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NPORT-EX 2 NPORT_343584394967777.htm HTML

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

September 30, 2020 (unaudited)


Company	Shares		U.S. $ Value

COMMON STOCKS – 51.5%
Information Technology – 9.2%
Communications Equipment – 0.3%
Arista Networks, Inc.^(a)		235	$	48,629
Cisco Systems, Inc.		18,940		746,047
F5 Networks, Inc.^(a)		280		34,376
Juniper Networks, Inc.		1,410		30,315
Motorola Solutions, Inc.		725		113,687
Nokia Oyj^(a)		65,083		254,725
Telefonaktiebolaget LM Ericsson - Class B		24,588		269,072

				1,496,851


Electronic Equipment, Instruments & Components – 0.7%
Amphenol Corp. - Class A		1,310		141,834
CDW Corp./DE		632		75,543
Corning, Inc.		3,415		110,680
FLIR Systems, Inc.		510		18,283
Halma PLC		3,559		107,524
Hamamatsu Photonics KK		1,600		80,859
Hexagon AB - Class B^(a)		3,240		244,727
Hitachi Ltd.		11,135		377,025
IPG Photonics Corp.^(a)		123		20,906
Keyence Corp.		1,897		886,808
Keysight Technologies, Inc.^(a)		828		81,790
Kyocera Corp.		3,732		213,681
Murata Manufacturing Co., Ltd.		6,673		433,926
Omron Corp.		2,137		167,084
Shimadzu Corp.		2,556		77,795
TDK Corp.		1,492		162,916
TE Connectivity Ltd.		1,460		142,700
Venture Corp., Ltd.		3,169		44,997
Yaskawa Electric Corp.		2,723		106,532
Yokogawa Electric Corp.		2,628		41,737
Zebra Technologies Corp. - Class A^(a)		212		53,521

				3,590,868


IT Services – 1.8%
Accenture PLC - Class A		2,825		638,422
Adyen NV^(a)(b)		87		160,470
Afterpay Ltd.^(a)		2,459		144,945
Akamai Technologies, Inc.^(a)		705		77,931
Amadeus IT Group SA - Class A		4,486		249,134
Atos SE^(a)		1,132		90,963
Automatic Data Processing, Inc.		1,980		276,190
Broadridge Financial Solutions, Inc.		519		68,508
Capgemini SE		1,852		237,603
Cognizant Technology Solutions Corp. - Class A		2,390		165,914
Computershare Ltd.		5,603		49,568
DXC Technology Co.		1,118		19,956
Edenred		2,787		125,126
Fidelity National Information Services, Inc.		2,699		397,320
Fiserv, Inc.^(a)		2,538		261,541
FleetCor Technologies, Inc.^(a)		361		85,954
Fujitsu Ltd.		2,278		311,215
Gartner, Inc.^(a)		340		42,483
Global Payments, Inc.		1,377		244,528


Company	Shares		U.S. $ Value
International Business Machines Corp.		3,938	$	479,136
Itochu Techno-Solutions Corp.		1,105		41,919
Jack Henry & Associates, Inc.		397		64,548
Leidos Holdings, Inc.		595		53,044
Mastercard, Inc. - Class A		4,010		1,356,062
NEC Corp.		2,849		166,649
Nexi SpA^(a)(b)		4,335		86,883
Nomura Research Institute Ltd.		3,684		108,473
NTT Data Corp.		7,265		92,972
Obic Co., Ltd.		803		141,218
Otsuka Corp.		1,200		61,322
Paychex, Inc.		1,345		107,291
PayPal Holdings, Inc.^(a)		5,285		1,041,303
SCSK Corp.		600		33,569
VeriSign, Inc.^(a)		475		97,304
Visa, Inc. - Class A		7,700		1,539,769
Western Union Co. (The) - Class W		1,790		38,360
Wix.com Ltd.^(a)(c)		532		135,580
Worldline SA/France^(a)(b)		1,579		129,293

				9,422,466


Semiconductors & Semiconductor Equipment – 1.8%
Advanced Micro Devices, Inc.^(a)		5,203		426,594
Advantest Corp.		2,363		114,938
Analog Devices, Inc.		1,660		193,788
Applied Materials, Inc.		4,125		245,231
ASM Pacific Technology Ltd.		3,530		36,137
ASML Holding NV		4,900		1,809,927
Broadcom, Inc.		1,759		640,839
Disco Corp.		332		81,176
Infineon Technologies AG		14,329		403,874
Intel Corp.		19,460		1,007,639
KLA Corp.		710		137,555
Lam Research Corp.		629		208,671
Lasertec Corp.		869		71,431
Maxim Integrated Products, Inc.		1,175		79,442
Microchip Technology, Inc.		1,045		107,384
Micron Technology, Inc.^(a)		4,880		229,165
NVIDIA Corp.		2,765		1,496,473
Qorvo, Inc.^(a)		518		66,827
QUALCOMM, Inc.		5,114		601,815
Rohm Co., Ltd.		1,013		78,315
Skyworks Solutions, Inc.		724		105,342
STMicroelectronics NV		7,342		225,179
Teradyne, Inc.		750		59,595
Texas Instruments, Inc.		4,145		591,865
Tokyo Electron Ltd.		1,720		449,358
Xilinx, Inc.		1,085		113,100

				9,581,660


Software – 2.8%
Adobe, Inc.^(a)		2,180		1,069,137
ANSYS, Inc.^(a)		412		134,819
Autodesk, Inc.^(a)		1,035		239,095
AVEVA Group PLC		740		45,642
Cadence Design Systems, Inc.^(a)		1,214		129,449


Company	Shares		U.S. $ Value
Check Point Software Technologies Ltd.^(a)(c)		1,211	$	145,732
Citrix Systems, Inc.		480		66,101
CyberArk Software Ltd.^(a)		394		40,748
Dassault Systemes SE		1,514		282,485
Fortinet, Inc.^(a)		569		67,034
Intuit, Inc.		1,180		384,928
Microsoft Corp.		34,173		7,187,607
Nice Ltd.^(a)		604		136,942
NortonLifeLock, Inc.		2,525		52,621
Oracle Corp.		8,732		521,300
Paycom Software, Inc.^(a)		284		88,409
Sage Group PLC (The)		12,240		113,748
salesforce.com, Inc.^(a)		3,953		993,468
SAP SE		10,861		1,691,254
ServiceNow, Inc.^(a)		879		426,315
Synopsys, Inc.^(a)		722		154,494
TeamViewer AG^(a)(b)		1,497		73,832
Temenos AG		397		53,359
Trend Micro, Inc./Japan		1,600		97,502
Tyler Technologies, Inc.^(a)		179		62,392
WiseTech Global Ltd.		1,649		30,885

				14,289,298


Technology Hardware, Storage & Peripherals – 1.8%
Apple, Inc.		72,609		8,408,848
Canon, Inc.		11,400		189,087
FUJIFILM Holdings Corp.		4,200		207,026
Hewlett Packard Enterprise Co.		5,780		54,159
HP, Inc.		6,570		124,764
Logitech International SA		1,893		146,636
NetApp, Inc.		990		43,402
Ricoh Co., Ltd.		7,717		52,091
Seagate Technology PLC		950		46,806
Western Digital Corp.		1,313		47,990
Xerox Holdings Corp.		766		14,378

				9,335,187

				47,716,330


Health Care – 7.4%
Biotechnology – 0.8%
AbbVie, Inc.		7,866		688,983
Alexion Pharmaceuticals, Inc.^(a)		980		112,141
Amgen, Inc.		2,678		680,640
Argenx SE^(a)		467		123,195
BeiGene Ltd. (Sponsored ADR)^(a)		402		115,149
Biogen, Inc.^(a)		815		231,199
CSL Ltd.		4,721		975,201
Genmab A/S^(a)		763		276,897
Gilead Sciences, Inc.		5,625		355,444
Grifols SA		2,899		83,361
Incyte Corp.^(a)		790		70,895
Regeneron Pharmaceuticals, Inc.^(a)		452		253,021
Vertex Pharmaceuticals, Inc.^(a)		1,167		317,564

				4,283,690


Company	Shares		U.S. $ Value

Health Care Equipment & Supplies – 1.6%
Abbott Laboratories		7,926	$	862,587
ABIOMED, Inc.^(a)		208		57,628
Alcon, Inc.^(a)		5,660		320,898
Align Technology, Inc.^(a)		340		111,302
Asahi Intecc Co., Ltd.		2,248		70,652
Baxter International, Inc.		2,290		184,162
Becton Dickinson and Co.		1,238		288,058
BioMerieux		477		74,665
Boston Scientific Corp.^(a)		6,210		237,284
Cochlear Ltd.		738		105,437
Coloplast A/S - Class B		1,368		216,813
Cooper Cos., Inc. (The)		211		71,132
Danaher Corp.		2,890		622,304
Demant A/S^(a)		1,271		39,860
DENTSPLY SIRONA, Inc.		946		41,369
DexCom, Inc.^(a)		409		168,602
DiaSorin SpA		290		58,346
Edwards Lifesciences Corp.^(a)		2,970		237,065
Fisher & Paykel Healthcare Corp., Ltd.		6,614		145,974
GN Store Nord A/S		1,474		111,046
Hologic, Inc.^(a)		1,120		74,446
Hoya Corp.		4,090		461,828
IDEXX Laboratories, Inc.^(a)		433		170,217
Intuitive Surgical, Inc.^(a)		555		393,795
Koninklijke Philips NV^(a)		10,532		497,312
Medtronic PLC		5,929		616,142
Microport Scientific Corp.		7,560		30,231
Olympus Corp.		13,355		277,727
ResMed, Inc.		666		114,172
Sartorius AG (Preference Shares)		410		168,048
Siemens Healthineers AG^(b)		2,811		126,181
Smith & Nephew PLC		8,855		173,463
Sonova Holding AG^(a)		635		160,919
STERIS PLC		391		68,890
Stryker Corp.		1,465		305,262
Sysmex Corp.		1,927		184,379
Teleflex, Inc.		211		71,829
Terumo Corp.		7,432		295,903
Varian Medical Systems, Inc.^(a)		345		59,340
West Pharmaceutical Services, Inc.		331		90,992
Zimmer Biomet Holdings, Inc.		925		125,929

				8,492,189


Health Care Providers & Services – 0.8%
AmerisourceBergen Corp. - Class A		635		61,544
Anthem, Inc.		1,160		311,564
Cardinal Health, Inc.		1,265		59,392
Centene Corp.^(a)		2,536		147,925
Cigna Corp.		1,661		281,390
CVS Health Corp.		5,789		338,078
DaVita, Inc.^(a)		350		29,977
Fresenius Medical Care AG & Co. KGaA		2,453		207,368
Fresenius SE & Co. KGaA		4,812		218,822
HCA Healthcare, Inc.		1,170		145,876


Company	Shares		U.S. $ Value
Henry Schein, Inc.^(a)		590	$	34,680
Humana, Inc.		585		242,126
Laboratory Corp. of America Holdings^(a)		425		80,015
McKesson Corp.		765		113,931
NMC Health PLC^(a)(d)(e)		1,143		0
Orpea^(a)		595		67,602
Quest Diagnostics, Inc.		600		68,694
Ramsay Health Care Ltd.		2,058		98,123
Ryman Healthcare Ltd.		936		8,794
Sonic Healthcare Ltd.		3,453		81,999
UnitedHealth Group, Inc.		4,305		1,342,170
Universal Health Services, Inc. - Class B		300		32,106

				3,972,176


Health Care Technology – 0.1%
Cerner Corp.		1,380		99,760
M3, Inc.		5,078		314,106

				413,866


Life Sciences Tools & Services – 0.5%
Agilent Technologies, Inc.		1,345		135,764
Bio-Rad Laboratories, Inc. - Class A^(a)		96		49,484
Eurofins Scientific SE^(a)		152		120,409
Illumina, Inc.^(a)		731		225,938
IQVIA Holdings, Inc.^(a)		796		125,473
Lonza Group AG		858		529,502
Mettler-Toledo International, Inc.^(a)		170		164,178
PerkinElmer, Inc.		455		57,107
QIAGEN NV^(a)		2,703		140,393
Sartorius Stedim Biotech		319		110,107
Thermo Fisher Scientific, Inc.		1,785		788,113
Waters Corp.^(a)		345		67,510

				2,513,978


Pharmaceuticals – 3.6%
Astellas Pharma, Inc.		21,431		319,463
AstraZeneca PLC		13,649		1,491,350
Bayer AG		10,648		656,914
Bristol-Myers Squibb Co.		10,415		627,920
Catalent, Inc.^(a)		741		63,474
Chugai Pharmaceutical Co., Ltd.		7,731		346,932
Daiichi Sankyo Co., Ltd.		17,685		542,890
Eisai Co., Ltd.		2,933		267,878
Eli Lilly & Co.		3,823		565,880
GlaxoSmithKline PLC		52,178		978,206
H Lundbeck A/S		802		26,415
Hikma Pharmaceuticals PLC		1,674		56,108
Johnson & Johnson		11,795		1,756,040
Kyowa Kirin Co., Ltd.		3,108		88,444
Merck & Co., Inc.		11,335		940,238
Merck KGaA		1,488		216,939
Mylan NV^(a)		2,255		33,442
Novartis AG		23,227		2,016,668
Novo Nordisk A/S - Class B		18,405		1,275,183
Ono Pharmaceutical Co., Ltd.		4,257		133,899
Orion Oyj - Class B		1,211		54,866


Company	Shares		U.S. $ Value
Otsuka Holdings Co., Ltd.		4,495	$	190,432
Perrigo Co. PLC		572		26,260
Pfizer, Inc.		24,754		908,472
Recordati Industria Chimica e Farmaceutica SpA		1,204		61,675
Roche Holding AG		7,308		2,503,286
Sanofi		11,738		1,176,286
Santen Pharmaceutical Co., Ltd.		4,106		83,951
Shionogi & Co., Ltd.		3,100		165,925
Takeda Pharmaceutical Co., Ltd.		16,396		586,041
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)^(a)		11,367		102,417
UCB SA		1,307		148,441
Vifor Pharma AG		524		71,277
Zoetis, Inc.		2,126		351,577

				18,835,189

				38,511,088


Financials – 6.4%
Banks – 2.7%
Aozora Bank Ltd.		1,361		22,599
Australia & New Zealand Banking Group Ltd.		32,648		407,316
Banco Bilbao Vizcaya Argentaria SA		71,998		199,862
Banco Santander SA^(a)		172,852		322,413
Bank Hapoalim BM		13,064		69,800
Bank Leumi Le-Israel BM		16,778		73,863
Bank of America Corp.		36,156		870,998
Bank of Kyoto Ltd. (The)		655		31,669
Bankinter SA		7,353		31,654
Banque Cantonale Vaudoise		349		35,417
Barclays PLC^(a)		179,647		226,635
BNP Paribas SA^(a)		12,948		468,388
CaixaBank SA		39,919		84,744
Chiba Bank Ltd. (The)		6,102		33,669
Citigroup, Inc.		9,749		420,279
Citizens Financial Group, Inc.		1,879		47,501
Comerica, Inc.		550		21,038
Commonwealth Bank of Australia		18,413		847,297
Credit Agricole SA^(a)		13,282		115,884
Danske Bank A/S^(a)		7,538		101,960
DBS Group Holdings Ltd.		17,778		261,360
DNB ASA^(a)		10,914		152,039
Erste Group Bank AG^(a)		3,207		67,156
Fifth Third Bancorp		3,090		65,879
First Republic Bank/CA		723		78,850
Fukuoka Financial Group, Inc.		1,800		30,254
Hang Seng Bank Ltd.		8,803		130,415
HSBC Holdings PLC		211,291		826,624
Huntington Bancshares, Inc./OH		4,545		41,678
ING Groep NV^(a)		44,857		320,138
Intesa Sanpaolo SpA^(a)		171,325		322,334
Israel Discount Bank Ltd. - Class A		13,191		35,585
JPMorgan Chase & Co.		14,055		1,353,075
KBC Group NV		2,475		124,112
KeyCorp		4,365		52,074
Lloyds Banking Group PLC^(a)		731,066		248,184
M&T Bank Corp.		565		52,031
Mebuki Financial Group, Inc.		10,857		24,637


Company	Shares		U.S. $ Value
Mediobanca Banca di Credito Finanziario SpA		7,149	$	56,019
Mitsubishi UFJ Financial Group, Inc.		127,145		507,420
Mizrahi Tefahot Bank Ltd.		529		9,383
Mizuho Financial Group, Inc.		27,769		346,597
National Australia Bank Ltd.		36,792		472,665
Natwest Group PLC^(a)		53,666		73,493
Nordea Bank Abp^(a)		37,296		283,402
Oversea-Chinese Banking Corp., Ltd.		38,061		236,691
People’s United Financial, Inc.		1,975		20,362
PNC Financial Services Group, Inc. (The)		1,980		217,622
Raiffeisen Bank International AG^(a)		1,704		26,081
Regions Financial Corp.		4,315		49,752
Resona Holdings, Inc.		24,078		82,030
Seven Bank Ltd.		6,786		16,446
Shinsei Bank Ltd.		1,789		22,089
Shizuoka Bank Ltd. (The)		904		6,243
Skandinaviska Enskilda Banken AB - Class A^(a)		18,734		166,387
Societe Generale SA^(a)		9,127		121,151
Standard Chartered PLC^(a)		25,714		118,325
Sumitomo Mitsui Financial Group, Inc.		15,017		419,887
Sumitomo Mitsui Trust Holdings, Inc.		3,888		103,436
SVB Financial Group^(a)		236		56,786
Svenska Handelsbanken AB - Class A^(a)		17,909		149,840
Swedbank AB - Class A^(a)		1,293		20,243
Truist Financial Corp.		5,998		228,224
UniCredit SpA^(a)		24,423		201,788
United Overseas Bank Ltd.		13,541		190,755
US Bancorp		6,305		226,034
Wells Fargo & Co.		18,608		437,474
Westpac Banking Corp.		37,065		450,684
Zions Bancorp NA		730		21,331

				13,958,051


Capital Markets – 1.3%
3i Group PLC		9,077		116,561
Ameriprise Financial, Inc.		545		83,990
Amundi SA^(a)(b)		698		49,198
ASX Ltd.		2,229		130,320
Bank of New York Mellon Corp. (The)		3,715		127,573
BlackRock, Inc. - Class A		683		384,905
Cboe Global Markets, Inc.		496		43,519
Charles Schwab Corp. (The)		5,040		182,599
CME Group, Inc. - Class A		1,650		276,062
Credit Suisse Group AG		27,544		274,963
Daiwa Securities Group, Inc.		16,000		67,295
Deutsche Bank AG^(a)		22,601		190,513
Deutsche Boerse AG		2,188		383,601
E*TRADE Financial Corp.		970		48,549
EQT AB		2,742		53,207
Franklin Resources, Inc.		1,240		25,234
Goldman Sachs Group, Inc. (The)		1,438		288,995
Hargreaves Lansdown PLC		3,794		76,318
Hong Kong Exchanges & Clearing Ltd.		13,792		649,237
Intercontinental Exchange, Inc.		2,500		250,125
Invesco Ltd.		1,580		18,028
Japan Exchange Group, Inc.		5,865		164,386
London Stock Exchange Group PLC		3,274		375,583


Company	Shares		U.S. $ Value
Macquarie Group Ltd.		3,876	$	335,988
MarketAxess Holdings, Inc.		160		77,054
Moody’s Corp.		745		215,938
Morgan Stanley		5,160		249,486
MSCI, Inc. - Class A		357		127,370
Nasdaq, Inc.		510		62,582
Natixis SA^(a)		10,888		24,468
Nomura Holdings, Inc.		36,193		165,399
Northern Trust Corp.		910		70,953
Partners Group Holding AG		216		198,678
Raymond James Financial, Inc.		459		33,397
S&P Global, Inc.		1,100		396,660
Schroders PLC		1,431		49,698
St. James’s Place PLC		6,158		74,083
Standard Life Aberdeen PLC		26,804		78,059
State Street Corp.		1,565		92,851
T. Rowe Price Group, Inc.		975		125,015
UBS Group AG		41,887		467,999

				7,106,439


Consumer Finance – 0.1%
Acom Co., Ltd.		4,593		19,979
American Express Co.		3,000		300,750
Capital One Financial Corp.		2,053		147,529
Discover Financial Services		1,360		78,581
Isracard Ltd.		0		0
Synchrony Financial		2,478		64,849

