Form NPORT-P abrdn ETFs For: Mar 31

  
    NPORT-P
    false
    
      
      
        
          0001597934
          XXXXXXXX
        
      
      
      
      
        S000056193
        C000176936
      
      
      
    
  
  
    
      abrdn ETFs
      811-22986
      0001597934
      54930044UD4VERB62W69
      712 FIFTH AVENUE
      49TH FLOOR
      NEW YORK
      
      10019
      844-383-7289
      abrdn Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF
      S000056193
      549300QSPU0RXYOLEO32
      2022-12-31
      2022-03-31
      N
    
    
      241902851.95
      113076.23
      241789775.72
      0.00000000
      49747174.44000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      0.00000000
      11768810.41000000
      
        
          USD
          
          
        
      
      
      
      N
      
        
          
        
        
          
            
            
            
            
              
              
              
            
          
        
        
        
        
      
      
      
      
      
      
    
    
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        -64.00000000
        NC
        USD
        -887948.49000000
        -0.36723988322
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Short
            
              
                LME Primary Aluminum Future
                LAK22 COMDTY
              
            
            2022-05-16
            -4691427.51000000
            USD
            -887948.49000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796U56
        
          
        
        20000000.00000000
        PA
        USD
        19908831.20000000
        8.233942539842
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-09-22
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796H44
        
          
        
        7700000.00000000
        PA
        USD
        7697536.00000000
        3.183565548658
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-05-19
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796J42
        
          
        
        3200000.00000000
        PA
        USD
        3197238.66000000
        1.322321694736
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-06-16
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796R43
        
          
        
        13500000.00000000
        PA
        USD
        13485552.84000000
        5.577387546616
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-06-23
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796M71
        
          
        
        8850000.00000000
        PA
        USD
        8814659.03000000
        3.645587992193
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-09-08
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Commodities Exchange Center
        N/A
        
        000000000
        
          
        
        101.00000000
        NC
        USD
        284797.30000000
        0.117787155867
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Commodities Exchange Center
              N/A
            
            Long
            
              
                COMEX Copper Future
                HGU2 COMDTY
              
            
            2022-09-28
            11716527.70000000
            USD
            284797.30000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        35.00000000
        NC
        USD
        793904.40000000
        0.328344901117
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Zinc Future
                LXK2 COMDTY
              
            
            2022-05-16
            2883283.10000000
            USD
            793904.40000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796R35
        
          
        
        17000000.00000000
        PA
        USD
        16987846.36000000
        7.025874567861
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-06-09
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        89.00000000
        NC
        USD
        -320725.73000000
        -0.13264652280
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                KCBT Hard Red Winter Wheat Future
                KWU2 COMDTY
              
            
            2022-09-14
            4883088.23000000
            USD
            -320725.73000000
          
        
        
          N
          N
          N
        
      
      
        ICE Futures Europe
        549300UF4R84F48NCH34
        
        000000000
        
          
        
        174.00000000
        NC
        USD
        1690337.62000000
        0.699093919487
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              ICE Futures Europe
              549300UF4R84F48NCH34
            
            Long
            
              
                ICE Brent Crude Oil Future
                COU2 COMDTY
              
            
            2022-07-29
            15610482.38000000
            USD
            1690337.62000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796T41
        
          
        
        8400000.00000000
        PA
        USD
        8373026.26000000
        3.462936443473
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-08-18
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796U64
        
          
        
        5000000.00000000
        PA
        USD
        4974779.40000000
        2.057481291417
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-09-29
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        -65.00000000
        NC
        USD
        -371932.90000000
        -0.15382490797
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Short
            
              
                LME Zinc Future
                LXN2 COMDTY
              
            
            2022-07-18
            -6406754.60000000
            USD
            -371932.90000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796R50
        
          
        
        1900000.00000000
        PA
        USD
        1897577.50000000
        0.784804690086
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-06-30
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        184.00000000
        NC
        USD
        -89771.68000000
        -0.03712798844
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT Soybean Oil Future
                BOZ2 COMDTY
              
            
            2022-12-14
            7104587.68000000
            USD
            -89771.68000000
          
        
        
          N
          N
          N
        
      
      
        New York Mercantile Exchange
        5493008GFNDTXFPHWI47
        
        000000000
        
          
        
        46.00000000
        NC
        USD
        -161366.62000000
        -0.06673839682
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              New York Mercantile Exchange
              5493008GFNDTXFPHWI47
            
            Long
            
              
                NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Futures
                XBU2 COMDTY
              
            
            2022-08-31
            5711036.62000000
            USD
            -161366.62000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        -18.00000000
        NC
        USD
        -1148264.88000000
        -0.47490216514
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Short
            
              
                LME Nickel Future
                LNK2 COMDTY
              
            
            2022-05-16
            -2317995.12000000
            USD
            -1148264.88000000
          
        
        
          N
          N
          N
        
      
      
        ICE Futures U.S., Inc.
        5493004R83R1LVX2IL36
        
        000000000
        
          
        
        64.00000000
        NC
        USD
        52989.97000000
        0.021915719902
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              ICE Futures U.S., Inc.
              5493004R83R1LVX2IL36
            
            Long
            
              
                NYBOT CSC C Coffee Future
                KCU2 COMDTY
              
            
            2022-09-20
            5363810.03000000
            USD
            52989.97000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        72.00000000
        NC
        USD
        354925.48000000
        0.146790938096
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Zinc Future
                LXU2 COMDTY
              
            
            2022-09-19
            7036774.52000000
            USD
            354925.48000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        -42.00000000
        NC
        USD
        777699.96000000
        0.321643029645
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Short
            
              
                LME Nickel Future
                LNN2 COMDTY
              
            
            2022-07-18
            -8869923.96000000
            USD
            777699.96000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796T58
        
          
        
        10000000.00000000
        PA
        USD
        9964784.30000000
        4.121259581935
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-08-25
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        171.00000000
        NC
        USD
        -481351.90000000
        -0.19907868253
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT Soybean Future
                S X2 COMDTY
              
            
            2022-11-14
            12626626.90000000
            USD
            -481351.90000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796G45
        
          
        
        500000.00000000
        PA
        USD
        499965.97000000
        0.206777134604
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-04-21
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796P45
        
          
        
        10200000.00000000
        PA
        USD
        10198326.18000000
        4.217848397282
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-05-05
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796Q44
        
          
        
        3300000.00000000
        PA
        USD
        3298152.92000000
        1.364058058360
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-06-02
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796N47
        
          
        
        1700000.00000000
        PA
        USD
        1699960.34000000
        0.703073707288
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-04-07
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796K57
        
          
        
        15500000.00000000
        PA
        USD
        15472872.06000000
        6.399307834222
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-07-14
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        ICE Futures U.S., Inc.
        5493004R83R1LVX2IL36
        
        000000000
        
          
        
        54.00000000
        NC
        USD
        232086.42000000
        0.095986862682
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              ICE Futures U.S., Inc.
              5493004R83R1LVX2IL36
            
            Long
            
              
                NYBOT CTN Number 2 Cotton Future
                CTZ2 COMDTY
              
            
            2022-12-07
            2772473.58000000
            USD
            232086.42000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        175.00000000
        NC
        USD
        -205935.69000000
        -0.08517138054
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT Soybean Meal Future
                SMZ2 COMDTY
              
            
            2022-12-14
            7407185.69000000
            USD
            -205935.69000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        379.00000000
        NC
        USD
        436278.42000000
        0.180437083702
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT Corn Future
                C U2 COMDTY
              
            
            2022-09-14
            12757659.08000000
            USD
            436278.42000000
          
        
        
          N
          N
          N
        
      
      
        ICE Futures Europe
        549300UF4R84F48NCH34
        
        000000000
        
          
        
        77.00000000
        NC
        USD
        -212807.51000000
        -0.08801344447
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              ICE Futures Europe
              549300UF4R84F48NCH34
            
            Long
            
              
                ICE Gas Oil Future
                QSU2 COMDTY
              
            
            2022-09-12
            7119707.51000000
            USD
            -212807.51000000
          
        
        
          N
          N
          N
        
      
      
        ICE Futures U.S., Inc.
        5493004R83R1LVX2IL36
        
        000000000
        
          
        
        281.00000000
        NC
        USD
        37625.43000000
        0.015561216303
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              ICE Futures U.S., Inc.
              5493004R83R1LVX2IL36
            
            Long
            
              
                NYBOT CSC Number 11 World Sugar Future
                SBV2 COMDTY
              
            
            2022-09-30
            6049059.37000000
            USD
            37625.43000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        
        000000000
        
          
        
        108.00000000
        NC
        USD
        233030.80000000
        0.096377441645
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                CME Lean Hogs Future
                LHQ2 COMDTY
              
            
            2022-08-12
            4884009.20000000
            USD
            233030.80000000
          
        
        
          N
          N
          N
        
      
      
        Commodities Exchange Center
        N/A
        
        000000000
        
          
        
        87.00000000
        NC
        USD
        -371207.44000000
        -0.15352487047
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Commodities Exchange Center
              N/A
            
            Long
            
              
                COMEX Silver Future
                SIU2 COMDTY
              
            
            2022-09-28
            11370182.44000000
            USD
            -371207.44000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        -105.00000000
        NC
        USD
        -50074.30000000
        -0.02070985005
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Short
            
              
                LME Primary Aluminum Future
                LAN22 COMDTY
              
            
            2022-07-18
            -9119050.70000000
            USD
            -50074.30000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        64.00000000
        NC
        USD
        1346050.76000000
        0.556702927570
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Primary Aluminum Future
                LAK22 COMDTY
              
            
            2022-05-16
            4233325.24000000
            USD
            1346050.76000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        -35.00000000
        NC
        USD
        -605564.35000000
        -0.25045076790
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Short
            
              
                LME Zinc Future
                LXK2 COMDTY
              
            
            2022-05-16
            -3071623.15000000
            USD
            -605564.35000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        18.00000000
        NC
        USD
        1346994.12000000
        0.557093084680
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Nickel Future
                LNK2 COMDTY
              
            
            2022-05-16
            2119265.88000000
            USD
            1346994.12000000
          
        
        
          N
          N
          N
        
      
      
        New York Mercantile Exchange
        5493008GFNDTXFPHWI47
        
        000000000
        
          
        
        208.00000000
        NC
        USD
        -623368.56000000
        -0.25781427611
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              New York Mercantile Exchange
              5493008GFNDTXFPHWI47
            
            Long
            
              
                NYMEX Light Sweet Crude Oil Future
                CLU2 COMDTY
              
            
            2022-08-22
            20033928.56000000
            USD
            -623368.56000000
          
        
        
          N
          N
          N
        
      
      
        Invesco
        5493007T1J7WZ5QI1A47
        
        825252885
        
          
        
        10497621.08000000
        NS
        USD
        10497621.08000000
        4.341631505608
        Long
        STIV
        RF
        US
        N
        
        1
        
          N
          N
          N
        
      
      
        Commodities Exchange Center
        N/A
        
        000000000
        
          
        
        172.00000000
        NC
        USD
        1470743.36000000
        0.608273594539
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Commodities Exchange Center
              N/A
            
            Long
            
              
                COMEX Gold 100 Troy Ounces Future
                GCQ2 COMDTY
              
            
            2022-08-29
            32232656.64000000
            USD
            1470743.36000000
          
        
        
          N
          N
          N
        
      
      
        New York Mercantile Exchange
        5493008GFNDTXFPHWI47
        
        000000000
        
          
        
        41.00000000
        NC
        USD
        -160355.91000000
        -0.06632038493
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              New York Mercantile Exchange
              5493008GFNDTXFPHWI47
            
            Long
            
              
                NYMEX NY Harbor ULSD Futures
                HOU2 COMDTY
              
            
            2022-08-31
            5309308.11000000
            USD
            -160355.91000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796S59
        
          
        
        3000000.00000000
        PA
        USD
        2992600.41000000
        1.237686912562
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-07-28
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796Q28
        
          
        
        3000000.00000000
        PA
        USD
        2999333.76000000
        1.240471707733
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-05-12
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        42.00000000
        NC
        USD
        2368253.28000000
        0.979467917097
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Nickel Future
                LNN2 COMDTY
              
            
            2022-07-18
            5723970.72000000
            USD
            2368253.28000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796Q36
        
          
        
        3300000.00000000
        PA
        USD
        3298638.75000000
        1.364258989106
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-05-26
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        105.00000000
        NC
        USD
        1046649.45000000
        0.432875809939
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Primary Aluminum Future
                LAN22 COMDTY
              
            
            2022-07-18
            8122475.55000000
            USD
            1046649.45000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796P37
        
          
        
        6700000.00000000
        PA
        USD
        6699345.48000000
        2.770731500143
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-04-28
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        Chicago Mercantile Exchange
        SNZ2OJLFK8MNNCLQOF39
        
        000000000
        
          
        
        133.00000000
        NC
        USD
        -55288.80000000
        -0.02286647557
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Mercantile Exchange
              SNZ2OJLFK8MNNCLQOF39
            
            Long
            
              
                CME Live Cattle Future
                LCQ2 COMDTY
              
            
            2022-08-31
            7400878.80000000
            USD
            -55288.80000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        45.00000000
        NC
        USD
        -921757.20000000
        -0.38122257124
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Nickel Future
                LNU2 COMDTY
              
            
            2022-09-19
            9587407.20000000
            USD
            -921757.20000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796S42
        
          
        
        5000000.00000000
        PA
        USD
        4989805.75000000
        2.063695925578
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-07-21
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        65.00000000
        NC
        USD
        954223.35000000
        0.394650000050
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Zinc Future
                LXN2 COMDTY
              
            
            2022-07-18
            5824464.15000000
            USD
            954223.35000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796P29
        
          
        
        3400000.00000000
        PA
        USD
        3399803.55000000
        1.406098971669
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-04-14
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        New York Mercantile Exchange
        5493008GFNDTXFPHWI47
        
        000000000
        
          
        
        444.00000000
        NC
        USD
        4010226.92000000
        1.658559344810
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              New York Mercantile Exchange
              5493008GFNDTXFPHWI47
            
            Long
            
              
                NYMEX Henry Hub Natural Gas Futures
                NGU22 Comdty
              
            
            2022-08-29
            21435413.08000000
            USD
            4010226.92000000
          
        
        
          N
          N
          N
        
      
      
        London Metal Exchange
        213800NB8G5VRT1DXC91
        
        000000000
        
          
        
        119.00000000
        NC
        USD
        38804.96000000
        0.016049049172
        N/A
        DCO
        
        GB
        N
        
        1
        
          
            
              London Metal Exchange
              213800NB8G5VRT1DXC91
            
            Long
            
              
                LME Primary Aluminum Future
                LAU22 COMDTY
              
            
            2022-09-19
            10329070.04000000
            USD
            38804.96000000
          
        
        
          N
          N
          N
        
      
      
        Chicago Board of Trade
        549300EX04Q2QBFQTQ27
        
        000000000
        
          
        
        156.00000000
        NC
        USD
        -544661.70000000
        -0.22526250267
        N/A
        DCO
        
        US
        N
        
        1
        
          
            
              Chicago Board of Trade
              549300EX04Q2QBFQTQ27
            
            Long
            
              
                CBOT Wheat Future
                W U2 COMDTY
              
            
            2022-09-14
            8258861.70000000
            USD
            -544661.70000000
          
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796T66
        
          
        
        26300000.00000000
        PA
        USD
        26198359.18000000
        10.83518072755
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-09-01
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796S67
        
          
        
        23500000.00000000
        PA
        USD
        23435252.57000000
        9.692408415622
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-08-04
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
      
        United States Treasury
        254900HROIFWPRGM1V77
        
        912796L64
        
          
        
        8900000.00000000
        PA
        USD
        8873050.27000000
        3.669737582401
        Long
        DBT
        UST
        US
        N
        
        2
        
          2022-08-11
          None
          0.00000000
          N
          N
          N
        
        
          N
          N
          N
        
      
    
    
      
    
    
      2022-04-29
      abrdn ETFs
      Andrea Melia
      Andrea Melia
      Treasurer
    
  
  XXXX

 

Consolidated Schedule of Portfolio Investments

 

abrdn Bloomberg All Commodity Strategy K-1 Free ETF

 

March 31, 2022 (Unaudited)

 

		Shares or Principal Amount (US$)				Value (US$)
SHORT-TERM INVESTMENTS (94.1%)
MONEY MARKET FUNDS (7.5%)
Invesco Government & Agency Portfolio, 0.03%(a)			79,387,985				79,387,985
Total Money Market Funds							79,387,985
U.S. TREASURIES (86.6%)
U.S. Treasury Bills
0.22%, 07/07/2022 (b)			33,000,000				32,949,415
0.05%, 04/07/2022 (b)			21,200,000				21,199,505
0.05%, 04/14/2022 (b)			19,200,000				19,198,891
0.05%, 04/21/2022 (b)(c)			40,500,000				40,497,244
0.06%, 04/28/2022 (b)(c)			90,800,000				90,791,130
0.07%, 05/05/2022 (b)			36,300,000				36,294,043
0.06%, 05/12/2022 (b)			57,000,000				56,987,341
0.06%, 05/19/2022 (b)			85,000,000				84,972,800
0.09%, 05/26/2022 (b)(c)			53,300,000				53,278,014
0.24%, 06/02/2022 (b)			69,000,000				68,961,379
0.26%, 06/09/2022 (b)			24,000,000				23,982,842
0.15%, 06/23/2022 (b)			5,500,000				5,494,114
0.35%, 06/30/2022 (b)(c)			60,000,000				59,923,500
0.22%, 07/14/2022 (b)			9,000,000				8,984,248
0.37%, 07/21/2022 (b)			7,000,000				6,985,728
0.41%, 07/28/2022 (b)			15,000,000				14,963,002
0.45%, 08/04/2022 (b)			26,000,000				25,928,365
0.61%, 08/11/2022 (b)(c)			53,000,000				52,839,513
0.64%, 08/18/2022 (b)			15,300,000				15,250,869
0.71%, 08/25/2022 (b)			13,000,000				12,954,220
0.65%, 09/01/2022 (b)(c)			97,000,000				96,625,127
0.69%, 09/08/2022 (b)			13,000,000				12,948,087
0.95%, 09/22/2022 (b)			20,500,000				20,406,552
1.00%, 09/29/2022 (b)			60,000,000				59,697,353
Total U.S. Treasuries							922,113,282
Total Short-Term Investments							1,001,501,267
Total Investments (Cost $1,001,853,343) —94.1%							1,001,501,267
Other Assets in Excess of Liabilities—5.9%							62,921,097
Net Assets—100.0%							1,064,422,364

 

(a)

The rate shown is the 7 day yield as of March 31, 2022.

(b)

The rate shown is the discount yield at the time of purchase.

(c)

All or a portion of the security pledged as collateral for Futures Contracts, with a total collateral value of $144,808,600.

 

USD

U.S. Dollar

 

See accompanying Notes to Consolidated Financial Statements.

 

 

Consolidated Schedule of Portfolio Investments (concluded)

 

abrdn Bloomberg All Commodity Strategy K-1 Free ETF

 

March 31, 2022 (Unaudited)

 

At March 31, 2022, the Fund held the following futures contracts:

 

Futures Contracts		Number of Contracts Long/(Short)				Expiration Date		Trading Currency		Notional Amount (US$)				Unrealized Appreciation/ (Depreciation) (US$)
Long Contract Positions
WTI Crude Oil			885			04/20/2022		USD		$	80,109,937			$	8,637,863
Natural Gas			1,884			04/27/2022		USD			79,216,784				27,078,496
NY Harbor ULSD			173			04/29/2022		USD			20,150,346				4,269,953
RBOB Gasoline			195			04/29/2022		USD			23,215,511				2,590,360
Sugar No. 11			1,192			04/29/2022		USD			23,971,979				2,047,951
Cotton No. 2			228			05/06/2022		USD			14,024,229				1,444,431
Low Sulphur Gasoil			327			05/12/2022		USD			26,520,775				6,440,825
Corn			1,609			05/13/2022		USD			52,915,326				7,321,611
KC HRW Wheat			376			05/13/2022		USD			16,125,123				3,234,177
Soybean			725			05/13/2022		USD			57,963,627				697,936
Soybean Meal			744			05/13/2022		USD			33,829,659				952,341
Soybean Oil			780			05/13/2022		USD			31,102,414				1,629,506
Wheat			663			05/13/2022		USD			27,804,746				5,544,154
LME Aluminum Base Metal(d)			509			05/16/2022		USD			41,424,304				2,949,171
LME Nickel Base Metal(d)			192			05/16/2022		USD			27,720,976				9,252,464
LME Zinc Base Metal(d)			307			05/16/2022		USD			28,206,683				4,047,504
Coffee ‘C’			273			05/18/2022		USD			25,330,217				(2,152,517	)
Copper			431			05/26/2022		USD			49,108,370				2,083,655
Silver			372			05/26/2022		USD			44,085,701				2,661,679
Brent Crude Oil			738			05/31/2022		USD			80,616,439				(4,801,699	)
Lean Hogs			460			06/14/2022		USD			21,125,637				1,069,363
100 oz Gold			729			06/28/2022		USD			146,156,801				(3,710,201	)
Live Cattle			566			06/30/2022		USD			30,300,428				744,672
LME Nickel Base Metal(d)			2			07/18/2022		USD			397,334				(11,990	)
															84,021,705
Short Contract Positions
LME Aluminum Base Metal(d)			(4	)		05/16/2022		USD		$	(348,694	)		$	(17	)
LME Nickel Base Metal(d)			(2	)		05/16/2022		USD			(383,794	)			(1,346	)
LME Zinc Base Metal(d)			(3	)		05/16/2022		USD			(315,175	)			(12	)
															(1,375	)
															84,020,330

 

(d)

London Metal Exchange (“LME”) futures contracts settle on their respective maturity date.

 

See accompanying Notes to Consolidated Financial Statements.

 

 

Consolidated Schedule of Portfolio Investments

 

abrdn Bloomberg All Commodity Longer Dated Strategy K‐1 Free ETF

 

March 31, 2022 (Unaudited)

 

		Shares or Principal Amount				Value (US$)
SHORT-TERM INVESTMENTS (90.9%)
MONEY MARKET FUNDS   (4.3%)
UNITED STATES (4.3%)
Invesco Government & Agency Portfolio, 0.03%(a)			10,497,621				10,497,621
Total Money Market Funds							10,497,621
U.S. TREASURIES (86.6%)
U.S. Treasury Bills
0.05%, 04/07/2022 (b)			1,700,000				1,699,960
0.05%, 04/14/2022 (b)			3,400,000				3,399,804
0.02%, 04/21/2022 (b)			500,000				499,966
0.06%, 04/28/2022 (b)(c)			6,700,000				6,699,346
0.14%, 05/05/2022 (b)			10,200,000				10,198,326
0.06%, 05/12/2022 (b)			3,000,000				2,999,334
0.06%, 05/19/2022 (b)			7,700,000				7,697,536
0.08%, 05/26/2022 (b)(c)			3,300,000				3,298,639
0.09%, 06/02/2022 (b)(c)			3,300,000				3,298,153
0.25%, 06/09/2022 (b)			17,000,000				16,987,846
0.12%, 06/16/2022 (b)			3,200,000				3,197,239
0.16%, 06/23/2022 (b)			13,500,000				13,485,553
0.20%, 06/30/2022 (b)(c)			1,900,000				1,897,578
0.27%, 07/14/2022 (b)(c)			15,500,000				15,472,872
0.36%, 07/21/2022 (b)			5,000,000				4,989,806
0.37%, 07/28/2022 (b)(c)			3,000,000				2,992,600
0.47%, 08/04/2022 (b)			23,500,000				23,435,253
0.66%, 08/11/2022 (b)			8,900,000				8,873,050
0.67%, 08/18/2022 (b)			8,400,000				8,373,026
0.69%, 08/25/2022 (b)			10,000,000				9,964,784
0.66%, 09/01/2022 (b)(c)			26,300,000				26,198,359
0.75%, 09/08/2022 (b)			8,850,000				8,814,659
0.95%, 09/22/2022 (b)			20,000,000				19,908,831
1.01%, 09/29/2022 (b)			5,000,000				4,974,779
							209,357,299
Total U.S. Treasuries							209,357,299
Total Short-Term Investments							219,854,920
Total Investments (Cost $219,976,392) —90.9%							219,854,920
Other Assets in Excess of Liabilities—9.1%							21,934,855
Net Assets—100.0%						$	241,789,775

 

(a)

The rate shown is the 7 day yield as of March 31, 2022.

(b)

The rate shown is the discount yield at the time of purchase.

(c)

All or a portion of the security pledged as collateral for Futures Contracts, with a total collateral value of $27,723,524.

 

USD

U.S. Dollar

 

See accompanying Notes to Consolidated Financial Statements.

 

 

Consolidated Schedule of Portfolio Investments

 

abrdn Bloomberg All Commodity Longer Dated Strategy K‐1 Free ETF

 

March 31, 2022 (Unaudited)

 

At March 31, 2022, the Fund held the following futures contracts:

 

Futures Contracts		Number of Contracts Long/(Short)				Expiration Date		Trading Currency		Notional Amount (US$)				Unrealized Appreciation/ (Depreciation) (US$)
Long Contract Positions
LME Aluminum Base Metal(d)			64			05/16/2022		USD		$	4,233,325			$	1,346,051
LME Nickel Base Metal(d)			18			05/16/2022		USD			2,119,266				1,346,994
LME Zinc Base Metal(d)			35			05/16/2022		USD			2,883,283				793,904
LME Aluminum Base Metal(d)			105			07/18/2022		USD			8,122,475				1,046,650
LME Nickel Base Metal(d)			42			07/18/2022		USD			5,723,971				2,368,253
LME Zinc Base Metal(d)			65			07/18/2022		USD			5,824,464				954,223
Brent Crude Oil			174			07/29/2022		USD			15,610,482				1,690,338
Lean Hogs			108			08/12/2022		USD			4,884,009				233,031
WTI Crude Oil			208			08/22/2022		USD			20,033,929				(623,368	)
100 oz Gold			172			08/29/2022		USD			32,232,657				1,470,743
Natural Gas			444			08/29/2022		USD			21,435,413				4,010,227
Live Cattle			133			08/31/2022		USD			7,400,879				(55,289	)
NY Harbor ULSD			41			08/31/2022		USD			5,309,308				(160,356	)
RBOB Gasoline			46			08/31/2022		USD			5,711,037				(161,367	)
Low Sulphur Gasoil			77			09/12/2022		USD			7,119,707				(212,807	)
Corn			379			09/14/2022		USD			12,757,659				436,278
KC HRW Wheat			89			09/14/2022		USD			4,883,088				(320,726	)
Wheat			156			09/14/2022		USD			8,258,862				(544,662	)
LME Aluminum Base Metal(d)			119			09/19/2022		USD			10,329,070				38,805
LME Nickel Base Metal(d)			45			09/19/2022		USD			9,587,407				(921,757	)
LME Zinc Base Metal(d)			72			09/19/2022		USD			7,036,774				354,926
Coffee ‘C’			64			09/20/2022		USD			5,363,810				52,990
Copper			101			09/28/2022		USD			11,716,528				284,797
Silver			87			09/28/2022		USD			11,370,182				(371,207	)
Sugar No. 11			281			09/30/2022		USD			6,049,059				37,626
Soybean			171			11/14/2022		USD			12,626,627				(481,352	)
Cotton			54			12/07/2022		USD			2,772,474				232,086
Soybean Meal			175			12/14/2022		USD			7,407,186				(205,936	)
Soybean Oil			184			12/14/2022		USD			7,104,588				(89,772	)
														$	12,549,323
Short Contract Positions
LME Aluminum Base Metal(d)			(64	)		05/16/2022		USD		$	(4,691,427	)		$	(887,949	)
LME Nickel Base Metal(d)			(18	)		05/16/2022		USD			(2,317,995	)			(1,148,265	)
LME Zinc Base Metal(d)			(35	)		05/16/2022		USD			(3,071,623	)			(605,564	)
LME Aluminum Base Metal(d)			(105	)		07/18/2022		USD			(9,119,051	)			(50,074	)
LME Nickel Base Metal(d)			(42	)		07/18/2022		USD			(8,869,924	)			777,700
LME Zinc Base Metal(d)			(65	)		07/18/2022		USD			(6,406,755	)			(371,933	)
														$	(2,286,085	)
														$	10,263,238

 

(d)

London Metal Exchange (“LME”) futures contracts settle on their respective maturity date.

 

See accompanying Notes to Consolidated Financial Statements.

 

 

Consolidated Schedule of Portfolio Investments

 

abrdn Bloomberg Industrial Metals Strategy K‐1 Free ETF

 

March 31, 2022 (Unaudited)

 

		Shares or Principal Amount				Value (US$)
SHORT-TERM INVESTMENTS (81.1%)
MONEY MARKET FUNDS (10.4%)
UNITED STATES (10.4%)
Invesco Government & Agency Portfolio, 0.03%(a)			4,122,204				4,122,204
Total Money Market Funds							4,122,204
U.S. TREASURIES (70.7%)
U.S. Treasury Bills
0.06%, 05/12/2022 (b)			600,000				599,867
0.50%, 06/23/2022 (b)			10,000,000				9,989,299
0.50%, 08/04/2022 (b)			1,000,000				997,245
0.70%, 08/18/2022 (b)			700,000				697,752
0.71%, 09/08/2022 (b)(c)			4,700,000				4,681,231
0.91%, 09/22/2022 (b)			11,000,000				10,949,857
							27,915,251
Total U.S. Treasuries							27,915,251
Total Short-Term Investments							32,037,455
Total Investments (Cost $32,043,258) —81.1%							32,037,455
Other Assets in Excess of Liabilities—18.9%							7,463,298
Net Assets—100.0%						$	39,500,753

 

(a)

The rate shown is the 7 day yield as of March 31, 2022.

(b)

The rate shown is the discount yield at the time of purchase.

(c)

All or a portion of the security pledged as collateral for Futures Contracts, with a total collateral value of $1,493,970.

 

USD

U.S. Dollar

 

At March 31, 2022, the Fund held the following futures contracts:

 

Futures Contracts		Number of Contracts Long/(Short)				Expiration Date		Trading Currency		Notional Amount (US$)				Unrealized Appreciation (US$)
Long Contract Positions
LME Aluminum Base Metal(d)			121			05/16/2022		USD			9,804,197			$	744,311
LME Nickel Base Metal(d)			46			05/16/2022		USD			6,895,349				1,962,871
LME Zinc Base Metal(d)			73			05/16/2022		USD			6,731,710				937,852
Copper			104			05/26/2022		USD			11,845,324				507,275
														$	4,152,309
														$	4,152,309

 

(d)

London Metal Exchange (“LME”) futures contracts settle on their respective maturity date.

 

See accompanying Notes to Consolidated Financial Statements.

 

 

Notes to Consolidated Financial Statements

 

March 31, 2022 (Unaudited)

 

1.       Summary of Significant Accounting Policies

 

The Funds’ consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States of America which may require management to make estimates and assumptions that affect the reported amounts and disclosures and disclosure of contingent assets and liabilities in the financial statements. Actual results could differ from those estimates. The Funds are investment companies and, accordingly, follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board Accounting Standards Codification Topic 946 – Investment Companies.

 

Investment Valuation:

 

The net asset value (“NAV”) of each Fund is calculated each day the national securities exchanges are open for trading as of the close of regular trading on the New York Stock Exchange Arca (“NYSE Arca” or the “Listing Exchange”), generally 4:00 p.m. Eastern Standard Time (the “NAV Calculation Time”).

 

NAV per share is calculated by dividing a Fund’s NAV by the number of Fund shares outstanding.

 

In calculating each Fund’s NAV, Fund investments generally are valued using market valuations. Short-term debt securities with remaining maturities of sixty (60) days or less when originally acquired are valued on the basis of amortized cost, which approximates fair value. U.S. fixed income assets may be valued as of the announced closing time for such securities on any day that the Securities Industry and Financial Markets Association announces an early closing time. The values of any assets or liabilities of a Fund that are denominated in a currency other than the U.S. dollar are converted into U.S. dollars using an exchange rate deemed appropriate by the Fund.

 

Investments in futures are valued at market value, which is generally determined using the last reported official closing price or last trading price on the exchange or market on which the futures contract is primarily traded at the time of valuation.

 

In certain instances, such as when reliable market quotations are not readily available or are not deemed to reflect current market values, the Funds’ investments will be valued in accordance with the Trust’s pricing policy and procedures as determined in good faith by the Trust’s Board of Trustees (the “Board”). The Board has by appropriate resolutions, designated the Fair Value Pricing Committee to make all necessary determinations of fair value of the portfolio securities for which market quotations are not readily available. Securities that may be valued using fair value pricing may include, but are not limited to, securities for which there are no current market quotations or whose issuer is in default or bankruptcy, securities subject to corporate actions (such as mergers or reorganizations), securities subject to non-U.S. investment limits or currency controls, and securities affected by “significant events.” An example of a significant event is an event occurring after the close of the market in which a security trades but before the Funds’ NAV Calculation Time that may materially affect the value of the Funds’ investment (e.g., government action, natural disaster, or significant market fluctuation). Price movements in U.S. markets that are deemed to affect the value of foreign securities, or reflect changes to the value of such securities, also may cause securities to be “fair valued.”

 

When fair value pricing is employed, the prices of securities used by a Fund to calculate its NAV may differ from quoted or published prices for the same securities.

 

Various inputs are used in determining the fair value of each Fund’s investments. These inputs are summarized in three levels listed below:

 

•	Level 1—Unadjusted quoted prices in active markets for identical assets on the measurement date that the Funds have the ability to access.
•	Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
•	Level 3—Significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments).

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term debt securities may be valued at amortized cost. Generally, amortized cost approximates the current fair value of a security, but since the valuation is not obtained from a quoted price in an active market, such securities are reflected as Level 2. For each of the Funds, there were no Level 3 investments held for the period ended September 30, 2021.

 

 

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