0001162044-13-000087.txt : 20130124 0001162044-13-000087.hdr.sgml : 20130124 20130124141400 ACCESSION NUMBER: 0001162044-13-000087 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130124 DATE AS OF CHANGE: 20130124 EFFECTIVENESS DATE: 20130124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grand Prix Investors Trust CENTRAL INDEX KEY: 0001496315 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22439 FILM NUMBER: 13545155 BUSINESS ADDRESS: STREET 1: 42125 SHADOW HILLS DRIVE CITY: LANCASTER STATE: CA ZIP: 93536 BUSINESS PHONE: 6615796647 MAIL ADDRESS: STREET 1: 42125 SHADOW HILLS DRIVE CITY: LANCASTER STATE: CA ZIP: 93536 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Grand Prix Investors Trust CENTRAL INDEX KEY: 0001496315 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-168095 FILM NUMBER: 13545156 BUSINESS ADDRESS: STREET 1: 42125 SHADOW HILLS DRIVE CITY: LANCASTER STATE: CA ZIP: 93536 BUSINESS PHONE: 6615796647 MAIL ADDRESS: STREET 1: 42125 SHADOW HILLS DRIVE CITY: LANCASTER STATE: CA ZIP: 93536 0001496315 S000030094 GRAND PRIX INVESTORS FUND C000092427 GRAND PRIX INVESTORS FUND 485BPOS 1 xbrlfiling.htm XBRL Filing

Securities Act Registration No. 333-168095

Investment Company Act Registration No. 811-22439


SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549


FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

¨


Pre-Effective Amendment No. _

               ¨


Post-Effective Amendment No._3_

ý


and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY

ACT OF 1940

¨


Amendment No._4_

ý


(Check appropriate box or boxes.)

Grand Prix Investors Trust

(Exact Name of Registrant as Specified in Charter)

 (Address of Principal Executive Offices)(Zip Code)

Registrant’s Telephone Number, including Area Code:  (661) 579-6647

John C. Foti

42125 Shadow Hills Drive

Lancaster, CA 93536 (Name and Address of Agent for Service)


John C. Foti

42125 Shadow Hills Drive

Lancaster, CA 93536

With copy to:

Oswald & Yap LLP

16148 Sand Canyon Ave,

Irvine, California 92618


Approximate date of proposed public offering:  As soon as practicable after the effective date of the Registration Statement.

It is proposed that this filing will become effective:

ý Immediately upon filing pursuant to paragraph (b)

o On (date) pursuant to paragraph (b)

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

o On (date) pursuant to paragraph (a)(1)

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

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

If appropriate, check the following box:

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

.





SIGNATURES



Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Irvine, State of California, on the 24th day of January 2013.


Grand Prix Investors Trust



By: Bruce G. Lee

Bruce G Lee, Attorney-in-Fact


     Pursuant to the requirements of the Securities Act of 1933, this Amendment to Registration Statement has been signed below by the following person in the capacities on the 24th day of January, 2013.


Signature

Title

Date



John C. Foti*

Trustee, President (Principal Executive Officer),

January 24, 2013

and Treasurer (Principal Financial Officer)


Laura A. Bradford*

Trustee

January 24, 2013



Mark Prochowski

*

Trustee

January 24, 2013





*By :Bruce G  Lee, Oswald and Yap LLP

Bruce G Lee

Attorney-in-Fact







  



EX-101.INS 2 granx-20121228.xml 485BPOS 2012-07-31 false Grand Prix Investors Trust 0001496315 2012-12-28 <div style="display:none">~ http://xbrl.sec.gov/rr/role/ShareholderFeesData column dei_LegalEntityAxis compact fil_S000030094Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/OperatingExpensesData column dei_LegalEntityAxis compact fil_S000030094Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> 0 0 0 -0.0100 20 <div style="display:none">~ http://xbrl.sec.gov/rr/role/RiskReturnDetailData row dei_DocumentInformationDocumentAxis compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * row rr_PerformanceMeasureAxis compact * row primary compact * ~</div> 0.0195 0.0025 0.0000 0.0004 0.0224 <div style="display:none">~ http://xbrl.sec.gov/rr/role/ExpenseExample column dei_LegalEntityAxis compact fil_S000030094Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000030094Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact fil_S000030094Member row primary compact * ~</div> <div style="display:none">~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000030094Member row primary compact * row rr_PerformanceMeasureAxis compact * ~</div> 232 715 1225 2626 <p><b>Investment Objective</b></p> <p>The Grand Prix Investors Fund (the &#8220;Grand Prix Fund&#8221; or the &#8220;Fund&#8221;) seeks long-term total return.</p> <p><b>Fees and Expenses</b></p> <p>The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.</p> <p><b>Shareholder Fees (fees paid directly from your investment)</b></p> <p><b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b></p> <p><b>Example</b></p> <p>This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.&#160; The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.&#160; The Example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses are as described in the Fees and Expenses table.&#160; Although your actual costs may be higher or lower, based on these assumptions your costs would be:</p> <p><b>Portfolio Turnover</b></p> <p>The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio).&#160; A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.&#160; These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.&#160; For the fiscal year ended July 31, 2012, the Fund&#8217;s portfolio turnover rate was 406.15%.</p> <p><b>Principal Investment Strategies</b></p> <p>Under normal circumstances, the Fund will invest at least 80% of its net assets plus borrowings in the domestic and foreign equity and debt securities of &#8220;Formula 1 Sponsor Companies.&#8221;&#160;&#160; For this purpose, the Fund&#8217;s investment adviser, Autosport Fund Advisors, Inc. (&#8220;Autosport&#8221; or the &#8220;Adviser&#8221;), defines Formula 1 Sponsor Companies as companies that, directly, or indirectly through an affiliate, sponsor Formula 1 teams (through on-car branding or by serving as a technical partner or supplier), Formula 1 drivers or Formula 1 races (including through trackside advertising), or that sponsor the Formula One Administration or the Federation of International Autosport.&#160; At present, there are approximately 300 Formula 1 Sponsor Companies.</p> <p>&nbsp;</p> <p>The Fund will normally hold both common stocks and debt securities, generally with 40% to 80% of its net assets invested in common stocks and 20% to 60% of its net assets invested in debt securities, including cash equivalents or money market funds.&#160; The Fund may invest up to 100% of its assets in cash equivalents and money market funds as a defensive measure in response to adverse market conditions. &#160;The Fund may invest in equity securities of any market capitalization.&#160; The adviser intends to invest in domestic and foreign debt securities of any maturity that are investment grade (generally, having a Standard &amp; Poor&#8217;s rating of &#8220;BBB&#8221; or better, or a Moody&#8217;s rating of &#8220;Baa&#8221; or better) or, if unrated, determined by the adviser to be of comparable quality.&#160; However, the adviser may also invest, without limitation, in non-investment grade corporate bonds rated below &#8220;Baa&#8221; by Moody&#8217;s or below &#8220;BBB&#8221; by S&amp;P (also known as &#8220;junk&#8221; bonds).&#160; The Fund may invest in other equity and debt securities, including shares of other investment companies (such as ETFs).&#160; The Fund may purchase foreign and emerging market securities, including sponsored ADRs. The Fund may also buy and write (i.e., sell) put and call options.</p> <p>&nbsp;</p> <p>Once a portfolio security of a Formula 1 Sponsor Company has been purchased, the Fund typically will hold that security for as long as the security is in the universe of Formula 1 Sponsor Companies.&#160; Although the Adviser will typically sell the security of a company that no longer qualifies as a Formula 1 Sponsor Company, the Adviser may retain such a portfolio security for an extended period to avoid sale at an inopportune time.</p> <p><b>Principal Risks of Investing in the Fund</b></p> <p><b>Formula 1 Sponsor Company Security Risk.</b>&#160; The Fund&#8217;s policy of investing primarily in Formula 1 Sponsor Companies may inhibit the Fund&#8217;s ability to participate in certain attractive investment opportunities.&#160; Formula 1 Sponsor Companies may change from year to year, which may result in well-established companies with strong track records no longer fitting within the investment objective of the Fund.&#160; Because the Fund selects from a small universe of companies (approximately 300), the Fund also runs a greater risk of loss than a fund that invests in a wider range of securities.&#160; A related risk is that popularity of Formula 1, or the teams that race in it, may decline among fans and sponsors.&#160; If this happens, the Fund&#8217;s investment objective may require it to invest in fewer companies or weaker companies.&#160; Any negative market, economic or other developments affecting the racing industry could have a major effect on the value of the Fund&#8217;s investments.</p> <p>&nbsp;</p> <p><b>Individual Security Risk.</b>&#160; The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund&#8217;s portfolio.</p> <p>&nbsp;</p> <p><b>Stock Market Risk.</b> Stock prices can decline overall due to changes in the economic outlook, interest rates, political events and numerous other factors. All equity securities are subject to these risks.</p> <p>&nbsp;</p> <p><b>Debt Security Risk.</b>&#160; Debt securities are subject to inherent market risks and fluctuations in value due to changes in interest rates, earnings, economic conditions, quality ratings and other factors beyond the control of the Adviser.</p> <p>&nbsp;</p> <p><b>Credit Risk.</b>&#160; Credit risk is the possibility that an issuer will default on a debt security by failing to pay interest or principal when due.