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: 811-01716

AB CAP FUND, INC.

(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: March 31, 2018

Date of reporting period: June 30, 2017

ITEM 1. SCHEDULE OF INVESTMENTS.

AB Emerging Markets Multi-Asset Portfolio

Portfolio of Investments

June 30, 2017 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 60.1%
Financials - 21.3%
Banks - 17.2%
Agricultural Bank of China Ltd.-Class H (a)		1,220,000	$	576,595
Banca Transilvania SA (a)		805,900		542,160
Bangkok Bank PCL		9,500		55,093
Bangkok Bank PCL (NVDR)		20,400		111,012
Bank of China Ltd.-Class H (a)		1,910,000		936,601
Bank of Communications Co., Ltd.-Class H		70,000		49,383
China Construction Bank Corp.-Class H		764,000		594,122
China Everbright Bank Co., Ltd.-Class H		662,000		309,353
Chongqing Rural Commercial Bank Co., Ltd.-Class H		1,050,000		708,145
DGB Financial Group, Inc.		55,640		573,631
Hana Financial Group, Inc.		33,840		1,336,426
HDFC Bank Ltd. (ADR)		3,760		327,007
HSBC Holdings PLC		48,000		445,939
Industrial & Commercial Bank of China Ltd.-Class H (a)		2,042,000		1,378,110
Industrial Bank of Korea		71,660		891,851
Itausa - Investimentos Itau SA		110		287
Itausa - Investimentos Itau SA (Preference Shares)		203,827		554,958
KB Financial Group, Inc.		25,390		1,281,947
OTP Bank PLC		14,200		475,266
Shinhan Financial Group Co., Ltd.		9,950		429,295
Turkiye Halk Bankasi AS		46,680		174,456
Turkiye Is Bankasi - Class C		397,190		841,048
Woori Bank		84,440		1,360,235
				13,952,920
Capital Markets - 1.5%
China Everbright Ltd.		180,000		391,483
Meritz Securities Co., Ltd.		111,890		495,276
NH Investment & Securities Co., Ltd.		26,230		340,333
				1,227,092
Consumer Finance - 0.3%
Samsung Card Co., Ltd.		5,520		188,605
Diversified Financial Services - 1.9%
Fubon Financial Holding Co., Ltd. (a)		120,000		190,958
Power Finance Corp., Ltd.		292,070		556,265
Rural Electrification Corp. Ltd.		303,680		807,065
				1,554,288
Insurance - 0.4%
Dongbu Insurance Co., Ltd.		620		36,846
Powszechny Zaklad Ubezpieczen SA		25,570		307,649
				344,495
				17,267,400
Information Technology - 12.8%
Electronic Equipment, Instruments & Components - 5.0%
Hon Hai Precision Industry Co., Ltd.		233,415		897,245
Innolux Corp.		970,000		506,453
Kingboard Chemical Holdings Ltd.		381,500		1,518,656

Company	Shares		U.S. $ Value
Tripod Technology Corp.		297,000	$	946,022
WPG Holdings Ltd.		103,000		137,405
Zhen Ding Technology Holding Ltd.		20,000		47,355
				4,053,136
Internet Software & Services - 0.5%
NetEase, Inc. (ADR)		1,000		300,630
Tencent Holdings Ltd.		3,900		139,912
				440,542
Semiconductors & Semiconductor Equipment - 2.7%
Hua Hong Semiconductor Ltd. (b)		205,000		278,052
Hyundai Robotics Co., Ltd. (a)		182		61,481
Novatek Microelectronics Corp.		221,000		892,397
Realtek Semiconductor Corp.		47,000		169,051
Taiwan Semiconductor Manufacturing Co., Ltd.		55,000		375,772
Vanguard International Semiconductor Corp. (a)		27,000		53,233
Winbond Electronics Corp.		525,000		314,540
				2,144,526
Technology Hardware, Storage & Peripherals - 4.6%
Asustek Computer, Inc.		57,000		538,351
Foxconn Technology Co., Ltd.		104,000		313,674
Lite-On Technology Corp.		106,068		174,103
Pegatron Corp.		205,000		641,283
Quanta Computer, Inc.		120,000		283,862
Samsung Electronics Co., Ltd.		425		885,199
Samsung Electronics Co., Ltd. (Preference Shares)		220		358,710
Wistron Corp.		546,170		555,186
				3,750,368
				10,388,572
Industrials - 9.2%
Airlines - 1.0%
Air Arabia PJSC		1,150,190		318,656
Air China Ltd.-Class H		200,000		206,150
China Southern Airlines Co., Ltd. (a)		310,000		262,001
				786,807
Building Products - 0.8%
Asahi Glass Co., Ltd.		15,000		633,493
Construction & Engineering - 0.2%
Voltas Ltd.		25,749		182,325
Electrical Equipment - 0.3%
Hyundai Electric & Energy System Co., Ltd. (a)		56		15,246
Walsin Lihwa Corp.		554,000		244,200
				259,446
Industrial Conglomerates - 0.2%
Far Eastern New Century Corp.		148,000		120,321
Machinery - 1.9%
Hyundai Construction Equipment Co., Ltd. (a)		54		16,236

Company	Shares		U.S. $ Value
Hyundai Heavy Industries Co., Ltd. (a)		857	$	132,500
Sinotruk Hong Kong Ltd.		460,000		333,748
Yangzijiang Shipbuilding Holdings Ltd.		1,258,000		1,087,074
				1,569,558
Trading Companies & Distributors - 3.7%
Marubeni Corp.		328,600		2,128,886
Sumitomo Corp.		66,400		865,867
				2,994,753
Transportation Infrastructure - 1.1%
Jiangsu Expressway Co., Ltd.-Class H		360,000		507,887
Zhejiang Expressway Co., Ltd.-Class H		320,000		418,000
				925,887
				7,472,590
Energy - 5.1%
Oil, Gas & Consumable Fuels - 5.1%
China Petroleum & Chemical Corp.-Class H		694,000		543,403
Cosan SA Industria e Comercio		37,100		387,249
Gazprom PJSC (Sponsored ADR)		98,380		392,044
LUKOIL PJSC (Sponsored ADR)		24,910		1,215,359
MOL Hungarian Oil & Gas PLC		9,550		750,079
Tatneft PJSC (Sponsored ADR)		16,720		630,356
YPF SA (Sponsored ADR)		9,320		204,108
				4,122,598
Materials - 3.8%
Chemicals - 1.9%
Formosa Chemicals & Fibre Corp.		32,000		100,390
Hyosung Corp.		3,600		527,181
Mitsubishi Gas Chemical Co., Inc.		7,700		163,543
Sinopec Shanghai Petrochemical Co., Ltd.-Class H		1,208,000		646,442
Ube Industries Ltd.		45,000		116,159
				1,553,715
Metals & Mining - 1.9%
Eregli Demir ve Celik Fabrikalari TAS		77,930		156,111
Fortescue Metals Group Ltd.		86,900		347,869
Novolipetsk Steel PJSC (GDR) (b)		11,360		219,687
POSCO		2,440		611,201
Severstal PJSC (GDR) (b)		3,220		42,211
Vedanta Ltd. (ADR)		8,716		135,272
				1,512,351
				3,066,066
Consumer Discretionary - 2.9%
Auto Components - 0.4%
Motherson Sumi Systems Ltd. (a)		44,870		320,318
Automobiles - 0.9%
Dongfeng Motor Group Co., Ltd.-Class H		354,000		418,328
Kia Motors Corp.		8,030		268,168
				686,496

Company	Shares		U.S. $ Value
Diversified Consumer Services - 0.3%
TAL Education Group (ADR)		2,180	$	266,636
Household Durables - 0.5%
Skyworth Digital Holdings Ltd.		688,000		427,171
Media - 0.2%
Sun TV Network Ltd.		14,560		183,983
Textiles, Apparel & Luxury Goods - 0.6%
Luthai Textile Co., Ltd.-Class B		195,586		214,689
Pacific Textiles Holdings Ltd.		205,000		236,530
Pou Chen Corp.		27,000		37,337
				488,556
				2,373,160
Telecommunication Services - 1.8%
Diversified Telecommunication Services - 1.7%
China Communications Services Corp. Ltd.-Class H		1,138,000		655,520
China Telecom Corp., Ltd.-Class H		182,000		86,425
China Unicom Hong Kong Ltd. (a)		40,000		59,375
Chunghwa Telecom Co., Ltd.		34,000		120,615
Jasmine Broadband Internet Infrastructure Fund		595,900		196,470
KT Corp. (Sponsored ADR)		16,660		277,222
				1,395,627
Wireless Telecommunication Services - 0.1%
China Mobile Ltd.		10,500		111,319
				1,506,946
Utilities - 1.7%
Electric Utilities - 0.5%
Cia Energetica de Minas Gerais (Preference Shares)		157,000		382,915
Korea Electric Power Corp.		1,520		54,203
				437,118
Independent Power and Renewable Electricity Producers - 1.2%
Datang International Power Generation Co., Ltd.-Class H		864,000		275,456
Huadian Power International Corp., Ltd.-Class H (a)		1,024,000		457,666
Huaneng Power International, Inc.-Class H		112,000		77,775
NHPC Ltd.		265,743		129,262
				940,159
				1,377,277
Real Estate - 0.8%
Real Estate Management & Development - 0.8%
Aldar Properties PJSC		221,990		138,534
CIFI Holdings Group Co., Ltd.		968,000		430,511
Wharf Holdings Ltd. (The)		9,000		74,472
				643,517

Company	Shares		U.S. $ Value
Consumer Staples - 0.6%
Food Products - 0.2%
Uni-President Enterprises Corp.		78,000	$	156,338
Tobacco - 0.4%
ITC Ltd.		67,520		337,086
				493,424
Health Care - 0.1%
Pharmaceuticals - 0.1%
Richter Gedeon Nyrt		2,240		58,561
Total Common Stocks (cost $43,934,396)				48,770,111
	Principal Amount (000)
FIXED INCOME SECURITIES - 26.2%
Sovereign Bonds - 12.8%
Argentine Republic Government International Bond
5.625%, 1/26/22	U.S.$	240		246,000
6.875%, 1/26/27		205		212,380
7.50%, 4/22/26		664		715,460
Bahrain Government International Bond
7.00%, 10/12/28 (b)		200		202,000
Dominican Republic International Bond
5.875%, 4/18/24 (b)		225		237,937
Ecuador Government International Bond
9.65%, 12/13/26 (b)		400		401,500
Egypt Government International Bond
6.125%, 1/31/22 (b)		200		204,250
El Salvador Government International Bond
6.375%, 1/18/27 (b)		49		44,161
7.65%, 6/15/35 (b)		76		71,250
8.625%, 2/28/29 (b)		139		144,386
Ethiopia International Bond
6.625%, 12/11/24 (b)		203		200,463
Hungary Government International Bond
5.75%, 11/22/23		146		167,170
Indonesia Government International Bond
3.375%, 4/15/23 (b)		644		647,220
Ivory Coast Government International Bond
5.75%, 12/31/32 (b)		125		120,275
6.125%, 6/15/33		200		192,500
Jamaica Government International Bond
8.00%, 3/15/39		108		127,305
Kazakhstan Government International Bond
4.875%, 10/14/44 (b)		200		197,000
Lebanon Government International Bond
8.25%, 4/12/21 (b)		78		84,143
Series E
6.10%, 10/04/22 (b)		216		216,270

Company	Principal Amount (000)		U.S. $ Value
Mexico Government International Bond
4.00%, 10/02/23	U.S.$	72	$	75,420
4.125%, 1/21/26		286		297,297
4.75%, 3/08/44		300		300,300
Panama Government International Bond
4.00%, 9/22/24		200		209,500
Perusahaan Penerbit SBSN Indonesia III
4.35%, 9/10/24 (b)		200		208,750
Peruvian Government International Bond
4.125%, 8/25/27		78		84,825
Republic of Angola Via Northern Lights III BV
7.00%, 8/17/19 (b)		141		144,316
Republic of Azerbaijan International Bond
4.75%, 3/18/24 (b)		200		200,000
Republic of South Africa Government International Bond
4.665%, 1/17/24		115		116,438
5.50%, 3/09/20		128		135,520
5.875%, 9/16/25		200		215,500
Russian Foreign Bond - Eurobond
4.875%, 9/16/23 (b)		400		429,500
5.00%, 4/29/20 (b)		100		106,000
5.625%, 4/04/42 (b)		200		216,400
Senegal Government International Bond
6.25%, 5/23/33 (b)		200		202,500
Sri Lanka Government International Bond
6.25%, 7/27/21 (b)		200		211,750
Tanzania Government International Bond
7.421% (LIBOR 6 Month + 6.00%), 3/09/20 (b)(c)		133		139,833
Trinidad & Tobago Government International Bond
4.50%, 8/04/26 (b)		200		195,250
Turkey Government International Bond
3.25%, 3/23/23		230		215,855
4.875%, 10/09/26-4/16/43		400		374,494
5.75%, 5/11/47		200		195,500
6.00%, 3/25/27		272		289,680
7.00%, 6/05/20		95		103,906
7.375%, 2/05/25		193		223,639
Ukraine Government International Bond
7.75%, 9/01/22-9/01/24 (b)		864		859,802
Uruguay Government International Bond
4.375%, 10/27/27		18		19,349
5.10%, 6/18/50		43		43,806
Venezuela Government International Bond
9.00%, 5/07/23 (b)		143		63,591

Company	Principal Amount (000)		U.S. $ Value
9.25%, 5/07/28 (b)	U.S.$	88	$	39,117
Total Sovereign Bonds (cost $10,204,466)				10,349,508
Treasury Bonds - 3.0%
Colombian TES
Series B
7.00%, 5/04/22	COP	545,100		186,753
10.00%, 7/24/24		454,000		181,035
Mexican Bonos
Series M
6.50%, 6/10/21	MXN	8,961		492,262
8.00%, 6/11/20		2,194		125,427
Peru Government Bond
6.35%, 8/12/28	PEN	170		55,640
6.95%, 8/12/31		386		131,133
Peruvian Government International Bond
6.35%, 8/12/28 (b)		709		232,050
Republic of South Africa Government Bond
Series 2030
8.00%, 1/31/30	ZAR	747		51,637
Series 2048
8.75%, 2/28/48		5,184		353,476
Series R 186
10.50%, 12/21/26		4,286		363,341
Uruguay Government International Bond
9.875%, 6/20/22 (b)	UYU	6,815		246,748
Total Treasury Bonds (cost $2,309,926)				2,419,502
Quasi-Sovereign Bonds - 2.8%
China Development Bank
2.625%, 1/24/22 (b)	U.S.$	200		198,500
Magyar Export-Import Bank Zrt
4.00%, 1/30/20 (b)		200		206,500
Petroleos de Venezuela SA
6.00%, 11/15/26 (b)		154		56,287
9.00%, 11/17/21 (b)		128		62,617
Petroleos Mexicanos
4.25%, 1/15/25		48		46,680
4.878% (LIBOR 3 Month + 3.65%), 3/11/22 (b)(c)		405		437,248
5.50%, 6/27/44		62		54,498
5.625%, 1/23/46		44		39,006
6.75%, 9/21/47		254		256,192
6.875%, 8/04/26		297		329,640
State Grid Overseas Investment 2016 Ltd.
2.75%, 5/04/22 (b)		200		199,000
Trade & Development Bank of Mongolia LLC
9.375%, 5/19/20 (b)		200		212,000

Company	Principal Amount (000)		U.S. $ Value
Trinidad Generation UnLtd.
5.25%, 11/04/27 (b)	U.S.$	200	$	199,000
Total Quasi-Sovereign Bonds (cost $2,218,530)				2,297,168
Emerging Markets - Treasuries - 2.3%
Argentine Bonos del Tesoro
15.50%, 10/17/26	ARS	444		29,710
16.00%, 10/17/23		1,322		85,571
18.20%, 10/03/21		2,737		174,375
21.20%, 9/19/18		1,230		74,337
Brazil Notas do Tesouro Nacional
Series F
10.00%, 1/01/21-1/01/25	BRL	2,310		684,997
Dominican Republic International Bond
16.00%, 7/10/20 (d)	DOP	7,100		172,838
Sri Lanka Government Bonds
Series A
10.75%, 3/01/21	LKR	15,000		96,204
11.50%, 8/01/26		49,000		319,452
Turkey Government Bond
8.00%, 3/12/25	TRY	880		220,285
Total Emerging Markets - Treasuries (cost $1,804,696)				1,857,769
Inflation-Linked Securities - 2.3%
Brazil Notas do Tesouro Nacional
Series B
6.00%, 8/15/22-8/15/50	BRL	451		423,233
Mexican Udibonos
Series S
4.00%, 6/13/19	MXN	2,848		159,486
U.S. Treasury Inflation Index
0.375%, 1/15/27 (TIPS)	U.S.$	1,297		1,274,633
Total Inflation-Linked Securities (cost $1,873,211)				1,857,352
Corporate Bonds - 2.3%
Banco do Brasil SA/Cayman
9.00%, 6/18/24 (b)(e)		200		202,000
Ecopetrol SA
5.875%, 9/18/23		365		398,580
Housing Development Finance Corp., Ltd.
Series G
7.875%, 8/21/19 (b)	INR	10,000		157,103
Indiabulls Housing Finance Ltd.
8.567%, 10/15/19 (b)		10,000		152,740
Minerva Luxembourg SA
6.50%, 9/20/26 (b)	U.S.$	200		194,750
Odebrecht Finance Ltd.
7.125%, 6/26/42 (b)		200		80,500
Petrobras Global Finance BV
6.125%, 1/17/22		35		36,095
6.25%, 3/17/24		128		130,243
6.85%, 6/05/15		23		20,310

Company	Principal Amount (000)		U.S. $ Value
8.75%, 5/23/26	U.S.$	52	$	59,742
Tonon Luxembourg SA
9.25%, 1/24/20 (a)(d)(f)(g)		285		11,399
Unifin Financiera SAB de CV SOFOM
ENR
7.00%, 1/15/25 (b)		200		196,750
Virgolino de Oliveira Finance SA
11.75%, 2/09/22 (a)(d)(f)		202		15,150
VM Holding SA
5.375%, 5/04/27 (b)		200		201,940
Total Corporate Bonds (cost $2,218,032)				1,857,302
Regional Bonds - 0.7%
Provincia de Buenos Aires/Argentina
5.75%, 6/15/19 (b)		150		154,500
9.125%, 3/16/24 (b)		150		169,125
Provincia de Cordoba
7.125%, 6/10/21 (b)		150		158,625
Provincia de Neuquen Argentina
7.50%, 4/27/25 (b)		68		69,360
Total Regional Bonds (cost $533,102)				551,610
Total Fixed Income (cost $21,161,963)				21,190,211
	Shares
INVESTMENT COMPANIES - 0.7%
Funds and Investment Trusts - 0.7% (h)
iShares MSCI Brazil Capped ETF		7,330		250,246
VFMVN30 ETF Fund (a)		516,760		285,568
Total Investment Companies (cost $459,242)				535,814
SHORT-TERM INVESTMENTS - 8.4%
Investment Companies - 7.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.79% (h)(i) (cost $6,166,374)		6,166,374		6,166,374
	Principal Amount (000)
Time Deposits - 0.4%
BBH, Grand Cayman
(0.567)%, 7/03/17	EUR	3		2,950
0.01%, 7/03/17	SGD	5		3,697
0.05%, 7/04/17	CAD	1		597
0.05%, 7/03/17	GBP	1		1,678
0.073%, 7/03/17	NOK	2		206
0.418%, 7/03/17	AUD	7		5,258
5.75%, 7/03/17	ZAR	250		19,107

