0000925950-13-000005.txt : 20130122 0000925950-13-000005.hdr.sgml : 20130121 20130122151440 ACCESSION NUMBER: 0000925950-13-000005 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 8 FILED AS OF DATE: 20130122 DATE AS OF CHANGE: 20130122 EFFECTIVENESS DATE: 20130122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND CENTRAL INDEX KEY: 0001527972 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-176635 FILM NUMBER: 13540132 BUSINESS ADDRESS: STREET 1: 6455 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND CENTRAL INDEX KEY: 0001527972 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22605 FILM NUMBER: 13540133 BUSINESS ADDRESS: STREET 1: 6455 IRVINE CENTER DRIVE CITY: IRVINE STATE: CA ZIP: 92618 BUSINESS PHONE: 213-486-9200 MAIL ADDRESS: STREET 1: 333 SOUTH HOPE STREET STREET 2: 55TH FLOOR CITY: LOS ANGELES STATE: CA ZIP: 90071 0001527972 S000034625 CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND C000106603 Share class ETOPX 485BPOS 1 cetop485bxbrl.htm CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND

 

 

SEC. File Nos. 333-176635

                          811-22605

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

__________________

 

 

FORM N-1A

Registration Statement

Under

the Securities Act of 1933

Post-Effective Amendment No. 2

and

Registration Statement

Under

the Investment Company Act of 1940

Amendment No. 5

 

__________________

 

 

CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND

(Exact Name of Registrant as specified in charter)

 

6455 Irvine Center Drive

Irvine, CA 92618

(Address of principal executive offices)

 

Registrant's telephone number, including area code:

(949) 975-5000

 

__________________

 

 

 

COURTNEY R. TAYLOR, Secretary

Capital Emerging Markets Total Opportunities Fund

6455 Irvine Center Drive

Irvine, CA 92618

(name and address of agent for service)

 

Copy to:

 

Michael Glazer
Bingham McCutchen LLP

355 South Grand Avenue, Suite 4400

Los Angeles, CA 90071-3106

 

(Counsel for the Registrant)

 

__________________

 

 

Approximate date of proposed public offering:

It is proposed that this filing become effective immediately pursuant to paragraph (b) of rule 485

 

 

 

 

 

 

 

 

 

 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all of the requirements for effectiveness of this registration statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Irvine, in the County of Orange and State of California, on the 22nd day of January, 2013.

 

CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND

 

By: /s/ Paul F. Roye

Chairman of the Board

 

 

Pursuant to the requirements of the Securities Act of 1933, this amendment to Registration Statement has been signed below on January 22, 2013 by the following persons in the capacities indicated.

 

 

 

  Signature Title
(1) Principal Executive Officer:
 

 

/s/ John B. Emerson

 

President

  (John B. Emerson)
 
(2) Principal Financial Officer and Principal Accounting Officer:
 

 

/s/ Kevin M. Saks

 

Treasurer

  (Kevin M. Saks)
 
(3) Trustees:
  Richard G. Capen, Jr.* Trustee
  H. Frederick Christie* Trustee
  Martin Fenton* Trustee
  Richard G. Newman* Trustee
  /s/ Paul F. Roye Chairman of the Board
  (Paul F. Roye)
 

 

*By: /s/ Courtney R. Taylor

 
  (Courtney R. Taylor, pursuant to a power of attorney filed herewith)  
       

 

Counsel represents that this amendment does not contain disclosures that would make the amendment ineligible for effectiveness under the provisions of rule 485(b).

 

/s/ Timothy W. McHale

(Timothy W. McHale)

 

 

 
 

 

 

POWER OF ATTORNEY

 

I, Richard G. Capen, Jr., the undersigned trustee of the Capital Emerging Markets Total Opportunities Fund (the “Trust”) hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Trust and do hereby constitute and appoint

 

Courtney R. Taylor

Timothy W. McHale

Kevin M. Saks

 

 

each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Trust on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

 

EXECUTED at San Diego, CA, this 3rd day of August, 2012.

(City, State)

 

 

/s/ Richard G. Capen, Jr.

Richard G. Capen, Jr., Trustee

 

 
 

 

 

POWER OF ATTORNEY

 

I, H. Frederick Christie, the undersigned trustee of the Capital Emerging Markets Total Opportunities Fund (the “Trust”) hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Trust and do hereby constitute and appoint

 

Courtney R. Taylor

Timothy W. McHale

Kevin M. Saks

 

 

each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Trust on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

 

EXECUTED at Palos Verdes, CA, this 3rd day of August, 2012.

