# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001410368-25-042514
**Filing Date:** 2025-12
**Character Count:** 17982
**Document Hash:** a98ebe4d3b78034d8f328a0a19278629
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-042514.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001410368-25-042514

**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:** 251601095

**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 International Small Cap Active ETF (Series ID: S000093583)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000261971 | abrdn International Small Cap 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 International Small Cap Active ETF

- **b. EDGAR series identifier (if any):** S000093583

- **c. LEI of Series:** 2138009WU9KXXQ123H53

**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:** $89774710.04

**Total Liabilities:** $137796.92

**Net Assets:** $89636913.12

**Cash Not Reported:** $8411.53

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000261971 |  |  | -0.34%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $0.00                    | $0.00                                      |
| Month 3  | $85689.65                | $18798965.49                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Diploma PLC                            | Diploma PLC                                                | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     54947 | NS      | $4049514.26   | 4.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC               | Games Workshop Group PLC                                   | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |     14924 | NS      | $3123180.62   | 3.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Hill & Smith PLC                       | Hill & Smith PLC                                           | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |     57377 | NS      | $1624355.93   | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Interparfums SA                        | Interparfums SA                                            | CUSIP: 000000000<br>LEI: 969500SARWF33OPQED48 | Long             | EC               | CORP              | FR        |     73538 | NS      | $2417457.30   | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| iShares MSCI India Small-Cap ETF       | iShares MSCI India Small-Cap ETF                           | CUSIP: 46429B614<br>LEI: 549300ZTQ7NM17G19H49 | Long             | EC               | RF                | US        |     75502 | NS      | $5564497.40   | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                    | Interpump Group SpA                                        | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     29946 | NS      | $1542921.46   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Jungheinrich AG                        | Jungheinrich AG                                            | CUSIP: 000000000<br>LEI: 529900PHZORTU6FSXE73 | Long             | EP               | CORP              | DE        |     68657 | NS      | $2451679.60   | 2.74%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA               | CTS Eventim AG & Co KGaA                                   | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     35977 | NS      | $3217985.95   | 3.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                            | Rational AG                                                | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      1374 | NS      | $1006467.52   | 1.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Asics Corp                             | Asics Corp                                                 | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |    132600 | NS      | $3392653.30   | 3.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                         | Chroma ATE Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     58000 | NS      | $1545232.75   | 1.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Elite Material Co Ltd                  | Elite Material Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     51000 | NS      | $2256270.13   | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co Ltd              | Sinbon Electronics Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    133000 | NS      | $915048.31    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Makalot Industrial Co Ltd              | Makalot Industrial Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    216720 | NS      | $1896414.56   | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Chenbro Micom Co Ltd                   | Chenbro Micom Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     48000 | NS      | $1447448.03   | 1.61%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanwa Holdings Corp                    | Sanwa Holdings Corp                                        | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |     54100 | NS      | $1477911.88   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors           | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1380691 | NS      | $1380691.23   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Brunello Cucinelli SpA                 | Brunello Cucinelli SpA                                     | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |      9176 | NS      | $928001.14    | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Gaztransport Et Technigaz SA           | Gaztransport Et Technigaz SA                               | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     21294 | NS      | $4211841.40   | 4.70%             |  |  |  | No            |                  2 | On Loan: No      |
| ICG PLC                                | ICG PLC                                                    | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    104045 | NS      | $2639365.73   | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV                     | Regional SAB de CV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    325308 | NS      | $2410065.03   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Sweco AB                               | Sweco AB                                                   | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |     53701 | NS      | $969984.12    | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| CIE Automotive SA                      | CIE Automotive SA                                          | CUSIP: 000000000<br>LEI: 95980020140005381252 | Long             | EC               | CORP              | ES        |     72260 | NS      | $2423753.35   | 2.70%             |  |  |  | No            |                  2 | On Loan: No      |
| Nihon M&A Center Holdings Inc          | Nihon M&A Center Holdings Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    279300 | NS      | $1316847.58   | 1.47%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                               | FPT Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    553606 | NS      | $2185812.78   | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| SHO-BOND Holdings Co Ltd               | SHO-BOND Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     15300 | NS      | $486073.58    | 0.54%             |  |  |  | No            |                  2 | On Loan: No      |
| Chemring Group PLC                     | Chemring Group PLC                                         | CUSIP: 000000000<br>LEI: 213800U9A54VQJ5P2J41 | Long             | EC               | CORP              | GB        |    131923 | NS      | $993050.25    | 1.11%             |  |  |  | No            |                  2 | On Loan: No      |
| ALS Ltd                                | ALS Ltd                                                    | CUSIP: 000000000<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    208763 | NS      | $2966813.49   | 3.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Borregaard ASA                         | Borregaard ASA                                             | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGYXC05 | Long             | EC               | CORP              | NO        |     83342 | NS      | $1579748.16   | 1.76%             |  |  |  | No            |                  2 | On Loan: No      |
| Zenkoku Hosho Co Ltd                   | Zenkoku Hosho Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800VOQEKTSCSL9O03 | Long             | EC               | CORP              | JP        |    109300 | NS      | $2247561.48   | 2.51%             |  |  |  | No            |                  2 | On Loan: No      |
| Steadfast Group Ltd                    | Steadfast Group Ltd                                        | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |    667350 | NS      | $2445223.64   | 2.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                         | Dino Polska SA                                             | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |    216656 | NS      | $2585440.00   | 2.88%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Japan Elevator Service Holdings Co Ltd | Japan Elevator Service Holdings Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    354800 | NS      | $4184342.35   | 4.67%             |  |  |  | No            |                  2 | On Loan: No      |
| AddTech AB                             | AddTech AB                                                 | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     71021 | NS      | $2407174.76   | 2.69%             |  |  |  | No            |                  2 | On Loan: No      |
| RENK Group AG                          | RENK Group AG                                              | CUSIP: 000000000<br>LEI: 894500H8CNSZ53EI6K63 | Long             | EC               | CORP              | DE        |     12609 | NS      | $956176.37    | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA            | FinecoBank Banca Fineco SpA                                | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |     54541 | NS      | $1245389.07   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Gamma Communications PLC               | Gamma Communications PLC                                   | CUSIP: 000000000<br>LEI: 213800LAQZXPRIZUEH50 | Long             | EC               | CORP              | GB        |    175390 | NS      | $2287969.14   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| BayCurrent Inc                         | BayCurrent Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     57800 | NS      | $2649776.13   | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Tatton Asset Management PLC            | Tatton Asset Management PLC                                | CUSIP: 000000000<br>LEI: 213800G2F8I1N7HTVP88 | Long             | EC               | CORP              | GB        |    102984 | NS      | $1006557.94   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                               | Fabrinet                                                   | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      5940 | NS      | $2616985.80   | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Nova Ltd                               | Nova Ltd                                                   | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      7262 | NS      | $2502775.68   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer