0001104659-13-037506.txt : 20130506 0001104659-13-037506.hdr.sgml : 20130506 20130506124550 ACCESSION NUMBER: 0001104659-13-037506 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130506 DATE AS OF CHANGE: 20130506 EFFECTIVENESS DATE: 20130506 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT SUISSE TRUST CENTRAL INDEX KEY: 0000941568 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-58125 FILM NUMBER: 13815213 BUSINESS ADDRESS: STREET 1: ONE MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-325-2000 MAIL ADDRESS: STREET 1: ONE MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: WARBURG PINCUS TRUST DATE OF NAME CHANGE: 19950315 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CREDIT SUISSE TRUST CENTRAL INDEX KEY: 0000941568 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07261 FILM NUMBER: 13815214 BUSINESS ADDRESS: STREET 1: ONE MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 BUSINESS PHONE: 212-325-2000 MAIL ADDRESS: STREET 1: ONE MADISON AVENUE CITY: NEW YORK STATE: NY ZIP: 10010 FORMER COMPANY: FORMER CONFORMED NAME: WARBURG PINCUS TRUST DATE OF NAME CHANGE: 19950315 0000941568 S000011252 Commodity Return Strategy Portfolio C000031307 Class 1 CCRSX 485BPOS 1 a13-6655_4485bpos.htm POST-EFFECTIVE AMENDMENT FILED PURSUANT TO SECURITIES ACT RULE 485(B)

 

As filed with the Securities and Exchange Commission

on May 6, 2013

 

Securities Act File No. 33-58125

Investment Company Act File No. 811-07261

 

 

 

U.S. SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-1A

 

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

x

 

 

 

 

Pre-Effective Amendment No.

o

 

 

 

 

Post-Effective Amendment No. 39

x

 

 

 

 

and/or

 

 

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT of 1940

x

 

 

 

 

Amendment No. 40

x

 

(Check appropriate box or boxes)

 

Credit Suisse Trust

(Exact name of registrant as specified in charter)

 

One Madison Avenue, New York, New York

 

10010

(Address of Principal Executive Offices)

 

(Zip Code)

 

Registrant’s Telephone Number, Including Area Code: (212) 325-2000

 

Karen Regan

Credit Suisse Trust

One Madison Avenue

New York, New York 10010

(Name and Address of Agent for Service)

 

Copy to:

Rose F. DiMartino, Esq.
Willkie Farr & Gallagher LLP
787 Seventh Avenue
New York, New York 10019-6099

 

Approximate date of proposed public offering:

 

It is proposed that this filing will become effective (check appropriate box)

 

 

x

Immediately upon filing pursuant to paragraph (b)

 

 

 

 

o

on (date) pursuant to paragraph (b)

 

 

 

 

o

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

 

 

 

 

o

on (date) pursuant to paragraph (a)(1)

 

 

 

 

o

75 days after filing pursuant to paragraph (a)(2), or

 

 

 

 

o

on (date) pursuant to paragraph (a)(2) of Rule 485

 

If appropriate, check the following box:

 

o

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

 

 

 


 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirement for effectiveness of this registration statement under rule 485(b) under the Securities Act and has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and the State of New York, on the 6th day of May, 2013.

 

 

CREDIT SUISSE TRUST

 

 

 

 

By:

/s/ John G. Popp

 

 

John G. Popp

 

 

Chief Executive Officer

 

Pursuant to the requirements of the Securities Act of 1933, as amended, this Amendment has been signed below by the following persons in the capacities and on the date indicated:

 

SIGNATURE

 

TITLE

 

DATE

 

 

 

 

 

/s/ John G. Popp

 

Chief Executive Officer

 

May 6, 2013

John G. Popp

 

 

 

 

 

 

 

 

 

/s/ Bruce S. Rosenberg

 

Chief Financial Officer

 

May 6, 2013

Bruce S. Rosenberg

 

 

 

 

 

 

 

 

 

/s/ Steven N. Rappaport*

 

Chairman of the Board

 

May 6, 2013

Steven N. Rappaport

 

 

 

 

 

 

 

 

 

/s/ Jeffrey E. Garten*

 

Trustee

 

May 6, 2013

Jeffrey E. Garten

 

 

 

 

 

 

 

 

 

/s/ Enrique R. Arzac*

 

Trustee

 

May 6, 2013

Enrique R. Arzac

 

 

 

 

 

*By:

/s/ Karen Regan

 

 

Karen Regan, as Attorney-in-Fact

 

 



 

EXHIBIT INDEX

 

Index No.

 

Description of Exhibit

 

 

 