(City, State)

 

 

/s/ H. Frederick Christie

H. Frederick Christie, Trustee

 

 
 

 

POWER OF ATTORNEY

 

I, Martin Fenton, the undersigned trustee of the Capital Emerging Markets Total Opportunities Fund (the “Trust”) hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Trust and do hereby constitute and appoint

 

Courtney R. Taylor

Timothy W. McHale

Kevin M. Saks

 

 

each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Trust on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

 

EXECUTED at San Diego, CA, this 2nd day of August, 2012.

(City, State)

 

/s/ Martin Fenton

Martin Fenton, Trustee

 

 
 

 

POWER OF ATTORNEY

 

I, Richard G. Newman, the undersigned trustee of the Capital Emerging Markets Total Opportunities Fund (the “Trust”) hereby revoke all previous powers of attorney I have signed and otherwise act in my name and behalf in matters involving the Trust and do hereby constitute and appoint

 

Courtney R. Taylor

Timothy W. McHale

Kevin M. Saks

 

 

each of them singularly, my true and lawful attorneys-in-fact, with full power of substitution, and with full power to each of them, to sign for me and in my name in the appropriate capacities, all Registration Statements of the Trust on Form N-1A, any and all subsequent Amendments, or Post-Effective Amendments to said Registration Statement on Form N-1A or any successor thereto, and any supplements or other instruments in connection therewith, and generally to do all such things in my name and behalf in connection therewith as said attorneys-in-fact deem necessary or appropriate, to comply with the provisions of the Securities Act of 1933 and the Investment Company Act of 1940 as amended, and all related requirements of the U. S. Securities and Exchange Commission. I hereby ratify and confirm all that said attorneys-in-fact or their substitutes may do or cause to be done by virtue hereof.

 

EXECUTED at Los Angeles, CA, this 2nd day of August, 2012.

(City, State)

 

 

/s/ Richard G. Newman

Richard G. Newman, Trustee

 

 
 

 

 

 

Exhibit Index

 

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

 

 

