Title: Key Information Document: GB00BPJMQ253 URL Source: https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx?type=packet_fund_unit_doc_priip_kid&docid=222cc7c0-c599-4b45-a72b-30f1c12f6263&user=rPFNL/KKXuGFoXylviq6iGA6DpWYSbXTH8hmogyVt0A= Published Time: Tue, 04 Nov 2025 18:07:00 GMT Number of Pages: 3 Markdown Content: Key Information Document ("KID") ## Aberforth Geared Value & Income Trust plc ## Ordinary shares ## Purpose This document provides you with key information about this investment product. It is not marketing material. It helps you understand the nature of this product and enables you to compare it with other products. Other documents are available to help you understand the product such as the Factsheet and Annual Report & Financial Statements. ## Product Product: Manufacturer (AIFM): Product ISIN: Website: Telephone: Regulator: Document valid as at: Aberforth Geared Value & Income Trust plc - Ordinary shares Aberforth Partners LLP (Aberforth) GB00BPJMQ253 www.aberforth.co.uk +44 131 220 0733 Financial Conduct Authority 31/10 /202 5 ## What is this product? Type: Objectives: Intended retail investor: Aberforth Geared Value & Income Trust plc (the Company) is an investment trust whose shares are listed on the London Stock Exchange and an Alternative Investment Fund under the Alternative Investment Fund Managers Directive. The Company’s investment objective is to provide Ordinary Shareholders with high total returns, incorporating an attractive level of income, and to provide Zero Dividend Preference (ZDP) Shareholders with a pre-determined final capital entitlement of 160.58 pence per ZDP Share on the planned winding up date of 30 June 2031. The Company’s shares are bought and sold via markets. Typically, at any given time on any given day, the price you pay for a share will be higher than the price at which you could sell it. The Company was launched on 1 July 2024 and has a planned winding up date of 30 June 2031. The Company’s Ordinary shares are geared by the capital entitlement of the ZDP shares. This will magnify any gains or losses made by the assets attributable to the Ordinary shares. The ZDP shares had a gross redemption yield of 7.0% at launch, based on the issue price of 100p. ZDP shareholders do not receive any dividends. This product is suitable for investors planning to hold an investment for the medium to long-term (until the planned winding up date of 30 June 2031 ) and is designed to be used as one component in an investment portfolio – potential investors in the Company’s Ordinary shares are advised to consult their professional investment advisers in respect of any investment decision in relation to those shares. ## What are the risks and what could I get in return? 1 2 3 4 5 6 7 > Lower risk Higher risk The risk indicator assumes you hold your investment for 5 years. The actual risk can vary significantly if you sell your investment within a shorter timeframe and you may get back less. You may not be able to sell your investment easily, or may have to sell at a price that significantly impacts on how much you get back. Risk indicator The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets. We have classified this product as level 6 out of 7, which is a high risk class. This classifies the potential volatility from future performance at a high level, and poor market conditions are likely to impact the capacity for you to receive a positive return on investment. This classification is based on the volatility of the proxy, described below, over 5 years. Investment Performance Information Factors likely to affect future returns: The factor most likely to determine the outcome of the investment and have an impact on performance is the application of the product’s value investment philosophy, which targets superior long term returns for its clients. This involves the purchase o fshares in companies that are selling below their intrinsic value (“value stocks”). Consistent application of the investment process does not guarantee superior returns in each and every year, but, there is evidence that it can produce results that meet the investment objective over the long term. Investment universe : The Deutsche Numis Smaller Companies Index (excluding Investment Companies) (DNSCI (XIC)) is the Company’s chosen investment universe . It is the reference point for defining the investment objective and evaluating the Company’s performance. What could affect my return positively? Consistent application of a value investment style enhances investment returns: within the DNSCI (XIC), this is supported by historical evidence which indicates that value stocks have out-performed growth stocks since the index’s inception. The value cohort of the index is populated by cyclical companies which may benefit the portfolio valuation in certain economic conditions. The Company’s investment returns will be determined, over a reasonable time frame, by the underlying progress of its diversif ied portfolio of investee companies. As a result of th e Company’s structural gearing (by the capital entitlement of the ZDP shares) the ordinary shareholders performance can be enhanced where the portfolio is increasing in value. What could affect my return negatively? While there is persuasive evidence that a value approach within small UK quoted companies may result in superior returns over the long term, there can be extended periods when the value style is out of favour and could result in periods of under-performance against the investment universe . In view of the cyclicality of the value cohort of the index, it is likely that concerns about a recession would disproportionately affect the valuations of a portfolio, such as the Company, selected under a value investment philosophy. Concern about recession may lead to a negative return from the portfolio and from the DNSCI (XIC). The structural gearing can negatively impact the ordinary shareholders performance amid a weakness or fall in the portfolio of equity investments. Adverse market conditions: The Company was launched on 1 July 2024 and has a planned winding up date of 30 June 2031 . This product does not include any protection from future market performance so you could lose some or all of your investment if sold under adverse market conditions. Investments in shares of smaller companies are generally considered to carry a higher degree of risk. The performance of shares of smaller companies may be more volatile than the shares of larger companies over short time periods. ## What happens if Aberforth Geared Value & Income Trust plc is unable to pay out? As a shareholder of the Company you would not be able to make a claim to the Financial Services Compensation Scheme about the Company in the event that the Company is unable to pay out. ## What are the costs? Further to the passing of the Packaged Retail and Insurance-based Investment Products (Retail Disclosure) (Amendment) Regulations 2024, the PRIIPS regulation does not apply to shares in a closed-ended investment company that is UK-listed. The FCA is consulting (CP24/20) on a new product information framework for Consumer Composite Investments (CCI), likely to be implemented over 2025 and 2026. There are no entry or exit costs charged by the Investment Manager or Company (although you may be required to pay your own broker and/or adviser fees). The annualised ongoing charges fees and charges borne by the Company has been calculated using the assumptions set out in the Company’s Prospectus published on the we bsite. This includes other ongoing costs and the annual management charge paid to Aberforth, but does not include the gearing represented by the Zero Dividend Preference shares. The rate at 30 June 2025 was 1. 40 % (inclusive of management fee) which is incurred by the Company and there is no additional charge to the investor. There is no performance fee paid by the Company. Further information on the Company, including its latest financial reporting , is published on the website. Composition of costs The table below shows the impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period and what the different cost categories mean. These are zero as there are no additional charges to the investor. The costs below are borne by the Company. One -off costs > Entry costs 0.00% The impact of the costs you pay when entering your investment. > Exit costs 0.00% The impact of the costs of exiting your investment. > Ongoing costs > Portfolio transaction costs 0. 00 % > The impact of the costs of Aberforth buying and selling underlying investments > in the product’s portfolio. No portfolio transaction costs, relating to the buying > and selling of underlying investments, are payable by the investor to the > Company. Portfolio t ransaction costs are incurred by the Company, as set out > in the financial report . > Other ongoing costs 0.00 % > Incidental costs > Performance fee 0.00% There is no performance fee. > Carried interests 0.00% There are no carried interests. ## How long should I hold it and can I take my money out early? > Recommended minimum holding period: 5years The Company has a planned winding up date of 30 June 2031 . Any investment in this product should be viewed as a medium to long term investment and therefore you should be prepared to stay invested until the planned winding up date. You may sell your investment before the end of the recommended holding period wit hout penalty/charge. ## How can I complain? As a shareholder of the Company, you do not have a right to complain to the Financial Ombudsman Service (FOS) about the management of the Company. Complaints about the Company, or this KID, should be sent to: Address: 14 Melville Street, Edinburgh, EH3 7NS Website: www.aberforth.co.uk/contact-us E-mail: enquiries@aberforth.co.uk We will then handle your request and provide you with a response as soon as possible. ## Other relevant information The Company launched on 1 July 2024. As a result, the data and calculations relating to the risk indicator for this product are based on a proxy or on estimates (as set out in the Company's Prospectus) , taking into account the gearing represented by the Zero Dividend Preference shares based on actuals incurred in the financial year to 30 June 202 5. A detailed list of the risks associated with investing in this product, together with risks relevant to the market in which this Company invests, is available from the Risk Warnings section of the website. Aberforth does not provide investors with investment advice. This document has been issued for information purposes only. It does not contain any investment recommendations or an invitation to invest in the product. Investors should consider seeking advice from an authorised financial adviser prior to making any investment decisions. Further information on the Company, including its latest financial reporting , is published on the website.