CGAVX : Causeway Global Absolute Return Fund Investor Class

Fund Summary

The investment seeks long-term growth of capital with low or no correlation to the MSCI World Index. The fund takes long and short exposures to common and preferred stocks of companies primarily in developed countries outside the U.S. and of companies in the U.S. To obtain exposure to long and short positions in securities, the fund enters into one or more total return equity swap agreements. The Investment Adviser uses quantitative research designed to identify short exposures that expects to underperform the world index to manage the it's short exposures (the "short portfolio").