30 June 2025 - Aligning the allocation of AMC payments for CT Select UK Equity Income Fund (Class 2 Accumulation shares) and CT MM Navigator Growth Fund (Class D Accumulation shares and Class S Accumulation shares)
Effective 30 June 2025:
- CT Select UK Equity Income Fund: the AMC for Class 2 Accumulation shares will be taken from the capital property of the Fund, not income.
- CT MM Navigator Growth Fund: the AMC for Class D Accumulation shares and Class S Accumulation shares will be taken from income (in the first instance), rather than the Fund’s capital property.
We are aligning how payment of the annual management charge (AMC) is taken. Our policy on how the payment is allocated remains the same, as stated in the Prospectus, however we are seeking to ensure that we are applying a consistent approach across relevant share classes.
