# EDGAR Filing Document

**Accession Number:** 0000846676
**File Stem:** 0001410368-25-001790
**Filing Date:** 2025-8
**Character Count:** 30081
**Document Hash:** cac8a5bbb80517b44bf9aa76edc3304c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-001790.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001410368-25-001790

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** abrdn Emerging Markets ex-China Fund, Inc.
- **CENTRAL INDEX KEY:** 0000846676

**ORGANIZATION NAME:**
- **EIN:** 222990009
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05770
- **FILM NUMBER:** 251273905

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215-405-5700

**MAIL ADDRESS:**
- **STREET 1:** 1900 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABRDN EMERGING MARKETS EQUITY INCOME FUND, INC.
- **DATE OF NAME CHANGE:** 20220630

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEEN EMERGING MARKETS EQUITY INCOME FUND, INC.
- **DATE OF NAME CHANGE:** 20180501

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEEN CHILE FUND, INC.
- **DATE OF NAME CHANGE:** 20100407

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** abrdn Emerging Markets ex-China Fund, Inc.

- **b. Investment Company Act file number:** 811-05770

- **c. CIK number of Registrant:** 0000846676

- **d. LEI of Registrant:** 549300MSYUW07RYUZD27

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1900 Market Street

  - **City:** PHILADELPHIA

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19103

  - **Telephone number:** 215-405-5700

**Item A.2. Information about the Series.**

- **a. Name of Series:** abrdn Emerging Markets ex-China Fund, Inc.

- **c. LEI of Series:** 549300KR7BCWAQBKVZ78

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $304034934.07

**Total Liabilities:** $35073750.67

**Net Assets:** $268961183.40

**Cash Not Reported:** $76804.55

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 4.23%                | 4.64%                | 12.56%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1871480.53             | $9992416.67                                |
| Month 2  | $-929463.02              | $13920716.16                               |
| Month 3  | $2745266.58              | $19060081.75                               |

### Schedule of Portfolio Investments

| Name                                                | Title                                                      | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Info Edge India Ltd                                 | Info Edge India Ltd                                        | CUSIP: 000000000<br>LEI: 335800MXUVHTBF9DEC78 | Long             | EC               | CORP              | IN        |    137930 | NS      | $2386158.11   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Cholamandalam Investment and Finance Co Ltd         | Cholamandalam Investment and Finance Co Ltd                | CUSIP: 000000000<br>LEI: 3358008DNPV45O4EII52 | Long             | EC               | CORP              | IN        |    201691 | NS      | $3831881.97   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| TELESOFT PARTNERS II QP                             | TELESOFT PARTNERS II QP                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   2400000 | NS      | $23808.00     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| Grupo Mexico SAB de CV                              | Grupo Mexico SAB de CV                                     | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    607186 | NS      | $3664569.51   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV      | Grupo Aeroportuario del Centro Norte SAB de CV             | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     39371 | NS      | $4153640.50   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                                 | Larsen & Toubro Ltd                                        | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     90842 | NS      | $3889416.38   | 1.45%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                     | ASML Holding NV                                            | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      3046 | NS      | $2440872.37   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                         | Abu Dhabi Islamic Bank PJSC                                | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    873756 | NS      | $5115642.25   | 1.90%             |  |  |  | No            |                  2 | On Loan: No      |
| BPA ISRAEL VENTURES LLC                             | BPA ISRAEL VENTURES LLC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IL        |   3349175 | NS      | $12559.41     | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Southern Copper Corp                                | Southern Copper Corp                                       | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |     37453 | NS      | $3789120.01   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Central Cooling Systems Corp               | Emirates Central Cooling Systems Corp                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   6247345 | NS      | $2823774.08   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                 | NAC Kazatomprom JSC                                        | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |    108418 | NS      | $4683657.60   | 1.74%             |  |  |  | Yes           |                  1 | On Loan: No      |
| 360 ONE WAM Ltd                                     | 360 ONE WAM Ltd                                            | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |    146591 | NS      | $2034745.91   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Havells India Ltd                                   | Havells India Ltd                                          | CUSIP: 000000000<br>LEI: 549300U1LOGHTTNT7D47 | Long             | EC               | CORP              | IN        |    113369 | NS      | $2052800.23   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Tata Consultancy Services Ltd                       | Tata Consultancy Services Ltd                              | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |    120771 | NS      | $4873971.16   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Torrent Pharmaceuticals Ltd                         | Torrent Pharmaceuticals Ltd                                | CUSIP: 000000000<br>LEI: 335800NA6HK275RIJE13 | Long             | EC               | CORP              | IN        |     73414 | NS      | $2920790.85   | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Capstone Copper Corp                                | Capstone Copper Corp                                       | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |    243837 | NS      | $1496954.15   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Cholamandalam Financial Holdings Ltd                | Cholamandalam Financial Holdings Ltd                       | CUSIP: 000000000<br>LEI: 335800WAHI1O38BILX22 | Long             | EC               | CORP              | IN        |     98380 | NS      | $2490941.60   | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                     | Telkom Indonesia Persero Tbk PT                            | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |  23505300 | NS      | $4021323.38   | 1.50%             |  |  |  | No            |                  2 | On Loan: No      |
| Coca-Cola Icecek AS                                 | Coca-Cola Icecek AS                                        | CUSIP: 000000000<br>LEI: 789000WT80VVLUWJDK41 | Long             | EC               | CORP              | TR        |   1024066 | NS      | $1266272.50   | 0.47%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                        | MediaTek Inc                                               | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     84000 | NS      | $3599287.28   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                          | National Bank of Greece SA                                 | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    262638 | NS      | $3348831.57   | 1.25%             |  |  |  | No            |                  2 | On Loan: No      |
| ITC Ltd                                             | ITC Ltd                                                    | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |   1236111 | NS      | $6000954.93   | 2.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Godrej Properties Ltd                               | Godrej Properties Ltd                                      | CUSIP: 000000000<br>LEI: 335800KM3Y5NZWXOE183 | Long             | EC               | CORP              | IN        |    126142 | NS      | $3443153.34   | 1.28%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                       | HDFC Bank Ltd                                              | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    294583 | NS      | $6872020.96   | 2.56%             |  |  |  | No            |                  2 | On Loan: No      |
| Zabka Group SA                                      | Zabka Group SA                                             | CUSIP: 000000000<br>LEI: 549300TU2RZ35E4ET914 | Long             | EC               | CORP              | LU        |    326972 | NS      | $1965232.67   | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd        | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |     20672 | NS      | $5582283.39   | 2.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                        | Power Grid Corp of India Ltd                               | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |   1234087 | NS      | $4302527.80   | 1.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                      | Chroma ATE Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    424000 | NS      | $6419722.86   | 2.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                          | Sanlam Ltd                                                 | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |    480020 | NS      | $2404201.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Localiza Rent a Car SA                              | Localiza Rent a Car SA                                     | CUSIP: 000000000<br>LEI: 984500C442A7E0CD4D11 | Long             | EC               | CORP              | BR        |    398420 | NS      | $2971411.97   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                           | Itausa SA                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |   2503509 | NS      | $5045632.06   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Biologics Co Ltd                            | Samsung Biologics Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      2821 | NS      | $2070099.43   | 0.77%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung E&A Co Ltd                                  | Samsung E&A Co Ltd                                         | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |    180580 | NS      | $2948181.31   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                      | Shinhan Financial Group Co Ltd                             | CUSIP: 000000000<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |    114980 | NS      | $5212827.68   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Bharti Airtel Ltd                                   | Bharti Airtel Ltd                                          | CUSIP: 000000000<br>LEI: 335800KQ1FPKOQ84OR26 | Long             | EC               | CORP              | IN        |    248652 | NS      | $5826801.74   | 2.17%             |  |  |  | No            |                  2 | On Loan: No      |
| Makalot Industrial Co Ltd                           | Makalot Industrial Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    278000 | NS      | $2249054.91   | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                             | Mahindra & Mahindra Ltd                                    | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |    136543 | NS      | $5061088.87   | 1.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                               | Aldar Properties PJSC                                      | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |   1490583 | NS      | $3622111.82   | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| Riyadh Cables Group Co                              | Riyadh Cables Group Co                                     | CUSIP: 000000000<br>LEI: 558600VWEJBGFYTZ1S78 | Long             | EC               | CORP              | SA        |     50209 | NS      | $1893219.07   | 0.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                | Fomento Economico Mexicano SAB de CV                       | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |     23372 | NS      | $2406848.56   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Hyundai Electric Co Ltd                          | HD Hyundai Electric Co Ltd                                 | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |      7413 | NS      | $2779037.18   | 1.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co Ltd                           | Poya International Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     75000 | NS      | $1289185.13   | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Negara Indonesia Persero Tbk PT                | Bank Negara Indonesia Persero Tbk PT                       | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | EC               | CORP              | ID        |  20293400 | NS      | $5150534.32   | 1.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Talabat Holding PLC                                 | Talabat Holding PLC                                        | CUSIP: 000000000<br>LEI: 529900MAA20AIKRXOA24 | Long             | EC               | CORP              | AE        |   3285625 | NS      | $1197965.75   | 0.45%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                               | Delta Electronics Inc                                      | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |    253000 | NS      | $3580189.75   | 1.33%             |  |  |  | No            |                  2 | On Loan: No      |
| EMERGING MARKETS VENTURES LP                        | EMERGING MARKETS VENTURES LP                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |  11723413 | NS      | $8323.62      | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| State Street Global Advisors                        | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   3613678 | NS      | $3613677.94   | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                              | Accton Technology Corp                                     | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |    141000 | NS      | $3524119.26   | 1.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&T Corp                                    | Samsung C&T Corp                                           | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |     34319 | NS      | $4090239.51   | 1.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sberbank of Russia PJSC                             | Sberbank of Russia PJSC                                    | CUSIP: 000000000<br>LEI: 549300WE6TAF5EEWQS81 | Long             | EC               | CORP              | RU        |    730234 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Kaspi.KZ JSC                                        | Kaspi.KZ JSC                                               | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |     40450 | NS      | $3433800.50   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Novatek PJSC                                        | Novatek PJSC                                               | CUSIP: 000000000<br>LEI: 2138008R6GCRVBDFA581 | Long             | EC               | CORP              | RU        |     20251 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SK Hynix Inc                                        | SK Hynix Inc                                               | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     36370 | NS      | $7837063.87   | 2.91%             |  |  |  | No            |                  2 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                      | NU Holdings Ltd/Cayman Islands                             | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |    321598 | NS      | $4412324.56   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                    | Raia Drogasil SA                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |   1031964 | NS      | $2871895.54   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Indian Hotels Co Ltd/The                            | Indian Hotels Co Ltd/The                                   | CUSIP: 000000000<br>LEI: 33580076CH5SBY5HWA22 | Long             | EC               | CORP              | IN        |    469621 | NS      | $4162765.36   | 1.55%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                       | Al Rajhi Bank                                              | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |    243141 | NS      | $6132708.85   | 2.28%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                                            | FPT Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |   1478460 | NS      | $6688954.90   | 2.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SBI Life Insurance Co Ltd                           | SBI Life Insurance Co Ltd                                  | CUSIP: 000000000<br>LEI: 335800WMVIESQUO95586 | Long             | EC               | CORP              | IN        |    245432 | NS      | $5248624.65   | 1.95%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd           | Taiwan Semiconductor Manufacturing Co Ltd                  | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |   1311000 | NS      | $47942413.71  | 17.83%            |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd                                | UltraTech Cement Ltd                                       | CUSIP: 000000000<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |     18733 | NS      | $2640543.98   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| JB Chemicals & Pharmaceuticals Ltd                  | JB Chemicals & Pharmaceuticals Ltd                         | CUSIP: 000000000<br>LEI: 335800EZQUJ9BB5YBV04 | Long             | EC               | CORP              | IN        |     71730 | NS      | $1402563.81   | 0.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                       | Credicorp Ltd                                              | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      4743 | NS      | $1060155.36   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| KEI Industries Ltd                                  | KEI Industries Ltd                                         | CUSIP: 000000000<br>LEI: 335800UDWBC2AWPU7M56 | Long             | EC               | CORP              | IN        |     32953 | NS      | $1461589.86   | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| MercadoLibre Inc                                    | MercadoLibre Inc                                           | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |      1569 | NS      | $4100785.47   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                      | ICICI Bank Ltd                                             | CUSIP: 000000000<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |    591972 | NS      | $10026317.04  | 3.73%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                           | InPost SA                                                  | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |    209917 | NS      | $3493377.30   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi Tadawul Group Holding Co                      | Saudi Tadawul Group Holding Co                             | CUSIP: 000000000<br>LEI: 894500BXFAWZK686TP37 | Long             | EC               | CORP              | SA        |     50278 | NS      | $2365662.79   | 0.88%             |  |  |  | No            |                  2 | On Loan: No      |
| Leejam Sports Co JSC                                | Leejam Sports Co JSC                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SA        |     30319 | NS      | $1048266.42   | 0.39%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA/Brazil                                      | PRIO SA/Brazil                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    487161 | NS      | $3801812.30   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi Arabian Oil Co                                | Saudi Arabian Oil Co                                       | CUSIP: 000000000<br>LEI: 5586006WD91QHB7J4X50 | Long             | EC               | CORP              | SA        |    387608 | NS      | $2513218.23   | 0.93%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                          | Samsung Electronics Co Ltd                                 | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    385482 | NS      | $14141371.04  | 5.26%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-25

**Name of Applicant:** abrdn Emerging Markets ex-China Fund, Inc.

**Signature:** Sharon Ferrari

**Name of Signer:** Sharon Ferrari

**Title:** Assistant Treasurer