NPORT-EX 2 NPORT_ALPB_34602939_0122.htm

 

Statement of Investments

 

January 31, 2022 (unaudited)

Aberdeen Total Dynamic Dividend Fund

 

   Shares   Value 
LONG-TERM INVESTMENTS (98.4%)          
COMMON STOCKS (97.0%)          
AUSTRALIA (0.5%)          
Materials (0.5%)          
Rio Tinto PLC, ADR   77,700   $5,547,780 
BRAZIL (2.6%)          
Industrials (1.7%)          
CCR SA   7,875,038    19,279,391 
Materials (0.9%)          
Vale SA, ADR   703,000    10,671,540 
Total Brazil        29,950,931 
CANADA (2.4%)          
Energy (1.4%)          
Enbridge, Inc.(a)   392,100    16,574,067 
Materials (1.0%)          
Barrick Gold Corp.(a)   573,800    10,988,270 
Total Canada        27,562,337 
CHINA (3.3%)          
Communication Services (1.2%)          
Tencent Holdings Ltd.   220,200    13,798,233 
Consumer Discretionary (0.0%)          
JD.com, Inc., Class A(b)   10,485    397,396 
Financials (1.1%)          
Ping An Insurance Group Co. of China Ltd., H Shares   1,652,900    13,117,116 
Real Estate (1.0%)          
China Vanke Co. Ltd., H Shares   4,252,400    10,993,507 
Total China        38,306,252 
DENMARK (1.3%)          
Financials (1.3%)          
Tryg A/S   639,300    15,148,731 
FINLAND (1.8%)          
Financials (1.0%)          
Nordea Bank Abp   993,200    11,796,913 
Information Technology (0.8%)          
Nokia OYJ(b)   1,531,806    9,135,115 
Total Finland        20,932,028 
FRANCE (5.6%)          
Consumer Discretionary (1.0%)          
LVMH Moet Hennessy Louis Vuitton SE   14,600    11,992,107 

 

See accompanying Notes to Portfolio of Investments.

 

 

 

 

Statement of Investments (continued)

 

January 31, 2022 (unaudited)

Aberdeen Total Dynamic Dividend Fund

 

Consumer Staples (1.0%)          
Danone SA   178,200   $11,110,960 
Energy (1.3%)          
TOTAL SE, ADR(a)   265,600    15,086,080 
Health Care (1.3%)          
Sanofi   137,397    14,366,506 
Industrials (1.0%)          
Alstom SA   345,498    11,200,950 
Total France        63,756,603 
GERMANY (4.5%)          
Financials (1.1%)          
Deutsche Boerse AG   72,900    12,958,149 
Information Technology (1.1%)          
Infineon Technologies AG   300,300    12,470,781 
Materials (1.0%)          
Linde PLC(b)   35,700    11,353,315 
Utilities (1.3%)          
RWE AG   343,400    14,485,390 
Total Germany        51,267,635 
HONG KONG (0.8%)          
Financials (0.8%)          
Hong Kong Exchanges & Clearing Ltd.   169,200    9,657,207 
ITALY (1.1%)          
Utilities (1.1%)          
Enel SpA   1,552,700    11,950,507 
JAPAN (2.0%)          
Financials (0.9%)          
Mitsubishi UFJ Financial Group, Inc.   1,722,400    10,439,948 
Real Estate (1.1%)          
GLP J-REIT   7,600    12,233,052 
Total Japan        22,673,000 
NETHERLANDS (2.2%)          
Consumer Staples (1.2%)          
Heineken NV   131,900    14,145,832 
Information Technology (1.0%)          
ASML Holding NV   16,800    11,378,547 
Total Netherlands        25,524,379 
NORWAY (1.2%)          
Communication Services (1.2%)          
Telenor ASA   838,026    13,849,666 

 

See accompanying Notes to Portfolio of Investments.

 

 

 

 

Statement of Investments (continued)

 

January 31, 2022 (unaudited)

Aberdeen Total Dynamic Dividend Fund

 

SINGAPORE (1.2%)        
Financials (1.2%)        
Oversea-Chinese Banking Corp. Ltd.   1,426,971   $13,282,621 
SOUTH KOREA (1.1%)          
Materials (1.1%)          
LG Chem Ltd.   23,200    12,436,599 
SPAIN (2.1%)          
Communication Services (0.9%)          
Cellnex Telecom SA(c)   241,800    10,964,563 
Industrials (1.2%)          
Ferrovial SA   486,723    13,525,330 
Total Spain        24,489,893 
SWEDEN (0.5%)          
Industrials (0.5%)          
Atlas Copco AB, A Shares   101,100    5,983,709 
SWITZERLAND (3.8%)          
Consumer Staples (1.1%)          
Nestle SA   100,300    12,952,570 
Financials (1.4%)          
Zurich Insurance Group AG   32,600    15,592,848 
Health Care (1.3%)          
Roche Holding AG   38,000    14,705,968 
Total Switzerland        43,251,386 
TAIWAN (1.5%)          
Information Technology (1.5%)          
Taiwan Semiconductor Manufacturing Co. Ltd.   752,000    17,387,734 
UNITED KINGDOM (4.1%)          
Communication Services (1.3%)          
Vodafone Group PLC, ADR   877,600    15,366,776 
Consumer Staples (0.5%)          
Unilever PLC   110,400    5,638,929 
Energy (0.1%)          
Capricorn Energy PLC(b)   444,855    1,240,276 
Health Care (1.3%)          
AstraZeneca PLC, ADR   252,200    14,680,562 
Industrials (0.9%)          
Melrose Industries PLC   4,873,410    9,927,213 
Total United Kingdom        46,853,756 
UNITED STATES (53.4%)          
Communication Services (2.1%)          
Alphabet, Inc., Class C(a)(b)   7,950    21,576,062 

 

See accompanying Notes to Portfolio of Investments.

 

 

 

 

Statement of Investments (continued)

 

January 31, 2022 (unaudited)

Aberdeen Total Dynamic Dividend Fund

 

Cineworld Group PLC(b)   3,865,000   $2,076,553 
         23,652,615 
Consumer Discretionary (8.1%)          
Aptiv PLC(a)(b)   91,100    12,442,438 
Genuine Parts Co.   102,500    13,656,075 
Hanesbrands, Inc.   545,700    8,785,770 
Las Vegas Sands Corp.(b)   294,500    12,899,100 
Lowe's Cos., Inc.(a)   68,000    16,139,800 
Target Corp.(a)   67,300    14,834,939 
TJX Cos., Inc. (The)(a)   202,600    14,581,122 
         93,339,244 
Consumer Staples (3.6%)          
Coca-Cola Co. (The)   264,800    16,155,448 
Kraft Heinz Co. (The)(a)   278,300    9,963,140 
Mondelez International, Inc., Class A(a)   227,500    15,249,325 
         41,367,913 
Energy (1.3%)          
Williams Cos., Inc. (The)   512,300    15,338,262 
Financials (6.9%)          
Bank of America Corp.(a)   338,800    15,632,232 
Blackstone, Inc., Class A   110,000    14,516,700 
Goldman Sachs Group, Inc. (The)   34,800    12,342,864 
Huntington Bancshares, Inc.(a)   820,200    12,352,212 
Intercontinental Exchange, Inc.   104,000    13,172,640 
JPMorgan Chase & Co.   77,300    11,486,780 
         79,503,428 
Health Care (8.0%)          
AbbVie, Inc.   137,704    18,850,300 
Baxter International, Inc.   157,300    13,439,712 
Bristol-Myers Squibb Co.(a)   255,400    16,572,906 
CVS Health Corp.   55,800    5,943,258 
Eli Lilly & Co.   53,100    13,030,209 
Medtronic PLC(a)   118,900    12,304,961 
UnitedHealth Group, Inc.(a)   24,900    11,766,993 
         91,908,339 
Industrials (4.2%)          
FedEx Corp.(a)   54,600    13,423,956 
Norfolk Southern Corp.(a)   39,400    10,716,406 
Schneider Electric SE   80,800    13,687,141 
Stanley Black & Decker, Inc.   61,200    10,688,580 
         48,516,083 
Information Technology (12.6%)          
Analog Devices, Inc.   68,600    11,248,342 
Apple, Inc.(a)   230,900    40,356,702 
Avast PLC(c)   1,566,200    12,916,332 
Broadcom, Inc.(a)   36,500    21,384,620 
Cisco Systems, Inc.(a)   245,300    13,655,851 
Fidelity National Information Services, Inc.   141,700    16,992,664 

 

See accompanying Notes to Portfolio of Investments.

 

 

 

 

Statement of Investments (continued)

 

January 31, 2022 (unaudited)

Aberdeen Total Dynamic Dividend Fund

 

Microsoft Corp.(a)   87,700   $27,272,946 
         143,827,457 
Materials (0.5%)          
Air Products and Chemicals, Inc.   19,300    5,444,916 
Real Estate (1.8%)          
American Tower Corp., REIT   40,800    10,261,200 
Gaming and Leisure Properties, Inc., REIT   233,900    10,567,602 
         20,828,802 
Utilities (4.3%)          
Clearway Energy, Inc., Class C(a)   300,000    10,104,000 
CMS Energy Corp.(a)   201,500    12,972,570 
FirstEnergy Corp.(a)   272,200    11,421,512 
NextEra Energy, Inc.(a)   185,000    14,452,200 
         48,950,282 
Total United States        612,677,341 
Total Common Stocks        1,112,490,095 
PREFERRED STOCKS (1.4%)          
SOUTH KOREA (1.4%)          
Information Technology (1.4%)          
Samsung Electronics Co. Ltd.   288,800    16,244,208 
Total Preferred Stocks        16,244,208 
Total Long-Term Investments—98.4% (cost $845,671,561)        1,128,734,303 
SHORT-TERM INVESTMENT—1.5%     
UNITED STATES (1.5%)     
16,986,168   State Street Institutional U.S. Government Money Market Fund, Premier Class, 0.03%(d)   16,986,168 
    Total Short-Term Investment—1.5% (cost $16,986,168)   16,986,168 
    Total Investments—99.9% (cost $862,657,729)   1,145,720,471 
    Other Assets in Excess of Liabilities—0.1%   1,063,782 
    Net Assets—100.0%  $1,146,784,253 

 

(a) All or a portion of the security has been designated as collateral for the line of credit.
(b) Non-income producing security.
(c) Denotes a security issued under Regulation S or Rule 144A.
(d) Registered investment company advised by State Street Global Advisors. The rate shown is the 7 day yield as of January 31, 2022.
 
ADR American Depositary Receipt
PLC Public Limited Company
REIT Real Estate Investment Trust

 

See accompanying Notes to Portfolio of Investments.

 

 

 

 

Statement of Investments (concluded)

 

January 31, 2022 (unaudited)

Aberdeen Total Dynamic Dividend Fund

 

At January 31, 2022, the Fund's open forward foreign currency exchange contracts were as follows:

 

Sale Contracts
Settlement Date*		  Counterparty  Amount
Purchased		   Amount
Sold		   Fair Value   Unrealized
Appreciation		 
United States Dollar/Euro                    
04/12/2022  Royal Bank of Canada  USD27,779,791   EUR24,500,000   $27,570,037   $209,754 

 

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.

 

Aberdeen Total Dynamic Dividend Fund