CT European Smaller Companies Fund

The Fund aims to achieve investment growth over the long term (5 years, or more). It also looks to outperform the MSCI Europe ex UK Small Cap Index (the “Index”) over rolling 3-year periods, after the deduction of charges. The Fund is actively managed, and invests at least 75% in shares of European smaller companies. The Fund considers European smaller companies to be those domiciled in Continental Europe or with significant business operations, that at the time of purchase, are no larger by free-float adjusted market capitalisation than the largest constituent of the Index.