X0101 EFFECT 33 LIVE 2015-10-22 09:00:00

N-14

0001413594 Aberdeen Funds 333-206942 0001413594 Aberdeen Funds S000051428 Aberdeen Multi-Manager Alternative Strategies Fund C000162030 Institutional Class Shares 0001547625 Arden Investment Series Trust S000037639 Arden Alternative Strategies Fund C000116093 Class I Shares 0001413594 Aberdeen Funds S000051429 Aberdeen Multi-Manager Alternative Strategies Fund II C000162031 Institutional Class Shares 0001547625 Arden Investment Series Trust S000040927 Arden Alternative Strategies II C000126940 Class I Shares 0001413594 Aberdeen Funds S000051429 Aberdeen Multi-Manager Alternative Strategies Fund II C000162032 Class A Shares 0001547625 Arden Investment Series Trust S000040927 Arden Alternative Strategies II C000130366 Class A Shares 0001413594 Aberdeen Funds S000051429 Aberdeen Multi-Manager Alternative Strategies Fund II C000162032 Class A Shares 0001547625 Arden Investment Series Trust S000040927 Arden Alternative Strategies II C000130369 Advisor Class Shares 0001413594 Aberdeen Funds S000051429 Aberdeen Multi-Manager Alternative Strategies Fund II C000162033 Class C Shares 0001547625 Arden Investment Series Trust S000040927 Arden Alternative Strategies II C000130367 Class C Shares 0001413594 Aberdeen Funds S000051429 Aberdeen Multi-Manager Alternative Strategies Fund II C000162034 Class R Shares 0001547625 Arden Investment Series Trust S000040927 Arden Alternative Strategies II C000130368 Class R Shares