AB Global Core Equity Portfolio

Portfolio of Investments

September 30, 2023 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 99.4%
Financials – 18.5%
Banks – 2.9%
ABN AMRO Bank NV (GDR)(a)		1,561,899	$	22,073,624
BNP Paribas SA		477,334		30,351,891
Wells Fargo & Co.		433,111		17,696,916
				70,122,431
Capital Markets – 8.5%
BlackRock, Inc.		25,718		16,626,430
EQT AB		1,076,516		21,210,580
Euronext NV(a)		267,985		18,640,815
Goldman Sachs Group, Inc. (The)		313,927		101,577,359
Julius Baer Group Ltd.		805,883		51,582,884
				209,638,068
Consumer Finance – 2.5%
American Express Co.		413,626		61,708,863
Financial Services – 4.6%
PayPal Holdings, Inc.(b)		546,237		31,933,015
Visa, Inc. - Class A		349,208		80,321,332
				112,254,347
				453,723,709
Information Technology – 17.7%
Electronic Equipment, Instruments & Components – 0.6%
Zebra Technologies Corp. - Class A(b)		58,771		13,901,105
IT Services – 2.0%
Akamai Technologies, Inc.(b)		459,827		48,989,968
Semiconductors & Semiconductor Equipment – 7.1%
Analog Devices, Inc.		388,388		68,002,855
Applied Materials, Inc.		106,333		14,721,804
Infineon Technologies AG		1,355,786		44,904,647
QUALCOMM, Inc.		426,474		47,364,202
				174,993,508
Software – 5.9%
Microsoft Corp.		457,473		144,447,100
Technology Hardware, Storage & Peripherals – 2.1%
Samsung Electronics Co., Ltd.		1,039,907		52,571,598
				434,903,279
Health Care – 15.6%
Biotechnology – 0.6%
Alnylam Pharmaceuticals, Inc.(b)		83,198		14,734,366
Health Care Equipment & Supplies – 3.3%
Koninklijke Philips NV(b)		946,964		18,894,066
Medtronic PLC		785,422		61,545,668
				80,439,734

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Company	Shares		U.S. $ Value
Health Care Providers & Services – 4.2%
Elevance Health, Inc.		238,127	$	103,685,258
Life Sciences Tools & Services – 2.8%
Thermo Fisher Scientific, Inc.		122,557		62,034,677
WuXi AppTec Co., Ltd. - Class A		681,700		8,109,060
				70,143,737
Pharmaceuticals – 4.7%
AstraZeneca PLC (Sponsored ADR)		274,547		18,592,323
Roche Holding AG (Genusschein)		170,855		46,643,606
Sanofi		243,859		26,184,423
Takeda Pharmaceutical Co., Ltd.		772,800		23,954,108
				115,374,460
				384,377,555
Consumer Discretionary – 13.7%
Broadline Retail – 3.0%
Alibaba Group Holding Ltd.(b)		1,657,400		17,969,840
Alibaba Group Holding Ltd. (Sponsored ADR)(b)		505,369		43,835,707
Prosus NV(b)		443,431		13,066,151
				74,871,698
Diversified Consumer Services – 1.4%
Service Corp. International/US		627,627		35,862,607
Hotels, Restaurants & Leisure – 7.0%
Compass Group PLC		1,223,371		29,778,801
Galaxy Entertainment Group Ltd.		3,812,000		22,809,564
InterContinental Hotels Group PLC		318,573		23,559,858
Starbucks Corp.		625,069		57,050,048
Yum China Holdings, Inc.		689,549		38,421,670
				171,619,941
Textiles, Apparel & Luxury Goods – 2.3%
Kering SA		44,057		20,017,875
NIKE, Inc. - Class B		372,355		35,604,585
				55,622,460
				337,976,706
Consumer Staples – 8.6%
Beverages – 8.6%
Asahi Group Holdings Ltd.		2,173,135		81,176,513
Carlsberg AS - Class B		139,143		17,543,847
Coca-Cola Co. (The)		2,022,532		113,221,341
				211,941,701
Industrials – 8.0%
Building Products – 3.5%
Otis Worldwide Corp.		1,065,448		85,566,129
Commercial Services & Supplies – 1.2%
Republic Services, Inc.		203,740		29,034,987
Ground Transportation – 1.0%
CSX Corp.		775,116		23,834,817

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Company	Shares		U.S. $ Value
Machinery – 1.2%
Deere & Co.		37,630	$	14,200,809
Dover Corp.		109,911		15,333,684
				29,534,493
Professional Services – 1.1%
RELX PLC (Amsterdam)		84,570		2,858,824
RELX PLC (London)		727,588		24,548,770
				27,407,594
				195,378,020
Communication Services – 6.5%
Entertainment – 2.2%
Electronic Arts, Inc.		319,887		38,514,395
Universal Music Group NV		592,231		15,454,968
				53,969,363
Interactive Media & Services – 4.3%
Alphabet, Inc. - Class C(b)		802,639		105,827,952
				159,797,315
Energy – 5.7%
Energy Equipment & Services – 1.3%
Schlumberger NV		551,971		32,179,909
Oil, Gas & Consumable Fuels – 4.4%
Cheniere Energy, Inc.		230,945		38,327,632
Shell PLC		2,227,216		70,589,876
				108,917,508
				141,097,417
Materials – 2.9%
Chemicals – 2.0%
Linde PLC		133,282		49,627,553
Metals & Mining – 0.9%
Teck Resources Ltd. - Class B		515,629		22,193,021
				71,820,574
Real Estate – 2.2%
Real Estate Management & Development – 2.2%
CBRE Group, Inc. - Class A(b)		746,477		55,134,791
Total Common Stocks (cost $2,206,197,522)				2,446,151,067
SHORT-TERM INVESTMENTS – 0.4%
Investment Companies – 0.3%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 5.25%(c) (d) (e) (cost $6,988,471)		6,988,471		6,988,471

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	Principal Amount (000)			U.S. $ Value
Time Deposits – 0.1%
BBH, Grand Cayman 2.50%, 10/02/2023		DKK	1,772	$	251,259
2.81%, 10/02/2023		SEK	68		6,257
Hong Kong & Shanghai Bank, Hong Kong 4.13%, 10/03/2023		HKD	1,932		246,651
Royal Bank of Canada, Toronto 3.80%, 10/03/2023		CAD	384		282,734
SEB, Stockholm 0.55%, 10/02/2023		CHF	227		248,085
2.81%, 10/02/2023		EUR	234		247,228
4.17%, 10/02/2023		GBP	223		271,979
Sumitomo, Tokyo (0.38)%, 10/02/2023		JPY	37,359		249,994
Total Time Deposits (cost $1,804,187)					1,804,187
Total Short-Term Investments (cost $8,792,658)					8,792,658
Total Investments – 99.8% (cost $2,214,990,180)(f)					2,454,943,725
Other assets less liabilities – 0.2%					5,402,131
Net Assets – 100.0%				$	2,460,345,856

(a) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At September 30, 2023, the aggregate market value of these securities amounted to $40,714,439 or 1.7% of net assets.

(b) Non-income producing security.

(c) 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.

(d) Affiliated investments.

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

(f) As of September 30, 2023, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $368,448,648 and gross unrealized depreciation of investments was $(128,495,103), resulting in net unrealized appreciation of $239,953,545.

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

Currency Abbreviations:

CAD – Canadian Dollar

CHF – Swiss Franc

DKK – Danish Krone

EUR – Euro

GBP – Great British Pound

HKD – Hong Kong Dollar

JPY – Japanese Yen

SEK – Swedish Krona

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Glossary:

ADR – American Depositary Receipt

GDR – Global Depositary Receipt

COUNTRY BREAKDOWN¹

September 30, 2023 (unaudited)

65.9	%	United States
6.9	%	United Kingdom
5.0	%	China
4.3	%	Japan
4.0	%	Switzerland
3.1	%	France
3.1	%	Netherlands
2.1	%	South Korea
1.8	%	Germany
0.9	%	Macau
0.9	%	Canada
0.9	%	Sweden
0.7	%	Denmark
0.4	%	Short-Term Investments
100.0	%	Total Investments

1 The Fund’s country breakdown is expressed as a percentage of total investments and may vary over time.

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AB Global Core Equity Portfolio

September 30, 2023 (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, 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 September 30, 2023:

Investments in Securities	Level 1		Level 2		Level 3		Total
Assets:
Common Stocks:
Financials	$	309,863,915	$	143,859,794	$	-0-	$	453,723,709
Information Technology		337,427,034		97,476,245		-0-		434,903,279
Health Care		260,592,292		123,785,263		-0-		384,377,555
Consumer Discretionary		210,774,617		127,202,089		-0-		337,976,706
Consumer Staples		113,221,341		98,720,360		-0-		211,941,701
Industrials		167,970,426		27,407,594		-0-		195,378,020
Communication Services		144,342,347		15,454,968		-0-		159,797,315
Energy		70,507,541		70,589,876		-0-		141,097,417
Materials		71,820,574		-0-		-0-		71,820,574
Real Estate		55,134,791		-0-		-0-		55,134,791
Short-Term Investments:
Investment Companies		6,988,471		-0-		-0-		6,988,471
Time Deposits		-0-		1,804,187		-0-		1,804,187
Total Investments in Securities		1,748,643,349		706,300,376		-0-		2,454,943,725
Other Financial Instruments*		-0-		-0-		-0-		-0-
Total	$	1,748,643,349	$	706,300,376	$	-0-	$	2,454,943,725

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

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A summary of the Fund’s transactions in AB mutual funds for the three months ended September 30, 2023 is as follows:

Fund	Market Value 6/30/23 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 9/30/23 (000)		Dividend Income (000)
Government Money Market Portfolio	$	6,412	$	71,168	$	70,592	$	6,988	$	23
Government Money Market Portfolio*		-0-		42,162		42,162		-0-		6
Total							$	6,988	$	29

* Investment of cash collateral for securities lending transactions.

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