Report to Unitholders for the year ended 30 September 2014 Aberdeen Japan Equity Fund
a) Classification of Investments Please refer to the Statement of Portfolio in the Annual Financial Statements.
b) Credit Rating of Debt Securities n/a
c) Top 10 Holdings Please refer to the Key Information on the underlying scheme.
d) Exposure to derivatives Nil
Investment in other schemes Security Name
Aberdeen Investment Funds ICVC ‑ Aberdeen Japan Equity Fund(*)
Market Value (S$)
% of Fund
(*) The name of the underlying fund was changed from Aberdeen Japan Growth Fund to Aberdeen Japan Equity Fund with effect from 1 January 2014.
Borrowings of total fund size Nil
g) Amount of redemptions and subscriptions (1)
h) Amount of Related‑Party Transactions The Managers’ management fee is currently set at 1.5% p.a. (subject to a maximum of 2.5% p.a.).
k) Turnover ratios Please refer to the Notes to the Financial Statements in the Annual Financial Statements.
The manager of Aberdeen Investment Funds ICVC ‑ Aberdeen Japan Equity Fund (“Underlying Fund”) is Aberdeen Fund Managers Limited and the investment adviser is Aberdeen Asset Management Asia Limited. Please note that there is no double charging of management and advisory fees as the Fund invests into the Z‑class shares of the Underlying Fund, which do not charge management and advisory fees.
(*) Inception Date: 14/08/1998
Please refer to the Notes to the Financial Statements in the Annual Financial Statements.
Performance of the Scheme
Expense ratios Please refer to the Notes to the Financial Statements in the Annual Financial Statements.