0001104659-19-038438.txt : 20190701 0001104659-19-038438.hdr.sgml : 20190701 20190701102752 ACCESSION NUMBER: 0001104659-19-038438 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 20190701 DATE AS OF CHANGE: 20190701 EFFECTIVENESS DATE: 20190701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Aberdeen Funds CENTRAL INDEX KEY: 0001413594 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-146680 FILM NUMBER: 19931756 BUSINESS ADDRESS: STREET 1: 1735 MARKET STREET STREET 2: 32ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-405-5700 MAIL ADDRESS: STREET 1: 1735 MARKET STREET STREET 2: 32ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Aberdeen Funds CENTRAL INDEX KEY: 0001413594 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-22132 FILM NUMBER: 19931757 BUSINESS ADDRESS: STREET 1: 1735 MARKET STREET STREET 2: 32ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-405-5700 MAIL ADDRESS: STREET 1: 1735 MARKET STREET STREET 2: 32ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 0001413594 S000020289 Aberdeen China A Share Equity Fund C000056926 Class A C000056928 Class C C000056929 Class R C000056930 Institutional Class C000056931 Institutional Service Class 485BPOS 1 a19-7665_7485bpos.htm 485BPOS

 

As filed with the Securities and Exchange Commission on July 1, 2019

 

File No. 333-146680

File No. 811-22132

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM N-1A

 

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

x

 

 

 

 

Pre-Effective Amendment No.

o

 

Post-Effective Amendment No. 94

x

 

 

 

 

and/or

 

 

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

 

 

 

 

Amendment No. 96

x

 

(Check appropriate box or boxes)

 


 

ABERDEEN FUNDS

(Exact Name of Registrant as Specified in Charter)

 

1735 Market Street, 32nd Floor

Philadelphia, PA 19103

(Address of Principal Executive Office) (Zip Code)

 

Registrant’s Telephone Number, including Area Code: 866-667-9231

 


 

Lucia Sitar, Esq.

c/o Aberdeen Standard Investments Inc.

1735 Market Street, 32nd Floor

Philadelphia, PA 19103

(Name and Address of Agent for Service)

 

Copy to:

Margery Neale, Esq.

Willkie Farr & Gallagher LLP

787 Seventh Avenue

New York, New York 10019-6099

 


 

Approximate Date of Proposed Public Offering:

 

It is proposed that this filing will become effective (check appropriate box):

 

x                                  immediately upon filing pursuant to paragraph (b)

o                                    on (date) pursuant to paragraph (b)

o                                    60 days after filing pursuant to paragraph (a)(1)

o                                    on (date) pursuant to paragraph (a)(1)

o                                    75 days after filing pursuant to paragraph (a)(2)

o                                    on (date) pursuant to paragraph (a)(2) of Rule 485

 

If appropriate, check the following box:

 

o       This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 


 

Explanatory Note: This Post-Effective Amendment (“PEA”) No. 94 to the Registration Statement of Aberdeen Funds (the “Trust”) hereby incorporates Parts A, B and C from the Trust’s PEA No. 93 on Form N-1A filed on June 13, 2019. This PEA No. 94 is filed for the sole purpose of submitting the XBRL exhibit for the risk/return summary first provided in PEA No. 93 to the Trust’s registration statement.

 


 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, as amended (the “Securities Act”), and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness of this Post-Effective Amendment No. 94 to the Trust’s registration statement under Rule 485(b) under the Securities Act and has duly caused this Post-Effective Amendment No. 94 to the Trust’s registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Philadelphia, and the Commonwealth of Pennsylvania on the 1st day of July, 2019.

 

 

Aberdeen Funds

 

Registrant

 

 

 

 

By:

/s/ Bev Hendry*

 

 

Bev Hendry

 

 

President of Aberdeen Funds

 

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the date indicated.

 

Name

 

Title

 

Date

 

 

 

 

 

 

 

/s/ Bev Hendry*

 

President and Chief Executive Officer

 

July 1, 2019

 

Bev Hendry

 

 

 

 

 

 

 

 

 

 

 

/s/ Andrea Melia*

 

Treasurer, Chief Financial Officer, and Principal Accounting Officer

 

July 1, 2019

 

Andrea Melia

 

 

 

 

 

 

 

 

 

 

 

/s/ P. Gerald Malone**

 

Chairman of the Board

 

July 1, 2019

 

P. Gerald Malone

 

 

 

 

 

 

 

 

 

 

 

/s/ Peter D. Sacks**

 

Trustee

 

July 1, 2019

 

Peter D. Sacks

 

 

 

 

 

 

 

 

 

 

 

/s/ Warren C. Smith**

 

Trustee

 

July 1, 2019

 

Warren C. Smith

 

 

 

 

 

 

 

 

 

 

 

/s/ Rahn K. Porter**

 

Trustee

 

July 1, 2019

 

Rahn K. Porter

 

 

 

 

 

 

 

 

 

 

 

/s/ Steven N. Rappaport**

 

Trustee

 

July 1, 2019

 

Steven N. Rappaport

 

 

 

 

 

 

 

 

 

 

 

/s/ Neville J. Miles**

 

Trustee

 

July 1, 2019

 

Neville J. Miles

 

 

 

 

 

 

 

 

 

 

 

/s/ Martin Gilbert**

 

Trustee

 

July 1, 2019

 

Martin Gilbert

 

 

 

 

 

 

 

 

 

 

By:

/s/ Lucia Sitar

 

 

 

 

 

Lucia Sitar

 

 

 

 

 

Attorney In Fact

 

 

 

 

 

*                 Pursuant to a power of attorney filed as exhibit (q)(2) to Post-Effective Amendment No. 77 on December 29, 2016.

 

**  Pursuant to a power of attorney filed as exhibit (q)(1) to Post-Effective Amendment No. 77 on December 29, 2016.

 


 

EXHIBIT INDEX

 

Index No.

 

Description of Exhibit

 

 

 

EX-101.INS

 

XBRL Instance Document

EX-101.SCH

 

XBRL Taxonomy Extension Schema Document

EX-101.CAL

 

XBRL Taxonomy Extension Calculation Linkbase

EX-101.DEF

 

XBRL Taxonomy Extension Definition Linkbase

EX-101.LAB

 

XBRL Taxonomy Extension Labels Linkbase

EX-101.PRE

 

XBRL Taxonomy Extension Presentation Linkbase

 

EX-101.INS 2 ck0001413594-20190613.xml XBRL INSTANCE DOCUMENT 0001413594 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:C000056926Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member rr:AfterTaxesOnDistributionsMember ck0001413594:C000056926Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member rr:AfterTaxesOnDistributionsAndSalesMember ck0001413594:C000056926Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:C000056928Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:C000056929Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:C000056930Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:C000056931Member 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:index_MSCI_China_A_Onshore_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2018-10-31 2018-10-31 0001413594 ck0001413594:S000020289Member ck0001413594:index_MSCI_Zhong_Hua_Index_reflects_no_deduction_for_fees_expenses_or_taxesMember 2018-10-31 2018-10-31 xbrli:pure iso4217:USD Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for the one year period because they reflect the tax benefit of capital losses realized on the redemption of fund shares. Unless you are otherwise eligible to purchase Class A shares without a sales charge, a contingent deferred sales charge (CDSC) of up to 1.00% will be charged on Class A shares redeemed within 18 months of purchase if you paid no sales charge on the original purchase and a finder's fee was paid. If you redeem your Class C shares within the first year after you purchase them you must pay a CDSC of 1%; however, the CDSC shall not apply to the purchases of Class C shares where the selling broker-dealer was not paid a commission at the time of purchase. Accounts with balances below $1,000 are generally subject to a $5 quarterly fee (with an annual maximum of $20 per account). Shares from such accounts are redeemed each quarter to cover the fee, which is returned to the Fund to offset small account expenses. Under some circumstances, the Fund may waive the quarterly fee. See the Statement of Additional Information for information about the circumstances under which this fee will not be assessed. Management Fees have been restated to reflect a reduction in management fees effective June 13, 2019. Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds and exchange traded funds. Acquired fund fees and expenses have been restated to reflect current fees. Aberdeen Funds (the "Trust") and Aberdeen Standard Investments Inc. (formerly known as Aberdeen Asset Management Inc.) (the "Adviser") have entered into a written contract limiting operating expenses to 0.99% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2021 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser. Aberdeen Funds 485BPOS false 0001413594 2018-10-31 2019-06-13 2019-06-13 2019-06-13 Aberdeen China A Share Equity Fund Portfolio Turnover <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The China A Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio).&#160; A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.&#160; These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance.&#160; During the most recent fiscal year, the Fund&#8217;s portfolio turnover rate was 26.13% of the average value of its portfolio.</font></p> 0.2613 Objective <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Aberdeen China A Share Equity Fund (formerly, Aberdeen China Opportunities Fund) (the &#8220;China A Fund&#8221; or the &#8220;Fund&#8221;) seeks long-term capital appreciation.</font></p> Principal Risks <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The China A Fund cannot guarantee that it will achieve its investment objective.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">As with any fund, the value of the Fund&#8217;s investments &#8212; and therefore, the value of Fund&#8217;s shares &#8212; may fluctuate. The following is an alphabetical list of the principal risks of investing in the Fund.</font></p> <br/><p style="font-family: Times New Roman;font-size: 10.0pt; margin: 0in 0in .0001pt;"><strong><font style="font-size: 10.0pt; font-weight: bold; font-family: Times New Roman;">Cybersecurity Risk</font></strong> &#8212; <font style="font-family: times new roman, times, serif;">Cybersecurity incidents may allow an unauthorized party to gain access to Fund assets, customer data (including private shareholder information), or proprietary information, or cause the Fund, the Adviser and/or its service providers</font> <font style="font-size: 10.0pt; font-family: Times New Roman;">(including, but not limited to, Fund accountants, custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data breaches, data corruption or lose operational functionality.</font></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Emerging Markets Risk </font></b>&#8212; A magnification of the risks that apply to foreign investments. These risks are greater for securities of companies in emerging markets countries because the countries may have less stable governments, more volatile currencies and less established markets (see &#8220;Foreign Securities Risk&#8221; below).</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Equity-Linked Notes </font></b>&#8212; The Fund may invest in equity-linked notes, which are generally subject to the same risks as the foreign equity securities or the basket of foreign securities they are linked to. If the linked security(ies) declines in value, the note may return a lower amount at maturity. The trading price of an equity-linked note also depends on the value of the linked security(ies).</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Equity Securities Risk </font></b>&#8212; The stock or other security of a company may not perform as well as expected, and may decrease in value, because of factors related to the company (such as poorer than expected earnings or certain management decisions) or to the industry in which the company is engaged (such as a reduction in the demand for products or services in a particular industry). Holders of common stock generally are subject to more risks than holders of preferred stock or debt securities because the right to repayment of common stockholders&#8217; claims is subordinated to that of preferred stock and debt securities upon the bankruptcy of the issuer.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Exchange-Traded Fund Risk </font></b>&#8212;To the extent that the Fund invests in ETFs, the Fund may be subject to, among other risks, tracking error risk and passive and, in some cases, active management investment risk. An active secondary market in ETF shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual market conditions or other reasons. There can be no assurance that an ETF&#8217;s shares will continue to be listed on an active exchange. In addition, Fund shareholders bear both their proportionate share of the Fund&#8217;s expenses and similar expenses incurred through the Fund&#8217;s ownership of the ETF.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Foreign Currency Exposure Risk</font></b> &#8212;The value of foreign currencies relative to the U.S. Dollar fluctuates in response to market, economic, political, regulatory, geopolitical or other conditions. A decline in the value of a foreign currency versus the U.S. Dollar reduces the value in U.S. Dollars of investments denominated in that foreign currency. This risk may impact the Fund more greatly to the extent the Fund does not hedge its currency risk, or hedging techniques used by the Adviser are unsuccessful.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Foreign Securities Risk &#8212; </font></b>The Fund&#8217;s investments in securities of foreign issuers or issuers with significant exposure to foreign markets involve additional risk. Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the Fund&#8217;s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable or unsuccessful government actions, reduction of government or central bank support and political or financial instability. Lack of information may also affect the value of these securities. To the extent the Fund focuses its investments in a single country or only a few countries in a particular geographic region, economic, political, regulatory or other conditions affecting such country or region may have a greater impact on Fund performance relative to a more geographically diversified fund.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">Asian Risk.</font></i> Parts of the Asian region may be subject to a greater degree of economic, political and social instability than is the case in the United States and Europe. Some Asian countries can be characterized as emerging markets or newly industrialized and may experience more volatile economic cycles than developed countries. The developing nature of securities markets in many countries in the Asian region may lead to a lack of liquidity while some countries have restricted the flow of money in and out of the country. Some countries in Asia have historically experienced political uncertainty, corruption, military intervention and social unrest. The Fund may be more volatile than a fund which is broadly diversified geographically.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">China Risk</font></i>. Concentrating investments in China subjects the Fund to additional risks, and may make it significantly more volatile than geographically diverse mutual funds. Additional risks associated with investments in China include exposure to currency fluctuations, less liquidity, expropriation, confiscatory taxation, nationalization, exchange control regulations (including currency blockage), trading halts, imposition of tariffs, limitations on repatriation and differing legal standards.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;text-indent:.5in;"><i><font style="font-size:10.0pt;font-style:italic; font-family: Times New Roman;">China A Shares Risk</font></i>. Trading in China A Shares through Stock Connect and the QFII Programs involves additional risks. Stock Connect is subject to a daily quota (the &#8220;Daily Quota&#8221;), which limits the maximum net purchases under Stock Connect each day and, as such, buy orders for China A Shares would be rejected once the Daily Quota is exceeded (although the Fund will be permitted to sell China A Shares regardless of the Daily Quota balance). Further, Stock Connect, which relies on the connectivity of the Shanghai or Shenzhen markets with Hong Kong, is subject to operational risk, regulations that are relatively untested and are subject to change, and extended market closures for <font style="font-size:10.0pt; font-family: Times New Roman;">holidays or otherwise. During an extended market closure, the Fund&#8217;s ability to trade in China A Shares will be impacted which may affect the Fund&#8217;s performance. The QFII Programs are subject to the risk that the Adviser may have its QFII Programs license revoked or restricted with respect to the Fund or the Fund may be impacted by the rules, restrictions and quota limitations connected to reliance on a QFII Programs license.</font></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Illiquid Securities Risk</font></b> &#8212; Illiquid securities are assets that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the asset. An inability to sell a portfolio position can adversely affect the Fund&#8217;s value or prevent the Fund from being able to take advantage of other investment opportunities. Illiquid securities and relatively less liquid securities may also be difficult to value.</p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Adviser employs procedures and tests using third-party and internal data inputs that seek to assess and manage the liquidity of the Fund&#8217;s portfolio holdings. These procedures and tests take into account the Fund&#8217;s investment strategy and liquidity of portfolio investments during both normal and foreseeable stressed conditions, cash-flow projections during both normal and reasonable foreseeable stressed conditions, relevant market, trading and other factors, and monitor whether liquidity should be adjusted based on changed market conditions. These procedures and tests are designed to assist the Fund in determining its ability to meet redemption requests in various market conditions. In light of the dynamic nature of markets, there can be no assurance that these procedures and tests will enable the Fund to ensure that it has sufficient liquidity to meet redemption requests.</font></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Impact of Large Redemptions and Purchases of Fund Shares </font></b>&#8212; Occasionally, shareholders may make large redemptions or purchases of Fund shares, which may cause the Fund to have to sell securities or invest additional cash. These transactions may adversely affect the Fund&#8217;s performance and increase transaction costs. In addition, large redemption requests may exceed the cash balance of the Fund and result in credit line borrowing fees and/or overdraft charges to the Fund until the sales of portfolio securities necessary to cover the redemption request settle.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Issuer Risk</font></b> &#8212; The value of a security may decline for reasons directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer&#8217;s goods or service.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Management Risk</font></b> &#8212; The Fund is subject to the risk that the Adviser or Subadviser may make poor security selections. The Adviser, Subadviser and their portfolio managers apply their own investment techniques and risk analyses in making investment decisions for the Fund and there can be no guarantee that these decisions will achieve the desired results for the Fund. In addition, the Adviser or the Subadviser may select securities that underperform the relevant market or other funds with similar investment objectives and strategies.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Market Risk </font></b>&#8212; Deteriorating market conditions might cause a general weakness in the market that reduces the prices, or yield, of securities in those markets in which the Fund invests.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Mid-Cap Securities Risk </font></b>&#8212; Securities of medium-sized companies tend to be more volatile and less liquid than securities of larger companies.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Sector Risk </font></b>&#8212; To the extent that the Fund has a significant portion of its assets invested in securities of companies conducting business in a broadly related group of industries within an economic sector, the Fund may be more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Small-Cap Securities Risk </font></b>&#8212; Securities of smaller companies are usually less stable in price and less liquid than those of larger, more established companies. Therefore, they generally involve greater risk.</p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Valuation Risk </font></b>&#8212; The price the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund&#8217;s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation methodology or a price provided by an independent pricing service. As a result, the price received upon the sale of an investment may be less than the value ascribed by the Fund, and the Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. The Fund&#8217;s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.</p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">If the value of the Fund&#8217;s investments decreases, you may lose money.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">For additional information regarding the above identified risks, see &#8220;Fund Details: Additional Information about Investments, Investment Techniques and Risks&#8221; in the prospectus.</font></p> If the value of the Fund&#8217;s investments decreases, you may lose money. Performance <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The bar chart and table below can help you evaluate potential risks of the China A Fund. The bar chart shows how the Fund&#8217;s annual total returns for Class&#160;A have varied from year to year. The returns in the bar</font> <font style="font-size:10.0pt; font-family: Times New Roman;">chart do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown. Unlike the bar chart, the returns in the table reflect the maximum applicable sales charges. The table compares the Fund&#8217;s average annual total returns to the returns of the MSCI China A (Onshore) Index, a broad-based securities index. Effective May&#160;1, 2019, the MSCI China A (Onshore) Index replaced the MSCI Zhong Hua Index as the Fund&#8217;s primary benchmark. The Adviser believes that the MSCI China A (Onshore) Index is a more meaningful comparison index given the Fund&#8217;s strategies, composition, and intention to increase its holdings in China A shares. Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future.&#160; For updated performance information, please visit www.aberdeen-asset.us or call 866-667-9231.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Fund changed its investment strategies effective June&#160;13, 2019.&#160; The performance information for periods in the table below does not reflect the Fund&#8217;s current investment strategies.&#160; In connection with the change in investment strategies, the Fund changed its name from Aberdeen China Opportunities Fund to Aberdeen China A Share Equity Fund.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">Excluding the effect of any fee waivers or reimbursements, this performance is substantially similar to what each individual class would have produced because all classes invest in the same portfolio of securities.&#160; Returns would only differ to the extent of the differences in expenses between the two classes.</font></p> Annual Total Returns &#8212; Class A Shares (Years Ended Dec. 31) 0.6172 0.2794 -0.1531 0.1881 -0.0451 -0.0199 -0.0747 0.0049 0.3451 -0.1213 ~ http://aberdeen.com/20190613/role/ScheduleAnnualTotalReturnsBarChart20005 column dei_LegalEntityAxis compact ck0001413594_S000020289Member column rr_ProspectusShareClassAxis compact ck0001413594_C000056926Member row primary compact * ~ Highest Return: 0.4299 2009-06-30 Lowest Return: -0.1885 2011-09-30 Year-to-Date Return 0.1932 2019-03-31 <p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Highest Return: 42.99% - 2</font></b><b><font style="font-size:6.5pt;font-weight:bold;position:relative;top:-3.0pt;">nd</font></b><b>&#160;quarter 2009</b></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Lowest Return: -18.85% - 3</font></b><b><font style="font-size:6.5pt;font-weight:bold;position:relative;top:-3.0pt;">rd</font></b><b>&#160;quarter 2011</b></p> <br/><p style="margin:0in 0in .0001pt;"><b><font style="font-size:10.0pt;font-weight:bold; font-family: Times New Roman;">Year-to-Date Return (March&#160;31, 2019): 19.32%</font></b></p> <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">After-tax returns are shown in the following table for Class&#160;A shares only and will vary for other classes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax return depends on your personal tax situation and may differ from what is shown here. After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k)&#160;plans or certain other employer-sponsored retirement plans.</font></p> -0.1719 0.0030 0.0728 -0.1725 -0.0011 0.0686 -0.1018 0.0004 0.0571 -0.1358 0.0080 0.0715 -0.1242 0.0113 0.0757 -0.1187 0.0179 0.0819 -0.1190 0.0173 0.0819 -0.3285 0.0064 0.0522 -0.1625 0.0516 0.0962 ~ http://aberdeen.com/20190613/role/ScheduleAverageAnnualReturnsTransposed20006 column dei_LegalEntityAxis compact ck0001413594_S000020289Member column rr_PerformanceMeasureAxis compact * row primary compact * ~ Average Annual Total ReturnsAs of December 31, 2018 After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for the one year period because they reflect the tax benefit of capital losses realized on the redemption of fund shares. Unlike the bar chart, the returns in the table reflect the maximum applicable sales charges. Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future. Effective May 1, 2019, the MSCI China A (Onshore) Index replaced the MSCI Zhong Hua Index as the Fund&#8217;s primary benchmark. The Adviser believes that the MSCI China A (Onshore) Index is a more meaningful comparison index given the Fund&#8217;s strategies, composition, and intention to increase its holdings in China A shares. (reflects no deduction for fees, expenses or taxes) 866-667-9231 The bar chart and table below can help you evaluate potential risks of the China A Fund. After-tax returns are shown in the following table for Class A shares only and will vary for other classes. www.aberdeen-asset.us The returns in the bar chart do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown. Your actual after-tax return depends on your personal tax situation and may differ from what is shown here. After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans. Principal Strategies <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">As a non-fundamental policy, under normal circumstances, the China A Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of mainland China-based companies that are denominated in Renminbi and listed on the Shenzhen and Shanghai stock exchanges (&#8220;China A Shares&#8221;). For the purposes of the Fund meeting its 80% investment policy, the Fund will include investments in exchange-traded&#160; funds (&#8220;ETFs&#8221;) that have policies to invest 80% or more of their assets in China A Shares.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">China A Shares are only available to non-mainland China investors like the Fund through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively, &#8220;Stock Connect&#8221;) or the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor systems (collectively, the &#8220;QFII Programs&#8221;). Stock Connect and the QFII Programs are subject to regulatory changes and specified quota limitations. The Shanghai and Shenzhen stock exchanges may close for extended periods for holidays or otherwise, which impacts the Fund&#8217;s ability to trade in China A Shares during those periods.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Fund may invest in securities denominated in U.S. Dollars and the currencies of the foreign countries in which it is permitted to invest.&#160; The Fund typically has full currency exposure to those markets in which it invests.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Fund may invest without limit in the equity securities of companies of any size, including small-cap and mid-cap companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. The Fund also may invest in equity-linked notes. An equity-linked note is a security whose performance is generally tied to a single stock, a stock index or a basket of stocks. For purposes of the Fund&#8217;s 80% policy described above, equity-linked notes are classified according to their underlying or referenced security or securities.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.</font></p> <br/><p style="font-family: Times New Roman;font-size:10.0pt;margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">In carrying out the Fund&#8217;s investment strategies, the Adviser employs a fundamental, bottom-up equity investment process, which is based on first-hand research and disciplined company evaluation. Stocks are identified for their long-term, fundamental value based on quality and price. </font>ESG (Environmental, Social and Governance) analysis is fully integrated into investment decisions for all equity holdings. As such, the Adviser evaluates ESG factors as part of the investment analysis process and this forms an integral component of the Adviser&#8217;s quality rating for all companies.</p> Fees and Expenses of the Fund <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">This table describes the fees and expenses that you may pay when you buy and hold shares of the China A Fund.&#160; You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Aberdeen Funds. More information about these and other discounts is available from your financial advisor and in the &#8220;Reduction and Waiver of Class&#160;A Sales Charges&#8221; and &#8220;Broker-Defined Sales Charge Waiver Policies&#8221; sections on pages&#160;26 and 47 of the Fund&#8217;s prospectus, respectively, and in the &#8220;Additional Information on Purchases and Sales &#8212; Waiver of Class&#160;A Sales Charges&#8221; and &#8220;Reduction of Sales Charges&#8221; sections on pages&#160;83 and 85 of the Fund&#8217;s Statement of Additional Information, respectively. This table does not include the brokerage commissions that you may pay when purchasing or selling Institutional Class&#160;shares or Institutional Service Class&#160;shares of the Fund.</font></p> 0.0575 0.0000 0.0000 0.0000 0.0000 0.0100 0.0100 0.0000 0.0000 0.0000 20 20 0.00 20 20 0.0085 0.0085 0.0085 0.0085 0.0085 0.0025 0.0100 0.0050 0.0000 0.0000 0.0151 0.0156 0.0158 0.0153 0.0153 0.0003 0.0003 0.0003 0.0003 0.0003 0.0264 0.0344 0.0296 0.0241 0.0241 -0.0129 -0.0142 -0.0129 -0.0139 -0.0129 0.0135 0.0202 0.0167 0.0102 0.0112 ~ http://aberdeen.com/20190613/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact ck0001413594_S000020289Member row primary compact * ~ ~ http://aberdeen.com/20190613/role/ScheduleAnnualFundOperatingExpenses20002 column dei_LegalEntityAxis compact ck0001413594_S000020289Member row primary compact * ~ Unless you are otherwise eligible to purchase Class A shares without a sales charge, a contingent deferred sales charge (CDSC) of up to 1.00% will be charged on Class A shares redeemed within 18 months of purchase if you paid no sales charge on the original purchase and a finder&#8217;s fee was paid. If you redeem your Class C shares within the first year after you purchase them you must pay a CDSC of 1%; however, the CDSC shall not apply to the purchases of Class C shares where the selling broker-dealer was not paid a commission at the time of purchase. 2021-02-28 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Aberdeen Funds. Management Fees have been restated to reflect a reduction in management fees effective June 13, 2019. 50000 Shareholder Fees (fees paid directly from your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) Example <p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">This Example is intended to help you compare the cost of investing in the China A Fund with the cost of investing in other mutual funds.</font></p> <br/><p style="margin:0in 0in .0001pt;"><font style="font-size:10.0pt; font-family: Times New Roman;">The Example assumes that you invest $10,000 in the China A Fund for the time periods indicated and then sell all of your shares at the end of those periods. It assumes a 5% return each year and that the Fund&#8217;s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font></p> 705 305 170 104 114 205 1233 925 794 618 628 925 1786 1667 1444 1160 1169 1667 3287 3626 3189 2640 2648 3626 ~ http://aberdeen.com/20190613/role/ScheduleExpenseExampleTransposed20003 column dei_LegalEntityAxis compact ck0001413594_S000020289Member row primary compact * ~ ~ http://aberdeen.com/20190613/role/ScheduleExpenseExampleNoRedemptionTransposed20004 column dei_LegalEntityAxis compact ck0001413594_S000020289Member row primary compact * ~ You would pay the following expenses on the same investment if you did not sell your shares. 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Prospectus:  
Document Type 485BPOS
Document Period End Date Oct. 31, 2018
Registrant Name Aberdeen Funds
Central Index Key 0001413594
Amendment Flag false
Document Creation Date Jun. 13, 2019
Document Effective Date Jun. 13, 2019
Prospectus Date Jun. 13, 2019
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Aberdeen China A Share Equity Fund
Aberdeen China A Share Equity Fund
Objective

The Aberdeen China A Share Equity Fund (formerly, Aberdeen China Opportunities Fund) (the “China A Fund” or the “Fund”) seeks long-term capital appreciation.

Fees and Expenses of the Fund

This table describes the fees and expenses that you may pay when you buy and hold shares of the China A Fund.  You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Aberdeen Funds. More information about these and other discounts is available from your financial advisor and in the “Reduction and Waiver of Class A Sales Charges” and “Broker-Defined Sales Charge Waiver Policies” sections on pages 26 and 47 of the Fund’s prospectus, respectively, and in the “Additional Information on Purchases and Sales — Waiver of Class A Sales Charges” and “Reduction of Sales Charges” sections on pages 83 and 85 of the Fund’s Statement of Additional Information, respectively. This table does not include the brokerage commissions that you may pay when purchasing or selling Institutional Class shares or Institutional Service Class shares of the Fund.

Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Aberdeen China A Share Equity Fund - USD ($)
Class A
Class C
Class R
Institutional Class
Institutional Service Class
Maximum Sales Charge (Load) imposed upon purchases (as a percentage of offering price) 5.75% none none none none
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) 1.00% [1] 1.00% [2] none none none
Small Account Fee [3] $ 20 $ 20 none $ 20 $ 20
Less: Amount of Fee Limitations/Expense Reimbursements [4] 1.29% 1.42% 1.29% 1.39% 1.29%
[1] Unless you are otherwise eligible to purchase Class A shares without a sales charge, a contingent deferred sales charge (CDSC) of up to 1.00% will be charged on Class A shares redeemed within 18 months of purchase if you paid no sales charge on the original purchase and a finder's fee was paid.
[2] If you redeem your Class C shares within the first year after you purchase them you must pay a CDSC of 1%; however, the CDSC shall not apply to the purchases of Class C shares where the selling broker-dealer was not paid a commission at the time of purchase.
[3] Accounts with balances below $1,000 are generally subject to a $5 quarterly fee (with an annual maximum of $20 per account). Shares from such accounts are redeemed each quarter to cover the fee, which is returned to the Fund to offset small account expenses. Under some circumstances, the Fund may waive the quarterly fee. See the Statement of Additional Information for information about the circumstances under which this fee will not be assessed.
[4] Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds and exchange traded funds. Acquired fund fees and expenses have been restated to reflect current fees.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Aberdeen China A Share Equity Fund
Class A
Class C
Class R
Institutional Class
Institutional Service Class
Management Fees [1] 0.85% 0.85% 0.85% 0.85% 0.85%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 0.50% none none
Other Expenses 1.51% 1.56% 1.58% 1.53% 1.53%
Acquired Fund Fees and Expenses [2] 0.03% 0.03% 0.03% 0.03% 0.03%
Total Annual Fund Operating Expenses [3] 2.64% 3.44% 2.96% 2.41% 2.41%
Total Annual Fund Operating Expenses After Fee Limitations/Expense Reimbursements 1.35% 2.02% 1.67% 1.02% 1.12%
[1] Management Fees have been restated to reflect a reduction in management fees effective June 13, 2019.
[2] Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds and exchange traded funds. Acquired fund fees and expenses have been restated to reflect current fees.
[3] Aberdeen Funds (the "Trust") and Aberdeen Standard Investments Inc. (formerly known as Aberdeen Asset Management Inc.) (the "Adviser") have entered into a written contract limiting operating expenses to 0.99% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2021 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser.
Example

This Example is intended to help you compare the cost of investing in the China A Fund with the cost of investing in other mutual funds.


The Example assumes that you invest $10,000 in the China A Fund for the time periods indicated and then sell all of your shares at the end of those periods. It assumes a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example - Aberdeen China A Share Equity Fund - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 705 1,233 1,786 3,287
Class C 305 925 1,667 3,626
Class R 170 794 1,444 3,189
Institutional Class 104 618 1,160 2,640
Institutional Service Class 114 628 1,169 2,648
You would pay the following expenses on the same investment if you did not sell your shares.
Expense Example No Redemption
1 Year
3 Years
5 Years
10 Years
Aberdeen China A Share Equity Fund | Class C | USD ($) 205 925 1,667 3,626
Portfolio Turnover

The China A Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 26.13% of the average value of its portfolio.

Principal Strategies

As a non-fundamental policy, under normal circumstances, the China A Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of mainland China-based companies that are denominated in Renminbi and listed on the Shenzhen and Shanghai stock exchanges (“China A Shares”). For the purposes of the Fund meeting its 80% investment policy, the Fund will include investments in exchange-traded  funds (“ETFs”) that have policies to invest 80% or more of their assets in China A Shares.


China A Shares are only available to non-mainland China investors like the Fund through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively, “Stock Connect”) or the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor systems (collectively, the “QFII Programs”). Stock Connect and the QFII Programs are subject to regulatory changes and specified quota limitations. The Shanghai and Shenzhen stock exchanges may close for extended periods for holidays or otherwise, which impacts the Fund’s ability to trade in China A Shares during those periods.


