Exhibit 99.(h)(5)(a)
AMENDMENT TO SUB-ADMINISTRATION AGREEMENT
THIS AMENDMENT, dated as of September [ ], 2025, by and between State Street Trust and Bank Company, a Massachusetts trust company (“Sub-Administrator”); abrdn Inc. (the “Administrator”), the administrator to each registered management investment company identified on Schedule A; and abrdn Inc., the investment adviser for each Fund (the “Amendment”), is made and entered into effective as of October 20, 2025 by and between each abrdn management investment company identified on Schedule A hereto (each, a “Fund” and collectively, the “Funds”), and the Sub-Administrator.
WITNESSETH:
WHEREAS, each Fund and the Sub-Administrator are parties to that certain Sub-Administration Agreement dated as of December 29, 2020 (as amended, modified or supplemented from time to time, the “Agreement”); and
WHEREAS, each Fund and the Sub-Administrator desire to amend and supplement the Agreement upon the following terms and conditions.
NOW THEREFORE, for and in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each Fund and the Sub-Administrator hereby agree that the Agreement is amended and supplemented as follows:
1. Schedule A. Schedule A to the Agreement is hereby amended and restated, as attached hereto, to reflect additional funds.
2. Annex I is hereby deleted in its entirety and replaced with the Annex I attached hereto.
3. Miscellaneous. Except as amended hereby, the Agreement shall remain in full force and effect. This Amendment may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the parties hereby adopt as original any signatures received via electronically transmitted form.
[Remainder of Page Intentionally Left Blank]
Information Classification: Confidential
IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their duly authorized officers to be effective as of the date first above written.
EACH OF THE ENTITIES SET FORTH ON | ||
SCHEDULE A HERETO | ||
By: | ||
Name: Lucia Sitar | ||
Title: Vice President | ||
STATE STREET BANK AND TRUST COMPANY | ||
By: | ||
Name: | ||
Title: |
Information Classification: Confidential
schedule A
to
Sub-Administration Agreement
abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF
• abrdn Industrial Metals Fund Limited
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
• abrdn All Commodity Longer Dated Fund Limited
abrdn Bloomberg All Commodity Strategy K-1 Free ETF
• abrdn All Commodity Dated Fund Limited
abrdn Funds
abrdn Focused U.S. Small Cap Active ETF
abrdn Emerging Markets Dividend Active ETF
abrdn International Small Cap Active ETF
abrdn Ultra Short Municipal Income Active ETF
Information Classification: Confidential
ANNEX I
ABRDN Inc.
Further to the Sub-Administration Agreement dated as of December 29, 2020 between abrdn Inc. (formerly, Aberdeen Standard Investments Inc.) (the “Administrator”) and State Street Bank and Trust Company (the “Sub-Administrator”), the Administrator and the Sub-Administrator mutually agree to update this Annex 1 by adding/removing Funds, as applicable:
Form N-PORT Services and Quarterly Portfolio of Investments Services |
|
Standard N-PORT Reporting | |
abrdn ETFs abrdn Bloomberg Industrial Metals Strategy K-1 Free ETF • abrdn Industrial Metals Fund Limited
abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF • abrdn All Commodity Longer Dated Fund Limited
abrdn Bloomberg All Commodity Strategy K-1 Free ETF • abrdn All Commodity Dated Fund Limited
abrdn Funds abrdn Focused U.S. Small Cap Active ETF abrdn Emerging Markets Dividend Active ETF
|
Standard |
Form N-CEN Services |
abrdn ETFs |
Information Classification: Confidential
IN WITNESS WHEREOF, the undersigned, by their authorized representatives, have executed this Annex 1 as of the last signature date set forth below.
abrdn Inc. | STATE STREET BANK AND TRUST COMPANY | |||
By: | By: | |||
Name: | Name: | |||
Title: | Title: | |||
Address: | Address: | |||
Date: | Date: |
Information Classification: Confidential