Statement of Investments
January 31, 2022 (unaudited)
Aberdeen Global Premier Properties Fund
| Shares | Value | |||||||
| COMMON STOCKS (120.3%) | ||||||||
| AUSTRALIA (3.8%) | ||||||||
| Diversified Real Estate Activities (0.2%) | ||||||||
| Lendlease Corp., Ltd. | 128,440 | $ | 908,911 | |||||
| Diversified REITs (2.0%) | ||||||||
| Charter Hall Group | 227,023 | 2,719,249 | ||||||
| GPT Group (The) | 559,763 | 1,983,607 | ||||||
| Mirvac Group | 3,671,014 | 6,802,991 | ||||||
| 11,505,847 | ||||||||
| Industrial REITs (0.4%) | ||||||||
| Goodman Group | 140,148 | 2,314,085 | ||||||
| Office REITs (1.2%) | ||||||||
| Dexus | 900,893 | 6,558,422 | ||||||
| Total Australia | 21,287,265 | |||||||
| BELGIUM (3.7%) | ||||||||
| Diversified REITs (0.9%) | ||||||||
| Cofinimmo SA | 32,354 | 4,772,884 | ||||||
| Health Care REITs (1.2%) | ||||||||
| Aedifica SA | 55,722 | 6,701,846 | ||||||
| Industrial REITs (0.8%) | ||||||||
| Montea NV | 11,652 | 1,611,766 | ||||||
| Warehouses De Pauw CVA | 72,107 | 3,102,140 | ||||||
| 4,713,906 | ||||||||
| Real Estate Operating Companies (0.8%) | ||||||||
| VGP NV | 15,559 | 4,408,879 | ||||||
| Total Belgium | 20,597,515 | |||||||
| BRAZIL (0.4%) | ||||||||
| Homebuilding (0.2%) | ||||||||
| Cyrela Brazil Realty SA Empreendimentos e Participacoes | 311,315 | 1,024,799 | ||||||
| Real Estate Operating Companies (0.2%) | ||||||||
| Multiplan Empreendimentos Imobiliarios SA | 278,893 | 1,129,207 | ||||||
| Total Brazil | 2,154,006 | |||||||
| CANADA (4.0%) | ||||||||
| Office REITs (1.2%) | ||||||||
| Allied Properties Real Estate Investment Trust | 193,674 | 6,815,119 | ||||||
| Residential REITs (0.6%) | ||||||||
| Canadian Apartment Properties REIT | 81,419 | 3,581,116 | ||||||
| Retail REITs (2.2%) | ||||||||
| SmartCentres Real Estate Investment Trust | 507,815 | 12,280,402 | ||||||
| Total Canada | 22,676,637 | |||||||
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Global Premier Properties Fund
| CHINA (3.2%) | ||||||||
| Diversified Real Estate Activities (0.9%) | ||||||||
| ESR Cayman Ltd.(a)(b) | 1,587,654 | $ | 5,383,257 | |||||
| Real Estate Development (2.3%) | ||||||||
| China Overseas Land & Investment Ltd. | 1,947,000 | 5,746,526 | ||||||
| China Resources Land Ltd. | 1,449,465 | 7,006,159 | ||||||
| 12,752,685 | ||||||||
| Total China | 18,135,942 | |||||||
| FINLAND (0.8%) | ||||||||
| Real Estate (0.8%) | ||||||||
| Kojamo OYJ | 203,348 | 4,661,935 | ||||||
| FRANCE (0.9%) | ||||||||
| Office REITs (0.3%) | ||||||||
| Covivio | 20,217 | 1,688,283 | ||||||
| Retail REITs (0.6%) | ||||||||
| Unibail-Rodamco-Westfield(a) | 47,273 | 3,602,071 | ||||||
| Total France | 5,290,354 | |||||||
| GERMANY (5.9%) | ||||||||
| Real Estate Development (1.1%) | ||||||||
| Instone Real Estate Group SE(b) | 346,265 | 6,161,635 | ||||||
| Real Estate Operating Companies (4.8%) | ||||||||
| LEG Immobilien SE | 19,311 | 2,561,772 | ||||||
| TAG Immobilien AG | 124,222 | 3,280,495 | ||||||
| Vonovia SE | 372,233 | 21,200,820 | ||||||
| 27,043,087 | ||||||||
| Total Germany | 33,204,722 | |||||||
| HONG KONG (2.6%) | ||||||||
| Diversified Real Estate Activities (0.4%) | ||||||||
| Sun Hung Kai Properties Ltd. | 176,500 | 2,153,389 | ||||||
| Real Estate Development (1.3%) | ||||||||
| CK Asset Holdings Ltd. | 1,077,500 | 7,192,751 | ||||||
| Retail REITs (0.9%) | ||||||||
| Link REIT | 611,000 | 5,245,746 | ||||||
| Total Hong Kong | 14,591,886 | |||||||
| JAPAN (9.9%) | ||||||||
| Diversified Real Estate Activities (2.3%) | ||||||||
| Mitsui Fudosan Co. Ltd. | 511,300 | 10,960,908 | ||||||
| Tokyu Fudosan Holdings Corp. | 382,800 | 2,097,047 | ||||||
| 13,057,955 | ||||||||
| Diversified REITs (1.9%) | ||||||||
| Canadian Solar Infrastructure Fund, Inc. | 9,945 | 10,439,312 | ||||||
| Industrial REITs (1.7%) | ||||||||
| GLP J-REIT | 2,839 | 4,569,689 | ||||||
| Industrial & Infrastructure Fund Investment Corp. | 1,395 | 2,333,485 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Global Premier Properties Fund
| LaSalle Logiport REIT | 1,615 | $ | 2,583,483 | |||||
| 9,486,657 | ||||||||
| Office REITs (3.0%) | ||||||||
| Global One Real Estate Investment Corp. | 1,253 | 1,234,441 | ||||||
| Japan Excellent, Inc. | 4,125 | 4,743,977 | ||||||
| Mori Hills REIT Investment Corp. | 4,415 | 5,409,411 | ||||||
| Nippon Building Fund, Inc. | 913 | 5,287,309 | ||||||
| 16,675,138 | ||||||||
| Real Estate Operating Companies (0.3%) | ||||||||
| Hulic Co. Ltd. | 179,000 | 1,730,152 | ||||||
| Retail REITs (0.7%) | ||||||||
| Kenedix Retail REIT Corp. | 1,729 | 4,047,074 | ||||||
| Total Japan | 55,436,288 | |||||||
| MEXICO (1.3%) | ||||||||
| Industrial REITs (0.7%) | ||||||||
| PLA Administradora Industrial S de RL de CV | 1,277,563 | 1,794,831 | ||||||
| Prologis Property Mexico SA de CV | 826,224 | 2,062,756 | ||||||
| 3,857,587 | ||||||||
| Real Estate Operating Companies (0.6%) | ||||||||
| Corp Inmobiliaria Vesta SAB de CV | 1,661,533 | 3,154,239 | ||||||
| Total Mexico | 7,011,826 | |||||||
| NETHERLANDS (1.8%) | ||||||||
| Real Estate Operating Companies (1.8%) | ||||||||
| CTP NV(b) | 483,144 | 9,828,318 | ||||||
| SINGAPORE (4.8%) | ||||||||
| Diversified Real Estate Activities (1.2%) | ||||||||
| Capitaland Investment Ltd.(a) | 2,595,100 | 6,658,691 | ||||||
| Industrial REITs (2.0%) | ||||||||
| Daiwa House Logistics Trust(a), REIT | 10,717,600 | 6,386,371 | ||||||
| Mapletree Logistics Trust | 3,710,617 | 4,669,893 | ||||||
| 11,056,264 | ||||||||
| Real Estate Operating Companies (0.7%) | ||||||||
| Ascendas India Trust, UNIT | 4,333,000 | 4,181,724 | ||||||
| Retail REITs (0.9%) | ||||||||
| CapitaLand Integrated Commercial Trust | 3,485,100 | 5,024,454 | ||||||
| Total Singapore | 26,921,133 | |||||||
| SOUTH KOREA (0.9%) | ||||||||
| Specialized REITs (0.9%) | ||||||||
| ESR Kendall Square REIT Co. Ltd. | 1,000,680 | 4,841,397 | ||||||
| SPAIN (0.6%) | ||||||||
| Office REITs (0.6%) | ||||||||
| Inmobiliaria Colonial Socimi SA | 404,421 | 3,571,216 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (continued)
January 31, 2022 (unaudited)
Aberdeen Global Premier Properties Fund
| SWEDEN (2.2%) | ||||||||
| Real Estate Operating Companies (2.2%) | ||||||||
| Castellum AB | 130,852 | $ | 3,082,055 | |||||
| Catena AB | 84,241 | 4,781,830 | ||||||
| Fabege AB | 307,183 | 4,583,132 | ||||||
| Total Sweden | 12,447,017 | |||||||
| UNITED KINGDOM (5.2%) | ||||||||
| Diversified REITs (1.7%) | ||||||||
| Land Securities Group PLC | 663,999 | 7,131,640 | ||||||
| LondonMetric Property PLC | 622,005 | 2,241,133 | ||||||
| 9,372,773 | ||||||||
| Health Care REITs (0.2%) | ||||||||
| Assura PLC | 1,342,348 | 1,214,121 | ||||||
| Homebuilding (0.2%) | ||||||||
| Bellway PLC | 34,191 | 1,315,639 | ||||||
| Industrial REITs (2.4%) | ||||||||
| Segro PLC | 778,113 | 13,717,938 | ||||||
| Specialized REITs (0.7%) | ||||||||
| Safestore Holdings PLC | 222,638 | 3,817,212 | ||||||
| Total United Kingdom | 29,437,683 | |||||||
| UNITED STATES (68.3%) | ||||||||
| Health Care REITs (5.9%) | ||||||||
| Medical Properties Trust, Inc.(c) | 243,852 | 5,550,071 | ||||||
| Omega Healthcare Investors, Inc.(c) | 116,303 | 3,661,218 | ||||||
| Ventas, Inc.(c) | 110,487 | 5,858,021 | ||||||
| Welltower, Inc.(c) | 205,985 | 17,844,481 | ||||||
| 32,913,791 | ||||||||
| Hotel & Resort REITs (1.4%) | ||||||||
| DiamondRock Hospitality Co.(a)(c) | 224,781 | 2,101,702 | ||||||
| Host Hotels & Resorts, Inc.(a)(c) | 330,376 | 5,728,720 | ||||||
| 7,830,422 | ||||||||
| Industrial REITs (12.0%) | ||||||||
| Duke Realty Corp.(c) | 279,405 | 16,144,021 | ||||||
| Prologis, Inc.(c) | 326,297 | 51,169,896 | ||||||
| 67,313,917 | ||||||||
| Mortgage REITs (0.6%) | ||||||||
| Blackstone Mortgage Trust, Inc., Class A(c) | 113,240 | 3,558,001 | ||||||
| Office REITs (4.8%) | ||||||||
| Alexandria Real Estate Equities, Inc.(c) | 74,845 | 14,582,800 | ||||||
| Boston Properties, Inc.(c) | 79,569 | 8,918,093 | ||||||
| Highwoods Properties, Inc.(c) | 83,924 | 3,618,803 | ||||||
| 27,119,696 | ||||||||
| Residential REITs (20.3%) | ||||||||
| American Homes 4 Rent(c) | 93,894 | 3,674,072 | ||||||
| AvalonBay Communities, Inc.(c) | 87,888 | 21,464,886 | ||||||
| Camden Property Trust | 95,119 | 15,227,601 |
See accompanying Notes to Portfolio of Investments.
Statement of Investments (concluded)
January 31, 2022 (unaudited)
Aberdeen Global Premier Properties Fund
| Equity LifeStyle Properties, Inc.(c) | 170,984 | $ | 13,386,338 | |||||
| Equity Residential(c) | 212,799 | 18,881,655 | ||||||
| Essex Property Trust, Inc.(c) | 9,476 | 3,150,770 | ||||||
| Invitation Homes, Inc.(c) | 381,139 | 16,000,215 | ||||||
| Mid-America Apartment Communities, Inc. | 49,371 | 10,203,998 | ||||||
| Sun Communities, Inc.(c) | 64,055 | 12,103,833 | ||||||
| 114,093,368 | ||||||||
| Retail REITs (8.2%) | ||||||||
| Brixmor Property Group, Inc.(c) | 196,405 | 4,980,831 | ||||||
| Kimco Realty Corp.(c) | 179,990 | 4,366,557 | ||||||
| Realty Income Corp.(c) | 127,417 | 8,844,014 | ||||||
| Regency Centers Corp.(c) | 48,998 | 3,515,607 | ||||||
| Simon Property Group, Inc.(c) | 105,807 | 15,574,790 | ||||||
| SITE Centers Corp.(c) | 221,726 | 3,283,762 | ||||||
| Spirit Realty Capital, Inc. | 120,148 | 5,702,224 | ||||||
| 46,267,785 | ||||||||
| Specialized REITs (15.1%) | ||||||||
| American Tower Corp.(c) | 13,750 | 3,458,125 | ||||||
| Digital Realty Trust, Inc.(c) | 63,438 | 9,466,853 | ||||||
| Equinix, Inc.(c) | 25,661 | 18,601,659 | ||||||
| Extra Space Storage, Inc.(c) | 48,653 | 9,642,538 | ||||||
| Gaming and Leisure Properties, Inc.(c) | 156,163 | 7,055,444 | ||||||
| Public Storage(c) | 63,447 | 22,747,653 | ||||||
| SBA Communications Corp.(c) | 12,150 | 3,954,096 | ||||||
| VICI Properties, Inc.(c) | 346,650 | 9,921,123 | ||||||
| 84,847,491 | ||||||||
| Total United States | 383,944,471 | |||||||
| Total Common Stocks | 676,039,611 | |||||||
| Total Investments—120.3% (cost $558,472,090) | 676,039,611 | |||||||
| Liabilities in Excess of Other Assets—(20.3)% | (113,957,577 | ) | ||||||
| Net Assets—100.0% | $ | 562,082,034 |
| (a) | Non-income producing security. |
| (b) | Denotes a security issued under Regulation S or Rule 144A. |
| (c) | All or a portion of the security has been designated as collateral for the line of credit. |
| CVA | Dutch Certificate |
| PLC | Public Limited Company |
| REIT | Real Estate Investment Trust |
See accompanying Notes to Portfolio of Investments.
Notes to Portfolio of Investments (unaudited)
January 31, 2022
Summary of Significant Accounting Policies
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.
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 (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 the 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. 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.
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 Investment Company Act of 1940, and has an objective to maintain a $1.00 per share net asset value. 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.