0000910472-13-001510.txt : 20130424 0000910472-13-001510.hdr.sgml : 20130424 20130424095250 ACCESSION NUMBER: 0000910472-13-001510 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130424 DATE AS OF CHANGE: 20130424 EFFECTIVENESS DATE: 20130424 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NORTHERN LIGHTS FUND TRUST II CENTRAL INDEX KEY: 0001518042 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-174926 FILM NUMBER: 13777995 BUSINESS ADDRESS: STREET 1: 450 WIRELESS BLVD CITY: HAUPPAUGE STATE: NY ZIP: 11788 BUSINESS PHONE: 631-470-2600 MAIL ADDRESS: STREET 1: 450 WIRELESS BLVD CITY: HAUPPAUGE STATE: NY ZIP: 11788 0001518042 S000035707 Witherspoon Managed Futures Strategy Fund C000109408 Witherspoon Managed Futures Strategy Fund Class I Shares CTAIX C000109409 Witherspoon Managed Futures Strategy Fund Class A Shares CTAAX 497 1 xbrl497.htm 497 GemCom, LLC

Northern Lights Fund Trust II

Witherspoon Managed Futures Strategy Fund


Incorporated herein by reference is the definitive version of the supplement for the Witherspoon Managed Futures Strategy Fund pursuant to Rule 497 (e) under the Securities Act of 1933, as amended, on April 22, 2013 (SEC Accession No. 0000910472-13-001490).



