Strategy And Objective

The Aberdeen U.S. Small Cap Equity Fund (the U.S. Small Cap Equity Fund or the Fund) seeks long-term capital appreciation. As a non-fundamental policy, under normal circumstances, the U.S. Small Cap Equity Fund 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. A company is considered to be a U.S. company if Fund management determines that the company meets one or more of the following criteria: the company is organized under the laws of, or has its principal office in the United States; the company has its principal securities trading market in the United States; and/or the company derives the majority of its annual revenue or earnings or assets from goods produced, sales made or services performed in the United States.