AB Cap Fund, Inc.
AB Select US Long/Short Portfolio
Portfolio of Investments
September 30, 2020 (unaudited)
Company | Shares | U.S. $ Value | ||||||
COMMON STOCKS – 60.8% | ||||||||
Information Technology – 14.3% | ||||||||
IT Services – 1.9% | ||||||||
PayPal Holdings, Inc.(a) | 23,146 | $ | 4,560,457 | |||||
Visa, Inc. - Class A | 85,933 | 17,184,022 | ||||||
|
| |||||||
21,744,479 | ||||||||
|
| |||||||
Semiconductors & Semiconductor Equipment – 3.3% | ||||||||
Broadcom, Inc. | 17,157 | 6,250,638 | ||||||
Intel Corp. | 105,146 | 5,444,460 | ||||||
NVIDIA Corp. | 11,187 | 6,054,628 | ||||||
QUALCOMM, Inc. | 60,198 | 7,084,101 | ||||||
Texas Instruments, Inc. | 85,236 | 12,170,848 | ||||||
|
| |||||||
37,004,675 | ||||||||
|
| |||||||
Software – 5.2% | ||||||||
Adobe, Inc.(a) | 11,913 | 5,842,493 | ||||||
Microsoft Corp. | 211,712 | 44,529,385 | ||||||
Oracle Corp. | 34,012 | 2,030,516 | ||||||
salesforce.com, Inc.(a) | 20,832 | 5,235,498 | ||||||
|
| |||||||
57,637,892 | ||||||||
|
| |||||||
Technology Hardware, Storage & Peripherals – 3.9% | ||||||||
Apple, Inc.(b) | 372,505 | 43,139,804 | ||||||
|
| |||||||
159,526,850 | ||||||||
|
| |||||||
Health Care – 8.5% | ||||||||
Biotechnology – 0.4% |
| |||||||
Vertex Pharmaceuticals, Inc.(a) | 13,987 | 3,806,142 | ||||||
|
| |||||||
Health Care Equipment & Supplies – 2.8% | ||||||||
Abbott Laboratories | 102,999 | 11,209,381 | ||||||
Baxter International, Inc. | 103,372 | 8,313,177 | ||||||
Boston Scientific Corp.(a) | 143,129 | 5,468,959 | ||||||
Zimmer Biomet Holdings, Inc. | 48,730 | 6,634,102 | ||||||
|
| |||||||
31,625,619 | ||||||||
|
| |||||||
Health Care Providers & Services – 1.7% | ||||||||
Humana, Inc. | 11,529 | 4,771,738 | ||||||
Quest Diagnostics, Inc. | 27,158 | 3,109,319 | ||||||
UnitedHealth Group, Inc. | 36,914 | 11,508,678 | ||||||
|
| |||||||
19,389,735 | ||||||||
|
| |||||||
Pharmaceuticals – 3.6% | ||||||||
Eli Lilly & Co. | 55,100 | 8,155,902 | ||||||
Johnson & Johnson | 124,313 | 18,507,719 | ||||||
Merck & Co., Inc. | 162,649 | 13,491,735 | ||||||
|
| |||||||
40,155,356 | ||||||||
|
| |||||||
94,976,852 | ||||||||
|
| |||||||
Communication Services – 8.5% | ||||||||
Diversified Telecommunication Services – 1.1% | ||||||||
Anterix, Inc.(a) | 46,426 | 1,518,594 | ||||||
Cellnex Telecom SA(c) | 54,646 | 3,317,155 | ||||||
Comcast Corp. - Class A | 157,201 | 7,272,118 | ||||||
|
| |||||||
12,107,867 | ||||||||
|
|
1
Company | Shares | U.S. $ Value | ||||||
Entertainment – 2.9% | ||||||||
Activision Blizzard, Inc.(b) | 248,506 | $ | 20,116,560 | |||||
Netflix, Inc.(a) | 8,938 | 4,469,268 | ||||||
Vivendi SA | 131,645 | 3,676,695 | ||||||
Walt Disney Co. (The) | 36,747 | 4,559,568 | ||||||
|
| |||||||
32,822,091 | ||||||||
|
| |||||||
Interactive Media & Services – 3.8% | ||||||||
Alphabet, Inc. - Class C(a) (b) | 16,729 | 24,584,939 | ||||||
Facebook, Inc. - Class A(a) | 65,899 | 17,258,948 | ||||||
|
| |||||||
41,843,887 | ||||||||
|
| |||||||
Wireless Telecommunication Services – 0.7% | ||||||||
