NPORT-EX 2 64VF.HTM HTML

AB Variable Products Series Fund, Inc.

AB International Value Portfolio

Portfolio of Investments

September 30, 2019 (unaudited)

 

Company

    Shares        U.S. $ Value  

COMMON STOCKS - 99.0%

 

Financials - 16.6%

 

Banks - 9.9%

 

Banco Comercial Portugues SA

      12,766,090        $ 2,650,485  

Bank Hapoalim BM (a)

      476,890          3,757,574  

Bank Leumi Le-Israel BM

      522,080          3,717,118  

Bank of Ireland Group PLC

      1,149,113          4,553,259  

Erste Group Bank AG (a)

      201,590          6,662,465  

ICICI Bank Ltd.

      612,810          3,735,307  

KBC Group NV

      79,260          5,148,042  

Mediobanca Banca di Credito Finanziario SpA

      537,110          5,862,978  
       

 

 

  
          36,087,228  
       

 

 

  

Capital Markets - 1.6%

 

Credit Suisse Group AG (a)

      471,317          5,765,674  
       

 

 

  

Insurance - 5.1%

 

Allianz SE

      27,420          6,382,606  

Swiss Re AG

      36,420          3,800,199  

Zurich Insurance Group AG

      21,620          8,280,628  
       

 

 

  
          18,463,433  
       

 

 

  
          60,316,335  
       

 

 

  

Industrials - 14.6%

 

Aerospace & Defense - 7.8%

 

Airbus SE

      63,570          8,253,200  

BAE Systems PLC

      811,600          5,683,868  

Leonardo SpA

      457,041          5,372,523  

MTU Aero Engines AG

      16,680          4,432,166  

Rolls-Royce Holdings PLC (a)

      474,660          4,612,195  
       

 

 

  
          28,353,952  
       

 

 

  

Airlines - 3.8%

 

Japan Airlines Co., Ltd.

      198,100          5,883,452  

Qantas Airways Ltd.

      1,156,890          4,916,409  

Wizz Air Holdings PLC (a)(b)

      64,690          2,874,875  
       

 

 

  
          13,674,736  
       

 

 

  

Professional Services - 0.8%

 

UT Group Co., Ltd. (c)

      138,800          2,990,573  
       

 

 

  

Trading Companies & Distributors - 2.2%

 

AerCap Holdings NV (a)

      142,810          7,818,847  
       

 

 

  
          52,838,108  
       

 

 

  

Energy - 10.6%

 

Oil, Gas & Consumable Fuels - 10.6%

 

JXTG Holdings, Inc.

      1,402,200          6,409,376  

PetroChina Co., Ltd.-Class H

      8,826,000          4,527,314  

Petroleo Brasileiro SA (Preference Shares)

      743,300          4,928,559  

Repsol SA

      545,361          8,505,442  

Royal Dutch Shell PLC (Euronext Amsterdam)-Class A

      408,410          11,977,210  

Royal Dutch Shell PLC-Class A

      72,534          2,127,273  
       

 

 

  
          38,475,174  
       

 

 

  

Company

    Shares        U.S. $ Value  

Consumer Discretionary - 10.2%

 

Auto Components - 2.3%

 

NGK Spark Plug Co., Ltd.

      248,100        $ 4,760,236  

Valeo SA

      109,980          3,564,124  
       

 

 

  
          8,324,360  
       

 

 

  

Automobiles - 3.2%

 

Peugeot SA

      254,420          6,350,002  

Subaru Corp.

      181,400          5,130,007  
       

 

 

  
          11,480,009  
       

 

 

  

Hotels, Restaurants & Leisure - 1.9%

 

GVC Holdings PLC

      774,390          7,073,582  
       

 

 

  

Leisure Products - 1.0%

 

Spin Master Corp. (a)(b)(c)

      113,770          3,476,174  
       

 

 

  

Textiles, Apparel & Luxury Goods - 1.8%

 

HUGO BOSS AG

      61,820          3,309,766  

Pandora A/S

      81,130          3,255,805  
       

 

 

  
          6,565,571  
       

 

 

  
          36,919,696  
       

 

 

  

Consumer Staples - 10.0%

 

Beverages - 3.1%

 

Coca-Cola Bottlers Japan Holdings, Inc.

