Ab Global Bond Fund NPORT-P Ab Global Bond Fund, Inc. (Dec 2021 report)

AB Global Bond Fund

Portfolio of Investments

December 31, 2021 (unaudited)

	Principal Amount (000)			U.S. $ Value
GOVERNMENTS - TREASURIES – 46.3%
Australia – 3.7%
Australia Government Bond
Series 144 3.75%, 04/21/2037(a)		AUD	38,230	$	34,125,437
Series 145 2.75%, 06/21/2035(a)			74,428		59,709,818
Series 150 3.00%, 03/21/2047(a)			68,110		55,102,191
Series 156 2.75%, 05/21/2041(a)			73,280		57,151,899
Series 163 1.00%, 11/21/2031(a)			39,079		26,702,641
Series 164 0.50%, 09/21/2026(a)			40,635		28,438,019
					261,230,005
Austria – 0.4%
Republic of Austria Government Bond 0.50%, 02/20/2029(a)		EUR	24,925		29,647,353
Canada – 1.0%
Canadian Government Bond 2.00%, 12/01/2051		CAD	84,540		71,906,300
China – 4.1%
China Government Bond
Series 1827 3.25%, 11/22/2028		CNY	135,920		21,908,150
Series INBK 2.68%, 05/21/2030			393,240		60,727,224
3.01%, 05/13/2028			157,460		25,014,988
3.27%, 11/19/2030			371,440		60,220,242
3.39%, 03/16/2050			378,290		58,992,757
3.81%, 09/14/2050			365,210		61,189,973
					288,053,334
Germany – 3.4%
Bundesrepublik Deutschland Bundesanleihe Zero Coupon, 08/15/2050(a)		EUR	47,990		52,127,980
Series G Zero Coupon, 08/15/2031-08/15/2050(a)			162,325		186,457,384
					238,585,364
Ireland – 0.2%
Ireland Government Bond 1.35%, 03/18/2031(a)			12,884		16,333,892
Italy – 4.4%
Italy Buoni Poliennali Del Tesoro 0.25%, 03/15/2028(a)			103,585		115,012,295
0.95%, 09/15/2027(a)			154,880		180,077,284
1.50%, 04/30/2045(a)			14,316		15,297,808
					310,387,387

1

	Principal Amount (000)			U.S. $ Value
Japan – 10.3%
Japan Government Ten Year Bond
Series 359 0.10%, 06/20/2030		JPY	16,262,600	$	142,722,001
Series 363 0.10%, 06/20/2031			17,948,700		156,728,275
Japan Government Thirty Year Bond
Series 65 0.40%, 12/20/2049			5,587,150		45,244,243
Series 68 0.60%, 09/20/2050			5,688,700		48,517,979
Japan Government Twenty Year Bond
Series 150 1.40%, 09/20/2034			6,281,600		62,732,972
Series 159 0.60%, 12/20/2036			4,022,550		36,497,501
Series 169 0.30%, 06/20/2039			1,984,250		16,954,448
Series 171 0.30%, 12/20/2039			2,820,950		24,013,948
Series 177 0.40%, 06/20/2041			6,763,300		58,061,970
Japan Government Two Year Bond Series 423 0.005%, 04/01/2023			15,274,950		132,954,757
					724,428,094
Malaysia – 0.4%
Malaysia Government Bond Series 310 4.498%, 04/15/2030		MYR	101,778		25,918,552
Spain – 1.4%
Spain Government Bond 1.00%, 07/30/2042(a)		EUR	59,068		65,183,210
1.20%, 10/31/2040(a)			28,366		32,654,742
					97,837,952
Thailand – 0.3%
Thailand Government Bond 2.00%, 12/17/2031		THB	663,490		19,956,401
United Kingdom – 1.7%
United Kingdom Gilt 1.25%, 07/31/2051(a)		GBP	14,189		19,683,303
1.50%, 07/31/2053(a)			5,241		7,837,170
1.75%, 09/07/2037(a)			61,155		89,744,917
					117,265,390
United States – 15.0%
U.S. Treasury Bonds 1.125%, 05/15/2040-08/15/2040		U.S.$	186,910		164,095,800
1.875%, 02/15/2051			105,457		104,814,366
2.00%, 08/15/2051			50,430		51,651,354

2

	Principal Amount (000)			U.S. $ Value
U.S. Treasury Notes 0.125%, 08/15/2023(b)		U.S.$	105,710	$	104,834,594
0.25%, 05/31/2025(b)			189,085		183,973,806
0.50%, 02/28/2026			29,655		28,820,953
0.625%, 07/31/2026(b)			36,525		35,537,686
1.25%, 08/15/2031			38,591		37,783,001
1.75%, 05/15/2023			118,905		120,855,779
2.125%, 05/31/2026(b)			152,910		158,906,947
2.625%, 12/31/2023			57,340		59,472,331
					1,050,746,617
Total Governments - Treasuries (cost $3,326,517,465)					3,252,296,641
CORPORATES - INVESTMENT GRADE – 20.8%
Financial Institutions – 10.6%
Banking – 6.6%
ABN AMRO Bank NV 4.75%, 07/28/2025(a)			220		240,202
AIB Group PLC 4.263%, 04/10/2025(a)			273		287,636
Australia & New Zealand Banking Group Ltd. 4.50%, 03/19/2024(a)			554		590,559
Banco Bilbao Vizcaya Argentaria SA 0.875%, 09/18/2023			400		398,400
1.125%, 09/18/2025			200		195,886
Banco de Credito del Peru 3.25%, 09/30/2031(a)			510		503,402
Banco Internacional del Peru SAA Interbank 3.25%, 10/04/2026(a)			440		448,470
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand 5.375%, 04/17/2025(a)			450		490,162
Banco Santander SA 1.125%, 06/23/2027(a)		EUR	14,000		16,383,594
5.179%, 11/19/2025		U.S.$	600		666,984
Bangkok Bank PCL/Hong Kong 9.025%, 03/15/2029(a)			440		597,795
Bank Hapoalim BM 3.255%, 01/21/2032(a)			257		254,864
Bank Mandiri Persero Tbk PT 4.75%, 05/13/2025(a)			320		348,800
Bank of America Corp. 0.583%, 08/24/2028(a)		EUR	14,570		16,555,876
0.976%, 04/22/2025		U.S.$	35		34,718
1.53%, 12/06/2025			139		139,355
1.734%, 07/22/2027			46		45,653
1.776%, 05/04/2027(a)		EUR	6,912		8,320,492
1.898%, 07/23/2031		U.S.$	270		258,895
1.922%, 10/24/2031			673		644,987

3

	Principal Amount (000)			U.S. $ Value
3.824%, 01/20/2028		U.S.$	450	$	487,643
4.00%, 01/22/2025			448		479,077
7.75%, 05/14/2038			201		315,201
Series B 8.05%, 06/15/2027			930		1,155,784
Series N 1.658%, 03/11/2027			748		742,756
2.651%, 03/11/2032			713		722,129
Bank of America NA 6.00%, 10/15/2036			250		341,645
Bank of New Zealand 3.50%, 02/20/2024(a)			505		529,973
Bbva Bancomer Sa/texas 1.875%, 09/18/2025(a)			600		595,612
BNP Paribas SA 1.675%, 06/30/2027(a)			541		531,991
2.219%, 06/09/2026(a)			475		479,949
4.375%, 05/12/2026(a)			348		378,655
4.625%, 03/13/2027(a)			344		380,499
6.75%, 03/14/2022(a) (c)			12,880		13,005,850
BPCE SA 4.50%, 03/15/2025(a)			8,251		8,895,065
5.15%, 07/21/2024(a)			260		281,566
5.70%, 10/22/2023(a)			435		467,683
CaixaBank SA 0.375%, 11/18/2026(a)		EUR	14,600		16,534,766
Capital One Financial Corp. 3.75%, 07/28/2026		U.S.$	236		252,852
CBQ Finance Ltd. 2.00%, 05/12/2026(a)			450		446,766
Citigroup, Inc. 0.981%, 05/01/2025			662		657,247
1.50%, 07/24/2026(a)		EUR	21,745		25,820,161
1.678%, 05/15/2024		U.S.$	681		688,426
3.52%, 10/27/2028			175		187,650
5.95%, 01/30/2023(c)			1,384		1,426,562
Series P 5.95%, 05/15/2025(c)			2,793		2,983,679
Series W 4.00%, 12/10/2025(c)			232		233,529
Series Y 4.15%, 11/15/2026(c)			7,121		7,235,829
CMB Wing Lung Bank Ltd. 3.75%, 11/22/2027(a)			290		293,589
Cooperatieve Rabobank UA 3.25%, 12/29/2026(a) (c)		EUR	5,600		6,535,644
4.375%, 08/04/2025		U.S.$	570		618,710
4.375%, 06/29/2027(a) (c)		EUR	6,000		7,514,486
Credit Suisse Group AG 4.194%, 04/01/2031(a)		U.S.$	15,957		17,623,936
Danske Bank A/S 0.75%, 06/09/2029(a)		EUR	14,505		16,359,897
3.244%, 12/20/2025(a)		U.S.$	8,893		9,256,630
5.375%, 01/12/2024(a)			272		292,944

4

	Principal Amount (000)			U.S. $ Value
DBS Group Holdings Ltd. Series G 3.30%, 02/27/2025(a) (c)		U.S.$	240	$	244,080
Deutsche Bank AG/New York NY 2.222%, 09/18/2024			655		663,694
DNB Bank ASA 6.50%, 03/26/2022(a) (c)			15,753		15,942,648
Doha Finance Ltd. 2.375%, 03/31/2026(a)			590		593,503
Fifth Third Bancorp Series L 4.50%, 09/30/2025(c)			3,549		3,744,633
First Abu Dhabi Bank PJSC 4.50%, 04/05/2026(a) (c)			480		500,850
Goldman Sachs Group, Inc. (The) 0.657%, 09/10/2024			670		664,785
0.673%, 03/08/2024			226		225,089
0.855%, 02/12/2026			671		657,932
1.25%, 05/01/2025(a)		EUR	8,945		10,448,562
2.383%, 07/21/2032		U.S.$	10,491		10,330,613
3.375%, 03/27/2025(a)		EUR	5,770		7,239,034
3.75%, 05/22/2025		U.S.$	140		149,441
3.85%, 07/08/2024			590		624,026
6.125%, 02/15/2033			198		260,492
6.75%, 10/01/2037			305		432,466
Series V 4.125%, 11/10/2026(c)			5,293		5,367,510
HSBC Holdings PLC 4.25%, 03/14/2024			306		323,417
6.375%, 03/30/2025(c)			15,211		16,446,894
ING Groep NV 6.50%, 04/16/2025(c)			226		246,190
6.75%, 04/16/2024(a) (c)			325		350,636
6.875%, 04/16/2022(a) (c) (d)			12,934		13,146,664
Intesa Sanpaolo SpA 3.375%, 01/12/2023(a)			820		838,789
Series XR 3.25%, 09/23/2024(a)			375		390,240
4.00%, 09/23/2029(a)			200		214,599
JPMorgan Chase & Co. 0.768%, 08/09/2025			563		554,664
0.969%, 06/23/2025			58		57,467
1.09%, 03/11/2027(a)		EUR	22,130		25,931,524
1.514%, 06/01/2024		U.S.$	505		508,604
1.578%, 04/22/2027			294		290,571
2.522%, 04/22/2031			206		208,388
2.58%, 04/22/2032			56		56,698
3.22%, 03/01/2025			270		280,877
3.375%, 05/01/2023			300		309,604
3.509%, 01/23/2029			115		123,330
3.96%, 01/29/2027			383		414,628
4.005%, 04/23/2029			199		219,855
4.452%, 12/05/2029			738		837,528

5

	Principal Amount (000)			U.S. $ Value
4.493%, 03/24/2031		U.S.$	222	$	257,003
6.40%, 05/15/2038			128		186,378
Series I 3.599% (LIBOR 3 Month + 3.47%), 04/30/2022(c) (e)			3,046		3,054,021
Series V 3.534% (LIBOR 3 Month + 3.32%), 04/01/2022(c) (e)			1,487		1,487,722
Series Z 3.932% (LIBOR 3 Month + 3.80%), 02/01/2022(c) (e)			2,490		2,493,419
Kookmin Bank 2.50%, 11/04/2030(a)			810		794,691
Lloyds Banking Group PLC 4.45%, 05/08/2025			281		305,558
4.582%, 12/10/2025			285		311,069
7.50%, 06/27/2024(c)			15,460		16,973,483
Mitsubishi UFJ Financial Group, Inc. 0.978%, 06/09/2024(a)		EUR	8,548		9,971,035
Mizuho Financial Group Cayman 3 Ltd. 4.60%, 03/27/2024(a)		U.S.$	687		729,986
Mizuho Financial Group, Inc. 1.241%, 07/10/2024			330		330,831
Morgan Stanley 0.406%, 10/29/2027		EUR	14,525		16,431,565
0.529%, 01/25/2024		U.S.$	476		474,383
0.791%, 01/22/2025			698		691,338
1.164%, 10/21/2025			139		137,785
2.188%, 04/28/2026			178		181,479
2.511%, 10/20/2032			139		138,865
3.125%, 07/27/2026			115		121,915
3.737%, 04/24/2024			270		279,444
7.25%, 04/01/2032			314		450,370
Series G 4.431%, 01/23/2030			275		313,150
Series GMTN 4.35%, 09/08/2026			700		775,336
Series H 3.734% (LIBOR 3 Month + 3.61%), 01/18/2022(c) (e)			705		705,261
Nanyang Commercial Bank Ltd. 3.80%, 11/20/2029(a)			570		583,288
National Bank of Canada 2.10%, 02/01/2023			424		429,648
Nationwide Building Society 4.00%, 09/14/2026(a)			250		269,075
Natwest Group PLC 0.78%, 02/26/2030(a)		EUR	17,390		19,529,757
Series U 2.544% (LIBOR 3 Month + 2.32%), 09/30/2027(c) (e)		U.S.$	20,500		20,350,609
NBK Tier 1 Financing 2 Ltd. 4.50%, 08/27/2025(a) (c)			290		294,767
Nordea Bank Abp 6.125%, 09/23/2024(a) (c)			2,748		2,959,897

6

	Principal Amount (000)			U.S. $ Value
Oversea-Chinese Banking Corp. Ltd. 1.832%, 09/10/2030(a)		U.S.$	530	$	523,062
Philippine National Bank 3.28%, 09/27/2024(a)			480		487,140
PNC Financial Services Group, Inc. (The) Series O 3.81% (LIBOR 3 Month + 3.68%), 02/01/2022(c) (e)			1,214		1,212,913
QIB Sukuk Ltd. 1.95%, 10/27/2025(a)			300		300,281
QNB Finance Ltd. 1.375%, 01/26/2026(a)			510		499,003
Regions Financial Corp. 2.25%, 05/18/2025			274		279,945
Santander Holdings USA, Inc. 4.40%, 07/13/2027			275		302,203
Shinhan Bank Co., Ltd. 4.00%, 04/23/2029(a)			760		838,612
Shinhan Financial Group Co., Ltd. 3.34%, 02/05/2030(a)			540		555,457
5.875%, 08/13/2023(a) (c)			230		241,687
Siam Commercial Bank PCL/Cayman Islands Series G 4.40%, 02/11/2029(a)			350		397,425
Skandinaviska Enskilda Banken AB 5.625%, 05/13/2022(a) (c)			800		812,581
Societe Generale SA 4.25%, 04/14/2025-08/19/2026(a)			968		1,031,160
4.75%, 11/24/2025(a)			345		375,350
5.00%, 01/17/2024(a)			200		212,756
Standard Chartered PLC 1.639% (LIBOR 3 Month + 1.51%), 01/30/2027(a) (c) (e)			12,300		11,844,407
2.819%, 01/30/2026(a)			480		492,846
4.30%, 02/19/2027(a)			433		463,318
Sumitomo Mitsui Financial Group, Inc. 4.436%, 04/02/2024(a)			790		838,455
UBS AG 5.125%, 05/15/2024(a)			456		488,046
UBS Group AG 4.125%, 09/24/2025(a)			210		227,369
5.75%, 02/19/2022(a) (c)		EUR	2,965		3,401,029
UniCredit SpA 2.569%, 09/22/2026(a)		U.S.$	16,190		16,208,350
3.127%, 06/03/2032(a)			9,962		9,842,051
United Overseas Bank Ltd. Series G 1.75%, 03/16/2031(a)			250		246,125
Woori Bank 5.125%, 08/06/2028(a)			210		244,689
					466,381,024

7

	Principal Amount (000)		U.S. $ Value
Brokerage – 0.3%
BlackRock, Inc. 2.40%, 04/30/2030	U.S.$	347	$	356,437
3.25%, 04/30/2029		432		470,324
Blackstone Private Credit Fund 3.25%, 03/15/2027(a)		139		139,171
Charles Schwab Corp. (The) 0.90%, 03/11/2026		674		658,640
Series I 4.00%, 06/01/2026(c)		17,210		17,604,612
CI Financial Corp. 3.20%, 12/17/2030		157		161,369
Intercorp Peru Ltd. 3.875%, 08/15/2029(a)		770		748,248
Jefferies Group LLC/Jefferies Group Capital Finance, Inc. 2.625%, 10/15/2031		139		137,252
Raymond James Financial, Inc. 4.95%, 07/15/2046		350		448,799
				20,724,852
Finance – 1.1%
AerCap Ireland Capital DAC/AerCap Global Aviation Trust 3.15%, 02/15/2024		300		309,310
3.30%, 01/30/2032		7,604		7,738,998
3.65%, 07/21/2027		822		867,249
4.625%, 10/15/2027		300		331,460
6.50%, 07/15/2025		198		226,475
Air Lease Corp. 2.10%, 09/01/2028		2,747		2,656,523
2.875%, 01/15/2026		1,977		2,038,985
3.25%, 03/01/2025		568		590,410
3.625%, 04/01/2027		827		870,427
4.625%, 10/01/2028		1,502		1,658,613
Aircastle Ltd. 2.85%, 01/26/2028(a)		9,362		9,430,878
4.25%, 06/15/2026		4,586		4,917,031
5.25%, 08/11/2025(a)		6,102		6,708,632
Ares Capital Corp. 2.875%, 06/15/2028		326		325,172
3.50%, 02/10/2023		455		465,578
4.20%, 06/10/2024		692		731,272
Aviation Capital Group LLC 1.95%, 01/30/2026-09/20/2026(a)		3,675		3,582,593
3.50%, 11/01/2027(a)		1,342		1,383,097
3.875%, 05/01/2023(a)		605		623,179
4.125%, 08/01/2025(a)		23		24,312
4.375%, 01/30/2024(a)		1,889		1,982,166
4.875%, 10/01/2025(a)		926		1,002,589
5.50%, 12/15/2024(a)		5,268		5,765,890
Avolon Holdings Funding Ltd. 2.528%, 11/18/2027(a)		470		457,774

8

	Principal Amount (000)			U.S. $ Value
Bain Capital Specialty Finance, Inc. 2.55%, 10/13/2026		U.S.$	139	$	135,027
BOC Aviation Ltd. 3.875%, 04/27/2026(a)			620		659,447
CCBL Cayman 1 Corp. Ltd. 1.80%, 07/22/2026(a)			400		393,700
CDBL Funding 1 3.50%, 10/24/2027(a)			430		447,329
China Development Bank Financial Leasing Co., Ltd. 2.875%, 09/28/2030(a)			350		354,331
FS KKR Capital Corp. 1.65%, 10/12/2024			139		136,508
3.40%, 01/15/2026			729		743,070
Huarong Finance 2017 Co., Ltd. 4.25%, 11/07/2027(a)			530		535,300
Huarong Finance 2019 Co., Ltd. 3.25%, 11/13/2024(a)			260		258,619
3.375%, 02/24/2030(a)			570		544,350
ICBCIL Finance Co., Ltd. 3.625%, 05/19/2026(a)			230		242,909
Intercorp Financial Services, Inc. 4.125%, 10/19/2027(a)			840		838,057
KKR Group Finance Co. X LLC 3.25%, 12/15/2051(a)			139		138,611
Owl Rock Capital Corp. 3.40%, 07/15/2026			171		174,189
Owl Rock Technology Finance Corp. 2.50%, 01/15/2027			288		282,356
Park Aerospace Holdings Ltd. 4.50%, 03/15/2023(a)			200		206,473
5.50%, 02/15/2024(a)			165		177,114
Power Finance Corp. Ltd. Series G 3.35%, 05/16/2031(a)			360		355,604
Prospect Capital Corp. 3.364%, 11/15/2026			666		662,963
Synchrony Financial 2.875%, 10/28/2031			9,262		9,238,310
3.70%, 08/04/2026			210		223,283
3.95%, 12/01/2027			1,313		1,411,727
4.25%, 08/15/2024			74		78,427
4.375%, 03/19/2024			45		47,543
4.50%, 07/23/2025			555		600,006
					73,573,866
Insurance – 1.2%
ACE Capital Trust II 9.70%, 04/01/2030			150		220,401
Aegon NV 5.50%, 04/11/2048			653		748,589
Allstate Corp. (The) Series B 5.75%, 08/15/2053			783		814,390

9

	Principal Amount (000)			U.S. $ Value
American International Group, Inc. Series A-9 5.75%, 04/01/2048		U.S.$	602	$	677,287
Aon Corp. 8.205%, 01/01/2027			155		195,064
Argentum Netherlands BV for Swiss Re Ltd. 5.625%, 08/15/2052(a)			331		372,519
Assicurazioni Generali SpA 5.00%, 06/08/2048(a)		EUR	4,780		6,518,973
Series E 5.50%, 10/27/2047(a)			7,099		9,821,214
Athene Global Funding 2.646%, 10/04/2031(a)		U.S.$	139		137,527
Athene Holding Ltd. 3.45%, 05/15/2052			139		139,866
3.50%, 01/15/2031			507		535,101
4.125%, 01/12/2028			605		662,333
AXA SA 5.125%, 01/17/2047(a)			704		782,478
8.60%, 12/15/2030			123		178,364
Brighthouse Financial Global Funding 1.20%, 12/15/2023(a)			139		139,107
Brighthouse Financial, Inc. 4.70%, 06/22/2047			635		697,274
Centene Corp. 2.45%, 07/15/2028			4,558		4,508,727
4.625%, 12/15/2029			1,484		1,601,529
Cloverie PLC for Zurich Insurance Co., Ltd. 5.625%, 06/24/2046(a)			334		372,726
CNP Assurances 2.50%, 06/30/2051(a)		EUR	2,800		3,371,367
Credit Agricole Assurances SA 4.75%, 09/27/2048(a)			8,900		12,186,570
Enstar Group Ltd. 4.95%, 06/01/2029		U.S.$	247		275,984
Guardian Life Insurance Co. of America (The) 4.85%, 01/24/2077(a)			149		193,448
Liberty Mutual Group, Inc. 3.625%, 05/23/2059(a)		EUR	8,415		9,879,929
MetLife Capital Trust IV 7.875%, 12/15/2037(a)		U.S.$	166		226,622
MetLife, Inc. 6.40%, 12/15/2036			565		695,753
9.25%, 04/08/2038(a)			232		346,698
Nationwide Mutual Insurance Co. 9.375%, 08/15/2039(a)			4,415		7,628,419
Principal Life Global Funding II 1.50%, 11/17/2026(a)			140		137,737
Prudential Financial, Inc. 4.50%, 09/15/2047			161		168,282
5.375%, 05/15/2045			425		456,073
5.625%, 06/15/2043			653		679,739

10

	Principal Amount (000)			U.S. $ Value
5.70%, 09/15/2048		U.S.$	298	$	335,279
5.875%, 09/15/2042			3,763		3,848,659
UnitedHealth Group, Inc. 4.625%, 07/15/2035			365		454,011
Voya Financial, Inc. 5.65%, 05/15/2053			12,680		13,184,943
					83,192,982
Other Finance – 0.0%
China Cinda 2020 I Management Ltd. 3.00%, 01/20/2031(a)			510		503,721
Intercontinental Exchange, Inc. 3.00%, 09/15/2060			335		331,207
4.00%, 10/15/2023			490		516,651
4.25%, 09/21/2048			390		486,963
					1,838,542
REITs – 1.4%
Aldar Sukuk No 2 Ltd. 3.875%, 10/22/2029(a)			220		234,754
American Campus Communities Operating Partnership LP 2.25%, 01/15/2029			139		137,507
American Tower Corp. 3.80%, 08/15/2029			177		192,714
CBRE Services, Inc. 2.50%, 04/01/2031			647		650,510
Digital Euro Finco LLC 2.50%, 01/16/2026(a)		EUR	21,310		26,207,827
Essential Properties LP 2.95%, 07/15/2031		U.S.$	11,916		11,756,808
GLP Capital LP/GLP Financing II, Inc. 3.25%, 01/15/2032			5,697		5,726,095
Host Hotels & Resorts LP 3.875%, 04/01/2024			218		228,100
Series I 3.50%, 09/15/2030			6,531		6,706,768
Series J 2.90%, 12/15/2031			10,293		9,955,089
Kilroy Realty LP 3.45%, 12/15/2024			50		52,471
MAF Sukuk Ltd. 3.933%, 02/28/2030(a)			340		363,651
Safehold Operating Partnership LP 2.85%, 01/15/2032			140		137,030
SITE Centers Corp. 4.70%, 06/01/2027			280		310,221
Spirit Realty LP 4.00%, 07/15/2029			76		83,485
4.45%, 09/15/2026			2,017		2,221,728
STORE Capital Corp. 2.70%, 12/01/2031			140		137,066
4.625%, 03/15/2029			103		115,480
Trust Fibra Uno 4.869%, 01/15/2030(a)			880		934,615
6.39%, 01/15/2050(a)			430		500,493

11

	Principal Amount (000)			U.S. $ Value
Vornado Realty LP 3.40%, 06/01/2031		U.S.$	12,962	$	13,357,258
3.50%, 01/15/2025			560		587,341
WEA Finance LLC/Westfield UK & Europe Finance PLC 3.75%, 09/17/2024(a)			335		351,269
Welltower, Inc. 2.05%, 01/15/2029			678		668,738
3.625%, 03/15/2024			309		324,979
Weyerhaeuser Co. 7.375%, 03/15/2032			496		697,676
WP Carey, Inc. 2.45%, 02/01/2032			139		136,737
WPC Eurobond BV 0.95%, 06/01/2030		EUR	582		641,644
1.35%, 04/15/2028			10,275		11,863,405
					95,281,459
					740,992,725
Industrial – 8.9%
Basic – 0.5%
Alpek SAB de CV 3.25%, 02/25/2031(a)		U.S.$	500		500,875
Berry Global, Inc. 4.875%, 07/15/2026(a)			375		388,270
Celulosa Arauco y Constitucion SA 4.20%, 01/29/2030(a)			470		500,051
5.50%, 04/30/2049(a)			260		301,242
CF Industries, Inc. 5.15%, 03/15/2034			310		375,498
Dow Chemical Co. (The) 9.40%, 05/15/2039			279		501,458
DuPont de Nemours, Inc. 4.493%, 11/15/2025			375		414,361
5.419%, 11/15/2048			216		301,989
Ecolab, Inc. 1.65%, 02/01/2027			140		140,711
Equate Petrochemical BV 2.625%, 04/28/2028(a)			1,000		1,002,500
Fresnillo PLC 4.25%, 10/02/2050(a)			240		251,295
GC Treasury Center Co., Ltd. 2.98%, 03/18/2031(a)			310		313,061
Georgia-Pacific LLC 3.734%, 07/15/2023(a)			388		401,745
Glencore Funding LLC 1.625%, 04/27/2026(a)			634		622,361
4.125%, 03/12/2024(a)			279		293,451
4.625%, 04/29/2024(a)			205		218,859
Gold Fields Orogen Holdings BVI Ltd. 5.125%, 05/15/2024(a)			3,401		3,622,703
GTL Trade Finance, Inc. 7.25%, 04/16/2044(a)			200		266,663

12

	Principal Amount (000)			U.S. $ Value
GUSAP III LP 4.25%, 01/21/2030(a)		U.S.$	990	$	1,048,967
Industrias Penoles SAB de CV 4.75%, 08/06/2050(a)			230		251,318
Inversiones CMPC SA 3.00%, 04/06/2031(a)			940		921,376
LG Chem Ltd. 2.375%, 07/07/2031(a)			510		501,993
LYB International Finance BV 4.00%, 07/15/2023			95		99,276
Minsur SA 4.50%, 10/28/2031(a)			374		378,862
Newmont Corp. 2.60%, 07/15/2032			140		140,370
Nexa Resources SA 6.50%, 01/18/2028(a)			7,304		8,024,357
Orbia Advance Corp. SAB de CV 2.875%, 05/11/2031(a)			400		392,200
SABIC Capital I BV 2.15%, 09/14/2030(a)			1,020		978,881
Suzano Austria GmbH 3.75%, 01/15/2031			7,635		7,748,571
Series DM3N 3.125%, 01/15/2032			1,250		1,209,375
Teck Resources Ltd. 6.25%, 07/15/2041			558		743,022
UPL Corp. Ltd. 4.625%, 06/16/2030(a)			380		399,902
Vale Overseas Ltd. 3.75%, 07/08/2030			400		413,325
					33,668,888
Capital Goods – 0.0%
Carlisle Cos., Inc. 0.55%, 09/01/2023			323		320,514
CRH America, Inc. 3.875%, 05/18/2025(a)			452		483,706
Emerson Electric Co. 2.00%, 12/21/2028			140		139,930
2.20%, 12/21/2031			140		139,420
2.80%, 12/21/2051			140		137,257
General Electric Co. 1.875%, 05/28/2027		EUR	371		455,500
IDEX Corp. 2.625%, 06/15/2031		U.S.$	667		673,292
Trane Technologies Luxembourg Finance SA 3.80%, 03/21/2029			643		702,387
UltraTech Cement Ltd. 2.80%, 02/16/2031(a)			410		396,111
					3,448,117

13

	Principal Amount (000)			U.S. $ Value
Communications - Media – 0.8%
Charter Communications Operating LLC/Charter Communications Operating Capital 3.95%, 06/30/2062		U.S.$	699	$	675,380
4.80%, 03/01/2050			1,257		1,409,066
5.125%, 07/01/2049			3,540		4,099,720
5.375%, 05/01/2047			2,760		3,296,375
5.75%, 04/01/2048			245		305,921
Comcast Corp. 4.25%, 01/15/2033			350		410,187
Discovery Communications LLC 4.65%, 05/15/2050			2,606		3,066,527
5.20%, 09/20/2047			9,014		11,146,113
5.30%, 05/15/2049			3,856		4,875,429
Netflix, Inc. 3.625%, 05/15/2027		EUR	6,300		8,236,063
4.625%, 05/15/2029			5,971		8,488,219
Prosus NV 3.68%, 01/21/2030(a)		U.S.$	970		998,069
Tencent Holdings Ltd. 2.39%, 06/03/2030(a)			1,020		998,835
Thomson Reuters Corp. 3.35%, 05/15/2026			450		478,701
ViacomCBS, Inc. 4.20%, 05/19/2032			120		135,508
Weibo Corp. 3.375%, 07/08/2030			6,599		6,509,501
3.50%, 07/05/2024			290		297,939
					55,427,553
Communications - Telecommunications – 0.6%
America Movil SAB de CV 2.875%, 05/07/2030			340		351,539
AT&T, Inc. 4.30%, 12/15/2042			3,356		3,784,825
Series B 2.875%, 03/02/2025(c)		EUR	8,200		9,355,456
British Telecommunications PLC 9.625%, 12/15/2030		U.S.$	6,691		9,846,956
Deutsche Telekom International Finance BV 8.75%, 06/15/2030			325		472,848
Empresa Nacional de Telecomunicaciones SA 3.05%, 09/14/2032(a)			460		450,742
HKT Capital No. 4 Ltd. 3.00%, 07/14/2026(a)			760		786,505
Ooredoo International Finance Ltd. 2.625%, 04/08/2031(a)			740		741,619
PLDT, Inc. 2.50%, 01/23/2031(a)			870		858,744
T-Mobile USA, Inc. 2.625%, 04/15/2026			6,523		6,569,794
2.875%, 02/15/2031			1,858		1,834,369
3.375%, 04/15/2029			6,874		7,012,947
Verizon Communications, Inc. 1.75%, 01/20/2031			665		629,409
					42,695,753

14

	Principal Amount (000)			U.S. $ Value
Consumer Cyclical - Automotive – 0.4%
Daimler Finance North America LLC 3.65%, 02/22/2024(a)		U.S.$	223	$	234,569
Daimler Trucks Finance North America LLC 2.50%, 12/14/2031(a)			150		149,960
General Motors Co. 5.00%, 04/01/2035			316		375,294
General Motors Financial Co., Inc. 5.25%, 03/01/2026			290		325,257
Harley-Davidson Financial Services, Inc. 3.35%, 06/08/2025(a)			11,873		12,441,055
Harley-Davidson, Inc. 3.50%, 07/28/2025			4,547		4,794,853
Hyundai Capital America 2.375%, 10/15/2027(a)			590		588,309
Hyundai Motor Manufacturing Indonesia PT 1.75%, 05/06/2026(a)			250		245,984
Kia Motors Corp. 3.50%, 10/25/2027(a)			230		246,359
Volkswagen International Finance NV 0.875%, 09/22/2028(a)		EUR	8,200		9,598,360
					29,000,000
Consumer Cyclical - Other – 0.6%
Dr. Horton, Inc. 1.40%, 10/15/2027		U.S.$	669		647,465
James Hardie International Finance DAC 3.625%, 10/01/2026(a)		EUR	4,800		5,555,080
Las Vegas Sands Corp. 3.20%, 08/08/2024		U.S.$	726		737,768
3.50%, 08/18/2026			7,305		7,394,513
3.90%, 08/08/2029			10,010		10,067,446
Marriott International, Inc./MD
Series AA 4.65%, 12/01/2028			218		244,610
Series X 4.00%, 04/15/2028			228		247,244
MDC Holdings, Inc. 6.00%, 01/15/2043			11,317		14,278,434
NVR, Inc. 3.00%, 05/15/2030			661		686,710
Owens Corning 7.00%, 12/01/2036			50		70,833
Sands China Ltd. 2.85%, 03/08/2029(a)			780		731,406
3.25%, 08/08/2031(a)			1,060		988,863
					41,650,372
Consumer Cyclical - Retailers – 0.1%
CK Hutchison International 21 Ltd. 2.50%, 04/15/2031(a)			790		798,536
Falabella SA 3.75%, 10/30/2027(a)			520		541,060

15

	Principal Amount (000)			U.S. $ Value
Home Depot, Inc. (The) 2.75%, 09/15/2051		U.S.$	519	$	515,219
3.50%, 09/15/2056			194		218,988
4.20%, 04/01/2043			196		236,142
4.50%, 12/06/2048			370		479,677
5.875%, 12/16/2036			211		298,746
5.95%, 04/01/2041			286		409,930
Lowe’s Cos., Inc. 1.30%, 04/15/2028			603		578,388
					4,076,686
Consumer Non-Cyclical – 1.3%
AbbVie, Inc. 2.125%, 11/17/2028		EUR	11,751		14,716,911
4.45%, 05/14/2046		U.S.$	115		138,956
Altria Group, Inc. 3.125%, 06/15/2031		EUR	14,933		18,886,665
4.00%, 02/04/2061		U.S.$	674		646,421
4.80%, 02/14/2029			281		317,352
AmerisourceBergen Corp. 0.737%, 03/15/2023			665		663,359
4.30%, 12/15/2047			146		171,352
Amgen, Inc. 4.40%, 05/01/2045			225		268,521
4.663%, 06/15/2051			213		271,157
BAT Capital Corp. 3.215%, 09/06/2026			251		261,281
4.54%, 08/15/2047			70		73,183
Biogen, Inc. 3.25%, 02/15/2051(a)			85		84,240
British American Tobacco PLC Series 5.25 3.00%, 09/27/2026(a) (c)		EUR	14,726		16,443,046
Bunge Ltd. Finance Corp. 3.25%, 08/15/2026		U.S.$	248		261,896
Cargill, Inc. 1.375%, 07/23/2023(a)			530		534,306
2.125%, 11/10/2031(a)			140		137,836
Cencosud SA 4.375%, 07/17/2027(a)			230		244,346
6.625%, 02/12/2045(a)			200		256,600
Cigna Corp. 4.80%, 07/15/2046			193		243,619
4.90%, 12/15/2048			133		171,736
CommonSpirit Health 2.76%, 10/01/2024			622		642,372
HCA, Inc. 4.75%, 05/01/2023			349		365,703
5.50%, 06/15/2047			366		480,338
Imperial Brands Finance Netherlands BV 1.75%, 03/18/2033(a)		EUR	14,609		16,226,746
Imperial Brands Finance PLC 3.50%, 02/11/2023(a)		U.S.$	200		203,959
Indofood CBP Sukses Makmur Tbk PT 3.398%, 06/09/2031(a)			490		493,675

16

	Principal Amount (000)			U.S. $ Value
Ingredion, Inc. 2.90%, 06/01/2030		U.S.$	361	$	372,196
Kimberly-Clark de Mexico SAB de CV 2.431%, 07/01/2031(a)			400		396,875
Laboratory Corp. of America Holdings 2.70%, 06/01/2031			673		685,928
3.60%, 02/01/2025			214		226,013
4.70%, 02/01/2045			254		310,165
Leggett & Platt, Inc. 4.40%, 03/15/2029			279		312,177
McKesson Corp. 1.30%, 08/15/2026			685		670,206
Merck & Co., Inc. 1.70%, 06/10/2027			140		140,933
1.90%, 12/10/2028			140		140,610
2.15%, 12/10/2031			140		140,421
4.00%, 03/07/2049			170		206,888
Molson Coors Beverage Co. 5.00%, 05/01/2042			217		261,650
Molson Coors Brewing Co. 4.20%, 07/15/2046			436		484,028
Mondelez International Holdings Netherlands BV 0.25%, 09/09/2029(a)		EUR	10,637		11,829,274
0.75%, 09/24/2024(a)		U.S.$	211		207,577
Nestle Holdings, Inc. 3.35%, 09/24/2023(a)			365		380,100
Philip Morris International, Inc. 4.25%, 11/10/2044			320		365,294
Reynolds American, Inc. 5.70%, 08/15/2035			320		380,089
5.85%, 08/15/2045			352		427,826
Sigma Finance Netherlands BV 4.875%, 03/27/2028(a)			350		388,675
Thermo Fisher Scientific, Inc. 1.215%, 10/18/2024			139		138,894
1.75%, 10/15/2028			685		680,664
					92,352,059
Energy – 2.7%
BP Capital Markets PLC 3.625%, 03/22/2029(a) (c)		EUR	13,310		16,292,175
Canadian Natural Resources Ltd. 6.25%, 03/15/2038		U.S.$	283		372,532
ConocoPhillips 6.50%, 02/01/2039			135		196,509
Contemporary Ruiding Development Ltd. 2.625%, 09/17/2030(a)			800		803,072
Continental Resources, Inc./OK 2.875%, 04/01/2032(a)			9,371		9,170,550
5.75%, 01/15/2031(a)			6,979		8,226,277
COSL Singapore Capital Ltd. 1.875%, 06/24/2025(a)			200		197,418
Devon Energy Corp. 4.75%, 05/15/2042			381		440,857
5.00%, 06/15/2045			220		267,416
5.60%, 07/15/2041			14,916		18,777,641

17

	Principal Amount (000)			U.S. $ Value
Empresa Electrica Cochrane SpA 5.50%, 05/14/2027(a)		U.S.$	2,814	$	2,809,416
Enable Midstream Partners LP 4.95%, 05/15/2028			593		659,480
Enbridge Energy Partners LP 7.375%, 10/15/2045			11,526		17,971,578
Energy Transfer LP 5.50%, 06/01/2027			271		309,741
6.00%, 06/15/2048			198		247,624
6.05%, 06/01/2041			85		104,312
6.125%, 12/15/2045			205		255,915
6.25%, 04/15/2049			19,340		25,291,500
6.50%, 02/01/2042			384		493,085
Eni SpA Series NC9 3.375%, 07/13/2029(a) (c)		EUR	13,690		16,345,446
Enterprise Products Operating LLC Series E 5.25%, 08/16/2077		U.S.$	718		734,388
Gazprom PJSC Via Gaz Capital SA 4.95%, 02/06/2028(a)			550		595,430
7.288%, 08/16/2037(a)			170		226,047
Halliburton Co. 6.70%, 09/15/2038			303		416,855
Halliburton Co. 7.45%, 09/15/2039			514		757,640
Hess Corp. 4.30%, 04/01/2027			364		397,063
5.60%, 02/15/2041			395		487,787
6.00%, 01/15/2040			369		469,166
HollyFrontier Corp. 5.875%, 04/01/2026			500		560,671
Kinder Morgan Energy Partners LP 6.95%, 01/15/2038			392		542,920
Kinder Morgan, Inc. 1.75%, 11/15/2026			138		137,658
Series G
7.75%, 01/15/2032			207		291,217
Marathon Oil Corp. 6.60%, 10/01/2037			585		774,141
6.80%, 03/15/2032			277		357,506
Marathon Petroleum Corp. 6.50%, 03/01/2041			3,097		4,271,524
Midwest Connector Capital Co. LLC 3.90%, 04/01/2024(a)			364		377,675
4.625%, 04/01/2029(a)			195		210,214
MPLX LP 5.50%, 02/15/2049			287		367,029
NOV, Inc. 3.60%, 12/01/2029			375		392,786
Oil India International Pte Ltd. 4.00%, 04/21/2027(a)			470		492,119
ONEOK Partners LP 6.125%, 02/01/2041			536		678,899
ONEOK, Inc. 5.20%, 07/15/2048			693		839,899
6.35%, 01/15/2031			9,379		11,823,242

18

	Principal Amount (000)			U.S. $ Value
Plains All American Pipeline LP/PAA Finance Corp. 3.55%, 12/15/2029		U.S.$	1,286	$	1,337,403
3.80%, 09/15/2030			3,503		3,687,517
PTTEP Treasury Center Co., Ltd. 2.993%, 01/15/2030(a)			300		311,681
Raizen Fuels Finance SA 5.30%, 01/20/2027(a)			950		1,033,006
Ras Laffan Liquefied Natural Gas Co., Ltd. III 5.838%, 09/30/2027(a)			440		497,159
SA Global Sukuk Ltd. 1.602%, 06/17/2026(a)			1,000		983,188
Saudi Arabian Oil Co. 2.25%, 11/24/2030(a)			2,050		1,995,547
Shell International Finance BV 4.375%, 05/11/2045			210		256,292
Suncor Energy, Inc. 6.50%, 06/15/2038			4,030		5,523,953
6.80%, 05/15/2038			204		286,589
6.85%, 06/01/2039			8,386		12,079,137
Tengizchevroil Finance Co., International Ltd. 3.25%, 08/15/2030(a)			750		748,725
Thaioil Treasury Center Co., Ltd. 2.50%, 06/18/2030(a)			530		495,981
TotalEnergies Capital International SA 3.386%, 06/29/2060			76		80,965
TotalEnergies SE Series NC7 1.625%, 10/25/2027(a) (c)		EUR	8,785		9,924,328
TransCanada PipeLines Ltd. 4.10%, 04/15/2030		U.S.$	245		273,465
Transportadora de Gas del Peru SA 4.25%, 04/30/2028(a)			700		739,506
Transportadora de Gas Internacional SA ESP 5.55%, 11/01/2028(a)			850		937,816
Valero Energy Corp. 6.625%, 06/15/2037			3,108		4,203,711
7.50%, 04/15/2032			555		764,314
Woodside Finance Ltd. 3.65%, 03/05/2025(a)			86		90,412
3.70%, 09/15/2026(a)			628		669,535
4.50%, 03/04/2029(a)			422		472,319
					192,826,969
Other Industrial – 0.0%
Alfa Desarrollo SpA 4.55%, 09/27/2051(a)			510		500,852
CITIC Ltd. Series E 2.85%, 02/25/2030(a)			250		254,344

19

	Principal Amount (000)		U.S. $ Value
Massachusetts Institute of Technology 5.60%, 07/01/2111	U.S.$	245	$	433,771
Swire Pacific Mtn Financing HK Ltd. 2.875%, 01/30/2030(a)		340		351,857
WW Grainger, Inc. 4.60%, 06/15/2045		91		116,496
				1,657,320
Services – 0.1%
Alibaba Group Holding Ltd. 2.125%, 02/09/2031		830		801,904
Amazon.com, Inc. 2.70%, 06/03/2060		200		192,514
3.25%, 05/12/2061		677		730,058
4.25%, 08/22/2057		360		461,751
Global Payments, Inc. 2.15%, 01/15/2027		138		138,653
JD.com, Inc. 3.875%, 04/29/2026		320		341,760
Mastercard, Inc. 3.65%, 06/01/2049		269		311,573
3.85%, 03/26/2050		315		378,690
Moody’s Corp. 5.25%, 07/15/2044		101		136,570
S&P Global, Inc. 2.30%, 08/15/2060		515		447,011
Visa, Inc. 4.15%, 12/14/2035		360		431,020
				4,371,504
Technology – 1.3%
Activision Blizzard, Inc. 2.50%, 09/15/2050		862		756,649
Adobe, Inc. 3.25%, 02/01/2025		377		398,972
Agilent Technologies, Inc. 2.30%, 03/12/2031		673		666,254
Alphabet, Inc. 1.10%, 08/15/2030		501		472,006
2.25%, 08/15/2060		377		336,954
Apple, Inc. 2.40%, 08/20/2050		585		549,276
2.80%, 02/08/2061		418		413,166
2.85%, 08/05/2061		257		258,431
3.20%, 05/13/2025		415		441,663
3.45%, 02/09/2045		245		273,602
3.75%, 09/12/2047		220		257,258
4.375%, 05/13/2045		145		183,427
4.65%, 02/23/2046		125		164,211
Axiata SPV2 Bhd 2.163%, 08/19/2030(a)		610		601,155
Baidu, Inc. 1.625%, 02/23/2027		2,296		2,230,702
2.375%, 08/23/2031		830		801,465
3.075%, 04/07/2025		12,680		13,123,420

20

	Principal Amount (000)			U.S. $ Value
Broadcom, Inc. 3.137%, 11/15/2035(a)		U.S.$	2,983	$	2,998,534
3.187%, 11/15/2036(a)			2,977		2,986,637
4.11%, 09/15/2028			9,627		10,563,434
Cisco Systems, Inc./Delaware 5.50%, 01/15/2040			90		125,817
5.90%, 02/15/2039			75		107,922
Citrix Systems, Inc. 4.50%, 12/01/2027			209		226,803
Dell International LLC/EMC Corp. 8.10%, 07/15/2036			109		166,370
8.35%, 07/15/2046			2,213		3,706,211
Electronic Arts, Inc. 1.85%, 02/15/2031			668		639,258
Fidelity National Information Services, Inc. 0.625%, 12/03/2025		EUR	903		1,040,589
1.00%, 12/03/2028			791		916,125
Hewlett Packard Enterprise Co. 2.25%, 04/01/2023		U.S.$	565		573,844
6.35%, 10/15/2045			624		835,619
HP, Inc. 2.20%, 06/17/2025			363		371,064
6.00%, 09/15/2041			615		819,235
Intel Corp. 4.60%, 03/25/2040			240		298,707
4.80%, 10/01/2041			400		519,306
Kyndryl Holdings, Inc. 2.05%, 10/15/2026(a)			10,101		9,850,132
Lam Research Corp. 4.875%, 03/15/2049			277		376,589
Microsoft Corp. 2.525%, 06/01/2050			471		462,229
2.675%, 06/01/2060			150		149,359
2.921%, 03/17/2052			783		829,130
3.041%, 03/17/2062			200		215,332
3.45%, 08/08/2036			246		282,151
3.50%, 02/12/2035			266		304,627
Oracle Corp. 3.85%, 07/15/2036			181		190,552
3.90%, 05/15/2035			190		203,252
3.95%, 03/25/2051			13,188		13,722,958
4.00%, 07/15/2046			189		196,520
4.10%, 03/25/2061			650		678,624
5.375%, 07/15/2040			150		182,392
6.50%, 04/15/2038			211		284,245
SK Hynix, Inc. 2.375%, 01/19/2031(a)			460		442,980
Texas Instruments, Inc. 1.75%, 05/04/2030			620		608,393
VeriSign, Inc. 2.70%, 06/15/2031			2,995		3,015,268
Western Digital Corp. 2.85%, 02/01/2029			2,133		2,153,181
3.10%, 02/01/2032			5,152		5,189,103
Wipro IT Services LLC 1.50%, 06/23/2026(a)			250		244,531
Xiaomi Best Time International Ltd. 2.875%, 07/14/2031(a)			790		774,842

21

	Principal Amount (000)			U.S. $ Value
Xilinx, Inc. 2.375%, 06/01/2030		U.S.$	678	$	686,866	��
					89,867,342
Transportation - Airlines – 0.2%
Delta Air Lines, Inc. 7.00%, 05/01/2025(a)			8,631		9,876,787
Delta Air Lines, Inc./SkyMiles IP Ltd. 4.75%, 10/20/2028(a)			356		389,051
Mileage Plus Holdings LLC/Mileage Plus Intellectual Property Assets Ltd. 6.50%, 06/20/2027(a)			459		490,622
Southwest Airlines Co. Pass-Through Trust Series 44743 6.15%, 08/01/2022			1,212		1,231,343
United Airlines Pass Through Trust Series 20-1 5.875%, 10/15/2027			797		870,857
					12,858,660
Transportation - Railroads – 0.0%
Burlington Northern Santa Fe L 2.875%, 06/15/2052			139		139,950
Canadian Pacific Railway Co. 6.125%, 09/15/2115			235		349,103
Lima Metro Line 2 Finance Ltd. 4.35%, 04/05/2036(a)			469		497,938
5.875%, 07/05/2034(a)			796		907,304
MTR Corp. Ltd. 1.625%, 08/19/2030(a)			260		251,193
Union Pacific Corp. 3.55%, 05/20/2061			463		512,390
					2,657,878
Transportation - Services – 0.3%
Adani Ports & Special Economic Zone Ltd. 3.10%, 02/02/2031(a)			790		753,364
Element Fleet Management Corp. 1.60%, 04/06/2024(a)			656		657,526
ENA Master Trust 4.00%, 05/19/2048(a)			1,716		1,723,830
FedEx Corp. 0.45%, 05/04/2029		EUR	14,366		16,093,683
HPHT Finance 21 Ltd. 2.00%, 03/19/2026(a)		U.S.$	250		249,350
Ryder System, Inc. 1.75%, 09/01/2026			139		138,449
Shanghai Port Group BVI Development 2 Co., Ltd. 1.50%, 07/13/2025(a)			500		493,275

22

	Principal Amount (000)			U.S. $ Value
Sydney Airport Finance Co. Pty Ltd. 3.625%, 04/28/2026(a)		U.S.$	445	$	471,604
3.90%, 03/22/2023(a)			201		207,619
					20,788,700
					627,347,801
Utility – 1.3%
Electric – 1.3%
Abu Dhabi National Energy Co. PJSC 4.875%, 04/23/2030(a)			420		497,516
Adani Electricity Mumbai Ltd. 3.867%, 07/22/2031(a)			710		690,780
Adani Transmission Ltd. 4.00%, 08/03/2026(a)			7,886		8,276,850
AES Panama Generation Holdings SRL 4.375%, 05/31/2030(a)			2,885		3,000,941
Chile Electricity PEC SpA Zero Coupon, 01/25/2028(a)			206		167,027
Cometa Energia SA de CV 6.375%, 04/24/2035(a)			683		772,061
Duke Energy Florida LLC 2.40%, 12/15/2031			67		67,839
EDP Finance BV 0.375%, 09/16/2026(a)		EUR	14,510		16,558,919
Electricite de France SA 2.875%, 12/15/2026(a) (c)			8,400		9,804,370
Emirates Semb Corp. Water & Power Co. PJSC 4.45%, 08/01/2035(a)		U.S.$	220		252,106
Enel Chile SA 4.875%, 06/12/2028			270		296,882
Enel Finance International NV 0.50%, 06/17/2030(a)		EUR	17,505		19,535,686
Engie Energia Chile SA 3.40%, 01/28/2030(a)		U.S.$	670		673,894
Entergy Louisiana LLC 0.95%, 10/01/2024			140		138,866
Entergy Mississippi LLC 2.55%, 12/01/2033			141		140,871
Exelon Generation Co. LLC 5.60%, 06/15/2042			344		408,309
6.25%, 10/01/2039			717		901,653
Iberdrola International BV Series NC6 1.45%, 11/09/2026(a) (c)		EUR	11,700		13,335,407
Infraestructura Energetica Nova SAB de CV 3.75%, 01/14/2028(a)		U.S.$	230		239,387
4.75%, 01/15/2051(a)			480		479,940
Interchile SA 4.50%, 06/30/2056(a)			380		404,178
Interconexion Electrica SA ESP 3.825%, 11/26/2033(a)			403		412,269
Israel Electric Corp. Ltd. Series G 4.25%, 08/14/2028(a)			450		493,959

23

	Principal Amount (000)			U.S. $ Value
LLPL Capital Pte Ltd. 6.875%, 02/04/2039(a)		U.S.$	430	$	490,486
Massachusetts Electric Co. 5.90%, 11/15/2039(a)			146		194,237
Minejesa Capital BV 4.625%, 08/10/2030(a)			730		750,075
National Central Cooling Co. PJSC 2.50%, 10/21/2027(a)			730		716,997
NextEra Energy Capital Holdings, Inc. 1.90%, 06/15/2028			3,879		3,849,809
NTPC Ltd. 4.25%, 02/26/2026(a)			370		395,507
Pacific Gas and Electric Co. 3.15%, 01/01/2026			205		209,937
4.95%, 07/01/2050			317		347,236
RH International Singapore Corp. Pte Ltd. 4.50%, 03/27/2028(a)			470		522,522
Southern Power Co. Series F 4.95%, 12/15/2046			345		422,555
SSE PLC 1.375%, 09/04/2027(a)		EUR	2,745		3,290,475
TNB Global Ventures Capital Bhd 4.851%, 11/01/2028(a)		U.S.$	430		494,984
					89,234,530
Natural Gas – 0.0%
ENN Energy Holdings Ltd. 2.625%, 09/17/2030(a)			290		288,423
Grupo Energia Bogota SA ESP 4.875%, 05/15/2030(a)			540		581,614
National Fuel Gas Co. 5.50%, 01/15/2026			620		695,070
					1,565,107
					90,799,637
Total Corporates - Investment Grade (cost $1,460,208,786)					1,459,140,163
CORPORATES - NON-INVESTMENT GRADE – 6.9%
Industrial – 5.4%
Basic – 0.7%
Axalta Coating Systems LLC 3.375%, 02/15/2029(a)			2,986		2,893,031
INEOS Quattro Finance 2 PLC 2.50%, 01/15/2026(a)		EUR	5,781		6,542,575
INEOS Styrolution Group GmbH 2.25%, 01/16/2027(a)			5,940		6,582,651
Ingevity Corp. 3.875%, 11/01/2028(a)		U.S.$	4,343		4,234,965
Olympus Water US Holding Corp. 3.875%, 10/01/2028(a)		EUR	2,060		2,351,502

24

	Principal Amount (000)			U.S. $ Value
Rimini Bidco SpA 5.25% (EURIBOR 3 Month + 5.25%), 12/14/2026(e)		EUR	9,215	$	10,303,225
SPCM SA 2.00%, 02/01/2026			6,377		7,292,745
WEPA Hygieneprodukte GmbH 2.875%, 12/15/2027(a) (d)			9,526		10,283,783
					50,484,477
Capital Goods – 0.7%
Ardagh Metal Packaging Finance USA LLC/Ardagh Metal Packaging Finance PLC 2.00%, 09/01/2028(a)			11,480		12,922,943
Colfax Corp. 3.25%, 05/15/2025(a)			9,188		10,528,538
Silgan Holdings, Inc. 2.25%, 06/01/2028			3,680		4,157,854
TK Elevator Midco GmbH 4.375%, 07/15/2027(a)			11,795		13,875,485
TransDigm, Inc. 6.25%, 03/15/2026(a)		U.S.$	8,414		8,743,271
					50,228,091
Communications - Media – 0.4%
Cable One, Inc. 4.00%, 11/15/2030(a)			2,965		2,923,488
CCO Holdings LLC/CCO Holdings Capital Corp. 4.50%, 06/01/2033(a)			6,943		7,086,556
DISH DBS Corp. 5.25%, 12/01/2026(a)			9,670		9,822,502
5.75%, 12/01/2028(a)			6,707		6,781,468
					26,614,014
Communications - Telecommunications – 0.4%
Lorca Telecom Bondco SA 4.00%, 09/18/2027(a)		EUR	8,585		9,940,332
Lumen Technologies, Inc. 4.50%, 01/15/2029(a)		U.S.$	7,617		7,386,469
Telecom Italia SpA/Milano 1.625%, 01/18/2029(a)		EUR	12,035		12,568,893
					29,895,694
Consumer Cyclical - Automotive – 0.2%
Clarios Global LP/Clarios US Finance Co. 4.375%, 05/15/2026(a)			1,819		2,121,426
ZF Finance GmbH 2.00%, 05/06/2027(a)			11,700		13,315,622
					15,437,048

25

	Principal Amount (000)			U.S. $ Value
Consumer Cyclical - Entertainment – 0.3%
Carnival Corp. 4.00%, 08/01/2028(a)		U.S.$	13,435	$	13,334,238
Carnival PLC 1.00%, 10/28/2029		EUR	9,042		7,720,560
					21,054,798
Consumer Cyclical - Other – 0.0%
NH Hotel Group SA 4.00%, 07/02/2026(a)			1,294		1,465,130
Consumer Cyclical - Restaurants – 0.2%
1011778 BC ULC/New Red Finance, Inc. 3.50%, 02/15/2029(a)		U.S.$	7,914		7,834,544
Stonegate Pub Co. Financing 2019 PLC 8.25%, 07/31/2025(a)		GBP	2,322		3,191,480
					11,026,024
Consumer Cyclical - Retailers – 0.1%
Dufry One BV 2.50%, 10/15/2024(a)		EUR	1,190		1,331,678
Levi Strauss & Co. 3.50%, 03/01/2031(a)		U.S.$	3,013		3,072,391
					4,404,069
Consumer Non-Cyclical – 1.2%
Albertsons Cos., Inc./Safeway, Inc./New Albertsons LP/Albertsons LLC 3.50%, 02/15/2023(a)			3,143		3,202,669
Avantor Funding, Inc. 2.625%, 11/01/2025(a)		EUR	12,097		14,100,118
Cheplapharm Arzneimittel GmbH 3.50%, 02/11/2027(a)			970		1,122,855
Grifols Escrow Issuer SA 3.875%, 10/15/2028(a)			5,780		6,608,256
Grifols SA 1.625%, 02/15/2025(a)			6,165		6,975,775
Mozart Debt Merger Sub, Inc. 3.875%, 04/01/2029(a)		U.S.$	10,402		10,365,811
Newell Brands, Inc. 4.70%, 04/01/2026			4,923		5,369,457
4.875%, 06/01/2025			1,620		1,762,811
Organon & Co./Organon Foreign Debt Co-Issuer BV 4.125%, 04/30/2028(a)			22,168		22,729,559
Paysafe Finance PLC/Paysafe Holdings US Corp. 3.00%, 06/15/2029		EUR	11,490		12,312,835
Tenet Healthcare Corp. 4.625%, 07/15/2024		U.S.$	1,799		1,826,077
					86,376,223

26

	Principal Amount (000)			U.S. $ Value
Energy – 0.1%
Venture Global Calcasieu Pass LLC 3.875%, 08/15/2029(a)		U.S.$	7,612	$	7,923,405
Other Industrial – 0.2%
Belden, Inc. 3.375%, 07/15/2027(a)		EUR	8,510		9,812,135
ProGroup AG 3.00%, 03/31/2026(a)			649		746,708
					10,558,843
Services – 0.6%
Block, Inc. 2.75%, 06/01/2026(a)		U.S.$	11,791		11,839,700
Elior Group SA 3.75%, 07/15/2026(a)		EUR	8,360		9,751,080
Intertrust Group BV 3.375%, 11/15/2025(a)			11,420		13,219,168
Verisure Holding AB 3.25%, 02/15/2027(a)			8,715		9,896,365
					44,706,313
Transportation - Airlines – 0.0%
Deutsche Lufthansa AG 2.875%, 02/11/2025(a)			3,000		3,425,918
Transportation - Services – 0.3%
Chicago Parking Meters LLC 4.93%, 12/30/2025(f)		U.S.$	16,500		17,747,413
					381,347,460
Financial Institutions – 1.5%
Banking – 1.0%
Banco Bilbao Vizcaya Argentaria SA Series 9 6.50%, 03/05/2025(c)			12,400		13,169,529
Banco Santander SA 6.75%, 04/25/2022(a) (c)		EUR	14,100		16,398,676
Credit Suisse Group AG 6.25%, 12/18/2024(a) (c)		U.S.$	11,289		12,040,679
Intesa Sanpaolo SpA 5.017%, 06/26/2024(a)			6,713		7,163,079
5.71%, 01/15/2026(a)			5,580		6,177,154
Societe Generale SA 7.875%, 12/18/2023(a) (c)			15,565		16,972,699
					71,921,816
Finance – 0.2%
Lincoln Financing SARL 3.625%, 04/01/2024(a)		EUR	3,009		3,451,469
SLM Corp. 4.20%, 10/29/2025		U.S.$	6,873		7,198,811
					10,650,280

27

	Principal Amount (000)			U.S. $ Value
Other Finance – 0.1%
Nordic Aviation Capital 5.04%, 02/27/2024(f) (g)		U.S.$	10,632	$	7,787,701
REITs – 0.2%
ADLER Group SA 3.25%, 08/05/2025(a)		EUR	11,000		10,858,343
Service Properties Trust 4.75%, 10/01/2026		U.S.$	185		179,888
Vivion Investments SARL 3.00%, 08/08/2024(a)		EUR	200		222,661
					11,260,892
					101,620,689
Total Corporates - Non-Investment Grade (cost $492,918,052)					482,968,149
COLLATERALIZED MORTGAGE OBLIGATIONS – 4.3%
Risk Share Floating Rate – 4.2%
Bellemeade Re Ltd.
Series 2018-1A, Class M2 3.002% (LIBOR 1 Month + 2.90%), 04/25/2028(a) (e)		U.S.$	1,100		1,104,450
Series 2019-1A, Class M1B 1.852% (LIBOR 1 Month + 1.75%), 03/25/2029(a) (e)			10,213		10,213,431
Series 2019-2A, Class M1C 2.102% (LIBOR 1 Month + 2.00%), 04/25/2029(a) (e)			8,716		8,715,768
Series 2019-2A, Class M2 3.202% (LIBOR 1 Month + 3.10%), 04/25/2029(a) (e)			5,800		5,858,043
Series 2019-3A, Class M1B 1.702% (LIBOR 1 Month + 1.60%), 07/25/2029(a) (e)			7,611		7,610,607
Series 2019-3A, Class M1C 2.052% (LIBOR 1 Month + 1.95%), 07/25/2029(a) (e)			10,500		10,499,998
Series 2019-4A, Class M1C 2.602% (LIBOR 1 Month + 2.50%), 10/25/2029(a) (e)			5,676		5,662,986
Series 2020-3A, Class M1C 3.802% (LIBOR 1 Month + 3.70%), 10/25/2030(a) (e)			4,776		4,964,914
Series 2020-4A, Class M2A 2.702% (LIBOR 1 Month + 2.60%), 06/25/2030(a) (e)			173		173,010
Series 2021-3A, Class A2 1.05% (SOFR + 1.00%), 09/25/2031(a) (e)			7,225		7,176,443

28

	Principal Amount (000)		U.S. $ Value
Connecticut Avenue Securities Trust
Series 2019-R02, Class 1M2 2.403% (LIBOR 1 Month + 2.30%), 08/25/2031(a) (e)	U.S.$	1,053	$	1,057,559
Series 2019-R03, Class 1M2 2.253% (LIBOR 1 Month + 2.15%), 09/25/2031(a) (e)		721		723,838
Series 2019-R05, Class 1M2 2.103% (LIBOR 1 Month + 2.00%), 07/25/2039(a) (e)		381		381,743
Series 2019-R06, Class 2M2 2.202% (LIBOR 1 Month + 2.10%), 09/25/2039(a) (e)		1,304		1,306,408
Series 2019-R07, Class 1M2 2.203% (LIBOR 1 Month + 2.10%), 10/25/2039(a) (e)		1,987		1,991,240
Series 2020-R01, Class 1M2 2.153% (LIBOR 1 Month + 2.05%), 01/25/2040(a) (e)		3,819		3,833,486
Series 2021-R01, Class 1M1 0.80% (SOFR + 0.75%), 10/25/2041(a) (e)		848		848,402
Series 2021-R01, Class 1M2 1.60% (SOFR + 1.55%), 10/25/2041(a) (e)		878		879,795
Eagle RE Ltd.
Series 2018-1, Class M1 1.802% (LIBOR 1 Month + 1.70%), 11/25/2028(a) (e)		4,843		4,842,814
Series 2021-2, Class M1B 2.10% (SOFR + 2.05%), 04/25/2034(a) (e)		3,700		3,706,571
Federal Home Loan Mortgage Corp. Structured Agency Credit Risk Debt Notes
Series 2013-DN2, Class M2 4.353% (LIBOR 1 Month + 4.25%), 11/25/2023(e)		4,705		4,848,213
Series 2014-DN3, Class M3 4.103% (LIBOR 1 Month + 4.00%), 08/25/2024(e)		3,990		4,062,907
Series 2014-HQ2, Class M3 3.853% (LIBOR 1 Month + 3.75%), 09/25/2024(e)		836		861,758
Series 2014-HQ3, Class M3 4.853% (LIBOR 1 Month + 4.75%), 10/25/2024(e)		167		167,422
Series 2015-DNA1, Class M3 3.403% (LIBOR 1 Month + 3.30%), 10/25/2027(e)		5,926		6,017,940
Series 2015-DNA3, Class M3 4.803% (LIBOR 1 Month + 4.70%), 04/25/2028(e)		1,293		1,332,769
Series 2015-HQA1, Class M3 4.803% (LIBOR 1 Month + 4.70%), 03/25/2028(e)		1,105		1,130,111

29

	Principal Amount (000)		U.S. $ Value
Series 2015-HQA2, Class M3 4.903% (LIBOR 1 Month + 4.80%), 05/25/2028(e)	U.S.$	5,097	$	5,234,663
Series 2016-HQA1, Class M3 6.453% (LIBOR 1 Month + 6.35%), 09/25/2028(e)		271		283,627
Series 2017-DNA2, Class M2 3.553% (LIBOR 1 Month + 3.45%), 10/25/2029(e)		7,204		7,412,947
Series 2017-DNA3, Class M2 2.603% (LIBOR 1 Month + 2.50%), 03/25/2030(e)		7,331		7,471,840
Series 2017-HQA2, Class M2B 2.753% (LIBOR 1 Month + 2.65%), 12/25/2029(e)		6,516		6,658,094
Series 2019-DNA3, Class M2 2.153% (LIBOR 1 Month + 2.05%), 07/25/2049(a) (e)		1,195		1,203,244
Series 2019-DNA4, Class M2 2.053% (LIBOR 1 Month + 1.95%), 10/25/2049(a) (e)		1,695		1,700,138
Series 2019-HQA1, Class M2 2.453% (LIBOR 1 Month + 2.35%), 02/25/2049(a) (e)		3,856		3,887,917
Series 2020-DNA1, Class M2 1.803% (LIBOR 1 Month + 1.70%), 01/25/2050(a) (e)		788		789,830
Series 2020-HQA2, Class M2 3.203% (LIBOR 1 Month + 3.10%), 03/25/2050(a) (e)		2,784		2,816,950
Series 2021-DNA5, Class M2 1.70% (SOFR + 1.65%), 01/25/2034(a) (e)		4,052		4,068,104
Series 2021-DNA6, Class M1 0.85% (SOFR + 0.80%), 10/25/2041(a) (e)		730		729,212
Series 2021-DNA6, Class M2 1.55% (SOFR + 1.50%), 10/25/2041(a) (e)		11,395		11,383,222
Series 2021-DNA7, Class M2 1.85% (SOFR + 1.80%), 11/25/2041(a) (e)		13,277		13,306,083
Series 2021-HQA4, Class M1 1.00% (SOFR + 0.95%), 12/25/2041(a) (e)		7,113		7,099,400
Series 2021-HQA4, Class M2 2.40% (SOFR + 2.35%), 12/25/2041(a) (e)		13,864		13,876,828
Federal National Mortgage Association Connecticut Avenue Securities
Series 2013-C01, Class M2 5.353% (LIBOR 1 Month + 5.25%), 10/25/2023(e)		133		138,804

30

	Principal Amount (000)		U.S. $ Value
Series 2014-C01, Class M2 4.503% (LIBOR 1 Month + 4.40%), 01/25/2024(e)	U.S.$	523	$	541,511
Series 2014-C04, Class 1M2 5.003% (LIBOR 1 Month + 4.90%), 11/25/2024(e)		1,837		1,912,342
Series 2014-C04, Class 2M2 5.103% (LIBOR 1 Month + 5.00%), 11/25/2024(e)		1,771		1,795,267
Series 2015-C01, Class 1M2 4.403% (LIBOR 1 Month + 4.30%), 02/25/2025(e)		2,780		2,834,747
Series 2015-C02, Class 1M2 4.103% (LIBOR 1 Month + 4.00%), 05/25/2025(e)		2,243		2,282,433
Series 2015-C02, Class 2M2 4.103% (LIBOR 1 Month + 4.00%), 05/25/2025(e)		396		397,546
Series 2015-C03, Class 1M2 5.103% (LIBOR 1 Month + 5.00%), 07/25/2025(e)		514		527,999
Series 2015-C03, Class 2M2 5.103% (LIBOR 1 Month + 5.00%), 07/25/2025(e)		572		573,811
Series 2015-C04, Class 1M2 5.803% (LIBOR 1 Month + 5.70%), 04/25/2028(e)		1,438		1,514,383
Series 2015-C04, Class 2M2 5.653% (LIBOR 1 Month + 5.55%), 04/25/2028(e)		7,228		7,529,378
Series 2016-C01, Class 2M2 7.053% (LIBOR 1 Month + 6.95%), 08/25/2028(e)		1,255		1,322,518
Series 2016-C02, Class 1M2 6.103% (LIBOR 1 Month + 6.00%), 09/25/2028(e)		4,009		4,142,702
Series 2016-C05, Class 2M2 4.553% (LIBOR 1 Month + 4.45%), 01/25/2029(e)		9,447		9,785,197
Series 2017-C03, Class 1M2 3.103% (LIBOR 1 Month + 3.00%), 10/25/2029(e)		3,392		3,470,624
Series 2017-C06, Class 2M2 2.903% (LIBOR 1 Month + 2.80%), 02/25/2030(e)		1,306		1,333,949
Series 2018-C01, Class 1B1 3.653% (LIBOR 1 Month + 3.55%), 07/25/2030(e)		1,487		1,534,887
Series 2021-R02, Class 2M2 2.05% (SOFR + 2.00%), 11/25/2041(a) (e)		7,361		7,379,500
Home Re Ltd. Series 2020-1, Class M1B 3.352% (LIBOR 1 Month + 3.25%), 10/25/2030(a) (e)		4,137		4,149,565

31

	Principal Amount (000)			U.S. $ Value
JPMorgan Madison Avenue Securities Trust Series 2015-CH1, Class M2 5.603% (LIBOR 1 Month + 5.50%), 10/25/2025(e) (h)		U.S.$	2,014	$	2,030,277
PMT Credit Risk Transfer Trust
Series 2019-1R, Class A 2.102% (LIBOR 1 Month + 2.00%), 03/27/2024(a) (e)			3,278		3,277,853
Series 2019-2R, Class A 2.852% (LIBOR 1 Month + 2.75%), 05/27/2023(a) (e)			6,519		6,459,534
Series 2019-3R, Class A 2.802% (LIBOR 1 Month + 2.70%), 10/27/2022(a) (e)			536		536,546
Radnor Re Ltd.
Series 2019-1, Class M1B 2.053% (LIBOR 1 Month + 1.95%), 02/25/2029(a) (e)			4,623		4,623,257
Series 2019-2, Class M1B 1.852% (LIBOR 1 Month + 1.75%), 06/25/2029(a) (e)			12,995		12,994,767
Series 2020-2, Class M1C 4.702% (LIBOR 1 Month + 4.60%), 10/25/2030(a) (e)			770		770,979
STACR Trust Series 2018-DNA3, Class M2 2.203% (LIBOR 1 Month + 2.10%), 09/25/2048(a) (e)			12,075		12,208,333
Traingle Re Ltd.
Series 2021-1, Class M1B 3.102% (LIBOR 1 Month + 3.00%), 08/25/2033(a) (e)			4,279		4,286,639
Series 2021-3, Class M1A 1.95% (SOFR + 1.90%), 02/25/2034(a) (e)			10,230		10,223,998
					298,474,071
Non-Agency Fixed Rate – 0.1%
Alternative Loan Trust
Series 2006-24CB, Class A15 5.75%, 08/25/2036			1,454		1,094,180
Series 2006-26CB, Class A6 6.25%, 09/25/2036			116		79,694
Series 2006-26CB, Class A8 6.25%, 09/25/2036			432		297,707
Series 2006-J1, Class 1A11 5.50%, 02/25/2036			755		674,744
Series 2007-15CB, Class A19 5.75%, 07/25/2037			297		237,324
CHL Mortgage Pass-Through Trust
Series 2007-3, Class A30 5.75%, 04/25/2037			863		575,060
Series 2007-HY4, Class 1A1 2.911%, 09/25/2047			273		261,576

