Investment Objective The Fund aims to provide long term growth by investing at least two- thirds in companies listed globally of all sizes whose business models are focused on and/or benefit from all forms of innovation. The Fund aims to outperform the MSCI AC World Index (USD) benchmark before charges. Investment Policy Portfolio Securities The Fund will invest at least two-thirds in equities and equity related securities or companies on registered stock exchanges. The Fund may also invest in other funds (including those managed by Aberdeen Standard Investments) and money-market instruments, and cash. Management Process The Fund is actively managed. The Fund looks to invest in the impact of innovation by breaking it into five pillars: How we live, How me make, How we save and spend, How we work and How we play, which are key pillars of human activity. By considering the impact of innovation via the five pillars, the Fund then looks to invest in companies that are using innovation to “improve” their businesses, “disrupt” existing businesses and “enable” innovation to occur. The benchmark is used as a reference point for portfolio construction and as a basis for setting risk constraints. In order to achieve its objective, the Fund will take positions whose weightings diverge from the benchmark or invest in securities which are not included in the benchmark. The investments of the Fund may deviate significantly from the components and their weightings in the benchmark. Due to the active nature of the management process, the Fund's performance profile may deviate significantly from that of the benchmark over the longer term. Derivatives and Techniques Derivatives will only be used for hedging or to provide exposures that could be achieved through investment in the assets in which the Fund is primarily invested. Usage of derivatives is monitored to ensure that the Fund is not exposed to excessive or unintended risks. Investors in the fund may buy and sell shares on any dealing day (as defined in the Prospectus). If you invest in income shares, income from investments in the fund will be paid out to you. If you invest in accumulation shares, income will be added to the value of your shares. Recommendation: the fund may not be appropriate for investors who plan to withdraw their money within five years. Investors should satisfy themselves that their attitude to risk aligns with the risk profile of this fund before investing.