Ab Variable Products Series Fund NPORT-P/A AB Global Risk Allocation-Moderate Portfolio (Sep 2022 report)

AB Variable Products Series Fund, Inc.

AB Global Risk Allocation-Moderate Portfolio

Portfolio of Investments

September 30, 2022 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 55.8%
Information Technology – 11.8%
Communications Equipment – 0.4%
Arista Networks, Inc.(a)		2,622	$	295,997
Cisco Systems, Inc.		44,051		1,762,040
F5, Inc.(a)		634		91,759
Juniper Networks, Inc.		3,432		89,644
Motorola Solutions, Inc.		1,775		397,547
Nokia Oyj		55,525		238,372
Telefonaktiebolaget LM Ericsson - Class B		29,407		171,897
				3,047,256
Electronic Equipment, Instruments & Components – 0.5%
Amphenol Corp. - Class A		6,328		423,723
Azbil Corp.(b)		1,243		32,401
CDW Corp./DE		1,439		224,599
Corning, Inc.		8,093		234,859
Halma PLC		3,825		86,033
Hamamatsu Photonics KK		1,413		60,564
Hexagon AB - Class B		19,610		183,140
Hirose Electric Co., Ltd.		326		42,753
Ibiden Co., Ltd.(b)		1,205		32,943
Keyence Corp.		1,997		660,129
Keysight Technologies, Inc.(a)		1,914		301,187
Kyocera Corp.		3,322		167,358
Murata Manufacturing Co., Ltd.		5,966		274,598
Omron Corp.		1,974		90,443
Shimadzu Corp.		2,386		62,600
TDK Corp.		4,060		125,334
TE Connectivity Ltd.		3,402		375,445
Teledyne Technologies, Inc.(a)		499		168,398
Trimble, Inc.(a)		2,635		143,001
Venture Corp. Ltd.		2,790		31,703
Yaskawa Electric Corp.(b)		2,418		69,585
Yokogawa Electric Corp.		2,300		36,235
Zebra Technologies Corp. - Class A(a)		551		144,368
				3,971,399
IT Services – 2.0%
Accenture PLC - Class A		6,729		1,731,372
Adyen NV(a) (b) (c)		225		280,611
Akamai Technologies, Inc.(a)		1,691		135,821
Amadeus IT Group SA(a)		4,617		214,056
Automatic Data Processing, Inc.		4,420		999,760
Bechtle AG		825		29,658
Broadridge Financial Solutions, Inc.		1,247		179,967
Capgemini SE		1,681		269,129
Cognizant Technology Solutions Corp. - Class A		5,508		316,380
Computershare Ltd.		5,474		87,311
DXC Technology Co.(a)		2,445		59,854
Edenred		2,613		120,383
EPAM Systems, Inc.(a)		610		220,936
Fidelity National Information Services, Inc.		6,468		488,787
Fiserv, Inc.(a)		6,804		636,650
FleetCor Technologies, Inc.(a)		798		140,584

1

Company	Shares		U.S. $ Value
Fujitsu Ltd.		2,015	$	220,949
Gartner, Inc.(a)		841		232,696
Global Payments, Inc.		2,948		318,531
GMO Payment Gateway, Inc.(b)		424		29,066
International Business Machines Corp.		9,608		1,141,526
Itochu Techno-Solutions Corp.		967		22,668
Jack Henry & Associates, Inc.		775		141,259
Mastercard, Inc. - Class A		9,077		2,580,954
NEC Corp.		2,474		79,218
Nexi SpA(a) (b) (c)		5,280		42,652
Nomura Research Institute Ltd.		3,384		82,648
NTT Data Corp.		6,358		82,127
Obic Co., Ltd.		736		98,693
Otsuka Corp.		1,148		35,803
Paychex, Inc.		3,408		382,412
PayPal Holdings, Inc.(a)		12,303		1,058,919
SCSK Corp.		1,574		23,829
TIS, Inc.		2,330		61,861
VeriSign, Inc.(a)		993		172,484
Visa, Inc. - Class A		17,393		3,089,866
Wix.com Ltd.(a)		641		50,145
Worldline SA/France(a) (c)		2,518		99,526
				15,959,091
Semiconductors & Semiconductor Equipment – 2.3%
Advanced Micro Devices, Inc.(a)		17,173		1,088,081
Advantest Corp.(b)		1,927		88,990
Analog Devices, Inc.		5,530		770,550
Applied Materials, Inc.		9,254		758,180
ASM International NV		488		109,267
ASML Holding NV		4,171		1,727,957
Broadcom, Inc.		4,296		1,907,467
Disco Corp.		310		68,340
Enphase Energy, Inc.(a)		1,441		399,834
Infineon Technologies AG		13,326		291,626
Intel Corp.		43,680		1,125,634
KLA Corp.		1,509		456,669
Lam Research Corp.		1,457		533,262
Lasertec Corp.(b)		797		80,164
Microchip Technology, Inc.		5,877		358,673
Micron Technology, Inc.		11,735		587,924
Monolithic Power Systems, Inc.		473		171,888
NVIDIA Corp.		26,638		3,233,587
NXP Semiconductors NV		2,793		411,995
ON Semiconductor Corp.(a)		4,609		287,279
Qorvo, Inc.(a)		1,098		87,192
QUALCOMM, Inc.		11,946		1,349,659
Renesas Electronics Corp.(a)		11,966		100,314
Rohm Co., Ltd.		951		62,325
Skyworks Solutions, Inc.		1,707		145,556
SolarEdge Technologies, Inc.(a)		592		137,024
STMicroelectronics NV		7,009		217,820
SUMCO Corp.		3,351		39,043
Teradyne, Inc.		1,668		125,350
Texas Instruments, Inc.		9,720		1,504,462
Tokyo Electron Ltd.		1,536		378,463
Tower Semiconductor Ltd.(a)		1,109		48,409
				18,652,984

2

Company	Shares		U.S. $ Value
Software – 3.7%
Adobe, Inc.(a)		4,979	$	1,370,221
ANSYS, Inc.(a)		926		205,294
Autodesk, Inc.(a)		2,311		431,695
AVEVA Group PLC		1,215		41,920
Cadence Design Systems, Inc.(a)		2,913		476,072
Ceridian HCM Holding, Inc.(a)		1,628		90,973
Check Point Software Technologies Ltd.(a)		1,070		119,861
Citrix Systems, Inc.		1,327		137,875
CyberArk Software Ltd.(a)		434		65,074
Dassault Systemes SE		6,821		235,496
Fortinet, Inc.(a)		6,962		342,043
Intuit, Inc.		3,001		1,162,347
Microsoft Corp.		79,336		18,477,354
Nemetschek SE		581		27,578
Nice Ltd.(a)		661		124,383
NortonLifeLock, Inc.		6,145		123,760
Oracle Corp.		16,159		986,830
Oracle Corp.Japan		387		20,513
Paycom Software, Inc.(a)		517		170,605
PTC, Inc.(a)		1,125		117,675
Roper Technologies, Inc.		1,128		405,674
Sage Group PLC (The)		10,307		79,432
Salesforce, Inc.(a)		10,585		1,522,546
SAP SE		10,715		873,220
ServiceNow, Inc.(a)		2,149		811,484
Synopsys, Inc.(a)		1,627		497,065
Temenos AG (REG)		677		45,641
Trend Micro, Inc./Japan		1,437		77,401
Tyler Technologies, Inc.(a)		442		153,595
WiseTech Global Ltd.		1,473		48,127
Xero Ltd.(a)		1,438		66,546
				29,308,300
Technology Hardware, Storage & Peripherals – 2.9%
Apple, Inc.		160,701		22,208,878
Brother Industries Ltd.		2,377		41,066
Canon, Inc.		10,295		224,869
FUJIFILM Holdings Corp.		3,723		170,047
Hewlett Packard Enterprise Co.		13,822		165,588
HP, Inc.		9,681		241,251
Logitech International SA (REG)(b)		1,847		84,440
NetApp, Inc.		2,338		144,605
Ricoh Co., Ltd.		5,831		42,696
Seagate Technology Holdings PLC		2,078		110,612
Seiko Epson Corp.(b)		2,818		38,478
Western Digital Corp.(a)		3,331		108,424
				23,580,954
				94,519,984

3

Company	Shares		U.S. $ Value
Health Care – 8.2%
Biotechnology – 1.1%
AbbVie, Inc.		18,809	$	2,524,356
Amgen, Inc.		5,691		1,282,751
Argenx SE(a)		565		204,049
Biogen, Inc.(a)		1,544		412,248
CSL Ltd.		4,943		898,969
Genmab A/S(a)		678		218,115
Gilead Sciences, Inc.		13,333		822,513
Grifols SA(a) (b)		3,005		25,961
Incyte Corp.(a)		1,964		130,881
Moderna, Inc.(a)		3,579		423,217
Regeneron Pharmaceuticals, Inc.(a)		1,140		785,312
Swedish Orphan Biovitrum AB(a)		1,717		33,184
Vertex Pharmaceuticals, Inc.(a)		2,728		789,865
				8,551,421
Health Care Equipment & Supplies – 1.4%
Abbott Laboratories		18,629		1,802,542
ABIOMED, Inc.(a)		484		118,899
Alcon, Inc.		5,179		300,825
Align Technology, Inc.(a)		773		160,096
Asahi Intecc Co., Ltd.(b)		2,189		34,911
Baxter International, Inc.		5,357		288,528
Becton Dickinson and Co.		3,034		676,066
BioMerieux		475		37,573
Boston Scientific Corp.(a)		15,229		589,819
Carl Zeiss Meditec AG		450		46,743
Cochlear Ltd.		695		86,331
Coloplast A/S - Class B		1,240		126,014
Cooper Cos., Inc. (The)		525		138,548
Demant A/S(a)		964		23,831
DENTSPLY SIRONA, Inc.		2,292		64,978
Dexcom, Inc.(a)		4,176		336,335
DiaSorin SpA(b)		292		32,585
Edwards Lifesciences Corp.(a)		6,595		544,945
Fisher & Paykel Healthcare Corp., Ltd.		5,813		60,251
Getinge AB - Class B		2,304		39,401
GN Store Nord AS		1,388		24,313
Hologic, Inc.(a)		2,656		171,365
Hoya Corp.		3,772		363,464
IDEXX Laboratories, Inc.(a)		886		288,659
Intuitive Surgical, Inc.(a)		3,799		712,085
Koninklijke Philips NV(b)		8,984		138,322
Medtronic PLC		14,135		1,141,401
Olympus Corp.		12,545		241,337
ResMed, Inc.		1,558		340,111
Siemens Healthineers AG(c)		2,928		125,598
Smith & Nephew PLC		8,859		102,258
Sonova Holding AG (REG)		556		122,354
STERIS PLC		1,064		176,922
Straumann Holding AG (REG)		1,185		108,380
Stryker Corp.		3,582		725,498
Sysmex Corp.		1,777		94,956
Teleflex, Inc.		499		100,529
Terumo Corp.		6,668		187,439
Zimmer Biomet Holdings, Inc.		2,232		233,356
				10,907,568

4

Company	Shares		U.S. $ Value
Health Care Providers & Services – 1.5%
AmerisourceBergen Corp.		1,654	$	223,836
Amplifon SpA		1,254		32,672
Cardinal Health, Inc.		2,898		193,239
Centene Corp.(a)		6,080		473,085
Cigna Corp.		3,246		900,668
CVS Health Corp.		13,966		1,331,937
DaVita, Inc.(a)		592		49,000
Elevance Health, Inc.		2,553		1,159,675
Fresenius Medical Care AG & Co. KGaA		2,066		58,205
Fresenius SE & Co. KGaA		4,219		89,929
HCA Healthcare, Inc.		2,290		420,879
Henry Schein, Inc.(a)		1,448		95,235
Humana, Inc.		1,346		653,066
Laboratory Corp. of America Holdings		962		197,027
McKesson Corp.		1,529		519,661
Molina Healthcare, Inc.(a)		618		203,841
Quest Diagnostics, Inc.		1,240		152,135
Ramsay Health Care Ltd.(b)		1,844		67,689
Sonic Healthcare Ltd.		4,591		89,548
UnitedHealth Group, Inc.		9,951		5,025,653
Universal Health Services, Inc. - Class B		699		61,638
				11,998,618
Health Care Technology – 0.0%
M3, Inc.		4,607		128,636
Life Sciences Tools & Services – 0.8%
Agilent Technologies, Inc.		3,178		386,286
Bachem Holding AG (REG)(b)		399		25,094
Bio-Rad Laboratories, Inc. - Class A(a)		228		95,108
Bio-Techne Corp.		417		118,428
Charles River Laboratories International, Inc.(a)		541		106,469
Danaher Corp.		6,965		1,798,990
Eurofins Scientific SE		1,409		83,644
Illumina, Inc.(a)		1,671		318,810
IQVIA Holdings, Inc.(a)		1,984		359,382
Lonza Group AG (REG)		767		373,445
Mettler-Toledo International, Inc.(a)		239		259,105
PerkinElmer, Inc.		1,343		161,603
QIAGEN NV(a)		2,325		96,823
Sartorius AG (Preference Shares)		261		90,281
Sartorius Stedim Biotech		294		90,181
Thermo Fisher Scientific, Inc.		4,168		2,113,968
Waters Corp.(a)		637		171,691
West Pharmaceutical Services, Inc.		788		193,911
				6,843,219
Pharmaceuticals – 3.4%
Astellas Pharma, Inc.		18,758		248,493
AstraZeneca PLC		15,899		1,747,768
Bayer AG		10,081		464,477

5

Company	Shares		U.S. $ Value
Bristol-Myers Squibb Co.		22,715	$	1,614,809
Catalent, Inc.(a)		1,906		137,918
Chugai Pharmaceutical Co., Ltd.		6,969		174,107
Daiichi Sankyo Co., Ltd.		18,008		503,339
Eisai Co., Ltd.		2,562		137,475
Eli Lilly & Co.		8,390		2,712,906
GSK PLC		41,732		602,723
Hikma Pharmaceuticals PLC		1,400		21,102
Ipsen SA		431		39,889
Johnson & Johnson		27,969		4,569,016
Kyowa Kirin Co., Ltd.		2,720		62,539
Merck & Co., Inc.		26,949		2,320,848
Merck KGaA		1,329		215,139
Nippon Shinyaku Co., Ltd.		495		25,256
Novartis AG (REG)		22,198		1,692,307
Novo Nordisk A/S - Class B		16,986		1,692,108
Ono Pharmaceutical Co., Ltd.		3,726		87,035
Organon & Co.		2,706		63,320
Orion Oyj - Class B		1,070		45,055
Otsuka Holdings Co., Ltd.		4,092		129,573
Pfizer, Inc.		59,705		2,612,691
Recordati Industria Chimica e Farmaceutica SpA		1,053		38,538
Roche Holding AG(b)		285		111,330
Roche Holding AG (Genusschein)		7,209		2,346,764
Sanofi		11,684		889,695
Shionogi & Co., Ltd.		2,770		133,775
Takeda Pharmaceutical Co., Ltd.		15,463		401,540
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		11,113		89,682
UCB SA		1,330		92,299
Viatris, Inc.		12,899		109,899
Zoetis, Inc.		4,980		738,484
				26,871,899
				65,301,361
Financials – 7.2%
Banks – 2.9%
ABN AMRO Bank NV(c)		4,261		38,180
Australia & New Zealand Banking Group Ltd.		30,612		448,123
Banco Bilbao Vizcaya Argentaria SA		68,417		306,908
Banco Santander SA		174,712		406,537
Bank Hapoalim BM		12,904		108,928
Bank Leumi Le-Israel BM		15,840		135,286
Bank of America Corp.		74,366		2,245,853
Barclays PLC		171,800		273,357
BNP Paribas SA		11,434		482,963
BOC Hong Kong Holdings Ltd.		37,283		123,993
CaixaBank SA		44,667		143,867
Chiba Bank Ltd. (The)(b)		5,340		28,918
Citigroup, Inc.		20,603		858,527
Citizens Financial Group, Inc.		5,273		181,180
Comerica, Inc.		1,392		98,971
Commerzbank AG(a)		10,819		77,021

6

Company	Shares		U.S. $ Value
Commonwealth Bank of Australia		17,509	$	1,018,585
Concordia Financial Group Ltd.		10,968		34,038
Credit Agricole SA		11,929		96,840
Danske Bank A/S		6,949		86,492
DBS Group Holdings Ltd.		18,681		432,154
DNB Bank ASA		9,372		148,715
Erste Group Bank AG		3,464		75,938
Fifth Third Bancorp		7,300		233,308
FinecoBank Banca Fineco SpA		6,144		75,881
First Republic Bank/CA		1,944		253,789
Hang Seng Bank Ltd.		7,704		117,043
HSBC Holdings PLC		205,840		1,065,810
Huntington Bancshares, Inc./OH		15,342		202,208
ING Groep NV		40,087		343,483
Intesa Sanpaolo SpA		169,464		280,127
Israel Discount Bank Ltd. - Class A		12,463		62,755
Japan Post Bank Co., Ltd.		4,155		29,044
JPMorgan Chase & Co.		31,197		3,260,087
KBC Group NV		2,598		123,285
KeyCorp		9,922		158,950
Lloyds Banking Group PLC		706,247		319,215
M&T Bank Corp.		1,868		329,366
Mediobanca Banca di Credito Finanziario SpA		5,771		45,157
Mitsubishi UFJ Financial Group, Inc.		122,654		555,638
Mizrahi Tefahot Bank Ltd.		1,577		55,209
Mizuho Financial Group, Inc.		24,751		267,920
National Australia Bank Ltd.		32,994		610,907
Natwest Group PLC		54,918		136,785
Nordea Bank Abp		34,994		299,487
Oversea-Chinese Banking Corp., Ltd.		34,743		284,680
PNC Financial Services Group, Inc. (The)		4,363		651,919
Regions Financial Corp.		9,940		199,496
Resona Holdings, Inc.		22,172		81,138
Shizuoka Bank Ltd. (The)(a) (b) (d) (e)		4,497		27,203
Signature Bank/New York NY		669		101,019
Skandinaviska Enskilda Banken AB - Class A		16,397		156,276
Societe Generale SA		8,188		161,927
Standard Chartered PLC		25,642		160,379
Sumitomo Mitsui Financial Group, Inc.		13,480		373,686
Sumitomo Mitsui Trust Holdings, Inc.		3,403		96,780
SVB Financial Group(a)		628		210,870
Svenska Handelsbanken AB - Class A		14,695		120,631
Swedbank AB - Class A		9,124		119,759
Truist Financial Corp.		14,110		614,349
UniCredit SpA		20,841		210,996
United Overseas Bank Ltd.		12,149		220,050
US Bancorp		14,383		579,923
Wells Fargo & Co.		40,350		1,622,877
Westpac Banking Corp.		35,931		475,367
Zions Bancorp NA		1,601		81,427
				23,227,580
Capital Markets – 1.6%
3i Group PLC		9,805		117,733
Abrdn PLC		21,971		33,609
Ameriprise Financial, Inc.		1,151		289,995
Amundi SA(c)		613		25,520

7

Company	Shares		U.S. $ Value
ASX Ltd.(b)		2,054	$	94,532
Bank of New York Mellon Corp. (The)		7,823		301,342
BlackRock, Inc.		1,604		882,649
Cboe Global Markets, Inc.		1,128		132,393
Charles Schwab Corp. (The)		16,244		1,167,456
CME Group, Inc.		3,824		677,345
Credit Suisse Group AG (REG)		26,517		104,890
Daiwa Securities Group, Inc.(b)		13,519		53,061
Deutsche Bank AG (REG)		20,823		154,173
Deutsche Boerse AG		1,973		323,427
EQT AB(b)		2,981		57,599
Euronext NV(c)		936		59,236
FactSet Research Systems, Inc.		404		161,644
Franklin Resources, Inc.(b)		3,022		65,033
Futu Holdings Ltd. (ADR)(a) (b)		656		24,462
Goldman Sachs Group, Inc. (The)		3,631		1,064,065
Hargreaves Lansdown PLC		3,584		34,324
Hong Kong Exchanges & Clearing Ltd.		12,389		423,486
Intercontinental Exchange, Inc.		5,941		536,769
Invesco Ltd.		4,839		66,294
Japan Exchange Group, Inc.		5,165		69,805
Julius Baer Group Ltd.(a)		2,328		101,592
London Stock Exchange Group PLC		3,426		289,322
Macquarie Group Ltd.		3,749		365,753
MarketAxess Holdings, Inc.		400		88,996
Moody’s Corp.		1,679		408,182
Morgan Stanley		14,246		1,125,577
MSCI, Inc.		856		361,052
Nasdaq, Inc.		3,606		204,388
Nomura Holdings, Inc.(b)		29,578		97,988
Northern Trust Corp.		2,217		189,687
Partners Group Holding AG		233		187,515
Raymond James Financial, Inc.		2,066		204,162
S&P Global, Inc.		3,624		1,106,588
SBI Holdings, Inc./Japan(b)		2,467		44,271
Schroders PLC		7,364		31,653
Singapore Exchange Ltd.		8,097		53,119
St. James’s Place PLC		5,443		61,986
State Street Corp.		3,911		237,828
T. Rowe Price Group, Inc.		2,401		252,129
UBS Group AG (REG)		36,090		523,592
				12,856,222
Consumer Finance – 0.2%
American Express Co.		6,381		860,861
Capital One Financial Corp.		4,083		376,330
Discover Financial Services		2,906		264,213
Synchrony Financial		5,125		144,474
				1,645,878
Diversified Financial Services – 0.8%
Berkshire Hathaway, Inc. - Class B(a)		19,200		5,126,784
Eurazeo SE		464		24,212
EXOR NV(a) (d) (e)		1,169		75,019
Groupe Bruxelles Lambert NV		1,033		72,243

