The Fund’s investment strategy primarily focusses on delivering an income yield to investors, at a rate determined at the start of each financial year.

To invest across a range of asset classes with the aim of delivering an income yield each year that exceeds the RBA Cash Rate as well as capital growth over the medium to long term.

Benefits of investing in the abrdn Multi-Asset Income Fund

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

• An objective-based strategy that aims to deliver an income yield that exceeds the RBA Cash Rate.

• The potential for capital growth over the medium to long term to mitigate the effects of inflation.

• Access to tax effective income via franking credits (when the Fund is invested in Australian equities).

• Liquidity and diversification by investing across a range of asset classes.

• Controlled volatility through the use of active asset allocation and effective diversification of assets.
• Access to a global Multi-Asset team with a robust and consistent long-term performance in multi-asset investing across traditional and alternative asset classes.

Mainly direct and indirect investors seeking a diversified portfolio that focusses on delivering monthly income and capital growth over the medium to long term to mitigate the effects of inflation. You should consult a licensed financial adviser to obtain financial advice that is tailored to suit your personal circumstances.

About the Fund

The abrdn Multi-Asset Income Fund is an actively managed diversified portfolio investing in income generating strategies across a range of asset classes with the aim of delivering monthly income and capital growth over the medium to long term to mitigate the effects of inflation.

The Fund's investment strategy primarily focusses on delivering an income yield to investors, at a rate determined at the start of each financial year.

Investment philosophy

The Multi-Asset team's rigorous process helps it to seek out strong, robust investments. Aberdeen Standard Investments' multi-asset funds are actively managed and invest across equities, bonds, property, cash, commodities and other alternative assets. This ability to switch between a broad range of asset classes provides greater diversification and the potential for a better risk/return profile than a pure equity-based portfolio.

The Multi-Asset team uses in-house and third party managers (where Aberdeen Standard Investments does not offer the required capability) when selecting investments to include in the multi-asset funds.

abrdn has a bottom-up stock selection process and meets with company management before making an investment in shares. This strong bottom-up investment approach complements our Multi-Asset team's asset allocation skills in order to generate attractive risk-adjusted returns.

abrdn's multi-asset investment philosophy is based on the following key beliefs:

• Superior risk-adjusted returns can be achieved from multi-asset investing. Over the longer term, returns for all asset classes are driven by economic fundamentals and by identifying inefficiencies in valuations between markets. Value can be added through dynamic allocations to different assets and markets.

• Focus on absolute return. The Multi-Asset team holds absolute returns to be more important over the longer term than those relative to a benchmark or index. The team's starting point therefore is to use the risk free rate to measure the relative attractiveness of different asset classes. The team is comfortable taking decisive positions away from a benchmark. This process is underpinned by the team's convictions from proprietary analysis and comparative research at a global level.

• Look for appropriate balance between return, income and risk. The Multi-Asset team aims to deliver the appropriate balance between risk and return by diversifying across a wide range of traditional and alternative assets and by actively managing the asset allocation and underlying investments.

How we invest your money

The Fund may invest in income generating strategies across a range of asset classes including Australian equities, international equities, property securities, fixed income, sub investment grade credit, alternatives, cash and short maturity income.

Within the Australian equities and property securities components of the portfolio, the Fund's investment strategy aims to produce tax effective returns through the bias towards companies with high levels of franking credits and tax deferred income.

The Fund may also invest in derivatives for hedging, risk management or for investment purposes. Fund volatility will be controlled through the use of active asset allocation and effective diversification of assets.

Currency hedging of the Fund's non-Australian dollar denominated assets may vary between 0-100%.

Mix of asset classes*

Asset: Allocation ranges

• Australian equities 0-50%*
• International equities 0-50%*
• Fixed income - investment grade 0-75%
• Alternatives 0-35%*
• Cash and short maturity income 0-75% 

*Maximum combined allocation to these asset classes is 75%.
Exposure to these asset classes may be gained directly or indirectly through domestic
and offshore funds, including funds managed by other members of the abrdn group.
For the latest available strategic weights and current asset allocation of the Fund,
please visit the website at www.abrdn.com/au 

Derivatives

The Fund is permitted to use derivatives and will do so in accordance with the Derivative Risk Statement.