Ab Variable Products Series Fund NPORT-P AB Global Risk Allocation-Moderate Portfolio (Mar 2024 report)

AB Variable Products Series Fund, Inc.

AB Global Risk Allocation-Moderate Portfolio

Portfolio of Investments

March 31, 2024 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 73.3%
Information Technology – 17.0%
Communications Equipment – 0.5%
Arista Networks, Inc.(a)		2,255	$	653,905
Cisco Systems, Inc.		36,368		1,815,127
F5, Inc.(a)		526		99,724
Juniper Networks, Inc.		2,881		106,770
Motorola Solutions, Inc.		1,485		527,145
Nokia Oyj		58,028		205,889
Telefonaktiebolaget LM Ericsson - Class B		31,864		171,370
				3,579,930
Electronic Equipment, Instruments & Components – 0.6%
Amphenol Corp. - Class A		5,358		618,045
Azbil Corp.		1,343		37,155
CDW Corp./DE		1,199		306,680
Corning, Inc.		6,872		226,501
Halma PLC		4,130		123,323
Hamamatsu Photonics KK		1,510		53,237
Hexagon AB - Class B		22,591		267,047
Hirose Electric Co., Ltd.		272		27,951
Ibiden Co., Ltd.		1,205		53,968
Jabil, Inc.		1,142		152,971
Keyence Corp.		2,098		974,019
Keysight Technologies, Inc.(a)		1,563		244,422
Kyocera Corp.		13,940		186,951
Murata Manufacturing Co., Ltd.		18,772		351,082
Omron Corp.		1,911		68,427
Shimadzu Corp.		2,567		71,502
TDK Corp.		4,191		205,812
TE Connectivity Ltd.		2,764		401,443
Teledyne Technologies, Inc.(a)		422		181,173
Trimble, Inc.(a)		2,226		143,265
Yaskawa Electric Corp.		2,574		109,587
Yokogawa Electric Corp.		2,500		57,573
Zebra Technologies Corp. - Class A(a)		460		138,662
				5,000,796
IT Services – 0.8%
Accenture PLC - Class A		5,612		1,945,175
Akamai Technologies, Inc.(a)		1,350		146,826
Bechtle AG		891		47,093
Capgemini SE		1,690		388,887
Cognizant Technology Solutions Corp. - Class A		4,457		326,654
EPAM Systems, Inc.(a)		516		142,499
Fujitsu Ltd.		19,020		304,396
Gartner, Inc.(a)		698		332,716
International Business Machines Corp.		8,189		1,563,771
NEC Corp.		2,711		197,917
Nomura Research Institute Ltd.		4,239		119,746
NTT Data Group Corp.		6,909		109,839
Obic Co., Ltd.		765		115,554
Otsuka Corp.		2,568		54,489
SCSK Corp.		1,674		31,116
TIS, Inc.		2,430		52,138
VeriSign, Inc.(a)		789		149,523
Wix.com Ltd.(a)		591		81,251
				6,109,590

1

Company	Shares		U.S. $ Value
Semiconductors & Semiconductor Equipment – 6.2%
Advanced Micro Devices, Inc.(a)		14,461	$	2,610,066
Advantest Corp.		8,368		371,730
Analog Devices, Inc.		4,438		877,792
Applied Materials, Inc.		7,447		1,535,795
ASM International NV		511		312,937
ASML Holding NV		4,389		4,254,964
BE Semiconductor Industries NV		839		128,517
Broadcom, Inc.		3,938		5,219,465
Disco Corp.		1,001		365,899
Enphase Energy, Inc.(a)		1,215		146,991
First Solar, Inc.(a)		956		161,373
Infineon Technologies AG		14,211		483,253
Intel Corp.		37,841		1,671,437
KLA Corp.		1,210		845,270
Lam Research Corp.		1,173		1,139,652
Lasertec Corp.		830		236,575
Microchip Technology, Inc.		4,836		433,838
Micron Technology, Inc.		9,880		1,164,753
Monolithic Power Systems, Inc.		430		291,291
NVIDIA Corp.		22,107		19,975,001
NXP Semiconductors NV		2,307		571,605
ON Semiconductor Corp.(a)		3,825		281,329
Qorvo, Inc.(a)		864		99,213
QUALCOMM, Inc.		9,988		1,690,968
Renesas Electronics Corp.		15,936		283,990
Rohm Co., Ltd.		3,537		56,729
SCREEN Holdings Co., Ltd.		900		116,689
Skyworks Solutions, Inc.		1,434		155,331
STMicroelectronics NV		7,437		320,076
SUMCO Corp.		3,802		60,112
Teradyne, Inc.		1,368		154,351
Texas Instruments, Inc.		8,138		1,417,721
Tokyo Electron Ltd.		5,085		1,324,383
				48,759,096
Software – 5.8%
Adobe, Inc.(a)		4,045		2,041,107
ANSYS, Inc.(a)		778		270,090
Autodesk, Inc.(a)		1,915		498,704
Cadence Design Systems, Inc.(a)		2,435		757,967
Check Point Software Technologies Ltd.(a)		1,018		166,962
CyberArk Software Ltd.(a)		454		120,596
Dassault Systemes SE		7,271		321,866
Fair Isaac Corp.(a)		222		277,413
Fortinet, Inc.(a)		5,704		389,640
Gen Digital, Inc.		5,016		112,358
Intuit, Inc.		2,505		1,628,250
Microsoft Corp.		66,503		27,979,142
Monday.com Ltd.(a)		315		71,149
Nemetschek SE		628		62,161
Nice Ltd.(a)		689		179,306
Oracle Corp.		14,270		1,792,455

2

Company	Shares		U.S. $ Value
Oracle Corp. Japan		456	$	34,292
Palo Alto Networks, Inc.(a)		2,822		801,815
PTC, Inc.(a)		1,070		202,166
Roper Technologies, Inc.		956		536,163
Sage Group PLC (The)		11,098		177,369
Salesforce, Inc.		8,664		2,609,424
SAP SE		11,369		2,213,759
ServiceNow, Inc.(a)		1,835		1,399,004
Synopsys, Inc.(a)		1,365		780,097
Temenos AG (REG)		695		49,714
Trend Micro, Inc./Japan		1,437		72,981
Tyler Technologies, Inc.(a)		377		160,229
WiseTech Global Ltd.(b)		1,813		110,888
Xero Ltd.(a)		1,567		136,062
				45,953,129
Technology Hardware, Storage & Peripherals – 3.1%
Apple, Inc.		129,913		22,277,481
Brother Industries Ltd.		2,477		45,939
Canon, Inc.(b)		10,909		325,034
FUJIFILM Holdings Corp.		12,099		271,678
Hewlett Packard Enterprise Co.		11,635		206,289
HP, Inc.		7,804		235,837
Logitech International SA (REG)		1,789		160,311
NetApp, Inc.		1,844		193,565
Ricoh Co., Ltd.		5,999		53,300
Seagate Technology Holdings PLC		1,744		162,279
Seiko Epson Corp.(b)		3,139		54,909
Super Micro Computer, Inc.(a)		436		440,373
Western Digital Corp.(a)		2,902		198,033
				24,625,028
				134,027,569
Financials – 11.1%
Banks – 4.0%
ABN AMRO Bank NV		5,179		88,624
AIB Group PLC		17,094		86,777
ANZ Group Holdings Ltd.		32,729		627,287
Banco Bilbao Vizcaya Argentaria SA		63,530		756,546
Banco BPM SpA		13,187		87,737
Banco Santander SA		176,116		860,226
Bank Hapoalim BM		13,821		129,523
Bank Leumi Le-Israel BM		16,567		137,713
Bank of America Corp.		61,620		2,336,630
Bank of Ireland Group PLC		11,495		117,307
Banque Cantonale Vaudoise (REG)		328		38,158
Barclays PLC		164,902		382,184
BNP Paribas SA		11,238		800,088
BOC Hong Kong Holdings Ltd.		40,083		107,474
CaixaBank SA(b)		40,818		198,072
Chiba Bank Ltd. (The)		5,740		47,764
Citigroup, Inc.		17,033		1,077,167
Citizens Financial Group, Inc.		4,173		151,438
Comerica, Inc.		1,180		64,888
Commerzbank AG		11,469		157,632
Commonwealth Bank of Australia		18,232		1,430,107

3

Company	Shares		U.S. $ Value
Concordia Financial Group Ltd.		11,568	$	58,143
Credit Agricole SA		11,626		173,436
Danske Bank A/S		7,505		225,273
DBS Group Holdings Ltd.		19,478		519,825
DNB Bank ASA		10,071		200,187
Erste Group Bank AG		3,741		166,728
Fifth Third Bancorp		6,096		226,832
FinecoBank Banca Fineco SpA		6,643		99,491
Hang Seng Bank Ltd.		8,309		91,081
HSBC Holdings PLC		208,574		1,630,386
Huntington Bancshares, Inc./OH		12,963		180,834
ING Groep NV		36,165		595,394
Intesa Sanpaolo SpA		159,167		577,861
Israel Discount Bank Ltd. - Class A		13,458		69,599
Japan Post Bank Co., Ltd.		15,701		168,712
JPMorgan Chase & Co.		25,875		5,182,763
KBC Group NV		2,725		204,299
KeyCorp		8,382		132,519
Lloyds Banking Group PLC		691,710		452,375
M&T Bank Corp.		1,487		216,269
Mediobanca Banca di Credito Finanziario SpA		5,548		82,673
Mitsubishi UFJ Financial Group, Inc.		120,813		1,229,163
Mizrahi Tefahot Bank Ltd.		1,685		63,170
Mizuho Financial Group, Inc.		26,212		518,350
National Australia Bank Ltd.		33,946		768,608
NatWest Group PLC		62,079		207,924
Nordea Bank Abp (Helsinki)		34,554		390,622
Oversea-Chinese Banking Corp., Ltd.		37,043		370,129
PNC Financial Services Group, Inc. (The)		3,562		575,619
Regions Financial Corp.		8,270		174,001
Resona Holdings, Inc.		23,172		142,843
Shizuoka Financial Group, Inc.		5,097		48,501
Skandinaviska Enskilda Banken AB - Class A		17,267		233,925
Societe Generale SA		7,864		210,700
Standard Chartered PLC		24,650		208,976
Sumitomo Mitsui Financial Group, Inc.		13,800		806,923
Sumitomo Mitsui Trust Holdings, Inc.		7,118		153,369
Svenska Handelsbanken AB - Class A		15,872		160,466
Swedbank AB - Class A(b)		9,238		183,353
Truist Financial Corp.		11,937		465,304
UniCredit SpA		16,772		636,989
United Overseas Bank Ltd.		13,675		297,295
US Bancorp		13,935		622,895
Wells Fargo & Co.		32,210		1,866,892
Westpac Banking Corp.		38,105		648,096
				31,922,135
Capital Markets – 2.1%
3i Group PLC		10,591		375,529
abrdn PLC		20,025		35,672
Ameriprise Financial, Inc.		897		393,281
Amundi SA		668		45,883
ASX Ltd.(b)		2,073		89,684
Bank of New York Mellon Corp. (The)		6,796		391,586
BlackRock, Inc.		1,252		1,043,792
Blackstone, Inc.		6,438		845,760
Cboe Global Markets, Inc.		945		173,625
Charles Schwab Corp. (The)		13,320		963,569
CME Group, Inc.		3,222		693,664
Daiwa Securities Group, Inc.		14,482		110,184

4

Company	Shares		U.S. $ Value
Deutsche Bank AG (REG)		21,090	$	332,173
Deutsche Boerse AG		2,068		423,505
EQT AB(b)		4,062		128,601
Euronext NV		932		88,698
FactSet Research Systems, Inc.		341		154,947
Franklin Resources, Inc.		2,686		75,503
Futu Holdings Ltd. (ADR)(a)		556		30,107
Goldman Sachs Group, Inc. (The)		2,919		1,219,237
Hargreaves Lansdown PLC		3,870		35,918
Hong Kong Exchanges & Clearing Ltd.		13,130		382,585
Intercontinental Exchange, Inc.		5,125		704,329
Invesco Ltd.		4,023		66,742
Japan Exchange Group, Inc.		5,414		146,641
Julius Baer Group Ltd.		2,241		129,974
London Stock Exchange Group PLC		4,532		542,272
Macquarie Group Ltd.		3,981		517,839
MarketAxess Holdings, Inc.		339		74,326
Moody’s Corp.		1,409		553,779
Morgan Stanley		11,212		1,055,722
MSCI, Inc.		708		396,799
Nasdaq, Inc.		3,047		192,266
Nomura Holdings, Inc.		32,677		209,150
Northern Trust Corp.		1,836		163,257
Partners Group Holding AG		247		352,836
Raymond James Financial, Inc.		1,684		216,259
S&P Global, Inc.		2,876		1,223,594
SBI Holdings, Inc.		2,696		70,716
Schroders PLC		8,769		41,660
Singapore Exchange Ltd.		8,880		60,600
St. James’s Place PLC		5,968		35,012
State Street Corp.		2,702		208,919
T. Rowe Price Group, Inc.		2,004		244,328
UBS Group AG (REG)		35,795		1,102,161
				16,342,684
Consumer Finance – 0.3%
American Express Co.		5,118		1,165,317
Capital One Financial Corp.		3,405		506,971
Discover Financial Services		2,238		293,379
Synchrony Financial		3,641		157,000
				2,122,667
Financial Services – 2.4%
Adyen NV(a) (b)		236		398,636
Berkshire Hathaway, Inc. - Class B(a)		16,284		6,847,748
Corpay, Inc.(a)		646		199,317
Edenred SE		2,715		144,967
Eurazeo SE		455		39,869
EXOR NV		1,018		113,290
Fidelity National Information Services, Inc.		5,303		393,377
Fiserv, Inc.(a)		5,372		858,553
Global Payments, Inc.		2,330		311,428
Groupe Bruxelles Lambert NV		958		72,423
Industrivarden AB - Class A		1,386		47,664
Industrivarden AB - Class C		1,637		56,291
Investor AB - Class B		18,835		472,651
Jack Henry & Associates, Inc.		652		113,272
L E Lundbergforetagen AB - Class B		827		44,764

5

Company	Shares		U.S. $ Value
M&G PLC		24,480	$	68,136
Mastercard, Inc. - Class A		7,384		3,555,913
Mitsubishi HC Capital, Inc.		8,814		61,474
Nexi SpA(a)		6,425		40,708
ORIX Corp.		12,754		278,952
PayPal Holdings, Inc.(a)		9,592		642,568
Sofina SA(b)		168		37,674
Visa, Inc. - Class A		14,155		3,950,377
Wise PLC - Class A(a)		6,689		78,190
Worldline SA/France(a)		2,617		32,376
				18,860,618
Insurance – 2.3%
Admiral Group PLC		2,833		101,528
Aegon Ltd.(b)		15,795		96,362
Aflac, Inc.		4,711		404,486
Ageas SA/NV		1,738		80,514
AIA Group Ltd.		123,705		832,111
Allianz SE (REG)		4,263		1,277,694
Allstate Corp. (The)		2,349		406,400
American International Group, Inc.		6,283		491,142
Aon PLC - Class A		1,792		598,026
Arch Capital Group Ltd.(a)		3,321		306,993
Arthur J Gallagher & Co.		1,940		485,078
ASR Nederland NV(b)		1,724		84,493
Assicurazioni Generali SpA		11,028		279,156
Assurant, Inc.		465		87,532
Aviva PLC		29,810		187,049
AXA SA		19,763		742,215
Baloise Holding AG (REG)		498		78,089
Brown & Brown, Inc.		2,114		185,060
Chubb Ltd.		3,627		939,864
Cincinnati Financial Corp.		1,396		173,341
Dai-ichi Life Holdings, Inc.		10,256		261,574
Everest Group Ltd.		387		153,832
Gjensidige Forsikring ASA		2,176		31,583
Globe Life, Inc.		767		89,256
Hannover Rueck SE		656		179,630
Hartford Financial Services Group, Inc. (The)		2,672		275,350
Helvetia Holding AG (REG)(b)		404		55,700
Insurance Australia Group Ltd.		26,126		108,980
Japan Post Holdings Co., Ltd.		22,589		227,587
Japan Post Insurance Co., Ltd.		2,113		40,390
Legal & General Group PLC		65,066		209,036
Loews Corp.		1,631		127,691
Marsh & McLennan Cos., Inc.		4,403		906,930
Medibank Pvt Ltd.		29,961		73,408
MetLife, Inc.		5,494		407,160
MS&AD Insurance Group Holdings, Inc.		14,136		249,607
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen (REG)		1,485		724,889
NN Group NV		2,945		135,956
Phoenix Group Holdings PLC		8,172		57,061
Poste Italiane SpA(b)		4,973		62,283
Principal Financial Group, Inc.		1,963		169,427
Progressive Corp. (The)		5,238		1,083,323
Prudential Financial, Inc.		3,231		379,319
Prudential PLC		29,920		280,607

6

Company	Shares		U.S. $ Value
QBE Insurance Group Ltd.		16,256	$	192,157
Sampo Oyj - Class A		4,912		209,527
Sompo Holdings, Inc.		9,798		205,367
Suncorp Group Ltd.		13,819		147,503
Swiss Life Holding AG (REG)		321		225,147
Swiss Re AG		3,282		422,180
T&D Holdings, Inc.		5,343		92,884
Talanx AG		702		55,610
Tokio Marine Holdings, Inc.		19,584		613,885
Travelers Cos., Inc. (The)		2,042		469,946
Tryg A/S		3,799		78,314
Willis Towers Watson PLC		918		252,450
WR Berkley Corp.		1,814		160,430
Zurich Insurance Group AG		1,593		860,562
				18,113,674
				87,361,778
Health Care – 9.1%
Biotechnology – 1.2%
AbbVie, Inc.		15,802		2,877,544
Amgen, Inc.		4,788		1,361,324
Argenx SE(a)		644		253,912
Biogen, Inc.(a)		1,297		279,672
CSL Ltd.		5,257		986,357
Genmab A/S(a)		719		215,577
Gilead Sciences, Inc.		11,152		816,884
Grifols SA(a) (b)		3,245		29,189
Incyte Corp.(a)		1,665		94,855
Moderna, Inc.(a)		2,969		316,377
Regeneron Pharmaceuticals, Inc.(a)		946		910,515
Swedish Orphan Biovitrum AB(a)		2,120		52,921
Vertex Pharmaceuticals, Inc.(a)		2,306		963,931
				9,159,058
Health Care Equipment & Supplies – 1.7%
Abbott Laboratories		15,538		1,766,049
Alcon, Inc.		5,438		449,785
Align Technology, Inc.(a)		637		208,885
Asahi Intecc Co., Ltd.(b)		2,389		41,855
Baxter International, Inc.		4,545		194,253
Becton Dickinson & Co.		2,586		639,906
BioMerieux		451		49,742
Boston Scientific Corp.(a)		13,112		898,041
Carl Zeiss Meditec AG		438		54,674
Cochlear Ltd.(b)		713		156,811
Coloplast A/S - Class B		1,372		185,243
Cooper Cos., Inc. (The)		1,779		180,497
Demant A/S(a)		1,096		54,475
DENTSPLY SIRONA, Inc.		1,896		62,928
Dexcom, Inc.(a)		3,450		478,515
DiaSorin SpA		243		23,451
Edwards Lifesciences Corp.(a)		5,428		518,700
EssilorLuxottica SA		3,210		726,139
Fisher & Paykel Healthcare Corp., Ltd.		6,353		97,357
GE Healthcare, Inc.		3,627		329,730

7

Company	Shares		U.S. $ Value
Getinge AB - Class B		2,488	$	50,041
Hologic, Inc.(a)		2,101		163,794
Hoya Corp.		3,850		481,523
IDEXX Laboratories, Inc.(a)		743		401,168
Insulet Corp.(a)		625		107,125
Intuitive Surgical, Inc.(a)		3,153		1,258,331
Koninklijke Philips NV		8,449		169,098
Medtronic PLC		11,900		1,037,085
Olympus Corp.		13,068		188,157
ResMed, Inc.		1,316		260,607
Siemens Healthineers AG(a)		3,069		187,692
Smith & Nephew PLC		9,511		119,068
Sonova Holding AG (REG)		552		159,855
STERIS PLC		884		198,741
Straumann Holding AG (REG)		1,215		193,862
Stryker Corp.		3,026		1,082,915
Sysmex Corp.		5,607		100,056
Teleflex, Inc.		421		95,218
Terumo Corp.		14,742		269,759
Zimmer Biomet Holdings, Inc.		1,870		246,803
				13,887,934
Health Care Providers & Services – 1.4%
Amplifon SpA		1,355		49,393
Cardinal Health, Inc.		2,177		243,606
Cencora, Inc.		1,482		360,111
Centene Corp.(a)		4,784		375,448
Cigna Group (The)		2,618		950,831
CVS Health Corp.		11,263		898,337
DaVita, Inc.(a)		482		66,540
EBOS Group Ltd.		1,669		34,134
Elevance Health, Inc.		2,103		1,090,490
Fresenius Medical Care AG		2,235		85,879
Fresenius SE & Co. KGaA		4,596		123,939
HCA Healthcare, Inc.		1,773		591,349
Henry Schein, Inc.(a)		1,163		87,830
Humana, Inc.		1,094		379,312
Laboratory Corp. of America Holdings		760		166,030
McKesson Corp.		1,176		631,336
Molina Healthcare, Inc.(a)		519		213,221
Quest Diagnostics, Inc.		993		132,178
Ramsay Health Care Ltd.(b)		1,997		73,518
Sonic Healthcare Ltd.		4,857		93,074
UnitedHealth Group, Inc.		8,278		4,095,126
Universal Health Services, Inc. - Class B		546		99,623
				10,841,305
Health Care Technology – 0.0%
M3, Inc.		4,807		69,179
Life Sciences Tools & Services – 0.8%
Agilent Technologies, Inc.		2,623		381,673
Bachem Holding AG (REG)		367		35,145
Bio-Rad Laboratories, Inc. - Class A(a)		187		64,678
Bio-Techne Corp.		1,407		99,039
Charles River Laboratories International, Inc.(a)		459		124,366
Danaher Corp.		5,886		1,469,852

8

Company	Shares		U.S. $ Value
Eurofins Scientific SE		1,470	$	93,639
Illumina, Inc.(a)		1,421		195,132
IQVIA Holdings, Inc.(a)		1,633		412,969
Lonza Group AG (REG)		810		484,055
Mettler-Toledo International, Inc.(a)		192		255,608
QIAGEN NV(a)		2,406		102,826
Revvity, Inc.		1,105		116,025
Sartorius AG (Preference Shares)(a)		285		113,176
Sartorius Stedim Biotech(a)		318		90,702
Thermo Fisher Scientific, Inc.		3,458		2,009,824
Waters Corp.(a)		529		182,098
West Pharmaceutical Services, Inc.		662		261,960
				6,492,767
Pharmaceuticals – 4.0%
Astellas Pharma, Inc.		19,722		211,868
AstraZeneca PLC		16,877		2,267,320
Bayer AG (REG)		10,690		327,377
Bristol-Myers Squibb Co.		18,211		987,583
Catalent, Inc.(a)		1,618		91,336
Chugai Pharmaceutical Co., Ltd.		7,302		279,049
Daiichi Sankyo Co., Ltd.		20,142		640,896
Eisai Co., Ltd.		2,714		111,786
Eli Lilly & Co.		7,137		5,552,300
GSK PLC		44,778		961,401
Hikma Pharmaceuticals PLC		1,804		43,640
Ipsen SA		410		48,788
Johnson & Johnson		21,545		3,408,204
Kyowa Kirin Co., Ltd.		2,920		52,534
Merck & Co., Inc.		22,680		2,992,626
Merck KGaA		1,406		247,927
Novartis AG (REG)		22,316		2,161,492
Novo Nordisk A/S - Class B		35,535		4,558,194
Ono Pharmaceutical Co., Ltd.		3,903		63,950
Orion Oyj - Class B		1,173		43,726
Otsuka Holdings Co., Ltd.		4,511		187,379
Pfizer, Inc.		50,536		1,402,374
Recordati Industria Chimica e Farmaceutica SpA		1,138		62,838
Roche Holding AG (BR)		348		93,843
Roche Holding AG (Genusschein)		7,649		1,952,934
Sandoz Group AG(a)		4,454		134,447
Sanofi SA		12,389		1,205,257
Shionogi & Co., Ltd.		2,677		136,799
Takeda Pharmaceutical Co., Ltd.		17,270		480,346
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		12,197		172,100
UCB SA		1,376		169,863
Viatris, Inc.		10,737		128,200
Zoetis, Inc.		4,109		695,284
				31,873,661
				72,323,904

9

Company	Shares		U.S. $ Value
Industrials – 8.3%
Aerospace & Defense – 1.3%
Airbus SE		6,452	$	1,188,644
Axon Enterprise, Inc.(a)		630		197,114
BAE Systems PLC		33,002		562,533
Boeing Co. (The)(a)		5,133		990,618
Dassault Aviation SA		220		48,437
Elbit Systems Ltd.		290		60,567
General Dynamics Corp.		2,032		574,020
Howmet Aerospace, Inc.		3,501		239,573
Huntington Ingalls Industries, Inc.		354		103,180
Kongsberg Gruppen ASA		957		66,079
L3Harris Technologies, Inc.		1,696		361,418
Leonardo SpA		4,403		110,619
Lockheed Martin Corp.		1,925		875,625
Melrose Industries PLC		14,480		122,948
MTU Aero Engines AG		586		148,625
Northrop Grumman Corp.		1,262		604,069
Rheinmetall AG		474		266,588
Rolls-Royce Holdings PLC(a)		91,587		492,771
RTX Corp.		11,875		1,158,169
Saab AB - Class B		871		77,478
Safran SA		3,720		842,475
Singapore Technologies Engineering Ltd.		16,730		49,810
Textron, Inc.		1,754		168,261
Thales SA		1,029		175,424
TransDigm Group, Inc.		498		613,337
				10,098,382
Air Freight & Logistics – 0.3%
CH Robinson Worldwide, Inc.		1,044		79,490
Deutsche Post AG		10,787		464,891
DSV A/S		1,906		309,829
Expeditors International of Washington, Inc.		1,301		158,163
FedEx Corp.		2,058		596,285
NIPPON EXPRESS HOLDINGS, Inc.		767		39,152
SG Holdings Co., Ltd.		3,485		44,134
United Parcel Service, Inc. - Class B		6,473		962,082
Yamato Holdings Co., Ltd.		2,846		40,961
				2,694,987
Building Products – 0.5%
A O Smith Corp.		1,099		98,317
AGC, Inc.		2,164		78,515
Allegion PLC		786		105,882
Assa Abloy AB - Class B		10,906		312,984
Builders FirstSource, Inc.(a)		1,104		230,239
Carrier Global Corp.		7,478		434,696
Cie de Saint-Gobain SA		4,960		384,964
Daikin Industries Ltd.		2,853		389,550
Geberit AG (REG)		364		215,118
Johnson Controls International PLC		6,099		398,387
Kingspan Group PLC		1,693		154,192
Masco Corp.		1,967		155,157
Nibe Industrier AB - Class B(b)		16,488		81,078
Otis Worldwide Corp.		3,629		360,251
ROCKWOOL A/S - Class B(a)		100		32,903
TOTO Ltd.		1,526		42,781
Trane Technologies PLC		2,037		611,507
				4,086,521

10

Company	Shares		U.S. $ Value
Commercial Services & Supplies – 0.4%
Brambles Ltd.		15,141	$	159,346
Cintas Corp.		771		529,700
Copart, Inc.(a)		7,821		452,992
Dai Nippon Printing Co., Ltd.		2,206		67,560
Rentokil Initial PLC		27,447		163,186
Republic Services, Inc.		1,830		350,335
Rollins, Inc.		2,513		116,277
Secom Co., Ltd.		2,267		164,478
Securitas AB - Class B		5,350		55,153
TOPPAN Holdings, Inc.		2,542		63,720
Veralto Corp.		1,963		174,040
Waste Management, Inc.		3,280		699,132
				2,995,919
Construction & Engineering – 0.3%
ACS Actividades de Construccion y Servicios SA		2,296		96,153
Bouygues SA		2,079		84,875
Eiffage SA		800		90,794
Epiroc AB - Class A		7,169		134,580
Epiroc AB - Class B		4,243		71,855
Ferrovial SE		5,642		223,377
Kajima Corp.		4,571		93,818
Obayashi Corp.		7,042		83,732
Quanta Services, Inc.		1,300		337,740
Shimizu Corp.		5,661		36,557
Skanska AB - Class B		3,701		65,910
Taisei Corp.		1,810		65,973
Vinci SA		5,449		699,262
				2,084,626
Electrical Equipment – 0.8%
ABB Ltd. (REG)		17,247		800,094
AMETEK, Inc.		2,066		377,871
Eaton Corp. PLC		3,574		1,117,518
Emerson Electric Co.		5,117		580,370
Fuji Electric Co., Ltd.		1,402		94,080
Generac Holdings, Inc.(a)		550		69,377
Hubbell, Inc.		480		199,224
Legrand SA		2,873		304,241
Mitsubishi Electric Corp.		21,026		351,953
NIDEC Corp.		4,512		187,109
Prysmian SpA		2,858		149,056
Rockwell Automation, Inc.		1,026		298,905
Schneider Electric SE		5,925		1,339,503
Siemens Energy AG(a)		5,652		103,735
Vestas Wind Systems A/S(a)		10,989		306,523
				6,279,559
Ground Transportation – 0.7%
Aurizon Holdings Ltd.		20,025		52,214
Central Japan Railway Co.		8,385		208,244
CSX Corp.		17,686		655,620
East Japan Railway Co.		9,957		191,026
Grab Holdings Ltd. - Class A(a)		20,670		64,904
Hankyu Hanshin Holdings, Inc.		2,463		70,666
JB Hunt Transport Services, Inc.		730		145,452
Keisei Electric Railway Co., Ltd.		1,537		62,502

11

Company	Shares		U.S. $ Value
Kintetsu Group Holdings Co., Ltd.(b)		1,954	$	56,914
MTR Corp., Ltd.		17,100		56,498
Norfolk Southern Corp.		2,022		515,347
Odakyu Electric Railway Co., Ltd.		3,443		47,461
Old Dominion Freight Line, Inc.		1,602		351,335
Tobu Railway Co., Ltd.		2,094		52,360
Tokyu Corp.		5,392		65,658
Uber Technologies, Inc.(a)		18,418		1,418,002
Union Pacific Corp.		5,458		1,342,286
West Japan Railway Co.		4,874		101,575
				5,458,064
Industrial Conglomerates – 0.8%
3M Co.		4,947		524,728
CK Hutchison Holdings Ltd.		28,958		139,365
DCC PLC		1,075		78,213
General Electric Co.		9,741		1,709,838
Hikari Tsushin, Inc.		247		46,454
Hitachi Ltd.		10,115		924,313
Honeywell International, Inc.		5,900		1,210,975
Investment AB Latour - Class B(b)		1,611		42,351
Jardine Cycle & Carriage Ltd.		1,023		18,316
Jardine Matheson Holdings Ltd.		1,734		64,681
Keppel Ltd.		15,674		85,173
Lifco AB - Class B		2,536		66,226
Siemens AG (REG)		8,274		1,579,828
Smiths Group PLC		3,781		78,374
				6,568,835
Machinery – 1.6%
Alfa Laval AB		3,148		123,699
Alstom SA		3,135		47,741
Atlas Copco AB - Class A		29,230		493,652
Atlas Copco AB - Class B		16,984		250,853
Caterpillar, Inc.		4,556		1,669,455
Cummins, Inc.		1,269		373,911
Daifuku Co., Ltd.		3,264		78,236
Daimler Truck Holding AG		5,820		294,927
Deere & Co.		2,330		957,024
Dover Corp.		1,252		221,842
FANUC Corp.		10,417		290,597
Fortive Corp.		3,139		270,017
GEA Group AG		1,781		75,301
Hitachi Construction Machinery Co., Ltd.		1,183		35,693
Hoshizaki Corp.		1,229		44,842
Husqvarna AB - Class B		3,809		32,594
IDEX Corp.		677		165,202
Illinois Tool Works, Inc.		2,434		653,115
Indutrade AB(a)		2,973		80,975
Ingersoll Rand, Inc.		3,623		344,004
Knorr-Bremse AG		789		59,676
Komatsu Ltd.		10,018		296,440
Kone Oyj - Class B		3,559		165,803
Kubota Corp.		10,903		171,065
Makita Corp.		2,435		69,204
Metso Oyj		7,215		85,706
MINEBEA MITSUMI, Inc.		3,918		76,852
MISUMI Group, Inc.		3,063		42,671
Mitsubishi Heavy Industries Ltd.		34,610		313,682

12

Company	Shares		U.S. $ Value
Nordson Corp.		486	$	133,426
PACCAR, Inc.		4,682		580,053
Parker-Hannifin Corp.		1,149		638,603
Pentair PLC		1,479		126,366
Rational AG		56		48,249
Sandvik AB		11,602		257,573
Schindler Holding AG		443		111,511
Schindler Holding AG (REG)		255		62,222
Seatrium Ltd.(a) (b)		482,453		28,196
SKF AB - Class B(b)		3,708		75,698
SMC Corp.		619		349,215
Snap-on, Inc.		472		139,816
Spirax-Sarco Engineering PLC		803		101,881
Stanley Black & Decker, Inc.		1,372		134,360
Techtronic Industries Co., Ltd.		14,862		201,943
Toyota Industries Corp.		1,574		164,689
VAT Group AG(c)		294		151,879
Volvo AB - Class A		2,178		59,975
Volvo AB - Class B(b)		16,421		445,033
Wartsila OYJ Abp		5,150		78,267
Westinghouse Air Brake Technologies Corp.		1,603		233,525
Xylem, Inc./NY		2,158		278,900
				12,186,159
Marine Transportation – 0.1%
AP Moller - Maersk A/S - Class A		33		42,283
AP Moller - Maersk A/S - Class B		45		58,673
Kawasaki Kisen Kaisha Ltd.(b)		4,374		58,818
Kuehne + Nagel International AG (REG)		591		164,427
Mitsui OSK Lines Ltd.(b)		3,752		114,461
Nippon Yusen KK(b)		4,949		135,870
SITC International Holdings Co., Ltd.		14,511		26,530
				601,062
Passenger Airlines – 0.1%
American Airlines Group, Inc.(a)		5,856		89,890
ANA Holdings, Inc.		1,710		35,738
Delta Air Lines, Inc.		5,731		274,343
Deutsche Lufthansa AG (REG)(a)		6,509		51,156
Japan Airlines Co., Ltd.		1,553		29,488
Qantas Airways Ltd.(a)		9,193		32,636
Singapore Airlines Ltd.		15,799		74,879
Southwest Airlines Co.		5,340		155,875
United Airlines Holdings, Inc.(a)		2,936		140,576
				884,581
Professional Services – 0.7%
Adecco Group AG (REG)		1,741		68,878
Automatic Data Processing, Inc.		3,677		918,294
Broadridge Financial Solutions, Inc.		1,054		215,922
Bureau Veritas SA		3,209		97,982
Computershare Ltd.		5,857		99,762
Dayforce, Inc.(a)		1,397		92,495
Equifax, Inc.		1,104		295,342
Experian PLC		9,998		435,642
Intertek Group PLC		1,756		110,536

13

Company	Shares		U.S. $ Value
Jacobs Solutions, Inc.		1,125	$	172,946
Leidos Holdings, Inc.		1,231		161,372
Paychex, Inc.		2,866		351,945
Paycom Software, Inc.		430		85,574
Randstad NV		1,181		62,363
Recruit Holdings Co., Ltd.		15,690		688,897
RELX PLC (London)		20,515		884,718
Robert Half, Inc.		932		73,889
SGS SA (REG)(a)		1,631		158,342
Teleperformance SE		621		60,321
Verisk Analytics, Inc.		1,298		305,978
Wolters Kluwer NV		2,704		423,419
				5,764,617
Trading Companies & Distributors – 0.6%
AerCap Holdings NV(a)		2,179		189,377
Ashtead Group PLC		4,762		339,193
Beijer Ref AB(b)		4,187		62,168
Brenntag SE		1,444		121,702
Bunzl PLC		3,678		141,521
Fastenal Co.		5,121		395,034
ITOCHU Corp.		12,976		557,444
Marubeni Corp.		15,608		270,325
Mitsubishi Corp.		37,497		866,601
Mitsui & Co., Ltd.		14,118		660,038
MonotaRO Co., Ltd.		2,725		32,801
Reece Ltd.(b)		2,460		45,042
Rexel SA		2,454		66,289
Seven Group Holdings Ltd.(b)		1,780		47,301
Sumitomo Corp.		11,362		273,687
Toyota Tsusho Corp.		2,273		156,089
United Rentals, Inc.		601		433,387
WW Grainger, Inc.		395		401,834
				5,059,833
Transportation Infrastructure – 0.1%
Aena SME SA		816		160,714
Aeroports de Paris SA		377		51,692
Auckland International Airport Ltd.		14,448		72,077
Getlink SE		3,889		66,216
Transurban Group(b)		33,606		291,536
				642,235
				65,405,380
Consumer Discretionary – 8.1%
Automobile Components – 0.2%
Aisin Corp.		1,641		67,056
Aptiv PLC(a)		2,497		198,886
BorgWarner, Inc.		2,057		71,460
Bridgestone Corp.		6,240		276,555
Cie Generale des Etablissements Michelin SCA		7,390		283,210
Continental AG		1,197		86,405
Denso Corp.		20,588		394,295
Koito Manufacturing Co., Ltd.		2,204		29,709
Sumitomo Electric Industries Ltd.		7,726		119,717
				1,527,293

14

Company	Shares		U.S. $ Value
Automobiles – 1.6%
Bayerische Motoren Werke AG		3,470	$	400,364
Bayerische Motoren Werke AG (Preference Shares)		641		68,781
Dr. Ing. h.c. F. Porsche AG (Preference Shares)(c)		1,239		123,228
Ferrari NV		1,372		598,241
Ford Motor Co.		34,930		463,870
General Motors Co.		10,332		468,556
Honda Motor Co., Ltd.		50,301		622,409
Isuzu Motors Ltd.		6,386		86,322
Mazda Motor Corp.		6,229		72,192
Mercedes-Benz Group AG		8,732		695,390
Nissan Motor Co., Ltd.(b)		26,177		103,726
Porsche Automobil Holding SE (Preference Shares)		1,666		88,254
Renault SA		2,091		105,512
Stellantis NV (Milan)		24,111		684,970
Subaru Corp.		6,606		149,612
Suzuki Motor Corp.		17,156		195,875
Tesla, Inc.(a)		24,798		4,359,240
Toyota Motor Corp.		115,435		2,917,614
Volkswagen AG		321		49,035
Volkswagen AG (Preference Shares)		2,244		297,608
Volvo Car AB - Class B(a)		8,104		30,682
Yamaha Motor Co., Ltd.(b)		9,676		89,131
				12,670,612
Broadline Retail – 2.2%
Amazon.com, Inc.(a)		81,812		14,757,249
Cie Financiere Richemont SA (REG)		5,850		890,607
eBay, Inc.		4,645		245,163
Etsy, Inc.(a)		1,072		73,668
Global-e Online Ltd.(a)		1,072		38,967
Next PLC		1,318		153,632
Pan Pacific International Holdings Corp.		4,158		110,194
Prosus NV		15,918		498,239
Rakuten Group, Inc.(a)		16,353		92,821
Wesfarmers Ltd.(b)		12,349		550,455
				17,410,995
Distributors – 0.1%
D’ieteren Group		234		51,878
Genuine Parts Co.		1,255		194,437
LKQ Corp.		2,395		127,917
Pool Corp.		346		139,611
				513,843
Diversified Consumer Services – 0.0%
IDP Education Ltd.(b)		2,877		33,584
Pearson PLC		6,808		89,644
				123,228

15

Company	Shares		U.S. $ Value
Hotels, Restaurants & Leisure – 1.4%
Accor SA		2,059	$	96,127
Airbnb, Inc. - Class A(a)		3,898		643,014
Amadeus IT Group SA		4,902		314,692
Aristocrat Leisure Ltd.		6,303		176,490
Booking Holdings, Inc.		312		1,131,899
Caesars Entertainment, Inc.(a)		1,931		84,462
Carnival Corp.(a)		9,017		147,338
Chipotle Mexican Grill, Inc.(a)		245		712,159
Compass Group PLC		18,598		545,528
Darden Restaurants, Inc.		1,069		178,683
Delivery Hero SE(a)		1,921		54,930
Domino’s Pizza, Inc.		312		155,027
Entain PLC		6,950		69,743
Evolution AB		1,994		247,663
Expedia Group, Inc.(a)		1,170		161,168
Flutter Entertainment PLC - Class DI(a)		1,926		383,916
Galaxy Entertainment Group Ltd.		23,738		119,333
Genting Singapore Ltd.		65,925		43,236
Hilton Worldwide Holdings, Inc.		2,257		481,441
InterContinental Hotels Group PLC		1,798		186,834
La Francaise des Jeux SAEM		1,143		46,586
Las Vegas Sands Corp.		3,305		170,868
Lottery Corp., Ltd. (The)		24,215		81,208
Marriott International, Inc./MD - Class A		2,208		557,100
McDonald’s Corp.		6,492		1,830,419
McDonald’s Holdings Co. Japan Ltd.		929		41,774
MGM Resorts International(a)		2,446		115,476
Norwegian Cruise Line Holdings Ltd.(a)		3,808		79,701
Oriental Land Co., Ltd./Japan		11,825		378,822
Royal Caribbean Cruises Ltd.(a)		2,111		293,450
Sands China Ltd.(a)		26,462		74,656
Sodexo SA		963		82,551
Starbucks Corp.		10,133		926,055
Whitbread PLC		2,029		84,828
Wynn Resorts Ltd.		853		87,202
Yum! Brands, Inc.		2,515		348,705
Zensho Holdings Co., Ltd.		1,092		45,411
				11,178,495
Household Durables – 0.4%
Barratt Developments PLC		10,603		63,640
Berkeley Group Holdings PLC		1,154		69,333
DR Horton, Inc.		2,673		439,842
Garmin Ltd.		1,370		203,952
Iida Group Holdings Co., Ltd.(b)		1,683		21,781
Lennar Corp. - Class A		2,212		380,420
Mohawk Industries, Inc.(a)		473		61,911
NVR, Inc.(a)		29		234,899
Panasonic Holdings Corp.		24,075		229,766
Persimmon PLC		3,475		57,617
PulteGroup, Inc.		1,898		228,937
SEB SA		271		34,672
Sekisui Chemical Co., Ltd.		4,127		60,380
Sekisui House Ltd.		6,470		147,371
Sharp Corp./Japan(a) (b)		2,857		15,912
Sony Group Corp.		13,697		1,174,528
Taylor Wimpey PLC		38,464		66,499
				3,491,460

16

Company	Shares		U.S. $ Value
Leisure Products – 0.0%
Bandai Namco Holdings, Inc.		6,558	$	121,685
Hasbro, Inc.		1,167		65,959
Shimano, Inc.		853		126,895
Yamaha Corp.		1,474		31,816
				346,355
Specialty Retail – 1.3%
AutoZone, Inc.(a)		155		488,506
Avolta AG(a)		1,079		44,927
Bath & Body Works, Inc.		2,022		101,140
Best Buy Co., Inc.		1,716		140,763
CarMax, Inc.(a)		1,413		123,086
Fast Retailing Co., Ltd.		1,890		585,571
H & M Hennes & Mauritz AB - Class B(b)		7,027		114,583
Home Depot, Inc. (The)		8,908		3,417,109
Industria de Diseno Textil SA		11,870		597,729
JD Sports Fashion PLC		28,193		47,896
Kingfisher PLC		20,420		64,267
Lowe’s Cos., Inc.		5,147		1,311,095
Nitori Holdings Co., Ltd.		863		130,789
O’Reilly Automotive, Inc.(a)		529		597,178
Ross Stores, Inc.		3,013		442,188
TJX Cos., Inc. (The)		10,200		1,034,484
Tractor Supply Co.		968		253,345
Ulta Beauty, Inc.(a)		435		227,453
USS Co., Ltd.		4,404		36,409
Zalando SE(a)		2,439		69,744
ZOZO, Inc.		1,507		37,403
				9,865,665
Textiles, Apparel & Luxury Goods – 0.9%
adidas AG		1,763		393,905
Burberry Group PLC		3,901		59,671
Deckers Outdoor Corp.(a)		230		216,490
Hermes International SCA		345		881,744
Kering SA		810		320,827
Lululemon Athletica, Inc.(a)		1,028		401,588
LVMH Moet Hennessy Louis Vuitton SE		3,006		2,704,787
Moncler SpA		2,241		167,225
NIKE, Inc. - Class B		10,894		1,023,818
Pandora A/S		920		148,494
Puma SE		1,149		51,999
Ralph Lauren Corp.		349		65,528
Swatch Group AG (The) (BR)		315		73,484
Swatch Group AG (The) (REG)		572		25,937
Tapestry, Inc.		2,053		97,476
VF Corp.		2,958		45,376
				6,678,349
				63,806,295

17

Company	Shares		U.S. $ Value
Communication Services – 5.4%
Diversified Telecommunication Services – 1.0%
AT&T, Inc.		63,992	$	1,126,259
BT Group PLC		70,345		97,355
Cellnex Telecom SA(a)		4,997		176,767
Charter Communications, Inc. - Class A(a)		884		256,917
Comcast Corp. - Class A		35,464		1,537,364
Deutsche Telekom AG (REG)		35,271		856,185
Elisa Oyj		1,547		68,970
HKT Trust & HKT Ltd. - Class SS		41,163		48,029
Infrastrutture Wireless Italiane SpA		3,656		41,488
Koninklijke KPN NV		36,503		136,536
Nippon Telegraph & Telephone Corp.		325,169		387,310
Orange SA		20,261		238,270
Singapore Telecommunications Ltd.		89,808		168,778
Spark New Zealand Ltd.		19,736		56,185
Swisscom AG (REG)(a)		282		172,600
Telecom Italia SpA/Milano(a)		108,398		26,324
Telefonica SA		53,188		234,891
Telenor ASA		6,851		76,199
Telia Co. AB		25,666		65,781
Telstra Group Ltd.		43,996		110,669
Verizon Communications, Inc.		37,628		1,578,871
Washington H Soul Pattinson & Co., Ltd.(b)		2,553		55,892
				7,517,640
Entertainment – 0.8%
Bollore SE		7,750		51,779
Capcom Co., Ltd.		3,808		71,339
Electronic Arts, Inc.		2,177		288,823
Konami Group Corp.		1,137		77,451
Live Nation Entertainment, Inc.(a)		1,270		134,328
Netflix, Inc.(a)		3,873		2,352,189
Nexon Co., Ltd.		3,745		62,248
Nintendo Co., Ltd.		11,313		617,289
Sea Ltd. (ADR)(a)		4,013		215,538
Square Enix Holdings Co., Ltd.		966		37,255
Take-Two Interactive Software, Inc.(a)		1,419		210,707
Toho Co., Ltd./Tokyo		1,253		41,606
Universal Music Group NV		8,920		268,049
Walt Disney Co. (The)		16,417		2,008,784
Warner Bros Discovery, Inc.(a)		19,861		173,387
				6,610,772
Interactive Media & Services – 3.1%
Adevinta ASA(a)		3,804		39,874
Alphabet, Inc. - Class A(a)		52,743		7,960,501
Alphabet, Inc. - Class C(a)		44,158		6,723,497
Auto Trader Group PLC		9,872		87,179
CAR Group Ltd.		3,897		91,602
LY Corp.		29,110		73,735
Match Group, Inc.(a)		2,433		88,269
Meta Platforms, Inc. - Class A		19,691		9,561,556
REA Group Ltd.(b)		575		69,476
Scout24 SE		816		61,476
SEEK Ltd.(b)		3,875		63,188
				24,820,353

18

Company	Shares		U.S. $ Value
Media – 0.2%
Dentsu Group, Inc.		2,179	$	60,504
Fox Corp. - Class A		2,142		66,980
Fox Corp. - Class B		1,181		33,800
Informa PLC		14,951		156,866
Interpublic Group of Cos., Inc. (The)		3,428		111,856
News Corp. - Class A		3,401		89,038
News Corp. - Class B		1,026		27,763
Omnicom Group, Inc.		1,772		171,459
Paramount Global - Class B		4,318		50,823
Publicis Groupe SA		2,490		271,461
Vivendi SE		7,283		79,369
WPP PLC		11,693		110,816
				1,230,735
Wireless Telecommunication Services – 0.3%
KDDI Corp.		16,258		480,696
SoftBank Corp.		31,268		402,574
SoftBank Group Corp.		11,212		665,829
T-Mobile US, Inc.		4,674		762,890
Tele2 AB - Class B		5,834		47,906
Vodafone Group PLC		250,456		222,135
				2,582,030
				42,761,530
Consumer Staples – 5.0%
Beverages – 1.1%
Anheuser-Busch InBev SA/NV		9,453		575,442
Asahi Group Holdings Ltd.		5,225		191,861
Brown-Forman Corp. - Class B		1,618		83,521
Carlsberg AS - Class B		1,071		146,668
Coca-Cola Co. (The)		34,825		2,130,593
Coca-Cola Europacific Partners PLC		2,247		157,178
Coca-Cola HBC AG		2,395		75,683
Constellation Brands, Inc. - Class A		1,440		391,334
Davide Campari-Milano NV		6,698		67,315
Diageo PLC		24,325		900,079
Heineken Holding NV		1,410		113,792
Heineken NV		3,134		302,141
Keurig Dr Pepper, Inc.		9,321		285,875
Kirin Holdings Co., Ltd.		8,414		117,008
Molson Coors Beverage Co. - Class B		1,657		111,433
Monster Beverage Corp.(a)		6,611		391,900
PepsiCo, Inc.		12,301		2,152,798
Pernod Ricard SA		2,225		360,192
Remy Cointreau SA		251		25,345
Suntory Beverage & Food Ltd.		1,532		51,820
Treasury Wine Estates Ltd.(b)		8,828		71,609
				8,703,587
Consumer Staples Distribution & Retail – 1.2%
Aeon Co., Ltd.		7,071		167,737
Carrefour SA		6,169		105,825
Coles Group Ltd.		14,563		160,764
Costco Wholesale Corp.		3,971		2,909,274
Dollar General Corp.		1,964		306,502
Dollar Tree, Inc.(a)		1,852		246,594

19

Company	Shares		U.S. $ Value
Endeavour Group Ltd./Australia(b)		15,587	$	55,964
J Sainsbury PLC		18,036		61,583
Jeronimo Martins SGPS SA		3,081		61,128
Kesko Oyj - Class B		2,971		55,540
Kobe Bussan Co., Ltd.		1,597		39,132
Koninklijke Ahold Delhaize NV		10,363		310,079
Kroger Co. (The)		5,924		338,438
MatsukiyoCocokara & Co.		3,745		60,133
Ocado Group PLC(a) (b)		6,310		36,187
Seven & i Holdings Co., Ltd.		24,588		358,392
Sysco Corp.		4,456		361,738
Target Corp.		4,132		732,232
Tesco PLC		76,774		287,555
Walgreens Boots Alliance, Inc.		6,406		138,946
Walmart, Inc.		38,312		2,305,233
Woolworths Group Ltd.(b)		13,292		287,320
				9,386,296
Food Products – 1.0%
Ajinomoto Co., Inc.		5,141		191,983
Archer-Daniels-Midland Co.		4,774		299,855
Associated British Foods PLC		3,710		117,054
Barry Callebaut AG (REG)		39		56,651
Bunge Global SA		1,300		133,276
Campbell Soup Co.		1,761		78,276
Chocoladefabriken Lindt & Spruengli AG		10		119,688
Chocoladefabriken Lindt & Spruengli AG (REG)		1		120,639
Conagra Brands, Inc.		4,278		126,800
Danone SA		7,007		452,966
General Mills, Inc.		5,083		355,658
Hershey Co. (The)		1,341		260,824
Hormel Foods Corp.		2,594		90,505
J M Smucker Co. (The)		950		119,577
JDE Peet’s NV(b)		1,061		22,275
Kellanova		2,360		135,204
Kerry Group PLC - Class A		1,718		147,209
Kikkoman Corp.		7,580		97,286
Kraft Heinz Co. (The)		7,135		263,281
Lamb Weston Holdings, Inc.		1,292		137,637
Lotus Bakeries NV(b)		4		38,623
McCormick & Co., Inc./MD		2,250		172,822
MEIJI Holdings Co., Ltd.		2,506		54,713
Mondelez International, Inc. - Class A		12,051		843,570
Mowi ASA		5,063		93,001
Nestle SA (REG)		29,071		3,088,793
Nissin Foods Holdings Co., Ltd.		2,220		61,201
Orkla ASA		7,626		53,860
Salmar ASA		718		47,387
Tyson Foods, Inc. - Class A		2,563		150,525
WH Group Ltd.		90,524		59,753
Wilmar International Ltd.		21,354		54,242
Yakult Honsha Co., Ltd.		2,762		56,451
				8,101,585
Household Products – 0.8%
Church & Dwight Co., Inc.		2,205		230,004
Clorox Co. (The)		1,111		170,105
Colgate-Palmolive Co.		7,369		663,579

20

Company	Shares		U.S. $ Value
Essity AB - Class B(b)		6,630	$	157,490
Henkel AG & Co. KGaA		1,131		81,492
Henkel AG & Co. KGaA (Preference Shares)		1,841		147,972
Kimberly-Clark Corp.		3,015		389,990
Procter & Gamble Co. (The)		21,060		3,416,985
Reckitt Benckiser Group PLC		7,768		442,815
Unicharm Corp.		4,352		138,551
				5,838,983
Personal Care Products – 0.5%
Beiersdorf AG		1,097		159,720
Estee Lauder Cos., Inc. (The) - Class A		2,085		321,403
Haleon PLC		65,313		273,712
Kao Corp.		5,034		188,112
Kenvue, Inc.		15,425		331,020
L’Oreal SA		2,620		1,240,757
Shiseido Co., Ltd.		4,366		119,805
Unilever PLC (London)		27,223		1,366,644
				4,001,173
Tobacco – 0.4%
Altria Group, Inc.		15,783		688,455
British American Tobacco PLC		21,903		664,780
Imperial Brands PLC		9,104		203,516
Japan Tobacco, Inc.		13,093		349,084
Philip Morris International, Inc.		13,895		1,273,060
				3,178,895
				39,210,519
Energy – 2.9%
Energy Equipment & Services – 0.2%
Baker Hughes Co.		8,958		300,093
Halliburton Co.		7,966		314,019
Schlumberger NV		12,775		700,198
Tenaris SA		5,137		101,565
				1,415,875
Oil, Gas & Consumable Fuels – 2.7%
Aker BP ASA		3,438		86,230
Ampol Ltd.		2,472		64,124
APA Corp.		2,712		93,239
BP PLC		186,293		1,168,695
Chevron Corp.		15,523		2,448,598
ConocoPhillips		10,544		1,342,040
Coterra Energy, Inc.		6,732		187,688
Devon Energy Corp.		5,734		287,732
Diamondback Energy, Inc.		1,602		317,468
ENEOS Holdings, Inc.		31,363		151,102
Eni SpA		23,877		378,069
EOG Resources, Inc.		5,219		667,197
EQT Corp.		3,681		136,455
Equinor ASA		9,803		262,862
Exxon Mobil Corp.		35,541		4,131,286
Galp Energia SGPS SA		5,056		83,588
Hess Corp.		2,464		376,105
Idemitsu Kosan Co., Ltd.		10,500		71,989
Inpex Corp.		10,562		160,555
Kinder Morgan, Inc.		17,308		317,429

21

Company	Shares		U.S. $ Value
Marathon Oil Corp.		5,238	$	148,445
Marathon Petroleum Corp.		3,294		663,741
Neste Oyj		4,603		124,811
Occidental Petroleum Corp.		5,891		382,856
OMV AG		1,602		75,875
ONEOK, Inc.		5,214		418,006
Phillips 66		3,848		628,532
Pioneer Natural Resources Co.		2,091		548,888
Repsol SA		13,205		220,407
Santos Ltd.		35,340		178,923
Shell PLC		70,796		2,348,974
Targa Resources Corp.		1,996		223,532
TotalEnergies SE		23,637		1,625,975
Valero Energy Corp.		3,047		520,093
Williams Cos., Inc. (The)		10,888		424,305
Woodside Energy Group Ltd.		20,661		411,823
				21,677,637
				23,093,512
Materials – 2.9%
Chemicals – 1.5%
Air Liquide SA		5,709		1,187,749
Air Products and Chemicals, Inc.		1,990		482,117
Akzo Nobel NV		1,856		138,676
Albemarle Corp.(b)		1,050		138,327
Arkema SA		653		68,748
Asahi Kasei Corp.		13,625		99,916
BASF SE		9,713		555,039
Celanese Corp.		896		153,987
CF Industries Holdings, Inc.		1,710		142,289
Clariant AG (REG)(a)		2,347		31,755
Corteva, Inc.		6,281		362,225
Covestro AG(a)		2,056		112,463
Croda International PLC		1,443		89,286
Dow, Inc.		6,286		364,148
DSM-Firmenich AG		2,024		230,194
DuPont de Nemours, Inc.		3,849		295,103
Eastman Chemical Co.		1,050		105,231
Ecolab, Inc.		2,266		523,219
EMS-Chemie Holding AG (REG)		76		58,248
Evonik Industries AG		2,535		50,143
FMC Corp.		1,117		71,153
Givaudan SA (REG)		100		445,174
ICL Group Ltd.		8,417		44,609
IMCD NV(b)		620		109,126
International Flavors & Fragrances, Inc.		2,285		196,487
JSR Corp.(a)		1,939		55,499
Linde PLC		4,340		2,015,149
LyondellBasell Industries NV - Class A		2,291		234,323
Mitsubishi Chemical Group Corp.		13,904		84,735
Mitsui Chemicals, Inc.		1,855		54,418
Mosaic Co. (The)		2,925		94,945
Nippon Paint Holdings Co., Ltd.		10,325		74,311
Nippon Sanso Holdings Corp.		1,892		59,363
Nissan Chemical Corp.		1,330		50,375
Nitto Denko Corp.		1,582		144,661
Novonesis (Novozymes) B - Class B		4,060		238,815
OCI NV		1,148		31,465

22

Company	Shares		U.S. $ Value
Orica Ltd.(b)		4,655	$	55,368
PPG Industries, Inc.		2,110		305,739
Sherwin-Williams Co. (The)		2,108		732,172
Shin-Etsu Chemical Co., Ltd.		19,641		861,492
Sika AG (REG)		1,659		493,636
Syensqo SA(a)		806		76,373
Symrise AG		1,445		172,982
Toray Industries, Inc.		15,051		72,273
Umicore SA		2,279		49,134
Yara International ASA		1,801		57,108
				12,069,748
Construction Materials – 0.3%
CRH PLC (London)		7,550		651,640
Heidelberg Materials AG		1,418		156,095
Holcim AG		5,672		513,865
James Hardie Industries PLC (CDI)(a)		4,789		192,486
Martin Marietta Materials, Inc.		553		339,509
Vulcan Materials Co.		1,189		324,502
				2,178,097
Containers & Packaging – 0.1%
Amcor PLC		12,936		123,021
Avery Dennison Corp.		721		160,963
Ball Corp.		2,822		190,090
International Paper Co.		3,097		120,845
Packaging Corp. of America		796		151,065
SIG Group AG		3,327		73,774
Smurfit Kappa Group PLC		2,832		129,127
Westrock Co.		2,300		113,735
				1,062,620
Metals & Mining – 0.9%
Anglo American PLC		13,827		340,736
Antofagasta PLC		4,290		110,193
ArcelorMittal SA		5,568		153,048
BHP Group Ltd.		55,185		1,595,616
BlueScope Steel Ltd.		4,851		75,448
Boliden AB		2,976		82,636
Endeavour Mining PLC		1,998		40,544
Fortescue Ltd.		18,427		308,376
Freeport-McMoRan, Inc.		12,834		603,455
Glencore PLC		112,854		619,293
JFE Holdings, Inc.		6,304		104,480
Mineral Resources Ltd.(b)		1,905		87,893
Newmont Corp. (New York)		10,315		369,690
Nippon Steel Corp.		9,329		224,498
Norsk Hydro ASA		14,434		79,320
Northern Star Resources Ltd.		12,502		117,963
Nucor Corp.		2,200		435,380
Pilbara Minerals Ltd.(b)		31,104		77,618
Rio Tinto Ltd.(b)		4,039		320,557
Rio Tinto PLC		12,255		774,821
South32 Ltd.(b)		49,276		96,154
Steel Dynamics, Inc.		1,361		201,741
Sumitomo Metal Mining Co., Ltd.		2,644		78,951
voestalpine AG		1,263		35,431
				6,933,842

23

Company	Shares		U.S. $ Value
Paper & Forest Products – 0.1%
Holmen AB - Class B(a)		829	$	33,724
Mondi PLC		4,802		84,579
Stora Enso Oyj - Class R		6,329		88,011
Svenska Cellulosa AB SCA - Class B(b)		6,593		101,361
UPM-Kymmene Oyj		5,808		193,503
				501,178
				22,745,485
Utilities – 1.8%
Electric Utilities – 1.1%
Acciona SA(b)		269		32,738
Alliant Energy Corp.		2,284		115,114
American Electric Power Co., Inc.		4,707		405,273
BKW AG		230		35,343
Chubu Electric Power Co., Inc.		6,977		91,232
CK Infrastructure Holdings Ltd.		6,927		40,571
CLP Holdings Ltd.		17,845		142,336
Constellation Energy Corp.		2,858		528,301
Duke Energy Corp.		6,900		667,299
Edison International		3,433		242,816
EDP - Energias de Portugal SA		34,139		133,198
Elia Group SA/NV(b)		320		34,542
Endesa SA		3,455		64,061
Enel SpA		88,511		584,305
Entergy Corp.		1,893		200,052
Evergy, Inc.		2,056		109,749
Eversource Energy		3,126		186,841
Exelon Corp.		8,909		334,711
FirstEnergy Corp.		4,622		178,502
Fortum Oyj(b)		4,881		60,262
Iberdrola SA		66,780		829,431
Kansai Electric Power Co., Inc. (The)		7,614		108,643
Mercury NZ Ltd.		7,568		31,334
NextEra Energy, Inc.		18,363		1,173,579
NRG Energy, Inc.		2,021		136,802
Origin Energy Ltd.		18,742		112,428
Orsted AS(a)		2,058		114,999
PG&E Corp.		19,095		320,032
Pinnacle West Capital Corp.		1,015		75,851
Power Assets Holdings Ltd.		14,977		87,744
PPL Corp.		6,597		181,615
Redeia Corp. SA		4,415		75,413
Southern Co. (The)		9,761		700,254
SSE PLC		11,892		247,924
Terna - Rete Elettrica Nazionale(b)		15,306		126,515
Tokyo Electric Power Co. Holdings, Inc.(a)		16,581		100,781
Verbund AG		741		54,137
Xcel Energy, Inc.		4,939		265,471
				8,930,199

24

Company	Shares		U.S. $ Value
Gas Utilities – 0.1%
APA Group		13,958	$	76,504
Atmos Energy Corp.		1,350		160,474
Enagas SA		2,708		40,230
Hong Kong & China Gas Co., Ltd.		122,302		92,701
Osaka Gas Co., Ltd.		4,043		90,951
Snam SpA(b)		21,938		103,585
Tokyo Gas Co., Ltd.		3,985		90,590
				655,035
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)		5,993		107,454
EDP Renovaveis SA		3,342		45,258
Meridian Energy Ltd.		14,070		49,680
RWE AG		6,880		233,832
				436,224
Multi-Utilities – 0.4%
Ameren Corp.		2,353		174,028
CenterPoint Energy, Inc.		5,649		160,940
Centrica PLC		58,724		94,666
CMS Energy Corp.		2,635		158,996
Consolidated Edison, Inc.		3,090		280,603
Dominion Energy, Inc.		7,489		368,384
DTE Energy Co.		1,848		207,235
E.ON SE		24,430		340,112
Engie SA		19,874		333,035
National Grid PLC		40,478		545,400
NiSource, Inc.		3,700		102,342
Public Service Enterprise Group, Inc.		4,460		297,839
Sembcorp Industries Ltd.		9,500		37,978
Sempra		5,632		404,547
Veolia Environnement SA		7,499		243,956
WEC Energy Group, Inc.		2,823		231,825
				3,981,886
Water Utilities – 0.1%
American Water Works Co., Inc.		1,743		213,012
Severn Trent PLC		2,929		91,394
United Utilities Group PLC		7,418		96,387
				400,793
				14,404,137
Real Estate – 1.7%
Diversified REITs – 0.1%
Covivio SA/France		549		28,298
GPT Group (The)(b)		20,839		62,017
KDX Realty Investment Corp.		45		47,830
Land Securities Group PLC		7,698		63,939
Mirvac Group(b)		42,927		65,979
Nomura Real Estate Master Fund, Inc.		46		45,487
Stockland		25,970		82,062
				395,612
Health Care REITs – 0.1%
Healthpeak Properties, Inc.		6,336		118,800
Ventas, Inc.		3,601		156,787
Welltower, Inc.		4,954		462,902
				738,489

25

Company	Shares		U.S. $ Value
Hotel & Resort REITs – 0.0%
Host Hotels & Resorts, Inc.		6,314	$	130,573
Industrial REITs – 0.2%
CapitaLand Ascendas REIT		40,812		83,717
GLP J-Reit		51		42,738
Goodman Group		18,599		409,686
Mapletree Logistics Trust		38,327		41,439
Nippon Prologis REIT, Inc.(b)		25		44,535
Prologis, Inc.		8,270		1,076,919
Segro PLC		12,687		144,651
Warehouses De Pauw CVA		1,910		54,463
				1,898,148
Office REITs – 0.1%
Alexandria Real Estate Equities, Inc.		1,409		181,634
Boston Properties, Inc.		1,292		84,381
Dexus(b)		11,701		60,290
Gecina SA		500		51,072
Japan Real Estate Investment Corp.(b)		14		49,908
Nippon Building Fund, Inc.		17		68,002
				495,287
Real Estate Management & Development – 0.4%
Azrieli Group Ltd.		462		33,336
CapitaLand Investment Ltd./Singapore		27,947		55,457
CBRE Group, Inc. - Class A(a)		2,662		258,853
City Developments Ltd.(b)		5,193		22,495
CK Asset Holdings Ltd.		21,190		87,317
CoStar Group, Inc.(a)		3,655		353,073
Daito Trust Construction Co., Ltd.		605		69,020
Daiwa House Industry Co., Ltd.		6,491		193,207
ESR Group Ltd.(c)		18,558		19,883
Fastighets AB Balder - Class B(a)		7,093		52,101
Hang Lung Properties Ltd.		19,199		19,743
Henderson Land Development Co., Ltd.		15,633		44,642
Hongkong Land Holdings Ltd.		11,998		36,840
Hulic Co., Ltd.		4,168		42,807
LEG Immobilien SE(a)		806		69,228
Mitsubishi Estate Co., Ltd.		12,236		223,258
Mitsui Fudosan Co., Ltd.		29,130		314,064
Nomura Real Estate Holdings, Inc.		1,195		33,760
Sagax AB - Class B		2,219		58,538
Sino Land Co., Ltd.		40,832		42,450
Sumitomo Realty & Development Co., Ltd.		3,117		116,138
Sun Hung Kai Properties Ltd.		15,591		150,604
Swire Pacific Ltd. - Class A		4,608		37,935
Swire Properties Ltd.		12,788		26,899
Swiss Prime Site AG (REG)		835		78,763
Unibail - Rodamco-Westfield(a)		1,286		103,454
Vonovia SE		7,978		235,764
Wharf Holdings Ltd. (The)(b)		11,500		37,805
Wharf Real Estate Investment Co., Ltd.		17,824		58,033
				2,875,467

26

Company	Shares		U.S. $ Value
Residential REITs – 0.1%
AvalonBay Communities, Inc.		1,270	$	235,661
Camden Property Trust		956		94,071
Equity Residential		3,089		194,947
Essex Property Trust, Inc.		575		140,766
Invitation Homes, Inc.		5,148		183,320
Mid-America Apartment Communities, Inc.		1,045		137,501
UDR, Inc.		2,708		101,306
				1,087,572
Retail REITs – 0.2%
CapitaLand Integrated Commercial Trust		57,735		84,655
Federal Realty Investment Trust		657		67,093
Japan Metropolitan Fund Invest		76		47,355
Kimco Realty Corp.		5,962		116,915
Klepierre SA		2,341		60,598
Link REIT		28,042		120,760
Mapletree Pan Asia Commercial Trust		25,757		24,413
Realty Income Corp.		7,443		402,666
Regency Centers Corp.		1,470		89,023
Scentre Group		56,466		124,707
Simon Property Group, Inc.		2,917		456,481
Vicinity Ltd.(b)		42,095		58,429
				1,653,095
Specialized REITs – 0.5%
American Tower Corp.		4,172		824,346
Crown Castle, Inc.		3,882		410,832
Digital Realty Trust, Inc.		2,711		390,492
Equinix, Inc.		840		693,277
Extra Space Storage, Inc.		1,891		277,977
Iron Mountain, Inc.		2,613		209,589
Public Storage		1,416		410,725
SBA Communications Corp.		966		209,332
VICI Properties, Inc.		9,259		275,826
Weyerhaeuser Co.		6,531		234,528
				3,936,924
				13,211,167
Total Common Stocks (cost $495,468,003)				578,351,276
INVESTMENT COMPANIES – 0.2%
Funds and Investment Trusts – 0.2%
iShares MSCI Emerging Markets ex China ETF(b) (d) (cost $1,974,533)		34,670		1,995,952

27

	Notional Amount			U.S. $ Value
PURCHASED OPTIONS - PUTS – 0.0%
Options on Indices – 0.0%
Euro STOXX 50 Index Expiration: Apr 2024; Contracts: 452; Exercise Price: EUR 4,900.00; Counterparty: Morgan Stanley & Co., Inc.(a)		EUR	22,148,000	$	56,323
FTSE 100 Index Expiration: Apr 2024; Contracts: 101; Exercise Price: GBP 7,550.00; Counterparty: Morgan Stanley & Co., Inc.(a)		GBP	7,625,500		6,055
Nikkei 225 Index Expiration: Apr 2024; Contracts: 69; Exercise Price: JPY 38,250.00; Counterparty: Morgan Stanley & Co., Inc.(a)		JPY	2,639,250,000		46,720
S&P 500 Index Expiration: Apr 2024; Contracts: 246; Exercise Price: USD 5,010.00; Counterparty: Morgan Stanley & Co., Inc.(a)		USD	123,246,000		167,280
Total Purchased Options - Puts (premiums paid $1,246,527)					276,378
	Shares
SHORT-TERM INVESTMENTS – 22.2%
Investment Companies – 22.2%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(d) (e) (f) (cost $175,321,071)			175,321,071		175,321,071
Total Investments Before Security Lending Collateral for Securities Loaned – 95.7% (cost $674,010,134)					755,944,677
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.3%
Investment Companies – 0.3%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.21%(d) (e) (f) (cost $2,096,197)			2,096,197		2,096,197
Total Investments – 96.0% (cost $676,106,331)(g)					758,040,874	(h)
Other assets less liabilities – 4.0%					31,464,785
Net Assets – 100.0%				$	789,505,659

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FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation (Depreciation)
Purchased Contracts
10 Yr Canadian Bond Futures		92		June 2024		$	8,173,401		$	54,170
Euro-BTP Futures		128		June 2024			16,434,423			244,279
Euro-Bund Futures		38		June 2024			5,468,086			(51	)
Euro-OAT Futures		156		June 2024			21,571,086			(72,580	)
Long Gilt Futures		176		June 2024			22,200,508			561,781
MSCI EAFE Futures		5		June 2024			589,275			3,651
MSCI Emerging Markets Futures		119		June 2024			6,241,550			19,924
S&P 500 E-Mini Futures		3		June 2024			796,275			16,944
S&P Mid 400 E-Mini Futures		5		June 2024			1,538,700			36,904
S&P/TSX 60 Index Futures		65		June 2024			12,873,796			175,331
TOPIX Index Futures		6		June 2024			1,097,899			34,534
U.S. T-Note 5 Yr (CBT) Futures		391		June 2024			41,843,109			39,133
U.S. T-Note 10 Yr (CBT) Futures		706		June 2024			78,222,594			429,033
U.S. Ultra Bond (CBT) Futures		99		June 2024			12,771,000			183,631
Sold Contracts
Euro STOXX 50 Index Futures		111		June 2024			6,041,506			(21,775	)
FTSE 100 Index Futures		111		June 2024			11,191,078			(114,790	)
Hang Seng Index Futures		9		April 2024			952,676			13,510
MSCI Singapore IX ETS Futures		22		April 2024			476,090			(1,340	)
Nikkei 225 (CME) Futures		45		June 2024			9,090,000			(145,974	)
OMXS 30 Index Futures		91		April 2024			2,146,202			(49,019	)
S&P 500 E-Mini Futures		78		June 2024			20,703,150			(139,109	)
SPI 200 Futures		54		June 2024			6,994,714			(203,036	)
									$	1,065,151

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation (Depreciation)
Bank of America, NA		AUD	1,192		USD	774		04/18/2024		$	(2,932	)
Barclays Bank PLC		GBP	1,845		USD	2,317		04/19/2024			(12,031	)
BNP Paribas SA		GBP	13,586		USD	17,224		04/19/2024			75,329
Citibank, NA		CAD	7,592		USD	5,643		06/13/2024			32,334
Deutsche Bank AG		AUD	1,327		USD	866		04/18/2024			1,217
Deutsche Bank AG		SEK	39,686		USD	3,772		04/30/2024			60,147
Deutsche Bank AG		EUR	44,786		USD	49,109		06/12/2024			655,790
HSBC Bank USA		AUD	12,951		USD	8,533		04/18/2024			89,882
Morgan Stanley Capital Services, Inc.		SEK	8,143		USD	786		04/30/2024			24,776
Morgan Stanley Capital Services, Inc.		CHF	1,640		USD	1,818		05/08/2024			(7,273)
Morgan Stanley Capital Services, Inc.		JPY	3,948,673		USD	26,736		05/16/2024			473,845
Morgan Stanley Capital Services, Inc.		CNH	54,375		USD	7,578		05/23/2024			75,793
NatWest Markets PLC		CHF	11,766		USD	13,400		05/08/2024			302,748
State Street Bank & Trust Co.		NOK	3,521		USD	333		04/30/2024			8,478
State Street Bank & Trust Co.		NZD	636		USD	388		05/23/2024			8,170
										$	1,786,273

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PUT WRITTEN OPTIONS

Description	Counterparty	Contracts	Exercise Price			Expiration Month			Notional (000)		Premiums Received		U.S. $ Value
Euro STOXX 50 Index(i)	Morgan Stanley & Co., Inc.	452		EUR	4,675.00		April 2024	EUR		21,131	$	50,471	$	(20,725	)
FTSE 100 Index(i)	Morgan Stanley & Co., Inc.	101		GBP	7,200.00		April 2024	GBP		7,272		10,024		(3,505	)
Nikkei 225 Index(j)	Morgan Stanley & Co., Inc.	69		JPY	36,375.00		April 2024	JPY		2,509,875		74,866		(11,623	)
S&P 500 Index(k)	Morgan Stanley & Co., Inc.	246		USD	4,780.00		April 2024	USD		117,588		252,881		(69,495	)
											$	388,242	$	(105,348)

(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 March 31, 2024, the aggregate market value of these securities amounted to $294,990 or 0.0% of net assets.

(d) To obtain a copy of the fund’s shareholder report, please go to the Securities and Exchange Commission’s website at www.sec.gov. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(e) Affiliated investments.

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

(g) As of March 31, 2024, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $131,000,680 and gross unrealized depreciation of investments was $(45,931,819), resulting in net unrealized appreciation of $85,068,861.

(h) On March 29, 2024, the Portfolio and U.S. stock exchanges were closed for business due to a U.S. holiday but the foreign markets remained open for trading. The Portfolio valued its foreign securities using the closing market prices from the respective foreign markets as of March 28, 2024 for financial reporting purposes.

(i) One contract relates to 10 shares.

(j) One contract relates to 1000 shares.

(k) One contract relates to 100 shares.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

CNH – Chinese Yuan Renminbi (Offshore)

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

BTP – Buoni del Tesoro Poliennali

CBT – Chicago Board of Trade

CDI – Brazil CETIP Interbank Deposit Rate

CME – Chicago Mercantile Exchange

EAFE – Europe, Australia, and Far East

ETF – Exchange Traded Fund

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

30

MSCI – Morgan Stanley Capital International

OAT – Obligations Assimilables du Trésor

OMXS – Stockholm Stock Exchange

REG – Registered Shares

REIT – Real Estate Investment Trust

SPI – Share Price Index

TOPIX – Tokyo Price Index

TSX – Toronto Stock Exchange

COUNTRY BREAKDOWN¹

March 31, 2024 (unaudited)

53.2	%	United States
5.7	%	Japan
3.0	%	United Kingdom
2.7	%	France
2.2	%	Switzerland
2.1	%	Germany
1.8	%	Australia
1.2	%	Netherlands
0.9	%	Denmark
0.8	%	Sweden
0.6	%	Spain
0.6	%	Italy
0.4	%	Hong Kong
1.6	%	Other
23.2	%	Short-Term Investments
100.0	%	Total Investments

¹  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 0.3% or less in the following: Austria, Belgium, Brazil, Chile, China, Finland, Ireland, Israel, Jordan, Luxembourg, Macau, New Zealand, Norway, Portugal, Singapore, South Africa and South Korea.

31

AB Variable Products Series Fund, Inc.

AB Global Risk Allocation-Moderate Portfolio 

March 31, 2024 (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.

32

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 March 31, 2024:

Investments in Securities:	Level 1			Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	117,056,078		$	16,971,491		$	—	$	134,027,569
Financials		51,907,698			35,454,080			—		87,361,778
Health Care		49,285,270			23,038,634			—		72,323,904
Industrials		35,063,577			30,341,803			—		65,405,380
Consumer Discretionary		40,845,734			22,960,561			—		63,806,295
Communication Services		35,730,181			7,031,349			—		42,761,530
Consumer Staples		23,756,898			15,453,621			—		39,210,519
Energy		15,577,945			7,515,567			—		23,093,512
Materials		9,435,189			13,310,296			—		22,745,485
Utilities		8,770,955			5,633,182			—		14,404,137
Real Estate		8,980,596			4,230,571			—		13,211,167
Investment Companies		1,995,952			—			—		1,995,952
Purchased Options - Puts		—			276,378			—		276,378
Short-Term Investments		175,321,071			—			—		175,321,071
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		2,096,197			—			—		2,096,197
Total Investments in Securities		575,823,341			182,217,533			—		758,040,874
Other Financial Instruments(a):
Assets:
Futures		1,812,825			—			—		1,812,825
Forward Currency Exchange Contracts		—			1,808,509			—		1,808,509
Liabilities:
Futures		(747,674	)		—			—		(747,674	)
Forward Currency Exchange Contracts		—			(22,236	)		—		(22,236	)
Put Written Options		—			(105,348	)		—		(105,348	)
Total	$	576,888,492		$	183,898,458		$	—	$	760,786,950

^(a)  Other financial instruments include reverse repurchase agreements and derivative instruments, such as futures, forwards and swaps. Derivative instruments are valued at the unrealized appreciation (depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, written options and written swaptions which are valued at market value.

33

A summary of the Portfolio’s transactions in AB mutual funds for the three months ended March 31, 2024 is as follows:

Portfolio	Market Value 12/31/2023 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 03/31/2024 (000)		Dividend Income (000)
Government Money Market Portfolio	$	139,612	$	85,506	$	49,797	$	175,321	$	2,111
Government Money Market Portfolio*		1,939		4,828		4,671		2,096		31
Total	$	141,551	$	90,334	$	54,468	$	177,417	$	2,142

* Investments of cash collateral for securities lending transactions.

34