OPEN ENDED FUND – May 2017
Aberdeen Global II - Australian Dollar
Bond Fund
Class A - 2 Acc
Performance Data and Analytics to 30 April 2017
Annualised tracking error
Summary investment objective
To achieve a combination of income and growth by investing mainly in bonds (which are like loans that pay a fixed or
variable rate of interest) issued by governments or other bodies in Australia. Most of the bonds will have higher ratings,
as defined by international agencies that provide such ratings. They will be mainly priced in Australian Dollars; the
value of your investment will therefore be affected by the movements, up or down, of that currency.
For full investment objective and policy details refer to the Prospectus.
Annualised
1 month
3 months
6 months
1 year
3 years
5 years
Launch
0.76
0.89
-0.13
0.40
18/167
1
1.38
1.55
-0.17
0.96
44/166
2
-0.81
-0.05
-0.76
0.26
156/166
4
1.10
2.20
-1.11
1.59
112/163
3
4.07
5.31
-1.24
3.08
61/147
2
3.31
4.43
-1.11
3.02
96/117
4
6.15
–
–
4.93
2/4
–
Discrete annual returns (%) - year ended 30/04
Fund
0.27
Please note the risk analytics figures are calculated on gross returns whereas the
performance figures are based on net asset value (NAV) returns. In addition, the risk
analytics figures lag the performance figures by one month.
%
Australian (Commonwealth of) 2.75% 21/11/27
Australian (Commonwealth of) 5.5% 21/04/23
Australian (Commonwealth of) 1.75% 21/11/20
Australian (Commonwealth of) 3.75% 21/04/37
Australian (Commonwealth of) 5.5% 21/01/18
Australian (Commonwealth of) 2.75% 21/04/24
Australian (Commonwealth of) 2% 21/12/21
Landwirtsch Rentenbank 5.5% 09/03/20
Kommunalbanken 6.5% 12/04/21
Australian (Commonwealth of) 3% 21/03/47
14.6
14.4
11.4
8.8
8.6
8.4
5.3
4.9
4.8
3.5
Total
84.7
Total number of holdings
2017
2016
2015
2014
2013
1.10
2.54
8.74
-0.10
4.52
Calendar year performance (%)
Fund
Benchmark
Difference
Sector average
Sector ranking
Quartile
0.32
Source: Aberdeen Asset Management, BNP Paribas, Mellon, Lipper, total return,
gross of fees, AUD.
Top ten holdings
Performance (%)
Fund
Benchmark
Difference
Sector average
Sector ranking
Quartile
3 years 5 years
Annualised tracking error
Year to date
2016
2015
2014
2013
1.94
2.17
-0.22
1.47
55/166
2
1.61
2.60
-0.99
1.66
106/173
3
1.38
2.46
-1.08
2.71
138/190
3
9.49
11.26
-1.77
5.30
31/182
1
-0.55
0.01
-0.57
1.07
160/171
4
Performance Data: Share Class A2 Acc
Source: Lipper, Basis: Total Return, NAV to NAV, net of annual charges, gross income reinvested, AUD.
Benchmark is for comparison purpose only. This fund is not managed against a specific benchmark.
A
Aberdeen Global II – Australian Dollar Bond Fund was launched on 27 September 2010 to facilitate a transfer of unitholders of Credit Suisse Bond
Fund (Lux) Australian $ Fund to the Aberdeen Global II SICAV. Prior to that date, the Fund’s historic track record is that of Credit Suisse Bond Fund
(Lux) Australian $ Fund (launched 11 February 1992). Aberdeen’s Fixed Income team has managed the new fund since launch.
Past performance is not a guide to future results.
16
Sector breakdown (%)
Fund Benchmark Difference
Domestic
Government
Government Related
Asset Backed
Cash
Total
79.7
13.3
3.1
4.0
100.0
–
–
–
100.0
100.0
-20.3
13.3
3.1
4.0
Credit Rating of holdings (%)
Fund Benchmark Difference
AAA
AA
Cash
Total
Average long term
rating
92.4
3.6
4.0
100.0
–
–
100.0
100.0
AAA
AAA
Cash includes cash at bank, outstanding settlements, call account cash, fixed
deposits, cash used as margin and profit/losses on both derivative positions and
forward currency contracts. Where bonds are split rated between two or more
of S&P, Moody's and Fitch, the data shown takes a more conservative approach,
splitting lower. This may not be consistent with the arrangement agreed in the
prospectus, which may detail taking a higher rating where there is a split. In the
absence of any agency ratings an internal Fund Manager rating may be applied. The
benchmark shown reflects ratings from S&P, Moody’s and Fitch only. This may differ
from the ratings used by the benchmark provider.
Figures may not always sum to 100 due to rounding.
Key information
Benchmark
JPM GBI AUD
Sector
Lipper Global Bond AUD
Fund size
A$ 96.4 m
11 February 1992A
Share Class
Performance Launch
Date
Investment team
Australian Fixed Income Team
The risk outlined overleaf relating to asset backed securities including , mortgage backed securities and exchange
rate movements are particularly relevant to this Fund, but should be read together with all the warnings given and
comments made in the Prospectus for the Fund.
www.aberdeen-asset.com
IMPORTANT INFORMATION OVERLEAF
-7.6
3.6
4.0
OPEN ENDED FUND – May 2017
Aberdeen Global II - Australian Dollar Bond Fund
Interest rate exposure (IRE) (years)
Australia
Modified Duration
Fund
6.21
6.21
Benchmark
6.36
6.36
Difference
-0.16
-0.16
Fund
0.06
0.13
2.33
1.47
0.16
1.40
0.65
6.21
Benchmark
–
0.46
1.52
2.11
1.49
0.47
0.31
6.36
Difference
0.06
-0.33
0.81
-0.65
-1.33
0.93
0.35
-0.16
Interest rate exposure is calculated by multiplying weight by duration.
Maturity profile IRE (years)
<1
1-3
3-7
7-11
11-19
19-25
>25
Total
Currency Exposure (%)
Australian Dollar
Total
Fund
100.0
100.0
Benchmark
100.0
100.0
Difference
–
Figures may not always sum to 100 due to rounding.
Market Exposure (%)
Australia
Germany
Norway
Other
Total
Fund
86.4
4.9
4.8
3.9
100.0
Benchmark
100.0
–
–
–
100.0
Difference
-13.6
4.9
4.8
3.9
Fund Statistics
Weighted average life vs benchmark
7.7 vs 7.7
YieldsB
1.45% underlying
1.45% distribution
Codes (Class A - 2 Acc)
SEDOL
B5N3KC2
ISIN
LU0513454529
BLOOMBERG
AGDBA2A LX
REUTERS
LP68059327
VALOREN
11455738
WKN
A1C1CA
Additional information
Fund type
SICAV UCITS
Domicile
Luxembourg
Currency
AUD
Registered for sale
Please refer to
www.aberdeen-asset.com
Minimum investment
USD 5,000 or currency
equivalent
Charges
Current initial Avg: 4.25% to
5.00%; Max: 6.38%
Ongoing Charges Figure
(OCF)C
1.17%
Price as at 30/04/17
A$4,510.26
Deal closing time
13:00:00 CET
Daily valuation point
13:00:00 CET
Source: Ex-post Ongoing charges Aberdeen Asset Managers Limited
as at 30 June 2016.
_____________________________________________________________________________________________________________________________________________
Important information
Risk factors you should consider before investing
l
The value of investments and the income from them can go down as well as up and you may get back less than the amount
invested.
l
Investing globally can bring additional returns and diversify risk. However, currency exchange rate fluctuations may have a
positive or negative impact on the value of your investment, particularly given the exposure to one currency in this Fund.
l
Bonds are affected by changes in interest rates, inflation and any decline in creditworthiness of the bond issuer. Bonds that
produce a higher level of income usually also carry greater risk as such bond issuers may not be able to pay the bond income
as promised or could fail to repay the capital amount used to purchase the bond. Where a bond market has a low number
of buyers and/or a high number of sellers, it may be harder to sell particular bonds at an anticipated price and/or in a timely
manner.
l
This Fund can use derivatives in order to meet its investment objectives. This may result in gains or losses that are greater
than the original amount invested.
l
Contingent convertible bonds can automatically convert into shares or be written down if the financial strength of the issuer
falls in a certain way. This may result in substantial or total losses of the bond value.
l
The Fund has a significant exposure to one currency, increasing its potential price volatility.
Other important information:
B
The Distribution Yield reflects the amounts that may be expected
to be distributed over the next twelve months as a percentage of
the mid-market share price of the fund as at the date shown. The
Underlying Yield reflects the annualised income net of expenses
of the fund (calculated in accordance with relevant accounting
standards) as a percentage of the mid-market share price of the fund
as at the date shown. Both yields are based on a snapshot of the
portfolio on the month-end date and are not guaranteed.They do
not include any initial charges and Investors may be subject to tax
on distributions.
C
The Ongoing Charge Figure (OCF), is the overall cost shown as a
percentage of the value of the assets of the Funds. It is made up of
the Annual Management Charge (AMC) of 0.90% and other charges.
It does not include any initial charges or the cost of buying and
selling stocks for the Funds. The Ongoing Charges figure can help you
compare the annual operating expenses of different Funds.
Analytics provided by The Yield Book® Software
This document has been prepared by Aberdeen Asset Managers Limited as a marketing document to inform Institutional and Professional qualified
Investors and Eligible Counterparties about the Fund. It has been prepared solely for information purposes. Therefore, no information, opinions
or data in this document constitute investment, legal, tax or other advice and are not to be relied upon in making an investment or any other
decision. The financial intermediary or distributor is liable for any use of this document towards its clients and should restrict to clients for whom the
information in this document and an investment in Shares of the Fund has been considered to be suitable by that financial intermediary in light of that
client’s situation and purpose, always subject to the applicable regulatory standard.
Shares of the fund may not have been registered or will not be registered for public distribution in a number of jurisdictions. Therefore, shares of
the fund must not be marketed or offered in or to residents of any such jurisdictions unless such marketing or offering is made in compliance with
applicable exemptions for the private placement of collective investment schemes and other applicable jurisdictional rules and regulations and it is
the responsibility of every recipient to satisfy himself as to the full observance of the laws and regulation of the relevant jurisdiction. The Fund is not
registered under the United States Securities Act of 1933, nor the United States Investment Company Act of 1940 and therefore may not directly or
indirectly be offered or sold in the United States of America or any of its states, territories, possessions or other areas subject to its jurisdiction or to or
for the benefit of a United States Person.
Aberdeen Global II is a Luxembourg-domiciled UCITS fund, incorporated as a Société Anonyme and organized as a Société d’investissement à Capital
Variable (a “SICAV ”).
Subscriptions for shares in the Fund may only be made on the basis of the latest prospectus and relevant Key Investor Information Document (KIID),
together with the latest annual report, semi-annual report can be obtained free of charge from Aberdeen Asset Managers Limited, 10 Queens Terrace,
Aberdeen, AB10 1YG, Scotland and are also available on www.aberdeen-asset.com. In Austria: Raiffeisen Zentralbank Österreich Aktiengesellschaft,
Am Stadtpark 9, A-1030 Wien., In France: BNP Paribas Securities Services, 3, rue d’Antin, 75002 Paris Cedex 08. In Germany: Aberdeen Asset Managers
Limited - Niederlassung Frankfurt, Bettinastraße 53 - 55, 60325 Frankfurt am Main; Marcard, Stein & Co. AG, Ballindamm 36, 20095 Hamburg,
Switzerland; In Italy: Aberdeen Asset Managers Limited – Filiale italiana, Via Dante 16, IT 20121 Milano (“AAML”) and the Local Paying Agent; In
Liechtenstein: LGT Bank in Liechtenstein AG, Herrengasse 12, FL-9490 Vaduz. In Luxembourg: Aberdeen Global Services S.A, 35a, avenue John F.
Kennedy, L-1855 Luxembourg; In Spain: Allfunds Bank S.A. c/ Estafeta nº6 (La Moraleja) Complejo Plaza de la Fuente -Edificio 3-28109, Alcobendas
-Madrid- España; Aberdeen Global is registered with the number 107 with the National Commission of the Securities market in Spain ("CNMV") and
the fund obtained authorisation for some share classes with the CNMV; In Switzerland: from the Fund’s Representative and Paying Agent, BNP Paribas
Securities, Zurich Branch, Selnaustrasse 16, CH8002 Zurich.
Investor Services +352 4640 1 0820
All sources (unless indicated): Aberdeen Asset Management
30 April 2017.
Tax treatment depends on the individual circumstances of each investor and may be subject to change in the future. You should obtain specific
professional advice before making any investment decision.
The value of investments, and the income from them, can go down as well as up and you may get back less than the amount invested.
Issued in the EU by Aberdeen Asset Managers Limited. Registered in Scotland No.108419. Registered Office:10 Queen’s Terrace, Aberdeen, AB10 1YG.
Authorised and regulated by the Financial Conduct Authority in the United Kingdom. Aberdeen Asset Managers Limited reserves the right to make
changes and corrections to any information in this document at any time, without notice.formation in this document at any time, without notice.
www.aberdeen-asset.com