EX-101.INS 2 nlf-20130422.xml 0001518042 2013-04-22 2013-04-22 0001518042 nlf:S000035707Member 2013-04-22 2013-04-22 0001518042 nlf:S000035707Member nlf:C000109409Member 2013-04-22 2013-04-22 0001518042 nlf:S000035707Member nlf:C000109408Member 2013-04-22 2013-04-22 iso4217:USD xbrli:pure Other 2013-04-22 NORTHERN LIGHTS FUND TRUST II 0001518042 false nlf CTAAX CTAIX 2013-04-22 2013-04-22 2013-04-22 <p style="text-align: left"><b>Witherspoon Managed Futures Strategy Fund</b></p> <p style="margin: 0px">In the Fee Table, under the heading &#147;Fees and Expenses of the Fund,&#148; the disclosure with respect to the 1.00% Maximum Deferred Sales Charge (Load) for Class A shares is deleted. There is no Maximum Deferred Sales Charge (Load) for Class A shares. As a result, the Fee Table has been revised and replaced in its entirety with the following:</p> <p style="margin: 0px"><b>Shareholder Fees </b><i>(fees paid directly from your investment)</i></p> <p style="margin: 0px"><b>Annual Fund Operating Expenses</b> <i>(expenses that you pay each year as a percentage of the value of your investment)</i></p> 0.0575 0.0000 0.0000 .0000 -0.0100 -0.0100 0.0140 0.0140 0.0025 .0000 0.0030 0.0030 0.0015 0.0015 0.0210 0.0185 <div style="display: none">~ http://nlfund.com/role/ShareholderFeesData column period compact * column dei_LegalEntityAxis compact nlf_S000035707Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <div style="display: none">~ http://nlfund.com/role/OperatingExpensesData column period compact * column dei_LegalEntityAxis compact nlf_S000035707Member column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <p>These expenses are based on estimated amounts for the Fund&#146;s current fiscal year.</p> <p>Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Fund&#146;s Total Annual Fund Operating Expenses. This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively. Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pool&#146; profits. Because performance-based fees cannot be meaningfully estimated, they are not included. The expenses of the Fund&#146;s wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.</p> 2014-03-31 <p style="margin: 0px; font: 12pt Garamond,Times New Roman; text-align: center"><b>Witherspoon Managed Futures Strategy Fund</b></p> <p style="margin: 0px; font: 12pt Garamond,Times New Roman; text-align: center"><b>Class I Shares</b> <b>(Symbol: CTAIX)</b></p> <p style="margin: 0px; font: 12pt Garamond,Times New Roman; text-align: center"><b>Class A Shares (Symbol: CTAAX)</b></p> <p style="margin: 0px; text-align: center"><br /></p> <p style="margin: 0px; text-align: center"><br /></p> <p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center"><b>Supplement dated April 22, 2013<br /> to the Prospectus dated January 18, 2013, as supplemented</b></p> <p style="margin: 0px; font: 20pt Garamond,Times New Roman; text-align: center">__________________________________________</p> <p style="margin: 0px"><br /></p> <p style="margin-top: 0px; margin-bottom: 13.33px; font: 12pt Garamond,Times New Roman; text-align: justify">In the Fee Table, under the heading &#147;Fees and Expenses of the Fund,&#148; the disclosure with respect to the 1.00% Maximum Deferred Sales Charge (Load) for Class A shares is deleted. &#160;There is no Maximum Deferred Sales Charge (Load) for Class A shares. &#160;As a result, the Fee Table has been revised and replaced in its entirety with the following:</p> <div style="text-align: center"> <table cellpadding="0" cellspacing="0" style="margin-top: 0px; font-size: 10pt; width: 820px"><tr style="height: 0px; font-size: 0"> <td style="width: 657px"></td><td style="width: 82px"></td><td style="width: 81px"></td></tr> <tr><td style="margin-top: 0px; background-color: #D9D9D9; vertical-align: top; width: 657px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman"><b>Shareholder Fees</b></p> <p style="margin: 0px; font: 11pt Garamond,Times New Roman"><i>(fees paid directly from your investment)</i></p> </td><td style="margin-top: 0px; background-color: #D9D9D9; vertical-align: top; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center"><b>Class A</b></p> </td><td style="margin-top: 0px; background-color: #D9D9D9; vertical-align: top; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center"><b>Class I</b></p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">5.75%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">None</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Maximum Deferred Sales Charge (Load)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">None</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">None</p> </td></tr> <tr><td style="margin-top: 0px; vertical-align: bottom; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Redemption Fee (as a percentage of amount redeemed within 30 days of purchase)</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">1.00%</p> </td><td style="margin-top: 0px; vertical-align: bottom; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">1.00%</p> </td></tr> <tr><td style="margin-top: 0px; background-color: #D9D9D9; vertical-align: top; width: 657px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman"><b>Annual Fund Operating Expenses</b></p> <p style="margin: 0px; font: 11pt Garamond,Times New Roman"><i>(expenses that you pay each year as a percentage of the value of your investment)</i></p> </td><td style="margin-top: 0px; background-color: #D9D9D9; width: 82px"><p style="margin: 0px; padding: 0px; font-size: 11pt">&#160;</p></td> <td style="margin-top: 0px; background-color: #D9D9D9; vertical-align: top; width: 81px"><p style="margin: 0px; padding: 0px; font-size: 11pt">&#160;</p></td></tr> <tr><td style="margin-top: 0px; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Management Fees</p> </td><td style="margin-top: 0px; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">1.40%</p> </td><td style="margin-top: 0px; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">1.40%</p> </td></tr> <tr><td style="margin-top: 0px; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Distribution and Service (Rule 12b-1) Fees </p> </td><td style="margin-top: 0px; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">0.25%</p> </td><td style="margin-top: 0px; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">0.00%</p> </td></tr> <tr><td style="margin-top: 0px; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Other Expenses<sup>(1)</sup></p> </td><td style="margin-top: 0px; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">0.30%</p> </td><td style="margin-top: 0px; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">0.30%</p> </td></tr> <tr><td style="margin-top: 0px; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Acquired Fund Fees and Expenses</p> </td><td style="margin-top: 0px; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">0.15%</p> </td><td style="margin-top: 0px; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">0.15%</p> </td></tr> <tr><td style="margin-top: 0px; width: 657px"><p style="margin: 0px; padding-left: 12px; text-indent: -12px; font: 11pt Garamond,Times New Roman">Total Annual Fund Operating Expenses</p> </td><td style="margin-top: 0px; width: 82px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">2.10%</p> </td><td style="margin-top: 0px; width: 81px"><p style="margin: 0px; font: 11pt Garamond,Times New Roman; text-align: center">1.85%</p> </td></tr> </table> </div> <p style="margin-top: 2.66px; margin-bottom: -1pt; font-size: 1pt"></p><p style="margin-top: 0px; margin-bottom: -2px; width: 48px; font: 8pt Garamond,Times New Roman; float: left"><sup>(1) </sup></p> <p style="margin-top: 0px; margin-bottom: 5.33px; padding-left: 12.46px; text-indent: -2px; font: 8pt Garamond,Times New Roman; text-align: justify">These expenses are based on estimated amounts for the Fund&#146;s current fiscal year. &#160;Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Fund&#146;s Total Annual Fund Operating Expenses. &#160;This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively. &#160;Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pool&#146;s profits. &#160;Because performance-based fees cannot be meaningfully estimated, they are not included. &#160;The expenses of the Fund&#146;s wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.</p> <p style="margin-top: 0px; margin-bottom: -2px; width: 48px; font: 8pt Garamond,Times New Roman; clear: left; float: left"><sup>(2)</sup></p> <p style="margin: 0px; padding-left: 12px; text-indent: -2px; font: 8pt Garamond,Times New Roman; text-align: justify">Pursuant to an operating expense limitation agreement between Witherspoon Asset &#160;Management LLC, (the &#147;Adviser&#148;) and the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of any taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies or underlying pools in which the Fund may invest, or extraordinary expenses such as litigation) for the Fund do not exceed 1.99% and 1.74% of the Fund&#146;s average net assets, for Class A and Class I shares respectively, through March 31, 2014, subject thereafter to annual re-approval of the agreement by the Trust&#146;s Board of Trustees (the &#147;Board of Trustees&#148;). &#160;This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees. &#160;The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid. &#160;The Adviser is permitted to seek reimbursement from the Fund for the prior three fiscal years, as long as the reimbursement does not cause the Fund&#146;s operating expenses to exceed the expense cap.</p> <p style="margin-top: 0px; margin-bottom: 13.33px; clear: left; text-align: justify"><br /></p> <p style="margin-top: 0px; margin-bottom: 13.33px; font: 12pt Garamond,Times New Roman">The disclosure under the heading &#147;<i>Portfolio Holdings Information</i>&#148; is hereby deleted in its entirety and replaced with the following:</p> <p style="margin-top: 0px; margin-bottom: 13.33px; font: 12pt Garamond,Times New Roman; text-align: justify">A description of the Fund's policies regarding the release of portfolio holdings information is available in the Fund's Statement of Additional Information. The Fund may, from time to time, make available month-end portfolio holdings information on the website <u>www.witherspoonfunds.com</u><u></u>, which may include information about the Fund's investments in securities of Underlying Pools, swaps, structured notes or other investments, and the investment managers accessed through such investments. If month-end portfolio holdings information is posted to the website, the information is expected to be posted approximately 10 business days or sooner after the month-end and remain available until new information for the next month is posted. Shareholders may request portfolio holdings schedules at no charge by calling 1-855-754-7934. </p> <p style="font: 12pt/20pt Garamond,Times New Roman; margin: 0px; text-align: center">_________________________</p> <p style="line-height: 14pt; margin: 0px"><br /></p> <p style="font: 12pt/14pt Garamond,Times New Roman; margin: 0px; text-align: justify"><i>This Supplement and the existing Prospectus and Statement of Additional Information dated January 18, 2013, as supplemented, provide relevant information for all shareholders and should be retained for future reference. &#160;The Prospectus and the Statement of Additional Information have been filed with the U.S. Securities and Exchange Commission, are incorporated by reference, and can be obtained without charge by calling 1-855-754-7934.</i></p> <p style="margin-top: 0px; margin-bottom: 12.2px"><br /></p> <p style="margin-top: 0px; margin-bottom: 12.2px"><br /> <br /></p> <p style="margin: 0px"><br /></p> <p style="margin-top: 0px; margin-bottom: 12.2px"><br /></p> www.witherspoonfunds.com 1-855-754-7934 These expenses are based on estimated amounts for the Funds current fiscal year. Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Funds Total Annual Fund Operating Expenses. This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively. Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pools profits. Because performance-based fees cannot be meaningfully estimated, they are not included. The expenses of the Funds wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense. Pursuant to an operating expense limitation agreement between Witherspoon Asset Management LLC, (the Adviser) and the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of any taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies or underlying pools in which the Fund may invest, or extraordinary expenses such as litigation) for the Fund do not exceed 1.99% and 1.74% of the Funds average net assets, for Class A and Class I shares respectively, through March 31, 2014, subject thereafter to annual re-approval of the agreement by the Trusts Board of Trustees (the Board of Trustees). This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees. The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid. The Adviser is permitted to seek reimbursement from the Fund for the prior three fiscal years, as long as the reimbursement does not cause the Funds operating expenses to exceed the expense cap. EX-101.SCH 3 nlf-20130422.xsd 0004 - Document - Risk/Return Summary {Unlabeled} link:presentationLink link:calculationLink link:definitionLink 0005 - Schedule - Shareholder Fees link:presentationLink link:calculationLink link:definitionLink 0006 - Schedule - Annual Fund Operating Expenses link:presentationLink link:calculationLink link:definitionLink 0007 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 0008 - Schedule - Expense Example, No Redemption {Transposed} link:presentationLink link:calculationLink link:definitionLink 0009 - Schedule - Annual Total Returns link:presentationLink link:calculationLink link:definitionLink 0010 - Schedule - Average Annual Total Returns {Transposed} link:presentationLink link:calculationLink link:definitionLink 0011 - Document - Risk/Return Detail {Unlabeled} link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 nlf-20130422_cal.xml EX-101.DEF 5 nlf-20130422_def.xml EX-101.LAB 6 nlf-20130422_lab.xml Witherspoon Managed Futures Strategy Fund Legal Entity [Axis] Witherspoon Managed Futures Strategy Fund Class A Shares Share Class [Axis] Witherspoon Managed Futures Strategy Fund Class I Shares Prospectus: [Table] Prospectus [Line Items] Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Amendment Description Trading Symbol Document Creation Date Document Effective Date Prospectus Date Risk/Return [Heading] Supplement [Text Block] Objective [Heading] Objective, Primary [Text Block] Objective, Secondary [Text Block] Expense [Heading] Expense Narrative [Text Block] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management Fees (as a percentage of Assets) Distribution and Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Other Expenses (as a percentage of Assets): Acquired Fund Fees and Expenses Expenses (as a percentage of Assets) Fee Waiver or Reimbursement Net Expenses (as a percentage of Assets) Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Portfolio Turnover, Rate Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expense Exchange Traded Fund Commissions [Text] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expense Example [Heading] Expense Example by Year [Heading] Expense Example Narrative [Text Block] Expense Example by, Year, Caption [Text] Expense Example, with Redemption, 1 Year Expense Example, with Redemption, 3 Years Expense Example, with Redemption, 5 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years Expense Example, No Redemption, 5 Years Expense Example, No Redemption, 10 Years Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Risk [Heading] Risk Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Risk Lose Money [Text] Risk Nondiversified Status [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Annual Return Caption [Text] Annual Return, Column [Text] Annual Return, Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Heading Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table One Class of after Tax Shown [Text] Performance Table Explanation after Tax Higher Performance Table Narrative Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Performance Table Footnotes Performance Table Closing [Text Block] Caption Column Label 1 Year 5 Years 10 Years Since Inception Inception Date Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Example, With Redemption [Table] Expense Example, No Redemption [Table] Bar Chart [Table] Performance [Table] Market Index Performance [Table] Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) Maximum Deferred Sales Charge (Load) Redemption Fee (as a percentage of amount redeemed within 30 days of purchase) Management Fees Distribution and Service (Rule 12b-1) Fees Other Expenses Total Annual Fund Operating Expenses Expense Example: Expense Example, By Year, Column [Text] Expense Example, No Redemption: Expense Example, No Redemption, By Year, Column [Text] Bar Chart Table: Average Annual Return: Risk/Return: Risk/Return Detail [Table] Witherspoon Managed Futures Strategy Fund Witherspoon Managed Futures Strategy Fund Class A Shares Witherspoon Managed Futures Strategy Fund Class I Shares Supplemental Risk/Return Information EX-101.PRE 7 nlf-20130422_pre.xml XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; word-wrap: break-word; } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } EXCEL 9 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%]A,C4P8C0P8U\T9#8Q7S1C-V1?.35F8E\U,V(Q M-#$Q.3DT-SDB#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T#I%>&-E;%=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D/@T*("`\8F]D>3X-"B`@ M(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D('=I=&@@36EC'1087)T7V$R-3!B-#!C7S1D-C%?-&,W9%\Y-69B7S4S M8C$T,3$Y.30W.0T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO+R]#.B]A,C4P M8C0P8U\T9#8Q7S1C-V1?.35F8E\U,V(Q-#$Q.3DT-SDO5V]R:W-H965T'0O:F%V87-C3X-"B`@("`\=&%B;&4@8VQA M2!&=6YD/'-P86X^/"]S<&%N/CPO=&0^ M#0H@("`@("`\+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'`@6QE/3-$)VUA6QE/3-$)VUA6UB;VPZ($-404%8*3PO8CX\+W`^#0H-"CQP('-T M>6QE/3-$)VUA'0M86QI9VXZ M(&-E;G1E'0M M86QI9VXZ(&-E;G1E#L@9F]N=#H@,C!P="!'87)A;6]N9"Q4:6UE'0M86QI9VXZ(&-E;G1E'!E;G-E&EM=6T@1&5F97)R M960@4V%L97,@0VAA2!W:71H('1H92!F;VQL M;W=I;F6QE/3-$)W1E>'0M86QI9VXZ(&-E;G1E M6QE/3-$)VUA#L@9F]N="US:7IE.B`Q,'!T.R!W M:61T:#H@.#(P<'@G/CQTF4Z(#`[)SX-"@T* M"3QT9"!S='EL93TS1"=W:61T:#H@-C4W<'@G/CPO=&0^/'1D('-T>6QE/3-$ M)W=I9'1H.B`X,G!X)SX\+W1D/CQT9"!S='EL93TS1"=W:61T:#H@.#%P>"<^ M/"]T9#X\+W1R/@T*#0H\='(^/'1D('-T>6QE/3-$)VUA#L@8F%C:V=R;W5N9"UC;VQO#L@ M9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE"<^/'`@#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'0M86QI9VXZ(&-E;G1E"<^/'`@ M#L@=&5X M="UI;F1E;G0Z("TQ,G!X.R!F;VYT.B`Q,7!T($=A#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'0M86QI9VXZ(&-E;G1E6QE/3-$)VUA#L@=F5R=&EC86PM86QI M9VXZ(&)O='1O;3L@=VED=&@Z(#@Q<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@ M9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE&EM=6T@ M1&5F97)R960@4V%L97,@0VAA"<^/'`@6QE/3-$)VUA#L@=F5R=&EC86PM86QI9VXZ(&)O='1O;3L@=VED=&@Z(#@Q M<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4 M:6UE"<^/'`@#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'0M86QI9VXZ(&-E;G1E"<^/'`@'!E;G-E6]U6QE/3-$)VUA#L@8F%C:V=R;W5N M9"UC;VQO6QE/3-$)VUA M"<^/'`@#L@9F]N="US:7IE.B`Q,7!T)SXF(S$V,#L\+W`^/"]T9#X\ M+W1R/@T*#0H\='(^/'1D('-T>6QE/3-$)VUA#L@=VED M=&@Z(#8U-W!X)SX\<"!S='EL93TS1"=M87)G:6XZ(#!P>#L@<&%D9&EN9RUL M969T.B`Q,G!X.R!T97AT+6EN9&5N=#H@+3$R<'@[(&9O;G0Z(#$Q<'0@1V%R M86UO;F0L5&EM97,@3F5W(%)O;6%N)SY-86YA9V5M96YT($9E97,\+W`^#0H- M"CPO=&0^/'1D('-T>6QE/3-$)VUA#L@=VED=&@Z(#@R M<'@G/CQP('-T>6QE/3-$)VUA"<^/'`@6QE/3-$ M)VUA'0M:6YD96YT M.B`M,3)P>#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE6QE/3-$)VUA#L@=VED M=&@Z(#@R<'@G/CQP('-T>6QE/3-$)VUA"<^/'`@6QE/3-$)VUA'0M M:6YD96YT.B`M,3)P>#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE6QE/3-$)VUA#L@=VED=&@Z(#@R<'@G M/CQP('-T>6QE/3-$)VUA"<^/'`@6QE/3-$)VUA M'0M:6YD96YT.B`M M,3)P>#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE6QE/3-$)VUA#L@=VED=&@Z(#@R<'@G/CQP('-T M>6QE/3-$)VUA"<^/'`@6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@ M9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'!E;G-E"<^/'`@'0M86QI9VXZ(&-E;G1E6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@ M+3%P=#L@9F]N="US:7IE.B`Q<'0G/CPO<#X\<"!S='EL93TS1"=M87)G:6XM M=&]P.B`P<'@[(&UA#L@<&%D9&EN9RUL969T M.B`Q,BXT-G!X.R!T97AT+6EN9&5N=#H@+3)P>#L@9F]N=#H@.'!T($=A2<^5&AE M2!P M;V]L6EN9R!0;V]L M(&5X<&5N'!E;G-E'!E;G-E2T@;W=N960@4W5B2!A6QE/3-$ M)VUA#L@;6%R9VEN+6)O='1O;3H@+3)P>#L@=VED=&@Z M(#0X<'@[(&9O;G0Z(#AP="!'87)A;6]N9"Q4:6UE6QE/3-$)VUA'0M:6YD96YT.B`M,G!X.R!F;VYT.B`X<'0@1V%R86UO;F0L5&EM97,@ M3F5W(%)O;6%N.R!T97AT+6%L:6=N.B!J=7-T:69Y)SY0=7)S=6%N="!T;R!A M;B!O<&5R871I;F<@97AP96YS92!L:6UI=&%T:6]N(&%G'!E;G-E2!T87AE2!M97)G M97(@;W(@'!E M;G-E2!I;G9E2P@=&AR;W5G:"!-87)C M:"`S,2P@,C`Q-"P@2!B>2P@;W(@ M=VET:"!T:&4@8V]N'!E;G-E65A'!E;G-E M&-E960@=&AE(&5X<&5N2<^/&)R("\^/"]P/@T* M#0H\<"!S='EL93TS1"=M87)G:6XM=&]P.B`P<'@[(&UA2!D96QE=&5D(&EN(&ET2!A;F0@2<^ M02!D97-C2P@9G)O;2!T:6UE M('1O('1I;64L(&UA:V4@879A:6QA8FQE(&UO;G1H+65N9"!P;W)T9F]L:6\@ M:&]L9&EN9W,@:6YF;W)M871I;VX@;VX@=&AE('=E8G-I=&4@/'4^=W=W+G=I M=&AE2!I;F-L M=61E(&EN9F]R;6%T:6]N(&%B;W5T('1H92!&=6YD)W,@:6YV97-T;65N=',@ M:6X@'!E8W1E9"!T;R!B92!P;W-T960@87!P2`Q M,"!B=7-I;F5S'0@;6]N=&@@:7,@<&]S=&5D+B!3:&%R96AO;&1E#L@=&5X="UA;&EG;CH@8V5N=&5R)SY?7U]?7U]? M7U]?7U]?7U]?7U]?7U]?7U]?/"]P/@T*#0H\<"!S='EL93TS1"=L:6YE+6AE M:6=H=#H@,31P=#L@;6%R9VEN.B`P<'@G/CQB'0M86QI9VXZ(&IU6QE/3-$)VUA6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@ M,3(N,G!X)SX\8G(@+SX\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^/'`@&EM=6T@1&5F97)R960@4V%L97,@0VAA M&EM=6T@1&5F97)R960@4V%L97,@0VAA"<^ M/&(^4VAA2!F2!&=6YD/&)R/CPO2!&=6YD($-L87-S($$@4VAA&EM M=6T@1&5F97)R960@4V%L97,@0VAA7,@;V8@<'5R8VAA'0^/'`@'!E;G-E6]U('!A>2!E86-H('EE87(@87,@82!P97)C96YT86=E(&]F('1H92!V M86QU92!O9B!Y;W5R(&EN=F5S=&UE;G0I/"]I/CPO<#X\2!&=6YD/&)R/CPO2!&=6YD($-L87-S($$@4VAA2!&=6YD($-L87-S($D@4VAA2!P;V]L6EN9R!0;V]L(&5X<&5N'!E;G-E'!E;G-E2T@;W=N960@4W5B2!A'!E;G-EF%T:6]N+"!I;F1I6EN9R!P;V]L'1R86]R9&EN87)Y(&5X<&5N&-E960@,2XY.24@ M86YD(#$N-S0E(&]F('1H92!&=6YD2!T:&4@5')U M'!E;G-E(&QI;6ET871I;VX@86=R965M96YT M(&-A;B!B92!T97)M:6YA=&5D(&]N;'D@8GDL(&]R('=I=&@@=&AE(&-O;G-E M;G0@;V8L('1H92!";V%R9"!O9B!4'!E;G-E(&-A<"X\+W1D M/@T*("`@("`@("`@("`@/"]T7!E.B!T M97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE M860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT M96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^3D]25$A%4DX@3$E'2%13($953D0@5%)54U0@24D\4-E;G1R86Q);F1E M>$ME>3PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^,#`P,34Q.#`T M,CQS<&%N/CPO'0^9F%L6UB;VP\ M+W1D/@T*("`@("`@("`\=&0@8VQA'0^07!R(#(R M+`T*"0DR,#$S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M6UB;VP\+W1D/@T* M("`@("`@("`\=&0@8VQA'0^0U1!05@\&EM=6T@4V%L97,@0VAA&EM=6U$969E M6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA'0^0U1!25@\&EM=6T@4V%L97,@0VAA&EM=6U$969E M#L@ M9F]N=#H@,3)P="!'87)A;6]N9"Q4:6UE'0M86QI M9VXZ(&-E;G1E6UB;VPZ($-404%8*3PO M8CX\+W`^#0H\<"!S='EL93TS1"=M87)G:6XZ(#!P>#L@=&5X="UA;&EG;CH@ M8V5N=&5R)SX\8G(@+SX\+W`^#0H\<"!S='EL93TS1"=M87)G:6XZ(#!P>#L@ M=&5X="UA;&EG;CH@8V5N=&5R)SX\8G(@+SX\+W`^#0H\<"!S='EL93TS1"=M M87)G:6XZ(#!P>#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'0M86QI9VXZ(&-E;G1E2`Q."P@,C`Q,RP@87,@6QE/3-$)VUA2<^26X@=&AE($9E92!486)L92P@=6YD97(@=&AE(&AE861I;F<@)B,Q M-#<[1F5E6QE/3-$)VUA#L@9F]N="US:7IE.B`Q,'!T.R!W:61T M:#H@.#(P<'@G/CQTF4Z(#`[)SX-"@D\=&0@ M6QE/3-$)VUA6QE/3-$)VUA#L@8F%C:V=R;W5N9"UC;VQO M6QE/3-$)VUA6QE/3-$)VUA#L@8F%C:V=R;W5N9"UC;VQO6QE/3-$)VUA6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@ M9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE&EM=6T@ M4V%L97,@0VAA6QE/3-$)VUA#L@=F5R=&EC86PM86QI9VXZ(&)O M='1O;3L@=VED=&@Z(#@R<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA#L@=F5R=&EC86PM86QI9VXZ(&)O='1O;3L@=VED=&@Z(#@Q M<'@G/CQP('-T>6QE/3-$)VUA"<^ M/'`@#L@ M=&5X="UI;F1E;G0Z("TQ,G!X.R!F;VYT.B`Q,7!T($=A"<^/'`@#L@ M9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'0M86QI M9VXZ(&-E;G1E6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@9F]N=#H@,3%P M="!'87)A;6]N9"Q4:6UE6QE/3-$)VUA#L@=F5R=&EC86PM86QI9VXZ(&)O='1O;3L@=VED=&@Z(#@R M<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA#L@=F5R M=&EC86PM86QI9VXZ(&)O='1O;3L@=VED=&@Z(#@Q<'@G/CQP('-T>6QE/3-$ M)VUA6QE/3-$)VUA6QE/3-$)VUA6]U('!A>2!E86-H('EE87(@87,@82!P97)C96YT M86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S=&UE;G0I/"]I/CPO<#X- M"CPO=&0^/'1D('-T>6QE/3-$)VUA#L@8F%C:V=R;W5N M9"UC;VQO6QE/3-$)VUA M6QE/3-$)VUA#L@ M8F%C:V=R;W5N9"UC;VQO6QE/3-$)VUA6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@9F]N=#H@,3%P="!'87)A;6]N M9"Q4:6UE6QE/3-$)VUA#L@=VED=&@Z(#@R<'@G/CQP M('-T>6QE/3-$)VUA6QE/3-$)VUA#L@=VED=&@Z(#@Q M<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA'0M:6YD96YT.B`M,3)P>#L@9F]N M=#H@,3%P="!'87)A;6]N9"Q4:6UE'0M86QI9VXZ(&-E;G1E'0M86QI9VXZ(&-E;G1E6QE/3-$)VUA#L@=VED=&@Z(#8U-W!X)SX\<"!S='EL93TS1"=M87)G:6XZ(#!P>#L@ M<&%D9&EN9RUL969T.B`Q,G!X.R!T97AT+6EN9&5N=#H@+3$R<'@[(&9O;G0Z M(#$Q<'0@1V%R86UO;F0L5&EM97,@3F5W(%)O;6%N)SY/=&AE'!E;G-E M"<^/'`@"<^/'`@"<^/'`@#L@=&5X="UI;F1E;G0Z("TQ,G!X.R!F;VYT.B`Q,7!T($=A'!E;G-E M6QE/3-$)VUA#L@=VED M=&@Z(#@R<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA#L@=VED=&@Z(#@Q<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$ M)VUA'0M:6YD96YT M.B`M,3)P>#L@9F]N=#H@,3%P="!'87)A;6]N9"Q4:6UE'!E;G-E6QE/3-$)VUA#L@=VED=&@Z(#@R<'@G M/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA#L@=VED=&@Z M(#@Q<'@G/CQP('-T>6QE/3-$)VUA6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@+3%P M=#L@9F]N="US:7IE.B`Q<'0G/CPO<#X\<"!S='EL93TS1"=M87)G:6XM=&]P M.B`P<'@[(&UA#L@=&5X="UI;F1E;G0Z("TR<'@[(&9O;G0Z(#AP="!'87)A;6]N9"Q4 M:6UE'0M86QI9VXZ(&IU'!E M;G-E2!P97)F;W)M86YC92!F965S(&5S=&EM871E9"!T;R!R86YG92!F6EN9R!0;V]L)B,Q-#8[2!E#L@ M9F]N=#H@.'!T($=A6QE M/3-$)VUA'0M:6YD M96YT.B`M,G!X.R!F;VYT.B`X<'0@1V%R86UO;F0L5&EM97,@3F5W(%)O;6%N M.R!T97AT+6%L:6=N.B!J=7-T:69Y)SY0=7)S=6%N="!T;R!A;B!O<&5R871I M;F<@97AP96YS92!L:6UI=&%T:6]N(&%G'!E;G-E2!T87AE M2!M97)G97(@;W(@'!E;G-E2!I;G9E2P@=&AR;W5G:"!-87)C:"`S,2P@,C`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`Q,"!B=7-I;F5S'0@;6]N M=&@@:7,@<&]S=&5D+B!3:&%R96AO;&1E6QE/3-$)VQI;F4M:&5I9VAT.B`Q-'!T.R!M87)G:6XZ M(#!P>"<^/&)R("\^/"]P/@T*/'`@'0M M86QI9VXZ(&IU6QE/3-$)VUA#L@;6%R9VEN+6)O='1O;3H@,3(N,G!X)SX\8G(@+SX\+W`^#0H\<"!S M='EL93TS1"=M87)G:6XM=&]P.B`P<'@[(&UA"<^/&)R("\^#0H\8G(@+SX\+W`^#0H\<"!S='EL93TS1"=M87)G:6XZ(#!P M>"<^/&)R("\^/"]P/@T*/'`@6QE/3-$)VUA'!E;G-E'1=/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^/'`@'!E;G-E'0^/'`@'!E;G-E6]U('!A>2!E86-H('EE87(@87,@82!P97)C96YT M86=E(&]F('1H92!V86QU92!O9B!Y;W5R(&EN=F5S=&UE;G0I/"]I/CPO<#X\ M'0^,C`Q-"TP,RTS,3QS<&%N/CPO M'1=/"]T9#X-"B`@("`@("`@ M/'1D(&-L87-S/3-$=&@^'!E;G-E'!E;G-E'1R86]R9&EN87)Y($5X<&5N'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^45X<&5N'!E;G-E2X@56YD97)L>6EN9R!0;V]L2!E'!E;G-E2!P97)F;W)M86YC92!F965S(&5S=&EM871E9"!T;R!R86YG M92!F6EN9R!0;V]L2!E&-L=7-I=F4@;V8@86YY('1A>&5S M+"!I;G1E'!E;G-E2!E>'!E;G-E&UL/@T*+2TM+2TM/5]. M97AT4&%R=%]A,C4P8C0P8U\T9#8Q7S1C-V1?.35F8E\U,V(Q-#$Q.3DT-SDM #+0T* ` end XML 10 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