T-Mobile US, Inc.(a) | 67,355 | 7,702,718 | ||||||
|
| |||||||
94,476,563 | ||||||||
|
| |||||||
Financials – 7.4% | ||||||||
Banks – 3.4% |
| |||||||
Bank of America Corp. | 389,892 | 9,392,498 | ||||||
JPMorgan Chase & Co. | 181,609 | 17,483,499 | ||||||
PNC Financial Services Group, Inc. (The) | 102,354 | 11,249,728 | ||||||
|
| |||||||
38,125,725 | ||||||||
|
| |||||||
Capital Markets – 2.1% | ||||||||
BlackRock, Inc. - Class A | 4,266 | 2,404,104 | ||||||
Charles Schwab Corp. (The) | 130,044 | 4,711,494 | ||||||
Goldman Sachs Group, Inc. (The) | 78,241 | 15,724,094 | ||||||
|
| |||||||
22,839,692 | ||||||||
|
| |||||||
Diversified Financial Services – 1.9% | ||||||||
Berkshire Hathaway, Inc. - Class B(a) | 88,899 | 18,930,153 | ||||||
Pershing Square Tontine Holdings Ltd. - Class A(a) | 83,060 | 1,884,631 | ||||||
|
| |||||||
20,814,784 | ||||||||
|
| |||||||
81,780,201 | ||||||||
|
| |||||||
Consumer Staples – 6.5% | ||||||||
Beverages – 1.0% |
| |||||||
Coca-Cola Co. (The) | 232,401 | 11,473,637 | ||||||
|
| |||||||
Food & Staples Retailing – 2.1% | ||||||||
Albertsons Cos., Inc.(a) (d) | 274,755 | 3,805,357 | ||||||
Costco Wholesale Corp. | 12,559 | 4,458,445 | ||||||
Kroger Co. (The) | 142,602 | 4,835,634 | ||||||
Walmart, Inc. | 74,720 | 10,454,075 | ||||||
|
| |||||||
23,553,511 | ||||||||
|
| |||||||
Food Products – 0.2% | ||||||||
General Mills, Inc. | 37,895 | 2,337,364 | ||||||
|
|
2
Company | Shares | U.S. $ Value | ||||||
Household Products – 2.7% | ||||||||
Procter & Gamble Co. (The) | 211,893 | $ | 29,451,008 | |||||
|
| |||||||
Personal Products – 0.5% | ||||||||
Estee Lauder Cos., Inc. (The) - Class A | 24,495 | 5,346,034 | ||||||
|
| |||||||
72,161,554 | ||||||||
|
| |||||||
Industrials – 6.4% | ||||||||
Aerospace & Defense – 0.6% | ||||||||
Northrop Grumman Corp. | 23,676 | 7,469,541 | ||||||
|
| |||||||
Construction & Engineering – 1.3% | ||||||||
Jacobs Engineering Group, Inc. | 156,950 | 14,560,252 | ||||||
|
| |||||||
Industrial Conglomerates – 1.7% | ||||||||
Honeywell International, Inc. | 113,886 | 18,746,774 | ||||||
|
| |||||||
Road & Rail – 2.8% | ||||||||
Norfolk Southern Corp. | 72,512 | 15,516,843 | ||||||
Union Pacific Corp. | 78,200 | 15,395,234 | ||||||
|
| |||||||
30,912,077 | ||||||||
|
| |||||||
71,688,644 | ||||||||
|
| |||||||
Consumer Discretionary – 5.7% | ||||||||
Hotels, Restaurants & Leisure – 0.5% | ||||||||
McDonald’s Corp. | 24,297 | 5,332,949 | ||||||
|
| |||||||
Internet & Direct Marketing Retail – 3.2% | ||||||||
Alibaba Group Holding Ltd. (Sponsored ADR)(a) | 7,011 | 2,061,094 | ||||||
Amazon.com, Inc.(a) | 9,337 | 29,399,692 | ||||||
Booking Holdings, Inc.(a) | 2,249 | 3,847,319 | ||||||
|
| |||||||
35,308,105 | ||||||||
|
| |||||||
Multiline Retail – 0.3% | ||||||||
Target Corp. | 22,541 | 3,548,404 | ||||||
|
| |||||||
Specialty Retail – 1.7% | ||||||||
Home Depot, Inc. (The) | 41,827 | 11,615,776 | ||||||
Lowe’s Cos., Inc. | 46,264 | 7,673,347 | ||||||
|
| |||||||
