Ab Variable Products Series Fund NPORT-P/A AB Dynamic Asset Allocation Portfolio (Sep 2022 report)

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

September 30, 2022 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 58.0%
Information Technology – 12.3%
Communications Equipment – 0.4%
Arista Networks, Inc.(a)		711	$	80,265
Cisco Systems, Inc.		11,929		477,160
F5, Inc.(a)		175		25,328
Juniper Networks, Inc.		930		24,292
Motorola Solutions, Inc.		482		107,953
Nokia Oyj		15,588		66,920
Telefonaktiebolaget LM Ericsson - Class B(b)		8,407		49,143
				831,061
Electronic Equipment, Instruments & Components – 0.5%
Amphenol Corp. - Class A		1,720		115,171
Arrow Electronics, Inc.(a)		193		17,793
Azbil Corp.(b)		299		7,794
CDW Corp./DE		390		60,871
Cognex Corp.		500		20,725
Corning, Inc.		2,311		67,065
Halma PLC		1,093		24,584
Hamamatsu Photonics KK		449		19,245
Hexagon AB - Class B		5,606		52,355
Hirose Electric Co., Ltd.		89		11,672
Ibiden Co., Ltd.(b)		341		9,323
Keyence Corp.		624		206,270
Keysight Technologies, Inc.(a)		525		82,614
Kyocera Corp.		959		48,313
Murata Manufacturing Co., Ltd.		1,617		74,426
Omron Corp.		553		25,337
Shimadzu Corp.(b)		678		17,788
TDK Corp.		1,062		32,784
TE Connectivity Ltd.		928		102,414
Teledyne Technologies, Inc.(a)		135		45,558
Trimble, Inc.(a)		721		39,129
Venture Corp. Ltd.		462		5,250
Yaskawa Electric Corp.(b)		638		18,360
Yokogawa Electric Corp.		634		9,988
Zebra Technologies Corp. - Class A(a)		152		39,826
				1,154,655
IT Services – 2.2%
Accenture PLC - Class A		1,825		469,572
Adyen NV(a) (c)		63		78,571
Affirm Holdings, Inc.(a) (b)		554		10,393
Akamai Technologies, Inc.(a)		462		37,108
Amadeus IT Group SA(a)		1,298		60,179
Automatic Data Processing, Inc.		1,210		273,690
Bechtle AG		236		8,484
Black Knight, Inc.(a)		449		29,064
Block, Inc.(a)		1,495		82,210
Broadridge Financial Solutions, Inc.		338		48,780
Capgemini SE		472		75,567
CGI, Inc.(a)		625		47,051
Cognizant Technology Solutions Corp. - Class A		1,501		86,217

1

Company	Shares		U.S. $ Value
Computershare Ltd.		1,565	$	24,962
Edenred		719		33,125
EPAM Systems, Inc.(a)		165		59,761
Fidelity National Information Services, Inc.		1,760		133,003
Fiserv, Inc.(a)		1,769		165,525
FleetCor Technologies, Inc.(a)		212		37,348
Fujitsu Ltd.		551		60,418
Gartner, Inc.(a)		232		64,192
Global Payments, Inc.		811		87,629
GMO Payment Gateway, Inc.(b)		164		11,242
GoDaddy, Inc. - Class A(a)		466		33,030
International Business Machines Corp.		2,591		307,837
Itochu Techno-Solutions Corp.		255		5,977
Jack Henry & Associates, Inc.		210		38,277
Mastercard, Inc. - Class A		2,502		711,419
MongoDB, Inc.(a)		196		38,918
NEC Corp.		709		22,702
Nexi SpA(a) (b) (c)		1,511		12,206
Nomura Research Institute Ltd.		954		23,300
NTT Data Corp.		1,722		22,243
Nuvei Corp.(a) (b) (c)		188		5,081
Obic Co., Ltd.		221		29,635
Okta, Inc.(a)		434		24,682
Otsuka Corp.		330		10,292
Paychex, Inc.		936		105,029
PayPal Holdings, Inc.(a)		3,169		272,756
SCSK Corp.		392		5,935
Shopify, Inc. - Class A(a)		3,289		88,549
Snowflake, Inc. - Class A(a)		642		109,114
SS&C Technologies Holdings, Inc.		661		31,563
TIS, Inc.		594		15,770
Twilio, Inc. - Class A(a)		495		34,224
VeriSign, Inc.(a)		284		49,331
Visa, Inc. - Class A(b)		4,741		842,239
Western Union Co. (The)		1,112		15,012
Wix.com Ltd.(a)		165		12,908
Worldline SA/France(a) (c)		688		27,194
				4,879,314
Semiconductors & Semiconductor Equipment – 2.3%
Advanced Micro Devices, Inc.(a)		4,668		295,764
Advantest Corp.		577		26,646
Analog Devices, Inc.		1,498		208,731
Applied Materials, Inc.		2,506		205,317
ASM International NV		135		30,227
ASML Holding NV		1,171		485,121
Broadcom, Inc.		1,164		516,828
Disco Corp.		156		34,390
Enphase Energy, Inc.(a)		389		107,936
Entegris, Inc.		429		35,616
Infineon Technologies AG		3,761		82,306
Intel Corp.		11,779		303,545
KLA Corp.		430		130,131
Lam Research Corp.		400		146,400
Lasertec Corp.(b)		271		27,258

2

Company	Shares		U.S. $ Value
Marvell Technology, Inc.		2,448	$	105,044
Microchip Technology, Inc.		1,597		97,465
Micron Technology, Inc.		3,217		161,172
Monolithic Power Systems, Inc.		128		46,515
NVIDIA Corp.		7,213		875,586
NXP Semiconductors NV		757		111,665
ON Semiconductor Corp.(a)		1,252		78,037
Qorvo, Inc.(a)		306		24,299
QUALCOMM, Inc.		3,227		364,586
Renesas Electronics Corp.(a) (b)		3,317		27,807
Rohm Co., Ltd.		279		18,285
Skyworks Solutions, Inc.		464		39,565
SolarEdge Technologies, Inc.(a)		160		37,034
STMicroelectronics NV		1,969		61,191
SUMCO Corp.		934		10,882
Teradyne, Inc.		462		34,719
Texas Instruments, Inc.		2,657		411,250
Tokyo Electron Ltd.(b)		430		105,950
Tower Semiconductor Ltd.(a)		314		13,707
				5,260,975
Software – 3.9%
Adobe, Inc.(a)		1,362		374,822
ANSYS, Inc.(a)		251		55,647
AppLovin Corp. - Class A(a)		344		6,705
Autodesk, Inc.(a)		627		117,124
Avalara, Inc.(a)		253		23,225
AVEVA Group PLC		347		11,972
Bentley Systems, Inc. - Class B		556		17,008
Bill.com Holdings, Inc.(a)		271		35,872
BlackBerry Ltd.(a)		1,579		7,441
Cadence Design Systems, Inc.(a)		795		129,927
Ceridian HCM Holding, Inc.(a)		396		22,128
Check Point Software Technologies Ltd.(a)		296		33,158
Citrix Systems, Inc.		365		37,923
Cloudflare, Inc. - Class A(a)		729		40,321
Coinbase Global, Inc. - Class A(a)		350		22,572
Constellation Software, Inc./Canada		58		80,705
Coupa Software, Inc.(a)		216		12,701
Crowdstrike Holdings, Inc. - Class A(a)		584		96,249
CyberArk Software Ltd.(a)		118		17,693
Dassault Systemes SE		1,920		66,288
Datadog, Inc. - Class A(a)		693		61,525
DocuSign, Inc.(a)		576		30,799
Dropbox, Inc. - Class A(a)		844		17,488
Fair Isaac Corp.(a)		75		30,901
Fortinet, Inc.(a)		1,965		96,540
Guidewire Software, Inc.(a)		229		14,102
HubSpot, Inc.(a)		131		35,386
Intuit, Inc.		772		299,011
Lightspeed Commerce, Inc.(a)		386		6,793
Microsoft Corp.		20,468		4,766,997
Nemetschek SE		166		7,879

3

Company	Shares		U.S. $ Value
Nice Ltd.(a)		183	$	34,436
NortonLifeLock, Inc.		1,661		33,453
Open Text Corp.		779		20,589
Oracle Corp.		4,612		281,655
Oracle Corp.Japan		142		7,527
Palantir Technologies, Inc. - Class A(a)		4,766		38,748
Palo Alto Networks, Inc.(a)		846		138,566
Paycom Software, Inc.(a)		148		48,839
PTC, Inc.(a)		320		33,472
RingCentral, Inc. - Class A(a)		232		9,271
Roper Technologies, Inc.		306		110,050
Sage Group PLC (The)		2,934		22,611
Salesforce, Inc.(a)		2,863		411,814
SAP SE		3,008		245,137
ServiceNow, Inc.(a)		578		218,259
Splunk, Inc.(a)		464		34,893
Synopsys, Inc.(a)		441		134,730
Temenos AG (REG)		183		12,337
Trade Desk, Inc. (The) - Class A(a)		1,274		76,121
Trend Micro, Inc./Japan		389		20,953
Tyler Technologies, Inc.(a)		120		41,700
Unity Software, Inc.(a) (b)		554		17,650
VMware, Inc. - Class A		607		64,621
WiseTech Global Ltd.		423		13,820
Workday, Inc. - Class A(a)		574		87,374
Xero Ltd.(a)		388		17,955
Zendesk, Inc.(a)		348		26,483
Zoom Video Communications, Inc. - Class A(a)		653		48,054
Zscaler, Inc.(a)		244		40,106
				8,868,126
Technology Hardware, Storage & Peripherals – 3.0%
Apple, Inc.		46,624		6,443,437
Brother Industries Ltd.		585		10,107
Canon, Inc.		2,811		61,400
Dell Technologies, Inc. - Class C		790		26,994
FUJIFILM Holdings Corp.		1,009		46,086
Hewlett Packard Enterprise Co.		3,745		44,865
HP, Inc.		3,034		75,607
Logitech International SA (REG)(b)		499		22,813
NetApp, Inc.		641		39,646
Ricoh Co., Ltd.(b)		1,572		11,511
Seagate Technology Holdings PLC		588		31,299
Seiko Epson Corp.(b)		792		10,814
Western Digital Corp.(a)		902		29,360
				6,853,939
				27,848,070
Health Care – 8.1%
Biotechnology – 1.1%
AbbVie, Inc.		5,091		683,263
Alnylam Pharmaceuticals, Inc.(a)		348		69,656
Amgen, Inc.		1,539		346,891

4

Company	Shares		U.S. $ Value
Argenx SE(a)		159	$	57,423
Biogen, Inc.(a)		422		112,674
BioMarin Pharmaceutical, Inc.(a)		533		45,182
CSL Ltd.		1,388		252,432
Exact Sciences Corp.(a)		507		16,472
Genmab A/S(a)		190		61,124
Gilead Sciences, Inc.		3,613		222,886
Grifols SA(a) (b)		859		7,421
Horizon Therapeutics PLC(a)		629		38,929
Incyte Corp.(a)		543		36,185
Moderna, Inc.(a)		974		115,175
Neurocrine Biosciences, Inc.(a)		276		29,314
Regeneron Pharmaceuticals, Inc.(a)		312		214,927
Seagen, Inc.(a)		398		54,458
Swedish Orphan Biovitrum AB(a)		486		9,393
Vertex Pharmaceuticals, Inc.(a)		737		213,391
				2,587,196
Health Care Equipment & Supplies – 1.4%
Abbott Laboratories		5,044		488,057
ABIOMED, Inc.(a)		132		32,427
Alcon, Inc.		1,440		83,643
Align Technology, Inc.(a)		216		44,736
Asahi Intecc Co., Ltd.(b)		541		8,628
Avantor, Inc.(a)		1,758		34,457
Baxter International, Inc.		1,451		78,151
Becton Dickinson and Co.		822		183,166
BioMerieux		121		9,571
Boston Scientific Corp.(a)		4,118		159,490
Carl Zeiss Meditec AG		116		12,049
Cochlear Ltd.(b)		190		23,601
Coloplast A/S - Class B		343		34,857
Cooper Cos., Inc. (The)		142		37,474
Demant A/S(a)		265		6,551
DENTSPLY SIRONA, Inc.		620		17,577
Dexcom, Inc.(a)		1,131		91,091
DiaSorin SpA(b)		73		8,146
Edwards Lifesciences Corp.(a)		1,791		147,990
Fisher & Paykel Healthcare Corp., Ltd.		1,662		17,226
Getinge AB - Class B		658		11,253
GN Store Nord AS		375		6,569
Hologic, Inc.(a)		719		46,390
Hoya Corp.		1,048		100,984
IDEXX Laboratories, Inc.(a)		242		78,844
Insulet Corp.(a)		200		45,880
Intuitive Surgical, Inc.(a)		1,034		193,813
Koninklijke Philips NV(b)		2,546		39,200
Masimo Corp.(a)		152		21,456
Medtronic PLC		3,834		309,596
Novocure Ltd.(a) (b)		271		20,591
Olympus Corp.		3,480		66,947
ResMed, Inc.		422		92,123

5

Company	Shares		U.S. $ Value
Siemens Healthineers AG(c)		812	$	34,831
Smith & Nephew PLC		2,512		28,995
Sonova Holding AG (REG)		155		34,109
STERIS PLC		289		48,055
Straumann Holding AG (REG)		322		29,450
Stryker Corp.		981		198,692
Sysmex Corp.		491		26,237
Teleflex, Inc.		136		27,399
Terumo Corp.		1,851		52,032
Zimmer Biomet Holdings, Inc.		604		63,148
				3,095,482
Health Care Providers & Services – 1.5%
AmerisourceBergen Corp.		453		61,305
Amplifon SpA		358		9,327
Cardinal Health, Inc.		785		52,344
Centene Corp.(a)		1,685		131,110
Cigna Corp.		914		253,608
CVS Health Corp.		3,778		360,308
DaVita, Inc.(a)		164		13,574
Elevance Health, Inc.		695		315,697
Fresenius Medical Care AG & Co. KGaA		591		16,650
Fresenius SE & Co. KGaA		1,206		25,706
HCA Healthcare, Inc.		681		125,161
Henry Schein, Inc.(a)		398		26,176
Humana, Inc.		365		177,094
Laboratory Corp. of America Holdings		267		54,684
McKesson Corp.		419		142,406
Molina Healthcare, Inc.(a)		170		56,073
Quest Diagnostics, Inc.		338		41,469
Ramsay Health Care Ltd.(b)		527		19,345
Sonic Healthcare Ltd.		1,313		25,610
UnitedHealth Group, Inc.		2,703		1,365,123
Universal Health Services, Inc. - Class B		194		17,107
				3,289,877
Health Care Technology – 0.0%
M3, Inc.		1,230		34,344
Teladoc Health, Inc.(a) (b)		464		11,762
Veeva Systems, Inc. - Class A(a)		404		66,612
				112,718
Life Sciences Tools & Services – 0.8%
Agilent Technologies, Inc.		862		104,776
Bachem Holding AG (REG)		96		6,038
Bio-Rad Laboratories, Inc. - Class A(a)		65		27,114
Bio-Techne Corp.		113		32,092
Charles River Laboratories International, Inc.(a)		147		28,930
Danaher Corp.		1,990		513,997
Eurofins Scientific SE		388		23,033
Illumina, Inc.(a)		453		86,428
IQVIA Holdings, Inc.(a)		546		98,903
Lonza Group AG (REG)		215		104,682
Mettler-Toledo International, Inc.(a)		66		71,552
PerkinElmer, Inc.		364		43,800
QIAGEN NV(a)		655		27,277

6

Company	Shares		U.S. $ Value
Sartorius AG (Preference Shares)		71	$	24,559
Sartorius Stedim Biotech		80		24,539
Thermo Fisher Scientific, Inc.		1,128		572,110
Waters Corp.(a)		174		46,898
West Pharmaceutical Services, Inc.		214		52,661
				1,889,389
Pharmaceuticals – 3.3%
Astellas Pharma, Inc.		5,285		70,012
AstraZeneca PLC		4,464		490,725
Bausch Health Cos., Inc.(a)		780		5,387
Bayer AG		2,830		130,391
Bristol-Myers Squibb Co.		6,133		435,995
Catalent, Inc.(a)		491		35,529
Chugai Pharmaceutical Co., Ltd.		1,883		47,043
Daiichi Sankyo Co., Ltd.		5,058		141,375
Eisai Co., Ltd.		745		39,976
Elanco Animal Health, Inc.(a)		1,229		15,252
Eli Lilly & Co.		2,327		752,435
GSK PLC		11,716		169,211
Hikma Pharmaceuticals PLC		477		7,190
Ipsen SA		109		10,088
Jazz Pharmaceuticals PLC(a)		180		23,992
Johnson & Johnson		7,580		1,238,269
Kyowa Kirin Co., Ltd.		705		16,209
Merck & Co., Inc.		7,285		627,384
Merck KGaA		373		60,382
Nippon Shinyaku Co., Ltd.		106		5,408
Novartis AG (REG)		6,232		475,108
Novo Nordisk A/S - Class B		4,769		475,077
Ono Pharmaceutical Co., Ltd.		994		23,219
Orion Oyj - Class B		307		12,927
Otsuka Holdings Co., Ltd.		1,078		34,135
Pfizer, Inc.		16,163		707,293
Recordati Industria Chimica e Farmaceutica SpA		301		11,016
Roche Holding AG (BR)(b)		77		30,079
Roche Holding AG (Genusschein)		2,024		658,878
Royalty Pharma PLC - Class A		1,003		40,301
Sanofi		3,280		249,760
Shionogi & Co., Ltd.		759		36,655
Takeda Pharmaceutical Co., Ltd.(b)		4,343		112,778
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		3,198		25,808
UCB SA		364		25,261
Viatris, Inc.		3,492		29,752
Zoetis, Inc.		1,356		201,081
				7,471,381
				18,446,043
Financials – 7.8%
Banks – 3.3%
ABN AMRO Bank NV(b) (c)		1,218		10,914
Australia & New Zealand Banking Group Ltd.		8,585		125,674
Banco Bilbao Vizcaya Argentaria SA(b)		19,207		86,160
Banco Santander SA		49,203		114,490
Bank Hapoalim BM		3,658		30,879

7

Company	Shares		U.S. $ Value
Bank Leumi Le-Israel BM		4,447	$	37,981
Bank of America Corp.		20,888		630,818
Bank of Montreal(b)		1,935		169,595
Bank of Nova Scotia (The)		3,446		163,899
Barclays PLC		48,231		76,742
BNP Paribas SA		3,200		135,166
BOC Hong Kong Holdings Ltd.		10,031		33,360
CaixaBank SA		12,770		41,131
Canadian Imperial Bank of Commerce(b)		2,598		113,711
Chiba Bank Ltd. (The)(b)		1,514		8,199
Citigroup, Inc.		5,594		233,102
Citizens Financial Group, Inc.		1,427		49,032
Commerzbank AG(a)		3,066		21,827
Commonwealth Bank of Australia(b)		4,916		285,988
Concordia Financial Group Ltd.		3,121		9,686
Credit Agricole SA		3,486		28,299
Danske Bank A/S		1,986		24,719
DBS Group Holdings Ltd.		5,175		119,715
DNB Bank ASA		2,679		42,511
Erste Group Bank AG		990		21,703
Fifth Third Bancorp		1,976		63,153
FinecoBank Banca Fineco SpA		1,757		21,700
First Citizens BancShares, Inc./NC - Class A		35		27,910
First Republic Bank/CA		518		67,625
Hang Seng Bank Ltd.		1,305		19,826
HSBC Holdings PLC		57,899		299,793
Huntington Bancshares, Inc./OH		4,145		54,631
ING Groep NV		11,254		96,429
Intesa Sanpaolo SpA		47,576		78,644
Israel Discount Bank Ltd. - Class A		3,563		17,941
Japan Post Bank Co., Ltd.		1,118		7,815
JPMorgan Chase & Co.		8,461		884,174
KBC Group NV		721		34,214
KeyCorp		2,686		43,030
Lloyds Banking Group PLC		200,606		90,671
M&T Bank Corp.		517		91,157
Mediobanca Banca di Credito Finanziario SpA		1,743		13,638
Mitsubishi UFJ Financial Group, Inc.		34,387		155,777
Mizrahi Tefahot Bank Ltd.		443		15,509
Mizuho Financial Group, Inc.		6,854		74,192
National Australia Bank Ltd.		9,246		171,196
National Bank of Canada		969		60,735
Natwest Group PLC		15,418		38,402
Nordea Bank Abp		9,824		84,076
Oversea-Chinese Banking Corp., Ltd.		9,327		76,424
PNC Financial Services Group, Inc. (The)		1,192		178,109
Regions Financial Corp.		2,691		54,008
Resona Holdings, Inc.(b)		6,222		22,769
Royal Bank of Canada		4,084		367,703
Shizuoka Bank Ltd. (The)(a) (b) (d) (e)		1,194		7,223
Signature Bank/New York NY		182		27,482
Skandinaviska Enskilda Banken AB - Class A		4,688		44,680
Societe Generale SA		2,290		45,287
Standard Chartered PLC		7,266		45,446
Sumitomo Mitsui Financial Group, Inc.		3,733		103,484
Sumitomo Mitsui Trust Holdings, Inc.		917		26,079
SVB Financial Group(a)		170		57,083
Svenska Handelsbanken AB - Class A		4,201		34,486
Swedbank AB - Class A		2,608		34,232

8

Company	Shares		U.S. $ Value
Toronto-Dominion Bank (The)(b)		5,239	$	321,315
Truist Financial Corp.		3,835		166,976
UniCredit SpA		5,977		60,512
United Overseas Bank Ltd.		2,692		48,759
US Bancorp		4,066		163,941
Webster Financial Corp.		513		23,188
Wells Fargo & Co.		10,919		439,162
Westpac Banking Corp.		10,085		133,424
				7,609,311
Capital Markets – 1.8%
3i Group PLC		2,803		33,657
Abrdn PLC		6,281		9,608
Ameriprise Financial, Inc.		317		79,868
Amundi SA(c)		176		7,327
ASX Ltd.(b)		558		25,681
Bank of New York Mellon Corp. (The)		2,211		85,168
BlackRock, Inc.		437		240,472
Blackstone, Inc.		2,019		168,990
Brookfield Asset Management, Inc. - Class A (Canada)		4,058		166,010
Carlyle Group, Inc. (The)		573		14,806
Cboe Global Markets, Inc.		306		35,915
Charles Schwab Corp. (The)		4,188		300,992
CME Group, Inc.		1,036		183,507
Credit Suisse Group AG (REG)		7,635		30,201
Daiwa Securities Group, Inc.(b)		3,763		14,769
Deutsche Bank AG (REG)		5,953		44,076
Deutsche Boerse AG		548		89,832
EQT AB(b)		858		16,578
Euronext NV(c)		247		15,632
FactSet Research Systems, Inc.		110		44,012
Franklin Resources, Inc.(b)		864		18,593
Futu Holdings Ltd. (ADR)(a) (b)		150		5,594
Goldman Sachs Group, Inc. (The)		990		290,119
Hargreaves Lansdown PLC		1,024		9,807
Hong Kong Exchanges & Clearing Ltd.		3,590		122,715
IGM Financial, Inc.(b)		241		6,005
Intercontinental Exchange, Inc.		1,608		145,283
Invesco Ltd.		983		13,467
Japan Exchange Group, Inc.		1,388		18,759
Julius Baer Group Ltd.(a)		637		27,798
KKR & Co., Inc.		1,622		69,746
London Stock Exchange Group PLC		950		80,226
LPL Financial Holdings, Inc.		231		50,469
Macquarie Group Ltd.		1,050		102,438
MarketAxess Holdings, Inc.		109		24,251
Moody’s Corp.		479		116,450
Morgan Stanley		3,780		298,658
MSCI, Inc.		234		98,699
Nasdaq, Inc.		996		56,453
Nomura Holdings, Inc.		8,321		27,566
Northern Trust Corp.		571		48,855
Onex Corp.(b)		210		9,632
Partners Group Holding AG		66		53,116
Raymond James Financial, Inc.		560		55,339
S&P Global, Inc.		1,000		305,350

9

Company	Shares		U.S. $ Value
SBI Holdings, Inc./Japan(b)		695	$	12,472
Schroders PLC		2,082		8,949
SEI Investments Co.		336		16,481
Singapore Exchange Ltd.		1,635		10,726
St. James’s Place PLC		1,565		17,823
State Street Corp.		1,058		64,337
T. Rowe Price Group, Inc.		655		68,782
TMX Group Ltd.		161		14,809
Tradeweb Markets, Inc. - Class A		310		17,490
UBS Group AG (REG)		10,132		146,995
				4,041,353
Consumer Finance – 0.2%
Ally Financial, Inc.		930		25,882
American Express Co.		1,844		248,774
Capital One Financial Corp.		1,133		104,429
Discover Financial Services		810		73,645
Synchrony Financial		1,444		40,706
				493,436
Diversified Financial Services – 0.6%
Apollo Global Management, Inc.		1,158		53,847
Berkshire Hathaway, Inc. - Class B(a)		3,704		989,042
Equitable Holdings, Inc.		1,097		28,906
Eurazeo SE		126		6,575
EXOR NV(a) (d) (e)		313		20,086
Groupe Bruxelles Lambert NV		287		20,071
Industrivarden AB - Class A		375		7,554
Industrivarden AB - Class C		443		8,835
Investor AB - Class A		1,436		22,005
Investor AB - Class B		5,248		76,575
Kinnevik AB - Class B(a) (b)		698		9,148
L E Lundbergforetagen AB - Class B		219		7,906
M&G PLC		7,406		13,643
Mitsubishi HC Capital, Inc.(b)		1,823		7,836
ORIX Corp.		3,431		48,065
Sofina SA(b)		45		7,766
Wendel SE		77		5,511
				1,333,371
Insurance – 1.9%
Admiral Group PLC		518		11,004
Aegon NV		5,157		20,499
Aflac, Inc.		1,763		99,081
Ageas SA/NV		464		16,923
AIA Group Ltd.		34,637		288,384
Alleghany Corp.(a)		39		32,735
Allianz SE (REG)		1,177		185,418
Allstate Corp. (The)		792		98,628
American Financial Group, Inc./OH		208		25,569
American International Group, Inc.		2,282		108,349
Aon PLC - Class A		612		163,936
Arch Capital Group Ltd.(a)		1,082		49,274
Arthur J Gallagher & Co.		606		103,759
Assicurazioni Generali SpA(b)		3,199		43,680
Assurant, Inc.		156		22,662
Aviva PLC		8,149		34,950

10

Company	Shares		U.S. $ Value
AXA SA		5,384	$	117,548
Baloise Holding AG (REG)		132		16,866
Brown & Brown, Inc.		691		41,792
Chubb Ltd.		1,228		223,349
Cincinnati Financial Corp.		439		39,321
Dai-ichi Life Holdings, Inc.		2,813		44,728
Erie Indemnity Co. - Class A		74		16,451
Everest Re Group Ltd.		114		29,918
Fairfax Financial Holdings Ltd.		67		30,600
Fidelity National Financial, Inc.		768		27,802
Gjensidige Forsikring ASA		576		9,884
Globe Life, Inc.		270		26,919
Great-West Lifeco, Inc.		805		17,378
Hannover Rueck SE		174		26,084
Hartford Financial Services Group, Inc. (The)		947		58,657
iA Financial Corp., Inc.		310		15,752
Insurance Australia Group Ltd.		7,101		21,007
Intact Financial Corp.		507		71,751
Japan Post Holdings Co., Ltd.		6,767		44,833
Japan Post Insurance Co., Ltd.		492		6,891
Legal & General Group PLC		17,198		41,051
Lincoln National Corp.		471		20,682
Loews Corp.		603		30,054
Manulife Financial Corp.		5,543		86,996
Markel Corp.(a)		40		43,369
Marsh & McLennan Cos., Inc.		1,446		215,873
Medibank Pvt Ltd.		7,933		17,732
MetLife, Inc.		1,991		121,013
MS&AD Insurance Group Holdings, Inc.		1,292		34,216
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (REG)		404		97,251
NN Group NV		804		31,271
Phoenix Group Holdings PLC		2,159		12,574
Poste Italiane SpA(c)		1,504		11,363
Power Corp. of Canada(b)		1,597		35,990
Principal Financial Group, Inc.		728		52,525
Progressive Corp. (The)		1,685		195,814
Prudential Financial, Inc.		1,080		92,642
Prudential PLC		7,919		77,508
QBE Insurance Group Ltd.		4,272		31,697
Sampo Oyj - Class A		1,379		58,872
Sompo Holdings, Inc.		891		35,650
Sun Life Financial, Inc.		1,688		67,124
Suncorp Group Ltd.		3,637		23,469
Swiss Life Holding AG (REG)		91		40,205
Swiss Re AG		869		64,092
T&D Holdings, Inc.		1,496		14,220
Tokio Marine Holdings, Inc.(b)		5,412		96,188
Travelers Cos., Inc. (The)		692		106,014
Tryg A/S		1,037		21,408
Willis Towers Watson PLC		322		64,703
WR Berkley Corp.		611		39,458
Zurich Insurance Group AG		434		173,014
				4,246,420
Mortgage Real Estate Investment Trusts (REITs) – 0.0%
Annaly Capital Management, Inc.		1,242		21,308
				17,745,199

11

Company	Shares		U.S. $ Value
Consumer Discretionary – 6.6%
Auto Components – 0.2%
Aisin Corp.(b)		343	$	8,829
Aptiv PLC(a)		781		61,082
BorgWarner, Inc.		690		21,666
Bridgestone Corp.		1,668		53,945
Cie Generale des Etablissements Michelin SCA		1,954		43,781
Continental AG		317		14,066
Denso Corp.(b)		1,260		57,611
Koito Manufacturing Co., Ltd.		462		6,317
Lear Corp.		173		20,706
Magna International, Inc.(b)		807		38,283
Sumitomo Electric Industries Ltd.		2,019		20,496
Valeo		593		8,960
				355,742
Automobiles – 1.5%
Bayerische Motoren Werke AG		954		64,660
Bayerische Motoren Werke AG (Preference Shares)		171		11,104
Ferrari NV		363		67,223
Ford Motor Co.		11,375		127,400
General Motors Co.		3,990		128,039
Honda Motor Co., Ltd.		4,623		100,346
Isuzu Motors Ltd.		1,612		17,825
Lucid Group, Inc.(a) (b)		1,201		16,778
Mazda Motor Corp.		1,565		10,392
Mercedes-Benz Group AG		2,311		116,860
Nissan Motor Co., Ltd.		6,679		21,524
Porsche Automobil Holding SE (Preference Shares)		441		24,847
Renault SA(a)		554		14,989
Rivian Automotive, Inc. - Class A(a) (b)		900		29,619
Stellantis NV		6,339		74,879
Subaru Corp.		1,681		25,404
Suzuki Motor Corp.		1,081		33,652
Tesla, Inc.(a)		7,611		2,018,818
Toyota Motor Corp.		30,470		398,256
Volkswagen AG		85		13,852
Volkswagen AG (Preference Shares)		535		65,373
Volvo Car AB - Class B(a) (b)		1,716		7,446
Yamaha Motor Co., Ltd.		795		14,895
				3,404,181
Distributors – 0.1%
D’ieteren Group		72		10,145
Genuine Parts Co.		408		60,923
LKQ Corp.		774		36,494
Pool Corp.		116		36,912
				144,474
Diversified Consumer Services – 0.0%
IDP Education Ltd.(b)		601		10,096
Hotels, Restaurants & Leisure – 1.0%
Accor SA(a)		490		10,258

12

Company	Shares		U.S. $ Value
Airbnb, Inc. - Class A(a)		1,082	$	113,653
Aramark		667		20,810
Aristocrat Leisure Ltd.		1,736		36,606
Booking Holdings, Inc.(a)		118		193,899
Caesars Entertainment, Inc.(a)		618		19,937
Carnival Corp.(a)		2,830		19,895
Chipotle Mexican Grill, Inc.(a)		81		121,724
Compass Group PLC		5,138		102,310
Darden Restaurants, Inc.		360		45,475
Domino’s Pizza Enterprises Ltd.(b)		174		5,733
Domino’s Pizza, Inc.		104		32,261
Entain PLC		1,694		20,254
Evolution AB(c)		527		41,658
Expedia Group, Inc.(a)		437		40,943
Flutter Entertainment PLC(a)		481		53,021
Galaxy Entertainment Group Ltd.		5,343		31,406
Genting Singapore Ltd.(b)		16,869		9,167
Hilton Worldwide Holdings, Inc.		802		96,737
InterContinental Hotels Group PLC		530		25,526
La Francaise des Jeux SAEM(c)		302		8,958
Las Vegas Sands Corp.(a)		990		37,145
Lottery Corp. Ltd. (The)(a)		6,411		17,181
Marriott International, Inc./MD - Class A		802		112,392
McDonald’s Corp.		2,131		491,707
McDonald’s Holdings Co. Japan Ltd.		192		6,690
MGM Resorts International		982		29,185
Oriental Land Co., Ltd./Japan		581		78,800
Restaurant Brands International, Inc.		845		44,949
Royal Caribbean Cruises Ltd.(a)		661		25,052
Sands China Ltd.(a)		6,020		14,991
Sodexo SA		255		19,151
Starbucks Corp.		3,304		278,395
Vail Resorts, Inc.		117		25,230
Whitbread PLC		582		14,753
Wynn Resorts Ltd.(a) (b)		318		20,044
Yum! Brands, Inc.		822		87,411
				2,353,307
Household Durables – 0.3%
Barratt Developments PLC		2,945		11,130
Berkeley Group Holdings PLC		321		11,728
DR Horton, Inc.		964		64,925
Electrolux AB - Class B(b)		633		6,579
Garmin Ltd.		445		35,738
Iida Group Holdings Co., Ltd.(b)		411		5,563
Lennar Corp. - Class A		745		55,540
Mohawk Industries, Inc.(a)		147		13,405
Newell Brands, Inc.		1,131		15,710
NVR, Inc.(a)		9		35,884
Open House Group Co., Ltd.(b)		200		6,757
Panasonic Holdings Corp.(b)		6,271		44,035
Persimmon PLC		919		12,569
PulteGroup, Inc.		684		25,650
SEB SA		72		4,529
Sekisui Chemical Co., Ltd.		983		12,026

13

Company		Shares		U.S. $ Value
Sekisui House Ltd.			1,689	$	27,974
Sharp Corp./Japan(b)			697		4,156
Sony Group Corp.			3,634		234,082
Taylor Wimpey PLC			10,265		9,995
Whirlpool Corp.			162		21,839
					659,814
Internet & Direct Marketing Retail – 1.5%
Amazon.com, Inc.(a)			26,378		2,980,714
Chewy, Inc. - Class A(a)			268		8,233
Delivery Hero SE(a) (c)			470		17,168
DoorDash, Inc. - Class A(a)			555		27,445
eBay, Inc.			1,613		59,374
Etsy, Inc.(a)			366		36,648
Just Eat Takeaway.com NV(a) (b) (c)			526		8,159
MercadoLibre, Inc.(a)			131		108,439
Prosus NV(a)			2,389		124,291
Rakuten Group, Inc.(b)			2,413		10,326
Wayfair, Inc. - Class A(a) (b)			218		7,096
Zalando SE(a) (c)			641		12,521
ZOZO, Inc.			271		5,425
					3,405,839
Leisure Products – 0.1%
Bandai Namco Holdings, Inc.			579		37,732
BRP, Inc.(b)			110		6,776
Hasbro, Inc.			382		25,754
Shimano, Inc.			260		40,681
Yamaha Corp.	��		394		14,001
					124,944
Multiline Retail – 0.3%
Canadian Tire Corp., Ltd. - Class A(b)			162		17,246
Cie Financiere Richemont SA (REG)			1,504		141,971
Dollar General Corp.			654		156,868
Dollar Tree, Inc.(a)			647		88,057
Dollarama, Inc.(b)			799		45,869
Next PLC			376		19,956
Pan Pacific International Holdings Corp.			1,071		18,893
Target Corp.			1,336		198,249
Wesfarmers Ltd.			3,267		89,315
					776,424
Specialty Retail – 1.0%
Advance Auto Parts, Inc.			175		27,360
AutoZone, Inc.(a)			57		122,090
Bath & Body Works, Inc.			687		22,396
Best Buy Co., Inc.			583		36,927
Burlington Stores, Inc.(a)			191		21,371
CarMax, Inc.(a)			462		30,501
Chow Tai Fook Jewellery Group Ltd.			5,000		9,397
Dynatrace, Inc.(a)			578		20,120
Fast Retailing Co., Ltd.			219		116,058

14

Company	Shares		U.S. $ Value
H & M Hennes & Mauritz AB - Class B(b)		2,103	$	19,443
Hikari Tsushin, Inc.		86		10,102
Home Depot, Inc. (The)		2,961		817,058
Industria de Diseno Textil SA		3,142		64,840
JD Sports Fashion PLC		7,429		8,184
Kingfisher PLC		5,809		14,140
Lowe’s Cos., Inc.		1,841		345,758
Nitori Holdings Co., Ltd.(b)		213		17,875
O’Reilly Automotive, Inc.(a)		190		133,637
Ross Stores, Inc.		1,012		85,281
TJX Cos., Inc. (The)		3,375		209,655
Tractor Supply Co.		323		60,039
Ulta Beauty, Inc.(a)		150		60,179
USS Co., Ltd.		553		8,541
				2,260,952
Textiles, Apparel & Luxury Goods – 0.6%
adidas AG		498		57,251
Burberry Group PLC		1,142		22,812
EssilorLuxottica SA		829		112,680
Gildan Activewear, Inc.		538		15,209
Hermes International		92		108,203
Kering SA		216		95,806
Lululemon Athletica, Inc.(a)		337		94,212
LVMH Moet Hennessy Louis Vuitton SE		800		471,660
Moncler SpA		591		24,127
NIKE, Inc. - Class B		3,655		303,804
Pandora A/S		261		12,206
Puma SE		304		14,063
Swatch Group AG (The)		84		18,866
Swatch Group AG (The) (REG)		152		6,368
VF Corp.		951		28,444
				1,385,711
				14,881,484
Industrials – 5.8%
Aerospace & Defense – 0.9%
Airbus SE		1,703		146,799
BAE Systems PLC		9,091		79,877
Boeing Co. (The)(a)		1,619		196,029
CAE, Inc.(a)		913		14,005
Dassault Aviation SA		72		8,192
Elbit Systems Ltd.		77		14,579
General Dynamics Corp.		680		144,276
HEICO Corp.		126		18,141
HEICO Corp. - Class A		211		24,185
Howmet Aerospace, Inc.		1,083		33,497
Huntington Ingalls Industries, Inc.		116		25,694
Kongsberg Gruppen ASA		257		7,799
L3Harris Technologies, Inc.		556		115,554
Lockheed Martin Corp.		690		266,540
MTU Aero Engines AG		154		23,016
Northrop Grumman Corp.		426		200,356
Raytheon Technologies Corp.		4,284		350,688
Rheinmetall AG		126		19,400
Rolls-Royce Holdings PLC(a)		24,104		18,460
Safran SA		985		89,625

15

Company	Shares		U.S. $ Value
Singapore Technologies Engineering Ltd.		3,908	$	9,709
Textron, Inc.		620		36,121
Thales SA		308		33,940
TransDigm Group, Inc.		150		78,723
				1,955,205
Air Freight & Logistics – 0.3%
CH Robinson Worldwide, Inc.		367		35,346
Deutsche Post AG (REG)		2,855		86,049
DSV A/S		540		63,259
Expeditors International of Washington, Inc.		483		42,654
FedEx Corp.		710		105,414
Kuehne & Nagel International AG (REG)		157		31,970
Nippon Express Holdings, Inc.		241		12,250
SG Holdings Co., Ltd.		752		10,300
United Parcel Service, Inc. - Class B		2,116		341,818
Yamato Holdings Co., Ltd.(b)		796		11,954
				741,014
Airlines – 0.0%
Air Canada(a)		505		6,069
ANA Holdings, Inc.(a)		395		7,431
Delta Air Lines, Inc.(a)		461		12,935
Deutsche Lufthansa AG (REG)(a)		1,721		9,892
Japan Airlines Co., Ltd.(a)		358		6,411
Qantas Airways Ltd.(a)		2,662		8,543
Singapore Airlines Ltd.(a) (b)		2,936		10,377
Southwest Airlines Co.(a)		427		13,169
				74,827
Building Products – 0.4%
A O Smith Corp.		375		18,218
AGC, Inc.		522		16,251
Allegion PLC		253		22,689
Assa Abloy AB - Class B		2,887		54,091
Carlisle Cos., Inc.		149		41,781
Carrier Global Corp.		2,443		86,873
Cie de Saint-Gobain		1,434		51,274
Daikin Industries Ltd.		719		110,632
Fortune Brands Home & Security, Inc.		377		20,241
Geberit AG (REG)		104		44,594
Johnson Controls International PLC		2,004		98,637
Kingspan Group PLC		445		20,049
Lennox International, Inc.		94		20,931
Lixil Corp.(b)		772		11,327
Masco Corp.		680		31,749
Nibe Industrier AB - Class B		4,365		38,937
Otis Worldwide Corp.		1,218		77,708
Owens Corning		280		22,011
ROCKWOOL A/S - Class B		26		4,101
TOTO Ltd.		361		12,055
Xinyi Glass Holdings Ltd.		5,186		7,500
				811,649
Commercial Services & Supplies – 0.3%
Brambles Ltd.		4,135		30,249

16

Company	Shares		U.S. $ Value
Cintas Corp.		266	$	103,259
Copart, Inc.(a)		616		65,542
Dai Nippon Printing Co., Ltd.		566		11,339
GFL Environmental, Inc.(b)		523		13,217
Rentokil Initial PLC		5,369		28,458
Republic Services, Inc.		637		86,658
Ritchie Bros Auctioneers, Inc.		319		19,932
Rollins, Inc.		638		22,126
Secom Co., Ltd.		570		32,501
Securitas AB - Class B(b)		894		6,206
TOPPAN, Inc.		736		10,964
Waste Connections, Inc.		741		100,131
Waste Management, Inc.		1,196		191,611
				722,193
Construction & Engineering – 0.2%
ACS Actividades de Construccion y Servicios SA		665		14,942
Bouygues SA		661		17,291
Eiffage SA		240		19,246
Epiroc AB - Class A		1,898		27,152
Epiroc AB - Class B		1,123		14,160
Ferrovial SA		1,389		31,528
Kajima Corp.(b)		1,203		11,403
Obayashi Corp.		1,784		11,450
Quanta Services, Inc.		414		52,739
Shimizu Corp.(b)		1,517		7,417
Skanska AB - Class B		980		12,197
Taisei Corp.		500		13,867
Vinci SA		1,537		124,283
WSP Global, Inc.		358		39,424
				397,099
Electrical Equipment – 0.5%
ABB Ltd. (REG)		4,731		122,152
AMETEK, Inc.		665		75,418
Eaton Corp. PLC		1,150		153,364
Emerson Electric Co.		1,711		125,279
Fuji Electric Co., Ltd.		330		12,095
Generac Holdings, Inc.(a)		184		32,778
Legrand SA		771		49,852
Mitsubishi Electric Corp.		5,558		50,289
Nidec Corp.		1,283		71,817
Plug Power, Inc.(a) (b)		1,498		31,473
Prysmian SpA		734		21,025
Rockwell Automation, Inc.		335		72,062
Schneider Electric SE		1,563		176,542
Sensata Technologies Holding PLC		452		16,851
Siemens Energy AG(a)		1,255		13,818
Siemens Gamesa Renewable Energy SA(a) (b)		686		11,960
Vestas Wind Systems A/S		2,909		53,563
				1,090,338
Industrial Conglomerates – 0.5%
3M Co.		1,594		176,137
CK Hutchison Holdings Ltd.		7,047		38,802
DCC PLC		284		14,749
General Electric Co.		3,171		196,317

17

Company	Shares		U.S. $ Value
Hitachi Ltd.(b)		2,822	$	120,093
Honeywell International, Inc.		1,961		327,428
Investment AB Latour - Class B(b)		426		7,049
Jardine Matheson Holdings Ltd.		640		32,357
Keppel Corp., Ltd.		3,974		19,122
Lifco AB - Class B		671		9,309
Melrose Industries PLC		12,595		14,083
Siemens AG (REG)		2,204		215,425
Smiths Group PLC		1,080		17,990
Toshiba Corp.		1,145		40,791
				1,229,652
Machinery – 1.1%
Alfa Laval AB		834		20,681
Alstom SA		915		14,801
Atlas Copco AB - Class A		7,737		71,910
Atlas Copco AB - Class B		4,496		37,267
Caterpillar, Inc.		1,537		252,191
CNH Industrial NV		2,947		32,984
Cummins, Inc.		407		82,829
Daifuku Co., Ltd.		302		14,205
Daimler Truck Holding AG(a)		1,303		29,458
Deere & Co.		837		279,466
Dover Corp.		416		48,497
FANUC Corp.		608		85,372
Fortive Corp.		981		57,192
GEA Group AG		434		14,046
Hitachi Construction Machinery Co., Ltd.		258		4,795
Hoshizaki Corp.		302		8,423
Husqvarna AB - Class B(b)		1,208		6,696
IDEX Corp.		219		43,767
Illinois Tool Works, Inc.		898		162,224
Indutrade AB		787		12,765
Ingersoll Rand, Inc.		1,169		50,571
KION Group AG		207		3,964
Knorr-Bremse AG		209		8,975
Komatsu Ltd.		2,600		47,342
Kone Oyj - Class B		979		37,719
Kubota Corp.		2,851		39,620
Kurita Water Industries Ltd.(b)		279		9,905
Makita Corp.(b)		595		11,546
MINEBEA MITSUMI, Inc.(b)		1,033		15,282
MISUMI Group, Inc.		730		15,719
Mitsubishi Heavy Industries Ltd.		955		31,763
NGK Insulators Ltd.(b)		596		7,418
Nordson Corp.		149		31,628
PACCAR, Inc.		1,002		83,857
Parker-Hannifin Corp.		370		89,655
Pentair PLC		476		19,340
Rational AG		15		7,265
Sandvik AB		3,071		41,862
Schindler Holding AG		118		18,314
Schindler Holding AG (REG)		68		10,246
SKF AB - Class B(b)		1,104		14,790
SMC Corp.		210		85,464
Snap-on, Inc.		154		31,008
Spirax-Sarco Engineering PLC		213		24,485
Stanley Black & Decker, Inc.		435		32,716

