AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

September 30, 2019 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS - 53.5%
Financials - 8.5%
Banks - 4.1%
AIB Group PLC		5,844	$	17,336
Aozora Bank Ltd.		2,000		50,121
Australia & New Zealand Banking Group Ltd.		31,095		597,325
Banco Bilbao Vizcaya Argentaria SA		73,153		380,797
Banco de Sabadell SA		68,373		66,289
Banco Santander SA		183,994		748,638
Bank Hapoalim BM (a)		14,749		116,212
Bank Leumi Le-Israel BM		16,778		119,456
Bank of America Corp.		48,177		1,405,323
Bank of East Asia Ltd. (The)		41,231		101,548
Bank of Ireland Group PLC		11,605		45,984
Bank of Kyoto Ltd. (The)		400		15,736
Bank of Queensland Ltd.		7,933		53,127
Bankia SA		10,832		20,438
Bankinter SA		7,353		46,400
Barclays PLC		188,978		348,192
BB&T Corp. (b)		4,290		228,957
Bendigo & Adelaide Bank Ltd.		9,233		71,639
BNP Paribas SA		13,908		676,164
BOC Hong Kong Holdings Ltd.		39,500		134,032
CaixaBank SA		42,465		111,385
Chiba Bank Ltd. (The)		11,000		56,893
Citigroup, Inc.		13,149		908,333
Citizens Financial Group, Inc.		2,179		77,071
Comerica, Inc.		950		62,691
Commerzbank AG		15,814		91,545
Commonwealth Bank of Australia		20,060		1,094,261
Concordia Financial Group Ltd.		11,221		43,243
Credit Agricole SA		14,327		173,411
Danske Bank A/S		7,940		110,464
DBS Group Holdings Ltd.		21,665		391,944
DNB ASA		9,303		163,993
Erste Group Bank AG (a)		3,207		105,990
Fifth Third Bancorp		3,690		101,032
First Republic Bank/CA		1,023		98,924
Fukuoka Financial Group, Inc.		1,800		34,161
Hang Seng Bank Ltd.		8,100		174,535
HSBC Holdings PLC		227,222		1,741,033
Huntington Bancshares, Inc./OH		4,845		69,138
ING Groep NV		36,740		383,813
Intesa Sanpaolo SpA		165,706		392,528
Israel Discount Bank Ltd. - Class A		13,191		57,977
Japan Post Bank Co., Ltd.		3,855		37,444
JPMorgan Chase & Co.		18,455		2,171,969
KBC Group NV		3,064		199,011
KeyCorp		4,965		88,576
Lloyds Banking Group PLC		821,886		544,844
M&T Bank Corp.		865		136,644
Mebuki Financial Group, Inc.		16,800		41,545
Mediobanca Banca di Credito Finanziario SpA		12,965		141,523
Mitsubishi UFJ Financial Group, Inc.		135,900		692,120
Mizrahi Tefahot Bank Ltd.		1,057		26,265
Mizuho Financial Group, Inc.		273,362		420,090
National Australia Bank Ltd.		30,446		610,449
Nordea Bank Abp		29,390		208,475
Oversea-Chinese Banking Corp., Ltd.		29,000		227,980
People’s United Financial, Inc.		975		15,244

Company	Shares		U.S. $ Value
PNC Financial Services Group, Inc. (The)		2,580	$	361,613
Raiffeisen Bank International AG		1,307		30,312
Regions Financial Corp.		4,815		76,173
Resona Holdings, Inc.		21,000		90,366
Royal Bank of Scotland Group PLC		53,666		136,789
Seven Bank Ltd.		16,218		44,554
Shinsei Bank Ltd.		3,700		54,102
Shizuoka Bank Ltd. (The)		4,000		29,976
Skandinaviska Enskilda Banken AB - Class A		16,190		148,765
Societe Generale SA		9,446		258,746
Standard Chartered PLC		34,982		293,636
Sumitomo Mitsui Financial Group, Inc.		14,300		491,378
Sumitomo Mitsui Trust Holdings, Inc.		3,200		115,878
SunTrust Banks, Inc.		2,400		165,120
SVB Financial Group (a)		336		70,207
Svenska Handelsbanken AB - Class A		14,254		133,347
Swedbank AB - Class A		8,621		124,157
UniCredit SpA		17,422		205,353
United Overseas Bank Ltd.		12,000		223,020
US Bancorp		8,505		470,667
Wells Fargo & Co.		22,995		1,159,868
Westpac Banking Corp.		38,249		763,933
Zions Bancorp NA		630		28,048
				22,726,266
Capital Markets - 1.4%
3i Group PLC		9,721		139,131
Affiliated Managers Group, Inc.		307		25,589
Ameriprise Financial, Inc.		845		124,300
Amundi SA (c)		1,517		105,671
ASX Ltd.		1,453		79,624
Bank of New York Mellon Corp. (The)		4,915		222,207
BlackRock, Inc. - Class A		677		301,698
Cboe Global Markets, Inc.		696		79,977
Charles Schwab Corp. (The)		6,740		281,934
CME Group, Inc. - Class A		2,050		433,247
Credit Suisse Group AG (a)		28,090		343,628
Daiwa Securities Group, Inc.		16,000		71,604
Deutsche Bank AG		19,693		147,149
Deutsche Boerse AG		2,077		323,927
E*TRADE Financial Corp.		1,470		64,224
Franklin Resources, Inc.		1,040		30,014
Goldman Sachs Group, Inc. (The)		1,938		401,612
Hargreaves Lansdown PLC		4,023		102,715
Hong Kong Exchanges & Clearing Ltd.		13,451		394,249
Intercontinental Exchange, Inc.		3,200		295,264
Invesco Ltd.		1,180		19,989
Investec PLC		5,877		30,234
Japan Exchange Group, Inc.		4,965		78,459
Julius Baer Group Ltd. (a)		2,130		94,340
London Stock Exchange Group PLC		3,987		358,031
Macquarie Group Ltd.		3,705		328,419
Magellan Financial Group Ltd.		1,420		49,459
MarketAxess Holdings, Inc.		260		85,150
Moody’s Corp.		945		193,564
Morgan Stanley		7,260		309,784
MSCI, Inc. - Class A		557		121,287
Nasdaq, Inc.		710		70,539
Natixis SA		21,759		90,151

Company	Shares		U.S. $ Value
Nomura Holdings, Inc.		38,855	$	165,167
Northern Trust Corp.		1,310		122,249
Partners Group Holding AG		231		177,398
Raymond James Financial, Inc.		759		62,587
S&P Global, Inc.		1,400		342,972
SBI Holdings, Inc./Japan		2,468		53,100
Schroders PLC		1,291		48,798
Singapore Exchange Ltd.		21,000		128,836
St. James’s Place PLC		4,994		60,066
Standard Life Aberdeen PLC		24,984		87,747
State Street Corp.		1,865		110,389
T. Rowe Price Group, Inc.		1,475		168,519
UBS Group AG (a)		42,353		480,895
				7,805,893
Consumer Finance - 0.2%
Acom Co., Ltd.		13,014		51,285
American Express Co.		3,900		461,292
Capital One Financial Corp.		2,653		241,370
Credit Saison Co., Ltd.		3,500		47,196
Discover Financial Services		1,960		158,936
Synchrony Financial		3,278		111,747
				1,071,826
Diversified Financial Services - 0.7%
AMP Ltd.		67,589		83,361
Berkshire Hathaway, Inc. - Class B (a)		11,034		2,295,293
Challenger Ltd.		12,809		63,790
EXOR NV		3,679		246,394
Groupe Bruxelles Lambert SA		768		73,719
IHS Markit Ltd. (a)		2,211		147,872
Industrivarden AB - Class C		4,979		108,921
Investor AB - Class B		4,336		211,758
Kinnevik AB		4,676		122,940
Mitsubishi UFJ Lease & Finance Co., Ltd.		7,362		42,702
ORIX Corp.		14,110		211,071
Pargesa Holding SA		1,023		78,688
Wendel SA		844		116,305
				3,802,814
Insurance - 2.1%
Admiral Group PLC		2,010		52,269
Aegon NV		38,312		159,115
Aflac, Inc.		4,190		219,221
Ageas		2,085		115,582
AIA Group Ltd.		128,423		1,211,163
Allianz SE		4,871		1,133,832
Allstate Corp. (The)		1,850		201,058
American International Group, Inc.		4,933		274,768
Aon PLC		1,375		266,159
Arthur J Gallagher & Co.		1,152		103,185
Assicurazioni Generali SpA		11,115		215,405
Assurant, Inc.		360		45,295
Aviva PLC		43,251		212,327
Baloise Holding AG		926		165,916
Chubb Ltd.		2,612		421,681
Cincinnati Financial Corp.		910		106,170
CNP Assurances		4,544		87,811

Company	Shares		U.S. $ Value
Dai-ichi Life Holdings, Inc.		11,850	$	180,154
Direct Line Insurance Group PLC		13,089		48,292
Everest Re Group Ltd.		244		64,926
Gjensidige Forsikring ASA		3,690		73,182
Globe Life, Inc.		652		62,436
Hannover Rueck SE		795		134,362
Hartford Financial Services Group, Inc. (The)		1,865		113,038
Insurance Australia Group Ltd.		22,589		120,534
Japan Post Holdings Co., Ltd.		16,700		154,101
Legal & General Group PLC		63,405		193,532
Lincoln National Corp.		1,240		74,797
Loews Corp.		1,640		84,427
Mapfre SA		17,737		47,770
Marsh & McLennan Cos., Inc.		2,920		292,146
Medibank Pvt Ltd.		39,307		90,269
MetLife, Inc.		5,390		254,192
MS&AD Insurance Group Holdings, Inc.		4,800		156,020
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		1,588		410,177
NN Group NV		7,137		252,925
Principal Financial Group, Inc.		1,590		90,853
Progressive Corp. (The)		3,315		256,084
Prudential Financial, Inc.		2,255		202,837
Prudential PLC		30,322		549,472
QBE Insurance Group Ltd.		13,053		110,721
RSA Insurance Group PLC		10,859		71,247
Sampo Oyj - Class A		4,765		189,324
SCOR SE		3,333		137,611
Sompo Holdings, Inc.		4,000		167,987
Sony Financial Holdings, Inc.		4,130		89,927
Suncorp Group Ltd. (a)		11,892		109,560
Swiss Life Holding AG		342		163,510
Swiss Re AG		3,176		331,396
T&D Holdings, Inc.		5,500		58,771
Tokio Marine Holdings, Inc.		7,300		391,624
Travelers Cos., Inc. (The)		1,490		221,548
Tryg A/S		1,821		52,172
Unum Group		490		14,563
Willis Towers Watson PLC		787		151,867
Zurich Insurance Group AG		1,604		614,344
				11,773,655
				47,180,454
Information Technology - 7.5%
Communications Equipment - 0.4%
Arista Networks, Inc. (a)		335		80,038
Cisco Systems, Inc.		24,340		1,202,639
F5 Networks, Inc. (a)		380		53,360
Juniper Networks, Inc.		1,210		29,948
Motorola Solutions, Inc.		925		157,629
Nokia Oyj		62,192		314,088
Telefonaktiebolaget LM Ericsson - Class B		28,969		231,356
				2,069,058
Electronic Equipment, Instruments & Components - 0.6%
Alps Alpine Co., Ltd.		2,053		38,550
Amphenol Corp. - Class A		1,610		155,365
CDW Corp./DE		832		102,536

Company	Shares		U.S. $ Value
Corning, Inc.		4,115	$	117,360
FLIR Systems, Inc.		810		42,598
Halma PLC		4,302		104,132
Hamamatsu Photonics KK		1,600		59,693
Hexagon AB-Class B		4,263		205,349
Hirose Electric Co., Ltd.		315		38,807
Hitachi High-Technologies Corp.		1,881		109,343
Hitachi Ltd.		10,400		389,482
Ingenico Group SA		930		90,643
IPG Photonics Corp. (a)		223		30,239
Keyence Corp.		1,054		656,068
Keysight Technologies, Inc. (a)		1,128		109,698
Kyocera Corp.		3,637		226,769
Murata Manufacturing Co., Ltd.		6,000		290,805
Nippon Electric Glass Co., Ltd.		2,938		65,692
Omron Corp.		1,800		99,189
Shimadzu Corp.		2,000		50,854
TDK Corp.		1,200		108,476
TE Connectivity Ltd.		2,060		191,951
Venture Corp., Ltd.		4,005		44,409
Yaskawa Electric Corp.		2,723		101,070
Yokogawa Electric Corp.		4,500		82,691
				3,511,769
IT Services - 1.7%
Accenture PLC-Class A		3,625		697,269
Adyen NV (a)(c)		83		54,583
Akamai Technologies, Inc. (a)		1,005		91,837
Alliance Data Systems Corp.		280		35,876
Amadeus IT Group SA-Class A		4,973		356,323
Atos SE		677		47,654
Automatic Data Processing, Inc.		2,480		400,322
Broadridge Financial Solutions, Inc.		719		89,465
Capgemini SE		1,557		183,338
Cognizant Technology Solutions Corp.-Class A		3,190		192,245
Computershare Ltd.		3,663		40,043
DXC Technology Co.		1,018		30,031
Fidelity National Information Services, Inc.		3,499		464,527
Fiserv, Inc. (a)		3,238		335,424
FleetCor Technologies, Inc. (a)		561		160,884
Fujitsu Ltd.		2,228		179,065
Gartner, Inc. (a)		540		77,215
Global Payments, Inc.		1,777		282,543
International Business Machines Corp.		5,038		732,626
Itochu Techno-Solutions Corp.		1,463		38,860
Jack Henry & Associates, Inc.		497		72,547
Leidos Holdings, Inc.		895		76,863
Mastercard, Inc.-Class A		5,110		1,387,723
Nomura Research Institute Ltd.		3,900		77,930
NTT Data Corp.		6,010		78,001
Obic Co., Ltd.		730		83,652
Otsuka Corp.		1,200		48,026
Paychex, Inc.		1,945		160,988
PayPal Holdings, Inc. (a)		6,685		692,499
VeriSign, Inc. (a)		675		127,325
Visa, Inc.-Class A (b)		9,900		1,702,899
Western Union Co. (The)-Class W		1,690		39,157
Wirecard AG		1,262		201,970

Company	Shares		U.S. $ Value
Wix.com Ltd. (a)		521	$	60,821
Worldline SA/France (a)(c)		270		17,009
				9,317,540
Semiconductors & Semiconductor Equipment - 1.5%
Advanced Micro Devices, Inc. (a)(b)		4,803		139,239
Advantest Corp.		2,262		100,835
Analog Devices, Inc.		2,060		230,164
Applied Materials, Inc.		5,325		265,717
ASM Pacific Technology Ltd.		900		10,981
ASML Holding NV		4,875		1,209,066
Broadcom, Inc.		2,259		623,642
Disco Corp.		309		59,071
Infineon Technologies AG		10,766		193,430
Intel Corp.		25,460		1,311,954
KLA Corp.		1,010		161,044
Lam Research Corp.		929		214,701
Maxim Integrated Products, Inc.		1,675		96,999
Microchip Technology, Inc. (b)		1,445		134,255
Micron Technology, Inc. (a)		6,280		269,098
NVIDIA Corp.		3,465		603,153
NXP Semiconductors NV		3,348		365,334
Qorvo, Inc. (a)		718		53,233
QUALCOMM, Inc.		6,914		527,400
Renesas Electronics Corp. (a)		9,161		60,034
Rohm Co., Ltd.		1,300		100,233
Skyworks Solutions, Inc.		1,024		81,152
STMicroelectronics NV		12,251		237,079
SUMCO Corp.		2,522		34,356
Texas Instruments, Inc.		5,345		690,788
Tokyo Electron Ltd.		1,689		324,497
Xilinx, Inc.		1,385		132,821
				8,230,276
Software - 2.1%
Adobe, Inc. (a)		2,780		767,975
ANSYS, Inc. (a)		512		113,336
Autodesk, Inc. (a)		1,235		182,410
Cadence Design Systems, Inc. (a)		1,714		113,261
Check Point Software Technologies Ltd. (a)(b)		1,416		155,052
Citrix Systems, Inc.-Class C		780		75,286
CyberArk Software Ltd. (a)		422		42,124
Dassault Systemes SE		1,424		202,858
Fortinet, Inc. (a)		869		66,704
Intuit, Inc.		1,480		393,591
Micro Focus International PLC		3,943		55,408
Microsoft Corp.		43,573		6,057,954
Nice Ltd. (a)		690		99,449
Oracle Corp.		12,661		696,735
Oracle Corp. Japan		500		43,588
Sage Group PLC (The)		12,240		104,017
salesforce.com, Inc. (a)		4,853		720,379
SAP SE		11,137		1,310,528
Symantec Corp.		2,925		69,118
Synopsys, Inc. (a)		922		126,545

Company	Shares		U.S. $ Value
Temenos AG (a)		662	$	110,852
Trend Micro, Inc./Japan		1,600		76,461
				11,583,631
Technology Hardware, Storage & Peripherals - 1.2%
Apple, Inc.		24,430		5,471,587
Brother Industries Ltd.		2,200		40,088
Canon, Inc.		11,400		304,861
FUJIFILM Holdings Corp.		4,200		185,012
Hewlett Packard Enterprise Co.		6,680		101,336
HP, Inc.		8,170		154,576
Konica Minolta, Inc.		6,000		41,979
NEC Corp.		2,500		105,716
NetApp, Inc.		1,490		78,240
Ricoh Co., Ltd.		6,000		54,284
Seagate Technology PLC		1,550		83,374
Seiko Epson Corp.		2,700		38,352
Western Digital Corp.		1,813		108,127
Xerox Holdings Corp. (a)		466		13,938
				6,781,470
				41,493,744
Health Care - 6.8%
Biotechnology - 0.8%
AbbVie, Inc.		8,402		636,199
Alexion Pharmaceuticals, Inc. (a)		1,380		135,157
Amgen, Inc.		3,478		673,028
BeiGene Ltd. (Sponsored ADR) (a)		405		49,596
Biogen, Inc. (a)		1,115		259,594
Celgene Corp. (a)		4,020		399,186
CSL Ltd.		5,165		816,648
Genmab A/S (a)		540		109,719
Gilead Sciences, Inc.		7,225		457,921
Grifols SA		3,644		107,418
Incyte Corp. (a)		1,090		80,911
PeptiDream, Inc. (a)		1,023		48,899
Regeneron Pharmaceuticals, Inc. (a)		490		135,926
Vertex Pharmaceuticals, Inc. (a)		1,467		248,539
				4,158,741
Health Care Equipment & Supplies - 1.4%
Abbott Laboratories		10,026		838,875
ABIOMED, Inc. (a)		308		54,790
Alcon, Inc. (a)		4,817		280,975
Align Technology, Inc. (a)		440		79,605
Asahi Intecc Co., Ltd.		1,468		38,731
Baxter International, Inc.		2,690		235,294
Becton Dickinson and Co.		1,538		389,052
Boston Scientific Corp. (a)		7,910		321,858
Cochlear Ltd.		405		56,993
Coloplast A/S-Class B		1,154		138,845
Cooper Cos., Inc. (The)		311		92,367
Danaher Corp.		3,590		518,504
Demant A/S (a)		2,050		52,480

Company	Shares		U.S. $ Value
DENTSPLY SIRONA, Inc.		1,446	$	77,086
Edwards Lifesciences Corp. (a)		1,190		261,693
Fisher & Paykel Healthcare Corp., Ltd.		6,133		66,544
Hologic, Inc. (a)		1,620		81,794
Hoya Corp.		4,322		353,984
IDEXX Laboratories, Inc. (a)		533		144,939
Intuitive Surgical, Inc. (a)		655		353,654
Koninklijke Philips NV		14,135		653,165
Medtronic PLC		7,629		828,662
Olympus Corp.		11,200		151,736
ResMed, Inc.		866		117,005
Sartorius AG (Preference Shares)		812		148,036
Siemens Healthineers AG (c)		1,618		63,623
Smith & Nephew PLC		9,779		235,497
Sonova Holding AG		666		154,965
Straumann Holding AG		145		118,603
Stryker Corp.		1,765		381,770
Sysmex Corp.		1,836		123,347
Teleflex, Inc.		311		105,662
Terumo Corp.		6,600		213,564
Varian Medical Systems, Inc. (a)		545		64,904
Zimmer Biomet Holdings, Inc.		1,125		154,429
				7,953,031
Health Care Providers & Services - 0.8%
Alfresa Holdings Corp.		2,700		60,497
AmerisourceBergen Corp.-Class A		935		76,979
Anthem, Inc.		1,460		350,546
Cardinal Health, Inc.		1,365		64,414
Centene Corp. (a)		2,064		89,289
Cigna Corp. (a)		2,161		328,018
CVS Health Corp.		7,389		466,024
DaVita, Inc. (a)		750		42,803
Fresenius Medical Care AG & Co. KGaA		2,085		140,113
Fresenius SE & Co. KGaA		4,696		219,682
HCA Healthcare, Inc.		1,470		177,017
Henry Schein, Inc. (a)		890		56,515
Humana, Inc.		785		200,701
Laboratory Corp. of America Holdings (a)		625		105,000
McKesson Corp.		1,165		159,209
Medipal Holdings Corp.		3,900		87,057
NMC Health PLC		1,143		38,095
Quest Diagnostics, Inc.		800		85,624
Ramsay Health Care Ltd.		1,156		50,644
Ryman Healthcare Ltd.		5,937		49,343
Sonic Healthcare Ltd.		5,598		106,144
Suzuken Co., Ltd./Aichi Japan		1,200		64,595
UnitedHealth Group, Inc.		5,405		1,174,615
Universal Health Services, Inc.-Class B		500		74,375
WellCare Health Plans, Inc. (a)		347		89,932
				4,357,231
Health Care Technology - 0.0%
Cerner Corp.		1,980		134,977
M3, Inc.		4,140		100,187
				235,164

Company	Shares		U.S. $ Value
Life Sciences Tools & Services - 0.4%
Agilent Technologies, Inc.		1,945	$	149,045
Illumina, Inc. (a)		831		252,807
IQVIA Holdings, Inc. (a)		996		148,783
Lonza Group AG (a)		779		263,622
Mettler-Toledo International, Inc. (a)		170		119,748
PerkinElmer, Inc.		655		55,786
QIAGEN NV (a)		2,703		88,520
Sartorius Stedim Biotech		712		99,590
Thermo Fisher Scientific, Inc.		2,285		665,552
Waters Corp. (a)		445		99,337
				1,942,790
Pharmaceuticals - 3.4%
Allergan PLC		1,760		296,190
Astellas Pharma, Inc.		22,500		321,844
AstraZeneca PLC		15,028		1,341,835
Bayer AG		10,385		731,655
Bristol-Myers Squibb Co.		9,295		471,350
Chugai Pharmaceutical Co., Ltd.		2,537		198,259
Daiichi Sankyo Co., Ltd.		6,428		406,181
Eisai Co., Ltd.		2,933		149,838
Eli Lilly & Co.		4,923		550,539
GlaxoSmithKline PLC		56,263		1,205,974
Hisamitsu Pharmaceutical Co., Inc.		1,000		44,021
Ipsen SA		880		83,483
Johnson & Johnson		15,095		1,952,991
Kyowa Kirin Co., Ltd.		2,152		41,909
Merck & Co., Inc.		14,635		1,231,974
Merck KGaA		1,230		138,559
Mitsubishi Tanabe Pharma Corp.		3,000		33,061
Mylan NV (a)		2,055		40,648
Nektar Therapeutics (a)(b)		1,074		19,563
Novartis AG		24,089		2,090,611
Novo Nordisk A/S-Class B		20,377		1,053,005
Ono Pharmaceutical Co., Ltd.		3,900		71,027
Orion Oyj-Class B		974		36,294
Otsuka Holdings Co., Ltd.		4,348		163,333
Perrigo Co. PLC		772		43,147
Pfizer, Inc.		31,554		1,133,735
Recordati SpA		2,055		88,136
Roche Holding AG		7,961		2,317,960
Sanofi		12,344		1,143,459
Santen Pharmaceutical Co., Ltd.		2,500		43,689
Shionogi & Co., Ltd.		2,800		156,108
Sumitomo Dainippon Pharma Co., Ltd.		2,900		47,982
Taisho Pharmaceutical Holdings Co., Ltd.		567		41,459
Takeda Pharmaceutical Co., Ltd.		16,445		564,321
Teva Pharmaceutical Industries Ltd. (Sponsored ADR) (a)(b)		12,347		84,947
UCB SA		1,519		110,207
Vifor Pharma AG		802		128,183
Zoetis, Inc.		2,726		339,632
				18,917,109
				37,564,066

Company	Shares		U.S. $ Value
Industrials - 6.5%
Aerospace & Defense - 1.1%
Airbus SE		6,243	$	810,520
Arconic, Inc.		1,616		42,016
BAE Systems PLC		33,818		236,837
Boeing Co. (The)		2,980		1,133,801
Dassault Aviation SA		41		58,005
Elbit Systems Ltd.		250		41,505
General Dynamics Corp.		1,550		283,231
Huntington Ingalls Industries, Inc.		279		59,089
L3Harris Technologies, Inc.		1,257		262,260
Leonardo SpA		5,271		61,961
Lockheed Martin Corp.		1,410		549,985
Meggitt PLC		10,854		84,672
MTU Aero Engines AG		579		153,850
Northrop Grumman Corp.		970		363,546
Raytheon Co.		1,590		311,942
Rolls-Royce Holdings PLC (a)		19,591		190,363
Safran SA		3,586		564,617
Singapore Technologies Engineering Ltd.		43,000		119,528
Textron, Inc.		1,405		68,789
Thales SA		1,184		136,102
TransDigm Group, Inc.		313		162,970
United Technologies Corp.		4,625		631,405
				6,326,994
Air Freight & Logistics - 0.3%
Bollore SA		25,929		107,371
CH Robinson Worldwide, Inc. (b)		815		69,096
Deutsche Post AG		10,803		360,012
Expeditors International of Washington, Inc.		1,020		75,776
FedEx Corp.		1,465		213,260
Kuehne & Nagel International AG		477		70,192
SG Holdings Co., Ltd.		2,174		53,276
United Parcel Service, Inc.-Class B		3,965		475,086
Yamato Holdings Co., Ltd.		3,400		51,368
				1,475,437
Airlines - 0.1%
Alaska Air Group, Inc.		743		48,228
American Airlines Group, Inc. (b)		1,632		44,015
ANA Holdings, Inc.		1,007		33,925
Delta Air Lines, Inc.		3,292		189,619
Deutsche Lufthansa AG		3,330		52,864
easyJet PLC		2,320		32,744
Japan Airlines Co., Ltd.		900		26,730
Singapore Airlines Ltd.		14,000		92,600
Southwest Airlines Co.		2,605		140,696
United Airlines Holdings, Inc. (a)		1,372		121,299
				782,720
Building Products - 0.3%
AGC, Inc./Japan		2,000		62,325
Allegion PLC		585		60,635
AO Smith Corp.		855		40,792
Assa Abloy AB-Class B		9,541		212,107
Cie de Saint-Gobain		4,539		177,896
Daikin Industries Ltd.		2,774		365,860

Company	Shares		U.S. $ Value
Fortune Brands Home & Security, Inc.		821	$	44,909
Geberit AG		360		172,038
Johnson Controls International PLC		4,392		192,765
Kingspan Group PLC		1,858		90,726
LIXIL Group Corp.		2,500		44,168
Masco Corp.		1,285		53,559
TOTO Ltd.		1,522		57,319
				1,575,099
Commercial Services & Supplies - 0.3%
Brambles Ltd.		15,030		115,746
Cintas Corp.		535		143,433
Copart, Inc. (a)		1,241		99,690
Dai Nippon Printing Co., Ltd.		2,500		64,852
G4S PLC		17,154		39,951
ISS A/S		1,785		44,131
Park24 Co., Ltd.		1,300		30,200
Rentokil Initial PLC		20,957		120,491
Republic Services, Inc.-Class A		1,300		112,515
Rollins, Inc. (b)		254		8,654
Secom Co., Ltd.		2,338		213,941
Societe BIC SA		891		59,813
Sohgo Security Services Co., Ltd.		1,000		52,595
Toppan Printing Co., Ltd.		2,500		44,399
Waste Management, Inc.		2,215		254,725
				1,405,136
Construction & Engineering - 0.3%
ACS Actividades de Construccion y Servicios SA		2,778		110,998
Bouygues SA		1,739		69,641
CIMIC Group Ltd.		2,988		63,489
Eiffage SA		1,102		114,239
Epiroc AB-Class A		16,027		173,575
Epiroc AB-Class B		3,579		36,934
Ferrovial SA		4,869		140,681
HOCHTIEF AG		422		48,091
Jacobs Engineering Group, Inc.		665		60,847
JGC Corp.		4,000		52,789
Kajima Corp.		3,500		46,110
Obayashi Corp.		6,000		60,006
Quanta Services, Inc.		265		10,017
Shimizu Corp.		4,000		36,336
Skanska AB-Class B		8,587		173,845
Taisei Corp.		2,000		77,834
Vinci SA		5,456		587,715
				1,863,147
Electrical Equipment - 0.5%
ABB Ltd.		20,970		412,393
AMETEK, Inc.		1,399		128,456
Eaton Corp. PLC		2,314		192,409
Emerson Electric Co.		3,440		229,998
Fuji Electric Co., Ltd.		2,800		86,334
Legrand SA		2,541		181,267
Melrose Industries PLC		52,623		130,373
Mitsubishi Electric Corp.		21,000		280,143
Nidec Corp.		2,567		347,627
Prysmian SpA		1,074		23,062
Rockwell Automation, Inc.		730		120,304

Company	Shares		U.S. $ Value
Schneider Electric SE		6,098	$	533,222
Siemens Gamesa Renewable Energy SA		2,259		30,646
Vestas Wind Systems A/S		2,133		165,474
				2,861,708
Industrial Conglomerates - 0.7%
3M Co.		3,275		538,410
CK Hutchison Holdings Ltd.		25,840		228,119
DCC PLC		1,216		106,053
General Electric Co.		49,579		443,236
Honeywell International, Inc.		4,145		701,334
Jardine Matheson Holdings Ltd.		2,300		123,089
Jardine Strategic Holdings Ltd.		2,005		59,972
Keihan Holdings Co., Ltd.		1,000		44,558
Keppel Corp., Ltd.		13,000		55,828
NWS Holdings Ltd.		37,000		57,308
Roper Technologies, Inc.		595		212,177
Siemens AG		8,669		927,974
Smiths Group PLC		3,761		72,572
Toshiba Corp.		7,200		220,237
				3,790,867
Machinery - 1.2%
Alfa Laval AB		3,778		74,518
Alstom SA		3,502		145,064
Amada Holdings Co., Ltd.		3,000		32,509
ANDRITZ AG		693		28,320
Atlas Copco AB-Class A		6,392		196,830
Atlas Copco AB-Class B SHS		3,579		96,916
Caterpillar, Inc.		3,255		411,139
CNH Industrial NV		22,634		230,485
Cummins, Inc.		900		146,403
Daifuku Co., Ltd.		1,030		53,587
Deere & Co.		1,805		304,467
Dover Corp.		885		88,111
FANUC Corp.		2,100		396,949
Flowserve Corp.		810		37,835
Fortive Corp.		1,820		124,779
GEA Group AG		1,741		46,968
Hino Motors Ltd.		6,000		49,722
Hitachi Construction Machinery Co., Ltd.		3,000		72,870
Hoshizaki Corp.		400		31,531
IDEX Corp.		472		77,351
IHI Corp.		2,600		56,955
Illinois Tool Works, Inc.		1,715		268,380
Ingersoll-Rand PLC		1,325		163,253
JTEKT Corp.		4,300		49,661
Kawasaki Heavy Industries Ltd.		3,337		74,404
KION Group AG		1,747		91,873
Knorr-Bremse AG		473		44,461
Komatsu Ltd.		9,800		225,986
Kone Oyj-Class B		3,593		204,479
Kubota Corp.		11,872		180,558
Kurita Water Industries Ltd.		1,200		32,306
Makita Corp.		2,200		69,814
Metso Oyj		1,073		40,041
MINEBEA MITSUMI, Inc.		4,131		65,945
MISUMI Group, Inc.		2,900		68,696
Mitsubishi Heavy Industries Ltd.		3,100		121,856
Nabtesco Corp.		1,000		31,303

Company	Shares		U.S. $ Value
NGK Insulators Ltd.		2,000	$	28,612
NSK Ltd.		4,719		39,994
PACCAR, Inc.		2,110		147,721
Parker-Hannifin Corp.		795		143,585
Pentair PLC		380		14,364
Sandvik AB		12,165		189,384
Schindler Holding AG		413		92,424
Schindler Holding AG (REG)		575		128,279
SKF AB-Class B		4,700		77,612
SMC Corp./Japan		600		257,897
Snap-on, Inc.		320		50,093
Spirax-Sarco Engineering PLC		834		80,351
Stanley Black & Decker, Inc.		915		132,135
Sumitomo Heavy Industries Ltd.		1,200		35,758
Techtronic Industries Co., Ltd.		13,454		93,642
THK Co., Ltd.		1,531		40,561
Volvo AB-Class B		14,676		205,950
Wabtec Corp. (b)		1,115		80,124
Wartsila Oyj Abp		4,224		47,262
Weir Group PLC (The)		2,037		35,684
Xylem, Inc./NY		1,085		86,388
Yangzijiang Shipbuilding Holdings Ltd.		56,331		39,167
				6,483,312
Marine - 0.0%
AP Moller-Maersk A/S-Class A		70		74,629
AP Moller-Maersk A/S-Class B		68		76,869
Mitsui OSK Lines Ltd.		1,200		30,508
Nippon Yusen KK		3,100		52,077
				234,083
Professional Services - 0.5%
Adecco Group AG		1,673		92,580
Bureau Veritas SA		3,094		74,472
Equifax, Inc.		755		106,206
Experian PLC		10,230		327,146
Intertek Group PLC		1,990		133,951
Nielsen Holdings PLC		1,166		24,778
Persol Holdings Co., Ltd.		2,583		49,095
Randstad NV		1,613		79,192
Recruit Holdings Co., Ltd.		15,153		462,977
RELX PLC (London)		22,241		528,217
Robert Half International, Inc.		685		38,127
SEEK Ltd.		4,101		59,487
SGS SA		52		128,904
Teleperformance		655		141,923
Verisk Analytics, Inc.-Class A		1,000		158,140
Wolters Kluwer NV		5,568		406,269
				2,811,464
Road & Rail - 0.6%
Aurizon Holdings Ltd.		22,082		88,026
Central Japan Railway Co.		1,537		316,944
CSX Corp.		4,380		303,402
DSV A/S		2,516		239,146
East Japan Railway Co.		3,600		344,241
Hankyu Hanshin Holdings, Inc.		2,200		85,075
JB Hunt Transport Services, Inc. (b)		503		55,657
Kansas City Southern		620		82,466

Company	Shares		U.S. $ Value
Keikyu Corp.		2,000	$	38,925
Keio Corp.		1,200		74,930
Keisei Electric Railway Co., Ltd.		1,465		60,480
Kintetsu Group Holdings Co., Ltd.		1,700		88,737
Kyushu Railway Co.		1,722		54,966
MTR Corp., Ltd.		15,500		86,926
Nagoya Railroad Co., Ltd.		1,800		53,929
Nippon Express Co., Ltd.		1,200		61,460
Norfolk Southern Corp.		1,520		273,083
Odakyu Electric Railway Co., Ltd.		3,000		72,061
Seibu Holdings, Inc.		3,142		54,847
Tobu Railway Co., Ltd.		2,165		70,334
Tokyu Corp.		5,000		94,057
Union Pacific Corp.		4,040		654,399
West Japan Railway Co.		1,568		132,670
				3,386,761
Trading Companies & Distributors - 0.4%
AerCap Holdings NV (a)		1,498		82,015
Ashtead Group PLC		5,697		158,431
Brenntag AG		1,471		71,143
Bunzl PLC		3,191		83,411
Fastenal Co. (b)		2,830		92,456
Ferguson PLC		2,936		214,271
ITOCHU Corp.		16,000		331,418
Marubeni Corp.		16,000		106,703
Mitsubishi Corp.		16,100		396,429
Mitsui & Co., Ltd.		18,200		298,961
MonotaRO Co., Ltd.		2,090		55,130
Sumitomo Corp.		13,465		210,801
Toyota Tsusho Corp.		2,300		74,653
United Rentals, Inc. (a)		500		62,320
WW Grainger, Inc.		280		83,202
				2,321,344
Transportation Infrastructure - 0.2%
Aena SME SA (c)		780		142,781
Aeroports de Paris		1,000		177,871
Atlantia SpA		3,639		87,947
Auckland International Airport Ltd.		10,521		60,327
Getlink SE		6,892		103,489
Kamigumi Co., Ltd.		1,500		34,074
Sydney Airport		8,828		47,902
Transurban Group		30,317		300,971
				955,362
				36,273,434
Consumer Discretionary - 5.8%
Auto Components - 0.3%
Aisin Seiki Co., Ltd.		1,800		56,910
Aptiv PLC		1,591		139,085
BorgWarner, Inc.		620		22,742
Bridgestone Corp.		6,900		268,520
Cie Generale des Etablissements Michelin SCA-Class B		1,732		192,846
Continental AG		1,047		134,337
Denso Corp.		5,200		229,774

Company	Shares		U.S. $ Value
Faurecia SE		1,635	$	77,509
Koito Manufacturing Co., Ltd.		1,000		49,224
NGK Spark Plug Co., Ltd.		3,000		57,560
Nokian Renkaat Oyj		1,090		30,723
Stanley Electric Co., Ltd.		1,600		42,617
Sumitomo Electric Industries Ltd.		7,200		91,882
Sumitomo Rubber Industries Ltd.		4,100		48,823
Toyota Industries Corp.		1,600		92,382
Valeo SA		2,277		73,791
Yokohama Rubber Co., Ltd. (The)		1,000		20,097
				1,628,822
Automobiles - 1.0%
Bayerische Motoren Werke AG		3,152		221,984
Daimler AG		10,262		510,195
Ferrari NV		1,527		235,636
Fiat Chrysler Automobiles NV		14,140		183,223
Ford Motor Co.		21,970		201,245
General Motors Co.		7,486		280,575
Harley-Davidson, Inc. (b)		290		10,431
Honda Motor Co., Ltd.		18,521		484,962
Isuzu Motors Ltd.		5,500		60,926
Mazda Motor Corp.		5,200		46,609
Mitsubishi Motors Corp.		11,400		49,736
Nissan Motor Co., Ltd.		26,300		164,200
Peugeot SA		7,475		186,567
Porsche Automobil Holding SE (Preference Shares)		1,458		94,518
Renault SA		1,830		105,029
Subaru Corp.		6,000		169,681
Suzuki Motor Corp.		4,173		177,767
Toyota Motor Corp.		25,884		1,738,375
Volkswagen AG		630		108,300
Volkswagen AG (Preference Shares)		2,067		351,566
Yamaha Motor Co., Ltd.		2,700		49,221
				5,430,746
Distributors - 0.0%
Genuine Parts Co.		910		90,627
Jardine Cycle & Carriage Ltd.		2,000		43,438
LKQ Corp. (a)		1,114		35,035
				169,100
Diversified Consumer Services - 0.0%
Benesse Holdings, Inc.		300		7,815
H&R Block, Inc. (b)		460		10,865
				18,680
Hotels, Restaurants & Leisure - 0.9%
Accor SA		2,705		112,754
Aristocrat Leisure Ltd.		4,876		100,812
Carnival Corp. (b)		1,955		85,453
Carnival PLC		2,273		94,058
Chipotle Mexican Grill, Inc.-Class A (a)		154		129,432
Compass Group PLC		17,973		462,494
Crown Resorts Ltd.		9,430		76,711
Darden Restaurants, Inc.		770		91,029

Company	Shares		U.S. $ Value
Flutter Entertainment PLC (a)		1,060	$	99,083
Galaxy Entertainment Group Ltd.		20,155		124,955
Genting Singapore Ltd.		92,000		58,577
GVC Holdings PLC		5,872		53,637
Hilton Worldwide Holdings, Inc.		1,766		164,432
InterContinental Hotels Group PLC		1,950		121,691
Marriott International, Inc./MD-Class A		1,571		195,385
McDonald’s Corp.		4,350		933,989
McDonald’s Holdings Co. Japan Ltd.		2,200		106,562
Melco Resorts & Entertainment Ltd. (ADR)		2,345		45,516
Merlin Entertainments PLC (c)		11,141		61,991
MGM Resorts International		2,440		67,637
Norwegian Cruise Line Holdings Ltd. (a)		1,331		68,906
Oriental Land Co., Ltd./Japan		2,100		320,072
Royal Caribbean Cruises Ltd.		1,077		116,671
Sands China Ltd.		39,744		179,590
Sodexo SA		1,005		112,826
Starbucks Corp.		6,891		609,302
Tabcorp Holdings Ltd.		26,623		87,144
TUI AG		4,841		56,223
Whitbread PLC		2,125		112,156
Wynn Macau Ltd.		77,455		150,934
Wynn Resorts Ltd.		610		66,319
Yum! Brands, Inc.		1,715		194,532
				5,260,873
Household Durables - 0.4%
Auto Trader Group PLC		9,529		59,725
Barratt Developments PLC		9,541		75,952
Berkeley Group Holdings PLC		1,236		63,462
Casio Computer Co., Ltd.		181		2,817
DR Horton, Inc.		1,685		88,816
Electrolux AB-Class B		2,430		57,567
Garmin Ltd.		720		60,977
Husqvarna AB-Class B		8,194		62,314
Iida Group Holdings Co., Ltd.		2,902		47,382
Leggett & Platt, Inc. (b)		775		31,729
Lennar Corp.-Class A		1,750		97,738
Mohawk Industries, Inc. (a)		350		43,425
Newell Brands, Inc. (b)		1,125		21,060
Nikon Corp.		3,200		40,145
NVR, Inc. (a)		20		74,347
Panasonic Corp.		23,500		191,518
Persimmon PLC		3,527		94,066
PulteGroup, Inc.		915		33,443
Rinnai Corp.		700		47,168
SEB SA		568		86,206
Sekisui Chemical Co., Ltd.		4,000		62,248
Sekisui House Ltd.		6,000		118,393
Sharp Corp./Japan		4,999		55,824
Sony Corp.		14,135		835,493
Taylor Wimpey PLC		31,025		61,582
Whirlpool Corp.		400		63,344
				2,476,741

Company	Shares		U.S. $ Value
Internet & Direct Marketing Retail - 1.0%
Amazon.com, Inc. (a)		2,370	$	4,114,107
Booking Holdings, Inc. (a)		257		504,391
Delivery Hero SE (a)(c)		1,586		70,411
eBay, Inc.		4,515		175,995
Expedia Group, Inc.		832		111,829
Ocado Group PLC (a)		5,151		83,784
Prosus NV (a)		5,572		409,030
Rakuten, Inc.		8,852		87,746
Zalando SE (a)(c)		2,021		92,277
ZOZO, Inc.		2,592		60,041
				5,709,611
Leisure Products - 0.1%
Bandai Namco Holdings, Inc.		1,900		118,479
Hasbro, Inc.		700		83,083
Sankyo Co., Ltd.		300		10,324
Shimano, Inc.		700		105,773
Yamaha Corp.		1,600		72,136
				389,795
Multiline Retail - 0.3%
Dollar General Corp.		1,460		232,052
Dollar Tree, Inc. (a)		1,438		164,162
Harvey Norman Holdings Ltd.		14,257		43,615
Isetan Mitsukoshi Holdings Ltd.		2,200		17,618
J Front Retailing Co., Ltd.		3,500		41,121
Kohl’s Corp.		980		48,667
Macy’s, Inc. (b)		565		8,780
Marks & Spencer Group PLC		15,442		34,976
Marui Group Co., Ltd.		3,300		69,918
Next PLC		1,643		124,893
Nordstrom, Inc.		620		20,875
Pan Pacific International Holdings Corp.		4,000		66,970
Ryohin Keikaku Co., Ltd.		2,570		48,179
Target Corp.		2,915		311,643
Wesfarmers Ltd.		12,002		322,468
				1,555,937
Specialty Retail - 0.9%
ABC-Mart, Inc.		500		31,784
Advance Auto Parts, Inc.		431		71,287
AutoZone, Inc. (a)		155		168,116
Best Buy Co., Inc.		1,400		96,586
CarMax, Inc. (a)(b)		1,020		89,760
Fast Retailing Co., Ltd.		641		382,388
Gap, Inc. (The)		105		1,823
Hennes & Mauritz AB-Class B		9,038		175,196
Hikari Tsushin, Inc.		500		108,472
Home Depot, Inc. (The)		6,270		1,454,765
Industria de Diseno Textil SA		11,626		359,796
Kingfisher PLC		29,522		75,027
L Brands, Inc. (b)		225		4,408
Lowe’s Cos., Inc.		4,460		490,421
Nitori Holdings Co., Ltd.		750		110,062
O’Reilly Automotive, Inc. (a)		490		195,270
Ross Stores, Inc.		2,050		225,192
Shimamura Co., Ltd.		200		15,889

Company	Shares		U.S. $ Value
Tiffany & Co. (b)		655	$	60,673
TJX Cos., Inc. (The)		6,890		384,049
Tractor Supply Co.		715		64,665
Ulta Salon Cosmetics & Fragrance, Inc. (a)		352		88,229
USS Co., Ltd.		4,120		80,235
Yamada Denki Co., Ltd.		10,990		53,251
				4,787,344
Textiles, Apparel & Luxury Goods - 0.9%
adidas AG		2,040		635,142
Burberry Group PLC		4,236		113,150
Capri Holdings Ltd. (a)		149		4,941
Cie Financiere Richemont SA		5,585		409,301
EssilorLuxottica SA		3,192		460,220
Hanesbrands, Inc. (b)		747		11,444
Hermes International		281		194,081
HUGO BOSS AG		1,317		70,511
Kering SA		859		437,733
LVMH Moet Hennessy Louis Vuitton SE		3,148		1,248,999
Moncler SpA		2,123		75,671
NIKE, Inc.-Class B		7,150		671,528
Pandora A/S		1,106		44,385
Puma SE		1,420		109,873
PVH Corp.		445		39,262
Ralph Lauren Corp.		290		27,686
Swatch Group AG (The)		294		78,057
Swatch Group AG (The) (REG)		1,834		92,167
Tapestry, Inc.		780		20,319
Under Armour, Inc.-Class A (a)(b)		27		538
Under Armour, Inc.-Class C (a)		1,204		21,829
VF Corp.		1,750		155,733
				4,922,570
				32,350,219
Consumer Staples - 5.3%
Beverages - 1.2%
Anheuser-Busch InBev SA/NV		8,385		798,080
Asahi Group Holdings Ltd.		3,700		183,753
Brown-Forman Corp.-Class B (b)		992		62,278
Carlsberg A/S-Class B		1,051		155,315
Coca-Cola Amatil Ltd.		14,439		103,902
Coca-Cola Bottlers Japan Holdings, Inc.		1,300		29,232
Coca-Cola Co. (The)		21,820		1,187,881
Coca-Cola European Partners PLC		2,687		148,994
Coca-Cola HBC AG (a)		1,928		62,969
Constellation Brands, Inc.-Class A		1,020		211,426
Diageo PLC		27,623		1,128,407
Heineken Holding NV		1,000		99,490
Heineken NV		2,500		270,030
Kirin Holdings Co., Ltd.		9,345		198,860
Molson Coors Brewing Co.-Class B		1,150		66,125
Monster Beverage Corp. (a)		2,020		117,281
PepsiCo, Inc.		7,975		1,093,373
Pernod Ricard SA		2,406		428,222
Remy Cointreau SA		1,062		140,976
Suntory Beverage & Food Ltd.		1,324		56,683
Treasury Wine Estates Ltd.		6,024		75,612
				6,618,889

Company	Shares		U.S. $ Value
Food & Staples Retailing - 0.8%
Aeon Co., Ltd.		6,200	$	113,911
Carrefour SA		5,903		103,257
Casino Guichard Perrachon SA		1,228		58,611
Coles Group Ltd.		12,002		124,779
Colruyt SA		862		47,222
Costco Wholesale Corp.		2,515		724,597
Dairy Farm International Holdings Ltd.		7,381		46,520
FamilyMart Co., Ltd.		3,200		78,187
ICA Gruppen AB		2,462		113,704
J Sainsbury PLC		18,022		48,631
Jeronimo Martins SGPS SA		2,405		40,557
Koninklijke Ahold Delhaize NV		9,852		246,375
Kroger Co. (The)		4,120		106,214
Lawson, Inc.		600		30,723
METRO AG		7,593		119,790
Seven & i Holdings Co., Ltd.		8,000		306,602
Sundrug Co., Ltd.		1,000		31,553
Sysco Corp.		2,625		208,425
Tesco PLC		106,921		316,109
Tsuruha Holdings, Inc.		600		65,522
Walgreens Boots Alliance, Inc.		4,375		241,981
Walmart, Inc.		7,963		945,049
Wm Morrison Supermarkets PLC		31,098		76,570
Woolworths Group Ltd.		14,003		352,366
				4,547,255
Food Products - 1.4%
a2 Milk Co., Ltd. (a)		8,040		66,802
Ajinomoto Co., Inc.		5,000		94,638
Archer-Daniels-Midland Co.		2,925		120,130
Associated British Foods PLC		3,965		112,244
Barry Callebaut AG		91		187,690
Calbee, Inc.		1,315		41,019
Campbell Soup Co.		1,175		55,131
Chocoladefabriken Lindt & Spruengli AG (REG)		1		82,761
Conagra Brands, Inc.		2,265		69,490
Danone SA		6,291		554,122
General Mills, Inc.		3,305		182,172
Hershey Co. (The)		850		131,741
Hormel Foods Corp.		1,650		72,155
JM Smucker Co. (The)		695		76,464
Kellogg Co.		1,515		97,490
Kerry Group PLC-Class A		1,906		222,910
Kikkoman Corp.		1,619		77,671
Kraft Heinz Co. (The)		3,028		84,587
Lamb Weston Holdings, Inc.		890		64,721
McCormick & Co., Inc./MD		775		121,133
MEIJI Holdings Co., Ltd.		1,100		80,462
Mondelez International, Inc.-Class A		8,195		453,347
Mowi ASA		4,327		99,942
Nestle SA		34,710		3,764,454
NH Foods Ltd.		933		37,566
Nisshin Seifun Group, Inc.		4,000		74,172
Nissin Foods Holdings Co., Ltd.		1,200		86,965
Orkla ASA		10,095		91,858

Company	Shares		U.S. $ Value
Toyo Suisan Kaisha Ltd.		1,000	$	40,157
Tyson Foods, Inc.-Class A		1,825		157,205
WH Group Ltd. (c)		157,321		140,890
Wilmar International Ltd.		26,000		70,173
Yakult Honsha Co., Ltd.		1,333		74,832
Yamazaki Baking Co., Ltd.		59		1,055
				7,688,149
Household Products - 0.7%
Church & Dwight Co., Inc.		1,526		114,816
Clorox Co. (The)		770		116,940
Colgate-Palmolive Co.		4,880		358,729
Essity AB-Class B		4,979		145,279
Henkel AG & Co. KGaA		989		90,539
Henkel AG & Co. KGaA (Preference Shares)		1,696		167,818
Kimberly-Clark Corp.		1,955		277,708
Lion Corp.		2,000		39,565
Pigeon Corp.		1,287		53,291
Procter & Gamble Co. (The)		14,270		1,774,902
Reckitt Benckiser Group PLC		8,017		625,962
Unicharm Corp.		3,800		120,779
				3,886,328
Personal Products - 0.7%
Beiersdorf AG		1,051		123,918
Coty, Inc.-Class A		1,862		19,570
Estee Lauder Cos., Inc. (The)-Class A		1,340		266,593
Kao Corp.		5,400		400,555
Kobayashi Pharmaceutical Co., Ltd.		809		61,784
Kose Corp.		500		84,894
L’Oreal SA		2,700		755,106
Pola Orbis Holdings, Inc.		1,800		40,578
Shiseido Co., Ltd.		4,533		363,815
Unilever NV		15,507		931,155
Unilever PLC		12,594		756,924
				3,804,892
Tobacco - 0.5%
Altria Group, Inc.		10,640		435,176
British American Tobacco PLC		26,574		981,384
Imperial Brands PLC		10,218		229,457
Japan Tobacco, Inc.		13,598		297,927
Philip Morris International, Inc.		8,850		671,981
Swedish Match AB		2,884		119,276
				2,735,201
				29,280,714
Communication Services - 4.1%
Diversified Telecommunication Services - 1.5%
AT&T, Inc.		41,477		1,569,490
BT Group PLC		101,334		222,267
Cellnex Telecom SA (a)(c)		2,201		90,909
CenturyLink, Inc. (b)		4,112		51,318
Charter Communications, Inc.-Class A (a)		993		409,235
Comcast Corp.-Class A		25,752		1,160,900
Deutsche Telekom AG		37,770		633,516
DISH Network Corp.-Class A (a)		765		26,063

Company	Shares		U.S. $ Value
Elisa Oyj		1,354	$	69,805
Eurazeo SE		1,509		112,223
Eutelsat Communications SA		3,140		58,410
HKT Trust & HKT Ltd.-Class SS		55,098		87,403
Iliad SA		714		67,059
Koninklijke KPN NV		28,755		89,613
Nippon Telegraph & Telephone Corp.		7,400		354,043
Orange SA		18,911		295,994
Proximus SADP		1,568		46,591
Singapore Telecommunications Ltd.		76,000		170,817
Spark New Zealand Ltd.		17,417		48,107
Swisscom AG		247		121,863
Telecom Italia SpA/Milano (a)		150,129		85,722
Telefonica Deutschland Holding AG		17,113		47,713
Telefonica SA		52,707		402,742
Telenet Group Holding NV		715		33,741
Telenor ASA		7,146		143,377
Telia Co. AB		24,258		108,518
Telstra Corp., Ltd.		40,732		96,554
TPG Telecom Ltd.		8,880		41,620
United Internet AG		2,321		82,708
Verizon Communications, Inc.		23,505		1,418,762
Washington H Soul Pattinson & Co., Ltd.		3,258		46,293
				8,193,376
Entertainment - 0.6%
Activision Blizzard, Inc.		4,265		225,704
Electronic Arts, Inc. (a)		1,615		157,979
Konami Holdings Corp.		1,300		62,977
Netflix, Inc. (a)		2,492		666,909
Nexon Co., Ltd. (a)		5,190		63,060
Nintendo Co., Ltd.		1,284		478,285
Take-Two Interactive Software, Inc. (a)		685		85,858
Toho Co., Ltd./Tokyo		1,000		43,895
Ubisoft Entertainment SA (a)		804		57,961
Viacom, Inc.-Class B		1,340		32,200
Vivendi SA		11,072		302,960
Walt Disney Co. (The)		10,359		1,349,985
				3,527,773
Interactive Media & Services - 1.3%
Alphabet, Inc.-Class A (a)		1,709		2,086,928
Alphabet, Inc.-Class C (a)		1,744		2,125,936
Facebook, Inc.-Class A (a)		13,667		2,433,819
Kakaku.com, Inc.		3,799		93,849
LINE Corp. (a)		933		33,481
REA Group Ltd.		1,002		73,254
TripAdvisor, Inc. (a)		612		23,672
Twitter, Inc. (a)		3,986		164,223
Yahoo Japan Corp.		32,653		91,996
				7,127,158
Media - 0.2%
CBS Corp.-Class B		1,640		66,207
CyberAgent, Inc.		1,112		42,864
Dentsu, Inc.		2,100		74,256

Company	Shares		U.S. $ Value
Discovery, Inc.-Class A (a)(b)		185	$	4,927
Discovery, Inc.-Class C (a)		1,404		34,566
Fox Corp.-Class A		1,550		48,879
Fox Corp.-Class B (a)		332		10,471
Hakuhodo DY Holdings, Inc.		2,490		36,181
Informa PLC		13,755		144,055
Interpublic Group of Cos., Inc. (The)		1,375		29,645
ITV PLC		44,429		68,817
JCDecaux SA		1,905		51,550
News Corp.-Class A		878		12,222
News Corp.-Class B		767		10,964
Omnicom Group, Inc. (b)		1,360		106,488
Pearson PLC		7,821		70,922
Publicis Groupe SA		1,801		88,619
RTL Group SA		1,166		56,063
Schibsted ASA-Class B		2,252		63,155
SES SA		4,651		84,776
Singapore Press Holdings Ltd.		29,528		44,468
WPP PLC		13,761		172,306
				1,322,401
Wireless Telecommunication Services - 0.5%
KDDI Corp.		19,550		510,113
Millicom International Cellular SA		641		31,106
NTT DOCOMO, Inc.		14,767		377,070
Softbank Corp.		19,000		257,444
SoftBank Group Corp.		18,384		725,440
T-Mobile US, Inc. (a)		1,935		152,420
Tele2 AB-Class B		9,542		141,912
Vodafone Group PLC		293,152		584,048
				2,779,553
				22,950,261
Materials - 2.7%
Chemicals - 1.5%
Air Liquide SA		4,557		648,552
Air Products & Chemicals, Inc.		1,250		277,325
Akzo Nobel NV		3,226		287,445
Albemarle Corp. (b)		611		42,477
Arkema SA		1,159		108,050
Asahi Kasei Corp.		12,000		119,041
BASF SE		9,789		684,428
Celanese Corp.-Class A		758		92,696
CF Industries Holdings, Inc.		1,350		66,420
Chr Hansen Holding A/S		1,460		123,682
Clariant AG (a)		4,702		91,584
Corteva, Inc. (a)		3,906		109,368
Covestro AG (c)		1,766		87,385
Croda International PLC		1,648		98,445
Daicel Corp.		3,000		25,523
Dow, Inc. (a)		4,106		195,651
DuPont de Nemours, Inc.		4,266		304,208
Eastman Chemical Co.		830		61,279
Ecolab, Inc.		1,450		287,158
EMS-Chemie Holding AG		203		126,489
Evonik Industries AG		2,574		63,542

Company	Shares		U.S. $ Value
FMC Corp.		780	$	68,390
FUCHS PETROLUB SE (Preference Shares)		2,420		90,759
Givaudan SA		88		245,610
Hitachi Chemical Co., Ltd.		3,000		98,409
Incitec Pivot Ltd.		32,013		73,312
International Flavors & Fragrances, Inc. (b)		601		73,698
Israel Chemicals Ltd.		9,886		49,459
Johnson Matthey PLC		1,842		69,187
JSR Corp.		800		12,881
Kansai Paint Co., Ltd.		3,000		70,124
Koninklijke DSM NV		2,026		243,893
Kuraray Co., Ltd.		3,000		37,064
LANXESS AG		1,767		107,921
Linde PLC		3,090		598,595
LyondellBasell Industries NV-Class A		1,699		152,010
Mitsubishi Chemical Holdings Corp.		13,000		93,176
Mitsubishi Gas Chemical Co., Inc.		2,500		33,625
Mitsui Chemicals, Inc.		1,600		36,047
Mosaic Co. (The)		1,060		21,730
Nippon Paint Holdings Co., Ltd.		2,000		104,605
Nissan Chemical Corp.		1,000		41,871
Nitto Denko Corp.		1,600		77,528
Novozymes A/S-Class B		2,458		103,386
Orica Ltd.		7,662		116,679
PPG Industries, Inc.		1,450		171,839
Sherwin-Williams Co. (The)		475		261,188
Shin-Etsu Chemical Co., Ltd.		4,100		441,202
Showa Denko KK		1,500		39,583
Sika AG		1,200		175,574
Solvay SA		927		95,970
Sumitomo Chemical Co., Ltd.		15,000		67,722
Symrise AG		1,178		114,512
Taiyo Nippon Sanso Corp.		3,206		65,162
Teijin Ltd.		3,000		57,906
Toray Industries, Inc.		14,000		104,264
Tosoh Corp.		3,149		41,950
Umicore SA		2,002		75,642
Yara International ASA		1,297		55,920
				8,289,141
Construction Materials - 0.2%
Boral Ltd.		17,642		57,577
CRH PLC		8,841		303,460
Fletcher Building Ltd.		8,637		27,855
HeidelbergCement AG		1,342		96,959
James Hardie Industries PLC		3,449		57,935
LafargeHolcim Ltd. (a)		5,336		262,765
Martin Marietta Materials, Inc.		377		103,336
Taiheiyo Cement Corp.		1,304		35,040
Vulcan Materials Co.		815		123,261
				1,068,188
Containers & Packaging - 0.1%
AMCOR PLC (a)		7,943		77,444
Avery Dennison Corp.		535		60,760
Ball Corp.		1,810		131,786
International Paper Co.		1,875		78,413
Packaging Corp. of America		575		61,008
Sealed Air Corp.		940		39,019

Company	Shares		U.S. $ Value
Smurfit Kappa Group PLC		2,476	$	73,626
Toyo Seikan Group Holdings Ltd.		1,700		26,528
Westrock Co.		927		33,789
				582,373
Metals & Mining - 0.8%
Alumina Ltd.		28,452		45,584
Anglo American PLC		11,577		266,062
Antofagasta PLC		6,389		70,532
ArcelorMittal		12,535		176,347
BHP Group Ltd.		32,976		814,855
BHP Group PLC		23,519		502,349
BlueScope Steel Ltd.		6,941		56,377
Boliden AB		4,189		96,207
Evraz PLC		5,725		32,951
Fortescue Metals Group Ltd.		18,067		107,539
Freeport-McMoRan, Inc.		6,695		64,071
Fresnillo PLC		2,356		19,820
Glencore PLC (a)		130,406		392,985
Hitachi Metals Ltd.		5,000		54,300
JFE Holdings, Inc.		5,000		60,562
Kobe Steel Ltd.		1,199		6,440
Mitsubishi Materials Corp.		2,700		73,193
Newcrest Mining Ltd.		7,017		161,922
Newmont Goldcorp Corp.		4,531		171,815
Nippon Steel Corp.		8,643		121,109
Norsk Hydro ASA		16,444		57,902
Nucor Corp.		1,860		94,692
Rio Tinto Ltd.		4,038		252,920
Rio Tinto PLC		13,185		685,390
South32 Ltd.		56,741		100,073
Sumitomo Metal Mining Co., Ltd.		2,500		78,078
thyssenkrupp AG		3,919		54,230
voestalpine AG		1,082		24,877
				4,643,182
Paper & Forest Products - 0.1%
Mondi PLC		3,496		66,939
Oji Holdings Corp.		14,000		65,730
Stora Enso Oyj-Class R		6,056		72,879
UPM-Kymmene Oyj		5,689		167,988
				373,536
				14,956,420
Energy - 2.5%
Energy Equipment & Services - 0.1%
Baker Hughes a GE Co.-Class A		2,200		51,040
Halliburton Co.		4,250		80,112
Helmerich & Payne, Inc.		685		27,448
John Wood Group PLC		7,316		34,108
National Oilwell Varco, Inc.		1,275		27,030
Schlumberger Ltd.		7,870		268,918
TechnipFMC PLC		1,688		40,748
Tenaris SA		10,900		115,610
				645,014

Company	Shares		U.S. $ Value
Oil, Gas & Consumable Fuels - 2.4%
Aker BP ASA		1,570	$	41,834
Apache Corp.		1,315		33,664
BP PLC		229,582		1,453,428
Cabot Oil & Gas Corp.		1,390		24,422
Caltex Australia Ltd.		3,100		55,082
Chevron Corp.		10,830		1,284,438
Cimarex Energy Co.		627		30,058
Concho Resources, Inc.		1,207		81,955
ConocoPhillips		6,430		366,381
Devon Energy Corp.		1,630		39,218
Diamondback Energy, Inc.		928		83,437
Eni SpA		24,216		370,136
EOG Resources, Inc.		3,280		243,442
Equinor ASA		12,989		246,040
Exxon Mobil Corp.		24,050		1,698,171
Galp Energia SGPS SA		5,341		80,324
Hess Corp.		1,540		93,139
HollyFrontier Corp.		950		50,958
Idemitsu Kosan Co., Ltd.		2,956		83,869
Inpex Corp.		11,643		107,299
JXTG Holdings, Inc.		32,750		149,698
Kinder Morgan, Inc./DE		10,999		226,689
Koninklijke Vopak NV		502		25,802
Lundin Petroleum AB		3,430		102,827
Marathon Oil Corp.		3,335		40,920
Marathon Petroleum Corp.		3,651		221,798
Neste Oyj		4,795		158,641
Noble Energy, Inc.		2,010		45,145
Occidental Petroleum Corp.		5,086		226,174
Oil Search Ltd.		18,278		90,234
OMV AG		1,402		75,145
ONEOK, Inc.		2,218		163,444
Origin Energy Ltd.		16,658		89,722
Phillips 66		2,340		239,616
Pioneer Natural Resources Co.		1,015		127,657
Repsol SA		16,453		256,601
Royal Dutch Shell PLC-Class A		51,172		1,500,769
Royal Dutch Shell PLC-Class B		42,444		1,254,451
Santos Ltd.		18,468		96,296
TOTAL SA		26,478		1,378,623
Valero Energy Corp.		2,295		195,626
Williams Cos., Inc. (The)		6,628		159,470
Woodside Petroleum Ltd.		10,061		219,804
				13,512,447
				14,157,461
Utilities - 2.0%
Electric Utilities - 1.2%
Alliant Energy Corp.		1,438		77,551
American Electric Power Co., Inc.		2,785		260,927
AusNet Services		37,398		45,818
Chubu Electric Power Co., Inc.		6,100		88,484
Chugoku Electric Power Co., Inc. (The)		4,000		51,476
CK Infrastructure Holdings Ltd.		15,000		100,875
CLP Holdings Ltd.		12,500		131,386
Duke Energy Corp.		4,142		397,052
Edison International		1,885		142,167
EDP-Energias de Portugal SA		29,006		112,567
Electricite de France SA		11,071		123,845
Endesa SA		3,024		79,548

Company	Shares		U.S. $ Value
Enel SpA		88,110	$	658,120
Entergy Corp.		1,175		137,898
Evergy, Inc. (b)		1,485		98,842
Eversource Energy		1,960		167,521
Exelon Corp.		5,517		266,526
FirstEnergy Corp.		2,625		126,604
Fortum Oyj		4,947		116,929
HK Electric Investments & HK Electric Investments Ltd.-Class SS (c)		104,180		99,292
Iberdrola SA		70,792		735,795
Kansai Electric Power Co., Inc. (The)		8,491		95,102
Kyushu Electric Power Co., Inc.		4,100		38,747
NextEra Energy, Inc.		2,735		637,228
Orsted A/S (c)		2,499		232,304
Pinnacle West Capital Corp.		685		66,493
Power Assets Holdings Ltd.		8,500		57,059
PPL Corp.		3,765		118,560
Red Electrica Corp. SA		5,707		115,599
Southern Co. (The)		5,910		365,061
SSE PLC		10,739		164,283
Terna Rete Elettrica Nazionale SpA		23,069		148,165
Tohoku Electric Power Co., Inc.		4,300		42,029
Tokyo Electric Power Co. Holdings, Inc. (a)		13,800		67,683
Verbund AG		759		41,529
Xcel Energy, Inc.		2,830		183,639
				6,392,704
Gas Utilities - 0.2%
APA Group		13,346		103,363
Atmos Energy Corp.		692		78,812
Enagas SA		2,159		49,909
Hong Kong & China Gas Co., Ltd.		96,005		187,126
Naturgy Energy Group SA		4,316		114,472
Osaka Gas Co., Ltd.		3,600		69,143
Snam SpA		26,833		135,540
Toho Gas Co., Ltd.		2,017		77,356
Tokyo Gas Co., Ltd.		3,800		96,113
				911,834
Independent Power and Renewable Electricity Producers - 0.0%
AES Corp./VA		2,725		44,527
Electric Power Development Co., Ltd.		1,600		36,577
Meridian Energy Ltd.		18,542		60,389
NRG Energy, Inc.		1,060		41,976
Uniper SE		2,006		65,789
				249,258
Multi-Utilities - 0.6%
AGL Energy Ltd.		6,423		83,094
Ameren Corp.		1,510		120,875
CenterPoint Energy, Inc.		2,355		71,074
Centrica PLC		64,140		58,161
CMS Energy Corp.		1,720		109,994
Consolidated Edison, Inc.		1,790		169,101
Dominion Energy, Inc.		4,570		370,353
DTE Energy Co.		1,120		148,915
E.ON SE		23,845		231,836
Engie SA		18,347		299,463

Company	Shares		U.S. $ Value
National Grid PLC		38,933	$	421,539
NiSource, Inc.		1,605		48,022
Public Service Enterprise Group, Inc.		2,745		170,410
RWE AG		5,973		186,672
Sempra Energy		1,550		228,795
Suez		5,769		90,669
United Utilities Group PLC		8,008		81,285
Veolia Environnement SA		5,882		149,000
WEC Energy Group, Inc. (b)		1,718		163,382
				3,202,640
Water Utilities - 0.0%
American Water Works Co., Inc.		1,121		139,262
Severn Trent PLC		2,239		59,596
				198,858
				10,955,294
Real Estate - 1.8%
Equity Real Estate Investment Trusts (REITs) - 1.2%
Alexandria Real Estate Equities, Inc.		682		105,055
American Tower Corp.		2,525		558,353
Apartment Investment & Management Co.-Class A		874		45,570
Ascendas Real Estate Investment Trust		58,294		131,652
AvalonBay Communities, Inc.		795		171,187
Boston Properties, Inc.		950		123,177
British Land Co. PLC (The)		9,308		66,960
Crown Castle International Corp.		2,370		329,454
Daiwa House REIT Investment Corp.		13		36,574
Dexus		13,420		108,095
Digital Realty Trust, Inc. (b)		1,280		166,157
Duke Realty Corp.		1,578		53,605
Equinix, Inc.		480		276,864
Equity Residential		2,030		175,108
Essex Property Trust, Inc.		428		139,806
Extra Space Storage, Inc.		783		91,470
Federal Realty Investment Trust		472		64,258
Goodman Group		16,928		162,031
GPT Group (The)		17,105		71,130
HCP, Inc. (b)		2,330		83,018
Host Hotels & Resorts, Inc.		3,270		56,538
ICADE		1,592		142,373
Iron Mountain, Inc. (b)		1,098		35,564
Japan Prime Realty Investment Corp.		15		71,186
Japan Real Estate Investment Corp.		12		80,476
Japan Retail Fund Investment Corp.		24		50,741
Kimco Realty Corp.		1,460		30,485
Klepierre SA		2,231		75,766
Land Securities Group PLC		9,736		102,540
Link REIT		21,500		237,163
Macerich Co. (The) (b)		610		19,270
Mid-America Apartment Communities, Inc.		696		90,487
Mirvac Group		40,488		83,643
Nippon Building Fund, Inc.		13		99,881
Nippon Prologis REIT, Inc.		14		38,389
Nomura Real Estate Master Fund, Inc.		34		61,410
Prologis, Inc.		3,590		305,940
Public Storage		850		208,480

Company	Shares		U.S. $ Value
Realty Income Corp.		1,908	$	146,305
Regency Centers Corp.		1,033		71,783
SBA Communications Corp.		640		154,336
Scentre Group		50,683		134,465
Segro PLC		11,022		109,883
Simon Property Group, Inc.		1,756		273,321
SL Green Realty Corp.		476		38,913
Stockland		23,010		70,680
UDR, Inc.		1,728		83,773
United Urban Investment Corp.		26		49,810
Ventas, Inc.		2,011		146,863
Vicinity Centres		39,646		68,785
Vornado Realty Trust		1,035		65,898
Welltower, Inc.		2,235		202,603
Weyerhaeuser Co.		3,798		105,205
				6,472,479
Real Estate Management & Development - 0.6%
Aeon Mall Co., Ltd.		3,541		56,023
Aroundtown SA		11,635		95,167
Azrieli Group Ltd.		387		30,497
CapitaLand Ltd.		35,000		89,466
CBRE Group, Inc.-Class A (a)		1,915		101,514
City Developments Ltd.		11,000		78,250
CK Asset Holdings Ltd.		25,719		174,248
Daito Trust Construction Co., Ltd.		700		89,655
Daiwa House Industry Co., Ltd.		6,000		195,028
Deutsche Wohnen SE		3,212		117,249
Hang Lung Properties Ltd.		14,000		31,773
Henderson Land Development Co., Ltd.		30,420		141,691
Hongkong Land Holdings Ltd.		14,000		78,711
Hulic Co., Ltd.		6,591		67,667
Kerry Properties Ltd.		8,500		26,172
Lendlease Group		10,380		123,116
Mitsubishi Estate Co., Ltd.		13,000		251,375
Mitsui Fudosan Co., Ltd.		10,000		248,871
New World Development Co., Ltd.		82,122		106,648
Nomura Real Estate Holdings, Inc.		3,600		78,039
Sino Land Co., Ltd.		63,328		95,183
Sumitomo Realty & Development Co., Ltd.		3,843		146,711
Sun Hung Kai Properties Ltd.		15,000		215,561
Swire Properties Ltd.		25,389		79,681
Swiss Prime Site AG (a)		976		95,516
Tokyu Fudosan Holdings Corp.		7,989		51,131
Unibail-Rodamco-Westfield		1,707		248,848
Vonovia SE		5,710		289,698
Wharf Holdings Ltd. (The)		13,000		28,355
Wharf Real Estate Investment Co., Ltd.		13,000		71,000
Wheelock & Co., Ltd.		17,000		96,852
				3,599,696
				10,072,175
Total Common Stocks (cost $217,572,993)				297,234,242

	Principal Amount (000)		U.S. $ Value
GOVERNMENTS - TREASURIES - 32.9%
United States - 32.9%
U.S. Treasury Bonds
2.25%, 8/15/46	$	6,373	$	6,535,723
2.50%, 2/15/45-5/15/46		598		643,471
2.75%, 8/15/42-8/15/47		1,177		1,323,203
2.875%, 5/15/43-11/15/46		6,307		7,264,464
3.00%, 5/15/45-2/15/49		4,289		5,090,626
3.125%, 11/15/41-2/15/43		2,825		3,368,311
3.50%, 2/15/39		23		28,808
3.625%, 8/15/43		3,658		4,717,677
3.75%, 8/15/41-11/15/43		399		522,156
3.875%, 8/15/40		280		370,125
4.25%, 5/15/39		240		330,525
4.375%, 11/15/39-5/15/41		1,258		1,767,223
4.50%, 8/15/39		317		450,784
4.75%, 2/15/37-2/15/41		1,127		1,628,097
5.25%, 11/15/28		690		898,725
5.375%, 2/15/31		650		895,883
5.50%, 8/15/28		1,383		1,820,158
6.00%, 2/15/26		2,846		3,600,190
6.125%, 11/15/27		732		980,880
6.25%, 8/15/23-5/15/30		724		1,010,919
6.875%, 8/15/25		849		1,099,190
7.25%, 8/15/22		775		897,062
7.625%, 2/15/25		55		72,033
8.00%, 11/15/21		9,123		10,314,692
U.S. Treasury Notes
1.125%, 2/28/21-9/30/21		2,905		2,877,847
1.25%, 3/31/21-8/31/24		7,951		7,877,512
1.375%, 10/31/20-8/31/23		2,898		2,879,227
1.50%, 9/30/24-8/15/26		3,617		3,596,829
1.625%, 8/15/22-8/15/29		14,550		14,559,382
1.75%, 3/31/22-7/31/24		13,891		13,965,890
1.875%, 11/30/21-10/31/22		6,713		6,764,429
2.00%, 11/15/21-11/15/26		24,668		25,048,429
2.125%, 8/15/21-5/15/25		13,382		13,669,775
2.25%, 4/30/24-8/15/49		8,970		9,323,684
2.375%, 8/15/24-5/15/29		3,578		3,770,521
2.50%, 1/31/21-5/15/24		7,335		7,576,608
2.625%, 2/15/29		821		888,732
2.75%, 11/15/23-2/15/28		3,400		3,568,044
2.875%, 10/31/23-5/15/49		3,461		3,766,096
3.125%, 5/15/21-11/15/28		2,049		2,261,078
3.625%, 2/15/21		4,557		4,671,124
Total Governments - Treasuries (cost $175,119,419)				182,696,132
	Shares
INVESTMENT COMPANIES - 8.4%
Funds and Investment Trusts - 8.4% (d)
iShares Core MSCI Emerging Markets ETF		273,917		13,427,411
iShares iBoxx High Yield Corporate Bond ETF		60,146		5,242,927
Vanguard Global ex-U.S. Real Estate ETF (b)		190,876		11,183,425
Vanguard Real Estate ETF		179,819		16,768,122

Company	Shares		U.S. $ Value
Total Investment Companies (cost $46,014,923)			$	46,621,885
RIGHTS - 0.0%
Consumer Discretionary - 0.0%
Multiline Retail - 0.0%
Harvey Norman Holdings Ltd., expiring 10/11/19 (a) (cost $0)		838		1,015
SHORT-TERM INVESTMENTS - 4.0%
Investment Companies - 3.3%
AB Fixed Income Shares, Inc.-Government Money Market Portfolio- Class AB, 1.89% (d)(e)(f) (cost $18,070,318)		18,070,318		18,070,318
	Principal Amount (000)
U.S. Treasury Bills - 0.7%
U.S. Treasury Bill Zero Coupon, 10/15/19 (cost $3,762,239)	$	3,765		3,762,401
Total Short-Term Investments (cost $21,832,557)				21,832,719
Total Investments Before Security Lending Collateral for Securities Loaned - 98.8% (cost $460,539,892)				548,385,993
	Shares
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 0.0%
Investment Companies - 0.0%
AB Fixed Income Shares, Inc.-Government Money Market Portfolio- Class AB, 1.89% (d)(e)(f) (cost $45,288)		45,288		45,288
Total Investments - 98.8% (cost $460,585,180) (g)				548,431,281
Other assets less liabilities - 1.2%				6,695,061
Net Assets - 100.0%			$	555,126,342

FUTURES

Description	Number of Contracts		Expiration Month	Current Notional		Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Canadian Bond Futures		70	December 2019	$	7,534,438	$	(54,851	)
E-Mini Russell 2000 Futures		161	December 2019		12,276,250		(453,517	)

Description	Number of Contracts		Expiration Month		Current Notional		Value and Unrealized Appreciation/ (Depreciation)
Long Gilt Futures		55		December 2019	$	9,078,010	$	13,149
Mini MSCI EAFE Futures		14		December 2019		1,328,880		1,430
MSCI Emerging Markets Futures		391		December 2019		19,587,145		(359,414	)
S&P Mid 400 E-Mini Futures		64		December 2019		12,403,200		(170,776	)
Sold Contracts
Euro STOXX 50 Futures		117		December 2019		4,533,485		(55,841	)
FTSE 100 Index Futures		42		December 2019		3,812,919		(50,484	)
Hang Seng Index Futures		40		October 2019		6,645,317		77,255
S&P 500 E-Mini Futures		255		December 2019		37,975,875		416,727
TOPIX Index Futures		115		December 2019		16,889,711		(378,937	)
U.S. T-Note 10 Yr (CBT) Futures		7		December 2019		912,188		(6,900	)
							$	(1,022,159	)

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)		In Exchange For (000)		Settlement Date		Unrealized Appreciation/ (Depreciation)
BNP Paribas SA	AUD	4,885	USD	3,360		12/16/19	$	54,909
BNP Paribas SA	CAD	3,050	USD	2,310		12/16/19		4,931
BNP Paribas SA	GBP	1,439	USD	1,781		12/16/19		6,731
BNP Paribas SA	SEK	8,460	USD	869		12/16/19		4,955
BNP Paribas SA	USD	3,212	AUD	4,710		12/16/19		(24,948	)
BNP Paribas SA	USD	7,449	CAD	9,785		12/16/19		(54,398	)
Citibank, NA	AUD	9,445	USD	6,425		12/16/19		35,229
Citibank, NA	GBP	6,858	USD	8,517		12/16/19		58,073
Citibank, NA	USD	4,698	JPY	504,621		12/16/19		(6,296	)
Citibank, NA	USD	7,208	NZD	11,429		12/16/19		(38,638	)
Citibank, NA	USD	3,313	SEK	31,986		12/16/19		(47,606	)
Credit Suisse International	CHF	2,198	USD	2,244		12/16/19		27,380
Credit Suisse International	USD	3,067	NZD	4,740		12/16/19		(93,631	)
Goldman Sachs Bank USA	EUR	7,856	USD	8,623		12/16/19		10,565
Goldman Sachs Bank USA	JPY	468,525	USD	4,460		12/16/19		103,684
HSBC Bank USA	USD	2,308	NZD	3,596		12/16/19		(52,723	)
JPMorgan Chase Bank, NA	CAD	4,551	USD	3,435		12/16/19		(4,604	)
JPMorgan Chase Bank, NA	CHF	1,732	USD	1,751		12/16/19		4,535
JPMorgan Chase Bank, NA	EUR	4,663	USD	5,258		12/16/19		147,130
JPMorgan Chase Bank, NA	JPY	493,037	USD	4,662		12/16/19		78,544
JPMorgan Chase Bank, NA	NOK	29,471	USD	3,246		12/16/19		2,273
JPMorgan Chase Bank, NA	SEK	31,514	USD	3,242		12/16/19		24,359
JPMorgan Chase Bank, NA	USD	4,369	AUD	6,395		12/16/19		(41,965	)
JPMorgan Chase Bank, NA	USD	6,564	CAD	8,700		12/16/19		11,163
JPMorgan Chase Bank, NA	USD	8,105	NOK	72,384		12/16/19		(139,548	)
JPMorgan Chase Bank, NA	USD	2,548	SEK	24,115		12/16/19		(85,466	)
Morgan Stanley Capital Services, Inc.	CHF	4,782	USD	4,954		12/16/19		130,754
Morgan Stanley Capital Services, Inc.	USD	6,995	AUD	10,327		12/16/19		(8,556	)
Morgan Stanley Capital Services, Inc.	USD	3,007	GBP	2,386		12/16/19		(64,447	)
Natwest Markets PLC	JPY	389,220	USD	3,651		12/16/19		32,200
Natwest Markets PLC	USD	3,630	EUR	3,259		12/16/19		(57,668	)
State Street Bank & Trust Co.	CHF	1,382	USD	1,406		12/16/19		12,409
UBS AG	EUR	4,052	USD	4,507		12/16/19		64,663
UBS AG	GBP	2,690	USD	3,319		12/16/19		1,407
UBS AG	JPY	82,122	USD	769		12/16/19		5,484
UBS AG	SEK	38,711	USD	3,977		12/16/19		24,801
UBS AG	USD	1,643	CHF	1,615		12/16/19		(13,886	)
							$	111,799

CENTRALLY CLEARED CREDIT DEFAULT SWAPS

Description	Fixed Rate (Pay) Receive			Payment Frequency		Implied Credit Spread at September 30, 2019			Notional Amount (000)		Market Value		Upfront Premiums Paid (Received)		Unrealized Appreciation/ (Depreciation)
Sale Contracts
CDX-NAHY Series 32, 5 Year Index, 6/20/24*		5.00	%		Quarterly		3.29	%		USD  5,465	$	393,472	$	391,355	$	2,117

* Termination date

(a) Non-income producing security.

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

(c) Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At September 30, 2019, the aggregate market value of these securities amounted to $1,259,126 or 0.2% of net assets.

(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 September 30, 2019, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $108,054,499 and gross unrealized depreciation of investments was $(21,116,641), resulting in net unrealized appreciation of $86,937,858.

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
CBT	-	Chicago Board of Trade
CDX-NAHY	-	North American High Yield Credit Default Swap Index
EAFE	-	Europe, Australia, and Far East
ETF	-	Exchange Traded Fund
FTSE	-	Financial Times Stock Exchange
MSCI	-	Morgan Stanley Capital International
REG	-	Registered Shares
TOPIX	-	Tokyo Price Index

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

September 30, 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.

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of September 30, 2019:

Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Financials	$	18,610,014		$	28,570,440		$	– 0	–	$	47,180,454
Information Technology		31,676,789			9,816,955			– 0	–		41,493,744
Health Care		19,509,812			18,054,254			– 0	–		37,564,066
Industrials		13,380,545			22,892,889			– 0	–		36,273,434
Consumer Discretionary		15,454,276			16,895,943			– 0	–		32,350,219
Consumer Staples		11,200,087			18,080,627			– 0	–		29,280,714
Communication Services		14,583,288			8,366,973			– 0	–		22,950,261
Materials		3,823,426			11,132,994			– 0	–		14,956,420
Energy		6,171,118			7,986,343			– 0	–		14,157,461
Utilities		5,050,859			5,904,435			– 0	–		10,955,294
Real Estate		4,962,322			5,109,853			– 0	–		10,072,175
Governments - Treasuries		– 0	–		182,696,132			– 0	–		182,696,132
Investment Companies		46,621,885			– 0	–		– 0	–		46,621,885
Rights		1,015			– 0	–		– 0	–		1,015
Short-Term Investments:
Investment Companies		18,070,318			– 0	–		– 0	–		18,070,318
U.S. Treasury Bills		– 0	–		3,762,401			– 0	–		3,762,401
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		45,288			– 0	–		– 0	–		45,288
Total Investments in Securities		209,161,042			339,270,239			– 0	–		548,431,281
Other Financial Instruments (a):
Assets:
Futures		431,306			77,255			– 0	–		508,561
Forward Currency Exchange Contracts		– 0	–		846,179			– 0	–		846,179
Centrally Cleared Credit Default Swaps		– 0	–		393,472			– 0	–		393,472
Liabilities:
Futures		(1,045,458	)		(485,262	)		– 0	–		(1,530,720	)
Forward Currency Exchange Contracts		– 0	–		(734,380	)		– 0	–		(734,380	)
Total	$	208,546,890		$	339,367,503		$	– 0	–	$	547,914,393

(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 nine months ended September 30, 2019 is as follows:

Fund	Market Value 12/31/18 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 9/30/19 (000)		Dividend Income (000)
Government Money Market Portfolio	$	14,797	$	125,134	$	121,861	$	18,070	$	131
Government Money Market Portfolio*		869		157,447		158,271		45		7
Total	$	15,666	$	282,581	$	280,132	$	18,115	$	138

* Investments of cash collateral for securities lending transactions