Aberdeen Investment Funds ICVC - Aberdeen Asset Management

Shares in the Company
Each Fund may issue one or more different classes of shares. Funds may have up to three share classes, characterised by their
criteria for subscription and charging structures. Charging structures are specified on pages 4 – 51. Appendix III provides details of
the Share Classes in issue and available as at the date of this prospectus. For up to date details of the Share Classes available for
each Fund, please refer to www.aberdeen-asset.co.uk. The minimum subscription limits, and the minimum holdings, for each class
are set out below.
Class A shares have a minimum initial investment of £500 for lump sum investment with a minimum subsequent investment
of £100. Regular savers will have minimum permitted investments of £50 per month with an obligation to make a minimum
investment of £500. Other than in respect of regular savers the minimum holding of Class A shares shall be £500 although this may
be waived or varied by the ACD at its sole discretion.
Class I shares have a minimum initial investment of £1,000,000. All I shares have a minimum subsequent investment of £10,000.
Class I shares are available to pension funds, charities, other tax exempt investors and investors with a formal written agreement
with a company within the same group of companies as the ACD. The minimum holding of Class I shares shall be £1,000,000. These
minima and the requirement to enter into a formal written agreement may be waived or varied by the ACD at its sole discretion.
Class Z shares have a minimum initial investment of £1,000,000 for lump sum investment with a minimum subsequent
investment of £10,000. Class Z shares are available to investors with a formal written agreement with a company within the same
group of companies as the ACD. The minimum holding of Class Z shares shall be £1,000,000. These minima and the requirement to
enter into a formal written agreement may be waived or varied by the ACD at its sole discretion.
Class Z Gross shares have a minimum initial investment of £1,000,000 for lump sum investment with a minimum subsequent
investment of £10,000. Class Z Gross shares are available to investors with a suitable written agreement with a company within the
same group of companies as the ACD and who have completed the necessary tax eligibility declarations.
In addition, each class of shares may be further differentiated into net income shares and net accumulation shares.
Where a Fund has more than one class of shares and different charging structures for each class, monies may be deducted from
classes in unequal proportions. In these circumstances, the proportionate interests of the classes within a Fund will be adjusted
accordingly. Holders of net income shares will receive distributions of income. Holders of net accumulation shares do not receive
payment of income. Any income arising in respect of an accumulation share is automatically accumulated and added to the assets
of the Fund and is reflected in the price of each accumulation share. No initial charge is levied on this accumulation. Where both
income and accumulation shares are in existence in relation to a Fund, the income of the Fund is allocated in accordance with the
proportionate interest in the Fund attributable to each income and accumulation share. Holders of net income or accumulation
shares will be entitled to UK tax credits in respect of income distributions. The tax credit will satisfy the lower rate liability to
tax on the distribution for UK taxpayers. Tax vouchers for both income and accumulation shares will be issued in respect of
distributions made.
6 Aberdeen Investment Funds ICVC Prospectus November 2011