UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number: 811-21673

THE ALLIANCEBERNSTEIN POOLING PORTFOLIOS

(Exact name of registrant as specified in charter)

1345 Avenue of the Americas, New York, New York 10105

(Address of principal executive offices) (Zip code)

Joseph J. Mantineo

AllianceBernstein L.P.

1345 Avenue of the Americas

New York, New York 10105

(Name and address of agent for service)

Registrant’s telephone number, including area code: (800) 221-5672

Date of fiscal year end: August 31, 2013

Date of reporting period: May 31, 2013

ITEM 1. SCHEDULE OF INVESTMENTS.

AllianceBernstein Pooling Portfolios

U.S. Value Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 98.4%
Financials - 27.7%
Capital Markets - 1.3%
Goldman Sachs Group, Inc. (The)		65,000	$	10,535,200
State Street Corp.		70,800		4,685,544
				15,220,744
Commercial Banks - 5.6%
CIT Group, Inc. (a)		429,800		19,805,184
KeyCorp		182,300		1,965,194
Regions Financial Corp.		151,100		1,379,543
SunTrust Banks, Inc.		84,800		2,721,232
US Bancorp/MN		158,000		5,539,480
Wells Fargo & Co.		834,900		33,855,195
				65,265,828
Consumer Finance - 3.3%
Capital One Financial Corp.		382,700		23,317,911
Discover Financial Services		334,800		15,872,868
				39,190,779
Diversified Financial Services - 8.7%
Bank of America Corp.		2,354,100		32,157,006
Citigroup, Inc.		631,300		32,821,287
JPMorgan Chase & Co.		670,500		36,602,595
				101,580,888
Insurance - 8.8%
American International Group, Inc. (a)		365,400		16,245,684
Berkshire Hathaway, Inc. (a)		81,600		9,308,112
Chubb Corp. (The)		177,200		15,434,120
Everest Re Group Ltd.		80,600		10,446,566
Fidelity National Financial, Inc.-Class A		325,000		8,550,750
Genworth Financial, Inc.-Class A (a)		350,200		3,785,662
PartnerRe Ltd.		135,600		12,292,140
Progressive Corp. (The)		83,500		2,128,415
Reinsurance Group of America, Inc.-Class A		130,900		8,625,001
Torchmark Corp.		42,900		2,767,479
Travelers Cos., Inc. (The)		74,500		6,237,140
XL Group PLC		227,600		7,153,468
				102,974,537
				324,232,776
Consumer Discretionary - 16.9%
Auto Components - 1.8%
Lear Corp.		121,000		7,257,580
Magna International, Inc. (New York)-Class A (b)		58,100		3,870,622
TRW Automotive Holdings Corp. (a)		160,100		10,142,335
				21,270,537
Automobiles - 1.9%
Ford Motor Co.		1,421,100		22,282,848

Company	Shares		U.S. $ Value
Household Durables - 1.2%
PulteGroup, Inc. (a)		665,000		14,357,350
Media - 6.8%
Comcast Corp.-Class A		395,600		15,883,340
Gannett Co., Inc.		173,900		3,738,850
News Corp.-Class A		404,900		13,001,339
Regal Entertainment Group-Class A		169,200		2,994,840
Time Warner Cable, Inc.-Class A		90,900		8,681,859
Time Warner, Inc.		134,000		7,821,580
Viacom, Inc.-Class B		245,700		16,189,173
Virgin Media, Inc.		228,100		11,327,446
				79,638,427
Multiline Retail - 1.2%
Macy’s, Inc.		298,400		14,424,656
Specialty Retail - 4.0%
GameStop Corp.-Class A (b)		407,100		13,499,436
Home Depot, Inc. (The)		21,300		1,675,458
Lowe’s Cos., Inc.		246,600		10,384,326
Staples, Inc.		96,200		1,443,000
TJX Cos., Inc.		379,400		19,201,434
				46,203,654
				198,177,472
Energy - 15.8%
Energy Equipment & Services - 2.6%
Diamond Offshore Drilling, Inc.		142,200		9,784,782
Halliburton Co.		232,900		9,746,865
Helix Energy Solutions Group, Inc. (a)		233,900		5,580,854
Nabors Industries Ltd.		324,000		5,187,240
				30,299,741
Oil, Gas & Consumable Fuels - 13.2%
BP PLC (Sponsored ADR)		145,900		6,260,569
Chevron Corp.		268,500		32,958,375
Exxon Mobil Corp.		749,400		67,798,218
HollyFrontier Corp.		30,100		1,489,950
Marathon Petroleum Corp.		204,200		16,846,500
Phillips 66		86,400		5,751,648
Royal Dutch Shell PLC (ADR)		127,300		8,448,901
Valero Energy Corp.		377,500		15,337,825
				154,891,986
				185,191,727
Health Care - 12.5%
Biotechnology - 0.7%
Vertex Pharmaceuticals, Inc. (a)		107,500		8,633,325
Health Care Equipment & Supplies - 1.3%
Medtronic, Inc.		287,700		14,675,577
Health Care Providers & Services - 3.5%
Aetna, Inc.		195,700		11,816,366
Health Net, Inc./CA (a)		230,800		7,355,596

2

Company	Shares		U.S. $ Value
WellPoint, Inc.		288,900		22,236,633
				41,408,595
Pharmaceuticals - 7.0%
Johnson & Johnson		249,300		20,986,074
Merck & Co., Inc.		282,200		13,178,740
Pfizer, Inc.		1,438,300		39,164,909
Roche Holding AG (Sponsored ADR)		145,000		9,039,300
				82,369,023
				147,086,520
Information Technology - 6.1%
Communications Equipment - 0.5%
Harris Corp.		127,500		6,391,575
Computers & Peripherals - 2.2%
Hewlett-Packard Co.		1,049,650		25,632,453
Semiconductors & Semiconductor Equipment - 1.7%
Applied Materials, Inc.		1,013,900		15,411,280
Micron Technology, Inc. (a)		406,000		4,742,080
				20,153,360
Software - 1.7%
CA, Inc.		47,600		1,299,956
Electronic Arts, Inc. (a)		376,150		8,647,689
Symantec Corp. (a)		418,000		9,359,020
				19,306,665
				71,484,053
Industrials - 6.0%
Aerospace & Defense - 0.3%
Northrop Grumman Corp.		47,900		3,946,481
Airlines - 1.0%
Delta Air Lines, Inc. (a)		656,400		11,821,764
Industrial Conglomerates - 3.0%
General Electric Co.		1,492,700		34,809,764
Machinery - 1.7%
Illinois Tool Works, Inc.		184,400		12,931,972
Parker Hannifin Corp.		14,000		1,396,640
Terex Corp. (a)		46,700		1,675,129
Timken Co.		63,300		3,592,908
				19,596,649
				70,174,658
Consumer Staples - 4.5%
Beverages - 0.2%
Coca-Cola Enterprises, Inc.		43,900		1,631,324
Food & Staples Retailing - 1.7%
CVS Caremark Corp.		55,100		3,172,658
Kroger Co. (The)		499,600		16,821,532
				19,994,190

Company	Shares		U.S. $ Value
Household Products - 0.8%
Procter & Gamble Co. (The)		127,900		9,817,604
Tobacco - 1.8%
Altria Group, Inc.		302,300		10,913,030
Philip Morris International, Inc.		113,500		10,318,285
				21,231,315
				52,674,433
Materials - 3.8%
Chemicals - 2.9%
Axiall Corp.		123,700		5,337,655
Huntsman Corp.		533,300		10,372,685
LyondellBasell Industries NV		276,100		18,402,065
				34,112,405
Containers & Packaging - 0.9%
Rock Tenn Co.		101,000		9,976,780
				44,089,185
Utilities - 3.2%
Electric Utilities - 2.0%
Edison International		168,400		7,736,296
NV Energy, Inc.		668,000		15,657,920
				23,394,216
Gas Utilities - 0.8%
Atmos Energy Corp.		223,400		9,431,948
Multi-Utilities - 0.4%
DTE Energy Co.		28,400		1,891,724
Sempra Energy		36,800		2,991,840
				4,883,564
				37,709,728
Telecommunication Services - 1.9%
Diversified Telecommunication Services - 0.9%
AT&T, Inc.		303,800		10,629,962
Wireless Telecommunication Services - 1.0%
Vodafone Group PLC (Sponsored ADR)		407,800		11,805,810
				22,435,772
Total Common Stocks (cost $895,444,055)				1,153,256,324
SHORT-TERM INVESTMENTS - 0.4%
Investment Companies - 0.4%
AllianceBernstein Fixed-Income Shares, Inc.- Government STIF Portfolio, 0.09% (c) (cost $5,086,093)		5,086,093		5,086,093

Company	Shares		U.S. $ Value
Total Investments Before Security Lending Collateral for Securities Loaned - 98.8% (cost $900,530,148)				1,158,342,417
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 1.4%
Investment Companies - 1.4%
AllianceBernstein Exchange Reserves-Class I, 0.07% (c) (cost $16,043,871)		16,043,871		16,043,871
Total Investments - 100.2% (cost $916,574,019) (d)				1,174,386,288
Other assets less liabilities - (0.2)%				(1,849,264	)
Net Assets - 100.0%			$	1,172,537,024

(a) Non-income producing security.

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

(c) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(d) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $260,364,095 and gross unrealized depreciation of investments was $(2,551,826), resulting in net unrealized appreciation of $257,812,269.

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

AllianceBernstein Pooling Portfolios

U.S. Value Portfolio

May 31, 2013 (unaudited)

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

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

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

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

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 Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks:

Financials

$

324,232,776

$

– 0

–

$

– 0

–

$

324,232,776

Consumer Discretionary

198,177,472

– 0

–

– 0

–

198,177,472

Energy

185,191,727

– 0

–

– 0

–

185,191,727

Health Care

138,047,220

9,039,300

– 0

–

147,086,520

Information Technology

71,484,053

– 0

–

– 0

–

71,484,053

Industrials

70,174,658

– 0

–

– 0

–

70,174,658

Consumer Staples

52,674,433

– 0

–

– 0

–

52,674,433

Materials

44,089,185

– 0

–

– 0

–

44,089,185

Utilities

37,709,728

– 0

–

– 0

–

37,709,728

Telecommunication Services

22,435,772

– 0

–

– 0

–

22,435,772

Short-Term Investments

5,086,093

– 0

–

– 0

–

5,086,093

Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund

16,043,871

– 0

–

– 0

–

16,043,871

Total Investments in Securities

1,165,346,988

9,039,300

– 0

–

1,174,386,288

Other Financial Instruments*

– 0

–

– 0

–

– 0

–

– 0

–

Total+

$

1,165,346,988

$

9,039,300

$

– 0

–

$

1,174,386,288

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ There were de minimis transfers under 1% of net assets between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

U.S. Large Cap Growth Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 94.9%
Information Technology - 27.2%
Communications Equipment - 1.9%
F5 Networks, Inc. (a)		107,060	$	8,908,463
QUALCOMM, Inc.		207,020		13,141,629
				22,050,092
Computers & Peripherals - 5.2%
Apple, Inc.		120,790		54,316,847
EMC Corp./MA (a)		266,737		6,604,408
				60,921,255
Electronic Equipment, Instruments & Components - 0.7%
Amphenol Corp.-Class A		106,320		8,282,328
Internet Software & Services - 8.7%
eBay, Inc. (a)		552,123		29,869,854
Facebook, Inc. (a)		639,210		15,564,764
Google, Inc.-Class A (a)		53,255		46,353,685
LinkedIn Corp. (a)		58,600		9,817,258
				101,605,561
IT Services - 5.3%
Cognizant Technology Solutions Corp.-Class A (a)		655,650		42,387,773
Visa, Inc.-Class A		108,510		19,329,971
				61,717,744
Semiconductors & Semiconductor Equipment - 0.8%
Taiwan Semiconductor Manufacturing Co., Ltd. (Sponsored ADR)		485,550		9,060,363
Software - 4.6%
ANSYS, Inc. (a)		242,220		18,045,390
Citrix Systems, Inc. (a)		391,100		25,167,285
Red Hat, Inc. (a)		125,550		6,055,277
SolarWinds, Inc. (a)		86,589		3,649,726
				52,917,678
				316,555,021
Health Care - 18.9%
Biotechnology - 8.7%
Biogen Idec, Inc. (a)		243,087		57,730,732
Celgene Corp. (a)		193,350		23,907,727
Gilead Sciences, Inc. (a)		241,440		13,153,651
Quintiles Transnational Holdings, Inc. (a)		152,750		6,727,110
				101,519,220
Health Care Equipment & Supplies - 3.2%
IDEXX Laboratories, Inc. (a)		96,730		7,974,421
Intuitive Surgical, Inc. (a)		59,840		29,772,195
				37,746,616

Company	Shares		U.S. $ Value
Health Care Providers & Services - 3.1%
McKesson Corp.		74,470		8,479,154
UnitedHealth Group, Inc.		436,945		27,365,866
				35,845,020
Life Sciences Tools & Services - 1.2%
Illumina, Inc. (a)		132,700		9,331,464
Mettler-Toledo International, Inc. (a)		20,959		4,574,511
				13,905,975
Pharmaceuticals - 2.7%
Allergan, Inc./United States		310,430		30,884,681
				219,901,512
Consumer Discretionary - 15.6%
Automobiles - 0.9%
Harley-Davidson, Inc.		197,097		10,749,670
Hotels, Restaurants & Leisure - 2.4%
Chipotle Mexican Grill, Inc.-Class A (a)		20,790		7,505,190
Starbucks Corp.		323,900		20,428,373
				27,933,563
Internet & Catalog Retail - 5.6%
Amazon.com, Inc. (a)		115,520		31,078,346
priceline.com, Inc. (a)		42,440		34,118,789
				65,197,135
Media - 4.9%
Comcast Corp.-Class A		611,930		24,568,990
Walt Disney Co. (The)		518,680		32,718,334
				57,287,324
Specialty Retail - 1.0%
O’Reilly Automotive, Inc. (a)		100,190		10,911,693
Textiles, Apparel & Luxury Goods - 0.8%
VF Corp.		50,840		9,347,443
				181,426,828
Industrials - 12.6%
Aerospace & Defense - 6.6%
Boeing Co. (The)		396,800		39,291,136
Precision Castparts Corp.		178,098		38,098,724
				77,389,860
Commercial Services & Supplies - 0.7%
Stericycle, Inc. (a)		75,623		8,300,380
Electrical Equipment - 1.5%
AMETEK, Inc.		201,147		8,679,493
Roper Industries, Inc.		70,210		8,721,486
				17,400,979

Company	Shares		U.S. $ Value
Industrial Conglomerates - 2.4%
Danaher Corp.		450,279		27,836,248
Machinery - 0.8%
Flowserve Corp.		52,184		8,773,696
Trading Companies & Distributors - 0.6%
WW Grainger, Inc.		26,340		6,780,970
				146,482,133
Financials - 6.3%
Capital Markets - 2.8%
Affiliated Managers Group, Inc. (a)		126,900		20,811,600
BlackRock, Inc.-Class A		43,900		12,256,880
				33,068,480
Diversified Financial Services - 3.5%
IntercontinentalExchange, Inc. (a)		238,931		40,907,377
				73,975,857
Energy - 6.1%
Energy Equipment & Services - 4.2%
National Oilwell Varco, Inc.		137,420		9,660,626
Oceaneering International, Inc.		166,540		12,070,819
Schlumberger Ltd.		372,623		27,212,658
				48,944,103
Oil, Gas & Consumable Fuels - 1.9%
EOG Resources, Inc.		65,011		8,392,920
Noble Energy, Inc.		236,094		13,610,819
				22,003,739
				70,947,842
Consumer Staples - 6.0%
Food & Staples Retailing - 1.2%
Costco Wholesale Corp.		127,160		13,945,637
Food Products - 1.6%
Hershey Co. (The)		210,670		18,772,804
Personal Products - 0.9%
Estee Lauder Cos., Inc. (The)-Class A		153,660		10,415,075
Tobacco - 2.3%
Philip Morris International, Inc.		298,915		27,174,362
				70,307,878
Materials - 2.2%
Chemicals - 2.2%
Monsanto Co.		260,255		26,192,063
Total Common Stocks (cost $822,814,384)				1,105,789,134

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS - 5.3%
Investment Companies - 5.3%
AllianceBernstein Fixed-Income Shares, Inc.- Government STIF Portfolio, 0.09% (b) (cost $61,292,536)		61,292,536		61,292,536
Total Investments - 100.2% (cost $884,106,920) (c)				1,167,081,670
Other assets less liabilities - (0.2)%				(2,341,472	)
Net Assets - 100.0%			$	1,164,740,198

(a) Non-income producing security.

(b) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(c) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $288,705,485 and gross unrealized depreciation of investments was $(5,730,735), resulting in net unrealized appreciation of $282,974,750.

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

AllianceBernstein Pooling Portfolios

U.S. Large Cap Growth Portfolio

May 31, 2013 (unaudited)

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

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

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

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

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 Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks *

$

1,105,789,134

$

– 0

–

$

– 0

–

$

1,105,789,134

Short-Term Investments

61,292,536

– 0

–

– 0

–

61,292,536

Total Investments in Securities

1,167,081,670

– 0

–

– 0

–

1,167,081,670

Other Financial Instruments **

– 0

–

– 0

–

– 0

–

– 0

–

Total^

$

1,167,081,670

$

– 0

–

$

– 0

–

$

1,167,081,670

* See Portfolio of Investments for sector classifications.

** Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

^ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Multi-Asset Real Return Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 59.0%
Energy - 23.3%
Coal & Consumable Fuels - 0.7%
Adaro Energy Tbk PT		1,436,800	$	135,676
Banpu PCL		140,100		1,383,647
Cameco Corp.		87,870		1,910,383
China Coal Energy Co., Ltd.-Class H		206,700		134,597
China Shenhua Energy Co., Ltd.-Class H		167,870		547,624
Coal India Ltd.		31,010		177,419
Consol Energy, Inc.		9,980		346,106
Exxaro Resources Ltd.		59,080		926,536
Peabody Energy Corp.		12,290		241,744
				5,803,732
Integrated Oil & Gas - 16.7%
BG Group PLC		374,120		6,827,692
BP PLC		1,968,320		14,067,981
Cenovus Energy, Inc.		33,900		1,014,956
Chevron Corp.		133,310		16,363,802
China Petroleum & Chemical Corp.-Class H		3,920,100		4,007,858
ENI SpA		324,970		7,390,305
Exxon Mobil Corp.		384,470		34,783,001
Galp Energia SGPS SA		4,676		76,529
Gazprom OAO (Sponsored ADR)		833,350		6,308,459
Hess Corp.		41,090		2,769,877
LUKOIL OAO (London) (Sponsored ADR)		19,620		1,148,751
Murphy Oil Corp.		20,960		1,327,187
Origin Energy Ltd.		48,700		620,431
PetroChina Co., Ltd.-Class H		947,800		1,097,955
Petroleo Brasileiro SA		133,700		1,180,440
Petroleo Brasileiro SA (ADR)		235,620		4,186,967
Petroleo Brasileiro SA (Preference Shares)		188,700		1,761,188
Petroleo Brasileiro SA (Sponsored ADR)		99,878		1,861,726
PTT PCL		165,000		1,776,713
Repsol SA		43,700		994,353
Royal Dutch Shell PLC (Euronext Amsterdam)-Class A		273,773		9,141,893
Royal Dutch Shell PLC-Class A		146,615		4,879,474
Royal Dutch Shell PLC-Class B		205,860		7,096,592
Sasol Ltd.		24,600		1,097,127
Statoil ASA		104,180		2,352,339
Suncor Energy, Inc. (Toronto)		214,410		6,504,167
Total SA		127,700		6,382,872
				147,020,635
Oil & Gas Drilling - 0.5%
Diamond Offshore Drilling, Inc.		19,220		1,322,528
Helmerich & Payne, Inc.		14,190		876,091
Seadrill Ltd. (a)		44,550		1,805,611
				4,004,230
Oil & Gas Equipment & Services - 0.6%
Aker Solutions ASA		69,170		1,019,277
Halliburton Co.		40,710		1,703,714
Schlumberger Ltd.		36,080		2,634,922
				5,357,913

Company	Shares		U.S. $ Value
Oil & Gas Exploration & Production - 4.7%
Anadarko Petroleum Corp.		53,910		4,715,508
Apache Corp.		15,300		1,256,589
ARC Resources Ltd. (a)		13,100		362,643
Athabasca Oil Corp. (b)		35,900		254,165
Cabot Oil & Gas Corp.		22,440		1,578,878
Cairn India Ltd.		44,800		224,769
Canadian Natural Resources Ltd.		42,900		1,278,621
Canadian Oil Sands Ltd.		21,800		422,017
Chesapeake Energy Corp.		29,900		653,016
Cimarex Energy Co.		2,600		182,364
CNOOC Ltd.		700,400		1,225,120
Cobalt International Energy, Inc. (b)		10,500		272,370
ConocoPhillips		45,200		2,772,568
Continental Resources, Inc./OK (b)		3,600		292,068
Crescent Point Energy Corp. (a)		15,600		564,865
Devon Energy Corp.		17,300		983,505
EnCana Corp.		33,100		631,191
EOG Resources, Inc.		30,690		3,962,079
EQT Corp.		6,700		535,196
Inpex Corp.		99		421,442
Kunlun Energy Co., Ltd.		144,000		274,821
Lundin Petroleum AB (b)		76,810		1,591,572
Marathon Oil Corp.		31,690		1,089,819
MEG Energy Corp. (b)		11,900		337,229
Newfield Exploration Co. (b)		8,850		210,542
Noble Energy, Inc.		39,300		2,265,645
NovaTek OAO (Sponsored GDR) (c)		4,100		460,020
Occidental Petroleum Corp.		78,680		7,244,068
OGX Petroleo e Gas Participacoes SA (b)		172,600		113,627
Oil & Natural Gas Corp. Ltd.		54,600		314,257
Pioneer Natural Resources Co.		5,300		735,004
Range Resources Corp.		7,300		548,814
Santos Ltd.		42,900		529,853
Southwestern Energy Co. (b)		15,700		591,733
Talisman Energy, Inc.		46,400		542,881
Tullow Oil PLC		40,800		642,074
Vermilion Energy, Inc. (a)		3,200		161,242
Whiting Petroleum Corp. (b)		7,197		331,566
Woodside Petroleum Ltd.		29,600		1,008,881
				41,582,622
Oil & Gas Refining & Marketing - 0.1%
Valero Energy Corp.		20,890		848,761
				204,617,893
Materials - 12.9%
Aluminum - 0.1%
Alcoa, Inc.		50,900		432,650
Alumina Ltd. (b)		215,290		208,402
Hindalco Industries Ltd.		77,300		139,383
Norsk Hydro ASA		35,000		158,648
				939,083

Company	Shares		U.S. $ Value
Diversified Chemicals - 0.2%
BASF SE		22,740		2,203,854
Diversified Metals & Mining - 5.6%
Anglo American PLC		213,450		4,890,627
Antofagasta PLC		37,890		537,721
Assore Ltd. (a)		8,600		304,694
BHP Billiton Ltd.		323,870		10,573,270
BHP Billiton PLC		109,200		3,140,060
Eurasian Natural Resources Corp. PLC		92,400		334,384
First Quantum Minerals Ltd.		29,900		535,273
Freeport-McMoRan Copper & Gold, Inc.		142,210		4,415,620
Glencore Xstrata PLC		682,130		3,317,417
Grupo Mexico SAB de CV		182,300		603,470
Iluka Resources Ltd.		6,414		67,546
KGHM Polska Miedz SA		6,400		285,925
Korea Zinc Co., Ltd.		1,300		371,927
Minera Frisco SAB de CV (a)(b)		130,260		484,209
MMC Norilsk Nickel OJSC (ADR)		158,770		2,298,990
Rio Tinto Ltd.		22,620		1,171,798
Rio Tinto PLC		255,010		10,891,663
Southern Copper Corp.		11,190		348,569
Sterlite Industries India Ltd.		128,200		210,102
Sumitomo Metal Mining Co., Ltd.		16,960		213,119
Teck Resources Ltd.		127,550		3,406,665
Turquoise Hill Resources Ltd. (b)		28,400		189,562
Vedanta Resources PLC		18,100		342,722
				48,935,333
Fertilizers & Agricultural Chemicals - 1.4%
Agrium, Inc.		23,295		2,153,903
CF Industries Holdings, Inc.		2,100		401,016
Incitec Pivot Ltd.		64,400		177,715
Israel Chemicals Ltd.		18,300		203,534
Israel Corp., Ltd. (The)		209		128,868
K&S AG		6,700		282,303
Monsanto Co.		51,060		5,138,678
Mosaic Co. (The)		10,200		620,364
Potash Corp. of Saskatchewan, Inc.		34,200		1,446,511
Syngenta AG		3,000		1,170,291
Uralkali OJSC (Sponsored GDR) (c)		8,640		312,336
				12,035,519
Forest Products - 0.0%
Duratex SA		13,860		94,026
Gold - 2.2%
Agnico-Eagle Mines Ltd. (a)		47,402		1,540,822
Anglogold Ashanti Ltd.		19,380		351,608
Barrick Gold Corp. (a)		47,700		1,002,080
Cia de Minas Buenaventura SA (ADR)-Class B		16,200		290,790
Eldorado Gold Corp.		42,520		343,687
Franco-Nevada Corp.		4,400		183,597
Gold Fields Ltd.		48,010		291,701
Goldcorp, Inc.		191,760		5,691,300
IAMGOLD Corp.		32,500		170,219
Kinross Gold Corp.		488,070		3,201,231
Koza Altin Isletmeleri AS		55,920		987,009
New Gold, Inc. (b)		179,440		1,220,209

Company	Shares		U.S. $ Value
Newcrest Mining Ltd.		36,500		498,660
Newmont Mining Corp.		23,600		809,008
Osisko Mining Corp. (b)		48,600		209,073
Randgold Resources Ltd.		2,700		212,430
Real Gold Mining Ltd. (a)(b)(d)(e)		686,500		38,912
Yamana Gold, Inc.		190,540		2,245,863
Zijin Mining Group Co., Ltd. (a)		1,064,800		295,776
				19,583,975
Paper Products - 0.3%
Fibria Celulose SA (b)		19,600		215,144
International Paper Co.		16,500		761,475
Mondi PLC		99,940		1,315,513
OJI Holdings Corp.		67,000		233,212
Stora Enso Oyj		24,600		178,002
UPM-Kymmene Oyj		13,500		143,729
				2,847,075
Precious Metals & Minerals - 0.3%
Anglo American Platinum Ltd. (b)		11,110		361,852
Dominion Diamond Corp. (b)		51,620		775,849
Fresnillo PLC		16,100		282,094
Impala Platinum Holdings Ltd.		25,600		268,336
Industrias Penoles SAB de CV		4,300		163,527
Kazakhmys PLC		4,977		24,536
North American Palladium Ltd. (a)(b)		555,710		605,724
Silver Wheaton Corp.		16,900		400,840
				2,882,758
Specialty Chemicals - 0.4%
Johnson Matthey PLC		24,570		947,748
Koninklijke DSM NV		33,536		2,200,315
				3,148,063
Steel - 2.4%
Allegheny Technologies, Inc.		5,000		137,850
ArcelorMittal (Euronext Amsterdam)		44,600		563,620
Arrium Ltd.		591,757		446,891
Cia Siderurgica Nacional SA		61,030		187,210
Cliffs Natural Resources, Inc. (a)		14,430		260,317
Commercial Metals Co.		121,470		1,873,067
Daido Steel Co., Ltd.		40,000		213,771
Eregli Demir ve Celik Fabrikalari TAS		149,627		178,308
Evraz PLC		127,870		258,282
Fortescue Metals Group Ltd.		70,670		220,518
Fosun International Ltd.		324,820		273,554
Gerdau SA		48,300		293,390
Hitachi Metals Ltd.		14,000		144,138
Hyundai Hysco Co., Ltd.		3,500		106,610
Hyundai Steel Co.		3,280		206,730
Industrias CH SAB de CV (a)(b)		28,920		207,085
JFE Holdings, Inc.		107,600		2,211,284
Jindal Steel & Power Ltd.		42,900		216,877
JSW Steel Ltd.		17,640		212,791
Kobe Steel Ltd. (b)		178,370		235,329
Kumba Iron Ore Ltd. (a)		2,500		128,215

Company	Shares		U.S. $ Value
Metalurgica Gerdau SA (Preference Shares)		13,300		102,150
Nippon Steel & Sumitomo Metal Corp.		394,920		990,032
Novolipetsk Steel OJSC (GDR) (c)		13,880		193,348
Nucor Corp.		15,100		672,101
POSCO		3,370		953,990
Severstal OAO (GDR) (c)		25,550		200,568
Tata Steel Ltd.		39,340		202,880
ThyssenKrupp AG (b)		18,400		364,896
United States Steel Corp. (a)		61,380		1,085,813
Vale SA		67,670		966,489
Vale SA (Preference Shares)		103,990		1,404,627
Vale SA (Sponsored ADR) (Local Preference Shares)		361,350		4,870,998
Voestalpine AG		7,230		239,604
				20,823,333
				113,493,019
Equity: Other - 10.0%
Diversified/Specialty - 8.1%
Acucap Properties Ltd.		23,550		107,616
Agung Podomoro Land Tbk PT		33,750		1,685
Alam Sutera Realty Tbk PT		1,811,500		195,070
Amata Corp. PCL		57,600		40,334
Anant Raj Ltd.		21,700		24,734
AP Thailand PCL		94,100		23,778
Armada Hoffler Properties, Inc. (b)		98,494		1,129,726
Ayala Land, Inc.		1,564,332		1,244,023
Azrieli Group		1,900		54,599
Bakrieland Development Tbk PT (b)		3,490,300		17,711
Beni Stabili SpA		79,900		55,589
Boral Ltd.		207,530		896,544
British Land Co. PLC		246,914		2,272,079
Bumi Serpong Damai PT		876,100		196,299
Buzzi Unicem SpA		65,550		1,085,389
CA Immobilien Anlagen AG (b)		4,800		64,809
Capital Property Fund		713,850		730,739
CapitaLand Ltd.		244,000		663,854
Central Pattana PCL		143,950		255,568
Ciputra Development Tbk PT		1,392,200		219,098
Ciputra Property Tbk PT		246,600		36,940
Ciputra Surya Tbk PT		62,000		24,299
City Developments Ltd.		16,000		135,739
Cofinimmo		5,660		650,909
Country Garden Holdings Co., Ltd.		3,611,600		2,059,715
CyrusOne, Inc.		82,636		1,791,548
Dexus Property Group		1,122,585		1,176,109
Digital Realty Trust, Inc. (a)		20,440		1,245,000
DLF Ltd.		39,400		136,530
Duke Realty Corp.		98,680		1,635,128
Dundee Real Estate Investment Trust		28,566		939,296
Eastern & Oriental Bhd		83,750		58,111
Even Construtora e Incorporadora SA		28,600		112,034
Evergrande Real Estate Group Ltd. (a)		3,957,750		1,578,669
F&C Commercial Property Trust Ltd.		24,500		40,501
Fastighets AB Balder (b)		10,900		86,359
Fibra Uno Administracion SA de CV		470,010		1,631,651
Fonciere Des Regions		1,500		126,861

Company	Shares		U.S. $ Value
Franshion Properties China Ltd.		599,100		220,196
Gecina SA		800		97,370
Globe Trade Centre SA (b)		26,950		69,400
GPT Group		41,120		152,286
Greentown China Holdings Ltd. (a)(b)		114,100		202,592
Growthpoint Properties Ltd.		430,050		1,082,195
Guangzhou R&F Properties Co., Ltd.		168,046		311,409
Hang Lung Properties Ltd.		171,000		597,737
Helbor Empreendimentos SA		13,780		62,473
Helical Bar PLC		5,950		23,883
Henderson Land Development Co., Ltd.		105,000		735,949
Hui Xian Real Estate Investment Trust		106,450		71,493
Hysan Development Co., Ltd.		23,000		102,252
ICADE		13,640		1,229,537
IGB Corp. Bhd		140,200		117,173
IMMOFINANZ AG (b)		37,500		153,438
Investors Real Estate Trust		45,872		412,848
Is Gayrimenkul Yatirim Ortakligi AS		34,597		28,582
Kawasan Industri Jababeka Tbk PT (b)		1,589,200		66,132
Keppel Land Ltd.		28,000		82,243
Kerry Properties Ltd.		328,000		1,331,779
Kiwi Income Property Trust		59,450		56,680
KLCC Property Holdings Bhd		49,700		109,055
Land Securities Group PLC		71,637		1,010,484
Lippo Karawaci Tbk PT		2,109,400		396,246
Londonmetric Property PLC		19,550		34,041
Longfor Properties Co., Ltd.		161,400		272,976
LPN Development PCL		809,600		675,224
Mah Sing Group Bhd		95,000		98,089
Mapletree Commercial Trust		1,001,300		1,055,591
Megaworld Corp.		1,751,350		151,137
Mexico Real Estate Management SA de CV (b)		684,130		1,695,568
Mitsubishi Estate Co., Ltd.		221,000		5,444,771
Mitsui Fudosan Co., Ltd.		164,000		4,524,484
New World Development Co., Ltd.		1,237,000		1,960,559
Nomura Real Estate Holdings, Inc.		4,500		99,786
Pakuwon Jati Tbk PT		2,386,700		102,278
Poly Property Group Co., Ltd. (b)		275,400		184,210
Premier Investment Corp.		50		194,406
Pruksa Real Estate PCL		72,900		62,004
Quality Houses PCL		404,550		54,786
Quintain Estates & Development PLC (b)		250		285
Redefine Properties Ltd.		294,150		287,662
Regal Entertainment Group-Class A		101,860		1,802,922
Resilient Property Income Fund Ltd.		35,700		178,465
Robinsons Land Corp.		206,200		106,832
Sansiri PCL		359,250		47,702
SC Asset Corp. PCL		148,500		27,223
SeaWorld Entertainment, Inc. (b)		48,150		1,704,028
Sino Land Co., Ltd.		106,000		157,631
Sinpas Gayrimenkul Yatirim Ortakligi AS		21,500		16,068
Soho China Ltd. (a)		236,200		200,186
SP Setia Bhd		124,300		148,005
Spirit Realty Capital, Inc.		44,982		902,789
Sponda Oyj		18,900		97,817
ST Modwen Properties PLC		4,750		20,498
Sumitomo Realty & Development Co., Ltd.		83,000		3,174,287
Summarecon Agung Tbk PT		595,800		170,315

Company	Shares		U.S. $ Value
Sun Hung Kai Properties Ltd.		285,305		3,786,416
Suntec Real Estate Investment Trust		80,000		109,035
Supalai PCL		949,450		633,489
Swire Properties Ltd.		488,300		1,517,852
TAG Immobilien AG		3,550		40,786
Ticon Industrial Connection PCL		47,350		34,564
Tokyu Land Corp.		15,000		135,558
Torunlar Gayrimenkul Yatirim Ortakligi AS		19,350		42,216
Unite Group PLC		5,650		30,920
Unitech Ltd. (b)		198,100		82,962
United Urban Investment Corp. (a)		50		64,134
UOL Group Ltd.		264,602		1,395,130
Vornado Realty Trust		8,000		639,600
Vukile Property Fund Ltd.		64,100		108,299
Wallenstam AB		5,800		78,709
Wereldhave Belgium NV		700		78,136
West Fraser Timber Co., Ltd.		16,000		1,188,483
Wharf Holdings Ltd.		356,000		3,161,465
Wheelock & Co., Ltd.		173,000		971,667
Wihlborgs Fastigheter AB		4,400		71,315
Yuexiu Property Co., Ltd.		545,555		163,084
				71,454,520
Health Care - 1.9%
Chartwell Retirement Residences		87,260		914,894
HCP, Inc.		49,870		2,362,841
Health Care REIT, Inc.		38,530		2,621,196
LTC Properties, Inc.		47,010		1,956,086
Medical Properties Trust, Inc.		134,665		1,998,429
Omega Healthcare Investors, Inc.		73,260		2,374,356
Sabra Health Care REIT, Inc.		18,170		491,498
Senior Housing Properties Trust		61,420		1,587,707
Ventas, Inc.		31,680		2,261,002
				16,568,009
				88,022,529
Retail - 4.3%
Regional Mall - 2.0%
BR Malls Participacoes SA		111,310		1,136,071
CapitaMall Trust		93,000		157,541
CFS Retail Property Trust Group		70,750		135,634
General Growth Properties, Inc.		81,980		1,683,049
Macerich Co. (The)		6,900		447,879
Multiplan Empreendimentos Imobiliarios SA		36,400		943,225
Pennsylvania Real Estate Investment Trust		103,780		2,064,184
Simon Property Group, Inc.		42,111		7,008,955
Westfield Group		361,117		3,963,638
				17,540,176
Shopping Center/Other Retail - 2.3%
Aeon Mall Co., Ltd.		39,500		1,034,310
Aliansce Shopping Centers SA		49,700		501,223
American Realty Capital Properties, Inc.		66,756		1,016,026
Atrium European Real Estate Ltd.		1,200		7,097
Capital & Counties Properties PLC		21,700		107,530
CapitaMalls Asia Ltd.		55,650		84,129
CapitaMalls Malaysia Trust		136,700		81,605
Corio NV		20,488		913,171

Company	Shares		U.S. $ Value
DDR Corp.		84,420		1,473,973
Deutsche Euroshop AG		1,950		84,206
Development Securities PLC		8,350		25,755
Eurocommercial Properties NV		2,800		111,253
Federation Centres Ltd.		35,200		83,436
Fountainhead Property Trust		141,500		113,339
Fukuoka REIT Co.		71		539,990
Hammerson PLC		19,600		151,978
Hyprop Investments Ltd.		100,150		677,822
Iguatemi Empresa de Shopping Centers SA		9,700		112,770
Intu Properties PLC		18,650		95,613
Japan Retail Fund Investment Corp.		583		1,106,791
Klepierre		40,882		1,759,969
Link REIT (The)		251,878		1,295,819
Pavilion Real Estate Investment Trust		137,100		69,455
RioCan Real Estate Investment Trust (Toronto)		12,821		340,080
Shaftesbury PLC		8,950		83,412
SM Prime Holdings, Inc.		803,200		380,033
Unibail-Rodamco SE		19,697		4,839,182
Vastned Retail NV		5,916		261,591
Westfield Retail Trust		794,560		2,331,726
				19,683,284
				37,223,460
Residential - 4.1%
Multi-Family - 3.2%
Advance Residence Investment Corp.		50		103,431
Agile Property Holdings Ltd.		185,900		224,767
Associated Estates Realty Corp.		89,640		1,472,785
AvalonBay Communities, Inc.		6,000		795,960
Berkeley Group Holdings PLC		32,350		1,034,963
Brookfield Residential Properties, Inc. (b)		85,437		1,876,197
China Overseas Land & Investment Ltd.		1,535,800		4,542,759
China Resources Land Ltd.		215,500		658,394
China Vanke Co., Ltd.-Class B		616,764		1,229,828
Consorcio ARA SAB de CV (b)		99,660		33,537
Corp. GEO SAB de CV (b)		108,590		47,589
Cyrela Brazil Realty SA Empreendimentos e Participacoes		30,020		238,416
Desarrolladora Homex SAB de CV (a)(b)		1,500		1,193
Deutsche Wohnen AG		5,250		97,739
Emlak Konut Gayrimenkul Yatirim Ortakligi AS		84,350		139,194
Equity Residential		22,460		1,270,113
Ez Tec Empreendimentos e Participacoes SA		4,950		68,179
Gafisa SA (b)		62,700		111,243
Grainger PLC		14,850		34,673
GSW Immobilien AG		1,820		70,994
Land and Houses PCL		347,600		132,434
LEG Immobilien AG (b)		38,581		2,201,393
Mid-America Apartment Communities, Inc.		18,860		1,281,914
Mirvac Group		494,819		788,720
MRV Engenharia e Participacoes SA		186,510		562,543
Patrizia Immobilien AG (b)		350		4,134
PDG Realty SA Empreendimentos e Participacoes		154,630		157,388
Persimmon PLC (b)		69,690		1,281,550
PIK Group (GDR) (b)(c)		29,520		58,184
Property Perfect PCL		577,750		31,488

Company	Shares		U.S. $ Value
Rossi Residencial SA		911,821		1,468,756
Shimao Property Holdings Ltd.		516,150		1,109,168
Sino-Ocean Land Holdings Ltd. (a)		364,850		222,911
Stockland		650,590		2,256,221
Sun Communities, Inc.		36,130		1,805,416
Urbi Desarrollos Urbanos SAB de CV (a)(b)		52,560		9,954
Vista Land & Lifescapes, Inc.		44,000		6,801
Wing Tai Holdings Ltd.		306,600		511,446
Yanlord Land Group Ltd.		52,900		59,440
				28,001,815
Self Storage - 0.5%
Big Yellow Group PLC		3,550		22,381
Extra Space Storage, Inc.		56,827		2,380,483
Public Storage		12,520		1,900,536
Safestore Holdings PLC		350		723
				4,304,123
Single Family - 0.4%
LIXIL Group Corp.		42,800		1,020,261
Masco Corp.		94,210		1,980,294
Ply Gem Holdings, Inc. (b)		43,958		1,015,430
				4,015,985
				36,321,923
Office - 1.8%
Office - 1.8%
Allied Properties Real Estate Investment Trust		33,804		1,093,596
Alstria Office REIT-AG (b)		400		4,837
Befimmo SCA Sicafi		1,300		86,338
Boston Properties, Inc.		5,033		536,417
Brandywine Realty Trust		44,460		629,554
CapitaCommercial Trust		1,046,000		1,251,139
Castellum AB		4,520		67,836
Cominar Real Estate Investment Trust		57,883		1,257,877
Corporate Office Properties Trust		24,320		647,642
Derwent London PLC		2,950		106,615
Great Portland Estates PLC		9,550		79,955
Hongkong Land Holdings Ltd.		95,000		656,778
Investa Office Fund (a)		343,640		1,046,147
Japan Excellent, Inc.		147		845,653
Japan Prime Realty Investment Corp.		26		80,773
Japan Real Estate Investment Corp.		117		1,151,980
Kenedix Realty Investment Corp.-Class A		269		1,033,789
Liberty Property Trust		20,160		818,093
Mack-Cali Realty Corp.		40,660		1,077,490
Nippon Building Fund, Inc.		64		658,187
Nomura Real Estate Office Fund, Inc.		14		79,449
Norwegian Property ASA		37,550		54,044
NTT Urban Development Corp.		56		64,163
Orix JREIT, Inc.		1,143		1,230,433
Parkway Properties, Inc./MD		54,208		931,293
PSP Swiss Property AG (b)		1,650		150,031
Swiss Prime Site AG (b)		2,150		161,656
Tokyo Tatemono Co., Ltd.		15,000		112,360
Workspace Group PLC		3,000		18,269
				15,932,394

Company	Shares		U.S. $ Value
Industrials - 1.1%
Industrial Warehouse Distribution - 1.0%
Ascendas Real Estate Investment Trust		51,000		93,294
Daiwa House REIT Investment Corp.		128		898,690
Global Logistic Properties Ltd.		83,050		183,675
GLP J-Reit		50		45,981
Granite Real Estate Investment		40,850		1,512,675
Hansteen Holdings PLC		17,700		23,580
Hopewell Holdings Ltd.		90,500		325,283
Mapletree Industrial Trust (a)		4,440		4,888
Mapletree Logistics Trust		1,079,000		1,031,702
Nippon Prologis REIT, Inc. (a)		89		715,868
ProLogis, Inc.		46,516		1,874,595
Segro PLC		20,570		86,684
STAG Industrial, Inc.		84,130		1,850,860
				8,647,775
Mixed Office Industrial - 0.1%
BR Properties SA		22,920		220,981
Goodman Group		147,430		719,536
				940,517
				9,588,292
Lodging - 1.0%
Lodging - 1.0%
Ashford Hospitality Trust, Inc.		158,090		2,088,369
Great Eagle Holdings Ltd.		293,000		1,161,116
Host Hotels & Resorts, Inc.		61,570		1,095,330
InterContinental Hotels Group PLC		44,361		1,276,987
Pebblebrook Hotel Trust		44,140		1,158,234
RLJ Lodging Trust		97,890		2,267,132
				9,047,168
Food Beverage & Tobacco - 0.5%
Agricultural Products - 0.4%
Archer-Daniels-Midland Co.		26,200		844,426
Bunge Ltd.		23,300		1,621,680
Charoen Pokphand Indonesia Tbk PT		204,200		103,033
Golden Agri-Resources Ltd.		262,000		118,957
IOI Corp. Bhd		89,600		147,965
Kuala Lumpur Kepong Bhd		19,800		135,258
Wilmar International Ltd.		59,000		151,333
				3,122,652
Packaged Foods & Meats - 0.1%
MHP SA (GDR) (c)		50,290		935,394
				4,058,046
Total Common Stocks (cost $515,899,227)				518,304,724

	Principal Amount (000)		U.S. $ Value
INFLATION-LINKED SECURITIES - 21.8%
United States - 21.8%
U.S. Treasury Inflation Index
0.125%, 4/15/16 (TIPS) (f)	$	64,856		67,085,683
0.125%, 4/15/16 (TIPS)		67,514		69,835,184
0.625%, 7/15/21 (TIPS)		5,719		6,196,582
1.875%, 7/15/15 (TIPS)		45,363		48,506,421
Total Inflation-Linked Securities (cost $193,463,127)				191,623,870
	Shares
INVESTMENT COMPANIES - 1.0%
Funds and Investment Trusts - 1.0%
CPN Retail Growth Leasehold Property Fund		141,850		92,302
Market Vectors Gold Miners ETF		303,600		8,959,236
Total Investment Companies (cost $10,042,271)				9,051,538
	Contracts
OPTIONS PURCHASED - PUTS - 0.1%
Options on Funds and Investment Trusts - 0.1%
iShares MSCI Emerging Markets Index Fund Expiration: Jul 2013, Exercise Price: $ 41.00 (b)(g)		5,430		684,180
Options on Equity Indices - 0.0%
S&P 500 Index Expiration: Jul 2013, Exercise Price: $ 1,500.00 (b)(g)		360		275,400
Total Options Purchased - Puts (premiums paid $928,778)				959,580
	Shares
WARRANTS - 0.1%
Equity:Other - 0.1%
Diversified/Specialty - 0.1%
Emaar Properties PJSC, Merrill Lynch Intl & Co., expiring 9/24/15 (b) (cost $465,988)		448,309		728,547
RIGHTS - 0.0%
Industrials - 0.0%
Industrial Warehouse Distribution - 0.0%
Hopewell HK Properties, expiring 6/10/13 (b) (cost $0)		3,620		0

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS - 9.8%
Investment Companies - 9.2%
AllianceBernstein Fixed-Income Shares, Inc.- Government STIF Portfolio, 0.09% (h) (cost $80,882,939)		80,882,939		80,882,939
	Principal Amount (000)
U.S. Treasury Bills - 0.6%
U.S. Treasury Bill
Zero Coupon%, 7/05/13 (f)	$	300		299,987
Zero Coupon%, 8/08/13		5,000		4,999,656
Total U.S. Treasury Bills (cost $5,299,643)				5,299,643
Total Short-Term Investments (cost $86,182,582)				86,182,582
Total Investments Before Security Lending Collateral for Securities Loaned - 91.8% (cost $806,981,973)				806,850,841
	Shares
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 1.4%
Investment Companies - 1.4%
AllianceBernstein Exchange Reserves-Class I, 0.07% (h) (cost $11,829,148)		11,829,148		11,829,148
Total Investments - 93.2% (cost $818,811,121) (i)				818,679,989
Other assets less liabilities - 6.8%				60,091,944
Net Assets - 100.0%			$	878,771,933

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month		Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
Aluminum HG Futures		64		June 2013	$	2,966,509	$	3,017,200	$	50,691
Aluminum HG Futures		64		August 2013		2,959,309		3,043,600		84,291
Brent Crude Oil Futures		58		August 2013		5,906,245		5,811,600		(94,645	)
Coffee C Futures		115		September 2013		5,504,249		5,569,594		65,345
Copper London Metal Exchange Futures		31		June 2013		5,680,853		5,649,944		(30,909	)
Cotton No. 2 Futures		36		July 2013		1,567,288		1,428,480		(138,808	)
Gasoline Rbob Futures		15		August 2013		1,770,924		1,723,869		(47,055	)
Lead Futures		28		June 2013		1,546,872		1,546,300		(572	)
Lean Hogs Futures		164		October 2013		5,292,241		5,497,280		205,039
Light Sweet Crude Oil Futures		21		August 2013		2,010,802		1,936,410		(74,392	)

Type	Number of Contracts		Expiration Month		Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Natural Gas Futures		88		August 2013	$	3,650,457	$	3,522,640	$	(127,817	)
Nickel Futures		27		June 2013		2,690,542		2,392,092		(298,450	)
Nickel Futures		25		August 2013		2,237,742		2,222,550		(15,192	)
Platinum Futures		118		July 2013		8,864,370		8,624,620		(239,750	)
Soybean Futures		102		November 2013		6,228,749		6,651,675		422,926
Soybean Meal Futures		76		December 2013		2,733,376		2,925,240		191,864
Sold Contracts
Aluminum HG Futures		64		June 2013		2,931,091		3,017,200		(86,109	)
Cattle Feeder Futures		89		August 2013		6,548,445		6,422,463		125,982
Coffee Robusta Futures		313		September 2013		6,003,307		6,018,990		(15,683	)
Copper London Metal Exchange Futures		31		June 2013		5,931,241		5,649,944		281,297
Copper London Metal Exchange Futures		29		August 2013		5,313,657		5,298,300		15,357
Gas Oil Futures		113		August 2013		9,847,686		9,588,050		259,636
Gold 100 OZ Futures		179		August 2013		24,723,928		24,934,700		(210,772	)
Heating Oil Futures		36		August 2013		4,358,829		4,220,446		138,383
Lead Futures		28		June 2013		1,437,502		1,546,300		(108,798	)
Nickel Futures		27		June 2013		2,432,186		2,392,092		40,094
Soybean Futures		20		July 2013		1,499,443		1,510,000		(10,557	)
Sugar 11 Futures		51		October 2013		971,385		965,328		6,057
Sugar 11 Futures		101		March 2014		2,030,489		2,020,323		10,166
Wheat Futures		173		July 2013		6,015,035		6,102,575		(87,540	)
									$	310,079

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC Wholesale	JPY	1,493,645	USD	15,720		6/13/13	$	850,798
Barclays Bank PLC Wholesale	USD	4,374	GBP	2,940		6/13/13		92,995
Barclays Bank PLC Wholesale	USD	9,070	JPY	861,275		6/13/13		(495,905	)
Barclays Bank PLC Wholesale	JPY	254,021	USD	2,477		9/17/13		(53,485	)
BNP Paribas SA	EUR	29,415	USD	38,575		6/13/13		341,405
Citibank, NA	JPY	671,201	USD	7,166		6/13/13		484,092
Citibank, NA	USD	4,546	EUR	3,531		6/13/13		43,451
Citibank, NA	USD	2,587	RUB	81,007		6/13/13		(54,426	)
Credit Suisse International	CAD	2,408	USD	2,375		9/17/13		57,965
Credit Suisse International	GBP	2,683	USD	4,099		9/17/13		25,409
Deutsche Bank AG London	CNY	28,379	USD	4,542		6/13/13		(71,881	)
Deutsche Bank AG London	USD	15,430	AUD	15,099		6/13/13		(988,876	)
Deutsche Bank AG London	USD	3,187	CHF	3,013		6/13/13		(36,211	)
Deutsche Bank AG London	USD	3,480	SGD	4,305		6/13/13		(73,756	)
Goldman Sachs Capital Markets LP	BRL	16,333	USD	7,661		6/04/13		35,412
Goldman Sachs Capital Markets LP	USD	7,792	BRL	16,333		6/04/13		(166,633	)
Goldman Sachs Capital Markets LP	AUD	11,162	USD	11,431		6/13/13		755,465
Goldman Sachs Capital Markets LP	JPY	1,819,860	USD	18,527		6/13/13		409,709
Goldman Sachs Capital Markets LP	BRL	16,333	USD	7,750		7/02/13		169,079
HSBC Bank USA	EUR	6,227	USD	8,098		6/13/13		4,543
HSBC Bank USA	GBP	18,237	USD	27,435		6/13/13		(272,662	)
HSBC Bank USA	USD	11,036	HKD	85,566		6/13/13		(12,242	)
JPMorgan Chase Bank, NA	USD	11,180	GBP	7,492		6/13/13		202,329
Royal Bank of Canada	CAD	18,830	USD	18,226		6/13/13		67,514

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Royal Bank of Canada	MXN	28,565	USD	2,329		6/13/13	$	95,550
Royal Bank of Canada	USD	3,980	GBP	2,601		6/13/13		(28,720	)
Royal Bank of Scotland PLC	BRL	16,333	USD	8,140		6/04/13		513,810
Royal Bank of Scotland PLC	USD	7,661	BRL	16,333		6/04/13		(35,412	)
Royal Bank of Scotland PLC	EUR	8,093	USD	10,549		6/13/13		29,616
Royal Bank of Scotland PLC	NOK	11,550	USD	2,029		6/13/13		61,108
Royal Bank of Scotland PLC	USD	3,803	CAD	3,912		6/13/13		(30,635	)
Royal Bank of Scotland PLC	USD	2,717	JPY	277,458		6/13/13		44,726
Standard Chartered Bank	USD	332	MXN	4,272		6/13/13		2,353
Standard Chartered Bank	USD	695	SGD	866		6/13/13		(10,241	)
Standard Chartered Bank	USD	437	ZAR	4,054		6/13/13		(34,988	)
State Street Bank & Trust Co.	CNY	39,940	USD	6,362		6/13/13		(132,223	)
State Street Bank & Trust Co.	HKD	39,667	USD	5,112		6/13/13		2,031
State Street Bank & Trust Co.	RUB	81,007	USD	2,599		6/13/13		67,044
State Street Bank & Trust Co.	THB	167,945	USD	5,617		6/13/13		72,298
State Street Bank & Trust Co.	USD	38,279	CNY	238,306		6/13/13		468,811
State Street Bank & Trust Co.	USD	5,256	EUR	4,020		6/13/13		(30,872	)
State Street Bank & Trust Co.	USD	2,093	IDR	20,453,303		6/13/13		(19,787	)
State Street Bank & Trust Co.	USD	606	MYR	1,893		6/13/13		4,576
State Street Bank & Trust Co.	USD	87	SEK	551		6/13/13		(3,505	)
State Street Bank & Trust Co.	USD	3,275	THB	96,307		6/13/13		(95,736	)
Westpac Banking Corp.	AUD	3,937	USD	4,038		6/13/13		272,723
Westpac Banking Corp.	AUD	1,761	USD	1,742		9/17/13		68,499
							$	2,595,115

CALL OPTIONS WRITTEN

Description	Contracts		Exercise Price		Expiration Month		Premiums Received		U.S. $ Value
S&P 500 Index (g)		405	$	1,750.00		December 2013	$	310,620	$	(931,500	)

INTEREST RATE SWAP CONTRACTS

					Rate Type
Swap Counterparty	Notional Amount (000)		Termination Date		Payments made by the Fund			Payments received by the Fund	Unrealized Appreciation/ (Depreciation)
Bank of America, NA	$	6,040		3/30/22		2.263	%	3 Month LIBOR	$	(82,596	)

INFLATION (CPI) SWAP CONTRACTS

Rate Type

Swap Counterparty

Notional Amount (000)

Termination Date

Payments made by the Fund

Payments received by the Fund

Unrealized Appreciation/ (Depreciation)

Citibank, NA

$

1,500

3/27/18

2.450

%

CPI

#

$

(36,266

)

# Variable interest rate based on the rate of inflation as determined by the Consumer Price Index (CPI).

TOTAL RETURN SWAP CONTRACTS

Receive/Pay Total Return on Reference Index	Index	# of Shares or Units		Rate Paid by the Fund			Notional Amount (000)		Maturity Date		Counterparty	Unrealized Appreciation/ (Depreciation)
Receive Total Return on Reference Index
Receive	Dow Jones-UBS Commodity Index 2 Month Forward		581,422		0.14	%	$	161,460		6/17/13	Credit Suisse International	$	30,154
Receive	Dow Jones-UBS Commodity ex-Precious Metals Index		138,386		0.11	%		17,938		6/17/13	Deutsche Bank AG		(87,851	)
Receive	Dow Jones-UBS Commodity ex-Industrial Metals		147,027		0.12	%		18,130		9/16/13	JPMorgan Chase Bank, NA		(271,052	)
Receive	Dow Jones-UBS Commodity Index 2 Month Forward		369,685		0.14	%		102,661		6/17/13	JPMorgan Chase Bank, NA		19,173
Receive	Dow Jones-UBS Commodity Index 2 Month Forward		19,883		0.14	%		5,521		6/17/13	JPMorgan Chase Bank, NA		1,031
Receive	Dow Jones-UBS Commodity Index 2 Month Forward		11,794		0.14	%		3,275		6/17/13	JPMorgan Chase Bank, NA		612
												$	(307,933	)

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

(b) Non-income producing security.