				611,688


Diversified Financial Services – 0.6%
Berkshire Hathaway, Inc. - Class B^(a)		8,734		1,859,818
EXOR NV		1,249		67,799
Groupe Bruxelles Lambert SA		768		69,237
IHS Markit Ltd.		1,711		134,331
Industrivarden AB - Class C^(a)		1,826		48,560
Investor AB - Class B		5,243		342,471
Kinnevik AB - Class B		2,785		113,039
L E Lundbergforetagen AB - Class B^(a)		875		43,233
M&G PLC		27,397		56,312
Mitsubishi UFJ Lease & Finance Co., Ltd.		4,640		21,559
ORIX Corp.		15,248		190,451
Sofina SA		178		48,595
Tokyo Century Corp.		496		27,035
Wendel SE		309		28,030

				3,050,470


Insurance – 1.7%
Admiral Group PLC		2,197		74,094
Aegon NV		20,597		53,311
Aflac, Inc.		3,190		115,957
Ageas SA/NV		2,085		85,316
AIA Group Ltd.		132,118		1,313,265
Allianz SE		4,336		832,207
Allstate Corp. (The)		1,450		136,503
American International Group, Inc.		3,833		105,522
Aon PLC		1,075		221,773
Arthur J Gallagher & Co.		752		79,396
Assicurazioni Generali SpA		12,649		178,280


Company	Shares		U.S. $ Value
Assurant, Inc.		260	$	31,541
Aviva PLC		36,655		135,614
Chubb Ltd.		2,012		233,633
Cincinnati Financial Corp.		610		47,562
CNP Assurances^(a)		1,975		24,769
Dai-ichi Life Holdings, Inc.		12,416		175,194
Direct Line Insurance Group PLC		15,828		55,203
Everest Re Group Ltd.		244		48,200
Gjensidige Forsikring ASA		358		7,266
Globe Life, Inc.		452		36,115
Hannover Rueck SE		695		107,593
Hartford Financial Services Group, Inc. (The)		1,565		57,686
Insurance Australia Group Ltd.		26,603		84,183
Japan Post Holdings Co., Ltd.		18,130		123,629
Legal & General Group PLC		58,066		141,650
Lincoln National Corp.		840		26,317
Loews Corp.		1,140		39,615
Marsh & McLennan Cos., Inc.		2,220		254,634
MetLife, Inc.		3,490		129,723
MS&AD Insurance Group Holdings, Inc.		5,122		138,003
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		1,425		362,260
NN Group NV		3,362		126,020
Poste Italiane SpA^(b)		6,014		53,295
Principal Financial Group, Inc.		1,090		43,894
Progressive Corp. (The)		2,615		247,562
Prudential Financial, Inc.		1,755		111,478
Prudential PLC		27,057		388,222
QBE Insurance Group Ltd.		16,701		103,881
RSA Insurance Group PLC		11,875		69,336
Sampo Oyj - Class A		5,422		214,727
SCOR SE^(a)		1,825		50,812
Sompo Holdings, Inc.		3,853		133,018
Suncorp Group Ltd.		14,515		88,607
Swiss Life Holding AG		368		139,248
Swiss Re AG		3,392		251,615
Tokio Marine Holdings, Inc.		7,416		324,484
Travelers Cos., Inc. (The)		1,090		117,927
Tryg A/S		1,391		43,792
Unum Group		890		14,979
Willis Towers Watson PLC		587		122,577
WR Berkley Corp.		634		38,769
Zurich Insurance Group AG		1,723		600,836

				8,741,093

				33,467,741


Consumer Discretionary – 6.1%
Auto Components – 0.3%
Aisin Seiki Co., Ltd.		1,800		57,589
Aptiv PLC		1,091		100,023
BorgWarner, Inc.		920		35,641
Bridgestone Corp.		6,162		194,775
Cie Generale des Etablissements Michelin SCA - Class B		1,954		209,757
Continental AG		1,267		137,303
Denso Corp.		4,989		218,676
Faurecia SE^(a)		874		37,673
JTEKT Corp.		2,371		18,598


Company	Shares		U.S. $ Value
NGK Spark Plug Co., Ltd.		1,803	$	31,481
Stanley Electric Co., Ltd.		1,395		40,203
Sumitomo Electric Industries Ltd.		8,682		97,736
Sumitomo Rubber Industries Ltd.		1,968		18,281
Toyoda Gosei Co., Ltd.		748		17,175
Toyota Industries Corp.		1,698		107,520
Valeo SA		2,636		80,947
Yokohama Rubber Co., Ltd. (The)		1,366		19,446

				1,422,824


Automobiles – 0.8%
Bayerische Motoren Werke AG		3,812		276,664
Daimler AG		9,852		531,467
Ferrari NV		1,451		266,286
Fiat Chrysler Automobiles NV^(a)		12,630		155,032
Ford Motor Co.		17,370		115,684
General Motors Co.		5,586		165,290
Honda Motor Co., Ltd.		18,767		445,665
Isuzu Motors Ltd.		6,348		55,518
Mitsubishi Motors Corp.^(a)		7,719		17,045
Nissan Motor Co., Ltd.^(a)		26,300		93,012
Renault SA^(a)		2,213		57,407
Subaru Corp.		7,083		137,501
Suzuki Motor Corp.		4,318		184,974
Toyota Motor Corp.		22,061		1,464,188
Volkswagen AG^(a)		374		65,369
Volkswagen AG (Preference Shares)^(a)		2,137		343,867

				4,374,969


Distributors – 0.0%
Genuine Parts Co.		610		58,054
Jardine Cycle & Carriage Ltd.		1,137		15,092
LKQ Corp.^(a)		1,314		36,437

				109,583


Diversified Consumer Services – 0.0%
Benesse Holdings, Inc.		826		21,260


Hotels, Restaurants & Leisure – 0.7%
Accor SA^(a)		2,181		61,046
Aristocrat Leisure Ltd.		6,615		144,263
Carnival Corp.^(c)		2,055		31,195
Chipotle Mexican Grill, Inc. - Class A^(a)		154		191,531
Compass Group PLC		18,425		276,776
Crown Resorts Ltd.		4,287		27,233
Darden Restaurants, Inc.		470		47,348
Domino’s Pizza, Inc.		173		73,573
Evolution Gaming Group AB^(b)		1,464		96,731
Flutter Entertainment PLC^(a)		1,614		256,155
Galaxy Entertainment Group Ltd.		24,949		168,673
Genting Singapore Ltd.		69,609		34,360
GVC Holdings PLC^(a)		6,708		84,013
Hilton Worldwide Holdings, Inc.		1,166		99,483
InterContinental Hotels Group PLC^(a)		1,447		75,954
La Francaise des Jeux SAEM^(b)		989		36,283
Las Vegas Sands Corp.		1,447		67,517


Company	Shares		U.S. $ Value
Marriott International, Inc./MD - Class A		1,171	$	108,411
McDonald’s Corp.		3,350		735,292
Melco Resorts & Entertainment Ltd. (ADR)		2,272		37,829
MGM Resorts International		2,240		48,720
Norwegian Cruise Line Holdings Ltd.^(a)(c)		931		15,929
Oriental Land Co., Ltd./Japan		2,303		322,985
Royal Caribbean Cruises Ltd.		677		43,822
Sands China Ltd.		27,932		108,270
SJM Holdings Ltd.		22,833		27,068
Sodexo SA		221		15,754
Starbucks Corp.		5,191		446,011
Whitbread PLC^(a)		2,096		57,268
Wynn Resorts Ltd.		410		29,442
Yum! Brands, Inc.		1,315		120,060

				3,888,995


Household Durables – 0.5%
Barratt Developments PLC		11,070		67,889
Berkeley Group Holdings PLC		1,449		78,989
DR Horton, Inc.		1,485		112,311
Electrolux AB - Class B		2,430		56,645
Garmin Ltd.		620		58,813
Iida Group Holdings Co., Ltd.		1,694		34,286
Leggett & Platt, Inc.		575		23,673
Lennar Corp. - Class A		1,250		102,100
Mohawk Industries, Inc.^(a)		250		24,398
Newell Brands, Inc.		1,625		27,885
Nikon Corp.		3,200		21,593
NVR, Inc.^(a)		20		81,662
Panasonic Corp.		25,416		216,495
Persimmon PLC		2,720		86,682
PulteGroup, Inc.		1,115		51,613
Rinnai Corp.		416		40,577
SEB SA		261		42,457
Sekisui Chemical Co., Ltd.		4,000		63,981
Sekisui House Ltd.		7,155		126,792
Sharp Corp./Japan		2,451		30,489
Sony Corp.		13,242		1,014,894
Taylor Wimpey PLC		37,797		52,851
Whirlpool Corp.		300		55,167

				2,472,242


Internet & Direct Marketing Retail – 1.6%
Amazon.com, Inc.^(a)		1,923		6,055,008
Booking Holdings, Inc.^(a)		257		439,645
Delivery Hero SE^(a)(b)		1,474		169,126
eBay, Inc.		3,415		177,921
Etsy, Inc.^(a)		539		65,559
Expedia Group, Inc.		532		48,779
Just Eat Takeaway.com NV^(a)(b)		1,397		156,389
Mercari, Inc.^(a)		976		45,104
Ocado Group PLC^(a)		4,171		147,525
Prosus NV^(a)		5,634		520,033
Rakuten, Inc.		9,908		106,838
Zalando SE^(a)(b)		1,747		163,222
ZOZO, Inc.		1,255		35,020

				8,130,169


Company	Shares		U.S. $ Value

Leisure Products – 0.1%
Bandai Namco Holdings, Inc.		2,300	$	168,521
Hasbro, Inc.		500		41,360
Sega Sammy Holdings, Inc.		1,992		24,279
Shimano, Inc.		854		168,575
Yamaha Corp.		1,600		76,737

				479,472


Multiline Retail – 0.3%
Dollar General Corp.		1,160		243,159
Dollar Tree, Inc.^(a)		1,038		94,811
Isetan Mitsukoshi Holdings Ltd.		3,874		20,567
Next PLC		1,531		117,377
Pan Pacific International Holdings Corp.		4,742		110,433
Ryohin Keikaku Co., Ltd.		2,570		42,704
Target Corp.		2,215		348,686
Wesfarmers Ltd.		13,052		417,197

