Bernstein Sanford C Fund Ii NPORT-P Bernstein Intermediate Duration Institutional Portfolio (Dec 2023 report)

Sanford C. Bernstein Fund II, Inc.

Schedule of Investments

Intermediate Duration Institutional Portfolio

December 31, 2023 (unaudited)

	Principal Amount (000)			U.S. $ Value
GOVERNMENTS - TREASURIES – 37.0%
United States – 37.0%
U.S. Treasury Bonds 1.25%, 05/15/2050		U.S.$	9,676	$	5,241,833
1.875%, 02/15/2051			876		558,568
2.00%, 11/15/2041			4,278		3,104,079
2.00%, 08/15/2051			9,349		6,132,622
2.25%, 08/15/2046			2,377		1,696,512
2.25%, 08/15/2049			15,570		10,918,463
2.25%, 02/15/2052			1,672		1,163,921
2.375%, 11/15/2049			4,905		3,533,133
2.50%, 02/15/2046			932		701,621
2.50%, 05/15/2046			5,327		4,001,984
2.875%, 08/15/2045			51		41,578
2.875%, 11/15/2046			387		310,930
2.875%, 05/15/2052			2,950		2,358,998
3.00%, 11/15/2044			200		165,751
3.00%, 05/15/2045			129		106,334
3.00%, 11/15/2045			363		299,836
3.00%, 05/15/2047(a)			1,447		1,186,314
3.00%, 02/15/2048			5,490		4,491,506
3.125%, 08/15/2044			50		42,453
3.25%, 05/15/2042			6,192		5,452,566
3.375%, 08/15/2042			6,591		5,899,303
3.375%, 05/15/2044			646		570,852
3.50%, 02/15/2039			8,105		7,694,684
3.625%, 08/15/2043			1,943		1,792,483
3.625%, 02/15/2044			38		34,918
3.625%, 02/15/2053			2,798		2,594,615
3.625%, 05/15/2053			4,008		3,721,339
3.75%, 11/15/2043			295		276,424
3.875%, 02/15/2043			3,999		3,826,256
3.875%, 05/15/2043			999		955,727
4.00%, 11/15/2042			5,931		5,784,188
4.125%, 08/15/2053			3,432		3,484,146
4.375%, 02/15/2038			899		947,005
4.375%, 11/15/2039			10,740		11,219,944
4.375%, 08/15/2043			7,123		7,296,521
4.50%, 02/15/2036			1,074		1,147,792
4.75%, 02/15/2037			1,525		1,672,734
4.75%, 11/15/2053			816		919,162
U.S. Treasury Notes 1.50%, 02/15/2030(b)			7,128		6,219,180
1.625%, 05/15/2026(b)			7,074		6,676,465
1.75%, 11/15/2029			1,386		1,238,954
2.625%, 02/15/2029			8,921		8,409,436
3.50%, 04/30/2028			11,325		11,155,421
3.75%, 12/31/2028			4,779		4,759,289
3.875%, 11/30/2027			34,871		34,816,514
3.875%, 12/31/2027			7,359		7,352,001
3.875%, 08/15/2033			7,004		7,009,272
4.00%, 02/29/2028			3,062		3,074,339
4.125%, 09/30/2027			4,748		4,780,542
4.125%, 10/31/2027			3,016		3,037,408
4.375%, 10/31/2024			4,250		4,231,705
4.375%, 11/30/2028			6,169		6,319,165
4.50%, 11/15/2033			5,067		5,330,958
4.625%, 09/30/2028			8,685		8,972,174

1

	Principal Amount (000)			U.S. $ Value
4.75%, 11/15/2043		U.S.$	4,991	$	5,371,564
4.875%, 11/30/2025			5,742		5,801,606
4.875%, 10/31/2028			15,016		15,687,341
5.00%, 10/31/2025			3,332		3,370,830
Total Governments - Treasuries (cost $286,902,573)					264,961,259
CORPORATES - INVESTMENT GRADE – 18.9%
Industrial – 10.4%
Basic – 0.6%
Braskem Netherlands Finance BV 4.50%, 01/10/2028(c)			689		559,468
Freeport Indonesia PT 4.763%, 04/14/2027(c)			324		319,176
Glencore Funding LLC 5.40%, 05/08/2028(c)			796		809,444
6.50%, 10/06/2033(c)			390		425,603
LyondellBasell Industries NV 5.75%, 04/15/2024			568		567,608
WRKCo, Inc. 4.00%, 03/15/2028			1,732		1,672,714
					4,354,013
Capital Goods – 0.7%
CNH Industrial Capital LLC 3.95%, 05/23/2025			1,191		1,170,003
Flowserve Corp. 2.80%, 01/15/2032			1,227		1,016,299
Regal Rexnord Corp. 6.05%, 02/15/2026(c)			1,381		1,395,735
Westinghouse Air Brake Technologies Corp. 3.20%, 06/15/2025			270		261,282
4.15%, 03/15/2024(d)			1,145		1,139,916
					4,983,235
Communications - Media – 1.0%
Charter Communications Operating LLC/Charter Communications Operating Capital 5.125%, 07/01/2049			467		380,040
Cox Communications, Inc. 5.70%, 06/15/2033(c)			479		499,506
Discovery Communications LLC 5.20%, 09/20/2047			509		439,262
Fox Corp. 4.709%, 01/25/2029			700		696,591
Interpublic Group of Cos., Inc. (The) 4.65%, 10/01/2028			519		513,514
5.375%, 06/15/2033			587		597,220
Meta Platforms, Inc. 4.95%, 05/15/2033			692		714,040
Prosus NV 3.257%, 01/19/2027(c)			489		449,422
4.027%, 08/03/2050(c)			485		316,159

2

	Principal Amount (000)		U.S. $ Value
Tencent Holdings Ltd. 3.24%, 06/03/2050(c)	U.S.$	1,022	$	684,239
Time Warner Cable LLC 4.50%, 09/15/2042		505		398,950
Warnermedia Holdings, Inc. 4.279%, 03/15/2032		1,826		1,670,553
				7,359,496
Communications - Telecommunications – 0.5%
AT&T, Inc. 2.25%, 02/01/2032		24		19,858
4.50%, 05/15/2035		408		386,992
5.40%, 02/15/2034		574		592,282
T-Mobile USA, Inc. 3.875%, 04/15/2030		734		696,852
5.05%, 07/15/2033		711		717,136
Verizon Communications, Inc. 2.55%, 03/21/2031		574		495,029
4.50%, 08/10/2033		888		866,493
				3,774,642
Consumer Cyclical - Automotive – 0.7%
Ford Motor Co. 3.25%, 02/12/2032		1,049		872,705
6.10%, 08/19/2032		250		252,228
Ford Motor Credit Co., LLC 2.70%, 08/10/2026		438		405,763
7.35%, 11/04/2027		330		347,695
General Motors Co. 6.125%, 10/01/2025		278		281,592
General Motors Financial Co., Inc. 4.30%, 04/06/2029		171		164,955
5.80%, 06/23/2028		420		431,768
Harley-Davidson Financial Services, Inc. 3.05%, 02/14/2027(c)		1,664		1,547,969
Hyundai Capital America 6.10%, 09/21/2028(c)		871		904,882
				5,209,557
Consumer Cyclical - Other – 0.5%
Las Vegas Sands Corp. 3.90%, 08/08/2029		1,159		1,070,557
Marriott International, Inc./MD 4.90%, 04/15/2029		1,017		1,023,539
5.55%, 10/15/2028		335		345,496
MDC Holdings, Inc. 6.00%, 01/15/2043		968		903,250
				3,342,842
Consumer Cyclical - Retailers – 0.3%
Ross Stores, Inc. 4.70%, 04/15/2027		1,925		1,904,691
Tapestry, Inc. 7.00%, 11/27/2026		357		370,366
				2,275,057

3

	Principal Amount (000)			U.S. $ Value
Consumer Non-Cyclical – 2.0%
Altria Group, Inc. 3.40%, 05/06/2030		U.S.$	1,745	$	1,594,092
BAT Capital Corp. 2.259%, 03/25/2028			2,084		1,864,263
4.906%, 04/02/2030			917		901,970
6.421%, 08/02/2033			591		618,836
7.75%, 10/19/2032			158		178,229
Bayer US Finance LLC 6.125%, 11/21/2026(c)			340		345,365
Cargill, Inc. 5.125%, 10/11/2032(c)			835		856,768
JBS USA LUX SA/JBS USA Food Co./JBS Luxembourg SARL 6.75%, 03/15/2034(c)			844		887,989
Ochsner LSU Health System of North Louisiana Series 2021 2.51%, 05/15/2031			1,480		1,000,302
Philip Morris International, Inc. 4.875%, 02/13/2026			1,753		1,757,979
5.375%, 02/15/2033			1,688		1,732,226
Pilgrim’s Pride Corp. 6.875%, 05/15/2034			1,317		1,421,952
Zoetis, Inc. 5.40%, 11/14/2025			1,182		1,191,882
					14,351,853
Energy – 1.5%
BP Capital Markets America, Inc. 2.939%, 06/04/2051			1,384		959,513
4.893%, 09/11/2033			979		996,563
Continental Resources, Inc./OK 2.875%, 04/01/2032(c)			1,630		1,322,452
5.75%, 01/15/2031(c)			718		714,302
Ecopetrol SA 8.625%, 01/19/2029			980		1,044,925
Marathon Oil Corp. 6.80%, 03/15/2032			1,800		1,949,130
Oleoducto Central SA 4.00%, 07/14/2027(c)			248		229,373
ONEOK, Inc. 6.05%, 09/01/2033			707		748,303
Ovintiv, Inc. 6.25%, 07/15/2033			327		338,344
6.50%, 02/01/2038			148		152,785
Var Energi ASA 7.50%, 01/15/2028(c)			1,132		1,203,203
8.00%, 11/15/2032(c)			1,108		1,248,860
					10,907,753
Other Industrial – 0.1%
LKQ Corp. 6.25%, 06/15/2033			524		547,596

4

	Principal Amount (000)			U.S. $ Value
Services – 0.3%
Alibaba Group Holding Ltd. 2.125%, 02/09/2031		U.S.$	1,255	$	1,039,479
Booking Holdings, Inc. 4.50%, 11/15/2031		EUR	789		948,128
Expedia Group, Inc. 6.25%, 05/01/2025(c)		U.S.$	49		49,411
					2,037,018
Technology – 1.5%
Apple, Inc. 4.10%, 08/08/2062			1,148		1,024,624
Broadcom, Inc. 4.00%, 04/15/2029(c)			169		163,317
Entegris Escrow Corp. 4.75%, 04/15/2029(c)			1,270		1,223,201
Fiserv, Inc. 3.50%, 07/01/2029			2,539		2,391,306
Honeywell International, Inc. 4.125%, 11/02/2034		EUR	1,241		1,453,655
Infor, Inc. 1.75%, 07/15/2025(c)		U.S.$	649		612,611
Kyndryl Holdings, Inc. 2.05%, 10/15/2026			2,545		2,318,520
Oracle Corp. 5.375%, 07/15/2040			270		265,734
Western Digital Corp. 2.85%, 02/01/2029			369		316,587
3.10%, 02/01/2032			1,016		809,112
					10,578,667
Transportation - Airlines – 0.1%
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.50%, 10/20/2025(c)			546		538,184
Transportation - Railroads – 0.1%
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036(c)			228		207,813
5.875%, 07/05/2034(c)			369		363,527
					571,340
Transportation - Services – 0.5%
ENA Master Trust 4.00%, 05/19/2048(c)			380		265,396
ERAC USA Finance LLC 4.60%, 05/01/2028(c)			517		514,586
4.90%, 05/01/2033(c)			1,218		1,216,794
TTX Co. 5.50%, 09/25/2026(c)			1,677		1,705,475
					3,702,251
					74,533,504

5

	Principal Amount (000)			U.S. $ Value
Financial Institutions – 7.7%
Banking – 6.0%
AIB Group PLC 4.263%, 04/10/2025(c)		U.S.$	530	$	527,239
7.583%, 10/14/2026(c)			1,682		1,736,665
Ally Financial, Inc. 6.992%, 06/13/2029			976		1,009,555
Banco de Credito del Peru SA 3.125%, 07/01/2030(c)			1,447		1,364,839
Banco Santander SA 3.80%, 02/23/2028			200		188,880
4.175%, 03/24/2028			800		769,592
6.921%, 08/08/2033			800		853,400
9.625%, 05/21/2033(e)			800		875,536
Bank of Ireland Group PLC 6.253%, 09/16/2026(c)			571		577,327
Barclays PLC 6.224%, 05/09/2034			740		767,454
BNP Paribas SA 2.591%, 01/20/2028(c)			751		694,923
4.625%, 02/25/2031(c) (e)			388		313,209
7.375%, 08/19/2025(c) (e)			385		386,078
CaixaBank SA 6.684%, 09/13/2027(c)			994		1,018,870
Capital One Financial Corp. 5.468%, 02/01/2029			416		416,091
6.377%, 06/08/2034			1,163		1,198,646
Citigroup, Inc. Series W 4.00%, 12/10/2025(e)			788		726,032
Series Y 4.15%, 11/15/2026(e)			139		119,647
Cooperatieve Rabobank UA 5.564%, 02/28/2029(c)			1,745		1,770,023
Credit Agricole SA 6.316%, 10/03/2029(c)			484		507,532
Deutsche Bank AG/New York NY 2.129%, 11/24/2026			958		897,885
3.961%, 11/26/2025			385		378,690
6.119%, 07/14/2026			764		771,862
7.146%, 07/13/2027			323		335,516
Discover Bank 5.974%, 08/09/2028			386		374,362
Goldman Sachs Group, Inc. (The) Series P 8.505% (SOFR + 3.14%), 01/29/2024(e) (f)			193		192,622
Series V 4.125%, 11/10/2026(e)			764		679,884
HSBC Holdings PLC 2.804%, 05/24/2032			581		484,897
2.848%, 06/04/2031			1,675		1,442,007
8.113%, 11/03/2033			2,081		2,397,458

6

	Principal Amount (000)			U.S. $ Value
Intesa Sanpaolo SpA 7.20%, 11/28/2033(c)		U.S.$	919	$	980,784
Lloyds Banking Group PLC 7.953%, 11/15/2033			887		1,017,531
Mizuho Financial Group, Inc. 5.667%, 05/27/2029			1,745		1,785,344
Morgan Stanley 0.406%, 10/29/2027		EUR	796		806,916
4.21%, 04/20/2028		U.S.$	1,110		1,084,470
Nationwide Building Society 2.972%, 02/16/2028(c)			1,238		1,150,919
NatWest Group PLC 4.269%, 03/22/2025			750		747,330
PNC Financial Services Group, Inc. (The) 5.068%, 01/24/2034			386		377,489
6.875%, 10/20/2034			522		579,691
Series R 8.679% (SOFR + 3.30%), 03/01/2024(e) (f)			280		279,768
Santander Holdings USA, Inc. 6.499%, 03/09/2029			849		878,248
6.565%, 06/12/2029			53		54,701
7.66%, 11/09/2031			12		12,990
Societe Generale SA 2.797%, 01/19/2028(c)			1,389		1,284,922
Standard Chartered PLC 3.971%, 03/30/2026(c)			885		863,415
6.187%, 07/06/2027(c)			407		413,715
7.162% (LIBOR 3 Month + 1.51%), 01/30/2027(c) (e) (f)			400		384,396
Swedbank AB Series NC5 5.625%, 09/17/2024(c) (e)			600		589,662
UBS Group AG 3.091%, 05/14/2032(c)			1,265		1,078,273
4.194%, 04/01/2031(c)			549		511,723
6.373%, 07/15/2026(c)			1,346		1,363,431
7.00%, 02/19/2025(c) (e)			200		198,606
9.25%, 11/13/2028(c) (e)			316		340,490
9.25%, 11/13/2033(c) (e)			253		280,493
UniCredit SpA 2.569%, 09/22/2026(c)			459		431,878
US Bancorp Series J 5.30%, 04/15/2027(e)			723		647,830
Wells Fargo & Co. 7.625%, 09/15/2028(e)			119		124,743
Series BB 3.90%, 03/15/2026(e)			635		586,613
					42,633,092

7

	Principal Amount (000)		U.S. $ Value
Brokerage – 0.2%
Charles Schwab Corp. (The) Series I 4.00%, 06/01/2026(e)	U.S.$	1,949	$	1,718,531
Finance – 0.7%
Aircastle Ltd. 4.125%, 05/01/2024		359		356,168
Aviation Capital Group LLC 1.95%, 01/30/2026(c)		1,131		1,047,758
1.95%, 09/20/2026(c)		390		353,570
3.50%, 11/01/2027(c)		318		292,843
4.125%, 08/01/2025(c)		10		9,705
4.375%, 01/30/2024(c)		312		311,335
4.875%, 10/01/2025(c)		350		343,119
5.50%, 12/15/2024(c)		680		676,199
6.375%, 07/15/2030(c)		389		400,553
Synchrony Financial 2.875%, 10/28/2031		1,255		1,005,770
3.95%, 12/01/2027		200		187,332
4.50%, 07/23/2025		193		188,563
4.875%, 06/13/2025		188		184,740
				5,357,655
Insurance – 0.3%
Massachusetts Mutual Life Insurance Co. 3.729%, 10/15/2070(c)		11		7,541
MetLife Capital Trust IV 7.875%, 12/15/2037(c)		970		1,046,960
MetLife, Inc. 10.75%, 08/01/2039		25		33,793
Prudential Financial, Inc. 5.20%, 03/15/2044		462		460,277
5.375%, 05/15/2045		139		137,344
Swiss Re Finance Luxembourg SA 5.00%, 04/02/2049(c)		600		574,398
				2,260,313
REITs – 0.5%
American Tower Corp. 3.65%, 03/15/2027		845		813,169
5.25%, 07/15/2028		462		469,642
Crown Castle, Inc. 5.60%, 06/01/2029		380		388,865
5.80%, 03/01/2034		403		417,435
GLP Capital LP/GLP Financing II, Inc. 3.25%, 01/15/2032		817		691,868
4.00%, 01/15/2031		364		327,957
6.75%, 12/01/2033		219		236,266
				3,345,202
				55,314,793

8

	Principal Amount (000)		U.S. $ Value
Utility – 0.8%
Electric – 0.7%
AES Panama Generation Holdings SRL 4.375%, 05/31/2030(c)	U.S.$	478	$	400,560
Alexander Funding Trust II 7.467%, 07/31/2028(c)		406		426,438
Duke Energy Carolinas NC Storm Funding LLC Series A-2 2.617%, 07/01/2041		920		710,930
Electricite de France SA 9.125%, 03/15/2033(c) (e)		366		408,346
Engie Energia Chile SA 3.40%, 01/28/2030(c)		981		841,514
NRG Energy, Inc. 4.45%, 06/15/2029(c)		82		77,442
7.00%, 03/15/2033(c)		1,304		1,377,924
Vistra Operations Co., LLC 6.95%, 10/15/2033(c)		726		763,186
				5,006,340
Other Utility – 0.1%
American Water Capital Corp. 3.45%, 06/01/2029		438		413,630
				5,419,970
Total Corporates - Investment Grade (cost $139,998,503)				135,268,267
MORTGAGE PASS-THROUGHS – 18.9%
Agency Fixed Rate 30-Year – 18.5%
Federal Home Loan Mortgage Corp. Series 2019 3.50%, 10/01/2049		427		398,245
3.50%, 11/01/2049		552		514,557
Series 2020 3.50%, 01/01/2050		1,250		1,166,497
Series 2022 2.00%, 03/01/2052		6,055		4,984,472
2.50%, 04/01/2052		7,046		6,051,403
3.00%, 03/01/2052		3,846		3,427,003
Federal Home Loan Mortgage Corp. Gold Series 2005 5.50%, 01/01/2035		16		16,201
Series 2007 5.50%, 07/01/2035		110		112,603
Series 2016 4.00%, 02/01/2046		926		897,408
Series 2017 4.00%, 07/01/2044		601		581,852
Series 2018 4.50%, 03/01/2048		319		315,931
4.50%, 10/01/2048		578		571,773
4.50%, 11/01/2048		870		860,544
5.00%, 11/01/2048		332		335,034

9

	Principal Amount (000)			U.S. $ Value
Federal National Mortgage Association Series 2003 5.50%, 04/01/2033	U.S.$	94		$	95,855
5.50%, 07/01/2033		176			179,567
Series 2004 5.50%, 02/01/2034		2			1,937
5.50%, 04/01/2034		44			44,856
5.50%, 05/01/2034		36			37,159
5.50%, 11/01/2034		168			172,562
Series 2005 5.50%, 02/01/2035		261			267,703
Series 2006 5.50%, 04/01/2036		52			53,198
Series 2007 5.50%, 05/01/2036		2			2,568
5.50%, 09/01/2036		2			1,551
5.50%, 08/01/2037		65			66,449
Series 2008 5.50%, 08/01/2037		0	**		348
Series 2009 5.00%, 12/01/2039		10			10,089
Series 2010 4.00%, 12/01/2040		372			360,757
5.00%, 06/01/2040		9			9,039
Series 2012 3.50%, 02/01/2042		318			300,801
3.50%, 11/01/2042		3,412			3,226,563
3.50%, 01/01/2043		580			547,592
Series 2013 3.50%, 04/01/2043		2,012			1,899,541
4.00%, 10/01/2043		1,290			1,245,146
Series 2015 3.00%, 05/01/2045		478			434,315
3.00%, 08/01/2045		724			658,200
Series 2018 4.50%, 09/01/2048		1,193			1,179,894
Series 2019 3.50%, 08/01/2049		1,596			1,489,779
3.50%, 09/01/2049		562			525,014
3.50%, 11/01/2049		1,163			1,085,036
Series 2020 3.50%, 01/01/2050		1,161			1,083,102
Series 2021 2.00%, 07/01/2051		6,345			5,199,152
2.50%, 01/01/2052		1,958			1,683,576
Series 2022 2.50%, 03/01/2052		4,309			3,685,062
2.50%, 04/01/2052		4,543			3,898,539
2.50%, 05/01/2052		5,948			5,105,055
3.00%, 02/01/2052		4,734			4,220,574
3.00%, 03/01/2052		6,057			5,396,363
Government National Mortgage Association Series 2016 3.00%, 04/20/2046		156			143,303
3.00%, 05/20/2046		448			413,275
Series 2023 5.50%, 04/20/2053		4,011			4,037,721
Series 2024 3.00%, 01/22/2054, TBA		1,480			1,340,945
4.00%, 01/22/2054, TBA		3,275			3,128,692

