0001398344-13-000021.txt : 20130104 0001398344-13-000021.hdr.sgml : 20130104 20130104131410 ACCESSION NUMBER: 0001398344-13-000021 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 6 FILED AS OF DATE: 20130104 DATE AS OF CHANGE: 20130104 EFFECTIVENESS DATE: 20130104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CM ADVISORS FAMILY OF FUNDS CENTRAL INDEX KEY: 0001208252 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-101585 FILM NUMBER: 13510718 BUSINESS ADDRESS: STREET 1: 805 LAS CIMAS PARKWAY STREET 2: SUITE 430 CITY: AUSTIN STATE: TX ZIP: 78746 BUSINESS PHONE: 5123290050 MAIL ADDRESS: STREET 1: 805 LAS CIMAS PARKWAY STREET 2: SUITE 430 CITY: AUSTIN STATE: TX ZIP: 78746 FORMER COMPANY: FORMER CONFORMED NAME: CM ADVISERS FAMILY OF FUNDS DATE OF NAME CHANGE: 20030505 FORMER COMPANY: FORMER CONFORMED NAME: CENTURY MANAGEMENT FAMILY OF FUNDS DATE OF NAME CHANGE: 20021129 0001208252 S000010533 CM Advisors Fund C000029066 Class I Shares CMAFX C000102313 Class R Shares CMFRX 0001208252 S000010534 CM Advisors Fixed Income Fund C000029067 CM Advisors Fixed Income Fund CMFIX 0001208252 S000030165 CM Advisors Small Cap Value Fund C000092823 Class I Shares CMOVX C000102315 Class R Shares CMRVX 497 1 fp0006032_497-xbrl.htm fp0006032_497-xbrl.htm
 
CM ADVISORS
FAMILY OF FUNDS

FILED VIA EDGAR

January 4, 2013

U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549

 
Re:
CM Advisors Family of Funds
File No. 333-101585

Ladies and Gentlemen:

On behalf of CM Advisors Family of Funds (the “Registrant”) and pursuant to Rule 497 under the Securities Act of 1933 (the “Securities Act”), the purpose of this filing is to submit an exhibit containing interactive data format Risk/Return Summary information using the eXtensible Business Reporting Language (XBRL).  The interactive data file included as an exhibit to this filing relates to revised Prospectuses and a revised Statement of Additional Information of the Registrant, as filed with the Securities and Exchange Commission pursuant to Rule 497(e) under the Securities Act on December 19, 2012.  The Prospectuses and Statement of Additional Information are incorporated by reference into this Rule 497 filing.

Please contact the undersigned at 513/587-3418 if you have any questions concerning this filing.