19,289,123 | ||||||||
|
| |||||||
63,478,581 | ||||||||
|
| |||||||
Utilities – 2.0% | ||||||||
Electric Utilities – 2.0% | ||||||||
NextEra Energy, Inc. | 60,085 | 16,677,193 | ||||||
NRG Energy, Inc. | 193,360 | 5,943,886 | ||||||
|
| |||||||
22,621,079 | ||||||||
|
| |||||||
Energy – 0.9% | ||||||||
Oil, Gas & Consumable Fuels – 0.9% | ||||||||
Chevron Corp. | 99,522 | 7,165,584 | ||||||
EOG Resources, Inc. | 83,991 | 3,018,637 | ||||||
|
| |||||||
10,184,221 | ||||||||
|
| |||||||
Materials – 0.6% | ||||||||
Containers & Packaging – 0.6% | ||||||||
Berry Global Group, Inc.(a) | 134,528 | 6,500,393 | ||||||
|
| |||||||
Total Common Stocks | 677,394,938 | |||||||
|
|
3
Company | Shares | U.S. $ Value | ||||||
PREFERRED STOCKS – 0.1% | ||||||||
Consumer Discretionary – 0.1% | ||||||||
Household Durables – 0.1% | ||||||||
Honest Co., Inc. (The) - Series D 0.00% (a) (e) (f) | 20,767 | $ | 655,933 | |||||
|
| |||||||
WARRANTS – 0.0% | ||||||||
Financials – 0.0% | ||||||||
Diversified Financial Services – 0.0% | ||||||||
Pershing Square Tontine Holdings Ltd., expiring 07/24/2021(a) | 9,228 | 66,165 | ||||||
|
| |||||||
SHORT-TERM INVESTMENTS – 38.6% | ||||||||
Investment Companies – 38.0% | ||||||||
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.05%(g) (h) (i) | 423,330,068 | 423,330,068 | ||||||
|
| |||||||
Principal Amount (000) | ||||||||
U.S. Treasury Bills – 0.6% | ||||||||
U.S. Treasury Bill Zero Coupon, 11/12/2020 | $ | 7,000 | 6,999,265 | |||||
|
| |||||||
Total Short-Term Investments | 430,329,333 | |||||||
|
| |||||||
Total Investments Before Securities Lending Collateral – 99.5% | 1,108,446,369 | |||||||
|
| |||||||
Shares | ||||||||
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3% | ||||||||
Investment Companies – 0.3% | ||||||||
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.05%(g) (h) (i) | 3,447,745 | 3,447,745 | ||||||
|
| |||||||
Total Investments Before Securities Sold Short – 99.8% | 1,111,894,114 | |||||||
|
| |||||||
SECURITIES SOLD SHORT – (0.5)% | ||||||||
COMMON STOCKS – (0.5)% | ||||||||
Real Estate – (0.2)% | ||||||||
Equity Real Estate Investment Trusts (REITs) – (0.2)% | ||||||||
Acadia Realty Trust | (9,157 | ) | (96,149 | ) | ||||
Agree Realty Corp. | (1,709 | ) | (108,761 | ) |
4
Company | Shares | U.S. $ Value | ||||||
Brixmor Property Group, Inc. | (12,351 | ) | $ | (144,383 | ) | |||
Chatham Lodging Trust | (14,183 | ) | (108,075 | ) | ||||
Empire State Realty Trust, Inc. - Class A | (108,353 | ) | (663,120 | ) | ||||
Kimco Realty Corp. | (12,066 | ) | (135,863 | ) | ||||
Regency Centers Corp. | (3,052 | ) | (116,037 | ) | ||||
SL Green Realty Corp. | (15,851 | ) | (735,011 | ) | ||||
Tanger Factory Outlet Centers, Inc. | (20,307 | ) | (122,451 | ) | ||||
Washington Prime Group, Inc. | (70,343 | ) | (45,540 | ) | ||||
|
| |||||||
(2,275,390 | ) | |||||||
|
| |||||||
Consumer Discretionary – (0.1)% | ||||||||
Automobiles – 0.0% | ||||||||
Ford Motor Co. | (11,354 | ) | (75,618 | ) | ||||
|
| |||||||
Hotels, Restaurants & Leisure – 0.0% | ||||||||
Marriott International, Inc./MD - Class A | (468 | ) | (43,327 | ) | ||||
Six Flags Entertainment Corp. | (4,232 | ) | (85,910 | ) | ||||
|
| |||||||
(129,237 | ) | |||||||
|
| |||||||
Textiles, Apparel & Luxury Goods – (0.1)% | ||||||||
Canada Goose Holdings, Inc.(a) | (32,903 | ) | (1,058,489 | ) | ||||
Oxford Industries, Inc. | (1,058 | ) | (42,701 | ) | ||||
|
| |||||||
(1,101,190 | ) | |||||||
|
| |||||||
(1,306,045 | ) | |||||||
|
| |||||||
Financials – (0.1)% | ||||||||
Banks – 0.0% | ||||||||
HSBC Holdings PLC | (12,363 | ) | (48,301 | ) | ||||
|
| |||||||
Capital Markets – 0.0% | ||||||||
Invesco Ltd. | (8,424 | ) | (96,118 | ) | ||||
|
| |||||||
Consumer Finance – (0.1)% | ||||||||
American Express Co. | (855 | ) | (85,714 | ) | ||||
Capital One Financial Corp. | (1,526 | ) | (109,658 | ) | ||||
Credit Acceptance Corp.(a) | (326 | ) | (110,397 | ) | ||||
Synchrony Financial | (4,700 | ) | (122,999 | ) | ||||
|
| |||||||
(428,768 | ) | |||||||
|
| |||||||
(573,187 | ) | |||||||
|
| |||||||
Health Care – (0.1)% | ||||||||
Health Care Equipment & Supplies – (0.1)% | ||||||||
Intuitive Surgical, Inc.(a) | (163 | ) | (115,655 | ) | ||||
Stryker Corp. | (468 | ) | (97,517 | ) | ||||
|
| |||||||
(213,172 | ) | |||||||
|
| |||||||
Health Care Providers & Services – 0.0% | ||||||||
Laboratory Corp. of America Holdings(a) | (570 | ) | (107,314 | ) | ||||
|
| |||||||
Pharmaceuticals – 0.0% | ||||||||
Canopy Growth Corp.(a) | (5,311 | ) | (76,053 | ) | ||||
|
| |||||||
(396,539 | ) | |||||||
|
| |||||||
Industrials – 0.0% | ||||||||
Aerospace & Defense – 0.0% | ||||||||
TransDigm Group, Inc. | (244 | ) | (115,929 | ) | ||||
|
|
5
Company | Shares | U.S. $ Value | ||||||
Machinery – 0.0% | ||||||||
Colfax Corp.(a) | (3,744 | ) | $ | (117,412 | ) | |||
Snap-on, Inc. | (468 | ) | (68,857 | ) | ||||
|
| |||||||
(186,269 | ) | |||||||
|
| |||||||
(302,198 | ) | |||||||
|
| |||||||
Information Technology – 0.0% | ||||||||
IT Services – 0.0% | ||||||||
Alliance Data Systems Corp. | (2,259 | ) | (94,833 | ) | ||||
Global Payments, Inc. | (509 | ) | (90,388 | ) | ||||
|
| |||||||
(185,221 | ) | |||||||
|
| |||||||
Technology Hardware, Storage & Peripherals – 0.0% | ||||||||
HP, Inc. | (4,334 | ) | (82,303 | ) | ||||
|
| |||||||
(267,524 | ) | |||||||
|
| |||||||
Total Common Stocks | (5,120,883 | ) | ||||||
|
| |||||||
Investment Companies – 0.0% | ||||||||
Funds and Investment Trusts – 0.0% | ||||||||
iShares MSCI Emerging Markets ETF(h) | (2,137 | ) | (94,220 | ) | ||||
|
| |||||||
Total Securities Sold Short | (5,215,103 | ) | ||||||
|
| |||||||
Total Investments, Net of Securities Sold Short – 99.3% | 1,106,679,011 | |||||||
Other assets less liabilities – 0.7% | 8,241,256 | |||||||
|
| |||||||
Net Assets – 100.0% | $ | 1,114,920,267 | ||||||
|
|
FUTURES
Description | Number of Contracts | Expiration Month | Current Notional | Value and Unrealized Appreciation/ (Depreciation) | ||||||||||||||||
Sold Contracts | ||||||||||||||||||||
