Aberdeen UK OEIC Fund Range - Aberdeen Asset Management

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Important - Risk factors GENERAL RISK FACTORS TO CONSIDER WHEN INVESTING IN THESE FUNDS • Any stock market investment involves risk. Some of these risks are general, which means that they apply to all investments. Others are specific, which means that they apply to individual funds. Before you decide to invest, it is important to understand these risks. If you are unsure, please consult your financial adviser. Market risk • The value of shares and the income from them can go down as well as up. Performance risk • Past performance is not a guide to the future. Inflation risk • Inflation will, over time, reduce the spending power of your investments. Derivatives for hedging purposes • The majority of the funds of the Aberdeen OEIC are permitted to use derivates to hedge against various risks as permitted by the regulations. The use of derivatives for hedging in a rising market may restrict potential gains. Tax • The value of tax benefits depends on individual circumstances and the favourable tax treatment for ISAs may not be maintained. If you are a basic rate tax payer and you do not anticipate any liability of Capital Gains Tax, you should consider if the advantages of an ISA investment justify the additional management cost/charges incurred. WHAT ARE THE SPECIFIC RISKS ASSOCIATED WITH THESE FUNDS The Aberdeen OEIC funds have different investment objectives, which define their areas of investment. The fund specific risks highlighted below may also apply to your investment. (A) Exchange Rates Funds investing overseas can be affected by changes in exchange rates which may cause the value of your investment to decrease or increase. In particular, this risk applies to the following funds: Aberdeen American Equity Fund Aberdeen Asia Pacific Fund Aberdeen Asia Pacific & Japan Fund Aberdeen Corporate Bond Fund Aberdeen Emerging Markets Fund Aberdeen Ethical World Fund Aberdeen European Growth Fund Aberdeen European Opportunities Fund Aberdeen European Smaller Companies Fund Aberdeen Japan Growth Fund Aberdeen Managed Distribution Fund Aberdeen Multi-Asset Fund Aberdeen Property Share Fund Aberdeen World Equity Fund (B) Bond and Fixed Interest Funds With funds investing in bonds there is a risk that interest rate fluctuations could affect the capital value of investments. Where long term interest rates rise, the capital value of shares is likely to fall, and vice versa. In addition to the interest rate risk, bond investments are also exposed to credit risk reflecting the ability of the borrower (i.e. bond issuer) to meet its obligations (i.e. pay the interest on a bond and return the capital on the redemption date). The risk of this happening is usually higher with bonds classified as ‘sub-investment grade’. These may produce a higher level of income but at a higher risk than investments in ‘investment grade’ bonds. In turn, this may have an adverse impact on funds that invest in such bonds. In particular, these risks apply to the following funds: Aberdeen Cash Fund Aberdeen Corporate Bond Fund (C) Charges taken from capital Certain funds treat the generation of income as a higher priority than capital growth; such funds may deduct their management charge from your capital. This will increase the amount of income available but at the expense of capital growth. 4 Aberdeen UK OEIC Fund Range Simplified Prospectus, July 2009
In particular, this risk applies to the following funds: Aberdeen Corporate Bond Fund Aberdeen Ethical World Fund Aberdeen Managed Distribution Fund Aberdeen UK Equity Income Fund Aberdeen UK Opportunities Fund (D) Emerging markets Emerging markets tend to be more volatile and illiquid than more mature markets and therefore your investment is at greater risk. Political risks and adverse economic circumstances are more likely to arise, putting the value of your investment at risk. In particular, this risk applies to the following funds: Aberdeen Asia Pacific Fund Aberdeen Asia Pacific & Japan Fund Aberdeen Emerging Markets Fund The following funds may also have some exposure to emerging markets: Aberdeen European Growth Fund Aberdeen European Opportunities Fund Aberdeen European Smaller Companies Fund Aberdeen World Equity Fund (E) Specialist sectors/small markets Funds which invest in small markets or specialist sectors of industry are likely to be more volatile than more diversified funds. In particular, this risk applies to the following fund: (G) Smaller companies If a fund invests in smaller companies, at times the fund may experience difficulties in realising some of the underlying holdings due to the specialist nature of those investments. In particular, this risk applies to the following funds: Aberdeen European Smaller Companies Fund Aberdeen UK Mid-Cap Fund Aberdeen UK Smaller Companies Fund (H) Concentrated portfolios Concentrated portfolios invest in a relatively small number of investments and this can make them more volatile than funds that hold a larger number of investments. In particular, this risk applies to the following fund: Aberdeen Japan Growth Fund (I) Derivatives for investment purposes Some funds are permitted to invest in derivatives for investment purposes, which may, in certain circumstances, increase the volatility of the funds. In particular, this risk applies to the following funds: Aberdeen Corporate Bond Fund Aberdeen Managed Distribution Fund Aberdeen Multi-Asset Fund In addition, the Aberdeen Corporate Bond Fund may also hold derivatives in Over-the-Counter (OTC) markets which can carry additional risks, as detailed in the Prospectus. Full details of all risks can be found in the Prospectus. Aberdeen Property Share Fund (F) Specialist geographical funds If a fund is a specialist country-specific or geographical region fund, the investment carries greater risk than a fund diversified across more countries. In particular, this risk applies to the following funds: Aberdeen American Equity Fund Aberdeen Japan Growth Fund Aberdeen Responsible UK Equity Fund Aberdeen UK Equity Income Fund Aberdeen UK Growth Fund Aberdeen UK Mid-Cap Fund Aberdeen UK Opportunities Fund Aberdeen UK Smaller Companies Fund Aberdeen Asia Pacific Fund Aberdeen Asia Pacific & Japan Fund Aberdeen European Growth Fund Aberdeen European Opportunities Fund Aberdeen European Smaller Companies Fund Aberdeen UK OEIC Fund Range Simplified Prospectus, July 2009 5
Page 1 and 2: EQUITIES | FIXED INCOME | PROPERTY
Page 3 and 4: Contents Introduction 2 What are th
Page 5: What are the aims of the Aberdeen O
Page 9 and 10: Annual anagement Charge % Total Exp
Page 11 and 12: Annual anagement Charge % Total Exp
Page 13 and 14: Charges and Expenses HOW WILL CHARG
Page 15 and 16: EFFECT OF CHARGES AND EXPENSES ON Y
Page 17 and 18: Financial Adviser. The minimum inve
Page 19 and 20: Fund Performance This section provi
Page 21 and 22: ABERDEEN ETHICAL WORLD FUND Total r
Page 23 and 24: ABERDEEN RESPONSIBLE UK EQUITY FUND
Page 25 and 26: Aberdeen Investment Funds ICVC - Te
Page 27 and 28: 11. CANCELLATION RIGHTS i. If you h
Page 29 and 30: 21. TERMINATION This agreement may
Page 31 and 32: Glossary Aberdeen OEIC Account Auth
Page 33 and 34: Aberdeen UK OEIC Fund Range Simplif
Page 35 and 36: Directory AUTHORISED CORPORATE DIRE
Page 37 and 38: This section is for use by Financia
Page 45: Aberdeen UK OEIC & Aberdeen UK OEIC

Aberdeen UK OEIC Fund Range - Aberdeen Asset Management

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