abrdn Funds

(the “Trust”)

 

abrdn EM SMA Completion Fund

(the “Fund”)

 

Supplement dated May 23, 2022 to the Fund’s Statutory Prospectus,

dated May 9, 2022, as supplemented to date (the “Prospectus”)

 

William Scholes, Investment Director, will be leaving abrdn on August 3, 2022 (the “Effective Date”). All references to William Scholes in the Prospectus will be deleted on the Effective Date.

 

On the Effective Date, the following will replace the Portfolio Managers table for the Fund in the section entitled, “Summary — abrdn EM SMA Completion Fund — Portfolio Managers” on page 3 of the Prospectus:

 

Name

 

Title

 

Served on the
Fund Since

Devan Kaloo

 

Global Head of Public Markets

 

Inception

Joanne Irvine

 

Deputy Head of Global Emerging Markets

 

Inception

Gabriel Sacks, CFA®

 

Investment Director

 

Inception

Nick Robinson, CFA®

 

Senior Investment Director

 

Inception

Kristy Fong, CFA®

 

Senior Investment Director

 

Inception

 

On the Effective Date, the following will be added to the information for the Fund in the section entitled, “Fund Management — Portfolio Management” starting on page 10 of the Prospectus:

 

Portfolio Manager

 

Gabriel Sacks, CFA®, Investment Director

 

Gabriel Sacks is an Investment Director on the Asian equities team. Gabriel joined the company in 2008 on the Global Emerging Markets equity team in London before moving to Singapore in 2018. Gabriel graduated with an MA (Hons) in Land Economy from Selwyn College, Cambridge University and is a CFA Charterholder.

 

Nick Robinson, CFA®, Senior Investment Director

 

Nick Robinson is a Senior Investment Director on the Global Emerging Markets Equity team at abrdn. Nick joined the company in 2000 and spent eight years on the North American Equities team, including three years based in the US offices. In 2008 he joined the Global Emerging Markets Equity team. Nick relocated to São Paulo in 2009 to start Aberdeen’s operations in Brazil. In 2016 he returned to London. Nick graduated with an MSc in Chemistry from Lincoln College, Oxford and is a CFA charterholder.

 

Please retain this Supplement for future reference

 

 

abrdn Funds

(the “Trust”)

 

abrdn EM SMA Completion Fund

(the “Fund”)

 

Supplement dated May 23, 2022 to the Fund’s Statement of Additional Information,

dated May 9, 2022, as supplemented to date (the “SAI”)

 

William Scholes, Investment Director, will be leaving abrdn on August 3, 2022 (the “Effective Date”). All references to William Scholes in the SAI will be deleted on the Effective Date.

 

On the Effective Date, the following will replace the table in the section entitled “Investment Advisory and Other Services — Portfolio Managers” beginning on page 39 of the SAI:

 

Portfolio Manager

 

Dollar Range of Fund
Shares Owned

Devan Kaloo

 

None

Joanne Irvine

 

None

Gabriel Sacks

 

None

Nick Robinson

 

None

Kristy Fong

 

None

 

On the Effective Date, the following will replace the table in Appendix A of the SAI under “OTHER MANAGED ACCOUNTS” beginning on page A-1:

 

Name of Portfolio Manager

 

Number of Other Accounts Managed by Each Portfolio Manager
and Total Assets (in millions) by Category (as of March 31, 2022)

Devan Kaloo

 

Registered Investment Companies: 9 accounts, $6,555.79 total assets
Other Pooled Investment Vehicles: 17 accounts, $7,519.58 total assets
Other Accounts: 16 accounts, $5,224.51 total assets (4 accounts, $1,676.99 total assets of which the advisory fee is based on performance)

Joanne Irvine

 

Registered Investment Companies: 9 accounts, $6,555.79 total assets
Other Pooled Investment Vehicles: 17 accounts, $7,519.58 total assets
Other Accounts: 16 accounts, $5,224.51 total assets (4 accounts, $1,676.99 total assets of which the advisory fee is based on performance)

Gabriel Sacks

 

Registered Investment Companies: 9 accounts, $6,555.79 total assets
Other Pooled Investment Vehicles: 17 accounts, $7,519.58 total assets
Other Accounts: 16 accounts, $5,224.51 total assets (4 accounts, $1,676.99 total assets of which the advisory fee is based on performance)

Nick Robinson

 

Registered Investment Companies: 9 accounts, $6,555.79 total assets
Other Pooled Investment Vehicles: 17 accounts, $7,519.58 total assets
Other Accounts: 16 accounts, $5,224.51 total assets (4 accounts, $1,676.99 total assets of which the advisory fee is based on performance)

Kristy Fong

 

Registered Investment Companies: 14 accounts, $7,599.63 total assets
Other Pooled Investment Vehicles: 72 accounts, $28,969.59 total assets
Other Accounts: 64 accounts, $19,166.37 total assets (13 accounts, $6,052.09 total assets of which the advisory fee is based on performance)

 

Please retain this Supplement for future reference.