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 ck0000941568-20130416.xml XBRL INSTANCE DOCUMENT 0000941568 2012-12-31 2012-12-31 0000941568 ck0000941568:doc_Commodity_Return_Strategy_PortfolioMember ck0000941568:S000011252Member 2012-12-31 2012-12-31 0000941568 ck0000941568:doc_Commodity_Return_Strategy_PortfolioMember ck0000941568:S000011252Member ck0000941568:C000031307Member 2012-12-31 2012-12-31 0000941568 ck0000941568:doc_Commodity_Return_Strategy_PortfolioMember ck0000941568:S000011252Member ck0000941568:index_DOW_JONESUBS_COMMODITY_INDEX_TOTAL_RETURN_REFLECTS_NO_DEDUCTIONS_FOR_FEES_OR_EXPENSESMember 2012-12-31 2012-12-31 0000941568 ck0000941568:doc_Commodity_Return_Strategy_PortfolioMember ck0000941568:S000011252Member ck0000941568:index_STANDARD_POORS_500_INDEX_REFLECTS_NO_DEDUCTIONS_FOR_FEES_OR_EXPENSESMember 2012-12-31 2012-12-31 xbrli:pure iso4217:USD The portfolio invests in Credit Suisse Cayman Commodity Fund II, Ltd., a wholly-owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). "Other Expenses" include expenses of both the portfolio and the subsidiary. The expense information in the table has been restated to reflect current fees. CREDIT SUISSE TRUST 485BPOS false 0000941568 2012-12-31 2013-04-16 2013-04-29 2013-05-01 Commodity Return Strategy Portfolio CCRSX FEES AND PORTFOLIO EXPENSES <p style="margin:4pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The accompanying table describes the fees and expenses you may pay if you buy and hold shares of the portfolio. The fee table and the expense example do not reflect expenses incurred from investing through a variable contract or qualified plan and do not reflect variable annuity or life insurance contract charges.</font> <font style="font-size:10pt; font-family: Arial, Helvetica;"><i>If they did, the overall fees and expenses would be higher than those shown.</i></font> <font style="font-size:10pt; font-family: Arial, Helvetica;">Detailed information about the cost of investing in the portfolio through a variable contract or qualified plan is presented in the contract prospectus through which the portfolio's shares are offered to you or in the plan documents or other informational materials supplied by plan sponsors.</font> </p> 0.0050 0.0025 0.0059 0.0134 ~ http://creditsuisse.com/20130416/role/ScheduleAnnualFundOperatingExpenses20001 column dei_DocumentInformationDocumentAxis compact ck0000941568_doc_Commodity_Return_Strategy_PortfolioMember column dei_LegalEntityAxis compact ck0000941568_S000011252Member row primary compact * ~ The expense information in the table has been restated to reflect current fees. Annual portfolio operating expenses (expenses that you pay as a percentage of the value of your investment) The portfolio invests in Credit Suisse Cayman Commodity Fund II, Ltd., a wholly-owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). "Other Expenses" include expenses of both the portfolio and the subsidiary. Shareholder fees (fees paid directly from your investment) N/A EXAMPLE <p style="margin:4pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">This example may help you compare the cost of investing in the portfolio with the cost of investing in other mutual funds. The example does not include expenses incurred from investing through a variable annuity or life insurance contract or qualified plan. If the example included these expenses, the figures shown would be higher.</font> </p> <br/><p style="margin:4pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Assume you invest $10,000, the portfolio returns 5% annually, expense ratios remain the same and you close your account at the end of each of the time periods shown. Based on these assumptions, your cost would be:</font> </p> 136 425 734 1613 ~ http://creditsuisse.com/20130416/role/ScheduleExpenseExampleTransposed20002 column dei_DocumentInformationDocumentAxis compact ck0000941568_doc_Commodity_Return_Strategy_PortfolioMember column dei_LegalEntityAxis compact ck0000941568_S000011252Member row primary compact * ~ PERFORMANCE <p style="margin:4pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The accompanying bar chart and table provide an indication of the risks of investing in the portfolio. The bar chart shows you how portfolio performance has varied from year to year for up to 10 years. The table compares the portfolio's performance over time to that of a broad-based securities market index. The table also compares the portfolio's performance to the DJ-UBS Index, which is currently composed of futures contracts on 22 physical commodities. The bar chart and table do not reflect additional charges and expenses which are, or may be, imposed under the variable contracts or plans; such charges and expenses are described in the prospectus of the insurance company separate account or in the plan documents or other informational materials supplied by plan sponsors.</font> <font style="font-size:10pt; font-family: Arial, Helvetica;"><i>Inclusion of these charges would reduce the total return for the periods shown.</i></font> <font style="font-size:10pt; font-family: Arial, Helvetica;">As with all mutual funds, past performance is not a prediction of future performance.</font> </p> <br/><p style="margin:0pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio makes updated performance available at the portfolio's website <u>(www.credit-suisse.com/us/funds)</u> or by calling Credit Suisse Funds at 877-870-2874.</font> </p> YEAR-BY-YEAR TOTAL RETURNS 0.0636 0.1733 -0.3372 0.1948 0.1666 -0.1265 -0.0209 ~ http://creditsuisse.com/20130416/role/ScheduleAnnualTotalReturnsBarChart20003 column rr_ProspectusShareClassAxis compact ck0000941568_C000031307Member column dei_LegalEntityAxis compact ck0000941568_S000011252Member row primary compact * ~ Best quarter: 0.1674 2008-06-30 Worst quarter: -0.2882 2008-12-31 <p style="margin: 12pt 0pt 0pt 0pt;" align="left"> &#160;YEAR ENDED 12/31: </p> <br/><p> Best quarter: 16.74% (Q2 08)<br /> Worst quarter: -28.82% (Q4 08)<br /> Inception date: 2/28/06 </p> -0.0209 -0.0460 -0.0021 -0.0106 -0.0517 -0.0071 0.1600 0.0166 0.0377 2006-02-28 ~ http://creditsuisse.com/20130416/role/ScheduleAverageAnnualReturnsTransposed20004 column dei_DocumentInformationDocumentAxis compact ck0000941568_doc_Commodity_Return_Strategy_PortfolioMember column dei_LegalEntityAxis compact ck0000941568_S000011252Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ The accompanying bar chart and table provide an indication of the risks of investing in the portfolio. The bar chart shows you how portfolio performance has varied from year to year for up to 10 years. As with all mutual funds, past performance is not a prediction of future performance. The table also compares the portfolio's performance to the DJ-UBS Index, which is currently composed of futures contracts on 22 physical commodities. (REFLECTS NO DEDUCTIONS FOR FEES OR EXPENSES) 877-870-2874 www.credit-suisse.com/us/funds AVERAGE ANNUAL TOTAL RETURNS PRINCIPAL INVESTMENT STRATEGIES <p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio is designed to achieve positive total return relative to the performance of the Dow Jones-UBS Commodity Index Total Return ("DJ-UBS Index"). The portfolio intends to invest its assets in a combination of commodity-linked derivative instruments and fixed income securities. The portfolio gains exposure to commodities markets by investing through the Subsidiary and in structured notes linked to the DJ-UBS Index, other commodity indices, or the value of a particular commodity or commodity futures contract or subset of commodities or commodity futures contracts. The value of these investments will rise or fall in response to changes in the underlying index or commodity.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio may invest up to 25% of its total assets in the Credit Suisse Cayman Commodity Fund II, Ltd., a wholly owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). The portfolio will invest in the Subsidiary primarily to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to registered investment companies. Generally, the Subsidiary will invest in commodity-linked derivative instruments, but it will also invest in fixed income instruments, including U.S. government securities, U.S. government agency securities, corporate bonds, debentures and notes, mortgage-backed and other asset-backed securities, event-linked bonds, loan participations, bank certificates of deposit, fixed time deposits, bankers' acceptances, commercial paper and other short-term fixed income securities. The primary purpose of the fixed income instruments held by the Subsidiary will be to serve as collateral for the Subsidiary's derivative positions; however, these instruments are also expected to earn income for the Subsidiary.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio invests in a portfolio of fixed income securities normally having an average duration of one year or less, and emphasizes investment-grade fixed income securities.</font> </p> PORTFOLIO TURNOVER <p style="margin:4pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The computation of the portfolio's portfolio turnover rate for regulatory purposes excludes trades of derivatives and instruments with a maturity of one year or less. However, the portfolio expects to engage in frequent trading of derivatives, which could have tax consequences that impact shareholders, such as the realization of taxable short-term capital gains. In addition, the portfolio could incur transaction costs, such as commissions, when it buys and sells securities and other instruments. Transaction costs, which are not reflected in annual portfolio operating expenses or in the example, affect the portfolio's performance. During the most recent fiscal year, the portfolio's portfolio turnover rate was 84% of the average value of its portfolio.</font> </p> 0.84 PRINCIPAL RISKS OF INVESTING IN THE PORTFOLIO <p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>A WORD ABOUT RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Principal risk factors for the portfolio are discussed below. Before you invest, please make sure you understand the risks that apply to the portfolio. As with any mutual fund, you could lose money over any period of time.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio is not a complete investment program and should only form a small part of a diversified portfolio. At any time, the risk of loss associated with a particular instrument in the portfolio's portfolio may be significantly higher than 50% of the value of the investment. Investors in the portfolio should be willing to assume the greater risks of potentially significant short-term share price fluctuations.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Investments in the portfolio are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>COMMODITY EXPOSURE RISKS</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio's and the Subsidiary's investments in commodity-linked derivative instruments may subject the portfolio to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss (including the likelihood of greater volatility of the portfolio's net asset value), and there can be no assurance that the portfolio's use of leverage will be successful.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>CORRELATION RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Changes in the value of a hedging instrument may not match those of the investment being hedged. In addition, certain of the portfolio's commodity-linked derivative investments may result in the portfolio's performance diverging from the DJ-UBS Index, perhaps materially. For example, a structured note can be structured to limit the loss or the gain on the investment, which would result in the portfolio not participating in declines or increases in the DJ-UBS Index that exceed the limits.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>CREDIT RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The issuer of a debt instrument or the counterparty to a contract, including derivatives contracts, may default or otherwise become unable to honor a financial obligation. Changes in an issuer's credit rating or the market's perception of an issuer's creditworthiness also may affect the value of the portfolio's investment in that issuer.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>DERIVATIVES RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Derivatives are financial contracts whose value depends on, or is derived from, the value of an underlying asset, reference rate or index. The portfolio typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or currency risk. The portfolio also may use derivatives for leverage. The portfolio's use of derivative instruments, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives are subject to a number of risks described elsewhere in this</font> <font style="font-size:10pt; font-family: Arial, Helvetica;"><i>Prospectus</i></font><font style="font-size:10pt; font-family: Arial, Helvetica;">, such as commodity exposure risks, correlation risk, liquidity risk, interest rate risk, market risk and credit risk. Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>EXPOSURE RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The risk associated with investments (such as derivatives) or practices (such as short selling) that increase the amount of money the portfolio could gain or lose on an investment.</font> </p> <br/><p style="margin:4pt 0pt 0pt 0pt;" align="left"> <font style="font-size:8pt; font-family: Wingdings;">n</font><font style="font-size:10pt; font-family: Arial, Helvetica;">&#160;&#160;</font><font style="font-size:10pt; font-family: Arial, Helvetica;"><b>Hedged</b></font> <font style="font-size:10pt; font-family: Arial, Helvetica;">Exposure risk could multiply losses generated by a derivative or practice used for hedging purposes. Such losses should be substantially offset by gains on the hedged investment. However, while hedging can reduce or eliminate losses, it can also reduce or eliminate gains.</font> </p> <br/><p style="margin:4pt 0pt 4pt 0pt;" align="left"> <font style="font-size:8pt; font-family: Wingdings;">n</font><font style="font-size:10pt; font-family: Arial, Helvetica;">&#160;&#160;</font><font style="font-size:10pt; font-family: Arial, Helvetica;"><b>Speculative</b></font> <font style="font-size:10pt; font-family: Arial, Helvetica;">To the extent that a derivative or practice is not used as a hedge, the portfolio is directly exposed to its risks. Gains or losses from speculative positions in a derivative may be much greater than the derivative's original cost. For example, potential losses from commodity-linked notes or swap agreements, from writing uncovered call options and from speculative short sales are unlimited.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>FIXED INCOME RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The market value of fixed income investments will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. During periods of falling interest rates, the values of outstanding fixed income securities and related financial instruments generally rise. Conversely, during periods of rising interest rates, the values of such securities and related financial instruments generally decline. Fixed income investments are also subject to credit risk.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>FOCUS RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio will be exposed to the performance of commodities in the DJ-UBS Index, which may from time to time have a small number of commodity sectors (e.g., energy, metals or agricultural) representing a large portion of the index. As a result, the portfolio may be subject to greater volatility than if the index were more broadly diversified among commodity sectors. If the portfolio is exposed to a significant extent to a particular commodity or subset of commodities, the portfolio will be more exposed to the specific risks relating to such commodity or commodities and will be subject to greater volatility than if it were more broadly diversified among commodity sectors.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>FUTURES CONTRACTS RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The risks associated with the portfolio's use of futures contracts and swaps and structured notes that reference the price of futures contracts include the risk that: (i) changes in the price of a futures contract may not always track the changes in market value of the underlying reference asset; (ii) trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts; and (iii) if the portfolio has insufficient cash to meet margin requirements, the portfolio may need to sell other investments, including at disadvantageous times.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>INTEREST RATE RISK</b></font> </p> <br/><p style="margin: 0pt 0pt 4pt 0pt;" align="left"> <font style="font-size: 10pt; font-family: Arial, Helvetica;">Changes in interest rates may cause a decline in the market value of an investment. With bonds and other fixed income instruments, a rise in interest rates typically causes a fall in values, while a fall in interest rates typically <font style="font-size: 10pt; font-family: Arial, Helvetica;">causes a rise in values. Generally, the longer the maturity or duration of a debt instrument, the greater the impact of a change in interest on the instrument's value.</font><br /> </font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>LEVERAGING RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio may invest in certain derivatives that provide leveraged exposure. The portfolio's investment in these instruments generally requires a small investment relative to the amount of investment exposure assumed. As a result, such investments may cause the portfolio to lose more than the amount it invested in those instruments. The net asset value of the portfolio when employing leverage will be more volatile and sensitive to market movements. Leverage may involve the creation of a liability that requires the portfolio to pay interest.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>LIQUIDITY RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Certain portfolio holdings, such as commodity-linked notes and swaps, may be difficult or impossible to sell at the time and the price that the portfolio would like. The portfolio may have to lower the price, sell other holdings instead or forgo an investment opportunity. Any of these could have a negative effect on portfolio management or performance.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>MARKET RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The market value of a security may fluctuate, sometimes rapidly and unpredictably. These fluctuations, which are often referred to as "volatility," may cause an instrument to be worth less than it was worth at an earlier time. Market risk may affect a single issuer, industry, commodity, sector of the economy, or the market as a whole. Market risk is common to most investments &#8211; including stocks, bonds and commodities, and the mutual funds that invest in them.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Bonds and other fixed income securities generally involve less market risk than stocks and commodities. The risk of bonds can vary significantly depending upon factors such as issuer and maturity. The bonds of some companies may be riskier than the stocks of others.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>NON-DIVERSIFIED STATUS</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio is considered a non-diversified investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is permitted to invest a greater proportion of its assets in the securities of a smaller number of issuers. As a result, the portfolio may be subject to greater volatility with respect to its portfolio securities than a fund that is diversified.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>PORTFOLIO TURNOVER RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio expects to engage in frequent trading of derivatives. Active and frequent trading may lead to the realization and distribution to shareholders of higher short-term capital gains, which would increase their tax liability. Frequent trading also increases transaction costs, which could detract from the portfolio's performance.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>STRUCTURED NOTE RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The value of a structured note will be influenced by time to maturity, level of supply and demand for the type of note, interest rate and market volatility, changes in the issuer's credit rating, and economic, legal, political, or geographic events that affect the reference asset. In addition, there may be a lag between a change in the value of the underlying reference asset and the value of the structured note.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>SUBSIDIARY RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">By investing in the Subsidiary, the portfolio is indirectly exposed to the risks associated with the Subsidiary's investments. The derivatives and other investments held by the Subsidiary are generally similar to those that are permitted to be held by the portfolio and are subject to the same risks that apply to similar investments if held directly by the portfolio. These risks are described elsewhere in this</font> <font style="font-size:10pt; font-family: Arial, Helvetica;"><i>Prospectus</i></font><font style="font-size:10pt; font-family: Arial, Helvetica;">.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The Subsidiary is not registered under the 1940 Act and, unless otherwise noted in this</font> <font style="font-size:10pt; font-family: Arial, Helvetica;"><i>Prospectus</i></font><font style="font-size:10pt; font-family: Arial, Helvetica;">, is not subject to all the investor protections of the 1940 Act. However, the portfolio wholly owns and controls the Subsidiary, and the portfolio and the Subsidiary are both managed by Credit Suisse Asset Management, LLC ("Credit Suisse"), making it unlikely that the Subsidiary will take action contrary to the interests of the portfolio and its shareholders. The portfolio's Board of Trustees has oversight responsibility for the investment activities of the portfolio, including its investment in the Subsidiary, and the portfolio's role as sole shareholder of the Subsidiary. The Subsidiary will be subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the portfolio.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the portfolio and/or the Subsidiary to continue to operate as it does currently and could adversely affect the portfolio.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>SWAP AGREEMENTS RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Swap agreements involve the risk that the party with whom the portfolio has entered into the swap will default on its obligation to pay the portfolio and the risk that the portfolio will not be able to meet its obligations to pay the other party to the agreement.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>TAX RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">In order to qualify as a Regulated Investment Company (a "RIC") under the Internal Revenue Code of 1986, as amended (the "Code"), the portfolio must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. The Internal Revenue Service ("IRS") has issued a ruling that income realized from certain types of commodity-linked derivatives would not be qualifying income. As a result, the portfolio's ability to realize income from investments in such commodity-linked derivatives as part of its investment strategy must be limited to a maximum of 10% of its gross income. If the portfolio fails to qualify as a RIC, the portfolio will be subject to federal income tax on its net income at regular corporate rates (without reduction for distributions to shareholders). When distributed, that income also would be taxable to shareholders as an ordinary dividend to the extent attributable to the portfolio's earnings and profits. If the portfolio were to fail to qualify as a RIC and became subject to federal income tax, shareholders of the portfolio would be subject to diminished returns.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio has obtained a private letter ruling from the IRS confirming that the income produced by certain types of structured notes constitutes "qualifying income" under the Code. In addition, the IRS has issued a private letter ruling to the portfolio confirming that income derived from the portfolio's investment in its Subsidiary will also constitute qualifying income to the portfolio. Based on such rulings, the portfolio seeks to gain exposure to the commodity markets primarily through investments in the Subsidiary, which invests in commodity-linked swaps, commodity futures and other derivatives, and directly through investments in commodity index-linked notes.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The IRS has recently announced an internal review of its regulatory approach with respect to commodity-related investments by U.S. mutual funds. The IRS has placed a moratorium on the issuance of any additional private letter rulings to U.S. mutual funds.</font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The IRS, after completion of its internal review, may significantly change its regulatory approach and adopt a regulatory approach to commodity-related investments resulting in significant restrictions on the portfolio's ability to invest as previously anticipated.</font> </p> <br/><p style="margin:6pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;"><b>U.S. GOVERNMENT SECURITIES RISK</b></font> </p> <br/><p style="margin:0pt 0pt 4pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">Obligations of U.S. government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. government. No assurance can be given that the U.S. government will provide financial support to its agencies and authorities if it is not obligated by law to do so.</font> </p> The portfolio is considered a non-diversified investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is permitted to invest a greater proportion of its assets in the securities of a smaller number of issuers. As a result, the portfolio may be subject to greater volatility with respect to its portfolio securities than a fund that is diversified. Simply defined, risk is the possibility that you will lose money or not make money. Investments in the portfolio are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. INVESTMENT OBJECTIVE <p style="margin:0pt 0pt 0pt 0pt;" align="left"> <font style="font-size:10pt; font-family: Arial, Helvetica;">The portfolio seeks total return.</font> </p> EX-101.SCH 3 ck0000941568-20130416.xsd XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 000001 - Document - Document and Entity Information link:presentationLink link:definitionLink link:calculationLink 020000 - Document - Risk/Return Summary {Unlabeled} - Commodity Return Strategy Portfolio link:presentationLink link:definitionLink link:calculationLink 020001 - Schedule - Annual Fund Operating Expenses link:presentationLink link:definitionLink link:calculationLink 020002 - Schedule - Expense Example {Transposed} link:presentationLink link:definitionLink link:calculationLink 020003 - Schedule - Annual Total Returns [Bar Chart] link:presentationLink link:definitionLink link:calculationLink 020004 - Schedule - Average Annual Returns {Transposed} link:presentationLink link:definitionLink link:calculationLink 020005 - Disclosure - Risk/Return Detail Data {Elements} - Commodity Return Strategy Portfolio link:presentationLink link:definitionLink link:calculationLink EX-101.LAB 4 ck0000941568-20130416_lab.xml XBRL TAXONOMY EXTENSION LABELS LINKBASE DOCUMENT EX-101.DEF 5 ck0000941568-20130416_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT EX-101.PRE 6 ck0000941568-20130416_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT EX-101.CAL 7 ck0000941568-20130416_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE DOCUMENT GRAPHIC 9 g66554bci001.jpg GRAPHIC begin 644 g66554bci001.jpg M_]C_X``02D9)1@`!`0$`8`!@``#_VP!#``H'!P@'!@H("`@+"@H+#A@0#@T- M#AT5%A$8(Q\E)"(?(B$F*S7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBI MJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W M^/GZ_]H`"`$!```_`-W5!)HWQ;TBT>ZNSI>IV[*L#7,A191GD#/^[^=)XIN& MTKXH:#']HNQIU\##<0_:)!'YC$[3C/7D?E74ZCI,5[XA@$$O%-SXE;4D6QBMETZX>U.9BQ=U[].GZU)X:\3W.OZIJMF M]E%`NEW!MY'$I8NWJ!@<<4>+?%$_AC[`Z64=RE[=):KF4J59L\G@\5ODW'V; M(6/S]O3<=N?KC./PKG?"_BNX\2:9?7WV2"T2TGD@^>8D%DQDDXX7FK^EZAK% M]I\EU/R_*".0.OK5#PCXIN_%FBS:E%8PVP25HD1IBV6 M7&68L[A)7 MBDA$F\*58C@X&0<9KC?%[2V_Q&\+6D%S5Q[` MJ?QJGXI\57/AR^TNW6RBN%U.Y%M&QE*E&/.>U$WBY M]+\3V>AZS8B`Z@"+2ZADWQNP_A((!4]/7J*Z:N)_M^XO_'&NZ5+?/90:3:1R MPA,#>2NYG;(Y`R!CI786DCS6<$LB[7>-69?0DL*9`9A[\C'XUL_\(EIL.GK#8Q_9KJ-?W=ZO^NW_P!YGZMD]0<@T[P= M)?S>%[1]4D,E[F03L>["1@?PXI8?$UI-XPN/#2C_`$B"U6X+9X.3C;CU`(/X MU6\8>)Y_"UM:7*6<=S'.*WLW'V;)6/S]O3<=N?KC./PK! M\(>)Y_%$=],]G';1V=T]J<2EBS+C)Z#CFNCK%\.^)K/Q&^I+:C']GW;6S?RJ*]\2.WB9/#FE1)->K%Y]S)(3Y=M'VSCDL<\#CUJ0:W=6NO6FC7U MH#)>!VAN8<^60JY((/(;IQ[YJE!XJO)?&\WA@V,`>&W%PTXF."A(&`-O7FI; MOQ)>6WC&U\.K90,;J!YTF,Q&%4X((V]:B_X2F^?QK-X8CL;?S8[7[4)VF;:5 MW8QC;UYJ]!J>L'5YM.N-.MXR+?SH)UG+))\P!4C;D$9'K65H'B_5?$5EJ-Q8 MZ3;[["Y>W,3W)!E9?0[<#/O6IX4\46?BS23?6LUTO2?$$(_>:3?HY(_ND\_J!5;XCPG4/`S>([3YGMK]+R%Q_<4A`?IP# M78^&KR/6$N-:B.Z.Z*+$?]A5'_LQ>N9^%'^L\4_]AF6IOAW_`,C)XS_["O\` MC2?%;_CU\/?]AJ#^M=[7B.AZKJFB^&I]22WCGT:WU^4ZA&,EV0[1G']T'!]S MCM7M$=Q%=6:W$$BR12Q[T=3D,I&0:X;X.?\`(D3?]?T_]*ROA^VJKX,A^Q+` M;=>.H_.^)G@R/S'CW/-\R'!'`Z M5U.E::VAWFLW=Q=SSP3LLXEN'#%0J8(^@Q^M<1J]W:Z1XM\+^)8[J!GNY'MK M\(X)`E.Y((Q8V,4I MDLC&WF"XN.,*YXV=!C@YSUI?B,7'B[P48T#N-0;"EL9^YWI-;4W_`,3=`37T M^Q00;WTY8V\Q;B;@D,V!MQ@8&.?6N\O;N*PL9[R^!7IFAZAJNHSW+W"60LXI3'%)` MS,9<`?-SP!DD=^AKBO'R%/BOX,FD_P!4TA0$]-P8?XBO0=9NKJQTN>[M$A=X M$:1EE)`*@$D#'?BLSPEXAN->\,Q:[>006L$R-(J1N6*`$@Y)`],UQFM7EKI7 MBCPQXHCNH6>YG:WO@C@D++RN5P7PF_P"0 M;KW_`&&[C_V6NNUJ\%CI4TOF+&S`1HS'`#,=H.?J:X;0I+/0?BS=:?9SQ/9Z MS9)+'Y;A@)8Q@CCN0&/XT_P&&?XC^-99N91<(HSV7YL?H!72ZEKMG!XGT_2I M].N9+V4226CKLVX"X8YW<<'N*YJ-9V^.=^+>5(V_LE,ET+#&1VR*LW:W"_&/ M1OM$L0W8^-]W]B$)F_L08\XD+]\>E=AX<%RV@6,E\H%Y MY7[WV;/(&>V:X/XW9E)Z!E^8'\Q2WVAP/X%FT,`"(:>8%]L)@'\QFE\,V2Z M'X+TZUC`?[/:(3S@,V,G\R36'X#TN]T&76A="!Q?7TC6=8TG2(IS9BZM]2^WS$2OLV M[V.Q?EST(ZXKH)-1U.[U:UF2WMH[.U6220>>Q>1BI"@#;@#GUK*\&:)+IFB: MKI&J0V]Q%>3SW#!)"04<`;3E1Z=:=X-BU7PWH\^DW9@NK6%V:R83-O6(GA&R MO;U%.\`Z?>^%_#=S87:P2R+,\X:*0X(8CCE1BHO!<-_X3T&33YX;>XE:XDF# M).P7#'('*5TOAI=0_LV274S!]IGN))"L#%D52?E`)`/`QVKFO$NG7VI>-=%U M>%;=8='DD\Q7E8-)NP!C"X%;?B&ZO9M.A@M+>!A<;6F$LS*!'D%E&%.21Q^- M4O'&E-XD\&M9PQQ0W$Y5XG9R!&ZG(.0N?4=.]9.OV.JZ]_PCLCK:K-I-RD]P M3,V)2`,[?D[D=ZU?&FC7.N6.D:I:M#'-I=XEV8Y6.UU'5<@=>G:J7B>TO=ES_:)%DE.7!QP,+[5=\8:/_P"%9*^,!XB6?PU';M;ZI/&\$LAPT,9Q MAF4]6[X!`J+3K#4M$\"V/A^%;:X='>.=WE9%:,2GXVM$S.0(W!R#D+GMCIWK*\2V>K>(]`TNQ=;5;JSN(9YY#,VUR@^ M;'R9Y-;LVI:G>:I9O';VT=I;%Y9LSL7<[&"@#;@#)R>:QO"=OJ7A:PU.%H+6 MXEO+Z6ZBQ.RJ`^,`_)[=JN03:Q$-)ANX+.9+7,ER1.WS2,#C:"G0;CU]O2F^ M-M'N[W6-#U#3!;QW.F7'G%I7*AXSPR<*>N/YU-)IT98 MXEF8N[LRY+?*`!@>]9_P^TJ\T)M2MKOR'^VWDEVC12$[5;&`05'-2>#](N/" M^KZKIDABFAO;Q[N&16(95;^%ACJ,=C5B&&\L[K60BPL-1NRZDN?E3RE4YXZY M7]:I'3KZ3PWI.CD6^+#[(9'\QOG,;`MCY>F%./KVKL+>QM;6%88+>..- 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; } EXCEL 11 Financial_Report.xls IDEA: XBRL DOCUMENT begin 644 Financial_Report.xls M[[N_34E-12U697)S:6]N.B`Q+C`-"E@M1&]C=6UE;G0M5'EP93H@5V]R:V)O M;VL-"D-O;G1E;G0M5'EP93H@;75L=&EP87)T+W)E;&%T960[(&)O=6YD87)Y M/2(M+2TM/5].97AT4&%R=%\P9#5C,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W M9#DR-V$R-S0B#0H-"E1H:7,@9&]C=6UE;G0@:7,@82!3:6YG;&4@1FEL92!7 M96(@4&%G92P@86QS;R!K;F]W;B!A'!L;W)E&UL;G,Z=CTS1")U&UL;G,Z;STS1")U&UL/@T*(#QX.D5X8V5L5V]R:V)O;VL^#0H@(#QX M.D5X8V5L5V]R:W-H965T5]);F9O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O#I%>&-E;%=O6QE#I!8W1I=F53:&5E=#X-"B`@/'@Z4')O M=&5C=%-T#I0#I0#I0&UL/CPA6V5N9&EF72TM/@T*/"]H96%D M/@T*("`\8F]D>3X-"B`@(#QP/E1H:7,@<&%G92!S:&]U;&0@8F4@;W!E;F5D M('=I=&@@36EC'1087)T7S!D-6,S,S1C7V,W M9C=?-#,Y-E\X86)A7V8Y,C=D.3(W83(W-`T*0V]N=&5N="U,;V-A=&EO;CH@ M9FEL93HO+R]#.B\P9#5C,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W9#DR-V$R M-S0O5V]R:W-H965T'0O:F%V87-C3X- M"B`@("`\=&%B;&4@8VQA'0^1&5C(#,Q M+`T*"0DR,#$R/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^9F%L2!0;W)T9F]L:6\@?"!#;VUM;V1I='D@4F5T M=7)N(%-T6UB;VP\+W1D/@T*("`@("`@("`\=&0@8VQA3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R=%\P9#5C M,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W9#DR-V$R-S0-"D-O;G1E;G0M3&]C M871I;VXZ(&9I;&4Z+R\O0SHO,&0U8S,S-&-?8S=F-U\T,SDV7SAA8F%?9CDR M-V0Y,C=A,C'0O:'1M;#L@8VAA2!2971U'0^0V]M;6]D:71Y(%)E='5R;B!3 M=')A=&5G>2!0;W)T9F]L:6\\6QE/3-$)VUA6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!A8V-O;7!A;GEI M;F<@=&%B;&4@9&5S8W)I8F5S('1H92!F965S(&%N9"!E>'!E;G-E2!I9B!Y;W4@8G5Y(&%N9"!H;VQD('-H87)E&%M<&QE M(&1O(&YO="!R969L96-T(&5X<&5N2!D:60L('1H92!O=F5R86QL(&9E97,@ M86YD(&5X<&5N6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/D1E=&%I;&5D(&EN9F]R M;6%T:6]N(&%B;W5T('1H92!C;W-T(&]F(&EN=F5S=&EN9R!I;B!T:&4@<&]R M=&9O;&EO('1H'!E;G-E'!E;G-E2UO=VYE9"!S=6)S:61I87)Y M(&]F('1H92!P;W)T9F]L:6\@;W)G86YI>F5D('5N9&5R('1H92!L87=S(&]F M('1H92!#87EM86X@27-L86YD'!E;G-E'!E;G-E'!E;G-E(&EN9F]R M;6%T:6]N(&EN('1H92!T86)L92!H87,@8F5E;B!R97-T871E9"!T;R!R969L M96-T(&-UF4Z,3!P=#L@9F]N M="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SY4:&ES(&5X86UP;&4@;6%Y M(&AE;'`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`\+W`^/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\ M+W1R/@T*("`@("`@/'1R(&-L87-S/3-$'0^4%))3D-)4$%,(%))4TM3($]&($E.5D535$E.1R!)3B!42$4@ M4$]25$9/3$E//'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@ M("`@/'1R(&-L87-S/3-$'0^ M/'`@6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E!R:6YC:7!A;"!R M:7-K(&9A8W1O6]U M('5N9&5R6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!P;W)T9F]L:6\@:7,@ M;F]T(&$@8V]M<&QE=&4@:6YV97-T;65N="!P2!F;W)M(&$@6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/DEN=F5S=&UE M;G1S(&EN('1H92!P;W)T9F]L:6\@87)E(&YO="!B86YK(&1E<&]S:71S(&%N M9"!A2!T:&4@1F5D97)A M;"!$97!O6QE/3-$)VUA2P@8VAA;F=E2!D979E;&]P M;65N=',N/"]F;VYT/B`\+W`^(#QB2!F;W(@9W)E871E6QE/3-$)VUA M6QE/3-$)V9O;G0M3H@07)I86PL($AE M;'9E=&EC83LG/CQB/D-/4E)%3$%424].(%))4TL\+V(^/"]F;VYT/B`\+W`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`\8G(O/CQP('-T>6QE/3-$)VUA2!N;W0@86QW87ES('1R86-K('1H92!C:&%N M9V5S(&EN(&UA6EN9R!R969E2!R97-T2!N965D('1O('-E;&P@;W1H97(@:6YV M97-T;65N=',L(&EN8VQU9&EN9R!A="!D:7-A9'9A;G1A9V5O=7,@=&EM97,N M/"]F;VYT/B`\+W`^(#QB6QE/3-$)VUAF4Z(#$P<'0[(&9O;G0M9F%M:6QY M.B!!6QE/3-$)V9O M;G0M2!O6QE/3-$)VUA6QE/3-$)V9O;G0M3H@ M07)I86PL($AE;'9E=&EC83LG/E1H92!P;W)T9F]L:6\@;6%Y(&EN=F5S="!I M;B!C97)T86EN(&1E2!R97%U:7)E2!C875S92!T:&4@<&]R=&9O;&EO('1O(&QO6EN9R!L979E2!I;G1EF4Z,3!P=#L@9F]N="UF M86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SX\8CY,25%5241)5%D@4DE32SPO M8CX\+V9O;G0^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=M87)G:6XZ,'!T(#!P M="`T<'0@,'!T.R<@86QI9VX],T1L969T/B`\9F]N="!S='EL93TS1"=F;VYT M+7-I>F4Z,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SY# M97)T86EN('!OF4Z,3!P M=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SX\8CY-05)+150@ M4DE32SPO8CX\+V9O;G0^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=M87)G:6XZ M,'!T(#!P="`T<'0@,'!T.R<@86QI9VX],T1L969T/B`\9F]N="!S='EL93TS M1"=F;VYT+7-I>F4Z,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I M8V$[)SY4:&4@;6%R:V5T('9A;'5E(&]F(&$@2P@8V]M;6]D:71Y+"!S96-T;W(@;V8@=&AE(&5C;VYO;7DL M(&]R('1H92!M87)K970@87,@82!W:&]L92X@36%R:V5T(')I&5D(&EN M8V]M92!S96-U2!I;G9O;'9E(&QE2!S:6=N:69I8V%N=&QY(&1E<&5N9&EN9R!U<&]N M(&9A8W1OF4Z,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L M+"!(96QV971I8V$[)SX\8CY.3TXM1$E615)3249)140@4U1!5%53/"]B/CPO M9F]N=#X@/"]P/B`\8G(O/CQP('-T>6QE/3-$)VUA2!! M8W0@;V8@,3DT,"P@87,@86UE;F1E9"`H=&AE("(Q.30P($%C="(I+"!A;F0@ M:7,@<&5R;6ET=&5D('1O(&EN=F5S="!A(&=R96%T97(@<')O<&]R=&EO;B!O M9B!I=',@87-S971S(&EN('1H92!S96-UF4Z,3!P=#L@9F]N="UF86UI;'DZ($%R M:6%L+"!(96QV971I8V$[)SX\8CY03U)41D],24\@5%523D]615(@4DE32SPO M8CX\+V9O;G0^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=M87)G:6XZ,'!T(#!P M="`T<'0@,'!T.R<@86QI9VX],T1L969T/B`\9F]N="!S='EL93TS1"=F;VYT M+7-I>F4Z,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SY4 M:&4@<&]R=&9O;&EO(&5X<&5C=',@=&\@96YG86=E(&EN(&9R97%U96YT('1R M861I;F<@;V8@9&5R:79A=&EV97,N($%C=&EV92!A;F0@9G)E<75E;G0@=')A M9&EN9R!M87D@;&5A9"!T;R!T:&4@2X@1G)E<75E;G0@=')A9&EN9R!A;'-O(&EN8W)E87-EF4Z,3!P=#L@9F]N="UF86UI;'DZ M($%R:6%L+"!(96QV971I8V$[)SX\8CY35%)50U154D5$($Y/5$4@4DE32SPO M8CX\+V9O;G0^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=M87)G:6XZ,'!T(#!P M="`T<'0@,'!T.R<@86QI9VX],T1L969T/B`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`T<'0@,'!T.R<@86QI9VX],T1L969T/B`\9F]N="!S='EL M93TS1"=F;VYT+7-I>F4Z,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV M971I8V$[)SY4:&4@4W5B2!I6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/CQI/E!R;W-P96-T=7,\ M+VD^/"]F;VYT/CQF;VYT('-T>6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/BP@:7,@;F]T('-U8FIE8W0@ M=&\@86QL('1H92!I;G9E2!#2!T;R!T:&4@:6YT97)E2P@86YD('1H92!P;W)T9F]L:6\G2!A M;F0@8V]U;&0@861V97)S96QY(&%F9F5C="!T:&4@<&]R=&9O;&EO+CPO9F]N M=#X@/"]P/B`\8G(O/CQP('-T>6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/CQB/E-705`@ M04=2145-14Y44R!225-+/"]B/CPO9F]N=#X@/"]P/B`\8G(O/CQP('-T>6QE M/3-$)VUA6QE/3-$)V9O;G0M3H@07)I M86PL($AE;'9E=&EC83LG/E-W87`@86=R965M96YT2!T:&4@<&]R=&9O;&EO(&%N9"!T:&4@2!A&EM M=6T@;V8@,3`E(&]F(&ET2!A&%B;&4@=&\@'1E;G0@871T2!A7!E'!O6QE/3-$)VUA2UR96QA=&5D(&EN=F5S=&UE;G1S(&)Y(%4N4RX@ M;75T=6%L(&9U;F1S+B!4:&4@25)3(&AA6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!)4E,L(&%F=&5R M(&-O;7!L971I;VX@;V8@:71S(&EN=&5R;F%L(')E=FEE=RP@;6%Y('-I9VYI M9FEC86YT;'D@8VAA;F=E(&ETF4Z,3!P=#L@9F]N="UF86UI M;'DZ($%R:6%L+"!(96QV971I8V$[)SX\8CY5+E,N($=/5D523DU%3E0@4T5# M55))5$E%4R!225-+/"]B/CPO9F]N=#X@/"]P/B`\8G(O/CQP('-T>6QE/3-$ M)VUA6QE/3-$)V9O;G0M3H@07)I86PL M($AE;'9E=&EC83LG/D]B;&EG871I;VYS(&]F(%4N4RX@9V]V97)N;65N="!A M9V5N8VEE2!V87)Y M:6YG(&1E9W)E97,@;V8@8W)E9&ET(&)U="!G96YE6QE M/3-$)VUA6QE/3-$)V9O;G0M3H@07)I M86PL($AE;'9E=&EC83LG/E1H92!A8V-O;7!A;GEI;F<@8F%R(&-H87)T(&%N M9"!T86)L92!P'!E;G-E2!S97!A2!P;&%N('-P;VYS;W)S+CPO9F]N=#X@/&9O M;G0@6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/D%S('=I=&@@ M86QL(&UU='5A;"!F=6YDF4Z,3!P=#L@9F]N M="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SY4:&4@<&]R=&9O;&EO(&UA M:V5S('5P9&%T960@<&5R9F]R;6%N8V4@879A:6QA8FQE(&%T('1H92!P;W)T M9F]L:6\G2!C86QL:6YG($-R961I="!3=6ES'0^/'`@'1087)T7S!D-6,S,S1C7V,W9C=?-#,Y M-E\X86)A7V8Y,C=D.3(W83(W-`T*0V]N=&5N="U,;V-A=&EO;CH@9FEL93HO M+R]#.B\P9#5C,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W9#DR-V$R-S0O5V]R M:W-H965T'0O M:F%V87-C3X-"B`@("`\ M=&%B;&4@8VQA'0@0FQO8VM=/"]T M9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^51E>'1";&]C:SPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'`@ M'!E;G-E(%M(96%D:6YG73PO=&0^#0H@("`@("`@(#QT9"!C M;&%S6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!A8V-O M;7!A;GEI;F<@=&%B;&4@9&5S8W)I8F5S('1H92!F965S(&%N9"!E>'!E;G-E M2!I9B!Y;W4@8G5Y(&%N9"!H;VQD('-H87)E&%M<&QE(&1O(&YO="!R969L96-T(&5X<&5N2!D:60L('1H92!O=F5R86QL M(&9E97,@86YD(&5X<&5N6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/D1E=&%I;&5D M(&EN9F]R;6%T:6]N(&%B;W5T('1H92!C;W-T(&]F(&EN=F5S=&EN9R!I;B!T M:&4@<&]R=&9O;&EO('1H'1=/"]T9#X-"B`@("`@ M("`@/'1D(&-L87-S/3-$=&@^'!E;G-E6]U'0^4$]25$9/3$E/(%154DY/5D52/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'0@0FQO8VM=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!C;VUP=71A M=&EO;B!O9B!T:&4@<&]R=&9O;&EO)W,@<&]R=&9O;&EO('1U'!E8W1S('1O(&5N9V%G92!I;B!F"!C;VYS97%U96YC97,@=&AA M="!I;7!A8W0@'!E;G-E'!E M;G-E'!E;G-E6UA;B!#;VUM;V1I='D@1G5N9"!)22P@3'1D+BP@82!W:&]L;'DM M;W=N960@2!O9B!T:&4@<&]R=&9O;&EO(&]R9V%N:7IE9"!U M;F1E2(I+B`B3W1H97(@17AP96YS97,B(&EN8VQU9&4@97AP96YS97,@ M;V8@8F]T:"!T:&4@<&]R=&9O;&EO(&%N9"!T:&4@2X\'!E;G-E'0^5&AE(&5X<&5N&%M<&QE(%M(96%D:6YG73PO=&0^#0H@("`@ M("`@(#QT9"!C;&%S&%M<&QE2&5A9&EN9SPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^15A!35!,13QS<&%N/CPO M&%M<&QE($YA'!E;G-E17AA;7!L94YA'1";&]C:SPO=&0^#0H@ M("`@("`@(#QT9"!C;&%S'0^/'`@&%M<&QE(&UA>2!H96QP('EO=2!C;VUP87)E('1H92!C;W-T M(&]F(&EN=F5S=&EN9R!I;B!T:&4@<&]R=&9O;&EO('=I=&@@=&AE(&-O'!E;G-E2!O6]U(&EN=F5S="`D,3`L,#`P+"!T M:&4@<&]R=&9O;&EO(')E='5R;G,@-24@86YN=6%L;'DL(&5X<&5N6]U(&-L;W-E('EO=7(@86-C;W5N M="!A="!T:&4@96YD(&]F(&5A8V@@;V8@=&AE('1I;64@<&5R:6]D'0^4%))3D-)4$%,($E.5D535$U%3E0@4U12051%1TE%4SQS M<&%N/CPOF4Z,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SY4:&4@ M<&]R=&9O;&EO(&ES(&1E2!I;G9E2!A;F0@:6X@"P@;W1H97(@8V]M;6]D:71Y(&EN9&EC97,L(&]R M('1H92!V86QU92!O9B!A('!A2!F=71U2X\+V9O;G0^(#PO<#X@/&)R+SX\<"!S='EL93TS1"=M87)G:6XZ M,'!T(#!P="`T<'0@,'!T.R<@86QI9VX],T1L969T/B`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`@("`@(#QT9"!C;&%S M2!D969I;F5D+"!R:7-K(&ES('1H M92!P;W-S:6)I;&ET>2!T:&%T('EO=2!W:6QL(&QO6]U(&EN=F5S="P@ M<&QE87-E(&UA:V4@6]U(&-O=6QD(&QO2!H:6=H97(@=&AA;B`U,"4@;V8@=&AE('9A;'5E(&]F('1H M92!I;G9E2!O=&AE2X\+V9O;G0^ M(#PO<#X@/&)R+SX\<"!S='EL93TS1"=M87)G:6XZ-G!T(#!P="`T<'0@,'!T M.R<@86QI9VX],T1L969T/B`\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z,3!P M=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SX\8CY#3TU-3T1) M5%D@15A03U-54D4@4DE32U,\+V(^/"]F;VYT/B`\+W`^(#QB2=S(&EN=F5S=&UE;G1S(&EN(&-O;6UO9&ET>2UL:6YK960@9&5R M:79A=&EV92!I;G-T2!T:&%N(&EN=F5S=&UE;G1S(&EN('1R M861I=&EO;F%L('-E8W5R:71I97,L('!A2!I9B!T:&4@:6YS M=')U;65N=',@:6YV;VQV92!L979E2UL:6YK960@9&5R:79A=&EV92!I;G-T2!I;F1E>"!V;VQA=&EL:71Y+"!C:&%N9V5S(&EN(&EN=&5R M97-T(')A=&5S+"!O2UL:6YK960@9&5R:79A=&EV97,@8W)E871E2!F;W(@:6YC2UL:6YK960@9&5R:79A=&EV92!I;G9E&%M<&QE+"!A('-T&-E960@=&AE(&QI;6ET MF4Z,3!P M=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SX\8CY$15))5D%4 M259%4R!225-+/"]B/CPO9F]N=#X@/"]P/B`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`T<'0@,'!T.R<@86QI9VX],T1L969T/B`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`\+W`^(#QB2!C875S92!A(&1E8VQI;F4@:6X@ M=&AE(&UA7!I8V%L M;'D@/&9O;G0@3H@07)I86PL($AE;'9E=&EC83LG/F-A=7-EF4Z,3!P=#L@9F]N="UF86UI;'DZ M($%R:6%L+"!(96QV971I8V$[)SX\8CY,159%4D%'24Y'(%))4TL\+V(^/"]F M;VYT/B`\+W`^(#QB'!O2!I;G9O;'9E('1H92!C2!T:&%T(')E<75I6QE/3-$)VUA6QE/3-$)VUA6QE/3-$)V9O;G0M3H@ M07)I86PL($AE;'9E=&EC83LG/D-E2UL:6YK960@;F]T97,@86YD('-W87!S+"!M M87D@8F4@9&EF9FEC=6QT(&]R(&EM<&]S2!H879E('1O(&QO=V5R('1H92!P2!O9B!T:&5S92!C;W5L9"!H879E M(&$@;F5G871I=F4@969F96-T(&]N('!O6QE/3-$)VUA M6QE/3-$)V9O;G0M3H@07)I86PL($AE M;'9E=&EC83LG/CQB/DU!4DM%5"!225-+/"]B/CPO9F]N=#X@/"]P/B`\8G(O M/CQP('-T>6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!M87)K970@=F%L=64@;V8@ M82!S96-U2!M87D@9FQU8W1U871E+"!S;VUE=&EM97,@2!A M;F0@=6YP2X@5&AE2P@;W(@=&AE(&UA6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/CQB/DY/3BU$259% M4E-)1DE%1"!35$%455,\+V(^/"]F;VYT/B`\+W`^(#QB2!U;F1E6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/CQB/E!/4E1& M3TQ)3R!455).3U9%4B!225-+/"]B/CPO9F]N=#X@/"]P/B`\8G(O/CQP('-T M>6QE/3-$)VUA6QE/3-$)V9O;G0M3H@ M07)I86PL($AE;'9E=&EC83LG/E1H92!P;W)T9F]L:6\@97AP96-T2!L96%D('1O('1H92!R96%L M:7IA=&EO;B!A;F0@9&ES=')I8G5T:6]N('1O('-H87)E:&]L9&5R6QE/3-$)VUA6QE/3-$)VUA6QE/3-$)V9O;G0M3H@ M07)I86PL($AE;'9E=&EC83LG/E1H92!V86QU92!O9B!A('-T2P@ M;&5V96P@;V8@7!E(&]F(&YO M=&4L(&EN=&5R97-T(')A=&4@86YD(&UAF4Z,3!P=#L@9F]N="UF M86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SX\8CY354)3241)05)9(%))4TL\ M+V(^/"]F;VYT/B`\+W`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`T<'0@ M,'!T.R<@86QI9VX],T1L969T/B`\9F]N="!S='EL93TS1"=F;VYT+7-I>F4Z M,3!P=#L@9F]N="UF86UI;'DZ($%R:6%L+"!(96QV971I8V$[)SY);B!O2`H82`B4DE#(BD@=6YD97(@=&AE($EN=&5R;F%L(%)E=F5N=64@0V]D92!O M9B`Q.3@V+"!AF5D(&9R;VT@8V5R M=&%I;B!T>7!EF4@:6YC;VUE(&9R;VT@ M:6YV97-T;65N=',@:6X@6QE/3-$)VUA6QE/3-$)V9O;G0M3H@07)I86PL($AE;'9E=&EC83LG/E1H92!P;W)T9F]L:6\@:&%S(&]B M=&%I;F5D(&$@<')I=F%T92!L971T97(@2!C97)T86EN M('1Y<&5S(&]F('-T2P@=VAI8V@@:6YV97-T2!I;F1E>"UL:6YK960@;F]T97,N/"]F;VYT/B`\+W`^(#QB2!A<'!R;V%C:"!W:71H(')E2!A M9&1I=&EO;F%L('!R:79A=&4@;&5T=&5R(')U;&EN9W,@=&\@52Y3+B!M=71U M86P@9G5N9',N/"]F;VYT/B`\+W`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`@("`@("`@/'1D(&-L87-S/3-$=&@^ M'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'1=/"]T9#X-"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^.#'1=/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0@0FQO8VM=/"]T9#X- M"B`@("`@("`@/'1D(&-L87-S/3-$=&@^'0^0F5S="!Q=6%R=&5R.CQS<&%N/CPO M'0^2G5N(#,P+`T*"0DR,#`X/'-P86X^/"]S<&%N M/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S2!2971U2!2971U'0^1&5C(#,Q+`T*"0DR,#`X/'-P86X^/"]S M<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S"!.;R!$961U8W1I;VX@9F]R($9E97,L($5X<&5N$YO M1&5D=6-T:6]N1F]R1F5E'0^/'-P86X^/"]S<&%N/CPO M=&0^#0H@("`@("`@(#QT9"!C;&%S'0^/'-P86X^ M/"]S<&%N/CPO=&0^#0H@("`@("`@(#QT9"!C;&%S'!E;G-E'!E;G-E'!E;G-E17AA;7!L95EE M87(P,3PO=&0^#0H@("`@("`@(#QT9"!C;&%S&%M<&QE+"!W M:71H(%)E9&5M<'1I;VXL(#,@665A'!E;G-E17AA;7!L95EE87(P,SPO=&0^#0H@("`@("`@ M(#QT9"!C;&%S'!E;G-E($5X86UP;&4L('=I=&@@4F5D96UP=&EO;BP@-2!9 M96%R&%M<&QE665A&%M<&QE665A6UA;B!)3X-"CPO:'1M;#X-"@T*+2TM+2TM M/5].97AT4&%R=%\P9#5C,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W9#DR-V$R M-S0-"D-O;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0U8S,S-&-?8S=F M-U\T,SDV7SAA8F%?9CDR-V0Y,C=A,C'0O:'1M;#L@8VAA7!E(&-O;G1E;G0],T0G=&5X="]H=&UL.R!C:&%R2`Q+`T* M"0DR,#$S/'-P86X^/"]S<&%N/CPO=&0^#0H@("`@("`\+W1R/@T*("`@(#PO M=&%B;&4^#0H@(#PO8F]D>3X-"CPO:'1M;#X-"@T*+2TM+2TM/5].97AT4&%R M=%\P9#5C,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W9#DR-V$R-S0-"D-O;G1E M;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0U8S,S-&-?8S=F-U\T,SDV7SAA M8F%?9CDR-V0Y,C=A,C$9$2T)K M845)23!+>'=25E,P9D%K33)*>6=G:TM&:&-91U)O;$II8V]+4V\P3E19,PT* M3T1K-E$P4D92:V1)4U5P5%9&5E=6,6A:5VU.:UI76FYA1VQQ8S-2,61N9#1E M6'%$:$E71V@T:4II<$M4;$I75VPU:5IM<4MJ<$M7;0T*<#9I<'%R2WIT3%#AJ2GET3%0Q3EA7,3EJ6C)U2&DT*U1L-75F;S9E$5%0E-%>`T*0FA*0E519&AC4DUI36]%249%2U)O8DA"0U-->E5V0599;DQ2 M0VA9:TY/16PX4F-91U)O;4IY9W!+:E4R3GIG-4]K3D5255I(4T5L2PT*53%2 M5E9L9%E75G!J6D=6;5HR:'!A;DXP9%A:,V5(;#9G;T]%:%EA2&E);4MK<$]5 M;%IA6&U*;6%O<4]K<&%A;G%+;7%S4UN M2S!T4%4Q9&)8,DYN831U4&LU96)N-D]N<3AV4#`Y9F(S*U!N-B\Y;T%$04U" M04%)4D%X14%0=T1P+T%09PT*,W=X9&5"4$1L>&,K2$Y&;6YL,#(R:VMK:W-9 M;5HR35-K5-4>FUT6%5F0TAH3WES-4IX-%$P;31:8T)964Y-:%HS66M! M069,9PT*6DI(2DE59%=)04I&&%W94%B4V)69S=R3'!Y-F9::5=)27-B37I-5T521THT5#AR:R]V M0GAW,C-E,#-W;C1,,4Q4%-88TMZ;3)K3%-/ M.'4QG54-6I.*PT*.50S0SEF-%,P,F)2+T-U:F%:8W1',#EL6E$R,&I2 M:VQ3>4E&2D))0GAK96=P2F0P3U1T#%X=T]/=65C.$I71W-A>#16,`T*8E4W;GABF]'24=B8VY'5#9M;G`R17(R=F,Q9BM%1CA*+W=$47(V M1B\T3#1F+VEA4"M%1CA*+SA!47(V1@T*+W=#0RM(+S1M;"\T4C=5+RMH=C$W M+W9Z6F8X07E04B]W:C)P+W=$43,V.2\S-7-V+VME:7DW0F0O=T$S-6EF.$E, M-%0O=T-H6#!,+PT*04U&.%`O>$Y(+T-#*T4O*VA8,$PO=T%&.%`X03A45U8T M4W-.63%J=W)O,G`S4&DS5VQN=F)+1S5K5T]#>4-H;E%-44TR-4]-;C%.80T* M,R]#4&%N+S!.*W9F.2MB3"]W0U(V3D]W3S8P-79Z12\T45AW;B\P2RMH9BM# M*T@O04]*;R]W0T5&.$HO.4-V;U@O9W9H+SA!:6%8+PT*04E2-U4O.$%O8CEE M+W=#+TYL+SAJ,&8X23EQ9B]1,S8Y+S,U$Y, M+T%-23EQ9CA!,$XK=F8Y*V),+S5(;R\T4C=5+RMH=C$W+W9Z6F8O23E&;#)# M-R]M+TU4+VA"9D-F+U%R-@T*1B\T3#1F.$$T;6HO04E16'=N+S!+*VAF*T,K M2"]W0TIP9CA!:$AT5"]W0VAV,35!2+W=J,G`O.41F$PT<3%(5$3-&<$AN5F=F.4AX:D53-#0W;G(R,78K164Q4#A!-DD4O-%%8=VXO=T)#=F]8+T%) M3#1F+VEA4"M%1CA*+SE#=F]8+V=V:"]W1&EA>71:$Y(+T-# M*T4O*VA8,$PO=UAW+SA!>$Y,+T%-23EQ9CA!,$XK=F8Y*V),+S5(;R\T4C=5 M+RMH=C$W+W9Z6@T*9B]).49L,D,W+VTO350O:$)F0V8O47(V1B\T3#1F.$$T M;6HO04E16'=N+S!+*VAF*T,K2"]W0TIP9CA!:$AT5"]W0VAV,35!2+W=J,G`O.41F3="9"]Z9FU* M+W=!24PT5"]!3VA8,$PO=UAW+R]!0DY(+T-#*PT*12\X06]6.4,O=T1"9D0O M.%13+SA).7%F+U$S-CDO,S5S=CA!-4AR2CA*5T=S87@T5C!B53=N>&)R4WHS M=&Q$8WE,2$):0E%Z;T=)1PT*8F-N1U0V;6I4D4O-%%8=VXO04Y#=F]8+V=V:"\K2F\O-%%8=VXO=T)#=F]8+PT*04E,-&8O M:6%8+VA(=%0O-D2\K4C9, M3'-&,R]!1&9M2B]W9W9H4"]!2T9F478X00T*=UAW+R]%,&8X24PT5"\V1F91 M=B]!05AW+W=$>$Y,+W=J,G`O.41F#1T,7!84SEU-UE"20T*3$E$8D9C4U)+96)C.#=50E!V;G`P;S`W0G)V>F9M M878O0T,K12\X06]6.4,O=T1"9D0O.%12+W=G=FA0+V]6.4,O.$%"9D0O05!% M,`T*=B]#4&%N+S!.*W9F.2MB3"]W0U(V4#A!:$AT5"]W0VAV,35!26F1G=2\U=GI%+S116'=N+W="0W9O6"]!24PT9B]I80T*4"M%1CA*+SE# M=F]8+V=V:"]W1&EA6'=H3&4O869%1FYF-FA0<4@R1R]70TMA9$DQ9EEB84-4 M0CAT1E4O3DDS875I<'!*.4).>5A5*PT*6E`R;SE#,&Y29CA!:$=F-T@P=7

&YA0FY'5#$Y5%)7;"LQ,R]W07EN+S(Y+W=$=$=I M=5-R.%104G%1S55EP:VIC5GIN=S,O-0T* M2C,T5R]W0W=682\K:59R<&-6>FYW,R\U2C,T5R]W0W=682\K:59P9%-U:#!/ M2TU5-T9'2UI),T9'2V1I:D9!1&-567`R2TU504YX4@T*:6Y9;WA103-&1TMD M:6I&041C55EP,DM-54%.>%)I;EEO>%%!,T9'2V1I:D9!1&-567`R2TU504YX M4FEN66]X44$S1D=+9&EJ1D%$8PT*55EP,DM-54%.>%)I;EEO>%%!,T9'2V1I M:D9!1&-567`R2TU504YX4FEN66]X44$S1D=+9&EJ1D%$8U59<#)+355!3GA2 M:6Y9;WA100T*,T9'2V1I:D9!1&-567`R2TU506-L-$=S;SE0,41X6F)13D\X M86%Q;4103S@W;DYL86YL,TI9.64U-#9D2S9V1F-R-$9S;W10,41X6@T*8E%. M3SAC97%P9WIZ=D\U>EI7<#5D>5=06'5E3VY15C%M2VU/>%5T>C5Y+V$X+S5L M4"]T-R]W1&%.1DPK,3DMF.$$R.2\K,&%+-0T*879X6=Y3GA52&ID:D]#45%$9VQ704MN<5=X M-3AL<7EX4EAN,6IF879F.$%I1G1!1W1885&U)9PT*4UA%>4AA9TE-4VI/42LWC=' M<5AW,W=0:#$T5WEF*UE6868K:59O=G%&=`T*1&]Q2UAJ3TTX,&-(4%!3;4MW M;$9'4F=(27=E.4QX;D=E84%S2E)3.$A04%-K>4U!-4=$,V]#=U55=D=C6C5R M071016DS;6AP<49R<`T*5W!Y>E!C4S)V,DI&:DUY>5)Y3VIH;3,K5V]":EDW M:31"-$%*3$%%=49R;3E25TQP+VE'2RLX4$YQE5M M80T*17`X7AK04]39"]!*U8Y<750;%HP5D9C-PT*<'9J4%$Y4FYK M4S-U.%%P869B4'1%<6U/3'EW:V-J2$Q92S=5;F=9-V=":5%92DMU1C)T3W5X M9E=55C!)6C=D2DUL16Y462LS3T9*6`T*<7529S1/1T=11T%/44,Y>$],5S59 M;W!E331Z>E)W8S@Y2UE716]O>4U!-4=$,W!E331Z>E%&:$M+6&4,K:W0R=6M5>%!T84Y75E=)9D75C:F-$:D)Q.7AN1V5A-7DK:79'*TE':UA%5VYZ>5=%3VXS545T,G)X8@T* M23-K949L0E5U2%!%2GIH5#DY9F9A;4Y+-6,P;GA$<&UR6$Q15TTP:G5%36E& M-$I),6Y114%V17I+0DMN2R]-:%IF;5AN-6AM5S@T*4S=055=S3'$K=#1B M=&)2-S4P9'-E6$%H0W1)>#9+=50Q3TTT3U!U;DA**T4Y0S%$5'11:S%394\O M6%1B2%1Z6C92<$US,74X,%-&;`T*3&]39T,X*U1!<6)P6#1"3$U#>$%R,V9H M4%AO+T96-V51>C929G=8;'!Q3S5B=7I92WIY:3-72TM817`S3'1H:E5S<4%B M66UY0WHW<0T*5C-9&Y'-V$R33=7>'=E:F5'<$)P,G!#.3!7+W8Q8C=/24DY8G99 M-6)T-496:V9F37)U0F)K4&MQ0U0K.'52E)W8S@Y2V]I=PT*;$9'4F=(27=E.4QX;D=E84%S2E)3.$A04%-K M>4U!-4=$,V]#=U55=D=C6C5O-$]E96Q!5T5O;WE-035'1#-P94TT>GI11FA+ M2UAG-0T*-395;5)G2$EW93E!5T-I;#1Z:E!.2$)Z>C!O0W=L1D=29TA)=V4Y M3'AN1V5A07-*561Z8G%5V0GIZ,'%L<75R86)O.7-L>G$R;U=L:F)U=U):8FU:66Q::4-105=)1V-! M;DAS84%S8W8X3E`W23AZ>%0O=T%)-3EG+PT*7118TU-9S1)22]#=0T*69J1V]M,'91'9,9WI0<%5T,'DR;&]O5TU+ M:UDK>G-(0F1';%!Y2FAN4$1(-6IZ.7HT4CA.:4U%94@Y2$(Y5)7-DEW>F12031)1V5H<'IP3TMU M4E-X55IY4U,S4%4W8G=Z33!E;%5AB2W=/ M4S1.=CA!=7=Q4E-O4S4S4U8P;'!D>@T*861Q1V=N56)453E!+<$=48W589'E$9W)!:W!W:D-62#)0:#-R;7!A-5HV%A+94),:56PO,CDO.$%T1VEN9G1G+SAY;"\R.2\K M,&%+-7%V>$TW<4@X3DAT9GC16+W=#=U9A9BMI5G)P2S5Z-&%F.$%* M3V9#=B]92@T*=%`X03!3=&1*:75L8DA&3&1I559N6'5U-E)986)"<48Y<71H M8E=&>'0X;35M=5532U1C3GDW6$IW8V=%:D(U2$YA5TM9F9W,0T*+W=# M4V,K1F8K=U9A9BMI5G)P8U9Z9G4Y0-U9R4C-/3$=B4DX4#A!,2LS M+T%0-E=45C)/2S1645O<&-566]'2E)3-&]X44%L1DQI:D9! M0PT*555U2TU504I24S1O>%%!;$9,:6\W:WI,8E-T87AX>5A!46U.2DA+2WI9 M-$)906M$4&9">#9'9UIY=F=3-&QU.5(X5WI4,E9X67E.<0T*<5IT-V=O6%1& M;&%J:V]Z3'HQ-%DX2#$TB]!3U-C9490*W=4868K:55R<&-6,')9-&YU950K14Y7,`T* M,G@P4U);$)5 M9SAG9SA97I)04U9-'@R4%!01D@T80T*:B]I,TAH5$@O44MT4"]22U8P,DLU%=T=DQC6%4P8TYT0VI34U-33496 M1D%Y5TI000T*04%*2DY50T*;393 M2EI585=-0G=52F1!-C=8*U$W&)G M.%4V4$I9,TXQ4&5I>&ET9&AN3V]W=EI'34UC2WA764M1DYV8F-6;%8R50T*-'A/=W-B M,C-V=G1"=%IF3E=#6F]'64M1=3EC8F='-DYG-55K6D%937`U56=734A!-4=E M+T996&AE,S%A,75D4G0W*TMZ:#!Y1C%J,`T**TLS54MQ4F=S1E913VE#4'E2 M9S@K6C4R4&LX=75G>%9*:TY74%!F:D-$.6XX32MN.7)(+T%.2DQMF=X=38Y4#%:<#-8*W%(,')L M=%@O=T-0>E-0*W=T<"\O<%A&6%4S6"MQ2#!R;'18+W=#4#-34"MW='`O+W!8 M1@T*5W1F-%=C,D8O:5(Y5#(T1')N.$M40G=/4FYV>%0X55ER:U!81S0U.7%! M3W5F=W`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`O04]*<7(T5S`V>3!N>"\T8D]L5V1V66TT=5IO M6FIB4DQ&-6MF,E=D.6IB44UR=5)'=V5-<0T*1#%!%)I=6,Y33@Y*TU8+TAR M-%HO-T,S+W1P8S%I-@T*9C)R82M-9B]!0C8K1V8X07-,9BLR;'I73'`O871Q M3S=/1$'9W9T@O1D-W9CA!6#=F+T%0<%I.6%HT%HO,2MW+RMK9'98%HO,2MW+RMK M9'96=RM*1T])+VAS,C=(-W8T5E0Q1'96>7@K-RM&53E1-S$R4#14>#0O10T* M83-W9B]W0U!F>%`O04YH8B]W0G1,8791359W2'=E+S0Y+T4O+UE7+SET3&%V M44U6=SE4,UEF0W929FM*:6I&3&EJ1D%X3559<&-560T*;T%41D=+6$9'2T%% M>%)I;'A2:6="3559<&-566]!5$926$U45%EI7<#5%87%V M1V-C2T]"-@T*.#$Q,DLU3'=&67AA9G%0:2LQ=#-U2&EJ,5I-3F-816LW;DYL M86YL-4=,2'(S2G=/3V=RC5S+V)'+S5L2"]!3&90+V%&1@T*3"LR M4"]W07EH+S(K9BLP2TLU<6YX33=+4'=).78K1U$O=T-,8BM&4"MW5&%F*VE5 M6A&>#5G M*UDW9FTW4$9C=EDK1EIR9@T*5G)A4C$YP;')*2@T*3$I94DUZ M5`O:%`OB]!25%(=V8X M00T*.4-N-&8O.$%"8D0O05!%,&8X240T4#A!*VA4.%`O.$%G=&@O*TIR2S=/ M>7E/9CA!:DHO>#9E1V8K=W0O-V%83EEM;CEQ-W8O04E12`T*=V8X03E#;C1F M+SA!0F)$+T%013!F.$E$-%`X02MH5#A0+SA!9W1H+RM*<3148T]H>C$X3W%R M5'9B-68X135E-B]W0E50<%A,870O>`T**S92+S)&=%`O=T13=4MV568K14(X M2"\Y0VXT9B]W1$)B1"\X5%(O=V=09R\O;U4O1"\X031,668O:6%U9%IZ5G)' M5DQ"<6Y*4S5T=@T*3"]G;E(T;WA83V8X240T4"]W0VA4.%`O05!G=&@O.$%I M85`K14(X2"]W1%%P*T@O05!W5W4LU3%,O M0VYH,3AB.4(P;'9R6GAN*VQC5TUX>7=R:7!+.7HPE%D2E@V5V-9+W!813@V9W9S4`T*-WHP26-/5&TW8S8K-#DP>%)I=D\O:#4T M2CA+,V9G1'=Z8UA8:&Y1-3=I8E1,5U-35U-W:5IN67A+4WA*6$I*4$]46%$O M=T1#02M$+PT*05!O52]$+R]!24Q99B]I83EQ-U!N5VMJ;SA6."]E078K4E

