0000894189-12-005633.txt : 20120928 0000894189-12-005633.hdr.sgml : 20120928 20120928171250 ACCESSION NUMBER: 0000894189-12-005633 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20120928 DATE AS OF CHANGE: 20120928 EFFECTIVENESS DATE: 20120928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Portfolio Series CENTRAL INDEX KEY: 0001511699 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22525 FILM NUMBER: 121117547 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-287-3700 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Portfolio Series CENTRAL INDEX KEY: 0001511699 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-172080 FILM NUMBER: 121117548 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-287-3700 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 0001511699 S000038237 ATAC Inflation Rotation Fund C000117903 Investor Class Shares 485BPOS 1 atac_bxbrl.htm POST EFFECTIVE AMENDMENT FOR XBRL atac_bxbrl.htm

Filed with the Securities and Exchange Commission on September 28, 2012

1933 Act Registration File No. 333-172080
1940 Act File No. 811-22525
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549
 
FORM N-1A
 
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
[
X
]
Pre-Effective Amendment No.
   
[
 
]
Post-Effective Amendment No.
58
 
[
X
]
 
and/or
 
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
[
X
]
Amendment No.
59
 
[
X
]
 
(Check appropriate box or boxes.)

MANAGED PORTFOLIO SERIES
(Exact Name of Registrant as Specified in Charter)
 
615 East Michigan Street
Milwaukee, WI  53202
(Address of Principal Executive Offices, including Zip Code)
 
Registrant’s Telephone Number, including Area Code:  (414) 287-3700
 
James R. Arnold, President and Principal Executive Officer
Managed Portfolio Series
615 East Michigan Street
Milwaukee, WI  53202
(Name and Address of Agent for Service)
 
Copy to:
Scot Draeger, Esq.
Bernstein, Shur, Sawyer & Nelson P.A.
100 Middle Street
P.O. Box 9729
Portland, ME 04104-5029

It is proposed that this filing will become effective (check appropriate box)
[
X
]
immediately upon filing pursuant to paragraph (b)
[
 
]
On April 30, 2010 pursuant to paragraph (b)
[
 
]
60 days after filing pursuant to paragraph (a)(1)
[
 
]
on (date) pursuant to paragraph (a)(1)
[
 
]
75 days after filing pursuant to paragraph (a)(2)
[
 
]
on (date) pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:
[
 
]
This post-effective amendment designates a new effective date for a previously filed post- effective amendment.

Explanatory Note: This Post-Effective Amendment (“PEA”) No. 58 to the Registration Statement of Managed Portfolio Series (the “Trust”) on Form N-1A hereby incorporates Parts A, B and C from the Trust’s PEA No. 49 on Form N-1A filed on September 10, 2012.  This PEA No. 58 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 49 to the Trust’s Registration Statement.
 
 
 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that this Post-Effective Amendment No. 58 meets all of the requirements for effectiveness under Rule 485(b) and the Registrant has duly caused this Post-Effective Amendment No. 58 to its Registration Statement on Form N-1A to be signed below on its behalf by the undersigned, duly authorized, in the City of Milwaukee and State of Wisconsin, on the 28th day of September, 2012.

Managed Portfolio Series

By:  /s/ James R. Arnold                     
     James R. Arnold
     President


Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed below by the following persons in the capacities indicated on the 28th day of September, 2012.

Signature
 
Title
     
/s/ Roel C. Campos*
 
Trustee
Roel C. Campos
   
     
/s/ Robert J. Kern*
 
Trustee
Robert J. Kern
   
     
/s/ David A. Massart*
 
Trustee
David A. Massart
   
     
/s/ Leonard M. Rush*
 
Trustee
Leonard M. Rush
   
     
/s/ David M. Swanson*
 
Trustee
David M. Swanson
   
     
/s/ James R. Arnold
 
President and Principal Executive Officer
James R. Arnold
   
     
/s/ Brian R. Wiedmeyer
 
Treasurer and Principal Financial Officer
Brian R. Wiedmeyer
   
     
*By:
/s/ James R. Arnold
   
 
James R. Arnold, Attorney-In Fact pursuant to Power of Attorney
   
 
 
 
 
 

 

 
INDEX TO EXHIBITS

Exhibit
Exhibit No.
Instance Document
EX-101.INS
Schema Document
EX-101.SCH
Calculation Linkbase Document
EX-101.CAL
Definition Linkbase Document
EX-101.DEF
Label Linkbase Document
EX-101.LAB
Presentation Linkbase Document
EX-101.PRE

 

 
 

EX-101.INS 2 ck0001511699-20120910.xml INSTANCE DOCUMENT 485BPOS 2012-09-10 0001511699 2012-09-10 Managed Portfolio Series false 2012-09-10 2012-09-10 Because the Fund invests primarily in ETFs, it is considered "non-diversified" and may invest a greater percentage of its assets in the securities of a single issuer and may have fewer holdings than other mutual funds, a decline in the value of an investment in any one issuer could cause the Fund's overall value to decline to a greater degree than if the Fund held a more diversified portfolio. <tt>The Fund pays transaction costs, such as commissions, when it buys and sells<br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when Fund<br />shares are held in a taxable account. These costs, which are not reflected in<br />the annual fund operating expenses or in the Example, affect the Fund's<br />performance.</tt> <div style="display:none">~ http://www.atacfund.com/role/ExpenseExample_S000038237Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The ATAC Inflation Rotation Fund (the "Fund") seeks to achieve absolute positive<br />returns over time.</tt> <tt>This Example is intended to help you compare the costs of investing in the Fund<br />with the cost of investing in other mutual funds. The Example assumes that you<br />invest $10,000 in the Fund for the time periods indicated and then redeem all <br />of your shares at the end of those periods. The Example also assumes that your<br />investment has a 5% return each year and that the Fund's operating expenses<br />remain the same (taking into account the expense limitation for one<br />year).</tt> <tt>To achieve the Fund's investment objective, the Adviser invests the Fund's<br />assets primarily in shares of exchange-traded funds ("ETFs") that track <br />various indices or multiples thereof, sometimes referred to in this Prospectus <br />as "Underlying ETFs."&#xA0;&#xA0;These indices may track the performance of the equity, <br />fixed income and/or commodities markets, in general, or the performance of <br />specific sectors (e.g., a large grouping of companies operating within the <br />market that share similar characteristics) or market segments (e.g., large, <br />medium, or small capitalization domestic and/or foreign companies). Underlying <br />ETFs may also include "inverse" or "short" ETFs that are designed to deliver the <br />opposite return of an index.<br /> <br />The Adviser intends to invest in Underlying ETFs that correspond to one or more<br />asset classes. The Underlying ETFs may hold equity securities (e.g. common and<br />preferred stock) of small, medium and large domestic or foreign companies. <br />Underlying ETFs may also hold fixed income securities such as government and <br />corporate bonds issued by a variety of domestic and foreign entities. These fixed <br />income securities may have varying maturities (e.g. short-term, intermediate or <br />long-term) and credit qualities (e.g. high quality, investment grade or below <br />investment grade, also known as "junk bonds"). In addition, the Fund may invest <br />in Underlying ETFs that hold commodity-linked derivative instruments or invest in <br />the securities of issuers involved in commodity-related businesses, including but <br />not limited to oil refineries, mining companies, and paper mills. The Fund, however, <br />reserves the right to invest all of its assets in any one asset class depending upon <br />market conditions. When investing in Underlying ETFs that track multiples of various<br />indices, the Fund limits its investments in such Underlying ETFs to 25% of total<br />assets at the time of purchase.<br /> <br />"ATAC" in the Fund's name refers to the Adviser's proprietary "Accelerated Time<br />And Capital" investment approach which is designed to target various segments <br />of the investable landscape by allocating primarily between equities and bonds<br />depending on the direction of inflation expectations as dictated by inter-market<br />trends and relative prices. When inflation expectations rise, stocks tend to<br />outperform bonds, and when inflation expectations fall, bonds tend to outperform<br />stocks. The Adviser's ATAC approach allocates into equities, bonds or commodities <br />based on these expectations and attempts to identify specific areas within each <br />asset class in an effort to maximize time span of investment and amount of capital <br />expended in outperforming areas of the market. The Adviser uses a quantitative model <br />that identifies ETFs in which to position the Fund's portfolio. Using ETFs allows for <br />liquid and timely exposure to desired markets and provides the Fund with the ability <br />to reposition holdings in dynamic investing environments.<br /> <br />The Fund can make aggressive moves into or out of any particular asset class on<br />a short-term basis and, as a result, the Adviser expects that the Fund will have<br />a portfolio turnover rate in excess of 100% on an annual basis. The Adviser also<br />anticipates that the Fund's portfolio turnover could exceed 1,000% on an annual<br />basis depending on market conditions. Because the Fund pays transaction costs,<br />such as commissions, when it buys and sells ETFs, a higher portfolio turnover<br />rate may result in higher transaction costs and, when Fund shares are held in <br />a taxable account, in higher taxes. These costs, which are not reflected in the<br />Annual Fund Operating Expenses or in the Example above, affect the Fund's<br />performance.<br /> <br />At the discretion of the Adviser, the Fund may invest its assets in cash,<br />cash equivalents, and high-quality, short-term debt securities and money market<br />instruments for temporary defensive purposes in response to adverse market,<br />economic or political conditions and to retain flexibility in meeting redemptions <br />and paying expenses, which may result in the Fund not achieving its investment <br />objective.</tt> ATAC Inflation Rotation Fund Example Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year. When the Fund has been in operation for a full calendar year, performance information will be shown here. Investment Objective Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time. Principal Risks Shareholder Fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Performance 855-282-2386 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio Turnover <tt>Before investing in the Fund, you should carefully consider your own investment<br />goals, the amount of time you are willing to leave your money invested, and the<br />amount of risk you are willing to take. An investment in the Fund is not a<br />deposit of a bank and is not insured or guaranteed by the Federal Deposit<br />Insurance Corporation or any other governmental agency. Remember, in addition to<br />possibly not achieving your investment goals, you could lose all or a portion of<br />your investment in the Fund over short or even long periods of time. The<br />principal risks of investing in the Fund are:<br /><br />General Market Risk. The Fund's net asset value ("NAV") and investment return<br />will fluctuate based upon changes in the value of its portfolio securities.<br />Certain securities selected for the Fund's portfolio may be worth less than the<br />price originally paid for them, or less than they were worth at an earlier time.<br /> <br />New Fund Risk. The Fund is new with no operating history and there can be no<br />assurance that the Fund will grow to or maintain an economically viable size, <br />in which case the Board may determine to liquidate the Fund.<br /> <br />Adviser Risk. The Adviser has not previously managed a mutual fund.<br /> <br />Management Risk. The Fund may not meet its investment objective or may<br />underperform investment vehicles with similar strategies if the Adviser cannot<br />successfully implement the Fund's investment strategies.<br /> <br />Asset Allocation Risk. The Fund's allocation among Underlying ETFs with various<br />asset classes and investments may not produce the desired results.<br /> <br />Non-Diversified Fund Risk. Because the Fund invests primarily in ETFs, it is<br />considered "non-diversified" and may invest a greater percentage of its assets<br />in the securities of a single issuer and may have fewer holdings than other<br />mutual funds, a decline in the value of an investment in any one issuer could<br />cause the Fund's overall value to decline to a greater degree than if the Fund<br />held a more diversified portfolio.<br /> <br />Limited Holdings Risk. The Fund may invest in a single or small number of<br />Underlying ETFs, which may result in increased volatility.<br /> <br />Portfolio Turnover Risk. A high portfolio turnover rate (100% or more) has <br />the potential to result in the realization by the Fund and distribution to<br />shareholders of a greater amount of capital gains than if the Fund had a low<br />portfolio turnover rate. The Fund anticipates that its portfolio turnover could<br />exceed 1,000% on an annual basis depending on market conditions. This may mean<br />that you would likely have a higher tax liability. Distributions to shareholders<br />of short-term capital gains are taxed as ordinary income under federal tax laws. <br />When purchasing Fund securities through a broker, high portfolio turnover generally <br />involves correspondingly greater brokerage commission expenses, which must be borne <br />directly by the Fund.<br /> <br />ETF Risk. The market price of the shares of an Underlying ETF will fluctuate<br />based on changes in the net asset value as well as changes in the supply and<br />demand of its shares in the secondary market. It is also possible that an active<br />secondary market of an Underlying ETF's shares may not develop and market<br />trading in the shares of the Underlying ETF may be halted under certain<br />circumstances.<br /> <br />Underlying ETFs Expense Risk. The Underlying ETFs have management and other<br />expenses. The Fund will bear its pro rata portion of these expenses and<br />therefore the Fund's expenses may be higher than if it invested directly in<br />securities.<br /> <br />The principal risks resulting from investments in the Underlying ETFs include:<br /> <br />Bond Market Risk. These risks apply to the extent the Underlying ETFs hold<br />fixed-income securities. Interest rate risk is the risk that interest rates <br />may go up resulting in a decrease in the value of the securities held by the<br />Underlying ETFs. Credit risk is the risk that an issuer will not make timely<br />payments of principal and interest.<br /><br />High-Yield Securities Risk. The fixed-income securities held by Underlying ETFs<br />that are rated below investment grade (i.e., "junk bonds") are subject to<br />additional risk factors such as increased possibility of default, illiquidity <br />of the security, and changes in value based on public perception of the issuer.<br /> <br />Large-Cap, Mid-Cap and Small-Cap Companies Risk. An Underlying ETF's investment<br />in larger companies is subject to the risk that larger companies are sometimes<br />unable to attain the high growth rates of successful, smaller companies, especially <br />during extended periods of economic expansion.&#xA0;&#xA0;Securities of mid-cap and small-cap <br />companies may be more volatile and less liquid than the securities of large-cap <br />companies.<br /> <br />Tracking Risk. Although an Underlying ETF may seek to match positively or<br />negatively the returns of an index, the Underlying ETF's return may not match <br />or achieve a high degree of correlation with the return of its applicable index.<br /> <br />Compounding Risk. As a result of mathematical compounding and because most<br />Underlying ETFs have a single day investment objective to track the performance<br />of an index or a multiple thereof, the performance of an Underlying ETF for<br />periods greater than a single day is likely to be either greater than or less<br />than the index performance, before accounting for the Underlying ETF's fees and<br />expenses. Compounding will cause longer term results to vary from the return of<br />the index, particularly during periods of higher index volatility.<br /> <br />Inverse or Short Correlation Risk. If an Underlying ETF is designed to deliver<br />the opposite return of an index, it should lose money when such index rises -- a<br />result that is the opposite from traditional mutual funds. This risk is compounded <br />if the Underlying ETF seeks to achieve a return that is a multiple of the inverse <br />performance of its index.<br /> <br />Aggressive Investment Technique Risk. Some of the Underlying ETFs in which the<br />Fund invests may use investment techniques considered to be aggressive, including <br />using futures contracts, options on futures contracts, securities and indices, <br />forward contracts, swap agreements and similar instruments. Because an Underlying <br />ETF's investment in financial instruments may involve a small investment relative <br />to the amount of investment exposure assumed, it may result in losses exceeding the <br />amounts invested.<br /> <br />Foreign Securities Risk. Foreign companies involve risks not generally<br />associated with investment in the securities of U.S. companies, including risks<br />relating to political, social and economic developments abroad and differences<br />between U.S. and foreign regulatory requirements and market practices, including<br />fluctuations in foreign currencies. These risks are greater in emerging markets.<br /> <br />Derivative Risk. Some Underlying ETFs may use derivative instruments which derive <br />their value from the value of an underlying asset, currency or index. The value of <br />derivatives may rise or fall more rapidly than other investments and it is possible <br />to lose more than the initial amount invested.<br /> <br />Leverage Risk. Some Underlying ETFs may borrow money for leveraging and will<br />incur interest expense.<br /> <br />Short Sales Risk. Underlying ETFs may engage in short sales which could cause an<br />Underlying ETF's investment performance to suffer if it is required to close out<br />a short position earlier than it had intended.<br /> <br />Commodities Risk. Investments by an Underlying ETF in commodity-linked derivative <br />instruments and companies involved in commodity-related businesses may be subject <br />to greater volatility than investments in more traditional securities, particularly <br />if the investments involve leverage. This is because the value of commodity-linked <br />derivative instruments and companies in commodity-related businesses may be affected <br />by overall market movements, commodity index volatility, changes in interest rates <br />or sectors and other factors affecting the value of a particular industry or commodity, <br />such as weather, disease, embargoes, or political and regulatory developments. The use<br />of leveraged commodity-linked derivatives creates an opportunity for increased return, <br />but also creates the possibility for a greater loss.</tt> Fees and Expenses of the Fund Principal Investment Strategies www.atacfund.com <tt>When the Fund has been in operation for a full calendar year, performance<br />information will be shown here. Until such time, inception-to-date performance<br />information as of the end of most recently completed calendar quarter will be<br />available on the Fund's website at www.atacfund.com or by calling the Fund<br />toll-free at 855-ATACFUND (855-282-2386). Performance information, when<br />available, will provide some indication of the risks of investing in the Fund <br />by showing changes in the Fund's performance from year-to-year and by showing <br />how the Fund's average annual returns for certain periods compare with those of <br />a broad measure of market performance.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the Fund.</tt> <div style="display:none">~ http://www.atacfund.com/role/OperatingExpensesData_S000038237Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. <div style="display:none">~ http://www.atacfund.com/role/ShareholderFeesData_S000038237Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> ATACX 0.00 219 728 -0.0025 -0.0200 0.0050 0.0125 2014-12-31 0.0025 0.0216 0.0241 0.0041 0.00 0001511699 ck0001511699:SummaryS000038237Memberck0001511699:S000038237Memberck0001511699:C000117903Member 2012-09-10 2012-09-10 0001511699 ck0001511699:SummaryS000038237Memberck0001511699:S000038237Member 2012-09-10 2012-09-10 0001511699 2012-09-10 2012-09-10 pure iso4217:USD Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year. Pension Partners, LLC (the "Adviser") has contractually agreed to reimburse the Fund for its operating expenses, and may reduce its management fees, in order to ensure that Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, brokerage commissions, interest, taxes and extraordinary expenses) do not exceed 1.75% of the average daily net assets of the Fund. Expenses reimbursed and/or fees reduced by the Adviser may be recouped by the Adviser for a period of three fiscal years following the fiscal year during which such waiver or reimbursement was made if such recoupment can be achieved within the foregoing expense limits. The Operating Expense Limitation Agreement will be in effect and cannot be terminated through at least one year from the effective date of this Prospectus, subject thereafter to termination at any time upon 60 days' written notice by either the Trust or the Adviser through December 31, 2014. The Trust's Board of Trustees (the "Board") must consent to the termination of the Operating Expense Limitation Agreement by the Adviser after one year from the effective date of this Prospectus, which consent shall not be unreasonably withheld. EX-101.SCH 3 ck0001511699-20120910.xsd SCHEMA DOCUMENT 0011 - Document - Document And Entity Information {Elements} link:calculationLink link:presentationLink link:definitionLink 0112 - Document - Risk/Return Summary {Unlabeled} (ATAC Inflation Rotation Fund) link:calculationLink link:presentationLink link:definitionLink 0113 - Schedule - Shareholder Fees link:calculationLink link:presentationLink link:definitionLink 0114 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 0115 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 4 ck0001511699-20120910_cal.xml CALCULATION LINKBASE DOCUMENT EX-101.DEF 5 ck0001511699-20120910_def.xml DEFINITION LINKBASE DOCUMENT EX-101.LAB 6 ck0001511699-20120910_lab.xml LABEL LINKBASE DOCUMENT EX-101.PRE 7 ck0001511699-20120910_pre.xml PRESENTATION LINKBASE DOCUMENT 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; } ZIP 9 0000894189-12-005633-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000894189-12-005633-xbrl.zip M4$L#!!0````(`**)/$']%DI`TR```&F,```9`!P`8VLP,#`Q-3$Q-CDY+3(P M,3(P.3$P+GAM;%54"0`#WQ)F4-\29E!U>`L``00E#@``!#D!``#47%MSXS:6 M?D]5_@-6NY/JWI)DR?(]:4_)MTG7]JUL9R:S+RZ(A"2.24(#D+:5A_GM>RX@ M"5"4VYM-=7E?$EDB@8-S_:3C)%^\ZY5V M(&V4)#UA"YG',M6Y>M=;*]O[\^GWW_WT;X.!N+SXR_1:?,[3)%?B_>"C*DSR M)'Z-5*J,+."K'%^-E+C049FIO.B+F;0J%CH7OYY=?Q"[P[$0RZ)8G>SL/#X^ M#E6\D&:@:<%AI+,=,1A4F_V5Z3P1XF`X/AP>>#]=ZS*/3\38^^K<*%G`XR(& M0D[$[FB\.Q@=#\;CV_'^R>3@9#+^;_]IO5J;9+$LQ)OH+3P\VA_`&^/@@'TX M3C04TS05U_BH%=?**O.@XJ%;Z6EF4@$LS>V[GGMKY'IM7/XQ?!\X\3>GI\?'R\0[]6CR96[^V.#Y\CAI^HU[9)U\KP MZ'CGUX\?;J*ERN2@?8+H?@0/[(_'!\?'P>NRD-$<)$.21`F,CL>CZJU8-7L1 M459%PX5^V($?=EAZSPOL^ZCQ(79*=8KM0,/#>`I99*H?N_K+X4O M&---EC$=5.$3<>L@^/UKT0(F$(#5*3RPQ^UK-![4]V]^YN;B_NQG<5K7>@1DG\ MKI?$=[O[D_VC_;OI_MGY9'P.PMF]/!_L30XN!M/1>#J87AV=3:^N#L^.+T:P MP*1WNG>T?_;E\\U/.VU"-LG[`HJAX\L\OD!O]BWIW.^=UBYK%)(:$-70?)D7 M2;$^AP>,3-_GL7KZ+[7^8VC>.S@<'4Z`W+.]H]%@;W0Y'9R-IN>#@^.]_<.C MR=G%^'`/%ACW3ANU8IH[B=KD\^5\KJ(B>5#?G,_C[7P.B&KS^5HM$@N'RHM/ M,ON#2'XAFT>]TX\REPL(HU^T*>8Z3;2X`:50UF=Z2&%#_Q3.%N/YKE*Y^*:\ MWNN=SF5J%5,9T+&I$E7\_N8:,=JN$3Y-3+$Q)U^,MBM0E-)^=QPEAO7FBXIM"PD._C]J[@]'N[N[1T^#X^`CBP1[]/:G_GK1/'%T,+HY'!X.]P\/QX.CL8#*83":[5X?3B[/+R>1N#)[C;@(G.E.1+*T2 MQ5*)*P`/(LD?E`6TM3)))DV2KN$;<7E[9?LB*41"A[!)K`P81`\1@'?,G@#D M*C*Y%M]_Q^L(*18H1F7$2ID(I`J6)/09%H2`?`"DXBJAK]^_YW,UP"5ZRTC7::Q"-GS@UQI^R-0"&>6`$UYN4+7 MV\#'YLBQ@D^*J0..S!LN+Q4L+46FC1(>`\6J:UBE:V0C;=XZ%>KPGLC5F$P1TC2 MUY@)Q(E=I7*-^9+J(1?^);9E9)@Z[(2'O[O!$TV.=B>''U4V(Y^3EAEDT2JY M^Z`6,F5P,7TBOYNM0-G$?U8/&7/7!*`;U*+S%%QJZV&C'YTO7WO?BG^1Y.`D MM>A>+I=:E)]G_V#,]H4W>+62F[1]S_1V>B[>Y_.4JQ;7NN`/Y)/>H/+W\&/O M+;@8=6_)K4?+1$'HD3,+_`X8X8"V]:(M:E.K-T@VFS03 M>EE"H)1B_T^"U4\HT%6Q5M(X\N2&/^\(!J$:9[*"99APO2GD/;.9#(%B$A^$ M7Q9IDB7.A)!AX`W]Y9"4MQN6\#4]KPWBIL!PO%C_/S"%H\`4&J?19K\G/%TY MA#X]-8T?$JM,C<.?"<0./P=(W>D9*)=ZB@!W+M0`N(?V1R8AWO00RX-?8ZTP M$ICHK_D`*^G2:3@CA`R@3`(2(EJ,TG-`9SI3:!`6P8H2TC'L_0#"__'?GZ:C'YM/C'4J"A!/,9W("@]\L`6!#OZSA!C9 M#_::)T^$A\#1(`B*=[0A**EC!H?`L'N%4`IH7J@F@2@(N9"I."DS.IC-T#-%<@5FFB:_ MN6(]<`?7K3@$QU;)(F](!Y3L2HC@F^[!#38 M(T'SV?!DL;*P!2M,K-*$`F6+'WI%L555_JQ*UV+U-/2?"UZZ#8P'@XYEI237 M#EQOZ1Z3%&G07KO2.1&$V1]R&/BP86@B0G2EG)]N+X:LP'34::.?S9)\6/MR MY'2`I6O[L07XL[=X5!)57[#PR(.S[^PL`NR)8P!YII9#"ERK&8P?("78>"H\,1?,6J:56(91/'0#!P)B,, M:6V2B*V8\,/B=)P,TM^`KZ1D`["0K$]B-\@W)!"XY*^=ZGQ!C[TEHB+@.622 M_P2PX*^&Z9K[ZC.K[W/]F",[>_\H\WOF5P\, MZCU\&:,;TGF_@1F<7Y*JAFMWJRW)L7)HZP%6_8&7\&#R0!%28-?(E.P@M/&L MH)TAAF47+GU0?-+I`VF)MXU1*8&>66F37*$Q])WI(W6S,J0=G?#A@-9$3*'&1 M-90NA3A/#8A?EJANU(I()^/X;%5:2"D6+7= MC?8P->H%$-QAEAR1(/DKVM@#*]43*Z-7Z`,PU^Q-HZHQ'8M;V-[?9`I'/>=8 MU/.M3*Y@"02O7.%(;!`N"G2#1<7()@"V\#82QFM2"24%M;(0^!1YJ11@(\?B M!C;-5/&H0*SDNM$04!')7OV5&SW1S)LX,8J+/Y2*5+DD0N*(L3"J'CR&?[&3 M)`EXKBRG#Q67JUU:R,S?HIY>*"A@ MA)P%VF118(&"XWR,\64.D;?":(`V@/T.2R2>PP]^< MV=B5S)MLLPZ+,J,L")$>:W*P/"5&,3O0AG^H/4R6TU-6A8")HL3*G,0HA`&3 ME0'8H]*6[P;3=H=&OI$_@,W8+F<)!M;P'!I4OJ:UKNC# M2>(U>!R08^-M5?Z0&$W(Q#X/!&G?".26R7O8=[&`6&&9D0^5(F*>6A8,+M<0 M>`P`EA)!MZ\:.BBI2@]NX&Q-0D?N"\J_N>@;9G&LLE50:!@"P0EA3;CVMCHT MJN\3^`+2&L@S_R0(2%;%7:(C5"$$(,':H"51LB(C["P'=&S-[0_<&`0\QKI( MN&_+4!,_DNI<=,3.C5[3EN)_X&5>W@=P72JYO:P?@`?D;'>MOJNLWV^*]Z*C M8A\*LE6][[<;`2\NYR.KPKA)$B763SU+T;SX80+))V&4@8OZ"@\"!3-&R.4#/S.E2&JFKJZWRB1L&'YIKE*14%UK7J/6 M<*&)(&F`'4-P5)6:-FIQVTML05?[FO+QGY6,&;J_JN+;N'?Z7%F_;J@&A]A2 M=7^E1]P=]4X=A1TEU/:1/F.]KG(.G]0CLP:(BIWH@J8V;IR[\/S*V/FY*!W2NE#,W<`H72F"/Y794E7LI=B7E*%$)QP#"`( M6=,/:J&0,>!'>H,0S$RA8WZ$V*:,8C9NX\QFR_"U6ECO]'WC/&MJP]9=V]#0 MJWR`(/*1XM`K.]$$_.*URJB_3$BDJCZY),$F,T#U80RAEI5?U]*`*/NN=8>P M,,7&%998OO^.=`>QEL,#[7?]2$7`DH(YQD[U`(J(=;FZKX9P`INFM:^NN1KP M^K7J#OBN+R;)$6GCU+J]M_5!VBI#_7K,=I2Y4LJ>RY7#FZ_J1.`_/$(%4BK> MS/&_*PE9(5=`0'OF1F=MP;]E8-%YSBU1]VR-'N.5\F(77,,T+9:Z7"SYK)`C ME`3\,$=`;#:K1X-`NR&=1H-KU3"HI-`.CAL':`)DE=958.25FL,8H.A7TM$W-5*K!A@PL?&G$[!L$LZ% M!C.:G1YE&X.VST2^4G/8W0=SJ&L4%;'=8W1=B./UCT-,1OXXQ)G"3F#WF`]C M"T`&/')K%(+1=3UKS)J`4+/1!C^Q=?B$:HQU69:*M[@LY@D(6'%/P#RIPH8B MK=)[)_)ZV M=D\F.=978PPBBU+BG0+%[0-:4L4XK2`N>`5_T??X'D'U<]>F)4AFN.U%XU%- M:Q>6`)/+H_50;$.'07WH_PH46S`Q&`_Z`Q`C5M3"QGJ%PU!LV^?+4)@G_HO^ MY[_P9(CXR+5,-+JF*5FWQ>`7KABSWWK3^S3]:X^[S-ZA>)0A'&<#MLS3$E%$ M466RU(/DP9UZ,K[VA\$$LU<$"RIVY\I0VQ*B9L%'81YA"^68"76 MS=47&YS%P1B3+))\'C65VS&"VT[F);QVE?/EF:\OS#;13O+7FZ]N#2 M2A?8_`;!4ZO%[XH`@?6,8P6;*-;G6+,`MY#,R@Z,8YM:A=/,2IB;O?X%!`:[ M(5T@%"4*J7^(G3H/Z8EKHS\;1OJP)QN.&6QKSXJ7]61I7!\EG"G9NCWD4C:N M3*3)/3;_R2BEU\R$'UP:.Q07'FMI)L-G:&M(Q^OHA2RE:P$2)P-Q2L(`Z=BO M;LX)S\TMV\;E%$M#)1S`W4;?(^K=IHEN,#A= MM\?]<#3.>J.C:%SK6EEX672$3=-ZLY57@FG.<(S2Y.'P:UU4\S1WNX&!H7JV M[P3L(!KK93,1+MO#:B*$H)VC-RTLVD:[.&&C8!%LT8=/VG*U2M?M@==899(O M/Z"*.]J:N*"Q]["NQV+>TXU3&J=T"8@#;:CF4?OR3?O]SC-77MQM747@&%*+ M5*]<]-F34>JIZ)"J!M"TJ$?IUGHP<;\,TX+@TO!,$YAD4H0237P:N]= ML/"?L:T)5O!+&K)*CQ4$"`"S4!C?`$DM@$88A3W1,VHYQ'\`".>INPE$.3/$ M(B6CO`+GLGBB+`B5>,!DV\R$#!?`__XP3(W]/D-Z;AO[&3K:PN#YA MZT@;L1`#$T^S\@CXQG#XFV2HAOUPW)O>LB4E3"VT415:G+**N>0K)=7$4P.T MV/7Q``D.UZNYI$$S+$%A'MD>J0NEN.:REN>=6=:UAU^5LS2)&,"O_*D>EMDS M(!3G<0?G`J\H<\0&PZX[4#=!CI0!>R/'7J*"_@J3MNK0SLE25N$@ MNN);)%B5O_8SSQ7EW/+(3=-4GVX0<2![>J>4YVR):UO=H M@8VN0W4[W"NE4ZYNT-U(8/V"LS$-'=Z6?@N9Z/+6X8' ML6G6P8VO-K>1*+T%5Y]$I$=?N9F$9H#_9)K'GV9>E,0KL70FJSFRYFD:1'>Y M?*9M\1PR<-#<97IQG0"V2C9H-5VWZ5H.I.(PUVVKBPS-#<".BW*;LIZ'\JRL MH`+*I(0AQ;9*-(!,4&*5<-7:?\'5%UO^.7=C_TBR1U MXW"HB8_XDMS[/=_%0X;=4`']W%-JUL/W75)KW;IPE_3:1#]S1X]J2JZ70_5_ M;K/0`"U%-SX#7EZP8C`(.R/.*AC8,)"HMV)6(A9W@;-]VSNQ-0*IS*A]Q:P3 MLV]>\J^.5='AV8!WQ039NV6*MG(37_$-TV8TW9L[NE71,@=/7>'\&YVI[G3# MG_D/(5I0]T,O6%KENX2BVB/X)WW8[IJ!>?^"5Q!!*;>>`_^-&R+$>ZH0$;4; M:<6QLLU?6X.[]06H``MK\XA5<_^U1PQ^Z)P9'5(<=#5D;\BW*7R&6MU*F#M* MQ3BFF^0@-ZPG^6/#KI"&&3^Z*BJ>!5T==UNG=:4A[$1Z+]2W)_AN?TRV$E;8 MP&30,+BT0SW&UO78:L"QRIJV:]>5NWJY`8BOVO='ZT-R'H,1LRY_M.K9.DH( M!E-(@T0-"@0+&N".47WK?#+)3-F^[+SN5G^_?20 ME$[2G<^N&Z>NL7R*[TTB)5$DQ8>$["<<,]83J:K)X&$R)DW/I/*RS762%B2) MC2/(6W*RTR118*D#$W(0RTIFB3ZSN!^_7_<'4+-BB7D3S>_25LC[@^04]+R>05O(RU[&[S@)S MU#HX<9=84]I1L]`+A;:*$3$]7CJ*J8"D,@":.>XEAT]*3G*=%J94:S:@0-%6 MK/D`+&=><['!RGE,M#LBV:(@\]@7A&NAS]K0TN:H-QWU&L\T-:'?]4'QA+54 MFDQ\>AIA@1;C?HOEM\S$2-2AR<(8$,Z*SO&I>+4&97S:B#T,/?(:4*.G3]%$ MS`*7-V/XC_EJ3M>MVEZ,$J\7CKDD08?Q?AK_"G=([ZN9B+,1@*KAI:+[R0:G M>AE&M)OF,8+QEE1QL`1W356)]*$RHV,,H`,08G2OV7#L/8PEIQHDSPK3@UF* M]5\@F0'Q`)+S`0[;Y1SLNR/!K+U(K-"Z1`"R3]YU_04^6,O<38P,T',9FDD. M.E0##X+1I<=Z-G1N+D0;L%,[2EIC:X=C6X9%WT3%N%` MOS8,M_T4#?O*%CL?CY-]1+ST*F=^YKVRV%N7FB+:?X`HR[8=9?EL>!]WMRR% M_JA]6`EHMNWA:R55F7W)1VE\1(%.&WPY@\5+?C2XO)3<0ES)E+,73B-L):;3 M_RR5S-;'"D,W;I-'&?9Z'@+_&`W)H:!L>W^V4(Z7)S0QU7N$'[>1QM/IT1T\ MA>I]1'D#=OC^XX>+X%<[YOOU<7!3#)]B,'%A;ZM,BX#HR7L=2+8YRS._)J;1 MVVHQ4B2@W`-:)PC0ZBB#.=1TP-B9+'+6=YP8%H3+^<%2HD1+((+VVV+6R4&H M\6OI1(#B8R5MTK4*8PSM8O!;B9W*5MF97E(RQ:POS?M_Q)OYS(LO*(_>O5M/I>.1%5JX MY0BB_M-L&$]W,TSXW>J9W^UMAZV!H@Q0:?[D>@Q.U\T\_!TYDI8S\E$!P7%`+JH)@%S62T\7;2F-[ MIBASJGYYVT MMF=#V*F<'6&E--K$BO749IJ&28FC7L+][,*/S)$39DA#A$<)E<6I6PYD7C19 M@+;K^80K!7,A@R9A6ST0%H3$@E!6QBH2OT)0H.[0]=TM(WF;9A&1FD]!-C>^.;FI+M4;9X9_DE_IM4MLF`=5F=G7"+V3?0O(G:S';YPB=-:85L;=L'S8?A-/EM;3@E#UQ7BM?D._X?=DWIS M39LUS6P9UIHSKJ?L][>&)ATD*15/M$LK9E?-@Y$48+4?BZRBK&C*^OAI36;O M#J?R_U-W=U/W@*;1SJ?)GC`'^Q=QAO8O_8(ZN_Q-6\[^(XG<=I=#69_RVEN-=4[B9?LQ3:M@J`:P2/Z0Q_?QJ/G`K? MOVQI$,M'IH-A--W:JG8Z3&DJXJ12VT6'6\_1X=8+=KCS'!WNO&"'>\_1X=Y& M'=9KQ&U07_W<"[OM3KW3K7S%^M$ON^TGT2)>)J.(2MBK=N;W:EW-CS[V=Y+I M]]6J)+\NU=OPHK=37MSP-AK<*+D\CY)%-;BZ>B>U*"4K3H4S86A@Q))PAP2+ MD'SCXCW)^$DA@&E1N;^J5:R65:E@BY>HC\EF).!20^AO_,Z&,=T M>*OS8AQWI3P.\!@2EC(>(/^-263@ACMDO3?<')OR:!%=!K=,.C:=KTBB79-H M%"\?\K-'_<,7I(DF()U&EL%Z4#>.$^MJ:)%"3B^-3<$`=76=G'^<&H/5 M#!",8+3!7DTFJ]GC,&AC[:MP$=(C& M;Q.DZ1#IHL=2=_HB&K$*W`RK`7R:S"5Z1TDA3OVE^DL7*',NK66ZKE8R90`! M\HK`6`P9LOLLLW)#IGOSC;FP%3ST)6 MZS#)ZI21U?MAR>I];[+\!0`L``00E#@``!#D!``#=5]]OVC`0?I_4_\%+7S:I3F(8=$2E M%>N/"0F&%-JMVDL5G`.L)G9FAQ+^^]DAZT+$.>[N^^[.Y_-R5D6 M1^@!I&*"=RUBNQ8"3D7(^*QKW8QQ;WS>[UMGIP>O3EYCC"XO/O9\-.(1XX#Z M>`BI9!FZI1"!#%)`UT$FN(A7Z#R(Z"(*4NT6#1B_GP0*CI#Y#)%>NOW@#U## M)@C-TS3Q'&>Y7-H0S@*)1>[3,T;Z;3@FT#EZA-=C+ M%*L8+)LEG#BWP\&8SB$.,.,J#3BM&!IG3YF23J?CY&_7:,4\E7L9")JGI@9! MM!5AGG`)PV8)ZPPWB9VIT#HU`4^DB,"'*.DJ@:ZE6)Q$8!5KG#5[^J-[3?-65$"6`@\A+'48]W\G>!Y;1X\$ MK42,3,V$K":N")@71@&U9^+!D=(Q*=3?>-WSI"C*H91W/?IMP22$5YK:%8#J M\;"D,](#H*<4I*J,$043B+I6;3-GO]POF-*#9K(P!=$$QGKG,0JD,2&&TB[Z MM2WWK*!.JO]]7G4.O@1,AQM)'U@\64@%,?!T%\L:-GMF/0QX,,MC_J[Z6Y%[ M9O@)TCH%?QJV9VZC=`ZR#KMMP$=^&U.R)ZM4`TE+A_KG+R.R>IP4"$MCW*F&)WM9&0(4A]O7%=VPQ="RW!G.+YA4<_)9()R=)5UVI8 M:*$T5Y$8'D'T_XJM/Q(+\8T7)'YK#Q=:W[T@K37/[4)YZ_DHWSDD"_$[E#ZC MS5Q':9VC^$]W\HGST\76_'%YO._KA^]02P,$%`````@`HHD\09P.C=(5#``` M@^4``!T`'`!C:S`P,#$U,3$V.3DM,C`Q,C`Y,3!?9&5F+GAM;%54"0`#WQ)F M4-\29E!U>`L``00E#@``!#D!``#M7=ERVS@6?>^J_@>VYF6FJK70\A*[XNY2 M+&?&-4[LDMV3S+RD(!*2..&B!BE'^OL&*,(2%X"@+=*`A)/_[TG.-)XA")_`O6V:GUS*@;P6VXT\O6W\\M`W^^/&C`^TI0.T@SKMC!5[7:+?I>_^S M1GAAG';,L\[IUB^C8.';%X:Y]>@*01"_V<:0+HRCGGG4[IVW3?/1/+GHGU[T MS?]M6P?S%7*FL\CXN_4/;-P[:>,49HKJK\:-;W6,@>L:(V(:&B,80O0$[4Z2 MDYN0-'!Y^N%E:XO7[73[NDN_YQ;1TZ%V'\SMO` MB@M2@([!M"#_:U.S-GG4QO71-SO+T&[]1E[X'@4N',&)$2.^B%9S>-D*'6_N MPE;R;(;@Y+)E?>_A,CDQS=/S]"/Z-_#M:S]RHM6- M/PF0%[-H&>0]?XQN4G1`!*P);D)QBR,&7:&\NKM"/G+"[R,8+9#_[0';]/KO MCOIGGZ`WAD@4,"^+G>%\F`$$9X%K0_01PG"(8;P8L%!>.T-^-R>^"3NTZ^4< M^N$KL0OFMC/TR6NNEX"D>C'LLFPJXMWV(2&T.M/@J8M0ER#'?[?7+M=,>OE6 M&Q_""#@N*;(\\&QFF;:]E30!"Y!5$6_6.U&_1]S220P5N&[+2#+.@2.I'#_J MVH[736RZ)$&->/"K<+UAC].VX00LW*@:NGSR9K`&'G#\%T-=IZX3:?R&MI=T MH4HP4TEKQ#C#62!K,8;MYY*IAK0H@P2O_3PZ(X.S%&:XC*!O0YNB)EGMXH,9 MOQB_V@VLU/M<,L8(4+E[L:&S]B_X'UD'@Q]]&^!7V^3U'UTPI=FY8`S=RU;^ M]VXE/&SWO/W+MROR;_/LO->GSCF%@F];#=%+2HC6#QT?8U\*"PJJT*PY=,/$ M=S!Q#;?=0Q.(KB<3:$7.$RPIL+1=<_BVNAE]-%@Z(0$WM(CM"W>Q2$<^RP%F$\'[MR M01@6(.-9-H;P$8S=;%T6&-2,9S,9&8Q)V[&B/*0"FUK&&OF)('NLP9CMU59. MFU92Z!J*+.HIHX7G`;2J5%2,)/7[AT<$2-3U8>6-`[?`.Z1_?\:S&BUCCK_M"'L[_*1E M+$*,+Y@3)J`^?KDI*HMBR:"*<"XJD82AV>MU>F_%D5^'1=_L?`VRJ\Z4MNH8 M7UA:56GB,E04EY'`%YHP*W2W$I`K#%\P^:6^[]F^Q>R*^T$SUVQI5U.7%K?M M)O3Z;T@OCO)FZ+`'=SE&"=]<\UN'\"XL-PBA?=F*T`)N'@9^!)?1M0M)^[UL MA7!*_B'9!Z*T'/)S9`E:ZZX(98(2$C34US(KGA(GQ(Z5)Y:+C"3,3A1FEHEC M)XQ.%6:4F=DDC-XIS*@XDIX0.]\#8IF0]^9+)RLU5L@A-[/)K]$\SVSZ8LS> M=]/+9W4LJ?$D'?7&;@:^OP#N1XPFIW2(ASV/F,T'_*KO^:".>-*:XT\?`+K" M[2$:^#;^I,>3!]^",89_P=@7Y<$+I#GD-3"5UIB:797@ML2T[.;#ZK\0-S,P MC[;F4YLFR#-N%">SDQ2;-8KM,T#$M3SQ'%%IBD81?W&BV0C:T(MKLLR)5DC; M#(NRQM!L*ZA0_;74NW*K?'?C_Z]'@>.629@%.3;-.Z,68',$RG MS;2L>VUT,T@1Z1-\\[JQ!BB:!*X3/.(!;?`$$;,M,BV;1L@K2K:M7K&7<,6> MV=BV?VP`AT@W9=CM@Z[A%:BX-9@VT5J+7"&]4FOQ,D2;W1W,+R?#KEET9<-Q MOGG=6".RJ6ZZ8K;_K$%#>$0\&<=6&:V/UM94XJ>U-5I;(TU%:6V-UM9H;8WR MVIK#4=84SW@DZ(:O))4/0$K0!W?%*1_"E*`'OI)<-NZON*:&OW:@N+R&,]U. MF)WM#;/L5%UQ'1%WE4%Q*5$U'8G\ZB)1#Y-=/Z?,5%5:"JV^4Y(*^U"N3(/R M4]B35A$D4+H*^U7V>B,=>BK<(7E+E92>PF.U7,R;PMXEM/(JBC.VQ))EJ/52^ZZ7HD?[LC@J+)BJ5Q2&>Z\4 M+/=>%L9JH?NE"ZO(2);6QZ\FQ<5N=2GY)*D\K>736CYIM7S2G+G1B$JQ9*!^ M2%)%L:)X81Q%^N.G*K$7BX9)+Z(3X\R-E5079#6QJB)X84_-I^I8?RXQ#W#MQ\@>L*=S#P: MFZ20>`4JG%*Z-22]@B3!"I+("27<]O?JWEL9%6[77X!#/DC85SO>>('">/#! M0RF0YB!7OWPPC_6N[>DU,[W^LX_K/WJ_O+(+(WNR7[XH'E;ZR3ZDB)AH8;!'B1*$JW=#47SZ M+7T(6Y0R2-LX.'S/L&D5'#A#HF678 M$JOFD?6%D/4/<95'Q]AUC%W'V'6,7 M]7#KRS'OW+NU(1W#TC$L'<.2ST\J&\/*CN1CKIM#?88P`HY+9-J'H\JNC%V* M.T[5B!1J+;F.=2H=Z]3WQA[BO;$ZAJQOJ=7[5-Y\G\HK4>-A++R;/$+D.3XH M]M\OR>0`5V;DWW^CS\9='=UI]3#G^$/$CCX`.*. M`YRAV[+BC9M63="YNT4.80LRZ81\BJ;;=N8 M#H8,CWDRF/AWK1O2Y^Z^^!YZ[@WT#?5*\JI;/'S^A+]6JV(DFY\;P"+R*6#8 M-8$N\&TRIPZ=B8-G4Q'`S9J!K\BR$831C1\N\%QO"/&TR,&YKO`#/)U>,/J` M0*(&09VK M,'E/Q!:EM*=WHK,FYWMP'?KKSJT_4MAQON3,^B.%?:K(>?4JWY;.UC[LP2W. MI4?I]>6]0J*47/5#]%1NIB7'YQTK/,*N=G#>L<(?#QXMA=U,A;/RCA4>@/,/ MR3M6V)6^2(1->2OL5=E"(DI.X>D'3X-$Z2D\!1&3A-);HQ0FRM@AEC`[5?B[ M4;Z_C))4V+=R-R)2?@K[4.X1*:<*^T_N^2BG"CN4G"PCX70F[QGQ4:;R.IRW/3KK?9>\ M;(RG^_@_?P%02P,$%`````@`HHD\07Y7AMDM$```-,D``!T`'`!C:S`P,#$U M,3$V.3DM,C`Q,C`Y,3!?;&%B+GAM;%54"0`#WQ)F4-\29E!U>`L``00E#@`` M!#D!``#5G>]SFS@:Q]_OS/X/.M^;=B:.#<1)G&EWQTW2N\RE=2?.WNY=YB:# MC>RPQ>`#G,;__4D";'Y((&QXY'NQ6\>6'NDK/E^$A`0??GU;.N@5^X'MN1\[ MVFF_@[`[\RS;77SL_#;ICB;7=W>=7W_Y^:W-WT8/:.PZMHO17?<+ M#GW[#?TQPP[VS1"C1_/-<[WE!MV;4^P$Z-YVOT_-`)\@^G\+>2[ZX]/#/=)/ M-81>PG!UU>O]^/'C%%L+T^]Z+.[IS%OV4+>;E/G/J'97Z/Q4NS@]3_WRX*U= MZPIIJ:^N?6R&)#6R2'6ND-[7]&Y_V-6T1VUP99Q?&=J_TZF]U<:W%R\A>C=[ M3Q+W!UV20\O(/$%W[NP4C1P'/="D`7K``?9?L74:1W)BD8BTI1M\[*1TO4U] MY]3S%ST2V^@E"3L__X2BQ%=O@9W)\,-(DFN]/[[<3V8O>&EV;3<(37>6R4B# M\;)JP^&PQWZ-4@?V5<"BW'LSUC02%43"%/2O;I*L2[_JDA8VM-.WP.K\0@O\ MX'L.?L!SQ.IP%6Y6^&,GL)*\]HIA22O[M1K1JB5C? M?Q[-_KNV?6Q])J!_QC@8N=;MVPJ[`0[&Q+6C(,!AD)3!E'WL2&?K;>M.,V9J M[^/`6_LS7*LY:)0]Z_+L3&G6I4,RTC,/=KN_33K(MCYV;.M9'QB#R\'S>5\_ M&^K/VK/6^26)BFA81.,B$A@ED1$-C:+8'Z*:-2LV)"2I' M?I9)TY\EM24?*V3&*7HSCYQX5F$WL05I2"Z]F^_0.=I>%[Y$/> M7^2KY]&2V)[\%WYVS$7N4!9_!W!,H5!94'1=BZV1Y$8T.RS]!]5>EZM]VU0+ ML:#X\@4>SFEY+^"Z:].A=AFOZ'46N3A+#/-H3AW\2'JO3Z2H[YQSD716H-Y` MMC[2Y\?S?HP]BQR=';>Q=QT"BXZ>:'S$"O@/?+_0AG9=0OL3"\\5#-%%U*4W MZ29J-5?+%OQD^M>OZ37XZP>?\HZ:?>^3 M,>M`T\Z'0^:?_E#K,_>D?WF^II^UBV'?^(*74^SGCF!YVH;=8GFS->W&V:BX M3D6D$.H.AY=D+#YX-BA$=^XK#DBCH6O'#`(T(>W/OV9OY1S0H!KF_FNTC8&> MHBC`W6F#BO1:QZ=M0TNYA1JYN@5:[A)O["#T[>F:NH><2B;8?[5G6-.G&AW4 ME4U/2.>$Z1YEJR-]669<1C9)!V;]9!P::3J:(BT:Q*N6\Y>DTYD&QS0E//5%Z7"L/Y*P M)4>%_0Q,-BU3'@`]!S3-K8[BNG77I>H.26P:B#RH6W7M\WGKAG:XN2:%^J9S MYUKX[1]XPVEX?CH@8KF%2Q_^BWB(&45!<1C$XB`2")[B@_4PG*6$0"!=RE#" MME@S%.3""9/,SZ!(UYMJT,XN,R2KFRK9M_:,VPGIAM7<0Q*QD&44=((D*O(! M+^@TNNF&7\TE[SJ!FPP4U6S9\K-C6@;9711$PZ@B=W\QC&`)%7`H\]G)(LW1 MV_)-T'A%TNV;21>XCZ:T]%E8O-,F2`=S@Y-?N/1"&-V(V8["H#@.>DHBP2^E M.UR1SE%TI>B69#E$\0W($LF@C'_:_`N;_K6YXJR:J4BL@O9,#:0!N1CRD?^T M03081M2[=Z")G5R[2&O$]PK8ARYMA$T#JB#?K?#EP=LX27KI:HV\=3(J\)5 M9162'G,.!?ZBP=$N^C'LXVE'/<]U)P7Y:K?RU(>8Z\#*)@/U(KU<[&M5ASE. MI<)?4='29W#M@N\D-G#I:XKM4E\,WQ@_LL8X01H3>!3&R!+%M4"J&>!A-Z0. MDJ$.=D-^)N>\#';C&&"O)482=H,)5+7IOPPI,>T&(.U5HW`EP^^:(]4SXRS+ MMN+Q]A[5S]!\)`/LTI$U_)"ZQEA:]2!Z_U'EV>`RB_)QC9H/$Z;O)PR.>-GQ ML=*!<>F&064/+SK@N3T#+8.\VHU^A^E@A#]ZH>F@\B=-J.5/?36(G?^P_8'LY79/C0Y>]E9$ND0>&_.J*R,^XQVLJ24@4Q41C'V6B*C5' MLU+UK-1>TC-D0BLRBCR1L7$DFT:YD>A*Y_'\$?M+V^4]SF'/(,=BM4+-Y&_V MGM?R'EODCL9SE"KK"/UX4'OD#(J\?'MXN_8XB1K$JVR0HS"OT`72;N8W;/O+ M`^_QPG2B-5R"763Y%$"+`G/%RC_.+A[PL/PH6KI(Y]'UL3T\$!?9#8`M-ZC.?D:S(8_.;;L_S2[IJ9H5PA M72/YA_4.$Z.PV"@)CEAT%(6/;),4@%@)"NS3BGJ]6OV[>\^TWJ-W9H!,M,)$ MDQL2INE%5OA"_XG;947+?J_,CK59WSJT7L/"F#95C;OER@NP-7:_$9Y>S'A: M1,Z^-<.`&KE>W>279@RRELZP'!>$QB[:%G5,]FZO371AF\3^3IK&2S?-_X7I M]_-*UOY[-'S+)X*O.)29:NB8)A]+`8S=(VZREMTQGOX9/4I'N'*@D`+&$_EBI80R#"),:7JQ2*7-*3+$U_4[*.0)P4F.5\^?*KT\_R4,>AU*XC M:$18%O43:660V(L8R_//;8>VC9!_2X!X-ZXX*9`11.7+#[7CU06\MSVHVY;; MB"Z=KTO5YMQ*K!+V2[5#LR_;`6?Q(J]E&+%EJK!:V(OV1:#M%K95)(H MH0)#[7%[,'D"?4&I#$L4UFQUAY430GNCDSQ\F->O6@,$BG:^3[VT;WB_F5O504W;%5YD:JC MZ4:XA!6=4&R)MDW@^>'<V[=#>#\*:V,"60"03%2Y\\DV7VVT`HB:3L M;G<3FG2!)M6WOZO`2M@O:P)H]LNNDL1I%?%?_\E1EV('J+TX:D2:T`A'<%E4 M"9K(#;`71-O7]7'>/E3\'8C[3*'2%P=&,K[>9E?PDJ&#JI][@Z*J5PH)N4B0 M+0H$PY2]>IN]A9NS$[`L)32ZV>*EN_?M"7L',8L4OWEP6EM(`" MSB>J@#I'.!CT[!F(94/_<9LZU,NR^*[5^6&`;BDAK(/\TC?I)FZOFK=(D]NP6\^PX<[H:D MZ1QIO/TYYM);NR'R24J\Q!9[&*'MHF$?6>8FH"E6\<86[KX=^:9@S;`.>NN@ MNS#-5>KP]ER\(!0JJ9K^WQB!]^%\U+I'X'.%[L2 MY7>0Q\NL:%YE\TU[5ES?5ESUI!('A(30G#0`(N^]`'_QW,*[(0L_PU&Y+5-^ MG<]9BDN:';'\2M#DH#HKKRW6Z(>@G?/M>C.UL">V]B:A"89^PB.$"\E(/.N<&:##UN\,H+;!)U0[X([7`M M&(-+9(*T16E-I$^BR;+LF*80Q5'1+BQ*Q55DE\:TZC6T'H.-I!C-.*JZJ0#, M]8##M>^*-XQRTL!9)UNP_$-:TGU)%$/EWM##E&Q]T(MBJ)J6%<.2@IHC$XSA MTBF5;!)H@NO.4NB#(L`J9UGV5I&']RBF7+BX%"#>?_IE]KW?[VL#33L?#AFQ M_:'69[RF?WF>D,]]XU(W+K[@Y13[N:8O3]LPP98W6],'Y/">(%U:$2D8NL/A MI38?9L4!1SZ@1M8Z"G*`IP1].@ M(GV?P]2V>:6\0UU[_TH*\+7'`$K]-N3"'?%VK?F"U% M'-\7\._%GI">)\2+C7`.*9\`R`+94N6WI\?+>_9UB8$1^>"*!(ZMLG7)@16 MSL'"'=%7[$\]*-T:$ZY^@KG\Q%*<9R[1WOY+!!]]=MTQV2RG7OX0%7\'>H%@ MIE#I.][]^-(USHVB[/!O#MR[]KI<[=NF68A%\MK`HL"(B[BR]R0M^9O\13Y, MS0"3/_X'4$L#!!0````(`**)/$%:[,F^K@L``);]```=`!P`8VLP,#`Q-3$Q M-CDY+3(P,3(P.3$P7W!R92YX;6Q55`D``]\29E#?$F90=7@+``$$)0X```0Y M`0``[5U;4^,X%GZ?JOD/GNS+;M7DXH2&AH*92@.]2RTT5&"V>_>E2[&5Q-N^ M9&0'DG\_DF.1^")9#E@$2R]]B8_LSY^E(^F<3]+I[TO/-1XA"IW`/VN9G5[+ M@+X5V(X_/6O]<=\>WI]?7;5^_^WGGTY_:;>-RXM_#D?&K>\Z/C2NVC,!+`,_\%;&'8(A]",0X?L:UX[_8PQ"^*M!_K0-_-.W3Z-KH]\Q M#6,61?.3;O?IZ:D#[2E`[2"^>\<*O*[1;M,G_V>-\<0X[)A'G<.M*Z-@X=LG MAKGUTSF"ZR?;&-2)T>^9_7;ON&V:#^:'D\'AR<#\W[9U,%\A9SJ+C+];_\#& MO0]M7,),O>ROQI5O=8RAZQHC8AH:(_R"Z!':G>1.;O*2!F;4#\]:6^^U'".W M$Z!I%]][T*6&K9]_,M;&)\O0215X&E!SL_OMYOK>FD$/M!T_C(!OI0J2FQ45 M-8^/C[OQU;5UZ)R$\5VN`RNF1@"@P;0@_VM3LS;YJ8T9'IB=96BW?B,//$6! M"T=P8L083J+5')ZU0L>;N["5_#9#<'+6LG[T\%M^,,W#XV-">[]W;/;(??YV M$5@+#]_1#?GMG/@;[*0NEW/HAR_$+GBW5T.?/.9R"4BIG6&7W:8BWN19<4L/ MH=69!H]=A+H$.?Z[O7:B9M+*M^KX!8R`XQ+*\L"S-\O4[:VB"=CY5K]!NHT4 M:KB,H&]#F^(F=WN-AA\_&C_<#:S4\USB*P-43I,-G35/^!]9HO!/WX?XT39Y M_&<73.GM7#"&[EDK?[U;"0^[FFU?^7Y._FT>'?<&M)*E4/!MJR':A2'Z?6C/ MC>L$+""JT$P>NHO``X[/P948R$-T.9E`*W(>80EA:3MY^+::&?UIN'1"#E)6 M"7F8[R!R`NPF[!).TW;R\#W@VW)@Q9?K1[-VH^?X@0BX5]@M+_\-5P6PBNUD MX6.VV-1E66A&<.J$F`<_^@*\HF]8:%8_NFLX!>[ZV8S6F;5X.2;VT`*A[W%QY[H(P+$#&LY2&\`&,W>RW+#"H&<]F4#4C.\9?QH[8U<]SG2<`$!9[8"((^/R@< MLQD!PG/7LY;9ZW4(PRT#PY]`A*!]O7Y3)KP86P11"&-+4M()$':59ZU^RUB$ M^-6".8$#W@4Y8O7TF:Y^$^EB](BT[J0'%\VN.1PJ2KS^,R]FTW@1&*(0?@K[ MF^;6%D%62N(2S_P,&LU/:MB8[9.87EJ1RE-(3LX1)63T52.#V\X24@:-)(4] MR\GQDK#6Z`;#IR,?,VIT@Q$G(Q/@4[C%L$-3"2D'2I.2BVXFK'Q0E)5,'BMA MXU!1-C)1D82-CXJR49S!2T@Y5IR43)IN,RB10,MI-YM4KR?5SI.LU!O3'?K^ M`KB?,9J!3[@M_F$'_4C'^P5+UIS7/H30.=X)!\-?1L/3^+9GV_!&,._ M8.QG\N`%RJB<&W]/N6>YV4IN34S+BCZM_@MQ-0/SM=PN6P5YQE)Q,AM)L9E4 M;%\`(J[ED>>(2DM(1?S5B68C:$,O_I)E3K1"63EO4589Y-:""I^_EN_^[K+_ MM^/_KT=+S.^8LY"%Z`XY)!W&^9)LT[HQ9@\(`V>(2(61>9EK(1\JADVVHESQXJ>9B5;?NB!!PBS91AUP2]TPM0 M<;]@VD1KL'(DO5"#M1NBS>H59L_)L).+KFPXSC>O&VM$%@).5\SZGS60A$?$ MDW%LWXT&<']E95ISIS5W6G.G-7=:2S4TIK"7CY\84EI5Q0E$)*T>:E8(0F,+:.V[F M3V'Y735=F%1%WOXQQ=#24%945($+J7@H08KV55RI&.5&T1ZKBJ"*4J5H_\76 M6M"IE*(.B"?QH-0H.G_(Y1DI'XJZ8EZ>DU*CJ"=."6HH%XJZ6I:HA]*BZ$Q! M9/4%C5XI&M"?L5^^0XY5H-FM4EC.>VQ!N/+F00CM6_]N@:P9"&$H M_D85;Z/5W?NF[GX.`N`>A7ROS0\%6F&.L58-Y^AZ8]4P6XC.,M2J4JTJ??>J M4NR6QL$^$Z9UI5I7JG6E];"B]W+4NENMN]6ZVQU(*1D]*RB^%6-DQWA"HS?T MJ\2<6$2IT?),,;ZXL0I1R5V,;A%V%V%["L!\S4X\">WZN!.(2$!^;P+^@B?! MU;R=F?7GPL$\$N%:_'5\F\(A'V$8AC`JB+")%6OBX6)<-B_(MJ;.>!$W+-^^ MA^@1MV^S/S8)23Q"A4OJA(M.N.RV-12W_KVX]59&A>OU5^"0OA"[>L<;+W`? M1KX/#Z5`&2635SZ8QCR4>1FF9RHH=6F>;UHTQFD$DPB#+ M4*?FZDW-Z9273BGIE)).*>F4DDXIR8^PE`YA%(QOBG+"'CPW.DL@2H]X1*/1 M^0-1NI@#]48O&A9E1S#8V.B%Q*)<<8AIZ,)A469$`D>4J0:.@RHPQ0B[4'*: MV;-I?8W6UVA]C4QRM+ZF:(KUEOH:62GL]+X#>KF:SIXV-GN:U'%V]H%C(#CDF5# MZJP2JHQ=9+N]+'"!,GIMDU[;I*/S>Q:=S^P*S@\VIXVEXF0ZGF(SJ=A$#B\M M+:&S'F^1]1!!5E;UY-:Y"I7MS6J97CQL+;R0-$GN.#8O^]RTT4S"7N M_WI0O=UJT1OMUW:K>[UF-W<.8A96SD(6HOQ)A$QH.5/9*YV9`V6FIQ/&&#X"!^-Q7-P=WB>#0MA$,BV0Q0L7D81<9V?+-Y6&]]>,YR"VZ+J,V;5DW0N9133F$+$O9 M"'D?FVTK3;E%AL<\X59\72O=]#;NN^'^/`'YKR-85$3\+L=6:[/ERH]W$Q_OL6Q%"]FUK%3+2K6L5,M*]T;O4F3T*'?F1!#LS=C*F4DGZQN]@9,XH3D<^64&44= M:U:C1^EHYL$PHG1PCH`W#]5DAA40I+0UR5%5?T;Y+Y)BJ MOJ+NFJTOH],E12M-Z1[3@V:>E%=*3/7=I55M6B7[2A\H.MNLMJ/T@:(=/(\2 M15URA4VD#Q2=C/)WCSY0M,O::2$3Y4S1WHLMY*7$*#J-Y^F'*36*3N7%EH+0 M@Y,5)8FQJCQAY5#1OKU\/3LE2-$^C+MI`N5&T;Z*N^WAH:+]%'?/PT-%G6]. M]IKP<=3,0YZ$^>`XW*-FGNDDE!3/5I./B@8C6"MB*"V*#EHRBY8H&XKVPNR% M290817MBH?50E"-%.R*1'?_H&8.*>IN2A>J4'44CG^RE\9081=TR?Q<)2HZB M\P'!C2LH2U*<<^&6M*==`GL,0HC_\Q=02P,$%`````@`HHD\028^-86'!``` M*!8``!D`'`!C:S`P,#$U,3$V.3DM,C`Q,C`Y,3`N>'-D550)``/?$F90WQ)F M4'5X"P`!!"4.```$.0$``.U8RV[;.!3=%^@_W-&J!2+)C.MD+-@I/'D4!I)F M8#N#8#8!+=$V$8G44%3B(.B_SZ4>L>17['8Q+28K2=0Y]W5$ZI*=S_,HA`>F M$BY%UR).PP(F?!EP,>U:-T.[-SSM]ZW/)^_?=7ZS;3@_^](;P+4(N6#0MZ^8 M5GP.MSX+F:*:P8C.I9#1$PS]&8OH`8QIP@*0`F[_&%S"H4,`9EK'GNL^/CXZ M+)A29FPZ4DU=M$O08[WY6(6\QC`C M):?I!-L6;"B,N=S&L4AVZ#4:Z!7)&K5)2JL06$.GD>*BB26F.7_X5]5-I\# M-H&LK_1,\]:U$FZJ815C5/F&O[TC=6,E\1O7G"6+GK8PL,*NM\"9^$OU*Z(J M+#CEO=<.!3?4/2 MP1)(I4&LW1YMV.U"OJ&^E'YF:`O%/-DESS9#-N[-FL29)T$1XCX1+"J^7P0E M;]\(UNY:=_5=$HS3UOX)K^RM=_*[S#+.VR9CT'>WWG]2&$GWP4%KQL\%\<+F6O\>YGY3H[;C6:U]ZDN`W>KD'P- MRX]UO$!&E(N^9I'Y[UM`QXE6U-==2ZO4K%#F),O#E8O+8)01@U05QP2"A[BP MFL4DQR8IDKE.S=LO2J9QU\KI',VO3V!]\U9+8!7R4R60;Y!WR6,3\C],I^/F M'R7>_@M02P$"'@,4````"`"BB3Q!_19*0-,@``!IC```&0`8```````!```` MI($`````8VLP,#`Q-3$Q-CDY+3(P,3(P.3$P+GAM;%54!0`#WQ)F4'5X"P`! M!"4.```$.0$``%!+`0(>`Q0````(`**)/$&X\XM4_0(```\.```=`!@````` M``$```"D@28A``!C:S`P,#$U,3$V.3DM,C`Q,C`Y,3!?8V%L+GAM;%54!0`# MWQ)F4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`**)/$&<#HW2%0P``(/E M```=`!@```````$```"D@7HD``!C:S`P,#$U,3$V.3DM,C`Q,C`Y,3!?9&5F M+GAM;%54!0`#WQ)F4'5X"P`!!"4.```$.0$``%!+`0(>`Q0````(`**)/$%^ M5X;9+1```#3)```=`!@```````$```"D@>8P``!C:S`P,#$U,3$V.3DM,C`Q M,C`Y,3!?;&%B+GAM;%54!0`#WQ)F4'5X"P`!!"4.```$.0$``%!+`0(>`Q0` M```(`**)/$%:[,F^K@L``);]```=`!@```````$```"D@6I!``!C:S`P,#$U M,3$V.3DM,C`Q,C`Y,3!?<')E+GAM;%54!0`#WQ)F4'5X"P`!!"4.```$.0$` M`%!+`0(>`Q0````(`**)/$$F/C6%AP0``"@6```9`!@```````$```"D@6]- M``!C:S`P,#$U,3$V.3DM,C`Q,C`Y,3`N>'-D550%``/?$F90=7@+``$$)0X` <``0Y`0``4$L%!@`````&``8`2@(``$E2```````` ` end EXCEL 10 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=%]A.3-D,S=A-U\U.3DS7S0Y.&)?864R-5\S,68V M-61B.&,Y-F0B#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-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I% M>&-E;%=O6QE#I! M8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0 M#I0#I0&UL M/CPA6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@ M<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7V$Y,V0S-V$W7S4Y.3-?-#DX8E]A93(U7S,Q9C8U9&(X8SDV M9`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]A.3-D,S=A-U\U.3DS M7S0Y.&)?864R-5\S,68V-61B.&,Y-F0O5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$'0^ M-#@U0E!/4SQS<&%N/CPO'0^4V5P(#$P+`T*"0DR,#$R M/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L M87-S/3-$"!+97D\+W1D/@T*("`@("`@("`\=&0@8VQA'0^4V5P(#$P+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'-P M86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S M/3-$7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\ M:'1M;#X-"B`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E M;G0M5'EP92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^051!0R!);F9L871I;VX@4F]T871I;VX@1G5N9"`H M4')O'0^26YV97-T;65N="!/8FIE8W1I=F4\'0^/'1T/E1H:7,@=&%B;&4@9&5S8W)I8F5S('1H92!F M965S(&%N9"!E>'!E;G-E&EM=6T@4V%L97,@0VAA7,@;V8@<'5R8VAA M'!E;G-E65A'!E;G-E'!E;G-E(%)E:6UB=7)S96UE;G0\+W1D M/@T*("`@("`@("`@("`@("`\=&0@8VQA'!E;G-E65A'!E;G-E&5S(&%N9"`@("`@(&5X=')A;W)D:6YA2!B92!R96-O=7!E M9"!B>2!T:&4@061V:7-E'!E;G-E(&QI;6ET'!E;G-E($QI;6ET871I;VX@06=R965M96YT('=I;&P@8F4@:6X@969F96-T M(&%N9"!C86YN;W0@8F4@=&5R;6EN871E9"!T:')O=6=H(&%T(&QE87-T(&]N M92!Y96%R(&9R;VT@=&AE(&5F9F5C=&EV92!D871E(&]F('1H:7,@4')O2!T M:&4@061V:7-E65A2!W:71H:&5L9"X\+W1D/@T*("`@("`@("`@ M("`@/"]T&%M<&QE(&ES(&EN=&5N9&5D M('1O(&AE;'`@>6]U(&-O;7!A6]U65A'!E;G-E2!B92!H:6=H97(@;W(@;&]W97(L(&)A'!E;G-E($5X86UP;&4L('=I=&@@4F5D M96UP=&EO;BP@,2!996%R/&)R/CPO=&@^#0H@("`@("`@("`@("`@(#QT:"!C M;&%S'0^4&]R=&9O;&EO(%1U'0^/'1T/E1H M92!&=6YD('!A>7,@=')A;G-A8W1I;VX@8V]S=',L('-U8V@@87,@8V]M;6ES M2!I;F1I8V%T92!H:6=H M97(@=')A;G-A8W1I;VX@8V]S=',@86YD(&UA>2!R97-U;'0@:6X@:&EG:&5R M('1A>&5S('=H96X@1G5N9#QB&%B;&4@86-C;W5N="X@5&AE'!E M;G-E&-H86YG92UTF%T:6]N(&1O;65S=&EC(&%N9"]O6EN9R!%5$9S(&UA>2!A;'-O(&AO;&0@9FEX960@:6YC;VUE('-E M8W5R:71I97,@2!O9B!D;VUE6EN9R!M871U2P@:6YV97-T M;65N="!G2UR96QA=&5D(&)U6EN9R!%5$9S('1O(#(U M)2!O9B!T;W1A;#QB2`B06-C96QE2!A;&QO8V%T:6YG M('!R:6UA2!B971W965N(&5Q=6ET:65S(&%N9"!B;VYD'!E8W1A M=&EO;G,@87,@9&EC=&%T960@8GD@:6YT97(M;6%R:V5T/&)R("\^=')E;F1S M(&%N9"!R96QA=&EV92!P'!E8W1A=&EO;G,@9F%L;"P@8F]N M9',@=&5N9"!T;R!O=71P97)F;W)M/&)R("\^&EM:7IE('1I;64@'!E;F1E9"!I;B!O=71P97)F;W)M:6YG M(&%R96%S(&]F('1H92!M87)K970N(%1H92!!9'9I2!E>'!O M6YA;6EC(&EN=F5S=&EN9R!E;G9I&-E960@,2PP,#`E(&]N(&%N(&%N;G5A;#QB'!E;G-E2!I;G9E2!M87)K970\ M8G(@+SYI;G-T6EN9R!E>'!E;G-E2!C;VYS:61E6]U2!I;G9E2X@4F5M96UB97(L(&EN(&%D M9&ET:6]N('1O/&)R("\^<&]S2!A;F0@=&AE2!V:6%B;&4@3QB2!I;7!L96UE;G0@ M=&AE($9U;F0G2!I;B!%5$9S+"!I="!I2!I;G9E2!O;F4@:7-S=65R(&-O=6QD/&)R("\^ M8V%U2!I;G9E6EN9R!%5$9S M+"!W:&EC:"!M87D@2X@1&ES=')I8G5T:6]N2`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`\8G(@+SYI9B!T:&4@:6YV97-T;65N=',@:6YV;VQV M92!L979E2!B92!A9F9E8W1E9"`\8G(@+SYB>2!O=F5R86QL(&UA'0^/'1T/E=H96X@=&AE M($9U;F0@:&%S(&)E96X@:6X@;W!E65A2!C86QL:6YG('1H92!&=6YD/&)R M("\^=&]L;"UF2!S:&]W:6YG(&-H86YG M97,@:6X@=&AE($9U;F0G65A M'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S2D@?"!!5$%#($EN9FQA=&EO;B!2;W1A=&EO;B!&=6YD/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&@^#0H@("`@("`@(#PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`@(#QT9"!C;&%S'!E;G-E(%M(96%D:6YG73PO=&0^ M#0H@("`@("`@(#QT9"!C;&%S'!E;G-E M'0@0FQO8VM=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^'1";&]C:SPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/E1H:7,@=&%B;&4@ M9&5S8W)I8F5S('1H92!F965S(&%N9"!E>'!E;G-E'!E;G-E'!E;G-E65A&%M<&QE+"!A9F9E8W0@=&AE($9U;F0G'!E;G-E'!E;G-E65A'!E;G-E M17AA;7!L94AE861I;F<\+W1D/@T*("`@("`@("`\=&0@8VQA'0@0FQO8VM=/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&@^6]U'!E;G-E(&QI;6ET871I;VX@9F]R(&]N93QB'!E;G-E M($5X86UP;&4@8GDL(%EE87(L($-A<'1I;VX@6U1E>'1=/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&@^5EE87)#87!T M:6]N/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&5X=#Y!;'1H;W5G:"!Y M;W5R(&%C='5A;"!C;W-T6]U'0^4')I;F-I M<&%L($EN=F5S=&UE;G0@4W1R871E9VEE&-H86YG92UTF%T:6]N(&1O;65S=&EC(&%N9"]O M6EN9R!%5$9S(&UA>2!A;'-O(&AO;&0@9FEX M960@:6YC;VUE('-E8W5R:71I97,@2!O9B!D M;VUE6EN9R!M871U2P@:6YV97-T;65N="!G2UR96QA=&5D(&)U M6EN M9R!%5$9S('1O(#(U)2!O9B!T;W1A;#QB2`B M06-C96QE2!A;&QO8V%T:6YG('!R:6UA2!B971W965N(&5Q=6ET:65S(&%N9"!B M;VYD'!E8W1A=&EO;G,@87,@9&EC=&%T960@8GD@:6YT97(M;6%R:V5T M/&)R("\^=')E;F1S(&%N9"!R96QA=&EV92!P'!E8W1A=&EO M;G,@9F%L;"P@8F]N9',@=&5N9"!T;R!O=71P97)F;W)M/&)R("\^&EM:7IE('1I;64@'!E;F1E9"!I;B!O M=71P97)F;W)M:6YG(&%R96%S(&]F('1H92!M87)K970N(%1H92!!9'9I2!E>'!O6YA;6EC(&EN=F5S=&EN9R!E;G9I&-E960@,2PP,#`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`\8G(@+SYO9B!T M:&4@2`\8G(@+SYD=7)I;F<@97AT96YD M960@<&5R:6]D'!A;G-I;VXN)B-X03`[)B-X03`[ M4V5C=7)I=&EE2!B92!M;W)E('9O;&%T:6QE(&%N9"!L97-S(&QI<75I9"!T M:&%N('1H92!S96-U2!S965K('1O(&UA=&-H('!O6EN9R!%5$8G'!E;G-E"!R:7-E6EN M9R!%5$8@6EN9R`\ M8G(@+SY%5$8G2!R97-U;'0@:6X@;&]S3QB2!R M97%U:7)E;65N=',@86YD(&UA2!O"X@5&AE('9A;'5E(&]F(#QB M2!R:7-E(&]R(&9A;&P@;6]R92!R87!I9&QY M('1H86X@;W1H97(@:6YV97-T;65N=',@86YD(&ET(&ES('!O2!F;W(@;&5V97)A9VEN9R!A;F0@ M=VEL;#QB6EN9R!%5$8G2UL:6YK960@9&5R:79A=&EV92`\ M8G(@+SYI;G-T2UR96QA=&5D(&)U2!D979E;&]P;65N=',N(%1H92!U M2!F M;W(@82!G2!;5&5X=%T\+W1D/@T*("`@("`@ M("`\=&0@8VQA'1=/"]T9#X-"B`@ M("`@("`@/'1D(&-L87-S/3-$=&@^2`-"FEN=F5S="!A(&=R M96%T97(@<&5R8V5N=&%G92!O9B!I=',@87-S971S(&EN('1H92!S96-U4EN'0@0FQO8VM=/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^5VAE;B!T:&4@1G5N9"!H87,@8F5E;B!I;B!O<&5R871I;VX@9F]R M(&$@9G5L;"!C86QE;F1A'1= M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^.#4U+3(X,BTR,S@V/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S2D@?"!!5$%#($EN9FQA=&EO;B!2;W1A M=&EO;B!&=6YD('P@26YV97-T;W(@0VQA'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT M9"!C;&%S&EM=6U386QE&EM=6U$969E M'!E;G-E'!E;G-E'!E;G-E17AA M;7!L95EE87(P,3PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'!E;G-E65A'!E;G-E&5S(&%N9"`@("`@(&5X=')A;W)D:6YA2!B92!R96-O=7!E M9"!B>2!T:&4@061V:7-E'!E;G-E(&QI;6ET'!E;G-E($QI;6ET871I;VX@06=R965M96YT('=I;&P@8F4@:6X@969F96-T M(&%N9"!C86YN;W0@8F4@=&5R;6EN871E9"!T:')O=6=H(&%T(&QE87-T(&]N M92!Y96%R(&9R;VT@=&AE(&5F9F5C=&EV92!D871E(&]F('1H:7,@4')O2!T M:&4@061V:7-E65A2!W:71H:&5L9"X\+W1D/@T*("`@("`@/"]T M7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S M8VEI(@T*#0H\>&UL('AM;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC&UL/@T*+2TM+2TM M/5].97AT4&%R=%]A.3-D,S=A-U\U.3DS7S0Y.&)?864R-5\S,68V-61B.&,Y &-F0M+0T* ` end XML 11 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
ATAC Inflation Rotation Fund (Prospectus Summary) | ATAC Inflation Rotation Fund
ATAC Inflation Rotation Fund
Investment Objective
The ATAC Inflation Rotation Fund (the "Fund") seeks to achieve absolute positive
returns over time.
Fees and Expenses of the Fund
This table describes 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
ATAC Inflation Rotation Fund
Investor Class Shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) none
Maximum Deferred Sales Charge (Load) (as a percentage of the offering price) none
Redemption Fee (as a percentage of amount redeemed within 90 days of purchase) 2.00%
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
ATAC Inflation Rotation Fund
Investor Class Shares
Management Fees 1.25%
Distribution and Service (12b-1) Fee 0.25%
Other Expenses [1] 0.50%
Acquired Fund Fees and Expenses [1] 0.41%
Total Annual Fund Operating Expenses 2.41%
Fee Waiver/Expense Reimbursement [2] (0.25%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [2] 2.16%
[1] Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year.
[2] Pension Partners, LLC (the "Adviser") has contractually agreed to reimburse the Fund for its operating expenses, and may reduce its management fees, in order to ensure that Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, brokerage commissions, interest, taxes and extraordinary expenses) do not exceed 1.75% of the average daily net assets of the Fund. Expenses reimbursed and/or fees reduced by the Adviser may be recouped by the Adviser for a period of three fiscal years following the fiscal year during which such waiver or reimbursement was made if such recoupment can be achieved within the foregoing expense limits. The Operating Expense Limitation Agreement will be in effect and cannot be terminated through at least one year from the effective date of this Prospectus, subject thereafter to termination at any time upon 60 days' written notice by either the Trust or the Adviser through December 31, 2014. The Trust's Board of Trustees (the "Board") must consent to the termination of the Operating Expense Limitation Agreement by the Adviser after one year from the effective date of this Prospectus, which consent shall not be unreasonably withheld.
Example
This Example is intended to help you compare the costs of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated and then redeem all
of your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same (taking into account the expense limitation for one
year).
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
ATAC Inflation Rotation Fund Investor Class Shares
219 728
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
the annual fund operating expenses or in the Example, affect the Fund's
performance.
Principal Investment Strategies
To achieve the Fund's investment objective, the Adviser invests the Fund's
assets primarily in shares of exchange-traded funds ("ETFs") that track
various indices or multiples thereof, sometimes referred to in this Prospectus
as "Underlying ETFs."  These indices may track the performance of the equity,
fixed income and/or commodities markets, in general, or the performance of
specific sectors (e.g., a large grouping of companies operating within the
market that share similar characteristics) or market segments (e.g., large,
medium, or small capitalization domestic and/or foreign companies). Underlying
ETFs may also include "inverse" or "short" ETFs that are designed to deliver the
opposite return of an index.

The Adviser intends to invest in Underlying ETFs that correspond to one or more
asset classes. The Underlying ETFs may hold equity securities (e.g. common and
preferred stock) of small, medium and large domestic or foreign companies.
Underlying ETFs may also hold fixed income securities such as government and
corporate bonds issued by a variety of domestic and foreign entities. These fixed
income securities may have varying maturities (e.g. short-term, intermediate or
long-term) and credit qualities (e.g. high quality, investment grade or below
investment grade, also known as "junk bonds"). In addition, the Fund may invest
in Underlying ETFs that hold commodity-linked derivative instruments or invest in
the securities of issuers involved in commodity-related businesses, including but
not limited to oil refineries, mining companies, and paper mills. The Fund, however,
reserves the right to invest all of its assets in any one asset class depending upon
market conditions. When investing in Underlying ETFs that track multiples of various
indices, the Fund limits its investments in such Underlying ETFs to 25% of total
assets at the time of purchase.

"ATAC" in the Fund's name refers to the Adviser's proprietary "Accelerated Time
And Capital" investment approach which is designed to target various segments
of the investable landscape by allocating primarily between equities and bonds
depending on the direction of inflation expectations as dictated by inter-market
trends and relative prices. When inflation expectations rise, stocks tend to
outperform bonds, and when inflation expectations fall, bonds tend to outperform
stocks. The Adviser's ATAC approach allocates into equities, bonds or commodities
based on these expectations and attempts to identify specific areas within each
asset class in an effort to maximize time span of investment and amount of capital
expended in outperforming areas of the market. The Adviser uses a quantitative model
that identifies ETFs in which to position the Fund's portfolio. Using ETFs allows for
liquid and timely exposure to desired markets and provides the Fund with the ability
to reposition holdings in dynamic investing environments.

The Fund can make aggressive moves into or out of any particular asset class on
a short-term basis and, as a result, the Adviser expects that the Fund will have
a portfolio turnover rate in excess of 100% on an annual basis. The Adviser also
anticipates that the Fund's portfolio turnover could exceed 1,000% on an annual
basis depending on market conditions. Because the Fund pays transaction costs,
such as commissions, when it buys and sells ETFs, a higher portfolio turnover
rate may result in higher transaction costs and, when Fund shares are held in
a taxable account, in higher taxes. These costs, which are not reflected in the
Annual Fund Operating Expenses or in the Example above, affect the Fund's
performance.

At the discretion of the Adviser, the Fund may invest its assets in cash,
cash equivalents, and high-quality, short-term debt securities and money market
instruments for temporary defensive purposes in response to adverse market,
economic or political conditions and to retain flexibility in meeting redemptions
and paying expenses, which may result in the Fund not achieving its investment
objective.
Principal Risks
Before investing in the Fund, you should carefully consider your own investment
goals, the amount of time you are willing to leave your money invested, and the
amount of risk you are willing to take. An investment in the Fund is not a
deposit of a bank and is not insured or guaranteed by the Federal Deposit
Insurance Corporation or any other governmental agency. Remember, in addition to
possibly not achieving your investment goals, you could lose all or a portion of
your investment in the Fund over short or even long periods of time. The
principal risks of investing in the Fund are:

General Market Risk. The Fund's net asset value ("NAV") and investment return
will fluctuate based upon changes in the value of its portfolio securities.
Certain securities selected for the Fund's portfolio may be worth less than the
price originally paid for them, or less than they were worth at an earlier time.

New Fund Risk. The Fund is new with no operating history and there can be no
assurance that the Fund will grow to or maintain an economically viable size,
in which case the Board may determine to liquidate the Fund.

Adviser Risk. The Adviser has not previously managed a mutual fund.

Management Risk. The Fund may not meet its investment objective or may
underperform investment vehicles with similar strategies if the Adviser cannot
successfully implement the Fund's investment strategies.

Asset Allocation Risk. The Fund's allocation among Underlying ETFs with various
asset classes and investments may not produce the desired results.

Non-Diversified Fund Risk. Because the Fund invests primarily in ETFs, it is
considered "non-diversified" and may invest a greater percentage of its assets
in the securities of a single issuer and may have fewer holdings than other
mutual funds, a decline in the value of an investment in any one issuer could
cause the Fund's overall value to decline to a greater degree than if the Fund
held a more diversified portfolio.

Limited Holdings Risk. The Fund may invest in a single or small number of
Underlying ETFs, which may result in increased volatility.

Portfolio Turnover Risk. A high portfolio turnover rate (100% or more) has
the potential to result in the realization by the Fund and distribution to
shareholders of a greater amount of capital gains than if the Fund had a low
portfolio turnover rate. The Fund anticipates that its portfolio turnover could
exceed 1,000% on an annual basis depending on market conditions. This may mean
that you would likely have a higher tax liability. Distributions to shareholders
of short-term capital gains are taxed as ordinary income under federal tax laws.
When purchasing Fund securities through a broker, high portfolio turnover generally
involves correspondingly greater brokerage commission expenses, which must be borne
directly by the Fund.

ETF Risk. The market price of the shares of an Underlying ETF will fluctuate
based on changes in the net asset value as well as changes in the supply and
demand of its shares in the secondary market. It is also possible that an active
secondary market of an Underlying ETF's shares may not develop and market
trading in the shares of the Underlying ETF may be halted under certain
circumstances.

Underlying ETFs Expense Risk. The Underlying ETFs have management and other
expenses. The Fund will bear its pro rata portion of these expenses and
therefore the Fund's expenses may be higher than if it invested directly in
securities.

The principal risks resulting from investments in the Underlying ETFs include:

Bond Market Risk. These risks apply to the extent the Underlying ETFs hold
fixed-income securities. Interest rate risk is the risk that interest rates
may go up resulting in a decrease in the value of the securities held by the
Underlying ETFs. Credit risk is the risk that an issuer will not make timely
payments of principal and interest.

High-Yield Securities Risk. The fixed-income securities held by Underlying ETFs
that are rated below investment grade (i.e., "junk bonds") are subject to
additional risk factors such as increased possibility of default, illiquidity
of the security, and changes in value based on public perception of the issuer.

Large-Cap, Mid-Cap and Small-Cap Companies Risk. An Underlying ETF's investment
in larger companies is subject to the risk that larger companies are sometimes
unable to attain the high growth rates of successful, smaller companies, especially
during extended periods of economic expansion.  Securities of mid-cap and small-cap
companies may be more volatile and less liquid than the securities of large-cap
companies.

Tracking Risk. Although an Underlying ETF may seek to match positively or
negatively the returns of an index, the Underlying ETF's return may not match
or achieve a high degree of correlation with the return of its applicable index.

Compounding Risk. As a result of mathematical compounding and because most
Underlying ETFs have a single day investment objective to track the performance
of an index or a multiple thereof, the performance of an Underlying ETF for
periods greater than a single day is likely to be either greater than or less
than the index performance, before accounting for the Underlying ETF's fees and
expenses. Compounding will cause longer term results to vary from the return of
the index, particularly during periods of higher index volatility.

Inverse or Short Correlation Risk. If an Underlying ETF is designed to deliver
the opposite return of an index, it should lose money when such index rises -- a
result that is the opposite from traditional mutual funds. This risk is compounded
if the Underlying ETF seeks to achieve a return that is a multiple of the inverse
performance of its index.

Aggressive Investment Technique Risk. Some of the Underlying ETFs in which the
Fund invests may use investment techniques considered to be aggressive, including
using futures contracts, options on futures contracts, securities and indices,
forward contracts, swap agreements and similar instruments. Because an Underlying
ETF's investment in financial instruments may involve a small investment relative
to the amount of investment exposure assumed, it may result in losses exceeding the
amounts invested.

Foreign Securities Risk. Foreign companies involve risks not generally
associated with investment in the securities of U.S. companies, including risks
relating to political, social and economic developments abroad and differences
between U.S. and foreign regulatory requirements and market practices, including
fluctuations in foreign currencies. These risks are greater in emerging markets.

Derivative Risk. Some Underlying ETFs may use derivative instruments which derive
their value from the value of an underlying asset, currency or index. The value of
derivatives may rise or fall more rapidly than other investments and it is possible
to lose more than the initial amount invested.

Leverage Risk. Some Underlying ETFs may borrow money for leveraging and will
incur interest expense.

Short Sales Risk. Underlying ETFs may engage in short sales which could cause an
Underlying ETF's investment performance to suffer if it is required to close out
a short position earlier than it had intended.

Commodities Risk. Investments by an Underlying ETF in commodity-linked derivative
instruments and companies involved in commodity-related businesses may be subject
to greater volatility than investments in more traditional securities, particularly
if the investments involve leverage. This is because the value of commodity-linked
derivative instruments and companies in commodity-related businesses may be affected
by overall market movements, commodity index volatility, changes in interest rates
or sectors and other factors affecting the value of a particular industry or commodity,
such as weather, disease, embargoes, or political and regulatory developments. The use
of leveraged commodity-linked derivatives creates an opportunity for increased return,
but also creates the possibility for a greater loss.
Performance
When the Fund has been in operation for a full calendar year, performance
information will be shown here. Until such time, inception-to-date performance
information as of the end of most recently completed calendar quarter will be
available on the Fund's website at www.atacfund.com or by calling the Fund
toll-free at 855-ATACFUND (855-282-2386). Performance information, when
available, will provide some indication of the risks of investing in the Fund
by showing changes in the Fund's performance from year-to-year and by showing
how the Fund's average annual returns for certain periods compare with those of
a broad measure of market performance.
XML 12 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Sep. 10, 2012
ATAC Inflation Rotation Fund (Prospectus Summary) | ATAC Inflation Rotation Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading ATAC Inflation Rotation Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The ATAC Inflation Rotation Fund (the "Fund") seeks to achieve absolute positive
returns over time.
Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes 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 rate
may indicate higher transaction costs and may result in higher taxes when Fund
shares are held in a taxable account. These costs, which are not reflected in
the annual fund operating expenses or in the Example, affect the Fund's
performance.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the costs of investing in the Fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the Fund for the time periods indicated and then redeem all
of your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the Fund's operating expenses
remain the same (taking into account the expense limitation for one
year).
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption 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 To achieve the Fund's investment objective, the Adviser invests the Fund's
assets primarily in shares of exchange-traded funds ("ETFs") that track
various indices or multiples thereof, sometimes referred to in this Prospectus
as "Underlying ETFs."  These indices may track the performance of the equity,
fixed income and/or commodities markets, in general, or the performance of
specific sectors (e.g., a large grouping of companies operating within the
market that share similar characteristics) or market segments (e.g., large,
medium, or small capitalization domestic and/or foreign companies). Underlying
ETFs may also include "inverse" or "short" ETFs that are designed to deliver the
opposite return of an index.

The Adviser intends to invest in Underlying ETFs that correspond to one or more
asset classes. The Underlying ETFs may hold equity securities (e.g. common and
preferred stock) of small, medium and large domestic or foreign companies.
Underlying ETFs may also hold fixed income securities such as government and
corporate bonds issued by a variety of domestic and foreign entities. These fixed
income securities may have varying maturities (e.g. short-term, intermediate or
long-term) and credit qualities (e.g. high quality, investment grade or below
investment grade, also known as "junk bonds"). In addition, the Fund may invest
in Underlying ETFs that hold commodity-linked derivative instruments or invest in
the securities of issuers involved in commodity-related businesses, including but
not limited to oil refineries, mining companies, and paper mills. The Fund, however,
reserves the right to invest all of its assets in any one asset class depending upon
market conditions. When investing in Underlying ETFs that track multiples of various
indices, the Fund limits its investments in such Underlying ETFs to 25% of total
assets at the time of purchase.

"ATAC" in the Fund's name refers to the Adviser's proprietary "Accelerated Time
And Capital" investment approach which is designed to target various segments
of the investable landscape by allocating primarily between equities and bonds
depending on the direction of inflation expectations as dictated by inter-market
trends and relative prices. When inflation expectations rise, stocks tend to
outperform bonds, and when inflation expectations fall, bonds tend to outperform
stocks. The Adviser's ATAC approach allocates into equities, bonds or commodities
based on these expectations and attempts to identify specific areas within each
asset class in an effort to maximize time span of investment and amount of capital
expended in outperforming areas of the market. The Adviser uses a quantitative model
that identifies ETFs in which to position the Fund's portfolio. Using ETFs allows for
liquid and timely exposure to desired markets and provides the Fund with the ability
to reposition holdings in dynamic investing environments.

The Fund can make aggressive moves into or out of any particular asset class on
a short-term basis and, as a result, the Adviser expects that the Fund will have
a portfolio turnover rate in excess of 100% on an annual basis. The Adviser also
anticipates that the Fund's portfolio turnover could exceed 1,000% on an annual
basis depending on market conditions. Because the Fund pays transaction costs,
such as commissions, when it buys and sells ETFs, a higher portfolio turnover
rate may result in higher transaction costs and, when Fund shares are held in
a taxable account, in higher taxes. These costs, which are not reflected in the
Annual Fund Operating Expenses or in the Example above, affect the Fund's
performance.

At the discretion of the Adviser, the Fund may invest its assets in cash,
cash equivalents, and high-quality, short-term debt securities and money market
instruments for temporary defensive purposes in response to adverse market,
economic or political conditions and to retain flexibility in meeting redemptions
and paying expenses, which may result in the Fund not achieving its investment
objective.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock Before investing in the Fund, you should carefully consider your own investment
goals, the amount of time you are willing to leave your money invested, and the
amount of risk you are willing to take. An investment in the Fund is not a
deposit of a bank and is not insured or guaranteed by the Federal Deposit
Insurance Corporation or any other governmental agency. Remember, in addition to
possibly not achieving your investment goals, you could lose all or a portion of
your investment in the Fund over short or even long periods of time. The
principal risks of investing in the Fund are:

General Market Risk. The Fund's net asset value ("NAV") and investment return
will fluctuate based upon changes in the value of its portfolio securities.
Certain securities selected for the Fund's portfolio may be worth less than the
price originally paid for them, or less than they were worth at an earlier time.

New Fund Risk. The Fund is new with no operating history and there can be no
assurance that the Fund will grow to or maintain an economically viable size,
in which case the Board may determine to liquidate the Fund.

Adviser Risk. The Adviser has not previously managed a mutual fund.

Management Risk. The Fund may not meet its investment objective or may
underperform investment vehicles with similar strategies if the Adviser cannot
successfully implement the Fund's investment strategies.

Asset Allocation Risk. The Fund's allocation among Underlying ETFs with various
asset classes and investments may not produce the desired results.

Non-Diversified Fund Risk. Because the Fund invests primarily in ETFs, it is
considered "non-diversified" and may invest a greater percentage of its assets
in the securities of a single issuer and may have fewer holdings than other
mutual funds, a decline in the value of an investment in any one issuer could
cause the Fund's overall value to decline to a greater degree than if the Fund
held a more diversified portfolio.

Limited Holdings Risk. The Fund may invest in a single or small number of
Underlying ETFs, which may result in increased volatility.

Portfolio Turnover Risk. A high portfolio turnover rate (100% or more) has
the potential to result in the realization by the Fund and distribution to
shareholders of a greater amount of capital gains than if the Fund had a low
portfolio turnover rate. The Fund anticipates that its portfolio turnover could
exceed 1,000% on an annual basis depending on market conditions. This may mean
that you would likely have a higher tax liability. Distributions to shareholders
of short-term capital gains are taxed as ordinary income under federal tax laws.
When purchasing Fund securities through a broker, high portfolio turnover generally
involves correspondingly greater brokerage commission expenses, which must be borne
directly by the Fund.

ETF Risk. The market price of the shares of an Underlying ETF will fluctuate
based on changes in the net asset value as well as changes in the supply and
demand of its shares in the secondary market. It is also possible that an active
secondary market of an Underlying ETF's shares may not develop and market
trading in the shares of the Underlying ETF may be halted under certain
circumstances.

Underlying ETFs Expense Risk. The Underlying ETFs have management and other
expenses. The Fund will bear its pro rata portion of these expenses and
therefore the Fund's expenses may be higher than if it invested directly in
securities.

The principal risks resulting from investments in the Underlying ETFs include:

Bond Market Risk. These risks apply to the extent the Underlying ETFs hold
fixed-income securities. Interest rate risk is the risk that interest rates
may go up resulting in a decrease in the value of the securities held by the
Underlying ETFs. Credit risk is the risk that an issuer will not make timely
payments of principal and interest.

High-Yield Securities Risk. The fixed-income securities held by Underlying ETFs
that are rated below investment grade (i.e., "junk bonds") are subject to
additional risk factors such as increased possibility of default, illiquidity
of the security, and changes in value based on public perception of the issuer.

Large-Cap, Mid-Cap and Small-Cap Companies Risk. An Underlying ETF's investment
in larger companies is subject to the risk that larger companies are sometimes
unable to attain the high growth rates of successful, smaller companies, especially
during extended periods of economic expansion.  Securities of mid-cap and small-cap
companies may be more volatile and less liquid than the securities of large-cap
companies.

Tracking Risk. Although an Underlying ETF may seek to match positively or
negatively the returns of an index, the Underlying ETF's return may not match
or achieve a high degree of correlation with the return of its applicable index.

Compounding Risk. As a result of mathematical compounding and because most
Underlying ETFs have a single day investment objective to track the performance
of an index or a multiple thereof, the performance of an Underlying ETF for
periods greater than a single day is likely to be either greater than or less
than the index performance, before accounting for the Underlying ETF's fees and
expenses. Compounding will cause longer term results to vary from the return of
the index, particularly during periods of higher index volatility.

Inverse or Short Correlation Risk. If an Underlying ETF is designed to deliver
the opposite return of an index, it should lose money when such index rises -- a
result that is the opposite from traditional mutual funds. This risk is compounded
if the Underlying ETF seeks to achieve a return that is a multiple of the inverse
performance of its index.

Aggressive Investment Technique Risk. Some of the Underlying ETFs in which the
Fund invests may use investment techniques considered to be aggressive, including
using futures contracts, options on futures contracts, securities and indices,
forward contracts, swap agreements and similar instruments. Because an Underlying
ETF's investment in financial instruments may involve a small investment relative
to the amount of investment exposure assumed, it may result in losses exceeding the
amounts invested.

Foreign Securities Risk. Foreign companies involve risks not generally
associated with investment in the securities of U.S. companies, including risks
relating to political, social and economic developments abroad and differences
between U.S. and foreign regulatory requirements and market practices, including
fluctuations in foreign currencies. These risks are greater in emerging markets.

Derivative Risk. Some Underlying ETFs may use derivative instruments which derive
their value from the value of an underlying asset, currency or index. The value of
derivatives may rise or fall more rapidly than other investments and it is possible
to lose more than the initial amount invested.

Leverage Risk. Some Underlying ETFs may borrow money for leveraging and will
incur interest expense.

Short Sales Risk. Underlying ETFs may engage in short sales which could cause an
Underlying ETF's investment performance to suffer if it is required to close out
a short position earlier than it had intended.

Commodities Risk. Investments by an Underlying ETF in commodity-linked derivative
instruments and companies involved in commodity-related businesses may be subject
to greater volatility than investments in more traditional securities, particularly
if the investments involve leverage. This is because the value of commodity-linked
derivative instruments and companies in commodity-related businesses may be affected
by overall market movements, commodity index volatility, changes in interest rates
or sectors and other factors affecting the value of a particular industry or commodity,
such as weather, disease, embargoes, or political and regulatory developments. The use
of leveraged commodity-linked derivatives creates an opportunity for increased return,
but also creates the possibility for a greater loss.
Risk Lose Money [Text] rr_RiskLoseMoney Remember, in addition to possibly not achieving your investment goals, you could lose all or a portion of your investment in the Fund over short or even long periods of time.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Because the Fund invests primarily in ETFs, it is considered "non-diversified" and may invest a greater percentage of its assets in the securities of a single issuer and may have fewer holdings than other mutual funds, a decline in the value of an investment in any one issuer could cause the Fund's overall value to decline to a greater degree than if the Fund held a more diversified portfolio.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock When the Fund has been in operation for a full calendar year, performance
information will be shown here. Until such time, inception-to-date performance
information as of the end of most recently completed calendar quarter will be
available on the Fund's website at www.atacfund.com or by calling the Fund
toll-free at 855-ATACFUND (855-282-2386). Performance information, when
available, will provide some indication of the risks of investing in the Fund
by showing changes in the Fund's performance from year-to-year and by showing
how the Fund's average annual returns for certain periods compare with those of
a broad measure of market performance.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess When the Fund has been in operation for a full calendar year, performance information will be shown here.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 855-282-2386
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.atacfund.com
ATAC Inflation Rotation Fund (Prospectus Summary) | ATAC Inflation Rotation Fund | Investor Class Shares
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of the offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of the offering price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of amount redeemed within 90 days of purchase) rr_RedemptionFeeOverRedemption (2.00%)
Management Fees rr_ManagementFeesOverAssets 1.25%
Distribution and Service (12b-1) Fee rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.50% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.41% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.41%
Fee Waiver/Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.25%) [2]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.16% [2]
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 219
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 728
[1] Because the Fund is new, these expenses are based on estimated amounts for the Fund's current fiscal year.
[2] Pension Partners, LLC (the "Adviser") has contractually agreed to reimburse the Fund for its operating expenses, and may reduce its management fees, in order to ensure that Total Annual Fund Operating Expenses (excluding acquired fund fees and expenses, brokerage commissions, interest, taxes and extraordinary expenses) do not exceed 1.75% of the average daily net assets of the Fund. Expenses reimbursed and/or fees reduced by the Adviser may be recouped by the Adviser for a period of three fiscal years following the fiscal year during which such waiver or reimbursement was made if such recoupment can be achieved within the foregoing expense limits. The Operating Expense Limitation Agreement will be in effect and cannot be terminated through at least one year from the effective date of this Prospectus, subject thereafter to termination at any time upon 60 days' written notice by either the Trust or the Adviser through December 31, 2014. The Trust's Board of Trustees (the "Board") must consent to the termination of the Operating Expense Limitation Agreement by the Adviser after one year from the effective date of this Prospectus, which consent shall not be unreasonably withheld.
XML 13 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 14 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Sep. 10, 2012
Registrant Name dei_EntityRegistrantName Managed Portfolio Series
Central Index Key dei_EntityCentralIndexKey 0001511699
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Sep. 10, 2012
Document Effective Date dei_DocumentEffectiveDate Sep. 10, 2012
ATAC Inflation Rotation Fund (Prospectus Summary) | ATAC Inflation Rotation Fund | Investor Class Shares
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol ATACX
XML 15 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 3 50 1 true 3 0 false 2 false false R1.htm 0011 - Document - Document And Entity Information {Elements} Sheet http://www.atacfund.com/role/DocumentDocumentandEntityInformation Document And Entity Information false true R2.htm 0112 - Document - Risk/Return Summary {Unlabeled} (ATAC Inflation Rotation Fund) Sheet http://www.atacfund.com/role/RiskReturn_S000038237Member Risk/Return Summary (ATAC Inflation Rotation Fund) false false R6.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data true false All Reports Book All Reports ck0001511699-20120910.xml ck0001511699-20120910.xsd ck0001511699-20120910_cal.xml ck0001511699-20120910_def.xml ck0001511699-20120910_lab.xml ck0001511699-20120910_pre.xml true true