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

" + text[p] + "

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

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
ZIP 11 0000910472-13-001510-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000910472-13-001510-xbrl.zip M4$L#!!0````(`*).F$([YFJ>=A$``+!M```0`!P`;FQF+3(P,3,P-#(R+GAM M;%54"0`#O^-W4;_C=U%U>`L``00E#@``!#D!``#M'5USV[CQO3/]#Z@RN28= M41(E.;;E)!W%22YN6],N_3\.`7#$90)^1<-$KPB?GMS M_A&^&O@]TFET?>(X%8#]BT6^D%_/SW)@8Z4FO6;S^OJZ$8DK>BWD][CAB6K@ M+D0B/9;#F,7]5L^BX[C2$'#7;K9;;_.V7CQ?>F(74X5&L:.2Q M6C8KX-'WLGGN\?%Q4]_-ABZ-Q,6S-3I-O#V@<0$9$5PS?@D3N.NK?((]^*!I M;LX-Y:5#7YBA/!OJLX5Q,?,:(W'5A!LPWFT[+=?IN-EP'HMNVSU2#C(4XL-/JMMNU3"R0E;U8;]@Y&Q*]"[VQ9#`;ICG9 M^,8T]FOI736;L%>UF(>3`#C:S"`9*?%$I-A4$>Z_JO7CST,$X+2Z3K%D/I1% MBJM9?C6_SGV\,^1,$HT8FV-11O7IV3]KKT%&W0/W"#!\V5R<7"S7+%TO76W" M)!?^,A8@,5*A8KTN2,@@%?>6IH&ZKYB4W5E$:PZ![&+*QJJ\_7:!ZMHY.&P= M_L+"`9/WQNR"?VP4PEWK1GK+!V2FDX![7!E MC*EDIP&-XV+91;[^$,OMQ/+HAUCN1"R/?HAE"CN)N)')KQ=OE\0L9#1.)'N= M1EP]&),!RV[-+X'05L`_IXJ+E2ND:,/'Z@N@=$',GN#&7$+P15("SS%*6PRR M/JLQ[O?BG#)87S3SWAG6K@5J;\A*"/821@_.V8C'2M)(8:*Q=H5/G\\O/[P[ M_T0^GOW\X?*"O/_ZZ2VY//]Z<4G.SLRB93"7USP%M"0-SB*?3?_)9FL7M4W# M2@CV$GT@VD?"WP=TM!;TD`8Q,U#G)MG0+B7%_/1B%@Y$L!8:Z+2!-3=E&UA5 M0H/3RW[_M]VO=V2M=W;3>IG$G4J&^A5M+;(V@+(%W@V'8%;Y%=MZA3D(V1)S M)GLCT$LS+9#G//Y^SE0BHP],,VZ3G:B]_BE0)Q,2JUD`_A.G.33@HZA'`C94 MM9]&Z@1'#/##KQSM2CP1(B*_T(B.F$_>)[`RB\D%J(MBHQE!\+[?@IZ0RA$'6EJ3J2;E+")``GG/ M&+FD@X#5"6`+?A4OCE/N_43#RAK M/H^]0*`5)]?`)P),P>TB2NC;;J/5>@I M*61,8S)@+(+;5SP&H,@#R28!]>`+CPA7,<%@0#(U,]0B@*$(`G$-+.PM[/K* MG;5V7T7T6`1_GF"!$;B5"=<.2>Y'44(#+;8D7S>7 MZH)^4C"`92*OQE0AV<"-&6'4&Y,9HY)0%!\`Y0$7P!!DFG&%Y4/\4IE1J_A@ ML2H5S3>X@:&JV#PP--P%;8W0]U1]6I@Y^[I"ZS3Q:<_>_8`DU5 M<-HG)55WY[:$G#.?A5K'P#+AP.+";K?`@3UP4]37(+%+5*OR>'-434"D0WQF M5*(?QPPW$%B3H$D+FDG?&=:R5O!=".:V6TRK=A(ZA8`4ZNT)X)8MM MA-W;(=SW_I-`;.EC5(;;`!NS'=R,YD*NHY/(6V3O/K_*,AI(JB'KG/4@U8V8SFG^1Y8/ MM*4(6',!B;=445@Z2,*(F`(Q?`LG%#+ROV77?<:_+53L\T$`?@F];)Z4WU:5 MWJU%I+@F$PG\E#/KZO]T^@,DKLH4Y[EG:YQ.XE#"EU*F^^'X$AJ/A^>5>;G* MP7QBUSC[#=69T+M8P9J*;:2>:?*..%V.6K0F5%J!A\$'*R`2O-K!R9HH@+-\P7=Y8F)_O1)WP(<@3;`Y0 MX]?)M4@"GPRPF@?)0>.H\Q2NC;DW+NX`-M2'-3%#24M_B_MT*11LS_J:#.(* MDFW`FBH=@E9Z*C5313Z+6?7)3J/=>JHK=NW&\<'3N>(?7C6?S])"8#VK4_(K M%LP:2YS451]8!Z"$V#U%=&&LD$D@4=)HQ$QU#%>&*QWX!9C0I8TIN`!<%4.N M@,XWS*,)2+^UB&.$7R_E`;$@`\#9D-$(``V3()@5&.C:Y4RKC"4KOMEK5E*W MM7?B&LQN,'.(N(ZP=)H,8NYSM!T(#D0X%@'W-9UID5/$S(:E&9HMGF5.S'M'G:<_O M%]%^BBBQL>IOA=6Z!25IWANLE%ONK;A5Z`4QUJ8/,4Q`VNVZ[N>=0PS12?U* M$0^ET_Y!P2^`]7*/S,0Z6J(X!\ZVE]MV:QL"OU7^J8C.%OOD*#%)24DO#(12 M(H1-ZS0ZG:TD_M\)>)_A['=SHIBN^Z)U[[T$S3@`_7XU[Y*AM"ZF2&8`Q MXZ.Q6I[>9))=!+/%B M0+WO(PF9B>]`JB9DCSQY>XS_3O!1#,4A%A9U4)W4JO%NDT;FLC_4E-FX.= M/-K!9<$/C[#[M4<<H2F*=QF//MQ:1 M&_BS8YD_:!P>/-T9[KL5XT\B8G\L@5T7PCQ2`;QY$W_(W[W+G]6M@)%OF3DT M15V(?'T&29HI-$'TVVE!3C?3Z<$D-:>/55)UGO)(1;4"[H\^:*[:'+C#$'H? MS89W%X%65YO4GI1DC<`<,S?/E2U,+23+4\,]QLNW)V%;';G7N"%K4RK2R&V$ M:%\&MGL+`[LO0WHCCH]-2.RF*EV]2MNJR+/S)&"PP,!QGUL=Y@]7@%J-]BV2 MF?T(4&M'GO@>!6C^M!O7C1--W#/7>+#TZX.7GLZ#-S\5<'QLTI.UO)G`;>E@ MX<$+C?L(3,Z-.#XVH:G2>O+`):?=)JS"-(KGY8Z;8M]W:."0T=K&30,!%4+SY(67H[0'N4NZDNC^V)99=I5D5]UYKN[=CWK[/1'+US1"VM[^BP!L2HC'S^>ULDSW-6BOZ7O M8S.'+!I9GNO=SCM<]*=TD&X!T:MK-;G&QD+=]3%,8]DFZ"@=Q$(.2F42)\%% M;(_1AJN**2'/V!2D/L:EM`;.B*)3;=S0>8.JU,E`BN\P;V1L)H_Q=3LP($\3QKC1M1<94:`N.RQM[FS,D!%MDIM=Q!K,[28N5X@3F`.L#,,PCC=GS M.1^5N1K@%&Z-VS@^-I;3;1QVGZZR"O3*\"P"<:&Z%;1^@Y&=L[$H&5(DHS'Y MA4K`K^/J%K9N'=`=_%MW/6%K$ATJ[*T2F;&7S*$3L)17:/@-8I8\S_2%2PF: M8:/Z1E#IXW!]!X5M08J7!ECRO.2,*BH7&&>TS"KMC-7!`ACGP4QO5=[?A/83 MAXNAT94E5!:M=:9,@,D$8:O4Z\2,?0?V6$VZQ@45JI@S5E@8I[NF59`KHY3& M8IM8(5<"I5M>[@J;7``GDNM/P#8[,(IU*V,@@,LTU@/G@?F"Q5IHC8,L$]"2 MN``-B!%R5?@]`#&YE=O)^PKG',DJ4ZV/8?;SS[@'GN2 MFY-.,:;Q@&C*(7E$>Z(9$'MFP M\9V\1KX!3#^-I$$C+)Y;<3Q8_WJJ54"8#KCA=QVN0_A?+`&DJ['#8,(-B`F# MRS6#``\B,N1[@MS0+^TM0@1\)@S?71SJ?4HR.B6T5;DL8DEJ\-=6`C M83,\C\6QM@G&(6E_:4UOD+-A=2ZB)80\S9A!BY_U%(&YD6B"O'0L.(MTHO9P M4QW#@\=P6V0``4P$2*8M`I+$L`]`8^H=Q_8F&^T**>9BN0Q`7LH#<-77-!U#H\[W4;9"4FNY(7N-F_H0Z_2YK]5#SK@S)RLB]?M8FEEV[9T MBQH$M`TUB_Z#&WL.FV4]29#).)MR4QNP'A?0IU4W&Y>JCQ74,5F]XKXQ>U>8 M>"S*%6R["?LR"4(4XG%6*0!'`!+*3!PPU(_#C`5"D,@JQ(PA M1#4MYT,>V*[F:^,"Q+LP,*:,#C*+>?MIG@/4==(*QDM($'G-F<&LP-)8E33, M$X.4'EP$+=N-&K"V9:&ZOVLWVAO*X[8@,T`;/C*S%]QRD"^;*YX[LU_)5U13 M^L9"LGQ_5K_HNWH^IYL"MS<.$[ M_OV%VMSKZ)]8+PLQUP%C%N3OY/@&LXK7T6\'VMT$=,:6OIQ?`I+8#`Q\O($G MZ8CFD'K*R2!FTS&B6T`B74B8RSC8:0'6D.HS^:KFWHX![@K>NK?GK;N"MRM` M[Y>W[FK>MM?Q-H,YAR*HL/XC'9LHQ2)R%HOR+9Z&`5S'IY-8Y'R]J+W>_BAB MQ0'$[_?8X8_\X'U\?\_;[_G`X&5S3BOO35G;)`L``00E#@``!#D!``#%F-UOVS80P-\'['_@ MM-?)^O*V1$U6N$TR!$B3P4Z*OA6T=+:%4*1'4K&+8/_[CK*E^D-6F,V._2"! MTMWQISOR[NBS]_.0*A/\W`DZOD.`)R+-^/C<>1BXO<''ZVN'*$UY2IG@ M<.YPX;S_X\]YL-NMP\41G0CZJ3B+L MS`U$(1.H;06=^0@Q+ZC&0>@'D>=WO3"Z#X.X>Q+[OUH:U507JC;JST_\Q6^A M?L8R_AB;RY`J(.AWKN*YRLZ=E4^911TAQU[H^X'WY=/-()E`3MV,&_\GX%1: MQDJ37G!Z>NJ5;RO1+E`*!GT8$7/'!5'/6MI3D'3&XLF3TC/OO7ZF M'ON@"\DO0-.,88@ILI>&)A)&.[5Q%81X=\W=]8,ER<]M]O2W*>X.E>53AO[Q MK*`Y&Q4\Q76;;_*N4Z*<08G\;AAN@.QS^L&$2I@(EH*\`E#;WMKB:-'8!]#= MU.003$:7\REP9874JK,/J*7=RSE=6&FE:1;>/\:MZ$,*^=3LQ%#K$M:]:LV'80 MTP"D!3,>7=$A1NE@<.WYL\;[;1VOQWE!&;E"4Z2V0"H350FO8)E(U@"9Z2&$ M_#^E6`">%+G+NE-VE7 M@M^3"1$25PFV\[Y?&:8R60OZ=@>VE/"4V0?&D)MIR"O]D11YJ_^6OA(6\*MN MQ5D=,H-L/-'(^U9AP%2E938L2G_Q=`#R*4L@"(>!35CLM>W"%!XS3*]UQ3'# M=JP[SB)U2?]]O:0OQ0*J MD8/=/?WRY+'5TB\W7?5_$S[Y%U!+`P04````"`"B3IA">N%]CY`+``#6K0`` M%``<`&YL9BTR,#$S,#0R,E]D968N>&UL550)``._XW=1O^-W475X"P`!!"4. M```$.0$``.U=6U/C.A)^WZK]#][LZX;<8`8XPY[*P,PN5<.E"'/.V2=*L17P M8DLYLLVEIN:_K^38(;'5LAP21:X-#Y"$;N7S]\GM;KFC?/KU)0R<)\PBGY*3 M5F^OVW(P<:GGD_N3UO=1>S@Z/3]O.5&,B(<"2O!)B]#6K__\ZU\<_O/I;^VV M\]7'@7?LG%&W?4XF]!?G$H7XV/D7)IBAF+)?G-]0D(A7Z!^?;[[QI[.W.W8& M>_N>TVYK#/8;)AYEWV_.YX,]Q/'TN--Y?G[>(_0)/5/V&.VY5&^X$4V8B^=C M]?9>)ASF&8KYDWZW-^AT]SO]P6V_=[Q_>-P]T!PT1G$2S0?MOAQV9S\S]T^! M3QZ/Q:\QBK##>2?1\4ODG[06#N5YL$?9?:??[?8Z?UQ\&[D/.$1MGPC^7=S* MO<0H,K_>T=%1)_UO;EJR?!FS('^/02>',Q^9_]>+YPZ+Q@>=V3\737W%T`N@ M(_\X2H_D&W51G,ZT2D0.:"&>M7.SMGBIW>NW!US$R&OE.J5D,QK@&SQQQ%\^ M=Y8/*\+NWCU]ZC#6$?_OW/C1XPV.$T;.<(S\@,\&Q+&G`STP/`&]^83I\[]M M\;?=[65(_JX:+WZ=\A,I\L-IP/GI:($FP20A'I_B81'O,DIN)Z`,NOO]?@'( M.M]^](`8?J"!A]E7C*,R6R4<"H]U`+J:BG##X]:7ERDFD18DI<\Z0&7C?GE! MLU&4:.3&ZX=Q26^PA\.I.!-K09(YK@/>9\1.^>2(-123F:X#PC5F$\I"$;!N MT3C`&E!4+NL]P6!U[2!'F/GX M70!G(VP$W&F`HG=A2P?8"+2%R7R!490P_"Z12Z/I@D;,S7'+C"60B@E"GJ>( MS.`@1?/`AV!N,L9MSP]Y.$NC5_9&)6+$*#Z).]RTD]ETI`-L'O?\S=H>#9%? M$W39VP#B])W:(0['F-6$N^RZ>:PH".HA3!TVCXO0>%@76NYC=$[B"4J">.5) MF;LO8^8O^\07"<8W_G0)-WZ)>16(O1RY&'#UE#[V8^'.R[.!TW;._,@-J`A4 M_(EPZ\S\G)FC*`V1\^-+@#G\./JY+M35.?T;S'T!D[J)0%``.4K"$+%7Y\=W M$J`Q#K#W,R^$+.3]N?![C<'YY2X&D[W/'CU)J MV#&,,]PT%G^S8.VG%+)$<[,I">-B?*<$?%*7@+]U] MP_\^E10.3W5R2_5+7R%^Y&8I%TM[M9.\G(&*B%0.C&I$J&)V:N\_+VE%/_&2"SKR]DMF=WUS?.K M=[V30X6(EAS%.V9J,IW.SK1;?M)]YHZ/P&0M&]I+*`1VZW/W:OQ?#MY_PLJI M6[2REV@ITG6'V-59OF:^*",JIC9HW@#>I9`A`0;&!1AA?CGW:DA0=FB`"`!H M2(9]4S)D]SJ4L6;9QEZR)3@A?@\,\WN)F+CG]H0K)CEH;CWK`&1(@`^F!"C< M@#U%2S?R"@F,U-9>ZA5X(=X_;HGW=#VA*G]4N31&!0EL2(Q#8Q?;XBU_Y6D` M6=LK@1(QQ/Z1*?:'A"0H^)H0KX13Y[30=K=7GWJ'H%K*-7K5_DII3&C,06I= MM5PC0RWH]U,A!68R5S3G,&T3N\15' M[3Z(1^EU3T\:E:?]\E2B!R4R5E@O=Z_I%';+IM:+(($+LFZZCLZP?7[]#T:L M!O=+#DU1H`P:U,%TO9WW;M8KNT&OIBA2LPCO&:O"91-'68,H')HB1ADTJ(.Q MJGP9X>]^_/#6W*Q3B^C[-T6ERF,`13-6O!7G`FS?(`DTSP%CJP*CF*>'^/Y5.?4+1O;2+0,*WM M9[YFO=$W5M^+-M'*EE?K)W@1),BKL1)<(-*=V');N]FN.Z&-%=`"G&YN+[>U MF_B:>?S`6#4LP.EE[S)+NTFOE:D/C%6T^38/0^(5MUE0QO1J/WOET,0.BF.L MKEU`IWLA4+K8*TDU;%`-8T5M/FUTI8#M[=6A`C,H@K'2-@>H%9P:$XFTPHZQ MRC5'I;,$+;>UG_$:R\L#8^5L#DXW^83M[1>@;A)JK)S-`>HEHI"U_0+42TB- M5;VULM#&I9XKY9O&"M\BNA623L"O.8K4S'SVC17'1:`U-6F@%)H*&*N5+Q![ MQ/$Y\?!+33%T/.W511L]*-$V*N84GVXF5>UGKSR:V$%QS-T5+@#5R["JO)HC M3*V,:W^AI/[4*1P4?]?'C>R+IMHZ>+Y!VH'3=L2&V5X2B%W<%GPG<[HNUV1-OMB/9_LR/:6QQ+4X1T3VTX]L+6E@;AJL/;XDY3 M;X!4@:-L93XD5Y)(%7`AGC\86Y19C6A;H_0[Q%"&[`^KAAQIS#[EH:[7/=KO M'JEB=M%J"S$;G+!4B=+(A6_^QH=:)&96&YBX:V5Q$29X^3,;A1>V2J)!$A+Q M%5:**"$SOY-U8%FQPJ&&#"E@+#I?H!<_3,+3)$R"=$U_A`*.,MWFXNH)LZO) M!#.?W%\SWP5$J36$O4+5/XRM9X^5D.,'*&QIN398K#G\K2>:&=0%@.?A5*SO M7)'KA+D/*,)1O3.MWE#6B[C"X4"B&ENGSZ#GVP*M'#1U!K!>0.V#`!?R+9&M M,ERJ'!LK4V6H--955PX(5^0&^^0)1S'VSOPGW\/$BX:$/XYBYH\3P6RDI]W* MHUHO[/N.#*Q(C7VD8?Z!=IX@"VSE+W8L?+(!=K!7JRK0D`SF/J.V"%"#^(90 MK237X%XQ\YWI=&8X:&XOZ6K(D``&=WR9PZNDO!$DJRM0T^L'0]>E"8DS\8=1 MA&/@'H;"P5[>JT"#.IA>"GA#J,E^@SA7,[VE)4M%WBDQM)=M""S(]T*I;:[W M2OT=Z?/NJP_+W5>S;:X=L<^U,Q_!R8?8]6+M>K%VO5B[7BQ)2KCKQ=KU8NUZ ML7:]6.KKX*X7:]>+M>O%VD*4WO5B[7JQ=KU8:PL.Y6_KJNC&4CC8N]!1!1K2 MP>"**D'W:?03_6+5RZER:WL%4"+>>A*X>*-T2+P19D^^BWO]<4]'#5UO>]6I M=01;3QP7T5ZQD1_Z`6*7E*RBE]J_&8II'`.DF;'6J5,:3BGAIW\O767.PW"5 M5)5N]BJD!QT2QEASU!QF?S5A(+<&"*.$#@ECK"UJ#G.PFC"06P.$44('ZS=C M&7,=.1HGPBK4&^M6&KI_)C[#GKBI)ZYR/%?1%4++U5Y9].%#(IG^AJQ*19I$ M?TVNC34X\:GP._)%9R>[P7XX3EB4%EE5W%?[V:N%)G:PJ#16TU_B6/=6QOSW#8X31J)-`2MN,24%V.L6`/*Y MC.ZQ%*@1.L5^^+/W.\,Q\H,RXAZ'>4;=1`0\_E`X=&8>SLS%^?&=I+%EC3"+ M(6^V(Q9F_AK[J#;=N&'Z]KOM-]^UUKPW%ZFE4RJ]@6*F,V]=-Y]-WR&T^L[6 M4=74.NBNFGRM\?Z@U10>5E+8V][YN7!1O<`H2EC6&YG!$+_&*,+\E?\!4$L# M!!0````(`*).F$)E.=2LG1X``-_;`0`4`!P`;FQF+3(P,3,P-#(R7VQA8BYX M;6Q55`D``[_C=U&_XW=1=7@+``$$)0X```0Y`0``U9UK;]PXEH:_+[#_@9OY MD@;LV"H[B>WIGH%CQ]O&.G:VRMT]@V`1R"66K8E*JI%4COWOEZ0N)5&\J=+A M.6DL9KNM][!>ZCRBQ".)^OGO3\N$/-*\B+/TEQ?!J_T7A*;S+(K3^U]>_#;; M/9V=75Z^($49IE&89"G]Y46:O?C[W_[S/PC[Y^?_VMTE%S%-HA-RGLUW+]-% M]E=R'2[I"?EOFM(\++/\K^3W,%GSOV3_>#>]8O]9_=P).7AU&)'=78?&?J=I ME.6_32_;QA[*>;6W"Q;YW/:MA6\>EHPF^=A MR?YCLA\<[.T?[DT.;B?!R>'1R?YKQT;+L%P7;:/[3T?[U3]5^,])G'XYX?]S M%Q:4L/V>%B=/1?S+BTY7OAZ\RO+[O$]L;:0#Y=-=GC2_<;#7V&E;9EMC@[[CI(A/"F'O*IN'I<#'^C-$ MJ^#_M=O(=OF?=H/)[@'+3!&]:':^V(-YEM`I71#1S9/R><60+.+E*N&FQ-\> M,-_Z"_UGZ_".YJ\(%S)D-/VZ[C75AVT MY]OL1YK'6?0^W?D-'>C&>^_";5:&R5;FNY'>;5_3[?;X)L[_ MGF9G#KK=GNY$]FTG_(]7[-]ZQNE3R4XY-&JL\[8,`YSX*3'NUFVWK6?S7KL) M'RRSO+]'TF2QRT\[^X>32=7=9/%YQD\=!Z_?[K_]0)=WM`T1?D6,0K(G_SP7 MG^:-AS"?6SI2*_;F&1OE5^5N4NVR*GR19TO=+]>=S-3;/R=W;2O5CF`_I+'; MD^6T$.?J47GH>C;LKMK4,F$B?KE#T]W?9B_^]D=GS%<,Y>9^6Y*!$"I2R<@G M+OR_;TV]\H@_8W@&^\>'^\?:(WXH\77$Z\PU1[R\'3R_!E-;'_'D+`F+@IR2 MV4/(-GZ/`8"=",7QG^?RX9_GGS_F6;&BEG1I/"ET1-YS/S`XR'^K MP,6`;$O/`?G$M42(OPL+MFG">39?+VE:WK)F%=>]_#71^B=#8[",AB1`QH78F0U&KB)`1IH/`XI2-5Q$?LRZ2\%[1(6F[ M+PR4MIKT]S:B2+O*D9SN5D.X"#37Y[28Y_&*W[8U=:8G\YYYA8_:\O,M4?9*V^^)`::L!H+<11>95CN24UQI2B2"G#&=E_$@M7$@ZWV`H M;RXDR`H.-X*G7.3+4#T%2/8V++U-: MKO/T5RK.4\-^*"2>$JXU5^=\L!U#VG6F!M4!IMNKA.13+?T^=P]GZ]4JH:*P M29_*=RSPB^*.F%+E[=DBO<7V\:*A!#S=9E^#F\6MDGSB6B+$_N\;W=S]JSJ[ M:`_YH<+3$:^S5A_P\F9P`/2>Y.2WLC_O8-\^\1_S>!GFS[KAP"SUC8+.K,R$ MK$,%A\:_%@&>7&H'UV&>AYQ"PT!AD/I%0&^V3\-0 MAP@,K3D=(VT`[.@@GI1[R)*(YA>4%F>AZM:$0><)%;/-FA.U"`,D1F?*QUDK M,>%J4LLK4.`1R9+U,E4\TV"6`H$R,*MAI=5AQ$4V9R=&1$`!\R%\BI?KY=EZ MN4[$$#<+$]8+9O*>WCS2_&:QH#D[/;*+Z[D"HI'AGL#:JE,U;*-B,0"XC6$9 MRKH-LFF$B%9(U0QY&18D)"O*'*=ER/Z0+4C3+A$-_X2/7/X@^A:[JPK#0FJW M$ZZ$\I@?@LR.T6\E$HR_3I\NEZNLH-%-^I'MP(>PH(7["#JV&;]\;M?)/J_C MVD#$[U;&=3SW(*Z;(^QZL6T0\UA[3IF-G$9;72.X!?OE>DR'^C2[1")B>(1= M';E-$S_,E8&NS\;K`G,0#CKUUP2FB!^`1H?K`3<*,5P-W*13&J>/M"AI=!X_ MQA%-H^(T9?]>E'E\M^9E@L(.Y#>T"':-L%W7M9<+XYI#Q/FW]L'I(H)=/&R: M)FW;).1OU71;1W"43&E$EZ)`=D'%(;_Y@^*Y$)/8UP,U=L/-HS5Z)08B[?:& M+^,T`EZG4I[H3Y?9.BT)5](EC8!YLG0:AAD3)>BX<"(!X#X9FQFE]]1AR#!( MO=TGLYAM[Y-I=!B@L)D;WB>K]'@'BDZ/C-V%X$1/!C(6'+(/==U].I]SPFI@ M3XN"EHJE'8QBOU?+)L/]"V&5$@,8=GNZR]!L\M=G(2:.'?NAFV`'#8S=&,1@TND=O#$J MOU'1`_P`#E\D3RR*0*O;B?JK5YW2VR6(V6I[):*680#&XFUX7=+(JV>U,%VM M=FN[IVDTH_EC/*?!Y"ZP@>0>Z0FLL5VI07,-PP#>2*^#%YT[X:*R7S=`7K(F M=H.?!)Z@"-[DLW@9)V%^G:5C(;3%`F#HUAT%B.9`;"@ZN37"F.6D;H*\9(T0 M2![/LN4J2]G0'(AY0W.&-V'H$.*)/F?S-716/0;67$T.%OUJXZHI8'NU!L?4 M9#Q3^A#?3-G,RTSI]*B8LIC4,C5!P]3!>*;T(;Z9LIF7F=+I43%E,:EEZ@": M*6>2H/EQHP8Q*^,(Z6-AFD&>>&?F=/[O=9S3B*_'SR_8V,3$A2#',$\\C>I$ M39=3#`;6QA@=+)U8QU:?6Q#U"SYS!!NA7-`"Y,@*#4Y"G'%P&8*\,\&H_"., M^6./^93&R[MU7HARFXD1EQA/S+C;KQFR!V!@RMFES!B_HU]%\KI`+]8[6M>T M=!EQ-#)/`!E-ULPH-1@P,1F3R6!:IXL@A",07V;P9G%+\V6=`:M(`!S^UMCQC62,;_6C6W(U:DY#!WFO2_%FF6EXLLB;/;=9YR=]K5 MA/1*7^N36JPV*Y5J9!@@LW@;K%[:R$FC!UR`:.#=L`*120M%BVX-(KT0)3&V M58A4S$`N0S3HP%2]YK%:!@7+5+$"LDJ#$I&I83WD`1T[9`JQ,')]=7>1966: ME;2P+V>FDOJ=[.O-]N?\0QT&3&SF=,N9M0$H%CLLFE=ZJ_<9';@Q1'BN%=FL M2Y4CG1P13#:/VJI2^V)V'8B#K2E_,>5FT7F)Q84OINAF'_!J[IG>98MEW%1\.4GM'O)$N674J4.^'`PV8QI2NVP]C!\"XK'SZ$14GS4W''/%*] MQ><6Y?LZSZ$+\G6>(001>"X^]==Y32SAP:2*%@\R5/'0Y+'_SXR+4O_-XCI+ M/?^3AOH'+HUB$$:4AI6D])3X>%'9LU%S M]TQX$!IZ1GP)TA`!PI'K=R&US1RIY]9-H10],.]-)V_:YP2_N!K<.-"@2;OD4E+Y4$'R@]7Q9"=LC7N'P@ MFY6Y=T@@B,%`R(%33P\@"3FP$W*`E)"#K0DY$(2`O?C=[<1KIZZ^AD3DM1V1 MUT@1>;TU(J_1(!+LNW25J\`0V5C4(A+LXT2D];7%>68?!2/7V<;4%A,G2S3, M),JI2^H)E3$4'X-.?JUL7F<=,G'.N[H='34',P2"P^D^-]-&X49RBSF;1.,. M>?>,<0K7[:7;=$X5`4Z@PS1O*,?-W+CIGP0;BLG?H#?6B:`J`@=;Y@GB4/X# ML.4\<938PC%M''3'.H541>"`RSRU',I_`+BW=J8\VW[OI; M,3"AMC3XQEVM`GSLI+'@4C-I2 M_E=E0=.F]XR/V;:$D%J,"2.C0RU*F^7">F%0Q)+A/^]R@M'I/";<>F)1B[!@X'Q"$40@.9EP+RX38YW.(Q[6 M2;!:A`4/YPFOP`/)+)=[L<]MU2J/:%CFL2H)%BP[D*BOHARRE MS^H^=39[A&!@JI/]=AN6M,N&E/GF(B)4D!>&UUD:\477BW@1TVA6AN5:\8J@ M7NGS"L)@M7L-H9!A`1U6 MG#K0&V&,$5B(233#I1$,BIWVZK[?1YQ6J\BF]SA8L2)B?MJLN M0RL)3&*S9+U,K\.E8CDW>;O/]`YL=3/<;D239-F1.L]"!7D8J]U[S:PBGUBR M:"PXPB3M79CSA>?+TS3Z2/-%EB]#MH-OPSO#8@TN,9X2[FZ_QL$>@`$69Y;X:K1U@U!GY([CFU2\='B37]'"C+"D]$^ITNH0 MQ)X,&6LJ;R:P M*,\SL1@G&U=CUCJ]6+-+/O-@9HCRSYZU"T/TM"'(R+/Y-(''8PD/KF]V5.&D MBH>NL%G+:5"U,W.A#&%5S+4$!E?L:IRZ5+I,6L\D6&M<>B$F/IRK6QM4D-2V MFA[4`V"]'ODL3&AQE861XO+('N&9(9MUB22='!-/%H]ZJMI34;.PO(@E(ACL M\S)IN@Z3JL:EO>FN%/GZ7(S>8/-9F*$"`RYZ6X//O`AE76B$7N>F9]MPLUZG M@\!"=_->+4('A^UF?H^/'>#;^EWGER)##-9S=EUM[J0D!:!$:58!2D^'C165 M.0LN;0CA,:"\!,?'BA5!A@H`.KK6%%#PS=A8Z'@RGU&X$#KOBO71A@J8O,OK MG\F;$>9=M[[9(.\!=-XGUKY,H/(^,>=]@C#O$]>\3Z#SKEBS;JB`R;N\)IV\ M&6'>=6O.#?)^`)WW0VM?#J'R?FC.^R'"O!^ZYOT0.N^*902'"IB\R\L$RIL1 MYEVW#.`@[Z^A\_[&VI7]K[?]+<*\ MOW7-^UOHO!]9^W($E?;=K5[' MA=!YM]3K*@5,WDWU.KX98=[=ZG5<")UW2[VN4L#DW52OXYL1YMVM7L>%T'FW MU.LJ!4S>3?4ZOAEAWMWJ=5P(G7=+O:Y2P.3=5*_CFQ'FW:U>QX70>;?4ZRH% M3-Y-]3J^&6'>W>IU7`B==TN]KE+`Y-U4K^.;$>;=K5['A=!YM]3K*@5,WDWU M.KX98=[=ZG5<")UW2[VN4L#DW52OXYL1YMVM7L>%P'E7?7%KJ`#)^^"+6O)F M?'G7?C%+SGL`7:\+K/6Z`*I>%YCK=0'">EW@6J\+H.MU@;5>%T#5ZP)SO2Y` M6*\+7.MU`72]+K#6ZP*H>EU@KM<%".MU@6N]+H"NUP76>ET`5:\+S/6Z`&&] M+G"MUP70];K`6J\+H.IU@;E>%R"LUP6N];H`NEX76.MU`52]+C#7ZP*$];K` MM5X70-?K`FN]+H"JUP7F>EV`L%X7N-;K`NAZ76"MUP50];K`7*\+$-;K`M=Z M70!=KPNL];H`JEX7F.MU`<)Z7>!:KPN@ZW43:[UN`E6OFYCK=1.$];J):[UN MXK]>UZP>XO*Q/I/6\_HMUH_VZ848^+"ZTZ_6@N0+?DT/[%_QTRL],V/YFI]. MAHD7QZ_Z;6A!\6F_QOV4AD66SBA?9(A&9TE8%.?Q8D%SFI87+%N7RR6-XK"D MR?/'G,XI7Q7M(\WC3/&UKS^C3<_\?7OW)5*W;Q`3T]_<"RW].Z1JFS2-$]$Z M:9LG/$>D\P.D_052_03T7"^G56W@COT67Z,<^*%>N6ZJN)(\.] M'P@C.C5@WB$6%][NAHTDBV;((LMKBOF*;753)$[)IC$H9ODJ\[<97\VG,GNE MWC$:F2<&C29KUI0:#$R9C,GLB#7_RTRLKM0NNB0"P`8SV;YZ>2ZSVO-09;(L MC4PJ*09H'/P9QATE1B`K=NGZX=YC<'H&?EU_C^@1;E_ZZ9(YHG MS\83DE'LB1@'PS4T!B4&;NSV9'3J"-*&(#E;J7MB/F>98GROEVZU+R^AK@W` MP)6S2W>\0,]BZGZ,[3<2JD81A9^FD21Y9^@J^^I\P0,]HREZ,[#0.GL:PA)ZC M<0Q!?O'*_#EOZ&]XNWVX&_'7NL=]HGOX4>Y:#TX(_UR)PR=G',.`Z#%V0L.2 M,@8C62:C=L[$YV@4GZ(!!Z_S>50VW*;W5'%;VB4&"#F]?0UOPP",L&E=VDGK M?;:V#O9.F?CUZ^R<1NLY_QS&199?4%J\?UK1M*#%;?A$%:.;6Y0GTL9TH6;- M)00#;2-\RKQ56%UGI`T6-V]Y^`YI&M@AH@D$WQL5A\1OS%)=YKB@$58?"82@K2L:"'5A&#&T>+6#6'USL&J!WS%D;9"F$7`6;U(JGK.Y M69PNV`R9>9L]9%\5!0WG0"`2+1W1@*B)PLBAV:H=0Q9?/U*5+4C(FQ`DBD:P MG)C9]0+K10R@0D=;.:)C4QF&DTF;6SF6GA0Z652/@0+I\ M,]HE!NKT;/N&M#T`(W3.WY16G(R;4'"TVC=W.YLO4_%O]43LVUX@\/.K M0'A_SUVH.4"^QT]B/,2^8S_M!VG[X^VK#5U-QT#G.?$?X&T'[3X><7(!?"G1 MW;[MV$%]7[3),2+E^#[C$"@4[S6>/M(\O*?= ME[W/0O%-ZV'/35I?[]%;[39OU&N%&!BRNI/IJ;>BP"-+ULOT.ERJ/DMOE@-" M,C!MX*358D5%-CB@10@PP*)YHE.OA$-$]32G3H84#..3G"`/;"I,\G=KE-_` MTDOAH.B;U5-1Z9!BT3,G[.-!8Q:+JA5/D>N<10Z!0T5M7H],7X\4 M':5)&2$A(JT*`TFM&?5[)/8(.(Z4UO48]>1(*5)Y'#Z=5FM@7AKYD*7TN7K^ M,%`RFWX]/[?Z_@Q3&A:NF.C"H-C2-\) M/5##&*1T:8TZHL8?_-LT`$3>[4.4@)ZO=QWK[E*5HI`"%%=$2L4^+@P M7?T.D("YXNT;MG4("`!C[O&EW3'C<+EVN5(UBGU38+TJ-2A1\>%\!=J!!<55 MY^PAS.E#ED14O'DM'O\S/+UID7OBQ\ET39!1BX$A%X.#>U2;&/'&.[O@X&$` MSVB*^R(7ZS2Z65'^@DMZOWEYWXS2B%"O7T(:T9G>)Y(R`&&$>[E6FL M&R!U"SN$MT$VC2#A\3K;ED93)`B+]JXH2=2'X>/0ZM5*X76&@<%FX4(;<3J= MY\4BC32I11C8,3K3?SH,"@KY':$1KVK!OZ/E^G(6*D!LYDRO8T%1TEGV;00P M;E&^;H*-Z$)S#\PA!`-1(WP.[H!U%^4;2=KWRM-3O%POQ5*4?&B\IY?+55;0 MZ";]R/;70\BF%3>/-!/(@TLD1@I&^=;EOFE$!8'_7&XNAR^HZ,SF#U+N#$I?N3JN=2%RVR=EH0ECM(ER]Y7-J&-4W*P3Z+P6:RAM:J/ M6I`C,F4VEWS%#5J-1Z=%04MY^5&=#-FQ9C$Y/+":`%%S];_WS^.BS..[M5CT M*HUF-']D`T$PN0N,V7`-0Y6=T:;E;'4;(&'*AL&J"?)RNDXH82WM!C\!)?*F M?*!Y4S+5YDVC0I4FFT^OT?LZMNL#!-B+M<#ET5/[]@Q M&LY+6T%NHP,I>G@`S\>Z9O\!I>L[-I@=A1&=;R8HL MQL>,QJ&U\/WN6;Q_NP/\()R^GN\ZY*ACP.^X.`U%J@!\B!E:600-_TTHYI2@X$DDS']'3^A M]C]8*=Y@UT-A%,.M(J`!Q*#$@(G=WN#AJBJBF;55,?Z1F<;%%QLI*HTG0/3V MFA+R0(`!!ZVK0968"??@/UV_^T'NKSK?WQ"M?USE,V][77V6VM>R`\5[U@:S,D[G#]L M2/-BE64IJ>X.1.1BS?8_+$EO7\6I3>`_7_&>A#L'Q_N'ZOWO[P=U?[7 MF-MZ_]=KM9\2\>"\[[ISKT='EG0<84['T9^:CDNX=,S6*S:#XWU6GB,T$E1) MT?L;O"W2*ODU9>&UL550) M``._XW=1O^-W475X"P`!!"4.```$.0$``.U=85/C2)+]?A'W'WQ]7X_&LJ&! MWIG;H*'9(8[&G$W/['[J$%8!VI8EIB31$!/SWZ\DV4:65%5/-BB3/>;#-$UG MRIGO2>5\I:JLG_[Z,`MZ]T+&?A3^_,YYWW_7$^$T\OSPYN=W7R=;AY.CT]-W MO3AQ0\\-HE#\_"Z,WOWUO__]WWKJOY_^8VNK=^*+P/O8.XZF6Z?A=?27WKD[ M$Q][?Q.AD&X2R;_T?G6#-/M-]/=/XS/UU^+C/O:&[W>\WM86<+%?1>A%\NOX M='FQVR2Y^[B]_>/'C_=A=._^B.3W^/TTPBXWB5(Y%\?KE68QVZB_C+H M.\/M_L[V8'@Y<#[N['_L[X(73=PDC9<7[3_L]XO_"O>?`C_\_C'[WY4;BY[" M/8P_/L3^S^]*J?P8OH_DS?:@WW>V__[E;#*]%3-WRP\S_*?BW<(KNTJ3GW-P M<+"=_^O"M&;Y<"6#Q6<,MQ?A+*^L_M4WV)631UD_SVL7Y,3VN1 M_6UK8;:5_6K+&6P-%3.Q]VX!?HZ@C`(Q%M>][$]U0RP_-;]>+*;O;Z+[;2FW MLW_?'OOQ][%(4AD>B\3U`T6QJV+/+W0KQ;766]T%`_7G5O;G5M^91_*?INLE MCW?JZ8C]V5V@\-F&@@Z#ZS3TU'T[J\:[&J6RRT(9]G<&@TH@S_GQDUM7BMLH M\(0\$2*NHU6+P^#Q'`&-[K(Q1`U&GQ_N1!A#(1E]GB.H^74_/[C%58S1-!L_ M?QCGT5AX8G:7/8FM0FIR?([P/KGR2-T<"E>!0(( MQ>3RO`]X,8#`C_FJ^3JA-`Z0%S**[\14?7%M,BP^7644!H_/'N1$2%]L%&!Q MA1<)[BAPXXUBRR_P(J&5;N8OPHU3*38BN78U-.@[*6(1)GF5<*9^L>(B'A)5 MW`EO<:$L\O6_U!,_R=Q5U37L;?6._7@:1%FHZB^9VW;AURLTI_,.K.)'N-%E<,'"O1)!_S#'5C*JQE5D_E*MQNG*ZN*KZ<87R>FTXM]B^4Z5&F&Q-;_U@ M>;=WS5TR!.$S&+;1B7#.EQUMP?C2"7`I\# M/7A6H#WA%TBK'ZI0JU]].Q,W;O`Y5./"X^&#K\&Y9O0:,*X%O;R1.X2W^/SC M:.;Z83.VJQ;TP&INB!*PJQ'/45T7U%I)IW[Q;9)-"PQW]_I[7\3L2LAFY.I6 M-O263Q@);KJL2FQV/;[F\C0OL/0/O]Z:_F9M,])6HR_=#-W`_A2`:3RH6W&" MN?F&*=_DM?#G..\^ZPAQI!XEIW^PTS\PC1!U*W"$&+[$"-$"15UZFPX59BSW M(2SW6V*YPP7+_9"K]E=*7TLV6+TP>9U=1T`QUQ03$ M^`,=QHTY4=8A1U+D\-C+D%5+$.H]^BJD*4-*Q#]?7ZO8_7MAA[QB"F*^3X]Y M8XZ$TT=ZJ*LV(,8'=!@W9]4YN$_O:'X1^9AF>_FU-(,%#!W&VN1>9%YCDM[= M%:\N+\5#\DDY?M=,N349HG`2"D)#@IW?MZ.K?Q9#D_&VK5NA,!.*0%UJ=!A? M2'_FRD?+;6TP1U$GE('69.G@GXAI%'HM"&AR0"D@%(E`PIV3,%^<9QQEJC8H MU(0BL3DM*G3/79DM$;T7EAO<8(YB3B@:KT(I:4VV<_B_N`_^+)T=I;,TR)_#B1NHP%2<-V)T+^1( MB5ZI!D55!TPUE+2\!$H3H1I="Q1^U"6WNM?)H"O\BH@Q5640J"@JQ70ZNXMB MX8W"BU1.;]U8Q.V>LK:70BDD%-(;@41%Z;%0P4CAK3U<8A=`Z2,4Z&L`PHTT MZT!I=D1)(M3S+0!@,$B.PK'PPWL1)\([]N]]3X1>?!BJG^-$^E=I!FR,,;?! M55%:"><(G@NZ[B?:E[OZ5!V9_IP.HW2,)F3?1C' M(M'L73`ZH*#33P.8$J8G`82^Q=I#1H`SF94TE)F-ABC4E&^O]0EV_VJOVA/# M./6NMT9AIWR;;4F5`?:6"7BC`\H`Y9MM>\($@WKHWN1+2;*W`O:O59TU"C^I M8C6GVCGV96&L=/)$R'M_*IS!E8-P@7NCW!!JU+90D'(UDA-_Y@>N/(_"==BR M^:-\$4K=]G!TSMA1-+N+0I6LDY<8BS'71A3@AO)#J(OAY.EH&:Q'B]X-I850 M2\/)T]$R7(\6O1M*"Z':AI/OOD9N0\:F%.P0ZF]NP!].?T]]*;R3-/2R+S15 ME*`T@*XH*81*O14(5&L6K7QL`C[E%F0^2"ON?W/][,V='`M_=I7*.-=1-N01 M/Y0)0MV.I]\Y,^@;&^GV]S:8H[H2:VY@D5=%Z$D5)&"4BQC;:-)FCT!