0001752724-19-001647.txt : 20190114 0001752724-19-001647.hdr.sgml : 20190114 20190114135203 ACCESSION NUMBER: 0001752724-19-001647 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181031 FILED AS OF DATE: 20190114 DATE AS OF CHANGE: 20190114 EFFECTIVENESS DATE: 20190114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Aberdeen Funds CENTRAL INDEX KEY: 0001413594 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22132 FILM NUMBER: 19524714 BUSINESS ADDRESS: STREET 1: 1735 MARKET STREET STREET 2: 32ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 215-405-5700 MAIL ADDRESS: STREET 1: 1735 MARKET STREET STREET 2: 32ND FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 0001413594 S000020289 Aberdeen China Opportunities Fund 0001413594 S000020291 Aberdeen International Equity Fund 0001413594 S000020297 Aberdeen U.S. Small Cap Equity Fund (formerly Aberdeen Small Cap Fund) 0001413594 S000020303 Aberdeen Diversified Income Fund 0001413594 S000020304 Aberdeen Dynamic Allocation Fund 0001413594 S000020306 Aberdeen Diversified Alternatives Fund 0001413594 S000020309 Aberdeen Global Equity Fund 0001413594 S000020312 Aberdeen Focused U.S. Equity Fund (formerly Aberdeen Equity Long-Short Fund) 0001413594 S000020313 Aberdeen Tax-Free Income Fund 0001413594 S000025400 Aberdeen Asia Bond Fund 0001413594 S000025401 Aberdeen Global Unconstrained Fixed Income Fund (formerly, Aberdeen Global Fixed Income Fund) 0001413594 S000025402 Aberdeen International Small Cap Fund (formerly Aberdeen Global Small Cap Fund) 0001413594 S000026307 Aberdeen Emerging Markets Fund 0001413594 S000026901 Aberdeen Asia Pacific (ex-Japan) Equity Fund 0001413594 S000033658 Aberdeen U.S. Multi-Cap Equity Fund (formerly Aberdeen U.S. Equity Fund) 0001413594 S000038161 Aberdeen Emerging Markets Debt Fund 0001413594 S000051714 Aberdeen Japanese Equities Fund 0001413594 S000053020 Aberdeen U.S. Mid Cap Equity Fund 0001413594 S000061517 Aberdeen Dynamic Dividend Fund 0001413594 S000061518 Aberdeen Global Infrastructure Fund 0001413594 S000061519 Aberdeen High Yield Managed Duration Municipal Fund 0001413594 S000061520 Aberdeen International Real Estate Equity Fund 0001413594 S000061521 Aberdeen Realty Income & Growth Fund 0001413594 S000061522 Aberdeen Income Builder Fund 0001413594 S000061523 Aberdeen Ultra Short Municipal Income Fund N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 0001413594 XXXXXXXX 811-22132 false false false N-1A S000038161 true S000020291 true S000026307 true S000025402 true S000026901 true S000025401 true S000061519 true S000061523 true S000020289 true S000051714 true S000020312 true S000020306 true S000020297 true S000061517 true S000061520 true S000061521 true S000061522 true S000053020 true S000020304 true S000061518 true S000033658 true S000020313 true S000020309 true S000025400 true S000020303 true Aberdeen Funds 811-22132 0001413594 00000000000000000000 1735 MARKET STREET 32ND FLOOR PHILADELPHIA 19103 FR 215-405-5700 State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records. Y N N-1A 25 Y Neville J. Miles 000000000 N Steven N. Rappaport 000000000 N Martin Gilbert 000000000 Y P. Gerald Malone 000000000 N Rahn K. Porter 000000000 N Peter D. Sacks 000000000 N Warren C. Smith 000000000 N Jeffrey Cotton 004713561 1735 Market St. 32nd Floor Philadelphia 19103 XXXXXX N N N N N N Aberdeen Fund Distributors, LLC 8-67799 000146230 2138007O8Z7FY13LG555 Y N KPMG LLP 185 5493003PVCIGA21K0K42 N N N N N N Aberdeen Focused U.S. Equity Fund S000020312 54930081FWMLL4C52K88 Y 5 0 0 N/A N N Y N N BNP Paribas Securities Corp. RCNB6OTYUAMMP879YW96 N N N/A N/A 633.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Aberdeen Asset Management Inc. 801-49966 000111069 549300RU316J568TLL50 N Aberdeen Asset Managers Limited 801-75074 000162309 549300EI2QZDOKF0UR93 Y GB N DST Asset Manager Solutions, Inc. 84-00896 21B7QCD05XOK0YTYOP98 N N N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Bloomberg L.P. 549300B56MD0ZC402L06 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) State Street Bank and Trust Company (London, GB, Branch) 0000000000 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 21B7QCD05XOK0YTYOP98 N N N Aberdeen Asset Management Inc. 549300RU316J568TLL50 Y N N Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 ALPS Distributors, Inc. 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N/A 000016853 0000000000 0.00000000 Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 China International Capital Corporation Limited N/A 000000000 529900OS3SVVTT56QN67 CN 366646.71000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 241783.00000000 ITG Inc. 8-44218 000029299 549300S41SMIODVIT266 240716.16000000 Deutsche Bank Aktiengesellschaft N/A 000000000 7LTWFZYICNSX8D621K86 DE 170184.25000000 Chase Securities, Inc. N/A 000000000 00000000000000000000 291522.60000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 261300.89000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 271063.26000000 Macquarie Group Limited N/A 000000000 ACMHD8HWFMFUIQQ8Y590 AU 398435.92000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 315808.32000000 Credit Agricole SA 8-13753 000000190 969500TJ5KRTCJQWXH05 FR 182977.76000000 3359664.78000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 3293692802.00000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 7374100.35000000 3301066902.00000000 N 8067415440.56000000 N Aberdeen Dynamic Dividend Fund S000061517 2549009SIRB1CL9J3Q33 Y 2 0 0 N/A N N Y N BNP Paribas Securities Corp. RCNB6OTYUAMMP879YW96 N N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Aberdeen Asset Management Inc. 801-49966 000111069 549300RU316J568TLL50 N DST Asset Manager Solutions, Inc. 84-00896 21B7QCD05XOK0YTYOP98 N N N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N N Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13 HK N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) HSBC Bank Middle East Limited 549300F99IL9YJDWH369 AE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch) 2HI3YI5320L3RW6NJ957 AU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Credit Suisse (Schweiz) AG 549300CWR0W0BCS9Q144 CH N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Hongkong and Shanghai Banking Corporation Limited (Chuo ku, Tokyo, JP, Branch) 2HI3YI5320L3RW6NJ957 JP N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) BNP Paribas Securities Services (Athens, Attica, GR, Branch) 549300WCGB70D06XZS54 GR N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Bank Polska Kasa Opieki - Spolka Akcyjna 5493000LKS7B3UTF7H35 PL N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) State Street Bank and Trust Company (London, GB, Branch) 0000000000 GB N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Societa per Azioni 529900SS7ZWCX82U3W60 IT N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Bank Handlowy w Warszawie Spolka Akcyjna XLEZHWWOI4HFQDGL4793 PL N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank (Malaysia) Berhad 529900DLWFR8HK7DR278 MY N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Nordea Bank AB (Oslo, Oslo, NO, Branch) 0000000000 NO N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) 579100KKDGKCFFKKF005 BR N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch) 7LTWFZYICNSX8D621K86 PH N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Sisli, Istanbul, TR, Branch) 0000000000 TR N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch) 7LTWFZYICNSX8D621K86 NL N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Nordea Bank AB (publ) (Stockholm, Stockholm, SE, Branch) 6SCPQ280AIY8EP3XFW53 SE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Nordea Bank Danmark A/S 549300LX0YIEPRTY0Z32 DK N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Madrid, Madrid, ES, Branch) 529900SICIK5OVMVY186 ES N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Jakarta, Jakarta, ID, Branch) 7LTWFZYICNSX8D621K86 ID N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Bank Hapoalim B.M. B6ARUI4946ST4S7WOU88 IL N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Citibank, National Association (Singapore, SG, Branch) E57ODZWZ7FF32TWEFA76 SG N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) State Street Bank International GmbH ZMHGNT7ZPKZ3UFZ8EO46 DE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Mumbai, Maharashtra, IN, Branch) 7LTWFZYICNSX8D621K86 IN N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Vienna, Vienna, AT, Branch) 0000000000 AT N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Nordea Bank AB (publ) (Helsinki, Uusimaa, FI, Branch) 6SCPQ280AIY8EP3XFW53 FI N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch) 0000000000 KR N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch) 2HI3YI5320L3RW6NJ957 NZ N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Itau CorpBanca 549300DDPTTIZ06NIV06 CL N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) N DST Asset Manager Solutions, Inc. 21B7QCD05XOK0YTYOP98 N N N Aberdeen Asset Management Inc. 549300RU316J568TLL50 Y N N ALPS Distributors, Inc. N/A 000016853 0000000000 0.00000000 Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 18831.54000000 RBC Capital Markets Corporation N/A 000000000 00000000000000000000 FR 8836.77000000 Chase Securities, Inc. N/A 000000000 00000000000000000000 14215.06000000 Instinet, LLC 8-23669 000007897 549300MGMN3RKMU8FT57 6012.23000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 6509.15000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 33594.86000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 15661.22000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 4195.38000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 5328.83000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 18549.58000000 164685.18000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 11130034.16000000 HSBC Securities (USA) Inc. 8-41562 000019585 CYYGQCGNHMHPSMRL3R97 1122250.00000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 69914782.54000000 82167066.70000000 N 159770017.96000000 N Aberdeen China Opportunities Fund S000020289 549300K59CL5KE8LVF91 Y 5 0 0 N/A N N Y N N BNP Paribas Securities Corp. RCNB6OTYUAMMP879YW96 N N N/A 72666.00000000 1412.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Aberdeen Asset Management Inc. 801-49966 000111069 549300RU316J568TLL50 N Aberdeen Asset Managers Limited 801-75074 000162309 549300EI2QZDOKF0UR93 Y GB N DST Asset Manager Solutions, Inc. 84-00896 21B7QCD05XOK0YTYOP98 N N N Thomson Reuters Corporation 549300561UZND4C7B569 CA N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N Bloomberg L.P. 549300B56MD0ZC402L06 N N Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch) 0000000000 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Chuo ku, Tokyo, JP, Branch) 2HI3YI5320L3RW6NJ957 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Taipei City, TW, Branch) 25490016G0WR60ANOK04 TW N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank (Malaysia) Berhad 529900DLWFR8HK7DR278 MY N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Deutsche Bank Aktiengesellschaft (Jakarta, Jakarta, ID, Branch) 7LTWFZYICNSX8D621K86 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) HSBC Bank (China) Company Limited 2CZOJRADNJXBLT55G526 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch) 7LTWFZYICNSX8D621K86 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Singapore, SG, Branch) E57ODZWZ7FF32TWEFA76 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (London, GB, Branch) 0000000000 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch) 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank (China) Co., Ltd. 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N/A 000016853 0000000000 0.00000000 Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 0.00000000 Deutsche Bank Aktiengesellschaft N/A 000000000 7LTWFZYICNSX8D621K86 DE 1286122.85000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 1666528.63000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 1011839.14000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 716846.01000000 CIMB Group Holdings Berhad N/A 000000000 549300FYDN5UD7USZW18 MY 333972.34000000 Chase Securities, Inc. 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RCNB6OTYUAMMP879YW96 N N N/A 9104427.25000000 11523.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Aberdeen Asset Management Inc. 801-49966 000111069 549300RU316J568TLL50 N Aberdeen Asset Managers Limited 801-75074 000162309 549300EI2QZDOKF0UR93 Y GB N DST Asset Manager Solutions, Inc. 84-00896 21B7QCD05XOK0YTYOP98 N N N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Thomson Reuters Corporation 549300561UZND4C7B569 CA N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N Bloomberg L.P. 549300B56MD0ZC402L06 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N N Standard Chartered Bank (Hong Kong) Limited X5AV1MBDXGRPX5UGMX13 HK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Jakarta, Jakarta, ID, Branch) 7LTWFZYICNSX8D621K86 ID N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch) 0000000000 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) BNP Paribas Securities Services (Athens, Attica, GR, Branch) 549300WCGB70D06XZS54 GR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) The Hongkong and Shanghai Banking Corporation Limited (Chuo ku, Tokyo, JP, Branch) 2HI3YI5320L3RW6NJ957 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch) 2HI3YI5320L3RW6NJ957 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Societa per Azioni 529900SS7ZWCX82U3W60 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (London, GB, Branch) 0000000000 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Colombo, Western, LK, Branch) 0000000000 LK N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch) 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank Egypt S.A.E 2138001Q77JDLESS4Y50 EG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Bank Hapoalim B.M. 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N/A 000016853 0000000000 0.00000000 Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 Liquidnet, Inc. 8-52461 000103987 213800HSKBBO1GCVRG79 4739.22000000 Societe Generale N/A 000000000 O2RNE8IBXP4R0TD8PU41 FR 11326.63000000 Macquarie Group Limited N/A 000000000 ACMHD8HWFMFUIQQ8Y590 AU 5527.04000000 Instinet, LLC 8-23669 000007897 549300MGMN3RKMU8FT57 4155.85000000 RBC Capital Markets Corporation N/A 000000000 00000000000000000000 FR 9217.38000000 Morgan Stanley & Co. 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RCNB6OTYUAMMP879YW96 N N N/A 1323571.12000000 12126.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Aberdeen Asset Management Inc. 801-49966 000111069 549300RU316J568TLL50 N Aberdeen Asset Managers Limited 801-75074 000162309 549300EI2QZDOKF0UR93 Y GB N DST Asset Manager Solutions, Inc. 84-00896 21B7QCD05XOK0YTYOP98 N N N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Bloomberg L.P. 549300B56MD0ZC402L06 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N DST Asset Manager Solutions, Inc. 21B7QCD05XOK0YTYOP98 N N N Aberdeen Asset Management Inc. 549300RU316J568TLL50 Y N N ALPS Distributors, Inc. N/A 000016853 0000000000 0.00000000 Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 William Blair & Company, L.L.C. 8-2698 000001252 549300J0P7XYE8BMZ775 1497.85000000 RBC Capital Markets Corporation N/A 000000000 00000000000000000000 FR 158.54000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 3740.32000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 199.85000000 5596.56000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 16178972.95000000 16178972.95000000 N 16943974.80000000 N Aberdeen Dynamic Allocation Fund S000020304 54930018ODHLO31BCS78 Y 5 0 0 N/A Y N Y N N BNP Paribas Securities Corp. RCNB6OTYUAMMP879YW96 N N N/A 623679.84000000 5302.00000000 Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N Aberdeen Asset Management Inc. 801-49966 000111069 549300RU316J568TLL50 N Aberdeen Asset Managers Limited 801-75074 000162309 549300EI2QZDOKF0UR93 Y GB N DST Asset Manager Solutions, Inc. 84-00896 21B7QCD05XOK0YTYOP98 N N N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Thomson Reuters Corporation 549300561UZND4C7B569 CA N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 5493000NQ9LYLDBCTL34 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N DST Asset Manager Solutions, Inc. 21B7QCD05XOK0YTYOP98 N N N Aberdeen Asset Management Inc. 549300RU316J568TLL50 Y N N ALPS Distributors, Inc. N/A 000016853 0000000000 0.00000000 Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 24.40000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 63.54000000 RBC Capital Markets Corporation N/A 000000000 00000000000000000000 FR 318.19000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 1785.41000000 ITG Inc. 8-44218 000029299 549300S41SMIODVIT266 4.71000000 Liquidnet, Inc. 8-52461 000103987 213800HSKBBO1GCVRG79 21.36000000 Chase Securities, Inc. N/A 000000000 00000000000000000000 269.38000000 Sanford C. 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N/A 000016853 0000000000 0.00000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 376.91000000 Societe Generale N/A 000000000 O2RNE8IBXP4R0TD8PU41 FR 202.23000000 Macquarie Group Limited N/A 000000000 ACMHD8HWFMFUIQQ8Y590 AU 405.80000000 ITG Inc. 8-44218 000029299 549300S41SMIODVIT266 395.74000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 447.49000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 192.47000000 Credit Agricole SA 8-13753 000000190 969500TJ5KRTCJQWXH05 FR 862.37000000 China International Capital Corporation Limited N/A 000000000 529900OS3SVVTT56QN67 CN 726.17000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 2312.45000000 Deutsche Bank Aktiengesellschaft N/A 000000000 7LTWFZYICNSX8D621K86 DE 190.69000000 6747.48000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 22261514.61000000 22261514.61000000 N 10614495.43000000 N Aberdeen Realty Income & Growth Fund S000061521 254900YH99OP8UACHG55 Y 2 0 0 N/A N N Y N N BNP Paribas Securities Corp. 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LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 12840116.00000000 Wells Fargo Brokerage Services, LLC 8-33283 000016100 00000000000000000000 141440000.00000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 10889981.45000000 400756019.80000000 N 224436419.66000000 N Aberdeen International Real Estate Equity Fund S000061520 2549009VPPOEP9L2XB15 Y 2 0 0 N/A N N Y N N BNP Paribas Securities Corp. 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Q5BP2UEQ48R75BOTCB92 CZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Itau CorpBanca 549300DDPTTIZ06NIV06 CL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Jongno-gu, Seoul, KR, Branch) 0000000000 KR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Credit Suisse Funds AG 549300UY5YPGQ600JV78 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank (China) Company Limited 2CZOJRADNJXBLT55G526 CN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Clearstream Banking S.A. 549300OL514RA0SXJJ44 LU N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Bank Polska Kasa Opieki - Spolka Akcyjna 5493000LKS7B3UTF7H35 PL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Makati City, Metro Manila, PH, Branch) 7LTWFZYICNSX8D621K86 PH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Sydney, NSW, AU, Branch) 2HI3YI5320L3RW6NJ957 AU N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Sao Paulo, Sao Paulo, BR, Branch) 579100KKDGKCFFKKF005 BR N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Chuo ku, Tokyo, JP, Branch) 2HI3YI5320L3RW6NJ957 JP N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Banco Nacional de Mexico, S.A., Integrante del Grupo Financiero Banamex 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Ngan Hang Trach Nhiem Huu Han Mot Thanh Vien HSBC (Viet Nam) 213800H95OG9OHRT4Y78 VN N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Citibank, National Association (Singapore, SG, Branch) E57ODZWZ7FF32TWEFA76 SG N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch) 7LTWFZYICNSX8D621K86 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (London, GB, Branch) 0000000000 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) The Hongkong and Shanghai Banking Corporation Limited (Auckland, Auckland, NZ, Branch) 2HI3YI5320L3RW6NJ957 NZ N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) HSBC Bank Middle East Limited (Doha, Ad Dawhah, QA, Branch) 549300F99IL9YJDWH369 QA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Standard Chartered Bank (Thai) Public Company Limited 549300O1LQYCQ7G1IM57 TH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) FirstRand Bank Limited ZAYQDKTCATIXF9OQY690 ZA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N DST Asset Manager Solutions, Inc. 21B7QCD05XOK0YTYOP98 N N N Aberdeen Asset Management Inc. 549300RU316J568TLL50 Y N N Aberdeen Fund Distributors, LLC N/A 000146230 2138007O8Z7FY13LG555 0.00000000 ALPS Distributors, Inc. N/A 000016853 0000000000 0.00000000 Societe Generale N/A 000000000 O2RNE8IBXP4R0TD8PU41 FR 1984.02000000 BTG Pactual Chile S.A. Corredores de Bolsa N/A 000000000 549300OOI2GKV3PJY748 CL 1990.10000000 The Bank of Nova Scotia 8-3716 000002739 L3I9ZG2KFGXZ61BMYR72 CA 867.30000000 ITG Inc. 8-44218 000029299 549300S41SMIODVIT266 969.99000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 841.99000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 1619.60000000 Chase Securities, Inc. N/A 000000000 00000000000000000000 2223.72000000 Investec Securities (Pty) Ltd N/A 000000000 378900CEE329BEA35C22 ZA 1098.16000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 2434.07000000 Bank Of America Merrill Lynch Securities Inc N/A 000000000 00000000000000000000 2448.73000000 21210.40000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 36692005.77000000 36692005.77000000 N 76926207.02000000 N true INTERNAL CONTROL RPT 2 NCEN_4628655050529557.txt Report of Independent Registered Public Accounting Firm To the Shareholders and Board of Trustees of Aberdeen Funds: In planning and performing our audits of the financial statements of Aberdeen Asia Bond Fund, Aberdeen Asia Pacific (ex-Japan) Equity Fund, Aberdeen China Opportunities Fund, Aberdeen Diversified Alternatives Fund, Aberdeen Diversified Income Fund, Aberdeen Dynamic Allocation Fund, Aberdeen Dynamic Dividend Fund, Aberdeen Emerging Markets Fund, Aberdeen Emerging Markets Debt Fund, Aberdeen Focused U.S. Equity Fund, Aberdeen Global Equity Fund, Aberdeen Global Infrastructure Fund, Aberdeen Global Unconstrained Fixed Income Fund, Aberdeen High Yield Managed Duration Municipal Fund, Aberdeen Income Builder Fund, Aberdeen International Equity Fund, Aberdeen International Real Estate Equity Fund, Aberdeen International Small Cap Fund, Aberdeen Japanese Equities Fund, Aberdeen Realty Income & Growth Fund, Aberdeen Tax-Free Income Fund, Aberdeen Ultra Short Municipal Income Fund, Aberdeen U.S. Mid Cap Equity Fund, Aberdeen U.S. Multi-Cap Equity Fund, and Aberdeen U.S. Small Cap Equity Fund, twenty-five of the funds comprising Aberdeen Funds (the "Funds") as of and for the year ended October 31, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Funds' internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion. Management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and trustees of the Funds; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company's assets that could have a material effect on the financial statements. Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with policies or procedures may deteriorate. A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds' annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds' internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities that we consider to be a material weakness as defined above as of October 31, 2018. This report is intended solely for the information and use of management and the Board of Trustees of Aberdeen Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP Philadelphia, Pennsylvania December 27, 2018 Information Classification: Limited Access Information Classification: Limited Access