Very truly yours,

/s/ Tina H. Bloom

Tina H. Bloom
Assistant Secretary
EX-101.INS 2 cmadvisors-20120701.xml XBRL INSTANCE DOCUMENT 0001208252 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010533Member 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010533Member cmadvisors:C000029066Member 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010533Member cmadvisors:C000029066Member rr:AfterTaxesOnDistributionsMember 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010533Member cmadvisors:C000029066Member rr:AfterTaxesOnDistributionsAndSalesMember 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010533Member cmadvisors:r3kviMember 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010533Member cmadvisors:r3kiMember 2012-07-01 2012-07-01 iso4217:USD pure shares iso4217:USD shares 0001208252 CM ADVISORS FAMILY OF FUNDS Other false <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><B>CM ADVISORS FUND</B></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Fund Summary</b></p><hr size="2" style="color: Black; width: 100%"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>INVESTMENT OBJECTIVE</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The investment objective of the CM Advisors Fund (the &ldquo;Advisors Fund&rdquo;) is long-term growth of capital.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>FEES AND EXPENSES OF THE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This table describes the fees and expenses that you may pay if you buy and hold Class I shares of the Advisors Fund.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Shareholder Fees </b>(fees paid directly from your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>CM Advisors Fund Class I shares</b></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Calendar Year Returns</b></p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cmadvisors_S000010533Member ~ </div> 0 0 0.01 0.00 <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cmadvisors_S000010533Member ~ </div> 0.01 0 0.003 0.0001 0.0131 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Example</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This Example is intended to help you compare the cost of investing in Class I shares of the Advisors Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Class I shares of the Advisors 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 Advisors Fund&rsquo;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cmadvisors_S000010533Member ~ </div> 133 415 718 1579 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Portfolio Turnover</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Advisors Fund pays transaction costs, such as commissions, when it buys and sells securities (or &ldquo;turns over&rdquo; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares of the Advisors Fund are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Advisors Fund&rsquo;s performance. During the most recent fiscal year, the Advisors Fund&rsquo;s portfolio turnover rate was 45% of the average value of its portfolio.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL INVESTMENT STRATEGIES OF THE ADVISORS FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">To meet its investment objective, the Advisors Fund invests primarily in equity securities of companies that the Advisor believes are undervalued. The Advisors Fund typically invests in common stocks, although it may also invest in other equity securities (e.g., preferred stocks, convertible bonds, convertible preferred stocks, and warrants). In addition, the Advisors Fund retains the flexibility to invest in fixed income securities (e.g., corporate bonds or U.S. Government securities) or cash or cash equivalents (e.g., shares of money market funds, short-term U.S. Government obligations, commercial paper, and repurchase agreements) when the Advisor believes they offer more attractive opportunities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Equity Securities. </b>In selecting equity securities for the Advisors Fund&rsquo;s portfolio, the Advisor:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Applies research models to determine a company&rsquo;s intrinsic value. Intrinsic value is a concept that refers to what a company is &ldquo;really&rdquo; worth. Investment advisors that use intrinsic value (like the Advisor) believe that a company&rsquo;s real value can be best determined by analyzing business, financial, and other factors about the company and its market, and that a company&rsquo;s market price gravitates toward its intrinsic value over time. Accordingly, if the market price of the company&rsquo;s securities is above the Advisor&rsquo;s determination of its intrinsic value, the Advisor believes that the market price will, over time, fall. If the market price is below its intrinsic value, then the Advisor believes it will, over time, rise.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Compares the company&rsquo;s intrinsic value to the market prices of the company&rsquo;s securities; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase equity securities of companies that appear to be &ldquo;bargains&rdquo; (i.e., securities that are trading at a significant discount to their intrinsic value).</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In an effort to determine a company&rsquo;s intrinsic value, the Advisor&rsquo;s research models utilize various quantitative, qualitative, fundamental, and other factors about a company and its business. This information can include, without limitation, historical analysis, acquisition analysis, discounted free cash flow models and leveraged buyout models. The Advisor also monitors acquisition prices for companies in various industries, and may communicate with companies, their suppliers and customers as part of its research process. Because a company&rsquo;s business, financial, and market circumstances are always changing, the Advisor evaluates intrinsic value for companies in and out of its portfolio on a regular basis.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Advisors Fund may invest in equity securities of companies of any size or in any sector. The Advisors Fund&rsquo;s equity securities may be traded on a national securities exchange or over-the-counter.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Fixed Income Securities. </b>While income from fixed income securities (i.e., interest payments made on bonds and notes) will be a consideration in analyzing potential fixed income securities for the Advisors Fund, the Advisor&rsquo;s primary criteria for fixed income securities relates to their appreciation potential. In selecting fixed income securities for the Advisors Fund, the Advisor generally:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Reviews the maturity, yield, and ratings from nationally recognized statistical rating organizations (including Standard &amp; Poor&rsquo;s (&ldquo;S&amp;P&rdquo;), Moody&rsquo;s Investors Service, Inc. (&ldquo;Moody&rsquo;s&rdquo;) and Fitch, Inc. (&ldquo;Fitch&rdquo;)) of a fixed income security, both independently and in relation to the Advisors Fund&rsquo;s current portfolio;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Analyzes the current and projected financial and economic conditions of the issuer and the market for its securities using proprietary research models; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase fixed income securities that the Advisor believes (i) fit the desired mix of fixed income securities for the portfolio (e.g., the types of securities, maturities, and yields then targeted for the Advisors Fund); and (ii) offer opportunities for price appreciation.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Advisors Fund may, without limitation, purchase fixed income securities of any maturity or yield, provided that corporate debt obligations shall primarily be &ldquo;investment grade&rdquo; securities rated in one of the four highest rating categories by any nationally recognized rating agencies or, if not so rated, will be of equivalent quality in the opinion of the Advisor. The Advisors Fund may also, without limitation, purchase fixed income securities in any sector and issued by any size company, municipality or government body.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">While the Advisors Fund&rsquo;s primary focus is on investments in equity and fixed income securities, the Advisors Fund may invest in cash or cash equivalent positions when the Advisor believes the equity and fixed income securities markets offer limited investment opportunity or are overpriced. The Advisors Fund may hold cash or cash equivalent positions for extended periods of time while the Advisor waits for the equity and fixed income securities markets to offer more attractive opportunities.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL RISKS OF INVESTING IN THE ADVISORS FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">All investments carry risks, and an investment in the Advisors Fund is no exception. No investment strategy works all of the time, and past performance is not necessarily indicative of future performance. You may lose money on your investment in the Advisors Fund. To help you understand the risks of investing in the Advisors Fund, the principal risks of an investment in the Advisors Fund are generally described below:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Market Risk</b> &ndash; Stock prices are volatile. Market risk refers to the risk that the value of securities in the Advisors Fund&rsquo;s portfolio may decline due to daily fluctuations in the securities markets generally. The Advisors Fund&rsquo;s share price will change daily based on many factors that may generally affect the stock market, including fluctuations in interest rates, national and international economic conditions, and general equity market conditions. In a declining stock market, stock prices for all companies (including those in the Advisors Fund&rsquo;s portfolio) may decline, regardless of their long-term prospects.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Interest Rate Risk </b>&ndash; Increases in interest rates typically lower the present value of a company&rsquo;s future earnings stream. Since the market price of a stock changes continuously based upon investors&rsquo; collective perceptions of future earnings, stock prices will generally decline when investors anticipate or experience rising interest rates. In addition, to the extent the Advisors Fund invests in fixed income securities, the Fund will be subject to the risk that, in general, prices of fixed income securities will decline when interest rates rise. These fluctuations in fixed income security prices will be more marked with respect to long-term bonds than with respect to short-term bonds and with respect to lower-rated securities than with respect to higher-rated securities. In addition, the prices of lower coupon bonds are generally more volatile than higher coupon bonds of the same approximate maturity and credit quality.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Management Style Risk</b> &ndash; Different styles of management tend to shift into and out of favor with stock market investors depending on market and economic conditions. Because the Advisors Fund intends to invest primarily in value-oriented stocks (stocks that the Advisor believes are undervalued), the Advisors Fund&rsquo;s performance may at times be better or worse than the performance of stock funds that focus on other types of stocks (e.g., &ldquo;growth&rdquo; stocks selected for growth potential), or that have a broader investment style.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Business and Sector Risk </b>&ndash; From time to time, a particular set of circumstances may affect a particular sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. For instance, economic or market factors, regulation or deregulation, and technological or other developments may negatively impact all companies in a particular sector. To the extent the Advisors Fund invests heavily in a particular sector that experiences such a negative impact, the value of the Advisors Fund&rsquo;s portfolio will be adversely affected.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Small Cap Risk </b>&ndash; Stocks of small cap companies generally have more risks than those of larger companies. This greater risk is, in part, attributable to the fact that small cap companies may have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. Because small cap companies normally have fewer shares outstanding than larger companies, it may be more difficult to buy or sell significant amounts of such shares without an unfavorable impact on prevailing prices. In addition, small cap companies may not be well-known to the investing public, may not be followed by the financial press or industry analysts, and may not have institutional ownership. These factors affect the Advisor&rsquo;s access to information about the companies and the stability of the markets for the companies&rsquo; securities. Due to these and other factors, small cap companies may be more susceptible to market downturns, and their stock prices may be more volatile and less liquid than those of larger companies. In addition, the market for small cap securities may be more limited than the market for larger companies.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Credit Risk </b>&ndash; The Advisors Fund&rsquo;s fixed income securities will be subject to credit risks. Issuers of fixed income securities who are experiencing difficult economic circumstances, either because of a general economic downturn or individual circumstances, may be unable to make interest payments on their fixed income securities when due. Additionally, issuers of fixed income securities may be unable to repay the principal upon maturity of their fixed income securities. These &ldquo;credit risks&rdquo; are reflected in the credit ratings assigned to fixed income securities by organizations such as Moody&rsquo;s, S&amp;P or Fitch and may cause the price of a fixed income security to decline and may affect liquidity for the security. Normally, fixed income securities with lower credit ratings will have higher yields than fixed income securities with the highest credit ratings, reflecting the relatively greater risk of fixed income securities with lower credit ratings.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Maturity Risk</b> &ndash; Maturity risk is another factor that can affect the value of the Advisors Fund&rsquo;s fixed income security holdings. In general, but not in all cases, the longer the maturity of a fixed income security, the higher its yield and the greater its price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Advisors Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Risks Related to Other Equity Securities </b>&ndash; In addition to common stocks, the equity securities in the Advisors Fund&rsquo;s portfolio may include preferred stocks, convertible preferred stocks, convertible bonds, and warrants. Like common stocks, the value of these equity securities may fluctuate in response to many factors, including the activities of the issuer, general market and economic conditions, interest rates, and specific industry changes. Also, regardless of any one company&rsquo;s particular prospects, a declining stock market may produce a decline in prices for all equity securities, which could also result in losses for the Advisors Fund. Convertible securities entitle the holder to receive interest payments or a dividend preference until the security matures, is redeemed, or the conversion feature is exercised. As a result of the conversion feature, the interest rate or dividend preference is generally less than if the securities were non-convertible. Warrants entitle the holder to purchase equity securities at specific prices for a certain period of time. The prices do not necessarily move parallel to the prices of the underlying securities and the warrants have no voting rights, receive no dividends, and have no rights with respect to the assets of the issuer.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Other Investment Companies Risk</b> &ndash; Investments in other investment companies subject the Advisors Fund to additional operating and management fees and expenses. Investors in the Advisors Fund will indirectly bear fees and expenses charged by the underlying investment company in which the Fund invests, in addition to the Fund&rsquo;s direct fees and expenses. Other investment companies are also subject to the risks of the underlying securities in which they invest.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PERFORMANCE SUMMARY</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The bar chart and table shown below provide some indication of the risks of investing in the Advisors Fund by showing changes in the performance of the Advisors Fund&rsquo;s Class I shares from year to year and by showing how the average annual total returns of Class I shares for one year, five years, and since inception compare with those of a broad-based securities market index. How the Advisors Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information, current to the most recent month end, is available by calling 1-888-859-5856.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&rsquo;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Advisors Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capitol loss on the sale of Fund shares.</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/BarChartData column dei_LegalEntityAxis compact cmadvisors_S000010533Member ~ </div> 0.0669 0.1011 0.1271 -0.0702 -0.3376 0.2788 0.1154 -0.0352 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The year-to-date return of the Advisors Fund&rsquo;s Class I shares through March 31, 2012 is 12.59%.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Quarterly Returns During This Time Period</b></p><table cellspacing="0" cellpadding="0" align="center" style="font: 11pt Times New Roman, Times, Serif; width: 60%"> <tr style="vertical-align: top; background-color: white"> <td style="width: 20%; padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">Highest:</font></td> <td style="width: 80%; padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">18.76% (quarter ended June 30, 2009)</font></td></tr> <tr style="vertical-align: top; background-color: white"> <td style="padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">Lowest:</font></td> <td style="padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">-25.65% (quarter ended December 31, 2008)</font></td></tr> </table> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Average Annual Total Returns for Periods Ended December 31, 2011</b></p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/PerformanceTableData row primary compact * column dei_LegalEntityAxis compact cmadvisors_S000010533Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~</div> -0.0352 -0.0325 0.0204 2003-05-13 -0.0356 -0.0355 0.0163 2003-05-13 -0.0224 -0.0277 0.017 2003-05-13 -0.001 -0.0258 0.0599 2003-05-13 0.0103 -0.0001 0.0608 2003-05-13 CMAFX 0.45 You may lose money on your investment in the Advisors Fund. The bar chart and table shown below provide some indication of the risks of investing in the Advisors Fund by showing changes in the performance of the Advisors Fund&rsquo;s Class I shares from year to year and by showing how the average annual total returns of Class I shares for one year, five years, and since inception compare with those of a broad-based securities market index. 1-888-859-5856 How the Advisors Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. year-to-date return 2012-03-31 0.1259 Highest: 2009-06-30 0.1876 Lowest: 2008-12-31 -0.2565 Prior to October 1, 2012, the Russell 3000 Index was used as the Advisors Fund's primary benchmark. The Russell 3000 Index generally measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth value. The Advisor believes that the Russell 3000 Value Index is a more appropriate benchmark for the Fund because it measures the performance of only companies with value-based characteristics. 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. After-tax returns shown are not relevant to investors who hold their Advisors Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA). Management Fees and Total Annual Fund Operating Expenses have been restated to reflect a contractual reduction in the Management Fees due to the Advisor under the Investment Advisory Agreement from 1.25% to 1.00% of the Advisors Fund's average daily net assets. Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capitol loss on the sale of Fund shares. 2012-07-01 2012-12-19 2012-12-19 2012-02-29 Management Fees and Total Annual Fund Operating Expenses have been restated to reflect a contractual reduction in the Management Fees due to the Advisor under the Investment Advisory Agreement from 1.25% to 1.00% of the Advisors Fund's average daily net assets. Prior to October 1, 2012, the Russell 3000 Index was used as the Advisors Fund's primary benchmark. The Russell 3000 Index generally measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth value. The Advisor believes that the Russell 3000 Value Index is a more appropriate benchmark for the Fund because it measures the performance of only companies with value-based characteristics 0001208252 cmadvisors:S000030165Member 2012-07-01 2012-07-01 0001208252 cmadvisors:S000030165Member cmadvisors:C000092823Member 2012-07-01 2012-07-01 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><B>CM ADVISORS SMALL CAP VALUE FUND</B></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Fund Summary</b></p><hr size="2" style="color: Black; width: 100%"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>INVESTMENT OBJECTIVE</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The investment objective of the CM Advisors Small Cap Value Fund (the &ldquo;Small Cap Value Fund&rdquo;), formerly known as the CM Advisors Value Fund, is long-term growth of capital.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>FEES AND EXPENSES OF THE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This table describes the fees and expenses that you may pay if you buy and hold Class I shares of the Small Cap Value Fund.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Shareholder Fees </b>(fees paid directly from your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cmadvisors_S000030165Member ~ </div> 0 0 -0.01 0.00 <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cmadvisors_S000030165Member ~ </div> 0.01 0 0.0335 0.0435 -0.031 0.0125 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Example</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This Example is intended to help you compare the cost of investing in Class I shares of the Small Cap Value Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Class I shares of the Small Cap Value 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, that the Fund&rsquo;s operating expenses remain the same and that the contractual agreement to waive management fees and reimburse other Small Cap Value Fund expenses remains in effect only until July 1, 2013. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cmadvisors_S000030165Member ~ </div> 127 1036 1956 4310 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Portfolio Turnover</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund pays transaction costs, such as commissions, when it buys and sells securities (or &ldquo;turns over&rdquo; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares of the Small Cap Value Fund are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Small Cap Value Fund&rsquo;s performance. During the fiscal period ended February 29, 2012, the Small Cap Value Fund&rsquo;s portfolio turnover rate was 44% of the average value of its portfolio.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL INVESTMENT STRATEGIES OF THE SMALL CAP VALUE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">To meet its investment objective, the Small Cap Value Fund invests primarily in equity securities of small capitalization companies (&ldquo;small cap&rdquo;) that the Advisor believes are undervalued. Under normal circumstances, at least 80% of the Small Cap Value Fund&rsquo;s net assets (including the amount of any borrowings for investment purposes) will be invested in small cap equity securities, which may include shares of other registered investment companies (&ldquo;RICs&rdquo;), such as exchange traded funds (&ldquo;ETFs&rdquo;), that invest primarily in small cap equity securities. Small Cap Value Fund shareholders will be provided with at least 60 days&rsquo; prior notice of any change in the foregoing policy.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In managing the Small Cap Value Fund, the Advisor seeks to provide a consistent positive return over the long-term. The Advisor will focus on allocating the assets of the Small Cap Value Fund to those securities and sectors the Advisor believes are best suited to provide positive returns rather than focus on any particular individual security or sector weighting simply because a particular index is modeled a particular way. The Small Cap Value Fund considers a small cap company to be one that has a market capitalization, measured at the time the Fund purchases the securities, not exceeding the greater of (i) $2.5 billion or (ii) the capitalization of the largest company by market cap as reported by the Russell 2000 Value Index (as reported by the index as of the most recent quarter-end). The Russell 2000 Value Index is a broad index of small capitalization stocks. As of May 31, 2012, the capitalization of the largest company by market cap in the Russell 2000 Value Index was $3.3 billion. The market capitalization of a company in the Small Cap Value Fund&rsquo;s portfolio may change over time, and the Fund will not automatically sell or cease to purchase stock of a company it already owns just because the company&rsquo;s market capitalization increases above this ceiling.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund typically invests in common stocks, although it may also invest in other equity securities (e.g., preferred stocks, convertible bonds, convertible preferred stocks, warrants and other RICs). In addition, the Small Cap Value Fund retains the flexibility to invest up to 20% of its net assets in other equity securities (including stock of medium or large capitalization companies), fixed income securities (e.g., corporate bonds or U.S. Government securities) or cash or cash equivalents (e.g., shares of money market funds, short-term U.S. Government obligations, commercial paper, and repurchase agreements) when the Advisor believes they offer more attractive opportunities. The Small Cap Value Fund may purchase fixed income securities of any maturity or yield, provided that corporate debt obligations shall primarily be &ldquo;investment grade&rdquo; securities rated in one of the four highest rating categories by any nationally recognized rating agencies or, if not so rated, will be of equivalent quality in the opinion of the Advisor. The Small Cap Value Fund may also purchase fixed income securities in any sector and issued by any size company, municipality or government body.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In selecting equity securities for the Small Cap Value Fund&rsquo;s portfolio, the Advisor:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Applies research models to determine a company&rsquo;s intrinsic value. Intrinsic value is a concept that refers to what a company is &ldquo;really&rdquo; worth. Investment advisors that use intrinsic value (like the Advisor) believe that a company&rsquo;s real value can be best determined by analyzing business, financial, and other factors about the company and its market, and that a company&rsquo;s market price gravitates toward its intrinsic value over time. Accordingly, if the market price of the company&rsquo;s securities is above the Advisor&rsquo;s determination of its intrinsic value, the Advisor believes that the market price will, over time, fall. If the market price is below its intrinsic value, then the Advisor believes it will, over time, rise.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Compares the company&rsquo;s intrinsic value to the market prices of the company&rsquo;s securities; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase equity securities of companies that appear to be &ldquo;bargains&rdquo; (i.e., securities that are trading at a significant discount to their intrinsic value).</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In an effort to determine a company&rsquo;s intrinsic value, the Advisor&rsquo;s research models utilize various quantitative, qualitative, fundamental, and other factors about a company and its business. This information can include, without limitation, historical analysis, acquisition analysis, discounted free cash flow models and leveraged buyout models. The Advisor also monitors acquisition prices for companies in various industries, and may communicate with companies, their suppliers and customers as part of its research process. Because a company&rsquo;s business, financial, and market circumstances are always changing, the Advisor evaluates intrinsic value for companies in and out of its portfolio on a regular basis.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund may invest in equity securities of companies in any sector and the securities may be traded on a national securities exchange or over-the-counter.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL RISKS OF INVESTING IN THE SMALL CAP VALUE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">All investments carry risks, and an investment in the Small Cap Value Fund is no exception. No investment strategy works all of the time, and past performance is not necessarily indicative of future performance. You may lose money on your investment in the Small Cap Value Fund. To help you understand the risks of investing in the Small Cap Value Fund, the principal risks of an investment in the Small Cap Value Fund are generally described below:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Market Risk </b>&ndash; Stock prices are volatile. Market risk refers to the risk that the value of securities in the Small Cap Value Fund&rsquo;s portfolio may decline due to daily fluctuations in the securities markets generally. The Small Cap Value Fund&rsquo;s share price will change daily based on many factors that may generally affect the stock market, including fluctuations in interest rates, national and international economic conditions, and general equity market conditions. In a declining stock market, stock prices for all companies (including those in the Small Cap Value Fund&rsquo;s portfolio) may decline, regardless of their long-term prospects.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Small Cap Risk</b> &ndash; Stocks of small cap companies generally have more risks than those of larger companies. This greater risk is, in part, attributable to the fact that small cap companies may have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. Because small cap companies normally have fewer shares outstanding than larger companies, it may be more difficult to buy or sell significant amounts of such shares without an unfavorable impact on prevailing prices. In addition, small cap companies may not be well-known to the investing public, may not be followed by the financial press or industry analysts, and may not have institutional ownership. These factors affect the Advisor&rsquo;s access to information about the companies and the stability of the markets for the companies&rsquo; securities. Due to these and other factors, small cap companies may be more susceptible to market downturns, and their stock prices may be more volatile and less liquid than those of larger companies. In addition, the market for small cap securities may be more limited that the market for larger companies.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Management Style Risk</b> &ndash; Different styles of management tend to shift into and out of favor with stock market investors depending on market and economic conditions. Because the Small Cap Value Fund intends to invest primarily in value-oriented stocks (stocks that the Advisor believes are undervalued), the Small Cap Value Fund&rsquo;s performance may at times be better or worse than the performance of stock funds that focus on other types of stocks (e.g., &ldquo;growth&rdquo; stocks selected for growth potential), or that have a broader investment style.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Business and Sector Risk</b> &ndash; From time to time, a particular set of circumstances may affect a particular sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. For instance, economic or market factors, regulation or deregulation, and technological or other developments may negatively impact all companies in a particular sector. To the extent the Small Cap Value Fund invests heavily in a particular sector that experiences such a negative impact, the value of the Small Cap Value Fund&rsquo;s portfolio will be adversely affected.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Interest Rate Risk</b> &ndash; Increases in interest rates typically lower the present value of a company&rsquo;s future earnings stream. Since the market price of a stock changes continuously based upon investors&rsquo; collective perceptions of future earnings, stock prices will generally decline when investors anticipate or experience rising interest rates. In addition, to the extent the Small Cap Value Fund invests in fixed income securities, the Fund will be subject to the risk that, in general, prices of fixed income securities will decline when interest rates rise. These fluctuations in fixed income security prices will be more marked with respect to long-term bonds than with respect to short-term bonds and with respect to lower-rated securities than with respect to higher-rated securities. In addition, the prices of lower coupon bonds are generally more volatile than higher coupon bonds of the same approximate maturity and credit quality.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Maturity Risk</b> &ndash; Maturity risk is another factor that can affect the value of the Small Cap Value Fund&rsquo;s fixed income security holdings. In general, but not in all cases, the longer the maturity of a fixed income security, the higher its yield and the greater its price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Small Cap Value Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Credit Risk</b> &ndash; The Small Cap Value Fund&rsquo;s fixed income securities will be subject to credit risks. Issuers of fixed income securities who are experiencing difficult economic circumstances, either because of a general economic downturn or individual circumstances, may be unable to make interest payments on their fixed income securities when due. Additionally, issuers of fixed income securities may be unable to repay the principal upon maturity of such securities. These &ldquo;credit risks&rdquo; are reflected in the credit ratings assigned to fixed income securities by organizations such as Moody&rsquo;s, S&amp;P or Fitch and may cause the price of a fixed income security to decline and may affect liquidity for the security. Normally, fixed income securities with lower credit ratings will have higher yields than fixed income securities with the highest credit ratings, reflecting the relatively greater risk of fixed income securities with lower credit ratings.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Risks Related to Other Equity Securities</b> - In addition to common stocks, the equity securities in the Small Cap Value Fund&rsquo;s portfolio may include preferred stocks, convertible preferred stocks, convertible bonds, and warrants. Like common stocks, the value of these equity securities may fluctuate in response to many factors, including the activities of the issuer, general market and economic conditions, interest rates, and specific industry changes. Also, regardless of any one company&rsquo;s particular prospects, a declining stock market may produce a decline in prices for all equity securities, which could also result in losses for the Small Cap Value Fund. Convertible securities entitle the holder to receive interest payments or a dividend preference until the security matures, is redeemed, or the conversion feature is exercised. As a result of the conversion feature, the interest rate or dividend preference is generally less than if the securities were non-convertible. Warrants entitle the holder to purchase equity securities at specific prices for a certain period of time. The prices do not necessarily move parallel to the prices of the underlying securities and the warrants have no voting rights, receive no dividends, and have no rights with respect to the assets of the issuer.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Risks of Investments in Other RICs</b> &ndash; To the extent that it invests in other RICs, the Small Cap Value Fund incurs greater expenses, such as its own management fees and other operating expenses, than an investor would incur who invested directly in the RICs. The Small Cap Value Fund&rsquo;s investments in other RICs are subject to all of the underlying risks of such RICs. These include such general risks as market risk and management risk. In addition to these risks, the Fund&rsquo;s investment in a closed-end fund or ETF is subject to the risk that the closed-end fund or ETF may trade at prices significantly different from its net asset value. Investments in a closed-end fund may be subject to liquidity risk (that is, the potential that the Fund may be unable to dispose of the closed-end fund shares promptly or at a reasonable price).</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PERFORMANCE SUMMARY</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund is new and therefore does not have a performance history for a full calendar year to report.</p> CMOVX 2013-07-01 0.44 You may lose money on your investment in the Small Cap Value Fund. The Small Cap Value Fund is new and therefore does not have a performance history for a full calendar year to report. The Advisor has entered into an Expense Limitation Agreement with the Small Cap Value Fund under which it has agreed until July 1, 2013 to waive its fees and to reimburse other expenses of the Fund, if necessary, in an amount that limits the Fund's annual operating expenses (exclusive of interest, taxes, brokerage commissions, Acquired Fund Fees and Expenses, extraordinary expenses and payments, if any, under a Rule 12b-1 Plan) to not more than 1.25% of its average daily net assets. The Expense Limitation Agreement cannot be terminated prior to July 1, 2013 without the approval of the Board. 0001208252 cmadvisors:S000010534Member 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010534Member cmadvisors:C000029067Member 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010534Member cmadvisors:C000029067Member rr:AfterTaxesOnDistributionsMember 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010534Member cmadvisors:C000029067Member rr:AfterTaxesOnDistributionsAndSalesMember 2012-07-01 2012-07-01 0001208252 cmadvisors:S000010534Member cmadvisors:busabiMember 2012-07-01 2012-07-01 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><B>CM ADVISORS FIXED INCOME FUND</B></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Fund Summary</b></p><hr size="2" style="color: Black; width: 100%"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>INVESTMENT OBJECTIVE</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The investment objective of the CM Advisors Fixed Income Fund (the &ldquo;Fixed Income Fund&rdquo;) is to seek to preserve capital and maximize total return.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>FEES AND EXPENSES OF THE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This table describes the fees and expenses that you may pay if you buy and hold shares of the Fixed Income Fund.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Shareholder Fees </b>(fees paid directly from your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Annual Fund Operating Expenses </b>(expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>CM Advisors Fixed Income Fund</b></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Calendar Year Returns</b></p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cmadvisors_S000010534Member ~ </div> 0 0 0.00 0.00 <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cmadvisors_S000010534Member ~ </div> 0.005 0 0.0031 0.0002 0.0083 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Example</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This Example is intended to help you compare the cost of investing in the Fixed Income Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fixed Income 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 Fixed Income Fund&rsquo;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cmadvisors_S000010534Member ~ </div> 85 265 460 1025 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Portfolio Turnover</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Fixed Income Fund pays transaction costs, such as commissions, when it buys and sells securities (or &ldquo;turns over&rdquo; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fixed Income Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fixed Income Fund&rsquo;s performance. During the most recent fiscal year, the Fixed Income Fund&rsquo;s portfolio turnover rate was 25% of the average value of its portfolio.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL INVESTMENT STRATEGIES OF THE FIXED INCOME FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">To meet its investment objective, the Fixed Income Fund invests primarily in U.S. dollar denominated fixed income securities that the Advisor believes are undervalued. The Fixed Income Fund may invest in all types of fixed income securities but will typically invest in fixed income securities such as corporate bonds, U.S. government securities and mortgage-backed securities. Under normal circumstances, at least 80% of the Fixed Income Fund&rsquo;s net assets (including the amount of any borrowings for investment purposes) will be invested in fixed income investments, which include fixed income securities and shares of other investment companies that invest primarily in fixed income securities. Fixed Income Fund shareholders will be provided with at least 60 days&rsquo; prior notice of any change in the foregoing policy.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">While the Advisor considers potential income from fixed income securities (interest payments to be made on bonds and notes) when evaluating possible investments for the Fixed Income Fund, the Advisor&rsquo;s primary criteria for fixed income securities relates to their appreciation potential. In selecting fixed income securities for the Fixed Income Fund, the Advisor generally:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Reviews the maturity, yield, and ratings from nationally recognized statistical rating organizations (e.g., S&amp;P, Moody&rsquo;s and Fitch) of a fixed income security, both independently and in relation to the Fund&rsquo;s current portfolio;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Analyzes the current and projected financial and economic conditions of the issuer and the market for its securities using proprietary research models; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase fixed income securities that the Advisor believes (i) fit the desired mix of fixed income securities for the portfolio (e.g., the types of securities, maturities and yields then targeted for the Fixed Income Fund); and (ii) offer opportunities for price appreciation.