Exhibit 99.(d)(3)(a)

EXHIBIT A*

SUBADVISORY AGREEMENT AMONG

ABRDN INC., ABRDN FUNDS

AND ABRDN INVESTMENTS LIMITED

The Subadviser is entitled to the percentage of the advisory fee received after fee waivers and expense reimbursements, if any, by the Adviser for the relevant Fund as detailed below:

Funds of the Trust	Subadvisory Fees
abrdn Emerging Markets Fund		45	%
abrdn Emerging Markets ex-China Fund		90	%
abrdn Infrastructure Debt Fund		90	%
abrdn Emerging Markets Dividend Active ETF		90	%
abrdn International Small Cap Active ETF		90	%

 

*            Effective February 28, 2022.

[Signature Page to Exhibit A to Subadvisory Agreement among the Trust, abrdn Inc. and AAML]

TRUST:
ABRDN FUNDS
By:	/s/ Lucia Sitar
Name:	Lucia Sitar
Title:	Vice President
ADVISER:
ABRDN INC. (FORMERLY, ABERDEEN ASSET MANAGEMENT INC.)
By:	/s/ Lucia Sitar
Name:	Lucia Sitar
Title:	Vice President
SUB-ADVISER:
ABERDEEN ASSET MANAGERS LIMITED
By:	/s/ Fiona McGowan
Name:	Fiona McGowan
Title:	Authorised Signatory