EX-101.INS 2 ck0001527972-20121228.xml XBRL INSTANCE FILE 485BPOS 2012-12-28 0001527972 2013-01-01 CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND false 2012-12-28 2013-01-01 <tt>The fund pays transaction costs, such as commissions, when it buys and sells <br />securities (or "turns over" its portfolio). A higher portfolio turnover rate <br />may indicate higher transaction costs and may result in higher taxes when <br />fund shares are held in a taxable account. These costs, which are not reflected <br />in annual fund operating expenses or in the example, affect the fund's investment <br />results. During the most recent fiscal year, the fund's portfolio turnover rate <br />was 42% of the average value of its portfolio.</tt> <div style="display:none">~ http://www.capitalguardian.com/role/ExpenseExample_S000034625Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> <tt>The fund's investment objective is to seek long-term growth and preservation <br />of capital with lower volatility of returns than emerging market equities.</tt> <tt>This example is intended to help you compare the cost of investing in the fund <br />with the cost of investing in other mutual funds.<br /> <br />The example assumes that you invest $10,000 in the fund for the time periods<br />indicated and then redeem all of your shares at the end of those periods. The<br />example also assumes that your investment has a 5% return each year and that <br />the fund's operating expenses remain the same.</tt> <tt>The fund will invest primarily in common stocks, other equity securities and<br />bonds of issuers: (1) from developing countries, (2) whose securities are<br />principally traded in an emerging market, (3) that are deemed by the investment<br />adviser to be suitable investments for the fund due to significant economic<br />exposure (e.g. through assets, revenues, or profits) to developing countries, or<br />(4) that are denominated in a currency of a developing country. The securities<br />markets of developing countries may be referred to as emerging markets. Equity<br />securities are securities that exhibit ownership characteristics, including<br />common and preferred stock, securities convertible into common and preferred<br />stock and depository receipts representing ownership in common and preferred<br />stock. These securities are discussed more fully under "Investment objective,<br />strategies and risks."<br /> <br />In determining whether an issuer is from a developing country, the investment<br />adviser will consider such factors as where the issuer is domiciled and the<br />location of the issuer's principal place of business. The investment adviser<br />will deem an issuer to have significant economic exposure to developing<br />countries if it has at least 50% of its assets in developing countries or<br />derives, or in the opinion of the investment adviser is expected to derive, at<br />least 50% of its total revenue or profit from goods or services produced in or<br />sales made in developing countries.<br /> <br />In determining whether a country is a developing country, the fund's investment<br />adviser will consider such factors as whether the country is generally<br />considered to be a developing country by the international financial community,<br />the overall regulatory environment, the presence of government regulation<br />limiting or banning foreign ownership, and restrictions on repatriation of<br />initial capital, dividends, interest and/or capital gains.<br /> <br />Countries that are currently considered by the fund's investment adviser to be<br />developing countries include, but are not limited to, Argentina, Brazil, Chile,<br />China, Colombia, Croatia, Czech Republic, Egypt, Ghana, Hong Kong, Hungary,<br />India, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Malaysia, Mexico,<br />Morocco, Nigeria, Oman, Pakistan, Peru, Philippines, Poland, Qatar, Romania,<br />Russia, Saudi Arabia, Senegal, Slovakia, South Africa, South Korea, Sri Lanka,<br />Taiwan, Thailand, Turkey, United Arab Emirates, Uruguay, Venezuela, Vietnam and<br />Zambia. <br /><br />The fund may invest without limitation in common stocks and bonds. The mix of<br />common stocks and bonds held by the fund will depend on the investment adviser's<br />assessment of market conditions and the asset mix it believes most appropriate<br />to seek to achieve the fund's objective. The fund seeks to achieve its objective<br />of preserving capital with lower volatility of returns than emerging market<br />equities by allocating a portion of its assets to bonds and other debt<br />securities of emerging market issuers.<br /> <br />The fund also invests in other equity securities including preferred stocks,<br />convertible preferred stocks and convertible bonds. The fund invests in bonds<br />and other debt securities with a range of maturities. The fund may invest in<br />both investment grade debt securities (rated Baa3 or better or BBB- or better <br />by Nationally Recognized Statistical Rating Organizations designated by the <br />fund's investment adviser or unrated but determined to be of equivalent quality <br />by the fund's investment adviser) and in higher yielding and generally lower <br />quality debt securities (rated Ba1 or below or BB+ or below by Nationally <br />Recognized Statistical Rating Organizations or unrated but determined by the <br />fund's investment adviser to be of equivalent quality), including corporate loan<br />obligations. Such lower quality securities are sometimes referred to as "junk<br />bonds." The fund may invest in securities with the lowest rating by Nationally<br />Recognized Statistical Rating Organizations designated by the fund's investment<br />adviser.<br /> <br />The investment adviser uses a system of multiple portfolio managers in managing<br />the fund's assets. Under this approach, the portfolio of the fund is divided<br />into segments managed by individual managers who decide how their respective<br />segments will be invested. The mandate manager and the equity investment<br />management group of the fund's investment adviser determine the portfolio<br />managers for the fund and oversee the allocation of assets among the fund's<br />managers.<br /> <br />The fund relies on the professional judgment of its investment adviser to make<br />decisions about the fund's portfolio investments. The basic investment philosophy <br />of the investment adviser is to seek to invest in attractively valued securities <br />that, in its opinion, represent good, long-term investment opportunities. The <br />investment adviser believes that an important way to accomplish this is through <br />fundamental analysis, which may include meeting with company executives and <br />employees, suppliers, customers and competitors. Securities may be sold when <br />the investment adviser believes that they no longer represent relatively <br />attractive investment opportunities.</tt> Capital Emerging Markets Total Opportunities Fund® Example Information regarding investment results is not available as of the date of this prospectus because the fund does not have a full calendar year of investment operations. Investment objective You may lose money by investing in the fund. Principal risks Shareholder fees (fees paid directly from your investment) Although your actual costs may be higher or lower, based on these assumptions your costs would be: 0.42 Investment results Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment) Portfolio turnover <tt>This section describes the principal risks associated with the fund's principal<br />investment strategies. You may lose money by investing in the fund. The<br />likelihood of loss may be greater if you invest for a shorter period of time.<br /> <br />Market conditions - The prices of, and the income generated by, the securities<br />held by the fund may decline due to market conditions and other factors,<br />including those directly involving the issuers of securities held by the fund.<br /> <br />Investing in growth-oriented stocks - Growth-oriented stocks may involve larger<br />price swings and greater potential for loss than other types of investments.<br />These risks may be even greater in the case of smaller capitalization stocks.<br /> <br />Investing in income-oriented stocks - Income provided by the fund may be reduced<br />by changes in the dividend policies of, and the capital resources available at,<br />the companies in which the fund invests.<br /> <br />Investing outside the United States - Securities of issuers domiciled outside<br />the United States, or with significant operations outside the United States, may<br />lose value because of adverse political, social, economic or market developments<br />in the countries or regions in which the issuer operates. These securities may<br />also lose value due to changes in foreign currency exchange rates against the<br />U.S. dollar and/or currencies of other countries. Securities markets in certain<br />countries may be more volatile and/or less liquid than those in the United<br />States. Investments outside the United States may also be subject to different<br />settlement and accounting practices and different regulatory, legal and<br />reporting standards, and may be more difficult to value, than those in the<br />United States. The risks of investing outside the United States may be<br />heightened in connection with investments in emerging markets.<br /> <br />Investing in emerging markets - Investing in emerging markets may involve risks<br />in addition to and greater than those generally associated with investing in<br />developed countries. For instance, developing countries may have less developed<br />legal and accounting systems than those in developed countries. The governments<br />of these countries may be less stable and more likely to impose capital controls, <br />nationalize a company or industry, place restrictions on foreign ownership and <br />on withdrawing sale proceeds of securities from the country, and/or impose <br />punitive taxes that could adversely affect the prices of securities. In addition, <br />the economies of these countries may be dependent on relatively few industries <br />that are more susceptible to local and global changes. Securities markets in these <br />countries can also be relatively small and have substantially lower trading volumes. <br />As a result, securities issued in these countries may be more volatile and less<br />liquid, and may be more difficult to value, than securities issued in countries<br />with more developed economies and/or markets. Additionally, there may be<br />increased settlement risks for transactions in local securities. <br /><br />Investing in bonds - Rising interest rates will generally cause the prices of<br />bonds and other debt securities to fall. Longer maturity debt securities may be<br />subject to greater price fluctuations than shorter maturity debt securities. In<br />addition, falling interest rates may cause an issuer to redeem, call or<br />refinance a security before its stated maturity, which may result in the fund<br />having to reinvest the proceeds in lower yielding securities.<br /> <br />Bonds and other debt securities are subject to credit risk, which is the<br />possibility that the credit strength of an issuer will weaken and/or an issuer<br />of a debt security will fail to make timely payments of principal or interest<br />and the security will go into default. Credit risk is gauged, in part, by the<br />credit ratings of the securities in which the fund invests. However, ratings are<br />only the opinions of the rating agencies issuing them and are not guarantees as<br />to credit quality or an evaluation of market risk.<br /> <br />Investing in lower rated bonds - Lower rated bonds and other lower rated debt<br />securities generally have higher rates of interest and involve greater risk of<br />default or price declines due to changes in the issuer's creditworthiness than<br />those of higher quality debt securities. The market prices of these securities<br />may fluctuate more than the prices of higher quality debt securities and may<br />decline significantly in periods of general economic difficulty. These risks may<br />be increased with respect to lower quality, higher yielding debt securities<br />(rated Ba1 or below or BB+ or below by Nationally Recognized Statistical Rating<br />Organizations designated by the fund's investment adviser or unrated but<br />determined to be of equivalent quality by the fund's investment adviser). Such<br />securities are sometimes referred to as "junk bonds." Junk bonds are considered<br />speculative.<br /> <br />Thinly traded securities - There may be little trading in the secondary market<br />for particular bonds or other debt securities, which may make them more<br />difficult to value, acquire or sell.<br /> <br />Management - The investment adviser to the fund actively manages the fund's<br />investments. Consequently, the fund is subject to the risk that the methods <br />and analyses employed by the investment adviser in this process may not <br />produce the desired results. This could cause the fund to lose value or its <br />investment results to lag relevant benchmarks or other funds with similar <br />objectives.<br /> <br />Your investment in the fund is not a bank deposit and is not insured or guaranteed <br />by the Federal Deposit Insurance Corporation or any other governmental agency, <br />entity or person. You should consider how the fund fits into your overall investment <br />program.</tt> Fees and expenses of the fund Principal investment strategies <tt>Information regarding investment results is not available as of the date of this<br />prospectus because the fund does not have a full calendar year of investment<br />operations.</tt> <tt>This table describes the fees and expenses that you may pay if you buy and hold<br />shares of the fund.</tt> <div style="display:none">~ http://www.capitalguardian.com/role/OperatingExpensesData_S000034625Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person. <div style="display:none">~ http://www.capitalguardian.com/role/ShareholderFeesData_S000034625Member column dei_LegalEntityAxis compact * column rr_ProspectusShareClassAxis compact * row primary compact * ~</div> ETOPX 0.00 112 350 1340 0.00 606 0.0010 0.0100 2013-12-31 0.00 0.00 0.0110 0.00 0001527972 ck0001527972:SummaryS000034625Memberck0001527972:S000034625Memberck0001527972:C000106603Member 2013-01-01 2013-01-01 0001527972 ck0001527972:SummaryS000034625Memberck0001527972:S000034625Member 2013-01-01 2013-01-01 0001527972 2013-01-01 2013-01-01 pure iso4217:USD Estimated by annualizing actual expenses for a partial year. The fund's investment adviser has agreed to reimburse the fund for a portion of other expenses so that other expenses do not exceed .10%. The adviser has agreed to reimburse any expenses over .10% through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time. 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CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND (Prospectus Summary) | CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND
Capital Emerging Markets Total Opportunities Fund®
Investment objective
The fund's investment objective is to seek long-term growth and preservation
of capital with lower volatility of returns than emerging market equities.
Fees and expenses of the fund
This table describes the fees and expenses that you may pay if you buy and hold
shares of the fund.
Shareholder fees (fees paid directly from your investment)
Shareholder Fees
CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND
Share class
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed) none
Maximum sales charge (load) imposed on reinvested dividends none
Redemption or exchange fees none
Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND
Share class
Management fees 1.00%
Distribution and/or service (12b-1) fees none
Other expenses [1][2] 0.10%
Total annual fund operating expenses 1.10%
[1] Estimated by annualizing actual expenses for a partial year.
[2] The fund's investment adviser has agreed to reimburse the fund for a portion of other expenses so that other expenses do not exceed .10%. The adviser has agreed to reimburse any expenses over .10% through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
Example
This example is intended to help you compare the cost of investing in the fund
with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods
indicated and then redeem all of your shares at the end of those periods. The
example also assumes that your investment has a 5% return each year and that
the fund's operating expenses remain the same.
Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example (USD $)
Expense Example, with Redemption, 1 Year
Expense Example, with Redemption, 3 Years
Expense Example, with Redemption, 5 Years
Expense Example, with Redemption, 10 Years
CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND Share class
112 350 606 1,340
Portfolio turnover
The fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when
fund shares are held in a taxable account. These costs, which are not reflected
in annual fund operating expenses or in the example, affect the fund's investment
results. During the most recent fiscal year, the fund's portfolio turnover rate
was 42% of the average value of its portfolio.
Principal investment strategies
The fund will invest primarily in common stocks, other equity securities and
bonds of issuers: (1) from developing countries, (2) whose securities are
principally traded in an emerging market, (3) that are deemed by the investment
adviser to be suitable investments for the fund due to significant economic
exposure (e.g. through assets, revenues, or profits) to developing countries, or
(4) that are denominated in a currency of a developing country. The securities
markets of developing countries may be referred to as emerging markets. Equity
securities are securities that exhibit ownership characteristics, including
common and preferred stock, securities convertible into common and preferred
stock and depository receipts representing ownership in common and preferred
stock. These securities are discussed more fully under "Investment objective,
strategies and risks."

In determining whether an issuer is from a developing country, the investment
adviser will consider such factors as where the issuer is domiciled and the
location of the issuer's principal place of business. The investment adviser
will deem an issuer to have significant economic exposure to developing
countries if it has at least 50% of its assets in developing countries or
derives, or in the opinion of the investment adviser is expected to derive, at
least 50% of its total revenue or profit from goods or services produced in or
sales made in developing countries.

In determining whether a country is a developing country, the fund's investment
adviser will consider such factors as whether the country is generally
considered to be a developing country by the international financial community,
the overall regulatory environment, the presence of government regulation
limiting or banning foreign ownership, and restrictions on repatriation of
initial capital, dividends, interest and/or capital gains.

Countries that are currently considered by the fund's investment adviser to be
developing countries include, but are not limited to, Argentina, Brazil, Chile,
China, Colombia, Croatia, Czech Republic, Egypt, Ghana, Hong Kong, Hungary,
India, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Malaysia, Mexico,
Morocco, Nigeria, Oman, Pakistan, Peru, Philippines, Poland, Qatar, Romania,
Russia, Saudi Arabia, Senegal, Slovakia, South Africa, South Korea, Sri Lanka,
Taiwan, Thailand, Turkey, United Arab Emirates, Uruguay, Venezuela, Vietnam and
Zambia.

The fund may invest without limitation in common stocks and bonds. The mix of
common stocks and bonds held by the fund will depend on the investment adviser's
assessment of market conditions and the asset mix it believes most appropriate
to seek to achieve the fund's objective. The fund seeks to achieve its objective
of preserving capital with lower volatility of returns than emerging market
equities by allocating a portion of its assets to bonds and other debt
securities of emerging market issuers.

The fund also invests in other equity securities including preferred stocks,
convertible preferred stocks and convertible bonds. The fund invests in bonds
and other debt securities with a range of maturities. The fund may invest in
both investment grade debt securities (rated Baa3 or better or BBB- or better
by Nationally Recognized Statistical Rating Organizations designated by the
fund's investment adviser or unrated but determined to be of equivalent quality
by the fund's investment adviser) and in higher yielding and generally lower
quality debt securities (rated Ba1 or below or BB+ or below by Nationally
Recognized Statistical Rating Organizations or unrated but determined by the
fund's investment adviser to be of equivalent quality), including corporate loan
obligations. Such lower quality securities are sometimes referred to as "junk
bonds." The fund may invest in securities with the lowest rating by Nationally
Recognized Statistical Rating Organizations designated by the fund's investment
adviser.

The investment adviser uses a system of multiple portfolio managers in managing
the fund's assets. Under this approach, the portfolio of the fund is divided
into segments managed by individual managers who decide how their respective
segments will be invested. The mandate manager and the equity investment
management group of the fund's investment adviser determine the portfolio
managers for the fund and oversee the allocation of assets among the fund's
managers.

The fund relies on the professional judgment of its investment adviser to make
decisions about the fund's portfolio investments. The basic investment philosophy
of the investment adviser is to seek to invest in attractively valued securities
that, in its opinion, represent good, long-term investment opportunities. The
investment adviser believes that an important way to accomplish this is through
fundamental analysis, which may include meeting with company executives and
employees, suppliers, customers and competitors. Securities may be sold when
the investment adviser believes that they no longer represent relatively
attractive investment opportunities.
Principal risks
This section describes the principal risks associated with the fund's principal
investment strategies. You may lose money by investing in the fund. The
likelihood of loss may be greater if you invest for a shorter period of time.

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

Investing in growth-oriented stocks - Growth-oriented stocks may involve larger
price swings and greater potential for loss than other types of investments.
These risks may be even greater in the case of smaller capitalization stocks.

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

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

Investing in emerging markets - Investing in emerging markets may involve risks
in addition to and greater than those generally associated with investing in
developed countries. For instance, developing countries may have less developed
legal and accounting systems than those in developed countries. The governments
of these countries may be less stable and more likely to impose capital controls,
nationalize a company or industry, place restrictions on foreign ownership and
on withdrawing sale proceeds of securities from the country, and/or impose
punitive taxes that could adversely affect the prices of securities. In addition,
the economies of these countries may be dependent on relatively few industries
that are more susceptible to local and global changes. Securities markets in these
countries can also be relatively small and have substantially lower trading volumes.
As a result, securities issued in these countries may be more volatile and less
liquid, and may be more difficult to value, than securities issued in countries
with more developed economies and/or markets. Additionally, there may be
increased settlement risks for transactions in local securities.

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

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default. Credit risk is gauged, in part, by the
credit ratings of the securities in which the fund invests. However, ratings are
only the opinions of the rating agencies issuing them and are not guarantees as
to credit quality or an evaluation of market risk.

Investing in lower rated bonds - Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks may
be increased with respect to lower quality, higher yielding debt securities
(rated Ba1 or below or BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser). Such
securities are sometimes referred to as "junk bonds." Junk bonds are considered
speculative.

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

Management - The investment adviser to the fund actively manages the fund's
investments. Consequently, the fund is subject to the risk that the methods
and analyses employed by the investment adviser in this process may not
produce the desired results. This could cause the fund to lose value or its
investment results to lag relevant benchmarks or other funds with similar
objectives.

Your investment in the fund is not a bank deposit and is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other governmental agency,
entity or person. You should consider how the fund fits into your overall investment
program.
Investment results
Information regarding investment results is not available as of the date of this
prospectus because the fund does not have a full calendar year of investment
operations.
XML 14 R6.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
ProspectusDate rr_ProspectusDate Jan. 01, 2013
CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND (Prospectus Summary) | CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Capital Emerging Markets Total Opportunities Fund®
Objective [Heading] rr_ObjectiveHeading Investment objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund's investment objective is to seek long-term growth and preservation
of capital with lower volatility of returns than emerging market equities.
Expense [Heading] rr_ExpenseHeading Fees and expenses of the fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock This table describes the fees and expenses that you may pay if you buy and hold
shares of the fund.
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual fund operating expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover rate
may indicate higher transaction costs and may result in higher taxes when
fund shares are held in a taxable account. These costs, which are not reflected
in annual fund operating expenses or in the example, affect the fund's investment
results. During the most recent fiscal year, the fund's portfolio turnover rate
was 42% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 42.00%
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund
with the cost of investing in other mutual funds.

The example assumes that you invest $10,000 in the fund for the time periods
indicated and then redeem all of your shares at the end of those periods. The
example also assumes that your investment has a 5% return each year and that
the fund's operating expenses remain the same.
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Principal investment strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund will invest primarily in common stocks, other equity securities and
bonds of issuers: (1) from developing countries, (2) whose securities are
principally traded in an emerging market, (3) that are deemed by the investment
adviser to be suitable investments for the fund due to significant economic
exposure (e.g. through assets, revenues, or profits) to developing countries, or
(4) that are denominated in a currency of a developing country. The securities
markets of developing countries may be referred to as emerging markets. Equity
securities are securities that exhibit ownership characteristics, including
common and preferred stock, securities convertible into common and preferred
stock and depository receipts representing ownership in common and preferred
stock. These securities are discussed more fully under "Investment objective,
strategies and risks."

In determining whether an issuer is from a developing country, the investment
adviser will consider such factors as where the issuer is domiciled and the
location of the issuer's principal place of business. The investment adviser
will deem an issuer to have significant economic exposure to developing
countries if it has at least 50% of its assets in developing countries or
derives, or in the opinion of the investment adviser is expected to derive, at
least 50% of its total revenue or profit from goods or services produced in or
sales made in developing countries.

In determining whether a country is a developing country, the fund's investment
adviser will consider such factors as whether the country is generally
considered to be a developing country by the international financial community,
the overall regulatory environment, the presence of government regulation
limiting or banning foreign ownership, and restrictions on repatriation of
initial capital, dividends, interest and/or capital gains.

Countries that are currently considered by the fund's investment adviser to be
developing countries include, but are not limited to, Argentina, Brazil, Chile,
China, Colombia, Croatia, Czech Republic, Egypt, Ghana, Hong Kong, Hungary,
India, Indonesia, Jamaica, Jordan, Kazakhstan, Kenya, Kuwait, Malaysia, Mexico,
Morocco, Nigeria, Oman, Pakistan, Peru, Philippines, Poland, Qatar, Romania,
Russia, Saudi Arabia, Senegal, Slovakia, South Africa, South Korea, Sri Lanka,
Taiwan, Thailand, Turkey, United Arab Emirates, Uruguay, Venezuela, Vietnam and
Zambia.

The fund may invest without limitation in common stocks and bonds. The mix of
common stocks and bonds held by the fund will depend on the investment adviser's
assessment of market conditions and the asset mix it believes most appropriate
to seek to achieve the fund's objective. The fund seeks to achieve its objective
of preserving capital with lower volatility of returns than emerging market
equities by allocating a portion of its assets to bonds and other debt
securities of emerging market issuers.

The fund also invests in other equity securities including preferred stocks,
convertible preferred stocks and convertible bonds. The fund invests in bonds
and other debt securities with a range of maturities. The fund may invest in
both investment grade debt securities (rated Baa3 or better or BBB- or better
by Nationally Recognized Statistical Rating Organizations designated by the
fund's investment adviser or unrated but determined to be of equivalent quality
by the fund's investment adviser) and in higher yielding and generally lower
quality debt securities (rated Ba1 or below or BB+ or below by Nationally
Recognized Statistical Rating Organizations or unrated but determined by the
fund's investment adviser to be of equivalent quality), including corporate loan
obligations. Such lower quality securities are sometimes referred to as "junk
bonds." The fund may invest in securities with the lowest rating by Nationally
Recognized Statistical Rating Organizations designated by the fund's investment
adviser.

The investment adviser uses a system of multiple portfolio managers in managing
the fund's assets. Under this approach, the portfolio of the fund is divided
into segments managed by individual managers who decide how their respective
segments will be invested. The mandate manager and the equity investment
management group of the fund's investment adviser determine the portfolio
managers for the fund and oversee the allocation of assets among the fund's
managers.

The fund relies on the professional judgment of its investment adviser to make
decisions about the fund's portfolio investments. The basic investment philosophy
of the investment adviser is to seek to invest in attractively valued securities
that, in its opinion, represent good, long-term investment opportunities. The
investment adviser believes that an important way to accomplish this is through
fundamental analysis, which may include meeting with company executives and
employees, suppliers, customers and competitors. Securities may be sold when
the investment adviser believes that they no longer represent relatively
attractive investment opportunities.
Risk [Heading] rr_RiskHeading Principal risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock This section describes the principal risks associated with the fund's principal
investment strategies. You may lose money by investing in the fund. The
likelihood of loss may be greater if you invest for a shorter period of time.

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

Investing in growth-oriented stocks - Growth-oriented stocks may involve larger
price swings and greater potential for loss than other types of investments.
These risks may be even greater in the case of smaller capitalization stocks.

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

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

Investing in emerging markets - Investing in emerging markets may involve risks
in addition to and greater than those generally associated with investing in
developed countries. For instance, developing countries may have less developed
legal and accounting systems than those in developed countries. The governments
of these countries may be less stable and more likely to impose capital controls,
nationalize a company or industry, place restrictions on foreign ownership and
on withdrawing sale proceeds of securities from the country, and/or impose
punitive taxes that could adversely affect the prices of securities. In addition,
the economies of these countries may be dependent on relatively few industries
that are more susceptible to local and global changes. Securities markets in these
countries can also be relatively small and have substantially lower trading volumes.
As a result, securities issued in these countries may be more volatile and less
liquid, and may be more difficult to value, than securities issued in countries
with more developed economies and/or markets. Additionally, there may be
increased settlement risks for transactions in local securities.

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

Bonds and other debt securities are subject to credit risk, which is the
possibility that the credit strength of an issuer will weaken and/or an issuer
of a debt security will fail to make timely payments of principal or interest
and the security will go into default. Credit risk is gauged, in part, by the
credit ratings of the securities in which the fund invests. However, ratings are
only the opinions of the rating agencies issuing them and are not guarantees as
to credit quality or an evaluation of market risk.

Investing in lower rated bonds - Lower rated bonds and other lower rated debt
securities generally have higher rates of interest and involve greater risk of
default or price declines due to changes in the issuer's creditworthiness than
those of higher quality debt securities. The market prices of these securities
may fluctuate more than the prices of higher quality debt securities and may
decline significantly in periods of general economic difficulty. These risks may
be increased with respect to lower quality, higher yielding debt securities
(rated Ba1 or below or BB+ or below by Nationally Recognized Statistical Rating
Organizations designated by the fund's investment adviser or unrated but
determined to be of equivalent quality by the fund's investment adviser). Such
securities are sometimes referred to as "junk bonds." Junk bonds are considered
speculative.

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

Management - The investment adviser to the fund actively manages the fund's
investments. Consequently, the fund is subject to the risk that the methods
and analyses employed by the investment adviser in this process may not
produce the desired results. This could cause the fund to lose value or its
investment results to lag relevant benchmarks or other funds with similar
objectives.

Your investment in the fund is not a bank deposit and is not insured or guaranteed
by the Federal Deposit Insurance Corporation or any other governmental agency,
entity or person. You should consider how the fund fits into your overall investment
program.
Risk Lose Money [Text] rr_RiskLoseMoney You may lose money by investing in the fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution Your investment in the fund is not a bank deposit and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency, entity or person.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Investment results
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock Information regarding investment results is not available as of the date of this
prospectus because the fund does not have a full calendar year of investment
operations.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Information regarding investment results is not available as of the date of this prospectus because the fund does not have a full calendar year of investment operations.
CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND (Prospectus Summary) | CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND | Share class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Maximum sales charge (load) imposed on purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum deferred sales charge (load) (as a percentage of the amount redeemed) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum sales charge (load) imposed on reinvested dividends rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or exchange fees rr_RedemptionFeeOverRedemption none
Management fees rr_ManagementFeesOverAssets 1.00%
Distribution and/or service (12b-1) fees rr_DistributionAndService12b1FeesOverAssets none
Other expenses rr_OtherExpensesOverAssets 0.10% [1],[2]
Total annual fund operating expenses rr_ExpensesOverAssets 1.10%
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-12-31
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 112
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 350
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 606
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,340
[1] Estimated by annualizing actual expenses for a partial year.
[2] The fund's investment adviser has agreed to reimburse the fund for a portion of other expenses so that other expenses do not exceed .10%. The adviser has agreed to reimburse any expenses over .10% through at least December 31, 2013, unless modified or terminated by the fund's board. The adviser may elect at its discretion to extend, modify or terminate the reimbursement at that time.
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XML 16 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk Return [Abstract] rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Dec. 28, 2012
Registrant Name dei_EntityRegistrantName CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND
Central Index Key dei_EntityCentralIndexKey 0001527972
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 28, 2012
Document Effective Date dei_DocumentEffectiveDate Jan. 01, 2013
CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND (Prospectus Summary) | CAPITAL EMERGING MARKETS TOTAL OPPORTUNITIES FUND | Share class
 
Risk Return [Abstract] rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol ETOPX
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