The Fund may invest in securities denominated in U.S. Dollars and the currencies of the foreign countries in which it is permitted to invest.  The Fund typically has full currency exposure to those markets in which it invests.


The Fund may invest without limit in the equity securities of companies of any size, including small-cap and mid-cap companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. The Fund also may invest in equity-linked notes. An equity-linked note is a security whose performance is generally tied to a single stock, a stock index or a basket of stocks. For purposes of the Fund’s 80% policy described above, equity-linked notes are classified according to their underlying or referenced security or securities.


The Fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.


In carrying out the Fund’s investment strategies, the Adviser employs a fundamental, bottom-up equity investment process, which is based on first-hand research and disciplined company evaluation. Stocks are identified for their long-term, fundamental value based on quality and price. ESG (Environmental, Social and Governance) analysis is fully integrated into investment decisions for all equity holdings. As such, the Adviser evaluates ESG factors as part of the investment analysis process and this forms an integral component of the Adviser’s quality rating for all companies.

Principal Risks

The China A Fund cannot guarantee that it will achieve its investment objective.


As with any fund, the value of the Fund’s investments — and therefore, the value of Fund’s shares — may fluctuate. The following is an alphabetical list of the principal risks of investing in the Fund.


Cybersecurity RiskCybersecurity incidents may allow an unauthorized party to gain access to Fund assets, customer data (including private shareholder information), or proprietary information, or cause the Fund, the Adviser and/or its service providers (including, but not limited to, Fund accountants, custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data breaches, data corruption or lose operational functionality.


Emerging Markets Risk — A magnification of the risks that apply to foreign investments. These risks are greater for securities of companies in emerging markets countries because the countries may have less stable governments, more volatile currencies and less established markets (see “Foreign Securities Risk” below).


Equity-Linked Notes — The Fund may invest in equity-linked notes, which are generally subject to the same risks as the foreign equity securities or the basket of foreign securities they are linked to. If the linked security(ies) declines in value, the note may return a lower amount at maturity. The trading price of an equity-linked note also depends on the value of the linked security(ies).


Equity Securities Risk — The stock or other security of a company may not perform as well as expected, and may decrease in value, because of factors related to the company (such as poorer than expected earnings or certain management decisions) or to the industry in which the company is engaged (such as a reduction in the demand for products or services in a particular industry). Holders of common stock generally are subject to more risks than holders of preferred stock or debt securities because the right to repayment of common stockholders’ claims is subordinated to that of preferred stock and debt securities upon the bankruptcy of the issuer.


Exchange-Traded Fund Risk —To the extent that the Fund invests in ETFs, the Fund may be subject to, among other risks, tracking error risk and passive and, in some cases, active management investment risk. An active secondary market in ETF shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual market conditions or other reasons. There can be no assurance that an ETF’s shares will continue to be listed on an active exchange. In addition, Fund shareholders bear both their proportionate share of the Fund’s expenses and similar expenses incurred through the Fund’s ownership of the ETF.


Foreign Currency Exposure Risk —The value of foreign currencies relative to the U.S. Dollar fluctuates in response to market, economic, political, regulatory, geopolitical or other conditions. A decline in the value of a foreign currency versus the U.S. Dollar reduces the value in U.S. Dollars of investments denominated in that foreign currency. This risk may impact the Fund more greatly to the extent the Fund does not hedge its currency risk, or hedging techniques used by the Adviser are unsuccessful.


Foreign Securities Risk — The Fund’s investments in securities of foreign issuers or issuers with significant exposure to foreign markets involve additional risk. Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the Fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable or unsuccessful government actions, reduction of government or central bank support and political or financial instability. Lack of information may also affect the value of these securities. To the extent the Fund focuses its investments in a single country or only a few countries in a particular geographic region, economic, political, regulatory or other conditions affecting such country or region may have a greater impact on Fund performance relative to a more geographically diversified fund.


Asian Risk. Parts of the Asian region may be subject to a greater degree of economic, political and social instability than is the case in the United States and Europe. Some Asian countries can be characterized as emerging markets or newly industrialized and may experience more volatile economic cycles than developed countries. The developing nature of securities markets in many countries in the Asian region may lead to a lack of liquidity while some countries have restricted the flow of money in and out of the country. Some countries in Asia have historically experienced political uncertainty, corruption, military intervention and social unrest. The Fund may be more volatile than a fund which is broadly diversified geographically.


China Risk. Concentrating investments in China subjects the Fund to additional risks, and may make it significantly more volatile than geographically diverse mutual funds. Additional risks associated with investments in China include exposure to currency fluctuations, less liquidity, expropriation, confiscatory taxation, nationalization, exchange control regulations (including currency blockage), trading halts, imposition of tariffs, limitations on repatriation and differing legal standards.


China A Shares Risk. Trading in China A Shares through Stock Connect and the QFII Programs involves additional risks. Stock Connect is subject to a daily quota (the “Daily Quota”), which limits the maximum net purchases under Stock Connect each day and, as such, buy orders for China A Shares would be rejected once the Daily Quota is exceeded (although the Fund will be permitted to sell China A Shares regardless of the Daily Quota balance). Further, Stock Connect, which relies on the connectivity of the Shanghai or Shenzhen markets with Hong Kong, is subject to operational risk, regulations that are relatively untested and are subject to change, and extended market closures for holidays or otherwise. During an extended market closure, the Fund’s ability to trade in China A Shares will be impacted which may affect the Fund’s performance. The QFII Programs are subject to the risk that the Adviser may have its QFII Programs license revoked or restricted with respect to the Fund or the Fund may be impacted by the rules, restrictions and quota limitations connected to reliance on a QFII Programs license.


Illiquid Securities Risk — Illiquid securities are assets that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the asset. An inability to sell a portfolio position can adversely affect the Fund’s value or prevent the Fund from being able to take advantage of other investment opportunities. Illiquid securities and relatively less liquid securities may also be difficult to value.


The Adviser employs procedures and tests using third-party and internal data inputs that seek to assess and manage the liquidity of the Fund’s portfolio holdings. These procedures and tests take into account the Fund’s investment strategy and liquidity of portfolio investments during both normal and foreseeable stressed conditions, cash-flow projections during both normal and reasonable foreseeable stressed conditions, relevant market, trading and other factors, and monitor whether liquidity should be adjusted based on changed market conditions. These procedures and tests are designed to assist the Fund in determining its ability to meet redemption requests in various market conditions. In light of the dynamic nature of markets, there can be no assurance that these procedures and tests will enable the Fund to ensure that it has sufficient liquidity to meet redemption requests.


Impact of Large Redemptions and Purchases of Fund Shares — Occasionally, shareholders may make large redemptions or purchases of Fund shares, which may cause the Fund to have to sell securities or invest additional cash. These transactions may adversely affect the Fund’s performance and increase transaction costs. In addition, large redemption requests may exceed the cash balance of the Fund and result in credit line borrowing fees and/or overdraft charges to the Fund until the sales of portfolio securities necessary to cover the redemption request settle.


Issuer Risk — The value of a security may decline for reasons directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer’s goods or service.


Management Risk — The Fund is subject to the risk that the Adviser or Subadviser may make poor security selections. The Adviser, Subadviser and their portfolio managers apply their own investment techniques and risk analyses in making investment decisions for the Fund and there can be no guarantee that these decisions will achieve the desired results for the Fund. In addition, the Adviser or the Subadviser may select securities that underperform the relevant market or other funds with similar investment objectives and strategies.


Market Risk — Deteriorating market conditions might cause a general weakness in the market that reduces the prices, or yield, of securities in those markets in which the Fund invests.


Mid-Cap Securities Risk — Securities of medium-sized companies tend to be more volatile and less liquid than securities of larger companies.


Sector Risk — To the extent that the Fund has a significant portion of its assets invested in securities of companies conducting business in a broadly related group of industries within an economic sector, the Fund may be more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly.


Small-Cap Securities Risk — Securities of smaller companies are usually less stable in price and less liquid than those of larger, more established companies. Therefore, they generally involve greater risk.


Valuation Risk — The price the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation methodology or a price provided by an independent pricing service. As a result, the price received upon the sale of an investment may be less than the value ascribed by the Fund, and the Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. The Fund’s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.


If the value of the Fund’s investments decreases, you may lose money.


For additional information regarding the above identified risks, see “Fund Details: Additional Information about Investments, Investment Techniques and Risks” in the prospectus.

Performance

The bar chart and table below can help you evaluate potential risks of the China A Fund. The bar chart shows how the Fund’s annual total returns for Class A have varied from year to year. The returns in the bar chart do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown. Unlike the bar chart, the returns in the table reflect the maximum applicable sales charges. The table compares the Fund’s average annual total returns to the returns of the MSCI China A (Onshore) Index, a broad-based securities index. Effective May 1, 2019, the MSCI China A (Onshore) Index replaced the MSCI Zhong Hua Index as the Fund’s primary benchmark. The Adviser believes that the MSCI China A (Onshore) Index is a more meaningful comparison index given the Fund’s strategies, composition, and intention to increase its holdings in China A shares. Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future.  For updated performance information, please visit www.aberdeen-asset.us or call 866-667-9231.


The Fund changed its investment strategies effective June 13, 2019.  The performance information for periods in the table below does not reflect the Fund’s current investment strategies.  In connection with the change in investment strategies, the Fund changed its name from Aberdeen China Opportunities Fund to Aberdeen China A Share Equity Fund.


Excluding the effect of any fee waivers or reimbursements, this performance is substantially similar to what each individual class would have produced because all classes invest in the same portfolio of securities.  Returns would only differ to the extent of the differences in expenses between the two classes.

Annual Total Returns — Class A Shares (Years Ended Dec. 31)
Bar Chart

Highest Return: 42.99% - 2nd quarter 2009


Lowest Return: -18.85% - 3rd quarter 2011


Year-to-Date Return (March 31, 2019): 19.32%

Average Annual Total ReturnsAs of December 31, 2018

After-tax returns are shown in the following table for Class A shares only and will vary for other classes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax return depends on your personal tax situation and may differ from what is shown here. After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans.

Average Annual Returns - Aberdeen China A Share Equity Fund
Average Annual Returns, 1 Year
Average Annual Returns, 5 Years
Average Annual Returns, 10 Years
Class A (17.19%) 0.30% 7.28%
Class C (13.58%) 0.80% 7.15%
Class R (12.42%) 1.13% 7.57%
Institutional Class (11.87%) 1.79% 8.19%
Institutional Service Class (11.90%) 1.73% 8.19%
After Taxes on Distributions | Class A (17.25%) (0.11%) 6.86%
After Taxes on Distributions and Sale of Fund Shares | Class A [1] (10.18%) 0.04% 5.71%
MSCI China A (Onshore) Index (reflects no deduction for fees, expenses or taxes) (32.85%) 0.64% 5.22%
MSCI Zhong Hua Index (reflects no deduction for fees, expenses or taxes) (16.25%) 5.16% 9.62%
[1] Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for the one year period because they reflect the tax benefit of capital losses realized on the redemption of fund shares.
XML 11 R9.htm IDEA: XBRL DOCUMENT v3.19.2
Label Element Value
Aberdeen China A Share Equity Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Aberdeen China A Share Equity Fund
Objective [Heading] rr_ObjectiveHeading Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Aberdeen China A Share Equity Fund (formerly, Aberdeen China Opportunities Fund) (the “China A Fund” or the “Fund”) seeks long-term capital appreciation.

Expense [Heading] rr_ExpenseHeading Fees and Expenses of the Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay when you buy and hold shares of the China A Fund.  You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Aberdeen Funds. More information about these and other discounts is available from your financial advisor and in the “Reduction and Waiver of Class A Sales Charges” and “Broker-Defined Sales Charge Waiver Policies” sections on pages 26 and 47 of the Fund’s prospectus, respectively, and in the “Additional Information on Purchases and Sales — Waiver of Class A Sales Charges” and “Reduction of Sales Charges” sections on pages 83 and 85 of the Fund’s Statement of Additional Information, respectively. This table does not include the brokerage commissions that you may pay when purchasing or selling Institutional Class shares or Institutional Service Class shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Feb. 28, 2021
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The China A Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio).  A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account.  These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance.  During the most recent fiscal year, the Fund’s portfolio turnover rate was 26.13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 26.13%
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Aberdeen Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 50,000
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Management Fees have been restated to reflect a reduction in management fees effective June 13, 2019.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This Example is intended to help you compare the cost of investing in the China A Fund with the cost of investing in other mutual funds.


The Example assumes that you invest $10,000 in the China A Fund for the time periods indicated and then sell all of your shares at the end of those periods. It assumes a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption You would pay the following expenses on the same investment if you did not sell your shares.
Strategy [Heading] rr_StrategyHeading Principal Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

As a non-fundamental policy, under normal circumstances, the China A Fund invests at least 80% of the value of its net assets, plus any borrowings for investment purposes, in equity securities of mainland China-based companies that are denominated in Renminbi and listed on the Shenzhen and Shanghai stock exchanges (“China A Shares”). For the purposes of the Fund meeting its 80% investment policy, the Fund will include investments in exchange-traded  funds (“ETFs”) that have policies to invest 80% or more of their assets in China A Shares.


China A Shares are only available to non-mainland China investors like the Fund through the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs (collectively, “Stock Connect”) or the Qualified Foreign Institutional Investor and Renminbi Qualified Foreign Institutional Investor systems (collectively, the “QFII Programs”). Stock Connect and the QFII Programs are subject to regulatory changes and specified quota limitations. The Shanghai and Shenzhen stock exchanges may close for extended periods for holidays or otherwise, which impacts the Fund’s ability to trade in China A Shares during those periods.


The Fund may invest in securities denominated in U.S. Dollars and the currencies of the foreign countries in which it is permitted to invest.  The Fund typically has full currency exposure to those markets in which it invests.


The Fund may invest without limit in the equity securities of companies of any size, including small-cap and mid-cap companies. Equity securities include, but are not limited to, common stock, preferred stock and depositary receipts. The Fund also may invest in equity-linked notes. An equity-linked note is a security whose performance is generally tied to a single stock, a stock index or a basket of stocks. For purposes of the Fund’s 80% policy described above, equity-linked notes are classified according to their underlying or referenced security or securities.


The Fund may invest in securities of any market sector and may hold a significant amount of securities of companies, from time to time, within a single sector.


In carrying out the Fund’s investment strategies, the Adviser employs a fundamental, bottom-up equity investment process, which is based on first-hand research and disciplined company evaluation. Stocks are identified for their long-term, fundamental value based on quality and price. ESG (Environmental, Social and Governance) analysis is fully integrated into investment decisions for all equity holdings. As such, the Adviser evaluates ESG factors as part of the investment analysis process and this forms an integral component of the Adviser’s quality rating for all companies.

Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

The China A Fund cannot guarantee that it will achieve its investment objective.


As with any fund, the value of the Fund’s investments — and therefore, the value of Fund’s shares — may fluctuate. The following is an alphabetical list of the principal risks of investing in the Fund.


Cybersecurity RiskCybersecurity incidents may allow an unauthorized party to gain access to Fund assets, customer data (including private shareholder information), or proprietary information, or cause the Fund, the Adviser and/or its service providers (including, but not limited to, Fund accountants, custodians, sub-custodians, transfer agents and financial intermediaries) to suffer data breaches, data corruption or lose operational functionality.


Emerging Markets Risk — A magnification of the risks that apply to foreign investments. These risks are greater for securities of companies in emerging markets countries because the countries may have less stable governments, more volatile currencies and less established markets (see “Foreign Securities Risk” below).


Equity-Linked Notes — The Fund may invest in equity-linked notes, which are generally subject to the same risks as the foreign equity securities or the basket of foreign securities they are linked to. If the linked security(ies) declines in value, the note may return a lower amount at maturity. The trading price of an equity-linked note also depends on the value of the linked security(ies).


Equity Securities Risk — The stock or other security of a company may not perform as well as expected, and may decrease in value, because of factors related to the company (such as poorer than expected earnings or certain management decisions) or to the industry in which the company is engaged (such as a reduction in the demand for products or services in a particular industry). Holders of common stock generally are subject to more risks than holders of preferred stock or debt securities because the right to repayment of common stockholders’ claims is subordinated to that of preferred stock and debt securities upon the bankruptcy of the issuer.


