From 1 June 2023, changes will be made to the investment objectives and policies of the following funds:

1. CT Sterling Short-Dated Corporate Bond Fund
2. CT Sterling Corporate Bond Fund
3. CT Sterling Medium and Long-Dated Corporate Bond Fund

In summary, the changes are as follows:

• The existing benchmark for the CT Sterling Short-Dated Corporate Bond Fund will be replaced by the iBoxx GBP Corporates 1-5 Index.
• The iBoxx GBP Non-Gilts Index will be introduced as the formal benchmark of the CT Sterling Corporate Bond Fund.
• The Funds’ investment policies will be updated to integrate certain RI measures into the investment decision-making process.

Further information can be found below:

Investor letter

Q&A