0001193125-15-068081.txt : 20150227 0001193125-15-068081.hdr.sgml : 20150227 20150227111137 ACCESSION NUMBER: 0001193125-15-068081 CONFORMED SUBMISSION TYPE: N-CSR PUBLIC DOCUMENT COUNT: 8 CONFORMED PERIOD OF REPORT: 20141231 FILED AS OF DATE: 20150227 DATE AS OF CHANGE: 20150227 EFFECTIVENESS DATE: 20150227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Sterling Capital Variable Insurance Funds CENTRAL INDEX KEY: 0001311261 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: N-CSR SEC ACT: 1940 Act SEC FILE NUMBER: 811-21682 FILM NUMBER: 15655803 BUSINESS ADDRESS: STREET 1: 434 FAYETTEVILLE STREET MALL CITY: RALEIGH STATE: NC ZIP: 27601 BUSINESS PHONE: 800-228-1872 MAIL ADDRESS: STREET 1: 434 FAYETTEVILLE STREET MALL STREET 2: 5TH FLOOR CITY: RALEIGH STATE: NC ZIP: 27601 FORMER COMPANY: FORMER CONFORMED NAME: BB&T Variable Insurance Funds DATE OF NAME CHANGE: 20110228 FORMER COMPANY: FORMER CONFORMED NAME: Sterling Capital Variable Insurance Funds DATE OF NAME CHANGE: 20110224 FORMER COMPANY: FORMER CONFORMED NAME: BB&T Variable Insurance Funds DATE OF NAME CHANGE: 20041210 0001311261 S000012130 STERLING CAPITAL EQUITY INCOME VARIABLE INSURANCE FUND C000033085 STERLING CAPITAL EQUITY INCOME VARIABLE INSURANCE FUND QBSEFX 0001311261 S000012134 STERLING CAPITAL SPECIAL OPPORTUNITIES VARIABLE INSURANCE FUND C000033089 STERLING CAPITAL SPECIAL OPPORTUNITIES VARIABLE INSURANCE FUND QBSOEX 0001311261 S000012135 STERLING CAPITAL TOTAL RETURN BOND VARIABLE INSURANCE FUND C000033090 STERLING CAPITAL TOTAL RETURN BOND VARIABLE INSURANCE FUND QBTRBX N-CSR 1 d857312dncsr.htm STERLING CAPITAL VARIABLE INSURANCE FUNDS STERLING CAPITAL VARIABLE INSURANCE FUNDS

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number             811-21682            

                    Sterling Capital Variable Insurance Funds                    

(Exact name of registrant as specified in charter)

434 Fayetteville Street, 5th Floor

                                 Raleigh, NC 27601-0575                                

(Address of principal executive offices) (Zip code)

James T. Gillespie, President

Sterling Capital Variable Insurance Funds

434 Fayetteville Street, 5th Floor

                    Raleigh, NC 27601-0575                    

(Name and address of agent for service)

Registrant’s telephone number, including area code:  (800) 228-1872

Date of fiscal year end:  December 31

Date of reporting period:   December 31, 2014

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.


Item 1. Reports to Stockholders.

The Report to Shareholders is attached herewith.


 

Sterling Capital Variable Insurance Funds

 

    Table of Contents

 

 

 

Fund Summary

Sterling Capital Equity Income VIF

  2   

Sterling Capital Special Opportunities VIF

  3   

Sterling Capital Total Return Bond VIF

  4   

Summary of Portfolio Holdings

  5   

Expense Example

  6   

Schedules of Portfolio Investments

  7   

Sterling Capital Equity Income VIF

  7   

Sterling Capital Special Opportunities VIF

  8   

Sterling Capital Total Return Bond VIF

  9   

Financial Statements

  14   

Notes to Financial Statements

  20   

Report of Independent Registered Public Accounting Firm

  26   

Notice to Shareholders

  27   

Other Information

  28   

Board of Trustees

  31   

 


Sterling Capital Equity Income VIF

Performance Overview 12/31/2004 - 12/31/2014

Growth of a $10,000 investment

 

LOGO

Portfolio Manager

George F. Shipp, CFA

Senior Managing Director and portfolio manager

Sterling Capital Management LLC

Average Annual Returns

 

 
     1 Year      5 Years      10 Years  

 

 

Sterling Capital Equity Income VIF

     4.08%         8.51%         3.13%   

 

 

S&P 500® Index

     13.69%         15.45%         7.67%   

 

 

The chart represents a comparison of a hypothetical $10,000 investment in the indicated Fund versus a similar investment in the Fund’s benchmark, and includes the reinvestment of distributions. The returns include the Fund level expenses, but do not include fees charged by participating insurance companies. These charges and fees will reduce returns. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains, and do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment.

Investment Considerations

Equity securities (stocks) are more volatile and carry more risk. The net asset value per share of the Fund will fluctuate as the value of the securities in the portfolio changes. Value-based investments are subject to the risk that the broad market may not recognize their intrinsic value.

 

 

 

 

Q. How did the Fund perform during the 12-month period between January 1, 2014 and December 31, 2014?

A. The Fund underperformed its benchmark, the S&P 500® Index.

Q. What factors affected the Fund’s performance?

A. The Fund holds only companies with established track records of consistently paying and raising their dividends.

The U.S. stock market in general performed well during the period, posting its sixth consecutive year of gains. Equity markets benefited from the Federal Reserve’s accommodative monetary policies that kept interest rates low, as well as from the relatively strong growth in the U.S. economy.

Even so, dividend growth and high returns on equity — two key components of the Fund’s strategy — were poor performing factors in 2014. While the U.S. economy posted strong growth, the same was not true for other developed economies. Overseas exposure was the single worst-performing factor for the Fund during the period, as the Fund’s holdings of large-cap multinationals were hurt by the weaker overseas markets.

The Fund underperformed its benchmark as equity income holdings generally lagged the broader equity market returns. This underperformance came about despite an above-benchmark 14% average increase in dividends from the Fund’s underlying holdings at year end.

The absence of real estate investment trusts and utilities in the Fund’s holdings also detracted from performance, as those were top performing sectors for the benchmark amid falling interest rates. Stock selection dragged on results as well, with holdings of a leading toy and game manufacturer detracting from relative performance as that company struggled to generate must-have industry hits in 2014. The Fund’s cash holdings weighed on relative returns compared to the strong gains

posted by the fully invested benchmark.

The Fund’s overweight position in the energy sector dragged on relative performance, as that was the stock market’s only negative sector in 2014 due to the dramatic decline in oil prices late in the period. However, stock selection in this sector more than offset the impacts of the sector weighting, on a relative basis. In particular, holdings of the nation’s largest pipeline system helped boost the Fund’s relative returns as the company made strategic moves to enhance future growth. While the Fund’s energy holdings outperformed the benchmark’s energy holdings, they still detracted from the Fund’s absolute performance.

Stock selection in the technology sector also contributed positively to the Fund’s relative performance. In particular, the Fund held shares of several of the market’s strongest performing companies, including a leading microchip manufacturer and the world’s leading software maker. Overweight positions in the healthcare and technology sectors also helped boost relative performance, as those sectors posted strong returns for the period. The Fund also benefited when a cable TV provider received a premium buyout offer during the period.

Portfolio composition is as of December 31, 2014, and is subject to change and risk.

The Fund is measured against the S&P 500® Index, a widely recognized, unmanaged index of common stocks. The index is unmanaged and does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. The Fund’s performance reflects the deduction of fees for these services. Investors cannot invest directly in an index, although they can invest in its underlying securities.

A portion of the Fund’s fees have been voluntarily reduced (See Note 4 in the Notes to the Financial Statements). If fees had not been reduced, the Fund’s total return for the periods would have been lower.

 

 

   
   


 

Sterling Capital Special Opportunities VIF

Performance Overview 12/31/2004 - 12/31/2014

Growth of a $10,000 investment

 

LOGO

Portfolio Manager

George F. Shipp, CFA

Senior Managing Director and portfolio manager

Sterling Capital Management LLC

Average Annual Returns

 

     1 Year      5 Years      10 Years  

 

 

Sterling Capital Special Opportunities VIF

     15.99%         13.53%         10.43%   

 

 

S&P 500® Index

     13.69%         15.45%         7.67%   

 

 

The chart represents a comparison of a hypothetical $10,000 investment in the indicated Fund versus a similar investment in the Fund’s benchmark, and includes the reinvestment of distributions. The returns include the Fund level expenses, but do not include fees charged by participating insurance companies. These charges and fees will reduce returns. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains, and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment.

Investment Considerations

Equity securities (stocks) are more volatile and carry more risk. The net asset value per share of the Fund will fluctuate as the value of the securities in the portfolio changes. A concentrated portfolio may add a measure of volatility to performance, as major fluctuations in any one holding will likely affect the Fund more than a fund with greater diversification.

 

 

 

 

Q. How did the Fund perform during the 12-month period between January 1, 2014 and December 31, 2014?

A. The Fund outperformed its benchmark, the S&P 500® Index.

Q. What factors affected the Fund’s performance?

A. The U.S. stock market in general performed well during the period, posting its sixth consecutive year of gains. Equity markets benefited from the Federal Reserve’s accommodative monetary policies that kept interest rates low, as well as from the relatively strong growth in the U.S. economy.

The low-interest rate environment helped keep investors interested in equity markets, in our view. Confidence in the strength of the U.S. economy also meant that as investors looked for opportunities, they tended to favor growth-oriented stocks for most of the period under review. This trend benefited the Fund’s strategy of focusing on secular growth opportunities. In particular, holdings exposed to broadband, internet security, and the housing and construction industries’ rebound contributed positively to the Fund’s absolute return. The Fund’s absolute return also benefited from owning a satellite TV company that received a premium buyout offer during the period.

The Fund outperformed its benchmark in large part due to stock selection. Within health care holdings, shares in the nation’s leading genetics testing company, leading managed care insurer, and leading hospital company were the year’s three largest contributors to absolute

return and contributed strongly to relative results as well. Close to a third of the Fund’s holdings for the period were smaller- and mid-cap, non-benchmark holdings, many of which performed well in 2014. Among those holdings were two real estate investment trusts that posted particularly strong performance due in part to the low-interest rate environment, but also to meaningful occupancy improvements.

The Fund’s energy holdings detracted from relative returns. In particular, holdings of an exploration and production company suffered from the sharp decline in crude oil prices. A lack of exposure to utilities — the benchmark’s top performing sector — also dragged on performance, as did the Fund’s cash holdings relative to the strong growth of the fully invested benchmark.

Portfolio composition is as of December 31, 2014, and is subject to change and risk.

The Fund is measured against the S&P 500® Index, a widely recognized, unmanaged index of common stocks. The index is unmanaged and does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. The Fund’s performance reflects the deduction of fees for these services. Investors cannot invest directly in an index, although they can invest in its underlying securities.

A portion of the Fund’s fees have been voluntarily reduced (See Note 4 in the Notes to the Financial Statements). If fees had not been reduced, the Fund’s total return for the periods would have been lower.

 

 

  3  
   


Sterling Capital Total Return Bond VIF

Performance Overview 12/31/2004 - 12/31/2014

Growth of a $10,000 investment

 

LOGO

Portfolio Managers

Mark Montgomery, CFA

Senior Managing Director and portfolio manager

Sterling Capital Management LLC

Richard T. LaCoff

Senior Managing Director and portfolio manager

Sterling Capital Management LLC

Average Annual Returns

 

 

 
     1 Year        5 Years        10 Years  

 

 

Sterling Capital Total Return Bond VIF

     5.44%         4.71%         4.76%   

 

 

Barclays U.S. Aggregate Bond Index

     5.97%         4.45%         4.71%   

 

 

The chart represents a comparison of a hypothetical $10,000 investment in the indicated Fund versus a similar investment in the Fund’s benchmark, and includes the reinvestment of distributions. The returns include the Fund level expenses, but do not include fees charged by participating insurance companies. These charges and fees will reduce returns. Past performance does not guarantee future results. The performance data quoted represents past performance and current returns may be lower or higher. Total return figures include change in share price, reinvestment of dividends and capital gains, and do not reflect taxes that a shareholder would pay on fund distributions or on the redemption of fund shares. The value of the contract will fluctuate so that when redeemed, it may be worth more or less than the original investment.

Investment Considerations

Bonds offer a relatively stable level of income, although bond prices will fluctuate providing the potential for principal gain or loss. Intermediate-term, higher-quality bonds generally offer less risk than longer-term bonds and a lower rate of return.

The Fund is subject to the risk that principal value tends to react in opposition to the movement of interest rates and that a rising interest rate environment increases the risk of loss of principal.

 

 

 

 

 

Q. How did the Fund perform during the 12-month period between January 1, 2014 and December 31, 2014?

A. The Fund underperformed its benchmark, the Barclays U.S. Aggregate Bond Index.

Q. What factors affected the Fund’s performance?

A. Fixed income markets benefited from a declining interest rate environment. Concerns about slowing global growth, as well as falling oil prices and low interest rates in many international markets, contributed to the decline in U.S. interest rates. Despite the strong economic growth in the United States, inflation remained in check. As a result, we believe investors largely overcame their concerns about a future rate increase by the Federal Reserve and drove up prices on U.S. treasuries.

The Fund lagged its benchmark slightly during the period. We decided to favor shorter duration securities relative to the benchmark as we assumed the Federal Reserve would take a less accommodating stance with its monetary policy. Likewise, our confidence in the ongoing improvement in the U.S. economy led us to take an overweight position in riskier assets, namely corporate bonds. While the economic forecast proved correct, slowing global growth and low overseas interest rates led investors to seek the relatively higher yields offered in U.S. markets, in our opinion. Moreover, we believe slowing global growth and falling oil prices drove investors to seek safety in higher quality assets, which caused credit spreads to widen as prices on Treasuries rose

faster than prices on corporate bonds.

The Fund’s relative performance benefited from intra-sector allocation decisions as well as stock selections. For example, within the corporate bond sector, we decided to hold an overweight position in financials (which outperformed the benchmark) and an underweight position in industrials (which lagged the benchmark). An overweight position to taxable municipal bonds within the government-related sector also boosted relative results, as that sub-sector outperformed for the period. Finally, the Fund’s allocation to commercial mortgage-backed securities within the securitized sector also contributed positively to relative performance.

Portfolio composition is as of December 31, 2014, and is subject to change and risk.

The Fund is measured against Barclays U.S. Aggregate Bond Index which is a market value-weighted performance benchmark for investment-grade fixed-rate debt issues, including government, corporate, asset-backed and mortgage-backed securities, with maturities of at least one year. The index is unmanaged and does not reflect the deduction of expenses associated with a mutual fund, such as investment management and fund accounting fees. The Fund’s performance reflects the deduction of fees for these services. Investors cannot invest directly in an index, although they can invest in its underlying securities.

A portion of the Fund’s fees have been voluntarily reduced (See Note 4 in the Notes to the Financial Statements). If fees had not been reduced, the Fund’s total return for the periods would have been lower.

 

 

  4  
   


Sterling Capital Variable Insurance Funds

 

Summary of Portfolio Holdings (Unaudited)

December 31, 2014

 

Each Sterling Capital Variable Insurance Fund’s portfolio composition at December 31, 2014 was as follows:

 

Sterling Capital Equity Income VIF

 

   Percentage
of net assets

Consumer Discretionary

       17.1 %

Consumer Staples

       14.2 %

Energy

       13.1 %

Financials

       8.2 %

Health Care

       21.1 %

Industrials

       8.0 %

Information Technology

       10.7 %

Materials

       2.1 %

Telecommunication Services

       3.8 %

Money Market Fund

       1.5 %
    

 

 

 
       99.8 %
    

 

 

 

Sterling Capital Special Opportunities VIF

 

    

Consumer Discretionary

       18.1 %

Consumer Staples

       3.6 %

Energy

       6.1 %

Financials

       9.4 %

Health Care

       12.9 %

Industrials

       11.7 %

Information Technology

       32.6 %

Money Market Fund

       5.6 %
    

 

 

 
       100.0 %
    

 

 

 

Sterling Capital Total Return Bond VIF

 

    

Asset Backed Securities

       10.5 %

Collateralized Mortgage Obligations

       10.2 %

Commercial Mortgage-Backed Securities

       17.2 %

Corporate Bonds

       34.8 %

Foreign Government Bonds

       0.9 %

Mortgage-Backed Securities

       10.8 %

Municipal Bonds

       9.9 %

Preferred Stocks

       1.2 %

U.S. Government Agencies

       0.1 %

U.S. Treasury Bonds

       1.9 %

U.S. Treasury Notes

       0.2 %

Money Market Fund

       1.6 %
    

 

 

 
       99.3 %
    

 

 

 

 

5


 

Sterling Capital Variable Insurance Funds

 

 

Expense Example (Unaudited)

December 31, 2014

 

 

As a shareholder of the Sterling Capital Variable Insurance Funds, you incur two types of costs: (1) transaction costs, and (2) ongoing costs, including management fees and other Fund expenses.

These examples are intended to help you understand your ongoing costs (in dollars) of investing in the Sterling Capital Variable Insurance Funds and to compare these costs with the ongoing costs of investing in other mutual funds.

These examples are based on an investment of $1,000 invested at the beginning of the period and held for the entire period from July 1, 2014 through December 31, 2014.

Actual Example

The table below provides information about actual account values and actual expenses. You may use the information below, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the table under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during this period.

 

     Beginning
Account Value
7/1/14
   Ending
Account Value
12/31/14
   Expenses Paid
During Period
7/1/14 - 12/31/14*
   Expense Ratio
During Period
7/1/14 - 12/31/14

Sterling Capital Equity Income VIF

     $ 1,000.00        $ 995.20        $ 5.88          1.17 %

Sterling Capital Special Opportunities VIF

       1,000.00          1,023.10          6.12          1.20 %

Sterling Capital Total Return Bond VIF

       1,000.00          1,011.80          5.93          1.17 %

 

*

Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by 184 (the number of days in the most recent fiscal half-year) divided by 365 (the number of days in the fiscal year). Expenses shown do not include annuity contract fees.

Hypothetical Example for Comparison Purposes

The table below provides information about hypothetical account values and hypothetical expenses based on each Sterling Capital Variable Insurance Fund’s actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Funds’ actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of other funds.

Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs. Therefore, the table is useful in comparing ongoing costs only, and will not help you determine the relative total costs of owning different funds. In addition, if these transactional costs were included, your costs would have been higher.

 

     Beginning
Account Value
7/1/14
   Ending
Account Value
12/31/14
   Expenses Paid
During Period
7/1/14 - 12/31/14*
   Expense Ratio
During Period
7/1/14 - 12/31/14

Sterling Capital Equity Income VIF

     $ 1,000.00        $ 1,019.31        $ 5.96          1.17 %

Sterling Capital Special Opportunities VIF

       1,000.00          1,019.16          6.11          1.20 %

Sterling Capital Total Return Bond VIF

       1,000.00          1,019.31          5.96          1.17 %

 

*

Expenses are equal to the average account value times the Fund’s annualized expense ratio multiplied by 184 (the number of days in the most recent fiscal half-year) divided by 365 (the number of days in the fiscal year). Expenses shown do not include annuity contract fees.

 

 

6


 

Sterling Capital Equity Income VIF

 

 

    Schedule of Portfolio Investments

December 31, 2014

 

 

    Shares    

      

  Fair Value  

 

COMMON STOCKS — 98.3%

   
  

Consumer Discretionary — 17.1%

   
4,000   

Dunkin’ Brands Group, Inc.

      $  170,600   
11,286   

Mattel, Inc.

      349,245   
6,130   

McDonald’s Corp.

      574,381   
5,700   

Omnicom Group, Inc.

      441,579   
24,220   

Pearson PLC, ADR

      446,859   
3,600   

Time Warner Cable, Inc.

      547,416   
      

 

 

 
         2,530,080   
      

 

 

 
  

Consumer Staples — 14.2%

   
10,000   

General Mills, Inc.

      533,300   
6,290   

PepsiCo, Inc.

      594,782   
4,800   

Philip Morris International, Inc.

      390,960   
14,385   

Unilever PLC, ADR

      582,305   
      

 

 

 
         2,101,347   
      

 

 

 
  

Energy — 13.1%

   
5,000   

Chevron Corp.

      560,900   
7,581   

Ensco PLC, Class A

      227,051   
14,500   

Kinder Morgan, Inc.

      613,495   
6,660   

Occidental Petroleum Corp.

      536,863   
      

 

 

 
         1,938,309   
      

 

 

 
  

Financials — 8.2%

   
7,000   

KKR & Co. LP

      162,470   
11,000   

MetLife, Inc.

      594,990   
4,402   

Travelers Cos., Inc. (The)

      465,952   
      

 

 

 
         1,223,412   
      

 

 

 
  

Health Care — 21.1%

   
9,635   

Abbott Laboratories

      433,768   
6,630   

AbbVie, Inc.

      433,867   
4,300   

Anthem, Inc.

      540,381   
7,980   

Baxter International, Inc.

      584,854   
6,200   

Novartis AG, ADR

      574,492   
18,260   

Pfizer, Inc.

      568,799   
      

 

 

 
         3,136,161   
      

 

 

 

    Shares    

      

  Fair Value  

 

COMMON STOCKS — (continued)

   
  

Industrials — 8.0%

   
23,400   

General Electric Co.

    $ 591,318   
5,300   

United Parcel Service, Inc., Class B

      589,201   
      

 

 

 
         1,180,519   
      

 

 

 
  

Information Technology — 10.7%

  

18,000   

Maxim Integrated Products, Inc.

      573,660   
9,190   

Microsoft Corp.

      426,875   
7,830   

QUALCOMM, Inc.

      582,004   
      

 

 

 
         1,582,539   
      

 

 

 
  

Materials — 2.1%

   
5,000   

Scotts Miracle-Gro Co. (The), Class A

      311,600   
      

 

 

 
  

Telecommunication Services — 3.8%

  

12,195   

Verizon Communications, Inc.

      570,482   
      

 

 

 
  

Total Common Stocks
(Cost $12,823,008)

      14,574,449   
      

 

 

 

MONEY MARKET FUND — 1.5%

   
219,986   

Federated Treasury Obligations Fund, Institutional Shares

      219,986   
      

 

 

 
  

Total Money Market Fund
(Cost $219,985)

      219,986   
      

 

 

 

Total Investments — 99.8%
(Cost $13,042,993)

      14,794,435   

Net Other Assets (Liabilities) — 0.2%

      30,272   
      

 

 

 

NET ASSETS — 100.0%

    $ 14,824,707   
      

 

 

 

ADR — American Depositary Receipt

 

 

 

 

See accompanying Notes to the Financial Statements.

 

7


 

Sterling Capital Special Opportunities VIF

 

 

Schedule of Portfolio Investments

December 31, 2014

 

 

    Shares    

      

  Fair Value  

 

COMMON STOCKS — 94.4%

   
  

Consumer Discretionary — 18.1%

  

27,000   

Comcast Corp., Class A

    $ 1,566,270   
17,000   

DIRECTV(a)

      1,473,900   
28,600   

Discovery Communications, Inc.,
Class C(a)

      964,392   
63,000   

Ford Motor Co.

      976,500   
      

 

 

 
         4,981,062   
      

 

 

 
  

Consumer Staples — 3.6%

   
27,000   

Mondelez International, Inc., Class A

      980,775   
      

 

 

 
  

Energy — 6.1%

   
18,000   

Cabot Oil & Gas Corp.

      532,980   
8,500   

EOG Resources, Inc.

      782,595   
9,000   

Halliburton Co.

      353,970   
      

 

 

 
         1,669,545   
      

 

 

 
  

Financials — 9.4%

   
8,616   

American Campus Communities, Inc., REIT

      356,358   
14,000   

Capital One Financial Corp.

      1,155,700   
15,500   

Och-Ziff Capital Management Group, LLC, Class A

      181,040   
17,100   

Ryman Hospitality Properties, Inc., REIT

      901,854   
      

 

 

 
         2,594,952   
      

 

 

 
  

Health Care — 12.9%

   
17,000   

HCA Holdings, Inc.(a)

      1,247,630   
7,800   

MEDNAX, Inc.(a)

      515,658   
19,500   

Myriad Genetics, Inc.(a)

      664,170   
11,000   

UnitedHealth Group, Inc.

      1,111,990   
      

 

 

 
         3,539,448   
      

 

 

 
  

Industrials — 11.7%

   
15,129   

Expeditors International of Washington, Inc.

      674,904   
7,500   

J.B. Hunt Transport Services, Inc.

      631,875   
24,000   

Nielsen NV

      1,073,520   

    Shares    

      

  Fair Value  

 

COMMON STOCKS — (continued)

   
  

Industrials — (continued)

   
13,000   

Verisk Analytics, Inc., Class A(a)

    $ 832,650   
      

 

 

 
         3,212,949   
      

 

 

 
  

Information Technology — 32.6%

  

40,000   

Activision Blizzard, Inc.

      806,000   
17,000   

Akamai Technologies, Inc.(a)

      1,070,320   
19,000   

Check Point Software
Technologies, Ltd.(a)

      1,492,830   
59,500   

Cisco Systems, Inc.

      1,654,993   
15,600   

Citrix Systems, Inc.(a)

      995,280   
24,500   

eBay, Inc.(a)

      1,374,940   
11,600   

Intuit, Inc.

      1,069,404   
17,000   

NCR Corp.(a)

      495,380   
      

 

 

 
         8,959,147   
      

 

 

 
  

Total Common Stocks
(Cost $17,095,086)

      25,937,878   
      

 

 

 

MONEY MARKET FUND — 5.6%

   
1,545,520   

Federated Treasury Obligations Fund, Institutional Shares

      1,545,520   
      

 

 

 
  

Total Money Market Fund
(Cost $1,545,520)

      1,545,520   
      

 

 

 

Total Investments — 100.0%
(Cost $18,640,606)

      27,483,398   

Net Other Assets (Liabilities) — (0.0)%

      (1,694
      

 

 

 

NET ASSETS — 100.0%

    $ 27,481,704   
      

 

 

 

 

(a) Represents non-income producing security.

REIT — Real Estate Investment Trust

 

 

 

See accompanying Notes to the Financial Statements.

 

8


 

Sterling Capital Total Return Bond VIF

 

 

Schedule of Portfolio Investments

December 31, 2014

 

 

  Principal    

  Amount    

       

    Fair Value  

 

ASSET BACKED SECURITIES — 10.5%

     
$   67,614       

Argent Securities, Inc. Pass Through Certificates, Series 2005-W3,
Class A2D, 0.510%, 11/25/35(a)

      $      64,953   
246,000       

Avis Budget Rental Car Funding AESOP, LLC, Series 2014-2A, Class A, 2.500%, 2/20/21(b)

        245,987   
30,000       

CarMax Auto Owner Trust,
Series 2013-2, Class A4, 0.840%, 11/15/18

        29,743   
102,000       

CarMax Auto Owner Trust,
Series 2014-2, Class A3, 0.980%, 1/15/19

        101,690   
140,000       

Chase Issuance Trust,
Series 2014-A2, Class A2, 2.770%, 3/15/23

        142,412   
200,000       

Discover Card Execution Note Trust, Series 2014-A4, Class A4, 2.120%, 12/15/21

        200,446   
100,000       

Ford Credit Auto Owner Trust 2014-REV2, Series 2014-2, Class A, 2.310%, 4/15/26(b)

        100,258   
66,617       

Long Beach Mortgage Loan Trust, Series 2006-WL2, Class 2A3, 0.370%, 1/25/36(a)

        64,631   
46,546       

Park Place Securities, Inc. Pass Through Certificates, Series 2005-WHQ1, Class M2,
0.670%, 3/25/35(a)

        46,195   
30,000       

SBA Tower Trust, Series 2014-1A, Class C, STEP, 2.898%, 10/15/44(b)

        30,079   
133,258       

Securitized Asset Backed Receivables, LLC Trust, Series 2005-OP2,
Class A2C, 0.490%, 10/25/35(a)

        129,214   
71,000       

World Omni Auto Receivables Trust, Series 2013-A, Class A3, 0.640%, 4/16/18

        70,955   
28,000       

World Omni Auto Receivables Trust, Series 2014-A, Class A3, 0.940%, 4/15/19

        27,950   
        

 

 

 
  

Total Asset Backed Securities
(Cost $1,247,679)

        1,254,513   
        

 

 

 

COLLATERALIZED MORTGAGE OBLIGATIONS — 10.2%

     
45,448       

Adjustable Rate Mortgage Trust, Series 2004-5, Class 4A1,
4.762%, 4/25/35(a)

        44,613   
39,344       

Banc of America Alternative Loan Trust, Series 2004-10, Class 1CB1, 6.000%, 11/25/34

        40,899   
76,930       

Banc of America Funding Trust, Series 2006-2, Class 3A1, 6.000%, 3/25/36

        77,140   
43,819       

Countrywide Alternative Loan Trust, Series 2004-22CB, Class 1A1, 6.000%, 10/25/34

        46,444   
73,598       

Fannie Mae, Series 2011-99, Class CV, 4.500%, 3/25/26

        81,095   
58,656       

Freddie Mac, Series 3768, Class V, 4.000%, 11/15/23

        63,123   
56,440       

Freddie Mac, Series 4287, Class V, 4.500%, 10/1/26

        62,656   
76,791       

Freddie Mac, Series 4323, Class VA, 4.000%, 3/15/27

        83,612   
134,554       

Freddie Mac, Series 4077, Class PJ, 3.500%, 11/15/40

        141,682   
66,799       

Freddie Mac, Series 4328, Class KD, 3.000%, 8/15/43

        68,608   
47,055       

MASTR Alternative Loan Trust,
Series 2004-13, Class 3A1, 6.500%, 1/25/35

        49,373   
39,781       

PHHMC Trust, Series 2007-6,
Class A1, 5.491%, 12/18/37(a)

        39,953   
9,149       

RAAC Trust, Series 2004-SP3,
Class AI5, 4.890%, 12/25/32(a)

        9,353   
53,783       

RALI Trust, Series 2005-QR1,
Class A, 6.000%, 10/25/34

        56,202   

  Principal    

  Amount    

            Fair Value    

COLLATERALIZED MORTGAGE
OBLIGATIONS — (continued)

     
$   35,531   

Residential Asset Securitization Trust, Series 2004-IP2, Class 4A, 2.462%, 12/25/34(a)

      $    35,292   
62,012   

Specialty Underwriting & Residential Finance Trust, Series 2004-AA1, Class 1A1, 5.000%, 10/25/34

        62,649   
81,013   

Structured Adjustable Rate Mortgage Loan Trust, Series 2004-6, Class 4A1, 2.390%, 6/25/34(a)

        81,480   
11,662   

Structured Asset Securities Corp. Trust, Series 2005-6, Class 5A1, 5.000%, 5/25/35

        11,867   
74,772   

Wells Fargo Mortgage Backed Securities Trust, Series 2004-BB, Class A2, 2.616%, 1/25/35(a)

        74,199   
74,680   

Wells Fargo Mortgage Backed Securities Trust, Series 2005-AR16, Class 6A3, 2.605%, 10/25/35(a)

        74,935   
14,113   

Wells Fargo Mortgage Backed Securities Trust, Series 2007-16, Class 1A1, 6.000%, 12/28/37

        14,554   
        

 

 

 
  

Total Collateralized Mortgage Obligations
(Cost $1,183,868)

        1,219,729   
        

 

 

 

COMMERCIAL MORTGAGE-BACKED SECURITIES — 17.2%

     
74,665   

Banc of America Commercial Mortgage Trust, Series 2006-3, Class A4, 5.889%, 7/10/44(a)

        78,584   
120,000   

Banc of America Commercial Mortgage Trust, Series 2006-5, Class A4, 5.414%, 9/10/47.

        125,532   
4,638   

Banc of America Commercial Mortgage Trust, Series 2007-2, Class A2, 5.622%, 4/10/49(a)

        4,639   
80,000   

Banc of America Commercial Mortgage Trust, Series 2007-5, Class A4, 5.492%, 2/10/51.

        85,384   
73,000   

Banc of America Merrill Lynch Commercial Mortgage, Inc.,
Series 2005-1, Class AJ, 5.283%, 11/10/42(a)

        72,980   
40,000   

Banc of America Merrill Lynch Commercial Mortgage, Inc., Series 2005-3, Class AM, 4.727%, 7/10/43

        40,504   
93,460   

Bear Stearns Commercial Mortgage Securities Trust, Series 2007-Top26, Class A4, 5.471%, 1/12/45(a)

        100,104   
60,000   

Bear Stearns Commercial Mortgage Securities Trust, Series 2007-PW18, Class A4, 5.700%, 6/11/50

        65,217   
82,000   

CD Commercial Mortgage Trust, Series 2007-CD4, Class A4, 5.322%, 12/11/49

        86,818   
86,314   

COMM Mortgage Trust, Series 2006-C7, Class A4, 5.756%, 6/10/46(a)

        90,471   
30,000   

COMM Mortgage Trust, Series 2014-LC17, Class A5, 3.917%, 10/10/47.

