| 1 | Past performance is no guarantee of future results. Investment returns and principal value will fluctuate and shares, when sold, may be worth more or less than original cost. Current performance may be lower or higher than the performance quoted. NAV return data includes investment management fees, custodial charges and administrative fees (such as Trustee and legal fees) and assumes the reinvestment of all distributions. |
| 2 | Assuming the reinvestment of dividends and distributions. |
| 3 | The Fund’s total return is based on the reported NAV for each financial reporting period end and may differ from what is reported on the Financial Highlights due to financial statement rounding or adjustments. |
| 4 | The FTSE EPRA Nareit Global Index (NTR) is a total return index that is designed to represent general trends in eligible real estate equities worldwide. The Index is calculated net of withholding taxes to which the Fund is generally subject. Indexes are unmanaged and have been provided for comparison purposes only. No fees or expenses are reflected. You cannot invest directly in an index. |
| 5 | All historical per share information has been retroactively adjusted to reflect the 1-3 reverse stock split which was implemented on February 9, 2026. |
| abrdn Global Premier Properties Fund | 1 |
| 2 | abrdn Global Premier Properties Fund |
| 6 Months | 1 Year | 3 Years | 5 Years | 10 Years | |
| Net Asset Value (NAV) | 11.92% | 18.80% | 9.91% | 1.05% | 5.05% |
| Market Price | 9.23% | 16.85% | 12.90% | 1.76% | 6.97% |
| FTSE EPRA Nareit Global Index (NTR) | 10.01% | 16.92% | 8.61% | 1.69% | 3.50% |

| abrdn Global Premier Properties Fund | 3 |
| Sub-Industries | |
| Retail REITs | 26.7% |
| Health Care REITs | 24.8% |
| Industrial REITs | 12.6% |
| Data Center REITs | 12.1% |
| Real Estate Operating Companies | 8.0% |
| Multi-Family Residential REITs | 5.5% |
| Self Storage REITs | 4.4% |
| Diversified Real Estate Activities | 4.3% |
| Diversified REITs | 3.7% |
| Single-Family Residential REITs | 3.4% |
| Other, less than 2% each | 5.8% |
| Liabilities in Excess of Other Assets | (11.3%) |
| 100.0% |
| Top Ten Holdings | |
| Welltower, Inc., REIT | 12.6% |
| Equinix, Inc., REIT | 7.8% |
| Prologis, Inc., REIT | 7.1% |
| Simon Property Group, Inc., REIT | 5.3% |
| Ventas, Inc., REIT | 4.9% |
| Realty Income Corp., REIT | 4.8% |
| Digital Realty Trust, Inc., REIT | 4.3% |
| American Healthcare REIT, Inc. | 3.8% |
| Public Storage, REIT | 3.2% |
| Unibail-Rodamco-Westfield, REIT | 2.9% |
| Countries | |
| United States | 78.5% |
| Japan | 8.0% |
| Australia | 5.3% |
| France | 3.9% |
| Hong Kong | 2.7% |
| Singapore | 2.1% |
| Belgium | 2.1% |
| Switzerland | 2.0% |
| Other, less than 2% each | 6.7% |
| Liabilities in Excess of Other Assets | (11.3%) |
| 100.0% |
| 4 | abrdn Global Premier Properties Fund |
| abrdn Global Premier Properties Fund | 5 |
| 6 | abrdn Global Premier Properties Fund |
| Assets | |
| Investments, at value (cost $320,971,959) | $ 411,061,211 |
| Foreign currency, at value (cost $42,340) | 42,732 |
| Cash | 2,463,870 |
| Interest and dividends receivable | 781,084 |
| Receivable for common shares issued | 484,699 |
| Tax reclaim receivable | 376,939 |
| Prepaid expenses in connection with the at-the-market stock offering (Note 5) | 3,356 |
| Prepaid expenses in connection with the shelf registration (Note 5) | 59,558 |
| Total assets | 415,273,449 |
| Liabilities | |
| Line of credit payable (Note 7) | 42,944,158 |
| Distributions payable | 2,395,524 |
| Investment management fees payable (Note 3) | 326,133 |
| Interest payable on line of credit | 144,710 |
| Investor relations fees payable (Note 3) | 35,034 |
| Administration fees payable (Note 3) | 23,659 |
| Trustee fees payable | 1,325 |
| Other accrued expenses | 141,723 |
| Total liabilities | 46,012,266 |
| Net Assets | $369,261,183 |
| Composition of Net Assets | |
| Paid-in capital in excess of par | $ 377,271,873 |
| Accumulated loss | (8,010,690) |
| Net Assets | $369,261,183 |
| Net
asset value per share based on |
$ |
| abrdn Global Premier Properties Fund | 7 |
| Net Investment Income | |
| Investment Income: | |
| Dividends (net of foreign withholding taxes of $255,784) | $ 6,232,814 |
| Total investment income | 6,232,814 |
| Expenses: | |
| Investment management fee (Note 3) | 1,893,708 |
| Administration fee (Note 3) | 139,758 |
| Reports to shareholders and proxy solicitation | 63,885 |
| Investor relations fees and expenses (Note 3) | 53,701 |
| Trustees' fees and expenses | 42,049 |
| Legal fees and expenses | 35,480 |
| Independent auditors’ fees and tax expenses | 33,522 |
| Custodian’s fees and expenses | 24,284 |
| Transfer agent’s fees and expenses | 8,694 |
| Miscellaneous | 134,560 |
| Total operating expenses, excluding interest expense | 2,429,641 |
| Interest expense (Note 7) | 712,340 |
| Net expenses | 3,141,981 |
| Net Investment Income | 3,090,833 |
| Net Realized/Unrealized Gain/(Loss): | |
| Net realized gain/(loss) from: | |
| Investments (Note 2h) | 4,251,199 |
| Foreign currency transactions | (27,335) |
| 4,223,864 | |
| Net change in unrealized appreciation/depreciation on: | |
| Investments (Note 2h) | 32,549,513 |
| Foreign currency translation | 26,100 |
| 32,575,613 | |
| Net realized and unrealized gain from investments and foreign currencies | 36,799,477 |
| Change in Net Assets Resulting from Operations | $39,890,310 |
| 8 | abrdn Global Premier Properties Fund |
| For
the Six-Month Period Ended April 30, 2026 (unaudited) |
For
the Year Ended October 31, 2025 | |
| Increase/(Decrease) in Net Assets: | ||
| Operations: | ||
| Net investment income | $3,090,833 | $3,633,074 |
| Net realized gain/(loss) from investments and foreign currency transactions | 4,223,864 | (4,040,291) |
| Net change in unrealized appreciation on investments and foreign currency translations | 32,575,613 | 6,578,842 |
| Net increase in net assets resulting from operations | 39,890,310 | 6,171,625 |
| Distributions to Shareholders From: | ||
| Distributable earnings | (21,859,905) | (8,771,327) |
| Return of capital | – | (33,061,136) |
| Net decrease in net assets from distributions | (21,859,905) | (41,832,463) |
| Proceeds from at-the-market offering resulting in the issuance of 1,518,169 and 3,959,620 shares of common stock, respectively (Note 5) | 10,446,951 | 15,442,135 |
| Expenses in connection with the shelf and at-the-market stock offering (Note 5) | (71,122) | (82,056) |
| Reinvestment of dividends resulting in the issuance of 97,408 and 335,848 shares of common stock, respectively | 474,637 | 1,297,562 |
| Change in net assets from capital transactions | 10,850,466 | 16,657,641 |
| Change in net assets | 28,880,871 | (19,003,197) |
| Net Assets: | ||
| Beginning of period | 340,380,312 | 359,383,509 |
| End of period | $369,261,183 | $340,380,312 |
| abrdn Global Premier Properties Fund | 9 |
| Cash flows from operating activities: | |
| Net increase/(decrease) in net assets resulting from operations | $ 39,890,310 |
| Adjustments to reconcile net increase in net assets resulting from operations to net cash used in operating activities: |
|
| Investments purchased | (104,448,395) |
| Investments sold and principal repayments | 100,817,881 |
| Increase in interest, dividends and other receivables | (225,985) |
| Decrease in prepaid expenses | 61,299 |
| Decrease in interest payable on line of credit | (20,477) |
| Increase in accrued investment management fees payable | 36,997 |
| Increase in other accrued expenses | 13,718 |
| Net change in unrealized appreciation of investments | (32,549,513) |
| Net change in unrealized appreciation on foreign currency translation | (26,100) |
| Net realized gain on investments transactions | (4,251,199) |
| Net cash used in operating activities | (701,464) |
| Cash flows from financing activities: | |
| Increase in line of credit payable | 12,142,071 |
| Distributions paid to shareholders | (19,368,270) |
| Proceeds from stock offering | 10,446,951 |
| Expenses in connection with the at-the-market and shelf offering | (71,122) |
| Net cash provided by financing activities | 3,149,630 |
| Effect of exchange rate on cash | 498 |
| Net change in cash | 2,448,664 |
| Unrestricted and restricted cash and foreign currency, beginning of period | 57,938 |
| Unrestricted and restricted cash and foreign currency, end of period | $2,506,602 |
| Supplemental disclosure of cash flow information: | |
| Cash paid for interest and fees on borrowing | $732,817 |
| 10 | abrdn Global Premier Properties Fund |
| For
the Six-Month Period Ended April 30, |
For the Fiscal Years Ended October 31, | |||||
| 2026 (unaudited) |
2025 | 2024 | 2023 | 2022 | 2021 | |
| PER SHARE OPERATING PERFORMANCE(a): | ||||||
