Review UMB Bank’s Privacy Policy and the summary prospectus or prospectus of the CGM Fund in which you are investing:

• UMB Bank Privacy Policy
• CGM Focus Fund Summary Prospectus
• CGM Focus Fund Prospectus
• CGM Realty Fund Summary Prospectus
• CGM Realty Fund Prospectus
• CGM Mutual Fund Summary Prospectus
• CGM Mutual Fund Prospectus

Clicking the “I Agree” button below signifies that you acknowledge that you have been provided and have read and understand the current summary prospectus or prospectus of the CGM Fund in which you are investing and agree to be bound by the current terms of, as may be amended from time to time, the prospectus and the provisions set forth in the account application. This consent applies only to this new account process and the delivery of the summary prospectus or prospectus of the CGM Fund in which you are investing.