        32,021   
30,000   

COMM Mortgage Trust, Series 2014-CR20, Class A4, 3.590%, 11/1/47

        31,203   
117,000   

Commercial Mortgage Trust, Series 2005-GG5, Class AM, 5.277%, 4/10/37(a)

        119,551   
124,741   

Credit Suisse First Boston Mortgage Securities Corp., Series 2005-C1, Class AJ, 5.075%, 2/15/38(a)

        124,707   
131,579   

GMAC Commercial Mortgage Securities, Inc., Series 2006-C1, Class A4, 5.238%, 11/10/45(a)

        133,908   
 

 

 

Continued

 

9


 

Sterling Capital Total Return Bond VIF

 

 

Schedule of Portfolio Investments — (continued)

December 31, 2014

 

 

  Principal    
  Amount    
        

    Fair Value  

 
 

COMMERCIAL MORTGAGE-BACKED
SECURITIES — (continued)

   
$ 56,000      

GS Mortgage Securities Trust,
Series 2014-GC24, Class A5, 3.931%, 9/10/47

    $    59,740
  35,000      

JPMBB Commercial Mortgage Securities Trust, Series 2014-C23, Class A5, 3.934%, 9/15/47

    37,477
  145,699      

LB-UBS Commercial Mortgage Trust, Series 2007-C1, Class A4, 5.424%, 2/15/40

    156,022
  51,092      

Merrill Lynch Mortgage Trust,
Series 2008-C1, Class A4, 5.690%, 2/12/51

    55,592
  16,000      

Morgan Stanley Bank of America Merrill Lynch Trust,
Series 2014-C18, Class A4, 3.923%, 10/15/47

    17,063
  107,451      

Morgan Stanley Capital I Trust, Series 2008-T29, Class A4, 6.278%, 1/11/43(a)

    119,852
  80,000      

Morgan Stanley Capital I Trust, Series 2006-HQ8, Class AM,
5.461%, 3/12/44(a)

    83,228
  130,000      

Morgan Stanley Capital I Trust, Series 2007-IQ14, Class A5,
5.696%, 4/15/49(a)

    140,589
  41,053      

Wachovia Bank Commercial Mortgage Trust, Series 2007-C30, Class A3, 5.246%, 12/15/43

    41,882
  58,336      

Wachovia Bank Commercial Mortgage Trust, Series 2006-C27, Class A3, 5.765%, 7/15/45(a)

    61,100
  61,000      

WF-RBS Commercial Mortgage Trust, Series 2014-C22, Class A5, 3.752%, 9/15/57

    64,293
  25,000      

WF-RBS Commercial Mortgage Trust, Series 2014-C23, Class A5, 3.917%, 10/15/57

    26,692
      

 

  

Total Commercial Mortgage-Backed Securities
(Cost $2,095,719)

    2,055,153
      

 

 

CORPORATE BONDS — 34.8%

   
  

Consumer Discretionary — 3.7%

   
  21,000      

21st Century Fox America, Inc., 5.400%, 10/1/43

    25,001
  31,000      

ERAC USA Finance, LLC, 5.625%, 3/15/42(b)

    36,191
  29,000      

Ford Motor Co., 7.450%, 7/16/31

    39,370
  47,000      

General Motors Financial Co., Inc., 2.750%, 5/15/16

    47,764
  41,000      

Lear Corp., 5.375%, 3/15/24

    41,923
  20,000      

Lowe’s Cos., Inc., 5.800%, 4/15/40

    25,335
  27,000      

NBC Universal Media, LLC, 5.950%, 4/1/41

    34,720
  25,000      

Omnicom Group, Inc., 3.650%, 11/1/24

    25,012
  26,000      

Royal Caribbean Cruises, Ltd., 11.875%, 7/15/15

    27,300
  37,000      

Time Warner Cable, Inc., 4.000%, 9/1/21

    39,379
  20,000      

Time Warner, Inc., 6.100%, 7/15/40

    24,356
  40,000      

Toll Brothers Finance Corp., 6.750%, 11/1/19

    44,800
  29,000      

Viacom, Inc., 5.850%, 9/1/43

    32,250
      

 

       443,401
      

 

  

Consumer Staples — 0.9%

   
  28,000      

Altria Group, Inc., 5.375%, 1/31/44

    31,873
  26,000      

CVS Health Corp., 6.125%, 9/15/39

    33,596
  25,000      

Lorillard Tobacco Co., 6.875%, 5/1/20

    29,447
  11,000      

Walgreens Boots Alliance, Inc., 2.700%, 11/18/19

    11,056
      

 

       105,972
      

 

  

Energy — 4.9%

   
  30,000      

Access Midstream Partners LP/ACMP Finance Corp., 6.125%, 7/15/22

    31,875
  Principal    
  Amount    
        

    Fair Value  

 

CORPORATE BONDS — (continued)

   
  

Energy — (continued)

   
$ 16,000      

Access Midstream Partners LP/ACMP Finance Corp., 4.875%, 3/15/24

    $    16,240
  33,000      

Chesapeake Energy Corp., 3.481%, 4/15/19(a)

    32,340
  35,000      

Continental Resources, Inc., 4.900%, 6/1/44

    30,333
  24,000      

Enable Midstream Partners LP, 5.000%, 5/15/44(b)

    22,608
  18,000      

Energy Transfer Partners LP, 9.000%, 4/15/19

    22,092
  25,000      

EnLink Midstream Partners LP, 5.050%, 4/1/45

    24,152
  40,000      

Enterprise Products Operating, LLC, 5.950%, 2/1/41

    47,028
  33,000      

Freeport-McMoran Oil & Gas, LLC/FCX Oil & Gas, Inc., 6.500%, 11/15/20

    35,722
  32,000      

Kinder Morgan Energy Partners LP, 5.000%, 3/1/43

    30,398
  20,000      

Kinder Morgan, Inc., 2.000%, 12/1/17

    19,876
  30,000      

Kodiak Oil & Gas Corp., 8.125%, 12/1/19

    30,525
  28,000      

MarkWest Energy Partners LP/MarkWest

   
  

Energy Finance Corp., 6.750%, 11/1/20

    29,120
  32,000      

NuStar Logistics LP, 8.150%, 4/15/18

    35,891
  29,000      

Oceaneering International, Inc., 4.650%, 11/15/24

    28,395
  33,000      

Petrobras International Finance Co., SA, 3.500%, 2/6/17

    31,512
  27,000      

Phillips 66, 5.875%, 5/1/42

    31,093
  26,000      

Regency Energy Partners LP/Regency Energy Finance Corp., 6.500%, 7/15/21

    26,520
  30,000      

Shell International Finance BV, 4.550%, 8/12/43

    32,819
  27,000      

Statoil ASA, 4.800%, 11/8/43

    30,698
      

 

       589,237
      

 

  

Financials — 18.2%

   
  33,000      

Ally Financial, Inc., 2.750%, 1/30/17

    32,897
  31,000      

Apollo Management Holdings LP, 4.000%, 5/30/24(b)

    31,550
  30,000      

Ares Finance Co., LLC,
4.000%, 10/8/24(b)

    29,466
  45,000      

Aspen Insurance Holdings, Ltd., 4.650%, 11/15/23

    46,740
  39,000      

Associates Corp. of North America, 6.950%, 11/1/18

    45,552
  69,000      

Bank of America Corp., MTN, 6.875%, 4/25/18

    79,252
  25,000      

Bank of America Corp., MTN, 5.875%, 2/7/42

    31,284
  31,000      

Bank of America Corp., Series K, 8.000%, 7/29/49(a)

    33,286
  54,000      

Bear Stearns Cos., LLC (The), 5.550%, 1/22/17

    58,210
  30,000      

CBRE Services, Inc., 5.250%, 3/15/25

    30,600
  40,000      

CIT Group, Inc., 4.250%, 8/15/17

    40,800
  26,000      

Citigroup, Inc., 5.875%, 1/30/42

    32,704
  46,000      

Corrections Corp. of America, REIT, 4.125%, 4/1/20

    44,735
  45,000      

CubeSmart LP, REIT, 4.800%, 7/15/22

    49,415
  32,000      

Excel Trust LP, REIT, 4.625%, 5/15/24

    33,207
  7,000      

Federal Realty Investment Trust, REIT, 2.750%, 6/1/23

    6,742
  29,000      

First Data Corp., 7.375%, 6/15/19(b)

    30,524
  42,000      

General Electric Capital Corp., 5.300%, 2/11/21

    47,963
  24,000      

General Electric Capital Corp., GMTN, 6.875%, 1/10/39

    33,948
  31,000      

Goldman Sachs Group, Inc. (The), 6.250%, 2/1/41

    39,188
 

 

 

Continued

 

10


 

Sterling Capital Total Return Bond VIF

 

 

Schedule of Portfolio Investments — (continued)

December 31, 2014

 

 

  Principal    
  Amount    
        

    Fair Value  

 

CORPORATE BONDS — (continued)

   
  

Financials — (continued)

   
$ 60,000      

Health Care REIT, Inc., 4.950%, 1/15/21

    $    65,975
  40,000      

Healthcare Realty Trust, Inc., REIT, 3.750%, 4/15/23

    39,261
  47,000      

Healthcare Trust of America Holdings LP, REIT, 3.700%, 4/15/23

    46,490
  30,000      

Host Hotels & Resorts LP, REIT,
Series D, 3.750%, 10/15/23

    29,923
  40,000      

HSBC Finance Corp., 6.676%, 1/15/21

    47,458
  35,000      

International Lease Finance Corp., 4.875%, 4/1/15

    35,254
  35,000      

Jefferies Group, LLC, 8.500%, 7/15/19

    41,942
  42,000      

Jones Lang LaSalle, Inc., 4.400%, 11/15/22

    43,588
  25,000      

JPMorgan Chase & Co., Series 1, 7.900%, 4/29/49(a)

    26,908
  30,000      

Liberty Mutual Group, Inc., 7.800%, 3/15/37(b)

    35,100
  29,000      

Macquarie Bank, Ltd.,
6.625%, 4/7/21(b)

    33,478
  19,000      

Massachusetts Mutual Life Insurance Co., 8.875%, 6/1/39(b)

    30,656
  77,000      

Morgan Stanley, GMTN,
6.625%, 4/1/18

    87,706
  92,000      

Murray Street Investment Trust I, STEP, 4.647%, 3/9/17

    97,097
  53,000      

National City Corp., 6.875%, 5/15/19

    62,262
  33,000      

National Rural Utilities Cooperative Finance Corp., 4.750%, 4/30/43(a)

    32,703
  25,000      

Nationwide Mutual Insurance Co., 9.375%, 8/15/39(b)

    39,611
  37,000      

Old Republic International Corp., 4.875%, 10/1/24

    38,623
  36,000      

Pacific LifeCorp, 5.125%, 1/30/43(b)

    39,592
  25,000      

Prudential Financial, Inc., 8.875%, 6/15/38(a)

    29,188
  27,000      

Prudential Financial, Inc., MTN,
Series D, 7.375%, 6/15/19

    32,458
  32,000      

Reinsurance Group of America, Inc., 5.625%, 3/15/17

    34,605
  30,000      

Retail Opportunity Investments Partnership LP, REIT, 5.000%, 12/15/23

    32,520
  37,000      

Royal Bank of Canada, GMTN, 2.200%, 7/27/18

    37,411
  30,000      

Royal Bank of Scotland Group PLC, 4.700%, 7/3/18

    31,048
  17,000      

Senior Housing Properties Trust, REIT, 6.750%, 4/15/20

    19,210
  45,000      

Simon Property Group LP, REIT, 10.350%, 4/1/19

    58,859
  30,000      

Sirius International Group, Ltd., 6.375%, 3/20/17(b)

    32,948
  38,000      

SunTrust Banks, Inc., 3.500%, 1/20/17

    39,613
  25,000      

Symetra Financial Corp., 4.250%, 7/15/24

    25,483
  53,000      

TIAA Asset Management Finance Co., LLC, 2.950%, 11/1/19(b)

    53,103
  26,000      

Transatlantic Holdings, Inc., 8.000%, 11/30/39

    37,444
  25,000      

Validus Holdings, Ltd., 8.875%, 1/26/40

    34,938
  25,000      

Wachovia Corp., 5.500%, 8/1/35

    29,349
      

 

       2,179,867
      

 

  

Health Care — 1.3%

   
  36,000      

DaVita HealthCare Partners, Inc., 6.625%, 11/1/20

    37,800
  28,000      

Fresenius US Finance II, Inc., 9.000%, 7/15/15(b)

    28,840
  25,000      

Humana, Inc., 4.950%, 10/1/44

    26,582
  Principal    
  Amount    
        

    Fair Value  

 

CORPORATE BONDS — (continued)

   
  

Health Care — (continued)

   
$ 30,000      

Medtronic, Inc., 4.375%, 3/15/35(b)

    $    31,826
  25,000      

Ventas Realty LP, 5.700%, 9/30/43

    29,991
      

 

       155,039
      

 

Industrials — 1.2%

  24,000      

Burlington Northern Santa Fe, LLC, 4.950%, 9/15/41

    26,696
  36,000      

CNH Industrial Capital, LLC, 3.875%, 11/1/15

    36,180
  37,000      

United Rentals North America, Inc., 7.375%, 5/15/20

    39,960
  35,000      

Verisk Analytics, Inc., 5.800%, 5/1/21

    39,434
      

 

       142,270
      

 

Materials — 2.3%

  30,000      

Glencore Finance Canada, Ltd., 4.250%, 10/25/22(b)

    29,853
  18,000      

International Paper Co., 7.300%, 11/15/39

    23,866
  36,000      

Louisiana-Pacific Corp., 7.500%, 6/1/20

    37,890
  40,000      

LYB International Finance BV, 4.875%, 3/15/44

    41,151
  32,000      

Mosaic Co. (The), 5.450%, 11/15/33

    36,205
  34,000      

PetroLogistics LP/PetroLogistics Finance Corp., 6.250%, 4/1/20

    36,635
  34,000      

Rockwood Specialties Group, Inc., 4.625%, 10/15/20

    35,105
  35,000      

West Fraser Timber Co., Ltd., 4.350%, 10/15/24(b)

    33,454
      

 

       274,159
      

 

Telecommunication Services — 1.5%

  21,000      

British Telecommunications PLC, 9.625%, 12/15/30

    32,971
  35,000      

GTP Acquisition Partners I, LLC, 7.628%, 6/15/16(b)

    36,635
  26,000      

Level 3 Financing, Inc., 9.375%, 4/1/19

    27,430
  64,000      

Verizon Communications, Inc., 6.550%, 9/15/43

    81,994
      

 

       179,030
      

 

Utilities — 0.8%

  30,000      

CMS Energy Corp., 4.700%, 3/31/43

    31,972
  23,000      

Progress Energy, Inc., 3.150%, 4/1/22

    23,299
  37,000      

PSEG Power, LLC, 2.450%, 11/15/18

    37,059
      

 

       92,330
      

 

  

Total Corporate Bonds
(Cost $4,001,292)

    4,161,305
      

 

 

FOREIGN GOVERNMENT BONDS — 0.9%

  

Mexico — 0.9%

   
  32,000      

United Mexican States, 5.550%, 1/21/45

    37,200
  72,000      

United Mexican States, MTN, 4.750%, 3/8/44

    75,060
      

 

       112,260
      

 

  

Total Foreign Government Bonds
(Cost $95,256)

    112,260
      

 

 

MORTGAGE-BACKED SECURITIES — 10.8%

  

Fannie Mae — 6.1%

   
  4,001      

4.500%, 10/1/18, Pool #752030

    4,203
  6,838      

5.000%, 10/1/25, Pool #255894

    7,549
  115,843      

4.000%, 6/1/32, Pool #MA1089

    124,918
 

 

 

Continued

 

11


 

Sterling Capital Total Return Bond VIF

 

 

Schedule of Portfolio Investments — (continued)

December 31, 2014

 

 

  Principal    
  Amount    
        

Fair Value

 

MORTGAGE-BACKED SECURITIES — (continued)

  

Fannie Mae — (continued)

   
$     83,094      

4.000%, 6/1/34, Pool #MA1922

    $    89,343
  3,133      

7.000%, 6/1/35, Pool #255820

    3,583
  11,562      

5.000%, 11/1/35, Pool #842402

    12,801
  9,353      

6.000%, 12/1/36, Pool #902054

    10,644
  86,522      

5.500%, 8/1/37, Pool #995082

    97,202
  39,998      

5.000%, 6/1/40, Pool #AD4927

    44,317
  35,264      

5.000%, 6/1/40, Pool #AD7860

    39,060
  74,507      

4.500%, 5/1/41, Pool #AI1023

    80,909
  22,973      

4.500%, 11/1/41, Pool #AJ4994

    24,957
  76,623      

4.000%, 1/1/42, Pool #AK0685

    81,873
  110,676      

3.500%, 5/1/43, Pool #AB9368

    115,501
      

 

       736,860
      

 

  

Freddie Mac — 3.5%

   
  5,204      

6.000%, 10/1/19, Pool #G11679

    5,490
  3,661      

5.500%, 10/1/21, Pool #G12425

    3,987
  14,389      

6.500%, 12/1/37, Pool #A69955

    16,768
  57,543      

4.500%, 1/1/40, Pool #A90764

    62,415
  42,353      

3.767%, 7/1/40, Pool #1B4948(a)

    44,697
  121,882      

5.000%, 7/1/40, Pool #A93070

    134,934
  112,864      

4.000%, 11/1/41, Pool #Q04740

    120,690
  28,594      

3.500%, 7/1/44, Pool #Q27286

    29,764
      

 

       418,745
      

 

  

Ginnie Mae — 1.2%

   
  93,589      

4.500%, 6/15/39, Pool #701962

    102,320
  35,356      

5.000%, 2/15/40, Pool #737037

    39,150
      

 

       141,470
      

 

  

Total Mortgage-Backed Securities
(Cost $1,250,800)

        1,297,075
      

 

 

MUNICIPAL BONDS — 9.9%

   
  

California — 2.9%

   
  220,000      

Metropolitan Water District of Southern California, Build America Bonds, Water Utility Improvements Revenue, Callable 7/1/19 @ 100, 6.538%, 7/1/39

    252,430
  65,000      

State of California, Build America Bonds, School Improvements G.O., 7.625%, 3/1/40

    99,772
      

 

       352,202
      

 

  

Colorado — 0.5%

   
  55,000      

Colorado Housing & Finance Authority, Unemployment/Welfare Funding Revenue, Taxable, Series B, 1.600%, 5/15/16

    55,702
      

 

  

Connecticut — 0.5%

   
  60,000      

State of Connecticut, Public Improvements G.O., Taxable,
Series B, 2.551%, 10/15/22

    60,257
      

 

  

District of Columbia — 0.5%

   
  65,000      

George Washington University (The), Series 2012, 3.485%, 9/15/22

    66,816
      

 

  

Illinois — 1.1%

   
  130,000      

State of Illinois, Public Improvements Revenue, Taxable, 2.931%, 6/15/22

    129,623
      

 

  

New Jersey — 0.3%

   
  40,000      

New Jersey Economic Development Authority, School Facilities Construction, Refunding Revenue, Series 00, 1.648%, 3/1/18

    39,413
      

 

  Principal    
  Amount    
        

Fair Value

 

MUNICIPAL BONDS — (continued)

  

New York — 2.3%

   
$ 100,000      

New York State Environmental Facilities Corp., State Revolving Funds, Refunding Revenue, Taxable, Series C, 2.745%, 6/15/22

    $    99,100
  155,000      

New York, NY, Build America Bonds, Public Improvements G.O., 4.774%, 3/1/20

    172,352
      

 

       271,452
      

 

  

Pennsylvania — 0.6%

   
  70,000      

Philadelphia Authority for Industrial Development, Refunding Revenue, Taxable, 3.664%, 4/15/22

    70,442
      

 

  

Washington — 0.4%

   
  45,000      

Port of Vancouver, WA, Refunding G.O., Limited Tax, Taxable,
Series B, 2.714%, 12/1/21

    45,025
      

 

  

Wisconsin — 0.8%

   
  90,000      

Milwaukee County, WI, Pension Promissory Notes, Refunding G.O., Taxable, Callable 12/1/22 @ 100, 3.862%, 12/1/30

    91,328
      

 

  

Total Municipal Bonds
(Cost $1,100,346)

        1,182,260
      

 

 

U.S. GOVERNMENT AGENCIES — 0.1%

  

Fannie Mae — 0.1%

   
  4,000      

6.250%, 5/15/29

    5,573
      

 

  

Total U.S. Government Agencies
(Cost $5,437)

    5,573
      

 

 

U.S. TREASURY BONDS — 1.9%

  212,000      

3.125%, 2/15/43

    227,618
      

 

  

Total U.S. Treasury Bonds
(Cost $224,215)

    227,618
      

 

 

U.S. TREASURY NOTES — 0.2%

  28,000      

0.875%, 7/15/17

    27,967
      

 

  

Total U.S. Treasury Notes
(Cost $27,878)

    27,967
      

 

    Shares                   

 

PREFERRED STOCKS — 1.2%

  

Financials — 1.0%

   
  2,059      

Citigroup Capital XIII, 7.875%

    54,728
  1,137      

Lloyds Banking Group PLC, 7.750%

    29,312
  1,341      

US Bancorp, Series F, 6.500%

    39,492
      

 

       123,532
      

 

  

Telecommunication
Services — 0.2%

   
  960      

Qwest Corp., 7.000%

    24,912
      

 

  

Total Preferred Stocks
(Cost $141,000)

    148,444
      

 

 

 

 

Continued

 

12


 

Sterling Capital Total Return Bond VIF

 

 

Schedule of Portfolio Investments — (continued)

December 31, 2014

 

 

    Shares             

Fair Value

 

MONEY MARKET FUND — 1.6%

  195,672      

Federated Treasury Obligations Fund, Institutional Shares

    $195,672
      

 

  

Total Money Market Fund
(Cost $195,672)

    195,672
      

 

 
 

Total Investments — 99.3%
(Cost $11,569,162)

    11,887,569

 

Net Other Assets (Liabilities) — 0.7%

    79,774
      

 

 

NET ASSETS — 100.0%

    $11,967,343
      

 

 

 

(a)

The interest rate for this variable rate note, which will change periodically, is based either on the prime rate or an index of market rates. The reflected rate is in effect as of December 31, 2014. The maturity date reflected is the final maturity date.

 

(b)

Rule 144A, Section 4(2) or other security that is restricted as to resale to qualified institutional investors. The Advisor, using Board approved procedures, has deemed these securities or a portion of these securities to be liquid.

G.O. — General Obligation

GMTN — Global Medium Term Note

MTN — Medium Term Note

REIT — Real Estate Investment Trust

STEP — Step Coupon Bond

    

 

 

 

See accompanying Notes to the Financial Statements.

 

13


 

Sterling Capital Variable Insurance Funds

 

 

Statements of Assets and Liabilities

December 31, 2014

 

 

     Sterling Capital
Equity

Income VIF
    Sterling Capital
Special
Opportunities VIF
     Sterling Capital
Total Return
Bond VIF
 

Assets:

       

Investments at fair value (a)

   $ 14,794,435      $ 27,483,398       $ 11,887,569   

Interest and dividends receivable

     26,099        13,467         92,703   

Receivable for investments sold

            111,661         140   

Receivable for capital shares issued

     13,116                  

Prepaid expenses

     16,036        28,530         12,820   
  

 

 

   

 

 

    

 

 

 

Total Assets

  14,849,686      27,637,056      11,993,232   
  

 

 

   

 

 

    

 

 

 

Liabilities:

Payable for capital shares redeemed

  1,650      112,743      4,830   

Accrued expenses and other payables:

Investment advisory fees

  8,931      17,546      5,034   

Administration fees.

  1,168      2,134      921   

Accounting out-of-pocket fees

  1,419      1,356      5,750   

Audit fees

  7,086      12,752      5,474   

Printing fees

  3,000      5,398      2,318   

Other fees

  1,725      3,423      1,562   
  

 

 

   

 

 

    

 

 

 

Total Liabilities

  24,979      155,352      25,889   
  

 

 

   

 

 

    

 

 

 

Net Assets

$ 14,824,707    $ 27,481,704    $ 11,967,343   
  

 

 

   

 

 

    

 

 

 

Net Assets Consist of:

Capital

$ 29,373,636    $ 14,463,331    $ 11,591,210   

Undistributed net investment income

  19,896      46,794      203,459   

Accumulated realized gain (loss)

  (16,320,267   4,128,787      (145,733

Net unrealized appreciation

  1,751,442      8,842,792      318,407   
  

 

 

   

 

 

    

 

 

 

Net Assets

$ 14,824,707    $ 27,481,704    $ 11,967,343   
  

 

 

   

 

 

    

 

 

 

Shares of Beneficial Interest Outstanding (Unlimited number of shares authorized, no par value)

  1,383,855      1,438,448      1,214,722   
  

 

 

   

 

 

    

 

 

 

Net Asset Value — offering and redemption price per share

$ 10.71    $ 19.11    $ 9.85   
  

 

 

   

 

 

    

 

 

 

(a) Investments at cost.

$ 13,042,993    $ 18,640,606    $ 11,569,162   

See accompanying Notes to the Financial Statements.

 

 

14


 

Sterling Capital Variable Insurance Funds

 

Statements of Operations

 

For the Year Ended December 31, 2014

 

 

 

 

 

     Sterling Capital
Equity

Income VIF
    Sterling Capital
Special
Opportunities VIF
    Sterling Capital
Total Return
Bond VIF
 

Investment Income:

      

Interest income.

   $ 14      $      $ 468,087   

Dividend income

     510,302        332,652        14,171   

Foreign taxes withheld

     (4,084     (3,420       
  

 

 

   

 

 

   

 

 

 

Total investment income

  506,232      329,232      482,258   
  

 

 

   

 

 

   

 

 

 

Expenses:

Investment advisory fees (See Note 4)

  113,033      223,186      62,522   

Administration fees (See Note 4)

  14,878      26,810      11,522   

Accounting out-of-pocket fees

  6,856      7,834      33,184   

Audit fees

  16,916      30,526      12,952   

Custodian fees

  1,290      1,932      1,101   

Fund accounting fees (See Note 4)

  1,211      2,183      938   

Insurance fees

  21,827      36,765      17,558   

Interest expense (See Note 5)

  4      17        

Legal fees

  2,058      3,894      1,471   

Printing fees

  9,697      16,140      7,492   

Transfer agent fees (See Note 4)

  4,928      8,869      3,785   

Trustee fees

  1,751      3,148      1,347   

Other fees

  2,716      4,568      2,207   
  

 

 

   

 

 

   

 

 

 

Total expenses before waivers

  197,165      365,872      156,079   

Less expenses waived by the Investment Advisor (See Note 4)

  (6,506   (974   (5,140
  

 

 

   

 

 

   

 

 

 

Net expenses

  190,659      364,898      150,939   
  

 

 

   

 

 

   

 

 

 

Net investment income (loss)

  315,573      (35,666   331,319   
  

 

 

   

 

 

   

 

 

 

Realized and Unrealized Gain (Loss):

Net realized gain from investments

  521,171      4,251,491      76,550   

Change in unrealized appreciation/depreciation on investments

  (202,727   185,922      264,607   
  

 

 

   

 

 

   

 

 

 

Total realized and unrealized gain

  318,444      4,437,413      341,157   
  

 

 

   

 

 

   

 

 

 

Change in net assets from operations

$ 634,017    $ 4,401,747    $ 672,476   
  

 

 

   

 

 

   

 

 

 

 

 

 

 

 

 

 

See accompanying Notes to the Financial Statements.

 

 

15


 

Sterling Capital Variable Insurance Funds

 

Statements of Changes in Net Assets

 

 

 

 

    

Sterling Capital

Equity

Income VIF

 
    

For the

Year Ended

December 31,

2014

        

For the

Year Ended

December 31,
2013

 

From Investment Activities:

       

Operations:

       

Net investment income (loss)

   $ 315,573         $ 233,488   

Net realized gain

     521,171           4,139,865   

Change in unrealized appreciation/depreciation

     (202,727        (1,515,250
  

 

 

      

 

 

 

Change in net assets from operations

  634,017      2,858,103   
  

 

 

      

 

 

 

Distributions to Shareholders From:

Net investment income

  (324,023   (219,509

Net realized gains

         
  

 

 

      

 

 

 

Change in net assets from shareholder distributions

  (324,023   (219,509
  

 

 

      

 

 

 

Capital Transactions:

Proceeds from shares issued

  199,797      753,357   

Distributions reinvested

  324,023      219,509   

Value of shares redeemed

  (3,335,454   (4,090,194
  

 

 

      

 

 

 

Change in net assets from capital transactions

  (2,811,634   (3,117,328
  

 

 

      

 

 

 

Change in net assets

  (2,501,640   (478,734

Net Assets:

Beginning of year

  17,326,347      17,805,081   
  

 

 

      

 

 

 

End of year

$ 14,824,707    $ 17,326,347   
  

 

 

      

 

 

 

Undistributed net investment income

$ 19,896    $ 28,346   
  

 

 

      

 

 

 

Share Transactions:

Issued

  19,156      77,495   

Reinvested

  30,593      22,165   

Redeemed

  (315,617   (416,988
  

 

 

      

 

 

 

Change in Shares

  (265,868   (317,328
  

 

 

      

 

 

 

See accompanying Notes to the Financial Statements.

 

 

16


Sterling Capital

Special

Opportunities VIF

        

Sterling Capital

Total Return

Bond VIF

 

For the

Year Ended

December 31,
2014

        

For the

Year Ended

December 31,

2013

        

For the

Year Ended

December 31,
2014

        

For the

Year Ended

December 31,
2013

 
              
              
$ (35,666      $ 35,486         $ 331,319         $ 391,655   
  4,251,491           3,698,673           76,550           5,981   
  185,922           3,390,674           264,607           (658,923

 

 

      

 

 

      

 

 

      

 

 

 
  4,401,747      7,124,833      672,476      (261,287

 

 

      

 

 

      

 

 

      

 

 

 
  (14,055   (22,471   (400,948   (486,121
  (3,713,805   (3,350,231   (155,009   (487,195

 

 

      

 

 

      

 

 

      

 

 

 
  (3,727,860   (3,372,702   (555,957   (973,316

 

 

      

 

 

      

 

 

      

 

 

 
  647,469      385,700      431,387      959,746   
  3,727,860      3,372,702      555,957      973,316   
  (7,221,400   (8,785,357   (2,504,286   (4,779,311

 

 

      

 

 

      

 

 

      

 

 

 
  (2,846,071   (5,026,955   (1,516,942   (2,846,249

 

 

      

 

 

      

 

 

      

 

 

 
  (2,172,184   (1,274,824   (1,400,423   (4,080,852
  29,653,888      30,928,712      13,367,766      17,448,618   

 

 

      

 

 

      

 

 

      

 

 

 
$ 27,481,704    $ 29,653,888    $ 11,967,343    $ 13,367,766   

 

 

      

 

 

      

 

 

      

 

 

 
$ 46,794    $ 44,672    $ 203,459    $ 356,133   

 

 

      

 

 

      

 

 

      

 

 

 
  33,673      21,133      43,644      94,381   
  194,882      190,119      56,161      97,842   
  (364,391   (479,938   (252,707   (467,223

 

 

      

 

 

      

 

 

      

 

 

 
  (135,836   (268,686   (152,902   (275,000

 

 

      

 

 

      

 

 

      

 

 

 

 

 

17


 

Sterling Capital Variable Insurance Funds

 

 

Financial Highlights

 

 

 

The financial highlights table is intended to help you understand the Funds’ financial performance for the past 5 years. Certain information reflects financial results for a single Fund share. The total returns in the table represent the rate that an investor would have earned (or lost) on an investment in the Fund (assuming reinvestment of all dividends and distributions).

 

          Investment Activities   Distributions
     Net Asset
Value,
Beginning
of Year
   Net
investment
income (loss)(a)
  Net realized/
unrealized gains
(losses) on
investments
  Total from
Investment
Activities
  Net
investment
income
  Net realized
gains on
investments
  Total
Distributions
   

Sterling Capital Equity Income VIF

                               

Year Ended December 31, 2014

     $ 10.50          0.21         0.21         0.42         (0.21 )               (0.21 )  

Year Ended December 31, 2013

     $ 9.05          0.13         1.44         1.57         (0.12 )               (0.12 )  

Year Ended December 31, 2012

     $ 7.98          0.09         1.07         1.16         (0.09 )               (0.09 )  

Year Ended December 31, 2011

     $ 8.41          0.09         (0.43 )       (0.34 )       (0.09 )               (0.09 )  

Year Ended December 31, 2010

     $ 7.61          0.09         0.81         0.90         (0.10 )               (0.10 )  

Sterling Capital Special Opportunities VIF

                               

Year Ended December 31, 2014

     $ 18.84          (0.02 )       3.05         3.03         (0.01 )       (2.75 )       (2.76 )  

Year Ended December 31, 2013

     $ 16.78          0.02         4.33         4.35         (0.01 )       (2.28 )       (2.29 )  

Year Ended December 31, 2012

     $ 15.36          0.06 (c)       2.13         2.19         (0.05 )       (0.72 )       (0.77 )  

Year Ended December 31, 2011

     $ 16.60          (0.01 )       (0.61 )       (0.62 )               (0.62 )       (0.62 )  

Year Ended December 31, 2010

     $ 14.29          (0.04 )       2.36         2.32         (0.01 )               (0.01 )  

Sterling Capital Total Return Bond VIF

                               

Year Ended December 31, 2014

     $ 9.77          0.26         0.27         0.53         (0.32 )       (0.13 )       (0.45 )  

Year Ended December 31, 2013

     $ 10.62          0.26         (0.43 )       (0.17 )       (0.33 )       (0.35 )       (0.68 )  

Year Ended December 31, 2012

     $ 10.61          0.26         0.38         0.64         (0.31 )       (0.32 )       (0.63 )  

Year Ended December 31, 2011

     $ 10.73          0.36         0.28         0.64         (0.39 )       (0.37 )       (0.76 )  

Year Ended December 31, 2010

     $ 10.37          0.40         0.39         0.79         (0.41 )       (0.02 )       (0.43 )  

 

 

*

During the periods certain fees were voluntarily waived (See Note 4 in the Notes to the Financial Statements). If such reductions had not occurred, the ratios would have been as indicated.

(a)

Per share net investment income (loss) has been calculated using the average daily shares method.

(b)

Total return ratios assume reinvestment of distributions at net asset value. Total return ratios do not reflect charges pursuant to the terms of the insurance contracts funded by separate accounts that invest in the Fund’s shares.

(c)

For the year ended December 31, 2012, net investment income per share reflects a special dividend which amounted to $0.02 per share. Excluding the special dividend, the ratio of net investment income to average net assets would have been 0.25% per share.

 

 

See accompanying Notes to the Financial Statements.

 

18


         Ratios/Supplemental Data

Net Asset

Value,

End of

    Year    

  

Total

Return(b)

 

Net Assets,

End of

Year (000)

  

Ratio of

net expenses

to average

net assets

 

Ratio of net
investment

income (loss)

to average

net assets

 

Ratio of

expenses
to average

net assets*

 

Portfolio

turnover rate

                           
  $ 10.71          4.08 %     $ 14,825          1.18 %       1.95 %       1.22 %       15.81 %
  $ 10.50          17.48 %     $ 17,326          1.16 %       1.32 %       1.27 %       113.45 %
  $ 9.05          14.53 %     $ 17,805          1.06 %       1.04 %       1.22 %       64.31 %
  $ 7.98          (4.04 )%     $ 21,284          0.97 %       1.11 %       1.21 %       69.66 %
  $ 8.41          11.93 %     $ 28,318          0.94 %       1.22 %       1.21 %       63.34 %
                           
  $ 19.11          15.99 %     $ 27,482          1.25 %       (0.12 )%       1.26 %       21.08 %
  $ 18.84          26.81 %     $ 29,654          1.34 %       0.12 %       1.35 %       36.33 %
  $ 16.78          14.33 %     $ 30,929          1.28 %       0.34 %(c)       1.28 %       18.13 %
  $ 15.36          (3.53 )%     $ 35,567          1.25 %       (0.05 )%       1.25 %       26.68 %
  $ 16.60          16.24 %     $ 43,344          1.24 %       (0.28 )%       1.27 %       39.24 %
                           
  $ 9.85          5.44 %     $ 11,967          1.21 %       2.65 %       1.25 %       56.22 %
  $ 9.77          (1.56 )%     $ 13,368          1.23 %       2.57 %       1.29 %       114.13 %
  $ 10.62          6.10 %     $ 17,449          1.16 %       2.39 %       1.20 %       144.71 %
  $ 10.61          6.10 %     $ 19,478          1.07 %       3.32 %       1.17 %       131.16 %
  $ 10.73          7.73 %     $ 21,397          1.07 %       3.70 %       1.20 %       140.32 %

 

19


 

Sterling Capital Variable Insurance Funds

 

 

Notes to Financial Statements

December 31, 2014

 

 

1.

Organization:

Sterling Capital Variable Insurance Funds (the “Trust”) was organized on November 8, 2004, and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end investment company established as a Massachusetts business trust. The Trust commenced operations on May 1, 2005 and presently offers shares of Sterling Capital Equity Income VIF, Sterling Capital Special Opportunities VIF, and Sterling Capital Total Return Bond VIF (referred to individually as a “Fund” and collectively as the “Funds”). The Trust is authorized to issue an unlimited number of shares of beneficial interest without par value. Shares of the Funds are offered through variable annuity contracts offered through the separate accounts of participating insurance companies. All Funds are “diversified” funds, as defined in the 1940 Act.

Under the Trust’s organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of the performance of their duties to the Trust. In addition, in the normal course of business, the Funds may enter into contracts with their vendors and others that provide for general indemnifications. The Funds’ maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Funds. However, based on experience, the Funds expect that risk of loss to be remote.

 

2.

Significant Accounting Policies:

The following is a summary of significant accounting policies followed by the Funds in preparation of their financial statements. The policies are in conformity with United States generally accepted accounting principles (“U.S. GAAP”). The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses for the reporting period. Actual results could differ from those estimates.

Securities Valuation — Investments in securities, the principal market for which is a securities exchange or an over-the-counter market, are valued at their latest available sale price (except for those securities that are traded on NASDAQ, which will be valued at the NASDAQ official closing price) or in the absence of such a price, by reference to the latest available bid price in the principal market in which such securities are normally traded. The Funds may also use an independent pricing service approved by the Board of Trustees (the “Board”) to value certain securities, including the use of electronic and matrix techniques. Investments in open-end investment companies are valued at their respective net asset values as reported by such companies. The differences between cost and fair value of investments are reflected as either unrealized appreciation or depreciation. Securities for which market quotations are not readily available or deemed unreliable (e.g., an approved pricing service does not provide a price, a furnished price is in error, certain stale prices, or an event occurs that materially affects the furnished price) will be fair valued in accordance with procedures established in good faith under the general supervision of the Board. No securities were valued in accordance with these procedures as of December 31, 2014.

Fair Value Measurements — The objective of a fair value measurement is to determine the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (an exit price). Accordingly, the fair value hierarchy gives the highest priority to quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described as follows:

•  Level 1 – quoted prices in active markets for identical securities

•  Level 2 – based on other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

•  Level 3 – based on significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. During the fiscal year ended December 31, 2014 there were no changes to the valuation policies and procedures.

 

 

20


 

Sterling Capital Variable Insurance Funds

 

 

Notes to Financial Statements — (continued)

December 31, 2014

 

 

The summary of inputs used to determine the fair value of each Fund’s investments as of December 31, 2014 is as follows:

 

     Level 1–
Quoted Prices
     Level 2–
Other Significant
Observable Inputs
     Level 3–
Significant
Unobservable Inputs
   Total  

Assets:

                         

Investments in Securities

           

Sterling Capital Equity Income VIF

     $14,794,435(a)         $                  —       $—      $14,794,435   

Sterling Capital Special Opportunities VIF

     27,483,398(a)                 —      27,483,398   

Sterling Capital Total Return Bond VIF

     344,116(b)         11,543,453(a)         —      11,887,569   

 

  (a)

Industries, countries or security types are disclosed in the Schedules of Portfolio Investments.

  (b)

Represents money market funds and preferred stocks.

The Funds’ policy is to recognize transfers in and transfers out as of the beginning of the reporting period. There were no transfers between Levels during the fiscal year ended December 31, 2014.

Cash and Cash Equivalents — The Funds consider liquid assets deposited with a bank, and certain short term debt instruments with original maturities of three months or less to be cash equivalents. These investments represent amounts held with financial institutions that are readily accessible to pay Fund expenses or investments. The Funds invest their excess cash in the Federated Treasury Obligations Fund and may invest in a similar money market fund or other short-term investment.

Distributions to Shareholders — Dividends from net investment income are declared and paid quarterly for the Funds, with the exception of Sterling Capital Total Return Bond VIF, in which case dividends from net investment income are declared daily and paid monthly. Distributable net realized gains, if any, are declared and distributed at least annually. Distributions to shareholders that exceed net investment income and net realized gains for tax purposes are reported as distributions of capital.

Expenses and Allocation Methodology — Expenses directly attributable to a Fund are charged to that Fund. Expenses not directly attributable to a Fund are allocated proportionately among all Funds daily in relation to the net assets of each Fund or on another reasonable basis. Expenses that are attributable to both the Funds and Sterling Capital Funds are allocated across the Funds and Sterling Capital Funds, based upon relative net assets or on another reasonable basis.

