Morgan Stanley, Parametric report 8.2% stake in abrdn Fund (AOD)

Rhea-AI Filing Summary

The reporting persons Morgan Stanley and Parametric Portfolio Associates LLC filed an amendment (Schedule 13G/A, Amendment No. 7) reporting collective beneficial ownership of 8,596,239 shares of Common Stock of abrdn Total Dynamic Dividend Fund (CUSIP 00326L100), representing 8.2% of the class as shown in the filing. The cover lists 03/31/2026 and signatures are dated 05/11/2026. The filing indicates shared voting and dispositive power amounts and attaches a Joint Filing Agreement and Item 7 subsidiary information.

Insights

Institutional Ownership Analyst

Large passive ownership stake recorded by institutional holders.

The filing shows 8,596,239 shares held jointly by Morgan Stanley reporting units and Parametric Portfolio Associates LLC, equal to 8.2% of the class as of 03/31/2026. The reporting lists shared voting and shared dispositive power figures rather than sole control.

Implications depend on each firm's investment mandate and disposition decisions; any material changes would appear in subsequent amendments or filings.

Compliance & SEC Filings Specialist

Amendment updates beneficial ownership and provides required exhibits.

The Schedule 13G/A (Amendment No. 7) includes Exhibit 99.1 (Joint Filing Agreement) and Exhibit 99.2 (Item 7 subsidiary identification) and is signed by authorized signatories on 05/11/2026. The filing follows the Release No. 34-39538 disclosure format for Morgan Stanley reporting units.

Stake levels and exhibited agreements are the primary recordable items; further action requires future amendments if holdings change.

Key Figures

Shares beneficially owned: 8,596,239 shares Percent of class: 8.2% CUSIP: 00326L100 +2 more

5 metrics

Shares beneficially owned 8,596,239 shares reported on Schedule 13G/A (Amendment No. 7)

Percent of class 8.2% percent of class as stated in Item 4(b)

CUSIP 00326L100 abrdn Total Dynamic Dividend Fund Common Stock

Reporting date 03/31/2026 cover page reporting date listed in the filing

Signature dates 05/11/2026 authorized signatories for Morgan Stanley and Parametric

Key Terms

Schedule 13G/A, Beneficially owned, Shared Dispositive Power, Joint Filing Agreement, +1 more

5 terms

Schedule 13G/A regulatory

"Schedule 13G/A (Amendment No. 7) reporting beneficial ownership"

A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.

Beneficially owned financial

"securities beneficially owned, or that may be deemed to be beneficially owned"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Shared Dispositive Power regulatory

"Shared Dispositive Power 8,596,239.00"

Joint Filing Agreement regulatory

"Exhibit 99.1 Joint Filing Agreement"

Release No. 34-39538 regulatory

"In Accordance with the Release No. 34-39538 (January 12, 1998)"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 7)

abrdn Total Dynamic Dividend Fund

(Name of Issuer)

Common Stock

(Title of Class of Securities)

00326L100

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 00326L100

1

Names of Reporting Persons

Morgan Stanley

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 0.00
6	Shared Voting Power 1,108,323.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,596,239.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,596,239.00

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)

8.2 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 00326L100

1

Names of Reporting Persons

Parametric Portfolio Associates 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 0.00
6	Shared Voting Power 1,108,323.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 8,596,239.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

8,596,239.00

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)

8.2 %

12

Type of Reporting Person (See Instructions)

IA, CO

SCHEDULE 13G

Item 1.
(a)	Name of issuer: abrdn Total Dynamic Dividend Fund
(b)	Address of issuer's principal executive offices: 1900 MARKET STREET, SUITE 200, PHILADELPHIA, PA, 19103
Item 2.
(a)	Name of person filing: 1: Morgan Stanley 2: Parametric Portfolio Associates LLC
(b)	Address or principal business office or, if none, residence: 1: 1585 Broadway, New York, NY 10036 ;2: 800 Fifth Avenue, Suite 2800, Seattle, WA 98104
(c)	Citizenship: 1: Delaware 2: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 00326L100
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: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: 8.2 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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 99.2
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. * In Accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by certain operating units (collectively, the "MS Reporting Units") of Morgan Stanley and its subsidiaries and affiliates (collectively, "MS"). This filing does not reflect securities, if any, beneficially owned by any operating units of MS whose ownership of securities is disaggregated from that of the MS Reporting Units in accordance with the Release.

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.

Morgan Stanley

Signature:	Claire Gordon
Name/Title:	Authorized Signatory, Morgan Stanley
Date:	05/11/2026

Parametric Portfolio Associates LLC

Signature:	Cindy Kim
Name/Title:	Authorized Signatory, Parametric Portfolio Associates LLC
Date:	05/11/2026

Exhibit Information

EXHIBIT NO. EXHIBITS ------------------ ------------------------------------ 99.1 Joint Filing Agreement 99.2 Item 7 Information * Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001).

FAQ

What stake do Morgan Stanley and Parametric report in AOD?

They report beneficial ownership of 8,596,239 shares, equal to 8.2% of the class. The filing is a Schedule 13G/A (Amendment No. 7) showing shared voting and dispositive power and includes Exhibit 99.1 and Exhibit 99.2.

What date does the AOD Schedule 13G/A reference?

The cover lists 03/31/2026 as the reporting date and signatures are dated 05/11/2026. The filing’s ownership percentages and share counts are presented with those date references in the amendment.

Does the filing indicate sole voting or sole dispositive power?

No; the filing shows 0 sole voting power and 0 sole dispositive power for the reporting persons. It reports shared voting and shared dispositive power amounts instead.

What exhibits accompany this Schedule 13G/A for AOD?

The amendment attaches Exhibit 99.1 (Joint Filing Agreement) and Exhibit 99.2 (Item 7 subsidiary identification). These exhibits identify the joint filing arrangement and subsidiary classification information referenced in Item 7.

Who signed the AOD amendment and when?

The filing is signed by Claire Gordon for Morgan Stanley and Cindy Kim for Parametric Portfolio Associates LLC, both dated 05/11/2026. Signatures certify accuracy under the referenced SEC release.