				1,394,934


Specialty Retail – 0.8%
ABC-Mart, Inc.		380		19,785
Advance Auto Parts, Inc.		331		50,809
AutoZone, Inc.^(a)		155		182,534
Best Buy Co., Inc.		1,000		111,290
CarMax, Inc.^(a)		720		66,175
Fast Retailing Co., Ltd.		672		422,299
Gap, Inc. (The)		905		15,412
Hennes & Mauritz AB - Class B		9,038		155,706
Home Depot, Inc. (The)		4,870		1,352,448
Industria de Diseno Textil SA		11,346		313,880
JD Sports Fashion PLC		5,019		52,392
Kingfisher PLC		24,290		93,040
L Brands, Inc.		1,025		32,605
Lowe’s Cos., Inc.		3,360		557,290
Nitori Holdings Co., Ltd.		923		191,478
O’Reilly Automotive, Inc.^(a)		390		179,821
Ross Stores, Inc.		1,550		144,646
Shimamura Co., Ltd.		273		26,520
Tiffany & Co.		455		52,712
TJX Cos., Inc. (The)		5,390		299,953
Tractor Supply Co.		515		73,820
Ulta Beauty, Inc.^(a)		252		56,443

				4,451,058


Textiles, Apparel & Luxury Goods – 1.0%
adidas AG^(a)		2,192		707,889
Burberry Group PLC		4,658		93,366
Cie Financiere Richemont SA		6,009		403,461
EssilorLuxottica SA^(a)		3,274		445,710
Hanesbrands, Inc.		1,547		24,365
Hermes International		365		314,357
Kering SA		873		579,098
LVMH Moet Hennessy Louis Vuitton SE		2,889		1,351,764
Moncler SpA^(a)		2,262		92,565


Company	Shares		U.S. $ Value
NIKE, Inc. - Class B		5,550	$	696,747
Pandora A/S		1,211		87,359
PVH Corp.		245		14,612
Ralph Lauren Corp.		190		12,914
Swatch Group AG (The)		334		77,851
Tapestry, Inc.		1,180		18,443
Under Armour, Inc. - Class A^(a)		827		9,287
Under Armour, Inc. - Class C^(a)		804		7,911
VF Corp.		1,450		101,863

				5,039,562

				31,785,068


Industrials – 6.1%
Aerospace & Defense – 0.6%
Airbus SE^(a)		6,762		490,418
BAE Systems PLC		32,056		199,084
Boeing Co. (The)		2,380		393,319
Dassault Aviation SA^(a)		29		24,463
Elbit Systems Ltd.		154		18,693
General Dynamics Corp.		1,050		145,351
Howmet Aerospace, Inc.		1,716		28,692
Huntington Ingalls Industries, Inc.		179		25,194
L3Harris Technologies, Inc.		957		162,537
Lockheed Martin Corp.		1,110		425,441
MTU Aero Engines AG		612		101,452
Northrop Grumman Corp.		770		242,927
Raytheon Technologies Corp.		6,470		372,284
Rolls-Royce Holdings PLC		22,228		36,906
Safran SA^(a)		3,689		362,950
Singapore Technologies Engineering Ltd.		17,972		45,798
Teledyne Technologies, Inc.^(a)		165		51,185
Textron, Inc.		1,005		36,270
TransDigm Group, Inc.		213		101,201

				3,264,165


Air Freight & Logistics – 0.4%
CH Robinson Worldwide, Inc.		515		52,628
Deutsche Post AG		11,387		516,691
DSV PANALPINA A/S		2,435		394,965
Expeditors International of Washington, Inc.		720		65,174
FedEx Corp.		1,065		267,869
Kuehne & Nagel International AG		622		120,776
SG Holdings Co., Ltd.		1,843		95,898
United Parcel Service, Inc. - Class B		3,065		510,721
Yamato Holdings Co., Ltd.		3,400		89,564

				2,114,286


Airlines – 0.1%
Alaska Air Group, Inc.		543		19,890
American Airlines Group, Inc.^(c)		1,732		21,286
ANA Holdings, Inc.^(a)		1,324		30,625
Delta Air Lines, Inc.		2,492		76,205
Deutsche Lufthansa AG^(a)		2,752		23,837
Japan Airlines Co., Ltd.^(a)		1,304		24,322
Qantas Airways Ltd.^(a)		8,408		24,658
Singapore Airlines Ltd.		14,000		35,827
Southwest Airlines Co.		2,105		78,938
United Airlines Holdings, Inc.^(a)		972		33,777

				369,365


Company	Shares		U.S. $ Value

Building Products – 0.4%
AGC, Inc./Japan		2,225	$	65,392
Allegion PLC		385		38,080
AO Smith Corp.		555		29,304
Assa Abloy AB - Class B		11,538		269,760
Carrier Global Corp.		4,125		125,978
Cie de Saint-Gobain^(a)		5,957		249,522
Daikin Industries Ltd.		2,868		529,932
Fortune Brands Home & Security, Inc.		621		53,729
Geberit AG		427		252,623
Johnson Controls International PLC		3,392		138,563
Kingspan Group PLC^(a)		1,771		161,172
Masco Corp.		1,185		65,329
Nibe Industrier AB^(a)		3,589		92,241
Otis Worldwide Corp.		2,062		128,710
TOTO Ltd.		1,651		76,077

				2,276,412


Commercial Services & Supplies – 0.2%
Brambles Ltd.		17,764		134,883
Cintas Corp.		435		144,781
Copart, Inc.^(a)		841		88,440
Dai Nippon Printing Co., Ltd.		2,799		56,735
Park24 Co., Ltd.		1,300		21,106
Rentokil Initial PLC^(a)		20,957		144,852
Republic Services, Inc. - Class A		900		84,015
Rollins, Inc.		554		30,021
Secom Co., Ltd.		2,417		221,193
Securitas AB - Class B^(a)		3,604		55,094
Waste Management, Inc.		1,715		194,086

				1,175,206


Construction & Engineering – 0.3%
ACS Actividades de Construccion y Servicios SA		3,203		72,403
Bouygues SA		2,623		90,641
CIMIC Group Ltd.^(a)		1,118		14,975
Epiroc AB - Class A		7,586		109,893
Epiroc AB - Class B		4,489		62,310
Ferrovial SA		4,455		108,214
HOCHTIEF AG		285		22,125
Jacobs Engineering Group, Inc.		565		52,415
JGC Holdings Corp.		2,535		26,293
Kajima Corp.		5,172		62,313
Obayashi Corp.		7,474		68,232
Quanta Services, Inc.		565		29,866
Skanska AB - Class B^(a)		3,916		82,701
Taisei Corp.		2,197		74,362
Vinci SA		5,932		495,657

				1,372,400


Company	Shares		U.S. $ Value

Electrical Equipment – 0.7%
ABB Ltd.		21,227	$	539,672
AMETEK, Inc.		999		99,301
Eaton Corp. PLC		1,814		185,083
Emerson Electric Co.		2,640		173,105
Legrand SA		3,005		239,346
Melrose Industries PLC^(a)		52,623		78,032
Mitsubishi Electric Corp.		21,000		284,953
Nidec Corp.		5,134		481,456
Prysmian SpA		2,778		80,639
Rockwell Automation, Inc.		530		116,960
Schneider Electric SE		6,365		791,162
Siemens Gamesa Renewable Energy SA		2,744		74,258
Vestas Wind Systems A/S		2,290		370,079

				3,514,046


Industrial Conglomerates – 0.6%
3M Co.		2,575		412,463
CK Hutchison Holdings Ltd.		31,073		188,295
DCC PLC		1,133		87,709
General Electric Co.		39,079		243,462
Honeywell International, Inc.		3,145		517,698
Investment AB Latour - Class B		1,704		40,034
Jardine Matheson Holdings Ltd.		2,530		100,572
Jardine Strategic Holdings Ltd.		2,551		50,578
Keppel Corp., Ltd.		16,745		54,851
Roper Technologies, Inc.		495		195,579
Siemens AG		7,957		1,004,881
Smiths Group PLC		4,560		80,665
Toshiba Corp.		4,452		113,569

				3,090,356


Machinery – 1.2%
Alfa Laval AB^(a)		3,526		77,835
Amada Co. Ltd.		3,813		35,670
ANDRITZ AG		838		25,866
Atlas Copco AB - Class A		7,730		368,557
Caterpillar, Inc.		2,455		366,163
CNH Industrial NV^(a)		11,779		91,103
Cummins, Inc.		700		147,812
Daifuku Co., Ltd.		1,166		117,693
Deere & Co.		1,405		311,390
Dover Corp.		585		63,379
FANUC Corp.		2,232		428,355
Flowserve Corp.		510		13,918
Fortive Corp.		1,320		100,597
GEA Group AG		1,741		61,002
Hino Motors Ltd.		3,307		21,458
Hitachi Construction Machinery Co., Ltd.		1,238		44,862
IDEX Corp.		372		67,857
Illinois Tool Works, Inc.		1,315		254,071
Ingersoll Rand, Inc.^(a)		1,469		52,296
Kawasaki Heavy Industries Ltd.^(a)		30		405
KION Group AG		748		63,871
Knorr-Bremse AG		557		65,593
Komatsu Ltd.		10,076		221,300
Kone Oyj - Class B		3,971		348,667
Kubota Corp.		11,872		212,713
Kurita Water Industries Ltd.		1,200		39,682
Makita Corp.		2,579		123,429


Company	Shares		U.S. $ Value
MINEBEA MITSUMI, Inc.		4,131	$	78,688
MISUMI Group, Inc.		3,268		91,625
Mitsubishi Heavy Industries Ltd.		3,689		81,677
NSK Ltd.		4,073		31,176
PACCAR, Inc.		1,510		128,773
Parker-Hannifin Corp.		595		120,392
Pentair PLC		680		31,124
Sandvik AB^(a)		12,995		254,121
Schindler Holding AG (REG)		232		62,964
SKF AB - Class B		4,382		90,403
SMC Corp./Japan		660		368,172
Snap-on, Inc.		220		32,369
Spirax-Sarco Engineering PLC		641		91,280
Stanley Black & Decker, Inc.		715		115,973
Sumitomo Heavy Industries Ltd.		1,200		27,919
Techtronic Industries Co., Ltd.		15,799		210,059
Trane Technologies PLC		1,025		124,281
Volvo AB - Class B^(a)		17,115		328,777
Wartsila Oyj Abp		5,108		40,114
Westinghouse Air Brake Technologies Corp.		715		44,244
Xylem, Inc./NY		785		66,034

				6,145,709


Marine – 0.0%
AP Moller - Maersk A/S - Class B		37		58,493
Nippon Yusen KK		1,761		30,555

