Ab Global Real Estate Investment Fund NPORT-P Ab Global Real Estate Investment Fund, Inc. (Feb 2024 report)

AB Global Real Estate Investment Fund

Portfolio of Investments

February 29, 2024 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 99.7%
Equity Real Estate Investment Trusts (REITs) – 83.6%
Data Center REITs – 9.4%
Digital Realty Trust, Inc.		12,800	$	1,879,168
Equinix, Inc.		3,860		3,430,845
				5,310,013
Diversified REITs – 5.0%
Alexander & Baldwin, Inc.		15,770		256,420
Essential Properties Realty Trust, Inc.		32,180		768,780
KDX Realty Investment Corp.		271		271,269
Land Securities Group PLC		68,260		534,778
Merlin Properties Socimi SA		44,530		422,309
Stockland		196,360		573,729
				2,827,285
Health Care REITs – 5.8%
Ventas, Inc.		25,000		1,057,250
Welltower, Inc.		23,750		2,188,800
				3,246,050
Hotel & Resort REITs – 3.9%
Hoshino Resorts REIT, Inc.		32		117,444
Invincible Investment Corp.		414		169,987
Japan Hotel REIT Investment Corp.		886		429,535
Park Hotels & Resorts, Inc.		34,760		577,016
RLJ Lodging Trust		36,780		436,579
Ryman Hospitality Properties, Inc.		3,750		444,300
				2,174,861
Industrial REITs – 19.0%
CapitaLand Ascendas REIT		350,300		713,894
Centuria Industrial REIT		164,320		359,403
Dream Industrial Real Estate Investment Trust		48,367		452,967
LondonMetric Property PLC		161,610		369,798
Mapletree Industrial Trust		111,200		189,373
Mitsui Fudosan Logistics Park, Inc.(a)		118		334,463
Nippon Prologis REIT, Inc.(a)		231		386,475
Plymouth Industrial REIT, Inc.		21,553		464,898
Prologis, Inc.		36,737		4,895,940
Rexford Industrial Realty, Inc.		18,540		943,315
Segro PLC		51,150		547,075
STAG Industrial, Inc.		15,210		564,899
Tritax Big Box REIT PLC		258,710		479,843
				10,702,343
Multi-Family Residential REITs – 8.4%
Apartment Income REIT Corp.		21,890		663,705
AvalonBay Communities, Inc.		6,450		1,141,843
Comforia Residential REIT, Inc.		145		277,553
Equity Residential		25,020		1,506,454
Killam Apartment Real Estate Investment Trust(b)		46,510		652,165
UNITE Group PLC (The)		39,300		477,208
				4,718,928
Office REITs – 6.0%
Alexandria Real Estate Equities, Inc.		8,540		1,065,194
Boston Properties, Inc.		13,590		879,545
COPT Defense Properties		13,640		330,497
Daiwa Office Investment Corp.		56		217,938
Dexus		61,280		293,460
Japan Real Estate Investment Corp.		46		165,815
Nippon Building Fund, Inc.		106		408,229
				3,360,678
Other Specialized REITs – 2.2%
VICI Properties, Inc.		42,220		1,263,645
Retail REITs – 14.7%
Acadia Realty Trust		32,130		526,611
Brixmor Property Group, Inc.		35,400		800,394
CapitaLand Integrated Commercial Trust		246,060		358,911
Crombie Real Estate Investment Trust(b)		22,760		232,271
Frasers Centrepoint Trust		157,200		255,848

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Company	Shares		U.S. $ Value
Japan Metropolitan Fund Invest		235	$	138,497
Kite Realty Group Trust		27,700		593,057
Klepierre SA		18,960		481,647
Link REIT - Class H		168,650		836,269
NETSTREIT Corp.		36,613		615,465
Phillips Edison & Co., Inc.		9,020		322,194
Realty Income Corp.		21,973		1,145,013
Simon Property Group, Inc.		9,138		1,353,703
Vicinity Ltd.		465,000		587,217
				8,247,097
Self-Storage REITs – 4.9%
Extra Space Storage, Inc.		8,830		1,244,765
Public Storage		5,230		1,484,640
				2,729,405
Single-Family Residential REITs – 4.3%
American Homes 4 Rent - Class A		14,200		525,542
Equity LifeStyle Properties, Inc.		3,750		252,450
Invitation Homes, Inc.		22,140		754,310
Sun Communities, Inc.		6,443		861,815
				2,394,117
				46,974,422
Real Estate Management & Development – 13.8%
Diversified Real Estate Activities – 4.9%
City Developments Ltd.		30,300		127,713
Daito Trust Construction Co., Ltd.		1,300		154,220
Mitsubishi Estate Co., Ltd.		32,100		491,337
Mitsui Fudosan Co., Ltd.		56,700		1,539,228
Sumitomo Realty & Development Co., Ltd.		14,000		415,271
				2,727,769
Real Estate Development – 1.8%
CK Asset Holdings Ltd. - Class H		109,000		501,403
Sino Land Co., Ltd. - Class H		502,000		540,622
				1,042,025
Real Estate Operating Companies – 5.9%
CapitaLand Investment Ltd./Singapore		91,600		189,495
Castellum AB(a)		16,510		198,013
Catena AB		6,920		283,709
CTP NV		19,469		315,699
Fastighets AB Balder - Class B(a)		47,580		295,921
LEG Immobilien SE(a)		4,340		319,682
PSP Swiss Property AG (REG)		4,380		556,888
Shurgard Self Storage Ltd.		6,650		285,811
TAG Immobilien AG(a)		27,671		338,295
Vonovia SE		18,844		525,920
				3,309,433
Real Estate Services – 1.2%
Unibail-Rodamco-Westfield		8,910		651,530
				7,730,757
Consumer Durables & Apparel – 0.7%
Homebuilding – 0.7%
PulteGroup, Inc.		3,780		409,677
Consumer Services – 0.6%
Hotels, Resorts & Cruise Lines – 0.6%
Hyatt Hotels Corp. - Class A		2,160		331,754
Materials – 0.5%
Construction Materials – 0.5%
GCC SAB de CV		26,380		276,673

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Company	Shares			U.S. $ Value
Utilities – 0.5%
Gas Utilities – 0.5%
APA Group			51,300	$	261,900
Total Common Stocks (cost $47,977,950)					55,985,183
SHORT-TERM INVESTMENTS – 0.3%
Investment Companies – 0.2%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(c) (d) (e) (cost $103,886)			103,886		103,886
	Principal Amount (000)
Time Deposits – 0.1%
ANZ, Hong Kong 3.25%, 03/01/2024		NZD	9		5,601
BBH, New York 0.52%, 03/01/2024		CHF	5		5,636
2.70%, 03/01/2024		SEK	22		2,131
3.10%, 03/01/2024		AUD	38		24,906
3.32%, 03/01/2024		NOK	26		2,439
3.83%, 03/01/2024		CAD	13		9,695
Citibank, London 2.82%, 03/01/2024		EUR	6		6,074
HSBC, Hong Kong 3.00%, 03/01/2024		HKD	43		5,500
HSBC, Singapore 2.56%, 03/01/2024		SGD	3		2,431
Royal Bank of Canada, London 4.15%, 03/01/2024		GBP	4		5,627
SMBC, Tokyo (0.42)%, 03/01/2024		JPY	1,853		12,357
Total Time Deposits (cost $82,397)					82,397
Total Short-Term Investments (cost $186,283)					186,283
Total Investments Before Security Lending Collateral for Securities Loaned – 100.0% (cost $48,164,233)					56,171,466
	Shares
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 1.6%
Investment Companies – 1.6%
AB Fixed Income Shares, Inc. - Government
Money Market Portfolio - Class AB, 5.21%(c) (d) (e) (cost $906,350)			906,350		906,350
Total Investments – 101.6% (cost $49,070,583)(f)					57,077,816
Other assets less liabilities – (1.6)%					(906,040	)
Net Assets – 100.0%				$	56,171,776