&#160; There is a possibility that issuers of debt securities in which the Fund invests may default in the payment of interest or principal on the securities when due, which would cause the Fund to lose money.</p> <p>&nbsp;</p> <p><b>Risk Associated with Non-Investment Grade Securities.</b>&#160; Debt securities rated below investment grade, also known as junk bonds, generally entail greater market, credit and liquidity risks than investment grade securities.</p> <p>&nbsp;</p> <p><b>Sector Risk.</b>&#160; The Fund may be, at various times, overweighted in one or more industry sectors.&#160; That is, the Fund may invest a significant percentage of its assets in the securities of a single sector.&#160; When the Fund is overweighted in a sector, any negative developments affecting that sector will have a greater impact on the Fund than a fund that is not overweighted in the sector.</p> <p>&nbsp;</p> <p><b>Foreign Investment Risk.</b>&#160; The Fund may invest in foreign equity and debt securities.&#160; Foreign investments, including ADRs, may be riskier than U.S. investments for many reasons, including changes in currency exchange rates; unstable political, social and economic conditions; possible security illiquidity; a lack of adequate or accurate company information; differences in the way securities markets operate; less secure foreign banks or securities depositories than those in the U.S.; less standardization of accounting standards and market regulations in certain foreign countries; and varying foreign controls on investments. Investing in emerging markets involves not only the risks described&nbsp;above with respect to investing in foreign securities, but also other risks, including exposure to economic structures that are generally less diverse and mature, and to political systems that can be expected to have less stability, than those of developed countries.</p> <p>&nbsp;</p> <p><b>Smaller Capitalization Stock Risk.</b> &nbsp; The earnings and prospects of smaller capitalization companies are more volatile than those of larger companies, they may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures.</p> <p>&nbsp;</p> <p><b>Investment Style Risk.</b>&#160; The Adviser&#8217;s judgments about the attractiveness, value and potential appreciation of a particular asset class or individual security in which the Fund invests may prove to be incorrect, and there is no guarantee that the Adviser&#8217;s judgment will produce the desired results.&#160; In addition, the Fund may allocate its assets so as to under-emphasize or over-emphasize investments under the wrong market conditions, in which case the Fund&#8217;s value may be adversely affected.</p> <p>&nbsp;</p> <p><b>Limited History of Operations; Dependence on Portfolio Manager.</b> The Fund is a recently formed mutual fund and has limited history of operations.&#160; In addition, the Adviser is recently formed and has not previously managed a mutual fund.&#160; The Adviser is also dependent on the expertise and experience of its portfolio manager, who is the sole owner of the Adviser.&#160; While the Adviser has another officer and another employee who are familiar with the investment strategy of the Adviser and assist the portfolio manager in his management of the Fund, there is no assurance that they would be able to manage the Fund if he were unavailable to do so for an extended period.</p> <p>&nbsp;</p> <p><b>Options.</b>&#160; The seller (writer) of a call option which is covered (e.g., the writer holds the underlying security) gives up the opportunity for gain on the underlying security above the exercise price of the option. The seller of an uncovered call option assumes the risk of a theoretically unlimited increase in the market price of the underlying security above the exercise price of the option. To the extent the premium received does not cover the difference in the market price and the exercise price, the seller will incur substantial losses when it is obligated to purchase the underlying securities at the higher market price, and sell such securities to the option holder at the lower option price.&#160; The buyer of a call option assumes the risk of losing its entire premium invested in the call option. The seller (writer) of a put option which is covered (e.g., the writer has a short position in the underlying security) gives up the opportunity for gain on the underlying security below the exercise price of the option. The seller of an uncovered put option assumes the risk of a decline in the market price of the underlying security below the exercise price of the option.&#160; The seller will suffer substantial losses to the extent the premium received is less than the difference between the option price and the market price of the securities. The buyer of a put option assumes the risk of losing its entire premium invested in the put option.&#160; A small investment in&nbsp;options could have a potentially large impact on the Fund&#8217;s performance; certain gains or losses could be amplified, increasing movements in the share price of the Fund. The use of&nbsp;options involves risks that may be different from the risks associated with investing directly in the underlying assets, including the risk that changes in the value of an option held by the Fund may not correlate with the Fund&#8217;s other investments.</p> <p>Investments in Other Investment Companies Risk.&#160; Investments in other investment companies, including ETFs (which may, in turn invest in equities, bonds, and other financial vehicles), may involve duplication of investment advisory fees and certain other expenses.&#160; If the investment company or ETF fails to achieve its investment objective, the value of the Fund&#8217;s investment will decline, adversely affecting the Fund&#8217;s performance.</p> <p>&nbsp;</p> <p><b>Portfolio Turnover Risk.</b> High portfolio turnover results in higher transactional and brokerage costs, which reduce the Fund&#8217;s return.</p> <p><b>Performance</b></p> <p>Performance information is not included because as of the date of this Propspectus, the Fund does not have a full calendar year of operations.&#160; In the future, performance information will illustrate the variability of the Fund&#8217;s returns by showing changes in the Fund&#8217;s performance from year to year and showing how the Fund&#8217;s average annual returns compare with those of a broad measure of market performance.&#160; Updated performance information is available at 1-800-453-6556 or www.grandprixinvestorfund.com. </p> 4.0615 <p>There is a possibility that issuers of debt securities in which the Fund invests may default in the payment of interest or principal on the securities when due, which would cause the Fund to lose money.</p> <font style="font-size:12.0pt; font-family:Times New Roman">800-453-6556</font> <font style="font-size:12.0pt; font-family:Times New Roman">www.grandprixinvestorfund.com</font> 0001496315 2012-12-28 2012-12-28 0001496315 fil:S000030094Member 2012-12-28 2012-12-28 0001496315 fil:S000030094Memberfil:C000092427Member 2012-12-28 2012-12-28 pure iso4217:USD Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund). EX-101.SCH 3 granx-20121228.xsd EX-101.CAL 4 granx-20121228_cal.xml EX-101.DEF 5 granx-20121228_def.xml EX-101.LAB 6 granx-20121228_lab.xml Series [Axis] Series [Axis] Series Series Grand Prix Investors Fund Grand Prix Investors Fund Share Class [Axis] Share Class [Axis] Share Classes Share Classes Grand Prix Investors Fund Grand Prix Investors Fund {92427} Risk/Return: Risk/Return: Objective [Heading] Objective [Heading] Objective, Primary [Text Block] Objective, Primary [Text Block] Expense [Heading] Expense [Heading] Expense Narrative [Text Block] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees Caption [Text] Shareholder Fees [Table] Shareholder Fees [Table] Operating Expenses Caption [Text] Operating Expenses Caption [Text] Annual Fund Operating Expenses [Table] Annual Fund Operating Expenses [Table] Expense Example [Heading] Expense Example [Heading] Expense Example Narrative [Text Block] Expense Example Narrative [Text Block] Expense Example, With Redemption [Table] Expense Example, With Redemption [Table] Expense Example, No Redemption [Table] Expense Example, No Redemption [Table] Portfolio Turnover [Heading] Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover [Text Block] Strategy [Heading] Strategy [Heading] Strategy Narrative [Text Block] Strategy Narrative [Text Block] Risk [Heading] Risk [Heading] Risk Narrative [Text Block] Risk Narrative [Text Block] Bar Chart and Performance Table [Heading] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Narrative [Text Block] Performance [Table] Performance [Table] Market Index Performance [Table] Market Index Performance [Table] Shareholder Fees: Shareholder Fees: Maximum Sales Charge (Load) Imposed on Purchases Maximum Sales Charge (Load) Imposed on Purchases Maximum Deferred Sales Charge (Load) Maximum Deferred Sales Charge (Load) Maximum Sales Charge (Load) on Reinvested Dividends Maximum Sales Charge (Load) on Reinvested Dividends Redemption Fee (as a percentage of amount redeemed within six months of purchase) Redemption Fee (as a percentage of amount redeemed within six months of purchase) Redemption Fee (as a percentage of amount redeemed within six months of purchase){neg} Wire Transfer Fee Wire Transfer Fee Operating Expenses: Operating Expenses: Management Fees Management Fees Distribution (and/or Service) (12b-1) Fees Distribution (and/or Service) (12b-1) Fees Other Expenses Other Expenses Acquired Fund Fees and Expenses Acquired Fund Fees and Expenses Total Annual Fund Operating Expenses Total Annual Fund Operating Expenses Expense Example: Expense Example: 1 Year Expense Example, with Redemption, 1 Year 3 Years Expense Example, with Redemption, 3 Years 5 Years Expense Example, with Redemption, 5 Years 10 Years Expense Example, with Redemption, 10 Years Risk/Return Detail [Table] Risk/Return Detail [Table] Document Type Document Type Document Period End Date Document Period End Date Registrant Name Registrant Name Central Index Key Central Index Key Amendment Flag Amendment Flag Prospectus Date Prospectus Date Portfolio Turnover, Rate Portfolio Turnover, Rate Risk Lose Money [Text] Risk Lose Money [Text] Performance Availability Phone [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Availability Website Address [Text] EX-101.PRE 7 granx-20121228_pre.xml XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } EXCEL 9 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\R-&$S8S`W,E\U834V7S0R-&-?8C(R.5]F9C-F M8C,Q964Y,C`B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T#I%>&-E;%=O#I3='EL97-H965T($A2968],T0B M5V]R:W-H965T&-E M;"!84"!O3X-"CPO:'1M;#X-"@T*+2TM M+2TM/5].97AT4&%R=%\R-&$S8S`W,E\U834V7S0R-&-?8C(R.5]F9C-F8C,Q M964Y,C`-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,C1A,V,P-S)? M-6$U-E\T,C1C7V(R,CE?9F8S9F(S,65E.3(P+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R M'0^/'`^ M/&(^26YV97-T;65N="!/8FIE8W1I=F4\+V(^/"]P/CQS<&%N/CPO'0^/'`^/&(^1F5E6]U(&UA>2!P87D@ M:68@>6]U(&)U>2!A;F0@:&]L9"!S:&%R97,@;V8@=&AE($9U;F0N/"]P/CQS M<&%N/CPO2!F"!);G9E"!M M;VYT:',@;V8@<'5R8VAA'0^/'`^/&(^06YN=6%L($9U;F0@3W!E'!E;G-E6]U'!E;G-E M2!T:&4@9&ER M96-T(&]P97)A=&EN9R!E>'!E;G-E2!T:&4@1G5N9"DN M/"]T9#X-"B`@("`@("`@("`@(#PO='(^#0H@("`@("`@("`@/"]T86)L93X\ M&%M M<&QE/"]B/CPO<#X\6]U2!B92!H:6=H97(@;W(@;&]W97(L(&)A'!E;G-E($5X86UP;&4L('=I=&@@ M4F5D96UP=&EO;BP@,2!996%R/&)R/CPO=&@^#0H@("`@("`@("`@("`@(#QT M:"!C;&%S"!);G9E4%X:7,@8V]M<&%C="!F:6Q? M4S`P,#`S,#`Y-$UE;6)E&ES(&-O;7!A8W0@*B!R;W<@<')I;6%R>2!C;VUP86-T("H@?CPO9&EV M/CQS<&%N/CPO'0^/'`^5&AE($9U;F0@<&%Y&%M<&QE+"!A9F9E8W0@ M=&AE($9U;F0G65A2P@;W(@:6YD:7)E8W1L M>2!T:')O=6=H(&%N(&%F9FEL:6%T92P@&EM871E;'D@,S`P($9O2!H;VQD(&)O=&@@8V]M;6]N('-T;V-K2!M M87)K970@9G5N9',N)B,Q-C`[(%1H92!&=6YD(&UA>2!I;G9E2!I;G9E2!M871U2!T:&%T(&%R92!I;G9E2!A;F0@9&5B="!S96-U2!I2!S96QL('1H92!S96-U2!O9B!A(&-O;7!A;GD@ M=&AA="!N;R!L;VYG97(@<75A;&EF:65S(&%S(&$@1F]R;75L82`Q(%-P;VYS M;W(@0V]M<&%N>2P@=&AE($%D=FES97(@;6%Y(')E=&%I;B!S=6-H(&$@<&]R M=&9O;&EO('-E8W5R:71Y(&9O'1E;F1E9"!P97)I;V0@=&\@879O M:60@2!O9B!I;G9E2!C:&%N9V4@9G)O;2!Y96%R M('1O('EE87(L('=H:6-H(&UA>2!R97-U;'0@:6X@=V5L;"UE2`S,#`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`^4&5R9F]R;6%N8V4@:6YF;W)M871I;VX@:7,@;F]T(&EN8VQU M9&5D(&)E8V%U65A M2!S:&]W:6YG(&-H M86YG97,@:6X@=&AE($9U;F0F(S@R,3<[65A2!C;VUP86-T("H@?CPO9&EV/CQS<&%N/CPO2!C;VUP86-T("H@ M'1087)T7S(T M83-C,#'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA5)E9VES=')A;G1.86UE/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L M87-S/3-$=&5X=#Y'"!) M;G9E2!;5&5X="!";&]C:UT\+W1D/@T*("`@("`@ M("`@("`@("`\=&0@8VQA"!);G9E'!E;G-E2&5A9&EN9SPO=&0^#0H@("`@("`@("`@ M("`@(#QT9"!C;&%S'0^/'`^/&(^1F5E'0@0FQO M8VM=/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@("`@("`@(#QT M9"!C;&%S'0^/'`^5&AE('1A8FQE2!I9B!Y;W4@8G5Y(&%N M9"!H;VQD('-H87)E'1=/"]T9#X-"B`@("`@("`@("`@ M("`@/'1D(&-L87-S/3-$=&@^'0^/'`^/&(^4VAA M6]U'!E;G-E'!E;G-E65A'0^/'`^/&(^4&]R=&9O;&EO(%1U'1";&]C:SPO=&0^#0H@("`@("`@("`@ M("`@(#QT9"!C;&%S'0^/'`^5&AE($9U;F0@<&%Y&%M<&QE+"!A M9F9E8W0@=&AE($9U;F0G65A&%M<&QE(%M(96%D:6YG73PO=&0^ M#0H@("`@("`@("`@("`@(#QT9"!C;&%S&%M M<&QE2&5A9&EN9SPO=&0^#0H@("`@("`@("`@("`@(#QT9"!C;&%S'0^/'`^/&(^17AA;7!L93PO8CX\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@ M("`@("`@("`@("`@(#QT9"!C;&%S'!E;G-E($5X M86UP;&4@3F%R&%M<&QE3F%R6]U2!B92!H:6=H97(@;W(@;&]W97(L(&)A'0^/'`^56YD97(@;F]R;6%L(&-I M2!A;F0@9&5B="!S96-U2!S97)V M:6YG(&%S(&$@=&5C:&YI8V%L('!A2!M87)K970@9G5N9',@87,@82!D969E;G-I=F4@;65A2!S96-U2!M87)K970@8V%P:71A;&EZ871I;VXN)B,Q-C`[(%1H92!A9'9I M2XF(S$V,#L@2&]W979E2!-;V]D>28C.#(Q-SMS(&]R(&)E;&]W("8C.#(R,#M"0D(F(S@R M,C$[(&)Y(%,F86UP.U`@*&%L2!A;'-O(&)U>2!A;F0@=W)I=&4@*&DN92XL M('-E;&PI('!U="!A;F0@8V%L;"!O<'1I;VYS+CPO<#X@/'`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`^(#QP/B9N8G-P.SPO<#X@/'`^/&(^3&EM:71E9"!(:7-T M;W)Y(&]F($]P97)A=&EO;G,[($1E<&5N9&5N8V4@;VX@4&]R=&9O;&EO($UA M;F%G97(N/"]B/B!4:&4@1G5N9"!I2!O9B!O<&5R871I;VYS M+B8C,38P.R!);B!A9&1I=&EO;BP@=&AE($%D=FES97(@:7,@'!E65E('=H;R!A2!W;W5L9"!B92!A8FQE('1O(&UA;F%G92!T:&4@1G5N9"!I9B!H92!W97)E M('5N879A:6QA8FQE('1O(&1O('-O(&9O'1E;F1E9"!P97)I;V0N M/"]P/B`\<#XF;F)S<#L\+W`^(#QP/CQB/D]P=&EO;G,N/"]B/B8C,38P.R!4 M:&4@6EN M9R!S96-U2D@9VEV97,@=7`@=&AE(&]P<&]R='5N:71Y(&9O&5R8VES M92!P2!U;FQI;6ET960@:6YC6EN9R!S96-U2!A8F]V92!T:&4@97AE2!F;W(@9V%I;B!O;B!T:&4@=6YD97)L>6EN9R!S96-U2!B96QO=R!T M:&4@97AE&5R8VES92!P2!L87)G92!I;7!A M8W0@;VX@=&AE($9U;F0F(S@R,3<[2!I;G9O;'9E(&1U<&QI8V%T:6]N(&]F(&EN M=F5S=&UE;G0@861V:7-O'!E M;G-E2!O2X\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@("`@("`@(#QT9"!C;&%S'1";&]C:SPO=&0^#0H@("`@("`@("`@("`@(#QT9"!C;&%S'0^ M/'`^4&5R9F]R;6%N8V4@:6YF;W)M871I;VX@:7,@;F]T(&EN8VQU9&5D(&)E M8V%U65A2!S:&]W:6YG(&-H86YG97,@ M:6X@=&AE($9U;F0F(S@R,3<[65A6QE/3-$)V9O;G0M5=E M8E-I=&5!9&1R97-S/"]T9#X-"B`@("`@("`@("`@("`@/'1D(&-L87-S/3-$ M=&5X=#X\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z,3(N,'!T.R!F;VYT+69A M;6EL>3I4:6UE"!);G9E&EM=6T@4V%L97,@0VAA&EM M=6U386QE"!M;VYT:',@;V8@<'5R8VAAVYE9WT\+W1D/@T* M("`@("`@("`@("`@("`\=&0@8VQA'!E;G-E&%M<&QE M+"!W:71H(%)E9&5M<'1I;VXL(#$@665A&%M<&QE665A&%M<&QE+"!W:71H(%)E9&5M M<'1I;VXL(#4@665A'!E;G-E17AA;7!L95EE87(P-3PO=&0^#0H@("`@("`@("`@ M("`@(#QT9"!C;&%S&%M<&QE665A M2!T:&4@9&ER96-T(&]P97)A M=&EN9R!E>'!E;G-E2!T:&4@1G5N9"DN/"]T9#X-"B`@ M("`@("`@("`@(#PO='(^#0H@("`@("`@("`@/"]T86)L93X\&UL/@T*+2TM+2TM/5].97AT4&%R=%\R-&$S D8S`W,E\U834V7S0R-&-?8C(R.5]F9C-F8C,Q964Y,C`M+0T* ` end ZIP 10 0001162044-13-000087-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001162044-13-000087-xbrl.zip M4$L#!!0````(`,-Q.$*A0^0!^!@``")@```2`!P`9W)A;G@M,C`Q,C$R,C@N M>&UL550)``/^AP%1_H*D>O3_Q@.Q7MKTBI1J9BNQ MF&51EXNR+([V]_'QJ'+[\&P?NCP9CB?#!Y,]WW*FL[KEY>7E:&YE MGA967^E\I5QIK)M5>3I*S!(Z3PXF!P>/0U=KVW,XE8SF9K5O+38=#\<'P[IQ M:PYJ;>P?/+>;)02SG/#Y^_?G9_L=YMOC/%>66W2EWEZ)LLM M@R$9P_&/H$GM\5I=ZX%/X56*KU]E/9@R`T/$#,/V'>\]^R,KC5*^$*]>9>OK#[Y7!WZ[(Y/HH M-[GB)S_,R^-_B"W&;4VF]CM4`($2YLZJ92Y`%)]_47.9L3Q.K[2#5\M")J4` M=_/YO";GC5I.P=/Y?M9^;CBF\5]DTKE6__\2UEP*\$]+:=?1TW\@7_O`&%). MPMLIIB#+TSRO9/8*/-R[0EEPMOG\Y56A'R76#CC^?9&\LM"#E-_)*+ZOE MNP&SS]7K96&<2M_E[RN;+,#9NG<02-_-9N`]\CE8;J)$E6L6-[0!3[A[ M`3XG^.>3@X<'X(93E0`7&02=UV]?@9D2U;CD<`5ICP'1/V>]^.^#Z=G]V%E(-QC^=J2T2[BP^JK&Q^IDJIL^N= MU-?S3-VYR3&AST"O%,+_ZWQF[))0:WC4XV5V^3%N<7./A2V5I5D!#KY1TH%" MW-*S[19O8VZYG"O")XI]QJESJG1?T8Q`)9\<>EOJGRP0$UL0&-2YLBOP6Y.# MZ>0;$C<^8.)N.GD@EG0YQ(IO19NWY2USU9$_^;W2X%=WIG/AQR-;T),X/H;R_[@@&FZEH"75Q+SFU]UN6A<[!^$N-HD M_;F@ULW%U2_@M^9/)MZ8H#^SJ+<+KL[GFJ#S!TFV2\&=,H6;BFDKVTUTM!>J MI.SWCQ=1/S'?0%`W12*;`KV)O/J-^W^5M./)UT.?#PYZ#($GV4'`@Z]&P(^3 MPVT$/-A!P.%7(P":;J7@<#L%D_'76X-'!X^V4#`9URAJ^ANX/+U2/RN)Q>8; M65.!"H=_3/$/+HLAJA3U:*29T]!LOZ@UM#O?!AWOV1R^S+QI_(\+)7JK=8AF MQ#V`<.('D,#Q7QX?'(R/HY;XOGXS.1;&BD[C3HO[PBEUX41F\OFP5'8I2E/* M3%B"^Z-M+'=9ZVC![5<`H9I`=@)6VBK^]E0=`MY*BQ68U1?ZUEKX)?H9!VKH M$@#RBH0X"Z0I3QH\E:58FTHLY5H4\$_/Z.>T6E-#3%:%PPCLA)G1("C^KE2W MTKREM/E"!ISPI=*-!A(DZ7O$5"%U*E)`RTF9K<7,FB6R886NS>'^UF7HIZVV MA6XE[/:TME83<6]S57!%E$P68@U^0DA8/`']$F`'4L>P("N95?3C MQAQOXZG?$][>%/P`UQE`>YXM>/=.Y@"1.F0!\*>&?A"54W`48J&R@D1-D=RR MG23&E2A0EB7RKO-:]\4E@/7MS0P5CI95B4N-.VQNQ,YJ\FA\+-`R`R6`:*ME MO-H\COC/R7@`7+3FG'DW6.JE0A70)D4^4IW($AA!4X77@)P!VZJED%E6*X2W M7I@#!P#&66^,JP?:2F#FS`:5L8:)!:GDX??>V<:Z2A3Y26.//?GQ&%Q)K?VU MSJ/L9>.OTIK]KCMESQ;3?)H!.]5\P>0!'$/1X^(XE.JA M1!AKJU5MFW4K5;>,,*28X*%@12!\.Y`[NT60W$"X"C1!$D!>:N=XK_L25527 M&%UX39W*,@?_32JK2XT^$)8H"O6H5*`MR&T$"30L31&8N-_2A+#2]6M1>B9) M%8+%A&8;A!-5V!),ILI*5,+05%X!?<0!,1[,"M06?`BIJ\1&J)R@@XFI\K)C M6$X%Z5PN-(H'^N:FA+EF&00NUGG)00(]1Y^9&!L,PVO?0,C9#'I'AE88!S96 M-#E'3,\/_KB!T/I@,!&Y6#OH-MT>N%N5Y"4O]<:W"`.)>"HO=L'7YE!9EF*Q^/O*:J`-N:J1-^$U;PBJYR8&@OY*%#J M@A:D9HFQ)R'%A?56>@YN^/<*,EYZE*II&1L8#!Q#:2"ORJ28B/,"+!14`P^I MR!Q:CB*+:]1G0Y$@G!:5Q>VV+1H310N9KK1#[WM:E<:A*K$43O$YY`9\&$;< MBPBL6^Y."4YYY#@K&`#K,YT#RSN8]![*_\!X-:A1Y(!MK0:5Y<)2D)$Y6IS. M-*@(^#D_9#-)J>3288;#S4T^3,#$IICAH')#V^D:5L2N\!?%SU(EBURC-0(" M*7,.5*XJBDPK"XPT8Z=6X[$DT9K0R@0])UA`5M$486K0XN3"Z52AY)4MM8.W M]P0S!(@(K]=ADV/]$@-X<^X*Z/KNVZ M04.SG(ET"S)I`/H@3%I]F$:M(5!AA:D?99(,..:1>ZD*)&0R;BBIJ=B<@:+@ MQA2LK6!6$(I`#\62"V$X`JPSKIW".4C9X$_?%3QFJ@E:C41#8Q^)NO9<;8P7B`[Y"89NA>3]GC'GFV$I^LV4XD\5B[L;F58%+W M:B49``QF8X:0`X-+FS*C^$^\-\:V'**/Z&U'_/SY\XZ'FZJR1%\)?TKQQIAT M?8-1I.P=Y3[\.<#4OLHQL*7H&[%2`NZ1SBV6D>Q`9E/*)CDA(CCS.R`2D$8L M[I\!1Z^0OK@OKB4E#2RM`9F/J2"PZ24L&RX9*C9893[<$&AB((P0F)@:7#RB M%&@!Q+Z#1Z!^4SC$>+=?6\+0[[Q>I/?B'I%]D9O+'+4\ZO=;E5^T.B)Q]Z^S MMCH1W!Z*8Q-O*BS<*Q).$Y[N!4S]\N.K'104_LQ+K>-4\%DJ.\>9O!UM(8/] M+XC]].P#F&MK7))0J`M=6CSD>D^/U&A`*/X^S%O2JX223TZF;N&_WP%$PC)' M#30]J6NRS:W!8DVYZ%0!/`\"2".@5:X+#+#DT8$\B@8<`\/HF&%+KB+B_[%G M_4[7<*O*-3LW(.9Z\-3.3K&_!RI,14,42K`])3&;>-:(TMP0<="9S''FX`_FCZFZ"Z@ORD";U73\R!JG&L4$;=ISIW, M*]/)NEUNXMTJG:';V0ESV3,M]%1O*/=^Y);(I]HJ1S.>6R7QZP`+>H%C9,912H)U!:H&D!=@ MNAV7&RYU2@EXSL7@QJFW:R)6911+:63M2WF%*6!]@J^IEVL0X#ZG,=04$PR< M4$-$QW5)59(!=!!RB4*?R=P79+)2_B9RT1@-WE:B[]N!@!!P*T)#=+P(/0F:-N"H@F,\62 M(3!553B=4B@"=BMI!;J&^\-8&03).]R[7@EP6>](4,7^:USF(!"JTUK8A#=D,UI8U.5&5FS,6` M4@F+6H?!#/07W7!)N3HH2TB5\@K@E:F3E M&S2^4X$..*=#P%QX-.1<%7`=9,@2`Y?)*5V>1B@3THZ9A)[H5@QON`9Q@0LI M:DA#=6:0;0?E6]J_DIL4\/1DBMV4%L,GA=3:Y$,,8=-G6KT!`$7LAF=;"//N M+1H_D!HB-V^:=")FB;$8:P)85+C+>N%"B5/G3*(IIE'X?POY9%3X_8GRR?,H M&M[$$.)\LYN<#D0[/\2DD#/!N%B$V[(ZJP-Y"#0):Q`J=J;!&Z2D[F17%-XW M,F'7H?R6_E&A^=P`9OI-L@'B^A4@`G1D".B!-_26EPJ_2^0JE4$/BM4GJHCX M6.@4N[O6T*23@W:8"85NX2`MA00&_'+9V<]NUZ4ZFD8Y$=8P,^4GC>?\%?6P MT7&W0;STG094XJGQP-:HS]DARI!S1@[V874U'_PRT9R;8,W1_DZ7$,\6T7_[ M]7WET_M(\6^XUA&.NG;#H(/IJ76$7N+J`=8,!F''%?5;*\LR^30Z'\6]*,U< MXBH@[*`P$)4[FU`"1$`L@JQ'7?E\@6+*,6!MR@54$XX'@EQ"QM6.S4!S['UF M%J?U66V/Q[!N&28/J&,IB`.S'\R%$VC+7_5Q^J:;SR".1:KQDR*%FSIA72]E M*]:S#P@;WNI89,KY#<^F0#.5^05AV*ACJH!>#2KB-R9ROV7OIT&)AL%\S='7 M1(D#WGZDDHY_&W8V.:BK.8#].I*'%"_00YUQXF/J!#YAC4,UKRD(.]3]&,BV MT^].Q8DPK\F@`9M$GG'9D?U@O>O?Z+Z<@MFP>T=(6L.3:(I`4%S,FF(5"GTU M8P@:/M8N=05R1>'#8+6:@!M#;&/#,0?$1(U;)RFG/KEC*6+;`9]Q,!$D=&M7 MJI`U(>H$0\"=6]K;Q<,FZ$+"HG'X'L2+2]&;O!&EN'X5[A0$,#4%.;QHUWS0-W^C,+KO1[VU'34`VL"M/`K/!6L^KO'10CE+*QWZIT[J/?%(OUE/75U9X=&`CG1LPKB1]Z M*]6<-MK%(X?R@N]LX`UTY?`C&U]L:AQ*&06G/HH!K6QJ[9H!%4(B-,W>*/U\?'7K\!!_K( M<$:E=]&P7W#O!@3TL\8#O%0M\N<'*:R>J0)+Q6BOH`;-,27^O,W&_N5C!,XD MENE``!G5G)8C7>S[UHYC;UW#N7*E2]8:KN1&%PC$.@P2L$O!DZ M'R0XQ7I.0TEWER4:EJ),ZKFO@2"YKU+[2!$Y,P]NFYH[ST<%3Q,R2V?`@B'' MP",`G10W!KKL4!MJZ!A>SA'/S`!8*SZ`%YZ!YF5F#3:"4Z%OGLDE'F"PS5G& M*`EQOG#?(8%'!`SE2I\%=SCAPU+._PQI9%#70.Q$FU'.[RZ!+\@(;`4O>5_,-8(FW+Z'%DV] MG?=JYI*RLFV]!:,H5DQ(M%`O.8SYE6$J1S$OM`4.@P6"8VZ:PZ"JKE-+_`7Q ML/1[654>K!;<=EU6Q!ZM..H)N!/1QC?"B,0Z:=525TLR>1`;9#/&`T[BAAU^ M#=I[Z?(!IC/UP"=M)"%_:BO!P[75%!$VQ4,LV(=ZB*;DSTPS/9<>_-7[LOUL MZ^:,KL<],5F#^K@D;]Y%G7R=UJ^0/QKO1V((Y%_10%V'-JW6?LVO76C@CX`W M>#%$`+81=WR0A&J,4B--Z<T+?L::K*2^6K,+'2U4;5 MQV-4:^AJY#4BO+E"-@.U=\9XYRZ*?3IO(H,_P]#>ZZGA+R:&"/1["D'MO8[F M&.YQG6FC^CD^CDYR3^K0!Y$:M_;30?">E$*#2C%:#-4C/"_2%B-M6I(`*\JQ M-OFH$_"Z]E@&Q!C6L.0MS28QEYU*:Y-_U^KQIEQ>].EWI," MA0I>#$]4^X-)->AF-VYY-[-!+IL?%Y3M(S3]^=7K"(,#(7S?1Y1--=O5G%'% M6+/5<_N)G5@">&8'_%](,PG4TR<3G;-O7,3@RG*T%5+ONJT4#`$&>'\02GFX MIB*M0&^2.A7K'KI%[%Q__!64T&-#?[)\8]=6;?*T1I4%3B@E)V\ADX56*\Z# M^G9Q!U^T&1JV3\@O#C;RF*!)NVSL+FAO\QN+C1+)SQ":>P_!<_88?R_0?%K@ MJY)3:RX@=YEWO@*`6!%RT0W&^K]A[#^E$LZP/)<6K^8I3_.T^]GQ'0[;-"-M M/4]S_<0]7]C?Y;1--$QIP&&>;P;!6 M.#I'OJ#/`;HN=9>%;)ZY86SI1UIX<+%Y1&C%RNL_4`E$A._FO#_V!3Z)VB[3 M^H@P/`JQO_^SE$]%2E%FFZPPX:XS/H@AD^'C\7CX\/#!\-'AX2,Z`-)WQV6X MXG(DNE^E[%+!K5]*?S5T4^&"(1;JCR<%H7(#+IR=4 M,%D??<1M4?%678H/!F9M+JN(E9$(QUY]RK9!YC6L_*JFYY#_G*8I5HO_3WG: M:5`W9K+-`''KF:!+E^K+S.#%=R>*KNJ@O[\[P;OD2@3#D*K@5:JJ=5%KN!#D MQ>N_M>_K;+KQF/O1H"=<$O(30/9C2[J`,[Z>LWG*K92_\31NHYI;4&&"9M"3 M?<_;-CY;B_6M6`;.%%6[GYWPI;1'`/(`'NK2WW22PI+G?+DQWF[:N25E[]E, M9T?=ZU%.]GO'>@8"\Y/]J:4=W\WQ+R+X:Z=H733;OD:)IWI1R^3_R1ICZ*4% MIM#+C3W$>%;`?T[VPR_JBLW;_?`6EW8W?\7S$;S9UIMN:IX94P(<5+_`C]:% MSJ'<'*YTQNN)=EPI3;<7T:753`?U`=#1&I-VEXQMWQ+]EZ]X01V/"SY:95_M MXCL8S5];W1'9J6US)VT2*(`_KY&7;[&/IP&'8<30O31/]\*SSX?C5P\/#\>/ MQWN`1E)E_4?\?0S<7)5JD3P+ MG/USD,84YKD)L-,M8'M:H3O>L1]@@6T\`S*\A&53.KA="&QSIJ5"SYV!;;Y$ M'K"!CRV"-8'7>^8C]U?4BY&&.4"=Z!S0BJEB>.\-W*."*P"6*27P,3%P/P^Q MI@3J/:P.!2\I0AE;TM2ST4>)1$CNQ\CTH(/XP>4CD`$`4$L#!!0````(`,-Q M.$(EL\+&N`$``*8$```6`!P`9W)A;G@M,C`Q,C$R,CA?8V%L+GAM;%54"0`# M_H`L``00E#@``!#D!``"U4N]OTS`0_=Q)^Q],^%"0ZCA.A=1& M*]-48)I4!.J8Q-4(HS]','EM\0_N]0`K'/&(D>1?@(CS#L4YC& M>$[#SK`CH3D7)V,*G4I6:=YQV8"Q2IN\EBS,5.EH:4SC>''4[?G_T)A?6NZM MH*>I;RG)[_C_TM'UB(U_]R0GO3_ M^C'H?M*.^\)XPB[S'5!+`P04````"`##<3A"K+*_U)\"````"0``%@`<`&=R M86YX+3(P,3(Q,C(X7V1E9BYX;6Q55`D``_Z'`5'^AP%1=7@+``$$)0X```0Y M`0``Q5513]LP&'P&B?_@E8=L$HZ3%+2VHD.HP(14M(D.:6_(C9W66F)'MM.F M_WYV$D-*6U00T_K0UO;Y[OQ]Y^3\HLQ2L*!2,<&'7N@''J`\%H3QV=![^'4# M>][%MZ/#\T\0@I]2D"*F!$Q7X/KJ^^6]*IBF0(E$+[&D)^"2+#"W@)'(\D)3 M"6XY%PNL#;DZ,8/8/S%K^4JRV5R#SZ,O(`J"'HR",`006IV4\3\#^S7%B@)C MCJMA9ZYU/D!HN5SZY52FOI`S9#9VD0-VC@X/#BKPH%1L;<.RZ^`A^GTWGL1S MFF'(N-+6:KU1L8&JYLR`RO9`KW(Z["B6Y2EU=&S3V=RJT-%8W\F%DA* M5+F;4,FHVMO62P[3Y\#\VOL0P"""4:_R5K/^X.FJ;8S0A'%FTSHVPS5)6FK* M"25.U'K;R[AE;^A3$;#2&]]CF\AE+C4G"1&8:ZRH5"A8(SC'-;[#[B M@M1\&87,ACLW4XS773*^NJA8X@11/:3KT-I;16SW:>U5"=X4J37/U M'B>!^72-E].[JN0\G$R M-Z_%2FMKMK(YN*?G0:?=T9[PW(?XGW*V5R"=\\RSL3WLR[EZ.9^0M0 M2P,$%`````@`PW$X0GYK3"-*#0``2:P``!8`'`!G"TR,#$R,3(R.%]L M86(N>&UL550)``/^AP%1_H+S?:C/PQ^/9.K-KZMYC.XQXQ$E;_>&!X,]A,F$AA&Y>[OW M^?9=[_7>K[_\]..;/_5ZZ(K1<#G!(1H_HHOSWT?7?!DE&'$Z31X"AO?1*+P/ MB"QP1N>+98(9>D\(O0\243G?%W],#O;%9XM'%MW-$O3R[!4Z'`Q>]PX'PR'J M]:2=."+?3^6/<<`Q$N((?_MBEB2+TW[_X>'A8#5F\0%E=WUQXE$_+_CBIQ]_ M^"$M?+KBT=8)#T=Y\6'_[Q\N;R8S/`]Z$>&)E+H^D4>G/#U^22>I6`N32%M" M_M7+B_7DH=[PL'FGGQ9+B^K"Y*EXL?;C_OK#G=*10WKH[(.@]=K$[)=9<5YS712K',OELA1ME?T?"^K,@E6E-!YA/G!KGQA MX*1/*%G_%>)(-L1);S#,&T(<^G8I'(LO2!(ECZ-5Q',;J7-O]U0E^D6ELMB6 M5H8Y7;()WJE(_/?-8"YMI3US*XF^@N-+6=V>#'I1L^Q_,.E]OMG[Y08ST03H MJZSTGV_Z&],=B8U==8[8!%$68I;UN$79`9OD!\2O%7*R$OT)%<&U2'JYLO3T M*:-S]57.#5)]<_0[0G8MX9S.@X@H>-WZV`E6E2$@4J$0;2K1S.=S`E/E89%* M_>6V05*.J*M>/GBFB(E!]]O-0/P[$NC]_`'/QYCMM+ZR2&/43`:=N-0>7(KRKAPK'.'"2_,-,`1[$6R#Z? M"8'!UP*E9A`<*"25+N2!5E7+I2O4EGC&75_77=IT!] MJ9M:';JV0EON3/7.%KK3*AR\^=R% M<+4I9ZRS:L%[YN9R=?364MHRKVIO"Y":0/!)YL>`L4`&AZ%'UA<%X%4O``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`Z_GR\HQ^$G ME(`-)YZ=UH\OHFPFQ:I1Q/]@BV-/Y](M=X_;X!')Y' M]U&(2<;W3?^__9=UR&!N_V'P.O9[#]KUW[%6]:VX=M"#DDS MC5`5@LL=P0[V7R*&T2T+")^NTS!>\D9@HW,MN9WFC'3#:24<[>S$HL]^ZHN" M[L4"G@$M[[X`E0,%T:XCNJ;LKG=<,61"+<'QM!8D8BR* M5XEH2[JMWBBXLIL;:Z MP>P^FN#AX7A81;CUF2[$UY7G'`%%@V(23,(^92@S^PJ]%)9[PU>0P>'#0UVP MP#C7MM>QYD]KDX"[+!Q,^^(EFA%V[K*[6D=C^]OU38#VH? M5;O1* M8:ZGU6&.8>%(YS1O&L-(\RXPGM^??(Z3((JKOB5841[FOY/B&U>78S6 MAH"_$PCGARX.FKG0P?XBU83YP>[3E,*;DSZA9/U7 MB*.>/-(;#'M'PS1`Q*%OYW2RE#=W;X6EG0M>^K@Q_CI#[G=$LTJ1K!4"E M.IZM1;:)L,[1G%CSQ>\`T"O,(AI>D/`\2$RD;I<#059I&H[==?5(U(^D`6B, M&ZNOY+F&\*[05CJO8MR`38NP7Y`D2AZO\9U\."`@R<=@KF)=6B>$C3)^/C(/=+?O*GSOA MK#3E_K1(7BN2U4(QW%BKCEU[F6V#JW2U"*P!`3];@#'*%WB2++EBLES^W&FS M+Z4I9R8WU8+-B9W$ZJ"LH;/M[;R4OA;W\#)`T,[K+J[5<"J+@;[DXAH4U=*[ M(?;1-2"SKN*UZ#;0W3;#)M]-[[$H(^,MO7Q).?Y`26E&6_K8-7E<,@22*T:R M6I36"_O"[L:236GA>FH[2`F7/-[)`&MP\+T1Z.@^B(2**!;SYJN9L*_H=DVE M@;8#U<13>HFJ@XK%:!% M;R_%;^)8?DC\&`<
<^^$C^^1]F6=D"=H()8=!U`T#`C)1 MJ9"S8?#MZT?:"][__?K5R1^4DB]:I8L$4C)9DP]G_XPNS$)8($9-[8IK."2C M=,FE`YRJO%A8T.23E&K)+08WAWB1=`]QKUAK,9M;\O;T3Q*'88_&81012AU/ M)N2_`_7R1QR3H4TUDFM#AHQ,'Y]K!(O=@]*LA/AKF@-HVZ)1C$]BKJE M21M"IR+;HIEI+M-"BU+()1BKM)DN9-I-5(YAHSB*XU[CM(O_@X6YPYO1W[%J\Q9:W"/GNMS8XH.JQUIE<`%3XGZ_77S:9C*0=&=J MR;1F;I]=@A9@.L2K'-AU`<..$7F10;TVUS#=&0/K%^*OF[.0AC&->ZX7;ZJH MYS);=]B-L$*#`6G]'(QQ88L42@LRA;2F=>KVDN[B;P@RE31C!ID;.J6#9B;! M)J3EI9(JQPA511>&+0R=<5ZXPO:95+*Z2D&X4>O3,-J,VAM8B2^O34ZWR]G+5?*I%)ED8)%2%D\:S@.#-K31N#X-^0)1.0:/C MAMYS,8LI:`WIN$IYITHO$9W5@$?^>+ND->=.G?H MQ\?Q7SN][@[D]^Y(>U8OT_-\EG.5H;Z/`.:,6_[+'_Q:*)[P";"%[?\QG1O2 MT<18S1.[PWM:@$_OBQ>00NZG$XG/\1WT9N&NS/O`+T?J53%Y1B=Y8"8VUOZ` M_,I5"JWF8H)O_VG35Z)K7^FAJ[S@1/?RSMX]SGG[%`L``00E#@``!#D!``#-5EU/VS`4 M?6;2_H/7%V\2CI.4:6W5#"$8"`FF"9BT-^0F3FO-L3-_M.7?W'.OSXFOCSL\G%<23;FQ0JL,)U&,$5>Y+H0:9_CWS2GIX_?-, MBE+P`A1*7G'EU@`K:TZV%O:)D)1G\0)Z288=G9OR&`67#,+(82XKH4J=1/L#0/U M0HT3T(K;*.%54M>>?AV<3P,NN$G9B3]J7?UH9'P*S%&"VA[EGA(4VA MQ,(8-)0NEBNW+9C)-[IL;`PTT34W3H#@EGV'_B=-!2]WU00E0HEWJTBRT:Z* MH(3+=RDF9W)7,5"2>_E6$S>D*V<*@K4#-P1!VCBT<-@+G3>9+>80(M(Z!`F/ M2)+":8[F%DQ2/6F/S]D+?3V#5N.K&"P-\24,')MKI2MXL]&*FXT9JQLSHURZ MI;^1I;\]QV>;);Z(4-/`\CP:ZRDU)EPQ,7P3<*TPAC&)4Y+VMBZ_K`Y5=%G5 M,GBX#)$2$HX:3!]VQH<;(=P=`Y@TH8N;<"1PX4U##V[()FYE#0I=,:'.':\" M$"-19!CN[MOK&#Y=T'QPR:L1-QA9/[)..!_:G!GMZPPOUH$_$M5"0X8WR]Z< MZ7%8LI\>I-]V8KI9%I@.Z6([X><]4$L!`AX#%`````@`PW$X0J%#Y`'X&``` M(F```!(`&````````0```*2!`````&=R86YX+3(P,3(Q,C(X+GAM;%54!0`# M_H`Q0````(`,-Q.$(EL\+&N`$``*8$ M```6`!@```````$```"D@409``!G"TR,#$R,3(R.%]C86PN>&UL550% M``/^AP%1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`PW$X0JRRO]2?`@`` M``D``!8`&````````0```*2!3!L``&=R86YX+3(P,3(Q,C(X7V1E9BYX;6Q5 M5`4``_Z'`5%U>`L``00E#@``!#D!``!02P$"'@,4````"`##<3A"?FM,(TH- M``!)K```%@`8```````!````I($['@``9W)A;G@M,C`Q,C$R,CA?;&%B+GAM M;%54!0`#_H`Q0````(`,-Q.$(=A,6B M6`,``*P1```6`!@```````$```"D@=4K``!G"TR,#$R,3(R.%]P&UL550%``/^AP%1=7@+``$$)0X```0Y`0``4$L!`AX#%`````@`PW$X0DR5 MZMN_`@``8`D``!(`&````````0```*2!?2\``&=R86YX+3(P,3(Q,C(X+GAS M9%54!0`#_H
XML 11 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

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

" + text[p] + "

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

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 12 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Grand Prix Investors Fund

Investment Objective

The Grand Prix Investors Fund (the “Grand Prix Fund” or the “Fund”) seeks long-term total return.

Fees and Expenses

The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (USD $)
Grand Prix Investors Fund
Maximum Sales Charge (Load) Imposed on Purchases none
Maximum Deferred Sales Charge (Load) none
Maximum Sales Charge (Load) on Reinvested Dividends none
Redemption Fee (as a percentage of amount redeemed within six months of purchase) 1.00%
Wire Transfer Fee 20

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

Annual Fund Operating Expenses
Grand Prix Investors Fund
Management Fees 1.95%
Distribution (and/or Service) (12b-1) Fees 0.25%
Other Expenses none
Acquired Fund Fees and Expenses [1] 0.04%
Total Annual Fund Operating Expenses 2.24%
[1] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund).

Example

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
Grand Prix Investors Fund
232 715 1,225 2,626
~ http://xbrl.sec.gov/rr/role/ExpenseExampleNoRedemption column dei_LegalEntityAxis compact fil_S000030094Member column rr_ProspectusShareClassAxis compact * row primary compact * ~

Portfolio Turnover

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.  For the fiscal year ended July 31, 2012, the Fund’s portfolio turnover rate was 406.15%.

Principal Investment Strategies

Under normal circumstances, the Fund will invest at least 80% of its net assets plus borrowings in the domestic and foreign equity and debt securities of “Formula 1 Sponsor Companies.”   For this purpose, the Fund’s investment adviser, Autosport Fund Advisors, Inc. (“Autosport” or the “Adviser”), defines Formula 1 Sponsor Companies as companies that, directly, or indirectly through an affiliate, sponsor Formula 1 teams (through on-car branding or by serving as a technical partner or supplier), Formula 1 drivers or Formula 1 races (including through trackside advertising), or that sponsor the Formula One Administration or the Federation of International Autosport.  At present, there are approximately 300 Formula 1 Sponsor Companies.

 

The Fund will normally hold both common stocks and debt securities, generally with 40% to 80% of its net assets invested in common stocks and 20% to 60% of its net assets invested in debt securities, including cash equivalents or money market funds.  The Fund may invest up to 100% of its assets in cash equivalents and money market funds as a defensive measure in response to adverse market conditions.  The Fund may invest in equity securities of any market capitalization.  The adviser intends to invest in domestic and foreign debt securities of any maturity that are investment grade (generally, having a Standard & Poor’s rating of “BBB” or better, or a Moody’s rating of “Baa” or better) or, if unrated, determined by the adviser to be of comparable quality.  However, the adviser may also invest, without limitation, in non-investment grade corporate bonds rated below “Baa” by Moody’s or below “BBB” by S&P (also known as “junk” bonds).  The Fund may invest in other equity and debt securities, including shares of other investment companies (such as ETFs).  The Fund may purchase foreign and emerging market securities, including sponsored ADRs. The Fund may also buy and write (i.e., sell) put and call options.

 

Once a portfolio security of a Formula 1 Sponsor Company has been purchased, the Fund typically will hold that security for as long as the security is in the universe of Formula 1 Sponsor Companies.  Although the Adviser will typically sell the security of a company that no longer qualifies as a Formula 1 Sponsor Company, the Adviser may retain such a portfolio security for an extended period to avoid sale at an inopportune time.

Principal Risks of Investing in the Fund

Formula 1 Sponsor Company Security Risk.  The Fund’s policy of investing primarily in Formula 1 Sponsor Companies may inhibit the Fund’s ability to participate in certain attractive investment opportunities.  Formula 1 Sponsor Companies may change from year to year, which may result in well-established companies with strong track records no longer fitting within the investment objective of the Fund.  Because the Fund selects from a small universe of companies (approximately 300), the Fund also runs a greater risk of loss than a fund that invests in a wider range of securities.  A related risk is that popularity of Formula 1, or the teams that race in it, may decline among fans and sponsors.  If this happens, the Fund’s investment objective may require it to invest in fewer companies or weaker companies.  Any negative market, economic or other developments affecting the racing industry could have a major effect on the value of the Fund’s investments.

 

Individual Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, political events and numerous other factors. All equity securities are subject to these risks.

 

Debt Security Risk.  Debt securities are subject to inherent market risks and fluctuations in value due to changes in interest rates, earnings, economic conditions, quality ratings and other factors beyond the control of the Adviser.

 

Credit Risk.  Credit risk is the possibility that an issuer will default on a debt security by failing to pay interest or principal when due.  There is a possibility that issuers of debt securities in which the Fund invests may default in the payment of interest or principal on the securities when due, which would cause the Fund to lose money.

 

Risk Associated with Non-Investment Grade Securities.  Debt securities rated below investment grade, also known as junk bonds, generally entail greater market, credit and liquidity risks than investment grade securities.

 

Sector Risk.  The Fund may be, at various times, overweighted in one or more industry sectors.  That is, the Fund may invest a significant percentage of its assets in the securities of a single sector.  When the Fund is overweighted in a sector, any negative developments affecting that sector will have a greater impact on the Fund than a fund that is not overweighted in the sector.

 

Foreign Investment Risk.  The Fund may invest in foreign equity and debt securities.  Foreign investments, including ADRs, may be riskier than U.S. investments for many reasons, including changes in currency exchange rates; unstable political, social and economic conditions; possible security illiquidity; a lack of adequate or accurate company information; differences in the way securities markets operate; less secure foreign banks or securities depositories than those in the U.S.; less standardization of accounting standards and market regulations in certain foreign countries; and varying foreign controls on investments. Investing in emerging markets involves not only the risks described above with respect to investing in foreign securities, but also other risks, including exposure to economic structures that are generally less diverse and mature, and to political systems that can be expected to have less stability, than those of developed countries.

 

Smaller Capitalization Stock Risk.   The earnings and prospects of smaller capitalization companies are more volatile than those of larger companies, they may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of a particular asset class or individual security in which the Fund invests may prove to be incorrect, and there is no guarantee that the Adviser’s judgment will produce the desired results.  In addition, the Fund may allocate its assets so as to under-emphasize or over-emphasize investments under the wrong market conditions, in which case the Fund’s value may be adversely affected.

 

Limited History of Operations; Dependence on Portfolio Manager. The Fund is a recently formed mutual fund and has limited history of operations.  In addition, the Adviser is recently formed and has not previously managed a mutual fund.  The Adviser is also dependent on the expertise and experience of its portfolio manager, who is the sole owner of the Adviser.  While the Adviser has another officer and another employee who are familiar with the investment strategy of the Adviser and assist the portfolio manager in his management of the Fund, there is no assurance that they would be able to manage the Fund if he were unavailable to do so for an extended period.

 

Options.  The seller (writer) of a call option which is covered (e.g., the writer holds the underlying security) gives up the opportunity for gain on the underlying security above the exercise price of the option. The seller of an uncovered call option assumes the risk of a theoretically unlimited increase in the market price of the underlying security above the exercise price of the option. To the extent the premium received does not cover the difference in the market price and the exercise price, the seller will incur substantial losses when it is obligated to purchase the underlying securities at the higher market price, and sell such securities to the option holder at the lower option price.  The buyer of a call option assumes the risk of losing its entire premium invested in the call option. The seller (writer) of a put option which is covered (e.g., the writer has a short position in the underlying security) gives up the opportunity for gain on the underlying security below the exercise price of the option. The seller of an uncovered put option assumes the risk of a decline in the market price of the underlying security below the exercise price of the option.  The seller will suffer substantial losses to the extent the premium received is less than the difference between the option price and the market price of the securities. The buyer of a put option assumes the risk of losing its entire premium invested in the put option.  A small investment in options could have a potentially large impact on the Fund’s performance; certain gains or losses could be amplified, increasing movements in the share price of the Fund. The use of options involves risks that may be different from the risks associated with investing directly in the underlying assets, including the risk that changes in the value of an option held by the Fund may not correlate with the Fund’s other investments.

Investments in Other Investment Companies Risk.  Investments in other investment companies, including ETFs (which may, in turn invest in equities, bonds, and other financial vehicles), may involve duplication of investment advisory fees and certain other expenses.  If the investment company or ETF fails to achieve its investment objective, the value of the Fund’s investment will decline, adversely affecting the Fund’s performance.

 

Portfolio Turnover Risk. High portfolio turnover results in higher transactional and brokerage costs, which reduce the Fund’s return.

Performance

Performance information is not included because as of the date of this Propspectus, the Fund does not have a full calendar year of operations.  In the future, performance information will illustrate the variability of the Fund’s returns by showing changes in the Fund’s performance from year to year and showing how the Fund’s average annual returns compare with those of a broad measure of market performance.  Updated performance information is available at 1-800-453-6556 or www.grandprixinvestorfund.com.

~ http://xbrl.sec.gov/rr/role/PerformanceTableData column dei_LegalEntityAxis compact fil_S000030094Member row primary compact * ~
~ http://xbrl.sec.gov/rr/role/MarketIndexPerformanceData column dei_LegalEntityAxis compact fil_S000030094Member row primary compact * row rr_PerformanceMeasureAxis compact * ~
XML 13 R5.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Jul. 31, 2012
Registrant Name dei_EntityRegistrantName Grand Prix Investors Trust
Central Index Key dei_EntityCentralIndexKey 0001496315
Amendment Flag dei_AmendmentFlag false
Prospectus Date rr_ProspectusDate Dec. 28, 2012
Grand Prix Investors Fund
 
Risk/Return: rr_RiskReturnAbstract  
Objective [Heading] rr_ObjectiveHeading

Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Grand Prix Investors Fund (the “Grand Prix Fund” or the “Fund”) seeks long-term total return.

Expense [Heading] rr_ExpenseHeading

Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The tables describe the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

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

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading

Portfolio Turnover

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the Example, affect the Fund's performance.  For the fiscal year ended July 31, 2012, the Fund’s portfolio turnover rate was 406.15%.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 406.15%
Expense Example [Heading] rr_ExpenseExampleHeading

Example

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.  The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods.  The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses are as described in the Fees and Expenses table.  Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading

Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Under normal circumstances, the Fund will invest at least 80% of its net assets plus borrowings in the domestic and foreign equity and debt securities of “Formula 1 Sponsor Companies.”   For this purpose, the Fund’s investment adviser, Autosport Fund Advisors, Inc. (“Autosport” or the “Adviser”), defines Formula 1 Sponsor Companies as companies that, directly, or indirectly through an affiliate, sponsor Formula 1 teams (through on-car branding or by serving as a technical partner or supplier), Formula 1 drivers or Formula 1 races (including through trackside advertising), or that sponsor the Formula One Administration or the Federation of International Autosport.  At present, there are approximately 300 Formula 1 Sponsor Companies.

 

The Fund will normally hold both common stocks and debt securities, generally with 40% to 80% of its net assets invested in common stocks and 20% to 60% of its net assets invested in debt securities, including cash equivalents or money market funds.  The Fund may invest up to 100% of its assets in cash equivalents and money market funds as a defensive measure in response to adverse market conditions.  The Fund may invest in equity securities of any market capitalization.  The adviser intends to invest in domestic and foreign debt securities of any maturity that are investment grade (generally, having a Standard & Poor’s rating of “BBB” or better, or a Moody’s rating of “Baa” or better) or, if unrated, determined by the adviser to be of comparable quality.  However, the adviser may also invest, without limitation, in non-investment grade corporate bonds rated below “Baa” by Moody’s or below “BBB” by S&P (also known as “junk” bonds).  The Fund may invest in other equity and debt securities, including shares of other investment companies (such as ETFs).  The Fund may purchase foreign and emerging market securities, including sponsored ADRs. The Fund may also buy and write (i.e., sell) put and call options.

 

Once a portfolio security of a Formula 1 Sponsor Company has been purchased, the Fund typically will hold that security for as long as the security is in the universe of Formula 1 Sponsor Companies.  Although the Adviser will typically sell the security of a company that no longer qualifies as a Formula 1 Sponsor Company, the Adviser may retain such a portfolio security for an extended period to avoid sale at an inopportune time.

Risk [Heading] rr_RiskHeading

Principal Risks of Investing in the Fund

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Formula 1 Sponsor Company Security Risk.  The Fund’s policy of investing primarily in Formula 1 Sponsor Companies may inhibit the Fund’s ability to participate in certain attractive investment opportunities.  Formula 1 Sponsor Companies may change from year to year, which may result in well-established companies with strong track records no longer fitting within the investment objective of the Fund.  Because the Fund selects from a small universe of companies (approximately 300), the Fund also runs a greater risk of loss than a fund that invests in a wider range of securities.  A related risk is that popularity of Formula 1, or the teams that race in it, may decline among fans and sponsors.  If this happens, the Fund’s investment objective may require it to invest in fewer companies or weaker companies.  Any negative market, economic or other developments affecting the racing industry could have a major effect on the value of the Fund’s investments.

 

Individual Security Risk.  The value of the Fund may decrease in response to the activities and financial prospects of individual securities in the Fund’s portfolio.

 

Stock Market Risk. Stock prices can decline overall due to changes in the economic outlook, interest rates, political events and numerous other factors. All equity securities are subject to these risks.

 

Debt Security Risk.  Debt securities are subject to inherent market risks and fluctuations in value due to changes in interest rates, earnings, economic conditions, quality ratings and other factors beyond the control of the Adviser.

 

Credit Risk.  Credit risk is the possibility that an issuer will default on a debt security by failing to pay interest or principal when due.  There is a possibility that issuers of debt securities in which the Fund invests may default in the payment of interest or principal on the securities when due, which would cause the Fund to lose money.

 

Risk Associated with Non-Investment Grade Securities.  Debt securities rated below investment grade, also known as junk bonds, generally entail greater market, credit and liquidity risks than investment grade securities.

 

Sector Risk.  The Fund may be, at various times, overweighted in one or more industry sectors.  That is, the Fund may invest a significant percentage of its assets in the securities of a single sector.  When the Fund is overweighted in a sector, any negative developments affecting that sector will have a greater impact on the Fund than a fund that is not overweighted in the sector.

 

Foreign Investment Risk.  The Fund may invest in foreign equity and debt securities.  Foreign investments, including ADRs, may be riskier than U.S. investments for many reasons, including changes in currency exchange rates; unstable political, social and economic conditions; possible security illiquidity; a lack of adequate or accurate company information; differences in the way securities markets operate; less secure foreign banks or securities depositories than those in the U.S.; less standardization of accounting standards and market regulations in certain foreign countries; and varying foreign controls on investments. Investing in emerging markets involves not only the risks described above with respect to investing in foreign securities, but also other risks, including exposure to economic structures that are generally less diverse and mature, and to political systems that can be expected to have less stability, than those of developed countries.

 

Smaller Capitalization Stock Risk.   The earnings and prospects of smaller capitalization companies are more volatile than those of larger companies, they may experience higher failure rates than larger companies and normally have a lower trading volume than larger companies, which may tend to make their market price fall more disproportionately than larger companies in response to selling pressures.

 

Investment Style Risk.  The Adviser’s judgments about the attractiveness, value and potential appreciation of a particular asset class or individual security in which the Fund invests may prove to be incorrect, and there is no guarantee that the Adviser’s judgment will produce the desired results.  In addition, the Fund may allocate its assets so as to under-emphasize or over-emphasize investments under the wrong market conditions, in which case the Fund’s value may be adversely affected.

 

Limited History of Operations; Dependence on Portfolio Manager. The Fund is a recently formed mutual fund and has limited history of operations.  In addition, the Adviser is recently formed and has not previously managed a mutual fund.  The Adviser is also dependent on the expertise and experience of its portfolio manager, who is the sole owner of the Adviser.  While the Adviser has another officer and another employee who are familiar with the investment strategy of the Adviser and assist the portfolio manager in his management of the Fund, there is no assurance that they would be able to manage the Fund if he were unavailable to do so for an extended period.

 

Options.  The seller (writer) of a call option which is covered (e.g., the writer holds the underlying security) gives up the opportunity for gain on the underlying security above the exercise price of the option. The seller of an uncovered call option assumes the risk of a theoretically unlimited increase in the market price of the underlying security above the exercise price of the option. To the extent the premium received does not cover the difference in the market price and the exercise price, the seller will incur substantial losses when it is obligated to purchase the underlying securities at the higher market price, and sell such securities to the option holder at the lower option price.  The buyer of a call option assumes the risk of losing its entire premium invested in the call option. The seller (writer) of a put option which is covered (e.g., the writer has a short position in the underlying security) gives up the opportunity for gain on the underlying security below the exercise price of the option. The seller of an uncovered put option assumes the risk of a decline in the market price of the underlying security below the exercise price of the option.  The seller will suffer substantial losses to the extent the premium received is less than the difference between the option price and the market price of the securities. The buyer of a put option assumes the risk of losing its entire premium invested in the put option.  A small investment in options could have a potentially large impact on the Fund’s performance; certain gains or losses could be amplified, increasing movements in the share price of the Fund. The use of options involves risks that may be different from the risks associated with investing directly in the underlying assets, including the risk that changes in the value of an option held by the Fund may not correlate with the Fund’s other investments.

Investments in Other Investment Companies Risk.  Investments in other investment companies, including ETFs (which may, in turn invest in equities, bonds, and other financial vehicles), may involve duplication of investment advisory fees and certain other expenses.  If the investment company or ETF fails to achieve its investment objective, the value of the Fund’s investment will decline, adversely affecting the Fund’s performance.

 

Portfolio Turnover Risk. High portfolio turnover results in higher transactional and brokerage costs, which reduce the Fund’s return.

Risk Lose Money [Text] rr_RiskLoseMoney

There is a possibility that issuers of debt securities in which the Fund invests may default in the payment of interest or principal on the securities when due, which would cause the Fund to lose money.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading

Performance

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not included because as of the date of this Propspectus, the Fund does not have a full calendar year of operations.  In the future, performance information will illustrate the variability of the Fund’s returns by showing changes in the Fund’s performance from year to year and showing how the Fund’s average annual returns compare with those of a broad measure of market performance.  Updated performance information is available at 1-800-453-6556 or www.grandprixinvestorfund.com.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 800-453-6556
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.grandprixinvestorfund.com
Grand Prix Investors Fund | Grand Prix Investors Fund
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) rr_MaximumDeferredSalesChargeOverOther none
Maximum Sales Charge (Load) on Reinvested Dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption Fee (as a percentage of amount redeemed within six months of purchase){neg} rr_RedemptionFeeOverRedemption (1.00%)
Wire Transfer Fee rr_ShareholderFeeOther 20
Management Fees rr_ManagementFeesOverAssets 1.95%
Distribution (and/or Service) (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets none
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.04% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.24%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 232
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 715
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,225
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,626
[1] Acquired Fund Fees and Expenses are the indirect costs of investing in other investment companies. The operating expenses in this fee table will not correlate to the expense ratio in the Fund's financial highlights because the financial statements include only the direct operating expenses incurred by the Fund).
XML 14 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 3 47 1 true 2 0 false 2 false true R1.htm 010000 - Document - Risk/Return Summary {Unlabeled} Sheet http://xbrl.sec.gov/rr/role/RiskReturn Risk/Return Summary false true R5.htm 030000 - Document - Risk/Return Detail {Unlabeled} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetail Risk/Return Detail true false All Reports Book All Reports granx-20121228.xml granx-20121228.xsd granx-20121228_cal.xml granx-20121228_def.xml granx-20121228_lab.xml granx-20121228_pre.xml true true