0001752724-22-093322.txt : 20220426 0001752724-22-093322.hdr.sgml : 20220426 20220426152845 ACCESSION NUMBER: 0001752724-22-093322 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220426 PERIOD START: 20221130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AB CORE OPPORTUNITIES FUND, INC. CENTRAL INDEX KEY: 0001090504 IRS NUMBER: 000000000 FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-09687 FILM NUMBER: 22853904 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129692124 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN CORE OPPORTUNITIES FUND, INC. DATE OF NAME CHANGE: 20100301 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN FOCUSED GROWTH & INCOME FUND INC DATE OF NAME CHANGE: 20041215 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN DISCIPLINED VALUE FUND INC DATE OF NAME CHANGE: 19990714 0001090504 S000009999 AB CORE OPPORTUNITIES FUND, INC. C000027654 Class A ADGAX C000027656 Class C ADGCX C000027657 Class R ADGRX C000027658 Class K ADGKX C000027659 Class I ADGIX C000088731 Advisor Class ADGYX C000135447 Class Z ADGZX NPORT-P 1 primary_doc.xml NPORT-P false 0001090504 XXXXXXXX S000009999 C000027656 C000027654 C000027659 C000027658 C000088731 C000135447 C000027657 AB CORE OPPORTUNITIES FUND, INC. 811-09687 0001090504 549300LTVDJ6CA32D646 ALLIANCEBERNSTEIN LP 1345 AVENUE OF THE AMERICAS NEW YORK 10105 212-969-1000 AB CORE OPPORTUNITIES FUND, INC. S000009999 549300LTVDJ6CA32D646 2022-11-30 2022-02-28 N 198289031.57 1997699.59 196291331.98 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N EPAM Systems Inc 549300XCR4R530HJP604 EPAM Systems Inc 29414B104 4450.00000000 NS USD 924487.50000000 0.470977241162 Long EC CORP US N 1 N N N Zebra Technologies Corp PO0I32GKZ3HZMMDPZZ08 Zebra Technologies Corp 989207105 4170.00000000 NS USD 1723627.80000000 0.878096746613 Long EC CORP US N 1 N N N Vertex Pharmaceuticals Inc 54930015RAQRRZ5ZGJ91 Vertex Pharmaceuticals Inc 92532F100 20980.00000000 NS USD 4825819.60000000 2.458498575215 Long EC CORP US N 1 N N N Altra Industrial Motion Corp NQ0NIXPGW4YKG4MWM571 Altra Industrial Motion Corp 02208R106 19125.00000000 NS USD 812238.75000000 0.413792469492 Long EC CORP US N 1 N N N UnitedHealth Group Inc 549300GHBMY8T5GXDE41 UnitedHealth Group Inc 91324P102 18956.00000000 NS USD 9020591.72000000 4.595512001986 Long EC CORP US N 1 N N N PerkinElmer Inc 549300IKL1SDPFI7N655 PerkinElmer Inc 714046109 24030.00000000 NS USD 4316028.30000000 2.198787005245 Long EC CORP US N 1 N N N DR Horton Inc 529900ZIUEYVSB8QDD25 DR Horton Inc 23331A109 38240.00000000 NS USD 3265696.00000000 1.663698527621 Long EC CORP US N 1 N N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 4546093.69000000 NS USD 4546093.69000000 2.315993092585 Long STIV RF US N 1 N N N EOG Resources Inc XWTZDRYZPBUHIQBKDB46 EOG Resources Inc 26875P101 14940.00000000 NS USD 1716904.80000000 0.874671735466 Long EC CORP US N 1 N N N Comcast Corp 51M0QTTNCGUN7KFCFZ59 Comcast Corp 20030N101 76104.00000000 NS USD 3558623.04000000 1.812929284295 Long EC CORP US N 1 N N N FleetCor Technologies Inc 549300DG6RR0NQSFLN74 FleetCor Technologies Inc 339041105 15260.00000000 NS USD 3573892.00000000 1.820708007811 Long EC CORP US N 1 N N N Manhattan Associates Inc 529900Q1GJP7KD52SW51 Manhattan Associates Inc 562750109 21936.00000000 NS USD 2932404.48000000 1.493904213915 Long EC CORP US N 1 N N N Maximus Inc 549300DQCDS8HJ7QF202 Maximus Inc 