0000051931-12-000694.txt : 20121005 0000051931-12-000694.hdr.sgml : 20121005 20121005171944 ACCESSION NUMBER: 0000051931-12-000694 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20121005 DATE AS OF CHANGE: 20121005 EFFECTIVENESS DATE: 20121005 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN FUNDS INSURANCE SERIES CENTRAL INDEX KEY: 0000729528 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-86838 FILM NUMBER: 121133011 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FUND INSURANCE SERIES DATE OF NAME CHANGE: 20010829 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN VARIABLE INSURANCE SERIES DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN PATHWAY FUND DATE OF NAME CHANGE: 19880531 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICAN FUNDS INSURANCE SERIES CENTRAL INDEX KEY: 0000729528 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03857 FILM NUMBER: 121133012 BUSINESS ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 S HOPE ST - 55TH FL (MICG) CITY: LOS ANGELES STATE: CA ZIP: 90071 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN FUND INSURANCE SERIES DATE OF NAME CHANGE: 20010829 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN VARIABLE INSURANCE SERIES DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN PATHWAY FUND DATE OF NAME CHANGE: 19880531 0000729528 S000038240 Protected Asset Allocation Fund C000117906 Class P1 C000117907 Class P2 C000117908 Class P3 485BPOS 1 vipaa485bxbrl.htm AMERICAN FUNDS INSURANCE SERIES - PROTECTED ASSET ALLOCATION FUND vipaa485bxbrl.htm
SEC. File Nos. 002-86838
811-03857



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
__________________

FORM N-1A
Registration Statement
Under
the Securities Act of 1933
Post-Effective Amendment No. 60
and
Registration Statement
Under
The Investment Company Act of 1940
Amendment No. 60
__________________

AMERICAN FUNDS INSURANCE SERIES
(Exact Name of Registrant as Specified in Charter)

333 South Hope Street
Los Angeles, California 90071-1406
(Address of Principal Executive Offices)

Registrant's telephone number, including area code:
(213) 486-9200
__________________

Steven I. Koszalka, Secretary
American Funds Insurance Series
333 South Hope Street
Los Angeles, California 90071-1406
(Name and Address of Agent for Service)
__________________

Copies to:
Michael Glazer
Bingham McCutchen LLP
355 South Grand Avenue, Suite 4400
Los Angeles, CA 90071-3106
(Counsel for the Registrant)
__________________  


Approximate date of proposed public offering:
It is proposed that this filing become effective immediately pursuant to paragraph (b) of rule 485.

 
 

 
 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under to Rule 485(b) under the Securities Act of 1933 and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Los Angeles, and State of California, on the 5th day of October, 2012.



American Funds Insurance Series

By: /s/ Donald D. O’Neal                                                      
Donald D. O’Neal, Vice Chairman


Pursuant to the requirements of the Securities Act of 1933, this amendment to registration statement has been signed below on October 5, 2012, by the following persons in the capacities indicated.

 
Signature
Title
(1)
Principal Executive Officer:
 
/s/ Michael J. Downer
Executive Vice President
 
Michael J. Downer
(2)
Principal Financial Officer and
 
Principal Accounting Officer:
 
/s/ Gregory F. Niland
Treasurer
 
Gregory F. Niland
(3)
Trustees:
 
William H. Baribault*
Trustee
 
James G. Ellis*
Trustee
 
Leonard R. Fuller*
Trustee
 
W. Scott Hedrick*
Trustee
 
R. Clark Hooper*
Chairman (Independent and Non-Executive)
 
Merit E. Janow*
Trustee
 
Laurel B. Mitchell*
Trustee
 
/s/ Donald D. O'Neal
Vice Chairman
 
Donald D. O'Neal
 
 
Frank M. Sanchez*
Trustee
 
Margaret Spellings*
Trustee
 
Steadman Upham*
Trustee
     
 
*By: /s/ Steven I. Koszalka
 
 
(Steven I. Koszalka, pursuant to a power of attorney filed herewith)
 
Counsel represents that this amendment does not contain disclosures that would make the amendment ineligible for effectiveness under the provisions of rule 485(b).
 
/s/ Michael J. Triessl
Michael J. Triessl
 
 
 

 

 
POWER OF ATTORNEY

I, William H. Baribault, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ William H. Baribault                                                             
William H. Baribault, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, James G. Ellis, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
AMCAP Fund (File No. 002-26516, File No. 811-01435)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
American Funds Global Balanced Fund (File No. 333-170605, File No. 811-22496)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
American Mutual Fund (File No. 002-10607, File No. 811-00572)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
The Investment Company of America (File No. 002-10811, File No. 811-00116)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Brian D. Bullard
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Ari M. Vinocor
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)

/s/ James G. Ellis                                                             
James G. Ellis, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, Leonard R. Fuller, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
AMCAP Fund (File No. 002-26516, File No. 811-01435)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
American Funds Global Balanced Fund (File No. 333-170605, File No. 811-22496)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
American Mutual Fund (File No. 002-10607, File No. 811-00572)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
The Investment Company of America (File No. 002-10811, File No. 811-00116)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Brian D. Bullard
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Ari M. Vinocor
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)

/s/ Leonard R. Fuller                                                             
Leonard R. Fuller, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, W. Scott Hedrick, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ W. Scott Hedrick                                                             
W. Scott Hedrick, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, R. Clark Hooper, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)

/s/ R. Clark Hooper                                                             
R. Clark Hooper, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, Merit E. Janow, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)

/s/ Merit E. Janow                                                             
Merit E. Janow, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, Laurel B. Mitchell, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)


/s/ Laurel B. Mitchell                                                             
Laurel B. Mitchell, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, Frank M. Sanchez, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Los Angeles, CA, this 13th day of June, 2012.
     (City, State)


/s/ Frank M. Sanchez                                                             
Frank M. Sanchez, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, Margaret Spellings, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Balanced Fund (File No. 002-10758, File No. 811-00066)
-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
The Income Fund of America (File No. 002-33371, File No. 811-01880)
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
International Growth and Income Fund (File No. 333-152323, File No. 811-22215)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Jeffrey P. Regal
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at                                                      Washington, DC, this 18th day of June, 2012.
      (City, State)


/s/ Margaret Spellings                                                             
Margaret Spellings, Board member
 
 
 

 
 
POWER OF ATTORNEY

I, Steadman Upham, the undersigned Board member of the following registered investment companies (collectively, the “Funds”):

-  
American Funds College Target Date Series (File No. 333-180729, File No. 811-22692)
-  
The American Funds Income Series – U.S. Government Securities Fund (File No. 002-98199, File No. 811-04318)
-  
American Funds Insurance Series (File No. 002-86838, File No. 811-03857)
-  
American Funds Money Market Fund (File No. 333-157162, File No. 811-22277)
-  
American Funds Mortgage Fund (File No. 333-168595, File No. 811-22449)
-  
American Funds Portfolio Series (File No. 333-178936, File No. 811-22656)
-  
American Funds Short-Term Tax-Exempt Bond Fund (File No. 033-26431, File No. 811-05750)
-  
American Funds Target Date Retirement Series (File No. 333-138648, File No. 811-21981)
-  
American Funds Tax-Exempt Fund of New York (File No. 333-168594, File No. 811-22448)
-  
The American Funds Tax-Exempt Series II – The Tax-Exempt Fund of California (File No. 033-06180, File No. 811-04694)
-  
American High-Income Municipal Bond Fund (File No. 033-80630, File No. 811-08576)
-  
American High-Income Trust (File No. 033-17917, File No. 811-05364)
-  
The Bond Fund of America (File No. 002-50700, File No. 811-02444)
-  
Capital Income Builder (File No. 033-12967, File No. 811-05085)
-  
Capital World Bond Fund (File No. 033-12447, File No. 811-05104)
-  
Capital World Growth and Income Fund, Inc. (File No. 033-54444, File No. 811-07338)
-  
Capital World Growth and Income Fund
-  
Intermediate Bond Fund of America (File No. 033-19514, File No. 811-05446)
-  
Limited Term Tax-Exempt Bond Fund of America (File No. 033-66214, File No. 811-07888)
-  
The New Economy Fund  (File No. 002-83848, File No. 811-03735)
-  
The New Economy Fund
-  
Short-Term Bond Fund of America (File No. 333-135770, File No. 811-21928)
-  
The Tax-Exempt Bond Fund of America (File No. 002-49291, File No. 811-02421)

hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Funds and do hereby constitute and appoint

Vincent P. Corti
Steven I. Koszalka
Patrick F. Quan
Courtney R. Taylor
Julie E. Lawton
Tanya Schneider
Raymond F. Sullivan, Jr.
Karl C. Grauman
M. Susan Gupton
Brian C. Janssen
Dori Laskin
Gregory F. Niland
Neal F. Wellons
 
 
each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Funds on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission.  I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

EXECUTED at Washington, DC, this 13th day of June, 2012.
     (City, State)

/s/ Steadman Upham          
Steadman Upham, Board member
 
 
 

 
 
Exhibit Index

Exhibit No.
Description
   
EX-101.INS
XBRL Instance Document
EX-101.SCH
XBRL Taxonomy Extension Schema Document
EX-101.CAL
XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF
XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB
XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE
XBRL Taxonomy Extension Presentation Linkbase

 
 

 
EX-101.INS 2 ck0000729528-20120914.xml 485BPOS 2012-09-14 0000729528 2012-09-17 AMERICAN FUNDS INSURANCE SERIES false 2012-09-14 2012-09-17 As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers. <tt>The fund may pay transaction costs, such as commissions, when it buys and sells<br />securities and other investments (or "turns over" its portfolio). A higher<br />portfolio turnover rate may indicate higher transaction costs and may result in<br />higher taxes when fund shares are held in a taxable account. These costs, which<br />are not reflected in annual fund operating expenses or in the example, affect<br />the fund's investment results.</tt> <div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000038240Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund's investment objective is to provide you with high total return<br />(including income and capital gains) consistent with preservation of capital<br />over the long term while seeking to manage volatility and provide downside<br />protection.</tt> <tt>This example is intended to help you compare the cost of investing in Class P2<br />shares of the fund with the cost of investing in other mutual funds. The example <br />assumes that you invest $10,000 in the fund for the time periods indicated and <br />then redeem all of your shares at the end of those periods. The example also <br />assumes that your investment has a 5% return each year and that the fund's <br />operating expenses remain the same. The example does not reflect insurance <br />contract expenses. If insurance contract expenses were reflected, expenses <br />shown would be higher.</tt> <tt>The fund pursues its investment objective by investing in shares of an underlying <br />fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking <br />to manage portfolio volatility and provide downside protection primarily through <br />the use of exchange-traded futures contracts.<br /> <br />The investment objective of the underlying fund is to provide investors with high <br />total returns (including income and capital gains) consistent with preservation of <br />capital over the long term. The underlying fund invests in a diversified portfolio <br />of common stocks and other equity securities, bonds and other intermediate and <br />long-term debt securities, and money market instruments (debt securities maturing <br />in one year or less). The underlying fund varies its mix of equity securities, debt <br />securities and money market instruments. Under normal market conditions, the <br />underlying fund's investment adviser expects (but is not required) to maintain an <br />investment mix falling within the following ranges: 40%-80% in equity securities, <br />20%-50% in debt securities and 0%-40% in money market instruments. As of December <br />31, 2011, the underlying fund was approximately 75% invested in equity securities, <br />21% invested in debt securities and 4% invested in money market instruments. The <br />proportion of equities, debt and money market securities held by the underlying <br />fund varies with market conditions and the investment adviser's assessment of <br />their relative attractiveness as investment opportunities.<br /> <br />Although the underlying fund focuses on investments in medium to larger<br />capitalization companies, its investments are not limited to a particular<br />capitalization size. The underlying fund may invest up to 15% of its assets <br />in common stocks and other equity securities of issuers domiciled outside <br />the United States and up to 5% of its assets in debt securities of issuers<br />domiciled outside the United States. In addition, the underlying fund may<br />invest up to 25% of its debt assets in lower quality debt securities (rated <br />Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating<br />Organizations designated by the fund's investment adviser or unrated but<br />determined to be of equivalent quality by the fund's investment adviser). <br />Such securities are sometimes referred to as "junk bonds."<br /> <br />The fund employs a risk-management overlay referred to in this prospectus <br />as the protection strategy. The protection strategy consists of using hedge<br />instruments -- primarily short positions in of exchange-traded futures<br />contracts -- to attempt to stabilize the volatility of the fund around a target<br />volatility level and reduce the downside exposure of the fund during periods of<br />significant and sustained market declines. The fund employs a sub-adviser to<br />select individual futures contracts on equity indexes of U.S. markets and<br />markets outside the United States that the sub-adviser believes are correlated<br />to the underlying fund's equity exposure. These instruments are selected based<br />on the sub-adviser's analysis of the relation of various equity indexes to the<br />underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity <br />levels of relevant futures contracts and transparency provided by exchanges as <br />the counterparties in hedging transactions. The target volatility level will be <br />set from time to time by the investment adviser and the sub-adviser and may be <br />adjusted if deemed advisable in the judgment of the investment adviser and the <br />sub-adviser. The sub-adviser will also seek to hedge the fund's currency risk <br />related to its exposure to equity index futures denominated in currencies other <br />than the U.S. dollar.<br /> <br />A futures contract on an index is an agreement pursuant to which two parties<br />agree to take or make delivery of an amount of cash equal to the difference<br />between the value of the index at the close of the last trading day of the<br />contract and the price at which the index contract originally was written. <br />A futures contract is considered a derivative because it derives its value <br />from the price of the underlying index. A short position in an index futures<br />contract gains in value when the underlying equity index declines and loses<br />value when the underlying equity index rises.<br /> <br />The sub-adviser will regularly adjust the level of exchange-traded futures<br />contracts to seek to manage the overall net risk level of the fund. Even in<br />periods of low volatility in the equity markets, the sub-adviser will continue<br />to use the hedging techniques to seek to preserve gains after favorable market<br />conditions and reduce losses in adverse market conditions. In situations of <br />extreme market volatility, the exchange-traded equity index futures could <br />significantly reduce the fund's net economic exposure to equity securities. The <br />fund's investment in exchange-traded futures and their accompanying costs could <br />limit the fund's gains in rising markets relative to those of the underlying fund, <br />or to those of unhedged funds in general.<br /> <br />Futures contracts can be purchased or sold by the fund for less than their<br />specified contract value, allowing an efficient use of fund assets for the<br />protection strategy. However, the fund's investment in exchange-traded futures<br />and their resulting costs could limit the fund's gains in rising markets relative <br />to those of the underlying fund, or to those of unhedged funds in general. In <br />situations of extreme market volatility, the exchange-traded equity index futures <br />could potentially eliminate the fund's net economic exposure to equity securities.<br /> <br />The fund is non-diversified, which allows it to invest a greater percentage of<br />its assets in any one issuer than would otherwise be the case. However, through<br />the underlying fund, the fund owns a diversified mix of equity and fixed-income<br />securities.</tt> Protected Asset Allocation Fund/SM/ EXAMPLE Based on estimated amounts for the current fiscal year. Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus. INVESTMENT OBJECTIVE YOU MAY LOSE MONEY BY INVESTING IN THE FUND. PRINCIPAL RISKS Although your actual costs may be higher or lower, based on these assumptions your costs would be: INVESTMENT RESULTS ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT) PORTFOLIO TURNOVER <tt>THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL<br />INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE<br />LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.<br />INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO<br />TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO<br />UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY<br />RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.<br /> <br />Fund structure -- The fund invests in an underlying fund and incurs expenses<br />related to the underlying fund. In addition, investors in the fund will incur<br />fees to pay for certain expenses related to the operations of the fund. An<br />investor holding the underlying fund directly would incur lower overall<br />expenses but would not receive the benefit of the protection strategy.<br /> <br />Underlying fund risks -- Because the fund's investments consist of an underlying <br />fund, the fund's risks are directly related to the risks of the underlying fund. <br />For this reason, it is important to understand the risks associated with <br />investing both in the fund and the underlying fund.<br /> <br />Futures -- A futures contract is considered a derivative because it derives its<br />value from the price of the underlying security or financial index. The prices<br />of futures contracts can be volatile, and futures contracts may be illiquid. In<br />addition, there may be imperfect or even negative correlation between the price<br />of a futures contract and the price of the underlying securities.<br /> <br />Hedging -- Futures contracts may not provide an effective hedge of the underlying <br />securities or indexes because changes in the prices of futures contracts may not <br />track those of the securities or indexes they are intended to hedge. In addition, <br />the protection strategy may not effectively protect the fund from market declines <br />and will limit the fund's participation in market gains. The use of the protection <br />strategy could cause the fund to underperform as compared to the underlying fund <br />in certain rising market conditions.<br /> <br />Short positions -- Losses from short positions in futures contracts occur when the <br />underlying equity index increases in value. As the underlying equity index increases <br />in value, the holder of the short position in the corresponding futures contract is <br />required to pay the difference in value of the futures contract resulting from the <br />increase in the equity index on a daily basis. Losses from a short position in an <br />equity index futures contract could potentially be very large if the value of the <br />underlying equity index rises dramatically in a short period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the common<br />stocks, bonds and other securities held by the underlying fund may decline due<br />to market conditions and other factors, including those directly involving the<br />issuers of securities held by the underlying fund.<br /> <br />Investing in growth-oriented stocks -- Growth-oriented stocks may involve larger <br />price swings and greater potential for loss than other types of investments.<br /> <br />Investing in income-oriented stocks -- Income provided by the underlying fund may <br />be reduced by changes in the dividend policies of, and the capital resources <br />available at, the companies in which the underlying fund invests.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In <br />addition, falling interest rates may cause an issuer to redeem, call or refinance <br />a security before its stated maturity, which may result in the underlying fund <br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks<br />may be increased with respect to investments in junk bonds. The value of the<br />underlying fund may be similarly affected.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other securities, which may make them more difficult to<br />value, acquire or sell.<br /> <br />Investing outside the United States -- Securities of issuers domiciled outside<br />the United States, or with significant operations outside the United States,<br />may lose value because of political, social, economic or market developments <br />or instability in the countries or regions in which the issuer operates. These<br />securities may also lose value due to changes in foreign currency exchange<br />rates against the U.S. dollar and/or currencies of other countries. Securities<br />markets in certain countries may be more volatile and/or less liquid than those<br />in the United States. Investments outside the United States may also be subject<br />to different settlement and accounting practices and different regulatory,<br />legal and reporting standards, and may be more difficult to value, than those<br />in the United States.<br /> <br />Asset allocation -- The underlying fund's percentage allocations to equity<br />securities, debt securities and money market instruments could cause the fund<br />to underperform relative to relevant benchmarks and other funds with similar<br />investment objectives.<br /> <br />Non-diversification -- As a non-diversified fund, the fund has the ability to<br />invest a larger percentage of its assets in the securities of a smaller number<br />of issuers than a diversified fund. Therefore, poor performance by a single<br />large holding could adversely impact the fund's investment results more than if<br />the fund were invested in a larger number of issuers.<br /> <br />Management -- The investment adviser to the fund and to the underlying fund<br />actively manages the underlying fund's investments. Consequently, the<br />underlying fund is subject to the risk that the methods and analyses employed<br />by the investment adviser in this process may not produce the desired results.<br />In addition, the fund is subject to the risk that the methods employed by the<br />sub-adviser in implementing the protection strategy may not produce the desired<br />results. Either, or both, of these activities could cause the underlying fund<br />to lose value or its investment results to lag relevant benchmarks or other<br />funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt> FEES AND EXPENSES OF THE FUND PRINCIPAL INVESTMENT STRATEGIES <tt>Because the fund will begin investment operations on September 28, 2012,<br />information regarding investment results is not available as of the date <br />of this prospectus.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold <br />an interest in Class P2 shares of the fund. It does not reflect insurance contract <br />fees and expenses. If insurance contract fees and expenses were reflected, expenses <br />shown would be higher.</tt> <div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000038240Member2 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. 105 349 -0.0010 0.0033 0.0025 2013-12-31 0.0025 0.0103 0.0113 0.0030 As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers. <tt>The fund may pay transaction costs, such as commissions, when it buys and sells<br />securities and other instruments (or "turns over" its portfolio). A higher<br />portfolio turnover rate may indicate higher transaction costs and may result in<br />higher taxes when fund shares are held in a taxable account. These costs, which<br />are not reflected in annual fund operating expenses or in the example, affect<br />the fund's investment results.</tt> <div style="display:none">~ http://www.americanfunds.com/role/ExpenseExample_S000038240Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund's investment objective is to provide you with high total return<br />(including income and capital gains) consistent with preservation of capital<br />over the long term while seeking to manage volatility and provide downside<br />protection.</tt> <tt>This example is intended to help you compare the cost of investing in Class P1<br />shares of the fund with the cost of investing in other mutual funds. The example <br />assumes that you invest $10,000 in the fund for the time periods indicated and <br />then redeem all of your shares at the end of those periods. The example also <br />assumes that your investment has a 5% return each year and that the fund's <br />operating expenses remain the same. The example does not reflect insurance <br />contract expenses. If insurance contract expenses were reflected, expenses <br />shown would be higher.</tt> <tt>The fund pursues its investment objective by investing in shares of an underlying <br />fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking <br />to manage portfolio volatility and provide downside protection primarily through <br />the use of exchange-traded futures contracts.<br /> <br />The investment objective of the underlying fund is to provide investors with<br />high total returns (including income and capital gains) consistent with<br />preservation of capital over the long term. The underlying fund invests in a<br />diversified portfolio of common stocks and other equity securities, bonds and<br />other intermediate and long-term debt securities, and money market instruments<br />(debt securities maturing in one year or less). The underlying fund varies its<br />mix of equity securities, debt securities and money market instruments. Under<br />normal market conditions, the underlying fund's investment adviser expects (but is <br />not required) to maintain an investment mix falling within the following ranges: <br />40%-80% in equity securities, 20%-50% in debt securities and 0%-40% in money <br />market instruments. As of December 31, 2011, the underlying fund was approximately <br />75% invested in equity securities, 21% invested in debt securities and 4% invested <br />in money market instruments. The proportion of equities, debt and money market <br />securities held by the underlying fund varies with market conditions and the <br />investment adviser's assessment of their relative attractiveness as investment <br />opportunities.<br /> <br />Although the underlying fund focuses on investments in medium to larger<br />capitalization companies, its investments are not limited to a particular<br />capitalization size. The underlying fund may invest up to 15% of its assets <br />in common stocks and other equity securities of issuers domiciled outside <br />the United States and up to 5% of its assets in debt securities of issuers<br />domiciled outside the United States. In addition, the underlying fund may <br />invest up to 25% of its debt assets in lower quality debt securities (rated <br />Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating <br />Organizations designated by the fund's investment adviser or unrated but <br />determined to be of equivalent quality by the fund's investment adviser). <br />Such securities are sometimes referred to as "junk bonds."<br /> <br />The fund employs a risk-management overlay referred to in this prospectus as the <br />protection strategy. The protection strategy consists of using hedge instruments <br />-- primarily short positions in exchange-traded futures contracts -- to attempt <br />to stabilize the volatility of the fund around a target volatility level and <br />reduce the downside exposure of the fund during periods of significant and <br />sustained market declines. The fund employs a sub-adviser to select individual <br />futures contracts on equity indexes of U.S. markets and markets outside the United <br />States that the sub-adviser believes are correlated to the underlying fund's equity <br />exposure. These instruments are selected based on the sub-adviser's analysis of the <br />relation of various equity indexes to the underlying fund's portfolio. In addition, <br />the sub-adviser will monitor liquidity levels of relevant futures contracts and <br />transparency provided by exchanges as the counterparties in hedging transactions. <br />The target volatility level will be set from time to time by the investment adviser <br />and the sub-adviser and may be adjusted if deemed advisable in the judgment of the<br />investment adviser and the sub-adviser. The sub-adviser will also seek to hedge<br />the fund's currency risk related to its exposure to equity index futures<br />denominated in currencies other than the U.S. dollar.<br /> <br />A futures contract on an index is an agreement pursuant to which two parties<br />agree to take or make delivery of an amount of cash equal to the difference<br />between the value of the index at the close of the last trading day of the<br />contract and the price at which the index contract originally was written. <br />A futures contract is considered a derivative because it derives its value <br />from the price of the underlying index. A short position in an index futures<br />contract gains in value when the underlying equity index declines and loses<br />value when the underlying equity index rises.<br /> <br />The sub-adviser will regularly adjust the level of exchange-traded futures<br />contracts to seek to manage the overall net risk level of the fund. Even in<br />periods of low volatility in the equity markets, the sub-adviser will continue<br />to use the hedging techniques to seek to preserve gains after favorable market<br />conditions and reduce losses in adverse market conditions. In situations of extreme <br />market volatility, the exchange-traded equity index futures could significantly <br />reduce the fund's net economic exposure to equity securities. The fund's investment <br />in exchange-traded futures and their accompanying costs could limit the fund's gains <br />in rising markets relative to those of the underlying fund, or to those of unhedged <br />funds in general.<br /> <br />Futures contracts can be purchased or sold by the fund for less than their<br />specified contract value, allowing an efficient use of fund assets for the<br />protection strategy. However, the fund's investment in exchange-traded futures<br />and their resulting costs could limit the fund's gains in rising markets relative <br />to those of the underlying fund, or to those of unhedged funds in general. In <br />situations of extreme market volatility, the exchange-traded equity index futures <br />could potentially eliminate the fund's net economic exposure to equity securities.<br /> <br />The fund is non-diversified, which allows it to invest a greater percentage of<br />its assets in any one issuer than would otherwise be the case. However, through<br />the underlying fund, the fund owns a diversified mix of equity and fixed-income<br />securities.</tt> Protected Asset Allocation Fund/SM/ EXAMPLE Based on estimated amounts for the current fiscal year. Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus. INVESTMENT OBJECTIVE YOU MAY LOSE MONEY BY INVESTING IN THE FUND. PRINCIPAL RISKS Although your actual costs may be higher or lower, based on these assumptions your costs would be: INVESTMENT RESULTS ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT) PORTFOLIO TURNOVER <tt>THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL<br />INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE<br />LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.<br />INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO<br />TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO<br />UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY<br />RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.<br /> <br />Fund structure -- The fund invests in an underlying fund and incurs expenses<br />related to the underlying fund. In addition, investors in the fund will incur<br />fees to pay for certain expenses related to the operations of the fund. An<br />investor holding the underlying fund directly would incur lower overall<br />expenses but would not receive the benefit of the protection strategy.<br /> <br />Underlying fund risks -- Because the fund's investments consist of an underlying <br />fund, the fund's risks are directly related to the risks of the underlying fund. <br />For this reason, it is important to understand the risks associated with investing <br />both in the fund and the underlying fund.<br /> <br />Futures -- A futures contract is considered a derivative because it derives its<br />value from the price of the underlying security or financial index. The prices<br />of futures contracts can be volatile, and futures contracts may be illiquid. In<br />addition, there may be imperfect or even negative correlation between the price<br />of a futures contract and the price of the underlying securities.<br /> <br />Hedging -- Futures contracts may not provide an effective hedge of the underlying <br />securities or indexes because changes in the prices of futures contracts may not <br />track those of the securities or indexes they are intended to hedge. In addition, <br />the protection strategy may not effectively protect the fund from market declines <br />and will limit the fund's participation in market gains. The use of the protection <br />strategy could cause the fund to underperform as compared to the underlying fund <br />in certain rising market conditions.<br /> <br />Short positions -- Losses from short positions in futures contracts occur when<br />the underlying equity index increases in value. As the underlying equity index<br />increases in value, the holder of the short position in the corresponding<br />futures contract is required to pay the difference in value of the futures<br />contract resulting from the increase in the equity index on a daily basis.<br />Losses from a short position in an equity index futures contract could<br />potentially be very large if the value of the underlying equity index rises<br />dramatically in a short period of time.<br /> <br />Market conditions -- The prices of, and the income generated by, the common<br />stocks, bonds and other securities held by the underlying fund may decline due<br />to market conditions and other factors, including those directly involving the<br />issuers of securities held by the underlying fund.<br /> <br />Investing in growth-oriented stocks -- Growth-oriented stocks may involve<br />larger price swings and greater potential for loss than other types of<br />investments.<br /><br />Investing in income-oriented stocks -- Income provided by the underlying fund <br />may be reduced by changes in the dividend policies of, and the capital resources <br />available at, the companies in which the underlying fund invests.<br /> <br />Investing in bonds -- Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or refinance <br />a security before its stated maturity, which may result in the underlying fund <br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default.<br /> <br />Investing in lower rated bonds -- Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks<br />may be increased with respect to investments in junk bonds. The value of the<br />underlying fund may be similarly affected.<br /> <br />Thinly traded securities -- There may be little trading in the secondary market<br />for particular bonds or other securities, which may make them more difficult to<br />value, acquire or sell.<br /> <br />Investing outside the United States -- Securities of issuers domiciled outside<br />the United States, or with significant operations outside the United States,<br />may lose value because of political, social, economic or market developments <br />or instability in the countries or regions in which the issuer operates. These<br />securities may also lose value due to changes in foreign currency exchange<br />rates against the U.S. dollar and/or currencies of other countries. Securities<br />markets in certain countries may be more volatile and/or less liquid than those<br />in the United States. Investments outside the United States may also be subject<br />to different settlement and accounting practices and different regulatory,<br />legal and reporting standards, and may be more difficult to value, than those<br />in the United States.<br /> <br />Asset allocation -- The underlying fund's percentage allocations to equity<br />securities, debt securities and money market instruments could cause the fund<br />to underperform relative to relevant benchmarks and other funds with similar<br />investment objectives.<br /> <br />Non-diversification -- As a non-diversified fund, the fund has the ability to<br />invest a larger percentage of its assets in the securities of a smaller number<br />of issuers than a diversified fund. Therefore, poor performance by a single<br />large holding could adversely impact the fund's investment results more than <br />if the fund were invested in a larger number of issuers.<br /> <br />Management -- The investment adviser to the fund and to the underlying fund<br />actively manages the underlying fund's investments. Consequently, the<br />underlying fund is subject to the risk that the methods and analyses employed<br />by the investment adviser in this process may not produce the desired results.<br />In addition, the fund is subject to the risk that the methods employed by the<br />sub-adviser in implementing the protection strategy may not produce the desired<br />results. Either, or both, of these activities could cause the underlying fund<br />to lose value or its investment results to lag relevant benchmarks or other<br />funds with similar objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or<br />guaranteed by the Federal Deposit Insurance Corporation or any other<br />governmental agency, entity or person. You should consider how this fund <br />fits into your overall investment program.</tt> FEES AND EXPENSES OF THE FUND PRINCIPAL INVESTMENT STRATEGIES <tt>Because the fund will begin investment operations on September 28, 2012,<br />information regarding investment results is not available as of the date <br />of this prospectus.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold <br />an interest in Class P1 shares of the fund. It does not reflect insurance contract <br />fees and expenses. If insurance contract fees and expenses were reflected, expenses <br />shown would be higher.</tt> <div style="display:none">~ http://www.americanfunds.com/role/OperatingExpensesData_S000038240Member1 column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. 80 271 -0.0010 0.0033 0.0025 2013-12-31 0.00 0.0078 0.0088 0.0030 0000729528 ck0000729528:SummaryS000038240-1Memberck0000729528:S000038240Memberck0000729528:C000117906Member 2012-09-17 2012-09-17 0000729528 ck0000729528:SummaryS000038240-1Memberck0000729528:S000038240Member 2012-09-17 2012-09-17 0000729528 ck0000729528:SummaryS000038240-2Memberck0000729528:S000038240Memberck0000729528:C000117907Member 2012-09-17 2012-09-17 0000729528 ck0000729528:SummaryS000038240-2Memberck0000729528:S000038240Member 2012-09-17 2012-09-17 0000729528 2012-09-17 2012-09-17 iso4217:USD pure Based on estimated amounts for the current fiscal year. The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board.The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.The waiver may only be modified or terminated with the approval of the fund's board. EX-101.SCH 3 ck0000729528-20120914.xsd 0011 - Document - Document And Entity Information {Elements} link:calculationLink link:presentationLink link:definitionLink 0112 - Document - Risk/Return Summary {Unlabeled} (Protected Asset Allocation Fund - Class P1) link:calculationLink link:presentationLink link:definitionLink 0113 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 0114 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 0616 - Document - Risk/Return Summary {Unlabeled} (Protected Asset Allocation Fund - Class P2) link:calculationLink link:presentationLink link:definitionLink 0617 - Schedule - Annual Fund Operating Expenses link:calculationLink link:presentationLink link:definitionLink 0618 - Schedule - Expense Example {Transposed} link:calculationLink link:presentationLink link:definitionLink 0619 - Disclosure - Risk/Return Detail Data {Elements} (Protected Asset Allocation Fund - Class P2) link:calculationLink link:presentationLink link:definitionLink EX-101.CAL 4 ck0000729528-20120914_cal.xml EX-101.DEF 5 ck0000729528-20120914_def.xml EX-101.LAB 6 ck0000729528-20120914_lab.xml EX-101.PRE 7 ck0000729528-20120914_pre.xml GRAPHIC 9 aflogoletterhead.jpg begin 644 aflogoletterhead.jpg M_]C_X``02D9)1@`!`@$`>`!X``#_X0GE17AI9@``24DJ``@````'`!(!`P`! M`````0```!H!!0`!````8@```!L!!0`!````:@```"@!`P`!`````@```#$! M`@`>````<@```#(!`@`4````D````&F'!``!````I````-````"`3Q(`$"<` M`(!/$@`0)P``061O8F4@4&AO=&]S:&]P($-3-"!-86-I;G1O`0``&P$%``$` M```F`0``*`$#``$````"`````0($``$````N`0```@($``$```"O"``````` M`$@````!````2`````$```#_V/_@`!!*1DE&``$"``!(`$@``/_M``Q!9&]B M95]#30`"_^X`#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\, M#`\5&!,3%1,3&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P, M#`$-"PL-#@T0#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P, M#`P,#`P,#`P,#`P,#`P,#`P,#`P,_\``$0@`&P"@`P$B``(1`0,1`?_=``0` M"O_$`3\```$%`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$` M`````````0`"`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$% M05%A$R)Q@3(&%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D M1<*C=#87TE7B9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F M]C='5V=WAY>GM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B M$P4R@9$4H;%"(\%2T?`S)&+A7U5F9VAI:FML;6YO8G-T=7 M9W>'EZ>WQ__:``P#`0`"$0,1`#\`](_;?19C[?C2-(]:O_R:\H^JO0^E]6;D MCJ.>.G^AZ?I2ZMN_?ZF_^?\`]'Z;/H*W]3_JKT[ZPY'4&YC[:ABEFST=@GU# M=NW^I7;_`*+\U`^J/0NB]:^U?M;+=B>AZ?H[;*Z]V_U/4_I#+-VWTV?05V,8 MXQD`D;'#9K\FC.^OR:,=K'7O%8L>RIA/= M]A].MG]M[D5[]."74:UM\5$UO!+9L>RBROJC<=U)8OVWJW[;/2?4IAV M,,KU_3(+/>ZEU3:_4GM_T/O_G$E/2H;[Z665U/L:VVV?282`YVT;G^FWZ3 M]C?I+"MZWUAF-@N?0RB_(S?L5C;6.#7-._9F4-]06,8^NOU/1M_XI3MOS:.J M=)KZDS$NNL.5^G96[=6UC'/8_'?8YSJ7W4>FW*24[R2Q.E]1ZQU&C"ZC4RG[ M)EO<;*72UU=$6>A8VSW>KD.C4+;&U5NL=N+6B3M:7'Y,K#GN6!= MU?JXHZU:QU#1T?<:I8XFS92W*V6M]7V-]VS?7_X'L_2[F+=]HQ:LB-OJUM?M MYC<`Z$E-,?6'I)Q?M@N<<7_N0*K37`.PGUA7Z?TOY2TER?U7.=9T/IF**6.P M;_M#+["2XD'[1M9;3L;LK=9^?Z_\C_#*Q7]8>H'HN#U#;2++\P8EK-KMNPWN MQ=[/TFYC_39_PB2GI$EANZCU2SJG4L&I]-=6#57:RPL]K'-]1K'-_1 M_3_]65BZ?U[-ZH[I^-4&8]V5@C.R;"TO:T$MJ950S_])]"MG_">I6E M.SAY^)G-L=C/WBFPU6@AS2VQH!?6]E@:YKV[DK\[%HOJHM?MMN,5M@F3QJYH MVL_MKF<+J.3T["ZE?M+IZO:S*MK8ZP5,+6>ID-H;[W-W-8W_`(+U/4_2^G[] MKICL;JF/5GO?3EN8YWHY%.YK2T.FO?6YQVVL_/KL_F[4E/\`_]"[_BXZC@8. M1U8YN53B^H:O3]:QM>[:S_`(/_`*:O$7.1C*<3IQ"(_P`5SXR(QP$HPD/5PF1_QGHOJ?\` M5?!^L-V=7E76UMQ/3],U;-0]UK?=ZC+/]"WZ"]`^K?U4P_JZ[)=BW77?:A6' M^MLT]+U-NSTF5_2]97H:CYCW;EOP:,O+>U4:KW- M?-JXN)9CG(<;C8_)?ZFYS6C:=K:P&[-OL:RNOZ2S6?5>FOI5G26Y5WV5]HN` MAFYI#Q?Z=7LVMJ]9N[Z*W$E5;;G_`++/[4/5/7=ZYH^S;=K=FV?4W1]/?ZWO M^FJ^/]7*<:G$;3>_UNGOL?C7.#20+MWVBFUK0QME5F[_`(.S^;_2+8224Y>3 MT09(H-F39ZF/D#+WPWW6M;Z;-S8VLI97[/2KV?U_4]Z-E],;DY^)FNMZM7DDE.9B=$9B4LPZ[G_`&"IQ=5C:2`3ZC:3>/TCJ*G_ M`,VS^<_TEME:K8_U8;CU8-3,NTU]+?OQ&EK-&PYFR[V?I?T;]F_]$MQ))3E. MZ#6ZGJ5)R+-O5B3>0&RWI^^KM&,^C#9BLL,UL%;+2!,`; M6DM^A]%6$DE-'H_2V=*PF8-5K[::I]/U`W<-SG6.ES`S=[G_`+JI?\V*OLM> M&W*M;CX^1]JQV`,EK][LC;:YS7>M6VQ_L_\`1BVTDE.F[=[W_3<@8WU`````$``3A"24T$)@``````#@`````````````_@``` M.$))300-```````$````'CA"24T$&0``````!````!XX0DE-`_,```````D` M``````````$`.$))32<0```````*``$``````````3A"24T#]0``````2``O M9F8``0!L9F8`!@```````0`O9F8``0"AF9H`!@```````0`R`````0!:```` M!@```````0`U`````0`M````!@```````3A"24T#^```````<```________ M_____________________P/H`````/____________________________\# MZ`````#_____________________________`^@`````________________ M_____________P/H```X0DE-!`@``````!`````!```"0````D``````.$)) M300>```````$`````#A"24T$&@`````#00````8``````````````#(```$C M````!@!A`&8`;`!O`&<`;P````$``````````````````````````0`````` M```````!(P```#(``````````````````````0`````````````````````` M```0`````0```````&YU;&P````"````!F)O=6YD'1)D%L:6=N96YU;0````]%4VQI8V5(;W)Z06QI9VX````'9&5F875L=``` M``EV97)T06QI9VYE;G5M````#T53;&EC959E7!E96YU;0```!%%4VQI8V5"1T-O;&]R5'EP90````!. M;VYE````"71O<$]U='-E=&QO;F<`````````"FQE9G1/=71S971L;VYG```` M``````QB;W1T;VU/=71S971L;VYG``````````MR:6=H=$]U='-E=&QO;F<` M`````#A"24T$*```````#`````(_\````````#A"24T$$0```````0$`.$)) M3004```````$`````3A"24T$#``````(RP````$```"@````&P```>```#*@ M```(KP`8``'_V/_@`!!*1DE&``$"``!(`$@``/_M``Q!9&]B95]#30`"_^X` M#D%D;V)E`&2``````?_;`(0`#`@("`D(#`D)#!$+"@L1%0\,#`\5&!,3%1,3 M&!$,#`P,#`P1#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`$-"PL-#@T0 M#@X0%`X.#A04#@X.#A01#`P,#`P1$0P,#`P,#!$,#`P,#`P,#`P,#`P,#`P, M#`P,#`P,#`P,#`P,_\``$0@`&P"@`P$B``(1`0,1`?_=``0`"O_$`3\```$% M`0$!`0$!``````````,``0($!08'"`D*"P$``04!`0$!`0$``````````0`" M`P0%!@<("0H+$``!!`$#`@0"!0<&"`4###,!``(1`P0A$C$%05%A$R)Q@3(& M%)&AL4(C)!52P6(S-'*"T4,')9)3\.'Q8W,U%J*R@R9$DU1D1<*C=#87TE7B M9?*SA,/3=>/S1B>4I(6TE<34Y/2EM<75Y?569G:&EJ:VQM;F]C='5V=WAY>G MM\?7Y_<1``("`0($!`,$!08'!P8%-0$``A$#(3$2!$%187$B$P4R@9$4H;%" M(\%2T?`S)&+A7U5F9VAI:FML;6YO8G-T=79W>'EZ>WQ__: M``P#`0`"$0,1`#\`](_;?19C[?C2-(]:O_R:\H^JO0^E]6;DCJ.>.G^AZ?I2 MZMN_?ZF_^?\`]'Z;/H*W]3_JKT[ZPY'4&YC[:ABEFST=@GU#=NW^I7;_`*+\ MU`^J/0NB]:^U?M;+=B>AZ?H[;*Z]V_U/4_I#+-VWTV?05V,8XQD`D;'#9K\F MC.^OR:,=K'7O%8L>RIA/=]A].MG]M[D5< MW];6G-IMQ:G.;=AUC*IVM>[]."74:UM\5$UO!+9L>RBROJC<=U)8OVWJW[;/2?4IAV,,KU_3(+/>ZE MU3:_4GM_T/O_G$E/2H;[Z665U/L:VVV?282`YVT;G^FWZ3]C?I+"MZWUAF M-@N?0RB_(S?L5C;6.#7-._9F4-]06,8^NOU/1M_XI3MOS:.J=)KZDS$NNL.5 M^G96[=6UC'/8_'?8YSJ7W4>FW*24[R2Q.E]1ZQU&C"ZC4RG[)EO<;*72UU=$ M6>A8VSW>KD.C4+;&U5NL=N+6B3M:7'Y,K#GN6!=U?JXHZU:QU#1 MT?<:I8XFS92W*V6M]7V-]VS?7_X'L_2[F+=]HQ:LB-OJUM?MYC<`Z$E-,?6' MI)Q?M@N<<7_N0*K37`.PGUA7Z?TOY2TER?U7.=9T/IF**6.P;_M#+["2XD'[ M1M9;3L;LK=9^?Z_\C_#*Q7]8>H'HN#U#;2++\P8EK-KMNPWNQ=[/TFYC_39_ MPB2GI$EANZCU2SJG4L&I]-=6#57:RPL]K'-]1K'-_1_3_]65BZ?U[- MZH[I^-4&8]V5@C.R;"TO:T$MJ950S_])]"MG_">I6E.SAY^)G-L=C/ MWBFPU6@AS2VQH!?6]E@:YKV[DK\[%HOJHM?MMN,5M@F3QJYHVL_MKF<+J.3T M["ZE?M+IZO:S*MK8ZP5,+6>ID-H;[W-W-8W_`(+U/4_2^G[]KICL;JF/5GO? M3EN8YWHY%.YK2T.FO?6YQVVL_/KL_F[4E/\`_]"[_BXZC@8.1U8YN53B^H:O M3]:QM>[:S_ M`(/_`*:O$7.1C*<3IQ"(_P`5SXR(QP$HPD/5PF1_QGHOJ?\`5?!^L-V=7E76 MUMQ/3],U;-0]UK?=ZC+/]"WZ"]`^K?U4P_JZ[)=BW77?:A6'^MLT]+U-NSTF M5_2]97H:CYCW;EOP:,O+>U4:KW-?-JXN)9CG(<; MC8_)?ZFYS6C:=K:P&[-OL:RNOZ2S6?5>FOI5G26Y5WV5]HN`AFYI#Q?Z=7LV MMJ]9N[Z*W$E5;;G_`++/[4/5/7=ZYH^S;=K=FV?4W1]/?ZWO^FJ^/]7*<:G$ M;3>_UNGOL?C7.#20+MWVBFUK0QME5F[_`(.S^;_2+8224Y>3T09(H-F39ZF/ MD#+WPWW6M;Z;-S8VLI97[/2KV?U_4]Z-E],;DY^)FNMZM7DDE.9B=$9B4LPZ[G_`&"IQ=5C:2`3ZC:3>/TCJ*G_`,VS^<_TEME: MK8_U8;CU8-3,NTU]+?OQ&EK-&PYFR[V?I?T;]F_]$MQ))3E.Z#6ZGJ5)R+-O M5B3>0&RWI^^KM&,^C#9BLL,UL%;+2!,`;6DM^A]%6$DE- M'H_2V=*PF8-5K[::I]/U`W<-SG6.ES`S=[G_`+JI?\V*OLM>&W*M;CX^1]JQ MV`,EK][LC;:YS7>M6VQ_L_\`1BVTDE. MF[=[W_3<@8WU&UL;G,Z>&UP M34T](FAT='`Z+R]N&%P+S$N,"]M;2\B('AM;&YS.G-T M179T/2)H='1P.B\O;G,N861O8F4N8V]M+WAA<"\Q+C`O&UP M.D-R96%T941A=&4](C(P,3`M,#0M,C94,3,Z,34Z-#,M,#&UP34TZ26YS M=&%N8V5)1#TB>&UP+FEI9#HR04)&.#E!0S,V,C8V.#$Q0C%!-$(R.3E$-D5! M-4$S0B(@>&UP34TZ1&]C=6UE;G1)1#TB>&UP+F1I9#HR.4)&.#E!0S,V,C8V M.#$Q0C%!-$(R.3E$-D5!-4$S0B(@>&UP34TZ3W)I9VEN86Q$;V-U;65N=$E$ M/2)X;7`N9&ED.C(Y0D8X.4%#,S8R-C8X,3%",4$T0C(Y.40V14$U03-"(B!E M>&EF.E!I>&5L6$1I;65N&EF.E!I>&5L641I;65N&UP34TZ2&ES=&]R>3X@/')D9CI397$^(#QR M9&8Z;&D@&UP;65T M83X@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@ M("`@("`@("`@("`@("`@("`@("`@("`@("`\/WAP86-K970@96YD/2)W(C\^ M_^X`#D%D;V)E`&1``````?_;`(0``0$!`0$!`0$!`0$!`0$!`0$!`0$!`0$! M`0$!`0$!`0$!`0$!`0$!`0$!`0("`@("`@("`@("`P,#`P,#`P,#`P$!`0$! M`0$!`0$!`@(!`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`P,#`P,#`P,#_\``$0@`,@$C`P$1``(1`0,1`?_=``0`)?_$`:(` M```&`@,!``````````````<(!@4$"0,*`@$`"P$```8#`0$!```````````` M!@4$`P<""`$)``H+$``"`0,$`0,#`@,#`P(&"74!`@,$$042!B$'$R(`"#$4 M03(C%0E10A9A)#,74G&!&&*1)4.AL?`F-'(*&<'1-2?A4S:"\9*B1%1S148W M1V,H5597&K+"TN+R9(-TDX1EH[/#T^,I.&;S=2HY.DA)2EA96F=H:6IV=WAY M>H6&AXB)BI25EI>8F9JDI::GJ*FJM+6VM[BYNL3%QL?(R'EZ>WQ]?G]TA8:'B(F*BXR-CH^#E)66EYB9FIN5!_EJ_,0D*=/3^5/ MJ%['^)8H`C_6/L=^VBQ2<\;#',A:,N]0`#PBD(XXXBO4=>[$[VW(',5Q&JZU MC05/$:I8UJ"*4.?7KYP'2W2G;/R'[!QG5?2NR(VMAS1)D*^F MPM#4Y7*3Q&OJZ&E\=#CJ621AK'`X_/O-+<=VVC8K-MQN&2*WP*L449('$E1Y M^O7/O:=GW/F;N)_DZ?S-`"3\0>S@`+EON-J$#D?4?WB!/%_=![B\F$T&\P_\` M.:#_`*V]>;VJ]P%%3LMS_P`X;G_K3T5_Y#_$;Y(_%&LVQ0?(?J?<_55=O.GR MM7M>#<,F*D;+T^#EH(LK+2MB\ED%TTH:@!1L._;3S$;@[/=V MDPAIKU,CZ===--#-2NEN-*TQ6AZ"^]\N\P(O.1"B+%LGP5IY\/G_L=9B_=R[N3KFXDTZC<-G\V]?\`/ULA1_D_@VM_ M7\^X9B-8D/V_X>I_#,S,3\.*=9/=^K=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7 MO?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z M]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O?NO=>]^Z]U[W[KW7O M?NO=>]^Z]U__T-A3+?\`"C#^77A2_:OF/9>:=JW.ZN[06\1X'O=R;S'R?O^RV-M?"ZF6()J6``D2QN75:J[QU^GANK8PP%@?6/ M[RJ1]3;D^\<8O8[G22XG1)K5B:4S.:8S_P`1^LK'^\5R)XJ1FUW!QG*K;E?R M/U/1QOA=_-8^*_SVW_NCK?H6;L.;<.T-I/O3,+O#:"[ZCP3RO M\9ZW*WO8W']#]/S_`(3!#5\#NX@?^\N-[<_G_F370_Y_V'L%^^,8@YQ&DDUM MHSGYD]2#]W2DO(LRD`#ZAN&/Q-UL@?HM:YO86)^@'^IL/K;\?GW#(&G2HX9Z MR!'PJ/3HCGRM^:>`^,?9WQCZ[RD&*J9.\>QWV]N2KKY9H1MG9@B@P2[ACEBJ M$CHI/[X[BQ9,LZS0FA@K$">33+$ZJU%>O='G!O?_`'C\$C^MCR.>.?Z>ZD4Z M]UW[UU[KWOW7NO>_=>Z][]U[KWOW7NO>ZL2*4'7NN))%K"][\?3Z?T_%_>Q4 MC/'KW11:_P";'2^,^5F.^'-6=UKVWE,0N5IJB/!P/M%7?;%5O%,7-EAD_OUR M+;>HVGNM&U*"0AF$A*#?7NC=*21_=>ZY>_=>Z][ M]U[KWOW7NO>_=>Z][]U[KBVK@*0"?ZJ3P"+_`$*_C_>_\+'W7NJ>_EG_`#"O MD%\4^WMA=6YSIWIO*[&WO:EQ55N:/;N(EW9'5;`HVH,@[5, M;3I2I50J=6B1O;B(&#$^5.JL:4Z-GN'=OS[Q&%K\GBNG_B[NFNI())Z?`8CN M?LJFR>2:)`WVE%/F^HL3AA6RD,%6>K@BU6!D`)84(H2!PZ\I)KTOOB1WGG_D M5T;MSLW=NSEZ]WA5YO?6V]V;&6IJJQMK9W9.^MQ[0JL5-4UE-25$M4(L)'+* M&C0QR2M&0&1@-LM.K=&5]UZ]U[W[KW7O?NO=>]^Z]TD-]S[ZI]K9.3K3'[3R MF]Q]G_!*#?&7RV"VO.?OZ49'^*93!8?/Y:E$>)\[0^&CFUU(C1]$;-(FQ2N> M'6C@=$:_EV_-_._-[9G8NZ<[L'#[!EV1N?%8&FI,/G:S.Q9*')8N3(FLDEK* M#'R0F-T\8`7DAOP`6NZ!0I'G7JB,69P?*G5B1-K?[[@?7GZ#VWTYU7;\H?EU MV;U)V!C]G=>[8V95T4%=MC#93(;MQ^[DDKZAJ=DC,(:;W7NA#_P!FYJ/L?OO]'1\?^RQ_[,!H_O91^3^- M?WB_NY_<'1_#/^`?W7K_`(U?P^+U?;_CW[KW7__1I=K-JU.^N\)MDX^>"AK= MX=K5&UJ2JFCDJ)XX1K\$$U6KR:1J**;<^^B,Q&V;7)*D;R1I& M#0#5P`\L#KE3:VIW??9;<3JC2S$*6-,LU!FA]?('JZSY._\`">[OOXO]`]H_ M(+_3NY,#U5MF?=>2P>"QV\8C@G)J!Q)(4-K<^X MOV#WBV3>]SVS9TVF99W9EU>%&/(GCXS'@/X>IJWOV#YAY>VJ7?9MQLVM(DU. M&DD.#0#!MU7B?-AFG55GPF^).ZOFY\A]J?'/9.ZL)LO/[OQ&YLG19_=4>1J< M32Q[4VU6;EJ8ZJ/#0U-=(\T&/=(O&I5)2"UAP1YSCS):IP2 M"/82Y.]U]MYLWS;MIABDMIPDI+$+&'HI(%1,Y9@!4`CA7H>\[>RN]\C[#^_; MK<+5H`ZJ=+R$C4P`KJ@C'$C\71K/^$OR@?+KOS@FWQYGOQ?4O^D?9++H8<-8 ME2;'ZCV$_?LB#9=G=YS)6X;.K5^$5_P]"O[MHFDYNW@K(OA_3K6A-#35C_B^ MA?\`^%4'&_?ADOX&S^Z3?BY)R_6WU:UVX`^OM#[`%_IN<$_T(&U('H29ZXX> M0X?GT:?>B=6W+E8!3J$=Q4^7Q0X'V4_*O1[O^$P'_9"'_'_*XK_P`\D?\`A/4@_=O_`.5'G_YZ6_X\W6Q^YL`>0/4+C\<$\_TO:U_K MSQ[A8_$O60(X=:SW\TGJ[,=[[*[?^7F*^_FQO2G]S1AZ<.O=`#\C M?YBM-\7>X]C]7=F=-9V3&=A5DC[9W5M/&R:?8&/PHLM\E]N_&N+<7QRQLV*J:+<.:[-DVOV;N7:&8S=%@<;V'A.N(MAY^ MCCVGF*G(15&/6JS$&0JT,7NRA^YI$.X:J3-&.GQNUJ;&15#I4;JJLK,M"($E:G%4&)G$"M,/ M:#6E<]>U#HKF8_F"[ZZ]Z\ZU[^[D^.C[&^._:5?MZ#%[JPW9=)N_L+:&+WA3 M25VT]Q;]V!'M/#T&-Q69Q\8F*T68KZFGUI#)']RZ0M[0>%>O:AT*'RZ^;!^* M>PMO=N'K,=G=5;CDVW0T&Z]M[[Q6.J:K+;HILSDL9#08FIQ5;'78B;$8R.H6 MN2JTL)[>/2I?W[0?45Z]J'1?D_F@Y>KWK\9X*/XT[P?JWY-YFDP6S-[S;CMN M0S-7;?PF6S<&QJ;;53)4;7QV?W`(8)JBMI)\A2TTM7'"D1@\VBI7KVH>G2YP M'R;V;7?/7"]#;U^,VW-L]\56Q\KD*3MNES&U-SY6BVK3[>RV>IL5!GX]KXW< M`@KZ''LC4_W$4,3RLI5A=WT!6O6PP/0P]H_+Z+`]XX[XO=+;'7N+OJ;!/NC< M^'J=T)L[9/66U4IZ&:+/]A[M_A.Y:Z@-5'E*5H:2EQ]553"IAOI\T)?>@TKU MOI+=&?.>E[#^1_87Q,[(V/C=B=S["QBY@':&[ZSL#8F?ITHL1D\ACZ'<61VA ML;*TNXVVGNK-]@]PU76];F\XC5D%]H[=Q'7'8%?4;?J:_%UE/2Y6O>@HZMJ M:1HF9$8CV@C)(ZUJ'2]^)OS0VK\O.MMX[KV)M?(83?'7^0J-O[MZZSN4H3)0 M;E6BGJ<=2T^XZ))J.IPV8J*:6*"M:"-@T$FN%+"^BA%.M@UZ`/;?\S"7<'>V M_OC/'\>]U2=U[0>;&8C:^&WCBLWC-R;BIGHY:ZDJ=S?P;'8O;&!Q&(J9:ZKR ME5JBCBIFBCCEJ)88GWH/&HZWTN,#\YMS;<^5VUOB/W_U'A.O=[=@[4BW7L+= M.PNQJWL?:.8BJ&S\5+B\E+E]@]>Y+$5554[4R-/%+X9T:KBCB*JLHE%2*=>Z ML1/K-FL=)6_Y`:\;S,--4U=3*2(H888TU.[6"A;L54$A^+X9/RZH_EU:;7?.GJ M3=_R.^-W1727:&QNR*OL;/=B5'8+;2R%'NFCQ6T=I]3;XW+0:-P8NMFH:'*U M6[<51*L2-.[01S*XCNC%EN)'7E\^D/A/ESM[I_Y<8+X8R]%5NT,WVYN'=W9$ M6Y\;V"FY<#45&[I]Y;KRFYJC'U.-CJ,?7;ER^!JJB>AAD2.&:IU"Y9O;C*6I M3JW2F^4WSRK/BEV1UAL?>?3-=F<1W%N6IV[L;=6%WQC'>H_AM9M&@S%?E=OR M885..CHZK>5-XH_.[5`CD`*6!-`I/`];Z4OS9^:55\+-N8#?6>ZGJM\[#S^= MQ6T(&VG)+]XM0=4LHB$1(+>_!2?/ MK1-.@XWC\[>UZ'HS(_*#8WQIAS/1&%PF*W)-EM[]H/L+?>Y\!5U5#2Y#/;,V M4FPMQPU&WX'JV-'4Y.OQM1D8(_N(:;PR1&3>@\*BO6M0Z'_;?S,Z=S'Q5QGR M_P`ODJG;/5=;MJ7.U0R,(FS-%DJ3,U>UJW:L-+2/+#D\XN[:&3'4X@D*U4^G M39&#>ZD$&AZV#7H)]K_+GOC MX]NR_#'^?34?QR?ET?3'_-7N_.],S?)O;_Q>H<[T&V)SFZL>,?W!3OW-5;(P MLU>AW8^P#L.3::%H*`U4N/3R-W;2R M%-F=S;!PU-6/@]X[PVI5UFV\W2P9W^Z6Y*S9>;VT-WX.BJJZ713Y!*BG1YIS M&B>:0-[KW0G_`.BWK?\`YX+9EO[C?Z,;?W6P/_,MO^??W_A]_P"Y-^?X5_P` M_'BMQ[]U[K__TJD^N^?EUL@&W/R-VV+$*P'_`!DVD)(5PRWXM>W`)_//OH9> ML6V4LTC#5%D`XX>77+3;%KS'MB*H7_&%R,$]U,G^?V]?0_\`YNBC_AM7YB-< MZO\`0]DV!X])_B6+((XN-/X]X3^VB:N>^7B7D*M,^`<"D;T_*O'KH%[M&1/; M/F8H_\`&[0PV]\9-MC$ M92FP^0KWW9M;*;:A>*OJZ:KA1*6?)+*RE?4$_P`/>8W.W*%[SALU]L4+6T49 M\,B1E8O565LD`@U*D8I@]8+>W7-,?)/,VW[_`#6QE2,."H`.&1D/%DX5J,\0 M.K4?YF/\\C8OST^+V6^/VWN@]V=>9#);PVANE-RYS=N%SE##'MBO>IEI)L=1 MXFCGUU:2$(ZN`"GN+?;[VEW?EKF6TW>ZO;6165U"DN0O:02-48H:5\_/J5O< MKWHV[G?EB[V.WVV>$NR$,Z*M=+JW81,^05H<'!H:5Z(Q_*A_F%;>_ER]T=A= MH;CZVS/:--OCK6;8-/B,#N"BPM3CIO[T8;<'WU34Y"BKHYZ>./"O'XU52"ZF M_!N-O<[D.ZYMMMIVVSOK8(CNU22U<#':I_U#H!^U7N!8\@7>X;G>6EC_-K_F;;7_F4[CZ0S>VNJ-P]7Q]2X7?6+JX,WN'';A?,G=U M=MFI@GIWQ]!0K1_9';SHZN&+%P1:WM+[7XUE[@_N::TM'A:U$M?$"J7\4Q<"LCUIH\Z4J>-<;%_\` MPF"LOP/[AYL?]FXWOPW!L.FNAN2/]C_L?<&^^DC2!V'A45WMJS>\A9=D9G8N9VGF15?'S>M;N">?="UE?G=P2[B7Y`P4=3N:;<.4J,@:Y: M!8VK'\W@7B(6!`/#'5-1Z(U_(][4S&TMQ?('XC[U;['-[9SU3OC"X>:0_<46 M9PU9#L+LS%([%XV^UKF_EJ=NTU-# M!%31=9]=Q4\$482%*=-U;&BCIXHE0B.-8=*+87"V_I[W^+JO52?S#&9/\GGX M0&B%4^$&ZMK_`,=%*C+`7_NQV4<=!5JB"84IF6550C[8S:+IJ$.G3,5..K`5 MZM2E^#E5\@_CILC879_RE^0&>Z_W!LCKW)5NS8:+H7&8V`T&*P^;QE)2Y"@Z M4AS,=-BJB*+PEZMW81J)7D&K576?0=;TCHH7\S+;^QMH_P`KSIW:?6F[Q=@[1VQNS,2QUV2S&+VQB>P,`OW$U'08VGG2E>C>F0PP10K#$/'Z+$NQ M=[-7TZ]I'5PWQAHJ6B^-/Q\HJ6GB@I:7H[JBECIHPH@BC786WXQ`%56C*!2. M0"#;GVTS&I'7M(ZJCSAO_/8V<;VT]*U(]3*"=/5V[CI4ZS=%U7"V)!9B`/4? M?EX-^76P*'I'?RVY\G5_S)_Y@%;O'S#>2YC?M)#'4?<,T&(C[=EB6FHM4DD4 MF*HZ"CQT5.0S`TZ0Z&(-A=LCKW5PNZF^/G3V\Y^U-PX38.SNR-^XK/XZJWK! MMS'T^]-TXG96S:_>^X*"KS^/QPR>8I,#M/9$M9*LTVA8J&-02Z0(="IQY=5; MRZJ\^"N0W)\D,-3#0T.,J(/-631J3;[@W)I0'CU7I!_R+!*M/\O8YZE: MJI7L'8Z35)6.'[EA!OM9)UB75X(I7((4(PNX.D=P[TR(J(L#3RY3<&"W MIUENW8-1ML9:&KI'Q]%3Y+<5-DBSBI#-1>)44R^14Y9BV1CK8`'51'?O/\\7 MXQ6:S#K7&*MAJ"N-N=TG]"ZPPT*RDV!4FVG@,5-`$4^M>M5R1U@_G15,$GZ^ZJ*=;Z$W^ M>^+?$7K@*#S\D=I*JKK7Z=7]P%BK*+HH1+DJ!Q<`\GWY.)KQIU5O+HQGRT58 MOY7>_P!8XPJI\;-J:(U"(@1<+MM1&BHA7F,$(JCC@#3Q;0/?3JO5*G=4N?B_ MDD?#Z/'&88BH[UWK#N%HDD+/IWO\A9L3#6I]&H&R,(+"12BU"PG]2B^RH8FI MZV#3K9B^/+8]_CQT<*%7.*EZ:ZS^SBR,L4]2*`[)PJT\59(HD2HG,)'D^P!\+OG!#VMDZK$]:5HR.*W_F*2*K:NH-G97K?(XG M<.1@AHX,C6J\&*JY70QPSE`+Z&%PSCC5I!\NJKVEB//IIW3TA_,=_EK[:SV< MZNW[A>\_B]MZ*NK\[M;)4<6?P-%M"HJY9LE_>#K[/A\QMO&5B5;RU[;;KYH" MKR3SR@-*RT"*?,]6U'J_KXO]J8CNSX_]3=HX+;]-M3&;OV5AZZ';%$BQT&W9 MJ6-\76X''B."FB;'X:MH)*:G98X]4$:'0H('NC``XZV#7H>O=>K=?__3J2Z[ M(_V;S8Q)`_YR.VW];<_\9-IN.2+7_KS[Z#W=7V1%`/\`9?Y.N7.VT3F?:Q^$ M7"_\>Z^FQ\J^A:#Y1_'GM7X^93<%7M7&]K[3J=JUVXHGIJAJND MI*EXZ>HE0TP&ER!S[P+V'>)N7-VV_=(RGBPLQ&HFAJI7R*GS]>ND?,VRMS1R MY>[*CJL4ZJ&)/D&5L=K"M5\U/6NC'_PEIZCY+?+#LH#/W:MD>[\*7>[E4`_!)&.(KC_`!<_ MX.J__P"9E_(VZ_\`@5\7W8=PNIRLB*H+HP!:103B%*"A\B,@<>B+?RH/Y>FV_YBWRY="_I7\" MYX^I^L0_Z_O,?U!D3;;8$>5):9%/]^]3C']VW8=*)+O$[$UIWQGA]MOU=3_+ M>^`NW/Y=?2>Z^EMM=B9WLBBW5VEFNT9L]G\-CL)5T55F-I[+VBV+CI.=9&*LS5#+;T^XMYKYGO>:]T;<[R)5F*A:+JI0$G\3,?/UZF7D/D>Q MY,V,;?:SLR:RV2O$GY(@_ET*7R)^.N_N^6SNQL?M3']> M;>W+#DMY;'RAS&!R&9R68R$$^0QM#E8H*A:)4C031*[EB(]`6&A&=D-2:5_+ MH>L2793P%*=&,Q^*W33;/7"Y'=%/D=WG$55++N^/`T^/I9,O/#.D&8&W(JR: MEBCBJ9$8TPJ`)-!]0N3[KJ%=/GUZ@].JS-N_RRLOM#Y+9/Y8;;^1N3Q/:>9R MN>S652FZKP0VM7UFZ,1+BL_]SMU]Q2,T>3%3)4R)Y-0JV,JLM@ONY-0.M4Z$ M?NKX(;G[O[RZQ[ZS/?M3BMS=-Y2/(==8ZBZOPW=M7MS;NTZC&YL4V"V#AIJ[ M(;SI,7D<-7YV2OJ,ZA@HJZDR1(H%0K"ZBTC`E?>@2.!Z]TM^Y_BWOGO#H'_0 M'N;N]:/"9:@?$[RS>/ZTQGW^X,10Y;"Y7;%/14LNX1#@9\/_``?1*X-0:H2\ MZ"@)]4^O6J#TZ;MG_"+;L'QBK/B9VON]^U>K!M[';;VV6VS1;3W!MN#%U%3D M*++4V5HLAD14YVDRIIJF"5HTBC>`J\$NS*"`8ZDVW_`*59=YY7"8VII,(B4JY>DVS! MDT10\<\<]IA[KW3=\G_@CC?D9U;L_HK%]@GJCIS9<6UI,)L[;NRJ+,U5+D=I M4&;Q&*GCSV3R]/4)1?P?)1PO`\4CEH0S2$N1[<1].KKW1G^D>N=S=3]?X78. M?WTF^Z7:6)PFWMKU\>UJ3:M10;:V[@J'!XV@K*2@R.1BR%4J4&MI;QB1FX4# M@-%JM3SZ]T3NO^!>\ZWY/4WRT;Y%RQ]J8W;L^V:%3U7A6V_#A),7781:>?'? MWG$]0ZX^OF7RF8$N58J;6][KU[H2.POAM'5=]'Y0]&=@'I;NO*;>FVKOBIJ- MI4N^MA=E;?9,:L5+O3:39?;-;_$(9<-1?Y5096BDTTD;$-(NL[J?7KW2SV[\ M<,KFMRUV^_D+O^/NG=,NTMP[&P>&HMJ1[$ZVV7MG>-#'0[S@VOL],WN:O;-; MNIZ=:>LR>1RM?5"B400&")Y5D\&(X=>I7HKO1'\O7M+XQTF^=B=(_+/+[2Z< MWQGY]ROMNLZHVYG-_8#(STE!BJNJV]OFOSS8>FR55A<=2T[ULV"J?^`T3>(N M"QMK)\AUJ@Z47Q@_E_9OXA[Q[-R/5'?V2FZ][+JI:^KV5NWKS'Y_.T&1I<5N M"EVQ7?W[7(S&,?)XG*5=%B3%N)I<-+5-B88UJ?\H:/4?3 M_353Z];ZA=K_``$SW:OR=V;\J*[OVMP^^>M(8,;L+%4O6V&J\/BMO8W.[JSN M%QV6A;<4<^>J:23==3%)4?Y.TP1;*I!U;!P1U[JQ'&05U-C*"ERMO=5J?)C^73D/E)VIL M_M/>O?>1Q=;USEJB?86*Q'7F'^TQ..7D$\7#E0`.JGB.K#MCXC=N&PBT.]MX4N]LZE3+))FZ/;5)M.%Z:32:>E_@U) MD4%N6ZFM?/KU!Z=(;KW^7]L_`_%;*_#WL?>=5V;U%) M3U$6UU.W,?M;66E:6!8TCA:&9)XII5 M+A?S`Z]0=<]D_$KO/:76F"Z$KOE3+D.CL#AAM,)0]5TF"[@J=@(9JS]EC M>V1P>/HH-ONN/6OI,!!DHZ<#PS12(DJUUGC05Z]0=!-TQ_+$BZ2Z8[WZ-V]W MKEZ[9O?6UG0LY?XE=[9[K'(?'[(_*V>IZ0R.`EV77O+U-CY.ZZGKZIH3AZK95=V M74[NEVM6)58`FEFR4NUFR%1'(SR/K;6=5/&N>O4'IT=#K?K_`&IU3L3:?6VQ M<6F&V?LC`XW;6W<:KR2M2XO%4R4U,LU3,6GK:J14US5$C/+43,TDC,[,QU4G MB>M]+?W[KW7_U*48VMV75[CQGW48J*:+*87=G0/;2&4FQ!L1T7MTM+NVVNT#L$EC;54K446N./\P>N4GU4]M?VU\4 M'U"/J`H:5!K3UIZY'V]7,R?\*.OYCA)!R'2!'.G3UDR@`FX6Z[I!8)]!>Y_J M3[B>'V&Y2*L+B:Z>O`L\=1ZT_1`_EU,TGWB.?Y8X=%K8Q4K\"7"UXNA_PH]_F/#_EX](WL`3_HO`)/T+$C<_U(^MK#VY_K"\G`42ZNU'RDC_ZT M].G[Q?/IJ?H-LU^OAW%?V_4=%F^6G\X;YA_-3IROZ0[JK.LYMC5F=P6XIX]L M;*&#RYR.!J7J<>T>1?.5Y2(2.=:Z+L#P1[/>7O:W8>4MR3>]LOIOJT4@"61" MI#`J<+$AX&N#QIT&M^]W.:.<-N3E[?(K?]WNU28UE#U7N&7E9>('%>'SSU8O M_P`)?3_SEUW]8ER?CM+J(9B&8]D;)87"MX=9`/ULQ%[?GV"/O#BFW[)9+9Z[T+P/P#<"PL"#<$`@BX87']"/?M(KJ\^O=>T+:W/\`L"0186X(L1_L M/=NO==E%/U`/TO\`X@$D*;6NHO\`0^_=>Z]H'!NU_P"NH\\@FX_3^/Z<_=>Z[M?_`'PN!^0#;@?[S[]U[KK0+WY_Q_QM M]`3^I@.?J?S[]U[KVA3>XO>^JX!#`BUF!%OI;_;#W[KW76@#\F_];W(N`.+_ M`*1Q]!8>ZA0#6IKU[KO0+6%UM^FU@%_UEMIN+_D'W;KW7@BBW%[6L3R1:]N3 MT@?[$W-K"YN.20`3P`/];W[KW76@_=>ZZT"][D?3CBP`(-@MK?4?7ZBYL? M?NO=>T"P')L+\8M:Y'U/ILO)8,6X`Y+"Y_K?F_OW7N MN](_Q^A'U_K_`(_7W[TZ]3SZ[``^@L+6L/IQ?Z#Z?GW[KW7BH/\`R('BXN.0 M>#;W[KW7$HI()N;?3DCBUK&UBRG^AO<_ZP]^Z]UWI'/)-[WN?Z_@?T`']/?N MO=>T#\7``M8&PM>_%OI_L/K[U3-:GKW7M(O>YOR.;?0DDCZ?0\7_`*V'O?7N MO:%XL+6-^`!S8B_TX)O^+>_=>Z]I'XXYOQ_4W)/^Q)_V/^W]^Z]UT$`M:]P+ M7-BW].6(+,?]<\V]^Z]UR`M_4_3D_P"`M[]U[KOW[KW7_]6K7?G_`!^^\_\` MLGK_`(^S<'^>_P`[_P`7*;]?^']/>7EO_:[7_P`K/\+?V?#X?P_+_)US_P#] M$B_Y5'S_`+3CY\>DB?\`RWCV:M\*?\K?Y]./_80?\J7^+A]O7'_TG?W3_P`> M[IG_`,'_,K?^9`S?\>/_P`7'_F8>RO^!7_3)_UTT^XM]V/[/;O^ M2KQ;_[=6Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_ M=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[K MWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_=>Z][]U[KWOW7NO>_= 1>Z][]U[KWOW7NO>_=>Z__]D_ ` end XML 10 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; } XML 11 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Sep. 17, 2012
Protected Asset Allocation Fund (Second Prospectus Summary) | Protected Asset Allocation Fund
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Protected Asset Allocation Fund/SM/
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
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
an interest in Class P2 shares of the fund. It does not reflect insurance contract
fees and expenses. If insurance contract fees and expenses were reflected, expenses
shown would be higher.
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 may pay transaction costs, such as commissions, when it buys and sells
securities and other investments (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 annual fund operating expenses or in the example, affect
the fund's investment results.
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Based on estimated amounts for the 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 cost of investing in Class P2
shares of 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. The example does not reflect insurance
contract expenses. If insurance contract expenses were reflected, expenses
shown would be higher.
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 The fund pursues its investment objective by investing in shares of an underlying
fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking
to manage portfolio volatility and provide downside protection primarily through
the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with high
total returns (including income and capital gains) consistent with preservation of
capital over the long term. The underlying fund invests in a diversified portfolio
of common stocks and other equity securities, bonds and other intermediate and
long-term debt securities, and money market instruments (debt securities maturing
in one year or less). The underlying fund varies its mix of equity securities, debt
securities and money market instruments. Under normal market conditions, the
underlying fund's investment adviser expects (but is not required) to maintain an
investment mix falling within the following ranges: 40%-80% in equity securities,
20%-50% in debt securities and 0%-40% in money market instruments. As of December
31, 2011, the underlying fund was approximately 75% invested in equity securities,
21% invested in debt securities and 4% invested in money market instruments. The
proportion of equities, debt and money market securities held by the underlying
fund varies with market conditions and the investment adviser's assessment of
their relative attractiveness as investment opportunities.

Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets
in common stocks and other equity securities of issuers domiciled outside
the United States and up to 5% of its assets in debt securities of issuers
domiciled outside the United States. In addition, the underlying fund may
invest up to 25% of its debt assets in lower quality debt securities (rated
Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser).
Such securities are sometimes referred to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus
as the protection strategy. The protection strategy consists of using hedge
instruments -- primarily short positions in of exchange-traded futures
contracts -- to attempt to stabilize the volatility of the fund around a target
volatility level and reduce the downside exposure of the fund during periods of
significant and sustained market declines. The fund employs a sub-adviser to
select individual futures contracts on equity indexes of U.S. markets and
markets outside the United States that the sub-adviser believes are correlated
to the underlying fund's equity exposure. These instruments are selected based
on the sub-adviser's analysis of the relation of various equity indexes to the
underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity
levels of relevant futures contracts and transparency provided by exchanges as
the counterparties in hedging transactions. The target volatility level will be
set from time to time by the investment adviser and the sub-adviser and may be
adjusted if deemed advisable in the judgment of the investment adviser and the
sub-adviser. The sub-adviser will also seek to hedge the fund's currency risk
related to its exposure to equity index futures denominated in currencies other
than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash equal to the difference
between the value of the index at the close of the last trading day of the
contract and the price at which the index contract originally was written.
A futures contract is considered a derivative because it derives its value
from the price of the underlying index. A short position in an index futures
contract gains in value when the underlying equity index declines and loses
value when the underlying equity index rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of
extreme market volatility, the exchange-traded equity index futures could
significantly reduce the fund's net economic exposure to equity securities. The
fund's investment in exchange-traded futures and their accompanying costs could
limit the fund's gains in rising markets relative to those of the underlying fund,
or to those of unhedged funds in general.

Futures contracts can be purchased or sold by the fund for less than their
specified contract value, allowing an efficient use of fund assets for the
protection strategy. However, the fund's investment in exchange-traded futures
and their resulting costs could limit the fund's gains in rising markets relative
to those of the underlying fund, or to those of unhedged funds in general. In
situations of extreme market volatility, the exchange-traded equity index futures
could potentially eliminate the fund's net economic exposure to equity securities.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
Risk [Heading] rr_RiskHeading PRINCIPAL RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an underlying
fund, the fund's risks are directly related to the risks of the underlying fund.
For this reason, it is important to understand the risks associated with
investing both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the underlying
securities or indexes because changes in the prices of futures contracts may not
track those of the securities or indexes they are intended to hedge. In addition,
the protection strategy may not effectively protect the fund from market declines
and will limit the fund's participation in market gains. The use of the protection
strategy could cause the fund to underperform as compared to the underlying fund
in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when the
underlying equity index increases in value. As the underlying equity index increases
in value, the holder of the short position in the corresponding futures contract is
required to pay the difference in value of the futures contract resulting from the
increase in the equity index on a daily basis. Losses from a short position in an
equity index futures contract could potentially be very large if the value of the
underlying equity index rises dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve larger
price swings and greater potential for loss than other types of investments.

Investing in income-oriented stocks -- Income provided by the underlying fund may
be reduced by changes in the dividend policies of, and the capital resources
available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may be
subject to greater price fluctuations than shorter maturity debt securities. In
addition, falling interest rates may cause an issuer to redeem, call or refinance
a security before its stated maturity, which may result in the underlying fund
having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments
or instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than if
the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund
fits into your overall investment program.
Risk Lose Money [Text] rr_RiskLoseMoney YOU MAY LOSE MONEY BY INVESTING IN THE FUND.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus As a non-diversified fund, the fund has the ability to invest a larger percentage of its assets in the securities of a smaller number of issuers than a diversified fund. Therefore, poor performance by a single large holding could adversely impact the fund's investment results more than if the fund were invested in a larger number of issuers.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading INVESTMENT RESULTS
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date
of this prospectus.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Because the fund will begin investment operations on September 28, 2012, information regarding investment results is not available as of the date of this prospectus.
Protected Asset Allocation Fund (Second Prospectus Summary) | Protected Asset Allocation Fund | Class P2
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Management fees rr_ManagementFeesOverAssets 0.25%
Distribution fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.33% [1]
Acquired (underlying) fund fees and expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.30% [1]
Total annual fund operating expenses rr_ExpensesOverAssets 1.13%
Fee waiver and/or expense reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.10%) [2]
Total annual fund operating expenses after fee waiver and/or expense reimbursement rr_NetExpensesOverAssets 1.03%
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 105
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 349
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board.The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.The waiver may only be modified or terminated with the approval of the fund's board.
EXCEL 12 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`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`@("`@("`@ M/'1D(&-L87-S/3-$=&5X=#Y!345224-!3B!&54Y$4R!)3E-54D%.0T4@4T52 M2453/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@("`@/'1R M(&-L87-S/3-$3PO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0^4V5P(#$W+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@ M("`\+W1R/@T*("`@(#PO=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T* M+2TM+2TM/5].97AT4&%R=%\S96-F.#(X8U\R965F7S0R8S=?8F0R9E\R,SEE M,38S8S=A.#,-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,V5C9C@R M.&-?,F5E9E\T,F,W7V)D,F9?,C,Y93$V,V,W83@S+U=O'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C M:&%R'0^24Y615-4345.5"!/0DI%0U1)5D4\'0^/'1T/E1H:7,@=&%B;&4@9&5S8W)I8F5S('1H92!F M965S(&%N9"!E>'!E;G-E'!E;G-E'!E;G-E'!E;G-E'!E;G-E'!E M;G-E2!T:&4@9G5N9"=S(&)O87)D+E1H92!A M9'9I2!E;&5C="!A="!I=',@9&ES8W)E=&EO;B!T;R!E>'1E;F0L M(&UO9&EF>2!O'0^15A!35!,13QS M<&%N/CPO6]U'!E;G-E'!E;G-E'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO;BP@,2!9 M96%R/&)R/CPO=&@^#0H@("`@("`@("`@("`@(#QT:"!C;&%S7,@ M86YD('-E;&QS/&)R("\^&5S('=H96X@9G5N9"!S:&%R97,@87)E(&AE;&0@:6X@82!T M87AA8FQE(&%C8V]U;G0N(%1H97-E(&-O'!E;G-E M'0^/'1T/E1H92!F M=6YD('!U6EN9R`\8G(@+SYF=6YD+"!T M:&4@06UE2!A;F0@<')O=FED92!D;W=N2!T:')O=6=H(#QB2!S96-U2!M87)K970@:6YS=')U;65N=',\ M8G(@+SXH9&5B="!S96-U6EN9R!F=6YD('9A'!E8W1S("AB=70@:7,@/&)R("\^;F]T(')E<75I M"!F86QL:6YG('=I M=&AI;B!T:&4@9F]L;&]W:6YG(')A;F=E2`\8G(@+SYM87)K970@:6YS=')U;65N=',N M($%S(&]F($1E8V5M8F5R(#,Q+"`R,#$Q+"!T:&4@=6YD97)L>6EN9R!F=6YD M('=A2!T:&4@=6YD M97)L>6EN9R!F=6YD('9A6EN M9R!F=6YD(&UA>2`\8G(@+SYI;G9E2!296-O9VYI>F5D(%-T871I7,@82!R:7-K+6UA;F%G96UE;G0@;W9E2!R969E2!S:&]R="!P;W-I=&EO;G,@:6X@97AC:&%N9V4M=')A9&5D M(&9U='5R97,@8V]N=')A8W1S("TM('1O(&%T=&5M<'0@/&)R("\^=&\@2`\8G(@+SYE>'!O2!I M;F1E>&5S('1O('1H92!U;F1E2!L979E;',@;V8@'!O"!I M2!I;F1E>"!D96-L:6YE2!I;F1E>"!R:7-E2P@=&AE M(&5X8VAA;F=E+71R861E9"!E<75I='D@:6YD97@@9G5T=7)E'!O2X@2&]W979E2!E;&EM:6YA=&4@=&AE M(&9U;F0G6EN9R!F=6YD+"!T:&4@9G5N9"!O=VYS(&$@ M9&EV97)S:69I960@;6EX(&]F(&5Q=6ET>2!A;F0@9FEX960M:6YC;VUE/&)R M("\^6EN9R!F=6YD+B!);B!A9&1I=&EO M;BP@:6YV97-T;W)S(&EN('1H92!F=6YD('=I;&P@:6YC=7(\8G(@+SYF965S M('1O('!A>2!F;W(@8V5R=&%I;B!E>'!E;G-E2!W;W5L9"!I;F-U6EN M9R`\8G(@+SYF=6YD+"!T:&4@9G5N9"=S(')I2!R M96QA=&5D('1O('1H92!R:7-K6EN9R!F=6YD+B`\ M8G(@+SY&;W(@=&AI6EN M9R!S96-U2!O2!B92!I;7!E2!I;F1E>#QB M2!T:&4@9&EF9F5R96YC92!I M;B!V86QU92!O9B!T:&4@9G5T=7)E2!I;F1E>"!R:7-E2!I;B!A('-H;W)T('!E2!T:&4@=6YD97)L>6EN9R!F=6YD+CQB2!I;G9O;'9E/&)R("\^;&%R9V5R('!R:6-E M('-W:6YG7!E2!T:&4@=6YD97)L>6EN9R!F=6YD(#QB2!B92!R M961U8V5D(&)Y(&-H86YG97,@:6X@=&AE(&1I=FED96YD('!O;&EC:65S(&]F M+"!A;F0@=&AE(&-A<&ET86P@6EN9R!F=6YD M(&EN=F5S=',N/&)R("\^(#QB2!D96)T('-E8W5R:71I97,N($EN M/&)R("\^861D:71I;VXL(&9A;&QI;F<@:6YT97)E2!R97-U;'0@:6X@=&AE('5N9&5R;'EI;F<@9G5N9"`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`@/&AE860^#0H@("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP M92!C;VYT96YT/3-$)W1E>'0O:'1M;#L@8VAA'0^/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^4')O=&5C=&5D M($%S6]U('=I=&@@:&EG:"!T;W1A;"!R971U M'!E;G-E M(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0@0FQO8VM= M/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'1T/E1H:7,@=&%B;&4@9&5S8W)I8F5S('1H92!F965S(&%N9"!E>'!E;G-E M'!E;G-E'!E;G-E'!E;G-E'0^ M04Y.54%,($953D0@3U!%4D%424Y'($584$5.4T53("A%6%!%3E-%4R!42$%4 M(%E/52!005D@14%#2"!914%2($%3($$@4$520T5.5$%'12!/1B!42$4@5D%, M544@3T8@64]54B!)3E9%4U1-14Y4*3QS<&%N/CPO'0^4$]25$9/3$E/ M(%154DY/5D52/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S M'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D M(&-L87-S/3-$=&@^7,@86YD('-E;&QS/&)R("\^&5S('=H96X@9G5N9"!S:&%R97,@87)E M(&AE;&0@:6X@82!T87AA8FQE(&%C8V]U;G0N(%1H97-E(&-O'!E;G-E'0^0F%S960@ M;VX@97-T:6UA=&5D(&%M;W5N=',@9F]R('1H92!C=7)R96YT(&9I&%M<&QE(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^15A!35!,13QS<&%N/CPO&%M<&QE($YA'!E;G-E17AA;7!L M94YA'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/E1H:7,@97AA;7!L92!I&%M<&QE(#QB6]U'!E;G-E&%M<&QE(&1O97,@;F]T(')E9FQE8W0@ M:6YS=7)A;F-E(#QB&%M<&QE(&)Y+"!996%R M+"!#87!T:6]N(%M497AT73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE0GE996%R0V%P=&EO;CPO=&0^#0H@("`@("`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`\8G(@+SYF=6YD+"!T:&4@9G5N9"=S(')I2!R96QA=&5D('1O('1H92!R:7-K6EN9R!F M=6YD+B`\8G(@+SY&;W(@=&AI6EN9R!S96-U2!O2!B92!I;7!E6EN9R`\8G(@+SYS96-U2!I M;F1E>#QB2!T:&4@9&EF9F5R M96YC92!I;B!V86QU92!O9B!T:&4@9G5T=7)E2!I;F1E>"!R:7-E2!I;B!A('-H;W)T('!E2!T:&4@=6YD97)L>6EN9R!F=6YD+CQB2!I;G9O;'9E/&)R("\^;&%R9V5R M('!R:6-E('-W:6YG7!E2!T:&4@=6YD97)L>6EN9R!F=6YD(#QB2!B92!R961U8V5D(&)Y(&-H86YG97,@:6X@=&AE(&1I=FED96YD('!O;&EC M:65S(&]F+"!A;F0@=&AE(&-A<&ET86P@6EN M9R!F=6YD(&EN=F5S=',N/&)R("\^(#QB2!D96)T('-E8W5R:71I M97,N($EN/&)R("\^861D:71I;VXL(&9A;&QI;F<@:6YT97)E2!R97-U;'0@:6X@=&AE('5N9&5R;'EI;F<@9G5N9"`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`@("`@("`\=&0@8VQA'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$ M=&@^2!);G-T:71U=&EO;B!;5&5X=%T\+W1D M/@T*("`@("`@("`\=&0@8VQA'0^66]U2`-"G1H92!&961E2!O=&AE'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E(')E M:6UB=7)S96UE;G0\+W1D/@T*("`@("`@("`\=&0@8VQA'0^,C`Q,RTQ,BTS,3QS<&%N/CPO&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#$@665A&%M<&QE665A M2!O;FQY(&)E(&UO9&EF:65D(&]R('1E M7!E.B!T97AT+VAT M;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\:'1M;#X-"B`@/&AE860^#0H@ M("`@/$U%5$$@:'1T<"UE<75I=CTS1$-O;G1E;G0M5'EP92!C;VYT96YT/3-$ M)W1E>'0O:'1M;#L@8VAA'0^4')O M=&5C=&5D($%S2D@?"!0'0^4')O=&5C=&5D M($%S6]U('=I=&@@:&EG M:"!T;W1A;"!R971U'0^1D5%4R!!3D0@15A014Y315,@3T8@5$A%($953D0\6]U(&UA>2!P M87D@:68@>6]U(&)U>2!A;F0@:&]L9"`\8G(@+SYA;B!I;G1E6EN9RD@9G5N9"!F965S(&%N9"!E>'!E;G-E M'!E;G-E(')E:6UB=7)S96UE;G0\+W1D/@T*("`@("`@("`@ M("`@("`\=&0@8VQA'!E;G-E'!E;G-E(')E:6UB=7)S96UE;G0\ M+W1D/@T*("`@("`@("`@("`@("`\=&0@8VQA&-E960@+C(X)2X@5&AI2!B92!M;V1I9FEE9"!O'0^/'1T/E1H:7,@97AA;7!L92!I M&%M<&QE(#QB6]U65A'!E;G-E&%M M<&QE(&1O97,@;F]T(')E9FQE8W0@:6YS=7)A;F-E(#QB2!B92!H:6=H97(@;W(@ M;&]W97(L(&)A&%M<&QE+"!W:71H(%)E9&5M<'1I;VXL(#,@665A7,@86YD('-E M;&QS/&)R("\^&5S('=H96X@9G5N9"!S:&%R97,@87)E(&AE;&0@:6X@82!T87AA8FQE M(&%C8V]U;G0N(%1H97-E(&-O'!E;G-E'0^/'1T/E1H92!F=6YD('!U M6EN9R`\8G(@+SYF=6YD+"!T:&4@06UE M2!A;F0@<')O=FED92!D;W=N2!T:')O=6=H(#QB2!S96-U2`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`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`T*"0DR,#$R/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^4')O=&5C=&5D($%S6]U('=I=&@@:&EG:"!T;W1A;"!R971U'!E;G-E(%M(96%D M:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S'0@0FQO8VM=/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/E1H M:7,@=&%B;&4@9&5S8W)I8F5S('1H92!F965S(&%N9"!E>'!E;G-E'!E;G-E'!E;G-E'!E;G-E'0^04Y.54%, M($953D0@3U!%4D%424Y'($584$5.4T53("A%6%!%3E-%4R!42$%4(%E/52!0 M05D@14%#2"!914%2($%3($$@4$520T5.5$%'12!/1B!42$4@5D%,544@3T8@ M64]54B!)3E9%4U1-14Y4*3QS<&%N/CPO'0^4$]25$9/3$E/(%154DY/ M5D52/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S M/3-$=&@^7,@86YD('-E;&QS/&)R("\^&5S('=H96X@9G5N9"!S:&%R97,@87)E(&AE;&0@ M:6X@82!T87AA8FQE(&%C8V]U;G0N(%1H97-E(&-O'!E;G-E'0^0F%S960@;VX@97-T M:6UA=&5D(&%M;W5N=',@9F]R('1H92!C=7)R96YT(&9I&%M<&QE M(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE2&5A9&EN9SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^15A!35!,13QS<&%N/CPO&%M<&QE($YA'!E;G-E17AA;7!L94YA'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^ M/'1T/E1H:7,@97AA;7!L92!I&%M<&QE(#QB6]U65A'!E;G-E&%M<&QE(&1O97,@;F]T(')E9FQE8W0@:6YS=7)A M;F-E(#QB&%M<&QE(&)Y+"!996%R+"!#87!T M:6]N(%M497AT73PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE0GE996%R0V%P=&EO;CPO=&0^#0H@("`@("`@(#QT9"!C M;&%S'0^06QT:&]U9V@@>6]U6]U'0^4%))3D-)4$%,($E.5D535$U%3E0@4U12051%1TE% M4SQS<&%N/CPO&-H86YG92UT6EN9R!F=6YD(&ES('1O('!R;W9I M9&4@:6YV97-T;W)S('=I=&@@:&EG:"`\8G(@+SYT;W1A;"!R971U6EN9R!F=6YD(&EN=F5S=',@:6X@82!D M:79E2!M87)K970@:6YS=')U;65N=',@*&1E8G0@65A"!O9B!E<75I='D@2!M87)K M970@:6YS=')U;65N=',N(%5N9&5R(&YO'!E8W1S("AB=70@:7,@;F]T(')E<75I"!F86QL:6YG('=I=&AI;B!T:&4@ M9F]L;&]W:6YG(')A;F=E2!M87)K970@:6YS=')U;65N=',N($%S(&]F($1E8V5M8F5R M(#QB6EN9R!F=6YD('=A2!T:&4@=6YD97)L>6EN9R`\8G(@+SYF M=6YD('9A6EN9R!F=6YD(&UA>3QB7,@82!R:7-K+6UA;F%G96UE;G0@;W9E2!R969E&-H86YG92UT2!O9B!T:&4@9G5N9"!A7,@82!S=6(M861V:7-E6EN9R!F=6YD)W,@97%U:71Y(&5X<&]S M=7)E+B!4:&5S92!I;G-T7-I2`\8G(@+SYL979E;',@ M;V8@2!P2!E>&-H86YG97,@87,@/&)R("\^=&AE(&-O=6YT97)P M87)T:65S(&EN(&AE9&=I;F<@=')A;G-A8W1I;VYS+B!4:&4@=&%R9V5T('9O M;&%T:6QI='D@;&5V96P@=VEL;"!B92`\8G(@+SYS970@9G)O;2!T:6UE('1O M('1I;64@8GD@=&AE(&EN=F5S=&UE;G0@861V:7-E2!R:7-K(#QB2!I;F1E>"!F=71U"!I2!I;F1E M>"!D96-L:6YE2!I;F1E>"!R:7-E2P@=&AE(&5X8VAA;F=E+71R861E M9"!E<75I='D@:6YD97@@9G5T=7)E'!O6EN9R!F=6YD+"`\8G(@+SYO2X@2&]W979E2!E;&EM:6YA=&4@=&AE(&9U;F0G6EN9R!F=6YD+"!T:&4@9G5N9"!O=VYS(&$@9&EV97)S:69I960@;6EX M(&]F(&5Q=6ET>2!A;F0@9FEX960M:6YC;VUE/&)R("\^'0^4%))3D-)4$%, M(%))4TM3/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S6EN9R!F=6YD(')I6EN9R!F=6YD M+CQB6EN M9R!S96-U2!N;W0@<')O=FED92!A;B!E9F9E8W1I=F4@:&5D9V4@ M;V8@=&AE('5N9&5R;'EI;F<@/&)R("\^&5S M(&)E8V%U2!N;W0@969F96-T:79E;'D@<')O=&5C="!T:&4@9G5N9"!F6EN M9R!F=6YD(#QB2!B87-I6EN9R!E<75I='D@:6YD97@@2P@=&AE(&-O;6UO;CQB2!T:&4@=6YD M97)L>6EN9R!F=6YD(&UA>2!D96-L:6YE(&1U93QB7!E2!B93QB2!R97-U;'0@:6X@=&AE('5N9&5R;'EI;F<@9G5N9"`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`@("`@ M("`\=&0@8VQA'0^66]U M2!T:&4@#0I& M961E2!O M=&AE'1";&]C M:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'1T/D)E8V%U'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^ M2D@?"!0'0^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E6EN9RD@9G5N9"!F965S(&%N9"!E>'!E;G-E'!E;G-E'!E;G-E M'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO M;BP@,2!996%R/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^2!O;FQY(&)E M(&UO9&EF:65D(&]R('1E7!E.B!T97AT+VAT;6P[(&-H87)S970](G5S+6%S8VEI(@T*#0H\>&UL M('AM;&YS.F\],T0B=7)N.G-C:&5M87,M;6EC'1087)T7S-E8V8X,CAC7S)E969?-#)C-U]B9#)F 17S(S.64Q-C-C-V$X,RTM#0H` ` end XML 13 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Protected Asset Allocation Fund (First Prospectus Summary) | Protected Asset Allocation Fund
Protected Asset Allocation Fund/SM/
INVESTMENT OBJECTIVE
The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold
an interest in Class P1 shares of the fund. It does not reflect insurance contract
fees and expenses. If insurance contract fees and expenses were reflected, expenses
shown would be higher.
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Annual Fund Operating Expenses
Protected Asset Allocation Fund
Class P1
Management fees 0.25%
Distribution fees none
Other expenses [1] 0.33%
Acquired (underlying) fund fees and expenses [1] 0.30%
Total annual fund operating expenses 0.88%
Fee waiver and/or expense reimbursement [2] 0.10%
Total annual fund operating expenses after fee waiver and/or expense reimbursement 0.78%
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board.The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.The waiver may only be modified or terminated with the approval of the fund's board.
EXAMPLE
This example is intended to help you compare the cost of investing in Class P1
shares of 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. The example does not reflect insurance
contract expenses. If insurance contract expenses were reflected, expenses
shown would be higher.
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
Protected Asset Allocation Fund Class P1
80 271
PORTFOLIO TURNOVER
The fund may pay transaction costs, such as commissions, when it buys and sells
securities and other instruments (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 annual fund operating expenses or in the example, affect
the fund's investment results.
PRINCIPAL INVESTMENT STRATEGIES
The fund pursues its investment objective by investing in shares of an underlying
fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking
to manage portfolio volatility and provide downside protection primarily through
the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with
high total returns (including income and capital gains) consistent with
preservation of capital over the long term. The underlying fund invests in a
diversified portfolio of common stocks and other equity securities, bonds and
other intermediate and long-term debt securities, and money market instruments
(debt securities maturing in one year or less). The underlying fund varies its
mix of equity securities, debt securities and money market instruments. Under
normal market conditions, the underlying fund's investment adviser expects (but is
not required) to maintain an investment mix falling within the following ranges:
40%-80% in equity securities, 20%-50% in debt securities and 0%-40% in money
market instruments. As of December 31, 2011, the underlying fund was approximately
75% invested in equity securities, 21% invested in debt securities and 4% invested
in money market instruments. The proportion of equities, debt and money market
securities held by the underlying fund varies with market conditions and the
investment adviser's assessment of their relative attractiveness as investment
opportunities.

Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets
in common stocks and other equity securities of issuers domiciled outside
the United States and up to 5% of its assets in debt securities of issuers
domiciled outside the United States. In addition, the underlying fund may
invest up to 25% of its debt assets in lower quality debt securities (rated
Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser).
Such securities are sometimes referred to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus as the
protection strategy. The protection strategy consists of using hedge instruments
-- primarily short positions in exchange-traded futures contracts -- to attempt
to stabilize the volatility of the fund around a target volatility level and
reduce the downside exposure of the fund during periods of significant and
sustained market declines. The fund employs a sub-adviser to select individual
futures contracts on equity indexes of U.S. markets and markets outside the United
States that the sub-adviser believes are correlated to the underlying fund's equity
exposure. These instruments are selected based on the sub-adviser's analysis of the
relation of various equity indexes to the underlying fund's portfolio. In addition,
the sub-adviser will monitor liquidity levels of relevant futures contracts and
transparency provided by exchanges as the counterparties in hedging transactions.
The target volatility level will be set from time to time by the investment adviser
and the sub-adviser and may be adjusted if deemed advisable in the judgment of the
investment adviser and the sub-adviser. The sub-adviser will also seek to hedge
the fund's currency risk related to its exposure to equity index futures
denominated in currencies other than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash equal to the difference
between the value of the index at the close of the last trading day of the
contract and the price at which the index contract originally was written.
A futures contract is considered a derivative because it derives its value
from the price of the underlying index. A short position in an index futures
contract gains in value when the underlying equity index declines and loses
value when the underlying equity index rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of extreme
market volatility, the exchange-traded equity index futures could significantly
reduce the fund's net economic exposure to equity securities. The fund's investment
in exchange-traded futures and their accompanying costs could limit the fund's gains
in rising markets relative to those of the underlying fund, or to those of unhedged
funds in general.

Futures contracts can be purchased or sold by the fund for less than their
specified contract value, allowing an efficient use of fund assets for the
protection strategy. However, the fund's investment in exchange-traded futures
and their resulting costs could limit the fund's gains in rising markets relative
to those of the underlying fund, or to those of unhedged funds in general. In
situations of extreme market volatility, the exchange-traded equity index futures
could potentially eliminate the fund's net economic exposure to equity securities.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
PRINCIPAL RISKS
THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an underlying
fund, the fund's risks are directly related to the risks of the underlying fund.
For this reason, it is important to understand the risks associated with investing
both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the underlying
securities or indexes because changes in the prices of futures contracts may not
track those of the securities or indexes they are intended to hedge. In addition,
the protection strategy may not effectively protect the fund from market declines
and will limit the fund's participation in market gains. The use of the protection
strategy could cause the fund to underperform as compared to the underlying fund
in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when
the underlying equity index increases in value. As the underlying equity index
increases in value, the holder of the short position in the corresponding
futures contract is required to pay the difference in value of the futures
contract resulting from the increase in the equity index on a daily basis.
Losses from a short position in an equity index futures contract could
potentially be very large if the value of the underlying equity index rises
dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve
larger price swings and greater potential for loss than other types of
investments.

Investing in income-oriented stocks -- Income provided by the underlying fund
may be reduced by changes in the dividend policies of, and the capital resources
available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may be
subject to greater price fluctuations than shorter maturity debt securities. In
addition, falling interest rates may cause an issuer to redeem, call or refinance
a security before its stated maturity, which may result in the underlying fund
having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments
or instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than
if the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund
fits into your overall investment program.
INVESTMENT RESULTS
Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date
of this prospectus.
XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Protected Asset Allocation Fund (Second Prospectus Summary) | Protected Asset Allocation Fund
Protected Asset Allocation Fund/SM/
INVESTMENT OBJECTIVE
The fund's investment objective is to provide you with high total return
(including income and capital gains) consistent with preservation of capital
over the long term while seeking to manage volatility and provide downside
protection.
FEES AND EXPENSES OF THE FUND
This table describes the fees and expenses that you may pay if you buy and hold
an interest in Class P2 shares of the fund. It does not reflect insurance contract
fees and expenses. If insurance contract fees and expenses were reflected, expenses
shown would be higher.
ANNUAL FUND OPERATING EXPENSES (EXPENSES THAT YOU PAY EACH YEAR AS A PERCENTAGE OF THE VALUE OF YOUR INVESTMENT)
Annual Fund Operating Expenses
Protected Asset Allocation Fund
Class P2
Management fees 0.25%
Distribution fees 0.25%
Other expenses [1] 0.33%
Acquired (underlying) fund fees and expenses [1] 0.30%
Total annual fund operating expenses 1.13%
Fee waiver and/or expense reimbursement [2] 0.10%
Total annual fund operating expenses after fee waiver and/or expense reimbursement 1.03%
[1] Based on estimated amounts for the current fiscal year.
[2] The investment adviser is currently waiving a portion of its management fee equal to 0.05% of the fund's net assets. In addition, the investment adviser is currently reimbursing a portion of the other expenses so that they will not exceed .28%. This waiver and reimbursement will be in effect through at least December 31, 2013, unless modified or terminated by the fund's board.The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.The waiver may only be modified or terminated with the approval of the fund's board.
EXAMPLE
This example is intended to help you compare the cost of investing in Class P2
shares of 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. The example does not reflect insurance
contract expenses. If insurance contract expenses were reflected, expenses
shown would be higher.
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
Protected Asset Allocation Fund Class P2
105 349
PORTFOLIO TURNOVER
The fund may pay transaction costs, such as commissions, when it buys and sells
securities and other investments (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 annual fund operating expenses or in the example, affect
the fund's investment results.
PRINCIPAL INVESTMENT STRATEGIES
The fund pursues its investment objective by investing in shares of an underlying
fund, the American Funds Insurance Series Asset Allocation Fund/SM/, while seeking
to manage portfolio volatility and provide downside protection primarily through
the use of exchange-traded futures contracts.

The investment objective of the underlying fund is to provide investors with high
total returns (including income and capital gains) consistent with preservation of
capital over the long term. The underlying fund invests in a diversified portfolio
of common stocks and other equity securities, bonds and other intermediate and
long-term debt securities, and money market instruments (debt securities maturing
in one year or less). The underlying fund varies its mix of equity securities, debt
securities and money market instruments. Under normal market conditions, the
underlying fund's investment adviser expects (but is not required) to maintain an
investment mix falling within the following ranges: 40%-80% in equity securities,
20%-50% in debt securities and 0%-40% in money market instruments. As of December
31, 2011, the underlying fund was approximately 75% invested in equity securities,
21% invested in debt securities and 4% invested in money market instruments. The
proportion of equities, debt and money market securities held by the underlying
fund varies with market conditions and the investment adviser's assessment of
their relative attractiveness as investment opportunities.

Although the underlying fund focuses on investments in medium to larger
capitalization companies, its investments are not limited to a particular
capitalization size. The underlying fund may invest up to 15% of its assets
in common stocks and other equity securities of issuers domiciled outside
the United States and up to 5% of its assets in debt securities of issuers
domiciled outside the United States. In addition, the underlying fund may
invest up to 25% of its debt assets in lower quality debt securities (rated
Ba1 or below and BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser).
Such securities are sometimes referred to as "junk bonds."

The fund employs a risk-management overlay referred to in this prospectus
as the protection strategy. The protection strategy consists of using hedge
instruments -- primarily short positions in of exchange-traded futures
contracts -- to attempt to stabilize the volatility of the fund around a target
volatility level and reduce the downside exposure of the fund during periods of
significant and sustained market declines. The fund employs a sub-adviser to
select individual futures contracts on equity indexes of U.S. markets and
markets outside the United States that the sub-adviser believes are correlated
to the underlying fund's equity exposure. These instruments are selected based
on the sub-adviser's analysis of the relation of various equity indexes to the
underlying fund's portfolio. In addition, the sub-adviser will monitor liquidity
levels of relevant futures contracts and transparency provided by exchanges as
the counterparties in hedging transactions. The target volatility level will be
set from time to time by the investment adviser and the sub-adviser and may be
adjusted if deemed advisable in the judgment of the investment adviser and the
sub-adviser. The sub-adviser will also seek to hedge the fund's currency risk
related to its exposure to equity index futures denominated in currencies other
than the U.S. dollar.

A futures contract on an index is an agreement pursuant to which two parties
agree to take or make delivery of an amount of cash equal to the difference
between the value of the index at the close of the last trading day of the
contract and the price at which the index contract originally was written.
A futures contract is considered a derivative because it derives its value
from the price of the underlying index. A short position in an index futures
contract gains in value when the underlying equity index declines and loses
value when the underlying equity index rises.

The sub-adviser will regularly adjust the level of exchange-traded futures
contracts to seek to manage the overall net risk level of the fund. Even in
periods of low volatility in the equity markets, the sub-adviser will continue
to use the hedging techniques to seek to preserve gains after favorable market
conditions and reduce losses in adverse market conditions. In situations of
extreme market volatility, the exchange-traded equity index futures could
significantly reduce the fund's net economic exposure to equity securities. The
fund's investment in exchange-traded futures and their accompanying costs could
limit the fund's gains in rising markets relative to those of the underlying fund,
or to those of unhedged funds in general.

Futures contracts can be purchased or sold by the fund for less than their
specified contract value, allowing an efficient use of fund assets for the
protection strategy. However, the fund's investment in exchange-traded futures
and their resulting costs could limit the fund's gains in rising markets relative
to those of the underlying fund, or to those of unhedged funds in general. In
situations of extreme market volatility, the exchange-traded equity index futures
could potentially eliminate the fund's net economic exposure to equity securities.

The fund is non-diversified, which allows it to invest a greater percentage of
its assets in any one issuer than would otherwise be the case. However, through
the underlying fund, the fund owns a diversified mix of equity and fixed-income
securities.
PRINCIPAL RISKS
THIS SECTION DESCRIBES THE PRINCIPAL RISKS ASSOCIATED WITH THE FUND'S PRINCIPAL
INVESTMENT STRATEGIES. YOU MAY LOSE MONEY BY INVESTING IN THE FUND. THE
LIKELIHOOD OF LOSS MAY BE GREATER IF YOU INVEST FOR A SHORTER PERIOD OF TIME.
INVESTORS IN THE FUND SHOULD HAVE A LONG-TERM PERSPECTIVE AND BE ABLE TO
TOLERATE POTENTIALLY SHARP DECLINES IN VALUE. INVESTORS IN THE FUND SHOULD ALSO
UNDERSTAND THAT THE FUND'S OBJECTIVE OF PROTECTING AGAINST DOWNSIDE LOSSES MAY
RESULT IN THE FUND NOT REALIZING THE FULL GAINS OF THE UNDERLYING FUND.

Fund structure -- The fund invests in an underlying fund and incurs expenses
related to the underlying fund. In addition, investors in the fund will incur
fees to pay for certain expenses related to the operations of the fund. An
investor holding the underlying fund directly would incur lower overall
expenses but would not receive the benefit of the protection strategy.

Underlying fund risks -- Because the fund's investments consist of an underlying
fund, the fund's risks are directly related to the risks of the underlying fund.
For this reason, it is important to understand the risks associated with
investing both in the fund and the underlying fund.

Futures -- A futures contract is considered a derivative because it derives its
value from the price of the underlying security or financial index. The prices
of futures contracts can be volatile, and futures contracts may be illiquid. In
addition, there may be imperfect or even negative correlation between the price
of a futures contract and the price of the underlying securities.

Hedging -- Futures contracts may not provide an effective hedge of the underlying
securities or indexes because changes in the prices of futures contracts may not
track those of the securities or indexes they are intended to hedge. In addition,
the protection strategy may not effectively protect the fund from market declines
and will limit the fund's participation in market gains. The use of the protection
strategy could cause the fund to underperform as compared to the underlying fund
in certain rising market conditions.

Short positions -- Losses from short positions in futures contracts occur when the
underlying equity index increases in value. As the underlying equity index increases
in value, the holder of the short position in the corresponding futures contract is
required to pay the difference in value of the futures contract resulting from the
increase in the equity index on a daily basis. Losses from a short position in an
equity index futures contract could potentially be very large if the value of the
underlying equity index rises dramatically in a short period of time.

Market conditions -- The prices of, and the income generated by, the common
stocks, bonds and other securities held by the underlying fund may decline due
to market conditions and other factors, including those directly involving the
issuers of securities held by the underlying fund.

Investing in growth-oriented stocks -- Growth-oriented stocks may involve larger
price swings and greater potential for loss than other types of investments.

Investing in income-oriented stocks -- Income provided by the underlying fund may
be reduced by changes in the dividend policies of, and the capital resources
available at, the companies in which the underlying fund invests.

Investing in bonds -- Rising interest rates will generally cause the prices of
bonds and other debt securities to fall. Longer maturity debt securities may be
subject to greater price fluctuations than shorter maturity debt securities. In
addition, falling interest rates may cause an issuer to redeem, call or refinance
a security before its stated maturity, which may result in the underlying fund
having to reinvest the proceeds in lower yielding securities.

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default.

Investing in lower rated bonds -- Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks
may be increased with respect to investments in junk bonds. The value of the
underlying fund may be similarly affected.

Thinly traded securities -- There may be little trading in the secondary market
for particular bonds or other securities, which may make them more difficult to
value, acquire or sell.

Investing outside the United States -- Securities of issuers domiciled outside
the United States, or with significant operations outside the United States,
may lose value because of political, social, economic or market developments
or instability in the countries or regions in which the issuer operates. These
securities may also lose value due to changes in foreign currency exchange
rates against the U.S. dollar and/or currencies of other countries. Securities
markets in certain countries may be more volatile and/or less liquid than those
in the United States. Investments outside the United States may also be subject
to different settlement and accounting practices and different regulatory,
legal and reporting standards, and may be more difficult to value, than those
in the United States.

Asset allocation -- The underlying fund's percentage allocations to equity
securities, debt securities and money market instruments could cause the fund
to underperform relative to relevant benchmarks and other funds with similar
investment objectives.

Non-diversification -- As a non-diversified fund, the fund has the ability to
invest a larger percentage of its assets in the securities of a smaller number
of issuers than a diversified fund. Therefore, poor performance by a single
large holding could adversely impact the fund's investment results more than if
the fund were invested in a larger number of issuers.

Management -- The investment adviser to the fund and to the underlying fund
actively manages the underlying fund's investments. Consequently, the
underlying fund is subject to the risk that the methods and analyses employed
by the investment adviser in this process may not produce the desired results.
In addition, the fund is subject to the risk that the methods employed by the
sub-adviser in implementing the protection strategy may not produce the desired
results. Either, or both, of these activities could cause the underlying fund
to lose value or its investment results to lag relevant benchmarks or other
funds with similar objectives.