18

Company	Shares		U.S. $ Value
Techtronic Industries Co., Ltd.		3,244	$	30,955
Toyota Industries Corp.		406		19,395
Trane Technologies PLC		674		97,602
VAT Group AG(a) (c)		78		15,828
Volvo AB - Class A		576		8,523
Volvo AB - Class B		4,347		61,514
Wartsila OYJ Abp(b)		1,363		8,707
Westinghouse Air Brake Technologies Corp.		500		40,675
Xylem, Inc./NY		519		45,340
				2,378,562
Marine – 0.0%
AP Moller - Maersk A/S - Class A		9		15,901
AP Moller - Maersk A/S - Class B		15		27,258
Mitsui OSK Lines Ltd.(b)		917		16,407
Nippon Yusen KK(b)		1,389		23,577
SITC International Holdings Co., Ltd.		3,000		5,502
ZIM Integrated Shipping Services Ltd.(b)		243		5,711
				94,356
Professional Services – 0.5%
Adecco Group AG (REG)(a)		465		12,834
Booz Allen Hamilton Holding Corp.		381		35,185
Bureau Veritas SA		847		18,954
Clarivate PLC(a)		871		8,179
CoStar Group, Inc.(a)		1,142		79,540
Equifax, Inc.		353		60,515
Experian PLC		2,652		77,631
Intertek Group PLC		465		19,079
Jacobs Solutions, Inc.		369		40,033
Leidos Holdings, Inc.		374		32,714
Nihon M&A Center Holdings, Inc.		797		9,115
Persol Holdings Co., Ltd.		481		8,898
Randstad NV(b)		344		14,847
Recruit Holdings Co., Ltd.		4,086		117,700
RELX PLC (London)		5,545		135,496
Robert Half International, Inc.		319		24,404
SGS SA (REG)		19		40,655
Teleperformance		170		43,126
Thomson Reuters Corp.		491		50,403
TransUnion		554		32,957
Verisk Analytics, Inc.		455		77,591
Wolters Kluwer NV		756		73,614
				1,013,470
Road & Rail – 0.7%
AMERCO		29		14,767
Aurizon Holdings Ltd.		5,302		11,726
Canadian National Railway Co.		1,693		182,837
Canadian Pacific Railway Ltd.		2,679		178,833
Central Japan Railway Co.		407		47,778
CSX Corp.		6,263		166,846
East Japan Railway Co.		893		45,797
Grab Holdings Ltd. - Class A(a) (b)		3,203		8,424
Hankyu Hanshin Holdings, Inc.		638		19,201
JB Hunt Transport Services, Inc.		242		37,854

19

Company	Shares		U.S. $ Value
Keio Corp.(b)		316	$	11,515
Keisei Electric Railway Co., Ltd.(b)		351		9,562
Kintetsu Group Holdings Co., Ltd.(b)		428		14,250
Knight-Swift Transportation Holdings, Inc.		448		21,921
Lyft, Inc. - Class A(a)		879		11,576
MTR Corp., Ltd.		3,764		17,265
Norfolk Southern Corp.		687		144,030
Odakyu Electric Railway Co., Ltd.		826		10,643
Old Dominion Freight Line, Inc.		278		69,158
TFI International, Inc.(b)		237		21,448
Tobu Railway Co., Ltd.(b)		482		11,362
Tokyu Corp.(b)		1,453		16,571
Uber Technologies, Inc.(a)		4,242		112,413
Union Pacific Corp.		1,811		352,819
West Japan Railway Co.(b)		648		24,769
				1,563,365
Trading Companies & Distributors – 0.3%
AerCap Holdings NV(a)		389		16,466
Ashtead Group PLC		1,276		57,305
Brenntag SE		445		26,901
Bunzl PLC		972		29,697
Fastenal Co.		1,658		76,334
Ferguson PLC		618		64,105
ITOCHU Corp.		3,401		82,093
Marubeni Corp.		4,408		38,462
Mitsubishi Corp.(b)		3,611		98,762
Mitsui & Co., Ltd.		3,931		83,651
MonotaRO Co., Ltd.(b)		632		9,698
Reece Ltd.(b)		651		5,850
Sumitomo Corp.		3,189		39,398
Toromont Industries Ltd.(b)		238		16,568
Toyota Tsusho Corp.		592		18,337
United Rentals, Inc.(a)		207		55,915
WW Grainger, Inc.		133		65,062
				784,604
Transportation Infrastructure – 0.1%
Aena SME SA(a) (b) (c)		216		22,416
Aeroports de Paris(a)		86		9,938
Atlantia SpA		1,427		31,488
Auckland International Airport Ltd.(a)		3,605		14,450
Getlink SE		1,267		19,648
Transurban Group		8,845		69,853
				167,793
				13,024,127
Consumer Staples – 4.5%
Beverages – 1.1%
Anheuser-Busch InBev SA/NV		2,502		113,332
Asahi Group Holdings Ltd.		1,264		39,407
Brown-Forman Corp. - Class B		893		59,447
Budweiser Brewing Co. APAC Ltd.(c)		4,137		10,773
Carlsberg AS - Class B		281		32,859

20

Company	Shares		U.S. $ Value
Coca-Cola Co. (The)		11,863	$	664,565
Coca-Cola Europacific Partners PLC		592		25,231
Coca-Cola HBC AG(a)		580		12,119
Constellation Brands, Inc. - Class A		469		107,720
Davide Campari-Milano NV		1,505		13,316
Diageo PLC		6,588		277,312
Heineken Holding NV		291		19,921
Heineken NV		747		65,236
Ito En Ltd.		176		7,119
Keurig Dr Pepper, Inc.		2,247		80,488
Kirin Holdings Co., Ltd.		2,328		35,865
Molson Coors Beverage Co. - Class B		520		24,955
Monster Beverage Corp.(a)		1,145		99,569
PepsiCo, Inc.		3,983		650,265
Pernod Ricard SA		604		110,806
Remy Cointreau SA		67		11,119
Suntory Beverage & Food Ltd.		338		12,029
Treasury Wine Estates Ltd.		2,079		16,728
				2,490,181
Food & Staples Retailing – 0.9%
Aeon Co., Ltd.		1,825		34,079
Alimentation Couche-Tard, Inc.		2,387		96,095
Carrefour SA		1,739		24,118
Coles Group Ltd.		3,849		40,578
Costco Wholesale Corp.		1,277		603,089
Empire Co., Ltd. - Class A		474		11,790
Endeavour Group Ltd./Australia(b)		3,869		17,388
George Weston Ltd.		211		22,092
HelloFresh SE(a)		476		9,964
J Sainsbury PLC		5,052		9,784
Jeronimo Martins SGPS SA		815		15,178
Kesko Oyj - Class B		786		14,664
Kobe Bussan Co., Ltd.(b)		396		9,527
Koninklijke Ahold Delhaize NV(b)		3,012		76,720
Kroger Co. (The)		1,992		87,150
Loblaw Cos., Ltd.(b)		480		38,008
Metro, Inc./CN		691		34,601
Ocado Group PLC(a)		1,662		8,625
Seven & i Holdings Co., Ltd.		2,212		88,856
Sysco Corp.		1,468		103,802
Tesco PLC		21,745		49,906
Walgreens Boots Alliance, Inc.		2,115		66,411
Walmart, Inc.		4,362		565,752
Welcia Holdings Co., Ltd.		240		5,065
Woolworths Group Ltd.(b)		3,496		75,970
				2,109,212
Food Products – 1.0%
Ajinomoto Co., Inc.		1,258		34,383
Archer-Daniels-Midland Co.		1,621		130,409
Associated British Foods PLC		1,026		14,336
Barry Callebaut AG (REG)		11		20,735
Bunge Ltd.		437		36,083
Campbell Soup Co.		608		28,649
Chocoladefabriken Lindt & Spruengli AG		4		38,657
Chocoladefabriken Lindt & Spruengli AG (REG)		1		99,586

21

Company	Shares		U.S. $ Value
Conagra Brands, Inc.		1,382	$	45,095
Danone SA		1,849		87,430
General Mills, Inc.		1,735		132,918
Hershey Co. (The)		421		92,818
Hormel Foods Corp.		863		39,215
JDE Peet’s NV		289		8,450
JM Smucker Co. (The)		313		43,009
Kellogg Co.		730		50,852
Kerry Group PLC - Class A		459		40,912
Kikkoman Corp.		395		22,393
Kraft Heinz Co. (The)		2,115		70,535
McCormick & Co., Inc./MD		721		51,386
MEIJI Holdings Co., Ltd.		320		14,205
Mondelez International, Inc. - Class A		3,987		218,607
Mowi ASA		1,191		15,149
Nestle SA (REG)		8,109		877,048
Nisshin Seifun Group, Inc.(b)		562		5,676
Nissin Foods Holdings Co., Ltd.		164		11,400
Orkla ASA		2,163		15,724
Salmar ASA		170		5,730
Saputo, Inc.(b)		720		17,164
Tyson Foods, Inc. - Class A		840		55,381
WH Group Ltd.(c)		23,359		14,691
Wilmar International Ltd.		5,113		13,603
Yakult Honsha Co., Ltd.		342		19,858
				2,372,087
Household Products – 0.7%
Church & Dwight Co., Inc.		700		50,008
Clorox Co. (The)		355		45,578
Colgate-Palmolive Co.		2,293		161,083
Essity AB - Class B		1,754		34,653
Henkel AG & Co. KGaA		299		16,945
Henkel AG & Co. KGaA (Preference Shares)		513		30,466
Kimberly-Clark Corp.		971		109,276
Procter & Gamble Co., (The)		6,912		872,640
Reckitt Benckiser Group PLC		2,060		136,540
Unicharm Corp.		1,094		35,889
				1,493,078
Personal Products – 0.4%
Beiersdorf AG		291		28,594
Estee Lauder Cos., Inc. (The) - Class A		668		144,221
Haleon PLC(a)		14,630		45,616
Kao Corp.		1,393		56,682
Kobayashi Pharmaceutical Co., Ltd.		138		8,087
Kose Corp.		96		9,898
L’Oreal SA		696		222,540
Shiseido Co., Ltd.		1,163		40,760
Unilever PLC		7,351		323,002
				879,400
Tobacco – 0.4%
Altria Group, Inc.		5,216		210,622
British American Tobacco PLC		6,205		222,496
Imperial Brands PLC		2,600		53,463
Japan Tobacco, Inc.		3,390		55,707
Philip Morris International, Inc.		4,466		370,723

22

Company	Shares		U.S. $ Value
Swedish Match AB		4,392	$	43,445
				956,456
				10,300,414
Communication Services – 4.1%
Diversified Telecommunication Services – 0.9%
AT&T, Inc.		20,622		316,341
BCE, Inc.(b)		210		8,805
Bezeq The Israeli Telecommunication Corp., Ltd.		5,974		9,766
BT Group PLC		20,017		26,909
Cable One, Inc.		16		13,649
Cellnex Telecom SA(c)		1,565		48,275
Charter Communications, Inc. - Class A(a)		339		102,836
Comcast Corp. - Class A		12,878		377,712
Deutsche Telekom AG (REG)		9,336		158,914
Elisa Oyj		410		18,577
HKT Trust & HKT Ltd.		10,744		12,583
Infrastrutture Wireless Italiane SpA(c)		968		8,445
Koninklijke KPN NV(b)		9,515		25,751
Liberty Global PLC - Class A(a)		454		7,078
Liberty Global PLC - Class C(a)		866		14,289
Lumen Technologies, Inc.		2,678		19,496
Nippon Telegraph & Telephone Corp.		3,367		90,816
Orange SA		5,747		51,979
Proximus SADP		438		4,541
Quebecor, Inc. - Class B		462		8,519
Shaw Communications, Inc. - Class B		1,373		33,387
Singapore Telecommunications Ltd.		23,333		43,055
Sirius XM Holdings, Inc.(b)		2,267		12,945
Spark New Zealand Ltd.		5,391		15,083
Swisscom AG (REG)		75		35,118
Telecom Italia SpA/Milano(a) (b)		28,703		5,309
Telefonica Deutschland Holding AG		2,999		6,063
Telefonica SA		15,093		49,896
Telenor ASA		2,015		18,441
Telia Co. AB		7,657		22,053
Telstra Corp., Ltd.(b)		11,698		28,885
TELUS Corp.		1,339		26,589
United Internet AG (REG)		279		5,216
Verizon Communications, Inc.		12,098		459,361
Washington H Soul Pattinson & Co., Ltd.(b)		623		10,710
				2,097,392
Entertainment – 0.7%
Activision Blizzard, Inc.		2,253		167,488
AMC Entertainment Holdings, Inc.(a)		1,467		3,976
AMC Entertainment Holdings, Inc. - Class A(a) (b)		1,488		10,371
Bollore SE		2,547		11,686
Capcom Co., Ltd.(b)		468		11,783
Electronic Arts, Inc.		807		93,378
Embracer Group AB(a) (b)		1,930		11,439
Koei Tecmo Holdings Co., Ltd.(b)		246		4,049
Konami Group Corp.(b)		230		10,649

23

Company	Shares		U.S. $ Value
Liberty Media Corp-Liberty Formula One - Class C(a)		563	$	32,936
Live Nation Entertainment, Inc.(a)		493		37,488
Netflix, Inc.(a)		1,280		301,363
Nexon Co., Ltd.(b)		1,340		23,675
Nintendo Co., Ltd.(b)		3,260		131,490
ROBLOX Corp. - Class A(a) (b)		1,015		36,378
Roku, Inc.(a) (b)		345		19,458
Sea Ltd. (ADR)(a) (b)		944		52,911
Square Enix Holdings Co., Ltd.		218		9,396
Take-Two Interactive Software, Inc.(a)		467		50,903
Toho Co., Ltd./Tokyo		296		10,763
Ubisoft Entertainment SA(a)		270		7,420
Universal Music Group NV(b)		2,089		39,127
Walt Disney Co. (The)(a)		5,247		494,950
Warner Bros Discovery, Inc.(a)		6,641		76,371
				1,649,448
Interactive Media & Services – 2.0%
Adevinta ASA(a)		839		4,999
Alphabet, Inc. - Class A(a)		17,328		1,657,423
Alphabet, Inc. - Class C(a)		16,249		1,562,341
Auto Trader Group PLC(c)		2,716		15,403
IAC, Inc.(a)		230		12,737
Kakaku.com, Inc.		296		5,016
Match Group, Inc.(a)		823		39,298
Meta Platforms, Inc. - Class A(a)		6,607		896,438
Pinterest, Inc. - Class A(a)		1,655		38,561
REA Group Ltd.(b)		152		11,064
Scout24 SE(c)		231		11,575
SEEK Ltd.		968		11,765
Snap, Inc. - Class A(a)		3,184		31,267
Twitter, Inc.(a)		1,871		82,025
Z Holdings Corp.(b)		7,635		20,238
ZoomInfo Technologies, Inc.(a)		755		31,453
				4,431,603
Media – 0.2%
CyberAgent, Inc.		1,204		10,138
Dentsu Group, Inc.		626		17,796
DISH Network Corp. - Class A(a)		713		9,861
Fox Corp. - Class A		898		27,551
Fox Corp. - Class B		423		12,055
Hakuhodo DY Holdings, Inc.(b)		581		4,091
Informa PLC		4,221		24,127
Interpublic Group of Cos., Inc. (The)		1,134		29,030
Liberty Broadband Corp. - Class C(a)		377		27,823
Liberty Media Corp.-Liberty SiriusXM - Class A(a)		214		8,147
Liberty Media Corp.-Liberty SiriusXM - Class C(a)		476		17,950
News Corp. - Class A		1,119		16,908
Omnicom Group, Inc.		593		37,412
Paramount Global - Class B		1,752		33,358

24

Company	Shares		U.S. $ Value
Pearson PLC		1,930	$	18,431
Publicis Groupe SA		657		31,130
Vivendi SE		2,075		16,095
WPP PLC		3,145		25,962
				367,865
Wireless Telecommunication Services – 0.3%
KDDI Corp.(b)		4,668		136,475
Rogers Communications, Inc. - Class B		1,021		39,329
SoftBank Corp.(b)		8,187		81,755
SoftBank Group Corp.(b)		3,462		117,331
T-Mobile US, Inc.(a)		1,806		242,311
Tele2 AB - Class B(b)		1,635		14,109
Vodafone Group PLC		76,959		86,133
				717,443
				9,263,751
Energy – 3.0%
Energy Equipment & Services – 0.1%
Baker Hughes Co.		2,836		59,442
Halliburton Co.		2,598		63,963
Schlumberger NV		4,072		146,185
Tenaris SA		1,360		17,597
				287,187
Oil, Gas & Consumable Fuels – 2.9%
Aker BP ASA		902		25,891
Ampol Ltd.		686		12,689
APA Corp.		974		33,301
ARC Resources Ltd.(b)		1,962		23,564
BP PLC		55,657		265,951
Cameco Corp.(b)		1,147		30,441
Canadian Natural Resources Ltd.		3,325		154,774
Cenovus Energy, Inc.		3,995		61,370
Cheniere Energy, Inc.		659		109,335
Chevron Corp.		5,377		772,514
ConocoPhillips		3,726		381,319
Coterra Energy, Inc.		2,321		60,625
Devon Energy Corp.		1,806		108,595
Diamondback Energy, Inc.		487		58,664
Enbridge, Inc.		5,837		216,434
ENEOS Holdings, Inc.		8,837		28,501
Eni SpA		7,270		77,271
EOG Resources, Inc.		1,688		188,600
EQT Corp.		958		39,038
Equinor ASA		2,815		92,835
Exxon Mobil Corp.		12,135		1,059,507
Galp Energia SGPS SA(b)		1,443		13,884
Hess Corp.		807		87,955
Idemitsu Kosan Co., Ltd.(b)		524		11,388
Imperial Oil Ltd.(b)		675		29,226
Inpex Corp.		2,918		27,216
Keyera Corp.(b)		636		13,094
Kinder Morgan, Inc.		5,878		97,810
Marathon Oil Corp.		2,038		46,018
Marathon Petroleum Corp.		1,559		154,855

25

Company	Shares		U.S. $ Value
Neste Oyj		1,219	$	53,136
Occidental Petroleum Corp.		2,700		165,915
OMV AG		424		15,346
ONEOK, Inc.		1,287		65,946
Parkland Corp.(b)		448		9,600
Pembina Pipeline Corp.(b)		1,584		48,116
Phillips 66		1,386		111,878
Pioneer Natural Resources Co.		663		143,559
Repsol SA(a)		4,179		48,018
Santos Ltd.		9,268		42,814
Shell PLC		21,427		531,559
Suncor Energy, Inc.		4,137		116,501
Targa Resources Corp.		624		37,652
TC Energy Corp.(b)		2,825		113,789
Texas Pacific Land Corp.		18		31,990
TotalEnergies SE(a)		7,142		335,064
Tourmaline Oil Corp.		917		47,657
Valero Energy Corp.		1,176		125,656
Williams Cos., Inc. (The)		3,508		100,434
Woodside Energy Group Ltd.		5,469		111,740
				6,539,035
				6,826,222
Materials – 2.4%
Chemicals – 1.3%
Air Liquide SA		1,507		172,249
Air Products and Chemicals, Inc.		639		148,715
Akzo Nobel NV		523		29,638
Albemarle Corp.		338		89,381
Arkema SA		171		12,462
Asahi Kasei Corp.		3,575		23,693
BASF SE		2,646		101,549
Celanese Corp.		312		28,186
CF Industries Holdings, Inc.		601		57,846
Chr Hansen Holding A/S		304		14,975
Clariant AG (REG)(a)		621		9,920
Corteva, Inc.		2,085		119,158
Covestro AG(c)		556		15,897
Croda International PLC		402		28,713
Dow, Inc.		2,097		92,121
DuPont de Nemours, Inc.		1,465		73,836
Eastman Chemical Co.		371		26,360
Ecolab, Inc.		741		107,015
EMS-Chemie Holding AG (REG)		21		13,256
Evonik Industries AG		604		10,116
FMC Corp.		363		38,369
Givaudan SA (REG)		27		81,567
ICL Group Ltd.		2,039		16,342
IMCD NV		164		19,444
International Flavors & Fragrances, Inc.		734		66,669
Johnson Matthey PLC		529		10,680
JSR Corp.(b)		512		9,709
Koninklijke DSM NV		504		57,350
Linde PLC		1,449		390,636
LyondellBasell Industries NV - Class A		755		56,836
Mitsubishi Chemical Group Corp.		3,605		16,514
Mitsui Chemicals, Inc.		440		8,576

26

Company	Shares		U.S. $ Value
Mosaic Co. (The)		1,043	$	50,408
Nippon Paint Holdings Co., Ltd.(b)		2,322		15,685
Nippon Sanso Holdings Corp.		450		7,113
Nissan Chemical Corp.		397		17,735
Nitto Denko Corp.		414		22,416
Novozymes A/S - Class B		589		29,599
Nutrien Ltd.(b)		1,588		132,434
OCI NV		303		11,093
Orica Ltd.		1,294		11,017
PPG Industries, Inc.		681		75,380
RPM International, Inc.		373		31,075
Sherwin-Williams Co. (The)		712		145,782
Shin-Etsu Chemical Co., Ltd.		1,129		111,722
Sika AG (REG)		421		84,618
Solvay SA		214		16,568
Sumitomo Chemical Co., Ltd.(b)		4,272		14,694
Symrise AG		383		37,347
Toray Industries, Inc.		3,953		19,456
Tosoh Corp.		716		7,980
Umicore SA		603		17,702
Westlake Corp.		111		9,644
Yara International ASA		477		16,740
				2,833,986
Construction Materials – 0.1%
CRH PLC		2,198		70,670
HeidelbergCement AG		417		16,473
Holcim AG(a)		1,597		65,446
James Hardie Industries PLC		1,282		25,182
Martin Marietta Materials, Inc.		180		57,976
Vulcan Materials Co.		383		60,403
				296,150
Containers & Packaging – 0.1%
Amcor PLC		4,328		46,439
Avery Dennison Corp.		236		38,397
Ball Corp.		921		44,503
CCL Industries, Inc. - Class B(b)		432		20,941
Crown Holdings, Inc.		354		28,685
International Paper Co.		1,014		32,144
Packaging Corp. of America		270		30,318
Sealed Air Corp.		421		18,739
SIG Group AG(a)		880		17,867
Smurfit Kappa Group PLC		712		20,363
Westrock Co.		734		22,673
				321,069
Metals & Mining – 0.8%
Agnico Eagle Mines Ltd.		1,313		55,472
Alcoa Corp.		531		17,873
Anglo American PLC		3,660		109,895
Antofagasta PLC		1,135		13,908
ArcelorMittal SA		1,517		30,186
Barrick Gold Corp.		5,125		79,434
BHP Group Ltd.		14,582		362,481
BlueScope Steel Ltd.		1,381		13,412
Boliden AB(a)		788		24,346

27

Company	Shares		U.S. $ Value
Cleveland-Cliffs, Inc.(a)		1,511	$	20,353
Evolution Mining Ltd.		5,280		6,888
First Quantum Minerals Ltd.		1,693		28,741
Fortescue Metals Group Ltd.(b)		4,878		52,367
Franco-Nevada Corp.		551		65,816
Freeport-McMoRan, Inc.		4,175		114,103
Glencore PLC		28,233		148,365
Hitachi Metals Ltd.(a)		610		9,177
Ivanhoe Mines Ltd. - Class A(a) (b)		1,744		11,224
JFE Holdings, Inc.(b)		1,378		12,795
Kinross Gold Corp.(b)		3,742		14,087
Lundin Mining Corp.		1,907		9,636
Mineral Resources Ltd.		491		20,609
Newcrest Mining Ltd.		2,572		28,238
Newmont Corp.		2,286		96,081
Nippon Steel Corp.		2,295		31,851
Norsk Hydro ASA		3,874		20,788
Northern Star Resources Ltd.(b)		3,356		16,804
Nucor Corp.		767		82,061
Pan American Silver Corp.		606		9,634
Rio Tinto Ltd.		1,069		64,666
Rio Tinto PLC		3,239		175,249
South32 Ltd.		13,378		31,758
Steel Dynamics, Inc.		544		38,597
Sumitomo Metal Mining Co., Ltd.		672		19,257
Teck Resources Ltd. - Class B		1,378		41,908
voestalpine AG		334		5,658
Wheaton Precious Metals Corp.		1,300		42,096
				1,925,814
Paper & Forest Products – 0.1%
Holmen AB - Class B		270		10,246
Mondi PLC		1,398		21,477
Oji Holdings Corp.(b)		2,281		8,464
Stora Enso Oyj - Class R		1,587		20,160
Svenska Cellulosa AB SCA - Class B		1,745		22,141
UPM-Kymmene Oyj		1,537		48,776
West Fraser Timber Co., Ltd.		177		12,805
				144,069
				5,521,088
Utilities – 1.8%
Electric Utilities – 1.1%
Acciona SA		71		12,479
Alliant Energy Corp.		723		38,312
American Electric Power Co., Inc.		1,480		127,946
Chubu Electric Power Co., Inc.(b)		1,839		16,539
CK Infrastructure Holdings Ltd.		903		4,606
CLP Holdings Ltd.		4,629		34,985
Constellation Energy Corp.		941		78,282
Duke Energy Corp.		2,218		206,318
Edison International		1,098		62,125
EDP - Energias de Portugal SA		7,996		34,703
Electricite de France SA		1,614		18,718
Elia Group SA/NV		95		11,179
Emera, Inc.		760		30,750
Endesa SA		914		13,728

28

Company	Shares		U.S. $ Value
Enel SpA		23,429	$	96,087
Entergy Corp.		586		58,969
Evergy, Inc.		661		39,263
Eversource Energy		994		77,492
Exelon Corp.		2,824		105,787
FirstEnergy Corp.		1,562		57,794
Fortis, Inc./Canada(b)		1,374		52,201
Fortum Oyj		1,279		17,186
HK Electric Investments & HK Electric Investments Ltd. - Class SS(c)		7,615		5,335
Hydro One Ltd.(c)		948		23,183
Iberdrola SA(b)		17,153		159,938
Kansai Electric Power Co., Inc. (The)(b)		1,971		16,490
Mercury NZ Ltd.		1,990		6,335
NextEra Energy, Inc.		5,659		443,722
NRG Energy, Inc.		684		26,177
Origin Energy Ltd.(b)		5,073		16,832
Orsted AS(c)		545		43,437
PG&E Corp.(a)		4,293		53,662
Power Assets Holdings Ltd.		3,858		19,339
PPL Corp.		2,120		53,742
Red Electrica Corp. SA		1,168		17,924
Southern Co. (The)		3,061		208,148
SSE PLC		3,075		51,924
Terna - Rete Elettrica Nazionale(b)		4,053		24,685
Tokyo Electric Power Co. Holdings, Inc.(a)		4,384		14,014
Verbund AG		196		16,734
Xcel Energy, Inc.		1,569		100,416
				2,497,486
Gas Utilities – 0.1%
AltaGas Ltd.(b)		808		15,471
APA Group		3,398		20,908
Atmos Energy Corp.		401		40,842
Enagas SA(b)		716		11,083
Hong Kong & China Gas Co., Ltd.		31,787		28,000
Naturgy Energy Group SA(b)		419		9,693
Osaka Gas Co., Ltd.		1,040		15,679
Snam SpA		5,808		23,475
Tokyo Gas Co., Ltd.		1,050		17,725
UGI Corp.		605		19,560
				202,436
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)		1,923		43,460
Brookfield Renewable Corp. - Class A(b)		372		12,156
EDP Renovaveis SA		830		17,073
Meridian Energy Ltd.		3,712		9,960
Northland Power, Inc.		667		19,532
RWE AG		1,850		67,999
Uniper SE		263		993
Vistra Corp.		1,119		23,499
				194,672

29

Company	Shares		U.S. $ Value
Multi-Utilities – 0.4%
Algonquin Power & Utilities Corp.(b)		1,946	$	21,258
Ameren Corp.		744		59,929
Canadian Utilities Ltd. - Class A		369		9,598
CenterPoint Energy, Inc.		1,813		51,090
CMS Energy Corp.		836		48,689
Consolidated Edison, Inc.		1,021		87,561
Dominion Energy, Inc.		2,336		161,441
DTE Energy Co.		558		64,198
E.ON SE		6,467		49,684
Engie SA		5,261		60,554
National Grid PLC		10,504		108,129
NiSource, Inc.		1,169		29,447
Public Service Enterprise Group, Inc.		1,438		80,859
Sempra Energy		906		135,846
United Utilities Group PLC		1,964		19,393
Veolia Environnement SA		1,917		36,638
WEC Energy Group, Inc.		909		81,292
				1,105,606
Water Utilities – 0.1%
American Water Works Co., Inc.		524		68,204
Essential Utilities, Inc.		717		29,669
Severn Trent PLC		721		18,848
				116,721
				4,116,921
Real Estate – 1.6%
Equity Real Estate Investment Trusts (REITs) – 1.3%
Alexandria Real Estate Equities, Inc.		447		62,665
American Homes 4 Rent - Class A		901		29,562
American Tower Corp.		1,315		282,330
AvalonBay Communities, Inc.		403		74,229
Boston Properties, Inc.		429		32,162
British Land Co. PLC (The)		2,536		9,823
Camden Property Trust		292		34,879
Canadian Apartment Properties REIT		245		7,467
CapitaLand Integrated Commercial Trust		14,593		19,411
CapLand Ascendas REIT		9,639		17,980
Covivio		137		6,600
Crown Castle, Inc.		1,248		180,398
Daiwa House REIT Investment Corp.		7		14,619
Dexus		3,098		15,411
Digital Realty Trust, Inc.		820		81,328
Duke Realty Corp.		1,108		53,406
Equinix, Inc.		263		149,605
Equity LifeStyle Properties, Inc.		509		31,985
Equity Residential		1,029		69,169
Essex Property Trust, Inc.		189		45,781
Extra Space Storage, Inc.		387		66,839
Gaming and Leisure Properties, Inc.		736		32,561
Gecina SA		133		10,416
GLP J-REIT		13		14,418
Goodman Group		4,843		48,947
GPT Group (The)		5,518		13,581
Healthcare Realty Trust, Inc.		1,096		22,852
Healthpeak Properties, Inc.		1,554		35,618
Host Hotels & Resorts, Inc.		2,059		32,697
Invitation Homes, Inc.		1,758		59,368

30

Company	Shares		U.S. $ Value
Iron Mountain, Inc.		837	$	36,803
Japan Metropolitan Fund Invest		21		15,767
Japan Real Estate Investment Corp.		4		16,502
Kimco Realty Corp.		1,780		32,770
Klepierre SA(a)		619		10,761
Land Securities Group PLC		2,029		11,724
Link REIT		5,173		36,110
Mapletree Logistics Trust(b)		9,093		9,825
Mapletree Pan Asia Commercial Trust		6,196		7,377
Medical Properties Trust, Inc.		1,728		20,494
Mid-America Apartment Communities, Inc.		333		51,638
Mirvac Group		11,358		14,149
Nippon Building Fund, Inc.		5		22,002
Nippon Prologis REIT, Inc.(a)		6		13,154
Nomura Real Estate Master Fund, Inc.		13		14,368
Prologis, Inc.		2,133		216,713
Public Storage		455		133,228
Realty Income Corp.		1,733		100,861
Regency Centers Corp.		447		24,071
RioCan Real Estate Investment Trust		436		5,877
SBA Communications Corp.		311		88,526
Scentre Group		14,951		24,428
Segro PLC		3,480		29,037
Simon Property Group, Inc.		947		84,993
Stockland(b)		6,876		14,390
Sun Communities, Inc.		351		47,501
UDR, Inc.		917		38,248
Ventas, Inc.		1,151		46,236
VICI Properties, Inc.		2,774		82,804
Vicinity Centres		11,146		12,428
Vornado Realty Trust		469		10,862
Warehouses De Pauw CVA		428		10,512
Welltower, Inc.		1,308		84,130
Weyerhaeuser Co.		2,144		61,233
WP Carey, Inc.		556		38,809
				3,024,438
Real Estate Management & Development – 0.3%
Aroundtown SA		2,877		6,300
Azrieli Group Ltd.		122		8,326
Capitaland Investment Ltd./Singapore		6,504		15,648
CBRE Group, Inc. - Class A(a)		942		63,595
City Developments Ltd.		1,050		5,534
CK Asset Holdings Ltd.		5,031		30,203
Daito Trust Construction Co., Ltd.		183		17,118
Daiwa House Industry Co., Ltd.		1,644		33,427
ESR Group Ltd.(c)		5,748		14,458
Fastighets AB Balder - Class B(a)		1,817		7,253
FirstService Corp.		115		13,689
Hang Lung Properties Ltd.		5,030		8,260
Henderson Land Development Co., Ltd.		3,938		11,027
Hongkong Land Holdings Ltd.		2,395		10,524
Hulic Co., Ltd.		1,101		8,112
LEG Immobilien SE		210		12,535
Lendlease Corp., Ltd.(b)		1,984		11,343
Mitsubishi Estate Co., Ltd.		3,335		43,943
Mitsui Fudosan Co., Ltd.		2,569		48,939
New World Development Co., Ltd.		3,625		10,295

31

Company	Shares		U.S. $ Value
Nomura Real Estate Holdings, Inc.		331	$	7,475
Sagax AB - Class B		548		9,022
Sino Land Co., Ltd.		9,242		12,156
Sumitomo Realty & Development Co., Ltd.(b)		856		19,467
Sun Hung Kai Properties Ltd.		3,616		39,907
Swire Pacific Ltd. - Class A		435		3,252
Swire Properties Ltd.		2,422		5,210
Swiss Prime Site AG (REG)		221		17,604
Unibail-Rodamco-Westfield(a)		340		14,074
UOL Group Ltd.		370		1,702
Vonovia SE		2,063		44,523
Wharf Real Estate Investment Co., Ltd.		3,876		17,572
Zillow Group, Inc. - Class C(a)		466		13,332
				585,825
				3,610,263
Total Common Stocks (cost $102,293,114)				131,583,582
	Principal Amount (000)
GOVERNMENTS - TREASURIES – 37.2%
United States – 37.2%
U.S. Treasury Bonds
2.00%, 02/15/2050	$	172		118,402
2.25%, 08/15/2046		3,477		2,505,541
2.25%, 08/15/2049		287		210,048
2.25%, 02/15/2052		2,503		1,817,876
2.375%, 11/15/2049		584		439,448
2.375%, 05/15/2051		2,283		1,707,538
2.50%, 02/15/2045		288		219,250
2.50%, 05/15/2046		42		32,082
2.75%, 08/15/2047		143		114,640
2.875%, 05/15/2043		370		304,903
2.875%, 08/15/2045		2,897		2,365,455
2.875%, 11/15/2046		187		152,487
2.875%, 05/15/2049		313		261,312
3.00%, 05/15/2045		265		221,275
3.00%, 02/15/2047		238		198,925
3.00%, 05/15/2047		409		342,917
3.00%, 02/15/2048		350		295,128
3.00%, 08/15/2048		792		670,816
3.00%, 02/15/2049		257		219,198
3.125%, 11/15/2041		282		244,816
3.125%, 02/15/2043		367		315,047
3.50%, 02/15/2039		12		11,605
3.625%, 08/15/2043		1,869		1,741,979
3.75%, 08/15/2041		128		122,812
3.75%, 11/15/2043		98		92,595
3.875%, 08/15/2040		161		157,541
4.25%, 05/15/2039		134		139,340
4.375%, 11/15/2039		502		529,664
4.375%, 05/15/2040		60		63,180
4.375%, 05/15/2041		132		137,873
4.50%, 08/15/2039		179		191,791
4.75%, 02/15/2037		465		515,431