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2013, the aggregate market value of these securities amounted to $2,159,850 or 0.2% of net assets.

(d) Fair valued by the Adviser.

(e) Illiquid security.

(f) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding. The aggregate market value of these securities amounted to $21,989,170.

(g) One contract relates to 100 shares.

(h) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(i) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $34,840,675 and gross unrealized depreciation of investments was $(34,971,807), resulting in net unrealized depreciation of $(131,132).

Please note: The sector classifications presented herein are based on the sector categorization methodology of the Adviser.

Currency Abbreviations:

AUD	-	Australian Dollar
BRL	-	Brazilian Real
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
CNY	-	Chinese Yuan Renminbi
EUR	-	Euro
GBP	-	Great British Pound
HKD	-	Hong Kong Dollar
IDR	-	Indonesian Rupiah
JPY	-	Japanese Yen
MXN	-	Mexican Peso
MYR	-	Malaysian Ringgit
NOK	-	Norwegian Krone
RUB	-	Russian Ruble
SEK	-	Swedish Krona
SGD	-	Singapore Dollar
THB	-	Thailand Baht
USD	-	United States Dollar
ZAR	-	South African Rand

Glossary:

ADR	-	American Depositary Receipt
GDR	-	Global Depositary Receipt
LIBOR	-	London Interbank Offered Rates
OJSC	-	Open Joint Stock Company
REIT	-	Real Estate Investment Trust
TIPS	-	Treasury Inflation Protected

Multi-Asset Real Return Portfolio

COUNTRY BREAKDOWN *

May 31, 2013 (unaudited)

47.6%	United States
9.7%	United Kingdom
6.0%	Canada
3.6%	Japan
3.4%	Australia
2.8%	Brazil
2.5%	China
2.3%	Hong Kong
1.8%	France
1.4%	Russia
1.0%	Italy
0.9%	Singapore
0.9%	South Africa
5.4%	Other
10.7%	Short-Term
100.0%	Total Investments

* All data are as of May 31, 2013. The Portfolio’s country breakdowns are expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. “Other” country weightings represent 0.7% or less in the following countries: Austria, Belgium, Finland, Germany, India, Indonesia, Israel, Jersey (Channel Islands), Malaysia, Mexico, Netherlands, New Zealand, Norway, Peru, Philippines, Poland, Portugal, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, Ukraine and United Arab Emirates.

AllianceBernstein Pooling Portfolios

Multi-Asset Real Return Portfolio

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

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.

Options and warrants are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management’s proprietary models. Where models are used, the selection of a particular model to value an option or a warrant depends upon the contractual terms of, and specific risks inherent in, the option or warrant as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options will be classified as Level 2. For options or warrants that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options and warrants are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Energy	$	126,250,214		$	78,367,679		$	– 0	–	$	204,617,893
Materials		55,471,987			57,982,120			38,912			113,493,019
Equity: Other		35,749,720			52,272,809			– 0	–		88,022,529
Retail		18,011,000			19,212,460			– 0	–		37,223,460
Residential		20,738,226			15,444,503			139,194			36,321,923
Office		7,146,830			8,785,564			– 0	–		15,932,394
Industrials		5,459,111			4,129,181			– 0	–		9,588,292
Lodging		6,609,065			2,438,103			– 0	–		9,047,168
Food Beverage & Tobacco		3,401,500			656,546			– 0	–		4,058,046
Inflation-Linked Securities		– 0	–		191,623,870			– 0	–		191,623,870
Investment Companies		9,051,538			– 0	–		– 0	–		9,051,538
Options Purchased - Puts		– 0	–		959,580			– 0	–		959,580
Warrants		– 0	–		– 0	–		728,547			728,547
Rights		– 0	–		– 0	–		– 0	–^		– 0	–
Short-Term Investments:
Investment Companies		80,882,939			– 0	–		– 0	–		80,882,939
U.S. Treasury Bills		– 0	–		5,299,643			– 0	–		5,299,643
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		11,829,148			– 0	–		– 0	–		11,829,148
Total Investments in Securities		380,601,278			437,172,058	+		906,653			818,679,989
Other Financial Instruments* :
Assets:
Futures Contracts		1,897,128			– 0	–		– 0	–		1,897,128
Forward Currency Exchange Contracts		– 0	–		5,243,312			– 0	–		5,243,312
Total Return Swap Contracts		– 0	–		50,970			– 0	–		50,970
Liabilities:
Futures Contracts		(1,587,049	)		– 0	–		– 0	–		(1,587,049	)
Forward Currency Exchange Contracts		– 0	–		(2,648,197	)		– 0	–		(2,648,197	)
Call Options Written		– 0	–		(931,500	)		– 0	–		(931,500	)
Interest Rate Swap Contracts		– 0	–		(82,596	)		– 0	–		(82,596	)
Inflation (CPI) Swap Contracts		– 0	–		(36,266	)		– 0	–		(36,266	)
Total Return Swap Contracts		– 0	–		(358,903	)		– 0	–		(358,903	)
Total++	$	380,911,357		$	438,408,878		$	906,653		$	820,226,888

^ The Portfolio held securities with zero market value at period end.

+ A significant portion of the Portfolio ‘s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

++ There were de minimis transfers under 1% of net assets between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

	Materials			Residential			Warrants
Balance as of 8/31/12	$	123,918		$	– 0	–	$	– 0	–
Accrued discounts/(premiums)		– 0	–		– 0	–		– 0	–
Realized gain (loss)		– 0	–		(3,112	)		23,846
Change in unrealized appreciation/depreciation		(85,006	)		10,511			262,559
Purchases		– 0	–		170,922			559,940
Sales		– 0	–		(39,127	)		(117,798	)
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–		– 0	–
Balance as of 5/31/13	$	38,912		$	139,194		$	728,547
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(85,006	)	$	10,511		$	262,559

	Rights^			Total
Balance as of 8/31/12	$	– 0	–	$	123,918
Accrued discounts/(premiums)		– 0	–		– 0	–
Realized gain (loss)		– 0	–		20,734
Change in unrealized appreciation/depreciation		– 0	–		188,064
Purchases		– 0	–		730,862
Sales		– 0	–		(156,925	)
Transfers in to Level 3		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–
Balance as of 5/31/13	$	– 0	–	$	906,653
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	– 0	–	$	188,064

^ The Portfolio held securities with zero market value at period end.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

International Value Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 97.9%
Financials - 26.1%
Capital Markets - 3.1%
Credit Suisse Group AG (a)		247,892	$	7,326,769
Deutsche Bank AG (REG)		183,427		8,522,362
Macquarie Group Ltd.		340,580		13,887,670
				29,736,801
Commercial Banks - 14.9%
Banco do Brasil SA		991,400		11,646,103
Bank Hapoalim BM (a)		379,857		1,757,664
Bank of Montreal		126,890		7,511,203
Bank of Nova Scotia		66,650		3,795,530
Barclays PLC		1,455,330		6,971,218
China Construction Bank Corp.-Class H		9,612,000		7,761,788
HSBC Holdings PLC		1,377,930		15,117,307
Industrial & Commercial Bank of China Ltd.-Class H		7,675,000		5,389,512
KB Financial Group, Inc.		389,452		12,641,180
Lloyds Banking Group PLC (a)		4,306,440		4,002,580
Mitsubishi UFJ Financial Group, Inc.		2,395,800		13,904,052
National Australia Bank Ltd.		398,800		10,971,299
National Bank of Canada		56,200		4,135,518
Sberbank of Russia (Sponsored ADR)		700,310		8,571,794
Societe Generale SA (b)		350,814		13,991,207
State Bank of India		51,870		1,873,800
Sumitomo Mitsui Financial Group, Inc.		189,900		7,497,208
Toronto-Dominion Bank (The)		101,520		8,224,417
				145,763,380
Diversified Financial Services - 2.3%
ING Groep NV (a)		1,660,450		15,483,186
ORIX Corp.		558,200		7,402,832
				22,886,018
Insurance - 3.1%
Aegon NV		1,058,061		7,218,934
AIA Group Ltd.		250,600		1,107,901
Allianz SE		30,040		4,640,173
Aviva PLC		982,260		4,936,187
Muenchener Rueckversicherungs AG		27,300		5,092,127
Suncorp Group Ltd.		620,780		7,350,209
				30,345,531
Real Estate Investment Trusts (REITs) - 1.2%
Mexico Real Estate Management SA de CV (a)		2,079,490		5,153,871
Stockland		1,885,742		6,539,678
				11,693,549
Real Estate Management & Development - 1.5%
China Overseas Land & Investment Ltd.		1,228,000		3,632,314
Evergrande Real Estate Group Ltd. (b)		17,540,000		6,996,365

Company	Shares		U.S. $ Value
New World Development Co., Ltd.		2,357,836		3,737,006
				14,365,685
				254,790,964
Consumer Discretionary - 14.0%
Auto Components - 3.5%
Cie Generale des Etablissements Michelin-Class B (b)		141,992		12,391,675
GKN PLC		1,567,200		7,028,501
Magna International, Inc. (Toronto)-Class A (b)		70,260		4,685,581
Valeo SA		149,160		9,939,410
				34,045,167
Automobiles - 5.9%
Honda Motor Co., Ltd.		260,300		9,663,572
Kia Motors Corp.		196,830		10,214,272
Mazda Motor Corp. (a)		2,432,000		9,355,558
Nissan Motor Co., Ltd.		852,100		9,201,772
Renault SA		58,870		4,543,603
Volkswagen AG (Preference Shares)		66,100		14,355,686
				57,334,463
Hotels, Restaurants & Leisure - 1.1%
Autogrill SpA		292,600		3,830,671
Melco Crown Entertainment Ltd. (ADR) (a)		284,140		6,756,849
				10,587,520
Household Durables - 0.5%
Sony Corp.		249,100		4,925,378
Leisure Equipment & Products - 0.3%
Namco Bandai Holdings, Inc.		197,500		3,201,324
Multiline Retail - 0.3%
Myer Holdings Ltd. (b)		1,205,610		2,805,734
Specialty Retail - 1.9%
Kingfisher PLC		798,510		4,160,098
Shimamura Co., Ltd.		35,100		4,032,318
Yamada Denki Co., Ltd. (b)		275,780		10,402,575
				18,594,991
Textiles, Apparel & Luxury Goods - 0.5%
Cie Financiere Richemont SA (SWX Europe)		62,160		5,496,258
				136,990,835
Energy - 10.4%
Energy Equipment & Services - 1.5%
Aker Solutions ASA		447,617		6,596,005
Seadrill Ltd.		194,940		7,884,282
				14,480,287
Oil, Gas & Consumable Fuels - 8.9%
BP PLC		2,593,460		18,535,984
Cameco Corp.		222,800		4,843,899
Canadian Natural Resources Ltd.		148,280		4,419,438

Company	Shares		U.S. $ Value
China Petroleum & Chemical Corp.-Class H		5,194,000		5,310,277
ENI SpA		371,080		8,438,916
Gazprom OAO (Sponsored ADR)		1,202,310		9,101,487
JX Holdings, Inc.		943,400		4,583,273
LUKOIL OAO (London) (Sponsored ADR)		75,820		4,439,261
Petroleo Brasileiro SA (Sponsored ADR)		537,910		10,026,642
Royal Dutch Shell PLC (Euronext Amsterdam)-Class A		354,552		11,839,284
Suncor Energy, Inc. (Toronto)		179,390		5,441,828
				86,980,289
				101,460,576
Industrials - 8.7%
Aerospace & Defense - 3.2%
European Aeronautic Defence and Space Co. NV (b)		233,668		13,454,733
Saab AB		114,161		2,354,200
Safran SA (b)		154,269		8,200,079
Zodiac Aerospace		57,420		7,563,810
				31,572,822
Airlines - 1.9%
Japan Airlines Co., Ltd.		147,600		7,565,620
Qantas Airways Ltd. (a)		4,334,778		6,557,088
Turk Hava Yollari		847,020		3,925,322
				18,048,030
Building Products - 0.5%
Asahi Glass Co., Ltd.		712,000		5,067,526
Electrical Equipment - 1.4%
Sumitomo Electric Industries Ltd.		1,135,900		13,587,764
Industrial Conglomerates - 0.4%
Siemens AG		32,320		3,406,928
Road & Rail - 0.7%
Canadian National Railway Co.		39,450		4,003,409
Tokyu Corp.		489,000		3,044,050
				7,047,459
Trading Companies & Distributors - 0.6%
Mitsubishi Corp.		326,500		5,642,672
				84,373,201
Materials - 8.6%
Chemicals - 2.2%
Arkema SA (b)		69,860		7,186,503
BASF SE		36,710		3,557,760
Koninklijke DSM NV		116,029		7,612,726
Teijin Ltd.		1,473,000		3,331,501
				21,688,490
Construction Materials - 0.3%
Boral Ltd.		725,500		3,134,209

Company	Shares		U.S. $ Value
Metals & Mining - 6.1%
Anglo American PLC		220,500		5,052,159
Dowa Holdings Co., Ltd.		474,000		3,930,669
Goldcorp, Inc.		262,790		7,799,420
KGHM Polska Miedz SA		100,000		4,467,581
Kinross Gold Corp.		686,250		4,501,085
MMC Norilsk Nickel OJSC (ADR)		751,630		10,883,602
Rio Tinto PLC		243,340		10,393,229
Vale SA (Sponsored ADR) (Local Preference Shares)		899,320		12,122,834
				59,150,579
				83,973,278
Information Technology - 8.1%
Computers & Peripherals - 0.9%
Fujitsu Ltd.		2,052,000		8,494,621
Electronic Equipment, Instruments & Components - 1.8%
LG Display Co., Ltd. (a)		633,910		17,452,961
Semiconductors & Semiconductor Equipment - 5.1%
Samsung Electronics Co., Ltd.		15,040		20,264,293
SK Hynix, Inc. (a)		485,830		13,628,487
Sumco Corp.		564,100		6,765,442
Taiwan Semiconductor Manufacturing Co., Ltd.		1,026,000		3,730,664
Tokyo Electron Ltd.		114,100		5,612,351
				50,001,237
Software - 0.3%
Nintendo Co., Ltd.		32,000		3,160,198
				79,109,017
Health Care - 7.0%
Biotechnology - 1.4%
Actelion Ltd. (a)		235,950		14,093,780
Pharmaceuticals - 5.6%
GlaxoSmithKline PLC		937,970		24,268,258
Novartis AG		135,180		9,683,213
Roche Holding AG		82,890		20,551,447
				54,502,918
				68,596,698
Consumer Staples - 6.8%
Beverages - 0.6%
Asahi Group Holdings Ltd.		261,300		6,265,238
Food & Staples Retailing - 2.4%
Koninklijke Ahold NV		771,330		12,506,307
Tesco PLC		607,460		3,363,739
WM Morrison Supermarkets PLC		1,696,480		7,047,055
				22,917,101
Food Products - 0.4%
Danone SA		48,930		3,612,763
Tobacco - 3.4%
British American Tobacco PLC		155,490		8,543,970

Company	Shares		U.S. $ Value
Imperial Tobacco Group PLC		315,820		11,333,118
Japan Tobacco, Inc.		296,500		10,090,783
KT&G Corp.		50,610		3,566,041
				33,533,912
				66,329,014
Telecommunication Services - 5.3%
Diversified Telecommunication Services - 2.9%
Nippon Telegraph & Telephone Corp.		319,000		15,733,075
TDC A/S		836,004		6,536,726
Vivendi SA		320,067		6,264,466
				28,534,267
Wireless Telecommunication Services - 2.4%
China Mobile Ltd.		595,000		6,272,633
Turkcell Iletisim Hizmetleri AS (a)		653,900		4,023,947
Vodafone Group PLC		4,519,147		13,096,981
				23,393,561
				51,927,828
Utilities - 2.9%
Electric Utilities - 1.4%
EDP - Energias de Portugal SA		2,033,080		6,556,429
Electricite de France SA (b)		304,530		6,910,420
				13,466,849
Multi-Utilities - 1.5%
Centrica PLC		1,278,820		7,354,104
National Grid PLC		599,710		7,130,797
				14,484,901
				27,951,750
Total Common Stocks (cost $871,540,884)				955,503,161
SHORT-TERM INVESTMENTS - 0.9%
Investment Companies - 0.9%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (c) (cost $8,982,114)		8,982,114		8,982,114
Total Investments Before Security Lending Collateral for Securities Loaned - 98.8% (cost $880,522,998)				964,485,275
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 7.6%
Investment Companies - 7.6%
AllianceBernstein Exchange Reserves-Class I, 0.07% (c) (cost $74,503,087)		74,503,087		74,503,087

Company	Shares	U.S. $ Value
Total Investments - 106.4% (cost $955,026,085) (d)			1,038,988,362
Other assets less liabilities - (6.4)% (e)			(62,688,460	)
Net Assets - 100.0%		$	976,299,902

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month	Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
Euro STOXX 50 Index Futures		147	June 2013	$	5,054,349	$	5,300,093	$	245,744

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
BNP Paribas SA	AUD	25,757	USD	24,919		8/16/13	$	394,716
BNP Paribas SA	KRW	37,647,260	USD	33,996		8/16/13		843,873
Canadian Imperial Bank of Commerce	CAD	26,275	USD	25,448		8/16/13		148,402
Credit Suisse International	USD	19,210	GBP	12,647		8/16/13		(3,289	)
Deutsche Bank AG London	USD	49,812	SEK	326,157		8/16/13		(647,397	)
Goldman Sachs Capital Markets LP	GBP	28,919	USD	44,824		8/16/13		905,745
Goldman Sachs Capital Markets LP	USD	12,321	NZD	14,477		8/16/13		(871,666	)
HSBC Bank USA	JPY	6,225,889	USD	62,769		8/16/13		770,984
Royal Bank of Scotland PLC	JPY	6,079,820	USD	62,026		8/16/13		1,482,984
Royal Bank of Scotland PLC	USD	12,318	AUD	11,975		8/16/13		(915,855	)
Royal Bank of Scotland PLC	USD	3,827	NZD	4,768		8/16/13		(55,740	)
State Street Bank & Trust Co.	USD	6,227	EUR	4,750		8/16/13		(50,279	)
UBS AG	USD	6,801	AUD	6,543		8/16/13		(571,535	)
Westpac Banking Corp.	USD	9,795	NZD	11,590		8/16/13		(629,168	)
							$	801,775

(a) Non-income producing security.

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

(c) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(d) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $129,928,725 and gross unrealized depreciation of investments was $(45,966,448), resulting in net unrealized appreciation of $83,962,277.

(e) An amount of U.S. $402,417 has been segregated to collateralize margin requirements for the open futures contracts at May 31, 2013.

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

Currency Abbreviation:

AUD	-	Australian Dollar
CAD	-	Canadian Dollar
EUR	-	Euro
GBP	-	Great British Pound
JPY	-	Japanese Yen
KRW	-	South Korean Won
NZD	-	New Zealand Dollar
SEK	-	Swedish Krona
USD	-	United States Dollar

Glossary:

ADR	-	American Depositary Receipt
OJSC	-	Open Joint Stock Company
REG	-	Registered Shares

International Value Portfolio

COUNTRY BREAKDOWN*

May 31, 2013 (unaudited)

18.9%	Japan
17.6%	United Kingdom
9.8%	France
8.1%	South Korea
6.2%	Canada
5.9%	Switzerland
5.3%	Australia
4.4%	Netherlands
4.1%	Germany
3.7%	China
3.5%	Brazil
3.4%	Russia
1.5%	Norway
1.3%	Italy
5.4%	Other
0.9%	Short-Term
100.0%

* All data are as of May 31, 2013. The Fund’s country breakdowns are expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 1.2% or less in the following countries: Denmark, Hong Kong, India, Israel, Mexico, Poland, Portugal, Sweden, Taiwan, Turkey and United States.

AllianceBernstein Pooling Portfolios

International Value Portfolio

May 31, 2013 (unaudited)

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

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

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

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

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 Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks:

Financials

$

40,466,642

$

214,324,322

$

– 0

–

$

254,790,964

Consumer Discretionary

11,442,430

125,548,405

– 0

–

136,990,835

Energy

38,272,555

63,188,021

– 0

–

101,460,576

Industrials

4,003,409

80,369,792

– 0

–

84,373,201

Materials

35,306,941

48,666,337

– 0

–

83,973,278

Information Technology

– 0

–

79,109,017

– 0

–

79,109,017

Health Care

– 0

–

68,596,698

– 0

–

68,596,698

Consumer Staples

3,566,041

62,762,973

– 0

–

66,329,014

Telecommunication Services

– 0

–

51,927,828

– 0

–

51,927,828

Utilities

– 0

–

27,951,750

– 0

–

27,951,750

Short-Term Investments

8,982,114

– 0

–

– 0

–

8,982,114

Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund

74,503,087

– 0

–

– 0

–

74,503,087

Total Investments in Securities

216,543,219

822,445,143

+

– 0

–

1,038,988,362

Other Financial Instruments*:

Assets:

Futures Contracts

– 0

–

245,744

– 0

–

245,744

Forward Currency Exchange Contracts

– 0

–

4,546,704

– 0

–

4,546,704

Liabilities:

Forward Currency Exchange Contracts

– 0

–

(3,744,929

)

–0

–

(3,744,929

)

Total ^

$

216,543,219

$

823,492,662

$

– 0

–

$

1,040,035,881

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ A significant portion of the Portfolio’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

^ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

International Growth Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 98.2%
Financials - 29.8%
Capital Markets - 3.5%
UBS AG (a)		1,961,863	$	34,422,837
Commercial Banks - 2.5%
HSBC Holdings PLC		926,870		10,168,716
Sberbank of Russia (Sponsored ADR)		1,173,826		14,367,630
				24,536,346
Consumer Finance - 2.2%
Muthoot Finance Ltd.		1,701,690		4,162,446
Shriram Transport Finance Co., Ltd.		1,225,720		17,543,323
				21,705,769
Diversified Financial Services - 1.8%
BM&FBovespa SA		708,000		4,591,521
IG Group Holdings PLC		1,487,690		13,005,782
				17,597,303
Insurance - 10.3%
Admiral Group PLC		1,101,591		22,211,734
AIA Group Ltd.		5,265,600		23,279,188
BB Seguridade Participacoes SA (a)		1,777,500		14,971,566
Lancashire Holdings Ltd.		1,362,012		16,434,684
Prudential PLC		1,421,090		23,904,290
				100,801,462
Real Estate Investment Trusts (REITs) - 0.4%
GLP J-Reit (b)		3,488		3,207,631
Real Estate Management & Development - 6.3%
Daito Trust Construction Co., Ltd.		106,400		9,902,688
Global Logistic Properties Ltd.		8,829,000		19,526,399
Hang Lung Properties Ltd.		6,838,000		23,902,486
Mitsubishi Estate Co., Ltd.		335,000		8,253,386
				61,584,959
Thrifts & Mortgage Finance - 2.8%
Housing Development Finance Corp.		1,693,330		26,930,798
				290,787,105
Consumer Discretionary - 17.7%
Auto Components - 0.4%
Nokian Renkaat OYJ		103,930		4,332,459
Automobiles - 3.4%
Nissan Motor Co., Ltd.		127,200		1,373,624
Toyota Motor Corp.		554,400		32,354,402
				33,728,026
Distributors - 2.1%
Li & Fung Ltd.		14,624,000		20,332,933
Diversified Consumer Services - 2.3%
Anhanguera Educacional Participacoes SA		787,000		4,817,243
Estacio Participacoes SA		1,966,200		15,248,194

Company	Shares		U.S. $ Value
Kroton Educacional SA		158,100		2,268,378
				22,333,815
Hotels, Restaurants & Leisure - 4.5%
Ajisen China Holdings Ltd. (b)		6,500,800		4,883,719
Galaxy Entertainment Group Ltd. (a)		1,515,000		7,864,501
Melco International Development Ltd. (b)		2,272,000		4,952,529
Sands China Ltd.		1,867,200		9,863,382
Sodexo		188,286		16,068,620
				43,632,751
Media - 1.3%
Naspers Ltd.		170,150		12,526,427
Specialty Retail - 1.9%
Belle International Holdings Ltd.		6,536,000		10,031,674
L’Occitane International SA (b)		1,607,250		4,219,840
Nitori Holdings Co., Ltd.		31,050		2,443,320
Zhongsheng Group Holdings Ltd. (b)		1,732,500		2,164,295
				18,859,129
Textiles, Apparel & Luxury Goods - 1.8%
Cie Financiere Richemont SA (SWX Europe)		138,980		12,288,771
LVMH Moet Hennessy Louis Vuitton SA		12,900		2,278,703
Samsonite International SA		1,066,100		2,760,370
				17,327,844
				173,073,384
Industrials - 16.0%
Commercial Services & Supplies - 1.1%
Aggreko PLC		141,540		3,807,048
Edenred		224,401		7,135,110
				10,942,158
Construction & Engineering - 1.0%
Larsen & Toubro Ltd. (a)		409,446		10,153,470
Machinery - 2.9%
FANUC Corp.		84,800		12,488,053
Komatsu Ltd.		612,800		15,345,546
				27,833,599
Professional Services - 10.4%
Bureau Veritas SA (b)		192,250		22,219,845
Capita PLC		2,127,157		30,989,981
Intertek Group PLC		675,219		32,825,892
Qualicorp SA (a)		257,000		2,273,859
SGS SA		5,719		12,815,314
				101,124,891
Road & Rail - 0.6%
Globaltrans Investment PLC (Sponsored GDR) (c)		391,070		5,944,264
				155,998,382

Company	Shares		U.S. $ Value
Consumer Staples - 15.5%
Beverages - 0.8%
Anheuser-Busch InBev NV		82,080		7,558,358
Food & Staples Retailing - 4.1%
Jeronimo Martins SGPS SA		676,501		14,433,412
Olam International Ltd.		17,062,370		23,565,158
Tsuruha Holdings, Inc.		31,100		2,503,920
				40,502,490
Food Products - 1.0%
Unilever PLC		229,003		9,619,338
Household Products - 2.2%
Henkel AG & Co. KGaA		207,353		16,865,778
LG Household & Health Care Ltd.		8,640		4,749,351
				21,615,129
Tobacco - 7.4%
British American Tobacco PLC		701,629		38,553,588
Japan Tobacco, Inc.		986,300		33,566,743
				72,120,331
				151,415,646
Information Technology - 9.4%
Internet Software & Services - 3.4%
Baidu, Inc. (Sponsored ADR) (a)		196,693		19,008,411
Telecity Group PLC		629,739		9,216,153
Tencent Holdings Ltd.		134,500		5,287,156
				33,511,720
Semiconductors & Semiconductor Equipment - 4.8%
Samsung Electronics Co., Ltd. (Preference Shares)		50,003		43,355,829
Taiwan Semiconductor Manufacturing Co., Ltd.		844,000		3,068,889
				46,424,718
Software - 1.2%
Dassault Systemes SA (b)		20,950		2,625,943
SAP AG (b)		126,390		9,458,761
				12,084,704
				92,021,142
Materials - 4.2%
Chemicals - 1.3%
Filtrona PLC		1,187,917		12,518,287
Construction Materials - 1.3%
Grasim Industries Ltd. (GDR) (c)		54,745		2,766,812
Holcim Ltd. (a)		31,843		2,469,742
Semen Indonesia Persero Tbk PT		4,150,000		7,607,907
				12,844,461
Metals & Mining - 1.6%
BHP Billiton PLC		562,940		16,187,412
				41,550,160

Company	Shares		U.S. $ Value
Energy - 3.1%
Energy Equipment & Services - 1.8%
AMEC PLC		476,001		7,356,422
Technip SA		88,990		9,892,445
				17,248,867
Oil, Gas & Consumable Fuels - 1.3%
NovaTek OAO (Sponsored GDR) (c)		114,330		12,749,296
				29,998,163
Health Care - 1.4%
Health Care Providers & Services - 0.2%
Odontoprev SA		416,600		1,952,873
Life Sciences Tools & Services - 0.6%
Eurofins Scientific (a)		28,907		5,626,576
Pharmaceuticals - 0.6%
Sun Pharmaceutical Industries Ltd.		342,410		6,287,468
				13,866,917
Utilities - 1.1%
Independent Power Producers & Energy Traders - 1.1%
APR Energy PLC		885,248		11,163,872
Total Common Stocks (cost $871,723,843)				959,874,771
WARRANTS - 0.4%
Industrials - 0.3%
Industrial Conglomerates - 0.3%
John Keells Holdings PLC, Deutsche Bank AG London, expiring 7/05/19 (a)		1,414,604		3,186,395
Consumer Staples - 0.1%
Food & Staples Retailing - 0.1%
Olam International Ltd., expiring 12/03/17 (a)		2,702,057		986,251
Total Warrants (cost $2,320,593)				4,172,646
	Principal Amount (000)
CORPORATES - NON-INVESTMENT GRADES - 0.3%
Industrial - 0.3%
Consumer Non-Cyclical - 0.3%
Olam International Ltd. 6.75%, 1/29/18 (c) (cost $2,821,259)	U.S.$	2,961		2,917,727

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS - 1.1%
Investment Companies - 1.1%
AllianceBernstein Fixed-Income Shares, Inc.- Government STIF Portfolio, 0.09% (d) (cost $10,477,988)		10,477,988		10,477,988
Total Investments Before Security Lending Collateral for Securities Loaned - 100.0% (cost $887,343,683)				977,443,132
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 2.9%
Investment Companies - 2.9%
AllianceBernstein Exchange Reserves-Class I, 0.07% (d) (cost $28,114,303)		28,114,303		28,114,303
Total Investments - 102.9% (cost $915,457,986) (e)				1,005,557,435
Other assets less liabilities - (2.9)%				(28,577,427	)
Net Assets - 100.0%			$	976,980,008

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts  to Deliver (000)		In  Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC Wholesale	EUR	5,461	USD	7,136		6/13/13	$	38,121
Barclays Bank PLC Wholesale	USD	7,620	JPY	785,210		6/13/13		196,468
BNP Paribas SA	AUD	41,428	USD	40,258		6/13/13		635,581
Citibank, NA	USD	21,714	SEK	139,715		6/13/13		(624,268	)
Credit Suisse International	USD	41,854	GBP	27,545		6/13/13		(5,178	)
Deutsche Bank AG London	USD	47,629	AUD	46,665		6/13/13		(2,997,238	)
Deutsche Bank AG London	USD	4,859	CHF	4,606		6/13/13		(41,530	)
HSBC Bank USA	GBP	61,537	USD	92,573		6/13/13		(920,040	)
HSBC Bank USA	HKD	309,736	USD	39,947		6/13/13		44,312
HSBC Bank USA	USD	31,555	GBP	20,390		6/13/13		(576,201	)
JPMorgan Chase Bank, NA	CAD	4,902	USD	4,824		6/13/13		96,863
JPMorgan Chase Bank, NA	SGD	5,853	USD	4,727		6/13/13		95,861
Royal Bank of Canada	USD	74,867	CAD	77,349		6/13/13		(277,330	)
Royal Bank of Scotland PLC	CHF	4,606	USD	4,735		6/13/13		(81,727	)
Royal Bank of Scotland PLC	GBP	27,611	USD	41,559		6/13/13		(390,576	)
Royal Bank of Scotland PLC	JPY	5,755,660	USD	59,643		6/13/13		2,345,053
Royal Bank of Scotland PLC	SGD	3,325	USD	2,660		6/13/13		28,984
Royal Bank of Scotland PLC	USD	6,474	NOK	36,863		6/13/13		(195,031	)
Societe Generale	EUR	3,800	USD	4,944		6/13/13		5,196
Societe Generale	JPY	1,470,520	USD	14,906		9/17/13		259,544
Standard Chartered Bank	HKD	73,463	USD	9,474		6/13/13		10,343
Standard Chartered Bank	USD	4,120	HKD	31,980		6/13/13		(76	)
Standard Chartered Bank	USD	25,980	SGD	32,305		6/13/13		(421,562	)

Counterparty	Contracts  to Deliver (000)		In  Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
State Street Bank & Trust Co.	USD	12,583	AUD	12,294		6/13/13	$	(824,950	)
UBS AG	USD	3,441	AUD	3,376		6/13/13		(212,323	)
							$	(3,811,704	)

(a) Non-income producing security.

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

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2013, the aggregate market value of these securities amounted to $24,378,099 or 2.5% of net assets.

(d) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(e) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $141,290,916 and gross unrealized depreciation of investments was $(51,191,467), resulting in net unrealized appreciation of $90,099,449.

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

Currency Abbreviations:

AUD	-	Australian Dollar
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
EUR	-	Euro
GBP	-	Great British Pound
HKD	-	Hong Kong Dollar
JPY	-	Japanese Yen
NOK	-	Norwegian Krone
SEK	-	Swedish Krona
SGD	-	Singapore Dollar
USD	-	United States Dollar

Glossary:

ADR	-	American Depositary Receipt
GDR	-	Global Depositary Receipt

INTERNATIONAL GROWTH PORTFOLIO

COUNTRY BREAKDOWN *

May 31, 2013 (unaudited)

26.4%	United Kingdom
12.4%	Japan
10.5%	Hong Kong
6.9%	India
6.7%	France
6.4%	Switzerland
4.9%	South Korea
4.8%	Singapore
4.7%	Brazil
3.2%	China
2.8%	Russia
2.7%	Germany
1.5%	Portugal
5.0%	Other
1.1%	Short-Term
100.0%

* All data are as of May 31, 2013. The Portfolio’s sector and country breakdowns are expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. “Other” country weightings represent 1.3% or less in the following countries: Belgium, Cyprus, Finland, Indonesia, Luxembourg, South Africa, Sri Lanka and Taiwan.

AllianceBernstein Pooling Portfolios

International Growth Portfolio

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

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.

Options and warrants are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management’s proprietary models. Where models are used, the selection of a particular model to value an option or a warrant depends upon the contractual terms of, and specific risks inherent in, the option or warrant as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options will be classified as Level 2. For options or warrants that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options and warrants are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Financials	$	19,563,087		$	271,224,018		$	– 0	–	$	290,787,105
Consumer Discretionary		38,402,435			134,670,949			– 0	–		173,073,384
Industrials		8,218,123			147,780,259			– 0	–		155,998,382
Consumer Staples		14,433,412			136,982,234			– 0	–		151,415,646
Information Technology		19,008,411			73,012,731			– 0	–		92,021,142
Materials		2,766,812			38,783,348			– 0	–		41,550,160
Energy		5,859,757			24,138,406			– 0	–		29,998,163
Health Care		8,240,341			5,626,576			– 0	–		13,866,917
Utilities		11,163,872			– 0	–		– 0	–		11,163,872
Warrants		986,251			– 0	–		3,186,395			4,172,646
Corporates - Non-Investment Grades		– 0	–		– 0	–		2,917,727			2,917,727
Short-Term Investments		10,477,988			– 0	–		– 0	–		10,477,988
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		28,114,303			– 0	–		– 0	–		28,114,303
Total Investments in Securities		167,234,792			832,218,521	+		6,104,122			1,005,557,435
Other Financial Instruments*:
Assets:
Forward Currency Exchange Contracts		– 0	–		4,054,964			– 0	–		4,054,964
Liabilities:
Forward Currency Exchange Contracts		– 0	–		(7,866,668	)		– 0	–		(7,866,668	)
Total ^(a)	$	167,234,792		$	828,406,817		$	6,104,122		$	1,001,745,731

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ A significant portion of the Portfolio’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

^ There were de minimis transfers under 1% of net assets from Level 1 to Level 2 during the reporting period.

(a) An amount of $19,544,076 was transferred from Level 2 to Level 1 due to increase in observable inputs during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

	Warrants			Corporates - Non-Investment Grades			Total
Balance as of 8/31/12	$	1,379,326		$	– 0	–	$	1,379,326
Accrued discounts/(premiums)		– 0	–		13,597			13,597
Realized gain (loss)		– 0	–		69,192			69,192
Change in unrealized appreciation/depreciation		950,751			96,468			1,047,219
Purchases		856,318			4,959,610			5,815,928
Sales		– 0	–		(2,221,140	)		(2,221,140	)
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–		– 0	–
Balance as of 5/31/13	$	3,186,395		$	2,917,727		$	6,104,122
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	950,751		$	96,468		$	1,047,219

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for

the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Small-Mid Cap Value Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 99.2%
Financials - 24.6%
Capital Markets - 1.0%
E*Trade Financial Corp. (a)		280,190	$	3,258,610
Commercial Banks - 9.9%
Associated Banc-Corp		195,480		3,012,347
CapitalSource, Inc.		333,380		3,137,106
Comerica, Inc.		111,760		4,413,402
First Niagara Financial Group, Inc.		388,458		3,795,235
Huntington Bancshares, Inc./OH		618,090		4,790,197
Popular, Inc. (a)		157,457		4,723,710
Susquehanna Bancshares, Inc.		197,103		2,367,207
Webster Financial Corp.		73,510		1,716,459
Zions Bancorporation		173,490		4,866,394
				32,822,057
Insurance - 7.4%
Aspen Insurance Holdings Ltd.		124,040		4,557,230
Fidelity National Financial, Inc.-Class A		175,890		4,627,666
Reinsurance Group of America, Inc.-Class A		47,890		3,155,472
Torchmark Corp.		63,130		4,072,516
Unum Group		134,630		3,834,262
Validus Holdings Ltd.		116,950		4,223,065
				24,470,211
Real Estate Investment Trusts (REITs) - 6.3%
American Realty Capital Properties, Inc.		214,550		3,265,451
BioMed Realty Trust, Inc.		127,050		2,659,156
Camden Property Trust		29,730		2,058,802
LTC Properties, Inc.		84,410		3,512,300
Mid-America Apartment Communities, Inc.		27,700		1,882,769
Plum Creek Timber Co., Inc.		62,870		2,998,899
RLJ Lodging Trust		205,460		4,758,454
				21,135,831
				81,686,709
Information Technology - 19.7%
Communications Equipment - 0.7%
Harris Corp.		48,630		2,437,822
Electronic Equipment, Instruments & Components - 9.1%
Anixter International, Inc. (a)		42,100		3,230,333
Arrow Electronics, Inc. (a)		114,060		4,535,025
AU Optronics Corp. (Sponsored ADR) (a)		527,134		2,351,018
Avnet, Inc. (a)		130,820		4,468,811
Flextronics International Ltd. (a)		287,730		2,146,466
Insight Enterprises, Inc. (a)		168,453		3,242,720
Jabil Circuit, Inc.		183,630		3,683,618
TTM Technologies, Inc. (a)		271,558		2,194,189
Vishay Intertechnology, Inc. (a)		315,950		4,600,232
				30,452,412
IT Services - 2.9%
Amdocs Ltd.		121,500		4,337,550
Convergys Corp.		169,840		3,085,993

Company	Shares		U.S. $ Value
VeriFone Systems, Inc. (a)		94,420		2,202,818
				9,626,361
Semiconductors & Semiconductor Equipment - 5.8%
Amkor Technology, Inc. (a)(b)		312,330		1,417,978
Entegris, Inc. (a)		384,720		4,008,782
Lam Research Corp. (a)		88,640		4,146,579
Micron Technology, Inc. (a)		271,700		3,173,456
MKS Instruments, Inc.		83,384		2,347,260
SunEdison, Inc. (a)		520,050		4,196,804
				19,290,859
Software - 1.2%
Electronic Arts, Inc. (a)		169,270		3,891,517
				65,698,971
Consumer Discretionary - 18.2%
Auto Components - 3.8%
Dana Holding Corp.		161,990		3,064,851
Lear Corp.		69,720		4,181,806
Tenneco, Inc. (a)		15,070		668,505
TRW Automotive Holdings Corp. (a)		74,170		4,698,669
				12,613,831
Automobiles - 1.2%
Thor Industries, Inc.		88,590		3,783,679
Hotels, Restaurants & Leisure - 2.4%
MGM Resorts International (a)		300,532		4,559,071
Royal Caribbean Cruises Ltd.		100,640		3,523,406
				8,082,477
Household Durables - 4.5%
Meritage Homes Corp. (a)		97,600		4,622,336
Newell Rubbermaid, Inc.		75,730		2,047,739
NVR, Inc. (a)		3,430		3,372,753
PulteGroup, Inc. (a)		220,750		4,765,993
				14,808,821
Media - 1.9%
Gannett Co., Inc.		87,290		1,876,735
Regal Entertainment Group-Class A		248,640		4,400,928
				6,277,663
Specialty Retail - 3.1%
GameStop Corp.-Class A (b)		52,610		1,744,547
Men’s Wearhouse, Inc. (The)		139,180		5,038,316
Office Depot, Inc. (a)		820,770		3,619,596
				10,402,459
Textiles, Apparel & Luxury Goods - 1.3%
Jones Group, Inc. (The)		305,120		4,445,599
				60,414,529

Company	Shares		U.S. $ Value
Industrials - 11.4%
Commercial Services & Supplies - 2.2%
Avery Dennison Corp.		88,060		3,830,610
Steelcase, Inc.		251,330		3,478,407
				7,309,017
Construction & Engineering - 1.7%
Granite Construction, Inc.		105,650		3,260,359
Tutor Perini Corp. (a)		128,790		2,385,191
				5,645,550
Electrical Equipment - 2.0%
EnerSys, Inc. (a)		50,180		2,500,469
General Cable Corp. (a)		122,540		4,333,015
				6,833,484
Machinery - 3.0%
Terex Corp. (a)		150,780		5,408,479
Timken Co.		80,470		4,567,477
				9,975,956
Road & Rail - 1.3%
Con-way, Inc.		114,290		4,345,306
Trading Companies & Distributors - 1.2%
Aircastle Ltd.		253,310		4,007,364
				38,116,677
Materials - 7.8%
Chemicals - 3.4%
Axiall Corp.		63,050		2,720,608
Chemtura Corp. (a)		187,930		4,309,235
Huntsman Corp.		212,090		4,125,150
				11,154,993
Containers & Packaging - 0.6%
Graphic Packaging Holding Co. (a)		255,870		1,967,640
Metals & Mining - 3.8%
Cliffs Natural Resources, Inc. (b)		69,250		1,249,270
Commercial Metals Co.		259,460		4,000,874
Reliance Steel & Aluminum Co.		54,030		3,553,553
Steel Dynamics, Inc.		253,900		3,894,826
				12,698,523
				25,821,156
Energy - 7.2%
Energy Equipment & Services - 3.3%
Bristow Group, Inc.		46,790		2,940,751
Helix Energy Solutions Group, Inc. (a)		177,510		4,235,389
Helmerich & Payne, Inc.		59,530		3,675,382
				10,851,522

Company	Shares		U.S. $ Value
Oil, Gas & Consumable Fuels - 3.9%
Bill Barrett Corp. (a)(b)		146,500		3,306,505
Cimarex Energy Co.		63,000		4,418,820
Stone Energy Corp. (a)		91,520		2,060,115
Western Refining, Inc.		95,680		3,192,842
				12,978,282
				23,829,804
Utilities - 4.9%
Electric Utilities - 2.6%
NV Energy, Inc.		206,520		4,840,829
PNM Resources, Inc.		175,590		3,936,728
				8,777,557
Gas Utilities - 2.3%
Atmos Energy Corp.		77,900		3,288,938
UGI Corp.		110,810		4,231,834
				7,520,772
				16,298,329
Health Care - 4.2%
Health Care Providers & Services - 4.2%
Health Net, Inc./CA (a)		151,920		4,841,691
LifePoint Hospitals, Inc. (a)		87,358		4,344,313
Universal Health Services, Inc.-Class B		69,860		4,830,120
				14,016,124
Consumer Staples - 1.2%
Beverages - 0.5%
Constellation Brands, Inc.-Class A (a)		32,304		1,712,435
Food Products - 0.7%
Dole Food Co., Inc. (a)		243,290		2,303,956
				4,016,391
Total Common Stocks (cost $257,468,496)				329,898,690
SHORT-TERM INVESTMENTS - 1.8%
Investment Companies - 1.8%
AllianceBernstein Fixed-Income Shares, Inc.- Government STIF Portfolio, 0.09% (c) (cost $5,898,909)		5,898,909		5,898,909
Total Investments Before Security Lending Collateral for Securities Loaned - 101.0% (cost $263,367,405)				335,797,599

Company	Shares		U.S. $ Value
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 2.2%
Investment Companies - 2.2%
AllianceBernstein Exchange Reserves-Class I, 0.07% (c) (cost $7,183,979)		7,183,979		7,183,979
Total Investments - 103.2% (cost $270,551,384) (d)				342,981,578
Other assets less liabilities - (3.2)%				(10,511,064	)
Net Assets - 100.0%			$	332,470,514

(a) Non-income producing security.

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

(c) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(d) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $77,650,214 and gross unrealized depreciation of investments was $(5,220,020), resulting in net unrealized appreciation of $72,430,194.

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

AllianceBernstein Pooling Portfolios

Small-Mid Cap Value Portfolio

May 31, 2013 (unaudited)

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

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

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

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

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 Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks*

$

329,898,690

$

– 0

–

$

– 0

–

$

329,898,690

Short-Term Investments

5,898,909

– 0

–

– 0

–

5,898,909

Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund

7,183,979

– 0

–

– 0

–

7,183,979

Total Investments in Securities

342,981,578

– 0

–

– 0

–

342,981,578

Other Financial Instruments**

– 0

–

– 0

–

– 0

–

– 0

–

Total ^

$

342,981,578

$

– 0

–

$

– 0

–

$

342,981,578

* See Portfolio of Investments for sector classifications.

** Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

^ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Small-Mid Cap Growth Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 98.5%
Consumer Discretionary - 23.5%
Distributors - 1.7%
LKQ Corp. (a)		235,198	$	5,757,647
Diversified Consumer Services - 1.4%
K12, Inc. (a)(b)		150,100		4,460 ,972
Hotels, Restaurants & Leisure - 3.8%
Norwegian Cruise Line Holdings Ltd. (a)		137,617		4,231,722
Orient-Express Hotels Ltd. - Class A (a)		206,875		2,449,400
Panera Bread Co. - Class A (a)		30,660		5,881,508
				12,562,630
Internet & Catalog Retail - 3.4%
HomeAway, Inc. (a)		123,932		3,789,841
NetFlix, Inc. (a)		13,315		3,012,519
Shutterfly, Inc. (a)		87,599		4,269,575
				11,071,935
Media - 1.8%
National CineMedia, Inc.		210,350		3,493,913
Pandora Media, Inc. (a)(b)		151,740		2,582,615
				6,076,528
Specialty Retail - 10.1%
Cabela’s, Inc. (a)		69,530		4,662,682
CarMax, Inc. (a)		102,067		4,773,673
Dick’s Sporting Goods, Inc.		81,290		4,254,719
Five Below, Inc. (a)		70,974		2,714,046
Francesca’s Holdings Corp. (a)		140,797		4,019,754
Lumber Liquidators Holdings, Inc. (a)		63,770		5,236,155
Restoration Hardware Holdings, Inc. (a)		51,867		2,897,809
Tractor Supply Co.		44,495		4,982,550
				33,541,388
Textiles, Apparel & Luxury Goods - 1.3%
PVH Corp.		9,804		1,129,323
Under Armour, Inc. (a)		52,590		3,260,580
				4,389,903
				77,861,003
Industrials - 23.3%
Aerospace & Defense - 3.0%
Hexcel Corp. (a)		168,733		5,866,846
TransDigm Group, Inc.		29,021		4,239,968
				10,106,814
Air Freight & Logistics - 1.1%
Expeditors International of Washington, Inc.		89,620		3,497,869

Company	Shares		U.S. $ Value
Building Products - 0.2%
Ply Gem Holdings, Inc. (a)		28,570		659,967
Electrical Equipment - 1.4%
AMETEK, Inc.		103,631		4,471,678
Industrial Conglomerates - 1.3%
Carlisle Cos., Inc.		66,420		4,344,532
Machinery - 9.7%
Actuant Corp. - Class A		115,372		3,922,648
Chart Industries, Inc. (a)		49,150		4,781,312
IDEX Corp.		71,775		3,951,214
Joy Global, Inc.		73,460		3,972,717
Lincoln Electric Holdings, Inc.		95,330		5,700,734
Middleby Corp. (a)		27,140		4,437,118
Valmont Industries, Inc.		35,981		5,480,986
				32,246,729
Marine - 1.7%
Kirby Corp. (a)		72,468		5,658,301
Professional Services - 1.3%
Robert Half International, Inc.		127,380		4,427,729
Road & Rail - 1.7%
Genesee & Wyoming, Inc. - Class A (a)		63,443		5,649,599
Trading Companies & Distributors - 1.9%
United Rentals, Inc. (a)		108,120		6,145,541
				77,208,759
Information Technology - 17.8%
Communications Equipment - 3.0%
Aruba Networks, Inc. (a)		95,160		1,421,690
Ciena Corp. (a)		239,370		4,007,054
JDS Uniphase Corp. (a)		325,210		4,429,360
				9,858,104
Internet Software & Services - 1.6%
CoStar Group, Inc. (a)		47,187		5,275,978
IT Services - 1.0%
MAXIMUS, Inc.		43,220		3,225,509
Semiconductors & Semiconductor Equipment - 5.9%
Atmel Corp. (a)		96,312		757,012
Cavium, Inc. (a)		121,930		3,994,427
Cree, Inc. (a)		46,574		2,903,889
Fairchild Semiconductor International, Inc. (a)		281,686		4,087,264
Teradyne, Inc. (a)		222,190		3,986,089
Veeco Instruments, Inc. (a)		92,206		3,908,612
				19,637,293
Software - 6.3%
ANSYS, Inc. (a)		47,860		3,565,570
Aspen Technology, Inc. (a)		101,716		3,114,544

Company	Shares		U.S. $ Value
Cadence Design Systems, Inc. (a)		401,538		6,075,270
Fortinet, Inc. (a)		99,200		1,910,592
ServiceNow, Inc. (a)		133,073		4,891,763
SolarWinds, Inc. (a)		2,438		102,762
Tableau Software, Inc. - Class A (a)		25,257		1,290,633
				20,951,134
				58,948,018
Health Care - 15.2%
Biotechnology - 4.7%
BioMarin Pharmaceutical, Inc. (a)		54,790		3,435,333
Cubist Pharmaceuticals, Inc. (a)		52,055		2,860,422
Isis Pharmaceuticals, Inc. (a)		29,535		639,433
Onyx Pharmaceuticals, Inc. (a)		58,760		5,608,642
Quintiles Transnational Holdings, Inc. (a)		72,075		3,174,183
				15,718,013
Health Care Equipment & Supplies - 3.0%
Align Technology, Inc. (a)		62,350		2,229,013
HeartWare International, Inc. (a)		36,500		3,331,355
Sirona Dental Systems, Inc. (a)		61,476		4,361,107
				9,921,475
Health Care Providers & Services - 4.1%
Acadia Healthcare Co., Inc. (a)		145,999		4,874,907
Catamaran Corp. (a)		70,138		3,452,192
Mednax, Inc. (a)		34,537		3,206,070
WellCare Health Plans, Inc. (a)		37,030		1,930,744
				13,463,913
Life Sciences Tools & Services - 1.3%
ICON PLC (a)		125,637		4,314,374
Pharmaceuticals - 2.1%
Akorn, Inc. (a)		202,917		2,948,384
Jazz Pharmaceuticals PLC (a)		59,380		4,036,059
				6,984,443
				50,402,218
Financials - 9.4%
Capital Markets - 3.9%
Affiliated Managers Group, Inc. (a)		32,690		5,361,160
Lazard Ltd. - Class A		124,740		4,226,191
Stifel Financial Corp. (a)		96,831		3,484,948
				13,072,299
Commercial Banks - 4.5%
First Republic Bank/CA		83,510		3,103,232
Iberiabank Corp.		71,252		3,672,328
Signature Bank/New York NY (a)		53,410		4,122,184

Company	Shares		U.S. $ Value
SVB Financial Group (a)		53,000		4,101,670
				14,999,414
Real Estate - 1.0%
Realogy Holdings Corp. (a)		64,010		3,305,476
				31,377,189
Energy - 5.9%
Energy Equipment & Services - 3.3%
FMC Technologies, Inc. (a)		53,200		2,961,112
Oceaneering International, Inc.		65,033		4,713,592
Oil States International, Inc. (a)		35,351		3,482,073
				11,156,777
Oil, Gas & Consumable Fuels - 2.6%
Cabot Oil & Gas Corp.		40,890		2,877,020
Concho Resources, Inc. (a)		33,373		2,791,985
SM Energy Co.		47,143		2,858,752
				8,527,757
				19,684,534
Consumer Staples - 1.9%
Food Products - 1.9%
Green Mountain Coffee Roasters, Inc. (a)(b)		85,590		6,259,197
Materials - 1.5%
Chemicals - 1.5%
PolyOne Corp.		197,410		5,071,463
Total Common Stocks (cost $227,052,590)				326,812,381
SHORT-TERM INVESTMENTS - 1.4%
Investment Companies - 1.4%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (c) (cost $4,647,601)		4,647,601		4,647,601
Total Investments Before Security Lending Collateral for Securities Loaned - 99.9% (cost $231,700,191)				331,459,982
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 3.0%
Investment Companies - 3.0%
AllianceBernstein Exchange Reserves - Class I, 0.07% (c) (cost $10,175,559)		10,175,559		10,175,559

	U.S. $ Value
Total Investments - 102.9% (cost $241,875,750) (d)		341,635,541
Other assets less liabilities - (2.9)%		(9,748,288	)
Net Assets - 100.0%	$	331,887,253

(a) Non-income producing security.

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

(c) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(d) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $102,264,283 and gross unrealized depreciation of investments was $(2,504,492), resulting in net unrealized appreciation of $99,759,791.

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.

AllianceBernstein Pooling Portfolios

Small-Mid Cap Growth Portfolio

May 31, 2013 (unaudited)

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

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

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

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

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 Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks*

$

326,812,381

$

– 0

–

$

– 0

–

$

326,812,381

Short-Term Investments

4,647,601

– 0

–

– 0

–

4,647,601

Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund

10,175,559

– 0

–

– 0

–

10,175,559

Total Investments in Securities

341,635,541

– 0

–

– 0

–

341,635,541

Other Financial Instruments**

– 0

–

– 0

–

Total+

$

341,635,541

$

– 0

–

$

– 0

–

$

341,635,541

* See Portfolio of Investments for sector classifications.

** Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Short Duration Bond Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

	Principal Amount (000)			U.S. $ Value
GOVERNMENTS - TREASURIES - 33.6%
United States - 33.6%
U.S. Treasury Notes
0.125%, 4/30/15	U.S.$	115,406		$	115,022,852
0.25%, 2/28/14-5/31/15		205,894			205,945,488
0.75%, 10/31/17		2,070			2,054,798
Total Governments - Treasuries (cost $323,084,699)					323,023,138
MORTGAGE PASS-THROUGHS - 16.3%
Agency ARMs - 11.8%
Federal Home Loan Mortgage Corp.
2.029%, 8/01/42 (a)		7,848			8,093,303
2.464%, 7/01/42 (a)		10,581			10,962,709
2.828%, 6/01/37 (a)		8,288			8,932,978
Series 2005
2.683%, 5/01/35 (a)		2,725			2,908,257
Federal National Mortgage Association
2.127%, 8/01/42 (a)		7,273			7,507,452
2.252%, 8/01/42 (a)		6,101			6,315,024
2.392%, 6/01/42 (a)		5,111			5,305,487
2.414%, 1/01/36 (a)		1,521			1,620,357
2.444%, 5/01/42 (a)		8,344			8,662,465
2.523%, 6/01/42 (b)		7,347			7,642,141
2.658%, 8/01/42 (a)		10,967			11,436,224
2.665%, 8/01/42 (a)		9,792			10,213,383
2.731%, 6/01/42 (a)		11,860			12,397,995
Series 2003
2.81%, 12/01/33 (a)		739			790,666
Series 2005
2.356%, 2/01/35 (b)		3,593			3,857,280
3.081%, 10/01/35 (a)		2,307			2,451,377
Series 2006
3.076%, 7/01/36 (a)		1,578			1,677,695
Series 2007
1.929%, 1/01/37 (b)		1,005			1,055,522
Series 2009
2.673%, 7/01/38 (a)		1,510			1,620,361
					113,450,676
Agency Fixed Rate 15-Year - 4.1%
Federal Home Loan Mortgage Corp. Gold
4.50%, 6/01/25		5,562			5,896,732
5.00%, 7/01/25		2,556			2,756,372
Federal National Mortgage Association
Series 1998
6.00%, 10/01/13-12/01/13		0	*		465
Series 2001
6.00%, 11/01/16		38			40,041
Series 2002
6.00%, 12/01/17		42			44,690
Series 2005

	Principal Amount (000)		U.S. $ Value
6.00%, 6/01/17-6/01/20		57		59,637
Series 2006
6.00%, 5/01/21-1/01/22		1,445		1,578,470
Series 2007
6.00%, 2/01/22		382		419,782
Series 2012
3.00%, 12/01/22-1/01/23		26,895		28,231,290
				39,027,479
Agency Fixed Rate 30-Year - 0.4%
Federal Home Loan Mortgage Corp. Gold
Series 2009
5.50%, 10/01/39		3,746		4,037,232
Total Mortgage Pass-Throughs (cost $156,219,001)				156,515,387
COMMERCIAL MORTGAGE-BACKED SECURITIES - 14.6%
Non-Agency Fixed Rate CMBS - 12.8%
Citigroup Commercial Mortgage Trust
Series 2006-C4, Class A1A
5.743%, 3/15/49		866		962,154
Commercial Mortgage Pass Through Certificates
Series 2010-C1, Class A1
3.156%, 7/10/46 (c)		6,284		6,548,631
Series 2012-CR3, Class A1
0.666%, 11/15/45		3,327		3,314,875
Series 2012-CR4, Class A1
0.704%, 10/15/45		3,481		3,472,221
Series 2012-CR5, Class A1
0.673%, 12/10/45		2,620		2,610,372
Series 2013-CR6, Class A1
0.719%, 3/10/46		4,484		4,471,603
Series 2013-LC6, Class A1
0.724%, 1/10/46		2,130		2,120,799
DBUBS Mortgage Trust
Series 2011-LC3A, Class A2
3.642%, 8/10/44		5,305		5,691,204
GS Mortgage Securities Corp. II
Series 2012-GCJ9, Class A1
0.662%, 11/10/45		3,981		3,965,834
Series 2013-GC10, Class A1
0.696%, 2/10/46		2,588		2,576,473
GS Mortgage Securities Trust
Series 2013-G1, Class A1
2.059%, 4/10/31 (c)		2,341		2,328,255
JP Morgan Chase Commercial Mortgage
Securities Corp.
Series 2007-LDPX, Class A2S
5.305%, 1/15/49		2,020		2,034,970
Series 2010-C1, Class A1
3.853%, 6/15/43 (c)		4,280		4,498,605
Series 2010-C2, Class A1
2.749%, 11/15/43 (c)		1,834		1,903,947
Series 2011-C3, Class A1
1.875%, 2/15/46 (c)		3,065		3,092,874
Series 2011-C4, Class A1

	Principal Amount (000)		U.S. $ Value
1.525%, 7/15/46 (c)		1,817		1,833,005
Series 2012-CBX, Class A1
0.958%, 6/15/45		3,741		3,741,707
Series 2012-LC9, Class A1
0.67%, 12/15/47		1,204		1,196,604
Series 2013-C10, Class A1
0.73%, 12/15/47		2,293		2,277,315
Series 2013-LC11, Class A2
1.855%, 4/15/46		4,895		4,937,359
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class A2
4.96%, 7/12/38		1,578		1,596,483
Series 2006-C2, Class A1A
5.739%, 8/12/43		1,606		1,804,623
ML-CFC Commercial Mortgage Trust
Series 2006-4, Class A1A
5.166%, 12/12/49		6,012		6,693,771
Morgan Stanley Bank of America Merrill Lynch Trust
Series 2013-C7, Class A1
0.738%, 2/15/46		4,242		4,224,102
Series 2013-C8, Class A1
0.777%, 12/15/48		4,271		4,254,150
Morgan Stanley Capital I Trust
Series 2007-T27, Class A1A
5.647%, 6/11/42		3,622		4,176,547
Morgan Stanley Capital I, Inc.
Series 2011-C1, Class A1
2.602%, 9/15/47 (c)		4,068		4,156,212
UBS-Barclays Commercial Mortgage Trust
Series 2012-C4, Class A1
0.673%, 12/10/45		2,947		2,932,745
Series 2013-C5, Class A1
0.779%, 3/10/46		4,504		4,485,494
Wachovia Bank Commercial Mortgage Trust
Series 2006-C25, Class A1A
5.728%, 5/15/43		4,124		4,610,028
Wells Fargo Commercial Mortgage Trust
Series 2012-LC5, Class A1
0.687%, 10/15/45		4,301		4,289,198
WF-RBS Commercial Mortgage Trust
Series 2011-C2, Class A1
2.501%, 2/15/44 (c)		1,779		1,814,818
Series 2012-C10, Class A1
0.734%, 12/15/45		5,163		5,152,776
Series 2012-C9, Class A1
0.673%, 11/15/45		4,254		4,238,930
Series 2013-C11, Class A1
0.799%, 3/15/45		2,184		2,176,256
Series 2013-C12, Class A1
0.735%, 3/15/48		3,061		3,048,011
				123,232,951
Non-Agency Floating Rate CMBS - 1.4%
Commercial Mortgage Pass Through Certificates
Series 2005-FL11, Class D

	Principal Amount (000)		U.S. $ Value
0.539%, 11/15/17 (b)(c)		669		621,992
Series 2007-FL14, Class C
0.499%, 6/15/22 (b)(c)		2,803		2,621,367
Credit Suisse Mortgage Capital Certificates
Series 2006-TF2A, Class SVD
0.669%, 10/15/21 (b)(c)		4,900		4,847,242
Series 2007-TFLA, Class A2
0.319%, 2/15/22 (b)(c)		2,223		2,201,302
Wachovia Bank Commercial Mortgage Trust
Series 2006-WL7A, Class A2
0.318%, 9/15/21 (b)(c)		2,661		2,644,951
				12,936,854
Agency CMBS - 0.4%
NCUA Guaranteed Notes Trust
Series 2010-C1, Class A1
1.60%, 10/29/20		4,207		4,267,882
Total Commercial Mortgage-Backed Securities (cost $141,282,682)				140,437,687
ASSET-BACKED SECURITIES - 14.2%
Autos - Fixed Rate - 7.5%
Ally Auto Receivables Trust
Series 2010-1, Class B
3.29%, 3/15/15 (c)		5,740		5,830,876
Series 2012-A, Class C
2.40%, 11/15/17 (c)		2,415		2,487,594
Series 2013-SN1, Class A3
0.91%, 5/20/16		3,744		3,743,813
Ally Master Owner Trust
Series 2013-1, Class A2
1.00%, 2/15/18		945		943,549
AmeriCredit Automobile Receivables Trust
Series 2012-2, Class A3
1.05%, 10/11/16		3,560		3,579,092
Series 2013-1, Class A2
0.49%, 6/08/16		2,075		2,074,441
ARI Fleet Lease Trust
Series 2013-A, Class A2
0.70%, 12/15/15 (c)		2,164		2,164,276
Avis Budget Rental Car Funding AESOP LLC
Series 2012-3A, Class A
2.10%, 3/20/19 (c)		1,730		1,749,968
Bank of America Auto Trust
Series 2012-1, Class A4
1.03%, 12/15/16		1,650		1,662,288
Series 2012-1, Class C
2.09%, 7/17/17		2,960		3,028,039
Capital Auto Receivables Asset Trust
Series 2013-1, Class A2
0.62%, 7/20/16		1,785		1,784,413
CarMax Auto Owner Trust
Series 2011-3, Class A3

	Principal Amount (000)		U.S. $ Value
1.07%, 6/15/16		4,885		4,909,567
Series 2012-3, Class A2
0.43%, 9/15/15		1,720		1,720,146
Fifth Third Auto Trust
Series 2013-A, Class A3
0.61%, 9/15/17		1,868		1,865,934
Ford Auto Securitization Trust
Series 2013-R1A, Class A1
1.485%, 12/15/14 (c)	CAD	1,511		1,457,287
Ford Credit Auto Lease Trust
Series 2012-B, Class A2
0.54%, 11/15/14	U.S.$	2,626		2,626,828
Ford Credit Floorplan Master Owner Trust
Series 2012-4, Class A1
0.74%, 9/15/16		5,265		5,277,716
Series 2013-1, Class A1
0.85%, 1/15/18		2,222		2,215,100
Hertz Vehicle Financing LLC
Series 2013-1A, Class A2
1.83%, 8/25/19 (c)		4,270		4,219,440
Hyundai Auto Lease Securitization Trust
Series 2013-A, Class A3
0.66%, 6/15/16 (c)		2,509		2,508,308
Mercedes-Benz Auto Lease Trust
Series 2013-A, Class A3
0.59%, 2/15/16		1,594		1,592,269
Mercedes-Benz Master Owner Trust
Series 2012-AA, Class A
0.79%, 11/15/17 (c)		3,854		3,846,500
Navistar Financial Corp. Owner Trust
Series 2012-A, Class A2
0.85%, 3/18/15 (c)		2,346		2,348,100
Nissan Auto Lease Trust
Series 2012-A, Class A2A
0.68%, 7/15/14		1,289		1,290,513
Nissan Auto Receivables Owner Trust
Series 2010-A, Class A3
0.87%, 7/15/14		465		465,415
Santander Drive Auto Receivables Trust
Series 2012-6, Class A2
0.47%, 9/15/15		1,870		1,869,933
SMART Trust/Australia
Series 2012-4US, Class A2A
0.67%, 6/14/15		1,550		1,551,773
World Omni Automobile Lease Securitization Trust
Series 2012-A, Class A3
0.93%, 11/16/15		2,852		2,862,840
				71,676,018
Credit Cards - Fixed Rate - 3.2%
American Express Credit Account Master Trust
Series 2012-2, Class A
0.68%, 3/15/18		4,975		4,981,719

	Principal Amount (000)		U.S. $ Value
Chase Issuance Trust
Series 2013-A1, Class A1
1.30%, 2/18/20		3,310		3,295,677
Citibank Credit Card Issuance Trust
Series 2005-A9, Class A9
5.10%, 11/20/17		4,015		4,448,423
Discover Card Master Trust
Series 2012-A1, Class A1
0.81%, 8/15/17		1,322		1,328,179
Series 2012-A3, Class A3
0.86%, 11/15/17		1,621		1,629,534
Dryrock Issuance Trust
Series 2012-2, Class A
0.64%, 8/15/18		2,715		2,711,107
GE Capital Credit Card Master Note Trust
Series 2012-1, Class A
1.03%, 1/15/18		5,170		5,207,741
Series 2012-6, Class A
1.36%, 8/17/20		2,510		2,517,877
Series 2012-7, Class A
1.76%, 9/15/22		2,170		2,140,027
World Financial Network Credit Card Master Trust
Series 2012-B, Class A
1.76%, 5/17/21		1,540		1,553,888
Series 2013-A, Class A
1.61%, 12/15/21		950		946,429
				30,760,601
Credit Cards - Floating Rate - 1.7%
Capital One Multi-Asset Execution Trust
Series 2006-A12, Class A
0.259%, 7/15/16 (b)		6,000		5,999,280
Chase Issuance Trust
Series 2013-A2, Class A2
0.299%, 2/15/17 (b)		4,820		4,822,612
Gracechurch Card Funding PLC
Series 2012-1A, Class A2
0.912%, 2/15/17 (b)(c)	EUR	2,140		2,803,961
Penarth Master Issuer PLC
Series 2012-1A, Class A1
0.768%, 3/18/14 (b)(c)	U.S.$	2,796		2,801,984
				16,427,837
Autos - Floating Rate - 1.0%
Ally Master Owner Trust
Series 2011-4, Class A1
0.999%, 9/15/16 (b)		1,715		1,726,429
BMW Floorplan Master Owner Trust
Series 2012-1A, Class A
0.599%, 9/15/17 (b)(c)		1,413		1,416,682
Ford Credit Floorplan Master Owner Trust
Series 2010-3, Class A2
1.899%, 2/15/17 (b)(c)		3,025		3,100,020

	Principal Amount (000)		U.S. $ Value
GE Dealer Floorplan Master Note Trust
Series 2012-3, Class A
0.688%, 6/20/17 (b)		3,880		3,896,125
				10,139,256
Other ABS - Fixed Rate - 0.6%
CNH Equipment Trust
Series 2010-C, Class A3
1.17%, 5/15/15		743		744,210
GE Equipment Transportation LLC
Series 2012-1, Class A3
0.99%, 11/23/15		4,980		4,999,671
				5,743,881
Home Equity Loans - Fixed Rate - 0.1%
Credit-Based Asset Servicing and Securitization LLC
Series 2003-CB1, Class AF
3.95%, 1/25/33		770		762,562
Nationstar NIM Trust
Series 2007-A, Class A
9.79%, 3/25/37 (d)(e)		35		0
				762,562
Home Equity Loans - Floating Rate - 0.1%
HSBC Home Equity Loan Trust
Series 2006-1, Class M1
0.478%, 1/20/36 (b)		775		745,562
Total Asset-Backed Securities (cost $136,217,275)				136,255,717
CORPORATES - INVESTMENT GRADES - 13.5%
Industrial - 7.2%
Capital Goods - 0.8%
Caterpillar Financial Services Corp.
1.375%, 5/20/14		4,990		5,037,615
Eaton Corp.
0.61%, 6/16/14 (b)		2,469		2,474,817
				7,512,432
Communications - Media - 0.4%
NBCUniversal Enterprise, Inc.
0.817%, 4/15/16 (b)(c)		3,795		3,812,969
Communications - Telecommunications - 1.9%
AT&T, Inc.
0.90%, 2/12/16		2,365		2,360,178
1.40%, 12/01/17		3,320		3,294,771
Cellco Partnership/Verizon Wireless Capital LLC
5.55%, 2/01/14		4,375		4,510,083
Verizon Communications, Inc.
1.25%, 11/03/14		1,685		1,699,413
1.95%, 3/28/14		3,130		3,167,911

	Principal Amount (000)		U.S. $ Value
Vodafone Group PLC
1.25%, 9/26/17		3,310		3,250,251
				18,282,607
Consumer Cyclical - Automotive - 0.5%
Daimler Finance North America LLC
1.25%, 1/11/16 (c)		4,430		4,430,323
Consumer Cyclical - Retailers - 0.2%
Wal-Mart Stores, Inc.
0.60%, 4/11/16		2,375		2,369,844
Consumer Non-Cyclical - 2.7%
AbbVie, Inc.
1.75%, 11/06/17 (c)		3,280		3,291,470
Allergan, Inc./United States
1.35%, 3/15/18		1,540		1,527,546
Eli Lilly & Co.
4.20%, 3/06/14		2,845		2,926,603
Gilead Sciences, Inc.
3.05%, 12/01/16		3,085		3,284,124
McKesson Corp.
0.95%, 12/04/15		1,298		1,301,201
Merck & Co., Inc.
1.30%, 5/18/18		4,805		4,746,576
Novartis Capital Corp.
4.125%, 2/10/14		2,855		2,925,519
PepsiCo, Inc.
0.70%, 2/26/16		3,315		3,309,908
Sanofi
1.625%, 3/28/14		2,445		2,470,673
				25,783,620
Energy - 0.7%
BP Capital Markets PLC
0.70%, 11/06/15		3,290		3,282,130
Chevron Corp.
1.104%, 12/05/17		3,305		3,281,650
ConocoPhillips
4.75%, 2/01/14		723		743,392
				7,307,172
				69,498,967
Financial Institutions - 5.9%
Banking - 4.2%
Australia & New Zealand Banking Group Ltd.
0.90%, 2/12/16		3,300		3,304,627
Bank of America Corp.
1.25%, 1/11/16		3,220		3,212,034
Bank of New York Mellon Corp. (The)
0.70%, 3/04/16		3,330		3,314,965
Citigroup, Inc.
1.25%, 1/15/16		3,335		3,330,124
Goldman Sachs Group, Inc. (The)
3.625%, 2/07/16		3,080		3,257,670

	Principal Amount (000)		U.S. $ Value
ING Bank NV
1.375%, 3/07/16 (c)		3,310		3,296,297
JPMorgan Chase & Co.
Series G
1.10%, 10/15/15		3,290		3,290,753
KeyBank NA/Cleveland OH
1.65%, 2/01/18		1,847		1,850,618
Manufacturers & Traders Trust Co.
1.45%, 3/07/18		3,315		3,304,847
Morgan Stanley
1.75%, 2/25/16		1,988		1,991,300
PNC Funding Corp.
2.70%, 9/19/16		3,130		3,285,580
Royal Bank of Canada
0.85%, 3/08/16		3,335		3,331,638
UnionBanCal Corp.
5.25%, 12/16/13		3,867		3,952,890
				40,723,343
Finance - 0.5%
General Electric Capital Corp.
0.994%, 4/02/18 (b)		4,740		4,773,611
Insurance - 1.2%
Berkshire Hathaway, Inc.
1.55%, 2/09/18		3,315		3,320,049
MetLife Institutional Funding II
0.65%, 1/06/15 (b)(c)		4,500		4,508,680
New York Life Global Funding
0.80%, 2/12/16 (c)		3,315		3,303,009
				11,131,738
				56,628,692
Utility - 0.4%
Natural Gas - 0.4%
TransCanada PipeLines Ltd.
0.75%, 1/15/16		3,290		3,277,541
Total Corporates - Investment Grades (cost $129,257,658)				129,405,200
COLLATERALIZED MORTGAGE OBLIGATIONS - 2.4%
Agency Fixed Rate - 1.7%
Federal Home Loan Mortgage Corp.
Series 3948, Class DA
3.00%, 12/15/24		6,547		6,794,599
Series 4016, Class KI
4.00%, 11/15/38		10,316		1,882,733
Series 4119, Class LI
3.50%, 6/15/39		8,908		1,630,764
Federal National Mortgage Association
Series 2010-9, Class EA
3.50%, 1/25/24		3,148		3,264,139
Series 2011-39, Class DA
3.50%, 7/25/24		2,893		2,970,155
				16,542,390

	Principal Amount (000)			U.S. $ Value
Non-Agency Fixed Rate - 0.5%
JP Morgan Mortgage Trust 2013-1
Series 2013-1, Class 1A2
3.00%, 3/25/43 (c)		4,309			4,321,678
Merrill Lynch Mortgage Investors, Inc.
Series 2005-A8, Class A1C1
5.25%, 8/25/36		195			196,194
					4,517,872
Non-Agency Floating Rate - 0.2%
Mortgage Equity Conversion Asset Trust
Series 2007-FF2, Class A
0.58%, 2/25/42 (b)(c)		2,866			2,407,029
Agency Floating Rate - 0.0%
Fannie Mae Whole Loan
Series 2003-W13, Class AV2
0.473%, 10/25/33 (b)		105			101,928
Freddie Mac Reference REMICs
Series R008, Class FK
0.599%, 7/15/23 (b)		0	*		426
					102,354
Total Collateralized Mortgage Obligations (cost $24,121,966)					23,569,645
GOVERNMENTS - SOVEREIGN AGENCIES - 0.7%
Netherlands - 0.7%
Achmea Hypotheekbank NV 0.623%, 11/03/14 (b)(c) (cost $6,455,155)		6,456			6,480,585
COVERED BONDS - 0.3%
DNB Boligkreditt AS 1.45%, 3/21/18 (c) (cost $3,327,705)		3,335			3,302,317
	Shares
SHORT-TERM INVESTMENTS - 9.3%
Investment Companies - 9.3%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (f) (cost $89,323,895)		89,323,895			89,323,895

	U.S. $ Value
Total Investments - 104.9% (cost $1,009,290,036) (g)		1,008,313,571
Other assets less liabilities - (4.9)% (h)		(46,852,486	)
Net Assets - 100.0%	$	961,461,085

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month		Original Value		Value at May  31, 2013		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
U.S. Note 2 Yr (CBT) Futures		520		September 2013	$	114,498,524	$	114,473,126	$	(25,398	)
Sold Contracts
U.S. T-Note 10 Yr (CBT) Futures		190		September 2013		24,651,692		24,551,563		100,129
U.S. T-Note 5 Yr Futures		104		September 2013		12,738,983		12,731,063		7,920
									$	82,651

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts  to Deliver (000)		In  Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Deutsche Bank AG London	USD	248	CAD	257		6/07/13	$	(497	)
Royal Bank of Scotland PLC	CAD	2,309	USD	2,246		6/07/13		19,162
							$	18,665

CROSS CURRENCY SWAP CONTRACTS

Counterparty	Expiration Date	Pay Currency	Pay Rate	Receive Currency	Receive Rate	Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC	2/15/15	EUR	1 Month EURIBOR Plus a Specified Spread	USD	1 Month LIBOR Plus a Specified Spread	$	53,881

* Principal amount less than 500.

(a) Variable rate coupon, rate shown as of May 31, 2013.

(b) Floating Rate Security. Stated interest rate was in effect at May 31, 2013.

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2013, the aggregate market value of these securities amounted to $115,002,554 or 12.0% of net assets.

(d) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities, which represent 0.00% of net assets as of May 31, 2013, are considered illiquid and restricted.

Restricted Securities	Acquisition Date		Cost		Market Value			Percentage of Net Assets
Nationstar NIM Trust Series 2007-A, Class A
9.79%, 3/25/37		4/04/07	$	35,213	$	– 0	–		0.00	%

(e) Fair valued by the Adviser.

(f) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(g) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $2,335,151 and gross unrealized depreciation of investments was $(3,311,616), resulting in net unrealized depreciation of $976,465.

(h) An amount of U.S. $60,881 has been segregated to collateralize margin requirements for the open futures contracts at May 31, 2013.

Currency Abbreviations:
CAD	-	Canadian Dollar
EUR	-	Euro
USD	-	United States Dollar
Glossary:
ABS	-	Asset-Backed Securities
ARMs	-	Adjustable Rate Mortgages
CBT	-	Chicago Board of Trade
CMBS	-	Commercial Mortgage-Backed Securities
EURIBOR	-	Euro Interbank Offered Rate
LIBOR	-	London Interbank Offered Rates
NCUA	-	National Credit Union Administration
REMICs	-	Real Estate Mortgage Investment Conduits

AllianceBernstein Pooling Portfolios

Short Duration Bond Portfolio

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

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.

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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Governments - Treasuries	$	– 0	–	$	323,023,138		$	– 0	–	$	323,023,138
Mortgage Pass-Throughs		– 0	–		156,515,387			– 0	–		156,515,387
Commercial Mortgage-Backed Securities		– 0	–		132,969,078			7,468,609			140,437,687
Asset-Backed Securities		3,743,813			125,259,899			7,252,005	^		136,255,717
Corporates - Investment Grades		– 0	–		129,405,200			– 0	–		129,405,200
Collateralized Mortgage Obligations		– 0	–		16,542,816			7,026,829			23,569,645
Governments - Sovereign Agencies		– 0	–		6,480,585			– 0	–		6,480,585
Covered Bonds		– 0	–		3,302,317			– 0	–		3,302,317
Short-Term Investments		89,323,895			– 0	–		– 0	–		89,323,895
Total Investments in Securities		93,067,708			893,498,420+			21,747,443			1,008,313,571
Other Financial Instruments* :
Assets:
Futures Contracts		108,049			– 0	–		– 0	–		108,049
Forward Currency Exchange Contracts		– 0	–		19,162			– 0	–		19,162
Cross Currency Swap Contracts		– 0	–		– 0	–		53,881			53,881
Liabilities:
Futures Contracts		(25,398	)		– 0	–		– 0	–		(25,398	)
Forward Currency Exchange Contracts		– 0	–		(497	)		– 0	–		(497	)
Total+	$	93,150,359		$	893,517,085		$	21,801,324		$	1,008,468,768

^ The Portfolio held securities with zero market value at period end.

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

Short Duration Bond Portfolio	Commercial Mortgage-Backed Securities			Asset-Backed Securities^			Collateralized Mortgage Obligations
Balance as of 8/31/12	$	14,711,880		$	16,382,420		$	2,921,216
Accrued discounts/(premiums)		(20	)		613			(250	)
Realized gain (loss)		– 0	–		19,276			(3,938	)
Change in unrealized appreciation/depreciation		364,982			27,521			610
Purchases		– 0	–		– 0	–		4,624,721
Sales		(35,457	)		(5,278,091	)		(515,530	)
Settlements		– 0	–		– 0	–		– 0	–
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3+		(7,572,776	)		(3,899,734	)		– 0	–
Balance as of 5/31/13	$	7,468,609		$	7,252,005		$	7,026,829
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	364,982		$	62,625		$	610
	Cross Currency Swap Contracts			Total
Balance as of 8/31/12	$	175,156		$	34,190,672
Accrued discounts/(premiums)		– 0	–		343
Realized gain (loss)		9,719			25,057
Change in unrealized appreciation/depreciation		(121,275	)		271,838
Purchases		– 0	–		4,624,721
Sales		– 0	–		(5,829,078	)
Settlements		(9,719	)		(9,719	)
Transfers in to Level 3		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		(11,472,510	)
Balance as of 5/31/13	$	53,881		$	21,801,324
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(121,275	)	$	306,942

^ The Portfolio held securities with zero market value at period end.

+ Transferred out of Level 3 into Level 2 due to increase in observable inputs.

The following presents information about significant unobservable inputs related to the Portfolio with material categories of Level 3 investments at May 31, 2013:

Quantitative Information about Level 3 Fair Value Measurements

	Fair Value at 5/31/13		Valuation Technique	Unobservable Input	Range/ Weighted Average
Commercial Mortgage-Backed Securities	$	7,468,609	Third Party Vendor	Evaluated Quotes	$	93.50 - $98.92/$97.02
Asset-Backed Securities	$	7,252,005	Third Party Vendor	Evaluated Quotes	$	96.20 - $100.40/$99.80
	$	0.00	Qualitative Assessment		$	0.00
Collateralized Mortgage Obligations	$	7,026,829	Third Party Vendor	Evaluated Quotes	$	84.00 - $100.68/$94.67
Cross Currency Swap Contracts	$	53,881	Bloomberg Vendor Model	Bloomberg Currency Swap Curves		N/A

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Global Core Bond Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

	Principal Amount (000)		U.S. $ Value
GOVERNMENTS - TREASURIES - 38.9%
Australia - 2.4%
Australia Government Bond
Series 122
5.25%, 3/15/19	AUD	11,550	$	12,397,649
Series 132
5.50%, 1/21/18		12,775		13,652,397
				26,050,046
Austria - 1.2%
Austria Government Bond
1.95%, 6/18/19 (a)	EUR	9,070		12,408,815
Belgium - 2.6%
Belgium Government Bond
Series 65
4.25%, 9/28/22		8,535		13,129,549
Series 67
3.00%, 9/28/19		10,109		14,436,267
				27,565,816
Finland - 6.3%
Finland Government Bond
3.375%, 4/15/20		45,300		67,427,422
Germany - 2.6%
Bundesrepublik Deutschland
3.00%, 7/04/20		13,146		19,546,965
Series 2007
4.25%, 7/04/39		4,903		8,758,460
				28,305,425
Japan - 6.3%
Japan Government Forty Year Bond
Series 5
2.00%, 3/20/52	JPY	202,700		2,102,168
Japan Government Ten Year Bond
Series 327
0.80%, 12/20/22		2,077,500		20,614,392
Japan Government Thirty Year Bond
Series 36
2.00%, 3/20/42		250,050		2,630,057
Japan Government Twenty Year Bond
Series 112
2.10%, 6/20/29		2,053,350		22,563,977
Series 143
1.60%, 3/20/33		1,298,300		12,869,810
Series 144
1.50%, 3/20/33		570,200		5,556,542
Series 48
2.50%, 12/21/20		103,700		1,169,211
				67,506,157

	Principal Amount (000)		U.S. $ Value
Mexico - 0.5%
Mexican Bonos
Series M 10
7.75%, 12/14/17	MXN	60,165		5,291,648
Netherlands - 2.2%
Netherlands Government Bond
4.50%, 7/15/17 (a)	EUR	15,612		23,498,385
New Zealand - 0.1%
New Zealand Government Bond
Series 423
5.50%, 4/15/23	NZD	1,307		1,202,021
Norway - 0.8%
Norway Government Bond
Series 474
3.75%, 5/25/21	NOK	44,686		8,614,123
United Kingdom - 9.0%
United Kingdom Gilt
1.00%, 9/07/17	GBP	6,835		10,445,844
1.75%, 1/22/17-9/07/22		18,235		28,391,796
2.00%, 1/22/16		5,808		9,171,214
3.75%, 9/07/19		6,245		10,906,914
4.50%, 12/07/42		2,978		5,577,277
4.75%, 12/07/30		16,349		31,468,139
				95,961,184
United States - 4.9%
U.S. Treasury Bonds
4.625%, 2/15/40	U.S.$	16,478		20,772,075
U.S. Treasury Notes
1.625%, 8/15/22		2,455		2,367,924
2.00%, 2/15/23		28,546		28,243,094
4.50%, 5/15/17		1,405		1,608,615
				52,991,708
Total Governments - Treasuries (cost $428,549,376)				416,822,750
CORPORATES - INVESTMENT GRADES - 32.1%
Financial Institutions - 14.7%
Banking - 9.7%
Bank of America Corp.
5.875%, 2/07/42		2,896		3,390,990
7.625%, 6/01/19		1,700		2,141,242
Series L
5.65%, 5/01/18		4,350		4,981,824
Barclays Bank PLC
6.625%, 3/30/22 (a)	EUR	1,800		2,782,356
BNP Paribas SA
5.00%, 1/15/21	U.S.$	2,966		3,275,508
Capital One Financial Corp.
4.75%, 7/15/21		2,470		2,756,478
Citigroup, Inc.
4.45%, 1/10/17		2,760		3,018,057

	Principal Amount (000)		U.S. $ Value
4.50%, 1/14/22		3,160		3,422,340
8.50%, 5/22/19		790		1,034,924
Compass Bank
5.50%, 4/01/20		4,989		5,154,600
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands
3.875%, 2/08/22		1,742		1,808,962
3.95%, 11/09/22		1,486		1,479,022
DNB Bank ASA
4.375%, 2/24/21 (a)	EUR	1,675		2,532,981
Goldman Sachs Group, Inc. (The)
6.00%, 6/15/20	U.S.$	2,700		3,161,287
Series G
7.50%, 2/15/19		2,855		3,538,610
HSBC Holdings PLC
4.00%, 3/30/22		5,990		6,350,754
ING Bank NV
3.75%, 3/07/17 (a)		3,020		3,208,418
JPMorgan Chase & Co.
4.40%, 7/22/20		1,335		1,464,921
4.625%, 5/10/21		857		943,184
Lloyds TSB Bank PLC
4.20%, 3/28/17		3,575		3,898,645
Macquarie Bank Ltd.
5.00%, 2/22/17 (a)		651		714,763
Macquarie Group Ltd.
4.875%, 8/10/17 (a)		647		704,670
Morgan Stanley
Series G
5.45%, 1/09/17		1,615		1,793,280
5.50%, 7/24/20		2,455		2,770,838
Murray Street Investment Trust I
4.647%, 3/09/17		272		296,462
Nationwide Building Society
6.25%, 2/25/20 (a)		3,415		3,990,803
Nordea Bank AB
3.125%, 3/20/17 (a)		2,990		3,156,071
PNC Funding Corp.
3.30%, 3/08/22		3,020		3,056,370
Santander US Debt SAU
2.991%, 10/07/13 (a)		3,400		3,416,779
Societe Generale SA
2.50%, 1/15/14 (a)		1,670		1,684,195
5.20%, 4/15/21 (a)		1,355		1,502,248
SouthTrust Corp.
5.80%, 6/15/14		3,315		3,486,349
Standard Chartered PLC
Series E
4.00%, 7/12/22 (a)		2,214		2,283,962
State Street Corp.
3.10%, 5/15/23		1,030		1,001,551
Sumitomo Mitsui Banking Corp.
3.00%, 1/18/23		1,377		1,361,072
Svenska Handelsbanken AB
2.875%, 4/04/17		3,000		3,155,715

	Principal Amount (000)		U.S. $ Value
Turkiye Halk Bankasi AS
3.875%, 2/05/20 (a)		1,624		1,597,122
UBS AG
7.50%, 7/15/25		2,889		3,577,807
UFJ Finance Aruba AEC
6.75%, 7/15/13		1,913		1,926,758
Unicredit Luxembourg Finance SA
6.00%, 10/31/17 (a)		1,386		1,444,212
Vesey Street Investment Trust I
4.404%, 9/01/16		696		751,457
				104,017,587
Brokerage - 0.2%
Nomura Holdings, Inc.
2.00%, 9/13/16		2,586		2,588,661
Finance - 0.4%
General Electric Capital Corp.
2.30%, 4/27/17		4,200		4,322,430
Insurance - 3.6%
Allied World Assurance Co., Ltd.
7.50%, 8/01/16		1,820		2,145,576
Berkshire Hathaway, Inc.
3.40%, 1/31/22		2,800		2,897,697
Coventry Health Care, Inc.
5.95%, 3/15/17		665		762,029
6.125%, 1/15/15		260		280,368
6.30%, 8/15/14		2,060		2,190,806
Guardian Life Insurance Co. of America
7.375%, 9/30/39 (a)		1,305		1,745,398
Hartford Financial Services Group, Inc.
4.00%, 3/30/15		685		720,551
5.125%, 4/15/22		600		684,008
5.50%, 3/30/20		1,727		2,007,586
Humana, Inc.
6.30%, 8/01/18		369		429,890
6.45%, 6/01/16		285		325,480
7.20%, 6/15/18		610		734,548
Lincoln National Corp.
8.75%, 7/01/19		791		1,053,361
Markel Corp.
7.125%, 9/30/19		1,105		1,360,116
Massachusetts Mutual Life Insurance Co.
8.875%, 6/01/39 (a)		815		1,248,202
MetLife, Inc.
4.75%, 2/08/21		1,085		1,230,171
7.717%, 2/15/19		1,159		1,502,588
Muenchener Rueckversicherungs AG
Series E
6.25%, 5/26/42 (a)	EUR	1,400		2,165,918
Nationwide Mutual Insurance Co.
9.375%, 8/15/39 (a)	U.S.$	2,585		3,777,905
Prudential Financial, Inc.
5.625%, 6/15/43		2,045		2,157,475
Swiss Re Solutions Holding Corp.
7.00%, 2/15/26		3,065		3,881,657

	Principal Amount (000)		U.S. $ Value
UnitedHealth Group, Inc.
4.375%, 3/15/42		3,020		2,971,698
XL Group PLC
5.25%, 9/15/14		1,920		2,021,549
				38,294,577
Other Finance - 0.3%
ORIX Corp.
4.71%, 4/27/15		2,467		2,602,446
REITS - 0.5%
ERP Operating LP
5.25%, 9/15/14		2,600		2,748,478
HCP, Inc.
6.00%, 1/30/17		2,195		2,512,241
				5,260,719
				157,086,420
Industrial - 14.3%
Basic - 1.5%
Air Products & Chemicals, Inc.
2.75%, 2/03/23		2,067		2,051,336
AngloGold Ashanti Holdings PLC
5.375%, 4/15/20		1,783		1,834,885
Dow Chemical Co. (The)
8.55%, 5/15/19		1,640		2,182,099
Freeport-McMoRan Copper & Gold, Inc.
2.375%, 3/15/18 (a)		2,127		2,121,136
Gerdau Trade, Inc.
4.75%, 4/15/23 (a)		2,415		2,368,468
5.75%, 1/30/21 (a)		122		126,880
International Paper Co.
5.30%, 4/01/15		2,625		2,823,316
Vale Overseas Ltd.
4.375%, 1/11/22		2,353		2,337,094
				15,845,214
Capital Goods - 0.6%
John Deere Capital Corp.
2.80%, 1/27/23		2,870		2,834,033
Republic Services, Inc.
3.80%, 5/15/18		85		91,561
5.25%, 11/15/21		1,213		1,382,228
5.50%, 9/15/19		1,768		2,050,256
				6,358,078
Communications - Media - 2.2%
CBS Corp.
5.75%, 4/15/20		1,410		1,638,134
Comcast Cable Communications Holdings, Inc.
9.455%, 11/15/22		1,906		2,829,600
Comcast Corp.
4.25%, 1/15/33		965		963,179