Mortgage Dollar Rolls — Sterling Capital Total Return Bond VIF may sell mortgage-backed securities for delivery in the current month and simultaneously contract to repurchase substantially similar (same type, coupon and maturity) securities on a specific future date at an agreed-upon price. The market value of the securities that the Fund is required to purchase may decline below the agreed upon repurchase price of those securities. Pools of mortgages collateralizing those securities may have different prepayment histories than those sold. During the period between the sale and repurchase, the Fund will not be entitled to receive interest and principal payments on the securities sold. Proceeds of the sale will be invested in additional instruments for the Fund, and the income from these investments will generate income for the Fund. If such income does not exceed the income, capital appreciation and gain or loss that would have been realized on the securities sold as part of the dollar roll, the use of this technique will diminish the investment performance of the Fund compared with what the performance would have been without the use of dollar rolls. The Funds account for mortgage dollar roll transactions as purchases and sales. There were no mortgage dollar rolls as of December 31, 2014.

Security Transactions and Related Income — During the fiscal year, security transactions are accounted for no later than one business day after the trade date. For financial reporting purposes, however, security transactions as of the last business day of the reporting period are accounted for on the trade date. Interest income is recognized on the accrual basis and includes, where applicable, the amortization/accretion of premium or discount. Dividend income is recorded on the ex-dividend date. Gains or losses realized from sales of securities are determined by comparing the identified cost of the security lot sold with the net sales proceeds.

 

 

21


 

Sterling Capital Variable Insurance Funds

 

 

Notes to Financial Statements — (continued)

December 31, 2014

 

 

When-Issued and Forward Commitments — The Funds may purchase securities on a “when-issued” basis. The Funds record when-issued securities on the trade date and pledge assets with a value at least equal to the purchase commitment for payment of the securities purchased. The value of the securities underlying when-issued or forward commitments to purchase securities, and any subsequent fluctuation in their value, is taken into account when determining the net asset value of the Funds commencing with the date the Funds agree to purchase the securities. The Funds do not accrue interest or dividends on “when-issued” securities until the underlying securities are received. There were no “when-issued” securities as of December 31, 2014.

 

3.

Purchases and Sales of Securities:

Purchases and sales of securities (excluding U.S. government securities and securities maturing less than one year from acquisition) for the fiscal year ended December 31, 2014 were as follows:

 

     Purchases    Sales

Sterling Capital Equity Income VIF

   $2,476,714    $ 5,223,704

Sterling Capital Special Opportunities VIF

     5,955,081     12,633,127

Sterling Capital Total Return Bond VIF

     4,444,464      5,025,616

Purchases and sales of U.S. government securities (excluding securities maturing less than one year from acquisition) for the fiscal year ended December 31, 2014 for the Sterling Capital Total Return Bond VIF were $2,491,642 and $2,622,273, respectively.

 

4.

Related Party Transactions:

Under the terms of the investment advisory agreement, Sterling Capital Management LLC (“Sterling Capital” or the “Advisor”) is entitled to receive fees based on a percentage of the average daily net assets of the Funds. These fees are accrued daily and payable on a monthly basis and are reflected on the Statements of Operations as “Investment advisory fees.” Sterling Capital waived investment advisory fees and reimbursed certain expenses for the Funds referenced below which are not subject to recoupment and are included on the Statements of Operations as “Less expenses waived by the Investment Advisor.” Information regarding these transactions for the fiscal year ended December 31, 2014 is as follows:

 

     Contractual
Fee Rate

Sterling Capital Equity Income VIF

   0.70%1,2

Sterling Capital Special Opportunities VIF

   0.75%2,3

Sterling Capital Total Return Bond VIF

   0.50%2,4

 

  1 

The contractual fee rate was 0.70% and the fee rate after voluntary waivers was 0.58% prior to May 1, 2014.

  2 

For a portion of the fiscal year ended December 31, 2014, Sterling Capital voluntarily reimbursed certain expenses of the Funds. Voluntary reimbursements of expenses are not subject to recoupment in subsequent fiscal periods, and may be discontinued at any time.

  3 

The contractual fee rate was 0.80% and the fee rate after voluntary waivers was 0.79% prior to May 1, 2014.

  4 

The contractual fee rate was 0.50% and the fee rate after voluntary waivers was 0.38% prior to May 1, 2014.

Sterling Capital serves as the administrator to the Funds pursuant to an administration agreement. The Funds pay their portion of a fee to Sterling Capital for providing administration services based on the aggregate assets of the Funds and the Sterling Capital Funds, excluding the assets of Sterling Capital Strategic Allocation Conservative Fund, Sterling Capital Strategic Allocation Balanced Fund, and Sterling Capital Strategic Allocation Growth Fund, at a rate of 0.1075% on the first $3.5 billion of average net assets, 0.075% on the next $1 billion of average net assets; 0.06% on the next $1.5 billion of average net assets; and 0.04% of average net assets over $6 billion. Expenses incurred are reflected on the Statements of Operations as “Administration fees.” Pursuant to a sub-administration agreement with Sterling Capital, BNY Mellon Investment Servicing (US) Inc. (“BNY Mellon” or the “Sub-Administrator”), serves as the sub-administrator to the Funds subject to the general supervision of the Board and Sterling Capital. For these services, BNY Mellon is entitled to a fee payable by Sterling Capital.

BNY Mellon serves as the Funds’ fund accountant and transfer agent and receives compensation by the Funds for these services. Expenses incurred are reflected on the Statements of Operations as “Fund accounting fees” and “Transfer agent fees.”

The Trust has adopted a Variable Contract Owner Servicing Plan (the “service plan”) under which the Funds may pay a fee computed daily and paid monthly, at an annual rate of up to 0.25% of the average daily net assets of the Funds. A servicing agent may periodically waive all or a portion of its servicing fees. For the fiscal year ended December 31, 2014, the Funds did not participate in any service plan.

 

 

22


 

Sterling Capital Variable Insurance Funds

 

 

Notes to Financial Statements(continued)

December 31, 2014

 

 

Certain Officers and a Trustee of the Funds are affiliated with Sterling Capital or the Sub-Administrator. Such Officers and Trustee receive no compensation from the Funds for serving in their respective roles. Each of the Trustees who are not interested persons (as defined in the 1940 Act) of the Trust who serve on the Board are compensated at the annual rate of $44,000 plus $5,000 for each regularly scheduled quarterly meeting attended, $4,000 for each special meeting attended in person and $1,500 for each special meeting attended by telephone, plus reimbursement for certain out of pocket expenses. The Trustee who is an interested person, as defined in the 1940 Act, of the Trust, but not affiliated with Sterling Capital is compensated at the annual rate of $44,000 plus $4,000 for each regularly scheduled quarterly meeting attended, $3,200 for each special meeting attended in person and $1,200 for each special meeting attended by telephone, plus reimbursement for certain out of pocket expenses. Each Trustee serving on a Committee of the Board receives a fee of $4,000 for each Committee meeting attended in person and $3,000 for each Committee meeting attended by telephone, plus reimbursement for certain out of pocket expenses. Committee meeting fees are only paid when such Committee meetings are not held in conjunction with a regular board meeting. Additionally, the Chairman of the Board and the Audit Committee Chairman each receive an annual retainer of $15,000, and the Chairman of the Nominations Committee receives additional compensation at the rate of $1,000 for each meeting over which he or she presides as Chairman. The fees are allocated across the Trust and the Sterling Capital Funds based upon relative net assets.

At a meeting held on February 19-20, 2014, the Board approved several changes in Trustee compensation. These changes became effective on April 1, 2014. Pursuant to these changes, (i) each Trustee who is not an interested person of the Trust will be compensated at an annual rate of $70,000, (ii) the Chairman of the Board will receive an annual retainer of $20,000, and (iii) the Chairman of the Nominations Committee will receive an annual retainer of $6,000 in lieu of a fee for each meeting over which he or she presides as Chairman. Other than as noted above, Trustee compensation remains the same.

 

5.

Line of Credit:

U.S. Bank, N.A. has made available a credit facility to each Fund, pursuant to a credit agreement (each, an “Agreement”) with respect to each Fund. The primary purpose of the Agreements is to allow the Funds to avoid security liquidations that Sterling Capital believes are unfavorable to shareholders. Under the Agreements, Sterling Capital Equity Income VIF, Sterling Capital Special Opportunities VIF and Sterling Capital Total Return Bond VIF have a commitment amount of $1,700,000, $2,600,000, and $1,200,000, respectively. Outstanding principal amounts under the Agreements bear interest at a rate per annum equal to the Prime Rate minus two percent (2%), but never at a rate of less than one percent (1%) per annum. The Agreements expire on March 30, 2015. During the fiscal year ended December 31, 2014, each of the following Funds utilized its line of credit:

 

    Average
Interest Rate
  Average
Loan Balance
  Number of
Days Outstanding
  Interest Expense
Incurred
  Maximum Amount
Borrowed

Sterling Capital Equity Income VIF

  1.25%   $15,714   7   $  4   $  24,000

Sterling Capital Special Opportunities VIF

  1.25%     80,000   6     17     116,000

 

6.

Federal Tax Information:

It is the policy of each Fund to continue to qualify as a regulated investment company by complying with the provisions available to certain investment companies, as defined in applicable sections of the Internal Revenue Code of 1986, as amended, and to make distributions of net investment income and net realized capital gains sufficient to relieve it from all, or substantially all, federal income taxes. Accordingly, no provision for federal income tax is required in the Funds’ financial statements.

Management evaluates its tax positions to determine if the tax positions taken meet the minimum recognition threshold in connection with accounting for uncertainties in income tax positions taken or expected to be taken for the purposes of measuring and recognizing tax liabilities in the financial statements. Recognition of tax benefits of an uncertain tax position is required only when the position is “more likely than not” to be sustained assuming examination by taxing authorities. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense. During the period, the Funds did not incur any interest or penalties.

Management has analyzed the Funds’ tax positions taken on federal income tax returns for all open tax years (current year and prior three tax years), and has concluded that no provision for federal income tax is required in the Funds’ financial statements. The Funds’ federal and state income and federal excise tax returns for tax years for which the applicable statutes of limitations have not expired are subject to examination by the Internal Revenue Service and state departments of revenue.

 

 

23


 

Sterling Capital Variable Insurance Funds

 

 

Notes to Financial Statements — (continued)

December 31, 2014

 

 

Under the Regulated Investment Company Modernization Act of 2010, capital losses originating in taxable years beginning after December 22, 2010 (“post-enactment capital losses”) are carried forward indefinitely. Furthermore, post-enactment capital losses will retain their character as either short-term or long-term capital losses rather than being considered all short-term capital losses as under previous law.

At December 31, 2014, the following Funds had net capital loss carry forwards available to offset future net capital gains, if any, to the extent provided by the Treasury regulations. To the extent that these carry forwards are used to offset future capital gains, it is probable that the gains that are offset will not be distributed to shareholders.

 

     Amount With No Expiration*              
     Short-term
Losses
     Long-term
Losses
     Amount      Expires

Sterling Capital Equity Income VIF

     $      —                 $13,056,364       2016

Sterling Capital Equity Income VIF

                     3,263,903       2017

Sterling Capital Total Return Bond VIF

     53,393         24,708                   —

 

  *

Post-Enactment Losses: Must be utilized prior to losses subject to expiration.

Capital loss carryforwards utilized in the current year were $521,171 and $27,987 for Sterling Capital Equity Income VIF and Sterling Capital Total Return Bond VIF, respectively.

The character of income and gains distributed are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. These “book/tax” differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature (e.g., disposition of market discount and market premium bonds, paydown gains and losses, net operating loss, hybrids, REITs and the character of distributions), such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment; temporary differences do not require reclassification. These reclassifications have no impact on net assets or net asset values per share.

As of December 31, 2014, these reclassifications were as follows:

 

     Decrease
Paid-in-Capital
    Increase
(Decrease)
Net Investment
Income
    Increase
(Decrease)
Realized Gain
 

Sterling Capital Special Opportunities VIF

     $  —                   $51,843        $(51,843

Sterling Capital Total Return Bond VIF

     (47)        (83,045     83,092   

The tax character of distributions paid to shareholders during the fiscal year ended December 31, 2014, were as follows:

 

     Distributions paid from         
     Ordinary
Income
     Net
Long-Term
Gains
     Total
Distributions
Paid
 

Sterling Capital Equity Income VIF

     $324,023         $            —         $   324,023   

Sterling Capital Special Opportunities VIF

     14,055         3,713,805         3,727,860   

Sterling Capital Total Return Bond VIF

     555,957                 555,957   

The tax character of distributions paid to shareholders during the fiscal year ended December 31, 2013, were as follows:

 

     Distributions paid from         
     Ordinary
Income
     Net
Long-Term
Gains
     Total
Distributions
Paid
 

Sterling Capital Equity Income VIF

     $219,509         $            —         $   219,509   

Sterling Capital Special Opportunities VIF

     22,471         3,350,231         3,372,702   

Sterling Capital Total Return Bond VIF

     730,543         242,773         973,316   

 

 

24


 

Sterling Capital Variable Insurance Funds

 

 

Notes to Financial Statements(continued)

December 31, 2014

 

 

At December 31, 2014, the components of accumulated earnings (deficit) on a tax basis were as follows:

 

    Undistributed
Ordinary
Income
    Undistributed
Long Term
Capital Gains
    Accumulated
Earnings
    Accumulated
Capital and
Other Losses
    Unrealized
Appreciation
(Depreciation)*
    Total
Accumulated
Earnings
(Deficit)
 

Sterling Capital Equity Income VIF

    $  19,896        $            —        $     19,896        $(16,320,267     $1,751,442        $(14,548,929

Sterling Capital Special Opportunities VIF

    386,692        3,797,950        4,184,642               8,833,731        13,018,373   

Sterling Capital Total Return Bond VIF

    204,059               204,059        (78,101     250,175        376,133   

 

  *

The primary differences between book basis and tax basis unrealized appreciation (depreciation) were due to the deferral of losses on wash sales, basis adjustments on real estate investment trusts, partnership interests and hybrid securities, and the deferral of market discount and premium until point of sale.

At December 31, 2014, federal income tax cost, gross unrealized appreciation and gross unrealized depreciation on securities were as follows:

 

     Tax Cost      Gross Tax
Unrealized
Appreciation
     Gross Tax
Unrealized
Depreciation
    Net Tax
Unrealized
Appreciation
 

Sterling Capital Equity Income VIF

     $13,042,993         $2,251,179         $(499,737     $1,751,442   

Sterling Capital Special Opportunities VIF

     18,649,667         9,197,560         (363,829     8,833,731   

Sterling Capital Total Return Bond VIF

     11,637,394         432,629         (182,454     250,175   

 

7.

Subsequent Events:

Management has evaluated the need for disclosure and/or adjustments resulting from subsequent events through the date the financial statements were issued, and has noted the following items:

Effective December 31, 2014, Thomas W. Lambeth retired from his role as Chair of the Board of Trustees. Drew Kagan has been appointed as Mr. Lambeth’s replacement.

Effective December 31, 2014, Kenneth Cotner retired from his role asTreasurer. Todd Miller has been appointed as Mr. Cotner’s replacement.

Effective January 1, 2015, the Chair of the Audit Committee changed from Drew Kagan to Alan Priest.

Effective January 1, 2015, the Fund’s Chief Compliance and Anti-Money Laundering Officer changed from Salvatore Faia to Brian Moran.

On February 24, 2015, the Board of Trustees approved the liquidation of each of the Funds and the winding up and termination of the Trust, which is expected to occur prior to April 30, 2015.

 

 

25


Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders of Sterling Capital Variable Insurance Funds:

We have audited the accompanying statement of assets and liabilities of the Sterling Capital Equity Income VIF, Sterling Capital Special Opportunities VIF and Sterling Capital Total Return VIF (collectively, the “Funds”), constituting the Sterling Capital Variable Insurance Funds, including the schedules of portfolio investments, as of December 31, 2014, and the related statements of operations for the year then ended, the statements of changes in net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended. These financial statements and financial highlights are the responsibility of the Funds’ management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of December 31, 2014, by correspondence with the custodian. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of each of the Funds comprising the Sterling Capital Variable Insurance Funds as of December 31, 2014, the results of their operations for the year then ended, the changes in their net assets for each of the years in the two-year period then ended, and the financial highlights for each of the years in the five-year period then ended, in conformity with U.S. generally accepted accounting principles.

As described in Note 7 to the financial statements, on February 24, 2015, the Board of Trustees approved the liquidation of each of the Funds comprising the Sterling Capital Variable Insurance Funds. As of this date, the Funds will cease operating as a going concern and change their basis of accounting from the going concern basis to the liquidation basis of accounting in accordance with U.S. generally accepted accounting principles.

 

LOGO

Philadelphia, Pennsylvania

February 24, 2015

 

26


 

Sterling Capital Variable Insurance Funds

 

 

December 31, 2014

    

 

 

Notice to Shareholders (Unaudited)

All amounts and percentages below are based on financial information available as of the date of this annual report and, accordingly are subject to change. For each item it is the intention of the Funds to report the maximum amount permitted under the Internal Revenue Code and the regulations thereunder.

For the fiscal year ended December 31, 2014, each Fund is reporting the following items with regard to distributions paid during the year.

 

     Long-Term
Capital
Gain
     Qualified
Dividends
Income %
     (for corporate
shareholders)
Dividend
Received
Deduction %
     U.S.
Government
Income

Sterling Capital Equity Income VIF

     $            —         100.00%         100.00%      

Sterling Capital Special Opportunities VIF

     3,713,805         99.96%         99.95%      

Sterling Capital Total Return Bond VIF

             1.32%         1.01%       0.54%

 

 

27


 

Sterling Capital Variable Insurance Funds

 

 

December 31, 2014

    

 

 

Other Information (Unaudited)

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available (i) without charge, upon request, by calling 1-800-228-1872; and (ii) on the Securities and Exchange Commission’s (the “Commission”) website at http://www.sec.gov.

Information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30th is available (i) without charge, upon request, by calling 1-800-228-1872 and (ii) on the Commission’s website at http://www.sec.gov.

The Funds file complete Schedules of Portfolio Holdings with the Commission for the first and third quarters of each fiscal year on Form N-Q. The Funds’ Form N-Q is filed with the Commission within 60 days of the end of the quarter to which it relates, and is available without charge on the Commission’s website at http://www.sec.gov, or may be reviewed and copied at the Commission’s Public Reference Room in Washington, D.C. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

 

 

28


BOARD CONSIDERATION OF ADVISORY AND SUB-ADVISORY AGREEMENTS (UNAUDITED)

The Board of Trustees conducted in-person meetings in August and November 2014 to consider the continuance of the investment advisory agreement between Sterling Capital Variable Insurance Funds (the “Trust”) and Sterling Capital Management LLC (“Sterling Capital” or the “Adviser”), the investment adviser to each series of the Trust (the “Funds”), for a new term running through January 31, 2016. The above referenced agreement is referred to herein as the “Advisory Agreement.”

The Trustees reviewed extensive material in connection with their consideration of the Advisory Agreement, including data from an independent provider of mutual fund data (as assembled by the Trust’s administrator), which, where applicable, included comparisons with industry averages for comparable funds for advisory fees, 12b-1 fees, and total fund expenses. The Trustees considered the contractual investment advisory fee levels for each Fund, as well as the fee waivers that Sterling Capital had agreed to implement for certain Funds. The Board was assisted in its review by independent legal counsel, who provided a memorandum detailing the legal standards for review of the Advisory Agreement. The Board received detailed presentations from Sterling Capital, including analysis of each Fund’s investment process and performance. The Board also received and considered information from Sterling Capital relating to its profitability in respect of each Fund, and from all Funds in the aggregate. As part of their deliberations, the Independent Trustees conducted several private meetings with their independent legal counsel, outside the presence of Sterling Capital and other Fund management.

In their deliberations regarding the Advisory Agreement, each Trustee attributed different weights to various factors involved in an analysis of the Advisory Agreement, and in each case no factor alone was considered determinative. The Trustees determined that the arrangement between the Trust and the Adviser, as provided in the Advisory Agreement, was fair and reasonable and that the continuance of the Advisory Agreement was in the best interests of each applicable Fund and its shareholders.

The Trustees considered the following factors, among others, in reaching their conclusions.

Nature, Extent and Quality of Services Provided by the Adviser

The Trustees received and considered information regarding the nature, extent, and quality of the services provided to each Fund under the Advisory Agreement. The Trustees took into account information furnished throughout the year at Trustee meetings, as well as materials furnished specifically in connection with the annual review process. The Trustees considered the background and experience of the Adviser’s senior management and the expertise of investment personnel of the Adviser responsible for the day-to-day management of each Fund. The Trustees considered the overall reputation, and the capabilities and commitment of the Adviser to provide high quality service to each Fund.

The Trustees received information concerning the investment philosophy and investment processes applied or to be applied by the Adviser in managing each Fund as well as the Adviser’s Form ADV. The Trustees also considered information regarding regulatory compliance and compliance with the investment policies of the Funds. The Trustees evaluated the Adviser’s trading practices and considered the procedures of the Adviser designed to fulfill the Adviser’s fiduciary duty to the Funds with respect to possible conflicts of interest, including the Adviser’s code of ethics (regulating the personal trading of its officers and employees).

Based on their review, the Trustees concluded that, with respect to the nature, extent and quality of services to be provided by the Adviser, the nature and extent of responsibilities was consistent with mutual fund industry norms, and that the quality of the services provided or to be provided by the Adviser was or was expected to be satisfactory or better.

Investment Performance

The Trustees considered the performance results of each Fund over various periods in absolute terms and relative to each Fund’s benchmark and peer group. In conducting their review, the Trustees focused particular attention on cases where a Fund’s longer-term performance compared unfavorably with peers.

After reviewing the performance of each Fund and taking into consideration the management style, investment strategies, and prevailing market conditions during the prior year and for longer periods, the Trustees concluded that the performance of each Fund was acceptable or better or that, in cases where performance issues were encountered, Sterling Capital had taken appropriate steps to address the situation.

Cost of Services, Including the Profits Realized by the Adviser and Affiliates

The Trustees considered peer group information with respect to the advisory fees charged by Sterling Capital to each of the Funds, taking into consideration both contractual and actual (i.e., after fee waivers) fee levels. The Trustees concluded that the investment advisory fees paid by the Funds fell within an acceptable range as compared to peer groups, and were fair and reasonable.

As part of their review, the Trustees considered benefits to Sterling Capital aside from investment advisory fees. The Trustees reviewed administration fees received by Sterling Capital and considered the fallout benefits to Sterling Capital such as the research services available to Sterling Capital by reason of brokerage commissions generated by the Funds’ turnover. The Trustees also considered benefits to Sterling Capital’s affiliates, including brokerage commissions received by a Sterling Capital affiliate for executing certain trades on behalf of the Sterling Capital Special Opportunities VIF and Sterling Capital Equity Income VIF. With respect to these

 

29


trades, the Trustees considered Sterling Capital’s assurances that such trades were effected in accordance with board approved procedures.

The Trustees also considered information from Sterling Capital regarding fees for separate accounts managed by Sterling Capital with investment objectives and strategies similar to those of comparable Funds. The Trustees noted that a representative of Sterling Capital explained that management of the Funds was a much more intensive process than management of separate accounts, including management of cash flows and the need to comply with extensive and complex restrictions set by applicable regulation or established in Fund disclosure documents, and therefore the Trustees concluded that the differences between the services that Sterling Capital provides to the Funds and those it provides to separate accounts substantially limit the probative value of comparisons to those other clients.

The Trustees also considered the reasonableness of current and proposed advisory fees in the context of the profitability of the Adviser. In determining whether the investment advisory fees were reasonable, the Trustees considered profitability information provided by the Adviser with respect to the services they provide to the Funds. With respect to such information, the Trustees recognized that such profitability data was generally unaudited and represented an Adviser’s own determination of its and its affiliates’ revenues from the contractual services provided or expected to be provided to the Funds, less expenses of providing such services. Expenses include direct and indirect costs and were calculated using an allocation methodology developed by the Adviser. The Trustees also recognized that it is difficult to make comparisons of profitability from fund investment advisory contracts, because comparative information is not generally publicly available and could be affected by numerous factors. Based on their review, the Trustees concluded that the profitability of the Adviser as a result of their relationships with the Funds was acceptable.

Based on the foregoing, the Trustees concluded that the fees proposed under the Advisory Agreements were fair and reasonable, in light of the services and benefits provided or expected to be provided to each Fund.

Economies of Scale

The Trustees also considered whether fee levels reflect economies of scale and whether economies of scale would be produced by the growth of the Funds’ assets. The Trustees found that the asset levels of each Fund were not currently so large as to warrant fee breakpoints.

 

30


 

Sterling Capital Variable Insurance Funds

    
    

 

Information about Trustees and Officers (Unaudited)

Overall responsibility for the management of the Funds rests with its Board of Trustees (“Trustees”), who are elected by the Shareholders of the Funds. The Trustees elect the officers of the Funds to supervise actively its day-to-day operations. The names of the Trustees, birthdates, term of office and length of time served, principal occupations during the past five years, number of portfolios overseen and directorships held outside of the Funds are listed in the two tables immediately following. The business address of the persons listed below is 434 Fayetteville Street, Fifth floor, Raleigh, North Carolina 27601.

INDEPENDENT TRUSTEES

 

Name and Birthdate

 

Position(s) Held
With the Funds

 

Term of Office/
Length of
Time Served

  

Principal Occupation

During the Past 5 Years

  Number of
Portfolios
in Fund
Complex
Overseen
by Trustee*
 

Other
Directorships
Held
by Trustee

Thomas W. Lambeth*

Birthdate: 01/35

 

Trustee,

Chairman of the

Board of

Trustees

 

Indefinite,

08/92 — Present

  

From January 2001 to present,

Senior Fellow,

Z. Smith Reynolds Foundation

  24   None

Drew T. Kagan

Birthdate: 02/48

  Trustee  

Indefinite,

08/00 — Present

   Retired; from September 2010 to March 2013, Chairman, Montecito Advisors, Inc.; from December 2003 to September 2010, CEO, Montecito Advisors, Inc.; from March 1996 to December 2003, President, Investment Affiliate, Inc.   24   None

Laura C. Bingham

Birthdate: 11/56

  Trustee  

Indefinite,

02/01 — Present

   From March 2013 to present, Partner, Newport Board Group; from July 2010 to February 2013, governance and leadership consultant; from July 1998 to June 2010, President of Peace College   24   None

Douglas R. Van Scoy

Birthdate: 11/43

  Trustee  

Indefinite,

05/04 — Present

   Retired; from November 1974 to July 2001, employee of Smith Barney (investment banking), most recently as Director of Private Client Group and Senior Executive Vice President   24   None

James L. Roberts

Birthdate: 11/42

  Trustee  

Indefinite,

11/04 — Present

   Retired; from November 2006 to present, Director, Grand Mountain Bancshares, Inc.; from January 1999 to December 2003, President, CEO and Director, Covest Bancshares, Inc.   24   None

* Effective December 31, 2014, Mr. Lambeth retired from the Board of Trustees. See Note 7 for more information.

 

 

31


 

Sterling Capital Variable Insurance Funds

    
    

 

The following table shows information for the trustees who are, each, an “interested person” of the Funds as defined in the 1940 Act:

INTERESTED TRUSTEES

 

Name and Birthdate

   Position(s) Held
With the Funds
  

Term of Office/

Length of

Time Served

  

Principal Occupation
During the Past 5 Years

   Number of
Portfolios
in Fund
Complex
by Trustee*
   Other
Directorships
Held

by Trustee

Alexander W. McAlister**

Birthdate: 03/60

   Trustee   

Indefinite,

11/10 — Present

   President, Sterling Capital Management LLC    24   

Director,
Sterling Capital
Management
LLC

Alan G. Priest***

Birthdate: 05/52

   Trustee   

Indefinite,

7/12 — Present

   Retired; from April 1993 to April 2012, Partner, Ropes & Gray LLP    24   

None

 

  *

The Sterling Capital Fund Complex consists of two open-end investment management companies: Sterling Capital Funds and Sterling Capital Variable Insurance Funds.

 

  **

Mr. McAlister is treated by the Funds as an “interested person” (as defined in Section 2(a)(19) of the 1940 Act) of the Funds because he is an officer of the Advisor.

 

  ***

Mr. Priest is treated by the Fund as an “interested person” (as defined in Section 2(a)(19) of the 1940 Act) of the Funds because he was a partner of a law firm that acted as counsel to the Funds during the past two fiscal years.

The following table shows information for officers of the Funds:

 

Name and Birthdate

  

Position(s) Held
With the Funds

  

Term of Office/

Length of

Time Served

  

Principal Occupation

During the Past 5 Years

James T. Gillespie

Birthdate: 11/66

   President    Indefinite,
12/12 — Present
   From March 2012 to present, Executive Director, Sterling Capital Management LLC; From June 2010 to March 2012, Director, Sterling Capital Management LLC and its predecessors; from August 2008 to June 2010, Vice President Relationship Management, JPMorgan Chase & Co.; from February 2005 to August 2008, Senior Vice President and Manager of Mutual Fund Administration, Sterling Capital Management LLC and its predecessors

Kenneth R. Cotner*

Birthdate: 02/59

   Treasurer    Indefinite,
12/12 — Present
   From 2001 to present, Chief Operating Officer, from 2013 to 2014, Chief Compliance Officer, Sterling Capital Management LLC and its predecessors

Todd M. Miller

Birthdate: 09/71

   Vice President and Secretary    Indefinite, Vice President,
08/05 — Present; Secretary,
08/10 — Present
   From June 2009 to present, Director, Sterling Capital Management LLC and its predecessors; from June 2005 to May 2009, Mutual Fund Administrator; from May 2001 to May 2005, Manager, BISYS Fund Services

Krystle V. Edwards

Birthdate: 02/86

   Vice President    Indefinite,
11/14 — Present
   From May 2013 to present, Associate, Sterling Capital Management LLC; from March 2012-December 2012, Financial Advisor, First Command Financial Planning; from September 2009-May 2012, student at Campbell University School of Law

 

 

32


 

Sterling Capital Variable Insurance Funds

 

    

    

 

 

Name and Birthdate

  

Position(s) Held

With the Funds

  

Term of Office/

Length of

Time Served

  

Principal Occupation

During the Past 5 Years

Salvatore Faia**

Birthdate: 12/62

  

Chief Compliance and

Anti-Money Laundering

Officer

  

Indefinite,

09/13 — Present

   From 2004 to present, President and Founder of Vigilant Compliance Services; Director of Energy and Income Partnership since 2005

Andrew J. McNally

Birthdate: 12/70

   Assistant Treasurer   

Indefinite,

Assistant

Treasurer,

06/10 — Present; Treasurer,

04/07 — 06/10

   From January 2007 to present, Vice President and Senior Director, and from July 2000 to December 2006, Vice President and Director, Fund Accounting and Administration Department, BNY Mellon Investment Servicing (US) Inc.

Julie M. Powers

Birthdate: 10/69

   Assistant Secretary   

Indefinite,

11/11 — Present

   From November 2011 to present, Vice President; from March 2009 to October 2011, Senior Manager and Vice President; from August 2005 to February 2009, Manager and Assistant Vice President, Regulatory Administration Department, BNY Mellon Investment Servicing (US) Inc.

 

  *

Effective December 31, 2014, Mr. Cotner retired as Treasurer of the Funds. See Note 7 for more information.

 

  **

Effective January 1, 2015, Brian M. Moran replaced Salvatore Faia as Chief Compliance and Anti-Money Laundering Officer.

The Funds’ Statement of Additional Information includes additional information about the Funds’ Trustees and Officers. To receive your free copy of the Statement of Additional Information, call toll free: 1-800-228-1872.

 

 

33


Item 2. Code of Ethics.

 

  (a)   

The registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party (the “Code of Ethics”).

 

  (c)   

There have been no amendments, during the period covered by this report, to a provision of the Code of Ethics that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, and that relates to any element of the code of ethics definition enumerated in Item 2(b) of Form N-CSR.

 

  (d)   

The registrant has not granted any waivers, including an implicit waiver, from a provision of the “code of ethics” that applies to the registrant’s principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions, regardless of whether these individuals are employed by the registrant or a third party, that relates to one or more of the items set forth in Item 2(b) of Form N-CSR.

Item 3. Audit Committee Financial Expert.

As of the end of the period covered by the report, the registrant’s board of trustees has determined that Drew Kagan is qualified to serve as an audit committee financial expert serving on its audit committee and that he is “independent,” as defined by Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

Audit Fees

 

  (a)   

The aggregate fees billed for each of the last two fiscal years for professional services rendered by the principal accountant for the audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years are $61,595 in 2014 and $58,150 in 2013.

Audit-Related Fees

 

  (b)   

The aggregate fees billed in each of the last two fiscal years for assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s financial statements and are not reported under paragraph (a) of this Item are $0 in 2014 and $0 in 2013.


Tax Fees

 

  (c)   

The aggregate fees billed in each of the last two fiscal years for professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning are $5,688 in 2014 and $7,400 in 2013 Fees for both 2014 and 2013 relate to the preparation of federal income and excise tax returns.

All Other Fees

 

  (d)   

The aggregate fees billed in each of the last two fiscal years for products and services provided by the principal accountant, other than the services reported in paragraphs (a) through (c) of this Item are $0 in 2014 and $0 in 2013.

 

  (e)(1)

Except as permitted by Rule 2-01(c)(7)(i)(C) of Regulation S-X, the Trust’s Audit Committee must pre-approve all audit and non-audit services provided by the independent accountants relating to the operations or financial reporting of the funds. Prior to the commencement of any audit or non-audit services to a fund, the Audit Committee reviews the services to determine whether they are appropriate and permissible under applicable law.

 

  (e)(2)

The percentage of services described in each of paragraphs (b) through (d) of this Item that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X are as follows:

(b) N/A

(c) 100%

(d) N/A

 

  (f)   

The percentage of hours expended on the principal accountant’s engagement to audit the registrant’s financial statements for the most recent fiscal year that were attributed to work performed by persons other than the principal accountant’s full-time, permanent employees was zero percent.

 

  (g)   

The aggregate non-audit fees billed by the registrant’s accountant for services rendered to the registrant, and rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the adviser that provides ongoing services to the registrant for each of the last two fiscal years of the registrant was $1,089,000 in 2014 and $2,229,000 in 2013.

 

  (h)   

The registrant’s audit committee of the board of trustees has considered whether the provision of non-audit services that were rendered to the registrant’s investment adviser (not including any sub-adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by, or under common control with the investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.


Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

 

(a)

Schedule of Investments in securities of unaffiliated issuers as of the close of the reporting period is included as part of the report to shareholders filed under Item 1 of this form.

 

(b)

Not applicable.

 

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

 

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant’s board of trustees, where those changes were implemented after the registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

Item 11. Controls and Procedures.

 

 

  (a)   

The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c))) as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are effective to provide reasonable assurance that information required to be disclosed by the registrant on Form N-CSR is recorded, processed,


 

summarized and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms, and that information required to be disclosed by the registrant in the reports that it files or submits on Form N-CSR is accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, as appropriate to allow timely decisions regarding required disclosure.

 

  (b)   

There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Exhibits.

 

  (a)(1)

The registrant’s Code of Ethics is attached hereto.

 

  (a)(2)

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

 

  (a)(3)

Not applicable.

 

  (b)

Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes- Oxley Act of 2002 are attached hereto.

(12.other) Not applicable.


SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(Registrant)

    Sterling Capital Variable Insurance Funds

 

By (Signature and Title)

        /s/ James T. Gillespie

        James T. Gillespie, President

        (principal executive officer)

 

Date

    02/26/15

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

By (Signature and Title)

        /s/ James T. Gillespie

        James T. Gillespie, President

        (principal executive officer)

 

Date

    02/26/15

 

By (Signature and Title)

        /s/ Todd M. Miller

        Todd M. Miller, Treasurer

        (principal financial officer)

 

Date

    02/26/15

EX-99.CODE ETH 2 d857312dex99codeeth.htm CODE OF ETHICS CODE OF ETHICS

EX-99.CODE ETH

STERLING CAPITAL FUNDS

STERLING CAPITAL VARIABLE INSURANCE FUNDS

CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND

PRINCIPAL FINANCIAL OFFICERS

I. Covered Officers/Purpose of the Code

The Sterling Capital Funds and the Sterling Capital Variable Insurance Funds, (together the “Funds”) code of ethics (this “Code”) applies to the Funds’ Principal Executive Officer (“President”) and Principal Financial Officer (“Treasurer”) (the “Covered Officers” each of whom is identified in Exhibit A) for the purpose of promoting:

 

    honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

 

    full, fair, accurate, timely and understandable disclosure in reports and documents that a registrant files with, or submits to, the Securities and Exchange Commission (“SEC”) and in other public communications made by the Funds;

 

    compliance with applicable laws and governmental rules and regulations;

 

    the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

 

    accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to apparent as well as actual conflicts of interest.

II. Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest

Overview. A “conflict of interest” occurs when a Covered Officer’s private interest interferes with the interests of, or his service to, the Funds. For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his position in the Companies.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fund and already are subject to conflict of interest provisions in the Investment Company Act of 1940, as amended (the“1940 Act”). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Fund because of their status as “affiliated persons” of the Fund. Each Covered Officer is an employee of the Fund’s Adviser or Sub-Administrator (“Service Provider”). The Fund’s and the Service Provider’s compliance programs and procedures are designed to prevent, or identify and correct, violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside of the parameters of this Code.

 

1


Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Funds and the Service Provider of which the Covered Officers are also officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether formally for the Funds or for the Service Provider, or for both), be involved in establishing policies and implementing decisions which will have different effects on the Service Provider and the Funds. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Funds and the Service Provider and is consistent with the performance by the Covered Officers of their duties as officers of the Funds. Thus, if performed in conformity with the provisions of the 1940 Act, will be deemed to have been handled ethically. In addition, it is recognized by the Board of Trustees (the “Board”) that the Covered Officers may also be officers or employees of one or more other investment companies covered by this or other Codes.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the 1940 Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Funds.

Each Covered Officer must:

 

    not use his personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Funds whereby the Covered Officer would benefit personally to the detriment of the Funds;

 

    not cause the Funds to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than for the benefit of the Funds; and

 

    not use material non-public knowledge of portfolio transactions made or contemplated for the Funds to trade personally or cause others to trade personally in contemplation of the market effect of such transactions.

III. Disclosure & Compliance

 

    Each Covered Officer should familiarize himself with the disclosure requirements generally applicable to the Funds;

 

    each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the Funds to others, whether within or outside the Funds, including to the Funds’ Trustees and auditors, and to governmental regulators and self-regulatory organizations;

 

    each Covered Officer should, to the extent appropriate within his area of responsibility, consult with other officers and employees of the Funds and the Funds’ adviser or subadviser and administrator with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Funds files with, or submit to, the SEC and in other public communications made by the Funds; and

 

2


    it is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

IV. Reporting and Accountability

Each Covered Officer must:

 

    upon adoption of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing to the Board that he/she has received, read, and understands the Code (see Exhibit B);

 

    annually thereafter affirm to the Board that he/she has complied with the requirements of the Code (see Exhibit C);

 

    not retaliate against any employee or Covered Officer or their affiliated persons for reports of potential violations that are made in good faith;

 

    notify the Qualified Legal Compliance Committee (“QLCC”) promptly if he knows of any violation of this Code. Failure to do so is itself a violation of this Code; and

 

    report at least annually any change in his affiliations from the prior year.

The QLCC is responsible for applying this Code to specific situations in which questions are presented under it and has the authority to interpret this Code in any particular situation.

The Funds will follow these procedures in investigating and enforcing this Code:

 

    the QLCC will take all appropriate action to investigate any potential violations reported to it;

 

    if, after such investigation, the QLCC believes that no violation has occurred, the QLCC is not required to take any further action;

 

    if the QLCC concurs that a violation has occurred, it will inform and make a recommendation to the Board, which will consider appropriate action, which may include review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the Service Provider or its board; or a recommendation to dismiss the Covered Officer; and

 

    any changes to this Code will, to the extent required, be disclosed as provided by SEC rules.

 

3


V. Other Policies and Procedures

This Code shall be the sole code of ethics adopted by the Funds for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Funds, the Funds’ adviser, principal underwriter, or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superceded by this Code to the extent that they overlap or conflict with the provisions of this Code. The Funds’ and their investment adviser’s, principal underwriter’s and service providers’ codes of ethics under Rule 17j-1 under the 1940 Act and the adviser’s more detailed policies and procedures are separate requirements applying to the Covered Officers and others, and are not part of this Code.

VI. Amendments

Any amendments to this Code, other than amendments to Exhibit A, must be approved or ratified by a majority vote of the Funds’ board, including a majority of independent directors/trustees.

VII. Confidentiality

All reports and records prepared or maintained pursuant to this Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or this Code, such matters shall not be disclosed to anyone other than the appropriate Board and its counsel, the investment adviser and the respective Service Providers.

VIII. Internal Use

The Code is intended solely for the internal use by the Funds and does not constitute an admission, by or on behalf of the Funds, as to any fact, circumstance, or legal conclusion.

Date: November 19, 2003

As amended August 29, 2006, February 27, 2007, August 28, 2007 and February 24, 2009

 

4


STERLING CAPITAL FUNDS

STERLING CAPITAL VARIABLE INSURANCE FUNDS

CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND

PRINCIPAL FINANCIAL OFFICERS

Exhibit A - Persons Covered by this Code of Ethics

Principal Executive Officer and President

Principal Financial Officer and Treasurer

 

5


STERLING CAPITAL FUNDS

STERLING CAPITAL VARIABLE INSURANCE FUNDS

Exhibit B

INITIAL CERTIFICATION

 

 

CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND

 

 

PRINCIPAL FINANCIAL OFFICERS

 

 

I,                     , [Principal Executive Officer/Principal Financial Officer] of Sterling Capital Funds and the Sterling Capital Variable Insurance Funds, (together the “Funds”) hereby certify that I have received, read and understand the Code of Ethics for Principal Executive and Principal Financial Officers (“Code”) of the Funds.

 

 

Name:

Title:

 

Date:

 

 

6


STERLING CAPITAL FUNDS

STERLING CAPITAL VARIABLE INSURANCE FUNDS

Exhibit C

ANNUAL CERTIFICATION

 

 

CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND

 

 

PRINCIPAL FINANCIAL OFFICERS

 

 

I,                     , [Principal Executive Officer/Principal Financial Officer] of Sterling Capital Funds and the Sterling Capital Variable Insurance Funds, (together the “Funds”) hereby certify that I have received and read the Code of Ethics for Principal Executive and Principal Financial Officers (“Code”) of the Funds. I further certify to the Boards that I understand and have complied with the requirements of the Code.

 

 

Name:

Title:

 

Date:

 

 

7

EX-99.CERT 3 d857312dex99cert.htm 302 CERTIFICATIONS 302 CERTIFICATIONS

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the

Sarbanes-Oxley Act

I, James T. Gillespie, certify that:

 

1.

I have reviewed this report on Form N-CSR of Sterling Capital Variable Insurance Funds;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and


  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date:    02/26/15                         

/s/ James T. Gillespie

James T. Gillespie, President

(principal executive officer)


Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the

Sarbanes-Oxley Act

I, Todd M. Miller, certify that:

 

1.

I have reviewed this report on Form N-CSR of Sterling Capital Variable Insurance Funds;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

 

4.

The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

 

  (a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

  (b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

  (c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and


  (d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

 

  (b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date:     02/26/15                         

/s/ Todd M. Miller

Todd M. Miller, Treasurer

(principal financial officer)

EX-99.906 CERT 4 d857312dex99906cert.htm 906 CERTIFICATIONS 906 CERTIFICATIONS

Certification Pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the

Sarbanes-Oxley Act

I, James T. Gillespie, President of Sterling Capital Variable Insurance Funds (the “Registrant”), certify that, to the best of my knowledge:

 

  1.

The Form N-CSR of the Registrant for the period ended December 31, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

  2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date:    02/26/15                    

/s/ James T. Gillespie

James T. Gillespie, President
(principal executive officer)

I, Todd M. Miller, Treasurer of Sterling Capital Variable Insurance Funds (the “Registrant”), certify that, to the best of my knowledge:

 

  1.

The Form N-CSR of the Registrant for the period ended December 31, 2014 (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

  2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

 

Date:    02/26/15                    

/s/ Todd M. Miller

Todd M. Miller, Treasurer
(principal financial officer)
GRAPHIC 5 g8573123c.jpg GRAPHIC begin 644 g8573123c.jpg M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC M+B!6,2XP,0#_VP"$``@&!@<&!0@'!P<*"0@*#18.#0P,#1L3%!`6(!PB(1\< M'QXC*#,K(R8P)AX?+#TM,#4V.3HY(BL_0SXX0S,X.3H.$A8:' MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7 MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1 M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)BH*#A(6& MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76 MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`+D!0`,!$0`"$0$#$0'_V@`, M`P$``A$#$0`_`/0]>DU"/QS$8?[4EB:W<".V#*%&%RRG)C;J>&`.>_W:4/M7 M_K3^MM?Q*?V;>7Y_Y;^13(UM3=+$VK/;_O#8/B=3YN(]@<,2VT'=RYVGYNG` MK2&ZYM[KTM=W_"WGV(?X6U[WMI_2TO:_4U=:N-2NM29]-:\+J(TM?*$BQ>:L MI$WF?PXV@?>XQG;S6>MFX[_I;\[_`*&BLDE+SOZV5OZ];F7&-8PGF?VU]B^S MKYN#-YOVO8V<=]F<=/DSCM53Z\GGR_A:_P"._GY$1OIS^7-^.WX;=+>9TES> M:Y]OTC3+:>SM[B>REGN))[=IANC,*X`5TQS(>6ESG'E_9[5H=O7.=TCY[>GX]I++U`!0`4`%`!0`4`%`!0`4`%`!0` M4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`(` M!P!B@!:`,.Z_Y'K2?^P=>?\`HRVH`W*`"@`H`*`"@`H`*`"@`H`*`"@`H`*` M"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`,5/%>CO+CL_P"NGYZ>NFY-!XBTNYFAAAN&=YL; M<0OA3SPQQA3\IX;!XIVO_7E?\M172_KSM^8DGB+38KF2W,D[RQDJ1';2N"1C M(!52#C(SCIWJ;JURK6=A$\3:2_V8KG^!I7W\AVV(QKNCF*.4 M:K9&.1BJ-]H3#$=0#GD\C\Z=M;"V5RQ-?6=O<0V\]U#%/-_JHWD`9_H#R?PI M;Z!LKD!US2!"TQU6S$2OY1?SUVA_[N<]?:A:VMUV#:_D4KK_`)'K22>O115H\K_K3\+]1R=Y]@NVDWO^MK7^7],T;W1;BZU6 MVN%NH5LH`FVU>!B-RG.[(<`GIC((!&>M.+M)R8FERJ*,37?#>J7OB0WME!8M M"\#*_GR-MD.%`5TP1SC[RX./H,S"\;_U_P`-_7=EMK3Y?G?^NSU!_#&JOBX! MABU!]^^Z2^D4JS!!N"JBJP`0#81CY1SR:M-)KMI^=W]]_D1JXV?]=O2Q9U30 MM1UBYN&Q%!%^_W^?7N6[[3)SXET"R@U2YM'@TRZ4S0+&7H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`* M`*.KZSI^A:>]]J=TEM;I_$W4GT`ZD^PYH`Y;RM>\;Y\\3Z%X?)XC!VW=VO\` MM'_EFI]/O'VH`ZS3=+L=&L(['3K6.VMHQ\L<:X'U]S[T`6Z`"@`H`*`"@`H` M*`"@`H`P[K_D>M)_[!UY_P"C+:@#W0=GIYC/^$JT<`; MKF13N(96MY`R8QDL"N57YE^8X'(YJDFW9?UT_,ENRN6KO6;"PNX[:YG*2R8Q M\C%5R<#!DC)I%6=KE3_A+-&,/F"YD*]@+>0L1@G<%VY*X!.X<<=:-M M_P"MM^VZW%UM_7R[[/89<.LGC?1W1@RMIMV01T(\RVIM6=F)--71NTAA0`4` M%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`'.>(O%!TV MXBTG2K<7^O7(S%:AL"->\DA_A0?KT%`#O#GAA=(DEU&_N#?ZW;@,P M]<=J`."B\574.HZQ%>:[M2.4;#$D;",;U`0;@"CG./GR."<\&E#6"?\`3T;_ M`*ZK;<P\37MY_9,;:RB M7DH0R0O$D*L/,8,6#_-R!A0G.1SD5<+-KT7Y?G?7M;\9>D7?N_P?Y+[_`)FM MJ_A:]O\`Q$FJ6FI0VA6%D#?9\R`G&`2"`Z<9PV>_KQ$5:_G_`%_PWR[:TVG; MR_K_`(`QO!TSPNC:A%OGC>&YD%NQ:9'VY.6O?N3KOUUU]?^&5BQ?>&9]5GF:YNHXHK@+%/&D9)>..0M&`V[Y3@X)P<]L5# M5U9^OSM;_(M2Y;*/33[TK_\``*R>#;B.5+E=43[7';BS20VWR^2%(P5W_SMMVV\R8^Y91^SM^._?\-A=0T:UG\4:#8.]RD,&FW00P7, MD+?*]L!ED8$C';I52DY22[?S,9^T7DL^,9Z>8 MS8Z]L9_"I*+U`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4` M%`!0!RVO>);DZB?#_AR..YUIE#2._,5FA_CD([^B]30!>\.>&K7P];RE9'NK M^Y;?=7DW,DS>Y[`=AT%`&W0!1O=7L[!A'+(6G/W88QN=OH!0!3SK.I]`--MC MZ_-,?Z+_`#H`MV6CV=@WF1QF2<]9I3N<_B:`+]`#5C1&9E10SG+$#D]N:`%9 M0Z%6&5(P10U?1@G;8%544(H"JHP`.@%#=]1)6T0M`PH`*`"@`H`P[K_D>M)_ M[!UY_P"C+:@#!0` MBNKC*,&'J#F@!:`"@!&944LQ"J.23QB@#EKKQYIS7#V>AV\^NWJ\&.Q`:-#_ M`+OG.LZLFD63=;/3#F4CT:8\CO\`=`Z]:`.@T70M-\/V M9M=,MA#&S%W.2S2,>K,QY)]S0!HT`8MQJ4]_);HC*1^P]6H`NZ?I M=MIT>(DW2MR\S\NY]2:`+M`!0`4`%`!0`4`%`&)+XEMHO$JZ&+>=YO+,CN@! M"#C'&=Q'/4#'ZX(^\F^PVK6\RN/&FG%+,F*96NY)4C21HXC^[?8@.,">_P#D2R31W'C/19HFW1R:9=LI'<&2V(IM.+LQ1DI)-&_2&%`! M0`4`%`!0`4`%`%6]U*QTV-7OKV"U1B%4S2!`2>@&:`+5`!0`4`%`!0`4`07E M[:Z=:OH,ZC\'W"@`;PSXEAQ]C\;W8QVNK*&8'\@I_6@ M",>!Y-4?S/%6LW&K@'(M4'D6P],QJ?F_X$30!U-I9VMA;);6=O%;P(,+'$@5 M1]`*`)Z`&R2)#&TDCA$49+,<`"@##,MSX@8I;E[;2\X:7H\_LOHOO0!LVUM# M9VZ06\:QQ(,!10!+0`4`%`!0`4`%`!0`4`8EWX;AO?$-KJTMW<'[-DK!D%`W M'()&1]WD`X/YY(^ZV_ZZ_P"82]Z/+_6FHDOA>VDM&M!>7:6\C2F5%9<2"1R[ M*VVG]*_WV(%\&V:;66]O1.L8A6;[:W3;RWV^_\`JQ!JFC:9>^+-#L;S3[:ZM8=.N_+BGB61 M5(>V`(#`\X)&?>FVY.[%%**LC!8]^,XSM`SC) M_.D,O4`%`!0`4`5-1U33](MCP6D(_CFD"#]:`.:_X3O^T?E\-:'?ZQG[ ML^S[/;_]_'QG\`:`%_LGQCK'_(2UR#2+K7#W/AJ5@EK?/EGLR>!' M*?[G8/VZ&@#NE8,H92"I&01WH`6@`H`*`.1U/Q->ZEJ$FB>$TCGNXVVW5\XS M!9^O^^_^R/QH`EL_`>FKZS-/KE^IR);YMZH?]B/[J_@*`.H`"J%4``<`# MM0`M`!0`4`%`!0`C,$4LQ``ZD]J`,N;Q!9+(8K7S+V8?P6Z[\?4]/UH`A6PN M]7F$NJH(K5#F.T#9R?5R.OTH`V@`H````X`':@!:`"@`H`*`"@`H`*`"@`H` M*`"@`H`*`,.Z_P"1ZTG_`+!UY_Z,MJ`-R@`H`*`,W6=?TKP_:?:M5OHK6+^' M>?F<^BJ.6/L!0!R5[XOUG5/ETJ&+1K,\?;-14M,P]8[<<^G+8^E`"Z9X>MEO M1J!TN\UO4?\`G^U5P,?[BGA1]`*`.GSX@<#;'I\`_P!IGA!H`;/<0VMO)<7$J10QJ6=W.%4#N30!Q37NJ>/)##I;RZ=X;Z27P^6: M[]5B_NK_`+74]J`.MTO2K'1-.AT_3K9+:UB&%1!C\3ZGWH`N4`%`%2[U2QL1 M_I-W%$?[I;G\NM`%/_A)-.(RAGD'8K;OS^E`"_\`"00G[EC?O_NVS<4`)_;D MC?TCL8_[]PV]_P4?U-``OA^*9@^HW,U\XYQ(V MU`?91Q0!JPPQ6\8CAB2-!T5%``H`?0`4`%`!0`4`%`!0`4`%`!0`4`<]=^)) MK7Q9;Z,;$"&6,L)GDV%SQP@(VMUZ;L^W3)'WN;R_K^OZLY:),J?\)E+]A^T? MV9@QK<2SH\P!CCBDV'&`0S=\<#WJDKM>?+_Y-L)Z/E6^MODD_P!47=7\3#2K MJ1?LHEM[>.*6YD\S:R+(Y5=JX.[H2>1QZU#=DV]MOG:_^12CS)-=;_@44\97 M,DJ6RZ5']KDMQ>)&;D[?)*DY+;.&XQMQCGK3E[E^;[-[_*VW??RV)C[UFMI; M?COV_'$_$5SZ-]B\M3^+$5)0T^)O&-P<6?@9HU[-=:A&GZ`'^=`$4O M_"R=14Q`:/I,;\&1"TTJ#U&?ES^!H`=I/PWL[2[-_J%_N)6^?Z!CR M![#%`'5V>E6%A_QZVL<9_O8RWYGF@"Y0`4`%`!0!5O["WU&V,%PN1G*L.&4^ MH/8T`9D5W):/_9>MA98I@4CN&'R3`_PL.Q_G0!@.EY\.I=UI;W%]X7D;+01@ MR2V#'^Z.K1D]NU`$T&BZEXRF2]\3PFUTI6#VVD9R7QT><]S_`+'0=\T`=JJJ MB!$4*JC``&`!0!G76NV-M+Y*NUQTZ?6HM6DBO?K_PPK^'[":=9[E))Y5E&^_];;]]EOV%UO_`%\N MV[V&7"+'XWT=$4*JZ;=@`=`/,MJ;=]6"22LC=I`%`!0`4`%`!0`4`%`!0`4` M0W-K#>6[V]Q&)(G&"IH`QTN9_#[B&]=IM.)Q'<$9:+T5O;WH`E_MFXO>-*L' MF4_\MYOW3^%`!_8US>\ZI?O(IZP0?NX_H>YH`TK6SMK*/R[:!(D]$7& M:`)Z`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`P M[K_D>M)_[!UY_P"C+:@#<(I)0_[V(/<$%- MJQ,(RLG5N,*>16D4FX^=OZ_X*?KJ0]GWU].OW=-U^!OZ]X@N[?4REA=KE$B\ MBV4(WVN0RE9$/!.5`&=I&,Y/%1JDVM?\K;_UV\S2RLKZ;_I9?/\`X8R(_$VH ML$5]:*6S6ZRO=^7%^[N-C$V_W<=0#@_-VSS53]V_+K:]O[VUOS>WZ,B.MN;2 M]K_W=_\`AM?U1M7M_>0^)?#]S_9=Q=7$FF77F06[1AD)>V)_UC*,`\=<\]*< MTE)I;$TVW!-[F_IU_6[=,=\=:DHO4`%`!0`4` M%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0 M`4`%`!0`4`%`#4C2-=L:*B]<*,"@`CB2)2L:!026(`ZDG)-`#J`,.Z_Y'K2? M^P=>?^C+:@#M)_P"P=>?^ MC+:@#^U>*O^@-I/_@TD_P#D>@`^U>*O^@-I/_@TD_\`D>@"CJT'BK5+ M..W_`++TF+9DQ?;+:2#S/[2D;9N4KG'D#., M]*`+WVKQ5_T!M)_\&DG_`,CT`'VKQ5_T!M)_\&DG_P`CT`4=:@\5:OH6H:9_ M9>DQ?;+:2#S/[2D;9N4KG'D#.,]*`+WVKQ5_T!M)_P#!I)_\CT`'VKQ5_P!` M;2?_``:2?_(]`!]J\5?]`;2?_!I)_P#(]`%'18/%6D:%I^F?V7I,OV.VC@\S M^TI%W[5"YQY!QG'2@"]]J\5?]`;2?_!I)_\`(]`!]J\5?]`;2?\`P:2?_(]` M%'28/%6EVDR[[F>?=_:4@QYDKR8_U';?C/?%`%[[5XJ_Z`VD_^#23_ M`.1Z`#[5XJ_Z`VD_^#23_P"1Z`*.DP>*M+LY+?\`LO29=]S//N_M*08\R5Y, M?ZCMOQGOB@"]]J\5?]`;2?\`P:2?_(]`!]J\5?\`0&TG_P`&DG_R/0!1L(/% M5E>:GTF@`M[MYF9I'B; MO&F`!$?7K0!OT`%`!0`4`%`!0`4`4-9FN+?3'EM9%CD5EY9-W&X9'7KCO1]I M>J_,'\,GY/\`(YA]:OW+BWU7=;+=8DN=D8\M`P5AC&%&6&-V3A2>E)?"F^WZ M:?>T_O2W&]&TOZWO]RLOO-#PYJ^H:CJ#I>*R1BSA=%,17GO5 MM+7U^[?_`"%*R:2VUU[[?Y_UH;&M37%OH=]/:2+%/%"[H[)N`(&>F14]47!) MR29S-WK6HA[Y+/4A(L<@#/L3]P!N9\#'0#:N6ZG..E"UMVO^%[?KIY(SO[OG M;\;)_P"?WI%_0M,`P`9L8`!!&,#!YIK57?E^2_&X/ M1_?^;_R.AN/,%M*865)-IVLR[@#[C(S^=9U&U%M%QLVDSB1KVJ2#;:7XN+C[ M,CO'Y:#RW\M7P`!DY`;)/&9%`Z5K-).79-_K_P`#[F3!7Y;];?C_`$W\BUI. MNWD^O0VKWAN+4Y$;@1_OO]9EC@#@;`,KCMD'/!%73OY_FK/Y_<3?1/T_):?( MZ]L[3M(#8X)&0*A^11QB:SJ(1HH4EB`P'))X)ZX`7GK0G M>-UV7Y)V_/YM6"6CMYO\VE^-ODF6-&UG4;N:UA%U%/YDF9"\7(01(SX*D`8= MMO0]>>E:65]-M?GK9?UY,):+ST^3UT^Y?BCK#G!QP:@#B_[:U(7"0IJ*2W>V M0-`(E5?OR(A'5B2P7C.`$)/6A:K3LOO:7_!?S0;:ON_FE_5EYE>V\0ZD+NP@ M?4/-\R1%E)6,?.3&&3@=MS<#YAD9X!JHVE+R_/2]_O\`EW"2Y4UV_P`W_DM- MWT.\J0..O-:U"UNA&+]7N1+*%MEC55D4$8ZY.>0``>IST'"A>227]:R2_P`_ M))CE9-WVT_*+?Z_-HHW&OZQ;%XQ>F:2-]C*JQ`^9ND`3!`X(520/FYXZU<;2 ME'L[?^VW^Z[_`%(E>,&^NOY:/YL[^I*.2U+6;RSOYT?4E0I=[8H5B4;XPD;$ M$G)X!;IR2PQBDGM;5Z_G_2_$II6[;??K_E?T7<;>:GJUG%(MW?)"1'$S2+&H M\HLLA(YR#EE4=._KS3>BTU:;^=DK?YBA:3N]%I\KR_R.KMW=[:)W&'9`6'H< M54DE)I$0;<4V>B6X\M0#F,G:Q;/`(W$]<#`J(/OW?W: M/^O-EM=NR_-K_()=0UA;&\F%S'&YL'N85:#F,[B1GGDA<#\.2&63,<*EAM>-0 M5)X^8$XR/X^^,54K+;R_%O3\D_F3%7CK_6CN_O5_,Z73'FDTNU>XD229HU+N MA!!..2".#^%.6C$GQN6+7PMK46K296(,X8.@X+<9(;`XP"C_P"'^1GIJ>JFRMYY]0CABA&\$],'`[=:TOKVO^ M*7XKOM?4GKIW_1OI\D_0W=!NI;W2(IYI#(Q=P&.W)`<@?=X/`'(X]*&K6]%^ M0+J0:Y>3V,T`1>+SJW_"1:8+#^TFC*[66V#K'DM@L M6&5R!SB08(Z'-19OF7E^C_X'GL5HDGY_Y?UVWOT.3TB_^('EV-EOU&&`""*1 MY;+,BJ3&';+18)&9`)-5\-:XMS+=O=V\]NK)'"8Y8T.PRJFP!CP6P1DD8P33LN6+> MU]?33]=RGI.279V];R2_)?,HZGX@\4:6N+,ZQ!IZ6_$EY:!V3)&&+E#EN<88 MYZ`KGDJ+;E:7=?\`MJ_5[7UVL9RT5X_WORD_DM%OT[WTKF[\:&\.H3-K2B-W M$0CLRVX>6X1C'MP"<+D8`!/3.*(Z;[O_`.TOW\^^VE]4QW;LMM/SGZ>7RMZK M6T6[\4WWAOQ'+J?]J0W1");L+=P^`2-R)A#TP3M"GT&<"FU[B[WU^Z/SMO\` MB$;^T:Z6T_\`)OE?;\+F-!XC\;(\]K81:BS6^U6AF@,A2(J3YF]HR^[H55LM MCJIH3;5W_P`-\/;1[N_Z`]'9?\/\7W+16_,NOJOCF:PG6Y34OM">2R);6)"N M@>([M^$.\@N&3&,`Y"@^ M2_&RSN%A:>W:%6?$13*[57.2X''0$9.,DJ*U*7+O9?G+]+=NFB)C_$BGM?7[ ME_77U,F/6?%FGR6UM:RZH!-N>**Y@:221E6`.&,BEE3G07%G]MN(Y(U>*7["O[V4[-R'$>!&` M7(;C)'WCT,R35_ZTMOZ]EU[,TM'F:\W^8_[FU\LC'G`+E5&00$ZYZ@CG%"LI*^VA<;*+SPOH=Q;KJ*7T\C6MR%#(Z+)E1*P4+C;@')52,]!TJK+ MVJ71I?A9_P":!-^SDUNKV\]U^J?R'^#+37SX@>34EU!K:"$!7NKN=`"9)1Q& M1MD.-G+'@;2*(/\`=W>^G_I,?NUOKWNB9)J5EMK^;M^'X'H=26%`!0`4`%`! M0!B?\51_U"O_`")0!)#_`,)'Y\?G_P!F>3N&_9YF[;GG&>]`'GOB.?Q-'JFK MQ6$6M.DTGRS()E2``J0%50P8-@@-'@\_.*F'PJ_?Y]=/R_N[>9>O8QU:C'LOUE]]U;TT.=#^,_M<<4,.JC;)E)BUSM>3CM6BY4T^GXV\_7SU1%36Z6_X7N_TMMH^HS5[_P`; M6?BG5!I:7[V@G5HD-OOBO\`[?\`Y+\.Y4TK MZ=C/TW5?':WX#G5/L\L@>22:Q;/^KCWJJ^60H'S[<;02.I[U*R32Z7MW^U;Y M[?Y=IU;7R]/^&WN_Q[^A>#+G5[OPW#-KJRIJ1=A*DD(CV\\``<$8QSS3DDK6 M_K^OR)5[O^OZ\^ST-^H*"@`H`*`"@`H`*`"@#EM>N=1A\5:.EL;MK=V`>.)2 M$Z\DM@@X'4-CCH7:?+(!,` M`W!VKLR0Y'I?R_6_P`]K+\PGI>W]:*R^^]_T(;_`%?6I;YWT]KLV;NF M-EIN5;_RL_4@ MNM8\07=N5N-+$D8D96A.G2.CC;E.OYV]!RW:7]*TM M/R^\9>:SXKO-(>:*U>W`4H8TL9A*YVR<@YRHR$Z#(R.:J*7,K]U^2?YMKY%0 M^*SZ?_)6_+7YEF[\1^(+"V>2XMX(E);9(;.5M@!EP"H;+DA$.1C`;.,5,G:- M^MK_`()V\K=_D*G'FMZV_%*_SN7$U'5([N:6'28SYMD+IIXX#F4A,+'G/+;L M_P#`>/>JDN5RBNC_`,M?NO?Y$P?.H2?5*_XW_-6^9EP^(O$27%U=S:92(P3[CGI35N7U_X"^ZUV4M>5/OKZ67ZZ?>;VAZOJU_JMW; MWVG/;019V,T+(.&P,,20^1SP!CIS227*W_77\N_4B[NEY?Y?\'[C;>V@DG2= MX(VFC4JDA4%E!QD`]@<#\J73Q3J,.JZ_"DL$YLH6EBBV_(@4_Q$'< M#CL1@]B!12]Z*O\`S)?)_P!?+S'-6E9=OQ_K^DS6A\0R'Q'/8326RQ(2HCY$ MBG";223C#%\`8'X\TD[Q;7G^#>GK97]">WR_*]_1/3U,2+QMJ#M&";$AD#Y" M-\SG;_HP^;_6C<>?_'>N+2UMOK;U6FJ\E\_4<_=YK=/_`+;3YV_K2^C:^*[E MK#4KJ6.WF^RHC;4;RQ&S,P,;L20&7`)/'7I47]Q2[O\`1?YE->\UZ_A?\RC+ M\0_LP,LMM;&%D1U`N"K`$'<7+Y__`"/^9G)V3:Z+_P"2_P`A ME[XWU&"ZA;[';I`0TD<:W&6E`$W4E.!F-3QTXY.<44US:=7;_P`FM_F7)I0< MNBO_`.2M&E:^,99M:M],FL8(9))F@;_2LMD;^478-Z_N^3QC/2B/O+3^MOP\ MQ2O'?R_&WXZZH@N_'GV/39KR33@H@F:!U>?;^\527`)7!Q@`>N?:E&TN7S_+ M1?FVOD5R^\UV_P"#^EG\R#_A/5L(+@72+/*LTOE@2`,Z!IL8`'(`C`)YZY^K MMHOZZ+7\?P$]VUM9/[[:+SZG3Z%JRZWI:WJQJ@+LGRL64X)&02`2./04-6L2 MG>YI4AA0`4`%`!0!R?B2PU*;Q)I=U96LTR1<,PD`5.3D_>!5L=#R#T(Q4QTE M)^3_`*7]>?I3LXI>?]?UT\]C,M],\3?:[.;&I11*X8V\EXKA6RF=[>82ZX#\ M#O\`PXZZ)I/7^M[_`*6O?SL9RNUI_3Z?\&UO*Y+J6GZ_J.J&ZL_ML5K*HVH; MAHMF551PLH'RDEB-N3C[QR!4Q727]:K]+KUZ/2Q4L3W`IIWYF_ZV_JQ+5DE_77^NW97,U5\; MS><'9[8*S%"K0-N(63`&5X0MY?7YNN32CI%-[_\`[/\`]L4[<]EM?\-?QVO^ M!4N-,\6S:@]YY<@NE&$D)@VH0LX'ECKCYT^]SR>V:J%EOY7_``O^MO\`,3;Y M'WL[?>K?EKT[%H3:X/$=IINH237%L9SPT,+(\0\PAGXR#PG*X`XS@FE#6]]U M_P`"WSW\NP2T3MY?I?Y?C\B6[_X31--F,&7NDE9(MAA^=%4[7.[`^9B,C(QC MZTHOX7+Y_AI^;^=AZ7XOLH+B&PLV_>32RH2\.U`S3-@Y.< MDF/'!'TYI]$NWY67_!!ZMONE]^E[^70Z?0CJ1TM3JJLMUO;AF1FVY.W)0!>W-_K%MXCU18SJ MA1F`$D%J7"C/RK@HP`Q_&-W`.5R14POR6ZW_`$_X;UTV*E92OY+\_P`>O:WG M8T["_P!2_M"--5::2'"@[K,K$&_=^6RDJ#DN6R">,=!BK?7EWU_7_P!M_P"' M(VW_`*5M;^=].FFMC-34O&7E!6M+F:-;J`O*D:ARNY=Z!65,+@]<-CGYCU#C M:ZOY_EI?Y^2OIIW>NE+M"X\MK20.Q_ M>?/]XX&$0[>3\V,\BJT6_P#PVBOZ[O[B>]NB^_6UO+U^>Q4M-1\4QRSR10R2 M[M[;KBTF"D!IR`J%@5)Q&![$=>*:TBK_`-;?YO[BW9M)=7;TT6OW_B36FK7E M_>ZA=M802WMC"LT<2V\@8?/(I4$MAVVJP#`<%B/:I7NQYEY?BE?^NI.KLO7\ M-M?7IT]1VJZWXC-L+=--F4W-F[%H;:3?$YCD*@,"0&!"*?<\544N:SZ6_2_R MW+@U=/I?\+_Y:L6\\4>(8,QP:-.[)D.XLI6& GRAPHIC 6 g857312dsp2.jpg GRAPHIC begin 644 g857312dsp2.jpg M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC M+B!6,2XP,0#_VP"$``("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(" M`@("`@,#`@(#`@("`P0#`P,#!`0$`@,$!`0$!`,$!`,!`@("`@("`@("`@," M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$! M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,` M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I M*C0U-CH.$A8:' MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7 MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1 M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)BH*#A(6& MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76 MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`+@!1P,!$0`"$0$#$0'_V@`, M`P$``A$#$0`_`/T=_:"N_&>G?&KX7WVAS?%*]T]1I\46@>$[+Q9;Z,TAFUUM MTU;PZ;_1M2U*VTLP/?:+XMT9HYK:TM?[-O(3/>%,,++EQ6;*?M$GEV+?/ M"#G6H4X_V>E4HTJO-A\1#GG4]FJ+I8R&+7+45:I/)X/?%)?"_[27B37+F\L?!NM6EK#XFU31=6\*:SHMSKVI7%M=W5GH=S M>>&-*N](MXR3)=I)/UU7.A)>SP]'%5(K'.AAZ=9TZ*PP<<;B)2KE=#'YGA<[FJ511HTZSIT+0A*,<5S+"RRU. M32TZ!I[_%&/ M[0;1/M?_``A`%G_9_P#9PG^5;L#EPW^YOVOMN3^SL']1V]O_`&S_`&?-9E]< MG6_WG&>Q]FJRKX[EYN3V/]G_VQE?]F^SM M_LOMUE:QWM.7_;?9>V^N?[8Z%_7-/\1?'!6^!?P[L=:\)^'/%7B'X0^-O&/C M75_B)X+UGQUJ7]H>!M2^$>AVNFM8^'/B)X3BM=4N/^%AWDU_T]A_N_MN2/M_J__3CVW/['_IUR'+!4D\1[#G^J+$XG MZJJCJ>T^I_6*OU/VGMKU_:?551Y_;_O^:_MOWG,>Z>#;#XDV/]I?\+"\6>!_ M$_F?8_[(_P"$-^'NO>!/L/E_:OM_]I?VW\3?%_\`:OG;[+R?)_L_R/L\^_[1 M]H3[-R[%Z=-+'<4""@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@ M`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`&JB1@A%5`69R%4*"SL6= MB`!\S,22>I))/6C;RML']?WT""@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`" M@`H`*`"@`H`*`"@`H`*`"@`H`*`."7XJ?#-KCQ/:_P#"P?!:W'@F6"'Q=')X MFT>(^&9;F18($UPRWBC32]PP@'GE!YP:'_6*5$QG"5".)C.+PTJOL8U;KV;J MVO[.,_A(]G9\_L$FW5<=U",4IR;7NPE"< MK0G"4K]G\0/`>H7VC:7I_C;PC?:GXBTY=8\/:=9^)-&N;[7=)=)Y4U31K."] M:74].:.UN7%S;)+$5MY2&Q&V-?9U/:5Z7LY>UPL5*M#E?/1C+DY958VO3C+V MD+.22?/"WQ*\.48PIU')1IU9SI4Y-I1G5IOEJ4X2VE.#TG!-RB]&DR]:>+/" MM]KNH>%['Q-X?O/$VD1+/JOAVTUG3KC7=,@=8'2;4-(AN6NK*)DNK8AYHD!% MQ$0<2+F(-3IU*U/WJ-&7).<=80G>:Y9R7NQE>G47*VG>G-6]V5G/]U.G3J?N MYUHN=.,O=E."M>4$[.45=7E&Z5UKJ4G\?^!([O1+"3QKX22^\3%U\-V3^)-& M6[\0-%,UM(-$MVO1)JI2X1XF%JLN'1E/S`BBFO:S]G2_>3]E"NHQ]Z7L*E.5 M:G6Y5=^RG1C*K"I;DE3C*<6XIL)_NH2J5/W=.G5G0E*7NQC6IU51J49-V4:M M.M*-*=-VG&K)4Y)2:1UM`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`6F/K'Q,-W>?"^.[\:W=K8ZSH>F-K\^J M:AXLO(?!-S)X1NX=*T-+J.SM;?7?.;4X(/.C:.9HN>@ZE:C6E&E:M@\!A,SQ M5/F7+2P>-PTJV&]E4=O;8GVT?JU:BX4J5.4HU88BK2YI1[JT(4*E=3FU1HU\ M7A%+E_>2Q.`S'`Y;B%[-2<8T'5QT:U&K[5SG0I5/:4*-5PI2QM4^,G@&V^)W M[/GQ(\9^)O#GPXT'Q7\!?CB;6;QOXDT7P_:0:MJ'B_\`9LO3H0U35+RWM;O4 M8TLM0(2&0F5+":5%,:,5Z:].%*I:E5]M1E&%2E4Y7#VE&K"-6E-P>L'.G.,G M!ZQ;<7JC-*I"6(H58QC7PF(KX:JH24^W']!V:Z6.XH$%`!0`4`%`!0`4`% M`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`>7Z_\4M*L=1; MP[X7L;OQQXL'#:)H#1O;Z?DE!+KNLMFST>W60!',CO(I9=T8#`TTO^W4A7MI MV+GA+2?'K:A+KWC;Q!:J\]NT%IX/T"W5-"TI7=6$UQ?W"-=ZKJ`1%!*/B'J?AVP^&-AI^IZ_%J?AFWU37 M=8U:T2_N=>T#6KGQ=X?76_!VN7?@75K.'3K^2+2?-U;2GU6ZMYQ:+:Z7"+S/ M`^TPV`P^&J2E3JTJE"FI491C4P^&H93B,!4CAZTJ+M:U;Q*OB7PG; MZU++HUA?2^!["'4;+Q#J5W'=75^\6F_96UO6(H=.GCEC-.,WA%&="BJT"J?6.'\/D5+!3G4G4=*G@Z=+FI8N4\14KQHX:-6E2E&=4PEAXXF].I M6]A/'O"4L77LG)+#\15L_J8RU.,(U9XF=>=&>#C3P]+#J\J5:I%JC%MU\"OB M1KOBG5]:3Q=!X&T34$\2:G9:-;7R>)TM]4\=IX:?Q59W5C9>'/#NIV:21Z=K M%K)C*LZ+E3J[_6)UOJN(]C+"8B;PV*K-?GIU8/#4T\-2Y\+6J5)5H4?!WP&^(OAVU\`^&=7L/A;J/A+PO M:^&QK#>&M2UGP;?ZK<>%O&^L^*?"]A<6=SX+UV6]\-^'3>65]8:?;:SHPGOW MNH[EUL_DN.O"UYPJ86K7G4=3"X7"4HOF]LOK5/*:.78G&S35%U<1.,'AZ4YR MY%13Q4J/UB=*G@\:L7&AB:.&FXQQ&*SBHXN\$L)F.*=986$^:K[*%>+E]=<8 M2J(M>T M:PU.&R-[)ID6N:?I.HV\&J_V?=ZA=7-H\Z&2"65MCA'='SC1IQEB79R6*HU: M4X.4N6+J_5U.M32:]EB.3"T8*M3<96IT9N];"X2KA[E.G?E6&JNK!J,> M:SI5J,Z,Y--RH5(5ZBJ47>,XRJ4G^YQ&*I5Z,'P!^%]MH6G^&8]+\2-HNDHL M.E6D_P`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`21Y%NK`,LEK8*JNDA1W##)>D=M;?UL%GZ)=#U'P_X;T'PKI\6E>'=*L]) ML(?NP6D>TNPX\VXF8M+=3D=99G=SW8U-_P`!I6\K&W0`4`%`!0`4`%`!0`4` M%`!0!XAK_P#RWT""@`H`*`"@`H`*`"@`H` M*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@#SGQOXWGT2>S\,>&+./6_ M'6MQL=*TDL1:Z=:@[)=?U^5.;/1[)[M%%YJ%P0O^CVP_Y<=*@"K'!:1;41(TR"PS0W\DMD M"5CO:0PH`*`"@`H`*`"@`H`Y75_'7@OP]KN@^&-<\5^'M'\1^*))(?#FA:EJ M]C9:KKK^[H2J*E&I+2'M&KJ',]+ZQ6^DITXOWJD%*# M4OB)X`T6WGN]9\;>$]'M+76I?#<]UJWB'2=,MHO$%O:"_FT0SWUW%'_:L=E^ M_:U#&58U9RH520HM25#D:DL3&I.C9W]K"C6EAJLJ:6LHT\1&5&;C=1J+D;4M M!J+YJ\4FWA7359)?PG5I0K4E4M\#J4JM.I!2MS0G&2NI(OZEXO\`"6BW6BV. ML>*/#NDWGB258/#EGJ6MZ;876O3LT"+#HMO=7*/JDI>ZM5"6JRDFXB&,R+FU M&3KRPL8MXF,92=))^U48*3G)TU[RC!0FY-JT5&3=N5VGFBJ"Q7,EA;PBJUU[ M*\U>"]I\%YI7@KWDM5VM_#%Y#IWB2>?Q9H,,/A[4 M+BXDM+>QUR634`NDWDMW#-"D-T8G:2)T52RD#-2BZ=&M&2=&O.5.E--AG3G"I M3C4I3C.G-1E&46G&46FU*,E=--:IIV:V/=:D84`%`!0`4`%`!0`4`%`!0`4` M%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0!Y?X[\=W6CW5IX1\(VD>M^/M:C+: M=IS$FST:S)V2:_K\B?\`'KIL&#PE;W5U> M7DNN^*M:=+KQ)XEO%47>IW2KA885`Q9Z7;C]W;VD>U(T4<;B30W\DMD"5CNZ M0PH`*`"@`H`*`"@`H`*`/E?XL_"/QQXI^+OP_P#&OA*#PQ9V6F3Z##XBUZ\U M74(]1BTO0K_6-1EL-2\)7FG:CHOBNVD34I8].N$32]0TVYO+F1+ORYQ):/+G M]7Q^(J5],)4H5N:";G&K*G*6!HT<<8Z M4J^7X7#TKRK4*]=P4O<5'ZQ@<7AY55.+?M*/-4I>VPM6G453D]E!PIXO$UL- M1UCX"^(+>UUF'PK8^&K/S_B3XQ\9>'8M(\<^.OA@_AR/Q-X.L/#]OJ=M?^`M M*+3ZC#>Q:E)/I,UM+:7*7XE-VDJ%9,:<:U/"Y=AZ5?ZK6PF"S'!>WC%5E1CB ML_JYK0Y,+5:H8JC1H?5HRP]?V4%6H*E&3H7E(4:;QN9XK$4UB(8O'Y=CHTI> M[*J\+DM#+,2JE>/[W#5:U58B<<12]K)TJCYX>TJ/V6AXF^&'Q'\87#BX?04% M[X9T[XK:K>P:J-/T#Q%IVNCQ_X9T_3]`FA_M;4Y5O\`=I=Q<6"03V.G M3I>S1Q!6W7LYXZKBU3^J8?%8_+\P5"#]I/#_`-CYAF-7"X3F?)&I3Q="KAY. MMS1EA%6KQ='$3;1RRI5GED,!.K[?%8;`9CE_UEKV?UC^VLJRVABL5S+FE2E@ M\10JQC0Y)+%\O,ZV&5K\K;_`/XD:=KW@/Q+:W'@J[NOA*U[8^&M*N/$&O65C MX^T[4Y?%D4^J>-;R/PA'IY?@IX:&*PS=G*I7G/DGAY1I1I8/FH+$57/GCWUI0JU M,3"\H4*N+S#&PE%)3]IF.<99FLZ$Z7-RJ%#^SW2C755RK5)T\0Z%'V7L9K)\ M,]=TGX@_LX^`-/\`B+XD\&:EX5_9]^-EG=^)/!&G>"Y;B_&G^+/V:[2?3(;+ MX@^$/$]E:Z&T\R21K'9QW48T^U1;E8_.CG[<55A5K.5-U)0C&G",JK4JTXTJ M<::J5I+25:HH>TJR6CJ2DUN9\TYU,7B*D(PJ8O%8K%2A&3G&E+%XFMB72C-Q M@YQI.K[.,W"#E&*DX0ORKZ7\&^$]>\+_`-I?VW\3?''Q%^V_8_LO_"96'PVL M?[&^R_:O._LW_A7OP^\+^;]K^T1>=]O^W;?L,'V?R-T_VCGV#Y6L=Q0(*`"@ M`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`/-/&OC:[TV\MO M"'A"VAUCQWJ\1>TLY&)L-!L"0DGB#Q#)'DVNG0[@4B/[RX?;'&"6S32^20KV MTZEWP)X$M?!MM=W%Q=RZWXHUJ47?B3Q+>*!>ZK>8XC09/V33H<[(+5"$C4#J MQ)H;^26R!*QWU(84`%`!0`4`<=IWQ#\!ZMJ'B;2-+\9>&=0U/P7G_A+=/L]; MTZXN_#85'D=M9@BN&?3T01RAFF"A6AD1B'C95CVM-82>.YTL%3E*,J]_W490 M7-).?PW2UWZ.VL7:_9S6)I8/D:Q5:$9TZ-OWDH3?+%QA\3NW'2U[3IRMRU*; ME)#X^\#3ZGH^AQ>,O"S:WX@TZWU?0M$&OZ4NL:QI=W;SW=KJ.F:4UT+J^LI; M6UN94FAB=&2VE8'$;%=W2JQK8G#^SE[?`N4<132;G0<'%256*UI\KG!/G2MS M1_F5\8U:&Q:BZ%6Z]G64KZ[EL>,/"1UR\\,+XH M\.MXDTZR;4M0\/#6]-.N6&G(D,C7]YI(N?M5K9".YMV,\D2H!/&=V'7.//#V M.(Q"DG0PCM6J)WA1=F[59+2F[1;M)IZ/L:N,H3HTY1<9XA7HQ:M*JKRC>FGK M-7A)7C?6,ENG:@/B'X!W^&HCXV\)Q3^,K6WO?"-O-XATF"Y\3V=V(C:W/A^V MFNUEUB&43P;&M4E#>T)6B35.FZLWR4HU)4G.6D%5A.-*5/F=H\\:DX4W&]U.48VO))]C6 M8PH`*`"@`H`\0U__`).1^%'_`&1#]H/_`-3S]F6@?1^J_4]OH$%`!0`4`(S* MBEF(55!9F8A555&223P``.M`'RUXC_:W^'=IXEN/!GPWT/QM\>?%>ER./$.E M_!K1[3Q-9>%XHEN?-;7O%%]J>GZ#9W8EM)H!8+JK.T/[RC;RL'+Z?>=SH_[4_[-VO0K+I/QQ^&%T64.MH?&.BV^IE2.VD7 M5U'>D@X!'V?(+*",L`1!9KI:QMM\=_AJ\IZ9J>GZSI]IJFE7<%]IU_`EQ9 MW=NX>&:%Q\K*PZ$'*LI`964JP#*0%MY6&7J`"@`H`*`"@`H`*`"@`H`*`"@! MDLL<$;RS2)##$C222RNL<<:("S.[L0J(J@DDD``4`>4ZA\7]">ZETGP98:G\ M0=:A81R6OAB$2Z7:2,&\LZEXBFVZ?9P,RE?,668J1RM-1MO[J7];"OVUL4_^ M$=^*/B_+>*/$L'@31Y-W_%/^!W\_7'B8`!+_`,5WD9\B=3O!_L^W5&##Y@1P M[I;*]N_^06?H=SX5\$>&?!4%Q#X>TQ+22\=9+^]EEFN]2U&5=Q$M]J%U))/< M,&>1@K/L4R.55=QRF_P&E8ZRD!Y1\3?CC\*?@[:P3?$+QII&@W5YL72M"#RZ MCXHUJ:600P6^A^%]+CN-4U::2=EB46UI(-[@,5ZT;#2[=#QRS^-/[0OCTM?? M##]F]]&\+MQI^O\`QS\:#X=:KJ8+E?M4/@;1]!U[5K&QV1ET;46LYI$GB80+ MAEHV\K!9+KMV_I%A++]M_66/VK7?V9?`5LV55-*T/XE?$'4H595VRM=ZEJGA MFT\U?,<>2+-U#6JMYTB3E(3;Y![J[Z?+_,7_`(4]^TSJS[_$/[6UUID!+$V' MP]^"W@/P^BAE?"'4?%-SXFNY-C^7M9&@R@975F99$-@NET_'_*QZ!\./@UJ_ M@37KCQ%K/QM^,OQ*N;C39=-_LCQQKGAQ_"]MYLMI)]OL]`\.^%M*CBU)5LXX MUFDEFVK-<;5!N)"P%_*UCR7P;\!/%UEXI^,4?B'2_!$7@3QC8>)+72=#%[?> M*;#5=4\02:7?0ZQ'8^)=(GO/!6GQ7-G/)=Z/;ZEJ-G+=SI);6\,>G6TD_%4P MTZO#..RIN,<=.GAJ6%=_W>&>%P,L-"2K1C[:=*-1T_J<:T:M?`TJ+I0JR3YZ MW4JU.EGN79A33^K4/:2Q#C&,)58U\=BL14I2H?P_K$X5G]:K4ITJ.,G.=:K3 M=3%U:6"Z`_"?Q]8/\,GM['P5)'\-]/\`!]_+J>F>(?%6EZKK6I^&/!EQX?U+ M0]4\.IHLND^+8;J54ATW6]1DMKG28+Z5[>Q,\.;OUL=BW/-\YS>A1YU7KYK7 MP^']R/MUC<*Z-"-1SYX8'%1J.+KXW#RJSKX:A2P,TL/.JSR,MP3H9+E&3U:\ M83I8;*,+B:_*YJC_`&?CZ>*J2I27)4Q&%E3C-4L'5C2A2Q-2IC>:55TXTE\. M_!7Q1_PF7B#6O$D>A77AGQ5=^+M%I_"VH>'4T; M2(=)O;:>(ZWI]]/<:A:V=M;W%OY)1;3SJN$C#+,=ED*RQ#AA\?A<+5E%I5*F M(S>KF6'QLIRO6POLHR4)8*DJE&I7DLDL-DRRNOA%R^YBG5E&-98NI[*I3I^UP<*?L:U64Z,/P/\

$_A!X06/ MP&J>!]`^#MGK/B6SUCQ3IFLV^J?#'5K74KN!=/MM)-C\1?#$Z12_V=IVMC2$ MTR[EFU!1-<31BR]K$XV%?/\`$9JO:4Z,L5B,1!73=6GB<)5PU2E6H-^SA7:D MH1QT:M2K2I5)1I4XRI-XAU5%8+&86C%Q>(EF:A'F=*-&.,K*>'G2G27/"-.+ MOC<'9X?'JC0PU:?L.9KZXKS0"@`H`*`"@#Q#7_\`DY'X4?\`9$/V@_\`U//V M9:!]'ZK]3V^@04`(S*BEF(55!9F8A555&223P``.M`'QW\2?VS_AWX9O=0\+ M_#.QN?C3X[L&FM[G3/".H:?9^#]"O8UGQ!XM^(^HN-%T>19;>2)[2UDU+4%< M!399(H2Z=AVMO[J_KH>'?\(9\:[82JLDBAP^X!V`(!(I?H->[MI8\EU;]B/X#-;:F?`^E>*/A%K-_9SP0:Y\* MO'?C/P8]A=21LD.HQZ)IFNIHUU=1,4.;C3I?,6)(Y-R(@0V\K#NUYV[GS_\` M"KXK^.OV=/B!)\%?C;$CSW?VC4-$\0Z;:&U\/?$30[4`3^.?!ELI\O3O$%K` M(SXC\)H=]LP_M#3@]BY2UI:Z;-;":Y=8_#U7;_@'Z86=Y:ZA:6U]8W$5W97< M$5S:W,#K)#/;S()(I8G4D,C(P((]:G;Y`6:`"@`H`*`"@#'UGQ#H/ARW^U:] MK.F:-;R5R!G9%Y\BF:3CA$#,>@!H2[=`V\K'FS?%R+6"8?A]X2\2 M>.),NB:C#:G0/#(D0[2LFOZTL2?>Z&&"8$*2I.5W5RVW=A7[+8D6;X[7(5TL MOA7I2O\`.(KJ[\5:I#A3G@]U=]`U\E8>-,^-5Q MCSO%?@'3LG1&/A)!J\T<_C_ M`,5>(?'@A96BTR_D@T;PZKH=Z2OH6B1P0SS"3G,SR+A54J0.7>VRY;!;\#U+ M3].T_2;2&PTNQM-.L;=0D%G8V\-K;0JH``C@@1408`Z#M4CV\K%J22.&-Y97 M2**)&DDDD94CCC12SN[L0$15!)8D``$F@#YI\7?M8_"70=6;PGX/N]5^,OC_ M`/>)'X%^#U@OC?5H)8I$AD_MO4K"<:/X8ABDD'FOJVI6C(LL_#+]G?X2?">ZGUCPQX72[\7WV7U?X@>* M;R[\6?$#69WCCBFFU'Q=KTMS?_O%ACW06\L%N-HV0J!BC;Y!=_=T_P"`>VT" M"@`H`*`"@`H`*`"@`H`^-/C7\3_%?@_XZ?"K0;'QN=,\-ZM<:#;W7@S2;31Y M-?UNZU?4]7T^XN;G3_$.DJWB?0C%%91L?#NN6M[I+02W%Q97?VNS`>5KZQF> M+PT[54\-65.-[TZ,H_4I1G6IPY*]'2K6JPQ=ZV'J0I58-4*>!S%UWF/+1RK" MUZ=Z%18BNZM1NSG"G@Z]6E3HR:E1E/VM)4YX6HJ=2O+$8>E1J*OB<+4H9&N_ M$WX@:/'XELO$/Q*@\,VUA\2/B7I47C.P\/\`AZRM4ET'P1X?UOP5X'MM/\2V MVM6\:7]YJ-^Q#237]X^EM!;7$4ETJ+QJM7CE^75J-+ZUCGEF:UZ6'LW_`&EF M&$XFKY=1PZA3Y:KC/"P<8X;"SAB'!*HJLOJ]:<[I*G/,+;:X\+_ M`&'Q+;>'-8/@W0M2M_!]E'X(-&L?$?PSNFU/3[V\M[O3+*ZC2 M2TTN>POX1K/VJ63RK,@>C*-..=8W#X22QV#IX_`X?#13O&ME]7&YCA;&OB/\`5_"XJM3]ACY9?F&(Q":<94,? M1RS`8W*\%+GO2I_VE4Q510H5*;Q&*IQA]3G3<9RGYZ/C7X[;6/#]CJ'Q,?1/ M#VMWTZ_%7Q+]@\`VX^`>JP7OC%=+\)"XU+PS+9V7]J7>EZ7I6_Q/%JEP!$)X MI4;4[=EXL-+VF#C&&,IO M_8Z]6=2I"WK5H\N3!X?.,KP>!QW(W[=_7,#B<56]JY MO"UN5XO#TZ>&P]6#U]?^)WC_`$7Q%^S5XZC^&7BCXF^-_$'P(^+EGJ/A3PJF MDZ#J"3:MXA_9WU&X\1W\/B&^M8]%T=9=-MTFC/F/;S:W:Q,@`8KZ.-IQI8FI M"-+ZNUR.5'G]I["I*$95>[Y^3FN[G+#DOB(4J_UG#TL3B:= M"O>#^L8>EB*M+#8CFI1C2E]8H1IUN:E&-*7/S4XQ@XI=&WQ-_;5\0ADT#]F3 MX?>`@P)M[WXC?&JQUX$;V"M<:9X&T622%RFTF);F3;S^\).!R[?(NR77;R_X M)3D\%_MY^)D*ZK\:/@A\-T<,&/P_^'&J^(+Z'$C$>3)XZOKZW1BN!N>*;"X^ M7?E@]%\@T73;S_X!D7_[&_CCQV@M/C)^U%\6O'WA^=3%JW@^Q.G>#_#.L6Y( M+6^HV/AE+..\MRIE4PW$,T394LC;``:+IL%VNT?Z\[GTG\/_`(#_``H^&5C9 M6/A/P=I5HM@BI:W%Q;Q75Q"4"@26XE3R;*4[1EK6*#)+$C+,27>VR705K'KU M(`H`*`"@`H`\F^,WP8\&?'+P9/X/\807,)AN8=5\-^(])F^Q>)?!OB6QR^E^ M)_#&J(/,T[5K2;#!E)25"\,RO#*Z,;>5AIV^1\7?!OXH^/\`]GWQU-\#/CO+ M!*K?:K[PMXHL+22WT3QGH$)3S/&7ABW!*6-Y"S@^(?#,)=["5_M]E&;&<@4M M?)K^OO$URZKX>W;_`(!^DEO<6]W;PW5K-%<6UQ%'/;W$$B2P302H'BEAEC)6 M2-D965E)!!!!P:G;Y`34`(S*BLS,%1069F(5551DLQ/```R2:`/*-5^+.E&\ MDT;P1IE]\0M?C*I+:^'3&='T]FR%;6/$DF;&PC)5E^5YF##:R*334;?W4*_; M6Q5_X1[XL>)N?$7C#3O!6GON#:1X&L_M6J&%Q\J3>)-85C;72SM0I/0T[ MQ6RO;O\`Y!9^ECC=>NOV:_@W*-3^(7C'P5IVM,1G4_B-XLL-3\1WQS:?M?^#_$*1Q_!_P"&WQF^-`D)CM=1 M\%_#O5-&\(E4^59I/&/CLZ#I7V)FPJ2VLUT7!#QH\(:15L.UNT;?UT)8/CG^ MT%;@RZY^QMX^MK<[GB?0?BI\'O$5P8@0Z>;9GQ-8R17'D'YXQO`E4Q1O*N)& M-@LN^WJ./[5-WI[%/$W[-/[4>@!#AKJV^&-EXQL!C#D^=X$\2ZS,B+"=[2R6 M\<0VL@=I`%)M\@MYK3^NHY_VTO@98C_BHYOB7X-VE@Y\5_!7XN:5%"5PS&XN M5\&2P6T:PGSFDEE1$C!=V4`X-OD'*_N\T5G_`&TO@_K3"R^%%IX]^.NN-L4: M1\)_!&MZS%:M(_EH=6\1ZO!IFA:+$G^LE-WJ<+]0G^+GQ#C4D+:RQ^'/#\NF>'-.F:/=+) M'))4OOCA\1OBA\>;PK$TNE>,/$LF@? M#]+B+),ME\.?!*:3HZ1L[%C'>IJ&<(&9A&FTV^07MLN6Q](^$_!/@[P'I<6A M^"?"OA[PCH\"HL>F^'-'T_1;(;-VUFM]/MXDDDR[DNX9BSLQ)+$DV\K".GH` M*`"@`H`*`"@`H`*`"@`H`*`*\MI:SS6UQ-;6\UQ9/))9SRPQR36DDT+V\SVT MKJ6@=X))(V9"I9'93E6((O=DY1]V4H.FVM&Z;G3J2@VM7!SI4IN/PN=.G)J\ M(M#2:C%JZC)3BGLIJ,X*:722A4J04EJHU)QO:4D[%`%6ULK2R^T?9+:&W^UW M4M[].?VY\O,^KY*<*4+OKRTZ<*<>T(1BM$BU0!XAK_P#R MWT""@`H`*`"@`H`*`"@`H`*`/*?C'\'/!W MQN\'3^$?%L%Q"T-Q'JGASQ%I6WN(Y8)I(V-O*P+0^./A!\7?&7P!\;Q_`#X]^4OG?:+KP7XVM8&M_#WBS1T ME56U_0@S,+1T:5#K&@%FETRXD-Q;F6QN49JW\FOZ^\+M_KKWMMHG@?12@4M)JWB_462R541A)LMVF+A656#4K6W]VW] M;"OV/EK4OC]X`\8:A/I=SXH\7_M$:PCPC_A6G[-_AK6=<\%6LDV?*BUGQM;M M:Z1>P*R/(TE]KT`B1#(\9C:,,[I?"K6'ROKIY;?\$]$TF?\`:Q\565MIG@KX M>_"K]F7PA^^6*?Q;=GXE>.X8/N075MX1\(RZ=X=L+N;`F=+S7+YE&!*ID9A' M([1C\OD:J_LJ7GB3RI?B_P#'_P".GQ-?R/)NM(L_%<7PM\'7+N`)I3X:^&-I MH[ONQA5N;^Z\M2RJ?G(:__P`G(_"C_LB'[0?_`*GG[,M`^C]5^I[?0(*`"@`H`*`" M@`H`*`"@`H`*`/*/C)\&_!GQP\'3^#_&%M.@BGCU/P_X@TR1+7Q%X1\06JL+ M#Q#X=U`HYLM1MV9@05>*>)Y;>XCE@FDC6F0&+/(T@.[ M6WNV[:'U/I6D:3H-C!I>AZ7IVC:9:+LM=.TJRMM.L;9/[L%G:11Q0K[(@%&W ME81HT`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`13SPV ML,US<2I!;V\4D\\TK!(X88D+R2R.Q`5%168D\``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`'X\:GI=_;,6@O+"^\;?LPW%IB[#2;=HIM]$EK]R(+J%KFUN;9)6MWGMYH5G2.&5H M&EC9%E6*YCDAE9"P8)+&Z-MPRLI(.>(I.OAZ]!2]FZM.<%)PC-1YHN-W":<) MI7NX33C+:2:;+HS5&K2J./,J4XR<>:4+J+3Y>:#C*-[6YHM26Z::3/B?0OV1 MM4LM'U;2]6\4?#O4;:\UK5KO3M`NOA*FH^!]"M]0@URU?7?#?A6X\7PIX2\; MSQZPIDO-'N;6PCCM(K<:?,5^T'9^_AZ%%RJ4:D5BXNM1JSCBL/#$5\+5A2R_ M%U'4K8>G0^JJ=&-;ZRJ=:ISI2E24ZB<[8RKB4E65\%-1K*+AB:F%PSH2J9C0 M@H4,1*HYS4Y488:=1\U24XTZRPF']2U?X*:_XB;R=0\76EIITVAV7@'6HWT6 MZU;5_$?@+0]6L]4TAWU:77X%T?Q;-(-7CN]1%O?PRQZH'6SAGB4I?,JF,J8Z MO",98K&8;,*M"BO9TX8K+L=CL3EZHR?.XX?V5?"K%T91E*I.C..'K8>$^9\; MPW+ET,K524J6&P>*P%&K4?-.>'S/+,!@\QE7BN1RQ'ML+4E@ZD:D84H23KT< M3)NV'%^S=JEEJWA/Q!I_CVPBUKX9&[L_A?+=^#+BZL-%T/4SKT&J:=XKLH?& M-M)XMO)=+UL6L=[;7.A^4=-MYO(=WG$^-"-2A1K052];%X'"Y9BI\J4:N#P. M'E1PWLH._L<2JLOK-:LY5:52<8TX8>E1YH2[:LX5JM=S@W0JU\7BXPYK5(8G M'9C@LRQ#=11494%5P,*-&E[*-2G0JU5.O6J^SK0QM5^#?P_N/BA^S[\-_&/A MCP[\1=`\)_`;XY"T@\<^'-$\0VLVJZ?XO_9LLO[=_LW4[*>TM=2>.]U`"2") M#&E_-%&1&[`]%>I"I4O2I^PHPC3ITJ?,Y>SI481I4H<\O>FX4X1BYRUDUS/5 MF:=1RQ%:K)2KXK$5\35<(N$/;8JO5Q%;D@Y3<*?M:LN2#G-QARQ^3YV_ROMD^S;YK[LMO(=W]QW%`@H`*`"@`H`*`"@`H`*`"@`H`*`" M@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H` M*`/$-?\`^3D?A1_V1#]H/_U//V9:!]'ZK]3V^@04`%`!0`4`%`!0`4`%`!0` M4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%` M!0`4`%`!0!XAK_\`R+<6MF MM'^`M4(*`$/`^@[=>/3-3.ZA+EO=)VY;"Y9=.T33/#NCW-]>PWD7BBZT M`W=Y\/M4>PGT^#S&M+?2)K(%85+^QL&JOM%.&#KQPTXM\V(S+FQP]FZDX2=-6@J%&A'.<':,)2? ML:_/@I8E86K&%'$_4Z6(^L0EBZE+D^C]/\-_'!6^!?Q`L=%\)^(O%7AKX0^- MO!?C72/B)XWUGP3J7]H>-]2^$>MVNI-J/ASX>^+HKW5+?_A7=Y#?P-;VJ^?J M*R12N$9:[<;R_6:G+[)/W/:>PTP_MN2/M_J__3CVW/['_IUR'%#V2>(5#G6$ M^LXGZK[3VGM/J:Q%7ZG[3VS]O[3ZK['G]O\`O^:_MOWG,=[_`&_^TC_T2CX( M?^)!^//_`*&6N4O3N_N_X(?V_P#M(_\`1*/@A_XD'X\_^AEH#3N_N_X)P_BS M2_VD?$^O?#+6_P#A7/P0L?\`A7/CB_\`&7V7_A>_CRY_MC[=\-OB#\/?[-\[ M_AF^+^SMG_"=_;_M'EW.[^ROL_E#[3Y]N?H"LKZO[O\`@G@V&A_\`"N?@AI7V'QQ\,O&7VK_A>_CR^\W_`(5S\2?"?Q"_LWR? M^&;[?9_:'_"+_8/M'F-]G^W?:/*G\GR)3]`5EU?W?\$[C^W_`-I'_HE'P0_\ M2#\>?_0RT!IW?W?\$/[?_:1_Z)1\$/\`Q(/QY_\`0RT!IW?W?\$X?XFZ7^TC M\1?AM\0?A[_PKGX(:/\`\)WX'\6>#?[7_P"%[^/-0_LK_A)]!O\`1/[2_L__ M`(9OMOMWV;[=YWV?[3;^;Y6SS8]V]0%9-:O3R_X)W']O_M(_]$H^"'_B0?CS M_P"AEH#3N_N_X(?V_P#M(_\`1*/@A_XD'X\_^AEH#3N_N_X)P_Q-TO\`:1^( MOPV^(/P]_P"%<_!#1_\`A._`_BSP;_:__"]_'FH?V5_PD^@W^B?VE_9__#-] MM]N^S?;O.^S_`&FW\WRMGFQ[MZ@*R:U>GE_P3N/[?_:1_P"B4?!#_P`2#\>? M_0RT!IW?W?\`!#^W_P!I'_HE'P0_\2#\>?\`T,M`:=W]W_!#^W_VD?\`HE'P M0_\`$@_'G_T,M`:=W]W_``3A_AEI?[2/PY^&WP]^'O\`PKGX(:Q_P@?@?PGX M-_M?_A>_CS3_`.U?^$7T&PT3^TO[/_X9ON?L/VG[#YWV?[3<>5YNSS9-N]C; MY`[7W?W?\$[C^W_VD?\`HE'P0_\`$@_'G_T,M`:=W]W_``0_M_\`:1_Z)1\$ M/_$@_'G_`-#+0&G=_=_P3A_A[I?[2/@/0;_0_P#A7/P0U3[=XX^)OC+[5_PO M?QY8^5_PL;XD^+/B%_9OD_\`#-]QO_L__A*/L'VCS%^T?8?M'E0>=Y$1L#MW M>GEV^9W']O\`[2/_`$2CX(?^)!^//_H9:`T[O[O^"']O_M(_]$H^"'_B0?CS M_P"AEH#3N_N_X)P_A/2_VD?"^O?$W6_^%<_!"^_X6+XXL/&7V7_A>_CRV_L; M[#\-OA]\/?[-\[_AF^7^T-__``@GV_[1Y=MM_M7[/Y1^S>?<&P:::O3R_P"" M=Q_;_P"TC_T2CX(?^)!^//\`Z&6@-.[^[_@A_;_[2/\`T2CX(?\`B0?CS_Z& M6@-.[^[_`()P_A/2_P!I'POKWQ-UO_A7/P0OO^%B^.+#QE]E_P"%[^/+;^QO ML/PV^'WP]_LWSO\`AF^7^T-__""?;_M'EVVW^U?L_E'[-Y]P;!IIJ]/+_@G< M?V_^TC_T2CX(?^)!^//_`*&6@-.[^[_@A_;_`.TC_P!$H^"'_B0?CS_Z&6@- M.[^[_@G#V&E_M(V/Q)\6?$+_`(5S\$)?^$G\#_#WP;_9'_"]_'B?8?\`A!-> M^)NM_P!I?;_^&;V^T_;O^%C>3]G^S1>1_8V_S9OM>RV-@TM:[T\O^"=Q_;_[ M2/\`T2CX(?\`B0?CS_Z&6@-.[^[_`((?V_\`M(_]$H^"'_B0?CS_`.AEH#3N M_N_X)1T#0/BWK7Q;\->/?'OAKX<^%='\*_#GXC>$+:V\(?$;Q-XZU+4]2\=> M)OA3K,,\\.L_"GPE!IMC9VOP[O%9UN+N223480(D6-W)M\@T2LOZL>^T""@` MH`*`"@`H`*`"@#@_B5J6NZ-X0OM3\.ZA:Z9J%I>:.SW%WIPU,-8R:O8V]_;P M0M=0I#=36DLL<=Q(+A(F;>8)<`5*=L5ED'_!KX_`T*L=G*GB,71H2BI:\B?M M/>:3DX*482I3E&K`G[N#S2HM*N'R[,:]*72%7#X*O7IS<;>]RRIIJ+M'FLYJ M<%*G/YDNOB?XTN'NX]$^)7VKPY:_$*.WUSQF^E^"X)?#_AFP\167A;Q):);_ M`-D3V>AV":MX@M1I\^MIO55.C+"5JJQ$7% M.O.IED*V5\\6G3C/'8K"8VM.AA_>HT<=EN%FX8FDJM2G.-) M8?WN;#\F)QU7'58-2YJLFG4-4O4OF\0^)SJKV$5M)#J%W+!;V^GVTSI#% MHYF`5[F6*W]"<()9G>DZ%:AC5%47)IX:E)XJE'#N,FYU).6$EB/;N4E[*O1H MOEJ4JDJF>(=.E6P-'#57B[-8R.'JY>\-7A.E^Z4/J^*BFHQI2EB M)8B7)+#K"R/7?B=J.NZ-\.O'&K^&=0M-+U[2/"NNZII>H7NG?VM;6MUI^FW% MVDC:>;NV6X<>20@DE,:N5:2.5%:*3DORU,-?6F\1AXU(K24J4JT(U(0DU)4Y M2BVE-PFH[\C9VY=2IU\=A*%6/-"M5A3M=I7G)13ERM2<4VG*,90E*-XQJ0;4 MU\WZW\3/':S_`!%MO"7C1=?;1IKS,HTKPP)/"4WAW3_$_B'7+6VTNVT^6XDT MN."V\-:`U[K$L[W5_-?R6:0);[:J@J<_JSJUO8X+ZW557$RY8OZI]&KXOZUA85(>U>%RW$5L3+$4:T)O@A*3AA.2E*KCZ^&P4HX5Q;A5Q%;" MX'%TZ2E'DJMXK#4,-3\*:IJ^A M>(=&M3XO_L'6;**U;Q'J>GZ!XCBLM/U[73IL]IIT.E7^G7]JEE>#JS?-4I8B,*- M7GG4L&_72=2;2[BVM-16QNFL;J\LY-0M+>Z6%V@FN+&*\M'NX5D"EHE MN8"P&!(NRM%R4HIV)H4ZD7*$IQBTGR[M+>STN];6;5TG%NZ^/=)^*'Q!U25;+0?&L?B77;CPE MX+EU+1FT?PS:_P#"/^(=9\.^#O$EX=.LK.Q:_NPOAV#Q5J5U>7[?8$N?%6AV M%I&'AE1/3S:,<+_;KPT)1HX'&8Y4*GQ\M/+_`.U:LZ,HZG*DHV'PF8TJ.$QCY;2B\90J2A"I-RPN)]E*6'A1FDZG/SU?88:I57U>J_ MJTZU+E=-QKU\)@?;8"$:O-*SJ_:C!MK!"JOM M(1F4NJMCY2R!E+*#C(#+GID=:X)*7+)0:C*SY6TVD[:-Q3BVD]TI1;6EUN=, M;)KF3<4U=)V=NJ3::3ML[.W9['QG_P`+.\?QZI::9;>.K'6/%OV#Q='=>$H] M"T#2M,>6+Q?\0_!WA+4;6!UO-:NKN\UZV\/`6UO=R6]EIGA#5;C4)99;I)9R MG%UL+'V7-SU\ORANJN63P^*QV#R:O6JJFHQC)8>E/,<;B)5/W*^LX+#4J*=I M#O\`5TJN(A&I3H8W-)1I0;I2Q.&P%3$3>'#GB:'M?:5J=2&& MIR<;TWBGF.<4I1E&"4J:_LO+'C5SU$IRY(1<5B:5OKGI^']*P_`TV^1\BZS\ M3O%NA^(H;2\\;P7FJ67B'Q[+_P`(=I^@Z%IEIKGA?PU<6TRH&U`W^JW6K+%< MV.E6%EI=TMQ=7M_+=S[[6!XK7'">WQ%"FJ*A7Q,L-5C)3?(H8J6.SW+\%*$8 M:\M?%4,)4J.I>A@\!EN*E7JSQ%:$ZUXA4X8FK2=3ZG06+P4*<:Q\8OBAX;U73=$U'QTEQJ\&ISV7 MBFTCL?!%K'H]]I=YXAL=,LX8[G14EFA\06EC8:K_`&2DLVLW<6XZ*54-&W;@ ME1Q&8TJ--.K@9U,,J525U*M*KG%'"8S#SE#ECS8'"/V:]C&,J6(Q%*OBY/#) MRI\^82JT,'6KPA'#XB6'Q-65.[G'#260X7,:'+)W:C''5JU+VV);H3H8:='_ M`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`V$7AG4M=UV.*]L'1#JA:YDF@MX88+7LE"$:LW0-6KA9UJ*:4G&K6PV0YA5J> MS47'FI2S7`U:M*4>;V^'>'5-TX.HJWO?PYU:^UWP/X9U?4KK[?>7^EPSOJ/E M6\']IQEG6VU3RK.&*W3[9;+#=8MXHHO](_=HJ;5%5%**HNI1^K5IX?#5*U&T MU["O4P]*I7H6J.52/L:TITN6I*4X\O+-N2;,HM>TQ<(S]I2HXS&T:4[Q?/0H M8NO2H3YH)1EST80ESQ2C*_-%6:/+?C!XTUSPAJP+^-5\*>&F\(2ZBAT_0M$N MM;DUVV\=>!=(M[*#4O$T\VFI+JT&NOI$#W-K#;V3:E)>7+3"*-K3FA[2<(JX M6R2HK#YC4Q#E&=1I8?ZE.-6$:N:QJ7AN41:!'?V>K7FA_#+4+NZUZTOX;JQ:719O'.EZO.D= MND/VNUMK%K:YMH7D6YZL2H*>;.@G2BL#F6,PU.I"49X;V.<9=@\+&<7-RFI8 M&W5;`XS&U'3JTX1IPJQ= M3"X:M.,)4U5P-7V=&G[69Z[\,M5U77/AUX&UG7;N._UK5/"F@ZAJU[#:QV,5 MWJ-UIEM->7,5E"2EI')JC%:+HG%T\1CJ3:?L,9C:,>5-)0H8NM2@DG*4DHPA%+FG.5E M[TY2O)\C\4_$FM>&KFSEB\7V?A#PV_A'X@7NK:JWA^#5[W2+O1=$34++Q"C7 M=RT-Q;Z=&+B;^SS:'[1((Q)*8P89//53EQ%:-5RE3AA(UH0I\JJ2J1S3*\/* ME%S4HNKB:6*EAZ$FE3HSJ.I.G6?L_9;0IRG'`*C3C.O6S*EAVJCE[.5.IE^9 MUHQGRRA*-.-;"TZE:4:D)RA#EA5HKG<_+O#_`(]^)&HZ1IVNR^+["TT`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`YEB:5:,>3VUC1H81U+TJE2A4]<^$_BG4O$6J_$&SNO$\OBK3]"UVVM-/U"6PT3 M3_L\TZWDNHZ7!;:)$K6=K8S+%9I::L\NJH;1YKMC'>6Q;FPUZF5X7$37-.=1 MPC5V=:E'`Y;5C7<5[D77K5\16C&E>-&G4AA:C^LX?$1CT8B]/,Z^'C[M.-"% M3V=G^ZJ2Q^9T73YI>]4]G1P^'IRJ:0K3A+$48JA6I.74?$K5-?T;0-.OO#VH M6FFW`\9^`;"_>ZTT:DUSHNK^--"T?5K&U#W<*65U/97\L:W;I<^4&HV/Q-D\'_`!"M M-8L_">D?$'6X/$>H>'?#EXME?>'+>[T^#1#HFD+:&TTHZO)>G3VU&YEOIO\` MA#Y;FX>ZL;U([B<%[^#P6)KI3I267KFC>,\52QCP+A7C-7HTJ\Z>%S"O.C3C M5CA>4,#M"KBU2G2UY:7LZV-CB*3DI>UDJ+Q6489S M&M-N]"N[!REQ M?>,-.U76WU6:RCBU)-4N='@FMTM[B:&.U@MR`D[W2)M2A&6`JUY+EK_VEBZ7 M+K%TWUB=`4`%`",H8%3D`_W69#P<\, MI!'3L:F45).+ND^S<7IYQ::^3\MAI\KNK:=TFON=T+5""@`H`*`"@`H`*`"@ M`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`* M`"@`H`*`"@`H`*`"@#X@_P"-D?\`U9!_YGB@KW//\#<\,?\`#?\`_P`))X>_ MX3+_`(8\_P"$/_MS2?\`A*_^$8_X73_PDG_"-_;[?^W/^$>_M7_0O[<_LO[5 M]D^V?Z/]H\KSOW>Z@/=\_P`#*_:,;XF_\+6^&B^"?^%N3Z:]@+"[L/!,7B;3 M_#*7.JZY!:7>OZAXATE-0\.F_P!(TH37%QI/CO25L;FS<'1[R/5`R'A4*U2> M?4E*>I"*O.K%8G+.2%1P7MZ*C#ZRZ4[5L!4I/&PQ\*4HX2J?)_P MY\7?MOBU\$^$?M7Q4T;1((/A9X:UC5-=^%TMUXHTW3M0U#X=6/B?Q%!J?B?X M1S6-YJ-E<7_C^SNI]5U;462QTBTU![)%B.J:Q]#6CA,9B\2W6]GAZM3$RA.F MH4)*%'+,UJX2')*G15..-=#+ZM9TZ&E5>`I>=B%]2PN)^KJ=?% M48XB<%)NI"I4>8UE47[M7;HQ=*&&C"I"G5P?/7@L1=5:%/PEXE_;8\,Z\+:U MD^.5]ID&D>'[RX/BCP3>^([?6M1MO&WA;2KNTN[WQ'X4NVTQ)_#NJ^(+FY31 MI-+?9:FXRD=BIB\?+JM1X6$J]*$9*656I57*"C[?)\FAC'*K.:Q'+0Q,<3*; MJUY1I8E8F=?FJRQ#EUUZ-*#S)QK3E.#SU4JD7%R:P^.XWQ.`=.C!+#R=94$]8^*.D>#8O!N@Z9K6I"'2;K7_`.R[ZR^W7]Q;_9IM/O+E MY8)I=N3#/!TAB:F%I8;!2C[>E24947'%UI+$PA2I.- M)U(U(*$6EO7C&AFN=X;#XBPN`G2JUUR5HSP^#P#A* MI.I2^M)\SB_:07#^.OC#^T7X"B*>%W^.^@^`+#P2GE:M\2/AU::_K.D?:M3L M6TC5[KQ7J7@6_.L^*IH[F:Q%GKU_'?1C[/:WFA37V=2NL\/.M5Q=*CF#5+VV M*R7#MT*=+VMZF(X?PV)H488=2P^(K5J6*S*I5J8*GB85L53JO"PP-/#0I8CS M\4UA\-*K@*?M7"GGN(2KSJ>QY.=4G_`&A8(]-U'7H-!@TCX9WNKIJ=A)X"\7VO MA+6M4^'LGA."SM;^ZEM=#EO[5+/2[:#4+[$]K#>&")3!\U*$?K*]GB<71E&O M!/VE*A6FN"IXF%*LXXMTJ4%+.JM"M&.+]G6PN(IX2EBKXO!XU5G4J8BK2HP5 M7"X:OA)4*L[TIU:5/&<803J4XUL+3JRE?*:%:,I4)5<%4P=>O7PT/J^-PW=> M%/$?[3WB;X'_`+1^L>+[#XQ0^-/.\&VG@B!=&\?>$-?O]-TS7[NQOKSPI8:# MX6TC4;&[OM"M[6?4+GP[X=T^5S<-/_9T+N+=76C"G@RYY*::H2KRS3.J49N-"CD.,A@ M:LZ5!IXQRXCGAIQA7=#"5L;#GP$*?M)4Y3C3P4*U16A,YR_^-'[2NB>-O#OA MSPU#\3M!T.YO+>?2O!=YX(\:^.I+[P'HMU\)Y/$.L:?XM^+_`,+++X@^,==2 M76_B'#>Q7JK?6]K:V4D>G6ZFTN+K6E+GK356;KNC2=2O%4J5-X>+Q$<-@N2G MA+J="=">%G7Q,W5G]:J5OK52C5C6HTNN=/#PP,Y4.:G4E"M3H2E.M.-;'3R_ MB/%SA4GB8J-*K#%8+!?4\/%PH3H+DH+$4)*1QMOXL_:\T]YOBQXEU7XX://X M%+U-#^&/PX\0/I&J:%J_@N2Q\-Z9JATCQ=9"Z2+3(K? M4?.%O-;ZCTC+GP^*I5\9S2AA,3AOH[XB>(?VEY/"W[+OB#PM?>/G\3>(?#2W7Q)OO"/ MAF'5=/L)/%6O?"YISK6APZ!>:#'/I^@ZEXECM)[_`$U_(2SO;F/#1S2#KQ>& M>"XBQV71JRGA,)A*>%G6E%([;XPZ/?JGABVU7^Q?V?\`2]3CT_PG(_@I-1\; M:9>2^%Y)KCXB37U[XKM[CPY:Z#XC@CM;0W/]F:2MI%/J6-1QEA(U:2Y<14A. M=2G[T51QG]FX^K@<'04E4E5P>)Q=/`1QU:JX_4YUJE-YE0E>E1Z<92PU#&XB MCA)QKT*->M3H2E435;#0SC%4,17K.*I4Z=3#9="E5R]TZR>-2I5(X/&QQ$IT M\NY^)G[?UK:S:PFE^/;G7+>TTR:+P8OPJ\/MX7N]2M8_@/%/ITFJP^!SJ"6- M_-XR^);W4\>KYA/ARCW0/9C*>'HO$/"25=?6*\81E-6A3GF/$V&CR- MQ]3/B?]J6__`&89_'VJ67CK5/BKX1^( MFB:[I?AG2?#_`(B\,>*_$?AIK?1],\0>'=5\+6G@SPQ+JUI:WVM>(W@B72+F MWD@T:QG%U?O;B^FY,TP]-5,FI9=6?^V0S/`UJSG[D5C8YK@LLQ]>_(Z%3#%=>LES2QO@WX+_:"LOBYX3T'Q=+)M3UGQC\4_C'X6T2XFTV+X.II^L+>:=;WEG\09WNF\6M9^'=9E@TR]275R M9E%M(C>E0J863S#%>SIT81C5IX?F2G4C&>>\8TZ48X.JE2K.>`CE'M<5.7UC M"8;ZA7HJIST3R)?7'0PT9N4J^)JX:I7C'FI4U[3(\FK8F"K4TZF&IT<=+&QI MTZ<>66)A5PTW3;JRC^GM>6>J%`!0`4`8GB+_`(2/^QKS_A$O[$_X2#_1_P"S M_P#A(OMW]C?\?4'VK[9_9G^D_P#'E]I\OR_^6OE;ODW4*WR#T/,/^,B_^J*_ M^7S5>[Y_@+WO(UM#/QJ74H#XJ'PS;0EBNS>KX8'B@ZZ6%E<&S&GC5V6S,AOO MLP<3D+Y?F8(;%<^*;CA<1[+VBJ1I3Y/9J+J&;K2]7N?#FH327K2-+#J%[\/);K2" M+*X\FX2T7?#U?J\\JJRHPK4\#0KKV2>&-7\5^&_BY8> M"O`6J>+OB;KOB*PU^XU_7KOPGJVAZ-XFTS3#X*@TO3);;3=,3PW:1-J,"V]Z MT<,Z0P(J]*G@LGPN%J5GBZDI95*I4I1J5*U.E0Q->&8U)U*4WC)5<;1G2E/" M0E:A#"QE0E*IB*EM\)7IXCB3`8N="&'P&&<75H34%1K.K@F>++]O^%:SZ1IGBZ\FU&VE-HFC)%!]IBB MZ4Z#J\^*7LZ4W1>/I4M71RQ4L%&G'`SPR4I8V5>.+JU7A'/-84JGL\74J>S4 MVL"L+&&"A5G&M.,H&UUC2?&437$IFMKS2[E=0UR2/68H].M821`)([H7[BA7^M^RKXC$85.G[#D MM1E>G&A"7LVH0JQHTHU:E2G>I*I6K4<5&=67M,-Y<[U%16%YZ7LG@O:^UYTO M;K`X2695*3DN>K&KC7C,-&A/_8J48PQ6!:BJ:GX%8^./VU]#BO[6PB^+DVF1 M^)=:TU4U3X;#Q!>:=X&.E.G&6%R^&*J*%J]'V6&X-A4?*H\TZ]:>-SM8J=6 M%6NY4<76NJF"JRA6,E5I8S-_JE)5%3Q&85,+!N3HUI5*W&3P])RYXJ&&A]1R M!451J4:<*=?#KF]GC(<\G@;Q[^VC9:;XDL?)^*>#SXH^&NKZCK M_B369M=N+CP=J&H2Z]\.8H[;5;K6+B/2[O2[WQ'IJV6B,;J'2+**UCOUN,L5 M_9M.4Z-*&84J.1TE1A).,:RH9)#$0G5E5O4HU:4\UJ9ABW4Q5>EBZ<>>O0J1 ME'$[\M".-G!UJOU">+SBI5Q'+>JL*I\0.$J%!0E!U:,:.35,MPRHX7#U_;.A M".*A65/"_I3\(-1\3ZK\,/`NI>-CK`\8WGAO39_%*:]H=OX:U2#Q`\`.KVUQ MHEI!%#8I!?\`GPQ+$KH\,44BRS"02R>ECX82GBJDI%J>(HNG2]A6E4I>RI:XZG5E%4?[.KR@ZR?LJ,X)MK3XI:5I>DV/B.671]1?PIX77X>SZC>6VJ&_L6N?(\\ZA>)+5/#L\UY)]GM/-_L*8P(]ZL/"G-1AC)3CAZD,1*O-03J4J MSK4_[+P^'IJ$O;8/'8.<:F.Q'LL1]6E.K&6)P;I>S6N*BJ,X4Z$82Q%"->G. M#J/D=?#TLYAB?;36E*KA\;AL%3PU.%2,,3S4[3G#%2J8>/X.KX\\.>*?#VC6 MGA6^\*Z#JU]<7^L:1IOPKTCP=X9U?PW/X;UZ>'X@>)=4TKP;IZ:5\4;SQ#9> M'+2ZT)KZT>.&Y,:%R]QJU M(U\.\17S6+<9UXKV3M47L83Q/+6UG.NI2E4KXFKRUG!2K8I+-"Q<*TJ=&4\34C3]]XB<*6)KOQ'^-_B#3)+?7?ANFIZ;#KNK6-_X=E^!W MC76_#^MP?V2;_P`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`&VD@*<:4L-1:BHXF=>>(PSJ.+ MG1Q5#%9-0PS=2T7AJ/L7F&/I2J>Q=*M34E44XSC5[*34Y932E-4J$<;7H9E4 MA^[E_9F*RS`SKS46Y.O*GBZE7!0A!8A2I/&6HSC[:=/Z&^%7Q"^)?BCQGXJT M#Q;X`U#PKX?T2*^72[RY\)ZIH5HK66M/IVE16.OWFNWEIXOBU31575-UA8Z: M--Q]CG$\C++51C3J8;$5Y56ZT:M)04GRSG[1XSZQ"5)\TO\`9'1P\/K7/[+& M_6'6HTZ<$D_/[>L;E-BJS[@IV[%< MA6;.,!B`3U(%8XEU(X>O[)RC4C3GR.$5.:DHOE<82:C*2=N6,FE)V3:3+IJ/ MM*:E;EYHWNVE:ZO=Q3:5MVDVELKGP_\`"/Q'\9[CP;?-+=>.K_4K#XP>$]/U M+5_%GAG5'O->\.7_`(T@T[Q?#IN@ZUHUI-X.2RT]YVOA:3:_I5G#&?[,O+5D MG33N^BJ;CE4K0C1J/-8RI\\F^6EEE:K@*LL1-4ZZH3QL8PIPQ=*GC98GFHU* ME2@Z$)Y8YR689]"C&5+V=#`U*&D72IU)R3K8>G3@Y0J5HT>23KT:DL-5I3I5 MX4I3E.M4Z72_B%\5K30?'D>K'Q9)XCN])CM_"$&J>`);*>S^(4=MXWU3Q1X; M\'00>%[.'Q5X>TOP]H.E7FF:A=G48M0GF-N-0NY;A8$YJ2A4P&7OC<9"E2A1G.7(^2CB84'5J;XA>RQ>-^K1A M55-9A'#4:DE'"3J1K8N.21EB55@[8Z-.DL=?$4HX6'LZDJF$==JGR6K^.?VB MK>VN&\-1>.]6NX;2_/@6'6/AI;V$/C.T37O&UO?ZC\0Y#X.LO^$/UNP\/6/A M>ZTVP9O#`U&:YC5K>X-Y)!95247]7^M_[/S-+'*A^]^J8#ZK.5'&X+^)]9S* MM745B,"OKGL&_9_4JQTF!H$M;J=@LOF33B9RI/*_ MW,7*K'%O$TZ$O:.U.MC5@E"HZDJ-*KB,+#`UJSKU(0A.I6I*%*LX8>&&!C*J M\?[>?LU2^H^P<[4U>I1RWZZFN5SE"C7K8^-/V<:LOW,&YU*,9UGQ>C_&7X^V MFLV>FZIX"UO4+2]UWQ`MQ/=_"'QO92:=8W=UXJD\.6,.J:)J-WIPBL8+#PZE MQ=7*M%)'JBJM]+.))8\Z[J4L/BE14:]?#X/'NE+WDJN*P=/%U:TI6O*C3Q5')(XI-WFX5, M//%9G6KSFZE*E/#2IOV4:;IK/TGQ=^U`WB73EU.UM[O4[J^.G_;%^%/Q!TKP M%X?TKQ'_`,*'FDDGT2+QJ%UV738]7\>*EW>:R]Q!<:/JQ\VUM1<64/HRHT:2 MJT*=:-1TYXRG.M))^U6!EQ'5H2HPYDJ2Q<<+E=*G.G*<*E/&8:G)XG$*-6IS M>WF\H6+E0<<34GDE2GA(?Q*2QE.O0QBJSY)591P'XHX-3L(H[5)KHM)YTO'*\LNS''8:C*M4PU)5J=' MG46I/'8S#QP;FX+ZS.I1PJ_VRA"-&AB?:T*M'VM&=)=LJ=+#XV%#$S;PM'-: M>!G6IVE]9PDL+BL1+&TE%S6#?-0C&CAZ[K2Q%"4<71E+#UJ4B+6_C1\.-3\0>&M"/B'P_X=0W]UH%]<'1M>2PG\1:ZKWE M@D#6L-G&`LT,IN,<=24J>,PM&M-*>7UJM*M24X3]MB;GK4<5CY8NE M@,124Z4\)3A7J*5-J=3-T_XR?&_0_"F@:3_PK?Q;JFN:1X:L$\0:C=_#3Q_K M=W"QU;P#I>GZEON-4TR'QCJ[:)J_B>_O]/L-46Z\_3"TS6@MKB-_0S"=.IC, MRJTE"A2685Z=-4H)TU3^L<1>S]E1C*,I4)T\!DU.%>FY4**S'V[]I3=.E'R\ MMC6I9=@(55.OB?J6$FU5J)](DT'Q!JFBV%[K&CRVLUC)I]_/`CW$#V%S<3S: M>P-F.>)IPI5I0IM'=5UC2=(N M[:+5;Z368K?PWHEFNHRS:Q>26]MK^EZEI&M?V:R&*>"'6[355B33+^Q6$>8Y MEJ5+-<=5JR="A6RZO251J,VI62IQH)J<.:564?:T:U&47%4\10E"I0G6PKQ_ M+5RK"4J;YJ]#'NJJ<(ZR_P!G:INMK!NDI0E&-:%6E+""Q.9JOA M'XRPMX:BM)O'^JW]A\2]=U,Z]_PGFG6VGIX1E^),6I16_B;1K+Q1HUO=6=SX M-`AM572_$:6<"3V:Z);33).AA)JE7R^I7II4Z&%A#$J5YQJ-1Q\*J2?M;XEJ M>&J*7LI>WJ>RIPQN6QHRJEX]QG#,_JUFJR@\-""=.5.M_9N7QBX/]VU1IXVG MC(33KP49-XFKALU57V9"N@?&3Q%\0/%/B>SG^(.A>%_$WAF[A\,VMQXBT?2- M*\*:3/X'TF/3]/M/"BZ_<"W^(_\`PGD&I/-?WND7-I'IU[F#4$G1(TYJU.LL MIS>C3E)XZOAZ]2E)R_>3Q;KX>I@:6&G>V%PT<#*M0QUY8;$?7J472:IRJ5JG M3.>'CF627]Q;>+H]'L/#EG:>-;^]\<0W_A:_"^"GM6MQH"^*F`U^'Q M>JR32CPU>272R+=+XCBBB;3)O5JSH?7^(JE)1CA:[Q;P4)0=O:/%X.>&G1T; MHT5A(5J?LN3"^RE[?GAB95J-/$PQ,,1/ MGC[1OGA/VRGBU4J1H4HT*')/&1X*&#]L#4_[:2ZN;_PNMO=ZK=:=+97OP?U> M74+JUT#Q[)86&FBZ\-,EEX*O->7P!%"NI)+K2!KPW5[%$SO%QX7W,'AJF(7/ MC*6&5%*$:<9U95/J[GZ-94'F5&C2M7+_!U]*TJYM=$^.=K8S^"+,22W`TVWE\5>#4#>)()KUY; MZY64RV:W`7IP"P]+EC5JSH1Q-3`T\34WK^R]OE$:=X@\8&WT*&^MM82XTKP88;OP_!:65LTEM!J$<%Y?*EQE@%'$>WG54 M:&)PM'$2NFU'#U(4,##"U<,[SJ+%SK5<3.HZS>#JPE*GA;U,/7H47BX^PIUX MT:GM:%2EERHO:K6K5,3A5FE&M&48T:F$I4I5HT:5&+QM/V4\3B+X66&Q%36\ M0_\`#6UKX1UEM&62]\4V7B/4='T!-.D^%V=5\.:'H6K1:+XMU.#7(;.RA?Q' MK]QILMY80W=K+80Z?%]GAC\VXBDC"S7-E%3%TG::C6S"E#14IQKY=AZF#IMU M'*5*I1H9CF%&O&;JP^NPPM5N=*FZ>KC0>*QB4O9X/GC"BXW4H4JE7&XIU:*E M&?-5PM"M@%P4N);>);V-] M).'L\%0*&A3G*EB:GTW\*'^(#^#;9OB7;W%IXF.I:S^XOKSPY?ZHFD?VI0';3[6",@)N02^93J^S4,/R.#J>RC[;V:J*'M+RV564IYT"+PA\5=)$OB[Q#/!KFD?$;0 MM+\1V;R-,&\4>);`?$[3K/X@:B+K`LIUN-%L-1-SMZ+>?8K)M2ZZ,ES9: M[QH*A*K/E=/_`&:%-8C`SIT9X3GJK#RKQIXF%>$'C<-AJ495,)2=?'UE!XI\ M^.SFK[.G5AB'@5'WZJBZ+J+^*-,UV=?'-I9>.-4\0>,-$NO^$T M*^"?!^K6<7AO3M/L8[O06M[MHXU@TLR&]&/+&>7X2A%.EB*-7#XBHI2E*?U6 MDLDI8K#5*\9T9UYUL0\?6C&.(ISEAXUY0K8>4J-&#BX0Q=2JFW!_6X1G+V:C M:O6Q3RUQH>PK4J=;`T7#ZW5>%KT9RG17L<;"A4]IQ-YX%_:EATSP/,YO]EA5Z?'8?&_0OA&L/AC2_&;>,9_&:W-SHFM>+O"&J>*=&\ M*W3K)<:?X;\6^-M=\9Z?JR6\HB`N=?NI9Y8GOS!:V0^PVMOEC75_X3:>&G"H MJ=/$QKU53A1E*?+C9X5UJ2CRJ,:TL+3<:-2K5>&A2]KB)UY8BJL<%&*_M&5= M2ISD\,\/3J3E5IQY%@*6)4:E/DF_:4H8RM&4Z5.,<74:5'V"@I8&G67[64.D MVEUKNJZI(]*\/1_!_P`_0#9:UX.ACA\!3ZQIMM:W%_?Z-+XOF9_$ M<]];+]F51]DE-NDKQ,*4J>*I4^><)5JWLVN55/93GQ!&C3M)\BP]-+A^55RO MBGAY5^2<\3[6$5'VG-.5/ECR>RA2AB&VITE0RV=:KB'05_KW,LRITU1=/!?7 M)4W*E]24*BX_X5^`_P!I7P-X>L[>(W?A^/3SX.N9_#TJ_##4++7KB:#P9H_B MRZ\1W&FVMWJ#SZ?HUAK$J+H]_9M++;*L`N5\B&2\75]G0FJ,A0A&- M65*C5<^*,32G3BD\1/FKSR*T9\]XU9^TIRJ/%RA7(JV:YG6_>*EC\TQ&)]K) MT(8BM1YF'@ZJCF\*CY8.GR149T:<<+?5\":Q\<=?\$>-?%OAFWU#6 M/B!8^+/"]CI__"8:-\,-!G\4:-+X*\.Q^(=+.N>&M+@M9-`TCQ+K>KZC;^=* MNIPR:"VEW>V=)[1M<11A&&`IX6K]6PF/Q..A5J^[5KT<-.=;#X+,JU.$_JV( MQ.%<:=5_574PV,PJG['VLJE.472FE4OBZ<:U?#X#"5)PI>TC2^MTL?7KX[!8 M3VW+B"AS*<:,:^7<1X+#T(R;DJOM%BLJ2G72Y&ZGM9VA5J2 MSE2C]4P&&KS^LOV^21QCA[BK4:&/R[&YA6FFJ;I3IRP]6-&&'FU4IQE)1C4G M3@M=]4_:PO=V\+ZCI.@R^);5;RUU#6/A)%D6]M\.X+V7Q!#9?VR;W M0KF5/B'/%%HFH0:HLD\&]XH4MX*ZX?5OKE/F]W"R=63OSN,*3S'-G[.<8VJO M%PRW^R%@Y4YRPRK>U^N>V;J-8/ZU'!..D\73P\8.2LI5<8L#1Y*M)R_5.%#ZFJ474O]BUR'4%`!0`4`%`!0`4`%`!0!__V3\_ ` end GRAPHIC 7 g857312dsp44.jpg GRAPHIC begin 644 g857312dsp44.jpg M_]C_X``02D9)1@`!``$`8`!@``#__@`?3$5!1"!496-H;F]L;V=I97,@26YC M+B!6,2XP,0#_VP"$``("`@("`@("`@("`@("`@("`@("`@("`@("`@("`@(" M`@("`@,#`@(#`@("`P0#`P,#!`0$`@,$!`0$!`,$!`,!`@("`@("`@("`@," M`@(#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,#`P,# M`P,#`P,#`__$`:(```$%`0$!`0$!```````````!`@,$!08'"`D*"P$``P$! M`0$!`0$!`0````````$"`P0%!@<("0H+$``"`0,#`@0#!04$!````7T!`@,` M!!$%$B$Q008346$'(G$4,H&1H0@C0K'!%5+1\"0S8G*""0H6%Q@9&B4F)R@I M*C0U-CH.$A8:' MB(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4U=;7 MV-G:X>+CY.7FY^CIZO'R\_3U]O?X^?H1``(!`@0$`P0'!00$``$"=P`!`@,1 M!`4A,08205$'87$3(C*!"!1"D:&QP0DC,U+P%6)RT0H6)#3A)?$7&!D:)BH*#A(6& MAXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7&Q\C)RM+3U-76 MU]C9VN+CY.7FY^CIZO+S]/7V]_CY^O_``!$(`+L!0`,!$0`"$0$#$0'_V@`, M`P$``A$#$0`_`/U:^-OQ>\9?#SQY\.M)T=O#-IX/U2^A_P"$QU/4[&XUV^M8 M;JVUZ2VM[JPTC78-4\-Z=-'HMRT.M)HVLVIEMKC[0;>/3WBU%Y>OK&9U<+65 MJ')AH45"ZE5Q&)Q5+#*G[5*<*56,J^']C2KQIT\2ZOLU6@Y.KAWC$L/E5;&P MNJE&&+K3E*RITZ.#AAJDI\C<95J:C5J?69495*N%BJ+6'JNO!&5K/QL^).G7 M/BK0K?PYHMQXD7XZ6_PN\+1:1:7?B6SM=%D^%FF_$E=1U2'4-;\*KJ6J36_V MZ#RVU+2((9;N)!-.MKNO(2F\%E-5.,:V(PN;8K%.2;ITUEN-Q6$]G1LXSDO< MHRE/EE5G2A7J4\-*HX4%U5:%.C/&SO?#X?"9;6I+FY:E26/S!8&\[4YQI)]!34(3Q$8U'4A<\4?&_Q5:>#_``3KOAMO!RW.K_"7QE\6=8U'6-,U]]!O MK;P-IWANXO?#>C0OJVEWFC7>HW/B!FCO;W[<;*'3I3)8W;'*=%>-.CB\8XQG M5P6#^H35&FU/%XFGF&)]G2>&DDH2<*4&M:7[VOB,'3<:/M))&"P53$QH8:I4 M]AC:^:O*7)T_6Z2 MVLQX>\N\L);`R2!_M,>E+"3J5*6$]M'V\J.7XN5:,'*C[''9-G&<_5XTN=25 M6G#*OJD*[K.-6I6G7^KTU0]A5\AXV"PDL?["4:,*N(POU:4DL2ZM'$8'!QQB M]SE^H1J8J6+Q$N3FHX.6$M.4L0YT_4=$_:`T"QT#PS_PG$6NR>+-=NOB-96^ MG?#[X;_$CQTNK6_PN\8Q^#/$7B:RTCP3H/B.\T;0)+V_T&:,ZA.ZI_;UO`MS M$]$_MC;]CE M\[[!]I^S[X/M'E?:8/-R_0NUOZ_R.XH$%`!0`4`%`!0`4`%`!0`4`%`!0`4` M%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`%6.]LY;JYL8;NVEO;*.VEO+ M..>)[JTBN_.^R27-NKF2".;[//Y;.JA_(DVD[&P;?(#\\_#\'Q-O=<_:>T:T MU3XRM=SZ!XPO=+\0O;^)=)NM+UB"&QNO#?A?2/#_`(C@UO0[O4;BVGNK:RU3 MP7<0+-86XD>TMIKG398..'M/]6*LHJ3Q.'K8%QC+F=;%5/JB^MJ<=,5AY1J* MG+&T85:E"56KWMUXVT;XG>%]9N)?&]]I%KX>\$6VJ>'I= M!^+,'A_3M+MM$U^Z\5>*CXDT'Q4GA&[U:">:,7&CZ[H%WJ=P^FV\-N-UQ:2# MU*U?#X?&Y]5J\JP4<7FE9UK:8?#4\!0EAE0I256&*HU<32E3IQP485Z<\95K MR?L\+)2\/#4<74RS(J5-2EBYX7+*7L6XJ=7%SQ_L\5[:HO9UL/4IX6I&M4>+ MG+#3AAXTH6J5Z\2IH0^)>O?%;Q,FGZAXVM/"6J:;XROSXN^W>.H+=-)U;3/# MEQX#M?#'A;Q?X3;P7I^H6;2W:QWFB76IW96H8NAE6I&="K&O"NL,ST/;8>M MB,H4Z>!EE,HXESC#]W4E+,98?$\V.]EBJ0:+X: MU2TT"`/J,GCZQU-+J*\:'3$L;R&YN7^AK/#?ZRYM4A[*6"EC)TZ=.-EAZ>$> M`QZ6)I3FWAITXXFK2E'#T$L:ZF%A:K:MA(&6*BH9;5C3J!O%NK>'-=\3^$O# M^O:SX1OFU'PUJ>JZ7:7M[HMXT4D1ELIYXF:,`N)0A)19X+>X"B>VADB\JDWA MZ\L31_=8B5-T74CI/V;?-R\RU5G=)KWHQG4@FHU:BD3_`'E&6&J>]0DTW3EK M"Z<7?E>EWRQ3_F22=UH6=3\$^#-:M-5T_6?"/AC5K#7=0MM6URRU/0=*O[36 M=4L[>RM+34M5MKJT>/4=0@M=.T^&.XN%DD2.PMT5@L"!9<8N-<,,ZDJ46 MM*4JLJDJKIK:#J2JU95'&SG*K4_)& M3&%5))*E]7ISKU(4735H.$98FN[.+T MJRC\-DKDGP^\!2GQ$TO@CPA(WBX1CQ8TGAK1G/B<0LS0CQ$6LB=:",S%?MGG M;2Q(QFLN2"HQPW*EAZ=3VT:5E[.-;FY_:QA\,:G/[WM$E+F]Z]]2N:7M/;>[Y_9."INES?%[-TTJ;A?EY$HVY4D>97VFZ?H_[0?PBWNEZ)_LV5#+>_#WPSJ<: M*NG;9$5/$>O+!:DN3:VER0DI:7R2ZCTCYM=/\^Q]"_LZ?L]6/P-T[Q#?W6LW M_B;QSXYETV]\<>)]7NY=6U;6[_3$NUMIM0UR^3[;J4RF_NSEC!;KYQ$%K`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`] M2T3PAK&J3ZC8:QKW_"-:;//IUY[#488G%U<-%\OU;+ MW4K0A4IUYQS*&'PN(KX6,J7NRH8>G6E*==)PJ-PIX:==4L55HY5N6C@\7BE- MRC"I0GAYU(2P\)X2>-PN$JU)0J-S=6,Z]6%&"Y/:4L+7QU:.%A['"UO=_%WQ M9\#>!?$/AOPOXBU*]@UGQ3<)!IUO8Z'K>K0VLVFH1O-PH*M2E6FH\M)5(.;7, MKUQ\9?AU);:[=V>NS:K!X<\8Q^`-1'A_1->\37)\7/IUEJAT;3[#PYIE]=:I M/%9W\+3/:0S1PF.=960V\NQ)WI9?6BG*GFBKRPKBFU5AAOK'M:BY4^6G%86O M)5)\L)Q@G!R4Z?-52$J,\13J6A/"4Z%2LG**=*.(KQPU&,DWI4E7E"G[/^)% MRCS12U5_Q-\4?!/@W3](U+Q)J.H:7;:U9W.HV<;^&O%%Q?V^F6%M!=ZGJNLZ M59Z-+>^'=)TZ"YMFOKW5;>RM[$W$:WNFZ,?:5JD*=)RJ)5)-\CDHRLH0J5*+K4Z4Y04U2C&,)NK.JX5JD:5*BE[:M M5E"A6G"G2A.E\=OCC\,$?5XO^$BN6;1I?(D\GPWXJG75KA=>B\+26 M_A)X=$9?&]Q%XEN+?2Y(O#QU1XKRYAMY`LLJ*TQ4ITX5(4YR4Y4HQ@J<_:VK MTZ]:C4=#E]M&A5H87$XBEB'!4)X;#UL1&HZ-*'L^2 MA&A.JO:,J7-[55*U.ER>UDH'')XAT?Q5\>?@UK^@W9O=+O_@=^ MT0;>9[:[L9TDMOB)^S5:75K=V&H0076GWUM=P3V\]I=00SP302Q31I)&RKGI^1MZ;^V!\3]-NY+'QG^S_#=^28T:\\`?%#P[+< MM,6*R0GPS\2['P=J*.<*8_(:[#EBC&-E'F'*UTV#W?YK6Z/3_,]$B_;5^$%A M`D_CW1_BS\)8VE6`S_$?X4>,]+TN.4Y&&\1Z+INJZ(T`88%TFI/;."'CF>-@ MY6WD/E:_X<9XR_;1^$-AIL4/PKU*V^.?C34()I=)\(?#W5=/N8[>.`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`_]F7FC7&O M63W\P71FU"#4+:\TZ2":>.,QRQ12+=93@IX7+\*U'_889E!5.7]XO[0Q6+Q/ MM*$DTZ%6BL4Z/,_:QJ4O:IPBZL72Z)8CFJ3G:<.;"X+#6C.U_J>*>*YI^ZU. M-1M+V;7N3C"K&;E%(YV[^`OB6]T?2M`C\;V6G0>&O!6L_"O3=8N/#USK6J:K M\/O%GA_PG;^)S>0R^(K:"P\4KKOAXRZ=?*+FUM;98X;C3[T@R/T5IPQ53$O$ MPE4P^82HK%T7-\]:&"KRGA9/$)*<:TZ57$PQE11E[>6(=:'L*L8Q@L/B)8)8 M9X6G2A5PF)68TK0Y,/1QW/F"=*GAH2366TZ6)PRH895HU:;P[IK$.F_>I6W[ M,;V`T5+#QO#!#X`FNYOA5'-X7EN/^$<&H>/M'^(%[;^+'_X29#XT@-]H6GZ? M']G_`+`DCLQ-NDDNY!=1U#%5ZE..7RK5,6Z7,O:?7YXC#XV& M(]LX.T*.-HSK0P_)RRIXBK1J2FHT94L"]^#VCI\6?@SX+UO6_%5P8/AA^T]X MMU'5_!_B_P`;_"^]O_$7B/XJ?`#7=8DCN?`?BK3]1AT-M1\0Z@8M)N-2O($6 M.T,QN)[2*=9J3C*.%I4XN-'!X7"X2DI24Y^RPF'I8:G*I.,81E4E&DIU'&$( M.;]F@\K+8=_P`/ZZ'<4""@`H`*`"@`H`*`"@`H M`*`"@`H`*`"@`H`*`"@`H`*`"@#@_&GQ,\%^`+66X\2ZW;6LT<,DZZ;"PN=4 MECCC,K.ME$=\4(C!8SS>5"H&7D4+1?A M;\*X;BXL==^/.OV(O[NZ$$KP7%G\.=-G5(=?U`E6!OH";*W*DB^9VB#FB^0T MK;Z6V7^?;T/J3X.?L\_#?X)VUW/X:T^[UCQ?K+-<>*_B/XLO'\0>/O%NH2G= M(;P&7]])\QMK5;:V!^80[RSLMO*PG^6Q[C0!F:IHFC:W#]FUG2=,U:W MZ>1J=C:WT0SZ1W43J/P%"TVTL%OP/.+CX*>!UDFGT%-;\&7D_+W7A#7M1T8Y M'`(LUFELN/0VI!`P01Q5 MEZ-IEM=W5N\K07GB)M'L[=O$US!Y\PA:^WJ@N)@582D`O;9`[B'P5X3NKG6?&6K7$^F6=IX:T]O M$OB2\U".,&32/!OARU;=KVO`LJ/-(\-C9.\?VN=-Y\JDDM].R!7>VEMWT1YY MX"_9;\3_`!/G@\3?M$6L>A>%VN;?4K#X):3K,NIW.M7".EVNI_'#QI;,C^,] M1:^6.X'A^P:#18&AC\Q+EVF4IM^B70:M';?O_6Q^@5C86.EV5IINF6=KIVG6 M%O#:6-A8V\-I965I;QK%;VMI:VZ)%;6\42JB1QJJJJ@*`!BEMY6$6Z`"@`H` M*`"@`H`*`"@`H`*`"@`H`^-?VB/B?XI\"?$[X1:?I?C9M"T+4]4A75/"^EVN MCR>(O$)=&4*WHT,-2GF]*DXJ6&GALNJ4\/ M>2G*6*Q5:@U)Q?M*K@DJU;V,:!K_1?':>&+ MB[^&GB#Q#J%\-)T.34=6^*-CX:\'ZUX-^&NJZ!X@T:::PN_$-OK^HZ@FD6EK MIVK7L-I`-.EA1]TGKXZBL/G&9T<+2^L+#XBG#`X%2M'&Q>8NAB:?M[N<)8.G M&A0J6FI8>6,E5Q*_V><8^9DD88O)\GK9C6="6-G@EC,5>%/ZMA*N$QSK8^#E M%X?V7UK"R]GB9TZF#O1E3BIJK`XR'XV_$N5D-]XQ?27OKN\A^*%K_9OA%A^S MO#;_`!;T+PKIQ$DV@L;# MW]+^(/B]_B!\#/$[>$/%?Q4U.Z^%W[4>DVK^$I/A[I.J:WX9T_XM_`:Q\.>/ M)QXL\4^$]$-CJFAZ9H]XW]FSKYLFMPRVED+1F:V=>')'!.5+ZO7K8+`5L11M M./L,37P="KB:/)4E*K3]G7G./LJLI5:-O95).<),WIN+J8V%.O\`6*%#%5Z= M&KR\O/3A4DE'1)_[2_MOX9>./AS M]@^Q_9?^$RO_`(;7W]L?:?M7G?V;_P`*]^(/BCROLGV>+SOM_P!AW?;H/L_G M[9_L_/M\C2UNIW%`@H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`I:EJ6G M:-I]YJNKW]GI>EZ=;37FH:CJ-U#96%C:6Z&2>ZN[NY=(K:WCC5F>21E50"20 M!0!\`>)OC%\6/VH;R\\$?LMVY\/?#-9[O2_%/[1?B2RN(]`N#;S_`&2^T_X> M:6S0W/BNX3$P,R&&U9HO+GFCBDQ,UH.UM]+=.O\`P/S/HOX(_LV?#GX&V\]Y MHEO>>(_&^J1[?$/Q&\52IJ?B[6"V"]M'>,@31=%5@!%I>G);6J!5+)))ND=! M?ILELCZ!H$%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`%>:TM+F2TFN+6WGFL)VN MK&6:&.62RNGMKBS>YM'=2UM.UG=W4!DC*L8[F6,G;(P(GRMN/NMQ<&UH^1RC M)P;7V7*$)..SE"+M>*L=''H[7731IK3R:379I-:EB@"K!8VEK->7%O;0P3ZA M/'K3>KC%03>ZA&4YQ@GTBI5)R45HI3G*UY2;M4`>(:_\`\G(_"C_LB'[0 M?_J>?LRT#Z/U7ZGM]`@H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`\4^- M?Q\^'WP(T*WU+Q=>W%WKFL-):^$?`^@P'4_&/C+5%`$>G>']&A/F3?O7B22[ ME\JV@,R>;*K21K(#2^5CYMT7X-?%;]IR^LO&'[432>$OAI!/;ZEX6_9K\/WU MQ#832P3":TO_`(K:W`T4_B:\CV1D::BP6JNN51$:1+I[!>VVENO_``.GY^A] MX:=ING:/86>E:1866EZ7IUM#9Z?ING6L%C86%I;H(H+6SL[:-(K6VBC542*- M%554!0`*0B[0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`'C'CWXV:%X!\=>! M?A]L")[-S-;Z1;W\T$6'E1 M7GM(KTPG^UXS$X.G[KPE&G6J5))\D%6J.E2YE'FFH2G&2G6Y/94=)59PIJK4 MI/$+ZM@UC)M.,I5(TZ:?OS='V#J*-[0UKOFC1A-PGRU[GX[>'[ M?3?'&IQ>&O&5U!X`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`^B(#:^$/#L!=UBM[11(0S MY=8V6");>0-_)+9'T]0(*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`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`.TO[$L+;[=] ME^W7OD^=O\K[9/LV^:^[/;R*N_N.XH$%`!0`4`%`!0`4`%`!0`4`%`!0`4`< M!X]^)_@GX::;/J7BW6[;3U@M9[Q;,.DE_-;VT;2S3);[U$-NB(Q:XG:&!,$R M2H`2&E\K!>WZ(^$H?$GQL_;:GGL?!UQK'P7_`&;//DMM2\>VZ_9_&7Q'MHW> M*XL?`RWVUHY=9F@6S1RRV\=[+;/1MMTZ_Y#M;?IT_S_`,C[M^&GPN\" M_"#PI8^"_A[X?M/#VA6.9&B@WRWFH7KA1<:IK&HSL]SJNJSLH:6ZN9))&P!D M*JJJV^0OT._H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@` MH`\0U_\`Y.1^%'_9$/V@_P#U//V9:!]'ZK]3V^@04`%`!0`4`%`!0`4`%`!0 M`4`%`&!XC\4>'_".G/JGB/5K/2+),A9+J3$DSJ,^5:VZ!IKR?'/E0I(^,G;@ M$TTNP;>5CYH^*GQWN?#7AA_$^IWDZMK&FG5/B-XWU6Z=DL]" M^'O@.%FGO-5O,#R6F4L(W-R1#'!+)$[*/FUT$DWHM+'D7P^_9KUSXR7\?CGX M_:'>:!X*>\@U+P]\%]7U)]8\1^(FM7BET_Q%\<]>&T:IJ+/#%<1^$K-4TVS* M0?:UGN8I%5-OT2Z%*T=M^Y^AMO;V]G;P6MK!#:VMK#%;VUM;Q)!;V]O`BQPP M00QJJ0PQQJJJB@*JJ```*6WE81-0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`% M`!0`4`%`!0!\6_M'W'C&R^*7P7NO#S?$:]M$UN.%/#OA>/Q9IVB:K>R67B*6 M>9_$GAFXN-.M]2M[>VMS<6'BW2)M/FLWWPW5O;1ZP:K*5_PLUU4]ZG+#X>-Z MFE+#TOKE&&)K\LU*A7I>QJ2>(IWHXJ#HTEAIO$UL%RUC],DKRI6]M3CBY*-- M7K5:BCA'A:7-%QJ4)RJ*<,+57ML,YU*_URDXTZ7,WQ(GC/0H?B=;:G)\:?$D M5_\`'.V_X1==$'C;3A>:!=_";PW.L=[K_P`,?#,NL:#\.--\0G4*]AFT*M>7.W2DLSQ<:6+Q$*;BJ^)^JRI_ M4\)4]GAJRJPG&-"C1A7P_75<(5\57@H2I?4$M#TG7?BOXDO?"WP\\0Z-J>L>$]"^ M(/AKQ'?_`!KE\+>#-2^'-_XEL;2SM;B/1KFUO];N+A=:#Z+#=3I!K;+-`43K MKR]KF.,Q&$I4Z%2I5H++X590E@(NGCDL?'%JG^Y25-X5QO%1>%>-^J)R<$1@ MX82EA\)#'+EH3Q=.OBX1E7E7AE,XYK1E##3O+'2=.O05&,Z2+G_B;^2*FC]14+'_7/;_O'A;[^EW7Q9L?B!\#)-(\/:?XD\2-\+OVHX[6P^*7C/Q- MX*U"'P$WQ;^`S^$;K6-73P-XLU:Y\3IX<7PS'-::GI\-RQGN9+VZ2[MWBN'7 MTC@N?D^LK!8!8KV?L^3ZZL'06,Y?8_N/]Y]KS.A^XY^;V/[KD-Z?)[3&^R]J ML+]:K_5_:WY_9>TE:RE::H\W/]553]ZL+[!5OWO.?5_@V_\`B3>_VE_PL+PG MX'\+^3]C_LC_`(0WX@Z]X[^W;_M7V_\`M+^V_AEX0_LKR=EEY/D_VAY_VB?? M]G^SI]IY]OD::+8[B@04`%`!0`4`%`!0`4`%`&+KOB+0O#%@^I^(-5LM(L8\ MCS[V=(@[`9$4"$[[B<@<11*[MV4T)=N@;>5CS`^./&WC5!'\-_#G]F:3(%QX MW\:0SV-F\3;8V9HYYQ!!OCVNI!JK);O;HA7[:6/$O'?C#PU\, MO%&G^&-'L-3_`&@_VG==M#>:%X7DN;?_`(D%JRHI\2:^%W:?\-O!%O-)&WVF M1#<2&=8K7S3)F--]%[J70:C;7MU_R.W^%7P`O].\1Q?%WXWZ_:_$SXWSP2QV MNIQVTEOX+^&UA=%6?PY\,=`N68:5:HJK%-J\X;4;XHTDLD8E>,K;Y#OT6B1] M/T""@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@!JHB%B MJJI=M[E5"EW"J@9B!\S;$1(]6M-)L\E(VN'/FW$@&?)M+:,-->3XY\N".1LU"\@#R'Y&B:_E1)5E7"!L*7 M9+Y=/^"+7HK?UV/"-'^-?PKO=4%_\,?!OQ>_:O\`&1N)(!XMT?PS<2>#=.NH M\F1(?&?B\Z1X7T>T25?+1M.EO9$;]V&(C?RUS=%HEV&HVWTMW_R/1WM_VS/B M1'+'/=_"S]F[0[J.,`:"O@OH][9^&XK[5/$&NW"ZCXS\>>)+HZMXW\< MZSF1I-6\3Z],HEO)?,FG,5NGEV]N)G$$2;W+FWR"_P`K'K]`@H`*`"@`H`*` M"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@#Y^^+'QIU3X:^-?ASX9B\)V MUYHWC/4_L.H^*M:UJY\/:/8,T&H2)IFGZD=$N],;7RMF)DM-6U'2!<"2**U: M8R7$NG&"_P!JS"K@I_N8PHTIPEHZE:=6O&@E0IR<565&4H>VITYRKJ-6+ITJ MD_94L0\2EA\OJ8V/[R5+VLI02:A2A15&3=>HN;V*K1J3]C4J15!.A5=>M2C% M.536?CIK&D>#/CMXJ'P[U*6[^#.N:CI4>A-KFA1W.LV5AX-\.^+AKMW=K?/: MZ=8M;:Z9#!!+?78@@7$#73M:QZT*3JTN'9M^S_MW%QPLT]5@[YK5RR]2S;JR MC*FFU24H>UFH*;HJ5==4,+S9@\"I.26&I8B$DE>M[1UURTHRE%17[EM2KRHN MRDW&+Y(SZ3XF?%B]\!G3K?2?#$'B6_E\(>+_`!_J=K\-]9KV<6W[3(AIWC_1_A]>S^+8_P#A%7/@NW%YKNGZA%]F.OR/9^<&BCNHQ;2; MPPN(E*GA[0CC)4\)B)0GPO&8=8:6/3F\OA6JX-U>1*HL?3Q&'P4,/[%SNZ=;&UJE&.(Y^6-/#U M*]2,%.C"I@7GQI\$V_Q8^#/C?X@>(?"GPRLY_AA^T_X/O'\6>+-*TO1H?%OA MSXJ?`'0]4T?3=?ULZ9%JNZZ\.:O-:MY%O-/:VK3FVBV2)%-2$80PM6G)RI8S M"X3%TW**A-4\7AZ6)A&I&,IQC4A&HH5%&_$'P M/X[_`+&^Q_VO_P`(;XLT'Q/_`&5_:'VK^S_[2_L2_N?L/VG[#>^3YVSS?L<^ MS=Y3[XDL[[4] M0UVY,XM6M?!'@S3(GUGQG>+<,L7FV]NEE#(R&XN%A8N*LEOTZ`KO9;=>AY;X M:^%'[1'QDU2+Q-XJU?5O@;X=FV2IJVHIH^O_`!]UBTDCD!@T^V;[;X9^#%D6 M:.:..RAU;586$D4DT2R,BJ_3X4N@)*/]Y_@?0GA;]D;X#^&M3B\1:AX/?XA^ M+XU@#>,_BSJ^J?$SQ*[VP;R94O/%]U>PV+J\DL@%C;VJ+)*SJJG&%M\AW?I; MIM^1](PPQ6T4<%O%'!!"BQQ0PHL444:`*D<<:`*B*H`"@``#B@1)0`4`%`!0 M`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`'EWC?X.>`_B%K MOAWQ%XGT^_N-0\-W$'?U3$RQ='W:SC!+F]Z$9TJM.M1KQIRO!5Z-2E&5*KR\T M)1A47[VCAYTG6?UC"3P-7WL/4C5@X[/DKJE'$4^96E[.O"C3A6A?EG&*35U< MW+WX=^#K_3?'>D7>C^;I_P`3)+F7QO;_`-H:I'_;3W?A[3O"MP?-BOEDTW=H M.DZ?:XL'M0/L_FKB9WD>H3G3C@H0?+'+JRQ&'5E^[K+&2S!3UUE_M3^*(=7UN.>ZDEMK.7Q'XAL;73].NM%TK1-4\.01:7JEMYWA;4X=( MMY]0T6X,NGWT[-+=6TKG<53DZ52G7CK7ISE/G:3YG]8AB::G%IPJ*A6IPG05 M2,_8R3]DX1ERK.,Y4J-'#T9.A1H4Z5.FJ3<)0E0^M1IXB%2+56&*5/&5:/UF M$XU?8JG#F]R[K-\#_A@S:P__``CDR-K,OGR^3XA\3P#2K@ZY%XGDG\)K#K*C MP1/)XD@M]5DD\/#2VEO+:&YD+31(ZS%RITZ=*%2<52E3E&2G-54J-.M1HTW6 M4O;2H4:&)Q&'I8>4W0IX?$5\/"G&C5J0E#C!SYW3A?V=2ER\D/9\E6-&%7]U MR^SYZBPV'E.KR>UE4HTJKFZD(R7'+X>T?PK\>?@UH&@V?V'2]/\`@;^T.MO` M9[F[E+S_`!#_`&:;JZN;J]OIIKF_OKF[GGN)[NZFFGGFGEFFD>21F:YU)3<; MVBJ<*=*$8QC3A3I481I4J5.G!1A3ITJ<(4Z=.$8PA",8Q222%"G&DJG*K.I4 MG5FVVY3JU9SJU:DY2;E*K#I0O(-O*Q\O?%#]L7X-_#2QN99=?M=4O M425;6))UM+.YN(HUD-O;2S*;G5I]CJ5@TJSU"60X5$R)+RS5XRLWA'X7W9,=F98 MED\G6/&$\LJI=;H]*.P;B]OA5K=>O_`'9+?5KIT_X)]=?"/]G/X8_!MGU/P_ MIEWKOC6\MUM]:^)/C*\;Q)X_UP"-(G6[\07B!K.T9(HU^PZ='96:B-`MN-N: M6P[_`"2Z'NM`@H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`" M@`H`*`"@`H`*`(I)X87ACEFBB>XD,-NDDB(\\RQ2SM%"K$&6000S2%5R0D3M MC"D@6]ENDY6_NII-V[)RBF]DY)=4&R[)6_'1?>]$.5T8NJ.C-$P2158$QN45 MPK@'Y&V.C8.#A@>A%'3RZ?+1_<]`VTVZV\ME^3^X?0`4`>(:_P#\G(_"C_LB M'[0?_J>?LRT#Z/U7ZGM]`CS'Q;\:_@]X!$H\:?%+X?\`A>6#=OM=;\7:%87Q M*9#)'83WRW,TH*D;(XF;(P!FC;RL"78\"O/V[?@/=RR6'PZD\>?&C7%#+%HG MPH^'GBWQ+/).HW"#[=+IEK8*VW#,?M3;$(=L`C)MY6'9KRMWT,.;QS^VU\42 M\7@?X2^"_@+H$Y00>(?BSXDB\0>*C;L`S3P^$_"T%XEK<;#@6U]);,'#*95" MAR]%TV"R77;M_F_\C/M?V*?$'C"\CU;X\_M#_$OXA70D>5M"\)/;_#SPTD;J M`-/\VU?4-;ELT;YLPZK9%RJY58]T3EVO*W8-%TV[Z_\``_`^A?AW^S3\!_A5 M<1W_`((^%_A72]:B+M_PDUY8G7?%CR2NLL\TOBK7Y+W57EEF59)&-W\S@,>0 M,+;Y!=_<>Y4""@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`* M`"@`H`*`"@`H`*`"@#XR_:+^'7B[Q/\`$_X.^)?#'@>[\52Z#J\4:W]U=:!= M>%M&Q;Z[W.GZWX5N(9%TV>#7-`U"4S/&(;FSGNK+2H;MY4EA\XK8 MB;]C2J4<-&=67V:5+%TW6^K2@^>&(="I7@\-4IUL/B^:G"JH8=XV<*Q[]KDM M?#TW[2O&.+=.BK1C.M5CA8X?VW,G&I2=2D[U:(ER/UCX0>( M;:]\:RR>"[KQMX0U'X_VWC^]\$W^MZ+K4_COPK/\']'\-,?^*U\0I9O%I_C] M4OX].UB]LT1/#RM:QA8K)))M".795A72]K4PF#SK#0O*SPF(Q68XNO@\7*IK M*I)X250]I[ZBJF&S'V^*H0C M%?NHO#I(_AQX^\0>"_!GA.^\$ZAXPO_``)\._$/@*XA MOM4T%+#3/B+X@\+^#;OPC\1]'UK7-8@FO;+PP%U?29-8M8SK-O/-<36-E/O+ MMTUI.KC:V*I8GDQ-=X2%',G3M/#U<'BXO'8IX97?+F,E3Q<(4U*,OJOU2O[- M5)I%"K@\/&,9X52P4LQEF,\OC"FXRRRI/-Z=+*)0NL*JM"G+#TY8653ZG[*K M1J*LU3IHQH?@?\2860WW@Y-6ET^[O)?B?<_VAX14_M$07'Q;T+Q;IP*3:ROV M@6/@_3]8M/LGBK^RX$.K?V5"SZ>\DRJC4PL(X=RP=L'".7P^H\M.?L\7A\IS MC!XG,>64EAW[7,\9@8.A4RQUN7DP_LE4I2E#&5Y074/A7\0K_Q9\"O`^D^ M/]<^"NKP?#O]IW6I+GPS8>&MFHJIC:E.A]6H5L57JTJ/-S7^9ZCX2_96_9P\#&"3PU\$ M_AQ:7-JP>WU"\\+Z;K>K6[KG#1:OKD-Y>QMSU6X!_*C;RL%WWV/>+>WM[."* MUM((;6V@01PV]O$D$$,:_=2**)56-!V"@"@1-0`4`%`!0`4`%`!0`4`%`!0` M4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%`!0`4`%` M'B&O_P#)R/PH_P"R(?M!_P#J>?LRT#Z/U7ZGM]`@H`*`"@`H`*`"@`H`*`"@ M`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`*`"@`H`9 M*_EQR/E!L1WS(XCC&U2D5=O8J$>:<(:^])*T5>6KM[L=+OLKZO0_/K0OVF?BSPL_`OBN]3X@Z-?7^E06\'B'2]3MQ! M%<276H:;:QR0QK56HL-EZQ52,Y5,'0S*KB(3@\/4G7P>.^K4\'6C+VD,LE*$ M<3)XRK+%X*,L-]456MB&JU?2=+FS.KA"M<\/:?X?T2ZUSX0^* MOC%J\/B^SU&]M$L_".C>%M3N/!UK)8:QIK:?JMW)XG`&IS?;4M8M,FVG!NG.K",J$>2G[2C*=)5 M9.I!PL^%L?VB?B'JVI^!;"UL?".FK\6]1\2VGA=K_0-%[N+ MQ[%'XNMQX@U#4;>3;;PVA\/BWU!3:,;E?WE8JA/GAA?:P]NL+@L=*LHOV,J6 M-RC-UOC'6I:J?$>X;QK\#?BEXF\- M^+KG39_A-\>?"VL7WP^^''Q#^(.GV_B2Y\??`U=/(L?`^@:]?:7I>KVW@SQ# M?V$EZ-C06A3[1)(N74O9NGA*]*,J=/&X3!8R-.4E.=&.-PE#%JC.:A34YT56 M]E.:ITU*4'+DA?E6U-S4L;1G;GP6-QV#>5N9^K_`/#0?@/_`*`'QO\`_$9?VD?_`)U%0:6]/O7^8?\`#0?@/_H` M?&__`,1E_:1_^=10%O3[U_F^&7_"+Z!\;_P"P_P#A.+__`(6/ M_P`8R_'S_D3/^%;?$'[#_P`A'X4?:/\`DH?_``@?_(+_`-+_`+_^@_;:`2WV M\M5_F=Q_PT'X#_Z`'QO_`/$9?VD?_G44!;T^]?YA_P`-!^`_^@!\;_\`Q&7] MI'_YU%`6]/O7^9P_Q!_:#MO[!L/^$"T#XW_VY_PG'PR^W?\`&,OQ\_Y$S_A9 M/A/_`(6/_P`AGX4?9_\`DGG_``E'^K_TO_GP_P!.^ST`EZ?>OEU.X_X:#\!_ M]`#XW_\`B,O[2/\`\ZB@+>GWK_,/^&@_`?\`T`/C?_XC+^TC_P#.HH"WI]Z_ MS.'^(/[0=M_8-A_P@6@?&_\`MS_A./AE]N_XQE^/G_(F?\+)\)_\+'_Y#/PH M^S_\D\_X2C_5_P"E_P#/A_IWV>@$O3[U\NIW'_#0?@/_`*`'QO\`_$9?VD?_ M`)U%`6]/O7^8?\-!^`_^@!\;_P#Q&7]I'_YU%`6]/O7^9P_Q-_:#MO\`A6WQ M!_X5OH'QO_X6'_P@_BS_`(0+_C&7X^?\CG_8-_\`\(M_R'?A1_9G_(<^P_\` M(1_T3_GX_<[Z`2U6UO5?YGO\SA_A[^T M';?V#?\`_">:!\;_`.W/^$X^)OV'_C&7X^?\B9_PLGQ9_P`*X_Y`WPH^S_\` M)//^$7_UG^E_\_\`_IWVB@&O3[U_F=Q_PT'X#_Z`'QO_`/$9?VD?_G44!;T^ M]?YA_P`-!^`_^@!\;_\`Q&7]I'_YU%`6]/O7^9P_P]_:#MO[!O\`_A/-`^-_ M]N?\)Q\3?L/_`!C+\?/^1,_X63XL_P"%GWK_,X?PG^T';?V]\3?^$HT#XW_`-A_\)Q8 M?\*X_P",9?CY_P`B9_PK;X??;O\`D'?"C[1_R4/_`(3S_D*?Z7_<_P!!^Q4! M;;;[U_F=Q_PT'X#_`.@!\;__`!&7]I'_`.=10%O3[U_F'_#0?@/_`*`'QO\` M_$9?VD?_`)U%`6]/O7^9P]A^T';?\+)\6?;M`^-__"O/^$'^'O\`PBW_`!C+ M\?/^1S_M[XF_\)Y_J?A1_:?_`"`_^%-_BWX:TGPQIGQ&LO`UO\.?B-J'BR7Q?\'OB-\/M-/BR+Q-\* M;;P+'!K/Q#\$:.]S?'1[OXA%;+3KEU>-)I;J)C;6SQ`6LO\`@GOM`@H`*`"@ M`I-)IIJZ>C3VMVL&WE8\RM?@M\(;*WU:T@^&'@);37=97Q#J]G+X4T2XM+_6 MXX7@BU*:VN+)XOM,<#I4OW<,OE.>&4='0G.?/ M*5)KWH2ORQC).\*5.E1@XTJ-*$";=2IBJM1N=3&J$<1*3;]M&"@HQJ)Z2C>" MJ.+5I5G*M).K.HW5Y>:KX1\.ZQ/>ZY8^)';6='T_55@UW3-)L= M#T_5;*._MY5LKZWTO3;2!)X0DBK%@-3A*5)TITVXU*$JLZ><82DHM)R@I-.=Y-S;J4_93]ZC[".&]G_`,NWAX3KU(TI0^"4%/$UW:2> ME64?ALERWCWP_P"`_#6@>)M=E^%?A?Q*WB2_T./Q;:)H/A:%M?$FK6UO!J?B M>?4K=1K$&G2W/VH>:M[<`I^XB9SQDHPYLOP/(HX;$8ZA3C&R]E1JXJO&DZZI MJ_[QRJ63C%2G.252I3IN=6#E.<*>/QG._;8/`8NI>[4ZM+#86=1X93^S3E3H MJ#4GR1IQTA-QA2EQC?&6[\.`^&8/A[I5C?:=XET_P?I.C:3XHB;1;"QN5BLM M,:_O;#PSY&CR6ESJ/A*VO-.L;?4$L5\3V>V:9HVBK6E4JXU4*K;EBL2JDZOM M92:YZ7U!8GDKM2^L>SKXO%8=5$HQK5\LQT8-^SN3*E3PGUNE"'+A\'1E4I.$ M(I3Y8YIB(4Y4TTL.ZN`RN>-IQF^;DQ6$A4A3=9275?#7XPVWQ&UW6-$L]"FL M5\/Z!H=]J6J#4$O-//B*_O-6M-:\-:>_V.![U=(;3[7S+_9$DCZAY'E1SVEQ M''5)4Z^$6-HS;H5OJ\\.I1Y:E7#XBBZD*\HQE.--*K"MAG!3G+VV'K._L_93 MJE=/#5Z>%G9UU5S&C547>-&>7XBA046VE+GKPKPQ,82A3<<-4PU3WUB$J?>^ M.?$LW@WP=XF\5P:-=^(9/#FB:CK*Z-8W5C97-^-/M9+EX4N]2GBM[=-D;,\C M,S*BL8XY9`L4F:?[RA#X8UJU&DYOX:2JU(TW5FDG-QAS/>)/CKJOAJXUZQN?`U MO/J5EJ6@:?H-G;^+!,-3_MV[ULQ/KEU;^'I8?#=PF@:'+K8M$?4I_L=Y:^>E MM+.D;52C*K4PU!)*I6QOU2H[WI4>:4*=.HYI.7O,.6-G6=.G2PLZD8TI.%USU<93H5)2BJZRO&U$HPIMKK M_`WQ;T_QCK4_AB71-3T?7;"WU5KUY9;6XT">]T/5?[(U>RT'5)I+6\US[+<- M;R22II<"QQ7EN9A"\R1ETE&M0^L4FU3]G@ZJC./+4<,9@\/C(348N:]G!8A4 M)U')1=>$X1O9-N;E1G&G./Q5*]-2B[P3I8G&X>$9R:BHU:L<#5KPHZS]D^9< MRA4")I%M;>34+JVMHYI"NU6G MGAC!.6=1S7)C,1]3PF(Q7LW4^KTY5.5-1T@FW>3O9)*\FE*7*GRPG*T7O0I* MM6I4>=4_:24>9INUW9:+5M[+97:NXJ[7SE??M#WNE6D-]J/@1$M[_P`):-XO MTJ"R\5PZAJ4MAJ&GZ!J5Y_:EI!H8CT=([6\\626ADN));Z/P%JDH@@C*LOHX MG#RP^)Q^#A.-2O@\74PD=X4YN"S*4'.I9JG.I#`X>?LXJJJ2S+!QK3A4FH/+ M!)XVGEM3DG0CCZ5)N,TG*G6KU<)AZ<$J.8/`5_X=T[1]6@\R#6W3Q-<7L%M?RCQ3-IMIHDD_AFS37#- M8^%;JXD6633KB-97:"VNHK*[EMYHTEB*>(KTI-T*'UBG%N-IRKX/$4T:,)5XNG6C.I*6BK497:**61(9)WCC=T@A,2RS,BEEBB,\L<8D8@*IDDC3) M&YE&2.>)=#N[W3[-O%=E+K_`/;ELNN1'1GTFPTN MYB6Q35+/PYI4NK->K`+[QCI\%NER`7>J3C-0O.,?:8?`8B#CSRCR8[^S%"4Y M.$'3IIX_$.#4N>-+!XO,,/7ER7:IY?/&*I.C& M,I.K6]C@JN(J46Z=*G"4(0Q5:K)4WI^%_C<^N7NAZ?>>"=5@F\3:AI4.BSZ+ MJ^C:O9II>L^'Y/$UEJ>LC5)]&O;%X=*MKV2[AL['4D@,"(EQ/)<1HUTH>UDZ M7\.K0C6]OS6]G2EAZ&$KS490?.H*GS8BK1P5*I'VKJXJIRQI*BE7ETU,/R5G2 MC5@E3Q&'H3G4?LH)8FEE]:E4@W?GO1Q6*Q4H>[.G@\NQ&(K*FVZ4.;3]I*\A MU?0M'U3P-::7=:YJ.G6<"OXNEE9([KQ?K'@JZMXU'A5!-KL6JZ'?SPV.Y(9[ M2%I6O8)%,-=-*E&KB:6&A4YU6I^WA*";OAZE+`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`=_>E%PCE=155&/NN+HYA6Q,^:<*='#8&K4K583FJ4;F_9RKP5Y.C@H8M3 MM:EK/%QJ1JRUJTXT8X7WYPHUI3J5J5.C2JKGG"K_`,+HO9BZ6?@J;%XFE2>& M;S4-?M+73/$$>N^/F\%:1<+-965]=Z=:26[6FJR2S6+%8KV**!;DAI%QC*]3Q&`K8#!RHN#:NIXW&^R]I&3A&A"&(7.ZDJ-'UCPGKZ>*?"_ MAWQ+%;-9)K^BZ9K"V;RB=K3^T+.&Z-LTRH@F,1E*;PB;MN=HS@=6(I1H5ZM* M$_:0A)J,G'E(Y-6US MQ3IWA[1;W3=?OO$5KJ-PL]O::I>6R:;'X><;'L3/=W%W'##`(Q]H;DE4<:'M M_9RERXFIAW2@G.O)K"^VP_L:<4U6J8S$RI8+#T82]I[6ISU/9P2YNE4%_LB] MHH_6U6?,[1A26'KX*G6=2>7TY8WZAS)T)8O$X+#237,Z4\7ESQSB_AYJE.:G@W3]U*O2 MK>WGAU"/M/:])OO[4TK3-3\KR/[1T^ROO(W^;Y/VNVCN/*\S8GF;/,V[MBYQ MG`S@;XJA]5Q6)PW-S_5ZM2ES6MS>SFX(^MX3"XKD]G]9 MHTJO+>_+[2$9\O-97Y;VO97M>RV."\6>/=4\/:W+H6G>%5U"1?"=[XIBU;5/ M$>E>'M",6FZ[H&DZC#(+3X=OX[.C276IV<%U%')*8=.6]>P6.,QWDMRL$EL MEK==#I\LZT9-4*=*C6Q"G6<8I4GB<+AL)7PDXU(JK#,: M+FZ-.G*H_6/`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`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``QJ,6JZ-IMU;WT%I:[Y*DZJ5W9U:E3$U95)*]IU.?&8KEG/FE"-:=.# MC3?*NUDC26-XI!NCD1HW7)&4=2K#*D$94D9!!K&M2IUZ56A5CS4JT)0G&[5X M33C)7BTU=-JZ::Z-,N$Y4YQG!\LH-2B]-&G=.SNM&NNAYOI_P@^'FEW-Q=6F M@S%KBU@LY;>\UWQ%J.GB&U\,0>#(##I>HZM/9VUPOA>`:=]HA@28Q37&7+W4 M[2[UISKQQ<:LG+ZZ\1*LU[LI/%5XXFNU.-IT_:5H4Y_NY0Y?948PY84J<8E. M4J,L'.D^26`C1C0:^Q'#RJ3HQ:VJ*G.M5G%5%/WYRF[S=R;1_A1X#T#4].UC M3-(NX]3TLRO;7EWXA\2ZG))/*=9S>:B-3U>X75]0C3Q#K<<5W?KWR/.XOA3X$ M@U:RUN/1[D7UA:Z996RMKWB*33Q;Z-J]_K^E+/H\FK-I]W):ZUJ5U>QRSVLL MBS>2X;-M!Y)1_P!GBH4O=C&%.FD_>M"E@UE]-)RNURX-.A=-/EG5DVYUJLIN MJW63536]7$UW;W7[3&8B.*Q+;C9VK5X0G.'P6A"FHJG&,%9T+X9^"O#.J1ZS MH^D2V^I0#4UM[B?5];U`6T6K1Z5#=VUK!J6I3PVUHMOHFG0V]O%&D5I%#)%: M)!'<3K,Z;]C35*FE&*IQI-V3G*$.2W/4:=2LNIQS)_;WB(:?Z:.>VD7*PH`([: M%(BE^X?-3]UKZK:_O6>!E.>$E%2NHSP\ZDYTJD;3C.3ESI5UM!K20'0YM6UUIWAO1K>2">"2+9:L`@^T3^<4_ MW45""7(H2I\LDIQY)8K$8V47&:DFGBL36K.Z?O."^&C15.N>:MRR<)1K4L0I M1;A.-:A1^KTJD9QM*,J=&]./*UI*;LW.;E6U/X0?#_6+^^U*_P!&O)+G4F_T MQ8/$?B>RLY(FLDTZZM%TVQUF&T@T^\LXXH[VSB@2WOO)C:\CG:-&6J4I4)1E M2;C*%6-97?-^\AB*V+@Y*5U)0Q.(KUX0E>$*M6I.,5*39'+%148Q5/EI.A&4 M$J.X MT:UUZRTV0/HFK6G^IMO$^N*`[G#/!"T4QC&*E%)_/SM:[ MI$Y/A/5;S7/#Y2;1]2M7B:SU6_NKE3&REV=1*76*,)E%>SG3J0;C.E4G5BU) MJU2IAJF$G+1ZWP]6=/E=XJ_.DJBC):3DYTE0G:5)*I%1:7PU:F&JU%>U[3G@ M\/S:ZQ@X?!4JQG9C\$>%XH;"WCTL+%IFBZUX?LU^V:@632O$,EC-K<,LANB] MU/=S:=:2R74[27'F([B4--(9%6A"O2K4*D5[&O1IX:<(I0C["E!TZ5*$84^=RC M.51RFI22:Z.TM8+&TM;&UC\FUL[>&UMHMSOY4%O&L,,>^1F=]L:*-S,S'&22 M>:VJU9UJM2M5ES5*LI3F[)7E)N4G9))7;;LDDNB2,*-&GAJ-*A1CR4J$(TX1 MNWRPA%1BKR;;LDE=MM]6V7EC MKFJ(]S+=/*&NS*CK*D;HY)-K1+EI1H)))1]E'$8;%*'+%*-GB,)0J3TO4<9* MHY1JU8S=*L8U9I7T3:E; MFC%JK9^`O"EC:064&F2-#;ZE9:NCW6IZM?WI5J5ZDI2?O3G.K5J3E.;E-N6KLDD^5* MUG0M+U^W@M=5MGN(;6ZC MO;<1W5W:/#=11RQ1S)-93PR!U2>4#Y\9;.,J".:K0I5X\M2/,N2O3TE*+Y,1 MAZV$K*\6FN>A7JT[IWCS<\'&<8R6D*DJ?PM)"-`T1/#NF:1-'I44WAZ>.&ZUG7=3N$/A.YLKOPY" M-1U/4[B\^QV%QI]JT5K]H\@;74QE9I1)U3KU:E159R3J*K4KM\L5S5JL%2J5 M9I)*TK5*M_:2M7WAW0=,T6Y\17<%_K;Z;:QVBZA>6MLEG M#<311`1B18$`.Q5W,SNV7D=FRA^ZHQP\/=H0G*<::^&,IPITY.*VBG"C3CRJ MT4H*R6M[G^\K>WG[U9TXTG-_$X0JUJT5)_::J8BM+FE>;Y[.3C&*CTE`!0`4 M`?$'_#;7_5HW[;__`(8/_P#"N@KE\U]YN>&/VO\`_A)O$GA[PW_PR[^V'X>_ MX2#7-)T3^WO$_P`$_P"R?#>A_P!JW]O8?VOXAU3_`(2:7^S=#L_/^T7=UY4G MDV\,LFQMF"!RVZK3S.Y^+OQWO_A9XS\&>%D\$?VQI_BNSO9O^$@OO$<7AFT& MH074%I:^'-"FU'2'TG5O$\[3K.NG:CK>@O-"I^Q/>3@VXY)8EQ_M5>S][+\% M/%TXW3GB'##XW$35.FW%RI4%@XQQ4Z4JM>BL32J?5IT8U:M/545[/!SYG;$8 MJ.'F[6IT(RJX2E&5::[E59/MEC>VEG[&(P52&)Q6'PD7B)8:I5@E)PA*V'PV,KXF<[3G M"G##3P.(PU7WW-U5"=&%;#5(8A\DI2H8>>)Q25"E3]K*3YE-QA'$U:%&\(WF MYUJ=)UTH1E&%.T:DH5*E&%2/PO\`\%!/".H:C'IGBKX:>,/#UQ-9Z/J#2:1J M?ASQ);:59ZGKNE>'+B?79+J^T=X19ZIKNDHRZ7'K#2))]AX65*%:;A[65.AK.G6IO%_N7; M"?V@G#FC[=O+<9Q'0KKD3E13^K<.UL1IB)KVE=8>#J>S5:KZI8_M:^%?$?P_ M\8^-_"/A/Q)<2>&=;\">'M-TWQ1-I/A^V\1WWQ*N-"M_!U];ZGHMYX@DTW0K MI/$6FW$T]S8B[MXFDW6#2IY1T5+$3CE:I4HJOFF->"C1J3Y)4:L*%'%5O;2C M&I#]WAZJDO9RJ*3C'*\#C,?4J4TIQJ4L%7S/"U(T M4YTY2G+%95B*4?:*G&SIU+N$FUF:Y^V-X:\$7$&A?$#P!XRT;Q?_`,(W+KD^ MC>'K_P`%^*=*O+RVU"#3[C1_#>O/XGTPZV5^TV\XU&6QT^Q59#;7%Q;ZC%-8 MQ12G2Q5;V&#]I5J.IE]*-.<(TJCGF$\OHPO^\G1C"CB#I>UQKA0I+^T).I%SJ4U3R^AFN+E/2FJG-6PF48FM&BJ3KT.? M#0QE/#RQ-#VG%Q?MV:5?>+5T?2/A3XTU+0+*[UVRUR^M+SP[<^)-,O?#GA77 MM=UG2F\-QZJ(+C4[34O#]]8G[%JE_:R)!)<)=`>7',L+-8BG4KZ+#NA*OAZD M914*M-_ZN.A5G.NZ"P]*2X@I0KRKJ$<-.%.TISJUN(*52,(T85_;.$,C^L48TY.IB*==TJ=+ZQ"C2Q/>^"_VK[/XF M^#/C!XQ^'O@U;R#X6:7::E!9>)O%-OHQUR2.SU6[U^PN=0\.Z/XDM--EL6T3 M48(+C3Y==M+]U@>.XC@F\Y,<=6E@&JPIT2_ M\)-?:_/\/;R\\/Z?XIUJ70]1NM:T[PS\2_#%]*;GP[863SW;VT-Y*+:>:+U) MX3V>:4LN4VX_VA'`U*CC9M4\74R[%XG#0A*HZE&AF-&>#IJJZ%>LW3K?5Z=* M4I4^7#577RN.:2BJ5.MEM3,:45+G=.$\!F&98*GBM(NE.O@LNQ.)K*@L2J%* ME.,)5Z\L/1Q'HGA+]K+PQXX^(-C\/="\(^)+#41J/BW3-=_X2>?2-,OM'E\- M^'5\0V4Z:=H][JXECU*'S8_LU]7&NJF!QF84DI8?"Y7B MLPBKR4I3PM?*J&P-1..( MK8[!X22TY80Q='/9JO%IMS4*V15Z48VC"O3JT\70K5,-.C.OY)X3_P""A/@B M\\(/XN\:^$QHMM)JFBZ;8Q^"?&6C^-[8-J?AVZ\3:G;ZKJ6NV?A&'3]>T&PM M`-2T>W%_=+)>6L-F+R>;RD[E1+3P>*S.C).5++8MN7++VLYQQ&;452E2C M&4:-2I1RBOBZ/M*O)5H5:$5-5JU&E4M:9_P4$\#6OAJYU?QK\.?B)H&IV5S> M)+INEIX,UN"ZM$B^)E[8W6GWD?C*'>9+'X7:Y%+'<);-'>2P)&);63[6*PV& MJ8JCEL\.N>MCZ>%_=;25?$4>'ZBA%NT94Y/B+!2H3DX3E155UZ6'KP]@Y;BJ MF-Y:D)X?"U<3&G5CS6J4_:K\ M.>)?^%A6-MX"\>>'O$/P^\*^-/$UUH_B_P#X1"TBU$^!GMK?6-,@U'PGXK\1 MI;SK>7]A'YDL6S;(^K9/C\XI*->G@*=*PT>\DM=0L[Y9?]%MFNJ]'%48 MX:-5QFZRH4L7.=^SAAWSN5:..H9!CL3@JTHTJ4Z:I*K*C*K34^7 M#5GB/96C[.5:&'J1I2?@/7'\/V/A7P!X]OM9UC7?`=A?Z?KK>%M$A\-Z#X]U+X=6FE>)=5 MOM/\0ZN)X9;7XDZ+);V6GQ7EQ)/!/!=BPC1KE.FEEE>>8TL!-QII5L3AJU6_ M,J.(PZSI?5^16=2I.>1XMJ46J$:-JCKNJZ>'J%7$TJ.%Q5=W]I1PM3%T:5M: M]*DJ+J5%)-JE3@Z].G)S_>^TG'DH3I\]2#O&O[:$O@_Q#XO\-K\,TU._\">) MO[`\2`>-?L@L[;4_&W@/PMX0U(+_`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`&CJNH:R-#T:TL+=/%9O([K4[F+4+BTL[ZTL;R2TTR6[>VCAN+-K MS"BWB*=*I1A.7M>=Q@H\TU&E'!5*[:IN<;X6AC\/7Q5.$IU*"]K1J06*H5E5G[.EB*U;"RH3J8>LZ\.D MTW]JOPYXC\&^'_&GACPGKLEEK7Q1T_X83Z?XAU#0]*U+3KN]LKB]DU&>'0;_ M`%Y(98%B2*32;U["_@E:6&\AM)H&B.>*J2PE/!57&-2&.P&:XZ#A44DHY9EN M.S#V?M(*=&JJ[P7L56P]6M1@JOM(SJRIRI&O(E6S##MN-3+L5EV&G[K2D\?F M^!RGG49\U35/%ITS1?"-QK,GAV*U\/6^NS>&&L=9\23#7I9K6TU&?PXE[%H]TEM- M)>/#9S>K5P/L<_Q>1NLO]F@G"IRM5,1)QKR:H4+VJ*A[&'UF-.M/$0CB*52E MAJ\%6E2YW5ME=?,8QYGA\3B*$J=_=IPPTZL76K5$FZ,*OLVJ4Y4G0C4O#$8B MA'EG/NOC'\>+#X0^)OA5X=N=`EUO_A8WBB+1M1O8M3CL%\(:$^HZ+H+>*;N! MK*X;4;5/$?B?PW8&!7MO^0H93,!"5?S\)_M69K+_`.%".$Q&(E7>L85:=.<\ M+AG'3W\:Z->%*7-HZ3M"=[+?$4ZE#*\1F4(>U^K5J--TDU&4J3IUJ^+KQD[W M6#PN'J5YP47S)*/-!R3?DM[^W;\*K)M40>$?B;=G3)W:,6NF^#3_`&GH<1UD M3^*-.^T>.8?^)+%_8D^Z.Z^RWY^TV^RQ;<_E1A:D<5#!3A^[^N/#^[-6E16+ M61/"NMR\RM6_UBRU15)U91RJ3]K3YJ=S^W]\&=,^QG6]!^(6@QZAHVL:[8M MJ5EX,,MUI^EKXI%E)!8V'CBYO'.K7'@OQ%;69%MLCELX!J#6*:A9/=[X6E5Q MOL8X:G[2OB*6!J4J'-!59U,P6"GAL/K+V<*SP^8X/$RE4J0PZHU6E7E7HUZ- M+?D:YY'G6T1I]*^&OQ'N?$=POB*WTK1M">RN[>ZFYY/_9%S#,<)E\*M2HZ4*<<9*C[#&5)(I8>M%P6BA.%2K0K4JJKTSJ*/'3_P#!0+X::!X3TWQ)XO\`"GBB#[1;7,M_-X+N_#_B MWPS;S2:[XYT+PS'I6OZKJ?AZYURU\32?#[7KC2KR+2(8&A^S-?-9?:8O,ZX8 M:=;$8#"T(5/:YBLOA0A6C&C4EBL?AL%BY8.4?:3]G6PE#'T:V(E5E"E[*_LI MSK)T$1I5'#%U+TJE/!SQO/*C4]I#ZO@JU'#3Q2;C#FI3Q->GA8Q@IU%7]HN5 MT:,&N==\7ZIX-\4:IKTWA[2K3P5K&F6'Q M$N1IL\6FZOJLFN:K-/\`#G4]J67^@K;7,<[:B)@MI*\'A98OGJ1G&.&6`J8V ME5U?MI4Z.4XB5&,&HRBZ5'.,-[:I4Y$JGN4(XB/M*E+"O6AAZ51N[Q-*MA:< MJ-M84L7B)X>E7E43<.6;IU)4H0YYM4Y*LL.W#GY4?M]?#C2[OQ!I_BKP9XWT MJZ\/>(_%/AV:ZT@>']ZN]$U;XE6&BVMOTK^]RTZ$%4YJ]6"BYI*5*HG3HK M$5+*$DGS-0F\+_MY?#_6;O4="U;P3XTTCQ;I:?$*>\\+Z?<>%-=O[<>`;_QB MLNEN%\0V2M%UG1P2S7"U*E2I0HU*U+VTL-0JU,/7I4YE&<<9'`QA*5: MOBEA:$6E&4Y5*52>&YW)^PIRQ->C4PE.,:]14ZWL98F="C7IU7]:_#SQQI?Q M*\%^'?'FAV6K6&B>*=/35]&BUNV@LM1GTFX=SIVH26D%U<"WAO;00WD*22+* M(;J+SHX9=\4>V)PM;!5?J^(C[.O&%.52G>\J,YTXU)4:EKQ]K1QV=,KT7)RH8ET,5-T*\I*.'K:XV=6CE6"J M4W*2CC:L9*SC[&@J>'Q5>2E37MZE*I+"4:F*C3]I0HT\'"IC:/L)>VH^8Z+X M1^"WAF[T7^Q_@EJ&EQZ7XJ!U&PU;XP^.+@Z"OPX^*WA/P+X8UK2-&_M75--U MW7TU.S\-2M:)-;!=/T6TTV2^NH([:UD[,)7K5JF&G[=OVL<&G4:E6J4\1G-# M.LNC37M(INE.%+'_`-H5^>/[W$O'NEB,1&6(ACF=.,)YAA:EZTEA\;7<5>E2 MK83"83`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`_'%[:FUO[[4-=U7QCK.FV^G:S'X-^):RIK@MOBY;:_XEU3R M?#NO#4H$GBBO1>&Z?4Y;Y8"W3A*3J8K+84FL+1GB,-"A.FW325?!<-8^'L(4 ME:E&EAJ>1NE*4(+"8O#0K8>C.=.M*>V!HT,7BZU*4'B*TJE&.(BXQO)/B3,\ MF?M*E>,XIU,7CLY:<85_:X6M]6Q,8X:I3IT_6?!.N_`/X>Z!XX\,>$?@[\3+ M6/QY)K%EK6CRZ];ZSJ7Q"MK5OB9:Z[J^G:OXE^*]T^GVVWPAXWF9]0U+1KZ8 M2P-'%)--&$YL:J57)IX?$4[953PD_99O-7UBSU'X=^)(M3N/AKI^OW\;>)M9TU+7 MX?:+X4\*:S8>+;(Q_$""#0KI3X7\*Z`VO6AM-4EU#P];0SW3VEL+NNS%^WAB M,ZE4K3P]!M04/K]?'O'4,)3]EA<6J>+E6I_6*4 MZ3C+G&KA.'*.%7+@\;@<+A<+3G>4*>"QF$S?#1ABXRYU6^JX2GC:%6I+ZS5P MU+'T8TI\N)?+QWPVU#]G?P5XYU77/#GPV\4Z%;:%X6U#6-.DU/7O%&K>(M-U M.VTWXN0^,;&ZAUWXC:AI<6CMX9\`"+3(+0>7')?YW0JX:TB-"F\MQD%RRI5: M&*H3C!-*I@56X;P%:@VXQJK$+%K`4DTX\N'P7+2G&[CB-G1CB,9D-1<[Q^:9 MLJ"E4FW&&,C@:^9X*N^5RCR2HY]F]3$RM5E5Q.,4YTYSC[2'H?P_\&_LN^/_ M`!!)X2\+^"]:LKOP3;62:7>1^-M;M?.L_AUBE&?UVE0AAJLHI2H5:5:E MP]A*L*$W*5"I@Z%:MAZ&)FY2Y<3.E6K4Z.)C>MFN&J5M4HSC&T.6RQ>)PU*LZ,'37H>H?L=?LZZI-=37_@*\G^UO?O<0'QY\1H[(MJ M/_"4?:=FGQ>+EM854>-?%*P+'"BVJZU.ML(EV!,L'6JY?]46$FZ7U'ZO["_[ MSV?U5Y>Z%O:<_,Z:RK+H7E=RI8.A1FY4H%_*U'QAIOBC2/$= MQ_;?B)_[1T[QG/9W7B6W\J35VBL_MD^GVC>9:I"\/DXMVB#,&Y)T*4\#B(S'%P7.G[2/+B,UQ]2\91;]ORMN%*C&G-'_9L7A,=1]S% M8"<*E">_LYPPN7X&+Y97A*V%RK`4K3C)/V'.TZE6M.IQ%G^R/^S]8S6%S%X& MNY[K3IHIDO-2\T-M/L]6DO;?3G MTFUDL8K=X58=-6:3?6/@2:TNM$N_#M[8RVWC'QY"#-X2@\)6_AR/4(X_$X36+ M.Q7P)X4DCM-06YMS-I"W#Q-///)/T+'XM8IXQ5;8AU:]9RY8.J5:KI M\OLW-RS/'J$G"]&&*J4Z+A3:BHG1I3HRP\X)TY4?J[Z25%I*5*-16J0A.T74 M491]HZ=*53F=*FX]/KW[/?P>\3:MXRUW6_!D-WJWQ`N?!=WXOO4UCQ#9R:Q< M?#VZAO/"$KK8ZO"EF;&YMX'(M%MQ<^2BW8G50*X80C3P[PL%RT'7Q.)<+O\` MCXS"5,#B)W^*T\-6JTU"_)3E4G5IQA6DZCZI8BM.=*O",^=WFE%04O9I1/2_#7AS1O!_AW0O"GAVS_L[0/#.D:=H6B6'VBZ MN_L6E:3:16-A:_:KZ>:YN?*M8(D\V>:61MNYW9B2>K%8FOC<37Q>)G[3$8B< MJE2?+&/-.;O)\L%&,;MWM&*2Z)')1HT\-35*C'DIQ^E M[+0VZP-0H`@N0GV:<2*K1^1*'5I/*4IY;;E:7(\I2N06R-O7M7-C5#ZGBU4@ MJE/V-52A*?LHRCR2O%U+KV:DM'.ZY$^:ZL:T.95J/(W&2G'E:CS-/F5FHZ\S M3VCUV/RY^&7PX^"OB'1M'3Q#\&L:K!\0=!\&BWTSXI_%B2Z\'^'K^>^MO#UE M=:]K?BR=_%?@^)M-9;.V\/7U]H%Y/#<2_9=.FMI$7OC[E;+:EY.I*IF"G7E3 M<6\3E.!H9I&-?#5%[=XN*R[!QA3Q?MEAJ%+#U:&*J1J1PQRYM*G4K\04JKCB M*+A@&HJ2C.KA\[QE?`5J].=)*G0HU_[6QTZCP_L:U>5>M0KT>5+%/O3X&^`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`U\ M30QN*J5:\H)-XR=+B1NI7PG+1K..)6)^LO%8OVOL>L1?LR:QH^G:=X1\%ZY_ MQ4'AG6_A_P"%/$#:CK.L>#7T[4[W6],LKSQ-X>MOB997/B'1QXI\4^*;"TO; MN`W=K<'5DLKFR0),V&,>*P5'&4Z#='$8/!TZ\(2E4BE3R3#XFKA71G"2EAL1 M5R_ANE6P^.HRAB*^$E@*LZU5RE3AK@:M&,L!4KQJ1PU3'QE:T54=?.Z^65<4 MI1E&49TXXO/,.\7@ZT98:CB(5Z?L$H0Y_,O!G@3]EK0?`?@BX^(7A'Q3XN\: M>,+;Q=KZAJES)K-K%_;7Q-K4\%B*M#"2G3AEGL<-&7NPJR>5UL33>,A"GRPP]2I7X. MIXFI3PB@Y>SP-&,:OOPAP8*4L;@_K6+A22Q<<-6G3]FYTZ=/'X/+ZU##-RC. MI7HTJ>=4J$I5^:G&K6Q51QI49N3^XO"?P<^"/BKX?:I/H6@:O)X-^,FFZ/XG MU2VN/&/CE9KR#4+@^*K2YL9&\3O-X7NI-5U";4;@Z+/8F:\N9[B9I9I7D?+& MX:KA:D,OK/EEE&,C6HNG*5-T<1AIP="5&I'DJQI8=T::PM"\:.'IQC3I4J4+ MP.FE/G=2K*%ZE3#5WAM=4\`2ZA%%:7UI-]L\9>/;B;4VU&[UZ^N=2UZXE\4&;Q%KX MO/%'B*:'6=4>[U&W?6KQK>ZB,[9FC7J8:O0Q%!JC4PCPLJ"C&*IT)8)T'0E1 MI-*-2G4F MVYSI?N*#IT92=*C.C2J480G3A)=!HG[-7P6\-^+-.\;Z'X/FT[Q+I>LZIXAM M+R'Q3XR:T.N:Q+XGFOM5O-&E\0OINI7Q/C/Q.D4MY:3M;Q:M)#;>5#'$D2H5 MZN%A[.C/D@L-]44;)J-#V>#HN,5)-1E.G@,'"I5C:K56&I>TG)QN9580K)JI M%2YITJDFERRE*A)3HJ4XVE*%*:?# MU)YM:U2^UK4G?Q/XSQ<:IJ/_``FIN[U47Q$%MI2_Q#\7NGD+$(7U57A$;V5F M;54:M3#4<-0H3=&G@HPA0Y7:=)4XY9"FX5%^\C.$)M[53A"4*B4I3Y9TW'VNZ9K6DZZDGC[XCW*Z[:^(;O5[W6)=;6Z\6R#6-2N)=>UE M#J-YYUXD.IW%O'.EO(8C/-^[C0<82H0^K*-&4(2HQ6$>$=%*E*+IJ+6`P<:\ M5&V*AAZ5/%*M"/*1JJL<1&4H8F,I25:$I0KJ4J56BFJT'&K^[C6JRH>__LU: MI+$8?V5=^T/9/"'A#PYX"\/:=X3\)::NC^'='6>/2])BN;RYMM.@N+J>\:TL MS?7$SVUA%+<2+!:HZPVT0C@MXXH(HXTJI5J5?9NK-U)4J5*C&4G>?)0I0HT^ M>;]ZI-4X14JE1RJ5&N>I.4VY/.E1IT?:*E'D52I4JR2OR^TJSE4J.,=H*4Y2 MERP48)M\L4=+69H%`!0`4`%`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`=2U!)8$CU`7%KU8.G7K5*3DI?68SP+P-.,TJU*KF$A#`XG-*-7EA1HXVIBL2^:,.7*,Q MRMU*7*H?6*D\)7Q>+JZQ]C]95#$86K4Y:GM.WU7Q!\&_BO&4*:J4<+B71YU,C5J8"->E""H5<-'"8NI248.5"GFF/PDL/C+.]"2Q>,IX M>I7IIU:L_97QF':44]:[^.?P3TKPY?Z^_@+5;VST?2U^'.N+_8/A._UJST_1 MM#U77]=\"ZF+WQ`;G4H-`L=/=M2L$EO(4EU6!H_M'FS20[QOF5>C*\9OB*M1 MKJI*#A3Q,7+`QH8ZI'D3="G7S?ZM&HZ?-0Q%/&T'"G*"554,-+!5*67X6ZGD M_-A\(HS::J2Q.)P7L,+.;BXU<2LG6)2DZ?M\)#"5Y2=DJ?%Q^./V=M'\->,! MXW^#O@*WLM+\;^)=+U&VTOX=>"TT748M+U[XO6GAJZN;?5+A5N=4;1_!6O"X MGF$:+=:\YC$=O>7!MA*<:.3^RYO:SG1I4::E&"I8ZIA,HQ<_82E*$*%.=3,L M)3IU)3ARSIMUIQA3A5E4Y0I8C,X4JDJ>%PF79;FM:HU-OZIF-/"TIRG&E&4Z MDZ56BYSIPI2F\+0P\:?MZ\(TSZ9^%=Y\/?$VGZCXY\%>$M'\.7NL:EJ.E>(+ MBUTSPK!K%YJ&@W]Q831:KK'A.\O[/6E2:-Y(IH=2O8BDP*N&+*HXRI4**A.^ M&Q">(C&*G"+G*I4C5DZ`.36.)G[/#UY\D9J%.[&+M:4I>[%7;T1=./-4IQ3<>:44G%-M7:6B6K:Z):MZ(^(_@OX^T./0X[ M5?A#X&\/76I?%W3K;4]'\)V<.G6GAN^U^_U+^R?%%]19314Y1IT_[6HPJ.,J4&(Y?[%JN[4JF*I8W'X7#4,34G%. ME.E3KN.*I2TK/%0EST8S3QL]K2O%G@X:!\5?%&L?!#PMX9U#PAIFK^-H]`TR MZTV^D^(>B^+;;Q)I%KX@UA],\,6]C$**G6<\/ M3ZIJ4UJ.-/!U,1BJ6.YXPJ5'E2S"A4J<]6I2C1]A2KUG%XG%4:=-XJ52 MI.E1B\0\+PQ\4/`OVC2M1O/@-X$\+Z7X8T[Q5H^MW]G%:R>(_`NA:9<>,H]: MG@\+/\/+#4M$\$W,NFS(W]N_\(O<7<_B*2&WTR[D\SSM*DJUH8O" M4J4FG2J1K*-/"QHX'$U/:O#J,L0W@L-A_;UJ\*N&YL3A,'AX5*M#&$*D9X?# MTJ:A6PV(A6IQ?-2C3J8A4JE3$X93A&K[:AAJD,7CL0Z-'#QH\CH8W%3G3A*[ MHGQ7^"-_\$]!UG7OAIX#;PY-\0_&7A;0_AWH,7PUU71].UO0;_Q=,)8WU;4= M.\-6&JS>%](OM4F=;R+S#J+1VKW1NX?M.N,;PL\MQ%:JZE59=3QKKKFDL-3I MTJ+Q/L)/]_4I8;$2CAX1P].5>ZM([;X`IKU]JUSK4W@ MBYD\!_"QX_%U_;^5J'B"[T:?4O$<#Z88V\1375S-K?\`8S7#7=YY!N)Y2DO+ MBW6P=''5*<%2Q>74\92<9_\`+NEA'F^'G*3IO7"N>3XN'LJ$JT\5]3J1J2EA:CR[$1FKKDJXNGD]7!1BI>\L2J>.R_DJ1@Z5&5"SK15"G M?(\)?'?X=I;?\)CXU^%.GC6Q8^$M9U_QEX4\$^%H[708M>\,^!X=/_M*YU+Q M/+K^I7#ZEJL5C`VG6MXT=K96L5X]5IUN6E.>+JRG4I0QE2C2Y<'*IBZE&$::O&5##8:G9* M="A&CP_C9IR` M_$G@.>TU2'X&K&]\-^'?$VG[V\+Z[=PR^'+NWC\*6-FCWU_)9 MSW%K96UM8VK3!+4?J-+!^QG*\*;HYI++:$:\%JZ=.,)8: MIB>>-*-&-+%8AT_:RK3JY/B?XG?!J)=/TZ#X-:+'=^`]0\,SVUMXB\">";NT MT72I?%&BVWB2T\*-I6KSQZ3XFTF^UYE,):UCBU#S'_>JK,V35*E.M6DXU,+A M88W"5YTM9U,-@\HXC>%AAY248SPE3^PZ]",)6C]2J.CR4G5M3AXBI4CA:5/F MIXS-*F$Q%*-:ZC&IF>9\/QQ53$J+TT[OQW^ MS$?&+>$[OX3^%I-9U.]\'^&-6N;KP9\-458-=7P:WA"*]@O-234=8TP7VL:# M:QPZ?9:BUG+H[22PP6UK!<2=4*%7$8JOA(R4ZKK8NK5=VU+$X:MG=*K4GHY. MK4>!S.<:THV<<5^]J0J8JI`FG5A3P>#Q=*#A26$C4HPBHPE1P:H8"M.,=8TZ M<K9K"$ M*4(TZ<(TZ<$HQC%*,8I:)**LDET25D3U)04`%`!0`4`%`!0`4`%`!0`4`(O"[S/X=UN_TRTNM3T5[A=LIT^\FB:2VS]X;6&U@ M'7#@,"E^XJU*]']U6JTG0G..DI4FTW!M;K=)[J$ZL$U"M5C,J?O:,4I4H4Z=.4 ME*Z;ITZ5*$&[N$*5.,;1A%*AH/P]\"Z+':7.F>$/#EI>KH,.@MJ*Z/8R:I+H MGV>WA.DW.J30O=W6GF*WMT,$TSH5@C!4A%`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`+^*1L13##0JJI$41%5:B MW"&'IQ;C#"1J1H);48U:#<0J)5JF(K54IU,6 MZ4JTI*[JRH2A4I.I_,X5:<*R;N_;KV_\9RFZ/_"LOAU#<_N/`WA2U2[?6+J_ M@M-!TVTM=4N-6LFTW4Y=7M+:VCAU=KJQNKB&7[;'/O64YYYJ(PA"/LE%*C&@ MZ$:=E[.-)U<'5<(TW[D4JF"PC3C%2C["G%-15FY2DYPKN3]O'$0JJK=JI[2- M+&PC)U%[[:CC,5HVU>O4E;FDV2Z9\*_AAHFHV6KZ-\./`>D:MIJA-.U33/!_ MAZPU&P16N'5+*]M=.CFM5#W=V0(G4`W4IZR-G2,YP^ MO+NYDN3&97FNII&8O(S--ES4)V]_")1HRZT8QA[.,:3WIJ-/]VE"R4/=7NZ& MKJ5&ZKOO*FJ-)04KJ*I4U&W)&U74?AY\/]7M7L=6\# M>#M4LG%P'L]1\,Z+>VKB[N[&_NP]O;3[:1LO!&R*48R M3C**E%RYFFKKFYL1/F:?VN?%XJ5]^;$XA[UJCE,&Z7\-NG91C[ON^["E3H16 MEM(T:-&C%;*E2ITU:$(I0R?#SP%;Z=>65KX,\+V-M+:6D+)I^A:9IY":0EL= M(\J2RMHG@DT]K"P:TDC9'M6L;9H&C:",IECI3J8?&2G.4IU*>(3JQQ M(HM63HUZM:K MCIU*35G3DL5B*M6ER(KPE>-6HI=$VZC@ZCYW3E3E%RU<9472=&46[ M\LJ3H473:LX.C2<;.G"U33?A/\+-%GT^YT?X:^`-)N=(O)]0TFXTWP;X=L)] M,O[E;9;B^T^6UTY&LKR5;*S#S0E'86D(9CY2;=54J1DI1G*,HP=---IJG*5: MK/FB4(2C.$HJ49RC.46DU*<%34)23T GRAPHIC 8 g857312g54s79.jpg GRAPHIC begin 644 g857312g54s79.jpg M_]C_X``02D9)1@`!`0$!+`$L``#_VP!#``,"`@,"`@,#`@,#`P,#!`<%!`0$ M!`D&!P4'"@D+"PH)"@H,#1$.#`P0#`H*#A0/$!$2$Q,3"PX4%A02%A$2$Q+_ MVP!#`0,#`P0$!`@%!0@2#`H,$A(2$A(2$A(2$A(2$A(2$A(2$A(2$A(2$A(2 M$A(2$A(2$A(2$A(2$A(2$A(2$A(2$A+_P``1"``W`-L#`2(``A$!`Q$!_\0` M'P```04!`0$!`0$```````````$"`P0%!@<("0H+_\0`M1```@$#`P($`P4% M!`0```%]`0(#``01!1(A,4$&$U%A!R)Q%#*!D:$((T*QP152T?`D,V)R@@D* M%A<8&1HE)B7J#A(6&AXB)BI*3E)66EYB9FJ*CI*6FIZBIJK*SM+6VM[BYNL+#Q,7& MQ\C)RM+3U-76U]C9VN'BX^3EYN?HZ>KQ\O/T]?;W^/GZ_\0`'P$``P$!`0$! M`0$!`0````````$"`P0%!@<("0H+_\0`M1$``@$"!`0#!`<%!`0``0)W``$" M`Q$$!2$Q!A)!40=A<1,B,H$(%$*1H;'!"2,S4O`58G+1"A8D-.$E\1<8&1HF M)R@I*C4V-S@Y.D-$149'2$E*4U155E=865IC9&5F9VAI:G-T=79W>'EZ@H.$ MA8:'B(F*DI.4E9:7F)F:HJ.DI::GJ*FJLK.TM;:WN+FZPL/$Q<;'R,G*TM/4 MU=;7V-G:XN/DY>;GZ.GJ\O/T]?;W^/GZ_]H`#`,!``(1`Q$`/P#]4Z***`"B ML#Q_XVTWX:^!O$'BSQ(9QI7AK2[C4KWR(]\AA@C:1]JY&6PIP,CGN*XO]FG] MH#2?VF_A)IOCWPQINJ:19:A<7$'V348MKHT,K1DAA\LBG`.Y"0"2I.Y6``/4 MZ;(ZQ(SR$*JC)).`!61XO\9:%X`\.7VO^-]7T[0M$TU`]WJ&H7"P0P@L%&YV M(&2Q"@=22`,DBOR(_;5_X*:+\>;N;X9_"*^N_"GPXU"]2TUSQ68I#=:G9,56 M3;``KQV^"Y:/.^50%.P,\;`'ZM_#'XS^"/C-:ZO<_"WQ)IOB2WT+4I--OY;) MRRPW"=1D@;E/59%RCCE68$_P#@HM^SCXTU(6.C_%/1+>8] M'U:UNM+BZ$_ZVZBC3L?XO0=Q0!]'T5G>'_$>D^+-)M]4\+:GI^L:9=H'M[VP MNDN(9E(!#*Z$JP((((/0BM&@`HHIDLJ01M),RHB`LS,#/V.OBO MJ&H).\5QX=ETY1"H+"2\9;6,G)'RAYU)YS@'`)P#\E?LS?ML?#_]E?\`8:^& M^A2W5KXS^(UXE\UEX/T"\6XN9)9]0FDB2X>,.+=BDT7RN/,.<*C$$#OO^"SE M[>6_[*WA^VT^YG@CU/QW96]U'',46XC^R7L@209PR^9'&^#QN13U`->6^,O^ M"3WC#X(W&E^/OV/?B#J;>-?#L:RQ6&K)!'+-*4993#.`(@&5BOE2H5*LP:3L M0#M/#W[)OQ9_;DURP\<_MN:E?^#_``?#(D^B_#326:W*(%&UY]S,8G8%@^X& M;YF7,("J/LK2_P!FGX3:-I&E:98?#7P,MEH@7[`DF@6TI@*]'#.A8OU)`_C#I,AM+O1[Y6@74I8P`[0AP-DI;<3` M_$7]GO0].N[YY_%6JWN MCV]D"GE)+)-9(LB@X_>,9@#N;&$7&WYB?1[7_@CE\'#/!)KGBKXI:S'#(K_9 M[O6;;RW4'E#MM@V#T.T@\\$=:`/GGX*7MEX(_P""AFE^$/V!-9\0ZO\`"]WB M?QE9QWYOM*5`Y%W+&\GRF)$$*I,69V,?\`@KK+X8U;X[6-K#I^ MISV&JKI7PR6P598751<13:A-/@K)%NC@F5.K><$!V[G7[&\1?#OP'^QM^S?\ M2-5^"OA:P\-KI?AV]OR;0N9[J>*"0P^9.Y:5L.V`68[0QQBO@K_@E'^QQHWQ M,\(>.?B#\3K!;S3=9T^Z\,:'&9%.U)XFCOK@#&Y)`CK$C!E(#S<'*D`'V=_P M35^(OC?XK?LM:7XG^+6LS:]JFH:K>K:7LZ@2-:QR>4H27WCZ4$)<6\\\ MLO[FZ&]>?.&%@4S`ASTE=0T MI_$^NW]W(((XOM*^?YDS,VU!';B)"Q(`$63CFO./B_\`\%7?`_ACQ8GA?X"> M&-7^,VNB62*9=%D>"WW*P7$4@AD:?/S8:-"AP,,0V1#_`,%6XO$GA[]B:WTW MP2C-H,>IZ;:^(G\L*5L$_P!5D.=R@W*VH./FY`/!:O2O^"<\WPKF_9E\*GX' MKH\=RFFVH\5K;?\`'W_:OE*+@W6[Y]QD#E<_+LQL^3;0!XCH_P"WE^U'KFN0 MK8_LH>(8]/GOEC6WO(+ZTD$9<85IY8513M.#*4"`Y)``(K]#('>2"-YH_*D9 M`6CW`[#CD9'7%?+/[6'[?VA?LO>,+3P:O@CQ=XQ\7:GI<6HV%O81)%:2QO+) M&5,V6DWKY3$A87'*C()./"?$_P#P5,^*NC>(/#OA^X_9A\2>&]:\5WHL]#M_ M$>IW%H=2F+(GEPK+9Q!B&EC!PQQO7.,B@#](**\@_9V^(/Q6\?:9K$GQ]^%\ M'PVNK26+^S5AU^WU(7T;!M^1$28RA5?O?>WC`^4Y]?H`*^0]5^/_`(RUS_@I M-H_PH\':T!X'\.^#GO\`Q9I@TY'+73QR/&QF,>]0!/8D;6V\E?O,17UY7PK^ MRWHMWXM_X*-_M-^.;MU6+0K>Q\.QQGDL'6+!&,``+8#/'5QSUR`?;NM:I#H> MCWVHWN1;Z?;27$N!D[$4L?T!KX#_`&6=0_:#_:G_`&0]8\0:7\3KCP7XLUSQ M]_ M#+Q9;Z_`\L7A[Q'H7V(J$>2)OWMLB$L'3(RR@CG/8]K_`,%>/$FJ:'^QU?VF MC&U%MK_B'3[#5#,&W_9@SSCRR.C>=;P@YXV%QU(KF?AI\,?VV=)^%7A[P#HF MH?!7XL;/38-3@BGNM1%O&@1I`NV6!Y2`6;*INW*EUQN2=OFYQ@#!S7MXZ4M%`'SQ^U;^P_\`#O\`:QTOSO%=J^C^ M+K2U,&F>)K!?](MUW;E21,A9XPV?D?D!WV,A8FOGKP_X?_;A_9&O@3\.=(\$ M?#JTEL]!T5)!;I-,TTC-)(TDCN[(Y7#G$@4_P2KD`Y`^;/B;_P M28M]'\52^,/V2?B'KGPP\0*)7@LFGE,$;,@`CBN8F$T,9.[=N\[A^!@;3]^: M1X78#A/-NK!6:0X'S.W)();J1SVL M_L;_`+7/[5R^%M)_:S\<^'=-\':=J(O[JUM8[3[?;LH9,H+6`1M*49@I,A50 MQ8@D;3^H%%`"*,*!SP.]+110`5\5:K_P3+M,\;> M.OBUXSNO&FG#3]0U+7O%!N9HXA+%*OE+L\O*R01L"Z/C!'0D5Q^F_P#!)+X0 MVT<-MKGBGXK>(M*MT1(]*U/Q'']F4*1MPL4$9&`-HP1@$XYP1]M44`?-OQ$_ M83\">+?@#H7P?\*2WOA7PAHOB"WU8QQN]])*%D=YH]TSD@R>8_S'(4G[I'%? M2(&``.@I:*`"BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@`HHHH`****`" >BBB@`HHHH`****`"BBB@`HHHH`****`"BBB@#__9 ` end