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Past performance is not indicative of future results.
International investing entails special risk considerations, including currency fluctuations, lower
liquidity, economic and political risks, and differences in accounting methods; these risks are generally
heightened for emerging market investments. There are also risks associated with investing in Israel,
including the risk of investing in a single-country fund. Concentrating investments in the Israel region
subjects the Fund to more volatility and greater risk of loss than geographically diverse funds. Equity
stocks of small and mid-cap companies carry greater risk, and more volatility than equity stocks of
larger, more established companies.
Aberdeen Asset Management Inc. ("Aberdeen") does not warrant the accuracy, adequacy or
completeness of the information and materials contained in this document and expressly disclaims
liability for errors or omissions in such information and materials. Any research or analysis used in the
preparation of this document has been procured by Aberdeen or its affiliates for their own use and may
have been acted on for their own purpose. The results thus obtained are made available only
coincidentally and the information is not guaranteed as to its accuracy. Some of the information in this
document may contain projections or other forward looking statements regarding future events or
future financial performance of countries, markets or companies. These statements are only predictions
and actual events or results may differ materially. The reader must make his/her own assessment of the
relevance, accuracy and adequacy of the information contained in this document and make such
independent investigations, as he/she may consider necessary or appropriate for the purpose of such
Any opinion or estimate contained in this document is made on a general basis and is not to be relied
on by the reader as advice. Neither Aberdeen nor any of its agents have given any consideration to nor
have they made any investigation of the investment objectives, financial situation or particular need of
the reader, any specific person or group of persons. Accordingly, no warranty whatsoever is given and
no liability whatsoever is accepted for any loss arising whether directly or indirectly as a result of the
reader, any person or group of persons acting on any information, opinion or estimate contained in this
document. The information herein including any expressions of opinion or forecast have been obtained
from or is based upon sources believed by Aberdeen to be reliable but is not guaranteed as to accuracy
or completeness. The information is given without obligation and on the understanding that any person
who acts upon it or otherwise changes his position in reliance there on does so entirely at his or her
own risk. Aberdeen reserves the right to make changes and corrections to its opinions expressed in this
document at any time, without notice. Any unauthorized disclosure, use or dissemination, either whole
or partial, of this document is prohibited and this document is not to be reproduced, copied, made
available to others.
Closed-end funds are traded on the secondary market through one of the stock exchanges. The Fund's
investment return and principal value will fluctuate so that an investor's shares may be worth more or
less than the original cost. Shares of closed-end funds may trade above (a premium) or below (a
discount) the net asset value (NAV) of the fund's portfolio. There is no assurance that the Fund will
achieve its investment objective.
1 Population growth rates can be sourced to CIA World Factbook 2013
2 Unemployment rate can be sourced to the International Monetary Fund, 2013
3 Loss in trading volumes due to exclusion of emerging market indexes can be sourced to Bloomberg,
4 Eurozone countries include Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece,
Ireland, Italy, Luxemburg, Malta, the Netherlands, Portugal, Slovakia, Slovenia and Spain
5 EU -- Refers to "European Union"
6 IMF -- Refers to the "International Monetary Fund"
7 Examples of internationally successful Israeli companies can be sourced to The Wall Street Journal,
In the United Sates, AAM the marketing name for the following affiliated, registered investment
advisers: Aberdeen Asset Management Inc., Aberdeen Asset Managers Ltd, Aberdeen Asset
Management Ltd and Aberdeen Asset Management Asia Ltd, each of which is wholly owned by
Aberdeen Asset Management PLC. "Aberdeen" is a U.S. registered service mark of Aberdeen Asset
© 2013, Aberdeen Asset Management Inc.