	Principal Amount (000)		U.S. $ Value
DirecTV Holdings LLC/DirecTV Financing Co., Inc.
4.60%, 2/15/21		1,870		2,016,780
4.75%, 10/01/14		1,200		1,260,248
Globo Comunicacao e Participacoes SA
5.307%, 5/11/22 (a)(b)		681		721,860
News America, Inc.
4.50%, 2/15/21		890		988,838
6.55%, 3/15/33		1,383		1,612,956
Omnicom Group, Inc.
3.625%, 5/01/22		1,008		1,012,938
Reed Elsevier Capital, Inc.
8.625%, 1/15/19		2,894		3,688,226
Time Warner Entertainment Co. LP
8.375%, 3/15/23		2,680		3,574,520
WPP Finance 2010
4.75%, 11/21/21		417		446,676
WPP Finance UK
8.00%, 9/15/14		2,616		2,841,523
				23,595,478
Communications - Telecommunications - 1.2%
American Tower Corp.
5.05%, 9/01/20		2,750		3,009,306
AT&T, Inc.
4.30%, 12/15/42 (a)		463		432,604
4.45%, 5/15/21		1,694		1,890,553
British Telecommunications PLC
2.00%, 6/22/15		1,215		1,244,045
Deutsche Telekom International Finance BV
4.875%, 3/06/42 (a)		2,586		2,622,369
Telecom Italia Capital SA
7.175%, 6/18/19		1,450		1,708,644
United States Cellular Corp.
6.70%, 12/15/33		1,550		1,603,757
				12,511,278
Consumer Cyclical - Automotive - 0.6%
Harley-Davidson Funding Corp.
5.75%, 12/15/14 (a)		2,465		2,640,905
Toyota Motor Credit Corp.
3.30%, 1/12/22		3,270		3,378,976
				6,019,881
Consumer Cyclical - Entertainment - 0.5%
Time Warner, Inc.
4.70%, 1/15/21		1,460		1,623,530
7.625%, 4/15/31		2,810		3,802,422
				5,425,952
Consumer Cyclical - Other - 0.4%
NIKE, Inc.
2.25%, 5/01/23		2,355		2,259,418
Wyndham Worldwide Corp.
2.50%, 3/01/18		1,620		1,624,516
				3,883,934

	Principal Amount (000)		U.S. $ Value
Consumer Cyclical - Retailers - 0.4%
Macy’s Retail Holdings, Inc.
3.875%, 1/15/22		1,304		1,367,153
Wal-Mart Stores, Inc.
2.55%, 4/11/23		2,700		2,594,757
				3,961,910
Consumer Non-Cyclical - 2.1%
Actavis, Inc.
3.25%, 10/01/22		999		981,590
Ahold Finance USA LLC
6.875%, 5/01/29		3,105		3,905,997
Alicorp SAA
3.875%, 3/20/23 (a)		1,060		1,041,269
Baxter International, Inc.
2.40%, 8/15/22		2,810		2,679,706
Bunge Ltd. Finance Corp.
5.10%, 7/15/15		481		519,143
Cadbury Schweppes US Finance LLC
5.125%, 10/01/13 (a)		3,480		3,530,008
Kroger Co. (The)
3.40%, 4/15/22		242		245,617
Mckesson Corp.
2.70%, 12/15/22		1,201		1,168,406
Pepsico, Inc.
4.00%, 3/05/42		2,972		2,823,635
Pfizer, Inc.
3.00%, 6/15/23		2,695		2,688,028
Reynolds American, Inc.
3.25%, 11/01/22		1,269		1,232,812
Teva Pharmaceutical Finance IV LLC
2.25%, 3/18/20		1,912		1,884,657
				22,700,868
Energy - 2.4%
Anadarko Petroleum Corp.
5.95%, 9/15/16		735		837,769
6.45%, 9/15/36		877		1,068,056
Apache Corp.
2.625%, 1/15/23		2,730		2,611,862
ConocoPhillips Co.
1.05%, 12/15/17		2,700		2,655,636
Nabors Industries, Inc.
9.25%, 1/15/19		2,393		3,024,728
Noble Energy, Inc.
8.25%, 3/01/19		2,858		3,698,329
Noble Holding International Ltd.
4.90%, 8/01/20		251		274,392
Occidental Petroleum Corp.
1.50%, 2/15/18		2,558		2,553,828
Phillips 66
4.30%, 4/01/22		3,940		4,248,679
Reliance Holdings USA, Inc.
5.40%, 2/14/22 (a)		2,345		2,518,511
Southwestern Energy Co.
4.10%, 3/15/22		823		859,373

	Principal Amount (000)		U.S. $ Value
Weatherford International Ltd./Bermuda
9.625%, 3/01/19		1,540		2,001,623
				26,352,786
Technology - 1.6%
Agilent Technologies, Inc.
5.00%, 7/15/20		505		559,678
Apple, Inc.
2.40%, 5/03/23		2,253		2,149,026
Baidu, Inc.
2.25%, 11/28/17		1,067		1,063,115
Hewlett-Packard Co.
4.65%, 12/09/21		1,498		1,542,570
Microsoft Corp.
2.125%, 11/15/22		2,775		2,629,357
Motorola Solutions, Inc.
3.50%, 3/01/23		1,650		1,613,895
7.50%, 5/15/25		290		364,780
Oracle Corp.
1.20%, 10/15/17		2,800		2,775,671
Telefonaktiebolaget LM Ericsson
4.125%, 5/15/22		2,995		3,068,228
Total System Services, Inc.
2.375%, 6/01/18		791		788,002
3.75%, 6/01/23		751		735,647
				17,289,969
Transportation - Airlines - 0.3%
Southwest Airlines Co.
5.25%, 10/01/14		1,695		1,784,064
5.75%, 12/15/16		1,115		1,254,418
				3,038,482
Transportation - Services - 0.5%
Asciano Finance Ltd.
3.125%, 9/23/15 (a)		3,375		3,475,254
Ryder System, Inc.
5.85%, 11/01/16		930		1,048,698
7.20%, 9/01/15		908		1,025,162
				5,549,114
				152,532,944
Utility - 2.4%
Electric - 0.7%
Constellation Energy Group, Inc.
5.15%, 12/01/20		504		570,419
FirstEnergy Corp.
Series B
4.25%, 3/15/23		476		469,226
Southern California Edison Co.
Series 13-A
3.90%, 3/15/43		2,710		2,597,318
SPI Electricity & Gas Australia Holdings Pty Ltd.
6.15%, 11/15/13 (a)		1,447		1,477,047

	Principal Amount (000)		U.S. $ Value
TECO Finance, Inc.
4.00%, 3/15/16		745		798,487
5.15%, 3/15/20		915		1,040,814
Union Electric Co.
6.70%, 2/01/19		315		392,145
				7,345,456
Natural Gas - 1.7%
Energy Transfer Partners LP
6.70%, 7/01/18		972		1,166,039
7.50%, 7/01/38		2,264		2,795,660
GDF Suez
1.625%, 10/10/17 (a)		975		975,907
Kinder Morgan Energy Partners LP
3.50%, 9/01/23		698		682,665
3.95%, 9/01/22		495		511,660
4.15%, 3/01/22		863		902,895
Nisource Finance Corp.
6.80%, 1/15/19		3,445		4,158,587
Talent Yield Investments Ltd.
4.50%, 4/25/22 (a)		2,400		2,523,789
Williams Cos., Inc. (The)
3.70%, 1/15/23		2,460		2,380,471
Williams Partners LP
5.25%, 3/15/20		2,198		2,473,341
				18,571,014
				25,916,470
Non Corporate Sectors - 0.7%
Agencies - Not Government Guaranteed - 0.7%
Abu Dhabi National Energy Co.
3.625%, 1/12/23 (a)		819		800,503
4.125%, 3/13/17 (a)		757		806,583
CNOOC Finance 2013 Ltd.
1.75%, 5/09/18		604		594,540
Electricite de France SA
5.25%, 1/29/23 (a)		2,143		2,180,502
Qtel International Finance Ltd.
3.875%, 1/31/28 (a)		647		614,650
Statoil ASA
1.15%, 5/15/18		2,700		2,658,172
				7,654,950
Total Corporates - Investment Grades (cost $318,850,044)				343,190,784
MORTGAGE PASS-THROUGHS - 8.6%
Agency Fixed Rate 30-Year - 6.1%
Federal Home Loan Mortgage Corp. Gold
Series 2006
4.50%, 5/01/36		45		47,447
Series 2007
5.50%, 7/01/35		1,508		1,636,784
Federal National Mortgage Association
3.00%, 6/01/40, TBA		12,090		12,142,894

	Principal Amount (000)		U.S. $ Value
3.50%, 6/01/43, TBA		12,635		13,083,641
3.50%, 7/01/43, TBA		10,350		10,690,013
4.00%, 6/01/43, TBA		20,340		21,438,043
Series 2003
5.50%, 4/01/33		1,243		1,358,999
Series 2004
5.50%, 4/01/34-11/01/34		3,889		4,259,635
Series 2005
5.50%, 2/01/35		964		1,054,585
Series 2006
5.00%, 1/01/36		3		3,300
Series 2007
4.50%, 8/01/37		293		313,631
				66,028,972
Agency Fixed Rate 15-Year - 2.0%
Federal National Mortgage Association
2.50%, 6/01/28, TBA		20,795		21,218,211
Agency ARMs - 0.5%
Federal Home Loan Mortgage Corp.
2.73%, 5/01/38 (c)		1,912		2,054,817
Federal National Mortgage Association
Series 2003
2.81%, 12/01/33 (c)		1,025		1,097,165
Series 2007
2.378%, 3/01/34 (c)		1,929		2,051,556
				5,203,538
Total Mortgage Pass-Throughs (cost $92,965,008)				92,450,721
COMMERCIAL MORTGAGE-BACKED SECURITIES - 4.2%
Non-Agency Fixed Rate CMBS - 3.4%
Citigroup Commercial Mortgage Trust 2006-C4
Series 2006-C4, Class A1A
5.743%, 3/15/49		2,914		3,235,608
Commercial Mortgage Pass Through Certificates
Series 2006-C8, Class A4
5.306%, 12/10/46		3,065		3,424,494
Series 2013-CR6, Class A2
2.122%, 3/10/46		5,420		5,538,601
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2007-LD11, Class A4
5.814%, 6/15/49		2,697		3,073,127
LB-UBS Commercial Mortgage Trust
Series 2004-C4, Class A4
5.53%, 6/15/29		6,015		6,210,710
Merrill Lynch/Countrywide Commercial Mortgage Trust
Series 2006-3, Class A4
5.414%, 7/12/46		6,885		7,694,359

	Principal Amount (000)		U.S. $ Value
ML-CFC Commercial Mortgage Trust 2006-4
Series 2006-4, Class A1A
5.166%, 12/12/49		3,072		3,420,235
Wachovia Bank Commercial Mortgage Trust Series 2006-C25
Series 2006-C25, Class A1A
5.728%, 5/15/43		3,039		3,396,908
				35,994,042
Agency CMBS - 0.5%
FHLMC Multifamily Structured Pass Through Certificates
Series K008, Class A2
3.531%, 6/25/20		4,653		5,005,899
Non-Agency Floating Rate CMBS - 0.3%
GS Mortgage Securities Corp. II
Series 2007-EOP, Class E
2.476%, 3/06/20 (a)(d)		1,855		1,862,555
GS Mortgage Securities Trust
Series 2013-G1, Class A2
3.557%, 4/10/31 (a)(c)		1,615		1,619,777
				3,482,332
Total Commercial Mortgage-Backed Securities (cost $42,487,645)				44,482,273
GOVERNMENTS - SOVEREIGN AGENCIES - 3.8%
Canada - 2.7%
Canada Housing Trust No 1
3.35%, 12/15/20 (a)	CAD	27,715		28,755,967
Germany - 1.1%
KFW
Series E
4.375%, 7/04/18	EUR	7,865		12,032,429
Total Governments - Sovereign Agencies (cost $41,354,130)				40,788,396
AGENCIES - 2.9%
Agency Debentures - 2.9%
Federal Home Loan Mortgage Corp.
1.75%, 5/30/19	U.S.$	12,000		12,178,884
Residual Funding Corp. Principal Strip Zero Coupon, 7/15/20		22,014		19,261,479
Total Agencies (cost $28,750,145)				31,440,363
COVERED BONDS - 2.0%
Aib Mortgage Bank
Series E
4.875%, 6/29/17	EUR	665		949,294
Bank of Ireland Mortgage Bank
3.125%, 11/20/15		580		778,954

	Principal Amount (000)		U.S. $ Value
Bank of Nova Scotia
1.75%, 3/22/17 (a)	U.S.$	2,900		2,978,880
BPCE SFH SA
3.625%, 5/12/16 (a)	EUR	400		564,624
Series E
2.75%, 2/16/17		1,800		2,503,046
1.50%, 2/28/18		1,300		1,724,786
Caisse de Refinancement de l’Habitat SA
4.00%, 4/25/18		969		1,440,825
Caisse Francaise de Financement Local
Series E
3.50%, 9/16/16		883		1,250,460
Cie de Financement Foncier SA
Series E
3.375%, 1/18/16		3,457		4,818,679
Nationwide Building Society
3.125%, 10/13/16 (a)		2,610		3,671,000
Societe Generale SFH
Series E
3.25%, 6/06/16 (a)		900		1,261,291
Total Covered Bonds (cost $20,901,838)				21,941,839
ASSET-BACKED SECURITIES - 1.8%
Credit Cards - Floating Rate - 1.0%
Capital One Multi-Asset Execution Trust
Series 2006-A12, Class A
0.259%, 7/15/16 (d)	U.S.$	5,500		5,499,340
Chase Issuance Trust
Series 2008-A10, Class A10
0.949%, 8/17/15 (d)		5,500		5,508,239
				11,007,579
Autos - Fixed Rate - 0.5%
AmeriCredit Automobile Receivables Trust
Series 2011-4, Class A2
0.92%, 3/09/15		229		229,174
Series 2011-5, Class A2
1.19%, 8/08/15		413		414,008
Ford Auto Securitization Trust
Series 2011-R3A, Class A2
1.96%, 7/15/15 (a)	CAD	2,918		2,820,236
Huntington Auto Trust
Series 2011-1A, Class A3
1.01%, 1/15/16 (a)	U.S.$	1,912		1,919,581
				5,382,999
Other ABS - Fixed Rate - 0.2%
CNH Equipment Trust
Series 2010-C, Class A3
1.17%, 5/15/15		411		411,027

	Principal Amount (000)		U.S. $ Value
GE Equipment Midticket LLC
Series 2011-1, Class A3
1.00%, 8/24/15		1,408		1,412,148
				1,823,175
Home Equity Loans - Floating Rate - 0.1%
Asset Backed Funding Certificates
Series 2003-WF1, Class A2
1.318%, 12/25/32 (d)		393		380,036
HSBC Home Equity Loan Trust
Series 2005-3, Class A1
0.458%, 1/20/35 (d)		526		520,494
				900,530
Home Equity Loans - Fixed Rate - 0.0%
Citifinancial Mortgage Securities, Inc.
Series 2003-1, Class AFPT
3.86%, 1/25/33		380		388,463
Total Asset-Backed Securities (cost $19,635,265)				19,502,746
QUASI-SOVEREIGNS - 1.5%
Quasi-Sovereign Bonds - 1.5%
Kazakhstan - 0.2%
KazMunayGas National Co. JSC
7.00%, 5/05/20 (a)		1,990		2,320,837
Malaysia - 0.3%
Petronas Capital Ltd.
5.25%, 8/12/19 (a)		3,390		3,892,639
Peru - 0.1%
El Fondo Mivivienda SA
3.50%, 1/31/23 (a)		613		586,948
Russia - 0.3%
Russian Agricultural Bank OJSC Via RSHB Capital SA
7.75%, 5/29/18 (a)		2,782		3,213,210
South Korea - 0.3%
Korea National Oil Corp.
3.125%, 4/03/17 (a)		2,995		3,086,536
United Arab Emirates - 0.3%
IPIC GMTN Ltd.
3.75%, 3/01/17 (a)		3,300		3,498,000
Total Quasi-Sovereigns (cost $14,943,830)				16,598,170
GOVERNMENTS - SOVEREIGN BONDS - 0.8%
Indonesia - 0.3%
Indonesia Government International Bond
3.375%, 4/15/23 (a)		3,326		3,143,070

	Principal Amount (000)		U.S. $ Value
Qatar - 0.3%
State of Qatar
4.50%, 1/20/22 (a)		2,944		3,257,536
Russia - 0.2%
Russian Foreign Bond - Eurobond
7.50%, 3/31/30 (a)		1,819		2,209,532
Total Governments - Sovereign Bonds (cost $8,182,078)				8,610,138
SUPRANATIONALS - 0.3%
International Bank for Reconstruction & Development
9.25%, 7/15/17 (cost $2,775,121)		2,340		3,080,016
LOCAL GOVERNMENTS - MUNICIPAL BONDS - 0.3%
United States - 0.3%
California GO
7.625%, 3/01/40 (cost $2,017,657)		1,985		2,848,435
CORPORATES - NON-INVESTMENT GRADES - 0.2%
Financial Institutions - 0.2%
Finance - 0.2%
SLM Corp.
Series A
5.375%, 5/15/14 (cost $2,045,081)		2,085		2,147,550
EMERGING MARKETS - CORPORATE BONDS - 0.2%
Industrial - 0.2%
Consumer Non-Cyclical - 0.2%
Raizen Energy Finance Ltd.
7.00%, 2/01/17 (a) (cost $2,149,252)		1,885		2,134,762
COLLATERALIZED MORTGAGE OBLIGATIONS - 0.2%
Non-Agency Fixed Rate - 0.1%
Citigroup Mortgage Loan Trust, Inc.
Series 2005-2, Class 1A4
2.636%, 5/25/35		1,330		1,326,752
Agency Fixed Rate - 0.1%
Fannie Mae Grantor Trust
Series 2004-T5, Class AB4
0.814%, 5/28/35		392		338,749
Total Collateralized Mortgage Obligations (cost $1,706,412)				1,665,501

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS - 9.7%
Investment Companies - 3.1%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (e) (cost $33,167,966)		33,167,966		33,167,966
	Principal Amount (000)
U.S. Treasury Bills - 6.6%
U.S. Treasury Bill Zero Coupon 6/13/13 (cost $70,213,984)	U.S.$	70,215		70,213,984
Total Short-Term Investments (cost $103,381,950)				103,381,950
Total Investments - 107.5% (cost $1,130,694,832) (f)				1,151,086,394
Other assets less liabilities - (7.5)% (g)				(80,735,645	)
Net Assets - 100.0%			$	1,070,350,749

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month	Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Sold Contracts
U.S. Long Bond (CBT) Futures		200	September 2013	$	28,134,136	$	28,006,250	$	127,886
U.S. T-Note 2 Yr (CBT) Futures		67	September 2013		14,751,384		14,749,422		1,962
U.S. T-Note 10 Yr (CBT) Futures		116	September 2013		15,050,507		14,989,375		61,132
								$	190,980

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC
Wholesale	USD	11,058	EUR	8,523		6/27/13	$	20,355
BNP Paribas SA	MXN	66,372	USD	5,356		7/11/13		180,388
Goldman Sachs Capital Markets LP	USD	3,653	NOK	21,366		7/11/13		(17,628	)
HSBC Bank USA	GBP	61,265	USD	93,323		6/27/13		251,157
JPMorgan Chase Bank, NA	AUD	27,337	USD	27,944		6/14/13		1,800,876
JPMorgan Chase Bank, NA	USD	1,720	GBP	1,125		6/27/13		(11,559	)
Morgan Stanley & Co., Inc.	GBP	4,091	USD	6,152		6/27/13		(62,808	)
Royal Bank of Canada	USD	520	CAD	535		6/07/13		(3,317	)
Royal Bank of Scotland PLC	CAD	33,173	USD	32,270		6/07/13		275,355
Royal Bank of Scotland PLC	NZD	1,590	USD	1,332		6/14/13		69,021

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Royal Bank of Scotland PLC	USD	1,727	EUR	1,331		6/27/13	$	3,842
Royal Bank of Scotland PLC	NOK	71,793	USD	12,237		7/11/13		20,899
State Street Bank & Trust Co.	EUR	167,101	USD	216,766		6/27/13		(449,436	)
State Street Bank & Trust Co.	USD	1,886	EUR	1,473		6/27/13		27,988
UBS AG	JPY	6,970,251	USD	69,074		7/19/13		(326,081	)
							$	1,779,052

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2013, the aggregate market value of these securities amounted to $177,638,429 or 16.6% of net assets.

(b) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at May 31, 2013.

(c) Variable rate coupon, rate shown as of May 31, 2013.

(d) Floating Rate Security. Stated interest rate was in effect at May 31, 2013.

(e) Investment in affiliated money market mutual fund. The rate shown represents the 7- day yield as of period end.

(f) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $42,167,354 and gross unrealized depreciation of investments was $(21,775,792), resulting in net unrealized appreciation of $20,391,562.

(g) An amount of U.S. $642,675 has been segregated to collateralize margin requirements for the open futures contracts at May 31, 2013.

Currency Abbreviations:

AUD	-	Australian Dollar
CAD	-	Canadian Dollar
EUR	-	Euro
GBP	-	Great British Pound
JPY	-	Japanese Yen
MXN	-	Mexican Peso
NOK	-	Norwegian Krone
NZD	-	New Zealand Dollar
USD	-	United States Dollar

Glossary:

ABS	-	Asset-Backed Securities
ARMs	-	Adjustable Rate Mortgages
CBT	-	Chicago Board of Trade
CMBS	-	Commercial Mortgage-Backed Securities
FHLMC	-	Federal Home Loan Mortgage Corporation
GO	-	General Obligation
OJSC	-	Open Joint Stock Company
REIT	-	Real Estate Investment Trust
TBA	-	To Be Announced

Global Core Bond Portfolio

COUNTRY BREAKDOWN*

May 31, 2013 (unaudited)

40.8%	United States
11.1%	United Kingdom
6.9%	Japan
5.9%	Finland
3.9%	Germany
3.0%	Canada
2.9%	Netherlands
2.8%	Australia
2.4%	Belgium
2.0%	France
1.2%	Norway
1.1%	Austria
0.8%	Sweden
6.2%	Other
9.0%	Short-Term
100.0%

* All data are as of May 31, 2013. The Portfolio’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 0.7% or less in the following countries: Brazil, China, India, Indonesia, Ireland, Israel, Italy, Kazakhstan, Malaysia, Mexico, New Zealand, Peru, Qatar, Russia, South Africa, South Korea, Spain, Supranational, Switzerland, Turkey and United Arab Emirates.

AllianceBernstein Pooling Portfolios

Global Core Bond Portfolio

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

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 data has not been provided are classified as Level 3.

Other fixed income investments, including non-U.S. government and corporate debt, are generally valued using quoted market prices, if available, which are typically impacted by current interest rates, maturity dates and any perceived credit risk of the issuer. Additionally, in the absence of quoted market prices, these inputs are used by pricing vendors to derive a valuation based upon industry or proprietary models which incorporate issuer specific data with relevant yield/spread comparisons with more widely quoted bonds with similar key characteristics. Those investments for which there are observable inputs are classified as Level 2. Where the inputs are not observable, the investments are classified as Level 3.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Governments - Treasuries

$

– 0

–

$

416,822,750

$

– 0

–

$

416,822,750

Corporates - Investment Grades

– 0

–

343,190,784

– 0

–

343,190,784

Mortgage Pass-Throughs

– 0

–

92,450,721

– 0

–

92,450,721

Commercial Mortgage-Backed Securities

– 0

–

39,546,591

4,935,682

44,482,273

Governments - Sovereign Agencies

– 0

–

40,788,396

– 0

–

40,788,396

Agencies

– 0

–

31,440,363

– 0

–

31,440,363

Covered Bonds

– 0

–

21,941,839

– 0

–

21,941,839

Asset-Backed Securities

– 0

–

16,390,578

3,112,168

19,502,746

Quasi-Sovereigns

– 0

–

16,598,170

– 0

–

16,598,170

Governments - Sovereign Bonds

– 0

–

8,610,138

– 0

–

8,610,138

Supranationals

– 0

–

3,080,016

– 0

–

3,080,016

Local Governments - Municipal Bonds

– 0

–

2,848,435

– 0

–

2,848,435

Corporates - Non-Investment Grades

– 0

–

2,147,550

– 0

–

2,147,550

Emerging Markets - Corporate Bonds

– 0

–

2,134,762

– 0

–

2,134,762

Collateralized Mortgage Obligations

– 0

–

338,749

1,326,752

1,665,501

Short-Term Investments:

Investment Companies

33,167,966

– 0

–

– 0

–

33,167,966

U.S. Treasury Bills

– 0

–

70,213,984

– 0

–

70,213,984

Total Investments in Securities

33,167,966

1,108,543,826

9,374,602

1,151,086,394

Other Financial Instruments* :

Assets:

Futures Contracts

190,980

– 0

–

– 0

–

190,980

Forward Currency Exchange Contracts

– 0

–

2,649,881

– 0

–

2,649,881

Liabilities:

Forward Currency Exchange Contracts

– 0

–

(870,829

)

– 0

–

(870,829

)

Total^

$

33,358,946

$

1,110,322,878

$

9,374,602

$

1,153,056,426

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

^ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

	Commercial Mortgage-Backed Securities			Asset-Backed Securities			Collateralized Mortgage Obligations
Balance as of 8/31/12	$	12,492,233		$	5,411,002		$	2,357,797
Accrued discounts/(premiums)		(40,082	)		255			504
Realized gain (loss)		711,139			(4,736,095	)		(2,948,569	)
Change in unrealized appreciation/depreciation		(532,615	)		4,896,955			3,154,499
Purchases		– 0	–		– 0	–		– 0	–
Sales		(7,694,993	)		(2,459,949	)		(899,447	)
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–		(338,032	)
Balance as of 5/31/13+	$	4,935,682		$	3,112,168		$	1,326,752
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(532,615	)	$	99,327		$	112,320
	Total
Balance as of 8/31/12	$	20,261,032
Accrued discounts/(premiums)		(39,323	)
Realized gain (loss)		(6,973,525	)
Change in unrealized appreciation/depreciation		7,518,839
Purchases		– 0	–
Sales		(11,054,389	)
Transfers in to Level 3		– 0	–
Transfers out of Level 3		(338,032	)
Balance as of 5/31/13	$	9,374,602
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(320,968	)

+ There were de minimus transfers under 1% of Net Assets during the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Bond Inflation Protection Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

	Principal Amount (000)		U.S. $ Value
INFLATION-LINKED SECURITIES - 97.2%
United States - 97.2%
U.S. Treasury Inflation Index
0.125%, 4/15/16-7/15/22 (TIPS) (a)	U.S.$	114,651	$	118,293,239
0.125%, 4/15/18-1/15/23 (TIPS)		68,505		70,388,566
0.625%, 7/15/21 (TIPS) (a)		88,858		96,271,928
1.125%, 1/15/21 (TIPS) (a)		14,003		15,673,549
1.25%, 7/15/20 (TIPS) (a)(b)		64,434		73,011,215
1.375%, 7/15/18 (TIPS) (a)		34,341		38,553,612
1.375%, 1/15/20 (TIPS)		42,550		48,180,894
1.625%, 1/15/15 (TIPS) (a)		67,503		70,397,936
1.625%, 1/15/18 (TIPS)		17,883		20,039,769
1.875%, 7/15/15 (TIPS)		9,364		10,012,920
1.875%, 7/15/19 (TIPS) (a)		44,528		51,951,498
2.00%, 7/15/14 (TIPS) (a)		73,770		76,363,395
2.00%, 1/15/16 (TIPS)		14,067		15,229,869
2.125%, 1/15/19 (TIPS)		22,572		26,313,770
2.50%, 7/15/16 (TIPS)		3,510		3,925,824
2.625%, 7/15/17 (TIPS)		10,102		11,692,398
Total Inflation-Linked Securities (cost $726,503,851)				746,300,382
CORPORATES - INVESTMENT GRADES - 20.2%
Industrial - 10.9%
Basic - 1.5%
AngloGold Ashanti Holdings PLC
5.375%, 4/15/20		827		851,066
Basell Finance Co. BV
8.10%, 3/15/27 (c)		590		799,673
Cia Minera Milpo SAA
4.625%, 3/28/23 (c)		893		863,715
Dow Chemical Co. (The)
4.375%, 11/15/42		1,111		1,037,936
8.55%, 5/15/19		637		847,559
Gerdau Trade, Inc.
4.75%, 4/15/23 (c)		1,400		1,373,025
5.75%, 1/30/21 (c)		113		117,520
International Paper Co.
4.75%, 2/15/22		1,710		1,888,774
LyondellBasell Industries NV
5.75%, 4/15/24		1,087		1,264,656
Sociedad Quimica y Minera de Chile SA
3.625%, 4/03/23 (c)		832		823,581
Vale SA
5.625%, 9/11/42		1,980		1,846,063
				11,713,568
Capital Goods - 0.5%
CRH Finance BV
7.375%, 5/28/14	EUR	1,100		1,521,576
Embraer SA
5.15%, 6/15/22	U.S.$	550		584,375

	Principal Amount (000)		U.S. $ Value
Odebrecht Finance Ltd.
5.125%, 6/26/22 (c)		730		762,850
Republic Services, Inc.
5.25%, 11/15/21		660		752,078
				3,620,879
Communications - Media - 1.9%
CBS Corp.
5.75%, 4/15/20		1,625		1,887,920
Comcast Corp.
5.15%, 3/01/20		1,064		1,252,263
DirecTV Holdings LLC/DirecTV Financing Co., Inc.
3.80%, 3/15/22		1,330		1,348,810
4.60%, 2/15/21		660		711,805
Globo Comunicacao e Participacoes SA
5.307%, 5/11/22 (c)(d)		606		642,360
NBCUniversal Enterprise, Inc.
5.25%, 3/19/21 (c)		906		915,060
News America, Inc.
6.15%, 3/01/37-2/15/41		1,584		1,838,765
Omnicom Group, Inc.
3.625%, 5/01/22		703		706,444
Reed Elsevier Capital, Inc.
8.625%, 1/15/19		1,340		1,707,748
Time Warner Cable, Inc.
7.50%, 4/01/14		1,435		1,515,211
WPP Finance 2010
4.75%, 11/21/21		1,737		1,860,616
				14,387,002
Communications - Telecommunications - 1.1%
American Tower Corp.
5.05%, 9/01/20		1,355		1,482,767
AT&T, Inc.
5.35%, 9/01/40		1,397		1,494,372
Deutsche Telekom International Finance BV
4.875%, 3/06/42 (c)		1,777		1,801,992
Rogers Communications, Inc.
4.00%, 6/06/22	CAD	150		151,227
Telefonica Emisiones SAU
5.462%, 2/16/21	U.S.$	835		900,224
United States Cellular Corp.
6.70%, 12/15/33		835		863,959
Verizon Communications, Inc.
7.35%, 4/01/39		780		1,047,739
Vodafone Group PLC
6.15%, 2/27/37		870		1,036,040
				8,778,320
Consumer Cyclical - Automotive - 0.5%
Ford Motor Credit Co. LLC
5.00%, 5/15/18		1,595		1,757,034

	Principal Amount (000)		U.S. $ Value
Harley-Davidson Funding Corp.
5.75%, 12/15/14 (c)		1,640		1,757,032
				3,514,066
Consumer Cyclical - Other - 0.3%
Carnival PLC
4.25%, 11/27/13	EUR	1,225		1,618,241
Host Hotels & Resorts LP
5.25%, 3/15/22	U.S.$	830		909,983
				2,528,224
Consumer Cyclical - Retailers - 0.3%
Dollar General Corp.
4.125%, 7/15/17		336		364,648
Macy’s Retail Holdings, Inc.
3.875%, 1/15/22		2,025		2,123,071
				2,487,719
Consumer Non-Cyclical - 1.0%
Actavis, Inc.
3.25%, 10/01/22		707		694,679
Bunge Ltd. Finance Corp.
5.10%, 7/15/15		1,610		1,737,673
ConAgra Foods, Inc.
3.20%, 1/25/23		591		582,295
Kroger Co. (The)
3.40%, 4/15/22		1,395		1,415,853
Reynolds American, Inc.
3.25%, 11/01/22		899		873,363
Tyson Foods, Inc.
4.50%, 6/15/22		1,985		2,116,949
				7,420,812
Energy - 2.0%
Encana Corp.
3.90%, 11/15/21		2,060		2,161,266
Marathon Petroleum Corp.
5.125%, 3/01/21		590		676,865
Nabors Industries, Inc.
9.25%, 1/15/19		1,064		1,344,885
Noble Energy, Inc.
8.25%, 3/01/19		1,370		1,772,817
Phillips 66
4.30%, 4/01/22		2,775		2,992,407
Reliance Holdings USA, Inc.
5.40%, 2/14/22 (c)		2,065		2,217,793
Transocean, Inc.
2.50%, 10/15/17		874		882,072
Valero Energy Corp.
6.125%, 2/01/20		998		1,196,839
Weatherford International Ltd./Bermuda
5.125%, 9/15/20		1,860		2,006,719
				15,251,663

	Principal Amount (000)		U.S. $ Value
Technology - 1.0%
Agilent Technologies, Inc.
5.00%, 7/15/20		249		275,960
Baidu, Inc.
2.25%, 11/28/17		480		478,252
Hewlett-Packard Co.
4.65%, 12/09/21		778		801,148
Intel Corp.
4.80%, 10/01/41		1,130		1,161,155
Motorola Solutions, Inc.
7.50%, 5/15/25		1,540		1,937,106
Telefonaktiebolaget LM Ericsson
4.125%, 5/15/22		2,095		2,146,223
Total System Services, Inc.
2.375%, 6/01/18		530		527,991
3.75%, 6/01/23		542		530,920
				7,858,755
Transportation - Airlines - 0.2%
Southwest Airlines Co.
5.75%, 12/15/16		1,615		1,816,938
Transportation - Railroads - 0.2%
CSX Corp.
4.75%, 5/30/42		1,085		1,099,618
Transportation - Services - 0.4%
Asciano Finance Ltd.
5.00%, 4/07/18 (c)		950		1,043,661
Ryder System, Inc.
3.15%, 3/02/15		1,105		1,142,988
5.85%, 11/01/16		630		710,408
				2,897,057
				83,374,621
Financial Institutions - 6.2%
Banking - 3.5%
Bank of America Corp.
3.30%, 1/11/23		780		755,577
5.00%, 5/13/21		960		1,063,248
5.625%, 7/01/20		705		814,350
Barclays Bank PLC
6.625%, 3/30/22 (c)	EUR	1,245		1,924,463
7.625%, 11/21/22	U.S.$	1,213		1,219,065
Citigroup, Inc.
5.375%, 8/09/20		496		570,850
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands
3.95%, 11/09/22		896		891,792
Danske Bank A/S
5.684%, 2/15/17	GBP	772		1,158,314
Fifth Third Bancorp
3.50%, 3/15/22	U.S.$	797		818,056
Goldman Sachs Group, Inc. (The)
5.75%, 1/24/22		545		623,886
6.00%, 6/15/20		685		802,030
HSBC Holdings PLC

	Principal Amount (000)		U.S. $ Value
4.00%, 3/30/22		810		858,783
5.10%, 4/05/21		1,130		1,287,748
ING Bank NV
2.00%, 9/25/15 (c)		1,995		2,026,711
JPMorgan Chase & Co.
4.40%, 7/22/20		715		784,583
4.50%, 1/24/22		1,120		1,214,107
Series Q
5.15%, 5/01/23		602		608,020
Macquarie Group Ltd.
7.625%, 8/13/19 (c)		720		865,512
Morgan Stanley
Series G
5.50%, 7/24/20-7/28/21		2,413		2,722,035
Murray Street Investment Trust I
4.647%, 3/09/17		184		200,548
National Capital Trust II
5.486%, 3/23/15 (c)		1,090		1,110,437
Royal Bank of Scotland PLC (The)
9.50%, 3/16/22 (c)		319		376,423
Standard Chartered PLC
4.00%, 7/12/22 (c)		1,900		1,960,040
UBS AG/Stamford CT
5.875%, 7/15/16		655		734,397
7.625%, 8/17/22		929		1,059,121
Vesey Street Investment Trust I
4.404%, 9/01/16		493		532,282
				26,982,378
Brokerage - 0.2%
Nomura Holdings, Inc.
2.00%, 9/13/16		1,863		1,864,917
Insurance - 1.9%
Allstate Corp. (The)
6.125%, 5/15/37		1,145		1,263,218
American International Group, Inc.
6.40%, 12/15/20		1,660		2,006,673
Hartford Financial Services Group, Inc.
5.125%, 4/15/22		1,330		1,516,217
6.10%, 10/01/41		760		899,600
Humana, Inc.
7.20%, 6/15/18		1,520		1,830,349
Lincoln National Corp.
8.75%, 7/01/19		550		732,426
Nationwide Mutual Insurance Co.
9.375%, 8/15/39 (c)		805		1,176,485
Prudential Financial, Inc.
5.625%, 6/15/43		940		991,700
Swiss Re Capital I LP
6.854%, 5/25/16 (c)		1,815		1,947,531
WellPoint, Inc.
3.30%, 1/15/23		703		697,800
XL Group PLC
5.25%, 9/15/14		1,590		1,674,095
				14,736,094

	Principal Amount (000)		U.S. $ Value
REITS - 0.6%
HCP, Inc.
5.375%, 2/01/21		1,877		2,156,282
Health Care REIT, Inc.
5.25%, 1/15/22		1,945		2,189,940
				4,346,222
				47,929,611
Utility - 2.7%
Electric - 0.6%
CMS Energy Corp.
5.05%, 3/15/22		669		755,382
Constellation Energy Group, Inc.
5.15%, 12/01/20		263		297,659
MidAmerican Energy Holdings Co.
6.125%, 4/01/36		960		1,155,641
Pacific Gas & Electric Co.
4.50%, 12/15/41		800		813,703
TECO Finance, Inc.
4.00%, 3/15/16		1,680		1,800,616
				4,823,001
Natural Gas - 2.1%
DCP Midstream LLC
9.75%, 3/15/19 (c)		1,290		1,701,504
Energy Transfer Partners LP
6.125%, 2/15/17		1,645		1,876,856
Enterprise Products Operating LLC
5.20%, 9/01/20		720		831,974
Kinder Morgan Energy Partners LP
3.95%, 9/01/22		1,439		1,487,432
4.15%, 3/01/22		625		653,893
ONEOK, Inc.
4.25%, 2/01/22		2,025		2,105,241
Spectra Energy Capital LLC
8.00%, 10/01/19		1,395		1,808,241
Talent Yield Investments Ltd.
4.50%, 4/25/22 (c)		2,090		2,197,800
Williams Cos., Inc. (The)
3.70%, 1/15/23		1,758		1,701,166
Williams Partners LP
3.80%, 2/15/15		1,660		1,739,605
				16,103,712
				20,926,713
Non Corporate Sectors - 0.4%
Agencies - Not Government Guaranteed - 0.4%
CNOOC Finance 2013 Ltd.
3.00%, 5/09/23		1,478		1,403,311
Gazprom OAO Via Gaz Capital SA
6.212%, 11/22/16 (c)		1,292		1,437,479
				2,840,790
Total Corporates - Investment Grades (cost $147,773,738)				155,071,735

	Principal Amount (000)		U.S. $ Value
ASSET-BACKED SECURITIES - 11.2%
Autos - Fixed Rate - 6.9%
Ally Auto Receivables Trust
Series 2013-SN1, Class A3
0.72%, 5/20/16		3,017		3,016,850
Ally Master Owner Trust
Series 2011-3, Class A2
1.81%, 5/15/16		3,150		3,186,953
Series 2013-1, Class A2
1.00%, 2/15/18		1,555		1,552,612
AmeriCredit Automobile Receivables Trust
Series 2011-4, Class A2
0.92%, 3/09/15		122		122,226
Series 2012-3, Class A3
0.96%, 1/09/17		2,415		2,427,256
Series 2012-4, Class A2
0.49%, 4/08/16		2,432		2,431,762
Series 2013-1, Class A2
0.49%, 6/08/16		1,707		1,706,540
ARI Fleet Lease Trust
Series 2013-A, Class A2
0.70%, 12/15/15 (c)		1,766		1,766,225
Avis Budget Rental Car Funding AESOP LLC
Series 2012-3A, Class A
2.10%, 3/20/19 (c)		1,475		1,492,024
Bank of America Auto Trust
Series 2012-1, Class A4
1.03%, 12/15/16		1,335		1,344,942
Capital Auto Receivables Asset Trust
Series 2013-1, Class A2
0.62%, 7/20/16		1,469		1,468,517
Exeter Automobile Receivables Trust
Series 2012-2A, Class A
1.30%, 6/15/17 (c)		1,336		1,342,412
Series 2013-1A, Class A
1.29%, 10/16/17 (c)		1,070		1,068,414
Fifth Third Auto Trust
Series 2013-A, Class A3
0.61%, 9/15/17		1,537		1,535,300
Flagship Credit Auto Trust
Series 2013-1, Class A
1.32%, 4/16/18 (c)		870		874,439
Ford Auto Securitization Trust
Series 2013-R1A, Class A2
1.676%, 9/15/16 (c)	CAD	1,271		1,229,379
Ford Credit Auto Owner Trust
Series 2009-D, Class A4
2.98%, 8/15/14	U.S.$	642		644,109
Series 2012-D, Class B
1.01%, 5/15/18		645		643,160

	Principal Amount (000)		U.S. $ Value
Ford Credit Floorplan Master Owner Trust
Series 2012-4, Class A1
0.74%, 9/15/16		2,375		2,380,736
Hertz Vehicle Financing LLC
Series 2013-1A, Class A1
1.12%, 8/25/17 (c)		4,705		4,694,155
Huntington Auto Trust
Series 2011-1A, Class A3
1.01%, 1/15/16 (c)		1,024		1,028,199
Hyundai Auto Lease Securitization Trust
Series 2013-A, Class A3
0.66%, 6/15/16 (c)		2,063		2,062,431
Hyundai Auto Receivables Trust
Series 2012-B, Class C
1.95%, 10/15/18		585		592,594
Mercedes-Benz Auto Lease Trust
Series 2013-A, Class A3
0.59%, 2/15/16		1,315		1,313,572
Mercedes-Benz Master Owner Trust
Series 2012-AA, Class A
0.79%, 11/15/17 (c)		3,196		3,189,781
Navistar Financial Corp. Owner Trust
Series 2012-A, Class A2
0.85%, 3/18/15 (c)		1,999		2,000,748
Nissan Auto Lease Trust
Series 2012-A, Class A2A
0.68%, 7/15/14		1,118		1,119,842
Porsche Innovative Lease Owner Trust
Series 2011-1, Class A3
1.09%, 9/22/14 (c)		1,551		1,553,889
Santander Drive Auto Receivables Trust
Series 2012-6, Class A2
0.47%, 9/15/15		1,990		1,989,929
Series 2013-3, Class C
1.81%, 4/15/19		1,919		1,919,041
SMART Trust/Australia
Series 2012-4US, Class A2A
0.67%, 6/14/15		1,320		1,321,510
				53,019,547
Credit Cards - Fixed Rate - 2.4%
American Express Credit Account Master Trust
Series 2012-5, Class A
0.59%, 5/15/18		2,310		2,306,139
Cabela’s Master Credit Card Trust
Series 2013-1A, Class A
2.71%, 2/17/26 (c)		1,905		1,872,799
Chase Issuance Trust
Series 2013-A1, Class A1
1.30%, 2/18/20		2,720		2,708,230
Citibank Credit Card Issuance Trust
Series 2005-A9, Class A9
5.10%, 11/20/17		1,300		1,440,336

	Principal Amount (000)		U.S. $ Value
Dryrock Issuance Trust
Series 2012-2, Class A
0.64%, 8/15/18		2,290		2,286,717
GE Capital Credit Card Master Note Trust
Series 2012-6, Class A
1.36%, 8/17/20		2,125		2,131,668
Series 2012-7, Class A
1.76%, 9/15/22		1,835		1,809,654
Series 2013-1, Class A
1.35%, 3/15/21		1,785		1,770,930
World Financial Network Credit Card Master Trust
Series 2012-B, Class A
1.76%, 5/17/21		1,310		1,321,814
Series 2013-A, Class A
1.61%, 12/15/21		809		805,959
				18,454,246
Autos - Floating Rate - 1.1%
BMW Floorplan Master Owner Trust
Series 2012-1A, Class A
0.599%, 9/15/17 (c)(e)		3,034		3,041,905
Ford Credit Floorplan Master Owner Trust
Series 2013-1, Class A2
0.579%, 1/15/18 (e)		2,082		2,082,383
GE Dealer Floorplan Master Note Trust
Series 2012-3, Class A
0.688%, 6/20/17 (e)		3,340		3,353,881
				8,478,169
Other ABS - Fixed Rate - 0.5%
CIT Equipment Collateral
Series 2012-VT1, Class A3
1.10%, 8/22/16 (c)		1,192		1,195,840
CNH Equipment Trust
Series 2010-C, Class A3
1.17%, 5/15/15		207		207,548
Series 2012-A, Class A3
0.94%, 5/15/17		1,605		1,611,294
GE Equipment Midticket LLC
Series 2011-1, Class A3
1.00%, 8/24/15		707		709,311
				3,723,993
Credit Cards - Floating Rate - 0.3%
Penarth Master Issuer PLC
Series 2012-1A, Class A1
0.768%, 3/18/14 (c)(e)		2,401		2,406,139
Total Asset-Backed Securities (cost $86,145,261)				86,082,094

	Principal Amount (000)		U.S. $ Value
COMMERCIAL MORTGAGE-BACKED SECURITIES - 8.7%
Non-Agency Fixed Rate CMBS - 7.8%
Bear Stearns Commercial Mortgage Securities, Inc.
Series 2006-T24, Class AJ
5.598%, 10/12/41		805		775,559
CGRBS Commercial Mortgage Trust
Series 2013-VN05
3.369%, 3/13/23 (c)		1,970		1,977,502
Citigroup Commercial Mortgage Trust
Series 2006-C4, Class A1A
5.743%, 3/15/49		698		774,698
Commercial Mortgage Pass-Through Certificates
Series 2006-C3, Class AJ
5.796%, 6/15/38		770		780,517
Series 2006-C8, Class A4
5.306%, 12/10/46		3,350		3,742,921
Series 2013-SFS, Class A1
1.873%, 4/12/35 (c)		1,008		992,001
CW Capital Cobalt Ltd.
Series 2007-C3, Class A4
5.791%, 5/15/46		3,835		4,414,288
Extended Stay America Trust
Series 2013-ESH7, Class A17
2.295%, 12/05/31 (c)		1,320		1,295,555
Greenwich Capital Commercial Funding Corp.
Series 2007-GG9, Class A4
5.444%, 3/10/39		3,382		3,807,013
Series 2007-GG9, Class AM
5.475%, 3/10/39		227		248,795
GS Mortgage Securities Corp. II
Series 2012-GCJ7, Class A4
3.377%, 5/10/45		4,045		4,177,692
GS Mortgage Securities Trust
Series 2013-G1, Class A1
2.059%, 4/10/31 (c)		1,917		1,906,719
Series 2013-KING, Class A
2.706%, 12/10/27 (c)		2,082		2,110,614
JP Morgan Chase Commercial Mortgage Securities Corp.
Series 2006-CB15, Class A4
5.814%, 6/12/43		2,255		2,500,497
Series 2007-CB19, Class AM
5.714%, 2/12/49		700		778,778
Series 2007-LD11, Class A4
5.814%, 6/15/49		1,091		1,243,505
Series 2007-LD12, Class AM
6.001%, 2/15/51		598		677,862
Series 2010-C2, Class A1
2.749%, 11/15/43 (C)		1,579		1,638,762
Merrill Lynch Mortgage Trust
Series 2005-CIP1, Class A2
4.96%, 7/12/38		1,099		1,112,185
Series 2006-C2, Class A1A
5.739%, 8/12/43		1,293		1,452,948

	Principal Amount (000)		U.S. $ Value
Merrill Lynch/Countrywide Commercial Mortgage Trust
Series 2006-3, Class A4
5.414%, 7/12/46		3,265		3,648,814
ML-CFC Commercial Mortgage Trust
Series 2006-4, Class A1A
5.166%, 12/12/49		4,842		5,390,922
Morgan Stanley Capital I Trust
Series 2007-T27, Class A1A
5.647%, 6/11/42		3,012		3,473,262
Motel 6 Trust
Series 2012-MTL6, Class A2
1.948%, 10/05/25 (c)		1,518		1,508,490
UBS-Barclays Commercial Mortgage Trust
Series 2012-C3, Class A4
3.091%, 8/10/49		317		316,086
Series 2012-C4, Class A5
2.85%, 12/10/45		637		620,758
Series 2013-C5, Class A4
3.185%, 3/10/46		3,276		3,274,210
Wachovia Bank Commercial Mortgage Trust
Series 2006-C25, Class A1A
5.728%, 5/15/43		3,322		3,713,223
WF-RBS Commercial Mortgage Trust
Series 2013-C14, Class A5
3.337%, 6/15/46		1,776		1,801,101
				60,155,277
Non-Agency Floating Rate CMBS - 0.5%
Banc of America Commercial Mortgage, Inc.
Series 2007-5, Class AM
5.772%, 2/10/51 (f)		618		683,610
Extended Stay America Trust
Series 2013-ESFL, Class A2FL
0.898%, 12/05/31 (c)(e)		1,010		1,010,855
GS Mortgage Securities Corp. II
Series 2013-KYO, Class A
1.048%, 11/08/29 (c)(e)		2,035		2,040,189
				3,734,654
Agency CMBS - 0.4%
FHLMC Multifamily Structured Pass Through Certificates
Series K008, Class A1
2.746%, 12/25/19		2,944		3,095,147
Total Commercial Mortgage-Backed Securities (cost $65,747,838)				66,985,078
MORTGAGE PASS-THROUGHS - 3.4%
Agency Fixed Rate 30-Year - 3.0%
Federal National Mortgage Association
3.50%, 7/01/43, TBA		22,310		23,042,918

