AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

March 31, 2019 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 56.1%
Financials - 8.8%
Banks - 4.3%
AIB Group PLC		5,844	$	26,298
Aozora Bank Ltd.		2,000		49,424
Australia & New Zealand Banking Group Ltd.		31,095		575,081
Banco Bilbao Vizcaya Argentaria SA		73,153		417,984
Banco de Sabadell SA		68,373		68,149
Banco Santander SA		178,775		830,147
Bank Hapoalim BM		14,749		98,017
Bank Leumi Le-Israel BM		16,778		109,922
Bank of America Corp.		61,645		1,700,786
Bank of East Asia Ltd. (The)		41,231		134,033
Bank of Ireland Group PLC		11,605		69,259
Bank of Kyoto Ltd. (The)		400		16,748
Bank of Queensland Ltd.		7,933		51,291
Bankia SA		10,832		28,085
Bankinter SA		7,353		56,043
Barclays PLC		188,978		380,652
BB&T Corp.		5,150		239,629
Bendigo & Adelaide Bank Ltd.		9,233		63,544
BNP Paribas SA		13,908		661,856
BOC Hong Kong Holdings Ltd.		39,500		163,922
CaixaBank SA		42,465		132,796
Chiba Bank Ltd. (The)		11,000		59,817
Citigroup, Inc.		16,479		1,025,323
Citizens Financial Group, Inc.		3,119		101,367
Comerica, Inc.		1,100		80,652
Commerzbank AG (a)		15,814		122,599
Commonwealth Bank of Australia		19,262		966,838
Concordia Financial Group Ltd.		11,221		43,384
Credit Agricole SA		14,327		172,983
Danske Bank A/S		7,940		139,567
DBS Group Holdings Ltd.		21,665		404,418
DNB ASA		9,303		171,359
Erste Group Bank AG		3,207		117,869
Fifth Third Bancorp		4,340		109,455
First Republic Bank/CA		1,073		107,794
Fukuoka Financial Group, Inc.		1,800		39,970
Hang Seng Bank Ltd.		8,100		200,012
HSBC Holdings PLC		219,920		1,787,036
Huntington Bancshares, Inc./OH		7,165		90,852
ING Groep NV		36,740		445,189
Intesa Sanpaolo SpA		165,706		404,408
Japan Post Bank Co., Ltd.		3,855		42,120
JPMorgan Chase & Co.		22,415		2,269,070
KBC Group NV		3,064		214,207
KeyCorp		6,925		109,069
Lloyds Banking Group PLC		821,886		665,873
M&T Bank Corp.		915		143,673
Mebuki Financial Group, Inc.		16,800		43,001
Mediobanca Banca di Credito Finanziario SpA		12,965		134,993
Mitsubishi UFJ Financial Group, Inc.		135,900		672,133
Mizrahi Tefahot Bank Ltd.		1,057		21,785
Mizuho Financial Group, Inc.		253,500		392,284
National Australia Bank Ltd.		30,446		547,059
Nordea Bank Abp		28,914		220,176
Oversea-Chinese Banking Corp., Ltd.		29,000		237,092
People’s United Financial, Inc.		2,465		40,525
PNC Financial Services Group, Inc. (The)		3,130		383,926

Company	Shares		U.S. $ Value
Raiffeisen Bank International AG		1,307	$	29,358
Regions Financial Corp.		6,925		97,989
Resona Holdings, Inc.		21,000		90,974
Royal Bank of Scotland Group PLC		53,666		172,808
Seven Bank Ltd.		16,218		47,944
Shinsei Bank Ltd.		3,700		52,650
Shizuoka Bank Ltd. (The)		4,000		30,472
Skandinaviska Enskilda Banken AB-Class A		16,190		140,253
Societe Generale SA		9,446		272,928
Standard Chartered PLC		34,982		269,653
Sumitomo Mitsui Financial Group, Inc.		14,300		500,768
Sumitomo Mitsui Trust Holdings, Inc.		3,200		115,005
SunTrust Banks, Inc.		2,990		177,157
SVB Financial Group (a)		386		85,831
Svenska Handelsbanken AB-Class A		14,254		150,494
Swedbank AB-Class A		8,621		121,840
UniCredit SpA		17,422		223,794
United Overseas Bank Ltd.		12,000		223,889
US Bancorp		10,215		492,261
Wells Fargo & Co.		28,575		1,380,744
Westpac Banking Corp.		38,249		705,060
Zions Bancorp NA		1,230		55,854
				24,039,270
Capital Markets - 1.4%
3i Group PLC		9,721		124,656
Affiliated Managers Group, Inc.		307		32,883
Ameriprise Financial, Inc.		945		121,054
Amundi SA (b)		1,517		95,536
ASX Ltd.		1,453		72,178
Bank of New York Mellon Corp. (The)		6,115		308,379
BlackRock, Inc.-Class A		877		374,803
Cboe Global Markets, Inc.		746		71,198
Charles Schwab Corp. (The)		8,090		345,928
CME Group, Inc.-Class A		2,450		403,221
Credit Suisse Group AG (a)		28,090		327,429
Daiwa Securities Group, Inc.		16,000		77,989
Deutsche Bank AG		19,693		160,538
Deutsche Boerse AG		2,077		266,312
E*TRADE Financial Corp.		1,670		77,538
Franklin Resources, Inc.		1,920		63,629
Goldman Sachs Group, Inc. (The)		2,338		448,873
Hargreaves Lansdown PLC		4,023		97,734
Hong Kong Exchanges & Clearing Ltd.		13,451		469,958
Intercontinental Exchange, Inc.		3,830		291,616
Invesco Ltd.		2,730		52,716
Investec PLC		5,877		33,867
Japan Exchange Group, Inc.		4,965		88,620
Julius Baer Group Ltd. (a)		2,130		86,163
London Stock Exchange Group PLC		3,987		246,620
Macquarie Group Ltd.		3,705		341,216
Moody’s Corp.		1,145		207,348
Morgan Stanley		8,770		370,094
MSCI, Inc.-Class A		557		110,754
Nasdaq, Inc.		760		66,492
Natixis SA		21,759		116,548
Nomura Holdings, Inc.		38,855		140,408
Northern Trust Corp.		1,460		131,999
Partners Group Holding AG		158		114,939

Company	Shares		U.S. $ Value
Raymond James Financial, Inc.		809	$	65,052
S&P Global, Inc.		1,660		349,513
SBI Holdings, Inc./Japan		2,468		55,188
Schroders PLC		1,291		45,460
Singapore Exchange Ltd.		21,000		113,519
St. James’s Place PLC		4,994		66,925
State Street Corp.		2,535		166,828
T. Rowe Price Group, Inc.		1,625		162,695
UBS Group AG (a)		42,353		513,892
				7,878,308
Consumer Finance - 0.2%
Acom Co., Ltd.		13,014		46,529
American Express Co.		4,710		514,803
Capital One Financial Corp.		3,213		262,470
Credit Saison Co., Ltd.		3,500		46,308
Discover Financial Services		2,210		157,264
Synchrony Financial		4,418		140,934
				1,168,308
Diversified Financial Services - 0.7%
AMP Ltd.		28,155		42,049
Berkshire Hathaway, Inc.-Class B (a)		13,114		2,634,472
Challenger Ltd.		12,809		75,493
EXOR NV		3,679		238,928
Groupe Bruxelles Lambert SA		768		74,665
IHS Markit Ltd. (a)		2,361		128,391
Industrivarden AB-Class C		4,979		104,412
Investor AB-Class B		4,336		195,453
Jefferies Financial Group, Inc.		1,855		34,855
Kinnevik AB		4,676		121,277
ORIX Corp.		14,110		202,727
Pargesa Holding SA		1,023		80,229
Standard Life Aberdeen PLC		24,984		85,871
Wendel SA		844		106,360
				4,125,182
Insurance - 2.2%
Admiral Group PLC		2,010		56,855
Aegon NV		38,312		184,030
Aflac, Inc.		5,110		255,500
Ageas		1,646		79,397
AIA Group Ltd.		128,423		1,284,200
Allianz SE		4,871		1,085,490
Allstate Corp. (The)		2,300		216,614
American International Group, Inc.		5,893		253,753
Aon PLC		1,665		284,215
Arthur J Gallagher & Co.		1,202		93,876
Assicurazioni Generali SpA		11,115		206,078
Assurant, Inc.		310		29,422
Aviva PLC		43,251		232,579
Baloise Holding AG		926		153,045
Brighthouse Financial, Inc. (a)		797		28,923
Chubb Ltd.		3,132		438,731
Cincinnati Financial Corp.		960		82,464
CNP Assurances		4,544		100,050
Dai-ichi Life Holdings, Inc.		11,850		164,968
Direct Line Insurance Group PLC		13,089		60,212

Company	Shares		U.S. $ Value
Everest Re Group Ltd.		294	$	63,492
Gjensidige Forsikring ASA		3,690		63,783
Hannover Rueck SE		795		114,234
Hartford Financial Services Group, Inc. (The)		2,375		118,085
Insurance Australia Group Ltd.		22,589		123,304
Japan Post Holdings Co., Ltd.		16,700		195,454
Legal & General Group PLC		63,405		227,537
Lincoln National Corp.		1,390		81,593
Loews Corp.		1,790		85,795
Mapfre SA		17,737		48,891
Marsh & McLennan Cos., Inc.		3,390		318,321
Medibank Pvt Ltd.		39,307		77,154
MetLife, Inc.		6,570		279,685
MS&AD Insurance Group Holdings, Inc.		4,800		146,249
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		1,588		376,347
NN Group NV		7,137		296,945
Principal Financial Group, Inc.		1,740		87,331
Progressive Corp. (The)		3,845		277,186
Prudential Financial, Inc.		2,765		254,048
Prudential PLC		28,434		569,973
QBE Insurance Group Ltd.		13,053		114,200
RSA Insurance Group PLC		10,859		71,861
Sampo Oyj-Class A		4,765		215,963
SCOR SE		3,333		141,960
Sompo Holdings, Inc.		4,000		148,132
Sony Financial Holdings, Inc.		4,130		77,941
Suncorp Group Ltd.		12,247		119,952
Swiss Life Holding AG (a)		342		150,685
Swiss Re AG		3,176		310,438
T&D Holdings, Inc.		5,500		57,919
Tokio Marine Holdings, Inc.		7,300		353,661
Torchmark Corp.		652		53,431
Travelers Cos., Inc. (The)		1,830		251,003
Tryg A/S		1,821		49,990
Unum Group		1,420		48,039
Willis Towers Watson PLC		887		155,802
Zurich Insurance Group AG		1,604		530,983
				11,947,769
				49,158,837
Information Technology - 7.8%
Communications Equipment - 0.5%
Arista Networks, Inc. (a)		335		105,344
Cisco Systems, Inc.		30,290		1,635,357
F5 Networks, Inc. (a)		380		59,634
Juniper Networks, Inc.		2,240		59,293
Motorola Solutions, Inc.		1,145		160,781
Nokia Oyj		62,192		354,284
Telefonaktiebolaget LM Ericsson-Class B		28,969		266,859
				2,641,552
Electronic Equipment, Instruments & Components - 0.6%
Alps Alpine Co., Ltd.		2,053		42,924
Amphenol Corp.-Class A		2,050		193,602
Corning, Inc.		5,405		178,905
FLIR Systems, Inc.		910		43,298
Hamamatsu Photonics KK		1,600		62,069

Company	Shares		U.S. $ Value
Hexagon AB-Class B		4,263	$	222,795
Hirose Electric Co., Ltd.		315		33,169
Hitachi High-Technologies Corp.		1,881		77,289
Hitachi Ltd.		10,400		337,902
Ingenico Group SA		930		66,431
IPG Photonics Corp. (a)		273		41,436
Keyence Corp.		1,054		658,956
Keysight Technologies, Inc. (a)		1,228		107,082
Kyocera Corp.		3,100		182,537
Murata Manufacturing Co., Ltd.		6,000		300,270
Nippon Electric Glass Co., Ltd.		2,938		78,060
Omron Corp.		1,800		84,566
Shimadzu Corp.		2,000		58,050
TDK Corp.		1,200		94,445
TE Connectivity Ltd.		2,260		182,495
Venture Corp., Ltd.		4,005		53,211
Yaskawa Electric Corp.		2,723		85,975
Yokogawa Electric Corp.		4,500		93,446
				3,278,913
IT Services - 1.7%
Accenture PLC-Class A		4,335		763,047
Adyen NV (a)(b)		83		65,101
Akamai Technologies, Inc. (a)		1,005		72,069
Alliance Data Systems Corp.		330		57,743
Amadeus IT Group SA-Class A		4,677		374,856
Atos SE		677		65,356
Automatic Data Processing, Inc.		2,920		466,441
Broadridge Financial Solutions, Inc.		819		84,922
Capgemini SE		1,557		188,929
Cognizant Technology Solutions Corp.-Class A		3,880		281,106
Computershare Ltd.		3,663		44,528
DXC Technology Co.		1,868		120,131
Fidelity National Information Services, Inc.		2,220		251,082
Fiserv, Inc. (a)		2,650		233,942
FleetCor Technologies, Inc. (a)		661		162,996
Fujitsu Ltd.		1,800		130,175
Gartner, Inc. (a)		640		97,075
Global Payments, Inc.		1,009		137,749
International Business Machines Corp.		6,168		870,305
Jack Henry & Associates, Inc.		547		75,891
Mastercard, Inc.-Class A		6,160		1,450,372
Nomura Research Institute Ltd.		1,300		59,214
NTT Data Corp.		6,010		66,445
Obic Co., Ltd.		730		73,821
Otsuka Corp.		1,200		44,895
Paychex, Inc.		2,145		172,029
PayPal Holdings, Inc. (a)		7,935		823,970
Total System Services, Inc.		1,060		100,711
VeriSign, Inc. (a)		775		140,709
Visa, Inc.-Class A		11,850		1,850,852
Western Union Co. (The)-Class W		2,930		54,117
Wirecard AG		1,262		158,536
Wix.com Ltd. (a)		485		58,603
				9,597,718

Company	Shares		U.S. $ Value
Semiconductors & Semiconductor Equipment - 1.5%
Advanced Micro Devices, Inc. (a)		5,883	$	150,134
Analog Devices, Inc.		2,510		264,228
Applied Materials, Inc.		6,635		263,144
ASM Pacific Technology Ltd.		900		10,057
ASML Holding NV		3,784		711,202
Broadcom, Inc.		2,859		859,730
Disco Corp.		309		44,252
Infineon Technologies AG		10,766		213,731
Intel Corp.		30,740		1,650,738
KLA-Tencor Corp.		1,060		126,575
Lam Research Corp.		1,029		184,201
Maxim Integrated Products, Inc.		1,775		94,377
Microchip Technology, Inc. (c)		1,595		132,321
Micron Technology, Inc. (a)		7,520		310,802
NVIDIA Corp.		4,135		742,481
NXP Semiconductors NV		3,835		338,976
Qorvo, Inc. (a)		768		55,089
QUALCOMM, Inc.		8,094		461,601
Renesas Electronics Corp. (a)		9,161		42,572
Rohm Co., Ltd.		1,300		81,451
Skyworks Solutions, Inc.		1,124		92,707
STMicroelectronics NV		12,251		181,711
SUMCO Corp.		2,522		28,211
Texas Instruments, Inc.		6,475		686,803
Tokyo Electron Ltd.		1,689		245,003
Xilinx, Inc.		1,735		219,981
				8,192,078
Software - 2.2%
Adobe, Inc. (a)		3,360		895,406
ANSYS, Inc. (a)		612		111,819
Autodesk, Inc. (a)		1,525		237,626
Cadence Design Systems, Inc. (a)		1,864		118,383
Check Point Software Technologies Ltd. (a)		1,392		176,074
Citrix Systems, Inc.-Class C		880		87,701
Dassault Systemes SE		1,424		212,245
Fortinet, Inc. (a)		919		77,168
Intuit, Inc.		1,800		470,538
Micro Focus International PLC		4,754		123,601
Microsoft Corp.		52,233		6,160,360
Nice Ltd. (a)		596		72,793
Oracle Corp.		17,156		921,449
Oracle Corp./Japan		500		33,624
Red Hat, Inc. (a)		1,240		226,548
Sage Group PLC (The)		12,240		111,872
salesforce.com, Inc. (a)		5,162		817,506
SAP SE		10,475		1,210,957
Symantec Corp.		4,255		97,823
Synopsys, Inc. (a)		1,022		117,683
Temenos AG (a)		662		97,668
Trend Micro, Inc./Japan		1,600		78,033
				12,456,877

Company	Shares		U.S. $ Value
Technology Hardware, Storage & Peripherals - 1.3%
Apple, Inc.		30,475	$	5,788,726
Brother Industries Ltd.		2,200		40,860
Canon, Inc.		11,400		330,999
FUJIFILM Holdings Corp.		4,200		191,302
Hewlett Packard Enterprise Co.		9,560		147,511
HP, Inc.		10,610		206,152
Konica Minolta, Inc.		6,000		59,161
NEC Corp.		2,500		84,732
NetApp, Inc.		1,640		113,718
Ricoh Co., Ltd.		6,000		62,833
Seagate Technology PLC		1,750		83,807
Seiko Epson Corp.		2,700		41,418
Western Digital Corp.		1,863		89,536
Xerox Corp.		1,386		44,324
				7,285,079
				43,452,217
Health Care - 7.3%
Biotechnology - 0.9%
AbbVie, Inc.		10,162		818,956
Alexion Pharmaceuticals, Inc. (a)		1,480		200,066
Amgen, Inc.		4,278		812,734
BeiGene Ltd. (Sponsored ADR) (a)		364		48,048
Biogen, Inc. (a)		1,365		322,659
Celgene Corp. (a)		4,730		446,228
CSL Ltd.		4,876		676,556
Genmab A/S (a)		540		93,700
Gilead Sciences, Inc.		8,715		566,562
Grifols SA		3,644		102,178
Incyte Corp. (a)		1,140		98,051
Regeneron Pharmaceuticals, Inc. (a)		540		221,735
Vertex Pharmaceuticals, Inc. (a)		1,707		314,003
				4,721,476
Health Care Equipment & Supplies - 1.4%
Abbott Laboratories		11,776		941,373
ABIOMED, Inc. (a)		308		87,962
Align Technology, Inc. (a)		540		153,538
Asahi Intecc Co., Ltd.		734		34,567
Baxter International, Inc.		3,280		266,697
Becton Dickinson and Co.		1,848		461,501
Boston Scientific Corp. (a)		9,260		355,399
Cochlear Ltd.		405		49,937
Coloplast A/S-Class B		1,154		126,675
ConvaTec Group PLC (b)		12,601		23,251
Cooper Cos., Inc. (The)		361		106,917
Danaher Corp.		4,140		546,563
Demant A/S (a)		2,050		60,673
DENTSPLY SIRONA, Inc.		1,496		74,187
Edwards Lifesciences Corp. (a)		1,390		265,949
Fisher & Paykel Healthcare Corp., Ltd.		6,133		65,655
Hologic, Inc. (a)		1,720		83,248
Hoya Corp.		3,900		258,325
IDEXX Laboratories, Inc. (a)		633		141,539
Intuitive Surgical, Inc. (a)		815		465,023
Koninklijke Philips NV		14,135		577,521

Company	Shares		U.S. $ Value
Medtronic PLC		9,059	$	825,094
Olympus Corp.		11,200		121,847
ResMed, Inc.		916		95,237
Sartorius AG (Preference Shares)		812		139,548
Siemens Healthineers AG (b)		1,618		67,552
Smith & Nephew PLC		9,779		194,202
Sonova Holding AG		666		131,981
Straumann Holding AG		145		118,537
Stryker Corp.		2,075		409,854
Sysmex Corp.		1,836		111,219
Teleflex, Inc.		311		93,972
Terumo Corp.		6,600		201,997
Varian Medical Systems, Inc. (a)		645		91,409
Zimmer Biomet Holdings, Inc.		1,385		176,865
				7,925,814
Health Care Providers & Services - 1.0%
Alfresa Holdings Corp.		2,700		76,941
AmerisourceBergen Corp.-Class A		1,035		82,303
Anthem, Inc.		1,750		502,215
Cardinal Health, Inc.		1,995		96,059
Centene Corp. (a)		2,774		147,299
Cigna Corp. (a)		2,561		411,860
CVS Health Corp.		8,729		470,755
DaVita, Inc. (a)		850		46,147
Fresenius Medical Care AG & Co. KGaA		2,085		168,510
Fresenius SE & Co. KGaA		4,696		262,468
HCA Healthcare, Inc.		1,850		241,203
Henry Schein, Inc. (a)		1,040		62,514
Humana, Inc.		965		256,690
Laboratory Corp. of America Holdings (a)		725		110,911
McKesson Corp.		1,365		159,787
Medipal Holdings Corp.		3,900		92,796
NMC Health PLC		1,143		34,069
Quest Diagnostics, Inc.		850		76,432
Ramsay Health Care Ltd.		1,156		52,862
Ryman Healthcare Ltd.		5,937		49,572
Sonic Healthcare Ltd.		5,598		97,699
Suzuken Co., Ltd./Aichi Japan		1,200		69,606
UnitedHealth Group, Inc.		6,535		1,615,844
Universal Health Services, Inc.-Class B		550		73,574
WellCare Health Plans, Inc. (a)		347		93,603
				5,351,719
Health Care Technology - 0.0%
Cerner Corp. (a)		2,180		124,718
M3, Inc.		4,140		69,675
				194,393
Life Sciences Tools & Services - 0.4%
Agilent Technologies, Inc.		2,145		172,415
Illumina, Inc. (a)		1,011		314,108
IQVIA Holdings, Inc. (a)		1,096		157,660
Lonza Group AG (a)		779		241,846
Mettler-Toledo International, Inc. (a)		220		159,060
PerkinElmer, Inc.		755		72,752
QIAGEN NV (a)		2,703		109,720
Sartorius Stedim Biotech		712		90,217
Thermo Fisher Scientific, Inc.		2,785		762,310
Waters Corp. (a)		545		137,182
				2,217,270

Company	Shares		U.S. $ Value
Pharmaceuticals - 3.6%
Allergan PLC		2,100	$	307,461
Astellas Pharma, Inc.		22,500		338,080
AstraZeneca PLC		13,918		1,110,954
Bayer AG		10,385		668,710
Bristol-Myers Squibb Co.		10,965		523,140
Chugai Pharmaceutical Co., Ltd.		2,100		144,646
Daiichi Sankyo Co., Ltd.		5,700		263,213
Eisai Co., Ltd.		2,933		165,031
Eli Lilly & Co.		5,913		767,271
GlaxoSmithKline PLC		54,490		1,132,072
Hisamitsu Pharmaceutical Co., Inc.		1,000		46,127
Ipsen SA		880		120,675
Johnson & Johnson		18,105		2,530,898
Kyowa Hakko Kirin Co., Ltd.		2,152		46,964
Merck & Co., Inc.		17,505		1,455,891
Merck KGaA		1,230		140,430
Mitsubishi Tanabe Pharma Corp.		3,000		40,183
Mylan NV (a)		3,455		97,915
Nektar Therapeutics (a)		1,074		36,086
Novartis AG		24,089		2,315,421
Novo Nordisk A/S-Class B		20,377		1,065,011
Ono Pharmaceutical Co., Ltd.		3,900		76,637
Orion Oyj-Class B		974		36,599
Otsuka Holdings Co., Ltd.		4,348		171,193
Perrigo Co. PLC		822		39,588
Pfizer, Inc.		37,944		1,611,482
Recordati SpA		2,055		80,075
Roche Holding AG		7,721		2,127,559
Sanofi		12,344		1,091,507
Santen Pharmaceutical Co., Ltd.		2,500		37,366
Shionogi & Co., Ltd.		2,800		173,828
Sumitomo Dainippon Pharma Co., Ltd.		2,900		71,975
Taisho Pharmaceutical Holdings Co., Ltd.		567		54,167
Takeda Pharmaceutical Co., Ltd.		16,445		673,460
Teva Pharmaceutical Industries Ltd. (Sponsored ADR) (a)		10,774		168,936
UCB SA		1,519		130,486
Vifor Pharma AG		802		108,535
Zoetis, Inc.		3,246		326,775
				20,296,347
				40,707,019
Industrials - 6.6%
Aerospace & Defense - 1.2%
AerCap Holdings NV (a)		1,405		65,389
Airbus SE		6,243		827,424
Arconic, Inc.		2,856		54,578
BAE Systems PLC		33,818		212,572
Boeing Co. (The)		3,560		1,357,855
Dassault Aviation SA		41		60,479

Company	Shares		U.S. $ Value
Elbit Systems Ltd.		250	$	32,384
General Dynamics Corp.		1,910		323,325
Harris Corp.		845		134,955
Huntington Ingalls Industries, Inc.		329		68,169
L3 Technologies, Inc.		525		108,344
Leonardo SpA		5,271		61,390
Lockheed Martin Corp.		1,700		510,272
Meggitt PLC		10,854		71,154
MTU Aero Engines AG		579		131,237
Northrop Grumman Corp.		1,240		334,304
Raytheon Co.		1,950		355,056
Rolls-Royce Holdings PLC (a)		19,591		230,715
Safran SA		3,586		491,500
Singapore Technologies Engineering Ltd.		43,000		118,912
Textron, Inc.		1,555		78,776
Thales SA		1,184		141,855
TransDigm Group, Inc. (a)		363		164,798
United Technologies Corp.		5,475		705,673
				6,641,116
Air Freight & Logistics - 0.3%
Bollore SA		25,929		117,248
CH Robinson Worldwide, Inc.		865		75,246
Deutsche Post AG		10,803		351,562
Expeditors International of Washington, Inc.		1,120		85,008
FedEx Corp.		1,615		292,977
Kuehne & Nagel International AG		477		65,447
Royal Mail PLC		8,567		26,620
SG Holdings Co., Ltd.		2,174		63,421
United Parcel Service, Inc.-Class B		4,655		520,150
Yamato Holdings Co., Ltd.		3,400		87,961
				1,685,640
Airlines - 0.2%
Alaska Air Group, Inc.		743		41,697
American Airlines Group, Inc.		2,682		85,180
ANA Holdings, Inc.		1,007		36,945
Delta Air Lines, Inc.		4,202		217,033
Deutsche Lufthansa AG		3,330		73,197
easyJet PLC		2,320		33,799
Japan Airlines Co., Ltd.		900		31,716
Singapore Airlines Ltd.		14,000		99,969
Southwest Airlines Co.		3,405		176,754
United Continental Holdings, Inc. (a)		1,522		121,425
				917,715
Building Products - 0.3%
AGC, Inc./Japan		2,000		70,251
Allegion PLC		635		57,601
AO Smith Corp.		955		50,921
Assa Abloy AB-Class B		9,541		205,917
Cie de Saint-Gobain		4,539		164,579
Daikin Industries Ltd.		2,774		326,069
Fortune Brands Home & Security, Inc.		871		41,468
Geberit AG		360		147,236
Johnson Controls International PLC		6,192		228,732
Kingspan Group PLC		1,858		86,094
LIXIL Group Corp.		2,500		33,414
Masco Corp.		2,005		78,817
TOTO Ltd.		1,522		64,715
				1,555,814

Company	Shares		U.S. $ Value
Commercial Services & Supplies - 0.2%
Babcock International Group PLC		3,784	$	24,347
Brambles Ltd.		15,030		125,649
Cintas Corp.		585		118,234
Copart, Inc. (a)		1,391		84,281
Dai Nippon Printing Co., Ltd.		2,500		59,882
G4S PLC		17,154		41,049
ISS A/S		1,785		54,365
Park24 Co., Ltd.		1,300		28,262
Republic Services, Inc.-Class A		1,400		112,532
Rollins, Inc.		944		39,289
Secom Co., Ltd.		2,338		200,505
Societe BIC SA		891		79,431
Sohgo Security Services Co., Ltd.		1,000		43,618
Toppan Printing Co., Ltd.		2,500		37,833
Waste Management, Inc.		2,645		274,842
				1,324,119
Construction & Engineering - 0.3%
ACS Actividades de Construccion y Servicios SA		2,672		117,466
Bouygues SA		1,739		62,167
CIMIC Group Ltd.		2,988		102,636
Eiffage SA		1,102		105,933
Epiroc AB-Class A (a)		16,027		161,867
Epiroc AB-Class B (a)		3,579		34,290
Ferrovial SA		4,800		112,481
Fluor Corp.		865		31,832
HOCHTIEF AG		422		61,144
Jacobs Engineering Group, Inc.		715		53,761
JGC Corp.		4,000		53,334
Kajima Corp.		3,500		51,774
Obayashi Corp.		6,000		60,472
Quanta Services, Inc.		915		34,532
Shimizu Corp.		4,000		34,837
Skanska AB-Class B		8,587		156,169
Taisei Corp.		2,000		93,046
Vinci SA		5,456		530,879
				1,858,620
Electrical Equipment - 0.5%
ABB Ltd.		20,970		394,119
AMETEK, Inc.		1,499		124,372
Eaton Corp. PLC		2,844		229,113
Emerson Electric Co.		4,150		284,150
Fuji Electric Co., Ltd.		2,800		79,719
Legrand SA		2,541		170,120
Melrose Industries PLC		52,623		125,692
Mitsubishi Electric Corp.		21,000		270,950
Nidec Corp.		2,567		326,868
OSRAM Licht AG		678		23,357
Prysmian SpA		1,074		20,355
Rockwell Automation, Inc.		830		145,632
Schneider Electric SE		6,098		478,623
Siemens Gamesa Renewable Energy SA (a)		810		12,911
Vestas Wind Systems A/S		2,133		179,782
				2,865,763

Company	Shares		U.S. $ Value
Industrial Conglomerates - 0.8%
3M Co.		3,955	$	821,770
CK Hutchison Holdings Ltd.		25,840		271,717
DCC PLC		1,216		105,213
General Electric Co.		58,659		586,003
Honeywell International, Inc.		5,005		795,395
Jardine Matheson Holdings Ltd.		2,300		143,588
Jardine Strategic Holdings Ltd.		2,005		75,207
Keihan Holdings Co., Ltd.		1,000		42,099
Keppel Corp., Ltd.		13,000		59,817
NWS Holdings Ltd.		37,000		81,006
Roper Technologies, Inc.		725		247,928
Siemens AG		8,153		876,794
Smiths Group PLC		3,761		70,379
Toshiba Corp.		7,200		229,492
				4,406,408
Machinery - 1.1%
Alfa Laval AB		3,778		86,822
Alstom SA		3,502		151,853
Amada Holdings Co., Ltd.		3,000		29,767
ANDRITZ AG		693		29,722
Atlas Copco AB-Class A		6,392		171,951
Atlas Copco AB-Class B SHS		3,579		88,768
Caterpillar, Inc.		3,985		539,928
CNH Industrial NV		22,634		230,610
Cummins, Inc.		1,000		157,870
Daifuku Co., Ltd.		1,030		53,879
Deere & Co.		2,135		341,258
Dover Corp.		985		92,393
FANUC Corp.		2,100		359,129
Flowserve Corp.		810		36,563
Fortive Corp.		1,970		165,263
GEA Group AG		1,741		45,630
Hino Motors Ltd.		6,000		50,653
Hitachi Construction Machinery Co., Ltd.		3,000		79,976
Hoshizaki Corp.		400		24,831
IHI Corp.		2,600		62,635
Illinois Tool Works, Inc.		2,025		290,648
Ingersoll-Rand PLC		1,605		173,260
JTEKT Corp.		4,300		53,097
Kawasaki Heavy Industries Ltd.		900		22,260
KION Group AG		1,747		91,417
Komatsu Ltd.		9,800		228,571
Kone Oyj-Class B		3,593		181,476
Kubota Corp.		10,000		145,353
Kurita Water Industries Ltd.		1,200		30,726
Makita Corp.		2,200		76,890
Metso Oyj		1,073		36,994
MINEBEA MITSUMI, Inc.		4,131		62,355
MISUMI Group, Inc.		2,900		72,405
Mitsubishi Heavy Industries Ltd.		3,100		129,003
Nabtesco Corp.		1,000		29,304
NGK Insulators Ltd.		2,000		29,138
NSK Ltd.		4,719		44,369
PACCAR, Inc.		2,310		157,403
Parker-Hannifin Corp.		945		162,181

Company	Shares		U.S. $ Value
Pentair PLC		1,060	$	47,181
Sandvik AB		12,165		197,853
Schindler Holding AG		413		85,696
Schindler Holding AG (REG)		575		119,044
SKF AB-Class B		4,700		78,195
SMC Corp./Japan		600		226,174
Snap-on, Inc.		420		65,738
Stanley Black & Decker, Inc.		1,065		145,021
Sumitomo Heavy Industries Ltd.		1,200		39,000
THK Co., Ltd.		1,531		38,024
Volvo AB-Class B		14,676		227,715
Wabtec Corp.		315		23,222
Wartsila Oyj Abp		4,224		68,313
Weir Group PLC (The)		2,037		41,402
Xylem, Inc./NY		1,135		89,710
Yangzijiang Shipbuilding Holdings Ltd.		56,331		62,553
				6,371,192
Marine - 0.0%
AP Moller-Maersk A/S-Class A		70		84,711
AP Moller-Maersk A/S-Class B		68		86,214
Mitsui OSK Lines Ltd.		1,200		25,891
Nippon Yusen KK		3,100		45,524
				242,340
Professional Services - 0.4%
Adecco Group AG		1,673		89,346
Bureau Veritas SA		3,094		72,588
Equifax, Inc.		755		89,467
Experian PLC		10,230		276,879
Intertek Group PLC		1,536		97,304
Nielsen Holdings PLC		2,316		54,820
Randstad NV		1,613		78,759
Recruit Holdings Co., Ltd.		11,748		336,820
RELX PLC (London)		26,788		573,244
Robert Half International, Inc.		785		51,151
SEEK Ltd.		4,101		51,161
SGS SA		52		129,516
Verisk Analytics, Inc.-Class A		1,100		146,300
Wolters Kluwer NV		5,568		379,343
				2,426,698
Road & Rail - 0.7%
Aurizon Holdings Ltd.		22,082		71,391
Central Japan Railway Co.		1,537		357,270
CSX Corp.		5,360		401,035
DSV A/S		1,630		134,886
East Japan Railway Co.		3,600		347,637
Hankyu Hanshin Holdings, Inc.		2,200		82,583
JB Hunt Transport Services, Inc.		603		61,078
Kansas City Southern		670		77,707
Keikyu Corp.		2,000		33,980
Keio Corp.		1,200		77,624
Keisei Electric Railway Co., Ltd.		2,945		107,099
Kintetsu Group Holdings Co., Ltd.		1,700		79,298
Kyushu Railway Co.		1,722		56,645
MTR Corp., Ltd.		15,500		96,036
Nagoya Railroad Co., Ltd.		1,800		49,882
Nippon Express Co., Ltd.		1,200		66,907

Company	Shares		U.S. $ Value
Norfolk Southern Corp.		1,840	$	343,878
Odakyu Electric Railway Co., Ltd.		3,000		72,800
Seibu Holdings, Inc.		3,142		55,051
Tobu Railway Co., Ltd.		1,200		34,682
Tokyu Corp.		5,000		87,406
Union Pacific Corp.		5,000		836,000
West Japan Railway Co.		1,568		118,142
				3,649,017
Trading Companies & Distributors - 0.4%
Ashtead Group PLC		5,697		137,723
Brenntag AG		1,471		75,629
Bunzl PLC		3,191		105,322
Fastenal Co.		1,880		120,903
Ferguson PLC		2,936		186,997
ITOCHU Corp.		16,000		289,980
Marubeni Corp.		16,000		110,934
Mitsubishi Corp.		16,100		448,244
Mitsui & Co., Ltd.		18,200		283,200
MonotaRO Co., Ltd.		2,090		46,721
Sumitomo Corp.		11,300		156,667
Toyota Tsusho Corp.		2,300		75,150
United Rentals, Inc. (a)		500		57,125
WW Grainger, Inc.		380		114,353
				2,208,948
Transportation Infrastructure - 0.2%
Aena SME SA (b)		780		140,549
Aeroports de Paris		1,000		193,478
Atlantia SpA		176		4,564
Auckland International Airport Ltd.		10,521		58,366
Getlink SE		6,892		104,512
Kamigumi Co., Ltd.		1,500		34,790
Sydney Airport		8,828		46,602
Transurban Group		24,623		230,942
				813,803
				36,967,193
Consumer Discretionary - 6.0%
Auto Components - 0.3%
Aisin Seiki Co., Ltd.		1,800		64,438
Aptiv PLC		1,691		134,418
BorgWarner, Inc.		1,380		53,006
Bridgestone Corp.		6,900		265,881
Cie Generale des Etablissements Michelin SCA-Class B		1,732		204,626
Continental AG		1,047		157,949
Denso Corp.		5,200		203,160
Faurecia SA		1,635		68,826
Koito Manufacturing Co., Ltd.		1,000		56,853
NGK Spark Plug Co., Ltd.		3,000		55,876
Nokian Renkaat Oyj		1,090		36,531
Stanley Electric Co., Ltd.		1,600		43,116
Sumitomo Electric Industries Ltd.		7,200		95,782
Sumitomo Rubber Industries Ltd.		4,100		49,243
Toyota Industries Corp.		1,600		80,398
Valeo SA		2,277		66,108
Yokohama Rubber Co., Ltd. (The)		1,000		18,615
				1,654,826

Company	Shares		U.S. $ Value
Automobiles - 1.0%
Bayerische Motoren Werke AG		3,152	$	243,379
Daimler AG		10,262		602,207
Ferrari NV		1,527		205,150
Fiat Chrysler Automobiles NV (a)		14,140		211,191
Ford Motor Co.		26,320		231,090
General Motors Co.		8,816		327,074
Harley-Davidson, Inc.		1,050		37,443
Honda Motor Co., Ltd.		18,521		503,044
Isuzu Motors Ltd.		5,500		72,462
Mazda Motor Corp.		5,200		58,302
Mitsubishi Motors Corp.		11,400		60,741
Nissan Motor Co., Ltd.		26,300		215,979
Peugeot SA		7,475		182,402
Porsche Automobil Holding SE (Preference Shares)		1,458		91,493
Renault SA		1,830		120,995
Subaru Corp.		6,000		136,996
Suzuki Motor Corp.		3,500		155,148
Toyota Motor Corp.		25,102		1,478,778
Volkswagen AG		630		102,707
Volkswagen AG (Preference Shares)		2,067		325,873
Yamaha Motor Co., Ltd.		2,700		53,110
				5,415,564
Distributors - 0.1%
Genuine Parts Co.		1,010		113,150
Jardine Cycle & Carriage Ltd.		2,000		48,040
LKQ Corp. (a)		2,064		58,577
				219,767
Diversified Consumer Services - 0.0%
Benesse Holdings, Inc.		300		7,807
H&R Block, Inc.		1,320		31,601
				39,408
Hotels, Restaurants & Leisure - 1.0%
Accor SA		2,705		109,577
Aristocrat Leisure Ltd.		4,876		85,041
Carnival Corp.		2,685		136,183
Carnival PLC		2,273		112,349
Chipotle Mexican Grill, Inc.-Class A (a)		244		173,316
Compass Group PLC		16,836		396,124
Crown Resorts Ltd.		9,430		77,121
Darden Restaurants, Inc.		870		105,679
Domino’s Pizza Enterprises Ltd.		823		25,378
Galaxy Entertainment Group Ltd.		20,155		137,357
Genting Singapore Ltd.		92,000		70,768
GVC Holdings PLC		5,872		42,810
Hilton Worldwide Holdings, Inc.		1,966		163,394
InterContinental Hotels Group PLC		1,950		117,356
Marriott International, Inc./MD-Class A		1,931		241,549
McDonald’s Corp.		5,180		983,682
McDonald’s Holdings Co. Japan Ltd.		2,200		101,780
Melco Resorts & Entertainment Ltd. (ADR)		2,651		59,886

Company	Shares		U.S. $ Value
Merlin Entertainments PLC (b)		11,141	$	49,872
MGM Resorts International		3,360		86,218
Norwegian Cruise Line Holdings Ltd. (a)		1,481		81,396
Oriental Land Co., Ltd./Japan		2,100		238,846
Paddy Power Betfair PLC		1,060		81,748
Royal Caribbean Cruises Ltd.		1,177		134,908
Sands China Ltd.		39,744		200,029
Sodexo SA		1,005		110,670
Starbucks Corp.		8,311		617,840
Tabcorp Holdings Ltd.		26,623		87,365
TUI AG		4,841		46,432
Whitbread PLC		2,125		140,624
Wynn Macau Ltd.		77,455		182,921
Wynn Resorts Ltd.		660		78,751
Yum! Brands, Inc.		2,045		204,111
				5,481,081
Household Durables - 0.4%
Auto Trader Group PLC (b)		9,529		64,810
Barratt Developments PLC		9,541		74,528
Berkeley Group Holdings PLC		1,236		59,421
Casio Computer Co., Ltd.		181		2,369
DR Horton, Inc.		2,255		93,312
Electrolux AB-Class B		2,430		62,575
Garmin Ltd.		770		66,489
Husqvarna AB-Class B		8,194		67,014
Iida Group Holdings Co., Ltd.		2,902		52,658
Leggett & Platt, Inc.		825		34,831
Lennar Corp.-Class A		1,900		93,271
Mohawk Industries, Inc. (a)		450		56,767
Newell Brands, Inc.		2,855		43,796
Nikon Corp.		3,200		45,244
Panasonic Corp.		23,500		202,619
Persimmon PLC		3,527		99,763
PulteGroup, Inc.		1,735		48,511
Rinnai Corp.		700		49,564
SEB SA		568		95,630
Sekisui Chemical Co., Ltd.		4,000		64,455
Sekisui House Ltd.		6,000		99,429
Sharp Corp./Japan (a)		4,999		55,231
Sony Corp.		14,135		596,796
Taylor Wimpey PLC		31,025		70,960
Techtronic Industries Co., Ltd.		13,454		90,608
Whirlpool Corp.		450		59,800
				2,350,451
Internet & Direct Marketing Retail - 1.1%
Amazon.com, Inc. (a)		2,820		5,021,715
Booking Holdings, Inc. (a)		347		605,484
Delivery Hero SE (a)(b)		1,586		57,287
eBay, Inc.		6,085		225,997
Expedia Group, Inc.		832		99,008
Rakuten, Inc.		8,852		84,004
Zalando SE (a)(b)		2,021		78,780
ZOZO, Inc.		2,592		49,004
				6,221,279

Company	Shares		U.S. $ Value
Leisure Products - 0.1%
Bandai Namco Holdings, Inc.		1,900	$	89,207
Hasbro, Inc.		800		68,016
Mattel, Inc. (a)(c)		2,235		29,055
Sankyo Co., Ltd.		300		11,453
Shimano, Inc.		700		113,972
Yamaha Corp.		1,600		80,118
				391,821
Multiline Retail - 0.3%
Dollar General Corp.		1,770		211,161
Dollar Tree, Inc. (a)		1,588		166,803
Isetan Mitsukoshi Holdings Ltd.		2,200		22,257
J Front Retailing Co., Ltd.		3,500		41,705
Kohl’s Corp.		1,080		74,272
Macy’s, Inc.		2,005		48,180
Marks & Spencer Group PLC		15,442		56,043
Marui Group Co., Ltd.		3,300		66,723
Next PLC		1,643		119,390
Nordstrom, Inc.		720		31,954
Pan Pacific International Holdings Corp.		1,000		66,254
Ryohin Keikaku Co., Ltd.		257		65,236
Target Corp.		3,525		282,916
Wesfarmers Ltd.		12,002		295,548
				1,548,442
Specialty Retail - 0.9%
ABC-Mart, Inc.		500		29,768
Advance Auto Parts, Inc.		531		90,551
AutoZone, Inc. (a)		225		230,427
Best Buy Co., Inc.		1,500		106,590
CarMax, Inc. (a)		1,120		78,176
Fast Retailing Co., Ltd.		641		301,886
Foot Locker, Inc.		692		41,935
Gap, Inc. (The)		1,405		36,783
Hennes & Mauritz AB-Class B		9,038		150,783
Hikari Tsushin, Inc.		500		94,904
Home Depot, Inc. (The)		7,630		1,464,121
Industria de Diseno Textil SA		11,626		341,821
Kingfisher PLC		29,522		90,536
L Brands, Inc.		1,485		40,956
Lowe’s Cos., Inc.		5,390		590,043
Nitori Holdings Co., Ltd.		750		96,972
O’Reilly Automotive, Inc. (a)		590		229,097
Ross Stores, Inc.		2,450		228,095
Shimamura Co., Ltd.		200		16,950
Tiffany & Co.		705		74,413
TJX Cos., Inc. (The)		8,340		443,771
Tractor Supply Co.		765		74,786
Ulta Salon Cosmetics & Fragrance, Inc. (a)		402		140,190
USS Co., Ltd.		4,120		76,622
Yamada Denki Co., Ltd.		10,990		54,201
				5,124,377
Textiles, Apparel & Luxury Goods - 0.8%
adidas AG		2,040		496,172
Burberry Group PLC		4,236		107,961

Company	Shares		U.S. $ Value
Capri Holdings Ltd. (a)		959	$	43,874
Cie Financiere Richemont SA		5,585		407,444
EssilorLuxottica SA		2,369		258,789
Hanesbrands, Inc.		2,427		43,395
Hermes International		281		185,536
HUGO BOSS AG		1,317		90,049
Kering SA		721		413,567
LVMH Moet Hennessy Louis Vuitton SE		2,973		1,095,056
Moncler SpA		2,123		85,683
NIKE, Inc.-Class B		8,520		717,469
Pandora A/S		1,106		51,782
Puma SE		60		34,797
PVH Corp.		545		66,463
Ralph Lauren Corp.		390		50,575
Swatch Group AG (The)		294		84,202
Swatch Group AG (The) (REG)		1,834		101,551
Tapestry, Inc.		1,930		62,706
Under Armour, Inc.-Class A (a)		1,247		26,362
Under Armour, Inc.-Class C (a)		1,254		23,663
VF Corp.		2,110		183,380
				4,630,476
				33,077,492
Consumer Staples - 5.3%
Beverages - 1.2%
Anheuser-Busch InBev SA/NV		8,385		703,872
Asahi Group Holdings Ltd.		3,700		165,162
Brown-Forman Corp.-Class B		1,092		57,636
Carlsberg A/S-Class B		1,051		131,426
Coca-Cola Amatil Ltd.		14,439		88,743
Coca-Cola Bottlers Japan Holdings, Inc.		1,300		33,068
Coca-Cola Co. (The)		25,830		1,210,394
Coca-Cola European Partners PLC (a)		2,437		126,090
Coca-Cola HBC AG (a)		1,928		65,743
Constellation Brands, Inc.-Class A		1,170		205,136
Diageo PLC		27,623		1,130,390
Heineken Holding NV		1,000		100,338
Heineken NV		2,500		264,235
Kirin Holdings Co., Ltd.		9,345		223,567
Molson Coors Brewing Co.-Class B		1,200		71,580
Monster Beverage Corp. (a)		2,680		146,274
PepsiCo, Inc.		9,475		1,161,161
Pernod Ricard SA		2,021		362,892
Remy Cointreau SA		1,062		141,645
Suntory Beverage & Food Ltd.		1,324		62,270
Treasury Wine Estates Ltd.		6,024		63,946
				6,515,568
Food & Staples Retailing - 0.8%
Aeon Co., Ltd.		6,200		129,861
Carrefour SA		5,903		110,251
Casino Guichard Perrachon SA		1,228		53,241
Coles Group Ltd. (a)		12,002		100,986
Colruyt SA		862		63,695
Costco Wholesale Corp.		2,965		717,945
FamilyMart UNY Holdings Co., Ltd.		3,200		81,571
ICA Gruppen AB		2,462		98,844

Company	Shares		U.S. $ Value
J Sainsbury PLC		18,022	$	55,303
Jeronimo Martins SGPS SA		2,405		35,511
Koninklijke Ahold Delhaize NV		9,852		262,297
Kroger Co. (The)		5,380		132,348
Lawson, Inc.		600		33,285
METRO AG		7,593		126,109
Seven & i Holdings Co., Ltd.		8,000		301,842
Sundrug Co., Ltd.		1,000		27,598
Sysco Corp.		3,155		210,628
Tesco PLC		106,921		323,596
Tsuruha Holdings, Inc.		600		48,866
Walgreens Boots Alliance, Inc.		5,345		338,178
Walmart, Inc.		9,563		932,679
Wm Morrison Supermarkets PLC		31,098		92,254
Woolworths Group Ltd.		14,003		302,407
				4,579,295
Food Products - 1.3%
a2 Milk Co., Ltd. (a)		8,040		78,669
Ajinomoto Co., Inc.		5,000		80,035
Archer-Daniels-Midland Co.		3,715		160,228
Associated British Foods PLC		3,965		126,079
Barry Callebaut AG		91		164,485
Calbee, Inc.		1,315		35,516
Campbell Soup Co.		1,225		46,709
Chocoladefabriken Lindt & Spruengli AG (REG)		1		78,232
Conagra Brands, Inc.		3,185		88,352
Danone SA		6,291		484,413
General Mills, Inc.		3,935		203,636
Hershey Co. (The)		900		103,347
Hormel Foods Corp.		1,750		78,330
JM Smucker Co. (The)		795		92,618
Kellogg Co.		1,665		95,538
Kerry Group PLC-Class A		1,906		212,737
Kikkoman Corp.		1,619		79,608
Kraft Heinz Co. (The)		4,178		136,412
Lamb Weston Holdings, Inc.		940		70,444
Marine Harvest ASA (a)		4,327		96,669
McCormick & Co., Inc./MD		825		124,270
MEIJI Holdings Co., Ltd.		1,100		89,420
Mondelez International, Inc.-Class A		9,735		485,971
Nestle SA		33,982		3,240,198
NH Foods Ltd.		933		33,618
Nisshin Seifun Group, Inc.		4,000		91,953
Nissin Foods Holdings Co., Ltd.		1,200		82,567
Orkla ASA		10,095		77,527
Toyo Suisan Kaisha Ltd.		1,000		38,120
Tyson Foods, Inc.-Class A		1,975		137,124
WH Group Ltd. (b)		67,807		72,528
Wilmar International Ltd.		26,000		63,573
Yakult Honsha Co., Ltd.		1,333		93,461
Yamazaki Baking Co., Ltd.		59		959
				7,143,346
Household Products - 0.7%
Church & Dwight Co., Inc.		1,576		112,258
Clorox Co. (The)		820		131,577
Colgate-Palmolive Co.		5,800		397,532
Essity AB-Class B		4,979		143,686

Company	Shares		U.S. $ Value
Henkel AG & Co. KGaA		989	$	94,106
Henkel AG & Co. KGaA (Preference Shares)		1,696		173,288
Kimberly-Clark Corp.		2,315		286,829
Lion Corp.		2,000		42,148
Pigeon Corp.		1,287		52,804
Procter & Gamble Co. (The)		16,770		1,744,919
Reckitt Benckiser Group PLC		7,478		622,338
Unicharm Corp.		3,800		125,978
				3,927,463
Personal Products - 0.7%
Beiersdorf AG		1,051		109,415
Coty, Inc.-Class A		2,962		34,063
Estee Lauder Cos., Inc. (The)-Class A		1,440		238,392
Kao Corp.		5,400		426,204
Kobayashi Pharmaceutical Co., Ltd.		809		68,448
Kose Corp.		500		92,155
L’Oreal SA		2,700		727,087
Pola Orbis Holdings, Inc.		1,800		57,575
Shiseido Co., Ltd.		4,176		302,363
Unilever NV		15,507		904,080
Unilever PLC		12,594		724,943
				3,684,725
Tobacco - 0.6%
Altria Group, Inc.		12,660		727,064
British American Tobacco PLC		25,542		1,065,556
Imperial Brands PLC		10,218		349,529
Japan Tobacco, Inc.		11,724		290,378
Philip Morris International, Inc.		10,450		923,675
Swedish Match AB		2,884		147,150
				3,503,352
				29,353,749
Communication Services - 4.4%
Diversified Telecommunication Services - 1.2%
AT&T, Inc.		49,137		1,540,936
Bezeq The Israeli Telecommunication Corp., Ltd.		25,040		18,010
BT Group PLC		101,334		294,408
CenturyLink, Inc.		6,362		76,280
Deutsche Telekom AG		34,368		570,962
Elisa Oyj		1,354		61,088
Eurazeo SE		1,438		108,128
HKT Trust & HKT Ltd.-Class SS		55,098		88,578
Iliad SA		714		71,743
Koninklijke KPN NV		28,755		91,279
Nippon Telegraph & Telephone Corp.		7,400		315,470
Orange SA		18,911		308,307
Proximus SADP		1,568		45,316
Singapore Telecommunications Ltd.		76,000		169,660
Spark New Zealand Ltd.		17,417		45,117
Swisscom AG		247		120,850
Telecom Italia SpA/Milano (a)		150,129		93,507
Telefonica Deutschland Holding AG		17,113		53,731
Telefonica SA		52,707		441,520
Telenor ASA		7,146		143,091
Telia Co. AB		24,258		109,346
Telstra Corp., Ltd.		40,732		96,048

Company	Shares		U.S. $ Value
TPG Telecom Ltd.		8,880	$	43,849
United Internet AG		2,321		84,870
Verizon Communications, Inc.		27,845		1,646,475
Washington H Soul Pattinson & Co., Ltd.		3,258		60,970
				6,699,539
Entertainment - 0.7%
Activision Blizzard, Inc.		5,105		232,431
DeNA Co., Ltd.		1,663		25,068
Electronic Arts, Inc. (a)		2,035		206,817
Konami Holdings Corp.		1,300		56,563
Netflix, Inc. (a)		2,982		1,063,262
Nexon Co., Ltd. (a)		5,190		81,620
Nintendo Co., Ltd.		1,200		344,029
Take-Two Interactive Software, Inc. (a)		785		74,080
Toho Co., Ltd./Tokyo		1,000		40,227
Ubisoft Entertainment SA (a)		804		71,695
Viacom, Inc.-Class B		2,310		64,842
Vivendi SA		11,072		320,867
Walt Disney Co. (The)		11,952		1,327,030
				3,908,531
Interactive Media & Services - 1.4%
Alphabet, Inc.-Class A (a)		2,039		2,399,679
Alphabet, Inc.-Class C (a)		2,144		2,515,577
Facebook, Inc.-Class A (a)		16,237		2,706,546
Kakaku.com, Inc.		3,799		73,188
LINE Corp. (a)		33		1,162
REA Group Ltd.		1,002		53,212
TripAdvisor, Inc. (a)		612		31,487
Twitter, Inc. (a)		4,786		157,364
Yahoo Japan Corp.		32,653		80,086
				8,018,301
Media - 0.6%
Axel Springer SE		2,191		113,260
CBS Corp.-Class B		2,240		106,467
Charter Communications, Inc.-Class A (a)		1,223		424,271
Comcast Corp.-Class A		30,602		1,223,468
CyberAgent, Inc.		1,112		45,504
Dentsu, Inc.		2,100		88,877
Discovery, Inc.-Class A (a)		1,045		28,236
Discovery, Inc.-Class C (a)		2,354		59,839
DISH Network Corp.-Class A (a)		1,475		46,743
Eutelsat Communications SA		3,140		54,988
Fox Corp.-Class A (a)		2,440		89,572
Fox Corp.-Class B (a)		1,022		36,669
Hakuhodo DY Holdings, Inc.		2,490		40,094
Informa PLC		13,755		133,383
Interpublic Group of Cos., Inc. (The)		2,595		54,521
ITV PLC		44,429		73,616
JCDecaux SA		1,905		57,954
News Corp.-Class A		2,558		31,822
News Corp.-Class B		817		10,204
Omnicom Group, Inc.		1,460		106,565

Company	Shares		U.S. $ Value
Pearson PLC		7,821	$	85,325
Publicis Groupe SA		1,801		96,429
RTL Group SA		1,166		63,830
Schibsted ASA-Class B		2,252		80,681
SES SA		4,651		72,337
Singapore Press Holdings Ltd.		29,528		52,615
Telenet Group Holding NV		715		34,384
WPP PLC		13,761		145,372
				3,457,026
Wireless Telecommunication Services - 0.5%
KDDI Corp.		19,550		421,054
Millicom International Cellular SA		641		38,929
NTT DOCOMO, Inc.		14,767		327,290
Softbank Corp.		19,000		214,058
SoftBank Group Corp.		9,192		896,005
Tele2 AB-Class B		3,826		51,051
Vodafone Group PLC		293,152		534,196
				2,482,583
				24,565,980
Energy - 3.1%
Energy Equipment & Services - 0.2%
Baker Hughes a GE Co.-Class A		3,460		95,911
Halliburton Co.		5,890		172,577
Helmerich & Payne, Inc.		735		40,837
John Wood Group PLC		7,316		48,359
National Oilwell Varco, Inc.		2,505		66,733
Schlumberger Ltd.		9,300		405,201
TechnipFMC PLC		2,818		66,279
Tenaris SA		10,900		153,549
				1,049,446
Oil, Gas & Consumable Fuels - 2.9%
Aker BP ASA		1,570		55,990
Anadarko Petroleum Corp.		3,395		154,404
Apache Corp.		2,545		88,210
BP PLC		222,466		1,615,431
Cabot Oil & Gas Corp.		2,840		74,124
Caltex Australia Ltd.		3,100		57,673
Chevron Corp.		12,880		1,586,558
Cimarex Energy Co.		577		40,332
Concho Resources, Inc.		1,307		145,025
ConocoPhillips		7,720		515,233
Devon Energy Corp.		3,120		98,467
Diamondback Energy, Inc.		1,078		109,449
Enagas SA		2,159		62,854
Eni SpA		24,216		427,861
EOG Resources, Inc.		3,860		367,395
Equinor ASA		12,989		284,720
Exxon Mobil Corp.		28,510		2,303,608
Galp Energia SGPS SA		5,341		85,582
Hess Corp.		1,640		98,777
HollyFrontier Corp.		1,000		49,270
Idemitsu Kosan Co., Ltd.		1,200		40,138
Inpex Corp.		11,643		110,759
JXTG Holdings, Inc.		32,750		149,502
Kinder Morgan, Inc./DE		12,789		255,908

Company	Shares		U.S. $ Value
Koninklijke Vopak NV		502	$	24,044
Lundin Petroleum AB		3,430		116,147
Marathon Oil Corp.		5,605		93,659
Marathon Petroleum Corp.		4,641		277,764
Neste Oyj		1,428		152,226
Noble Energy, Inc.		3,200		79,136
Occidental Petroleum Corp.		5,050		334,310
Oil Search Ltd.		18,278		101,694
OMV AG		1,402		76,130
ONEOK, Inc.		2,718		189,825
Origin Energy Ltd.		16,658		85,272
Phillips 66		2,810		267,428
Pioneer Natural Resources Co.		1,115		169,792
Repsol SA		15,886		271,782
Royal Dutch Shell PLC-Class A		51,172		1,608,127
Royal Dutch Shell PLC-Class B		41,786		1,320,671
Santos Ltd.		18,468		89,418
Showa Shell Sekiyu KK (a)		4,285		58,640
Snam SpA		26,833		138,032
TOTAL SA		26,478		1,473,482
Valero Energy Corp.		2,825		239,645
Williams Cos., Inc. (The)		8,158		234,298
Woodside Petroleum Ltd.		10,061		246,998
				16,425,790
				17,475,236
Materials - 2.9%
Chemicals - 1.5%
Air Liquide SA		4,557		579,930
Air Products & Chemicals, Inc.		1,520		290,259
Akzo Nobel		3,226		286,576
Albemarle Corp. (c)		661		54,189
Arkema SA		1,159		110,567
Asahi Kasei Corp.		12,000		124,275
BASF SE		9,789		721,908
Celanese Corp.-Class A		858		84,607
CF Industries Holdings, Inc.		1,500		61,320
Chr Hansen Holding A/S		1,460		148,196
Clariant AG (a)		1,891		39,803
Covestro AG (b)		1,766		97,432
Croda International PLC		1,689		110,963
Daicel Corp.		3,000		32,673
DowDuPont, Inc.		15,470		824,706
Eastman Chemical Co.		930		70,568
Ecolab, Inc.		1,740		307,180
EMS-Chemie Holding AG		203		110,197
Evonik Industries AG		2,574		70,242
FMC Corp.		830		63,761
FUCHS PETROLUB SE (Preference Shares)		1,173		48,421
Givaudan SA		88		225,239
Hitachi Chemical Co., Ltd.		3,000		66,762
Incitec Pivot Ltd.		32,013		70,988
International Flavors & Fragrances, Inc.		651		83,804
Israel Chemicals Ltd.		9,886		51,654
Johnson Matthey PLC		1,842		75,539
JSR Corp.		800		12,447
Kansai Paint Co., Ltd.		3,000		57,345
Koninklijke DSM NV		2,026		221,006

Company	Shares		U.S. $ Value
Kuraray Co., Ltd.		3,000	$	38,269
LANXESS AG		1,767		94,466
Linde PLC		3,700		650,941
LyondellBasell Industries NV-Class A		2,099		176,484
Mitsubishi Chemical Holdings Corp.		13,000		91,814
Mitsubishi Gas Chemical Co., Inc.		2,500		35,809
Mitsui Chemicals, Inc.		1,600		38,752
Mosaic Co. (The)		2,330		63,632
Nippon Paint Holdings Co., Ltd.		2,000		78,948
Nissan Chemical Corp.		1,000		45,938
Nitto Denko Corp.		1,600		84,335
Novozymes A/S-Class B		2,458		113,045
Orica Ltd.		7,662		95,968
PPG Industries, Inc.		1,650		186,235
Sherwin-Williams Co. (The)		565		243,351
Shin-Etsu Chemical Co., Ltd.		4,100		345,010
Showa Denko KK		1,500		53,022
Sika AG		1,200		167,823
Solvay SA		927		100,362
Sumitomo Chemical Co., Ltd.		15,000		70,025
Symrise AG		1,178		106,194
Taiyo Nippon Sanso Corp.		3,206		48,952
Teijin Ltd.		3,000		49,608
Toray Industries, Inc.		14,000		89,339
Tosoh Corp.		3,149		49,135
Umicore SA		2,002		89,104
Yara International ASA		1,297		53,144
				8,362,262
Construction Materials - 0.2%
Boral Ltd.		17,642		57,582
CRH PLC		8,841		274,032
Fletcher Building Ltd.		8,637		29,127
HeidelbergCement AG		1,342		96,734
James Hardie Industries PLC		3,449		44,499
LafargeHolcim Ltd. (a)		5,336		263,826
Martin Marietta Materials, Inc.		477		95,963
Taiheiyo Cement Corp.		1,304		43,552
Vulcan Materials Co.		915		108,336
				1,013,651
Containers & Packaging - 0.1%
Amcor Ltd./Australia		11,024		120,618
Avery Dennison Corp.		585		66,105
Ball Corp.		2,220		128,449
International Paper Co.		2,665		123,310
Packaging Corp. of America		575		57,144
Sealed Air Corp.		1,040		47,902
Smurfit Kappa Group PLC		2,476		69,201
Toyo Seikan Group Holdings Ltd.		1,700		34,873
Westrock Co.		1,647		63,162
				710,764
Metals & Mining - 1.0%
Alumina Ltd.		28,452		48,997
Anglo American PLC		11,577		309,643
Antofagasta PLC		6,389		80,384
ArcelorMittal		12,535		254,389
BHP Group Ltd.		32,976		901,343

Company	Shares		U.S. $ Value
BHP Group PLC		23,519	$	567,442
BlueScope Steel Ltd.		6,941		68,893
Boliden AB		4,189		119,382
Fortescue Metals Group Ltd.		18,067		91,440
Freeport-McMoRan, Inc.		9,725		125,355
Fresnillo PLC		2,356		26,700
Glencore PLC (a)		130,406		540,423
Hitachi Metals Ltd.		5,000		58,251
JFE Holdings, Inc.		5,000		85,104
Kobe Steel Ltd.		1,199		9,021
Mitsubishi Materials Corp.		2,700		71,396
Newcrest Mining Ltd.		7,017		127,078
Newmont Mining Corp.		3,595		128,593
Nippon Steel & Sumitomo Metal Corp.		8,643		152,986
Norsk Hydro ASA		16,444		66,875
Nucor Corp.		2,110		123,119
Rio Tinto Ltd.		4,038		281,213
Rio Tinto PLC		13,185		766,352
South32 Ltd.		56,741		150,692
Sumitomo Metal Mining Co., Ltd.		2,500		74,080
thyssenkrupp AG		3,919		53,909
voestalpine AG		1,082		32,891
				5,315,951
Paper & Forest Products - 0.1%
Mondi PLC		3,496		77,412
Oji Holdings Corp.		14,000		87,120
Stora Enso Oyj-Class R		6,056		74,145
UPM-Kymmene Oyj		5,689		166,158
				404,835
				15,807,463
Utilities - 2.0%
Electric Utilities - 1.1%
Alliant Energy Corp.		1,588		74,842
American Electric Power Co., Inc.		3,325		278,469
AusNet Services		37,398		47,160
Chubu Electric Power Co., Inc.		6,100		95,362
Chugoku Electric Power Co., Inc. (The)		4,000		49,930
CK Infrastructure Holdings Ltd.		15,000		123,119
CLP Holdings Ltd.		12,500		144,982
Duke Energy Corp.		4,782		430,380
Edison International		2,165		134,057
EDP–Energias de Portugal SA		25,431		100,056
Electricite de France SA		11,071		151,555
Endesa SA		3,024		77,174
Enel SpA		88,110		564,592
Entergy Corp.		1,225		117,147
Evergy, Inc.		1,685		97,814
Eversource Energy		2,110		149,705
Exelon Corp.		6,497		325,695
FirstEnergy Corp.		3,235		134,608
Fortum Oyj		4,947		101,324
HK Electric Investments & HK Electric Investments Ltd.-Class SS (b)		104,180		106,437
Iberdrola SA		69,184		607,419
Kansai Electric Power Co., Inc. (The)		8,491		125,218
Kyushu Electric Power Co., Inc.		4,100		48,428

Company	Shares		U.S. $ Value
NextEra Energy, Inc.		3,245	$	627,323
Orsted A/S (b)		2,499		189,394
Pinnacle West Capital Corp.		685		65,472
Power Assets Holdings Ltd.		8,500		58,973
PPL Corp.		4,795		152,193
Red Electrica Corp. SA		5,707		121,654
Southern Co. (The)		6,910		357,109
SSE PLC		10,739		166,152
Terna Rete Elettrica Nazionale SpA		23,069		146,415
Tohoku Electric Power Co., Inc.		4,300		54,905
Tokyo Electric Power Co. Holdings, Inc. (a)		13,800		87,300
Verbund AG		759		36,452
Xcel Energy, Inc.		3,420		192,238
				6,341,053
Gas Utilities - 0.2%
APA Group		13,346		94,738
Atmos Energy Corp.		792		81,521
Hong Kong & China Gas Co., Ltd.		87,278		209,314
Naturgy Energy Group SA		4,316		120,802
Osaka Gas Co., Ltd.		3,600		71,176
Toho Gas Co., Ltd.		2,017		90,709
Tokyo Gas Co., Ltd.		3,800		102,865
				771,125
Independent Power and Renewable Electricity Producers - 0.1%
AES Corp./VA		4,385		79,281
Electric Power Development Co., Ltd.		1,600		39,016
Meridian Energy Ltd.		18,542		52,896
NRG Energy, Inc.		1,890		80,287
Uniper SE		2,006		60,509
				311,989
Multi-Utilities - 0.6%
AGL Energy Ltd.		6,423		99,285
Ameren Corp.		1,560		114,738
CenterPoint Energy, Inc.		3,295		101,157
Centrica PLC		64,140		95,543
CMS Energy Corp.		1,820		101,083
Consolidated Edison, Inc.		2,030		172,164
Dominion Energy, Inc.		5,050		387,133
DTE Energy Co.		1,170		145,946
E.ON SE		23,845		265,353
Engie SA		18,347		273,606
Innogy SE (b)		1,395		64,503
National Grid PLC		38,933		432,169
NiSource, Inc.		2,405		68,927
Public Service Enterprise Group, Inc.		3,405		202,291
RWE AG		5,973		160,388
Sempra Energy		1,860		234,100
Suez		5,769		76,427
United Utilities Group PLC		8,008		85,050
Veolia Environnement SA		5,882		131,603
WEC Energy Group, Inc.		2,088		165,119
				3,376,585
Water Utilities - 0.0%
American Water Works Co., Inc.		1,221		127,301
Severn Trent PLC		2,239		57,663
				184,964
				10,985,716

Company	Shares		U.S. $ Value
Real Estate - 1.9%
Equity Real Estate Investment Trusts (REITs) - 1.2%
Alexandria Real Estate Equities, Inc.		732	$	104,354
American Tower Corp.		2,965		584,283
Apartment Investment & Management Co.-Class A		974		48,982
Ascendas Real Estate Investment Trust		58,294		125,296
AvalonBay Communities, Inc.		945		189,690
Boston Properties, Inc.		1,000		133,880
British Land Co. PLC (The)		9,308		71,463
Crown Castle International Corp.		2,770		354,560
Daiwa House REIT Investment Corp.		13		28,839
Dexus		13,420		121,458
Digital Realty Trust, Inc.		1,430		170,170
Duke Realty Corp.		2,348		71,802
Equinix, Inc.		620		280,959
Equity Residential		2,440		183,781
Essex Property Trust, Inc.		478		138,257
Extra Space Storage, Inc.		783		79,796
Federal Realty Investment Trust		522		71,958
Goodman Group		16,928		160,540
GPT Group (The)		17,105		75,451
Hammerson PLC		7,467		32,689
HCP, Inc.		3,180		99,534
Host Hotels & Resorts, Inc.		4,950		93,555
ICADE		1,592		134,651
Iron Mountain, Inc.		1,908		67,658
Japan Prime Realty Investment Corp.		15		61,747
Japan Real Estate Investment Corp.		12		70,736
Japan Retail Fund Investment Corp.		24		48,225
Kimco Realty Corp.		2,830		52,355
Klepierre SA		2,231		78,061
Land Securities Group PLC		9,736		115,916
Link REIT		21,500		251,715
Macerich Co. (The)		710		30,779
Mid-America Apartment Communities, Inc.		796		87,027
Mirvac Group		40,488		79,090
Nippon Building Fund, Inc.		13		88,026
Nippon Prologis REIT, Inc.		14		29,807
Nomura Real Estate Master Fund, Inc.		34		50,086
Prologis, Inc.		4,170		300,032
Public Storage		1,030		224,313
Realty Income Corp.		1,908		140,353
Regency Centers Corp.		1,133		76,466
SBA Communications Corp. (a)		770		153,738
Scentre Group		50,683		147,948
Segro PLC		11,022		96,752
Simon Property Group, Inc.		2,116		385,556
SL Green Realty Corp.		576		51,794
Stockland		23,010		62,939
UDR, Inc.		1,828		83,101
United Urban Investment Corp.		26		41,046
Ventas, Inc.		2,341		149,379
Vicinity Centres		39,646		73,201
Vornado Realty Trust		1,085		73,172
Welltower, Inc.		2,475		192,060
Weyerhaeuser Co.		4,998		131,647
				6,850,673

Company	Shares		U.S. $ Value
Real Estate Management & Development - 0.7%
Aeon Mall Co., Ltd.		1,700	$	27,979
Aroundtown SA		11,635		95,972
Azrieli Group Ltd.		387		22,924
CapitaLand Ltd.		35,000		94,435
CBRE Group, Inc.-Class A (a)		2,065		102,114
City Developments Ltd.		11,000		73,617
CK Asset Holdings Ltd.		25,719		229,048
Daito Trust Construction Co., Ltd.		700		97,663
Daiwa House Industry Co., Ltd.		6,000		191,086
Deutsche Wohnen SE		3,212		155,863
Hang Lung Properties Ltd.		14,000		34,194
Henderson Land Development Co., Ltd.		27,655		176,006
Hongkong Land Holdings Ltd.		14,000		99,647
Hulic Co., Ltd.		6,591		64,763
Kerry Properties Ltd.		8,500		38,002
LendLease Group		10,380		91,336
Mitsubishi Estate Co., Ltd.		13,000		235,884
Mitsui Fudosan Co., Ltd.		10,000		251,915
New World Development Co., Ltd.		82,122		136,299
Nomura Real Estate Holdings, Inc.		3,600		69,274
Sino Land Co., Ltd.		63,328		122,620
Sumitomo Realty & Development Co., Ltd.		3,843		159,447
Sun Hung Kai Properties Ltd.		15,000		257,861
Swire Properties Ltd.		25,389		109,271
Swiss Prime Site AG (a)		976		85,548
Tokyu Fudosan Holdings Corp.		7,989		47,875
Unibail-Rodamco-Westfield		1,707		279,833
Vonovia SE		5,710		296,324
Wharf Holdings Ltd. (The)		13,000		39,300
Wharf Real Estate Investment Co., Ltd.		13,000		96,885
Wheelock & Co., Ltd.		17,000		124,764
				3,907,749
				10,758,422
Total Common Stocks (cost $236,001,783)				312,309,324
	Principal Amount (000)
GOVERNMENTS - TREASURIES - 31.8%
United States - 31.8%
U.S. Treasury Bonds 2.25%, 8/15/46	U.S.$	6,373		5,686,268
2.50%, 2/15/45-5/15/46		598		563,908
2.75%, 8/15/42-8/15/47		1,177		1,169,191
2.875%, 5/15/43-11/15/46		6,307		6,392,079
3.00%, 5/15/45-2/15/49		4,029		4,175,296
3.125%, 11/15/41-2/15/43		2,825		2,998,175
3.50%, 2/15/39		23		26,058
3.625%, 8/15/43		3,658		4,201,556
3.75%, 8/15/41-11/15/43		399		467,250
3.875%, 8/15/40		280		333,375

	Principal Amount (000)		U.S. $ Value
4.25%, 5/15/39	U.S.$	240	$	300,038
4.375%, 11/15/39-5/15/41		1,258		1,599,426
4.50%, 8/15/39		317		409,277
4.75%, 2/15/37-2/15/41		1,127		1,486,045
5.25%, 11/15/28		690		856,570
5.375%, 2/15/31		650		844,797
5.50%, 8/15/28		1,383		1,739,771
6.00%, 2/15/26		2,846		3,504,137
6.125%, 11/15/27		732		943,822
6.25%, 8/15/23-5/15/30		724		965,729
6.875%, 8/15/25		849		1,076,638
7.25%, 8/15/22		775		899,484
7.625%, 2/15/25		55		70,976
8.00%, 11/15/21		9,123		10,437,282
U.S. Treasury Notes
0.875%, 5/15/19		841		839,723
1.00%, 8/31/19		4,087		4,062,733
1.125%, 2/28/21-9/30/21		2,905		2,836,076
1.25%, 5/31/19-10/31/21		6,732		6,592,785
1.375%, 8/31/20-8/31/23		8,189		8,028,944
1.50%, 5/31/19-8/15/26		2,035		1,919,259
1.625%, 6/30/20-2/15/26		15,907		15,489,313
1.75%, 3/31/22-5/15/23		12,336		12,124,028
1.875%, 11/30/21-10/31/22		6,713		6,636,084
2.00%, 11/15/21-11/15/26		21,825		21,573,946
2.125%, 8/15/21-5/15/25		13,382		13,294,307
2.25%, 11/15/24-11/15/27		6,743		6,689,322
2.375%, 8/15/24-5/15/27		1,829		1,833,688
2.50%, 1/31/21-5/15/24		7,335		7,406,104
U.S. Treasury Notes
2.625%, 8/15/20-2/15/29		2,178		2,190,977
2.75%, 11/15/23-2/15/28		3,400		3,476,386
2.875%, 10/31/23-8/15/28		2,906		3,000,955
3.125%, 5/15/21-11/15/28		2,049		2,156,743
3.625%, 2/15/21		5,756		5,893,092
Total Governments-Treasuries (cost $177,623,480)				177,191,613
	Shares
INVESTMENT COMPANIES - 10.5%
Funds and Investment Trusts - 10.5% (d)
iShares Core MSCI Emerging Markets ETF		273,917		14,164,248
iShares iBoxx High Yield Corporate Bond ETF (c)		193,711		16,750,190
Vanguard Global ex-U.S. Real Estate ETF		217,376		12,949,088
Vanguard Real Estate ETF		169,815		14,758,622
Total Investment Companies (cost $57,120,323)				58,622,148

	Notional Amount		U.S. $ Value
OPTIONS PURCHASED - CALLS - 0.0%
Options on Indices - 0.0%
S&P 500 Index Expiration: Apr 2019; Contracts: 16,000; Exercise Price: USD 2,875.00; Counterparty: Goldman Sachs International (a) (premiums paid $151,949)	USD	46,000,000	$	151,949
	Shares
SHORT-TERM INVESTMENTS - 0.5%
Investment Companies - 0.5%
AB Fixed Income Shares, Inc.-Government Money Market Portfolio-Class AB, 2.38% (d)(e)(f) (cost $2,850,045)		2,850,045		2,850,045
Total Investments Before Security Lending Collateral for Securities Loaned - 98.9% (cost $473,747,580)				551,125,079
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 3.1%
Investment Companies - 3.1%
AB Fixed Income Shares, Inc.-Government Money Market Portfolio-Class AB, 2.38% (d)(e)(f) (cost $17,180,656)		17,180,656		17,180,656
Total Investments - 102.0% (cost $490,928,236) (g)				568,305,735
Other assets less liabilities - (2.0)%				(11,094,051	)
Net Assets - 100.0%			$	557,211,684

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional		Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Canadian Bond Futures		35		June 2019	$	3,641,561	$	26,950
Euro STOXX 50 Index Futures		188		June 2019		6,900,290		(2,410	)
Mini MSCI EAFE Futures		19		June 2019		1,773,080		1,492
MSCI Emerging Markets Futures		353		June 2019		18,663,110		(33,400	)
Russell 2000 E-Mini Futures		198		June 2019		15,283,620		(282,448	)
S&P 500 E Mini Futures		3		June 2019		425,670		6,127
S&P Mid 400 E Mini Futures		81		June 2019		15,398,100		(82,428	)
Sold Contracts
FTSE 100 Index Futures		40		June 2019		3,757,046		(78,665	)
Hang Seng Index Futures		27		April 2019		5,000,535		(57,378	)
S&P 500 E-Mini Futures		329		June 2019		46,681,810		(539,704	)
							$	(1,041,864	)

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
Barclays Bank PLC	CHF	9,442	USD	9,437		6/17/19	$	(113,069	)
Barclays Bank PLC	USD	6,323	CAD	8,472		6/17/19		28,747
BNP Paribas SA	CAD	2,047	USD	1,529		6/17/19		(5,701	)
BNP Paribas SA	GBP	580	USD	762		6/17/19		4,247
BNP Paribas SA	JPY	400,587	USD	3,616		6/17/19		(20,109	)
BNP Paribas SA	USD	5,680	EUR	4,958		6/17/19		(82,176	)
BNP Paribas SA	USD	2,346	GBP	1,786		6/17/19		(10,807	)
BNP Paribas SA	USD	2,291	NZD	3,320		6/17/19		(27,089	)
Citibank, NA	JPY	958,880	USD	8,691		6/17/19		(11,589	)
Citibank, NA	USD	3,051	NOK	26,407		6/17/19		19,604
Credit Suisse International	AUD	2,964	USD	2,106		6/17/19		(866	)
Credit Suisse International	EUR	6,805	USD	7,731		6/17/19		49,301
Credit Suisse International	GBP	5,111	USD	6,715		6/17/19		32,275
Credit Suisse International	SEK	31,416	USD	3,402		6/17/19		4,141
Credit Suisse International	USD	3,360	SEK	31,322		6/17/19		28,204
Goldman Sachs Bank USA	EUR	5,479	USD	6,290		6/17/19		104,611
JPMorgan Chase Bank, NA	USD	2,145	AUD	2,964		6/17/19		(37,772	)
JPMorgan Chase Bank, NA	USD	6,279	EUR	5,499		6/17/19		(70,834	)
Morgan Stanley Capital Services, Inc.	EUR	4,447	USD	5,062		6/17/19		41,491
State Street Bank & Trust Co.	EUR	4,403	USD	4,991		6/17/19		20,722
State Street Bank & Trust Co.	USD	7,942	NZD	11,598		6/17/19		(32,254	)
State Street Bank & Trust Co.	USD	872	SEK	8,149		6/17/19		9,061
UBS AG	JPY	151,323	USD	1,378		6/17/19		4,334
UBS AG	JPY	157,671	USD	1,428		6/17/19		(2,919	)
UBS AG	NZD	4,401	USD	3,019		6/17/19		17,185
							$	(51,262	)

(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 March 31, 2019, the aggregate market value of these securities amounted to $1,173,032 or 0.2% of net assets.

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

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

(e) Affiliated investments.

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

(g) As of March 31, 2019, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $96,517,827 and gross unrealized depreciation of investments was $(20,233,454), resulting in net unrealized appreciation of $76,284,373.

Currency Abbreviations:

AUD	-	Australian Dollar
CAD	-	Canadian Dollar
CHF	-	Swiss Franc
EUR	-	Euro
GBP	-	Great British Pound
JPY	-	Japanese Yen
NOK	-	Norwegian Krone
NZD	-	New Zealand Dollar
SEK	-	Swedish Krona
USD	-	United States Dollar

Glossary:

ADR	-	American Depositary Receipt
EAFE	-	Europe, Australia, and Far East
ETF	-	Exchange Traded Fund
FTSE	-	Financial Times Stock Exchange
MSCI	-	Morgan Stanley Capital International
REG	-	Registered Shares

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

March 31, 2019 (unaudited)

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

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

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

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

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

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.

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

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of March 31, 2019:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Financials	$	20,545,068		$	28,613,769		$	– 0	–	$	49,158,837
Information Technology		34,716,835			8,735,382			– 0	–		43,452,217
Health Care		23,704,213			17,002,806			– 0	–		40,707,019
Industrials		15,220,104			21,747,089			– 0	–		36,967,193
Consumer Discretionary		16,806,825			16,270,667			– 0	–		33,077,492
Consumer Staples		12,426,429			16,927,320			– 0	–		29,353,749
Communication Services		16,692,701			7,873,279			– 0	–		24,565,980
Energy		8,620,155			8,855,081			– 0	–		17,475,236
Materials		4,228,384			11,579,079			– 0	–		15,807,463
Utilities		5,794,655			5,191,061			– 0	–		10,985,716
Real Estate		5,369,814			5,388,608			– 0	–		10,758,422
Governments - Treasuries		– 0	–		177,191,613			– 0	–		177,191,613
Investment Companies		58,622,148			– 0	–		– 0	–		58,622,148
Options Purchased - Calls		– 0	–		151,949			– 0	–		151,949
Short-Term Investments		2,850,045			– 0	–		– 0	–		2,850,045
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		17,180,656			– 0	–		– 0	–		17,180,656
Total Investments in Securities		242,778,032			325,527,703			– 0	–		568,305,735
Other Financial Instruments (a):
Assets:
Futures		34,569			– 0	–		– 0	–		34,569
Forward Currency Exchange Contracts		– 0	–		363,923			– 0	–		363,923
Liabilities:
Futures		(937,980	)		(138,453	)		– 0	–		(1,076,433	)
Forward Currency Exchange Contracts		– 0	–		(415,185	)		– 0	–		(415,185	)
Total	$	241,874,621		$	325,337,988		$	– 0	–	$	567,212,609

(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 swaps with upfront premiums, options written and swaptions written which are valued at market value.

A summary of the Portfolio’s transactions in AB mutual funds for the three months ended March 31, 2019 is as follows:

Fund	Market Value 12/31/18 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 3/31/19 (000)		Dividend Income (000)
Government Money Market Portfolio	$	14,797	$	42,012	$	53,959	$	2,850	$	60
Government Money Market Portfolio*		869		56,678		40,366		17,181		32
Total	$	15,666	$	98,690	$	94,325	$	20,031	$	92

* Investments of cash collateral for securities lending transactions