| Net asset value per common share, beginning of period | $ |
$ |
$ |
$ |
$ |
$ |
| Net investment income(b) | 0.10 | 0.04 | 0.02 | 0.09 | 0.12 | 0.13 |
| Net
realized and unrealized gains/(losses) on investments and foreign currency transactions |
0.98 | 0.03 | 1.09 | (0.27) | (2.25) | 1.96 |
| Total from investment operations applicable to common shareholders | 1.08 | 0.07 | 1.11 | (0.18) | (2.13) | 2.09 |
| Distributions to common shareholders from: | ||||||
| Net investment income | (0.48) | (0.10) | (0.10) | (0.10) | (0.07) | (0.16) |
| Return of capital | – | (0.38) | (0.38) | (0.38) | (0.41) | (0.32) |
| Total distributions | ( |
( |
( |
( |
( |
( |
| Capital Share Transactions: | ||||||
| Impact of shelf offering | –(c) | –(c) | – | – | – | – |
| Net asset value per common share, end of period | $ |
$ |
$ |
$ |
$ |
$ |
| Market price, end of period | $ |
$ |
$ |
$ |
$ |
$ |
| Total Investment Return Based on(d): | ||||||
| Market price | 9.23% | 2.10% | 47.63% | (6.58%) | (33.80%) | 62.89% |
| Net asset value | 11.92% | 2.10% | 32.89% | (4.86%) | (32.36%) | 41.59% |
| Ratio to Average Net Assets Applicable to Common Shareholders/Supplementary Data: | ||||||
| Net assets applicable to common shareholders, end of period (000 omitted) | $369,261 | $340,380 | $359,384 | $304,800 | $361,335 | $583,883 |
| Average net assets applicable to common shareholders (000 omitted) | $352,290 | $337,845 | $347,740 | $361,732 | $498,916 | $547,641 |
| Gross operating expenses | 1.80%(e) | 2.32% | 3.00% | 2.48% | 1.89% | 1.59% |
| Net operating expenses, net of fee waivers | 1.80%(e) | 2.27% | 2.74% | 2.22% | 1.62% | 1.40% |
| Net
operating expenses, net of fee waivers and excluding interest expense |
1.39%(e) | 1.40% | 1.25% | 1.19% | 1.19% | 1.19% |
| Net Investment income | 1.77%(e) | 1.08% | 0.56% | 2.22% | 2.05% | 1.99% |
| Portfolio turnover | 26%(f) | 65% | 74% | 44% | 41% | 36% |
| Senior securities: | ||||||
| Line of credit payable outstanding (000 omitted) | $ |
$ |
$ |
$ |
$ |
$ |
| Asset coverage per $1,000 on line of credit payable at period end(g) | $ |
$ |
$ |
$ |
$ |
$ |
| (a) | On February 9, 2026, the Fund implemented a 1 for 3 reverse stock split. Net asset value and per share amounts have been updated to reflect the transaction. See Note 5. |
| (b) | Based on average shares outstanding. |
| (c) | Less than $0.005 per share. See accompanying Notes to Financial Statements. |
| abrdn Global Premier Properties Fund | 11 |
| (d) | Total investment return is calculated assuming a purchase of common stock on the first day and a sale on the last day of each reporting period. Dividends and distributions, if any, are assumed, for purposes of this calculation, to be reinvested at prices obtained under the Fund’s dividend reinvestment plan. Total investment return does not reflect brokerage commissions. |
| (e) | Annualized. |
| (f) | Not annualized. |
| (g) | Asset coverage per $1,000 is calculated by dividing total assets (less all liabilities and indebtedness not represented by senior securities) by the amount of the line of credit and then multiplying by $1,000. |
| 12 | abrdn Global Premier Properties Fund |
| abrdn Global Premier Properties Fund | 13 |
| Security Type | Standard Inputs |
| Foreign equities utilizing a fair value factor | Depositary receipts, indices, futures, sector indices/ETFs, exchange rates, and local exchange opening and closing prices of each security. |
| Investments, at Value | Level
1 – Quoted Prices |
Level
2 – Other Significant Observable Inputs |
Level
3 – Significant Unobservable Inputs |
Total |
| Assets | ||||
| Investments in Securities | ||||
| Common Stocks | $312,666,031 | $98,395,180 | $– | $411,061,211 |
| Total Investment Assets | $312,666,031 | $98,395,180 | $– | $411,061,211 |
| 14 | abrdn Global Premier Properties Fund |
| abrdn Global Premier Properties Fund | 15 |
| 16 | abrdn Global Premier Properties Fund |
| abrdn Global Premier Properties Fund | 17 |
| 18 | abrdn Global Premier Properties Fund |
| abrdn Global Premier Properties Fund | 19 |
| 20 | abrdn Global Premier Properties Fund |
| Tax
Cost of Securities |
Unrealized Appreciation |
Unrealized Depreciation |
Net Unrealized Appreciation/ (Depreciation) |
| $322,226,314 | $96,472,337 | $(7,637,440) | $88,834,897 |
| abrdn Global Premier Properties Fund | 21 |
| 22 | abrdn Global Premier Properties Fund |
| abrdn Global Premier Properties Fund | 23 |
