CT UK SMALLER COMPANIES 2

The Fund aims to achieve medium to long-term capital growth , with some income, over the medium to long term (at least 3-5 years). The Fund invests primarily in equities at least 70% in shares of smaller UK companies. A UK company is one from any economic sector that may be listed, quoted or traded in the UK or elsewhere but which is incorporated, domiciled or conducts a significant portion of its business in the UK. A smaller company is Smaller sized companies are defined by the investment manager for the Fund as a company within the bottom 10 per cent of the total companies with a market capitalisation of all publicly listed equity in the UK less than £4 billion at the time of purchase. The Fund may invest in any industry sector.