abrdn UK Ethical Equity Fund Institutional Accumulation

Investment Objective To generate growth over the long term (5 years or more) by investing in UK equities (company shares) which adhere to the abrdn UK Ethical Equity Investment Approach. Performance Target: Performance Target: To achieve the return of the FTSE All-Share Index, plus 2% per annum over rolling five year periods (before charges). There is no certainty or promise that the Performance Target will be achieved. The FTSE All-Share Index (the "Index") is a representative index of the UK stock market. Investment Policy Portfolio Securities - The fund will invest at least 70% in UK equities that are considered to have preferred Environmental, Social and Governance ("ESG") characteristics in a global context based on analysis of a variety of data inputs. This analysis covers areas such as human rights, labour rights, environmental safeguards and combating bribery and corruption. - The fund will invest in companies that adhere to the assessment criteria as set out in the abrdn UK Ethical Equity Investment Approach (the "Investment Approach") available on www.abrdn.com under "Fund Centre". - The fund may also invest in other funds (including those managed by abrdn), cash and assets that can be turned into cash quickly. - As part of the Investment Approach, the fund applies a set of company exclusions which are related but not limited to animal testing, weaponry, pornography, gambling, tobacco and alcohol. Management Process - The management team use their discretion (active management) to maintain a diverse asset mix at sector and stock level. - Their primary focus is on stock selection using research techniques to select companies where the management team have a different view than that of the market, and which align with their views regarding future economic and business conditions. - Through the application of the Investment Approach the fund is expected to have a lower carbon footprint than the Index. - 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, 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.