32

	Principal Amount (000)			U.S. $ Value
Citigroup Mortgage Loan Trust Series 2007-AR4, Class 1A1A 3.173%, 03/25/2037		U.S.$	159	$	159,847
CSMC Mortgage-Backed Trust Series 2006-7, Class 3A12 6.25%, 08/25/2036			515		298,837
Residential Accredit Loans, Inc. Trust Series 2005-QS14, Class 3A1 6.00%, 09/25/2035			637		635,937
Wells Fargo Mortgage Backed Securities Trust Series 2007-AR7, Class A1 2.741%, 12/28/2037			1,050		1,047,354
					5,362,260
Non-Agency Floating Rate – 0.0%
First Horizon Alternative Mortgage Securities Trust Series 2007-FA2, Class 1A10 0.352% (LIBOR 1 Month + 0.25%), 04/25/2037(e)			587		150,845
Total Collateralized Mortgage Obligations (cost $298,923,198)					303,987,176
Agency Fixed Rate 30-Year – 4.0%
Federal Home Loan Mortgage Corp.
Series 2019 3.50%, 09/01/2049			16,268		17,399,318
Series 2020 2.50%, 07/01/2050			15,881		16,391,828
3.50%, 01/01/2050			12,199		13,127,362
Federal Home Loan Mortgage Corp. Gold Series 2019 4.50%, 02/01/2049			8,059		8,773,934
Federal National Mortgage Association
Series 2005 5.50%, 02/01/2035			8		9,578
Series 2007 5.50%, 09/01/2036-08/01/2037			12		13,489
Series 2008 5.50%, 03/01/2037-05/01/2038			1,125		1,287,031
Series 2012 3.50%, 02/01/2042-01/01/2043			26,356		28,428,271
Series 2013 3.50%, 04/01/2043			12,360		13,333,256
Series 2017 3.50%, 06/01/2047-01/01/2048			232		246,417
Series 2018 3.50%, 01/01/2048-05/01/2048			14,304		15,281,778
4.50%, 09/01/2048-12/01/2048			21,452		23,313,534
Series 2020 2.50%, 07/01/2050			34,317		35,679,985
3.50%, 01/01/2050			19,848		21,240,503
Uniform Mortgage-Backed Security Series 2022 2.50%, 01/01/2052, TBA			84,005		85,803,622
Total Mortgage Pass-Throughs (cost $276,846,887)					280,329,906

33

	Principal Amount (000)			U.S. $ Value
QUASI-SOVEREIGNS – 4.0%
Quasi-Sovereign Bonds – 4.0%
Chile – 0.0%
Corp. Nacional del Cobre de Chile 3.75%, 01/15/2031(a)		U.S.$	750	$	796,875
Empresa de Transporte de Pasajeros Metro SA 3.65%, 05/07/2030(a)			370		391,691
					1,188,566
China – 3.5%
China Development Bank
Series 1805 4.88%, 02/09/2028		CNY	542,790		93,992,047
Series 1904 3.68%, 02/26/2026			598,250		96,860,771
Series 2004 3.43%, 01/14/2027			196,740		31,639,305
Series 2009 3.39%, 07/10/2027			131,150		21,050,220
CNAC HK Finbridge Co., Ltd. 3.00%, 09/22/2030(a)		U.S.$	800		809,680
4.875%, 03/14/2025(a)			230		249,274
					244,601,297
Hong Kong – 0.0%
Airport Authority 2.10%, 03/08/2026(a) (c)			250		248,750
India – 0.0%
Indian Railway Finance Corp. Ltd. 3.249%, 02/13/2030(a)			250		253,485
Indonesia – 0.0%
Pertamina Persero PT 1.40%, 02/09/2026(a)			770		746,900
4.15%, 02/25/2060(a)			410		411,486
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara 4.125%, 05/15/2027(a)			460		490,705
					1,649,091
Kazakhstan – 0.0%
KazMunayGas National Co. JSC 3.50%, 04/14/2033(a)			240		249,120
Sovereign Wealth Fund Samruk-Kazyna JSC 2.00%, 10/28/2026(a)			473		465,716
					714,836

34

	Principal Amount (000)			U.S. $ Value
Malaysia – 0.0%
Petronas Capital Ltd. 2.48%, 01/28/2032(a)		U.S.$	500	$	501,130
Mexico – 0.3%
Comision Federal de Electricidad 3.348%, 02/09/2031(a)			18,740		18,374,570
5.00%, 09/29/2036(a)			3,634		3,788,445
					22,163,015
Panama – 0.1%
Aeropuerto Internacional de Tocumen SA 4.00%, 08/11/2041(a)			490		500,198
5.125%, 08/11/2061(a)			240		251,370
Banco Nacional de Panama 2.50%, 08/11/2030(a)			1,040		973,570
					1,725,138
Qatar – 0.0%
Qatar Energy 2.25%, 07/12/2031(a)			540		533,756
3.30%, 07/12/2051(a)			500		513,750
					1,047,506
United Arab Emirates – 0.1%
Abu Dhabi Crude Oil Pipeline LLC 3.65%, 11/02/2029(a)			270		297,051
4.60%, 11/02/2047(a)			250		294,922
Abu Dhabi Ports Co. PJSC 2.50%, 05/06/2031(a)			500		497,500
DP World Crescent Ltd. 3.75%, 01/30/2030(a)			1,170		1,233,984
DP World Ltd./United Arab Emirates 4.70%, 09/30/2049(a)			230		250,959
MDGH GMTN RSC Ltd. Series G 2.50%, 06/03/2031(a)			690		695,865
					3,270,281
Total Quasi-Sovereigns (cost $248,905,856)					277,363,095
INFLATION-LINKED SECURITIES – 2.0%
Australia – 1.0%
Australia Government Bond Series 30CI 2.50%, 09/20/2030(a)		AUD	58,227		68,122,456
United States – 1.0%
U.S. Treasury Inflation Index 0.125%, 10/15/2026 (TIPS)		U.S.$	63,930		69,580,212
Total Inflation-Linked Securities (cost $137,680,539)					137,702,668

35

	Principal Amount (000)			U.S. $ Value
COLLATERALIZED LOAN OBLIGATIONS – 1.9%
CLO - Floating Rate – 1.9%
AGL CLO 12 Ltd. Series 2021-12A, Class B 1.73% (LIBOR 3 Month + 1.60%), 07/20/2034(a) (e)		U.S.$	3,892	$	3,862,045
AGL CLO 16 Ltd. Series 2021-16A, Class A 1.378% (LIBOR 3 Month + 1.13%), 01/20/2035(a) (e)			700		699,577
Balboa Bay Loan Funding Ltd. Series 2021-1A, Class B Zero Coupon (LIBOR 3 Month + 1.65%), 07/20/2034(a) (e)			1,600		1,589,866
Ballyrock CLO 16 Ltd. Series 2021-16A, Class A2 1.785% (LIBOR 3 Month + 1.65%), 07/20/2034(a) (e)			3,892		3,867,385
Black Diamond CLO Ltd. Series 2016-1A, Class A2AR 1.875% (LIBOR 3 Month + 1.75%), 04/26/2031(a) (e)			4,580		4,549,584
Crown Point CLO 11 Ltd. Series 2021-11A, Class D 3.846% (LIBOR 3 Month + 3.60%), 01/17/2034(a) (e)			500		499,350
Elmwood CLO IX Ltd. Series 2021-2A, Class B 1.689% (LIBOR 3 Month + 1.55%), 07/20/2034(a) (e)			4,052		4,007,557
Flatiron CLO 21 Ltd. Series 2021-1A, Class B 1.751% (LIBOR 3 Month + 1.60%), 07/19/2034(a) (e)			4,424		4,379,048
Greywolf CLO VI Ltd. Series 2018-1A, Class A2 1.755% (LIBOR 3 Month + 1.63%), 04/26/2031(a) (e)			4,035		4,024,214
Kings Park CLO Ltd. Series 2021-1A, Class A 1.478% (LIBOR 3 Month + 1.13%), 01/21/2035(a) (e)			700		699,574
Marble Point CLO XI Ltd. Series 2017-2A, Class A 1.302% (LIBOR 3 Month + 1.18%), 12/18/2030(a) (e)			17,519		17,486,130
Neuberger Berman Loan Advisers CLO 43 Ltd. Series 2021-43A, Class B 1.712% (LIBOR 3 Month + 1.60%), 07/17/2035(a) (e)			7,829		7,785,371

36

	Principal Amount (000)		U.S. $ Value
New Mountain CLO 3 Ltd. Series CLO-3A, Class B1 1.831% (LIBOR 3 Month + 1.70%), 10/20/2034(a) (e)	U.S.$	5,734	$	5,693,318
OCP CLO Ltd. Series 2020-18A, Class AR 1.222% (LIBOR 3 Month + 1.09%), 07/20/2032(a) (e)		3,453		3,455,064
Octagon Loan Funding Ltd. Series 2014-1A, Class ARR 1.34% (LIBOR 3 Month + 1.18%), 11/18/2031(a) (e)		8,984		8,984,755
OZLM XVIII Ltd. Series 2018-18A, Class A 1.144% (LIBOR 3 Month + 1.02%), 04/15/2031(a) (e)		17,040		17,040,477
Palmer Square CLO Ltd. Series 2021-3A, Class D 3.183% (LIBOR 3 Month + 2.95%), 01/15/2035(a) (e)		650		647,346
Peace Park CLO Ltd. Series 2021-1A, Class A 1.268% (LIBOR 3 Month + 1.13%), 10/20/2034(a) (e)		4,620		4,619,986
Pikes Peak CLO 8
Series 2021-8A, Class A 1.322% (LIBOR 3 Month + 1.17%), 07/20/2034(a) (e)		14,279		14,278,837
Series 2021-8A, Class B 1.902% (LIBOR 3 Month + 1.75%), 07/20/2034(a) (e)		7,590		7,590,227
Regatta XXIV Funding Ltd.
Series 2021-5A, Class A1 1.239% (LIBOR 3 Month + 1.15%), 01/20/2035(a) (e)		450		449,622
Series 2021-5A, Class D 3.189% (LIBOR 3 Month + 3.10%), 01/20/2035(a) (e)		500		498,005
Rockford Tower CLO Ltd. Series 2018-2A, Class A 1.292% (LIBOR 3 Month + 1.16%), 10/20/2031(a) (e)		8,500		8,500,646
THL Credit Wind River CLO Ltd. Series 2017-4A, Class B 1.61% (LIBOR 3 Month + 1.45%), 11/20/2030(a) (e)		6,000		5,982,198
TIAA CLO IV Ltd. Series 2018-1A, Class A1A 1.362% (LIBOR 3 Month + 1.23%), 01/20/2032(a) (e)		4,510		4,510,162
Total Collateralized Loan Obligations (cost $135,963,756)				135,700,344

37

	Principal Amount (000)			U.S. $ Value
COMMERCIAL MORTGAGE-BACKED SECURITIES – 1.5%
Non-Agency Floating Rate CMBS – 1.2%
Ashford Hospitality Trust Series 2018-KEYS, Class A 1.11% (LIBOR 1 Month + 1.00%), 06/15/2035(a) (e)		U.S.$	14,000	$	14,007,182
BAMLL Commercial Mortgage Securities Trust Series 2017-SCH, Class AF 1.11% (LIBOR 1 Month + 1.00%), 11/15/2033(a) (e)			6,275		6,255,666
BHMS Series 2018-ATLS, Class A 1.36% (LIBOR 1 Month + 1.25%), 07/15/2035(a) (e)			13,884		13,874,975
BHP Trust Series 2019-BXHP, Class C 1.632% (LIBOR 1 Month + 1.52%), 08/15/2036(a) (e)			5,180		5,147,777
BX Trust Series 2018-EXCL, Class A 1.198% (LIBOR 1 Month + 1.09%), 09/15/2037(a) (e)			9,747		9,699,532
DBWF Mortgage Trust Series 2018-GLKS, Class A 1.134% (LIBOR 1 Month + 1.03%), 12/19/2030(a) (e)			18,535		18,490,076
GS Mortgage Securities Corp. Trust Series 2019-SMP, Class D 2.06% (LIBOR 1 Month + 1.95%), 08/15/2032(a) (e)			5,035		4,959,097
Morgan Stanley Capital I Trust Series 2015-XLF2, Class SNMD 1.844% (LIBOR 1 Month + 1.73%), 11/15/2026(e) (h)			5,700		74,812
Natixis Commercial Mortgage Securities Trust Series 2019-MILE, Class A 1.61% (LIBOR 1 Month + 1.50%), 07/15/2036(a) (e)			12,593		12,593,415
					85,102,532
Non-Agency Fixed Rate CMBS – 0.3%
225 Liberty Street Trust Series 2016-225L, Class E 4.649%, 02/10/2036(a)			9,098		9,246,738
Commercial Mortgage Trust
Series 2012-CR3, Class D 4.749%, 10/15/2045(a)			2,322		1,758,729
Series 2013-SFS, Class A1 1.873%, 04/12/2035(a)			708		709,433
GS Mortgage Securities Trust
Series 2011-GC5, Class D 5.158%, 08/10/2044(a)			205		98,729

38

	Principal Amount (000)			U.S. $ Value
Series 2013-G1, Class A2 3.557%, 04/10/2031(a)		U.S.$	4,825	$	4,786,045
JPMBB Commercial Mortgage Securities Trust Series 2014-C21, Class B 4.341%, 08/15/2047			6,329		6,584,305
					23,183,979
Total Commercial Mortgage-Backed Securities (cost $113,171,942)					108,286,511
GOVERNMENTS - SOVEREIGN BONDS – 1.3%
Chile – 0.0%
Chile Government International Bond 2.55%, 01/27/2032			250		248,719
3.10%, 01/22/2061			280		259,402
					508,121
Colombia – 0.1%
Colombia Government International Bond 3.875%, 04/25/2027			9,430		9,499,546
Germany – 0.2%
Kreditanstalt fuer Wiederaufbau Zero Coupon, 06/15/2029(a)		EUR	8,963		10,232,894
Hungary – 0.0%
Hungary Government International Bond 2.125%, 09/22/2031(a)		U.S.$	510		499,972
Indonesia – 0.3%
Indonesia Government International Bond 1.00%, 07/28/2029		EUR	5,330		5,962,011
2.15%, 07/28/2031		U.S.$	1,030		1,022,275
3.20%, 09/23/2061			270		258,863
3.375%, 07/30/2025(a)		EUR	10,564		13,213,288
4.125%, 01/15/2025(a)		U.S.$	590		633,439
					21,089,876
Mexico – 0.4%
Mexico Government International Bond 4.75%, 04/27/2032			21,350		24,129,503
Panama – 0.3%
Panama Bonos del Tesoro Series DOM 3.362%, 06/30/2031			500		501,188
Panama Government International Bond 3.875%, 03/17/2028			920		994,922
6.70%, 01/26/2036			12,960		17,360,730
					18,856,840
Philippines – 0.0%
Philippine Government International Bond 1.95%, 01/06/2032			1,660		1,630,950

