# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001410368-25-042502
**Filing Date:** 2025-12
**Character Count:** 17155
**Document Hash:** 2b90b22e27bdabcdfe075975dd61cf4f
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-042502.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0001410368-25-042502

**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:** 251601079

**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 EM SMA Completion Fund (Series ID: S000076281)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000235898 | Institutional Class | ASEMX           |

## 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 EM SMA Completion Fund

- **b. EDGAR series identifier (if any):** S000076281

- **c. LEI of Series:** 213800VR6S86MYZZZ136

**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:** $551729.20

**Total Liabilities:** $24418.41

**Net Assets:** $527310.79

**Cash Not Reported:** $148.80

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235898 | 5.87%                | 9.85%                | 7.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2862.34                 | $20767.86                                  |
| Month 2  | $11768.69                | $30974.25                                  |
| Month 3  | $-1610.09                | $35936.02                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Grupo Financiero Banorte SAB de CV                  | Grupo Financiero Banorte SAB de CV                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |      1162 | NS      | $10908.55     | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Itausa SA                                           | Itausa SA                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EP               | CORP              | BR        |      6752 | NS      | $14621.10     | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Mexico SAB de CV                              | Grupo Mexico SAB de CV                                       | CUSIP: 000000000<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |      5053 | NS      | $43601.28     | 8.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Abu Dhabi Islamic Bank PJSC                         | Abu Dhabi Islamic Bank PJSC                                  | CUSIP: 000000000<br>LEI: 5493006DOLY8O98XHD74 | Long             | EC               | CORP              | AE        |      2709 | NS      | $15566.26     | 2.95%             |  |  |  | No            |                  2 | On Loan: No      |
| Accton Technology Corp                              | Accton Technology Corp                                       | CUSIP: 000000000<br>LEI: 529900M1YRZ0GWMDF920 | Long             | EC               | CORP              | TW        |       278 | NS      | $9667.92      | 1.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Chroma ATE Inc                                      | Chroma ATE Inc                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |       472 | NS      | $12496.99     | 2.37%             |  |  |  | No            |                  2 | On Loan: No      |
| NAC Kazatomprom JSC                                 | NAC Kazatomprom JSC                                          | CUSIP: 63253R201<br>LEI: 5493008JG5TXJP2JSY44 | Long             | EC               | CORP              | KZ        |       103 | NS      | $6025.50      | 1.14%             |  |  |  | Yes           |                  1 | On Loan: No      |
| MediaTek Inc                                        | MediaTek Inc                                                 | CUSIP: 000000000<br>LEI: 254900UEGBK1I4DM4E14 | Long             | EC               | CORP              | TW        |       268 | NS      | $11365.73     | 2.16%             |  |  |  | No            |                  2 | 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        |        51 | NS      | $16951.41     | 3.21%             |  |  |  | No            |                  2 | On Loan: No      |
| SK hynix Inc                                        | SK hynix Inc                                                 | CUSIP: 000000000<br>LEI: 988400XAIK6XISWQV045 | Long             | EC               | CORP              | KR        |       106 | NS      | $41243.90     | 7.82%             |  |  |  | No            |                  2 | On Loan: No      |
| Samsung Electronics Co Ltd                          | Samsung Electronics Co Ltd                                   | CUSIP: 000000000<br>LEI: 9884007ER46L6N7EI764 | Long             | EP               | CORP              | KR        |       979 | NS      | $57775.64     | 10.96%            |  |  |  | No            |                  2 | 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        |      9299 | NS      | $9298.75      | 1.76%             |  |  |  | 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        |      6751 | NS      | $6751.32      | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| UltraTech Cement Ltd                                | UltraTech Cement Ltd                                         | CUSIP: 90403E202<br>LEI: 335800PC9O9B4BQHG814 | Long             | EC               | CORP              | IN        |       128 | NS      | $17226.48     | 3.27%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Samsung C&T Corp                                    | Samsung C&T Corp                                             | CUSIP: 000000000<br>LEI: 988400GFRE4IDFPE9E64 | Long             | EC               | CORP              | KR        |        56 | NS      | $8862.07      | 1.68%             |  |  |  | No            |                  2 | On Loan: No      |
| HD Hyundai Electric Co Ltd                          | HD Hyundai Electric Co Ltd                                   | CUSIP: 000000000<br>LEI: 988400CSDKM9UHLHGB91 | Long             | EC               | CORP              | KR        |        19 | NS      | $11543.38     | 2.19%             |  |  |  | No            |                  2 | On Loan: No      |
| ASE Technology Holding Co Ltd                       | ASE Technology Holding Co Ltd                                | CUSIP: 000000000<br>LEI: 300300GO8QHPMV87NZ73 | Long             | EC               | CORP              | TW        |      1400 | NS      | $11201.07     | 2.12%             |  |  |  | No            |                  2 | On Loan: No      |
| National Bank of Greece SA                          | National Bank of Greece SA                                   | CUSIP: 000000000<br>LEI: 5UMCZOEYKCVFAW8ZLO05 | Long             | EC               | CORP              | GR        |       829 | NS      | $12185.07     | 2.31%             |  |  |  | No            |                  2 | On Loan: No      |
| Giant Biogene Holding Co ltd                        | Giant Biogene Holding Co ltd                                 | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      1410 | NS      | $6757.12      | 1.28%             |  |  |  | Yes           |                  2 | On Loan: No      |
| Midea Group Co Ltd                                  | Midea Group Co Ltd                                           | CUSIP: 000000000<br>LEI: 3003003TRPHLHZD2IF61 | Long             | EC               | CORP              | CN        |      1100 | NS      | $11890.21     | 2.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Techtronic Industries Co Ltd                        | Techtronic Industries Co Ltd                                 | CUSIP: 000000000<br>LEI: 549300HZW2SBE758OK89 | Long             | EC               | CORP              | HK        |       885 | NS      | $10322.65     | 1.96%             |  |  |  | No            |                  2 | On Loan: No      |
| Aldar Properties PJSC                               | Aldar Properties PJSC                                        | CUSIP: 000000000<br>LEI: 98450048CD8AEF13B480 | Long             | EC               | CORP              | AE        |      4883 | NS      | $11963.92     | 2.27%             |  |  |  | No            |                  2 | On Loan: No      |
| Al Rajhi Bank                                       | Al Rajhi Bank                                                | CUSIP: 000000000<br>LEI: 558600BQZS4Y1DTU8589 | Long             | EC               | CORP              | SA        |       782 | NS      | $22102.54     | 4.19%             |  |  |  | No            |                  2 | On Loan: No      |
| Multiplan Empreendimentos Imobiliarios SA           | Multiplan Empreendimentos Imobiliarios SA                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      1014 | NS      | $5181.25      | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Raia Drogasil SA                                    | Raia Drogasil SA                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |      2258 | NS      | $8394.13      | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Telkom Indonesia Persero Tbk PT                     | Telkom Indonesia Persero Tbk PT                              | CUSIP: 000000000<br>LEI: 529900M5SQZAOKV1PC81 | Long             | EC               | CORP              | ID        |     82900 | NS      | $16035.73     | 3.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NAURA Technology Group Co Ltd                       | NAURA Technology Group Co Ltd                                | CUSIP: 000000000<br>LEI: 300300JI5I0B95GO5C39 | Long             | EC               | CORP              | CN        |       200 | NS      | $11442.90     | 2.17%             |  |  |  | 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        |       145 | NS      | $4383.81      | 0.83%             |  |  |  | No            |                  2 | On Loan: No      |
| Contemporary Amperex Technology Co Ltd              | Contemporary Amperex Technology Co Ltd                       | CUSIP: 000000000<br>LEI: 300300KINDY1K0E9I032 | Long             | EC               | CORP              | CN        |       485 | NS      | $26517.40     | 5.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Shenzhen Envicool Technology Co Ltd                 | Shenzhen Envicool Technology Co Ltd                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |       530 | NS      | $5222.27      | 0.99%             |  |  |  | No            |                  2 | On Loan: No      |
| InPost SA                                           | InPost SA                                                    | CUSIP: 000000000<br>LEI: 2221003M23QLERR89585 | Long             | EC               | CORP              | LU        |       440 | NS      | $5542.44      | 1.05%             |  |  |  | No            |                  2 | On Loan: No      |
| NARI Technology Co Ltd                              | NARI Technology Co Ltd                                       | CUSIP: 000000000<br>LEI: 3003006IGH1W58MAQM05 | Long             | EC               | CORP              | CN        |      3780 | NS      | $12879.74     | 2.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Zabka Group SA                                      | Zabka Group SA                                               | CUSIP: 000000000<br>LEI: 549300TU2RZ35E4ET914 | Long             | EC               | CORP              | LU        |      1176 | NS      | $6832.28      | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| PRIO SA/Brazil                                      | PRIO SA/Brazil                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |       584 | NS      | $3911.10      | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| ITC Ltd                                             | ITC Ltd                                                      | CUSIP: 000000000<br>LEI: 335800WLOU3OFWFTMP43 | Long             | EC               | CORP              | IN        |      2214 | NS      | $10473.77     | 1.99%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Larsen & Toubro Ltd                                 | Larsen & Toubro Ltd                                          | CUSIP: 000000000<br>LEI: 3358003FR3JIC5FRXA90 | Long             | EC               | CORP              | IN        |       414 | NS      | $18650.70     | 3.54%             |  |  |  | Yes           |                  1 | On Loan: No      |
| Mahindra & Mahindra Ltd                             | Mahindra & Mahindra Ltd                                      | CUSIP: 000000000<br>LEI: 3358003B573EV4KB4Z02 | Long             | EC               | CORP              | IN        |       634 | NS      | $25169.80     | 4.77%             |  |  |  | Yes           |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer