Aberdeen Ultra-Short Duration Bond Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
US TREASURY N/B	T 3.125 04/30/13	912828HY9	3900000	4013918.79	11.11%
FANNIE DISCOUNT NOTE	FNMDN 0 01/09/13	313589AJ2	1500000	1498333.21	4.15%
FANNIE MAE	FNMA 0.5 10/30/14	3136G0FF3	1000000	1000856.22	2.77%
FEDERAL HOME LOAN BANK	FHLB 0.3 06/10/13	313379GP8	1000000	999965.00	2.77%
FREDDIE MAC	FHLMC 1 08/28/12	3134G1GQ1	800000	803790.13	2.22%
FREDDIE MAC DISCOUNT NT	FREDN 0 11/13/12	313396P49	750000	749529.40	2.07%
FANNIE MAE	FNMA 0 09/17/12	31398A4E9	650000	650245.10	1.80%
FREDDIE MAC DISCOUNT NT	FREDN 0 01/07/13	313397AG6	550000	549395.17	1.52%
AMOT 2010-2 A	AMOT 4.25 04/15/17	02005AAF5	500000	539722.34	1.49%
BOSTON PROPERTIES LP	BXP 6.25 01/15/13	10112RAB0	487000	514039.92	1.42%
GEMNT 2011-1 A	GEMNT 0 01/15/17	36159JCE9	500000	503064.44	1.39%
FREDDIE MAC	FHLMC 0 11/04/13	3134G25F5	500000	500204.78	1.38%
PRINCIPAL LIFE INC FDG	PFG 5.3 04/24/13	74254PYE6	450000	471243.55	1.30%
GENERAL ELEC CAP CORP	GE 0 04/07/14	36962G5B6	440000	440726.51	1.22%
SANOFI-AVENTIS	SANFP 0 03/28/14	80105NAC9	435000	436646.57	1.21%
DETROIT EDISON COMPANY	DTE 6.4 10/01/13	250847EE6	400000	433663.60	1.20%
ENTERPRISE PRODUCTS OPER	EPD 4.6 08/01/12	29379VAE3	400000	408825.47	1.13%
NATIONAL AUSTRALIA BANK	NAB 0 07/25/14	6325C0CD1	400000	403218.96	1.12%
JPMORGAN CHASE AND CO	JPM 0 01/24/14	46623EJF7	400000	401993.47	1.11%
PUB SVC ELEC N GAS	PEG 0.85 08/15/14	74456QAY2	400000	401986.04	1.11%
BANK OF MONTREAL	BMO 0 04/29/14	06366QGN1	400000	401965.10	1.11%
GLAXOSMITHKLINE CAPITAL	GSK 0.75 05/08/15	377373AB1	400000	400387.73	1.11%
Cash		Cash	389716	389716.59	1.08%
IBM CORP	IBM 0.55 02/06/15	459200HB0	380000	378375.99	1.05%
CITIGROUP INC	C 5.3 10/17/12	172967EL1	350000	358179.66	0.99%
MET LIFE GLOB FUNDING I	MET 1.7 06/29/15	59217GAV1	355000	355300.49	0.98%
VERIZON COMMUNICATIONS	VZ 1.25 11/03/14	92343VBB9	350000	355010.91	0.98%
BARRICK GOLD CORP	ABXCN 1.75 05/30/14	067901AE8	350000	354824.73	0.98%
ENTERGY LOUISIANA LLC	ETR 1.875 12/15/14	29364WAP3	345000	353688.60	0.98%
AMERICAN HONDA FINANCE	HNDA 1.45 02/27/15	02666QK69	350000	353056.26	0.98%
WALT DISNEY COMPANY/THE	DIS 0.875 12/01/14	25468PCQ7	350000	352416.11	0.98%
RIO TINTO FIN USA LTD	RIOLN 1.125 03/20/15	76720AAA4	350000	351869.26	0.97%
TOYOTA MOTOR CREDIT CORP	TOYOTA 1 02/17/15	89233P5Z5	350000	351717.18	0.97%
AT&T INC	T 0.875 02/13/15	00206RBB7	350000	350912.51	0.97%
WESTPAC BANKING CORP	WSTP 0 03/31/14	9612E0CD7	350000	350143.55	0.97%
SABMILLER HOLDINGS INC	SABLN 1.85 01/15/15	78573AAD2	340000	347721.32	0.96%
TEVA PHARMACEUT FIN BV	TEVA 0 11/08/13	88165FAB8	330000	333227.99	0.92%
BRITISH TEL PLC	BRITEL 0 12/20/13	111021AF8	325000	326991.83	0.91%
SOUTHERN CAL EDISON	EIX 0 09/15/14	842400FS7	320000	321450.54	0.89%
USAA CAPITAL CORP	USAA 1.05 09/30/14	90327QCV9	315000	314684.74	0.87%
NEVADA POWER CO	NVE 5.875 01/15/15	641423BK3	270000	307903.49	0.85%
AESOP 2010-4A A	AESOP 2.09 04/20/15	05377RAH7	300000	304282.29	0.84%
AMERICAN INTL GROUP	AIG 3 03/20/15	026874CT2	300000	303990.90	0.84%
BHP BILLITON FIN USA LTD	BHP 1 02/24/15	055451AN8	300000	301571.93	0.83%
CNHMT 2011-1A A	CNHMT 0 12/15/15	12615SAN0	300000	301020.12	0.83%
HEWLETT-PACKARD CO	HPQ 0 05/30/14	428236BJ1	300000	297596.86	0.82%
CONS EDISON CO OF NY	ED 4.875 02/01/13	209111EA7	257000	268676.66	0.74%
ONCOR ELECTRIC DELIVERY	ONCRTX 6.375 01/15/15	68233DAL1	230000	261118.27	0.72%
APPALACHIAN POWER CO	AEP 5.65 08/15/12	037735CH8	250000	256688.61	0.71%
DEUTSCHE BANK AG LONDON	DB 4.875 05/20/13	2515A0NY5	245000	253610.30	0.70%
PHILLIPS 66	PSX 1.95 03/05/15	718546AD6	250000	253266.29	0.70%
BP CAPITAL MARKETS PLC	BPLN 0 12/06/13	05565QBW7	250000	252257.73	0.70%
SEMPRA ENERGY	SRE 0 03/15/14	816851AR0	250000	250642.43	0.69%
JOHN DEERE CAP COR	DE 0.95 06/29/15	24422ERS0	250000	250424.44	0.69%
NEXTERA ENERGY CAPITAL	NEE 1.611 06/01/14	65339KAC4	240000	240972.84	0.67%
CAMERON INTL CORP	CAM 1.6 04/30/15	13342BAH8	240000	240639.97	0.67%
TOTAL CAPITAL CANADA LTD	TOTAL 1.625 01/28/14	89153UAB7	235000	240307.30	0.67%
TALISMAN ENERGY	TLMCN 5.125 05/15/15	87425EAG8	220000	239795.73	0.66%
BANK OF NOVA SCOTIA	BNS 0 01/12/15	064159AN6	235000	239306.77	0.66%
CENTERPOINT ENERGY	CNP 6.85 06/01/15	15189TAG2	210000	237874.21	0.66%
PRUDENTIAL FINANCIAL INC	PRU 2.75 01/14/13	74432QBK0	230000	235203.28	0.65%
CATERPILLAR FINANCIAL SE	CAT 1.375 05/20/14	14912L4V0	230000	233177.67	0.65%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	215000	231483.33	0.64%
JOHNSON CONTROLS INC	JCI 0 02/04/14	478366AY3	225000	226038.85	0.63%
SDART 2010-A A4	SDART 2.39 06/15/17	80282FAG2	220000	225554.81	0.62%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	220000	223354.28	0.62%
ENERGY TRANSFER PARTNERS	ETP 5.95 02/01/15	29273RAB5	190000	211662.60	0.59%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0 01/27/14	03523TBC1	205000	207048.40	0.57%
BARCLAYS BANK PLC	BACR 2.5 01/23/13	06739FGP0	200000	203652.24	0.56%
GENERAL ELEC CAP CORP	GE 2.625 12/28/12	36967HAY3	200000	202320.55	0.56%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	202085.83	0.56%
FORDF 2010-5 A1	FORDF 1.5 09/15/15	34528QAU8	200000	201991.35	0.56%
FORDF 2010-1 A	FORDF 0 12/15/14	34528QAJ3	200000	201571.70	0.56%
GEDFT 2009-2A A	GEDFT 0 10/20/14	36159LBK1	200000	201028.10	0.56%
HSBC FINANCE CORP	HSBC 0 01/15/14	40429CFV9	200000	198093.39	0.55%
GOLDMAN SACHS GROUP INC	GS 0 02/07/14	38143USB8	200000	198049.96	0.55%
EMERSON ELECTRIC CO	EMR 4.5 05/01/13	291011AT1	187000	194351.34	0.54%
PRUDENTIAL FINANCIAL INC	PRU 4.75 04/01/14	74432QAD7	170000	180813.70	0.50%
ARISTOTLE HOLDING INC	ESRX 2.75 11/21/14	04044TAA4	175000	179278.67	0.50%
TESCO CORP	TSCOLN 2 12/05/14	881575AE4	175000	177046.18	0.49%