8

Company	Shares		U.S. $ Value
Industrivarden AB - Class A		1,313	$	26,447
Industrivarden AB - Class C		1,637		32,649
Investor AB - Class A		5,024		76,986
Investor AB - Class B		18,694		272,768
Kinnevik AB - Class B(a)		2,439		31,965
L E Lundbergforetagen AB - Class B		765		27,617
M&G PLC		26,194		48,253
Mitsubishi HC Capital, Inc.(b)		6,650		28,583
ORIX Corp.		12,038		168,641
Sofina SA(b)		177		30,548
Wendel SE		270		19,325
				6,062,040
Insurance – 1.7%
Admiral Group PLC		1,781		37,835
Aegon NV(b)		18,038		71,701
Aflac, Inc.		6,117		343,775
Ageas SA/NV		1,677		61,163
AIA Group Ltd.		123,589		1,028,990
Allianz SE (REG)		4,191		660,226
Allstate Corp. (The)		2,875		358,024
American International Group, Inc.		8,089		384,066
Aon PLC - Class A		2,244		601,100
Arthur J Gallagher & Co.		2,238		383,190
Assicurazioni Generali SpA(b)		11,150		152,246
Assurant, Inc.		566		82,223
Aviva PLC		28,121		120,606
AXA SA		19,178		418,711
Baloise Holding AG (REG)		490		62,610
Brown & Brown, Inc.		2,494		150,837
Chubb Ltd.		4,443		808,093
Cincinnati Financial Corp.		1,694		151,732
Dai-ichi Life Holdings, Inc.		9,968		158,494
Everest Re Group Ltd.		419		109,962
Gjensidige Forsikring ASA		2,015		34,576
Globe Life, Inc.		964		96,111
Hannover Rueck SE		641		96,089
Hartford Financial Services Group, Inc. (The)		3,438		212,950
Insurance Australia Group Ltd.		24,836		73,471
Japan Post Holdings Co., Ltd.		23,954		158,700
Japan Post Insurance Co., Ltd.		2,013		28,194
Legal & General Group PLC		60,150		143,577
Lincoln National Corp.		1,648		72,364
Loews Corp.		2,127		106,010
Marsh & McLennan Cos., Inc.		5,309		792,581
Medibank Pvt Ltd.		27,747		62,019
MetLife, Inc.		7,127		433,179
MS&AD Insurance Group Holdings, Inc.		4,657		123,330
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (REG)		1,452		349,526
NN Group NV		2,908		113,104
Phoenix Group Holdings PLC		7,049		41,052
Poste Italiane SpA(c)		5,263		39,762
Principal Financial Group, Inc.		2,466		177,922
Progressive Corp. (The)		6,222		723,059
Prudential Financial, Inc.		3,957		339,431
Prudential PLC		28,209		276,099

9

Company	Shares		U.S. $ Value
QBE Insurance Group Ltd.		14,876	$	110,375
Sampo Oyj - Class A		4,914		209,787
Sompo Holdings, Inc.		3,270		130,837
Suncorp Group Ltd.		12,721		82,088
Swiss Life Holding AG (REG)		326		144,031
Swiss Re AG		3,099		228,564
T&D Holdings, Inc.		5,340		50,757
Tokio Marine Holdings, Inc.(b)		18,840		334,846
Travelers Cos., Inc. (The)		2,525		386,830
Tryg A/S		3,627		74,875
Willis Towers Watson PLC		1,170		235,100
WR Berkley Corp.		2,173		140,332
Zurich Insurance Group AG		1,544		615,516
				13,382,628
				57,174,348
Consumer Discretionary – 6.5%
Auto Components – 0.1%
Aisin Corp.(b)		1,484		38,198
Aptiv PLC(a)		2,882		225,401
BorgWarner, Inc.		2,519		79,097
Bridgestone Corp.		5,879		190,132
Cie Generale des Etablissements Michelin SCA		6,988		156,571
Continental AG		1,197		53,115
Denso Corp.		4,451		203,514
Koito Manufacturing Co., Ltd.		2,104		28,766
Sumitomo Electric Industries Ltd.		7,148		72,563
Valeo		2,088		31,549
				1,078,906
Automobiles – 1.5%
Bayerische Motoren Werke AG		3,394		230,037
Bayerische Motoren Werke AG (Preference Shares)		653		42,405
Ferrari NV		1,295		239,816
Ford Motor Co.		42,013		470,546
General Motors Co.		15,511		497,748
Honda Motor Co., Ltd.		16,629		360,945
Isuzu Motors Ltd.		5,874		64,951
Mazda Motor Corp.		5,729		38,041
Mercedes-Benz Group AG		8,244		416,875
Nissan Motor Co., Ltd.		23,388		75,371
Porsche Automobil Holding SE (Preference Shares)		1,606		90,487
Renault SA(a)		1,936		52,380
Stellantis NV		22,287		263,264
Subaru Corp.		6,199		93,681
Suzuki Motor Corp.		3,856		120,038
Tesla, Inc.(a)		28,334		7,515,594
Toyota Motor Corp.		108,812		1,422,221
Volkswagen AG		326		53,128
Volkswagen AG (Preference Shares)		1,935		236,441
Volvo Car AB - Class B(a)		6,056		26,279
Yamaha Motor Co., Ltd.		2,999		56,189
				12,366,437

10

Company	Shares		U.S. $ Value
Distributors – 0.1%
D’ieteren Group		253	$	35,648
Genuine Parts Co.		1,505		224,727
LKQ Corp.		2,773		130,747
Pool Corp.		421		133,966
				525,088
Diversified Consumer Services – 0.0%
IDP Education Ltd.(b)		2,103		35,327
Hotels, Restaurants & Leisure – 1.0%
Accor SA(a)		1,714		35,884
Aristocrat Leisure Ltd.		6,071		128,017
Booking Holdings, Inc.(a)		422		693,435
Caesars Entertainment, Inc.(a)		2,281		73,585
Carnival Corp.(a)		10,500		73,815
Chipotle Mexican Grill, Inc.(a)		295		443,314
Compass Group PLC		18,199		362,386
Darden Restaurants, Inc.		1,304		164,721
Domino’s Pizza Enterprises Ltd.(b)		610		20,097
Domino’s Pizza, Inc.		382		118,496
Entain PLC		5,908		70,639
Evolution AB(c)		1,922		151,929
Expedia Group, Inc.(a)		1,617		151,497
Flutter Entertainment PLC(a)		1,722		189,819
Galaxy Entertainment Group Ltd.		21,942		128,973
Genting Singapore Ltd.		60,925		33,109
Hilton Worldwide Holdings, Inc.		2,918		351,969
InterContinental Hotels Group PLC		1,927		92,808
La Francaise des Jeux SAEM(c)		1,096		32,512
Las Vegas Sands Corp.(a)		3,495		131,132
Lottery Corp. Ltd. (The)(a)		22,425		60,098
Marriott International, Inc./MD - Class A		2,935		411,311
McDonald’s Corp.		7,827		1,806,002
McDonald’s Holdings Co. Japan Ltd.		929		32,369
MGM Resorts International		3,471		103,158
Norwegian Cruise Line Holdings Ltd.(a)		4,483		50,927
Oriental Land Co., Ltd./Japan(b)		2,084		282,650
Royal Caribbean Cruises Ltd.(a)		2,333		88,421
Sands China Ltd.(a)		24,462		60,916
Sodexo SA		953		71,570
Starbucks Corp.		12,206		1,028,477
Whitbread PLC		2,035		51,584
Wynn Resorts Ltd.(a)		1,101		69,396
Yum! Brands, Inc.		3,027		321,891
				7,886,907
Household Durables – 0.3%
Barratt Developments PLC		10,300		38,928
Berkeley Group Holdings PLC		1,131		41,322
DR Horton, Inc.		3,364		226,565
Electrolux AB - Class B(b)		1,832		19,041

11

Company	Shares		U.S. $ Value
Garmin Ltd.		1,641	$	131,789
Iida Group Holdings Co., Ltd.		1,483		20,074
Lennar Corp. - Class A		2,713		202,254
Mohawk Industries, Inc.(a)		561		51,158
Newell Brands, Inc.		4,004		55,616
NVR, Inc.(a)		33		131,574
Open House Group Co., Ltd.(b)		825		27,871
Panasonic Holdings Corp.(b)		22,251		156,247
Persimmon PLC		3,215		43,969
PulteGroup, Inc.		2,463		92,362
SEB SA		278		17,486
Sekisui Chemical Co., Ltd.		3,800		46,489
Sekisui House Ltd.		6,208		102,819
Sharp Corp./Japan(b)		2,157		12,862
Sony Group Corp.		12,940		833,522
Taylor Wimpey PLC		32,673		31,815
Whirlpool Corp.		580		78,190
				2,361,953
Internet & Direct Marketing Retail – 1.5%
Amazon.com, Inc.(a)		94,285		10,654,205
Delivery Hero SE(a) (c)		1,643		60,014
eBay, Inc.		5,844		215,118
Etsy, Inc.(a)		1,347		134,875
Just Eat Takeaway.com NV(a) (b) (c)		1,820		28,231
Prosus NV(a)		8,518		443,163
Rakuten Group, Inc.(b)		8,758		37,480
Zalando SE(a) (c)		2,243		43,812
ZOZO, Inc.		1,255		25,122
				11,642,020
Leisure Products – 0.1%
Bandai Namco Holdings, Inc.		2,080		135,550
Hasbro, Inc.		1,381		93,107
Shimano, Inc.		773		120,947
Yamaha Corp.		1,474		52,378
				401,982
Multiline Retail – 0.3%
Cie Financiere Richemont SA (REG)		5,359		505,865
Dollar General Corp.		2,415		579,262
Dollar Tree, Inc.(a)		2,245		305,544
Next PLC		1,339		71,069
Pan Pacific International Holdings Corp.		3,794		66,929
Target Corp.		4,933		732,008
Wesfarmers Ltd.		11,577		316,498
				2,577,175
Specialty Retail – 1.0%
Advance Auto Parts, Inc.		645		100,839
AutoZone, Inc.(a)		207		443,380
Bath & Body Works, Inc.		2,429		79,185
Best Buy Co., Inc.		2,132		135,041
CarMax, Inc.(a)		1,693		111,772
Chow Tai Fook Jewellery Group Ltd.		20,150		37,869

