09/20/2024 | Press release | Distributed by Public on 09/20/2024 14:28
abrdn Funds
(the "Trust")
abrdn U.S. Sustainable Leaders Fund
abrdn Global Equity Impact Fund
(each, a "Fund" and collectively, the "Funds")
Supplement dated September 20, 2024 to each Fund's Statutory Prospectus and Statement of
Additional Information, each dated February 29, 2024, as supplemented to date
(the "Prospectus" and "SAI," respectively)
As a result of a transition of responsibilities among portfolio management teams, Jamie Mills O'Brien will no longer be primarily responsible for day-to-day management of the abrdn U.S. Sustainable Leaders Fund. All references to Mr. O'Brien in the Prospectus and SAI are deleted effective immediately.
Accordingly, effective immediately, the following replaces the Portfolio Managers table for the abrdn U.S. Sustainable Leaders Fund in the section entitled, "Summary - abrdn U.S. Sustainable Leaders Fund - Portfolio Managers" on page 68 of the Prospectus:
Name | Title |
Served on the Fund Since |
||
Chris Haimendorf, CFA® | Senior Investment Director | 2020 | ||
Joanna McIntyre, CFA® | Investment Director | 2023 |
Additionally, Chris Haimendorf, Blair Couper and Catriona Macnair have joined the portfolio management team primarily responsible for day-to-day management of the abrdn Global Equity Impact Fund. Accordingly, effective immediately, the following replaces the Portfolio Managers table for the abrdn Global Equity Impact Fund in the section entitled, "Summary - abrdn Global Equity Impact Fund - Portfolio Managers" on page 111 of the Prospectus:
Name | Title |
Served on the Fund Since |
||
Sarah Norris | Head of ESG - Equities | 2019* | ||
Chris Haimendorf, CFA® | Senior Investment Director | 2024 | ||
Blair Couper, CFA® | Investment Director | 2024 | ||
Catriona Macnair, CFA® | Investment Director | 2024 |
* Includes service to Predecessor Fund.
Effective immediately, the following information is added to the section entitled, "Fund Management - Portfolio Management" starting on page 152 of the Prospectus:
Portfolio Manager | Funds |
Blair Couper, CFA®, Investment Director |
abrdn Global Equity Impact Fund |
Catriona Macnair, CFA®, Investment Director Catriona Macnair is an Investment Director on abrdn's Global Emerging Markets Equity team. Catriona joined the company in 2008 and has more than 14 years' experience investing in Emerging Markets. Catriona completed the Oxford Impact Investing Programme (2023) with Saïd Business School, University of Oxford. Catriona graduated from the University of Bristol with a BSc in Economics and is a CFA Charterholder. During her time with abrdn she has completed secondments in both São Paulo and Singapore. |
abrdn Global Equity Impact Fund |
Effective immediately, the following information is added to the table in the section entitled, "Investment Advisory and Other Services - Portfolio Managers" beginning on page 97 of the SAI:
Portfolio Manager | Portfolio Managed |
Dollar Range of Portfolio Shares Owned |
Chris Haimendorf | Global Equity Impact Fund | None* |
Blair Couper | Global Equity Impact Fund | None* |
Catriona Macnair | Global Equity Impact Fund | None* |
* As of August 30, 2024
Effective immediately, the following information is added to the table in Appendix A of the SAI under "Other Managed Accounts" beginning on page 154 of the SAI:
Name of Portfolio Manager | Number of Other Accounts Managed by Each Portfolio Manager and Total Assets (in millions) by Category (as of October 31, 2023) |
Blair Couper* Global Equity Impact Fund |
Registered Investment Companies: 5 accounts, $1,579.56 total assets Other Accounts: 9 accounts, $3,269.01 total assets |
Catriona Macnair* Global Equity Impact Fund |
Registered Investment Companies: 9 accounts, $3,949.31 total assets Other Pooled Investment Vehicles: 16 accounts, $6,367.81 total assets Other Accounts: 16 accounts, $7,086.52 total assets |
* The information for Blair Couper and Catriona Macnair is as of March 31, 2024.
Please retain this Supplement for future reference