# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001410368-26-067169
**Filing Date:** 2026-6
**Character Count:** 27656
**Document Hash:** c196c8f32bf9e93c9df2d6b138f5bab7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-067169.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001410368-26-067169

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**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:** 261126330

**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 Short Duration High Yield Municipal Fund (Series ID: S000061519)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000199213 | Class A             | AAHMX           |
| C000199214 | Institutional Class | AHYMX           |

## 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 Short Duration High Yield Municipal Fund

- **b. EDGAR series identifier (if any):** S000061519

- **c. LEI of Series:** 2549000NLXQH3PZ50Y82

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

- **a. Date of fiscal year-end:** 2026-10-31

- **b. Date as of which information is reported:** 2026-04-30

**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:** $29687116.44

**Total Liabilities:** $594442.65

**Net Assets:** $29092673.79

**Delayed Delivery Securities:** $481135.00

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -7.19000000 | **1-Year:** -204.75000000 | **5-Year:** -896.03000000 | **10-Year:** -2495.74000000 | **30-Year:** -1201.29000000

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

- **3-Month:** -96.18000000 | **1-Year:** -1161.14000000 | **5-Year:** -2767.64000000 | **10-Year:** -4702.89000000 | **30-Year:** -2406.56000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000199214 | 0.79%                | -1.19%               | 1.05%                |
| Class ID C000199213 | 0.77%                | -1.21%               | 1.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $60005.48                | $104625.28                                 |
| Month 2  | $2827.44                 | $-503236.81                                |
| Month 3  | $0.01                    | $188563.93                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INDIANA ST FIN AUTH STUDENT HSG REVENUE                      | Indiana Finance Authority                                 | CUSIP: 45471FAF8<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |    550000 | PA      | $526826.96    | 1.81%             | 2053-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AGY FL EDUCTNL FACS REVENUE                    | Capital Trust Agency Inc                                  | CUSIP: 14054CCN7<br>LEI: 549300F49UWS7X0OGQ59 | Long             | DBT              | MUN               | US        |    220000 | PA      | $203299.38    | 0.70%             | 2029-12-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| NEW HOPE CULTURAL ED FACS FIN CORP TX RETIREMENT FAC REVENUE | New Hope Cultural Education Facilities Finance Corp       | CUSIP: 64542UFR0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    751960 | PA      | $368548.08    | 1.27%             | 2061-11-15      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI SPL FAC REVENUE                           | Public Finance Authority                                  | CUSIP: 74446DAK4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    180000 | PA      | $186684.08    | 0.64%             | 2030-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BUCKEYE OH TOBACCO SETTLEMENT FING AUTH                      | Buckeye Tobacco Settlement Financing Authority            | CUSIP: 118217CZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $793120.90    | 2.73%             | 2055-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                | Capital Projects Finance Authority/FL                     | CUSIP: 140427CN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $230530.98    | 0.79%             | 2044-06-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                         | Arizona Industrial Development Authority                  | CUSIP: 04052BPR9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $118732.55    | 0.41%             | 2041-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE                                   | Public Finance Authority                                  | CUSIP: 74442PV28<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $508040.40    | 1.75%             | 2060-07-01      | Floating      | 6.00%                 | No            |                  2 | On Loan: No      |
| SHELBY CNTY TENN HEALTH EDL & HSG FAC BRD STUDENT HSG REVENU | Shelby County Health & Educational Facilities Board       | CUSIP: 82170LAA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $502988.65    | 1.73%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAINE ST FIN AUTH SOL WST DISP REVENUE                       | Finance Authority of Maine                                | CUSIP: 56042CAZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $262657.40    | 0.90%             | 2035-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HGR EDU FIN CORP EDU REVENUE                    | Arlington Higher Education Finance Corp                   | CUSIP: 041807GZ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    665000 | PA      | $631957.15    | 2.17%             | 2049-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                     | Iowa Finance Authority                                    | CUSIP: 46247SBN3<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $793282.50    | 2.73%             | 2053-05-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MADISON CNTY NY CAPITAL RESOURCE CORP CORP REVENUE           | Madison County Capital Resource Corp                      | CUSIP: 557363DJ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2299688 | PA      | $961708.22    | 3.31%             | 2022-09-01      | Fixed         | 5.50%                 | No            |                  3 | On Loan: No      |
| IOWA ST FIN AUTH REVENUE                                     | Iowa Finance Authority                                    | CUSIP: 46247SFV1<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    100000 | PA      | $93849.81     | 0.32%             | 2059-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                   | Suffolk Regional Off-Track Betting Co                     | CUSIP: 86480TAA2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154563.75    | 0.53%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH EDU REVENUE                         | Arizona Industrial Development Authority                  | CUSIP: 04052BPQ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $250418.79    | 0.86%             | 2037-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALACHUA CNTY FL HLTH FACS AUTH CCRC                          | Alachua County Health Facilities Authority                | CUSIP: 010684BN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $250178.75    | 0.86%             | 2030-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PALM BEACH CNTY FL HLTH FACS AUTH REVENUE                    | Palm Beach County Health Facilities Authority             | CUSIP: 696507VX7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251108.55    | 0.86%             | 2046-05-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                       | Public Finance Authority                                  | CUSIP: 74443DKY6<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    305000 | PA      | $284693.10    | 0.98%             | 2054-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BUILD NYC RESOURCE CORP NY REVENUE                           | Build NYC Resource Corp                                   | CUSIP: 12008ENE2<br>LEI: 549300GROJFKMNLWEK84 | Long             | DBT              | MUN               | US        |    430000 | PA      | $430076.50    | 1.48%             | 2026-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | California Infrastructure & Economic Development Bank     | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    430000 | PA      | $249400.00    | 0.86%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| SUFFOLK REGL OFF-TRACK BETTING CORP NY REV                   | Suffolk Regional Off-Track Betting Co                     | CUSIP: 86480TAC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306710.94    | 1.05%             | 2053-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| KANSAS INDEP CLG FIN AUTH                                    | Kansas Independent College Finance Authority              | CUSIP: 485435EZ0<br>LEI: 5493006W4J5J9MZ52C15 | Long             | DBT              | MUN               | US        |   2000000 | PA      | $2000000.00   | 6.87%             | 2026-05-01      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| TEXAS ST PRIV ACTIVITY BOND SURFACE TRANSPRTN CORP REVENUE   | Texas Private Activity Bond Surface Transportation Corp   | CUSIP: 882667AN8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $989138.80    | 3.40%             | 2058-06-30      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Desertxpress Enterprises LLC                                 | Desertxpress Enterprises LLC                              | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | N/A              | DE               |  | US        |     13456 | NS      | $20184.00     | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Bank & Trust Co.                                | REPOWER SOUTH BERKELEY                                    | CUSIP: 000000000<br>LEI: 571474TGEMMWANRLN572 | Long             | DBT              | CORP              | US        |    226254 | PA      | $0.00         | 0.00%             | 2045-02-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DEV AUTH EDUCTNL FACS REVENUE    | South Carolina Jobs-Economic Development Authority        | CUSIP: 83704MAS5<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    795000 | PA      | $775421.46    | 2.67%             | 2039-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                | Capital Projects Finance Authority/FL                     | CUSIP: 140427CA1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    685000 | PA      | $644425.94    | 2.22%             | 2048-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP EDUCTNL FACS REVENUE                 | Florida Development Finance Corp                          | CUSIP: 34061UNF1<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1053416.40   | 3.62%             | 2040-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SKAGIT CNTY WA PUBLIC HOSP DIST #1                           | Skagit County Public Hospital District No 1               | CUSIP: 830227EP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    375000 | PA      | $380807.59    | 1.31%             | 2054-12-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH EDUCTNL FACS REVENUE          | Maricopa County Industrial Development Authority          | CUSIP: 56678RAJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $413265.50    | 1.42%             | 2030-10-01      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HLTH FACS AUTH REVENUE                           | Colorado Health Facilities Authority                      | CUSIP: 19648FTK0<br>LEI: 5493002JB6DRFRZPEQ21 | Long             | DBT              | MUN               | US        |   2625000 | PA      | $2608813.73   | 8.97%             | 2030-05-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH SPL REVENUE                             | New Hampshire Business Finance Authority                  | CUSIP: 63608TBH2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1002442.20   | 3.45%             | 2034-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| ARIZONA ST INDL DEV AUTH SENIOR LIVING REVENUE               | Arizona Industrial Development Authority                  | CUSIP: 04052TDE2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1636309 | PA      | $851697.38    | 2.93%             | 2059-01-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | Public Finance Authority                                  | CUSIP: 744396CV2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $482670.40    | 1.66%             | 2047-07-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HGR EDU FACS FING AUTH FL HGR EDUCTNL FACS REVENUE           | Florida Higher Educational Facilities Financing Authority | CUSIP: 42982GAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1011666.20   | 3.48%             | 2035-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE        | Florida Local Government Finance Commission               | CUSIP: 34077UAK6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1003841.90   | 3.45%             | 2031-11-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH REVENUE                          | Public Finance Authority                                  | CUSIP: 744396CU4<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    600000 | PA      | $601322.82    | 2.07%             | 2037-07-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| FLORIDA LOC GOVT FIN COMMISSION SENIOR LIVING REVENUE        | Florida Local Government Finance Commission               | CUSIP: 34077UAL4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $802929.52    | 2.76%             | 2031-11-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH REVENUE                          | California Municipal Finance Authority                    | CUSIP: 13048V6V5<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501027.55    | 1.72%             | 2041-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FLORIDA ST DEV FIN CORP                                      | Florida Development Finance Corp                          | CUSIP: 34062AAC5<br>LEI: 549300HC854CNBLMWC48 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250667.08    | 0.86%             | 2044-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTERN REGL OFF-TRACK BETTING CORP REVENUE                  | Western Regional Off-Track Betting Corp                   | CUSIP: 959321AA8<br>LEI: 549300OJK9LIIXQUYY95 | Long             | DBT              | MUN               | US        |    265000 | PA      | $263553.37    | 0.91%             | 2026-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH REVENUE                          | California Municipal Finance Authority                    | CUSIP: 13048VUH9<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |     10000 | PA      | $10006.79     | 0.03%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FINGAUTH EXEMPT FACS REVENUE        | Pennsylvania Economic Development Financing Authority     | CUSIP: 708686ES5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001073.30   | 3.44%             | 2038-12-01      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC REVENUE                       | Public Finance Authority                                  | CUSIP: 74443DKZ3<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    265000 | PA      | $241164.44    | 0.83%             | 2064-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | Maricopa County Industrial Development Authority          | CUSIP: 56681NEN3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    635000 | PA      | $594156.80    | 2.04%             | 2049-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SUNLAND MED FNDTN ESCROW                                     | SUNLAND MED FNDTN ESCROW                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4100000 | PA      | $237545.80    | 0.82%             | 2050-01-01      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| OSCEOLA AR SOL WST DIST REVENUE                              | City of Osceola AR                                        | CUSIP: 688008AB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    835000 | PA      | $836432.44    | 2.88%             | 2036-04-01      | Floating      | 7.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHRT SCH REVENUE                  | California School Finance Authority                       | CUSIP: 13058TSF8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101338.27    | 0.35%             | 2043-08-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | Capital Trust Authority                                   | CUSIP: 14054WAQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    210000 | PA      | $213961.69    | 0.74%             | 2054-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CUYAHOGA CNTY OH PORT AUTH CULTURAL FAC REVENUE    | Cleveland-Cuyahoga County Port Authority                  | CUSIP: 18610PAS7<br>LEI: 549300KI3FXFLUKF3A98 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102015.23    | 0.35%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENUE                              | Public Finance Authority                                  | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $511086.25    | 1.76%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH EDUCTNL FACS REVENUE          | Maricopa County Industrial Development Authority          | CUSIP: 56678RAH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     70000 | PA      | $69695.92     | 0.24%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH EDU REVENUE                   | Maricopa County Industrial Development Authority          | CUSIP: 56681NJF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $752191.58    | 2.59%             | 2045-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CAPITAL TRUST AUTH FL EDUCTNL FACS REVENUE                   | Capital Trust Authority                                   | CUSIP: 14054WAP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $257548.90    | 0.89%             | 2044-06-15      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CAPITAL PROJS FL FIN AUTH STUDENT HSG REVENUE                | Capital Projects Finance Authority/FL                     | CUSIP: 140427CP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $123054.29    | 0.42%             | 2049-06-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-14

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer