(a) A copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (the “1940 Act”) is filed herewith.

Dear Shareholder,

We present this Semi-Annual Report which covers the activities of Aberdeen Global Premier Properties Fund (the "Fund") for the six-month period ended April 30, 2022. The Fund's investment objective is to seek high current income and capital appreciation.

Total Investment Return¹

For the six-month period ended April 30, 2022, the total return to shareholders of the Fund based on the net asset value ("NAV") and market price of the Fund are as follows:

NAV^2,3		-7.0%
Market Price²		-8.9%
FTSE EPRA/NAREIT Global Real Estate Index (Net Dividends)⁴		-5.4%

For more information about Fund performance, please visit the Fund on the web at www.aberdeenawp.com. Here, you can view quarterly commentary on the Fund's performance, monthly fact sheets, distribution and performance information, and other Fund literature.

NAV, Market Price and Premium/Discount

The below table represents comparison from current six-month period end to prior fiscal year end of market price to NAV and associated premium(+)/discount(-).

	NAV	Closing Market Price	Premium(+)/ Discount(-)
4/30/2022	$6.12	$5.75	-6.0%
10/31/2021	$6.84	$6.56	-4.1%

During the six-month period ended April 30, 2022, the Fund's NAV was within a range of $6.12 to $7.10 and the Fund's market price traded within a range of $5.75 to $6.84. During the six-month period ended April 30, 2022, the Fund's shares traded within a range of a premium(+)/discount(-) of -0.8% to -8.7%.

Loan Facility and Use of Leverage

The Fund is permitted to borrow for investment purposes as may be permitted by the 1940 Act or any rule, order or interpretation thereunder. This allows the Fund to borrow for investment purposes in the amount up to 33 1/3% of the Fund's total assets. The Fund has

entered into a lending agreement with BNP Paribas Prime Brokerage International Ltd. ("BNPP PB") which allows the Fund to borrow on an uncommitted and secured basis up to $175 million. The Fund's outstanding balance as of April 30, 2022 was $125,307,482. See Notes to Financial Statements Note 6 for further information.

Distribution Policy

Distributions to common shareholders for the six months ended April 30, 2022 totaled $0.24 per share. Based on the market price of $5.75 on April 30, 2022, the annualized distribution rate for the period ended April 30, 2022 was 8.4%. Based on the NAV of $6.12 on April 30, 2022, the annualized distribution rate for the period ended April 30, 2022 was 6.5%. Since all distributions are paid after deducting applicable withholding taxes, the effective distribution rate may be higher for those U.S. investors who are able to claim a tax credit.

On May 10, 2022 and June 9, 2022, the Fund announced that it will pay on May 31, 2022 and June 30, 2022, respectively, a distribution of U.S. $0.04 per share to all shareholders of record as of May 20, 2022 and June 22, 2022, respectively.

The Fund's policy is to provide investors with a stable monthly distribution out of current income, supplemented by realized capital gains and, to the extent necessary, paid-in capital, which is a non-taxable return of capital. This policy is subject to an annual review as well as regular review at the Board of Trustees of the Fund's (the "Board") quarterly meetings, unless market conditions require an earlier evaluation.

Portfolio Holdings Disclosure

The Fund's complete schedule of portfolio holdings for the second and fourth quarters of each fiscal year are included in the Fund's semi-annual and annual reports to shareholders. The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (the "SEC") for the first and third quarters of each fiscal year as an exhibit to its reports on Form N-PORT. These reports are available on the SEC's website at sec.gov. The Fund makes the information available to shareholders upon request and without charge by calling Investor Relations toll-free at 1-800-522-5465.

Open Market Repurchase Program

On June 13, 2018, the Board approved a share repurchase program ("Program") for the Fund. The Program allows the Fund to purchase, in the open market, its outstanding common shares, with the amount and timing of any repurchase determined at the discretion of the Fund's investment adviser and subject to market conditions and investment considerations. During the six-month period ended April 30, 2022 and fiscal year ended October 31, 2021, the Fund did not repurchase any shares through the Program.

Proxy Voting

A description of the policies and procedures that the Fund uses to determine how to vote proxies relating to portfolio securities, and information regarding how the Fund voted proxies relating to portfolio securities during the most recent 12 month period ended June 30 is available by August 31 of the relevant year: (1) upon request without charge by calling Investor Relations toll-free at 1-800-522-5465; and (2) on the SEC's website at sec.gov.

COVID-19

The COVID-19, pandemic has caused major disruption to economies and markets around the world, including the United States. Financial markets have experienced losses, and some sectors of the economy and individual issuers have experienced particularly large losses. Although many financial markets have generally recovered from such losses, market volatility has continued. These circumstances may continue for an extended period of time, and as a result may affect adversely the value and liquidity of the Fund's investments. The rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of COVID-19 on economic and market conditions, and, as a result, present uncertainty and risk with respect to the Fund and the performance of its investments and ability to pay distributions. The full extent of the impact and effects of COVID-19 will depend on future developments, including, among other factors, the duration and spread of the outbreak, along with related travel advisories, quarantines and restrictions, the recovery time of the disrupted supply chains and industries, the impact of labor market interruptions, the impact of government interventions, and uncertainty with respect to the duration of the global economic slowdown.

LIBOR

The Fund may invest in certain derivatives or other financial instruments that utilize LIBOR as a "benchmark" or "reference rate" for various interest rate calculations. In July 2017, the United Kingdom Financial Conduct Authority ("FCA"), which regulates LIBOR, announced a desire to phase out the use of LIBOR by the end of 2021. However, subsequent announcements by the FCA, the LIBOR

administrator and other regulators indicate that it is possible that the most widely used LIBOR rates may continue until mid-2023. It is anticipated that LIBOR ultimately will be discontinued or the regulator will announce that it is no longer sufficiently robust to be representative of its underlying market around that time. Although financial regulators and industry working groups have suggested alternative reference rates, such as European Interbank Offered Rate ("EURIBOR"), Sterling Overnight Interbank Average Rate ("SONIA") and Secured Overnight Financing Rate ("SOFR"), global consensus on alternative rates is lacking and the process for amending existing contracts or instruments to transition away from LIBOR remains unclear. The elimination of LIBOR or changes to other reference rates or any other changes or reforms to the determination or supervision of reference rates could have an adverse impact on the market for, or value of, any securities or payments linked to those reference rates, which may adversely affect the Fund's performance and/or net asset value. Uncertainty and risk also remain regarding the willingness and ability of issuers and lenders to include revised provisions in new and existing contracts or instruments. Consequently, the transition away from LIBOR to other reference rates may lead to increased volatility and illiquidity in markets that are tied to LIBOR, fluctuations in values of LIBOR-related investments or investments in issuers that utilize LIBOR, increased difficulty in borrowing or refinancing and diminished effectiveness of hedging strategies, adversely affecting the Fund's performance. Furthermore, the risks associated with the expected discontinuation of LIBOR and transition may be exacerbated if the work necessary to effect an orderly transition to an alternative reference rate is not completed in a timely manner.

Unclaimed Share Accounts

Please be advised that abandoned or unclaimed property laws for certain states require financial organizations to transfer (escheat) unclaimed property (including Fund shares) to the state. Each state has its own definition of unclaimed property, and Fund shares could be considered "unclaimed property" due to account inactivity (e.g., no owner-generated activity for a certain period), returned mail (e.g., when mail sent to a shareholder is returned to the Fund's transfer agent as undeliverable), or a combination of both. If your Fund shares are categorized as unclaimed, your financial advisor or the Fund's transfer agent will follow the applicable state's statutory requirements to contact you, but if unsuccessful, laws may require that the shares be escheated to the appropriate state. If this happens, you will have to contact the state to recover your property, which may involve time and expense. For more information on unclaimed property and how to maintain an active account, please contact your financial adviser or the Fund's transfer agent.

abrdn Rebrand

abrdn plc, formerly known as Standard Life Aberdeen plc, was renamed on September 27, 2021. In connection with this re-branding, the entities within abrdn plc group, including investment advisory entities, have been or will be renamed in the near future. The Fund's Board has approved a change in the name of the Fund from "Aberdeen Global Premier Properties Fund" to "abrdn Global Premier Properties Fund" effective on or about June 30, 2022. The internet address for the Fund's website will also change from www.aberdeenawp.com to www.abrdnawp.com, effective as of June 30, 2022. The old address will continue to redirect to the new address for at least a year.

Investor Relations Information

As part of abrdn's commitment to shareholders, we invite you to visit the Fund on the web at www.aberdeenawp.com. Here, you can view monthly fact sheets, quarterly commentary, distribution and performance information, and other Fund literature.

Enroll in abrdn's email services and be among the first to receive the latest closed-end fund news, announcements, videos and other information. In addition, you can receive electronic versions of

The following table summarizes the average annual Fund performance compared to the Fund's benchmark, the Financial Times Stock Exchange European Public Real Estate Association/National Association of Real Estate Investment Trusts (FTSE EPRA/NAREIT) Global Real Estate Index (Net Dividends) for the 6-month, 1-year, 3-year, 5-year and 10-year periods ended April 30, 2022.

This graph shows the change in value of a hypothetical investment of $10,000 in the Fund for the period indicated. For comparison, the same investment is shown in the indicated index.

The Fund changed its investment objective effective May 27, 2020. Performance information for periods prior to May 27, 2020 does not reflect the current investment strategy.

Aberdeen Asset Managers Limited ("AAML" or the "Adviser") and abrdn Inc. (the "Sub-Adviser") assumed responsibility for the management of the Fund as investment adviser and sub-adviser, respectively, on May 7, 2018. Performance prior to this date reflects the performance of an unaffiliated investment adviser.

Effective May 4, 2018, AAML entered into a written contract with the Fund to waive fees or limit expenses. This contract may not be terminated before June 30, 2022. Absent such waivers and/or reimbursements, the Fund's returns would be lower. Additionally, abrdn Inc. entered into an agreement with the Fund to limit investor relations services fees. This agreement aligns with the term of the advisory agreement and may not be terminated prior to the end of the current term of the advisory agreement. See Note 3 in the Notes to Financial Statements.

Returns represent past performance. Total investment return at NAV is based on changes in the NAV of Fund shares and assumes reinvestment of dividends and distributions, if any, at market prices pursuant to the dividend reinvestment program. All return data at NAV includes fees charged to the Fund, which are listed in the Fund's Statement of Operations under "Expenses." Total investment return at market value is based on changes in the market price at which the Fund's shares traded on the NYSE during the period and assumes reinvestment of dividends and distributions, if any, at market prices pursuant to the dividend reinvestment program. The Fund's total investment return is based on the reported NAV or market price, as applicable, at the financial reporting period end. Because the Fund's shares trade in the stock market based on investor demand, the Fund may trade at a price higher or lower than its NAV. Therefore, returns are calculated based on both market price and NAV. Past performance is no guarantee of future results. The performance information provided does not reflect the deduction of taxes that a shareholder would pay on distributions received from the Fund. The current performance of the Fund may be lower or higher than the figures shown. The Fund's yield, return, market price and NAV will fluctuate. Performance information current to the most recent month-end is available at www.aberdeenawp.com or by calling 800-522-5465.

The annualized net operating expense ratio, excluding fee waivers based on the six-month period ended April 30, 2022 was 1.59%. The annualized net operating expense ratio, net of fee waivers based on the six-month period ended April 30, 2022 was 1.37%. The annualized net operating expenses, net of fee waivers and excluding interest expense based on the six-month period ended April 30, 2022 was 1.19%.

The following table summarizes the sector composition of the Fund's portfolio, in S&P Global Inc.'s Global Industry Classification Standard ("GICS") Sectors.

The following chart summarizes the composition of the Fund's portfolio by geographic classification:

Statement of Assets and Liabilities (unaudited)

As of April 30, 2022

Assets

Investments, at value (cost $567,446,095)	$	646,825,027
Foreign currency, at value (cost $4,787,288)		4,651,621
Interest and dividends receivable		1,086,896
Tax reclaim receivable		130,041
Prepaid expenses		55,137
Total assets		652,748,722

Liabilities
Line of credit payable (Note 6)		125,307,482
Payable for investments purchased		3,533,049
Investment management fees payable (Note 3)		451,533
Interest expense payable		137,815
Investor relations fees payable (Note 3)		51,650
Administration fees payable (Note 3)		36,899
Trustee fees		16,307
Other accrued expenses		146,959
Total liabilities		129,681,694

Net Assets	$	523,067,028

Composition of Net Assets:
Paid-in capital in excess of par	$	484,469,499
Distributable earnings		38,597,529
Net Assets	$	523,067,028
Net asset value per share based on 85,407,951 shares issued and outstanding	$	6.12

See Notes to Financial Statements.

Aberdeen Global Premier Properties Fund

Statement of Operations (unaudited)

For the Six-Month Period Ended April 30, 2022

Net Investment Income:

Income:
Dividends and other income (net of foreign withholding taxes of $458,724)	$	9,595,341
Total Investment Income		9,595,341

Expenses:
Investment management fee (Note 3)		3,399,923
Administration fee (Note 3)		225,196
Investor relations fees and expenses (Note 3)		77,456
Reports to shareholders and proxy solicitation		66,410
Custodian's fees and expenses		33,212
Trustee fees and expenses		31,420
Legal fees and expenses		27,815
Independent auditors' fees and expenses		27,505
Transfer agent's fees and expenses		8,405
Miscellaneous		91,625
Total operating expenses, excluding interest expense		3,988,967
Interest expense (Note 6)		500,869
Total operating expenses before reimbursed/waived expenses		4,489,836
Less: Expenses waived (Note 3)		(639,179	)
Net expenses		3,850,657

Net Investment Income		5,744,684

Net Realized/Unrealized Gain/(Loss) from Investments and Foreign Currency Related Transactions:

Net realized gain/(loss) from:
Investment transactions		10,258,791
Foreign currency transactions		(189,189	)
		10,069,602

Net change in unrealized appreciation/(depreciation) on:
Investment transactions		(55,929,507	)
Foreign currency translation		(202,427	)
		(56,131,934	)
Net realized and unrealized (loss) from investments and foreign currency related transactions		(46,062,332	)
Net Decrease in Net Assets Resulting from Operations	$	(40,317,648	)

See Notes to Financial Statements.

12	Aberdeen Global Premier Properties Fund

Statements of Changes in Net Assets

	For the Six-Month Period Ended April 30, 2022 (unaudited)			For the Year Ended October 31, 2021

Increase/(Decrease) in Net Assets:

Operations:
Net investment income	$	5,744,684		$	10,907,789
Net realized gain from investments, forward foreign currency exchange contracts and foreign currency transactions		10,069,602			18,416,612
Net change in unrealized appreciation/(depreciation) on investments, forward foreign currency exchange contracts and foreign currency transactions		(56,131,934	)		149,021,032
Net increase/(decrease) in net assets resulting from operations		(40,317,648	)		178,345,433

Distributions to Shareholders from:
Distributable earnings		(20,497,908	)		(13,365,429	)
Tax return of capital		–			(27,630,388	)
Net decrease in net assets from distributions		(20,497,908	)		(40,995,817	)
Change in net assets resulting from operations		(60,815,556	)		137,349,616

Net Assets:
Beginning of period		583,882,584			446,532,968
End of period	$	523,067,028		$	583,882,584

Amounts listed as "–" are $0 or round to $0.

See Notes to Financial Statements.

Aberdeen Global Premier Properties Fund

Statement of Cash Flows (unaudited)

For the Six Months Ended April 30, 2022

Cash Flows from Operating Activities

Net decrease in net assets resulting from operations	$	(40,317,648	)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash provided by operating activities:
Investments purchased		(133,932,099	)
Investments sold and principal repayments		130,873,512
Increase in interest and dividends receivable		(377,177	)
Increase in prepaid expenses		(33,686	)
Decrease in interest payable on bank loan		(120,862	)
Decrease in accrued investment management fees payable		(48,418	)
Increase in other accrued expenses		27,976
Net change in unrealized depreciation from investments		55,929,507
Net change in unrealized depreciation from foreign currency translations		202,427
Net realized gain on investment transactions		(10,258,791	)
Net cash provided by operating activities		1,944,741

Cash Flows from Financing Activities
Increase in bank loan payable		18,459,945
Distributions paid to shareholders		(20,497,908	)
Net cash used in financing activities	$	(2,037,963	)
Effect of exchange rate on cash		(132,020	)
Net change in cash		(225,242	)
Unrestricted and restricted cash and foreign currency, beginning of year		4,876,863
Unrestricted and restricted cash and foreign currency, end of year	$	4,651,621

Supplemental disclosure of cash flow information:
Cash paid for interest and fees on credit facility:	$	621,731

See Notes to Financial Statements.

14	Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited)

April 30, 2022

1. Organization

Aberdeen Global Premier Properties Fund (the "Fund") is a diversified, closed-end management investment company. The Fund was organized as a Delaware statutory trust on February 13, 2007, and commenced operations on April 26, 2007. The Fund's investment objective is to seek high current income and capital appreciation. On May 27, 2020, shareholders of the Fund approved a new investment objective to seek high current income and capital appreciation. The Board of Trustees (the "Board") authorized an unlimited number of shares with no par value.

2. Summary of Significant Accounting Policies

The Fund is an investment company and accordingly follows the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standard Codification Topic 946 Financial Services-Investment Companies.

The following is a summary of significant accounting policies followed by the Fund in the preparation of its financial statements. The policies conform to generally accepted accounting principles ("GAAP") in the United States of America. The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of income and expenses for the period. Actual results could differ from those estimates.

a. Security Valuation:

The Fund values its securities at current market value or 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.

In accordance with the authoritative guidance on fair value measurements and disclosures under 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.

Equity securities that are traded on an exchange are valued at the last quoted sale price on the principal exchange on which the security is traded at the "Valuation Time" subject to application, when appropriate, of the valuation factors described in the paragraph below. 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). In the absence of a sale price, the security is valued at the mean of the bid/ask price quoted at the close on the principal exchange on which the security is traded. Securities traded on NASDAQ are valued at the NASDAQ official closing price. Closed-end funds and exchange-traded funds ("ETFs") are valued at the market price of the security at the Valuation Time. A security using any of these pricing methodologies is determined to be a Level 1 investment.

Foreign equity securities that are traded on foreign exchanges that close prior to Valuation Time are valued by applying valuation factors to the last sale price or the mean price as noted above. Valuation factors are provided by an independent pricing service provider approved by the Board. These valuation factors are used when pricing the Fund's portfolio holdings to estimate market movements between the time foreign markets close and the time the Fund values such foreign securities. These valuation factors are based on inputs such as depositary receipts, indices, futures, sector indices/ETFs, exchange rates, and local exchange opening and closing prices of each security. When prices with the application of valuation factors are utilized, the value assigned to the foreign securities may not be the same as quoted or published prices of the securities on their primary markets. A security that applies a valuation factor is determined to be a Level 2 investment because the exchange-traded price has been adjusted. Valuation factors are not utilized if the independent pricing service provider is unable to provide a valuation factor or if the valuation factor falls below a predetermined threshold; in such case, the security is determined to be a Level 1 investment.

16 Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

Derivative instruments are valued at fair value. Exchange traded futures are generally Level 1 investments and centrally cleared swaps and forwards 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. Swap agreements are generally valued by an approved pricing agent based on the terms of the swap agreement (including future cash flows). When market quotations or exchange rates are not readily available, or if the Adviser concludes that such market quotations do not accurately reflect fair value, the fair value of the Fund's assets are determined in good faith in accordance with the Valuation Procedures.

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 net asset value ("NAV"). Generally, these investment types are categorized as Level 1 investments.

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 Fund's Pricing Committee, taking into account the relevant factors and surrounding circumstances using valuation policies and procedures approved by the Board. A security that has been fair valued by the Fund's Pricing Committee may be classified as Level 2 or Level 3 depending on the nature of the inputs.

The three-level hierarchy of inputs is summarized below:

Level 1 – quoted prices in active markets for identical investments;

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

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

A summary of standard inputs is listed below:

Security Type		Standard Inputs
Foreign equities utilizing a fair value factor		Depositary receipts, indices, futures, sector indices/ETFs, exchange rates, and local exchange opening and closing prices of each security.

The following is a summary of the inputs used as of April 30, 2022 in valuing the Fund's investments at fair value. The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. Please refer to the Portfolio of Investments for a detailed breakout of the security types:

Investments, at Value

Level 1 – Quoted
Prices ($)

Level 2 – Other Significant
Observable Inputs ($)

Level 3 – Significant
Unobservable Inputs ($)

Total ($)

Investments in Securities

Common Stocks

$429,282,988

$217,542,039

$–

$646,825,027

Amounts listed as "–" are $0 or round to $0.

During the six-months ended April 30, 2022, there were no significant changes to the fair valuation methodologies for the type of holdings in the Fund's portfolio.

b. Foreign Currency Translation:

Foreign securities, currencies, and other assets and liabilities denominated in foreign currencies are translated into U.S. Dollars at the exchange rate of said currencies against the U.S. Dollar, as of the Valuation Time, as provided by an independent pricing service approved by the Board.

Foreign currency amounts are translated into U.S. Dollars on the following basis:

(i)

market value of investment securities, other assets and liabilities – at the current daily rates of exchange at the Valuation Time; and

(ii)

purchases and sales of investment securities, income and expenses – at the relevant rates of exchange prevailing on the respective dates of such transactions.

Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

The Fund does not isolate that portion of gains and losses on investments in equity securities due to changes in the foreign exchange rates from the portion due to changes in market prices of equity securities. Accordingly, realized and unrealized foreign currency gains and losses with respect to such securities are included in the reported net realized and unrealized gains and losses on investment transactions balances.

The Fund reports certain foreign currency related transactions and foreign taxes withheld on security transactions as components of realized gains for financial reporting purposes, whereas such foreign currency related transactions are treated as ordinary income for U.S. federal income tax purposes.

Net unrealized currency gains or losses from valuing foreign currency denominated assets and liabilities at period end exchange rates are reflected as a component of net unrealized appreciation/depreciation in value of investments, and translation of other assets and liabilities denominated in foreign currencies.

Net realized foreign exchange gains or losses represent foreign exchange gains and losses from transactions in foreign currencies and forward foreign currency contracts, exchange gains or losses realized between the trade date and settlement date on security transactions, and the difference between the amounts of interest and dividends recorded on the Fund's books and the U.S. Dollar equivalent of the amounts actually received.

c. Security Transactions, Investment Income and Expenses:

Security transactions are recorded on the trade date. Realized and unrealized gains/(losses) from security and currency transactions are calculated on the identified cost basis. Dividend income and corporate actions are recorded generally on the ex-date, except for certain dividends and corporate actions which may be recorded after the ex-date, as soon as the Fund acquires information regarding such dividends or corporate actions. Interest income and expenses are recorded on an accrual basis.

d. Derivative Financial Instruments:

The Fund is authorized to use derivatives to manage currency risk, credit risk, and interest rate risk and to replicate, or use as a substitute for, physical securities. Losses may arise due to changes in the value of the contract or if the counterparty does not perform under the contract. The use of derivative instruments involves, to varying degrees, elements of market risk in excess of the amount recognized in the Statement of Assets and Liabilities.

Forward Foreign Currency Exchange Contracts:

A forward foreign currency exchange contract ("forward contract") involves an obligation to purchase and sell a specific currency at a future date, which may be any fixed number of days from the date of the contract agreed upon by the parties, at a price set at the time of the contract. Forward contracts are used to manage the Fund's currency exposure in an efficient manner. They are used to sell unwanted currency exposure that comes with holding securities in a market, or to buy currency exposure where the exposure from holding securities is insufficient to give the desired currency exposure either in absolute terms or relative to a particular benchmark or index. The use of forward contracts allows for the separation of investment decision-making between foreign securities holdings and their currencies.

The forward contract is marked-to-market daily and the change in market value is recorded by the Fund as unrealized appreciation or depreciation. Forward contracts' prices are received daily from an independent pricing provider. When the forward contract is closed, the Fund records a realized gain or loss equal to the difference between the value at the time it was opened and the value at the time it was closed. These realized and unrealized gains and losses are reported on the Statement of Operations.

While the Fund may enter into forward contracts to seek to reduce currency exchange rate risks, transactions in such contracts involve certain risks. The Fund could be exposed to risks if the counterparties to the contracts are unable to meet the terms of their contracts and from unanticipated movements in exchange rates. Thus, while the Fund may benefit from such transactions, unanticipated changes in currency prices may result in a poorer overall performance for the Fund than if it had not engaged in any such transactions. Moreover, there may be imperfect correlation between the Fund's portfolio holdings or securities quoted or denominated in a particular currency and forward contracts entered into by the Fund. Such imperfect correlation may prevent the Fund from achieving a desired hedge, which will expose the Fund to the risk of foreign exchange loss.

Forward contracts are subject to the risk that a counterparty to a forward contract may default on its obligations. Since a forward foreign currency exchange contract is not guaranteed by an exchange or clearing house, a default on the contract would deprive the Fund of unrealized profits, transaction costs or the benefits of a currency hedge or force the Fund to cover its purchase or sale commitments, if any, at the market price at the time of default.

e. Distributions:

The Fund implemented a managed distribution policy to pay a stable monthly distribution out of current income, supplemented by realized

18 Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

short-term capital gains and long-term capital gains, and, to the extent necessary, paid-in capital, which is a nontaxable return of capital. The managed distribution policy is subject to regular review by the Board. The Fund expects to pay its common shareholders annually all or substantially all of its investment company taxable income. In addition, at least annually, the Fund intends to distribute all or substantially all of its net capital gains, if any.

Distributions from net realized gains for book purposes may include short-term capital gains which are ordinary income for tax purposes. Distributions to common shareholders are recorded on the ex-dividend date.

Dividends and distributions to shareholders are determined in accordance with federal income tax regulations, which may differ from GAAP. These "book-tax" differences are considered either temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the capital accounts based on their federal income tax treatment. Temporary differences do not require reclassification. To the extent distributions exceed current and accumulated earnings and profits for federal income tax purposes they are reported to shareholders as return of capital.

f. Federal Income Taxes:

The Fund intends to continue to qualify as a "regulated investment company" (RIC) by complying with the provisions available to certain investment companies, as defined in Subchapter M of the Internal Revenue Code of 1986, as amended, and to make distributions of net investment income and net realized capital gains sufficient to relieve the Fund from all federal income taxes. Therefore, no federal income tax provision is required.

The Fund recognizes the tax benefits of uncertain tax positions only where the position is "more likely than not" to be sustained assuming examination by tax authorities. Management of the Fund has concluded that there are no significant uncertain tax positions that would require recognition in the financial statements. Since tax authorities can examine previously filed tax returns, the Fund's U.S. federal and state tax returns for each of the most recent four fiscal years up to the most recent fiscal year ended October 31, 2021 are subject to such review.

g. Foreign Withholding Tax:

Dividend and interest income from non-U.S. sources received by the Fund are generally subject to non-U.S. withholding taxes and are recorded on the Statement of Operations. The Fund files for tax reclaims for the refund of such withholding taxes according to tax treaties. Tax reclaims that are deemed collectible are booked as tax reclaim receivable on the Statement of Assets and Liabilities. In addition, the Fund may be subject to capital gains tax in certain

countries in which it invests. The above taxes may be reduced or eliminated under the terms of applicable U.S. income tax treaties with some of these countries. The Fund accrues such taxes when the related income is earned.

In addition, when the Fund sells securities within certain countries in which it invests, the capital gains realized may be subject to tax. Based on these market requirements and as required under GAAP, the Fund accrues deferred capital gains tax on securities currently held that have unrealized appreciation within these countries. The amount of deferred capital gains tax accrued, if any, is reported on the Statement of Assets and Liabilities.

h. Restricted Securities:

Restricted securities are privately-placed securities whose resale is restricted under U.S. securities laws. The Fund may invest in restricted securities, including unregistered securities eligible for resale without registration pursuant to Rule 144A and privately-placed securities of U.S. and non-U.S. issuers offered outside the U.S. without registration pursuant to Regulation S under the Securities Act of 1933, as amended (the "1933 Act"). Rule 144A securities may be freely traded among certain qualified institutional investors, such as the Fund, but resale of such securities in the U.S. is permitted only in limited circumstances.

3. Agreements and Transactions with Affiliates

a. Investment Adviser and Investment Sub-Adviser:

Aberdeen Asset Managers Limited ("AAML" or the "Adviser") and abrdn Inc. (formerly, Aberdeen Standard Investments Inc.) ("abrdn Inc." or the "Sub-Adviser") serve as the Fund's investment adviser and sub-adviser, respectively, pursuant to an investment advisory agreement (the "Advisory Agreement") and sub-advisory agreement (the "Sub-Advisory Agreement") with the Fund. AAML and abrdn Inc. (collectively, the "Advisers") are wholly-owned indirect subsidiaries of abrdn plc (formerly known as "Standard Life Aberdeen plc"). In rendering advisory services, the Advisers may use the resources of investment advisor subsidiaries of abrdn. These affiliates have entered into procedures pursuant to which investment professionals from affiliates may render portfolio management and research services as associated persons of the Advisers.

As compensation for its services to the Fund, AAML receives an annual investment advisory fee of 1.00% based on the Fund's average daily Managed Assets, computed daily and payable monthly. During the six-month period ended April 30, 2022 the Fund paid AAML $3,399,923. Managed Assets means total assets of the Fund, including any form of investment leverage, minus all accrued expenses incurred in the normal course of operations, but not excluding any liabilities or obligations attributable to investment leverage obtained through (i) indebtedness of any type (including, without limitation, borrowing

Aberdeen Global Premier Properties Fund 19

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

through a credit facility or the issuance of debt securities), (ii) the issuance of preferred stock or other similar preference securities, (iii) the reinvestment of collateral received for securities loaned in accordance with the Fund's investment objectives and policies, and/or (iv) any other means. Under the Sub-Advisory Agreement, AAML is responsible for the payment of fees to abrdn Inc.

Effective May 4, 2018, AAML entered into a written contract (the "Expense Limitation Agreement") with the Fund that is effective through June 30, 2022. The Expense Limitation Agreement limits the total ordinary operating expenses of the Fund (excluding any leverage costs, taxes, interest, brokerage commissions and any non-routine expenses) from exceeding 1.19% of the average daily net assets of the Fund on an annualized basis. The total amount of the waiver for the six-month period ended April 30, 2022 pursuant to the Expense Limitation Agreement was $639,179.

AAML may request and receive reimbursement from the Fund of the advisory fees waived and other expenses reimbursed pursuant to the Expense Limitation Agreement as of a date not more than three years after the date when the Adviser limited the fees or reimbursed the expenses; provided that the following requirements are met: the reimbursements do not cause the Fund to exceed the lesser of the applicable expense limitation in the contract at the time the fees were limited or expenses are paid or the applicable expense limitation in effect at the time the expenses are being recouped by the Adviser, and the payment of such reimbursement is approved by the Board on a quarterly basis (the "Reimbursement Requirements"). Except as provided for in the Expense Limitation Agreement, reimbursement of amounts previously waived or assumed by AAML is not permitted.

As of April 30, 2022, to the extent the Reimbursement Requirements are met, the cumulative potential reimbursements to AAML from the Fund, based on expenses reimbursed by AAML, including adjustments described above, would be:

Amount Fiscal Year 2019 (Expires 10/31/22)			$250,705
Amount Fiscal Year 2020 (Expires 10/31/23)			$481,002
Amount Fiscal Year 2021 (Expires 10/31/24)			$1,046,700
Amount Six Months Period 2022 (Expires 4/30/25)			$639,179
Total*			$2,417,586

Amounts reported are due to expire throughout the respective 3-year expiration period presented above.

b. Fund Administrator:

Effective June 1, 2020, abrdn Inc. became the Fund's Administrator. Pursuant to the Administration Agreement, abrdn Inc. receives a fee paid by the Fund, at an annual fee rate of 0.08% of the Fund's average

monthly net assets. Prior to June 1, 2020, State Street Bank and Trust Company ("SSBT") served as the Fund's Administrator. SSBT became the Fund's Sub-Administrator effective June 1, 2020. For the six-month period ended April 30, 2022, abrdn Inc. earned $225,196 from the Fund for administration services.

c. Investor Relations:

Under the terms of the Investor Relations Services Agreement, abrdn Inc. provides and/or engages third parties to provide investor relations services to the Fund and certain other funds advised by AAML or its affiliates as part of an Investor Relations Program. Under the Investor Relations Services Agreement, the Fund owes a portion of the fees related to the Investor Relations Program (the "Fund's Portion"). However, Investor Relations Services fees are limited by abrdn Inc. so that the Fund will only pay up to an annual rate of 0.05% of the Fund's average weekly net assets. Any difference between the capped rate of 0.05% of the Fund's average weekly net assets and the Fund's Portion is paid for by abrdn Inc.

Pursuant to the terms of the Investor Relations Services Agreement, abrdn Inc. (or third parties engaged by abrdn Inc.), among other things, provides objective and timely information to shareholders based on publicly available information; provides information efficiently through the use of technology while offering shareholders immediate access to knowledgeable investor relations representatives; develops and maintains effective communications with investment professionals from a wide variety of firms; creates and maintains investor relations communication materials such as fund manager interviews, films and webcasts, publishes white papers, magazine articles and other relevant materials discussing the Fund's investment results, portfolio positioning and outlook; develops and maintains effective communications with large institutional shareholders; responds to specific shareholder questions; and reports activities and results to the Board and management detailing insight into general shareholder sentiment.

During the six-month period ended April 30, 2022, the Fund incurred investor relations fees of approximately $77,456. For the six-month period ended April 30, 2022, abrdn Inc. did not contribute to the investor relations fees for the Fund because the Fund's contribution was below 0.05% of the Fund's average weekly net assets on an annual basis.

4. Investment Transactions

Purchases and sales of investment securities (excluding short-term securities) for the six-month period ended April 30, 2022, were $130,265,621 and $120,925,688, respectively.

20 Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

5. Capital

The Fund is authorized to issue an unlimited number of common shares with no par value. As of April 30, 2022, there were 85,407,951 shares of common stock issued and outstanding.

6. Line of Credit

On October 8, 2020 the Fund entered into a revised lending agreement with BNP Paribas Prime Brokerage International Ltd. ("BNPP PB") which allows the Fund to borrow on an uncommitted and secured basis up to $125 million. On December 14, 2021, the Board approved an amendment to its Prime Brokerage Agreement with BNP Paribas Prime Brokerage International to increase the maximum commitment from $125 to $175 million. The amendment also adjusted the charged interest on amounts borrowed at a variable rate, which may be based on the Secured Overnight Financing Rate plus a spread. The previous terms of the lending agreement indicate the rate to be the London Interbank Offered Rate ("LIBOR") plus 0.85% per annum on amounts borrowed. The BNPP PB facility provides a secured, uncommitted line of credit for the Fund where selected Fund assets are pledged against advances made to the Fund. The Fund has granted a security interest in all pledged assets used as collateral to BNPP PB. The maximum amount of the line of credit available is the lesser of 33.33% of its total assets of the Fund or the amount disclosed above, including the amount borrowed. Either BNPP PB or the Fund may terminate this agreement upon delivery of written notice. During the six-month period ended April 30, 2022, the average borrowing by the Fund was $118,080,947 with an average weighted interest rate on borrowings of 1.14%. During the six-month period ended April 30, 2022, the maximum borrowing by the Fund was $131,289,509. Interest expense related to the line of credit for the six-month period ended April 30, 2022 was $500,869. As of April 30, 2022, the outstanding balance on the loan was $125,307,482.

7. Open Market Repurchase Program

On June 13, 2018, the Board approved a share repurchase program ("Program") for the Fund. The Program allows the Fund to purchase, in the open market, its outstanding common shares, with the amount and timing of any repurchase determined at the discretion of the Fund's investment adviser and subject to market conditions and investment considerations. The Fund reports repurchase activity on the Fund's website on a monthly basis. For the six-month period ended April 30, 2022, the Fund did not repurchase any shares through the Program.

8. Portfolio Investment Risks

a. Concentration Risk:

The Fund invests a substantial amount of its assets in the equity securities of issuers engaged in the real estate industry, including real estate investment trusts (REITs). As a result, the Fund may be more affected by economic developments in the real estate industry than would a general equity fund.

b. Emerging Markets Risk:

The Fund is subject to emerging markets risk. This is a magnification of the risks that apply to foreign investments. These risks are greater for securities of companies in emerging market countries because the countries may have less stable governments, more volatile currencies and less established markets (see "Foreign Securities Risk" below).

c. Equity Securities Risk:

The stock or other security of a company may not perform as well as expected, and may decrease in value, because of factors related to the company (such as poorer than expected earnings or certain management decisions) or to the industry in which the company is engaged (such as a reduction in the demand for products or services in a particular industry). Holders of common stock generally are subject to more risks than holders of preferred stock or debt securities because the right to repayment of common stockholders' claims is subordinated to that of preferred stock and debt securities upon the bankruptcy of the issuer.

d. Foreign Currency Exposure Risk:

The value of foreign currencies relative to the U.S. Dollar fluctuates in response to market, economic, political, regulatory, geopolitical or other conditions. A decline in the value of a foreign currency versus the U.S. Dollar reduces the value in U.S. Dollars of investments denominated in that foreign currency. This risk may impact the Fund more greatly to the extent the Fund does not hedge its currency risk, or hedging techniques used by the Adviser are unsuccessful.

e. Foreign Securities Risk:

Foreign countries in which the Fund may invest may have markets that are less liquid, less regulated and more volatile than U.S. markets. The value of the Fund's investments may decline because of factors such as unfavorable or unsuccessful government actions, reduction of government or central bank support and political or financial instability. To the extent the Fund focuses its investments in a single country or only a few countries in a particular geographic region, economic, political, regulatory or other conditions affecting such country or region

Aberdeen Global Premier Properties Fund 21

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

may have a greater impact on Fund performance relative to a more geographically diversified fund.

f. Issuer Risk:

The value of a security may decline for reasons directly related to the issuer, such as management performance, financial leverage and reduced demand for the issuer's goods or services.

g. Leverage Risk:

The Fund may use leverage to purchase securities. Increases and decreases in the value of the Fund's portfolio will be magnified when the Fund uses leverage.

h. LIBOR Risk:

The Fund may invest in certain debt securities, derivatives or other financial instruments that utilize LIBOR as a "benchmark" or "reference rate" for various interest rate calculations. In July 2017, the United Kingdom Financial Conduct Authority ("FCA"), which regulates LIBOR, announced a desire to phase out the use of LIBOR by the end of 2021. However, subsequent announcements by the FCA, the LIBOR administrator and other regulators indicate that it is possible that the most widely used LIBOR rates may continue until mid-2023. It is anticipated that LIBOR ultimately will be discontinued or the regulator will announce that it is no longer sufficiently robust to be representative of its underlying market around that time. Although financial regulators and industry working groups have suggested alternative reference rates, such as European Interbank Offered Rate ("EURIBOR"), Sterling Overnight Interbank Average Rate ("SONIA") and Secured Overnight Financing Rate ("SOFR"), global consensus on alternative rates is lacking and the process for amending existing contracts or instruments to transition away from LIBOR remains unclear. The elimination of LIBOR or changes to other reference rates or any other changes or reforms to the determination or supervision of reference rates could have an adverse impact on the market for, or value of, any securities or payments linked to those reference rates, which may adversely affect the Fund's performance and/or net asset value. Uncertainty and risk also remain regarding the willingness and ability of issuers and lenders to include revised provisions in new and existing contracts or instruments. Consequently, the transition away from LIBOR to other reference rates may lead to increased volatility and illiquidity in markets that are tied to LIBOR, fluctuations in values of LIBOR-related investments or investments in issuers that utilize LIBOR, increased difficulty in borrowing or refinancing and diminished effectiveness of hedging strategies, adversely affecting the Fund's performance. Furthermore, the risks associated with the expected discontinuation of LIBOR and transition may be exacerbated if the

work necessary to effect an orderly transition to an alternative reference rate is not completed in a timely manner.

i. Management Risk:

The Fund is subject to the risk that the Adviser may make poor security selections. The Adviser, and its portfolio managers apply their own investment techniques and risk analyses in making investment decisions for the Fund and there can be no guarantee that these decisions will achieve the desired results for the Fund. In addition, the Adviser may select securities that underperform the relevant market or other funds with similar investment objectives and strategies.

j. Market Risk:

Markets are affected by numerous factors, including interest rates, the outlook for corporate profits, the health of the national and world economies, the fluctuation of other stock markets around the world, and financial, economic and other global market developments and disruptions, such as those arising from war, terrorism, market manipulation, government interventions, defaults and shutdowns, political changes or diplomatic developments, public health emergencies and natural/environmental disasters. Such events can negatively impact the securities markets and cause the Fund to lose value.

One such event is the COVID-19 pandemic, which has caused major disruptions to economies and markets around the world, including the markets in which the Fund invests, and which has and may continue to negatively impact the value of certain of the Fund's investments. Although vaccines for COVID-19 and variants thereof are becoming more widely available, the COVID-19 pandemic and impacts thereof may continue for an extended period of time and may vary from market to market. To the extent the impacts of COVID-19 continue, the Fund may experience negative impacts to its business that could exacerbate other risks to which the Fund is subject. Policy and legislative changes in countries around the world are affecting many aspects of financial regulation, and governmental and quasi-governmental authorities and regulators throughout the world have previously responded to serious economic disruptions with a variety of significant fiscal and monetary policy changes.

In addition, economies and financial markets throughout the world are becoming increasingly interconnected. As a result, whether or not the Fund invests in securities of issuers located in or with significant exposure to countries experiencing economic and financial difficulties, the value and liquidity of the Fund's investments may be negatively affected by such events.

22 Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited) (continued)

April 30, 2022

For example, whether or not the Fund invests in securities of issuers located in Europe (whether the EU, Eurozone or UK) or with significant exposure to European, EU, Eurozone or UK issuers or countries, the unavoidable uncertainties and events related to the UK's departure from the EU ("Brexit") could negatively affect the value and liquidity of the Fund's investments, increase taxes and costs of business and cause volatility in currency exchange rates and interest rates. Brexit could adversely affect the performance of contracts in existence at the date of Brexit and European, UK or worldwide political, regulatory, economic or market conditions and could contribute to instability in political institutions, regulatory agencies and financial markets. Brexit could also lead to legal uncertainty and politically divergent national laws and regulations as a new relationship between the UK and EU is defined and as the UK determines which EU laws to replace or replicate. Any of these effects of Brexit, and others that cannot be anticipated, could adversely affect the Fund's business, results of operations and financial condition.

The impact of these changes on the markets, and the practical implications for market participants, may not be fully known for some time.

k. Mid-Cap Securities Risk:

Securities of medium-sized companies tend to be more volatile and less liquid than securities of larger companies.

l. Non-U.S. Taxation Risk:

Income, proceeds and gains received by the Fund from sources within foreign countries may be subject to withholding and other taxes imposed by such countries, which will reduce the return on those investments. Tax treaties between certain countries and the United States may reduce or eliminate such taxes.

If, at the close of its taxable year, more than 50% of the value of the Fund's total assets consists of securities of foreign corporations, including for this purpose foreign governments, the Fund will be permitted to make an election under the Code that will allow shareholders a deduction or credit for foreign taxes paid by the Fund. In such a case, shareholders will include in gross income from foreign sources their pro rata shares of such taxes. A shareholder's ability to claim an offsetting foreign tax credit or deduction in respect of such foreign taxes is subject to certain limitations imposed by the Code, which may result in the shareholder's not receiving a full credit or deduction (if any) for the amount of such taxes. Shareholders who do not itemize on their U.S. federal income tax returns may claim a credit (but not a deduction) for such foreign taxes. If the Fund does not qualify for or chooses not to make such an election, shareholders will not be entitled separately to claim a credit or deduction for U.S. federal

income tax purposes with respect to foreign taxes paid by the Fund; in that case the foreign tax will nonetheless reduce the Fund's taxable income. Even if the Fund elects to pass through to its shareholders foreign tax credits or deductions, tax-exempt shareholders and those who invest in the Fund through tax-advantaged accounts such as IRAs will not benefit from any such tax credit or deduction.

m. Passive Foreign Investment Company Tax Risk:

Equity investments by the Fund in certain "passive foreign investment companies" ("PFICs") could subject the Fund to a U.S. federal income tax (including interest charges) on distributions received from the PFIC or on proceeds received from the disposition of shares in the PFIC. The Fund may be able to elect to treat a PFIC as a "qualified electing fund" (i.e., make a "QEF election"), in which case the Fund will be required to include its share of the company's income and net capital gains annually. The Fund may make an election to mark the gains (and to a limited extent losses) in such holdings "to the market" as though it had sold and repurchased its holdings in those PFICs on the last day of the Fund's taxable year. Such gains and losses are treated as ordinary income and loss. Because it is not always possible to identify a foreign corporation as a PFIC, the Fund may incur the tax and interest charges described above in some instances.

n. Portfolio Turnover Risk:

The Fund may engage in active and frequent trading of portfolio securities to achieve its investment objective. High portfolio turnover necessarily results in greater transaction costs which may reduce Fund performance. It may also result in greater realization of gains, which may include short-term gains taxable at ordinary income tax rates.

o. Qualified Dividend Income Tax Risk:

Favorable U.S. federal tax treatment of Fund distributions may be adversely affected, changed or repealed by future changes in tax laws.

p. REIT and Real Estate Risk:

Investment in real estate investment trusts ("REITs") and real estate involves the risks that are associated with direct ownership of real estate and with the real estate industry in general. These risks include: declines in the value of real estate; risks related to local economic conditions, overbuilding and increased competition; increases in property taxes and operating expenses; changes in zoning laws; casualty or condemnation losses; variations in rental income, neighborhood values or the appeal of properties to tenants; changes in interest rates and changes in general economic and market conditions. REITs' share prices may decline because of adverse developments affecting the real estate industry including changes in interest rates. The returns from REITs may trail returns from the overall market. Additionally, there is

Aberdeen Global Premier Properties Fund

Notes to Financial Statements (unaudited) (concluded)

April 30, 2022

always a risk that a given REIT will fail to qualify for favorable tax treatment. REITs may be leveraged, which increases risk. Certain REITs charge management fees, which may result in layering the management fee paid by the Fund.

q. Small-Cap Securities Risk:

Securities of smaller companies are usually less stable in price and less liquid than those of larger, more established companies. Therefore, they generally involve greater risk.

r. Valuation Risk:

The price that the Fund could receive upon the sale of any particular portfolio investment may differ from the Fund's valuation of the investment, particularly for securities that trade in thin or volatile markets or that are valued using a fair valuation methodology or a

price provided by an independent pricing service. As a result, the price received upon the sale of an investment may be less than the value ascribed by the Fund, and the Fund could realize a greater than expected loss or lower than expected gain upon the sale of the investment. The Fund's ability to value its investments may also be impacted by technological issues and/or errors by pricing services or other third-party service providers.

9. Contingencies

In the normal course of business, the Fund may provide general indemnifications pursuant to certain contracts and organizational documents. The Fund's maximum exposure under these arrangements is dependent on future claims that may be made against the Fund, and therefore, cannot be estimated; however, the Fund expects the risk of loss from such claims to be remote.

10. Tax Information

The U.S. federal income tax basis of the Fund's investments (including derivatives, if applicable) and the net unrealized appreciation as of April 30, 2022, were as follows:

Tax Basis of Investments		Appreciation		Depreciation		Net Unrealized Appreciation
$573,153,456		$104,975,736		$(31,304,165)		$73,671,571

11. Recent Rulemaking

In October 2020, the SEC adopted new regulations governing the use of derivatives by registered investment companies. Rule 18f-4 will impose limits on the amount of derivatives a fund could enter into, eliminate the asset segregation framework currently used by funds to comply with Section 18 of the 1940 Act, and require funds whose use of derivatives is more than a limited specified exposure to establish and maintain a derivatives risk management program and appoint a derivatives risk manager. Management is currently finalizing the implementation of Rule 18f-4 to meet the August 19, 2022 compliance date.

In December 2020, the SEC adopted Rule 2a-5 under the 1940 Act, which establishes requirements for determining fair value in good faith for purposes of the 1940 Act, including related oversight and reporting requirements. The rule also defines when market quotations are "readily available" for purposes of the 1940 Act, the threshold for determining whether a fund must fair value a security. The SEC also adopted new Rule 31a-4 under the 1940 Act, which sets forth the recordkeeping requirements associated with fair value determinations. Finally, the

SEC is rescinding previously issued guidance on related issues, including the role of a board in determining fair value and the accounting and auditing of fund investments. Rule 2a-5 and Rule 31a-4 became effective on March 8, 2021, with a compliance date of September 8, 2022. Management is currently evaluating this guidance.

12. Subsequent Events

Management has evaluated the need for disclosures and/or adjustments resulting from subsequent events through the date the financial statements were issued. Based on this evaluation, no disclosures and/or adjustments were required to the financial statements as of April 30, 2022, other than as noted below.

On May 10, 2022 and June 9, 2022, the Fund announced that it will pay on May 31, 2022 and June 30, 2022 a distribution of $0.04 per share to all shareholders of record as of May 20, 2022 and June 22, 2022, respectively.

On June 14, the Board approved the continuation of the Expense Limitation Agreement for another year.

24	Aberdeen Global Premier Properties Fund

Supplemental Information (unaudited)

Results of Annual Meeting of Shareholders

The Annual Meeting of Shareholders was held on April 28, 2022. The description of the proposal and number of shares voted at the meeting are as follows:

To elect one Class II Trustee, to serve for a three-year term:

	Votes For		Votes Withheld
P. Gerald Malone	58,923,404		2,681,983

Aberdeen Global Premier Properties Fund

Dividend Reinvestment and Optional Cash Purchase Plan (unaudited)

The Fund intends to distribute to stockholders substantially all of its net investment income and to distribute any net realized capital gains at least annually. Net investment income for this purpose is income other than net realized long-term and short-term capital gains net of expenses. Pursuant to the Dividend Reinvestment and Optional Cash Purchase Plan (the "Plan"), stockholders whose shares of common stock are registered in their own names will be deemed to have elected to have all distributions automatically reinvested by Computershare Trust Company N.A. (the "Plan Agent") in the Fund shares pursuant to the Plan, unless such stockholders elect to receive distributions in cash. Stockholders who elect to receive distributions in cash will receive such distributions paid by check in U.S. Dollars mailed directly to the stockholder by the Plan Agent, as dividend paying agent. In the case of stockholders such as banks, brokers or nominees that hold shares for others who are beneficial owners, the Plan Agent will administer the Plan on the basis of the number of shares certified from time to time by the stockholders as representing the total amount registered in such stockholders' names and held for the account of beneficial owners that have not elected to receive distributions in cash. Investors that own shares registered in the name of a bank, broker or other nominee should consult with such nominee as to participation in the Plan through such nominee and may be required to have their shares registered in their own names in order to participate in the Plan. Please note that the Fund does not issue certificates so all shares will be registered in book entry form. The Plan Agent serves as agent for the stockholders in administering the Plan. If the Trustees of the Fund declare an income dividend or a capital gains distribution payable either in the Fund's common stock or in cash, nonparticipants in the Plan will receive cash and participants in the Plan will receive common stock, to be issued by the Fund or purchased by the Plan Agent in the open market, as provided below. If the market price per share (plus expected per share fees) on the valuation date equals or exceeds NAV per share on that date, the Fund will issue new shares to participants at NAV; provided, however, that if the NAV is less than 95% of the market price on the valuation date, then such shares will be issued at 95% of the market price. The valuation date will be the payable date for such distribution or dividend or, if that date is not a trading day on the New York Stock Exchange, the immediately preceding trading date. If NAV exceeds the market price of Fund shares at such time, or if the Fund should declare an income dividend or capital gains distribution payable only in cash, the Plan Agent will, as agent for the participants, buy Fund shares in the open market, on the New York Stock Exchange or elsewhere, for the participants' accounts on, or shortly after, the payment date. If, before the Plan Agent has completed its purchases, the market price exceeds the NAV of a Fund share, the average per share purchase price paid by the Plan Agent may exceed the NAV of the Fund's shares,

resulting in the acquisition of fewer shares than if the distribution had been paid in shares issued by the Fund on the dividend payment date. Because of the foregoing difficulty with respect to open-market purchases, the Plan provides that if the Plan Agent is unable to invest the full dividend amount in open-market purchases during the purchase period or if the market discount shifts to a market premium during the purchase period, the Plan Agent will cease making open-market purchases and will receive the uninvested portion of the dividend amount in newly issued shares at the close of business on the last purchase date.

Participants have the option of making additional cash payments of a minimum of $50 per investment (by check, one-time online bank debit or recurring automatic monthly ACH debit) to the Plan Agent for investment in the Fund's common stock, with an annual maximum contribution of $250,000. The Plan Agent will wait up to three business days after receipt of a check or electronic funds transfer to ensure it receives good funds. Following confirmation of receipt of good funds, the Plan Agent will use all such funds received from participants to purchase Fund shares in the open market on the 25th day of each month or the next trading day if the 25th is not a trading day.

If the participant sets up recurring automatic monthly ACH debits, funds will be withdrawn from his or her U.S. bank account on the 20th of each month or the next business day if the 20th is not a banking business day and invested on the next investment date. The Plan Agent maintains all stockholder accounts in the Plan and furnishes written confirmations of all transactions in an account, including information needed by stockholders for personal and tax records. Shares in the account of each Plan participant will be held by the Plan Agent in the name of the participant, and each stockholder's proxy will include those shares purchased pursuant to the Plan. There will be no brokerage charges with respect to common shares issued directly by the Fund. However, each participant will pay a per share fee of $0.02 incurred with respect to the Plan Agent's open market purchases in connection with the reinvestment of dividends, capital gains distributions and voluntary cash payments made by the participant. Per share fees include any applicable brokerage commissions the Plan Agent is required to pay.

Participants also have the option of selling their shares through the Plan. The Plan supports two types of sales orders. Batch order sales are submitted on each market day and will be grouped with other sale requests to be sold. The price will be the average sale price obtained by Computershare's broker, net of fees, for each batch order and will be sold generally within 2 business days of the request during regular open market hours. Please note that all written sales requests are always processed by Batch Order. ($10 and $0.12 per share). Market

26	Aberdeen Global Premier Properties Fund

Dividend Reinvestment and Optional Cash Purchase Plan (unaudited) (concluded)

Order sales will sell at the next available trade. The shares are sold real time when they hit the market, however an available trade must be presented to complete this transaction. Market Order sales may only be requested by phone at 1-800-647-0584 or using Investor Center through www.computershare.com/buyaberdeen. ($25 and $0.12 per share).

The receipt of dividends and distributions under the Plan will not relieve participants of any income tax that may be payable on such dividends or distributions. The Fund or the Plan Agent may terminate the Plan as applied to any voluntary cash payments made and any dividend or distribution paid subsequent to notice of the termination sent to

members of the Plan at least 30 days prior to the record date for such dividend or distribution. The Plan also may be amended by the Fund or the Plan Agent, but (except when necessary or appropriate to comply with applicable law or the rules or policies of the Securities and Exchange Commission or any other regulatory authority) only by mailing a written notice at least 30 days prior to the effective date to the participants in the Plan. All correspondence concerning the Plan should be directed to the Plan Agent by phone at 1-800-647-0584, using Investor Center through www.computershare.com/buyaberdeen or in writing to Computershare Trust Company N.A., P.O. Box 505000, Louisville, KY 40233-5000.

Aberdeen Global Premier Properties Fund

Corporate Information

Trustees

Stephen Bird
Nancy Yao Maasbach
P. Gerald Malone, Chairman

John Sievwright

Investment Adviser

Aberdeen Asset Managers Limited
Bow Bells House
1 Bread Street
London, United Kingdom
EC4M 9HH

Investment Sub-Adviser

abrdn Inc.
1900 Market Street, Suite 200
Philadelphia, PA 19103

Custodian

State Street Bank and Trust Company
1 Lincoln Street
Boston, MA 02111

Administrator

abrdn Inc.
1900 Market Street, Suite 200
Philadelphia, PA 19103

Transfer Agent

Computershare Trust Company, N.A.
P.O. Box 505000
Louisville, KY 40233

Independent Registered Public Accounting Firm

KPMG LLP
1601 Market Street
Philadelphia, PA 19103

Legal Counsel

Dechert LLP
1900 K Street, N.W.
Washington, DC 20006

Investor Relations

abrdn Inc.
1900 Market Street, Suite 200
Philadelphia, PA 19103
1-800-522-5465
Investor.Relations@abrdn.com

The Financial Statements as of April 30, 2022, included in this report, were not audited and accordingly, no opinion is expressed thereon.

Notice is hereby given in accordance with Section 23(c) of the Investment Company Act of 1940, as amended, that the Fund may purchase, from time to time, shares of its common stock in the open market.

Shares of Aberdeen Global Premier Properties Fund are traded on the NYSE under the symbol "AWP". Information about the Fund's net asset value and market price is available at www.aberdeenawp.com.

This report, including the financial information herein, is transmitted to the shareholders of Aberdeen Global Premier Properties Fund for their general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person. Past performance is no guarantee of future returns.

(a) Schedule of Investments in securities of unaffiliated issuers as of close of the reporting period is included as part of the Report to Shareholders filed under Item 1 of this Form N-CSR.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

(b) There has been no change, as of the date of this filing, in any of the portfolio managers identified in response to paragraph (a)(1)of this Item in the registrant’s most recently filed annual report on Form N-CSR.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

No such purchases were made by or on behalf of the Registrant during the period covered by the report.

During the period ended April 30, 2022, there were no material changes to the procedures by which shareholders may recommend nominees to the Registrant’s Board of Trustees.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

	6 Months	1 Year	3 Years	5 Years	10 Years
Net Asset Value ("NAV")	-7.0%	0.3%	6.0%	7.1%	7.5%
Market Price	-8.9%	-2.4%	7.5%	8.2%	8.2%
FTSE EPRA/NAREIT Global Real Estate Index (Net Dividends)	-5.4%	0.0%	2.7%	4.7%	5.7%

Sub-Industries
Residential REITs	20.9	%
Industrial REITs	20.2	%
Specialized REITs	18.3	%
Retail REITs	14.4	%
Office REITs	12.3	%
Health Care REITs	8.4	%
Real Estate Operating Companies	7.7	%
Diversified REITs	7.1	%
Diversified Real Estate Activities	6.2	%
Real Estate Development	4.8	%
Hotel & Resort REITs	2.6	%
Mortgage REITs	0.6	%
Homebuilding	0.2	%
Liabilities in Excess of Other Assets	(23.7	)%
	100.0	%

Countries
United States	72.7	%
Japan	9.8	%
United Kingdom	6.0	%
Singapore	5.4	%
Australia	4.4	%
Canada	4.2	%
Germany	3.6	%
China	3.3	%
Belgium	3.1	%
Hong Kong	2.8	%
Other, less than 2% each	8.4	%
Liabilities in Excess of Other Assets	(23.7	)%
	100.0	%

Top Ten Holdings
Prologis, Inc.	8.8	%
Public Storage	4.5	%
AvalonBay Communities, Inc.	3.8	%
Welltower, Inc.	3.6	%
Equinix, Inc.	3.5	%
Equity Residential	3.3	%
Duke Realty Corp.	3.3	%
Camden Property Trust, REIT	2.9	%
Equity LifeStyle Properties, Inc.	2.5	%
Segro PLC	2.5	%

	Shares	Value
COMMON STOCKS—123.7%
AUSTRALIA—4.4%
Diversified Real Estate Activities—0.2%
Lendlease Corp., Ltd.	128,440		$ 1,100,263
Diversified REITs—2.3%
Charter Hall Group	287,056		3,085,107
Mirvac Group	3,296,363		5,571,151
Stockland	1,103,194		3,193,115
			11,849,373
Industrial REITs—0.7%
Goodman Group	207,916		3,460,531
Office REITs—1.2%
Dexus	818,231		6,397,395
Total Australia			22,807,562
BELGIUM—3.1%
Diversified REITs—0.9%
Cofinimmo SA	34,870		4,682,524
Health Care REITs—1.4%
Aedifica SA	61,640		7,306,367
Industrial REITs—0.8%
Montea NV	11,652		1,391,193
Warehouses De Pauw CVA	72,107		2,773,969
			4,165,162
Total Belgium			16,154,053
BRAZIL—0.4%
Homebuilding—0.2%
Cyrela Brazil Realty SA Empreendimentos e Participacoes	311,315		891,010
Real Estate Operating Companies—0.2%
Multiplan Empreendimentos Imobiliarios SA	278,893		1,390,530
Total Brazil			2,281,540
CANADA—4.2%
Office REITs—1.2%
Allied Properties Real Estate Investment Trust	193,674		6,291,220
Residential REITs—0.6%
Canadian Apartment Properties REIT	81,419		3,189,199
Retail REITs—2.4%
SmartCentres Real Estate Investment Trust	507,815		12,368,763
Total Canada			21,849,182
CHINA—3.3%
Diversified Real Estate Activities—0.9%
ESR Cayman Ltd.^(a)(b)	1,587,654		4,819,493

	Shares	Value
COMMON STOCKS (continued)
CHINA (continued)
Real Estate Development—2.4%
China Overseas Land & Investment Ltd.	1,947,000		$ 6,014,824
China Resources Land Ltd.	1,449,465		6,473,619
			12,488,443
Total China			17,307,936
FINLAND—0.6%
Real Estate—0.6%
Kojamo OYJ	145,616		2,896,765
FRANCE—1.6%
Diversified REITs—0.7%
Gecina SA	32,111		3,617,244
Office REITs—0.3%
Covivio	20,217		1,439,806
Retail REITs—0.6%
Unibail-Rodamco-Westfield^(a)	47,273		3,336,288
Total France			8,393,338
GERMANY—3.6%
Real Estate Development—1.0%
Instone Real Estate Group SE^(b)	346,265		5,315,873
Real Estate Operating Companies—2.6%
LEG Immobilien SE	36,245		3,716,218
Vonovia SE	242,658		9,667,729
			13,383,947
Total Germany			18,699,820
HONG KONG—2.8%
Diversified Real Estate Activities—0.4%
Sun Hung Kai Properties Ltd.	176,500		2,032,765
Real Estate Development—1.4%
CK Asset Holdings Ltd.	1,077,500		7,304,523
Retail REITs—1.0%
Link REIT	611,000		5,277,685
Total Hong Kong			14,614,973
JAPAN—9.8%
Diversified Real Estate Activities—3.4%
Mitsubishi Estate Co., Ltd.	431,900		6,291,302
Mitsui Fudosan Co. Ltd.	455,800		9,660,105
Tokyu Fudosan Holdings Corp.	382,800		1,991,965
			17,943,372
Diversified REITs—1.3%
Canadian Solar Infrastructure Fund, Inc., UNIT^(a)	7,096		6,733,187

Address of principal executive offices:	1900 Market Street, Suite 200
	Philadelphia, PA 19103

Name and address of agent for service:	Andrea Melia
	abrdn Inc.
	1900 Market Street, Suite 200
	Philadelphia, PA 19103

	For the Six-Month Period Ended April 30, 2022		For the Fiscal Years Ended October 31,
	(unaudited)		2021		2020		2019		2018^(a)		2017
PER SHARE OPERATING PERFORMANCE:
Net asset value per common share, beginning of period	$6.84		$5.23		$7.28		$6.14		$7.18		$6.38
Net investment income	0.07	^(b)	0.13	^(b)	0.13	^(b)	0.16	^(b)	0.08	^(b)	0.11
Net realized and unrealized gains/(losses) on investments, forward foreign currency exchange contracts and foreign currency transactions	(0.55	)	1.96		(1.70	)	1.55		(0.52	)	1.29
Total from investment operations applicable to common shareholders	(0.48	)	2.09		(1.57	)	1.71		(0.44	)	1.40
Distributions to common shareholders from:
Net investment income	(0.24	)	(0.16	)	(0.05	)	(0.42	)	(0.22	)	(0.60	)
Tax return of capital	–		(0.32	)	(0.43	)	(0.15	)	(0.38	)	–
Total distributions	(0.24	)	(0.48	)	(0.48	)	(0.57	)	(0.60	)	(0.60	)
Capital Share Transactions:
Net asset value per common share, end of period	$6.12		$6.84		$5.23		$7.28		$6.14		$7.18
Market price, end of period	$5.75		$6.56		$4.36		$6.46		$5.38		$6.48

Total Investment Return Based on^(c):
Market price	(8.91%	)	62.89%		(25.81%	)	32.04%		(8.73%	)	35.59%
Net asset value	(7.02%	)	41.59%		(21.03%	)	30.38%		(5.99%	)	24.34%

Ratio to Average Net Assets Applicable to Common Shareholders/Supplementary Data:
Net assets applicable to common shareholders, end of period (000 omitted)	$523,067		$583,883		$446,533		$621,927		$524,731		$613,129
Net operating expenses	1.37%	^(d)	1.40%		1.27%		1.37%		1.19%		1.28%
Net operating expenses, excluding fee waivers	1.59%	^(d)	1.59%		1.36%		1.42%		1.19%		–	^(e)
Net operating expenses, excluding interest expense	1.19%	^(d)	1.19%		1.19%		1.19%		1.17%		1.20%
Net investment income	2.04%	^(d)	1.99%		2.12%		2.45%		1.14%		1.56%
Portfolio turnover	18%	^(f)	36%		30%		45%		83%		61%
Line of credit payable outstanding (000 omitted)	$125,307		$106,848		$30,415		$37,522		$16,248		$–
Asset coverage ratio on line of credit payable at period end^(g)	517%		646%		1,568%		1,757%		3,329%		–	^(h)
Asset coverage per $1,000 on line of credit payable at period end	$5,174		$6,465		$15,681		$17,575		$33,294		$–

By:	/s/ Christian Pittard
	Christian Pittard,
	Principal Executive Officer of
	abrdn Global Dynamic Dividend Fund

By:	/s/ Andrea Melia
	Andrea Melia,
	Principal Financial Officer of
	abrdn Global Premier Properties Fund

	Shares	Value
COMMON STOCKS (continued)
JAPAN (continued)
Industrial REITs—1.5%
GLP J-REIT	2,839		$ 3,830,874
LaSalle Logiport REIT	1,615		2,184,937
Mitsubishi Estate Logistics REIT Investment Corp., REIT^(a)	564		2,023,475
			8,039,286
Office REITs—2.9%
Global One Real Estate Investment Corp.	1,253		1,074,066
Japan Excellent, Inc.	4,125		4,047,381
Mori Hills REIT Investment Corp.	4,415		5,007,219
Nippon Building Fund, Inc.	913		4,739,660
			14,868,326
Retail REITs—0.7%
Kenedix Retail REIT Corp.	1,729		3,639,957
Total Japan			51,224,128
MEXICO—1.3%
Industrial REITs—0.7%
PLA Administradora Industrial S de RL de CV	1,277,563		1,698,492
Prologis Property Mexico SA de CV	826,224		2,218,758
			3,917,250
Real Estate Operating Companies—0.6%
Corp Inmobiliaria Vesta SAB de CV	1,661,533		3,072,857
Total Mexico			6,990,107
NETHERLANDS—1.3%
Real Estate Operating Companies—1.3%
CTP NV^(b)	483,144		6,840,765
SINGAPORE—5.4%
Diversified Real Estate Activities—1.3%
Capitaland Investment Ltd.^(a)	2,234,500		6,775,449
Industrial REITs—1.9%
Daiwa House Logistics Trust, REIT^(a)	10,717,600		6,548,590
Mapletree Logistics Trust	2,451,517		3,148,535
			9,697,125
Real Estate Operating Companies—0.7%
Ascendas India Trust, UNIT	4,333,000		3,914,893
Retail REITs—1.5%
CapitaLand Integrated Commercial Trust	3,485,100		5,839,603
Lendlease Global Commercial REIT	3,357,300		1,917,709

	Shares	Value
COMMON STOCKS (continued)
SPAIN—0.4%
Office REITs—0.4%
Inmobiliaria Colonial Socimi SA	248,625		$ 2,067,412
SWEDEN—1.7%
Real Estate Operating Companies—1.7%
Castellum AB	130,852		2,591,308
Catena AB	84,241		4,405,313
Fabege AB	174,846		2,122,303
Total Sweden			9,118,924
UNITED KINGDOM—6.0%
Diversified REITs—1.9%
Land Securities Group PLC	806,495		7,563,769
LondonMetric Property PLC	622,005		2,102,297
			9,666,066
Health Care REITs—0.2%
Assura PLC	1,342,348		1,112,350
Industrial REITs—2.5%
Segro PLC	778,113		13,027,247
Residential REITs—0.5%
UNITE Group PLC (The), REIT	200,000		2,832,042
Specialized REITs—0.9%
Safestore Holdings PLC	298,767		4,700,132
Total United Kingdom			31,337,837
UNITED STATES—72.7%
Health Care REITs—6.8%
Medical Properties Trust, Inc.^(c)	243,852		4,484,438
Omega Healthcare Investors, Inc.^(c)	116,303		2,963,400
Ventas, Inc.^(c)	170,712		9,483,052
Welltower, Inc.^(c)	205,985		18,705,498
			35,636,388
Hotel & Resort REITs—2.6%
DiamondRock Hospitality Co.^(a)(c)	224,781		2,387,174
Host Hotels & Resorts, Inc.^(c)	551,334		11,219,647
			13,606,821
Industrial REITs—12.1%
Duke Realty Corp.^(c)	313,774		17,179,126
Prologis, Inc.^(c)	287,357		46,060,454
			63,239,580

	Shares	Value
COMMON STOCKS (continued)
UNITED STATES (continued)
Office REITs (continued)
Kilroy Realty Corp.	134,673		$ 9,427,110
SL Green Realty Corp.	104,578		7,238,889
			32,694,766
Residential REITs—19.8%
American Homes 4 Rent^(c)	93,894		3,719,141
AvalonBay Communities, Inc.^(c)	87,888		19,992,762
Camden Property Trust	95,119		14,923,220
Equity LifeStyle Properties, Inc.^(c)	170,984		13,213,644
Equity Residential^(c)	212,799		17,343,119
Essex Property Trust, Inc.^(c)	9,476		3,120,163
Invitation Homes, Inc.^(c)	298,303		11,878,425
Mid-America Apartment Communities, Inc.	49,371		9,710,288
Sun Communities, Inc.^(c)	53,874		9,458,658
			103,359,420
Retail REITs—8.2%
Brixmor Property Group, Inc.^(c)	196,405		4,984,759
Kimco Realty Corp.^(c)	179,990		4,559,147
Realty Income Corp.^(c)	127,417		8,837,643
Regency Centers Corp.^(c)	48,998		3,372,532
Simon Property Group, Inc.^(c)	105,807		12,485,226
SITE Centers Corp.^(c)	221,726		3,525,443
Spirit Realty Capital, Inc.	120,148		5,220,431
			42,985,181
Specialized REITs—16.3%
American Tower Corp.^(c)	13,750		3,314,025
Digital Realty Trust, Inc.^(c)	63,438		9,269,561
Equinix, Inc.^(c)	25,661		18,452,312
Extra Space Storage, Inc.^(c)	48,653		9,244,070
Gaming & Leisure Properties, Inc., REIT^(c)	156,163		6,930,514
Public Storage^(c)	63,447		23,570,560
SBA Communications Corp.^(c)	12,150		4,217,387
VICI Properties, Inc.^(c)	346,650		10,333,636
			85,332,065
Total United States			380,255,950
Total Common Stocks			646,825,027
Total Investments—123.7% (cost $567,446,095)^(d)			646,825,027