December 14, 2016 Aberdeen Asset Management Inc.
EX.99.h.7
December 14, 2016
Aberdeen Asset Management Inc.
0000 Xxxxxx Xxxxxx, 00xx Xxxxx
Xxxxxxxxxxxx, XX 00000
Re: Aberdeen Equity Long-Short Fund
This letter agreement (“Agreement”) is entered into by and between Aberdeen Funds (the “Trust”), on behalf of the Aberdeen Equity Long-Short Fund (the “Fund”), and Aberdeen Asset Management Inc. (“Aberdeen”), on behalf of itself as the investment adviser of the Fund.
Effective as of February 28, 2017, Aberdeen agrees to reimburse the Fund for short-sale brokerage expenses at an annual rate of up to 0.15% of the Fund’s average daily net assets. Amounts reimbursed by Aberdeen are not subject to recoupment at a later date. This Agreement shall continue in effect through February 28, 2018 unless terminated earlier upon approval by a majority of the Trustees of the Trust who (i) are not “interested persons” of the Trust or any other party to this Agreement, as defined in the Investment Company Act of 1940, as amended, and (ii) have no direct or indirect financial interest in the operation of this Agreement.
|
|
Sincerely, | ||
|
|
| ||
|
|
ABERDEEN ASSET MANAGEMENT INC. | ||
|
|
| ||
|
|
|
| |
|
|
By: |
/s/ Xxxx Xxxxxxx | |
|
|
Name: |
Xxxx Xxxxxxx | |
|
|
Title: |
Vice President | |
|
|
|
| |
|
|
|
| |
|
Agreed and Accepted: |
|
| |
|
|
|
| |
|
ABERDEEN FUNDS, ON BEHALF OF |
|
| |
|
ABERDEEN EQUITY LONG-SHORT FUND |
|
| |
|
|
|
| |
|
|
|
| |
|
By: |
/s/ Xxxxx Xxxxx |
|
|
|
Name: |
Xxxxx Xxxxx |
|
|
|
Title: |
Vice President |
|
|
