# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001410368-25-042510
**Filing Date:** 2025-12
**Character Count:** 38200
**Document Hash:** d2387fdb78129b51041825ccf89d9b2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-042510.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001410368-25-042510

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** abrdn Funds
- **CENTRAL INDEX KEY:** 0001413594

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22132
- **FILM NUMBER:** 251601088

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

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

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

## Series and Classes Contracts Data

### abrdn Emerging Markets Dividend Active ETF (Series ID: S000088603)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000254923 | abrdn Emerging Markets Dividend Active ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** PHILADELPHIA

  - **State:** PA

  - **Foreign country:** US

  - **Zip / Postal Code:** 19103

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

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

- **a. Name of Series:** abrdn Emerging Markets Dividend Active ETF

- **b. EDGAR series identifier (if any):** S000088603

- **c. LEI of Series:** 213800SKU9GX8TWAEI73

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $212763827.83

**Total Liabilities:** $1019072.75

**Net Assets:** $211744755.08

**Cash Not Reported:** $15939.01

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254923 | 3.48%                | 6.22%                | 3.74%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $227753.04               | $2483997.87                                |
| Month 2  | $978265.51               | $4087794.06                                |
| Month 3  | $679209.84               | $7204627.52                                |

### 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: 001317205<br>LEI: ZP5ILWVSYE4LJGMMVD57 | Long             | EC               | CORP              | HK        |     51765 | NS      | $2017282.05   | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                            | Alibaba Group Holding Ltd                                    | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     34586 | NS      | $5894491.98   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Autohome Inc                                         | Autohome Inc                                                 | CUSIP: 05278C107<br>LEI: 529900NYB6ZGZN3MVT56 | Long             | EC               | CORP              | KY        |     25376 | NS      | $639475.20    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB de CV                   | Grupo Financiero Banorte SAB de CV                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    362567 | NS      | $3403682.24   | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Sureste SAB de CV            | Grupo Aeroportuario del Sureste SAB de CV                    | CUSIP: 000000000<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |     54059 | NS      | $1635693.21   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                               | Grupo Mexico SAB de CV                                       | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |   1026680 | NS      | $8859007.50   | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| WEG SA                                               | WEG SA                                                       | CUSIP: 000000000<br>LEI: 254900NKQV127YFRO022 | Long             | EC               | CORP              | BR        |     81851 | NS      | $640512.85    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| HDFC Bank Ltd                                        | HDFC Bank Ltd                                                | CUSIP: 40415F101<br>LEI: 335800ZQ6I4E2JXENC50 | Long             | EC               | CORP              | IN        |    231828 | NS      | $8396810.16   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| ICICI Bank Ltd                                       | ICICI Bank Ltd                                               | CUSIP: 45104G104<br>LEI: R7RX8ER1V4666J8D1I38 | Long             | EC               | CORP              | IN        |     41576 | NS      | $1259752.80   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Itau Unibanco Holding SA                             | Itau Unibanco Holding SA                                     | CUSIP: 465562106<br>LEI: 5493002W2IVG62O3ZJ94 | Long             | EC               | CORP              | BR        |    166708 | NS      | $1226970.88   | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                                           | JD.com Inc                                                   | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     30545 | NS      | $1009206.80   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Kaspi.KZ JSC                                         | Kaspi.KZ JSC                                                 | CUSIP: 48581R205<br>LEI: 2549003YU6FARG8OAZ13 | Long             | EC               | CORP              | KZ        |      8030 | NS      | $600563.70    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Li Auto Inc                                          | Li Auto Inc                                                  | CUSIP: 50202M102<br>LEI: 2549003R73Q70J5H4I65 | Long             | EC               | CORP              | KY        |     37726 | NS      | $786587.10    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Asian Terminals Inc                                  | Asian Terminals Inc                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | PH        |   2044800 | NS      | $1089285.98   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Accton Technology Corp                               | Accton Technology Corp                                       | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |     70000 | NS      | $2459256.37   | 1.16%             |  |  |  | No            |                  2 | On Loan: No      |
| Realtek Semiconductor Corp                           | Realtek Semiconductor Corp                                   | CUSIP: 000000000<br>LEI: 5299002E7F36O00MYY75 | Long             | EC               | CORP              | TW        |     95000 | NS      | $1591522.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of the Philippine Islands                       | Bank of the Philippine Islands                               | CUSIP: 000000000<br>LEI: 549300UW4UH6XT2X8C50 | Long             | EC               | CORP              | PH        |    110740 | NS      | $198334.68    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Bajaj Holdings & Investment Ltd                      | Bajaj Holdings & Investment Ltd                              | CUSIP: 000000000<br>LEI: 335800NL7NWD9IPOHL48 | Long             | EC               | CORP              | IN        |     18570 | NS      | $2576166.83   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Computer Inc                                  | Quanta Computer Inc                                          | CUSIP: 000000000<br>LEI: 529900DE8BIV3XOXIK04 | Long             | EC               | CORP              | TW        |     69000 | NS      | $674490.09    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Chroma ATE Inc                                       | Chroma ATE Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    154000 | NS      | $4102859.37   | 1.94%             |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                                | Delta Electronics Inc                                        | CUSIP: 000000000<br>LEI: 529900UVZWNWGDLJSM52 | Long             | EC               | CORP              | TW        |     43000 | NS      | $1391789.47   | 0.66%             |  |  |  | No            |                  2 | On Loan: No      |
| Ciputra Development Tbk PT                           | Ciputra Development Tbk PT                                   | CUSIP: 000000000<br>LEI: 2549000JMJUYB9U5Y204 | Long             | EC               | CORP              | ID        |   6247300 | NS      | $332463.05    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                  | NAC Kazatomprom JSC                                          | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     11241 | NS      | $657598.50    | 0.31%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Sinbon Electronics Co Ltd                            | Sinbon Electronics Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     54000 | NS      | $371523.37    | 0.18%             |  |  |  | No            |                  2 | On Loan: No      |
| MediaTek Inc                                         | MediaTek Inc                                                 | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |     92000 | NS      | $3920497.06   | 1.85%             |  |  |  | No            |                  2 | On Loan: No      |
| NetEase Inc                                          | NetEase Inc                                                  | CUSIP: 64110W102<br>LEI: 5299004AF4DSJDB0PA32 | Long             | EC               | CORP              | KY        |     26662 | NS      | $3735346.20   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Sporton International Inc                            | Sporton International Inc                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |    115000 | NS      | $669626.88    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| HD Korea Shipbuilding & Offshore Engineering Co Ltd  | HD Korea Shipbuilding & Offshore Engineering Co Ltd          | CUSIP: 000000000<br>LEI: 988400DPTJ9KH5R6W540 | Long             | EC               | CORP              | KR        |      9515 | NS      | $3165544.83   | 1.49%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                         | SK hynix Inc                                                 | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |     13635 | NS      | $5349685.91   | 2.53%             |  |  |  | No            |                  2 | On Loan: No      |
| Krung Thai Bank PCL                                  | Krung Thai Bank PCL                                          | CUSIP: 000000000<br>LEI: 54930007ZQMYCRFQGE36 | Long             | EC               | CORP              | TH        |   2293400 | NS      | $1932740.06   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Poya International Co Ltd                            | Poya International Co Ltd                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |     33150 | NS      | $490116.62    | 0.23%             |  |  |  | No            |                  2 | On Loan: No      |
| Bank Mandiri Persero Tbk PT                          | Bank Mandiri Persero Tbk PT                                  | CUSIP: 000000000<br>LEI: 549300RSKQN4Z5ZSGH94 | Long             | EC               | CORP              | ID        |  13594000 | NS      | $3858309.08   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero Tbk PT                 | Bank Rakyat Indonesia Persero Tbk PT                         | CUSIP: 000000000<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |  10391200 | NS      | $2486889.72   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung E&A Co Ltd                                   | Samsung E&A Co Ltd                                           | CUSIP: 000000000<br>LEI: 988400HDAY5KIVHGZ188 | Long             | EC               | CORP              | KR        |     68387 | NS      | $1245581.79   | 0.59%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                           | Samsung Electronics Co Ltd                                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |    216143 | NS      | $12803979.08  | 6.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Telekom Malaysia Bhd                                 | Telekom Malaysia Bhd                                         | CUSIP: 000000000<br>LEI: 254900SNFPTSDGGVEK77 | Long             | EC               | CORP              | MY        |    884300 | NS      | $1541401.62   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd            | Taiwan Semiconductor Manufacturing Co Ltd                    | CUSIP: 000000000<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    468000 | NS      | $22835951.99  | 10.78%            |  |  |  | No            |                  2 | On Loan: No      |
