)QI,#B@%I(+=GC$]"9>&@Z_-MBCTI(KI MC&:5'2LP-697N+X*!WH0%*@H^BB%_^TV">/\34&QR<*BQAL=4#HXJ')#QO0D M?`[C?+_+6;&#-Y]P7XIR*>=HGD>*4F-M!B6,MMI92W2H:%P]X'G%GW+Q[3B9 MS\,TO\C)\E197%&Z:*ND.:!`]XDDEMA]3+*;SWZ:*3U;+)(&VOU!1/:-UX7XGO^R'_T MBX-\G](LG"N%!KW^TKJB3)$N"KB@P.G%&,B44PLH8:1+"2TPH7M55NUJ!D<%A[,.5,S$,>4=^#"%B9HLAS6$1HS)(# MY$,<\B$..?%)>'V6'"#?QR'?QR$G/A:OSY(!Y$^30ROD35=&ZB#G(+<;LZ2> MZE1N76\[[;$T@5+$06$[H<*(.O>ID<$;OK^")V$VZT8%.L)C>4%D;26Y\]-UJP:5B3&TH+)_VMS9X9+>!4K2`(D^JYNT9DY'P>.SC.(FG(K^&U71EA\4))8-4MV.9 M=U\O-DR_V>]\Z,>;?(8X)%&9XRB3:J@S9F2``]/-'7&*/"D&MF< M*0GPX%2RV10%G50!F[(D@?P\2<7G)-;>TKYA@X),6UB]*2^:(3R)@_S4?!K. M0A&,%4X+W"S+[^)+-]W9D"^9HF"3BI'#3D2=??L M+$X74@0GXE8->K\;W9F@6*-ZE";1-(Q1=4LG9G!D)P`9883`/R44E&80??9F7`LB.XN"+D+-$SOUX*J[\ MB6T#-.*(PD^J,G$$NB_5\A0/K/@M/B@EI/H3RIN2C;.X^"H'[2R*%FFQ`I?^ MW9>A/PFC,'L8S2Y%MI#:L]PMVT+9(Q6R6^%$R>HH+C:FC>2Y2`'B-LQ1;DCU MKRU;2OB/@B#,P?*C4K.XE"U M+DX7ZD,.>'`,KBA'I*K;!04RJ8/I&F<10RK(-;F180S+%9,#B+S7)Y7O]I3) M6%@^?\N#\L75O^>)'^@^+>QN,",L%+TM_>YKJ\3QPH]*Q6-><&VTA-$G%>^& M)&D!MZW$ZHQAV$E5MSE54N3/U'2@Z`M0XZXXUUK&X&XTRJ M477I4>.\A^&\YX`SJ235I4>-L^X@7=T,Q=FCO<%+DQXUSN\PG-\YX$RJ*G7I M4>/\'L/YO0/.;/1C-3UJG`\PG`\<<&8C&*OI4>-\B.%\Z(`S&V%838\4YT%E MS=2`-,Z('2S,89S9Z ML)H>-M0X(WJP-(-Q9J,'J^E1XXSHP=(,QIF-'JRF1XRS MMI)5W0S&F9$>)"Q5M1$(I@<]!STX8*0'/2YZT,/TH.>@!P>,]*#'10]ZF![T M'/3@@)$>]+CH00_3@YZ#'APPTH,>%SWH87K0<]"#0T9ZT..B!SU,#WH.>G#( M2`]Z7/2@A^E!ST$/#AGI08^+'O0P/>@YZ,$A(SWH<=&#'J8'/0<].&2D!STN M>G"`Z<&!@QX<,M*#`SH]N#J>`->2,SG`V)-J1'O*9"R`A>7TYC`#I.K1EBX9 M_I?"3Y-X+/(C.B(XCOPT/0EG,Y'G?:HR/9O/11#ZF8@>OD@Q%?GQMB]"AHFN M9M=S-`QS2JI4GP]"0O:+Z@^GB2S"ODBR41%XN>,G"??W<8MDP/,!*G\MZ=,]EPTA@8,6@8_ MF!,6"P)6`'A1TX86!TI8Z'ECXI25K8"RL-O6@O7V2.4WXPJP13QY21NTG`_H MBQ*S3RK$G8`@IZE2PE$]T?&UT"U6(HXP0:0B'8>@^ZS631AM]-H,#=SP97=#F7G':N&$S0:PHSLE9:Z%0TUD@P/,!>T1 M`6O*+%BP%DHV^\!'":!]HR!)5T.^.<[7O1%G/3V,`.T MIP]L";.A0'LN3V\/4T![,,&6,!