December 15, 2015
EX-99.h.1.a
December 15, 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 of the creation of Aberdeen U.S. Mid Cap Equity Fund, a new Fund of Aberdeen Funds. We request that you act as Administrator with respect to the Aberdeen U.S. Mid Cap Equity Fund.
In addition, this letter is to provide notice that Board of Trustees of Aberdeen Funds took the following additional actions:
· approved changing the name of the Aberdeen Small Cap Fund to “Aberdeen U.S. Small Cap Equity Fund”, to be effective on or about February 29, 2016; and
· approved changing the name of the Aberdeen Global Small Cap Fund to “Aberdeen International Small Cap Fund”, to be effective on or about February 29, 2016.
Additionally, a correction has been made to the former Aberdeen U.S. Equity Fund to correctly reflect that the new name of the Fund is Aberdeen U.S. Multi-Cap Equity Fund. The foregoing are reflected in the attached amended and restated Exhibit B to the Agreement.
Please indicate your acceptance of the foregoing by executing two copies of this letter and the attached Exhibit B, returning one to Aberdeen Asset Management Inc. and retaining one for your records.
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Sincerely, | |
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By: |
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Name: |
Xxxxx Xxxxx |
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Title: |
Vice President |
Acknowledged by:
ABERDEEN ASSET MANAGEMENT INC. |
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By: |
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Name: |
Xxxx Xxxxxxx |
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Title: |
Vice President |
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EXHIBIT B
Fund Administration Agreement
Fee Schedule
Effective June 1, 2010
As amended December 15, 2015*
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
Aberdeen China Opportunities Fund
Aberdeen Emerging Markets Fund
Aberdeen International Equity Fund
Aberdeen Equity Long-Short Fund
Aberdeen Global Natural Resources Fund
Aberdeen Dynamic Allocation Fund
Aberdeen Diversified Income Fund
Aberdeen Diversified Alternatives Fund
Aberdeen U.S. Small Cap Equity Fund
(formerly, Aberdeen Small Cap Fund)
Aberdeen International Small Cap Fund
(formerly, Aberdeen Global Small Cap Fund)
Aberdeen Asia Pacific (ex-Japan) Equity Fund
Aberdeen Global Fixed Income Fund
Aberdeen Asia Bond Fund
Aberdeen Tax-Free Income Fund
Aberdeen Emerging Markets Debt Local Currency Fund
Aberdeen Ultra-Short Duration Bond Fund
Aberdeen Asia-Pacific Smaller Companies Fund
Aberdeen U.S. Multi-Cap Equity Fund
(formerly, Aberdeen U.S. Equity Fund Fund)
Aberdeen Emerging Markets Debt Fund
Aberdeen European Equity Fund
Aberdeen Latin American Equity Fund
Aberdeen Japanese Equities Fund
Aberdeen U.S. Mid Cap Equity Fund*
* Effective upon the effectiveness of the fund’s registration statement.
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By: |
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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: |
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Name: |
Xxxx Xxxxxxx |
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Title: |
Vice President |