				89,048


Professional Services – 0.5%
Adecco Group AG		1,786		94,239
Bureau Veritas SA^(a)		3,381		76,212
Equifax, Inc.		555		87,079
Experian PLC		9,447		354,965
Intertek Group PLC		1,627		132,757
Nielsen Holdings PLC		1,566		22,206
Nihon M&A Center, Inc.		1,721		98,457
Persol Holdings Co., Ltd.		2,043		33,371
Randstad NV^(a)		1,372		71,544
Recruit Holdings Co., Ltd.		14,642		581,512
RELX PLC (London)		20,111		447,631
Robert Half International, Inc.		485		25,676
SGS SA		70		187,589
Teleperformance		676		208,412
Verisk Analytics, Inc. - Class A		700		129,717
Wolters Kluwer NV		3,143		268,106

				2,819,473


Road & Rail – 0.5%
Aurizon Holdings Ltd.		22,082		67,932
Central Japan Railway Co.		1,660		237,944
CSX Corp.		3,380		262,525
East Japan Railway Co.		3,481		214,077
Hankyu Hanshin Holdings, Inc.		2,635		84,713
JB Hunt Transport Services, Inc.		403		50,931
Kansas City Southern		420		75,949
Keio Corp.		1,200		74,287
Kintetsu Group Holdings Co., Ltd.		1,975		84,286
MTR Corp., Ltd.		5,081		25,216


Company	Shares		U.S. $ Value
Nagoya Railroad Co., Ltd.		2,151	$	58,968
Norfolk Southern Corp.		1,120		239,669
Odakyu Electric Railway Co., Ltd.		3,393		85,293
Old Dominion Freight Line, Inc.		453		81,957
Seibu Holdings, Inc.		2,487		26,780
Tobu Railway Co., Ltd.		2,165		66,902
Tokyu Corp.		5,754		74,677
Union Pacific Corp.		3,140		618,172
West Japan Railway Co.		1,872		92,492

				2,522,770


Trading Companies & Distributors – 0.4%
AerCap Holdings NV^(a)		1,369		34,485
Ashtead Group PLC		4,308		155,137
Brenntag AG		238		15,132
Bunzl PLC		3,877		125,174
Fastenal Co.		2,530		114,078
Ferguson PLC		2,235		224,909
ITOCHU Corp.		15,507		397,070
Marubeni Corp.		19,005		107,899
Mitsubishi Corp.		15,558		372,386
Mitsui & Co., Ltd.		19,057		327,453
Sumitomo Corp.		13,465		162,314
Toyota Tsusho Corp.		2,502		70,372
United Rentals, Inc.^(a)		300		52,350
WW Grainger, Inc.		180		64,218

				2,222,977


Transportation Infrastructure – 0.2%
Aena SME SA^(a)(b)		780		108,598
Aeroports de Paris		342		33,928
Atlantia SpA^(a)		5,703		89,316
Auckland International Airport Ltd.^(a)		13,988		67,896
Fraport AG Frankfurt Airport Services Worldwide^(a)		479		18,859
Getlink SE^(a)		5,064		68,598
Japan Airport Terminal Co., Ltd.		584		25,873
Kamigumi Co., Ltd.		1,130		22,267
Transurban Group		31,483		321,470

				756,805

				31,733,018


Consumer Staples – 4.9%
Beverages – 1.0%
Anheuser-Busch InBev SA/NV		7,925		426,685
Asahi Group Holdings Ltd.		4,453		155,199
Brown-Forman Corp. - Class B		792		59,653
Budweiser Brewing Co. APAC Ltd.^(b)		19,818		57,965
Carlsberg AS - Class B		1,232		165,978
Coca-Cola Amatil Ltd.		5,833		39,926
Coca-Cola Bottlers Japan Holdings, Inc.		1,300		21,762
Coca-Cola Co. (The)		17,220		850,151
Coca-Cola European Partners PLC		2,134		82,821
Coca-Cola HBC AG		2,301		56,818
Constellation Brands, Inc. - Class A		720		136,447
Diageo PLC		24,308		834,948
Heineken NV		2,984		265,656


Company	Shares		U.S. $ Value
Ito En Ltd.		616	$	43,932
Kirin Holdings Co., Ltd.		9,345		175,523
Molson Coors Beverage Co. - Class B		750		25,170
Monster Beverage Corp.^(a)		1,620		129,924
PepsiCo, Inc.		6,275		869,715
Pernod Ricard SA		2,445		389,821
Remy Cointreau SA		260		47,458
Suntory Beverage & Food Ltd.		1,601		60,123
Treasury Wine Estates Ltd.		150		964

				4,896,639


Food & Staples Retailing – 0.8%
Aeon Co., Ltd.		7,528		202,510
Coles Group Ltd.		15,355		187,066
Colruyt SA		638		41,404
Cosmos Pharmaceutical Corp.		231		40,256
Costco Wholesale Corp.		2,015		715,325
J Sainsbury PLC		20,378		50,173
Jeronimo Martins SGPS SA		2,897		46,585
Kobe Bussan Co., Ltd.		709		39,045
Koninklijke Ahold Delhaize NV		12,671		374,528
Kroger Co. (The)		3,520		119,363
Lawson, Inc.		600		28,610
Seven & i Holdings Co., Ltd.		8,674		269,502
Sundrug Co., Ltd.		824		31,061
Sysco Corp.		2,225		138,440
Tesco PLC		101,866		279,449
Tsuruha Holdings, Inc.		426		60,393
Walgreens Boots Alliance, Inc.		3,275		117,638
Walmart, Inc.		6,363		890,247
Wm Morrison Supermarkets PLC		27,684		60,765
Woolworths Group Ltd.		14,518		379,626

				4,071,986


Food Products – 1.3%
a2 Milk Co., Ltd. (The)^(a)		6,019		61,258
Ajinomoto Co., Inc.		5,373		110,120
Archer-Daniels-Midland Co.		2,425		112,738
Associated British Foods PLC		3,365		81,014
Barry Callebaut AG		35		77,958
Calbee, Inc.		1,002		33,004
Campbell Soup Co.		675		32,650
Chocoladefabriken Lindt & Spruengli AG (REG)		2		178,195
Conagra Brands, Inc.		2,165		77,312
Danone SA		7,109		460,485
General Mills, Inc.		2,605		160,676
Hershey Co. (The)		650		93,171
Hormel Foods Corp.^(c)		1,150		56,224
JM Smucker Co. (The)		495		57,182
Kellogg Co.		1,015		65,559
Kerry Group PLC - Class A		1,472		188,542
Kikkoman Corp.		1,724		95,637
Kraft Heinz Co. (The)		2,728		81,704
Lamb Weston Holdings, Inc.		590		39,099
McCormick & Co., Inc./MD		575		111,608
MEIJI Holdings Co., Ltd.		1,318		100,676
Mondelez International, Inc. - Class A		6,395		367,393
Mowi ASA		5,059		90,009
Nestle SA		30,955		3,684,015


Company	Shares		U.S. $ Value
NH Foods Ltd.		933	$	41,704
Nisshin Seifun Group, Inc.		2,277		36,139
Nissin Foods Holdings Co., Ltd.		730		68,582
Orkla ASA		4,449		44,901
Tyson Foods, Inc. - Class A		1,225		72,863
WH Group Ltd.^(b)		110,196		89,888
Wilmar International Ltd.		22,113		71,797
Yakult Honsha Co., Ltd.		1,419		78,790
Yamazaki Baking Co., Ltd.		1,394		24,299

				6,945,192


Household Products – 0.7%
Church & Dwight Co., Inc.		1,026		96,146
Clorox Co. (The)		570		119,797
Colgate-Palmolive Co.		3,780		291,627
Essity AB - Class B^(a)		6,982		235,721
Henkel AG & Co. KGaA		638		59,671
Henkel AG & Co. KGaA (Preference Shares)		2,051		214,507
Kimberly-Clark Corp.		1,555		229,611
Lion Corp.		2,582		53,006
Procter & Gamble Co. (The)		11,170		1,552,518
Reckitt Benckiser Group PLC		7,382		719,784
Unicharm Corp.		4,645		207,740

				3,780,128


Personal Products – 0.7%
Beiersdorf AG		1,161		131,817
Estee Lauder Cos., Inc. (The) - Class A		1,040		226,980
Kao Corp.		5,549		416,568
L’Oreal SA		2,892		941,140
Shiseido Co., Ltd.		4,614		267,104
Unilever NV		16,815		1,021,130
Unilever PLC		12,154		749,332

				3,754,071


Tobacco – 0.4%
Altria Group, Inc.		8,340		322,258
British American Tobacco PLC		23,860		855,889
Imperial Brands PLC		9,340		164,977
Japan Tobacco, Inc.		13,853		252,731
Philip Morris International, Inc.		6,950		521,180
Swedish Match AB		1,957		160,017

				2,277,052

				25,725,068


Communication Services – 4.1%
Diversified Telecommunication Services – 1.2%
Altice Europe NV - Class A^(a)		7,169		34,132
AT&T, Inc.		32,677		931,621
BT Group PLC		81,346		103,035
Cellnex Telecom SA^(b)		3,059		185,689
CenturyLink, Inc.		4,312		43,508
Charter Communications, Inc. - Class A^(a)		693		432,668
Comcast Corp. - Class A		20,252		936,857
Deutsche Telekom AG		34,771		578,938
Elisa Oyj		1,638		96,300


Company	Shares		U.S. $ Value
Eurazeo SE^(a)		453	$	24,525
HKT Trust & HKT Ltd. - Class SS		43,580		57,844
Iliad SA		171		31,367
Infrastrutture Wireless Italiane SpA^(b)		2,762		30,471
Koninklijke KPN NV		41,123		96,488
Nippon Telegraph & Telephone Corp.		14,800		302,167
Orange SA		22,965		239,193
PCCW Ltd.		48,874		29,238
Proximus SADP		1,581		28,842
Singapore Telecommunications Ltd.		71,734		112,269
Spark New Zealand Ltd.		21,146		65,982
Swisscom AG		299		158,398
Telecom Italia SpA/Milano		96,254		38,579
Telecom Italia SpA/Milano (Savings Shares)		69,387		28,017
Telefonica Deutschland Holding AG		11,986		30,633
Telefonica SA		54,903		188,074
Telenet Group Holding NV		528		20,494
Telenor ASA		8,302		139,380
Telia Co. AB		29,074		118,946
Telstra Corp., Ltd.		47,917		95,942
United Internet AG		1,180		45,126
Verizon Communications, Inc.		18,505		1,100,862
Washington H Soul Pattinson & Co., Ltd.		1,240		21,063

