# EDGAR Filing Document

**Accession Number:** 0000884121
**File Stem:** 0001410368-25-032525
**Filing Date:** 2025-11
**Character Count:** 54948
**Document Hash:** f8cb6e4df8e1dc7ddc883d9b4723416f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-032525.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001410368-25-032525

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** abrdn Life Sciences Investors
- **CENTRAL INDEX KEY:** 0000884121

**ORGANIZATION NAME:**
- **EIN:** 043147016
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06565
- **FILM NUMBER:** 251529427

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 6177728515

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** TEKLA LIFE SCIENCES INVESTORS
- **DATE OF NAME CHANGE:** 20141015

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** H&Q LIFE SCIENCES INVESTORS
- **DATE OF NAME CHANGE:** 19920929

## 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 Life Sciences Investors

- **b. Investment Company Act file number:** 811-06565

- **c. CIK number of Registrant:** 0000884121

- **d. LEI of Registrant:** 5493007BYZPSOVVS0M04

- **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 Life Sciences Investors

- **c. LEI of Series:** 5493007BYZPSOVVS0M04

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $514364338.02

**Total Liabilities:** $1163353.96

**Net Assets:** $513200984.06

**Cash Not Reported:** $0.73

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 2.50%                | 9.44%                | 11.18%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1854738.08              | $13693813.16                               |
| Month 2  | $-10082046.10            | $37788721.92                               |
| Month 3  | $6192846.41              | $61462351.64                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Ionis Pharmaceuticals Inc           | Ionis Pharmaceuticals Inc                                    | CUSIP: 462222100<br>LEI: 549300SI4ZGLG0BLUZ92 | Long             | EC               | CORP              | US        |     43865 | NS      | $2869648.30   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| TScan Therapeutics Inc              | TScan Therapeutics Inc                                       | CUSIP: 89854M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    765801 | NS      | $1393757.82   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Shattuck Labs Inc                   | Shattuck Labs Inc                                            | CUSIP: 82024L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     94504 | NS      | $225864.56    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR BIOTECHNOLOGIES               | ARBOR BIOTECHNOLOGIES                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     38624 | NS      | $639999.68    | 0.12%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Options Clearing Corp.              | ASCENDIS PHARMA A/S                                          | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | DK        |       -33 | NC      | $-11121.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Arrowhead Pharmaceuticals Inc       | Arrowhead Pharmaceuticals Inc                                | CUSIP: 04280A100<br>LEI: 549300O3CSB8T7OZ3D66 | Long             | EC               | CORP              | US        |    213011 | NS      | $7346749.39   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.              | GRAIL INC                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -100 | NC      | $-103700.00   | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Rhythm Pharmaceuticals Inc          | Rhythm Pharmaceuticals Inc                                   | CUSIP: 76243J105<br>LEI: 529900JPNWXQ8DPLA551 | Long             | EC               | CORP              | US        |     11667 | NS      | $1178250.33   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Alnylam Pharmaceuticals Inc         | Alnylam Pharmaceuticals Inc                                  | CUSIP: 02043Q107<br>LEI: 529900S3ZI14OWRJII50 | Long             | EC               | CORP              | US        |     33645 | NS      | $15342120.00  | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| BioNTech SE                         | BioNTech SE                                                  | CUSIP: 09075V102<br>LEI: 894500UZJ5LG1F8J1U58 | Long             | EC               | CORP              | DE        |     78339 | NS      | $7725792.18   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Newamsterdam Pharma Co NV           | Newamsterdam Pharma Co NV                                    | CUSIP: 000000000<br>LEI: 984500B6549TF6E14D36 | Long             | EC               | CORP              | NL        |    125731 | NS      | $3575789.64   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vertex Pharmaceuticals Inc          | Vertex Pharmaceuticals Inc                                   | CUSIP: 92532F100<br>LEI: 54930015RAQRRZ5ZGJ91 | Long             | EC               | CORP              | US        |     43829 | NS      | $17165189.56  | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| INVETX MILESTONE INTEREST           | INVETX MILESTONE INTEREST                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     13999 | NS      | $1455577.55   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Mereo Biopharma Group PLC           | Mereo Biopharma Group PLC                                    | CUSIP: 589492107<br>LEI: 213800U8JQHIJOS5AS09 | Long             | EC               | CORP              | GB        |   2076408 | NS      | $4277400.48   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Caribou Biosciences Inc             | Caribou Biosciences Inc                                      | CUSIP: 142038108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1388905 | NS      | $3236148.65   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| ABCURO INC.                         | ABCURO INC.                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     51403 | NS      | $310407.30    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| HOTSPOT THERAPEUTICS, INC.          | HOTSPOT THERAPEUTICS, INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    284119 | NS      | $920801.27    | 0.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tenaya Therapeutics Inc             | Tenaya Therapeutics Inc                                      | CUSIP: 87990A106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    600700 | NS      | $973134.00    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| INCENDIA THERAPEUTICS, INC.         | INCENDIA THERAPEUTICS, INC.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    257586 | PA      | $257585.68    | 0.05%             | 2026-09-09      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| Merus NV                            | Merus NV                                                     | CUSIP: 000000000<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |     51779 | NS      | $4874992.85   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| ARKUDA THERAPEUTICS, INC.           | ARKUDA THERAPEUTICS, INC.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    447566 | NS      | $160720.95    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Options Clearing Corp.              | BIONTECH SE                                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | DE        |       -65 | NC      | $-6500.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| ARKUDA THERAPEUTICS,INC SER A.      | ARKUDA THERAPEUTICS,INC SER A.                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1008829 | NS      | $406658.97    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CURASEN THERAPEUTICS CONV PN        | CURASEN THERAPEUTICS CONV PN                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    441083 | PA      | $441082.94    | 0.09%             | 2026-03-31      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| Options Clearing Corp.              | ARGENX SE                                                    | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | NL        |       -12 | NC      | $-10380.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.              | CIDARA THERAPEUTICS INC                                      | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -86 | NC      | $-163830.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Dyne Therapeutics Inc               | Dyne Therapeutics Inc                                        | CUSIP: 26818M108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    556733 | NS      | $7042672.45   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA CHINOOK THERAPE              | CONTRA CHINOOK THERAPE                                       | CUSIP: 169CVR016<br>LEI: 549300X0O3003W5QYQ48 | N/A              | DE               |  | US        |     59063 | NS      | $18900.16     | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GRAIL Inc                           | GRAIL Inc                                                    | CUSIP: 384747101<br>LEI: 2549009XSNESW3VE8024 | Long             | EC               | CORP              | US        |     87974 | NS      | $5201902.62   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc         | BioMarin Pharmaceutical Inc                                  | CUSIP: 09061G101<br>LEI: NSLL8ITTRR0J5HEMR848 | Long             | EC               | CORP              | US        |    225446 | NS      | $12210155.36  | 2.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Geron Corp                          | Geron Corp                                                   | CUSIP: 374163103<br>LEI: 549300T282D7Z2YESL90 | Long             | EC               | CORP              | US        |   1902788 | NS      | $2606819.56   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| IO LIGHT HOLDINIGS, INC.            | IO LIGHT HOLDINIGS, INC.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    421634 | NS      | $42.16        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CRYSTALYS THERAPEUTICS SER A        | CRYSTALYS THERAPEUTICS SER A                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1020512 | NS      | $1022399.95   | 0.20%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Oruka Therapeutics Inc              | Oruka Therapeutics Inc                                       | CUSIP: 687604108<br>LEI: 529900TG7O4ESUDMGI54 | Long             | EC               | CORP              | US        |     75680 | NS      | $1455326.40   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| AMOLYT MILESTONE                    | AMOLYT MILESTONE                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      6849 | NS      | $1078584.62   | 0.21%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Tectonic Therapeutic Inc            | Tectonic Therapeutic Inc                                     | CUSIP: 878972108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    115501 | NS      | $1812210.69   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Adaptive Biotechnologies Corp       | Adaptive Biotechnologies Corp                                | CUSIP: 00650F109<br>LEI: 549300ZTF7OT1FW66Q96 | Long             | EC               | CORP              | US        |    411686 | NS      | $6158822.56   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Travere Therapeutics Inc            | Travere Therapeutics Inc                                     | CUSIP: 89422G107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    301778 | NS      | $7212494.20   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| QUELL THERAPEUTICS                  | QUELL THERAPEUTICS                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    846561 | NS      | $1760000.32   | 0.34%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Palvella Therapeutics Inc           | Palvella Therapeutics Inc                                    | CUSIP: 697947109<br>LEI: 254900AJDH8PAOOI5T33 | Long             | EC               | CORP              | US        |     16225 | NS      | $1017145.25   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Afferent Milestone Interest         | AFFERENT MILESTONE INTEREST                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     11232 | NS      | $0.01         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| IMMUNIC INC.                        | IMMUNIC INC.                                                 | CUSIP: 000000000<br>LEI: 549300R5T12FW5MEQB20 | N/A              | DE               |  | US        |   2311826 | NS      | $304236.30    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| RECODE THERAPEUTICS                 | RECODE THERAPEUTICS                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    155959 | NS      | $1440000.64   | 0.28%             |  |  |  | Yes           |                  3 | On Loan: No      |
| ETHISMOS RESEARCH, INC. MILEST      | ETHISMOS RESEARCH, INC. MILEST                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       820 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| RECODE THERAPEUTICS, INC.           | RECODE THERAPEUTICS, INC.                                    | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |     75939 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| INCENDIA THERAPEUTICS, INC.         | INCENDIA THERAPEUTICS, INC.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    738460 | PA      | $738460.00    | 0.14%             | 2026-04-18      | Fixed         | 8.00%                 | Yes           |                  3 | On Loan: No      |
| HIBERCELL,INC. SERIES C             | HIBERCELL,INC. SERIES C                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    719652 | NS      | $333630.67    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ascendis Pharma A/S                 | Ascendis Pharma A/S                                          | CUSIP: 04351P101<br>LEI: 549300B66JN3W3J8GH73 | Long             | EC               | CORP              | DK        |     20185 | NS      | $4012979.85   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA FUSION PHARMACE              | CONTRA FUSION PHARMACE                                       | CUSIP: 361CVR012<br>LEI: N/A                  | N/A              | DE               |  | CA        |      3256 | NS      | $4493.28      | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Immunic Inc                         | Immunic Inc                                                  | CUSIP: 4525EP101<br>LEI: 549300R5T12FW5MEQB20 | Long             | EC               | CORP              | US        |   3028916 | NS      | $2670292.35   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| EyePoint Pharmaceuticals Inc        | EyePoint Pharmaceuticals Inc                                 | CUSIP: 30233G209<br>LEI: 549300QE1RU34T50MR69 | Long             | EC               | CORP              | US        |    276280 | NS      | $3934227.20   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Arbutus Biopharma Corp              | Arbutus Biopharma Corp                                       | CUSIP: 03879J100<br>LEI: 25490064CESONAUIAS23 | Long             | EC               | CORP              | CA        |    799979 | NS      | $3631904.66   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.              | BIOMARIN PHARMACEUTICAL INC                                  | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -199 | NC      | $-11940.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Iovance Biotherapeutics Inc         | Iovance Biotherapeutics Inc                                  | CUSIP: 462260100<br>LEI: 2549002L8WT2ACU5Q878 | Long             | EC               | CORP              | US        |    607210 | NS      | $1317645.70   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMUNIC INC.                        | IMMUNIC INC.                                                 | CUSIP: 000000000<br>LEI: 549300R5T12FW5MEQB20 | N/A              | DE               |  | US        |   2311826 | NS      | $304236.30    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| HIBERCELL, INC. SERIES B            | HIBERCELL, INC. SERIES B                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1305163 | NS      | $519063.33    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Incendia Therapeutics, Inc.         | Incendia Therapeutics, Inc.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    832650 | NS      | $1599995.26   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Structure Therapeutics Inc          | Structure Therapeutics Inc                                   | CUSIP: 86366E106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |    204880 | NS      | $5736640.00   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Twist Bioscience Corp               | Twist Bioscience Corp                                        | CUSIP: 90184D100<br>LEI: 549300T23BL59LCOH584 | Long             | EC               | CORP              | US        |    110740 | NS      | $3116223.60   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Disc Medicine Inc                   | Disc Medicine Inc                                            | CUSIP: 254604101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     32061 | NS      | $2118590.88   | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| NUVIG THERAPEUTICS, INC             | NUVIG THERAPEUTICS, INC                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    739010 | NS      | $774999.79    | 0.15%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Aquestive Therapeutics Inc          | Aquestive Therapeutics Inc                                   | CUSIP: 03843E104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    196160 | NS      | $1096534.40   | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Denali Therapeutics Inc             | Denali Therapeutics Inc                                      | CUSIP: 24823R105<br>LEI: 549300ZTQ2HO18L3Q830 | Long             | EC               | CORP              | US        |    477567 | NS      | $6934272.84   | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Illumina Inc                        | Illumina Inc                                                 | CUSIP: 452327109<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | EC               | CORP              | US        |     42377 | NS      | $4024543.69   | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Equillium Inc                       | Equillium Inc                                                | CUSIP: 29446K106<br>LEI: 549300OC7SSPSNNGHE64 | Long             | EC               | CORP              | US        |    335326 | NS      | $479516.18    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| ABCURO, INC.                        | ABCURO, INC.                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    232252 | NS      | $1274993.80   | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Sionna Therapeutics Inc             | Sionna Therapeutics Inc                                      | CUSIP: 829401108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    289277 | NS      | $8507636.57   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENDEAVOR BIOMEDICINES INC.          | ENDEAVOR BIOMEDICINES INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     54815 | NS      | $357645.95    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Akero Therapeutics Inc              | Akero Therapeutics Inc                                       | CUSIP: 00973Y108<br>LEI: 549300SI3KG74LBE2955 | Long             | EC               | CORP              | US        |    178163 | NS      | $8459179.24   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.              | ARROWHEAD PHARMACEUTICALS INC                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -262 | NC      | $-43230.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Tarsus Pharmaceuticals Inc          | Tarsus Pharmaceuticals Inc                                   | CUSIP: 87650L103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     51678 | NS      | $3071223.54   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Guardant Health Inc                 | Guardant Health Inc                                          | CUSIP: 40131M109<br>LEI: 254900M8C3E5VC8BR186 | Long             | EC               | CORP              | US        |     40398 | NS      | $2524067.04   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tempus AI Inc                       | Tempus AI Inc                                                | CUSIP: 88023B103<br>LEI: 2549009LA0KWRAGQBX50 | Long             | EC               | CORP              | US        |     60205 | NS      | $4859145.55   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Axsome Therapeutics Inc             | Axsome Therapeutics Inc                                      | CUSIP: 05464T104<br>LEI: 549300EXGR0XLRJEIB95 | Long             | EC               | CORP              | US        |     39219 | NS      | $4763147.55   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Centessa Pharmaceuticals PLC        | Centessa Pharmaceuticals PLC                                 | CUSIP: 152309100<br>LEI: 213800GIDAARDSKOI827 | Long             | EC               | CORP              | GB        |     53574 | NS      | $1299169.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Krystal Biotech Inc                 | Krystal Biotech Inc                                          | CUSIP: 501147102<br>LEI: 549300YONUY68210OE41 | Long             | EC               | CORP              | US        |     22278 | NS      | $3932735.34   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| HOTSPOT THERAPEUTICS, INC.          | HOTSPOT THERAPEUTICS, INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1291668 | NS      | $3100003.20   | 0.60%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Immatics NV                         | Immatics NV                                                  | CUSIP: 000000000<br>LEI: 984500DC691EZ96AF394 | Long             | EC               | CORP              | NL        |    240137 | NS      | $2045967.24   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Oculis Holding AG                   | Oculis Holding AG                                            | CUSIP: 000000000<br>LEI: 5067005370C2KK324336 | Long             | EC               | CORP              | CH        |    170667 | NS      | $3025925.91   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                           | Amgen Inc                                                    | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | EC               | CORP              | US        |     54622 | NS      | $15414328.40  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ideaya Biosciences Inc              | Ideaya Biosciences Inc                                       | CUSIP: 45166A102<br>LEI: 549300ULW08F62IJML11 | Long             | EC               | CORP              | US        |    213524 | NS      | $5809988.04   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| ENDEAVOR BIOMEDICINES, INC.         | ENDEAVOR BIOMEDICINES, INC.                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    296855 | NS      | $1399997.87   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Avidity Biosciences Inc             | Avidity Biosciences Inc                                      | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    146245 | NS      | $6371894.65   | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| HOTSPOT THERAPEUTICS, INC.          | HOTSPOT THERAPEUTICS, INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    323870 | PA      | $323870.21    | 0.06%             | 2026-04-10      | Fixed         | 6.00%                 | Yes           |                  3 | On Loan: No      |
| ATALANTA THERAPEUTICS               | ATALANTA THERAPEUTICS                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    777778 | NS      | $1400000.40   | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Avalo Therapeutics Inc              | Avalo Therapeutics Inc                                       | CUSIP: 05338F306<br>LEI: 549300GPK6FPJ3X8SZ39 | Long             | EC               | CORP              | US        |     72800 | NS      | $925288.00    | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors        | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   8417354 | NS      | $8417353.50   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Vaxcyte Inc                         | Vaxcyte Inc                                                  | CUSIP: 92243G108<br>LEI: 254900M7NMHTGASX8D95 | Long             | EC               | CORP              | US        |    230213 | NS      | $8292272.26   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.              | TEMPUS AI INC                                                | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |       -75 | NC      | $-14625.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Quanterix Corp                      | Quanterix Corp                                               | CUSIP: 74766Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    564581 | NS      | $3065674.83   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| HIBERCELL INC.                      | HIBERCELL INC.                                               | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |   2582362 | NS      | $2.58         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Nuvalent Inc                        | Nuvalent Inc                                                 | CUSIP: 670703107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     33821 | NS      | $2924840.08   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Xenon Pharmaceuticals Inc           | Xenon Pharmaceuticals Inc                                    | CUSIP: 98420N105<br>LEI: 549300XV44Q9Z1MIPQ03 | Long             | EC               | CORP              | CA        |    211804 | NS      | $8503930.60   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| ENGRAIL THERAPEUTICS INC. SERI      | ENGRAIL THERAPEUTICS INC. SERI                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2124646 | NS      | $2250000.11   | 0.44%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Options Clearing Corp.              | SAREPTA THERAPEUTICS INC                                     | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -343 | NC      | $-12005.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| BIOTHERYX, INC. SERIES E            | BIOTHERYX, INC. SERIES E                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    609524 | NS      | $346453.44    | 0.07%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Korro Bio Inc                       | Korro Bio Inc                                                | CUSIP: 500946108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57983 | NS      | $2776805.87   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA SPECTRUM PHARMA              | CONTRA SPECTRUM PHARMA                                       | CUSIP: 847CVR016<br>LEI: 549300COU30WSP3O5I07 | N/A              | DE               |  | US        |     34880 | NS      | $0.03         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| QLARIS BIO, INC.                    | QLARIS BIO, INC.                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1974522 | NS      | $1549999.77   | 0.30%             |  |  |  | Yes           |                  3 | On Loan: No      |
| NEUROVANCE MILESTONE INTEREST       | NEUROVANCE MILESTONE INTEREST                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     34055 | NS      | $11172420.57  | 2.18%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ardelyx Inc                         | Ardelyx Inc                                                  | CUSIP: 039697107<br>LEI: 549300F542QR4SXHCY32 | Long             | EC               | CORP              | US        |    493320 | NS      | $2718193.20   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Jazz Pharmaceuticals PLC            | Jazz Pharmaceuticals PLC                                     | CUSIP: 000000000<br>LEI: 635400GAUMJCLEZRRV50 | Long             | EC               | CORP              | IE        |     14506 | NS      | $1911890.80   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| LENZ Therapeutics Inc               | LENZ Therapeutics Inc                                        | CUSIP: 52635N103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     39337 | NS      | $1832317.46   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Edgewise Therapeutics Inc           | Edgewise Therapeutics Inc                                    | CUSIP: 28036F105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    263291 | NS      | $4270580.02   | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarepta Therapeutics Inc            | Sarepta Therapeutics Inc                                     | CUSIP: 803607100<br>LEI: 549300IKDPIED8J8IG21 | Long             | EC               | CORP              | US        |    320025 | NS      | $6166881.75   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Apogee Therapeutics Inc             | Apogee Therapeutics Inc                                      | CUSIP: 03770N101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     54760 | NS      | $2175614.80   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Argenx SE                           | Argenx SE                                                    | CUSIP: 04016X101<br>LEI: 7245009C5FZE6G9ODQ71 | Long             | EC               | CORP              | NL        |     18929 | NS      | $13961273.24  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| CURASEN THERAPEUTICS, INC.          | CURASEN THERAPEUTICS, INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   9049182 | NS      | $4339082.77   | 0.85%             |  |  |  | Yes           |                  3 | On Loan: No      |
| FLAMINGO THERAPEUTICS INC           | FLAMINGO THERAPEUTICS INC                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | FR        |    107120 | NS      | $144000.13    | 0.03%             |  |  |  | Yes           |                  3 | On Loan: No      |
| AVICEDA THERAPEUTICS                | AVICEDA THERAPEUTICS                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     38906 | NS      | $224090.78    | 0.04%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Ultragenyx Pharmaceutical Inc       | Ultragenyx Pharmaceutical Inc                                | CUSIP: 90400D108<br>LEI: 529900EV44GVDN1DCX77 | Long             | EC               | CORP              | US        |    349116 | NS      | $10501409.28  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Insmed Inc                          | Insmed Inc                                                   | CUSIP: 457669307<br>LEI: 529900Q55QAG41CCAC11 | Long             | EC               | CORP              | US        |    101010 | NS      | $14546450.10  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcus Biosciences Inc               | Arcus Biosciences Inc                                        | CUSIP: 03969F109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     62906 | NS      | $855521.60    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Corbus Pharmaceuticals Holdings Inc | Corbus Pharmaceuticals Holdings Inc                          | CUSIP: 21833P301<br>LEI: 529900MX6XCNZC7MM155 | Long             | EC               | CORP              | US        |    188231 | NS      | $2381122.15   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Arcutis Biotherapeutics Inc         | Arcutis Biotherapeutics Inc                                  | CUSIP: 03969K108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    218107 | NS      | $4111316.95   | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Vir Biotechnology Inc               | Vir Biotechnology Inc                                        | CUSIP: 92764N102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    553092 | NS      | $3158155.32   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Vericel Corp                        | Vericel Corp                                                 | CUSIP: 92346J108<br>LEI: 54930076YM3PLTDR4B91 | Long             | EC               | CORP              | US        |     76592 | NS      | $2410350.24   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| GLYCOMINE, INC.                     | GLYCOMINE, INC.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   2655105 | NS      | $1593063.00   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| CURASEN THERAPEUTICS, INC.          | CURASEN THERAPEUTICS, INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |   1379821 | NS      | $661624.17    | 0.13%             |  |  |  | Yes           |                  3 | On Loan: No      |
| SEISMIC THERAPEUTICS, INC.          | SEISMIC THERAPEUTICS, INC.                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    282340 | NS      | $1274990.97   | 0.25%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Abivax SA                           | Abivax SA                                                    | CUSIP: 00370M103<br>LEI: 969500D8TMNB184OJU95 | Long             | EC               | CORP              | FR        |     49000 | NS      | $4160100.00   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Neurocrine Biosciences Inc          | Neurocrine Biosciences Inc                                   | CUSIP: 64125C109<br>LEI: 549300FECER0XBN49756 | Long             | EC               | CORP              | US        |     27165 | NS      | $3813422.70   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ARBOR BIOTECHNOLOGIES               | ARBOR BIOTECHNOLOGIES                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    389294 | NS      | $1599998.34   | 0.31%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Crinetics Pharmaceuticals Inc       | Crinetics Pharmaceuticals Inc                                | CUSIP: 22663K107<br>LEI: 549300Q1CNFXK5P31D28 | Long             | EC               | CORP              | US        |    131752 | NS      | $5487470.80   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| THIRD ARC BIO, INC                  | THIRD ARC BIO, INC                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    807908 | NS      | $1700000.01   | 0.33%             |  |  |  | Yes           |                  3 | On Loan: No      |
| PRIOTHERA LIMITED                   | PRIOTHERA LIMITED                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | IE        |    152534 | NS      | $17.90        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cytokinetics Inc                    | Cytokinetics Inc                                             | CUSIP: 23282W605<br>LEI: 549300BE5DY1HW7IHA64 | Long             | EC               | CORP              | US        |    197644 | NS      | $10862514.24  | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Regeneron Pharmaceuticals Inc       | Regeneron Pharmaceuticals Inc                                | CUSIP: 75886F107<br>LEI: 549300RCBFWIRX3HYQ56 | Long             | EC               | CORP              | US        |     23930 | NS      | $13455121.10  | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| AMPHIVENA MILESTONE INTEREST        | AMPHIVENA MILESTONE INTEREST                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | US        |       100 | NS      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Summit Therapeutics Inc             | Summit Therapeutics Inc                                      | CUSIP: 86627T108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    393856 | NS      | $8137064.96   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Syndax Pharmaceuticals Inc          | Syndax Pharmaceuticals Inc                                   | CUSIP: 87164F105<br>LEI: 529900OF94TRHKZVBS87 | Long             | EC               | CORP              | US        |    372792 | NS      | $5735404.92   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Options Clearing Corp.              | CYTOKINETICS INC                                             | CUSIP: 000000000<br>LEI: 549300CII6SLYGKNHA04 | N/A              | DE               |  | US        |      -125 | NC      | $-33125.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Immunovant Inc                      | Immunovant Inc                                               | CUSIP: 45258J102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    330935 | NS      | $5334672.20   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| HIBERCELL, INC.                     | HIBERCELL, INC.                                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    206589 | PA      | $206589.00    | 0.04%             | 2025-12-31      | Fixed         | 10.00%                | Yes           |                  3 | On Loan: No      |
| HIBERCELL, INC. SERIES C            | HIBERCELL, INC. SERIES C                                     | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DE               |  | US        |    719652 | NS      | $0.72         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Personalis Inc                      | Personalis Inc                                               | CUSIP: 71535D106<br>LEI: 549300EZ2NYFK7H0US48 | Long             | EC               | CORP              | US        |   1074416 | NS      | $7005192.32   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Alkermes PLC                        | Alkermes PLC                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |     63294 | NS      | $1898820.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Codexis Inc                         | Codexis Inc                                                  | CUSIP: 192005106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1587334 | NS      | $3873094.96   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| uniQure NV                          | uniQure NV                                                   | CUSIP: 000000000<br>LEI: 724500RPCTZLFYJZ3S98 | Long             | EC               | CORP              | NL        |    658737 | NS      | $38450478.69  | 7.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Cidara Therapeutics Inc             | Cidara Therapeutics Inc                                      | CUSIP: 171757206<br>LEI: 549300IHQ9Z7RI1X2D22 | Long             | EC               | CORP              | US        |     56305 | NS      | $5391766.80   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RECODE THERAPEUTICS, INC.           | RECODE THERAPEUTICS, INC.                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     75939 | PA      | $75939.03     | 0.01%             | 2027-03-23      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| Willow Laboratories Inc.            | Willow Laboratories Inc.                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    130000 | NS      | $13.00        | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Fulcrum Therapeutics Inc            | Fulcrum Therapeutics Inc                                     | CUSIP: 359616109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    137961 | NS      | $1269241.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| ARS Pharmaceuticals Inc             | ARS Pharmaceuticals Inc                                      | CUSIP: 82835W108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    507686 | NS      | $5102244.30   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Xencor Inc                          | Xencor Inc                                                   | CUSIP: 98401F105<br>LEI: 549300V5IF65437JKG30 | Long             | EC               | CORP              | US        |    258080 | NS      | $3027278.40   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Allogene Therapeutics Inc           | Allogene Therapeutics Inc                                    | CUSIP: 019770106<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1582265 | NS      | $1962008.60   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| IMMUNIC INC.                        | IMMUNIC INC.                                                 | CUSIP: 000000000<br>LEI: 549300R5T12FW5MEQB20 | N/A              | DE               |  | US        |   2311826 | NS      | $2038105.80   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                 | Gilead Sciences Inc                                          | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |     47677 | NS      | $5292147.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Janux Therapeutics Inc              | Janux Therapeutics Inc                                       | CUSIP: 47103J105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     93315 | NS      | $2280618.60   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** abrdn Life Sciences Investors

**Signature:** Sharon Ferrari

**Name of Signer:** Sharon Ferrari

**Title:** Assistant Treasurer