AB Cap Fund, Inc.
AB Select US Long/Short Portfolio
Portfolio of Investments
March 31, 2020 (unaudited)
Company | Shares | U.S. $ Value | ||||||
COMMON STOCKS – 56.8% |
| |||||||
Information Technology – 12.2% |
| |||||||
Communications Equipment – 0.5% |
| |||||||
Cisco Systems, Inc. | 132,445 | $ | 5,206,413 | |||||
|
| |||||||
IT Services – 1.7% |
| |||||||
KBR, Inc. | 84,976 | 1,757,304 | ||||||
PayPal Holdings, Inc.(a) | 37,758 | 3,614,951 | ||||||
Visa, Inc. - Class A | 66,622 | 10,734,136 | ||||||
|
| |||||||
16,106,391 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment – 2.0% |
| |||||||
Intel Corp. | 121,134 | 6,555,772 | ||||||
NVIDIA Corp. | 21,224 | 5,594,646 | ||||||
QUALCOMM, Inc. | 63,798 | 4,315,935 | ||||||
Texas Instruments, Inc. | 24,064 | 2,404,716 | ||||||
|
| |||||||
18,871,069 | ||||||||
|
| |||||||
Software – 5.3% |
| |||||||
Adobe, Inc.(a) | 21,601 | 6,874,302 | ||||||
Microsoft Corp. | 249,624 | 39,368,201 | ||||||
salesforce.com, Inc.(a) | 30,809 | 4,435,880 | ||||||
|
| |||||||
50,678,383 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals – 2.7% |
| |||||||
Apple, Inc. | 101,980 | 25,932,494 | ||||||
|
| |||||||
116,794,750 | ||||||||
|
| |||||||
Health Care – 9.6% |
| |||||||
Biotechnology – 0.9% |
| |||||||
Vertex Pharmaceuticals, Inc.(a) | 37,209 | 8,853,881 | ||||||
|
| |||||||
Health Care Equipment & Supplies – 1.9% |
| |||||||
Abbott Laboratories | 91,109 | 7,189,411 | ||||||
Boston Scientific Corp.(a) | 212,196 | 6,923,956 | ||||||
Zimmer Biomet Holdings, Inc. | 36,064 | 3,645,349 | ||||||
|
| |||||||
17,758,716 | ||||||||
|
| |||||||
Health Care Providers & Services – 2.3% |
| |||||||
Cigna Corp.(a) | 45,978 | 8,146,382 | ||||||
Humana, Inc. | 12,597 | 3,955,710 | ||||||
UnitedHealth Group, Inc. | 39,264 | 9,791,656 | ||||||
|
| |||||||
21,893,748 | ||||||||
|
| |||||||
Pharmaceuticals – 4.5% |
| |||||||
Eli Lilly & Co. | 58,402 | 8,101,525 | ||||||
Johnson & Johnson | 140,852 | 18,469,923 | ||||||
Merck & Co., Inc. | 214,925 | 16,536,330 | ||||||
|
| |||||||
43,107,778 | ||||||||
|
| |||||||
91,614,123 | ||||||||
|
| |||||||
Financials – 8.6% |
| |||||||
Banks – 3.9% |
| |||||||
Bank of America Corp. | 302,458 | 6,421,183 | ||||||
Citigroup, Inc. | 152,915 | 6,440,780 | ||||||
JPMorgan Chase & Co. | 129,762 | 11,682,473 | ||||||
PNC Financial Services Group, Inc. (The) | 131,000 | 12,539,320 | ||||||
|
| |||||||
37,083,756 | ||||||||
|
|
Company | Shares | U.S. $ Value | ||||||
Capital Markets – 1.3% |
| |||||||
Charles Schwab Corp. (The) | 55,390 | $ | 1,862,212 | |||||
Goldman Sachs Group, Inc. (The) | 67,360 | 10,413,182 | ||||||
|
| |||||||
12,275,394 | ||||||||
|
| |||||||
Diversified Financial Services – 3.4% |
| |||||||
Berkshire Hathaway, Inc. - Class B(a) | 177,026 | 32,365,664 | ||||||
|
| |||||||
81,724,814 | ||||||||
|
| |||||||
Communication Services – 6.5% |
| |||||||
Diversified Telecommunication Services – 1.0% |
| |||||||
Anterix, Inc.(a)(b) | 35,201 | 1,607,630 | ||||||
AT&T, Inc. | 153,888 | 4,485,835 | ||||||
Comcast Corp. - Class A | 96,301 | 3,310,828 | ||||||
|
| |||||||
9,404,293 | ||||||||
|
| |||||||
Entertainment – 2.0% |
| |||||||
Activision Blizzard, Inc. | 171,630 | 10,208,552 | ||||||
Netflix, Inc.(a) | 11,671 | 4,382,461 | ||||||
Vivendi SA | 141,307 | 2,987,707 | ||||||
Walt Disney Co. (The) | 18,887 | 1,824,484 | ||||||
|
| |||||||
19,403,204 | ||||||||
|
| |||||||
Interactive Media & Services – 3.5% |
| |||||||
Alphabet, Inc. - Class C(a) | 17,146 | 19,937,540 | ||||||
Facebook, Inc. - Class A(a) | 80,975 | 13,506,630 | ||||||
|
| |||||||
