CT Universal Map Cautious Fund

The Fund seeks to provide growth, combining capital and income, over the long term (at least 5 years) consistent with a cautious volatility level over the long term. The Fund will gain exposure to a range of global asset classes. At any point the Fund may be invested in any one or more of the following: collective investment schemes, equities (ordinary shares in companies), fixed income securities (securities that pay either a fixed or variable level of income on a periodic basis and generally repay a specified amount at a pre-determined date) including both government and non-government bonds, derivatives (an investment contract between the Fund and a counterparty the value of which is derived from one or more underlying assets), money-market instruments, deposits, cash and near cash, real estate investment trusts and other transferable securities. The Fund may use derivatives for investment purposes as well as for efficient portfolio management.