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: November 30, 2017

Date of reporting period: August 31, 2017

ITEM 1. SCHEDULE OF INVESTMENTS.

AB Cap Fund, Inc.

AB All Market Income Portfolio

Portfolio of Investments

August 31, 2017 (unaudited)

Company	Shares		U.S. $ Value
INVESTMENT COMPANIES - 55.4%
Funds and Investment Trusts - 55.4% (a)
AB High Income Fund, Inc. - Class Z (b)		4,447,058	$	39,890,107
iShares Mortgage Real Estate Capped ETF		27,433		1,291,820
JPMorgan Alerian MLP Index ETN (c)		105,786		2,978,934
PowerShares KBW High Dividend Yield Financial Portfolio		49,825		1,159,428
PowerShares KBW Premium Yield Equity REIT Portfolio		21,804		796,064
Total Investment Companies (cost $45,937,922)				46,116,353
COMMON STOCKS - 29.0%
Information Technology - 5.3%
Communications Equipment - 0.3%
Cisco Systems, Inc. (d)		5,427		174,803
Telefonaktiebolaget LM Ericsson - Class B		8,689		50,957
				225,760
Electronic Equipment, Instruments & Components - 0.1%
Corning, Inc.		930		26,747
Hitachi Ltd.		13,000		89,487
				116,234
Internet Software & Services - 0.4%
Alphabet, Inc. - Class A (e)		50		47,762
Alphabet, Inc. - Class C (e)		95		89,237
Facebook, Inc. - Class A (e)		600		103,182
Moneysupermarket.com Group PLC		12,500		51,680
				291,861
IT Services - 1.1%
Amadeus IT Group SA - Class A		1,000		62,081
Amdocs Ltd.		485		31,423
Booz Allen Hamilton Holding Corp.		1,732		59,079
Capgemini SE		475		52,660
DXC Technology Co.		1,160		98,600
Fidelity National Information Services, Inc. (d)		615		57,146
Fujitsu Ltd.		6,000		44,477
Leidos Holdings, Inc.		2,920		170,294
Mastercard, Inc. - Class A		253		33,725
Otsuka Corp.		700		46,395
Paychex, Inc. (d)		1,803		102,825
Total System Services, Inc.		1,060		73,267
Vantiv, Inc. - Class A (e)		545		38,526
Western Union Co. (The) - Class W		4,320		81,734
				952,232
Semiconductors & Semiconductor Equipment - 0.6%
Applied Materials, Inc.		1,450		65,424
Intel Corp.		5,065		177,629
Marvell Technology Group Ltd.		5,880		105,311
Maxim Integrated Products, Inc.		2,109		98,406
STMicroelectronics NV		1,290		22,436
Texas Instruments, Inc.		712		58,968
				528,174

Company	Shares		U.S. $ Value
Software - 1.8%
CA, Inc.		4,740	$	157,273
Check Point Software Technologies Ltd. (e)		590		66,003
Intuit, Inc.		810		114,575
Microsoft Corp. (d)		6,253		467,536
Nice Ltd.		688		53,958
Oracle Corp.		5,390		271,279
Oracle Corp. Japan		1,300		96,230
Red Hat, Inc. (e)		1,030		110,725
Symantec Corp.		3,328		99,774
Trend Micro, Inc./Japan		900		41,657
				1,479,010
Technology Hardware, Storage & Peripherals - 1.0%
Apple, Inc. (d)		3,821		626,644
Konica Minolta, Inc.		7,000		55,866
Logitech International SA		900		32,071
Seagate Technology PLC		1,273		40,138
Western Digital Corp.		780		68,851
				823,570
				4,416,841
Financials - 4.8%
Banks - 2.3%
Australia & New Zealand Banking Group Ltd.		4,989		116,787
Bank of America Corp.		1,100		26,279
BNP Paribas SA		1,799		136,774
BOC Hong Kong Holdings Ltd.		19,000		97,071
DBS Group Holdings Ltd.		2,400		36,566
DNB ASA		2,040		39,846
HSBC Holdings PLC		24,778		240,216
JPMorgan Chase & Co.		2,813		255,674
Mitsubishi UFJ Financial Group, Inc.		9,500		57,889
National Australia Bank Ltd.		1,310		31,495
Nordea Bank AB		11,161		150,268
Oversea-Chinese Banking Corp. Ltd.		11,700		96,512
People’s United Financial, Inc.		5,485		91,599
Royal Bank of Canada		2,817		209,073
Sumitomo Mitsui Financial Group, Inc.		3,100		115,423
Swedbank AB - Class A		4,080		110,360
Toronto-Dominion Bank (The)		1,130		60,683
Wells Fargo & Co.		670		34,217
				1,906,732
Capital Markets - 0.7%
CI Financial Corp.		3,660		80,132
CME Group, Inc. - Class A		962		121,019
IG Group Holdings PLC		2,210		18,456
IGM Financial, Inc.		1,788		58,548
Morgan Stanley		2,710		123,305
Nomura Holdings, Inc.		13,700		76,226
Partners Group Holding AG		36		23,354
State Street Corp.		670		61,968
Thomson Reuters Corp.		1,145		52,356
				615,364

Company	Shares		U.S. $ Value
Consumer Finance - 0.2%
Capital One Financial Corp.		1,390	$	110,658
Provident Financial PLC (c)		1,340		15,318
				125,976
Diversified Financial Services - 0.1%
AMP Ltd.		11,791		47,903
Insurance - 1.5%
Allianz SE (REG)		669		143,384
American International Group, Inc.		2,790		168,739
Aon PLC		231		32,146
CNP Assurances		1,362		31,613
Direct Line Insurance Group PLC		26,740		131,413
Euler Hermes Group		135		16,030
FNF Group		1,750		84,420
Insurance Australia Group Ltd.		14,090		71,904
Japan Post Holdings Co., Ltd.		3,200		39,736
Mapfre SA		25,800		91,467
Marsh & McLennan Cos., Inc. (d)		1,213		94,711
Progressive Corp. (The)		2,340		108,763
Prudential Financial, Inc.		630		64,310
Tryg A/S		1,700		39,329
UnipolSai Assicurazioni SpA		23,010		52,291
Zurich Insurance Group AG		380		113,733
				1,283,989
				3,979,964
Consumer Discretionary - 4.4%
Auto Components - 0.2%
Bridgestone Corp.		2,500		107,250
Nokian Renkaat Oyj		1,685		71,240
				178,490
Automobiles - 0.3%
Bayerische Motoren Werke AG		1,133		105,361
Toyota Motor Corp.		3,000		168,913
				274,274
Distributors - 0.1%
Genuine Parts Co.		892		73,884
PALTAC Corp.		700		27,757
				101,641
Hotels, Restaurants & Leisure - 1.2%
Aristocrat Leisure Ltd.		8,080		136,057
Crown Resorts Ltd.		17,280		159,585
Darden Restaurants, Inc.		460		37,761
Galaxy Entertainment Group Ltd.		21,000		132,319
Las Vegas Sands Corp.		1,990		123,798
McDonald’s Corp.		1,232		197,083
Wyndham Worldwide Corp.		241		24,023
Wynn Macau Ltd.		41,200		90,798
Yum! Brands, Inc.		1,435		110,237
				1,011,661

Company	Shares		U.S. $ Value
Household Durables - 0.4%
Berkeley Group Holdings PLC		2,180	$	105,629
Garmin Ltd.		1,657		85,335
Helen of Troy Ltd. (e)		337		30,431
Sekisui House Ltd.		5,700		98,688
				320,083
Internet & Direct Marketing Retail - 0.3%
Amazon.com, Inc. (e)		110		107,866
Expedia, Inc.		410		60,828
Netflix, Inc. (e)		450		78,619
				247,313
Leisure Products - 0.2%
Hasbro, Inc.		310		30,457
Mattel, Inc.		1,430		23,195
Sankyo Co., Ltd.		4,200		137,153
				190,805
Media - 0.9%
Comcast Corp. - Class A		1,410		57,260
ITV PLC		75,100		154,253
Lagardere SCA		2,980		95,801
Omnicom Group, Inc.		2,529		183,049
Regal Entertainment Group - Class A		1,160		17,133
Vivendi SA		7,580		173,893
WPP PLC		1,055		19,240
				700,629
Multiline Retail - 0.2%
Harvey Norman Holdings Ltd. (c)		18,336		59,579
J Front Retailing Co., Ltd. (c)		3,300		46,046
Next PLC		780		41,686
				147,311
Specialty Retail - 0.3%
Best Buy Co., Inc.		1,807		98,048
Home Depot, Inc. (The) (d)		325		48,708
L Brands, Inc.		820		29,700
Ross Stores, Inc. (d)		553		32,323
TJX Cos., Inc. (The)		560		40,488
				249,267
Textiles, Apparel & Luxury Goods - 0.3%
Coach, Inc.		1,660		69,222
HUGO BOSS AG		1,855		157,274
Li & Fung Ltd.		68,000		30,717
Yue Yuen Industrial Holdings Ltd.		5,000		21,689
				278,902
				3,700,376

Company	Shares		U.S. $ Value
Health Care - 2.9%
Biotechnology - 0.7%
AbbVie, Inc. (d)		2,162	$	162,799
Amgen, Inc.		660		117,328
Celgene Corp. (e)		1,080		150,044
Gilead Sciences, Inc.		750		62,783
Regeneron Pharmaceuticals, Inc. (e)		190		94,411
				587,365
Health Care Equipment & Supplies - 0.1%
Cochlear Ltd.		970		120,820
Health Care Providers & Services - 0.4%
Aetna, Inc.		340		53,618
Anthem, Inc. (d)		346		67,830
Humana, Inc.		360		92,743
McKesson Corp.		190		28,369
UnitedHealth Group, Inc.		416		82,742
				325,302
Pharmaceuticals - 1.7%
AstraZeneca PLC		1,130		66,249
Bristol-Myers Squibb Co.		2,353		142,309
GlaxoSmithKline PLC		6,278		124,554
Johnson & Johnson (d)		1,601		211,924
Merck & Co., Inc. (d)		3,851		245,925
Novo Nordisk A/S - Class B		2,160		102,924
Orion Oyj - Class B		1,736		82,194
Pfizer, Inc.		4,555		154,506
Roche Holding AG		835		212,149
Sanofi		513		50,018
				1,392,752
				2,426,239
Industrials - 2.7%
Aerospace & Defense - 0.7%
Arconic, Inc.		1,480		37,696
Boeing Co. (The)		1,113		266,741
Raytheon Co.		528		96,101
TransDigm Group, Inc.		600		156,396
				556,934
Air Freight & Logistics - 0.1%
United Parcel Service, Inc. - Class B		1,007		115,160
Airlines - 0.1%
Qantas Airways Ltd.		10,240		46,610
United Continental Holdings, Inc. (e)		540		33,458
				80,068

Company	Shares		U.S. $ Value
Commercial Services & Supplies - 0.1%
G4S PLC		7,280	$	26,667
Republic Services, Inc. - Class A		315		20,551
				47,218
Construction & Engineering - 0.2%
ACS Actividades de Construccion y Servicios SA		1,960		74,193
Bouygues SA		1,675		75,984
				150,177
Electrical Equipment - 0.1%
Emerson Electric Co.		1,865		110,110
Industrial Conglomerates - 0.3%
General Electric Co.		5,248		128,838
Siemens AG (REG)		1,060		138,764
				267,602
Machinery - 0.3%
Caterpillar, Inc.		1,158		136,054
Fortive Corp.		1,620		105,251
				241,305
Professional Services - 0.2%
Equifax, Inc.		292		41,601
Intertek Group PLC		109		7,212
Randstad Holding NV		983		57,472
RELX NV		3,650		76,650
Wolters Kluwer NV		640		27,961
				210,896
Road & Rail - 0.2%
Central Japan Railway Co.		200		33,911
MTR Corp., Ltd.		17,500		102,429
				136,340
Trading Companies & Distributors - 0.3%
ITOCHU Corp.		6,800		111,041
Sumitomo Corp.		7,600		107,652
				218,693
Transportation Infrastructure - 0.1%
Aena SA (f)		282		55,161
Macquarie Infrastructure Corp.		840		62,563
				117,724
				2,252,227
Energy - 2.1%
Energy Equipment & Services - 0.1%
Helmerich & Payne, Inc. (c)		855		36,201
Schlumberger Ltd.		300		19,053
				55,254

Company	Shares		U.S. $ Value
Oil, Gas & Consumable Fuels - 2.0%
BP PLC		18,687	$	107,943
Caltex Australia Ltd.		2,560		68,083
Chevron Corp. (d)		1,257		135,278
Enagas SA		3,480		102,655
Exxon Mobil Corp.		2,100		160,293
Marathon Petroleum Corp.		1,950		102,278
Occidental Petroleum Corp.		1,758		104,953
OMV AG		1,760		101,252
Peyto Exploration & Development Corp.		4,690		80,486
Royal Dutch Shell PLC - Class A		4,907		135,231
Royal Dutch Shell PLC - Class B		2,970		82,894
Statoil ASA		4,929		93,276
Targa Resources Corp.		2,400		106,968
TOTAL SA		781		40,524
TransCanada Corp.		2,241		113,795
Valero Energy Corp.		1,020		69,462
Veresen, Inc.		6,520		91,841
				1,697,212
				1,752,466
Consumer Staples - 2.1%
Beverages - 0.1%
Diageo PLC		680		22,745
PepsiCo, Inc.		820		94,898
				117,643
Food & Staples Retailing - 0.3%
Casino Guichard Perrachon SA		1,500		85,259
Costco Wholesale Corp.		330		51,724
CVS Health Corp.		615		47,564
Jean Coutu Group PJC, Inc. (The) - Class A		1,660		29,604
				214,151
Food Products - 0.2%
General Mills, Inc.		730		38,880
Nestle SA (REG)		480		40,692
Salmar ASA		1,310		37,985
Sanderson Farms, Inc.		170		25,078
Tyson Foods, Inc. - Class A		555		35,132
				177,767
Household Products - 0.5%
Kimberly-Clark Corp.		872		107,509
Procter & Gamble Co. (The)		2,681		247,376
Reckitt Benckiser Group PLC		454		43,052
				397,937
Personal Products - 0.2%
Unilever NV		2,420		144,073
Tobacco - 0.8%
Altria Group, Inc. (d)		1,988		126,039
British American Tobacco PLC		1,205		75,174
Philip Morris International, Inc. (d)		2,559		299,224
Swedish Match AB		4,622		164,906
				665,343
				1,716,914

Company	Shares		U.S. $ Value
Real Estate - 1.3%
Equity Real Estate Investment Trusts (REITs) - 0.9%
Ascendas Real Estate Investment Trust		26,500	$	52,025
AvalonBay Communities, Inc.		320		60,073
Equity Residential		2,535		170,225
Extra Space Storage, Inc.		717		55,661
HCP, Inc.		3,143		93,693
Host Hotels & Resorts, Inc.		3,090		55,991
Iron Mountain, Inc.		1,790		70,562
Liberty Property Trust		1,790		76,254
National Retail Properties, Inc.		1,620		67,764
Simon Property Group, Inc.		327		51,290
				753,538
Real Estate Management & Development - 0.4%
Daito Trust Construction Co., Ltd.		600		106,315
Global Logistic Properties Ltd.		21,000		50,222
Kerry Properties Ltd.		36,000		142,897
				299,434
				1,052,972
Telecommunication Services - 1.2%
Diversified Telecommunication Services - 1.0%
AT&T, Inc. (d)		5,649		211,611
BCE, Inc.		2,091		99,531
Bezeq The Israeli Telecommunication Corp., Ltd.		25,834		38,059
BT Group PLC		16,220		61,268
HKT Trust & HKT Ltd. - Class SS		48,000		62,072
Nippon Telegraph & Telephone Corp.		1,300		64,720
Telstra Corp., Ltd.		30,760		89,767
Verizon Communications, Inc. (d)		4,066		195,046
				822,074
Wireless Telecommunication Services - 0.2%
Tele2 AB - Class B		7,920		92,228
Vodafone Group PLC		32,824		93,932
				186,160
				1,008,234
Materials - 1.1%
Chemicals - 0.7%
Agrium, Inc. (Toronto)		624		61,203
Air Products & Chemicals, Inc.		640		93,037
Covestro AG (f)		1,081		85,022
Croda International PLC		665		33,071
Kuraray Co., Ltd.		2,700		51,296
Monsanto Co.		1,020		119,544
Orica Ltd.		1,640		26,617
Praxair, Inc.		829		109,047
Sherwin-Williams Co. (The) (d)		128		43,427
				622,264

Company	Shares		U.S. $ Value
Containers & Packaging - 0.2%
Amcor Ltd./Australia		4,620	$	59,340
International Paper Co.		1,211		65,237
Sealed Air Corp.		442		19,616
				144,193
Metals & Mining - 0.2%
BHP Billiton Ltd.		3,357		73,079
Norsk Hydro ASA		10,390		75,016
Rio Tinto PLC		470		22,829
				170,924
				937,381
Utilities - 1.1%
Electric Utilities - 0.6%
EDP - Energias de Portugal SA		6,250		24,029
Endesa SA		5,041		121,800
Enel SpA		20,210		122,440
Fortum Oyj		4,104		73,700
PG&E Corp.		1,643		115,634
Power Assets Holdings Ltd.		4,500		39,699
Tokyo Electric Power Co. Holdings, Inc. (e)		11,300		45,757
				543,059
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp./VA		7,893		87,139
Multi-Utilities - 0.4%
CenterPoint Energy, Inc. (d)		1,936		57,344
Consolidated Edison, Inc.		728		61,349
Engie SA		6,770		113,046
WEC Energy Group, Inc.		950		61,959
				293,698
				923,896
Total Common Stocks (cost $23,502,112)				24,167,510
PREFERRED STOCKS - 6.3%
Real Estate - 6.3%
Diversified REITs - 1.2%
Colony NorthStar, Inc. 7.15%		16,400		419,840
Gladstone Commercial Corp. 7.00%		2,000		51,900
Gramercy Property Trust 7.125%		3,900		104,325
PS Business Parks, Inc. 5.70%		1,800		45,900
PS Business Parks, Inc. 6.00%		2,100		53,382
VEREIT, Inc. 6.70%		5,200		134,316
Vornado Realty Trust 5.40%		4,100		105,534
Vornado Realty Trust Series K 5.70% (c)		4,000		102,280
				1,017,477

