FORM OF
FIFTH AMENDMENT TO
ADMINISTRATIVE SERVICES PLAN
This Amendment to the Administrative Services Plan (the “Plan”) adopted as of December 12, 2007 and in place for the classes of the funds included on the current Exhibit A to the Plan (the “Funds”), each a series of Aberdeen Funds (the “Trust”), is adopted this 20th day of December 2017 upon review and approval by the Board of Trustees of the Trust, and separately by a majority of the Trustees who are not “interested persons” of each Fund (as defined in the Investment Company Act of 1940, as amended) and who have no direct or indirect financial interest in the operation of the Plan or in any agreements related to the Plan (the “Disinterested Trustees”) with effectiveness of March 6, 2018 (the “Effective Date”).
1. Amendment to Plan
(a) Notwithstanding the maximum annual rate that may be charged for services under the Plan as provided in Exhibit A to the Plan, effective as of the Effective Date and through February 28, 2019, each of the following Classes of the Funds shall pay amounts not exceeding on an annual basis a maximum amount of:
Class |
| For Administrative Services Contracts with |
| For Administrative |
A |
| For each Administrative Services Contract, 15 basis points (0.15%) of the average daily net assets of the Class A Shares of the Funds attributable to that Contract |
| $16 per account |
R |
| For each Administrative Services Contract, 15 basis points (0.15%) of the average daily net assets of the Class R Shares of the Funds attributable to that Contract |
| $16 per account |
Institutional Service |
| For each Administrative Services Contract, 15 basis points (0.15%) of the average daily net assets of the Institutional Service Class Shares of the Funds attributable to that Contract |
| $16 per account |
T |
| For each Administrative Services Contract, 15 basis points (0.15%) of the average daily net assets of the Class T Shares of the Funds attributable to that Contract |
| $16 per account |
2. Miscellaneous
(a) Except as expressly amended by this Amendment, all provisions of the Plan shall remain in full force and effect. Capitalized terms used herein without definition shall have the meanings ascribed thereto in the Plan.
(b) Unless sooner terminated by a vote of a majority of the Disinterested Trustees, this Amendment shall continue in effect until February 28, 2019.
ABERDEEN FUNDS
ADMINISTRATIVE SERVICES PLAN
Exhibit A
As most recently amended December 20, 2017
All available series and classes of Aberdeen Funds (collectively, the “Funds”) will be available for investment provided the eligibility requirements for investment are met by the relevant Service Organization and/or its customers.
The Funds shall pay amounts not exceeding on an annual basis a maximum amount of:
(a) 25 basis points (0.25%) of the average daily net assets of the Class A Shares of the Funds;
(b) 25 basis points (0.25%) of the average daily net assets of the Class R Shares of the Funds;
(c) 25 basis points (0.25%) of the average daily net assets of the Institutional Service Class Shares of the Funds; and
(d) 25 basis points (0.25%) of the average daily net assets of the Class T Shares of the Funds.