39

	Principal Amount (000)			U.S. $ Value
Qatar – 0.0%
Qatar Government International Bond 3.75%, 04/16/2030(a)		U.S.$	1,110	$	1,245,420
4.40%, 04/16/2050(a)			820		1,014,750
					2,260,170
Romania – 0.0%
Romanian Government International Bond 3.00%, 02/14/2031(a)			250		253,325
Russia – 0.0%
Russian Foreign Bond - Eurobond 4.75%, 05/27/2026(a)			600		655,500
5.25%, 06/23/2047(a)			600		756,000
					1,411,500
Saudi Arabia – 0.0%
Saudi Government International Bond 3.625%, 03/04/2028(a)			370		402,722
3.75%, 01/21/2055(a)			970		1,037,597
					1,440,319
United Arab Emirates – 0.0%
Abu Dhabi Government International Bond 1.875%, 09/15/2031(a)			1,180		1,163,775
Uruguay – 0.0%
Uruguay Government International Bond 4.375%, 01/23/2031			430		494,984
Total Governments - Sovereign Bonds (cost $95,890,862)					93,471,775
GOVERNMENTS - SOVEREIGN AGENCIES – 0.7%
Canada – 0.5%
Canada Housing Trust No. 1 2.10%, 09/15/2029(a)		CAD	30,025		24,367,919
2.35%, 06/15/2027(a)			14,610		11,996,092
					36,364,011
Japan – 0.2%
Development Bank of Japan, Inc. Series G 0.01%, 10/15/2024(a)		EUR	7,071		8,077,177
0.875%, 10/10/2025(a)			5,600		6,573,257
					14,650,434
Total Governments - Sovereign Agencies (cost $51,942,962)					51,014,445
EMERGING MARKETS - SOVEREIGNS – 0.7%
Bahrain – 0.2%
Bahrain Government International Bond 5.625%, 09/30/2031(a)		U.S.$	10,517		10,325,065
7.375%, 05/14/2030(a)			1,132		1,256,025
					11,581,090

40

	Principal Amount (000)			U.S. $ Value
Egypt – 0.1%
Egypt Government International Bond 5.875%, 02/16/2031(a) (d)		U.S.$	2,862	$	2,533,442
7.30%, 09/30/2033(a)			6,177		5,675,428
					8,208,870
Ivory Coast – 0.1%
Ivory Coast Government International Bond 4.875%, 01/30/2032(a)		EUR	3,350		3,670,474
5.875%, 10/17/2031(a)			4,855		5,671,821
					9,342,295
Nigeria – 0.1%
Nigeria Government International Bond 6.125%, 09/28/2028(a)		U.S.$	6,578		6,332,558
Senegal – 0.2%
Senegal Government International Bond 6.25%, 05/23/2033(a)			13,215		13,545,375
Total Emerging Markets - Sovereigns (cost $50,185,846)					49,010,188
EMERGING MARKETS - CORPORATE BONDS – 0.7%
Industrial – 0.7%
Basic – 0.3%
Braskem Idesa SAPI 6.99%, 02/20/2032(a)			4,279		4,299,058
Cia de Minas Buenaventura SAA 5.50%, 07/23/2026(a)			4,883		4,757,263
CSN Resources SA 4.625%, 06/10/2031(a)			6,776		6,449,058
Volcan Cia Minera SAA 4.375%, 02/11/2026(a)			1,952		1,883,436
					17,388,815
Capital Goods – 0.3%
Cemex SAB de CV 5.45%, 11/19/2029(a)			9,430		10,115,443
Embraer Netherlands Finance BV 5.40%, 02/01/2027			5,972		6,222,078
6.95%, 01/17/2028(a)			3,805		4,217,129
Odebrecht Holdco Finance Ltd. Zero Coupon, 09/10/2058(a)			9,813		52,008
					20,606,658
Communications - Media – 0.0%
Globo Comunicacao e Participacoes SA 4.875%, 01/22/2030(a)			879		853,619

41

	Principal Amount (000)			U.S. $ Value
Consumer Non-Cyclical – 0.0%
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018(g) (h) (i) (j)		U.S.$	4,300	$	0
Energy – 0.1%
Leviathan Bond Ltd. 6.125%, 06/30/2025(a)			3,835		4,048,575
Services – 0.0%
MercadoLibre, Inc. 3.125%, 01/14/2031			367		347,343
Transportation - Services – 0.0%
InPost SA 2.25%, 07/15/2027(a)		EUR	1,586		1,765,172
					45,010,182
Utility – 0.0%
Electric – 0.0%
Terraform Global Operating LLC 6.125%, 03/01/2026(h)		U.S.$	1,155		1,180,033
Financial Institutions – 0.0%
Other Finance – 0.0%
OEC Finance Ltd. 4.375%, 10/25/2029(a) (k)			4,827		205,896
5.25%, 12/27/2033(a) (k)			1,562		69,369
7.125%, 12/26/2046(a) (k)			2,185		98,001
					373,266
Total Emerging Markets - Corporate Bonds (cost $64,075,014)					46,563,481
	Shares
COMMON STOCKS – 0.3%
Financials – 0.3%
Insurance – 0.3%
Mt. Logan Re Ltd. (Preference Shares)(f) (g) (j) (l)			17,097		18,059,621
Energy – 0.0%
Oil, Gas & Consumable Fuels – 0.0%
Golden Energy Offshore Services AS(j)			3,089,816		263,141
SandRidge Energy, Inc.(j)			4,459		46,641
					309,782
Total Common Stocks (cost $22,782,272)					18,369,403

42

	Principal Amount (000)			U.S. $ Value
LOCAL GOVERNMENTS - REGIONAL BONDS – 0.2%
Japan – 0.2%
Japan Finance Organization for Municipalities Series G 0.05%, 02/12/2027(a) (cost $17,493,588)		EUR	14,522	$	16,481,536
BANK LOANS – 0.2%
Industrial – 0.2%
Consumer Cyclical - Restaurants – 0.0%
IRB Holding Corp. 3.75% (LIBOR 3 Month + 2.75%), 02/05/2025(m)		U.S.$	1,211		1,207,887
Consumer Non-Cyclical – 0.1%
LifePoint Health, Inc. (fka Regionalcare Hospital Partners Holdings, Inc.) 3.852% (LIBOR 1 Month + 3.75%), 11/16/2025(m)			5,087		5,077,325
Technology – 0.1%
athenahealth, Inc. 4.40% (LIBOR 3 Month + 4.25%), 02/11/2026(m)			9,364		9,354,556
Total Bank Loans (cost $15,469,117)					15,639,768
ASSET-BACKED SECURITIES – 0.2%
Other ABS - Fixed Rate – 0.2%
Nelnet Student Loan Trust Series 2021-CA, Class B 2.53%, 04/20/2062(a)			8,191		8,027,323
SBA Tower Trust Series 2014-2A, Class C 3.869%, 10/15/2049(a)			3,008		3,114,441
SoFi Consumer Loan Program Trust Series 2018-1, Class B 3.65%, 02/25/2027(a)			1,353		1,361,147
Total Asset-Backed Securities (cost $12,550,104)					12,502,911
COVERED BONDS – 0.1%
DNB Boligkreditt AS 0.625%, 06/19/2025(a) (cost $5,408,922)		EUR	4,436		5,181,342
	Shares
WARRANTS – 0.0%
Encore Automotive Acceptance, expiring 07/05/2031(f) (g) (j)			27		0
Flexpath Capital, Inc., expiring 04/15/2031(f) (g) (j)			42,267		0
SandRidge Energy, Inc., A-CW22, expiring 10/04/2022(j)			3,861		77

43

Company	Shares			U.S. $ Value
SandRidge Energy, Inc., B-CW22, expiring 10/04/2022(j)			1,625	$	38
Total Warrants (cost $27,079)					115
	Principal Amount (000)
SHORT-TERM INVESTMENTS – 4.5%
Governments - Treasuries – 3.3%
Japan – 3.3%
Japan Treasury Discount Bill Series 1035 Zero Coupon, 02/14/2022 (cost $233,783,185)		JPY	26,629,450		231,530,951
	Shares
Investment Companies – 1.1%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(n) (o) (p) (cost $79,100,536)			79,100,536		79,100,536
	Principal Amount (000)
Time Deposits – 0.1%
Bank of Montreal, London 0.01%, 01/03/2022		U.S.$	6,658		6,658,466
Citibank, London (0.97)%, 01/03/2022		EUR	1,802		2,051,056
Total Time Deposits (cost $8,709,522)					8,709,522
Total Short-Term Investments (cost $321,593,243)					319,341,009
Total Investments – 100.6% (cost $7,148,555,490)(q)					7,065,350,626
Other assets less liabilities – (0.6)%					(40,975,159	)
Net Assets – 100.0%				$	7,024,375,467

44

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
Euro-Bund Futures		593		March 2022		$	115,697,113		$	(2,126,661	)
U.S. 10 Yr Ultra Futures		209		March 2022			30,605,438			436,164
U.S. Long Bond (CBT) Futures		52		March 2022			8,342,750			136,906
U.S. T-Note 2 Yr (CBT) Futures		735		March 2022			160,356,329			(125,663	)
U.S. T-Note 10 Yr (CBT) Futures		14		March 2022			1,826,563			21,031
U.S. Ultra Bond (CBT) Futures		197		March 2022			38,833,625			972,688
Sold Contracts
Canadian 10 Yr Bond Futures		694		March 2022			78,246,792			(1,502,621	)
Euro-BOBL Futures		2,180		March 2022			330,692,351			2,867,289
Long Gilt Futures		128		March 2022			21,639,474			93,233
U.S. T-Note 5 Yr (CBT) Futures		41		March 2022			4,960,039			8
									$	772,374

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Australia and New Zealand Banking Group Ltd.		EUR	2,981		USD	3,462		02/10/2022		$	66,041
Australia and New Zealand Banking Group Ltd.		USD	3,686		EUR	3,269		02/10/2022			38,545
Bank of America, NA		USD	19,794		MXN	406,122		01/13/2022			11,120
Bank of America, NA		GBP	1,973		USD	2,607		01/14/2022			(63,704	)
Bank of America, NA		CAD	4,409		USD	3,488		02/10/2022			2,133
Bank of America, NA		USD	12,072		EUR	10,654		02/10/2022			65,975
Barclays Bank PLC		INR	5,218,492		USD	68,853		01/07/2022			(1,259,478	)
Barclays Bank PLC		USD	2,852		EUR	2,525		02/10/2022			24,973
BNP Paribas SA		USD	65,832		GBP	49,048		01/14/2022			555,400
BNP Paribas SA		USD	68,460		NZD	98,750		01/20/2022			(840,209	)
BNP Paribas SA		USD	5,840		COP	22,892,846		01/21/2022			(221,699	)
BNP Paribas SA		ZAR	1,596,158		USD	97,730		01/25/2022			(2,130,631	)
Brown Brothers Harriman & Co.		GBP	476		USD	631		01/14/2022			(13,475	)
Brown Brothers Harriman & Co.		EUR	8,687		USD	10,076		02/10/2022			178,469
Brown Brothers Harriman & Co.		THB	675,325		USD	20,043		03/10/2022			(167,379	)
Citibank, NA		USD	8,442		COP	32,922,373		01/21/2022			(361,360	)
Citibank, NA		USD	69,705		IDR	1,004,002,206		01/27/2022			841,480
Citibank, NA		USD	68,686		EUR	59,864		02/10/2022			(479,316	)
Deutsche Bank AG		USD	4,360		EUR	3,844		02/10/2022			19,245
Goldman Sachs Bank USA		CHF	65,734		USD	71,645		01/13/2022			(510,883	)
Goldman Sachs Bank USA		MXN	1,443,894		USD	65,938		01/13/2022			(4,475,453	)
Goldman Sachs Bank USA		NOK	613,534		USD	73,592		01/20/2022			3,944,655
Goldman Sachs Bank USA		NZD	98,191		USD	69,937		01/20/2022			2,699,601
Goldman Sachs Bank USA		USD	101,126		ZAR	1,610,502		01/25/2022			(368,210	)
Goldman Sachs Bank USA		USD	13,799		EUR	12,214		02/10/2022			117,743
Goldman Sachs Bank USA		MYR	120,125		USD	28,298		06/16/2022			(359,674	)
HSBC Bank USA		USD	69,754		INR	5,230,664		01/07/2022			522,191
HSBC Bank USA		USD	10,541		MXN	217,083		01/13/2022			45,654
HSBC Bank USA		TWD	1,956,160		USD	69,995		01/20/2022			(650,901	)
HSBC Bank USA		USD	71,071		TWD	1,965,345		01/20/2022			(93,848	)
HSBC Bank USA		IDR	1,014,271,398		USD	70,338		01/27/2022			(930,664	)
HSBC Bank USA		AUD	46,510		USD	34,188		02/08/2022			345,167
HSBC Bank USA		JPY	105,403,485		USD	925,591		02/09/2022			9,017,170
HSBC Bank USA		EUR	630,363		USD	729,217		02/10/2022			11,009,449
JPMorgan Chase Bank, NA		USD	71,445		NOK	611,538		01/20/2022			(2,024,539	)
JPMorgan Chase Bank, NA		USD	9,604		COP	37,522,400		01/21/2022			(395,031	)
JPMorgan Chase Bank, NA		EUR	90,130		USD	102,840		02/10/2022			149,719
Morgan Stanley Capital Services LLC		USD	42,210		MXN	867,479		01/13/2022			94,268
Morgan Stanley Capital Services LLC		USD	70,430		TWD	1,971,335		01/20/2022			763,559
Morgan Stanley Capital Services LLC		AUD	364,286		USD	269,158		02/08/2022			4,093,920
Morgan Stanley Capital Services LLC		AUD	38,188		USD	27,679		02/08/2022			(107,788	)

45

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Morgan Stanley Capital Services LLC		JPY	4,778,891		USD	41,708		02/09/2022		$	151,032
Morgan Stanley Capital Services LLC		CAD	169,265		USD	134,477		02/10/2022			671,489
Morgan Stanley Capital Services LLC		EUR	734,768		USD	828,417		02/10/2022			(8,745,212	)
Morgan Stanley Capital Services LLC		USD	5,455		EUR	4,825		02/10/2022			43,092
Royal Bank of Scotland PLC		MXN	1,502,997		USD	73,607		01/13/2022			310,511
Royal Bank of Scotland PLC		EUR	16,449		USD	18,532		02/10/2022			(208,777	)
Standard Chartered Bank		EUR	19,670		USD	22,850		02/10/2022			439,375
Standard Chartered Bank		EUR	28,872		USD	32,756		02/10/2022			(139,308	)
Standard Chartered Bank		USD	6,550		EUR	5,746		02/10/2022			(3,230	)
UBS AG		USD	71,261		CHF	65,850		01/13/2022			1,023,829
UBS AG		USD	69,564		MXN	1,469,472		01/13/2022			2,097,527
UBS AG		GBP	129,146		USD	175,216		01/14/2022			413,680
UBS AG		TWD	1,972,202		USD	70,712		01/20/2022			(512,524	)
UBS AG		COP	95,960,972		USD	24,867		01/21/2022			1,314,700
UBS AG		USD	9,629		CAD	12,226		02/10/2022			35,274
UBS AG		USD	16,334		EUR	14,466		02/10/2022			148,506
UBS AG		USD	48,858		EUR	42,047		02/10/2022			(951,364	)
UBS AG		CNH	3,439,231		USD	536,332		02/17/2022			(3,057,594	)
										$	12,183,241

