# EDGAR Filing Document

**Accession Number:** 0001597934
**File Stem:** 0001410368-25-001782
**Filing Date:** 2025-8
**Character Count:** 26536
**Document Hash:** f34c25291e874d1c1e31df1a48fff69e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-001782.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001410368-25-001782

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** abrdn ETFs
- **CENTRAL INDEX KEY:** 0001597934

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22986
- **FILM NUMBER:** 251273899

**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 Standard Investments ETFs
- **DATE OF NAME CHANGE:** 20181001

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ETFS Trust
- **DATE OF NAME CHANGE:** 20140122

## Series and Classes Contracts Data

### abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF (Series ID: S000056193)

| Class ID   | Class Name                                                       | Ticker Symbol   |
|:---|:---|:---|
| C000176936 | abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF | BCD             |

## 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 ETFs

- **b. Investment Company Act file number:** 811-22986

- **c. CIK number of Registrant:** 0001597934

- **d. LEI of Registrant:** 54930044UD4VERB62W69

- **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:** 844-383-7289

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

- **a. Name of Series:** abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF

- **b. EDGAR series identifier (if any):** S000056193

- **c. LEI of Series:** 549300QSPU0RXYOLEO32

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $279988156.01

**Total Liabilities:** $197314.74

**Net Assets:** $279790841.27

**Amount of Assets Invested in Other Investment Companies:** $51868576.28

**Cash Not Reported:** $9791448.21

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176936 | -4.99%               | 0.08%                | 2.25%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $617.20                  | $1851.48                                   |
| Month 2  | $185.12                  | $28448.28                                  |
| Month 3  | $344.38                  | $-27643.99                                 |

**Designated Index Information**

- **Index Name:** Bloomberg Commodity Index 3 Month Forward

- **Index Identifier:** BCOMF3 Index

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ICE Futures U.S., Inc.       | COTTON NO.2 FUTR DEC25                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       124 | NC      | $-52741.98    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe           | BRENT CRUDE FUTR JAN26                                       | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       275 | NC      | $-253857.15   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE JUL25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        64 | NC      | $-332316.56   | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11977920.00  | 4.28%             | 2025-07-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade       | SOYBEAN FUTURE NOV25                                         | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       316 | NC      | $140694.05    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12879805.38  | 4.60%             | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11987450.05  | 4.28%             | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center  | GOLD 100 OZ FUTR DEC25                                       | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       142 | NC      | $2290657.71   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11997203.28  | 4.29%             | 2025-07-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade       | SOYBEAN OIL FUTR DEC25                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       359 | NC      | $1965363.10   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures Europe           | LOW SU GASOIL G NOV25                                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       108 | NC      | $421256.86    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE SEP25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        68 | NC      | $-589040.38   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.       | COFFEE 'C' FUTURE DEC25                                      | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        66 | NC      | $-1835291.82  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE SEP25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -82 | NC      | $-185057.28   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11958562.44  | 4.27%             | 2025-07-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797QK6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12923975.87  | 4.62%             | 2025-08-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange  | LEAN HOGS FUTURE DEC25                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       144 | NC      | $-52461.28    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE JUL25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -64 | NC      | $569012.98    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | KC HRW WHEAT FUT DEC25                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       175 | NC      | $-55334.60    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME LEAD FUTURE JUL25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -47 | NC      | $26995.27     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11947682.04  | 4.27%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.       | SUGAR 11 (WORLD) MAR26                                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       363 | NC      | $-175454.36   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | WHEAT FUTURE(CBT) DEC25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       275 | NC      | $-16466.85    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange  | LIVE CATTLE FUTR DEC25                                       | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       121 | NC      | $-211828.02   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797QC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11961252.72  | 4.28%             | 2025-07-29      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11926993.44  | 4.26%             | 2025-08-21      | None          | 0.00%                 | No            |                  2 | 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        |  10994844 | NS      | $10994843.67  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE JUL25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        77 | NC      | $-237145.90   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11990317.44  | 4.29%             | 2025-07-08      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade       | CORN FUTURE DEC25                                            | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       649 | NC      | $-521474.85   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PF8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11968087.44  | 4.28%             | 2025-07-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797QB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12968508.93  | 4.64%             | 2025-07-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11916480.00  | 4.26%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR SEP25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -172 | NC      | $-684820.63   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange | GASOLINE RBOB FUT NOV25                                      | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        66 | NC      | $110627.13    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR NOV25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       176 | NC      | $631566.46    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $12000000.00  | 4.29%             | 2025-07-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME LEAD FUTURE JUL25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        47 | NC      | $50064.97     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11907970.80  | 4.26%             | 2025-09-04      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR JUL25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       161 | NC      | $142096.50    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | SOYBEAN MEAL FUTR DEC25                                      | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       307 | NC      | $-809635.20   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center  | SILVER FUTURE DEC25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |        77 | NC      | $1110568.99   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR SEP25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       172 | NC      | $-312044.63   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE SEP25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        82 | NC      | $-287865.53   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797QJ9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12934972.96  | 4.62%             | 2025-08-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12978945.33  | 4.64%             | 2025-07-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange | NATURAL GAS FUTR NOV25                                       | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       678 | NC      | $-2728167.71  | -0.98%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE JUL25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -77 | NC      | $299281.86    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center  | COPPER FUTURE DEC25                                          | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       135 | NC      | $1249972.35   | 0.45%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME LEAD FUTURE SEP25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -49 | NC      | $-83924.96    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797QH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11950367.04  | 4.27%             | 2025-08-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange | NY HARB ULSD FUT NOV25                                       | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        59 | NC      | $376012.72    | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME LEAD FUTURE NOV25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        50 | NC      | $80061.75     | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12889760.00  | 4.61%             | 2025-09-11      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE SEP25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -68 | NC      | $211762.40    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME LEAD FUTURE SEP25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        49 | NC      | $-10030.46    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12869710.36  | 4.60%             | 2025-09-25      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE NOV25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        84 | NC      | $182389.89    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange | WTI CRUDE FUTURE NOV25                                       | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       250 | NC      | $649303.12    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR NOV25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -1 | NC      | $-2869.29     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE NOV25                                        | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -1 | NC      | $-2987.04     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR JUL25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -161 | NC      | $386406.94    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | U.S. Treasury Bills                                          | CUSIP: 912797PN1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11936962.68  | 4.27%             | 2025-08-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE NOV25                                      | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        69 | NC      | $-222533.91   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** abrdn ETFs

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer