The Fund is invested primarily in the Aberdeen Standard Global SICAV Absolute Return Global Bond Strategies Fund.

Benefits of investing in the abrdn Absolute Return Global Bond Strategies Fund

The strategy will produce investment returns through dynamic allocation to a wide range of return seeking investment opportunities in traditional and advanced asset classes, and also separately exploits security selection expertise. The Underlying Fund routinely uses a variety of conventional derivatives for investment, liquidity, efficiency and hedging purposes and may take both long and short positions.

Investor suitability

The Fund is only available to institutional and individual investors who are Wholesale Clients (in Australia) or Wholesale Investors (in New Zealand).

About the Fund

The abrdn Absolute Return Global Bond Strategies Fund is invested primarily in the Aberdeen Standard Global SICAV Absolute Return Global Bond Strategies Fund (the "fund) which aims to provide positive investment returns in the form of income and capital growth in all market conditions over the medium to long term. The fund is actively managed, with a wide investment remit to target a level of return over rolling three-year periods equivalent to cash plus three per-cent a year, gross of fees. It exploits market inefficiencies through active allocation to a diverse range of market positions. The fund uses a combination of traditional assets (such as bonds, cash and money market instruments) and investment strategies based on advanced derivative techniques, resulting in a highly diversified portfolio. The fund can take long and short positions in markets, securities and groups of securities through derivative contracts.

Investment objective

The primary investment objective of the Fund is to deliver a positive absolute return over the medium to long term in all market conditions. The fund is actively managed, with a wide investment remit to target a level of return over rolling 3 year periods equivalent to cash plus 3% per year, gross of fees. We would expect annualised volatility to be between 2% and 4% in ordinary market conditions.

How we invest your money

The Fund will invest in the Underlying Fund and may hold up to 5% in cash.

The objective of the Underlying Fund is to deliver a positive absolute return in the form of both income and capital growth over the medium to longer term in all market conditions.

The Fund is actively managed, with a wide investment remit to target a level of return over rolling 3 year periods equivalent to cash^ plus 3% per year, gross of fees. We would expect it to exhibit annualised volatility* of between 2% and 4% in ordinary market conditions.

The Fund has been established as a feeder fund for the Underlying Fund and invests in:

• unlisted international equities (units in the Underlying Fund) (95-100%); and

• cash equivalent investments (0-5%).

The Underlying Fund may invest in: over the counter ("OTC) Derivatives; fixed interest securities; cash equivalent investments; and other investments (including eligible transferable securities, and undertakings for collective investment).

Other than limits imposed by UCITS Regulations, the Underlying Fund does not have explicit limits on the above investments. In practice, limits on the above investment are determined in consideration of Underlying Fund's liquidity requirements and risk profile.

The Underlying Fund uses exchange traded and OTC Derivatives including short selling to achieve its investment objectives. At present the Fund and Underlying Fund do not intend to borrow except for short-term cash management purposes.