CGXU

About CGXU

The fundinvests primarily in common stocks of companies domiciled outside the United States, including companies domiciled in emerging markets(but in no fewer than three countries), that the investment adviser believes have the potential for growth. The fund normally investsat least 80% of its assets in equity securities.The fund is nondiversified, whichmeans it may invest a greater portion of its assets in fewer issuers than would otherwise be the case.The investmentadviser uses a system of multiple portfolio managers in managing assets. Under this approach, a portfolio is divided into segments managedby individual managers. For more information regarding the investment process of the fund, see the “Management and organization”section of this prospectus.The fundrelies on the professional judgment of its investment adviser to make decisions about the fund’s portfolio investments. The basicinvestment philosophy of the investment adviser is to seek to invest in attractively valued companies that, in its opinion, representgood, long-term investment opportunities. Securities may be sold when the investment adviser believes that they no longer represent relativelyattractive investment opportunities.