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

AB Global Real Estate Investment Fund

Portfolio of Investments

August 31, 2024 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 99.9%
Equity Real Estate Investment Trusts (REITs) – 83.7%
Data Center REITs – 7.7%
Digital Realty Trust, Inc.		10,520	$	1,594,937
Equinix, Inc.		3,175		2,649,093
				4,244,030
Diversified REITs – 5.9%
Charter Hall Group		27,560		268,387
Covivio SA/France		3,486		194,042
Essential Properties Realty Trust, Inc.		27,150		866,356
KDX Realty Investment Corp.		135		149,489
Land Securities Group PLC		46,420		385,380
Merlin Properties Socimi SA		18,100		222,068
Stockland		337,260		1,138,962
				3,224,684
Health Care REITs – 10.5%
Aedifica SA		3,690		248,941
Alexandria Real Estate Equities, Inc.		8,600		1,028,302
American Healthcare REIT, Inc.		48,780		1,020,965
Ventas, Inc.		21,510		1,335,986
Welltower, Inc.		17,920		2,162,586
				5,796,780
Hotel & Resort REITs – 2.2%
Hoshino Resorts REIT, Inc.		57		197,883
Invincible Investment Corp.		127		56,259
Japan Hotel REIT Investment Corp.		494		253,463
Ryman Hospitality Properties, Inc.		4,770		495,889
Xenia Hotels & Resorts, Inc.		15,560		221,574
				1,225,068
Industrial REITs – 16.3%
CapitaLand Ascendas REIT		296,200		653,029
Dream Industrial Real Estate Investment Trust		33,767		341,767
Goodman Group		37,340		842,384
Lineage, Inc.(a) (b)		4,713		395,421
Mapletree Industrial Trust		95,100		177,797
Mitsui Fudosan Logistics Park, Inc.		139		418,262
Nippon Prologis REIT, Inc.		219		385,796
Prologis, Inc.		28,317		3,619,479
Rexford Industrial Realty, Inc.		17,900		911,468
Segro PLC		33,110		381,197
STAG Industrial, Inc.		9,820		398,496
Tritax Big Box REIT PLC		219,090		470,702
				8,995,798
Multi-Family Residential REITs – 9.4%
Comforia Residential REIT, Inc.		133		291,922
Independence Realty Trust, Inc.(a)		54,830		1,139,367
Killam Apartment Real Estate Investment Trust(a)		25,880		382,732
Mid-America Apartment Communities, Inc.		9,700		1,574,989
UDR, Inc.		32,410		1,442,569
UNITE Group PLC (The)		28,250		356,625
				5,188,204
Office REITs – 3.9%
BXP, Inc.		5,210		391,896
COPT Defense Properties		19,290		574,649
Derwent London PLC		9,010		276,415
Dexus		55,740		270,909
Japan Real Estate Investment Corp.		46		184,813
Nippon Building Fund, Inc.		106		475,665
				2,174,347
Other Specialized REITs – 5.1%
Iron Mountain, Inc.		12,090		1,369,313
VICI Properties, Inc.		42,700		1,429,596
				2,798,909
Retail REITs – 14.0%
Acadia Realty Trust		37,620		846,826
Brixmor Property Group, Inc.		29,650		812,114

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Company	Shares		U.S. $ Value
CapitaLand Integrated Commercial Trust		286,260	$	465,119
Frasers Centrepoint Trust		140,600		256,563
Japan Metropolitan Fund Invest(a)		349		220,677
Klepierre SA(b)		13,110		391,351
Link REIT - Class H		76,250		358,339
NETSTREIT Corp.		32,043		534,798
Phillips Edison & Co., Inc.		4,400		162,624
Realty Income Corp.		21,203		1,316,918
Region RE Ltd.		355,790		541,416
Simon Property Group, Inc.		10,748		1,798,678
				7,705,423
Self-Storage REITs – 6.0%
Big Yellow Group PLC		14,460		240,284
Extra Space Storage, Inc.		7,430		1,315,110
Public Storage		5,090		1,749,535
				3,304,929
Single-Family Residential REITs – 2.7%
Invitation Homes, Inc.		19,130		704,749
Sun Communities, Inc.		5,573		753,693
				1,458,442
				46,116,614
Real Estate Management & Development – 13.8%
Diversified Real Estate Activities – 4.3%
Mitsubishi Estate Co., Ltd.		28,700		493,782
Mitsui Fudosan Co., Ltd.		131,300		1,422,242
Sumitomo Realty & Development Co., Ltd.		12,600		431,602
				2,347,626
Real Estate Development – 1.8%
Katitas Co., Ltd.		24,000		310,425
Sino Land Co., Ltd. – Class H		622,000		665,182
				975,607
Real Estate Operating Companies – 7.3%
Azrieli Group Ltd.		2,500		170,417
CapitaLand Investment Ltd./Singapore		91,600		190,283
Castellum AB(b)		34,880		476,969
Catena AB		4,780		264,850
CTP NV		8,939		167,997
Fastighets AB Balder - Class B(b)		27,340		214,154
LEG Immobilien SE		3,730		360,206
PSP Swiss Property AG (REG)		5,250		761,870
Shurgard Self Storage Ltd.		3,270		143,966
Swire Properties Ltd. - Class H(a)		172,000		315,354
TAG Immobilien AG(b)		14,691		241,424
Vonovia SE		21,134		730,500
				4,037,990
Real Estate Services – 0.4%
Unibail-Rodamco-Westfield		3,140		251,087
				7,612,310
Health Care Equipment & Services – 0.8%
Health Care Facilities – 0.8%
Chartwell Retirement Residences		42,700		462,281
Consumer Durables & Apparel – 0.8%
Homebuilding – 0.8%
PulteGroup, Inc.		3,170		417,330
Consumer Services – 0.5%
Hotels, Resorts & Cruise Lines – 0.5%
Hyatt Hotels Corp. – Class A		1,650		250,668

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Company			Shares			U.S. $ Value
Telecommunication Services – 0.3%
Integrated Telecommunication Services – 0.3%
Infrastrutture Wireless Italiane SpA				16,010		$	191,772
Total Common Stocks (cost $41,488,659)							55,050,975
	Principal Amount (000)
SHORT-TERM INVESTMENTS – 0.4%
Time Deposits – 0.2%
ANZ, Hong Kong
2.92%, 09/02/2024		AUD		93			62,695
3.41%, 09/02/2024		NZD		0	*		202
BBH, New York
0.50%, 09/02/2024		CHF		5			5,428
2.25%, 09/02/2024		SEK		56			5,478
3.26%, 09/02/2024		NOK		6			589
3.33%, 09/03/2024		CAD		5			3,591
Citibank, London
2.57%, 09/02/2024		EUR		5			5,471
HSBC, Hong Kong
2.02%, 09/02/2024		HKD		16			2,073
HSBC, Singapore
2.26%, 09/02/2024		SGD		7			5,420
SEB, Stockholm
3.91%, 09/02/2024		GBP		4			5,496
SMBC, Tokyo
0.01%, 09/02/2024		JPY		111			762
Total Time Deposits (cost $97,205)							97,205
	Shares
Investment Companies – 0.2%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.16%(c) (d) (e) (cost $96,848)				96,848			96,848
Total Short-Term Investments (cost $194,053)							194,053
Total Investments Before Security Lending Collateral for Securities Loaned – 100.5% (cost $41,682,712)							55,245,028
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 2.0%
Investment Companies – 2.0%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.16%(c) (d) (e) (cost $1,124,256)				1,124,256			1,124,256
Total Investments – 102.3% (cost $42,806,968)(f)							56,369,284
Other assets less liabilities – (2.3)%							(1,268,978	)
Net Assets – 100.0%						$	55,100,306

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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	147		AUD	220		09/19/2024		$	2,446
Brown Brothers Harriman & Co.		USD	111		SEK	1,170		09/19/2024			2,793
Brown Brothers Harriman & Co.		USD	205		NZD	344		09/26/2024			10,295
Brown Brothers Harriman & Co.		JPY	52,867		USD	364		10/17/2024			(345	)
Brown Brothers Harriman & Co.		USD	178		JPY	26,097		10/17/2024			1,902
Brown Brothers Harriman & Co.		CHF	277		USD	323		10/25/2024			(4,951	)
Brown Brothers Harriman & Co.		EUR	236		USD	259		10/25/2024			(2,752	)
Brown Brothers Harriman & Co.		USD	204		CHF	172		10/25/2024			(188	)
Brown Brothers Harriman & Co.		CAD	280		USD	207		11/07/2024			(1,663	)
Brown Brothers Harriman & Co.		USD	206		CAD	280		11/07/2024			1,858
Brown Brothers Harriman & Co.		USD	158		GBP	120		11/08/2024			(700	)
										$	8,695

* Principal amount less than 500.

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

(b) Non-income producing security.

(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 August 31, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $13,847,905 and gross unrealized depreciation of investments was $(276,894), resulting in net unrealized appreciation of $13,571,011.

  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

JPY – Japanese Yen

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

COUNTRY BREAKDOWN¹

August 31, 2024 (unaudited)

64.0	%	United States
9.6	%	Japan
5.6	%	Australia
3.8	%	United Kingdom
3.2	%	Singapore
2.4	%	Hong Kong
2.4	%	Germany
2.2	%	Canada
1.7	%	Sweden
1.5	%	France
1.4	%	Switzerland
0.7	%	Belgium
0.4	%	Spain
1.0	%	Other
2.4	%	Short-Term Investments
(2.3	)%	Other Assets Less Liabilities
100.0	%	Total Net Assets

1 The Fund’s country breakdown is expressed as a percentage of total net assets 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 0.4% or less in the following: Israel, Italy and Netherlands.

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AB Global Real Estate Investment Fund

August 31, 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 August 31, 2024:

Investments in Securities	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks:
Equity Real Estate Investment Trusts (REITs)	$	35,618,890	$	10,497,724		$	-0-	$	46,116,614
Real Estate Management & Development		-0-		7,612,310			-0-		7,612,310
Health Care Equipment & Services		462,281		-0-			-0-		462,281
Consumer Durables & Apparel		417,330		-0-			-0-		417,330
Consumer Services		250,668		-0-			-0-		250,668
Telecommunication Services		-0-		191,772			-0-		191,772
Short-Term Investments:
Time Deposits		97,205		-0-			-0-		97,205
Investment Companies		96,848		-0-			-0-		96,848
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		1,124,256		-0-			-0-		1,124,256
Total Investments in Securities		38,067,478		18,301,806	+		-0-		56,369,284
Other Financial Instruments*:
Assets
Forward Currency Exchange Contracts		-0-		19,294			-0-		19,294
Liabilities
Forward Currency Exchange Contracts		-0-		(10,599	)		-0-		(10,599	)
Total	$	38,067,478	$	18,310,501		$	-0-	$	56,377,979

+ 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.

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* 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 nine months ended August 31, 2024 is as follows:

Fund	Market Value 11/30/23 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 8/31/24 (000)		Dividend Income (000)
Government Money Market Portfolio	$	28	$	12,864	$	12,795	$	97	$	8
Government Money Market Portfolio*		-0-		7,045		5,921		1,124		2
Total							$	1,221	$	10

* Investments of cash collateral for securities lending transactions.

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