577933104 34689.00000000 NS USD 2735574.54000000 1.393629821758 Long EC CORP US N 1 N N N Visa Inc 549300JZ4OKEHW3DPJ59 Visa Inc 92826C839 25338.00000000 NS USD 5476048.56000000 2.789755668150 Long EC CORP US N 1 N N N Zoetis Inc 549300HD9Q1LOC9KLJ48 Zoetis Inc 98978V103 19800.00000000 NS USD 3834270.00000000 1.953356758713 Long EC CORP US N 1 N N N Leidos Holdings Inc 549300IUTGTP6EJP8124 Leidos Holdings Inc 525327102 12480.00000000 NS USD 1270963.20000000 0.647488193788 Long EC CORP US N 1 N N N CBRE Group Inc 52990016II9MJ2OSWA10 CBRE Group Inc 12504L109 44920.00000000 NS USD 4350502.00000000 2.216349522985 Long EC CORP US N 1 N N N Microsoft Corp INR2EJN1ERAN0W5ZP974 Microsoft Corp 594918104 40950.00000000 NS USD 12235450.50000000 6.233311668212 Long EC CORP US N 1 N N N Adobe Inc FU4LY2G4933NH2E1CP29 Adobe Inc 00724F101 5243.00000000 NS USD 2452046.24000000 1.249187223534 Long EC CORP US N 1 N N N Hubbell Inc 54930088VDQ6840Y6597 Hubbell Inc 443510607 4009.00000000 NS USD 714604.25000000 0.364052881394 Long EC CORP US N 1 N N N Alphabet Inc 5493006MHB84DD0ZWV18 Alphabet Inc 02079K107 4217.00000000 NS USD 11376706.94000000 5.795827469935 Long EC CORP US N 1 N N N Helmerich & Payne Inc 254900NAOGHJ88RZ4C73 Helmerich & Payne Inc 423452101 44513.00000000 NS USD 1612705.99000000 0.821587980341 Long EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 Walmart Inc 931142103 28330.00000000 NS USD 3829082.80000000 1.950714156033 Long EC CORP US N 1 N N N Etsy Inc 54930089Q7XT501AEA40 Etsy Inc 29786A106 4220.00000000 NS USD 653635.80000000 0.332992696828 Long EC CORP US N 1 N N N Steel Dynamics Inc 549300HGGKEL4FYTTQ83 Steel Dynamics Inc 858119100 18660.00000000 NS USD 1317022.80000000 0.670953111742 Long EC CORP US N 1 N N N Berkshire Hathaway Inc 5493000C01ZX7D35SD85 Berkshire Hathaway Inc 084670702 15970.00000000 NS USD 5133556.50000000 2.615274168358 Long EC CORP US N 1 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG 771195104 103810.00000000 NS USD 4902946.30000000 2.497790529283 Long EC CORP CH N 1 N N N Amgen Inc 62QBXGPJ34PQ72Z12S66 Amgen Inc 031162100 19070.00000000 NS USD 4318973.60000000 2.200287479041 Long EC CORP US N 1 N N N IPG Photonics Corp 5493002KZ51CADQ94G15 IPG Photonics Corp 44980X109 5443.00000000 NS USD 709495.05000000 0.361450015567 Long EC CORP US N 1 N N N Entegris Inc IYX6OWO7BT5DKO3BYG52 Entegris Inc 29362U104 22111.00000000 NS USD 2885043.28000000 1.469776199946 Long EC CORP US N 1 N N N Home Depot Inc/The QEKMOTMBBKA8I816DO57 Home Depot Inc/The 437076102 10630.00000000 NS USD 3357272.90000000 1.710352090504 Long EC CORP US N 1 N N N Knight-Swift Transportation Holdings Inc N/A Knight-Swift Transportation Holdings Inc 499049104 76860.00000000 NS USD 4187332.80000000 2.133223488659 Long EC CORP US N 1 N N N Arista Networks Inc 635400H1WKBLOQERUU95 Arista Networks Inc 040413106 27110.00000000 NS USD 3327210.30000000 1.695036793748 Long EC CORP US N 1 N N N Goldman Sachs Group Inc/The 784F5XWPLTWKTBV3E584 Goldman Sachs Group Inc/The 38141G104 16920.00000000 NS USD 5774626.80000000 2.941865410841 Long EC CORP US N 1 N N N Ciena Corp W0CZ7N0GH8UIGXDM1H41 Ciena Corp 171779309 44830.00000000 NS USD 3067268.60000000 1.562610314505 Long EC CORP US N 1 N N N F5 Inc 54930015FPK9KT966303 F5 Inc 315616102 7603.00000000 NS USD 1527062.55000000 0.777957199941 Long EC CORP US N 1 N N N Meta Platforms Inc BQ4BKCS1HXDV9HN80Z93 Meta Platforms Inc 30303M102 6560.00000000 NS USD 1384356.80000000 0.705256205679 Long EC CORP US N 1 N N N Verizon Communications Inc 2S72QS2UO2OESLG6Y829 Verizon Communications Inc 92343V104 82260.00000000 NS USD 4414894.20000000 2.249153926190 Long EC CORP US N 1 N N N Raytheon Technologies Corp I07WOS4YJ0N7YRFE7309 Raytheon Technologies Corp 75513E101 48834.00000000 NS USD 5015251.80000000 2.555004212061 Long EC CORP US N 1 N N N LKQ Corp DS830JTTZQN6GK0I2E41 LKQ Corp 501889208 99010.00000000 NS USD 4648519.50000000 2.368173598451 Long EC CORP US N 1 N N N MKS Instruments Inc 549300KEQATBHAGVF505 MKS Instruments Inc 55306N104 12350.00000000 NS USD 1859910.00000000 0.947525283586 Long EC CORP US N 1 N N N Emerson Electric Co FGLT0EWZSUIRRITFOA30 Emerson Electric Co 291011104 41426.00000000 NS USD 3849303.92000000 1.961015741842 Long EC CORP US N 1 N N N Ulta Beauty Inc 529900CIV6HN8M28YM82 Ulta Beauty Inc 90384S303 4640.00000000 NS USD 1737680.00000000 0.885255595584 Long EC CORP US N 1 N N N QUALCOMM Inc H1J8DDZKZP6H7RWC0H53 QUALCOMM Inc 747525103 43362.00000000 NS USD 7457830.38000000 3.799368166068 Long EC CORP US N 1 N N N Textron Inc 3PPKBHUG1HD6BO7RNR87 Textron Inc 883203101 57673.00000000 NS USD 4217626.49000000 2.148656513487 Long EC CORP US N 1 N N N Lam Research Corp 549300I4GMO6D34U1T02 Lam Research Corp 512807108 2950.00000000 NS USD 1655982.50000000 0.843635061872 Long EC CORP US N 1 N N N Bio-Rad Laboratories Inc 549300ZC1GPV35XYDK53 Bio-Rad Laboratories Inc 090572207 3960.00000000 NS USD 2478801.60000000 1.262817657303 Long EC CORP US N 1 N N N Copart Inc 549300KVYX3JWMYEHU61 Copart Inc 217204106 4450.00000000 NS USD 546816.00000000 0.278573686613 Long EC CORP US N 1 N N N MSC Industrial Direct Co Inc 0XVKH0LN6YGOWO2EGO17 MSC Industrial Direct Co Inc 553530106 31316.00000000 NS USD 2426363.68000000 1.236103324342 Long EC CORP US N 1 N N N NVR Inc 529900RWXR4JI3JYTV70 NVR Inc 62944T105 603.00000000 NS USD 2989939.32000000 1.523215156696 Long EC CORP US N 1 N N N Keysight Technologies Inc 549300GLKVIO8YRCYN02 Keysight Technologies Inc 49338L103 11640.00000000 NS USD 1831786.80000000 0.933198008043 Long EC CORP US N 1 N N N Regeneron Pharmaceuticals Inc 549300RCBFWIRX3HYQ56 Regeneron Pharmaceuticals Inc 75886F107 4372.00000000 NS USD 2703469.92000000 1.377274224353 Long EC CORP US N 1 N N N Murphy USA Inc 549300Y081F8XIKQIO72 Murphy USA Inc 626755102 7370.00000000 NS USD 1332053.80000000 0.678610607286 Long EC CORP US N 1 N N N Hexcel Corp S6Q7LW43WUBUHXY2QP69 Hexcel Corp 428291108 20607.00000000 NS USD 1193145.30000000 0.607844110060 Long EC CORP US N 1 N N N Deckers Outdoor Corp 5493008LG4W3I6K8J118 Deckers Outdoor Corp 243537107 2580.00000000 NS USD 744691.20000000 0.379380583181 Long EC CORP US N 1 N N N JPMorgan Chase & Co 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Co 46625H100 35900.00000000 NS USD 5090620.00000000 2.593400303849 Long EC CORP US N 1 N N N Amazon.com Inc ZXTILKJKG63JELOEG630 Amazon.com Inc 023135106 1190.00000000 NS USD 3654799.40000000 1.861926027570 Long EC CORP US N 1 N N N Westinghouse Air Brake Technologies Corp 06BTX5UWZD0GQ5N5Y745 Westinghouse Air Brake Technologies Corp 929740108 35530.00000000 NS USD 3297894.60000000 1.680102002841 Long EC CORP US N 1 N N N 2022-03-30 AB CORE OPPORTUNITIES FUND, INC. Joseph Mantineo Joseph Mantineo Treasuer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_64B1_71769802_0222.htm HTML

AB Core Opportunities Fund, Inc.

Portfolio of Investments

February 28, 2022 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 98.6%

       

Information Technology – 28.6%

       

Communications Equipment – 4.0%

       

Arista Networks, Inc.(a)

     27,110        $ 3,327,210  

Ciena Corp.(a)

     44,830          3,067,269  

F5, Inc.(a)

     7,603          1,527,062  
       

 

 

 
          7,921,541  
       

 

 

 

Electronic Equipment, Instruments & Components – 2.2%

       

IPG Photonics Corp.(a)

     5,443          709,495  

Keysight Technologies, Inc.(a)

     11,640          1,831,787  

Zebra Technologies Corp. - Class A(a)

     4,170          1,723,628  
       

 

 

 
          4,264,910  
       

 

 

 

IT Services – 6.3%

       

EPAM Systems, Inc.(a)

     4,450          924,487  

FleetCor Technologies, Inc.(a)

     13,960          3,269,432  

Maximus, Inc.

     34,689          2,735,575  

Visa, Inc. - Class A

     25,338          5,476,049  
       

 

 

 
          12,405,543  
       

 

 

 

Semiconductors & Semiconductor Equipment – 7.1%

       

Entegris, Inc.

     22,111          2,885,043  

Lam Research Corp.

     2,950          1,655,983  

MKS Instruments, Inc.

     12,350          1,859,910  

QUALCOMM, Inc.

     43,362          7,457,830  
       

 

 

 
                13,858,766  
       

 

 

 

Software – 9.0%

       

Adobe, Inc.(a)

     5,243          2,452,046  

Manhattan Associates, Inc.(a)

     21,936          2,932,404  

Microsoft Corp.

     40,950          12,235,451  
       

 

 

 
          17,619,901  
       

 

 

 
          56,070,661  
       

 

 

 

Health Care – 18.5%

       

Biotechnology – 6.0%

       

Amgen, Inc.

     19,070          4,318,974  

Regeneron Pharmaceuticals, Inc.(a)

     4,372          2,703,470  

Vertex Pharmaceuticals, Inc.(a)

     20,980          4,825,819  
       

 

 

 
          11,848,263  
       

 

 

 

Health Care Providers & Services – 4.6%

       

UnitedHealth Group, Inc.