6@O.$%267(Q-R]H069"+R]!14MF:"\X03A&$Y(+PT*04%G4&5)W0U1V>F9H+W=43RM%02\T;U=$+T%++V(O=T0Y M3$IQ-U1&8S4O=T%)1#10+PT*04]H5#A0.$$O9W1H+W=$:6%0.$%H069"+W=$ M,$MF:"\O=T%&%HO,2MW+RMK9'98 M;W8X00T*=V=09R]W1#9&4'FQB2#=V-%94,41V6&)F.$E$-%`X00T**VA4.%`O M.$%G=&@O*TIO+S112'=F+S!+9F@O+T%-1G-0+WA.8G5U,G)73TY90DHS-79W M+S1*9R]"-R]J,CA4+T%065B]H069"+PT*+U%P*T@O.$%W5W0T*4#=Z,2]W1%8R M9DYY.#8K-#EB>%)I=D1V0U!H5'%164DLQ>GE-8FA0<6Q:,%I/-U9V>%9Z;SA567)N4#A!:$%F0B]W M1#!+9F@O+W=!1@T*#13,%=X.%`S2#EI841P.$QA<#5C M,'8R4T=*4W!T3$U9CER9CA!5'1N6=(241"5'HS03EQ.6AU M=D)09VTP='!B:38X32M'-$QE1@T*1$I*3$I944MQ2T)KFLQ,S1B M164S:'HR4,S:E=.1@T*>EI7<$]&04%'4U-F<6$V-T9C5#A-4#=(.'IX6"]W04DQ+UHO M.6LO,G-V:V8R9G,X:B]J>G1D,C-:.'8S=#)C9#@Q,T9D0S)/4U6@O=T)V;B]T0VEL+V)*+S5L1"]T."]W1&%&1F,Y5#1JF9W>"\U2G0T5`T*+W=#=U1A9BMI57)P839& M$M+ M5VEG:U-I;&]O05-I;&]O05-I;&]O05-I;`T*;V]!4VEL;V]!4W9*9DB]!1%HX6&YV*R]4*U@U25-I;')J4$=/2MG,F51 M;&,W2VEV369T9&EI:,DE:5VLX=G!V:#EQ3G1Q3V=:FMS>D4T9&EZ2`T* M;'!-=59L>FMI6EI62EEQ5TEM2GA+;F='.6DQ2%5F1CDQ8G!C2D9*<7E95S1T M-4E(1TQ',4A+4TMR1'`S07E/96ARE0K,E8O>DM(+V(U M+S=1;W!F,GDO.$%M5"\K,WHO,@T*:%)84%4K238V6'=).7@K1TDO-'1R-%0O M04]W4F%F.$%O;$LV8D9C,SA-0B]X8EAW;B\R0TQ4+S!3;&$K;V%N8C)&>EIW M5'@S:G9D4`T*75Y M;%!U-U1T>'0T#9K,%A$;$]P>%A-+T1%9@T*.%%!R.%9Y<39.<&UL,V1V%-I*V]7,$]L>%)I;#5Y4%0V,$1/ M5&YP,C5P:45X4FEJ-71O-$#C`W8S!N M>F)2=PT*3C-'4FYJ,V]!3559<&5C:C`K=$%Z:S4V9'5A045X4FEJ-71O-$#C`W8S!N>F)2=TXS1U)N:@T*,V]!-6XT M;D0O:3)V:7HO2]5-F1V.$%J,')L3E@O:7)Q M,B\T.4LU5%8O-'$X4U(Y1F@O:4\W*T=)+S1TB]!34LR.$M:+PT*-D).<&IN+W!I;&1,.#(P8T1D>&M:-#DV*S57>"MA M4&--55EP96-J,"MT07IK-39D=6%9:$U566\K8F%/0G4T>4TX93E,>FME;C%O M00T*5$9'2U5:>6,Y3S-.2C@R,&-$9'AK6C0Y-D%$1D=+6&Y).5!R44TU3V5N M8FUG0DU566\K8F%/0G4T>4TX93E,>FME;C%O051&1TM56@T*>6,Y3S-.2C@R M,&-$9'AK6C0Y-D%$1F52*T]0*U-N,U`O64ES+W=$,&1D5C8W>FME;C%R>4QX M>FXO:&%&,6M$2#EK,F5/9CA!<'1D5@T*-2MA9C=R3#5F;6HQ.&DO,S9(>B]! M0UIS85(O1%)Q+V5J4U`T84Y8-S$X0T*5'=0+T%-;%%T=CA!C,O9G`O3#AK1TM-579/4C9F5V=:>6,Y3S-.90T* M9V512FEJ1DAZ8E)W3C-'4FYJ,W!E8VHP*W1!0UEQ2S9K947=X;%$P:$%Y1EAC4754,$=30C9K5DU--4]E;F)M<0T*3W)386Y&84DR:U=D M;&182EE";S=Q-V%"075$:VAL:F-K-7AX=$A5.#A9249J;F9!3GA,9#9J-'=N M=4Q+-'-:5S%D33(Y=S!:9$U73@T*<4]41WI,>C$T63A(&E`X06U4+RLS>B\R:%)3+W1M+SAY9CA!.79N+T%,46]R0W`X M4C%5=FA2-VXX34(O>&)8=VPO,D-,5"\P4VQD3FEU82M'02\T='`T4PT*+W=# M=U)A9BMI57)P61*,"M0*S!S+V)D;'-G*S%: M,UHX,T$K9D\U=G9:*SAF5W)/;39F6C986E(R90T*;5=L=EHR:V5D:T9V1W-A M2FMK;D-Q04)K:VXV;7)E2TU50T5X6$TO1$%F.$%&=&9#6"]92710.$$P4VQD M4&EU6BM'02\T='`T4R\W0@T*1G`O-DI3:G%0;V1,:6I&3&EJ1D%H3559<&-5 M66]!5$9'2UA&1TM!17A2:6QX4FEG0DU567!C55EO051&1TM81D=+04]9*THT M+W=#3`T*82M,9BMW4F0O=T1O;#8T6%-0-&$W=C1N:B]I,FYI,R]!3$)&,R\V M2F5U13!J*T=V0GIR96XX+S!0<65'+VAQ+TPY5'`R+S0Y2S545@T*+W=#2W5R M8B]!23E+-516+S1Q.%-2.49H+VE/*RM'02\T='(T4R\W0D9P+S9*4W5M>%A. M9D1!9CA7,#A*9CEG:3`O.$%22U8P,DLK-0T*5W@K879C5$9'2UA&1TM"0UEO M>%,T;WA106U+355U2TU504II:D9,:6I&04-9;WA3-&]X44%M2TU5=4M-54%* M:79)9FE';'IB+T575PT*-B]S-U9,:3)K,'4R:E=7,#`K93188W-T>5=5;4Y' M04E$<6-(,49E=C1Q3):,#1417EW=%96;TLW6&8PGA#4"LT2&5N+S)L4G%/=%)Z6CAV5&9%2B\W9V0W+PT*05!'<3E/:#%F M5$IT6&XP<4A58D]45DE%.'E7>E-D5$Y'=DAZ36UD=TAZ3'E2+T505W!,-B]S M.5`K>B]B-W4S='9T17DR.%!N4TMN;0T*>70Y,49Y95=/1&=$:S1R>B]W0W@V M4#A!32]W+WE052]T-T58=GER.&8X>GER-&5*8S-(>$9I=78W3S%3,W1O.4QU M63)L=3E0;G0Q,PT*3DQB1E9":U)14U%J2$$Y1%AR,DMZ6DYF,&%+.79,3UA6 M.5!3.'-O5&-854182T-30TE!174V-7EQ-%I4:S1'0U!7G8U8U-U=T)K8F%7,G%/-3)Q>'=/>6LY<3E$1#!9,$MA<'AE:5!,>&5* M;FEQ%'HQ4%E9D=A3&-9;S5156-Q<%EB2E5Z;%9W9'CA,+T%0:VUN:$PO04Q"1@T*<"\V2E-U;G)M9FAF+W=!:S`X2F8Y9VDP+W=$ M4DM5=6]D1'!A2U=I;4E3:6QO;T%3:6QO;T%3:6QO;T%3:6QO;T%3:6QO;T$U M:C1O9@T*.&LP.%%$O-4IP-'0O=T-W4F0O M*VE839M9FE*4').=$9E1S9U;G,W97=J8E-M5@T*2#`P:4YP>$Y/ M>69U:7).8T]S6F%/5&5O1$-11TY"-FQ24W-/-35T8G=75CE0<49V<'-'=7DA-87$V8F\P*U5B,D5K M=6Y797)A1&4V2S%P;VTK0UA:6E%W=$HU:#!U>55227-'.$5G35%*2C-K-41' M1EED>FMW=5!22PT*2TQ"8U-I;&]P:45O<&%+045O<&%+04]/*T@Y=$Q:-FPT M>&=U3#(T=C55,61-,T9WC%,>&I"8UAT>&9Y<'$V6G5,:%EX22MB1S!026I65C1Z:FA2=T\U-7)S M2U-'>C5L+V)2+S5K-R]T."\X06%&1D@W85`O041*,PT*+V(U+S=1;W)'9GA( M5%0K1DAU=G=V+S5*;C13+S="1G`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`R2TU504TR1&%&-7=-9'IN:C-P8T1C1'IK8V1A9&EJ1D%$ M44%#5'IZ>C%P3FC%P,DM-54%-,D1A1C5W361Z;FHS<&-$8T1Z:V-D861I:D9!1%%!0U1Z>GHQ M<$YG,FAE8T1(8S4T.39F:6I&041C1`T*8T1Z:V-D84%!0U1Z>GHQ<#)+355! M33)$848U=TUD>FYJ,W!C1&-$>FMC9&%D:6I&041104-4>GIZ,7%H<2MK,C)Q M,FE7,3%*97AX;PT*=V-',79:4]P1T-R03A%14A"0F]!-4PT9C)-5VYA;`T* M-'AT3&0W:#1O.5A41%A&>$I026,R3F]E6&M:;5!8=51G8V1"6%DQ=S-W5`K4$LQ,PT*8F1N>2]E,UIX,WHS MF]P+T-J,V(T6$0O:3)F:$@O%A,+T,T9CA!1G,O0U`O64ET M4#A!,%-L9`T*5&EU62M&;R\T=&PT4B\W03EN+S9*4VPQ2#!/;7A2:6QX4FEM M251&1TM81D=+045X4FEL>%)I9T)-55EP8U59;T%41D=+6$9'2T%%>`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`S26AZ;%9),0T*3DE-Y=&=$8SAJ:W4U M=T951FEC0E9!-$%!3$$R5DY:,64K,"LV5TLP.$\V5!H:C11=T-F.$%I55=F5"]R:6QD5FEU M6"M&;R\T=&HT42\W03EN+W=#:55O-F@P3VPU,T%93PT*361A0FMK.$594#4P M+T9'2UEH;51T0C).:S0K6&I);S4S05E/361A9FEJ1D%$0FMK.$594#4P6D\P M2%DR5&HU94UI;C1O>%%!>FYC0@T*9S1X,6]'4U1W4F4M/9'='1&I(5VXT;WA107=:2E!"1T0K9$=4=$(R3FLT*UAJ27`K M2TU506-R.`T*57,O.$LP.%A$0G@O63DU>C9F=5=R>GI34#1A.48K2U$O=T-, M62M,+T%0#%P*TM-54%-1PT*4U1W4F4MF:6I&041/ M9'='1&I(5V=:2E!"1T0K9%!X4FEG0FU4=$(R3FLT*UAJ26\U,T%93TUD869I M:D9!1`T*0FMK.$594#4P6D\P2%DR5&HU94UI;C1O>%%!>FYC0F#%O1U-4 M=U)G+VY4.%59;T%::S=19&I:3U!L-'E+3V1W1T1J2%=N-&]X40T*07=:2E!" M1T0K9$=4=$(R3FLT*UAJ27`K2TU504TU,T%93TUD84)K:SA%65`U,"]&1TM! M1UI/,$A9,E1J-65-:6IN8T)G-'@Q<"M+30T*54%-1U-4=U)G+VY62%8W-C5S M8E)*5)O-'%+-FME M1S%M;&IG:W5*15%S%DR9S5-8DUV3TTX365$ M,E!&9&QI:VAS*UE0,C%V*UI.+W=#,S,O,FA24R]T%)I;EEO>`T*44$S1D=+9&EJ1D%$8U59<#)+355!3GA2:6Y9;WA103-& M1TMD:6I&04=4-'`P;BLS=D1'$-U-PT* M8FM:>&Y/36EU0W1V:#$T:70X8E!%,FMN2')O,&XO>598<#$Q23!&%5D<',S4$,R:R\R1#19,&I34$\K,&8R9EIW,FYN8F1N M;6579UAD='EC6GAN1U17<&EU2S!F-&EA9G%-:`T*:V5Y=F)85#)S24PV3V57 M4$Q-2E9I6D8R3&MK=5IL4TU+5TUK:U4V05IJ1S=R9$UM=6)M>&EM=G)4-TA/ M*U=-0FM%:E)J2C)H:4].,@T*,T=10U%$:T)M041(6%/>4YV4&1Y3&0R M37A5DIK;49M1S%M*U9L>F%65-:S%S M+W=$0TUA="\P4$AI3"]V>'`O.$$X:3!80W@P,DM-5GI0+T--870O,%!(:4PO M=GAP+W=$.`T*:3!F.$EX<3,O43AE278X079X<"\O=T%I,%A#>#`R2TU6>E`O M04%J1W)F.$%1.&5)=BLO1VXO.$%Y3%(O=VI'')R>7@V8F9P87A&3&5W0EI487=4 M6F).='ED,')$:DA!2#%/>B]W04EX<3,O04502`T*:4PO=GAP+R]!36DP6$-X M,#)+359Z4#A!=VI'7-Q:0T*3#=2=3,W<&U*9GI-64%',$A*32\O0TUA="\P4$AI3"]!3#AA9B\X M04ET2"]!06I'G!U:C)/F%O8G)4,FU457!(2@T*951C<7I*3%44UEEX M:49C8V1Z,31X7AR;6\O,FET:D1%4V=G15,S1C!V5S1K545G-$E$26=W<4YL=FU94FQ$=V(T M9`T*+W=#16$P=5=Z*S,S3CEV;4UV;51N:V9+<34O,VTR-S-B*T]6-4AW3BLP M5B\K15DQ8B]O95!%6"]!2#0P+W=$*U)A4"M%63%B+V]E4`T*15@O9FI4+R]! M2D9O039B1D=+-6XO:$=.5R\V2&IX1B\S-#`O+W=#4F%0.$%H1TY7+W=#:#0X M4F8Y*TY0+W=$:U=I-%=/;7A2:75!,0T*-U1.8S`O5F9$;'1$-#$Q-6\Y4W8S M=%I3.79917%O=%HUFYG;C9J6B\T4FI6=BMH-#A29CDK3E`O M.$%K5VDT5T]M>`T*4FEU6B]W0T59,6(O04M(:GA&+S,T,"\O04]285`K15DQ M8B]O95!%6"]F:E0O=T0U1F]U1FIP'$S+U$X94EV*R]';B]!4'E, M4F-,2%19;WA832\X27AQ,R]1.&5)=CA!=GAP+PT*+W=!:3!F.$%#36%T+W=" M1'@T:2\W.&%F+W=$271&=W-D3FEJ1F-Z+T%-27AQ,R]1.&5)=BLO1VXO=T1Y M3%=.-%,P>EA.63!Q935U9@T*1W5V3$I(9C-T<4)(8C)!1S)'-FQH53@R>#5+ M>&=N,WHP-E580W@S*TM-5GI0+T--870O,%!(:4PO=GAP+W=$.&DP9CA)>'$S M+U$X90T*278X079X<"\O=T%I,%A#>%0K2&MD-TAQ9FI.3E5U3&$U=D)R0V5: M3&)13D1',RMG5VU-27IU4GAG9F5/5'IX,$A:67)).$YA04Y$6`T*54=B54PS M56)M+W5F=%4Y>&1I24]7155C44%%84EO05=*93-R5WII9T=F3'8W8E@O041* M;B]B-R]!3S!+2U@Y='8O;510*S,S+W=";PT*559N3&,Q:G-E.69#%%!;4MW3E$X5S9063-&>&)Y5%A-,3%" M35E*3&4Q`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`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`R,V8K6DPO=T,S,R\R M:%)2*S(W+WI*9B]B-R]W0S!+2WIL=6%X,E!E+VA6+WE3+W=!2"]W1%E'&-P M1V]51FE*44TT07IG0W(O.$%W,4PT,B\V0F9H>B]!34(U+W=$-#E66$IS9EIL M1F9'9@T*+T15=FIB+V]&*TA0+T%E9B]W0U!59CA!1%5V:F(O;T8K2%`O04%( M;B]W1&HQ3S1R2#):4EAX;B]!34Y3*TYV*V=8-&,O=T1!968X00T**U!59CA. M4RM.=CA!;T8K2%`O065F+S0Y4F-,2#):4EAX;B]W,4PT,B]W0V=8-&,O.$(U M+R]J,4@O1%5V:F(O;T8K2%`O065F+W=#4`T*55A#>#EM558X6B\X3E,K3G8K M9U@T8R\X0C4O+T%).5(O=T%.4RM.=BMG6#1C+SA!065F+T%/4%580W@Y;556 M.%HO.$%$579J8B]O1@T**TA0+T%!2&XO=T1J,4@O1%5V:F(O;T8K2%`X07=( M;B]!4&HQ1G=S9EIL1F9'9CA!=S%,-#(O-D)F:'HO04U"-2]W1#0Y4B]W,4PT M,@T*+W=#9U@T8R\X0C4O+VHQ1G=S9EIL1F9'9B]$579J8B]!2T)F:'HO=TAN M+RM0568X3E,K3G8K9U@T8R\X0C4O+T%).5)C3$@R6E)8>`T*;B]W,4PT,B\V M0F9H>B]W2&XO.$%J,4@O04$Q3#0R+S9"9FAZ+W=!0C4O.$$T.5)C3$@R6E)8 M>&XO=T%.4RM.=BMG6#1C+SA!065F+PT*04]0568X3E,K3G8K9U@T8R]W1$%E M9CA!*U!56$-X.6U55CA:+W=$1%5V:F(O;T8K2%`X07=(;B]!4&HQ2"]$579J M8B]!2T)F:'HO=PT*2&XO*U!56$-X.6U55CA:+SA.4RM.=CA!;T8K2%`O065F M+S0Y4B]W,4PT,B\V0F9H>B]W2&XO.$%J,49WB]!34(U M+W=$-#E28TQ(,EI26'AN+T%-3E,K3G8K9U@T8R]W1$%E9CA!*U!59CA.4RM. M=CA!;T8K2%`O065F+S0Y4F-,2`T*,EI26'AN+W#EM558X6B\X3E,K3G8K9U@T M8R\X0C4O+PT*04DY4B]W04Y3*TYV*V=8-&,O.$%!968O04]055A#>#EM558X M6B\X0415=FIB+V]&*TA0+T%!2&XO=T1J,4@O1%5V:F(O;T8K2%`X00T*=TAN M+T%0:C%&=W-F6FQ&9D=F.$%W,4PT,B\V0F9H>B]!34(U+W=$-#E2+WB]W2&XO M*U!59CA.4RM.=BMG6#1C+SA"-2\O04DY4F-,2#):4EAX;B]W,4PT,B\V0F9H M>B]W2&XO.$%J,4@O04$Q3`T*-#(O-D)F:'HO=T%"-2\X030Y4F-,2#):4EAX M;B]W04Y3*TYV*V=8-&,O.$%!968O04]0568X3E,K3G8K9U@T8R]W1$%E9CA! M*U!56`T*0W@Y;556.%HO=T1$579J8B]O1BM(4#A!=TAN+T%0:C%(+T15=FIB M+T%+0F9H>B]W2&XO*U!56$-X.6U55CA:+SA.4RM.=CA!;T8K2`T*4"]!968O M-#E2+WDIF+V(W+W=#,$M+.%HK2VYX4S%V-&PO,E@O8G1R<'1V+T%'9C5V;&99-#-4 M9#5M>D\W8S=F,T)J1PT*3SE&6G9C,&IS9B]:#0H-"@T*+2TM+2TM/5].97AT M4&%R=%\P9#5C,S,T8U]C-V8W7S0S.39?.&%B85]F.3(W9#DR-V$R-S0-"D-O M;G1E;G0M3&]C871I;VXZ(&9I;&4Z+R\O0SHO,&0U8S,S-&-?8S=F-U\T,SDV M7SAA8F%?9CDR-V0Y,C=A,C&UL#0I# M;VYT96YT+51R86YS9F5R+45N8V]D:6YG.B!Q=6]T960M<')I;G1A8FQE#0I# M;VYT96YT+51Y<&4Z('1E>'0O:'1M;#L@8VAA&UL;G,Z;STS1")U'1087)T7S!D-6,S,S1C7V,W9C=?-#,Y 7-E\X86)A7V8Y,C=D.3(W83(W-"TM#0H` ` end XML 12 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate May 01, 2013

