Aberdeen Global V - Aberdeen Asset Management

Investment in a single issuerA Fund may not invest more than 30% of its assets insecurities issued by the same issuer. This restriction does notapply to:- investments in securities issued or guaranteed by anOECD member state or its regional and local authorityor by a European Union, regional or global supranationalinstitutions and bodies;- investment in target UCIs which are subject to riskspreadingrequirements at least comparable to thoseapplicable to a fund subject to the Law. For the purposeof the application of this restriction, every sub-fund ofthe target umbrella UCI is to be considered as a separateissuer provided that the principle of segregation ofliabilities among the various sub-funds vis-à-vis thirdparties is ensured.Where an individual Fund targets notional leverage, thetargeted notional leverage shall be reflected in the nameof the Fund as discussed under “Investment Objective andPolicies” above. For example, a Fixed Rate type Fund with2 times notional leverage shall target a notional value ofinterest rate swap exposure of twice its Net Asset Value, andan Index Linked or Inflation Linked type Fund shall target anotional value of inflation swap exposure of twice its NetAsset Value.The maximum level of targeted notional leverage for anyFund shall be 5 times.Distinct investment objectives and policies have beenestablished for each Fund and are detailed in Appendix D.Notional LeverageWhere the name of an individual Fixed Rate or Zero Nominaltype Fund makes no reference to its notional leverage, thatFund shall aim to limit the notional value of interest rateswap exposure to its Net Asset Value.Where the name of an individual Index Linked or InflationLinked Fund makes no reference to its notional leverage, thatFund will aim to invest in (a) inflation or LPI swaps whosenotional value equates to its Net Asset Value and (b) in anamount of interest rate swaps to produce an exposure tointerest rates which is equivalent to the exposure to breakeveninflation rates under the inflation or LPI swap.Where the name of an individual Zero Inflation or LPI typeFund makes no reference to its notional leverage, that Fundwill aim to invest in (a) zero coupon interest rate swapswhose notional value equates to its Net Asset Value and (b)in an amount of inflation swaps to produce an exposure toinflation which is equivalent to the exposure to interest ratesunder the interest rate swap in (a) above.Aberdeen Global V Prospectus 13