     18,956          9,020,592  
       

 

 

 

Life Sciences Tools & Services – 3.5%

       

Bio-Rad Laboratories, Inc. - Class A(a)

     3,960          2,478,802  

PerkinElmer, Inc.

     24,030          4,316,028  
       

 

 

 
          6,794,830  
       

 

 

 

 

1


Company    Shares        U.S. $ Value  

Pharmaceuticals – 4.4%

       

Roche Holding AG (Sponsored ADR)

     103,810        $ 4,902,946  

Zoetis, Inc.

     19,800          3,834,270  
       

 

 

 
          8,737,216  
       

 

 

 
                36,400,901  
       

 

 

 

Industrials – 14.3%

       

Aerospace & Defense – 5.3%

       

Hexcel Corp.

     20,607          1,193,145  

Raytheon Technologies Corp.

     48,834          5,015,252  

Textron, Inc.

     57,673          4,217,627  
       

 

 

 
          10,426,024  
       

 

 

 

Commercial Services & Supplies – 0.6%

       

Copart, Inc.(a)

     9,190          1,129,267  
       

 

 

 

Electrical Equipment – 2.3%

       

Emerson Electric Co.

     41,426          3,849,304  

Hubbell, Inc.

     4,009          714,604  
       

 

 

 
          4,563,908  
       

 

 

 

Machinery – 2.1%

       

Altra Industrial Motion Corp.

     19,125          812,239  

Westinghouse Air Brake Technologies Corp.

     35,530          3,297,894  
       

 

 

 
          4,110,133  
       

 

 

 

Professional Services – 0.7%

       

Leidos Holdings, Inc.

     12,480          1,270,963  
       

 

 

 

Road & Rail – 2.1%

       

Knight-Swift Transportation Holdings, Inc.

     76,860          4,187,333  
       

 

 

 

Trading Companies & Distributors – 1.2%

       

MSC Industrial Direct Co., Inc. - Class A

     31,316          2,426,364  
       

 

 

 
          28,113,992  
       

 

 

 

Consumer Discretionary – 11.5%

       

Distributors – 2.3%

       

LKQ Corp.

     99,010          4,648,519  
       

 

 

 

Household Durables – 3.3%

       

DR Horton, Inc.

     38,600          3,296,440  

NVR, Inc.(a)

     633          3,138,693  
       

 

 

 
          6,435,133  
       

 

 

 

Internet & Direct Marketing Retail – 2.2%

       

Amazon.com, Inc.(a)

     1,190          3,654,799  

Etsy, Inc.(a)

     4,220          653,636  
       

 

 

 
          4,308,435  
       

 

 

 

Specialty Retail – 3.3%

       

Home Depot, Inc. (The)

     10,630          3,357,273  

Murphy USA, Inc.

     7,370          1,332,054  

Ulta Beauty, Inc.(a)

     4,640          1,737,680  
       

 

 

 
          6,427,007  
       

 

 

 

 

2


Company    Shares        U.S. $ Value  

Textiles, Apparel & Luxury Goods – 0.4%

       

Deckers Outdoor Corp.(a)

     2,580        $ 744,691  
       

 

 

 
          22,563,785  
       

 

 

 

Communication Services – 10.6%

       

Diversified Telecommunication Services – 4.1%

       

Comcast Corp. - Class A

     76,104          3,558,623  

Verizon Communications, Inc.

     82,260          4,414,894  
       

 

 

 
          7,973,517  
       

 

 

 

Interactive Media & Services – 6.5%

       

Alphabet, Inc. - Class C(a)

     4,217          11,376,707  

Meta Platforms, Inc. - Class A(a)

     6,560          1,384,357  
       

 

 

 
          12,761,064  
       

 

 

 
          20,734,581  
       

 

 

 

Financials – 8.5%

       

Banks – 3.0%

       

JPMorgan Chase & Co.

     35,900          5,090,620  

Wells Fargo & Co.

