# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001752724-25-137913
**Filing Date:** 2025-6
**Character Count:** 24409
**Document Hash:** e063c72397182e6438758ae0f8d1c102
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-137913.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-137913

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250613

**DATE AS OF CHANGE**: 20250613

**PERIOD START**: 20251031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22132
- **FILM NUMBER:** 251045340

**BUSINESS ADDRESS:**
- **STREET 1:** 1900 MARKET STREET
- **STREET 2:** SUITE 200
- **CITY:** PHILADELPHIA
- **STATE:** PA
- **ZIP:** 19103
- **BUSINESS PHONE:** 215-405-5700

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Aberdeen Funds
- **DATE OF NAME CHANGE:** 20070926

## Series and Classes Contracts Data

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** abrdn Funds

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

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

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

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1900 Market Street

  - **City:** PHILADELPHIA

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19103

  - **Telephone number:** 215-405-5700

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

- **a. Name of Series:** abrdn Global Infrastructure Fund

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

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

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $43344799.80

**Total Liabilities:** $70298.73

**Net Assets:** $43274501.07

**Cash Not Reported:** $101205.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199212 | 2.49%                | 3.65%                | 4.26%                |
| Class ID C000199211 | 2.41%                | 3.69%                | 4.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $551699.17               | $374562.78                                 |
| Month 2  | $189445.27               | $1235637.71                                |
| Month 3  | $157255.73               | $1459315.32                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Sarana Menara Nusantara Tbk PT                     | Sarana Menara Nusantara Tbk PT                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        |   7313200 | NS      | $250998.88    | 0.58%             |  |  |  | No            |                  2 | On Loan: No      |
| CCR SA                                             | CCR SA                                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    307400 | NS      | $728532.29    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| American Electric Power Co Inc                     | American Electric Power Co Inc                               | CUSIP: 025537101<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | EC               | CORP              | US        |      5913 | NS      | $640614.42    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                                 | Union Pacific Corp                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      3100 | NS      | $668546.00    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                                 | NextEra Energy Inc                                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     15878 | NS      | $1061920.64   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| CLP Holdings Ltd                                   | CLP Holdings Ltd                                             | CUSIP: 000000000<br>LEI: 25490002BUTSMP94GO68 | Long             | EC               | CORP              | HK        |     55300 | NS      | $471523.21    | 1.09%             |  |  |  | No            |                  2 | On Loan: No      |
| GDS Holdings Ltd                                   | GDS Holdings Ltd                                             | CUSIP: 36165L108<br>LEI: 391200MGV8DDCHTN2R77 | Long             | EC               | CORP              | KY        |     11258 | NS      | $283814.18    | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Serena Energia SA                                  | Serena Energia SA                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    239907 | NS      | $414277.79    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                               | Williams Cos Inc/The                                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |     22157 | NS      | $1297735.49   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Cheniere Energy Inc                                | Cheniere Energy Inc                                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |      5400 | NS      | $1247994.00   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR Infrastructure LP                             | XPLR Infrastructure LP                                       | CUSIP: 65341B106<br>LEI: 5493008F4ZOQFNG3WN54 | Long             | EC               | CORP              | US        |     25300 | NS      | $208472.00    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| PPL Corp                                           | PPL Corp                                                     | CUSIP: 69351T106<br>LEI: 9N3UAJSNOUXFKQLF3V18 | Long             | EC               | CORP              | US        |     32800 | NS      | $1197200.00   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Getlink SE                                         | Getlink SE                                                   | CUSIP: 000000000<br>LEI: 9695007ZEQ7M0OE74G82 | Long             | EC               | CORP              | FR        |     51600 | NS      | $979791.90    | 2.26%             |  |  |  | No            |                  2 | On Loan: No      |
| National Grid PLC                                  | National Grid PLC                                            | CUSIP: 636274409<br>LEI: 8R95QZMKZLJX5Q2XR704 | Long             | EC               | CORP              | GB        |      7548 | NS      | $551004.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc                                | Clearway Energy Inc                                          | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |     26200 | NS      | $768708.00    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                                       | Enbridge Inc                                                 | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     30800 | NS      | $1440356.88   | 3.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Norfolk Southern Corp                              | Norfolk Southern Corp                                        | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      5200 | NS      | $1165060.00   | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| IHS Holding Ltd                                    | IHS Holding Ltd                                              | CUSIP: 000000000<br>LEI: 213800CLGMKL63VKTD94 | Long             | EC               | CORP              | KY        |    107226 | NS      | $525407.40    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                                           | Enel SpA                                                     | CUSIP: 000000000<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |     64180 | NS      | $556374.70    | 1.29%             |  |  |  | No            |                  2 | On Loan: No      |
| American Tower Corp                                | American Tower Corp                                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               |  | US        |      5400 | NS      | $1217214.00   | 2.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV     | Grupo Aeroportuario del Centro Norte SAB de CV               | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     71400 | NS      | $785671.25    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                                  | EDP Renovaveis SA                                            | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | N/A              | DE               |  | ES        |     54600 | NS      | $5566.83      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc                               | Waste Management Inc                                         | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |      2200 | NS      | $513392.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                   | Crown Castle Inc                                             | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               |  | US        |      6500 | NS      | $687440.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrovial SE                                       | Ferrovial SE                                                 | CUSIP: 000000000<br>LEI: 72450022R2ZFL41Y6I04 | Long             | EC               | CORP              | NL        |     26113 | NS      | $1273857.34   | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                 | Cellnex Telecom SA                                           | CUSIP: 000000000<br>LEI: 5493008T4YG3AQUI7P67 | Long             | EC               | CORP              | ES        |     29062 | NS      | $1176120.22   | 2.72%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CMS Energy Corp                                    | CMS Energy Corp                                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |     12700 | NS      | $935355.00    | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Engie SA                                           | Engie SA                                                     | CUSIP: 000000000<br>LEI: LAXUQCHT4FH58LRZDY46 | Long             | EC               | CORP              | FR        |     38000 | NS      | $785396.66    | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Corp America Airports SA                           | Corp America Airports SA                                     | CUSIP: 000000000<br>LEI: 959800AWF26KMY2SXF71 | Long             | EC               | CORP              | LU        |     17800 | NS      | $346210.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Dycom Industries Inc                               | Dycom Industries Inc                                         | CUSIP: 267475101<br>LEI: 549300F56EKTHQI3WT60 | Long             | EC               | CORP              | US        |      2300 | NS      | $385365.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| SSE PLC                                            | SSE PLC                                                      | CUSIP: 000000000<br>LEI: 549300KI75VYLLMSK856 | Long             | EC               | CORP              | GB        |     31977 | NS      | $720955.73    | 1.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Mobico Group PLC                                   | Mobico Group PLC                                             | CUSIP: 000000000<br>LEI: 213800A8IQEMY8PA5X34 | Long             | EC               | CORP              | GB        |    495300 | NS      | $205667.83    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                   | Canadian Pacific Kansas City Ltd                             | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     12600 | NS      | $913122.00    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Veolia Environnement SA                            | Veolia Environnement SA                                      | CUSIP: 000000000<br>LEI: 969500LENY69X51OOT31 | Long             | EC               | CORP              | FR        |     28100 | NS      | $1026326.25   | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| TXNM Energy Inc                                    | TXNM Energy Inc                                              | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |     16700 | NS      | $888440.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Helios Towers PLC                                  | Helios Towers PLC                                            | CUSIP: 000000000<br>LEI: 213800DGC7GS4XCHCU30 | Long             | EC               | CORP              | GB        |    704000 | NS      | $1012816.49   | 2.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Airport Terminal Co Ltd                      | Japan Airport Terminal Co Ltd                                | CUSIP: 000000000<br>LEI: 353800W9WEQSGUY2EO26 | Long             | EC               | CORP              | JP        |     26400 | NS      | $759341.90    | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Kinder Morgan Inc                                  | Kinder Morgan Inc                                            | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |     48300 | NS      | $1270290.00   | 2.94%             |  |  |  | No            |                  1 | On Loan: No      |
| CenterPoint Energy Inc                             | CenterPoint Energy Inc                                       | CUSIP: 15189T107<br>LEI: 21TPXMRRHFKOBHDC8J74 | Long             | EC               | CORP              | US        |     29321 | NS      | $1137068.38   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| CoreCivic Inc                                      | CoreCivic Inc                                                | CUSIP: 21871N101<br>LEI: 529900JFA3K6PTLT8B15 | Long             | EC               | CORP              | US        |     17000 | NS      | $384880.00    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| FirstEnergy Corp                                   | FirstEnergy Corp                                             | CUSIP: 337932107<br>LEI: 549300SVYJS666PQJH88 | Long             | EC               | CORP              | US        |     19486 | NS      | $835559.68    | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| EDP Renovaveis SA                                  | EDP Renovaveis SA                                            | CUSIP: 000000000<br>LEI: 529900MUFAH07Q1TAX06 | Long             | EC               | CORP              | ES        |     54600 | NS      | $511315.57    | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Duke Energy Corp                                   | Duke Energy Corp                                             | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      3838 | NS      | $468312.76    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Aena SME SA                                        | Aena SME SA                                                  | CUSIP: 000000000<br>LEI: 959800R7QMXKF0NFMT29 | Long             | EC               | CORP              | ES        |      4839 | NS      | $1215633.78   | 2.81%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Eiffage SA                                         | Eiffage SA                                                   | CUSIP: 000000000<br>LEI: 969500OQXKE5WDM9M994 | Long             | EC               | CORP              | FR        |      8300 | NS      | $1129403.77   | 2.61%             |  |  |  | No            |                  2 | On Loan: No      |
| RWE AG                                             | RWE AG                                                       | CUSIP: 000000000<br>LEI: 529900GB7KCA94ACC940 | Long             | EC               | CORP              | DE        |     31767 | NS      | $1233644.36   | 2.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Vinci SA                                           | Vinci SA                                                     | CUSIP: 000000000<br>LEI: 213800WFQ334R8UXUG83 | Long             | EC               | CORP              | FR        |      8100 | NS      | $1137785.28   | 2.63%             |  |  |  | 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        |      5763 | NS      | $5763.04      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italiane SpA               | Infrastrutture Wireless Italiane SpA                         | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |     57300 | NS      | $684284.74    | 1.58%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Aurizon Holdings Ltd                               | Aurizon Holdings Ltd                                         | CUSIP: 000000000<br>LEI: 5299005PC1O6NOWL3H48 | Long             | EC               | CORP              | AU        |    185300 | NS      | $362764.30    | 0.84%             |  |  |  | No            |                  2 | On Loan: No      |
| IDACORP Inc                                        | IDACORP Inc                                                  | CUSIP: 451107106<br>LEI: N134NUJDWN8UEFA8B673 | Long             | EC               | CORP              | US        |      2763 | NS      | $326282.67    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                       | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1298154 | NS      | $1298154.01   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Promotora y Operadora de Infraestructura SAB de CV | Promotora y Operadora de Infraestructura SAB de CV           | CUSIP: 000000000<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |     51400 | NS      | $575135.87    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Rumo SA                                            | Rumo SA                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    232100 | NS      | $793413.39    | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Sacyr SA                                           | Sacyr SA                                                     | CUSIP: 000000000<br>LEI: 959800XKAB9VNAVN9425 | Long             | EC               | CORP              | ES        |    120400 | NS      | $441643.44    | 1.02%             |  |  |  | No            |                  2 | On Loan: No      |
| International Container Terminal Services Inc      | International Container Terminal Services Inc                | CUSIP: 000000000<br>LEI: 254900FU1MWK0I0Q4J61 | Long             | EC               | CORP              | PH        |    127810 | NS      | $781709.15    | 1.81%             |  |  |  | No            |                  2 | On Loan: No      |
| Loma Negra Cia Industrial Argentina SA             | Loma Negra Cia Industrial Argentina SA                       | CUSIP: 54150E104<br>LEI: 529900VKOQQJ8U9DDK92 | Long             | EC               | CORP              | AR        |     41600 | NS      | $465920.00    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer