Ab Sustainable Global Thematic Fund NPORT-P Ab Sustainable Global Thematic Fund, Inc. (Oct 2020 report)

AB Sustainable Global Thematic Fund

Portfolio of Investments

October 31, 2020 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 92.7%
Information Technology – 25.5%
Communications Equipment – 1.1%
Lumentum Holdings, Inc.(a)		196,200	$	16,223,778
Electronic Equipment, Instruments & Components – 4.3%
Flex Ltd.(a) (b)		2,734,790		38,697,278
Keyence Corp.		56,300		25,550,207
				64,247,485
IT Services – 6.1%
Adyen NV(a) (c)		17,490		29,396,198
Ant Group Co., Ltd. - Class H(c)		355,200		3,665,398
Pagseguro Digital Ltd.(a) (b)		386,810		14,161,114
Square, Inc. - Class A(a) (b)		142,737		22,107,106
Visa, Inc. - Class A(b)		121,245		22,031,429
				91,361,245
Semiconductors & Semiconductor Equipment – 6.1%
Cree, Inc.(a)		287,080		18,258,288
Infineon Technologies AG		1,253,033		34,885,913
NVIDIA Corp.		29,349		14,714,415
NXP Semiconductors NV		169,840		22,948,781
				90,807,397
Software – 6.1%
Dassault Systemes SE		147,110		25,083,774
Microsoft Corp.		133,585		27,046,955
Proofpoint, Inc.(a) (b)		177,816		17,024,104
Zendesk, Inc.(a)		198,710		22,044,887
				91,199,720
Technology Hardware, Storage & Peripherals – 1.8%
Apple, Inc.		244,546		26,621,278
				380,460,903
Health Care – 22.8%
Biotechnology – 1.4%
Abcam PLC		1,083,190		20,670,199
Health Care Equipment & Supplies – 7.7%
Danaher Corp.		132,743		30,469,828
Koninklijke Philips NV(a)		794,863	��	36,815,471
STERIS PLC		107,400		19,030,206
West Pharmaceutical Services, Inc.(b)		106,113		28,870,164
				115,185,669
Health Care Providers & Services – 4.2%
Apollo Hospitals Enterprise Ltd.		1,075,423		30,786,311
Laboratory Corp. of America Holdings(a)		160,140		31,991,168
				62,777,479

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Company	Shares		U.S. $ Value
Life Sciences Tools & Services – 9.5%
Bio-Rad Laboratories, Inc. - Class A(a) (b)		62,580	$	36,698,163
Bruker Corp.		374,105		15,914,427
Gerresheimer AG		290,580		29,210,374
ICON PLC(a)		160,120		28,869,636
Tecan Group AG		66,010		31,323,615
				142,016,215
				340,649,562
Industrials – 17.6%
Building Products – 3.9%
Kingspan Group PLC(a)		425,565		37,098,228
Trex Co., Inc.(a) (b)		308,600		21,460,044
				58,558,272
Commercial Services & Supplies – 3.8%
Tetra Tech, Inc.		122,130		12,324,138
TOMRA Systems ASA		441,150		17,816,584
Waste Management, Inc.		248,170		26,780,025
				56,920,747
Electrical Equipment – 6.3%
Rockwell Automation, Inc.		117,070		27,759,638
Schneider Electric SE		207,940		25,266,044
Vestas Wind Systems A/S		237,840		40,804,786
				93,830,468
Machinery – 2.2%
Xylem, Inc./NY(b)		367,588		32,031,618
Professional Services – 1.4%
Recruit Holdings Co., Ltd.		559,900		21,304,557
				262,645,662
Financials – 6.8%
Banks – 2.0%
Erste Group Bank AG(a)		601,270		12,359,384
HDFC Bank Ltd.(a)		1,111,558		17,734,261
				30,093,645
Capital Markets – 3.5%
MSCI, Inc. - Class A(b)		82,410		28,830,315
Partners Group Holding AG		26,184		23,573,605
				52,403,920
Insurance – 1.3%
AIA Group Ltd.		2,050,400		19,514,012
				102,011,577
Consumer Discretionary – 6.6%
Auto Components – 1.7%
Aptiv PLC		261,392		25,221,714
Household Durables – 0.9%
TopBuild Corp.(a)		91,990		14,093,788

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Company	Shares		U.S. $ Value
Internet & Direct Marketing Retail – 1.9%
Alibaba Group Holding Ltd.(a)		756,720	$	28,675,030
Textiles, Apparel & Luxury Goods – 2.1%
NIKE, Inc. - Class B		259,490		31,159,559
				99,150,091
Materials – 5.7%
Chemicals – 5.7%
Chr Hansen Holding A/S		350,260		35,344,670
Ecolab, Inc.		109,919		20,180,029
Koninklijke DSM NV		180,930		28,935,678
				84,460,377
Consumer Staples – 4.1%
Food Products – 1.5%
Kerry Group PLC - Class A		191,790		22,957,628
Household Products – 2.6%
Procter & Gamble Co. (The)		183,820		25,201,722
Unicharm Corp.		290,600		13,446,323
				38,648,045
				61,605,673
Communication Services – 1.9%
Interactive Media & Services – 1.9%
Tencent Holdings Ltd.		368,400		28,147,826
Utilities – 1.7%
Water Utilities – 1.7%
American Water Works Co., Inc.(b)		167,581		25,222,616
Total Common Stocks (cost $926,875,406)				1,384,354,287
SHORT-TERM INVESTMENTS – 7.1%
Investment Companies – 7.1%
AB Fixed Income Shares, Inc. - AB Government Money Market Portfolio - Class AB, 0.03%(d) (e) (f) (cost $106,089,459)		106,089,459		106,089,459
Total Investments – 99.8% (cost $1,032,964,865)(g)				1,490,443,746
Other assets less liabilities – 0.2%				2,484,065
Net Assets – 100.0%			$	1,492,927,811

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FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		USD	18,175		KRW	21,565,836		11/10/2020		$	787,400
Bank of America, NA		USD	3,109		RUB	239,426		11/19/2020			(100,620	)
Bank of America, NA		CHF	16,228		USD	17,925		12/11/2020			206,623
Bank of America, NA		USD	23,612		AUD	32,306		12/11/2020			(899,602	)
Bank of America, NA		USD	36,327		CAD	47,722		12/11/2020			(501,638	)
Bank of America, NA		USD	17,933		JPY	1,890,394		12/11/2020			131,574
Bank of America, NA		USD	9,667		SEK	84,479		12/11/2020			(169,264	)
Barclays Bank PLC		GBP	2,365		USD	3,090		12/11/2020			25,802
Barclays Bank PLC		JPY	411,833		USD	3,912		12/11/2020			(23,258	)
Barclays Bank PLC		USD	3,510		EUR	2,965		12/11/2020			(53,576	)
BNP Paribas SA		BRL	16,052		USD	2,896		11/04/2020			98,782
BNP Paribas SA		USD	2,781		BRL	16,052		11/04/2020			16,407
BNP Paribas SA		EUR	31,914		USD	37,335		12/11/2020			133,656
Citibank, NA		BRL	30,801		USD	5,336		11/04/2020			(31,482	)
Citibank, NA		USD	5,373		BRL	30,801		11/04/2020			(4,635	)
Citibank, NA		USD	2,411		KRW	2,812,593		11/10/2020			61,949
Citibank, NA		USD	22,189		TWD	643,442		11/18/2020			429,126
Citibank, NA		BRL	30,801		USD	5,368		12/02/2020			7,257
Citibank, NA		EUR	18,931		USD	22,453		12/11/2020			385,492
Citibank, NA		USD	19,684		CNY	135,579		12/11/2020			496,695
Citibank, NA		USD	13,348		EUR	11,380		12/11/2020			(82,545	)
Citibank, NA		USD	2,503		JPY	265,523		12/11/2020			34,226
Deutsche Bank AG		EUR	7,119		USD	8,398		12/11/2020			99,531
Deutsche Bank AG		USD	3,120		AUD	4,349		12/11/2020			(62,314	)
Deutsche Bank AG		USD	1,947		NOK	18,187		12/11/2020			(41,813	)
Deutsche Bank AG		INR	2,082,325		USD	28,084		01/15/2021			347,370
Goldman Sachs Bank USA		USD	2,091		BRL	12,063		12/02/2020			8,291
Goldman Sachs Bank USA		EUR	6,832		USD	8,022		12/11/2020			57,759
Goldman Sachs Bank USA		NOK	28,670		USD	3,112		12/11/2020			109,350
Goldman Sachs Bank USA		USD	2,272		CHF	2,057		12/11/2020			(26,377	)
Goldman Sachs Bank USA		USD	11,160		EUR	9,427		12/11/2020			(170,844	)
Goldman Sachs Bank USA		USD	19,215		JPY	2,035,595		12/11/2020			237,589
JPMorgan Chase Bank, NA		BRL	14,749		USD	2,648		11/04/2020			77,695
JPMorgan Chase Bank, NA		USD	2,555		BRL	14,749		11/04/2020			15,075
JPMorgan Chase Bank, NA		CHF	2,680		USD	2,957		12/11/2020			30,760
JPMorgan Chase Bank, NA		NOK	122,025		USD	13,074		12/11/2020			293,744
JPMorgan Chase Bank, NA		USD	5,480		EUR	4,645		12/11/2020			(65,226	)
Natwest Markets PLC		EUR	174,512		USD	207,429		12/11/2020			4,003,391
Natwest Markets PLC		GBP	9,745		USD	12,609		12/11/2020			(18,925	)
Natwest Markets PLC		HKD	14,868		USD	1,918		12/11/2020			201
Natwest Markets PLC		USD	3,294		CAD	4,365		12/11/2020			(17,259	)
Natwest Markets PLC		USD	5,272		EUR	4,473		12/11/2020			(58,382	)
Societe Generale		USD	2,662		SEK	23,449		12/11/2020			(25,855	)
Standard Chartered Bank		CAD	9,178		USD	6,892		12/11/2020			2,447
Standard Chartered Bank		USD	3,614		CHF	3,305		12/11/2020			(5,080	)
Standard Chartered Bank		USD	2,550		CNY	17,490		12/11/2020			53,251
Standard Chartered Bank		USD	32,230		GBP	24,848		12/11/2020			(30,910	)
Standard Chartered Bank		INR	222,428		USD	3,008		01/15/2021			45,199
Standard Chartered Bank		USD	9,096		INR	683,413		01/15/2021			7,443
State Street Bank & Trust Co.		CHF	2,138		USD	2,346		12/11/2020			11,357
State Street Bank & Trust Co.		EUR	7,702		USD	9,052		12/11/2020			73,710
State Street Bank & Trust Co.		USD	5,234		CHF	4,846		12/11/2020			56,920
State Street Bank & Trust Co.		USD	2,479		CNY	17,269		12/11/2020			91,356
State Street Bank & Trust Co.		USD	7,995		EUR	6,840		12/11/2020			(21,383	)
State Street Bank & Trust Co.		USD	2,792		JPY	293,619		12/11/2020			13,916
State Street Bank & Trust Co.		USD	2,536		MXN	54,520		12/11/2020			23,606
State Street Bank & Trust Co.		USD	4,089		ZAR	69,168		12/11/2020			142,307
State Street Bank & Trust Co.		EUR	3,446		USD	4,027		03/15/2021			1,320
State Street Bank & Trust Co.		USD	11,103		GBP	8,571		03/15/2021			10,235
UBS AG		USD	4,077		JPY	425,764		11/04/2020			(10,398	)
UBS AG		CHF	2,370		USD	2,614		12/11/2020			26,590
UBS AG		EUR	6,732		USD	7,986		12/11/2020			138,922
UBS AG		HKD	36,449		USD	4,700		12/11/2020			(1,167	)
UBS AG		USD	3,037		GBP	2,338		12/11/2020			(7,327	)
										$	6,364,444

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(a) Non-income producing security.

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

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At October 31, 2020, the aggregate market value of these securities amounted to $33,061,596 or 2.2% of net assets.

(d) Affiliated investments.

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

(f) 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.

(g) As of October 31, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $483,306,800 and gross unrealized depreciation of investments was $(19,463,475), resulting in net unrealized appreciation of $463,843,325.

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

CNY – Chinese Yuan Renminbi

EUR – Euro

GBP – Great British Pound

HKD – Hong Kong Dollar

INR – Indian Rupee

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

NOK – Norwegian Krone

RUB – Russian Ruble

SEK – Swedish Krona

TWD – New Taiwan Dollar

USD – United States Dollar

ZAR – South African Rand

Country Breakdown¹

October 31, 2020 (unaudited)

45.5	%	United States
7.9	%	Netherlands
6.0	%	Ireland
5.1	%	Denmark
4.3	%	Germany
4.1	%	China
4.0	%	Japan
3.7	%	Switzerland
3.4	%	France
3.2	%	India
1.4	%	United Kingdom
1.3	%	Hong Kong
1.2	%	Norway
1.8	%	Other
7.1	%	Short-Term
100.0	%	Total Investments

1 All data are as of October 31, 2020. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 1.0% or less in the following: Austria and Brazil.

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AB Sustainable Global Thematic Portfolio    

October 31, 2020 (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 Portfolio. 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)

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.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of October 31, 2020:

Investments in Securities:	Level 1		Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	261,879,413	$	118,581,490		$	—	$	380,460,903
Health Care		212,513,791		128,135,771			—		340,649,562
Industrials		157,453,691		105,191,971			—		262,645,662
Financials		28,830,315		73,181,262			—		102,011,577
Consumer Discretionary		70,475,061		28,675,030			—		99,150,091
Materials		20,180,029		64,280,348			—		84,460,377
Consumer Staples		25,201,722		36,403,951			—		61,605,673
Communication Services		—		28,147,826			—		28,147,826
Utilities		25,222,616		—			—		25,222,616
Short-Term Investments		106,089,459		—			—		106,089,459
Total Investments in Securities		907,846,097		582,597,649	(a)		—		1,490,443,746
Other Financial Instruments(b):
Assets:
Forward Currency Exchange Contracts		—		8,794,324			—		8,794,324
Liabilities:
Forward Currency Exchange Contracts		—		(2,429,880	)		—		(2,429,880	)
Total	$	907,846,097	$	588,962,093		$	—	$	1,496,808,190

^(a)  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.

^(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, options written and swaptions written which are valued at market value.

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A summary of the Fund’s transactions in AB mutual funds for the three months ended October 31, 2020 is as follows:

Fund	Market Value 07/31/2020 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 10/31/2020 (000)		Dividend Income (000)
Government Money Market Portfolio	$	110,156	$	101,293	$	105,360	$	106,089	$	17

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