     13,880          740,776  
       

 

 

 
          5,831,396  
       

 

 

 

Capital Markets – 2.9%

       

Goldman Sachs Group, Inc. (The)

     16,920          5,774,627  
       

 

 

 

Diversified Financial Services – 2.6%

       

Berkshire Hathaway, Inc. - Class B(a)

     15,970          5,133,556  
       

 

 

 
          16,739,579  
       

 

 

 

Real Estate – 2.2%

       

Real Estate Management & Development – 2.2%

       

CBRE Group, Inc. - Class A(a)

     44,920          4,350,502  
       

 

 

 

Consumer Staples – 2.0%

       

Food & Staples Retailing – 2.0%

       

Walmart, Inc.

     28,330          3,829,083  
       

 

 

 

Energy – 1.7%

       

Energy Equipment & Services – 0.8%

       

Helmerich & Payne, Inc.

     44,513          1,612,706  
       

 

 

 

Oil, Gas & Consumable Fuels – 0.9%

       

EOG Resources, Inc.

     14,940          1,716,904  
       

 

 

 
          3,329,610  
       

 

 

 

Materials – 0.7%

       

Metals & Mining – 0.7%

       

Steel Dynamics, Inc.

     18,660          1,317,023  
       

 

 

 

Total Common Stocks
(cost $148,023,106)

              193,449,717  
       

 

 

 

 

3


Company    Shares        U.S. $ Value  

SHORT-TERM INVESTMENTS – 2.3%

       

Investment Companies – 2.3%

       

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(b) (c) (d)
(cost $4,546,094)

     4,546,094        $ 4,546,094  
       

 

 

 

Total Investments – 100.9%
(cost $152,569,200)(e)

          197,995,811  

Other assets less liabilities – (0.9)%

          (1,677,307
       

 

 

 

Net Assets – 100.0%

        $     196,318,504  
       

 

 

 

 

(a)

Non-income producing security.

(b)

Affiliated investments.

(c)

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

(d)

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

(e)

As of February 28, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $48,530,141 and gross unrealized depreciation of investments was $(3,103,530), resulting in net unrealized appreciation of $45,426,611.

 

  

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

Glossary:

ADR – American Depositary Receipt

 

4


AB Core Opportunities Fund, Inc.

February 28, 2022 (unaudited)

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

 

   

Level 1 - quoted prices in active markets for identical investments

   

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

   

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

Where readily available market prices or relevant bid prices are not available for certain equity investments, such investments may be valued based on similar publicly traded investments, movements in relevant indices since last available prices or based upon underlying company fundamentals and comparable company data (such as multiples to earnings or other multiples to equity). Where an investment is valued using an observable input, by pricing vendors, such as another publicly traded security, the investment will be classified as Level 2. If management determines that an adjustment is appropriate based on restrictions on resale, illiquidity or uncertainty, and such adjustment is a significant component of the valuation, the investment will be classified as Level 3. An investment will also be classified as Level 3 where management uses company fundamentals and other significant inputs to determine the valuation.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of February 28, 2022:

 

Investments in Securities:

   Level 1      Level 2      Level 3      Total  
Assets:            
Common Stocks(a)    $ 193,449,717      $      $      $ 193,449,717  
Short-Term Investments      4,546,094                      4,546,094  
  

 

 

    

 

 

    

 

 

    

 

 

 
Total Investments in Securities      197,995,811                      197,995,811  
Other Financial Instruments(b)                            
  

 

 

    

 

 

    

 

 

    

 

 

 
Total    $     197,995,811      $                 —      $                 —      $     197,995,811  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(a) 

See Portfolio of Investments for sector classifications.

 

(b) 

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.

 

5


A summary of the Fund’s transactions in AB mutual funds for the three months ended February 28, 2022 is as follows:

 

Fund   

Market Value
11/30/2021

(000)

     Purchases
at Cost
(000)
     Sales
Proceeds
(000)
     Market Value
02/28/2022
(000)
     Dividend
Income
(000)
 

Government Money Market Portfolio

   $     5,952      $     23,657      $     25,063      $     4,546      $     0

 

*

Amount less than $500.

 

6