XML 13 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Commodity Return Strategy Portfolio | Commodity Return Strategy Portfolio
Commodity Return Strategy Portfolio
INVESTMENT OBJECTIVE

The portfolio seeks total return.

FEES AND PORTFOLIO EXPENSES

The accompanying table describes the fees and expenses you may pay if you buy and hold shares of the portfolio. The fee table and the expense example do not reflect expenses incurred from investing through a variable contract or qualified plan and do not reflect variable annuity or life insurance contract charges. If they did, the overall fees and expenses would be higher than those shown. Detailed information about the cost of investing in the portfolio through a variable contract or qualified plan is presented in the contract prospectus through which the portfolio's shares are offered to you or in the plan documents or other informational materials supplied by plan sponsors.

Shareholder fees (fees paid directly from your investment) N/A
Annual portfolio operating expenses (expenses that you pay as a percentage of the value of your investment)
Annual Fund Operating Expenses
Commodity Return Strategy Portfolio
Class 1
Management fee 0.50%
Distribution and service (12b-1) fee 0.25%
Other expenses [1][2] 0.59%
Total annual portfolio operating expenses [2] 1.34%
[1] The portfolio invests in Credit Suisse Cayman Commodity Fund II, Ltd., a wholly-owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). "Other Expenses" include expenses of both the portfolio and the subsidiary.
[2] The expense information in the table has been restated to reflect current fees.
EXAMPLE

This example may help you compare the cost of investing in the portfolio with the cost of investing in other mutual funds. The example does not include expenses incurred from investing through a variable annuity or life insurance contract or qualified plan. If the example included these expenses, the figures shown would be higher.


Assume you invest $10,000, the portfolio returns 5% annually, expense ratios remain the same and you close your account at the end of each of the time periods shown. Based on these assumptions, your cost would be:

Expense Example (USD $)
ONE YEAR
THREE YEARS
FIVE YEARS
TEN YEARS
Commodity Return Strategy Portfolio Class 1
136 425 734 1,613
PORTFOLIO TURNOVER

The computation of the portfolio's portfolio turnover rate for regulatory purposes excludes trades of derivatives and instruments with a maturity of one year or less. However, the portfolio expects to engage in frequent trading of derivatives, which could have tax consequences that impact shareholders, such as the realization of taxable short-term capital gains. In addition, the portfolio could incur transaction costs, such as commissions, when it buys and sells securities and other instruments. Transaction costs, which are not reflected in annual portfolio operating expenses or in the example, affect the portfolio's performance. During the most recent fiscal year, the portfolio's portfolio turnover rate was 84% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The portfolio is designed to achieve positive total return relative to the performance of the Dow Jones-UBS Commodity Index Total Return ("DJ-UBS Index"). The portfolio intends to invest its assets in a combination of commodity-linked derivative instruments and fixed income securities. The portfolio gains exposure to commodities markets by investing through the Subsidiary and in structured notes linked to the DJ-UBS Index, other commodity indices, or the value of a particular commodity or commodity futures contract or subset of commodities or commodity futures contracts. The value of these investments will rise or fall in response to changes in the underlying index or commodity.


The portfolio may invest up to 25% of its total assets in the Credit Suisse Cayman Commodity Fund II, Ltd., a wholly owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). The portfolio will invest in the Subsidiary primarily to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to registered investment companies. Generally, the Subsidiary will invest in commodity-linked derivative instruments, but it will also invest in fixed income instruments, including U.S. government securities, U.S. government agency securities, corporate bonds, debentures and notes, mortgage-backed and other asset-backed securities, event-linked bonds, loan participations, bank certificates of deposit, fixed time deposits, bankers' acceptances, commercial paper and other short-term fixed income securities. The primary purpose of the fixed income instruments held by the Subsidiary will be to serve as collateral for the Subsidiary's derivative positions; however, these instruments are also expected to earn income for the Subsidiary.


The portfolio invests in a portfolio of fixed income securities normally having an average duration of one year or less, and emphasizes investment-grade fixed income securities.

PRINCIPAL RISKS OF INVESTING IN THE PORTFOLIO

A WORD ABOUT RISK


All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money.


Principal risk factors for the portfolio are discussed below. Before you invest, please make sure you understand the risks that apply to the portfolio. As with any mutual fund, you could lose money over any period of time.


The portfolio is not a complete investment program and should only form a small part of a diversified portfolio. At any time, the risk of loss associated with a particular instrument in the portfolio's portfolio may be significantly higher than 50% of the value of the investment. Investors in the portfolio should be willing to assume the greater risks of potentially significant short-term share price fluctuations.


Investments in the portfolio are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.


COMMODITY EXPOSURE RISKS


The portfolio's and the Subsidiary's investments in commodity-linked derivative instruments may subject the portfolio to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments.


Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss (including the likelihood of greater volatility of the portfolio's net asset value), and there can be no assurance that the portfolio's use of leverage will be successful.


CORRELATION RISK


Changes in the value of a hedging instrument may not match those of the investment being hedged. In addition, certain of the portfolio's commodity-linked derivative investments may result in the portfolio's performance diverging from the DJ-UBS Index, perhaps materially. For example, a structured note can be structured to limit the loss or the gain on the investment, which would result in the portfolio not participating in declines or increases in the DJ-UBS Index that exceed the limits.


CREDIT RISK


The issuer of a debt instrument or the counterparty to a contract, including derivatives contracts, may default or otherwise become unable to honor a financial obligation. Changes in an issuer's credit rating or the market's perception of an issuer's creditworthiness also may affect the value of the portfolio's investment in that issuer.


DERIVATIVES RISK


Derivatives are financial contracts whose value depends on, or is derived from, the value of an underlying asset, reference rate or index. The portfolio typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or currency risk. The portfolio also may use derivatives for leverage. The portfolio's use of derivative instruments, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives are subject to a number of risks described elsewhere in this Prospectus, such as commodity exposure risks, correlation risk, liquidity risk, interest rate risk, market risk and credit risk. Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.


EXPOSURE RISK


The risk associated with investments (such as derivatives) or practices (such as short selling) that increase the amount of money the portfolio could gain or lose on an investment.


n  Hedged Exposure risk could multiply losses generated by a derivative or practice used for hedging purposes. Such losses should be substantially offset by gains on the hedged investment. However, while hedging can reduce or eliminate losses, it can also reduce or eliminate gains.


n  Speculative To the extent that a derivative or practice is not used as a hedge, the portfolio is directly exposed to its risks. Gains or losses from speculative positions in a derivative may be much greater than the derivative's original cost. For example, potential losses from commodity-linked notes or swap agreements, from writing uncovered call options and from speculative short sales are unlimited.


FIXED INCOME RISK


The market value of fixed income investments will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. During periods of falling interest rates, the values of outstanding fixed income securities and related financial instruments generally rise. Conversely, during periods of rising interest rates, the values of such securities and related financial instruments generally decline. Fixed income investments are also subject to credit risk.


FOCUS RISK


The portfolio will be exposed to the performance of commodities in the DJ-UBS Index, which may from time to time have a small number of commodity sectors (e.g., energy, metals or agricultural) representing a large portion of the index. As a result, the portfolio may be subject to greater volatility than if the index were more broadly diversified among commodity sectors. If the portfolio is exposed to a significant extent to a particular commodity or subset of commodities, the portfolio will be more exposed to the specific risks relating to such commodity or commodities and will be subject to greater volatility than if it were more broadly diversified among commodity sectors.


FUTURES CONTRACTS RISK


The risks associated with the portfolio's use of futures contracts and swaps and structured notes that reference the price of futures contracts include the risk that: (i) changes in the price of a futures contract may not always track the changes in market value of the underlying reference asset; (ii) trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts; and (iii) if the portfolio has insufficient cash to meet margin requirements, the portfolio may need to sell other investments, including at disadvantageous times.


INTEREST RATE RISK


Changes in interest rates may cause a decline in the market value of an investment. With bonds and other fixed income instruments, a rise in interest rates typically causes a fall in values, while a fall in interest rates typically causes a rise in values. Generally, the longer the maturity or duration of a debt instrument, the greater the impact of a change in interest on the instrument's value.


LEVERAGING RISK


The portfolio may invest in certain derivatives that provide leveraged exposure. The portfolio's investment in these instruments generally requires a small investment relative to the amount of investment exposure assumed. As a result, such investments may cause the portfolio to lose more than the amount it invested in those instruments. The net asset value of the portfolio when employing leverage will be more volatile and sensitive to market movements. Leverage may involve the creation of a liability that requires the portfolio to pay interest.


LIQUIDITY RISK


Certain portfolio holdings, such as commodity-linked notes and swaps, may be difficult or impossible to sell at the time and the price that the portfolio would like. The portfolio may have to lower the price, sell other holdings instead or forgo an investment opportunity. Any of these could have a negative effect on portfolio management or performance.


MARKET RISK


The market value of a security may fluctuate, sometimes rapidly and unpredictably. These fluctuations, which are often referred to as "volatility," may cause an instrument to be worth less than it was worth at an earlier time. Market risk may affect a single issuer, industry, commodity, sector of the economy, or the market as a whole. Market risk is common to most investments – including stocks, bonds and commodities, and the mutual funds that invest in them.


Bonds and other fixed income securities generally involve less market risk than stocks and commodities. The risk of bonds can vary significantly depending upon factors such as issuer and maturity. The bonds of some companies may be riskier than the stocks of others.


NON-DIVERSIFIED STATUS


The portfolio is considered a non-diversified investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is permitted to invest a greater proportion of its assets in the securities of a smaller number of issuers. As a result, the portfolio may be subject to greater volatility with respect to its portfolio securities than a fund that is diversified.


PORTFOLIO TURNOVER RISK


The portfolio expects to engage in frequent trading of derivatives. Active and frequent trading may lead to the realization and distribution to shareholders of higher short-term capital gains, which would increase their tax liability. Frequent trading also increases transaction costs, which could detract from the portfolio's performance.


STRUCTURED NOTE RISK


The value of a structured note will be influenced by time to maturity, level of supply and demand for the type of note, interest rate and market volatility, changes in the issuer's credit rating, and economic, legal, political, or geographic events that affect the reference asset. In addition, there may be a lag between a change in the value of the underlying reference asset and the value of the structured note.


SUBSIDIARY RISK


By investing in the Subsidiary, the portfolio is indirectly exposed to the risks associated with the Subsidiary's investments. The derivatives and other investments held by the Subsidiary are generally similar to those that are permitted to be held by the portfolio and are subject to the same risks that apply to similar investments if held directly by the portfolio. These risks are described elsewhere in this Prospectus.


The Subsidiary is not registered under the 1940 Act and, unless otherwise noted in this Prospectus, is not subject to all the investor protections of the 1940 Act. However, the portfolio wholly owns and controls the Subsidiary, and the portfolio and the Subsidiary are both managed by Credit Suisse Asset Management, LLC ("Credit Suisse"), making it unlikely that the Subsidiary will take action contrary to the interests of the portfolio and its shareholders. The portfolio's Board of Trustees has oversight responsibility for the investment activities of the portfolio, including its investment in the Subsidiary, and the portfolio's role as sole shareholder of the Subsidiary. The Subsidiary will be subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the portfolio.


Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the portfolio and/or the Subsidiary to continue to operate as it does currently and could adversely affect the portfolio.


SWAP AGREEMENTS RISK


Swap agreements involve the risk that the party with whom the portfolio has entered into the swap will default on its obligation to pay the portfolio and the risk that the portfolio will not be able to meet its obligations to pay the other party to the agreement.


TAX RISK


In order to qualify as a Regulated Investment Company (a "RIC") under the Internal Revenue Code of 1986, as amended (the "Code"), the portfolio must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. The Internal Revenue Service ("IRS") has issued a ruling that income realized from certain types of commodity-linked derivatives would not be qualifying income. As a result, the portfolio's ability to realize income from investments in such commodity-linked derivatives as part of its investment strategy must be limited to a maximum of 10% of its gross income. If the portfolio fails to qualify as a RIC, the portfolio will be subject to federal income tax on its net income at regular corporate rates (without reduction for distributions to shareholders). When distributed, that income also would be taxable to shareholders as an ordinary dividend to the extent attributable to the portfolio's earnings and profits. If the portfolio were to fail to qualify as a RIC and became subject to federal income tax, shareholders of the portfolio would be subject to diminished returns.


The portfolio has obtained a private letter ruling from the IRS confirming that the income produced by certain types of structured notes constitutes "qualifying income" under the Code. In addition, the IRS has issued a private letter ruling to the portfolio confirming that income derived from the portfolio's investment in its Subsidiary will also constitute qualifying income to the portfolio. Based on such rulings, the portfolio seeks to gain exposure to the commodity markets primarily through investments in the Subsidiary, which invests in commodity-linked swaps, commodity futures and other derivatives, and directly through investments in commodity index-linked notes.


The IRS has recently announced an internal review of its regulatory approach with respect to commodity-related investments by U.S. mutual funds. The IRS has placed a moratorium on the issuance of any additional private letter rulings to U.S. mutual funds.


The IRS, after completion of its internal review, may significantly change its regulatory approach and adopt a regulatory approach to commodity-related investments resulting in significant restrictions on the portfolio's ability to invest as previously anticipated.


U.S. GOVERNMENT SECURITIES RISK


Obligations of U.S. government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. government. No assurance can be given that the U.S. government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

PERFORMANCE

The accompanying bar chart and table provide an indication of the risks of investing in the portfolio. The bar chart shows you how portfolio performance has varied from year to year for up to 10 years. The table compares the portfolio's performance over time to that of a broad-based securities market index. The table also compares the portfolio's performance to the DJ-UBS Index, which is currently composed of futures contracts on 22 physical commodities. The bar chart and table do not reflect additional charges and expenses which are, or may be, imposed under the variable contracts or plans; such charges and expenses are described in the prospectus of the insurance company separate account or in the plan documents or other informational materials supplied by plan sponsors. Inclusion of these charges would reduce the total return for the periods shown. As with all mutual funds, past performance is not a prediction of future performance.


The portfolio makes updated performance available at the portfolio's website (www.credit-suisse.com/us/funds) or by calling Credit Suisse Funds at 877-870-2874.

YEAR-BY-YEAR TOTAL RETURNS
Bar Chart

 YEAR ENDED 12/31:


Best quarter: 16.74% (Q2 08)
Worst quarter: -28.82% (Q4 08)
Inception date: 2/28/06

AVERAGE ANNUAL TOTAL RETURNS
Average Annual Returns Commodity Return Strategy Portfolio
One Year 2012
Five Years 2008-2012
Life of Portfolio
Inception Date
Class 1
(2.09%) (4.60%) (0.21%) Feb. 28, 2006
DOW JONES-UBS COMMODITY INDEX TOTAL RETURN (REFLECTS NO DEDUCTIONS FOR FEES OR EXPENSES)
(1.06%) (5.17%) (0.71%)  
STANDARD & POOR'S 500 INDEX (REFLECTS NO DEDUCTIONS FOR FEES OR EXPENSES)
16.00% 1.66% 3.77%  
XML 14 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.1.0.1 * */ var moreDialog = null; var Show = { Default:'raw', more:function( obj ){ var bClosed = false; if( moreDialog != null ) { try { bClosed = moreDialog.closed; } catch(e) { //Per article at http://support.microsoft.com/kb/244375 there is a problem with the WebBrowser control // that somtimes causes it to throw when checking the closed property on a child window that has been //closed. So if the exception occurs we assume the window is closed and move on from there. bClosed = true; } if( !bClosed ){ moreDialog.close(); } } obj = obj.parentNode.getElementsByTagName( 'pre' )[0]; var hasHtmlTag = false; var objHtml = ''; var raw = ''; //Check for raw HTML var nodes = obj.getElementsByTagName( '*' ); if( nodes.length ){ objHtml = obj.innerHTML; }else{ if( obj.innerText ){ raw = obj.innerText; }else{ raw = obj.textContent; } var matches = raw.match( /<\/?[a-zA-Z]{1}\w*[^>]*>/g ); if( matches && matches.length ){ objHtml = raw; //If there is an html node it will be 1st or 2nd, // but we can check a little further. var n = Math.min( 5, matches.length ); for( var i = 0; i < n; i++ ){ var el = matches[ i ].toString().toLowerCase(); if( el.indexOf( '= 0 ){ hasHtmlTag = true; break; } } } } if( objHtml.length ){ var html = ''; if( hasHtmlTag ){ html = objHtml; }else{ html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ objHtml + "\n"+''+ "\n"+''; } moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write( html ); moreDialog.document.close(); if( !hasHtmlTag ){ moreDialog.document.body.style.margin = '0.5em'; } } else { //default view logic var lines = raw.split( "\n" ); var longest = 0; if( lines.length > 0 ){ for( var p = 0; p < lines.length; p++ ){ longest = Math.max( longest, lines[p].length ); } } //Decide on the default view this.Default = longest < 120 ? 'raw' : 'formatted'; //Build formatted view var text = raw.split( "\n\n" ) >= raw.split( "\r\n\r\n" ) ? raw.split( "\n\n" ) : raw.split( "\r\n\r\n" ) ; var formatted = ''; if( text.length > 0 ){ if( text.length == 1 ){ text = raw.split( "\n" ) >= raw.split( "\r\n" ) ? raw.split( "\n" ) : raw.split( "\r\n" ) ; formatted = "

"+ text.join( "

\n" ) +"

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

" + text[p] + "

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

' + raw + '

'; } html = ''+ "\n"+''+ "\n"+' Report Preview Details'+ "\n"+' '+ "\n"+''+ "\n"+''+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+' '+ "\n"+'
'+ "\n"+' formatted: '+ ( this.Default == 'raw' ? 'as Filed' : 'with Text Wrapped' ) +''+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+' '+ "\n"+'
'+ "\n"+''+ "\n"+''; moreDialog = window.open("","More","width=700,height=650,status=0,resizable=yes,menubar=no,toolbar=no,scrollbars=yes"); moreDialog.document.write(html); moreDialog.document.close(); this.toggle( moreDialog ); } moreDialog.document.title = 'Report Preview Details'; }, toggle:function( win, domLink ){ var domId = this.Default; var doc = win.document; var domEl = doc.getElementById( domId ); domEl.style.display = 'block'; this.Default = domId == 'raw' ? 'formatted' : 'raw'; if( domLink ){ domLink.innerHTML = this.Default == 'raw' ? 'with Text Wrapped' : 'as Filed'; } var domElOpposite = doc.getElementById( this.Default ); domElOpposite.style.display = 'none'; }, LastAR : null, showAR : function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }, toggleNext : function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }, hideAR : function(){ Show.LastAR.style.display = 'none'; } }
XML 15 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Commodity Return Strategy Portfolio
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The portfolio seeks total return.

Expense [Heading] rr_ExpenseHeading FEES AND PORTFOLIO EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

The accompanying table describes the fees and expenses you may pay if you buy and hold shares of the portfolio. The fee table and the expense example do not reflect expenses incurred from investing through a variable contract or qualified plan and do not reflect variable annuity or life insurance contract charges. If they did, the overall fees and expenses would be higher than those shown. Detailed information about the cost of investing in the portfolio through a variable contract or qualified plan is presented in the contract prospectus through which the portfolio's shares are offered to you or in the plan documents or other informational materials supplied by plan sponsors.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment) N/A
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual portfolio operating expenses (expenses that you pay as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The computation of the portfolio's portfolio turnover rate for regulatory purposes excludes trades of derivatives and instruments with a maturity of one year or less. However, the portfolio expects to engage in frequent trading of derivatives, which could have tax consequences that impact shareholders, such as the realization of taxable short-term capital gains. In addition, the portfolio could incur transaction costs, such as commissions, when it buys and sells securities and other instruments. Transaction costs, which are not reflected in annual portfolio operating expenses or in the example, affect the portfolio's performance. During the most recent fiscal year, the portfolio's portfolio turnover rate was 84% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 84.00%
Expenses Represent Both Master and Feeder [Text] rr_ExpensesRepresentBothMasterAndFeeder The portfolio invests in Credit Suisse Cayman Commodity Fund II, Ltd., a wholly-owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). "Other Expenses" include expenses of both the portfolio and the subsidiary.
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The expense information in the table has been restated to reflect current fees.
Expense Example [Heading] rr_ExpenseExampleHeading EXAMPLE
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example may help you compare the cost of investing in the portfolio with the cost of investing in other mutual funds. The example does not include expenses incurred from investing through a variable annuity or life insurance contract or qualified plan. If the example included these expenses, the figures shown would be higher.


Assume you invest $10,000, the portfolio returns 5% annually, expense ratios remain the same and you close your account at the end of each of the time periods shown. Based on these assumptions, your cost would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The portfolio is designed to achieve positive total return relative to the performance of the Dow Jones-UBS Commodity Index Total Return ("DJ-UBS Index"). The portfolio intends to invest its assets in a combination of commodity-linked derivative instruments and fixed income securities. The portfolio gains exposure to commodities markets by investing through the Subsidiary and in structured notes linked to the DJ-UBS Index, other commodity indices, or the value of a particular commodity or commodity futures contract or subset of commodities or commodity futures contracts. The value of these investments will rise or fall in response to changes in the underlying index or commodity.


