PRODUCT HIGHLIGHTS SHEET

Transcription

1 Prepared n: 03/07/18 This Prduct Highlights Sheet is an imprtant dcument. It highlights the key terms and risks f the Aberdeen Glbal Australian Dllar Incme Bnd Fund (the Fund ) and cmplements the Singapre Prspectus (the Prspectus ) 1. It is imprtant t read the Prspectus befre deciding whether t purchase Shares in the Fund ( Shares ). If yu d nt have a cpy, please cntact the appinted distributrs. Yu shuld nt invest in Shares if yu d nt understand it r are nt cmfrtable with the accmpanying risks. If yu wish t purchase Shares, yu will need t make an applicatin in the manner set ut in the Prspectus. ABERDEEN GLOBAL AUSTRALIAN DOLLAR INCOME BOND FUND a sub-fund f Aberdeen Glbal Prduct Type Manager Singapre Representative Cllective Investment Scheme Management Cmpany: Aberdeen Glbal Services S.A. Aberdeen Asset Management Asia Limited Launch Date 01/06/2017 Depsitary Bank Dealing Frequency Capital Guaranteed N Expense Rati fr the year ended 30 September 2017 Name f Guarantr Nt applicable Base Currency AUD PRODUCT SUITABILITY WHO IS THE PRODUCT SUITABLE FOR? The Fund is nly suitable fr investrs wh: seek incme r capital grwth pprtunities thrugh Debt and Debt Related Securities as part f a diversified prtfli. are willing t accept a mderate level f risk; and have medium-term investment hrizn. KEY PRODUCT FEATURES WHAT ARE YOU INVESTING IN? Yu are investing in a sub-fund f Aberdeen Glbal (the Cmpany ), an penended investment cmpany with the legal status f a SICAV incrprated in Luxemburg and qualifying as a UCITS under the Luxemburg law cncerning undertakings fr cllective investment dated 17 December The Fund seeks incme and capital return. Incme Shares (Class A MInc SGD Shares) and Accelerated Incme Shares (Class A MIncA AUD Shares and Class A MIncA Hedged SGD Shares) will declare and distribute dividends. In respect f Accelerated Incme Shares, such distributins t be made n an accelerated basis at the discretin f Aberdeen Glbal, such that the apprpriate distributins r allcatins will be made in under ne mnth f the relevant declaratin date. Please nte that dividends declared and distributed will reduce the Net Asset Values f the Incme Shares and Accelerated Incme Shares. Accumulatin Shares (Class A Acc AUD Shares, Class A Acc Hedged SGD Shares and A Class A Acc SGD Shares) d nt intend t declare any dividends in respect f these Classes f Shares. Accrdingly, the investment incme BNP Paribas Securities Services, Luxemburg Branch Every Singapre business day which is als a Dealing Day Class A MIncA AUD :1.17% (annualised) Further Infrmatin Refer t paragraph 6 f Investment Objective, Plicy and Strategy f the Prspectus fr further infrmatin n prduct suitability. Refer t paragraph 1 f Aberdeen Glbal and paragraph 2 f The Sub-Funds f the Prspectus fr further infrmatin n features f the prduct. 1 The Prspectus is available at the ffices f the distributrs during nrmal business hurs. 1

2 attributable t these Classes f Shares will be accumulated in their respective Net Asset Values. Hedged Share Classes (which will include Hedged and the relevant currency in their name) seek t mitigate against fluctuatins in the exchange rate f the hedged currency f the Share Class (the currency f the Share Class a Sharehlder invests in) relative t the particular Base Currency f the Fund. Investment Strategy The Fund will achieve incme and capital return by investing at least tw-thirds f the Fund s assets in Debt and Debt-Related Securities issued by crpratins (including gvernment-wned crpratins). Parties Invlved WHO ARE YOU INVESTING WITH? The umbrella fund under which the sub-fund is cnstituted is Aberdeen Glbal i.e. the Cmpany. The Management Cmpany is Aberdeen Glbal Services S.A., the Investment Manager is Aberdeen Asset Management Limited and the Sub-Investment Manager is Aberdeen Asset Management Asia Limited. The Depsitary Bank f the Fund s assets is BNP Paribas Securities Services, Luxemburg Branch. The Singapre Representative is Aberdeen Asset Management Asia Limited. KEY RISKS WHAT ARE THE KEY RISKS OF THIS INVESTMENT? The price f Shares and any incme frm them may fall as well as rise and yu may nt get the full amunt invested. These risk factrs may cause yu t lse sme r all f yur investment. Market and Credit Risks The Fund may be expsed t Interest Rate Risk and Credit Risk The Fund s underlying investments are subject t interest rate risk and credit risk. Interest rate fluctuatins affect the capital value f investments. Where lng-term interest rates rise, the capital value f bnds is likely t fall and vice versa. Credit risk reflects the ability f a bnd issuer t meet its bligatins. Liquidity Risks The Fund is nt listed and yu can redeem nly n a Singapre business day which is als a Dealing Day. The Cmpany may refuse any redemptin requests if all relevant dcumentatin has nt been submitted, if such redemptin wuld result in nn-cmpliance with the Minimum Hlding requirement, r in any ther circumstances agreed with the Fund and ntified t yu. Where a bnd market has a lw number f buyers and/r a high number f sellers, it may be harder t sell particular bnds at an anticipated price and/r in a timely manner. Prduct-Specific Risks The Fund may be expsed t Sub-Investment Grade Bnds Risk The Fund may invest in Sub-Investment Grade securities which ptentially invlve greater price vlatility and risk than Investment Grade securities. The Fund may be expsed t Cntingent Cnvertible Bnds Risk The Fund may be invested in cntingent cnvertible bnds. If the financial strength f a bnd s issuer falls by a predetermined threshld, the bnd may suffer substantial r ttal lsses f capital. Refer t paragraph 6 f Investment Objective, Plicy and Strategy f the Prspectus fr details f the investment strategy f the Fund. Refer t paragraph 1 f Aberdeen Glbal, paragraph 3 f Management and paragraph 4 f Other Parties f the infrmatin n the rles and respnsibilities f these entities. Refer t paragraph 8 f Risk Factrs f the infrmatin n risks f the prduct. 2

3 The Fund may be expsed t Currency Risks The Fund will have significant expsure t ne currency, increasing its ptential vlatility. Where the currency f the Fund varies frm the currency invested, r where the currency f the Fund varies frm the currencies f the markets in which the Fund invests, yu will be expsed t exchange rate risks and there is the prspect f additinal lss (r the prspect f additinal gain) t the investr greater than the usual risks f investment. Singapre investrs shuld nte that the Fund is nt denminated in SGD and the Share Classes may nt be denminated in SGD. Except the hedged Share Classes, the Investment Manager des nt intend t hedge against currency fluctuatins between the SGD and that f the currency f accunt f the Fund and between the SGD and that f the currency denminatin f the Share Classes. Singapre investrs may therefre be expsed t this exchange rate risk. FEES AND CHARGES WHAT ARE THE FEES AND CHARGES OF THIS INVESTMENT? Payable directly by yu Yu will need t pay the fllwing fees and charges as a percentage f yur grss investment sum: Initial Sales Charge * Class A Shares: Prir t 16 July 2018: Up t 6.38% if the Net Asset Value (this equates t up t 6% f the Grss Investment Amunt) Redemptin Charge Switching Fee With effect frm 16 July 2018: Up t 5% f the Grss Investment Amunt Nil Up t 1% f the Net Asset Value f the Shares being switched Payable by the Fund frm invested prceeds The Fund will pay the fllwing fees and charges t the I nvestment Manager and ther parties: Investment Fees Management Operating, Administrative and Servicing Expenses Currently 0.60% fr Class A Shares Maximum: The Investment Manager will receive fees which shall nt exceed 3% f the Net Asset Value f the Fund. The fees are accrued daily and are paid in mnthly arrears t the Investment Manager. Please nte that the fees f the Sub- Investment Manager shall be brne by the Investment Manager. An amunt nt exceeding 0.60% f the Net Asset Value in respect f all Share Classes, except hedged Share Classes, an additinal fee f up t 0.04% may be charged by the Investment Manager fr prviding the currency hedging services. * Additinal fees may be impsed and payable t appinted distributrs that are in additin t the maximum Initial Sales Charge and/r Capacity Management Charge disclsed abve, depending n the specific nature f services prvided by the appinted distributr. Yu are advised t check with the relevant distributr in Singapre regarding whether such additinal fees apply. Refer t paragraph 7 f Fees, Charges and Expenses f the infrmatin n fees and charges. 3