				6,346,648


Entertainment – 0.7%
Activision Blizzard, Inc.		3,365		272,397
Bollore SA		10,158		37,837
Electronic Arts, Inc.^(a)		1,315		171,489
Konami Holdings Corp.		1,074		46,460
Live Nation Entertainment, Inc.^(a)		616		33,190
Netflix, Inc.^(a)		1,992		996,060
Nexon Co., Ltd.		5,577		139,111
Nintendo Co., Ltd.		1,164		659,628
Take-Two Interactive Software, Inc.^(a)		485		80,132
Toho Co., Ltd./Tokyo		115		4,741
Ubisoft Entertainment SA^(a)		81		7,300
Vivendi SA		9,545		266,581
Walt Disney Co. (The)		8,059		999,961

				3,714,887


Interactive Media & Services – 1.4%
Adevinta ASA - Class B^(a)		2,508		43,102
Alphabet, Inc. - Class A^(a)		1,409		2,065,030
Alphabet, Inc. - Class C^(a)		1,344		1,975,142
Auto Trader Group PLC^(b)		11,120		80,736
Facebook, Inc. - Class A^(a)		10,767		2,819,877
Kakaku.com, Inc.		1,547		40,785
LINE Corp.^(a)		694		35,326
REA Group Ltd.		607		48,335
Scout24 AG^(b)		181		15,788
SEEK Ltd.		3,727		57,494
Twitter, Inc.^(a)		3,386		150,677
Z Holdings Corp.		30,532		203,936

				7,536,228


Company	Shares		U.S. $ Value

Media – 0.2%
Dentsu Group, Inc.		2,490	$	73,496
Discovery, Inc. - Class A^(a)(c)		685		14,913
Discovery, Inc. - Class C^(a)		1,404		27,518
DISH Network Corp. - Class A^(a)		1,106		32,107
Fox Corp. - Class A		1,550		43,137
Fox Corp. - Class B^(a)		632		17,677
Hakuhodo DY Holdings, Inc.		2,490		32,199
Informa PLC^(a)		14,664		71,072
Interpublic Group of Cos., Inc. (The)		1,675		27,922
JCDecaux SA^(a)		980		16,942
News Corp. - Class A		1,678		23,526
News Corp. - Class B		467		6,529
Omnicom Group, Inc.		960		47,520
Pearson PLC		8,837		62,686
Publicis Groupe SA		2,491		80,285
SES SA		3,959		28,027
ViacomCBS, Inc. - Class B		2,338		65,487
WPP PLC		13,761		108,078

				779,121


Wireless Telecommunication Services – 0.6%
KDDI Corp.		17,149		431,324
NTT DOCOMO, Inc.		13,437		493,757
Softbank Corp.		30,142		336,817
SoftBank Group Corp.		16,303		1,008,741
T-Mobile US, Inc.^(a)		2,651		303,168
Tele2 AB - Class B		5,748		81,041
Vodafone Group PLC		278,458		369,076

				3,023,924

				21,400,808


Materials – 2.7%
Chemicals – 1.5%
Air Liquide SA		4,936		782,404
Air Products & Chemicals, Inc.		1,050		312,753
Air Water, Inc.		2,115		28,605
Akzo Nobel NV		2,298		232,260
Albemarle Corp.		411		36,694
Arkema SA		794		84,183
Asahi Kasei Corp.		14,441		125,978
BASF SE		10,619		646,655
Celanese Corp. - Class A		458		49,212
CF Industries Holdings, Inc.		950		29,174
Chr Hansen Holding A/S		1,215		134,872
Corteva, Inc.		3,306		95,246
Covestro AG^(b)		2,001		99,230
Croda International PLC		1,484		119,708
Dow, Inc.		3,306		155,547
DuPont de Nemours, Inc.		3,266		181,198
Eastman Chemical Co.		530		41,404
Ecolab, Inc.		1,150		229,816
Evonik Industries AG		2,375		61,439
FMC Corp.		580		61,428
FUCHS PETROLUB SE (Preference Shares)		800		40,677
Givaudan SA		107		462,005


Company	Shares		U.S. $ Value
International Flavors & Fragrances, Inc.		501	$	61,311
Israel Chemicals Ltd.		8,106		28,643
Johnson Matthey PLC		2,228		67,704
JSR Corp.		2,342		55,665
Kansai Paint Co., Ltd.		2,040		50,704
Koninklijke DSM NV		1,984		326,629
Kuraray Co., Ltd.		3,676		35,667
LANXESS AG		957		54,756
Linde PLC		2,390		569,131
LyondellBasell Industries NV - Class A		1,099		77,468
Mitsubishi Chemical Holdings Corp.		14,738		85,073
Mitsubishi Gas Chemical Co., Inc.		1,819		33,840
Mosaic Co. (The)		1,560		28,501
Nippon Paint Holdings Co., Ltd.		1,686		173,567
Nissan Chemical Corp.		1,429		76,180
Nitto Denko Corp.		1,828		119,092
Novozymes A/S - Class B		1,608		101,067
Orica Ltd.		4,656		51,839
PPG Industries, Inc.		1,050		128,184
Sherwin-Williams Co. (The)		375		261,277
Shin-Etsu Chemical Co., Ltd.		4,100		536,502
Showa Denko KK		1,500		27,532
Sika AG		1,633		400,986
Solvay SA		853		73,386
Symrise AG		1,481		204,559
Taiyo Nippon Sanso Corp.		1,745		26,831
Teijin Ltd.		2,050		31,792
Toray Industries, Inc.		15,963		73,031
Tosoh Corp.		2,791		45,315
Umicore SA		1,906		79,279
Yara International ASA		2,038		78,422

				7,974,421


Construction Materials – 0.2%
CRH PLC		9,039		327,766
James Hardie Industries PLC		5,099		122,232
LafargeHolcim Ltd.		6,027		274,346
Martin Marietta Materials, Inc.		277		65,195
Taiheiyo Cement Corp.		1,304		33,296
Vulcan Materials Co.		615		83,357

				906,192


Containers & Packaging – 0.1%
AMCOR PLC		7,243		80,035
Avery Dennison Corp.		335		42,827
Ball Corp.		1,410		117,199
International Paper Co.		1,675		67,905
Packaging Corp. of America		375		40,894
Sealed Air Corp.		640		24,838
Smurfit Kappa Group PLC		1,254		49,204
Westrock Co.		1,127		39,152

				462,054


Metals & Mining – 0.8%
Anglo American PLC		12,776		309,097
Antofagasta PLC		4,539		59,902
BHP Group Ltd.		30,641		791,567
BHP Group PLC		21,969		468,690
BlueScope Steel Ltd.		1,761		16,225


Company	Shares		U.S. $ Value
Boliden AB		3,148	$	93,403
Fortescue Metals Group Ltd.		19,493		229,004
Freeport-McMoRan, Inc.		6,395		100,018
Glencore PLC^(a)		101,307		210,027
Hitachi Metals Ltd.		2,468		38,057
JFE Holdings, Inc.^(a)		5,000		35,009
Maruichi Steel Tube Ltd.		649		16,248
Mitsubishi Materials Corp.		1,286		25,343
Newcrest Mining Ltd.		9,300		210,886
Newmont Corp.		3,631		230,387
Nippon Steel Corp.^(a)		9,298		87,777
Norsk Hydro ASA^(a)		14,486		39,985
Northern Star Resources Ltd.		8,518		84,405
Nucor Corp.		1,260		56,523
Rio Tinto Ltd.		4,273		291,852
Rio Tinto PLC		11,667		702,031
South32 Ltd.		52,892		78,495
Sumitomo Metal Mining Co., Ltd.		2,682		83,180
thyssenkrupp AG^(a)		3,919		19,719
voestalpine AG		1,337		35,238

				4,313,068


Paper & Forest Products – 0.1%
Mondi PLC		5,565		117,670
Stora Enso Oyj - Class R		6,696		104,806
Svenska Cellulosa AB SCA - Class B^(a)		6,974		95,610
UPM-Kymmene Oyj		6,144		187,004

				505,090

				14,160,825


Utilities – 1.8%
Electric Utilities – 1.1%
Alliant Energy Corp.		1,038		53,613
American Electric Power Co., Inc.		2,185		178,580
Chubu Electric Power Co., Inc.		7,416		90,204
Chugoku Electric Power Co., Inc. (The)		3,342		41,784
CLP Holdings Ltd.		18,903		176,502
Duke Energy Corp.		3,242		287,111
Edison International		1,585		80,581
EDP - Energias de Portugal SA		31,472		154,746
Electricite de France SA		7,145		75,476
Elia Group SA/NV		356		35,589
Endesa SA		3,656		97,791
Enel SpA		93,625		812,282
Entergy Corp.		875		86,214
Evergy, Inc.		985		50,058
Eversource Energy		1,460		121,983
Exelon Corp.		4,317		154,376
FirstEnergy Corp.		2,325		66,751
Fortum Oyj		4,947		100,019
HK Electric Investments & HK Electric Investments Ltd. - Class SS^(b)		30,514		31,547
Iberdrola SA		61,787		760,510
Kansai Electric Power Co., Inc. (The)		8,006		77,593
Kyushu Electric Power Co., Inc.		4,100		37,200
Mercury NZ Ltd.		7,840		26,529
NextEra Energy, Inc.		2,235		620,346


Company	Shares		U.S. $ Value
NRG Energy, Inc.		1,060	$	32,584
Orsted A/S^(b)		1,747		240,842
Pinnacle West Capital Corp.		485		36,157
Power Assets Holdings Ltd.		15,969		84,169
PPL Corp.		3,365		91,562
Red Electrica Corp. SA		3,386		63,505
Southern Co. (The)		4,610		249,954
SSE PLC		10,149		157,961
Terna Rete Elettrica Nazionale SpA		2,250		15,743
Tohoku Electric Power Co., Inc.		4,920		49,309
Verbund AG		759		41,451
Xcel Energy, Inc.		2,330		160,793

				5,441,415


Gas Utilities – 0.2%
APA Group		13,346		99,210
Atmos Energy Corp.		492		47,030
Enagas SA		2,865		66,104
Hong Kong & China Gas Co., Ltd.		122,741		178,225
Naturgy Energy Group SA		3,396		68,106
Osaka Gas Co., Ltd.		4,317		84,048
Snam SpA		23,447		120,582
Toho Gas Co., Ltd.		851		42,108
Tokyo Gas Co., Ltd.		4,329		98,790

				804,203


Independent Power and Renewable Electricity Producers – 0.0%
AES Corp. (The)		2,925		52,972
Electric Power Development Co., Ltd.		1,600		24,679
Meridian Energy Ltd.		14,751		48,514
Uniper SE		527		17,011

				143,176


Multi-Utilities – 0.5%
AGL Energy Ltd.		7,355		71,817
Ameren Corp.		1,010		79,871
CenterPoint Energy, Inc.		2,155		41,699
CMS Energy Corp.		1,220		74,920
Consolidated Edison, Inc.		1,490		115,922
Dominion Energy, Inc.		3,670		289,673
DTE Energy Co.		820		94,333
E.ON SE		25,844		284,863
Engie SA^(a)		21,025		280,968
National Grid PLC		36,491		419,141
NiSource, Inc.		1,605		35,310
Public Service Enterprise Group, Inc.		2,245		123,273
RWE AG		6,723		251,772
Sempra Energy		1,250		147,950
United Utilities Group PLC		7,540		83,290
Veolia Environnement SA		6,203		133,836
WEC Energy Group, Inc.		1,418		137,404

				2,666,042


Water Utilities – 0.0%
American Water Works Co., Inc.		821		118,946
Severn Trent PLC		2,739		86,237

				205,183

				9,260,019


Company	Shares		U.S. $ Value

Real Estate – 1.5%
Equity Real Estate Investment Trusts (REITs) – 1.0%
Alexandria Real Estate Equities, Inc.		582	$	93,120
American Tower Corp.		2,025		489,503
Apartment Investment & Management Co. - Class A		574		19,355
Ascendas Real Estate Investment Trust		35,402		84,715
AvalonBay Communities, Inc.		595		88,857
Boston Properties, Inc.		650		52,195
British Land Co. PLC (The)		9,308		40,577
CapitaLand Mall Trust		29,724		42,305
Covivio		553		38,831
Crown Castle International Corp.		1,870		311,355
Dexus		12,575		80,542
Digital Realty Trust, Inc.		1,128		165,545
Duke Realty Corp.		1,578		58,228
Equinix, Inc.		380		288,849
Equity Residential		1,530		78,535
Essex Property Trust, Inc.		328		65,859
Extra Space Storage, Inc.		583		62,375
Federal Realty Investment Trust		272		19,976
Gecina SA		528		69,604
Goodman Group		18,942		245,250
GPT Group (The)		22,423		63,080
Healthpeak Properties, Inc.		2,130		57,830
Host Hotels & Resorts, Inc.		3,170		34,204
ICADE		343		19,218
Iron Mountain, Inc.^(c)		1,198		32,094
Japan Prime Realty Investment Corp.		10		31,026
Japan Real Estate Investment Corp.		16		81,801
Japan Retail Fund Investment Corp.		31		47,958
Kimco Realty Corp.		1,860		20,944
Klepierre SA		2,231		31,229
Land Securities Group PLC		6,238		41,996
Link REIT		23,783		194,887
Mapletree Commercial Trust		24,747		35,551
Mapletree Logistics Trust		30,622		46,125
Mid-America Apartment Communities, Inc.		496		57,511
Mirvac Group		45,284		70,987
Nippon Building Fund, Inc.		15		84,900
Nippon Prologis REIT, Inc.		25		84,307
Nomura Real Estate Master Fund, Inc.		49		61,386
Orix JREIT, Inc.		1		1,539
Prologis, Inc.		3,279		329,933
Public Storage		650		144,768
Realty Income Corp.		1,508		91,611
Regency Centers Corp.		733		27,869
SBA Communications Corp.		540		171,979
Scentre Group		60,304		96,013
Segro PLC		12,623		151,697
Simon Property Group, Inc.		1,356		87,706
SL Green Realty Corp.		276		12,798
Stockland		27,447		74,980
Suntec Real Estate Investment Trust		22,651		24,286
UDR, Inc.		1,228		40,045


Company	Shares		U.S. $ Value
United Urban Investment Corp.		35	$	38,947
Ventas, Inc.		1,611		67,598
Vicinity Centres		35,201		35,152
Vornado Realty Trust		635		21,406
Welltower, Inc.		1,735		95,581
Weyerhaeuser Co.		3,298		94,059

				5,100,577


Real Estate Management & Development – 0.5%
Aeon Mall Co., Ltd.		1,178		16,559
Aroundtown SA^(a)		1,933		9,703
Azrieli Group Ltd.		489		21,832
CapitaLand Ltd.		29,564		59,109
CBRE Group, Inc. - Class A^(a)		1,415		66,463
City Developments Ltd.		5,233		29,459
CK Asset Holdings Ltd.		29,761		146,238
Daito Trust Construction Co., Ltd.		748		66,306
Daiwa House Industry Co., Ltd.		6,519		167,195
Deutsche Wohnen SE		3,934		196,618
Hang Lung Properties Ltd.		23,298		59,376
Henderson Land Development Co., Ltd.		16,719		62,080
Hongkong Land Holdings Ltd.		12,626		47,040
Hulic Co., Ltd.		3,490		32,747
Kerry Properties Ltd.		6,514		16,753
LEG Immobilien AG		795		113,318
Lendlease Corp Ltd.		1,135		9,067
Mitsubishi Estate Co., Ltd.		13,612		206,189
Mitsui Fudosan Co., Ltd.		10,709		186,354
Nomura Real Estate Holdings, Inc.		1,331		25,331
Pacific Century Premium Developments Ltd.^(a)		5,278		1,392
Sino Land Co., Ltd.		36,047		42,200
Sumitomo Realty & Development Co., Ltd.		3,562		105,446
Sun Hung Kai Properties Ltd.		15,000		193,298
Swire Pacific Ltd. - Class A		5,731		27,747
Swire Properties Ltd.		13,468		35,685
Swiss Prime Site AG		875		79,467
Tokyu Fudosan Holdings Corp.		7,006		30,264
Unibail-Rodamco-Westfield		1,593		58,750
UOL Group Ltd.		5,340		26,239
Vonovia SE		5,930		406,519
Wharf Real Estate Investment Co., Ltd.		19,931		81,698

				2,626,442

				7,727,019


Energy – 1.3%
Energy Equipment & Services – 0.0%
Baker Hughes Co. - Class A		2,900		38,541
Halliburton Co.		3,850		46,393
National Oilwell Varco, Inc.		1,675		15,176
Schlumberger NV		6,170		96,005
TechnipFMC PLC		1,788		11,282

				207,397


Oil, Gas & Consumable Fuels – 1.3%
Ampol Ltd.		2,812		48,531
Apache Corp.		1,615		15,294
BP PLC		210,663		609,233
Cabot Oil & Gas Corp.		1,790		31,074


Company	Shares		U.S. $ Value
Chevron Corp.		8,430	$	606,960
Concho Resources, Inc.		807		35,605
ConocoPhillips		4,830		158,617
Devon Energy Corp.		1,730		16,366
Diamondback Energy, Inc.		628		18,915
ENEOS Holdings, Inc.		35,325		126,035
Eni SpA		29,283		228,878
EOG Resources, Inc.		2,580		92,725
Equinor ASA		11,529		163,339
Exxon Mobil Corp.		18,850		647,120
Galp Energia SGPS SA		5,770		53,520
Hess Corp.		1,140		46,660
HollyFrontier Corp.		650		12,812
Idemitsu Kosan Co., Ltd.		1,072		22,888
Inpex Corp.		11,643		62,479
Kinder Morgan, Inc.		8,699		107,259
Koninklijke Vopak NV		810		45,642
Lundin Energy AB		2,139		42,418
Marathon Oil Corp.		3,535		14,458
Marathon Petroleum Corp.		2,851		83,648
Neste Oyj		4,921		259,138
Noble Energy, Inc.		2,110		18,040
Occidental Petroleum Corp.		3,986		39,900
Oil Search Ltd.		4,787		9,156
OMV AG^(a)		1,688		46,185
ONEOK, Inc.		1,818		47,232
Origin Energy Ltd.		20,273		62,784
Phillips 66		1,940		100,570
Pioneer Natural Resources Co.		715		61,483
Repsol SA		17,125		115,690
Royal Dutch Shell PLC - Class A		42,811		534,424
Royal Dutch Shell PLC - Class B		38,736		469,753
Santos Ltd.		20,382		72,066
Siemens Energy AG^(a)		3,979		107,286
TOTAL SE		28,454		977,183
Valero Energy Corp.		1,795		77,759
Williams Cos., Inc. (The)		5,328		104,695
Woodside Petroleum Ltd.		10,847		137,671

				6,531,491

				6,738,888


Total Common Stocks (cost $181,625,312)				268,225,872


	Principal Amount (000)

GOVERNMENTS - TREASURIES – 38.9%
United States – 38.9%
U.S. Treasury Bonds 1.25%, 05/15/2050	$	730		693,956
1.375%, 08/15/2050		905		888,173
2.00%, 02/15/2050		915		1,037,667
2.25%, 08/15/2046-08/15/2049		7,073		8,375,947
2.375%, 11/15/2049		1,045		1,279,676


Company	Principal Amount (000)		U.S. $ Value
2.50%, 02/15/2045-05/15/2046	$	598	$	737,681
2.75%, 08/15/2042-08/15/2047		1,177		1,514,502
2.875%, 05/15/2043-05/15/2049		6,862		9,042,774
3.00%, 05/15/2045-02/15/2049		4,154		5,650,468
3.125%, 11/15/2041-02/15/2043		2,825		3,829,950
3.50%, 02/15/2039		23		32,315
3.625%, 08/15/2043		3,658		5,341,252
3.75%, 08/15/2041-11/15/2043		399		589,690
3.875%, 08/15/2040		280		415,056
4.25%, 05/15/2039		240		368,588
4.375%, 11/15/2039-05/15/2041		1,258		1,973,301
4.50%, 08/15/2039		317		501,702
4.75%, 02/15/2037-02/15/2041		1,127		1,798,712
5.25%, 11/15/2028		690		948,750
5.375%, 02/15/2031		650		957,734
5.50%, 08/15/2028		1,383		1,915,023
6.00%, 02/15/2026		2,846		3,704,247
6.125%, 11/15/2027		732		1,023,428
6.25%, 08/15/2023-05/15/2030		804		1,183,878
6.875%, 08/15/2025		849		1,119,353
7.25%, 08/15/2022		775		877,688
7.625%, 02/15/2025		295		389,769
8.00%, 11/15/2021		6,198		6,739,357
U.S. Treasury Notes
0.25%, 06/30/2025-08/31/2025		6,848		6,844,115
0.375%, 04/30/2025		2,600		2,615,437
0.50%, 03/31/2025		408		412,718
0.625%, 05/15/2030-08/15/2030		3,181		3,168,809
1.25%, 08/31/2024		1,994		2,075,006
1.375%, 08/31/2023		1,651		1,709,817
1.50%, 09/30/2024-02/15/2030		9,529		10,080,626
1.625%, 08/15/2022-08/15/2029		15,079		15,827,703
1.75%, 03/31/2022-11/15/2029		15,661		16,360,317
1.875%, 11/30/2021-10/31/2022		6,713		6,916,072
2.00%, 11/15/2021-11/15/2026		28,091		29,632,867
2.125%, 11/30/2023-05/15/2025		13,005		13,950,752
2.25%, 04/30/2024-11/15/2027		8,410		9,303,658
2.375%, 08/15/2024-05/15/2029		4,221		4,778,247
2.50%, 08/15/2023-05/15/2024		5,883		6,338,314
2.625%, 02/15/2029		821		959,544
2.75%, 11/15/2023-02/15/2028		3,400		3,693,880
2.875%, 10/31/2023-05/15/2028		2,273		2,529,339
3.125%, 05/15/2021-11/15/2028		2,049		2,395,839


