X0101 EFFECT 33 LIVE 2011-02-16 0001474365-11-000007 485APOS 0001474365 CAPITAL PRIVATE CLIENT SERVICES FUNDS 333-163115 S000027394 Capital Core Municipal Fund C000082662 Share class S000027395 Capital Short-Term Municipal Fund C000082663 Share class S000027396 Capital California Core Municipal Fund C000082664 Share class S000027397 Capital California Short-Term Municipal Fund C000082665 Share class S000027398 Capital Core Bond Fund C000082666 Share class S000031199 Capital Global Equity Fund C000096877 Share class S000031200 Capital Non-U.S. Equity Fund C000096878 Share class S000031201 Capital U.S. Equity Fund C000096879 Share class