33,444,170 | ||||||||
|
| |||||||
62,251,667 | ||||||||
|
| |||||||
Industrials – 5.8% |
| |||||||
Aerospace & Defense – 1.6% |
| |||||||
Northrop Grumman Corp. | 51,500 | 15,581,325 | ||||||
|
| |||||||
Construction & Engineering – 1.1% |
| |||||||
Jacobs Engineering Group, Inc. | 134,389 | 10,653,016 | ||||||
|
| |||||||
Industrial Conglomerates – 2.6% |
| |||||||
Honeywell International, Inc. | 187,677 | 25,109,306 | ||||||
|
| |||||||
Road & Rail – 0.5% |
| |||||||
Norfolk Southern Corp. | 29,695 | 4,335,470 | ||||||
|
| |||||||
55,679,117 | ||||||||
|
| |||||||
Consumer Staples – 5.8% |
| |||||||
Beverages – 1.0% |
| |||||||
Coca-Cola Co. (The) | 210,378 | 9,309,227 | ||||||
|
| |||||||
Food & Staples Retailing – 1.7% |
| |||||||
Costco Wholesale Corp. | 14,448 | 4,119,558 | ||||||
Walmart, Inc. | 110,795 | 12,588,528 | ||||||
|
| |||||||
16,708,086 | ||||||||
|
|
Company | Shares | U.S. $ Value | ||||||
Household Products – 2.2% |
| |||||||
Procter & Gamble Co. (The) | 194,311 | $ | 21,374,210 | |||||
|
| |||||||
Personal Products – 0.4% |
| |||||||
Estee Lauder Cos., Inc. (The) - Class A | 21,365 | 3,404,299 | ||||||
|
| |||||||
Tobacco – 0.5% |
| |||||||
Altria Group, Inc. | 115,408 | 4,462,827 | ||||||
|
| |||||||
55,258,649 | ||||||||
|
| |||||||
Consumer Discretionary – 4.7% |
| |||||||
Hotels, Restaurants & Leisure – 0.3% |
| |||||||
Starbucks Corp. | 44,237 | 2,908,140 | ||||||
|
| |||||||
Internet & Direct Marketing Retail – 3.3% |
| |||||||
Alibaba Group Holding Ltd. (Sponsored ADR)(a) | 33,350 | 6,485,908 | ||||||
Amazon.com, Inc.(a) | 11,891 | 23,184,120 | ||||||
Booking Holdings, Inc.(a) | 1,443 | 1,941,297 | ||||||
|
| |||||||
31,611,325 | ||||||||
|
| |||||||
Specialty Retail – 1.1% |
| |||||||
Home Depot, Inc. (The) | 49,461 | 9,234,864 | ||||||
Ulta Beauty, Inc.(a) | 8,063 | 1,416,669 | ||||||
|
| |||||||
10,651,533 | ||||||||
|
| |||||||
45,170,998 | ||||||||
|
| |||||||
Utilities – 2.0% |
| |||||||
Electric Utilities – 2.0% |
| |||||||
NextEra Energy, Inc. | 50,919 | 12,252,130 | ||||||
NRG Energy, Inc. | 264,794 | 7,218,284 | ||||||
|
| |||||||
19,470,414 | ||||||||
|
| |||||||
Energy – 0.7% |
| |||||||
Oil, Gas & Consumable Fuels – 0.7% |
| |||||||
Chevron Corp. | 32,613 | 2,363,138 | ||||||
EOG Resources, Inc. | 84,050 | 3,019,076 | ||||||
Valero Energy Corp. | 34,840 | 1,580,343 | ||||||
|
| |||||||
6,962,557 | ||||||||
|
| |||||||
Materials – 0.5% |
| |||||||
Containers & Packaging – 0.5% |
| |||||||
Berry Global Group, Inc.(a) | 140,962 | 4,751,829 | ||||||
|
| |||||||
Real Estate – 0.4% |
| |||||||
Equity Real Estate Investment Trusts (REITs) – 0.4% |
| |||||||
Equinix, Inc. | 2,212 | 1,381,549 | ||||||
QTS Realty Trust, Inc. - Class A | 40,017 | 2,321,386 | ||||||
|
| |||||||
3,702,935 | ||||||||
|
| |||||||
Total Common Stocks | 543,381,853 | |||||||
|
|
Company | Shares | U.S. $ Value | ||||||
PREFERRED STOCKS – 0.1% |
| |||||||
Consumer Discretionary – 0.1% |
| |||||||
Household Durables – 0.1% |
| |||||||
Honest Co., Inc. (The) | 20,767 | 565,747 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS – 40.7% |
| |||||||
Investment Companies – 40.0% |
| |||||||
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.53%(f)(g)(h) | 382,237,349 | 382,237,349 | ||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Bills – 0.7% |
| |||||||
U.S. Treasury Bill | $ | 7,000 | 6,999,206 | |||||
|
| |||||||
Total Short-Term Investments |
| 389,236,555 | ||||||
|
| |||||||
Total Investments Before Securities Sold Short – 97.6% |
| 933,184,155 | ||||||
|
| |||||||
Shares | ||||||||
SECURITIES SOLD SHORT – (2.0)% |
