TT UK Equity A Income

The investment objective of the Fund is to produce long term capital growth. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of primarily equity and equity-related securities of companies that are listed in the United Kingdom which the Investment Manager believes have sound prospects for sustainable growth and represent value in the form of assets and earnings. Under normal market conditions the Fund will invest at least 80 per cent. of the total Net Asset Value of the Fund in equity or equity-related securities of companies that are listed on the exchanges included in the FTSE All Share Index (the “Benchmark Index”), including common stocks, preferred stocks, warrants (not more than 5 per cent. of the Net Asset Value of the Fund) and convertible debt securities including non-investment grade debt securities.