      136,600          3,071,603  

Coca-Cola European Partners PLC

      146,990          8,150,595  
       

 

 

  
          11,222,198  
       

 

 

  

Food Products - 4.5%

 

Orkla ASA

      724,310          6,590,722  

Salmar ASA

      76,600          3,362,926  

WH Group Ltd. (b)

      7,186,000          6,435,480  
       

 

 

  
          16,389,128  
       

 

 

  

Tobacco - 2.4%

 

British American Tobacco PLC

      239,180          8,832,971  
       

 

 

  
          36,444,297  
       

 

 

  

Materials - 9.7%

 

Chemicals - 6.1%

 

Air Water, Inc.

      217,500          3,910,951  

Covestro AG (b)

      111,210          5,502,900  

Evonik Industries AG

      160,250          3,955,970  

Johnson Matthey PLC

      142,650          5,358,057  

Tosoh Corp.

      246,000          3,277,172  
       

 

 

  
          22,005,050  
       

 

 

  

Containers & Packaging - 0.9%

 

BillerudKorsnas AB

      307,720          3,327,285  
       

 

 

  

Metals & Mining - 2.7%

 

BlueScope Steel Ltd.

      466,825          3,791,730  

First Quantum Minerals Ltd. (c)

      299,610          2,517,009  

Company

    Shares        U.S. $ Value  

Yamato Kogyo Co., Ltd.

      142,500        $ 3,552,491  
       

 

 

  
          9,861,230  
       

 

 

  
          35,193,565  
       

 

 

  

Information Technology - 9.4%

 

Communications Equipment - 1.6%

 

Nokia Oyj

      1,118,480          5,648,661  
       

 

 

  

Semiconductors & Semiconductor Equipment - 5.8%

 

NXP Semiconductors NV

      33,600          3,666,432  

SCREEN Holdings Co., Ltd. (c)

      102,000          6,075,239  

SK Hynix, Inc.

      79,480          5,458,708  

Taiwan Semiconductor Manufacturing Co., Ltd.

      669,000          5,941,743  
       

 

 

  
          21,142,122  
       

 

 

  

Technology Hardware, Storage & Peripherals - 2.0%

 

Samsung Electronics Co., Ltd.

      177,490          7,267,155  
       

 

 

  
          34,057,938  
       

 

 

  

Health Care - 8.7%

 

Health Care Equipment & Supplies - 0.8%

 

Hoya Corp.

      37,100          3,038,597  
       

 

 

  

Pharmaceuticals - 7.9%

 

GlaxoSmithKline PLC

      374,500          8,027,254  

Novo Nordisk A/S-Class B

      151,180          7,812,401  

Roche Holding AG

      43,900          12,782,119  
       

 

 

  
          28,621,774  
       

 

 

  
          31,660,371  
       

 

 

  

Utilities - 4.3%

 

Electric Utilities - 3.2%

 

EDP-Energias de Portugal SA

      1,348,724          5,234,169  

Enel SpA

      853,150          6,372,429  
       

 

 

  
          11,606,598  
       

 

 

  

Gas Utilities - 1.1%

 

ENN Energy Holdings Ltd.

      374,000          3,870,641  
       

 

 

  
          15,477,239  
       

 

 

  

Communication Services - 3.5%

 

Diversified Telecommunication Services - 1.6%

 

Nippon Telegraph & Telephone Corp.

      119,800          5,731,672  
       

 

 

  

Entertainment - 1.9%

 

Nintendo Co., Ltd.

      18,800          7,002,932  
       

 

 

  
          12,734,604  
       

 

 

  

Real Estate - 1.4%

 

Real Estate Management & Development - 1.4%

 

Aroundtown SA

      629,860          5,151,885  
       

 

 

  

Total Common Stocks
(cost $359,061,656)

           359,269,212  
       

 

 

  

Company

    Shares        U.S. $ Value  

SHORT-TERM INVESTMENTS - 0.1%

 

Investment Companies - 0.1%

 

AB Fixed Income Shares, Inc.-Government Money Market Portfolio-
Class AB, 1.89% (d)(e)(f)
(cost $271,908)

      271,908        $ 271,908  
       

 

 

  

Total Investments Before Security Lending Collateral for Securities Loaned - 99.1%
(cost $359,333,564)

           359,541,120  
       

 

 

  

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED - 0.8%

        

Investment Companies - 0.8%

        

AB Fixed Income Shares, Inc.-Government Money Market Portfolio-
Class AB, 1.89% (d)(e)(f)
(cost $2,881,720)

      2,881,720          2,881,720  
       

 

 

  

Total Investments - 99.9%
(cost $362,215,284) (g)

           362,422,840  

Other assets less liabilities - 0.1%

           308,430  
       

 

 

  

Net Assets - 100.0%

         $ 362,731,270  
       

 

 

  

FORWARD CURRENCY EXCHANGE CONTRACTS

 

Counterparty

    Contracts to
Deliver
(000)		      In Exchange
For
(000)		      Settlement
Date		      Unrealized
Appreciation/
(Depreciation)		  

Bank of America, NA

    CHF      1,696      USD      1,731        10/16/19      $ 29,715  

Bank of America, NA

    EUR      8,847      USD      10,022        10/16/19        369,768  

Bank of America, NA

    ILS      11,079      USD      3,128        10/16/19        (61,215 ) 

Bank of America, NA

    JPY      180,747      USD      1,674        10/16/19        1,208  

Bank of America, NA

    USD      2,374      ILS      8,378        10/16/19        38,123  

Bank of America, NA

    USD      5,009      JPY      537,360        10/16/19        (35,168 ) 

Bank of America, NA

    USD      748      NZD      1,124        10/16/19        (44,198 ) 

Barclays Bank PLC

    EUR      2,139      USD      2,380        10/16/19        45,745  

Barclays Bank PLC

    GBP      844      USD      1,027        10/16/19        (11,353 ) 

Barclays Bank PLC

    JPY      137,578      USD      1,298        10/16/19        24,754  

Barclays Bank PLC

    USD      15,857      AUD      22,744        10/16/19        (498,172 ) 

Barclays Bank PLC

    USD      3,258      EUR      2,918        10/16/19        (74,222 ) 

Barclays Bank PLC

    USD      3,499      GBP      2,749        10/16/19        (117,290 ) 

Barclays Bank PLC

    USD      1,040      ILS      3,647        10/16/19        10,084  

Barclays Bank PLC

    USD      1,207      JPY      130,418        10/16/19        526  

Barclays Bank PLC

    USD      4,924      JPY      520,018        10/16/19        (110,215 ) 

Barclays Bank PLC

    USD      6,027      SEK      56,409        10/16/19        (291,935 ) 

Barclays Bank PLC

    USD      1,056      INR      76,345        10/24/19        21,351  

Barclays Bank PLC

    USD      1,834      IDR      25,789,603        11/21/19        (25,907 ) 

BNP Paribas SA

    AUD      1,487      USD      1,009        10/16/19        4,656  

BNP Paribas SA

    EUR      894      USD      1,010        10/16/19        34,932  

BNP Paribas SA

    JPY      188,231      USD      1,776        10/16/19        33,718  

BNP Paribas SA

    TRY      4,689      USD      803        10/16/19        (22,634 ) 

BNP Paribas SA

    USD      957      EUR      855        10/16/19        (24,205 ) 

BNP Paribas SA

    USD      836      TRY      4,689        10/16/19        (10,190 ) 

Citibank, NA

    BRL      15,583      USD      3,743        10/02/19        (7,882 ) 

Citibank, NA

    USD      3,742      BRL      15,583        10/02/19        8,511  

Citibank, NA

    CHF      2,405      USD      2,441        10/16/19        28,737  

Citibank, NA

    EUR      9,668      USD      10,690        10/16/19        141,252  

Citibank, NA

    HKD      8,664      USD      1,106        10/16/19        43  

Citibank, NA

    ILS      10,786      USD      3,058        10/16/19        (47,200 ) 

Counterparty

    Contracts to
Deliver
(000)		      In Exchange
For
(000)		      Settlement
Date		      Unrealized
Appreciation/
(Depreciation)		  

Citibank, NA

    JPY      448,337      USD      4,156        10/16/19      $ 5,746  

Citibank, NA

    USD      6,458      CHF      6,277        10/16/19        (161,045 ) 

Citibank, NA

    USD      988      EUR      888        10/16/19        (19,176 ) 

Citibank, NA

    USD      4,903      GBP      3,904        10/16/19        (99,984 ) 

Citibank, NA

    USD      1,424      JPY      152,208        10/16/19        (15,165 ) 

Citibank, NA

    USD      7,488      NOK      67,174        10/16/19        (102,568 ) 

Citibank, NA

    USD      3,760      PLN      14,030        10/16/19        (260,474 ) 

Citibank, NA

    INR      493,853      USD      7,116        10/24/19        146,330  

Credit Suisse International

    AUD      3,367      USD      2,293        10/16/19        18,948  

Credit Suisse International

    JPY      202,026      USD      1,916        10/16/19        45,479  

Credit Suisse International

    NOK      48,572      USD      5,438        10/16/19        97,423  

Credit Suisse International

    USD      3,602      SGD      4,867        10/16/19        (79,682 ) 

Deutsche Bank AG

    BRL      12,589      USD      3,023        10/02/19        (6,876 ) 

Deutsche Bank AG

    USD      3,013      BRL      12,589        10/02/19        16,716  

Deutsche Bank AG

    CAD      4,800      USD      3,677        10/16/19        53,361  

Deutsche Bank AG

    BRL      12,589      USD      3,007        11/04/19        (15,598 ) 

Goldman Sachs Bank USA

    EUR      612      USD      693        10/16/19        26,194  

Goldman Sachs Bank USA

    PLN      14,030      USD      3,643        10/16/19        144,085  

Goldman Sachs Bank USA

    USD      1,923      RUB      124,395        11/14/19        (15,591 ) 

Goldman Sachs Bank USA

    CAD      778      USD      589        1/15/20        1,107  

Goldman Sachs Bank USA

    USD      2,793      GBP      2,229        1/15/20        (40,413 ) 

JPMorgan Chase Bank, NA

    CHF      855      USD      867        10/16/19        9,462  

JPMorgan Chase Bank, NA

    USD      1,061      CHF      1,041        10/16/19        (16,521 ) 

JPMorgan Chase Bank, NA

    USD      1,144      JPY      121,935        10/16/19        (15,461 ) 

Morgan Stanley & Co., Inc.

    BRL      2,994      USD      719        10/02/19        (1,635 ) 

Morgan Stanley & Co., Inc.

    USD      739      BRL      2,994        10/02/19        (18,162 ) 

Morgan Stanley & Co., Inc.

    CAD      1,766      USD      1,347        10/16/19        14,047  

Morgan Stanley & Co., Inc.

    CHF      6,782      USD      6,939        10/16/19        135,280  

Morgan Stanley & Co., Inc.

    EUR      1,213      USD      1,386        10/16/19        62,216  

Morgan Stanley & Co., Inc.

    GBP      1,341      USD      1,637        10/16/19        (12,803 ) 

Morgan Stanley & Co., Inc.

    ILS      7,159      USD      2,005        10/16/19        (55,675 ) 

Morgan Stanley & Co., Inc.

    USD      901      CHF      887        10/16/19        (11,677 ) 

Morgan Stanley & Co., Inc.

    USD      4,446      EUR      3,981        10/16/19        (102,174 ) 

Morgan Stanley & Co., Inc.

    USD      4,520      JPY      485,248        10/16/19        (28,142 ) 

Morgan Stanley & Co., Inc.

    USD      2,141      INR      149,181        10/24/19        (36,212 ) 

Morgan Stanley & Co., Inc.

    KRW      10,412,387      USD      8,639        10/30/19        (50,936 ) 

Morgan Stanley & Co., Inc.

    TWD      159,263      USD      5,122        11/27/19        (30,787 ) 

Morgan Stanley & Co., Inc.

    EUR      2,319      USD      2,588        1/15/20        39,538  

Natwest Markets PLC

    CAD      1,200      USD      898        10/16/19        (8,297 ) 

Natwest Markets PLC

    EUR      1,599      USD      1,793        10/16/19        48,622  

Natwest Markets PLC

    NOK      18,602      USD      2,168        10/16/19        123,169  

Natwest Markets PLC

    USD      2,260      AUD      3,220        10/16/19        (85,196 ) 

Natwest Markets PLC

    USD      13,578      JPY      1,468,799        10/16/19        18,331  

Natwest Markets PLC

    USD      1,054      SGD      1,429        10/16/19        (19,668 ) 

Natwest Markets PLC

    USD      2,920      AUD      4,236        1/15/20        (51,405 ) 

Societe Generale

    CHF      986      USD      1,013        10/16/19        23,459  

Standard Chartered Bank

    USD      3,355      JPY      357,878        10/16/19        (41,698 ) 

Standard Chartered Bank

    CNY      61,262      USD      8,902        10/17/19        277,543  

Standard Chartered Bank

    USD      621      CNY      4,401        10/17/19        (1,250 ) 

Standard Chartered Bank

    USD      490      INR      35,238        10/24/19        7,245  

State Street Bank & Trust Co.

    AUD      103      USD      70        10/16/19        432  

State Street Bank & Trust Co.

    CAD      525      USD      393        10/16/19        (3,136 ) 

State Street Bank & Trust Co.

    CHF      141      USD      143        10/16/19        1,698  

State Street Bank & Trust Co.

    EUR      5,856      USD      6,622        10/16/19        233,596  

State Street Bank & Trust Co.

    HKD      44,254      USD      5,665        10/16/19        17,267  

State Street Bank & Trust Co.

    ILS      1,067      USD      302        10/16/19        (5,184 ) 

State Street Bank & Trust Co.

    SEK      4,099      USD      430        10/16/19        12,843  

State Street Bank & Trust Co.

    USD      405      AUD      579        10/16/19        (14,498 ) 

Counterparty

    Contracts to
Deliver
(000)		      In Exchange
For
(000)		      Settlement
Date		      Unrealized
Appreciation/
(Depreciation)		  

State Street Bank & Trust Co.

    USD      775      CAD      1,030        10/16/19      $ 2,635  

State Street Bank & Trust Co.

    USD      413      CAD      541        10/16/19        (4,154 ) 

State Street Bank & Trust Co.

    USD      5,594      CHF      5,487        10/16/19        (89,598 ) 

State Street Bank & Trust Co.

    USD      2,217      EUR      1,974        10/16/19        (63,360 ) 

State Street Bank & Trust Co.

    USD      1,744      HKD      13,669        10/16/19        (97 ) 

State Street Bank & Trust Co.

    USD      475      JPY      51,049        10/16/19        (2,581 ) 

State Street Bank & Trust Co.

    USD      374      SEK      3,563        1/15/20        (9,202 ) 

UBS AG

    KRW      784,484      USD      659        10/30/19        4,069  

UBS AG

    USD      912      JPY      97,846        1/15/20        103  
                 

 

 

  
   $ (597,800 ) 
                 

 

 

  

 

(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 September 30, 2019, the aggregate market value of these securities amounted to $18,289,429 or 5.0% of net assets.

(c)

Represents entire or partial securities out on loan.

(d)

Affiliated investments.

(e)

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

(f)

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

(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 $37,677,591 and gross unrealized depreciation of investments was $(38,067,835), resulting in net unrealized depreciation of $(390,244).

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

Currency Abbreviations:

 

AUD    -    Australian Dollar
BRL    -    Brazilian Real
CAD    -    Canadian Dollar
CHF    -    Swiss Franc
CNY    -    Chinese Yuan Renminbi
EUR    -    Euro
GBP    -    Great British Pound
HKD    -    Hong Kong Dollar
IDR    -    Indonesian Rupiah
ILS    -    Israeli Shekel
INR    -    Indian Rupee
JPY    -    Japanese Yen
KRW    -    South Korean Won
NOK    -    Norwegian Krone
NZD    -    New Zealand Dollar
PLN    -    Polish Zloty
RUB    -    Russian Ruble
SEK    -    Swedish Krona
SGD    -    Singapore Dollar
TRY    -    Turkish Lira
TWD    -    New Taiwan Dollar
USD    -    United States Dollar

COUNTRY BREAKDOWN 1

September 30, 2019 (unaudited)

 

  17.2%       

United Kingdom

  16.9%       

Japan

  9.3%       

Switzerland

  8.0%       

Germany

  5.1%       

France

  4.9%       

Italy

  3.5%       

South Korea

  3.4%       

Ireland

  3.1%       

Denmark

  2.8%       

Norway

  2.4%       

Australia

  2.4%       

Spain

  2.3%       

China

  18.6%       

Other

  0.1%       

Short-Term Investments

 

 

       
  100.0%       

Total Investments

 

 

       

 

1

All data are as of September 30, 2019. The Portfolio’s country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. “Other” country weightings represent 2.2% or less in the following countries: Austria, Belgium, Brazil, Canada, Finland, Hong Kong, India, Israel, Netherlands, Portugal, Sweden and Taiwan.

AB Variable Products Series Fund, Inc.

AB International Value 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)

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

    $ – 0  –    $ 60,316,335     $ – 0  –    $ 60,316,335  

Industrials

      7,818,847       45,019,261       – 0  –      52,838,108  

Energy

      4,928,559       33,546,615       – 0  –      38,475,174  

Consumer Discretionary

      3,476,174       33,443,522       – 0  –      36,919,696  

Consumer Staples

      8,150,595       28,293,702       – 0  –      36,444,297  

Materials

      2,517,009       32,676,556       – 0  –      35,193,565  

Information Technology

      3,666,432       30,391,506       – 0  –      34,057,938  

Health Care

      – 0  –      31,660,371       – 0  –      31,660,371  

Utilities

      – 0  –      15,477,239       – 0  –      15,477,239  

Communication Services

      – 0  –      12,734,604       – 0  –      12,734,604  

Real Estate

      – 0  –      5,151,885       – 0  –      5,151,885  

Short-Term Investments

      271,908       – 0  –      – 0  –      271,908  

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

      2,881,720       – 0  –      – 0  –      2,881,720  
  

 

 

    

 

 

    

 

 

    

 

 

  

Total Investments in Securities

      33,711,244       328,711,596  (a)      – 0  –      362,422,840  

Other Financial Instruments(b):

         

Assets:

         

Forward Currency Exchange Contracts

      – 0  –      2,380,067       – 0  –      2,380,067  

Liabilities:

         

Forward Currency Exchange Contracts

      – 0  –      (2,977,867 )      – 0  –      (2,977,867 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  

Total

    $     33,711,244     $     328,113,796     $             – 0  –    $     361,825,040  
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(a)

A significant portion of the Portfolio’s foreign equity investments are categorized as Level 2 investments since they are valued using fair value prices based on third party vendor modeling tools to the extent available.

(b)

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

    $ 4,030      $ 81,858      $ 85,616      $ 272      $ 81  

Government Money Market Portfolio*

      5,149        211,014        213,281        2,882        44  
  

 

 

     

 

 

     

 

 

     

 

 

     

 

 

  

Total

    $ 9,179      $ 292,872      $ 298,897      $ 3,154      $ 125  

 

*

Investments of cash collateral for securities lending transactions.