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Aberdeen Total Return Bond Fund
 
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Supplement [Text Block] ck0000887210_SupplementTextBlock

Aberdeen Select International Equity Fund (formerly known as the Artio International Equity Fund)


Aberdeen Select International Equity Fund II (formerly known as the Artio International Equity Fund II)


Aberdeen Total Return Bond Fund (formerly known as the Artio Total Return Bond Fund)


Aberdeen Global High Income Fund (formerly known as the Artio Global High Income Fund)


Aberdeen Global Select Opportunities Fund Inc. (formerly known as the Artio Global Select Opportunities Fund Inc.)


Supplement dated May 22, 2013 to the prospectus dated March 1, 2013


The supplement indicates the changes to the Fund's registration statement following a (i) new investment advisory agreement between the Artio Global Funds and Aberdeen Asset Management Inc. and (ii) a new sub-advisory agreement between Artio International Equity Fund, Artio International Equity Fund II, Artio Select Opportunities Fund Inc., and Aberdeen Asset Managers Limited. In addition, the Fund Boards approved a new distribution agreement with Aberdeen Fund Distributors LLC.


INVESTORS SHOULD RETAIN THIS SUPPLEMENT WITH


THE PROSPECTUS FOR FUTURE REFERENCE.



The Artio Global Funds have been renamed and all references to the former fund names refer to the new fund name, as detailed in the table below. The Fund abbreviations used in this document are also indicated in the table below.


Former Fund Name

New Fund Name

Fund Abbreviation Used

Artio International Equity Fund

Aberdeen Select International Equity Fund

International Equity Fund

Artio International Equity Fund II

Aberdeen Select International Equity Fund II

International Equity Fund II

Artio Total Return Bond Fund

Aberdeen Total Return Bond Fund

Total Return Bond Fund

Artio Global High Income Fund

Aberdeen Global High Income Fund

Global High Income Fund

Artio Select Opportunities Fund Inc.

Aberdeen Global Select Opportunities Fund Inc.

Global Select Opportunities Fund


The Artio Emerging Markets Local Debt Fund was liquidated on April 19, 2013. Any and all references to the Artio Emerging Markets Local Debt Fund are removed.


Aberdeen Asset Management Inc. replaced Artio Global Management LLC as the Investment Adviser for the Funds. All references to Artio Global as the Adviser are replaced with references to Aberdeen Asset Management Inc.


Aberdeen Fund Distributors LLC replaced Quasar Distributors LLC as the principal underwriter for the Fund. All references to Quasar Distributors LLC is replaced with references to Aberdeen Fund Distributors LLC.


Fund Summaries Changes (pages 2-62)


Certain headings in the "Fund Summaries" section have been renamed as indicated below:


Former Heading

New Heading

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Shareholder Fees (Fees Paid Directly From Your Investment)

Expense Example

Example

Principal Investment Strategies

Principal Strategies

Principal Investment Risks

Principal Risks

Fund Management

Investment Adviser

Purchase and Redemption of Fund Shares

Purchase and Sale of Fund Shares

Payments to Brokers and Other Financial Intermediaries

Payments to Brokers-Dealers and Other Financial Intermediaries


Updated performance information for each Fund will be available at each Fund's website, as indicated below:


Fund

Website

International Equity Fund

www.aberdeen-asset.us/SelectInternational

International Equity Fund II

www.aberdeen-asset.us/SelectInternationalII

Total Return Bond Fund

www.aberdeen-asset.us/TotalReturn

Global High Income Fund

www.aberdeen-asset.us/GlobalHighIncome

Global Select Opportunities Fund Inc.

www.aberdeen-asset.us/GlobalSelectOpportunities

Risk/Return [Heading] rr_RiskReturnHeading Aberdeen Total Return Bond Fund
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The following paragraph is added to the beginning of the Performance section on page 28 for the Total Return Bond Fund and page 38 for the Global High Income Fund:


Effective May 22, 2013, Aberdeen Asset Management Inc. (the “Adviser”) was appointed as the investment adviser to the Fund; however, the portfolio management team from Artio Global Management LLC, the predecessor adviser to the Fund, is employed by the Adviser as of that date and continues to manage the Fund.