| Petroleo Brasileiro SA - Petrobras                   | Petroleo Brasileiro SA - Petrobras                           | CUSIP: 71654V101<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    316885 | NS      | $3501579.25   | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Insurance Group Co of China Ltd              | Ping An Insurance Group Co of China Ltd                      | CUSIP: 72341E304<br>LEI: 529900M9MC28JLN35U89 | Long             | EC               | CORP              | CN        |    108845 | NS      | $1571721.80   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                         | State Street Institutional U.S. Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    754644 | NS      | $754643.79    | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Global Advisors                         | State Street Institutional US Government Money Market Fund   | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |   1257497 | NS      | $1257496.71   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Shinhan Financial Group Co Ltd                       | Shinhan Financial Group Co Ltd                               | CUSIP: 824596100<br>LEI: 988400EB8A6G49E5KO54 | Long             | EC               | CORP              | KR        |     14088 | NS      | $728208.72    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Telefonica Brasil SA                                 | Telefonica Brasil SA                                         | CUSIP: 87936R205<br>LEI: 529900MTGG2HSDBIWG79 | Long             | EC               | CORP              | BR        |    264017 | NS      | $3149722.81   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Tencent Holdings Ltd                                 | Tencent Holdings Ltd                                         | CUSIP: 88032Q109<br>LEI: 254900N4SLUMW4XUYY11 | Long             | EC               | CORP              | KY        |    189219 | NS      | $15396750.03  | 7.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vale SA                                              | Vale SA                                                      | CUSIP: 91912E105<br>LEI: 254900SMTWBX7RU2SR20 | Long             | EC               | CORP              | BR        |     56432 | NS      | $682262.88    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Silergy Corp                                         | Silergy Corp                                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     56000 | NS      | $405321.88    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Samsung C&T Corp                                     | Samsung C&T Corp                                             | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |      8319 | NS      | $1319595.72   | 0.62%             |  |  |  | No            |                  2 | On Loan: No      |
| Yifeng Pharmacy Chain Co Ltd                         | Yifeng Pharmacy Chain Co Ltd                                 | CUSIP: 000000000<br>LEI: 300300CZZIF44N1EZO06 | Long             | EC               | CORP              | CN        |    132200 | NS      | $453836.98    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ASE Technology Holding Co Ltd                        | ASE Technology Holding Co Ltd                                | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |    229000 | NS      | $1843710.35   | 0.87%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                           | National Bank of Greece SA                                   | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |    213595 | NS      | $3137822.69   | 1.48%             |  |  |  | No            |                  2 | On Loan: No      |
| Aptus Value Housing Finance India Ltd                | Aptus Value Housing Finance India Ltd                        | CUSIP: 000000000<br>LEI: 335800B5FZTE7UR3W714 | Long             | EC               | CORP              | IN        |    377020 | NS      | $1354611.19   | 0.64%             |  |  |  | No            |                  2 | On Loan: No      |
| ADNOC Drilling Co PJSC                               | ADNOC Drilling Co PJSC                                       | CUSIP: 000000000<br>LEI: 254900JPRSQL1PM0JV19 | Long             | EC               | CORP              | AE        |    513756 | NS      | $780505.72    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Americana Restaurants International PLC - Foreign Co | Americana Restaurants International PLC - Foreign Co         | CUSIP: 000000000<br>LEI: 549300EYHRPEZ6UVAM64 | Long             | EC               | CORP              | AE        |   1877343 | NS      | $1068254.91   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| 360 ONE WAM Ltd                                      | 360 ONE WAM Ltd                                              | CUSIP: 000000000<br>LEI: 335800DDYMCDBO5OLL32 | Long             | EC               | CORP              | IN        |     66598 | NS      | $813238.88    | 0.38%             |  |  |  | No            |                  2 | On Loan: No      |
| Midea Group Co Ltd                                   | Midea Group Co Ltd                                           | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |    177300 | NS      | $1916621.09   | 0.91%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                         | Techtronic Industries Co Ltd                                 | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |    134000 | NS      | $1565809.37   | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Li Ning Co Ltd                                       | Li Ning Co Ltd                                               | CUSIP: 000000000<br>LEI: 529900T77L2FV3FZ3U81 | Long             | EC               | CORP              | KY        |    847500 | NS      | $1841027.98   | 0.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Tata Consultancy Services Ltd                        | Tata Consultancy Services Ltd                                | CUSIP: 000000000<br>LEI: 335800ZJKU9GPQRE2U66 | Long             | EC               | CORP              | IN        |     65837 | NS      | $2269442.19   | 1.07%             |  |  |  | No            |                  2 | On Loan: No      |
| Sanlam Ltd                                           | Sanlam Ltd                                                   | CUSIP: 000000000<br>LEI: 37890014418406D9FC23 | Long             | EC               | CORP              | ZA        |    332183 | NS      | $1742966.84   | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Aldar Properties PJSC                                | Aldar Properties PJSC                                        | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |    772610 | NS      | $1893162.17   | 0.89%             |  |  |  | No            |                  2 | On Loan: No      |
| Mahindra & Mahindra Ltd                              | Mahindra & Mahindra Ltd                                      | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     31108 | NS      | $1234987.60   | 0.58%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Odontoprev SA                                        | Odontoprev SA                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    466620 | NS      | $1104112.98   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro Norte SAB de CV       | Grupo Aeroportuario del Centro Norte SAB de CV               | CUSIP: 000000000<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     44747 | NS      | $551458.57    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTA Sports Products Ltd                             | ANTA Sports Products Ltd                                     | CUSIP: 000000000<br>LEI: 529900291XG0CTK4LF95 | Long             | EC               | CORP              | KY        |    219550 | NS      | $2288583.18   | 1.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Power Grid Corp of India Ltd                         | Power Grid Corp of India Ltd                                 | CUSIP: 000000000<br>LEI: 3358009SHWZ3DZEQ4Z56 | Long             | EC               | CORP              | IN        |    849476 | NS      | $2757384.96   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Capitaland India Trust                               | Capitaland India Trust                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   2750800 | NS      | $2557212.66   | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KEPCO Plant Service & Engineering Co Ltd             | KEPCO Plant Service & Engineering Co Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |     17340 | NS      | $617047.20    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Sands China Ltd                                      | Sands China Ltd                                              | CUSIP: 000000000<br>LEI: 549300EVO6UZDGY05787 | Long             | EC               | CORP              | KY        |   1024890 | NS      | $2669537.37   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SITC International Holdings Co Ltd                   | SITC International Holdings Co Ltd                           | CUSIP: 000000000<br>LEI: 529900JUV4MOM9CE3V12 | Long             | EC               | CORP              | KY        |    322000 | NS      | $1185970.11   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Zhongsheng Group Holdings Ltd                        | Zhongsheng Group Holdings Ltd                                | CUSIP: 000000000<br>LEI: 3003005VYMEBAJNJ2Y26 | Long             | EC               | CORP              | KY        |    374000 | NS      | $591041.82    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Vodacom Group Ltd                                    | Vodacom Group Ltd                                            | CUSIP: 000000000<br>LEI: 37890012A8DC24B8D663 | Long             | EC               | CORP              | ZA        |    159195 | NS      | $1285864.04   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahanagar Gas Ltd                                    | Mahanagar Gas Ltd                                            | CUSIP: 000000000<br>LEI: 3358001GYZI2KS7FHN90 | Long             | EC               | CORP              | IN        |     95726 | NS      | $1373595.38   | 0.65%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Tube Investments of India Ltd                        | Tube Investments of India Ltd                                | CUSIP: 000000000<br>LEI: 335800Z8CKZ11SGVKE64 | Long             | EC               | CORP              | IN        |     22971 | NS      | $781991.49    | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                      | Telkom Indonesia Persero Tbk PT                              | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |  15224300 | NS      | $2938665.24   | 1.39%             |  |  |  | No            |                  2 | On Loan: No      |