CENTRALLY CLEARED CREDIT DEFAULT SWAPS

Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2021		Notional Amount (000)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Buy Contracts
iTraxx Xover Series 36, 5 Year Index, 12/20/2026*		(5.00	)%		Quarterly		2.42%		EUR	83,780	$	(11,417,757	)	$	(9,948,635	)	$	(1,469,122	)

* Termination date

CENTRALLY CLEARED INTEREST RATE SWAPS

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
NZD	43,642	11/01/2024	3 Month BKBM	2.580%	Quarterly/ Semi-Annual	$	246,389		$	—	$	246,389
NZD	116,738	11/02/2024	3 Month BKBM	2.503%	Quarterly/ Semi-Annual		472,834			—		472,834
USD	600	01/30/2027	2.459%	3 Month LIBOR	Semi-Annual/ Quarterly		(38,522	)		—		(38,522	)
USD	150	05/05/2045	3 Month LIBOR	2.566%	Quarterly/ Semi-Annual		24,568			1		24,567

46

			Rate Type
Notional Amount (000)		Termination Date	Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/ Received	Market Value			Upfront Premiums Paid/ (Received)		Unrealized Appreciation/ (Depreciation)
USD	100	07/16/2045	3 Month LIBOR	3.019%	Quarterly/ Semi-Annual	$	26,511		$	9,466	$	17,045
EUR	45,250	09/30/2050	0.122%	6 Month EURIBOR	Annual/ Semi-Annual		5,139,111			—		5,139,111
EUR	45,250	09/30/2050	6 Month EURIBOR	(0.017)%	Semi-Annual/ Annual		(7,116,853	)		—		(7,116,853	)
EUR	45,740	11/10/2050	0.022%	6 Month EURIBOR	Annual/ Semi-Annual		6,676,892			357,072		6,319,820
EUR	45,740	11/10/2050	6 Month EURIBOR	(0.043)%	Semi-Annual/ Annual		(7,614,636	)		—		(7,614,636	)
						$	(2,183,706	)	$	366,539	$	(2,550,245	)

CREDIT DEFAULT SWAPS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency	Implied Credit Spread at December 31, 2021	Notional Amount (000)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Sale Contracts
Citigroup Global Markets, Inc.
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%	Monthly	10.00%		USD	1,087	$	(303,604	)	$	(116,435	)	$	(187,169	)
Credit Suisse International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	10.00		USD	2,922		(816,459	)		(159,547	)		(656,912	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	10.00		USD	4,995		(1,395,657	)		(683,455	)		(712,202	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	10.00		USD	6,494		(1,814,354	)		(887,451	)		(926,903	)
Deutsche Bank AG
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	10.00		USD	53		(14,790	)		(3,513	)		(11,277	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00		Monthly	10.00		USD	617		(172,452	)		(65,342	)		(107,110	)

47

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at December 31, 2021		Notional Amount (000)			Market Value			Upfront Premiums Paid/ (Received)			Unrealized Appreciation/ (Depreciation)
Goldman Sachs International
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00	%		Monthly		10.00%		USD	244	$	(68,088	)	$	(25,089	)	$	(42,999	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	279		(77,878	)		(23,815	)		(54,063	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	563		(157,430	)		(62,972	)		(94,458	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	557		(155,755	)		(52,495	)		(103,260	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	556		(155,476	)		(48,425	)		(107,051	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	574		(160,500	)		(46,242	)		(114,258	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	978		(273,188	)		(99,941	)		(173,247	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	1,259		(351,705	)		(70,975	)		(280,730	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	1,610		(449,546	)		(165,559	)		(283,987	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	1,519		(424,280	)		(109,887	)		(314,393	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	2,707		(756,167	)		(152,598	)		(603,569	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	3,343		(933,973	)		(275,394	)		(658,579	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	4,995		(1,395,657	)		(377,551	)		(1,018,106	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	9,991		(2,791,313	)		(731,048	)		(2,060,265	)
CDX-CMBX.NA.BBB- Series 6, 05/11/2063*		3.00			Monthly		10.00		USD	9,991		(2,791,313	)		(722,936	)		(2,068,377	)
											$	(15,459,585	)	$	(4,880,670	)	$	(10,578,915	)

* Termination date

48

REVERSE REPURCHASE AGREEMENTS

Broker	Currency		Principal Amount (000)		Interest Rate			Maturity		U.S. $ Value at December 31, 2021
Credit Suisse Securities (USA)†		EUR		9,038		(1.25	)%*		-	$	10,288,871
Credit Suisse Securities (USA)†		USD		2,585		(0.15	)%*		-		2,585,226
Credit Suisse Securities (USA)†		USD		2,376		(0.50	)%*		-		2,375,682
										$	15,249,779

† The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on December 31, 2021.

* Interest payment due from counterparty.

The type of underlying collateral and the remaining maturity of open reverse repurchase agreements is as follows:

	Overnight and Continuous		Up to 30 Days		31-90 Days		Greater than 90 Days		Total
Corporates - Non-Investment Grade	$	10,288,871	$	0	$	0	$	0	$	10,288,871
Corporates - Investment Grade		2,375,682		0		0		0		2,375,682
Emerging Markets - Sovereigns		2,585,226		0		0		0		2,585,226
Total	$	15,249,779	$	0	$	0	$	0	$	15,249,779

(a) 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 December 31, 2021, the aggregate market value of these securities amounted to $2,962,321,481 or 42.2% of net assets.

(b) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding.

(c) Securities are perpetual and, thus, do not have a predetermined maturity date. The date shown, if applicable, reflects the next call date.

(d) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements.

(e) Floating Rate Security. Stated interest/floor/ceiling rate was in effect at December 31, 2021.

(f) Fair valued by the Adviser.

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

(h) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities, which represent 0.05% of net assets as of December 31, 2021, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities	Acquisition Date		Cost		Market Value		Percentage of Net Assets
JPMorgan Madison Avenue Securities Trust Series 2015-CH1, Class M2 5.603%, 10/25/2025		09/18/2015	$	2,012,337	$	2,030,277	0.03%
Morgan Stanley Capital I Trust Series 2015-XLF2, Class SNMD 1.844%, 11/15/2026		11/13/2015		5,554,227		74,812	0.00%
Terraform Global Operating LLC 6.125%, 03/01/2026		02/08/2018		1,155,000		1,180,033	0.02%
Virgolino de Oliveira Finance SA 10.50%, 01/28/2018		06/18/2013 - 09/23/2014		3,886,876		0	0.00%

(i) Defaulted matured security.

(j) Non-income producing security.

(k) Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at December 31, 2021.

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(l) Restricted and illiquid security.

Restricted & Illiquid Securities	Acquisition Date		Cost		Market Value		Percentage of Net Assets
Mt. Logan Re Ltd. (Preference Shares)		12/30/2014	$	17,097,070	$	18,059,621	0.26%

(m) The stated coupon rate represents the greater of the LIBOR or the LIBOR floor rate plus a spread at December 31, 2021.

(n) 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.

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

(p) Affiliated investments.

(q) As of December 31, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $175,653,582 and gross unrealized depreciation of investments was $(260,501,113), resulting in net unrealized depreciation of $(84,847,531).

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

CNH – Chinese Yuan Renminbi (Offshore)

CNY – Chinese Yuan Renminbi

COP – Colombian Peso

EUR – Euro

GBP – Great British Pound

IDR – Indonesian Rupiah

INR – Indian Rupee

JPY – Japanese Yen

MXN – Mexican Peso

MYR – Malaysian Ringgit

NOK – Norwegian Krone

NZD – New Zealand Dollar

THB – Thailand Baht

TWD – New Taiwan Dollar

USD – United States Dollar

ZAR – South African Rand

Glossary:

ABS – Asset-Backed Securities

BKBM – Bank Bill Benchmark (New Zealand)

BOBL – Bundesobligationen

CBT – Chicago Board of Trade

CDX-CMBX.NA – North American Commercial Mortgage-Backed Index

CLO – Collateralized Loan Obligations

CMBS – Commercial Mortgage-Backed Securities

EURIBOR – Euro Interbank Offered Rate

JSC – Joint Stock Company

LIBOR – London Interbank Offered Rate

PJSC – Public Joint Stock Company

REIT – Real Estate Investment Trust

SOFR – Secured Overnight Financing Rate

TBA – To Be Announced

TIPS – Treasury Inflation Protected Security

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COUNTRY BREAKDOWN¹

December 31, 2021 (unaudited)

43.1	%	United States
10.9	%	Japan
8.0	%	China
6.0	%	Italy
4.7	%	Australia
4.4	%	Germany
4.0	%	United Kingdom
2.8	%	Spain
1.9	%	Canada
1.4	%	France
1.0	%	Mexico
0.7	%	Netherlands
0.5	%	Switzerland
6.1	%	Other
4.5	%	Short-Term
100.0	%	Total Investments

1 All data are as of December 31, 2021. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. The Fund also enters into derivative transactions, which may be used for hedging or other investment purposes (see “Portfolio of Investments” section of the report for additional details). “Other” country weightings represent 0.5% or less in the following: Argentina, Austria, Bahrain, Brazil, Chile, Colombia, Denmark, Egypt, Finland, Hong Kong, Hungary, India, Indonesia, Ireland, Israel, Ivory Coast, Kazakhstan, Kuwait, Luxembourg, Malaysia, New Zealand, Nigeria, Norway, Panama, Peru, Philippines, Poland, Portugal, Qatar, Romania, Russia, Saudi Arabia, Senegal, Singapore, South Africa, South Korea, Sweden, Thailand, United Arab Emirates and Uruguay.

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AB Global Bond Fund

December 31, 2021 (unaudited)

In accordance with U.S. GAAP regarding fair value measurements, fair value is defined as the price that the Fund would receive to sell an asset or pay to transfer a liability in an orderly transaction between market participants at the measurement date. U.S. GAAP establishes a framework for measuring fair value, and a three-level hierarchy for fair value measurements based upon the transparency of inputs to the valuation of an asset or liability (including those valued based on their market values). Inputs may be observable or unobservable and refer broadly to the assumptions that market participants would use in pricing the asset or liability. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability based on market data obtained from sources independent of the Fund. Unobservable inputs reflect the Fund’s own assumptions about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

• Level 1 - quoted prices in active markets for identical investments

• Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.)

• Level 3 - significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

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 are 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.

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, 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.

Valuations of mortgage-backed or other asset-backed securities, by pricing vendors, are based on both proprietary and industry recognized models and discounted cash flow techniques. Significant inputs to the valuation of these instruments are value of the collateral, the rates and timing of delinquencies, the rates and timing of prepayments, and default and loss expectations, which are driven in part by housing prices for residential mortgages. Significant inputs are determined based on relative value analyses, which incorporate comparisons to instruments with similar collateral and risk profiles, including relevant indices. Mortgage and asset-backed securities for which management has collected current observable data through pricing services are generally categorized within Level 2. Those investments for which current observable data has not been provided are classified as Level 3.

Bank loan prices are provided by third party pricing services and consist of a composite of the quotes received by the vendor into a consensus price. Certain bank loans are classified as Level 3, as a significant input used in the fair value measurement of these instruments is the market quotes that are received by the vendor and these inputs are not observable.

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.

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The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of December 31, 2021:

Investments in Securities	Level 1			Level 2			Level 3			Total
Assets:
Governments - Treasuries	$	-0-		$	3,252,296,641		$	-0-		$	3,252,296,641
Corporates - Investment Grade		-0-			1,459,140,163			-0-			1,459,140,163
Corporates - Non-Investment Grade		-0-			475,180,448			7,787,701			482,968,149
Collateralized Mortgage Obligations		-0-			303,987,176			-0-			303,987,176
Mortgage Pass-Throughs		-0-			280,329,906			-0-			280,329,906
Quasi-Sovereigns		-0-			277,363,095			-0-			277,363,095
Inflation-Linked Securities		-0-			137,702,668			-0-			137,702,668
Collateralized Loan Obligations		-0-			135,700,344			-0-			135,700,344
Commercial Mortgage-Backed Securities		-0-			108,286,511			-0-			108,286,511
Governments - Sovereign Bonds		-0-			93,471,775			-0-			93,471,775
Governments - Sovereign Agencies		-0-			51,014,445			-0-			51,014,445
Emerging Markets - Sovereigns		-0-			49,010,188			-0-			49,010,188
Emerging Markets - Corporate Bonds		-0-			46,563,481			0	#		46,563,481
Common Stocks		309,782			-0-			18,059,621			18,369,403
Local Governments - Regional Bonds		-0-			16,481,536			-0-			16,481,536
Bank Loans		-0-			15,639,768			-0-			15,639,768
Asset-Backed Securities		-0-			12,502,911			-0-			12,502,911
Covered Bonds		-0-			5,181,342			-0-			5,181,342
Warrants		115			-0-			0	#		115
Short-Term Investments:
Governments - Treasuries		-0-			231,530,951			-0-			231,530,951
Investment Companies		79,100,536			-0-			-0-			79,100,536
Time Deposits		-0-			8,709,522			-0-			8,709,522
Total Investments in Securities		79,410,433			6,960,092,871			25,847,322			7,065,350,626
Other Financial Instruments*:
Assets
Futures		4,527,319			-0-			-0-			4,527,319
Forward Currency Exchange Contracts		-0-			41,255,492			-0-			41,255,492
Centrally Cleared Interest Rate Swaps		-0-			12,586,305			-0-			12,586,305
Liabilities
Futures		(3,754,945	)		-0-			-0-			(3,754,945	)
Forward Currency Exchange Contracts		-0-			(29,072,251	)		-0-			(29,072,251	)
Centrally Cleared Credit Default Swaps		-0-			(11,417,757	)		-0-			(11,417,757	)
Centrally Cleared Interest Rate Swaps		-0-			(14,770,011	)		-0-			(14,770,011	)
Credit Default Swaps		-0-			(15,459,585	)		-0-			(15,459,585	)
Reverse Repurchase Agreements		(15,249,779	)		-0-			-0-			(15,249,779	)
Total	$	64,933,028		$	6,943,215,064		$	25,847,322		$	7,033,995,414

# The Fund held securities with zero market value at period end.

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

A summary of the Fund’s transactions in AB mutual funds for the three months ended December 31, 2021 is as follows:

Fund	Market Value 9/30/21 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 12/31/21 (000)		Dividend Income (000)
Government Money Market Portfolio	$	66,333	$	744,288	$	731,520	$	79,101	$	3

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