	Principal Amount (000)		U.S. $ Value
Agency ARMs - 0.4%
Federal Home Loan Mortgage Corp.
2.385%, 11/01/35 (e)		1,901		2,018,702
2.73%, 5/01/38 (f)		987		1,060,550
				3,079,252
Total Mortgage Pass-Throughs (cost $26,124,562)				26,122,170
CORPORATES - NON-INVESTMENT GRADES - 1.5%
Financial Institutions - 0.8%
Banking - 0.7%
Bank of America Corp.
Series U
5.20%, 6/01/23		1,362		1,348,380
Citigroup, Inc.
5.95%, 1/30/23		1,935		2,022,075
LBG Capital No. 2 PLC
Series 22
15.00%, 12/21/19	EUR	1,015		1,919,503
				5,289,958
Finance - 0.1%
SLM Corp.
7.25%, 1/25/22	U.S.$	1,075		1,131,437
				6,421,395
Industrial - 0.7%
Basic - 0.0%
Eagle Spinco, Inc.
4.625%, 2/15/21 (c)		157		158,178
Capital Goods - 0.3%
B/E Aerospace, Inc.
5.25%, 4/01/22		1,245		1,301,025
Ball Corp.
5.00%, 3/15/22		1,250		1,293,750
				2,594,775
Communications - Telecommunications - 0.1%
MTS International Funding Ltd.
5.00%, 5/30/23 (c)		322		318,457
Consumer Cyclical - Other - 0.2%
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
5.375%, 3/15/22		1,245		1,310,362
Energy - 0.1%
Cimarex Energy Co.
5.875%, 5/01/22		596		636,230
				5,018,002
Total Corporates - Non-Investment Grades (cost $11,203,941)				11,439,397

	Principal Amount (000)		U.S. $ Value
QUASI-SOVEREIGNS - 1.1%
Quasi-Sovereign Bonds - 1.1%
Indonesia - 0.2%
Perusahaan Listrik Negara PT
5.50%, 11/22/21 (c)		1,083		1,157,456
Kazakhstan - 0.2%
KazMunayGas National Co. JSC
7.00%, 5/05/20 (c)		1,328		1,548,780
Malaysia - 0.2%
Petronas Capital Ltd.
5.25%, 8/12/19 (c)		1,500		1,722,407
South Korea - 0.3%
Korea National Oil Corp.
3.125%, 4/03/17 (c)		2,070		2,133,265
United Arab Emirates - 0.2%
IPIC GMTN Ltd.
3.75%, 3/01/17 (c)		1,695		1,796,700
Total Quasi-Sovereigns (cost $7,939,345)				8,358,608
GOVERNMENTS - SOVEREIGN BONDS - 0.3%
Indonesia - 0.1%
Indonesia Government International Bond
3.375%, 4/15/23 (c)		1,171		1,106,595
Qatar - 0.2%
State of Qatar
4.50%, 1/20/22 (c)		1,445		1,598,893
Total Governments - Sovereign Bonds (cost $2,590,544)				2,705,488
	Shares
PREFERRED STOCKS - 0.1%
Financial Institutions - 0.1%
Insurance - 0.1%
Allstate Corp. (The)
5.10% (cost $1,106,208)		41,400		1,078,470
	Principal Amount (000)
EMERGING MARKETS - CORPORATE BONDS - 0.1%
Industrial - 0.1%
Communications - Telecommunications - 0.1%
VimpelCom Holdings BV
5.20%, 2/13/19 (c) (cost $497,000)	U.S.$	497		498,409

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS – 1.0%
Investment Companies – 1.0%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (g) (cost $7,376,732)		7,376,732		7,376,732
Total Investments – 144.8% (cost $1,083,009,020) (h)				1,112,018,563
Other assets less liabilities – (44.8)% (i)				(343,865,778	)
Net Assets – 100.0%			$	768,152,785

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month	Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Sold Contracts
U.S. Long Bond (CBT) Futures		99	September 2013	$	13,926,398	$	13,863,094	$	63,304
U.S. T-Note 5 Yr Futures		651	September 2013		79,725,382		79,691,555		33,827
U.S. T-Note 10 Yr (CBT) Futures		174	September 2013		22,550,899		22,484,063		66,836
								$	163,967

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC Wholesale		EUR	8,481		USD	11,005		6/27/13	$	(20,256	)
BNP Paribas SA		USD	7,756		MXN	96,108		7/11/13		(261,206	)
Deutsche Bank AG London		USD	383		GBP	252		6/27/13		970
Goldman Sachs Capital Markets LP		JPY	1,129,603		USD	11,189		7/19/13		(58,278	)
HSBC BankUSA		GBP	8,577		USD	13,065		6/27/13		35,162
Royal Bank of Scotland PLC		CAD	9,609		USD	9,347		6/07/13		79,760
Royal Bank of Scotland PLC		AUD	5,735		USD	5,829		6/14/13		344,395
									$	120,547

INTEREST RATE SWAP CONTRACTS

					Rate Type
Swap Counterparty	Notional Amount (000)		Termination Date		Payments made by the Fund			Payments received by the Fund		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC	$	33,270		6/7/13		0.627	%		3 Month LIBOR	$	(80,779	)

					Rate Type
Swap Counterparty	Notional Amount (000)		Termination Date		Payments made by the Fund	Payments received by the Fund	Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC	$	50,940		11/17/13	1.059%	3 Month LIBOR	$	(201,321	)
Barclays Bank PLC		7,590		1/17/22	2.050%	3 Month LIBOR		(22,196	)
JPMorgan Chase Bank, NA		8,040		5/17/21	3.268%	3 Month LIBOR		(804,047	)
Morgan Stanley & Co., LLC		10,920		5/21/23	3 Month LIBOR	2.020%		(303,674	)
Morgan Stanley & Co., LLC	EUR	9,520		5/21/23	1.566%	6 Month EURIBOR		178,983
Morgan Stanley Capital Services Inc.	$	46,600		3/12/14	0.563%	3 Month LIBOR		(117,811	)
Morgan Stanley Capital Services Inc.		5,480		2/21/42	2.813%	3 Month LIBOR		406,853
Morgan Stanley Capital Services Inc.		3,990		3/6/42	2.804%	3 Month LIBOR		310,474
							$	(633,518	)

CREDIT DEFAULT SWAP CONTRACTS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value		Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Sale Contracts
Bank of America, NA:
Societe Generale, 5.25% 3/28/13, 12/20/17*		3.00	%		1.55	%	EUR	1,400	$	124,836	$	77,408		$	47,428
Credit Suisse International:
Anadarko Petroleum Corp., 5.95% 9/15/16, 9/20/17*		1.00			0.77		$	2,140		23,227		(64,754	)		87,981
									$	148,063	$	12,654		$	135,409

* Termination date

REVERSE REPURCHASE AGREEMENTS

Broker	Interest Rate			Maturity	U.S. $ Value at May 31, 2013
Bank of America+		0.06	%	—	$	54,751,047
Bank of America		0.14	%	6/03/13		46,840,125
Barclays+		0.04	%	—		48,446,766
Barclays		0.12	%	6/03/13		29,031,250
Barclays		0.18	%	7/09/13		26,047,192

Broker	Interest Rate			Maturity	U.S. $ Value at May 31, 2013
JP Morgan Chase		0.19	%	6/04/13	$	10,208,290
Goldman		0.12	%	7/29/13		9,982,508
Morgan Stanley		0.15	%	7/11/13		10,230,213
Morgan Stanley		0.15	%	8/14/13		45,633,722
Morgan Stanley		0.17	%	8/29/13		99,507,178
Morgan Stanley		0.18	%	7/10/13		37,516,814
Morgan Stanley		0.19	%	7/16/13		65,674,629
Warburg		0.12	%	8/22/13		12,212,663
					$	496,082,397

+ The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on May 31, 2013

(a) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements. The market value of the collateral amounted to $288,733,410.

(b) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding. The aggregate market value of these securities amounted to $2,262,673.

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2013, the aggregate market value of these securities amounted to $87,181,253 or 11.3% of net assets.

(d) Coupon rate adjusts periodically based upon a predetermined schedule. Stated interest rate in effect at May 31, 2013.

(e) Floating Rate Security. Stated interest rate was in effect at May 31, 2013.

(f) Variable rate coupon, rate shown as of May 31, 2013.

(g) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(h) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $37,859,191 and gross unrealized depreciation of investments was $(8,849,648), resulting in net unrealized appreciation of $29,009,543.

(i) An amount of U.S. $675,950 has been segregated to collateralize margin requirements for the open futures contracts at May 31, 2013.

Currency Abbreviations:

AUD	-	Australian Dollar
CAD	-	Canadian Dollar
EUR	-	Euro
GBP	-	Great British Pound
JPY	-	Japanese Yen
MXN	-	Mexican Peso
USD	-	United States Dollar

Glossary:

ABS	-	Asset-Backed Securities
ARMs	-	Adjustable Rate Mortgages
CBT	-	Chicago Board of Trade
CMBS	-	Commercial Mortgage-Backed Securities
EURIBOR	-	Euro Interbank Offered Rate
FHLMC	-	Federal Home Loan Mortgage Corporation
LIBOR	-	London Interbank Offered Rates
REIT	-	Real Estate Investment Trust
TBA	-	To Be Announced
TIPS	-	Treasury Inflation Protected Security

AllianceBernstein Pooling Portfolios

Bond Inflation Protection Portfolio

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3.

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.

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.

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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Inflation-Linked Securities	$	– 0	–	$	746,300,382		$	– 0	–	$	746,300,382
Corporates - Investment Grades		– 0	–		155,071,735			– 0	–		155,071,735
Asset-Backed Securities		3,016,850			79,341,251			3,723,993			86,082,094
Commercial Mortgage-Backed Securities		– 0	–		61,796,452			5,188,626			66,985,078
Mortgage Pass-Throughs		– 0	–		26,122,170			– 0	–		26,122,170
Corporates - Non-Investment Grades		– 0	–		11,439,397			– 0	–		11,439,397
Quasi-Sovereigns		– 0	–		8,358,608			– 0	–		8,358,608
Governments - Sovereign Bonds		– 0	–		2,705,488			– 0	–		2,705,488
Preferred Stocks		1,078,470			– 0	–		– 0	–		1,078,470
Emerging Markets - Corporate Bonds		– 0	–		498,409			– 0	–		498,409
Short-Term Investments		7,376,732			– 0	–		– 0	–		7,376,732

Total Investments in Securities		11,472,052			1,091,633,892			8,912,619			1,112,018,563
Other Financial Instruments* :
Assets:
Futures Contracts		163,967			– 0	–		– 0	–		163,967
Forward Currency Exchange Contracts		– 0	–		460,287			– 0	–		460,287
Interest Rate Swap Contracts		– 0	–		896,310			– 0	–		896,310
Credit Default Swap Contracts		– 0	–		135,409			– 0	–		135,409
Liabilities:
Forward Currency Exchange Contracts		– 0	–		(339,740	)		– 0	–		(339,740	)
Interest Rate Swap Contracts		– 0	–		(1,529,828	)		– 0	–		(1,529,828	)
Total^	$	11,636,019		$	1,091,256,330		$	8,912,619		$	1,111,804,968

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

^ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

	Asset-Backed Securities			Commercial Mortgage-Backed Securities			Bank Loans
Balance as of 8/31/12	$	8,646,219		$	4,328,766		$	1,108,530
Accrued discounts/(premiums)		40			(43,381	)		131
Realized gain (loss)		14,657			200,775			15,610
Change in unrealized appreciation/depreciation		(38,164	)		(78,579	)		(21,535	)
Purchases		– 0	–		4,457,610			– 0	–
Sales		(1,541,772	)		(3,676,565	)		(1,102,736	)
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		(3,356,987	)		– 0	–		– 0	–
Balance as of 5/31/13+	$	3,723,993		$	5,188,626		$	– 0	–
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(8,670	)	$	(78,579	)	$	– 0	–
	Total
Balance as of 8/31/12	$	14,083,515
Accrued discounts/(premiums)		(43,210	)
Realized gain (loss)		231,042
Change in unrealized appreciation/depreciation		(138,278	)
Purchases		4,457,610
Sales		(6,321,073	)
Transfers in to Level 3		– 0	–
Transfers out of Level 3		(3,356,987	)
Balance as of 5/31/13	$	8,912,619
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(87,249	)

+ There were de minimis transfers under 1% of net assets during the reporting period.

The following presents information about significant unobservable inputs related to the Portfolio with material categories of Level 3 investments at May 31, 2013:

Quantitative Information about Level 3 Fair Value Measurements

	Fair Value at		Valuation	Unobservable	Range/
	5/31/13		Technique	Input	Weighted Average
Asset-Backed Securities	$	3,723,993	Third Party Vendor	Evaluated Quotes	$	100.12 - $100.40/$100.34
Collateralized Mortgage Obligations	$	5,188,626	Third Party Vendor	Evaluated Quotes	$	96.34 - $113.96/$108.30

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

Volatility Management

Portfolio of Investments

May 31, 2013 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 47.7%
Financials - 8.7%
Capital Markets - 1.0%
3i Group PLC		22,408	$	115,120
Aberdeen Asset Management PLC		21,155		148,673
Ameriprise Financial, Inc.		6,600		538,032
Bank of New York Mellon Corp. (The)		38,000		1,142,280
BlackRock, Inc.-Class A		4,140		1,155,888
Charles Schwab Corp. (The)		35,900		712,974
Credit Suisse Group AG (a)		31,520		931,614
Daiwa Securities Group, Inc.		40,000		327,190
Deutsche Bank AG (REG)		25,245		1,172,930
E*Trade Financial Corp. (a)		9,300		108,159
Franklin Resources, Inc.		4,500		696,645
Goldman Sachs Group, Inc. (The)		14,300		2,317,744
Hargreaves Lansdown PLC		5,819		84,791
ICAP PLC		12,443		68,797
Invesco Ltd.		14,400		485,856
Investec PLC		13,241		92,852
Julius Baer Group Ltd. (a)		5,317		209,988
Legg Mason, Inc.		3,700		129,648
Macquarie Group Ltd.		7,926		323,195
Mediobanca SpA		12,704		83,574
Morgan Stanley		44,800		1,160,320
Nomura Holdings, Inc.		89,000		674,838
Northern Trust Corp.		7,100		412,865
Partners Group Holding AG		426		108,300
Ratos AB		4,711		40,655
SBI Holdings, Inc./Japan		5,508		68,551
Schroders PLC		2,779		99,208
State Street Corp.		14,900		986,082
T Rowe Price Group, Inc.		8,500		644,810
UBS AG (a)		89,535		1,570,981
				16,612,560
Commercial Banks - 3.0%
Aozora Bank Ltd.		14,000		40,408
Australia & New Zealand Banking Group Ltd.		66,639		1,738,296
Banca Monte dei Paschi di Siena SpA (a)(b)		139,084		42,659
Banco Bilbao Vizcaya Argentaria SA		133,690		1,253,040
Banco de Sabadell SA (b)		68,088		128,058
Banco Espirito Santo SA (a)		44,620		44,147
Banco Popolare SC (a)		40,005		58,861
Banco Popular Espanol SA		130,606		107,929
Banco Santander SA		253,234		1,811,188
Bank Hapoalim BM (a)		24,757		114,555
Bank Leumi Le-Israel BM (a)		29,314		102,331
Bank of East Asia Ltd.		33,400		130,136
Bank of Kyoto Ltd. (The)		8,000		64,380
Bank of Yokohama Ltd. (The)		29,000		142,133
Bankia SA (a)(b)		186		213
Banque Cantonale Vaudoise		74		38,309
Barclays PLC		284,478		1,362,686
BB&T Corp.		22,800		750,576
Bendigo and Adelaide Bank Ltd.		9,752		91,511
BNP Paribas SA		24,609		1,440,108

Company	Shares		U.S. $ Value
BOC Hong Kong Holdings Ltd.		90,500		301,990
CaixaBank (b)		18,761		67,535
Chiba Bank Ltd. (The)		18,000		112,005
Chugoku Bank Ltd. (The)		4,000		54,487
Comerica, Inc.		6,100		240,889
Commerzbank AG (a)		9,296		95,885
Commonwealth Bank of Australia		39,065		2,481,869
Credit Agricole SA (a)		24,569		230,356
Danske Bank A/S (a)		16,037		314,626
DBS Group Holdings Ltd.		45,000		609,273
DnB ASA		24,029		388,577
Erste Group Bank AG		5,336		171,383
Fifth Third Bancorp		28,500		518,700
First Horizon National Corp.		7,900		90,692
Fukuoka Financial Group, Inc.		18,000		73,048
Gunma Bank Ltd. (The)		9,000		44,563
Hachijuni Bank Ltd. (The)		10,000		50,955
Hang Seng Bank Ltd.		18,800		301,757
Hiroshima Bank Ltd. (The)		12,000		48,564
HSBC Holdings PLC		449,269		4,928,942
Huntington Bancshares, Inc./OH		27,500		213,125
Intesa Sanpaolo SpA		244,816		456,716
Intesa Sanpaolo SpA - RSP		19,298		30,003
Iyo Bank Ltd. (The)		6,000		51,425
Joyo Bank Ltd. (The)		15,000		74,255
KBC Groep NV		3,961		157,016
KeyCorp		30,100		324,478
Lloyds Banking Group PLC (a)		1,030,964		958,220
M&T Bank Corp.		4,000		419,600
Mitsubishi UFJ Financial Group, Inc.		312,600		1,814,178
Mizrahi Tefahot Bank Ltd. (a)		3,047		31,465
Mizuho Financial Group, Inc.		560,600		1,067,333
National Australia Bank Ltd.		55,773		1,534,359
Natixis		21,180		99,856
Nishi-Nippon City Bank Ltd. (The)		16,000		38,551
Nordea Bank AB		64,727		795,236
Oversea-Chinese Banking Corp., Ltd.		63,000		513,213
PNC Financial Services Group, Inc. (The)		17,300		1,239,372
Raiffeisen Bank International AG		1,202		40,760
Regions Financial Corp.		46,100		420,893
Resona Holdings, Inc.		46,200		207,233
Royal Bank of Scotland Group PLC (a)		51,251		258,798
Seven Bank Ltd.		13,149		46,832
Shinsei Bank Ltd.		37,000		86,402
Shizuoka Bank Ltd. (The)		13,000		134,962
Skandinaviska Enskilda Banken AB		34,682		361,021
Societe Generale SA (b)		17,311		690,399
Standard Chartered PLC		58,812		1,361,757
Sumitomo Mitsui Financial Group, Inc.		33,000		1,302,832
Sumitomo Mitsui Trust Holdings, Inc.		76,000		311,371
SunTrust Banks, Inc.		17,600		564,784
Suruga Bank Ltd.		5,000		74,896
Svenska Handelsbanken AB		12,279		527,797
Swedbank AB		19,659		468,168
UniCredit SpA		98,560		553,137
Unione di Banche Italiane SCPA		19,809		88,436
United Overseas Bank Ltd.		31,000		523,591
US Bancorp/MN		60,800		2,131,648
Wells Fargo & Co.		160,100		6,492,055

Company	Shares		U.S. $ Value
Westpac Banking Corp.		75,572		2,036,733
Wing Hang Bank Ltd.		4,500		43,100
Yamaguchi Financial Group, Inc.		5,000		43,262
Zions Bancorporation		6,000		168,300
				49,345,188
Consumer Finance - 0.3%
Acom Co., Ltd. (a)		980		34,526
AEON Financial Service Co., Ltd. (b)		1,600		42,654
American Express Co.		31,400		2,377,294
Capital One Financial Corp.		18,985		1,156,756
Credit Saison Co., Ltd.		3,900		90,935
Discover Financial Services		16,100		763,301
SLM Corp.		14,800		351,352
				4,816,818
Diversified Financial Services - 1.4%
ASX Ltd.		4,306		153,446
Bank of America Corp.		353,502		4,828,837
Citigroup, Inc.		99,299		5,162,555
CME Group, Inc./IL-Class A		10,000		679,300
Deutsche Boerse AG		4,745		305,899
Eurazeo		770		42,086
Exor SpA		1,576		49,946
First Pacific Co., Ltd./Hong Kong		47,000		62,203
Groupe Bruxelles Lambert SA		1,984		156,782
Hong Kong Exchanges and Clearing Ltd.		25,200		421,853
Industrivarden AB		2,895		50,029
ING Groep NV (a)		94,178		878,181
IntercontinentalExchange, Inc. (a)		2,400		410,904
Investment AB Kinnevik		5,057		134,076
Investor AB		11,199		321,486
JPMorgan Chase & Co.		125,000		6,823,750
Leucadia National Corp.		9,500		298,110
London Stock Exchange Group PLC		4,333		91,819
McGraw Hill Financial, Inc.		9,200		501,860
Mitsubishi UFJ Lease & Finance Co., Ltd.		14,300		64,826
Moody’s Corp.		6,300		418,572
NASDAQ OMX Group, Inc. (The)		3,800		119,548
NYSE Euronext		7,900		317,817
ORIX Corp.		25,700		340,833
Pargesa Holding SA		664		45,932
Pohjola Bank PLC		3,407		55,350
Resolution Ltd.		32,923		143,610
Singapore Exchange Ltd.		21,000		122,460
Wendel SA		808		89,193
				23,091,263
Insurance - 2.1%
ACE Ltd.		11,100		995,448
Admiral Group PLC		5,003		100,877
Aegon NV		42,259		288,325
Aflac, Inc.		15,300		852,057
Ageas		5,742		210,513
AIA Group Ltd.		265,900		1,175,542
Allianz SE		11,195		1,729,252
Allstate Corp. (The)		15,600		752,544
American International Group, Inc. (a)		48,240		2,144,750

Company	Shares		U.S. $ Value
AMP Ltd.		70,162		344,069
AON PLC		10,200		649,434
Assicurazioni Generali SpA		28,710		534,183
Assurant, Inc.		2,500		124,350
Aviva PLC		71,746		360,548
AXA SA		43,471		877,666
Baloise Holding AG		1,168		114,327
Berkshire Hathaway, Inc. (a)		59,600		6,798,572
Chubb Corp. (The)		8,500		740,350
Cincinnati Financial Corp.		4,800		227,232
CNP Assurances		3,993		60,292
Dai-ichi Life Insurance Co., Ltd. (The)		209		283,048
Delta Lloyd NV		3,409		66,660
Genworth Financial, Inc.-Class A (a)		16,000		172,960
Gjensidige Forsikring ASA		4,918		74,165
Hannover Rueckversicherung SE		1,483		111,645
Hartford Financial Services Group, Inc.		14,200		434,946
Insurance Australia Group Ltd.		50,098		270,362
Legal & General Group PLC		144,425		389,070
Lincoln National Corp.		8,800		313,808
Loews Corp.		10,100		462,782
Mapfre SA		17,150		61,623
Marsh & McLennan Cos., Inc.		17,900		716,358
MetLife, Inc.		35,700		1,578,297
MS&AD Insurance Group Holdings		12,500		306,593
Muenchener Rueckversicherungs AG		4,410		822,574
NKSJ Holdings, Inc.		9,000		201,051
Old Mutual PLC		119,669		369,577
Principal Financial Group, Inc.		9,000		340,650
Progressive Corp. (The)		18,100		461,369
Prudential Financial, Inc.		15,200		1,048,344
Prudential PLC		62,742		1,055,389
QBE Insurance Group Ltd.		29,055		440,270
RSA Insurance Group PLC		84,718		147,491
Sampo Oyj		10,305		417,661
SCOR SE		4,014		117,599
Sony Financial Holdings, Inc.		4,269		62,581
Standard Life PLC		57,007		337,244
Suncorp Group Ltd.		31,635		374,567
Swiss Life Holding AG (a)		749		124,169
Swiss Re AG (a)		8,659		635,868
T&D Holdings, Inc.		14,200		171,667
Tokio Marine Holdings, Inc.		17,000		489,469
Torchmark Corp.		3,000		193,530
Travelers Cos., Inc. (The)		12,400		1,038,128
Tryg A/S		603		50,626
Unum Group		8,800		250,624
Vienna Insurance Group AG Wiener Versicherung Gruppe		944		46,057
XL Group PLC		9,600		301,728
Zurich Insurance Group AG (a)		3,623		958,163
				34,779,044
Real Estate Investment Trusts (REITs) - 0.5%
American Tower Corp.		12,900		1,004,136
Ascendas Real Estate Investment Trust		104,000		190,247
British Land Co. PLC		49,115		451,952
CapitaMall Trust		138,550		234,702
CFS Retail Property Trust Group		108,937		208,841

Company	Shares		U.S. $ Value
Corio NV		3,792		169,013
EPR Properties		1,460		76,533
Gecina SA		1,149		139,848
GPT Group		83,318		308,564
Hammerson PLC		40,053		310,571
ICADE		1,325		119,438
Japan Real Estate Investment Corp.		34		334,764
Klepierre		5,502		236,861
Land Securities Group PLC		43,929		619,646
Link REIT (The)		128,400		660,570
Macerich Co. (The)		8,900		577,699
Mirvac Group		191,998		306,037
Nippon Building Fund, Inc.		37		380,515
Plum Creek Timber Co., Inc.		5,300		252,810
Westfield Group		118,167		1,297,006
Westfield Retail Trust		160,027		469,617
				8,349,370
Real Estate Management & Development - 0.4%
Aeon Mall Co., Ltd.		4,420		115,738
CapitaLand Ltd.		142,050		386,477
CapitaMalls Asia Ltd.		72,496		109,596
CBRE Group, Inc. (a)		9,900		229,482
City Developments Ltd.		31,200		264,692
Daito Trust Construction Co., Ltd.		1,800		167,527
Daiwa House Industry Co., Ltd.		13,000		245,673
Henderson Land Development Co., Ltd.		52,400		367,274
Hulic Co., Ltd.		5,895		49,399
IMMOFINANZ AG (a)		22,877		93,605
Keppel Land Ltd.		42,450		124,687
Kerry Properties Ltd.		37,400		151,855
Mitsui Fudosan Co., Ltd.		47,090		1,299,134
Nomura Real Estate Holdings, Inc.		5,180		114,864
NTT Urban Development Corp.		64		73,329
Sino Land Co., Ltd.		164,360		244,417
Sumitomo Realty & Development Co., Ltd.		23,590		902,186
Sun Hung Kai Properties Ltd.		88,100		1,169,216
Wharf Holdings Ltd.		85,350		757,952
				6,867,103
Thrifts & Mortgage Finance - 0.0%
Hudson City Bancorp, Inc.		15,500		131,750
People’s United Financial, Inc.		11,000		151,360
				283,110
				144,144,456
Information Technology - 6.0%
Communications Equipment - 0.6%
Cisco Systems, Inc.		174,200		4,194,736
F5 Networks, Inc. (a)		2,600		216,346
Harris Corp.		3,700		185,481
JDS Uniphase Corp. (a)		7,600		103,512
Juniper Networks, Inc. (a)		16,800		297,864
Motorola Solutions, Inc.		9,000		521,640
Nokia Oyj (a)(b)		90,560		302,950
QUALCOMM, Inc.		56,100		3,561,228

Company	Shares		U.S. $ Value
Telefonaktiebolaget LM Ericsson-Class B		74,668		877,114
				10,260,871
Computers & Peripherals - 1.3%
Apple, Inc. (c)		30,760		13,832,157
Dell, Inc.		47,700		636,795
EMC Corp./MA (a)		68,700		1,701,012
Fujitsu Ltd.		45,000		186,286
Gemalto NV		1,948		163,561
Hewlett-Packard Co.		63,800		1,557,996
NEC Corp.		63,000		146,497
NetApp, Inc. (a)		11,700		439,101
SanDisk Corp. (a)		7,900		466,258
Seagate Technology PLC		10,380		447,170
Toshiba Corp.		98,000		461,064
Western Digital Corp.		7,100		449,572
				20,487,469
Electronic Equipment, Instruments & Components - 0.3%
Amphenol Corp.-Class A		5,200		405,080
Citizen Holdings Co., Ltd.		6,400		36,814
Corning, Inc.		48,100		739,297
FLIR Systems, Inc.		4,700		114,492
Fujifilm Holdings Corp.		11,400		235,263
Hamamatsu Photonics KK		1,800		59,664
Hexagon AB		5,822		168,889
Hirose Electric Co., Ltd.		800		103,079
Hitachi High-Technologies Corp.		1,600		36,802
Hitachi Ltd.		113,000		760,583
Hoya Corp.		10,700		214,882
Ibiden Co., Ltd.		3,000		46,579
Jabil Circuit, Inc.		6,000		120,360
Keyence Corp.		1,200		366,183
Kyocera Corp.		3,800		370,510
Molex, Inc.		4,500		132,030
Murata Manufacturing Co., Ltd.		5,000		377,880
Nippon Electric Glass Co., Ltd.		9,000		45,488
Omron Corp.		5,000		148,005
Shimadzu Corp.		6,000		49,113
TDK Corp.		3,100		117,379
TE Connectivity Ltd.		13,700		608,143
Yaskawa Electric Corp.		5,000		60,383
Yokogawa Electric Corp.		4,900		58,471
				5,375,369
Internet Software & Services - 0.7%
Akamai Technologies, Inc. (a)		5,800		267,496
Dena Co., Ltd. (b)		2,590		54,613
eBay, Inc. (a)		38,100		2,061,210
Google, Inc.-Class A (a)		8,750		7,616,087
United Internet AG (b)		2,379		67,531
VeriSign, Inc. (a)		5,000		235,200
Yahoo! Japan Corp.		357		161,742
Yahoo!, Inc. (a)		31,600		831,080
				11,294,959

Company	Shares		U.S. $ Value
IT Services - 1.1%
Nomura Research Institute Ltd.		2,500		72,247
Cognizant Technology Solutions Corp.-Class A (a)		9,800		633,570
Computer Sciences Corp.		5,000		223,050
Fidelity National Information Services, Inc.		9,500		426,550
Fiserv, Inc. (a)		4,400		383,504
Cap Gemini SA (b)		3,639		177,237
International Business Machines Corp.		34,300		7,135,086
AtoS		1,407		102,640
Otsuka Corp.		400		37,072
Computershare Ltd.		10,930		116,095
Mastercard, Inc.-Class A		3,480		1,984,470
Amadeus IT Holding SA		7,704		235,129
SAIC, Inc.		9,200		133,400
Teradata Corp. (a)		5,400		301,050
Total System Services, Inc.		5,200		122,252
NTT Data Corp.		31		104,131
Itochu Techno-Solutions Corp.		700		30,077
Paychex, Inc.		10,500		390,915
Automatic Data Processing, Inc.		15,800		1,085,776
Accenture PLC		21,100		1,732,521
Visa, Inc.-Class A		16,900		3,010,566
Western Union Co. (The)-Class W		18,500		303,030
				18,740,368
Office Electronics - 0.1%
Brother Industries Ltd.		5,800		66,281
Canon, Inc.		27,900		953,301
Konica Minolta, Inc.		11,500		82,147
Ricoh Co., Ltd.		16,000		185,759
Xerox Corp.		39,900		350,721
				1,638,209
Semiconductors & Semiconductor Equipment - 0.7%
Advanced Micro Devices, Inc. (a)(b)		19,800		79,200
Advantest Corp.		3,700		55,868
Altera Corp.		10,400		345,176
Analog Devices, Inc.		10,000		459,300
Applied Materials, Inc.		39,200		595,840
ARM Holdings PLC		33,857		495,873
ASM Pacific Technology Ltd. (b)		4,900		58,822
ASML Holding NV		7,726		639,419
Broadcom Corp.-Class A		17,100		614,061
Infineon Technologies AG (b)		26,721		227,364
Intel Corp.		161,600		3,923,648
KLA-Tencor Corp.		5,400		303,966
Lam Research Corp. (a)		5,288		247,373
Linear Technology Corp.		7,500		281,250
LSI Corp. (a)		17,900		132,460
Mellanox Technologies Ltd. (a)		879		48,549
Microchip Technology, Inc.		6,300		229,824
Micron Technology, Inc. (a)		33,300		388,944
NVIDIA Corp.		20,400		295,596
Rohm Co., Ltd.		2,400		87,666
STMicroelectronics NV		15,672		146,105
Sumco Corp.		2,800		33,581
Teradyne, Inc. (a)		6,200		111,228

Company	Shares		U.S. $ Value
Texas Instruments, Inc.		36,000		1,292,040
Tokyo Electron Ltd.		4,200		206,590
Xilinx, Inc.		8,500		345,525
				11,645,268
Software - 1.2%
Adobe Systems, Inc. (a)		16,300		699,433
Autodesk, Inc. (a)		7,300		275,429
BMC Software, Inc. (a)		4,300		194,769
CA, Inc.		10,800		294,948
Citrix Systems, Inc. (a)		6,100		392,535
Dassault Systemes SA (b)		1,567		196,413
Electronic Arts, Inc. (a)		9,800		225,302
Intuit, Inc.		9,100		531,804
Konami Corp.		2,500		60,480
Microsoft Corp.		246,300		8,590,944
Nexon Co., Ltd.		2,659		28,169
NICE Systems Ltd.		1,458		53,811
Nintendo Co., Ltd.		2,700		266,642
Oracle Corp.		120,600		4,071,456
Oracle Corp. Japan (b)		1,000		39,309
Red Hat, Inc. (a)		6,300		303,849
Sage Group PLC (The)		30,171		166,527
Salesforce.com, Inc. (a)		17,600		745,008
SAP AG (b)		22,647		1,694,854
Symantec Corp. (a)		22,500		503,775
Trend Micro, Inc./Japan		2,600		79,127
				19,414,584
				98,857,097
Health Care - 5.4%
Biotechnology - 0.7%
Actelion Ltd. (a)		2,727		162,889
Alexion Pharmaceuticals, Inc. (a)		6,340		618,404
Amgen, Inc.		24,500		2,462,985
Biogen Idec, Inc. (a)		7,800		1,852,422
Celgene Corp. (a)		13,700		1,694,005
CSL Ltd.		12,405		705,851
Elan Corp. PLC (a)		12,367		155,140
Gilead Sciences, Inc. (a)		49,700		2,707,656
Grifols SA (a)		3,667		134,274
Regeneron Pharmaceuticals, Inc. (a)		2,500		604,675
				11,098,301
Health Care Equipment & Supplies - 0.7%
Abbott Laboratories		51,300		1,881,171
Baxter International, Inc.		17,800		1,251,874
Becton Dickinson and Co.		6,300		621,306
Boston Scientific Corp. (a)		44,300		409,332
CareFusion Corp. (a)		7,200		264,600
Cochlear Ltd.		1,400		86,198
Coloplast A/S		2,800		160,117
Covidien PLC		15,400		979,440

Company	Shares		U.S. $ Value
CR Bard, Inc.		2,500		257,725
DENTSPLY International, Inc.		4,600		192,096
Edwards Lifesciences Corp. (a)		3,700		245,902
Elekta AB		9,022		137,220
Essilor International SA (b)		4,995		549,573
Fresenius SE & Co. KGaA		3,090		366,034
Getinge AB		4,921		147,067
Intuitive Surgical, Inc. (a)		1,330		661,715
Medtronic, Inc.		33,000		1,683,330
Olympus Corp. (a)		5,300		157,382
Smith & Nephew PLC		22,047		257,854
Sonova Holding AG (a)		1,208		132,642
St Jude Medical, Inc.		9,200		397,716
Stryker Corp.		9,400		624,066
Sysmex Corp.		1,800		118,090
Terumo Corp.		3,800		187,057
Varian Medical Systems, Inc. (a)		3,600		241,236
William Demant Holding A/S (a)(b)		646		51,478
Zimmer Holdings, Inc.		5,500		431,805
				12,494,026
Health Care Providers & Services - 0.6%
Aetna, Inc.		12,409		749,255
Alfresa Holdings Corp.		1,000		51,964
AmerisourceBergen Corp.-Class A		7,500		405,600
Cardinal Health, Inc.		11,100		521,256
Celesio AG		2,091		42,966
CIGNA Corp.		9,300		631,470
DaVita HealthCare Partners, Inc. (a)		2,800		347,396
Express Scripts Holding Co. (a)		26,683		1,657,548
Fresenius Medical Care AG & Co. KGaA		5,240		355,757
Humana, Inc.		5,200		420,056
Laboratory Corp. of America Holdings (a)		3,100		308,419
McKesson Corp.		7,600		865,336
Medipal Holdings Corp.		3,600		48,002
Miraca Holdings, Inc.		1,400		60,415
Patterson Cos., Inc.		2,700		105,516
Quest Diagnostics, Inc.		5,200		321,568
Ramsay Health Care Ltd.		3,230		106,754
Sonic Healthcare Ltd.		9,133		123,859
Suzuken Co., Ltd./Aichi Japan		1,800		57,041
Tenet Healthcare Corp. (a)		3,350		158,690
UnitedHealth Group, Inc.		33,500		2,098,105
WellPoint, Inc.		9,900		762,003
				10,198,976
Health Care Technology - 0.0%
Cerner Corp. (a)		4,800		471,744
M3, Inc.		16		34,428
				506,172
Life Sciences Tools & Services - 0.2%
Agilent Technologies, Inc.		11,300		513,585
Life Technologies Corp. (a)		5,600		414,960
Lonza Group AG (a)		1,301		96,541
PerkinElmer, Inc.		3,700		115,884

Company	Shares		U.S. $ Value
QIAGEN NV (a)		5,791		107,399
Thermo Fisher Scientific, Inc.		11,700		1,033,110
Waters Corp. (a)		2,800		270,788
				2,552,267
Pharmaceuticals - 3.2%
AbbVie, Inc.		51,600		2,202,804
Actavis, Inc. (a)		4,200		517,818
Allergan, Inc./United States		10,100		1,004,849
Astellas Pharma, Inc.		10,900		556,621
AstraZeneca PLC		30,596		1,565,420
Bayer AG		20,333		2,172,934
Bristol-Myers Squibb Co.		53,500		2,461,535
Chugai Pharmaceutical Co., Ltd.		5,500		110,190
Daiichi Sankyo Co., Ltd.		16,500		270,898
Dainippon Sumitomo Pharma Co., Ltd.		3,900		53,880
Eisai Co., Ltd.		6,200		237,952
Eli Lilly & Co.		32,600		1,733,016
Forest Laboratories, Inc. (a)		7,600		302,100
GlaxoSmithKline PLC		122,034		3,157,407
Hisamitsu Pharmaceutical Co., Inc. (b)		1,600		78,270
Hospira, Inc. (a)		5,400		187,272
Johnson & Johnson		91,300		7,685,634
Kyowa Hakko Kirin Co., Ltd.		6,000		67,015
Merck & Co., Inc.		98,700		4,609,290
Merck KGaA		1,589		251,497
Mitsubishi Tanabe Pharma Corp.		6,000		76,420
Mylan, Inc./PA (a)		12,900		393,192
Novartis AG		56,438		4,042,767
Novo Nordisk A/S-Class B		10,014		1,623,045
Ono Pharmaceutical Co., Ltd.		2,100		146,030
Orion Oyj		2,374		58,431
Otsuka Holdings Co., Ltd. (b)		8,915		285,978
Perrigo Co.		2,900		336,139
Pfizer, Inc.		234,820		6,394,149
Roche Holding AG		17,238		4,273,927
Sanofi		29,288		3,122,925
Santen Pharmaceutical Co., Ltd.		1,900		76,088
Shionogi & Co., Ltd.		7,300		136,477
Shire PLC		13,832		455,269
Taisho Pharmaceutical Holdings Co., Ltd.		887		59,402
Takeda Pharmaceutical Co., Ltd.		19,400		859,853
Teva Pharmaceutical Industries Ltd.		23,182		888,013
Tsumura & Co.		1,500		42,821
UCB SA		2,705		147,166
				52,644,494
				89,494,236
Consumer Discretionary - 5.3%
Auto Components - 0.3%
Aisin Seiki Co., Ltd.		4,700		169,908
BorgWarner, Inc. (a)		3,800		308,066
Bridgestone Corp.		16,000		519,358
Cie Generale des Etablissements Michelin-Class B		4,480		390,971
Continental AG		2,699		353,142
Delphi Automotive PLC		9,521		464,720

Company	Shares		U.S. $ Value
Denso Corp.		12,000		495,796
GKN PLC		39,964		179,228
Goodyear Tire & Rubber Co. (The) (a)		8,000		121,120
Johnson Controls, Inc.		22,300		833,128
Koito Manufacturing Co., Ltd.		3,000		54,464
NGK Spark Plug Co., Ltd.		5,000		87,751
NHK Spring Co., Ltd.		4,000		45,117
NOK Corp.		2,600		41,535
Nokian Renkaat OYJ		2,756		114,887
Pirelli & C. SpA (b)		5,849		67,316
Stanley Electric Co., Ltd.		3,500		63,859
Sumitomo Rubber Industries Ltd.		4,200		65,758
Toyoda Gosei Co., Ltd.		1,600		38,375
Toyota Boshoku Corp.		1,600		22,737
Toyota Industries Corp.		4,000		156,100
				4,593,336
Automobiles - 0.8%
Bayerische Motoren Werke AG		8,141		772,567
Bayerische Motoren Werke AG (Preference Shares)		1,283		89,206
Daihatsu Motor Co., Ltd.		5,000		106,060
Daimler AG		22,288		1,415,600
Fiat SpA (a)		20,438		160,179
Ford Motor Co.		128,100		2,008,608
Fuji Heavy Industries Ltd.		14,000		315,331
Harley-Davidson, Inc.		7,400		403,596
Honda Motor Co., Ltd.		40,000		1,484,990
Isuzu Motors Ltd.		29,000		215,295
Mazda Motor Corp. (a)		66,000		253,893
Mitsubishi Motors Corp. (a)(b)		95,000		144,937
Nissan Motor Co., Ltd.		61,000		658,735
Peugeot SA (a)(b)		5,671		49,927
Porsche Automobil Holding SE (Preference Shares)		3,765		310,515
Renault SA		4,726		364,754
Suzuki Motor Corp.		9,000		218,963
Toyota Motor Corp.		67,700		3,950,925
Volkswagen AG		725		153,588
Volkswagen AG (Preference Shares)		3,556		772,297
Yamaha Motor Co., Ltd.		6,900		106,844
				13,956,810
Distributors - 0.0%
Genuine Parts Co.		5,100		396,474
Jardine Cycle & Carriage Ltd.		3,000		110,617
Li & Fung Ltd.		142,000		197,434
				704,525
Diversified Consumer Services - 0.0%
Apollo Group, Inc.-Class A (a)		3,200		63,968
Benesse Holdings, Inc.		1,700		62,721
Gree, Inc. (b)		2,291		22,920
H&R Block, Inc.		8,800		257,576
				407,185

Company	Shares		U.S. $ Value
Hotels, Restaurants & Leisure - 0.7%
Accor SA		3,632		129,727
Carnival Corp.		14,500		479,950
Carnival PLC		4,579		153,375
Chipotle Mexican Grill, Inc.-Class A (a)		1,100		397,100
Compass Group PLC		45,669		598,901
Crown Ltd.		9,850		120,199
Darden Restaurants, Inc.		4,200		217,560
Echo Entertainment Group Ltd. (b)		16,915		47,777
Flight Centre Ltd. (b)		1,351		50,383
Galaxy Entertainment Group Ltd. (a)		51,400		266,822
Genting Singapore PLC		149,000		170,426
International Game Technology		8,600		153,768
Marriott International, Inc./DE-Class A		7,900		331,879
McDonald’s Corp.		32,800		3,167,496
McDonald’s Holdings Co. Japan Ltd. (b)		1,700		47,305
MGM China Holdings Ltd.		20,600		54,482
OPAP SA		5,491		45,406
Oriental Land Co., Ltd./Japan		1,300		177,256
Sands China Ltd.		58,200		307,438
Shangri-La Asia Ltd.		38,000		70,277
SJM Holdings Ltd.		45,500		122,563
SKYCITY Entertainment Group Ltd.		12,550		41,640
Sodexo		2,318		197,822
Starbucks Corp.		24,500		1,545,215
Starwood Hotels & Resorts Worldwide, Inc.		6,300		430,290
TABCORP Holdings Ltd.		16,263		50,982
Tatts Group Ltd.		31,902		97,572
TUI Travel PLC		9,841		53,138
Whitbread PLC		4,375		190,467
Wynn Macau Ltd.		36,500		107,335
Wynn Resorts Ltd.		2,600		353,314
Yum! Brands, Inc.		14,700		995,925
				11,173,790
Household Durables - 0.2%
Casio Computer Co., Ltd.		5,500		48,965
DR Horton, Inc.		9,100		221,676
Electrolux AB		5,915		159,297
Garmin Ltd. (b)		3,530		123,303
Harman International Industries, Inc.		2,200		116,820
Husqvarna AB		9,926		56,433
Leggett & Platt, Inc.		4,600		147,200
Lennar Corp.-Class A		5,400		212,328
Newell Rubbermaid, Inc.		9,300		251,472
Panasonic Corp. (a)		54,100		412,303
PulteGroup, Inc. (a)		11,100		239,649
Rinnai Corp.		800		63,408
Sekisui Chemical Co., Ltd.		10,000		99,505
Sekisui House Ltd.		13,000		168,530
Sharp Corp./Japan (a)(b)		24,000		110,238
Sony Corp.		24,700		488,385
Whirlpool Corp.		2,600		332,176
				3,251,688
Internet & Catalog Retail - 0.3%
Amazon.com, Inc. (a)		11,900		3,201,457

Company	Shares		U.S. $ Value
Expedia, Inc.		3,000		172,380
NetFlix, Inc. (a)		1,900		429,875
priceline.com, Inc. (a)		1,660		1,334,524
Rakuten, Inc.		17,814		198,471
TripAdvisor, Inc. (a)		3,600		232,164
				5,568,871
Leisure Equipment & Products - 0.1%
Hasbro, Inc.		3,700		164,576
Mattel, Inc.		11,200		501,200
Namco Bandai Holdings, Inc.		4,400		71,321
Nikon Corp.		8,400		220,439
Sankyo Co., Ltd.		1,200		52,668
Sega Sammy Holdings, Inc.		4,900		116,419
Shimano, Inc.		1,900		146,327
Yamaha Corp.		3,900		41,659
				1,314,609
Media - 1.3%
Axel Springer AG		973		42,470
British Sky Broadcasting Group PLC		26,498		313,299
Cablevision Systems Corp.		7,000		105,840
CBS Corp.-Class B		19,100		945,450
Comcast Corp.-Class A		86,200		3,460,930
Dentsu, Inc.		4,500		136,094
DIRECTV (a)		18,700		1,143,131
Discovery Communications, Inc.-Class A (a)		8,000		630,880
Eutelsat Communications SA		3,247		100,791
Gannett Co., Inc.		7,500		161,250
Hakuhodo DY Holdings, Inc.		580		38,278
Interpublic Group of Cos., Inc. (The)		13,500		191,970
ITV PLC		90,909		180,028
JCDecaux SA		1,637		42,610
Kabel Deutschland Holding AG		2,177		204,983
Lagardere SCA (b)		2,902		74,645
News Corp.-Class A		65,300		2,096,783
Omnicom Group, Inc.		8,500		528,105
Pearson PLC		20,064		372,917
ProSiebenSat.1 Media AG (Preference Shares)		2,152		85,587
Publicis Groupe SA		4,356		311,673
Reed Elsevier NV		16,915		277,189
Reed Elsevier PLC		29,937		334,789
Scripps Networks Interactive, Inc.-Class A		2,800		188,608
SES SA		7,471		220,710
Singapore Press Holdings Ltd. (b)		39,000		131,575
Telenet Group Holding NV		1,395		65,264
Time Warner Cable, Inc.-Class A		9,700		926,447
Time Warner, Inc.		30,500		1,780,285
Toho Co., Ltd./Tokyo		2,800		49,026
Viacom, Inc.-Class B		14,900		981,761
Walt Disney Co. (The)		59,000		3,721,720
Washington Post Co. (The)-Class B		200		93,446
Wolters Kluwer NV		7,423		162,318
WPP PLC		30,988		527,541
				20,628,393

Company	Shares		U.S. $ Value
Multiline Retail - 0.3%
Dollar General Corp. (a)		9,860		520,608
Dollar Tree, Inc. (a)		7,400		355,496
Don Quijote Co., Ltd.		1,400		63,093
Family Dollar Stores, Inc.		3,100		189,565
Harvey Norman Holdings Ltd. (b)		10,380		24,729
Isetan Mitsukoshi Holdings Ltd.		8,700		107,823
J Front Retailing Co., Ltd.		11,000		75,509
JC Penney Co., Inc. (a)(b)		4,600		80,868
Kering		1,858		403,756
Kohl’s Corp.		6,900		354,729
Macy’s, Inc.		12,900		623,586
Marks & Spencer Group PLC		39,510		279,610
Marui Group Co., Ltd.		5,500		50,966
Next PLC		4,071		284,693
Nordstrom, Inc.		4,900		288,218
Takashimaya Co., Ltd.		6,392		59,362
Target Corp.		21,300		1,480,350
				5,242,961
Specialty Retail - 0.8%
ABC-Mart, Inc. (b)		700		25,319
Abercrombie & Fitch Co.-Class A		2,600		130,208
AutoNation, Inc. (a)		1,200		55,596
AutoZone, Inc. (a)		1,260		515,126
Bed Bath & Beyond, Inc. (a)		7,400		505,050
Best Buy Co., Inc.		8,600		236,930
CarMax, Inc. (a)		7,400		346,098
Fast Retailing Co., Ltd.		1,300		437,265
GameStop Corp.-Class A (b)		3,900		129,324
Gap, Inc. (The)		9,700		393,335
Hennes & Mauritz AB-Class B		23,345		798,676
Home Depot, Inc. (The)		48,900		3,846,474
Inditex SA		5,364		664,011
Kingfisher PLC		57,131		297,643
L Brands, Inc.		7,800		390,078
Lowe’s Cos., Inc.		36,200		1,524,382
Nitori Holdings Co., Ltd.		850		66,886
O’Reilly Automotive, Inc. (a)		3,700		402,967
PetSmart, Inc.		3,490		235,575
Ross Stores, Inc.		7,300		469,390
Sanrio Co., Ltd. (b)		1,100		52,519
Shimamura Co., Ltd.		600		68,928
Staples, Inc.		22,000		330,000
Tiffany & Co.		3,900		303,342
TJX Cos., Inc.		23,800		1,204,518
Urban Outfitters, Inc. (a)		3,500		146,755
USS Co., Ltd.		540		62,613
Yamada Denki Co., Ltd. (b)		2,140		80,722
				13,719,730
Textiles, Apparel & Luxury Goods - 0.5%
Adidas AG		5,144		559,279
Asics Corp.		4,000		61,741
Burberry Group PLC		10,788		235,941
Christian Dior SA		1,340		245,149

Company	Shares		U.S. $ Value
Cie Financiere Richemont SA (SWX Europe)		12,835		1,134,885
Coach, Inc.		9,200		535,992
Fossil, Inc. (a)		1,729		183,620
Hugo Boss AG		606		67,475
Luxottica Group SpA		4,040		209,129
LVMH Moet Hennessy Louis Vuitton SA		6,246		1,103,316
NIKE, Inc.-Class B		23,700		1,461,342
PVH Corp.		2,611		300,761
Ralph Lauren Corp.		2,000		350,180
Swatch Group AG (The)		758		432,015
Swatch Group AG (The) (REG)		1,068		105,271
VF Corp.		2,900		533,194
Yue Yuen Industrial Holdings Ltd.		18,000		51,985
				7,571,275
				88,133,173
Industrials - 5.2%
Aerospace & Defense - 0.9%
BAE Systems PLC		78,921		482,447
Boeing Co. (The)		22,200		2,198,244
Cobham PLC		25,045		108,107
European Aeronautic Defence and Space Co. NV (b)		10,138		583,752
Finmeccanica SpA (a)		9,951		54,955
General Dynamics Corp.		10,900		840,390
Honeywell International, Inc.		25,600		2,008,576
L-3 Communications Holdings, Inc.		2,900		246,761
Lockheed Martin Corp.		8,800		931,304
Meggitt PLC		19,234		154,760
Northrop Grumman Corp.		7,700		634,403
Precision Castparts Corp.		4,800		1,026,816
Raytheon Co.		10,600		706,384
Rockwell Collins, Inc.		4,500		291,375
Rolls-Royce Holdings PLC (a)		46,035		835,035
Rolls-Royce Holdings-prf C (a)		5,478,165		8,323
Safran SA (b)		5,640		299,791
Singapore Technologies Engineering Ltd.		37,000		119,478
Textron, Inc.		8,800		237,248
Thales SA (b)		2,239		108,674
United Technologies Corp.		27,600		2,619,240
Zodiac Aerospace		839		110,520
				14,606,583
Air Freight & Logistics - 0.3%
CH Robinson Worldwide, Inc.		5,200		294,788
Deutsche Post AG		22,248		560,647
Expeditors International of Washington, Inc.		6,700		261,501
FedEx Corp.		9,600		924,864
Kuehne & Nagel International AG		1,328		148,365
TNT Express NV		8,015		61,639
Toll Holdings Ltd.		16,083		73,855
United Parcel Service, Inc.-Class B		23,400		2,010,060
Yamato Holdings Co., Ltd.		9,200		168,923
				4,504,642

Company	Shares		U.S. $ Value
Airlines - 0.1%
ANA Holdings Inc (b)		28,000		58,766
Cathay Pacific Airways Ltd.		28,000		51,947
Deutsche Lufthansa AG (REG)		5,630		120,791
International Consolidated Airlines Group SA (a)		20,991		88,298
Japan Airlines Co., Ltd.		1,469		75,297
Qantas Airways Ltd. (a)		23,671		35,806
Singapore Airlines Ltd.		13,000		109,714
Southwest Airlines Co.		23,700		335,829
				876,448
Building Products - 0.1%
Asahi Glass Co., Ltd.		25,000		177,933
Assa Abloy AB		8,292		332,327
Cie de St-Gobain		9,825		426,714
Daikin Industries Ltd.		5,800		251,482
Geberit AG		905		225,287
LIXIL Group Corp.		6,600		157,330
Masco Corp.		11,600		243,832
TOTO Ltd.		7,000		72,327
				1,887,232
Commercial Services & Supplies - 0.3%
ADT Corp. (The) (a)		7,150		290,219
Aggreko PLC		6,595		177,388
Avery Dennison Corp.		3,200		139,200
Babcock International Group PLC		8,831		154,872
Brambles Ltd.		38,220		332,932
Cintas Corp.		3,400		155,227
Dai Nippon Printing Co., Ltd.		14,000		119,176
Edenred		4,166		132,463
G4S PLC		33,439		125,720
Park24 Co., Ltd.		2,400		44,577
Pitney Bowes, Inc. (b)		6,500		95,420
Republic Services, Inc.-Class A		9,700		330,770
Secom Co., Ltd.		5,200		262,228
Securitas AB		7,699		70,316
Serco Group PLC		12,250		113,427
Societe BIC SA		704		74,955
Stericycle, Inc. (a)		2,800		307,328
Toppan Printing Co., Ltd. (b)		13,000		84,616
Tyco International Ltd.		15,200		513,912
Waste Management, Inc.		14,200		595,406
				4,120,152
Construction & Engineering - 0.2%
ACS Actividades de Construccion y Servicios SA		3,482		97,358
Balfour Beatty PLC		15,687		54,985
Bouygues SA (b)		4,645		123,384
Chiyoda Corp.		4,000		43,017
Ferrovial SA		9,920		159,753
Fluor Corp.		5,300		335,013
Hochtief AG		757		52,820
Jacobs Engineering Group, Inc. (a)		4,200		239,442
JGC Corp.		5,000		165,890
Kajima Corp.		20,000		58,436
Kinden Corp.		3,000		23,990

Company	Shares		U.S. $ Value
Koninklijke Boskalis Westminster NV		1,899		75,307
Leighton Holdings Ltd. (b)		3,730		61,906
Obayashi Corp.		15,000		72,417
Quanta Services, Inc. (a)		6,900		195,753
Shimizu Corp.		14,000		49,375
Skanska AB		9,342		165,914
Taisei Corp.		25,000		78,471
Vinci SA		11,313		580,185
				2,633,416
Electrical Equipment - 0.4%
ABB Ltd. (REG) (a)		54,069		1,183,024
Alstom SA		5,069		190,783
Eaton Corp. PLC		15,409		1,017,919
Emerson Electric Co.		23,600		1,356,056
First Solar, Inc. (a)		1,900		103,322
Fuji Electric Co., Ltd.		13,000		42,296
Furukawa Electric Co., Ltd.		15,000		36,542
GS Yuasa Corp. (b)		8,000		35,768
Legrand SA (b)		5,829		285,672
Mabuchi Motor Co., Ltd.		600		28,651
Mitsubishi Electric Corp.		47,000		442,075
Nidec Corp.		2,700		182,932
Prysmian SpA		5,009		106,617
Rockwell Automation, Inc.		4,600		404,892
Roper Industries, Inc.		3,200		397,504
Schneider Electric SA		12,895		1,020,398
Sumitomo Electric Industries Ltd.		18,500		221,299
Ushio, Inc. (a)		2,600		32,087
				7,087,837
Industrial Conglomerates - 0.9%
3M Co.		20,800		2,293,616
Danaher Corp.		18,900		1,168,398
General Electric Co.		339,700		7,921,804
Hutchison Whampoa Ltd.		52,000		550,494
Keppel Corp., Ltd.		35,000		289,705
Koninklijke Philips NV		25,559		723,729
NWS Holdings Ltd.		35,000		61,554
SembCorp Industries Ltd.		24,000		91,932
Siemens AG		20,231		2,132,598
Smiths Group PLC		9,655		200,834
				15,434,664
Industrial Warehouse Distribution - 0.1%
DCT Industrial Trust, Inc.		8,510		62,804
EastGroup Properties, Inc.		930		54,656
First Industrial Realty Trust, Inc.		3,050		51,514
Global Logistic Properties Ltd.		143,715		317,843
GLP J-Reit		50		45,981
Hansteen Holdings PLC		21,213		28,260
Hopewell Holdings Ltd.		13,500		48,523
Industrial & Infrastructure Fund Investment Corp. (b)		4		37,106
Japan Logistics Fund, Inc.		10		92,395
Mapletree Industrial Trust (b)		35,262		38,822
Mapletree Logistics Trust		44,405		42,459

Company	Shares		U.S. $ Value
ProLogis, Inc.		30,635		1,234,590
Segro PLC		40,721		171,602
STAG Industrial, Inc.		1,350		29,700
Warehouses De Pauw SCA		290		18,255
				2,274,510
Machinery - 1.0%
Alfa Laval AB		8,251		179,340
Amada Co., Ltd.		8,000		54,519
Andritz AG		1,790		97,468
Atlas Copco AB		9,595		226,092
Atlas Copco AB-Class A		16,511		435,751
Caterpillar, Inc.		21,400		1,836,120
Cummins, Inc.		5,800		693,854
Deere & Co.		12,700		1,106,297
Dover Corp.		5,700		446,025
FANUC Corp.		4,700		692,145
Fiat Industrial SpA		21,042		242,013
Flowserve Corp.		1,600		269,008
GEA Group AG		4,293		155,820
Hino Motors Ltd.		6,000		85,131
Hitachi Construction Machinery Co., Ltd.		2,700		62,387
IHI Corp.		32,000		117,041
Illinois Tool Works, Inc.		13,600		953,768
IMI PLC		7,895		153,817
Ingersoll-Rand PLC		9,000		517,770
Invensys PLC		19,984		119,669
Japan Steel Works Ltd. (The)		7,000		44,275
Joy Global, Inc.		3,500		189,280
JTEKT Corp.		5,500		59,326
Kawasaki Heavy Industries Ltd.		34,000		113,764
Komatsu Ltd.		22,900		573,455
Kone Oyj		3,828		336,277
Kubota Corp.		27,000		391,069
Kurita Water Industries Ltd.		2,800		60,823
Makita Corp.		2,800		149,500
MAN SE		1,040		115,143
Melrose Industries PLC		28,170		111,643
Metso Oyj		3,142		120,188
Mitsubishi Heavy Industries Ltd.		74,000		452,965
Nabtesco Corp.		3,000		61,607
NGK Insulators Ltd.		7,000		87,247
NSK Ltd.		11,000		101,525
PACCAR, Inc.		11,500		616,400
Pall Corp.		3,600		245,520
Parker Hannifin Corp.		4,900		488,824
Pentair Ltd.		6,684		389,276
Sandvik AB		24,674		345,640
Scania AB		7,868		175,448
Schindler Holding AG		1,195		173,718
Schindler Holding AG (REG)		529		74,956
SembCorp Marine Ltd. (b)		20,000		68,294
SKF AB		9,638		233,690
SMC Corp./Japan		1,400		265,500
Snap-On, Inc.		1,900		173,071
Stanley Black & Decker, Inc.		5,200		411,944
Sulzer AG		590		98,569
Sumitomo Heavy Industries Ltd.		13,000		54,144
THK Co., Ltd.		3,000		63,678
Vallourec SA (b)		2,538		137,606

Company	Shares		U.S. $ Value
Volvo AB-Class B		34,219		499,364
Wartsila Oyj Abp		4,122		191,994
Weir Group PLC (The)		5,225		183,421
Xylem, Inc./NY		6,000		168,840
Yangzijiang Shipbuilding Holdings Ltd. (b)		40,600		28,174
Zardoya Otis SA		3,789		51,241
				16,551,434
Marine - 0.0%
AP Moeller - Maersk A/S		33		235,820
AP Moeller - Maersk A/S (Line of A Shares)		14		95,665
Mitsui OSK Lines Ltd. (a)		26,000		92,342
Nippon Yusen KK		39,000		99,992
Orient Overseas International Ltd.		5,500		34,576
				558,395
Mixed Office Industrial - 0.0%
Goodman Group		92,358		450,755
Professional Services - 0.1%
Adecco SA (a)		3,258		181,560
ALS Ltd./Queensland (b)		8,299		78,975
Bureau Veritas SA		1,359		157,070
Capita PLC		16,078		234,236
Dun & Bradstreet Corp. (The) (b)		1,300		127,582
Equifax, Inc.		3,900		237,510
Experian PLC		24,809		456,274
Intertek Group PLC		3,953		192,176
Randstad Holding NV		2,962		126,905
Robert Half International, Inc.		4,500		156,420
SGS SA		135		302,512
				2,251,220
Road & Rail - 0.4%
Asciano Ltd.		22,875		109,613
Aurizon Holdings Ltd.		41,996		171,597
Central Japan Railway Co.		3,538		389,526
ComfortDelGro Corp., Ltd.		46,000		69,142
CSX Corp.		33,300		839,493
DSV A/S		4,672		112,145
East Japan Railway Co.		8,400		622,025
Hankyu Hanshin Holdings, Inc.		28,000		148,746
Kansas City Southern		3,600		398,520
Keikyu Corp.		11,000		93,959
Keio Corp.		14,000		93,299
Keisei Electric Railway Co., Ltd.		7,000		59,354
Kintetsu Corp. (b)		39,000		161,386
MTR Corp., Ltd.		35,000		138,066
Nippon Express Co., Ltd.		20,000		89,568
Norfolk Southern Corp.		10,300		788,877
Odakyu Electric Railway Co., Ltd.		15,000		145,839
Ryder System, Inc.		1,700		107,168
Tobu Railway Co., Ltd.		25,000		129,545
Tokyu Corp.		28,000		174,301
Union Pacific Corp.		15,400		2,381,148
West Japan Railway Co.		4,171		173,470
				7,396,787

Company	Shares		U.S. $ Value
Trading Companies & Distributors - 0.3%
Brenntag AG		1,266		192,642
Bunzl PLC		8,145		158,528
Fastenal Co.		8,800		459,184
ITOCHU Corp.		37,000		458,526
Marubeni Corp.		40,000		276,191
Mitsubishi Corp.		34,500		596,239
Mitsui & Co., Ltd.		42,700		534,769
Noble Group Ltd.		95,000		77,603
Rexel SA (b)		2,644		59,800
Sojitz Corp.		30,700		52,912
Sumitomo Corp.		27,600		345,076
Toyota Tsusho Corp.		5,200		137,597
Wolseley PLC		6,712		341,281
WW Grainger, Inc.		2,000		514,880
				4,205,228
Transportation Infrastructure - 0.1%
Abertis Infraestructuras SA		9,015		161,539
Aeroports de Paris (b)		730		66,892
Atlantia SpA		8,137		138,564
Auckland International Airport Ltd.		20,500		48,906
Fraport AG Frankfurt Airport Services Worldwide (a)(b)		904		53,199
Groupe Eurotunnel SA		13,783		110,921
Hutchison Port Holdings Trust		122,000		95,995
Kamigumi Co., Ltd.		6,000		45,411
Koninklijke Vopak NV		1,729		104,327
Mitsubishi Logistics Corp.		3,000		40,744
Sydney Airport		4,566		15,886
Transurban Group		32,272		212,872
				1,095,256
				85,934,559
Consumer Staples - 5.0%
Beverages - 1.1%
Anheuser-Busch InBev NV		19,746		1,818,316
Asahi Group Holdings Ltd.		9,500		227,783
Beam, Inc.		5,200		337,168
Brown-Forman Corp.-Class B		4,950		340,659
Carlsberg A/S		2,630		249,765
Coca-Cola Amatil Ltd.		14,040		172,578
Coca-Cola Co. (The)		125,200		5,006,748
Coca-Cola Enterprises, Inc.		8,500		315,860
Coca-Cola HBC AG (a)		4,957		139,185
Coca-Cola West Co., Ltd.		1,500		26,685
Constellation Brands, Inc.-Class A (a)		5,000		265,050
Diageo PLC		61,601		1,819,685
Dr Pepper Snapple Group, Inc.		6,600		303,468
Heineken Holding NV		2,479		146,282
Heineken NV		5,665		394,107
Kirin Holdings Co., Ltd.		21,000		342,071
Molson Coors Brewing Co.-Class B		5,100		251,991
Monster Beverage Corp. (a)		4,710		257,119
PepsiCo, Inc.		50,400		4,070,808
Pernod-Ricard SA		5,207		625,376

Company	Shares		U.S. $ Value
Remy Cointreau SA		549		63,635
SABMiller PLC		23,494		1,181,964
Treasury Wine Estates Ltd.		15,880		91,841
				18,448,144
Food & Staples Retailing - 1.0%
Aeon Co., Ltd.		14,700		171,572
Carrefour SA		14,791		433,043
Casino Guichard Perrachon SA		1,416		148,121
Colruyt SA		1,865		95,207
Costco Wholesale Corp.		14,200		1,557,314
CVS Caremark Corp.		40,200		2,314,716
Delhaize Group SA (b)		2,505		159,738
Distribuidora Internacional de Alimentacion SA		15,033		117,819
FamilyMart Co., Ltd.		1,500		60,805
J Sainsbury PLC		30,110		170,824
Jeronimo Martins SGPS SA		5,416		115,552
Kesko Oyj		1,563		47,357
Koninklijke Ahold NV		24,730		400,971
Kroger Co. (The)		16,900		569,023
Lawson, Inc.		1,500		109,119
Metcash Ltd.		21,249		78,278
Metro AG		3,188		108,088
Olam International Ltd.		38,000		52,483
Safeway, Inc.		7,800		179,478
Seven & I Holdings Co., Ltd.		18,500		628,390
Sysco Corp.		19,100		645,580
Tesco PLC		196,723		1,089,331
Wal-Mart Stores, Inc.		54,700		4,093,748
Walgreen Co.		28,100		1,342,056
Wesfarmers Ltd.		24,748		924,660
Whole Foods Market, Inc.		11,200		580,832
WM Morrison Supermarkets PLC		56,330		233,991
Woolworths Ltd.		30,259		951,410
				17,379,506
Food Products - 1.2%
Ajinomoto Co., Inc.		16,000		220,284
Archer-Daniels-Midland Co.		21,500		692,945
Aryzta AG (a)		2,145		123,052
Associated British Foods PLC		8,760		240,052
Barry Callebaut AG (a)		49		45,595
Calbee, Inc.		401		38,692
Campbell Soup Co.		5,800		248,298
ConAgra Foods, Inc.		13,500		454,815
Danone SA		14,233		1,050,898
DE Master Blenders 1753 NV (a)		14,546		228,859
General Mills, Inc.		21,100		993,388
Golden Agri-Resources Ltd.		173,000		78,548
Hershey Co. (The)		4,900		436,639
HJ Heinz Co.		10,500		759,780
Hormel Foods Corp.		4,400		175,208
JM Smucker Co. (The)		3,500		353,360
Kellogg Co.		8,200		508,810
Kerry Group PLC		3,671		208,509
Kikkoman Corp. (b)		4,000		65,231
Kraft Foods Group, Inc.		19,300		1,064,009
Lindt & Spruengli AG		22		81,336

Company	Shares		U.S. $ Value
Lindt & Spruengli AG (REG)		3		127,741
McCormick & Co., Inc./MD		4,300		297,044
Mead Johnson Nutrition Co.-Class A		6,600		535,062
MEIJI Holdings Co., Ltd.		1,500		65,833
Mondelez International, Inc.		58,100		1,711,626
Nestle SA		79,122		5,241,404
Nippon Meat Packers, Inc.		4,000		56,215
Nisshin Seifun Group, Inc.		4,500		50,534
Nissin Foods Holdings Co., Ltd.		1,500		57,770
Orkla ASA		18,975		159,763
Suedzucker AG		2,002		67,738
Tate & Lyle PLC		11,456		141,619
Toyo Suisan Kaisha Ltd.		3,000		96,582
Tyson Foods, Inc.-Class A		9,200		230,000
Unilever NV		40,054		1,636,359
Unilever PLC		31,558		1,325,603
Wilmar International Ltd.		47,000		120,553
Yakult Honsha Co., Ltd. (b)		2,400		102,310
Yamazaki Baking Co., Ltd. (a)		3,000		34,700
				20,126,764
Household Products - 0.7%
Clorox Co. (The)		4,300		357,244
Colgate-Palmolive Co.		28,800		1,665,792
Henkel AG & Co. KGaA		3,194		259,795
Henkel AG & Co. KGaA (Preference Shares)		4,381		421,594
Kimberly-Clark Corp.		12,700		1,229,741
Procter & Gamble Co. (The)		89,300		6,854,668
Reckitt Benckiser Group PLC		15,998		1,143,992
Svenska Cellulosa AB-Class B		14,235		353,734
Unicharm Corp.		2,800		156,581
				12,443,141
Personal Products - 0.2%
Avon Products, Inc.		14,100		332,337
Beiersdorf AG		2,478		223,483
Estee Lauder Cos., Inc. (The)-Class A		7,800		528,684
Kao Corp.		12,900		404,255
L’Oreal SA		5,930		999,627
Shiseido Co., Ltd.		8,800		125,048
				2,613,434
Tobacco - 0.8%
Altria Group, Inc.		65,600		2,368,160
British American Tobacco PLC		47,682		2,620,063
Imperial Tobacco Group PLC		24,332		873,147
Japan Tobacco, Inc.		27,082		921,682
Lorillard, Inc.		12,400		526,256
Philip Morris International, Inc.		53,900		4,900,049
Reynolds American, Inc.		10,500		505,155
Swedish Match AB		5,065		175,490
				12,890,002
				83,900,991
Energy - 4.3%
Energy Equipment & Services - 0.7%
Aker Solutions ASA		4,042		59,562

Company	Shares		U.S. $ Value
AMEC PLC		7,625		117,842
Baker Hughes, Inc.		14,400		654,912
Cameron International Corp. (a)		8,100		493,047
Cie Generale de Geophysique-Veritas (a)		3,901		95,943
Diamond Offshore Drilling, Inc.		2,300		158,263
Ensco PLC		7,600		457,292
FMC Technologies, Inc. (a)		7,700		428,582
Fugro NV		1,701		101,121
Halliburton Co.		30,400		1,272,240
Helmerich & Payne, Inc.		3,500		216,090
Nabors Industries Ltd.		9,500		152,095
National Oilwell Varco, Inc.		13,900		977,170
Noble Corp.		8,200		317,750
Petrofac Ltd.		6,378		129,639
Rowan Cos., PLC (a)		4,000		132,960
Saipem SpA		6,510		173,599
Schlumberger Ltd.		43,400		3,169,502
Seadrill Ltd.		8,653		349,968
Subsea 7 SA (b)		6,920		152,423
Technip SA		2,500		277,909
Tenaris SA		11,611		244,005
Transocean Ltd.		8,818		442,821
WorleyParsons Ltd.		5,061		98,983
				10,673,718
Oil, Gas & Consumable Fuels - 3.6%
Anadarko Petroleum Corp.		16,400		1,434,508
Apache Corp.		12,800		1,051,264
BG Group PLC		83,522		1,524,277
BP PLC		467,107		3,338,508
Cabot Oil & Gas Corp.		6,900		485,484
Caltex Australia Ltd.		3,319		70,791
Chesapeake Energy Corp.		17,000		371,280
Chevron Corp.		63,500		7,794,625
ConocoPhillips		39,900		2,447,466
Consol Energy, Inc.		7,400		256,632
Cosmo Oil Co., Ltd. (a)(b)		13,000		23,361
Delek Group Ltd.		112		28,925
Denbury Resources, Inc. (a)		12,200		223,870
Devon Energy Corp.		12,300		699,255
ENI SpA		62,550		1,422,481
EOG Resources, Inc.		8,900		1,148,990
EQT Corp.		4,900		391,412
Exxon Mobil Corp.		146,403		13,245,079
Galp Energia SGPS SA		6,623		108,394
Hess Corp.		9,700		653,877
Idemitsu Kosan Co., Ltd.		600		48,553
Inpex Corp.		54		229,878
Japan Petroleum Exploration Co.		700		29,364
JX Holdings, Inc.		55,000		267,204
Kinder Morgan, Inc./DE		20,635		783,717
Lundin Petroleum AB (a)		5,472		113,385
Marathon Oil Corp.		23,100		794,409
Marathon Petroleum Corp.		10,800		891,000
Murphy Oil Corp.		5,900		373,588
Neste Oil Oyj		3,152		45,680
Newfield Exploration Co. (a)		4,400		104,676
Noble Energy, Inc.		11,800		680,270

Company	Shares		U.S. $ Value
Occidental Petroleum Corp.		26,300		2,421,441
OMV AG		3,621		167,032
Origin Energy Ltd.		26,789		341,288
Peabody Energy Corp.		8,800		173,096
Phillips 66		20,300		1,351,371
Pioneer Natural Resources Co.		4,300		596,324
QEP Resources, Inc.		5,800		164,488
Range Resources Corp.		5,300		398,454
Repsol SA		20,077		456,833
Royal Dutch Shell PLC-Class A		91,169		3,034,183
Royal Dutch Shell PLC-Class B		64,545		2,225,053
Santos Ltd.		23,480		289,999
Showa Shell Sekiyu KK		4,600		36,344
Southwestern Energy Co. (a)		11,400		429,666
Spectra Energy Corp.		21,800		666,426
Statoil ASA		27,441		619,606
Tesoro Corp.		4,500		277,425
TonenGeneral Sekiyu KK		7,000		68,770
Total SA		52,308		2,614,528
Tullow Oil PLC		22,290		350,780
Valero Energy Corp.		18,000		731,340
Whitehaven Coal Ltd. (b)		9,628		20,577
Williams Cos., Inc. (The)		22,200		780,996
Woodside Petroleum Ltd.		16,207		552,397
WPX Energy, Inc. (a)		6,500		125,190
				59,975,810
				70,649,528
Materials - 2.4%
Chemicals - 1.3%
Air Liquide SA		7,679		987,465
Air Products & Chemicals, Inc.		6,800		641,988
Air Water, Inc.		4,000		55,878
Airgas, Inc.		2,200		226,358
Akzo Nobel NV		5,857		374,669
Arkema SA (b)		1,534		157,803
Asahi Kasei Corp.		31,000		208,489
BASF SE		22,584		2,188,735
CF Industries Holdings, Inc.		2,100		401,016
Croda International PLC		3,327		123,721
Daicel Corp.		7,000		55,906
Denki Kagaku Kogyo KK		11,000		36,500
Dow Chemical Co. (The)		39,300		1,354,278
Eastman Chemical Co.		5,000		358,600
Ecolab, Inc.		8,700		734,889
EI du Pont de Nemours & Co.		30,500		1,701,595
EMS-Chemie Holding AG		201		59,598
FMC Corp.		4,500		282,195
Givaudan SA (a)		204		262,805
Hitachi Chemical Co., Ltd.		2,600		40,566
Incitec Pivot Ltd.		38,543		106,361
International Flavors & Fragrances, Inc.		2,700		216,783
Israel Chemicals Ltd.		10,949		121,775
Israel Corp., Ltd. (The) (a)		57		35,146
Johnson Matthey PLC		5,039		194,371
JSR Corp.		4,400		85,208
K&S AG		4,236		178,483
Kaneka Corp.		6,000		36,228

Company	Shares		U.S. $ Value
Kansai Paint Co., Ltd. (b)		5,000		64,599
Koninklijke DSM NV		3,792		248,795
Kuraray Co., Ltd.		8,500		120,864
Lanxess AG (b)		2,046		151,793
Linde AG		4,549		871,332
LyondellBasell Industries NV		12,410		827,126
Mitsubishi Chemical Holdings Corp.		33,000		156,170
Mitsubishi Gas Chemical Co., Inc.		9,000		63,817
Mitsui Chemicals, Inc. (b)		21,000		46,896
Monsanto Co.		17,500		1,761,200
Mosaic Co. (The)		9,000		547,380
Nitto Denko Corp.		4,100		243,408
Novozymes A/S		6,003		207,899
Orica Ltd.		8,975		191,493
PPG Industries, Inc.		4,700		721,967
Praxair, Inc.		9,700		1,109,001
Sherwin-Williams Co. (The)		2,800		527,884
Shin-Etsu Chemical Co., Ltd.		10,100		632,777
Showa Denko KK		34,000		51,818
Sigma-Aldrich Corp.		3,900		326,274
Sika AG		53		130,406
Solvay SA		1,458		210,449
Sumitomo Chemical Co., Ltd.		36,000		113,036
Syngenta AG		2,285		891,372
Taiyo Nippon Sanso Corp.		6,000		41,602
Teijin Ltd.		22,000		49,758
Toray Industries, Inc.		36,000		246,261
Ube Industries Ltd./Japan		24,000		46,378
Umicore SA		2,803		133,928
Yara International ASA		4,597		205,275
				22,168,367
Construction Materials - 0.1%
Boral Ltd.		17,467		75,459
CRH PLC		17,756		374,960
Fletcher Building Ltd.		16,790		111,088
HeidelbergCement AG		3,458		260,630
Holcim Ltd. (a)		5,630		436,663
Imerys SA		829		51,826
James Hardie Industries PLC		10,751		101,398
Lafarge SA		4,591		327,387
Taiheiyo Cement Corp.		27,000		77,795
Vulcan Materials Co.		4,200		225,036
				2,042,242
Containers & Packaging - 0.1%
Amcor Ltd./Australia		29,670		279,923
Ball Corp.		4,800		207,168
Bemis Co., Inc.		3,300		129,195
MeadWestvaco Corp.		5,700		199,500
Owens-Illinois, Inc. (a)		5,300		145,485
Rexam PLC		19,413		155,387
Sealed Air Corp.		6,300		151,326
Toyo Seikan Group Holdings Ltd.		3,700		51,718
				1,319,702
Metals & Mining - 0.8%
Alcoa, Inc.		34,900		296,650

Company	Shares		U.S. $ Value
Allegheny Technologies, Inc.		3,500		96,495
Alumina Ltd. (a)		54,842		53,087
Anglo American PLC		34,179		783,119
Antofagasta PLC		9,696		137,602
ArcelorMittal (Euronext Amsterdam)		23,028		291,010
BHP Billiton Ltd.		79,114		2,582,807
BHP Billiton PLC		51,932		1,493,311
Boliden AB		6,725		95,834
Cliffs Natural Resources, Inc. (b)		4,900		88,396
Daido Steel Co., Ltd.		6,000		32,066
Eurasian Natural Resources Corp. PLC		5,173		18,720
Evraz PLC		6,891		13,919
Fortescue Metals Group Ltd.		33,177		103,525
Freeport-McMoRan Copper & Gold, Inc.		31,000		962,550
Fresnillo PLC		4,409		77,252
Glencore Xstrata PLC		250,341		1,217,489
Hitachi Metals Ltd.		4,000		41,182
Iluka Resources Ltd. (b)		10,295		108,416
JFE Holdings, Inc.		12,100		248,667
Kazakhmys PLC		5,151		25,394
Kobe Steel Ltd. (a)		61,000		80,479
Maruichi Steel Tube Ltd.		1,200		29,593
Mitsubishi Materials Corp.		27,000		85,567
Newcrest Mining Ltd.		18,810		256,981
Newmont Mining Corp.		16,200		555,336
Nippon Steel & Sumitomo Metal Corp.		186,000		466,287
Norsk Hydro ASA		21,853		99,056
Nucor Corp.		10,300		458,453
OZ Minerals Ltd.		7,581		28,808
Randgold Resources Ltd.		2,144		168,685
Rio Tinto Ltd.		10,714		555,024
Rio Tinto PLC		32,958		1,407,660
Salzgitter AG		960		36,288
Sims Metal Management Ltd.		4,035		37,097
Sumitomo Metal Mining Co., Ltd.		13,000		163,358
ThyssenKrupp AG (a)		9,488		188,160
United States Steel Corp. (b)		4,700		83,143
Vedanta Resources PLC		2,614		49,496
Voestalpine AG		2,702		89,545
Yamato Kogyo Co., Ltd.		1,100		33,555
				13,640,062
Paper & Forest Products - 0.1%
International Paper Co.		14,400		664,560
Nippon Paper Industries Co., Ltd. (b)		2,400		29,345
OJI Holdings Corp.		19,000		66,135
Stora Enso Oyj		13,552		98,060
UPM-Kymmene Oyj		12,928		137,639
				995,739
				40,166,112
Telecommunication Services - 1.6%
Diversified Telecommunication Services - 1.2%
AT&T, Inc.		179,434		6,278,396
Belgacom SA		3,740		83,798
Bezeq The Israeli Telecommunication Corp., Ltd.		42,709		55,249
BT Group PLC		191,929		873,383

Company	Shares		U.S. $ Value
CenturyLink, Inc.		20,400		696,660
Deutsche Telekom AG		69,064		786,527
Elisa Oyj		3,485		66,024
France Telecom SA		45,592		462,376
Frontier Communications Corp. (b)		32,600		134,964
HKT Trust/HKT Ltd.		55,100		65,226
Iliad SA		561		117,686
Inmarsat PLC		11,021		102,012
Koninklijke KPN NV		24,639		47,368
Nippon Telegraph & Telephone Corp.		10,800		532,656
PCCW Ltd.		98,000		46,491
Portugal Telecom SGPS SA		14,326		60,782
Singapore Telecommunications Ltd.		195,000		575,779
Swisscom AG		573		244,618
TDC A/S		12,171		95,165
Telecom Corp. of New Zealand Ltd.		43,956		80,430
Telecom Italia SpA (ordinary shares)		225,457		174,526
Telecom Italia SpA (savings shares)		141,900		87,730
Telefonica SA (a)		100,495		1,382,706
Telekom Austria AG (b)		5,446		37,216
Telenor ASA		17,224		362,304
TeliaSonera AB		53,234		355,760
Telstra Corp., Ltd.		105,980		479,201
Verizon Communications, Inc.		93,400		4,528,032
Vivendi SA		31,924		624,828
Windstream Corp. (b)		19,200		154,176
Ziggo NV		2,945		107,170
				19,699,239
Wireless Telecommunication Services - 0.4%
KDDI Corp.		13,206		595,775
Millicom International Cellular SA (b)		1,556		124,040
NTT DoCoMo, Inc.		375		547,881
Softbank Corp.		21,800		1,089,676
Sprint Nextel Corp. (a)		98,300		717,590
StarHub Ltd.		14,000		44,370
Tele2 AB		7,814		97,356
Vodafone Group PLC		1,206,497		3,496,560
				6,713,248
				26,412,487
Utilities - 1.6%
Electric Utilities - 0.8%
Acciona SA		633		39,371
American Electric Power Co., Inc.		15,800		723,956
Cheung Kong Infrastructure Holdings Ltd.		12,000		83,183
Chubu Electric Power Co., Inc.		15,800		204,161
Chugoku Electric Power Co., Inc. (The)		7,300		99,313
CLP Holdings Ltd.		44,500		374,419
Contact Energy Ltd.		7,917		32,382
Duke Energy Corp.		23,058		1,543,272
Edison International		10,600		486,964
EDP - Energias de Portugal SA		44,990		145,087
Electricite de France SA (b)		5,910		134,110
Enel SpA		160,544		604,273
Entergy Corp.		5,800		399,504
Exelon Corp.		27,882		873,822

Company	Shares		U.S. $ Value
FirstEnergy Corp.		13,600		530,536
Fortum Oyj		10,922		204,868
Hokkaido Electric Power Co., Inc. (a)		4,500		58,921
Hokuriku Electric Power Co.		4,100		55,648
Iberdrola SA		97,903		529,565
Kansai Electric Power Co., Inc. (The) (a)		18,400		216,610
Kyushu Electric Power Co., Inc. (a)		10,500		143,536
NextEra Energy, Inc.		13,900		1,051,118
Northeast Utilities		10,200		425,034
Pepco Holdings, Inc.		8,100		168,237
Pinnacle West Capital Corp.		3,600		203,328
Power Assets Holdings Ltd.		34,000		297,590
PPL Corp.		19,000		564,300
Red Electrica Corp. SA		2,661		141,485
Shikoku Electric Power Co., Inc. (a)		4,100		66,650
Southern Co. (The)		28,400		1,246,760
SP AusNet		40,947		47,222
SSE PLC		23,229		545,248
Terna Rete Elettrica Nazionale SpA		30,818		136,633
Tohoku Electric Power Co., Inc. (a)		11,100		129,745
Tokyo Electric Power Co., Inc. (a)		35,400		212,015
Verbund AG		1,674		34,884
Xcel Energy, Inc.		15,900		456,648
				13,210,398
Gas Utilities - 0.1%
AGL Resources, Inc.		3,800		160,854
APA Group		20,299		124,844
Enagas SA		4,686		117,142
Gas Natural SDG SA		8,534		176,306
Hong Kong & China Gas Co., Ltd.		127,000		358,859
ONEOK, Inc.		6,700		302,438
Osaka Gas Co., Ltd.		46,000		185,747
Snam SpA		40,445		191,806
Toho Gas Co., Ltd.		10,000		52,328
Tokyo Gas Co., Ltd.		60,000		322,614
				1,992,938
Independent Power Producers & Energy Traders - 0.1%
AES Corp./VA		20,200		246,440
Electric Power Development Co., Ltd.		2,900		91,221
Enel Green Power SpA		40,111		85,996
NRG Energy, Inc.		10,500		267,960
				691,617
Multi-Utilities - 0.6%
AGL Energy Ltd.		13,328		182,547
Ameren Corp.		7,900		268,916
CenterPoint Energy, Inc.		13,900		322,202
Centrica PLC		127,468		733,030
CMS Energy Corp.		8,600		231,770
Consolidated Edison, Inc.		9,600		547,872
Dominion Resources, Inc./VA		18,800		1,063,140
DTE Energy Co.		5,600		373,016
E.ON SE		44,281		746,184
GDF Suez		31,397		640,316
Integrys Energy Group, Inc.		2,500		143,825
National Grid PLC		89,259		1,061,326

Company	Shares		U.S. $ Value
NiSource, Inc.		10,100		290,173
PG&E Corp.		14,300		642,213
Public Service Enterprise Group, Inc.		16,500		545,160
RWE AG		12,033		410,572
RWE AG (Preference Shares)		959		31,467
SCANA Corp.		4,500		226,980
Sempra Energy		7,400		601,620
Suez Environnement Co. (b)		6,900		88,849
TECO Energy, Inc.		6,600		116,226
United Utilities Group PLC		16,764		191,533
Veolia Environnement SA		8,305		103,724
Wisconsin Energy Corp.		7,400		301,994
				9,864,655
Water Utilities - 0.0%
Severn Trent PLC		5,857		182,610
				25,942,218
Equity: Other - 0.9%
Diversified/Specialty - 0.6%
Activia Properties, Inc.		6		45,387
Aedifica		250		16,819
Affine SA		150		2,618
Alexandria Real Estate Equities, Inc.		2,010		137,685
American Assets Trust, Inc.		1,000		32,200
ANF Immobilier		200		5,927
Artis Real Estate Investment Trust		3,550		55,814
Azrieli Group		1,100		31,610
Beni Stabili SpA		26,600		18,506
BioMed Realty Trust, Inc.		5,250		109,882
CA Immobilien Anlagen AG (a)		2,269		30,636
Campus Crest Communities, Inc.		2,000		25,300
Canadian Real Estate Investment Trust		2,200		92,859
CapLease, Inc.		2,650		22,843
Cheung Kong Holdings Ltd.		34,000		478,827
Cofinimmo		520		59,801
Conwert Immobilien Invest SE		1,994		23,262
Country Garden Holdings Co., Ltd.		115,799		66,041
Crown Castle International Corp. (a)		9,590		683,287
Daejan Holdings PLC		155		9,350
Dexus Property Group		250,460		262,402
DIC Asset AG		600		6,524
Digital Realty Trust, Inc. (b)		3,910		238,158
Duke Realty Corp.		10,060		166,694
Dundee Real Estate Investment Trust		3,100		101,933
DuPont Fabros Technology, Inc.		1,990		48,218
Eurobank Properties Real Estate Investment Co. (a)		450		4,065
F&C Commercial Property Trust Ltd.		14,933		24,686
Fastighets AB Balder (a)		2,750		21,788
Fonciere Des Regions		1,661		140,478
Forest City Enterprises, Inc. (a)		4,310		80,856
Granite Real Estate Investment Trust		1,450		53,524
H&R Real Estate Investment Trust		9,706		216,355
Hamborner REIT AG		1,400		13,229
Hang Lung Properties Ltd.		124,150		433,971
Helical Bar PLC		2,700		10,838
Hysan Development Co., Ltd.		34,800		154,711
Investors Real Estate Trust		3,010		27,090

Company	Shares		U.S. $ Value
Iron Mountain, Inc.		5,464		195,830
Kiwi Income Property Trust		31,200		29,747
Klovern AB		2,890		12,577
Kungsleden AB		4,450		28,683
Lend Lease Group		13,380		127,330
Lexington Realty Trust		6,080		76,547
Londonmetric Property PLC		18,527		32,260
Mapletree Commercial Trust		40,200		42,380
Mitsubishi Estate Co., Ltd.		70,240		1,730,501
Mobimo Holding AG (a)		200		42,939
Morguard Real Estate Investment Trust		1,150		20,732
Mucklow A & J Group PLC		1,250		7,507
New World China Land Ltd.		83,900		34,223
New World Development Co., Ltd.		209,550		332,122
Nieuwe Steen Investments NV		1,874		13,153
Premier Investment Corp. (b)		6		23,329
Quintain Estates & Development PLC (a)		13,312		15,170
Schroder Real Estate Investment Trust Ltd.		10,963		7,109
Shui On Land Ltd.		75,550		26,933
Soho China Ltd. (b)		50,150		42,503
Spirit Realty Capital, Inc.		950		19,066
Sponda Oyj		7,860		40,679
ST Modwen Properties PLC		5,223		22,539
Suntec Real Estate Investment Trust		64,050		87,296
Swire Pacific Ltd.		16,500		208,917
Swire Properties Ltd.		65,800		204,535
TAG Immobilien AG		3,820		43,888
Tokyu Land Corp.		23,820		215,266
Tokyu REIT, Inc. (b)		4		23,251
Top REIT, Inc.		5		22,353
Unite Group PLC		4,873		26,668
United Urban Investment Corp. (b)		65		83,374
UOL Group Ltd.		27,700		146,050
Vornado Realty Trust		10,820		865,059
Wallenstam AB		3,250		44,104
Washington Real Estate Investment Trust		2,140		59,535
Wereldhave Belgium NV		50		5,581
Wereldhave NV		720		51,140
Weyerhaeuser Co.		17,800		530,796
Wheelock & Co., Ltd.		22,000		123,565
Wihlborgs Fastigheter AB		2,170		35,171
Winthrop Realty Trust		1,000		12,410
WP Carey, Inc.		1,850		125,319
				9,792,311
Health Care - 0.3%
Chartwell Retirement Residences		5,450		57,142
Extendicare, Inc./US (b)		2,450		16,849
HCP, Inc.		29,160		1,381,601
Health Care REIT, Inc.		16,720		1,137,462
Healthcare Realty Trust, Inc.		2,750		73,177
LTC Properties, Inc.		1,000		41,610
Medical Properties Trust, Inc.		4,630		68,709
National Health Investors, Inc.		800		49,816
Omega Healthcare Investors, Inc. (b)		3,540		114,731
Primary Health Properties PLC		1,950		9,540
Primary Health Properties PLC		195		21
Sabra Health Care REIT, Inc.		1,150		31,108

Company	Shares		U.S. $ Value
Senior Housing Properties Trust		5,980		154,583
Universal Health Realty Income Trust		410		18,520
Ventas, Inc.		18,840		1,344,611
				4,499,480
Triple Net - 0.0%
Agree Realty Corp.		450		14,999
Getty Realty Corp.		750		15,720
National Retail Properties, Inc.		3,450		123,751
Realty Income Corp. (b)		5,667		257,565
				412,035
				14,703,826
Retail - 0.5%
Regional Mall - 0.2%
Alexander’s, Inc.		90		27,395
CBL & Associates Properties, Inc.		5,040		115,870
General Growth Properties, Inc.		16,900		346,957
Glimcher Realty Trust		4,580		53,494
Pennsylvania Real Estate Investment Trust		1,510		30,034
Rouse Properties, Inc. (b)		750		15,082
Simon Property Group, Inc.		20,070		3,340,451
Taubman Centers, Inc.		1,950		157,131
				4,086,414
Shopping Center/Other Retail - 0.3%
Acadia Realty Trust		1,660		43,027
BWP Trust		17,260		41,296
Calloway Real Estate Investment Trust		3,200		86,763
Capital & Counties Properties PLC		21,065		104,383
Cedar Realty Trust, Inc.		2,300		13,225
Charter Hall Retail REIT		10,526		41,261
Citycon Oyj		7,080		22,438
Crombie Real Estate Investment Trust		1,600		23,828
DDR Corp.		7,720		134,791
Deutsche Euroshop AG		1,465		63,263
Development Securities PLC		4,313		13,303
Equity One, Inc.		1,930		45,027
Eurocommercial Properties NV		1,140		45,296
Excel Trust, Inc.		1,450		19,372
Federal Realty Investment Trust		2,030		218,733
Federation Centres Ltd.		71,668		169,877
First Capital Realty, Inc.		2,630		49,061
Frontier Real Estate Investment Corp.		7		64,409
Immobiliare Grande Distribuzione		3,274		3,404
Inland Real Estate Corp.		2,300		23,621
Intu Properties PLC		31,701		162,522
Japan Retail Fund Investment Corp.		116		220,220
Kimco Realty Corp.		26,180		579,887
Kite Realty Group Trust		1,950		11,837
Mercialys SA		1,240		28,038
Ramco-Gershenson Properties Trust		1,430		22,322
Regency Centers Corp.		2,870		148,092
Retail Opportunity Investments Corp.		1,750		24,570
RioCan Real Estate Investment Trust (Toronto)		9,350		248,011
Saul Centers, Inc. (b)		390		17,468
Shaftesbury PLC		7,833		73,001
Tanger Factory Outlet Centers		2,990		103,095

Company	Shares		U.S. $ Value
Unibail-Rodamco SE		5,267		1,294,003
Urstadt Biddle Properties, Inc.		750		15,795
Vastned Retail NV		610		26,973
Weingarten Realty Investors		3,420		109,030
				4,311,242
				8,397,656
Residential - 0.4%
Multi-Family - 0.3%
Advance Residence Investment Corp.		36		74,471
Agile Property Holdings Ltd.		38,450		46,489
Apartment Investment & Management Co. - Class A		9,290		281,115
Associated Estates Realty Corp.		1,450		23,824
AvalonBay Communities, Inc.		7,350		975,051
Boardwalk Real Estate Investment Trust		1,250		73,547
BRE Properties, Inc.		2,420		120,976
Camden Property Trust		2,700		186,975
Canadian Apartment Properties REIT		3,200		76,022
Colonial Properties Trust		2,450		54,170
Daiwahouse Residential Investment Corp.		10		38,383
Deutsche Wohnen AG		5,000		93,085
Equity Lifestyle Properties, Inc.		1,190		91,832
Equity Residential		20,800		1,176,240
Essex Property Trust, Inc.		1,180		185,425
GAGFAH SA (a)		2,350		29,105
Grainger PLC		13,315		31,089
GSW Immobilien AG		1,600		62,412
Home Properties, Inc.		1,600		97,232
Killam Properties, Inc. (b)		1,650		19,289
LEG Immobilien AG (a)		850		48,500
Mid-America Apartment Communities, Inc.		1,380		93,799
Nippon Accommodations Fund, Inc.		5		31,180
Northern Property Real Estate Investment Trust		950		28,131
Patrizia Immobilien AG (a)		1,010		11,928
Post Properties, Inc.		1,700		81,260
Shimao Property Holdings Ltd.		43,000		92,404
Stockland		123,817		429,392
Sun Communities, Inc.		940		46,972
UDR, Inc.		7,980		194,473
Wing Tai Holdings Ltd.		13,075		21,811
Yanlord Land Group Ltd.		19,688		22,122
				4,838,704
Self Storage - 0.1%
Big Yellow Group PLC		4,054		25,558
CubeSmart		4,030		63,070
Extra Space Storage, Inc.		3,250		136,142
Public Storage		9,220		1,399,596
Safestore Holdings PLC		5,500		11,365
Sovran Self Storage, Inc.		980		63,573
				1,699,304
Student Housing - 0.0%
American Campus Communities, Inc.		3,320		135,555

Company	Shares		U.S. $ Value
Education Realty Trust, Inc.		3,630		37,970
				173,525
				6,711,533
Office - 0.3%
Office - 0.3%
Allied Properties Real Estate Investment Trust		2,050		66,320
Allreal Holding AG (a)		280		39,793
Alstria Office REIT-AG (a)		2,220		26,843
Befimmo SCA Sicafi		470		31,214
Boston Properties, Inc.		9,750		1,039,155
Brandywine Realty Trust		4,600		65,136
Brookfield Office Properties, Inc. (b)		8,000		137,507
CapitaCommercial Trust		108,350		129,600
Castellum AB		5,260		78,942
Champion REIT		83,400		39,623
Cominar Real Estate Investment Trust		3,955		85,948
Commonwealth Property Office Fund		74,690		78,430
CommonWealth REIT		3,730		76,241
Corporate Office Properties Trust		2,400		63,912
Cousins Properties, Inc.		2,914		30,072
Derwent London PLC		2,920		105,530
Douglas Emmett, Inc.		4,140		105,529
Dundee International Real Estate Investment Trust		2,500		24,717
Fabege AB		4,240		47,001
First Potomac Realty Trust		1,600		21,888
Franklin Street Properties Corp.		2,320		31,598
Government Properties Income Trust		1,670		40,598
Great Portland Estates PLC		10,981		91,936
Highwoods Properties, Inc.		2,530		92,143
Hongkong Land Holdings Ltd.		37,200		257,180
Hudson Pacific Properties, Inc.		1,300		28,067
Hufvudstaden AB - Class A		3,630		47,692
Intervest Offices & Warehouses		250		6,499
Investa Office Fund		17,833		54,289
IVG Immobilien AG (a)(b)		4,700		2,343
Japan Excellent, Inc.		6		34,516
Japan Prime Realty Investment Corp.		45		139,799
Kenedix Realty Investment Corp. - Class A		9		34,588
Kilroy Realty Corp.		2,370		125,397
Liberty Property Trust		3,680		149,334
Mack-Cali Realty Corp.		2,720		72,080
Mori Hills REIT Investment Corp. (b)		7		41,214
Mori Trust Sogo Reit, Inc.		6		47,498
Nomura Real Estate Office Fund, Inc.		16		90,800
NorthWest Healthcare Properties Real Estate Investment Trust		1,050		12,609
Norwegian Property ASA		16,450		23,676
Orix JREIT, Inc.		45		48,442
Parkway Properties, Inc./MD		900		15,462
Piedmont Office Realty Trust, Inc. (b)		5,350		101,596
Prime Office REIT-AG		1,350		7,405
PS Business Parks, Inc.		590		45,023
PSP Swiss Property AG (a)		1,280		116,388
SL Green Realty Corp.		2,830		246,153
Societe de la Tour Eiffel		150		9,943
Societe Immobiliere de Location pour l’Industrie et le Commerce		240		28,323