The portfolio may invest up to 25% of its total assets in the Credit Suisse Cayman Commodity Fund II, Ltd., a wholly owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). The portfolio will invest in the Subsidiary primarily to gain exposure to the commodities markets within the limitations of the federal tax laws, rules and regulations that apply to registered investment companies. Generally, the Subsidiary will invest in commodity-linked derivative instruments, but it will also invest in fixed income instruments, including U.S. government securities, U.S. government agency securities, corporate bonds, debentures and notes, mortgage-backed and other asset-backed securities, event-linked bonds, loan participations, bank certificates of deposit, fixed time deposits, bankers' acceptances, commercial paper and other short-term fixed income securities. The primary purpose of the fixed income instruments held by the Subsidiary will be to serve as collateral for the Subsidiary's derivative positions; however, these instruments are also expected to earn income for the Subsidiary.


The portfolio invests in a portfolio of fixed income securities normally having an average duration of one year or less, and emphasizes investment-grade fixed income securities.

Risk [Heading] rr_RiskHeading PRINCIPAL RISKS OF INVESTING IN THE PORTFOLIO
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

A WORD ABOUT RISK


All investments involve some level of risk. Simply defined, risk is the possibility that you will lose money or not make money.


Principal risk factors for the portfolio are discussed below. Before you invest, please make sure you understand the risks that apply to the portfolio. As with any mutual fund, you could lose money over any period of time.


The portfolio is not a complete investment program and should only form a small part of a diversified portfolio. At any time, the risk of loss associated with a particular instrument in the portfolio's portfolio may be significantly higher than 50% of the value of the investment. Investors in the portfolio should be willing to assume the greater risks of potentially significant short-term share price fluctuations.


Investments in the portfolio are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.


COMMODITY EXPOSURE RISKS


The portfolio's and the Subsidiary's investments in commodity-linked derivative instruments may subject the portfolio to greater volatility than investments in traditional securities, particularly if the instruments involve leverage. The value of commodity-linked derivative instruments may be affected by changes in overall market movements, commodity index volatility, changes in interest rates, or factors affecting a particular industry or commodity, such as drought, floods, weather, livestock disease, embargoes, tariffs and international economic, political and regulatory developments.


Use of leveraged commodity-linked derivatives creates an opportunity for increased return but, at the same time, creates the possibility for greater loss (including the likelihood of greater volatility of the portfolio's net asset value), and there can be no assurance that the portfolio's use of leverage will be successful.


CORRELATION RISK


Changes in the value of a hedging instrument may not match those of the investment being hedged. In addition, certain of the portfolio's commodity-linked derivative investments may result in the portfolio's performance diverging from the DJ-UBS Index, perhaps materially. For example, a structured note can be structured to limit the loss or the gain on the investment, which would result in the portfolio not participating in declines or increases in the DJ-UBS Index that exceed the limits.


CREDIT RISK


The issuer of a debt instrument or the counterparty to a contract, including derivatives contracts, may default or otherwise become unable to honor a financial obligation. Changes in an issuer's credit rating or the market's perception of an issuer's creditworthiness also may affect the value of the portfolio's investment in that issuer.


DERIVATIVES RISK


Derivatives are financial contracts whose value depends on, or is derived from, the value of an underlying asset, reference rate or index. The portfolio typically uses derivatives as a substitute for taking a position in the underlying asset and/or as part of a strategy designed to reduce exposure to other risks, such as interest rate or currency risk. The portfolio also may use derivatives for leverage. The portfolio's use of derivative instruments, particularly commodity-linked derivatives, involves risks different from, or possibly greater than, the risks associated with investing directly in securities and other traditional investments. Derivatives are subject to a number of risks described elsewhere in this Prospectus, such as commodity exposure risks, correlation risk, liquidity risk, interest rate risk, market risk and credit risk. Also, suitable derivative transactions may not be available in all circumstances and there can be no assurance that the portfolio will engage in these transactions to reduce exposure to other risks when that would be beneficial.


EXPOSURE RISK


The risk associated with investments (such as derivatives) or practices (such as short selling) that increase the amount of money the portfolio could gain or lose on an investment.


n  Hedged Exposure risk could multiply losses generated by a derivative or practice used for hedging purposes. Such losses should be substantially offset by gains on the hedged investment. However, while hedging can reduce or eliminate losses, it can also reduce or eliminate gains.


n  Speculative To the extent that a derivative or practice is not used as a hedge, the portfolio is directly exposed to its risks. Gains or losses from speculative positions in a derivative may be much greater than the derivative's original cost. For example, potential losses from commodity-linked notes or swap agreements, from writing uncovered call options and from speculative short sales are unlimited.


FIXED INCOME RISK


The market value of fixed income investments will change in response to interest rate changes and other factors, such as changes in the effective maturities and credit ratings of fixed income investments. During periods of falling interest rates, the values of outstanding fixed income securities and related financial instruments generally rise. Conversely, during periods of rising interest rates, the values of such securities and related financial instruments generally decline. Fixed income investments are also subject to credit risk.


FOCUS RISK


The portfolio will be exposed to the performance of commodities in the DJ-UBS Index, which may from time to time have a small number of commodity sectors (e.g., energy, metals or agricultural) representing a large portion of the index. As a result, the portfolio may be subject to greater volatility than if the index were more broadly diversified among commodity sectors. If the portfolio is exposed to a significant extent to a particular commodity or subset of commodities, the portfolio will be more exposed to the specific risks relating to such commodity or commodities and will be subject to greater volatility than if it were more broadly diversified among commodity sectors.


FUTURES CONTRACTS RISK


The risks associated with the portfolio's use of futures contracts and swaps and structured notes that reference the price of futures contracts include the risk that: (i) changes in the price of a futures contract may not always track the changes in market value of the underlying reference asset; (ii) trading restrictions or limitations may be imposed by an exchange, and government regulations may restrict trading in futures contracts; and (iii) if the portfolio has insufficient cash to meet margin requirements, the portfolio may need to sell other investments, including at disadvantageous times.


INTEREST RATE RISK


Changes in interest rates may cause a decline in the market value of an investment. With bonds and other fixed income instruments, a rise in interest rates typically causes a fall in values, while a fall in interest rates typically causes a rise in values. Generally, the longer the maturity or duration of a debt instrument, the greater the impact of a change in interest on the instrument's value.


LEVERAGING RISK


The portfolio may invest in certain derivatives that provide leveraged exposure. The portfolio's investment in these instruments generally requires a small investment relative to the amount of investment exposure assumed. As a result, such investments may cause the portfolio to lose more than the amount it invested in those instruments. The net asset value of the portfolio when employing leverage will be more volatile and sensitive to market movements. Leverage may involve the creation of a liability that requires the portfolio to pay interest.


LIQUIDITY RISK


Certain portfolio holdings, such as commodity-linked notes and swaps, may be difficult or impossible to sell at the time and the price that the portfolio would like. The portfolio may have to lower the price, sell other holdings instead or forgo an investment opportunity. Any of these could have a negative effect on portfolio management or performance.


MARKET RISK


The market value of a security may fluctuate, sometimes rapidly and unpredictably. These fluctuations, which are often referred to as "volatility," may cause an instrument to be worth less than it was worth at an earlier time. Market risk may affect a single issuer, industry, commodity, sector of the economy, or the market as a whole. Market risk is common to most investments – including stocks, bonds and commodities, and the mutual funds that invest in them.


Bonds and other fixed income securities generally involve less market risk than stocks and commodities. The risk of bonds can vary significantly depending upon factors such as issuer and maturity. The bonds of some companies may be riskier than the stocks of others.


NON-DIVERSIFIED STATUS


The portfolio is considered a non-diversified investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is permitted to invest a greater proportion of its assets in the securities of a smaller number of issuers. As a result, the portfolio may be subject to greater volatility with respect to its portfolio securities than a fund that is diversified.


PORTFOLIO TURNOVER RISK


The portfolio expects to engage in frequent trading of derivatives. Active and frequent trading may lead to the realization and distribution to shareholders of higher short-term capital gains, which would increase their tax liability. Frequent trading also increases transaction costs, which could detract from the portfolio's performance.


STRUCTURED NOTE RISK


The value of a structured note will be influenced by time to maturity, level of supply and demand for the type of note, interest rate and market volatility, changes in the issuer's credit rating, and economic, legal, political, or geographic events that affect the reference asset. In addition, there may be a lag between a change in the value of the underlying reference asset and the value of the structured note.


SUBSIDIARY RISK


By investing in the Subsidiary, the portfolio is indirectly exposed to the risks associated with the Subsidiary's investments. The derivatives and other investments held by the Subsidiary are generally similar to those that are permitted to be held by the portfolio and are subject to the same risks that apply to similar investments if held directly by the portfolio. These risks are described elsewhere in this Prospectus.


The Subsidiary is not registered under the 1940 Act and, unless otherwise noted in this Prospectus, is not subject to all the investor protections of the 1940 Act. However, the portfolio wholly owns and controls the Subsidiary, and the portfolio and the Subsidiary are both managed by Credit Suisse Asset Management, LLC ("Credit Suisse"), making it unlikely that the Subsidiary will take action contrary to the interests of the portfolio and its shareholders. The portfolio's Board of Trustees has oversight responsibility for the investment activities of the portfolio, including its investment in the Subsidiary, and the portfolio's role as sole shareholder of the Subsidiary. The Subsidiary will be subject to the same investment restrictions and limitations, and follow the same compliance policies and procedures, as the portfolio.


Changes in the laws of the United States and/or the Cayman Islands could result in the inability of the portfolio and/or the Subsidiary to continue to operate as it does currently and could adversely affect the portfolio.


SWAP AGREEMENTS RISK


Swap agreements involve the risk that the party with whom the portfolio has entered into the swap will default on its obligation to pay the portfolio and the risk that the portfolio will not be able to meet its obligations to pay the other party to the agreement.


TAX RISK


In order to qualify as a Regulated Investment Company (a "RIC") under the Internal Revenue Code of 1986, as amended (the "Code"), the portfolio must meet certain requirements regarding the source of its income, the diversification of its assets and the distribution of its income. The Internal Revenue Service ("IRS") has issued a ruling that income realized from certain types of commodity-linked derivatives would not be qualifying income. As a result, the portfolio's ability to realize income from investments in such commodity-linked derivatives as part of its investment strategy must be limited to a maximum of 10% of its gross income. If the portfolio fails to qualify as a RIC, the portfolio will be subject to federal income tax on its net income at regular corporate rates (without reduction for distributions to shareholders). When distributed, that income also would be taxable to shareholders as an ordinary dividend to the extent attributable to the portfolio's earnings and profits. If the portfolio were to fail to qualify as a RIC and became subject to federal income tax, shareholders of the portfolio would be subject to diminished returns.


The portfolio has obtained a private letter ruling from the IRS confirming that the income produced by certain types of structured notes constitutes "qualifying income" under the Code. In addition, the IRS has issued a private letter ruling to the portfolio confirming that income derived from the portfolio's investment in its Subsidiary will also constitute qualifying income to the portfolio. Based on such rulings, the portfolio seeks to gain exposure to the commodity markets primarily through investments in the Subsidiary, which invests in commodity-linked swaps, commodity futures and other derivatives, and directly through investments in commodity index-linked notes.


The IRS has recently announced an internal review of its regulatory approach with respect to commodity-related investments by U.S. mutual funds. The IRS has placed a moratorium on the issuance of any additional private letter rulings to U.S. mutual funds.


The IRS, after completion of its internal review, may significantly change its regulatory approach and adopt a regulatory approach to commodity-related investments resulting in significant restrictions on the portfolio's ability to invest as previously anticipated.


U.S. GOVERNMENT SECURITIES RISK


Obligations of U.S. government agencies and authorities are supported by varying degrees of credit but generally are not backed by the full faith and credit of the U.S. government. No assurance can be given that the U.S. government will provide financial support to its agencies and authorities if it is not obligated by law to do so.

Risk Lose Money [Text] rr_RiskLoseMoney Simply defined, risk is the possibility that you will lose money or not make money.
Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus The portfolio is considered a non-diversified investment company under the Investment Company Act of 1940, as amended (the "1940 Act"), and is permitted to invest a greater proportion of its assets in the securities of a smaller number of issuers. As a result, the portfolio may be subject to greater volatility with respect to its portfolio securities than a fund that is diversified.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Investments in the portfolio are not bank deposits and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The accompanying bar chart and table provide an indication of the risks of investing in the portfolio. The bar chart shows you how portfolio performance has varied from year to year for up to 10 years. The table compares the portfolio's performance over time to that of a broad-based securities market index. The table also compares the portfolio's performance to the DJ-UBS Index, which is currently composed of futures contracts on 22 physical commodities. The bar chart and table do not reflect additional charges and expenses which are, or may be, imposed under the variable contracts or plans; such charges and expenses are described in the prospectus of the insurance company separate account or in the plan documents or other informational materials supplied by plan sponsors. Inclusion of these charges would reduce the total return for the periods shown. As with all mutual funds, past performance is not a prediction of future performance.


The portfolio makes updated performance available at the portfolio's website (www.credit-suisse.com/us/funds) or by calling Credit Suisse Funds at 877-870-2874.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The accompanying bar chart and table provide an indication of the risks of investing in the portfolio. The bar chart shows you how portfolio performance has varied from year to year for up to 10 years.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex The table also compares the portfolio's performance to the DJ-UBS Index, which is currently composed of futures contracts on 22 physical commodities.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 877-870-2874
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.credit-suisse.com/us/funds
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture As with all mutual funds, past performance is not a prediction of future performance.
Bar Chart [Heading] rr_BarChartHeading YEAR-BY-YEAR TOTAL RETURNS
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

 YEAR ENDED 12/31:


Best quarter: 16.74% (Q2 08)
Worst quarter: -28.82% (Q4 08)
Inception date: 2/28/06

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2008
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.74%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (28.82%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (REFLECTS NO DEDUCTIONS FOR FEES OR EXPENSES)
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS
DOW JONES-UBS COMMODITY INDEX TOTAL RETURN (REFLECTS NO DEDUCTIONS FOR FEES OR EXPENSES)
 
Risk/Return: rr_RiskReturnAbstract  
One Year 2012 rr_AverageAnnualReturnYear01 (1.06%)
Five Years 2008-2012 rr_AverageAnnualReturnYear05 (5.17%)
Life of Portfolio rr_AverageAnnualReturnSinceInception (0.71%)
STANDARD & POOR'S 500 INDEX (REFLECTS NO DEDUCTIONS FOR FEES OR EXPENSES)
 
Risk/Return: rr_RiskReturnAbstract  
One Year 2012 rr_AverageAnnualReturnYear01 16.00%
Five Years 2008-2012 rr_AverageAnnualReturnYear05 1.66%
Life of Portfolio rr_AverageAnnualReturnSinceInception 3.77%
Class 1
 
Risk/Return: rr_RiskReturnAbstract  
Management fee rr_ManagementFeesOverAssets 0.50%
Distribution and service (12b-1) fee rr_DistributionAndService12b1FeesOverAssets 0.25%
Other expenses rr_OtherExpensesOverAssets 0.59% [1],[2]
Total annual portfolio operating expenses rr_ExpensesOverAssets 1.34% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 136
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 425
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 734
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,613
Annual Return 2006 rr_AnnualReturn2006 6.36%
Annual Return 2007 rr_AnnualReturn2007 17.33%
Annual Return 2008 rr_AnnualReturn2008 (33.72%)
Annual Return 2009 rr_AnnualReturn2009 19.48%
Annual Return 2010 rr_AnnualReturn2010 16.66%
Annual Return 2011 rr_AnnualReturn2011 (12.65%)
Annual Return 2012 rr_AnnualReturn2012 (2.09%)
One Year 2012 rr_AverageAnnualReturnYear01 (2.09%)
Five Years 2008-2012 rr_AverageAnnualReturnYear05 (4.60%)
Life of Portfolio rr_AverageAnnualReturnSinceInception (0.21%)
Inception Date rr_AverageAnnualReturnInceptionDate Feb. 28, 2006
[1] The portfolio invests in Credit Suisse Cayman Commodity Fund II, Ltd., a wholly-owned subsidiary of the portfolio organized under the laws of the Cayman Islands (the "Subsidiary"). "Other Expenses" include expenses of both the portfolio and the subsidiary.
[2] The expense information in the table has been restated to reflect current fees.