Bernstein Fund NPORT-P Monthly portfolio investment report

Bernstein Fund, Inc.

Schedule of Investments

International Small Cap Portfolio

December 31, 2023 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 98.5%
Industrials – 21.4%
Aerospace & Defense – 1.8%
Bombardier, Inc. - Class B(a)		20,630	$	828,438
QinetiQ Group PLC		535,435		2,107,907
Saab AB - Class B		290,751		17,521,705
				20,458,050
Air Freight & Logistics – 1.1%
Cia de Distribucion Integral Logista Holdings SA		94,706		2,561,305
Hamakyorex Co., Ltd.		90,100		2,535,832
Mitsui-Soko Holdings Co., Ltd.		76,500		2,547,817
Senko Group Holdings Co., Ltd.		302,600		2,446,978
Trancom Co., Ltd.		41,400		2,106,644
				12,198,576
Building Products – 1.4%
Bunka Shutter Co., Ltd.		284,300		2,821,546
Fletcher Building Ltd.		1,425,244		4,306,627
Inwido AB		234,501		3,147,768
Lindab International AB		180,560		3,563,174
Zehnder Group AG		28,409		1,809,341
				15,648,456
Commercial Services & Supplies – 0.8%
Downer EDI Ltd.		1,992,056		5,974,087
Mitie Group PLC		2,051,621		2,597,308
				8,571,395
Construction & Engineering – 2.0%
Balfour Beatty PLC		2,137,820		9,004,827
Hazama Ando Corp.		1,325,400		10,468,559
Veidekke ASA		262,855		2,644,099
				22,117,485
Electrical Equipment – 1.4%
Nexans SA		91,201		8,001,227
TKH Group NV		145,126		6,341,639
Volex PLC		281,317		1,143,873
				15,486,739
Ground Transportation – 0.6%
Maruzen Showa Unyu Co., Ltd.		83,100		2,300,130
Nikkon Holdings Co., Ltd.		103,200		2,250,797
Sakai Moving Service Co., Ltd.		133,200		2,566,749
				7,117,676
Industrial Conglomerates – 0.9%
Bidvest Group Ltd. (The)		703,400		9,701,287
Machinery – 6.9%
Amada Co., Ltd.		894,200		9,295,280
ATS Corp.(a)		240,573		10,368,759
Ebara Corp.		61,400		3,620,189
Fuji Corp./Aichi		499,200		8,565,717
Glory Ltd.		426,200		8,118,542

1

Company	Shares		U.S. $ Value
HD Hyundai Construction Equipment Co., Ltd.		124,578	$	4,984,135
IMI PLC		134,481		2,881,586
Kawasaki Heavy Industries Ltd.		398,300		8,777,970
Makino Milling Machine Co., Ltd.		128,900		5,352,251
Nabtesco Corp.		344,900		7,023,131
Randon SA Implementos e Participacoes (Preference Shares)		955,300		2,518,996
Tocalo Co., Ltd.		228,300		2,413,435
Vesuvius PLC		441,880		2,709,642
				76,629,633
Marine Transportation – 0.2%
Hoegh Autoliners ASA		294,242		2,671,663
Passenger Airlines – 0.8%
JET2 PLC		159,814		2,544,300
Wizz Air Holdings PLC(a) (b)		221,794		6,244,549
				8,788,849
Professional Services – 1.4%
Bell System24 Holdings, Inc.		223,400		2,767,632
Danel Adir Yeoshua Ltd.		21,384		1,768,471
dip Corp.		265,000		6,024,527
McMillan Shakespeare Ltd.		223,742		2,432,750
NICE Information Service Co., Ltd.		96,952		712,199
Transcosmos, Inc.		99,800		2,129,081
				15,834,660
Trading Companies & Distributors – 0.8%
Howden Joinery Group PLC		337,049		3,489,390
Russel Metals, Inc.		95,816		3,256,175
Yuasa Trading Co., Ltd.		71,400		2,395,162
				9,140,727
Transportation Infrastructure – 1.3%
Grupo Aeroportuario del Centro Norte SAB de CV		1,141,310		12,070,424
Gujarat Pipavav Port Ltd.		1,374,978		2,521,399
				14,591,823
				238,957,019
Consumer Discretionary – 13.3%
Automobile Components – 3.5%
Dowlais Group PLC		4,557,125		6,193,540
Forvia SE (Paris)(a)		431,422		9,772,889
GUD Holdings Ltd.		317,980		2,599,090
Mahle Metal Leve SA		289,600		2,110,310
Niterra Co., Ltd.		128,700		3,048,117
Schaeffler AG (Preference Shares)		328,124		2,028,377
Sri Trang Agro-Industry PCL		4,351,500		2,090,811
Toyo Tire Corp.		499,694		8,335,855
Vitesco Technologies Group AG(a)		23,290		2,416,063
				38,595,052
Automobiles – 0.5%
Piaggio & C SpA		1,788,706		5,890,510

2

Company	Shares		U.S. $ Value
Broadline Retail – 0.3%
Puuilo Oyj		288,132	$	2,841,557
Distributors – 0.0%
Doshisha Co., Ltd.		35,400		522,211
Diversified Consumer Services – 0.3%
YDUQS Participacoes SA		602,800		2,779,685
Hotels, Restaurants & Leisure – 2.4%
Domino’s Pizza Group PLC		527,485		2,529,670
Greggs PLC		84,028		2,785,479
Jollibee Foods Corp.		2,107,490		9,564,235
Jumbo Interactive Ltd.		248,403		2,352,721
KFC Holdings Japan Ltd.		105,800		2,303,149
Kindred Group PLC		739,980		6,847,764
				26,383,018
Household Durables – 0.7%
GN Store Nord AS(a)		282,614		7,191,489
Ki-Star Real Estate Co., Ltd.		50,900		1,132,664
				8,324,153
Leisure Products – 0.9%
BRP, Inc.		102,113		7,307,161
Sega Sammy Holdings, Inc.		215,600		3,010,020
				10,317,181
Specialty Retail – 1.1%
ABC-Mart, Inc.		374,100		6,529,051
Nick Scali Ltd.		309,949		2,603,142
Pet Valu Holdings Ltd.		50,334		1,093,251
Sleep Country Canada Holdings, Inc.(b)		114,976		2,222,207
				12,447,651
Textiles, Apparel & Luxury Goods – 3.6%
Asics Corp.		248,400		7,754,130
Eclat Textile Co., Ltd.		442,000		8,077,564
Handsome Co., Ltd.		68,710		1,017,891
HUGO BOSS AG		95,619		7,123,654
Indo Count Industries Ltd.		564,814		2,074,897
JNBY Design Ltd.(b)		1,072,000		1,440,657
Marimekko Oyj		191,418		2,812,615
Mavi Giyim Sanayi Ve Ticaret AS - Class B(b)		590,754		2,335,452
Samsonite International SA(a) (b)		2,393,700		7,897,347
				40,534,207
				148,635,225
Information Technology – 11.9%
Communications Equipment – 0.3%
HMS Networks AB		58,126		2,870,801
Electronic Equipment, Instruments & Components – 3.5%
E Ink Holdings, Inc.		1,751,000		11,211,708
Kaga Electronics Co., Ltd.		55,200		2,391,963
LG Innotek Co., Ltd.		28,184		5,220,246
Mycronic AB		102,920		2,936,571

3

Company	Shares		U.S. $ Value
Nan Ya Printed Circuit Board Corp.		649,000	$	5,306,996
Supreme Electronics Co., Ltd.		1,769,721		3,484,810
Test Research, Inc.		909,000		1,856,010
Tripod Technology Corp.		1,123,000		7,120,871
				39,529,175
IT Services – 0.5%
Future Corp.		108,800		1,358,895
NSD Co., Ltd.		52,700		1,011,426
Sonata Software Ltd.		338,924		3,015,463
				5,385,784
Semiconductors & Semiconductor Equipment – 5.5%
ASPEED Technology, Inc.		24,600		2,492,004
Elan Microelectronics Corp.		421,000		2,225,994
Faraday Technology Corp.		237,000		2,746,274
King Yuan Electronics Co., Ltd.		467,000		1,288,992
LX Semicon Co., Ltd.		25,816		1,732,742
Melexis NV		28,188		2,841,008
Micronics Japan Co., Ltd.		131,900		3,421,249
Nanya Technology Corp.		3,766,000		9,557,575
Phison Electronics Corp.		86,000		1,453,644
Sanken Electric Co., Ltd.		170,300		9,338,594
SCREEN Holdings Co., Ltd.		51,200		4,315,688
Siltronic AG		72,567		7,084,230
Sino-American Silicon Products, Inc.		405,000		2,581,412
Sitronix Technology Corp.		95,000		859,005
Tokyo Seimitsu Co., Ltd.		61,700		3,784,022
Ulvac, Inc.		125,900		5,996,577
				61,719,010
Software – 1.7%
Atoss Software AG		10,516		2,425,517
Sinch AB(a)		1,777,035		6,630,750
Tanla Platforms Ltd.		610,971		8,041,486
WingArc1st, Inc.		78,900		1,716,295
				18,814,048
Technology Hardware, Storage & Peripherals – 0.4%
Asia Vital Components Co., Ltd.		246,000		2,687,455
Chicony Electronics Co., Ltd.		419,000		2,387,577
				5,075,032
				133,393,850
Financials – 11.8%
Banks – 6.1%
Alpha Services and Holdings SA(a)		3,497,497		5,941,001
Banco de Sabadell SA		8,353,772		10,283,119
Bank of Ireland Group PLC		1,038,363		9,426,726
Bank Pembangunan Daerah Jawa Timur Tbk PT		43,073,500		1,748,454
BAWAG Group AG(b)		151,824		8,034,697
BNK Financial Group, Inc.		393,601		2,176,855
City Union Bank Ltd.		3,906,442		6,980,547
Juroku Financial Group, Inc.		85,600		2,257,054
Mebuki Financial Group, Inc.		3,358,300		10,189,958
Seven Bank Ltd.		593,100		1,259,091
Sydbank AS		58,916		2,562,461
Virgin Money UK PLC		3,704,384		7,739,657
				68,599,620

4

Company	Shares		U.S. $ Value
Capital Markets – 1.6%
Azimut Holding SpA		112,489	$	2,940,509
Banca Generali SpA		67,196		2,499,583
JAFCO Group Co., Ltd.		202,000		2,359,279
Man Group PLC/Jersey		764,220		2,265,787
Monex Group, Inc.		1,119,100		5,685,645
Polar Capital Holdings PLC		351,234		2,086,284
				17,837,087
Consumer Finance – 0.5%
FinVolution Group (ADR)		481,150		2,357,635
Jaccs Co., Ltd.		72,300		2,655,201
				5,012,836
Financial Services – 1.6%
BFF Bank SpA(b)		238,390		2,719,704
First National Financial Corp.		75,750		2,194,095
Genertec Universal Medical Group Co., Ltd.(b)		3,682,500		2,117,611
L&T Finance Holdings Ltd.		5,591,437		11,078,950
				18,110,360
Insurance – 2.0%
Coface SA		160,703		2,105,908
Hiscox Ltd.		532,099		7,148,650
Protector Forsikring ASA		151,080		2,676,640
SCOR SE		268,528		7,868,151
UNIQA Insurance Group AG		267,325		2,200,582
				21,999,931
				131,559,834
Materials – 8.9%
Chemicals – 1.9%
Castrol India Ltd.		1,421,585		3,069,915
Dongjin Semichem Co., Ltd.		54,875		1,639,082
Gujarat Narmada Valley Fertilizers & Chemicals Ltd.		1,204,164		10,877,595
Tosoh Corp.		476,200		6,070,611
				21,657,203
Construction Materials – 0.3%
CSR Ltd.		687,879		3,094,885
Containers & Packaging – 0.8%
Rengo Co., Ltd.		1,017,300		6,771,739
Verallia SA(b)		68,140		2,625,216
				9,396,955
Metals & Mining – 4.6%
APERAM SA		194,095		7,060,053
Capstone Mining Corp.(a)		1,637,566		7,971,247
Central Asia Metals PLC		1,055,840		2,433,255
Daiki Aluminium Industry Co., Ltd.		263,400		2,198,891
Endeavour Mining PLC		332,336		7,466,619

