abrdn MyFolio Enhanced ESG II Fund Inst B Fixed Acc

Investment Objective To generate growth over the long term (5 years or more) while being managed to a defined level of risk. The fund is part of the abrdn MyFolio Enhanced ESG range, which offers five funds with different expected combinations of investment risk and return that adhere to the abrdn MyFolio Enhanced ESG assessment criteria. The fund is risk level II, which aims to be the second lowest risk fund in this range. Risk Target: The defined level of risk referred to above that the management team is targeting is within the range of 35-55% of world stock markets (represented by the MSCI AC World Index) over 10 years. There is no certainty or promise that this target will be achieved. The Risk Target has been chosen as it represents a risk range which is appropriate for the fund. Investment Policy Portfolio Securities - The fund will invest its assets in actively managed funds (which invest using manager discretion) and passively managed funds (which aim to replicate performance of a market index), including those managed by abrdn, to obtain broad exposure to a range of diversified investments. - Typically, at least 40% of the fund's assets will be those traditionally viewed as lower risk, such as cash, assets that can be turned into cash quickly, government bonds (which are like loans to governments that pay interest) and investment grade corporate bonds (which are like loans to companies that pay interest and are typically regarded as having a low default risk). - The rest of the fund will be invested in a selection of other assets. These will include assets such as equities (company shares), including property shares, high yield corporate bonds (which are like loans to companies that pay a high rate of interest but have a lower credit rating than investment grade bonds) and emerging market bonds (which are like loans to companies or governments that pay a rate of interest, invested in regions including Eastern Europe, Asia, Africa, Latin America and the Middle East). - At least 60% of the fund's portfolio will have sustainability characteristics, which means the fund will invest at least 60% in funds which have explicit sustainability targets, such as improved environmental, social and/or governance (ESG) outcomes or positive sustainability related contributions assessed in accordance with the abrdn MyFolio Enhanced ESG assessment criteria (the "Assessment Criteria") which can be found in the prospectus. - The fund may also invest in funds that apply ESG or sustainability criteria but do not set any specific sustainability related targets, or funds which have no specific ESG or sustainability criteria within their investment objective or process. These investments are used to provide diversification and deliver growth, or for cash management purposes. Management Process - The management team (the "Team") use their discretion (active management) to select funds within each asset class and ensure that the strategic asset allocation (long term proportions in each asset class) meets the fund's objectives and policy. - The Team will review and analyse the underlying funds and their investments to assess alignment with the Assessment Criteria. The Team will also meet with the fund managers to discuss the underlying fund's philosophy. - The Team will only invest in funds that have a firm level active engagement and voting policy. - Additionally, the Team assess all underlying funds against a set of exclusions. For companies, these are related to the UN Global Compact, Controversial Weapons, Tobacco Production and Thermal Coal, whilst for government bonds, these are related to UN sanctions. More details around the screens can be found in the Assessment Criteria in the prospectus. - No more than 1% of the overall fund can be exposed to underlying fund holdings in breach of these exclusions at any one time. - Please note that the number contained in the fund name is not related to the SRRI contained in the Key Investor Information document (NURS-KII). Derivatives and Techniques - The fund will routinely use derivatives to reduce risk, reduce cost and/or generate additional income or growth consistent with the risk profile of the fund. - Derivatives are linked to the value of other assets. In other words, they derive their price from one or more underlying asset. - Derivatives include instruments used to express asset allocations reflecting expected changes in interest rates, companies share prices, inflation, currencies or creditworthiness (debt repayment ability) of corporations or governments. - The fund may also invest in other funds which may use derivatives extensively although these investments shall be in line with fund's overall risk profile. - Derivatives are exempt from the Assessment Criteria. 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. The fund's realized volatility may not always be within the volatility band for the stated risk level and at times observing the asset allocation restrictions may limit capital growth.