abrdn Europe ex UK Ethical Equity Fund Institutional Income

Investment Objective To generate growth over the long term (5 years or more) by investing in European equities (company shares) which adhere to the abrdn Europe ex UK Ethical Equity Investment Approach. Performance Target: To achieve a return in excess of the FTSE World Europe ex UK Index over rolling five year periods (after charges). There is no certainty or promise that the Performance Target will be achieved. Due to the ethical nature of the management process, there are a material number of stocks and sectors in the FTSE World Europe ex UK Index that the fund is unable to invest in, which means the fund's performance profile may deviate significantly from that of the FTSE World Europe ex UK Index. 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. - All investments will adhere to the abrdn Europe ex UK Ethical Equity Investment Approach (the "Investment Approach") as set out in the prospectus. - The fund may also invest in other funds (including those managed by abrdn), cash and assets that can be turned into cash quickly. - The fund applies a set of company exclusions which are related but not limited to fossil fuels, animal testing, weaponry, pornography, gambling, tobacco and alcohol. - In addition, the investment team carries out qualitative and quantitative assessment of companies' ESG characteristics. - The qualitative assessment utilises abrdn's equity investment process, where companies invested in are given an overall quality rating, a component of which is the ESG Quality Rating which enables the management teams to qualitatively identify ESG leaders and avoid ESG laggards. - The quantitative assessment utilises the abrdn ESG House Score to evaluate how companies manage their ESG risks and assigns a score accordingly. The global universe of scored companies is then sorted and split into 7 equal groupings, with at least 70% of the fund invested in companies in the top two groups. Management Process - The management team use their discretion (active management) to maintain a concentrated asset mix at country, sector and company level. - Their primary focus is on stock selection using research techniques to select individual companies where the management team have a different view of a company's prospects to that of the market, and which align with their views regarding future economic and business conditions. - Due to the ethical nature of the management process, there are a material number of companies and sectors in the Index that the fund is unable to invest in, which means 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.