4 The Fund may bear fees and csts incurred by the distributrs/agents f Aberdeen Glbal Services S.A. in centralising rders and supprting best executin (sme f these agents may be affiliates f Aberdeen). Such fees and csts may each amunt t 0.1% p.a. r mre f the Fund s Net Asset Value, depending n the prprtin that each fee r cst bears t the Fund s Net Asset Value. VALUATIONS AND EXITING FROM THIS INVESTMENT HOW OFTEN ARE VALUATIONS AVAILABLE? The indicative prices f the Shares f each class f the Fund ffered t yu in Singapre may be btained frm the Singapre Representative, n the day after each Dealing Day (i.e., each business day n which banks in Luxemburg are pen fr business, ther than days during a perid f suspensin f dealing f shares in the Fund, r days (as determined by Directrs in their discretin) n which any exchange r market n which a substantial prtin f the Fund s prtfli is traded). HOW CAN YOU EXIT FROM THIS INVESTMENT AND WHAT ARE THE RISKS AND COSTS IN DOING SO? There is n cancellatin perid applicable t subscriptins fr Shares. Sharehlders wishing t redeem Shares shuld submit a redemptin frm t the distributrs in Singapre. Redemptin prices are determined as fllws: Redemptin frms received by the Transfer Agent n later than the Cut-Off Time n a Dealing Day will be redeemed at the Share Price fr the Fund calculated n that Dealing Day, subject t any applicable charges. Redemptin frms received after the Cut-Off Time r, n a day which is nt a Dealing Day will be deemed t have been received n the next Dealing Day and will be prcessed and placed n the next Dealing Day. Redemptin prceeds will be paid within 5 Singapre business days f the applicable Dealing Day. An example f hw the redemptin prceeds are calculated is as fllws: Class A Shares* e.g. 1,000 Shares X AUD/SGD 1.50* = AUD/SGD 1,500 Number f Shares t be redeemed Net Asset Value Grss redemptin prceeds * Fr illustrative purpses nly. CONTACT INFORMATION HOW DO YOU CONTACT US? Aberdeen Asset Management Asia Limited, the Singapre Representative, can be cntacted at: 21, Church Street, #01-01, Capital Square Tw, Singapre Telephne number: Refer t paragraph 12 f Obtaining Price Infrmatin and paragraph 10 f Redemptins f the infrmatin n valuatin and exiting frm the prduct. 4

5 APPENDIX: GLOSSARY OF TERMS Business Day means a day n which banks in Luxemburg are pen fr business (24 December is nt a Business Day). Cmpany means Aberdeen Glbal. Cut-Off Time means hurs (Luxemburg time) n a Dealing Day. Dealing Day means any Business Day ther than, days during a perid f suspensin f dealing f Shares in that Fund r, days (as determined by the Bard in its discretin) n which any exchange r market n which a substantial prtin f the Fund s prtfli is traded, is clsed. Grss Investment Amunt means the amunt submitted by r n behalf f an investr fr investment in the Fund and ut f which any initial r ther charges will be paid prir t investment. Net Asset Value means in relatin t any Class f Shares in a Fund, the value f the net assets f that Fund attributable t that Class. Singapre business day means a day which is a Dealing Day and n which banks in Singapre are pen fr business. UCITS means Undertaking fr Cllective Investment in transferable Securities. 5