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FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Brown Brothers Harriman & Co.		USD	214		NZD	344		03/07/2024		$	(4,943	)
Brown Brothers Harriman & Co.		JPY	70,165		USD	483		03/08/2024			14,622
Brown Brothers Harriman & Co.		USD	355		JPY	51,354		03/08/2024			(12,131	)
Brown Brothers Harriman & Co.		USD	181		ILS	673		03/13/2024			7,776
Brown Brothers Harriman & Co.		EUR	490		USD	539		03/14/2024			9,097
Brown Brothers Harriman & Co.		USD	171		EUR	158		03/14/2024			(601	)
Brown Brothers Harriman & Co.		CAD	217		USD	160		03/15/2024			623
Brown Brothers Harriman & Co.		MXN	2,611		USD	151		03/15/2024			(2,312	)
Brown Brothers Harriman & Co.		USD	162		CAD	217		03/15/2024			(2,487	)
Brown Brothers Harriman & Co.		AUD	240		USD	158		04/18/2024			1,714
Brown Brothers Harriman & Co.		GBP	133		USD	168		04/19/2024			(4	)
Brown Brothers Harriman & Co.		USD	183		NOK	1,939		04/30/2024			(300	)
Brown Brothers Harriman & Co.		USD	256		SEK	2,700		04/30/2024			5,012
Brown Brothers Harriman & Co.		CHF	160		USD	182		05/08/2024			166
										$	16,232

(a) Non-income producing security.

(b) Represents entire or partial securities out on loan.

(c) The rate shown represents the 7-day yield as of period end.

(d) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

(e) Affiliated investments.

(f) As of February 29, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $10,399,676 and gross unrealized depreciation of investments was $(2,376,211), resulting in net unrealized appreciation of $8,023,465.

  Please note: The industry classifications presented herein are based on industry categorization methodology of the Adviser. These industry classifications are broadly defined. The “Portfolio of Investments” section of the report reflects more specific sector information and is consistent with the investment restrictions discussed in the Fund’s prospectus.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – Great British Pound

HKD – Hong Kong Dollar

ILS – Israeli Shekel

JPY – Japanese Yen

MXN – Mexican Peso

NOK – Norwegian Krone

NZD – New Zealand Dollar

SEK – Swedish Krona

SGD – Singapore Dollar

USD – United States Dollar

Glossary:

REG – Registered Shares

REIT – Real Estate Investment Trust

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COUNTRY BREAKDOWN¹

February 29, 2024 (unaudited)

64.5	%	United States
9.8	%	Japan
4.3	%	United Kingdom
3.7	%	Australia
3.3	%	Hong Kong
3.3	%	Singapore
2.4	%	Canada
2.1	%	Germany
2.0	%	France
1.4	%	Sweden
1.0	%	Switzerland
0.8	%	Spain
0.6	%	Netherlands
0.5	%	Other
0.3	%	Short Term Investments
100.0	%	Total Investments

1 The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 0.5% or less in the following: Belgium.

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AB Global Real Estate Investment Fund

February 29, 2024 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1 - quoted prices in active markets for identical investments

• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which are then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of February 29, 2024:

Investments in Securities	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks:
Equity Real Estate Investment Trusts (REITs)	$	36,576,455	$	10,397,967		$	-0-	$	46,974,422
Real Estate Management & Development		-0-		7,730,757			-0-		7,730,757
Consumer Durables & Apparel		409,677		-0-			-0-		409,677
Consumer Services		331,754		-0-			-0-		331,754
Materials		276,673		-0-			-0-		276,673
Utilities		-0-		261,900			-0-		261,900
Short-Term Investments:
Investment Companies		103,886		-0-			-0-		103,886
Time Deposits		-0-		82,397			-0-		82,397
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		906,350		-0-			-0-		906,350
Total Investments in Securities		38,604,795		18,473,021	+		-0-		57,077,816
Other Financial Instruments*:
Assets
Forward Currency Exchange Contracts		-0-		39,010			-0-		39,010
Liabilities
Forward Currency Exchange Contracts		-0-		(22,778	)		-0-		(22,778	)
Total	$	38,604,795	$	18,489,253		$	-0-	$	57,094,048

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+ A significant portion of the Fund’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

* Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

A summary of the Fund’s transactions in AB mutual funds for the three months ended February 29, 2024 is as follows:

Fund	Market Value 11/30/23 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 2/29/24 (000)		Dividend Income (000)
Government Money Market Portfolio	$	28	$	3,232	$	3,156	$	104	$	2
Government Money Market Portfolio*		-0-		919		13		906		0	**
Total							$	1,010	$	2

* Investments of cash collateral for securities lending transactions.

** Amount is less than $500.

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