Equity

Multi-Asset

Bond

Real Estate

Alternatives

Commodity

The investment seeks a high level of current income that is exempt from federal income taxes. The fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in investment grade fixed income securities that qualify as tax-exempt municipal obligations. Tax-exempt municipal obligations include municipal obligations that pay interest that is free from U.S. federal income tax. These obligations are issued by states, U.S. territories and their political subdivisions, such as counties, cities and towns.

ABEIX

The investment seeks long-term capital appreciation. The fund invests primarily in common stocks, but may also invest in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. It invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market companies. The fund may invest in securities denominated in U.S. Dollars and currencies of emerging market countries in which it is permitted to invest. It may invest in securities of any market capitalization, including small and mid-cap securities.

ABEMX

Under normal circumstances, the fund invests at least 80% of its net assets in the equity securities of certain domestic and foreign corporations that pay dividend income that the advisor believes are undervalued relative to the market and to the securities' historic valuations.

ADVDX

Under normal circumstances, the fund invests at least 80% of its net assets in municipal obligations that are exempt from federal income tax (including securities subject to the federal alternative minimum tax ("AMT")). It invests at least 50% of its assets in municipal bonds rated BBB or lower by S&P Global Ratings or Baa or lower by Moody's Investors Service, Inc., at the time of investment, or the equivalent by another independent rating agency or the unrated equivalent as determined by the Adviser.

AHYMX

The investment seeks a high level of current income; capital appreciation is a secondary objective. The fund invests 80% of its net assets (plus the amount of any borrowings for investment purposes) in the securities of issuers which (i) are principally engaged in the real estate industry, (ii) are principally engaged in real estate financing or (iii) control real estate assets with an aggregate estimated value equal to no less than 50% of such issuer's assets. It may invest up to 35% of its net assets in foreign securities. The fund may invest in companies of any market capitalization. It is non-diversified.

AIGYX

The investment seeks high after-tax current income consistent with preservation of capital. The fund invests its assets in a combination of tax-exempt obligations and taxable debt obligations. Under normal circumstances, it invests at least 80% of its net assets in tax-exempt obligations. The fund's average portfolio maturity, at the time of investment, will be two years or less. The obligations in which the fund invests must, at the time of investment, be rated investment grade, as determined by the various rating agencies, or if unrated, of comparable quality as determined by the Adviser.

ATOIX

The fund invests primarily in high income producing instruments, rated at the time of purchase below "BBB-" by Standard & Poor's Rating Service ("S&P"), or below "Baa3" by Moody's Investors Service, Inc. It normally invests in a diversified portfolio of high income producing securities. The fund may invest up to 20% of its net assets in global equity securities.

BJBHX

The fund seeks to achieve its investment objective of seeking long-term growth of capital by investing primarily in equity securities of foreign companies that the Adviser deems to have sound and improving prospects and which demonstrate that they are current or emerging sustainable leaders through their management of environmental, social and governance (“ESG”) risks and opportunities in accordance with the Adviser’s criteria.

BJBIX

The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective of seeking long-term capital appreciation by investing primarily in equity securities of emerging market companies that the Adviser deems to have sound and improving prospects and which demonstrate that they are current or emerging sustainable leaders through their management of environmental, social and governance ("ESG") risks and opportunities in accordance with the Adviser's criteria.

GIGSX

The fund will invest primarily in common stocks, but may also invest in other types of equity securities, including, but not limited to, preferred stock and depositary receipts. As a non-fundamental policy, under normal circumstances, it invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of emerging market (excluding China) companies. The fund may invest in securities of any market capitalization, including small and mid-cap securities.

GLLSX

The fund normally invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of mainland China-based companies that are denominated in Renminbi and listed on the Shenzhen and Shanghai stock exchanges ("China A Shares"). It may invest without limit in the equity securities of companies of any size, including small-cap and mid-cap companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. The fund also may invest in equity-linked notes.

GOPIX

The fund normally invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities issued by U.S. small-cap companies. The advisor considers small-cap companies to be companies that have market capitalizations similar to those of companies included in the Russell 2000 Index at the time of investment. It also may invest in foreign securities and securities of larger companies.

