Aberdeen Asia-Pacific Smaller Companies Fund

Fund Holdings

Name	Ticker	Security No.	Shares	Market Value	Percent
Bukit Sembawang Estates	BS SP	B1FMSL4	183000	806971.67	2.71%
Aeon Malaysia	AEON MK	6506160	188800	773548.26	2.60%
Dah Sing Financial Holdings	440 HK	6249799	192338	739563.97	2.49%
ASM International	ASM NA	5165294	23150	731637.37	2.46%
BS Financial Group	138930 KS	B3S98W7	58000	656794.42	2.21%
Oriental Holdings	ORH MK	6661434	250200	640697.08	2.15%
United Plantations	UPL MK	6917148	76100	628588.06	2.11%
Venture Corp	VMS SP	6927374	100000	627027.17	2.11%
HOLCIM INDONESIA IDR500	SMCB IJ	6016614	1850000	625976.00	2.10%
DGB Financial Group	139130 KS	B68N347	49000	620025.67	2.08%
Wheelock Properties	WP SP	6564522	398000	590454.68	1.98%
HANA MICROELECTRONICS FOREIGN THB1	HANA/F TB	B407NK9	753000	540489.20	1.82%
Tisco Financial Group	TISCO/F TB	B3KFW76	369000	538751.85	1.81%
CMC INR10	CMC IN	6143062	25910	536912.06	1.80%
MULTI BINTANG INDONESIA IDR1000	MLBI IJ	6609542	7000	511608.50	1.72%
CDL Hospitality Trust	CDREIT SP	B192HG8	321000	509109.18	1.71%
Siam Makro	MAKRO/F TB	6798796	32800	492267.36	1.65%
Pacific Basin Shipping	2343 HK	B01RQM3	905000	484608.54	1.63%
UNITED MALACCA MYR1	UMR MK	6916684	196500	461898.35	1.55%
Castrol India	CSTRL IN	6114712	80300	453185.05	1.52%
Millennium & Copthorne Hotels	MLC LN	0562254	55000	445253.94	1.50%
WBL Corporation	WBL SP	6944908	150000	435230.62	1.46%
SATS	SATS SP	6243586	190000	434492.94	1.46%
Giordano International	709 HK	G6901M101	518000	430437.41	1.45%
Aventis Pharma SA	SANL IN	6100250	10250	424576.34	1.43%
MPHASIS INR10	MPHL IN	6151593	58450	420542.46	1.41%
COMFORTDELGRO CORP NPV	CD SP	6603737	300000	415559.18	1.40%
Tasek Corp.	TC MK	6874704	90000	407748.56	1.37%
M.P. EVANS GRP ORD GBP0.1 .	MPE LN	0753810	49675	400144.54	1.34%
YINGDE GASES GROUP	2168 HK	B4K19W5	418500	396896.42	1.33%
Texwinca Holdings	321 HK	G8770Z106	488000	388507.47	1.31%
Raffles Medical Group	RFMD SP	6734637	190000	381543.98	1.28%
Cash		Cash	374154	374154.20	1.26%
SHANGRI-LA HOTELS MYR1	SHMB MK	6801519	268500	373749.81	1.26%
CABCHARGE AUSTRALIA NPV	CAB AU	6194695	60000	368322.96	1.24%
KANSAI NEROLAC PAINTS INR10	KNPL IN	6291778	20777	367628.88	1.24%
GODREJ CONSUMER PRODUCTS INR1	GCPL IN	B1BDGY0	27100	363415.70	1.22%
Yanlord Land Group	YLLG SP	B17KMY7	350000	361462.72	1.21%
MINOR INTL THB1 (ALIEN MRKT)	MINT/F TB	B018BZ4	585400	349520.92	1.17%
SIAM CITY CEMENT THB10 (ALIEN MRKT)	SCCC/F TB	6806387	24600	341911.79	1.15%
Shinsegae	004170 KS	6805049	1864	333284.43	1.12%
PETRA FOODS NPV	PETRA SP	B039445	155000	332857.17	1.12%
BWP TST NPV	BWP AU	6127453	153000	331583.99	1.11%
Hongkong & Shanghai Hotels	45 HK	6436386	248020	327703.47	1.10%
Asia Satellite Telecom	1135 HK	6052607	99000	315519.74	1.06%
ARB CORP NPV	ARP AU	6002215	29345	312507.46	1.05%
BUMRUNGRAD HOSPITAL THB1 (ALIEN MRKT)	BH/F TB	B0166H5	125500	310167.10	1.04%
BANK PERMATA IDR12500 (LINKED SHS)	BNLI IJ	B013ZT1	2093000	309428.40	1.04%
EU YAN SANG INTERNATIONAL NPV	EYSAN SP	6279859	610000	304989.29	1.03%
AITKEN SPENCE NPV	SPEN SL	Y0029C103	307000	298868.28	1.00%
MANILA WATER PHP1	MWC PM	B0684C7	417000	293555.06	0.99%
BEC WORLD THB1 (ALIEN MRKT)	BEC/F TB	6728351	149000	286818.82	0.96%
FAR EAST HOSPITALITY TST NPV	FEHT SP	B8GM577	355000	286608.79	0.96%
ALLIANCE FINANCIAL GRP MYR1	AFG MK	6556938	213000	284606.52	0.96%
FRASER & NEAVE HLDGS MYR1	FNH MK	6555946	43100	280164.62	0.94%
Cafe de Coral Holdings	341 HK	G1744V103	94000	278358.78	0.94%
JOHN KEELLS HLDGS NPV	JKH SL	Y4459Q103	173000	272549.66	0.92%
IRESS MARKET TECHNOLOGY NPV	IRE AU	6297497	34000	270062.02	0.91%
GUINNESS ANCHOR MYR0.5	GUIN MK	6397803	49300	268674.12	0.90%
YNH PROPERTY MYR1	YNHB MK	6712365	420000	261983.37	0.88%
PANASONIC MANUFACTURING MALAYSIA MYR1	PMM MK	6572600	35600	257124.53	0.86%
BURSA MALAYSIA MYR0.50	BURSA MK	B06FV38	124000	256875.02	0.86%
Hong Kong Aircraft Engineering	44 HK	6435264	18800	256648.01	0.86%
SINGAPORE POST NPV	SPOST SP	6609478	240000	224254.42	0.75%
AKR CORPORINDO TBK IDR100	AKRA IJ	6048156	480000	222384.16	0.75%
BANK OCBC NISP IDR125	NISP IJ	6587604	1569311	222203.31	0.75%
JOLLIBEE FOODS PHP1.00	JFC PM	Y4466S100	85820	220200.87	0.74%
CENTRAL PATTANA THB1 (ALIEN MRKT)	CPN/F TB	B013L59	87900	203618.20	0.68%
Gujarat Gas	GGAS IN	B1XDWL7	34670	192700.70	0.65%
TESCO LOTUS RETAIL GROWTH FR THB10.364	TLGF TB	B7HJYW8	370000	185905.32	0.62%
LAFARGE MALAYAN CEMENT MYR1	LMC MK	6556518	57400	183733.08	0.62%
CHEVRON LUBRICANTS LANKA NPV	LLUB SL	6517270	119600	183646.80	0.62%
POS MALAYSIA MYR0.5	POSM MK	6965909	179000	177472.39	0.60%
HONG LEONG FINANCE NPV	HLF SP	6811767	85000	174174.21	0.59%
COMMERCIAL BANK OF CEYLON NPV	COMB SL	Y16904107	190755	153629.14	0.52%
BIG C Supercenter	BIGC/F TB	6763932	21500	133278.91	0.45%
Green Dragon Gas	GDG LN	B18S7D4	31950	128425.25	0.43%
Public Financial Hldgs	626 HK	G7297B105	250000	112902.21	0.38%
PIRAMAL HEALTHCARE INR2	PIEL IN	B058J56	11400	105237.33	0.35%
ASIAN TERMINALS PHP1	ATI PM	6001405	435200	97192.38	0.33%
Aeon Credit Service Asia	900 HK	6008321	100000	90966.92	0.31%
STAR PUBLICATIONS MYR1	STAR MK	6841571	75300	77376.69	0.26%
Cebu Holdings	CHI PM	6160135	361000	42939.68	0.14%
Dah Sing Banking Group	2356 HK	B01G0P1	29200	29199.74	0.10%
SBS TRANSIT NPV	SBUS SP	6094825	9500	11407.39	0.04%

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.