/J:FNR9)IAL1JQ6+D& MLF#P@KN1D)-A39V,DW&VRF147F^"\F+V1+DA%-IM(*#BYY,4[O>[R`^3K'MX MMDK"K+<;[5$NZ'6W(5UZ!K[X8;9:Y31?;9O5UF-1S-0+)XH5X0ZO@T$=-]"8H[+& MB1*M^>RGIUN'A7FB_-#O18<@(.-'_1FXQ:S!Z/H\"J68IC+;YF-;E]CJ`BA; M]+O8VP!"^_KJ7/S('O9/;KZ_[G.<^#.EQ)!W65I/E"9"V=\&`DYON3":6ET` M98MPLF`-0.C>>Y7OK%]<%6@B786A'[KR<1FU$.%I.`W2TDE"FM=C[2^'$DH_ M!;$^6(2%2*R0%-YE-!;7@4KT2`WKPE+<&[S@9I[T9-E2)^/D/$J.(A5*,(\N M`^\X%9=1==PPD]3B,BAK#"8O6H-#I\'R`QZ15E)54Y0.^OF+YB2)(?_T^`_A MFM^Q&1U0^.DG)$P)$Y/0LLF7P0NE@\.<@R5U%@^&"]"^.]B^--NCU=GR(#O)_J M3<=3ZO"F%]2-*5(7-J43V]/QDGRFA&*-V4#^N;$R`!&%:+)'H6=4*_;TR5C8+DSXR@*IR([ M]M5PZH7%!V1BGU"98VEWWXK5C[];CYQK.]#L$VKJAH1(0$4'&)TM"C6A1C:G M28(Z6E/J;%'4"56P.4T2U+&JL=D219Q0XYI2),'[+(K%ERC4G0%?,4$1IFQ2 MWI04S;`=A5ZV>SWVKWWA311*J68YE]X:!9RR6;DE51+L<_:_N/*[2++%8GK8 M:X8HXH2"TY`@T8V>G(9Q*H5W+.[4V*:N^JA^D?A):C@,`7%$R2!4HRT`H/E" M-;T!6S%`P2;4H`T)T8!J:3!A=R'D=21G;C@5E^Z599DRXH=B3Z@C\?2[[Y'R%`\JZ"TN*!^$"A-*FI** MTS#_*8/L-`C2.)]:BW]UI>]>^8&?/(ZNQR))I6Y/]9J70JDCE*H;@41)Z2C, M5Y.-Y)F([:Q5K%%B"!6N+55*[`\]S\^@)6Z48['W4/E`O*OFA`REQX^$U<3?PDNV]L(*1IM0'NMRHP99L]VH;@6#3*A[=;E1@SR`0!ZT`)FR MGYC4Y48-LF9K6]T*!IGRP"M- M;M0@?X!`_M`"9$+=J,N-&N0]".2]%B`S48CEW*A!WH=`WF\!,A-)6,Z-&N0# M".2#%B`SD7[EW$A!'I3FG_4@%U8PR$P47SDW:I`!Q5=8P2`S47SEW*A!!A1? M806#S$3QE7.C!AE0?(45##(3Q5?.C1ID0/$55BC(`R:*KYP;->T4'P#-HK/X:+X'$CQ M.2T4WX"-XG.X*#X'4GQ."\4W8*/X'"Z*SX$4G]-"\0W9*#Z'B^)S(,7GM%!\ M0S:*S^&B^!Q(\3DM%-^0C>)SN"@^!U)\3@O%-V2C^!PNBL^!%)_30O$-V2@^ MAXOB0,5U#@\;8[".2R0_FA%"DX_DSHV8=6EI00BCIL;P[I^,L^M%JN#+9 MPS00"GQ[OF1/1&-H]K'*X`83PD#R6[/GQ'LP3IH=0I+?!@/S9^:HBFM?H M)T)AYP9C;0F&^L(D\6A&#.!`3E/>Q2P0]VZ87$;J#CH6UT)*=*#3>\-4\6A/ M#&%!3M8H%/E;@M'UX;6J)E6(D]OHAZ:&AIUAJGAT+T:0(&=*CQ>,"V,ID;8K-TZ MO%>JY4;@+88-]C`1E`OYK?FRH,#6=]CL`A-!N=@?R9H#%X;W?'IKF`'*G0"6 M7#F`GRU9T39-TIO#\%/N$;!ERP9_W78YO3F,/^7V`5NV7/#7[M/7F\/X4^XE MMV7+`?^)G\N@>8-VF(>J&\P'Y;9S-'L.O"`G!%B]8%8H]ZF#N7=.2NGD[XFX M%RJ8QW_X(O",ZL'JA%*R1RBQP^K?NX'*N!T33:XP+83*NQ4*G7-T>>O+ MY!'Z/M>8PAP0RF]CEM286[ZQ]=8P\H3"VY8K,?B&[^1&0QAR0JUMR)`8;03H M%A@3ZN?FO.C@1;]7C0XP\(02&S[_?Y.;ZMW'$W3F?HH]6-FNEW8]B;I M;.;*Q]X?7\.<-.']^:Z3N^@IWL.K.)'N-&F^>9KL.GJ;O+PW\A>JFI?'52/; M_5R[79[]GM8C6WY=7(W[Z9CH[O&M/7LZC$N&]#AK[H]&D$N!SX$>/"O0GO`+ MI-4/5:C5K[Z=B1LW^!RJ(>'Q\,'7X%PS>@T8UX)>WL@=PEM\_G$T([JNJ"JZV6X#?L[@T&.FOK%MXGZ:NH/=_?Z>U_$[$JWN+5N MA98,+U$PV''39=5YG?;T/6#UP1P$G7!Z MVIHK'?H3,8U"KP7^30X@`X0ST4"^G7,PW_)H'&*J-B#2A//-S5E1@8MNB3&8 M@Y`33C1;<^T<_9>X[L5G2V(.^%LLSE+:M!SJ6HK%;E`6#%XH&81"&$V=C)-QUJMF MI.*S)]PIG)X;!`(J?CX_N+,[2^\QC2G>VIN:@>8DB2'_])CM MGV@!?,4!;_S&!/[&A(E):"FL#5[X;G,F=##2V4WWB5%K&!WP30E,F&A,F)B$ MW_SD=BP\,@IPS6'-<@64-4(AOPXDC'AK/?09 MG.&7>!S9XC@DEN-K/R":O%&JZ$4_#`4Q5RUG8@Q>*#?T+0DTHG,UIDJ".UO`Z6WA!)2WJC.KU+!RL2F^V1!$GU+&F M%#O'>W$NT6'HM3H,"/%#N6!PTJ@]?$I0'DSU* M`J%TM:=+Q@`T)K4>@#@<*4H\VBSB0&:5=;8HW`R."V4R8[P(!ZTS3?8H^H2" MU9XN&0-8S:FW1M%G<"0HF]JST],GAXS.SZ`>[!D<=[/#Z,0+1G5.-;26A*S! M`Z,C+NCA+YUPV9()S!,EA;(%9PL(R!\/@K-Z=GBHX[>C>E99873$9XOZJMN6 M8I4M?L=NXBYC6_86V^UM]2;36^&E@!]ZRUF`35\ZRW6??FV?';RKX7\X$[]PZ^WIK]9VXRT MU>A+3:4Z;#11G))J&`_J5IQ@;KYAJITE5L(O]=9YOA'B2#U*3O]@IW]@&B'J M5CSZN5E1U*7W(AWREA^V#V&YWQ++%Y[>P+'<)QYVJWUO+%W\#>;L6SQ:4R68 M['OP9^GL*)VE03[].W$#%5C>O6!T+^0H.[L7_O>R+TXL-0_1PGTK]*,UQCC+@-KLJ_ M.>AS(=?]FOKE1FE5>6?A//VBF4VC`_]NHD"^[8?3@V(X#<6-F\QM2?@#&'L- M[48;02]0(&%Z$D#H7T6_3VURQ-.GAO*TT?`5M.\T)$B^FJC6"+EY/=&' MU?5$12/E7M9)N;>\0F]QB6Y6%]4B-Z\O,IB_K3`RW>-6G-_6&+VM,7I;8_0" M\+ZM,;*`^K;&Z&V-T=L:H[1Z%ZQ!M\^>_*JD]&IT/IT?1["X*5;)./B.Z&.AM M/`%N_)<.P;G3L3)8CQ6]&_\%/W#N=*P,UV-%[\9_P0Z<>_1LN-F6`<"4. MCCO_,N%P^GOJJP"S5U?YANG00QD$7?FOVFF%`<%Z$HR.#;"G/U?HM3]&ZK;Y MS?6S-9%R+/S952KC7"_:2$/\7L$2(3S]SA^?H64FU.9# M.!EJ!MYVSB/]E.AJ6%E0?0)/`X`-\:8%.EW._VV`^%.2S"J8\B&-]6IFWUC-_%?O/.H] MN9,7-^5AZ&N!1AM<"@@JS)BT]Q]CP,<2G:JH%A!5R3%Y]B[ED8 M8E3D+4Z2:-[Q<]"XX^<`%9(V.K5M1+@I;$V0Z:5H)9`<">8=VW=>:(.]P`5FC]^M6E(NQ MU@293L)7`OD`@?R!=M75FB!_X`+R'@3R'O&JJ#51WN."\CZ$\C[QVJD=5`N)T>-,J#Z"BL493:RKYP<-,LFX53=T*19F1]C.NC.D494C[.;CV&S#2?@X7[>=` MVL_!M=^`D?9SN&@_!])^3HNUJHRTG\-%^SF0]G-P[3=@I/T<+MK/@;2?@VN_ M`2/MYW#1?@ZD_1Q<^PT8:3^'B_9S(.WGX-IOR$C[.5RTGP-I/P?7?D-&VL_A MHOT<2/LYN/8;,M)^#A?M-X"T7U-#:AW*C+3?P*3]NMT5<2'D=21G;C@5>0Z- MNR."^J+B*=^-&;4VZQ>!X6"#5176BV=A@7)>MA[1Q%=?S,O-.#`;53?*O1H;L]*,`0=VD#UA5B_*+1X;X=+[XVN8,]E9 M%?L4M+EX;;+KY@FHPIH+ADO%S"=U_>^V:)M]".M7/>#E(Y^AG#N_XZNDY1E/ MA/2?\3C*;H[#@\(+"4X^8W_P&<$=EI\=U,UP^%('KZU_O[WP.5J[+]S@]__5 M05J[;$XELY^D1?`E?8_>/.Z$Y(`;8&!&?4^2/0B MH%5W7T8F,>#%L3.V4^B.]K_O<2Y<`RI51QHM/+3)\7<^G_/%EV,W/\]"AIZ) M5%3PEN657`L1[HN`\E'+>NC9I[WS=MM"GS_]]BN"7_-WVT97E+"@@2Z$;[?Y M4'Q$MS@D#71-.)%8"_D1/6(6&XMX.NMVX#7E;Z!*J1H@VWX%V2/A@9`/W?:< M;*QUU'"B6IQCI6Z\B+]/O6J-T+._5$U>MX?3F[3+IO+'),0( M/BI7+6M)LFFE).3(*;NNYSS=='H)SDJ!C1FC?%($]^KUNI.TYM`-Y&P@64Y= M<4SS`"LR9X96N@-/N=*8^ROX0,\=EL%'3MJX`J6%T.,42G-H0-9PBOBED7AV MH`'P7MEV/;OBY7`IB]%2%H"YX#P.BU,,M'3T2T0<`-F`(I+Z@D7F`"5C$;)J<+E63+M&QY!:B M0C=LP)WP!61(.4TZA:E11;:9"+%)#1Z-CY,ZH5X8XD4<"8Y-8!0^:80;8X^9CY,=O/9Q%*H4MFR#5\@ZJ] M,99D+%A`Y!4A"I8HG,I;U+!=9UC"D)GD05PX(^-]@,+>169W@GWMKXF9^ M*'-$W_L2VRGY!W0KT(+GT+_`&9;G ML)KJQ?*Q8MFNC#CLQ0N@4>XEIQ3^002AQ3!/;Q@)&%K(4M6^7UW#5Y MX5"#1Z10YD,?PHM*[8)H3-EZ_999MVOM;:_B4M__9Q%G_IC339<,47(J:ICJ MOF4IFNYSJ6TL"93VH+F=%^!?(;,2E/TYPC#O.!0EWVA=C*S?G`)+?X-EX]`& M)`+J$4V)6CZ9I9%3;=SOE[I!IA]E(><=,H:/OV_&R7CY@:EV#/][Y@A#;]\< MUT;K#\KT?-'+>^8+TV;??%=GV@]*]V+>R7*VV?G661QPL_?U0W`3\A92([YQ MEMYU7Y'>M'2$GU#M<#%O=NYG&Y/ME>V*5YJI8!'I/D$L9-@OB-SO#4'LN@?9 M$D21"_RW%ZYO4J#X3N4U0BQ[WJ:.1HFZ4<([7@LFNWU)-D:8!%][YEZO\7;=-+I`H__ M`5!+`0(>`Q0````(`*).F$([YFJ>=A$``+!M```0`!@```````$```"D@0`` M``!N;&8M,C`Q,S`T,C(N>&UL550%``._XW=1=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`HDZ80FP')XW1`P``"14``!0`&````````0```*2!P!$``&YL M9BTR,#$S,#0R,E]C86PN>&UL550%``._XW=1=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`HDZ80GKA?8^0"P``UJT``!0`&````````0```*2!WQ4``&YL M9BTR,#$S,#0R,E]D968N>&UL550%``._XW=1=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`HDZ80F4YU*R='@``W]L!`!0`&````````0```*2!O2$``&YL M9BTR,#$S,#0R,E]L86(N>&UL550%``._XW=1=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`HDZ80M]C@68W'0``4A,"`!0`&````````0```*2!J$```&YL M9BTR,#$S,#0R,E]P&UL550%``._XW=1=7@+``$$)0X```0Y`0``4$L! M`AX#%`````@`HDZ80G,F;)&N!````!@``!``&````````0```*2!+5X``&YL M9BTR,#$S,#0R,BYX`L``00E#@``!#D!``!02P4&```` /``8`!@`4`@``)6,````` ` end XML 12 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Witherspoon Managed Futures Strategy Fund

Witherspoon Managed Futures Strategy Fund

Witherspoon Managed Futures Strategy Fund

Class I Shares (Symbol: CTAIX)

Class A Shares (Symbol: CTAAX)



Supplement dated April 22, 2013
to the Prospectus dated January 18, 2013, as supplemented

__________________________________________


In the Fee Table, under the heading “Fees and Expenses of the Fund,” the disclosure with respect to the 1.00% Maximum Deferred Sales Charge (Load) for Class A shares is deleted.  There is no Maximum Deferred Sales Charge (Load) for Class A shares.  As a result, the Fee Table has been revised and replaced in its entirety with the following:

Shareholder Fees

(fees paid directly from your investment)

Class A

Class I

Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)

5.75%

None

Maximum Deferred Sales Charge (Load)

None

None

Redemption Fee (as a percentage of amount redeemed within 30 days of purchase)

1.00%

1.00%

Annual Fund Operating Expenses

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

 

 

Management Fees

1.40%

1.40%

Distribution and Service (Rule 12b-1) Fees

0.25%

0.00%

Other Expenses(1)

0.30%

0.30%

Acquired Fund Fees and Expenses

0.15%

0.15%

Total Annual Fund Operating Expenses

2.10%

1.85%

(1)

These expenses are based on estimated amounts for the Fund’s current fiscal year.  Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Fund’s Total Annual Fund Operating Expenses.  This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively.  Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pool’s profits.  Because performance-based fees cannot be meaningfully estimated, they are not included.  The expenses of the Fund’s wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.

(2)

Pursuant to an operating expense limitation agreement between Witherspoon Asset  Management LLC, (the “Adviser”) and the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of any taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies or underlying pools in which the Fund may invest, or extraordinary expenses such as litigation) for the Fund do not exceed 1.99% and 1.74% of the Fund’s average net assets, for Class A and Class I shares respectively, through March 31, 2014, subject thereafter to annual re-approval of the agreement by the Trust’s Board of Trustees (the “Board of Trustees”).  This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees.  The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid.  The Adviser is permitted to seek reimbursement from the Fund for the prior three fiscal years, as long as the reimbursement does not cause the Fund’s operating expenses to exceed the expense cap.


The disclosure under the heading “Portfolio Holdings Information” is hereby deleted in its entirety and replaced with the following:

A description of the Fund's policies regarding the release of portfolio holdings information is available in the Fund's Statement of Additional Information. The Fund may, from time to time, make available month-end portfolio holdings information on the website www.witherspoonfunds.com, which may include information about the Fund's investments in securities of Underlying Pools, swaps, structured notes or other investments, and the investment managers accessed through such investments. If month-end portfolio holdings information is posted to the website, the information is expected to be posted approximately 10 business days or sooner after the month-end and remain available until new information for the next month is posted. Shareholders may request portfolio holdings schedules at no charge by calling 1-855-754-7934.

_________________________


This Supplement and the existing Prospectus and Statement of Additional Information dated January 18, 2013, as supplemented, provide relevant information for all shareholders and should be retained for future reference.  The Prospectus and the Statement of Additional Information have been filed with the U.S. Securities and Exchange Commission, are incorporated by reference, and can be obtained without charge by calling 1-855-754-7934.






In the Fee Table, under the heading “Fees and Expenses of the Fund,” the disclosure with respect to the 1.00% Maximum Deferred Sales Charge (Load) for Class A shares is deleted. There is no Maximum Deferred Sales Charge (Load) for Class A shares. As a result, the Fee Table has been revised and replaced in its entirety with the following:

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees Witherspoon Managed Futures Strategy Fund
Witherspoon Managed Futures Strategy Fund Class A Shares
Witherspoon Managed Futures Strategy Fund Class I Shares
Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price) 5.75% none
Maximum Deferred Sales Charge (Load) none none
Redemption Fee (as a percentage of amount redeemed within 30 days of purchase) 1.00% 1.00%

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

Annual Fund Operating Expenses Witherspoon Managed Futures Strategy Fund
Witherspoon Managed Futures Strategy Fund Class A Shares
Witherspoon Managed Futures Strategy Fund Class I Shares
Management Fees 1.40% 1.40%
Distribution and Service (Rule 12b-1) Fees 0.25% none
Other Expenses [1] 0.30% 0.30%
Acquired Fund Fees and Expenses 0.15% 0.15%
Total Annual Fund Operating Expenses [2] 2.10% 1.85%
[1] These expenses are based on estimated amounts for the Funds current fiscal year. Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Funds Total Annual Fund Operating Expenses. This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively. Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pools profits. Because performance-based fees cannot be meaningfully estimated, they are not included. The expenses of the Funds wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.
[2] Pursuant to an operating expense limitation agreement between Witherspoon Asset Management LLC, (the Adviser) and the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of any taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies or underlying pools in which the Fund may invest, or extraordinary expenses such as litigation) for the Fund do not exceed 1.99% and 1.74% of the Funds average net assets, for Class A and Class I shares respectively, through March 31, 2014, subject thereafter to annual re-approval of the agreement by the Trusts Board of Trustees (the Board of Trustees). This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees. The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid. The Adviser is permitted to seek reimbursement from the Fund for the prior three fiscal years, as long as the reimbursement does not cause the Funds operating expenses to exceed the expense cap.
XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Prospectus [Line Items] rr_ProspectusLineItems  
Document Type dei_DocumentType Other
Document Period End Date dei_DocumentPeriodEndDate Apr. 22, 2013
Registrant Name dei_EntityRegistrantName NORTHERN LIGHTS FUND TRUST II
Central Index Key dei_EntityCentralIndexKey 0001518042
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol nlf
Document Creation Date dei_DocumentCreationDate Apr. 22, 2013
Document Effective Date dei_DocumentEffectiveDate Apr. 22, 2013
Prospectus Date rr_ProspectusDate Apr. 22, 2013
Witherspoon Managed Futures Strategy Fund | Witherspoon Managed Futures Strategy Fund Class A Shares
 
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol CTAAX
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.00%)
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 1.40%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.30% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15%
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 2.10% [2]
Witherspoon Managed Futures Strategy Fund | Witherspoon Managed Futures Strategy Fund Class I Shares
 
Prospectus [Line Items] rr_ProspectusLineItems  
Trading Symbol dei_TradingSymbol CTAIX
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.00%)
Management Fees (as a percentage of Assets) rr_ManagementFeesOverAssets 1.40%
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses (as a percentage of Assets): rr_OtherExpensesOverAssets 0.30% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.15%
Expenses (as a percentage of Assets) rr_ExpensesOverAssets 1.85% [2]
Witherspoon Managed Futures Strategy Fund
 
Prospectus [Line Items] rr_ProspectusLineItems  
Risk/Return [Heading] rr_RiskReturnHeading

Witherspoon Managed Futures Strategy Fund

Supplement [Text Block] nlf_SupplementTextBlock

Witherspoon Managed Futures Strategy Fund

Class I Shares (Symbol: CTAIX)

Class A Shares (Symbol: CTAAX)



Supplement dated April 22, 2013
to the Prospectus dated January 18, 2013, as supplemented

__________________________________________


In the Fee Table, under the heading “Fees and Expenses of the Fund,” the disclosure with respect to the 1.00% Maximum Deferred Sales Charge (Load) for Class A shares is deleted.  There is no Maximum Deferred Sales Charge (Load) for Class A shares.  As a result, the Fee Table has been revised and replaced in its entirety with the following:

Shareholder Fees

(fees paid directly from your investment)

Class A

Class I

Maximum Sales Charge (Load) Imposed on Purchases (as a percentage of offering price)

5.75%

None

Maximum Deferred Sales Charge (Load)

None

None

Redemption Fee (as a percentage of amount redeemed within 30 days of purchase)

1.00%

1.00%

Annual Fund Operating Expenses

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

 

 

Management Fees

1.40%

1.40%

Distribution and Service (Rule 12b-1) Fees

0.25%

0.00%

Other Expenses(1)

0.30%

0.30%

Acquired Fund Fees and Expenses

0.15%

0.15%

Total Annual Fund Operating Expenses

2.10%

1.85%

(1)

These expenses are based on estimated amounts for the Fund’s current fiscal year.  Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Fund’s Total Annual Fund Operating Expenses.  This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively.  Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pool’s profits.  Because performance-based fees cannot be meaningfully estimated, they are not included.  The expenses of the Fund’s wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.

(2)

Pursuant to an operating expense limitation agreement between Witherspoon Asset  Management LLC, (the “Adviser”) and the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of any taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies or underlying pools in which the Fund may invest, or extraordinary expenses such as litigation) for the Fund do not exceed 1.99% and 1.74% of the Fund’s average net assets, for Class A and Class I shares respectively, through March 31, 2014, subject thereafter to annual re-approval of the agreement by the Trust’s Board of Trustees (the “Board of Trustees”).  This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees.  The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid.  The Adviser is permitted to seek reimbursement from the Fund for the prior three fiscal years, as long as the reimbursement does not cause the Fund’s operating expenses to exceed the expense cap.


The disclosure under the heading “Portfolio Holdings Information” is hereby deleted in its entirety and replaced with the following:

A description of the Fund's policies regarding the release of portfolio holdings information is available in the Fund's Statement of Additional Information. The Fund may, from time to time, make available month-end portfolio holdings information on the website www.witherspoonfunds.com, which may include information about the Fund's investments in securities of Underlying Pools, swaps, structured notes or other investments, and the investment managers accessed through such investments. If month-end portfolio holdings information is posted to the website, the information is expected to be posted approximately 10 business days or sooner after the month-end and remain available until new information for the next month is posted. Shareholders may request portfolio holdings schedules at no charge by calling 1-855-754-7934.

_________________________


This Supplement and the existing Prospectus and Statement of Additional Information dated January 18, 2013, as supplemented, provide relevant information for all shareholders and should be retained for future reference.  The Prospectus and the Statement of Additional Information have been filed with the U.S. Securities and Exchange Commission, are incorporated by reference, and can be obtained without charge by calling 1-855-754-7934.






Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

In the Fee Table, under the heading “Fees and Expenses of the Fund,” the disclosure with respect to the 1.00% Maximum Deferred Sales Charge (Load) for Class A shares is deleted. There is no Maximum Deferred Sales Charge (Load) for Class A shares. As a result, the Fee Table has been revised and replaced in its entirety with the following:

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)

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2014-03-31
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates

These expenses are based on estimated amounts for the Fund’s current fiscal year.

Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] rr_ExpensesOtherExpensesHadExtraordinaryExpensesBeenIncluded

Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Fund’s Total Annual Fund Operating Expenses. This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively. Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pool’ profits. Because performance-based fees cannot be meaningfully estimated, they are not included. The expenses of the Fund’s wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-855-754-7934
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.witherspoonfunds.com
[1] These expenses are based on estimated amounts for the Funds current fiscal year. Other Expenses do not include the costs of investing in Underlying Pools, like commodity pools. The Fund estimates that Underlying Pool expenses, if presented, would be 1.100.83%, which would be in addition to the Funds Total Annual Fund Operating Expenses. This would result in total annual operating expenses of 3.20% and 2.95% for Class A and Class I shares, respectively. Underlying Pools pay performance fees estimated to range from 20% to 30% of an Underlying Pools profits. Because performance-based fees cannot be meaningfully estimated, they are not included. The expenses of the Funds wholly- owned Subsidiary are consolidated with those of the Fund and are not presented as a separate expense.
[2] Pursuant to an operating expense limitation agreement between Witherspoon Asset Management LLC, (the Adviser) and the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of any taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, indirect expenses, expenses of other investment companies or underlying pools in which the Fund may invest, or extraordinary expenses such as litigation) for the Fund do not exceed 1.99% and 1.74% of the Funds average net assets, for Class A and Class I shares respectively, through March 31, 2014, subject thereafter to annual re-approval of the agreement by the Trusts Board of Trustees (the Board of Trustees). This operating expense limitation agreement can be terminated only by, or with the consent of, the Board of Trustees. The Adviser is permitted to seek reimbursement from the Fund, subject to limitations, for fees it waived and Fund expenses it paid. The Adviser is permitted to seek reimbursement from the Fund for the prior three fiscal years, as long as the reimbursement does not cause the Funds operating expenses to exceed the expense cap.
XML 14 FilingSummary.xml IDEA: XBRL DOCUMENT 2.4.0.6 Html 4 29 1 true 3 0 false 2 false true R1.htm 0004 - Document - Risk/Return Summary {Unlabeled} Sheet http://nlfund.com/role/RiskReturn Risk/Return Summary false false R4.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data true false All Reports Book All Reports nlf-20130422.xml nlf-20130422.xsd nlf-20130422_cal.xml nlf-20130422_def.xml nlf-20130422_lab.xml nlf-20130422_pre.xml true true