Funds in scope for the changes:

• CT MM Lifestyle 3 Fund
• CT MM Lifestyle 4 Fund
• CT MM Lifestyle 5 Fund
• CT MM Lifestyle 6 Fund
• CT MM Lifestyle 7 Fund

(together, the “Funds”)

Effective 31 July 2025, we will be making the following changes to the Funds:

• Amending the Funds’ investment objectives and policies, more clearly setting out the aims of each fund and the approach taken to manage them
• Changing the names of the Funds to reflect the way they are managed
• Reducing the fees and charges you pay as an investor in the Funds

Further information can be found in the below.

Shareholder Letter – Investor

Shareholder Letter – Agent

Q&A – All Shareholders