The Fund aims to generate high capital growth over the medium to long term by investing primarily in equities and equity related securities of companies around the world (excluding Australia).

To provide investors with high capital growth over the medium to long term by seeking exposure to companies listed on securities exchanges around the world, adjusted to take into account certain ESG (Environmental, Social and Governance) considerations.

Benefits of investing in the abrdn Actively Hedged International Equities Fund

Investing in the Fund offers a number of benefits, including:

• Access to investment opportunities and diversification that individual investors usually cannot achieve on their own.

• A disciplined risk management process that manages different levels of investment risk relative to anticipated investment returns.

• Investment professionals who are part of a globally integrated network with global research capabilities delivering their best investment ideas and capabilities to clients around the world.

• Participation in any income distributions from the Fund.

Mainly direct and indirect investors seeking long term capital growth with some income through investment in international equity securities, while reducing exposure to the long term risks associated with ESG factors andcompanies which fail to meet recognised sustainability standards while seeking improvement in business practices / approach through targeted engagement. The Fund is also intended to be suitable for indirect investors who invest in the Fund through an IDPS Provider. You should consult a licensed financial adviser to obtain financial advice that is tailored to suit your personal circumstances.

The abrdn Sustainable International Equities Fund is a high conviction actively managed international equity portfolio managed using a bottom-up approach with little reference to a benchmark.

Utilising abrdn's proven equity investment philosophy and approach, that is replicated and consistent across all equity investment desks, we seek to identify quality companies trading at reasonable valuations through our own first hand research.

Investment strategy

Our global equities team, located in Edinburgh, Scotland, draws on the research capabilities of our regional investment teams located worldwide. Through their own proprietary research each regional team creates a concentrated regional model portfolio of best ideas.

Fund strategy

Our global equities team, located in Edinburgh, Scotland, draws on the research capabilities of our regional investment teams located worldwide.

Through their own proprietary research each regional team creates a concentrated regional model portfolio of best ideas. This is based on a rigorous appraisal of each company's fundamentals and relative valuation. The aggregate of the regional models forms the global buy list.

The global buy list is then used by the global equity team to undertake further comparative analysis and construct a final concentrated portfolio of truly diversified businesses.

We see risk in terms of investing in a poor quality company, or overpaying for a good one, and do not view risk in benchmark relative terms. We therefore downplay benchmarks in portfolio construction since these provide little indication of future performance. We never invest in a company without first meeting the management.

The normal characteristics of the Fund include:

• Low turnover due to our buy and hold' approach - average holding period of around five years.
• Significant divergence from the benchmark.
• Low cash allocation (as the aim is to be fully invested in securities).

Hedging strategy

Currency hedging of the Fund's assets may vary between 0-50% hedged to the Australian dollar. The Fund's benchmark is unhedged.

How we invest your money

Mix of asset classes*

• 90-100% International equity securities

• 0-10% Cash

The Fund is generally fully invested in international equity securities.

*These are indicative asset allocation ranges for the Fund. If market movements, investments into or withdrawals from the Fund, or changes in the nature of an investment, or a change in the fund investment strategy, cause the Fund to move outside these indicative ranges, or a limit set out in this PDS, this will be addressed by us as soon as reasonably practicable.

Derivatives

Derivatives may be used to reduce risk or gain exposure to other types of investments when appropriate. Derivatives are not used to gear a fund. When derivatives are used, the Fund must be in a position to pay all of the associated obligations from the investments of the Fund.