January 27, 2015
Exhibit 99.(h)(1)(a)
January 27, 2015
Xxxx Xxxxxxx
Aberdeen Asset Management Inc.
0000 Xxxxxx Xx.
32nd Floor
Philadelphia PA, 19103
VIA HAND DELIVERY
Dear Xx. Xxxxxxx,
Reference is made to the Administration Agreement made between Aberdeen Funds and Aberdeen Asset Management Inc. (the “Administrator”) dated as of February 7, 2008, as amended and supplemented (the “Agreement”). Pursuant to the Agreement, this letter is to provide notice that the Board of Trustees of Aberdeen Funds approved the liquidation of the Aberdeen Core Fixed Income Fund (the “Fund”). Such liquidation is expected to take place on or about February 12, 2015.
The Fund will require the services of the Administrator in winding up the affairs of the Fund, including completing final reporting and filing requirements for the Fund and any year-end tax related matters. In order to ensure that appropriate amounts are retained by the Fund to pay amounts due to you as a Fund service provider, please provide a good faith estimate of your fees through the complete winding up of the Fund’s affairs.
Please indicate your acceptance of the foregoing by executing two copies of this letter, returning one to Aberdeen Asset Management Inc. and retaining one for your records.
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Sincerely, | ||
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By: |
/s/ Xxxxx Xxxxx | |
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Name: |
Xxxxx Xxxxx | |
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Title: |
Vice President | |
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Acknowledged by: |
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ABERDEEN ASSET MANAGEMENT INC. |
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By: |
/s/ Xxxx Xxxxxxx |
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Name: |
Xxxx Xxxxxxx |
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Title: |
Vice President |
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EXHIBIT B
Fee Schedule
Effective June 1, 2010
As amended December 10, 2014*
Fees
The Trust shall pay fees to the Administrator, as set forth in the schedule directly below, for the provision of services covered by this Agreement. Fees will be computed daily and payable monthly at an annual rate based on the aggregate amount of the Trust’s average daily net assets. The Trust will also be responsible for out-of-pocket expenses (including, but not limited to, the cost of the pricing services that the Administrator utilizes and any networking fees paid as out-of-pocket expenses) reasonably incurred by the Administrator and in providing services to the Trust. All fees and expenses shall be paid by the Trust to the Administrator on behalf of the Administrator.
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Aggregate Fee as a |
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Fund Asset Level |
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Percentage of Fund Net Assets |
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All Assets |
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0.08 |
% |
The asset-based fees are subject to an annual minimum fee equal to the number of Funds multiplied by $25,000. If the asset-based fees do not meet the annual minimum, the amount needed to meet the minimum will be paid by the Funds on a pro rata basis, according to each Fund’s average net assets.
Funds of the Trust
Aberdeen Global Equity Fund |
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Aberdeen China Opportunities Fund |
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Aberdeen Emerging Markets Fund |
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(formerly, Aberdeen Emerging Markets Institutional Fund) |
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Aberdeen International Equity Fund |
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Aberdeen Equity Long-Short Fund |
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Aberdeen Global Natural Resources Fund |
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Aberdeen Dynamic Allocation Fund |
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(formerly, Aberdeen Optimal Allocations Fund: Moderate Growth) |
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Aberdeen Diversified Income Fund |
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(formerly, Aberdeen Optimal Allocations Fund: Moderate) |
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Aberdeen Diversified Alternatives Fund |
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(formerly, Aberdeen Optimal Allocations Fund: Specialty) |
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Aberdeen Small Cap Fund |
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Aberdeen Global Small Cap Fund |
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Aberdeen Asia Pacific (ex-Japan) Equity Fund |
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Aberdeen Global Fixed Income Fund |
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Aberdeen Asia Bond Fund |
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Aberdeen Tax-Free Income Fund |
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Aberdeen Core Fixed Income Fund* |
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Aberdeen Emerging Markets Debt Local Currency Fund |
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Aberdeen Ultra-Short Duration Bond Fund |
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Aberdeen Asia-Pacific Smaller Companies Fund |
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Aberdeen U.S. Equity Fund |
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Aberdeen High Yield Fund |
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(formerly, Aberdeen U.S. High Yield Bond Fund) |
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Aberdeen Emerging Markets Debt Fund |
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Aberdeen European Equity Fund |
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Aberdeen Latin American Equity Fund |
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* On December 10, 2014, the Board of Trustees of the Trust approved the liquidation of the Aberdeen Core Fixed Income Fund, which liquidation is expected to take place on or about February 12, 2015. The Core Fixed Income Fund shall be deemed removed from this Exhibit B effective as of the date that the winding-up of the Fund’s affairs is complete and the Administrator is no longer providing services with respect to the Fund.
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By: |
/s/ Xxxxx Xxxxx |
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Name: |
Xxxxx Xxxxx |
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Title: |
Vice President |
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ABERDEEN ASSET MANAGEMENT INC. | |
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By: |
/s/ Xxxx Xxxxxxx |
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Name: |
Xxxx Xxxxxxx |
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Title: |
Vice President |