CT Global Real Estate Securities Fund

The Fund aims to provide a return (combining capital and income) which is greater than the FTSE EPRA NAREIT Developed Custom Mid Day Net Tax TR Index, after charges are deducted, over any three-year period. The Fund is actively managed and invests, directly or indirectly in real estate companies in Europe, the US, Australia and Asia. The Index is used by the Fund as a target to outperform. The Fund seeks its index outperformance by investing in broadly the same geographical regions, and in broadly the same amounts, as the index, whilst not being constrained to invest in the companies included in the Index.