# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001752724-25-137931
**Filing Date:** 2025-6
**Character Count:** 32133
**Document Hash:** 08501f860d3348ffce0d3d83c9f89a99
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-137931.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-137931

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**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:** 251045357

**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 Emerging Markets Dividend Active ETF (Series ID: S000088603)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000254923 | abrdn Emerging Markets Dividend Active ETF |  |

## 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 Emerging Markets Dividend Active ETF

- **b. EDGAR series identifier (if any):** S000088603

- **c. LEI of Series:** 213800SKU9GX8TWAEI73

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

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

- **b. Date as of which information is reported:** 2025-04-30

**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:** $71324276.21

**Total Liabilities:** $467198.19

**Net Assets:** $70857078.02

**Cash Not Reported:** $2892.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254923 | 0.34%                | -0.03%               | 1.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-7857286.85             | $1883022.97                                |
| Month 2  | $2298.27                 | $-98568.14                                 |
| Month 3  | $163379.85               | $761939.82                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Vodacom Group Ltd                                    | Vodacom Group Ltd                                    | CUSIP: 000000000<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |     81634 | NS      | $601022.85    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| NetEase Inc                                          | NetEase Inc                                          | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     15621 | NS      | $1672384.26   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd               | Contemporary Amperex Technology Co Ltd               | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     19300 | NS      | $615182.85    | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Mexico SAB de CV                               | Grupo Mexico SAB de CV                               | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    439821 | NS      | $2282256.19   | 3.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuliangye Yibin Co Ltd                               | Wuliangye Yibin Co Ltd                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     60300 | NS      | $1068542.44   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| PDD Holdings Inc                                     | PDD Holdings Inc                                     | CUSIP: 722304102<br>LEI: 5493000573DS7005T657 | Long             | EC               | CORP              | KY        |      3794 | NS      | $400532.58    | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Sporton International Inc                            | Sporton International Inc                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     50000 | NS      | $261857.86    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International PLC - Foreign Co | Americana Restaurants International PLC - Foreign Co | CUSIP: 000000000<br>LEI: 549300EYHRPEZ6UVAM64 | Long             | EC               | CORP              | AE        |    441023 | NS      | $270157.43    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                              | Mahindra & Mahindra Ltd                              | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |      2279 | NS      | $78169.70     | 0.11%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Lion Finance Group PLC                               | Lion Finance Group PLC                               | CUSIP: 000000000<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     15940 | NS      | $1274594.99   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Fu Shou Yuan International Group Ltd                 | Fu Shou Yuan International Group Ltd                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    647000 | NS      | $293651.04    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                 | Tencent Holdings Ltd                                 | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |     80413 | NS      | $4910017.78   | 6.93%             |  |  |  | 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        |     23552 | NS      | $743736.62    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                  | NAC Kazatomprom JSC                                  | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |      2740 | NS      | $91242.00     | 0.13%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Geopark Ltd                                          | Geopark Ltd                                          | CUSIP: 000000000<br>LEI: 529900ZR5QI19AH4KZ07 | Long             | EC               | CORP              | BM        |     17284 | NS      | $116148.48    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Telekom Malaysia Bhd                                 | Telekom Malaysia Bhd                                 | CUSIP: 000000000<br>LEI: 254900SNFPTSDGGVEK77 | Long             | EC               | CORP              | MY        |    338800 | NS      | $533914.25    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| DWS MONEY MARKET INSTL ICAXX                         | DWS MONEY MARKET INSTL ICAXX                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     15226 | NS      | $15225.88     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                      | Telkom Indonesia Persero Tbk PT                      | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   7375000 | NS      | $1172891.57   | 1.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Alibaba Group Holding Ltd                            | Alibaba Group Holding Ltd                            | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     17803 | NS      | $2126212.29   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                         | MediaTek Inc                                         | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     52000 | NS      | $2194916.05   | 3.10%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                           | National Bank of Greece SA                           | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |     87278 | NS      | $918924.98    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                 | Bank Rakyat Indonesia Persero Tbk PT                 | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |   4565500 | NS      | $1058865.96   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Alchip Technologies Ltd                              | Alchip Technologies Ltd                              | CUSIP: 000000000<br>LEI: 529900HKE9RIY07SLX84 | Long             | EC               | CORP              | KY        |      3000 | NS      | $199324.64    | 0.28%             |  |  |  | No            |                  1 | 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        |     57142 | NS      | $628779.08    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                          | Infosys Ltd                                          | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     79963 | NS      | $1407348.80   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland India Trust                               | Capitaland India Trust                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   1208600 | NS      | $902216.52    | 1.27%             |  |  |  | No            |                  1 | 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        |      4996 | NS      | $955970.45    | 1.35%             |  |  |  | No            |                  2 | On Loan: No      |
