The Fund aims to achieve investment growth over the long term (5 years, or more). It also looks to outperform the MSCI ACWI Index (“the Index”) over rolling 3-year periods, after the deduction of charges.

The Fund is actively managed, and invests at least 75% in a concentrated portfolio of shares of companies worldwide. There is no restriction on size, but investment tends to focus on larger companies.

The Index represents the share performance of large and medium-sized companies worldwide and provides a suitable target benchmark against which Fund performance will be evaluated over time.

The Investment Manager selects companies it has a high conviction that the current share price does not reflect the prospects for that business, and typically invests in fewer than 50 companies, including some not within the Index. These companies are chosen across different sectors and regions, with significant sector and share weightings taken at the discretion of the Investment Manager.

The Investment Manager also seeks to create a portfolio that compares favourably against the Index over rolling 12-month periods, when assessed using the Columbia Threadneedle ESG Materiality Rating model.

This model (developed and owned by Columbia Threadneedle Investments) analyses company data to assess how effectively material environmental, social and governance (ESG) risks and opportunities are being managed. If sufficient data is available, the combined results are expressed as a numerical rating to indicate how much exposure a company has to material ESG risks and opportunities in a particular industry.

Whilst the Fund may still invest in companies that have poor ESG Materiality ratings, at least 50% of the portfolio is invested in companies with strong ratings.

The Investment Manager engages with companies with a view to influencing management teams to address material ESG risks and improve their ESG practices.

Columbia Threadneedle Investments is a signatory to the Net Zero Asset Managers Initiative and has committed to an ambition to reach net zero emissions by 2050 or sooner for a range of assets, including the Fund. As such, the Investment Manager will proactively engage with companies to assist with progressing this and may disinvest from those not meeting the minimum standards.

The Fund only invests in companies that follow good governance practices. It does not invest in companies which derive revenue from industries or activities above the thresholds shown: tobacco production (5%); nuclear weapons – indirect involvement (5%), conventional weapons – military, or civilian firearms (10%), and thermal coal – extraction or power generation (30%), providing a company is not engaged in new coal projects.

The Fund excludes companies that have direct involvement in nuclear or controversial weapons, and companies determined to have breached international standards and principles.

The Fund may invest in other securities, collective investment schemes (including funds managed by Columbia Threadneedle companies), money market instruments, deposits, and cash. Derivatives may only be held with the aim of reducing risk or managing the Fund more efficiently.

The investment objective of the Company is to deliver capital growth and income over the long term (at least 5 years). In normal market conditions, the Fund will aim to achieve this by investing at least 70% directly or indirectly in a combination of UK commercial property and securities of property and property related issuers listed or operating in the countries of the European Union and/or the European Economic Area. The Fund is actively managed and while the securities which the Company invests to gain exposure to property will mainly be shares, investment may also be made in bonds (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), derivatives (an investment contract between the Fund and a counterparty the value of which is derived from one or more underlying assets) and securities convertible into shares (securities which pay a fixed rate of interest with an option to convert into equities at a pre-determined price on a specified date). The Company may use derivatives for investment purposes, as well as for efficient portfolio management to maintain, increase or reduce exposure to securities or market indices. The Company may invest in cash or money market instruments (including government securities). The Fund is not restricted, and may deviate, from the ranges above if, in the opinion of the Manager, the prevailing market and economic conditions warrant the adoption of such a policy. Up to 10% of the Portfolio may be invested in separately managed funds (including collective investment schemes) investing predominantly in securities in which the Company may invest. Non-sterling investments may be hedged back to sterling. There is no minimum holding period for this Fund. However, it may not be appropriate for investors who plan to withdraw their money in under 5 years.

Financial Objective: The Fund aims to achieve income with capital growth over the long term (5 years or more), and to provide an income yield higher than the MSCI All Country World Index over rolling 3-year periods, after the deduction of charges. Sustainability Objective: The Fund seeks to address the sustainability challenges facing people and the environment by investing in shares of companies that provide solutions aligned with the Fund’s 7 “Sustainability Themes”: Energy Transition, Resource Efficiency, Sustainable Infrastructure, Sustainable Finance, Societal Development, Health and Wellbeing, Technological Innovation & Inclusion. The Fund is actively managed and holds at least 90% of its assets in pursuit of its Sustainability Objective, by investing in a concentrated portfolio of companies (typically 30-50), whose products or services are providing solutions to environmental or social challenges in line with its Sustainability Themes. The companies selected for investment may be located anywhere in the world, be of any size and from any economic sector or industry, subject to the “Sustainable Investment Criteria”. In accordance with this, we: (1) Assess and select companies for investment using Columbia Threadneedle Investments Standard of Sustainability (the “Standard”), which ensures that environmental or social solutions being provided by companies not only align with the Sustainability Themes but are a material business driver i.e. 50% or more of their total net revenue is generated in this way (net means subtracting any revenues that are negatively aligned to the Themes from those that are positively aligned). (2) Exclude companies whose activities are considered harmful to the environment or society, and therefore conflict with the Sustainability Objective, including companies with significant exposure (based on revenues) to weapons, tobacco, fossil fuels, or companies breaching international standards of business conduct. Further details about the Standard and exclusions can be found in the prospectus available on our website: www.columbiathreadneedle.com. The Fund is permitted to invest up to 10% in the following assets that do not pursue the Sustainability Objective: investments that have sustainability characteristics but don’t currently meet the Standard; other assets including bonds, funds (including those managed by Columbia Threadneedle companies), money market instruments, deposits, and cash for the purpose of liquidity and risk management. The Fund may use derivatives for efficient portfolio management only. We seek to engage with companies to better understand how they are providing solutions to sustainability challenges aligned with the Sustainability Themes, and to encourage better management of environmental, social and governance (ESG) issues.

The Fund aims to provide income with the prospect of some investment growth over the long term (5 years or more), through investment in bonds that are deemed to be supporting and funding socially beneficial activities and development, primarily in the UK.

The Fund is actively managed, and seeks to maximise its investment exposure to socially beneficial activities and development, based on assessments produced under the Fund’s Social Assessment Methodology (developed by The Big Issue Group and Columbia Threadneedle Investments). The Social Assessment Methodology ensures that social impact considerations are integrated into the investment decision-making process. Investment is directed towards eight social outcome areas: housing and property; community services; education, learning and skills; employment and training; financial inclusion; health and social care; transport and communications infrastructure, utilities and the environment. Eligible Investments are assessed to establish an overall view of the investment’s “social intensity”. Some debt securities will have more direct and tangible social benefits than others, however those selected for investment are considered to have net positive impacts.

A Social Advisory Committee regularly reviews the Social Assessment Methodology and the assessments carried out and may propose amendments or updates over time. An annual report is made available to investors which provides a summary of the Fund’s social impact performance.

The Fund may invest in bonds (usually investment grade) issued by international, public, private or voluntary and/or charitable sector organisations. Cash or near cash will be retained within the Fund for efficient management, and similarly deposits and money market instruments may be held for this reason.

The Fund is not permitted to invest in derivatives for investment purposes, but derivatives may be used with the aim of reducing risk or managing the Fund more efficiently. Derivatives are sophisticated investment instruments linked to the rise and fall of the price of other assets.

The Fund seeks to provide growth (combining capital and income), over the long term (at least 5 years) consistent with a balanced 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. The Fund is actively managed and the investment manager is not constrained by any particular asset allocation in respect of geography, industry or sector. The collective investment schemes in which the Fund invests may include other schemes promoted by Columbia Threadneedle Investments. Typically, the Fund will maintain, in normal market conditions, an exposure to equities of between 30% - 70% of the value of the portfolio, which in the investment manager’s view, is consistent with the Fund’s aim to maintain a balanced volatility level. The investment manager will aim to manage the Fund within a long term (at least 5 Years) volatility range. As the Fund is actively managed, the investment manager will determine the asset allocation exposures and ranges which are consistent with the target volatility range. At the investment manager's discretion, particularly in times of market stress, the Fund may not remain within the target volatility range over shorter time periods. There is no minimum holding period for this Fund. However, it may not be appropriate for investors who plan to withdraw their money in under 5 years.