| |||||||
COMMON STOCKS – (2.0)% |
| |||||||
Real Estate – (1.2)% |
| |||||||
Equity Real Estate Investment Trusts (REITs) – (1.2)% |
| |||||||
Acadia Realty Trust | (110,215 | ) | (1,365,564 | ) | ||||
Agree Realty Corp. | (19,906 | ) | (1,232,181 | ) | ||||
Brixmor Property Group, Inc. | (144,161 | ) | (1,369,529 | ) | ||||
Chatham Lodging Trust | (165,921 | ) | (985,571 | ) | ||||
Empire State Realty Trust, Inc. - Class A | (176,948 | ) | (1,585,454 | ) | ||||
Kimco Realty Corp. | (140,961 | ) | (1,363,093 | ) | ||||
Regency Centers Corp. | (35,734 | ) | (1,373,258 | ) | ||||
SL Green Realty Corp. | (32,157 | ) | (1,385,967 | ) | ||||
Tanger Factory Outlet Centers, Inc. | (240,194 | ) | (1,200,970 | ) | ||||
Washington Prime Group, Inc. | (165,135 | ) | (132,950 | ) | ||||
|
| |||||||
(11,994,537 | ) | |||||||
|
| |||||||
Consumer Discretionary – (0.5)% |
| |||||||
Hotels, Restaurants & Leisure – (0.1)% |
| |||||||
Six Flags Entertainment Corp. | (77,869 | ) | (976,477 | ) | ||||
|
| |||||||
Internet & Direct Marketing Retail – (0.1)% |
| |||||||
Etsy, Inc.(a) | (10,714 | ) | (411,846 | ) | ||||
RealReal, Inc. (The)(a) | (61,304 | ) | (429,741 | ) | ||||
|
| |||||||
(841,587 | ) | |||||||
|
|
Company | Shares | U.S. $ Value | ||||||
Multiline Retail – (0.2)% | ||||||||
Macy’s, Inc. | (356,452 | ) | $ | (1,750,179 | ) | |||
|
| |||||||
Textiles, Apparel & Luxury Goods – (0.1)% | ||||||||
Canada Goose Holdings, Inc.(a) | (45,319 | ) | (901,395 | ) | ||||
Oxford Industries, Inc. | (12,048 | ) | (436,861 | ) | ||||
|
| |||||||
(1,338,256 | ) | |||||||
|
| |||||||
(4,906,499 | ) | |||||||
|
| |||||||
Communication Services – (0.1)% | ||||||||
Entertainment – (0.1)% | ||||||||
AMC Entertainment Holdings, Inc. - Class A | (311,791 | ) | (985,260 | ) | ||||
|
| |||||||
Health Care – (0.1)% | ||||||||
Pharmaceuticals – (0.1)% | ||||||||
Canopy Growth Corp.(a) | (62,026 | ) | (894,415 | ) | ||||
|
| |||||||
Financials – (0.1)% | ||||||||
Banks – (0.1)% | ||||||||
HSBC Holdings PLC | (102,853 | ) | (580,788 | ) | ||||
|
| |||||||
Total Securities Sold Short | (19,361,499 | ) | ||||||
|
| |||||||
Total Investments, Net of Securities Sold Short – 95.6% | 913,822,656 | |||||||
Other assets less liabilities – 4.4% | 42,474,979 | |||||||
|
| |||||||
Net Assets – 100.0% | $ | 956,297,635 | ||||||
|
|
FUTURES
Description | Number of Contracts | Expiration Month | Current Notional | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||||||
Sold Contracts |
| |||||||||||||||||||
S&P 500E-Mini Futures | 140 | June 2020 | $ | 17,987,900 | $ | (163,376 | ) |
TOTAL RETURN SWAPS
Counterparty & Referenced Obligation | Rate Paid/ Received | Payment Frequency | Current Notional (000) | Maturity Date | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||
Pay Total Return on Reference Obligation |
| |||||||||||||||||||||||
Morgan Stanley Capital Services LLC |
| |||||||||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 1,925,022 | 03/05/2021 | $ | 547,579 | |||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 1,110,025 | 03/05/2021 | 464,637 | ||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 1,122,484 | 03/05/2021 | 441,690 | ||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 552,231 | 03/05/2021 | 227,303 | ||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 13,498 | 03/05/2021 | 4,745 | ||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 12,311 | 03/05/2021 | 4,738 |
