# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001752724-25-137934
**Filing Date:** 2025-6
**Character Count:** 19811
**Document Hash:** 7c64fd50adf0faf2115c74271d68601a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-137934.hdr.sgml**: 20250613

**ACCESSION NUMBER**: 0001752724-25-137934

**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:** 251045360

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

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

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

## Series and Classes Contracts Data

### abrdn International Small Cap Fund (Series ID: S000025402)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000075914 | Institutional Class | ABNIX           |
| C000076089 | Class C             | CPVCX           |
| C000076090 | Class R             | WPVAX           |
| C000076092 | Class A             | WVCCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** PHILADELPHIA

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19103

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

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

- **a. Name of Series:** abrdn International Small Cap Fund

- **b. EDGAR series identifier (if any):** S000025402

- **c. LEI of Series:** 549300O47WVHO25SKY78

**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:** $116524447.72

**Total Liabilities:** $1371834.31

**Net Assets:** $115152613.41

**Cash Not Reported:** $33510.81

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000075914 | -0.92%               | -4.65%               | 6.40%                |
| Class ID C000076092 | -0.94%               | -4.69%               | 6.39%                |
| Class ID C000076090 | -0.98%               | -4.72%               | 6.36%                |
| Class ID C000076089 | -0.99%               | -4.76%               | 6.31%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1016552.63              | $-2169863.63                               |
| Month 2  | $1506013.58              | $-7079416.84                               |
| Month 3  | $1574457.19              | $5228649.68                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nova Ltd                               | Nova Ltd                                                   | CUSIP: 000000000<br>LEI: 529900B2DSWE5V3SC292 | Long             | EC               | CORP              | IL        |      8922 | NS      | $1750585.62   | 1.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Interpump Group SpA                    | Interpump Group SpA                                        | CUSIP: 000000000<br>LEI: 815600C79D0F31F4D395 | Long             | EC               | CORP              | IT        |     34844 | NS      | $1195071.65   | 1.04%             |  |  |  | No            |                  2 | On Loan: No      |
| Regional SAB de CV                     | Regional SAB de CV                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    333265 | NS      | $2343501.87   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Gaztransport Et Technigaz SA           | Gaztransport Et Technigaz SA                               | CUSIP: 000000000<br>LEI: 969500BVOHVZUUFWDT54 | Long             | EC               | CORP              | FR        |     33413 | NS      | $5446412.08   | 4.73%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanwa Holdings Corp                    | Sanwa Holdings Corp                                        | CUSIP: 000000000<br>LEI: 5299003X6BCA4ROO5A70 | Long             | EC               | CORP              | JP        |    103700 | NS      | $3403711.94   | 2.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Steadfast Group Ltd                    | Steadfast Group Ltd                                        | CUSIP: 000000000<br>LEI: 9845003B6BEAA12DBD91 | Long             | EC               | CORP              | AU        |    647634 | NS      | $2433719.89   | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Johns Lyng Group Ltd                   | Johns Lyng Group Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    443013 | NS      | $630037.50    | 0.55%             |  |  |  | No            |                  2 | On Loan: No      |
| AddTech AB                             | AddTech AB                                                 | CUSIP: 000000000<br>LEI: 549300QZ5U2IDRHPWL60 | Long             | EC               | CORP              | SE        |     82582 | NS      | $2778259.70   | 2.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Rational AG                            | Rational AG                                                | CUSIP: 000000000<br>LEI: 529900K139N6UFJ1A758 | Long             | EC               | CORP              | DE        |      1588 | NS      | $1362558.12   | 1.18%             |  |  |  | No            |                  2 | On Loan: No      |
| Intermediate Capital Group PLC         | Intermediate Capital Group PLC                             | CUSIP: 000000000<br>LEI: 549300OGASR5WRKJ8R68 | Long             | EC               | CORP              | GB        |    120583 | NS      | $3033141.76   | 2.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Borregaard ASA                         | Borregaard ASA                                             | CUSIP: 000000000<br>LEI: 5967007LIEEXZXGYXC05 | Long             | EC               | CORP              | NO        |     96921 | NS      | $1662024.57   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Gamma Communications PLC               | Gamma Communications PLC                                   | CUSIP: 000000000<br>LEI: 213800LAQZXPRIZUEH50 | Long             | EC               | CORP              | GB        |    203594 | NS      | $3619540.54   | 3.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Elite Material Co Ltd                  | Elite Material Co Ltd                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     66000 | NS      | $1148626.22   | 1.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Newgen Software Technologies Ltd       | Newgen Software Technologies Ltd                           | CUSIP: 000000000<br>LEI: 335800WRTIML8UTR8X82 | Long             | EC               | CORP              | IN        |     78739 | NS      | $918919.52    | 0.80%             |  |  |  | No            |                  2 | On Loan: No      |
| CyberArk Software Ltd                  | CyberArk Software Ltd                                      | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |      8416 | NS      | $2963778.56   | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                         | Chroma ATE Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    110000 | NS      | $1005536.40   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| Dino Polska SA                         | Dino Polska SA                                             | CUSIP: 000000000<br>LEI: 259400H4L81SMPRTW956 | Long             | EC               | CORP              | PL        |     36452 | NS      | $5110109.83   | 4.44%             |  |  |  | Yes           |                  2 | On Loan: No      |
| CIE Automotive SA                      | CIE Automotive SA                                          | CUSIP: 000000000<br>LEI: 95980020140005381252 | Long             | EC               | CORP              | ES        |     83906 | NS      | $2218113.94   | 1.93%             |  |  |  | No            |                  2 | On Loan: No      |
| SHO-BOND Holdings Co Ltd               | SHO-BOND Holdings Co Ltd                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     79400 | NS      | $2850173.41   | 2.48%             |  |  |  | No            |                  2 | On Loan: No      |
| ALS Ltd                                | ALS Ltd                                                    | CUSIP: 000000000<br>LEI: 549300RYCQ8DMIO2J661 | Long             | EC               | CORP              | AU        |    241970 | NS      | $2655006.97   | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| CTS Eventim AG & Co KGaA               | CTS Eventim AG & Co KGaA                                   | CUSIP: 000000000<br>LEI: 529900FDHSN08UBJII80 | Long             | EC               | CORP              | DE        |     46923 | NS      | $5559764.38   | 4.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Games Workshop Group PLC               | Games Workshop Group PLC                                   | CUSIP: 000000000<br>LEI: 213800RP9QJQYGWHNT41 | Long             | EC               | CORP              | GB        |     22291 | NS      | $4590661.37   | 3.99%             |  |  |  | No            |                  2 | On Loan: No      |
| Hill & Smith PLC                       | Hill & Smith PLC                                           | CUSIP: 000000000<br>LEI: 2138003A3ISGQZBOWI83 | Long             | EC               | CORP              | GB        |     66702 | NS      | $1603532.42   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Jungheinrich AG                        | Jungheinrich AG                                            | CUSIP: 000000000<br>LEI: 529900PHZORTU6FSXE73 | Long             | EP               | CORP              | DE        |     79720 | NS      | $2897247.43   | 2.52%             |  |  |  | No            |                  2 | On Loan: No      |
| 4imprint Group PLC                     | 4imprint Group PLC                                         | CUSIP: 000000000<br>LEI: 213800G95T751RN2CT94 | Long             | EC               | CORP              | GB        |     29897 | NS      | $1369394.13   | 1.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Japan Elevator Service Holdings Co Ltd | Japan Elevator Service Holdings Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    234500 | NS      | $5069694.34   | 4.40%             |  |  |  | No            |                  2 | On Loan: No      |
| Makalot Industrial Co Ltd              | Makalot Industrial Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    226720 | NS      | $2017286.27   | 1.75%             |  |  |  | No            |                  2 | On Loan: No      |
