Aberdeen UK OEIC Fund Range - Alliance Trust

In particular, this risk applies to the following funds:Aberdeen Corporate Bond FundAberdeen Emerging Markets Bond FundAberdeen High Yield Bond FundAberdeen Managed Distribution FundAberdeen UK Equity Income FundAberdeen World Growth and Income Fund(D) Emerging marketsEmerging markets tend to be more volatile and illiquid thanmore mature markets and therefore your investment is atgreater risk. Political risks and adverse economic circumstancesare more likely to arise, putting the value of your investment atrisk.In particular, this risk applies to the following funds:(G) Smaller companiesIf a fund invests in smaller companies, at times the fund mayexperience difficulties in realising some of the underlyingholdings due to the specialist nature of those investments.In particular, this risk applies to the following funds:Aberdeen European Smaller Companies FundAberdeen UK Smaller Companies Fund(H) Concentrated portfoliosConcentrated portfolios invest in a relatively small number ofinvestments and this can make them more volatile than fundsthat hold a larger number of investments.In particular, this risk applies to the following fund:Aberdeen Japan Growth FundAberdeen Asia Pacific FundAberdeen Asia Pacific & Japan FundAberdeen Emerging Markets FundAberdeen Emerging Markets Bond FundAberdeen Latin American Equity FundThe following funds may also have some exposure to emergingmarkets:Aberdeen European Frontiers FundAberdeen European Smaller Companies Fund(E) Specialist sectors/small marketsFunds which invest in small markets or specialist sectors ofindustry are likely to be more volatile than more diversifiedfunds.In particular, this risk applies to the following funds:Aberdeen Property Share FundAberdeen UK Smaller Companies Fund(I)Derivatives for investment purposesSome funds are permitted to invest in derivatives forinvestment purposes, which may, in certain circumstances,increase the volatility of the funds.In particular, this risk applies to the following fund:Aberdeen Corporate Bond FundAberdeen Emerging Markets Bond FundThese funds do not presently have exposure to derivativeinvestments:Aberdeen Managed Distribution FundAberdeen Multi-Asset FundAberdeen World Growth and Income FundFull details of all risks can be found in the Prospectus.(F) Single Country FundsIf a fund is a specialist country-specific fund, the investmentcarries greater risk than a fund diversified across morecountries.In particular, this risk applies to the following funds:Aberdeen American Equity FundAberdeen Cash FundAberdeen Japan Growth FundAberdeen Property Share FundAberdeen Responsible UK Equity FundAberdeen UK Equity FundAberdeen UK Equity Income FundAberdeen UK Mid-Cap FundAberdeen UK Smaller Companies FundAberdeen UK OEIC Fund Range Simplified Prospectus, August 2011 5