Ab Municipal Income Fund NPORT-P/A AB California Portfolio (Aug 2022 report)

AB Municipal Income Fund, Inc.

AB California Portfolio

Portfolio of Investments

August 31, 2022 (unaudited)

	Principal Amount (000)		U.S. $ Value
MUNICIPAL OBLIGATIONS – 95.8%
Long-Term Municipal Bonds – 91.0%
California – 86.1%
Alameda Corridor Transportation Authority Series 2022-A 0.00%, 10/01/2047	$	17,955	$	9,079,833
Anaheim Housing & Public Improvements Authority (City of Anaheim CA Electric System Revenue) Series 2020 2.792%, 10/01/2032		5,000		4,309,227
Series 2020-A 5.00%, 10/01/2045		1,500		1,574,128
Series 2020-C 5.00%, 10/01/2045		1,000		1,049,419
Bay Area Toll Authority Series 2013-S 5.00%, 04/01/2031 (Pre-refunded/ETM)		8,500		8,633,605
5.00%, 04/01/2033 (Pre-refunded/ETM)		4,200		4,266,016
Series 2021 1.95% (MUNIPSA + 0.28%), 04/01/2056(a)		2,500		2,487,048
1.97% (MUNIPSA + 0.30%), 04/01/2056(a)		2,000		1,938,596
2.08% (MUNIPSA + 0.41%), 04/01/2056(a)		10,000		9,680,945
California Community Choice Financing Authority (Morgan Stanley) Series 2021-B 4.00%, 02/01/2052		6,345		6,400,215
Series 2022-A 4.00%, 05/01/2053		3,675		3,738,603
California Community College Financing Authority (NCCD-Orange Coast Properties LLC) Series 2018 5.25%, 05/01/2043		2,600		2,627,702
5.25%, 05/01/2048		2,750		2,764,500
California Community Housing Agency (California Community Housing Agency Aster Apartments) Series 2021-A 4.00%, 02/01/2043(b)		2,350		1,938,343
4.00%, 02/01/2056(b)		1,000		888,723
California Community Housing Agency (California Community Housing Agency Brio Apartments & Next on Lex Apartments) Series 2021 4.00%, 02/01/2056(b)		2,000		1,777,446
California Community Housing Agency (California Community Housing Agency Fountains at Emerald Park) Series 2021 3.00%, 08/01/2056(b)		500		359,219
4.00%, 08/01/2046(b)		4,000		3,175,437

1

	Principal Amount (000)		U.S. $ Value
California Community Housing Agency (California Community Housing Agency Summit at Sausalito Apartments) Series 2021 3.00%, 02/01/2057(b)	$	1,000	$	716,738
California County Tobacco Securitization Agency Series 2020-A 4.00%, 06/01/2040		1,365		1,350,059
4.00%, 06/01/2049		12,155		11,412,514
California Educational Facilities Authority (Art Center College of Design) Series 2018-A 5.00%, 12/01/2037		1,265		1,318,705
5.00%, 12/01/2044		6,885		7,082,957
California Educational Facilities Authority (Chapman University) Series 2015 5.00%, 04/01/2035		4,415		4,591,221
California Educational Facilities Authority (Leland Stanford Junior University (The)) Series 2007-T 5.00%, 03/15/2039		16,535		19,432,724
California Educational Facilities Authority (Loma Linda University) Series 2017-A 5.00%, 04/01/2047		4,000		4,211,514
California Educational Facilities Authority (University of Redlands) Series 2022-A 5.00%, 10/01/2044(c)		2,500		2,556,248
5.00%, 10/01/2052(c)		1,000		1,016,325
California Educational Facilities Authority (University of the Pacific) Series 2015 5.00%, 11/01/2031		2,000		2,110,541
California Enterprise Development Authority (Provident Group-SDSU Properties LLC) Series 2020-A 5.00%, 08/01/2050		1,030		1,041,360
California Enterprise Development Authority (Rocketship Education Obligated Group) Series 2022 4.00%, 06/01/2042(b)		1,000		867,413
California Enterprise Development Authority (Rocklin Academy (The)) Series 2021 4.00%, 06/01/2051(b)		625		509,696
4.00%, 06/01/2061(b)		840		654,261
California Health Facilities Financing Authority (Children’s Hospital Los Angeles) Series 2017-A 5.00%, 08/15/2035		1,365		1,429,194
5.00%, 08/15/2036		3,000		3,135,326
5.00%, 08/15/2042		2,000		2,067,914
5.00%, 08/15/2047		1,000		1,025,407

2

	Principal Amount (000)		U.S. $ Value
California Health Facilities Financing Authority (CommonSpirit Health) Series 2020-A 4.00%, 04/01/2037	$	5,165	$	5,048,308
4.00%, 04/01/2038		7,000		6,800,618
4.00%, 04/01/2040		3,000		2,882,210
California Health Facilities Financing Authority (Lucile Salter Packard Children’s Hospital at Stanford Obligated Group) Series 2022-A 4.00%, 05/15/2046		13,865		13,448,870
California Health Facilities Financing Authority (Providence St. Joseph Health Obligated Group) Series 2013-A 5.00%, 07/01/2033 (Pre-refunded/ETM)		5,000		5,108,602
California Housing Finance Agency Series 2021-1, Class A 3.50%, 11/20/2035		7,199		6,704,995
Series 2021-2 0.823%, 03/25/2035		3,000		175,011
Series 2021-3, Class A 3.25%, 08/20/2036		1,977		1,787,437
California Housing Finance Agency Series 2019-2, Class A 4.00%, 03/20/2033		7,894		7,824,952
California Infrastructure & Economic Development Bank Series 2022 0.85%, 01/01/2050 (Pre-refunded/ETM)(b)		7,500		7,414,488
California Infrastructure & Economic Development Bank (California Academy of Sciences) Series 2021 2.02% (MUNIPSA + 0.35%), 08/01/2047(a)		6,300		6,218,257
California Infrastructure & Economic Development Bank (Goodwill Industries of Sacramento Valley & Northern Nevada, Inc.) Series 2016 5.00%, 01/01/2036(b)		1,500		1,295,870
California Municipal Finance Authority Series 2015-A 5.00%, 02/01/2046 (Pre-refunded/ETM)		1,380		1,465,273
California Municipal Finance Authority (American Heritage/Escondido/Heritage K-8 Charter School Obligated Group) Series 2016-A 5.00%, 06/01/2036		1,900		1,947,418
5.00%, 06/01/2046		1,500		1,516,686
California Municipal Finance Authority (Azusa Pacific University) Series 2015-B 5.00%, 04/01/2035		2,960		3,029,603
5.00%, 04/01/2041		3,000		3,054,340

3

	Principal Amount (000)		U.S. $ Value
California Municipal Finance Authority (Biola University, Inc.) Series 2017 5.00%, 10/01/2032	$	565	$	596,238
5.00%, 10/01/2033		625		657,031
5.00%, 10/01/2034		570		597,233
5.00%, 10/01/2035		600		627,905
5.00%, 10/01/2036		1,150		1,202,276
5.00%, 10/01/2037		2,000		2,084,655
5.00%, 10/01/2039		2,000		2,075,618
California Municipal Finance Authority (California Institute of the Arts) Series 2021 4.00%, 10/01/2046		965		859,149
4.00%, 10/01/2051		1,200		1,048,111
California Municipal Finance Authority (CHF-Riverside II LLC) Series 2019 5.00%, 05/15/2041		3,470		3,590,610
5.00%, 05/15/2042		4,705		4,856,817
5.00%, 05/15/2049		4,500		4,606,223
5.00%, 05/15/2052		1,575		1,609,272
California Municipal Finance Authority (Congregational Homes, Inc. Obligated Group) Series 2022 4.00%, 11/15/2042		560		498,434
4.00%, 11/15/2052		3,605		3,046,024
4.00%, 11/15/2056		1,090		898,349
California Municipal Finance Authority (Goodwill Industries of Sacramento Valley & Northern Nevada, Inc.) Series 2014 5.25%, 01/01/2045		1,295		1,056,760
California Municipal Finance Authority (Inland Regional Center) Series 2015 5.00%, 06/15/2032		5,000		5,300,648
California Municipal Finance Authority (LAX Integrated Express Solutions LLC) Series 2018 5.00%, 12/31/2036		5,685		5,863,711
5.00%, 12/31/2037		4,000		4,120,162
5.00%, 12/31/2047		10,005		10,149,382
California Municipal Finance Authority (United Airlines, Inc.) Series 2019 4.00%, 07/15/2029		5,000		4,946,436
California Municipal Finance Authority (UTS Bioenergy LLC) Series 2011-A1 7.50%, 12/01/2032(d)(e)(f)		2,745		54,900
California Pollution Control Financing Authority (Poseidon Resources Channelside LP) Series 2019 5.00%, 07/01/2039(b)		9,740		9,802,344
5.00%, 11/21/2045(b)		8,000		7,880,530
California Pollution Control Financing Authority (Rialto Bioenergy Facility LLC) Series 2019 7.50%, 12/01/2040(b)		2,200		1,489,440

4

	Principal Amount (000)		U.S. $ Value
California Public Finance Authority (California University of Science & Medicine Obligated Group) Series 2019 6.25%, 07/01/2054(b)	$	2,000	$	2,169,667
California Public Finance Authority (Enso Village) Series 2021 2.125%, 11/15/2027(b)		2,500		2,312,894
California Public Finance Authority (Henry Mayo Newhall Hospital Obligated Group) Series 2017 5.00%, 10/15/2037		1,000		1,033,802
5.00%, 10/15/2047		2,665		2,722,238
California School Finance Authority (ACE Charter Schools Obligated Group) Series 2016 5.00%, 06/01/2042(b)		2,750		2,712,442
California School Finance Authority (Alliance for College Ready Public Schools Obligated Group) Series 2015-A 5.00%, 07/01/2045(b)		4,675		4,735,100
Series 2016 5.25%, 07/01/2052(b)		2,500		2,556,911
California School Finance Authority (Bright Star Schools Obligated Group) Series 2017 5.00%, 06/01/2037(b)		1,200		1,214,054
5.00%, 06/01/2047(b)		1,565		1,566,189
California School Finance Authority (Classical Academy Obligated Group) Series 2020-A 5.00%, 10/01/2050(b)		3,000		3,014,960
Series 2021 4.00%, 10/01/2046(b)		1,250		1,063,482
Series 2022 5.00%, 10/01/2061(b)		2,000		1,975,129
California School Finance Authority (Downtown College Prep Obligated Group) Series 2016 5.00%, 06/01/2046(b)		2,325		2,243,379
5.00%, 06/01/2051(b)		2,910		2,773,416
California School Finance Authority (Ednovate Obligated Group) Series 2018 5.00%, 06/01/2037(b)		430		432,493
California School Finance Authority (Equitas Academy Obligated Group) Series 2018-A 5.00%, 06/01/2035(b)		4,770		4,817,784
California School Finance Authority (Fenton Charter Public Schools) Series 2020-A 5.00%, 07/01/2058(b)		625		619,794

5

	Principal Amount (000)		U.S. $ Value
California School Finance Authority (Green Dot Public Schools Obligated Group) Series 2015-A 5.00%, 08/01/2045(b)	$	1,000	$	1,011,058
California School Finance Authority (Kipp SoCal Public Schools Obligated Group) Series 2017-A 5.00%, 07/01/2037(b)		935		958,765
5.00%, 07/01/2047(b)		2,485		2,515,370
California School Finance Authority (Kipp SoCal Public Schools) Series 2014-A 5.00%, 07/01/2034(b)		600		608,465
California School Finance Authority (Rocketship Education Obligated Group) Series 2016-A 5.00%, 06/01/2036(b)		1,000		1,003,740
5.00%, 06/01/2046(b)		2,500		2,435,386
Series 2017 5.125%, 06/01/2047(b)		700		692,680
Series 2017-G 5.00%, 06/01/2037(b)		360		361,481
5.00%, 06/01/2053(b)		1,550		1,491,065
California School Finance Authority (Summit Public Schools Obligated Group) Series 2017 5.00%, 06/01/2047(b)		1,500		1,510,425
5.00%, 06/01/2053(b)		3,800		3,813,527
California School Finance Authority (View Park Elementary & Middle Schools) Series 2014 5.625%, 10/01/2034		575		591,024
5.875%, 10/01/2044		1,000		1,028,778
6.00%, 10/01/2049		715		736,903
California State University Series 2020-D 1.49%, 11/01/2028		1,500		1,280,819
Series 2021-B 2.144%, 11/01/2033		6,000		4,783,718
California Statewide Communities Development Authority AGM Series 2014 5.00%, 11/15/2034 (Pre-refunded/ETM)		2,500		2,644,183
5.00%, 11/15/2044 (Pre-refunded/ETM)		2,000		2,115,346
California Statewide Communities Development Authority (American Baptist Homes of the West Obligated Group) Series 2015 5.00%, 10/01/2026		720		759,738
5.00%, 10/01/2027		1,000		1,053,880
5.00%, 10/01/2028		1,125		1,184,298
5.00%, 10/01/2045		2,800		2,870,610

6

	Principal Amount (000)		U.S. $ Value
California Statewide Communities Development Authority (California Baptist University) Series 2017-A 5.00%, 11/01/2032(b)	$	1,135	$	1,191,742
5.00%, 11/01/2041(b)		1,875		1,948,292
California Statewide Communities Development Authority (CHF-Irvine LLC) Series 2017-A 5.00%, 05/15/2034		1,000		1,035,484
5.00%, 05/15/2035		1,410		1,458,814
5.00%, 05/15/2036		1,500		1,551,282
California Statewide Communities Development Authority (Emanate Health Obligated Group) Series 2020-A 5.00%, 04/01/2035		1,000		1,093,456
California Statewide Communities Development Authority (Lancer Educational Housing LLC) Series 2019 5.00%, 06/01/2051(b)		2,150		2,067,442
California Statewide Communities Development Authority (Loma Linda University Medical Center) Series 2016-A 5.00%, 12/01/2036(b)		5,000		5,028,726
5.00%, 12/01/2041(b)		1,315		1,306,144
Series 2018-A 5.50%, 12/01/2058(b)		1,700		1,719,591
California Statewide Communities Development Authority (Moldaw Residences) Series 2014-A 5.25%, 11/01/2044(b)		1,800		1,681,481
5.375%, 11/01/2049(b)		2,500		2,345,634
California Statewide Communities Development Authority (NCCD-Hooper Street LLC) Series 2019 5.25%, 07/01/2039(b)		2,295		2,203,165
5.25%, 07/01/2049(b)		2,675		2,462,204
5.25%, 07/01/2052(b)		1,565		1,426,952
Capistrano Unified School District School Facilities Improvement District No. 1 AGM Series 2001-B Zero Coupon, 08/01/2025		4,650		4,169,717
City of Atwater CA Wastewater Revenue AGM Series 2017-A 5.00%, 05/01/2040		1,000		1,065,277
5.00%, 05/01/2043		1,000		1,059,678
City of Encinitas CA Series 2012 5.00%, 09/01/2026 (Pre-refunded/ETM)		965		965,000
5.00%, 09/01/2027 (Pre-refunded/ETM)		955		955,000
5.00%, 09/01/2029 (Pre-refunded/ETM)		770		770,000

7

	Principal Amount (000)		U.S. $ Value
City of Fairfield CA (City of Fairfield CA COP) Series 2007 Zero Coupon, 04/01/2035	$	3,700	$	2,281,363
City of Irvine CA (City of Irvine CA Assessment Dist No. 13-1) Series 2013 5.00%, 09/02/2027		650		665,909
5.00%, 09/02/2029		1,110		1,136,403
City of Irvine CA (Irvine Community Facilities District No. 2013-3) Series 2018 5.00%, 09/01/2043		2,400		2,536,192
5.00%, 09/01/2048		4,250		4,469,354
City of Long Beach CA Marina System Revenue Series 2015 5.00%, 05/15/2032		1,100		1,133,648
5.00%, 05/15/2040		2,250		2,289,018
5.00%, 05/15/2045		2,250		2,278,822
City of Los Angeles CA Wastewater System Revenue Series 2013-B 5.00%, 06/01/2031		5,000		5,094,407
City of Los Angeles Department of Airports Series 2019 4.00%, 05/15/2044		4,045		3,805,899
Series 2022 3.25%, 05/15/2049		2,000		1,578,711
5.00%, 05/15/2045		1,500		1,581,421
Series 2022-H 4.00%, 05/15/2047		10,000		9,339,660
City of Palo Alto CA (City of Palo Alto CA University Avenue AD) Series 2012 5.00%, 09/02/2025		1,685		1,712,254
5.00%, 09/02/2028		530		538,206
5.00%, 09/02/2030		745		755,467
City of Riverside CA Sewer Revenue Series 2015-A 5.00%, 08/01/2033		10,090		10,789,644
City of Roseville CA (Fiddyment Ranch Community Facilities District No. 1) Series 2017 5.00%, 09/01/2033		1,315		1,400,824
5.00%, 09/01/2034		1,000		1,062,147
City of Roseville CA (HP Campus Oaks Community Facilities District No. 1) Series 2016 5.00%, 09/01/2036		640		671,665
City of San Francisco CA Public Utilities Commission Water Revenue Series 2020-E 2.825%, 11/01/2041		4,900		3,855,430

8

	Principal Amount (000)		U.S. $ Value
City of San Jose CA Airport Revenue (Norman Y Mineta San Jose International Airport SJC) Series 2017-A 5.00%, 03/01/2033	$	1,100	$	1,156,676
5.00%, 03/01/2034		2,000		2,092,814
5.00%, 03/01/2035		3,500		3,647,472
5.00%, 03/01/2037		1,800		1,869,014
City of Upland CA (San Antonio Regional Hospital) Series 2017 5.00%, 01/01/2032		1,000		1,051,899
5.00%, 01/01/2047		2,750		2,806,174
CMFA Special Finance Agency Series 2022-A 4.00%, 08/01/2058(b)		2,000		1,670,716
CMFA Special Finance Agency (CMFA Special Finance Agency Latitude33) Series 2021-A 3.00%, 12/01/2056(b)		2,000		1,413,315
CMFA Special Finance Agency (CMFA Special Finance Agency Solana at Grand) Series 2021-A 4.00%, 08/01/2056(b)		3,000		2,664,093
CMFA Special Finance Agency VIII Elan Huntington Beach Series 2021 3.00%, 08/01/2056(b)		4,000		2,821,934
4.00%, 08/01/2047(b)		1,830		1,412,644
Coast Community College District Series 2019-F 3.00%, 08/01/2036		850		778,064
3.00%, 08/01/2037		940		848,963
3.00%, 08/01/2038		2,175		1,937,165
County of Los Angeles CA Community Facilities District No 2021-01 Series 2022 5.00%, 09/01/2047		2,750		2,781,799
5.00%, 09/01/2052		2,500		2,516,975
County of Sacramento CA (North Vineyard District 2005-2) Series 2016 5.00%, 09/01/2040		990		1,027,316
5.00%, 09/01/2045		1,250		1,289,751
County of Sacramento CA Airport System Revenue Series 2016-B 5.00%, 07/01/2036		1,755		1,856,727
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 1818 Platinum Triangle-Anaheim) Series 2021 3.25%, 04/01/2057(b)		4,000		2,974,969
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority 777 Place-Pomona) Series 2021 4.00%, 05/01/2057(b)		1,000		733,531

9

	Principal Amount (000)		U.S. $ Value
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Acacia on Santa Rosa Creek) Series 2021 4.00%, 10/01/2046(b)	$	3,000	$	2,287,821
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Altana Apartments) Series 2021 4.00%, 10/01/2056(b)		5,000		3,999,958
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Crescent) Series 2022 4.30%, 07/01/2059(b)		1,000		872,089
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Jefferson Platinum Triangle Apartments) Series 2021-A2 3.125%, 08/01/2056(b)		1,000		735,555
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Millennium South Bay-Hawthorne) Series 2021 4.00%, 07/01/2058(b)		1,000		724,922
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Oceanaire Apartments) Series 2021 4.00%, 09/01/2056(b)		2,500		2,041,255
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Pasadena Portfolio) Series 2021 3.00%, 12/01/2056(b)		1,000		720,082
4.00%, 12/01/2056(b)		1,000		781,190
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Theo Apartments) Series 2021 4.00%, 05/01/2057(b)		2,000		1,498,043
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Towne at Glendale Apartments) Series 2022 0.00%, 09/01/2062(b)		1,645		869,018
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Union South Bay) Series 2021-A2 4.00%, 07/01/2056(b)		2,400		1,849,725
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Vineyard Gardens Apartments) Series 2021 3.25%, 10/01/2058(b)		1,000		729,964
4.00%, 10/01/2048(b)		3,000		2,285,042

10

	Principal Amount (000)		U.S. $ Value
CSCDA Community Improvement Authority (CSCDA Community Improvement Authority Waterscape Apartments) Series 2021-A 3.00%, 09/01/2056(b)	$	1,500	$	1,077,264
Fremont Community Facilities District No. 1 Series 2015 5.00%, 09/01/2040		4,000		4,115,244
Garden Grove Unified School District Series 2013-C 5.00%, 08/01/2032 (Pre-refunded/ETM)		2,535		2,597,660
Golden State Tobacco Securitization Corp. Series 2021 3.115%, 06/01/2038		5,000		4,095,128
1.85%, 06/01/2031		1,205		1,182,311
3.85%, 06/01/2050		5,000		4,528,420
Hastings Campus Housing Finance Authority Series 2020-A 5.00%, 07/01/2045(b)		5,000		4,932,659
Irvine Unified School District Series 2017-B 5.00%, 09/01/2047		1,000		1,046,151
Lake Elsinore Public Financing Authority Series 2015 5.00%, 09/01/2031		2,690		2,808,688
5.00%, 09/01/2035		1,835		1,903,328
Long Beach Bond Finance Authority (Aquarium of the Pacific) Series 2012 5.00%, 11/01/2028		3,500		3,504,593
5.00%, 11/01/2029		3,080		3,084,042
Los Angeles Community College District/CA Series 2019-K 4.00%, 08/01/2038		2,500		2,539,648
Los Angeles County Public Works Financing Authority (County of Los Angeles CA Lease) Series 2022-G 5.00%, 12/01/2035		5,500		6,360,933
Los Angeles Department of Water & Power Water System Revenue Series 2022-C 5.00%, 07/01/2043		10,000		11,231,509
Los Angeles Unified School District/CA Series 2020-R 4.00%, 07/01/2036		5,000		5,151,468
4.00%, 07/01/2037		4,500		4,608,629
4.00%, 07/01/2038		6,000		6,116,692
4.00%, 07/01/2044		9,000		8,663,623
Los Angeles Unified School District/CA (Los Angeles Unified School District/CA COP) Series 2012-B 5.00%, 10/01/2028		4,365		4,371,401
5.00%, 10/01/2029		4,855		4,861,880
M-S-R Energy Authority (Citigroup, Inc.) Series 2009-A 6.50%, 11/01/2039		830		1,001,758
Series 2009-B 6.50%, 11/01/2039		10,000		12,069,379

