# EDGAR Filing Document

**Accession Number:** 0001413594
**File Stem:** 0001410368-26-067186
**Filing Date:** 2026-6
**Character Count:** 29394
**Document Hash:** bf9f178ba0db069193b1b1a91cea55db
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-067186.hdr.sgml**: 20260626

**ACCESSION NUMBER**: 0001410368-26-067186

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260430

**FILED AS OF DATE**: 20260626

**DATE AS OF CHANGE**: 20260626

**PERIOD START**: 20261031

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22132
- **FILM NUMBER:** 261126347

**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 Infrastructure Debt Fund (Series ID: S000025401)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000075913 | Institutional Class         | AGCIX           |
| C000076084 | Class A                     | CUGAX           |
| C000076087 | Institutional Service Class | CGFIX           |

## 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 Infrastructure Debt Fund

- **b. EDGAR series identifier (if any):** S000025401

- **c. LEI of Series:** 5493008EPHWY9UQ8EC68

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

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

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $20599514.56

**Total Liabilities:** $66456.51

**Net Assets:** $20533058.05

**Cash Not Reported:** $94.48

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -27.50000000 | **1-Year:** -281.77000000 | **5-Year:** -1303.29000000 | **10-Year:** -4178.82000000 | **30-Year:** -2880.46000000

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

- **3-Month:** -71.24000000 | **1-Year:** -612.43000000 | **5-Year:** -1084.70000000 | **10-Year:** -429.24000000 | **30-Year:** -62.20000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000075913 | 1.34%                | -1.52%               | 0.78%                |
| Class ID C000076084 | 1.29%                | -1.55%               | 0.68%                |
| Class ID C000076087 | 1.36%                | -1.55%               | 0.79%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3775.85                | $166129.04                                 |
| Month 2  | $19755.14                | $-494903.10                                |
| Month 3  | $-4864.88                | $82915.98                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| NEW YORK ST HSG FIN AGY REVENUE                              | New York State Housing Finance Agency                                          | CUSIP: 64986UB22<br>LEI: 5493000LS7KCDB02O506 | Long             | DBT              | MUN               | US        |    295000 | PA      | $295000.00    | 1.44%             | 2046-11-01      | Floating      | 3.64%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL SEAPORT REVENUE                           | County of Miami-Dade Seaport Department                                        | CUSIP: 59335KFS1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205101.70    | 1.00%             | 2055-11-01      | Fixed         | 6.22%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC                                       | Venture Global LNG Inc                                                         | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |    487000 | PA      | $522480.39    | 2.54%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA STWD CMNTYS DEV AUTH REVENUE                      | California Statewide Communities Development Authority                         | CUSIP: 13080SL93<br>LEI: 549300KTNI2GCJNX2U48 | Long             | DBT              | MUN               | US        |    725000 | PA      | $757303.61    | 3.69%             | 2047-08-15      | Fixed         | 7.14%                 | No            |                  2 | On Loan: No      |
| LIFEPOINT HEALTH INC                                         | LifePoint Health Inc                                                           | CUSIP: 53219LBA6<br>LEI: 549300G8ZVHRTBBBSZ90 | Long             | DBT              | CORP              | US        |     97000 | PA      | $94581.50     | 0.46%             | 2034-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| VISTRA CORP                                                  | Vistra Corp                                                                    | CUSIP: 92840MAC6<br>LEI: 549300KP43CPCUJOOG15 | Long             | DBT              | CORP              | US        |    635000 | PA      | $636854.84    | 3.10%             | 2026-12-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                                       | CCO Holdings LLC / CCO Holdings Capital Corp                                   | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    573000 | PA      | $480606.90    | 2.34%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                  | PURCHASED GBP / SOLD USD                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | GB        |         1 | NC      | $39.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| ENERSYS                                                      | EnerSys                                                                        | CUSIP: 29275YAF9<br>LEI: 7ZS3DE5PN30BYUJFWP05 | Long             | DBT              | CORP              | US        |    439000 | PA      | $451767.44    | 2.20%             | 2032-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE                                       | Delek Logistics Partners LP / Delek Logistics Finance Corp                     | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    343000 | PA      | $357870.42    | 1.74%             | 2029-03-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                                     | Ameritex Holdco Intermediate LLC                                               | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     47000 | PA      | $48855.98     | 0.24%             | 2033-08-15      | Fixed         | 7.63%                 | No            |                  2 | On Loan: No      |
| INVEST ENERGY RES LTD                                        | Investment Energy Resources Ltd                                                | CUSIP: 46143NAB6<br>LEI: 254900A71Y7WHN7L5K89 | Long             | DBT              | CORP              | BM        |    251000 | PA      | $250756.68    | 1.22%             | 2029-04-26      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| NEW YORK TRANSPRTN DEV CORP REVENUE                          | New York Transportation Development Corp                                       | CUSIP: 65012EAA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    800000 | PA      | $797881.52    | 3.89%             | 2051-06-30      | Fixed         | 6.97%                 | No            |                  2 | On Loan: No      |
| CORNERSTONE BUILDING                                         | Cornerstone Building Brands Inc                                                | CUSIP: 21925DAB5<br>LEI: 549300IW41QEWQ6T0H29 | Long             | DBT              | CORP              | US        |    235000 | PA      | $149451.26    | 0.73%             | 2029-08-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LBJ INFRASTRUCTURE GROUP                                     | LBJ Infrastructure Group LLC                                                   | CUSIP: 50203UAA1<br>LEI: 254900DEJSU2OQFZWQ97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $701484.27    | 3.42%             | 2057-12-31      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                            | PURCHASED USD / SOLD GBP                                                       | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |         1 | NC      | $-33.11       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| STETSON UNIVERSITY INC                                       | Stetson University Inc                                                         | CUSIP: 85984XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $629069.87    | 3.06%             | 2059-12-01      | Fixed         | 4.09%                 | No            |                  2 | On Loan: No      |
| CHART INDUSTRIES INC                                         | Chart Industries Inc                                                           | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |    407000 | PA      | $427808.28    | 2.08%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | California Infrastructure & Economic Development Bank                          | CUSIP: 13034A7E4<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    120000 | PA      | $69600.00     | 0.34%             | 2065-01-01      | Floating      | 12.00%                | No            |                  2 | On Loan: No      |
| GABON BLUE BOND MASTER                                       | Gabon Blue Bond Master Trust Series 2                                          | CUSIP: 362419AA1<br>LEI: N/A                  | Long             | DBT              | USGA              | US        |   1000000 | PA      | $992590.30    | 4.83%             | 2038-08-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FOND DU LAC CNTY WI REVENUE                                  | County of Fond Du Lac WI                                                       | CUSIP: 34446ABM9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $669945.25    | 3.26%             | 2042-11-01      | Fixed         | 6.18%                 | No            |                  2 | On Loan: No      |
| Citibank NA                                                  | PURCHASED USD / SOLD GBP                                                       | CUSIP: 000000000<br>LEI: E57ODZWZ7FF32TWEFA76 | N/A              | DFE              |  | US        |         1 | NC      | $-157.19      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Desertxpress Enterprises LLC                                 | Desertxpress Enterprises LLC                                                   | CUSIP: 05594N118<br>LEI: 254900UTS074X7B9VE11 | N/A              | DE               |  | US        |      3362 | NS      | $5043.00      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| CABLE ONE INC                                                | Cable One Inc                                                                  | CUSIP: 12685JAC9<br>LEI: 549300648QS85T0XSH18 | Long             | DBT              | CORP              | US        |    113000 | PA      | $78794.76     | 0.38%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TRUENOORD CAPITAL DAC                                        | TrueNoord Capital DAC                                                          | CUSIP: 89785GAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    153000 | PA      | $156000.12    | 0.76%             | 2030-03-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                       | PURCHASED USD / SOLD EUR                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-3888.13     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| KODIAK GAS SERVICES LLC                                      | Kodiak Gas Services LLC                                                        | CUSIP: 50012LAE4<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |     99000 | PA      | $102834.80    | 0.50%             | 2035-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST MUNI ELEC AGY PWR SPLY                           | Illinois Municipal Electric Agency                                             | CUSIP: 452024HH8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    230000 | PA      | $245998.20    | 1.20%             | 2035-02-01      | Fixed         | 7.29%                 | No            |                  2 | On Loan: No      |
| AZORRA FINANCE                                               | Azorra Finance Ltd                                                             | CUSIP: 05480AAA3<br>LEI: 254900MC1HXDAVUUP395 | Long             | DBT              | CORP              | KY        |    227000 | PA      | $235157.25    | 1.15%             | 2030-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors                                 | State Street Institutional US Government Money Market Fund                     | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |     53314 | NS      | $53313.66     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| SIX FLAGS/CANADA WON                                         | Six Flags Entertainment Corp / Canada's Wonderland Co / Magnum Management Corp | CUSIP: 150190AE6<br>LEI: 549300TUVLNQQ6BVKH61 | Long             | DBT              | CORP              | US        |     84000 | PA      | $80811.71     | 0.39%             | 2029-07-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS                                     | Univision Communications Inc                                                   | CUSIP: 914906AX0<br>LEI: 549300YQDE2JSGTL8V47 | Long             | DBT              | CORP              | US        |    377000 | PA      | $376641.28    | 1.83%             | 2030-06-30      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| IRON MOUNTAIN INC                                            | Iron Mountain Inc                                                              | CUSIP: 000000000<br>LEI: SQL3F6CKNNBM3SQGHX24 | Long             | DBT              |  | US        |    135000 | PA      | $153335.93    | 0.75%             | 2034-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| FIRST QUANTUM MINERALS L                                     | First Quantum Minerals Ltd                                                     | CUSIP: 335934AX3<br>LEI: 549300I7UVBGWRYMYZ18 | Long             | DBT              | CORP              | CA        |    200000 | PA      | $205623.20    | 1.00%             | 2034-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LOW INCOME INVESTMENT                                        | Low Income Investment Fund                                                     | CUSIP: 54750AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    800000 | PA      | $797443.95    | 3.88%             | 2026-07-01      | Fixed         | 3.39%                 | No            |                  2 | On Loan: No      |
| DCLI BIDCO LLC                                               | Dcli Bidco LLC                                                                 | CUSIP: 233104AA6<br>LEI: 2549007UUVJTHHNK9T70 | Long             | DBT              | CORP              | US        |     22000 | PA      | $22600.80     | 0.11%             | 2029-11-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| DUTCHESS CNTY NY LOCAL DEV CORP REVENUE                      | Dutchess County Local Development Corp                                         | CUSIP: 267045NL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    915000 | PA      | $909842.15    | 4.43%             | 2039-07-01      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| HOWARD MIDSTREAM ENERGY                                      | Howard Midstream Energy Partners LLC                                           | CUSIP: 442722AD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    128000 | PA      | $130213.63    | 0.63%             | 2034-01-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| COGENT COMMS GRP / FIN                                       | Cogent Communications Group LLC / Cogent Finance Inc                           | CUSIP: 19240WAA7<br>LEI: 549300KFWFYF8Q1U0Y26 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178899.84    | 0.87%             | 2027-06-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SAN FRANCISCO CITY & CNTY CA CMNTY FACS DIST #2014-1 SPL TAX | City & County of San Francisco CA Community Facilities District No 2014-1      | CUSIP: 79772EEU9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    390000 | PA      | $398243.00    | 1.94%             | 2051-09-01      | Fixed         | 6.33%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                       | PURCHASED USD / SOLD GBP                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-6034.85     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| NATIONAL FIN AUTH NH FEDERAL LEASE REVENUE                   | New Hampshire Business Finance Authority                                       | CUSIP: 63607VAH9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $362572.88    | 1.77%             | 2028-04-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| VZ VENDOR FINANCING                                          | VZ Vendor Financing II BV                                                      | CUSIP: 000000000<br>LEI: 724500DRKUUR3GFOSK76 | Long             | DBT              | CORP              | NL        |    515000 | PA      | $565555.18    | 2.75%             | 2029-01-15      | Fixed         | 2.88%                 | Yes           |                  2 | On Loan: No      |
| VMED O2 UK FINAN                                             | Vmed O2 UK Financing I PLC                                                     | CUSIP: 000000000<br>LEI: 213800MRR46ECNGZ7L69 | Long             | DBT              | CORP              | GB        |    401000 | PA      | $469409.11    | 2.29%             | 2031-07-15      | Fixed         | 4.50%                 | Yes           |                  2 | On Loan: No      |
| TOLEDO HOSPITAL/THE                                          | Toledo Hospital/The                                                            | CUSIP: 889184AE7<br>LEI: 5493009DCR7NWV6K4T34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $937429.93    | 4.57%             | 2048-11-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| HILCORP ENERGY I/HILCORP                                     | Hilcorp Energy I LP / Hilcorp Finance Co                                       | CUSIP: 431318BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101000 | PA      | $107999.50    | 0.53%             | 2033-11-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| MIDCONTINENT COMMUNICATI                                     | Midcontinent Communications                                                    | CUSIP: 59565XAD2<br>LEI: 549300ZI9GDQBS28C408 | Long             | DBT              | CORP              | US        |    138000 | PA      | $129875.71    | 0.63%             | 2032-08-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GEORGIAN RAILWAY JSC                                         | Georgian Railway JSC                                                           | CUSIP: 000000000<br>LEI: 2138005UZV4ZT2B2ZO19 | Long             | DBT              | CORP              | GE        |    336000 | PA      | $323684.14    | 1.58%             | 2028-06-17      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| JPMorgan Chase Bank NA                                       | PURCHASED USD / SOLD EUR                                                       | CUSIP: 000000000<br>LEI: 7H6GLXDRUGQFU57RNE97 | N/A              | DFE              |  | US        |         1 | NC      | $-68.67       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| SIX FLAGS/CAN WON/MILLEN                                     | Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC  | CUSIP: 83003AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     25000 | PA      | $25416.28     | 0.12%             | 2032-01-15      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST INFRASTRUCTURE & ECON DEV BANK REVENUE         | California Infrastructure & Economic Development Bank                          | CUSIP: 13034AE55<br>LEI: 549300C1OG9RDIM8ET06 | Long             | DBT              | MUN               | US        |    900000 | PA      | $677069.28    | 3.30%             | 2049-10-01      | Fixed         | 4.41%                 | No            |                  2 | On Loan: No      |
| MARYLAND ST ECON DEV CORP                                    | Maryland Economic Development Corp                                             | CUSIP: 574205HW3<br>LEI: 549300JJ16DDBSZWSN94 | Long             | DBT              | MUN               | US        |    470000 | PA      | $467357.80    | 2.28%             | 2057-05-31      | Fixed         | 5.94%                 | No            |                  2 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY REVENUE                         | Massachusetts Development Finance Agency                                       | CUSIP: 57585BTH1<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102906.26    | 0.50%             | 2035-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| ARDAGH METAL PACKAGING                                       | Ardagh Metal Packaging Finance USA LLC / Ardagh Metal Packaging Finance PLC    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    358000 | PA      | $394445.53    | 1.92%             | 2029-09-01      | Fixed         | 3.00%                 | Yes           |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI TOLL REVENUE                              | Public Finance Authority                                                       | CUSIP: 74448UAD0<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1022172.50   | 4.98%             | 2065-12-31      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PORT BEAUMONT TX NAV DIST DOCK& WHARF FAC REVENUE            | Port Beaumont Navigation District                                              | CUSIP: 73360CAS3<br>LEI: 549300G8PKBXALUKJY33 | Long             | DBT              | MUN               | US        |   1265000 | PA      | $1265521.56   | 6.16%             | 2026-07-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LOS ANGELES CA DEPT OF ARPTS CUSTOMER FAC CHARGE REVENUE     | City of Los Angeles Department of Airports Customer Facility Charge Revenue    | CUSIP: 54445CAK9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $254991.96    | 1.24%             | 2048-05-15      | Fixed         | 4.24%                 | No            |                  2 | On Loan: No      |
| FOND DU LAC CNTY WI REVENUE                                  | County of Fond Du Lac WI                                                       | CUSIP: 34446ACA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $402410.12    | 1.96%             | 2054-05-01      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** abrdn Funds

**Signature:** Michael Marsico

**Name of Signer:** Michael Marsico

**Title:** Treasurer