# EDGAR Filing Document

**Accession Number:** 0000790500
**File Stem:** 0001410368-26-029991
**Filing Date:** 2026-3
**Character Count:** 208795
**Document Hash:** 3cbafdc6d44328fcbb5e65cc0f828b22
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-029991.hdr.sgml**: 20260325

**ACCESSION NUMBER**: 0001410368-26-029991

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260131

**FILED AS OF DATE**: 20260325

**DATE AS OF CHANGE**: 20260325

**PERIOD START**: 20261031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABRDN ASIA-PACIFIC INCOME FUND, INC.
- **CENTRAL INDEX KEY:** 0000790500

**ORGANIZATION NAME:**
- **EIN:** 133334183
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-04611
- **FILM NUMBER:** 26789694

**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 ASIA-PACIFIC INCOME FUND INC
- **DATE OF NAME CHANGE:** 20041102

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEEN ASIA PACIFIC INCOME FUND INC
- **DATE OF NAME CHANGE:** 20010531

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABERDEN ASIA-PACIFIC INCOME FUND INC
- **DATE OF NAME CHANGE:** 20010531

## Nport-Ex

### Portfolio of Investments (unaudited) <br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**GOVERNMENT BONDS—75.9%** | &nbsp;&nbsp;**GOVERNMENT BONDS—75.9%** |  |
| &nbsp;&nbsp;**BRAZIL—3.8%** |  |  |
| &nbsp;&nbsp;Brazil Notas do Tesouro Nacional |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.00%, 01/01/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73000000 | &nbsp;&nbsp;&nbsp;$13023684 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.00%, 01/01/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4887903 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.00%, 01/01/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7937379 |
| &nbsp;&nbsp;**Total Brazil** |  | &nbsp;&nbsp;&nbsp;&nbsp;**25848966** |
| &nbsp;&nbsp;**CHINA—6.4%** |  |  |
| &nbsp;&nbsp;China Government Bond, 1.63%, 10/25/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9370908 |
| &nbsp;&nbsp;China Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.46%, 05/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2019347 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.67%, 05/25/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;175500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24992103 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.88%, 04/25/2055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6674945 |
| &nbsp;&nbsp;**Total China** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**43057303** |
| &nbsp;&nbsp;**DOMINICAN REPUBLIC—0.6%** |  |  |
| &nbsp;&nbsp;Dominican Republic International Bonds, 13.63%, 02/03/2033<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;219950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4280525 |
| &nbsp;&nbsp;**EGYPT—0.4%** |  |  |
| &nbsp;&nbsp;Egyptian Financial Co. for Sovereign Taskeek, 10.88%, 02/28/2026<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3007530 |
| &nbsp;&nbsp;**HONG KONG—2.4%** |  |  |
| &nbsp;&nbsp;Airport Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.88%, 01/12/2033<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1395797 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.13%, 01/15/2035<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2131000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2257776 |
| &nbsp;&nbsp;Hong Kong Government Infrastructure Bonds Programme |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.76%, 04/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6191959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.17%, 07/24/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6385670 |
| &nbsp;&nbsp;**Total Hong Kong** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**16231202** |
| &nbsp;&nbsp;**INDIA—1.6%** |  |  |
| &nbsp;&nbsp;Export-Import Bank of India |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/18/2033<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2604902 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.75%, 01/12/2056<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2531955 |
| &nbsp;&nbsp;India Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.79%, 05/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;325000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3569532 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.20%, 09/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9590000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.40%, 09/19/2062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1764420 |
| &nbsp;&nbsp;**Total India** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10586272** |
| &nbsp;&nbsp;**INDONESIA—11.9%** |  |  |
| &nbsp;&nbsp;Indonesia Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.50%, 10/12/2035<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12880000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16321398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.75%, 01/17/2038<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7406297 |
| &nbsp;&nbsp;Indonesia Treasury Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.00%, 03/15/2029 | 160000000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10466078 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.25%, 05/15/2029 | 200000000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12856717 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.75%, 05/15/2031 | 235000000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15778672 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.50%, 07/15/2031 | &nbsp;&nbsp;16000000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1110477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.00%, 02/15/2033 | 205000000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12628538 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 07/15/2035 | &nbsp;&nbsp;20000000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1219541 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.38%, 04/15/2039 | &nbsp;&nbsp;38500000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2650387 |
| &nbsp;&nbsp;**Total Indonesia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**80438105** |

---

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**KYRGYZSTAN—0.4%** |  |  |
| &nbsp;&nbsp;Kyrgyz Republic International Bonds, 7.75%, 06/03/2030<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2760000 | &nbsp;&nbsp;&nbsp;&nbsp;$2866310 |
| &nbsp;&nbsp;**LAOS—0.8%** |  |  |
| &nbsp;&nbsp;Laos Government International Bonds, 11.25%, 11/12/2030<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5250000 |
| &nbsp;&nbsp;**MALAYSIA—14.5%** |  |  |
| &nbsp;&nbsp;Malaysia Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.34%, 05/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3807458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.84%, 04/15/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5183147 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.64%, 11/07/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8174768 |
| &nbsp;&nbsp;Malaysia Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.90%, 11/16/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1289690 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.52%, 04/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5126027 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.73%, 06/15/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1288020 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.89%, 08/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5190954 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.63%, 04/15/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6120441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.58%, 07/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15335769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.83%, 07/05/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4398485 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.25%, 05/31/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5352289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.76%, 04/07/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2787183 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.70%, 10/15/2042 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1817246 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.18%, 05/16/2044 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1831986 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.07%, 06/15/2050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2516617 |
| &nbsp;&nbsp;Malaysia Government Investment Issue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.60%, 07/31/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15395722 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.64%, 08/30/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12881388 |
| &nbsp;&nbsp;**Total Malaysia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**98497190** |
| &nbsp;&nbsp;**MEXICO—4.0%** |  |  |
| &nbsp;&nbsp;Mexico Bonos, 8.50%, 05/31/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27257606 |
| &nbsp;&nbsp;**MONGOLIA—0.6%** |  |  |
| &nbsp;&nbsp;Development Bank of Mongolia LLC, 8.50%, 07/03/2028<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3946820 |
| &nbsp;&nbsp;**PAKISTAN—4.6%** |  |  |
| &nbsp;&nbsp;Pakistan Government International Bonds, 6.88%, 12/05/2027<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3044954 |
| &nbsp;&nbsp;Pakistan Investment Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.00%, 02/15/2027 | &nbsp;&nbsp;&nbsp;&nbsp;5200000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19197360 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.00%, 09/20/2027 | &nbsp;&nbsp;&nbsp;&nbsp;2400000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9020310 |
| &nbsp;&nbsp;**Total Pakistan** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**31262624** |
| &nbsp;&nbsp;**PHILIPPINES—9.8%** |  |  |
| &nbsp;&nbsp;Philippines Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.00%, 07/19/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;755000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14159505 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.75%, 09/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;893370000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15911878 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.63%, 08/17/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148140000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2620472 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.25%, 01/25/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;440220000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7618382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.25%, 11/05/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;435710000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9013769 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.00%, 09/30/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;260310000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5069076 |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (continued)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**GOVERNMENT BONDS (continued)** | &nbsp;&nbsp;**GOVERNMENT BONDS (continued)** |  |
| &nbsp;&nbsp;**PHILIPPINES (continued)** |  |  |
| &nbsp;&nbsp;Philippines Government International Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.38%, 10/23/2034 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$7211487 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.50%, 01/17/2048 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5124439 |
| &nbsp;&nbsp;**Total Philippines** |  | &nbsp;&nbsp;&nbsp;&nbsp;**66729008** |
| &nbsp;&nbsp;**SAUDI ARABIA—0.4%** |  |  |
| &nbsp;&nbsp;Saudi Government International Bonds, 5.75%, 01/16/2054<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2909221 |
| &nbsp;&nbsp;**SINGAPORE—1.9%** |  |  |
| &nbsp;&nbsp;Singapore Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.75%, 03/01/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3593192 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.25%, 06/01/2054<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8957008 |
| &nbsp;&nbsp;**Total Singapore** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**12550200** |
| &nbsp;&nbsp;**SOUTH AFRICA—3.9%** |  |  |
| &nbsp;&nbsp;Republic of South Africa Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.25%, 03/31/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;256987600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16357067 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.50%, 01/31/2037 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;165000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10291520 |
| &nbsp;&nbsp;**Total South Africa** |  | &nbsp;&nbsp;&nbsp;&nbsp;**26648587** |
| &nbsp;&nbsp;**SOUTH KOREA—2.6%** |  |  |
| &nbsp;&nbsp;Export-Import Bank of Korea, 5.13%, 01/11/2033 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3684000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3845231 |
| &nbsp;&nbsp;Korea Housing Finance Corp., 5.13%, 01/21/2030<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3626941 |
| &nbsp;&nbsp;Korea Treasury Bonds, 2.50%, 03/10/2052 | &nbsp;&nbsp;18300000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10346893 |
| &nbsp;&nbsp;**Total South Korea** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**17819065** |
| &nbsp;&nbsp;**SRI LANKA—0.6%** |  |  |
| &nbsp;&nbsp;Sri Lanka Government Bonds, 11.00%, 12/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;880000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2968429 |
| &nbsp;&nbsp;Sri Lanka Government International Bonds, 3.35%, 03/15/2033<sup>(a)(c)(d)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1375500 |
| &nbsp;&nbsp;**Total Sri Lanka** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**4343929** |
| &nbsp;&nbsp;**THAILAND—4.0%** |  |  |
| &nbsp;&nbsp;Thailand Government Bond |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.66%, 03/17/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3085875 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.80%, 06/17/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1534494 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.40%, 06/17/2036 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2140582 |
| &nbsp;&nbsp;Thailand Government Bonds |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.41%, 03/17/2035 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10571974 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.70%, 06/17/2040 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3625712 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.98%, 06/17/2045 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;180000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5822298 |
| &nbsp;&nbsp;**Total Thailand** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26780935** |
| &nbsp;&nbsp;**TURKEY—0.4%** |  |  |
| &nbsp;&nbsp;Turkiye Ihracat Kredi Bankasi AS, 6.88%, 07/03/2028<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2584822 |
| &nbsp;&nbsp;**URUGUAY—0.3%** |  |  |
| &nbsp;&nbsp;Uruguay Government International Bonds, 8.25%, 05/21/2031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79419234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2131084 |
| &nbsp;&nbsp;**Total Government Bonds** |  | &nbsp;&nbsp;&nbsp;&nbsp;**515027304** |

---

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**CORPORATE BONDS—75.8%** | &nbsp;&nbsp;**CORPORATE BONDS—75.8%** |  |
| &nbsp;&nbsp;**AUSTRALIA—7.0%** |  |  |
| &nbsp;&nbsp;Australia & New Zealand Banking Group Ltd., (fixed rate to 08/12/2027, variable rate thereafter), 5.91%, 08/12/2027<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$635496 |
| &nbsp;&nbsp;Commonwealth Bank of Australia |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 11/09/2027, variable rate thereafter), 6.86%, 11/09/2027<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2869994 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 03/15/2033, variable rate thereafter), 6.70%, 03/15/2033<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5494151 |
| &nbsp;&nbsp;Mineral Resources Ltd., 8.00%, 11/01/2027<sup>(a)(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3067863 |
| &nbsp;&nbsp;National Australia Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 08/03/2027, variable rate thereafter), 6.32%, 08/03/2027<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5324990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 03/09/2028, variable rate thereafter), 6.16%, 03/09/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1065855 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.43%, 01/12/2033<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1083657 |
| &nbsp;&nbsp;NBN Co. Ltd., 4.15%, 09/16/2030<sup>(a)(b)</sup> | &nbsp;&nbsp; 2907000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2892581 |
| &nbsp;&nbsp;Perenti Finance Pty. Ltd., 7.50%, 04/26/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3945690 |
| &nbsp;&nbsp;Santos Finance Ltd., 4.13%, 09/14/2027<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4876298 |
| &nbsp;&nbsp;Wesfarmers Ltd., 2.55%, 06/23/2031<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4240870 |
| &nbsp;&nbsp;Westpac Banking Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.20%, 04/16/2026 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;250735 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 06/23/2028, variable rate thereafter), 6.49%, 06/23/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3587596 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 06/23/2033, variable rate thereafter), 6.93%, 06/23/2033<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3709458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 11/15/2033, variable rate thereafter), 7.20%, 11/15/2033<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4523129 |
| &nbsp;&nbsp;**Total Australia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**47568363** |
| &nbsp;&nbsp;**BAHRAIN—0.4%** |  |  |
| &nbsp;&nbsp;Bapco Energies BSC Closed, 7.50%, 10/25/2027<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2577100 |
| &nbsp;&nbsp;**CHINA—7.7%** |  |  |
| &nbsp;&nbsp;Alibaba Group Holding Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 11/28/2034<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2460996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 11/26/2054<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2350000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2387449 |
| &nbsp;&nbsp;CFAMC III Co. Ltd., 4.75%, 04/27/2027<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4516380 |
| &nbsp;&nbsp;China Hongqiao Group Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.05%, 01/10/2028<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2380500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.93%, 11/29/2028<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2252000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2347732 |
| &nbsp;&nbsp;China Oil & Gas Group Ltd., 7.00%, 02/04/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4993750 |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (continued)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**CORPORATE BONDS (continued)** | &nbsp;&nbsp;**CORPORATE BONDS (continued)** |  |
| &nbsp;&nbsp;**CHINA (continued)** |  |  |
| &nbsp;&nbsp;Far East Horizon Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.63%, 04/16/2027<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4800000 | &nbsp;&nbsp;&nbsp;&nbsp;$4902501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.25%, 01/13/2029<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2413000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2418285 |
| &nbsp;&nbsp;Fortune Star BVI Ltd., 8.50%, 05/19/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4856998 |
| &nbsp;&nbsp;Health & Happiness H&H International Holdings Ltd., 9.13%, 07/24/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5193020 |
| &nbsp;&nbsp;Industrial & Commercial Bank of China Ltd., Series 2022-1, 3.28%, 01/20/2032<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4379868 |
| &nbsp;&nbsp;Meituan, 5.13%, 11/05/2035<sup>(a)(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2495000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2470800 |
| &nbsp;&nbsp;Shui On Development Holding Ltd., 9.75%, 01/26/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3794325 |
| &nbsp;&nbsp;Zhongsheng Group Holdings Ltd., 5.98%, 01/30/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4810000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4850119 |
| &nbsp;&nbsp;**Total China** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**51952723** |
| &nbsp;&nbsp;**FRANCE—0.8%** |  |  |
| &nbsp;&nbsp;BNP Paribas SA, VRN, (fixed rate to 08/14/2028, variable rate thereafter), 8.50%, 08/14/2028<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5240000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5610961 |
| &nbsp;&nbsp;**GEORGIA—1.4%** |  |  |
| &nbsp;&nbsp;Bank of Georgia JSC, VRN, (fixed rate to 07/16/2029, variable rate thereafter), 9.50%, 07/16/2029<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2623486 |
| &nbsp;&nbsp;Georgia Global Utilities JSC, 8.88%, 07/25/2029<sup>(a)(b)</sup> | &nbsp;&nbsp; 4119000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4352959 |
| &nbsp;&nbsp;Silk Road Group Holding LLC, 7.50%, 09/15/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2379000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2420100 |
| &nbsp;&nbsp;**Total Georgia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**9396545** |
| &nbsp;&nbsp;**HONG KONG—9.5%** |  |  |
| &nbsp;&nbsp;AIA Group Ltd., 5.63%, 10/25/2027<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3854850 |
| &nbsp;&nbsp;Bank of East Asia Ltd., VRN, (fixed rate to 03/15/2026, variable rate thereafter), 6.75%, 03/15/2026<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2506327 |
| &nbsp;&nbsp;China Ping An Insurance Overseas Holdings Ltd., 5.00%, 10/08/2035<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1260000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1253545 |
| &nbsp;&nbsp;CS Treasury Management Services P Ltd., 9.00%, 06/05/2026<sup>(a)(d)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2555114 |
| &nbsp;&nbsp;Elect Global Investments Ltd., VRN, (fixed rate to 09/11/2030, variable rate thereafter), 7.20%, 09/11/2030<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9728242 |
| &nbsp;&nbsp;Hongkong Land Finance Cayman Islands Co. Ltd., 5.25%, 07/14/2033<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5158825 |
| &nbsp;&nbsp;Hutchison Whampoa Finance CI Ltd., 7.50%, 08/01/2027<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16262878 |

---

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;Hutchison Whampoa International 03/33 Ltd., 7.45%, 11/24/2033<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;980000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1142589 |
| &nbsp;&nbsp;Melco Resorts Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.63%, 04/17/2032<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4769000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.63%, 04/17/2032<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3145740 |
| &nbsp;&nbsp;MTR Corp. CI Ltd., VRN, (fixed rate to 09/24/2035, variable rate thereafter), 5.63%, 09/24/2035<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3157113 |
| &nbsp;&nbsp;MTR Corp. Ltd., 5.25%, 04/01/2055<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1300356 |
| &nbsp;&nbsp;NWD Finance BVI Ltd., (fixed rate to 03/22/2026, variable rate thereafter), 5.25%, 03/22/2026<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2879657 |
| &nbsp;&nbsp;NWD MTN Ltd., 8.63%, 02/08/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1169912 |
| &nbsp;&nbsp;Prudential Funding Asia PLC, VRN, (fixed rate to 08/03/2028, variable rate thereafter), 2.95%, 08/03/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5201333 |
| &nbsp;&nbsp;**Total Hong Kong** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**64317158** |
| &nbsp;&nbsp;**INDIA—12.0%** |  |  |
| &nbsp;&nbsp;Axis Bank Ltd., VRN, (fixed rate to 09/08/2026, variable rate thereafter), 4.10%, 09/08/2026<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2481856 |
| &nbsp;&nbsp;Greenko Power II Ltd., 4.30%, 12/13/2028<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 1543560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1478636 |
| &nbsp;&nbsp;Greenko Wind Projects Mauritius Ltd., 7.25%, 09/27/2028<sup>(a)(b)(c)</sup> | &nbsp;&nbsp; 3195000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3265954 |
| &nbsp;&nbsp;HDFC Bank Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series 1, 7.95%, 09/21/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5433162 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series AB1, 7.69%, 01/27/2033 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;660000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7225033 |
| &nbsp;&nbsp;IIFL Finance Ltd., 8.75%, 07/24/2028<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1748000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1822206 |
| &nbsp;&nbsp;India Cleantech Energy, 4.70%, 08/10/2026<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2277000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2262313 |
| &nbsp;&nbsp;India Green Power Holdings, 4.00%, 02/22/2027<sup>(a)(b)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5261995 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5164374 |
| &nbsp;&nbsp;Indian Railway Finance Corp. Ltd., Series 129, 8.45%, 12/04/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;559084 |
| &nbsp;&nbsp;Manappuram Finance Ltd., 7.38%, 05/12/2028<sup>(a)(c)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2565798 |
| &nbsp;&nbsp;Muthoot Finance Ltd., 7.13%, 02/14/2028<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2389000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2446905 |
| &nbsp;&nbsp;Power Finance Corp. Ltd., 6.15%, 12/06/2028<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7112000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7442498 |
| &nbsp;&nbsp;Power Grid Corp. of India Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.13%, 04/25/2027 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;150000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1647049 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.13%, 04/25/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;500000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5534997 |
| &nbsp;&nbsp;REC Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.63%, 04/11/2028<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3443000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3530094 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.75%, 09/27/2029<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3838861 |
| &nbsp;&nbsp;Renew Treasury Ifsc Pvt Ltd., 6.50%, 02/02/2031<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1213000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1214578 |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (continued)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**CORPORATE BONDS (continued)** | &nbsp;&nbsp;**CORPORATE BONDS (continued)** |  |
| &nbsp;&nbsp;**INDIA (continued)** |  |  |
| &nbsp;&nbsp;Sammaan Capital Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.00%, 04/29/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1076414 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.70%, 07/03/2027<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1734000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1808952 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.95%, 08/28/2028<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1570230 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.50%, 10/16/2030<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1007304 |
| &nbsp;&nbsp;Shriram Finance Ltd., 6.63%, 04/22/2027<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5108831 |
| &nbsp;&nbsp;UPL Corp. Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.50%, 03/08/2028<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2641000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2574961 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.63%, 06/16/2030<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2578426 |
| &nbsp;&nbsp;Vedanta Resources Finance II PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.25%, 06/03/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1037583 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.88%, 09/17/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1821138 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.13%, 10/15/2032<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2618836 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.85%, 04/24/2033<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1940091 |
| &nbsp;&nbsp;**Total India** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**81056164** |
| &nbsp;&nbsp;**INDONESIA—3.9%** |  |  |
| &nbsp;&nbsp;Bank Negara Indonesia Persero Tbk. PT, VRN, (fixed rate to 03/24/2027, variable rate thereafter), 4.30%, 03/24/2027<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4130000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4051862 |
| &nbsp;&nbsp;Krakatau Posco PT, 6.38%, 06/11/2029<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4750000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4914290 |
| &nbsp;&nbsp;LLPL Capital Pte. Ltd., 6.88%, 02/04/2039<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4301588 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4454397 |
| &nbsp;&nbsp;Medco Cypress Tree Pte. Ltd., 8.63%, 05/19/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2251000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2382001 |
| &nbsp;&nbsp;Medco Maple Tree Pte. Ltd., 8.96%, 04/27/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2206000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2301122 |
| &nbsp;&nbsp;Nickel Industries Ltd., 9.00%, 09/30/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3419000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3589638 |
| &nbsp;&nbsp;Pertamina Geothermal Energy PT, 5.15%, 04/27/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1892000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1918184 |
| &nbsp;&nbsp;Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, 6.15%, 05/21/2048<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3129000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3111207 |
| &nbsp;&nbsp;**Total Indonesia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26722701** |
| &nbsp;&nbsp;**ISRAEL—0.2%** |  |  |
| &nbsp;&nbsp;Teva Pharmaceutical Finance Netherlands III BV, 7.88%, 09/15/2029<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1315172 |
| &nbsp;&nbsp;**JAPAN—2.2%** |  |  |
| &nbsp;&nbsp;Nippon Life Insurance Co., VRN, (fixed rate to 04/30/2035, variable rate thereafter), 6.50%, 04/30/2035<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3170000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3391567 |
| &nbsp;&nbsp;NTT Finance Corp., 5.50%, 07/16/2035<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1859427 |
| &nbsp;&nbsp;Rakuten Group, Inc., 11.25%, 02/15/2027<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4793656 |
| &nbsp;&nbsp;SoftBank Corp., 5.33%, 07/09/2035<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5007635 |
| &nbsp;&nbsp;**Total Japan** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**15052285** |

---

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**KAZAKHSTAN—1.0%** |  |  |
| &nbsp;&nbsp;Development Bank of Kazakhstan JSC, 10.95%, 05/06/2026<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;3265000000 | &nbsp;&nbsp;&nbsp;&nbsp;$6375306 |
| &nbsp;&nbsp;**MACAO—2.1%** |  |  |
| &nbsp;&nbsp;MGM China Holdings Ltd., 7.13%, 06/26/2031<sup>(a)(b)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3821102 |
| &nbsp;&nbsp;Sands China Ltd., 5.40%, 08/08/2028<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5096190 |
| &nbsp;&nbsp;Studio City Finance Ltd., 5.00%, 01/15/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2300000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2228172 |
| &nbsp;&nbsp;Wynn Macau Ltd., 5.63%, 08/26/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2993855 |
| &nbsp;&nbsp;**Total Macao** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**14139319** |
| &nbsp;&nbsp;**MALAYSIA—2.9%** |  |  |
| &nbsp;&nbsp;DRB-Hicom Bhd., IMTN, 5.10%, 12/12/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1330874 |
| &nbsp;&nbsp;Khazanah Capital Ltd., 4.76%, 09/05/2034<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3900000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3916560 |
| &nbsp;&nbsp;Pengerang LNG Two Sdn Bhd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMTN, 2.86%, 10/20/2028 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1244992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IMTN, 2.92%, 10/19/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1236848 |
| &nbsp;&nbsp;Petroliam Nasional Bhd., 7.63%, 10/15/2026<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2048344 |
| &nbsp;&nbsp;Petronas Capital Ltd. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.48%, 01/28/2032<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1796110 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.85%, 04/03/2055<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2915621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.80%, 04/21/2060<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2333514 |
| &nbsp;&nbsp;Tenaga Nasional Bhd., 7.50%, 01/15/2096<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2695410 |
| &nbsp;&nbsp;**Total Malaysia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19518273** |
| &nbsp;&nbsp;**MONGOLIA—0.7%** |  |  |
| &nbsp;&nbsp;Tsetsens Mining & Energy LLC, 11.38%, 02/05/2031<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4976700 |
| &nbsp;&nbsp;**MOROCCO—0.4%** |  |  |
| &nbsp;&nbsp;OCP SA, 7.50%, 05/02/2054<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2672000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2911986 |
| &nbsp;&nbsp;**PHILIPPINES—1.3%** |  |  |
| &nbsp;&nbsp;AC Energy Finance International Ltd., 5.10%, 05/25/2026<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2872177 |
| &nbsp;&nbsp;Globe Telecom, Inc., VRN, (fixed rate to 08/02/2026, variable rate thereafter), 4.20%, 08/02/2026<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1097000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1092598 |
| &nbsp;&nbsp;Smphi SG Holdings Pte. Ltd., 4.75%, 09/16/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5007411 |
| &nbsp;&nbsp;**Total Philippines** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**8972186** |
| &nbsp;&nbsp;**SAUDI ARABIA—1.5%** |  |  |
| &nbsp;&nbsp;Greensaif Pipelines Bidco SARL, 6.10%, 08/23/2042<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5014000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5181003 |
| &nbsp;&nbsp;SNB Funding Ltd., VRN, (fixed rate to 06/24/2030, variable rate thereafter), 6.00%, 06/24/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5117374 |
| &nbsp;&nbsp;**Total Saudi Arabia** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10298377** |
| &nbsp;&nbsp;**SINGAPORE—3.6%** |  |  |
| &nbsp;&nbsp;Avation Group S Pte. Ltd., 8.50%, 05/15/2031<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4917286 |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (continued)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**CORPORATE BONDS (continued)** | &nbsp;&nbsp;**CORPORATE BONDS (continued)** |  |
| &nbsp;&nbsp;**SINGAPORE (continued)** |  |  |
| &nbsp;&nbsp;GLP Pte. Ltd., 9.75%, 05/20/2028<sup>(a)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$5122313 |
| &nbsp;&nbsp;Oversea-Chinese Banking Corp. Ltd., VRN, (fixed rate to 09/08/2030, variable rate thereafter), 4.55%, 09/08/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4969036 |
| &nbsp;&nbsp;Temasek Financial I Ltd., 1.85%, 07/30/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9413015 |
| &nbsp;&nbsp;**Total Singapore** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24421650** |
| &nbsp;&nbsp;**SOUTH KOREA—3.8%** |  |  |
| &nbsp;&nbsp;Busan Bank Co. Ltd., 3.63%, 07/25/2026<sup>(a)</sup> | $&nbsp;&nbsp; 5100000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5080676 |
| &nbsp;&nbsp;Hanwha Life Insurance Co. Ltd., VRN, (fixed rate to 06/24/2030, variable rate thereafter), 6.30%, 06/24/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2600000 |
| &nbsp;&nbsp;LG Energy Solution Ltd., 5.38%, 04/02/2030<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4330000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4462985 |
| &nbsp;&nbsp;Shinhan Bank Co. Ltd., 4.50%, 03/26/2028<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5023884 |
| &nbsp;&nbsp;Tongyang Life Insurance Co. Ltd., VRN, (fixed rate to 05/07/2030, variable rate thereafter), 6.25%, 05/07/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4738000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4934628 |
| &nbsp;&nbsp;Woori Bank, VRN, (fixed rate to 07/24/2029, variable rate thereafter), 6.38%, 07/24/2029<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3636165 |
| &nbsp;&nbsp;**Total South Korea** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**25738338** |
| &nbsp;&nbsp;**SWITZERLAND—0.4%** |  |  |
| &nbsp;&nbsp;UBS Group AG, VRN, (fixed rate to 11/13/2028, variable rate thereafter), 9.25%, 11/13/2028<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2947810 |
| &nbsp;&nbsp;**THAILAND—2.8%** |  |  |
| &nbsp;&nbsp;Bangkok Bank PCL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.03%, 03/15/2029<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1200000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1348045 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VRN, (fixed rate to 03/25/2035, variable rate thereafter), 6.06%, 03/25/2035<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6649402 |
| &nbsp;&nbsp;GC Treasury Center Co. Ltd., VRN, (fixed rate to 03/10/2035, variable rate thereafter), 7.13%, 03/10/2035<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5130550 |

---

---

| | | |
|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;Muangthai Capital PCL |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.88%, 09/30/2028<sup>(a)(c)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1824000 | &nbsp;&nbsp;&nbsp;&nbsp;$1853564 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.55%, 07/21/2030<sup>(a)(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1650000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1710703 |
| &nbsp;&nbsp;Thaioil Treasury Center Co. Ltd., VRN, (fixed rate to 01/15/2031, variable rate thereafter), 6.10%, 01/15/2031<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2326000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2334281 |
| &nbsp;&nbsp;**Total Thailand** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**19026545** |
| &nbsp;&nbsp;**UNITED ARAB EMIRATES—3.6%** |  |  |
| &nbsp;&nbsp;Abu Dhabi Commercial Bank PJSC, VRN, (fixed rate to 09/10/2029, variable rate thereafter), 5.36%, 09/10/2029<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4800000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4876269 |
| &nbsp;&nbsp;Aldar Properties PJSC, VRN, (fixed rate to 01/14/2033, variable rate thereafter), 5.88%, 01/14/2033<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2634000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2603413 |
| &nbsp;&nbsp;DP World Ltd., 6.85%, 07/02/2037<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3002130 |
| &nbsp;&nbsp;First Abu Dhabi Bank PJSC, VRN, (fixed rate to 10/04/2028, variable rate thereafter), 6.32%, 10/04/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5187535 |
| &nbsp;&nbsp;Galaxy Pipeline Assets Bidco Ltd., 2.63%, 03/31/2036<sup>(a)(c)</sup> | &nbsp;&nbsp; 7237000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6369873 |
| &nbsp;&nbsp;MAF Global Securities Ltd., VRN, (fixed rate to 06/30/2027, variable rate thereafter), 7.88%, 06/30/2027<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2576170 |
| &nbsp;&nbsp;**Total United Arab Emirates** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24615390** |
| &nbsp;&nbsp;**UNITED KINGDOM—3.8%** |  |  |
| &nbsp;&nbsp;HSBC Holdings PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(fixed rate to 11/03/2027, variable rate thereafter), 7.39%, 11/03/2027<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3500000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3693545 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VRN, (fixed rate to 03/07/2028, variable rate thereafter), 8.00%, 03/07/2028<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6700000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7050986 |
| &nbsp;&nbsp;Standard Chartered PLC |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VRN, (fixed rate to 11/16/2027, variable rate thereafter), 7.77%, 11/16/2027<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3185992 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VRN, (fixed rate to 01/09/2028, variable rate thereafter), 6.30%, 01/09/2028<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7276000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7559136 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VRN, (fixed rate to 11/14/2035, variable rate thereafter), 7.00%, 11/14/2035<sup>(a)(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4400000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4529316 |
| &nbsp;&nbsp;**Total United Kingdom** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**26018975** |
| &nbsp;&nbsp;**UNITED STATES—2.0%** |  |  |
| &nbsp;&nbsp;Equinix Asia Financing Corp. Pte. Ltd., 3.50%, 03/15/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2377096 |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (continued)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | | |
|:---|:---|:---|:---|
| | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | &nbsp;&nbsp;**Shares or<br> Principal<br> Amount** | **Value** |
| &nbsp;&nbsp;**CORPORATE BONDS (continued)** | &nbsp;&nbsp;**CORPORATE BONDS (continued)** | &nbsp;&nbsp;**CORPORATE BONDS (continued)** |  |
| &nbsp;&nbsp;**UNITED STATES (continued)** | &nbsp;&nbsp;**UNITED STATES (continued)** |  |  |
| &nbsp;&nbsp;Hyundai Capital America, 6.38%, 04/08/2030<sup>(a)(b)</sup> | &nbsp;&nbsp;$| &nbsp;&nbsp; 5100000 | &nbsp;&nbsp;&nbsp;&nbsp;$5447463 |
| &nbsp;&nbsp;Telecommunications Co. Telekom Srbija AD Belgrade, 8.00%, 05/22/2028<sup>(f)</sup> | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5950455 |
| &nbsp;&nbsp;**Total United States** | &nbsp;&nbsp;**Total United States** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**13775014** |
| &nbsp;&nbsp;**UZBEKISTAN—0.4%** | &nbsp;&nbsp;**UZBEKISTAN—0.4%** |  |  |
| &nbsp;&nbsp;Uzbekneftegaz JSC, 8.75%, 05/07/2030<sup>(a)</sup> | &nbsp;&nbsp;$| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2348000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2539435 |
| &nbsp;&nbsp;**VIETNAM—0.4%** | &nbsp;&nbsp;**VIETNAM—0.4%** |  |  |
| &nbsp;&nbsp;Mong Duong Finance Holdings BV, 5.13%, 05/07/2029<sup>(a)(b)(c)</sup> |  | &nbsp;&nbsp;&nbsp; 2497132 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2491445 |
| &nbsp;&nbsp;**Total Corporate Bonds** | &nbsp;&nbsp;**Total Corporate Bonds** |  | &nbsp;&nbsp;&nbsp;&nbsp;**514335921** |
| &nbsp;&nbsp;**SUPRANATIONAL—6.8%** |  |  |  |
| &nbsp;&nbsp;Asian Infrastructure Investment Bank, 6.65%, 06/30/2033<sup>(a)</sup> | &nbsp;&nbsp;INR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550000000 | &nbsp;&nbsp;&nbsp;&nbsp; 5732731 |
| &nbsp;&nbsp;Corp. Andina de Fomento, 8.25%, 04/26/2034 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;320000000 | &nbsp;&nbsp;&nbsp;&nbsp; 3515226 |
| &nbsp;&nbsp;European Bank for Reconstruction & Development, 6.75%, 03/14/2031 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850000000 | &nbsp;&nbsp;&nbsp;&nbsp; 9091523 |
| &nbsp;&nbsp;Inter-American Development Bank EMTN, 7.00%, 04/17/2033 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;850000000 | &nbsp;&nbsp;&nbsp;&nbsp; 9108427 |
| &nbsp;&nbsp;International Bank for Reconstruction & Development |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.05%, 07/22/2029 |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1486885 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.00%, 01/25/2031 |  | &nbsp;&nbsp;&nbsp;&nbsp;1250000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13507406 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.93%, 11/03/2032 | &nbsp;&nbsp;PHP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242000000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4060165 |
| &nbsp;&nbsp;**Total Supranational** |  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**46502363** |
| &nbsp;&nbsp;**COMMON STOCKS—0.0%** | &nbsp;&nbsp;**COMMON STOCKS—0.0%** | &nbsp;&nbsp;**COMMON STOCKS—0.0%** |  |
| &nbsp;&nbsp;**CHINA—0.0%** | &nbsp;&nbsp;**CHINA—0.0%** |  |  |
| &nbsp;&nbsp;Kaisa Group Holdings Ltd.<sup>(g)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79662 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;953 |
| &nbsp;&nbsp;**Total Common Stocks** | &nbsp;&nbsp;**Total Common Stocks** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**953** |
| &nbsp;&nbsp;**SHORT-TERM INVESTMENT—3.6%** | &nbsp;&nbsp;**SHORT-TERM INVESTMENT—3.6%** | &nbsp;&nbsp;**SHORT-TERM INVESTMENT—3.6%** |  |
| &nbsp;&nbsp;State Street Institutional U.S. Government Money Market Fund, Premier Class, 3.65%<sup>(h)</sup> |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24097594 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24097594 |
| &nbsp;&nbsp;**Total Short-Term Investment** | &nbsp;&nbsp;**Total Short-Term Investment** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**24097594** |
| &nbsp;&nbsp;**Total Investments<br> (Cost $1,099,038,056)—162.1%** | &nbsp;&nbsp;**Total Investments<br> (Cost $1,099,038,056)—162.1%** | &nbsp;&nbsp;**Total Investments<br> (Cost $1,099,038,056)—162.1%** | &nbsp;&nbsp;&nbsp;**1099964135** |
| &nbsp;&nbsp;Long Term Debt Securities | &nbsp;&nbsp;Long Term Debt Securities | &nbsp;&nbsp;Long Term Debt Securities | &nbsp;&nbsp;&nbsp;&nbsp;(326000000) |
| &nbsp;&nbsp;Mandatory Redeemable Preferred Stock at Liquidation Value | &nbsp;&nbsp;Mandatory Redeemable Preferred Stock at Liquidation Value | &nbsp;&nbsp;Mandatory Redeemable Preferred Stock at Liquidation Value | &nbsp;&nbsp;&nbsp;&nbsp;(100000000) |
| &nbsp;&nbsp;Other Assets in Excess of Liabilities—0.7% | &nbsp;&nbsp;Other Assets in Excess of Liabilities—0.7% | &nbsp;&nbsp;Other Assets in Excess of Liabilities—0.7% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4747184 |
| &nbsp;&nbsp;**Net Assets—100.0%** | &nbsp;&nbsp;**Net Assets—100.0%** | &nbsp;&nbsp;**Net Assets—100.0%** | &nbsp;&nbsp;&nbsp;**$678711319** |

---

(a) Denotes a security issued under Regulation S or Rule 144A.

(b) The maturity date presented for these instruments represents the next call/put date.

(c) Sinkable security.

(d) Step bond. Rate disclosed is as of January 31, 2026.

(e) Perpetual maturity. Maturity date presented represents the next call date.

(f) Level 3 security. See Note 1(a) of the accompanying Notes to Portfolio of Investments.

(g) Non-income producing security.

(h) Registered investment company advised by State Street Investment Management. The rate shown is the 7 day yield as of January 31, 2026.

---

| | |
|:---|:---|
| AG | Assured Guaranty Inc. |
| AUD | Australian Dollar |
| BRL | Brazilian Real |
| CNH | Chinese Yuan Renminbi Offshore |
| CNY | Chinese Yuan Renminbi |
| DOP | Dominican Republic Peso |
| EMTN | Euro Medium Term Note |
| EUR | Euro Currency |
| HKD | Hong Kong Dollar |
| IDR | Indonesian Rupiah |
| INR | Indian Rupee |
| KRW | South Korean Won |
| KZT | Kazakhstan Tenge |
| LKR | Sri Lanka Rupee |
| MTN | Medium Term Note |
| MXN | Mexican Peso |
| MYR | Malaysian Ringgit |
| PHP | Philippine Peso |
| PKR | Pakistan Rupee |
| PLC | Public Limited Company |
| SGD | Singapore Dollar |
| THB | Thai Baht |
| TWD | New Taiwan Dollar |
| USD | U.S. Dollar |
| UYU | Uruguayan Peso |
| VRN | Variable Rate Note |
| ZAR | South African Rand |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (continued)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

As of January 31, 2026, the Fund held the following futures contracts:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Futures Contracts** | &nbsp;&nbsp;**Number of<br> Contracts<br> Long/(Short)** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Market<br> Value** | &nbsp;&nbsp;**Unrealized<br> Appreciation/<br> (Depreciation)** |
| &nbsp;&nbsp;**Long Contract Positions** |  |  |  |  |  |
| &nbsp;&nbsp;Korea Treasury Bond - 10 Year | &nbsp;&nbsp;663 | &nbsp;&nbsp;3/17/2026 | &nbsp;&nbsp;&nbsp;$51679132 | &nbsp;&nbsp;$51104523 | &nbsp;&nbsp;&nbsp;$(574609) |
| &nbsp;&nbsp;Ultra United States Treasury Note 10 Year | &nbsp;&nbsp;306 | &nbsp;&nbsp;3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;36518324 | &nbsp;&nbsp;&nbsp;&nbsp;35935875 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(582449) |
| &nbsp;&nbsp;United States Treasury Note 6%—10 year | &nbsp;&nbsp;425 | &nbsp;&nbsp;3/20/2026 | &nbsp;&nbsp;&nbsp;&nbsp;48058870 | &nbsp;&nbsp;&nbsp;&nbsp;47526953 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(531917) |
| &nbsp;&nbsp;United States Treasury Note 6%—5 Year | &nbsp;&nbsp;453 | &nbsp;&nbsp;3/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;49653713 | &nbsp;&nbsp;&nbsp;&nbsp;49345149 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(308564) |
|  |  |  |  |  | &nbsp;&nbsp;$(1997539) |
| &nbsp;&nbsp;**Short Contract Positions** |  |  |  |  |  |
| &nbsp;&nbsp;United States Treasury Note 6%—10 year | &nbsp;&nbsp;(199) | &nbsp;&nbsp;3/20/2026 | &nbsp;&nbsp;$(22500680) | &nbsp;&nbsp;$(22253797) | &nbsp;&nbsp;&nbsp;&nbsp;$246883 |
|  |  |  |  |  | &nbsp;&nbsp;**$(1750656)** |

---

As of January 31, 2026, the Fund held the following forward foreign currency contracts:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Purchase Contracts<br> Settlement Date\*** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Currency<br> Purchased** | &nbsp;&nbsp;**Amount<br> Purchased** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Amount<br> Sold** | &nbsp;&nbsp;**Fair Value** | &nbsp;&nbsp;**Unrealized<br> Appreciation/<br> (Depreciation)** |
| &nbsp;&nbsp;**Australian Dollar/United States Dollar** | &nbsp;&nbsp;**Australian Dollar/United States Dollar** | &nbsp;&nbsp;**Australian Dollar/United States Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124014924 | &nbsp;&nbsp;USD | &nbsp;&nbsp;80572744 | &nbsp;&nbsp;$86357288 | &nbsp;&nbsp;$5784544 |
| &nbsp;&nbsp;04/30/2026 | &nbsp;&nbsp;HSBC Bank PLC | &nbsp;&nbsp;AUD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124014924 | &nbsp;&nbsp;USD | &nbsp;&nbsp;86804569 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86329117 | &nbsp;&nbsp;&nbsp;&nbsp;(475452) |
| &nbsp;&nbsp;**Chinese Yuan Renminbi Offshore/United States Dollar** | &nbsp;&nbsp;**Chinese Yuan Renminbi Offshore/United States Dollar** | &nbsp;&nbsp;**Chinese Yuan Renminbi Offshore/United States Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;04/23/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;CNH | &nbsp;&nbsp;&nbsp;&nbsp;179895000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;25980679 | &nbsp;&nbsp;&nbsp;&nbsp;25963393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(17286) |
| &nbsp;&nbsp;**New Taiwan Dollar/United States Dollar** | &nbsp;&nbsp;**New Taiwan Dollar/United States Dollar** | &nbsp;&nbsp;**New Taiwan Dollar/United States Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;03/03/2026 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;TWD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49000000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;1559784 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1549064 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(10720) |
| &nbsp;&nbsp;**Singapore Dollar/United States Dollar** | &nbsp;&nbsp;**Singapore Dollar/United States Dollar** | &nbsp;&nbsp;**Singapore Dollar/United States Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;Standard Chartered Bank | &nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25985312 | &nbsp;&nbsp;USD | &nbsp;&nbsp;20034653 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20431400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;396747 |
| &nbsp;&nbsp;04/17/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26897312 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;21337031 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21250735 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(86296) |
| &nbsp;&nbsp;**South Korean Won/United States Dollar** | &nbsp;&nbsp;**South Korean Won/United States Dollar** | &nbsp;&nbsp;**South Korean Won/United States Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;04/14/2026 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;KRW | &nbsp;&nbsp;43613697000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;29688081 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30147305 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;459224 |
| &nbsp;&nbsp;**Thai Baht/United States Dollar** | &nbsp;&nbsp;**Thai Baht/United States Dollar** | &nbsp;&nbsp;**Thai Baht/United States Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;Standard Chartered Bank | &nbsp;&nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242918560 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;7537687 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7721856 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;184169 |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;Standard Chartered Bank | &nbsp;&nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;293106000 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;9376000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9317206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(58794) |
| &nbsp;&nbsp;04/24/2026 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116223560 | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;3713961 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3714511 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;550 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**$292781875** | &nbsp;&nbsp;**$6176686** |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sale Contracts<br> Settlement Date\*** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Currency<br> Purchased** | &nbsp;&nbsp;**Amount<br> Purchased** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Amount<br> Sold** | &nbsp;&nbsp;**Fair Value** | &nbsp;&nbsp;**Unrealized<br> Appreciation/<br> (Depreciation)** |
| &nbsp;&nbsp;**United States Dollar/Australian Dollar** | &nbsp;&nbsp;**United States Dollar/Australian Dollar** | &nbsp;&nbsp;**United States Dollar/Australian Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;HSBC Bank PLC | &nbsp;&nbsp;USD | &nbsp;&nbsp;86832521 | &nbsp;&nbsp;AUD | &nbsp;&nbsp;124014924 | &nbsp;&nbsp;$86357288 | &nbsp;&nbsp;$475233 |
| &nbsp;&nbsp;**United States Dollar/Euro** | &nbsp;&nbsp;**United States Dollar/Euro** | &nbsp;&nbsp;**United States Dollar/Euro** |  |  |  |  |  |
| &nbsp;&nbsp;03/13/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;5840329 | &nbsp;&nbsp;EUR | &nbsp;&nbsp;&nbsp;&nbsp;4950000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5877879 | &nbsp;&nbsp;&nbsp;&nbsp;(37550) |
| &nbsp;&nbsp;**United States Dollar/Hong Kong Dollar** | &nbsp;&nbsp;**United States Dollar/Hong Kong Dollar** | &nbsp;&nbsp;**United States Dollar/Hong Kong Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;04/01/2026 | &nbsp;&nbsp;Standard Chartered Bank | &nbsp;&nbsp;USD | &nbsp;&nbsp;12611649 | &nbsp;&nbsp;HKD | &nbsp;&nbsp;98000000 | &nbsp;&nbsp;&nbsp;12568968 | &nbsp;&nbsp;&nbsp;&nbsp;42681 |

---

See accompanying Notes to Portfolio of Investments.

------

### Portfolio of Investments (unaudited) (concluded)<br> As of January 31, 2026

#### abrdn Asia-Pacific Income Fund, Inc.

------

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Sale Contracts<br> Settlement Date\*** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Currency<br> Purchased** | &nbsp;&nbsp;**Amount<br> Purchased** | &nbsp;&nbsp;**Currency<br> Sold** | &nbsp;&nbsp;**Amount<br> Sold** | &nbsp;&nbsp;**Fair Value** | &nbsp;&nbsp;**Unrealized<br> Appreciation/<br> (Depreciation)** |
| &nbsp;&nbsp;**United States Dollar/Indonesian Rupiah** | &nbsp;&nbsp;**United States Dollar/Indonesian Rupiah** | &nbsp;&nbsp;**United States Dollar/Indonesian Rupiah** |  |  |  |  |  |
| &nbsp;&nbsp;04/10/2026 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;4951524 | &nbsp;&nbsp;&nbsp;IDR | &nbsp;&nbsp;83855005000 | &nbsp;&nbsp;&nbsp;$4992473 | &nbsp;&nbsp;&nbsp;&nbsp;$(40949) |
| &nbsp;&nbsp;04/10/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;2977380 | &nbsp;&nbsp;&nbsp;IDR | &nbsp;&nbsp;&nbsp;49832523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2966878 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10502 |
| &nbsp;&nbsp;04/10/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;19181940 | &nbsp;&nbsp;&nbsp;IDR | &nbsp;&nbsp;322641772000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19209114 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(27174) |
| &nbsp;&nbsp;**United States Dollar/Malaysian Ringgit** | &nbsp;&nbsp;**United States Dollar/Malaysian Ringgit** | &nbsp;&nbsp;**United States Dollar/Malaysian Ringgit** |  |  |  |  |  |
| &nbsp;&nbsp;04/23/2026 | &nbsp;&nbsp;BNP Paribas S.A. | &nbsp;&nbsp;USD | &nbsp;&nbsp;31389629 | &nbsp;&nbsp;MYR | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125804300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31969182 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(579553) |
| &nbsp;&nbsp;**United States Dollar/Philippine Peso** | &nbsp;&nbsp;**United States Dollar/Philippine Peso** | &nbsp;&nbsp;**United States Dollar/Philippine Peso** |  |  |  |  |  |
| &nbsp;&nbsp;03/27/2026 | &nbsp;&nbsp;Citibank N.A. | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;5917413 | &nbsp;&nbsp;PHP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;352205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5968178 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(50765) |
| &nbsp;&nbsp;03/27/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;6865960 | &nbsp;&nbsp;PHP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;404843770 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6860152 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5808 |
| &nbsp;&nbsp;**United States Dollar/Singapore Dollar** | &nbsp;&nbsp;**United States Dollar/Singapore Dollar** | &nbsp;&nbsp;**United States Dollar/Singapore Dollar** |  |  |  |  |  |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;Royal Bank of Canada | &nbsp;&nbsp;USD | &nbsp;&nbsp;20514294 | &nbsp;&nbsp;SGD | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25985312 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20431401 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82893 |
| &nbsp;&nbsp;**United States Dollar/Thai Baht** | &nbsp;&nbsp;**United States Dollar/Thai Baht** | &nbsp;&nbsp;**United States Dollar/Thai Baht** |  |  |  |  |  |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;3700680 | &nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116223560 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3694496 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6184 |
| &nbsp;&nbsp;02/06/2026 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;USD | &nbsp;&nbsp;13048430 | &nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;419801000 | &nbsp;&nbsp;&nbsp;&nbsp;13344566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(296136) |
| &nbsp;&nbsp;04/24/2026 | &nbsp;&nbsp;UBS AG | &nbsp;&nbsp;USD | &nbsp;&nbsp;&nbsp;&nbsp;3114837 | &nbsp;&nbsp;THB | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96298000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3077689 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37148 |
| &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**Total** | &nbsp;&nbsp;**$217318264** | &nbsp;&nbsp;&nbsp;**$(371678)** |
| &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized appreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**$7485683** |
| &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**Unrealized depreciation on forward foreign currency exchange contracts** | &nbsp;&nbsp;**$(1680675)** |

---

\* Certain contracts with different trade dates and like characteristics have been shown net.

As of January 31, 2026, the Fund held the following centrally cleared interest rate swaps:

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Currency** | &nbsp;&nbsp;**Notional<br> Amount** | &nbsp;&nbsp;**Expiration<br> Date** | &nbsp;&nbsp;**Counterparty** | &nbsp;&nbsp;**Receive<br> (Pay)<br> Floating<br> Rate** | &nbsp;&nbsp;**Floating<br> Rate<br> Index** | &nbsp;&nbsp;**Fixed<br> Rate** | &nbsp;&nbsp;**Frequency of<br> Paid<br> Payments<br> Made** | &nbsp;&nbsp;**Premiums<br> Paid<br> (Received)** | &nbsp;&nbsp;**Value** | &nbsp;&nbsp;**Unrealized<br> Appreciation/<br> (Depreciation)** |
| &nbsp;&nbsp;USD | &nbsp;&nbsp;31000000 | &nbsp;&nbsp;08/23/2029 | &nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;Receive | 1-day SOFR | &nbsp;&nbsp;3.40% | &nbsp;&nbsp;Annually | &nbsp;&nbsp;$(201) | &nbsp;&nbsp;$122839 | &nbsp;&nbsp;&nbsp;$123040 |
| &nbsp;&nbsp;USD | &nbsp;&nbsp;20000000 | &nbsp;&nbsp;03/17/2032 | &nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;Receive | 1-day SOFR | &nbsp;&nbsp;3.40% | &nbsp;&nbsp;Annually | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;368245 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;368245 |
| &nbsp;&nbsp;USD | &nbsp;&nbsp;25000000 | &nbsp;&nbsp;03/17/2033 | &nbsp;&nbsp;Morgan Stanley | &nbsp;&nbsp;Receive | 1-day SOFR | &nbsp;&nbsp;3.38% | &nbsp;&nbsp;Annually | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647637 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;647637 |
|  |  |  |  |  |  |  |  | &nbsp;&nbsp;**$(201)** | &nbsp;&nbsp;**$1138721** | &nbsp;&nbsp;**$1138922** |

---

See accompanying Notes to Portfolio of Investments.

------

Notes to Portfolio of Investments <br> January 31, 2026 (unaudited)

------

1. Summary of Significant Accounting Policies

a. Security Valuation:

The Fund values its securities at fair value, consistent with regulatory requirements. "Fair value" is defined in the Fund's Valuation and Liquidity Procedures as the price that could be received to sell an asset or paid to transfer a liability in an orderly transaction between willing market participants without a compulsion to transact at the measurement date, also referred to as market value. Pursuant to Rule 2a-5 under the Investment Company Act of 1940, as amended (the "1940 Act"), the Board of Directors (the "Board") designated abrdn Asia Limited ("abrdn Asia" or the "Investment Manager") as the valuation designee ("Valuation Designee") for the Fund to perform the fair value determinations relating to Fund investments for which market quotations are not readily available or deemed unreliable.

Long-term debt and other fixed-income securities are valued at the last quoted or evaluated bid price on the valuation date provided by an independent pricing service provider. If there are no current day bids, the security is valued at the previously applied bid. Pricing services generally price debt securities assuming orderly transactions of an institutional "round lot" size and the strategies employed by the Valuation Designee generally trade in round lot sizes. In certain circumstances, some trades may occur in smaller "odd lot" sizes which may be effected at lower, or higher, prices than institutional round lot trades. Short-term debt securities (such as commercial paper and U.S. treasury bills) having a remaining maturity of 60 days or less are valued at the last quoted or evaluated bid price on the valuation date provided by an independent pricing service, or on the basis of amortized cost, if it represents the best approximation of fair value. Debt and other fixed-income securities are generally determined to be Level 2 investments.

Short-term investments are comprised of cash and cash equivalents invested in short-term investment funds which are redeemable daily. The Fund sweeps available cash into the State Street Institutional U.S. Government Money Market Fund, which has elected to qualify as a "government money market fund" pursuant to Rule 2a-7 under the 1940 Act, and has an objective, which is not guaranteed, to maintain a $1.00 per share NAV. Generally, these investment types are categorized as Level 1 investments.

Derivatives are valued at fair value. Exchange traded derivatives are generally Level 1 investments and over-the-counter and centrally cleared derivatives are generally Level 2 investments. Forward foreign currency contracts are generally valued based on the bid price of the forward rates and the current spot rate. Forward exchange rate quotations are available for scheduled settlement dates, such as 1-, 3-, 6-, 9- and 12-month periods. An interpolated valuation is derived based on the actual settlement dates of the forward contracts held. Futures contracts are valued at the settlement price or at the last bid price if no settlement price is available. Interest rate swaps agreements are generally valued by an approved pricing agent based on the terms of the swap agreement (including future cash flows).

In the event that a security's market quotations are not readily available or are deemed unreliable (for reasons other than because the foreign exchange on which it trades closes before the Valuation Time), the security is valued at fair value as determined by the Valuation Designee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Board. Under normal circumstances the Valuation Time is as of the close of regular trading on the New York Stock Exchange ("NYSE") (usually 4:00 p.m. Eastern Time). A security that has been fair valued by the Valuation Designee may be classified as Level 2 or Level 3 depending on the nature of the inputs.

In accordance with the authoritative guidance on fair value measurements and disclosures under U.S. GAAP, the Fund discloses the fair value of its investments using a three-level hierarchy that classifies the inputs to valuation techniques used to measure the fair value. The hierarchy assigns Level 1, the highest level, measurements to valuations based upon unadjusted quoted prices in active markets for identical assets, Level 2 measurements to valuations based upon other significant observable inputs, including adjusted quoted prices in active markets for similar assets, and Level 3, the lowest level, measurements to valuations based upon unobservable inputs that are significant to the valuation. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, for example, the risk inherent in a particular valuation technique used to measure fair value including a pricing model and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs are inputs that reflect the assumptions market participants would use in pricing the asset or liability, which are based on market data obtained from sources independent of the reporting entity. Unobservable inputs are inputs that reflect the reporting entity's own assumptions about the assumptions market participants would use in pricing the asset or liability developed based on the best information available in the circumstances. A financial instrument's level within the fair value hierarchy is based upon the lowest level of any input that is significant to the fair value measurement.

Open-end mutual funds are valued at the respective NAV as reported by such company. The prospectuses for the registered open-end management investment companies in which the Fund invests explain the circumstances under which those companies will use fair value pricing and the effects of using fair value pricing. Closed-end funds and exchange-traded funds ("ETFs") are valued at the market price of the security at the Valuation Time (defined below). A security using any of these pricing methodologies is generally determined to be a Level 1 investment.

The three-level hierarchy of inputs is summarized below:

Level 1 - quoted prices (unadjusted) in active markets for identical investments;

**9** 

------

Notes to Portfolio of Investments (concluded)<br> January 31, 2026 (unaudited)

------

Level 2 - other significant observable inputs (including valuation factors, quoted prices for similar securities, interest rates, prepayment speeds, and credit risk, etc.); or

Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments).

**10**

## 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 ASIA-PACIFIC INCOME FUND, INC.

- **b. Investment Company Act file number:** 811-04611

- **c. CIK number of Registrant:** 0000790500

- **d. LEI of Registrant:** 549300J666ZH67203572

- **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 ASIA-PACIFIC INCOME FUND, INC.

- **c. LEI of Series:** 549300J666ZH67203572

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

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

- **b. Date as of which information is reported:** 2026-01-31

**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:** $1021464448.30

**Total Liabilities:** $342639298.48

**Net Assets:** $678825149.82

**Delayed Delivery Securities:** $6179850.00

**Cash Not Reported:** $8096635.34

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -905.05000000 | **1-Year:** -27221.38000000 | **5-Year:** -73578.12000000 | **10-Year:** -68711.38000000 | **30-Year:** -21746.29000000

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

- **3-Month:** -1241.41000000 | **1-Year:** -22463.12000000 | **5-Year:** -31457.78000000 | **10-Year:** -10585.16000000 | **30-Year:** -2009.11000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.62%                | 0.55%                | 4.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $990619.19               | $-2798633.86                               |
| Month 2  | $-8428080.71             | $10379060.44                               |
| Month 3  | $-8077874.71             | $11372444.64                               |

**Designated Index Information**

- **Index Name:** Bloomberg Ausbond Composite Index (10%); Markit iBoxx Asian Local Bond Index (40%); JP Morgan Asia Credit Index - Diversified (35%);  JP Morgan GBI Emerging Market Global Diversified (15%)

- **Index Identifier:** (Blended performane benchmark) BACMO Index, IBXXALBI Index, JADICOTR Index, JGENVUUG 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AIA GROUP LTD                              | AIA Group Ltd                                                                                                                     | CUSIP: 00131LAN5<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | DBT              | CORP              | HK        |      3750000 | PA      | $3854849.70   | 0.57%             | 2027-10-25      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                       | Airport Authority                                                                                                                 | CUSIP: 00946AAJ3<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |      1350000 | PA      | $1395797.24   | 0.21%             | 2033-01-12      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| AIRPORT AUTHORITY HK                       | Airport Authority                                                                                                                 | CUSIP: 00946AAN4<br>LEI: 254900748HGC4RBR4O84 | Long             | DBT              | NUSS              | HK        |      2131000 | PA      | $2257776.24   | 0.33%             | 2035-01-15      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| ALDAR PROPERTIES PJSC                      | Aldar Properties PJSC                                                                                                             | CUSIP: 013917AA7<br>LEI: 98450048CD8AEF13B480 | Long             | DBT              | CORP              | AE        |      2634000 | PA      | $2603412.73   | 0.38%             | 2056-04-14      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                      | Alibaba Group Holding Ltd                                                                                                         | CUSIP: 01609WAR3<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |      2500000 | PA      | $2460996.25   | 0.36%             | 2034-11-28      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ALIBABA GROUP HOLDING                      | Alibaba Group Holding Ltd                                                                                                         | CUSIP: 01609WBQ4<br>LEI: 5493001NTNQJDH60PM02 | Long             | DBT              | CORP              | KY        |      2350000 | PA      | $2387449.08   | 0.35%             | 2054-11-26      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AVATION GROUP S PTE LTD                    | Avation Group S Pte Ltd                                                                                                           | CUSIP: 05390AAA2<br>LEI: 2138006F359FM7HRYK39 | Long             | DBT              | CORP              | SG        |      5000000 | PA      | $4917286.10   | 0.72%             | 2031-05-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AXIS BANK GANDHINAGAR                      | Axis Bank Ltd/Gandhinagar                                                                                                         | CUSIP: 05464XAA3<br>LEI: 549300HVNWMJPOFVNI41 | Long             | DBT              | CORP              | IN        |      2500000 | PA      | $2481856.03   | 0.37%             | 2026-09-08      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                                | BNP Paribas SA                                                                                                                    | CUSIP: 05565A5R0<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |      5240000 | PA      | $5610960.56   | 0.83%             | 2028-08-14      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                        | Bangkok Bank PCL/Hong Kong                                                                                                        | CUSIP: 06000GAA9<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |      6500000 | PA      | $6649402.37   | 0.98%             | 2040-03-25      | Fixed         | 6.06%                 | No            |                  2 | On Loan: No      |
| BANK OF GEORGIA JSC                        | Bank of Georgia JSC                                                                                                               | CUSIP: 062269AA3<br>LEI: 549300RPLD8RXL49Z691 | Long             | DBT              | CORP              | GE        |      2500000 | PA      | $2623486.28   | 0.39%             | 2029-07-16      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| DEVELOPMENT BANK OF KAZA                   | Development Bank of Kazakhstan JSC                                                                                                | CUSIP: 25159XAC7<br>LEI: 213800LCDPGJ1BI7KX98 | Long             | DBT              | NUSS              | KZ        |   3265000000 | PA      | $6375305.85   | 0.94%             | 2026-05-06      | Fixed         | 10.95%                | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED THB / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | TH        |            1 | NC      | $184168.63    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED AUD / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | AU        |            1 | NC      | $5784543.94   | 0.85%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD THB                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $-110198.72   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED SGD / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | SG        |            1 | NC      | $306040.16    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD THB                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $-185937.15   | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED SGD / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | SG        |            1 | NC      | $90706.71     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED USD / SOLD EUR                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |            1 | NC      | $-37550.53    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED USD / SOLD PHP                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |            1 | NC      | $5808.35      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED TWD / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | TW        |            1 | NC      | $-10720.06    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED USD / SOLD HKD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | US        |            1 | NC      | $42680.68     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD PHP                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-50765.17    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED THB / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | TH        |            1 | NC      | $-31166.42    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED KRW / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | KR        |            1 | NC      | $459223.50    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Standard Chartered Bank                    | PURCHASED THB / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: RILFO74KP1CM8P6PCT96 | N/A              | DFE              |  | TH        |            1 | NC      | $-27628.07    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Citibank NA                                | PURCHASED USD / SOLD IDR                                                                                                          | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |            1 | NC      | $-40949.39    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED CNH / SOLD USD                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | CN        |            1 | NC      | $-17286.08    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                             | PURCHASED USD / SOLD MYR                                                                                                          | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |            1 | NC      | $-579552.65   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | PURCHASED USD / SOLD IDR                                                                                                          | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |            1 | NC      | $10502.14     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| UBS AG                                     | PURCHASED USD / SOLD THB                                                                                                          | CUSIP: 000000000<br>LEI: BFM8T61CT2L1QCEMIK50 | N/A              | DFE              |  | US        |            1 | NC      | $37148.46     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| EXPORT-IMPORT BANK KOREA                   | Export-Import Bank of Korea                                                                                                       | CUSIP: 302154DW6<br>LEI: 549300APVP4R32PI3Y06 | Long             | DBT              | NUSS              | KR        |      3684000 | PA      | $3845230.41   | 0.57%             | 2033-01-11      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| Export-Import Bank of India                | Export-Import Bank of India                                                                                                       | CUSIP: 30216KAG7<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |      2500000 | PA      | $2604901.88   | 0.38%             | 2033-01-18      | Fixed         | 5.50%                 | Yes           |                  2 | On Loan: No      |
| EXPORT-IMPORT BK INDIA                     | Export-Import Bank of India                                                                                                       | CUSIP: 30218VAC0<br>LEI: 335800OFZ8YEIVN1QI11 | Long             | DBT              | NUSS              | IN        |      2500000 | PA      | $2531955.00   | 0.37%             | 2056-01-12      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| GALAXY PIPELINE ASSETS                     | Galaxy Pipeline Assets Bidco Ltd                                                                                                  | CUSIP: 36321PAB6<br>LEI: 549300L82YB0C6JQIC26 | Long             | DBT              | CORP              | JE        |      7237000 | PA      | $6369872.72   | 0.94%             | 2036-03-31      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| GC TREASURY CENTRE CO                      | GC Treasury Center Co Ltd                                                                                                         | CUSIP: 36830AAD9<br>LEI: 549300LUFQBC2EQNAR40 | Long             | DBT              | CORP              | TH        |      5000000 | PA      | $5130549.55   | 0.76%             | 2035-03-10      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| GEORGIA GLOBAL UTILITIES                   | Georgia Global Utilities JSC                                                                                                      | CUSIP: 373196AB0<br>LEI: 213800JCP8ERP6FTOL26 | Long             | DBT              | CORP              | GE        |      4119000 | PA      | $4352958.87   | 0.64%             | 2029-07-25      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GREENKO WIND PROJECTS MU                   | Greenko Wind Projects Mauritius Ltd                                                                                               | CUSIP: 39531JAB0<br>LEI: 254900MSUXE1FF83DP82 | Long             | DBT              | CORP              | MU        |      3195000 | PA      | $3265953.54   | 0.48%             | 2028-09-27      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| GREENSAIF PIPELINES BIDC                   | Greensaif Pipelines Bidco Sarl                                                                                                    | CUSIP: 39541EAE3<br>LEI: 549300YWDGUXPB8GRP47 | Long             | DBT              | CORP              | LU        |      5014000 | PA      | $5181002.55   | 0.76%             | 2042-08-23      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings PLC                                                                                                                 | CUSIP: 404280DR7<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      3500000 | PA      | $3693545.10   | 0.54%             | 2028-11-03      | Fixed         | 7.39%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC                          | HSBC Holdings PLC                                                                                                                 | CUSIP: 404280DT3<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |      6700000 | PA      | $7050986.20   | 1.04%             | 2028-03-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| HANWHA LIFE INSURANCE                      | Hanwha Life Insurance Co Ltd                                                                                                      | CUSIP: 41135UAC9<br>LEI: 988400ZKCI3R9DQHR320 | Long             | DBT              | CORP              | KR        |      2500000 | PA      | $2600000.00   | 0.38%             | 2055-06-24      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA                    | Hyundai Capital America                                                                                                           | CUSIP: 44891CBL6<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |      5100000 | PA      | $5447463.61   | 0.80%             | 2030-04-08      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| IIFL FINANCE LTD                           | IIFL Finance Ltd                                                                                                                  | CUSIP: 44964HAA2<br>LEI: 335800CZ46UJRS34JR78 | Long             | DBT              | CORP              | IN        |      1748000 | PA      | $1822205.57   | 0.27%             | 2028-07-24      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| INDIA GREEN POWER HOLD                     | India Green Power Holdings                                                                                                        | CUSIP: 45410LAA0<br>LEI: 254900I7N0GT4VVL6V29 | Long             | DBT              | CORP              | MU        |      5261995 | PA      | $5164374.30   | 0.76%             | 2027-02-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KOREA HOUSING FINANCE CO                   | Korea Housing Finance Corp                                                                                                        | CUSIP: 50065RAU1<br>LEI: 9884002AAOBT56QW9B80 | Long             | DBT              | NUSS              | KR        |      3500000 | PA      | $3626941.12   | 0.53%             | 2030-01-21      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| KYRGYZ REP INTL BOND                       | Kyrgyz Republic International Bond                                                                                                | CUSIP: 50158LAA6<br>LEI: N/A                  | Long             | DBT              | NUSS              | KG        |      2760000 | PA      | $2866310.34   | 0.42%             | 2030-06-03      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LLPL CAPITAL PTE LTD                       | LLPL Capital Pte Ltd                                                                                                              | CUSIP: 50201PAA4<br>LEI: 254900VXZ8FXTUQNON22 | Long             | DBT              | CORP              | SG        |      4301588 | PA      | $4454397.09   | 0.66%             | 2039-02-04      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| LGENERGYSOLUTION                           | LG Energy Solution Ltd                                                                                                            | CUSIP: 50205MAG4<br>LEI: 988400QX6P286XA6ZS85 | Long             | DBT              | CORP              | KR        |      4330000 | PA      | $4462984.56   | 0.66%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| LAOS GOVERNMENT INTL BON                   | Laos Government International Bond                                                                                                | CUSIP: 51656QAD4<br>LEI: N/A                  | Long             | DBT              | NUSS              | LA        |      5000000 | PA      | $5250000.00   | 0.77%             | 2030-11-12      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| MGM CHINA HOLDINGS LTD                     | MGM China Holdings Ltd                                                                                                            | CUSIP: 55300RAJ0<br>LEI: 529900VZFN87OS7WJM66 | Long             | DBT              | CORP              | KY        |      3600000 | PA      | $3821102.17   | 0.56%             | 2031-06-26      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| MEDCO CYPRESS TREE PTE                     | Medco Cypress Tree Pte Ltd                                                                                                        | CUSIP: 58406VAA7<br>LEI: 254900NKZ2Y3YZK4WC46 | Long             | DBT              | CORP              | SG        |      2251000 | PA      | $2382000.66   | 0.35%             | 2030-05-19      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| MEITUAN                                    | Meituan                                                                                                                           | CUSIP: 58533EAJ2<br>LEI: 21380033K525E5JLIA77 | Long             | DBT              | CORP              | KY        |      2495000 | PA      | $2470800.00   | 0.36%             | 2035-11-05      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                      | Melco Resorts Finance Ltd                                                                                                         | CUSIP: 58547DAH2<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      4769000 | PA      | $5000677.40   | 0.74%             | 2032-04-17      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| BANGKOK BANK PCL/HK                        | Bangkok Bank PCL/Hong Kong                                                                                                        | CUSIP: 000000000<br>LEI: 549300CCL2BKJGMYXV60 | Long             | DBT              | CORP              | TH        |      1200000 | PA      | $1348044.50   | 0.20%             | 2029-03-15      | Fixed         | 9.03%                 | Yes           |                  2 | On Loan: No      |
| MINERAL RESOURCES LTD                      | Mineral Resources Ltd                                                                                                             | CUSIP: 603051AC7<br>LEI: 5299007V1ACKFFX2P066 | Long             | DBT              | CORP              | AU        |      3000000 | PA      | $3067863.45   | 0.45%             | 2027-11-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MONG DUONG FIN HLDGS BV                    | Mong Duong Finance Holdings BV                                                                                                    | CUSIP: 60935DAA3<br>LEI: 549300995KGQFMWSV879 | Long             | DBT              | CORP              | NL        |      2497132 | PA      | $2491445.28   | 0.37%             | 2029-05-07      | Fixed         | 5.13%                 | No            |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                      | Muangthai Capital PCL                                                                                                             | CUSIP: 624923AA6<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      1650000 | PA      | $1710703.35   | 0.25%             | 2030-07-21      | Fixed         | 7.55%                 | No            |                  2 | On Loan: No      |
| MUTHOOT FINANCE LTD                        | Muthoot Finance Ltd                                                                                                               | CUSIP: 62828L2C6<br>LEI: 335800HAMJMBFL4RRF02 | Long             | DBT              | CORP              | IN        |      2389000 | PA      | $2446904.82   | 0.36%             | 2028-02-14      | Fixed         | 7.13%                 | No            |                  2 | On Loan: No      |
| NBN CO LTD                                 | NBN Co Ltd                                                                                                                        | CUSIP: 62878U2K7<br>LEI: 2549007CRZ2NT7S96A24 | Long             | DBT              | CORP              | AU        |      2907000 | PA      | $2892581.40   | 0.43%             | 2030-09-16      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| NTT FINANCE CORP                           | NTT Finance Corp                                                                                                                  | CUSIP: 62954WAV7<br>LEI: 3538007PR116187GD960 | Long             | DBT              | CORP              | JP        |      1800000 | PA      | $1859426.53   | 0.27%             | 2035-07-16      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| NICKEL INDUSTRIES LTD                      | Nickel Industries Ltd                                                                                                             | CUSIP: 653890AB9<br>LEI: 54930007K0WX53TSIK16 | Long             | DBT              | CORP              | AU        |      3419000 | PA      | $3589637.88   | 0.53%             | 2030-09-30      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| NIPPON LIFE INSURANCE                      | Nippon Life Insurance Co                                                                                                          | CUSIP: 654579AP6<br>LEI: 549300Y0HHMFW3EVWY08 | Long             | DBT              | CORP              | JP        |      3170000 | PA      | $3391567.15   | 0.50%             | 2055-04-30      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| OFFICE CHERIFIEN DES PHO                   | OCP SA                                                                                                                            | CUSIP: 67091TAG0<br>LEI: 213800D26TAPVTCVWG40 | Long             | DBT              | CORP              | MA        |      2672000 | PA      | $2911985.68   | 0.43%             | 2054-05-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| BAPCO ENERGIES BSCC                        | Bapco Energies BSC Closed                                                                                                         | CUSIP: 67778NAA6<br>LEI: 549300OBH16L6TS6IW50 | Long             | DBT              | CORP              | BH        |      2500000 | PA      | $2577100.00   | 0.38%             | 2027-10-25      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| OVERSEA-CHINESE BANKING                    | Oversea-Chinese Banking Corp Ltd                                                                                                  | CUSIP: 69033CAE9<br>LEI: 5493007O3QFXCPOGWK22 | Long             | DBT              | CORP              | SG        |      5000000 | PA      | $4969036.10   | 0.73%             | 2035-09-08      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| PERTAMINA GEOTHERMAL ENE                   | Pertamina Geothermal Energy PT                                                                                                    | CUSIP: 69379VAA7<br>LEI: 2549009CVV6Y7H26NV14 | Long             | DBT              | CORP              | ID        |      1892000 | PA      | $1918184.03   | 0.28%             | 2028-04-27      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| PERENTI FINANCE PTY LTD                    | Perenti Finance Pty Ltd                                                                                                           | CUSIP: 71367VAB5<br>LEI: 894500ZDIIAOXSQHE612 | Long             | DBT              | CORP              | AU        |      3800000 | PA      | $3945690.10   | 0.58%             | 2029-04-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| PERUSAHAAN LISTRIK NEGAR                   | Perusahaan Perseroan Persero PT Perusahaan Listrik Negara                                                                         | CUSIP: 71568PAF6<br>LEI: 254900OYVDRYS9J51J61 | Long             | DBT              | CORP              | ID        |      3129000 | PA      | $3111206.94   | 0.46%             | 2048-05-21      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds | Philippines Government International Bonds                                                                                        | CUSIP: 718286BG1<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      6500000 | PA      | $7211487.21   | 1.06%             | 2034-10-23      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| Philippines Government International Bonds | Philippines Government International Bonds                                                                                        | CUSIP: 718286CX3<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |      5200000 | PA      | $5124439.32   | 0.75%             | 2048-01-17      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| POWER FINANCE CORP LTD                     | Power Finance Corp Ltd                                                                                                            | CUSIP: 73928RAA4<br>LEI: 3358003Q6D9LIJJZ1614 | Long             | DBT              | CORP              | IN        |      7112000 | PA      | $7442497.70   | 1.10%             | 2028-12-06      | Fixed         | 6.15%                 | Yes           |                  2 | On Loan: No      |
| REC LTD                                    | REC Ltd                                                                                                                           | CUSIP: 74947LAD6<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |      3443000 | PA      | $3530093.82   | 0.52%             | 2028-04-11      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| REC LTD                                    | REC Ltd                                                                                                                           | CUSIP: 74947LAE4<br>LEI: 335800B4YRYWAMIJZ374 | Long             | DBT              | CORP              | IN        |      3800000 | PA      | $3838861.27   | 0.57%             | 2029-09-27      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| RENEW TREAS IFSC PVT LTD                   | Renew Treasury Ifsc Pvt Ltd                                                                                                       | CUSIP: 759963AA9<br>LEI: 335800IK4XWJ5637BW61 | Long             | DBT              | CORP              | IN        |      1213000 | PA      | $1214578.25   | 0.18%             | 2031-02-02      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| HUTCHISON WHAM INT 03/33                   | Hutchison Whampoa International 03/33 Ltd                                                                                         | CUSIP: 000000000<br>LEI: 254900B7MU61GFDN5511 | Long             | DBT              | CORP              | KY        |       980000 | PA      | $1142589.16   | 0.17%             | 2033-11-24      | Fixed         | 7.45%                 | Yes           |                  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        |     24097594 | NS      | $24097593.73  | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| SANDS CHINA LTD                            | Sands China Ltd                                                                                                                   | CUSIP: 80007RAE5<br>LEI: 549300EVO6UZDGY05787 | Long             | DBT              | CORP              | KY        |      5000000 | PA      | $5096190.00   | 0.75%             | 2028-08-08      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| SAUDI INTERNATIONAL BOND                   | Saudi Government International Bond                                                                                               | CUSIP: 80413TBH1<br>LEI: 635400FMICXSM3SI3H65 | Long             | DBT              | NUSS              | SA        |      3000000 | PA      | $2909220.69   | 0.43%             | 2054-01-16      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SHRIRAM FINANCE LTD                        | Shriram Finance Ltd                                                                                                               | CUSIP: 82556FAA0<br>LEI: 335800TM2YO24B76XL26 | Long             | DBT              | CORP              | IN        |      5000000 | PA      | $5108831.30   | 0.75%             | 2027-04-22      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| SILK ROAD GROUP HOLDING                    | Silk Road Group Holding LLC                                                                                                       | CUSIP: 82710NAA6<br>LEI: 254900J9KTY8FE4C8227 | Long             | DBT              | CORP              | GE        |      2379000 | PA      | $2420099.60   | 0.36%             | 2030-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                                                                            | CUSIP: 853254CS7<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      7276000 | PA      | $7559136.08   | 1.11%             | 2029-01-09      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                                                                            | CUSIP: 853254DH0<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      4400000 | PA      | $4529316.00   | 0.67%             | 2035-11-14      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| TEVA PHARMACEUTICALS NE                    | Teva Pharmaceutical Finance Netherlands III BV                                                                                    | CUSIP: 88167AAS0<br>LEI: 5493004T21MOAFINJP35 | Long             | DBT              | CORP              | NL        |      1200000 | PA      | $1315172.40   | 0.19%             | 2029-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| THAIOIL TRSRY CENTER                       | Thaioil Treasury Center Co Ltd                                                                                                    | CUSIP: 88323RAC9<br>LEI: 549300NH03B9E8VGJR89 | Long             | DBT              | CORP              | TH        |      2326000 | PA      | $2334281.19   | 0.34%             | 2031-01-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| TURK IHRACAT KR BK                         | Turkiye Ihracat Kredi Bankasi AS                                                                                                  | CUSIP: 90015LAK3<br>LEI: 789000JVRVYLAXGDWR11 | Long             | DBT              | NUSS              | TR        |      2500000 | PA      | $2584822.45   | 0.38%             | 2028-07-03      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                               | UBS Group AG                                                                                                                      | CUSIP: 902613BF4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |      2700000 | PA      | $2947809.92   | 0.43%             | 2028-11-13      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| REPUBLICA ORIENT URUGUAY                   | Uruguay Government International Bond                                                                                             | CUSIP: 917288BM3<br>LEI: 549300RDR012H2V82H43 | Long             | DBT              | NUSS              | UY        |     79419234 | PA      | $2131084.48   | 0.31%             | 2031-05-21      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| UZBEKNEFTEGAZ                              | Uzbekneftegaz JSC                                                                                                                 | CUSIP: 91825MAC7<br>LEI: 213800LUZJZFLJD4MJ51 | Long             | DBT              | CORP              | UZ        |      2348000 | PA      | $2539435.42   | 0.37%             | 2030-05-07      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAH4<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      1700000 | PA      | $1821137.53   | 0.27%             | 2029-09-17      | Fixed         | 10.88%                | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAJ0<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      1000000 | PA      | $1037583.14   | 0.15%             | 2028-06-03      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAL5<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      1800000 | PA      | $1940090.89   | 0.29%             | 2033-04-24      | Fixed         | 9.85%                 | No            |                  2 | On Loan: No      |
| VEDANTA RESOURCES                          | Vedanta Resources Finance II PLC                                                                                                  | CUSIP: 92243XAN1<br>LEI: 8945002DGA3BBXO3N634 | Long             | DBT              | CORP              | GB        |      2500000 | PA      | $2618835.68   | 0.39%             | 2032-10-15      | Fixed         | 9.13%                 | No            |                  2 | On Loan: No      |
| TELEKOM SRBJIA                             | TELEKOM SRBJIA                                                                                                                    | CUSIP: 000000000<br>LEI: 254900OVY0XI1DFYC092 | Long             | DBT              | CORP              | US        |      5000000 | PA      | $5950454.76   | 0.88%             | 2028-05-22      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 961214FR9<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |       250000 | PA      | $250735.40    | 0.04%             | 2026-04-16      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| WOORI BANK                                 | Woori Bank                                                                                                                        | CUSIP: 98105TAA2<br>LEI: 549300VUVMRL6RE7R376 | Long             | DBT              | CORP              | KR        |      3500000 | PA      | $3636165.09   | 0.54%             | 2029-07-24      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| LCH Ltd.                                   | Long: B23589022 IRS USD R V 00MSOFR SL_2723589022_RECEIVE CCPOIS / Short: B23589022 IRS USD P F  3.40020 SL_2723589022_PAY CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | GB        |     20000000 | OU      | $231016.80    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                   | Long: B23589023 IRS USD R V 00MSOFR SL_2723589023_RECEIVE CCPOIS / Short: B23589023 IRS USD P F  3.38270 SL_2723589023_PAY CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | GB        |     25000000 | OU      | $471576.25    | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| LCH Ltd.                                   | Long: B23589021 IRS USD R V 00MSOFR SL_2723589021_RECEIVE CCPOIS / Short: B23589021 IRS USD P F  3.39600 SL_2723589021_PAY CCPOIS | CUSIP: 000000000<br>LEI: F226TOH6YD6XJB17KS62 | N/A              | DIR              |  | GB        |     31000000 | OU      | $37586.26     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    755000000 | PA      | $14159505.20  | 2.09%             | 2031-07-19      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     20000000 | PA      | $5183147.18   | 0.76%             | 2033-04-15      | Fixed         | 3.84%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      5000000 | PA      | $1288019.67   | 0.19%             | 2028-06-15      | Fixed         | 3.73%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                   | Republic of South Africa Government Bond                                                                                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    165000000 | PA      | $10291520.29  | 1.52%             | 2037-01-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 160000000000 | PA      | $10466077.86  | 1.54%             | 2029-03-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| REPUBLIC OF SOUTH AFRICA                   | Republic of South Africa Government Bond                                                                                          | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    256987600 | PA      | $16357066.53  | 2.41%             | 2032-03-31      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 235000000000 | PA      | $15778671.43  | 2.32%             | 2031-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                   | Thailand Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     60000000 | PA      | $2140581.81   | 0.32%             | 2036-06-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                        | Sammaan Capital Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |    100000000 | PA      | $1076413.64   | 0.16%             | 2026-04-29      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| BUSAN BANK                                 | Busan Bank Co Ltd                                                                                                                 | CUSIP: 000000000<br>LEI: 98840019Y9P721BO0L96 | Long             | DBT              | CORP              | KR        |      5100000 | PA      | $5080675.85   | 0.75%             | 2026-07-25      | Fixed         | 3.63%                 | Yes           |                  2 | On Loan: No      |
| HDFC BANK LTD                              | HDFC Bank Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    500000000 | PA      | $5433162.11   | 0.80%             | 2026-09-21      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     10000000 | PA      | $2787182.45   | 0.41%             | 2037-04-07      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    325000000 | PA      | $3569532.55   | 0.53%             | 2027-05-15      | Fixed         | 6.79%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      5000000 | PA      | $1289690.12   | 0.19%             | 2027-11-16      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                   | Brazil Notas do Tesouro Nacional Serie F                                                                                          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     73000000 | PA      | $13023684.10  | 1.92%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UPL CORP LTD                               | UPL Corp Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 213800AQLATW4WEEH674 | Long             | DBT              | CORP              | MU        |      2641000 | PA      | $2574961.53   | 0.38%             | 2028-03-08      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| SHINHAN BANK                               | Shinhan Bank Co Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 5493003P813VL21KG928 | Long             | DBT              | CORP              | KR        |      5000000 | PA      | $5023884.10   | 0.74%             | 2028-03-26      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     30000000 | PA      | $8174767.88   | 1.20%             | 2033-11-07      | Fixed         | 4.64%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 200000000000 | PA      | $12856717.31  | 1.89%             | 2029-05-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| INDIAN RAILWAY FINANCE                     | Indian Railway Finance Corp Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 335800F2JHSOGXQEBY56 | Long             | DBT              | CORP              | IN        |     50000000 | PA      | $559083.57    | 0.08%             | 2028-12-04      | Fixed         | 8.45%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  38500000000 | PA      | $2650387.25   | 0.39%             | 2039-04-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     17000000 | PA      | $4398485.21   | 0.65%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| POWER GRID CORP OF INDIA                   | Power Grid Corp of India Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | DBT              | CORP              | IN        |    500000000 | PA      | $5534996.60   | 0.82%             | 2028-04-25      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| POWER GRID CORP OF INDIA                   | Power Grid Corp of India Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | DBT              | CORP              | IN        |    150000000 | PA      | $1647049.33   | 0.24%             | 2027-04-25      | Fixed         | 8.13%                 | No            |                  2 | On Loan: No      |
| DRB-HICOM BHD                              | DRB-Hicom Bhd                                                                                                                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1330873.81   | 0.20%             | 2029-12-12      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| UPL CORP LTD                               | UPL Corp Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 213800AQLATW4WEEH674 | Long             | DBT              | CORP              | MU        |      2700000 | PA      | $2578425.99   | 0.38%             | 2030-06-16      | Fixed         | 4.63%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      9800000 | PA      | $2516616.48   | 0.37%             | 2050-06-15      | Fixed         | 4.07%                 | No            |                  2 | On Loan: No      |
| NWD FINANCE (BVI) LTD                      | NWD Finance BVI Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 25490076V8K09HMNCT88 | Long             | DBT              | CORP              | VG        |      3700000 | PA      | $2879657.31   | 0.42%             | 2026-03-22      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     25000000 | PA      | $6120441.27   | 0.90%             | 2031-04-15      | Fixed         | 2.63%                 | No            |                  2 | On Loan: No      |
| PENGERANG LNG TWO                          | Pengerang LNG Two Sdn Bhd                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1236847.72   | 0.18%             | 2029-10-19      | Fixed         | 2.92%                 | No            |                  2 | On Loan: No      |
| AC ENERGY FIN INTL LTD                     | AC Energy Finance International Ltd                                                                                               | CUSIP: 000000000<br>LEI: 549300Z8J2RSBCDEY136 | Long             | DBT              | CORP              | KY        |      3400000 | PA      | $2872176.62   | 0.42%             | 2026-05-25      | Fixed         | 5.10%                 | Yes           |                  2 | On Loan: No      |
| WESFARMERS LTD                             | Wesfarmers Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 5493003L32ZX9557ST85 | Long             | DBT              | CORP              | AU        |      7000000 | PA      | $4240870.33   | 0.62%             | 2031-06-23      | Fixed         | 2.55%                 | Yes           |                  2 | On Loan: No      |
| BANK NEGARA INDONESIA                      | Bank Negara Indonesia Persero Tbk PT                                                                                              | CUSIP: 000000000<br>LEI: 549300HZ8J3MLVXQ8F85 | Long             | DBT              | CORP              | ID        |      4130000 | PA      | $4051861.85   | 0.60%             | 2027-03-24      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| GLOBE TELECOM INC                          | Globe Telecom Inc                                                                                                                 | CUSIP: 000000000<br>LEI: 254900GPWI1816YIM923 | Long             | DBT              | CORP              | PH        |      1097000 | PA      | $1092598.41   | 0.16%             | 2026-08-02      | Fixed         | 4.20%                 | Yes           |                  2 | On Loan: No      |
| PRUDENTIAL FUNDING ASIA                    | Prudential Funding Asia PLC                                                                                                       | CUSIP: 000000000<br>LEI: 2549005TNASWKLR0XC37 | Long             | DBT              | CORP              | GB        |      5400000 | PA      | $5201332.60   | 0.77%             | 2033-11-03      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                   | Brazil Notas do Tesouro Nacional Serie F                                                                                          | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     30000000 | PA      | $4887903.09   | 0.72%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     60000000 | PA      | $15335768.65  | 2.26%             | 2032-07-15      | Fixed         | 3.58%                 | No            |                  2 | On Loan: No      |
| IND & COMM BK OF CHINA                     | Industrial & Commercial Bank of China Ltd                                                                                         | CUSIP: 000000000<br>LEI: 5493002ERZU2K9PZDL40 | Long             | DBT              | CORP              | CN        |     30000000 | PA      | $4379867.93   | 0.65%             | 2032-01-20      | Fixed         | 3.28%                 | No            |                  2 | On Loan: No      |
| KOREA TREASURY BOND                        | Korea Treasury Bond                                                                                                               | CUSIP: 000000000<br>LEI: 549300O0QCVSQGPGDT58 | Long             | DBT              | NUSS              | KR        |  18300000000 | PA      | $10346893.23  | 1.52%             | 2052-03-10      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      6500000 | PA      | $1817245.68   | 0.27%             | 2042-10-15      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| MAF GLOBAL SECURITIES                      | MAF Global Securities Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 54930037VUDNYTS17017 | Long             | DBT              | CORP              | KY        |      2500000 | PA      | $2576170.00   | 0.38%             | 2027-06-30      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd                                                                                                       | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      7500000 | PA      | $5324990.13   | 0.78%             | 2032-08-03      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| AUST & NZ BANKING GROUP                    | Australia & New Zealand Banking Group Ltd                                                                                         | CUSIP: 000000000<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |       900000 | PA      | $635495.48    | 0.09%             | 2032-08-12      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 205000000000 | PA      | $12628537.38  | 1.86%             | 2033-02-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    893370000 | PA      | $15911877.93  | 2.34%             | 2032-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                     | Commonwealth Bank of Australia                                                                                                    | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      4000000 | PA      | $2869993.50   | 0.42%             | 2032-11-09      | Fixed         | 6.86%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA INVESTMNT ISSUE                   | Malaysia Government Investment Issue                                                                                              | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     60000000 | PA      | $15395722.22  | 2.27%             | 2028-07-31      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |    165000000 | PA      | $1764419.73   | 0.26%             | 2062-09-19      | Fixed         | 7.40%                 | No            |                  2 | On Loan: No      |
| EGYPT TASKEEK CO                           | Egyptian Financial Co for Sovereign Taskeek/The                                                                                   | CUSIP: 000000000<br>LEI: 894500CX5LI3HIC87H85 | Long             | DBT              | NUSS              | EG        |      3000000 | PA      | $3007530.00   | 0.44%             | 2026-02-28      | Fixed         | 10.88%                | Yes           |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd                                                                                                       | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      1500000 | PA      | $1065854.54   | 0.16%             | 2033-03-09      | Fixed         | 6.16%                 | Yes           |                  2 | On Loan: No      |
| COMMONWEALTH BANK AUST                     | Commonwealth Bank of Australia                                                                                                    | CUSIP: 000000000<br>LEI: MSFSBD3QN1GSN7Q6C537 | Long             | DBT              | CORP              | AU        |      7500000 | PA      | $5494151.01   | 0.81%             | 2038-03-15      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| BANK OF EAST ASIA LTD                      | Bank of East Asia Ltd/The                                                                                                         | CUSIP: 000000000<br>LEI: CO6GC26LCGGRTUESIP55 | Long             | DBT              | CORP              | HK        |      2500000 | PA      | $2506327.08   | 0.37%             | 2027-03-15      | Fixed         | 6.75%                 | Yes           |                  2 | On Loan: No      |
| INTER-AMERICAN DEVEL BK                    | Inter-American Development Bank                                                                                                   | CUSIP: 000000000<br>LEI: VKU1UKDS9E7LYLMACP54 | Long             | DBT              | NUSS              | XX        |    850000000 | PA      | $9108427.02   | 1.34%             | 2033-04-17      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     20000000 | PA      | $5126027.40   | 0.76%             | 2028-04-20      | Fixed         | 3.52%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      5000000 | PA      | $3587596.33   | 0.53%             | 2033-06-23      | Fixed         | 6.49%                 | Yes           |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      5000000 | PA      | $3709457.62   | 0.55%             | 2038-06-23      | Fixed         | 6.93%                 | Yes           |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                   | Asian Infrastructure Investment Bank/The                                                                                          | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |    550000000 | PA      | $5732730.94   | 0.84%             | 2033-06-30      | Fixed         | 6.65%                 | Yes           |                  2 | On Loan: No      |
| HONGKONG LAND FINANCE                      | Hongkong Land Finance Cayman Islands Co Ltd/The                                                                                   | CUSIP: 000000000<br>LEI: 254900OHTMO343QAXN81 | Long             | DBT              | CORP              | KY        |      5000000 | PA      | $5158825.20   | 0.76%             | 2033-07-14      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    148140000 | PA      | $2620472.17   | 0.39%             | 2033-08-17      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| FIRST ABU DHABI BANK PJS                   | First Abu Dhabi Bank PJSC                                                                                                         | CUSIP: 000000000<br>LEI: 2138002Y3WMK6RZS8H90 | Long             | DBT              | CORP              | AE        |      5000000 | PA      | $5187535.00   | 0.76%             | 2034-04-04      | Fixed         | 6.32%                 | Yes           |                  2 | On Loan: No      |
| HDFC BANK LTD                              | HDFC Bank Ltd                                                                                                                     | CUSIP: 000000000<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | DBT              | CORP              | IN        |    660000000 | PA      | $7225033.18   | 1.06%             | 2033-01-27      | Fixed         | 7.69%                 | No            |                  2 | On Loan: No      |
| WESTPAC BANKING CORP                       | Westpac Banking Corp                                                                                                              | CUSIP: 000000000<br>LEI: EN5TNI6CI43VEPAMHL14 | Long             | DBT              | CORP              | AU        |      6000000 | PA      | $4523128.92   | 0.67%             | 2038-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                    | International Bank for Reconstruction & Development                                                                               | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    137000000 | PA      | $1486885.34   | 0.22%             | 2029-07-22      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    440220000 | PA      | $7618381.80   | 1.12%             | 2034-01-25      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                   | Thailand Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     45000000 | PA      | $1534493.94   | 0.23%             | 2034-06-17      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                    | European Bank for Reconstruction & Development                                                                                    | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |    850000000 | PA      | $9091523.30   | 1.34%             | 2031-03-14      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                        | Sammaan Capital Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |      1734000 | PA      | $1808952.15   | 0.27%             | 2027-07-03      | Fixed         | 9.70%                 | No            |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                       | Far East Horizon Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |      4800000 | PA      | $4902500.45   | 0.72%             | 2027-04-16      | Fixed         | 6.63%                 | Yes           |                  2 | On Loan: No      |
| CORP ANDINA DE FOMENTO                     | Corp Andina de Fomento                                                                                                            | CUSIP: 000000000<br>LEI: UKZ46SXGNYCZK0UOZE76 | Long             | DBT              | NUSS              | XX        |    320000000 | PA      | $3515225.44   | 0.52%             | 2034-04-26      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| MANAPPURAM FINANCE LTD                     | Manappuram Finance Ltd                                                                                                            | CUSIP: 000000000<br>LEI: 335800JL5WTUSKOSPN77 | Long             | DBT              | CORP              | IN        |      2500000 | PA      | $2565798.35   | 0.38%             | 2028-05-12      | Fixed         | 7.38%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |      7000000 | PA      | $1831986.30   | 0.27%             | 2044-05-16      | Fixed         | 4.18%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                 | Singapore Government Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      9400000 | PA      | $8957008.10   | 1.32%             | 2054-06-01      | Fixed         | 3.25%                 | Yes           |                  2 | On Loan: No      |
| PAKISTAN INVESTMENT BOND                   | Pakistan Investment Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   5200000000 | PA      | $19197360.46  | 2.83%             | 2027-02-15      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| KRAKATAU POSCO PT                          | Krakatau Posco PT                                                                                                                 | CUSIP: 000000000<br>LEI: 98450003F1F2D08D9C16 | Long             | DBT              | CORP              | ID        |      4750000 | PA      | $4914290.44   | 0.72%             | 2029-06-11      | Fixed         | 6.38%                 | Yes           |                  2 | On Loan: No      |
| ZHONGSHENG GROUP                           | Zhongsheng Group Holdings Ltd                                                                                                     | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | DBT              | CORP              | KY        |      4810000 | PA      | $4850119.34   | 0.71%             | 2028-01-30      | Fixed         | 5.98%                 | Yes           |                  2 | On Loan: No      |
| NWD MTN LTD                                | NWD MTN Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 254900STSWBVJ5FV9O74 | Long             | DBT              | CORP              | VG        |      1200000 | PA      | $1169911.96   | 0.17%             | 2028-02-08      | Fixed         | 8.63%                 | Yes           |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  20000000000 | PA      | $1219541.26   | 0.18%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| KHAZANAH CAPITAL LTD                       | Khazanah Capital Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 213800O6O4S6ZMOA9R34 | Long             | DBT              | CORP              | MY        |      3900000 | PA      | $3916560.14   | 0.58%             | 2034-09-05      | Fixed         | 4.76%                 | Yes           |                  2 | On Loan: No      |
| ABU DHABI COMMERCIAL BNK                   | Abu Dhabi Commercial Bank PJSC                                                                                                    | CUSIP: 000000000<br>LEI: 213800RWVKKIRX1AUH58 | Long             | DBT              | CORP              | AE        |      4800000 | PA      | $4876269.55   | 0.72%             | 2035-03-10      | Fixed         | 5.36%                 | Yes           |                  2 | On Loan: No      |
| MUANGTHAI CAPITAL PCL                      | Muangthai Capital PCL                                                                                                             | CUSIP: 000000000<br>LEI: 254900ZI1FO2W9132C98 | Long             | DBT              | CORP              | TH        |      1824000 | PA      | $1853563.87   | 0.27%             | 2028-09-30      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| PAKISTAN INVESTMENT BOND                   | Pakistan Investment Bond                                                                                                          | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |   2400000000 | PA      | $9020310.21   | 1.33%             | 2027-09-20      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                   | Thailand Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    180000000 | PA      | $5822297.79   | 0.86%             | 2045-06-17      | Fixed         | 2.98%                 | No            |                  2 | On Loan: No      |
| FORTUNE STAR BVI LTD                       | Fortune Star BVI Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 2549008CU8NYQQRSNU62 | Long             | DBT              | CORP              | VG        |      4700000 | PA      | $4856998.10   | 0.72%             | 2028-05-19      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                   | Thailand Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    110000000 | PA      | $3625711.94   | 0.53%             | 2040-06-17      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Sri Lanka Government International Bonds   | Sri Lanka Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |      1500000 | PA      | $1375500.00   | 0.20%             | 2033-03-15      | Variable      | 3.35%                 | Yes           |                  2 | On Loan: No      |
| CHINA HONGQIAO GROUP LTD                   | China Hongqiao Group Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | DBT              | CORP              | KY        |      2300000 | PA      | $2380500.00   | 0.35%             | 2028-01-10      | Fixed         | 7.05%                 | Yes           |                  2 | On Loan: No      |
| HEALTH AND HAPPINESS H&H                   | Health & Happiness H&H International Holdings Ltd                                                                                 | CUSIP: 000000000<br>LEI: 2138007WU5DJFZFDDV59 | Long             | DBT              | CORP              | KY        |      4900000 | PA      | $5193020.00   | 0.77%             | 2028-07-24      | Fixed         | 9.13%                 | Yes           |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                   | Thailand Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |    320000000 | PA      | $10571974.60  | 1.56%             | 2035-03-17      | Fixed         | 2.41%                 | No            |                  2 | On Loan: No      |
| Singapore Government Bonds                 | Singapore Government Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 549300ZSV6VOGFH1ER70 | Long             | DBT              | NUSS              | SG        |      4300000 | PA      | $3593192.36   | 0.53%             | 2035-03-01      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA INVESTMNT ISSUE                   | Malaysia Government Investment Issue                                                                                              | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     50000000 | PA      | $12881388.13  | 1.90%             | 2030-08-30      | Fixed         | 3.64%                 | No            |                  2 | On Loan: No      |
| ELECT GLOBAL INV LTD                       | Elect Global Investments Ltd                                                                                                      | CUSIP: 000000000<br>LEI: 254900MGJD77N8VPNK65 | Long             | DBT              | CORP              | VG        |      9200000 | PA      | $9728242.01   | 1.43%             | 2030-09-11      | Fixed         | 7.20%                 | Yes           |                  2 | On Loan: No      |
| EQUINIX ASIA FIN CORP                      | Equinix Asia Financing Corp Pte Ltd                                                                                               | CUSIP: 000000000<br>LEI: 2549002E9B0F5FQ3X427 | Long             | DBT              |  | SG        |      3000000 | PA      | $2377095.67   | 0.35%             | 2030-03-15      | Fixed         | 3.50%                 | Yes           |                  2 | On Loan: No      |
| MTR CORP LTD                               | MTR Corp Ltd                                                                                                                      | CUSIP: 000000000<br>LEI: 254900IH4U9NHH9AQM97 | Long             | DBT              | CORP              | HK        |      1300000 | PA      | $1300356.20   | 0.19%             | 2055-04-01      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SRI LANKA GOVT BOND                        | Sri Lanka Government Bonds                                                                                                        | CUSIP: 000000000<br>LEI: 254900IG6Y30I2QE2R92 | Long             | DBT              | NUSS              | LK        |    880000000 | PA      | $2968429.08   | 0.44%             | 2029-12-15      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| HK GOVT INFRA BOND PROG                    | Hong Kong Government Infrastructure Bond Programme                                                                                | CUSIP: 000000000<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |     48000000 | PA      | $6191958.89   | 0.91%             | 2028-04-25      | Fixed         | 2.76%                 | No            |                  2 | On Loan: No      |
| THAILAND GOVERNMENT BOND                   | Thailand Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900PHJ6MSKT6C7026 | Long             | DBT              | NUSS              | TH        |     96000000 | PA      | $3085874.68   | 0.45%             | 2030-03-17      | Fixed         | 1.66%                 | No            |                  2 | On Loan: No      |
| TONGYANGLIFEINSURANCECO                    | Tongyang Life Insurance Co Ltd                                                                                                    | CUSIP: 000000000<br>LEI: 9884007L6E9UAWKGCX42 | Long             | DBT              | CORP              | KR        |      4738000 | PA      | $4934628.23   | 0.73%             | 2035-05-07      | Fixed         | 6.25%                 | Yes           |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                      | China Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     50500000 | PA      | $6674945.01   | 0.98%             | 2055-04-25      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| GLP PTE LTD                                | GLP Pte Ltd                                                                                                                       | CUSIP: 000000000<br>LEI: 254900PC2NNG9BLIJO15 | Long             | DBT              | CORP              | SG        |      5000000 | PA      | $5122313.60   | 0.75%             | 2028-05-20      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     15000000 | PA      | $3807458.14   | 0.56%             | 2030-05-15      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| CHINA HONGQIAO GROUP LTD                   | China Hongqiao Group Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 3003009Q4IBFSDE24571 | Long             | DBT              | CORP              | KY        |      2252000 | PA      | $2347732.43   | 0.35%             | 2028-11-29      | Fixed         | 6.93%                 | Yes           |                  2 | On Loan: No      |
| MTR CORP CI LTD                            | MTR Corp CI Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 254900SEVE6JAZLGDW04 | Long             | DBT              | CORP              | KY        |      3000000 | PA      | $3157112.76   | 0.47%             | 2035-09-24      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| SNB FUNDING LTD                            | SNB Funding Ltd                                                                                                                   | CUSIP: 000000000<br>LEI: 549300PT73WJRNMAKE44 | Long             | DBT              | CORP              | KY        |      5000000 | PA      | $5117374.40   | 0.75%             | 2035-06-24      | Fixed         | 6.00%                 | Yes           |                  2 | On Loan: No      |
| DEVT BANK OF MONGOLIA                      | Development Bank of Mongolia LLC                                                                                                  | CUSIP: 000000000<br>LEI: 254900HRWK3OKXS9UW60 | Long             | DBT              | NUSS              | MN        |      3800000 | PA      | $3946820.07   | 0.58%             | 2028-07-03      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| HK GOVT INFRA BOND PROG                    | Hong Kong Government Infrastructure Bond Programme                                                                                | CUSIP: 000000000<br>LEI: 549300DSMAD69T7GGN13 | Long             | DBT              | NUSS              | HK        |     50000000 | PA      | $6385669.35   | 0.94%             | 2035-07-24      | Fixed         | 3.17%                 | No            |                  2 | On Loan: No      |
| TEMASEK FINANCIAL I LTD                    | Temasek Financial I Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 549300XMGMDF3VRJMF12 | Long             | DBT              | CORP              | SG        |     66000000 | PA      | $9413014.70   | 1.39%             | 2030-07-30      | Fixed         | 1.85%                 | Yes           |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                        | Sammaan Capital Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |      1500000 | PA      | $1570230.08   | 0.23%             | 2028-08-28      | Fixed         | 8.95%                 | No            |                  2 | On Loan: No      |
| SMPHI SG HOLDINGS PTE                      | Smphi SG Holdings Pte Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 2549002L5A656JV9N907 | Long             | DBT              | CORP              | SG        |      5000000 | PA      | $5007410.95   | 0.74%             | 2030-09-16      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| CN PING AN INSUR OVERSEA                   | China Ping An Insurance Overseas Holdings Ltd                                                                                     | CUSIP: 000000000<br>LEI: 25490058XRCE9DZAMJ79 | Long             | DBT              | CORP              | HK        |      1260000 | PA      | $1253544.92   | 0.18%             | 2035-10-08      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| SAMMAAN CAPITAL LTD                        | Sammaan Capital Ltd                                                                                                               | CUSIP: 000000000<br>LEI: 335800A2A3G53ZQZTQ21 | Long             | DBT              | CORP              | IN        |      1000000 | PA      | $1007304.36   | 0.15%             | 2030-10-16      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                      | China Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     65000000 | PA      | $9370907.39   | 1.38%             | 2030-10-25      | Fixed         | 1.63%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                    | International Bank for Reconstruction & Development                                                                               | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |    242000000 | PA      | $4060164.91   | 0.60%             | 2032-11-03      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| CS TREASURY MGMT SERVICE                   | CS Treasury Management Services P Ltd                                                                                             | CUSIP: 000000000<br>LEI: 254900MLBK4TUEESYL96 | Long             | DBT              | CORP              | VG        |      2500000 | PA      | $2555114.35   | 0.38%             | 2026-06-05      | Fixed         | 9.00%                 | Yes           |                  2 | On Loan: No      |
| FAR EAST HORIZON LTD                       | Far East Horizon Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300S9XRGO1ZPUHE62 | Long             | DBT              | CORP              | HK        |      2413000 | PA      | $2418284.47   | 0.36%             | 2029-01-13      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| SHUI ON DEVELOPMENT HLDG                   | Shui On Development Holding Ltd                                                                                                   | CUSIP: 000000000<br>LEI: 3003005J4J3G9CZFDK52 | Long             | DBT              | CORP              | KY        |      3750000 | PA      | $3794325.00   | 0.56%             | 2029-01-26      | Fixed         | 9.75%                 | Yes           |                  2 | On Loan: No      |
| CHINA OIL & GAS GROUP                      | China Oil & Gas Group Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 52990063CVI7GDV4JZ06 | Long             | DBT              | CORP              | BM        |      5000000 | PA      | $4993750.00   | 0.74%             | 2029-02-04      | Fixed         | 7.00%                 | Yes           |                  2 | On Loan: No      |
| Chicago Board of Trade                     | US 10YR NOTE (CBT)MAR26                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          425 | NC      | $-531917.25   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                     | US 10YR NOTE (CBT)MAR26                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |         -199 | NC      | $246882.78    | 0.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                     | US ULTRA BOND CBT MAR26                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          306 | NC      | $-582448.52   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                     | US 5YR NOTE (CBT) MAR26                                                                                                           | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DIR              |  | US        |          453 | NC      | $-308564.13   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Korea Exchange (Futures Market)            | KOREA 10YR BND FU MAR26                                                                                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DIR              |  | KR        |          663 | NC      | $-574609.21   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| DP WORLD LTD UAE                           | DP World Ltd/United Arab Emirates                                                                                                 | CUSIP: 000000000<br>LEI: 549300M3U2DNF4QVSS04 | Long             | DBT              | CORP              | AE        |      2700000 | PA      | $3002130.49   | 0.44%             | 2037-07-02      | Fixed         | 6.85%                 | Yes           |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    435710000 | PA      | $9013769.10   | 1.33%             | 2034-11-05      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                       | Indonesia Treasury Bond                                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |  16000000000 | PA      | $1110477.21   | 0.16%             | 2031-07-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Kaisa Group Holdings Ltd                   | Kaisa Group Holdings Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900N8L3L7NRJT0120 | Long             | EC               | CORP              | KY        |        79662 | NS      | $953.36       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                      | Philippine Government Bond                                                                                                        | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    260310000 | PA      | $5069075.36   | 0.75%             | 2035-09-30      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| SANTOS FINANCE LTD                         | Santos Finance Ltd                                                                                                                | CUSIP: 000000000<br>LEI: 213800BKUBSWG53XNS94 | Long             | DBT              | CORP              | AU        |      4900000 | PA      | $4876297.67   | 0.72%             | 2027-09-14      | Fixed         | 4.13%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     20000000 | PA      | $5190954.24   | 0.76%             | 2029-08-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Pakistan Government International Bonds    | Pakistan Government International Bonds                                                                                           | CUSIP: 000000000<br>LEI: 529900LOP29R5WKHOD86 | Long             | DBT              | NUSS              | PK        |      3000000 | PA      | $3044953.59   | 0.45%             | 2027-12-05      | Fixed         | 6.88%                 | Yes           |                  2 | On Loan: No      |
| INDIA GOVERNMENT BOND                      | India Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 335800IV7VCDQGIOI391 | Long             | DBT              | NUSS              | IN        |      9590000 | PA      | $115463.24    | 0.02%             | 2030-09-30      | Fixed         | 9.20%                 | No            |                  2 | On Loan: No      |
| PENGERANG LNG TWO                          | Pengerang LNG Two Sdn Bhd                                                                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | MY        |      5000000 | PA      | $1244991.79   | 0.18%             | 2028-10-20      | Fixed         | 2.86%                 | No            |                  2 | On Loan: No      |
| INTL BK RECON & DEVELOP                    | International Bank for Reconstruction & Development                                                                               | CUSIP: 000000000<br>LEI: ZTMSNXROF84AHWJNKQ93 | Long             | DBT              | NUSS              | XX        |   1250000000 | PA      | $13507405.90  | 1.99%             | 2031-01-25      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                      | China Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |     14000000 | PA      | $2019347.21   | 0.30%             | 2028-05-25      | Fixed         | 1.46%                 | No            |                  2 | On Loan: No      |
| CHINA GOVERNMENT BOND                      | China Government Bond                                                                                                             | CUSIP: 000000000<br>LEI: 300300CHN201808MOF68 | Long             | DBT              | NUSS              | CN        |    175500000 | PA      | $24992102.95  | 3.68%             | 2035-05-25      | Fixed         | 1.67%                 | No            |                  2 | On Loan: No      |
| CFAMC III CO LTD                           | CFAMC III Co Ltd                                                                                                                  | CUSIP: 000000000<br>LEI: 5493006V07LYI3HE6G83 | Long             | DBT              | CORP              | VG        |      4500000 | PA      | $4516380.18   | 0.67%             | 2027-04-27      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| HUTCHISON WHAMPOA FIN                      | Hutchison Whampoa Finance CI Ltd                                                                                                  | CUSIP: 000000000<br>LEI: 254900R3BZU6S8ZU0L15 | Long             | DBT              | CORP              | KY        |     15500000 | PA      | $16262878.07  | 2.40%             | 2027-08-01      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |
| MELCO RESORTS FINANCE                      | Melco Resorts Finance Ltd                                                                                                         | CUSIP: 000000000<br>LEI: 5493000FQDBWKDBZEF60 | Long             | DBT              | CORP              | KY        |      3000000 | PA      | $3145739.61   | 0.46%             | 2032-04-17      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| STANDARD CHARTERED PLC                     | Standard Chartered PLC                                                                                                            | CUSIP: 000000000<br>LEI: U4LOSYZ7YG4W3S5F2G91 | Long             | DBT              | CORP              | GB        |      3000000 | PA      | $3185991.66   | 0.47%             | 2028-11-16      | Fixed         | 7.77%                 | Yes           |                  2 | On Loan: No      |
| STUDIO CITY FINANCE LTD                    | Studio City Finance Ltd                                                                                                           | CUSIP: 000000000<br>LEI: 254900D6R731QAUIG324 | Long             | DBT              | CORP              | VG        |      2300000 | PA      | $2228171.64   | 0.33%             | 2029-01-15      | Fixed         | 5.00%                 | Yes           |                  2 | On Loan: No      |
| WYNN MACAU LTD                             | Wynn Macau Ltd                                                                                                                    | CUSIP: 000000000<br>LEI: 254900NMDQ8ENTHU1I31 | Long             | DBT              | CORP              | KY        |      3000000 | PA      | $2993855.31   | 0.44%             | 2028-08-26      | Fixed         | 5.63%                 | Yes           |                  2 | On Loan: No      |
| RAKUTEN GROUP INC                          | Rakuten Group Inc                                                                                                                 | CUSIP: 000000000<br>LEI: 529900IMXUCQKUL1H943 | Long             | DBT              | CORP              | JP        |      4500000 | PA      | $4793656.37   | 0.71%             | 2027-02-15      | Fixed         | 11.25%                | Yes           |                  2 | On Loan: No      |
| SOFTBANK CORP                              | SoftBank Corp                                                                                                                     | CUSIP: 000000000<br>LEI: 353800M1YCTS9JRBJ535 | Long             | DBT              | CORP              | JP        |      5000000 | PA      | $5007634.45   | 0.74%             | 2035-07-09      | Fixed         | 5.33%                 | Yes           |                  2 | On Loan: No      |
| DOMINICAN REPUBLIC                         | Dominican Republic International Bond                                                                                             | CUSIP: 000000000<br>LEI: 254900EHU7Q8FGVPI369 | Long             | DBT              | NUSS              | DO        |    219950000 | PA      | $4280524.94   | 0.63%             | 2033-02-03      | Fixed         | 13.63%                | Yes           |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                    | Mexican Bonos                                                                                                                     | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    469000000 | PA      | $27257605.86  | 4.02%             | 2029-05-31      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NATIONAL AUSTRALIA BANK                    | National Australia Bank Ltd                                                                                                       | CUSIP: 000000000<br>LEI: F8SB4JFBSYQFRQEH3Z21 | Long             | DBT              | CORP              | AU        |      1000000 | PA      | $1083656.86   | 0.16%             | 2033-01-12      | Fixed         | 6.43%                 | Yes           |                  2 | On Loan: No      |
| GREENKO POWER II LTD                       | Greenko Power II Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 254900YYA4B6O2O4JM12 | Long             | DBT              | CORP              | MU        |      1543560 | PA      | $1478636.20   | 0.22%             | 2028-12-13      | Fixed         | 4.30%                 | Yes           |                  2 | On Loan: No      |
| INDIA CLEANTECH ENERGY                     | India Cleantech Energy                                                                                                            | CUSIP: 000000000<br>LEI: 254900DGTS4HHR3Q6F66 | Long             | DBT              | CORP              | MU        |      2277000 | PA      | $2262312.99   | 0.33%             | 2026-08-10      | Fixed         | 4.70%                 | Yes           |                  2 | On Loan: No      |
| Indonesia Government International Bonds   | Indonesia Government International Bonds                                                                                          | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |     12880000 | PA      | $16321398.31  | 2.40%             | 2035-10-12      | Fixed         | 8.50%                 | Yes           |                  2 | On Loan: No      |
| REPUBLIC OF INDONESIA                      | Indonesia Government International Bond                                                                                           | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        |      6000000 | PA      | $7406297.04   | 1.09%             | 2038-01-17      | Fixed         | 7.75%                 | Yes           |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                        | Malaysia Government Bond                                                                                                          | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     20000000 | PA      | $5352288.69   | 0.79%             | 2035-05-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| MEDCO MAPLE TREE PTE LTD                   | Medco Maple Tree Pte Ltd                                                                                                          | CUSIP: 000000000<br>LEI: 254900T5AQZNR0THA508 | Long             | DBT              | CORP              | SG        |      2206000 | PA      | $2301121.82   | 0.34%             | 2029-04-27      | Fixed         | 8.96%                 | Yes           |                  2 | On Loan: No      |
| Petroliam Nasional Bhd.                    | Petroliam Nasional Bhd.                                                                                                           | CUSIP: 000000000<br>LEI: 5493003RZQYJM7QGNE15 | Long             | DBT              | CORP              | MY        |      2000000 | PA      | $2048343.76   | 0.30%             | 2026-10-15      | Fixed         | 7.63%                 | Yes           |                  2 | On Loan: No      |
| Petronas Capital Ltd.                      | Petronas Capital Ltd.                                                                                                             | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |      2600000 | PA      | $2333513.60   | 0.34%             | 2060-04-21      | Fixed         | 4.80%                 | Yes           |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                       | Petronas Capital Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |      2800000 | PA      | $2915621.60   | 0.43%             | 2055-04-03      | Fixed         | 5.85%                 | Yes           |                  2 | On Loan: No      |
| PETRONAS CAPITAL LTD                       | Petronas Capital Ltd                                                                                                              | CUSIP: 000000000<br>LEI: 549300G7YFX3540OYR85 | Long             | DBT              | CORP              | MY        |      2000000 | PA      | $1796110.52   | 0.26%             | 2032-01-28      | Fixed         | 2.48%                 | Yes           |                  2 | On Loan: No      |
| TENAGA NASIONAL BERHAD                     | Tenaga Nasional Bhd                                                                                                               | CUSIP: 000000000<br>LEI: 549300FV8X6UID6I1413 | Long             | DBT              | CORP              | MY        |      2700000 | PA      | $2695410.00   | 0.40%             | 2096-01-15      | Fixed         | 7.50%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-03-03

**Name of Applicant:** ABRDN ASIA-PACIFIC INCOME FUND, INC.

**Signature:** Sharon Ferrari

**Name of Signer:** Sharon Ferrari

**Title:** Assistant Treasurer