11

	Principal Amount (000)		U.S. $ Value
Menifee Union School District Series 2018 5.00%, 09/01/2043	$	1,000	$	1,048,643
5.00%, 09/01/2048		1,215		1,267,185
Metropolitan Water District of Southern California Series 2021-D 1.81% (MUNIPSA + 0.14%), 07/01/2037(a)		2,100		2,093,476
Oakland Unified School District/Alameda County Series 2015-A 5.00%, 08/01/2031 (Pre-refunded/ETM)		1,640		1,763,783
5.00%, 08/01/2032 (Pre-refunded/ETM)		1,500		1,613,216
5.00%, 08/01/2033 (Pre-refunded/ETM)		2,200		2,366,050
Orange County Transportation Authority (91 Express Lanes Toll Road) Series 2013 5.00%, 08/15/2029		2,360		2,417,319
Orange County Water District Series 2019-C 4.00%, 08/15/2034		1,250		1,304,254
Oxnard Financing Authority AGM Series 2014 5.00%, 06/01/2031		5,250		5,455,876
Palomar Health Series 2016-A 5.00%, 08/01/2031		1,285		1,383,109
Palomar Health (Palomar Health Obligated Group) Series 2016 5.00%, 11/01/2036		5,000		5,167,477
Series 2017 5.00%, 11/01/2042		1,000		1,024,496
Poway Unified School District Series 2012 5.00%, 09/01/2026 (Pre-refunded/ETM)		970		970,000
Poway Unified School District Public Financing Authority Series 2015-A 5.00%, 09/01/2033		1,500		1,561,643
5.00%, 09/01/2034		995		1,033,986
Redding Joint Powers Financing Authority Series 2015-A 5.00%, 06/01/2030		1,350		1,456,747
Regents of the University of California Medical Center Pooled Revenue Series 2022 5.00%, 05/15/2040		10,000		11,119,385
Rialto Redevelopment Agency Series 2018 5.00%, 09/01/2032		500		554,624
5.00%, 09/01/2033		500		551,263
5.00%, 09/01/2037		2,235		2,422,661
River Islands Public Financing Authority (River Islands Public Financing Authority Community Facilities District No 2003-1) Series 2022 5.00%, 09/01/2052		5,200		5,078,995

12

	Principal Amount (000)		U.S. $ Value
Riverside County Transportation Commission Series 2013-A 5.25%, 06/01/2032 (Pre-refunded/ETM)	$	9,165	$	9,365,220
Series 2021 4.00%, 06/01/2046		5,000		4,568,449
Sacramento County Water Financing Authority (Sacramento County Water Agency) Series 2007-B 1.609% (LIBOR 3 Month + 0.55%), 06/01/2034(a)		1,450		1,350,984
1.629% (LIBOR 3 Month + 0.57%), 06/01/2039(a)		5,375		4,759,672
San Diego County Regional Airport Authority Series 2019-A 4.00%, 07/01/2037		2,500		2,450,886
4.00%, 07/01/2038		2,000		1,955,890
Series 2020 5.00%, 07/01/2035		650		694,183
5.00%, 07/01/2036		500		532,856
5.00%, 07/01/2037		250		265,294
5.00%, 07/01/2038		250		263,699
5.00%, 07/01/2039		255		267,510
5.00%, 07/01/2040		250		261,671
Series 2021-A 4.00%, 07/01/2056		4,750		4,383,094
Series 2021-B 4.00%, 07/01/2046		2,500		2,321,454
San Diego Unified School District/CA Series 2013-C 5.00%, 07/01/2032 (Pre-refunded/ETM)		3,180		3,251,723
San Francisco City & County Redevelopment Agency Successor Agency (Mission Bay South Public Imp) Series 2013-A 5.00%, 08/01/2029		1,310		1,311,824
San Francisco City & County Redevelopment Agency Successor Agency (Successor Agency to the Redev of San Francisco - Mission Bay South) Series 2016-B 5.00%, 08/01/2033		1,000		1,078,056
5.00%, 08/01/2035		1,000		1,073,948
Series 2016-C 5.00%, 08/01/2032		1,000		1,080,975
5.00%, 08/01/2035		1,000		1,073,948
San Francisco Intl Airport (San Francisco Intl Airport) Series 2017-A 5.00%, 05/01/2042		2,000		2,064,255
Series 2022-A 4.00%, 05/01/2052		10,000		9,088,961
Series 2022-C 3.283%, 05/01/2036		3,000		2,587,196
San Joaquin Hills Transportation Corridor Agency Series 1993 Zero Coupon, 01/01/2023 (Pre-refunded/ETM)		25,000		24,796,520

13

	Principal Amount (000)		U.S. $ Value
Sierra Joint Community College District School Facilities District No. 2 Series 2007-B Zero Coupon, 06/01/2032	$	5,485	$	3,915,146
Southern California Public Power Authority (Los Angeles Department of Water & Power PWR) Series 2014-A 5.00%, 07/01/2033		5,000		5,198,501
5.00%, 07/01/2034		3,200		3,327,040
State of California Series 2004 5.30%, 04/01/2029		5		5,013
Series 2013 5.00%, 02/01/2031		5,000		5,054,822
Series 2014 5.00%, 12/01/2030		2,000		2,065,904
Series 2019 5.00%, 04/01/2029		10,000		11,508,417
Stockton Redevelopment Agency Successor Agency AGM Series 2016-A 5.00%, 09/01/2033		2,800		3,022,323
5.00%, 09/01/2034		1,000		1,076,804
Successor Agency to the Redev of San Francisco - Mission Bay North Series 2016-A 5.00%, 08/01/2032		1,025		1,096,995
5.00%, 08/01/2034		1,105		1,174,937
5.00%, 08/01/2035		595		631,088
5.00%, 08/01/2036		775		818,153
Tejon Ranch Public Facilities Finance Authority (Tejon Ranch Public Facilities Finance Authority CFD No. 1) Series 2012 5.25%, 09/01/2026		1,375		1,375,000
5.25%, 09/01/2028		1,000		1,000,000
5.50%, 09/01/2030		1,635		1,635,000
5.50%, 09/01/2033		500		500,000
Tobacco Securitization Authority of Northern California (Sacramento County Tobacco Securitization Corp.) Series 2021 Zero Coupon, 06/01/2060		10,000		1,656,566
5.00%, 06/01/2023		1,160		1,183,584
Tobacco Securitization Authority of Southern California Series 2019 5.00%, 06/01/2037		1,000		1,071,316
5.00%, 06/01/2048		13,825		14,285,804
Transbay Joint Powers Authority (Transbay Joint Powers Authority Transbay Redevelopment Project Tax Increment Rev) Series 2020 5.00%, 10/01/2040		1,000		1,072,858
5.00%, 10/01/2045		2,000		2,111,029
5.00%, 10/01/2049		2,200		2,314,256

14

	Principal Amount (000)		U.S. $ Value
University of California Series 2023-B 5.00%, 05/15/2034(c)	$	1,740	$	1,977,230
5.00%, 05/15/2035(c)		5,000		5,637,498
5.00%, 05/15/2036(c)		5,000		5,599,412
Upland Unified School District Series 2011-C Zero Coupon, 08/01/2035		1,020		605,957
Walnut Energy Center Authority Series 2014 5.00%, 01/01/2031		4,000		4,167,548
5.00%, 01/01/2032		3,700		3,852,282
Washington Township Health Care District Series 2017-B 5.00%, 07/01/2032		2,000		2,090,095
5.00%, 07/01/2033		1,500		1,562,542
				844,051,495
American Samoa – 0.2%
American Samoa Economic Development Authority (Territory of American Samoa) Series 2015-A 6.625%, 09/01/2035		430		461,558
Series 2018 7.125%, 09/01/2038(b)		1,385		1,595,307
				2,056,865
Georgia – 0.2%
Municipal Electric Authority of Georgia Series 2019 5.00%, 01/01/2037		100		104,048
5.00%, 01/01/2038		100		103,562
5.00%, 01/01/2039		100		104,589
5.00%, 01/01/2048		215		219,752
5.00%, 01/01/2056		655		675,549
5.00%, 01/01/2059		220		223,170
				1,430,670
Guam – 2.1%
Antonio B Won Pat International Airport Authority Series 2021-A 3.839%, 10/01/2036		700		603,762
Series 2023 5.375%, 10/01/2040(c)		250		243,520
5.375%, 10/01/2043(c)		1,050		1,011,996
Guam Government Waterworks Authority Series 2016 5.00%, 01/01/2046		1,335		1,372,786
Guam Power Authority Series 2017-A 5.00%, 10/01/2036		2,940		3,075,021
5.00%, 10/01/2037		1,300		1,357,452
5.00%, 10/01/2040		1,000		1,038,967
Series 2022-A 5.00%, 10/01/2044		3,700		3,840,499

15

	Principal Amount (000)		U.S. $ Value
Territory of Guam Series 2019 5.00%, 11/15/2031	$	290	$	295,562
Territory of Guam (Guam Section 30 Income Tax) Series 2016-A
5.00%, 12/01/2029		3,805		3,977,228
5.00%, 12/01/2030		415		432,165
5.00%, 12/01/2032		455		470,331
Territory of Guam (Territory of Guam Business Privilege Tax) Series 2021-F 4.00%, 01/01/2042		3,000		2,650,446
				20,369,735
Illinois – 0.2%
Chicago Board of Education Series 2018-A 5.00%, 12/01/2031		2,000		2,097,072
Louisiana – 0.0%
Parish of St. James LA (NuStar Logistics LP) Series 2020-2 6.35%, 07/01/2040(b)		200		221,341
6.35%, 10/01/2040(b)		135		149,405
				370,746
Michigan – 0.0%
City of Detroit MI Series 2018 5.00%, 04/01/2036		305		314,338
New York – 0.1%
New York Transportation Development Corp. (Delta Air Lines, Inc.) Series 2018 4.00%, 01/01/2036		535		505,182
Puerto Rico – 1.5%
Commonwealth of Puerto Rico Series 2021-A Zero Coupon, 07/01/2024		445		411,299
Zero Coupon, 07/01/2033		1,238		702,445
4.00%, 07/01/2033		410		382,921
4.00%, 07/01/2035		9		8,008
4.00%, 07/01/2037		7		6,695
4.00%, 07/01/2041		10		8,867
4.00%, 07/01/2046		11		8,963
5.25%, 07/01/2023		283		287,132
5.375%, 07/01/2025		521		537,102
5.625%, 07/01/2027		801		848,655
5.625%, 07/01/2029		716		769,354
5.75%, 07/01/2031		145		159,012
Series 2022-C 0.00%, 11/01/2043		68		34,774
Puerto Rico Electric Power Authority AGM Series 2007-V 5.25%, 07/01/2031		1,000		1,012,291

16

	Principal Amount (000)		U.S. $ Value
Puerto Rico Highway & Transportation Authority Series 2005-L 5.25%, 07/01/2041	$	725	$	725,353
Series 2007-C 5.50%, 07/01/2031		140		144,879
Series 2007-N 5.25%, 07/01/2034		1,020		1,035,037
5.25%, 07/01/2036		1,070		1,083,359
Puerto Rico Industrial Tourist Educational Medical & Environmental Control Facilities Financing Auth (AES Puerto Rico LP) Series 2000 6.625%, 06/01/2026		2,110		2,186,257
Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue Series 2018-A Zero Coupon, 07/01/2029		847		647,720
Series 2019-A 4.329%, 07/01/2040		1,065		1,033,870
4.55%, 07/01/2040		90		89,774
5.00%, 07/01/2058		2,650		2,564,158
				14,687,925
Tennessee – 0.1%
Bristol Industrial Development Board (Bristol Industrial Development Board Sales Tax) Series 2016-A 5.00%, 12/01/2035(b)		1,010		1,012,219
Texas – 0.2%
Mission Economic Development Corp. (Natgasoline LLC) Series 2018 4.625%, 10/01/2031(b)		1,805		1,830,055
Washington – 0.1%
Washington State Housing Finance Commission (Presbyterian Retirement Communities Northwest Obligated Group) Series 2019-A 5.00%, 01/01/2044(b)		130		116,331
5.00%, 01/01/2049(b)		100		87,196
5.00%, 01/01/2055(b)		410		350,193
				553,720
Wisconsin – 0.2%
Wisconsin Health & Educational Facilities Authority (St. Camillus Health System Obligated Group) Series 2019 5.00%, 11/01/2054		115		100,598
Wisconsin Public Finance Authority (Catholic Bishop of Chicago (The)) Series 2021 5.75%, 07/25/2041(b)		2,000		1,889,873
				1,990,471
Total Long-Term Municipal Bonds (cost $951,370,634)				891,270,493

17

	Principal Amount (000)		U.S. $ Value
Short-Term Municipal Notes – 4.8%
Abag Finance Authority for Nonprofit Corps. (Sharp Healthcare Obligated Group) Series 2009-D 1.26%, 08/01/2035(g)	$	1,100	$	1,100,000
1.48%, 08/01/2035(g)		700		700,000
Antelope Valley-East Kern Water Agency Series 2008-A 1.45%, 06/01/2037(g)		1,125		1,125,000
California Statewide Communities Development Authority (Scripps Health Obligated Group) Series 2012-A 1.25%, 08/01/2035(g)		11,410		11,410,000
California Statewide Communities Development Authority (Western University of Health Sciences) Series 2019 1.42%, 06/01/2039(g)		5,470		5,470,000
Calleguas-Las Virgenes Public Financing Authority Series 2008-A 1.52%, 07/01/2037(g)		1,805		1,805,000
Calleguas-Las Virgenes Public Financing Authority Series 2008-A 1.52%, 07/01/2037(g)		550		550,000
City of Los Angeles CA Series 2022 4.00%, 06/29/2023		7,000		7,098,260
County of San Bernardino CA (WLP Parkview Place Apartments LLC) Series 2004-A 1.48%, 02/15/2027(g)		1,875		1,875,000
County of San Bernardino CA (WLP Green Valley Apartments LLC) Series 1999 1.48%, 05/15/2029(g)		1,000		1,000,000
County of San Bernardino CA (WLP Mountain View Apartments LLC) Series 2004-A 1.48%, 02/15/2027(g)		3,545		3,545,000
County of San Bernardino CA (WLP Parkview Place Apartments LLC) Series 2004-A 1.48%, 02/15/2027(g)		275		275,000
San Francisco City & County Redevelopment Agency Successor Agency (Mercy Terrace LLC) Series 2005-A 1.46%, 06/15/2035(g)		1,150		1,150,000
State of California Series 2018-C 1.34%, 05/01/2033(g)		6,600		6,600,000

18

	Principal Amount (000)		U.S. $ Value
Western Municipal Water District Facilities Authority Series 2017-A 1.38%, 10/01/2042(g)	$	3,525	$	3,525,000
Total Short-Term Municipal Notes (cost $47,221,745)				47,228,260
Total Municipal Obligations (cost $998,592,379)				938,498,753
COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.0%
Agency CMBS – 1.0%
California Housing Finance Agency Series 2021-2, Class A 3.75%, 03/25/2035		6,435		6,303,725
Series 2021-3, Class X 0.787%, 08/20/2036(h)		2,620		164,592
Federal Home Loan Mortgage Corp. Series 2021-ML10, Class AUS 2.032%, 01/25/2038		3,681		3,013,753
Total Commercial Mortgage-Backed Securities (cost $11,600,020)				9,482,070
	Shares
SHORT-TERM INVESTMENTS – 3.8%
Investment Companies – 3.8%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.03%(i)(j)(k) (cost $37,676,728)		37,676,728		37,676,728
Total Investments – 100.6% (cost $1,047,869,127)(l)				985,657,551
Other assets less liabilities – (0.6)%				(5,671,278	)
Net Assets – 100.0%			$	979,986,273

CENTRALLY CLEARED INFLATION (CPI) SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
USD	6,350	01/15/2025	2.565%	CPI#	Maturity	$	647,131		$	—		$	647,131
USD	3,340	01/15/2025	4.028%	CPI#	Maturity		141,855			—			141,855
USD	3,175	01/15/2025	2.585%	CPI#	Maturity		321,039			—			321,039
USD	3,175	01/15/2025	2.613%	CPI#	Maturity		317,562			—			317,562
USD	37,160	01/15/2027	CPI#	3.336%	Maturity		(2,282,850	)		—			(2,282,850	)
USD	10,000	01/15/2027	CPI#	3.466%	Maturity		(533,914	)		(11,909	)		(522,005	)
USD	20,520	01/15/2028	1.230%	CPI#	Maturity		4,078,938			—			4,078,938
USD	16,260	01/15/2028	0.735%	CPI#	Maturity		3,817,577			—			3,817,577
USD	16,830	01/15/2029	CPI#	3.735%	Maturity		(193,856	)		—			(193,856	)
USD	3,150	01/15/2029	CPI#	3.408%	Maturity		(123,354	)		—			(123,354	)
USD	6,300	01/15/2030	1.572%	CPI#	Maturity		1,202,218			—			1,202,218
USD	6,300	01/15/2030	1.587%	CPI#	Maturity		1,193,467			—			1,193,467
USD	655	01/15/2030	1.714%	CPI#	Maturity		116,331			—			116,331
USD	655	01/15/2030	1.731%	CPI#	Maturity		115,287			—			115,287

19

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
USD	6,200	01/15/2031	2.782%	CPI#	Maturity	$	532,975		$	—	$	532,975
USD	5,700	01/15/2031	2.680%	CPI#	Maturity		547,923			—		547,923
USD	5,120	01/15/2032	CPI#	3.064%	Maturity		(268,977	)		—		(268,977	)
USD	5,250	04/15/2032	CPI#	2.909%	Maturity		(347,021	)		—		(347,021	)
USD	1,120	04/15/2032	CPI#	2.748%	Maturity		(93,819	)		—		(93,819	)
						$	9,188,512		$	(11,909)	$	9,200,421

# Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).

CENTRALLY CLEARED INTEREST RATE SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
USD	31,000	01/15/2027	1 Day SOFR	2.719%	Annual	$	(380,660	)	$	—	$	(380,660	)
USD	20,000	01/15/2028	1.092%	3 Month LIBOR	Semi-Annual/ Quarterly		2,236,793			—		2,236,793
USD	17,000	04/15/2032	1.280%	1 Day SOFR	Annual		2,354,035			—		2,354,035
USD	15,000	04/15/2032	2.891%	1 Day SOFR	Annual		(2,499	)		—		(2,499	)
USD	14,500	04/15/2032	2.455%	1 Day SOFR	Annual		585,803			—		585,803
USD	13,900	04/15/2032	1.284%	1 Day SOFR	Annual		1,920,529			—		1,920,529
USD	9,000	04/15/2032	1.729%	1 Day SOFR	Annual		894,379			—		894,379
USD	8,000	04/15/2032	1.618%	1 Day SOFR	Annual		872,065			—		872,065
USD	13,000	02/15/2041	1 Day SOFR	2.654%	Annual		(427,450	)		—		(427,450	)
						$	8,052,995		$	—	$	8,052,995

INTEREST RATE SWAPS

Rate Type

Swap Counterparty

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)

Citibank, NA

USD

12,620

10/09/2029

1.125%

SIFMA*

Quarterly

$

1,136,711

$

—

$

1,136,711

* Variable interest rate based on the Securities Industry & Financial Markets Association (SIFMA) Municipal Swap Index.

(a) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at August 31, 2022.

(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 August 31, 2022, the aggregate market value of these securities amounted to $159,108,686 or 16.2% of net assets.

(c) When-Issued or delayed delivery security.

(d) Non-income producing security.

(e) Defaulted.

(f) Restricted and illiquid security.

20

Restricted & Illiquid Securities	Acquisition Date		Cost		Market Value		Percentage of Net Assets
California Municipal Finance Authority (UTS Bioenergy LLC) Series 2011-A1 7.50%, 12/01/2032		12/22/2011	$	2,745,000	$	54,900		0.01	%

(g) Variable Rate Demand Notes are instruments whose interest rates change on a specific date (such as coupon date or interest payment date) or whose interest rates vary with changes in a designated base rate (such as the prime interest rate). This instrument is payable on demand and is secured by letters of credit or other credit support agreements from major banks.

(h) IO - Interest Only.

(i) Affiliated investments.

(j) 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.

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

(l) As of August 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $27,872,270 and gross unrealized depreciation of investments was $(71,693,719), resulting in net unrealized depreciation of $(43,821,449).

As of August 31, 2022, the Portfolio’s percentages of investments in municipal bonds that are insured and in insured municipal bonds that have been pre-refunded or escrowed to maturity are 2.6% and 0.5%, respectively.

Glossary:

AD – Assessment District

AGM – Assured Guaranty Municipal

CFD – Community Facilities District

COP – Certificate of Participation

CPI – Consumer Price Index

ETM – Escrowed to Maturity

LIBOR – London Interbank Offered Rate

MUNIPSA – SIFMA Municipal Swap Index

SOFR – Secured Overnight Financing Rate

21

AB Municipal Income Fund, Inc.

AB California Portfolio

August 31, 2022 (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.

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.

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

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The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of August 31, 2022:

Investments in Securities:	Level 1		Level 2			Level 3		Total
Assets:
Long-Term Municipal Bonds	$	—	$	891,270,493		$	—	$	891,270,493
Short-Term Municipal Notes		—		47,228,260			—		47,228,260
Commercial Mortgage-Backed Securities		—		9,482,070			—		9,482,070
Short-Term Investments		37,676,728		—			—		37,676,728
Total Investments in Securities		37,676,728		947,980,823			—		985,657,551
Other Financial Instruments(a):
Assets:
Centrally Cleared Inflation (CPI) Swaps		—		13,032,303			—		13,032,303
Centrally Cleared Interest Rate Swaps		—		8,863,604			—		8,863,604
Interest Rate Swaps		—		1,136,711			—		1,136,711
Liabilities:
Centrally Cleared Inflation (CPI) Swaps		—		(3,843,791	)		—		(3,843,791	)
Centrally Cleared Interest Rate Swaps		—		(810,609	)		—		(810,609	)
Total	$	37,676,728	$	966,359,041		$	—	$	1,004,035,769

^(a)  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.

A summary of the Portfolio’s transactions in AB mutual funds for the three months ended August 31, 2022 is as follows:

Portfolio	Market Value 05/31/2022 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 08/31/2022 (000)		Dividend Income (000)
Government Money Market Portfolio	$	12,518	$	122,458	$	97,299	$	37,677	$	132

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