[SCHEDULE 13G/A] abrdn Emerging Markets ex-China Fund, Inc. SEC Filing

Rhea-AI Filing Summary

Allspring Global Investments Holdings, LLC reported beneficial ownership of 3,120,447 shares of abrdn Emerging Markets ex Chin common shares, representing 7.7% of the class as of 09/30/2025. The filer discloses sole voting power over 3,089,582 shares and sole dispositive power over 3,120,447 shares. The filing states these shares are held for clients of investment adviser entities affiliated with Allspring and were acquired and are held in the ordinary course of business. The Schedule is an Amendment No. 7 to the original filing.

Positive

• Significant stake disclosed: 3,120,447 shares equal to 7.7% of the class
• Clear control over voting: sole voting power on 3,089,582 shares
• Ordinary-course holding specified, indicating passive/managerial intent rather than activist intent

Negative

• Concentrated ownership at 7.7% could be material to shareholder votes
• No shared voting partners disclosed, which centralizes decision authority in the filer

Insights

Institutional Ownership Analyst

Large passive stake disclosed: 3.12M shares (7.7%) with sole voting and dispositive power.

The reported position shows an institutional owner holding a 7.7% stake in the issuer with sole voting power on 3,089,582 shares and sole dispositive authority over 3,120,447 shares as of 09/30/2025. This indicates direct control over voting and disposition for the bulk of the stake.

The stake is held for clients of affiliated investment advisers and is stated to be held in the ordinary course of business. Monitor any future amendments or additional Section filings for changes in percentage or voting arrangements over the next quarter.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

abrdn Emerging Markets ex Chin

(Name of Issuer)

Mutual Fund COM

(Title of Class of Securities)

00301W105

(CUSIP Number)

09/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 00301W105

1

Names of Reporting Persons

Allspring Global Investments Holdings, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,089,582.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,120,447.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,120,447.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.7 %

12

Type of Reporting Person (See Instructions)

HC

SCHEDULE 13G

Item 1.
(a)	Name of issuer: abrdn Emerging Markets ex Chin
(b)	Address of issuer's principal executive offices: C/O ABRDN INC, SUITE 200, 1900 MARKET STREET, PHILADELPHIA, US-PA, 19103, US
Item 2.
(a)	Name of person filing: Allspring Global Investments Holdings, LLC
(b)	Address or principal business office or, if none, residence: 1415 Vantage Park Drive, Charlotte, 28203, North Carolina, United States
(c)	Citizenship: DELAWARE
(d)	Title of class of securities: Mutual Fund COM
(e)	CUSIP No.: 00301W105
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,120,447
(b)	Percent of class: 7.7 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,089,582
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,120,447
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. The securities as to which this Schedule is filed are owned of record by clients of one or more Investment Advisers identified in Exhibit A directly or indirectly owned by Allspring Global Investments Holdings, LLC. Those Clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds for the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities, except as follows: None
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit A
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Allspring Global Investments Holdings, LLC

Signature:	Jennifer Grunberg
Name/Title:	Senior Compliance Manager
Date:	10/06/2025

Exhibit Information

Exhibit A Subsidiary Allspring Global Investments, LLC* - IA Allspring Funds Management, LL - IA *Entity beneficially owns 5% or greater of the outstanding shares of the security class being reported on this schedule 13G.

FAQ

What stake does Allspring Global Investments Holdings report in AEF?

Allspring reports beneficial ownership of 3,120,447 shares, representing 7.7% of the class.

How much voting power does Allspring hold in AEF (symbol AEF)?

Allspring has sole voting power over 3,089,582 shares and sole dispositive power over 3,120,447 shares.

As of what date is the ownership reported?

The ownership is reported as of 09/30/2025 with the signature dated 10/06/2025.

Are these shares held on behalf of clients or the filer directly?

The filing states the securities are owned of record by clients of investment advisers affiliated with Allspring; no single client is identified as owning more than 5% of the class.

Does the filing indicate an intent to influence control of the issuer?

The signer certifies the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.