Company	Shares		U.S. $ Value
Equity Real Estate Investment Trusts (REITs) - 0.4%
Kimco Realty Corp. 5.125%		5,550	$	137,473
Public Storage 5.05%		2,000		50,300
UMH Properties, Inc. 6.75%		5,600		145,600
				333,373
Health Care REITs - 0.3%
Sabra Health Care REIT, Inc.
Series A
7.125%		4,300		110,596
Senior Housing Properties Trust 6.25%		3,000		80,970
Ventas Realty LP/Ventas Capital Corp. 5.45%		1,500		38,040
				229,606
Hotel & Resort REITs - 0.9%
Ashford Hospitality Trust, Inc. 7.375%		1,000		25,130
Ashford Hospitality Trust, Inc. 7.375%		4,000		100,000
Hersha Hospitality Trust 6.50% (c)		2,300		59,133
Hersha Hospitality Trust 6.875%		3,000		76,800
LaSalle Hotel Properties 6.30%		2,400		60,888
Pebblebrook Hotel Trust 6.375%		800		20,504
Pebblebrook Hotel Trust 6.50%		4,100		104,550
Summit Hotel Properties, Inc. 6.45%		2,450		62,549
Summit Hotel Properties, Inc. 7.875%		1,500		38,145
Sunstone Hotel Investors, Inc. 6.45%		1,425		37,064
Sunstone Hotel Investors, Inc. 6.95%		4,475		120,198
				704,961
Industrial REITs - 0.2%
Monmouth Real Estate Investment Corp. 6.125%		2,300		58,052
Rexford Industrial Realty, Inc. 5.875%		2,400		60,696
STAG Industrial, Inc. 6.625%		3,200		82,464
				201,212

Company	Shares		U.S. $ Value
Office REITs - 0.1%
Boston Properties, Inc. 5.25% (c)		1,500	$	39,150
Digital Realty Trust, Inc. 7.375%		2,000		54,320
				93,470
Real Estate Development - 0.1%
LaSalle Hotel Properties 6.375%		2,450		62,708
Residential REITs - 0.7%
American Homes 4 Rent 6.35%		8,675		230,668
American Homes 4 Rent 6.50%		2,600		70,200
Apartment Investment & Management Co. 6.875%		4,475		120,311
Equity LifeStyle Properties, Inc. 6.75%		3,900		98,904
Sun Communities, Inc. 7.125%		1,300		33,176
				553,259
Retail REITs - 1.4%
CBL & Associates Properties, Inc. 6.625% (c)		1,300		32,474
CBL & Associates Properties, Inc. 7.375% (c)		3,800		92,986
Cedar Realty Trust, Inc. 6.50%		3,050		75,487
DDR Corp. 6.375%		3,200		84,608
DDR Corp. 6.50%		2,800		71,288
DDR Corp.
Series K
6.25%		1,400		35,700
GGP, Inc. 6.375%		1,100		27,830
Kimco Realty Corp.
Series K
5.625%		2,600		65,858
National Retail Properties, Inc. 5.20% (c)		1,900		47,063
National Retail Properties, Inc.
Series E
5.70%		4,525		115,433
Pennsylvania Real Estate Investment Trust 7.375%		2,700		67,581
Retail Properties of America, Inc. 7.00%		3,800		97,090

Company	Shares		U.S. $ Value
Saul Centers, Inc. 6.875%		3,300	$	84,150
Taubman Centers, Inc. 6.25%		2,800		70,728
Taubman Centers, Inc. 6.50%		1,300		32,955
Urstadt Biddle Properties, Inc. 6.75%		1,000		26,350
Urstadt Biddle Properties, Inc. 7.125%		3,875		99,181
Washington Prime Group, Inc. 6.875%		1,600		40,720
Washington Prime Group, Inc. 7.50%		600		15,240
				1,182,722
Specialized REITs - 1.0%
CoreSite Realty Corp. 7.25%		3,350		85,743
Digital Realty Trust, Inc. 5.25%		2,000		49,520
Digital Realty Trust, Inc. 6.35%		6,725		181,709
DuPont Fabros Technology, Inc. 6.625% (c)		3,800		103,930
EPR Properties 6.625%		3,400		86,428
Public Storage 4.90% (c)		8,000		198,400
Public Storage 5.125%		3,500		89,775
Public Storage 5.375% (c)		1,650		41,894
Public Storage
Series W
5.20%		700		17,892
				855,291
Total Preferred Stocks (cost $5,160,734)				5,234,079

	Principal Amount (000)
EMERGING MARKETS - TREASURIES - 2.2%
Argentina - 0.2%
Argentine Bonos del Tesoro
21.20%, 9/19/18	ARS	3,700	211,866
Brazil - 0.7%
Brazil Notas do Tesouro Nacional
Series F
10.00%, 1/01/21	BRL	1,867	608,610
Dominican Republic - 0.6%
Dominican Republic International Bond
16.95%, 2/04/22 (f)	DOP	19,700	517,332

	Principal Amount (000)		U.S. $ Value
Sri Lanka - 0.3%
Sri Lanka Government Bonds
Series A
11.50%, 12/15/21-5/15/23	LKR	32,000	$	217,644
Turkey - 0.4%
Turkey Government Bond
9.40%, 7/08/20	TRY	541		150,539
11.00%, 2/24/27		530		159,218
				309,757
Total Emerging Markets - Treasuries (cost $1,904,947)				1,865,209
EMERGING MARKETS - SOVEREIGNS - 1.7%
Angola - 0.6%
Angolan Government International Bond
9.50%, 11/12/25 (f)	U.S.$	200		214,750
Citigroup Global Markets Holdings, Inc./United States
Series F
Zero Coupon, 3/08/18 (f)	EGP	5,000		258,273
				473,023
Argentina - 0.2%
Argentine Republic Government International Bond
6.875%, 1/26/27	U.S.$	137		147,481
Ecuador - 0.2%
Ecuador Government International Bond
9.65%, 12/13/26 (f)		200		209,750
Ukraine - 0.6%
Ukraine Government International Bond
7.75%, 9/01/20 (f)		501		522,793
Venezuela - 0.1%
Venezuela Government International Bond
9.00%, 5/07/23 (f)		107		38,932
9.25%, 5/07/28 (f)		67		23,810
				62,742
Total Emerging Markets - Sovereigns (cost $1,377,358)				1,415,789
GOVERNMENTS - TREASURIES - 0.6%
Mexico - 0.3%
Mexican Bonos
Series M 20
10.00%, 12/05/24	MXN	3,049		202,008
South Africa - 0.3%
Republic of South Africa Government Bond
Series 2023
7.75%, 2/28/23	ZAR	3,311		253,245

	Principal Amount (000)		U.S. $ Value
Total Governments - Treasuries (cost $447,659)			$	455,253
QUASI-SOVEREIGNS - 0.4%
Quasi-Sovereign Bonds - 0.4%
Venezuela - 0.4%
Petroleos de Venezuela SA
5.50%, 4/12/37 (f)	U.S.$	1,150		346,438
	Shares
SHORT-TERM INVESTMENTS - 3.2%
Investment Companies - 3.2%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.86% (a) (b) (g) (cost $2,640,060)		2,640,060		2,640,060
Total Investments Before Security Lending Collateral for Securities Loaned - 98.8% (cost $81,407,393)				82,240,691
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 4.1%
Investment Companies - 4.1%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.86% (a) (b) (g) (cost $3,367,316)		3,367,316		3,367,316
Total Investments - 102.9% (cost $84,774,709) (h)				85,608,007
Other assets less liabilities - (2.9)%				(2,388,031	)
Net Assets - 100.0%			$	83,219,976

FUTURES

Type	Number of Contracts		Expiration Month		Notional (000)			Original Value		Value at August 31, 2017		Unrealized Apprecation/ (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		15		September 2017	AUD	1,500		$	1,561,794	$	1,534,057	$	(27,737	)
10 Yr Mini Japan Government Bond Futures		4		September 2017	JPY	40,000			547,185		549,816		2,631
Canadian 10 Yr Bond Futures		12		December 2017	CAD	1,200			1,321,633		1,328,528		6,895
FTSE 100 Index Futures		10		September 2017	GBP	0	*		953,770		961,097		7,327
Mini MSCI Emerging Markets Futures		15		September 2017	USD	1			762,016		814,650		52,634
TOPIX Index Futures		6		September 2017	JPY	60			875,420		884,705		9,285
U.S. T-Note 10 Yr (CBT) Futures		2		December 2017	USD	200			253,284		253,969		685

Type	Number of Contracts		Expiration Month		Notional (000)			Original Value		Value at August 31, 2017		Unrealized Apprecation/ (Depreciation)
Sold Contracts
EURO STOXX 50 Index Futures		15		September 2017	EUR	0	*	$	615,225	$	611,415	$	3,810
Mini MSCI EAFE Futures		13		September 2017	USD	1			1,226,608		1,257,620		(31,012	)
Mini S&P TSX 60 Futures		9		September 2017	CAD	0	*		323,700		321,081		2,619
S&P 500 E-Mini Futures		53		September 2017	USD	3			6,484,841		6,545,765		(60,924	)
S&P/TSX 60 Index Futures		7		September 2017	CAD	1			995,434		998,919		(3,485	)
SPI 200 Futures		22		September 2017	AUD	1			2,485,938		2,486,921		(983	)
												$	(38,255	)

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA	USD	176	PEN	576		9/15/17	$	1,908
Bank of America, NA	USD	1,665	INR	108,104		9/15/17		24,232
Barclays Bank PLC	PHP	31,460	USD	632		9/15/17		18,008
Barclays Bank PLC	CNY	9,875	USD	1,445		9/15/17		(51,316	)
Barclays Bank PLC	USD	1,743	IDR	23,438,465		9/15/17		14,083
BNP Paribas SA	NZD	2,020	USD	1,518		9/15/17		67,984
Citibank, NA	COP	298,509	USD	97		9/15/17		(3,699	)
Citibank, NA	KRW	129,024	USD	113		9/15/17		(1,512	)
Citibank, NA	USD	377	CLP	250,759		9/15/17		23,542
Credit Suisse International	CLP	1,261,000	USD	1,879		9/15/17		(136,943	)
Credit Suisse International	SEK	1,789	USD	207		9/15/17		(18,277	)
Credit Suisse International	USD	876	COP	2,589,475		9/15/17		362
Deutsche Bank AG	BRL	1,362	USD	433		9/05/17		103
Deutsche Bank AG	USD	402	BRL	1,362		9/05/17		30,752
Morgan Stanley Capital Services, Inc.	KRW	1,066,160	USD	949		9/15/17		411
Morgan Stanley Capital Services, Inc.	TWD	34,758	USD	1,156		9/15/17		835
Morgan Stanley Capital Services, Inc.	SEK	5,798	USD	668		9/15/17		(61,977	)
Morgan Stanley Capital Services, Inc.	BRL	1,362	USD	408		9/05/17		(24,831	)
Morgan Stanley Capital Services, Inc.	BRL	578	USD	184		9/05/17		44
Morgan Stanley Capital Services, Inc.	PEN	576	USD	174		9/15/17		(3,396	)
Morgan Stanley Capital Services, Inc.	USD	182	BRL	578		9/05/17		1,667
Morgan Stanley Capital Services, Inc.	USD	98	SEK	830		9/15/17		6,763
Morgan Stanley Capital Services, Inc.	USD	852	CAD	1,062		9/15/17		(1,012	)
Morgan Stanley Capital Services, Inc.	USD	1,249	EUR	1,108		9/15/17		70,915
Morgan Stanley Capital Services, Inc.	USD	433	BRL	1,362		9/05/17		(103	)
Morgan Stanley Capital Services, Inc.	USD	909	NOK	7,211		9/15/17		20,565
State Street Bank & Trust Co.	JPY	42,729	USD	380		9/15/17		(8,385	)
State Street Bank & Trust Co.	NOK	7,794	USD	927		9/15/17		(77,681	)
State Street Bank & Trust Co.	CHF	1,094	USD	1,140		9/15/17		(1,643	)
State Street Bank & Trust Co.	AUD	545	USD	436		9/15/17		2,342

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
State Street Bank & Trust Co.	ILS	368	USD	102		9/15/17	$	(476	)
State Street Bank & Trust Co.	GBP	308	USD	397		9/15/17		(1,291	)
State Street Bank & Trust Co.	CAD	195	USD	154		9/15/17		(2,289	)
State Street Bank & Trust Co.	GBP	168	USD	218		9/15/17		1,489
State Street Bank & Trust Co.	AUD	131	USD	104		9/15/17		(391	)
State Street Bank & Trust Co.	NZD	118	USD	86		9/15/17		1,131
State Street Bank & Trust Co.	HKD	115	USD	15		9/15/17		4
State Street Bank & Trust Co.	SGD	91	USD	67		9/15/17		(243	)
State Street Bank & Trust Co.	DKK	61	USD	10		9/15/17		(67	)
State Street Bank & Trust Co.	EUR	120	USD	141		9/15/17		(1,177	)
State Street Bank & Trust Co.	USD	428	EUR	375		9/15/17		18,542
State Street Bank & Trust Co.	USD	44	CHF	43		9/15/17		554
State Street Bank & Trust Co.	USD	5	SGD	7		9/15/17		23
State Street Bank & Trust Co.	USD	19	GBP	15		9/15/17		145
State Street Bank & Trust Co.	USD	13	NOK	101		9/15/17		90
State Street Bank & Trust Co.	USD	9	SEK	76		9/15/17		193
State Street Bank & Trust Co.	USD	20	JPY	2,225		9/15/17		(105	)
State Street Bank & Trust Co.	USD	15	HKD	115		9/15/17		(16	)
State Street Bank & Trust Co.	USD	40	JPY	4,333		10/17/17		(254	)
State Street Bank & Trust Co.	USD	255	GBP	196		9/15/17		(1,103	)
State Street Bank & Trust Co.	USD	180	JPY	19,961		9/15/17		1,985
State Street Bank & Trust Co.	USD	209	CAD	280		9/15/17		15,748
State Street Bank & Trust Co.	USD	788	NZD	1,108		9/15/17		6,780
UBS AG	USD	730	MXN	13,496		9/15/17		23,679
							$	(43,308	)

CALL OPTIONS WRITTEN

Description	Counterparty		Contracts		Exercise Price		Expiration Month		Notional (000)		Premiums Received		U.S. $ Value
S&P 500 Index		Goldman Sachs International		2,000	USD	2,455.00		September 2017	USD	2	$	58,908	$	(48,011	)
Euro STOXX 50 Index		Deutsche Bank AG		390	EUR	3,450.00		September 2017	EUR	0		24,168		(9,604	)
Nikkei 225 Index		Deutsche Bank AG		4,000	JPY	19,500.00		September 2017	JPY	4		8,663		(8,431	)
FTSE 100 Index		Deutsche Bank AG		80	GBP	7,425.00		September 2017	GBP	0		5,192		(5,639	)
											$	96,931	$	(71,685	)

PUT OPTIONS WRITTEN

Description	Counterparty	Contracts		Exercise Price		Expiration Month		Notional (000)		Premiums Received		U.S. $ Value
S&P 500 Index	Goldman Sachs International		2,000	USD	2,455.00		September 2017	USD	2	$	71,000	$	(19,233	)
Euro STOXX 50 Index	Deutsche Bank AG		390	EUR	3,450.00		September 2017	EUR	0		33,948		(23,090	)
Nikkei 225 Index	Deutsche Bank AG		4,000	JPY	19,500.00		September 2017	JPY	4		10,077		(3,118	)
FTSE 100 Index	Deutsche Bank AG		80	GBP	7,425.00		September 2017	GBP	0		6,954		(5,864	)
										$	121,979	$	(51,305	)

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	Payment Frequency Paid/Received	Unrealized Appreciation/ (Depreciation)
Morgan Stanley & Co., LLC/(CME Group)
USD	310		8/21/20	3 Month LIBOR	1.620%	Quarterly/Semi-Annual	$	50
USD	1,050		1/10/22	3 Month LIBOR	1.941%	Quarterly/Semi-Annual		10,319
EUR	990		1/10/22	0.107%	6 Month EURIBOR	Annual/ Semi-Annual		(2,810	)
JPY	5,260		1/14/25	0.478%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(1,289	)
JPY	10,450		2/06/25	0.548%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(3,041	)
USD	310		2/11/25	3 Month LIBOR	2.083%	Quarterly/ Semi-Annual		3,142
CHF	20		9/02/25	0.256%	6 Month LIBOR	Annual/ Semi-Annual		(502	)
CHF	140		10/02/25	0.210%	6 Month LIBOR	Annual/ Semi-Annual		(2,710	)
NZD	210		11/19/25	3 Month BKBM	3.610%	Quarterly/ Semi-Annual		7,978
CHF	170		11/19/25	0.048%	6 Month LIBOR	Annual/ Semi-Annual		(337	)
USD	60		11/19/25	3 Month LIBOR	2.202%	Quarterly/ Semi-Annual		1,320
SEK	80		1/12/26	3 Month STIBOR	1.470%	Quarterly/ Annual		517
NZD	90		2/03/26	3 Month BKBM	3.375%	Quarterly/ Semi-Annual		1,699
JPY	8,540		4/04/26	0.144%	6 Month LIBOR	Semi-Annual/ Semi-Annual		54
USD	100		4/04/26	3 Month LIBOR	1.687%	Quarterly/ Semi-Annual		(2,140	)
CHF	100		6/09/26	0.210%	6 Month LIBOR	Annual/ Semi-Annual		2,744

				Rate Type
Clearing Broker /(Exchange) & Notional Amount (000)		Termination Date		Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/Received	Unrealized Appreciation/ (Depreciation)
USD	40		8/19/26	3 Month LIBOR	1.466%	Quarterly/ Semi-Annual	$	(1,898	)
USD	270		9/26/26	3 Month LIBOR	1.489%	Quarterly/ Semi-Annual		(11,493	)
USD	140		10/11/26	3 Month LIBOR	1.613%	Quarterly/ Semi-Annual		(4,484	)
USD	160		10/13/26	3 Month LIBOR	1.633%	Quarterly/ Semi-Annual		(4,841	)
CHF	250		12/28/26	0.193%	6 Month LIBOR	Annual/ Semi-Annual		(1,785	)
NZD	240		12/28/26	3 Month BKBM	3.580%	Quarterly/ Semi-Annual		7,127
USD	160		12/28/26	3 Month LIBOR	2.491%	Quarterly/ Semi-Annual		6,337
JPY	18,420		12/29/26	0.255%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(1,023	)
USD	310		2/06/27	3 Month LIBOR	2.420%	Quarterly/ Semi-Annual		9,907
USD	640		2/16/27	3 Month LIBOR	2.434%	Quarterly/ Semi-Annual		21,028
USD	420		2/27/27	3 Month LIBOR	2.380%	Quarterly/ Semi-Annual		11,637
GBP	290		2/28/27	1.159%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(2,213	)
JPY	35,680		3/02/27	0.248%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(2,296	)
NZD	480		3/02/27	3 Month BKBM	3.455%	Quarterly/ Semi-Annual		13,658
CHF	350		3/02/27	0.038%	6 Month LIBOR	Annual/ Semi-Annual		3,006
USD	340		3/02/27	3 Month LIBOR	2.355%	Quarterly/ Semi-Annual		11,613
USD	420		3/07/27	3 Month LIBOR	2.490%	Quarterly/ Semi-Annual		19,519
USD	140		3/13/27	3 Month LIBOR	2.580%	Quarterly/ Semi-Annual		7,637
USD	160		3/16/27	3 Month LIBOR	2.590%	Quarterly/ Semi-Annual		8,852
USD	180		3/22/27	3 Month LIBOR	2.488%	Quarterly/ Semi-Annual		8,198
EUR	150		3/24/27	6 Month EURIBOR	0.829%	Semi-Annual/ Annual		2,323
USD	200		3/29/27	3 Month LIBOR	2.365%	Quarterly/ Semi-Annual		6,773
GBP	340		3/30/27	1.187%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(4,756	)
JPY	19,640		4/03/27	0.264%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(1,463	)
NOK	10,190		4/03/27	6 Month NIBOR	1.909%	Semi-Annual/ Annual		12,807
CHF	280		4/03/27	0.133%	6 Month LIBOR	Annual/ Semi-Annual		29
NZD	260		4/03/27	3 Month BKBM	3.410%	Quarterly/ Semi-Annual		6,378
USD	210		4/03/27	3 Month LIBOR	2.428%	Quarterly/ Semi-Annual		8,291
USD	260		4/04/27	3 Month LIBOR	2.421%	Quarterly/ Semi-Annual		10,108

				Rate Type
Clearing Broker /(Exchange) & Notional Amount (000)		Termination Date		Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/Received	Unrealized Appreciation/ (Depreciation)
USD	150		4/07/27	3 Month LIBOR	2.374%	Quarterly/ Semi-Annual	$	5,150
USD	280		4/21/27	3 Month LIBOR	2.197%	Quarterly/ Semi-Annual		4,899
GBP	300		4/25/27	1.131%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(1,745	)
JPY	17,650		4/27/27	0.238%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(852	)
SEK	7,270		4/27/27	3 Month STIBOR	1.108%	Quarterly/ Annual		4,412
NOK	4,090		4/27/27	6 Month NIBOR	1.935%	Semi-Annual/ Annual		5,856
CHF	430		4/27/27	0.150%	6 Month LIBOR	Annual/ Semi-Annual		(328	)
NZD	330		4/27/27	3 Month BKBM	3.370%	Quarterly/ Semi-Annual		7,043
USD	310		4/27/27	3 Month LIBOR	2.326%	Quarterly/ Semi-Annual		9,058
USD	150		4/28/27	3 Month LIBOR	2.330%	Quarterly/ Semi-Annual		4,435
EUR	230		5/05/27	6 Month EURIBOR	0.790%	Semi-Annual/ Annual		1,874
USD	290		5/16/27	3 Month LIBOR	2.278%	Quarterly/ Semi-Annual		6,996
USD	470		5/31/27	3 Month LIBOR	2.225%	Quarterly/ Semi-Annual		8,863
GBP	350		6/02/27	1.146%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(2,228	)
EUR	210		6/02/27	6 Month EURIBOR	0.762%	Semi-Annual/ Annual		491
AUD	640		6/05/27	2.683%	6 Month BBSW	Semi-Annual/ Semi-Annual		4,810
SEK	4,920		6/07/27	3 Month STIBOR	1.015%	Quarterly/ Annual		(4,173	)
USD	360		6/07/27	3 Month LIBOR	2.148%	Quarterly/ Semi-Annual		2,980
NZD	200		6/07/27	3 Month BKBM	3.198%	Quarterly/ Semi-Annual		1,130
USD	450		6/20/27	3 Month LIBOR	2.144%	Quarterly/ Semi-Annual		3,256
USD	290		6/30/27	3 Month LIBOR	2.219%	Quarterly/ Semi-Annual		4,029
USD	170		7/03/27	3 Month LIBOR	2.271%	Quarterly/ Semi-Annual		3,140
USD	240		7/11/27	3 Month LIBOR	2.379%	Quarterly/ Semi-Annual		6,758
CAD	1,520		7/27/27	3 Month CDOR	2.273%	Semi-Annual/ Semi-Annual		15,301
JPY	67,730		7/31/27	0.271%	6 Month LIBOR	Semi-Annual/ Semi-Annual		(4,481	)
EUR	660		7/31/27	0.921%	6 Month EURIBOR	Annual/ Semi-Annual		(11,893	)
CHF	430		7/31/27	0.308%	6 Month LIBOR	Annual/ Semi-Annual		(5,667	)
USD	620		8/08/27	3 Month LIBOR	2.280%	Quarterly/ Semi-Annual		11,203

				Rate Type
Clearing Broker /(Exchange) & Notional Amount (000)		Termination Date		Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/Received	Unrealized Appreciation/ (Depreciation)
USD	220		8/21/45	3 Month LIBOR	2.630%	Quarterly/ Semi-Annual	$	10,920
USD	70		9/04/45	3 Month LIBOR	2.708%	Quarterly/ Semi-Annual		5,330
							$	250,537

INFLATION (CPI) SWAPS

				Rate Type
Clearing Broker /(Exchange) & Notional Amount (000)		Termination Date		Payments made by the Fund	Payments received by the Fund	Payment Frequency Paid/Received	Unrealized Appreciation/ (Depreciation)
Deutsche Bank AG
USD	1,920		10/01/20	1.273%	CPI#	Annual/ Annual	$	38,389
JPMorgan Chase Bank, NA
USD	400		11/10/21	1.896%	CPI#	Annual/ Annual		(36	)
							$	38,353

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

TOTAL RETURN SWAPS

Counterparty & Referenced Obligation	# of Shares or Units		Rate Paid/ Received		Payment Frequency		Notional Amount (000)		Maturity Date		Unrealized Appreciation/ (Depreciation)
Receive Total Return on Reference Obligation
Morgan Stanley Capital Services LLC
MS Global Equity Long Index		178,631		FedFundEffective 55		Maturity	$	18,246		9/29/17	$	32,844
Pay Total Return on Reference Obligation
Bank of America, NA
iShares iBoxx $ High Yield Corporate Bond ETF		2,900,000		LIBOR		Quarterly		2,900		3/20/18		(16,810	)
iShares iBoxx $ High Yield Corporate Bond ETF		5,760,000		LIBOR		Quarterly		5,760		3/20/18		(69,156	)
Citibank, NA
Market Vectors Emerging Mkts Local ETF		134,078		LIBOR Minus 0.40		Maturity		2,538		8/15/15		(62,967	)
iShares iBoxx $ High Yield Corporate Bond ETF		2,830,000		LIBOR		Quarterly		2,830		3/20/18		(19,172	)
iShares iBoxx $ High Yield Corporate Bond ETF		3,910,000		LIBOR		Quarterly		3,910		3/20/18		(35,809	)
Market Vectors Emerging Mkts Local ETF		21,103		LIBOR Minus 0.15%		Maturity		400		6/15/18		(9,149	)
Market Vectors Emerging Mkts Local ETF		18,096		LIBOR Minus 0.15%		Maturity		340		6/15/18		(11,109	)

Counterparty & Referenced Obligation	# of Shares or Units		Rate Paid/ Received		Payment Frequency		Notional Amount (000)		Maturity Date		Unrealized Appreciation/ (Depreciation)
Market Vectors Emerging Mkts Local ETF		22,860		LIBOR Minus 0.15%		Maturity	$	429		6/15/18	$	(13,669	)
Market Vectors Emerging Mkts Local ETF		62,782		LIBOR Minus 0.40		Maturity		1,198		8/15/18		(20,106	)
Goldman Sachs International
iShares iBoxx $ High Yield Corporate Bond ETF		650,000		LIBOR		Quarterly		650		3/20/18		(391	)
iShares iBoxx $ High Yield Corporate Bond ETF		1,370,000		LIBOR		Quarterly		1,370		3/20/18		(13,202	)
JPMorgan Chase Bank, NA
iShares iBoxx $ High Yield Corporate Bond ETF		300,000		LIBOR		Quarterly		300		3/20/18		733
iShares iBoxx $ High Yield Corporate Bond ETF		640,000		LIBOR		Quarterly		640		3/20/18		(5,556	)
iShares iBoxx $ High Yield Corporate Bond ETF		540,000		LIBOR		Quarterly		540		3/20/18		(7,799	)
Morgan Stanley Capital Services LLC
iShares iBoxx $ High Yield Corporate Bond ETF		1,170,000		LIBOR		Quarterly		1,170		3/20/18		(15,543	)
											$	(266,861	)

* Notional amount less than 500.

(a) 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.

(b) Affiliated investments.

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

(d) Position, or a portion thereof, has been segregated to collateralize margin requirements for open futures contracts.

(e) Non-income producing security.

(f) 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 August 31, 2017, the aggregate market value of these securities amounted to $2,272,261 or 2.7% of net assets.

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

(h) As of August 31, 2017, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $2,793,274 and gross unrealized depreciation of investments was $(1,923,590), resulting in net unrealized appreciation of $869,684.

Currency Abbreviations:

ARS	-	Argentine Peso
AUD	-	Australian Dollar
BRL	-	Brazilian Real
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
CLP	-	Chilean Peso
CNY	-	Chinese Yuan Renminbi
COP	-	Colombian Peso
DKK	-	Danish Krone
DOP	-	Dominican Peso
EGP	-	Egyptian Pound

EUR	-	Euro
GBP	-	Great British Pound
HKD	-	Hong Kong Dollar
IDR	-	Indonesian Rupiah
ILS	-	Israeli Shekel
INR	-	Indian Rupee
JPY	-	Japanese Yen
KRW	-	South Korean Won
LKR	-	Sri Lankan Rupee
MXN	-	Mexican Peso
NOK	-	Norwegian Krone
NZD	-	New Zealand Dollar
PEN	-	Peruvian Sol
PHP	-	Philippine Peso
SEK	-	Swedish Krona
SGD	-	Singapore Dollar
TRY	-	Turkish Lira
TWD	-	New Taiwan Dollar
USD	-	United States Dollar
ZAR	-	South African Rand

Glossary:

BBSW	-	Bank Bill Swap Reference Rate (Australia)
BKBM	-	Bank Bill Benchmark (New Zealand)
CBT	-	Chicago Board of Trade
CDOR	-	Canadian Dealer Offered Rate
CME	-	Chicago Mercantile Exchange
EAFE	-	Europe, Australia, and Far East
ETF	-	Exchange Traded Fund
ETN	-	Exchange Traded Note
EURIBOR	-	Euro Interbank Offered Rate
FTSE	-	Financial Times Stock Exchange
LIBOR	-	London Interbank Offered Rates
MSCI	-	Morgan Stanley Capital International
NIBOR	-	Norwegian Interbank Offered Rate
REG	-	Registered Shares
REIT	-	Real Estate Investment Trust
SPI	-	Share Price Index
STIBOR	-	Stockholm Interbank Offered Rate
TOPIX	-	Tokyo Price Index
TSX	-	Toronto Stock Exchange

The following table represents the 50 largest equity basket holdings underlying the total return swap with MS (Morgan Stanley) Global Equity Long Index as of August 31, 2017.

Security Description	Shares		Market Value as of 8/31/17		Percent of Basket’s Net Assets
MS Global Equity Long Index
Royal Dutch Shell PLC		30,512	$	85,087,280		16.2	%
British American Tobacco PLC		12,394		77,325,367		14.7	%
Nice Ltd.		6,937		53,876,427		10.3	%
Moneysupermarket.com Group PLC		129,416		53,803,809		10.3	%

Security Description	Shares		Market Value as of 8/31/17		Percent of Basket’s Net Assets
Reckitt Benckiser Group PLC		5,527	$	52,808,431		10.1	%
Croda International PLC		6,835		33,952,643		6.5	%
Direct Line Insurance Group PLC		65,043		31,987,776		6.1	%
G4S PLC		73,532		27,302,938		5.2	%
WPP PLC		14,132		25,888,075		4.9	%
Diageo PLC		7,037		23,604,235		4.5	%
IG Group Holdings PLC		23,656		19,660,499		3.8	%
Philip Morris International, Inc.		10,290		1,203,266		0.2	%
Oracle Corp.		20,356		1,024,535		0.2	%
Microsoft Corp.		13,401		1,002,018		0.2	%
Apple, Inc.		5,937		973,692		0.2	%
Raytheon Co.		5,276		960,338		0.2	%
Marsh & McLennan Cos, Inc.		12,019		938,447		0.2	%
UnitedHealth Group, Inc.		4,234		842,196		0.2	%
RELX NV		37,163		781,092		0.2	%
FNF Group		15,753		759,907		0.2	%
Aristocrat Leisure Ltd.		44,650		750,986		0.2	%
Anthem, Inc.		3,552		696,355		0.1	%
Oracle Corp. Japan		9,044		668,469		0.1	%
Check Point Software Technologies Ltd.		5,936		664,008		0.1	%
Royal Bank of Canada		8,821		656,259		0.1	%
HKT Trust & HKT Ltd.		499,791		645,184		0.1	%
Amadeus IT Group SA		10,323		642,612		0.1	%
Merck & Co, Inc.		10,012		639,383		0.1	%
Toronto-Dominion Bank (The)		11,699		637,801		0.1	%
Nippon Telegraph & Telephone Corp.		13,104		633,665		0.1	%
Total System Services, Inc.		9,073		627,146		0.1	%
Amcor Ltd./Australia		47,800		615,827		0.1	%
Mitsubishi UFJ Financial Group, Inc.		98,956		606,307		0.1	%
Booz Allen Hamilton Holding Corp.		17,741		605,132		0.1	%
Texas Instruments, Inc.		7,144		591,703		0.1	%
Fidelity National Information Services, Inc.		6,223		578,223		0.1	%
Comcast Corp.		14,191		576,317		0.1	%
Omnicom Group, Inc.		7,890		571,073		0.1	%
Aena SA		2,897		563,745		0.1	%

Security Description	Shares		Market Value as of 8/31/17		Percent of Basket’s Net Assets
Altria Group, Inc.		8,839	$	560,381		0.1	%
Aetna, Inc.		3,468		546,964		0.1	%
Pfizer, Inc.		16,006		542,939		0.1	%
Thomson Reuters Corp.		11,804		536,838		0.1	%
Sherwin-Williams Co (The)		1,571		533,055		0.1	%
Sanofi		5,348		524,758		0.1	%
Covestro AG		6,577		518,649		0.1	%
Qantas Airways Ltd.		111,903		508,204		0.1	%
DNB ASA		25,882		502,659		0.1	%
Home Depot, Inc. (The)		3,336		499,914		0.1	%
HUGO BOSS AG		5,747		490,146		0.1	%
Other		366,900		13,287,774		2.5	%
Total			$	524,805,447		100.0	%

AB Cap Fund, Inc.

AB All Market Income Portfolio

August 31, 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 about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

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

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

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

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

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

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

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of August 31, 2017:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Investment Companies	$	46,116,353		$	– 0	–	$	– 0	–	$	46,116,353
Common Stocks:
Information Technology		3,716,886			699,955			– 0	–		4,416,841
Financials		1,838,600			2,141,364			– 0	–		3,979,964
Consumer Discretionary		1,559,448			2,140,928			– 0	–		3,700,376
Health Care		1,667,331			758,908			– 0	–		2,426,239
Industrials		1,310,520			941,707			– 0	–		2,252,227
Energy		1,020,608			731,858			– 0	–		1,752,466
Consumer Staples		1,103,028			613,886			– 0	–		1,716,914
Real Estate		701,513			351,459			– 0	–		1,052,972
Telecommunication Services		606,319			401,915			– 0	–		1,008,234
Materials		511,111			426,270			– 0	–		937,381
Utilities		383,425			540,471			– 0	–		923,896
Preferred Stocks		5,234,079			– 0	–		– 0	–		5,234,079
Emerging Markets - Treasuries		– 0	–		1,865,209			– 0	–		1,865,209
Emerging Markets - Sovereigns		– 0	–		1,415,789			– 0	–		1,415,789

Investments in Securities:	Level 1			Level 2			Level 3			Total
Governments - Treasuries	$	– 0	–	$	455,253		$	– 0	–	$	455,253
Quasi-Sovereigns		– 0	–		346,438			– 0	–		346,438
Short-Term Investments		2,640,060			– 0	–		– 0	–		2,640,060
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		3,367,316			– 0	–		– 0	–		3,367,316
Total Investments in Securities		71,776,597			13,831,410			– 0	–		85,608,007
Other Financial Instruments (a):
Assets:
Futures		65,464			20,422			– 0	–		85,886
Forward Currency Exchange Contracts		– 0	–		354,879			– 0	–		354,879
Centrally Cleared Interest Rate Swaps		– 0	–		330,985			– 0	–		330,985
Inflation (CPI) Swaps		– 0	–		38,389			– 0	–		38,389
Total Return Swaps		– 0	–		33,577			– 0	–		33,577
Liabilities:
Futures		(123,158	)		(983	)		– 0	–		(124,141	)
Forward Currency Exchange Contracts		– 0	–		(398,187	)		– 0	–		(398,187	)
Call Options Written		– 0	–		(71,685	)		– 0	–		(71,685	)
Put Options Written		– 0	–		(51,305	)		– 0	–		(51,305	)
Centrally Cleared Interest Rate Swaps		– 0	–		(80,448	)		– 0	–		(80,448	)
Inflation (CPI) Swaps		– 0	–		(36	)		– 0	–		(36	)
Total Return Swaps		– 0	–		(300,438	)		– 0	–		(300,438	)
Total (b)	$	71,718,903		$	13,706,580		$	– 0	–	$	85,425,483

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

(b) There were no transfers between any levels during the reporting period.

The Fund 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 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 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).

A summary of the Fund’s transactions in AB mutual funds for the nine months ended August 31, 2017 is as follows:

Fund	Market  Value 11/30/16 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 8/31/17 (000)		Dividend Income (000)
Government Money Market	$	1,099	$	35,371	$	33,830	$	2,640	$	8
Government Money Market*		0		14,738		11,371		3,367		4
Total	$	0	$	0	$	0	$	0	$	0

* Investments of cash collateral for securities lending transactions

AB Cap Fund, Inc.

AB Asia Ex-Japan Equity Portfolio

Portfolio of Investments

August 31, 2017 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 97.9%
Information Technology - 32.1%
Electronic Equipment, Instruments & Components - 8.7%
FIT Hon Teng Ltd. (a)(b)		51,600	$	44,111
Hon Hai Precision Industry Co., Ltd.		8,000		31,240
Kingboard Chemical Holdings Ltd.		16,000		87,462
Largan Precision Co., Ltd.		840		162,925
LG Innotek Co., Ltd.		520		85,503
Merry Electronics Co., Ltd.		7,500		59,182
Tripod Technology Corp.		15,000		56,333
				526,756
Internet Software & Services - 7.6%
Alibaba Group Holding Ltd. (Sponsored ADR) (b)		1,100		188,914
NetEase, Inc. (ADR)		240		66,202
Tencent Holdings Ltd.		5,000		210,398
				465,514
Semiconductors & Semiconductor Equipment - 5.7%
Hua Hong Semiconductor Ltd. (a)		69,000		91,687
Realtek Semiconductor Corp.		26,000		101,062
Taiwan Semiconductor Manufacturing Co., Ltd.		19,000		136,753
Winbond Electronics Corp.		19,000		14,619
				344,121
Technology Hardware, Storage & Peripherals - 10.1%
Pegatron Corp.		30,000		94,783
Quanta Computer, Inc.		6,000		13,692
Samsung Electronics Co., Ltd.		181		372,590
Samsung Electronics Co., Ltd. (Preference Shares)		79		132,260
				613,325
				1,949,716
Financials - 28.5%
Banks - 21.3%
Agricultural Bank of China Ltd. - Class H		312,000		147,192
Bank Mandiri Persero Tbk PT		29,000		28,528
BOC Hong Kong Holdings Ltd.		33,000		168,597
China CITIC Bank Corp., Ltd. - Class H		78,000		51,625
China Construction Bank Corp. - Class H		145,000		127,572
Dah Sing Financial Holdings Ltd.		7,600		55,175
DBS Group Holdings Ltd.		7,600		115,792
Hana Financial Group, Inc.		5,930		257,895
ICICI Bank Ltd.		6,567		30,822
KB Financial Group, Inc.		5,070		249,437
State Bank of India		13,750		60,020
				1,292,655
Capital Markets - 1.0%
China Everbright Ltd.		26,000		59,454
Diversified Financial Services - 0.7%
Fubon Financial Holding Co., Ltd.		28,000		45,114
Insurance - 5.5%
Dongbu Insurance Co., Ltd.		1,060		70,747

Company	Shares		U.S. $ Value
New China Life Insurance Co., Ltd. - Class H		17,100	$	109,807
PICC Property & Casualty Co., Ltd. - Class H		82,000		154,483
				335,037
				1,732,260
Consumer Discretionary - 8.5%
Auto Components - 1.9%
Hankook Tire Co., Ltd.		2,250		118,008
Automobiles - 0.7%
Tata Motors Ltd. (b)		4,420		26,136
Tata Motors Ltd. - Class A (b)		4,830		16,574
				42,710
Diversified Consumer Services - 1.0%
New Oriental Education & Technology Group, Inc. (Sponsored ADR) (b)		720		58,860
Hotels, Restaurants & Leisure - 0.7%
Galaxy Entertainment Group Ltd.		7,000		44,107
Household Durables - 0.6%
Skyworth Digital Holdings Ltd.		80,166		37,265
Media - 0.0%
I-CABLE Communications Ltd. (b)		8,476		298
Specialty Retail - 1.0%
Chow Tai Fook Jewellery Group Ltd.		27,200		28,149
Luk Fook Holdings International Ltd.		9,000		30,879
				59,028
Textiles, Apparel & Luxury Goods - 2.6%
Li Ning Co., Ltd. (b)		119,000		88,303
Luthai Textile Co., Ltd. - Class B		16,500		18,501
Welspun India Ltd.		11,300		13,659
Yue Yuen Industrial Holdings Ltd.		8,500		36,871
				157,334
				517,610
Real Estate - 6.8%
Real Estate Management & Development - 6.8%
Cheung Kong Property Holdings Ltd.		17,000		149,597
China Resources Land Ltd.		14,000		43,890
CIFI Holdings Group Co., Ltd.		74,000		41,695
Times Property Holdings Ltd.		23,000		19,648
Wharf Holdings Ltd. (The)		10,000		95,396
Wheelock & Co., Ltd.		8,000		59,940
				410,166
Materials - 6.4%
Chemicals - 1.5%
Kumho Petrochemical Co., Ltd.		1,340		93,831
Construction Materials - 1.3%
Anhui Conch Cement Co., Ltd. - Class H		21,000		78,582

Company	Shares		U.S. $ Value
Metals & Mining - 3.6%
Jiangxi Copper Co., Ltd. - Class H		17,000	$	29,594
POSCO		460		139,813
Vedanta Ltd.		9,680		46,867
				216,274
				388,687
Telecommunication Services - 5.3%
Diversified Telecommunication Services - 4.2%
China Unicom Hong Kong Ltd. (b)		145,000		210,652
KT Corp.		1,560		43,175
				253,827
Wireless Telecommunication Services - 1.1%
XL Axiata Tbk PT (b)		242,750		65,546
				319,373
Consumer Staples - 3.4%
Food & Staples Retailing - 1.2%
E-MART, Inc.		360		71,683
Food Products - 2.2%
China Agri-Industries Holdings Ltd.		51,000		23,896
WH Group Ltd. (a)		107,000		112,152
				136,048
				207,731
Energy - 2.6%
Oil, Gas & Consumable Fuels - 2.6%
PetroChina Co., Ltd. - Class H		118,000		75,609
Petronet LNG Ltd.		13,000		45,836
S-Oil Corp.		330		36,842
				158,287
Industrials - 2.3%
Airlines - 1.3%
Air China Ltd. - Class H		52,000		46,381
China Southern Airlines Co., Ltd. - Class H		40,000		31,320
				77,701
Construction & Engineering - 0.5%
China Railway Group Ltd. - Class H		37,000		29,665
Machinery - 0.4%
Sinotruk Hong Kong Ltd.		22,500		24,953
Marine - 0.1%
COSCO SHIPPING Energy Transportation Co., Ltd. - Class H		14,000		8,004
				140,323
Health Care - 2.0%
Health Care Providers & Services - 1.3%
Shanghai Pharmaceuticals Holding Co., Ltd. - Class H		31,900		78,517

Company	Shares		U.S. $ Value
Pharmaceuticals - 0.7%
China Resources Pharmaceutical Group Ltd. (a)		35,200	$	43,678
				122,195
Total Investments - 97.9% (cost $4,534,964) (c)				5,946,348
Other assets less liabilities - 2.1%				127,633
Net Assets - 100.0%			$	6,073,981

(a) 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 August 31, 2017, the aggregate market value of these securities amounted to $291,628 or 4.8% of net assets.

(b) Non-income producing security.

(c) As of August 31, 2017, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $1,453,359 and gross unrealized depreciation of investments was $(41,975), resulting in net unrealized appreciation of $1,411,384.

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

COUNTRY BREAKDOWN¹

August 31, 2017 (unaudited)

38.4%	China
28.1%	South Korea
13.1%	Hong Kong
12.8%	Taiwan
4.0%	India
2.0%	Singapore
1.6%	Indonesia
100.0%

1 All data are as of August 31, 2017. The Fund’s country breakdowns are expressed as a percentage of total investments and may vary over time.

AB Cap Fund, Inc.

AB Asia Ex-Japan Equity Portfolio

August 31, 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)

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.

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of August 31, 2017:

Investments in Securities

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks:

Information Technology

$

299,227

$

1,650,489

$

– 0

–

$

1,949,716

Financials

– 0

–

1,732,260

– 0

–

1,732,260

Consumer Discretionary

89,739

427,871

– 0

–

517,610

Real Estate

– 0

–

410,166

– 0

–

410,166

Materials

– 0

–

388,687

– 0

–

388,687

Telecommunication Services

– 0

–

319,373

– 0

–

319,373

Consumer Staples

– 0

–

207,731

– 0

–

207,731

Energy

– 0

–

158,287

– 0

–

158,287

Industrials

– 0

–

140,323

– 0

–

140,323

Health Care

– 0

–

122,195

– 0

–

122,195

Total Investments in Securities

388,966

5,557,382

†

– 0

–

5,946,348

Other Financial Instruments*

– 0

–

– 0

–

– 0

–

– 0

–

Total^

$

388,966

$

5,557,382

$

– 0

–

$

5,946,348

† 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 no transfers between any levels 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.

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).

AB Cap Fund, Inc.

AB Small Cap Value Portfolio

Portfolio of Investments

August 31, 2017 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 98.1%
Industrials - 21.8%
Aerospace & Defense - 1.6%
Esterline Technologies Corp. (a)		28,690	$	2,450,126
Wesco Aircraft Holdings, Inc. (a)		164,440		1,381,296
				3,831,422
Air Freight & Logistics - 1.5%
Air Transport Services Group, Inc. (a)		62,900		1,444,184
Atlas Air Worldwide Holdings, Inc. (a)		30,420		2,032,056
				3,476,240
Airlines - 1.3%
SkyWest, Inc.		88,410		3,067,827
Commercial Services & Supplies - 2.6%
ABM Industries, Inc.		46,080		2,047,334
Knoll, Inc.		126,760		2,288,018
Viad Corp.		33,200		1,824,340
				6,159,692
Construction & Engineering - 2.6%
AECOM (a)		76,280		2,555,380
Granite Construction, Inc.		29,770		1,644,197
Tutor Perini Corp. (a)		70,480		1,843,052
				6,042,629
Electrical Equipment - 3.4%
EnerSys		42,267		2,709,315
General Cable Corp.		174,210		2,952,859
Regal Beloit Corp.		29,850		2,250,690
				7,912,864
Machinery - 4.7%
Columbus McKinnon Corp./NY		66,558		2,198,411
Oshkosh Corp.		44,350		3,308,510
SPX FLOW, Inc. (a)		73,640		2,464,731
Terex Corp.		81,050		3,124,477
				11,096,129
Professional Services - 1.1%
TrueBlue, Inc. (a)		127,078		2,598,745
Road & Rail - 2.3%
Covenant Transportation Group, Inc. - Class A (a)		139,000		3,337,390
Saia, Inc. (a)		34,779		1,966,753
				5,304,143
Trading Companies & Distributors - 0.7%
MRC Global, Inc. (a)		103,860		1,637,872
				51,127,563

Company	Shares		U.S. $ Value
Financials - 20.5%
Banks - 14.8%
1st Source Corp.		49,650	$	2,317,166
Associated Banc-Corp.		146,380		3,205,722
Customers Bancorp, Inc. (a)		91,020		2,564,944
First Commonwealth Financial Corp.		175,910		2,218,225
Fulton Financial Corp.		146,350		2,553,808
Hope Bancorp, Inc.		175,351		2,830,165
Independent Bank Group, Inc.		49,710		2,766,362
Sterling Bancorp/DE		165,790		3,721,985
Synovus Financial Corp.		60,410		2,544,469
Texas Capital Bancshares, Inc. (a)		48,590		3,607,807
Webster Financial Corp.		72,840		3,400,171
Zions Bancorporation		67,433		2,944,125
				34,674,949
Insurance - 2.7%
First American Financial Corp.		32,280		1,583,657
Selective Insurance Group, Inc.		44,830		2,259,432
State Auto Financial Corp.		49,820		1,232,547
Validus Holdings Ltd.		25,970		1,302,395
				6,378,031
Thrifts & Mortgage Finance - 3.0%
Essent Group Ltd. (a)		84,951		3,319,885
HomeStreet, Inc. (a)		74,100		1,871,025
WSFS Financial Corp.		41,530		1,856,391
				7,047,301
				48,100,281
Information Technology - 19.0%
Communications Equipment - 2.8%
Extreme Networks, Inc. (a)		159,240		1,820,113
Infinera Corp. (a) (b)		176,130		1,490,060
Mitel Networks Corp. (a)		167,297		1,361,798
NETGEAR, Inc. (a)		40,249		1,931,952
				6,603,923
Electronic Equipment, Instruments & Components - 2.5%
Anixter International, Inc. (a)		37,945		2,800,341
VeriFone Systems, Inc. (a)		149,470		2,955,022
				5,755,363
IT Services - 5.5%
Booz Allen Hamilton Holding Corp.		71,030		2,422,833
Convergys Corp.		111,200		2,613,200
CSG Systems International, Inc.		68,314		2,644,435
Unisys Corp. (a) (b)		256,290		1,986,248
Virtusa Corp. (a)		43,270		1,571,566
WNS Holdings Ltd. (ADR) (a)		44,330		1,551,550
				12,789,832

Company	Shares		U.S. $ Value
Semiconductors & Semiconductor Equipment - 5.0%
Cypress Semiconductor Corp. (b)		115,348	$	1,579,114
FormFactor, Inc. (a)		97,900		1,478,290
Integrated Device Technology, Inc. (a)		60,210		1,487,789
Kulicke & Soffa Industries, Inc. (a)		152,310		2,898,460
MagnaChip Semiconductor Corp. (a) (b)		132,130		1,506,282
Mellanox Technologies Ltd. (a)		30,760		1,444,182
Photronics, Inc. (a)		170,540		1,347,266
				11,741,383
Software - 2.0%
A10 Networks, Inc. (a)		241,630		1,582,676
Verint Systems, Inc. (a)		80,580		3,199,026
				4,781,702
Technology Hardware, Storage & Peripherals - 1.2%
NCR Corp. (a)		77,270		2,822,673
				44,494,876
Consumer Discretionary - 12.7%
Auto Components - 2.1%
Cooper-Standard Holdings, Inc. (a)		21,354		2,147,785
Dana, Inc.		118,440		2,850,851
				4,998,636
Diversified Consumer Services - 1.3%
Houghton Mifflin Harcourt Co. (a)		35,500		362,100
Sotheby’s (a)		61,310		2,750,980
				3,113,080
Hotels, Restaurants & Leisure - 2.1%
Bloomin’ Brands, Inc.		144,670		2,460,837
Red Robin Gourmet Burgers, Inc. (a)		44,170		2,517,690
				4,978,527
Household Durables - 1.1%
Ethan Allen Interiors, Inc.		84,760		2,479,230
Internet & Direct Marketing Retail - 0.8%
FTD Cos., Inc. (a)		139,650		1,869,913
Media - 2.2%
Regal Entertainment Group - Class A (b)		166,400		2,457,728
Scholastic Corp.		70,100		2,764,043
				5,221,771
Specialty Retail - 2.3%
Caleres, Inc.		81,290		2,193,204
Children’s Place, Inc. (The)		13,308		1,412,644
Citi Trends, Inc.		97,490		1,767,494
				5,373,342

Company	Shares		U.S. $ Value
Textiles, Apparel & Luxury Goods - 0.8%
Crocs, Inc. (a)		198,210	$	1,770,015
				29,804,514
Real Estate - 6.7%
Equity Real Estate Investment Trusts (REITs) - 6.7%
Armada Hoffler Properties, Inc.		125,880		1,683,016
Education Realty Trust, Inc.		70,708		2,732,157
Gramercy Property Trust		116,570		3,550,722
Independence Realty Trust, Inc.		185,740		1,911,265
National Storage Affiliates Trust		131,250		2,929,500
Ramco-Gershenson Properties Trust		93,010		1,223,081
STAG Industrial, Inc.		57,700		1,615,023
				15,644,764
Energy - 6.0%
Energy Equipment & Services - 2.8%
Helix Energy Solutions Group, Inc. (a)		102,920		645,308
Oil States International, Inc. (a)		57,310		1,246,493
Patterson-UTI Energy, Inc.		90,070		1,438,418
RPC, Inc. (b)		166,260		3,227,107
				6,557,326
Oil, Gas & Consumable Fuels - 3.2%
Oasis Petroleum, Inc. (a)		255,360		1,864,128
QEP Resources, Inc. (a)		246,930		1,864,321
SM Energy Co.		116,850		1,561,116
SRC Energy, Inc. (a)		274,320		2,164,385
				7,453,950
				14,011,276
Health Care - 4.5%
Health Care Providers & Services - 3.0%
LifePoint Health, Inc. (a)		44,130		2,557,333
Molina Healthcare, Inc. (a)		43,030		2,753,920
WellCare Health Plans, Inc. (a)		9,570		1,671,688
				6,982,941
Life Sciences Tools & Services - 1.5%
ICON PLC (a)		32,172		3,647,983
				10,630,924
Materials - 3.0%
Chemicals - 1.6%
Orion Engineered Carbons SA		32,150		691,225
Trinseo SA		45,455		3,040,939
				3,732,164
Containers & Packaging - 1.4%
Graphic Packaging Holding Co.		244,600		3,192,030
				6,924,194

Company	Shares		U.S. $ Value
Utilities - 2.6%
Electric Utilities - 2.6%
PNM Resources, Inc.		86,480	$	3,666,752
Portland General Electric Co.		49,080		2,331,791
				5,998,543
Consumer Staples - 1.3%
Beverages - 1.3%
Cott Corp.		195,970		2,974,825
Total Common Stocks (cost $221,663,903)				229,711,760
SHORT-TERM INVESTMENTS - 1.0%
Investment Companies - 1.0%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.86% (c) (d) (e) (cost $2,461,596)		2,461,596		2,461,596
Total Investments Before Security Lending Collateral for Securities Loaned - 99.1% (cost $224,125,499)				232,173,356
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 4.6%
Investment Companies - 4.6%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.86% (c) (d) (e) (cost $10,679,768)		10,679,768		10,679,768
Total Investments - 103.7% (cost $234,805,267) (f)				242,853,124
Other assets less liabilities - (3.7)%				(8,637,768	)
Net Assets - 100.0%			$	234,215,356

(a) Non-income producing security.

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

(c) Affiliated investments.

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

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

(f) As of August 31, 2017, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $22,986,916 and gross unrealized depreciation of investments was $(14,939,059), resulting in net unrealized appreciation of $8,047,857.

Glossary:

ADR - American Depositary Receipt

AB Cap Fund, Inc.

AB Small Cap Value Portfolio

August 31, 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 about the assumptions that market participants would use in pricing the asset or liability based on the best information available in the circumstances. Each investment is assigned a level based upon the observability of the inputs which are significant to the overall valuation. The three-tier hierarchy of inputs is summarized below.

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

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

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

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

The following table summarizes the valuation of the Fund’s investments by the above fair value hierarchy levels as of August 31, 2017:

Investments in Securities:

Level 1

Level 2

Level 3

Total

Assets:

Common Stocks (a)

$

229,711,760

$

–0

–

$

–0

–

$

229,711,760

Short-Term Investments

2,461,596

–0

–

–0

–

2,461,596

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

10,679,768

–0

–

–0

–

10,679,768

Total Investments in Securities

242,853,124

–0

–

–0

–

242,853,124

Other Financial Instruments (b)

–0

–

–0

–

–0

–

–0

–

Total (c)

$

242,853,124

$

–0

–

$

–0

–

$

242,853,124

(a) See Portfolio of Investments for sector classifications.

(b) Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation/(depreciation) on the instrument.

(c) There were no transfers between any levels during the reporting period.

The Fund 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 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 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).

A summary of the Fund’s transactions in AB mutual funds for the nine months ended August 31, 2017 is as follows:

Fund	Market  Value 11/30/16 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 8/31/17 (000)		Dividend Income (000)
Government Money Market	$	6,452	$	101,547	$	105,537	$	2,462	$	20
Government Money Market*		978		41,018		31,316		10,680		28
Total	$	7,430	$	142,565	$	136,853	$	13,142	$	48

* Investments of cash collateral for securities lending transactions

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:	October 23, 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:	October 23, 2017
By:	/s/    Joseph J. Mantineo
	Joseph J. Mantineo
	Treasurer and Chief Financial Officer
Date:	October 23, 2017