<*]"4"]/8P!;1GV&T)8]J0+'(6##CNF>1XL/S`FI$H<29T.'(Q,.))!*<%NZ M'/"_\N\__;X([_Q(Y>Q(1I,OS`RI+G<"HG.:KFY"F3U@'^\:6Y@&4G%N3)0: M=ML'N-X6DOHMWU8_;?SA6FOB/A-Q\+01;2WM6YE,R@NU0Y'.%G'P M=IK,=XN\+\/TV\81A##+7?O]_EYOIW>23!=S]5O5E[GI;FG;&R_FB7]V%&*5[*Z-]";5K;N7>L[S]_% M]>"NO7/>C/SIIN;N(:X]BUJ8*Y8,H-9TDF:<*Z$OL1X\*]:!"$NPU1>;:*MO M?3T7UW[T*58CP\/1?:B#NF;U8\!<"_NQ.W>(^COOY1Y7ZO_]9S"?:O;-U,W0^\2*S"0`\ M76*=S^.>/A;,IP,;[$",*2=LVNPZQWDT^9<*-[RS',*LFY'V9!!F77)T*'^1 M83Z'M6T5--B#N),NPUK3I2-@+*9)'+A0T.0!DD"ZX@JDW#D-RY.!YK%FTP@$ MFW1=M3DQ*GSA`R,&>Q!UT@55:[J=$S"^4;G=))'")C\):WZ3H#,&H2==534G M2HU[(;QLG=_B`[)`NN@*I=W]A^VMR)_'^'IU$-S\&.C-00I(UUYMR1(5W3Y= MQ$$M-.BQCY3(O]C*:?;J?%F5?BD\ZD!JS*TH/J9AV08&*HD_W_OS65LA+ M8PM7T69`0G.>Q*A_?,A/%KA@O^&!%\YFPT!CSL0\N*IN@QM>08T-(XQ$>%-7 M,4L0HP=^*IL-&8TY$_/P6YC=7(I`S(N@("GBT@"^QWQ((15RU&1I,[_+Z0)ULL1T77I1J#&TH/ MAQ4":_;$M(!U>&Q.*"4<5@4LF7=?&BF1V2R)PN1J(>/D3EADJ=X<)8&VKJHE M6WKXK36I#`XH!;3%4JT9=_\N,E,30G']8.[Z-2L4;E+-K\F-#&-8DY@<4.1I M7[A;,R;9HVG?G>GD-.)+C"'5MGC*)-*JO-F9(`#\_M=<8H\*3RV)PI M"?#@[+W9%-Z020TZFYGZZFJ@HSAPNX\'<43I8'$)J!T!R@JS;8I_;_%Y,"15 MM5#>9(\*3(7)`>6!5-C:,R8C`1N.)G_F.8C[6Z]GL[O?'T1@2+2.1?/OGT;*MX:;"GK')BP=QT3IB^Z.5G_SZ<+^;'B_DB*F9XQ6W?Y:&G MT9V0H_QJN/P*.!E.M16KW=H@K97B0%8K:/@1F.EO,P5]28NL/"=A&>4]ILOH M*C&=S6^35`2C^,M"3F_\5*2.3YQK6Z2%6MR);`<5%;&K`Z/M!U"L!=(",.XD MNL#"C3K[T&GV)*T:\WQ4,1LV1_&E".,[D68B.`GOPD#-Z=.C6'VM,@PGBQS= M%.1OBV9)Z])L-9BV`[#[;3"/QQY4BGDX3]_0D&KT(*U@X\`7D#8M%0CXQ-5J MVL)-!G"EC@'4TPWVI&5H'("WIDQ)@AUVZO(R[9"F_A@_FDZ319PM.3]*4Y'I MBED;/6A+R;A_^IKRIN<"98"Z1LPVN).AO1ZT:4[::$E;$*;UVJ9MZDBVEE^K M>]:\FO]N?36_K)O6RPNG]1Y;Z*V:Z&9MOQ:Y977?8/]Z#8>YVUNA?KV-XYD1 M?[V-@PO,K[=QO-[&8=8S1."QN8WCZ2$JYCS'D9^FAG%`;\Z@TSJ-NYOQ5U[\ M=3B7+@(P#@UU,U9(-_>:VEQZ+8'*JX+G'"R.U2/E#?;WO3WC8%$W(QTL7*#4 M9;CMJ&$$]&!X<`@`6C4C?E%N(6E=7Y["!*/:O17Y! M9;Y``*SJZ-D?IO$*EVO6$I=C?A6J@`_TAU$($-P^G3$#%H2H_F>0"`U7-5SLC6\#/H73UC_XPJ9[SFQ_F>RKEI0CGDX5,"QUIY0UQI-V) M!!