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Fixed Income Fund may, without limitation, purchase fixed income securities of any credit quality, maturity, or yield. Accordingly, the Fixed Income Fund may hold fixed income securities that receive the highest ratings from Moody&rsquo;s, S&amp;P, Fitch or a similar rating agency, and fixed income securities that receive lower or the lowest ratings. There is no limitation on the number or amount of lower-rated fixed income securities, such as high-yield or junk bonds, that the Fixed Income Fund may purchase. The Fixed Income Fund may also, without limitation, purchase fixed income securities in any sector and issued by any size company, municipality or government body.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">While the Fixed Income Fund&rsquo;s primary focus is investing in fixed income securities, the Fixed Income Fund may invest in cash or cash equivalent positions (for example, shares of money market funds, short-term U.S. Government obligations, commercial paper or repurchase agreements) when the Advisor believes the fixed income securities markets offer limited investment opportunity or are overpriced. The Fixed Income Fund may hold cash or cash equivalent positions for extended periods of time while the Advisor waits for the fixed income securities markets to offer more attractive opportunities.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL RISKS OF INVESTING IN THE FIXED INCOME FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">All investments carry risks, and an investment in the Fixed Income Fund is no exception. No investment strategy works all of the time, and past performance is not necessarily indicative of future performance. You may lose money on your investment in the Fixed Income Fund. To help you understand the risks of investing in the Fixed Income Fund, the principal risks of an investment in the Fixed Income Fund are generally described below:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Market Risk</b> &ndash; Market risk refers to the risk that the value of securities in the Fixed Income Fund&rsquo;s portfolio may decline due to daily fluctuations in the securities markets generally. The Fixed Income Fund&rsquo;s performance per share will change daily based on many factors, including fluctuation in interest rates, the quality of the instruments in the Fixed Income Fund&rsquo;s investment portfolio, national and international economic conditions and general fixed income market conditions.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Income Risk</b> &ndash; One of the Fixed Income Fund&rsquo;s primary sources of income will be derived from the receipt of interest payments from fixed income securities. An economic downturn or an increase in interest rates may have a negative or adverse effect on an issuer&rsquo;s ability to timely make payments of principal and interest. If the issuer fails to make timely interest and/or principal payments, then the Fixed Income Fund&rsquo;s current income will be adversely affected and reduced.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Interest Rate Risk</b> &ndash; The price of a fixed income security is dependent upon interest rates. The share price and total return of the Fixed Income Fund, when investing a significant portion of its assets in fixed income securities, will vary in response to changes in interest rates. A rise in interest rates will cause the value of fixed income securities to decrease. Conversely, a decrease in interest rates will cause the value of fixed income securities to increase. Consequently, changes in interest rates may have a significant effect on the Fixed Income Fund, especially if the Fixed Income Fund is holding a significant portion of its assets in fixed income securities that are particularly sensitive to interest rate fluctuations, such as fixed income securities with long-term maturities, zero coupon bonds, and debentures.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Junk Bonds or Lower-Rated Securities Risk </b>&ndash; Fixed income securities rated below Baa by Moody&rsquo;s and BBB by S&amp;P or Fitch are generally considered speculative in nature and are generally subject to greater risks with respect to the non-payment of interest and principal and greater market fluctuations than higher-rated fixed income securities. Lower-rated fixed income securities are usually issued by companies without long track records of sales and earnings, or by companies with questionable credit strength. These fixed income securities are considered below &ldquo;investment-grade.&rdquo; The retail secondary market for these &ldquo;junk bonds&rdquo; may be less liquid than that of higher-rated fixed income securities, and adverse conditions could make it difficult at times to sell certain securities or could result in lower prices than those used in calculating the Fixed Income Fund&rsquo;s net asset value. These risks can reduce the value of the Fixed Income Fund&rsquo;s shares and the income it earns.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Credit Risk</b> &ndash; Credit risk is the risk that the issuer of a fixed income security (including corporate, government and mortgage-backed securities) will be unable or unwilling to make timely principal and/or interest payments, or otherwise will be unable or unwilling to honor its financial obligations. If the issuer fails to pay interest, the Fixed Income Fund&rsquo;s income will be reduced. If the issuer fails to repay principal, the value of that security and of the Fixed Income Fund&rsquo;s shares may be reduced. To the extent the Fixed Income Fund invests in lower rated fixed income securities, the Fixed Income Fund will be subject to a higher level of credit risk than a fund that invests only in the highest rated fixed income securities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&nbsp;&nbsp;Corporate and municipal fixed income securities purchased by the Fixed Income Fund may be of any credit quality, maturity or yield. Accordingly, the Fixed Income Fund&rsquo;s fixed income securities may include &ldquo;investment grade&rdquo; securities (those rated at least Baa by Moody&rsquo;s, BBB by S&amp;P or Fitch or, if not rated, of equivalent quality in the Advisor&rsquo;s opinion). However, the Fixed Income Fund&rsquo;s fixed income securities may also include lower-rated securities including, without limitation, high-yield securities (&ldquo;junk bonds&rdquo;) rated below Baa by Moody&rsquo;s or BBB by S&amp;P or Fitch (see &ldquo;Junk Bonds or Lower-Rated Securities Risk&rdquo; below). The Fixed Income Fund&rsquo;s fixed income security investments are subject to risks of non-payment of interest and principal, the risk that bond demand in the marketplace will decrease periodically, and the risk that ratings of the various credit services (and the Advisor&rsquo;s independent assessments of the securities creditworthiness) are or may become inaccurate.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Maturity Risk</b> &ndash; Maturity risk is another factor that can affect the value of the Fixed Income Fund&rsquo;s fixed income security holdings. In general, but not in all cases, the longer the maturity of a fixed income security, the higher its yield and the greater its price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Fixed Income Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Management Style Risk</b> &ndash; The share price of the Fixed Income Fund changes daily based on the performance of the securities in which it invests. The ability of the Fixed Income Fund to meet its investment objective is directly related to the Advisor&rsquo;s allocation of the Fixed Income Fund&rsquo;s assets and selection of securities. The Advisor&rsquo;s judgments about the attractiveness, value, and potential income and appreciation of particular fixed income securities, cash or cash equivalents or other securities in which the Fixed Income Fund invests may prove to be incorrect and there is no assurance that the Advisor&rsquo;s judgment will produce the desired results. In addition, the Fixed Income Fund may allocate its assets so as to under-emphasize or over-emphasize fixed income securities, cash or cash equivalents, or other investments under the wrong market conditions, in which case the value of the Fixed Income Fund&rsquo;s portfolio may be adversely affected.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Mortgage Risk </b>&ndash; Because rising interest rates reduce the tendency of mortgage borrowers to prepay or refinance their loans, rising interest rates tend to increase the effective maturity of mortgage-related securities, resulting in greater losses when interest rates rise. This is known as extension risk. Conversely, falling interest rates may encourage borrowers to pay off or refinance their mortgages sooner than expected. This can reduce the effective maturity of mortgage-related securities and lower the returns of the Fixed Income Fund because the Fund will have to reinvest its assets at the lower prevailing interest rates. This is known as prepayment risk.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Regional and Sector Risk</b> &ndash; Regional and sector risk is the risk that if the Fixed Income Fund invests heavily in securities within the same country, state, region, currency, industry or economic sector, an adverse economic, business or political development may affect the value of the Fixed Income Fund&rsquo;s investments more than if its investments were not so focused. To the extent the Fixed Income Fund invests heavily in securities in any such area that experiences an adverse development, the value of the Fixed Income Fund&rsquo;s portfolio may be negatively affected.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Other Investment Companies Risk</b> &ndash; Investments in other investment companies subject the Fixed Income Fund to additional operating and management fees and expenses. Fixed Income Fund investors will indirectly bear fees and expenses charged by the underlying investment company in which the Fund invests, in addition to the Fund&rsquo;s direct fees and expenses. Other investment companies are also subject to the risks of the underlying securities in which they invest.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PERFORMANCE SUMMARY</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The bar chart and table that follow provide some indication of the risks of investing in the Fixed Income Fund by showing changes in the Fixed Income Fund&rsquo;s performance from year to year and by showing how the Fixed Income Fund&rsquo;s average annual total returns for one year and since inception compare with those of a broad-based securities market index. How the Fixed Income Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information, current to the most recent month end, is available by calling 1-888-859-5856.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&rsquo;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fixed Income Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA).</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/BarChartData column dei_LegalEntityAxis compact cmadvisors_S000010534Member ~ </div> 0.1046 -0.0015 0.1329 0.0793 0.0611 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Fixed Income Fund&rsquo;s year-to-date return through March 31, 2012 is 0.82%.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Quarterly Returns During This Time Period</b></p><table cellspacing="0" cellpadding="0" align="center" style="font: 11pt Times New Roman, Times, Serif; width: 60%"> <tr style="vertical-align: top; background-color: white"> <td style="width: 20%; padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">Highest:</font>&nbsp;</td> <td style="width: 80%; padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">7.18</font>&nbsp;% (quarter ended September 30, 2007&nbsp;)</td></tr> <tr style="vertical-align: top; background-color: white"> <td style="padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">Lowest:</font>&nbsp;</td> <td style="padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">-2.80</font>&nbsp;% (quarter ended June 30, 2007&nbsp;)&nbsp;</td></tr> </table> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Average Annual Total Returns for Periods Ended December 31, 201</b><b>1</b></p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/PerformanceTableData row primary compact * column dei_LegalEntityAxis compact cmadvisors_S000010534Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~</div> 0.0611 0.0743 0.0789 2006-03-24 0.0462 0.0567 0.0608 2006-03-24 0.0401 0.0533 0.0571 2006-03-24 0.0784 0.065 0.0637 2006-03-24 CMFIX Total Annual Fund Operating Expenses&rdquo; will not correlate to the ratios of expenses to average net assets in the Fixed Income Fund&rsquo;s Financial Highlights, which reflect the operating expenses of the Fixed Income Fund and do not include &ldquo;Acquired Fund Fees and Expenses. 0.25 You may lose money on your investment in the Fixed Income Fund. The bar chart and table that follow provide some indication of the risks of investing in the Fixed Income Fund by showing changes in the Fixed Income Fund&rsquo;s performance from year to year and by showing how the Fixed Income Fund&rsquo;s average annual total returns for one year and since inception compare with those of a broad-based securities market index. 1-888-859-5856 How the Fixed Income Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. year-to-date return 2012-03-31 0.0082 Highest: 2007-09-30 0.0718 Lowest: 2007-06-30 -0.028 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. After-tax returns shown are not relevant to investors who hold their Fixed Income Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA). "Total Annual Fund Operating Expenses" will not correlate to the ratios of expenses to average net assets in the Fixed Income Fund's Financial Highlights, which reflect the operating expenses of the Fixed Income Fund and do not include "Acquired Fund Fees and Expenses." 0001208252 cmadvisors:SR00010533Member 2012-07-01 2012-07-01 0001208252 cmadvisors:SR00010533Member cmadvisors:C000102313Member 2012-07-01 2012-07-01 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><B>CM ADVISORS FUND</B></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Fund Summary</b></p><hr size="2" style="color: Black; width: 100%"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>INVESTMENT OBJECTIVE</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The investment objective of the CM Advisors Fund (the &ldquo;Advisors Fund&rdquo;) is long-term growth of capital.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>FEES AND EXPENSES OF THE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This table describes the fees and expenses that you may pay if you buy and hold Class R shares of the Advisors Fund.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>CM Advisors Fund Class I Shares</b></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Calendar Year Returns</b></p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cmadvisors_SR00010533Member ~ </div> 0 0 -0.01 0.00 <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cmadvisors_SR00010533Member ~ </div> 0.01 0.0025 0.2915 0.0001 0.3041 -0.2865 0.0176 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Example</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This Example is intended to help you compare the cost of investing in Class R shares of the Advisors Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Class R shares of the Advisors 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 Advisors Fund&rsquo;s operating expenses remain the same, and the contractual agreement to waive management fees and reimburse other Advisors Fund expenses remains in effect until July 1, 2013. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cmadvisors_SR00010533Member ~ </div> 179 4964 7626 10194 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Portfolio Turnover</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Advisors Fund pays transaction costs, such as commissions, when it buys and sells securities (or &ldquo;turns over&rdquo; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares of the Advisors Fund are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Advisors Fund&rsquo;s performance. During the most recent fiscal year, the Advisors Fund&rsquo;s portfolio turnover rate was 45% of the average value of its portfolio.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL INVESTMENT STRATEGIES OF THE ADVISORS FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">To meet its investment objective, the Advisors Fund invests primarily in equity securities of companies that the Advisor believes are undervalued. The Advisors Fund typically invests in common stocks, although it may also invest in other equity securities (e.g., preferred stocks, convertible bonds, convertible preferred stocks, and warrants). In addition, the Advisors Fund retains the flexibility to invest in fixed income securities (e.g., corporate bonds or U.S. Government securities) or cash or cash equivalents (e.g., shares of money market funds, short-term U.S. Government obligations, commercial paper, and repurchase agreements) when the Advisor believes they offer more attractive opportunities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Equity Securities.</b> In selecting equity securities for the Advisors Fund&rsquo;s portfolio, the Advisor:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Applies research models to determine a company&rsquo;s intrinsic value. Intrinsic value is a concept that refers to what a company is &ldquo;really&rdquo; worth. Investment advisors that use intrinsic value (like the Advisor) believe that a company&rsquo;s real value can be best determined by analyzing business, financial, and other factors about the company and its market, and that a company&rsquo;s market price gravitates toward its intrinsic value over time. Accordingly, if the market price of the company&rsquo;s securities is above the Advisor&rsquo;s determination of its intrinsic value, the Advisor believes that the market price will, over time, fall. If the market price is below its intrinsic value, then the Advisor believes it will, over time, rise.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Compares the company&rsquo;s intrinsic value to the market prices of the company&rsquo;s securities; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase equity securities of companies that appear to be &ldquo;bargains&rdquo; (i.e., securities that are trading at a significant discount to their intrinsic value).</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In an effort to determine a company&rsquo;s intrinsic value, the Advisor&rsquo;s research models utilize various quantitative, qualitative, fundamental, and other factors about a company and its business. This information can include, without limitation, historical analysis, acquisition analysis, discounted free cash flow models and leveraged buyout models. The Advisor also monitors acquisition prices for companies in various industries, and may communicate with companies, their suppliers and customers as part of its research process. Because a company&rsquo;s business, financial, and market circumstances are always changing, the Advisor evaluates intrinsic value for companies in and out of its portfolio on a regular basis.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Advisors Fund may invest in equity securities of companies of any size or in any sector. The Advisors Fund&rsquo;s equity securities may be traded on a national securities exchange or over-the-counter.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Fixed Income Securities. </b>While income from fixed income securities (i.e., interest payments made on bonds and notes) will be a consideration in analyzing potential fixed income securities for the Advisors Fund, the Advisor&rsquo;s primary criteria for fixed income securities relates to their appreciation potential. In selecting fixed income securities for the Advisors Fund, the Advisor generally:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Reviews the maturity, yield, and ratings from nationally recognized statistical rating organizations (including Standard &amp; Poor&rsquo;s (&ldquo;S&amp;P&rdquo;), Moody&rsquo;s Investors Service, Inc. (&ldquo;Moody&rsquo;s&rdquo;) and Fitch, Inc. (&ldquo;Fitch&rdquo;)) of a fixed income security, both independently and in relation to the Advisors Fund&rsquo;s current portfolio;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Analyzes the current and projected financial and economic conditions of the issuer and the market for its securities using proprietary research models; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase fixed income securities that the Advisor believes (i) fit the desired mix of fixed income securities for the portfolio (e.g., the types of securities, maturities, and yields then targeted for the Advisors Fund); and (ii) offer opportunities for price appreciation.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Advisors Fund may, without limitation, purchase fixed income securities of any maturity or yield, provided that corporate debt obligations shall primarily be &ldquo;investment grade&rdquo; securities rated in one of the four highest rating categories by any nationally recognized rating agencies or, if not so rated, will be of equivalent quality in the opinion of the Advisor. The Advisors Fund may also, without limitation, purchase fixed income securities in any sector and issued by any size company, municipality or government body.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">While the Advisors Fund&rsquo;s primary focus is on investments in equity and fixed income securities, the Advisors Fund may invest in cash or cash equivalent positions when the Advisor believes the equity and fixed income securities markets offer limited investment opportunity or are overpriced. The Advisors Fund may hold cash or cash equivalent positions for extended periods of time while the Advisor waits for the equity and fixed income securities markets to offer more attractive opportunities.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL RISKS OF INVESTING IN THE ADVISORS FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">All investments carry risks, and an investment in the Advisors Fund is no exception. No investment strategy works all of the time, and past performance is not necessarily indicative of future performance. You may lose money on your investment in the Advisors Fund. To help you understand the risks of investing in the Advisors Fund, the principal risks of an investment in the Advisors Fund are generally described below:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Market Risk</b> &ndash; Stock prices are volatile. Market risk refers to the risk that the value of securities in the Advisors Fund&rsquo;s portfolio may decline due to daily fluctuations in the securities markets generally. The Advisors Fund&rsquo;s share price will change daily based on many factors that may generally affect the stock market, including fluctuations in interest rates, national and international economic conditions, and general equity market conditions. In a declining stock market, stock prices for all companies (including those in the Advisors Fund&rsquo;s portfolio) may decline, regardless of their long-term prospects.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Interest Rate Risk</b> &ndash; Increases in interest rates typically lower the present value of a company&rsquo;s future earnings stream. Since the market price of a stock changes continuously based upon investors&rsquo; collective perceptions of future earnings, stock prices will generally decline when investors anticipate or experience rising interest rates. In addition, to the extent the Advisors Fund invests in fixed income securities, the Fund will be subject to the risk that, in general, prices of fixed income securities will decline when interest rates rise. These fluctuations in fixed income security prices will be more marked with respect to long-term bonds than with respect to short-term bonds and with respect to lower-rated securities than with respect to higher-rated securities. In addition, the prices of lower coupon bonds are generally more volatile than higher coupon bonds of the same approximate maturity and credit quality.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Management Style Risk</b> &ndash; Different styles of management tend to shift into and out of favor with stock market investors depending on market and economic conditions. Because the Advisors Fund intends to invest primarily in value-oriented stocks (stocks that the Advisor believes are undervalued), the Advisors Fund&rsquo;s performance may at times be better or worse than the performance of stock funds that focus on other types of stocks (e.g., &ldquo;growth&rdquo; stocks selected for growth potential), or that have a broader investment style.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Business and Sector Risk</b> &ndash; From time to time, a particular set of circumstances may affect a particular sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. For instance, economic or market factors, regulation or deregulation, and technological or other developments may negatively impact all companies in a particular sector. To the extent the Advisors Fund invests heavily in a particular sector that experiences such a negative impact, the value of the Advisors Fund&rsquo;s portfolio will be adversely affected.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Small Cap Risk </b>&ndash; Stocks of small cap companies generally have more risks than those of larger companies. This greater risk is, in part, attributable to the fact that small cap companies may have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. Because small cap companies normally have fewer shares outstanding than larger companies, it may be more difficult to buy or sell significant amounts of such shares without an unfavorable impact on prevailing prices. In addition, small cap companies may not be well-known to the investing public, may not be followed by the financial press or industry analysts, and may not have institutional ownership. These factors affect the Advisor&rsquo;s access to information about the companies and the stability of the markets for the companies&rsquo; securities. Due to these and other factors, small cap companies may be more susceptible to market downturns, and their stock prices may be more volatile and less liquid than those of larger companies. In addition, the market for small cap securities may be more limited than the market for larger companies.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Credit Risk</b> &ndash; The Advisors Fund&rsquo;s fixed income securities will be subject to credit risks. Issuers of fixed income securities who are experiencing difficult economic circumstances, either because of a general economic downturn or individual circumstances, may be unable to make interest payments on their fixed income securities when due. Additionally, issuers of fixed income securities may be unable to repay the principal upon maturity of their fixed income securities. These &ldquo;credit risks&rdquo; are reflected in the credit ratings assigned to fixed income securities by organizations such as Moody&rsquo;s, S&amp;P or Fitch and may cause the price of a fixed income security to decline and may affect liquidity for the security. Normally, fixed income securities with lower credit ratings will have higher yields than fixed income securities with the highest credit ratings, reflecting the relatively greater risk of fixed income securities with lower credit ratings.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Maturity Risk</b> &ndash; Maturity risk is another factor that can affect the value of the Advisors Fund&rsquo;s fixed income security holdings. In general, but not in all cases, the longer the maturity of a fixed income security, the higher its yield and the greater its price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Advisors Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Risks Related to Other Equity Securities</b> &ndash; In addition to common stocks, the equity securities in the Advisors Fund&rsquo;s portfolio may include preferred stocks, convertible preferred stocks, convertible bonds, and warrants. Like common stocks, the value of these equity securities may fluctuate in response to many factors, including the activities of the issuer, general market and economic conditions, interest rates, and specific industry changes. Also, regardless of any one company&rsquo;s particular prospects, a declining stock market may produce a decline in prices for all equity securities, which could also result in losses for the Advisors Fund. Convertible securities entitle the holder to receive interest payments or a dividend preference until the security matures, is redeemed, or the conversion feature is exercised. As a result of the conversion feature, the interest rate or dividend preference is generally less than if the securities were non-convertible. Warrants entitle the holder to purchase equity securities at specific prices for a certain period of time. The prices do not necessarily move parallel to the prices of the underlying securities and the warrants have no voting rights, receive no dividends, and have no rights with respect to the assets of the issuer.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Other Investment Companies Risk</b> &ndash; Investments in other investment companies subject the Advisors Fund to additional operating and management fees and expenses. Investors in the Advisors Fund will indirectly bear fees and expenses charged by the underlying investment company in which the Fund invests, in addition to the Fund&rsquo;s direct fees and expenses. Other investment companies are also subject to the risks of the underlying securities in which they invest.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PERFORMANCE SUMMARY</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The bar chart and table shown below provide some indication of the risks of investing in the Advisors Fund by showing changes in the performance of the Advisors Fund&rsquo;s Class I shares from year to year and by showing how the average annual total returns of Class I shares for one year, five years, and since inception compare with those of a broad-based securities market index. The performance information presented is for Class I shares only which are not offered in this Prospectus. Performance is not shown for Class R shares because they are new and therefore do not have a performance history for a full calendar year to report. Class R shares would have substantially similar annual returns as Class I shares because Class R shares are invested in the same portfolio of securities. The annual returns of Class R shares would differ from the returns of Class I shares only to the extent that the classes do not have the same expenses or inception dates.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">How the Advisors Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information, current to the most recent month end, is available by calling 1-888-859-5856.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor&rsquo;s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Advisors Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss on the sale of Fund shares.</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/BarChartData column dei_LegalEntityAxis compact cmadvisors_S000010533Member ~ </div> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The year-to-date return of the Advisors Fund&rsquo;s Class I shares through March 31, 2012 is 12.59%.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Quarterly Returns During This Time Period</b></p><table cellspacing="0" cellpadding="0" align="center" style="font: 11pt Times New Roman, Times, Serif; width: 60%"> <tr style="vertical-align: top; background-color: white"> <td style="width: 20%; padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">Highest:</font>&nbsp;</td> <td style="width: 80%; padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">18.76</font>&nbsp;% (quarter ended June 30, 2009&nbsp;).</td></tr> <tr style="vertical-align: top; background-color: white"> <td style="padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">Lowest:</font>&nbsp;</td> <td style="padding: 1.5pt; font-size: 11pt"><font style="font: 11pt Times New Roman, Times, Serif">-25.65</font>&nbsp;% (quarter ended December 31, 2008&nbsp;).&nbsp;</td></tr> </table> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Average Annual Total Returns for Periods Ended December 31, 2011</b></p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/PerformanceTableData row primary compact * column dei_LegalEntityAxis compact cmadvisors_S000010533Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * ~</div> CMFRX Management Fees and Total Annual Fund Operating Expenses have been restated to reflect a contractual reduction in the Management Fees due to the Advisor under the Investment Advisory Agreement from 1.25% to 1.00% of the Advisors Fund&rsquo;s average daily net assets. Prior to October 1, 2012, the Russell 3000 Index was used as the Advisors Fund's primary benchmark. The Russell 3000 Index generally measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth value. The Advisor believes that the Russell 3000 Value Index is a more appropriate benchmark for the Fund because it measures the performance of only companies with value-based characteristics. 2013-07-01 0.45 You may lose money on your investment in the Advisors Fund. The bar chart and table shown below provide some indication of the risks of investing in the Advisors Fund by showing changes in the performance of the Advisors Fund&rsquo;s Class I shares from year to year and by showing how the average annual total returns of Class I shares for one year, five years, and since inception compare with those of a broad-based securities market index. Performance is not shown for Class R shares because they are new and therefore do not have a performance history for a full calendar year to report. 1-888-859-5856 How the Advisors Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The performance information presented is for Class I shares only which are not offered in this Prospectus. year-to-date return 2012-03-31 0.1259 Highest: 2009-06-30 0.1876 Lowest: 2008-12-31 -0.2565 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. After-tax returns shown are not relevant to investors who hold their Advisors Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capital loss on the sale of Fund shares. Management Fees and Total Annual Fund Operating Expenses have been restated to reflect a contractual reduction in the Management Fees due to the Advisor under the Investment Advisory Agreement from 1.25% to 1.00% of the Advisors Fund's average daily net assets. The Advisor has entered into an Expense Limitation Agreement with the Advisors Fund under which it has agreed until July 1, 2013 to waive its fees and to reimburse other expenses of the Fund, if necessary, in an amount that limits the Fund's annual operating expenses (exclusive of interest, taxes, brokerage commissions, Acquired Fund Fees and Expenses, extraordinary expenses and payments, if any, under a Rule 12b-1 Plan) to not more than 1.50% of its average daily net assets. The Expense Limitation Agreement cannot be terminated prior to July 1, 2013 without the approval of the Board of Trustees (the "Board" or "Trustees"). 0001208252 cmadvisors:SR00030165Member 2012-07-01 2012-07-01 0001208252 cmadvisors:SR00030165Member cmadvisors:C000102315Member 2012-07-01 2012-07-01 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><B>CM ADVISORS SMALL CAP VALUE FUND</B></p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:center"><b>Fund Summary</b></p><hr size="2" style="color: Black; width: 100%"/> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>INVESTMENT OBJECTIVE</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The investment objective of the CM Advisors Small Cap Value Fund (the &ldquo;Small Cap Value Fund&rdquo;), formerly known as the CM Advisors Value Fund, is long-term growth of capital.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>FEES AND EXPENSES OF THE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This table describes the fees and expenses that you may pay if you buy and hold Class R shares of the Small Cap Value Fund.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Shareholder Fees</b> (fees paid directly from your investment)</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Annual Fund Operating Expenses</b> (expenses that you pay each year as a percentage of the value of your investment)</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact cmadvisors_SR00030165Member ~ </div> 0 0 -0.01 0.00 <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact cmadvisors_SR00030165Member ~ </div> 0.01 0.0025 0.3213 0.3338 -0.3188 0.015 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Example</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">This Example is intended to help you compare the cost of investing in Class R shares of the Small Cap Value Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Class R shares of the Small Cap Value 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, that the Fund&rsquo;s operating expenses remain the same and that the contractual agreement to waive management fees and reimburse other Small Cap Value Fund expenses remains in effect only until July 1, 2013. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <div style="display: none;"> ~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact cmadvisors_SR00030165Member ~ </div> 153 5240 7850 10081 <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><b>Portfolio Turnover</b></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund pays transaction costs, such as commissions, when it buys and sells securities (or &ldquo;turns over&rdquo; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when shares of the Small Cap Value Fund are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Small Cap Value Fund&rsquo;s performance. During the fiscal period ended February 29, 2012, the Small Cap Value Fund&rsquo;s portfolio turnover rate was 44% of the average value of its portfolio.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL INVESTMENT STRATEGIES OF THE SMALL CAP VALUE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">To meet its investment objective, the Small Cap Value Fund invests primarily in equity securities of small capitalization (&ldquo;small cap&rdquo;) companies that the Advisor believes are undervalued. Under normal circumstances, at least 80% of the Small Cap Value Fund&rsquo;s net assets (including the amount of any borrowings for investment purposes) will be invested in small cap equity securities, which may include shares of other registered investment companies (&ldquo;RICs&rdquo;), such as exchange traded funds (&ldquo;ETFs&rdquo;), that invest primarily in small cap equity securities. Small Cap Value Fund shareholders will be provided with at least 60 days&rsquo; prior notice of any change in the foregoing policy.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In managing the Small Cap Value Fund, the Advisor seeks to provide a consistent positive return over the long-term. The Advisor will focus on allocating the assets of the Small Cap Value Fund to those securities and sectors the Advisor believes are best suited to provide positive returns rather than focus on any particular individual security or sector weighting simply because a particular index is modeled a particular way. The Small Cap Value Fund considers a small cap company to be one that has a market capitalization, measured at the time the Fund purchases the securities, not exceeding the greater of (i) $2.5 billion or (ii) the capitalization of the largest company by market cap as reported by the Russell 2000 Value Index (as reported by the index as of the most recent quarter-end). The Russell 2000 Value Index is a broad index of small capitalization stocks. As of May 31, 2012, the capitalization of the largest company by market cap in the Russell 2000 Value Index was $3.3 billion. The market capitalization of a company in the Small Cap Value Fund&rsquo;s portfolio may change over time, and the Fund will not automatically sell or cease to purchase stock of a company it already owns just because the company&rsquo;s market capitalization increases above this ceiling.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund typically invests in common stocks, although it may also invest in other equity securities (e.g., preferred stocks, convertible bonds, convertible preferred stocks, warrants and other RICs). In addition, the Small Cap Value Fund retains the flexibility to invest up to 20% of its net assets in other equity securities (including stock of medium or large capitalization companies), fixed income securities (e.g., corporate bonds or U.S. Government securities) or cash or cash equivalents (e.g., shares of money market funds, short-term U.S. Government obligations, commercial paper, and repurchase agreements) when the Advisor believes they offer more attractive opportunities. The Small Cap Value Fund may purchase fixed income securities of any maturity or yield, provided that corporate debt obligations shall primarily be &ldquo;investment grade&rdquo; securities rated in one of the four highest rating categories by any nationally recognized rating agencies or, if not so rated, will be of equivalent quality in the opinion of the Advisor. The Small Cap Value Fund may also purchase fixed income securities in any sector and issued by any size company, municipality or government body.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In selecting equity securities for the Small Cap Value Fund&rsquo;s portfolio, the Advisor:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Applies research models to determine a company&rsquo;s intrinsic value. Intrinsic value is a concept that refers to what a company is &ldquo;really&rdquo; worth. Investment advisors that use intrinsic value (like the Advisor) believe that a company&rsquo;s real value can be best determined by analyzing business, financial, and other factors about the company and its market, and that a company&rsquo;s market price gravitates toward its intrinsic value over time. Accordingly, if the market price of the company&rsquo;s securities is above the Advisor&rsquo;s determination of its intrinsic value, the Advisor believes that the market price will, over time, fall. If the market price is below its intrinsic value, then the Advisor believes it will, over time, rise.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Compares the company&rsquo;s intrinsic value to the market prices of the company&rsquo;s securities; and</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; Seeks to purchase equity securities of companies that appear to be &ldquo;bargains&rdquo; (i.e., securities that are trading at a significant discount to their intrinsic value).