WFNMT 2009-B A	WFNMT 3.79 05/15/16	981464BU3	176000	176558.28	0.49%
TRANS-CANADA PIPELINES	TRPCN 0.875 03/02/15	893526DL4	175000	175189.59	0.48%
COMMONWEALTH EDISON	EXC 1.625 01/15/14	202795HW3	170000	173565.42	0.48%
PROCTER GAMBLE CO/THE	PG 0 02/06/14	742718DX4	160000	160220.12	0.44%
DUKE ENERGY OHIO INC	DUK 5.7 09/15/12	172070CN2	150000	154024.10	0.43%
NATIONAL RURAL UTIL COOP	NRUC 1 02/02/15	637432MP7	150000	151368.43	0.42%
QUEST DIAGNOSTIC INC	DGX 0 03/24/14	74834LAT7	140000	141184.99	0.39%
GLAXOSMITHKLINE	GSK 4.85 05/15/13	377372AC1	135000	140984.31	0.39%
GEET 2012-1 A4	GEET 1.23 01/22/20	36162NAD9	135000	135743.08	0.38%
NATIONAL RURAL UTILITIES	NRUC 4.75 03/01/14	637432DC6	125000	135262.17	0.37%
FANNIE MAE	FNMA 0 11/23/12	31398A6S6	130000	130065.38	0.36%
HCP INC	HCP 2.7 02/01/14	40414LAB5	125000	128402.88	0.36%
BOEING CAPITAL CORP	BA 5.8 01/15/13	097014AH7	120000	126587.69	0.35%
CLEVELAND ELEC ILLUMINAT	FE 5.65 12/15/13	186108CD6	110000	116747.85	0.32%
MACK-CALI REALTY L.P.	CLI 5.125 02/15/14	55448QAJ5	105000	111752.88	0.31%
TRANSALTA CORP	TACN 5.75 12/15/13	89346DAB3	100000	105250.66	0.29%
FLORIDA POWER CORP	DUK 4.8 03/01/13	341099CC1	100000	104410.80	0.29%
WFNMT 2009-D A	WFNMT 4.66 05/15/17	981464CE8	100000	104093.49	0.29%
KROGER CO.	KR 5 04/15/13	501044CJ8	100000	104092.96	0.29%
COX COMMUNICATIONS INC	COXENT 7.125 10/01/12	224044BE6	100000	103280.85	0.29%
ANHEUSER-BUSCH INBEV WOR	ABIBB 3 10/15/12	03523TAL2	100000	101310.13	0.28%
FORDF 2010-5 A2	FORDF 0 09/15/15	34528QAV6	100000	100532.64	0.28%
COMET 2006-A12 A	COMET 0 07/15/16	14041NDC2	100000	99901.92	0.28%
AMERICAN EXPRESS CREDIT	AXP 1.75 06/12/15	0258M0DE6	95000	96166.75	0.27%
CAMERON INTL CORP FLOAT	CAM 0 06/02/14	13342BAG0	95000	94968.11	0.26%
AMEREN CORPORATION	AEE 8.875 05/15/14	023608AE2	75000	84392.20	0.23%
21ST CENTURY INSUR GRP	FARMER 5.9 12/15/13	90130NAB9	75000	78784.37	0.22%
ERAC USA FINANCE COMPANY	ENTERP 2.25 01/10/14	26884TAC6	75000	76251.79	0.21%
CFAIT 2009-1 A3	CFAIT 2.59 10/15/13	17290DAC8	75376	75679.10	0.21%
PROCTER GAMBLE CO/THE	PG 1.375 08/01/12	742718DR7	75000	75472.22	0.21%
HARLEY-DAVIDSON FUNDING	HOG 5.25 12/15/12	41283DAA1	70000	71315.88	0.20%
BHP BILLITON FIN USA LTD	BHP 5.5 04/01/14	055451AG3	55000	60334.56	0.17%
SDART 2012-3 A3	SDART 1.08 04/15/16	80282WAC4	56000	56097.54	0.16%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50136.42	0.14%
NUCOR CORP	NUE 5 12/01/12	670346AF2	48000	49005.58	0.14%
PSEG POWER LLC	PEG 2.5 04/15/13	69362BAV4	25000	25482.39	0.07%

Disclosure

Holdings are subject to change at any time. Holdings should not be relied upon in making investment decisions and should not be construed as research or investment advice regarding specific securities. By accessing the portfolio holdings, you agree not to reproduce, distribute or disseminate the portfolio holdings, in whole or in part.