To determine if a Fund is appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and other information can be found in the Fund’s full or summary prospectus, which may be obtained by calling 1-866-947-7000. Read it carefully before investing.

Risk Disclosure

Investing involves risk including loss of principal. There is no guarantee that the Causeway Funds will meet their stated objectives. In additional to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Investments in smaller companies involve additional risks and typically exhibit higher volatility.

This communication expresses the portfolio managers’ views as of the date it was created and should not be relied on as research or investment advice regarding any stock or sector. These views and characteristics are subject to change. There is no guarantee that any forecasts made will come to pass.

Causeway Funds are distributed by SEI Investments Distribution Co, (SIDCO), 1 Freedom Valley Drive, Oaks, PA 19456, which is not affiliated with Causeway Capital Management LLC.