Counterparty & Referenced Obligation | Rate Paid/ Received | Payment Frequency | Current Notional (000) | Maturity Date | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 7,491 | 03/05/2021 | $ | 2,622 | |||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 12,905 | 03/05/2021 | 1,503 | ||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 1,335 | 03/05/2021 | 544 | ||||||||||||||||
MSABBBBD | | FedFundEffective Minus 0.35 | % | Monthly | USD | 13,869 | 03/05/2021 | (119 | ) | |||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 1,137,852 | 03/05/2021 | 436,729 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 1,070,393 | 03/05/2021 | 424,415 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 1,131,248 | 03/05/2021 | 408,803 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 1,137,517 | 03/05/2021 | 399,995 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 1,137,350 | 03/05/2021 | 381,337 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 558,477 | 03/05/2021 | 217,039 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 248,017 | 03/05/2021 | 95,484 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 21,483 | 03/05/2021 | 7,238 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 20,480 | 03/05/2021 | 2,188 | ||||||||||||||||
MSABWARR | | FedFundEffective Minus 0.50 | % | Monthly | USD | 18,892 | 03/05/2021 | (182 | ) | |||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 8.41 | % | Monthly | USD | 183,646 | 03/05/2021 | 39,430 | ||||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 8.40 | % | Monthly | USD | 5,363 | 03/05/2021 | 693 | ||||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 8.41 | % | Monthly | USD | 1,381 | 03/05/2021 | 454 | ||||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 35.09 | % | Monthly | USD | 1,035 | 03/05/2021 | 230 | ||||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 10.39 | % | Monthly | USD | 345 | 03/05/2021 | 46 | ||||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 0.60 | % | Monthly | USD | 2,602 | 03/05/2021 | 28 | ||||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 1.23 | % | Monthly | USD | 770 | 03/05/2021 | (116 | ) | |||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 31.25 | % | Monthly | USD | 1,301 | 03/05/2021 | (165 | ) | |||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 31.25 | % | Monthly | USD | 25,355 | 03/05/2021 | (3,218 | ) | |||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Plus 0.30 | % | Annual | USD | 27,612 | 03/05/2021 | (3,266 | ) | |||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 1.23 | % | Monthly | USD | 320,405 | 03/05/2021 | (78,168 | ) | |||||||||||||||
Peloton Interactive, Inc. | | FedFundEffective Minus 1.23 | % | Monthly | USD | 320,618 | 03/05/2021 | (97,253 | ) | |||||||||||||||
|
| |||||||||||||||||||||||
$ | 3,926,983 | |||||||||||||||||||||||
|
|
(a) | Non-income producing security. |
(b) | Represents entire or partial securities out on loan. |
(c) | Illiquid security. |
(d) | Fair valued by the Adviser. |
(e) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
(f) | Affiliated investments. |
(g) | 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. |
(h) | The rate shown represents the7-day yield as of period end. |
(i) | As of March 31, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $21,346,264 and gross unrealized depreciation of investments was $(66,031,477), resulting in net unrealized depreciation of $(44,685,213). |
Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industrysub-indices as classified by the GICS for each of the market capitalization indices in the broad market. |
Glossary:
ADR – American Depositary Receipt
FedFundEffective – Federal Funds Effective Rate
AB Cap Fund, Inc.
AB Select US Long/Short Portfolio
March 31, 2020 (unaudited)
In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the 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) |
Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.
The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of March 31, 2020:
Investments in Securities: | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets: |
| |||||||||||||||
Common Stocks: | ||||||||||||||||
Information Technology | $ | 116,794,750 | $ | — | $ | — | $ | 116,794,750 | ||||||||
Health Care | 91,614,123 | — | — | 91,614,123 | ||||||||||||
Financials | 81,724,814 | — | — | 81,724,814 | ||||||||||||
Communication Services | 59,263,960 | 2,987,707 | — | 62,251,667 | ||||||||||||
Industrials | 55,679,117 | — | — | 55,679,117 | ||||||||||||
Consumer Staples | 55,258,649 | — | — | 55,258,649 | ||||||||||||
Consumer Discretionary | 45,170,998 | — | — | 45,170,998 | ||||||||||||
Utilities | 19,470,414 | — | — | 19,470,414 | ||||||||||||
Energy | 6,962,557 | — | — | 6,962,557 | ||||||||||||
Materials | 4,751,829 | — | — | 4,751,829 | ||||||||||||
Real Estate | 3,702,935 | — | — | 3,702,935 | ||||||||||||
Preferred Stocks | — | — | 565,747 | 565,747 | ||||||||||||
Short-Term Investments: | ||||||||||||||||
Investment Companies | 382,237,349 | — | — | 382,237,349 | ||||||||||||
U.S. Treasury Bills | — | 6,999,206 | — | 6,999,206 | ||||||||||||
Liabilities:: | ||||||||||||||||
Common Stocks: | ||||||||||||||||
Real Estate | (11,994,537 | ) | — | — | (11,994,537 | ) | ||||||||||
Consumer Discretionary | (4,906,499 | ) | — | — | (4,906,499 | ) | ||||||||||
Communication Services | (985,260 | ) | — | — | (985,260 | ) | ||||||||||
Health Care | (894,415 | ) | — | — | (894,415 | ) | ||||||||||
Financials | — | (580,788 | ) | — | (580,788 | ) | ||||||||||
|
|
|
|
|
|
|
| |||||||||
Total Investments in Securities | 903,850,784 | 9,406,125 | 565,747 | 913,822,656 | ||||||||||||
Other Financial Instruments(a): | ||||||||||||||||
Assets: |
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Total Return Swaps | — | 4,109,470 | — | 4,109,470 | ||||||||||||
Liabilities: | ||||||||||||||||
Futures | (163,376 | ) | — | — | (163,376 | ) | ||||||||||
Total Return Swaps | — | (182,487 | ) | — | (182,487 | ) | ||||||||||
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Total | $ | 903,687,408 | $ | 13,333,108 | $ | 565,747 | $ | 917,586,263 | ||||||||
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(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 Fund’s transactions in AB mutual funds for the nine months ended March 31, 2020 is as follows:
Fund | Market Value 06/30/2019 (000) | Purchases at Cost (000) | Sales Proceeds (000) | Market Value 03/31/2020 (000) | Dividend Income (000) | |||||||||||||||
Government Money Market Portfolio | $ | 374,268 | $ | 290,250 | $ | 282,281 | $ | 382,237 | $ | 5,329 |