# EDGAR Filing Document

**Accession Number:** 0001597934
**File Stem:** 0001752724-23-047260
**Filing Date:** 2023-2
**Character Count:** 24305
**Document Hash:** 24e119886998bd9d3b7c25b63067a163
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-047260.hdr.sgml**: 20230228

**ACCESSION NUMBER**: 0001752724-23-047260

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230228

**DATE AS OF CHANGE**: 20230228

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** abrdn ETFs
- **CENTRAL INDEX KEY:** 0001597934
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22986
- **FILM NUMBER:** 23684255

**BUSINESS ADDRESS:**
- **STREET 1:** 712 FIFTH AVENUE
- **STREET 2:** 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 1-212-446-2020

**MAIL ADDRESS:**
- **STREET 1:** 712 FIFTH AVENUE
- **STREET 2:** 49TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**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:** 712 FIFTH AVENUE

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10019

  - **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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $280317908.54

**Total Liabilities:** $1926846.76

**Net Assets:** $278391061.78

**Amount of Assets Invested in Other Investment Companies:** $59775764.33

**Cash Not Reported:** $15838221.37

**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 | 1.84%                | 3.57%                | -0.74%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5886.11                | $12384.44                                  |
| Month 2  | $-2584.85                | $113036.46                                 |
| Month 3  | $858.33                  | $95164.72                                  |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| London Metal Exchange        | LME PRI ALUM FUTR JAN23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       159 | NC      | $-81299.94    | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | SOYBEAN FUTURE MAY23                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       221 | NC      | $794949.98    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796XS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14975899.95  | 5.38%             | 2023-01-19      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Bill - WI Post Auction | CUSIP: 912796ZM4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9969394.40   | 3.58%             | 2023-01-31      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR MAY23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -12 | NC      | $8731.33      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE JAN23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        61 | NC      | $3172930.24   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center  | SILVER FUTURE MAY23                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       113 | NC      | $1299880.94   | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796YL7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   7000000 | PA      | $6942019.00   | 2.49%             | 2023-03-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796YK9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13892866.40  | 4.99%             | 2023-03-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE MAR23                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -96 | NC      | $-173349.36   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796ZK8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10984284.52  | 3.95%             | 2023-01-17      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR MAR23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       159 | NC      | $263215.81    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR JAN23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -159 | NC      | $-221194.94   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE MAY23                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       100 | NC      | $176284.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.       | COFFEE 'C' FUTURE MAY23                       | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        83 | NC      | $55299.48     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE MAY23                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -7 | NC      | $40602.13     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE JAN23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -61 | NC      | $-2309869.76  | -0.83%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR MAR23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |      -159 | NC      | $-36204.94    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.       | COTTON NO.2 FUTR MAY23                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |        69 | NC      | $-36830.13    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange  | LEAN HOGS FUTURE JUN23                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       140 | NC      | $231787.92    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE MAR23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -60 | NC      | $-1826172.60  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME PRI ALUM FUTR MAY23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       166 | NC      | $24151.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  19500000 | PA      | $19483095.84  | 7.00%             | 2023-01-12      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.       | SUGAR 11 (WORLD) MAY23                        | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |       364 | NC      | $151014.92    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE JAN23                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        97 | NC      | $106665.23    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | CORN FUTURE MAY23                             | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       491 | NC      | $240447.58    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796YM5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10887448.99  | 3.91%             | 2023-03-30      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange | NATURAL GAS FUTR MAY23                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       574 | NC      | $-4691502.18  | -1.69%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13930464.66  | 5.00%             | 2023-02-16      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade       | WHEAT FUTURE(CBT) MAY23                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       202 | NC      | $-457843.69   | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | SOYBEAN OIL FUTR MAY23                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       238 | NC      | $-757740.62   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange  | LIVE CATTLE FUTR JUN23                        | CUSIP: 000000000<br>LEI: SNZ2OJLFK8MNNCLQOF39 | N/A              | DCO              |  | US        |       173 | NC      | $146627.76    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796Y60<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10937842.85  | 3.93%             | 2023-02-21      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center  | COPPER FUTURE MAY23                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       131 | NC      | $261415.95    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796S34<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13965335.86  | 5.02%             | 2023-01-26      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| New York Mercantile Exchange | NY HARB ULSD FUT MAY23                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        53 | NC      | $-264603.03   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796X95<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9997983.30   | 3.59%             | 2023-01-05      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe           | LOW SU GASOIL G MAY23                         | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       100 | NC      | $-681237.00   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange | GASOLINE RBOB FUT MAY23                       | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |        59 | NC      | $-114064.13   | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796ZJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   8000000 | PA      | $7994380.40   | 2.87%             | 2023-01-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796U31<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10897738.61  | 3.91%             | 2023-03-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Commodities Exchange Center  | GOLD 100 OZ FUTR JUN23                        | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |       222 | NC      | $469437.36    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796T33<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  12000000 | PA      | $11927866.92  | 4.28%             | 2023-02-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  15000000 | PA      | $14952470.85  | 5.37%             | 2023-02-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796ZT9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  14000000 | PA      | $13946850.82  | 5.01%             | 2023-02-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| ICE Futures Europe           | BRENT CRUDE FUTR JUL23                        | CUSIP: 000000000<br>LEI: 549300UF4R84F48NCH34 | N/A              | DCO              |  | GB        |       225 | NC      | $1347896.75   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE MAY23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        -4 | NC      | $-41308.64    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796ZU6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11000000 | PA      | $10948354.34  | 3.93%             | 2023-02-14      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE MAR23                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        96 | NC      | $-377074.36   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Invesco                      | Invesco Government & Agency Portfolio         | CUSIP: 825252885<br>LEI: 5493007T1J7WZ5QI1A47 | Long             | STIV             | RF                | US        |  10332977 | NS      | $10332977.12  | 3.71%             |  |  |  | No            |                  1 | On Loan: No      |
| New York Mercantile Exchange | WTI CRUDE FUTURE MAY23                        | CUSIP: 000000000<br>LEI: 5493008GFNDTXFPHWI47 | N/A              | DCO              |  | US        |       270 | NC      | $-639048.90   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME ZINC FUTURE JAN23                         | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |       -97 | NC      | $423546.48    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796ZL6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12970912.24  | 4.66%             | 2023-01-24      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade       | SOYBEAN MEAL FUTR MAY23                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       227 | NC      | $1349390.17   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE MAY23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        63 | NC      | $1753972.92   | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796ZH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9000000 | PA      | $9000000.00   | 3.23%             | 2023-01-03      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796XZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5976093.90   | 2.15%             | 2023-02-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| London Metal Exchange        | LME NICKEL FUTURE MAR23                       | CUSIP: 000000000<br>LEI: 213800NB8G5VRT1DXC91 | N/A              | DCO              |  | GB        |        60 | NC      | $2289116.40   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade       | KC HRW WHEAT FUT MAY23                        | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |       115 | NC      | $-256341.32   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury       | United States Treasury Bill                   | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  18000000 | PA      | $17877217.68  | 6.42%             | 2023-03-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-18

**Name of Applicant:** abrdn ETFs

**Signature:** Andrea Melia

**Name of Signer:** Andrea Melia

**Title:** Treasurer