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.