CT North American Systematic Equity Fund

The Fund aims to achieve capital growth with some income over the long term (5 years or more). It also looks to outperform the FTSE World North America Net Tax Index (the “Index”) over rolling 3 year periods, after the deduction of charges. The Fund is actively managed, and invests at least 80% of its assets in shares of North American companies. These are companies which are domiciled in the United States of America (US) or Canada, or which have significant US or Canadian business operations.