32

	Principal Amount (000)		U.S. $ Value
4.75%, 02/15/2041	$	161	$	176,999
5.25%, 11/15/2028		378		401,094
5.375%, 02/15/2031		359		396,192
5.50%, 08/15/2028		762		817,054
6.00%, 02/15/2026		1,336		1,405,407
6.125%, 11/15/2027		404		440,176
6.25%, 05/15/2030		374		430,503
6.875%, 08/15/2025		471		502,244
7.625%, 02/15/2025		158		169,661
U.S. Treasury Notes
0.25%, 06/30/2025		1,733		1,555,547
0.25%, 08/31/2025		3,468		3,088,873
0.25%, 09/30/2025		1,168		1,037,705
0.375%, 04/30/2025		1,430		1,294,591
0.375%, 12/31/2025		1,352		1,195,587
0.375%, 01/31/2026		2,433		2,143,585
0.50%, 03/31/2025		99		90,033
0.50%, 02/28/2026		1,120		988,224
0.625%, 05/15/2030		934		735,502
0.625%, 08/15/2030		997		781,011
0.75%, 04/30/2026		908		804,343
0.75%, 05/31/2026		1,952		1,724,028
0.75%, 08/31/2026		1,015		890,416
0.875%, 09/30/2026		1,513		1,331,825
1.125%, 10/31/2026		1,163		1,031,799
1.25%, 12/31/2026		919		816,406
1.375%, 11/15/2031		861		699,293
1.50%, 10/31/2024		884		835,554
1.50%, 11/30/2024		839		791,261
1.50%, 08/15/2026		1,541		1,394,364
1.50%, 02/15/2030		523		443,727
1.625%, 02/15/2026		2,203		2,024,006
1.625%, 08/15/2029		937		808,335
1.625%, 05/15/2031		3,081		2,586,114
1.75%, 07/31/2024		346		330,222
1.75%, 11/15/2029		984		854,937
1.875%, 02/28/2027		917		835,616
1.875%, 02/15/2032		1,787		1,513,645
2.00%, 05/31/2024		1,579		1,521,021
2.00%, 02/15/2025		3,630		3,444,625
2.00%, 08/15/2025		811		761,645
2.00%, 11/15/2026		4,808		4,417,534
2.125%, 05/15/2025		3,023		2,864,198
2.25%, 11/15/2024		247		237,349
2.25%, 11/15/2025		909		856,447
2.25%, 02/15/2027		865		799,712
2.25%, 08/15/2027		2,781		2,557,835
2.25%, 11/15/2027		2,096		1,918,495
2.375%, 08/15/2024		464		448,509
2.375%, 05/15/2027		4,367		4,049,803
2.375%, 05/15/2029		1,327		1,200,818
2.50%, 05/15/2024		1,541		1,496,451
2.625%, 02/15/2029		451		415,348
2.75%, 02/15/2028		129		120,576
2.875%, 05/15/2028		400		376,407
2.875%, 05/15/2032		2,242		2,072,376
3.125%, 11/15/2028		912		866,590
Total Governments - Treasuries (cost $94,919,384)				84,252,533

33

	Notional Amount			U.S. $ Value
OPTIONS PURCHASED – PUTS – 0.7%
Options on Equity Indices – 0.7%
Euro STOXX 50 Index Expiration: Jul 2023; Contracts: 550; Exercise Price: EUR 2,800.00; Counterparty: UBS AG (a)		EUR	1,540,000	$	76,577
Euro STOXX 50 Index Expiration: Jul 2023; Contracts: 410; Exercise Price: EUR 2,800.00; Counterparty: UBS AG (a)		EUR	1,148,000		57,085
FTSE 100 Index Expiration: Aug 2023; Contracts: 120; Exercise Price: GBP 6,000.00; Counterparty: UBS AG (a)		GBP	720,000		31,824
FTSE 100 Index Expiration: Aug 2023; Contracts: 90; Exercise Price: GBP 6,000.00; Counterparty: UBS AG (a)		GBP	540,000		23,868
Nikkei 225 Index Expiration: Sep 2023; Contracts: 7,000; Exercise Price: JPY 22,000.00; Counterparty: UBS AG (a)		JPY	154,000,000		51,316
Nikkei 225 Index Expiration: Sep 2023; Contracts: 5,000; Exercise Price: JPY 22,000.00; Counterparty: UBS AG (a)		JPY	110,000,000		36,654
S&P 500 Index Expiration: Jul 2023; Contracts: 4,300; Exercise Price: USD 3,250.00; Counterparty: UBS AG (a)		USD	13,975,000		805,434
S&P 500 Index Expiration: Jul 2023; Contracts: 2,900; Exercise Price: USD 3,250.00; Counterparty: UBS AG (a)		USD	9,425,000		543,200
Total Options Purchased - Puts (premiums paid $943,591)					1,625,958
	Shares
RIGHTS – 0.0%
Industrials – 0.0%
Commercial Services & Supplies – 0.0%
Securitas AB, expiring 10/11/2022(a) (b) (cost $2,014)			3,576		1,492
SHORT-TERM INVESTMENTS – 4.1%
Investment Companies – 4.1%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.58%(f) (g) (h) (cost $9,186,311)			9,186,311		9,186,311
Total Investments Before Security Lending Collateral for Securities Loaned – 100.0% (cost $207,344,414)					226,649,876

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Company	Shares		U.S. $ Value
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.6%
Investment Companies – 0.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 2.58%(f) (g) (h) (cost $1,416,324)		1,416,324	$	1,416,324
Total Investments – 100.6% (cost $208,760,738)(i)				228,066,200
Other assets less liabilities – (0.6)%				(1,267,040	)
Net Assets – 100.0%			$	226,799,160

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional		Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		16		December 2022	$	1,198,617	$	(22,045	)
10 Yr Mini Japan Government Bond Futures		6		December 2022		615,878		(1,262	)
Hang Seng Index Futures		8		October 2022		876,982		(29,729	)
Nikkei 225 (OSE) Futures		3		December 2022		537,691		(22,909	)
OMXS 30 Index Futures		63		October 2022		1,038,869		(64,498	)
U.S. T-Note 2 Yr (CBT) Futures		19		December 2022		3,902,422		(63,172	)
U.S. T-Note 10 Yr (CBT) Futures		38		December 2022		4,258,375		(220,630	)
U.S. Ultra Bond (CBT) Futures		12		December 2022		1,644,000		(166,955	)
Sold Contracts
Euro STOXX 50 Index Futures		25		December 2022		812,216		(3,877	)
FTSE 100 Index Futures		14		December 2022		1,080,854		58,687
MSCI Singapore IX ETS Futures		25		October 2022		488,512		2,504
S&P 500 E-Mini Futures		30		December 2022		5,402,250		351,169
S&P/TSX 60 Index Futures		15		December 2022		2,423,716		111,629
SPI 200 Futures		25		December 2022		2,584,986		119,218
TOPIX Index Futures		4		December 2022		507,428		187
							$	48,317

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		USD	1,744		NZD	2,903		11/18/2022	$	(119,147	)
Bank of America, NA		USD	943		NOK	9,735		12/01/2022		(47,566	)
Bank of America, NA		CHF	3,686		USD	3,782		12/07/2022		24,024
BNP Paribas SA		AUD	6,367		USD	4,393		10/20/2022		319,204
BNP Paribas SA		CAD	772		USD	592		10/27/2022		33,347
BNP Paribas SA		USD	697		CAD	958		10/27/2022		(3,771	)
BNP Paribas SA		USD	1,823		NZD	2,946		11/18/2022		(174,229	)
Citibank, NA		USD	3,049		CAD	4,016		10/27/2022		(141,456	)

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Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Citibank, NA		GBP	2,423		USD	2,797		11/17/2022	$	89,721
Citibank, NA		SEK	14,461		USD	1,317		12/01/2022		9,638
Credit Suisse International		USD	495		CAD	648		10/27/2022		(26,295	)
Deutsche Bank AG		CAD	2,770		USD	2,167		10/27/2022		161,647
HSBC Bank USA		USD	3,199		CAD	4,110		10/27/2022		(223,554	)
HSBC Bank USA		USD	1,866		JPY	268,328		12/02/2022		(606	)
JPMorgan Chase Bank, NA		USD	1,469		AUD	2,175		10/20/2022		(77,362	)
JPMorgan Chase Bank, NA		CAD	1,952		USD	1,517		10/27/2022		104,270
JPMorgan Chase Bank, NA		USD	2,554		JPY	366,137		12/02/2022		(9,461	)
JPMorgan Chase Bank, NA		EUR	10,481		USD	10,251		12/08/2022		(68,879	)
Morgan Stanley Capital Services, Inc.		USD	5,579		AUD	8,031		10/20/2022		(440,911	)
Morgan Stanley Capital Services, Inc.		CAD	2,875		USD	2,226		10/27/2022		145,071
Morgan Stanley Capital Services, Inc.		USD	4,113		CAD	5,375		10/27/2022		(221,825	)
Morgan Stanley Capital Services, Inc.		GBP	3,452		USD	4,030		11/17/2022		172,940
Morgan Stanley Capital Services, Inc.		USD	1,255		GBP	1,096		11/17/2022		(29,936	)
Morgan Stanley Capital Services, Inc.		USD	676		NZD	1,199		11/18/2022		(4,387	)
State Street Bank & Trust Co.		CAD	165		USD	130		10/27/2022		10,008
State Street Bank & Trust Co.		USD	431		CAD	563		10/27/2022		(23,040	)
State Street Bank & Trust Co.		USD	488		GBP	456		11/17/2022		21,784
State Street Bank & Trust Co.		USD	743		JPY	105,997		12/02/2022		(6,275	)
State Street Bank & Trust Co.		CHF	417		USD	427		12/07/2022		1,023
State Street Bank & Trust Co.		USD	403		CHF	397		12/07/2022		1,435
UBS AG		GBP	1,228		USD	1,454		11/17/2022		81,603
									$	(442,985	)

TOTAL RETURN SWAPS

Counterparty & Referenced Obligation	Rate Paid/ Received			Payment Frequency		Current Notional (000)			Maturity Date		Unrealized Appreciation/ (Depreciation)
Receive Total Return on Reference Obligation
Morgan Stanley Capital Services LLC
Swiss Market Index Futures		0.00	%		Maturity		CHF	205		12/16/2022	$	2,943
Swiss Market Index Futures		0.00	%		Maturity		CHF	308		12/16/2022		(23,117	)
											$	(20,174	)

(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 $541,299 or 0.2% of net assets.

(d) Fair valued by the Adviser.

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

(f) Affiliated investments.

(g) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov, or call AB at (800) 227-4618.

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(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 $43,886,263 and gross unrealized depreciation of investments was $(24,995,643), resulting in net unrealized appreciation of $18,890,620.

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

NZD – New Zealand Dollar

SEK – Swedish Krona

USD – United States Dollar

Glossary:

ADR – American Depositary Receipt

CBT – Chicago Board of Trade

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

MSCI – Morgan Stanley Capital International

OMXS – Stockholm Stock Exchange

OSE – Osaka Securities Exchange

REG – Registered Shares

REIT – Real Estate Investment Trust

SPI – Share Price Index

TOPIX – Tokyo Price Index

TSX – Toronto Stock Exchange

37

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation 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.

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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	$	25,093,300		$	2,754,770		$	—	$	27,848,070
Health Care		13,806,781			4,639,262			—		18,446,043
Financials		11,628,620			6,089,270			27,309		17,745,199
Consumer Discretionary		10,923,064			3,958,420			—		14,881,484
Industrials		7,852,859			5,171,268			—		13,024,127
Consumer Staples		6,362,918			3,937,496			—		10,300,414
Communication Services		7,632,256			1,631,495			—		9,263,751
Energy		5,115,322			1,710,900			—		6,826,222
Materials		2,880,990			2,640,098			—		5,521,088
Utilities		2,953,225			1,163,696			—		4,116,921
Real Estate		2,681,608			928,655			—		3,610,263
Governments - Treasuries		—			84,252,533			—		84,252,533
Options Purchased - Puts		—			1,625,958			—		1,625,958
Rights		1,492			—			—		1,492
Short-Term Investments		9,186,311			—			—		9,186,311
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		1,416,324			—			—		1,416,324
Total Investments in Securities		107,535,070			120,503,821			27,309		228,066,200
Other Financial Instruments(a):
Assets:
Futures		643,394			—			—		643,394
Forward Currency Exchange Contracts		—			1,175,715			—		1,175,715
Total Return Swaps		—			2,943			—		2,943
Liabilities:
Futures		(595,077	)		—			—		(595,077	)
Forward Currency Exchange Contracts		—			(1,618,700	)		—		(1,618,700	)
Total Return Swaps		—			(23,117	)		—		(23,117	)
Total	$	107,583,387		$	120,040,662		$	27,309	$	227,651,358

^(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.

39

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

Fund	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	$	7,966	$	39,536	$	38,316	$	9,186	$	54
Government Money Market Portfolio*		1,312		13,722		13,618		1,416		8
Total	$	9,278	$	53,258	$	51,934	$	10,602	$	62

* Investments of cash collateral for securities lending transactions.

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