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        <name>DH EUROPE FINANCE II</name>
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        <isRestrictedSec>N</isRestrictedSec>

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        <name>AbbVie Inc</name>
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        <name>Ventas Inc</name>
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        <name>AstraZeneca PLC</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Thermo Fisher Scientific Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ROCHE HOLDINGS INC</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMGEN INC</name>
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        <title>Amgen Inc</title>
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        <fairValLevel>2</fairValLevel>
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        <name>IO LIGHT HOLDINIGS, INC.</name>
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        <name>Goldman Sachs International</name>
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        <name>CRYSTALYS THERAPEUTICS SER A</name>
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        <fairValLevel>3</fairValLevel>
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        <name>SANOFI SA</name>
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        <fairValLevel>2</fairValLevel>
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        <name>AMOLYT MILESTONE</name>
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        <fairValLevel>3</fairValLevel>
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        <name>AbbVie Inc</name>
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        <name>Universal Health Realty Income Trust</name>
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        <name>IQVIA Inc</name>
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        <name>Medtronic PLC</name>
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        <name>IMMUNIC INC.</name>
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        <name>Oxford Biomedica PLC</name>
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        <name>Ascendis Pharma A/S</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Zoetis Inc</name>
        <lei>549300HD9Q1LOC9KLJ48</lei>
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        <name>Options Clearing Corp.</name>
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        <name>RADIANT BIOTHERAPEUTICS INC.</name>
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      <invstOrSec>
        <name>AstraZeneca PLC</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>Options Clearing Corp.</name>
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        <fairValLevel>1</fairValLevel>
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                <issuerName>Argenx SE</issuerName>
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      <invstOrSec>
        <name>LivaNova PLC</name>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>LTC Properties Inc</name>
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        <fairValLevel>1</fairValLevel>
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      <invstOrSec>
        <name>ENDEAVOR BIOMEDICINES INC.</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Abivax SA</name>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ALPHA 9 ONCOLOGY</name>
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        <fairValLevel>3</fairValLevel>
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      <invstOrSec>
        <name>Royal Bank of Canada</name>
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      <invstOrSec>
        <name>Perrigo Co PLC</name>
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        <invCountry>IE</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Sabra Health Care REIT Inc</name>
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      <invstOrSec>
        <name>Roche Holding AG</name>
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        <title>Roche Holding AG</title>
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        <invCountry>CH</invCountry>

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        <fairValLevel>1</fairValLevel>
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        <name>Immatics NV</name>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Oculis Holding AG</name>
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        <invCountry>CH</invCountry>
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        <fairValLevel>1</fairValLevel>
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        <name>Community Healthcare Trust Inc</name>
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        <name>Intuitive Surgical Inc</name>
        <lei>54930052SRG011710797</lei>
        <title>Intuitive Surgical Inc</title>
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        <fairValLevel>1</fairValLevel>
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        <name>National Health Investors Inc</name>
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        <name>Amgen Inc</name>
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        <title>Amgen Inc</title>
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        <name>Sanofi SA</name>
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        <title>Sanofi SA</title>
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        <fairValLevel>1</fairValLevel>
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        <name>ENDEAVOR BIOMEDICINES, INC.</name>
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        <name>Pfizer Inc</name>
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        <name>Johnson &amp; Johnson</name>
        <lei>549300G0CFPGEF6X2043</lei>
        <title>Johnson &amp; Johnson</title>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>ESC CB144A MALLINCKROD</name>
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      <invstOrSec>
        <name>ATALANTA THERAPEUTICS</name>
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      <invstOrSec>
        <name>Abbott Laboratories</name>
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        <name>Lonza Group AG</name>
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        <name>ENGRAIL THERAPEUTICS INC. SERI</name>
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        <fairValLevel>3</fairValLevel>
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        <name>CSL Ltd</name>
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        <name>Dexcom Inc</name>
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        <name>Johnson &amp; Johnson</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Pfizer Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Ardelyx Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>Molina Healthcare Inc</name>
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        <fairValLevel>1</fairValLevel>
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        <name>UNITEDHEALTH GROUP INC</name>
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        <name>Medtronic Inc</name>
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        <name>Goldman Sachs International</name>
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        <name>Argenx SE</name>
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        <name>BRISTOL-MYERS SQUIBB CO</name>
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        <name>Abbott Laboratories</name>
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        <name>Veradigm Inc</name>
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        <name>BioMerieux</name>
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        <name>FLAMINGO THERAPEUTICS INC</name>
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        <name>Bayer AG</name>
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        <name>Options Clearing Corp.</name>
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        <name>ESC CB144A PAR PHARMAC</name>
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        <name>HCA Healthcare Inc</name>
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        <name>McKesson Corp</name>
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        <name>Humana Inc</name>
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        <name>PRIOTHERA LIMITED</name>
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        <name>Royal Bank of Canada</name>
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        <name>Danaher Corp</name>
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        <name>Options Clearing Corp.</name>
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        <name>SHIRE ACQ INV IRELAND DA</name>
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        <name>UnitedHealth Group Inc</name>
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        <name>Sandoz Group AG</name>
        <lei>5493000JWK6XWFEUD320</lei>
        <title>Sandoz Group AG</title>
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        <balance>7614.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>416219.31000000</valUSD>
        <pctVal>0.100966877423</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>CH</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Teva Pharmaceutical Industries Ltd</name>
        <lei>549300BAFGM4RC74ZJ94</lei>
        <title>Teva Pharmaceutical Industries Ltd</title>
        <cusip>881624209</cusip>
        <identifiers>
          <isin value="US8816242098"/>
        </identifiers>
        <balance>698858.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11712860.08000000</valUSD>
        <pctVal>2.841316775948</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>IL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Healthcare Realty Trust Inc</name>
        <lei>549300L0I14L7I0VLX84</lei>
        <title>Healthcare Realty Trust Inc</title>
        <cusip>42226K105</cusip>
        <identifiers>
          <isin value="US42226K1051"/>
        </identifiers>
        <balance>149567.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2372132.62000000</valUSD>
        <pctVal>0.575434194718</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Merck &amp; Co Inc</name>
        <lei>4YV9Y5M8S0BRK1RP0397</lei>
        <title>Merck &amp; Co Inc</title>
        <cusip>58933Y105</cusip>
        <identifiers>
          <isin value="US58933Y1055"/>
        </identifiers>
        <balance>160302.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12689506.32000000</valUSD>
        <pctVal>3.078232552873</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Healthpeak Properties Inc</name>
        <lei>254900M6MTMZM0I22L81</lei>
        <title>Healthpeak Properties Inc</title>
        <cusip>42250P103</cusip>
        <identifiers>
          <isin value="US42250P1030"/>
        </identifiers>
        <balance>279943.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4901801.93000000</valUSD>
        <pctVal>1.189083790035</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerConditional desc="REIT" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Eli Lilly &amp; Co</name>
        <lei>FRDRIPF3EKNDJ2CQJL29</lei>
        <title>Eli Lilly &amp; Co</title>
        <cusip>532457108</cusip>
        <identifiers>
          <isin value="US5324571083"/>
        </identifiers>
        <balance>33515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>26125947.95000000</valUSD>
        <pctVal>6.337657386058</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Galera Therapeutics Inc</name>
        <lei>N/A</lei>
        <title>Galera Therapeutics Inc</title>
        <cusip>36338D108</cusip>
        <identifiers>
          <isin value="US36338D1081"/>
        </identifiers>
        <balance>161709.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4398.48000000</valUSD>
        <pctVal>0.001066987475</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CIGNA GROUP/THE</name>
        <lei>549300VIWYMSIGT1U456</lei>
        <title>Cigna Group/The</title>
        <cusip>125523CM0</cusip>
        <identifiers>
          <isin value="US125523CM05"/>
        </identifiers>
        <balance>3200000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>2844769.76000000</valUSD>
        <pctVal>0.690086963183</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2031-03-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>2.38000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>uniQure NV</name>
        <lei>724500RPCTZLFYJZ3S98</lei>
        <title>uniQure NV</title>
        <cusip>000000000</cusip>
        <identifiers>
          <isin value="NL0010696654"/>
        </identifiers>
        <balance>639082.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>8908803.08000000</valUSD>
        <pctVal>2.161105952938</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>NL</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Deutsche Bank AG</name>
        <lei>7LTWFZYICNSX8D621K86</lei>
        <title>PURCHASED USD / SOLD EUR</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="Trade Identifier" value="25FGKBBP866"/>
        </identifiers>
        <balance>1.00000000</balance>
        <units>NC</units>
        <currencyConditional curCd="EUR" exchangeRt="0.84814911"/>
        <valUSD>-636809.93000000</valUSD>
        <pctVal>-0.15447796053</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DFE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <derivativeInfo>
          <fwdDeriv derivCat="FWD">
            <counterparties>
              <counterpartyName>Deutsche Bank AG</counterpartyName>
              <counterpartyLei>7LTWFZYICNSX8D621K86</counterpartyLei>
            </counterparties>
            <amtCurSold>18687018.93000000</amtCurSold>
            <curSold>EUR</curSold>
            <amtCurPur>21395894.80000000</amtCurPur>
            <curPur>USD</curPur>
            <settlementDt>2025-07-16</settlementDt>
            <unrealizedAppr>-636809.93000000</unrealizedAppr>
          </fwdDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Bristol-Myers Squibb Co</name>
        <lei>HLYYNH7UQUORYSJQCN42</lei>
        <title>Bristol-Myers Squibb Co</title>
        <cusip>110122108</cusip>
        <identifiers>
          <isin value="US1101221083"/>
        </identifiers>
        <balance>137797.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6378623.13000000</valUSD>
        <pctVal>1.547332486082</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>IMMUNIC INC.</name>
        <lei>549300R5T12FW5MEQB20</lei>
        <title>IMMUNIC INC.</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="warrant" value="955LFVII7"/>
        </identifiers>
        <balance>3108929.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2168477.98000000</valUSD>
        <pctVal>0.526031457796</pctVal>
        <payoffProfile>N/A</payoffProfile>
        <assetCat>DE</assetCat>
        <issuerConditional desc="derivative" issuerCat="OTHER"/>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <derivativeInfo>
          <optionSwaptionWarrantDeriv derivCat="WAR">
            <counterparties>
              <counterpartyName>N/A</counterpartyName>
              <counterpartyLei>N/A</counterpartyLei>
            </counterparties>
            <putOrCall>Call</putOrCall>
            <writtenOrPur>Purchased</writtenOrPur>
            <descRefInstrmnt>
              <otherRefInst>
                <issuerName>Immunic Inc</issuerName>
                <issueTitle>Immunic Inc</issueTitle>
                <identifiers>
                  <cusip value="4525EP101"/>
                  <isin value="US4525EP1011"/>
                </identifiers>
              </otherRefInst>
            </descRefInstrmnt>
            <shareNo>1.00000000</shareNo>
            <exercisePrice>1.00000000</exercisePrice>
            <exercisePriceCurCd>USD</exercisePriceCurCd>
            <expDt>2099-12-31</expDt>
            <delta>XXXX</delta>
            <unrealizedAppr>-162907.88000000</unrealizedAppr>
          </optionSwaptionWarrantDeriv>
        </derivativeInfo>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-07-29</ncom:dateSigned>
      <ncom:nameOfApplicant>abrdn World Healthcare Fund</ncom:nameOfApplicant>
      <ncom:signature>Sharon Ferrari</ncom:signature>
      <ncom:signerName>Sharon Ferrari</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