| Alpha Group International PLC          | Alpha Group International PLC                              | CUSIP: 000000000<br>LEI: 213800RESM1FPUXY6K31 | Long             | EC               | CORP              | GB        |     68856 | NS      | $2520723.82   | 2.19%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Open Up Group Inc                      | Open Up Group Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    127000 | NS      | $1635934.82   | 1.42%             |  |  |  | No            |                  2 | On Loan: No      |
| FinecoBank Banca Fineco SpA            | FinecoBank Banca Fineco SpA                                | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |     63383 | NS      | $1268352.47   | 1.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Fabrinet                               | Fabrinet                                                   | CUSIP: 000000000<br>LEI: 5493004TETZ6IYF7CV44 | Long             | EC               | CORP              | KY        |      8482 | NS      | $1739318.92   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Nihon M&A Center Holdings Inc          | Nihon M&A Center Holdings Inc                              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    212700 | NS      | $867547.36    | 0.75%             |  |  |  | No            |                  2 | On Loan: No      |
| UNO Minda Ltd                          | UNO Minda Ltd                                              | CUSIP: 000000000<br>LEI: 335800Y2G59FEIQRLG14 | Long             | EC               | CORP              | IN        |    201622 | NS      | $2114244.17   | 1.84%             |  |  |  | No            |                  2 | On Loan: No      |
| Diploma PLC                            | Diploma PLC                                                | CUSIP: 000000000<br>LEI: 2138008OGI7VYG8FGR19 | Long             | EC               | CORP              | GB        |     63706 | NS      | $3380338.81   | 2.94%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors           | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   5086868 | NS      | $5086868.50   | 4.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Asics Corp                             | Asics Corp                                                 | CUSIP: 000000000<br>LEI: 3538002LJMRZ83SU0B85 | Long             | EC               | CORP              | JP        |    177800 | NS      | $3821640.93   | 3.32%             |  |  |  | No            |                  2 | On Loan: No      |
| Interparfums SA                        | Interparfums SA                                            | CUSIP: 000000000<br>LEI: 969500SARWF33OPQED48 | Long             | EC               | CORP              | FR        |     77618 | NS      | $3076529.86   | 2.67%             |  |  |  | No            |                  2 | On Loan: No      |
| Brunello Cucinelli SpA                 | Brunello Cucinelli SpA                                     | CUSIP: 000000000<br>LEI: 5493003CX2RZ0FOBH256 | Long             | EC               | CORP              | IT        |     15701 | NS      | $1772637.62   | 1.54%             |  |  |  | No            |                  2 | On Loan: No      |
| FPT Corp                               | FPT Corp                                                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | VN        |    573658 | NS      | $2426278.98   | 2.11%             |  |  |  | No            |                  2 | On Loan: No      |
| Zenkoku Hosho Co Ltd                   | Zenkoku Hosho Co Ltd                                       | CUSIP: 000000000<br>LEI: 353800VOQEKTSCSL9O03 | Long             | EC               | CORP              | JP        |     52100 | NS      | $1130364.80   | 0.98%             |  |  |  | No            |                  2 | On Loan: No      |
| Poly Medicure Ltd                      | Poly Medicure Ltd                                          | CUSIP: 000000000<br>LEI: 335800XM9YRKFWFVXO61 | Long             | EC               | CORP              | IN        |    153848 | NS      | $4696633.19   | 4.08%             |  |  |  | No            |                  2 | On Loan: No      |
| BayCurrent Inc                         | BayCurrent Inc                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |     66900 | NS      | $3604810.74   | 3.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Sinbon Electronics Co Ltd              | Sinbon Electronics Co Ltd                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    253000 | NS      | $1762716.63   | 1.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Voltronic Power Technology Corp        | Voltronic Power Technology Corp                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     40500 | NS      | $1899095.18   | 1.65%             |  |  |  | No            |                  2 | On Loan: No      |
| Sweco AB                               | Sweco AB                                                   | CUSIP: 000000000<br>LEI: 549300Q4Y55VICYV6U90 | Long             | EC               | CORP              | SE        |     62528 | NS      | $1099989.05   | 0.96%             |  |  |  | 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