Exchange-Traded Fund Risk —To the extent that the Fund invests in ETFs, the Fund may be subject to, among other risks, tracking error risk and passive and, in some cases, active management investment risk. An active secondary market in ETF shares may not develop or be maintained and may be halted or interrupted due to actions by its listing exchange, unusual market conditions or other reasons. There can be no assurance that an ETF’s shares will continue to be listed on an active exchange. In addition, Fund shareholders bear both their proportionate share of the Fund’s expenses and similar expenses incurred through the Fund’s ownership of the ETF.


Foreign Currency Exposure Risk —The value of foreign currencies relative to the U.S. Dollar fluctuates in response to market, economic, political, regulatory, geopolitical or other conditions. A decline in the value of a foreign currency versus the U.S. Dollar reduces the value in U.S. Dollars of investments denominated in that foreign currency. This risk may impact the Fund more greatly to the extent the Fund does not hedge its currency risk, or hedging techniques used by the Adviser are unsuccessful.


Foreign Securities Risk — The Fund’s investments in securities of foreign issuers or issuers with significant exposure to foreign markets involve additional risk. Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the Fund’s investments may decline because of factors affecting the particular issuer as well as foreign markets and issuers generally, such as unfavorable or unsuccessful government actions, reduction of government or central bank support and political or financial instability. Lack of information may also affect the value of these securities. To the extent the Fund focuses its investments in a single country or only a few countries in a particular geographic region, economic, political, regulatory or other conditions affecting such country or region may have a greater impact on Fund performance relative to a more geographically diversified fund.


Asian Risk. Parts of the Asian region may be subject to a greater degree of economic, political and social instability than is the case in the United States and Europe. Some Asian countries can be characterized as emerging markets or newly industrialized and may experience more volatile economic cycles than developed countries. The developing nature of securities markets in many countries in the Asian region may lead to a lack of liquidity while some countries have restricted the flow of money in and out of the country. Some countries in Asia have historically experienced political uncertainty, corruption, military intervention and social unrest. The Fund may be more volatile than a fund which is broadly diversified geographically.


China Risk. Concentrating investments in China subjects the Fund to additional risks, and may make it significantly more volatile than geographically diverse mutual funds. Additional risks associated with investments in China include exposure to currency fluctuations, less liquidity, expropriation, confiscatory taxation, nationalization, exchange control regulations (including currency blockage), trading halts, imposition of tariffs, limitations on repatriation and differing legal standards.


China A Shares Risk. Trading in China A Shares through Stock Connect and the QFII Programs involves additional risks. Stock Connect is subject to a daily quota (the “Daily Quota”), which limits the maximum net purchases under Stock Connect each day and, as such, buy orders for China A Shares would be rejected once the Daily Quota is exceeded (although the Fund will be permitted to sell China A Shares regardless of the Daily Quota balance). Further, Stock Connect, which relies on the connectivity of the Shanghai or Shenzhen markets with Hong Kong, is subject to operational risk, regulations that are relatively untested and are subject to change, and extended market closures for holidays or otherwise. During an extended market closure, the Fund’s ability to trade in China A Shares will be impacted which may affect the Fund’s performance. The QFII Programs are subject to the risk that the Adviser may have its QFII Programs license revoked or restricted with respect to the Fund or the Fund may be impacted by the rules, restrictions and quota limitations connected to reliance on a QFII Programs license.


Illiquid Securities Risk — Illiquid securities are assets that the Fund reasonably expects cannot be sold or disposed of in current market conditions in seven calendar days or less without the sale or disposition significantly changing the market value of the asset. An inability to sell a portfolio position can adversely affect the Fund’s value or prevent the Fund from being able to take advantage of other investment opportunities. Illiquid securities and relatively less liquid securities may also be difficult to value.


The Adviser employs procedures and tests using third-party and internal data inputs that seek to assess and manage the liquidity of the Fund’s portfolio holdings. These procedures and tests take into account the Fund’s investment strategy and liquidity of portfolio investments during both normal and foreseeable stressed conditions, cash-flow projections during both normal and reasonable foreseeable stressed conditions, relevant market, trading and other factors, and monitor whether liquidity should be adjusted based on changed market conditions. These procedures and tests are designed to assist the Fund in determining its ability to meet redemption requests in various market conditions. In light of the dynamic nature of markets, there can be no assurance that these procedures and tests will enable the Fund to ensure that it has sufficient liquidity to meet redemption requests.


Impact of Large Redemptions and Purchases of Fund Shares — Occasionally, shareholders may make large redemptions or purchases of Fund shares, which may cause the Fund to have to sell securities or invest additional cash. These transactions may adversely affect the Fund’s performance and increase transaction costs. In addition, large redemption requests may exceed the cash balance of the Fund and result in credit line borrowing fees and/or overdraft charges to the Fund until the sales of portfolio securities necessary to cover the redemption request settle.


Issuer Risk — The value of a security may decline for reasons directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer’s goods or service.


Management Risk — The Fund is subject to the risk that the Adviser or Subadviser may make poor security selections. The Adviser, Subadviser and their portfolio managers apply their own investment techniques and risk analyses in making investment decisions for the Fund and there can be no guarantee that these decisions will achieve the desired results for the Fund. In addition, the Adviser or the Subadviser may select securities that underperform the relevant market or other funds with similar investment objectives and strategies.


Market Risk — Deteriorating market conditions might cause a general weakness in the market that reduces the prices, or yield, of securities in those markets in which the Fund invests.


Mid-Cap Securities Risk — Securities of medium-sized companies tend to be more volatile and less liquid than securities of larger companies.


Sector Risk — To the extent that the Fund has a significant portion of its assets invested in securities of companies conducting business in a broadly related group of industries within an economic sector, the Fund may be more vulnerable to unfavorable developments in that economic sector than funds that invest more broadly.


Small-Cap Securities Risk — Securities of smaller companies are usually less stable in price and less liquid than those of larger, more established companies. Therefore, they generally involve greater risk.


Valuation Risk — The price the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund’s valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation methodology or a price provided by an independent pricing service. As a result, the price received upon the sale of an investment may be less than the value ascribed by the Fund, and the Fund could realize a greater than expected loss or lesser than expected gain upon the sale of the investment. The Fund’s ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.


If the value of the Fund’s investments decreases, you may lose money.


For additional information regarding the above identified risks, see “Fund Details: Additional Information about Investments, Investment Techniques and Risks” in the prospectus.

Risk Lose Money [Text] rr_RiskLoseMoney If the value of the Fund’s investments decreases, you may lose money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The bar chart and table below can help you evaluate potential risks of the China A Fund. The bar chart shows how the Fund’s annual total returns for Class A have varied from year to year. The returns in the bar chart do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown. Unlike the bar chart, the returns in the table reflect the maximum applicable sales charges. The table compares the Fund’s average annual total returns to the returns of the MSCI China A (Onshore) Index, a broad-based securities index. Effective May 1, 2019, the MSCI China A (Onshore) Index replaced the MSCI Zhong Hua Index as the Fund’s primary benchmark. The Adviser believes that the MSCI China A (Onshore) Index is a more meaningful comparison index given the Fund’s strategies, composition, and intention to increase its holdings in China A shares. Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future.  For updated performance information, please visit www.aberdeen-asset.us or call 866-667-9231.


The Fund changed its investment strategies effective June 13, 2019.  The performance information for periods in the table below does not reflect the Fund’s current investment strategies.  In connection with the change in investment strategies, the Fund changed its name from Aberdeen China Opportunities Fund to Aberdeen China A Share Equity Fund.


Excluding the effect of any fee waivers or reimbursements, this performance is substantially similar to what each individual class would have produced because all classes invest in the same portfolio of securities.  Returns would only differ to the extent of the differences in expenses between the two classes.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below can help you evaluate potential risks of the China A Fund.
Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 866-667-9231
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.aberdeen-asset.us
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Remember, however, that past performance (before and after taxes) is not necessarily indicative of how the Fund will perform in the future.
Bar Chart [Heading] rr_BarChartHeading Annual Total Returns — Class A Shares (Years Ended Dec. 31)
Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads The returns in the bar chart do not reflect the impact of sales charges. If the applicable sales charges were included, the annual total returns would be lower than those shown.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Highest Return: 42.99% - 2nd quarter 2009


Lowest Return: -18.85% - 3rd quarter 2011


Year-to-Date Return (March 31, 2019): 19.32%

Year to Date Return, Label rr_YearToDateReturnLabel Year-to-Date Return
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Mar. 31, 2019
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 19.32%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Highest Return:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 42.99%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Lowest Return:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (18.85%)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads Unlike the bar chart, the returns in the table reflect the maximum applicable sales charges.
Performance Table Market Index Changed rr_PerformanceTableMarketIndexChanged Effective May 1, 2019, the MSCI China A (Onshore) Index replaced the MSCI Zhong Hua Index as the Fund’s primary benchmark. The Adviser believes that the MSCI China A (Onshore) Index is a more meaningful comparison index given the Fund’s strategies, composition, and intention to increase its holdings in China A shares.
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Your actual after-tax return depends on your personal tax situation and may differ from what is shown here. After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown in the following table for Class A shares only and will vary for other classes.
Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for the one year period because they reflect the tax benefit of capital losses realized on the redemption of fund shares.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

After-tax returns are shown in the following table for Class A shares only and will vary for other classes. After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax return depends on your personal tax situation and may differ from what is shown here. After-tax returns are not relevant to investors in tax-deferred arrangements, such as individual retirement accounts, 401(k) plans or certain other employer-sponsored retirement plans.

Caption rr_AverageAnnualReturnCaption Average Annual Total ReturnsAs of December 31, 2018
Aberdeen China A Share Equity Fund | MSCI China A (Onshore) Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (32.85%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.64%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.22%
Aberdeen China A Share Equity Fund | MSCI Zhong Hua Index (reflects no deduction for fees, expenses or taxes)  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (16.25%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 5.16%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 9.62%
Aberdeen China A Share Equity Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) imposed upon purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [1]
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.29%) [2]
Small Account Fee rr_MaximumAccountFee $ 20 [3]
Management Fees rr_ManagementFeesOverAssets 0.85% [4]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 1.51%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.64% [5]
Total Annual Fund Operating Expenses After Fee Limitations/Expense Reimbursements rr_NetExpensesOverAssets 1.35%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock Unless you are otherwise eligible to purchase Class A shares without a sales charge, a contingent deferred sales charge (CDSC) of up to 1.00% will be charged on Class A shares redeemed within 18 months of purchase if you paid no sales charge on the original purchase and a finder’s fee was paid.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 705
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 1,233
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,786
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,287
Annual Return 2009 rr_AnnualReturn2009 61.72%
Annual Return 2010 rr_AnnualReturn2010 27.94%
Annual Return 2011 rr_AnnualReturn2011 (15.31%)
Annual Return 2012 rr_AnnualReturn2012 18.81%
Annual Return 2013 rr_AnnualReturn2013 (4.51%)
Annual Return 2014 rr_AnnualReturn2014 (1.99%)
Annual Return 2015 rr_AnnualReturn2015 (7.47%)
Annual Return 2016 rr_AnnualReturn2016 0.49%
Annual Return 2017 rr_AnnualReturn2017 34.51%
Annual Return 2018 rr_AnnualReturn2018 (12.13%)
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (17.19%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.30%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.28%
Aberdeen China A Share Equity Fund | Class A | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (17.25%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 (0.11%)
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 6.86%
Aberdeen China A Share Equity Fund | Class A | After Taxes on Distributions and Sale of Fund Shares  
Risk/Return: rr_RiskReturnAbstract  
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (10.18%) [6]
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.04% [6]
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 5.71% [6]
Aberdeen China A Share Equity Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) imposed upon purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [7]
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.42%) [2]
Small Account Fee rr_MaximumAccountFee $ 20 [3]
Management Fees rr_ManagementFeesOverAssets 0.85% [4]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 1.56%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.44% [5]
Total Annual Fund Operating Expenses After Fee Limitations/Expense Reimbursements rr_NetExpensesOverAssets 2.02%
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock If you redeem your Class C shares within the first year after you purchase them you must pay a CDSC of 1%; however, the CDSC shall not apply to the purchases of Class C shares where the selling broker-dealer was not paid a commission at the time of purchase.
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 305
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 925
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,667
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 3,626
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 205
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 925
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,667
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,626
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (13.58%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 0.80%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.15%
Aberdeen China A Share Equity Fund | Class R  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) imposed upon purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.29%) [2]
Small Account Fee rr_MaximumAccountFee none [3]
Management Fees rr_ManagementFeesOverAssets 0.85% [4]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 1.58%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.96% [5]
Total Annual Fund Operating Expenses After Fee Limitations/Expense Reimbursements rr_NetExpensesOverAssets 1.67%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 170
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 794
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,444
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 3,189
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (12.42%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.13%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 7.57%
Aberdeen China A Share Equity Fund | Institutional Class  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) imposed upon purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.39%) [2]
Small Account Fee rr_MaximumAccountFee $ 20 [3]
Management Fees rr_ManagementFeesOverAssets 0.85% [4]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.53%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.41% [5]
Total Annual Fund Operating Expenses After Fee Limitations/Expense Reimbursements rr_NetExpensesOverAssets 1.02%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 104
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 618
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,160
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,640
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (11.87%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.79%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.19%
Aberdeen China A Share Equity Fund | Institutional Service Class  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (Load) imposed upon purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as a percentage of offering or sale price, whichever is less) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Redemption Fee (as a percentage of Amount Redeemed) rr_RedemptionFeeOverRedemption (1.29%) [2]
Small Account Fee rr_MaximumAccountFee $ 20 [3]
Management Fees rr_ManagementFeesOverAssets 0.85% [4]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 1.53%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.41% [5]
Total Annual Fund Operating Expenses After Fee Limitations/Expense Reimbursements rr_NetExpensesOverAssets 1.12%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 114
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 628
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,169
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 $ 2,648
Average Annual Returns, 1 Year rr_AverageAnnualReturnYear01 (11.90%)
Average Annual Returns, 5 Years rr_AverageAnnualReturnYear05 1.73%
Average Annual Returns, 10 Years rr_AverageAnnualReturnYear10 8.19%
[1] Unless you are otherwise eligible to purchase Class A shares without a sales charge, a contingent deferred sales charge (CDSC) of up to 1.00% will be charged on Class A shares redeemed within 18 months of purchase if you paid no sales charge on the original purchase and a finder's fee was paid.
[2] Acquired fund fees and expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other mutual funds, including money market funds and exchange traded funds. Acquired fund fees and expenses have been restated to reflect current fees.
[3] Accounts with balances below $1,000 are generally subject to a $5 quarterly fee (with an annual maximum of $20 per account). Shares from such accounts are redeemed each quarter to cover the fee, which is returned to the Fund to offset small account expenses. Under some circumstances, the Fund may waive the quarterly fee. See the Statement of Additional Information for information about the circumstances under which this fee will not be assessed.
[4] Management Fees have been restated to reflect a reduction in management fees effective June 13, 2019.
[5] Aberdeen Funds (the "Trust") and Aberdeen Standard Investments Inc. (formerly known as Aberdeen Asset Management Inc.) (the "Adviser") have entered into a written contract limiting operating expenses to 0.99% for all classes of the Fund. This contractual limitation may not be terminated before February 28, 2021 without the approval of the Independent Trustees. This limit excludes certain expenses, including any taxes, interest, brokerage fees, short-sale dividend expenses, Acquired Fund Fees and Expenses, Rule 12b-1 fees, administrative services fees, transfer agent out-of-pocket expenses for Class A Shares, Class R Shares and Institutional Service Class Shares and extraordinary expenses. The Trust is authorized to reimburse the Adviser for management fees previously limited and/or for expenses previously paid by the Adviser, provided, however, that any reimbursements must be paid at a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses and the reimbursements do not cause a Class to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser.
[6] Returns after taxes on distributions and sale of fund shares are higher than returns before taxes for the one year period because they reflect the tax benefit of capital losses realized on the redemption of fund shares.
[7] If you redeem your Class C shares within the first year after you purchase them you must pay a CDSC of 1%; however, the CDSC shall not apply to the purchases of Class C shares where the selling broker-dealer was not paid a commission at the time of purchase.
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