Aberdeen Focused U.S. Equity Fund*

Important information

Investment Objective

The Fund seeks long-term capital appreciation.

Holdings

TOP HOLDINGS (all classes) as of 10/31/2018

Name Percent
MICROSOFT CORP USD0.00000625 6.54%
AMAZON.COM USD0.01 6.13%
VISA A SHS USD0.0001 5.94%
VERISK ANALYTICS A USD0.001 4.69%
INTERCONTINENTAL EXCHANGE GRP USD0.01 4.58%
BAXTER INTL COM USD1 4.57%
JOHNSON & JOHNSON USD1 4.47%
ALPHABET A USD0.001 4.43%
COSTCO WHOLESALE CORP USD0.005 4.19%
TJX COS USD1 4.14%

Risk considerations

The investment team may select securities that underperform the stock market or other funds with similar investment objectives and strategies.

Equity securities of small and mid-cap companies generally carry greater risk and more volatility, and may be more illiquid, than equity securities of larger, more established companies.

Because the Fund invests a greater proportion of its assets in the securities of a smaller number of issuers, the Fund will be subject to greater volatility with respect to its investments than a fund that invests in a larger number of securities.

Please read the prospectus for more detailed information regarding these and other risks.

*As of Nov. 15, 2017, The Fund name changed from the Aberdeen Equity Long-Short Fund.