| SITC International Holdings Co Ltd                   | SITC International Holdings Co Ltd                   | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | KY        |    207000 | NS      | $572508.90    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                       | Chroma ATE Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    101000 | NS      | $923693.84    | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA                               | Petroleo Brasileiro SA                               | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |     94091 | NS      | $993600.96    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc                                          | Li Auto Inc                                          | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |     26354 | NS      | $642774.06    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Sanlam Ltd                                           | Sanlam Ltd                                           | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |    128041 | NS      | $581652.55    | 0.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                         | Techtronic Industries Co Ltd                         | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |     21000 | NS      | $212285.32    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| National Central Cooling Co PJSC                     | National Central Cooling Co PJSC                     | CUSIP: 000000000<br>LEI: 254900E7M1Y3DXGQ1283 | Long             | EC               | CORP              | AE        |    257813 | NS      | $184951.81    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                          | Bank Mandiri Persero Tbk PT                          | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |   3560700 | NS      | $1048905.00   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Yifeng Pharmacy Chain Co Ltd                         | Yifeng Pharmacy Chain Co Ltd                         | CUSIP: 000000000<br>LEI: 300300CZZIF44N1EZO06 | Long             | EC               | CORP              | CN        |    103900 | NS      | $406284.08    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| ANTA Sports Products Ltd                             | ANTA Sports Products Ltd                             | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |     96350 | NS      | $1142320.71   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Zhongsheng Group Holdings Ltd                        | Zhongsheng Group Holdings Ltd                        | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | EC               | CORP              | KY        |    164000 | NS      | $247831.24    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung E&A Co Ltd                                   | Samsung E&A Co Ltd                                   | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |     30030 | NS      | $406456.00    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                   | Grupo Financiero Banorte SAB de CV                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    164605 | NS      | $1411403.62   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Telecommunications Infrastructure Fund       | Digital Telecommunications Infrastructure Fund       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   1054900 | NS      | $258948.66    | 0.37%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                                   | Midea Group Co Ltd                                   | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |     64000 | NS      | $606942.08    | 0.86%             |  |  |  | No            |                  2 | On Loan: No      |
| Air Astana JSC                                       | Air Astana JSC                                       | CUSIP: 009063207<br>LEI: 2549000TO500ZGSE7T26 | Long             | EC               | CORP              | KZ        |     26443 | NS      | $148080.80    | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Autohome Inc                                         | Autohome Inc                                         | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | KY        |     11149 | NS      | $304144.72    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldar Properties PJSC                                | Aldar Properties PJSC                                | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    224812 | NS      | $505559.99    | 0.71%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                       | Shinhan Financial Group Co Ltd                       | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |      7784 | NS      | $280068.32    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI India ETF                               | iShares MSCI India ETF                               | CUSIP: 46429B598<br>LEI: 549300282VMCFH7S5848 | Long             | EC               | RF                | US        |     49173 | NS      | $2634197.61   | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Yageo Corp                                           | Yageo Corp                                           | CUSIP: 000000000<br>LEI: 5493001P0TOZH7GGNQ21 | Long             | EC               | CORP              | TW        |     21870 | NS      | $313864.55    | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Ning Co Ltd                                       | Li Ning Co Ltd                                       | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |    372500 | NS      | $706038.22    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                  | NAC Kazatomprom JSC                                  | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     16031 | NS      | $533832.30    | 0.75%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Budweiser Brewing Co APAC Ltd                        | Budweiser Brewing Co APAC Ltd                        | CUSIP: 000000000<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | KY        |    956004 | NS      | $1013248.86   | 1.43%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd              | Ping An Insurance Group Co of China Ltd              | CUSIP: 72341E304<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |     47822 | NS      | $571951.12    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Hangzhou Robam Appliances Co Ltd                     | Hangzhou Robam Appliances Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    119000 | NS      | $320651.81    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Delta Electronics Inc                                | Delta Electronics Inc                                | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     27000 | NS      | $281540.19    | 0.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                             | Itau Unibanco Holding SA                             | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |     75595 | NS      | $477004.45    | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corp                                         | Silergy Corp                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     12000 | NS      | $150079.73    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ADNOC Drilling Co PJSC                               | ADNOC Drilling Co PJSC                               | CUSIP: 000000000<br>LEI: 254900JPRSQL1PM0JV19 | Long             | EC               | CORP              | AE        |    225097 | NS      | $300288.67    | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                           | JD.com Inc                                           | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     10990 | NS      | $358493.80    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                          | B3 SA - Brasil Bolsa Balcao                          | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    138528 | NS      | $329285.17    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                                 | Telefonica Brasil SA                                 | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |    115657 | NS      | $1123029.47   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                               | Accton Technology Corp                               | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     28000 | NS      | $520026.26    | 0.73%             |  |  |  | No            |                  2 | On Loan: No      |
| AEM Holdings Ltd                                     | AEM Holdings Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |    141737 | NS      | $128052.72    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp                                     | Samsung C&T Corp                                     | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |      3624 | NS      | $312048.96    | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Asian Terminals Inc                                  | Asian Terminals Inc                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   1394500 | NS      | $524295.05    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                         | Kaspi.KZ JSC                                         | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      6357 | NS      | $558716.73    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| SK Hynix Inc                                         | SK Hynix Inc                                         | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |      8142 | NS      | $1016676.05   | 1.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                              | Mahindra & Mahindra Ltd                              | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     16265 | NS      | $557889.50    | 0.79%             |  |  |  | Yes           |                  1 | On Loan: No      |
| DWS MONEY MARKET INSTL ICAXX                         | DWS MONEY MARKET INSTL ICAXX                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    486344 | NS      | $486344.38    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd            | Taiwan Semiconductor Manufacturing Co Ltd            | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    220000 | NS      | $6245818.09   | 8.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Saudi National Bank/The                              | Saudi National Bank/The                              | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |     76087 | NS      | $724164.78    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                        | Credicorp Ltd                                        | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      3435 | NS      | $694522.65    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                                      | Sands China Ltd                                      | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |    409290 | NS      | $737773.25    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                       | ICICI Bank Ltd                                       | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     63808 | NS      | $2141396.48   | 3.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Odontoprev SA                                        | Odontoprev SA                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    170562 | NS      | $320978.68    | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co Ltd      | Shenzhen Mindray Bio-Medical Electronics Co Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     12400 | NS      | $375032.22    | 0.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co Ltd                            | Sinbon Electronics Co Ltd                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     24000 | NS      | $165838.10    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| HDFC Bank Ltd                                        | HDFC Bank Ltd                                        | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |     56271 | NS      | $4090338.99   | 5.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                           | Samsung Electronics Co Ltd                           | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    113440 | NS      | $3738771.72   | 5.28%             |  |  |  | No            |                  2 | On Loan: No      |
| China Construction Bank Corp                         | China Construction Bank Corp                         | CUSIP: 000000000<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    492000 | NS      | $404734.64    | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| AIA Group Ltd                                        | AIA Group Ltd                                        | CUSIP: 001317205<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     18222 | NS      | $542833.38    | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-16

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer