CT Managed Equity Income Fund

The Fund aims to provide income with the prospect of some investment growth over the long term. It looks to achieve an income yield higher than a composite index over rolling 3-year periods, after the deduction of charges. This composite index comprises: 60% FTSE All-Share Index, 15% iBoxx GBP Non-Gilts Index, 10% MSCI Europe Index, 10% MSCI ACWI Index, 5% ICE BofA European Currency High Yield Excluding Subordinated Financials Constrained (Hedged to Sterling) Index. The Fund is actively managed, and invests at least 70% of its assets in other funds.