Aberdeen Ultra-Short Duration Bond Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
FANNIE MAE	FNMA 0.5 10/30/14	3136G0FF3	1000000	1001090.89	5.47%
US TREASURY N/B	T 0.5 10/15/13	912828PB0	700000	702077.26	3.83%
FREDDIE MAC DISCOUNT NT	FREDN 0 01/07/13	313397AG6	600000	599826.88	3.27%
FANNIE DISCOUNT NOTE	FNMDN 0 01/23/13	313589AY9	600000	599786.16	3.27%
FREDDIE MAC	FHLMC 0 11/04/13	3134G25F5	500000	500020.75	2.73%
US TREASURY N/B	T 3.125 04/30/13	912828HY9	400000	405893.73	2.22%
FREDDIE MAC DISCOUNT NT	FREDN 0 11/19/12	313396Q22	400000	399967.91	2.18%
US TREASURY N/B	T 0.25 09/30/14	912828TQ3	400000	399822.31	2.18%
FANNIE DISCOUNT NOTE	FNMDN 0 12/19/12	313588T88	350000	349928.08	1.91%
FED HOME LN DISCOUNT NT	FHLBDN 0 02/20/13	313385CC8	350000	349836.63	1.91%
US TREASURY N/B	T 0.25 10/15/15	912828TT7	340000	338738.18	1.85%
SANOFI-AVENTIS	SANFP 0 03/28/14	80105NAC9	300000	301688.97	1.65%
IBM CORP	IBM 0.55 02/06/15	459200HB0	280000	281052.97	1.53%
AMOT 2010-2 A	AMOT 4.25 04/15/17	02005AAF5	250000	269792.97	1.47%
CONS EDISON CO OF NY	ED 4.875 02/01/13	209111EA7	257000	262907.02	1.44%
ONCOR ELECTRIC DELIVERY	ONCRTX 6.375 01/15/15	68233DAL1	230000	258532.15	1.41%
DEUTSCHE BANK AG LONDON	DB 4.875 05/20/13	2515A0NY5	245000	256234.50	1.40%
JOHN DEERE CAP COR	DE 0.95 06/29/15	24422ERS0	250000	253233.61	1.38%
TOYOTA MOTOR CREDIT CORP	TOYOTA 1 02/17/15	89233P5Z5	250000	252635.64	1.38%
RIO TINTO FIN USA LTD	RIOLN 1.125 03/20/15	76720AAA4	250000	252611.31	1.38%
BP CAPITAL MARKETS PLC	BPLN 0 12/06/13	05565QBW7	250000	252008.72	1.38%
SEMPRA ENERGY	SRE 0 03/15/14	816851AR0	250000	251695.48	1.37%
NEXTERA ENERGY CAPITAL	NEE 1.611 06/01/14	65339KAC4	240000	244324.92	1.33%
CAMERON INTL CORP	CAM 1.6 04/30/15	13342BAH8	240000	243938.03	1.33%
TALISMAN ENERGY	TLMCN 5.125 05/15/15	87425EAG8	220000	243593.23	1.33%
CENTERPOINT ENERGY	CNP 6.85 06/01/15	15189TAG2	210000	243494.30	1.33%
BANK OF NOVA SCOTIA	BNS 0 01/12/15	064159AN6	235000	239587.02	1.31%
TOTAL CAPITAL CANADA LTD	TOTAL 1.625 01/28/14	89153UAB7	235000	239347.01	1.31%
CATERPILLAR FINANCIAL SE	CAT 1.375 05/20/14	14912L4V0	230000	235089.28	1.28%
PRUDENTIAL FINANCIAL INC	PRU 2.75 01/14/13	74432QBK0	230000	232864.33	1.27%
JOHNSON CONTROLS INC	JCI 0 02/04/14	478366AY3	225000	226369.12	1.24%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	220000	225528.56	1.23%
ENERGY TRANSFER PARTNERS	ETP 5.95 02/01/15	29273RAB5	190000	212611.14	1.16%
AMERICAN INTL GROUP	AIG 3 03/20/15	026874CT2	200000	208798.93	1.14%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0 01/27/14	03523TBC1	205000	206494.84	1.13%
PRINCIPAL LIFE INC FDG	PFG 5.3 04/24/13	74254PYE6	200000	204833.71	1.12%
BARRICK GOLD CORP	ABXCN 1.75 05/30/14	067901AE8	200000	204787.06	1.12%
GENERAL ELEC CAP CORP	GE 2.625 12/28/12	36967HAY3	200000	202528.75	1.11%
BARCLAYS BANK PLC	BACR 2.5 01/23/13	06739FGP0	200000	202267.51	1.10%
FORDF 2010-5 A1	FORDF 1.5 09/15/15	34528QAU8	200000	202004.73	1.10%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	201641.04	1.10%
PUB SVC ELEC N GAS	PEG 0.85 08/15/14	74456QAY2	200000	201649.29	1.10%
JPMORGAN CHASE AND CO	JPM 0 01/24/14	46623EJF7	200000	201309.19	1.10%
FORDF 2010-1 A	FORDF 0 12/15/14	34528QAJ3	200000	200682.64	1.10%
HSBC FINANCE CORP	HSBC 0 01/15/14	40429CFV9	200000	199141.35	1.09%
EMERSON ELECTRIC CO	EMR 4.5 05/01/13	291011AT1	187000	194869.15	1.06%
ARISTOTLE HOLDING INC	ESRX 2.75 11/21/14	04044TAA4	175000	183555.62	1.00%
TESCO CORP	TSCOLN 2 12/05/14	881575AE4	175000	179999.77	0.98%
PRUDENTIAL FINANCIAL INC	PRU 4.75 04/01/14	74432QAD7	170000	179706.55	0.98%
TRANS-CANADA PIPELINES	TRPCN 0.875 03/02/15	893526DL4	175000	177152.15	0.97%
COMMONWEALTH EDISON	EXC 1.625 01/15/14	202795HW3	170000	173016.26	0.94%
PROCTER GAMBLE CO/THE	PG 0 02/06/14	742718DX4	160000	160240.72	0.87%
NATIONAL RURAL UTIL COOP	NRUC 1 02/02/15	637432MP7	150000	151805.28	0.83%
BHP BILLITON FIN USA LTD	BHP 1 02/24/15	055451AN8	150000	151717.97	0.83%
NATIONAL AUSTRALIA BANK	NAB 0 07/25/14	6325C0CD1	150000	151609.54	0.83%
GENERAL ELEC CAP CORP	GE 0 04/07/14	36962G5B6	150000	151002.44	0.82%
GLAXOSMITHKLINE	GSK 4.85 05/15/13	377372AC1	135000	141194.06	0.77%
QUEST DIAGNOSTIC INC	DGX 0 03/24/14	74834LAT7	140000	141145.19	0.77%
GEET 2012-1 A4	GEET 1.23 01/22/20	36162NAD9	135000	136636.13	0.75%
NATIONAL RURAL UTILITIES	NRUC 4.75 03/01/14	637432DC6	125000	133006.83	0.73%
FANNIE MAE	FNMA 0 11/23/12	31398A6S6	130000	130017.64	0.71%
HCP INC	HCP 2.7 02/01/14	40414LAB5	125000	128242.38	0.70%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	115000	124870.83	0.68%
BOEING CAPITAL CORP	BA 5.8 01/15/13	097014AH7	120000	123376.77	0.67%
CLEVELAND ELEC ILLUMINAT	FE 5.65 12/15/13	186108CD6	110000	117501.17	0.64%
MACK-CALI REALTY L.P.	CLI 5.125 02/15/14	55448QAJ5	105000	110816.84	0.60%
TRANSALTA CORP	TACN 5.75 12/15/13	89346DAB3	100000	107080.82	0.58%
WFNMT 2009-D A	WFNMT 4.66 05/15/17	981464CE8	100000	102966.21	0.56%
FLORIDA POWER CORP	DUK 4.8 03/01/13	341099CC1	100000	102238.90	0.56%
KROGER CO.	KR 5 04/15/13	501044CJ8	100000	102219.42	0.56%
FORDF 2010-5 A2	FORDF 0 09/15/15	34528QAV6	100000	100495.56	0.55%
COMET 2006-A12 A	COMET 0 07/15/16	14041NDC2	100000	99943.74	0.55%
HEWLETT-PACKARD CO	HPQ 0 05/30/14	428236BJ1	100000	99039.68	0.54%
AMERICAN EXPRESS CREDIT	AXP 1.75 06/12/15	0258M0DE6	95000	98060.99	0.54%
Cash		Cash	97520	97520.98	0.53%
ROYAL BANK OF SCOTLAND	RBS 2.55 09/18/15	780099CC9	85000	87393.42	0.48%
AMEREN CORPORATION	AEE 8.875 05/15/14	023608AE2	75000	86168.30	0.47%
21ST CENTURY INSUR GRP	FARMER 5.9 12/15/13	90130NAB9	75000	79838.55	0.44%
ERAC USA FINANCE COMPANY	ENTERP 2.25 01/10/14	26884TAC6	75000	76373.81	0.42%
HARLEY-DAVIDSON FUNDING	HOG 5.25 12/15/12	41283DAA1	70000	71737.28	0.39%
BANK OF AMERICA CORP	BAC 1.5 10/09/15	06051GER6	70000	70140.98	0.38%
SDART 2012-3 A3	SDART 1.08 04/15/16	80282WAC4	56000	56420.73	0.31%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50198.94	0.27%
FREDDIE MAC DISCOUNT NT	FREDN 0 01/14/13	313397AP6	50000	49984.09	0.27%
NUCOR CORP	NUE 5 12/01/12	670346AF2	48000	49146.54	0.27%
PSEG POWER LLC	PEG 2.5 04/15/13	69362BAV4	25000	25265.36	0.14%

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.