Your investment in the fund is not a bank deposit and is not insured or
guaranteed by the Federal Deposit Insurance Corporation or any other
governmental agency, entity or person. You should consider how this fund
fits into your overall investment program.
INVESTMENT RESULTS
Because the fund will begin investment operations on September 28, 2012,
information regarding investment results is not available as of the date
of this prospectus.
ZIP 15 0000051931-12-000694-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0000051931-12-000694-xbrl.zip M4$L#!!0````(`(**14%G`L``00E#@``!#D!``#47%MSXS:6 M?D]5_@-6M4FE=RU9DF^R,]U3LDVWM9$EER1WTO/BHDA(0DR1&EYL*P_SV_>< M`X`$2,KV9%-=WJG*M"V!P,&Y?N="_^WOS^N`/?(X$5'XL=%IM1N,AU[DBW#Y ML9$E33?QA&BP)'5#WPVBD']L;'G2^/NG[[_[VW\TF\RY_-R?L'$8B)"S0?.& MI[%X9K]Y/."QF\)'(3[J<789>=F:A^D>F[L)]UD4LM_.)T/6;7486Z7IYFQ_ M_^GIJ<7]I1LW(]JPY47K?=9LZL.^2#K/&#MN=7KP8/'5),I"_XQUC8\N8NZF ML)SY0`A\U>YTFYUVL]V==0[.C@[/NB?_,%='FVTLEJN4_>1]@,7MHR8\T;$N MN`?7\5JL'P1L@DL3-N$)CQ^YWU([/<_C@`%+P^1CP[@4?MR*XN4^['NP+Q1/ M&G+E&7X;O+`>CGY`IN7K\0-K_=,!K>ZBFW'^_)+:VE:N_1(+DT;H$F,D2X%9PEQ?,(7 MC`1[AK1^;"1BO0F0_?29&WMQ%/"WJ1`]L8KYXF/#%%M3"Z;UG/A_0M/>KL3[ M\GH@WS/M%&9P*>9%8PLMV[G\XN[SOWBM:3 M>W!7PO_8$/Y]]_BT>]R]/^B?'Q[WVD[3Z76=YN'Q^5'S].+RH-D^.;FX.NBT MG?ZA`QL<-#X=]H[.;\?3O^V7":F2=PN*$?E.Z%^B2_N6=!XU/DEM.VUV#FU2 M+:(*FITP%>GV`A;$;C`(??[\"]_^-30?=]K];N_TLMGK]:^:AY?.:;-_.3?G,\=@\\G-I\MHLI\ MGO"E2.!283H"5_=-V=QN?.K?.)/!17_$KNY&EU,V&$WO)OW1A<.F\+DS-7EO M$UI$]##$]RP6J>`)KG!9LG8#P+`,8,$< M_H'/1))D0`*L=D-84":H!=O.5AP":Q0#4MQ$$1T+OZT)`,^WN"O@ZH!+JM@J M"A!G`]NSP&>NC_OQ8,L@MKM>FM_O1W<3)3\G2#7="G6/Q3S)`J!^#8=)BL2B MX,@3D*%X`-2)L&!$Y3HMTI1=*E'H=12GBR@0T2R+PPA6S4!1SH/(>WAW6@.^ M_,<@_3E-?URF/\\T2];NEFW@/_2!";`7$P,O2M)DCR69MP)M@%_7:^`*?`,? M/JTX\#1E\VP+J@(;@&B"!#>>QVP?MS8T!K^/@/LQ*T24L)]``QHI\`M4"C@& M5X(/-YJ1'R"18"M((WAL[II_SU+%:4:)%-(O0$`>_B(?J]Z%",&54CW@`7-K M_93[#"33_8@SR*'6!1>X<--7U0#O#M,6`D0G7''M:"6]E;HT/ MAQ&JY2(`AZ.4#J"Z&\A#H@WF@ZCM_'G#PP3-+-:VQY]=A+-[S*58:VY<-H*J M";1P^;Z4MO1Z.U4UUV9'TN#(("=G>.]WJ]T'7:G=8*F0E&\1 M]/LBV03N%E,CWD`N_(N]F(%AJK!O<^!^BK\&[EUZUS3C7*'>D+@9_&@+:)HT?A<[:-,O8$'"$7 M`%^D8&`Q1U=A6LU/(O2"C((+_!0!,D7'X+D;@>N7+N3O'Y`S"6!"/(UVW,14 MS)`U$P@0:KFY+[DC-,D@@JU3'J_1%008/?D#G@:40K3#,/L8!;`3Q6,\6]/O M1T]PJL\MEQ='*2Y/Y2T`%HA/?*1 MD>",-R1O,A8*\](!4_0F59$"9F1M[+9K12?IU2,3%:"4=VXBX]^9H!`D,RX8`XCU(2%W$,*7BU*,DWM]Z`6 M&FZR&*!P0O"LU@7/M[:I%+8%N!MVX'&PQ:],)AYH"\#XBLMEA9]5<5A`LI&NXBB#4%(& M75E"J1)_]B"Y6/(F"-FG3`?L@R>YZDGXI1^T=D'^UK)3^22#<20&.]#))R/( MMXIP9S.@"'T`M?^*@&>9GGJT&O&D)5>()W(3"9[-U+`0C^4P%I1MP+EP1^_! MS"#X/S.48)%=[+%YA(IC)AE("/<%Y@)E!XJ$-BDT^WR>6OM0=@`H<0NZ$S]P MU+#'W+T+*X_DRK*DD%/P[:'\=C?/^N2S+KE'&-_:_:"SAQVRSEZM:3YA M>-R`:3Z#VTBQ1G%R](-58'B-^(Z]O.X&A_:2W=>8E40+=*&5*2LF2@KEJFB1 M<2JEN_-M^O$^0B\C+*O4.K4H'L!G>2K5&]9:6H MQAF*/UQ5:@`\&A*+[9`IBPAH+X%8BU3"6)$V%E\&^+VR:B#]XO2.1E0_" ME]D&=^R`[B%Z+6IX)0_U9M=JEO7\:"T\"+>P.$LI7I9#XEU(=\+*F%)924^% MG!H%+PXR=ZV>63D'(!\X&E\J6[UU`H.J;DC1UBV(D^:04PB."%CR3T#[R),R MO3_%A,[-?<_=#KK\.8`FJ)'4`24S$,J23E5F^XJOA^"R4I(*WMEC+,0:*4"KAG&O7\.@& MN(&^]YN.@0AG;CW%>J'IO$#I$\`-+\`5,$5-HK]J>P`B%JDU=?2BD/7<[`?8G"ZM+2:K[0 M((DT-L-R-7A)?\EM!2M00[-I8$E(+.(4$$^B/*,(7X"0=8D.[8=\2U.L]^"/ M24IE_3^D:1@0U\QLW3BB?UB*OLO2`^.)@#_R@#07V)=YU&J>1C8%4 M3@@X4O@R'2^A;G3@RIL);*=*#W/7FK;4V>2?S$WUQSL=39'EFI2!<0M@FU1R M+XHI5'%K9Q!2C5?2UJ2HU-S5A613A\A^N*H;TW20!97#,E%Y6`5?LP5EU1*3 M852B``S949:4F21I?0,NS&%[C?\U^?,D@@#QA4@1#0LXS.*-0PRN:/;$:6M7?_W3,*\!<-"#_?E M+M1Q4%#Y]\Q?:L3TRHD6U<7I\LH585%A"%-J66,#WU:)`.#9I1#0!UO;*_4G MWYLFA<^`WTU-RP7L\Q!"O(QH"$SDQ@0(")'8PG3EU+XB2 M_)O`!12#,0-UV7>UQZ\MD&E5@%CD(8S6=\P/*)@4"S`.`BF8U3Q!#$]YV'J- MM]3)H$"!H1=2?(@(CQ*TS[GG8K5$I/)3E?3*6UJY!%E33F6U#$*D8EO0#J2R MEV9K5BT7J,Z!J^79U.(K'6%IJ8Y/Q#YDO;7M&S@-*;2LDYZ8'VH9/:[B5I_;D'0WO5L(==KD$6R;&^BRD."7G3.B4 M)0]1P7>;W54%86`%&N(P!`)@`TU@QY"U!%:F10GH+B[E4X_2:A6A$M MEZ^<&"@+]T\*M`*!7Q+NFP6*-FG;BVF??X5-VKX#&;")L"8N*"9RY`;BE?^+ M4;Z>YE)9U1KJ4D,E4I$P@EIC7$N/0R=)J<3^[H8QX=E/Y_K-':ZH]%4FD+MU ME>%`YB@2+/AAGTA.&+[ESL6T83$W.0[Y5]AD'`\Q++TSIAQT@"D*_AMC%I1, M`\:SJ_K+BB%L(NOU3FJ]VIGC4^#T1=G.KMQ1C,V/O\?YV(V^.+8 MLT)ET-MH'=VH^YQX]/7\1V[Z7]EP_'483?CD?.5G7]E\J*#T6?X MB=OCG6U33"W>C M6D_OZEH=G%#7_3::*0)(C+40B2]5Z4O-W2*TQIZ+\09D2K50FDS:2-]`F\BG M]8#.64U$L;B2<^XK%J670$V=Z-YQ)U7C],H77TN-7 M.KZ\4W4!D-`?C>[``M"4V?C6F?3)P)W?;IW1U)FRG_*?9M?]&4/'<`N.P>E? M7+.O3G_"^E/69_#=`:ZZ'P>.-,6^W?B M$?YD;CD<_.(,!]?C\26J(^PPI:W.'?9YXL`)H)VDI6H[=C4&I6;3:Y`J?`>: M/9!/S@8W3JM*ZW@R-8_'!^^&E^RZ_\6!;8;CT>'4VAJ^ M`A)F>#:9.7;!R]Y.X/P+XFW_7#K'0(2::VTM/:1$R M&J,#[0\'_\!]Y,?#(:/]M)\@JH9?<0%)[X7Z$38TTSCSL&J`;=DB=S=&W<+* M,()+*R`-2/+ATQT-E)J\NM1L*V8`S8%BPM=TA%7WX[*.BN_X8#+B\9AFM(R! M7.MD$X^;5>&^51#6%.3O:M7-7_@B!N")#06*V$2:&J]0=6B[KJH(PO$R^82< M,/,XU0E76)H(^4+DK:^Z^MA.P=V5B,/J-[75RWE*M9Z6Z.;_6R=;S6WD.=C* MS=E1XKA<45\AL_LO5Y1,"I29FY`B4`-&K+$KJYI8M`']60IC!K7]%KZC:=7FU5:0J1UM$E0L1`C02;J`;2#/] MH+4S%6)W5(55)9'+&='J,H5DP?*HQ8UV:C=TC?YXS//E:WP!DE/7C7%LMX20 MU1(C]"@!*K79&R2R2U2[51;;_;Z=['FQ&'FM^C`@Q&JU'&^`9JG'D6596PTP MRZYQ]=0=@ZSTHIN?!]]LR2CM%TN` M_)*K+1<\ZT:#-"4Y(X*M7F=T$%!S2_,O=O-?N_#ZNKL<%A0;5W<^U5Y4CU<# M@L6M#3(MYA?33.A?2P4:[3W4V[GJU4\4/'*J0KX.K M%[BM^[U%MM2`9W[L8NW0HXWI+01%+K6T:3^QYKL5\Z8RUZPP7^Z;]HQ)9WK% M0O:LY+#FGI(U#M[:EH@SN-57&%Z?PLYG?Y4787ZEHUX_BRT/6`#+`3DBB-1O MADA_F<,3``11\*A`G:4D:B(8>/8V,G=S=6"^-K2,HZ=TU8QB[(UR7\\G`Y\_ MUW^C)I^!2J[?W[?[IAC\$FR[RIOG73*M8[*?&^E^KN0,_@6AI'C]3P[5O^T& M4O!U-QA(E3"GUG;)TQX+4C,`]$0I*M+X([[IMX&\7@Y-&4JHW]`!&XNRV"M' MF:(TGN:Z*:?6R0>/QG1)T2R'J@GQ!IV9X6\*OTEC<[Q2FHT))2'L6`69X*A$B M)2&W\<+NE19U`2+T&R\E+B`Y\NHXQ:1:LI%ZR7./>?2:)W;G)9`MS0H64'=. M?UJ#AJN2E/R.IE$WCZT_??!J(%^YC^J=Y9BK3K/"%![GOC$DOQ5<9G]O@97G MKTB1IET+<4`\`O91_J)O(9+*A`28L-!_W42/Z:HG`>OP<`D9C4S:%'])\YZX M^\`Q2OG[45Q\68'7)HE;^>@"S$?.5#W(5W<#^O,9,DV$AT![0D1I@42;4MXU M4Q>E;9?8TX=M?;YP04IOM#(I!15JM,4-*Q\6/#IA"=]'QK\5>(@$S\ M"QG503^,Y<6K5$KGX;,RH#*=H33?%5]+J>:\+;UQH(>X/`+?-!G&@Q>FRPKK MW/TZ`5QX^K87K]<^MMVX;B^'N`?`?!P["7 MV);DN)&#U$":"U!L:(&EQ;"G0K85UZAC%;*RIM]^/+Q()"7*$FD[LLL^I(DO M%`]U1!Z2?Y[?F>PR6%Q,[CV;AT-/AH(+'#>?.7CQ"/V?^2*6/].I+)KNQM^) M2TE2/9P-M,#R9,L,CA-3R=3F6Y.1LJ>)WZ(W6PS*0>=U_%)B8*.6Y^G#<#]7KL MA6RQB5T-"P[)PA+K=^*U=.*H>'LA#LF?3JNOP[ZUSC5^Z=9^5#@>J<>=F2C*R4 MYE=G>`5M=H!F@KSS*Q0N3/FPF)+V%;C++J[_BJD(*IKN`R]/S%M/+Q]=L1ZJ MU'1-$]-)L=S&''6?ZF6H$WQ9)UG=AE1U/#6;;@20X9%);.%#LJ/><&/4'HZ8D@]#G;%'"@R)^;&K!]C3SD?XI0 MAT`C77+Z#=6$'"D4#\VICVEQ1T:GT.]R"]WYF"0`C:!SO+`&-]?\I3) M'52%5Z3"B`RA0%KJ^OA4_;RT^V(!G+S#)G9DM;JL?Z6D1OP6%U,,.I,0Q<*S M"*]BDHD->0=G%<*G`O@BY\\AY(R-\A6=>S1KAWC]EA:1I[.YB1,TU-$3F`G1 M8,N6S6%#=`6U@^%Q#E$*"K=P:CF']$;K>-5SD"6P#H'O`]U)0QW0#^*YA7G\ M(VEUU,A8/<7._G`M@?QCGH1/!9%UN29$5J*U5`PSZ(SO[^X>L+PADPW1?7[8 MW.=E8[(8AJG+6VJ:[_-RP5*5BB"2E\WC!&/ME_P,7%[RLRTYL1ARY,IB(UVQ M%&W(&F/Y\:J\#?)3UOX;=5[(W)?B1D(CSC193&A0@(4HT+%F0H\L2Q[+0;O` M.>T@M2S^((16TA9IOO;$I?=SBCG]T"0HK6*IFP_OUR% M8USC_+&@1"H(&%N>I'6PG22M!;-OPS1L5Z[6VO=(RCZ>OB?Q!@TCT/P92#&+ M]+F-NET_Z(RW%%PYQ8CJ]*1Y3.74"Z2XW-Z5#:[0WH/&W/5VF)BE?V#8[!_ MU!D/SD9_?=1]$\(BP8?D[^CQ=/D&4WRPNR;+$OEOC._):OAFT MGV/4#%YGW'5[Z)%V<5-LMK;\R-YQM`9Z)J`M!H/B^;R2!LC755"K'4D+O"$M MX)..065A@X<#,!L?'S_AQ&/A[D:R8NMH/Q$$&C*`R@R\F@]%PC5[B)+_%M/(\R?>\3C-A>`T=2W.FNA#E!Y7-^(-<(-X+NE'2NV3Q]=C M,=TEIGL#?F0ML_N:[*S.(%`&QT"N?[] MN^[0'PZ[Y\'-J'O]YOJ\>^'>>G[@OD-OW^R21W1ZHK'MLX%'='K2:+>G'H_H M]*3A)@^WAJ7_>$Y'(LT2B'?5.EDAT M!$0B`P?8(9'($[<%+)'($HF.D$ADTOE:(M&!$HGD,-8Q!Q*)(U#IT*?%(Q(D M^:5H(DTR0"(+)+)`(@LD>D4@$0.>E"PA&`")Q'P4BO#+!$BD"-JE^:`!D*B* M62-=11M(I&+6%$\J6B"1!1)9()$%$NT'2&2PW79@0"*33?W#`!*96'BT0"(3 M,98%$NW9"]L))#*1)!P.D,C$RA8#B4SF8'-S=Z]"(2K?"2\!$S6!$0DR[F4M4@T4D;'DUPA)5;KT+$A-+)3IF M*A%?*,ML8`8E*M=4B=ZO-,483R3*#/"38/%$>91Z*'BB\DC0THGFEDXDBT$M MGG$PG-42N)G<4363R1Q1-9/-'QX8E, MI*@MQQ.9:&(.#D]D"*#&_7*>"+/XHGVB2:+WBB=ZU<2MAX,G M,AF.=H8G(BF_MX\G.CUI/:!H*.7-'VD`>NK>0@(H"MP6\8GV;/ZH,_8OO-;R MB:I:8R-$H4$S'`:?:$^MT6(^T9Y:X$#Y1"6MH_U$'!&?J(G3^/I-1OE$;:<3 M[:M+)70B]R)H#YUH7Z83.I$;!.VE$^VI*;3I1-1F?.'=V8ROA:Y&`F3Z%_H; MY&4I[(\DSGKZ%?5R;SO)LERMKA$,V,0K:5DCN;,%NA=X,R@J6"TN+R-IW@_['V^,L->@IE89SS] MEE_P\N'Y"69B^<2OZY%BK_JE5ZM9"6FN*%]4FF;J7PM6@A133NF:-^A7S[L8 MN6\V7+//FIO>V+YP9Z^(P(2[.6F8I#!JP5B'W&K4]2Y0&=FKV0>CU:SP,?8: MNQ17^%6?^N\.G=DZ[RZ=]]=QI"*G[N@U=]]B(I#+XOE83G!W(1\*+ZN^!/ MR\O'.$Y7<1K]M5A]4!0JC%5S<=+I[Z#"P1;J&^RO MNJ,M5'=D6MU&Z'I5?74*V7V%U>Z@4<;NJZMV!XTR*JO+>A_Q>NS5+\'0&P;G MP:#3H&=B7Q:OSTZ>H5>?4"N%JSGJL5;=SP\&>?-$$W0,.]^I80I!Y8)E3<=) M,<(%/ED5.ARJ9X$/MF?:S,4\(GW%S@$YO3\X'=0S:+2?^`U<2KJYI;%L]SY"Y8P MP&&`-52JLXP@J;G,7AJ<.<\K+'Q_BF=$H`MN05?410@*:HQ)'":S'K0],Q>D M)(0:@2Z"(2_(C9((VPF";3QPGI'2?PIE$W6F8`&V'G[`46&X"K45+A*OEE2H M7EK/##")D5'_A4OI-I*:U_/KZX3U,W#NVGA`CBN>C3"9;G@\Z"?Z<*"XFS\F M<3*+DK<=K^>*CPSZN*H?VH990955@T.U:G1`5FD%`>UW09U8X9ANUJN[H-PU MPIP)O4%>1K_\#U!+`P04````"`""BD5!4AR]VP(#```<#@``'0`<`&-K,#`P M,#&UL550)``,$3V]0!$]O4'5X"P`!!"4. M```$.0$``-U7;6_:,!#^/JG_P4N_;%+S"JPE@E:L+Q,2#"FT6[4OE7$.L)K8 MF1U*^/>S0]*2K;!(&]-:/A3B/'?W/'?GL]LYR^((/8"0E+.NX5J.@8`1'E(V MZQHW8[,W/N_WC;/3@S>=MZ:)+B\^]0(T8A%E@/KF$%)!,W1+(`*!4T#7..., MQRMTCB.RB'"JW*(!9?<3+.$(Z;\A4DNW'X,!\BP7H7F:)KYM+Y=+"\(9%B;/ MG5N$QS8RS3+PES5%'WVPW!-E]_0FX`L6^LC;6#H7L(X<*D[JE>-ZINN8CG?M M-OQ6T_>.OVVB>;(2=#9/T3OR7H&=EJDLW(K6(]1GQ$*]*$*!ADH4@`3Q`*%5 M>(H*D4@EE,FNL:$KFXC(XF)F*]\-NP0:!V_0&NQGDE8,EHT2[MJWP\&8S"'& M)F4RQ8Q4#+6SYTS==KMMYV_7:$E]F7L9<)*GI@9!M!6AG\P29NHE4V6XX5J9 M#(U3';`C>`0!3%'.P4]7"70-2>,D`J-8FPN8=@UR[ZC/L==N>2$UG"/$$A&L@'>HFZ%<4X1@$)9A-56_( MO),/MA"VSJ?ZSO-J.FY1H4,A[GKD^X(*"*\4N2L`V6-AR6>DID%/2DAE M&2/"$XBZ1FTS>[_<+ZA44V>RT&51!,9J&U("KC=Q-:5=]&M;[EE!G53_^[RJ M''S%5(4;B0!H/%D("3&P=!?+&C9[9CW$#,_RF+^K_E;DGAE^AK1.P9^'[9G; M*)V#J,-N&_"1W\:L[(DJ52Q(Z5#]_&505L^6`F'+11SGWDR:0ES:3P6/MVV/ M,B;?76W$10A"W74[C0VGQ%6FN>VX7RULM1OG-(%N)W*'U!F[F.TCI'\9_NY([] MT_56_Q?S>/E7#S\`4$L#!!0````(`(**14&:PX``"5B`0`=`!P`8VLP M,#`P-S(Y-3(X+3(P,3(P.3$T7V1E9BYX;6Q55`D``P1/;U`$3V]0=7@+``$$ M)0X```0Y`0``[5UM<]NX$?Y^,_^&R=V6D_M."/[FFN_ M9"@1MME0I`^D'/G?%Z3(2"()$)1$"BOM?;@D(D`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`[OX^NU\0QIX3:$]-]9,/(CX9=6*HM]<+VKN"/;/_;B`0SZGZ] M#\MT3XU>YY9,QX3JI6`+7[0SN'-9M#)\+DE@VD[8=%GX MZ9>E!LQ*U3K&M;&K<6W4/:[+(9=]9UWCNASZPI=5,%26`W%G@T;XRE@$DTY* MSL[T6I>LHN$B=Q()93I.0XM?G)F*82W;#=J6/6W'9=IAA0KQL$^Q[F1+5],B MC^;,"L<;L4'KXF7'WR]0/[JZX/ MAIW^;3R\UE"(RU:+:%`"T6`C1)OT63)BDD,@4_HDI^MRB]6'[C)6:5Q(G/UW,;5^`E%>C/LR?F6[SF.*R"MITO5Q] M^![8:P6PHL?5HUDH]@_L@]1TKMEJ,?\7>$_]<3.G7S]3S7YC"FOGWSR8E'QS3 M]W.0B4K6AO#!'#OIOLPI4#&>Y:GI8AR.G4F0A913II*]1OJP)MIK9,I6W$[+ M49*K&O)*5--&L^G4I&]+\9NZ1&-Q*]6$T=@$HY'&N#QY7-!UM.S8DKP[/L&4 M/8S%M1^I-\W=FB6?\Z2;5O.H1>AYPVBQ8UFGH;VP59\R/:A$9&PNZ^),Q8#7A"%FPH0ZGSVB264.]T6ATU>S%OOY+MPXQF_=%UNK)= MQ]E=)%VU+K@*'2642&)W$DJ6N]0H(%RN18DKW]K>)CVWN%/Q,,3,#-MDJL$5 M2SAV8_&Z>Q0O,KRGQ.%O;#,2Q?)FAM_"JGHV<3R?6.>-@,[(\D?/#<@\N')( M.'[/&SYY"O^BV`)1V`Y9^X`"HW57`J4,,@H,U&TERS<'Q(+UP`N6L0K%DIT` MEBSE58@EZ@.6*-_F'@LV/`#!4L;QY;J@JF@\XT3F')#U+_TX!_0.1+)!1K(3 M.M=<]FY5Y.X6LK6JM6!>N.S.=CPQ/AJ@2;8(>F$SOV:>^9(DZQ^P-A.1MJ]<_(QR)ZW2I]V__ M(6R8F2_!RNEJ.01%A6O%R9TD^<5JQ?;)I*%J>14IHL(:M2+^8@?/(V*1:=23 M14JT1-UZI"@:#/6.@A+=7TF_@_-WWHW_M]BI/+(.LDTTA;LD[*(PK"FY]/;]Q> M2Q>H"8_,_!.4!<75@<$248@'@RP19(DHTU'($D&6"+)$P+-$CH=(5Y\^(CM, MTP[$1#*HQ#,I]V,B).")*/13)_(-#D4^L4P^N!YJQ+1`._*9*B!R3$(\"&O@!V0 M2%CBI%<;]U4V[E_%--C)GS.;$BOQPK7M"7^T)T8VQ'C:2J$&E:R(Y%\FYFU$*A>-OZ]E;&A4; MUU],IJ[I'1T1>SJ>43\R#HM02M0Y0NKCK>F:3U$[%&D9;LF*$7XB@4/XC1DSH_ZD!S4YZM$38$+ZYG5.N5G0A0;"C%V&+2]6/K"N% MK'N,7C'T2:!/0@5$I?4I^DF@^DF2U(('Z"BIUAG$YH@24AZF.RC/>2+>@QV3 MYT2J)?(WA0I82:J1K:N&B:18LT+S8^[4,ZN*UA1W$W`C!-U;PQHIZ'@L,)X_AY-'S@L'K]S7* M\#9<+:C#O%%WCP^$3FW7S-??F[SD"/V9>,MO&VR8'N(PTT.L,=\_D>_AH?2] MZ1/KSKWR`]9:`2FZ)LFK=>QW.B$EWEA^_,Z-=EYW](;X>5P/7LFJ$6)JD!US M9A89*3/(UI\CQP@3E7!QW'@^N?7<,+MN'I+EXQJPJ)TTY9/G6N$.W;25K01AAD6F#S)]5*$H8T*:DJVPL(BH M'R5BFQP[BJ[C,E)QD^SL-P)$U5EV='49A)NFV=$!A]TOSK,#.;]'8:(=R,'. M"V-W=0%GNR@?M0OP)"R*U]4#O'B7B]35`[R@B\0"K&9*!.?J`5[;Q5&Y>H!5 MZ4:LK$1NP%JU,!M4#_#.1B(;5`]P:B$Y'D^2YA*PH.($@GW`ZX9T`L$^8-TJ MDT"P#UB'"B^Z]P'K3^$M]SY@A<++HS=0-^CO+O+H#=2-\;M1'KU3P`>A@CQZ MIX`7M11/+)$(L(;G\[D2X0!K>2DJ6"(G8`59(KWC$/#LDTOO.`1LA>`SUQ/A MU%4U8`,P"((4+SLL0[DQJ@['X+HSTPD/OADO1CIU]^([*R$9I*L>0U@&#"&` M(00PA`"&$"!?[.!Y1"PRC7JR2(F6J(N7^NN_U`_NPC9>.3[,*\>@+L;BM5.\ MZ'GT%SW5OER)5P#Q"B!>`=S_%4!CDRN`1GJLP;@":&0,<0JD3\`+@'@!$"\` MJGJ%#"\`X@5`O`"HH`M1<%M.S35OJ\MR@+W9Q7?E`#NR.5?EU/5>[^"F'&"B M3.%%.<#TNA*.]`.X+"TFE.L'P[4^T!NK,H1R'3`]N8Q'-A$7,#&O\`Z2`7A" M2MQ!,@`O^#PFO0%8O4@PZ0W`VB6/26\`5A\%3'H#\*ZL!&49\FQ$_:08+6[-D*J$%*%]G_Z1*J02E2A/,)"X<)] M3+P%V<8HC&JIKC%(5L3RL2W!BUP4X5)=&ZVLA.7B7*IKN)655R"E* M!+U4.`:YK+3BV)?[C4>.%%RDX"(%5SG54C[8RR!S^E`MV,LZ-V5;3Q<,;Q'Z M6H[3UQ(/,,>G!^(K1GH3T+[5GJZF7 M)#!MY]CYVS##%\.P(R+K'"VAH"VA&!+Z&$-"HX49`U#CC9:]WVC9$G5._M+R M8F1?Y;+19M#*U#KV>UF0@N=SHY<"DPVP,6QDBTT#\GR<0U8U$Y\D)^%-!=?7LE:$!:D$LT'*ZY4 M`VY,*8$,K!TAPI02R%O;B+?6'`Y:ITJ2+I"YIC!S#1E`R`!"!A`,L51G`&%2 MB`3P)BV+N]``OWN6B[?0`+^@BL0"KF1(!=GJ` MUW9Q9)T>8%6Z$2LKD1NP5BW,Z-(#O+.1R.C2`YP>1(['DZ2J`RRH.`E8'_"Z M(9T$K`]8M\HD`>L#UJ'"N]1]P/I3>)&Z#UBA\')A#=0-W+F+7%@#=>-T;I0+ MZQ3P0:@@%]8IX$4MQ1-+)`*LX?E\KD0XP%I>B@J6R`E8099(T38$//OD4K0- M`5LA^,SU1#AU5`L``00E#@``!#D!``#-75MOVS@:?1]@_@/7^S(%XMBBG=@. MVAFD:;H;;%H72;K3W6`1R#:3:&M+64K.Y=\O24FV+J1$2=9'#S`SCDT>\E#G M\$[J_1^OJR5Z)M1W//=#QSKL=Q!QY]["<1\^=+Y?=T^OSRXN.G_\_NLO[__2 M[:+S3W\[O4)3=^FX!%UTOY"`.J_HQYPL";4#@F[L5\_U5F_HTIZ1I8\N'??G MS/;)`>+_72#/13\^7ETB?&@A]!@$3R>]WLO+RR%9/-BTZPG7@,T&_S=RQP_ZC+8E@IF@?HPIT?HM/E$EWQH#ZZ(CZASV1Q M&"$M(Y*(E:7K?^@D>+W.Z/+0HP\]ACWHQ0$[O_Z"PL`GK[Z3BO`RB(-;O1]? M+J_GCV1E=QW7#VQWGHK(P611K7!2-1@:1,@3_JQL' MZ_*ONJR$!];AJ[_H_,X3?$^]);DB]TCDX21X>R(?.KZS>EJ23O3=(R7W\EPL M*>WQ^#V7/+`'N.`IC+LLD3"%OT9?=Q`/]/WJ8H,B$-9^;^UW'VS[*019F#WQ)==E*H/D-2#N@B.'W_+X!045PO,R%J`\M#TJI2RP?#(_ M?/">>XPQ5RG[?U>HM6_%9"F].YW_;^U0LOC,A/Z9$/_479R_/A'7)_Z4N?;4 M]TG@QVD(9A\ZVM%ZF[SSB*G<4^)[:SHGE8J#H]3,R]URQJ.NEBPBKWF(V_U^ MW4'.XD/'6=SAXPD^QG?'?3R@FWK6]]1;59!=G`NO8F'U&EMM09S0:^Q#UFSLJ[O3%:L#V+_! MYZ7]D'FN^=\![)-+5%'M4*CW&.]W+>M:J4LN'SE!)OKM+A) M<-VUO>1VF3[Q3A>K!F+#W-BS);EA3=E'EM1/2<6D'16H:=#-CW9E>=R/9"^0 MP\9A@[UM'00ZNN7X2"3P'_A&H@WN6(/[K8"7$H9H(JJJ-VXF*A57RQ;\:-.S M1YL&K*WZ1NB]1U>\? M'#^@SFS-/<+:]6M"GYTYL?#,XC,L11.'VC%A^JJZV=$>(PTB9R2!1:H.8J7G3[9`D`ZEMJ9"R$L\SAU/ZA2NF M[$2C$'UU^NID>_8Z,8#5K\B&MG`V/?E8.`E`M*W>.:;!RGT'+-/V4!."M$6) MZK(&*2H%.*M\(]3Q%N?NHJ112(<#MD4J<5V96,>CC!E"&,1P#+<*M?G@JGP@ M]2^54E;U>>IP6K]AL`5/1?P,K&R>IKX`<$;0/+8Y%5?-.];*.Z1BDX+("G7# MKGU]GKN!$[R=L42IO;QP%^3U'^1-4O#R<$"*E2:N_?A'T1`S1$$1#!(XB`'! MJ[@QGW#J78<(A*0+-11K6\T92N3*"9/4SZ"2KC;58`W'*26;FRJIFWNAVVO6 M#)N9Y59I(:U1T`F2,,DK\L"GT6TW^&JO9/T$:3!0J:;3UI\=LU*2W:(@#F-* MN?7)"`5KL("3LEP[:4E+^+:\XAGM!3Q_M?DYD],93WT>Y)?5%.%@5C/EB6MO M0<.#2-LA#(IPT&V,!+^)M3DC+&%T8FA)LEA$T0)D`650C7]\^Q>QZ9G])-D( M4Q+8A-I3.=`6R&@BE_S'-\3A4(1G6/>UNC(3VD,$\K/9T-;-GU%B["!-'NJ9Y<\I?;0YPGN%;4$JXHRI#WFG"C\Q<'1%GT?3M"UPU[FNH,TL8X M0)8@N!?&2"M*:H%$,<"+?:#UD`;FQ#[0G\DY+A+[8!_$7HF,IM@'@J"I+?1% MDE*K?0"H]K)1N)'A=\61ZG`P3&O;\'B[1O93:MZ3`7;AR!I^2%UA+&UZ$%U_ M5#D\&J>EO%^CYF;$<#UB<(K7'1\;'1@7G@XT=H=8@^NSCJR4Y,V>ZFO&0RC\ MQ@OL);+#.U[$[5_>YHX7P]=_E=[UU=K%7H7*_DS(GS:S$YW2*^*L9FOV?/BV MMR*E:\2!47YY1O1GW*,]E0P2A9AH2E$*U:@Y=DL5QU1?0JJVN^AY-+8(HLD4 MFE'5N'JR9:[CAEP!Z@9]$T9UA68)&:\[^.;NZ?T-H2O'E5U*41-D7VJ77,[T MU[>/*U4W8E\_FMZC1%I[6`4U*@^<*0\O6Q[>MCP.P@+Q2@MD+\RK=(&VF^4% MV_Z.R$M612_#;6N*@W/9$$#[(#/)ZM^=&8WQ1'P4[]TU=`ZN`8G$YEW#I]X4 M$HGW/,HXMMPL?;%=^T$8J.Q"%V5(F`9&E;Q^K1E-OFV!S-_-L@M2.$/*X$TL M96**JO!"UBWK_2L)=.8GY,%@E"Y-6WMT'Q^U8"C[<8=Y8SK:DQ7(OF<9X0;8 MX^%+H0`C@ZB+K&5W3&?_#>\?4"ZWY$+`>"*;K'8%&<]3;P",+;HTH8#3%$PO MO*AD$LE7RA1*N=^HL[+I6\'BBSHHL):SZ>MOZ1MF11U!F5U\V0FQM-0/M)E! MREZEL:S^I>70MA&REYJKCS"I@P(9096^_AM-HB49V>7TYLXR[807EO,R=:*I M5%:Q]@NY0VM?>:A)&=*0\BL>^1E:0Z7P39UDV@4GA>CWX_Q2F;I4#@`\N30- M'@F-T_U*7OA;+C[RU^5-W7,_8(U10"2#7:U80,;0R(I^QSEN'3CH5DP,-GRE MB0!&4Q=MH.%-LV.^.,_W8$/X(&+L)1@;ME0%O<;VTBTQ2*L5326I`AHP5(T) MQOC:WHR'3$XH[8!2PB:&=[J4R$@F>M@IH<2K7'1V-A8'A]%\81[TMTE%J\[) M-_/LR2['G1'$]0D">$-+>I%#RHL$SB=35^R/G])+XDL:!&5(<'>DDM?O9N"\ M,1A2>$)C2A$',VF)VJQR;MBP\D)69CM+90K+.R%?$FV;P*/!O;=TO)LU=?D6 M%.4Z@C(DD`D4R6M7GO'>B`T0BI&,+3#L@A-6<#*]XE`FK%C[144`K?VB7I(Z MK"']5S_A/%8[P&SG:"?4E$;8@VY1J=!4;H#M$&U>*R&Y)3O_.Y#N4XEJ=PX& MT84YV^@&+L-NE/W,FSY,77VMU$4LV3Q!,)E>/]J4B-?"2;9O%H6$EFXZ>>WF M?5-A;T4LD%#X*CP3&SMW1"O[.S=%)M)&2:I@D@5)U5&T4X..DV6,88X(2&]V2!ICDE M7(,2D+I+UV(*V$/HW7,7?/._[]P[9'$=V*ROHGA"LI"`FI5%Q6`N:Y( ML*:N>D^])`R<==()Z]]5FVQ+0@R3V^>;,=GXH!=BF)I&48LE(6H)33`-%TZI MI(-`*[CJ+`4^R@O8Y"Q+;199\>[%E(M4+CD1UY]^F?_LLW]&>'*$QT*Q_8DU M%'I-_G)WS3\/QGC8_T)6,T(S15\<=L<*7D3ONY1=TU.8$2TQ=">3L36QCN\& MT8QP0.8!:\S%ID]TNA2ER)MQOO>Y%8'+'+I#7L*LUVB#@6Y#%."V9H>,<,TG MU;:%M1S$O5Q>%BTW3-M%,.GK+F4A8)JE;++:]7G\`H34PJ21-U\V9)%=7C6V M65ZED:@QDG)L6[:LYQ:0AS=E;RH;`$BTZ53UK]N(%JKB^,:Z40T(X!0!TSTH MA4!BR4IH`BE69UV@("RLCAN\_PCW,Y+>DS6"W5##-:D!*K]TO:"D)-H93:Q7 M_&J&;4^G:VD,*Y21C(TO5#FJTGT]TAIHH-\^.]0/4'+[6)CZ.T-CD-UP#RN' M$`LE!R5=9.W%P&0W-'5&*-"/^)G0F0=7!)8H`_/#L+*J)S\>*^0/5#_B.O4C MWKOZ$5=7SE"S?KPF3`*+?:X@:Y$OJ"#Q?E:0M6CJ59#`S[A^#5GO4>]K#8DK MUY`X5T-&M"X9`/N;_<4^S&R?L#_^#U!+`P04````"`""BD5!?T>0LD,.``"J MC`$`'0`<`&-K,#`P,#&UL550)``,$3V]0 M!$]O4'5X"P`!!"4.```$.0$``.U=;7/B.!+^OE7['WSZO$R1[,WL4@?B]P7']P7OG]J7KQ='5[6_GMUY]_^O27:M6X MN?['1<=X]#W7)\9M]9Y$U)T8WWK$(]2.B/%L3P(_&$Z-+Y2$Q(_LB)W7N'/] M'UT[)+\8\?\=@WWT[;)S9UA'IF&\1-'HK%9[>WL[(L[`IM4@.?M1+QC6C&HU MO?*_9QC/C-:1><*.6WS3"<:^!8E_53:MJUJMUZ]ELG!TW MSZSV?S]:!Z,I=0N,A&T/IG[;OW/B1&TUO_7Y`A\E= M5(SX.K]W;I=NQQX2ZO9LO\\&1I@,I-BJ)G7"VJ[@=]SP1X=$8^I_?XIM&B=6 MLWY/AEU"S4*PA2?:&=S'4?P$L\?^9C(B?DC":SNRMT0N>\Z=W<3\.C<3.SYJ M2_2Y)RL(>W[%Y$D*2>]H$+S6**W%-\#^3&ZD6C?G3]&'X7--(MOU8NK6X:^> M;&7`?#A4Q;BV=C6N+=7CNAARV7.J&M?%T.>>K(2ALAB(.QLTPE/.;V'TP0N) MG9"E>R&3B/@.<=*[B<^_LV4DN3Y#X`6]I8MZ\?(;T/R9P2'N;&I@?UF=&]A' MWR_8I9WX\I\]>Y">SK.[Q#NOK']?*X2'_XM^_.;[%?NK:;9/ZZT9[2LHQ+;E M(FH70-3>"-$FOUDZ8E+WE`U>DO'399JI0W<=#&W7%^":&ZA#=-/ODU[DOI(< MPI;MU.'[\."G'UU,W%"`E'>$.LQ?V-P6L(G+R>%TV4X=OF=V6@&LY.ORT^5H6F0P9NR'CPHP>V@G)1K9B5C^Z. M#&QO=FW.T[EJL3TFOG]/Z?U730FRN`."+N.U:2\]._OKVHO'\F;;W*(V8K^8'U5[ M+Z[W_L[2I\%0SK-(KQ]D^G)&0!U"SRMFO7X4WU/%8/#[A%+BW,UNGPLOP181 M&I+$,C[2#2B;0L\K[-5N'+);"T8Q'-L[!')DQ^\[8182)O4PO1/6T)$PCG.1 M/F[+?IK>#YN`BIP%])T74S=>)+R]F)_,I5O?T2+)2LZFTSL_3>0G:POLG9]C MK?E9>D-9=7.XZQB0ARN3G+6)>DZ&!8T,X7,V)Z6A)2G\%^HU7N:L:?W`B.E8 MWY[4^H&1)V-E+QGP$\/?!9V3T@1-RMI&^IR58Z"LK`1QYVRT@+*1'1Z=DW(* MG)25&.AB&59`RZ?:JI"B1'F%4.Y6[K;YA>^/;>\SP[.F\$F\GV=V3Y?L4C_6 M]]/E#RUYZ__2IE?,@XTN?(&[PS#S:X)50[ECD M6JI&***2;XMBJ3T42W$'V\"