12

Company	Shares		U.S. $ Value
Fast Retailing Co., Ltd.(b)		607	$	321,676
H & M Hennes & Mauritz AB - Class B(b)		7,358		68,025
Hikari Tsushin, Inc.(b)		211		24,786
Home Depot, Inc. (The)		10,933		3,016,852
Industria de Diseno Textil SA(b)		11,213		231,399
JD Sports Fashion PLC		25,984		28,626
Kingfisher PLC		19,545		47,577
Lowe’s Cos., Inc.		6,799		1,276,920
Nitori Holdings Co., Ltd.(b)		863		72,423
O’Reilly Automotive, Inc.(a)		678		476,871
Ross Stores, Inc.		3,722		313,653
TJX Cos., Inc. (The)		12,464		774,264
Tractor Supply Co.		1,181		219,524
Ulta Beauty, Inc.(a)		551		221,056
USS Co., Ltd.		2,209		34,116
				8,035,854
Textiles, Apparel & Luxury Goods – 0.6%
adidas AG		1,795		206,356
Burberry Group PLC		4,080		81,500
EssilorLuxottica SA		2,962		402,604
Hermes International		329		386,943
Kering SA		776		344,194
LVMH Moet Hennessy Louis Vuitton SE		2,849		1,679,698
Moncler SpA		2,183		89,120
NIKE, Inc. - Class B		13,443		1,117,382
Pandora A/S		915		42,791
Puma SE		1,150		53,199
Ralph Lauren Corp.		456		38,728
Swatch Group AG (The)		313		70,299
Swatch Group AG (The) (REG)		530		22,203
Tapestry, Inc.		2,679		76,164
VF Corp.		3,513		105,074
				4,716,255
				51,627,904
Industrials – 5.5%
Aerospace & Defense – 0.9%
Airbus SE		6,065		522,805
BAE Systems PLC		31,961		280,823
Boeing Co. (The)(a)		5,938		718,973
Dassault Aviation SA		291		33,107
Elbit Systems Ltd.		293		55,475
General Dynamics Corp.		2,392		507,511
Howmet Aerospace, Inc.		3,933		121,648
Huntington Ingalls Industries, Inc.		425		94,138
Kongsberg Gruppen ASA		909		27,586
L3Harris Technologies, Inc.		2,036		423,142
Lockheed Martin Corp.		2,510		969,588
MTU Aero Engines AG		564		84,292
Northrop Grumman Corp.		1,547		727,585
Raytheon Technologies Corp.		15,707		1,285,775

13

Company	Shares		U.S. $ Value
Rheinmetall AG		478	$	73,596
Rolls-Royce Holdings PLC(a)		84,306		64,566
Safran SA		3,542		322,286
Singapore Technologies Engineering Ltd.		15,730		39,080
Textron, Inc.		2,250		131,085
Thales SA		1,114		122,756
TransDigm Group, Inc.		548		287,601
				6,893,418
Air Freight & Logistics – 0.3%
CH Robinson Worldwide, Inc.		1,318		126,937
Deutsche Post AG (REG)		10,261		309,263
DSV A/S		1,952		228,672
Expeditors International of Washington, Inc.		1,740		153,659
FedEx Corp.		2,543		377,559
Nippon Express Holdings, Inc.		773		39,291
SG Holdings Co., Ltd.		2,929		40,117
United Parcel Service, Inc. - Class B		7,785		1,257,589
Yamato Holdings Co., Ltd.(b)		2,936		44,091
				2,577,178
Airlines – 0.1%
Alaska Air Group, Inc.(a)		1,349		52,813
American Airlines Group, Inc.(a)		6,913		83,233
ANA Holdings, Inc.(a)		1,610		30,288
Delta Air Lines, Inc.(a)		6,821		191,397
Deutsche Lufthansa AG (REG)(a)		6,022		34,616
Japan Airlines Co., Ltd.(a)		1,453		26,020
Qantas Airways Ltd.(a)		9,311		29,880
Singapore Airlines Ltd.(a) (b)		13,499		47,710
Southwest Airlines Co.(a)		6,312		194,662
United Airlines Holdings, Inc.(a)		3,476		113,074
				803,693
Building Products – 0.4%
A O Smith Corp.		1,367		66,409
AGC, Inc.		1,947		60,614
Allegion PLC		934		83,761
Assa Abloy AB - Class B		10,352		193,956
Carrier Global Corp.		8,953		318,369
Cie de Saint-Gobain		5,097		182,246
Daikin Industries Ltd.		2,573		395,905
Fortune Brands Home & Security, Inc.		1,376		73,877
Geberit AG (REG)		371		159,080
Johnson Controls International PLC		7,327		360,635
Kingspan Group PLC		1,616		72,808
Lixil Corp.		3,025		44,385
Masco Corp.		2,399		112,009
Nibe Industrier AB - Class B		15,403		137,398
Otis Worldwide Corp.		4,470		285,186
ROCKWOOL A/S - Class B		103		16,247
TOTO Ltd.		1,426		47,619
Trane Technologies PLC		2,465		356,957
Xinyi Glass Holdings Ltd.		18,257		26,403
				2,993,864

14

Company	Shares		U.S. $ Value
Commercial Services & Supplies – 0.2%
Brambles Ltd.		14,453	$	105,730
Cintas Corp.		915		355,194
Copart, Inc.(a)		2,276		242,166
Dai Nippon Printing Co., Ltd.		2,237		44,817
Rentokil Initial PLC		18,733		99,294
Republic Services, Inc.		2,185		297,248
Rollins, Inc.		2,462		85,382
Secom Co., Ltd.		2,191		124,929
Securitas AB - Class B(b)		3,154		21,895
TOPPAN, Inc.		2,642		39,355
Waste Management, Inc.		4,001		641,000
				2,057,010
Construction & Engineering – 0.2%
ACS Actividades de Construccion y Servicios SA(b)		2,313		51,972
Bouygues SA		2,312		60,478
Eiffage SA		896		71,853
Epiroc AB - Class A		6,639		94,974
Epiroc AB - Class B		3,929		49,543
Ferrovial SA		4,942		112,177
Kajima Corp.(b)		4,067		38,549
Obayashi Corp.		6,542		41,986
Quanta Services, Inc.		1,521		193,760
Shimizu Corp.(b)		5,561		27,188
Skanska AB - Class B		3,427		42,652
Taisei Corp.		1,922		53,304
Vinci SA		5,480		443,117
				1,281,553
Electrical Equipment – 0.5%
ABB Ltd. (REG)		16,899		436,322
AMETEK, Inc.		2,442		276,947
Eaton Corp. PLC		4,237		565,046
Emerson Electric Co.		6,290		460,554
Fuji Electric Co., Ltd.		1,278		46,840
Generac Holdings, Inc.(a)		679		120,957
Legrand SA		2,752		177,942
Mitsubishi Electric Corp.		19,641		177,713
Nidec Corp.		4,584		256,594
Prysmian SpA		2,566		73,500
Rockwell Automation, Inc.		1,228		264,155
Schneider Electric SE		5,567		628,797
Siemens Energy AG(a)		4,431		48,789
Siemens Gamesa Renewable Energy SA(a)		2,401		41,861
Vestas Wind Systems A/S		10,402		191,531
				3,767,548

15

Company	Shares		U.S. $ Value
Industrial Conglomerates – 0.5%
3M Co.		5,889	$	650,734
CK Hutchison Holdings Ltd.		27,053		148,960
DCC PLC		993		51,569
General Electric Co.		11,665		722,180
Hitachi Ltd.		9,959		423,816
Honeywell International, Inc.		7,167		1,196,674
Investment AB Latour - Class B(b)		1,491		24,670
Jardine Matheson Holdings Ltd.		1,634		82,612
Keppel Corp., Ltd.		14,674		70,610
Lifco AB - Class B		2,348		32,574
Melrose Industries PLC		44,053		49,259
Siemens AG (REG)		7,850		767,281
Smiths Group PLC		3,730		62,130
Toshiba Corp.		4,068		144,924
				4,427,993
Machinery – 1.0%
Alfa Laval AB		2,958		73,350
Alstom SA		3,196		51,698
Atlas Copco AB - Class A		27,060		251,505
Atlas Copco AB - Class B		15,724		130,336
Caterpillar, Inc.		5,616		921,473
CNH Industrial NV		10,310		115,392
Cummins, Inc.		1,500		305,265
Daifuku Co., Ltd.		1,020		47,978
Daimler Truck Holding AG(a)		4,600		103,994
Deere & Co.		2,959		987,981
Dover Corp.		1,527		178,018
FANUC Corp.		1,998		280,548
Fortive Corp.		3,784		220,607
GEA Group AG		1,545		50,001
Hitachi Construction Machinery Co., Ltd.		1,083		20,127
Hoshizaki Corp.		1,094		30,512
Husqvarna AB - Class B		4,217		23,376
IDEX Corp.		803		160,480
Illinois Tool Works, Inc.		2,997		541,408
Indutrade AB		2,776		45,027
Ingersoll Rand, Inc.		4,289		185,542
KION Group AG		727		13,923
Knorr-Bremse AG		730		31,349
Komatsu Ltd.		9,396		171,085
Kone Oyj - Class B		3,540		136,391
Kubota Corp.		10,350		143,833
Kurita Water Industries Ltd.(b)		1,130		40,119
Makita Corp.(b)		2,257		43,798
MINEBEA MITSUMI, Inc.(b)		3,657		54,101
MISUMI Group, Inc.		2,864		61,669
Mitsubishi Heavy Industries Ltd.		3,370		112,084
NGK Insulators Ltd.(b)		2,207		27,470
Nordson Corp.		575		122,055
PACCAR, Inc.		3,699		309,569
Parker-Hannifin Corp.		1,366		330,995
Pentair PLC		1,750		71,103
Rational AG		60		29,059
Sandvik AB(b)		10,837		147,725
Schindler Holding AG		435		67,512
Schindler Holding AG (REG)		239		36,011
SKF AB - Class B		3,852		51,604

16

Company	Shares		U.S. $ Value
SMC Corp.		598	$	243,368
Snap-on, Inc.		567		114,165
Spirax-Sarco Engineering PLC		782		89,893
Stanley Black & Decker, Inc.		1,572		118,230
Techtronic Industries Co., Ltd.		13,862		132,273
Toyota Industries Corp.		1,574		75,191
VAT Group AG(a) (c)		291		59,052
Volvo AB - Class A		2,017		29,847
Volvo AB - Class B		15,337		217,033
Wartsila OYJ Abp		4,769		30,464
Westinghouse Air Brake Technologies Corp.		1,935		157,412
Xylem, Inc./NY		1,917		167,469
				8,160,470
Marine – 0.1%
AP Moller - Maersk A/S - Class A		33		58,303
AP Moller - Maersk A/S - Class B		52		94,496
Kuehne & Nagel International AG (REG)		566		115,256
Mitsui OSK Lines Ltd.(b)		3,463		61,962
Nippon Yusen KK(b)		5,061		85,905
SITC International Holdings Co., Ltd.		13,511		24,778
ZIM Integrated Shipping Services Ltd.		853		20,045
				460,745
Professional Services – 0.4%
Adecco Group AG (REG)(a)		1,610		44,435
Bureau Veritas SA		2,962		66,282
CoStar Group, Inc.(a)		4,212		293,366
Equifax, Inc.		1,302		223,202
Experian PLC		9,450		276,626
Intertek Group PLC		1,626		66,713
Jacobs Solutions, Inc.		1,358		147,329
Leidos Holdings, Inc.		1,453		127,094
Nielsen Holdings PLC		3,826		106,057
Nihon M&A Center Holdings, Inc.		3,051		34,895
Persol Holdings Co., Ltd.		1,788		33,075
Randstad NV(b)		1,204		51,966
Recruit Holdings Co., Ltd.		14,815		426,755
RELX PLC (London)		19,667		480,578
Robert Half International, Inc.		1,166		89,199
SGS SA (REG)		68		145,503
Teleperformance		607		153,986
Verisk Analytics, Inc.		1,670		284,785
Wolters Kluwer NV		2,696		262,519
				3,314,365
Road & Rail – 0.5%
Aurizon Holdings Ltd.		18,545		41,015
Central Japan Railway Co.		1,491		175,030
CSX Corp.		22,778		606,806
East Japan Railway Co.		3,140		161,033
Grab Holdings Ltd. - Class A(a)		13,321		35,034
Hankyu Hanshin Holdings, Inc.		2,305		69,372
JB Hunt Transport Services, Inc.		883		138,119
Keio Corp.(b)		1,036		37,751

17

Company	Shares		U.S. $ Value
Keisei Electric Railway Co., Ltd.(b)		1,302	$	35,469
Kintetsu Group Holdings Co., Ltd.(b)		1,728		57,532
MTR Corp., Ltd.		15,600		71,555
Norfolk Southern Corp.		2,499		523,915
Odakyu Electric Railway Co., Ltd.(b)		2,970		38,269
Old Dominion Freight Line, Inc.		975		242,551
Tobu Railway Co., Ltd.(b)		1,902		44,834
Tokyu Corp.(b)		5,036		57,433
Union Pacific Corp.		6,643		1,294,189
West Japan Railway Co.(b)		2,337		89,330
				3,719,237
Trading Companies & Distributors – 0.3%
AerCap Holdings NV(a)		1,356		57,399
Ashtead Group PLC		4,598		206,495
Brenntag SE		1,621		97,993
Bunzl PLC		3,399		103,850
Fastenal Co.		6,113		281,443
Ferguson PLC		2,227		231,005
ITOCHU Corp.		12,149		293,251
Marubeni Corp.		15,764		137,549
Mitsubishi Corp.(b)		13,031		356,401
Mitsui & Co., Ltd.		14,407		306,577
MonotaRO Co., Ltd.(b)		2,525		38,746
Reece Ltd.(b)		2,297		20,641
Sumitomo Corp.		11,347		140,185
Toyota Tsusho Corp.		2,140		66,286
United Rentals, Inc.(a)		744		200,969
WW Grainger, Inc.		482		235,790
				2,774,580
Transportation Infrastructure – 0.1%
Aena SME SA(a) (c)		788		81,778
Aeroports de Paris(a)		338		39,059
Atlantia SpA		4,992		110,152
Auckland International Airport Ltd.(a)		12,611		50,549
Getlink SE		4,433		68,744
Transurban Group		31,507		248,824
				599,106
				43,830,760
Consumer Staples – 4.5%
Beverages – 1.1%
Anheuser-Busch InBev SA/NV		8,941		404,997
Asahi Group Holdings Ltd.		4,750		148,086
Brown-Forman Corp. - Class B		1,945		129,479
Budweiser Brewing Co. APAC Ltd.(c)		17,346		45,170

18

Company	Shares		U.S. $ Value
Carlsberg AS - Class B		999	$	116,820
Coca-Cola Co. (The)		41,405		2,319,508
Coca-Cola Europacific Partners PLC		2,174		92,656
Coca-Cola HBC AG(a)		2,025		42,312
Constellation Brands, Inc. - Class A		1,695		389,308
Davide Campari-Milano NV		5,266		46,591
Diageo PLC		23,468		987,850
Heineken Holding NV		1,025		70,170
Heineken NV		2,662		232,475
Ito En Ltd.		539		21,803
Keurig Dr Pepper, Inc.		9,038		323,741
Kirin Holdings Co., Ltd.		8,287		127,667
Molson Coors Beverage Co. - Class B		2,002		96,076
Monster Beverage Corp.(a)		4,092		355,840
PepsiCo, Inc.		14,681		2,396,820
Pernod Ricard SA		2,164		396,995
Remy Cointreau SA		258		42,815
Suntory Beverage & Food Ltd.		1,400		49,825
Treasury Wine Estates Ltd.		7,272		58,513
				8,895,517
Food & Staples Retailing – 0.9%
Aeon Co., Ltd.		6,588		123,021
Carrefour SA		6,253		86,723
Coles Group Ltd.		13,439		141,679
Costco Wholesale Corp.		4,712		2,225,336
Endeavour Group Ltd./Australia		13,513		60,729
HelloFresh SE(a)		1,664		34,831
J Sainsbury PLC		17,625		34,132
Jeronimo Martins SGPS SA		2,853		53,133
Kesko Oyj - Class B		2,751		51,325
Kobe Bussan Co., Ltd.(b)		1,597		38,420
Koninklijke Ahold Delhaize NV(b)		10,730		273,309
Kroger Co. (The)		6,927		303,056
Ocado Group PLC(a)		5,923		30,737
Seven & i Holdings Co., Ltd.		7,713		309,832
Sysco Corp.		5,420		383,248
Tesco PLC		77,455		177,765
Walgreens Boots Alliance, Inc.		7,631		239,614
Walmart, Inc.		15,163		1,966,641
Welcia Holdings Co., Ltd.		950		20,047
Woolworths Group Ltd.(b)		12,455		270,655
				6,824,233
Food Products – 1.0%
Ajinomoto Co., Inc.		4,703		128,539
Archer-Daniels-Midland Co.		5,963		479,723
Associated British Foods PLC		3,589		50,148
Barry Callebaut AG (REG)		38		71,631
Campbell Soup Co.		2,142		100,931
Chocoladefabriken Lindt & Spruengli AG		11		106,307
Chocoladefabriken Lindt & Spruengli AG (REG)		2		199,173
Conagra Brands, Inc.		5,107		166,641
Danone SA		6,567		310,523
General Mills, Inc.		6,337		485,478
Hershey Co. (The)		1,562		344,374

19

Company	Shares		U.S. $ Value
Hormel Foods Corp.		3,079	$	139,910
JDE Peet’s NV		1,011		29,560
JM Smucker Co. (The)		1,134		155,823
Kellogg Co.		2,714		189,057
Kerry Group PLC - Class A		1,652		147,246
Kikkoman Corp.		1,552		87,985
Kraft Heinz Co. (The)		8,473		282,575
Lamb Weston Holdings, Inc.		1,529		118,314
McCormick & Co., Inc./MD		2,664		189,863
MEIJI Holdings Co., Ltd.		1,117		49,584
Mondelez International, Inc. - Class A		14,580		799,421
Mowi ASA		4,205		53,486
Nestle SA (REG)		28,884		3,124,016
Nisshin Seifun Group, Inc.(b)		1,993		20,130
Nissin Foods Holdings Co., Ltd.		638		44,347
Orkla ASA		7,567		55,007
Salmar ASA		599		20,190
Tyson Foods, Inc. - Class A		3,081		203,130
WH Group Ltd.(c)		84,024		52,846
Wilmar International Ltd.		19,354		51,489
Yakult Honsha Co., Ltd.		1,381		80,187
				8,337,634
Household Products – 0.7%
Church & Dwight Co., Inc.		2,584		184,601
Clorox Co. (The)		1,310		168,191
Colgate-Palmolive Co.		8,873		623,328
Essity AB - Class B		6,133		121,168
Henkel AG & Co. KGaA		1,131		64,097
Henkel AG & Co. KGaA (Preference Shares)		1,875		111,351
Kimberly-Clark Corp.		3,592		404,244
Procter & Gamble Co., (The)		25,420		3,209,275
Reckitt Benckiser Group PLC		7,337		486,307
Unicharm Corp.		4,216		138,305
				5,510,867
Personal Products – 0.4%
Beiersdorf AG		1,065		104,649
Estee Lauder Cos., Inc. (The) - Class A		2,466		532,409
Haleon PLC(a)		51,669		161,102
Kao Corp.		4,903		199,505
Kobayashi Pharmaceutical Co., Ltd.		537		31,470
Kose Corp.		385		39,695
L’Oreal SA		2,477		792,001
Shiseido Co., Ltd.		4,168		146,077
Unilever PLC		26,184		1,150,521
				3,157,429
Tobacco – 0.4%
Altria Group, Inc.		19,157		773,560
British American Tobacco PLC		22,128		793,455
Imperial Brands PLC		9,177		188,705
Japan Tobacco, Inc.		12,090		198,672
Philip Morris International, Inc.		16,491		1,368,918
Swedish Match AB		15,425		152,580
				3,475,890
				36,201,570

20

Company	Shares		U.S. $ Value
Communication Services – 4.0%
Diversified Telecommunication Services – 0.9%
AT&T, Inc.		75,807	$	1,162,879
Bezeq The Israeli Telecommunication Corp., Ltd.		18,408		30,091
BT Group PLC		70,623		94,939
Cellnex Telecom SA(c)		5,667		174,808
Charter Communications, Inc. - Class A(a)		1,179		357,650
Comcast Corp. - Class A		46,847		1,374,023
Deutsche Telekom AG (REG)		33,257		566,089
Elisa Oyj		1,530		69,323
HKT Trust & HKT Ltd.		38,163		44,697
Infrastrutture Wireless Italiane SpA(c)		3,386		29,541
Koninklijke KPN NV		32,499		87,954
Lumen Technologies, Inc.		10,134		73,776
Nippon Telegraph & Telephone Corp.		12,201		329,089
Orange SA		20,100		181,795
Proximus SADP		1,532		15,884
Singapore Telecommunications Ltd.		83,194		153,513
Spark New Zealand Ltd.		18,834		52,693
Swisscom AG (REG)		269		125,957
Telecom Italia SpA/Milano(a) (b)		100,391		18,569
Telefonica Deutschland Holding AG		10,489		21,207
Telefonica SA		52,536		173,680
Telenor ASA		7,049		64,513
Telia Co. AB		26,782		77,134
Telstra Corp., Ltd.(b)		39,792		98,255
United Internet AG (REG)		977		18,264
Verizon Communications, Inc.		44,676		1,696,348
Washington H Soul Pattinson & Co., Ltd.(b)		2,181		37,495
				7,130,166
Entertainment – 0.7%
Activision Blizzard, Inc.		7,573		562,977
Bollore SE		8,908		40,870
Capcom Co., Ltd.(b)		1,774		44,665
Electronic Arts, Inc.		2,810		325,145
Embracer Group AB(a) (b)		6,492		38,479
Koei Tecmo Holdings Co., Ltd.(b)		1,184		19,490
Konami Group Corp.(b)		939		43,478
Live Nation Entertainment, Inc.(a)		1,511		114,896
Netflix, Inc.(a)		4,731		1,113,867
Nexon Co., Ltd.(b)		4,977		87,932
Nintendo Co., Ltd.		11,360		458,197

21

Company	Shares		U.S. $ Value
Sea Ltd. (ADR)(a)		3,730	$	209,067
Square Enix Holdings Co., Ltd.		864		37,239
Take-Two Interactive Software, Inc.(a)		1,667		181,703
Toho Co., Ltd./Tokyo		1,127		40,981
Ubisoft Entertainment SA(a)		945		25,971
Universal Music Group NV(b)		7,308		136,879
Walt Disney Co. (The)(a)		19,394		1,829,436
Warner Bros Discovery, Inc.(a)		23,500		270,250
				5,581,522
Interactive Media & Services – 2.0%
Adevinta ASA(a)		2,936		17,492
Alphabet, Inc. - Class A(a)		63,785		6,101,035
Alphabet, Inc. - Class C(a)		57,038		5,484,204
Auto Trader Group PLC(c)		9,578		54,317
Kakaku.com, Inc.		1,344		22,776
Match Group, Inc.(a)		3,010		143,727
Meta Platforms, Inc. - Class A(a)		24,262		3,291,868
REA Group Ltd.(b)		593		43,162
Scout24 SE(c)		842		42,193
SEEK Ltd.		3,387		41,165
Twitter, Inc.(a)		7,153		313,588
Z Holdings Corp.(b)		26,998		71,563
				15,627,090
Media – 0.1%
CyberAgent, Inc.		4,076		34,320
Dentsu Group, Inc.		2,179		61,944
DISH Network Corp. - Class A(a)		2,670		36,926
Fox Corp. - Class A		3,260		100,017
Fox Corp. - Class B		1,497		42,664
Hakuhodo DY Holdings, Inc.(b)		2,354		16,574
Informa PLC		14,350		82,023
Interpublic Group of Cos., Inc. (The)		4,160		106,496
News Corp. - Class A		4,102		61,981
News Corp. - Class B		1,271		19,599
Omnicom Group, Inc.		2,179		137,473
Paramount Global - Class B		5,372		102,283
Pearson PLC		6,439		61,490
Publicis Groupe SA		2,394		113,434
Vivendi SE		7,323		56,801
WPP PLC		10,760		88,826
				1,122,851
Wireless Telecommunication Services – 0.3%
KDDI Corp.		16,561		484,182
SoftBank Corp.(b)		29,471		294,295
SoftBank Group Corp.(b)		12,406		420,453
T-Mobile US, Inc.(a)		6,403		859,090
Tele2 AB - Class B(b)		5,769		49,784
Vodafone Group PLC		271,895		304,305
				2,412,109
				31,873,738

22

Company	Shares		U.S. $ Value
Energy – 2.6%
Energy Equipment & Services – 0.1%
Baker Hughes Co.		10,763	$	225,593
Halliburton Co.		9,648		237,534
Schlumberger NV		15,046		540,151
Tenaris SA		4,757		61,551
				1,064,829
Oil, Gas & Consumable Fuels – 2.5%
Aker BP ASA		3,186		91,453
Ampol Ltd.		2,400		44,392
APA Corp.		3,474		118,776
BP PLC		197,917		945,724
Chevron Corp.		19,157		2,752,286
ConocoPhillips		13,542		1,385,888
Coterra Energy, Inc.		8,463		221,054
Devon Energy Corp.		6,966		418,866
Diamondback Energy, Inc.		1,891		227,790
ENEOS Holdings, Inc.		30,918		99,715
Eni SpA		25,897		275,251
EOG Resources, Inc.		6,234		696,525
EQT Corp.		3,933		160,270
Equinor ASA		9,982		329,193
Exxon Mobil Corp.		44,335		3,870,889
Galp Energia SGPS SA(b)		5,050		48,588
Hess Corp.		2,964		323,046
Idemitsu Kosan Co., Ltd.(b)		2,100		45,640
Inpex Corp.		10,313		96,190
Kinder Morgan, Inc.		21,091		350,954
Marathon Oil Corp.		7,208		162,757
Marathon Petroleum Corp.		5,304		526,846
Neste Oyj		4,372		190,573
Occidental Petroleum Corp.		7,927		487,114
OMV AG		1,483		53,674
ONEOK, Inc.		4,754		243,595
Phillips 66		5,117		413,044
Pioneer Natural Resources Co.		2,539		549,770
Repsol SA(a)		14,619		167,976
Santos Ltd.		32,417		149,752
Shell PLC		76,323		1,893,416
TotalEnergies SE(a)		25,439		1,193,459
Valero Energy Corp.		4,191		447,808
Williams Cos., Inc. (The)		12,963		371,131
Woodside Energy Group Ltd.		19,482		398,047
				19,751,452
				20,816,281

23

Company	Shares		U.S. $ Value
Materials – 2.2%
Chemicals – 1.2%
Air Liquide SA		5,366	$	613,329
Air Products and Chemicals, Inc.		2,359		549,010
Akzo Nobel NV		1,888		106,993
Albemarle Corp.		1,246		329,492
Arkema SA		618		45,039
Asahi Kasei Corp.		12,639		83,763
BASF SE		9,466		363,290
Celanese Corp.		1,060		95,760
CF Industries Holdings, Inc.		2,120		204,050
Chr Hansen Holding A/S		1,062		52,313
Clariant AG (REG)(a)		2,173		34,711
Corteva, Inc.		7,644		436,855
Covestro AG(c)		1,946		55,639
Croda International PLC		1,464		104,565
Dow, Inc.		7,640		335,625
DuPont de Nemours, Inc.		5,329		268,582
Eastman Chemical Co.		1,306		92,791
Ecolab, Inc.		2,638		380,980
EMS-Chemie Holding AG (REG)		77		48,607
Evonik Industries AG		2,112		35,371
FMC Corp.		1,340		141,638
Givaudan SA (REG)		95		286,995
ICL Group Ltd.		7,263		58,209
IMCD NV		609		72,204
International Flavors & Fragrances, Inc.		2,712		246,331
Johnson Matthey PLC		1,949		39,349
JSR Corp.(b)		1,839		34,872
Koninklijke DSM NV		1,795		204,254
Linde PLC		5,302		1,429,366
LyondellBasell Industries NV - Class A		2,707		203,783
Mitsubishi Chemical Group Corp.		12,899		59,089
Mitsui Chemicals, Inc.		1,855		36,157
Mosaic Co. (The)		3,673		177,516
Nippon Paint Holdings Co., Ltd.(b)		8,359		56,464
Nippon Sanso Holdings Corp.		1,792		28,326
Nissan Chemical Corp.		1,313		58,656
Nitto Denko Corp.		1,516		82,085
Novozymes A/S - Class B		2,164		108,746
OCI NV		1,071		39,211
Orica Ltd.		4,105		34,948
PPG Industries, Inc.		2,500		276,725
Sherwin-Williams Co. (The)		2,509		513,718
Shin-Etsu Chemical Co., Ltd.		3,857		381,676
Sika AG (REG)		1,503		302,090
Solvay SA		809		62,634
Sumitomo Chemical Co., Ltd.(b)		15,011		51,632
Symrise AG		1,383		134,860
Toray Industries, Inc.		13,972		68,768
Tosoh Corp.		2,620		29,201
Umicore SA		2,129		62,502
Yara International ASA		1,668		58,539
				9,577,309
Construction Materials – 0.1%
CRH PLC		7,783		250,238
HeidelbergCement AG		1,499		59,217
Holcim AG(a)		5,743		235,351

24

Company	Shares		U.S. $ Value
James Hardie Industries PLC		4,484	$	88,077
Martin Marietta Materials, Inc.		664		213,868
Vulcan Materials Co.		1,414		223,002
				1,069,753
Containers & Packaging – 0.1%
Amcor PLC		15,986		171,530
Avery Dennison Corp.		864		140,573
Ball Corp.		3,344		161,582
International Paper Co.		3,851		122,077
Packaging Corp. of America		997		111,953
Sealed Air Corp.		1,545		68,768
SIG Group AG(a)		3,105		63,044
Smurfit Kappa Group PLC		2,479		70,897
Westrock Co.		2,705		83,557
				993,981
Metals & Mining – 0.7%
Anglo American PLC		13,045		391,687
Antofagasta PLC		3,973		48,684
ArcelorMittal SA		5,404		107,531
BHP Group Ltd.		51,943		1,291,205
BlueScope Steel Ltd.		4,518		43,877
Boliden AB(a)		2,755		85,118
Evolution Mining Ltd.		18,467		24,092
Fortescue Metals Group Ltd.(b)		17,061		183,156
Freeport-McMoRan, Inc.		15,212		415,744
Glencore PLC		101,163		531,613
Hitachi Metals Ltd.(a)		2,160		32,497
JFE Holdings, Inc.(b)		4,952		45,981
Mineral Resources Ltd.		1,825		76,603
Newcrest Mining Ltd.		8,969		98,472
Newmont Corp.		8,443		354,859
Nippon Steel Corp.		8,210		113,941
Norsk Hydro ASA		13,549		72,703
Northern Star Resources Ltd.(b)		11,147		55,816
Nucor Corp.		2,785		297,967
Rio Tinto Ltd.		3,804		230,113
Rio Tinto PLC		11,537		624,219
South32 Ltd.		46,987		111,543
Sumitomo Metal Mining Co., Ltd.		2,490		71,355
voestalpine AG		1,169		19,803
				5,328,579
Paper & Forest Products – 0.1%
Holmen AB - Class B		954		36,201
Mondi PLC		4,892		75,153
Oji Holdings Corp.(b)		8,176		30,338
Stora Enso Oyj - Class R		5,601		71,152
Svenska Cellulosa AB SCA - Class B		6,104		77,451
UPM-Kymmene Oyj		5,520		175,174
				465,469
				17,435,091

25

Company	Shares		U.S. $ Value
Utilities – 1.8%
Electric Utilities – 1.1%
Acciona SA		276	$	48,509
Alliant Energy Corp.		2,669		141,430
American Electric Power Co., Inc.		5,465		472,449
Chubu Electric Power Co., Inc.(b)		6,491		58,377
CK Infrastructure Holdings Ltd.		5,927		30,230
CLP Holdings Ltd.		16,545		125,043
Constellation Energy Corp.		3,477		289,252
Duke Energy Corp.		8,191		761,927
Edison International		4,058		229,602
EDP - Energias de Portugal SA		27,968		121,381
Electricite de France SA		5,506		63,856
Elia Group SA/NV		363		42,715
Endesa SA		3,200		48,063
Enel SpA		83,453		342,259
Entergy Corp.		2,164		217,763
Evergy, Inc.		2,442		145,055
Eversource Energy		3,685		287,283
Exelon Corp.		10,550		395,203
FirstEnergy Corp.		5,775		213,675
Fortum Oyj		4,474		60,117
HK Electric Investments & HK Electric Investments Ltd. - Class SS(c)		26,708		18,713
Iberdrola SA		61,099		569,698
Kansai Electric Power Co., Inc. (The)(b)		7,093		59,343
Mercury NZ Ltd.		6,864		21,851
NextEra Energy, Inc.		20,901		1,638,847
NRG Energy, Inc.		2,501		95,713
Origin Energy Ltd.(b)		17,744		58,874
Orsted AS(c)		1,950		155,416
PG&E Corp.(a)		17,115		213,938
Pinnacle West Capital Corp.		1,203		77,606
Power Assets Holdings Ltd.		13,977		70,064
PPL Corp.		7,831		198,516
Red Electrica Corp. SA		4,124		63,285
Southern Co. (The)		11,308		768,944
SSE PLC		10,988		185,543
Terna - Rete Elettrica Nazionale		14,175		86,333
Tokyo Electric Power Co. Holdings, Inc.(a)		15,381		49,167
Verbund AG		742		63,350
Xcel Energy, Inc.		5,819		372,416
				8,861,806
Gas Utilities – 0.1%
APA Group(b)		11,887		73,140
Atmos Energy Corp.		1,488		151,553
Enagas SA		2,507		38,806
Hong Kong & China Gas Co., Ltd.		112,802		99,362
Naturgy Energy Group SA(b)		1,478		34,191
Osaka Gas Co., Ltd.		3,778		56,957
Snam SpA		20,316		82,116
Tokyo Gas Co., Ltd.		4,034		68,098
				604,223

26

Company	Shares		U.S. $ Value
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)		7,105	$	160,573
EDP Renovaveis SA		2,903		59,715
Meridian Energy Ltd.		12,972		34,808
RWE AG		6,584		242,001
Uniper SE		921		3,476
				500,573
Multi-Utilities – 0.5%
Ameren Corp.		2,749		221,432
CenterPoint Energy, Inc.		6,697		188,721
CMS Energy Corp.		3,087		179,787
Consolidated Edison, Inc.		3,772		323,487
Dominion Energy, Inc.		8,856		612,038
DTE Energy Co.		2,061		237,118
E.ON SE		22,620		173,784
Engie SA		18,402		211,805
National Grid PLC		37,416		385,164
NiSource, Inc.		4,319		108,796
Public Service Enterprise Group, Inc.		5,307		298,413
Sempra Energy		3,344		501,399
Veolia Environnement SA		6,781		129,600
WEC Energy Group, Inc.		3,356		300,127
				3,871,671
Water Utilities – 0.0%
American Water Works Co., Inc.		1,934		251,729
Severn Trent PLC		2,521		65,903
United Utilities Group PLC		6,870		67,836
				385,468
				14,223,741
Real Estate – 1.5%
Equity Real Estate Investment Trusts (REITs) – 1.3%
Alexandria Real Estate Equities, Inc.		1,580		221,500
American Tower Corp.		4,953		1,063,409
AvalonBay Communities, Inc.		1,488		274,075
Boston Properties, Inc.		1,517		113,730
British Land Co. PLC (The)		8,871		34,361
Camden Property Trust		1,133		135,337
CapitaLand Integrated Commercial Trust		53,735		71,477
CapLand Ascendas REIT		33,812		63,071
Covivio		524		25,243
Crown Castle, Inc.		4,607		665,942
Daiwa House REIT Investment Corp.		25		52,212
Dexus		10,836		53,904
Digital Realty Trust, Inc.		3,057		303,193
Duke Realty Corp.		4,096		197,427
Equinix, Inc.		969		551,206
Equity Residential		3,601		242,059
Essex Property Trust, Inc.		693		167,865

27

Company	Shares		U.S. $ Value
Extra Space Storage, Inc.		1,425	$	246,112
Federal Realty Investment Trust		775		69,843
Gecina SA		518		40,570
GLP J-Reit		46		51,016
Goodman Group		16,940		171,209
GPT Group (The)		19,300		47,501
Healthpeak Properties, Inc.		5,740		131,561
Host Hotels & Resorts, Inc.		7,605		120,767
Invitation Homes, Inc.		6,168		208,293
Iron Mountain, Inc.		3,092		135,955
Japan Metropolitan Fund Invest		77		57,813
Japan Real Estate Investment Corp.		13		53,630
Kimco Realty Corp.		6,579		121,119
Klepierre SA(a)		2,069		35,970
Land Securities Group PLC		7,097		41,008
Link REIT		21,063		147,030
Mapletree Logistics Trust		31,227		33,741
Mapletree Pan Asia Commercial Trust		21,757		25,903
Mid-America Apartment Communities, Inc.		1,228		190,426
Mirvac Group		39,723		49,483
Nippon Building Fund, Inc.		16		70,408
Nippon Prologis REIT, Inc.(a)		22		48,233
Nomura Real Estate Master Fund, Inc.		46		50,841
Prologis, Inc.		7,876		800,202
Public Storage		1,681		492,214
Realty Income Corp.		6,570		382,374
Regency Centers Corp.		1,638		88,206
SBA Communications Corp.		1,148		326,778
Scentre Group		52,294		85,442
Segro PLC		12,114		101,078
Simon Property Group, Inc.		3,482		312,510
Stockland		24,051		50,334
UDR, Inc.		3,249		135,516
Ventas, Inc.		4,252		170,803
VICI Properties, Inc.		10,245		305,813
Vicinity Centres		38,985		43,468
Vornado Realty Trust		1,714		39,696
Warehouses De Pauw CVA		1,512		37,136
Welltower, Inc.		4,929		317,033
Weyerhaeuser Co.		7,875		224,910
				10,297,956
Real Estate Management & Development – 0.2%
Aroundtown SA		10,065		22,039
Azrieli Group Ltd.		427		29,142
Capitaland Investment Ltd./Singapore		24,789		59,639
CBRE Group, Inc. - Class A(a)		3,417		230,682
City Developments Ltd.		4,093		21,571
CK Asset Holdings Ltd.		20,190		121,208
Daito Trust Construction Co., Ltd.		659		61,644
Daiwa House Industry Co., Ltd.		6,094		123,907
ESR Group Ltd.(c)		19,958		50,202
Fastighets AB Balder - Class B(a)		6,354		25,363
Hang Lung Properties Ltd.		20,399		33,498
Henderson Land Development Co., Ltd.		14,633		40,976
Hongkong Land Holdings Ltd.		11,583		50,896
Hulic Co., Ltd.		3,868		28,498

28

Company	Shares			U.S. $ Value
LEG Immobilien SE			808	$	48,229
Lendlease Corp., Ltd.(b)			6,939		39,671
Mitsubishi Estate Co., Ltd.			11,916		157,007
Mitsui Fudosan Co., Ltd.			9,241		176,041
New World Development Co., Ltd.			15,213		43,206
Nomura Real Estate Holdings, Inc.			1,195		26,988
Sagax AB - Class B			1,934		31,840
Sino Land Co., Ltd.			33,532		44,106
Sumitomo Realty & Development Co., Ltd.(b)			3,117		70,887
Sun Hung Kai Properties Ltd.			14,726		162,520
Swire Pacific Ltd. - Class A			5,016		37,492
Swire Properties Ltd.			11,788		25,359
Swiss Prime Site AG (REG)			814		64,841
Unibail-Rodamco-Westfield(a)			1,282		53,882
UOL Group Ltd.			4,678		21,522
Vonovia SE			7,349		158,604
Wharf Real Estate Investment Co., Ltd.			16,824		76,270
					2,137,730
					12,435,686
Total Common Stocks (cost $556,210,854)					445,440,464
	Notional Amount
OPTIONS PURCHASED - PUTS – 1.0%
Options on Indices – 1.0%
Euro STOXX 50 Index Expiration: Oct 2022; Contracts: 3,800; Exercise Price: EUR 3,400.00; Counterparty: Morgan Stanley & Co., Inc.(a)		EUR	12,920,000		487,124
FTSE 100 Index Expiration: Oct 2022; Contracts: 660; Exercise Price: GBP 7,100.00; Counterparty: Morgan Stanley & Co., Inc.(a)		GBP	4,686,000		206,339
Nikkei 225 Index Expiration: Oct 2022; Contracts: 63,000; Exercise Price: JPY 27,250.00; Counterparty: Morgan Stanley & Co., Inc.(a)		JPY	1,716,750,000		904,104
S&P 500 Index Expiration: Oct 2022; Contracts: 29,000; Exercise Price: USD 3,770.00; Counterparty: Morgan Stanley & Co., Inc.(a)		USD	109,330,000		6,017,500
Total Options Purchased - Puts (premiums paid $2,951,654)					7,615,067

29

	Principal Amount (000)			U.S. $ Value
INFLATION-LINKED SECURITIES – 0.7%
Japan – 0.7%
Japanese Government CPI Linked Bond Series 22 0.10%, 03/10/2027 (cost $7,477,890)		JPY	802,127	$	5,868,721
	Shares
RIGHTS – 0.0%
Industrials – 0.0%
Commercial Services & Supplies – 0.0%
Securitas AB, expiring 10/11/2022 (a) (cost $8,395)			12,616		5,263
SHORT-TERM INVESTMENTS – 35.7%
Investment Companies – 35.7%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.58%(f) (g) (h) (cost $285,254,750)			285,254,750		285,254,750
Total Investments Before Security Lending Collateral for Securities Loaned – 93.2% (cost $851,903,543)					744,184,265
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%
Investment Companies – 0.3%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.58%(f) (g) (h) (cost $2,172,478)			2,172,478		2,172,478
Total Investments – 93.5% (cost $854,076,021)(i)					746,356,743
Other assets less liabilities – 6.5%					51,920,414
Net Assets – 100.0%				$	798,277,157

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Canadian Bond Futures		43		December 2022		$	3,847,229		$	(50,176	)
10 Yr Mini Japan Government Bond Futures		102		December 2022			10,469,923			13,778
Euro-BTP Futures		143		December 2022			15,693,679			(728,866	)
Euro-Bund Futures		40		December 2022			5,429,086			(319,966	)
Euro-OAT Futures		70		December 2022			9,063,895			(531,761	)
Hang Seng Index Futures		2		October 2022			219,245			(7,550	)
Japan 10 Yr Bond (OSE) Futures		55		December 2022			56,356,664			(152,239	)

30

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Long Gilt Futures		214		December 2022		$	23,033,979		$	(3,137,057	)
MSCI EAFE Futures		6		December 2022			498,180			(22,596	)
S&P Mid 400 E Mini Futures		5		December 2022			1,104,100			(148,638	)
S&P/TSX 60 Index Futures		68		December 2022			10,987,512			(776,961	)
TOPIX Index Futures		6		December 2022			761,141			(29,734	)
U.S. T-Note 5 Yr (CBT) Futures		294		December 2022			31,607,297			(1,155,701	)
U.S. T-Note 10 Yr (CBT) Futures		888		December 2022			99,511,500			(4,697,662	)
U.S. Ultra Bond (CBT) Futures		80		December 2022			10,960,000			(1,051,661	)
Sold Contracts
10 Yr Mini Japan Government Bond Futures		6		December 2022			615,878			(869	)
Euro STOXX 50 Index Futures		562		December 2022			18,258,627			978,732
FTSE 100 Index Futures		108		December 2022			8,338,015			470,258
MSCI Singapore IX ETS Futures		59		October 2022			1,152,888			7,197
Nikkei 225 (CME) Futures		9		December 2022			1,167,525			46,047
OMXS 30 Index Futures		49		October 2022			808,009			65,102
S&P 500 E-Mini Futures		91		December 2022			16,386,825			764,260
									$	(10,466,063	)

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty		Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA			USD	5,373		AUD	7,559		10/20/2022		$	(536,969	)
Bank of America, NA			GBP	18,809		USD	22,214		11/17/2022			1,197,845
Citibank, NA			SEK	28,604		USD	2,606		12/01/2022			21,170
Credit Suisse International			USD	4,476		CAD	5,710		10/27/2022			(342,762	)
Deutsche Bank AG			CAD	4,684		USD	3,604		10/27/2022			213,108
Deutsche Bank AG			EUR	2,089		CHF	1,989		12/07/2022			(28,850	)
Goldman Sachs Bank USA			AUD	5,229		USD	3,603		10/20/2022			257,606
Goldman Sachs Bank USA			JPY	4,446,905		USD	31,061		12/02/2022			151,185
Goldman Sachs Bank USA			CHF	4,169		EUR	4,280		12/07/2022			(37,474	)
HSBC Bank USA			AUD	10,917		USD	7,554		10/20/2022			569,790
JPMorgan Chase Bank, NA			AUD	3,774		USD	2,564		10/20/2022			149,295
JPMorgan Chase Bank, NA			CAD	3,370		USD	2,562		10/27/2022			122,970
JPMorgan Chase Bank, NA	��		EUR	44,134		USD	43,148		12/08/2022			(305,595	)
Morgan Stanley Capital Services, Inc.			CAD	5,812		USD	4,493		10/27/2022			285,740
Morgan Stanley Capital Services, Inc.			USD	2,048		JPY	291,265		12/02/2022			(23,838	)
Morgan Stanley Capital Services, Inc.			CHF	9,870		USD	10,142		12/07/2022			77,126
Morgan Stanley Capital Services, Inc.			USD	2,756		CHF	2,682		12/07/2022			(20,957	)
State Street Bank & Trust Co.			USD	236		NOK	2,428		12/01/2022			(13,219	)
											$	1,736,171

CALL OPTIONS WRITTEN

Description

Counterparty

Contracts

Exercise Price

Expiration Month

Notional (000)

Premiums Received

U.S. $ Value

Nikkei 225 Index(j)

Morgan Stanley & Co., Inc.

63

JPY

29,250.00

October 2022

JPY

1,842,750

$

61,498

$

(1,088

)

31

PUT OPTIONS WRITTEN

Description	Counterparty	Contracts	Exercise Price			Expiration Month		Notional (000)			Premiums Received		U.S. $ Value
Euro STOXX 50 Index(k)	Morgan Stanley & Co., Inc.	380		EUR	3,225.00		October 2022		EUR	12,255	$	108,198	$	(201,106	)
FTSE 100 Index(k)	Morgan Stanley & Co., Inc.	660		GBP	6,700.00		October 2022		GBP	4,422		25,180		(73,324	)
Nikkei 225 Index(j)	Morgan Stanley & Co., Inc.	63		JPY	26,000.00		October 2022		JPY	1,638,000		50,470		(214,382	)
S&P 500 Index(l)	Morgan Stanley & Co., Inc.	290		USD	3,560.00		October 2022		USD	103,240		1,005,712		(2,527,350	)
											$	1,189,560	$	(3,016,162	)

(a) Non-income producing security.

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

(c) 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 September 30, 2022, the aggregate market value of these securities amounted to $1,847,258 or 0.2% of net assets.

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

(e) Fair valued by the Adviser.

(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 the 7-day yield as of period end.

(i) As of September 30, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $24,910,621 and gross unrealized depreciation of investments was $(143,125,983), resulting in net unrealized depreciation of $(118,215,362).

(j) One contract relates to 1,000 shares.

(k) One contract relates to 10 shares.

(l) One contract relates to 100 shares.

Please note: The sector classifications presented herein are based on the Global Industry Classification Standard (GICS) which was developed by Morgan Stanley Capital International and Standard & Poor’s. The components are divided into sector, industry group, and industry sub-indices as classified by the GICS for each of the market capitalization indices in the broad market.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – Great British Pound

JPY – Japanese Yen

NOK – Norwegian Krone

SEK – Swedish Krona

USD – United States Dollar

Glossary:

ADR – American Depositary Receipt

BTP – Buoni del Tesoro Poliennali

CBT – Chicago Board of Trade

CME – Chicago Mercantile Exchange

CPI – Consumer Price Index

EAFE – Europe, Australia, and Far East

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

32

MSCI – Morgan Stanley Capital International

OAT – Obligations Assimilables du Trésor

OMXS —Stockholm Stock Exchange

OSE – Osaka Securities Exchange

REG – Registered Shares

REIT – Real Estate Investment Trust

TOPIX – Tokyo Price Index

TSX – Toronto Stock Exchange

COUNTRY BREAKDOWN¹

September 30, 2022 (unaudited)

43.9	%	United States
4.7	%	Japan
2.7	%	United Kingdom
1.8	%	Switzerland
1.8	%	France
1.4	%	Australia
1.3	%	Germany
0.7	%	Netherlands
0.6	%	Denmark
0.4	%	Sweden
0.4	%	Hong Kong
0.4	%	Spain
0.3	%	Italy
1.3	%	Other
38.3	%	Short-Term Investments
100.0	%	Total Investments

1 All data are as of September 30, 2022. The Portfolio’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 0.2% or less in the following: Austria, Belgium, Brazil, Chile, China, Finland, Ireland, Israel, Jordan, Luxembourg, Macau, New Zealand, Norway, Portugal, Singapore, South Africa and Taiwan.

33

AB Variable Products Series Fund, Inc.

AB Global Risk Allocation-Moderate Portfolio

September 30, 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. 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.

34

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 Portfolio’s investments by the above fair value hierarchy levels as of September 30, 2022:

Investments in Securities:	Level 1			Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	84,819,137		$	9,700,847		$	—	$	94,519,984
Health Care		48,699,773			16,601,588			—		65,301,361
Financials		35,293,688			21,778,438			102,222		57,174,348
Consumer Discretionary		37,549,705			14,078,199			—		51,627,904
Industrials		25,346,233			18,484,527			—		43,830,760
Consumer Staples		22,302,191			13,899,379			—		36,201,570
Communication Services		26,072,968			5,800,770			—		31,873,738
Energy		14,731,687			6,084,594			—		20,816,281
Materials		8,047,702			9,387,389			—		17,435,091
Utilities		10,073,505			4,150,236			—		14,223,741
Real Estate		9,040,438			3,395,248			—		12,435,686
Options Purchased - Puts		—			7,615,067			—		7,615,067
Inflation-Linked Securities		—			5,868,721			—		5,868,721
Rights		5,263			—			—		5,263
Short-Term Investments		285,254,750			—			—		285,254,750
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		2,172,478			—			—		2,172,478
Total Investments in Securities		609,409,518			136,845,003			102,222		746,356,743
Other Financial Instruments(a):
Assets:
Futures		2,345,374			—			—		2,345,374
Forward Currency Exchange Contracts		—			3,045,835			—		3,045,835
Liabilities:
Futures		(12,811,437	)		—			—		(12,811,437	)
Forward Currency Exchange Contracts		—			(1,309,664	)		—		(1,309,664	)
Call Options Written		—			(1,088	)		—		(1,088	)
Put Options Written		—			(3,016,162	)		—		(3,016,162	)
Total	$	598,943,455		$	135,563,924		$	102,222	$	734,609,601

^(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.

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A summary of the Portfolio’s transactions in AB mutual funds for the nine months ended September 30, 2022 is as follows:

Portfolio	Market Value 12/31/2021 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 09/30/2022 (000)		Dividend Income (000)
Government Money Market Portfolio	$	443,533	$	165,702	$	323,980	$	285,255	$	2,155
Government Money Market Portfolio*		3,248		18,681		19,757		2,172		12
Total	$	446,781	$	184,383	$	343,737	$	287,427	$	2,167

* Investments of cash collateral for securities lending transactions.

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