# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001752724-25-137937
**Filing Date:** 2025-6
**Character Count:** 20943
**Document Hash:** 31cb03ec084cf87fb2df560d9269ea56
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-137937.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-137937

**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:** 251045363

**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 Focused Emerging Markets ex-China Fund (Series ID: S000072754)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000229254 | Institutional Class | JETIX           |
| C000229255 | Class A             | JETAX           |

## 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 Focused Emerging Markets ex-China Fund

- **b. EDGAR series identifier (if any):** S000072754

- **c. LEI of Series:** GRTMCON62OFT7QPSXS64

**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:** $39390101.17

**Total Liabilities:** $357026.54

**Net Assets:** $39033074.63

**Cash Not Reported:** $120800.60

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229255 | -2.20%               | -1.40%               | 3.91%                |
| Class ID C000229254 | -2.19%               | -1.33%               | 3.90%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $122643.23               | $-1022082.17                               |
| Month 2  | $2611709.24              | $-3296841.66                               |
| Month 3  | $-21969.80               | $1453880.98                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Grupo Mexico SAB de CV                              | Grupo Mexico SAB de CV                                       | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |     76065 | NS      | $394705.61    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV      | Grupo Aeroportuario del Centro Norte SAB de CV               | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |      4365 | NS      | $388354.05    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI India Small-Cap ETF                    | iShares MSCI India Small-Cap ETF                             | CUSIP: 46429B614<br>LEI: 549300ZTQ7NM17G19H49 | Long             | EC               | RF                | US        |     21700 | NS      | $1508801.00   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                                 | Larsen & Toubro Ltd                                          | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |     26985 | NS      | $1057812.00   | 2.71%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                         | Abu Dhabi Islamic Bank PJSC                                  | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |    143550 | NS      | $714702.11    | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                             | Mahindra & Mahindra Ltd                                      | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     31602 | NS      | $1083948.60   | 2.78%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Southern Copper Corp                                | Southern Copper Corp                                         | CUSIP: 84265V105<br>LEI: 2549007U6NAP46Q9TU15 | Long             | EC               | CORP              | US        |      8223 | NS      | $736122.96    | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Emirates Central Cooling Systems Corp               | Emirates Central Cooling Systems Corp                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AE        |   1297143 | NS      | $568573.86    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                 | NAC Kazatomprom JSC                                          | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     11041 | NS      | $367665.30    | 0.94%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Capstone Copper Corp                                | Capstone Copper Corp                                         | CUSIP: 14071L108<br>LEI: 549300III6KGKKC42W63 | Long             | EC               | CORP              | CA        |     35234 | NS      | $169703.87    | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Globant SA                                          | Globant SA                                                   | CUSIP: 000000000<br>LEI: 2221008DCMSPYS42DS88 | Long             | EC               | CORP              | LU        |      2510 | NS      | $295100.70    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                     | Telkom Indonesia Persero Tbk PT                              | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |   4155400 | NS      | $654968.56    | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| ASML Holding NV                                     | ASML Holding NV                                              | CUSIP: 000000000<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |       554 | NS      | $370116.32    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| MediaTek Inc                                        | MediaTek Inc                                                 | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     17000 | NS      | $722382.16    | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| Infosys Ltd                                         | Infosys Ltd                                                  | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Long             | EC               | CORP              | IN        |     58320 | NS      | $1026432.00   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd | HD Korea Shipbuilding & Offshore Engineering Co Ltd          | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |      4588 | NS      | $877669.04    | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                      | Chroma ATE Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     76000 | NS      | $694734.24    | 1.78%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Biologics Co Ltd                            | Samsung Biologics Co Ltd                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |       768 | NS      | $568372.60    | 1.46%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Samsung E&A Co Ltd                                  | Samsung E&A Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |     30207 | NS      | $408439.57    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UltraTech Cement Ltd                                | UltraTech Cement Ltd                                         | CUSIP: 90403E202<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |      5739 | NS      | $790775.66    | 2.03%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Bank Central Asia Tbk PT                            | Bank Central Asia Tbk PT                                     | CUSIP: 69368G105<br>LEI: 254900BR956G2OHVOM21 | Long             | EC               | CORP              | ID        |     65140 | NS      | $881995.60    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Makalot Industrial Co Ltd                           | Makalot Industrial Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     41000 | NS      | $364805.65    | 0.93%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                               | Aldar Properties PJSC                                        | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    241126 | NS      | $543004.62    | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Shinhan Financial Group Co Ltd                      | Shinhan Financial Group Co Ltd                               | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     22468 | NS      | $808398.64    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares MSCI India ETF                              | iShares MSCI India ETF                                       | CUSIP: 46429B598<br>LEI: 549300282VMCFH7S5848 | Long             | EC               | RF                | US        |     76459 | NS      | $4095908.63   | 10.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Riyadh Cables Group Co                              | Riyadh Cables Group Co                                       | CUSIP: 000000000<br>LEI: 558600VWEJBGFYTZ1S78 | Long             | EC               | CORP              | SA        |     17624 | NS      | $597966.05    | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Fomento Economico Mexicano SAB de CV                | Fomento Economico Mexicano SAB de CV                         | CUSIP: 344419106<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |      7057 | NS      | $743172.67    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Talabat Holding PLC                                 | Talabat Holding PLC                                          | CUSIP: 000000000<br>LEI: 529900MAA20AIKRXOA24 | Long             | EC               | CORP              | AE        |    732865 | NS      | $282365.27    | 0.72%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                               | Delta Electronics Inc                                        | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     39000 | NS      | $408649.65    | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Itau Unibanco Holding SA                            | Itau Unibanco Holding SA                                     | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    156264 | NS      | $986025.84    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                              | Accton Technology Corp                                       | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     23000 | NS      | $428405.34    | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung C&T Corp                                    | Samsung C&T Corp                                             | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |      5646 | NS      | $485891.28    | 1.24%             |  |  |  | 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        |    185273 | NS      | $185272.55    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                        | Kaspi.KZ JSC                                                 | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      3731 | NS      | $327917.59    | 0.84%             |  |  |  | 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        |    372553 | NS      | $372553.20    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| NU Holdings Ltd/Cayman Islands                      | NU Holdings Ltd/Cayman Islands                               | CUSIP: 000000000<br>LEI: 5493002DG1RHWK9W2X27 | Long             | EC               | CORP              | KY        |     54538 | NS      | $677907.34    | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                    | Raia Drogasil SA                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    145054 | NS      | $507100.49    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Al Rajhi Bank                                       | Al Rajhi Bank                                                | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |     44509 | NS      | $1156252.43   | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd           | Taiwan Semiconductor Manufacturing Co Ltd                    | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     54000 | NS      | $1530065.77   | 3.92%             |  |  |  | No            |                  2 | On Loan: No      |
| Credicorp Ltd                                       | Credicorp Ltd                                                | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      1944 | NS      | $393057.36    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd           | Taiwan Semiconductor Manufacturing Co Ltd                    | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     22943 | NS      | $3824368.67   | 9.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                    | MercadoLibre Inc                                             | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | US        |       237 | NS      | $552411.45    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                      | ICICI Bank Ltd                                               | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     56061 | NS      | $1881407.16   | 4.82%             |  |  |  | No            |                  1 | On Loan: No      |
| InPost SA                                           | InPost SA                                                    | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |     45307 | NS      | $765320.55    | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                          | Sanlam Ltd                                                   | CUSIP: 80104Q208<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |     83338 | NS      | $759209.18    | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PRIO SA/Brazil                                      | PRIO SA/Brazil                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |     59686 | NS      | $354530.73    | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung Electronics Co Ltd                          | Samsung Electronics Co Ltd                                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |     53999 | NS      | $1782541.83   | 4.57%             |  |  |  | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer