# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001410368-25-042517
**Filing Date:** 2025-12
**Character Count:** 22417
**Document Hash:** 5aa3fba3d4c658ad1619dc770abb7cab
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-042517.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001410368-25-042517

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** abrdn Funds
- **CENTRAL INDEX KEY:** 0001413594

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22132
- **FILM NUMBER:** 251601098

**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:** Aberdeen Funds
- **DATE OF NAME CHANGE:** 20070926

## Series and Classes Contracts Data

### abrdn Global Infrastructure Fund (Series ID: S000061518)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000199211 | Class A             | AIAFX           |
| C000199212 | Institutional Class | AIFRX           |

## 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 Funds

- **b. Investment Company Act file number:** 811-22132

- **c. CIK number of Registrant:** 0001413594

- **d. LEI of Registrant:** 549300U001OCRSJJXY43

- **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 Global Infrastructure Fund

- **b. EDGAR series identifier (if any):** S000061518

- **c. LEI of Series:** 2549003OIFOSYQA5PX10

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $45737360.94

**Total Liabilities:** $1332670.95

**Net Assets:** $44404689.99

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199211 | 0.93%                | 2.18%                | -0.46%               |
| Class ID C000199212 | 0.97%                | 2.20%                | -0.45%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $88264.56                | $286954.29                                 |
| Month 2  | $147058.83               | $801601.97                                 |
| Month 3  | $173135.84               | $-354378.89                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Electric Power Co Inc                     | American Electric Power Co Inc                     | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      6300 | NS      | $757638.00    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                                | American Tower Corp                                | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      5400 | NS      | $966492.00    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                            | SSE PLC                                            | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     31977 | NS      | $805589.70    | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| CMS Energy Corp                                    | CMS Energy Corp                                    | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     13400 | NS      | $985570.00    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                   | Canadian Pacific Kansas City Ltd                   | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     12600 | NS      | $906570.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                             | CenterPoint Energy Inc                             | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     30700 | NS      | $1173968.00   | 2.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                | Cheniere Energy Inc                                | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5600 | NS      | $1187200.00   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                | Clearway Energy Inc                                | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     26200 | NS      | $836566.00    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                                      | CoreCivic Inc                                      | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     38300 | NS      | $709699.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                   | Crown Castle Inc                                   | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      9200 | NS      | $830024.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Promotora y Operadora de Infraestructura SAB de CV | Promotora y Operadora de Infraestructura SAB de CV | CUSIP: 000000000<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |     51400 | NS      | $664020.99    | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV          | Grupo Aeroportuario del Sureste SAB de CV          | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |      7400 | NS      | $223905.91    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp                                   | Duke Energy Corp                                   | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      3838 | NS      | $477063.40    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                               | Dycom Industries Inc                               | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      1200 | NS      | $345348.00    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                       | Enbridge Inc                                       | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     30800 | NS      | $1436184.09   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                   | FirstEnergy Corp                                   | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     20400 | NS      | $934932.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| GDS Holdings Ltd                                   | GDS Holdings Ltd                                   | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     11600 | NS      | $414120.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                            | Veolia Environnement SA                            | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     28800 | NS      | $951756.53    | 2.14%             |  |  |  | No            |                  2 | On Loan: No      |
| IDACORP Inc                                        | IDACORP Inc                                        | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      4800 | NS      | $619296.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| RWE AG                                             | RWE AG                                             | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     27873 | NS      | $1372202.17   | 3.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                  | Kinder Morgan Inc                                  | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     48300 | NS      | $1264977.00   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Loma Negra Cia Industrial Argentina SA             | Loma Negra Cia Industrial Argentina SA             | CUSIP: 54150E104<br>LEI: 529900VKOQQJ8U9DDK92 | Long             | EC               | CORP              | AR        |     60000 | NS      | $658200.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| MDU Resources Group Inc                            | MDU Resources Group Inc                            | CUSIP: 552690109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13583 | NS      | $260521.94    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| National Grid PLC                                  | National Grid PLC                                  | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |      8200 | NS      | $617050.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| International Container Terminal Services Inc      | International Container Terminal Services Inc      | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    127810 | NS      | $1152767.49   | 2.60%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airport Terminal Co Ltd                      | Japan Airport Terminal Co Ltd                      | CUSIP: 000000000<br>LEI: 353800W9WEQSGUY2EO26 | Long             | EC               | CORP              | JP        |     27400 | NS      | $851357.08    | 1.92%             |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc                                 | NextEra Energy Inc                                 | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     18300 | NS      | $1489620.00   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                             | XPLR Infrastructure LP                             | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     30300 | NS      | $298758.00    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                              | Norfolk Southern Corp                              | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      4679 | NS      | $1325935.02   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                                    | TXNM Energy Inc                                    | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     16700 | NS      | $948560.00    | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                           | PPL Corp                                           | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     32800 | NS      | $1197856.00   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                           | Enel SpA                                           | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     64180 | NS      | $649229.29    | 1.46%             |  |  |  | No            |                  2 | On Loan: No      |
| Union Pacific Corp                                 | Union Pacific Corp                                 | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      4000 | NS      | $881480.00    | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                               | Waste Management Inc                               | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2200 | NS      | $439494.00    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                               | Williams Cos Inc/The                               | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     22157 | NS      | $1282225.59   | 2.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA               | Infrastrutture Wireless Italiane SpA               | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |     57300 | NS      | $629632.80    | 1.42%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Airports of Thailand PCL                           | Airports of Thailand PCL                           | CUSIP: 000000000<br>LEI: 5299006VS4CU6LW0TY22 | Long             | EC               | CORP              | TH        |    262100 | NS      | $334275.31    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Ferrovial SE                                       | Ferrovial SE                                       | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     24595 | NS      | $1509255.86   | 3.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Motiva Infraestrutura de Mobilidade SA             | Motiva Infraestrutura de Mobilidade SA             | CUSIP: 000000000<br>LEI: 254900H4EUL83CCQ6781 | Long             | EC               | CORP              | BR        |    316000 | NS      | $932737.29    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                                        | Aena SME SA                                        | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |     48390 | NS      | $1314328.93   | 2.96%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Engie SA                                           | Engie SA                                           | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     38000 | NS      | $889692.17    | 2.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Eiffage SA                                         | Eiffage SA                                         | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |      8300 | NS      | $1021312.89   | 2.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV     | Grupo Aeroportuario del Centro Norte SAB de CV     | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     35000 | NS      | $431337.30    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Vinci SA                                           | Vinci SA                                           | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      8100 | NS      | $1083101.62   | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Getlink SE                                         | Getlink SE                                         | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |     51600 | NS      | $941866.09    | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| EDP Renovaveis SA                                  | EDP Renovaveis SA                                  | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |     55206 | NS      | $807149.72    | 1.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Aurizon Holdings Ltd                               | Aurizon Holdings Ltd                               | CUSIP: 000000000<br>LEI: 5299005PC1O6NOWL3H48 | Long             | EC               | CORP              | AU        |    205500 | NS      | $461037.71    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Sarana Menara Nusantara Tbk PT                     | Sarana Menara Nusantara Tbk PT                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |  11461500 | NS      | $375617.41    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Towers PLC                                  | Helios Towers PLC                                  | CUSIP: 000000000<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    592200 | NS      | $1164578.03   | 2.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                 | Cellnex Telecom SA                                 | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     32900 | NS      | $1024234.09   | 2.31%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Rumo SA                                            | Rumo SA                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    347400 | NS      | $1028003.61   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| IHS Holding Ltd                                    | IHS Holding Ltd                                    | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | EC               | CORP              | KY        |    100500 | NS      | $688425.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp America Airports SA                           | Corp America Airports SA                           | CUSIP: 000000000<br>LEI: 959800AWF26KMY2SXF71 | Long             | EC               | CORP              | LU        |     19200 | NS      | $425472.00    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer