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	1003029.56	4.01%
FANNIE MAE	FNMA 0 09/17/12	31398A4E9	650000	650104.43	2.60%
FREDDIE MAC DISCOUNT NT	FREDN 0 01/07/13	313397AG6	550000	549691.93	2.20%
AMOT 2010-2 A	AMOT 4.25 04/15/17	02005AAF5	500000	539794.94	2.16%
FREDDIE MAC	FHLMC 0 11/04/13	3134G25F5	500000	500042.32	2.00%
FREDDIE MAC DISCOUNT NT	FREDN 0 01/14/13	313397AP6	450000	449734.28	1.80%
DETROIT EDISON COMPANY	DTE 6.4 10/01/13	250847EE6	400000	434611.87	1.74%
IBM CORP	IBM 0.55 02/06/15	459200HB0	380000	380481.06	1.52%
MET LIFE GLOB FUNDING I	MET 1.7 06/29/15	59217GAV1	355000	361992.71	1.45%
CITIGROUP INC	C 5.3 10/17/12	172967EL1	350000	358929.47	1.44%
BARRICK GOLD CORP	ABXCN 1.75 05/30/14	067901AE8	350000	357210.21	1.43%
VERIZON COMMUNICATIONS	VZ 1.25 11/03/14	92343VBB9	350000	357076.73	1.43%
ENTERGY LOUISIANA LLC	ETR 1.875 12/15/14	29364WAP3	345000	355671.65	1.42%
AMERICAN HONDA FINANCE	HNDA 1.45 02/27/15	02666QK69	350000	354262.34	1.42%
RIO TINTO FIN USA LTD	RIOLN 1.125 03/20/15	76720AAA4	350000	353948.61	1.42%
TOYOTA MOTOR CREDIT CORP	TOYOTA 1 02/17/15	89233P5Z5	350000	353719.76	1.42%
AT&T INC	T 0.875 02/13/15	00206RBB7	350000	353088.93	1.41%
WESTPAC BANKING CORP	WSTP 0 03/31/14	9612E0CD7	350000	352237.07	1.41%
SABMILLER HOLDINGS INC	SABLN 1.85 01/15/15	78573AAD2	340000	349142.22	1.40%
TEVA PHARMACEUT FIN BV	TEVA 0 11/08/13	88165FAB8	330000	332623.36	1.33%
BRITISH TEL PLC	BRITEL 0 12/20/13	111021AF8	325000	328215.54	1.31%
SOUTHERN CAL EDISON	EIX 0 09/15/14	842400FS7	320000	321853.02	1.29%
USAA CAPITAL CORP	USAA 1.05 09/30/14	90327QCV9	315000	318269.44	1.27%
PRINCIPAL LIFE INC FDG	PFG 5.3 04/24/13	74254PYE6	300000	314771.77	1.26%
AMERICAN INTL GROUP	AIG 3 03/20/15	026874CT2	300000	312544.50	1.25%
AESOP 2010-4A A	AESOP 2.09 04/20/15	05377RAH7	300000	304468.08	1.22%
BHP BILLITON FIN USA LTD	BHP 1 02/24/15	055451AN8	300000	303302.23	1.21%
NEVADA POWER CO	NVE 5.875 01/15/15	641423BK3	270000	302672.68	1.21%
SANOFI-AVENTIS	SANFP 0 03/28/14	80105NAC9	300000	302131.91	1.21%
JPMORGAN CHASE AND CO	JPM 0 01/24/14	46623EJF7	300000	302057.23	1.21%
PUB SVC ELEC N GAS	PEG 0.85 08/15/14	74456QAY2	300000	301976.63	1.21%
GLAXOSMITHKLINE CAPITAL	GSK 0.75 05/08/15	377373AB1	300000	301946.50	1.21%
NATIONAL AUSTRALIA BANK	NAB 0 07/25/14	6325C0CD1	300000	301952.73	1.21%
GENERAL ELEC CAP CORP	GE 0 04/07/14	36962G5B6	300000	301639.32	1.21%
BANK OF MONTREAL	BMO 0 04/29/14	06366QGN1	300000	301120.40	1.21%
CNHMT 2011-1A A	CNHMT 0 12/15/15	12615SAN0	300000	300778.13	1.20%
HEWLETT-PACKARD CO	HPQ 0 05/30/14	428236BJ1	300000	297494.31	1.19%
CONS EDISON CO OF NY	ED 4.875 02/01/13	209111EA7	257000	262692.16	1.05%
PHILLIPS 66	PSX 1.95 03/05/15	718546AD6	250000	257241.54	1.03%
ONCOR ELECTRIC DELIVERY	ONCRTX 6.375 01/15/15	68233DAL1	230000	256660.18	1.03%
DEUTSCHE BANK AG LONDON	DB 4.875 05/20/13	2515A0NY5	245000	255179.78	1.02%
JOHN DEERE CAP COR	DE 0.95 06/29/15	24422ERS0	250000	252335.53	1.01%
BP CAPITAL MARKETS PLC	BPLN 0 12/06/13	05565QBW7	250000	252299.01	1.01%
SEMPRA ENERGY	SRE 0 03/15/14	816851AR0	250000	250708.34	1.00%
CAMERON INTL CORP	CAM 1.6 04/30/15	13342BAH8	240000	243021.65	0.97%
NEXTERA ENERGY CAPITAL	NEE 1.611 06/01/14	65339KAC4	240000	242745.96	0.97%
TALISMAN ENERGY	TLMCN 5.125 05/15/15	87425EAG8	220000	241887.42	0.97%
CENTERPOINT ENERGY	CNP 6.85 06/01/15	15189TAG2	210000	240616.74	0.96%
TOTAL CAPITAL CANADA LTD	TOTAL 1.625 01/28/14	89153UAB7	235000	239190.42	0.96%
BANK OF NOVA SCOTIA	BNS 0 01/12/15	064159AN6	235000	238817.96	0.96%
INTL LEASE FINANCE CORP	AIG 6.5 09/01/14	459745FY6	215000	235962.50	0.94%
CATERPILLAR FINANCIAL SE	CAT 1.375 05/20/14	14912L4V0	230000	234190.06	0.94%
PRUDENTIAL FINANCIAL INC	PRU 2.75 01/14/13	74432QBK0	230000	232593.54	0.93%
SDART 2010-A A4	SDART 2.39 06/15/17	80282FAG2	220000	226070.73	0.90%
JOHNSON CONTROLS INC	JCI 0 02/04/14	478366AY3	225000	225854.45	0.90%
SMAT 2011-2USA A4A	SMAT 2.31 04/14/17	78446KAF0	220000	225058.38	0.90%
ENERGY TRANSFER PARTNERS	ETP 5.95 02/01/15	29273RAB5	190000	209337.69	0.84%
ANHEUSER-BUSCH INBEV WOR	ABIBB 0 01/27/14	03523TBC1	205000	206640.23	0.83%
GENERAL ELEC CAP CORP	GE 2.625 12/28/12	36967HAY3	200000	202481.75	0.81%
FORDF 2010-5 A1	FORDF 1.5 09/15/15	34528QAU8	200000	202212.25	0.81%
CF 2011-2A A	CF 0 04/07/24	165182AX4	200000	201936.67	0.81%
BARCLAYS BANK PLC	BACR 2.5 01/23/13	06739FGP0	200000	201846.78	0.81%
FORDF 2010-1 A	FORDF 0 12/15/14	34528QAJ3	200000	201066.59	0.80%
GEDFT 2009-2A A	GEDFT 0 10/20/14	36159LBK1	200000	200536.12	0.80%
GOLDMAN SACHS GROUP INC	GS 0 02/07/14	38143USB8	200000	199255.31	0.80%
HSBC FINANCE CORP	HSBC 0 01/15/14	40429CFV9	200000	198428.91	0.79%
EMERSON ELECTRIC CO	EMR 4.5 05/01/13	291011AT1	187000	194701.03	0.78%
ARISTOTLE HOLDING INC	ESRX 2.75 11/21/14	04044TAA4	175000	182703.49	0.73%
PRUDENTIAL FINANCIAL INC	PRU 4.75 04/01/14	74432QAD7	170000	182641.82	0.73%
TESCO CORP	TSCOLN 2 12/05/14	881575AE4	175000	178118.29	0.71%
TRANS-CANADA PIPELINES	TRPCN 0.875 03/02/15	893526DL4	175000	177022.25	0.71%
COMMONWEALTH EDISON	EXC 1.625 01/15/14	202795HW3	170000	172757.30	0.69%
PROCTER GAMBLE CO/THE	PG 0 02/06/14	742718DX4	160000	160167.57	0.64%
DUKE ENERGY OHIO INC	DUK 5.7 09/15/12	172070CN2	150000	154138.25	0.62%
NATIONAL RURAL UTIL COOP	NRUC 1 02/02/15	637432MP7	150000	151919.03	0.61%
QUEST DIAGNOSTIC INC	DGX 0 03/24/14	74834LAT7	140000	141208.12	0.57%
GLAXOSMITHKLINE	GSK 4.85 05/15/13	377372AC1	135000	141160.67	0.57%
GEET 2012-1 A4	GEET 1.23 01/22/20	36162NAD9	135000	136694.72	0.55%
NATIONAL RURAL UTILITIES	NRUC 4.75 03/01/14	637432DC6	125000	135597.50	0.54%
FANNIE MAE	FNMA 0 11/23/12	31398A6S6	130000	130036.97	0.52%
HCP INC	HCP 2.7 02/01/14	40414LAB5	125000	127831.75	0.51%
BOEING CAPITAL CORP	BA 5.8 01/15/13	097014AH7	120000	123248.53	0.49%
CLEVELAND ELEC ILLUMINAT	FE 5.65 12/15/13	186108CD6	110000	117300.35	0.47%
MACK-CALI REALTY L.P.	CLI 5.125 02/15/14	55448QAJ5	105000	110141.52	0.44%
TRANSALTA CORP	TACN 5.75 12/15/13	89346DAB3	100000	105646.69	0.42%
FLORIDA POWER CORP	DUK 4.8 03/01/13	341099CC1	100000	104537.60	0.42%
KROGER CO.	KR 5 04/15/13	501044CJ8	100000	104352.39	0.42%
WFNMT 2009-D A	WFNMT 4.66 05/15/17	981464CE8	100000	103564.81	0.41%
COX COMMUNICATIONS INC	COXENT 7.125 10/01/12	224044BE6	100000	103412.15	0.41%
ANHEUSER-BUSCH INBEV WOR	ABIBB 3 10/15/12	03523TAL2	100000	101409.13	0.41%
FORDF 2010-5 A2	FORDF 0 09/15/15	34528QAV6	100000	100646.80	0.40%
COMET 2006-A12 A	COMET 0 07/15/16	14041NDC2	100000	99919.14	0.40%
AMERICAN EXPRESS CREDIT	AXP 1.75 06/12/15	0258M0DE6	95000	97584.32	0.39%
CAMERON INTL CORP FLOAT	CAM 0 06/02/14	13342BAG0	95000	95286.42	0.38%
AMEREN CORPORATION	AEE 8.875 05/15/14	023608AE2	75000	85133.93	0.34%
21ST CENTURY INSUR GRP	FARMER 5.9 12/15/13	90130NAB9	75000	79238.67	0.32%
ERAC USA FINANCE COMPANY	ENTERP 2.25 01/10/14	26884TAC6	75000	76036.39	0.30%
HARLEY-DAVIDSON FUNDING	HOG 5.25 12/15/12	41283DAA1	70000	71505.44	0.29%
Cash		Cash	63371	63371.80	0.25%
BHP BILLITON FIN USA LTD	BHP 5.5 04/01/14	055451AG3	55000	60528.64	0.24%
SDART 2012-3 A3	SDART 1.08 04/15/16	80282WAC4	56000	56378.90	0.23%
US TREASURY COLLATERAL	T 0.5 05/31/13	912828QZ6	50000	50184.62	0.20%
NUCOR CORP	NUE 5 12/01/12	670346AF2	48000	49084.56	0.20%
CFAIT 2009-1 A3	CFAIT 2.59 10/15/13	17290DAC8	32784	32865.72	0.13%
PSEG POWER LLC	PEG 2.5 04/15/13	69362BAV4	25000	25529.56	0.10%

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.