Company	Shares		U.S. $ Value
Swiss Prime Site AG (a)		3,051		229,402
Technopolis Oyj		1,900		11,409
Tokyo Tatemono Co., Ltd.		13,460		100,824
Workspace Group PLC		3,147		19,164
				4,696,791
Lodging - 0.1%
Lodging - 0.1%
Ashford Hospitality Trust, Inc.		1,610		21,268
CDL Hospitality Trusts (b)		19,588		28,425
Chesapeake Lodging Trust		1,600		36,080
DiamondRock Hospitality Co.		6,070		57,726
FelCor Lodging Trust, Inc. (a)		3,640		22,422
Hersha Hospitality Trust		5,590		31,975
Hospitality Properties Trust		3,910		114,094
Host Hotels & Resorts, Inc.		46,410		825,634
InnVest Real Estate Investment Trust		2,300		10,538
InterContinental Hotels Group PLC		6,687		192,493
LaSalle Hotel Properties		3,000		79,200
Pebblebrook Hotel Trust		1,850		48,544
RLJ Lodging Trust		3,400		78,744
Strategic Hotels & Resorts, Inc. (a)		5,400		43,416
Sunstone Hotel Investors, Inc. (a)		4,980		60,059
Wyndham Worldwide Corp.		4,500		261,540
				1,912,158
Total Common Stocks (cost $682,575,537)				790,056,821
INVESTMENT COMPANIES - 7.2%
Funds and Investment Trusts - 7.2%
F&C UK Real Estate Investment Ltd.		3,460		3,864
iShares MSCI Emerging Markets Index Fund		2,913,580		120,068,632
Medicx Fund Ltd.		7,800		9,487
Picton Property Income Ltd.		11,134		7,867
Standard Life Investment Property Income Trust PLC		3,700		3,176
UK Commercial Property Trust Ltd./fund		12,649		14,030
Total Investment Companies (cost $123,272,912)				120,107,056
RIGHTS - 0.0%
Financials - 0.0%
Diversified Financial Services - 0.0%
Exor SpA (preferred), expiring 6/05/13 (a)		1,576		0
Exor SpA (savings), expiring 6/05/13 (a)		1,576		0
				0
Industrials - 0.0%
Industrial Warehouse Distribution - 0.0%
Hopewell HK Properties , expiring 6/10/13 (a)		540		0
Total Rights (cost $0)				0

Company	Shares		U.S. $ Value
SHORT-TERM INVESTMENTS - 41.6%
Investment Companies - 41.3%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (d) (cost $684,740,629)		684,740,629		684,740,629
	Principal Amount (000)
U.S. Treasury Bills - 0.3%
U.S. Treasury Bill Zero Coupon, 7/05/13-8/22/13 (c) (cost $5,499,583)	$	5,500		5,499,583
Total Short-Term Investments (cost $690,240,212)				690,240,212
Total Investments Before Security Lending Collateral for Securities Loaned - 96.5% (cost $1,496,088,661)				1,600,404,089
	Shares
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 0.7%
Investment Companies - 0.7%
AllianceBernstein Exchange Reserves - Class I, 0.07% (d) (cost $10,601,479)		10,601,479		10,601,479
Total Investments - 97.2% (cost $1,506,690,140) (e)				1,611,005,568
Other assets less liabilities - 2.8%				46,793,950
Net Assets - 100.0%			$	1,657,799,518

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month		Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
ASX SPI 200 Index Futures		250		June 2013	$	30,145,946	$	29,217,592	$	(928,354	)
Euro STOXX 50 Index Futures		2,476		June 2013		85,336,203		88,705,358		3,369,155
FTSE 100 Index Futures		439		June 2013		43,084,304		43,543,652		459,348
Hang Seng Index Futures		91		June 2013		13,096,134		12,932,204		(163,930	)
MSCI EAFE Mini Index Futures		52		June 2013		4,435,816		4,391,920		(43,896	)
S&P 500 E Mini Index Futures		1,519		June 2013		120,519,159		123,722,550		3,203,391
S&P Mid Cap 400 E Mini Index Futures		1,131		June 2013		125,136,478		133,842,540		8,706,062
S&P TSE 60 Index Futures		423		June 2013		59,329,463		59,193,480		(135,983	)

Type	Number of Contracts		Expiration Month		Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Topix Index Futures		510		June 2013	$	57,176,762	$	56,119,023	$	(1,057,739	)
									$	13,408,054

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA	USD	5,880	EUR	4,572		6/13/13	$	62,456
Bank of America, NA	USD	2,913	CAD	3,001		9/17/13		(25,328	)
Barclays Bank PLC Wholesale	USD	89,699	EUR	68,456		6/13/13		(719,254	)
Barclays Bank PLC Wholesale	USD	5,153	JPY	505,217		6/13/13		(123,494	)
Barclays Bank PLC Wholesale	USD	6,970	JPY	711,993		9/17/13		121,413
BNP Paribas SA	JPY	1,169,115	USD	12,257		6/13/13		618,786
Citibank, NA	USD	8,712	GBP	5,739		6/13/13		7,018
Credit Suisse International	CAD	7,262	USD	7,095		6/13/13		92,032
Credit Suisse International	GBP	21,219	USD	32,977		6/13/13		739,015
Credit Suisse International	USD	1,997	CHF	1,881		6/13/13		(30,150	)
Deutsche Bank AG London	EUR	1,419	USD	1,846		6/13/13		1,889
Deutsche Bank AG London	USD	16,800	AUD	16,460		6/13/13		(1,057,207	)
Deutsche Bank AG London	USD	24,875	CAD	25,544		6/13/13		(242,017	)
Deutsche Bank AG London	USD	29,408	CHF	27,799		6/13/13		(334,098	)
Deutsche Bank AG London	USD	2,202	GBP	1,478		6/13/13		43,635
Deutsche Bank AG London	EUR	1,272	USD	1,646		9/17/13		(7,880	)
Deutsche Bank AG London	USD	2,321	GBP	1,544		9/17/13		23,508
Goldman Sachs Capital Markets LP	EUR	2,874	USD	3,767		6/13/13		31,814
Goldman Sachs Capital Markets LP	GBP	29,218	USD	44,786		6/13/13		394,852
Goldman Sachs Capital Markets LP	USD	14,588	AUD	14,144		6/13/13		(1,060,119	)
HSBC BankUSA	USD	97,084	GBP	64,535		6/13/13		964,863
JPMorgan Chase Bank, NA	EUR	5,275	USD	6,886		9/17/13		24,914
Morgan Stanley & Co., Inc.	CHF	13,273	USD	14,280		6/13/13		398,963
Morgan Stanley & Co., Inc.	USD	2,742	CAD	2,816		6/13/13		(26,256	)
Royal Bank of Canada	CAD	2,769	USD	2,687		6/13/13		17,008
Royal Bank of Canada	USD	32,537	CAD	33,616		6/13/13		(120,528	)
Royal Bank of Scotland PLC	AUD	40,366	USD	41,712		6/13/13		3,104,825
Royal Bank of Scotland PLC	CHF	17,947	USD	19,014		6/13/13		244,457
Royal Bank of Scotland PLC	EUR	88,704	USD	115,763		6/13/13		465,081
Royal Bank of Scotland PLC	JPY	327,954	USD	3,343		6/13/13		78,496
Royal Bank of Scotland PLC	USD	50,698	JPY	4,811,076		6/13/13		(2,803,638	)
Royal Bank of Scotland PLC	EUR	4,339	USD	5,631		9/17/13		(12,609	)
Societe Generale	GBP	1,256	USD	1,896		6/13/13		(12,128	)
Standard Chartered Bank	JPY	3,849,598	USD	39,481		6/13/13		1,157,732
Standard Chartered Bank	USD	3,796	EUR	2,901		6/13/13		(25,092	)
State Street Bank & Trust Co.	USD	3,656	CAD	3,769		6/13/13		(21,944	)
State Street Bank & Trust Co.	USD	2,668	GBP	1,767		6/13/13		16,364
State Street Bank & Trust Co.	USD	2,478	JPY	231,259		6/13/13		(175,534	)
UBS AG	AUD	3,494	USD	3,649		6/13/13		307,573
UBS AG	USD	20,363	AUD	21,110		6/13/13		(172,444	)
UBS AG	USD	24,497	AUD	25,567		9/17/13		(206,966	)

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Westpac Banking Corp.		AUD	7,854		USD	8,111		6/13/13	$	599,432
Westpac Banking Corp.		USD	1,656		AUD	1,733		9/17/13		(9,424	)
									$	2,330,016

TOTAL RETURN SWAP CONTRACTS

Receive/Pay Total Return on Reference Index	Index	# of Shares or Units		Rate Paid/ by the  Fund			Notional Amount (000)		Maturity Date		Counterparty	Unrealized Appreciation/ (Depreciation)
Receive Total Return on Reference Index
Receive	Russell 2000 Total Return Index		5,111		0.20	%	$	23,317		10/15/13	Bank of America, NA	$	(86,561	)
Receive	Russell 2000 Total Return Index		10,376		0.20	%		47,338		12/16/13	Bank of America, NA		(179,412	)
Receive	Russell 2000 Total Return Index		3,558		0.20	%		16,232		3/17/14	JPMorgan Chase Bank, NA		(62,595	)
Receive	Russell 2000 Total Return Index		245		0.20	%		1,118		4/15/14	JPMorgan Chase Bank, NA		(4,310	)
Receive	MSCI Emerging Markets Index		162,739		0.65	%		68,567		12/23/13	UBS AG		(2,389,696	)
Receive	Russell 2000 Total Return Index		217		0.20	%		990		9/16/13	UBS AG		(3,704	)
Receive	Russell 2000 Total Return Index		728		0.20	%		3,321		9/16/13	UBS AG		(12,355	)
Receive	Russell 2000 Total Return Index		1,012		0.20	%		4,617		10/15/13	UBS AG		(17,211	)
Receive	Russell 2000 Total Return Index		883		0.20	%		4,028		10/15/13	UBS AG		(15,221	)
Receive	Russell 2000 Total Return Index		528		0.20	%		2,409		10/15/13	UBS AG		(9,177	)
Receive	Russell 2000 Total Return Index		5,123		0.20	%		23,372		2/18/14	UBS AG		(89,855	)
												$	(2,870,097	)

(a) Non-income producing security.

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

(c) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding. The aggregate market value of these securities amounted to $5,478,292.

(d) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(e) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $119,016,265 and gross unrealized depreciation of investments was $(14,700,837), resulting in net unrealized appreciation of $104,315,428.

Currency Abbreviations:

AUD - Australian Dollar

CAD	-	Canadian Dollar
CHF	-	Swiss Franc
EUR	-	Euro
GBP	-	Great British Pound
JPY	-	Japanese Yen
USD	-	United States Dollar

Glossary:

FTSE	-	Financial Times Stock Exchange
REG	-	Registered Shares
REIT	-	Real Estate Investment Trust
SCPA	-	Società Consortile per Azioni
TOPIX	-	Tokyo Price Index
TSE	-	Tokyo Stock Exchange

AllianceBernstein Pooling Portfolios

Volatility Management

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

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.

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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Financials	$	71,298,615		$	72,845,841		$	– 0	–	$	144,144,456
Information Technology		86,596,048			12,261,049			– 0	–		98,857,097
Health Care		60,243,665			29,250,571			– 0	–		89,494,236
Consumer Discretionary		56,276,822			31,856,351			– 0	–		88,133,173
Industrials		49,689,751			36,236,485			8,323			85,934,559
Consumer Staples		50,916,428			32,984,563			– 0	–		83,900,991
Energy		50,377,522			20,272,006			– 0	–		70,649,528
Materials		16,001,827			24,164,285			– 0	–		40,166,112
Telecommunication Services		12,627,504			13,784,983			– 0	–		26,412,487
Utilities		15,556,110			10,386,108			– 0	–		25,942,218
Equity: Other		9,095,283			5,608,522			21			14,703,826
Retail		6,085,972			2,311,684			– 0	–		8,397,656
Residential		5,702,104			1,009,429			– 0	–		6,711,533
Office		2,894,765			1,802,026			– 0	–		4,696,791
Lodging		1,691,240			220,918			– 0	–		1,912,158
Investment Companies		120,097,569			9,487			– 0	–		120,107,056
Rights		– 0	–		– 0	–		– 0	– ^		– 0	–
Short-Term Investments:
Investment Companies		684,740,629			– 0	–		– 0	–		684,740,629
U.S. Treasury Bills		– 0	–		5,499,583			– 0	–		5,499,583

Investments in Securities:	Level 1			Level 2			Level 3			Total
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		10,601,479			– 0	–		– 0	–		10,601,479
Total Investments in Securities		1,310,493,333			300,503,891	+		8,344			1,611,005,568
Other Financial Instruments* :
Assets:
Futures Contracts		11,909,453			3,828,503			– 0	–		15,737,956
Forward Currency Exchange Contracts		– 0	–		9,801,895			– 0	–		9,801,895
Liabilities:
Futures Contracts		(179,879	)		(2,150,023	)		– 0	–		(2,329,902	)
Forward Currency Exchange Contracts		– 0	–		(7,471,879	)		– 0	–		(7,471,879	)
Total Return Swap Contracts		– 0	–		(2,870,097	)		– 0	–		(2,870,097	)
Total ++	$	1,322,222,907		$	301,642,290		$	8,344		$	1,623,873,541

^ The Portfolio held securities with zero market value at period end.

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ A significant portion of the Portfolio’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

++ There were de minimis transfers under 1% of net assets between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

The following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

	Industrials			Equity: Other			Rights^
Balance as of 8/31/12	$	– 0	–	$	– 0	–	$	7.638
Accrued discounts/(premiums)		– 0	–		– 0	–		– 0	–
Realized gain (loss)		– 0	–		– 0	–		– 0	–
Change in unrealized appreciation/depreciation		(27	)		21			(7,638	)
Purchases		8,350			– 0	–		– 0	–
Sales		– 0	–		– 0	–		– 0	–
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–		– 0	–
Balance as of 5/31/13	$	8,323		$	21		$	– 0	–
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(27	)	$	21		$	– 0	–
	Warrants^^			Total
Balance as of 8/31/12	$	– 0	–	$	7,638
Accrued discounts/(premiums)		– 0	–		– 0	–
Realized gain (loss)		– 0	–		– 0	–
Change in unrealized appreciation/depreciation		– 0	–		(7,644	)
Purchases		– 0	–		8,350
Sales		– 0	–		– 0	–
Transfers in to Level 3		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–
Balance as of 5/31/13	$	– 0	–	$	8,344
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	– 0	–	$	(6	)

^ The Portfolio held securities with zero market value at period end.

^^ The Portfolio held securities with zero market value that were sold during the reporting period.

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

AllianceBernstein Pooling Portfolios

High-Yield Portfolio

Portfolio of Investments

May 31, 2013 (unaudited)

	Principal Amount (000)		U.S. $ Value
CORPORATES - NON-INVESTMENT GRADES - 70.6%
Industrial - 59.8%
Basic - 4.8%
AK Steel Corp.
8.75%, 12/01/18 (a)	U.S.$	355	$	389,613
Aleris International, Inc.
7.625%, 2/15/18		582		624,195
7.875%, 11/01/20		466		503,280
ArcelorMittal
6.125%, 6/01/18		1,330		1,409,800
6.75%, 2/25/22 (b)		865		925,550
7.50%, 10/15/39		338		339,690
Arch Coal, Inc.
7.25%, 6/15/21 (b)		594		525,690
Axiall Corp.
4.875%, 5/15/23 (a)		242		243,210
Calcipar SA
6.875%, 5/01/18 (a)		479		507,740
Celanese US Holdings LLC
4.625%, 11/15/22		492		505,530
Commercial Metals Co.
6.50%, 7/15/17		1,366		1,495,770
Eagle Spinco, Inc.
4.625%, 2/15/21 (a)		174		175,305
GrafTech International Ltd.
6.375%, 11/15/20 (a)		365		379,600
Huntsman International LLC
8.625%, 3/15/21		496		554,280
Ineos Finance PLC
7.50%, 5/01/20 (a)		376		412,660
8.375%, 2/15/19 (a)		425		473,875
JMC Steel Group, Inc.
8.25%, 3/15/18 (a)		736		745,200
Magnetation LLC/Mag Finance Corp.
11.00%, 5/15/18 (a)		897		923,910
Momentive Performance Materials, Inc.
8.875%, 10/15/20		310		334,025
NOVA Chemicals Corp.
8.625%, 11/01/19		501		559,867
Novelis, Inc./GA
8.75%, 12/15/20		656		733,080
Peabody Energy Corp.
6.00%, 11/15/18		275		294,250
6.25%, 11/15/21		659		688,655
PetroLogistics LP/PetroLogistics Finance Corp.
6.25%, 4/01/20 (a)		288		290,160
Rain CII Carbon LLC/CII Carbon Corp.
8.00%, 12/01/18 (a)		501		528,555
Ryerson, Inc./Joseph T Ryerson & Son, Inc.
9.00%, 10/15/17 (a)		400		432,000
Smurfit Kappa Acquisitions
7.75%, 11/15/19 (a)	EUR	250		355,819

	Principal Amount (000)		U.S. $ Value
Steel Dynamics, Inc.
5.25%, 4/15/23 (a)	U.S.$	307		319,280
6.125%, 8/15/19 (a)		515		560,062
6.375%, 8/15/22 (a)		487		530,830
TPC Group, Inc.
8.75%, 12/15/20 (a)		495		522,225
US Coatings Acquisition, Inc./Flash Dutch 2 BV
5.75%, 2/01/21 (a)	EUR	280		378,487
7.375%, 5/01/21 (a)(b)	U.S.$	535		564,425
Vedanta Resources PLC
6.00%, 1/31/19 (a)		400		398,493
				18,625,111
Capital Goods - 7.8%
American Builders & Contractors Supply Co., Inc.
5.625%, 4/15/21 (a)		297		300,713
Ardagh Packaging Finance PLC/Ardagh MP Holdings USA, Inc.
5.00%, 11/15/22 (a)	EUR	328		430,581
7.375%, 10/15/17 (a)		650		909,940
B/E Aerospace, Inc.
5.25%, 4/01/22	U.S.$	698		729,410
BC Mountain LLC/BC Mountain Finance, Inc.
7.00%, 2/01/21 (a)		403		427,180
Berry Plastics Corp.
9.75%, 1/15/21		1,205		1,391,775
Bombardier, Inc.
6.125%, 1/15/23 (a)		967		1,010,515
Cemex Espana Luxembourg
9.875%, 4/30/19 (a)(c)		335		375,200
Cemex Finance LLC
9.50%, 12/14/16 (a)		277		293,620
CNH Capital LLC
3.625%, 4/15/18 (a)		770		775,775
Franz Haniel & Cie GmbH
6.25%, 2/08/18	EUR	760		1,142,501
Graphic Packaging International, Inc.
7.875%, 10/01/18	U.S.$	500		548,750
HD Supply, Inc.
7.50%, 7/15/20 (a)(b)		400		424,000
8.125%, 4/15/19		300		333,000
10.50%, 1/15/21		935		970,062
HeidelbergCement Finance Luxembourg SA
7.50%, 4/03/20	EUR	765		1,226,082
Interline Brands, Inc.
10.00%, 11/15/18	U.S.$	590		653,425
KUKA AG
8.75%, 11/15/17 (a)	EUR	361		527,800
Lafarge SA
4.75%, 3/23/20		840		1,176,403
Manitowoc Co., Inc. (The)
8.50%, 11/01/20	U.S.$	572		650,650

	Principal Amount (000)		U.S. $ Value
Masco Corp.
7.125%, 3/15/20		650		760,662
Milacron LLC/Mcron Finance Corp.
7.75%, 2/15/21 (a)		308		323,400
Polymer Group, Inc.
7.75%, 2/01/19		1,300		1,400,750
Rexel SA
5.25%, 6/15/20 (a)		502		512,040
6.125%, 12/15/19 (a)		645		680,475
Reynolds Group Issuer, Inc./Reynolds Group Issuer LLC/Reynolds Group Issuer Lu
7.125%, 4/15/19		712		756,500
7.875%, 8/15/19		1,190		1,303,050
8.25%, 2/15/21 (d)		2,014		2,054,280
9.00%, 4/15/19		638		669,900
9.875%, 8/15/19		400		436,000
RSC Equipment Rental, Inc./RSC Holdings III LLC
8.25%, 2/01/21		750		830,625
RSI Home Products, Inc.
6.875%, 3/01/18 (a)		1,012		1,049,950
Sealed Air Corp.
6.875%, 7/15/33 (a)		681		694,620
8.125%, 9/15/19 (a)		551		624,008
8.375%, 9/15/21 (a)		241		278,355
Silver II Borrower/Silver II US Holdings LLC
7.75%, 12/15/20 (a)		908		942,050
TransDigm, Inc.
7.75%, 12/15/18		1,200		1,309,500
United Rentals North America, Inc.
8.375%, 9/15/20 (b)		267		291,030
9.25%, 12/15/19		650		732,062
				29,946,639
Communications - Media - 8.3%
Allbritton Communications Co.
8.00%, 5/15/18		510		550,800
Arqiva Broadcast Finance PLC
9.50%, 3/31/20 (a)	GBP	555		906,511
Cablevision Systems Corp.
8.00%, 4/15/20	U.S.$	785		889,012
CCO Holdings LLC/CCO Holdings Capital Corp.
5.75%, 1/15/24		565		570,650
6.625%, 1/31/22		580		623,500
7.00%, 1/15/19		2,250		2,404,687
7.375%, 6/01/20		750		837,187
8.125%, 4/30/20		219		244,733
Cequel Communications Holdings I LLC/Cequel Capital Corp.
5.125%, 12/15/21 (a)		644		631,925
6.375%, 9/15/20 (a)		490		512,050
8.625%, 11/15/17 (a)		259		276,353

	Principal Amount (000)		U.S. $ Value
Clear Channel Communications, Inc.
9.00%, 12/15/19 (a)(b)		910		914,550
10.75%, 8/01/16		534		500,625
Clear Channel Worldwide Holdings, Inc.
6.50%, 11/15/22 (a)		2,000		2,107,375
Series A
7.625%, 3/15/20		100		105,750
Crown Media Holdings, Inc.
10.50%, 7/15/19		470		535,800
DigitalGlobe, Inc.
5.25%, 2/01/21 (a)		232		233,740
DISH DBS Corp.
6.75%, 6/01/21		350		370,125
Griffey Intermediate, Inc./Griffey Finance Sub LLC
7.00%, 10/15/20 (a)		566		573,075
Hughes Satellite Systems Corp.
7.625%, 6/15/21		965		1,078,387
Intelsat Jackson Holdings SA
5.50%, 8/01/23 (a)		529		518,420
7.25%, 10/15/20		1,900		2,061,500
Intelsat Luxembourg SA
6.75%, 6/01/18 (a)		706		736,005
8.125%, 6/01/23 (a)		485		518,950
11.25%, 2/04/17		1,036		1,096,088
Kabel Deutschland Holding AG
6.50%, 7/31/17 (a)	EUR	640		894,228
Lamar Media Corp.
5.875%, 2/01/22	U.S.$	459		495,720
Lynx II Corp.
6.375%, 4/15/23 (a)		545		568,163
Quebecor Media, Inc.
7.75%, 3/15/16		1,178		1,198,615
RR Donnelley & Sons Co.
7.25%, 5/15/18		824		896,100
Sinclair Television Group, Inc.
6.125%, 10/01/22 (a)		576		600,480
Starz LLC/Starz Finance Corp.
5.00%, 9/15/19		425		431,375
Telenet Finance III Luxembourg SCA
6.625%, 2/15/21 (a)	EUR	420		581,378
Townsquare Radio LLC/Townsquare Radio, Inc.
9.00%, 4/01/19 (a)	U.S.$	332		362,710
Unitymedia Hessen GmbH & Co. KG/Unitymedia NRW GmbH
5.50%, 1/15/23 (a)		580		591,600
7.50%, 3/15/19 (a)		402		433,309
Univision Communications, Inc.
6.75%, 9/15/22 (a)		645		693,375
6.875%, 5/15/19 (a)		281		299,265
8.50%, 5/15/21 (a)		650		703,625
UPCB Finance III Ltd.
6.625%, 7/01/20 (a)		550		585,750

	Principal Amount (000)		U.S. $ Value
UPCB Finance V Ltd.
7.25%, 11/15/21 (a)		665		733,163
XM Satellite Radio, Inc.
7.625%, 11/01/18 (a)		975		1,074,937
Ziggo Bond Co. BV
8.00%, 5/15/18 (a)	EUR	745		1,049,410
				31,991,001
Communications - Telecommunications - 4.5%
CenturyLink, Inc.
Series T
5.80%, 3/15/22	U.S.$	565		577,712
Series U
7.65%, 3/15/42		680		676,600
Clearwire Communications LLC/Clearwire Finance, Inc.
12.00%, 12/01/15 (a)		550		587,840
Crown Castle International Corp.
7.125%, 11/01/19		1,000		1,085,000
Frontier Communications Corp.
7.625%, 4/15/24		386		404,335
9.00%, 8/15/31		545		564,075
Gnet Escrow Corp.
12.125%, 7/01/18 (a)		775		813,750
Level 3 Financing, Inc.
7.00%, 6/01/20		800		842,000
9.375%, 4/01/19		550		606,375
MetroPCS Wireless, Inc.
6.25%, 4/01/21 (a)		900		942,750
6.625%, 4/01/23 (a)		239		252,743
Portugal Telecom International Finance BV
5.625%, 2/08/16	EUR	725		1,007,810
Sprint Capital Corp.
6.875%, 11/15/28	U.S.$	540		540,000
8.75%, 3/15/32		300		349,500
Sprint Nextel Corp.
6.00%, 11/15/22		785		808,550
9.00%, 11/15/18 (a)		945		1,145,812
Sunrise Communications Holdings SA
8.50%, 12/31/18 (a)	EUR	350		489,031
tw telecom holdings, Inc.
8.00%, 3/01/18	U.S.$	1,039		1,116,925
Wind Acquisition Finance SA
7.25%, 2/15/18 (a)		880		917,400
11.75%, 7/15/17 (a)		985		1,036,712
Windstream Corp.
7.50%, 4/01/23		715		750,750
7.875%, 11/01/17		675		776,250
8.125%, 9/01/18		900		976,500
				17,268,420
Consumer Cyclical - Automotive - 1.9%
Affinia Group, Inc.
7.75%, 5/01/21 (a)		718		746,720

	Principal Amount (000)		U.S. $ Value
Allison Transmission, Inc.
7.125%, 5/15/19 (a)		975		1,048,125
Commercial Vehicle Group, Inc.
7.875%, 4/15/19		427		432,338
Continental Rubber of America Corp.
4.50%, 9/15/19 (a)		799		833,956
Delphi Corp.
5.00%, 2/15/23		1,015		1,077,169
General Motors Financial Co., Inc.
3.25%, 5/15/18 (a)		369		365,771
6.75%, 6/01/18		760		866,400
Goodyear Tire & Rubber Co. (The)
8.75%, 8/15/20		857		1,000,548
LKQ Corp.
4.75%, 5/15/23 (a)		156		155,610
Meritor, Inc.
8.125%, 9/15/15		185		209,514
Schaeffler Finance BV
4.25%, 5/15/18 (a)	EUR	217		285,571
UCI International, Inc.
8.625%, 2/15/19	U.S.$	402		416,070
				7,437,792
Consumer Cyclical - Entertainment - 0.8%
AMC Entertainment, Inc.
9.75%, 12/01/20		425		490,875
ClubCorp Club Operations, Inc.
10.00%, 12/01/18		385		430,719
Greektown Holdings LLC
10.75%, 12/01/13 (e)(f)(g)		525		0
NAI Entertainment Holdings LLC
8.25%, 12/15/17 (a)		837		903,960
Regal Entertainment Group
9.125%, 8/15/18		1,020		1,162,800
				2,988,354
Consumer Cyclical - Other - 2.9%
Caesars Entertainment Operating Co., Inc.
10.00%, 12/15/18		825		511,500
CityCenter Holdings LLC/CityCenter Finance Corp.
7.625%, 1/15/16		1,111		1,180,437
DR Horton, Inc.
6.50%, 4/15/16		1,180		1,309,800
Isle of Capri Casinos, Inc.
7.75%, 3/15/19		545		588,600
Lennar Corp.
Series B
6.50%, 4/15/16		1,260		1,386,000
Levi Strauss & Co.
6.875%, 5/01/22 (a)		579		641,966
M/I Homes, Inc.
8.625%, 11/15/18		790		872,950
Marina District Finance Co., Inc.
9.875%, 8/15/18 (b)		370		397,288

	Principal Amount (000)		U.S. $ Value
MGM Resorts International
6.625%, 7/15/15		1,222		1,325,870
NCL Corp., Ltd.
9.50%, 11/15/18		190		214,225
Ryland Group, Inc. (The)
6.625%, 5/01/20		335		373,525
Shea Homes LP/Shea Homes Funding Corp.
8.625%, 5/15/19		503		570,905
Standard Pacific Corp.
8.375%, 5/15/18		500		589,375
Wolverine World Wide, Inc.
6.125%, 10/15/20 (a)		251		265,433
Wynn Las Vegas LLC/Wynn Las Vegas Capital Corp.
7.75%, 8/15/20		925		1,042,937
				11,270,811
Consumer Cyclical - Restaurants - 0.0%
CKE Restaurants, Inc.
11.375%, 7/15/18		79		82,260
Consumer Cyclical - Retailers - 2.5%
Asbury Automotive Group, Inc.
8.375%, 11/15/20		357		399,840
Brighthouse Group Ltd.
7.875%, 5/15/18 (a)	GBP	669		1,036,808
Burlington Coat Factory Warehouse Corp.
10.00%, 2/15/19	U.S.$	960		1,071,600
CST Brands, Inc.
5.00%, 5/01/23 (a)		437		441,370
J Crew Group, Inc.
8.125%, 3/01/19 (b)		1,040		1,107,600
Limited Brands, Inc.
5.625%, 2/15/22		503		537,581
6.625%, 4/01/21		400		457,000
Michaels Stores, Inc.
7.75%, 11/01/18		500		542,500
Phones4u Finance PLC
9.50%, 4/01/18 (a)	GBP	345		544,531
Rite Aid Corp.
8.00%, 8/15/20	U.S.$	1,000		1,125,000
10.25%, 10/15/19		648		742,770
Sally Holdings LLC/Sally Capital, Inc.
5.75%, 6/01/22		606		637,815
Toys R US - Delaware, Inc.
7.375%, 9/01/16 (a)		805		830,156
				9,474,571
Consumer Non-Cyclical - 10.6%
Air Medical Group Holdings, Inc.
9.25%, 11/01/18		844		926,290
Alere, Inc.
8.625%, 10/01/18		800		866,000
ARAMARK Corp.
5.75%, 3/15/20 (a)		244		252,540

	Principal Amount (000)		U.S. $ Value
Biomet, Inc.
6.50%, 10/01/20 (a)		925		936,562
Capsugel FinanceCo SCA
9.875%, 8/01/19 (a)	EUR	740		1,089,255
Care UK Health & Social Care PLC
9.75%, 8/01/17 (a)	GBP	510		802,015
Cerba European Lab
7.00%, 2/01/20 (a)	EUR	850		1,132,407
CHS/Community Health Systems, Inc.
7.125%, 7/15/20	U.S.$	401		440,098
8.00%, 11/15/19		396		435,600
Constellation Brands, Inc.
6.00%, 5/01/22		1,107		1,242,607
ConvaTec Healthcare E SA
10.50%, 12/15/18 (a)		386		441,970
Cosan Luxembourg SA
5.00%, 3/14/23 (a)		570		563,791
Del Monte Corp.
7.625%, 2/15/19		595		616,569
Elior Finance & Co. SCA
6.50%, 5/01/20 (a)	EUR	263		348,671
Elizabeth Arden, Inc.
7.375%, 3/15/21	U.S.$	445		495,619
Emergency Medical Services Corp.
8.125%, 6/01/19		1,123		1,224,070
Endo Health Solutions, Inc.
7.25%, 1/15/22		255		274,763
FAGE Dairy Industry SA/FAGE USA Dairy Industry, Inc.
9.875%, 2/01/20 (a)		582		643,110
First Quality Finance Co., Inc.
4.625%, 5/15/21 (a)		1,535		1,496,625
Fresenius Medical Care US Finance, Inc.
6.50%, 9/15/18 (a)		385		438,900
Grifols, Inc.
8.25%, 2/01/18		700		762,125
HCA, Inc.
6.375%, 1/15/15		1,698		1,808,370
6.50%, 2/15/20		3,125		3,523,437
Holding Medi-Partenaires SAS
7.00%, 5/15/20 (a)	EUR	735		941,091
Hologic, Inc.
6.25%, 8/01/20	U.S.$	291		311,006
IASIS Healthcare LLC/IASIS Capital Corp.
8.375%, 5/15/19		600		627,000
Jaguar Holding Co. II/Jaguar Merger Sub, Inc.
9.50%, 12/01/19 (a)		995		1,135,544
Jarden Corp.
7.50%, 1/15/20		280		302,400
JBS USA LLC/JBS USA Finance, Inc.
7.25%, 6/01/21 (a)		215		230,050
8.25%, 2/01/20 (a)		764		838,490
Kinetic Concepts, Inc./KCI USA, Inc.
10.50%, 11/01/18		1,015		1,098,737

	Principal Amount (000)		U.S. $ Value
Minerva Luxembourg SA
7.75%, 1/31/23 (a)(b)		925		952,750
New Albertsons, Inc.
7.45%, 8/01/29 (b)		1,870		1,524,050
Party City Holdings, Inc.
8.875%, 8/01/20 (a)		640		718,400
Post Holdings, Inc.
7.375%, 2/15/22		398		443,273
Priory Group No 3 PLC
7.00%, 2/15/18 (a)	GBP	665		1,055,868
R&R Ice Cream PLC
8.375%, 11/15/17 (a)	EUR	600		835,001
Serta Simmons Holdings LLC
8.125%, 10/01/20 (a)(b)	U.S.$	343		363,580
Spectrum Brands Escrow Corp.
6.375%, 11/15/20 (a)		48		51,540
6.625%, 11/15/22 (a)		84		90,720
Spectrum Brands, Inc.
6.75%, 3/15/20		900		967,500
Stater Bros Holdings, Inc.
7.375%, 11/15/18		390		414,863
Sun Products Corp. (The)
7.75%, 3/15/21 (a)		727		734,270
United Surgical Partners International, Inc.
9.00%, 4/01/20		382		426,885
Valeant Pharmaceuticals International
6.375%, 10/15/20 (a)		800		840,000
6.875%, 12/01/18 (a)		825		880,688
7.00%, 10/01/20 (a)		1,215		1,309,162
7.25%, 7/15/22 (a)		210		227,850
Vanguard Health Holding Co. II LLC/Vanguard Holding Co. II, Inc.
7.75%, 2/01/19 (b)		727		777,890
Virgolino de Oliveira Finance Ltd.
10.50%, 1/28/18 (a)(b)		930		883,500
Voyage Care Bondco PLC
6.50%, 8/01/18 (a)	GBP	600		936,709
Voyager Learning Exchange
8.375%, 12/01/14 (e)(f)(g)	U.S.$	982		1
				40,680,212
Energy - 7.7%
Antero Resources Finance Corp.
7.25%, 8/01/19		384		412,800
9.375%, 12/01/17		495		530,888
Athlon Holdings LP/Athlon Finance Corp.
7.375%, 4/15/21 (a)		1,337		1,390,480
ATP Oil & Gas Corp./United States
11.875%, 5/01/15 (h)		410		5,125
Basic Energy Services, Inc.
7.75%, 2/15/19		500		523,750
Bill Barrett Corp.
7.625%, 10/01/19		400		430,000

	Principal Amount (000)		U.S. $ Value
Bonanza Creek Energy, Inc.
6.75%, 4/15/21 (a)		123		128,535
Bristow Group, Inc.
6.25%, 10/15/22		222		240,870
Chaparral Energy, Inc.
7.625%, 11/15/22		835		901,800
CHC Helicopter SA
9.25%, 10/15/20		609		653,152
Chesapeake Energy Corp.
2.50%, 5/15/37 (b)		1,225		1,224,234
Cie Generale de Geophysique - Veritas
6.50%, 6/01/21		800		836,000
Continental Resources, Inc./OK
4.50%, 4/15/23 (a)		985		994,850
5.00%, 9/15/22		814		842,490
Denbury Resources, Inc.
6.375%, 8/15/21		1,202		1,322,200
Energy XXI Gulf Coast, Inc.
7.75%, 6/15/19		489		523,230
9.25%, 12/15/17		800		888,000
EP Energy LLC/Everest Acquisition Finance, Inc.
6.875%, 5/01/19		823		888,840
Forest Oil Corp.
7.25%, 6/15/19		739		735,305
Hornbeck Offshore Services, Inc.
5.875%, 4/01/20		543		566,078
Key Energy Services, Inc.
6.75%, 3/01/21		901		912,262
Laredo Petroleum, Inc.
7.375%, 5/01/22		369		405,900
Linn Energy LLC/Linn Energy Finance Corp.
6.25%, 11/01/19 (a)		369		371,768
Newfield Exploration Co.
7.125%, 5/15/18		1,135		1,169,050
Offshore Group Investment Ltd.
7.50%, 11/01/19		483		521,640
Oil States International, Inc.
6.50%, 6/01/19		722		777,955
Pacific Drilling SA
5.375%, 6/01/20 (a)		865		856,350
Petroleum Geo-Services ASA
7.375%, 12/15/18 (a)		348		386,280
PHI, Inc.
8.625%, 10/15/18		400		435,000
Pioneer Energy Services Corp.
9.875%, 3/15/18		716		780,440
Plains Exploration & Production Co.
6.50%, 11/15/20		344		380,980
6.625%, 5/01/21		500		552,500
6.75%, 2/01/22		1,485		1,659,487
Precision Drilling Corp.
6.50%, 12/15/21		299		320,678
QEP Resources, Inc.
5.375%, 10/01/22		1,100		1,127,500

	Principal Amount (000)		U.S. $ Value
Range Resources Corp.
5.75%, 6/01/21		1,060		1,120,950
SandRidge Energy, Inc.
7.50%, 3/15/21		361		371,830
8.75%, 1/15/20		775		833,125
SESI LLC
7.125%, 12/15/21		563		631,967
Seven Generations Energy Ltd.
8.25%, 5/15/20 (a)		704		732,160
Tervita Corp.
8.00%, 11/15/18 (a)		754		780,390
W&T Offshore, Inc.
8.50%, 6/15/19		550		598,125
				29,764,964
Other Industrial - 2.0%
A123 Systems, Inc.
3.75%, 4/15/16 (h)		270		193,219
Brightstar Corp.
9.50%, 12/01/16 (a)		883		960,263
General Cable Corp.
5.75%, 10/01/22 (a)		387		398,610
Interline Brands, Inc./NJ
7.50%, 11/15/18		704		753,280
Laureate Education, Inc.
9.25%, 9/01/19 (a)		889		995,680
NANA Development Corp.
9.50%, 3/15/19 (a)		1,156		1,187,790
New Enterprise Stone & Lime Co., Inc.
11.00%, 9/01/18		895		662,300
Safway Group Holding LLC/Safway Finance Corp.
7.00%, 5/15/18 (a)		452		454,260
Servus Luxembourg Holding Sca
7.75%, 6/15/18 (a)	EUR	768		998,208
Trionista Holdco GmbH
5.00%, 4/30/20 (a)		413		548,874
Trionista TopCo GmbH
6.875%, 4/30/21 (a)		253		333,769
				7,486,253
Services - 1.5%
Cerved Technologies SpA
6.375%, 1/15/20 (a)		241		313,240
8.00%, 1/15/21 (a)		270		350,055
Live Nation Entertainment, Inc.
7.00%, 9/01/20 (a)	U.S.$	284		307,785
Lottomatica Group SpA
8.25%, 3/31/66 (a)	EUR	730		1,019,978
Mobile Mini, Inc.
7.875%, 12/01/20	U.S.$	309		342,218
Realogy Group LLC
7.625%, 1/15/20 (a)		449		508,492

	Principal Amount (000)		U.S. $ Value
Sabre, Inc.
8.50%, 5/15/19 (a)		847		933,817
ServiceMaster Co./TN
7.00%, 8/15/20 (b)		319		316,608
8.00%, 2/15/20		342		351,832
Travelport LLC/Travelport Holdings, Inc.
13.875%, 3/01/16 (a)(i)		382		395,422
West Corp.
7.875%, 1/15/19		880		954,800
				5,794,247
Technology - 3.7%
Avaya, Inc.
7.00%, 4/01/19 (a)		102		95,115
10.50%, 3/01/21 (a)		972		816,480
CDW LLC/CDW Finance Corp.
8.00%, 12/15/18		671		738,939
8.50%, 4/01/19		1,049		1,160,456
Ceridian Corp.
8.875%, 7/15/19 (a)		456		519,840
11.00%, 3/15/21 (a)		840		959,700
CommScope, Inc.
8.25%, 1/15/19 (a)		760		832,200
First Data Corp.
6.75%, 11/01/20 (a)		652		682,155
7.375%, 6/15/19 (a)		2,875		3,029,531
Freescale Semiconductor, Inc.
8.875%, 12/15/14		152		152,380
10.125%, 12/15/16		212		217,830
Infor US, Inc.
9.375%, 4/01/19		318		358,545
10.00%, 4/01/19	EUR	251		368,648
Iron Mountain, Inc.
5.75%, 8/15/24	U.S.$	533		539,663
Sanmina Corp.
7.00%, 5/15/19 (a)(b)		603		645,210
Seagate HDD Cayman
7.00%, 11/01/21		769		845,900
Sensata Technologies BV
6.50%, 5/15/19 (a)		800		866,000
Serena Software, Inc.
10.375%, 3/15/16		702		709,020
SunGard Data Systems, Inc.
7.625%, 11/15/20		800		880,000
				14,417,612
Transportation - Airlines - 0.1%
TAM Capital 3, Inc.
8.375%, 6/03/21 (a)		465		511,500
Transportation - Services - 0.7%
Avis Budget Car Rental LLC/Avis Budget Finance, Inc.
5.50%, 4/01/23 (a)		516		521,160

	Principal Amount (000)		U.S. $ Value
Hertz Corp. (The)
5.875%, 10/15/20		360		379,800
6.25%, 10/15/22		145		157,506
6.75%, 4/15/19		1,236		1,342,605
LBC Tank Terminals Holding Netherlands BV
6.875%, 5/15/23 (a)		400		415,500
				2,816,571
				230,556,318
Financial Institutions - 5.7%
Banking - 1.9%
ABN Amro Bank NV
4.31%, 3/10/16	EUR	980		1,176,949
Ally Financial, Inc.
8.00%, 11/01/31	U.S.$	501		641,280
Citigroup, Inc.
5.95%, 1/30/23		589		615,505
Countrywide Capital III
Series B
8.05%, 6/15/27		600		751,500
HBOS Capital Funding No2 LP
6.071%, 6/30/14 (a)		665		606,812
HT1 Funding GmbH
6.352%, 6/30/17	EUR	825		986,510
LBG Capital No.1 PLC
8.00%, 6/15/20 (a)	U.S.$	370		389,584
Royal Bank of Scotland Group PLC
Series U
7.64%, 9/29/17		1,200		1,167,000
Swedbank AB
5.75%, 3/17/16	GBP	340		538,525
Zions Bancorporation
5.80%, 6/15/23	U.S.$	350		352,625
				7,226,290
Brokerage - 0.6%
E*TRADE Financial Corp.
6.375%, 11/15/19		513		538,650
6.75%, 6/01/16		329		352,030
Lehman Brothers Holdings, Inc.
5.625%, 1/24/13 (g)		5,500		1,381,875
				2,272,555
Finance - 2.0%
Air Lease Corp.
6.125%, 4/01/17		294		316,785
CIT Group, Inc.
5.25%, 3/15/18		1,400		1,505,000
International Lease Finance Corp.
4.625%, 4/15/21		1,192		1,183,060
5.875%, 4/01/19		2,200		2,359,500
Residential Capital LLC
9.625%, 5/15/15 (h)		375		405,937

	Principal Amount (000)		U.S. $ Value
Sistema JSFC via Sistema International Funding SA
6.95%, 5/17/19 (a)		850		913,424
SLM Corp.
7.25%, 1/25/22		335		352,588
8.00%, 3/25/20		580		631,475
				7,667,769
Insurance - 0.2%
Genworth Holdings, Inc.
6.15%, 11/15/66		295		277,300
Liberty Mutual Group, Inc.
7.80%, 3/15/37 (a)		410		489,950
				767,250
Other Finance - 1.0%
FTI Consulting, Inc.
6.75%, 10/01/20 (b)		500		535,000
Icahn Enterprises LP/Icahn Enterprises Finance Corp.
8.00%, 1/15/18		1,481		1,569,860
iPayment, Inc.
10.25%, 5/15/18		860		765,400
Speedy Cash Intermediate Holdings Corp.
10.75%, 5/15/18 (a)		599		637,935
Speedy Group Holdings Corp.
12.00%, 11/15/17 (a)		519		539,760
				4,047,955
				21,981,819
Utility - 5.1%
Electric - 3.5%
AES Corp./VA
4.875%, 5/15/23		382		375,315
7.375%, 7/01/21		489		572,130
8.00%, 10/15/17		612		717,570
Calpine Corp.
7.25%, 10/15/17 (a)		1,250		1,306,250
7.875%, 1/15/23 (a)		450		495,000
EDP Finance BV
5.875%, 2/01/16 (a)	EUR	430		602,611
6.00%, 2/02/18 (a)	U.S.$	705		760,519
Energy Future Intermediate Holding Co. LLC/EFIH Finance, Inc.
6.875%, 8/15/17 (a)		994		1,053,640
10.00%, 12/01/20		792		901,890
10.00%, 12/01/20 (a)		694		786,822
11.25%, 12/01/18 (a)(i)		373		336,633
GenOn Americas Generation LLC
8.50%, 10/01/21		725		837,375
GenOn Energy, Inc.
7.875%, 6/15/17		840		945,000

	Principal Amount (000)		U.S. $ Value
NRG Energy, Inc.
7.875%, 5/15/21		901		1,004,615
8.25%, 9/01/20		825		925,031
PPL Capital Funding, Inc.
Series A
6.70%, 3/30/67		375		399,375
Techem Energy Metering Service GmbH & Co. KG
7.875%, 10/01/20 (a)	EUR	300		428,722
Techem GmbH
6.125%, 10/01/19 (a)		300		421,119
Texas Competitive Electric Holdings Co. LLC/TCEH Finance, Inc.
11.50%, 10/01/20 (a)	U.S.$	761		597,385
				13,467,002
Natural Gas - 1.6%
Access Midstream Partners LP/ACMP Finance Corp.
4.875%, 5/15/23		556		549,050
Hiland Partners LP/Hiland Partners Finance Corp.
7.25%, 10/01/20 (a)		417		454,530
Kinder Morgan Finance Co. LLC
5.70%, 1/05/16		1,765		1,921,272
MarkWest Energy Partners LP/MarkWest Energy Finance Corp.
6.50%, 8/15/21		1,040		1,125,800
Regency Energy Partners LP/Regency Energy Finance Corp.
4.50%, 11/01/23 (a)		571		565,290
Sabine Pass Liquefaction LLC
5.625%, 2/01/21 (a)		1,000		1,003,750
Targa Resources Partners LP/Targa Resources Partners Finance Corp.
6.875%, 2/01/21		330		356,400
				5,976,092
				19,443,094
Total Corporates - Non-Investment Grades (cost $254,133,160)				271,981,231
CORPORATES - INVESTMENT GRADES - 5.4%
Financial Institutions - 3.7%
Banking - 2.2%
Barclays Bank PLC
7.625%, 11/21/22 (b)		400		402,000
7.75%, 4/10/23		919		933,934
BNP Paribas SA
5.186%, 6/29/15 (a)		957		939,056
8.667%, 9/11/13	EUR	650		853,286
Cooperatieve Centrale Raiffeisen-Boerenleenbank BA/Netherlands
8.375%, 7/26/16 (a)	U.S.$	410		443,190

	Principal Amount (000)		U.S. $ Value
HSBC Capital Funding LP/Jersey
10.176%, 6/30/30 (a)		674		997,831
JPMorgan Chase & Co.
Series Q
5.15%, 5/01/23		345		348,450
Lloyds TSB Bank PLC
11.875%, 12/16/21 (a)	EUR	580		936,664
Sovereign Bank/Wilmington DE
8.75%, 5/30/18	U.S.$	360		446,104
Turkiye Garanti Bankasi AS
5.25%, 9/13/22 (a)		672		710,543
Turkiye Vakiflar Bankasi Tao
5.75%, 4/24/17 (a)		425		459,228
UBS AG/Jersey
4.28%, 4/15/15	EUR	820		1,069,482
				8,539,768
Finance - 0.3%
General Electric Capital Corp.
Series A
7.125%, 6/15/22	U.S.$	800		936,000
Insurance - 0.8%
MetLife Capital Trust IV
7.875%, 12/15/37 (a)		750		946,875
Mitsui Sumitomo Insurance Co., Ltd.
7.00%, 3/15/72 (a)(d)		489		567,477
Nationwide Mutual Insurance Co.
9.375%, 8/15/39 (a)		325		474,978
Swiss Reinsurance Co. via ELM BV
5.252%, 5/25/16	EUR	900		1,204,868
				3,194,198
REITS - 0.4%
EPR Properties
7.75%, 7/15/20	U.S.$	842		997,892
Senior Housing Properties Trust
6.75%, 12/15/21		600		687,498
				1,685,390
				14,355,356
Industrial - 1.3%
Basic - 0.3%
Basell Finance Co. BV
8.10%, 3/15/27 (a)		419		567,903
LyondellBasell Industries NV
6.00%, 11/15/21		339		400,762
				968,665
Capital Goods - 0.2%
Mondi Consumer Packaging International AG
9.75%, 7/15/17 (a)	EUR	267		392,800

	Principal Amount (000)		U.S. $ Value
Tyco International Finance SA
8.50%, 1/15/19	U.S.$	375		479,962
				872,762
Communications - Media - 0.2%
Virgin Media Secured Finance PLC
6.50%, 1/15/18		775		815,688
Communications - Telecommunications - 0.2%
Qwest Corp.
6.875%, 9/15/33		720		720,000
Consumer Cyclical - Other - 0.3%
Host Hotels & Resorts LP
Series Q
6.75%, 6/01/16		409		414,061
Seminole Indian Tribe of Florida
6.535%, 10/01/20 (a)		94		102,930
7.75%, 10/01/17 (a)		631		673,592
				1,190,583
Energy - 0.1%
National Oilwell Varco, Inc.
Series B
6.125%, 8/15/15		506		507,144
				5,074,842
Non Corporate Sectors - 0.3%
Agencies - Not Government Guaranteed - 0.3%
Petrobras International Finance Co. - Pifco
5.375%, 1/27/21		850		898,734
Utility - 0.1%
Natural Gas - 0.1%
Enterprise Products Operating LLC
Series A
8.375%, 8/01/66		420		483,525
Total Corporates - Investment Grades (cost $18,988,927)				20,812,457
BANK LOANS - 4.3%
Industrial - 4.3%
Basic - 0.2%
FMG Resources (August 2006) Pty Ltd. (FMG America Finance, Inc.)
5.25%, 10/18/17 (c)		602		604,798
Unifrax Holding Co.
5.25%, 11/01/18 (c)	EUR	249		325,140
				929,938
Capital Goods - 0.1%
Serta Simmons Holdings, LLC
5.00%, 10/01/19 (c)	U.S.$	399		401,119

	Principal Amount (000)		U.S. $ Value
Consumer Cyclical - Automotive - 0.4%
TI Group Automotive Systems, LLC
5.50%, 3/28/19 (c)		778		784,101
Veyance Technologies, Inc.
5.25%, 9/08/17 (c)		650		652,438
				1,436,539
Consumer Cyclical - Entertainment - 0.6%
ClubCorp Club Operations, Inc.
5.00%, 11/30/16 (c)		518		524,974
Harrah’s Las Vegas Propco, LLC
3.69%, 2/13/14 (c)		1,125		1,026,562
Kasima, LLC (Digital Cinema Implementation Partners, LLC)
3.25%, 5/14/21 (c)(j)		450		450,846
Station Casinos LLC
5.00%, 3/02/20 (c)		375		378,469
				2,380,851
Consumer Cyclical - Other - 0.5%
Las Vegas Sands, LLC
2.70%, 11/23/16 (c)		1,333		1,333,777
New HB Acquisition, LLC
6.75%, 4/09/20 (c)		560		574,353
				1,908,130
Consumer Cyclical - Retailers - 0.4%
Harbor Freight Tools USA, Inc./Central Puchasing, LLC
6.50%, 11/14/17 (c)		496		502,865
J.C. Penney Corp., Inc.
5/22/18 (j)		450		455,908
Supervalu, Inc.
6.25%, 3/21/19 (c)		550		547,613
				1,506,386
Consumer Non-Cyclical - 0.7%
BJ’s Wholesale Club, Inc.
9.75%, 3/26/20 (c)		400		409,800
Catalent Pharma Solutions, Inc. (fka Cardinal Health 409, Inc.)
6.50%, 12/31/17 (c)		800		809,000
H.J. Heinz Company
3/27/20 (j)		200		201,692
Immucor, Inc. (fka IVD Acquisition Corporation)
5.00%, 8/19/18 (c)		591		594,983
Kinetic Concepts, Inc.
5.50%, 5/04/18 (c)		395		399,696

	Principal Amount (000)		U.S. $ Value
Par Pharmaceutical Companies, Inc. (Par Pharmaceutical, Inc.)
4.25%, 9/30/19 (c)		179		178,679
				2,593,850
Other Industrial - 0.2%
Accudyne Industries Borrower S.C.A./Accudyne Industries, LLC (fka Silver II US Holdings, LLC)
4.00%, 12/13/19 (c)		274		274,370
Navistar, Inc.
5.75%, 8/17/17 (c)		420		427,770
				702,140
Services - 0.4%
Travelport LLC (f/k/a Travelport Inc.)
9.50%, 1/31/16 (c)		1,536		1,598,295
Technology - 0.8%
Alcatel-Lucent USA, Inc.
7.25%, 1/30/19 (c)		599		604,359
Blackboard, Inc.
11.50%, 4/04/19 (c)		1,100		1,118,337
MMI International Ltd.
11/22/18 (j)		800		792,000
Smart Modular Technologies (Global), Inc.
8.25%, 8/26/17 (c)		677		608,394
				3,123,090
				16,580,338
Financial Institutions - 0.0%
REITS - 0.0%
iStar Financial, Inc.
5.25%, 3/19/16 (c)		37		36,820
Total Bank Loans (cost $16,343,944)				16,617,158
COLLATERALIZED MORTGAGE OBLIGATIONS - 3.3%
Non-Agency Floating Rate - 2.2%
Deutsche ALT-A Securities, Inc. Alternate Loan Trust
Series 2007-OA4, Class 1A1A
0.383%, 8/25/47 (c)		1,679		1,389,004
Greenpoint Mortgage Funding Trust
Series 2007-AR3, Class A1
0.413%, 6/25/37 (c)		588		490,534
HarborView Mortgage Loan Trust
Series 2007-4, Class 2A1
0.418%, 7/19/47 (c)		904		771,536
Lehman XS Trust
Series 2007-4N, Class 3A2A
0.923%, 3/25/47 (c)		289		234,779
Residential Accredit Loans, Inc.