| Centre Testing International Group Co Ltd            | Centre Testing International Group Co Ltd                    | CUSIP: 000000000<br>LEI: 8368009FQ1ZOBVGD5Y61 | Long             | EC               | CORP              | CN        |    540400 | NS      | $1083322.18   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Hangzhou Robam Appliances Co Ltd                     | Hangzhou Robam Appliances Co Ltd                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    271403 | NS      | $745906.13    | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Wuliangye Yibin Co Ltd                               | Wuliangye Yibin Co Ltd                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |    154100 | NS      | $2577720.78   | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| NAURA Technology Group Co Ltd                        | NAURA Technology Group Co Ltd                                | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |     18000 | NS      | $1030013.78   | 0.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Crompton Greaves Consumer Electricals Ltd            | Crompton Greaves Consumer Electricals Ltd                    | CUSIP: 000000000<br>LEI: 335800DIIEEWMH3UDH51 | Long             | EC               | CORP              | IN        |    173546 | NS      | $552966.03    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lion Finance Group PLC                               | Lion Finance Group PLC                                       | CUSIP: 000000000<br>LEI: 213800XKDG12NQG8VC53 | Long             | EC               | CORP              | GB        |     15400 | NS      | $1619489.52   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Container Corp Of India Ltd                          | Container Corp Of India Ltd                                  | CUSIP: 000000000<br>LEI: 335800T2XH4HLGGQSJ32 | Long             | EC               | CORP              | IN        |     65547 | NS      | $403857.46    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Map Aktif Adiperkasa PT                              | Map Aktif Adiperkasa PT                                      | CUSIP: 000000000<br>LEI: 254900N3WK9AC24SVF17 | Long             | EC               | CORP              | ID        |  23589100 | NS      | $992926.64    | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| B3 SA - Brasil Bolsa Balcao                          | B3 SA - Brasil Bolsa Balcao                                  | CUSIP: 000000000<br>LEI: 4GTK5S46E6H318LMDS44 | Long             | EC               | CORP              | BR        |    438354 | NS      | $1031526.62   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| NAC Kazatomprom JSC                                  | NAC Kazatomprom JSC                                          | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |     31481 | NS      | $1841638.50   | 0.87%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Fu Shou Yuan International Group Ltd                 | Fu Shou Yuan International Group Ltd                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |   1472000 | NS      | $556933.55    | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Telecommunications Infrastructure Fund       | Digital Telecommunications Infrastructure Fund               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TH        |   2401000 | NS      | $690561.31    | 0.33%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Mindray Bio-Medical Electronics Co Ltd      | Shenzhen Mindray Bio-Medical Electronics Co Ltd              | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |     39900 | NS      | $1206187.76   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd               | Contemporary Amperex Technology Co Ltd                       | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |     43800 | NS      | $2393809.71   | 1.13%             |  |  |  | No            |                  2 | On Loan: No      |
| Budweiser Brewing Co APAC Ltd                        | Budweiser Brewing Co APAC Ltd                                | CUSIP: 000000000<br>LEI: 549300YF1MR4GTF18132 | Long             | EC               | CORP              | KY        |   2062704 | NS      | $2091757.66   | 0.99%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Air Astana JSC                                       | Air Astana JSC                                               | CUSIP: 009063207<br>LEI: 2549000TO500ZGSE7T26 | Long             | EC               | CORP              | KZ        |     60209 | NS      | $400991.94    | 0.19%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Shanghai Huace Navigation Technology Ltd             | Shanghai Huace Navigation Technology Ltd                     | CUSIP: 000000000<br>LEI: 836800GUQS7ZODYNC204 | Long             | EC               | CORP              | CN        |    115100 | NS      | $519077.80    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Saudi National Bank/The                              | Saudi National Bank/The                                      | CUSIP: 000000000<br>LEI: 5586006ZEFQ542K7CY16 | Long             | EC               | CORP              | SA        |    263820 | NS      | $2805413.33   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Classys Inc                                          | Classys Inc                                                  | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |      3269 | NS      | $113115.77    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Credicorp Ltd                                        | Credicorp Ltd                                                | CUSIP: 000000000<br>LEI: 529900UYAEYQCQ2BKB17 | Long             | EC               | CORP              | BM        |      7189 | NS      | $1876329.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                              | Mahindra & Mahindra Ltd                                      | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |     11100 | NS      | $440670.00    | 0.21%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-28

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer