Ab Global Risk Allocation Fund NPORT-P Ab Global Risk Allocation Fund, Inc. (Feb 2024 report)

AB Global Risk Allocation Fund, Inc.

Consolidated Portfolio of Investments

February 29, 2024 (unaudited)

	Principal Amount (000)			U.S. $ Value
INFLATION-LINKED SECURITIES – 47.6%
United States – 47.6%
U.S. Treasury Inflation Index
0.375%, 07/15/2025 (TIPS)		U.S.$	61,501	$	60,155,850
0.375%, 01/15/2027 (TIPS)			7,150		6,819,988
0.50%, 01/15/2028 (TIPS)			19,288		18,236,571
Total Inflation-Linked Securities (cost $87,267,357)					85,212,409
GOVERNMENTS - TREASURIES – 17.9%
Japan – 17.9%
Japan Treasury Discount Bill Series 1212 Zero Coupon, 05/20/2024 (cost $31,933,760)		JPY	4,807,000		32,072,425
	Shares
INVESTMENT COMPANIES – 13.7%
Funds and Investment Trusts – 13.7%(a)
Altaba, Inc.(b) (c) (d)			1,120		0
iShares MSCI Emerging Markets ex China ETF(e)			16,490		920,802
VanEck JPMorgan EM Local Currency Bond ETF - Class E			98,020		2,429,916
Vanguard S&P 500 ETF			45,420		21,207,960
Total Investment Companies (cost $24,115,925)					24,558,678
COMMON STOCKS – 9.2%
Financials – 1.7%
Banks – 0.5%
ABN AMRO Bank NV			1,125		18,111
Banco Bilbao Vizcaya Argentaria SA			3,189		31,808
Banco de Sabadell SA			16,277		21,169
Banco Santander SA			3,967		16,532
Bank of Ireland Group PLC			2,334		20,383
Bankinter SA			3,395		21,612
Barclays PLC			10,110		21,130
BNP Paribas SA			331		19,867
CaixaBank SA			8,772		39,682
Commerzbank AG			2,045		23,673
Credit Agricole SA			1,641		22,257
Danske Bank A/S			858		25,242
DNB Bank ASA			1,818		36,403
Erste Group Bank AG			821		32,826
HSBC Holdings PLC			5,317		41,386
ING Groep NV			1,574		21,661
Intesa Sanpaolo SpA			18,206		57,975
KBC Group NV			411		28,952
Lloyds Banking Group PLC			36,308		21,468
NatWest Group PLC			6,427		19,433
Nedbank Group Ltd.			441		5,045
Nordea Bank Abp (Helsinki)			88		1,071
Nordea Bank Abp (Stockholm)			3,090		37,616
Raiffeisen Bank International AG			1,044		21,747
Skandinaviska Enskilda Banken AB - Class A			3,315		49,303
Societe Generale SA			422		10,249
Standard Chartered PLC			2,940		24,858

1

Company	Shares		U.S. $ Value
Svenska Handelsbanken AB - Class A		2,923	$	34,959
Swedbank AB - Class A		1,696		37,300
UniCredit SpA		1,079		36,141
				799,859
Capital Markets – 0.4%
3i Group PLC		4,463		139,438
abrdn PLC		11,793		23,484
Deutsche Bank AG (REG)		1,113		14,906
Deutsche Boerse AG		355		74,318
Hargreaves Lansdown PLC		1,868		17,216
Investec PLC		4,737		29,649
Julius Baer Group Ltd.		634		33,963
London Stock Exchange Group PLC		1,249		140,279
Ninety One PLC		3,019		6,250
Partners Group Holding AG		68		97,775
Quilter PLC(f)		2,789		3,412
Schroders PLC		5,552		27,672
St. James’s Place PLC		2,130		13,562
UBS Group AG (REG)		1,888		53,906
				675,830
Consumer Finance – 0.0%
Vanquis Banking Group PLC		1,368		2,093
Financial Services – 0.2%
Edenred SE		463		22,911
Eurazeo SE		635		53,721
EXOR NV(b) (c)		480		51,775
Groupe Bruxelles Lambert NV		600		45,125
Industrivarden AB - Class A		44		1,502
Industrivarden AB - Class C		1,828		62,230
Investor AB - Class B		3,608		90,775
Jackson Financial, Inc. - Class A		38		988
Kinnevik AB - Class B(d)		1,368		14,506
L E Lundbergforetagen AB - Class B		856		46,561
M&G PLC		1,555		4,421
Wendel SE		294		28,786
Worldline SA/France(d)		725		8,346
				431,647
Insurance – 0.6%
Admiral Group PLC		1,243		41,940
Aegon Ltd.		4,545		27,316
Ageas SA/NV		832		35,360
Allianz SE (REG)		222		60,973
Assicurazioni Generali SpA		1,915		45,422
Aviva PLC		3,940		22,254
Baloise Holding AG (REG)		288		46,469
Direct Line Insurance Group PLC(d)		8,791		22,443
Gjensidige Forsikring ASA		2,409		38,058
Hannover Rueck SE		383		98,319
Legal & General Group PLC		13,473		41,309
Linea Directa Aseguradora SA Cia de Seguros y Reaseguros		3,395		3,361
Mandatum Oyj(d)		886		3,892
Mapfre SA		8,898		18,889

2

Company	Shares		U.S. $ Value
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (REG)		212	$	98,701
NN Group NV		985		43,958
Old Mutual Ltd.		9,763		6,104
Poste Italiane SpA		5,111		59,949
Prudential PLC		1,555		15,321
Sampo Oyj - Class A		886		39,646
SCOR SE		791		24,137
Swiss Life Holding AG (REG)		132		95,950
Swiss Re AG		469		56,606
Tryg A/S		4,038		85,873
UnipolSai Assicurazioni SpA		12,165		35,015
Zurich Insurance Group AG		154		81,933
				1,149,198
				3,058,627
Health Care – 1.1%
Biotechnology – 0.1%
Genmab A/S(d)		279		77,512
Grifols SA(d)		2,271		18,704
Idorsia Ltd.(d)		213		533
				96,749
Health Care Equipment & Supplies – 0.3%
Alcon, Inc.		184		15,689
Arjo AB - Class B		2,759		13,063
Coloplast A/S - Class B		742		98,562
Demant A/S(d)		2,432		121,933
EssilorLuxottica SA		493		104,681
Getinge AB - Class B		2,759		54,676
Koninklijke Philips NV		509		10,255
Smith & Nephew PLC		4,175		55,080
Sonova Holding AG (REG)		435		134,174
				608,113
Health Care Providers & Services – 0.0%
Fresenius Medical Care AG		755		28,956
Fresenius SE & Co. KGaA		693		19,408
				48,364
Life Sciences Tools & Services – 0.2%
Eurofins Scientific SE		1,160		69,325
Lonza Group AG (REG)		278		145,104
QIAGEN NV(d)		1,475		63,065
				277,494
Pharmaceuticals – 0.5%
AstraZeneca PLC		729		91,893
Bayer AG (REG)		526		15,893
Euroapi SA(d)		26		108
GSK PLC		2,919		61,061
Hikma Pharmaceuticals PLC		2,641		65,541
Merck KGaA		536		91,199
Novartis AG (REG)		923		93,128
Novo Nordisk A/S - Class B		2,568		306,531
Orion Oyj - Class B		948		37,271

3

Company	Shares		U.S. $ Value
Roche Holding AG (Genusschein)		268	$	70,071
Sandoz Group AG(d)		184		5,692
Sanofi SA		604		57,570
Takeda Pharmaceutical Co., Ltd. (Sponsored ADR)(e)		1,184		17,275
UCB SA		558		64,382
				977,615
				2,008,335
Industrials – 1.1%
Aerospace & Defense – 0.1%
Airbus SE		181		29,948
Babcock International Group PLC		1,434		8,895
BAE Systems PLC		2,639		41,424
Dassault Aviation SA		110		21,746
Leonardo SpA		684		14,624
Melrose Industries PLC		2,943		23,635
Rolls-Royce Holdings PLC(d)		5,507		25,703
Safran SA		174		36,486
Thales SA		192		28,476
				230,937
Air Freight & Logistics – 0.1%
Deutsche Post AG (REG)		500		23,217
DSV A/S		295		47,333
International Distributions Services PLC(d)		3,581		10,948
				81,498
Building Products – 0.0%
Assa Abloy AB - Class B		848		24,206
Cie de Saint-Gobain SA		254		19,581
Geberit AG (REG)		50		29,069
				72,856
Commercial Services & Supplies – 0.0%
G4S PLC(b) (c) (d)		3,969		12,275
ISS A/S		413		7,427
Pluxee NV(d)		224		6,400
Securitas AB - Class B		2,207		23,739
Societe BIC SA		160		11,560
				61,401
Construction & Engineering – 0.1%
ACS Actividades de Construccion y Servicios SA		601		24,715
Bouygues SA		319		12,615
Eiffage SA		192		20,908
Epiroc AB - Class A		436		7,914
Epiroc AB - Class B		520		8,581
Ferrovial SE		1,093		41,042
HOCHTIEF AG		79		9,373
Orascom Construction PLC		173		755
Skanska AB - Class B		763		14,081
Vinci SA		175		22,425
				162,409

4

Company	Shares		U.S. $ Value
Electrical Equipment – 0.1%
ABB Ltd. (REG)		788	$	36,360
Accelleron Industries AG		39		1,316
Legrand SA		296		29,979
Prysmian SpA		537		26,800
Schneider Electric SE		198		45,004
Siemens Energy AG(d)		59		906
Vestas Wind Systems A/S(d)		760		21,180
				161,545
Industrial Conglomerates – 0.0%
DCC PLC		173		12,296
Siemens AG (REG)		118		23,360
Smiths Group PLC		1,381		28,116
				63,772
Machinery – 0.2%
Alfa Laval AB		849		31,966
Alstom SA		671		8,968
ANDRITZ AG		354		22,274
Atlas Copco AB - Class A		1,744		30,297
Atlas Copco AB - Class B		2,080		31,140
CNH Industrial NV		1,193		14,024
Daimler Truck Holding AG		174		7,109
Electrolux Professional AB - Class B		748		4,761
GEA Group AG		378		15,247
Husqvarna AB - Class B		2,521		19,471
IMI PLC		1,187		26,054
Iveco Group NV(d)		238		2,932
Kone Oyj - Class B		326		15,962
Metso Oyj		1,685		18,024
Sandvik AB		907		20,423
Schindler Holding AG		78		20,551
Schindler Holding AG (REG)		81		20,600
SKF AB - Class B		706		15,421
Valmet Oyj		128		3,355
Volvo AB - Class B		910		25,074
Wartsila OYJ Abp		732		11,332
Weir Group PLC (The)		503		11,667
				376,652
Marine Transportation – 0.1%
AP Moller - Maersk A/S - Class A		10		13,584
AP Moller - Maersk A/S - Class B		9		12,772
Kuehne + Nagel International AG (REG)		139		46,799
				73,155
Passenger Airlines – 0.0%
Deutsche Lufthansa AG (REG)(d)		1,312		10,203
easyJet PLC		1,301		8,964
International Consolidated Airlines Group SA - Class DI(d)		4,711		8,829
				27,996
Professional Services – 0.2%
Adecco Group AG (REG)		233		9,340
Bureau Veritas SA		963		27,981

5

Company	Shares		U.S. $ Value
Capita PLC(d)		1,612	$	413
Experian PLC		1,125		48,179
Intertek Group PLC		254		14,868
Randstad NV		258		14,230
RELX PLC (Amsterdam)		1,139		49,875
RELX PLC (London)		1,122		49,148
SGS SA (REG)		250		24,005
Wolters Kluwer NV		490		77,381
				315,420
Trading Companies & Distributors – 0.1%
AerCap Holdings NV(d)		317		24,466
Ashtead Group PLC		560		40,278
Brenntag SE		322		29,400
Bunzl PLC		677		26,985
Ferguson PLC		296		61,732
Rexel SA		970		24,901
Travis Perkins PLC		697		6,511
				214,273
Transportation Infrastructure – 0.1%
Aena SME SA		131		24,889
Aeroports de Paris SA		132		17,969
Fraport AG Frankfurt Airport Services Worldwide(d)		264		14,693
Getlink SE		1,705		29,110
				86,661
				1,928,575
Consumer Staples – 0.9%
Beverages – 0.2%
Anheuser-Busch InBev SA/NV		336		20,308
Carlsberg AS - Class B		434		60,623
Coca-Cola Europacific Partners PLC		1,012		69,701
Coca-Cola HBC AG - Class DI		1,304		40,650
Diageo PLC		1,525		57,135
Heineken Holding NV		450		34,759
Heineken NV		502		46,380
Pernod Ricard SA		347		57,995
Remy Cointreau SA		337		35,710
				423,261
Consumer Staples Distribution & Retail – 0.1%
Carrefour SA		1,249		20,985
Casino Guichard Perrachon SA(d)		448		220
Colruyt Group NV		915		43,953
Distribuidora Internacional de Alimentacion SA(d)		54,700		757
J Sainsbury PLC		10,711		33,813
Jeronimo Martins SGPS SA		2,095		50,166
Koninklijke Ahold Delhaize NV		1,925		57,330
Marks & Spencer Group PLC		4,897		14,677
METRO AG		963		5,375
Tesco PLC		11,257		39,704
				266,980
Food Products – 0.3%
Aryzta AG(d)		6,292		11,126

6

Company	Shares		U.S. $ Value
Associated British Foods PLC		933	$	26,848
Barry Callebaut AG (REG)		33		46,360
Chocoladefabriken Lindt & Spruengli AG		9		110,138
Chocoladefabriken Lindt & Spruengli AG (REG)		1		120,212
Danone SA		580		37,011
Kerry Group PLC - Class A		503		44,169
Mowi ASA		1,945		37,564
Nestle SA (REG)		608		63,060
Orkla ASA		3,826		27,428
Tate & Lyle PLC		4,015		30,434
				554,350
Household Products – 0.1%
Essity AB - Class B		1,288		30,031
Henkel AG & Co. KGaA		338		22,804
Henkel AG & Co. KGaA (Preference Shares)		356		26,783
ICA Gruppen AB(c) (d)		1,334		0
Reckitt Benckiser Group PLC		499		31,528
				111,146
Personal Care Products – 0.2%
Beiersdorf AG		471		67,514
Haleon PLC		3,649		15,308
L’Oreal SA		228		108,908
Unilever PLC (Amsterdam)		860		42,096
Unilever PLC (London)		811		39,605
				273,431
Tobacco – 0.0%
British American Tobacco PLC		579		17,203
Imperial Brands PLC		987		21,262
				38,465
				1,667,633
Consumer Discretionary – 0.9%
Automobile Components – 0.0%
Cie Generale des Etablissements Michelin SCA		796		29,457
Continental AG		107		8,583
Dowlais Group PLC		2,943		3,384
Forvia SE (Milan)(d)		27		390
Forvia SE (Paris)(d)		35		499
Nokian Renkaat Oyj		578		5,279
Schaeffler AG (Preference Shares)		1,288		9,376
Valeo SE		282		3,255
Vitesco Technologies Group AG - Class A(d)		21		1,694
				61,917
Automobiles – 0.2%
Bayerische Motoren Werke AG		252		29,809
Bayerische Motoren Werke AG (Preference Shares)		288		31,575
Ferrari NV		303		127,885
Mercedes-Benz Group AG		349		27,810
Porsche Automobil Holding SE (Preference Shares)		377		20,154
Renault SA		203		8,476

7

Company	Shares		U.S. $ Value
Stellantis NV (France)		1,735	$	45,366
Stellantis NV (Milan)		1,290		33,746
Volkswagen AG		151		23,765
Volkswagen AG (Preference Shares)		138		18,740
				367,326
Broadline Retail – 0.0%
Cie Financiere Richemont SA (REG)		285		45,366
Next PLC		400		42,055
				87,421
Diversified Consumer Services – 0.0%
Pearson PLC		1,740		21,152
Hotels, Restaurants & Leisure – 0.2%
Accor SA		515		22,371
Amadeus IT Group SA		787		46,558
Carnival PLC(d)		409		5,830
Compass Group PLC		1,758		48,237
Flutter Entertainment PLC - Class DI(d)		226		48,937
InterContinental Hotels Group PLC		470		49,911
Sodexo SA		224		17,855
TUI AG(d)		1,650		11,534
Whitbread PLC		756		31,578
				282,811
Household Durables – 0.1%
Barratt Developments PLC		2,559		15,098
Berkeley Group Holdings PLC		507		29,788
Electrolux AB - Class B(d)		748		6,410
Persimmon PLC		763		13,149
SEB SA		178		21,094
Taylor Wimpey PLC		9,372		16,333
				101,872
Leisure Products – 0.0%
Viaplay Group AB - Class B(d)		65		7
Specialty Retail – 0.1%
Avolta AG (REG)(d)		127		4,967
CECONOMY AG(d)		963		2,083
Currys PLC(d)		4,868		4,072
H & M Hennes & Mauritz AB - Class B		936		12,710
Industria de Diseno Textil SA		757		33,677
Kingfisher PLC		6,282		18,630
Wickes Group PLC		782		1,574
Zalando SE(d)		758		16,042
				93,755
Textiles, Apparel & Luxury Goods – 0.3%
adidas AG		138		27,914
Burberry Group PLC		981		15,928
Christian Dior SE		102		88,301
Hermes International SCA		67		167,657
HUGO BOSS AG		261		17,772
Kering SA		75		34,547
LVMH Moet Hennessy Louis Vuitton SE		90		82,146

8

Company	Shares		U.S. $ Value
Pandora A/S		240	$	38,813
Puma SE		60		2,759
Swatch Group AG (The)		56		13,221
Swatch Group AG (The) (REG)		301		13,751
				502,809
				1,519,070
Materials – 0.8%
Chemicals – 0.5%
Air Liquide SA		491		99,797
Akzo Nobel NV		408		29,739
Arkema SA		294		30,474
BASF SE		444		22,616
Covestro AG(d)		458		24,928
Croda International PLC		632		38,101
DSM BV(b) (c) (d)		642		63,469
EMS-Chemie Holding AG (REG)		47		32,798
Evonik Industries AG		1,232		22,742
FUCHS SE (Preference Shares)		915		38,986
Givaudan SA (REG)		25		104,898
Johnson Matthey PLC		1,127		21,968
K+S AG (REG)		1,009		14,085
LANXESS AG		442		11,172
Novozymes A/S - Class B		1,277		72,033
Sika AG (REG)		360		104,118
Solvay SA		330		8,414
Syensqo SA(d)		330		29,464
Symrise AG		710		72,656
Umicore SA		1,130		23,648
Yara International ASA		866		26,949
				893,055
Construction Materials – 0.1%
CRH PLC (London)		1,075		89,537
Heidelberg Materials AG		356		34,567
Holcim AG		595		48,564
Imerys SA		563		17,821
				190,489
Metals & Mining – 0.1%
Alleima AB		181		1,190
Anglo American PLC		1,415		30,489
Antofagasta PLC		2,036		46,778
ArcelorMittal SA		987		25,746
BHP Group Ltd. - Class DI		1,449		41,590
Boliden AB		977		24,761
Fresnillo PLC		1,276		7,343
Glencore PLC		5,705		27,122
Norsk Hydro ASA		4,362		22,389
Rio Tinto PLC		669		42,917
thyssenkrupp AG		1,007		5,150
voestalpine AG		636		17,375
				292,850
Paper & Forest Products – 0.1%
Mondi PLC		1,717		30,527
Stora Enso Oyj - Class R		2,477		31,318

9

Company	Shares		U.S. $ Value
Svenska Cellulosa AB SCA - Class B		1,288	$	18,236
UPM-Kymmene Oyj		1,348		45,117
				125,198
				1,501,592
Utilities – 0.8%
Electric Utilities – 0.3%
EDP - Energias de Portugal SA		19,584		77,992
Endesa SA		3,408		61,379
Enel SpA		10,639		67,697
Fortum Oyj		4,004		50,042
Iberdrola SA		9,470		108,764
Orsted AS		1,497		83,835
Redeia Corp. SA		3,748		59,632
SSE PLC		3,489		71,707
Terna - Rete Elettrica Nazionale		13,636		106,824
				687,872
Gas Utilities – 0.1%
Enagas SA		3,496		50,493
Naturgy Energy Group SA		2,625		62,150
Snam SpA		22,765		106,346
				218,989
Independent Power and Renewable Electricity Producers – 0.1%
Orron Energy AB(d)		2,787		1,812
RWE AG		2,734		91,582
				93,394
Multi-Utilities – 0.2%
Centrica PLC		23,244		36,983
E.ON SE		6,694		85,478
Engie SA		3,398		54,525
National Grid PLC		4,604		60,243
Veolia Environnement SA		3,120		96,715
				333,944
Water Utilities – 0.1%
Severn Trent PLC		2,353		74,253
United Utilities Group PLC		6,181		80,006
				154,259
				1,488,458
Energy – 0.6%
Energy Equipment & Services – 0.0%
Petrofac Ltd.(d)		6,919		2,306
Saipem SpA(d)		1,728		3,140
Tenaris SA		3,797		67,441
				72,887
Oil, Gas & Consumable Fuels – 0.6%
Aker BP ASA		2,650		64,325
BP PLC		13,599		79,011
Eni SpA		4,936		76,007
Equinor ASA		4,590		113,092

10

Company	Shares		U.S. $ Value
Galp Energia SGPS SA		4,711	$	74,131
Koninklijke Vopak NV		1,705		63,410
Neste Oyj		4,680		128,289
OMV AG		1,553		68,434
Shell PLC		6,226		192,569
Thungela Resources Ltd.		141		761
TotalEnergies SE		1,632		104,022
Woodside Energy Group Ltd.		261		5,136
				969,187
				1,042,074
Information Technology – 0.6%
Communications Equipment – 0.0%
Nokia Oyj		5,115		18,031
Telefonaktiebolaget LM Ericsson - Class B		4,594		24,945
				42,976
Electronic Equipment, Instruments & Components – 0.0%
Hexagon AB - Class B		5,852		68,647
IT Services – 0.1%
Atos SE(d)		247		614
Capgemini SE		360		87,568
				88,182
Semiconductors & Semiconductor Equipment – 0.3%
ASML Holding NV		269		255,281
Infineon Technologies AG		1,599		57,413
NXP Semiconductors NV		516		128,861
STMicroelectronics NV		1,365		61,981
				503,536
Software – 0.2%
Dassault Systemes SE		3,230		151,361
Sage Group PLC (The)		5,404		85,127
SAP SE		466		87,326
				323,814
				1,027,155
Communication Services – 0.5%
Diversified Telecommunication Services – 0.3%
Altice USA, Inc. - Class A(d)		713		2,118
BT Group PLC		7,665		10,118
Deutsche Telekom AG (REG)		2,256		53,623
Elisa Oyj		1,116		50,262
Eutelsat Communications SACA(d)		1,132		4,209
Koninklijke KPN NV		12,242		44,750
Orange SA		2,176		24,943
Proximus SADP		1,770		14,816
Swisscom AG (REG)		114		65,160
Telecom Italia SpA/Milano(d)		31,583		9,495
Telecom Italia SpA/Milano (Savings Shares)(d)		39,625		12,342
Telefonica Deutschland Holding AG		7,772		19,750
Telefonica SA		3,993		16,382
Telenet Group Holding NV(b) (c)		522		11,848

11

Company	Shares		U.S. $ Value
Telenor ASA		2,325	$	25,436
Telia Co. AB		12,753		30,354
TELUS Corp.(d)		1,101		19,202
United Internet AG (REG)		623		15,083
				429,891
Entertainment – 0.0%
Bollore SE		3,319		22,761
Modern Times Group MTG AB - Class B(d)		90		649
Universal Music Group NV		1,098		33,149
				56,559
Interactive Media & Services – 0.0%
Adevinta ASA(d)		2,027		21,642
Auto Trader Group PLC		4,579		42,877
				64,519
Media – 0.1%
ITV PLC		7,799		5,518
JCDecaux SE(d)		889		18,363
Lagardere SA		819		18,166
ProSiebenSat.1 Media SE		638		4,186
Publicis Groupe SA		351		37,138
RTL Group SA		319		11,778
Schibsted ASA - Class A		973		29,092
Schibsted ASA - Class B		1,054		29,294
SES SA		1,380		8,937
Vivendi SE		1,098		12,270
WPP PLC		1,472		13,169
				187,911
Wireless Telecommunication Services – 0.1%
Millicom International Cellular SA (SDR)(d)		591		11,028
Tele2 AB - Class B		4,849		40,670
Vodafone Group PLC		17,886		15,711
				67,409
				806,289
Real Estate – 0.2%
Diversified REITs – 0.1%
British Land Co. PLC (The)		5,156		22,687
Covivio SA/France		424		19,038
ICADE		547		16,343
Land Securities Group PLC		3,092		24,224
				82,292
Industrial REITs – 0.0%
Segro PLC		5,086		54,397
Office REITs – 0.0%
Gecina SA		296		28,591
Real Estate Management & Development – 0.1%
Deutsche Wohnen SE		1,099		22,687
Swiss Prime Site AG (REG)		732		69,958
Unibail-Rodamco-Westfield(d)		156		11,407

12

Company	Shares			U.S. $ Value
Vonovia SE			1,666	$	46,497
					150,549
Retail REITs – 0.0%
Hammerson PLC			28,225		9,085
Klepierre SA			1,062		26,979
					36,064
					351,893
Total Common Stocks (cost $12,813,143)					16,399,701
	Principal Amount (000)
GOVERNMENTS - SOVEREIGN BONDS – 0.7%
Mexico – 0.7%
Mexico Government International Bond 4.125%, 01/21/2026 (cost $1,173,157)		U.S.$	1,174		1,148,465
	Notional Amount
PURCHASED OPTIONS - PUTS – 0.0%
Options on Equities Indices – 0.0%
S&P 500 Index Expiration: Mar 2024; Contracts: 31; Exercise Price: USD 4,625.00; Counterparty: Morgan Stanley & Co., Inc.(m) (premium paid $155,373)		USD	14,337,500		5,658
	Shares
WARRANTS – 0.0%
Information Technology – 0.0%
Software – 0.0%
Constellation Software, Inc., expiring 03/31/2040(c) (d) (cost $0)			53		0
SHORT-TERM INVESTMENTS – 4.0%
Investment Companies – 4.0%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(a) (g) (h) (cost $7,211,910)			7,211,910		7,211,910
Total Investments Before Security Lending Collateral for Securities Loaned – 93.1% (cost $164,670,625)					166,609,246

13

Company	Shares		U.S. $ Value
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.1%
Investment Companies – 0.1%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(a) (g) (h) (cost $91,398)		91,398	$	91,398
Total Investments – 93.2% (cost $164,762,023)(i)				166,700,644
Other assets less liabilities – 6.8%				12,183,544
Net Assets – 100.0%			$	178,884,188

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
5 Yr Canadian Bond Futures		93		June 2024		$	7,623,513		$	11,035
10 Yr Canadian Bond Futures		89		June 2024			7,860,907			20,186
Brent Crude Futures		19		March 2024			1,556,290			72,244
Coffee Robusta Futures		5		May 2024			154,750			(1,983	)
Coffee ‘C’ Futures		7		May 2024			483,919			44,761
Copper Futures		12		May 2024			1,154,100			22,169
Corn Futures		40		May 2024			859,000			(117,744	)
Cotton No.2 Futures		8		May 2024			398,280			65,599
E-Mini Russell 1000 Futures		62		March 2024			5,230,320			349,552
E-Mini Russell 2000 Futures		4		March 2024			411,460			31,869
Euro-Bund Futures		42		March 2024			6,021,458			(67,682	)
Euro-OAT Futures		17		March 2024			2,346,124			(24,427	)
FTSE 100 Index Futures		18		March 2024			1,732,847			6,368
Gasoline RBOB Futures		4		April 2024			431,945			3,426
Gold 100 OZ Futures		19		April 2024			3,903,930			8,881
Hang Seng Index Futures		8		March 2024			840,513			(14,857	)
KC HRW Wheat Futures		9		May 2024			264,263			(33,027	)
Lean Hogs Futures		12		April 2024			415,800			18,608
Live Cattle Futures		8		April 2024			593,120			9,270
LME Lead Futures		5		March 2024			259,000			4,017
LME Nickel Futures		5		March 2024			531,585			50,281
LME Primary Aluminum Futures		28		March 2024			1,538,054			(52,775	)
LME Zinc Futures		12		March 2024			717,975			(43,009	)
Long Gilt Futures		152		June 2024			18,820,482			59,311
Low SU Gasoil Futures		7		May 2024			553,000			1,524
MSCI Emerging Markets Futures		139		March 2024			7,066,760			228,418
MSCI Singapore IX ETS Futures		29		March 2024			606,704			(8,882	)
NASDAQ 100 E-Mini Futures		6		March 2024			2,169,930			220,405
Natural Gas Futures		39		April 2024			783,120			85,824
NY Harbor ULSD Futures		3		April 2024			327,020			(11,451	)
OMXS 30 Index Futures		3		March 2024			71,105			2,720
S&P 500 E-Mini Futures		106		March 2024			27,049,875			1,813,912
S&P Mid 400 E-Mini Futures		1		March 2024			289,260			22,288
S&P/TSX 60 Index Futures		11		March 2024			2,092,120			23,586
Silver Futures		8		May 2024			915,400			(12,421	)
Soybean Futures		17		May 2024			969,637			(171,252	)
Soybean Meal Futures		19		May 2024			625,480			(109,591	)
Soybean Oil Futures		19		May 2024			515,394			(48,394	)
SPI 200 Futures		15		March 2024			1,867,124			67,005
Sugar 11 (World) Futures		24		April 2024			583,027			(123,782	)
TOPIX Index Futures		33		March 2024			5,901,347			711,115
U.S. T-Note 5 Yr (CBT) Futures		161		June 2024			17,211,906			38,810

14

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
U.S. T-Note 10 Yr (CBT) Futures		357		June 2024		$	39,426,187		$	5,068
Wheat (CBT) Futures		16		May 2024			461,000			(24,169	)
WTI Crude Futures		21		April 2024			1,626,450			11,286
Sold Contracts
10 Yr Japan Bond (OSE) Futures		9		March 2024			8,780,283			(9,711	)
Bloomberg Commodity Index		189		March 2024			1,827,630			(1,599	)
Euro STOXX 50 Index Futures		49		March 2024			2,591,822			(88,384	)
LME Lead Futures		2		March 2024			103,600			801
LME Nickel Futures		2		March 2024			212,634			(18,385	)
LME Primary Aluminum Futures		13		March 2024			714,097			2,977
LME Zinc Futures		6		March 2024			358,987			18,117
S&P/TSX 60 Index Futures		5		March 2024			950,963			(43,321	)
TOPIX Index Futures		3		March 2024			536,486			(60,547	)
									$	2,944,040

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America, NA		BRL	2,551		USD	518		03/04/2024		$	4,436
Bank of America, NA		BRL	29,831		USD	5,992		03/04/2024			(9,271	)
Bank of America, NA		USD	6,502		BRL	32,382		03/04/2024			11,976
Bank of America, NA		NZD	3,089		USD	1,917		03/07/2024			36,191
Bank of America, NA		USD	842		NZD	1,373		03/07/2024			(6,175	)
Bank of America, NA		JPY	581,689		USD	4,033		03/08/2024			150,608
Bank of America, NA		INR	117,297		USD	1,409		03/14/2024			(5,227	)
Bank of America, NA		USD	2,346		EUR	2,175		03/14/2024			5,193
Bank of America, NA		USD	754		EUR	693		03/14/2024			(4,715	)
Bank of America, NA		USD	1,734		INR	144,908		03/14/2024			13,478
Bank of America, NA		CAD	10,015		USD	7,476		03/15/2024			95,424
Bank of America, NA		CLP	274,101		USD	278		03/15/2024			(5,493	)
Bank of America, NA		COP	6,493,568		USD	1,637		03/15/2024			(14,185	)
Bank of America, NA		PEN	4,779		USD	1,285		03/15/2024			22,025
Bank of America, NA		USD	6,011		CAD	8,060		03/15/2024			(70,206	)
Bank of America, NA		BRL	11,862		USD	2,377		04/02/2024			(2,354	)
Bank of America, NA		USD	2,041		BRL	10,189		04/02/2024			2,022
Bank of America, NA		KRW	1,148,555		USD	875		04/18/2024			12,588
Bank of America, NA		USD	932		AUD	1,422		04/18/2024			(6,908	)
Bank of America, NA		USD	2,740		KRW	3,601,571		04/18/2024			(36,146	)
Bank of America, NA		GBP	855		USD	1,090		04/19/2024			10,618
Bank of America, NA		USD	645		ZAR	12,522		04/19/2024			5,499
Bank of America, NA		PHP	10,921		USD	195		04/25/2024			683
Bank of America, NA		USD	1,441		IDR	22,741,468		04/25/2024			4,219
Bank of America, NA		USD	1,095		PHP	61,591		04/25/2024			1,045
Bank of America, NA		USD	1,052		PHP	59,044		04/25/2024			(1,510	)
Bank of America, NA		NOK	60,791		USD	5,750		04/30/2024			19,083
Bank of America, NA		USD	8,094		NOK	85,461		04/30/2024			(36,893	)
Bank of America, NA		CHF	3,822		USD	4,374		05/08/2024			21,950
Bank of America, NA		TWD	4,187		USD	135		05/24/2024			1,938
Bank of America, NA		USD	855		TWD	26,757		05/24/2024			(5,156	)
Bank of New York Mellon Corp. (The)		CAD	1,802		USD	1,349		03/15/2024			20,352
Barclays Bank PLC		BRL	1,569		USD	315		03/04/2024			(773	)
Barclays Bank PLC		USD	315		BRL	1,569		03/04/2024			300
Barclays Bank PLC		CNH	42,991		USD	6,020		03/07/2024			53,296
Barclays Bank PLC		USD	810		NZD	1,334		03/07/2024			2,114
Barclays Bank PLC		USD	576		NZD	940		03/07/2024			(3,249	)
Barclays Bank PLC		JPY	89,229		USD	595		03/08/2024			(390	)
Barclays Bank PLC		USD	637		JPY	95,654		03/08/2024			1,179
Barclays Bank PLC		USD	1,507		JPY	218,216		03/08/2024			(50,508	)
Barclays Bank PLC		MYR	21,071		USD	4,546		03/11/2024			109,002