GSXIX

The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective of long-term capital appreciation by investing in equity securities of U.S. companies that the Adviser deems to have sound or improving prospects and which demonstrate that they are current or emerging sustainable leaders through their management of environmental, social and governance ("ESG") risks and opportunities in accordance with the Adviser's criteria.

GXXIX

The investment seeks long-term growth of capital. The fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities issued by companies located throughout the world (including the U.S.). It may invest in securities denominated in U.S. Dollars and currencies of the foreign countries in which it is permitted to invest.

JETIX

The investment seeks long-term capital appreciation. The fund seeks to achieve its investment objective of seeking long-term capital appreciation by investing primarily in equity securities of smaller (small- and mid-capitalization) U.S. companies that the Adviser deems to have sound and improving prospects and which demonstrate that they are current or emerging sustainable leaders through their management of environmental, social and governance ("ESG") risks and opportunities in accordance with the Adviser's criteria.

MLSAX

The fund seeks to achieve its objective by investing primarily in equity securities of small non-U.S. companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. As a non-fundamental policy, under normal market conditions, it will invest at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of non-U.S. small companies.

Symbol	Full name	Category	Inception	Expense Ratio	YTD Ret.	10Y Ann. Ret.	Div. Yield	Max. Drawdown	Sharpe Ratio
ABEIX	abrdn Intermediate Municipal Income Fund	Municipal Bonds	Mar 16, 1986	0.50%	0.4%	1.2%	4.4%	-12.6%	0.0
ABEMX	abrdn Emerging Markets Fund	Emerging Markets Diversified	May 10, 2007	1.10%	3.8%	0.8%	1.8%	-56.8%	-0.0
ADVDX	abrdn Dynamic Dividend Fund	Global Equities	Sep 21, 2003	1.25%	5.6%	7.3%	8.4%	-62.0%	0.2
AHYMX	abrdn Short Duration High Yield Municipal Fund	High Yield Muni	May 30, 2013	0.68%	0.4%	1.9%	3.9%	-10.9%	-0.4
AIGYX	abrdn Realty Income & Growth Fund	REIT	Dec 29, 1998	1.01%	0.5%	5.1%	10.2%	-81.6%	-0.4
ATOIX	abrdn Ultra Short Municipal Income Fund	Municipal Bonds	Dec 4, 2002	0.44%	1.2%	0.8%	2.3%	-1.2%	3.2
BJBHX	abrdn Global High Income Fund	High Yield Bonds	Dec 17, 2002	1.03%	3.0%	1.8%	9.1%	-28.5%	0.0
BJBIX	abrdn International Sustainable Leaders Fund	Foreign Large Cap Equities	Oct 3, 1993	1.18%	9.6%	1.7%	7.2%	-64.2%	0.7
GIGSX	abrdn Emerging Markets Sustainable Leaders Fund	Emerging Markets Diversified	Aug 29, 2000	1.16%	2.3%	0.4%	1.7%	-65.3%	-0.0
GLLSX	abrdn Emerging Markets ex-China Fund	Emerging Markets Diversified	Aug 29, 2000	1.23%	11.0%	6.1%	26.4%	-62.1%	0.4
GOPIX	abrdn China A Share Equity Fund	China Equities	Jun 28, 2004	0.99%	-10.6%	3.6%	0.0%	-78.6%	-0.2
GSXIX	abrdn U.S. Small Cap Equity Fund	Small Cap Growth Equities	Nov 2, 1998	1.11%	3.6%	11.6%	5.2%	-72.9%	0.2
GXXIX	abrdn U.S. Sustainable Leaders Fund	Large Cap Growth Equities	Jun 30, 2000	0.97%	4.3%	10.8%	0.4%	-59.1%	-0.0
JETIX	abrdn Global Equity Impact Fund	Global Equities	May 3, 2005	0.92%	2.7%	4.1%	5.1%	-57.6%	0.4
MLSAX	abrdn U.S. Sustainable Leaders Smaller Companies Fund	Small Cap Growth Equities	Oct 31, 2001	1.22%	-0.8%	7.9%	0.0%	-38.1%	-0.1
WVCCX	abrdn International Small Cap Fund	Foreign Small & Mid Cap Equities	Sep 29, 1996	1.35%	4.2%	4.9%	1.5%	-73.6%	-0.1

Aberdeen Mutual Funds List

Risk vs. Return Scatterplot