	Principal Amount (000)		U.S. $ Value
Series 2005-QA10, Class A31
3.771%, 9/25/35		1,658		1,401,106
Series 2006-QO6, Class A3
0.453%, 6/25/46 (c)		2,817		1,391,094
Series 2007-QH6, Class A1
0.383%, 7/25/37 (c)		1,622		1,337,367
Series 2007-QO1, Class A1
0.343%, 2/25/47 (c)		1,315		1,033,466
Structured Asset Mortgage Investments, Inc.
Series 2007-AR6, Class A1
1.673%, 8/25/47 (c)		639		528,893
				8,577,779
Non-Agency Fixed Rate - 1.1%
CSMC Mortgage-Backed Trust
Series 2006-7, Class 3A12
6.25%, 8/25/36		447		406,387
Indymac Index Mortgage Loan Trust
Series 2006-AR31
5.112%, 11/25/36		1,308		1,210,079
Residential Accredit Loans, Inc.
Series 2006-QS2, Class 1A8
6.00%, 2/25/36		1,100		960,317
Series 2006-QS2, Class 1A9
5.50%, 2/25/36		1,113		940,070
Series 2006-QS4, Class A2
6.00%, 4/25/36		935		790,662
				4,307,515
Total Collateralized Mortgage Obligations (cost $11,968,063)				12,885,294
EMERGING MARKETS - CORPORATE BONDS - 2.6%
Industrial - 2.3%
Basic - 0.2%
Severstal OAO Via Steel Capital SA
5.90%, 10/17/22 (a)		293		283,010
9.25%, 4/19/14 (a)		8		8,521
Vedanta Resources PLC
8.75%, 1/15/14 (a)		439		451,643
				743,174
Communications - Media - 0.2%
Columbus International, Inc.
11.50%, 11/20/14 (a)		698		776,525
Consumer Cyclical - Other - 0.3%
Studio City Finance Ltd.
8.50%, 12/01/20 (a)		1,025		1,130,063
Consumer Non-Cyclical - 1.4%
Agrokor DD
9.875%, 5/01/19 (a)	EUR	630		919,151

	Principal Amount (000)		U.S. $ Value
Arcelik AS
5.00%, 4/03/23 (a)	U.S.$	498		501,624
Corp. Azucarera del Peru SA
6.375%, 8/02/22 (a)		248		258,466
Foodcorp Pty Ltd.
8.75%, 3/01/18 (a)	EUR	642		915,797
Marfrig Holding Europe BV
8.375%, 5/09/18 (a)	U.S.$	997		917,240
Marfrig Overseas Ltd.
9.50%, 5/04/20 (a)		240		224,400
Tonon Bioenergia SA
9.25%, 1/24/20 (a)		775		780,082
USJ Acucar e Alcool SA
9.875%, 11/09/19 (a)(b)		850		915,875
				5,432,635
Energy - 0.1%
Golden Close Maritime Corp., Ltd.
11.00%, 12/09/15		371		394,088
Technology - 0.1%
MMI International Ltd.
8.00%, 3/01/17 (a)		475		489,250
				8,965,735
Financial Institutions - 0.3%
Banking - 0.3%
Banco de Reservas de LA Republica Dominicana
7.00%, 2/01/23 (a)		875		899,063
Total Emerging Markets - Corporate Bonds (cost $9,570,062)				9,864,798
COMMERCIAL MORTGAGE-BACKED SECURITIES - 2.3%
Non-Agency Fixed Rate CMBS - 2.3%
Bear Stearns Commercial Mortgage Securities Trust
Series 2006-PW13, Class AJ
5.611%, 9/11/41		167		167,928
Bear Stearns Commercial Mortgage Securities, Inc.
Series 2006-T24, Class AJ
5.598%, 10/12/41		1,000		963,428
GS Mortgage Securities Trust
Series 2006-GG6, Class AJ
5.634%, 4/10/38		1,000		1,020,024
LB-UBS Commercial Mortgage Trust
Series 2006-C1, Class AJ
5.276%, 2/15/41		1,565		1,563,158
Series 2007-C1, Class AJ
5.484%, 2/15/40		1,380		1,394,396
Merrill Lynch/Countrywide Commercial Mortgage Trust
Series 2006-4, Class AJ
5.239%, 9/15/13		315		310,396

	Principal Amount (000)		U.S. $ Value
Morgan Stanley Capital I Trust
Series 2007-T27, Class AJ
5.647%, 6/11/42		970		1,049,930
Wachovia Bank Commercial Mortgage Trust
Series 2006-C29, Class AJ
5.368%, 11/15/48		1,000		954,852
WFDB Commercial Mortgage Trust
Series 2011-BXR, Class E
6.403%, 7/05/24 (a)		1,300		1,327,513
Total Commercial Mortgage-Backed Securities (cost $8,220,179)				8,751,625
GOVERNMENTS - TREASURIES - 2.1%
Canada - 0.4%
Canadian Government Bond
2.00%, 6/01/16	CAD	550		542,090
3.25%, 6/01/21		925		979,630
				1,521,720
United Kingdom - 0.7%
United Kingdom Gilt
2.00%, 1/22/16	GBP	1,725		2,723,889
United States - 1.0%
U.S. Treasury Bonds
3.125%, 11/15/41-2/15/42 (k)	U.S.$	2,192		2,130,694
U.S. Treasury Notes
0.75%, 8/15/13 (k)		525		525,718
1.00%, 8/31/16 (k)		1,000		1,012,891
				3,669,303
Total Governments - Treasuries (cost $8,146,121)				7,914,912
	Shares
COMMON STOCKS - 1.9%
Amkor Technology, Inc. (g)		130,959		594,554
Axiall Corp.		5,713		246,516
Crown Castle International Corp. (g)		9,194		655,072
Goodyear Tire & Rubber Co. (The) (g)		16,075		243,376
Greektown Superholdings, Inc. (e)(f)(g)		397		30,966
Isle of Capri Casinos, Inc. (g)		59,535		459,610
Keystone Automotive Operations, Inc. (e)(f)		61,065		609,426
Las Vegas Sands Corp.		8,388		485,665
LifePoint Hospitals, Inc. (g)		13,469		669,813
LyondellBasell Industries NV		6,076		404,965
Meritor, Inc. (g)		40,824		295,566
Neenah Enterprises, Inc. (e)(f)(g)		58,199		378,294
SBA Communications Corp.-Class A (g)		9,819		739,076
Seagate Technology PLC		12,533		539,922
Travelport LLC		255,000		221,850

Company	Shares		U.S. $ Value
Vanguard Health Systems, Inc. (g)		44,656		594,818
Total Common Stocks (cost $6,695,798)				7,169,489
	Principal Amount (000)
EMERGING MARKETS - SOVEREIGNS - 1.5%
Argentina - 0.5%
Argentina Boden Bonds
7.00%, 10/03/15	U.S. $	2,100		1,803,783
Croatia - 0.3%
Croatia Government International Bond
6.25%, 4/27/17 (a)		1,060		1,146,708
Hungary - 0.3%
Hungary Government International Bond
6.375%, 3/29/21		1,130		1,227,519
Serbia - 0.2%
Republic of Serbia
4.875%, 2/25/20 (a)		578		569,035
Ukraine - 0.2%
Ukraine Government International Bond
6.75%, 11/14/17 (a)		930		920,700
Total Emerging Markets - Sovereigns (cost $5,082,957)				5,667,745
	Shares
PREFERRED STOCKS - 1.3%
Financial Institutions - 1.1%
Banking - 0.9%
Goldman Sachs Group, Inc. (The)
5.50%		28,200		724,458
Royal Bank of Scotland Group PLC
6.40%		45,000		1,053,000
US Bancorp/MN
6.50%		35,000		1,015,350
Zions Bancorporation
9.50%		27,300		695,604
				3,488,412
REITS - 0.2%
Health Care REIT, Inc.
6.50%		13,825		369,957
Sovereign Real Estate Investment Trust
12.00% (a)		624		805,102
				1,175,059
				4,663,471

Company	Shares		U.S. $ Value
Non Corporate Sectors - 0.1%
Agencies - Government Sponsored - 0.1%
Federal Home Loan Mortgage Corp.
Series Z
8.375%		36,525		224,629
Industrial - 0.1%
Basic - 0.1%
ArcelorMittal
6.00%		9,350		197,192
Total Preferred Stocks (cost $5,336,325)				5,085,292
	Principal Amount (000)
QUASI-SOVEREIGNS - 1.1%
Quasi-Sovereign Bonds - 1.1%
Kazakhstan - 0.4%
Kazatomprom Natsionalnaya Atomnaya Kompaniya AO
6.25%, 5/20/15 (a)	U.S.$	875		924,437
KazMunayGas National Co.
9.125%, 7/02/18 (a)		500		621,250
				1,545,687
Trinidad & Tobago - 0.2%
Petroleum Co. of Trinidad & Tobago Ltd.
9.75%, 8/14/19 (a)		750		960,000
United States - 0.3%
Citgo Petroleum Corp.
11.50%, 7/01/17 (a)		891		1,006,830
Venezuela - 0.2%
Petroleos de Venezuela SA
5.25%, 4/12/17 (a)		800		680,000
Total Quasi-Sovereigns (cost $3,581,931)				4,192,517
ASSET-BACKED SECURITIES - 0.7%
Home Equity Loans - Fixed Rate - 0.5%
Countrywide Asset-Backed Certificates
Series 2005-7, Class AF5W
5.054%, 10/25/35		737		698,772
Lehman XS Trust
Series 2007-6, Class 3A5
5.72%, 5/25/37		1,300		1,265,446
				1,964,218
Home Equity Loans - Floating Rate - 0.2%
GSAA Home Equity Trust
Series 2006-6, Class AF5
4.868%, 3/25/36 (c)		1,378		884,094
Total Asset-Backed Securities (cost $2,278,258)				2,848,312

	Principal Amount (000)		U.S. $ Value
LOCAL GOVERNMENTS - MUNICIPAL BONDS - 0.4%
United States - 0.4%
Buckeye OH Tobacco Settlement Fin Auth
Series 2007A-2
5.875%, 6/01/47		165		148,053
California GO
7.60%, 11/01/40		325		471,676
7.95%, 3/01/36		700		870,989
Total Local Governments - Municipal Bonds (cost $1,177,170)				1,490,718
GOVERNMENTS - SOVEREIGN BONDS - 0.3%
Turkey - 0.3%
Turkey Government International Bond 6.25%, 9/26/22 (cost $1,065,470)		1,051		1,282,220
	Contracts
OPTIONS PURCHASED - PUTS - 0.2%
Options on Equities - 0.1%
American Axle & MFG Holdings Expiration: Jul 2013, Exercise Price: $ 12.00 (g)(l)		387		2,902
Hovnanian Enterprises A Expiration: Jan 2014, Exercise Price: $ 5.50 (g)(l)		1,024		81,920
Pultegroup, Inc. Expiration: Jan 2014, Exercise Price: $ 20.00 (g)(l)		142		29,394
Standard Pacific Corp. Expiration: Jan 2014, Exercise Price: $ 10.00 (g)(l)		264		53,460
Toll Brothers, Inc. Expiration: Jan 2014, Exercise Price: $ 35.00 (g)(l)		137		61,650
				229,326
Options on Funds and Investment Trusts - 0.1%
SPDR S&P 500 ETF Trust 1
Expiration: Jul 2013, Exercise Price: $ 159.00 (g)(l)		921		205,383
Expiration: Sep 2013, Exercise Price: $ 147.00 (g)(l)		660		114,510
Expiration: Sep 2013, Exercise Price: $ 149.00 (g)(l)		470		95,175
				415,068
Total Options Purchased - Puts (cost $850,419)				644,394

	Principal Amount (000)		U.S. $ Value
GOVERNMENTS - SOVEREIGN AGENCIES - 0.1%
Norway - 0.1%
Eksportfinans ASA 2.375%, 5/25/16 (cost $477,882)		539		519,461
	Contracts
OPTIONS PURCHASED - CALLS - 0.1%
Options on Equities - 0.1%
Beazer Homes USA, Inc.
Expiration: Jan 2014, Exercise Price: $ 25.00 (g)(l)		2,280		416,100
Options on Funds and Investment Trusts - 0.0%
SPDR S&P 500 ETF Trust
Expiration: Jul 2013, Exercise Price: $ 175.00 (g)(l)		585		5,850
Options on Forward Contracts - 0.0%
AUD/USD
Expiration: Aug 2013, Exercise Price: AUD 0.9865 (g)(m)		1,973,127		77,943
Total Options Purchased - Calls (cost $536,414)				499,893
	Shares
WARRANTS - 0.0%
Fairpoint Communications, Inc., expiring 1/24/18 (e)(f)(g)		12,643		0
iPayment Holdings, Inc., expiring 11/15/18 (e)(f)(g)		272		0
Talon Equity Co. NV, expiring 11/24/15 (e)(f)(g)		671		0
Total Warrants (cost $0)				0
SHORT-TERM INVESTMENTS - 2.6%
Investment Companies - 2.6%
AllianceBernstein Fixed-Income Shares, Inc. - Government STIF Portfolio, 0.09% (n) (cost $10,199,968)		10,199,968		10,199,968

	U.S. $ Value
Total Investments – 100.8% (cost $364,653,048) (o)		388,427,484
Other assets less liabilities - (0.8)% (p)		(3,030,135	)
Net Assets - 100.0%	$	385,397,349

FUTURES CONTRACTS

Type	Number of Contracts		Expiration Month		Original Value		Value at May 31, 2013		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
Russell 2000 Mini Index Futures		9		June 2013	$	829,096	$	884,790	$	55,694
U.S. Note 2 Yr (CBT) Futures		201		September 2013		44,258,025		44,248,266		(9,759	)
U.S. T-Note 5 Yr Futures		339		September 2013		41,565,147		41,498,367		(66,780	)
Ultra Long U.S. T-Bond Futures		18		September 2013		2,788,765		2,738,250		(50,515	)
Sold Contracts
U.S. T-Note 10 Yr (CBT) Futures		126		September 2013		16,427,558		16,281,563		145,995
									$	74,635

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA	GBP	6,843	USD	10,427		6/27/13	$	31,264
Barclays Bank PLC Wholesale	EUR	25,130	USD	32,606		6/27/13		(60,018	)
Credit Suisse International	EUR	583	USD	750		6/27/13		(8,580	)
Deutsche Bank AG London	AUD	1,911	USD	1,941		6/14/13		113,475
Deutsche Bank AG London	GBP	391	USD	593		6/27/13		(1,503	)
Royal Bank of Scotland PLC	CAD	1,735	USD	1,688		6/07/13		14,403
Royal Bank of Scotland PLC	USD	1,956	MXN	24,293		7/11/13		(61,368	)
Royal Bank of Scotland PLC	USD	1,809	NOK	10,615		7/11/13		(3,090	)
State Street Bank & Trust Co.	CAD	1,836	USD	1,819		6/07/13		48,706
State Street Bank & Trust Co.	USD	777	EUR	595		6/27/13		(3,074	)
State Street Bank & Trust Co.	JPY	1,702	USD	17		7/19/13		(91	)
							$	70,124

CALL OPTIONS WRITTEN

Description	Contracts		Exercise Price		Expiration Month		Premiums Received		U.S. $ Value
SPDR S&P 500 ETF Trust (l)		585	$	170.00		July 2013	$	78,951	$	(35,685	)

CREDIT DEFAULT SWAPTIONS WRITTEN

Description	Counter- party	Buy/Sell Protection		Strike Rate			Expiration Date		Notional Amount (000)		Premiums Received		Market Value
CDX-NAHY Series 20, 5 Year Index	Barclays Bank PLC		Sell		96.00	%		9/18/13	$	6,600	$	28,050	$	(32,662	)
CDX-NAHY Series 20, 5 Year Index	Barclays Bank PLC		Sell		96.00			9/18/13		6,600		27,720		(32,661	)
CDX-NAHY Series 20, 5 Year Index	JPMorgan Chase Bank, NA		Sell		100.00			9/18/13		4,800		96,000		(46,049	)
CDX-NAHY Series 20, 5 Year Index	JPMorgan Chase Bank, NA		Sell		100.00			9/18/13		4,800		92,160		(46,049	)
											$	243,930	$	(157,421	)

INTEREST RATE SWAP CONTRACTS

					Rate Type
Swap Counterparty	Notional Amount (000)		Termination Date		Payments made by the Fund			Payments received by the Fund			Unrealized Appreciation/ (Depreciation)
Bank of America, NA	$	7,600		9/11/22		1.774	%		3 Month LIBOR		$	270,665
Credit Suisse International		50,000		10/29/14		0.410	%		3 Month LIBOR			(22,070	)
Credit Suisse International		12,000		1/31/15		0.435	%		3 Month LIBOR			(17,618	)
Credit Suisse International		7,710		5/1/15		0.348	%		3 Month LIBOR			15,645
Credit Suisse International		40,000		4/8/18		0.925	%		3 Month LIBOR			459,139
Deutsche Bank AG	GBP	9,320		10/4/22		1.860	%		6 Month LIBOR			144,711
Deutsche Bank AG		3,930		10/4/42		6 Month LIBOR			2.968	%		(158,763	)
Deutsche Bank AG		250		2/22/43		6 Month LIBOR			3.213	%		10,079
JPMorgan Chase Bank, NA		800		4/30/23		1.792	%		6 Month LIBOR			32,179
											$	733,967

CREDIT DEFAULT SWAP CONTRACTS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Buy Contracts
Bank of America, NA:
CDX-NAHY Series 20, 5 Year Index
6/20/18*		(5.00	)%		3.89	%	$	9,610	$	(556,579	)	$	(287,935	)	$	(268,644	)
Fiat SpA,
5.625%, 6/12/17, 6/20/18*		(5.00	)		4.61		EUR	244		(8,815	)		(8,772	)		(43	)
Fiat SpA,
5.625%, 6/12/17, 6/20/18*		(5.00	)		4.61			190		(6,802	)		2,155			(8,957	)
Barclays Bank PLC:
Alcatel-Lucent USA, Inc.,
6.50%, 1/15/28, 3/20/17*		(5.00	)		5.42			200		1,512			14,705			(13,193	)
Liz Claibone, Inc.,
5.00%, 7/08/13, 12/20/13*		(5.00	)		0.00			180		(6,804	)		777			(7,581	)
Nokia OYJ,
6.75%, 2/04/19, 9/20/14*		(5.00	)		1.27			1,420		(79,041	)		74,237			(153,278	)
The McClatchy Co.,
5.75%, 9/01/17, 12/20/13*		(5.00	)		0.03			180		(5,920	)		1,458			(7,378	)
Citibank, NA:
CDX-NAHY Series 18, 5 Year Index,
6/20/17*		(5.00	)		3.17			3,960		(306,075	)		(58,865	)		(247,210	)
CDX-NAHY Series 18, 5 Year Index,
6/20/17*		(5.00	)		3.17			3,960		(306,075	)		(23,112	)		(282,963	)
Goldman Sachs Bank USA:
CDX-NAHY Series 11, 5 Year Index,
12/20/13*		– 0	–		46.46			464		106,093			55,779			50,314
CDX-NAIG Series 18, 5 Year Index,
6/20/17*		(1.00	)		0.60			16,500		(294,963	)		79,907			(374,870	)
JPMorgan Chase Bank, NA:
Beazer Homes USA, Inc.,
9.125%, 6/15/18, 9/20/18*		(5.00	)		4.21			810		(36,578	)		78,367			(114,945	)
CDX-NAIG Series 17, 5 Year Index,
12/20/16*		(1.00	)		0.53			8,300		(154,290	)		110,950			(265,240	)
MBIA, Inc.,
6.625%, 10/01/28, 12/20/13*		(5.00	)		0.01			370		(13,565	)		8,409			(21,974	)

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Morgan Stanley Capital Services, Inc.:
AK Steel Holding Corp.,
7.625%, 5/15/20, 6/20/15*		(5.00	)%		8.37	%	$	568	$	29,801		$	16,749		$	13,052
AK Steel Holding Corp.,
7.625%, 5/15/20, 6/20/15*		(5.00	)		8.37			567		29,748			18,088			11,660
CDX-EM Series 17, 5 Year Index
6/20/17*		(5.00	)		2.66			9,800		(953,703	)		(982,249	)		28,546
CDX-NAIG Series 20, 5 Year Index
6/20/18*		(1.00	)		0.80			24,840		(298,763	)		(349,645	)		50,882
Fiat SpA,
6.625%, 2/15/13, 12/20/17*		(5.00	)		4.18		EUR	165		(8,758	)		10,966			(19,724	)
Fiat SpA,
6.625%, 2/15/13, 12/20/17*		(5.00	)		4.18			235		(12,474	)		15,916			(28,390	)
Sale Contracts
Bank of America, NA:
Boyd Gaming Corp.,
6.75%, 4/15/14, 3/20/16*		5.00			2.60		$	860		59,813			(32,159	)		91,972
CDX-NAIG Series 19, 5 Year Index
12/20/2017*		1.00			3.28			917		(89,201	)		(147,858	)		58,657
CDX-NAIG Series 19, 5 Year Index
12/20/2017*		1.00			3.28			459		(44,601	)		(73,768	)		29,167
Sanmina - SCI Corp.,
8.125%, 3/01/16, 6/20/17*		5.00			2.81			640		60,245			(29,450	)		89,695
Barclays Bank PLC:
Advanced Micro Devices, Inc.,
7.750%, 8/01/20, 3/20/16*		5.00			3.90			710		25,471			(45,940	)		71,411
Advanced Micro Devices, Inc.,
7.750%, 8/01/20, 3/20/16*		5.00			3.90			350		12,556			(27,501	)		40,057
Amkor Technology, Inc.		5.00			4.60			264		7,445			4,394			3,051

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Amkor Technology, Inc.		5.00	%		4.60	%	$	236	$	6,655		$	3,928		$	2,727
CDX-NAIG Series 15, 5 Year Index,
12/20/15*		1.00			1.65			500		(7,279	)		(37,719	)		30,440
Clear Channel Communications, Inc.,
6.875%, 6/15/18, 12/20/14*		5.00			5.88			440		(3,719	)		(33,573	)		29,854
Clear Channel Communications, Inc.,
6.875%, 6/15/18, 3/20/16*		5.00			9.06			200		(19,001	)		(47,416	)		28,415
Community Health Systems, Inc.,
8.875%, 7/15/15, 6/20/16*		5.00			1.51			800		92,246			(15,271	)		107,517
Freescale Semiconductor, Inc.,
8.875%, 12/15/14, 6/20/16*		5.00			2.85			1,850		136,128			(30,893	)		167,021
Health Management Associates, Inc.,
6.125%, 4/15/16, 6/20/17*		5.00			2.48			640		68,780			(3,109	)		71,889
MGM Resorts International,
7.625%, 1/15/17, 6/20/17*		5.00			2.86			470		43,530			(21,235	)		64,765
MGM Resorts International,
7.625%, 1/15/17, 6/20/18*		5.00			3.73			689		47,093			44,922			2,171
Nokia OYJ,
6.75%, 2/04/19, 9/20/17*		5.00			4.87			890		11,530			(138,853	)		150,383
NXP BV,
2.961%, 10/15/13, 3/20/16*		5.00			1.65		EUR	550		55,313			18,129			37,184
Owens-Illinois, Inc.,
7.8%, 5/15/18, 6/20/17*		5.00			1.76			430		59,032			24,717			34,315

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Univision Communications, Inc.,
8.5%, 5/15/21, 6/20/16*		5.00	%		1.55	%	$	550	$	62,672		$	(10,335	)	$	73,007
Virgin Media Finance PLC,
9.50%, 8/15/16, 6/20/17*		5.00			3.10			650		53,566			15,253			38,313
Citibank, NA:
MGM Resorts International,
7.625%, 1/15/17, 6/20/18*		5.00			3.73			909		62,130			60,952			1,178
Credit Suisse International:
American Axle & Manufacturing, Inc.,
7.875%, 3/01/17, 06/20/18*		5.00			3.36			580		49,937			11,595			38,342
CDX-NAHY Series 15, 5 Year Index,
12/20/15*		5.00			1.84			2,800		254,480			(154,519	)		408,999
CDX-NAHY Series 15, 5 Year Index,
12/20/15*		5.00			1.84			2,500		227,214			(139,045	)		366,259
MGM Resorts International,
7.625%, 1/15/17, 6/20/13*		5.00			3.73			332		22,692			23,180			(488	)
MGM Resorts International,
7.625%, 1/15/17, 6/20/13*		5.00			0.27			800		10,545			426			10,119
United States Steel Corp.,
6.65%, 6/01/37, 12/20/17*		5.00			5.87			440		(12,331	)		(34,950	)		22,619
Wind Acquisition Finance S.A.,
5.00%, 12/31/45, 6/20/16*		5.00			3.61			520		26,278			14,326			11,952
Deutsche Bank AG
CDX-NAIG Series 19, 5 Year Index		1.00			3.28			459		(44,637	)		(79,979	)		35,342

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Goldman Sachs Bank USA:
American Axle & Manufacturing, Inc.,
7.875%, 3/01/17, 06/20/18*		5.00	%		3.36	%	$	421	$	36,247		$	6,101		$	30,146
CDX-NAHY Series 15, 3 Year Index,
12/20/13*		5.00			5.25			4,451		40,078			(217,609	)		257,687
CDX-NAIG Series 15, 5 Year Index,
12/20/15*		1.00			1.65			900		(13,101	)		(68,781	)		55,680
CDX-NAIG Series 19, 5 Year Index		1.00			3.28			917		(89,202	)		(160,780	)		71,578
CDX-NAIG Series 19, 5 Year Index		1.00			3.28			459		(44,600	)		(74,970	)		30,370
Chesapeake Energy Corp.,
6.625%, 8/15/20, 6/20/17*		5.00			2.34			1,250		140,514			(71,513	)		212,027
ConvaTec Healthcare E S.A.,
10.875%, 12/15/18, 6/20/17*		5.00			3.91		EUR	590		39,097			(96,693	)		135,790
Mediacom LLC,
9.125%, 8/15/19, 3/20/16*		5.00			1.56		$	1,070		109,052			(25,261	)		134,313
United States Steel Corp.,
6.65%, 6/01/37, 9/20/17*		5.00			5.58			230		(3,430	)		(16,244	)		12,814
United States Steel Corp.,
6.65%, 6/01/37, 9/20/17*		5.00			5.58			225		(3,355	)		(15,658	)		12,303
JPMorgan Chase Bank, NA:
Sabre Holdings Corp.,
6.35%, 3/15/16, 6/20/16*		5.00			2.09			277		26,846			(18,363	)		45,209
Morgan Stanley Capital Services, Inc.:
AK Steel Holding Corp.,
7.625%, 5/15/20, 3/20/16*		5.00			8.69			550		(43,683	)		4,954			(48,637	)
AK Steel Holding Corp.,
7.625%, 5/15/20, 6/20/18*		5.00			11.41			400		(82,754	)		(73,442	)		(9,312	)

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at May 31, 2013			Notional Amount (000)		Market Value			Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
AK Steel Holding Corp.,
7.625%, 5/15/20, 6/20/18*		5.00	%		11.41	%	$	399	$	(82,548	)	$	(71,317	)	$	(11,231	)
CDX-NAIG Series 19, 5 Year Index		1.00			3.28			459		(44,600	)		(75,284	)		30,684
NXP BV,
2.961%, 10/15/13, 6/20/17*		5.00			2.51		EUR	230		31,683			(12,000	)		43,683
NXP BV,
2.961%, 10/15/13, 9/20/17*		5.00			2.65			330		44,462			(19,160	)		63,622
UBS AG:
Goodyear Tire & Rubber Co.,
7.00%, 3/15/28, 6/20/17*		5.00			3.48		$	1,050		71,370			(72,114	)		143,484
HCA Inc.,
6.375%, 1/15/15, 6/20/17*		5.00			2.06			1,720		214,745			(2,792	)		217,537
Levi Strauss & Co.,
8.875%, 4/01/16, 6/20/17*		5.00			2.05			850		106,164			(41,457	)		147,621
									$	(1,194,484	)	$	(3,226,249	)	$	2,031,765

* Termination date

TOTAL RETURN SWAP CONTRACTS

Receive/Pay Total Return on Reference Index

Index

# of Shares or Units

Rate Received by the Fund

Notional Amount (000)

Maturity Date

Counterparty

Unrealized Appreciation/ (Depreciation)

Pay Total Return on Reference Index

Pay

Burger King Worldwide, Inc.

23,000

0.27

%

$

439

8/15/14

Citibank, NA

$

13,761

DIVIDEND SWAP CONTRACTS

Dividend Yield On	Counterparty	Strike Rate			Termination Date		Unrealized Appreciation/ (Depreciation)
Euro Stoxx 50 Index Dividend Futures	Credit Suisse International		91.80	%		12/19/14	$	44,764
Euro Stoxx 50 Index Dividend Futures	UBS AG		90.20	%		12/18/15	$	34,894
							$	79,658

REVERSE REPURCHASE AGREEMENTS

Broker	Interest Rate			Maturity	U.S. $ Value at May 31, 2013
Credit Suisse Securities (USA) LLC+		(6.00	)%*	—	$	293,488
Credit Suisse Securities (USA) LLC+		(2.50	)%*	—		1,071,289
Credit Suisse Securities (USA) LLC+		(1.88	)%*	—		547,983
Credit Suisse Securities (USA) LLC+		(1.50	)%*	—		301,526
Credit Suisse Securities (USA) LLC+		(1.25	)%*	—		277,261
Credit Suisse Securities (USA) LLC+		(0.50	)%*	—		1,002,220
Credit Suisse Securities (USA) LLC+		(0.38	)%*	—		2,144,807
Credit Suisse Securities (USA) LLC+		(0.25	)%*	—		803,224
Credit Suisse Securities (USA) LLC+		(0.15	)%*	—		981,822
Credit Suisse Securities (USA) LLC+		(0.05	)%*	—		645,148
Credit Suisse Securities (USA) LLC+		0.00	%	—		2,862,226
Deutsche Bank Securities, Inc.+		0.00	%	—		1,260,000
ING+		(4.00	)%*	—		943,426
					$	13,134,420

+ The reverse repurchase agreement matures on demand. Interest rate resets daily and the rate shown is the rate in effect on May 31, 2013

* Interest payment due from counterparty.

(a) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At May 31, 2013, the aggregate market value of these securities amounted to $136,545,627 or 35.4% of net assets.

(b) Position, or a portion thereof, has been segregated to collateralize reverse repurchase agreements. The market value of the collateral amounted to $13,311,560.

(c) Floating Rate Security. Stated interest rate was in effect at May 31, 2013.

(d) Variable rate coupon, rate shown as of May 31, 2013.

(e) Fair valued by the Adviser.

(f) Illiquid security.

(g) Non-income producing security.

(h) Security is in default and is non-income producing.

(i) Pay-In-Kind Payments (PIK).

(j) This position or a portion of this position represents an unsettled loan purchase. At May 31, 2013, the market value and unrealized gain of these unsettled loan purchases amounted to $1,900,446 and $13,321, respectively. The coupon rate will be determined at the time of settlement and will be based upon the London-Interbank Offered Rate (“LIBOR”) plus a premium which was determined at the time of purchase.

(k) Position, or a portion thereof, has been segregated to collateralize OTC derivatives outstanding. The aggregate market value of these securities amounted to $2,887,079.

(l) One contract relates to 100 shares.

(m) One contract relates to 1 share.

(n) Investment in affiliated money market mutual fund. The rate shown represents the 7-day yield as of period end.

(o) As of May 31, 2013, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $27,917,484 and gross unrealized depreciation of investments was $(4,143,048), resulting in net unrealized appreciation of $23,774,436.

(p) An amount of U.S. $232,579 has been segregated to collateralize margin requirements for the open futures contracts at May 31, 2013.

Currency Abbreviations:
AUD	-	Australian Dollar
CAD	-	Canadian Dollar
EUR	-	Euro
GBP	-	Great British Pound
JPY	-	Japanese Yen
MXN	-	Mexican Peso
NOK	-	Norwegian Krone
USD	-	United States Dollar
Glossary:
CBT	-	Chicago Board of Trade
CDX-EM	-	Emerging Market Credit Default Swap Index
CDX-NAHY	-	North American High Yield Credit Default Swap Index
CDX-NAIG	-	North American Investment Grade Credit Default Swap Index
CMBS	-	Commercial Mortgage-Backed Securities
GO	-	General Obligation
JSFC	-	Joint Stock Financial Corporation
LIBOR	-	London Interbank Offered Rates
REIT	-	Real Estate Investment Trust

AllianceBernstein Pooling Portfolios

High-Yield Portfolio

May 31, 2013 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which is then discounted to calculate fair values. If these inputs are unobservable and significant to the fair value, these investments will be classified as Level 3. In addition, non-agency rated investments are classified as Level 3.

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.

Options and warrants are valued using market-based inputs to models, broker or dealer quotations, or alternative pricing sources with reasonable levels of price transparency, where such inputs and models are available. Alternatively the values may be obtained through unobservable management determined inputs and/or management’s proprietary models. Where models are used, the selection of a particular model to value an option or a warrant depends upon the contractual terms of, and specific risks inherent in, the option or warrant as well as the availability of pricing information in the market. Valuation models require a variety of inputs, including contractual terms, market prices, measures of volatility and correlations of such inputs. Exchange traded options will be classified as Level 2. For options or warrants that do not trade on exchange but trade in liquid markets, inputs can generally be verified and model selection does not involve significant management judgment. Options and warrants are classified within Level 2 on the fair value hierarchy when all of the significant inputs can be corroborated to market evidence. Otherwise such instruments are classified as Level 3.

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.

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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of May 31, 2013:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Corporates - Non-Investment Grades

$

1,811,958

$

269,654,143

$

515,130

^

$

271,981,231

Corporates - Investment Grades

– 0

–

20,812,457

– 0

–

20,812,457

Bank Loans

– 0

–

– 0

–

16,617,158

16,617,158

Collateralized Mortgage Obligations

– 0

–

– 0

–

12,885,294

12,885,294

Emerging Markets - Corporate Bonds

– 0

–

9,470,710

394,088

9,864,798

Commercial Mortgage-Backed Securities

– 0

–

– 0

–

8,751,625

8,751,625

Governments - Treasuries

– 0

–

7,914,912

– 0

–

7,914,912

Common Stocks

5,928,953

– 0

–

1,240,536

7,169,489

Emerging Markets - Sovereigns

– 0

–

5,667,745

– 0

–

5,667,745

Preferred Stocks

4,055,561

1,029,731

– 0

–

5,085,292

Quasi-Sovereigns

– 0

–

4,192,517

– 0

–

4,192,517

Asset-Backed Securities

– 0

–

– 0

–

2,848,312

2,848,312

Local Governments - Municipal Bonds

– 0

–

1,490,718

– 0

–

1,490,718

Governments - Sovereign Bonds

– 0

–

1,282,220

– 0

–

1,282,220

Options Purchased - Puts

– 0

–

644,394

– 0

–

644,394

Governments - Sovereign Agencies

– 0

–

519,461

– 0

–

519,461

Options Purchased - Calls

– 0

–

499,893

– 0

–

499,893

Warrants

– 0

–

– 0

–

– 0

–^

– 0

–

Short-Term Investments

10,199,968

– 0

–

– 0

–

10,199,968

Total Investments in Securities

21,996,440

323,178,901

43,252,143

388,427,484

Other Financial Instruments* :

Assets:

Futures Contracts

201,689

– 0

–

– 0

–

201,689

Forward Currency Exchange Contracts

– 0

–

207,847

– 0

–

207,847

Interest Rate Swap Contracts

– 0

–

932,418

– 0

–

932,418

Credit Default Swap Contracts

– 0

–

3,915,823

– 0

–

3,915,823

Total Return Swap Contracts

– 0

–

13,761

– 0

–

13,761

Dividend Swap Contracts

– 0

–

79,658

– 0

–

79,658

Liabilities:

Futures Contracts

(127,054

)

– 0

–

– 0

–

(127,054

)

Forward Currency Exchange Contracts

– 0

–

(137,723

)

– 0

–

(137,723

)

Call Options Written

– 0

–

(35,685

)

– 0

–

(35,685

)

Credit Default Swaptions Written

– 0

–

(157,421

)

– 0

–

(157,421

)

Interest Rate Swap Contracts

– 0

–

(198,451

)

– 0

–

(198,451

)

Credit Default Swap Contracts

– 0

–

(1,884,058

)

– 0

–

(1,884,058

)

Total+

$

22,071,075

$

325,915,070

$

43,252,143

$

391,238,288

^ The Portfolio held securities with zero market value at period end.

* Other financial instruments are derivative instruments, such as futures, forwards and swap contracts, which are valued at the unrealized appreciation/depreciation on the instrument.

+ There were no transfers between Level 1 and Level 2 during the reporting period.

The Portfolio recognizes all transfers between levels of the fair value hierarchy assuming the financial instruments were transferred at the beginning of the reporting period.

Following is a reconciliation of investments in which significant unobservable inputs (Level 3) were used in determining fair value.

	Corporates - Non- Investment  Grades^			Corporates - Investment Grades			Bank Loans
Balance as of 8/31/12	$	1,233,762		$	759,615		$	10,958,957
Accrued discounts/(premiums)		(51,765	)		– 0	–		115,002
Realized gain (loss)		60,861			– 0	–		(2,902,346	)
Change in unrealized appreciation/depreciation		252,952			– 0	–		3,386,987
Purchases		294,000			– 0	–		11,800,596
Sales		(1,381,281	)		– 0	–		(6,742,038	)
Transfers in to Level 3		106,601			– 0	–		– 0	–
Transfers out of Level 3		– 0	–		(759,615	)		– 0	–
Balance as of 5/31/13+	$	515,130		$	– 0	–	$	16,617,158
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	48,304		$	– 0	–	$	515,965

	Collateralized Mortgage Obligations			Emerging Markets - Corporate Bonds			Commercial Mortgage- Backed Securities
Balance as of 8/31/12	$	3,181,707		$	428,143		$	6,982,910
Accrued discounts/(premiums)		60,277			(733	)		34,978
Realized gain (loss)		255,699			(417	)		530,872
Change in unrealized appreciation/depreciation		900,318			(3,962	)		55,249
Purchases		9,354,559			– 0	–		5,602,650
Sales		(867,266	)		(28,943	)		(4,455,034	)
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–		– 0	–
Balance as of 5/31/13	$	12,885,294		$	394,088		$	8,751,625
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	900,318		$	(3,962	)	$	380,226
	Common Stocks			Asset-Backed Securities			Warrants^
Balance as of 8/31/12	$	1,134,891		$	4,611,998		$	– 0	–
Accrued discounts/(premiums)		– 0	–		53,948			– 0	–
Realized gain (loss)		– 0	–		450,063			– 0	–
Change in unrealized appreciation/depreciation		(93,254	)		438,091			– 0	–
Purchases		198,900			– 0	–		– 0	–
Sales		– 0	–		(2,705,788	)		– 0	–
Transfers in to Level 3		– 0	–		– 0	–		– 0	–
Transfers out of Level 3		(1	)		– 0	–		– 0	–
Balance as of 5/31/13+	$	1,240,536		$	2,848,312		$	– 0	–
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	(93,254	)	$	320,290		$	– 0	–
	Unfunded Loan Commitments			Total
Balance as of 8/31/12	$	(105,188	)	$	29,186,795
Accrued discounts/(premiums)		– 0	–		211,707
Realized gain (loss)		74,858			(1,530,410	)
Change in unrealized appreciation/depreciation		– 0	–		4,936,381
Purchases		– 0	–		27,250,705
Sales		30,330			(16,150,020	)
Transfers in to Level 3		– 0	–		106,601
Transfers out of Level 3		– 0	–		(759,616	)
Balance as of 5/31/13	$	– 0	–	$	43,252,143
Net change in unrealized appreciation/depreciation from Investments held as of 5/31/13	$	– 0	–	$	2,067,887

^ The Portfolio held securities with zero market value at period end.

+ There were de minimis transfers under 1% of net assets during the reporting period.

The following presents information about significant unobservable inputs related to the Portfolio with material categories of Level 3 investments at May 31, 2013:

Quantitative Information about Level 3 Fair Value Measurements

	Fair Value at 5/31/13		Valuation Technique	Unobservable Input	Range/ Weighted Average
Corporates - Non-Investment Grades	$	515,129	Third Party Vendor	Evaluated Quotes	$1.25 - $107.75/ $93.12
	$	1.00	Qualitative Assessment		$0.00
Bank Loans	$	16,617,158	Third Party Vendor	Evaluated Quotes	$89.83 - $130.38/ $100.71
Collateralized Mortgage Obligations	$	12,885,294	Third Party Vendor	Evaluated Quotes	$49.38 - $92.53/ $80.89
Emerging Markets - Corporate Bonds	$	394,088	Third Party Vendor	Evaluated Quotes	$106.21
Commercial Mortgage-Backed Securities	$	8,751,625	Third Party Vendor	Evaluated Quotes	$95.49 - $108.24/ $100.75
Common Stocks	$	1,240,536	Indicative Market Quotations		$0.87 - $78.00/ $8.99
Asset-Backed Securities	$	2,848,312	Third Party Vendor	Evaluated Quotes	$64.14 - $97.35/ $86.42
Warrants	$	0.00	Qualitative Assessment		$0.00

The Adviser has established a Valuation Committee (the “Committee”) which is responsible for overseeing the pricing and valuation of all securities held in the Portfolio. The Committee operates under pricing and valuation policies and procedures established by the Adviser and approved by the Board, including pricing policies which set forth the mechanisms and processes to be employed on a daily basis to implement these policies and procedures. In particular, the pricing policies describe how to determine market quotations for securities and other instruments. The Committee’s responsibilities include: 1) fair value and liquidity determinations (and oversight of any third parties to whom any responsibility for fair value and liquidity determinations is delegated), and 2) regular monitoring of the Adviser’s pricing and valuation policies and procedures and modification or enhancement of these policies and procedures (or recommendation of the modification of these policies and procedures) as the Committee believes appropriate.

The Committee is also responsible for monitoring the implementation of the pricing policies by the Adviser’s Pricing Group (the “Pricing Group”) and a third party which performs certain pricing functions in accordance with the pricing policies. The Pricing Group is responsible for the oversight of the third party on a day-to-day basis. The Committee and the Pricing Group perform a series of activities to provide reasonable assurance of the accuracy of prices including: 1) periodic vendor due diligence meetings, review of methodologies, new developments and process at vendors, 2) daily compare of security valuation versus prior day for all securities that exceeded established thresholds, and 3) daily review of unpriced, stale, and variance reports with exceptions reviewed by senior management and the Committee.

In addition, several processes outside of the pricing process are used to monitor valuation issues including: 1) performance and performance attribution reports are monitored for anomalous impacts based upon benchmark performance, and 2) portfolio managers review all portfolios for performance and analytics (which are generated using the Adviser’s prices).

ITEM 2. CONTROLS AND PROCEDURES.

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended) are effective at the reasonable assurance level based on their evaluation of these controls and procedures as of a date within 90 days of the filing date of this document.

(b) There were no changes in the registrant’s internal controls over financial reporting that occurred during the second fiscal quarter of the period that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

ITEM 3. EXHIBITS.

The following exhibits are attached to this Form N-Q:

EXHIBIT NO.	DESCRIPTION OF EXHIBIT
3 (a) (1)	Certification of Principal Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
3 (a) (2)	Certification of Principal Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant): The AllianceBernstein Pooling Portfolios

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	July 22, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	July 22, 2013
By:	/s/    Joseph J. Mantineo
	Joseph J. Mantineo
	Treasurer and Chief Financial Officer
Date:	July 22, 2013