15

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Barclays Bank PLC		MYR	13,678		USD	2,860		03/11/2024		$	(20,009	)
Barclays Bank PLC		USD	2,631		MYR	12,532		03/11/2024			7,954
Barclays Bank PLC		USD	4,033		MYR	19,018		03/11/2024			(28,630	)
Barclays Bank PLC		EUR	4,652		USD	5,014		03/14/2024			(15,710	)
Barclays Bank PLC		INR	269,716		USD	3,226		03/14/2024			(26,046	)
Barclays Bank PLC		USD	2,899		EUR	2,645		03/14/2024			(38,664	)
Barclays Bank PLC		USD	2,563		INR	213,674		03/14/2024			13,191
Barclays Bank PLC		CLP	101,576		USD	110		03/15/2024			5,016
Barclays Bank PLC		MXN	36,565		USD	2,113		03/15/2024			(28,086	)
Barclays Bank PLC		PEN	1,472		USD	396		03/15/2024			7,287
Barclays Bank PLC		PEN	847		USD	219		03/15/2024			(5,340	)
Barclays Bank PLC		USD	4,031		CAD	5,424		03/15/2024			(33,657	)
Barclays Bank PLC		USD	369		CLP	340,185		03/15/2024			(16,911	)
Barclays Bank PLC		USD	564		COP	2,223,893		03/15/2024			1,812
Barclays Bank PLC		USD	4,470		MXN	77,330		03/15/2024			59,398
Barclays Bank PLC		USD	149		PEN	565		03/15/2024			548
Barclays Bank PLC		KRW	562,147		USD	425		04/18/2024			2,498
Barclays Bank PLC		KRW	123,746		USD	93		04/18/2024			(81	)
Barclays Bank PLC		USD	524		KRW	695,052		04/18/2024			(2,269	)
Barclays Bank PLC		CZK	50,747		USD	2,160		04/19/2024			(3,121	)
Barclays Bank PLC		GBP	1,062		USD	1,351		04/19/2024			10,160
Barclays Bank PLC		GBP	880		USD	1,109		04/19/2024			(2,458	)
Barclays Bank PLC		PHP	72,707		USD	1,288		04/25/2024			(6,059	)
Barclays Bank PLC		USD	713		IDR	11,247,530		04/25/2024			1,797
Barclays Bank PLC		USD	5,660		IDR	88,525,954		04/25/2024			(32,943	)
Barclays Bank PLC		USD	1,768		PHP	98,918		04/25/2024			(7,447	)
Barclays Bank PLC		USD	1,765		TWD	54,775		05/24/2024			(24,762	)
Barclays Bank PLC		MYR	5,056		USD	1,066		08/21/2024			(7,559	)
Barclays Bank PLC		USD	2,471		MYR	11,721		08/21/2024			17,522
BNP Paribas SA		EUR	506		USD	548		03/14/2024			1,089
BNP Paribas SA		USD	1,329		INR	110,595		03/14/2024			4,578
BNP Paribas SA		GBP	1,542		USD	1,953		04/19/2024			6,107
Brown Brothers Harriman & Co.		THB	4,930		USD	139		03/07/2024			1,337
Citibank, NA		USD	2,155		NZD	3,444		03/07/2024			(57,958	)
Citibank, NA		USD	4,336		EUR	4,045		03/14/2024			37,722
Citibank, NA		USD	1,092		AUD	1,671		04/18/2024			(4,285	)
Citibank, NA		CHF	602		EUR	634		05/08/2024			1,519
Deutsche Bank AG		USD	1,423		CNH	10,188		03/07/2024			(9,206	)
Deutsche Bank AG		USD	7,107		NZD	11,629		03/07/2024			(26,779	)
Deutsche Bank AG		JPY	197,009		USD	1,351		03/08/2024			35,985
Deutsche Bank AG		EUR	4,393		USD	4,711		03/14/2024			(37,678	)
Deutsche Bank AG		INR	247,343		USD	2,971		03/14/2024			(11,239	)
Deutsche Bank AG		USD	2,274		INR	188,973		03/14/2024			4,544
Deutsche Bank AG		CAD	1,995		USD	1,475		03/15/2024			4,848
Deutsche Bank AG		CLP	619,700		USD	647		03/15/2024			5,422
Deutsche Bank AG		CLP	153,442		USD	159		03/15/2024			(176	)
Deutsche Bank AG		COP	2,870,834		USD	733		03/15/2024			2,452
Deutsche Bank AG		MXN	10,856		USD	630		03/15/2024			(5,631	)
Deutsche Bank AG		USD	972		COP	3,890,073		03/15/2024			17,094
Deutsche Bank AG		AUD	4,910		USD	3,206		04/18/2024			10,035
Deutsche Bank AG		IDR	45,038,166		USD	2,890		04/25/2024			26,814
Deutsche Bank AG		IDR	23,232,456		USD	1,474		04/25/2024			(3,189	)
Deutsche Bank AG		USD	2,018		PHP	113,730		04/25/2024			5,903
Deutsche Bank AG		NOK	7,791		SEK	7,593		04/30/2024			(348	)
Deutsche Bank AG		SEK	43,366		USD	4,121		04/30/2024			(71,622	)
Deutsche Bank AG		USD	1,043		SEK	10,978		04/30/2024			18,131
Goldman Sachs Bank USA		BRL	3,100		USD	628		03/04/2024			3,916
Goldman Sachs Bank USA		BRL	10,189		USD	2,045		03/04/2024			(5,018	)
Goldman Sachs Bank USA		USD	622		BRL	3,100		03/04/2024			1,527
Goldman Sachs Bank USA		USD	2,068		BRL	10,189		03/04/2024			(18,094	)
Goldman Sachs Bank USA		CNH	6,832		USD	957		03/07/2024			8,865
Goldman Sachs Bank USA		USD	2,160		NZD	3,463		03/07/2024			(51,490	)
Goldman Sachs Bank USA		JPY	352,986		USD	2,446		03/08/2024			90,470
Goldman Sachs Bank USA		USD	4,726		JPY	685,003		03/08/2024			(153,980	)
Goldman Sachs Bank USA		EUR	2,508		USD	2,757		03/14/2024			45,645
Goldman Sachs Bank USA		USD	5,151		EUR	4,687		03/14/2024			(83,129	)
Goldman Sachs Bank USA		USD	316		INR	26,264		03/14/2024			586
Goldman Sachs Bank USA		CLP	135,860		USD	143		03/15/2024			2,323

16

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Goldman Sachs Bank USA		MXN	11,081		USD	638		03/15/2024		$	(11,082	)
Goldman Sachs Bank USA		USD	377		COP	1,503,797		03/15/2024			5,361
Goldman Sachs Bank USA		USD	246		PEN	919		03/15/2024			(2,673	)
Goldman Sachs Bank USA		KRW	155,219		USD	117		04/18/2024			419
Goldman Sachs Bank USA		EUR	475		PLN	2,057		04/19/2024			326
Goldman Sachs Bank USA		USD	1,083		GBP	861		04/19/2024			4,552
Goldman Sachs Bank USA		IDR	5,776,321		USD	369		04/25/2024			2,041
Goldman Sachs Bank USA		PHP	25,866		USD	462		04/25/2024			1,444
Goldman Sachs Bank USA		USD	1,091		IDR	17,076,328		04/25/2024			(5,267	)
Goldman Sachs Bank USA		USD	3,171		SEK	33,020		04/30/2024			21,417
HSBC Bank USA		AUD	1,679		USD	1,106		04/18/2024			12,963
HSBC Bank USA		USD	1,616		AUD	2,456		04/18/2024			(17,463	)
HSBC Bank USA		USD	861		KRW	1,139,120		04/18/2024			(5,815	)
HSBC Bank USA		JPY	340,500		USD	2,295		05/22/2024			(3,791	)
JPMorgan Chase Bank, NA		NZD	2,496		USD	1,514		03/07/2024			(5,448	)
JPMorgan Chase Bank, NA		USD	1,429		JPY	211,464		03/08/2024			(18,075	)
JPMorgan Chase Bank, NA		EUR	992		USD	1,076		03/14/2024			3,430
JPMorgan Chase Bank, NA		EUR	1,766		USD	1,898		03/14/2024			(11,179	)
JPMorgan Chase Bank, NA		INR	48,011		USD	577		03/14/2024			(1,474	)
JPMorgan Chase Bank, NA		USD	999		EUR	923		03/14/2024			(1,512	)
JPMorgan Chase Bank, NA		USD	2,536		INR	211,558		03/14/2024			14,378
JPMorgan Chase Bank, NA		CAD	4,186		USD	3,103		03/15/2024			17,764
JPMorgan Chase Bank, NA		USD	372		COP	1,476,799		03/15/2024			3,520
JPMorgan Chase Bank, NA		USD	2,546		AUD	3,868		04/18/2024			(28,285	)
JPMorgan Chase Bank, NA		USD	230		KRW	302,381		04/18/2024			(3,453	)
JPMorgan Chase Bank, NA		USD	4,695		GBP	3,736		04/19/2024			21,807
JPMorgan Chase Bank, NA		USD	542		GBP	427		04/19/2024			(2,413	)
JPMorgan Chase Bank, NA		USD	731		PLN	2,913		04/19/2024			(1,546	)
JPMorgan Chase Bank, NA		ZAR	19,664		USD	1,025		04/19/2024			3,737
JPMorgan Chase Bank, NA		USD	320		PHP	17,922		04/25/2024			(920	)
JPMorgan Chase Bank, NA		SEK	39,697		USD	3,801		04/30/2024			(37,407	)
JPMorgan Chase Bank, NA		USD	806		SEK	8,328		04/30/2024			(661	)
Morgan Stanley Capital Services, Inc.		CNH	17,275		USD	2,403		03/07/2024			5,345
Morgan Stanley Capital Services, Inc.		NZD	14,430		USD	8,912		03/07/2024			126,344
Morgan Stanley Capital Services, Inc.		USD	1,283		NZD	2,076		03/07/2024			(19,373	)
Morgan Stanley Capital Services, Inc.		USD	1,471		JPY	214,090		03/08/2024			(41,934	)
Morgan Stanley Capital Services, Inc.		USD	476		MYR	2,273		03/11/2024			3,104
Morgan Stanley Capital Services, Inc.		USD	197		MYR	926		03/11/2024			(1,698	)
Morgan Stanley Capital Services, Inc.		EUR	1,323		USD	1,441		03/14/2024			11,294
Morgan Stanley Capital Services, Inc.		INR	262,139		USD	3,148		03/14/2024			(12,129	)
Morgan Stanley Capital Services, Inc.		USD	519		EUR	484		03/14/2024			4,043
Morgan Stanley Capital Services, Inc.		USD	1,326		INR	110,464		03/14/2024			5,783
Morgan Stanley Capital Services, Inc.		CLP	3,972,764		USD	4,314		03/15/2024			204,032
Morgan Stanley Capital Services, Inc.		PEN	5,581		USD	1,502		03/15/2024			26,791
Morgan Stanley Capital Services, Inc.		USD	2,248		CAD	3,027		03/15/2024			(17,359	)
Morgan Stanley Capital Services, Inc.		USD	2,772		CLP	2,545,335		03/15/2024			(139,179	)
Morgan Stanley Capital Services, Inc.		USD	131		PEN	505		03/15/2024			2,508
Morgan Stanley Capital Services, Inc.		USD	640		PEN	2,378		03/15/2024			(11,417	)
Morgan Stanley Capital Services, Inc.		KRW	945,327		USD	709		04/18/2024			(880	)
Morgan Stanley Capital Services, Inc.		GBP	1,679		USD	2,128		04/19/2024			7,826

17

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Morgan Stanley Capital Services, Inc.		USD	1,888		GBP	1,490		04/19/2024		$	(6,943	)
Morgan Stanley Capital Services, Inc.		IDR	2,301,406		USD	146		04/25/2024			147
Morgan Stanley Capital Services, Inc.		IDR	14,480,795		USD	918		04/25/2024			(2,890	)
Morgan Stanley Capital Services, Inc.		PHP	105,480		USD	1,878		04/25/2024			190
Morgan Stanley Capital Services, Inc.		USD	239		IDR	3,746,726		04/25/2024			(1,001	)
Morgan Stanley Capital Services, Inc.		USD	735		CHF	642		05/08/2024			(4,425	)
Morgan Stanley Capital Services, Inc.		JPY	4,466,476		USD	30,108		05/22/2024			(51,182	)
NatWest Markets PLC		USD	1,790		JPY	267,294		03/08/2024			(6,319	)
NatWest Markets PLC		EUR	5,258		USD	5,784		03/14/2024			99,307
NatWest Markets PLC		CAD	1,037		USD	766		03/15/2024			1,405
NatWest Markets PLC		CHF	3,857		USD	4,392		05/08/2024			503
NatWest Markets PLC		USD	5,475		CHF	4,807		05/08/2024			(627	)
State Street Bank & Trust Co.		CNH	9,311		USD	1,297		03/07/2024			5,069
State Street Bank & Trust Co.		CNH	747		USD	104		03/07/2024			(104	)
State Street Bank & Trust Co.		NZD	1,090		USD	679		03/07/2024			15,304
State Street Bank & Trust Co.		THB	61,743		USD	1,755		03/07/2024			33,165
State Street Bank & Trust Co.		THB	45,693		USD	1,267		03/07/2024			(7,102	)
State Street Bank & Trust Co.		USD	119		CNH	858		03/07/2024			243
State Street Bank & Trust Co.		USD	3,169		CNH	22,689		03/07/2024			(20,121	)
State Street Bank & Trust Co.		USD	155		NZD	256		03/07/2024			840
State Street Bank & Trust Co.		USD	231		NZD	376		03/07/2024			(2,154	)
State Street Bank & Trust Co.		USD	2,645		THB	92,013		03/07/2024			(79,202	)
State Street Bank & Trust Co.		JPY	43,224		USD	293		03/08/2024			4,639
State Street Bank & Trust Co.		JPY	165,534		USD	1,102		03/08/2024			(3,255	)
State Street Bank & Trust Co.		USD	732		JPY	109,929		03/08/2024			2,010
State Street Bank & Trust Co.		USD	1,328		JPY	195,367		03/08/2024			(24,509	)
State Street Bank & Trust Co.		EUR	945		USD	1,027		03/14/2024			5,213
State Street Bank & Trust Co.		USD	376		EUR	347		03/14/2024			(1,548	)
State Street Bank & Trust Co.		CAD	819		USD	610		03/15/2024			6,192
State Street Bank & Trust Co.		MXN	4,462		USD	257		03/15/2024			(4,090	)
State Street Bank & Trust Co.		SGD	982		USD	732		03/15/2024			1,737
State Street Bank & Trust Co.		USD	1,019		CAD	1,373		03/15/2024			(7,082	)
State Street Bank & Trust Co.		USD	903		MXN	15,513		03/15/2024			5,853
State Street Bank & Trust Co.		AUD	862		USD	566		04/18/2024			5,282
State Street Bank & Trust Co.		USD	759		AUD	1,157		04/18/2024			(6,449	)
State Street Bank & Trust Co.		CZK	7,693		USD	328		04/19/2024			330
State Street Bank & Trust Co.		GBP	219		USD	277		04/19/2024			326

18

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
State Street Bank & Trust Co.		HUF	353,393		USD	980		04/19/2024		$	10,528
State Street Bank & Trust Co.		PLN	2,913		USD	729		04/19/2024			11
State Street Bank & Trust Co.		USD	1,284		GBP	1,010		04/19/2024			(8,921	)
State Street Bank & Trust Co.		USD	175		PLN	697		04/19/2024			(217	)
State Street Bank & Trust Co.		USD	768		ZAR	14,738		04/19/2024			(2,472	)
State Street Bank & Trust Co.		ZAR	3,036		USD	159		04/19/2024			1,041
State Street Bank & Trust Co.		NOK	7,881		USD	750		04/30/2024			7,446
State Street Bank & Trust Co.		SEK	6,904		USD	655		04/30/2024			(12,269	)
State Street Bank & Trust Co.		USD	341		NOK	3,563		04/30/2024			(5,434	)
State Street Bank & Trust Co.		USD	116		SEK	1,224		04/30/2024			2,033
State Street Bank & Trust Co.		CHF	777		USD	884		05/08/2024			(454	)
State Street Bank & Trust Co.		USD	1,022		CHF	894		05/08/2024			(4,162	)
UBS AG		CHF	1,663		USD	1,892		05/08/2024			(2,050	)
UBS AG		TWD	34,980		USD	1,112		05/24/2024			1,029
										$	23,238

PUT WRITTEN OPTIONS

Description

Counterparty

Contracts

Exercise Price

Expiration Month

Notional (000)

Premiums Received

U.S. $ Value

S&P 500 Index(j)

Morgan Stanley & Co., Inc.

31

USD

4,450.00

March 2024

USD

13,795

$

77,437

$ (4,030

)

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)
AUD	15,000	07/09/2025	6 Month BBSW	3.168%	Semi-Annual	$	(158,053	)	$	249,107		$	(407,160	)
AUD	4,740	02/23/2027	6 Month BBSW	3.040%	Semi-Annual		(91,216	)		127,421			(218,637	)
NZD	20,260	02/24/2027	3 Month BKBM	3.508%	Quarterly/ Semi-Annual		(416,127	)		359,802			(775,929	)
AUD	9,490	02/27/2027	6 Month BBSW	2.975%	Semi-Annual		(192,811	)		242,382			(435,193	)
NZD	7,750	02/28/2027	3 Month BKBM	3.445%	Quarterly/ Semi-Annual		(165,924	)		128,155			(294,079	)
USD	30,190	05/13/2027	1 Day SOFR	2.682%	Annual		(2,002,575	)		—			(2,002,575	)
GBP	3,170	10/26/2028	1 Day SONIA	4.627%	Annual		83,497			—			83,497
AUD	3,130	11/13/2030	6 Month BBSW	0.872%	Semi-Annual		(424,155	)		(168,195	)		(255,960	)
USD	4,800	05/13/2032	1.603%	1 Day SOFR	Annual		906,190			385,341			520,849
NZD	5,540	10/03/2033	3 Month BKBM	5.128%	Quarterly/ Semi-Annual		188,820			—			188,820
						$	(2,272,354)		$	1,324,013		$	(3,596,367)

19

CENTRALLY CLEARED CREDIT DEFAULT SWAPS

Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at February 29, 2024			Notional Amount (000)			Market Value		Upfront Premiums Paid (Received)		Unrealized Appreciation (Depreciation)
Sale Contracts
CDX-NAHY Series 37, 5 Year Index, 12/20/2026*		5.00	%		Quarterly		2.15	%		USD	10,583	$	872,042	$	357,071	$	514,971
CDX-NAHY Series 41, 5 Year Index, 12/20/2028*		5.00			Quarterly		3.38			USD	8,593		631,525		68,052		563,473
												$	1,503,567	$	425,123	$	1,078,444

* Termination date

(a) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(b) Fair valued by the Adviser.

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

(d) Non-income producing security.

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

(f) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. This security is considered restricted, but liquid and may be resold in transactions exempt from registration. At February 29, 2024, the market value of this security amounted to $3,412 or 0.0% of net assets.

(g) Affiliated investments.

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

(i) As of February 29, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $14,539,711 and gross unrealized depreciation of investments was $(12,078,328), resulting in net unrealized appreciation of $2,461,383.

(j) One contract relates to 100 shares.

Currency Abbreviation:

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CLP – Chilean Peso

CNH – Chinese Yuan Renminbi (Offshore)

COP – Colombian Peso

CZK – Czech Koruna

EUR – Euro

GBP – Great British Pound

HUF – Hungarian Forint

IDR – Indonesian Rupiah

INR – Indian Rupee

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

PEN – Peruvian Sol

PHP – Philippine Peso

PLN – Polish Zloty

20

SEK – Swedish Krona

SGD – Singapore Dollar

THB – Thailand Baht

TWD – New Taiwan Dollar

USD – United States Dollar

ZAR – South African Rand

Glossary:

ADR – American Depositary Receipt

BBSW – Bank Bill Swap Reference Rate (Australia)

BKBM – Bank Bill Benchmark (New Zealand)

CBT – Chicago Board of Trade

CDX-NAHY – North American High Yield Credit Default Swap Index

ETF – Exchange Traded Fund

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

KC HRW – Kansas City Hard Red Winter

LME – London Metal Exchange

MSCI – Morgan Stanley Capital International

NASDAQ – National Association of Securities Dealers Automated Quotations

OAT – Obligations Assimilables du Trésor

OMXS – Stockholm Stock Exchange

OSE – Osaka Securities Exchange

RBOB – Reformulated Gasoline Blend-Stock for Oxygen Blending (Unleaded Gas)

REG – Registered Shares

REIT – Real Estate Investment Trust

SDR – Swedish Depositary Receipt

SOFR – Secured Overnight Financing Rate

SONIA – Sterling Overnight Index Average

SPI – Share Price Index

TIPS – Treasury Inflation Protected Security

TOPIX – Tokyo Price Index

TSX – Toronto Stock Exchange

ULSD – Ultra-Low Sulfur Diesel

WTI – West Texas Intermediate

COUNTRY BREAKDOWN¹

February 29, 2024 (unaudited)

66.3	%	United States
19.3	%	Japan
1.8	%	United Kingdom
1.4	%	France
1.1	%	Switzerland
1.1	%	Germany
0.7	%	Mexico
0.6	%	Denmark
0.6	%	Netherlands
0.6	%	Sweden
0.5	%	Italy
0.4	%	Spain
0.3	%	Finland
1.0	%	Other
4.3	%	Short-Term Investments
100.0	%	Total Investments

¹  The Fund’s country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 0.3% or less in the following: Australia, Austria, Belgium, Brazil, Canada, Chile, Colombia, Hong Kong, Ireland, Jordan, Luxembourg, Norway, Portugal, South Africa and United Arab Emirates.

21

AB Global Risk Allocation Fund, Inc.

February 29, 2024 (unaudited)

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

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

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

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

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

22

Options are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management’s proprietary models. Where models are used, the selection of a particular model to value an option depends upon the contractual terms of, and specific risks inherent in, the option as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options generally will be classified as Level 2. For options that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

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

Investments in Securities:	Level 1		Level 2		Level 3			Total
Assets:
Inflation-Linked Securities	$	—	$	85,212,409	$	—		$	85,212,409
Governments - Treasuries		—		32,072,425		—			32,072,425
Investment Companies		24,558,678		—		0	(a)		24,558,678
Common Stocks:
Financials		12,692		2,994,160		51,775			3,058,627
Health Care		17,275		1,991,060		—			2,008,335
Industrials		42,982		1,873,318		12,275			1,928,575
Consumer Staples		31,411		1,636,222		0	(a)		1,667,633
Consumer Discretionary		—		1,519,070		—			1,519,070
Materials		59,991		1,378,132		63,469			1,501,592
Utilities		—		1,488,458		—			1,488,458
Energy		761		1,041,313		—			1,042,074
Information Technology		128,861		898,294		—			1,027,155
Communication Services		113,882		680,559		11,848			806,289
Real Estate		—		351,893		—			351,893
Governments - Sovereign Bonds		—		1,148,465		—			1,148,465
Purchased Options - Puts		—		5,658		—			5,658
Warrants		—		—		0	(a)		—
Short-Term Investments		7,211,910		—		—			7,211,910
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		91,398		—		—			91,398
Total Investments in Securities		32,269,841		134,291,436		139,367	(a)		166,700,644
Other Financial Instruments(b):
Assets:
Futures		4,031,433		—		—			4,031,433
Forward Currency Exchange Contracts		—		1,789,386		—			1,789,386
Centrally Cleared Interest Rate Swaps		—		1,178,507		—			1,178,507

23

Investments in Securities:	Level 1			Level 2			Level 3			Total
Centrally Cleared Credit Default Swaps	$	—		$	1,503,567		$	—		$	1,503,567
Liabilities:
Futures		(1,087,393	)		—			—			(1,087,393	)
Forward Currency Exchange Contracts		—			(1,766,148	)		—			(1,766,148	)
Put Written Options		—			(4,030	)		—			(4,030	)
Centrally Cleared Interest Rate Swaps		—			(3,450,861	)		—			(3,450,861	)
Total	$	35,213,881		$	133,541,857		$	139,367	(a)	$	168,895,105

^(a) The Fund held securities with zero market value at period end.

^(b) 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.

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

Fund	Market Value 11/30/2023 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 02/29/2024 (000)		Dividend Income (000)
Government Money Market Portfolio	$	15,016	$	14,536	$	22,340	$	7,212	$	161
Government Money Market Portfolio*		72		3,390		3,371		91		2
Total	$	15,088	$	17,926	$	25,711	$	7,303	$	163

* Investments of cash collateral for securities lending transactions.

24