January 24, 2019 State Street Bank and Trust Company
EX-99.h.3.d
January 24, 2019
State Street Bank and Trust Company
0 Xxxxxx Xxxxx, 0xx Floor
Boston, MA 02116
Attention: Fund Administration Legal Department
Re: Aberdeen Funds (the “Trust”)—Additional Class, Fund Name Changes and Liquidation
Ladies and Gentlemen:
Reference is made to the Sub-Administration Agreement between State Street Bank and Trust Company (the “Sub-Administrator”) and Aberdeen Asset Management Inc. (the “Administrator”) dated as of June 1, 2010, as amended and supplemented (the “Agreement”). Pursuant to the Agreement, this letter is to provide notice of certain changes to the series of the Trust, including the creation of Class A1 shares of the Aberdeen Ultra Short Municipal Income Fund effective as of February 28, 2019. Additionally, the Aberdeen Tax-Free Income Fund and Aberdeen High Yield Managed Duration Municipal Income Fund will undergo name changes effective February 28, 2019. The Board of Trustees of the Trust also approved the liquidation of the Aberdeen Asia Bond Fund, expected to occur on or about February 21, 2019 (the “Liquidation Date”).
In accordance with Section 1 of the Agreement, we request that you act as Sub-Administrator with respect to the new Class A1 shares of the Aberdeen Ultra Short Municipal Income Fund. In connection with such request, the undersigned hereby confirms to you, as of the date hereof, the representations and warranties in Section 4 of the Agreement. The foregoing changes are reflected in the attached updated Schedule A to the Agreement and the attached updated Annex 1 to Schedule B6 of the Agreement.
In relation to the liquidation of the Aberdeen Asia Bond Fund, the Administrator will require the services of the Sub-Administrator in winding up the affairs of the Fund following the Liquidation Date, including completing final reporting and filing requirements for the Fund and any year-end tax related matters. Please provide the Administrator with an estimate of the final fees expected to be incurred with respect to this Fund.
Finally, the Administrator changed its name to Aberdeen Standard Investments Inc. effective January 1, 2019.
Please indicate your acceptance of the foregoing changes by executing two copies of this letter, returning one to Aberdeen Standard Investments Inc. and retaining one for your records.
[signature page follows]
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Sincerely, | |
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ABERDEEN STANDARD INVESTMENTS INC. | |
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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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Accepted: |
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STATE STREET BANK AND TRUST COMPANY |
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By: |
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Name: |
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Title: |
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Effective June 1, 2010
As amended January 24, 2019
SCHEDULE A
Listing of Funds
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Fund Name |
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Classes of Shares |
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Aberdeen Focused U.S. Equity Fund |
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Class A |
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Aberdeen U.S. Small Cap Equity Fund |
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Class A |
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Aberdeen China Opportunities Fund |
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Class A |
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Aberdeen International Equity Fund |
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Class A |
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Aberdeen Global Equity Fund |
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Class A |
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Aberdeen Diversified Alternatives Fund |
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Class A |
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Fund Name |
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Classes of Shares |
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Aberdeen U.S. Multi-Cap Equity Fund |
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Class A |
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Aberdeen Emerging Markets Debt Fund |
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Class A |
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Aberdeen Japanese Equities Fund |
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Class A |
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Aberdeen U.S. Mid Cap Equity Fund |
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Class A |
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Aberdeen Dynamic Dividend Fund |
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Class A |
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Aberdeen Global Infrastructure Fund |
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Class A |
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Aberdeen Income Builder Fund |
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Class A |
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Aberdeen Short Duration High Yield Municipal Fund** |
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Class A |
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Aberdeen Ultra Short Municipal Income Fund |
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Class A |
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Aberdeen International Real Estate Equity Fund |
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Class A |
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Aberdeen Realty Income & Growth Fund |
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Class A |
* The Board of Trustees of the Trust approved the liquidation of the Aberdeen Asia Bond Fund, which liquidation is expected to take place on or about February 21, 2019. The Aberdeen Asia Bond Fund shall be deemed removed from this Schedule A effective as of the date that the winding-up of the Fund’s affairs is complete and the Sub-Administrator is no longer providing services with respect to the Fund.
** Name change to be effective on or about February 28, 2019.
***Class A1 to be offered on or about February 28, 2019.
ANNEX 1
ABERDEEN STANDARD INVESTMENTS INC.
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Liquidity Risk Measurement Services |
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FREQUENCY |
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Aberdeen Asia Bond Fund* Aberdeen Short Duration High Yield Municipal Fund (formerly, Aberdeen High Yield Managed Duration Municipal Fund)** Aberdeen Income Building Fund |
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Daily |
*The Board of Trustees of the Trust approved the liquidation of the Aberdeen Asia Bond Fund, which liquidation is expected to take place on or about February 21, 2019. The Aberdeen Asia Bond Fund shall be deemed removed from this Annex 1 effective as of the date that the winding-up of the Fund’s affairs is complete and the Sub-Administrator is no longer providing services with respect to the Fund.
**Name change effective February 28, 2019.
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Form N-PORT Services |
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Service Type |
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Standard N-PORT Reporting Solution (Data and Filing) and Quarterly Portfolio of Investments Services | |
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Aberdeen Asia Bond Fund* Aberdeen Focused U.S. Equity Fund Aberdeen Global Equity Fund Aberdeen Global Unconstrained Fixed Income Fund Aberdeen Short Duration High Yield Municipal Fund (formerly, Aberdeen High Yield Managed Duration Municipal Fund)** Aberdeen International Small Cap Fund Aberdeen Japanese Equities Fund Aberdeen U.S. Mid Cap Equity Fund Aberdeen U.S. Multi-Cap Equity Fund Aberdeen U.S. Small Cap Equity Fund Aberdeen Ultra Short Municipal Income Fund |
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Standard |
*The Board of Trustees of the Trust approved the liquidation of the Aberdeen Asia Bond Fund, which liquidation is expected to take place on or about February 21, 2019. The Aberdeen Asia Bond Fund shall be deemed removed from this Annex 1 effective as of the date that the winding-up of the Fund’s affairs is complete and the Sub-Administrator is no longer providing services with respect to the Fund.
**Name change effective February 28, 2019.
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Form N-CEN Services |
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