*)(]#Y0W0A#-UL@P^-+>V&))`"8YZ<-FFLUW.N[\YXO[X[8VG>6]KW_KB2 M?IP6)T;^[&9OQGK`EHT9.N/771GF7FX&^75+QHL-*J];,EZW9+QNR7C=DE$# M[W5+!O6X^[HEXW5+!H?!XG5+!CF@#+9D--Z[:-N587/Z`39F8'D3TY$'U?<@ M$E:F3(84!^S7DVR]1)@)V?$"84,:0YRK(9O1RI6KX=9<42SG-B2RC[.U_V/L MDC`E^4,_64_CE96K)HG-<;^$*_)G7RY MN)J+T])QLR/%4]5PI:S;M,_<`.44$.?*Z<9=;K/#:H@.,\4F-])9XW/3I9U0 MLB`)FR(VN9%.%U^$I*:9)`N2L)EADQOI+/%%2&J:0'(@"9P2-KF13@]?@J3& MF2/Y_&]U14=SO8;#QGH-5TFF_KP4V4+&'55I6+M+QS*;T]AVM+VO@*C$YM@W M%9MJM*2IFI).8MCC3R;*-0`88 MS@/B(SYM<1YPP5DG=^MFI"=VVN),IV`W`MG#<-XC/I33%N<]+CCK5@;J9J0G M9=KB3"?V-P)YA^'\COA(3%N@##.@#ZH,I;8$^ MX`+T(0;T(75IW+9`'[(`6B6+2,+2C+8B;BN@J_E1`XUHPM(,!9J1**SF1PTT M(@I+,Q1H1JJPFA\UT(@J+,U0H!G)PFI^U$`CLK`T0X%FI`NK^5$#C>C"T@P% MFI$PK.9'#30B#$LS%&A&RK":'S70B#(LS>!7+*R`YJ$,52"(,BS-4*`9*<-J M?M1`(\JP-$.!9J0,J_D1`ZW=F5,W0X%FI0R-NVTZ!1I3AAZN#`>LE*''11EZ MF#+T<&4X8*4,/2[*T,.4H>>P'9:5,O2X*$,/4X8>K@P'K)2AQT49>I@R]'!E M.&"E##TNRM##E*&'*\,!*V7H<5&&'J8,/5P9#EDI0X^+,O0P9>CARG#(2AEZ M7)2AARE##U>&0U;*T..B#`>8,FRJA:,#FI4R')B4(=DYC"]"SA(Y]^.I*/)I M/(_A]3?.8]P)Z5^+QG,9!.=OE^%4X;8B`_&ZB+2"B2]/>FACFD7[;5 MVY,>]G@>(BA7<^L1C4/U*?UX`@@G9-./]'3(]L0TP\"!(.@XFM6-]%#)]O2@ M1]3(IKR78?JM#/5$9'[X-/MXG.YZ:HY[DDP7>4%[]67NL%MZ]$J7WA^_Q@6O MG\^HC@*7=^0.PR5N1 M\UA(]3@\6X_MJ(PW%%_>$D&QYA^@5C-!/ROJFW8S,+Y8K>AM>MU+5_W=?^F[ M7_[?E?W=YU)(&:K[2_!(5Q8*/PL_7'-D550)``-6 M.7E15CEY475X"P`!!"4.```$.0$``.U866_C-A!^;H'^!U;/E2793M;VVKO( ML4X,Y(+M!.G3@I;HF#5%:DDJ<7;1_]ZA#LN'[-K;!"V:38!$''XSG/DX/(;M MC[.0H4ACQ]^^1G!3_M7VT9=2EC0 M0J?"MWM\+-ZC*QR2%CHCG$BLA7R/[C"+C43<'_\9.04U7QQ6[F!B*6/IG;\BJS,;AYBC4TJJY7 M<]RZ4ZT.W4;+\UINC&NM8S8VZLX:;_NRF?DF5/U=N?NE%ZMVL3^\G,6_$ MY[^?'ZEK3([CT4WS:]1U8S*=/(;L>>2'^/[Y\H]9HTF[S_'1V<%Y=7HW/4Z' M;"M_0D*,8%*YZE@+E#W5*D(^.%77]9S[RXM!@K-28&O&*)^6P;UFL^DDO3ET M#3D;29:;KCFF>X05F5N&7KH%3[G2F/M+^$#/%1;!!T[:N02EI=##%$IS:$!6 M<(KXE0?QZ$`'X+VJ[7IVS(.`"R`44D]>=Z M[+&(,Y)BA$>444V)&L<\@,0.S6`UM^XU8$DR$A*NNT*&IV2,8P:J7V+,Z)B2 MP$(:RP>B35:I"/MD5[-YCF+.!:0RK-!,8F111"%70?!3VTQJ2PI&AA`+,A^P M+O]F$(-R^E1-^T3'DEN(!AUKH6T,PS")Z8",*:?)^+!XZL@V2R4V`<.GT7%2 M)32(PQ#+9_3MEC,\`E*"/]O.JHD%P[$BP37_D'Q'DBBPF(1Y`8),,8-L4/(Q M\V.VGT[A2JE*)LCI_&<$#R98DHE@`9%=0A3L9SAENJQC,^4'P+/9$8*8$?-9 M*".C_;8YOH[,J0;GX:=91+A:9+F\:S//A\L\'\'.@1GJPG!H;@KEMMXVZQD+ MGV8XC!A)Z5Z1;>;YW3+/F1[*%-&WH<1<14*]^?UCF=$KT2?'9,PGXQC+$]AY=;&_+$DV$]XLW5:&<*8SE)Z<;WPSN2%R M#%AG,I)MI]S9? M"5/=_^>-T/PQQ52?C%%2A+5,,=&Q%$W/Q%0VD63'I/DX4-.SG1*[W'4YL>WK9X$29"ORW"]7O8J#\&6<7(A8UKU)%PT33,.$= MKCB3/?(DAZ-9!9\'YBVQ#K_N)0E'1%J)HU#"G*8B&"9++X@E3N_YZ5),G[%:@0@QY3U-0@.#(&.P3'5LH&=2Q%'' M2FU1@&SS_01<]*H'!UY]V?=U^7_5]T:MT2SS?5'^;_K>=M(,A,^_`%!+`0(> M`Q0````(`$]1F4(EO?[0XA(``'=4```1`!@```````$```"D@0````!N;'9T M+3(P,3,P-#$X+GAM;%54!0`#5CEY475X"P`!!"4.```$.0$``%!+`0(>`Q0` M```(`$]1F4)D,^0@VP,``,X5```5`!@```````$```"D@2T3``!N;'9T+3(P M,3,P-#$X7V-A;"YX;6Q55`4``U8Y>5%U>`L``00E#@``!#D!``!02P$"'@,4 M````"`!/49E"9@W1DZX*``"3GP``%0`8```````!````I(%7%P``;FQV="TR M,#$S,#0Q.%]D968N>&UL550%``-6.7E1=7@+``$$)0X```0Y`0``4$L!`AX# M%`````@`3U&90MPI7JG.'0``"M@!`!4`&````````0```*2!5"(``&YL=G0M M,C`Q,S`T,3A?;&%B+GAM;%54!0`#5CEY475X"P`!!"4.```$.0$``%!+`0(> M`Q0````(`$]1F4(F;^CM0QT``-<5`@`5`!@```````$```"D@7%```!N;'9T M+3(P,3,P-#$X7W!R92YX;6Q55`4``U8Y>5%U>`L``00E#@``!#D!``!02P$" M'@,4````"`!/49E"HYEO"J0$``#&%P``$0`8```````!````I($#7@``;FQV M="TR,#$S,#0Q."YX5%U>`L``00E#@``!#D!``!02P4&```` /``8`!@`:`@``\F(````` ` end XML 14 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 4 42 1 true 3 0 false 2 false true R1.htm 0004 - Document - Risk/Return Summary {Unlabeled} Sheet http://probabilitiesfund.com/role/RiskReturn Risk/Return Summary false false R4.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data true false All Reports Book All Reports nlvt-20130418.xml nlvt-20130418.xsd nlvt-20130418_cal.xml nlvt-20130418_def.xml nlvt-20130418_lab.xml nlvt-20130418_pre.xml true true