Company	Principal Amount (000)		U.S. $ Value
BNP Paribas, Paris
0.005%, 7/03/17	HKD	410	$	52,533
Sumitomo, Tokyo
(0.26)%, 7/03/17	JPY	4,385		38,984
0.58%, 7/03/17	U.S.$	214		214,409
Total Time Deposits (cost $340,073)				339,419
Sovereign Bonds - 0.3%
HSBC Bank PLC, Zero Coupon, 11/02/17 (b) (cost $291,968)	EGP	5,575		287,826
Treasury Bonds - 0.1%
Nigeria Treasury Bill Series 364D, 0.01%, 07/20/17 (cost $47,945)	NGN	15,193		47,972
Total Short-Term Investments (cost $6,846,360)				6,841,591
Total Investments - 95.4% (cost $72,401,961) (j)				77,337,727
Other assets less liabilities - 4.6%				3,733,021
Net Assets - 100.0%			$	81,070,748

FUTURES

Type	Number of Contracts		Expiration Month		Original Value		Value at June 30, 2017		Unrealized Appreciation/ (Depreciation)
Purchased Contracts
FTSE China A50		72		July 2017	$	821,718	$	818,113	$	(3,605	)
Mini MSCI Emerging Markets Index Futures		159		September 2017		7,965,525		8,018,764		53,239
U.S. T-Note 10 Yr (CBT) Futures		12		September 2017		1,509,094		1,506,375		(2,719	)
U.S. T-Note 5 Yr (CBT) Futures		14		September 2017		1,653,375		1,649,703		(3,672	)
U.S. Ultra Bond (CBT) Futures		13		September 2017		2,125,687		2,156,375		30,688
									$	73,931

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Australia and New Zealand Banking Group Ltd.		USD	87		CNH	598		9/15/17	$	255
Australia and New Zealand Banking Group Ltd.		USD	2,372		CNY	16,219		9/15/17		9,314
Bank of America, NA		BRL	2,072		USD	619		7/05/17		(6,280	)
Bank of America, NA		BRL	7,278		USD	2,202		7/05/17		4,682

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		USD	2,825		BRL	9,350		7/05/17	$	(2,556	)
Bank of America, NA		COP	1,229,772		USD	399		9/15/17		(359	)
Bank of America, NA		KRW	2,379,907		USD	2,104		9/15/17		23,788
Bank of America, NA		PHP	14,599		USD	288		9/15/17		385
Bank of America, NA		USD	1,374		INR	89,220		9/15/17		(4,618	)
Bank of America, NA		USD	725		RUB	42,149		9/15/17		(21,222	)
Bank of America, NA		USD	733		TRY	2,672		9/15/17		10,740
Bank of America, NA		USD	384		TWD	11,706		9/15/17		1,112
Barclays Bank PLC		MYR	2,625		USD	609		7/05/17		(2,885	)
Barclays Bank PLC		USD	86		MYR	367		7/14/17		(877	)
Barclays Bank PLC		USD	608		MYR	2,625		7/21/17		1,473
Barclays Bank PLC		USD	385		MYR	1,660		7/28/17		377
Barclays Bank PLC		PHP	56,991		USD	1,136		9/15/17		14,020
Barclays Bank PLC		TWD	16,693		USD	550		9/15/17		398
Barclays Bank PLC		USD	79		INR	5,221		9/15/17		901
Barclays Bank PLC		USD	750		ZAR	10,020		9/15/17		6,447
Brown Brothers Harriman & Co.		AUD	510		USD	378		9/15/17		(13,178	)
Brown Brothers Harriman & Co.		CAD	513		USD	380		9/15/17		(15,597	)
Brown Brothers Harriman & Co.		CHF	353		USD	353		9/15/17		(17,208	)
Brown Brothers Harriman & Co.		CZK	8,410		USD	361		9/15/17		(8,424	)
Brown Brothers Harriman & Co.		MXN	13,226		USD	708		9/15/17		(12,692	)
Brown Brothers Harriman & Co.		PLN	1,368		USD	367		9/15/17		(1,663	)
Brown Brothers Harriman & Co.		THB	2,603		USD	77		9/15/17		(61	)
Brown Brothers Harriman & Co.		USD	386		CAD	513		9/15/17		10,309
Brown Brothers Harriman & Co.		USD	279		MXN	5,222		9/15/17		5,045
Brown Brothers Harriman & Co.		USD	734		PLN	2,783		9/15/17		17,035
Brown Brothers Harriman & Co.		USD	751		THB	25,579		9/15/17		2,445
Brown Brothers Harriman & Co.		USD	409		TRY	1,468		9/15/17		(855	)
Brown Brothers Harriman & Co.		USD	68		ZAR	933		9/15/17		2,603
Brown Brothers Harriman & Co.		ZAR	9,924		USD	764		9/15/17		14,446
Citibank, NA		BRL	1,105		USD	345		7/05/17		11,287
Citibank, NA		USD	334		BRL	1,105		7/05/17		(474	)
Citibank, NA		CLP	754,261		USD	1,123		9/15/17		(10,628	)
Citibank, NA		COP	1,257,085		USD	409		9/15/17		230
Citibank, NA		HUF	204,719		USD	750		9/15/17		(9,129	)
Citibank, NA		IDR	11,446,009		USD	853		9/15/17		1,232
Citibank, NA		PEN	1,244		USD	377		9/15/17		(3,000	)
Citibank, NA		USD	1,482		ARS	24,810		9/15/17		(45,507	)
Citibank, NA		USD	349		CLP	233,616		9/15/17		1,775
Deutsche Bank AG		BRL	3,395		USD	1,015		7/05/17		(10,138	)
Deutsche Bank AG		USD	1,026		BRL	3,395		7/05/17		(1,456	)
Deutsche Bank AG		USD	1,002		BRL	3,395		9/05/17		9,172
Goldman Sachs Bank USA		INR	25,460		USD	391		9/15/17		534
HSBC Bank USA		CNH	748		USD	109		9/15/17		(786	)
JPMorgan Chase Bank, NA		USD	617		MYR	2,625		7/05/17		(5,774	)
JPMorgan Chase Bank, NA		NGN	15,193		USD	39		8/21/17		(6,773	)
JPMorgan Chase Bank, NA		USD	417		BRL	1,401		9/05/17		(59	)
JPMorgan Chase Bank, NA		CZK	13,748		USD	587		9/15/17		(17,647	)
JPMorgan Chase Bank, NA		INR	96,147		USD	1,471		9/15/17		(4,164	)
JPMorgan Chase Bank, NA		USD	75		ARS	1,250		9/15/17		(2,398	)
JPMorgan Chase Bank, NA		USD	750		HUF	204,719		9/15/17		9,444
JPMorgan Chase Bank, NA		USD	738		IDR	9,894,141		9/15/17		(1,285	)
JPMorgan Chase Bank, NA		USD	761		TWD	22,856		9/15/17		(9,189	)
Standard Chartered Bank		USD	1,876		CNY	12,838		9/15/17		8,961

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
UBS AG		CHF	915		USD	948		9/15/17	$	(10,796	)
UBS AG		USD	1,419		MXN	26,236		9/15/17		9,934
									$	(69,334	)

CENTRALLY CLEARED INTEREST RATE SWAPS

						Rate Type
Clearing Broker /(Exchange)	Notional Amount (000)			Termination Date		Payments made by the Fund		Payments received by the Fund		Unrealized Appreciation/ (Depreciation)
Morgan Stanley & Co., LLC/(CME Group)		BRL	2,620		1/02/19		9.180%		CDI	$	(2,539	)
Morgan Stanley & Co., LLC/(CME Group)			2,617		1/02/19		9.235%		CDI		(3,059	)
Morgan Stanley & Co., LLC/(CME Group)		MXN	1,911		6/22/20		4 Week TIIE		6.770%		72
Morgan Stanley & Co., LLC/(CME Group)		BRL	1,064		1/04/21		CDI		10.165%		1,885
Morgan Stanley & Co., LLC/(CME Group)			1,062		1/04/21		CDI		10.215%		2,267
Morgan Stanley & Co., LLC/(CME Group)		$	271		10/11/26		1.612%		3 Month LIBOR		14,573
Morgan Stanley & Co., LLC/(CME Group)		MXN	701		6/14/27		7.090%		4 Week TIIE		202
										$	13,401

CREDIT DEFAULT SWAPS

Swap Counterparty & Referenced Obligation	Fixed Rate (Pay) Receive			Implied Credit Spread at June 30, 2017			Notional Amount (000)		Market Value		Upfront Premiums Paid (Received)		Unrealized Appreciation/ (Depreciation)
Buy Contracts
Goldman Sachs International
Brazilian Government Bond, 4.25% 1/7/25, 6/20/22*		(1.00	)%		2.38	%	$	415	$	25,944	$	33,711	$	(7,767	)
Brazilian Government Bond, 4.25% 1/7/25, 6/20/22*		(1.00	)		2.38			246		15,378		19,779		(4,401	)
JPMorgan Chase Bank, NA
Brazilian Government Bond, 4.25% 1/7/25, 6/20/22*		(1.00	)		2.38			47		2,938		3,760		(822	)
									$	44,260	$	57,250	$	(12,990	)

* Termination date

VARIANCE SWAPS

Swap Counterparty & Referenced Obligation	Volatility Strike Price		Notional Amount (000)			Market Value			Upfront Premiums (Paid) Received			Unrealized Appreciation/ (Depreciation)
Bank of America, NA iShares MSCI Emerging Markets ETF 12/15/17*	$	21.05		USD	428	$	(110,128	)	$	– 0	–	$	(110,128	)
Bank of America, NA iShares MSCI Emerging Markets ETF 12/15/17*		21.70			441		(128,957	)		– 0	–		(128,957	)
Deutsche Bank AG iShares MSCI Emerging Markets ETF 7/21/17*		15.85			74		(11,711	)		– 0	–		11,711
												$	(227,374	)

* Termination date

(a) Non-income producing security.

(b) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2017, the aggregate market value of these securities amounted to $10,402,783 or 12.8% of net assets.

(c) Floating Rate Security. Stated interest/floor rate was in effect at June 30, 2017.

(d) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities, which represent 0.24% of net assets as of June 30, 2017, are considered illiquid and restricted. Additional information regarding such securities follows:

144A/Restricted & Illiquid Securities	Acquisition Date		Cost		Market Value		Percentage of Net Assets
Dominican Republic International Bond
16.00%, 7/10/20		9/11/12	$	199,866	$	172,838		0.21	%
Tonon Luxembourg SA
9.25%, 1/24/20		6/28/13		272,560		11,399		0.01	%
Virgolino de Oliveira Finance SA
11.75%, 2/09/22		7/12/13		172,628		15,150		0.02	%

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

(f) Defaulted.

(g) Pay-In-Kind Payments (PIK). The issuer may pay cash interest and/or interest in additional debt securities. Rates shown are the rates in effect at June 30, 2017.

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

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

(j) As of June 30, 2017, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $6,438,140 and gross unrealized depreciation of investments was $(1,502,374), resulting in net unrealized appreciation of $4,935,766.

Currency Abbreviations:

ARS	-	Argentine Peso
AUD	-	Australian Dollar

BRL	-	Brazilian Real
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
CLP	-	Chilean Peso
CNH	-	Chinese Yuan Renminbi (Offshore)
CNY	-	Chinese Yuan Renminbi
COP	-	Colombian Peso
CZK	-	Czech Koruna
DOP	-	Dominican Peso
EGP	-	Egyptian Pound
EUR	-	Euro
GBP	-	Great British Pound
HKD	-	Hong Kong Dollar
HUF	-	Hungarian Forint
IDR	-	Indonesian Rupiah
INR	-	Indian Rupee
JPY	-	Japanese Yen
KRW	-	South Korean Won
LKR	-	Sri Lankan Rupee
MXN	-	Mexican Peso
MYR	-	Malaysian Ringgit
NGN	-	Nigerian Naira
NOK	-	Norwegian Krone
PEN	-	Peruvian Sol
PHP	-	Philippine Peso
PLN	-	Polish Zloty
RUB	-	Russian Ruble
SGD	-	Singapore Dollar
THB	-	Thailand Baht
TRY	-	Turkish Lira
TWD	-	New Taiwan Dollar
USD	-	United States Dollar
UYU	-	Uruguayan Peso
ZAR	-	South African Rand

Glossary:

ADR	-	American Depositary Receipt
CBT	-	Chicago Board of Trade
CDI	-	Brazil CETIP Interbank Deposit Rate
CME	-	Chicago Mercantile Exchange
ETF	-	Exchange Traded Fund
FTSE	-	Financial Times Stock Exchange
GDR	-	Global Depositary Receipt
LIBOR	-	London Interbank Offered Rates
MSCI	-	Morgan Stanley Capital International
NVDR	-	Non Voting Depositary Receipt
PJSC	-	Public Joint Stock Company
TIIE	-	Banco de México Equilibrium Interbank Interest Rate
TIPS	-	Treasury Inflation Protected Security

COUNTRY BREAKDOWN (1)

June 30, 2017 (unaudited)

19.8%	China
13.1%	South Korea
10.1%	Taiwan
5.1%	Japan
4.3%	India
4.2%	Russia
4.1%	Brazil
3.6%	Mexico
3.6%	Turkey
3.0%	Argentina
2.1%	Hungary
2.0%	United States
1.6%	South Africa
14.6%	Other
8.8%	Short-Term
100.0%	Total Investments

⁽¹⁾  All data are as of June 30, 2017. The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 1.1% or less in the following countries: Angola, Australia, Azerbaijan, Bahrain, Chile, Colombia, Dominican Republic, Ecuador, Egypt, El Salvador, Ethiopia, Hong Kong, Indonesia, Ivory Coast, Jamaica, Kazakhstan, Lebanon, Mongolia, Panama, Peru, Poland, Romania, Senegal, Sri Lanka, Thailand, Trinidad & Tobago, Ukraine, United Arab Emirates, United Kingdom, United Republic of Tanzania, Uruguay, Venezuela and Vietnam.

AB Emerging Markets Multi Asset Portfolio

June 30, 2017 (unaudited)

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

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

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

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

The fair value of debt instruments, such as bonds, and over-the-counter derivatives is generally based on market price quotations, recently executed market transactions (where observable) or industry recognized modeling techniques and are generally classified as Level 2. Pricing vendor inputs to Level 2 valuations may include quoted prices for similar investments in active markets, interest rate curves, coupon rates, currency rates, yield curves, option adjusted spreads, default rates, credit spreads and other unique security features in order to estimate the relevant cash flows which 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, 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 Fund’s investments by the above fair value hierarchy levels as of June 30, 2017:

Investments in Securities	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Financials	$	1,479,505		$	15,787,895		$	– 0	–	$	17,267,400
Information Technology		362,111			10,026,461			– 0	–		10,388,572
Industrials		31,482			7,441,108			– 0	–		7,472,590
Energy		2,198,760			1,923,838			– 0	–		4,122,598
Materials		135,272			2,930,794			– 0	–		3,066,066
Consumer Discretionary		481,325			1,891,835			– 0	–		2,373,160
Telecommunication Services		277,222			1,229,724			– 0	–		1,506,946
Utilities		382,915			994,362			– 0	–		1,377,277
Real Estate		– 0	–		643,517			– 0	–		643,517
Consumer Staples		– 0	–		493,424			– 0	–		493,424
Health Care		– 0	–		58,561			– 0	–		58,561
Fixed Income Securities:
Sovereign Bonds		– 0	–		10,349,508			– 0	–		10,349,508
Treasury Bonds		– 0	–		2,419,502			– 0	–		2,419,502
Quasi-Sovereign Bonds		– 0	–		2,297,168			– 0	–		2,297,168
Emerging Markets - Treasuries		– 0	–		1,857,769			– 0	–		1,857,769
Inflation-Linked Securities		– 0	–		1,857,352			– 0	–		1,857,352
Corporate Bonds		– 0	–		1,536,060			321,242			1,857,302
Regional Bonds		– 0	–		551,610			– 0	–		551,610
Investment Companies		250,246			285,568			– 0	–		535,814
Short-Term Investments:
Investment Companies		6,166,374			– 0	–		– 0	–		6,166,374
Time Deposits		– 0	–		339,419			– 0	–		339,419
Sovereign Bonds		– 0	–		287,826			– 0	–		287,826
Treasury Bonds		– 0	–		47,972			– 0	–		47,972
Total Investments in Securities		11,765,212			65,251,273	†		321,242			77,337,727
Other Financial Instruments*:
Assets
Futures		30,688			53,239			– 0	–		83,927
Forward Currency Exchange Contracts		– 0	–		178,344			– 0	–		178,344
Centrally Cleared Interest Rate Swaps		– 0	–		18,999			– 0	–		18,999
Variance Swaps		– 0	–		11,711			– 0	–		11,711
Liabilities
Futures		(6,391	)		(3,605	)		– 0	–		(9,996	)
Forward Currency Exchange Contracts		– 0	–		(247,678	)		– 0	–		(247,678	)
Centrally Cleared Interest Rate Swaps		– 0	–		(5,598	)		– 0	–		(5,598	)
Credit Default Swaps		– 0	–		(12,990	)		– 0	–		(12,990	)
Variance Swaps		– 0	–		(239,085	)		– 0	–		(239,085	)
Total^	$	11,789,509		$	65,004,610		$	321,242		$	77,115,361

† A significant portion of the Fund’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 swaps, which are valued at the unrealized appreciation/depreciation on the instrument.

^ There were de minimis transfers from Level 2 to Level 1 due to the above mentioned foreign equity fair valuation using third party vendor modeling tools during the reporting period. There were no transfers from Level 1 to Level 2 during the reporting period.

The Fund recognizes all transfers between levels of the fair value hierarchy assuming the financial instrument was 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.

	Corporate Bonds			Totals
Balance as of 3/31/17	$	182,267		$	182,267
Accrued discounts/(premiums)		202			202
Realized gain (loss)		– 0	–		– 0	–
Change in unrealized appreciation/depreciation		(18,569	)		(18,569	)
Purchases		157,342			157,342
Sales		– 0	–		– 0	–
Transfers into Level 3		– 0	–		– 0	–
Transfers out of Level 3		– 0	–		– 0	–
Balance as of 6/30/17	$	321,242		$	321,242	+
Net change in unrealized appreciation/depreciation from investments held as of 6/30/17	$	(18,569	)	$	(18,569	)

+ There were no transfers into or out of Level 3 during the reporting period.

The Adviser established the Valuation Committee (the “Committee”) to oversee the pricing and valuation of all securities held in the Fund. 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 any 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 comparison 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).

A summary of the Fund’s transactions in shares of the AB Fixed-Income Shares, Inc. — Government Money Market Portfolio for the three months ended June 30, 2017 is as follows:

Market Value March 31, 2017 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value June 30, 2017 (000)		Dividend Income (000)
$	9,352	$	9,390	$	12,576	$	6,166	$	11

A summary of the Fund’s investments of cash collateral for securities loaned transactions is as follows:

AB Fixed-Income Shares, Inc. - Government Money Market Portfolio

Market Value March 31, 2017 (000)			Purchases at Cost (000)		Sales Proceeds (000)		Market Value June 30, 2017 (000)			Dividend Income (000)
$	– 0	–	$	416	$	416	$	– 0	–	$	0	*

* Amount is less than $500.

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): AB Cap Fund, Inc.

By:	/s/    Robert M. Keith
	Robert M. Keith
	President
Date:	August 22, 2017

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:	August 22, 2017
By:	/s/    Joseph J. Mantineo
	Joseph J. Mantineo
	Treasurer and Chief Financial Officer
Date:	August 22, 2017