S&P 500 E-Mini Futures | 21 | December 2020 | $ 3,519,600 | $ | (21,057) |
TOTAL RETURN SWAPS
Counterparty & 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 | |||||||||||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 4 | 03/05/2021 | $ | (42 | ) | |||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 46 | 03/05/2021 | (598 | ) | ||||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 25 | 03/05/2021 | 1,088 |
6
Counterparty & Obligation | Rate Paid/ Received | Payment Frequency | Current Notional (000) | Maturity Date | Unrealized Appreciation/ (Depreciation) | |||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 2,872 | 03/05/2021 | $ | (153,043 | ) | ||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 1,313 | 03/05/2021 | 182,215 | ||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 26 | 03/05/2021 | 2,383 | ||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 321 | 03/05/2021 | 28,566 | ||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 1 | 03/05/2021 | (102 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 50 | 03/05/2021 | (3,269 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 25 | 03/05/2021 | (2,428 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 23 | 03/05/2021 | (4,457 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 25 | 03/05/2021 | (3,287 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 24 | 03/05/2021 | (1,390 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 26 | 03/05/2021 | 181 | ||||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 36 | 03/05/2021 | (1,088 | ) | |||||||||||||||||||
MSABWARR | FedFundEffective Minus 0.50% | Monthly | USD | 1,694 | 03/05/2021 | 30,396 | ||||||||||||||||||||
|
| |||||||||||||||||||||||||
$ | 75,125 | |||||||||||||||||||||||||
|
|
(a) | Non-income producing security. |
(b) | Position, or a portion thereof, has been segregated to collateralize short sales. |
(c) | Security is exempt from registration under Rule 144A of the Securities Act of 1933. This security is considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2020, the market value of this security amounted to $3,317,155 or 0.3% of net assets. |
(d) | Represents entire or partial securities out on loan. |
(e) | Fair valued by the Adviser. |
(f) | Security in which significant unobservable inputs (Level 3) were used in determining fair value. |
(g) | Affiliated investments. |
(h) | 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. |
(i) | The rate shown represents the 7-day yield as of period end. |
(j) | As of September 30, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $78,326,544 and gross unrealized depreciation of investments was $(9,419,009), resulting in net unrealized appreciation of $68,907,535. |
Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market. |
Glossary:
ADR – American Depositary Receipt
ETF – Exchange Traded Fund
FedFundEffective – Federal Funds Effective Rate
MSCI – Morgan Stanley Capital International
7
AB Cap Fund, Inc.
AB Select US Long/Short Portfolio
September 30, 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 September 30, 2020:
Investments in Securities: | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Assets: | ||||||||||||||||
Common Stocks: | ||||||||||||||||
Information Technology | $ | 159,526,850 | $ | — | $ | — | $ | 159,526,850 | ||||||||
Health Care | 94,976,852 | — | — | 94,976,852 | ||||||||||||
Communication Services | 87,482,713 | 6,993,850 | — | 94,476,563 | ||||||||||||
Financials | 81,780,201 | — | — | 81,780,201 | ||||||||||||
Consumer Staples | 72,161,554 | — | — | 72,161,554 | ||||||||||||
Industrials | 71,688,644 | — | — | 71,688,644 | ||||||||||||
Consumer Discretionary | 63,478,581 | — | — | 63,478,581 | ||||||||||||
Utilities | 22,621,079 | — | — | 22,621,079 | ||||||||||||
Energy | 10,184,221 | — | — | 10,184,221 | ||||||||||||
Materials | 6,500,393 | — | — | 6,500,393 | ||||||||||||
Preferred Stocks | — | — | 655,933 | 655,933 | ||||||||||||
Warrants | 66,165 | — | — | 66,165 | ||||||||||||
Short-Term Investments: | ||||||||||||||||
Investment Companies | 423,330,068 | — | — | 423,330,068 | ||||||||||||
U.S. Treasury Bills | — | 6,999,265 | — | 6,999,265 |
8
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund | 3,447,745 | — | — | 3,447,745 | ||||||||||||
Liabilities: | ||||||||||||||||
Common Stocks: | ||||||||||||||||
Real Estate | (2,275,390 | ) | — | — | (2,275,390 | ) | ||||||||||
Consumer Discretionary | (1,306,045 | ) | — | — | (1,306,045 | ) | ||||||||||
Financials | (524,886 | ) | (48,301 | ) | — | (573,187 | ) | |||||||||
Health Care | (396,539 | ) | — | — | (396,539 | ) | ||||||||||
Industrials | (302,198 | ) | — | — | (302,198 | ) | ||||||||||
Information Technology | (267,524 | ) | — | — | (267,524 | ) | ||||||||||
Investment Companies | (94,220 | ) | — | — | (94,220 | ) | ||||||||||
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Total Investments in Securities | 1,092,078,264 | 13,944,814 | 655,933 | 1,106,679,011 | ||||||||||||
Other Financial Instruments(a): | ||||||||||||||||
Assets: | ||||||||||||||||
Total Return Swaps | — | 244,829 | — | 244,829 | ||||||||||||
Liabilities: | ||||||||||||||||
Futures | (21,057 | ) | — | — | (21,057 | ) | ||||||||||
Total Return Swaps | — | (169,704 | ) | — | (169,704 | ) | ||||||||||
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Total | $ | 1,092,057,207 | $ | 14,019,939 | $ | 655,933 | $ | 1,106,733,079 | ||||||||
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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 three months ended September 30, 2020 is as follows:
Fund | Market Value 06/30/2020 (000) | Purchases at Cost (000) | Sales Proceeds (000) | Market Value 09/30/2020 (000) | Dividend Income (000) | |||||||||||||||
Government Money Market Portfolio | $ | 315,671 | $ | 189,043 | $ | 81,384 | $ | 423,330 | $ | 78 | ||||||||||
Government Money Market Portfolio* | — | 6,862 | 3,414 | 3,448 | 0 | ** | ||||||||||||||
Total | $ | 315,671 | $ | 195,905 | $ | 84,798 | $ | 426,778 | $ | 78 |
* | Investments of cash collateral for securities lending transactions. |
** | Amount less than $500. |
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