</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">In an effort to determine a company&rsquo;s intrinsic value, the Advisor&rsquo;s research models utilize various quantitative, qualitative, fundamental, and other factors about a company and its business. This information can include, without limitation, historical analysis, acquisition analysis, discounted free cash flow models and leveraged buyout models. The Advisor also monitors acquisition prices for companies in various industries, and may communicate with companies, their suppliers and customers as part of its research process. Because a company&rsquo;s business, financial, and market circumstances are always changing, the Advisor evaluates intrinsic value for companies in and out of its portfolio on a regular basis.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund may invest in equity securities of companies in any sector and the securities may be traded on a national securities exchange or over-the-counter.</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PRINCIPAL RISKS OF INVESTING IN THE SMALL CAP VALUE FUND</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">All investments carry risks, and an investment in the Small Cap Value Fund is no exception. No investment strategy works all of the time, and past performance is not necessarily indicative of future performance. You may lose money on your investment in the Small Cap Value Fund. To help you understand the risks of investing in the Small Cap Value Fund, the principal risks of an investment in the Small Cap Value Fund are generally described below:</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Market Risk </b>&ndash; Stock prices are volatile. Market risk refers to the risk that the value of securities in the Small Cap Value Fund&rsquo;s portfolio may decline due to daily fluctuations in the securities markets generally. The Small Cap Value Fund&rsquo;s share price will change daily based on many factors that may generally affect the stock market, including fluctuations in interest rates, national and international economic conditions, and general equity market conditions. In a declining stock market, stock prices for all companies (including those in the Small Cap Value Fund&rsquo;s portfolio) may decline, regardless of their long-term prospects.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Small Cap Risk</b> &ndash; Stocks of small cap companies generally have more risks than those of larger companies. This greater risk is, in part, attributable to the fact that small cap companies may have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. Because small cap companies normally have fewer shares outstanding than larger companies, it may be more difficult to buy or sell significant amounts of such shares without an unfavorable impact on prevailing prices. In addition, small cap companies may not be well-known to the investing public, may not be followed by the financial press or industry analysts, and may not have institutional ownership. These factors affect the Advisor&rsquo;s access to information about the companies and the stability of the markets for the companies&rsquo; securities. Due to these and other factors, small cap companies may be more susceptible to market downturns, and their stock prices may be more volatile and less liquid than those of larger companies. In addition, the market for small cap securities may be more limited that the market for larger companies.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Management Style Risk</b> &ndash; Different styles of management tend to shift into and out of favor with stock market investors depending on market and economic conditions. Because the Small Cap Value Fund intends to invest primarily in value-oriented stocks (stocks that the Advisor believes are undervalued), the Small Cap Value Fund&rsquo;s performance may at times be better or worse than the performance of stock funds that focus on other types of stocks (e.g., &ldquo;growth&rdquo; stocks selected for growth potential), or that have a broader investment style.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Business and Sector Risk</b> &ndash; From time to time, a particular set of circumstances may affect a particular sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. For instance, economic or market factors, regulation or deregulation, and technological or other developments may negatively impact all companies in a particular sector. To the extent the Small Cap Value Fund invests heavily in a particular sector that experiences such a negative impact, the value of the Small Cap Value Fund&rsquo;s portfolio will be adversely affected.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Interest Rate Risk</b> &ndash; Increases in interest rates typically lower the present value of a company&rsquo;s future earnings stream. Since the market price of a stock changes continuously based upon investors&rsquo; collective perceptions of future earnings, stock prices will generally decline when investors anticipate or experience rising interest rates. In addition, to the extent the Small Cap Value Fund invests in fixed income securities, the Fund will be subject to the risk that, in general, prices of fixed income securities will decline when interest rates rise. These fluctuations in fixed income security prices will be more marked with respect to long-term bonds than with respect to short-term bonds and with respect to lower-rated securities than with respect to higher-rated securities. In addition, the prices of lower coupon bonds are generally more volatile than higher coupon bonds of the same approximate maturity and credit quality.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Maturity Risk</b> &ndash; Maturity risk is another factor that can affect the value of the Small Cap Value Fund&rsquo;s fixed income security holdings. In general, but not in all cases, the longer the maturity of a fixed income security, the higher its yield and the greater its price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Small Cap Value Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Credit Risk</b> &ndash; The Small Cap Value Fund&rsquo;s fixed income securities will be subject to credit risks. Issuers of fixed income securities who are experiencing difficult economic circumstances, either because of a general economic downturn or individual circumstances, may be unable to make interest payments on their fixed income securities when due. Additionally, issuers of fixed income securities may be unable to repay the principal upon maturity of such securities. These &ldquo;credit risks&rdquo; are reflected in the credit ratings assigned to fixed income securities by organizations such as Moody&rsquo;s, S&amp;P or Fitch and may cause the price of a fixed income security to decline and may affect liquidity for the security. Normally, fixed income securities with lower credit ratings will have higher yields than fixed income securities with the highest credit ratings, reflecting the relatively greater risk of fixed income securities with lower credit ratings.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Risks Related to Other Equity Securities </b>- In addition to common stocks, the equity securities in the Small Cap Value Fund&rsquo;s portfolio may include preferred stocks, convertible preferred stocks, convertible bonds, and warrants. Like common stocks, the value of these equity securities may fluctuate in response to many factors, including the activities of the issuer, general market and economic conditions, interest rates, and specific industry changes. Also, regardless of any one company&rsquo;s particular prospects, a declining stock market may produce a decline in prices for all equity securities, which could also result in losses for the Small Cap Value Fund. Convertible securities entitle the holder to receive interest payments or a dividend preference until the security matures, is redeemed, or the conversion feature is exercised. As a result of the conversion feature, the interest rate or dividend preference is generally less than if the securities were non-convertible. Warrants entitle the holder to purchase equity securities at specific prices for a certain period of time. The prices do not necessarily move parallel to the prices of the underlying securities and the warrants have no voting rights, receive no dividends, and have no rights with respect to the assets of the issuer.</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0">&nbsp;</p><p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">&bull; <b>Risks of Investments in Other RICs </b>&ndash; To the extent that it invests in other RICs, the Small Cap Value Fund incurs greater expenses, such as its own management fees and other operating expenses, than an investor would incur who invested directly in the RICs. The Small Cap Value Fund&rsquo;s investments in other RICs are subject to all of the underlying risks of such RICs. These include such general risks as market risk and management risk. In addition to these risks, the Fund&rsquo;s investment in a closed-end fund or ETF is subject to the risk that the closed-end fund or ETF may trade at prices significantly different from its net asset value. Investments in a closed-end fund may be subject to liquidity risk (that is, the potential that the Fund may be unable to dispose of the closed-end fund shares promptly or at a reasonable price).</p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left"><B>PERFORMANCE SUMMARY</B></p> <p style="font: 11pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0pt; text-align:left">The Small Cap Value Fund is new and therefore does not have a performance history for a full calendar year to report.</p> CMRVX 2013-07-01 0.44 You may lose money on your investment in the Small Cap Value Fund. The Small Cap Value Fund is new and therefore does not have a performance history for a full calendar year to report. The Advisor has entered into an Expense Limitation Agreement with the Small Cap Value Fund under which it has agreed until July 1, 2013 to waive its fees and to reimburse other expenses of the Fund, if necessary, in an amount that limits the Fund's annual operating expenses (exclusive of interest, taxes, brokerage commissions, Acquired Fund Fees and Expenses, extraordinary expenses and payments under a Rule 12b-1 Plan) to not more than 1.25% of its average daily net assets. The Expense Limitation Agreement cannot be terminated prior to July 1, 2013 without the approval of the Board. EX-101.SCH 3 cmadvisors-20120701.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT EX-101.DEF 4 cmadvisors-20120701_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 5 cmadvisors-20120701_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE Share Class [Axis] Performance Measure [Axis] Prospectus [Table] All Classes Average Annual Return, Column Name Series [Axis] All Series All Prospectus Prospectus [Axis] Creation Date Effective Date Period End Date Trading Symbol Expense Example, 1 YEAR Expense Example, No Redemption, 1 YEAR Expense Example, 3 YEARS Expense Example, No Redemption, 3 YEARS Expense Example, 5 YEARS Expense Example, No Redemption, 5 YEARS Expense Example, 10 YEARS Expense Example, No Redemption, 10 YEARS 1 Year 1 Year 3 Years 3 Years 5 Years 5 Years 10 Years 10 Years CIK Registrant Name Document Type Amendment Am.Description Prospectus Date CM Advisors Fund CM Advisors Small Cap Value Fund CM Advisors Fixed Income Fund CM Advisors Fund CM Advisors Small Cap Value Fund Class I Shares CM Advisors Fixed Income Fund Shares Class R Shares Risk/Return: Risk/Return Investment objective: Investment objective Secondary objectives Fees and expenses of the fund: Fees and expenses of the fund, narrative Shareholder fees, caption Shareholder fees, table Maximum sales charge (load) imposed on purchases (as a percentage of offering price) Maximum Cumulative Sales Charge / Other Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) Maximum Deferred Sales Charge (Load) Maximum deferred sales charge (as a percentage of the amount redeemed) Maximum sales charge (load) imposed on reinvested dividends Redemption Fee (as a % of the amount redeemed within 180 days after purchase) Redemption Fee (as a % of the amount redeemed within 180 days after purchase) Redemption Fee (as a % of the amount redeemed within 180 days after purchase) Redemption Fee Exchange Fee (as a percentage of net assets) Exchange Fee Maximum Account Fee (as a percentage of net assets) Maximum annual account fee Other Fees (as a percentage of net assets) Annual fund operating expenses, heading Annual fund operating expenses, table Management Fees Distribution and/or Service (12b-1) Fees Distribution or similar (non 12b-1) Fees (as a percentage of net assets) Other Expenses, Component 1 (as a percentage of net assets) Other Expenses, Component 2 (as a percentage of net assets) Other Expenses, Component 3 (as a percentage of net assets) Other Expenses Acquired Fund Fees and Expenses Total Annual Fund Operating Expenses Fee Waivers and Expense Reimbursements Total Annual Fund Operating Expenses After Fee Waivers and Expense Reimbursements Portfolio turnover, heading Portfolio turnover, narrative Portfolio Turnover Rate Expense Footnotes Deferred Charges, Narrative Range of Exchange Fees, Narrative Expense Breakpoint Discounts Expense Breakpoint, Minimum Investment Required Expense Exchange Traded Fund Commissions Expenses Represent Both Master and Feeder Expenses Explanation of Nonrecurring Account Fee Other Expenses, New Fund, Based on Estimates Acquired Fund Fees and Expenses, Based on Estimates Expenses Other Expenses Had Extraordinary Expenses Been Included Expenses Restated to Reflect Current Expenses Not Correlated to Ratio Due to Acquired Fund Fees Example, heading Expense Example, with Redemption, heading Expense Example, Narrative Expense Example, with Redemption, Caption Expense Example, with Redemption, table Expense Example, Column Name Expense Example, No Redemption, Narrative Expense Example, No Redemption, Caption Expense Example, No Redemption, table Expense Example, No Redemption, Column Name Expense Example Footnotes Expense Example Closing Strategy, Heading Strategy, Narrative Portfolio Concentration Risk, Heading Risk, Narrative Risk Footnotes Risk Closing May Lose Money Date Of Termination Risk, Nondiversified Risk, Money Market Fund Not Insured Depository Institution Risk Caption Risk Column Name Risk Bar Chart and Performance Table, Heading Performance, Narrative Performance, Information Illustrates Variability of Returns Performance, One Year or Less Performance, Additional Market Index Performance, Availability by Phone Performance, Availability at Web Site Address Performance, Past Does Not Indicate Future Bar Chart, Heading Bar Chart, Narrative Bar Chart, Does Not Reflect Sales Loads Bar Chart Annual Return, Caption Annual Return, Inception Date 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 Bar Chart, Footnotes Bar Chart, Closing Bar Chart, Reason Selected Class Different from Immediately Preceding Period Bar Chart, Returns for Class Not Offered in Prospectus Year to Date Return, Label Year to Date Return, Date 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: Performance Table Narrative Average Annual Return Caption Performance Table 1 Year 5 Years 10 Years Since Inception Inception Date Before taxes - Return After Taxes on Distributions - Return After Taxes on Distributions and Sale of Fund Shares Market Index Performance Russell 3000 Value Index (reflects no deduction for fees, expenses or taxes) Russell 3000 Index (reflects no deduction for fees, expenses or taxes) Barclays U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes) Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period Performance Table Footnotes Performance Table Closing Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred One Class of After-Tax Shown Performance Table Explains why after Tax Higher Money Market, Seven Day Yield Caption Money Market, Seven Day Yield Column Name 7-Day Yield Phone 7-Day Yield 7-Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column Name 30-Day Yield Phone 30-Day Yield 30-Day Tax Equivalent Yield Risk/Return Detail Table Text Block EX-101.PRE 6 cmadvisors-20120701_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 7 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 8 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=%]C.3AB9#0R.%\Y,S'!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)T7V,Y.&)D-#(X7SDS-S%?-&(S-E]A9&(Q7S8Q M-#EC,68S,3$V-`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]C.3AB M9#0R.%\Y,S'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$T<'0@5&EM97,@3F5W M(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E6QE/3-$)V9O;G0Z(#$Q<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE&-H86YG92!& M964\+W1D/@T*("`@("`@("`@("`@("`\=&0@86QI9VX],T1R:6=H="!C;&%S M'0^/'`@65A&%M<&QE/"]B/CPO<#X\6]U(&EN=F5S="`D M,3`L,#`P(&EN($-L87-S($D@6]U'!E;G-E($5X86UP;&4- M"@T*#0H-"BA54T0@)"D\8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@("`@ M("`@/'1H(&-L87-S/3-$=&@^,2!996%R/&)R/CPO=&@^#0H@("`@("`@("`@ M("`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`^/'`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`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`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`@'0^/'`@ M2!S:&]W:6YG(&-H86YG97,@:6X@=&AE M('!E65A2!A;B!I;F1I8V%T:6]N(&]F M(&AO=R!T:&4@1G5N9"!W:6QL('!E'0^/'`@'0^/'`@6QE/3-$)W!A9&1I;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2`Q,RP- M"@D),C`P,SQS<&%N/CPO2`Q,RP-"@D),C`P,SQS<&%N/CPO2`Q,RP-"@D),C`P,SQS<&%N M/CPO&5S M*3PO=&0^#0H@("`@("`@("`@("`@(#QT9"!C;&%S2`Q,RP-"@D) M,C`P,SQS<&%N/CPO&5S*3PO=&0^#0H@("`@("`@("`@("`@(#QT9"!C;&%S'0^36%Y(#$S+`T* M"0DR,#`S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@("`@("`\+W1R/@T* M("`@("`@("`@(#PO=&%B;&4^#0H@("`@("`@("`@/'1A8FQE(&-L87-S/3-$ M;W5T97)&;V]T;F]T97,@=VED=&@],T0Q,#`E/@T*("`@("`@("`@("`@/'1R M(&-L87-S/3-$;W5T97)&;V]T;F]T93X-"B`@("`@("`@("`@("`@/'1D('9A M;&EG;CTS1'1O<#Y;,5T\+W1D/@T*("`@("`@("`@("`@("`\=&0@=F%L:6=N M/3-$=&]P/E!R:6]R('1O($]C=&]B97(@,2P@,C`Q,BP@=&AE(%)U"!W87,@=7-E9"!A2!M96%S=7)E&EM871E M;'D@.3@E(&]F('1H92!I;G9E"!M96%S=7)E2!C;VUP86YI97,@=VET:"!V86QU92UB87-E9"!C:&%R86-T97)I6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE"!R971U"UD969E&5S(&]N($1I'0^/'`@'0^ M/'`@6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^/'`@6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E6]U'!E;G-E6]U'!E;G-E(%)E:6UB=7)S96UE;G1S M/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S/3-$=&@^/'-U<#Y;,5T\ M+W-U<#X\+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA'!E;G-E M(%)E:6UB=7)S96UE;G1S/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S M/3-$=&@^/'-U<#Y;,5T\+W-U<#X\+W1D/@T*("`@("`@("`@("`@("`\=&0@ M8VQA'!E;G-E2!E>'!E;G-E6QE/3-$)V9O;G0Z(#$Q<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE M/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6]U(&EN=F5S="`D,3`L,#`P(&EN($-L87-S($D@2`Q+"`R,#$S+B!! M;'1H;W5G:"!Y;W5R(&%C='5A;"!C;W-T'!E;G-E($5X86UP;&4-"@T*#0H-"BA54T0@)"D\ M8G(^/"]S=')O;F<^/"]T:#X-"B`@("`@("`@("`@("`@/'1H(&-L87-S/3-$ M=&@^,2!996%R/&)R/CPO=&@^#0H@("`@("`@("`@("`@(#QT:"!C;&%S6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE'0^/'`@ M7,@=')A;G-A8W1I;VX@ M8V]S=',L('-U8V@@87,@8V]M;6ES6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!S96-UF%T:6]N M(&-O;7!A;FEE2!B;W)R;W=I;F=S(&9O2!S96-U7,F2!O2!B96-A=7-E(&$@<&%R=&EC M=6QA"!I2!T;R!B92!O;F4@=&AA="!H87,@82!M87)K970@8V%P:71A;&EZ871I M;VXL(&UE87-UF%T:6]N(&]F M('1H92!L87)G97-T(&-O;7!A;GD@8GD@;6%R:V5T(&-A<"!A2!T:&4@4G5S2!T:&4@:6YD97@@87,@;V8@=&AE(&UO"!IF%T:6]N('-T;V-K2!B>2!M87)K970@8V%P(&EN('1H92!2=7-S96QL(#(P,#`@ M5F%L=64@26YD97@@=V%S("0S+C,@8FEL;&EO;BX@5&AE(&UA2!C:&%N9V4@;W9E2!S96QL(&]R M(&-E87-E('1O('!U2!I="!A;')E M861Y(&]W;G,@:G5S="!B96-A=7-E('1H92!C;VUP86YY)G)S<75O.W,@;6%R M:V5T(&-A<&ET86QI>F%T:6]N(&EN8W)E87-E6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE6QE M/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE7!I8V%L;'D@:6YV97-T&EB M:6QI='D@=&\@:6YV97-T('5P('1O(#(P)2!O9B!I=',@;F5T(&%S2!B92`F;&1Q=6\[ M:6YV97-T;65N="!G2!A M;GD@;F%T:6]N86QL>2!R96-O9VYI>F5D(')A=&EN9R!A9V5N8VEE2!I;B!T:&4@;W!I;FEO;B!O9B!T:&4@061V:7-O2!A;'-O('!U&5D(&EN8V]M92!S M96-U2!S96-T;W(@86YD(&ES2!A;GD@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE29R2!A;F%L>7II;F<@8G5S:6YE29R2!S96-U M29R M7-I2!C;VUM=6YI8V%T92!W:71H(&-O;7!A;FEE6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE2!S96-U&-H86YG92!O'0^/'`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`^/'`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`^/&AR M('-I>F4],T0R('-T>6QE/3-$)V-O;&]R.B!";&%C:SL@=VED=&@Z(#$P,"4G M+SX\'0^/'`@F4@=&]T86P@'0^/'`@6]U(&UA>2!P87D@:68@>6]U(&)U>2!A;F0@:&]L9"!S:&%R97,@;V8@=&AE M($9I>&5D($EN8V]M92!&=6YD+CPO<#X\6]U&5D($EN8V]M92!&=6YD/&)R/D--($%D=FES;W)S($9I>&5D($EN M8V]M92!&=6YD(%-H87)E&-H86YG92!&964\+W1D/@T*("`@("`@("`@("`@("`\=&0@ M86QI9VX],T1R:6=H="!C;&%S'0^/'`@ M65A'!E;G-E'!E;G-E6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M6]U(&EN M=F5S="`D,3`L,#`P(&EN('1H92!&:7AE9"!);F-O;64@1G5N9"!F;W(@=&AE M('1I;64@<&5R:6]D'!E;G-E2!B92!H M:6=H97(@;W(@;&]W97(L(&)A6QE/3-$)V9O;G0Z(#$Q<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE7,@86YD('-E;&QS('-E8W5R:71I97,@*&]R("9L M9'%U;SMT=7)N'0^/'`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`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`R,"4[('!A9&1I M;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)W!A9&1I;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$)V9O;G0Z(#$Q<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE'0^/'`@&5D($EN8V]M92!&=6YD/&)R/CPO&5D($EN8V]M92!&=6YD(%-H87)E&5D($EN8V]M92!&=6YD(%-H87)E"!R971U"!S:71U871I;VX@86YD(&UA>2!D:69F97(@9G)O;2!T M:&]S92!S:&]W;BX@069T97(M=&%X(')E='5R;G,@6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W M(%)O;6%N+"!4:6UE'0^/'`@6]U(&UA M>2!P87D@:68@>6]U(&)U>2!A;F0@:&]L9"!#;&%S'0^/'`@2!F&-H86YG92!&964\+W1D/@T*("`@("`@("`@("`@ M("`\=&0@86QI9VX],T1R:6=H="!C;&%S'0^/'`@65A'!E;G-E'!E;G-E'!E;G-E(%)E:6UB=7)S M96UE;G1S/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S/3-$=&@^/'-U M<#Y;,ET\+W-U<#X\+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA'!E;G-E'!E;G-E2!E>'!E;G-E2`Q+"`R,#$S('=I M=&AO=70@=&AE(&%P<')O=F%L(&]F('1H92!";V%R9"!O9B!4'0^/'`@'0^/'`@&%M<&QE(&ES(&EN=&5N9&5D('1O(&AE;'`@>6]U(&-O;7!A2!B92!H:6=H97(@;W(@;&]W97(L(&)A'0^/'`@7,@ M86YD('-E;&QS('-E8W5R:71I97,@*&]R("9L9'%U;SMT=7)N'0^ M/'`@'0^/'`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`F;&1Q=6\[:6YV97-T;65N="!G2!A;GD@;F%T:6]N86QL>2!R96-O9VYI>F5D M(')A=&EN9R!A9V5N8VEE2!I;B!T:&4@;W!I;FEO;B!O9B!T:&4@ M061V:7-O2!S:7IE(&-O;7!A;GDL M(&UU;FEC:7!A;&ET>2!O6QE M/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^/'`@'0^/'`@ M&-E<'1I;VXN($YO M(&EN=F5S=&UE;G0@2X@5&AE($%D=FES;W)S($9U;F0F2!B87-E9"!O;B!M M86YY(&9A8W1O2!D96-L:6YE+"!R M96=A6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!L;W=E&5D(&EN8V]M92!S96-U&5D(&EN8V]M92!S96-U2!A M="!T:6UE7!E2!A M9F9E8W1E9"X\+W`^/'`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`@'0^/'`@ M6QE/3-$)W9E&5S(&]N($1I&5S(&]N($1I"`H'!E;G-E"`H'!E;G-E2`Q,RP-"@D),C`P,SQS<&%N/CPO M"!G96YE2!M87)K970N(%1H92!2=7-S96QL(#,P M,#`@5F%L=64@26YD97@@;65A2!U;FEV M97)S92X@270@:6YC;'5D97,@4G5S"!R971U"!S:71U871I;VX@86YD(&UA>2!D:69F M97(@9G)O;2!T:&]S92!S:&]W;BX@069T97(M=&%X(')E='5R;G,@3PO8CX\+W`^/&AR('-I>F4] M,T0R('-T>6QE/3-$)V-O;&]R.B!";&%C:SL@=VED=&@Z(#$P,"4G+SX\'0^/'`@2!K;F]W;B!A'0^/'`@6]U(&UA>2!P87D@:68@>6]U(&)U>2!A M;F0@:&]L9"!#;&%S6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M'!E;G-E6]U'!E;G-E'!E;G-E M'!E;G-E M(%)E:6UB=7)S96UE;G1S/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S M/3-$=&@^/'-U<#Y;,5T\+W-U<#X\+W1D/@T*("`@("`@("`@("`@("`\=&0@ M8VQA'!E;G-E'!E;G-E&5S+"!B6UE;G1S('5N9&5R(&$@4G5L92`Q,F(M M,2!0;&%N*2!T;R!N;W0@;6]R92!T:&%N(#$N,C4E(&]F(&ET&%M<&QE M/"]B/CPO<#X\6]U M65A'!E;G-E'!E;G-E6]U6]U&%M<&QE#0H-"@T*#0HH M55-$("0I/&)R/CPO'0^/'`@2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I;VX@ M8V]S=',@86YD(&UA>2!R97-U;'0@:6X@:&EG:&5R('1A>&5S('=H96X@&%B;&4@86-C;W5N="X@5&AE'!E;G-E'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE2!S96-U&-H86YG92!T2!I;B!S;6%L;"!C87`@97%U:71Y('-E8W5R:71I97,N(%-M86QL($-A<"!6 M86QU92!&=6YD('-H87)E:&]L9&5R2!C M:&%N9V4@:6X@=&AE(&9O6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE2X@5&AE(%-M86QL($-A<"!686QU92!&=6YD(&-O;G-I9&5R2!B>2!M87)K970@8V%P(&%S M(')E<&]R=&5D(&)Y('1H92!2=7-S96QL(#(P,#`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`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`@("`\=&%B;&4@8VQA7!E/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#Y/=&AE'0^1F5B M(#(Y+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S4-E;G1R86Q);F1E>$ME>3PO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^,#`P,3(P.#(U,CQS<&%N/CPO'0^1&5C(#$Y+`T*"0DR M,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^2G5L(#$L M#0H)"3(P,3(\6QE M/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M'!E;G-E M'1";&]C:SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'`@6]U(&UA>2!P87D@ M:68@>6]U(&)U>2!A;F0@:&]L9"!#;&%S'0^/'`@2!F'!E;G-E6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E6]U('!A>2!E86-H('EE87(@87,@82!P97)C96YT86=E(&]F('1H92!V M86QU92!O9B!Y;W5R(&EN=F5S=&UE;G0I/"]P/CQS<&%N/CPO'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@2!I;F1I8V%T92!H:6=H97(@=')A;G-A8W1I;VX@8V]S=',@86YD M(&UA>2!R97-U;'0@:6X@:&EG:&5R('1A>&5S('=H96X@&%M<&QE M+"!A9F9E8W0@=&AE($%D=FES;W)S($9U;F0F'!E;G-E17AA;7!L94AE M861I;F<\+W1D/@T*("`@("`@("`\=&0@8VQA6QE M/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE&%M<&QE+"!.87)R871I=F4\+W1D/@T*("`@("`@("`\ M=&0@8VQA'!E;G-E17AA;7!L94YA'1" M;&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@&%M<&QE(&ES(&EN=&5N9&5D('1O(&AE;'`@>6]U(&-O;7!A6]U'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE2!I;B!E<75I='D@2!I;G9E2!A;'-O(&EN=F5S="!I;B!O=&AE2!T;R!I;G9E29R6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UEF4@=F%R:6]U7-I2!S96-U M2!S96-U2!B92!T6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE&5D($EN8V]M92!396-U6UE;G1S(&UA9&4@;VX@8F]N9',@ M86YD(&YO=&5S*2!W:6QL(&)E(&$@8V]N7II M;F<@<&]T96YT:6%L(&9I>&5D(&EN8V]M92!S96-U3H\+W`^/'`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`^/'`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`@("`@("`@/'1D(&-L87-S/3-$=&@^3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^66]U(&UA>2!L;W-E M(&UO;F5Y(&]N('EO=7(@:6YV97-T;65N="!I;B!T:&4@061V:7-O'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@ M2!S:&]W:6YG(&-H86YG97,@:6X@=&AE M('!E65A2!A;B!I;F1I8V%T:6]N(&]F M(&AO=R!T:&4@1G5N9"!W:6QL('!E65A2!B>2!0 M:&]N93PO=&0^#0H@("`@("`@(#QT9"!C;&%S&5S*2!I M6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE65A2!2971U6QE/3-$)W=I9'1H.B`R,"4[('!A9&1I;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)W=I9'1H.B`X,"4[('!A9&1I M;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)W!A9&1I;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$)V9O;G0Z(#$Q<'0@ M5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^36%R(#,Q+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S2!2971U5)E='5R;D1A=&4\+W1D/@T*("`@("`@("`\=&0@8VQA5)E='5R;DQA8F5L/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#Y,;W=E"!#:&%N M9V5D/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^4')I;W(@=&\@3V-T;V)E2!B96YC:&UA2`Y."4@;V8@=&AE(&EN=F5S=&%B;&4@52Y3+B!E<75I='D@;6%R M:V5T+B!4:&4@4G5S"!I'0^069T97(M=&%X(')E='5R;G,@87)E(&-A;&-U;&%T960@=7-I;F<@=&AE M(&AI"!R871E'0^069T97(M=&%X(')E M='5R;G,@'!L86EN'!L86YA=&EO M;D%F=&5R5&%X2&EG:&5R/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X M=#Y2971U"!B96YE9FET M(&]F(')E86QI>FEN9R!A(&-A<&ET;VP@;&]S'1";&]C:SPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@"!R871E"!R971U M"!B96YE9FET(&]F(')E M86QI>FEN9R!A(&-A<&ET;VP@;&]S&5S M*3PO=&0^#0H@("`@("`@(#QT9"!C;&%S"`H'!E;G-E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S&-H86YG949E94]V97)2961E;7!T:6]N/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$;G5M<#XQ+C`P)3QS<&%N/CPO'!E;G-E'!E;G-E&%M<&QE+"`Q(%E%05(\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E17AA;7!L95EE87(P,3PO=&0^#0H@("`@("`@(#QT9"!C M;&%S'!E;G-E($5X86UP;&4L(#,@645!4E,\+W1D/@T*("`@("`@("`\=&0@ M8VQA'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'!E;G-E($5X86UP;&4L(#4@645!4E,\+W1D/@T*("`@ M("`@("`\=&0@8VQA'!E;G-E17AA;7!L95EE87(P-3PO M=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E($5X86UP;&4L(#$P(%E%05)3 M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^&5S(&]N($1I'0^36%Y(#$S+`T* M"0DR,#`S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E M;G-E'!E;G-E2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E6]U'!E;G-E'0^/'`@65A6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE2!I;F1I8V%T92!H:6=H97(@ M=')A;G-A8W1I;VX@8V]S=',@86YD(&UA>2!R97-U;'0@:6X@:&EG:&5R('1A M>&5S('=H96X@&%B;&4@86-C;W5N="X@5&AE'!E;G-E&%M<&QE+"!H96%D:6YG/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^&%M<&QE/"]B M/CPO<#X\6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6]U(&EN M=F5S="`D,3`L,#`P(&EN($-L87-S($D@2`Q+"`R,#$S+B!!;'1H;W5G:"!Y;W5R M(&%C='5A;"!C;W-T6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!S96-U&-H M86YG92!T2!I;B!S;6%L;"!C87`@97%U:71Y('-E8W5R:71I M97,N(%-M86QL($-A<"!686QU92!&=6YD('-H87)E:&]L9&5R2!C:&%N9V4@:6X@=&AE(&9O6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2X@5&AE(%-M86QL($-A<"!686QU92!&=6YD(&-O M;G-I9&5R2!B M>2!M87)K970@8V%P(&%S(')E<&]R=&5D(&)Y('1H92!2=7-S96QL(#(P,#`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`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`@("`@(#QT9"!C;&%S'0^/'`@65A6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA'0^0TU/5E@\ M&EM=6T@4V%L97,@ M0VAA&EM=6U386QE7,@869T97(@<'5R8VAA'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G1S M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'!E;G-E($5X86UP;&4L(#$@645!4CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S&%M<&QE665A&%M<&QE665A&%M<&QE+"`U(%E%05)3 M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'!E;G-E($5X86UP M;&4L(#$P(%E%05)3/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^/'`@6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E'!E;G-E2&5A9&EN9SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE'!E;G-E'0^/'`@2!F'!E;G-E6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W M(%)O;6%N+"!4:6UE'!E;G-E6]U('!A>2!E86-H('EE87(@ M87,@82!P97)C96YT86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S=&UE M;G0I/"]P/CQS<&%N/CPO'1";&]C:SPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'`@&5D($EN M8V]M92!&=6YD('!A>7,@=')A;G-A8W1I;VX@8V]S=',L('-U8V@@87,@8V]M M;6ES&5D($EN8V]M92!&=6YD('-H87)E&%B;&4@86-C;W5N="X@5&AE'!E;G-E'!E;G-E&5D($EN8V]M92!&=6YD(&%N9"!D;R!N;W0@:6YC M;'5D92`F;&1Q=6\[06-Q=6ER960@1G5N9"!&965S(&%N9"!%>'!E;G-E'!E;G-E17AA M;7!L94AE861I;F<\+W1D/@T*("`@("`@("`\=&0@8VQA6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE&%M<&QE+"!.87)R871I=F4\+W1D/@T*("`@ M("`@("`\=&0@8VQA'!E;G-E17AA;7!L94YA'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@ M&%M<&QE(&ES(&EN=&5N9&5D('1O(&AE;'`@>6]U(&-O;7!A M&%M<&QE(&%S&5D($EN8V]M92!&=6YD(&9O6]U&5D($EN8V]M M92!&=6YD)G)S<75O.W,@;W!E6]U6]U'0^/'`@&5D($EN8V]M92!&=6YD(&EN=F5S=',@<')I;6%R:6QY(&EN(%4N4RX@ M9&]L;&%R(&1E;F]M:6YA=&5D(&9I>&5D(&EN8V]M92!S96-U2!I;B!F:7AE9"!I;F-O;64@2X\+W`^/'`@&5D($EN8V]M92!&=6YD+"!T:&4@061V:7-O&5D(&EN8V]M92!S96-U M&5D(&EN8V]M92!S96-U3H\ M+W`^/'`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`@'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`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`^/'`@'!E;G-E M2!I;B!W:&EC:"!T:&4@1G5N9"!I;G9E'!E;G-E3PO=&0^#0H@("`@("`@(#QT9"!C;&%S2!O;B!Y;W5R(&EN=F5S=&UE;G0@ M:6X@=&AE($9I>&5D($EN8V]M92!&=6YD+CQS<&%N/CPO6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE2!S:&]W:6YG(&-H86YG97,@:6X@=&AE($9I>&5D($EN8V]M92!&=6YD M)G)S<75O.W,@<&5R9F]R;6%N8V4@9G)O;2!Y96%R('1O('EE87(@86YD(&)Y M('-H;W=I;F<@:&]W('1H92!&:7AE9"!);F-O;64@1G5N9"9R2!C86QL:6YG(#$M.#@X+3@U.2TU.#4V+CPO<#X\2!O9B!2971U&5D($EN8V]M92!&=6YD(&)Y('-H;W=I;F<@ M8VAA;F=E65A&5D($EN8V]M92!&=6YD)G)S<75O.W,@879E5!H;VYE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#XQ+3@X M."TX-3DM-3@U-CQS<&%N/CPO&5D($EN8V]M92!&=6YD(&AA2!A;B!I;F1I8V%T:6]N(&]F(&AO=R!T:&4@1G5N9"!W:6QL M('!E'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE6QE M/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W M(%)O;6%N+"!4:6UE6QE M/3-$)W9E6QE/3-$)W!A9&1I;FF4Z(#$Q M<'0G/CQF;VYT('-T>6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE2!2971U5)E='5R;DQA8F5L/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&5X=#Y(:6=H97-T.CQS<&%N/CPO5)E='5R;CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S5)E='5R;DQA8F5L/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X M=#Y,;W=E6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^069T97(M=&%X(')E='5R;G,@87)E(&-A M;&-U;&%T960@=7-I;F<@=&AE(&AI"!R871E'0^069T97(M=&%X(')E='5R;G,@'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@ M"!R971U&5D($EN8V]M92!&=6YD('-H87)E M"UD969E'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S&5D($EN8V]M92!&=6YD('P@0TT@061V:7-O'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'!E;G-E'!E;G-E($5X86UP;&4L(#$@645!4CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S&%M<&QE665A&%M<&QE+"`S(%E%05)3 M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^&%M<&QE M+"`U(%E%05)3/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^&%M<&QE+"`Q,"!914%24SPO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE665A'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S&5D($EN8V]M92!&=6YD('P@0TT@ M061V:7-O'0^36%R(#(T+`T*"0DR,#`V/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N M+"!4:6UE6QE M/3-$)V9O;G0Z(#$T<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^/'`@'!E;G-E'!E;G-E2&5A9&EN9SPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'`@6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE'!E;G-E6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE'!E;G-E6]U'0^/'`@6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE&%B;&4@86-C;W5N="X@5&AE'!E M;G-E'!E;G-E'!E;G-E17AA;7!L94AE861I;F<\+W1D/@T*("`@("`@ M("`\=&0@8VQA6QE/3-$)V9O;G0Z(#$Q<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE&%M<&QE M+"!.87)R871I=F4\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E17AA;7!L94YA'1";&]C:SPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'0^/'`@&%M<&QE(&ES(&EN=&5N M9&5D('1O(&AE;'`@>6]U(&-O;7!A2!B92!H:6=H M97(@;W(@;&]W97(L(&)A6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W M(%)O;6%N+"!4:6UE7!I8V%L;'D@ M:6YV97-T&EB:6QI='D@ M=&\@:6YV97-T(&EN(&9I>&5D(&EN8V]M92!S96-U2!O9F9E29R9'%U;SL@=V]R=&@N($EN=F5S=&UE M;G0@861V:7-O2!A;F0@:71S(&UA2P@:68@=&AE M(&UA29R6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M29R29R6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE2!A;F0@:71S(&)U6]U="!M;V1E;',N(%1H92!!9'9I29RF4@;W(@:6X@86YY('-E8W1O&-H86YG92!O&5D(&EN8V]M92!S96-U2!C6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2P@>6EE;&0L(&%N9"!R871I M;F=S(&9R;VT@;F%T:6]N86QL>2!R96-O9VYI>F5D('-T871I29R M6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE7IE"!O9B!F:7AE9"!I;F-O;64@6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE2P@=VET:&]U M="!L:6UI=&%T:6]N+"!P=7)C:&%S92!F:7AE9"!I;F-O;64@6EE;&0L('!R;W9I9&5D('1H870@8V]R M<&]R871E(&1E8G0@;V)L:6=A=&EO;G,@2!N871I;VYA;&QY(')E8V]G;FEZ960@F4@8V]M<&%N>2P@;75N:6-I<&%L:71Y(&]R M(&=O=F5R;FUE;G0@8F]D>2X\+W`^/'`@2!A;F0@ M9FEX960@:6YC;VUE('-E8W5R:71I97,L('1H92!!9'9I2!I;G9E2!A;F0@9FEX M960@:6YC;VUE('-E8W5R:71I97,@;6%R:V5T2!H;VQD(&-A'0^/'`@2!D97-C6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O M;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!G96YE29R2!B M87-E9"!U<&]N(&EN=F5S=&]R2!D96-L:6YE('=H96X@:6YV97-T;W)S(&%N=&EC:7!A=&4@;W(@ M97AP97)I96YC92!R:7-I;F<@:6YT97)E&5D M(&EN8V]M92!S96-U2!P2!M;W)E('9O M;&%T:6QE('1H86X@:&EG:&5R(&-O=7!O;B!B;VYD2!A;F0@8W)E9&ET('%U86QI='DN/"]P/CQP M('-T>6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE2!I;B!V86QU92UO6QE+CPO<#X\<"!S='EL93TS1"=F;VYT.B`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`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`@("`@(#QT M9"!C;&%S2!O;B!Y;W5R(&EN M=F5S=&UE;G0@:6X@=&AE($%D=FES;W)S($9U;F0N/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE65A2!S:&]W:6YG(&AO=R!T:&4@879E65A2!F;W(@82!F=6QL(&-A;&5N9&%R('EE87(@=&\@2!A;B!I;F1I8V%T:6]N(&]F(&AO=R!T:&4@1G5N9"!W:6QL('!E65A5!H;VYE/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&5X=#XQ+3@X."TX-3DM-3@U-CQS<&%N/CPO6QE/3-$)V9O M;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@ M3F5W(%)O;6%N+"!4:6UE'1";&]C:SPO=&0^#0H@("`@("`@(#QT M9"!C;&%S'0^/'`@6QE/3-$)W!A M9&1I;FF4Z(#$Q<'0G/CQF;VYT('-T>6QE/3-$ M)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'0^>65A2!2971U5)E='5R;DQA8F5L/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#Y(:6=H97-T.CQS<&%N/CPO5)E='5R;CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^3&]W97-T.CQS<&%N/CPO2!2971U'0^1&5C(#,Q+`T*"0DR,#`X/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'`@$-H86YG960\+W1D M/@T*("`@("`@("`\=&0@8VQA"!W87,@=7-E9"!A2!M96%S=7)E&EM871E;'D@.3@E(&]F('1H92!I;G9E"!M96%S=7)E2!C;VUP86YI97,@=VET:"!V86QU92UB M87-E9"!C:&%R86-T97)I"!R971U"!$969E"!R971U"!(:6=H M97(\+W1D/@T*("`@("`@("`\=&0@8VQA$AI9VAE'0^4F5T=7)N($%F=&5R(%1A>&5S(&]N($1I6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE M"!R971U&5S+B!!8W1U86P@869T M97(M=&%X(')E='5R;G,@9&5P96YD(&]N(&%N(&EN=F5S=&]R)G)S<75O.W,@ M=&%X('-I='5A=&EO;B!A;F0@;6%Y(&1I9F9E"UD969E'0^/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G1S/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&@^&%M<&QE+"`S(%E%05)3/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^'!E;G-E($5X86UP;&4L(#4@645!4E,\+W1D/@T*("`@("`@ M("`\=&0@8VQA'!E;G-E17AA;7!L95EE87(P-3PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'!E;G-E17AA;7!L M95EE87(Q,#PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'`@6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E'!E;G-E2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'`@6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE'!E;G-E6]U'!E;G-E'0^ M/'`@65A6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4 M:6UE2!I;F1I8V%T92!H:6=H97(@=')A;G-A M8W1I;VX@8V]S=',@86YD(&UA>2!R97-U;'0@:6X@:&EG:&5R('1A>&5S('=H M96X@&%B;&4@86-C;W5N="X@5&AE'!E M;G-E&%M<&QE+"!H96%D:6YG/"]T9#X-"B`@("`@("`@/'1D(&-L M87-S/3-$=&@^&%M<&QE/"]B/CPO<#X\ M6QE/3-$)V9O;G0Z(#$Q<'0@5&EM M97,@3F5W(%)O;6%N+"!4:6UE6]U(&EN=F5S="`D M,3`L,#`P(&EN($-L87-S(%(@2`Q+"`R,#$S+B!!;'1H;W5G:"!Y;W5R(&%C='5A M;"!C;W-T6QE/3-$)V9O;G0Z(#$Q M<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2!S96-U&-H86YG92!T M2!I;B!S;6%L;"!C87`@97%U:71Y('-E8W5R:71I97,N(%-M M86QL($-A<"!686QU92!&=6YD('-H87)E:&]L9&5R2!C:&%N9V4@:6X@=&AE(&9O6QE/3-$)V9O;G0Z(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE6QE/3-$)V9O;G0Z M(#$Q<'0@5&EM97,@3F5W(%)O;6%N+"!4:6UE2X@5&AE(%-M86QL($-A<"!686QU92!&=6YD(&-O;G-I9&5R M2!B>2!M87)K M970@8V%P(&%S(')E<&]R=&5D(&)Y('1H92!2=7-S96QL(#(P,#`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`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`@("`@(#QT9"!C;&%S'0^/'`@65A2!F;W(@82!F=6QL(&-A;&5N9&%R M('EE87(@=&\@6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA&EM=6T@1&5F97)R960@4V%L97,@0VAA M&EM=6U$969E&-H86YG92!&964\+W1D/@T*("`@ M("`@("`\=&0@8VQA&-H86YG949E93PO=&0^#0H@("`@ M("`@(#QT9"!A;&EG;CTS1')I9VAT(&-L87-S/3-$;G5M<#YN;VYE#0H-"@D) M"0D\'!E;G-E'!E;G-E&%M<&QE+"`Q M(%E%05(\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E M17AA;7!L95EE87(P,3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E($5X M86UP;&4L(#,@645!4E,\+W1D/@T*("`@("`@("`\=&0@8VQA'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@("`@(#QT9"!C;&%S M&%M<&QE665A&%M<&QE+"`Q,"!914%24SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S&%M<&QE665A2!B96YC:&UA M2`Y."4@;V8@=&AE M(&EN=F5S=&%B;&4@52Y3+B!E<75I='D@;6%R:V5T+B!4:&4@4G5S"!C;VUP86YI M97,@=VET:"!L;W=E"!I2!N970@87-S971S+CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$:6YN97)&;V]T;F]T93X-"B`@("`@("`@/'1D('9A;&EG;CTS1'1O M<#Y;,UT\+W1D/@T*("`@("`@("`\=&0@8V]L'!E M;G-E2!E>'!E;G-E2P@=6YD97(@82!2=6QE(#$R8BTQ(%!L86XI('1O(&YO="!M;W)E('1H M86X@,2XR-24@;V8@:71S(&%V97)A9V4@9&%I;'D@;F5T(&%S2`Q+"`R,#$S('=I=&AO=70@=&AE(&%P<')O M=F%L(&]F('1H92!";V%R9"X\+W1D/@T*("`@("`@/"]T'!E;G-E'!E;G-E($QI;6ET871I;VX@06=R965M96YT M('=I=&@@=&AE($%D=FES;W)S($9U;F0@=6YD97(@=VAI8V@@:70@:&%S(&%G M'!E;G-E&-L=7-I=F4@;V8@:6YT M97)E&5S+"!B6UE;G1S+"!I9B!A;GDL('5N9&5R(&$@4G5L92`Q,F(M,2!0 M;&%N*2!T;R!N;W0@;6]R92!T:&%N(#$N-3`E(&]F(&ET'!E;G-E($QI;6ET871I;VX@06=R965M96YT('=I=&@@ M=&AE(%-M86QL($-A<"!686QU92!&=6YD('5N9&5R('=H:6-H(&ET(&AA2`Q+"`R,#$S('1O('=A:79E(&ET2P@:6X@86X@86UO=6YT('1H870@;&EM:71S('1H92!&=6YD M)W,@86YN=6%L(&]P97)A=&EN9R!E>'!E;G-E'1R86]R9&EN87)Y(&5X<&5N M2!N970@ M87-S971S+B!4:&4@17AP96YS92!,:6UI=&%T:6]N($%G3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%]C.3AB9#0R.%\Y,S$9$2T)K845)23!+>'=25E,P9D%K33)*>6=G:TM&:&-91U)O;$II8V]+ M4V\P3E19,PT*3T1K-E$P4D92:V1)4U5P5%9&5E=6,6A:5VU.:UI76FYA1VQQ M8S-2,61N9#1E6'%$:$E71V@T:4II<$M4;$I75VPU:5IM<4MJ<$M7;0T*<#9I M<'%R2WIT3%#AJ2GET3%0Q3EA7,3EJ6C)U2&DT*U1L M-75F;S9E$5%0E-%>`T*0FA*0E519&AC4DUI36]%249%2U)O8DA"0U-- M>E5V0599;DQ20VA9:TY/16PX4F-91U)O;4IY9W!+:E4R3GIG-4]K3D5255I( M4T5L2PT*53%25E9L9%E75G!J6D=6;5HR:'!A;DXP9%A:,V5(;#9G;T]%:%EA M2&E);4MK<$]5;%IA6&U*;6%O<4]K<&%A;G%+;7%S4UN2S!T4%4Q9&)8,DYN831U4&LU96)N-D]N<3AV4#`Y9F(S*U!N M-B\Y;T%$04U"04%)4D%X14%0=T1P+T%09PT*,W=X9&5"4$1L>&,K2$Y&;6YL M,#(R:VMK:W-9;5HR35-K5-4>FUT-R]!25%8=VXO,$LK:&8K0RM(+W=# M2G!F:'@O=T%K.#A,+PT*05!92W1F.$$P4W1A4&E'>74Y4C!E-'1.3W9VF%0-%8P8E1,;&\R;G-R M2T$%Z8FLT>695,#E/>$MV83EZ5B]W0T5& M.$HO.4-V;U@O9W9H+SA!:6%0*T5&.$HO=T11#1T,7!84SEU-UE"24Q)1&)&8U-22V5B M8S@W50T*0E!V;G`PD4O-%%8=VXO04Y#=@T*;U@O9W9H+RM*;R\T45AW;B]W M0D-V;U@O04E,-&8O:6%8+VA(=%0O-D2\K4C9,3`T*$Y:5VI71W-8,F\V.6)Y*TQD84-71C9T M=`T*159G35B+U(K=396:'AJ9T0V;EEIF M.$%Y4%)P,D(S6#)V>D4O=T-%1CA*+SE#=F]8+V=V:"\X00T*:6%0*T5&.$HO M=T11'@S4%AT&)R6&M81FQC,TQS64Q,8T=J94)602\P9D=-4W1N:G-/ M;F97+S12-U4O=T1O8CEE+S3="9"]Z9FU* M+W=G=FA0+V]6.4,O.$8X4"]!3512+W=!24PT5"]!3VA8,$PO=UAW+R]!0DY, M+W=!20T*.7%F+T%%3BMV9CA!9FUY+RM2-E`K164Q4"]O8CEE+S%`X06A"9D-F+U%R-D8O-$PT9B]!26UJ+VA"9@T*0V8X03!+ M*VAF*T,K2"\T;7-R5V)$5TQ(561"=#1V1G5T1DPK.6$R;$Q15U=1;W0U<&-R M+T%+4#$S4DM/8SA%+U5A,R]!06HR<"\X00T*43,V.2]W0BMB3"\U2&\P-T)R M+TXK66XO04%G=FA0.$$V1F91=B]"9D0O.$%%,&8X24PT5"]W0VA8,$PO04U& M.%`O>$Y,+W=J,G`O.0T*1&9R,R]F;7DO=T1K96HO:$AT5"]!3VAV,3%`K148X2B]W1%%R-D8O-$PT9B]I85`K148X2B\X M00T*47(V1B]W0T,K2"\T;6PO-%(W52\K:'8Q-R]V>EIF.$%Y4%(O=VHR<"]W M1%$S-CDO,S5S=B]K96EY-T)D+W=!,S5I9CA)3#14+W=#:`T*6#!,+T%-1CA0 M+WA.2"]#0RM%+RMH6#!,+W=!1CA0.$$X5%=6$Y(+T-#*T4O*VA8,$PO=UAW+SA!>$Y,+T%-23EQ9CA!,$XK=F8Y*V), M+S5(;R\T4C=5+RMH=C$W+W9Z6F8O23E&;#)#-R]M+PT*350O:$)F0V8O47(V M1B\T3#1F.$$T;6HO04E16'=N+S!+*VAF*T,K2"]W0TIR2SA45T=S85AP,$YX M8BM,9&%:,W9B4S))94-Y23)Y,PT*16-42&DS2$\Q>5(W-#8Y2S%V.$%H2'14 M+W=#:'8Q-R]!3#@R6"]Y4%)P,D189FTO350O:$)F0V8O47(V1B\T3#1F.$$T M;6HO04E16`T*=VXO,$LK:&8K0RM(+W=#2G!F.$%H2'14+W=#:'8Q-R]!3#@R M6"]Y4%=4-'1S3EDP9G=R'AQ1E9&17)!2T%/04%/35563#A34#A!:V]F:6HO%)I;5-.>%)I;EEO>%%!,T9'2V1I:D9!1&-567`R2TU500T*3GA2:6Y9 M;WA103-&1TMD:6I&041C55EP,DM-54%.>%)I;EEO>%%!,T9'2V1I:D9!1&-5 M67`R2TU504YX4FEN66]X44$S1D=+9&EJ1@T*041C55EP,DM-54%.>%)I;EEO M>%%!,T9'2V1I:D9!1&-567`R2TU504YX4FEN66]X44$S1D=+9&EJ1D%$8U59 M<#)+355!3GA2:6Y9;PT*>%%!,T9'2V1I:D9!1&-567`R2TU504YX4FEN66]X M44$S1F-0.%DU.418=TIQ.79R75*3$=/.&%08S!Y>$U&84E.>5A" M60T*049E4G5(G=$57DR3&@X4T]Q>%)I;EEO>%9%2`T*=U@X4U`K4VEE M2V8K=W)D9BMJ;6]O*TI(+TI24$90.$$R1F)R+W="2$Y26$$Y>C$T-TDK,'9H M="]Y5')W="\R0W)8+S!3=&)7;S-8,@T*2WIK;D5%.7=Y-$-W=TIU9#)*04%( M441*235*0VIQ>$%"27AV:'-0*TQD949V*W=682\X06]L83)T4G5*8E-Z:VUG M5%/0S=+=DA8;&@P.65+-U9S95A*93A90RM,-'!* M0F%W85)Q8S)R0C-76%16.&=44D)&:EIM6FI)26E-5'=N-5A*+V5$:FAT=0T* M.7!T-V(V;G`Q4-/=&-(;W5L87)O M=6\R*W!W-DYF>3)%9C)Y2T14=G1-56PS0W,U='!#,`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`K2%AI3#=$0F)Z6C`K-$4S;E1'4%I( M-4PW;5A#3G598UE5-U%F-W=R5EI*T=W8R].;FLT231W<&)&45AV23=I:6QX4FEM M469"4'A*+S5+3#1P+S=#=#$O-D]A:6HT:R\X;$8X50T*+W=$659U=B]!16,Q M1F-,,U!7:G-J-U4K1W%)I;EEO>%%!,T9'2V1I:D9!1&-567`R2TU500T*3GA2 M:6Y9;WA103-&1TMD:6I&041C55EP,DM-54%.>%)I;EEO>%%!,T9'2V1I:D9! M1&-567`R2TU504YX6&=N:$=+-#%$44Y,=6)V5@T*.65K;6UT67!*1R]T:39' M5TM!:S1%;4]PF-81GA) M=#%E4@T**UI02S!R;%9U<%951FU*2G=O0350875U>%A)9D-19CA54D0O04YF M="]W1"ML:S%D:FEU5F)(<6IC55EP,DM-57='-&]X5'-566]!8@T*:6I&3WA2 M:6="=4M-53=&1TM!1S1O>%1S55EO06)I=48K37,K:$PT1#%E,S$R6%1"8U-7 M5GI*67A8:E(W;6U72F=R4D)U4S1,04%R>0T*3G$LO-4M.-'$O M-T-T,2\V3V%I=48W;G%X,E(Y51I,W5,;&QW1FAT,#-/-T5G041O0FMK8VMH44]724%*1TPX3E`X06MN M4&A8+W-%,FXO;VQA,3EB=6)U>3!Q-75.3S`K5%5R>$5Z1@T*85)Y<$=:5S9! M8C-)0VIU5#9!-$)/065X8DAM=&4X66$K34DU2D)A=V%2<6,RDUX:T521THT1#AR:R]V0@T*>'3ET.50P,C!V-T=4>F)3 M-FE394=4858S27=$2V-(0D=14G=A-$Q2-U17-U!753$K-3A06#AT>69T54YZ M17,QDAZ66Y/96-D8V-$:G)M:CA.450X3U!#=D]0*PT*2E9A9BMI57`Y4E

B]!16]!4$Y-46Q&1T1G1$HK=$QG M-2]P44%L1DM!96%40G=":R]79UE5575$;BML04(U;T5*4E)G-$%Y9G)3-$]F M-E5!2@T*6$IF1F0W>%!H>C1J*W=W5S@R-U0W:U1E9$U9.6MF:W9U6F-),C5H M>&A4=$(O=D-U=4%03F-,.%5T2G9:4$)V:6DW5'A"<6M-03!Y-`T*63)34C)X M:4E%3%I82FA,-&)">C@K951G:FI#;'-61F%O-VUI;'A2:6U39D%N>$LO-4M. M-'$O-T-T,R\V3V%I:C1L+SAL1SA69CEH80T*-R\X05)Z559X4&,Y4T]Y4'1N M-&%$+VDS2&A8+T%,0DYP+S9*5W5K>%A/9D10+VMN2&A4+T%,0DYP+S9*4W5L M>%A7=&IZ<&)S8FEJ1@T*3WA2:6U33GA83B]$468X049U4$-V+UE*=%`X03!3 M=&1.:75A*T=F+T%#5&IW<"\R0V)4+T%.17!3-FQD1&\X55EP,DM-57E2=4M- M50T*-T9'2T%'-&]X5'-566]!8FEJ1DUU6D=H='!:631:3&@P47-S55I53DE1 M3T9'-&AC;G!Y45!5:75F6'AB0E!P=6I83VYA9'%&.4YQ,0T*;TPV0S!H.'!: M4D1H0WI-6DA60F=Y>&=G351L=4%10U%81VQC-E!&1TMX9%(X4U=D<#10:SA3 M,CA6>&9A8W1O3#1#,U5",VA+:'1W10T*:%AO=GI92D)W35EZ>%9R5717:C`O M5DY*&AP:$US:`T*:6%,9S=C:5%&4S(W64U&=#(S-7%Z22]' M15@R85=7-#!J5DQ:-$Y49S!U94M1=T9O6DIH1G-C-UI30VXW-DUF2U-W,V9D M-$Y8+T,Q<`T*9C9F<&1R83-L<'`X1S-Z;6M&G7%G:DE59VMK:D),E0K5$Q: M4DY.3DQ,.&M3:$9J950U:C`R3$Y#>$IW35-$0@T*2E9W=6QP,3$Y=7-O-VM1 M6$9U4U(0G=W0G=W535!>G14,%@K,'18:6MU170P MDXO0V]94TAH2%1T53`S M5%I)9&(Q2"LP3&AP4WEY639$0V=N;BLX=V548C!4>E!,6$MO<$ID:7-R1S%I M:D9/>`T*4FEM4TYX4FEN66]X44$S1D=+9&EJ1D%$8U59<#)+355!3GA2:6Y9 M;WA103-&1TMD:6I&041C5C1*-$,O-4984F8K=DM(+S!7=&4K-`T*4MU:2\Y9550+T%+3%=R<"]%8S)+*T$W94@O54=S:E5E.6$X4"MO3EI';SDV M-C4W2&U1,T]P*T51+S1O840O#-W:"\U16%$+T%+ M+V(O=T0Y3$IQ-U!&8TM08T7I%1"]!1UA)-D=H=7#-W8TPX-E,U2B]I5C@X M9PT*,6TK4')N5$EF16M&.5I.<"MV.$%I5WHX;45I$2EHR-5HR4TY136IG4DHU M>FAJ*SEK9T=75F\Y:55H=49J=&-567`R2TU64D$S1D=+9&EJ1D%$8U9W=GAO M;C!&9D%/'5:3$-+.6%08S`V>$U&84E.>5A"64%&95)U M2')895ER:V9I>F-3,C-W-#A2*U1:6$8S-6UN,TUB95,P63AP5$,K6D%5D,&1::6I&3WA2:6U39D%(>$PO=T-3:BM+=BMW=&0O M=T1O-7%+6#1M9CAL2#A6+W=$65=U+R]!16,Y1F-B,PT*4%1J4]Q1$)L:D)!66Y,8T%G16IC,'DY='14 M,#(P=C='5'IB4S9I4V5'5&%6,TEW1$MC14%J24DT4$YC2C1E,"]73@T*2#!N M=UID>F%*95181VUA3DIP9'I:47I196-S:"MZ-&-&<$)'52\P9'5J-W9N5#5F M=F)E=3A(-EI.;S-H3%).3'5M:F4T3)V:416 M3DY1249-3G)(8DUR2$HK60T**V)#-UHU>#%X=T]/=6%0=S!'9FAV-%4U>"]X M2V)4+S!3;$A56%$V5$9'2S0S-'`S1C%$;W1H1D)E<'`QDU303=&;5!,4UIC:51/4TIL;%5L M:74T.4IT3S!$8V,K=G)45W!,5FE+-DUY,C!R5W-C8VQW14IJ4U)Y:7,R3T%7 M00T*2D%Z,W=C96@V5GA/:F5(=&4P:E-F0W-K34]M6$=P-E)P:C963&)T9'E2 M=W5R950K.5=8>6DR9CE(6#53;CA:*V(U9FUL*TMM<#9L<`T*=&IO:392<45T M:$ID-F@U17-S56-BD4W36]2=&]#-%E93%I*24\S1S0S9&)S9%EV6AG3&5:>'EK4W-$=5)E.4]63G@S1D1%=W%/,%=D='%F:"LT=C3!V M3$A2%EM;G0O03EY,7)C6$9T23$Q6G@K M6F)Y=$4T5G)Q2E=!6E-#37%33T0P3F-,6F%E6DUB.54Q."\Y>'$X+RM/,3(O M=T%8:"]X40T*,'AZ+T%-=G1H>"\R*U$Q>3)N9'$Q<%)497%/4$9Z;$),;&1H M6CE(4EEW5C%,6'=C9CE"=3@O.$%J=%EK-C-.:G%E:U-7*W$V,VLV;@T*6E)L M6DY6=5I&6E=U63%:4W)3145&4U)G:G985S-8*W!(,')L=%FXX M2T%$1D=+04]V3V8V56)4=`T*03-(4'(V,$%'2TU5635Z;CA+04]V3V8V54%' M2TU58E1T03-(4'(V,%DU>FXX2T%$1D=+04]V3V8V56)4=$$S2%!R-C!!1TLX M0CA"9@T*.&ER;W8O6&Q$+S9,5W9FBM&94$K078X06M69$8O=T-V2T@O M,%=T6%0K235C6#A",CA0.$%Q1%=2<5!E=&5(+U5'C10:B]I:%EE9BM8-B\O1"]42G$W M4&%D;T69%55(O9CA, M-BM0*T)79B]Y4E9+,"\Q6BML6G5O.38S9$)*6'5C56-B3G4Q;"M0*UHV0C16 M.`T*43)V:5-W;'5B4TLT=#-G;4U%.$9W1D1X4'163$T;G4@O1G0O0VXO64IT4"]22U8P=4LU=C1:9CAK,CA*+SEG;3`O.45P6%16,4Q9 M-$AU3GA2:6Y557E2=4LU51B=VXO,D-B5"\P4VQ,<58P1V5,=D8Y=#1:=DQ#,6PP-U5,-F4X4U=21G10 M2RM667EG67-:2%%D6D9X:E!E4XS:&XO$=);%-D:VMB&)A-W)N.6Q$4V15'E/8S5K6'%05W5D,41V5E1W3"]Y53(R+S="3C4O-D]T80T*2W1. M458P>6-0:5I66F-R4R]R-6YR94M-539I#=E1U`K=W0O=T,R M;'I74'`O871N-'@O.&5V:&HOFMW=CA34'%J,U1&1PT*2V126$EE M>4YX4FEN555!3GA2:6Y554%.>%)I;E5504YX4FEN555!3GA2:6Y554%.>%)I M;E5504YX6'HY-$,O-4984F8K=DM(+W="1@T*4EC2"]8-V8X02]P M6DY883$U-3=Y1S1R=W)3=CA!:BLQ:B]S3&%H+S96>3$W=EAH1VPO=T1(+W)( M+PT*04=&.5$O.$%3=5=T2V9X2%!I+S1F>B]Z3W%T4#E79G!78G%0971+,"]W M0E=F<%=B<5!E=7E7>#5%9'IA*T1F+T%"-F5*=CA!%A"+T=M9E%6.$%A>&(V.4YP60T*=4I,1S5KE1R17=6;V6Q- M3#5K8F5Y+TM/*PT*,TQC.$$P;G-62&1(5S1O>%1Q2UI**V9F>$XO-4M2-'(O M=T-W=&0O*VIN;V\K2G8O04-5;GA:+S)&51B=VXO=T)G;3`O.45P6%,Q>F9W>"\U2G0T5"]!3W=4868X06]L2S97 M=7!B2$,Y>FYB5'A683-/F=N2S=U:')G.4TP9E9).5

7ILFIG-#1(2%A0269$=E%.4VTK2"]H;5=0>&)R;'5J-EAA M%0T9T@O06)0+W=# M4C8P<%9&1&1(3&EC4$MQ,#1T1UAF9F,O0PT*&8T96U1669X6#1G4#A!=T-Z+T%0:V5O679H;DA$<49P9E(K2U!%075R M4GI*0RM,4#572TUH3PT*4',K1#AR"]W M06IV-DLU=B]H2$Y5+S9(5'A"+W="*V)$+S5';R\T4GI64"MH,#A19CA!9FUW M+PT**U)Q=W5D.79->B]J0B]Y26LO.$$Q*S)(+W!:1%A*860RGAY1E!,$AC63,K3'182#!T M-TPO04]2-C5C4FI+94=T-U1Q9#)%>39R:D9*,')A9@T*<65U558U,4IB839S M26-E361A>B]!3F-,2"\U2')L4$9E=&5+3DDP5%5B>3(X5V%M,'1T8GE424I, M87I)2E934FY%030T#`O5PT*=$8X238S<6QR-'DQ>#=I>'-:-VU.6DE,17%74TYM05E#,T)X M:V,T27)N3$,X.%-81TXO:3=6:&XP=#=,+W=#359Y-&I'53A.8C)N50T*-W-( M;#%81TM4<%2M:,&QF4&9G3"]K5F1& M+S8X;V8O4F$Q-T(O=VIM<68Y1'`T9R\W.#)(+WE.6%!72'=P=&10=%E,83`X M4RM)20T*-%E55T].9CE%3T9!=T)K=UHV0W)H3&QD,EE6-DQQ4G-M5C1F.5%A M>4Y2-S$Q:2]$-6Q803A6*TE-9C=L;B\X04DY47EF1%9*4'8X00T*:6IX068K M03)F+WE05SAQ-F%T631O-$=A9#=R.&8X:7HX2'8K4D1T+RMV,B\O=T13>6%U M,7)J=$@X15A':E=#,E=M*TQV145.DAP,CAZ<$LX2#!V+VHO04Y9 M+S=#*V]F*VQC=&5Q9@T*.$DU<6XO439E25`K+TYH+SAJ5F=X9D,R,VEK;650 M>$XT9T145%-4=6-7;DQY3UAC+W=#;S=S>$]/;E!&5D-82S=M5F5K-FM/5DUP M,@T*;BMR4#!R3C%(=EA52CA05U%96'A8-&=!+W=">7HO.$%K96]P4&AS#EA,&8K16,Q5"]O9`T*4$5(+T%(-7-0+VMA=6$U-F-9,E-6 M>G!+2S5V+T%)4GI64#A!;V1014@O9FUW+SA!:V%V4#=R55!%C)/ M556-71:4F$Y3W58.%EA,%!P8C)8+WE05E#-R27-5,V)4-WHQ3W51*TQB,VEF M1&)X2CEH9W0U=#)N6$MZ961/,%=Y3'E8,TUU16)C=PT*-'=P,F6,R-35Z23-P=T)6:C1I M84)Q55!W+SA44WEE3&1C=4544PT*-W!M:&MI3-4%HO,D9R=B]!3DA04EA+.7HP1G-F8U!W M>$@O1G1F0V8O64ET4"]22U8P,DLU=C191"]I,G9H4"]!3$)&<"\V2@T*4W5M M>%A3=&II930S1D=+9&EJ1DU1,T9C>CA-4B]W05%)I M;EEO>%%!,T9'2V1I:D9!1`T*8U59<#)+355!8W8X5&@O>&)8>%HO=T)G:34MM="]W1%AL4#A!*VDR M$8O-4945R\K=DMF+T%.1G18:G@K3U!Q90T*.4@T2F5J M4&4X55EP,DM-5CEU9FTU>2]X3T@O1G1F1FXO64EU+W=$,%,Y8TIP2#A.9#&)8>%HO,D-,=B]W0D5V6$)A4B]$6`T*9UHS=E0K9C9(,5A$9G=69BLS M9C%/<5@O04DY2S5F5B\T<39H9BM04W58,68K2W9%;'-F4E50:4\U*T=)+W=# M3&$K12\K=U)A9BMI50T*%1S55EP:4E)F1450:EAX0F0R=F@V.79R M3S=U67!O6F]*-UI1=T9T1$=E2&Q69U%Y3C)R,2]&8WHT=PT*.%(S4&@W>7!H M63(X,7!W1V%7.$55$-N0T5O0U-O1$A,8F--4E%H6&AY M5#)/;D-9<7!H86YT2U3EL2G(P0PT*-&9W9G)2*VQX62\O04-25F$O5'A$ M8UHR940Y64@Q=4Q,+S5)G!"04YR M35I*-492>DA'00T*<$)F85%#5C-B4FQH5W8X05AD5C`R5S)K,412-V505#)M M=')785I,,V9)2G!N4TUE56YL9U!'2&M64WI.1S)!-3)C3'4T+S=+=R]M90T* M9W,W>%8W<3,S1UHX2SE,,4Q455R>%HO,D8W=B]W0DA04E(X M5"\X06MP6&EZ+W-,,V8X039/96EU5C=N8W1J-VLK1T$O=T-,82M%=@T**W=2 M868K:55R<'-6>EAW=T@O1G100U@O04=#3%0O,%-L8D=O4F%N2F,R8F%D9#)C M1G5R-755;G17;&%68VIH1T5I:$1J9'E1,U5C8PT*65!3=&IJ935L2'A:64,R M,6E943-H3VTS>6%A,&)1-T=M=4A%5WA9=WA(1$Y.1V]:='%N3V,W8TY6+U%T M6%16-')N+U)R:7IU0T*3&TQ=4YN;5%VDI99CA!4S1R9C=,=4-98S=7 M4#)6=`T*;V994&Y42DAZ8F5I.$DR;#)K,G4V:&97:VQK9%1V:&12,C!Z23!S M4W)B=W3)V:4A63DU1249-3G!(8DUR2$I/-"MB0S=: M-7AW8V-$:G)M:#A-4FXT865%4UC.%I.1T]18VY(<%%!66]X44)G M;FMN4#958E1T03-(20T*>'IX:S!!1TM-55DU0GEC96Q!1T-E4V,O<%%!66]X M4G1/,$1C8VI(4$=44FIK2$IX-E5!1TM-54%92C5*>BML1S`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`W44YX>4UC M.%I.1T]18VY(<%%!66]X44)G;FMN4#958E1T03-(27AZ>&LP04=+3559-4)Y M8V5L04=#95-C+W!105EO>`T*4G1/,$1C8VI(4$=44FIK2$IX-E5!1TM-54%9 M2C5*>BML1S`W44YX>4UC.%I.0456,4%T>F)445-'4E5L46]X:FMA3F=#34AA M>6M-<`T*.4-#0T\Q8WIR4&AI*W9.2FPP3WHQ4T](47)M,F4Q=55U;W!R=3=: M6DYW8W!C4$YW9')96&-R-U-/-'=O-G9(24]4:C!O07=4>51N.0T*2U$Q;UDK M<56-83VY35&YB=%A!>7,V8S=G-7IJ;WEJ03)K='HP M2&=Z5F)/.3!63$18D%N;5-) M0VAF>3AQFUD5SA++W=" M<3(K;TYE6&YM6'1Z.`T*:U5J4EII:&=%:75)4$QZ.#!B-T9%;WE$2TUG;%9# M2VU:.%-B83DP>C1283%:,D(O=$1Y3DEM9VUN=C=P;&QA2F)D9S!P64DS;5-C M00T*-$\P16LO34LW:T1"4$I/9C!R9V9I=&\Y-THT2CA6,V%E2716:71X<&1Y M>'-K:G140W=%1%I5:W=M5$193V9N>GEC16-95$=T>G9S50T*67!C55EP:VXU M-F9%+W=$-4M6-'0O=T-W=F0O*VIN;V\K2B\O04-5=GAB+S)&-W8O04Y(4%)8 M33EZ=%=X.7HO0R]W1#5*<#13+W=#=PT*4F%F*VE5EAW=B]W0U-A945V*W=2868K:55R<'$K M-%=X*V)08U-I;&]P:45O<&%+045O<&%+045O<&%+045O<&%+045O<&%+045O M<&%+045O<`T*84M!17)G9FID8V%!=G&5U6F)B-&%E2F9*3-00VUK.6AX,T]V;W!A2UEJ.#AV:6@O M>55V>&(O,D8W=CA!.4A04E(X55`K4VPK3&8X00T*2M.-U&0U35I, M>E%R:0T*8GEY4$U'44YR-V1J4619:C%E1S4O=T)'=4Q/-G1:=DEU8E$@T:C%*&12,C!Z;S!S4W)B=PT*431F67I*:VU&;4F#%Z42M'07HX379#3T-2+WA+ M3%!P+S%X4VIQ2S)H,#E&1U!M0GEC639505E*-4IY9GEP:4-I:S)N84)U3U)J M;@T*:DIP8V9-1<>#!O04M+04U%.&LU4#55;3`W44YX>4UC.%I.04,P55DK M64A*>&IP44)G;FMN2B]+9T%O<$YP,F=B:FM9-31Y85A(>@T*035/361+04-I M9T1"4$I/5"M62G1/,$1C8VI(4$=444%T1D=0;4)Y8UDV54%92C5*>69Y;T%+ M2U1A9&]'-#5'3V5-;6QX.'=/5&I(4PT*9T%O;T%W5'E4:R]L4V)4=$$S2$EX M>GAK,$%,4E)J-6=C;D=/;$%'0V538VXX<4%#:6LR;F%"=4]2:FYJ2G!C9DU$ M:S1X,&]!2TM!30T*13AK-5`U56TP-U%.>'E-8SA:3D%(32]&1"]K;69I,R]! M3$)&,R\V2F5V4$Y)+VAR,%`T;VHO:3)V:3`U3U`W2'9/4"LR3%8U-7!(.`T* M3F5$;E%IB2#!&1#1J,$@T6"\X04I-+T-8+UE)=%`X00T*,%-L9%!8369#,%DK M1VYH4$I*>G!&;BM(-VA+-F)A9&]'-#5'3V5-;79U1G-F;3#AW3U1J M2%-G1$)02D]4*U9!9V]P3G`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`T*=V-C1&IR;E`K1G=**T=0 M:$1"22\T;$9N,"\V-'!2,41O9%!I:D9,=$\T2$IX:G`V,$)30V538VXX<5EH M3559;S)N64)V3U)J-75-;0T*;#)N8T1K-'@P.6%!17A2:6Q#:T4X:S50-55M M,#=!3C5Y369.>&LP04=+355U,#=G8VY'3VYR449)2C5*>69Y;T%41D=+3G`R M06)Z:PT*62MB:DIP9'`S035/36105V="3559<%%P0E!*3U0K5DIT3W=$96-J M2'IC6DY!0FEJ1DQT3S1(2GAJ<#8P0E-#95-C;CAQ045X4FEJ80T*9&='.#5' M4&TT>6%8861W3U1J2%0Q;T%41D=+54M15'E4:R]L4V)44UF3GAK,$%C>#A5=BM3 M6F5,=BMW4&5F*VE8<@T*>F934#1A.4DK2UE0+T-S+T9X>6-F,E!E8V5V-VQQ M.#,P:BM'=D-ZB]!15!Q3TAF:'$O3#E4<6PO-#E+-696+S1Q-FAF*U!3 M=0T*6#%F*TMV1FQS92]1*TDY1RM&=B]!0U1,=VHO,D(W4"]!3D5P6%0T#`Y84%P0E!*3U0K5D%#66]X4G1/=T1E8VI(>F-:3DQT3S1( M2GAJ<#8P04II:D9+1DE*-4IY9GEP3@T*<#)!8GIK62MB:DIO04U567!D<#-! M-4]-9%!79TM15'E4:R]L44%M2TU58E1S03-N27@X,T=44S=4=4)Y8UDV971! M0UEO>%-H4T-E4PT*8VXX<51A9&='.#5'4&TT>6%!1$9'2UAA9'=/5&I(5#%O M0VM%.&LU4#5504II:D9',#=!3C5Y369.>&LP=3`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`T*6'I2-S)N5T9G'5B>GID3G5O;CAH;W@U2VU&.'E.=EIC M<4\T6&,S4$-M:`T*-T17-3)'2TU5-T9'2T)(-7HO1E`O:W`S:2\X03=$1C4O M=T-J;F]O*TMF.$%Y53=X9B\R1TQZ+S!C.499339&'AG-TEX6FEA,30S M,&I39%IB4W!"8S-&.'-0;6))23AR=DUK16%1-WE1;VMD4A+4TDR M5EEJ1%E/0T-"-6AQ=F=0>&)&<2MK6%`R,U1T5U,Q>F0S:S!D:V)E93=K5S=S M6FEP6C=H9PT*6DA7,G=P=W-A0TU*.&EL0VYO6&G9)-71E,4,O4]H>`T*6$PO M0WHO:VU(:$0O04Q!.6XO-DE3=$A79$=V=%%U;&QT4$5E<3981T5#;4FIA5C1*=F1+,`T*=7HP-G%A-+SA!0TUA="]W0D1X-&DO M-SAA9B]W1$ET2"]#36%T+PT*,%!(:4PO=GAP+SA!.&DP6$-X,#)+359W2&=R M5$YC,7IW8F]/$8O,S0P+SA!*U)A4"M%63%B+V]E4$58+T%(-#`O=T0K4F%,:`T*639B1D=+ M-6XO:$=.5R\V2&IX1B\S-#`O+W=#4F%0.$%H1TY7+W=#:#0X4F8Y*TY0+W=$ M:U=I-%=/;7A2:75!.$IA6G)M$8O,S0P+SA!*U)A3&A9-F)&1TLT1%%D33%Z54Y6.%(R,#-J6%AL M:C`R+U,Q:4M7.6=#>6TQ9VUY,F)B:S=P5TA'3T%0<61N+PT*04E2:E9V.$%O M95!%6"]F:E0O.$$U1F]U1FIPC%"FY2+W=#10T*63%B+T%+2&IX1B\S-#`O+T%/4F%0*T59 M,6(O;V5015@O9FI4+W=$-49O06(T3C!7.3!+,&QI*WEA9&%16$XT6G9S1FY- M,VMA9D8U2PT*6=W95=Z<59D6%E/:`T*1W@K M2%A7;6$U1#1Y,'935CAA-CAB839S3'4V9&IB,D'$S+U$X94EV.$%V>'`O+W=!:0T*,$1--C,X2%13*T@W4%(W M.%=1=$A3-FIU,FEY>GA7,#!M+S=$07A58EED=3)-=4YP,E%Q1E)35F%,6CA/ M-EIQ,6IQ;7-Z-G!Q9C)Y,@T*=5IT.71&9R]U>'5C-2\R8TDP8V4Q940U4&UF M96QC0W8O=T%)>'$S+T%%4$AI3"]V>'`O+T%-:3!F.$EX<3,O43AE278K+T=N M+W=$>0T*3%%)-F)&1TLU;B]H1TY7+S9(:GA&+S,T,"\X02M285`K15DQ8B]O M95!%6"]!2#0P+W=$*U)A3&A9-F)&1TLT1%AT33%Z5#E6.$]7,`T*4&I86&UJ M,4LO93%L3#(Y9U-Q:3%N;7EU3&)G-V]L2$]E0V9Q3FXO:$=.5R\V2&IX1B\S M-#`O.$$K4F%,:%DV8D9'2S5N+VA'3E%)I=4$Q-U1. M8S`O5F9$;'1$-#$Q-6\Y4W8S=%I3.79917%O=%HUFYG;C9J M6@T*+W=#15DQ8B]!2TAJ>$8O,S0P+R]!3U)A3&A9-F)&1TLU;B]H1TY7+S9( M:GA&+S,T,"\X02M285`K15DQ8B]O95!%6"]!2#0P+W=$*PT*4F%,:%DV8D9' M2S5N+VA'3E$8O,S0P+R]W0U)A4#A!:$=.5R]W0V@T.%)F.2M.4"]W M1&M7:3173VUX4FEU03A7-EIR;6HV5@T*0F,R,VI86&UK:W8W2S%):W0W06IB M3F1247-E3%EC:%I#4CG4T6'0U-"]+%)I;EEO>%1% M9FY*.%90*U-N*TPO=T1S35AN+T%+4&5I;"M+;B]*5`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`T*9C(R<5=-5C59>2M:0DIK06Q3%)I;4E41E9D M4W8W8E1B9$HW,EAY;VYM:70Q8F%7>DI,27-A1&=D,V12;F]--4]"5G9&4EA. M=$1D4FE/-6AJ;6I$<$E&:PT*54U!>4U'5G-(=4=514AS440R;T$U*TAXC)S>4,U57-&1%DA*2$Y#.$US5%E",G9'-$1O8T9705E$2W-P2$)" M4&ML<'!S3%H06AI:%)#3C%!*=$QB23!5E#-&*T=F0S(P8FAI<&M9.$PX<4TR0V-G64IW M0PT*0U11.61S3F$X-%=46$M3=S=42D1D5W-TDU"1U0O<$58.%AC+W=",7-B,VAM539P-'DQEDR;DI!2DE)0W5/>#%U2TU5=4M- M57A#67%R<70O8F%4<&0U<4]O4RM66C)C3#-%.&TP='-J4E-Z2$%"2G=!94%- M,6)X558S8E$S;`T*7A3<4=34E--1E="-$E)2D)";T%Q M5W5R-F9D-GAF-E9B6&-5=6]70U)36%5+2$IH174T<'50445H0V-D8UE/30T* M15I.0S%F5#EE,#%.43!E-VEV3$=2-4DP;FE/56-O-TDR,#EX=59G0T]$,4)) M24Y93VU3:R]&5%@Q3G1E%)I;'A2:6=$.#1V:7`O=T%L M43A99CEH:3@O=T12-S!59D98+VMQ2&I$+W--6&XO;SDV2WA.,&9E=G=Q+S5* M9C10+W=#=PT*3EHO*VE%$5O1V-!6G="5B\O04EA;#AB9CE!=GDM+*TTO.$%H<5AX="\P0R]$;B]!241Z+W=$>#9J+VAQ6'AT M+W="079W-2\T1'HO05!X-FYC5FHW36]R-'HO-`T*86PX8F8Y079W-2\T1'HO M+T%"-FHO:'%8>'0O,$,O1&XO9U!0+W=$2'%,:%DK>DM+*TTO*T=P9DDM+ M*TTO.$%H<5AX="\P0R]$;B]!241Z+W=$>#9J+VAQ6'AT+W="079W-2\T1'HO M05!X-@T*:3174'-Y:79J4#A!-&%L.&)F.$%13#A/9BM!."]W1#AE;R\T86PX M8F8Y079W-2\T1'HO+T%"-FDT5U!S>6EV:E`O:'%8>'0O,$,O1`T*;B]G4%`O M.$%(<5`K1W!F1S,O44PX3V8K03@O+T%-96]U1FHW36]R-'HO-&%L.&)F.4%V M=S4O-$1Z+SA!>#9J+T%)86PX8F8Y079W-0T*+W=#03@O.$$X96]U1FHW36]R M-'HO=T-'<&9',R]13#A/9CA!9U!0+T%02'%0*T=P9D'0O=T)!=GB]!4'@V:B]H<5AX M="\P0R]$;B]G4%`O.$%(<4QH62MZ2TLK32\K1W!F1S,O44PX3V8K03@O+W=! M90T*;R\T86PX8F8Y079W-2\T1'HO.$%X-FDT5U!S>6EV:E`O:'%8>'0O,$,O M1&XO9U!0+W=$2'%0.$%H<5AX="\P0R]$;B]!241Z+W=$>`T*-FDT5U!S>6EV M:E`O04EA;#AB9CE!=GB]!3T=P9DB\T86PX8F8Y079W-2\T1'HO+T%" M-FHO:'%8>'0O,`T*0R]$;B]G4%`O=T1(<4QH62MZ2TLK32\K1W!F1S,O44PX M3V8K03@O+T%-96\O=T-'<&9',R]13#A/9CA!9U!0+T%02'%,:%DK>DM+*PT* M32\X06AQ6'AT+S!#+T1N+T%)1'HO=T1X-FHO:'%8>'0O=T)!=GB]! M4'@V:3174'-Y:79J4#A!-&%L.&)F.$%13#A/9BM!.`T*+W=$.&5O+S1A;#AB M9CE!=GB\O04(V:3174'-Y:79J4"]H<5AX="\P0R]$;B]G4%`O.$%( M<5`K1W!F1S,O44PX3V8K03@O+PT*04UE;W5&:C=-;W(T>B\T86PX8F8Y079W M-2\T1'HO.$%X-FHO04EA;#AB9CE!=G'0O=T)!=GB]!4'@V:B]H<0T*6'AT M+S!#+T1N+V=04"\X04AQ3&A9*WI+2RM-+RM'<&9',R]13#A/9BM!."\O=T%E M;R\T86PX8F8Y079W-2\T1'HO.$%X-FDT5U!S>0T*:79J4"]H<5AX="\P0R]$ M;B]G4%`O=T1(<5`X06AQ6'AT+S!#+T1N+T%)1'HO=T1X-FDT5U!S>6EV:E`O M04EA;#AB9CE!=GB\O04(V M:B]H<5AX="\P0R]$;B]G4%`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`V:7!Q$U81W@X:DIY=$Q4,4Y85S$Y:EHR=4AI-"M4;#5U9F\V97)X.'90 M,#EF8C,K4&XV+SA104AW14$-"D%W14)!445"05%%0D%104%!04%!04%%0T%W M449"9V-)0U%O3"\X44%T4D5!06=%0T)!441"06-&0D%104%12C-!045#07A% M14)317@-"D)H2D)5461H8U)-:4UO14E&14M2;V)(0D-337I5=D%666Y,4D-H M66M.3T5L.%)C64=2;VU*>6=P2VI5,DYZ9S5/:TY%4E5:2%-%;$L-"E4Q4E96 M;&195U9P:EI'5FU:,FAP86Y.,&186C-E2&PV9V]/16A984AI26U+:W!/56Q: M85AM2FUA;W%/:W!A86YQ2VUQ&-B2'E-;DLP M=%!5,61B6#).;F$T=5!K-65B;C9/;G$X=E`P.69B,RM0;C8O.6]!1$%-0D%! M25)!>$5!4'=$<"]!4&<-"C-W>&1E0E!$;'AC*TA.1FUN;#`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`O;V(-"CEE+S&9A:G(Q=DPT=#%O2EE8<3(P4E=# M>7E63G9$3&QV.4@V-W!72$=/05!Q9&(O:$AT5"\V1R]8=BLO3FP-"B]W1$DY M1VY92&1F82]-5"]!25%8=VXO,$LK:&8K0RM(+W=#2F\O-%%8=VXO04Y#=F]8 M+V=V:"\K2G!F*T5E,5`O;V(Y92\W.#)8+WD-"E!2+W=J,G`O.41F3="9"]Z9FU*+W=!24PT5"]!3VA8,$PO=UAW+R]!0DY(+T-#*T4O M.$%O5CE#+W=$0F9$+S@-"E13+SA).7%F+U$S-CDO,S5S=CA!-4AO+S12-U4O M=T1O8CEE+SD4O-%%8=VXO04Y#=F]8+V=V:"\K2F\O-%%8=VXO M=T)#=F]8+T%)3#1F+VEA6"]H2'14+S8-"D2\K4C9,3'-&,R]!1&9M2B]W9W9H4"]!2T9F478X07=8=R\O M13!F.$E,-%0O-D8-"F91=B]!05AW+W=$>$Y,+W=J,G`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`R2TU5055.5S!Y1%9,9%D-"DQL-W1%5G3)Z6G=2>3!B2U-/ M96UC9%!15FLO1&8X035*,S17+S="5G(O-DI7=%!X1"]:2#EJ,T@O0U(O65`W M2RM8>G9T*WH-"GEF=D1B=3,O04,O93(T>C-X5V0X3B\X06MN9FAB+W-&5W8X M039*5W`V;"]:3VAX6'AF.$%T0R\X;&7A,8W=)24)N9T\V4W-X4$I65D=14$U2 M:#%L>DT-"FQT8E-Z>4-1<$5H9&A(1S!J14%:-%914W@Y9T-4,G)".%%E0U!$ M;79Y=%!Q5VHR16PR,'--4-F;%@K-DUA M94L-"DU505EL;#1:,#(P*S!'23,W>5-X3D%:&U)=7$K M6FA7.'1I;TE!2VI!1TU$2%-9;WA3F5X4FEI=W)S8FM90B]P4SDX575+ M355W13EA5$EW1"\-"D%%<#)+355!2C-X4C8P=4M-54%.>4U!+S!P92M+6$9' M2T%%.6%427=$+U-N66]X44%N9D9(D1Q8G4- M"GE"=V)B5$QM-%A"2DA,4GAS065/:$]E;G%+<&9$8B]K;EAH8B]S1E=V+V]L M83(Y4G9)=%!S-4QQ9&)H-#!X:U3=J>$1P;'9Q;S`V5V516$3`T<$]7<&Q8:S1W=D8R M,4YA,S`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`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`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`-"F]40G%ZCES,69)05`Y$PO,3574#A!-DUU<7%A:#-Q,SA+32\X M04-7*TIS1%`K:#)(+T%+375Q>7)M*T,K23E1>%(-"FEL-7HP-&]'8VY)*VQ9 M2'!I66]X4C@R,&-$4&-:<&5C.4]+045X4FEL1V-N22ML2C@R,&-$4&-:;T%- M55EP96,Y3TM";DIY4'!106T-"DLX3#!R+VHY,68X03=#,F]F*VQC=&4V9DYT M2$%Z,T=A.$TP%@X4#4O-6Y55VXKCE+;V%H,W)S97@U169I3%AW;R]W0U)U.%,O.656:B]W M0VI,<795358U9CA*."\X2F8T;#0T*WA74"]!2TUU<3E21V-N22L-"FQC1#-0 M8W`O06A-55EO*V)A3T)N=4TQ9RM-4$4P2&AE,7,U-VEZ=3=W,V1X.6UJ:71D M;2]F$)K4D%7.$HV*T0S+T%(;&XO=T1*1E!L;#)*.7!$*UIF96IU3559 MFLU2#!P4&TR M:F<-"EHW:DY!0FEJ1DQZ;G!X44TU3U(Y2T%+;7!8171P6E-4,CEL8U@P<31X M8C(W4F@S>5%/1$EYC!H2TL-"E=I9T)+2U=I9T)+2U=I9T)+.$HP=B]J M*S%J+W-,-F@O-E9Y,3=V6&A';"\X9C)S9CEH9E50+U-U5W1+6'A(4&DO=T-( M."\X04TV:3`-"B]W0E=F<%9$54\Y6#=4+U9N-E91,41V6%DY:G@T+T57+VA. M+WE.,VEB+W)YF534V9%=5@K,&AP M.7HY;74W3S,P+U-B:#-E5UI',D9R>4=%;F%R4DY,2U1-1F-L65=1959S9&TS M4$=&+V\-"B]W1'=L4&=395,W,"]W0S`O=T)R6$9V1$DP:6(O=T1J,G5)-455 M-7HO#=196-6,TY&2WA6>F=9:S`R.2M)+VI(4S=A.6H-"G1B*S@P M87E79')+5EDW;%6AQ.%=P4S)Y41N2$]E>#0U M>4UJ-%IF.&LR.$HO.$$-"EE*=%`O4DM6'IN9UHT2%!83U(X368K4V)E12]W1'-%,FXO04M*4VIQ M3&\-"F1*6'A"*S!F+W=!;&XX42\Y=2\O04M44E8Y=U8X4#A!-U-(+T%#5VIX M1B\R-R\X07!.1E569&I7:#A2.65F1$5F.%'5N,W(Y.5IO='8W M;&@X<$-&:2M'1S4-"E5B2VID>%A.*T9T2'9,5%5R>2]V-U14.5`X>3!T7-*5VQI:6EG859L25EX>#1Z-7A8849W06&-R478K=U)Q4#A! M-D]S<39B1F-282M(.4D4Q M;FID=$%Z:DIX;C%.9'=&04I)1TTX;C-O44TX1C!V+VHK,6HO#!P9&]Y1&IK8UIO050-"D9' M2U5+05-135HU4'938D8R:&1O,FI'0FIG639504=+355U,%I">'E/33!"44-3 M0FI02CDV045X6&B]J+S%J+W-,-F@O-E9Y,7!3*TDU8U@O1"MF.$%M9%)A9C9S M+U-Q1V]D-G8R;BMR4#!Q:'$-"DAE=7@W2&IX*TEU+T-4+VMB=D4S+UAL668K M:DQQ=E4X5C5:.$EW1#1V.%1(07E,2WA'9BLR;#%8<6=506MG67IY9F5U0C=N M=E5V9U$-"FU+.#"]W0FAF+S(P=6$Y13),=$,W4G1'341(07@P M#)0;C5B;D5E4%`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`U+W=# M6C`Y<"]Q>CE+;V%H,W$O868V%AL9G=H+W=#4G4X5"]!4%AL668X06]Y-G(Q6$9E93DR M92]2*T)#67)Z39Q:F8Y M-G8O04%H+S5'-WA0+S$U5T@O;WDV#8Y9V-$;F]+=R]H9U`K3&$K178X07-%5VXO M;VQ+,V13=EET3W-P3'$T5S1E2U!'5G0W95-E435)2$-2<7I(F528DIV;&PR M<51T4F4W2$=!3S5)#DT9V$W9E58=G)N5')395@W4EI8345C6#6]E46=:0W)U25A* M-D1*03E32V-T=D-T>DICG0X M<58K;4)N3T]O>&YN2&-$2DHT27@K=&,S<4@O2E,Y0B\-"C="1V\O=T1O-GER M<'%%1%!N+U-Z;2LQ9VM%139V<4A"-V8V6$Q855=N*W)0,')M3DXO-4-'DAR1&-N841T3U1J:FI);S4S M05E/4%=N555!3D=35'=2:CEA36YA1'1/5&IJ:DEP,49!1&5D=T=$:C$-"F]' M4U1W4FHY861244$S2C)G-U1K-#0T>4LX0S`S+VM)87HO,D8Y42\Y2S5A.2]R M=T149BM1:G)0+UE8,40O,')L78-"C10.$$O23-E2U`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`Q1'97;#A(=BM2=3A59CD-"F56:"\V374V>F11-S%P+T(S+VMB=D9( M+T%&-5=(+V]Y-W)014A49U!J4%8V2UA&1TLU5#%H2TM81D=+045O<&-566]! M4VEL>%)I9T(-"DLK9G1/+S5#3W,O.6AF55`O4W57=F],1F90=6YF.&A(5W8X M07--86@O=T-L8W1A,&9I3U1'+W=V;B]M9%!A9C9S+U-Q1V]D-G8R;BL-"G)0 M,'%H<4AE=3$W2&EX*TDP9F"\W85A.0S-25E0T2F5J+TDU=E0K M,6%.,R]!2W-F4W,W5"LQ84X-"C,O<7@Y2SE'3W@X-TQC-&IX-2]Y2W5T9CEE M53,O;T16.4DQ.#-E4%`K4E8Q6TO.$%11W(V4WA81E$M+ M6$9'2WD-"D\P*V9D3R\U0T]S+SEH:E50+U-U5W5ND=N9CAH2%=V M.$%S36%H+W=#;&-T9%!:+V-0,')U;V9#:G=C5B]%;#9S;U@O970-"D@T4&8X M:F0T;R\V.')$+S!:9#%N6"]E=$PT3R\X:F0T;R\V.')$+S!:9#%N:41O=TAX M;G!'510=VHO=T)G:3`O.45P6$HQ M4%@V2%16.$PO=$LO=T1*82]%9B]B="\V5%)6.3`TC-W=$@-"B]&D=)6C(-"FQ9-U952VDY6F17-EA64=2 M56Q1;WAI:V%.=T--2&%Y:TUP.4-#0T]X<6)&1TM"2$(R=6@R=6IF17I2+W-K M=6]Y961P1V]B=G0-"FUO6$8S:D4Q;&IB-7)T=#9N3TU:-'HP1F0P1G=39654 M;G)83F%G4"M,;39"+W="9V959B]!1619,3`K2T5.;GHQ<&\R-FAR24=C1%8- M"CE12$IZ+WDY>3$P.7`O<7HY2S5N5"\X06M*83$O=T)H:E50+T%%4)JG@W,'4S-6=E8V=9 M-C`W1D=+04=H8T5N;FLU-C!M=V)1=D]":G5C.&4Y4'A2:6="=3,U9V5C9UDV M,$)C16YN:S4-"C8P-T9'2T%'8D)T0S@T1T\U>G@W,3@O860O>45T82\W1$=O M9BML8W1F46U+*V4Y4"]W0U%L5=T2U!X2$IJ9C0-"EAZ M+WI/;710.5=F<%9$54\Y6#=4+U9N-E91,41V6&,Y:GA)+T5A6'=C6%!I+W=! M54AN27-R061F*VUL,5AR25A"2C4U3V5T950O0G8-"B]K8G9&4#A!,3572"]O M>3=R,7)&961,9&XP3D@K2$5:'58+U$O0S4U>4Y8 M>#$O-F1,;793D$X-4%X,7`R2TT-"E9K9'`X M.6%D+W=!:$Q7=BMW>'%(+W!83%A4,F8S1#E+-6I4+T%0:TIA,2\R1TY1+SE+ M-6$V97HK-&9P6&11*T9(9UEV*TI,,5I1=BL-"CEA9G=C+S5'-WA2+S$U5T@O M;WDW$(P640T>G8Y6#A.,D]Q M,T-46%4K<7AU:4--0S$-"C%7-G1L=T-4>7-5:6=N;G%2;G!Z=TMO+T,T9CA7 M>CA)+W=$64ET4"]!15-L83-I66%.+UEL>B]W:R\X05HS.6HO3#4O.6\W4$DK M.$X-"G4W9CAV,W1U33DX9#9Y+VAA4#A!:3)8:$@OGA(+W="=3,O<$Y&6#-::79H5#EP9B\-"D%*3&(T:B\W M9'8X03!M:7%A;7AD3&,K>&9H8B]!36MY.$DO.6=E>B]!4%)+5C`K2S5N-%=J M+VDR4&A$+T%,03EN+S9*4W)8:C8O=60-"DLX0RM).5)S2F9+=DQ45&)M-&AK M,FAT:G!%>DMC145(0D$T27A45WA.=%1C>%)I=54X3E%N5%!'3W1A4&(S3C=, M65)71FYD>'!D,V,-"G1Y-GE34UA+3U)*2WI09VE'4#5C-U)G:T%%:VYQ3'%: M8EE-U M3WI024Y0+S5#5W1F.6AJ55`O4WEA=6UT4#E79G!82C)C;#%(9F%P22MI*TEG M:S)P6&QX1V8W1790;5-3-6MD1"\-"D%+'%U-FI/2VER7-0.$$-"C!:9#%Z.35E4WE:,F%0-&E0+V-$=E`X030Q5V@X33E5+W-8 M>$9R.3%Q96QE26])3'$Q=$DT5R]S2SEB8WE08T9H:%EI4F=32C$Y9ED-"C%N M6&Y&-TTV3493;D=D-5)A*U(W5FEJ1F-Z+W=M*VQF."MN:4PO=VYT42\K33!F M.$IV<%@O4'`T:2\X04-E,40O=T--,7I84%5S>G`-"G-567)G9D4S>$\P-U-, M4S-A,W-.5VMU8FE945),96%69E=S5V1R3V1Z;3-:=G5O,D%QF]T+V]R6$56=G%),4(-"E));C)F*WIB,31J2VI-<$AM%1:-DII:D9E65,O1TA49BM%5'-.5F@P-B\X M071.>&(-"GAZ>7AZ5U8R;'1B07@W,UHU,6=B2T1"05I&8DI+;D%5;&QB2#AB M4$1T=F54438S2&9A9$1"8GAY4S-,5U9Y,&%U,D%2>D-R0D-X2V\-"C551FI( M2FQ5=VTX.7)$=5`R3E1F;%HV:FEJ1F-F<&YJ-GIU3$=/82LP;GA&6GIV;&I! M9$-V<$=J1U1T1$5163-9>&M!:T$U05IG07@-"G1F.$%#8C96+W=!*VYI3"]! M34HW55`X031Z5EA)'%0.$$V5U,Q-B\X03A* M=G!8+U!P-&DO.$HW55`-"B]J3F5.5V-L,4AF87!)*VDK26=K,G!8;'A'9C=% M=E!M4U,U:V1$+W%U-G-$:G)Z>E=T2U-5=%1K>&M*4W`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`O+T%-:3%J94QD33%Z4CE+9W5B8GAR#`R2TU6>E`X07=J1W)F.41X-&DO-SAA9B]!4$ET2"]#36%T M+S`-"E!(:4PO=GAP+W=$.&DP6$-X,#)+359W1VB]W:D=R9CE$>#1I+S'$S+U$X94EV*R]';B]W1'E,4F-,2%19;WA8065, M9$TQ>E(Y2V=U8F(-"GAR'`O=T0X:3!80W@P,DM-5GI0+T--870O,%`- M"DAI3"]!3#AA9B\X04ET2"]!06I''$-"C,O43AE278K+T=N M+T%0>4Q28TQ(5%EO>%A-+SA)>'$S+U$X94EV.$%V>'`O+W=!:3%J841P;75A M:'%V:4\R;3AA-CAS96TS-E=S4E,-"C-S05=5,G-%,E=Z8F-N9$MW-'AW0CE3 M6$-X,RM+359Z4"]#36%T+S!02&E,+W9X<"]W1#AI,&8X27AQ,R]1.&5)=CA! M=GAP+R]W06D-"C!80W@P,DM-5GI0+T%!:D=R9CA!43AE278K+T=N+SA!>4Q2 M+W=J1W)F.41X-&DO-SAA9B]!4$ET1G=S9$YI:D9C>B]W:D=R9CE$>#0-"FDO M-SAA9CA!+TET63-I,U1.8S!F4V],;3(X838X,&ML+UI7<$5L=EE%8EIR<4M& M:GAB1&M,25-09DA8<%)C3$AF-&]X6$TO.$EX<3,-"B]1.&5)=CA!=GAP+R]W M06DP9CA!0TUA="]W0D1X-&DO-SAA9B]W1$ET1G=S82MS=S9N3F%Q=6DS;&QA M6$EC1FYU-U)R:$-U1&M"5FL-"FI)3V-C-5!1.&,U1TXX3%`K4UEE15`X07-$ M,F8O;VA+9"]W:D=R9CE$>#1I+W=#+T=N+R]!0TQ7>F]';%$V2&]/;39484Y) M.7195S`-"F1R13!P0F-Q:6A15TE!1V-$;D%&048S1F9"+S=46"]*8B]%;B]B M="\V5%)6.359%,T;WA10E4Q5R\-"G1T2C!U.#%(54IF2W,W3T8W M:654853,S:RM2-6=E-&UI:VIT M:5EW5$EQ>G-O:5IK0W4-"E=65TI8>3-Y0G-B1S-D,C!.-6%Z5S$S1$A08E1) M,&-S57%H:VM5:D)69V5#0T-146$X-#!E,74O-UDP5%1'#!(>$IP M,G585C%B5U`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`- M"E4W:7-F6FQ&9D=F+T%!,4PT,B\V0F9H>B]W04(U+SA!-#E2+W&XO04U.4RM.=BL-"F=8-&,O=T1!968X M02M0568X3E,K3G8X06]&*TA0+T%E9B\T.5)C3$@R6E)8>&XO=S%,-#(O=T-G M6#1C+SA"-2\O:C%(+T15=FIB+V\-"D8K2%`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`O065F+W=#4%5F.$%$579J8B]O1BM(4"]!04AN+W=$:C%& M=W-F6FQ&9D=F+T%!,4PT,B\V0F9H>B]W04(-"C4O.$$T.5(O=S%,-#(O-D)F M:'HO04U"-2]W1#0Y4F-,2#):4EAX;B]!34Y3*TYV*V=8-&,O=T1!968X02M0 M568X3E,K3G8X06]&*T@-"E`O065F+S0Y4F-,2#):4EAX;B]W,4PT,B]W0V=8 M-&,O.$(U+R]J,4@O1%5V:F(O;T8K2%`O065F+W=#4%580W@Y;556.%HO.$Y3 M*TX-"G8K9U@T8R\X0C4O+T%).5(O=T%.4RM.=BMG6#1C+SA!065F+T%/4%58 M0W@Y;556.%HO.$%$579J8B]O1BM(4"]!04AN+W=$:C%(+T0-"E5V:F(O;T8K M2%`X07=(;B]!4&HQ1G=S9EIL9D)8-U1V+TIC9D5V.$$R-V8K:S!69%0O=S%, M-#(O-D)F:'HO=TAN+SA!:C%E4BM/+T8-"DXW-#$X5C,S:41667)A2SAV3FYM M2F)+>7AJ6D=Q1$%9:SE&2&9R;7!K.4-O'1087)T7V,Y.&)D-#(X7SDS-S%?-&(S-E]A9&(Q7S8Q-#EC,68S,3$V M-`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]C.3AB9#0R.%\Y,S4IX1D1+0FMA14E),$MX=U)64S!F06M-,DIY9V=K2T9H8UE'4F]L2FEC;TM3 M;S!.5%DS#0I/1&LV43!21E)K9$E357!45D965U8Q:%I7;4YK6E=:;F%';'%C M,U(Q9&YD-&58<41H25=':#1I2FEP2U1L2E=7;#5I6FUQ2VIP2U=M#0IP-FEP M<7)+>G1,5S)T-VDU=7-,1'A-6$=X.&I*>71,5#%.6%#AV4#`Y9F(S*U!N-B\X44%(=T5!#0I!=T5"05%%0D%114)!44%! M04%!04%!14-!=U%&0F=C24-1;TPO.%%!=%)%04%G14-"05%$0D%C1D)!44%! M44HS04%%0T%X145"4T5X#0I":$I"55%D:&-236E-;T5)1D5+4F]B2$)#4TUZ M579!5EEN3%)#:%EK3D]%;#A28UE'4F]M2GEG<$MJ53).>F"]W06LX.$PO#0I!4%E+=&8X03!3=&%0:4=Y=3E2,&4T=$Y/=G9S1GI, M=$%N,D8X3'5"65E6;%EB;$)82W-R1$]145%$6&-K%AD-G).65%A:%I$>DQE0S(P<4-/,DE6-&)* M439R2DYT15DK>D9.=31-0TUG1EGIN:$MW,6I74$-U:F%N#0IC M*TQD85=E.7-O8FU2631,24M'9$%X07IB:S1Y9E4P.4]X2W9A.7I6+W=#148X M2B\Y0W9O6"]G=F@O.$%I85`K148X2B]W1%%R-D8O#0HT3#1F+VEA6"]H2'14 M+S9'+UAV*R].;"\X:C!F.$DY<68O43,V.2\S-7-V+T%*2&]S=7=89C@S-6EF M.$%#0RM%+W=$;U8Y0R\X1CA0#0HO=T%44B]W9W9H4"]!2T9F478X07=8=R\O M13%L945R1%=.63A+-DYQ9'HT=#%P6C6AU6D9J9W-G;UHP1$5$3G54:DHY M5%=T+W=J#0HR<"\Y1&9R,R]F;7DO=T1K96I4F9M M2B]W9W9H4"]O5CE#+SA!0F9$+T%013!F.$E,#0HT5"\V1F91=B]"9D0O=T1% M,'8X07=J,G`O=T11,S8Y+S,U%`K148X2B\Y#0I#=F]8+V=V:"]W1&EA4#A!:$)F0V8O47(V1B\T M3#1F+T%);7-R=WI987AQ;6Y46$9X-'0Q<%A3.74W64))3$E$8D9C4U)+96)C M.#=5#0I"4'9N<#!R5R]W0T5E,5`O04M'+UAV.$%V>EIF+TDY1VY92&1A8S,U M:68X04-#*T4O=T1O5CE#+SA&.%`O=T%44B]W9W9H4"]!2T9F#0I1=CA!=UAW M+R]%,'8O0U!A;B\P3BMV9CDK8DPO04]2-E`K164Q4#A!-D&IG1#9N5R\T4C=5+RMH=C$W+W9Z6F8X M07E04G`R0C-8,G9Z12]W0T5&.$HO.4-V;U@O9W9H+SA!#0II85`K148X2B]W M1%%R-D8O-$PT9B]I85@O:$AT5"\V1R]8=BLO3FPO.&HP9CA).7%F+U$S-CDO M,S5S=B]!2DAOD4O-%%8=VXO04Y#=F]8 M+V=V:"\K2F\O-%%8=VXO=T)#=F]8+T%)3#1F+VEA>7)A=S%I6'A6<4]M#0I. M-'0Q#-06'1R9CA!0U!A;B]W M0D1FEIF#0HO23E(+T-086XO,$XK=F8Y*V),+T%/4C9,3'-&,R].*UEN+T-# M*T4O*VA8,$PO=UAW+SA!>$Y(+T%!9W9H4#A!-D9F478O0F9$+SA!#0I%,6Q8 M3FAR15AI5!2+W=J#0HR<"\Y1&9R,R]F;7DO=T1K96EY-T)D+WIF;4HO M=V=V:%`O;U8Y0R\X1CA0+T%-5%(O=T%)3#14+T%/:%@P3"]W6'2]W1&ME:B]H2'14+T%/:'8Q-R]V>EIF M+T%#4%):9&=U+W=#8CAX4"M%1CA*+W=$47(V1B\T3#1F+VEA4"M%1CA*+SA! M#0I1$Y(+T-#*T4O*VA8,$PO=T%&.%`X03A45U9R3FAR1FIQ3V'AX>'%&5D9%%)I;EEO M>%%!,T9'2V1I:D9!1&-567`R2TU504YX4FEN66]X44$S1D=+9&EJ1D%$8U59 M<#)+355!3GA2:6Y9;WA103-&1TMD:6I�I!1&-567`R2TU504YX4FEN66]X M44$S1D=+9&EJ1D%$8U59<#)+355!3GA2:6Y9;WA103-&1TMD:6I&041C55EP M,DM-54%.>%)I;EEO#0IX44$S1D=+9&EJ1D%$8U59<#)+355!3GA2:6Y9;WA1 M03-&8U`X634Y1%AW2G$Y=G)S=6U#95-Y=4I,1T\X85!C,'EX349A24YY6$)9 M#0I!1F52=4AR6&193),:#A33W%X4FEN66]X5D5(#0IW6#A34"M3:65+ M9BMWFMN144Y=WDT0W=W2G5D,DI!04A1 M1$I)-4I#:G%X04))>'9HFIR:F=C9&,P=FAU32]$FHO M:597;B]O#0IL86955G1$;W%+6$A05VI(6&UM2W=L1D=/04UN-C!U3V5T05=% M;W!C9&5A5$A!1U0Y84%S1D9,:FYR4FIR>E%&:$M+36-!6E`Q<&-C#0HY84%S M2E)3-#8X,&U/04UN-C!"64M+6$A05VI(6&UG3$-555DT07EF'HQ;T-W M;$9,:G)Z4UDT07EF'=":R]79TQ"#0I71'$K=%@R;5@P8E,V6D@O04=38FE#,6$U3GII M6FYL9$DQ2U)"4T-G95)14WIQ,T1K2V-,=3,X8SEA-6963D(Q;3DX5%%I/+U%C M575P2G!E=#9N8V5):'!U;V%48C)S8C)J6%EE3S@X-E=%8C%6#0I&;5%)1E)M M>2M.'IS,6DY$DT;TI*27-R M0DA':#))>6AH=D%K959Y8W%4-6TS3T9"1TQ,-$UM;3%#-6MB5G!)8F524M#=7AD9W@U34A*.'-:5W!3-65P4FHK25=. M3VYU9G-&=F8K5DQ(2#5U:C-N,GDS8F-(3W=3-T8O9F9U.6]J,CAV3D%U-&5: M#0IL97-S=%0K,V%J4$1A42M:6C(K-D]7-S-957I!-$UA1$AZ8F9M1$YK0E=W M;S--2$-:3VHK1S#5U=S=D-4I'16E"56A-3DI"-%1T-UA83D]V-T\V=4E98D]*;WAB:&DR.&MU M5TI9;DHS;5%V2FY*9#0T5TI"5#5H#0I80G%0439/:6QX>C%O>#$U<6E,0U55 M631!>69R4S0U-C!"65-I;'@Q-7!-8T%:4#%O0W=5575/971'3W9.05=%;V]X M=T)K+U=L>'HQ#0IO0W=L8VXX5FYU,"M(6&E,-T1"8GI:,"LT13-N5$=06D@U M3#=M6$-.=5EC654W468W=W)R8V1E831B-&]A5&53941V1D8R;78V;D1!#0I. M375'3FUK9'-9:4)#,E9Y66DK1W=C+TYN:S1)-'=P8D916'9)-VEI;'A2:6U1 M9D)0>$HO-4M,-'`O-T-T,2\V3V%I:C1K+SAL1CA5#0HO=T195G5V+T%%8S%& M8TPS4%=JG9W,4@O04)B;G=R M+S)#%)I;EEO>%1%3GA83B]$668X5S8X M3&8Y9W$Q+SE%%)I;EEO>%%!,T9'2V1I:D9! M1&-567`R2TU504YX4FEN66]X44$S1D=+9&EJ1D%$8U59<#)+355!#0I.>%)I M;EEO>%%!,T9'2V1I:D9!1&-567`R2TU504YX4FEN66]X44$S1D=+9&EJ1D%$ M8U59<#)+355!3GA89VYH1TLT,4113DQU8G96#0HY96MM;719<$I'+W1I-D=7 M2T%K-$5M3W!R,S-&945E078K4E8P6"]R>6@O.49R5&=K-6%M3F55;W=V1C)/ M:FDP5TIO:51Q3W9:+S=$#0ID-2\X9').=F1/.'9/>E4Y94@O8UIU+R]!23=8 M5%$O-F$ET M,652#0HK6E!+,')L5G5P5E5&;4I*=V]!-5!A=75X6$EF0U%F.%521"]!3F9T M+W=$*VQK,61J:7568DAQ:F-567`R2TU5=T%)I M9T)U2TU5-T9'2T%'-&]X5'-566]!8FEU1BM-DI9>%AJ4C=M;5=*9W)20G53-$Q!07)Y#0I.=SEA-WI&8VPX5C=I5S,K2%!I M3'EB3S1U=DTP*S5J8GE74655<&AF36IB,E@U4C,R-6)N9T=P;'-61#1K9%AI M:D9/>%)I<4I09V(T#0IK+SA!2E)F1E@O659U=CA!,&,Q1DAX2R\U2TXT<2\W M0W0Q+S9/86EU1C=N<7@R4CER9D18+VMN4&A8+W-&5VXO04M*5W1V56)R-T9: M#0IY5&DS=4QL;'=&:'0P,T\W16=!1&]":VMC:VA13U=)04I'3#A.4#A!:VY0 M:%@O'-Z37AK15)'2C1$.')K+W9"#0IX=S(S9C!Y.70Y5#`R,'8W1U1Z8E,V M:5-E1U1A5C-)=T1+8TA"1U%2=V$T3%(W5%D)03CAU3TY28FU-3#5J3FA52C-&;6%U>#A)85I.;S-H M4%)D3'5M:F4T&ME9W!*3)U=C9N<'%"07!I=%DW6FQ9 M-5!Z2'I9;D]E8V1C8T1J4Y2-S%R#0IW+S9G,6MA:C-R$)Q:TU!,'DT#0I9,E-2,GAI M245,6EA*:$PT8D)Z."ME5&=J:D-L%)I;5-F06YX2R\U2TXT M<2\W0W0S+S9/86EJ-&PO.&Q'.%9F.6AA#0HW+SA!4GI55GA08SE33WE0=&XT M840O:3-(:%@O04Q"3G`O-DI7=6MX6$]F1%`O:VY(:%0O04Q"3G`O-DI3=6QX M6%=T:GIP8G-B:6I�I/>%)I;5-.>%A.+T119CA!1G500W8O64IT4#A!,%-T M9$YI=6$K1V8O04-4:G=P+S)#8E0O04Y%<%,V;&1$;SA567`R2TU5>5)U2TU5 M#0HW1D=+04&)"4'!U:EA/;F%D<48Y3G$Q#0IO3#9#,&@X<%I2 M1&A#>DU:2%9"9WEX9V=-5&QU05%#45A';&,V4$9'2WAD4CA35V1P-%!K.%,R M.%9X9F%C=&],-$,S54(S:$MH='=%#0IH6&]V>EE*0G=-67IX5G)5=%=J,"]6 M3DIS<&)A-&8X071+5C1)-6LR-TDS5TIP35!L9S-+>'9G9T5:2$]-:DIC3$=H M:6I&64YV-'4P#0II6G15+V9324Y08TI)5VI*.'I-:G=J>7=-;&E:67!9=V]' M-6U49T5-:&)B='!';71O<%I)6DQD,U%-,%5H571'4T]63S!L8VIP=U-0#0I1 M;6DT5W-0>%="865*4F0V1DAQ3G1P3W%3>E!C4S)OD9W1'=!4WI!2&]C5GA&:'`S:7EW.$I8#0I.<%IW-E)&<3`R;UA% M-&-8G%':UIL66PU M1TE*9DIW9'A)>$QZ=S=R0V5#-T=WE!T M475P4D=W:EIT<&MY<6=J255G:VMJ0DQS85-U8E(X5#97=7,S,FUZ5"M43%I2 M3DY.3$PX:U-H1FIE5#5J,#),3D-X2G=-4T1"#0I*5G=U;'`Q,3EUDI&25AI#0I6,G@X7E9-D1#9VYN*SAW951B,%1Z4$Q82V]P2F1I%)I;EEO M>%%!,T9'2V1I:D9!1&-6-$HT0R\U1EA29BMV2T@O,%=T92LT#0IR=TQW1B]Y M2W5I+SEE55`O04M,5W)P+T5C,DLK03=E2"]51W-J564Y83A0*V].6D=O.38V M-3=(;5$S3W`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`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`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`W54PV93A35U)&=%!+ M*U99>6=9G=T-&=0+T%R4"\U27)-*TLO M=T1Y3C-H;B]R>79V+U)LFIX1TEL4V1K:V)S;GA"368S M+T-V:4%F#0HX1',O+VMI4]C-6M8<5!7=60Q1'965'=,+WE5,C(O-T).-2\V3W1A#0I+=$Y1 M5C!Y8U!I6E9:8W)3+W(U;G)E2TU5-FES:G-03R]J1B]X-V5'4"MW="]W0S)L M>E=0<"]A=&XT>"\X979H:B]S3"]W1'1P8S%J#0IA9C)R96=E9FIT,39F<5AB M-S=N-%9I85@O=T%J.314+T%/=C)B+S!J=4LR-S4=U5#`W=%%)I;E5504YX4FEN555!3GA2:6Y554%.>%)I;E5504YX4FEN M555!3GA8>CDT0R\U1EA29BMV2T@O=T)�IR6#!(6'HU-$,O-4984F8K=DM( M+T%.1G)6,'9I3UA&+T%D=D0O<4174G%0971E2"]!1D)R23%(=EA:4%DX=45=X-45D>F$K1&8O04(V94IV.$%S3&8K#0HR;'18;V5+."LK M1%@O2'`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`X45(S:7=V04I.=&UC23=) M>D1"=#AC;4Y/8UHT*W1/7!35&LQ+UAY3SAO5HT='AN-5A965!(4#!Q0U`T8TQ(.7IX5#1G2"]!8E`O=T-2 M-C!P5D9$9$A,:6-02W$P-'1'6&9F8R]##0IS6%-V*U-G944O.$%R.6TO.4DW M:75X9C1E;5%99GA8-&=0.$%W0WHO05!K96]9=FAN2$1Q1G!F4BM+4$5!=7)2 M>DI#*TQ0-5=+36A/#0I0$(O=T(K8D0O-4=O+S12>E90*V@P.%%F.$%F;7'E&4$QS;"M:2%8Q3U)B9SA-<6XX#0I+<'@O1%I)+W5E M2V9%02\T1%HO+T%#4%=L3V9+.55C,DIO3W)B;&%--C8O,4DK;&-T<78O04(O M-E`O,D8Y4#A!+U-U2W4O8C1E&YU63%K9W-3<%I),EE"9TQC2$=2>F=I=69S8FYX2&-9,RM,=%A(,'0W M3"]!3U(V-6-2:DME1W0W5'%D,D5Y-G)J1DHP3%X-VEX&QR:5A&.5EW6$UI>'=7255-.&%S44%B8VY'5'AK M;71J+VA(3E4O-DA4>$(O#0HS-7-0+VMA=E-U95!Y*UHP;&909F=,+VM69$8O M-CAO9B]283$W0B]W:FUQ9CE$<#1G+S4Y84%=(=W!T9%!T64QA,#A3 M*TE)#0HT65573TYF.45/1D%W0FMW6C9#69$5DI0=CA!#0II:GA!9BM! M,F8O>5!7.'$V8719-&\T1V%D-W(X9CAI>CA(=BM21'0O*W8R+R]W1%-Y874Q MD@X M874O.$%#3V%P+W="1'`T9R\W.#)(+W=!:E9Z2'`R.'IP2SA(,'8O:B]!3EDO M-T,K;V8K;&-T97%F#0HX235Q;B]1-F5)4"LO3F@O.&I69WAF0S(S:6MM95!X M3C1G1%144U1U8U=N3'E/6&,O=T-O-W-X3T]N4$960UA+-VU696LV:T]637`R M#0IN*W)0,').,4AV6%5*.%!745E8>%@T9T$O=T)Y>B\X06ME;W!0:'-S;C,O M1E!I02\X0G,O+VME=#-85%9R2$)(0514=F1F:B]!2D5(#0IW6B\T.5!%,R]9 M6"]!4&)3,G(P4W5+,%AW1DQO<5A385HTF5F2TYL:S(U.6EP;C5R M8S0K5D9'0GAX.6$P9BM%8S%4+V]D#0I014@O04@UE90.$%O9%!%2"]F;75!65R]B>$)B#0HU M,F5,.5E0,70W3"]!3U(V-"\W5WC%/=5$K3&(S:69$ M8GA*.6AG=#5T,FY82WIE9$\P5WE,>5@S375%8F-W#0HT=W`R9R\S:%=$-$14 M6"]%165S=&4K34Y:43)6.3EL:CAQ,W-H;&9):&MY8S(U-7I),W!W0E9J-&EA M0G%54'65,9&-U1513#0HW<&UH:VES9W-G151:5G1T=4=W96AW4691 M:74V1E)624MC9&UJ>DML1C!A:G!Y,U1S96DP571&84=**V90>$XO-4M4-',O M-T,Q,R\V#0I/96EL*THS+T%#56YX6B\R1G)V+T%.2%!26$LY>C!&%)I;EEO>%%!,T9'2V1I:D9!1&-567`R2TU504YX4FEN M66]X44$S1D=+9&EJ1D%$#0IC55EP,DM-54%C=CA4:"]X8EAX6B]W0F=I-R\Y M17981C92+T188F9%.&8X049T9D9N+UE)=2\X03!3.6-4<$@X3F5";F4Y4#4O M;V96#0IC3B]"5BM8-FY2>B]!4$AQ2S@W*TEV.$%Y2VUT+W=$6&Q0.$$K:3)R M,%-F+T%).5)8;F9X1B\U1E17+RMV2V8O04Y&=%AJ>"M/4'%E#0HY2#1*96I0 M93A567`R2TU6.75F;35Y+WA/2"]&=&9&;B]9274O=T0P4SEC2G!(.$YD-SA4 M>"]X8EAX6B\R0TQV+W="17980F%2+T18#0IG6C-V5"MF-D@Q6$1F=U9F*S-F M,4]Q6"]!23E+-696+S1Q-FAF*U!3=5@Q9BM+=D5LF9W=T@O1G1F0V8O04=#3%0O,%-L9$YI=G56 M%1S55EO06)I:D9/>%)I9T)U2TU5-T9'2T%' M#0HT;WA4C1W#0HX4C-0:#=Y<&A9 M,C@Q<'='85$1C M6C)E1#E92#%U3$PO-4ER=79'1W50-&8P>4LU:710=$135$-)=DEZ<$)!3G)- M6DHU1E)Z2$=!#0IP0F9A44-6,V)2;&A7=CA!6&16,#)7,FLQ1%(W95!4,FUT MDY',D$U,F-,=30O-TMW+VUE#0IG MGA54'AS;C!"9F@O'`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`V54%'2TU58E1T03-(27AZ>&LP635">6-E M;$%":6I&04=#95-C+W!2=$\P1&-C:DA01U110D9D5S!.#0HS8E17,3%&2%!B M>DE9-4EP1D1+-FM92W-$=U%2=U%A-3G5)5T5L#0HY0DY(2$A&:TAJ26M764YX=U58:F-$ M:UE*2$TK0CE/,&93=%0X4V%R<#ER<"ML869095)A6F)I,VE3,VEL.&MM36MQ M05`S:'5:6C1S#0IN-W=34$%X9W1,1VI4+S16+W=#1'8K:%0X4&8K0S)(+T%/ M2F\O=T-&9BM$=BMH5#A09CA!9W1H+RM*30Q4V5Z#0IH M=#1T060O1E1),DAA.$0R:$-8;U@U;6Q:=G1#-TI-7-S#0I89&UJ=6-J8W)-+V%B5'1!,TA)>'IX:S%3 M6DQ6:FUF:650.$%I,G9I,R]S15AF.$$V2F5U0C!J*T=U*RM+02\T='0TC191"]!271R#0HT4R\W M0D9P+S9*4W5M>%A-+T,X9CA7,3A*.&LU,&TP+T0Y>6QD3G1/,$1C8VI(4$=4 M6#-+,E!Z5C=H:6I&1T]18VY(<%%"9VYK;E`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`O,7A3:G%+,F@P.49'4&U">6-9-E5!64HU2GEF>7!I0VEK,FYA0G5/4FIN M#0IJ2G!C9DU$:S1X,&]!2TM!344X:S50-55M,#=13GAY36,X6DY!0S!562M9 M2$IX:G!10F=N:VY*+TMG06]P3G`R9V)J:UDU-'EA6$AZ#0I!-4]-9$M!0VEG M1$)02D]4*U9*=$\P1&-C:DA01U11071&1U!M0GEC639505E*-4IY9GEO04M+ M5&%D;T51K+VQ38E1T03-(27AZ M>&LP04Q24FHU9V-N1T]L04=#95-C;CAQ04-I:S)N84)U3U)J;FI*<&-F341K M-'@P;T%+2T%-#0I%.&LU4#55;3`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`O M0453;&14:759*T9O+W=#3%IE168K=U!:+W=$;VQ+6%5F439B#0I&1TM81D=+ M66A-55EP8U59;T%41D=+6$9'2T%%>%)I;'A2:6="3559<&-566]!5$9'2UA& M1TM!17A2:6QX4FEG0DU567!C55EO051�I'2UA&1TM!17A2:6QX4FEG0DU5 M67!C55EO051&1TM81D=+04]7*TM)+W=#3%HK3'8K=U)D+W=$;VPV.#8P:BM' M=E(O:6M0.$%I,EAI#0HW+W-$,VXO;VPV.#0P:BM'=D)ZB]!15!Q3TA0 M:'$O.$%B=C9N5DPO>#96>2MR+WA6,4,O.&5L8W9Q+SA!1EAI>3)0;TM(>$AO M#0IF=W5(+T9S+T-0.$$R0TQ4+W="17!855ER;69H85`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`O04="-U`O,%-L84=S-E!F86AD3$QA M94ET5C!U34E&34YP2&%S:DA*3S0K8D,W6C5X#0IW8V-$:G)N4"M&=THK1U!H M1$))+S1L1FXP+S8T<%(Q1&]D4&EJ1DQT3S1(2GAJ<#8P0E-#95-C;CAQ66A- M55EO,FY90G9/4FHU=4UM#0IL,FYC1<>#`Y84%%>%)I;$-K13AK-5`U56TP M-T%.-7E-9DYX:S!!1TM-574P-V=C;D=/;G)11DE*-4IY9GEO051&1TM.<#)! M8GIK#0I9*V)J2G!D<#-!-4]-9%!79T)-55EP47!"4$I/5"M62G1/=T1E8VI( M>F-:3D%":6I&3'1/-$A*>&IP-C!"4T-E4V-N.'%!17A2:6IA#0ID9T51K+VQ38E1S03-N27@X,T=444%9 M;WA3-U1U0GEC639E=$%59VYK;DHO2V="#0I-55EO,FY90G9/4FHU=4UM;#)N M8T1K-'@P.6%!17A2:6Q#:T4X:S50-55M,#=!3C5Y369.>&LP06-X.%5V*U-: M94QV*W=0968K:5AR#0IZ9E-0-&$Y22M+65`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�IX2SA55WAB9#53>$QO5GAJ4$DT M%-Q5F1'#0I%2V=Q=U!)24EW46$V4$9C.6$K3$Q2.5ES9$IV8D\Y M,"]5-W1.=W0W9U)S67EF3DM+>E)U>35D8F5D:&=K05)K359*54YQ84YQ:T=S M#0I77!6;3E633A2 M;W4T;WA4E(W,FY71F=R46@K4S1,9T%R>4YW M.6$Y1'A81R]'2S5L='9H:C1N.&UX=6)Z>F1.=6]N.&AO>#5+;48X>4YV6F-Q M3S188S-00VUH#0HW1%B]&4"]K<#-I+SA!-T1&-2]W M0VIN;V\K2V8X07E5-WAF+S)'3'HO,&,Y1EE--D9S9F50=W,O-4IH-%$O#0HW M03EN+W=#:45R<4U6>E!W&5%O:V1R;4A#:V=!3T=C<7)+ M5'%A0G)%97-1,U`K:3-.;F17#0IK,S)E-71B;EE:25@R2S1"2TUY2$M323)6 M66I$64]#0T(U:'%V9U!X8D9Q*VM84#(S5'174S%Z9#-K,&1K8F5E-VM7-W-: M:7!:-VAG#0I:2%B]K;4AH1"]!3$$Y;B\V25-T2%=D1W9T475L;'10165Q-EA'14-M1S!J=%=2 M:FMN8V9.:&1S.#0T3T]">#%Z:F%6-$IV9$LP#0IU>C`V=SA:*TEO'`O.$$X:3!80W@P,DM-5G=(9W)4 M3F,Q>G=B;T]R6&9J6%AK=6(K=V=U<%9I=#=!24=E3E=)54%)I=4$X2F%:$8O,S0P+R]W0U)A3&A9-F)&1TLU;B]!25)J#0I6 M=CA!;V5015@O9FI4+SA!-49O+S12:E9V*V@T.%)F.2M.4"]!4&M7:3173F95 M8D,T=3=Q>FQG,56=Z;E(O=T-%#0I9,6(O04M(:GA&+S,T,"\O04]285`K15DQ M8B]O95!%6"]F:E0O=T0U1F]!8C1.,%6%D85%83C1:=G-&;DTS M:V%F1C5+#0IR&I->FYK:DPT,G0K0V)R55E*8FUE3WEV M3#$Y8F962DQ+4V531S)U22]S-U=K8U1/<7-Y9W=E5WIQ5F1864]H#0I'>"M( M6%=M835$-'DP=E-6.&$V.&)A-G-,=39D:F(R1SA.1DIB2V]"*WI9>&E:G,O.$EX<3,O43AE278X079X<"\O=T%I#0HP1$TV,SA(5%,K2#=04C%%5B661U,DUU3G`R47%&4E-684Q:.$\V M6G$Q:G%M$8O,S0P+SA!*U)A4"M%63%B+V]E M4$58+T%(-#`O=T0K4F%,:%DV8D9'2S1$6'1-,7I4.58X3U75,8F$8O,S0P+R]W0U)A3&A9-F)&1TLU;B]!25)J5G8X06]E4$58+V9J M5"\X035&;R\T4FI6#0IV*V@T.%)F.2M.4"]!4&M7:3173VUX4FEU03$W5$YC M,"]69D1L=$0T,3$U;SE3=C-T6E,Y=EE%<6]T6C5S$8O,S0P+SA!*U)A4"M%63%B+V]E4$58+T%(-#`O=T0K#0I284QH639B1D=+ M-6XO:$=.5R\V2&IX1B\S-#`O+W=#4F%0.$%H1TY7+W=#:#0X4F8Y*TY0+W=$ M:U=I-%=/;7A2:75!.%&EE.50T#0I994HO-U!T-V%F9'!T,',O;GIT1G-I.&@Y>DQH1S--3TU+ M9&]0.3168R\T4FI6=BMH-#A29CDK3E`O.$%K5W%U<2M#8C-69$QV3D]V#0HO M1V9I2U=Z=318=#4T+TMS1C-O-FQ71U)B06I)2C5">E%#3W=X4FEN66]X5$5F M;DHX5E`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`O=T-W#0I.6B\K:45R<6$K2E!$+S=32&DO471",#-38E14=$%E,G-,84LQ M:6%70UEU56I52T-X16]'8T%:=T)6+R]!26%L.&)F.4%V=S4O=T-!#0HX+SA! M.&5R4S5N62MZ2TLK32\X06AQ6'AT+S!#+T1N+T%)1'HO=T1X-FHO:'%8>'0O M=T)!=GB]!4'@V;F-6:C=-;W(T>B\T#0IA;#AB9CE!=GB\O M04(V:B]H<5AX="\P0R]$;B]G4%`O=T1(<4QH62MZ2TLK32\K1W!F1S,O44PX M3V8K03@O+T%-96\O=T-'#0IP9D'0O=T)!=GB]! M4'@V#0II-%=0B\O04(V:3174'-Y:79J4"]H<5AX="\P0R]$#0IN+V=04"\X M04AQ4"M'<&9',R]13#A/9BM!."\O04UE;W5&:C=-;W(T>B\T86PX8F8Y079W M-2\T1'HO.$%X-FHO04EA;#AB9CE!=GB]W0T=P9D#9J+VAQ6'AT M+S!#+T1N+V=04"\X04AQ3&A9*WI+2RM-+RM'<&9',R]13#A/9BM!."\O=T%E M#0IO+S1A;#AB9CE!=GB\X07@V:3174'-Y:79J4"]H<5AX="\P0R]$ M;B]G4%`O=T1(<5`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how.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 10 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType Other
Period End Date dei_DocumentPeriodEndDate Feb. 29, 2012
Registrant Name dei_EntityRegistrantName CM ADVISORS FAMILY OF FUNDS
CIK dei_EntityCentralIndexKey 0001208252
Amendment dei_AmendmentFlag false
Creation Date dei_DocumentCreationDate Dec. 19, 2012
Effective Date dei_DocumentEffectiveDate Dec. 19, 2012
Prospectus Date rr_ProspectusDate Jul. 01, 2012
CM Advisors Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return rr_RiskReturnHeading

CM ADVISORS FUND

 

Fund Summary


Investment objective: rr_ObjectiveHeading

INVESTMENT OBJECTIVE

Investment objective rr_ObjectivePrimaryTextBlock

The investment objective of the CM Advisors Fund (the “Advisors Fund”) is long-term growth of capital.

Fees and expenses of the fund: rr_ExpenseHeading

FEES AND EXPENSES OF THE FUND

Fees and expenses of the fund, narrative rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold Class I shares of the Advisors Fund.

Shareholder fees, caption rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Annual fund operating expenses, heading rr_OperatingExpensesCaption

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

Portfolio turnover, heading rr_PortfolioTurnoverHeading

Portfolio Turnover

Portfolio turnover, narrative rr_PortfolioTurnoverTextBlock

The Advisors 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 shares of the Advisors Fund are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Advisors Fund’s performance. During the most recent fiscal year, the Advisors Fund’s portfolio turnover rate was 45% of the average value of its portfolio.

Portfolio Turnover Rate rr_PortfolioTurnoverRate 45.00%
Expenses Restated to Reflect Current rr_ExpensesRestatedToReflectCurrent Management Fees and Total Annual Fund Operating Expenses have been restated to reflect a contractual reduction in the Management Fees due to the Advisor under the Investment Advisory Agreement from 1.25% to 1.00% of the Advisors Fund's average daily net assets.
Example, heading rr_ExpenseExampleHeading

Example

Expense Example, Narrative rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in Class I shares of the Advisors Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in Class I shares of the Advisors 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 Advisors Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy, Heading rr_StrategyHeading

PRINCIPAL INVESTMENT STRATEGIES OF THE ADVISORS FUND

Strategy, Narrative rr_StrategyNarrativeTextBlock

To meet its investment objective, the Advisors Fund invests primarily in equity securities of companies that the Advisor believes are undervalued. The Advisors Fund typically invests in common stocks, although it may also invest in other equity securities (e.g., preferred stocks, convertible bonds, convertible preferred stocks, and warrants). In addition, the Advisors Fund retains the flexibility to invest in fixed income securities (e.g., corporate bonds or U.S. Government securities) or cash or cash equivalents (e.g., shares of money market funds, short-term U.S. Government obligations, commercial paper, and repurchase agreements) when the Advisor believes they offer more attractive opportunities.

 

Equity Securities. In selecting equity securities for the Advisors Fund’s portfolio, the Advisor:

 

• Applies research models to determine a company’s intrinsic value. Intrinsic value is a concept that refers to what a company is “really” worth. Investment advisors that use intrinsic value (like the Advisor) believe that a company’s real value can be best determined by analyzing business, financial, and other factors about the company and its market, and that a company’s market price gravitates toward its intrinsic value over time. Accordingly, if the market price of the company’s securities is above the Advisor’s determination of its intrinsic value, the Advisor believes that the market price will, over time, fall. If the market price is below its intrinsic value, then the Advisor believes it will, over time, rise.

 

• Compares the company’s intrinsic value to the market prices of the company’s securities; and

 

• Seeks to purchase equity securities of companies that appear to be “bargains” (i.e., securities that are trading at a significant discount to their intrinsic value).

 

In an effort to determine a company’s intrinsic value, the Advisor’s research models utilize various quantitative, qualitative, fundamental, and other factors about a company and its business. This information can include, without limitation, historical analysis, acquisition analysis, discounted free cash flow models and leveraged buyout models. The Advisor also monitors acquisition prices for companies in various industries, and may communicate with companies, their suppliers and customers as part of its research process. Because a company’s business, financial, and market circumstances are always changing, the Advisor evaluates intrinsic value for companies in and out of its portfolio on a regular basis.

 

The Advisors Fund may invest in equity securities of companies of any size or in any sector. The Advisors Fund’s equity securities may be traded on a national securities exchange or over-the-counter.

 

Fixed Income Securities. While income from fixed income securities (i.e., interest payments made on bonds and notes) will be a consideration in analyzing potential fixed income securities for the Advisors Fund, the Advisor’s primary criteria for fixed income securities relates to their appreciation potential. In selecting fixed income securities for the Advisors Fund, the Advisor generally:

 

• Reviews the maturity, yield, and ratings from nationally recognized statistical rating organizations (including Standard & Poor’s (“S&P”), Moody’s Investors Service, Inc. (“Moody’s”) and Fitch, Inc. (“Fitch”)) of a fixed income security, both independently and in relation to the Advisors Fund’s current portfolio;

 

• Analyzes the current and projected financial and economic conditions of the issuer and the market for its securities using proprietary research models; and

 

• Seeks to purchase fixed income securities that the Advisor believes (i) fit the desired mix of fixed income securities for the portfolio (e.g., the types of securities, maturities, and yields then targeted for the Advisors Fund); and (ii) offer opportunities for price appreciation.

 

The Advisors Fund may, without limitation, purchase fixed income securities of any maturity or yield, provided that corporate debt obligations shall primarily be “investment grade” securities rated in one of the four highest rating categories by any nationally recognized rating agencies or, if not so rated, will be of equivalent quality in the opinion of the Advisor. The Advisors Fund may also, without limitation, purchase fixed income securities in any sector and issued by any size company, municipality or government body.

 

While the Advisors Fund’s primary focus is on investments in equity and fixed income securities, the Advisors Fund may invest in cash or cash equivalent positions when the Advisor believes the equity and fixed income securities markets offer limited investment opportunity or are overpriced. The Advisors Fund may hold cash or cash equivalent positions for extended periods of time while the Advisor waits for the equity and fixed income securities markets to offer more attractive opportunities.

Risk, Heading rr_RiskHeading

PRINCIPAL RISKS OF INVESTING IN THE ADVISORS FUND

Risk, Narrative rr_RiskNarrativeTextBlock

All investments carry risks, and an investment in the Advisors Fund is no exception. No investment strategy works all of the time, and past performance is not necessarily indicative of future performance. You may lose money on your investment in the Advisors Fund. To help you understand the risks of investing in the Advisors Fund, the principal risks of an investment in the Advisors Fund are generally described below:

 

Market Risk – Stock prices are volatile. Market risk refers to the risk that the value of securities in the Advisors Fund’s portfolio may decline due to daily fluctuations in the securities markets generally. The Advisors Fund’s share price will change daily based on many factors that may generally affect the stock market, including fluctuations in interest rates, national and international economic conditions, and general equity market conditions. In a declining stock market, stock prices for all companies (including those in the Advisors Fund’s portfolio) may decline, regardless of their long-term prospects.

 

Interest Rate Risk – Increases in interest rates typically lower the present value of a company’s future earnings stream. Since the market price of a stock changes continuously based upon investors’ collective perceptions of future earnings, stock prices will generally decline when investors anticipate or experience rising interest rates. In addition, to the extent the Advisors Fund invests in fixed income securities, the Fund will be subject to the risk that, in general, prices of fixed income securities will decline when interest rates rise. These fluctuations in fixed income security prices will be more marked with respect to long-term bonds than with respect to short-term bonds and with respect to lower-rated securities than with respect to higher-rated securities. In addition, the prices of lower coupon bonds are generally more volatile than higher coupon bonds of the same approximate maturity and credit quality.

 

Management Style Risk – Different styles of management tend to shift into and out of favor with stock market investors depending on market and economic conditions. Because the Advisors Fund intends to invest primarily in value-oriented stocks (stocks that the Advisor believes are undervalued), the Advisors Fund’s performance may at times be better or worse than the performance of stock funds that focus on other types of stocks (e.g., “growth” stocks selected for growth potential), or that have a broader investment style.

 

Business and Sector Risk – From time to time, a particular set of circumstances may affect a particular sector or certain companies within the sector, while having little or no impact on other sectors or other companies within the sector. For instance, economic or market factors, regulation or deregulation, and technological or other developments may negatively impact all companies in a particular sector. To the extent the Advisors Fund invests heavily in a particular sector that experiences such a negative impact, the value of the Advisors Fund’s portfolio will be adversely affected.

 

Small Cap Risk – Stocks of small cap companies generally have more risks than those of larger companies. This greater risk is, in part, attributable to the fact that small cap companies may have less experienced management teams, serve smaller markets, and find it more difficult to obtain financing for growth or potential development than larger companies. Because small cap companies normally have fewer shares outstanding than larger companies, it may be more difficult to buy or sell significant amounts of such shares without an unfavorable impact on prevailing prices. In addition, small cap companies may not be well-known to the investing public, may not be followed by the financial press or industry analysts, and may not have institutional ownership. These factors affect the Advisor’s access to information about the companies and the stability of the markets for the companies’ securities. Due to these and other factors, small cap companies may be more susceptible to market downturns, and their stock prices may be more volatile and less liquid than those of larger companies. In addition, the market for small cap securities may be more limited than the market for larger companies.

 

Credit Risk – The Advisors Fund’s fixed income securities will be subject to credit risks. Issuers of fixed income securities who are experiencing difficult economic circumstances, either because of a general economic downturn or individual circumstances, may be unable to make interest payments on their fixed income securities when due. Additionally, issuers of fixed income securities may be unable to repay the principal upon maturity of their fixed income securities. These “credit risks” are reflected in the credit ratings assigned to fixed income securities by organizations such as Moody’s, S&P or Fitch and may cause the price of a fixed income security to decline and may affect liquidity for the security. Normally, fixed income securities with lower credit ratings will have higher yields than fixed income securities with the highest credit ratings, reflecting the relatively greater risk of fixed income securities with lower credit ratings.

 

Maturity Risk – Maturity risk is another factor that can affect the value of the Advisors Fund’s fixed income security holdings. In general, but not in all cases, the longer the maturity of a fixed income security, the higher its yield and the greater its price sensitivity to changes in interest rates. Conversely, the shorter the maturity, the lower the yield but the greater the price stability. The Advisors Fund will be subject to greater maturity risk to extent it is invested in fixed income securities with longer maturities.

 

Risks Related to Other Equity Securities – In addition to common stocks, the equity securities in the Advisors Fund’s portfolio may include preferred stocks, convertible preferred stocks, convertible bonds, and warrants. Like common stocks, the value of these equity securities may fluctuate in response to many factors, including the activities of the issuer, general market and economic conditions, interest rates, and specific industry changes. Also, regardless of any one company’s particular prospects, a declining stock market may produce a decline in prices for all equity securities, which could also result in losses for the Advisors Fund. Convertible securities entitle the holder to receive interest payments or a dividend preference until the security matures, is redeemed, or the conversion feature is exercised. As a result of the conversion feature, the interest rate or dividend preference is generally less than if the securities were non-convertible. Warrants entitle the holder to purchase equity securities at specific prices for a certain period of time. The prices do not necessarily move parallel to the prices of the underlying securities and the warrants have no voting rights, receive no dividends, and have no rights with respect to the assets of the issuer.

 

Other Investment Companies Risk – Investments in other investment companies subject the Advisors Fund to additional operating and management fees and expenses. Investors in the Advisors Fund will indirectly bear fees and expenses charged by the underlying investment company in which the Fund invests, in addition to the Fund’s direct fees and expenses. Other investment companies are also subject to the risks of the underlying securities in which they invest.

May Lose Money rr_RiskLoseMoney You may lose money on your investment in the Advisors Fund.
Bar Chart and Performance Table, Heading rr_BarChartAndPerformanceTableHeading

PERFORMANCE SUMMARY

Performance, Narrative rr_PerformanceNarrativeTextBlock

The bar chart and table shown below provide some indication of the risks of investing in the Advisors Fund by showing changes in the performance of the Advisors Fund’s Class I shares from year to year and by showing how the average annual total returns of Class I shares for one year, five years, and since inception compare with those of a broad-based securities market index. How the Advisors Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information, current to the most recent month end, is available by calling 1-888-859-5856.

Performance, Information Illustrates Variability of Returns rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table shown below provide some indication of the risks of investing in the Advisors Fund by showing changes in the performance of the Advisors Fund’s Class I shares from year to year and by showing how the average annual total returns of Class I shares for one year, five years, and since inception compare with those of a broad-based securities market index.
Performance, Availability by Phone rr_PerformanceAvailabilityPhone 1-888-859-5856
Performance, Past Does Not Indicate Future rr_PerformancePastDoesNotIndicateFuture How the Advisors Fund has performed in the past (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Bar Chart, Heading rr_BarChartHeading

CM Advisors Fund Class I shares

Calendar Year Returns

Bar Chart, Closing rr_BarChartClosingTextBlock

The year-to-date return of the Advisors Fund’s Class I shares through March 31, 2012 is 12.59%.

 

Quarterly Returns During This Time Period

Highest: 18.76% (quarter ended June 30, 2009)
Lowest: -25.65% (quarter ended December 31, 2008)
Year to Date Return, Label rr_YearToDateReturnLabel year-to-date return
Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2012
Year to Date Return rr_BarChartYearToDateReturn 12.59%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest:
Highest Quarterly Return Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.76%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest:
Lowest Quarterly Return Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (25.65%)
Performance Table: rr_PerformanceTableHeading

Average Annual Total Returns for Periods Ended December 31, 2011

Performance Table Market Index Changed rr_PerformanceTableMarketIndexChanged Prior to October 1, 2012, the Russell 3000 Index was used as the Advisors Fund's primary benchmark. The Russell 3000 Index generally measures the performance of the largest 3,000 U.S. companies representing approximately 98% of the investable U.S. equity market. The Russell 3000 Value Index measures the performance of the broad value segment of the U.S. equity universe. It includes Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth value. The Advisor believes that the Russell 3000 Value Index is a more appropriate benchmark for the Fund because it measures the performance of only companies with value-based characteristics.
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate 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.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred After-tax returns shown are not relevant to investors who hold their Advisors Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA).
Performance Table Explains why after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capitol loss on the sale of Fund shares.
Performance Table Closing rr_PerformanceTableClosingTextBlock

After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Advisors Fund shares through tax-deferred arrangements, such as a 401(k) plan or an individual retirement account (IRA). Return After Taxes on Distributions and Sale of Fund Shares may be higher than other returns for the same period due to a tax benefit of realizing a capitol loss on the sale of Fund shares.

CM Advisors Fund | Russell 3000 Value Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (0.10%) [1]
5 Years rr_AverageAnnualReturnYear05 (2.58%) [1]
Since Inception rr_AverageAnnualReturnSinceInception 5.99% [1]
Inception Date rr_AverageAnnualReturnInceptionDate May 13, 2003 [1]
CM Advisors Fund | Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 1.03% [1]
5 Years rr_AverageAnnualReturnYear05 (0.01%) [1]
Since Inception rr_AverageAnnualReturnSinceInception 6.08% [1]
Inception Date rr_AverageAnnualReturnInceptionDate May 13, 2003 [1]
CM Advisors Fund | Class I Shares
 
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol CMAFX
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Exchange Fee (as a percentage of net assets) rr_ExchangeFeeOverRedemption 1.00%
Exchange Fee rr_ExchangeFee none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.30%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31% [2]
Expense Example, 1 YEAR rr_ExpenseExampleYear01 133
Expense Example, 3 YEARS rr_ExpenseExampleYear03 415
Expense Example, 5 YEARS rr_ExpenseExampleYear05 718
Expense Example, 10 YEARS rr_ExpenseExampleYear10 1,579
2004 rr_AnnualReturn2004 6.69%
2005 rr_AnnualReturn2005 10.11%
2006 rr_AnnualReturn2006 12.71%
2007 rr_AnnualReturn2007 (7.02%)
2008 rr_AnnualReturn2008 (33.76%)
2009 rr_AnnualReturn2009 27.88%
2010 rr_AnnualReturn2010 11.54%
2011 rr_AnnualReturn2011 (3.52%)
1 Year rr_AverageAnnualReturnYear01 (3.52%)
5 Years rr_AverageAnnualReturnYear05 (3.25%)
Since Inception rr_AverageAnnualReturnSinceInception 2.04%
Inception Date rr_AverageAnnualReturnInceptionDate May 13, 2003
CM Advisors Fund | Class I Shares | - Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (3.56%)
5 Years rr_AverageAnnualReturnYear05 (3.55%)
Since Inception rr_AverageAnnualReturnSinceInception 1.63%
Inception Date rr_AverageAnnualReturnInceptionDate May 13, 2003
CM Advisors Fund | Class I Shares | - Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 (2.24%)
5 Years rr_AverageAnnualReturnYear05 (2.77%)
Since Inception rr_AverageAnnualReturnSinceInception 1.70%
Inception Date rr_AverageAnnualReturnInceptionDate May 13, 2003
CM Advisors Small Cap Value Fund