5

Company	Shares		U.S. $ Value
Lundin Mining Corp.		910,438	$	7,448,133
OSAKA Titanium Technologies Co., Ltd.		239,500		4,584,202
Outokumpu Oyj		463,710		2,300,960
Pan African Resources PLC		6,910,375		1,485,081
Perenti Ltd.(a)		2,587,586		1,832,268
Shougang Fushan Resources Group Ltd.		6,768,000		2,496,280
SSAB AB - Class B		490,614		3,756,397
				51,033,386
Paper & Forest Products – 1.3%
Daio Paper Corp.		817,700		6,502,118
Interfor Corp.(a)		427,940		7,583,134
Navigator Co. SA (The)		186,253		730,646
				14,815,898
				99,998,327
Communication Services – 7.7%
Diversified Telecommunication Services – 0.5%
Gamma Communications PLC		164,937		2,358,938
Telecom Egypt Co.		2,161,013		2,562,469
				4,921,407
Entertainment – 3.1%
CTS Eventim AG & Co. KGaA		36,799		2,545,212
GungHo Online Entertainment, Inc.		395,200		6,579,238
International Games System Co., Ltd.		771,000		18,165,379
Soft-World International Corp.		432,000		2,115,793
Ubisoft Entertainment SA(a)		219,632		5,614,393
				35,020,015
Interactive Media & Services – 1.0%
AfreecaTV Co., Ltd.		33,296		2,202,613
Hello Group, Inc. (Sponsored ADR)		272,748		1,895,598
Kakaku.com, Inc.		473,700		5,852,777
Rightmove PLC		194,582		1,430,370
				11,381,358
Media – 3.1%
4imprint Group PLC		42,490		2,471,486
Criteo SA (Sponsored ADR)(a)		247,515		6,267,080
Kadokawa Corp.		421,200		8,555,791
Perion Network Ltd.(a)		75,453		2,370,307
Stroeer SE & Co. KGaA		134,022		7,949,826
Sun TV Network Ltd.		838,892		7,173,161
				34,787,651
				86,110,431
Health Care – 7.6%
Biotechnology – 2.1%
Bavarian Nordic A/S(a)		306,543		8,056,983
BioGaia AB - Class B		241,049		2,418,604
Clinuvel Pharmaceuticals Ltd.		214,785		2,339,226
Hugel, Inc.(a)		71,764		8,304,112
Takara Bio, Inc.		248,500		2,202,795
				23,321,720

6

Company	Shares		U.S. $ Value
Health Care Equipment & Supplies – 2.3%
Chularat Hospital PCL - Class F		21,361,600	$	1,877,530
ConvaTec Group PLC(b)		2,697,309		8,393,726
Eiken Chemical Co., Ltd.		197,900		2,395,285
Japan Lifeline Co., Ltd.		315,600		2,820,641
LivaNova PLC(a)		170,685		8,831,242
Revenio Group Oyj		64,946		1,946,412
				26,264,836
Health Care Providers & Services – 0.4%
Odontoprev SA		915,380		2,189,885
Solasto Corp.		505,000		2,202,043
				4,391,928
Health Care Technology – 0.2%
CompuGroup Medical SE & Co. KgaA		45,680		1,912,006
Pharmaceuticals – 2.6%
Ajanta Pharma Ltd.		104,466		2,607,452
Beijing Tong Ren Tang Chinese Medicine Co., Ltd.		743,000		1,156,945
Chong Kun Dang Pharmaceutical Corp.		16,648		1,687,755
Consun Pharmaceutical Group Ltd.		3,326,000		2,031,763
Dermapharm Holding SE		50,770		2,373,753
Faes Farma SA		464,806		1,622,199
Hypera SA		1,037,500		7,641,947
Laboratorios Farmaceuticos Rovi SA		41,110		2,736,522
Mega Lifesciences PCL		1,719,300		2,027,447
Procter & Gamble Health Ltd.		20,217		1,199,020
Sanofi India Ltd.		24,482		2,364,741
United Laboratories International Holdings Ltd. (The)		2,128,000		1,911,605
				29,361,149
				85,251,639
Energy – 6.6%
Energy Equipment & Services – 0.8%
Pason Systems, Inc.		206,922		2,525,134
Vallourec SACA(a)		448,182		6,961,647
				9,486,781
Oil, Gas & Consumable Fuels – 5.8%
Baytex Energy Corp.		1,597,153		5,279,446
Beach Energy Ltd.		8,320,078		9,083,738
BLUENORD ASA(a)		42,723		2,093,030
BW LPG Ltd.(b)		184,850		2,752,764
Cosmo Energy Holdings Co., Ltd.		248,000		9,938,704
Enerplus Corp.		492,980		7,556,261
Gibson Energy, Inc.		151,960		2,308,558
Headwater Exploration, Inc.		415,720		1,960,869
International Petroleum Corp.(a)		125,121		1,489,120
Itochu Enex Co., Ltd.		216,600		2,357,663
Oil India Ltd.		1,341,828		6,011,409

7

Company	Shares		U.S. $ Value
Oil Refineries Ltd.		7,120,141	$	2,403,174
Parex Resources, Inc.		119,274		2,245,867
Petroreconcavo SA		136,400		609,147
Serica Energy PLC		567,643		1,658,923
Spartan Delta Corp.		226,992		510,499
Thungela Resources Ltd.		69,169		581,560
Viva Energy Group Ltd.(b)		1,122,343		2,670,414
Whitehaven Coal Ltd.		162,666		825,488
Yancoal Australia Ltd.		714,590		2,411,485
				64,748,119
				74,234,900
Real Estate – 3.7%
Diversified REITs – 0.6%
H&R Real Estate Investment Trust		321,695		2,403,517
Lar Espana Real Estate Socimi SA		401,600		2,726,580
Sekisui House Reit, Inc.		4,103		2,241,236
				7,371,333
Health Care REITs – 0.7%
Assura PLC		13,695,265		8,400,150
Industrial REITs – 0.1%
AIMS APAC REIT		930,315		916,001
Office REITs – 0.4%
AREIT, Inc.		3,346,600		2,018,536
CLS Holdings PLC		1,821,678		2,363,564
Keppel Pacific Oak US REIT(b)		553,200		207,181
				4,589,281
Real Estate Management & Development – 0.8%
Kerry Properties Ltd.		1,247,000		2,281,330
Starts Corp., Inc.		43,300		897,629
TAG Immobilien AG(a)		371,149		5,396,088
				8,575,047
Residential REITs – 0.2%
Morguard North American Residential Real Estate Investment Trust		168,460		1,877,782
Retail REITs – 0.9%
Charter Hall Retail REIT		2,633,488		6,474,823
Hamborner REIT AG		36,570		275,323
Immobiliare Grande Distribuzione SIIQ SpA		137,604		350,148
Lendlease Global Commercial REIT		103,900		50,742
Mercialys SA		273,277		3,003,525
				10,154,561
				41,884,155
Consumer Staples – 3.0%
Beverages – 1.5%
Heineken Malaysia Bhd		398,300		2,092,484
Hite Jinro Co., Ltd.		423,176		7,370,988
Royal Unibrew A/S		113,802		7,602,654
				17,066,126

8

Company	Shares		U.S. $ Value
Consumer Staples Distribution & Retail – 1.2%
HelloFresh SE(a)		293,084	$	4,620,918
Migros Ticaret AS		168,930		1,920,392
Sendas Distribuidora SA		1,817,653		5,035,767
Sonae SGPS SA		1,738,313		1,736,862
				13,313,939
Food Products – 0.2%
Ta Ann Holdings Bhd		2,096,200		1,669,661
Personal Care Products – 0.1%
Industri Jamu Dan Farmasi Sido Muncul Tbk PT		39,580,500		1,349,598
				33,399,324
Utilities – 2.6%
Electric Utilities – 0.1%
Enerjisa Enerji AS(b)		1,115,590		1,722,964
Gas Utilities – 0.2%
Gujarat State Petronet Ltd.		492,179		1,808,717
Independent Power and Renewable Electricity Producers – 1.0%
Capital Power Corp.		378,334		10,804,240
Multi-Utilities – 1.1%
Sembcorp Industries Ltd.		3,061,700		12,306,496
Water Utilities – 0.2%
Cia de Saneamento de Minas Gerais Copasa MG		565,400		2,386,416
				29,028,833
Total Common Stocks (cost $975,713,354)				1,102,453,537
SHORT-TERM INVESTMENTS – 0.7%
Investment Companies – 0.7%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.27%(c) (d) (e) (cost $7,704,113)		7,704,113		7,704,113
Total Investments – 99.2% (cost $983,417,467)(f)				1,110,157,650
Other assets less liabilities – 0.8%				8,550,642
Net Assets – 100.0%			$	1,118,708,292

