abrdn Europe ex UK Income Equity Fund Institutional "S" Accumulation

OBJECTIVES AND INVESTMENT POLICY Investment Objective To generate income and some growth over the long term (5 years or more) by investing in European equities (company shares). Performance Target: To deliver a yield greater than that of and achieve a return in excess of the FTSE World Europe ex UK Index over a rolling five year period (before charges). There is no certainty or promise that the Performance Target will be achieved. The FTSE World Europe ex UK Index (the "Index") is a representative index of the European (excluding UK) stock market. Investment Policy Portfolio Securities - The fund will invest at least 70% in European (excluding UK) equities. - The fund may also invest up to 15% in bonds (which are like loans to companies or governments that pay interest). - The fund may also invest in other funds (including those managed by abrdn), cash and assets that can be turned into cash quickly. Management Process - The management team use their discretion (active management) to maintain a diverse asset mix at country, sector and company level. - Their primary focus is on selecting companies using research techniques to select individual holdings. Given the fund's income objective, the management team place particular emphasis on understanding how a company operates, the impact this has on how the company generates cash and how effectively they allocate their cash. - Due to the income nature of the management process, the fund's performance profile may deviate significantly from that of the Index. Derivatives and Techniques - Derivatives are linked to the value of other assets. In other words, they derive their price from one or more underlying asset. - Derivative usage in the fund is expected to be very limited. Where derivatives are used, this would mainly be in response to significant inflows into the fund so that in these instances, cash can be invested while maintaining the fund's existing allocations to equities. Investors in the fund may buy and sell shares on any dealing day (as defined in the Prospectus). If you invest in income shares, income from investments in the fund will be paid out to you. If you invest in accumulation shares, income will be added to the value of your shares. Recommendation: the Fund may not be appropriate for investors who plan to withdraw their money within five years. Investors should satisfy themselves that their attitude to risk aligns with the risk profile of this fund before investing.