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Aberdeen Emerging Markets Debt Local Currency Fund
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Investment Objective
The Fund seeks long-term total return, including dividends, interest and share price appreciation/depreciation.
Investment Strategy
The Fund seeks to achieve its objective by investing in debt securities that are denominated in the currency or economically linked to an emerging market country.
Holdings
TOP HOLDINGS (all classes) as of 04/30/2013
View detailed list of holdings
| Holding | Percent | |
|---|---|---|
| TURKEY GOVERNMENT BOND | 4.62% | |
| FED REPUBLIC OF BRAZIL | 3.59% | |
| HUNGARY GOVERNMENT BOND | 3.58% | |
| REPUBLIC OF SOUTH AFRICA | 3.55% | |
| BANCO DO BRASIL (CAYMAN) | 3.08% | |
| SOUTH AFRICA (REP OF) | 3.04% | |
| NIGERIA TREASURY BOND | 2.98% | |
| RZD CAPITAL LIMITED (RZD | 2.97% | |
| RUSSIA GOVT BOND - OFZ | 2.85% | |
| MEX BONOS DESARR FIX RT | 2.81% |
Risk Considerations
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in the market value of an investment), credit (changes in the financial condition of the issuer, borrower, counterparty, or underlying collateral), prepayment (debt issuers may repay or refinance their loans or obligations earlier than anticipated), extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase) and call (some bonds allow the issuer to call a bond for redemption before it matures).
The Fund’s investments in high-yield bonds and other lower-rated securities will subject the Fund to substantial risk of loss. Foreign securities are more volatile, harder to price and less liquid than U.S. securities; and are subject to different accounting and regulatory standards, and political and economic risks. These risks are enhanced in emerging markets countries.
The Fund is non-diversified and may hold larger positions in fewer securities than other funds and have greater risk than more diversified funds.
Derivatives are speculative and may hurt the Fund’s performance. They present the risk of disproportionately increased losses and/or reduced gains when the financial asset or measure to which the derivative is linked changes in unexpected ways.
Key Facts
Class A Inception Date
May 02, 2011
Ticker
| Class A | ADLAX |
| Class C | ADLCX |
| Institutional** | AEDSX |
| Inst. Svc.** | AEDIX |
CUSIP
| Class A | 003021649 |
| Class C | 003021631 |
| Institutional** | 003021615 |
| Inst. Svc.** | 003021599 |
Redemption Fee
2.00% applied within 15 Days
Minimum Initial Investment
$1,000 Classes A and C
$1,000 IRA: Classes A and C
$1,000,000 Institutional**
$1,000,000 Inst. Svc.**
Total Net Assets (all classes)
as of April 30, 2013
$46.7 million
** Only certain investors are eligible to purchase shares of these classes.