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America, NA		USD	6,036		CNH	43,861		01/11/2024		$	123,229
Bank of America, NA		JPY	3,855,080		USD	26,115		01/12/2024			(1,255,776	)
Bank of America, NA		SGD	9,062		USD	6,727		01/18/2024			(144,269	)
Bank of America, NA		USD	4,138		GBP	3,272		01/25/2024			33,585
Bank of America, NA		USD	3,640		NOK	39,472		02/16/2024			249,000

9

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Barclays Bank PLC		BRL	39,773		USD	8,089		01/03/2024		$	(98,995	)
Barclays Bank PLC		USD	8,215		BRL	39,773		01/03/2024			(27,567	)
Barclays Bank PLC		JPY	1,272,283		USD	8,617		01/12/2024			(416,192	)
Barclays Bank PLC		USD	4,924		JPY	695,548		01/12/2024			14,599
Barclays Bank PLC		USD	24,162		AUD	37,096		01/25/2024			1,134,678
BNP Paribas SA		TWD	83,069		USD	2,688		02/26/2024			(55,215	)
Citibank, NA		EUR	5,323		USD	5,843		01/10/2024			(34,857	)
Citibank, NA		USD	3,180		EUR	2,900		01/10/2024			22,072
Citibank, NA		JPY	686,396		USD	4,868		01/12/2024			(5,043	)
Citibank, NA		USD	4,371		JPY	631,002		01/12/2024			109,002
Citibank, NA		USD	11,727		KRW	15,804,437		01/18/2024			473,149
Citibank, NA		PHP	520,529		USD	9,176		01/25/2024			(225,074	)
Citibank, NA		USD	2,748		AUD	4,050		01/25/2024			14,098
Citibank, NA		USD	23,020		CHF	20,332		02/15/2024			1,259,549
Citibank, NA		TWD	261,186		USD	8,381		02/26/2024			(244,661	)
Citibank, NA		INR	249,537		USD	2,992		03/14/2024			2,516
Citibank, NA		USD	19,012		INR	1,589,893		03/14/2024			34,141
Deutsche Bank AG		INR	301,887		USD	3,617		03/14/2024			888
Goldman Sachs Bank USA		USD	2,737		EUR	2,587		01/10/2024			120,110
Goldman Sachs Bank USA		JPY	415,820		USD	2,806		01/12/2024			(146,489	)
HSBC Bank USA		CAD	4,751		USD	3,503		01/10/2024			(82,843	)
HSBC Bank USA		USD	5,052		JPY	754,476		01/12/2024			304,789
HSBC Bank USA		USD	11,555		ILS	45,846		01/17/2024			1,110,884
HSBC Bank USA		USD	3,361		GBP	2,673		01/25/2024			46,363
Morgan Stanley Capital Services, Inc.		BRL	39,773		USD	8,215		01/03/2024			27,567
Morgan Stanley Capital Services, Inc.		USD	8,235		BRL	39,773		01/03/2024			(46,787	)
Morgan Stanley Capital Services, Inc.		EUR	52,575		USD	56,184		01/10/2024			(1,872,229	)
Morgan Stanley Capital Services, Inc.		USD	1,285		EUR	1,207		01/10/2024			47,736
Morgan Stanley Capital Services, Inc.		USD	2,932		MYR	13,601		01/11/2024			35,130
Morgan Stanley Capital Services, Inc.		USD	3,415		JPY	506,785		01/12/2024			182,709
Morgan Stanley Capital Services, Inc.		MXN	95,401		USD	5,499		01/18/2024			(106,125	)
Morgan Stanley Capital Services, Inc.		USD	2,992		SGD	3,955		01/18/2024			7,141
Morgan Stanley Capital Services, Inc.		BRL	39,773		USD	8,202		02/02/2024			27,461
State Street Bank & Trust Co.		KRW	6,238,252		USD	4,638		01/18/2024			(177,192	)
UBS AG		CAD	7,702		USD	5,600		01/10/2024			(213,720	)
UBS AG		USD	2,968		CNH	21,183		01/11/2024			6,929
UBS AG		USD	9,007		JPY	1,312,972		01/12/2024			315,448
UBS AG		KRW	3,478,185		USD	2,655		01/18/2024			(30,110	)
UBS AG		AUD	3,978		USD	2,584		01/25/2024			(128,738	)
UBS AG		USD	2,862		GBP	2,243		01/25/2024			(2,186	)
UBS AG		TWD	93,049		USD	2,987		02/26/2024			(85,823	)
										$	302,882

(a) Non-income producing security.

(b) 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 $51,384,489 or 4.6% of net assets.

(c) Affiliated investments.

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

(e) 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.

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(f) 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 $191,595,322 and gross unrealized depreciation of investments was $(64,552,257), resulting in net unrealized appreciation of $127,043,065.

  Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market.

Currency Abbreviations:

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CNH – Chinese Yuan Renminbi (Offshore)

EUR – Euro

GBP – Great British Pound

ILS – Israeli Shekel

INR – Indian Rupee

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

PHP – Philippine Peso

SGD – Singapore Dollar

TWD – New Taiwan Dollar

USD – United States Dollar

Glossary:

ADR – American Depositary Receipt

REIT – Real Estate Investment Trust

COUNTRY BREAKDOWN¹

December 31, 2023 (unaudited)

23.3	%	Japan
8.6	%	United Kingdom
7.7	%	Taiwan
6.7	%	Canada
6.2	%	India
4.7	%	France
4.2	%	Germany
4.0	%	Australia
3.9	%	Sweden
3.3	%	South Korea
2.3	%	Denmark
2.3	%	Brazil
2.2	%	United States
19.9	%	Other
0.7	%	Short-Term Investments
100.0	%	Total Investments

1 The Portfolio’s country breakdown is expressed as a percentage of total investments and may vary over time. The Portfolio also enters into derivative transactions, which may be used for hedging or investment purposes (see “Schedule of Investments” section of the report for additional details). “Other” country weightings represent 1.8% or less in the following: Austria, Belgium, Chile, China, Egypt, Finland, Greece, Hong Kong, Indonesia, Ireland, Israel, Italy, Luxembourg, Malaysia, Malta, Mexico, Netherlands, New Zealand, Norway, Philippines, Portugal, Singapore, South Africa, Spain, Switzerland, Thailand and Turkey.

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Bernstein Fund, Inc.

International Small Cap 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.

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.

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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:
Common Stocks:
Industrials	$	49,535,645	$	189,421,374		$	—	$	238,957,019
Consumer Discretionary		18,186,749		130,448,476			—		148,635,225
Information Technology		—		133,393,850			—		133,393,850
Financials		20,477,545		111,082,289			—		131,559,834
Materials		34,387,469		65,610,858			—		99,998,327
Communication Services		10,725,147		75,385,284			—		86,110,431
Health Care		17,088,081		68,163,558			—		85,251,639
Energy		29,613,252		44,621,648			—		74,234,900
Real Estate		17,776,713		24,107,442			—		41,884,155
Consumer Staples		7,032,135		26,367,189			—		33,399,324
Utilities		10,804,240		18,224,593			—		29,028,833
Short-Term Investments		7,704,113		—			—		7,704,113
Total Investments in Securities		223,331,089		886,826,561	(a)		—		1,110,157,650
Other Financial Instruments(b):
Assets:
Forward Currency Exchange Contracts		—		5,702,773			—		5,702,773
Liabilities:
Forward Currency Exchange Contracts		—		(5,399,891	)		—		(5,399,891	)
Total	$	223,331,089	$	887,129,443		$	—	$	1,110,460,532

^(a)  A significant portion of the Portfolio’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.

^(b)  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 Portfolio’s transactions in AB mutual funds for the three months ended December 31, 2023 is as follows:

Fund	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	$	7,580	$	39,308	$	39,184	$	7,704	$	208

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