10

	Principal Amount (000)			U.S. $ Value
4.50%, 01/22/2054, TBA	U.S.$	11,617		$	11,341,309
5.00%, 01/22/2054, TBA		12,561			12,484,449
5.50%, 01/22/2054, TBA		5,036			5,066,793
Uniform Mortgage-Backed Security Series 2024 2.00%, 07/25/2051, TBA		10,416			8,516,578
2.50%, 07/25/2051, TBA		7,202			6,133,895
4.00%, 01/16/2054, TBA		5,776			5,466,200
5.50%, 01/16/2054, TBA		6,786			6,819,403
6.00%, 01/16/2054, TBA		1,334			1,355,180
6.50%, 01/16/2054, TBA		1,377			1,410,438
					132,058,646
Agency Fixed Rate 15-Year – 0.4%
Federal National Mortgage Association Series 2016 2.50%, 10/01/2031		38			35,770
2.50%, 11/01/2031		2,038			1,921,121
2.50%, 12/01/2031		10			9,849
Series 2017 2.50%, 01/01/2032		605			569,445
2.50%, 02/01/2032		553			519,566
					3,055,751
Other Agency Fixed Rate Programs – 0.0%
Federal National Mortgage Association Series 2005 5.50%, 03/01/2025		7			7,528
Agency ARMs – 0.0%
Federal Home Loan Mortgage Corp. Series 2006 6.596% (RFUCCT1Y + 2.18%), 12/01/2036(f)		0	**		117
Series 2007 4.60% (RFUCCT1Y + 2.10%), 03/01/2037(f)		0	**		340
Federal National Mortgage Association Series 2007 3.835% (RFUCCT1Y + 1.46%), 02/01/2037(f)		1			950
4.534% (RFUCCT1Y + 1.80%), 03/01/2037(f)		0	**		402
					1,809
Total Mortgage Pass-Throughs (cost $140,459,255)					135,123,734
COLLATERALIZED MORTGAGE OBLIGATIONS – 6.6%
Risk Share Floating Rate – 6.0%
Bellemeade Re Ltd. Series 2019-3A, Class M1C 7.42% (SOFR + 2.06%), 07/25/2029(c) (f)		141			141,478
Series 2021-3A, Class A2 6.337% (SOFR + 1.00%), 09/25/2031(c) (f)		1,894			1,880,343

11

	Principal Amount (000)		U.S. $ Value
Series 2022-1, Class M1B 7.487% (SOFR + 2.15%), 01/26/2032(c) (f)	U.S.$	1,000	$	1,000,422
Connecticut Avenue Securities Trust Series 2021-R03, Class 1M1 6.187% (SOFR + 0.85%), 12/25/2041(c) (f)		1,225		1,220,573
Series 2022-R01, Class 1M2 7.237% (SOFR + 1.90%), 12/25/2041(c) (f)		2,306		2,309,358
Series 2022-R02, Class 2M1 6.537% (SOFR + 1.20%), 01/25/2042(c) (f)		1,136		1,132,247
Series 2022-R03, Class 1M2 8.837% (SOFR + 3.50%), 03/25/2042(c) (f)		1,545		1,613,643
Series 2022-R05, Class 2M2 8.337% (SOFR + 3.00%), 04/25/2042(c) (f)		1,206		1,227,638
Series 2022-R06, Class 1M1 8.087% (SOFR + 2.75%), 05/25/2042(c) (f)		1,179		1,212,211
Series 2022-R07, Class 1M1 8.287% (SOFR + 2.95%), 06/25/2042(c) (f)		1,599		1,646,899
Series 2023-R02, Class 1M1 7.637% (SOFR + 2.30%), 01/25/2043(c) (f)		716		732,565
Series 2023-R03, Class 2M1 7.837% (SOFR + 2.50%), 04/25/2043(c) (f)		1,054		1,070,220
Series 2023-R04, Class 1M1 7.637% (SOFR + 2.30%), 05/25/2043(c) (f)		1,423		1,452,922
Series 2023-R06, Class 1M1 7.037% (SOFR + 1.70%), 07/25/2043(c) (f)		1,336		1,341,952
Eagle Re Ltd. Series 2021-2, Class M1B 7.387% (SOFR + 2.05%), 04/25/2034(c) (f)		635		636,538
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes Series 2015-DNA1, Class M3 8.752% (SOFR + 3.41%), 10/25/2027(f)		127		128,553
Series 2020-DNA5, Class M2 8.137% (SOFR + 2.80%), 10/25/2050(c) (f)		390		395,931
Series 2021-DNA3, Class M2 7.437% (SOFR + 2.10%), 10/25/2033(c) (f)		779		781,086

12

	Principal Amount (000)		U.S. $ Value
Series 2021-DNA5, Class M2 6.987% (SOFR + 1.65%), 01/25/2034(c) (f)	U.S.$	469	$	470,824
Series 2021-DNA6, Class M2 6.837% (SOFR + 1.50%), 10/25/2041(c) (f)		2,513		2,491,302
Series 2021-DNA7, Class M2 7.137% (SOFR + 1.80%), 11/25/2041(c) (f)		2,412		2,381,268
Series 2021-HQA4, Class M2 7.687% (SOFR + 2.35%), 12/25/2041(c) (f)		1,530		1,507,864
Series 2022-DNA1, Class M1A 6.337% (SOFR + 1.00%), 01/25/2042(c) (f)		726		723,503
Series 2022-DNA1, Class M1B 7.187% (SOFR + 1.85%), 01/25/2042(c) (f)		1,223		1,222,771
Series 2022-DNA2, Class M1B 7.737% (SOFR + 2.40%), 02/25/2042(c) (f)		1,717		1,737,208
Series 2022-DNA3, Class M1B 8.237% (SOFR + 2.90%), 04/25/2042(c) (f)		711		730,347
Series 2022-DNA4, Class M1B 8.687% (SOFR + 3.35%), 05/25/2042(c) (f)		1,358		1,411,904
Series 2022-DNA5, Class M1B 9.837% (SOFR + 4.50%), 06/25/2042(c) (f)		2,274		2,448,183
Series 2022-DNA7, Class M1A 7.837% (SOFR + 2.50%), 03/25/2052(c) (f)		1,528		1,552,185
Series 2022-HQA1, Class M1B 8.837% (SOFR + 3.50%), 03/25/2042(c) (f)		399		413,113
Series 2023-DNA1, Class M1A 7.437% (SOFR + 2.10%), 03/25/2043(c) (f)		852		865,730
Series 2023-DNA2, Class M1A 7.437% (SOFR + 2.10%), 04/25/2043(c) (f)		1,650		1,676,201
Federal National Mortgage Association Connecticut Avenue Securities Series 2015-C04, Class 1M2 11.152% (SOFR + 5.81%), 04/25/2028(f)		99		104,989
Series 2021-R02, Class 2M2 7.337% (SOFR + 2.00%), 11/25/2041(c) (f)		1,071		1,061,583

13

	Principal Amount (000)		U.S. $ Value
JPMorgan Madison Avenue Securities Trust Series 2014-CH1, Class M2 9.702% (SOFR + 4.36%), 11/25/2024(c) (f)	U.S.$	40	$	41,335
Oaktown Re VII Ltd. Series 2021-2, Class M1A 6.937% (SOFR + 1.60%), 04/25/2034(c) (f)		1,102		1,102,830
PMT Credit Risk Transfer Trust Series 2019-2R, Class A 9.221% (SOFR + 3.86%), 05/30/2025(c) (f)		642		641,992
Series 2019-3R, Class A 9.153% (SOFR + 3.81%), 11/27/2031(c) (f)		52		52,297
Series 2020-1R, Class A 8.803% (SOFR + 3.46%), 02/25/2025(c) (f)		205		203,889
Triangle Re Ltd. Series 2021-3, Class M1A 7.237% (SOFR + 1.90%), 02/25/2034(c) (f)		228		228,285
Wells Fargo Credit Risk Transfer Securities Trust Series 2015-WF1, Class 1M2 10.702% (SOFR + 5.36%), 11/25/2025(c) (f)		164		167,205
Series 2015-WF1, Class 2M2 10.952% (SOFR + 5.61%), 11/25/2025(c) (f)		40		41,455
				43,202,842
Agency Floating Rate – 0.3%
Federal Home Loan Mortgage Corp. REMICs Series 4416, Class BS 0.647% (5.99% - SOFR), 12/15/2044(f) (g)		1,182		130,425
Series 4693, Class SL 0.697% (6.04% - SOFR), 06/15/2047(f) (g)		1,291		183,552
Series 4954, Class SL 0.598% (5.94% - SOFR), 02/25/2050(f) (g)		1,779		202,439
Series 4981, Class HS 0.648% (5.99% - SOFR), 06/25/2050(f) (g)		3,935		440,523
Federal National Mortgage Association REMICs Series 2016-106, Class ES 0.548% (5.89% - SOFR), 01/25/2047(f) (g)		1,191		145,663

14

	Principal Amount (000)		U.S. $ Value
Series 2017-73, Class SA 0.698% (6.04% - SOFR), 09/25/2047(f) (g)	U.S.$	1,551	$	213,316
Series 2017-97, Class LS 0.748% (6.09% - SOFR), 12/25/2047(f) (g)		1,194		163,795
Series 2017-97, Class SW 0.748% (6.09% - SOFR), 12/25/2047(f) (g)		1,090		140,897
Government National Mortgage Association Series 2017-134, Class SE 0.728% (6.09% - SOFR), 09/20/2047(f) (g)		763		82,829
Series 2017-43, Class ST 0.628% (5.99% - SOFR), 03/20/2047(f) (g)		1,515		190,501
Series 2017-65, Class ST 0.678% (6.04% - SOFR), 04/20/2047(f) (g)		1,378		163,085
				2,057,025
Agency Fixed Rate – 0.1%
Federal Home Loan Mortgage Corp. REMICs Series 4973, Class BI 4.50%, 05/25/2050(h)		4,589		995,270
Federal National Mortgage Association Grantor Trust Series 2004-T5, Class AB4 4.552%, 05/28/2035		253		243,394
				1,238,664
Non-Agency Floating Rate – 0.1%
Deutsche Alt-A Securities Mortgage Loan Trust Series 2006-AR4, Class A2 5.85% (SOFR + 0.49%), 12/25/2036(f)		818		260,220
HomeBanc Mortgage Trust Series 2005-1, Class A1 5.97% (SOFR + 0.61%), 03/25/2035(f)		126		102,084
JPMorgan Chase Bank, NA Series 2019-CL1, Class M3 7.57% (SOFR + 2.21%), 04/25/2047(c) (f)		175		176,029
				538,333
Non-Agency Fixed Rate – 0.1%
Alternative Loan Trust Series 2005-20CB, Class 3A6 5.50%, 07/25/2035		58		40,702
Series 2006-24CB, Class A16 5.75%, 08/25/2036		360		198,298
Series 2006-J1, Class 1A13 5.50%, 02/25/2036		150		104,478

15

	Principal Amount (000)		U.S. $ Value
CHL Mortgage Pass-Through Trust Series 2006-13, Class 1A19 6.25%, 09/25/2036	U.S.$	73	$	32,028
				375,506
Total Collateralized Mortgage Obligations (cost $46,772,234)				47,412,370
ASSET-BACKED SECURITIES – 4.7%
Other ABS - Fixed Rate – 2.5%
AB Issuer LLC Series 2021-1, Class A2 3.734%, 07/30/2051(c)		2,069		1,800,431
ACHV ABS Trust Series 2023-2PL, Class A 6.42%, 05/20/2030(c)		13		13,029
Affirm Asset Securitization Trust Series 2021-Z1, Class A 1.07%, 08/15/2025(c)		80		78,917
Series 2021-Z2, Class A 1.17%, 11/16/2026(c)		126		123,053
Series 2022-X1, Class A 1.75%, 02/15/2027(c)		111		109,276
Atalaya Equipment Leasing Trust Series 2021-1A, Class B 2.08%, 02/15/2027(c)		509		492,380
BHG Securitization Trust Series 2022-A, Class A 1.71%, 02/20/2035(c)		121		118,050
Cajun Global LLC Series 2021-1, Class A2 3.931%, 11/20/2051(c)		432		382,972
College Ave Student Loans LLC Series 2021-C, Class B 2.72%, 07/26/2055(c)		637		557,903
Dext ABS LLC Series 2021-1, Class B 1.76%, 02/15/2028(c)		186		174,887
Series 2023-1, Class A2 5.99%, 03/15/2032(c)		1,677		1,666,008
Diamond Infrastructure Funding LLC Series 2021-1A, Class B 2.355%, 04/15/2049(c)		935		818,024
Diamond Issuer Series 2021-1A, Class A 2.305%, 11/20/2051(c)		1,941		1,709,524
Domino’s Pizza Master Issuer LLC Series 2021-1A, Class A2I 2.662%, 04/25/2051(c)		1,041		920,503
FREED ABS Trust Series 2021-2, Class C 1.94%, 06/19/2028(c)		577		571,157

16

	Principal Amount (000)		U.S. $ Value
GCI Funding I LLC Series 2021-1, Class A 2.38%, 06/18/2046(c)	U.S.$	571	$	501,981
Hardee’s Funding LLC Series 2018-1A, Class A23 5.71%, 06/20/2048(c)		772		717,401
Series 2020-1A, Class A2 3.981%, 12/20/2050(c)		475		417,176
MVW LLC Series 2021-2A, Class B 1.83%, 05/20/2039(c)		553		506,035
Neighborly Issuer LLC Series 2021-1A, Class A2 3.584%, 04/30/2051(c)		760		659,038
Series 2022-1A, Class A2 3.695%, 01/30/2052(c)		1,978		1,689,285
Series 2023-1A, Class A2 7.308%, 01/30/2053(c)		1,393		1,390,849
Nelnet Student Loan Trust Series 2021-BA, Class B 2.68%, 04/20/2062(c)		620		508,047
Series 2021-CA, Class B 2.53%, 04/20/2062(c)		907		731,220
Series 2021-DA, Class B 2.90%, 04/20/2062(c)		798		665,446
Upstart Securitization Trust Series 2021-3, Class B 1.66%, 07/20/2031(c)		886		873,821
				18,196,413
Autos - Fixed Rate – 1.9%
ACM Auto Trust Series 2023-1A, Class A 6.61%, 01/22/2030(c)		367		366,402
American Credit Acceptance Receivables Trust Series 2023-1, Class A 5.45%, 09/14/2026(c)		536		535,704
Avis Budget Rental Car Funding AESOP LLC Series 2023-3A, Class A 5.44%, 02/22/2028(c)		1,016		1,024,371
Carvana Auto Receivables Trust Series 2021-N3, Class C 1.02%, 06/12/2028		203		189,064
Series 2021-N4, Class D 2.30%, 09/11/2028		722		692,254
Series 2021-P4, Class D 2.61%, 09/11/2028		989		870,619
CPS Auto Receivables Trust Series 2021-C, Class D 1.69%, 06/15/2027(c)		1,350		1,295,664
Series 2022-A, Class C 2.17%, 04/16/2029(c)		1,373		1,332,454

17

	Principal Amount (000)		U.S. $ Value
FHF Issuer Trust Series 2023-2A, Class A1 6.007%, 11/15/2024(c)	U.S.$	354	$	353,609
FHF Trust Series 2021-2A, Class A 0.83%, 12/15/2026(c)		247		238,789
Flagship Credit Auto Trust Series 2023-1, Class A2 5.38%, 12/15/2026(c)		1,135		1,132,169
Series 2023-2, Class A2 5.76%, 04/15/2027(c)		1,103		1,101,081
Ford Credit Auto Owner Trust Series 2021-1, Class D 2.31%, 10/17/2033(c)		1,390		1,263,187
Foursight Capital Automobile Receivables Trust Series 2023-1, Class A2 5.43%, 10/15/2026(c)		1,168		1,164,804
LAD Auto Receivables Trust Series 2021-1A, Class A 1.30%, 08/17/2026(c)		215		212,328
Series 2023-1A, Class A2 5.68%, 10/15/2026(c)		778		776,740
Santander Bank Auto Credit-Linked Notes Series 2022-A, Class B 5.281%, 05/15/2032(c)		611		605,307
Santander Drive Auto Receivables Trust Series 2023-3, Class B 5.61%, 07/17/2028		832		835,880
				13,990,426
Credit Cards - Fixed Rate – 0.3%
Brex Commercial Charge Card Master Trust Series 2022-1, Class A 4.63%, 07/15/2025(c)		1,888		1,871,235
Home Equity Loans - Floating Rate – 0.0%
Wells Fargo Home Equity Trust Mortgage Pass-Through Certificates Series 2004-1, Class 1A 6.07% (SOFR + 0.71%), 04/25/2034(f)		33		31,831
Total Asset-Backed Securities (cost $36,509,508)				34,089,905
COMMERCIAL MORTGAGE-BACKED SECURITIES – 2.8%
Non-Agency Floating Rate CMBS – 1.8%
AREIT Trust Series 2022-CRE6, Class A 6.588% (SOFR + 1.25%), 01/20/2037(c) (f)		2,850		2,829,479

18

	Principal Amount (000)		U.S. $ Value
BAMLL Commercial Mortgage Securities Trust Series 2017-SCH, Class AF 6.409% (SOFR + 1.05%), 11/15/2033(c) (f)	U.S.$	2,435	$	2,170,039
BBCMS Mortgage Trust Series 2020-BID, Class A 7.617% (SOFR + 2.25%), 10/15/2037(c) (f)		1,998		1,974,760
BFLD Trust Series 2021-FPM, Class A 7.077% (SOFR + 1.71%), 06/15/2038(c) (f)		2,976		2,905,499
BX Commercial Mortgage Trust Series 2019-IMC, Class D 7.308% (SOFR + 1.95%), 04/15/2034(c) (f)		207		203,934
Series 2019-IMC, Class E 7.558% (SOFR + 2.20%), 04/15/2034(c) (f)		839		824,358
CLNY Trust Series 2019-IKPR, Class D 7.50% (SOFR + 2.14%), 11/15/2038(c) (f)		1,450		1,328,431
Federal Home Loan Mortgage Corp. Series 2021-MN1, Class M1 7.337% (SOFR + 2.00%), 01/25/2051(c) (f)		167		161,606
Natixis Commercial Mortgage Securities Trust Series 2019-MILE, Class A 6.941% (SOFR + 1.58%), 07/15/2036(c) (f)		566		512,317
				12,910,423
Non-Agency Fixed Rate CMBS – 1.0%
BAMLL Commercial Mortgage Securities Trust Series 2013-WBRK, Class D 3.534%, 03/10/2037(c)		740		532,994
Commercial Mortgage Trust Series 2012-CR3, Class E 4.295%, 10/15/2045(c)		889		345,897
Series 2015-LC21, Class XA 0.634%, 07/10/2048(h)		1,977		13,359
GS Mortgage Securities Trust Series 2011-GC5, Class D 5.153%, 08/10/2044(c)		28		8,166
GSF Series 2021-1, Class A1 1.433%, 08/15/2026(i)		1,179		1,134,380
Series 2021-1, Class A2 2.435%, 08/15/2026(i)		1,801		1,737,327
Series 2021-1, Class AS 2.638%, 08/15/2026(i)		59		55,500

19

	Principal Amount (000)		U.S. $ Value
HFX Funding Issuer Series 2017-1A, Class A3 3.647%, 03/15/2035(i)	U.S.$	1,690	$	1,643,353
JPMBB Commercial Mortgage Securities Trust Series 2013-C14, Class D 4.151%, 08/15/2046(c)		472		288,223
Series 2014-C22, Class XA 0.781%, 09/15/2047(h)		4,491		8,758
LB-UBS Commercial Mortgage Trust Series 2006-C6, Class AJ 5.452%, 09/15/2039		147		56,305
LSTAR Commercial Mortgage Trust Series 2016-4, Class A2 2.579%, 03/10/2049(c)		205		200,238
Morgan Stanley Bank of America Merrill Lynch Trust Series 2014-C19, Class D 3.25%, 12/15/2047(c)		603		498,483
Series 2015-C25, Class XA 1.028%, 10/15/2048(h)		1,848		20,314
Wells Fargo Commercial Mortgage Trust Series 2016-NXS6, Class C 4.389%, 11/15/2049		1,030		895,111
				7,438,408
Total Commercial Mortgage-Backed Securities (cost $22,351,226)				20,348,831
COLLATERALIZED LOAN OBLIGATIONS – 2.8%
CLO - Floating Rate – 2.8%
Balboa Bay Loan Funding Ltd. Series 2021-1A, Class A 6.877% (SOFR + 1.46%), 07/20/2034(c) (f)		1,472		1,472,457
Dryden 78 CLO Ltd. Series 2020-78A, Class C 7.614% (SOFR + 2.21%), 04/17/2033(c) (f)		1,260		1,235,159
Elevation CLO Ltd. Series 2020-11A, Class C 7.856% (SOFR + 2.46%), 04/15/2033(c) (f)		1,080		1,046,570
Elmwood CLO IX Ltd. Series 2021-2A, Class A 6.807% (SOFR + 1.39%), 07/20/2034(c) (f)		1,500		1,499,941
Flatiron CLO 21 Ltd. Series 2021-1A, Class A1 6.768% (SOFR + 1.37%), 07/19/2034(c) (f)		1,130		1,129,955

20

	Principal Amount (000)		U.S. $ Value
Goldentree Loan Management US CLO 7 Ltd. Series 2020-7A, Class AR 6.747% (SOFR + 1.33%), 04/20/2034(c) (f)	U.S.$	1,491	$	1,485,398
Neuberger Berman Loan Advisers CLO 43 Ltd. Series 2021-43A, Class A 6.794% (SOFR + 1.39%), 07/17/2035(c) (f)		1,729		1,729,018
New Mountain CLO 3 Ltd. Series CLO-3A, Class D 9.027% (SOFR + 3.61%), 10/20/2034(c) (f)		250		249,993
OCP CLO Ltd. Series 2020-18A, Class AR 6.767% (SOFR + 1.35%), 07/20/2032(c) (f)		1,954		1,953,130
Pikes Peak CLO 8 Series 2021-8A, Class A 6.847% (SOFR + 1.43%), 07/20/2034(c) (f)		1,907		1,906,459
Rad CLO 11 Ltd. Series 2021-11A, Class D 8.556% (SOFR + 3.16%), 04/15/2034(c) (f)		950		942,254
Rad CLO 7 Ltd. Series 2020-7A, Class C 7.664% (SOFR + 2.26%), 04/17/2033(c) (f)		570		567,075
Regatta XX Funding Ltd. Series 2021-2A, Class A 6.816% (SOFR + 1.42%), 10/15/2034(c) (f)		2,924		2,923,770
Rockford Tower CLO Ltd. Series 2021-2A, Class A1 6.837% (SOFR + 1.42%), 07/20/2034(c) (f)		1,310		1,307,433
Voya CLO Ltd. Series 2019-1A, Class DR 8.506% (SOFR + 3.11%), 04/15/2031(c) (f)		480		469,231
Total Collateralized Loan Obligations (cost $20,005,373)				19,917,843
INFLATION-LINKED SECURITIES – 2.6%
United States – 2.6%
U.S. Treasury Inflation Index 0.25%, 07/15/2029 (TIPS) (cost $17,847,697)		19,973		18,502,951

21

	Principal Amount (000)			U.S. $ Value
AGENCIES – 1.8%
Agency Debentures – 1.8%
Federal Home Loan Banks 2.50%, 02/13/2024		U.S.$	1,465	$	1,460,063
4.00%, 06/30/2028			10,600		10,651,198
Federal National Mortgage Association 6.25%, 05/15/2029			355		393,867
6.625%, 11/15/2030			260		299,257
Total Agencies (cost $12,780,887)					12,804,385
LOCAL GOVERNMENTS - US MUNICIPAL BONDS – 0.8%
United States – 0.8%
State Board of Administration Finance Corp. (Florida Hurricane Catastrophe Fund) Series 2020-A 1.705%, 07/01/2027			1,634		1,479,441
State of California Series 2010 7.625%, 03/01/2040			2,040		2,560,398
University of California Series 2021-B 3.071%, 05/15/2051			2,070		1,488,529
Total Local Governments - US Municipal Bonds (cost $5,809,126)					5,528,368
CORPORATES - NON-INVESTMENT GRADE – 0.7%
Industrial – 0.6%
Capital Goods – 0.1%
Odebrecht Holdco Finance Ltd. Zero Coupon, 09/10/2058(c)			417		446
TK Elevator Midco GmbH 4.375%, 07/15/2027(c)		EUR	331		353,261
					353,707
Communications - Media – 0.3%
Altice Financing SA 3.00%, 01/15/2028(c)			540		530,535
DISH DBS Corp. 5.75%, 12/01/2028(c)		U.S.$	996		805,336
Summer BC Holdco B SARL 5.75%, 10/31/2026(c)		EUR	540		570,773
VZ Vendor Financing II BV 2.875%, 01/15/2029(c)			540		522,511
					2,429,155
Communications - Telecommunications – 0.1%
Altice France SA/France 3.375%, 01/15/2028(c)			259		225,625
Lorca Telecom Bondco SA 4.00%, 09/18/2027(c)			540		580,967
					806,592

22

	Principal Amount (000)			U.S. $ Value
Consumer Non-Cyclical – 0.0%
Organon & Co./Organon Foreign Debt Co-Issuer BV 2.875%, 04/30/2028(c)		EUR	320	$	323,971
Services – 0.1%
APCOA Parking Holdings GmbH 4.625%, 01/15/2027(c)			540		559,704
					4,473,129
Utility – 0.1%
Electric – 0.1%
Vistra Corp. 7.00%, 12/15/2026(c) (e)		U.S.$	648		642,161
Total Corporates - Non-Investment Grade (cost $6,066,738)					5,115,290
EMERGING MARKETS - CORPORATE BONDS – 0.3%
Industrial – 0.3%
Basic – 0.0%
CSN Resources SA 4.625%, 06/10/2031(c)			293		237,904
Volcan Cia Minera SAA 4.375%, 02/11/2026(c)			189		114,345
					352,249
Communications - Media – 0.1%
Globo Comunicacao e Participacoes SA 4.875%, 01/22/2030(c)			645		554,255
Consumer Cyclical - Other – 0.1%
Wynn Macau Ltd. 5.625%, 08/26/2028(c)			730		674,566
Consumer Non-Cyclical – 0.1%
Natura & Co. Luxembourg Holdings SARL 6.00%, 04/19/2029(c)			564		534,830
					2,115,900
Utility – 0.0%
Electric – 0.0%
Terraform Global Operating LP 6.125%, 03/01/2026(c)			117		115,810
Financial Institutions – 0.0%
Other Finance – 0.0%
OEC Finance Ltd. 5.25%, 12/27/2033(c) (d) (j)			425		17,011
Total Emerging Markets - Corporate Bonds (cost $2,945,241)					2,248,721

23

	Principal Amount (000)				U.S. $ Value
QUASI-SOVEREIGNS – 0.2%
Quasi-Sovereign Bonds – 0.2%
Hungary – 0.1%
Magyar Export-Import Bank Zrt 6.125%, 12/04/2027(c)		U.S.$	988		$	1,005,142
Mexico – 0.1%
Comision Federal de Electricidad 4.688%, 05/15/2029(c)			478			449,469
Total Quasi-Sovereigns (cost $1,462,895)						1,454,611
EMERGING MARKETS - SOVEREIGNS – 0.1%				��
Dominican Republic – 0.1%
Dominican Republic International Bond 4.875%, 09/23/2032(c) (cost $788,000)			788			716,402
	Shares
COMMON STOCKS – 0.1%
Financials – 0.1%
Insurance – 0.1%
Mt Logan Re Ltd. Special Investment, Series 2, December 2021 - Class U-1(k) (l) (m)			359			206,752
Mt Logan Re Ltd. Special Investment, Series 2, December 2022 - Class U-1(k) (l) (m)			523			468,932
Total Common Stocks (cost $783,461)						675,684
	Principal Amount (000)
GOVERNMENTS - SOVEREIGN BONDS – 0.1%
Colombia – 0.1%
Colombia Government International Bond 3.125%, 04/15/2031 (cost $694,213)		U.S.$	696			565,718
SHORT-TERM INVESTMENTS – 12.0%
U.S. Treasury Bills – 10.3%
U.S. Treasury Bill Zero Coupon, 01/02/2024			12,084			12,082,126
Zero Coupon, 01/30/2024			4,694			4,674,152
Zero Coupon, 02/15/2024			4,049			4,022,771
Zero Coupon, 02/27/2024			21,573			21,395,081
Zero Coupon, 03/14/2024			15,640			15,477,188
Zero Coupon, 04/09/2024			2,663			2,625,294
Zero Coupon, 04/25/2024			1,393			1,369,658
Zero Coupon, 06/27/2024			12,432			12,123,280
Total U.S. Treasury Bills (cost $73,757,234)						73,769,550

24

	Shares			U.S. $ Value
Investment Companies – 1.7%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.27%(n) (o) (p) (cost $12,236,465)			12,236,465	$	12,236,465
Total Short-Term Investments (cost $85,993,699)					86,006,015
Total Investments – 110.4% (cost $828,170,629)(q)					790,740,354
Other assets less liabilities – (10.4)%					(74,350,196	)
Net Assets – 100.0%				$	716,390,158

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
U.S. 10 Yr Ultra Futures		208		March 2024		$	24,547,250		$	1,068,099
U.S. T-Note 2 Yr (CBT) Futures		116		March 2024			23,886,031			211,421
U.S. T-Note 5 Yr (CBT) Futures		676		March 2024			73,530,844			1,537,730
U.S. Ultra Bond (CBT) Futures		14		March 2024			1,870,313			43,540
									$	2,860,790

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services, Inc.		EUR	484		USD	538		01/10/2024		$	3,277
Morgan Stanley Capital Services, Inc.		EUR	5,802		USD	6,178		01/10/2024			(228,625	)
										$	(225,348	)

CENTRALLY CLEARED INTEREST RATE SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value		Upfront Premiums Paid/ (Received)		Unrealized Appreciation (Depreciation)
USD	4,950	12/13/2029	1.537%	1 Day SOFR	Annual	$	527,863	$	438,321	$	89,542

25

CREDIT DEFAULT SWAPS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency	Implied Credit Spread at December 31, 2023	Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
Sale Contracts
Citigroup Global Markets, Inc.
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%	Monthly	7.50%		USD	23	$	(2,944	)	$	(3,072	)	$	128
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	3		(420	)		(474	)		54
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	5		(601	)		(542	)		(59	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	19		(2,524	)		(2,399	)		(125	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	20		(2,644	)		(2,455	)		(189	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	23		(3,005	)		(2,757	)		(248	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	20		(2,584	)		(2,295	)		(289	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	16		(2,104	)		(1,776	)		(328	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	23		(3,005	)		(2,669	)		(336	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	12		(1,502	)		(1,070	)		(432	)
Credit Suisse International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	2		(301	)		(263	)		(38	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	116		(15,084	)		(8,564	)		(6,520	)
Goldman Sachs International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	13		(1,682	)		(1,789	)		107
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	7.50		USD	14		(1,863	)		(1,673	)		(190	)

26

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2023		Notional Amount (000)			Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation (Depreciation)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%		Monthly		7.50%		USD	21	$	(2,704	)	$	(2,219	)	$	(485	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	21		(2,704	)		(1,870	)		(834	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	21		(2,704	)		(1,728	)		(976	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	124		(16,105	)		(9,743	)		(6,362	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	283		(36,658	)		(29,356	)		(7,302	)
Morgan Stanley Capital Services LLC
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		7.50		USD	171		(22,175	)		(10,948	)		(11,227	)
											$	(123,313	)	$	(87,662	)	$	(35,651	)

* Termination date

** Principal amount less than 500.

(a) Position, or a portion thereof, has been segregated to collateralize margin requirements for open centrally cleared swaps.

(b) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.

(c) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At December 31, 2023, the aggregate market value of these securities amounted to $168,561,910 or 23.5% of net assets.

(d) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at December 31, 2023.

(e) Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.

(f) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2023.

(g) Inverse interest only security.

(h) IO - Interest Only.

(i) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.64% of net assets as of December 31, 2023, are considered illiquid and restricted. Additional information regarding such securities follows:

27

144A/Restricted & Illiquid Securities	Acquisition Date	Cost		Market Value		Percentage of Net Assets
GSF Series 2021-1, Class A1 1.433%, 08/15/2026	02/15/2021-08/03/2023	$	1,140,829	$	1,134,380	0.16%
GSF Series 2021-1, Class A2 2.435%, 08/15/2026	02/15/2021-09/06/2022		1,832,524		1,737,327	0.24%
GSF Series 2021-1, Class AS 2.638%, 08/15/2026	02/05/2021-04/01/2021		59,875		55,500	0.01%
HFX Funding Issuer Series 2017-1A, Class A3 3.647%, 03/15/2035	11/19/2020		1,790,964		1,643,353	0.23%

(j) Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at December 31, 2023.

(k) Fair valued by the Adviser.

(l) Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(m) Non-income producing security.

(n) Affiliated investments.

(o) 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.

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

(q) As of December 31, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $12,687,379 and gross unrealized depreciation of investments was $(47,428,321), resulting in net unrealized depreciation of $(37,740,942).

Currency Abbreviations:

EUR – Euro

USD – United States Dollar

Glossary:

ABS – Asset-Backed Securities

ARMs – Adjustable Rate Mortgages

CBT – Chicago Board of Trade

CDX-CMBX.NA – North American Commercial Mortgage-Backed Index

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

LIBOR – London Interbank Offered Rate

REIT – Real Estate Investment Trust

REMICs – Real Estate Mortgage Investment Conduits

RFUCCT1Y – Refinitiv USD IBOR Consumer Cash Fallbacks Term 1 Year

SOFR – Secured Overnight Financing Rate

TBA – To Be Announced

TIPS – Treasury Inflation Protected Security

28

Sanford C. Bernstein Fund II, Inc.

Intermediate Duration Institutional Portfolio

December 31, 2023 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Portfolio 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 Portfolio. Unobservable inputs reflect the Portfolio’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 Portfolio’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 is 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. In addition, non-agency rated investments are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are 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, by pricing vendors, 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.

29

Valuations of mortgage-backed or other asset backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of December 31, 2023:

Investments in Securities:	Level 1		Level 2			Level 3		Total
Assets:
Governments - Treasuries	$	—	$	264,961,259		$	—	$	264,961,259
Corporates - Investment Grade		—		135,268,267			—		135,268,267
Mortgage Pass-Throughs		—		135,123,734			—		135,123,734
Collateralized Mortgage Obligations		—		47,412,370			—		47,412,370
Asset-Backed Securities		—		34,089,905			—		34,089,905
Commercial Mortgage-Backed Securities		—		20,348,831			—		20,348,831
Collateralized Loan Obligations		—		19,917,843			—		19,917,843
Inflation-Linked Securities		—		18,502,951			—		18,502,951
Agencies		—		12,804,385			—		12,804,385
Local Governments - US Municipal Bonds		—		5,528,368			—		5,528,368
Corporates - Non-Investment Grade		—		5,115,290			—		5,115,290
Emerging Markets - Corporate Bonds		—		2,248,721			—		2,248,721
Quasi-Sovereigns		—		1,454,611			—		1,454,611
Emerging Markets - Sovereigns		—		716,402			—		716,402
Common Stocks		—		—			675,684		675,684
Governments - Sovereign Bonds		—		565,718			—		565,718
Short-Term Investments:
U.S. Treasury Bills		—		73,769,550			—		73,769,550
Investment Companies		12,236,465		—			—		12,236,465
Total Investments in Securities		12,236,465		777,828,205			675,684		790,740,354
Other Financial Instruments(a):
Assets:
Futures		2,860,790		—			—		2,860,790
Forward Currency Exchange Contracts		—		3,277			—		3,277
Centrally Cleared Interest Rate Swaps		—		527,863			—		527,863
Liabilities:
Forward Currency Exchange Contracts		—		(228,625	)		—		(228,625	)
Credit Default Swaps		—		(123,313	)		—		(123,313	)
Total	$	15,097,255	$	778,007,407		$	675,684	$	793,780,346

^(a) Other financial instruments include reverse repurchase agreements and derivative instruments, such as futures, forwards and swaps. Derivative instruments 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.

30

A summary of the Portfolio’s transactions in AB mutual funds for the three months ended December 31, 2023 is as follows:

Portfolio	Market Value 09/30/2023 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 12/31/2023 (000)		Dividend Income (000)
Government Money Market Portfolio	$	2,619	$	62,651	$	53,034	$	12,236	$	58

31