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| Asset Allocation Funds |
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| | 2009 | 2008 | 2007 | 2006 | 2005 |
Life |
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| Aberdeen Optimal Allocations Fund: Defensive7 | GODAX, inception Dec 15, 2006 |
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| at NAV | - | - | 7.60% | -0.29% | - | 6.99% |
| w/ sales charge | - | - | 1.45% | -6.03% | - | 1.07% |
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| Gross Expense Ratio: 2.86 |
| Net Expense Ratio: 1.17 |
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| Aberdeen Optimal Allocations Fund: Growth7 | GVAAX, inception Jun 29, 2004 |
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| at NAV | - | - | 10.75% | 15.52% | 10.22% | 13.68% |
| w/ sales charge | - | - | 4.40% | 8.83% | 3.87% | 11.78% |
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| Gross Expense Ratio: 3.72 |
| Net Expense Ratio: 1.61 |
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| Aberdeen Optimal Allocations Fund: Moderate7 | GMAAX, inception Jun 29, 2004 |
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| at NAV | - | - | 9.46% | 12.40% | 7.69% | 11.25% |
| w/ sales charge | - | - | 3.18% | 5.93% | 1.46% | 9.39% |
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| Gross Expense Ratio: 1.96 |
| Net Expense Ratio: 1.34 |
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|
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| Aberdeen Optimal Allocations Fund: Moderate Growth7 | GMMAX, inception Jun 29, 2004 |
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| at NAV | - | - | 10.92% | 14.19% | 9.62% | 12.87% |
| w/ sales charge | - | - | 4.56% | 7.61% | 3.33% | 10.98% |
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| Gross Expense Ratio: 2.42 |
| Net Expense Ratio: 1.51 |
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|
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| Aberdeen Optimal Allocations Fund: Specialty7 | GASAX, inception Jun 29, 2004 |
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| at NAV | - | - | 10.83% | 18.64% | 10.46% | 15.26% |
| w/ sales charge | - | - | 4.48% | 11.79% | 4.11% | 13.33% |
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| Gross Expense Ratio: 2.60 |
| Net Expense Ratio: 1.69 |
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| Equity Funds |
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| | 2009 | 2008 | 2007 | 2006 | 2005 |
Life |
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| Aberdeen China Opportunities Fund6 | GOPAX, inception Jun 29, 2004 |
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| at NAV | - | - | 74.02% | 67.26% | 3.52% | 45.61% |
| w/ sales charge | - | - | 64.05% | 57.60% | -2.40% | 43.17% |
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| Gross Expense Ratio: 2.85 |
| Net Expense Ratio: 1.90 |
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|
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| Aberdeen Emerging Markets Fund3 | GEGAX, inception Aug 30, 2000 |
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| at NAV | - | - | 45.50% | 35.01% | 31.67% | 18.94% |
| w/ sales charge | - | - | 37.12% | 27.26% | 24.14% | 17.98% |
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| Gross Expense Ratio: 2.40 |
| Net Expense Ratio: 1.71 |
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| Aberdeen Equity Long-Short Fund1 | MLSAX, inception Dec 31, 1997 |
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| at NAV | - | - | 15.24% | 6.36% | 6.42% | 11.87% |
| w/ sales charge | - | - | 8.59% | 0.21% | 0.30% | 11.21% |
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| Gross Expense Ratio: 3.09 |
| Net Expense Ratio: 2.34 |
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|
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| Aberdeen Global Equity Fund3, 4 | GLLAX, inception Aug 30, 2000 |
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| at NAV | - | - | 18.81% | 25.48% | 18.99% | 5.50% |
| w/ sales charge | - | - | 12.00% | 18.31% | 12.12% | 4.65% |
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| Gross Expense Ratio: 2.56 |
| Net Expense Ratio: 1.63 |
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| Aberdeen Global Financial Services Fund2, 3 | GLFAX, inception Dec 18, 2001 |
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| at NAV | - | - | -1.44% | 19.74% | 10.61% | 12.33% |
| w/ sales charge | - | - | -7.12% | 12.83% | 4.26% | 11.23% |
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| Gross Expense Ratio: 2.11 |
| Net Expense Ratio: 1.55 |
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| Aberdeen Global Small Cap Fund
3, 5 | WVCCX, inception Sep 30, 1996 |
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| at NAV | - | - | - | - | - | - |
| w/ sales charge | - | - | - | - | - | - |
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| Gross Expense Ratio: 2.25 |
| Net Expense Ratio: 1.55 |
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|
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| Aberdeen International Equity Fund3 | GIGAX, inception Aug 30, 2000 |
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| at NAV | - | - | 27.64% | 31.94% | 29.09% | 8.84% |
| w/ sales charge | - | - | 20.28% | 24.32% | 21.67% | 7.96% |
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| Gross Expense Ratio: 1.65 |
| Net Expense Ratio: 1.59 |
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| Aberdeen Natural Resources Fund2, 3 | GGNAX, inception Jun 29, 2004 |
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| at NAV | - | - | 36.70% | 20.29% | 65.48% | 40.67% |
| w/ sales charge | - | - | 28.84% | 13.36% | 55.91% | 38.31% |
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| Gross Expense Ratio: 1.75 |
| Net Expense Ratio: 1.53 |
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| Aberdeen Small Cap Fund3, 5 | GSXAX, inception Nov 2, 1998 |
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| at NAV | - | - | -6.04% | 29.16% | 22.51% | 12.67% |
| w/ sales charge | - | - | -11.45% | 21.76% | 15.44% | 11.94% |
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| Gross Expense Ratio: 2.11 |
| Net Expense Ratio: 1.39 |
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| Aberdeen U.S. Equity Fund | GXXAX, inception Jun 30, 2000 |
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| at NAV | - | - | 22.09% | -0.91% | 11.64% | 3.94% |
| w/ sales charge | - | - | 15.08% | -6.64% | 5.18% | 3.12% |
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| Gross Expense Ratio: 2.05 |
| Net Expense Ratio: 1.58 |
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| Fixed Income Funds |
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| | 2009 | 2008 | 2007 | 2006 | 2005 |
Life |
|
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| Aberdeen Core Income Fund8 | PCDFX, inception Oct 14, 1994 |
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| at NAV | - | - | - | - | - | - |
| w/ sales charge | - | - | - | - | - | - |
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| Gross Expense Ratio: 0.86 |
| Net Expense Ratio: 0.75 |
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| Aberdeen Global Fixed Income Fund3, 8 | CUGAX, inception Nov 30, 2001 |
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| at NAV | - | - | - | - | - | - |
| w/ sales charge | - | - | - | - | - | - |
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| Gross Expense Ratio: 1.70 |
| Net Expense Ratio: 1.20 |
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|
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| Aberdeen Tax-Free Income Fund8 | NTFAX, inception May 11, 1998 |
| Subadvised by Credit Suisse Asset Management |
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| at NAV | - | - | 2.29% | 3.41% | 2.76% | 5.52% |
| w/ sales charge | - | - | -2.03% | -1.01% | -2.11% | 5.30% |
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| Gross Expense Ratio: 1.13 |
| Net Expense Ratio: 0.93 |
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Class A Shares have up to a 5.75% front-end sales charge and a 0.25% 12b-1 fee, with the exception of the Aberdeen Tax-Free Income Fund, which has up to a 4.25% front-end sales charge and a 0.25% 12b-1 fee. Total returns assume the reinvestment of all distributions. Total returns may reflect a waiver of part of the Fund’s fees for certain periods since inception, without which returns would have been lower.
Returns incorporate the performance of the fund’s predecessor fund(s) from inception to 6/23/08. The difference between gross and net expense ratios reflects contractual expense waivors in effect through Feb 28,2010.
1 The strategy used by portfolio manager involves securities transactions, such as shortselling, leverage, and investing in derivatives, which may cause the Fund to have greater risk and volatility. A short position will lose value as the securities price increases. Theoretically, the loss on a short sale can be unlimited. Leverage will also increase market exposure and magnify risk.
2 Investing 25% or more of the Fund’s net assets in a specific industry subjects the Fund to greater risk of loss and is considerably more volatile compared to investments that are diversified across a greater number of industries.
3 Foreign securities are more volatile, harder to price and less liquid than U.S. securities. These risks are enhanced in developing market countries.
4 The Fund may hold larger positions in fewer securities (are less diversified) than other similar funds. Less diversified funds have greater risk than more diversified funds.
5 Equity stocks of small-cap companies carry greater risk and more volatility than equity stocks of more established mid or large cap companies.
6 Foreign small and mid cap securities are generally more volatile, harder to price and less liquid than U.S. securities. Equity stocks of small and mid-cap companies carry greater risk, and more volatility than equity stocks of large-cap companies. Concentrating investments in China and Hong Kong subject the fund to more volatility and greater risk of loss than geographically diverse funds.
7 The Fund is subject to different levels and combinations of risk, based on its actual allocation among the various asset classes and underlying funds. The Fund will be affected by stock and bond market risks, among others. It invests a significant proportion of its assets in specialty asset classes, which may involve riskier types of securities or investments than those offered by other asset classes.
8 Fixed income securities are subject to certain risks including, but not limited to interest rate risk, credit risk, prepayment and call risk.
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