Product Updates and New Disclosures
Latest buy/sell spreads for the Aberdeen Standard Investments funds
Buy/sell spreads are an amount representing the estimated costs arising from applications and withdrawals made by investors moving into and out of a fund. Charging a buy/sell spread ensures that the cost of buying or selling the underlying assets is borne by those making the application or withdrawal, and not the remaining unitholders in a fund. Buy/sell spreads are retained in a fund, not paid to Aberdeen Standard Investments.
The market is experiencing volatility and fluctuations in liquidity due to the impacts of COVID 19, which can result in changes to trading costs in the market. Aberdeen Standard Investments Australia Limited, as the Responsible Entity of the funds listed in the attached document ('the Funds'), will continue to monitor the market conditions and update the buy/sell spreads as appropriate. We may vary or waive the buy/sell spreads for the Funds without notice when it is appropriate to protect the interests of existing investors and if permitted by law.
Please review the latest buy/sell spreads for the Funds before deciding to invest or withdraw from the Funds.
22 July 2020
Important information for unitholders in Aberdeen Standard Investments’ funds
Change of Unit Registry provider
From 10 August 2020 the unit registry provider for the Funds will change from RBC Investor Services Trust Limited (RBC) to Citibank Pty Limited (Citi).
For investors through mFund, please note that the ASX has advised that there will be a blackout period on the portal from 11.15am on 5 August 2020 until 5pm on 7 August 2020. Unitholders will still be able to transact by contacting our Client Service team using the contact details in the attached flyer.
The changes, including new bank account and mailing address details, are summarised in the attached flyer, which we encourage unitholders to review and update their records accordingly.
Read more
16 July 2020
Adjourned Meeting of the Members of Aberdeen Standard Inflation Linked Bond Fund to Approve Amendments to Fund Constitutions
At an adjourned Meeting of Members of the Aberdeen Standard Inflation Linked Bond Fund 088 907 475 (Fund) held on 16 July 2020, a resolution to amend the Constitution of the Fund was approved. For further details of the amendments to the Fund's Constitution, please refer to the document linked to the Fund in the notice of 9 June 2020 below. The Deed amending the Fund's Constitution has been sent to the Australian Securities and Investments Commission, and will take effect when lodged.
Any questions relating to these disclosures should be directed to Aberdeen Standard Investments Australia Limited on 1800-636-888 or if calling outside Australia on +61 2 9950 2853 between 9am – 5pm (Sydney time), Monday to Friday. You can also email us at client.service.aust@aberdeenstandard.com.
3 July 2020
Aberdeen Standard Emerging Opportunities Fund – change to Investment Management Fee calculation
Aberdeen Standard Investments Australia Limited ('ASIAuL') is paid an Investment Management Fee for managing the Aberdeen Standard Emerging Opportunities Fund ('the Fund').
The Product Disclosure Statement for the Fund provides that the Investment Management Fee is 1.50% p.a. of the gross asset value (GAV) of the Fund.
From 3 July 2020, the Investment Management Fee will be 1.50% p.a. of the net asset value (NAV) of the Fund.
This change will generally lead to a reduction in the Investment Management Fee for the Fund.
Read more
2 July 2020
Meeting of the Members of 13 Funds to Approve Amendments to Fund Constitutions
At a Meeting of Members of the funds listed below (Funds) held on 2 July 2020, resolutions to amend the Constitutions of the Funds were approved. For further details of the Meeting and the amendments to each Fund’s Constitution, please refer to the document linked to the relevant Fund in the notice of 9 June 2020 below. The Deeds amending the Constitutions have been sent to the Australian Securities and Investments Commission, and will take effect when lodged.
Aberdeen Standard Actively Hedged International Equities Fund
Aberdeen Standard Asian Opportunities Fund
Aberdeen Standard Australian Equities Fund
Aberdeen Standard Australian Fixed Income Fund
Aberdeen Standard Australian Small Companies Fund
Aberdeen Standard Diversified Fixed Income Fund
Aberdeen Standard Emerging Opportunities Fund
Aberdeen Standard Ex-20 Australian Equities Fund
Aberdeen Standard Fully Hedged International Equities Fund
Aberdeen Standard International Equity Fund
Aberdeen Standard Multi-Asset Income Fund
Aberdeen Standard Multi-Asset Real Return Fund
A Meeting of Members of the Aberdeen Standard Inflation Linked Bond Fund ARSN 088 907 475 (Fund) held on 2 July 2020 to approve a resolution to amend the Constitution of the Fund, as described in the document linked to the Fund in the notice of 9 June 2020 below, has been adjourned to 2pm, 16 July 2020 due to want of a quorum. Proxies submitted for the meeting on 2 July 2020 will remain valid for the reconvened meeting unless we receive notice in writing to the contrary by 2pm on 14 July 2020. The latest time for receipt of a new proxy for the reconvened meeting is 2pm on 14 July 2020. If you wish to attend the reconvened meeting, please email us by no later than 2pm on 14 July 2020. All times are AEST.
Any questions relating to these disclosures should be directed to Aberdeen Standard Investments Australia Limited on 1800-636-888 or if calling outside Australia on +61 2 9950 2853 between 9am – 5pm (Sydney time), Monday to Friday. You can also email us at client.service.aust@aberdeenstandard.com.
9 June 2020
Meeting of the Members of 13 Funds to Approve Amendments to Fund Constitutions
A Meeting of members of the funds listed below is to be held at 10:00 am on 2 July 2020 to vote on resolutions to amend the Constitutions of the Funds. For further details of the Meeting and the proposed amendments to each Fund's Constitution, please refer to the relevant document linked to each fund name listed below:
For a better understanding of the proposed amendments to the Fund Constitutions, please refer to the Frequently Asked Questions
12 March 2020
New Product Disclosure Statement ('PDS') for the Aberdeen Standard Emerging Market Local Currency Debt Fund (ARSN 634 557 510) ('the Fund')
The PDS for the Fund was updated on 12 March 2020. The Fund gains exposure to emerging market local currency debt by investing primarily in the Standard Life Investments Global SICAV Emerging Market Local Currency Debt Fund ('the Underlying Fund').
The PDS has been updated to align with updates made to the prospectus for the Underlying Fund, which includes:
- additional information on the use of a benchmark in the management of the Underlying Fund;
- a description on how the benchmark plays a role in its management, as well as the degree of freedom that the investment manager has in relation to the benchmark; and
- the expected level of leverage, including in atypical or volatile market conditions.
This additional information intends to provide more insight and does not change the way in which the Fund or Underlying Fund is managed in practice.
The PDS can be viewed at:
https://www.aberdeenstandard.com/en/australia/investor/fund-centre
https://www.aberdeenstandard.com/en/australia/institutional/fund-centre
12 March 2020
New Product Disclosure Statement ('PDS') for the Aberdeen Standard Global Smaller Companies Fund (ARSN 636 945 090) ('the Fund')
The PDS for the Fund was updated on 12 March 2020. The Fund gains exposure to the shares of smaller companies listed on global stock markets and a range of other assets by investing primarily in the Standard Life Investments Global SICAV II Global Smaller Companies Fund ('the Underlying Fund').
The PDS has been updated to align with updates made to the prospectus for the Underlying Fund, which includes:
- provision of additional information on the use of a benchmark in the management of the Underlying Fund; and
- a description on how the benchmark plays a role in its management, as well as the degree of freedom that the investment manager has in relation to the benchmark.
This additional information intends to provide more insight and does not change the way in which the Fund or Underlying Fund is managed in practice.
The PDS can be viewed at:
https://www.aberdeenstandard.com/en/australia/investor/fund-centre
https://www.aberdeenstandard.com/en/australia/institutional/fund-centre
29 November 2019
New Additional Information Booklet issued 29 November 2019
A new Additional Information Booklet (AIB) was issued on 29 November 2019. This version replaces the version issued 23 September 2019.
Please be advised that the estimated 'transactional and operational costs' to 30 June 2019 disclosed on page 8 of the AIB have been updated for the Aberdeen Standard Australian Small Companies Fund, Aberdeen Standard Ex- 20 Australian Equities Fund, Aberdeen Standard Asian Opportunities Fund and Aberdeen Standard Emerging Opportunities Fund.
28 October 2019
Termination of Aberdeen Standard Active Index income Fund (ARSN 092 789 083)
We would like to advise that after careful consideration, Aberdeen Standard Investments Australia Limited has made the decision to terminate the Aberdeen Standard Active Index Income Fund effective 29 November 2019.
read more27 September 2019
Reduction in management fee
We are pleased to advise that we have reduced the management fee for the Aberdeen Standard Absolute Return Global Bond Strategies Fund (ARSN 125 896 988).
From 27 September 2019 the management fee will be 0.55% pa (down from 0.75% pa).
read more24 September 2019
Indirect Cost Ratios for the year ended 30 June 2019
The updated Indirect Cost Ratios (ICRs) for the Funds for the year ended 30 June 2019 are disclosed in the attached article.
An 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
read more24 September 2019
Indirect Costs for the year ended 30 June 2019
The indirect costs for the year ended 30 June 2019 as quoted in the Product Disclosure Statements issued in September 2019 are listed in the attached article.
read more24 September 2019
Regulatory Guide 240 ‘Hedge funds: Improving disclosure’ – periodic reporting
The following funds are classified as hedge funds in accordance with the Australian Securities and Investments Commission Regulatory Guide 240 ‘Hedge funds: Improving disclosure’ (RG240):
- Aberdeen Standard Global Absolute Return Strategies Fund (ARSN 125 897 261)
- Aberdeen Standard Absolute Return Global Bond Strategies Fund (ARSN 125 896 988)
- Aberdeen Standard Global Focused Strategies Fund (ARSN 609 422 184)
- Aberdeen Standard Multi-Asset Income Fund (ARSN 088 906 585)
- Aberdeen Standard Multi-Asset Real Return Fund (ARSN 088 905 471)
Please click through to view the extra information for each Fund.
Aberdeen Standard Global Absolute Return Strategies Fund Aberdeen Standard Absolute Return Global Bond Strategies Fund Aberdeen Standard Global Focused Strategies Fund Aberdeen Standard Multi-Asset Income Fund Aberdeen Standard Multi-Asset Real Return Fund23 September 2019
Change in unit registry provider for a selection of Aberdeen Standard Investments’ Funds
Please be advised that RBC Investor Services Trust became the unit registry provider for a selection of Aberdeen Standard Investments’ Funds (in place of State Street Australia Limited) effective 23 September 2019.
read more23 September 2019
Standard Risk Measures for Aberdeen Standard Investments Funds - 2019/2020
The latest Standard Risk Measure (SRM) for each Aberdeen Standard Investments fund is detailed in the attached article.
The SRM for each 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.
read more27 August 2019
Change to the Aberdeen Standard Multi-Asset Income Fund (ARSN 088 906 585)
We would like to advise that we are making a change to the asset allocation ranges for the Aberdeen Standard Multi-Asset Income Fund. The changes are effective 27 September 2019.
read more14 August 2019
Change in buy/sell spread for the Aberdeen Standard Emerging Market Local Currency Debt Fund
Please be aware that the buy/sell spread for the above named fund changed effective 14 August 2019.
read more6 August 2019
Change in Auditor for a selection of Aberdeen Standard Investments’ Funds
Please be advised that KPMG became Scheme Auditor and Compliance Plan Auditor for a selection of Aberdeen Standard Investments’ Funds effective 2 July 2019.
read more1 August 2019
Change in buy/sell spreads for a selection of Aberdeen Standard Investments’ Funds
Please be aware that the buy/sell spreads for a selection of Aberdeen Standard Investments’ equity funds are changing on 1 August 2019.
read more7 May 2019
Termination of the Aberdeen Standard Australian Floating Rate Income Fund (ARSN 092 788 899)
We would like to advise that, after careful consideration, Aberdeen Standard Investments Australia Limited has made the decision to terminate the Aberdeen Standard Australian Floating Rate Income Fund effective 16 April 2019.
read more1 May 2019
Appointment of a new responsible entity for four Aberdeen Standard Investments funds
We are pleased to advise that on 1 May 2019 Aberdeen Standard Investments Australia Limited ABN 59 002 123 364, AFSL 240263 (‘ASIAL’) was approved as the new responsible entity of the below named funds (‘the Funds’), replacing Equity Trustees Limited ABN 46 004 031 298, AFSL 240975 (‘EQT’).
- Aberdeen Standard Absolute Return Global Bond Strategies Fund (ARSN 125 896 988)
- Aberdeen Standard Global Absolute Return Strategies Fund (ARSN 125 897 261)
- Aberdeen Standard Global Focused Strategies Fund (ARSN 609 422 184)
- Aberdeen Standard Global Corporate Bond Fund (ARSN 125 896 184)
The appointment will take effect shortly, once the Australian Securities and Investment Commission updates its Register.
read more28 November 2018
Change to individuals playing a key role in executing fund investment strategy
We would like to advise that there have been changes to the individuals named in the Product Disclosure Statements as playing a key role in investment decisions for some funds.
read more1 November 2018
Change in the buy/sell spread for the Aberdeen Standard Inflation Linked Bond Fund
Please be aware that the buy/sell spread for the Aberdeen Standard Inflation Linked Bond Fund is changing on 1 November 2018.
read more1 November 2018
New external dispute resolution scheme to deal with consumer complaints
The Australian Financial Complaints Authority (‘AFCA’) is a new external dispute resolution scheme to deal with complaints from consumers in the financial system.
From 1 November 2018 it will replace three existing schemes: the Financial Ombudsman Service (FOS), the Credit and Investments Ombudsman (CIO), and the Superannuation Complaints Tribunal (SCT).
read more26 September 2018
Annual financial reports for the Aberdeen Standard Investments funds
We would like to confirm that the annual financial reports for the Aberdeen Standard Investments funds for the 2017/2018 financial year are now available and can be viewed on this website.
The reports provide detailed information on the activities of each Fund during the financial year.
read more4 September 2018
Indirect Costs for Aberdeen Standard Investments Funds - For the year ended 30 June 2018
The indirect costs for the year ended 30 June 2018 and quoted in the Product Disclosure Statements issued 4 September 2018 are listed in the attached article.
read more4 September 2018
New Product Disclosure Statements for the Aberdeen Standard Investments Funds issued 4 September 2018 incorporating a change of company and fund names
We would like to inform you of some changes, following the merger of the investment businesses of Aberdeen Asset Management and Standard Life Investments to form Aberdeen Standard Investments.
read more4 September 2018
Standard Risk Measures for Aberdeen Standard Investments Funds - 2018/2019
The latest Standard Risk Measure (SRM) for each Aberdeen Standard Investments fund is detailed in the attached article.
The SRM for each 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.
read more4 September 2018
Indirect Cost Ratios for Aberdeen Standard Investments Funds
The updated Indirect Cost Ratios (ICRs) for the Funds for the year ended 30 June 2018 are disclosed in the attached article.
An 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.
read more4 September 2018
Change to the Aberdeen Diversified Fixed Income Fund (ARSN 119 678 401) from 4 September 2018
Aberdeen advise that a change is being made to the Aberdeen Diversified Fixed Income Fund (‘the Fund’) on 4 September 2018.
This change relates to the hedging strategy of the Fund.It is important to note that there is no change to the Fund’s investment strategy.
read more30 June 2018
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 FundAberdeen Multi-Asset Real Return Fund
19 April 2018
Change in the buy/sell spreads for some Aberdeen Funds
Please be aware that the buy/sell spreads are changing for some Australian domiciled fixed income funds.
read moreMarch 2018
Change in the buy/sell spreads for some Aberdeen Funds
Please be aware that the buy/sell spreads are changing for the Australian domiciled equity funds.
read moreJanuary 2018
Update to the Aberdeen Multi-Asset Income Fund Strategic Asset Allocation weights
On 12 January 2018 the Aberdeen Multi-Asset Income Fund Strategic Asset Allocation weights were updated as detailed in the attached flyer.
From this date the fund manager began moving the Fund to the new strategic weights, which are within the existing asset allocation ranges.
As a result of the update, the SAA weights will differ from those disclosed in the current Product Disclosure Statement for the Fund dated 30 September 2017.
read more8 November 2017
Change in the buy/sell spreads for some Aberdeen Funds
Please be aware that the buy/sell spreads are changing for the Aberdeen Australian Floating Rate Income Fund and Aberdeen Inflation Linked Bond Fund.
read more3 November 2017
Reissue of the Annual Financial Report for the Aberdeen Australian Floating Rate Income Fund ARSN 092 788 899
In September 2017 we notified you that the annual financial reports for the Aberdeen Funds were available for viewing or downloading from our website.
We have recently been made aware of a valuation error in the report for the Aberdeen Australian Floating Rate Income Fund (‘the Fund’) and, as a result, have issued an amended report on 30 October 2017.
read more30 September 2017
Indirect Cost Ratios for the Aberdeen Funds
The updated Indirect Cost Ratios (ICRs) for the Aberdeen Funds for the year ended 30 June 2017 are disclosed in the attached article.
The ICRs have been updated in accordance with the ASIC’s new fees and costs disclosure introduced on 30 September 2017.
An 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.
read more30 September 2017
Standard Risk Measures
2017/2018
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.
read more30 September 2017
Change to the Aberdeen Multi-Asset Income Fund (ARSN 088 906 585)
We would like to advise that we are making a change to the Aberdeen Multi-Asset Income Fund (‘the Fund’).
The Fund’s investment strategy primarily focusses on delivering an income yield to unitholders, at a rate determined at the start of each financial year, in addition to aiming to generate capital growth over the medium to long term to mitigate the effects of inflation.
Currently, up to 5% of the Fund can be invested in alternatives. From 30 September 2017 up to 15% of the Fund will be invested in alternatives to allow additional flexibility to meet this income and capital growth objective.
read more20 September 2017
Annual financial reports for the Aberdeen funds
We would like to confirm that the annual financial reports for the Aberdeen funds for the 2016/2017 financial year are now available and can be viewed or downloaded from our website.
The reports provide detailed information on the activities of each Fund during the financial year.
read more1 July 2017
Change to the Aberdeen Multi-Asset Income Fund Strategic Asset Allocation (SAA) weights
On 1 July 2017 the Aberdeen Multi-Asset Income Fund Strategic Asset Allocation weights changed as detailed in the attached flyer.
From this date the fund manager began moving the Fund to the new strategic weights, which are within the existing asset allocation ranges.
As a result of the change, the SAA weights will differ from those disclosed in the current Product Disclosure Statement for the Fund dated 1 April 2017.
read more1 July 2017
Common Reporting Standard (CRS) requirements start 1 July 2017
There are new reporting requirements for accounts held in the Funds from 1 July 2017. The CRS is an OECD led framework to tackle and deter cross-border tax evasion. The CRS creates an international standard of due diligence and reporting rules for Financial Institutions to identify the accounts of foreign tax residents, and report certain information regarding the foreign tax resident account holder (and in the case of certain entities their controlling persons) to its local tax authority.
read more1 July 2017
New Attribution Managed Investment Trust (AMIT) tax regime
A new tax system for managed investment trusts has been enacted. A key feature of this new system is that a managed investment trust can elect to become an AMIT. The AMIT regime seeks to improve the operation of the taxation law for managed investment trusts by increasing certainty, allowing greater flexibility and reducing compliance costs.
read more30 June 2017
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 contact our Client Service team on client.service.aust@aberdeenstandard.com to request a copy of the fund factsheet containing further information for each Fund.
March 2017
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.
read more