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Product updates and new disclosures

March 2016

Changes to the Aberdeen Income-Focused Bond Fund

Aberdeen is making some changes to the Aberdeen Income-Focused Bond Fund ARSN 092 789 083 (‘the Fund’) on 1 April 2017.

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February 2017

Change in compliance plan auditor

The compliance plan auditor has changed for some Aberdeen funds.

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1 December 2016

Reduced management fee for the Aberdeen Diversified Fixed Income Fund (ARSN 119 678 401)

Aberdeen (‘we’, ‘us’) receives a management fee for managing the assets of the Aberdeen Diversified Fixed Income Fund (‘the Fund’). The management fee is paid from the assets of the Fund and is reflected in the unit price.

We are pleased to advise that we have reduced the management fee for the Fund.

From 1 December 2016 the management fee will be 0.45% pa (down from 0.60% pa).

 
October 2016

Standard Risk Measures 2016/2017

The latest Standard Risk Measure (SRM) for each Aberdeen fund is detailed in the attached article. The SRM for each Aberdeen fund is calculated based on industry guidance to allow investors to compare investment options that are expected to deliver a similar number of negative annual returns over any 20 year period.

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1 August 2016

Changes to the Aberdeen Multi-Asset Income Fund (ARSN 088 906 585)

We would like to advise that we are making some changes to the Aberdeen Multi-Asset Income Fund (‘the Fund’) from 1 August 2016.

The changes will be incorporated in the forthcoming Product Disclosure Statement for the Fund dated 1 August 2016.
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For the year ended 30 June 2016

Indirect Cost Ratios for the Aberdeen Funds

The Indirect Cost Ratios (ICRs) for the Aberdeen Funds for the year ended 30 June 2016 are disclosed in the attached article.

An Indirect Cost Ratio (ICR) is used to calculate the management cost of investing through a managed fund, compared with investing directly in the underlying assets of a Fund.

These ICRs update the ICRs disclosed in the current Product Disclosure Statement for each Aberdeen Fund.

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30 June 2016

Regulatory Guide 240 ‘Hedge funds: Improving disclosure’ – periodic reporting

The Aberdeen Multi-Asset Income Fund (ARSN 088 906 585) and Aberdeen Multi-Asset Real Return Fund (ARSN 088 905 471) (‘the Funds’), are classified as hedge funds in accordance with the Australian Securities and Investments Commission Regulatory Guide 240 ‘Hedge funds: Improving disclosure’ (RG240).

RG240 requires that Aberdeen Asset Management Limited, as Responsible Entity of each Fund, provide unitholders with extra information about each Fund on an annual basis.

Please click through to the fund factsheet to view the extra information for each Fund.

Aberdeen Multi-Asset Income Fund fund factsheet

Aberdeen Multi-Asset Real Return Fund fund factsheet

 
29 September 2014

Benchmark name change for Aberdeen Australian fixed income funds

Bloomberg Indexes, the independent, global index provider, has acquired all UBS Australia bond indexes. The index family is renamed the “Bloomberg AusBond Indexes” and will be independently calculated, maintained and licensed by Bloomberg.

Some Aberdeen fixed income funds benchmark fund performance against UBS Australian bond indexes.

On 29 September 2014 the benchmark names for these funds changed as detailed in the table below.

Aberdeen understands that there will be minimal impact for funds as a result of the change. The main change is that index pricing will move from UBS prices to BVAL (Bloomberg pricing system).

The benchmark names in the Product Disclosure Statements will be updated when they next roll.

Aberdeen fund Current benchmark name Benchmark name from 29 September 2014
Aberdeen Australian Fixed Income Fund UBSA Composite Bond Index Bloomberg AusBond Composite Bond Index
Aberdeen Australian Floating Rate Income Fund UBSA Bank Bill Index Bloomberg AusBond Bank Bill Index
Aberdeen Diversified Fixed Income Fund 50% UBSA Composite Bond Index and 50% Barclays Global Aggregate Bond Index (hedged to the Australian dollar) 50% Bloomberg AusBond Composite Bond Index and 50% Barclays Global Aggregate Bond Index (hedged to the Australian dollar)
Aberdeen Inflation Linked Bond Fund UBS Government Inflation Index (<10 years) Bloomberg AusBond Government Inflation Index 0-10 Yr Index
Aberdeen Income-Focused Bond Fund UBSA Composite Bond Index Bloomberg AusBond Composite Bond Index
28 July 2014

Foreign Account Tax Compliance Act (FATCA)

Foreign Account Tax Compliance Act (FATCA) FATCA is US legislation targeting US tax residents who do not correctly disclose their worldwide income to the US Internal Revenue Service (IRS). To enforce the provision of FATCA, the IRS imposes a 30% withholding tax from 1 July 2014 on any foreign financial institution (FFI), including us, that does not comply with FATCA’s requirements to identify and report on financial accounts held or controlled by certain US persons. The 30% withholding tax will apply to certain US source income and, beginning in 2017, gross proceeds from the sale of property that can produce US-source dividends or interest.
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