Total Governments - Treasuries (cost $183,863,794)				202,523,697


	Shares

INVESTMENT COMPANIES – 4.5%
Funds and Investment Trusts – 4.5%^(f)
Vanguard Global ex-U.S. Real Estate ETF^(c)		244,819		11,900,652
Vanguard Real Estate ETF^(c)		143,971		11,367,950


Total Investment Companies (cost $24,253,477)				23,268,602

Company

Shares

U.S. $ Value

SHORT-TERM INVESTMENTS – 2.7%

Investment Companies – 2.7%

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.05%^(f)(g)(h)
(cost $13,791,572)

13,791,572

Total Investments Before Security Lending Collateral for Securities Loaned – 97.6%
(cost $403,534,155)

507,809,743

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.0%

Investment Companies – 0.0%

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.05%^(f)(g)(h)
(cost $147,520)

147,520

Total Investments – 97.6%
(cost $403,681,675)⁽ⁱ⁾

507,957,263

Other assets less liabilities – 2.4%

12,368,675

Net Assets – 100.0%

520,325,938

FUTURES


Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		95		December 2020		$	10,165,245		$	80,032
10 Yr Canadian Bond Futures		74		December 2020			8,436,739			(7,186	)
10 Yr Mini Japan Government Bond Futures		68		December 2020			9,807,500			9,718
Mini MSCI EAFE Futures		7		December 2020			648,620			(17,823	)
MSCI Emerging Markets Futures		583		December 2020			31,729,775			71,668
MSCI Singapore IX ETS Futures		103		October 2020			2,133,116			(257	)
Russell 2000 E-Mini Futures		157		December 2020			11,809,540			(126,659	)
S&P Mid 400 E Mini Futures		64		December 2020			11,877,760			(115,154	)
Sold Contracts
Euro STOXX 50 Index Futures		544		December 2020			20,371,737			648,812
FTSE 100 Index Futures		39		December 2020			2,939,654			97,832
Hang Seng Index Futures		27		October 2020			4,081,329			(3,195	)
Long Gilt Futures		2		December 2020			351,259			824
S&P 500 E-Mini Futures		105		December 2020			17,598,000			(130,062	)
SPI 200 Futures		74		December 2020			7,688,011			115,636
TOPIX Index Futures		35		December 2020			5,394,443			(92,185	)
U.S. T-Note 10 Yr (CBT) Futures		72		December 2020			10,046,250			(1,068	)

									$	530,933

FORWARD CURRENCY EXCHANGE CONTRACTS


Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		CHF	8,022		USD	8,867		12/11/2020		$	139,793
Bank of America, NA		USD	2,059		CAD	2,690		12/11/2020			(38,446	)
Barclays Bank PLC		GBP	443		USD	580		12/11/2020			8,105
BNP Paribas SA		AUD	4,692		USD	3,385		12/11/2020			24,057
BNP Paribas SA		JPY	634,446		USD	5,962		12/11/2020			(59,311	)
BNP Paribas SA		USD	712		AUD	977		12/11/2020			(11,605	)
BNP Paribas SA		USD	8,779		SEK	76,985		12/11/2020			(176,372	)
Citibank, NA		EUR	4,640		USD	5,520		12/11/2020			71,191
Citibank, NA		USD	937		EUR	795		12/11/2020			(3,176	)
Credit Suisse International		CAD	6,636		USD	5,044		12/11/2020			59,588
Credit Suisse International		USD	4,424		CAD	5,873		12/11/2020			(12,207	)
Credit Suisse International		USD	2,736		SEK	23,897		12/11/2020			(65,287	)
Goldman Sachs Bank USA		CAD	3,037		USD	2,282		12/11/2020			532
JPMorgan Chase Bank, NA		EUR	7,062		USD	8,357		12/11/2020			64,472
JPMorgan Chase Bank, NA		JPY	389,182		USD	3,669		12/11/2020			(24,628	)
JPMorgan Chase Bank, NA		NZD	8,495		USD	5,651		12/11/2020			30,966
JPMorgan Chase Bank, NA		USD	570		CHF	520		12/11/2020			(3,965	)
JPMorgan Chase Bank, NA		USD	3,868		NZD	5,791		12/11/2020			(37,296	)
Morgan Stanley Capital Services, Inc.		EUR	2,579		USD	3,041		12/11/2020			12,604
Morgan Stanley Capital Services, Inc.		GBP	7,811		USD	10,109		12/11/2020			26,062
Morgan Stanley Capital Services, Inc.		USD	2,117		CAD	2,794		12/11/2020			(18,336	)
Morgan Stanley Capital Services, Inc.		USD	3,119		JPY	326,405		12/11/2020			(21,601	)
Natwest Markets PLC		EUR	2,577		USD	3,063		12/11/2020			37,729
Natwest Markets PLC		USD	1,820		NZD	2,704		12/11/2020			(31,444	)
State Street Bank & Trust Co.		NOK	3,494		USD	376		12/11/2020			1,478
State Street Bank & Trust Co.		NZD	361		USD	239		12/11/2020			692
State Street Bank & Trust Co.		USD	388		NOK	3,494		12/11/2020			(13,302	)
State Street Bank & Trust Co.		USD	241		NZD	361		12/11/2020			(1,947	)

										$	(41,654	)

CALL OPTIONS WRITTEN

Description

Counterparty

Contracts

Exercise
Price

Expiration
Month

Notional
(000)

Premiums
Received

U.S. $ Value

S&P 500 Index^(j)

Credit Suisse International

8,000

USD

3,550.00

November 2020

USD

28,400

314,905

$ (314,905)

CENTRALLY CLEARED CREDIT DEFAULT SWAPS


Description	Fixed Rate (Pay) Receive			Payment Frequency	Implied Credit Spread at September 30, 2020			Notional Amount (000)			Market Value		Upfront Premiums Paid (Received)			Unrealized Appreciation/ (Depreciation)
Sale Contracts
CDX-NAHY Series 34, 5 Year Index, 06/20/2025*		5.00	%	Quarterly		3.83	%		USD	12,227	$	611,821	$	(806,162	)	$	1,417,983

*	Termination date

(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, 2020, the aggregate market value of these securities amounted to $2,241,657 or 0.4% of net assets.

(c)

Represents entire or partial securities out on loan.

(d)

Fair valued by the Adviser.

(e)

Security in which significant unobservable inputs (Level 3) were used in determining fair value.

(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. Additionally, shareholder reports for AB funds can be obtained by calling AB at (800) 227-4618.

(g)

Affiliated investments.

(h)

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

(i)

As of September 30, 2020, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $133,498,937 and gross unrealized depreciation of investments was $(27,316,087), resulting in net unrealized appreciation of $106,182,850.

(j)

One contract relates to 100 shares.

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

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

MSCI – Morgan Stanley Capital International

REG – Registered Shares

REIT – Real Estate Investment Trust

SPI – Share Price Index

TOPIX – Tokyo Price Index

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

September 30, 2020 (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, 2020:


Investments in Securities:	Level 1			Level 2			Level 3			Total
Assets:
Common Stocks:
Information Technology	$	35,624,776		$	12,091,554		$	—		$	47,716,330
Health Care		18,439,646			20,071,442			0	^(a)		38,511,088
Financials		12,289,094			21,178,647			0	^(a)		33,467,741
Consumer Discretionary		14,721,942			17,063,126			—			31,785,068
Industrials		10,157,542			21,575,476			—			31,733,018
Consumer Staples		8,823,190			16,901,878			—			25,725,068
Communication Services		13,662,077			7,738,731			—			21,400,808
Materials		3,266,588			10,894,237			—			14,160,825
Utilities		3,870,808			5,389,211			—			9,260,019
Real Estate		3,248,151			4,478,868			—			7,727,019
Energy		2,697,517			4,041,371			—			6,738,888
Governments - Treasuries		—			202,523,697			—			202,523,697
Investment Companies		23,268,602			—			—			23,268,602
Short-Term Investments		13,791,572			—			—			13,791,572
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		147,520			—			—			147,520

Total Investments in Securities		164,009,025			343,948,238			0			507,957,263
Other Financial Instruments^(b):
Assets:
Futures		162,242			862,280			—			1,024,522
Forward Currency Exchange Contracts		—			477,269			—			477,269
Centrally Cleared Credit Default Swaps		—			611,821			—			611,821
Liabilities:
Futures		(397,952	)		(95,637	)		—			(493,589	)
Forward Currency Exchange Contracts		—			(518,923	)		—			(518,923	)
Call Options Written		—			(314,905	)		—			(314,905	)

Total	$	163,773,315		$	344,970,143		$	0		$	508,743,458

^(a)

The Portfolio held securities with zero market value at period end.

^(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, 2020 is as follows:


Fund	Market Value 12/31/2019 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 09/30/2020 (000)		Dividend Income (000)
Government Money Market Portfolio	$	12,784	$	142,219	$	141,211	$	13,792	$	60
Government Money Market Portfolio*		—		29,861		29,713		148		0	**
Total	$	12,784	$	172,080	$	170,924	$	13,940	$	60

*	Investments of cash collateral for securities lending transactions.

**	Amount less than $500.