0001752724-21-112762.txt : 20210526 0001752724-21-112762.hdr.sgml : 20210526 20210526144204 ACCESSION NUMBER: 0001752724-21-112762 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210526 PERIOD START: 20211231 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AB VARIABLE PRODUCTS SERIES FUND, INC. CENTRAL INDEX KEY: 0000825316 IRS NUMBER: 000000000 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-05398 FILM NUMBER: 21965109 BUSINESS ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 BUSINESS PHONE: 2129691000 MAIL ADDRESS: STREET 1: ALLIANCEBERNSTEIN LP STREET 2: 1345 AVENUE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10105 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANCEBERNSTEIN VARIABLE PRODUCTS SERIES FUND INC DATE OF NAME CHANGE: 19920703 0000825316 S000010431 AB International Value Portfolio C000028828 Class A C000028829 Class B NPORT-P 1 primary_doc.xml NPORT-P false 0000825316 XXXXXXXX S000010431 C000028828 C000028829 AB VARIABLE PRODUCTS SERIES FUND, INC. 811-05398 0000825316 549300O75IUIQOS5Q596 ALLIANCEBERNSTEIN LP 1345 AVENUE OF THE AMERICAS NEW YORK 10105 212-969-1000 AB International Value Portfolio S000010431 549300H4SHLQCZN4J650 2021-12-31 2021-03-31 N 350024537.48 8859133.24 341165404.24 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 377121.55000000 UST Bank of America, National Association B4TYDEB6GKMZO031MB27 PURCHASED USD / SOLD RUB 000000000 1.00000000 NC 23165.70000000 0.006790166796 N/A DFE US N 2 Bank of America, National Association B4TYDEB6GKMZO031MB27 130174000.00000000 RUB 1734843.74000000 USD 2021-05-25 23165.70000000 N N N Standard Chartered Bank RILFO74KP1CM8P6PCT96 PURCHASED USD / SOLD KRW 000000000 1.00000000 NC 15075.74000000 0.004418894709 N/A DFE US N 2 Standard Chartered Bank RILFO74KP1CM8P6PCT96 1337397000.00000000 KRW 1201074.99000000 USD 2021-04-22 15075.74000000 N N N EDP - Energias de Portugal SA 529900CLC3WDMGI9VH80 EDP - Energias de Portugal SA 000000000 1030534.00000000 NS 5886070.74000000 1.725283591726 Long EC CORP PT N 2 N N N Sankyu Inc 529900QWTXZZEM1T5G75 Sankyu Inc 000000000 36900.00000000 NS 1623571.56000000 0.475889858649 Long EC CORP JP N 2 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED KRW / SOLD USD 000000000 1.00000000 NC 886.50000000 0.000259844635 N/A DFE KR N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 448314.16000000 USD 506543000.00000000 KRW 2021-04-22 886.50000000 N N N Swedish Match AB 529900YVXCGNWAUYZG78 Swedish Match AB 000000000 64900.00000000 NS 5062922.88000000 1.484008289550 Long EC CORP SE N 2 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 PURCHASED USD / SOLD NOK 000000000 1.00000000 NC 4292.41000000 0.001258160981 N/A DFE US N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 13541000.00000000 NOK 1587467.20000000 USD 2021-04-15 4292.41000000 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 PURCHASED EUR / SOLD USD 000000000 1.00000000 NC -10947.05000000 -0.00320872218 N/A DFE XX N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 1600473.09000000 USD 1354000.00000000 EUR 2021-05-27 -10947.05000000 N N N KBC Group NV 213800X3Q9LSAKRUWY91 KBC Group NV 000000000 83500.00000000 NS 6075578.77000000 1.780830850517 Long EC CORP BE N 2 N N N Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -28905.36000000 -0.00847253550 N/A DFE JP N 2 Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 1593641.65000000 USD 173178000.00000000 JPY 2021-05-20 -28905.36000000 N N N Natwest Markets PLC RR3QWICWWIPCS8A4S074 PURCHASED GBP / SOLD USD 000000000 1.00000000 NC 37427.83000000 0.010970581874 N/A DFE GB N 2 Natwest Markets PLC RR3QWICWWIPCS8A4S074 4761520.66000000 USD 3481000.00000000 GBP 2021-04-09 37427.83000000 N N N Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 PURCHASED USD / SOLD GBP 000000000 1.00000000 NC -9180.97000000 -0.00269106125 N/A DFE US N 2 Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 646000.00000000 GBP 881402.40000000 USD 2021-04-09 -9180.97000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED CNY / SOLD USD 000000000 1.00000000 NC -54965.34000000 -0.01611105326 N/A DFE CN N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 4895649.06000000 USD 31809000.00000000 CNY 2021-04-22 -54965.34000000 N N N British American Tobacco PLC 213800FKA5MF17RJKT63 British American Tobacco PLC 000000000 164190.00000000 NS 6240933.93000000 1.829298590196 Long EC CORP GB N 2 N N N Dip Corp N/A Dip Corp 000000000 100000.00000000 NS 2630867.70000000 0.771141407453 Long EC CORP JP N 2 N N N Persimmon PLC 213800XI72Y57UWN6F31 Persimmon PLC 000000000 104050.00000000 NS 4214608.24000000 1.235356278104 Long EC CORP GB N 2 N N N Deutsche Bank Aktiengesellschaft 7LTWFZYICNSX8D621K86 PURCHASED KRW / SOLD USD 000000000 1.00000000 NC -25718.87000000 -0.00753853400 N/A DFE KR N 2 Deutsche Bank Aktiengesellschaft 7LTWFZYICNSX8D621K86 998204.08000000 USD 1096627000.00000000 KRW 2021-04-22 -25718.87000000 N N N Tesco PLC 2138002P5RNKC5W2JZ46 Tesco PLC 000000000 1161172.00000000 NS 3666082.99000000 1.074576420832 Long EC CORP GB N 2 N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 4436620.31000000 NS USD 4436620.31000000 1.300430892130 Long STIV RF US N 1 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 1043.04000000 0.000305728537 N/A DFE US N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 1519000.00000000 EUR 1784270.56000000 USD 2021-05-27 1043.04000000 N N N UT Group Co Ltd N/A UT Group Co Ltd 000000000 97000.00000000 NS 3201240.97000000 0.938325202442 Long EC CORP JP N 2 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 43825.49000000 0.012845818906 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 2462000.00000000 EUR 2934086.28000000 USD 2021-05-27 43825.49000000 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED USD / SOLD CAD 000000000 1.00000000 NC 6328.73000000 0.001855032755 N/A DFE US N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 1173000.00000000 CAD 939772.07000000 USD 2021-04-22 6328.73000000 N N N Nichirei Corp 529900MX3GPXXKO0MT06 Nichirei Corp 000000000 109100.00000000 NS 2803861.56000000 0.821848149066 Long EC CORP JP N 2 N N N BNP Paribas SA R0MUWSFPU8MPRO8K5P83 BNP Paribas SA 000000000 82220.00000000 NS 5009606.49000000 1.468380564893 Long EC CORP FR N 2 N N N Bank Hapoalim BM B6ARUI4946ST4S7WOU88 Bank Hapoalim BM 000000000 422030.00000000 NS 3282152.09000000 0.962041299970 Long EC CORP IL N 2 N N N CRH PLC 549300MIDJNNTH068E74 CRH PLC 000000000 113720.00000000 NS 5321720.41000000 1.559865198481 Long EC CORP IE N 2 N N N Sony Corp 529900R5WX9N2OI2N910 Sony Corp 000000000 48400.00000000 NS 5122337.60000000 1.501423513738 Long EC CORP JP N 2 N N N Airbus SE MINO79WLOO247M1IL051 Airbus SE 000000000 57720.00000000 NS 6546444.22000000 1.918847614277 Long EC CORP NL N 2 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -61580.08000000 -0.01804991925 N/A DFE JP N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 3584003.15000000 USD 389846000.00000000 JPY 2021-05-20 -61580.08000000 N N N UBS AG BFM8T61CT2L1QCEMIK50 PURCHASED USD / SOLD HKD 000000000 1.00000000 NC 17089.18000000 0.005009060059 N/A DFE US N 2 UBS AG BFM8T61CT2L1QCEMIK50 49706000.00000000 HKD 6411643.89000000 USD 2021-05-21 17089.18000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD GBP 000000000 1.00000000 NC -6376.07000000 -0.00186890872 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 675000.00000000 GBP 924187.05000000 USD 2021-04-09 -6376.07000000 N N N Bank Leumi Le-Israel BM 7JDSZWRGUQY2DSTWCR57 Bank Leumi Le-Israel BM 000000000 465060.00000000 NS 3063376.14000000 0.897915234642 Long EC CORP IL N 2 N N N Samsung Electronics Co Ltd 9884007ER46L6N7EI764 Samsung Electronics Co Ltd 000000000 89900.00000000 NS 6503781.62000000 1.906342653496 Long EC CORP KR N 2 N N N Northern Star Resources Ltd 254900XFXCRYYZAX6M78 Northern Star Resources Ltd 000000000 246440.00000000 NS 1785143.07000000 0.523248561493 Long EC CORP AU N 2 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD KRW 000000000 1.00000000 NC 37919.57000000 0.011114717239 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 2960739000.00000000 KRW 2663493.16000000 USD 2021-04-22 37919.57000000 N N N Orange SA 969500MCOONR8990S771 Orange SA 000000000 446320.00000000 NS 5492394.92000000 1.609892108561 Long EC CORP FR N 2 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED USD / SOLD JPY 000000000 1.00000000 NC 82935.63000000 0.024309507637 N/A DFE US N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 236345000.00000000 JPY 2218412.41000000 USD 2021-05-20 82935.63000000 N N N Faurecia SE 969500F0VMZLK2IULV85 Faurecia SE 000000000 139586.00000000 NS 7696821.54000000 2.256038110647 Long EC CORP FR N 2 N N N Pandora A/S 5299007OWYZ6I1E46843 Pandora A/S 000000000 31650.00000000 NS 3384947.71000000 0.992172027975 Long EC CORP DK N 2 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG 000000000 40980.00000000 NS 13275188.72000000 3.891129802440 Long EC CORP CH N 2 N N N Nippon Telegraph & Telephone Corp 353800VHQU5VIXVUA841 Nippon Telegraph & Telephone Corp 000000000 201400.00000000 NS 5196506.81000000 1.523163470099 Long EC CORP JP N 2 N N N NXP Semiconductors NV 724500M9BY5293JDF951 NXP Semiconductors NV 000000000 23410.00000000 NS USD 4713369.40000000 1.381549635872 Long EC CORP NL N 1 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD CHF 000000000 1.00000000 NC 46391.24000000 0.013597873472 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 788000.00000000 CHF 880801.12000000 USD 2021-05-06 46391.24000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD JPY 000000000 1.00000000 NC 7008.77000000 0.002054361290 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 52761000.00000000 JPY 483726.66000000 USD 2021-05-20 7008.77000000 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -10211.00000000 -0.00299297639 N/A DFE JP N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 749344.65000000 USD 81804000.00000000 JPY 2021-05-20 -10211.00000000 N N N Enel SpA WOCMU6HCI0OJWNPRZS33 Enel SpA 000000000 633730.00000000 NS 6303934.41000000 1.847764847096 Long EC CORP IT N 2 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 PURCHASED GBP / SOLD USD 000000000 1.00000000 NC 10246.38000000 0.003003346726 N/A DFE GB N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 2467119.45000000 USD 1797000.00000000 GBP 2021-04-09 10246.38000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -89126.47000000 -0.02612412304 N/A DFE JP N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 2186518.95000000 USD 232130000.00000000 JPY 2021-05-20 -89126.47000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD NOK 000000000 1.00000000 NC 14101.90000000 0.004133449589 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 6424000.00000000 NOK 765177.51000000 USD 2021-04-15 14101.90000000 N N N Aroundtown SA 529900H4DWG3KWMBMQ39 Aroundtown SA 000000000 670530.00000000 NS 4775417.60000000 1.399736767166 Long EC CORP LU N 2 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -33795.62000000 -0.00990593406 N/A DFE JP N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 1690530.57000000 USD 183360000.00000000 JPY 2021-05-20 -33795.62000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 PURCHASED USD / SOLD CNY 000000000 1.00000000 NC 15716.18000000 0.004606615971 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 22538000.00000000 CNY 3445542.00000000 USD 2021-04-22 15716.18000000 N N N Evonik Industries AG 41GUOJQTALQHLF39XJ34 Evonik Industries AG 000000000 131970.00000000 NS 4669750.06000000 1.368764242201 Long EC CORP DE N 2 N N N GungHo Online Entertainment Inc 529900TH7FB4RV6F5S47 GungHo Online Entertainment Inc 000000000 100200.00000000 NS 1985126.87000000 0.581866404192 Long EC CORP JP N 2 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 29164.46000000 0.008548481070 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 16101000.00000000 SEK 1872926.42000000 USD 2021-04-15 29164.46000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 PURCHASED SEK / SOLD USD 000000000 1.00000000 NC -123868.31000000 -0.03630740645 N/A DFE SE N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 2196654.79000000 USD 18101000.00000000 SEK 2021-04-15 -123868.31000000 N N N HUGO BOSS AG 529900LFVU534EBRXD13 HUGO BOSS AG 000000000 130020.00000000 NS 5109015.26000000 1.497518563284 Long EC CORP DE N 2 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED CHF / SOLD USD 000000000 1.00000000 NC -19512.71000000 -0.00571942810 N/A DFE CH N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 902631.79000000 USD 834000.00000000 CHF 2021-05-06 -19512.71000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -17971.43000000 -0.00526765896 N/A DFE JP N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 1307416.48000000 USD 142710000.00000000 JPY 2021-05-20 -17971.43000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED NZD / SOLD USD 000000000 1.00000000 NC -29757.99000000 -0.00872245240 N/A DFE NZ N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 814671.83000000 USD 1124000.00000000 NZD 2021-05-27 -29757.99000000 N N N Morinaga & Co Ltd/Japan N/A Morinaga & Co Ltd/Japan 000000000 46000.00000000 NS 1645953.45000000 0.482450280580 Long EC CORP JP N 2 N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD TWD 000000000 1.00000000 NC 52134.48000000 0.015281291523 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 48383000.00000000 TWD 1756188.75000000 USD 2021-04-27 52134.48000000 N N N Galaxy Entertainment Group Ltd 549300ZSEBV3HR826S10 Galaxy Entertainment Group Ltd 000000000 534000.00000000 NS 4827535.57000000 1.415013219395 Long EC CORP HK N 2 N N N Saab AB 549300ZHO4JCQQI13M69 Saab AB 000000000 124200.00000000 NS 3402560.95000000 0.997334696810 Long EC CORP SE N 2 N N N Agnico Eagle Mines Ltd YGE0EUBRF7IJOB3QRX76 Agnico Eagle Mines Ltd 000000000 41056.00000000 NS 2373453.01000000 0.695689826841 Long EC CORP CA N 1 N N N Standard Chartered Bank RILFO74KP1CM8P6PCT96 PURCHASED KRW / SOLD USD 000000000 1.00000000 NC -28941.81000000 -0.00848321947 N/A DFE KR N 2 Standard Chartered Bank RILFO74KP1CM8P6PCT96 1140566.31000000 USD 1253528000.00000000 KRW 2021-04-22 -28941.81000000 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 PURCHASED GBP / SOLD USD 000000000 1.00000000 NC -18633.71000000 -0.00546178181 N/A DFE GB N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 1803936.30000000 USD 1295000.00000000 GBP 2021-04-09 -18633.71000000 N N N Natwest Markets PLC RR3QWICWWIPCS8A4S074 PURCHASED USD / SOLD KRW 000000000 1.00000000 NC 153.00000000 0.000044846282 N/A DFE US N 2 Natwest Markets PLC RR3QWICWWIPCS8A4S074 672674000.00000000 KRW 596678.09000000 USD 2021-04-22 153.00000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -65321.13000000 -0.01914646948 N/A DFE JP N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 3974434.06000000 USD 432643100.00000000 JPY 2021-05-20 -65321.13000000 N N N Repsol SA BSYCX13Y0NOTV14V9N85 Repsol SA 000000000 332945.00000000 NS 4132499.68000000 1.211289195399 Long EC CORP ES N 2 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 28353.15000000 0.008310675598 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 4868900.00000000 SEK 585901.91000000 USD 2021-04-15 28353.15000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD GBP 000000000 1.00000000 NC 9342.45000000 0.002738393132 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 781000.00000000 GBP 1086038.45000000 USD 2021-04-09 9342.45000000 N N N ORIX Corp 35380016EMHNBOVYE123 ORIX Corp 000000000 203100.00000000 NS 3434986.66000000 1.006839092507 Long EC CORP JP N 2 N N N Bank of Ireland Group PLC 635400C8EK6DRI12LJ39 Bank of Ireland Group PLC 000000000 1440481.00000000 NS 7113481.08000000 2.085053464270 Long EC CORP IE N 2 N N N Salmar ASA 5967007LIEEXZXGDBK67 Salmar ASA 000000000 75900.00000000 NS 5235347.93000000 1.534548305582 Long EC CORP NO N 2 N N N Westpac Banking Corp EN5TNI6CI43VEPAMHL14 Westpac Banking Corp 000000000 99330.00000000 NS 1842466.26000000 0.540050731141 Long EC CORP AU N 2 N N N Fuji Electric Co Ltd 5299000HVNGZZTYYM906 Fuji Electric Co Ltd 000000000 127300.00000000 NS 5326335.60000000 1.561217970463 Long EC CORP JP N 2 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 261403.85000000 0.076620855090 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 12615000.00000000 EUR 15070762.05000000 USD 2021-05-27 261403.85000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 PURCHASED USD / SOLD KRW 000000000 1.00000000 NC 382797.58000000 0.112202930086 N/A DFE US N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 12495642000.00000000 KRW 11463891.74000000 USD 2021-04-22 382797.58000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 39806.07000000 0.011667674830 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 13474000.00000000 SEK 1582744.31000000 USD 2021-04-15 39806.07000000 N N N Bank of America, National Association B4TYDEB6GKMZO031MB27 PURCHASED SEK / SOLD USD 000000000 1.00000000 NC -48109.65000000 -0.01410156170 N/A DFE SE N 2 Bank of America, National Association B4TYDEB6GKMZO031MB27 1883054.16000000 USD 16024000.00000000 SEK 2021-04-15 -48109.65000000 N N N Citibank, National Association E57ODZWZ7FF32TWEFA76 PURCHASED GBP / SOLD USD 000000000 1.00000000 NC -83313.03000000 -0.02442012846 N/A DFE GB N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 3295479.07000000 USD 2330000.00000000 GBP 2021-04-09 -83313.03000000 N N N Standard Chartered Bank RILFO74KP1CM8P6PCT96 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -112621.48000000 -0.03301081487 N/A DFE JP N 2 Standard Chartered Bank RILFO74KP1CM8P6PCT96 2557769.27000000 USD 270618000.00000000 JPY 2021-05-20 -112621.48000000 N N N UBS AG BFM8T61CT2L1QCEMIK50 PURCHASED KRW / SOLD USD 000000000 1.00000000 NC 7914.91000000 0.002319962663 N/A DFE KR N 2 UBS AG BFM8T61CT2L1QCEMIK50 582398.17000000 USD 665669000.00000000 KRW 2021-04-22 7914.91000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -89407.41000000 -0.02620647020 N/A DFE JP N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 2092445.01000000 USD 221687225.00000000 JPY 2021-05-20 -89407.41000000 N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 PURCHASED USD / SOLD CAD 000000000 1.00000000 NC -43220.80000000 -0.01266857643 N/A DFE US N 2 BNP Paribas R0MUWSFPU8MPRO8K5P83 5483000.00000000 CAD 4320010.09000000 USD 2021-04-22 -43220.80000000 N N N Koninklijke Ahold Delhaize NV 724500C9GNBV20UYRX36 Koninklijke Ahold Delhaize NV 000000000 128560.00000000 NS 3585904.24000000 1.051074990439 Long EC CORP NL N 2 N N N UBS AG BFM8T61CT2L1QCEMIK50 PURCHASED MXN / SOLD USD 000000000 1.00000000 NC 16021.92000000 0.004696232326 N/A DFE MX N 2 UBS AG BFM8T61CT2L1QCEMIK50 1640950.93000000 USD 33905000.00000000 MXN 2021-04-16 16021.92000000 N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 73388.93000000 0.021511246183 N/A DFE US N 2 BNP Paribas R0MUWSFPU8MPRO8K5P83 3894000.00000000 EUR 4644743.73000000 USD 2021-05-27 73388.93000000 N N N Avast PLC 213800IR8G8LCZH4BO27 Avast PLC 000000000 626360.00000000 NS 3936843.93000000 1.153939960228 Long EC CORP GB N 2 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 11097.53000000 0.003252829818 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 2998500.00000000 SEK 354462.55000000 USD 2021-04-15 11097.53000000 N N N Ashtead Group PLC 2138007UTBN8X9K1A235 Ashtead Group PLC 000000000 65150.00000000 NS 3889167.78000000 1.139965462988 Long EC CORP GB N 2 N N N WH Group Ltd 254900A4AYEDRWYSE928 WH Group Ltd 000000000 7028500.00000000 NS 5710165.10000000 1.673723369671 Long EC CORP KY N 2 N N N Carlsberg AS 5299001O0WJQYB5GYZ19 Carlsberg AS 000000000 21230.00000000 NS 3255823.24000000 0.954323972928 Long EC CORP DK N 2 N N N Suzuki Motor Corp 353800D83H0V3ZV1SV24 Suzuki Motor Corp 000000000 118800.00000000 NS 5411257.41000000 1.586109653191 Long EC CORP JP N 2 N N Allianz SE 529900K9B0N5BT694847 Allianz SE 000000000 24680.00000000 NS 6277483.62000000 1.840011777860 Long EC CORP DE N 2 N N N AerCap Holdings NV 549300SZYINBBLJQU475 AerCap Holdings NV 000000000 91348.00000000 NS USD 5365781.52000000 1.572780080662 Long EC CORP NL N 1 N N N Mediobanca Banca di Credito Finanziario SpA PSNL19R2RXX5U3QWHI44 Mediobanca Banca di Credito Finanziario SpA 000000000 452770.00000000 NS 5017254.62000000 1.470622330882 Long EC CORP IT N 2 N N N Tosoh Corp 529900YSLFVJF2MDBX02 Tosoh Corp 000000000 376000.00000000 NS 7201317.22000000 2.110799374878 Long EC CORP JP N 2 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD NOK 000000000 1.00000000 NC 8660.14000000 0.002538399231 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 8127000.00000000 NOK 958845.62000000 USD 2021-04-15 8660.14000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD CHF 000000000 1.00000000 NC 89286.13000000 0.026170921462 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 1913000.00000000 CHF 2114953.76000000 USD 2021-05-06 89286.13000000 N N N Alstom SA 96950032TUYMW11FB530 Alstom SA 000000000 118960.00000000 NS 5927420.31000000 1.737403686403 Long EC CORP FR N 2 N N N Prysmian SpA 529900X0H1IO3RS1A464 Prysmian SpA 000000000 99910.00000000 NS 3244088.18000000 0.950884274807 Long EC CORP IT N 2 N N N Barclays Bank PLC G5GSEF7VJP5I7OUK5573 PURCHASED AUD / SOLD USD 000000000 1.00000000 NC -16596.10000000 -0.00486453192 N/A DFE AU N 2 Barclays Bank PLC G5GSEF7VJP5I7OUK5573 8218124.47000000 USD 10795000.00000000 AUD 2021-06-04 -16596.10000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED CHF / SOLD USD 000000000 1.00000000 NC -500299.84000000 -0.14664436481 N/A DFE CH N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 8208929.84000000 USD 7279876.00000000 CHF 2021-05-06 -500299.84000000 N N N Konami Holdings Corp 353800FC4A5QCMIZFV94 Konami Holdings Corp 000000000 64200.00000000 NS 3832714.13000000 1.123418166779 Long EC CORP JP N 2 N N Alliance Bernstein 5493006YWHO7MNK2U579 AB Fixed Income Shares, Inc. - Government Money Market Portfolio 018616748 6095780.35000000 NS USD 6095780.35000000 1.786752195340 Long STIV RF US N 1 N N Sanofi 549300E9PC51EN656011 Sanofi 000000000 42520.00000000 NS 4204554.22000000 1.232409314586 Long EC CORP FR N 2 N N N Nippon Shinyaku Co Ltd N/A Nippon Shinyaku Co Ltd 000000000 37200.00000000 NS 2769591.28000000 0.811803086004 Long EC CORP JP N 2 N N N ENEOS Holdings Inc 3538001KQ5SAOZSQTT44 ENEOS Holdings Inc 000000000 852200.00000000 NS 3866320.19000000 1.133268538353 Long EC CORP JP N 2 N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD KRW 000000000 1.00000000 NC 33031.34000000 0.009681913696 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 1007983000.00000000 KRW 926907.34000000 USD 2021-04-22 33031.34000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED KRW / SOLD USD 000000000 1.00000000 NC -915.54000000 -0.00026835663 N/A DFE KR N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 843362.66000000 USD 949989000.00000000 KRW 2021-04-22 -915.54000000 N N N Bank of America, National Association B4TYDEB6GKMZO031MB27 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 17022.08000000 0.004989392179 N/A DFE US N 2 Bank of America, National Association B4TYDEB6GKMZO031MB27 823000.00000000 EUR 983181.56000000 USD 2021-05-27 17022.08000000 N N N Open Text Corp 549300HP7ONDQODZJV16 Open Text Corp 000000000 68396.00000000 NS 3261150.89000000 0.955885576166 Long EC CORP CA N 1 N N SCREEN Holdings Co Ltd 353800ND89FTQ9XQ0R07 SCREEN Holdings Co Ltd 000000000 74200.00000000 NS 6569257.44000000 1.925534464619 Long EC CORP JP N 2 N N N GlaxoSmithKline PLC 5493000HZTVUYLO1D793 GlaxoSmithKline PLC 000000000 430210.00000000 NS 7615922.86000000 2.232325659445 Long EC CORP GB N 2 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 24006.34000000 0.007036569271 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 3990100.00000000 SEK 480921.72000000 USD 2021-04-15 24006.34000000 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED TWD / SOLD USD 000000000 1.00000000 NC 2748.38000000 0.000805585785 N/A DFE TW N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 998840.93000000 USD 28438000.00000000 TWD 2021-04-27 2748.38000000 N N N Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 PURCHASED RUB / SOLD USD 000000000 1.00000000 NC -32381.66000000 -0.00949148407 N/A DFE RU N 2 Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 1744059.70000000 USD 130174000.00000000 RUB 2021-05-25 -32381.66000000 N N N NN Group NV 724500OHYNDT9OY6Q215 NN Group NV 000000000 115280.00000000 NS 5623522.69000000 1.648327356792 Long EC CORP NL N 2 N N N SK Hynix Inc 988400XAIK6XISWQV045 SK Hynix Inc 000000000 52330.00000000 NS 6178168.00000000 1.810901082940 Long EC CORP KR N 2 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -3378.03000000 -0.00099014435 N/A DFE JP N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 190366.09000000 USD 20695000.00000000 JPY 2021-05-20 -3378.03000000 N N N Isracard Ltd N/A Isracard Ltd 000000000 0.92000000 NS 3.16000000 0.000000926236 Long EC CORP IL N 2 N N N Erste Group Bank AG PQOH26KWDF7CG10L6792 Erste Group Bank AG 000000000 187200.00000000 NS 6342017.23000000 1.858927415025 Long EC CORP AT N 2 N N N Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 PURCHASED USD / SOLD ILS 000000000 1.00000000 NC 50531.88000000 0.014811548701 N/A DFE US N 2 Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 13034185.00000000 ILS 3954040.17000000 USD 2021-06-23 50531.88000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -1447.42000000 -0.00042425755 N/A DFE JP N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 84798.28000000 USD 9224900.00000000 JPY 2021-05-20 -1447.42000000 N N N ConvaTec Group PLC 213800LS272L4FIDOH92 ConvaTec Group PLC 000000000 1927029.00000000 NS 5209593.77000000 1.526999427625 Long EC CORP GB N 1 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED USD / SOLD JPY 000000000 1.00000000 NC 52692.75000000 0.015444927693 N/A DFE US N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 131723000.00000000 JPY 1242865.62000000 USD 2021-05-20 52692.75000000 N N N Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 21166.09000000 0.006204055199 N/A DFE US N 2 Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 4510000.00000000 SEK 537616.40000000 USD 2021-04-15 21166.09000000 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 69364.60000000 0.020331662923 N/A DFE US N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 14977000.00000000 SEK 1784414.77000000 USD 2021-04-15 69364.60000000 N N N Standard Chartered Bank RILFO74KP1CM8P6PCT96 PURCHASED KRW / SOLD USD 000000000 1.00000000 NC 8999.57000000 0.002637890562 N/A DFE KR N 2 Standard Chartered Bank RILFO74KP1CM8P6PCT96 3175509.57000000 USD 3591025000.00000000 KRW 2021-04-22 8999.57000000 N N N Benesse Holdings Inc 549300XOPEJA8L2IV934 Benesse Holdings Inc 000000000 79000.00000000 NS 1664155.70000000 0.487785595877 Long EC CORP JP N 2 N N N Zeon Corp 529900UEFURDYZ4F4U10 Zeon Corp 000000000 202300.00000000 NS 3240714.80000000 0.949895493424 Long EC CORP JP N 2 N N N Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 PURCHASED USD / SOLD SEK 000000000 1.00000000 NC 19397.19000000 0.005685567692 N/A DFE US N 2 Goldman Sachs Bank USA KD3XUN7C6T14HNAYLU02 5235500.00000000 SEK 618926.15000000 USD 2021-04-15 19397.19000000 N N N Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 PURCHASED SEK / SOLD USD 000000000 1.00000000 NC -348109.79000000 -0.10203548943 N/A DFE SE N 2 Morgan Stanley Capital Services LLC I7331LVCZKQKX5T7XV54 7726826.13000000 USD 64436036.00000000 SEK 2021-04-15 -348109.79000000 N N N Vicinity Centres N/A Vicinity Centres 000000000 4082926.00000000 NS 5161434.93000000 1.512883447692 Long EC AU N 2 N N N Royal Dutch Shell PLC 21380068P1DRHMJ8KU70 Royal Dutch Shell PLC 000000000 292240.00000000 NS 5744571.08000000 1.683808208161 Long EC CORP GB N 2 N N Zhen Ding Technology Holding Ltd 549300H7R4K33675UP38 Zhen Ding Technology Holding Ltd 000000000 236000.00000000 NS 1002101.38000000 0.293728897345 Long EC CORP KY N 2 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED CHF / SOLD USD 000000000 1.00000000 NC -4485.05000000 -0.00131462626 N/A DFE CH N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 1132209.06000000 USD 1065000.00000000 CHF 2021-05-06 -4485.05000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED USD / SOLD EUR 000000000 1.00000000 NC 37237.09000000 0.010914673509 N/A DFE US N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 1947000.00000000 EUR 2322914.49000000 USD 2021-05-27 37237.09000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED GBP / SOLD USD 000000000 1.00000000 NC -907.49000000 -0.00026599707 N/A DFE GB N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 189915.20000000 USD 137100.00000000 GBP 2021-04-09 -907.49000000 N N N Entain PLC 213800GNI3K45LQR8L28 Entain PLC 000000000 275780.00000000 NS 5767302.94000000 1.690471210833 Long EC CORP IM N 2 N N N Credit Suisse Group AG 549300506SI9CRFV9Z86 Credit Suisse Group AG 000000000 394867.00000000 NS 4177438.85000000 1.224461448342 Long EC CORP CH N 2 N N N JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 PURCHASED GBP / SOLD USD 000000000 1.00000000 NC -3604.32000000 -0.00105647288 N/A DFE GB N 2 JPMorgan Chase Bank, National Association 7H6GLXDRUGQFU57RNE97 774110.59000000 USD 558900.00000000 GBP 2021-04-09 -3604.32000000 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 PURCHASED JPY / SOLD USD 000000000 1.00000000 NC -24898.65000000 -0.00729811689 N/A DFE JP N 2 State Street Bank and Trust Company 571474TGEMMWANRLN572 1768021.27000000 USD 192921000.00000000 JPY 2021-05-20 -24898.65000000 N N N BNP Paribas R0MUWSFPU8MPRO8K5P83 PURCHASED USD / SOLD JPY 000000000 1.00000000 NC 33700.71000000 0.009878114715 N/A DFE US N 2 BNP Paribas R0MUWSFPU8MPRO8K5P83 247930000.00000000 JPY 2273852.85000000 USD 2021-05-20 33700.71000000 N N N Stellantis NV 549300LKT9PW7ZIBDF31 Stellantis NV 000000000 475668.00000000 NS 8411863.31000000 2.465626117260 Long EC CORP NL N 1 N N N Suncorp Group Ltd 549300BVOKRTHDIWVT46 Suncorp Group Ltd 000000000 837920.00000000 NS 6312988.02000000 1.850418577482 Long EC CORP AU N 2 N N Citibank, National Association E57ODZWZ7FF32TWEFA76 PURCHASED SGD / SOLD USD 000000000 1.00000000 NC -680.19000000 -0.00019937250 N/A DFE SG N 2 Citibank, National Association E57ODZWZ7FF32TWEFA76 3157843.09000000 USD 4248000.00000000 SGD 2021-05-21 -680.19000000 N N N 2021-04-28 AB VARIABLE PRODUCTS SERIES FUND, INC. Joseph Mantineo Joseph Mantineo Treasuer and Chief Financial Officer XXXX NPORT-EX 2 NPORT_64VF_1617747745.htm HTML

AB Variable Products Series Fund, Inc.

AB International Value Portfolio

Portfolio of Investments

March 31, 2021 (unaudited)

 

Company    Shares        U.S. $ Value  

COMMON STOCKS – 98.4%

 

Financials – 18.7%

 

Banks – 11.1%

 

Bank Hapoalim BM(a)

      422,030        $ 3,282,152  

Bank Leumi Le-Israel BM

      465,060          3,063,376  

Bank of Ireland Group PLC(a)

      1,440,481          7,113,481  

BNP Paribas SA(a)

      82,220          5,009,607  

Erste Group Bank AG(a)

      187,200          6,342,017  

KBC Group NV(a)

      83,500          6,075,579  

Mediobanca Banca di Credito Finanziario SpA(a)

      452,770          5,017,255  

Westpac Banking Corp.

      99,330          1,842,466  
       

 

 

  
                 37,745,933  
       

 

 

  

Capital Markets – 1.2%

 

Credit Suisse Group AG

      394,867          4,177,439  
       

 

 

  

Consumer Finance – 0.0%

 

Isracard Ltd.

      1          3  
       

 

 

  

Diversified Financial Services – 1.0%

 

ORIX Corp.

      203,100          3,434,987  
       

 

 

  

Insurance – 5.4%

 

Allianz SE

      24,680          6,277,483  

NN Group NV

      115,280          5,623,523  

Suncorp Group Ltd.(b)

      837,920          6,312,988  
       

 

 

  
          18,213,994  
       

 

 

  
          63,572,356  
       

 

 

  

Consumer Discretionary – 15.1%

 

Auto Components – 2.2%

 

Faurecia SE(a)

      139,586          7,427,559  
       

 

 

  

Automobiles – 4.0%

 

Stellantis NV

      475,668          8,411,863  

Suzuki Motor Corp.(b)

      118,800          5,411,258  
       

 

 

  
          13,823,121  
       

 

 

  

Diversified Consumer Services – 0.6%

 

Benesse Holdings, Inc.

      92,900          1,956,963  
       

 

 

  

Hotels, Restaurants & Leisure – 3.1%

 

Entain PLC(a)

      275,780          5,767,303  

Galaxy Entertainment Group Ltd.(a)

      534,000          4,827,535  
       

 

 

  
          10,594,838  
       

 

 

  

Household Durables – 2.7%

 

Persimmon PLC

      104,050          4,214,608  

Sony Corp.

      48,400          5,122,338  
       

 

 

  
          9,336,946  
       

 

 

  

Textiles, Apparel & Luxury Goods – 2.5%

 

HUGO BOSS AG

      130,020          5,109,015  

 

1

Company    Shares        U.S. $ Value  

Pandora A/S

      31,650        $ 3,384,948  
       

 

 

  
          8,493,963  
       

 

 

  
                 51,633,390  
       

 

 

  

Industrials – 11.3%

 

Aerospace & Defense – 2.9%

 

Airbus SE(a)

      57,720          6,546,444  

Saab AB—Class B(a)

      124,200          3,402,561  
       

 

 

  
          9,949,005  
       

 

 

  

Electrical Equipment – 2.5%

 

Fuji Electric Co., Ltd.

      127,300          5,326,336  

Prysmian SpA

      99,910          3,244,088  
       

 

 

  
          8,570,424  
       

 

 

  

Machinery – 1.7%

 

Alstom SA(a)

      118,960          5,927,420  
       

 

 

  

Professional Services – 1.0%

 

UT Group Co., Ltd.(a) (b)

      97,000          3,201,241  
       

 

 

  

Road & Rail – 0.5%

 

Sankyu, Inc.

      36,900          1,623,572  
       

 

 

  

Trading Companies & Distributors – 2.7%

 

AerCap Holdings NV(a)

      91,348          5,365,781  

Ashtead Group PLC

      65,150          3,889,168  
       

 

 

  
          9,254,949  
       

 

 

  
          38,526,611  
       

 

 

  

Consumer Staples – 10.9%

 

Beverages – 1.0%

 

Carlsberg AS - Class B

      21,230          3,255,823  
       

 

 

  

Food & Staples Retailing – 2.1%

 

Koninklijke Ahold Delhaize NV

      128,560          3,585,904  

Tesco PLC(b)

      1,161,172          3,666,083  
       

 

 

  
          7,251,987  
       

 

 

  

Food Products – 4.5%

 

Morinaga & Co., Ltd./Japan(b)

      46,000          1,645,953  

Nichirei Corp.

      109,100          2,803,862  

Salmar ASA

      75,900          5,235,348  

WH Group Ltd.(c)

      7,028,500          5,710,165  
       

 

 

  
          15,395,328  
       

 

 

  

Tobacco – 3.3%

 

British American Tobacco PLC

      164,190          6,240,934  

Swedish Match AB

      64,900          5,062,923  
       

 

 

  
          11,303,857  
       

 

 

  
          37,206,995  
       

 

 

  

 

2

Company    Shares        U.S. $ Value  

Health Care – 9.7%

 

Health Care Equipment & Supplies – 1.5%

 

ConvaTec Group PLC(c)

      1,927,029        $ 5,209,594  
       

 

 

  

Pharmaceuticals – 8.2%

 

GlaxoSmithKline PLC

      430,210          7,615,923  

Nippon Shinyaku Co., Ltd.

      37,200          2,769,591  

Roche Holding AG

      40,980          13,275,189  

Sanofi

      42,520          4,204,554  
       

 

 

  
          27,865,257  
       

 

 

  
                 33,074,851  
       

 

 

  

Information Technology – 9.4%

 

Electronic Equipment, Instruments & Components – 0.3%

 

Zhen Ding Technology Holding Ltd.

      236,000          1,002,101  
       

 

 

  

Semiconductors & Semiconductor Equipment – 5.1%

 

NXP Semiconductors NV

      23,410          4,713,369  

SCREEN Holdings Co., Ltd.

      74,200          6,569,258  

SK Hynix, Inc.

      52,330          6,178,168  
       

 

 

  
          17,460,795  
       

 

 

  

Software – 2.1%

 

Avast PLC(c)

      626,360          3,936,844  

Open Text Corp.(b)

      68,396          3,261,151  
       

 

 

  
          7,197,995  
       

 

 

  

Technology Hardware, Storage & Peripherals – 1.9%

 

Samsung Electronics Co., Ltd.

      89,900          6,503,782  
       

 

 

  
          32,164,673  
       

 

 

  

Materials – 7.2%

 

Chemicals – 4.4%

 

Evonik Industries AG

      131,970          4,669,750  

Tosoh Corp.

      376,000          7,201,317  

Zeon Corp.

      202,300          3,240,715  
       

 

 

  
          15,111,782  
       

 

 

  

Construction Materials – 1.6%

 

CRH PLC

      113,720          5,321,721  
       

 

 

  

Metals & Mining – 1.2%

 

Agnico Eagle Mines Ltd.

      41,056          2,373,453  

Northern Star Resources Ltd.(b)

      246,440          1,785,143  
       

 

 

  
          4,158,596  
       

 

 

  
          24,592,099  
       

 

 

  

Communication Services – 5.6%

 

Diversified Telecommunication Services – 3.1%

 

Nippon Telegraph & Telephone Corp.

      201,400          5,196,507  

Orange SA

      446,320          5,492,395  
       

 

 

  
          10,688,902  
       

 

 

  

Entertainment – 1.7%

 

GungHo Online Entertainment, Inc.

      100,200          1,985,127  

 

3

Company    Shares        U.S. $ Value  

Konami Holdings Corp.(b)

      64,200        $ 3,832,714  
       

 

 

  
          5,817,841  
       

 

 

  

Interactive Media & Services – 0.8%

 

Dip Corp.

      100,000          2,630,867  
       

 

 

  
                 19,137,610  
       

 

 

  

Energy – 4.0%

 

Oil, Gas & Consumable Fuels – 4.0%

 

ENEOS Holdings, Inc.(b)

      852,200          3,866,320  

Repsol SA

      332,945          4,132,500  

Royal Dutch Shell PLC (Euronext Amsterdam) - Class A(b)

      292,240          5,744,571  
       

 

 

  
          13,743,391  
       

 

 

  

Utilities – 3.6%

 

Electric Utilities – 3.6%

 

EDP - Energias de Portugal SA

      1,030,534          5,886,071  

Enel SpA

      633,730          6,303,934  
       

 

 

  
          12,190,005  
       

 

 

  

Real Estate – 2.9%

 

Equity Real Estate Investment Trusts (REITs) – 1.5%

 

Vicinity Centres

      4,082,926          5,161,435  
       

 

 

  

Real Estate Management & Development – 1.4%

 

Aroundtown SA

      670,530          4,775,418  
       

 

 

  
          9,936,853  
       

 

 

  

Total Common Stocks
(cost $284,445,805)

           335,778,834  
       

 

 

  

SHORT-TERM INVESTMENTS – 1.3%

 

Investment Companies – 1.3%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(d) (e) (f)
(cost $4,436,620)

      4,436,620          4,436,620  
       

 

 

  

Total Investments Before Security Lending Collateral for Securities Loaned – 99.7%
(cost $288,882,425)

 

        340,215,454  
       

 

 

  

INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 1.8%

 

Investment Companies – 1.8%

 

AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(d) (e) (f)
(cost $6,095,780)

      6,095,780          6,095,780  
       

 

 

  

Total Investments – 101.5%
(cost $294,978,205)(g)

           346,311,234  

Other assets less liabilities – (1.5)%

           (5,285,025 ) 
       

 

 

  

Net Assets – 100.0%

         $     341,026,209  
       

 

 

  

 

4

FORWARD CURRENCY EXCHANGE CONTRACTS

 

Counterparty    Contracts to
Deliver
(000)		      In Exchange
For
(000)		        Settlement
Date		        Unrealized
Appreciation/
(Depreciation)		  
Bank of America, NA      USD        1,883        SEK        16,024          04/15/2021        $ (48,110 ) 
Bank of America, NA      RUB        130,174        USD        1,735          05/25/2021          23,166  
Bank of America, NA      EUR        823        USD        983          05/27/2021          17,022  
Barclays Bank PLC      USD        2,467        GBP        1,797          04/09/2021          10,246  
Barclays Bank PLC      USD        1,804        GBP        1,295          04/09/2021          (18,634 ) 
Barclays Bank PLC      NOK        13,541        USD        1,587          04/15/2021          4,292  
Barclays Bank PLC      EUR        1,519        USD        1,784          05/27/2021          1,043  
Barclays Bank PLC      USD        1,600        EUR        1,354          05/27/2021          (10,947 ) 
Barclays Bank PLC      USD        8,218        AUD        10,795          06/04/2021          (16,596 ) 
BNP Paribas SA      CAD        5,483        USD        4,320          04/22/2021          (43,221 ) 
BNP Paribas SA      JPY        247,930        USD        2,274          05/20/2021          33,701  
BNP Paribas SA      EUR        3,894        USD        4,645          05/27/2021          73,389  
Citibank, NA      USD        3,295        GBP        2,330          04/09/2021          (83,313 ) 
Citibank, NA      USD        2,197        SEK        18,101          04/15/2021              (123,868 ) 
Citibank, NA      CNY        22,538        USD        3,446          04/22/2021          15,716  
Citibank, NA      KRW        12,495,642        USD        11,464          04/22/2021          382,798  
Citibank, NA      USD        3,158        SGD        4,248          05/21/2021          (680 ) 
Deutsche Bank AG      USD        998        KRW        1,096,627          04/22/2021          (25,719 ) 
Goldman Sachs Bank USA      GBP        646        USD        881          04/09/2021          (9,181 ) 
Goldman Sachs Bank USA      SEK        9,746        USD        1,157          04/15/2021          40,563  
Goldman Sachs Bank USA      USD        1,594        JPY        173,178          05/20/2021          (28,905 ) 
Goldman Sachs Bank USA      USD        1,744        RUB        130,174          05/25/2021          (32,382 ) 
Goldman Sachs Bank USA      ILS        13,034        USD        3,954          06/23/2021          50,532  
JPMorgan Chase Bank, NA      USD        774        GBP        559          04/09/2021          (3,604 ) 
JPMorgan Chase Bank, NA      SEK        14,977        USD        1,784          04/15/2021          69,365  
JPMorgan Chase Bank, NA      CAD        1,173        USD        940          04/22/2021          6,329  
JPMorgan Chase Bank, NA      USD        999        TWD        28,438          04/27/2021          2,748  
JPMorgan Chase Bank, NA      USD        1,132        CHF        1,065          05/06/2021          (4,485 ) 
JPMorgan Chase Bank, NA      JPY        236,345        USD        2,218          05/20/2021          82,936  
JPMorgan Chase Bank, NA      USD        749        JPY        81,804          05/20/2021          (10,211 ) 
Morgan Stanley Capital Services, Inc.      GBP        675        USD        924          04/09/2021          (6,376 ) 
Morgan Stanley Capital Services, Inc.      NOK        6,424        USD        765          04/15/2021          14,102  
Morgan Stanley Capital Services, Inc.      SEK        29,575        USD        3,456          04/15/2021          68,970  
Morgan Stanley Capital Services, Inc.      USD        7,727        SEK        64,436          04/15/2021          (348,110 ) 
Morgan Stanley Capital Services, Inc.      KRW        1,007,983        USD        927          04/22/2021          33,031  
Morgan Stanley Capital Services, Inc.      USD        4,896        CNY        31,809          04/22/2021          (54,965 ) 
Morgan Stanley Capital Services, Inc.      USD        448        KRW        506,543          04/22/2021          887  
Morgan Stanley Capital Services, Inc.      TWD        48,383        USD        1,756          04/27/2021          52,134  
Morgan Stanley Capital Services, Inc.      CHF        1,913        USD        2,115          05/06/2021          89,286  
Morgan Stanley Capital Services, Inc.      USD        903        CHF        834          05/06/2021          (19,513 ) 
Morgan Stanley Capital Services, Inc.      JPY        131,723        USD        1,243          05/20/2021          52,693  

 

5

Counterparty    Contracts to
Deliver
(000)		      In Exchange
For
(000)		        Settlement
Date		        Unrealized
Appreciation/
(Depreciation)		  
Morgan Stanley Capital Services, Inc.      JPY        75,023        USD        678          05/20/2021        $ (94 ) 
Morgan Stanley Capital Services, Inc.      USD        13,528        JPY        1,459,666          05/20/2021          (339,230 ) 
Morgan Stanley Capital Services, Inc.      USD        815        NZD        1,124          05/27/2021          (29,758 ) 
Natwest Markets PLC      USD        4,762        GBP        3,481          04/09/2021          37,428  
Natwest Markets PLC      KRW        672,674        USD        597          04/22/2021          153  
Standard Chartered Bank      KRW        1,337,397        USD        1,201          04/22/2021          15,076  
Standard Chartered Bank      USD        3,176        KRW        3,591,025          04/22/2021          9,000  
Standard Chartered Bank      USD        1,141        KRW        1,253,528          04/22/2021          (28,942 ) 
Standard Chartered Bank      USD        2,558        JPY        270,618          05/20/2021          (112,622 ) 
State Street Bank & Trust Co.      GBP        781        USD        1,086          04/09/2021          9,342  
State Street Bank & Trust Co.      USD        190        GBP        137          04/09/2021          (907 ) 
State Street Bank & Trust Co.      NOK        8,127        USD        959          04/15/2021          8,660  
State Street Bank & Trust Co.      SEK        11,858        USD        1,421          04/15/2021          63,457  
State Street Bank & Trust Co.      KRW        2,960,739        USD        2,663          04/22/2021          37,920  
State Street Bank & Trust Co.      USD        843        KRW        949,989          04/22/2021          (916 ) 
State Street Bank & Trust Co.      CHF        788        USD        881          05/06/2021          46,391  
State Street Bank & Trust Co.      USD        8,209        CHF        7,280          05/06/2021          (500,300 ) 
State Street Bank & Trust Co.      JPY        52,761        USD        484          05/20/2021          7,009  
State Street Bank & Trust Co.      JPY        60,078        USD        542          05/20/2021          (368 ) 
State Street Bank & Trust Co.      USD        3,351        JPY        365,551          05/20/2021          (47,695 ) 
State Street Bank & Trust Co.      EUR        17,024        USD        20,328          05/27/2021          342,465  
UBS AG      USD        1,641        MXN        33,905          04/16/2021          16,022  
UBS AG      USD        582        KRW        665,669          04/22/2021          7,915  
UBS AG      HKD        49,706        USD        6,412          05/21/2021          17,089  
                     

 

 

  
                      $     (206,776 ) 
                     

 

 

  

 

(a)

Non-income producing security.

(b)

Represents entire or partial securities out on loan.

(c)

Security is exempt from registration under Rule 144A of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration, normally to qualified institutional buyers. At March 31, 2021, the aggregate market value of these securities amounted to $14,856,603 or 4.4% of net assets.

(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 March 31, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $63,061,537 and gross unrealized depreciation of investments was $(11,935,284), resulting in net unrealized appreciation of $51,126,253.

 

  

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.

 

6

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

CNY – Chinese Yuan Renminbi

EUR – Euro

GBP – Great British Pound

HKD – Hong Kong Dollar

ILS – Israeli Shekel

JPY – Japanese Yen

KRW – South Korean Won

MXN – Mexican Peso

NOK – Norwegian Krone

NZD – New Zealand Dollar

RUB – Russian Ruble

SEK – Swedish Krona

SGD – Singapore Dollar

TWD – New Taiwan Dollar

USD – United States Dollar

Glossary:

REIT – Real Estate Investment Trust

 

COUNTRY BREAKDOWN1

March 31, 2021 (unaudited)

    19.9 %       Japan
    13.5 %       United Kingdom
    10.2 %       France
    6.6 %       Netherlands
    6.1 %       Germany
    5.2 %       Ireland
    5.1 %       Switzerland
    4.4 %       Australia
    4.3 %       Italy
    3.7 %       South Korea
    2.5 %       Sweden
    2.0 %       Denmark
    2.0 %       Israel
    13.2 %       Other
    1.3 %       Short-Term
 

 

 

       
    100.0 %       Total Investments
 

 

 

       

 

1

All data are as of March 31, 2021. The Portfolio’s country breakdown is expressed as a percentage of total investments and may vary over time. “Other” country weightings represent 1.9% or less in the following: Austria, Belgium, Canada, Hong Kong, Macau, Norway, Portugal, Spain, and Taiwan.

 

7

AB Variable Products Series Fund, Inc.

AB International Value Portfolio

March 31, 2021 (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.

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 March 31, 2021:

 

Investments in Securities:

    Level 1      Level 2      Level 3      Total  
Assets:

 

Common Stocks:

            

Financials

    $ —      $     63,572,356      $                 —      $     63,572,356  

Consumer Discretionary

          8,411,863        43,221,527        —        51,633,390  

Industrials

      5,365,781        33,160,830        —        38,526,611  

 

8

Investments in Securities:

    Level 1      Level 2     Level 3      Total  

Consumer Staples

    $ —      $ 37,206,995     $                 —      $ 37,206,995  

Health Care

      5,209,594        27,865,257       —        33,074,851  

Information Technology

      7,974,520        24,190,153       —        32,164,673  

Materials

      2,373,453        22,218,646       —        24,592,099  

Communication Services

      —        19,137,610       —        19,137,610  

Energy

      —        13,743,391       —        13,743,391  

Utilities

      —        12,190,005       —        12,190,005  

Real Estate

      —        9,936,853       —        9,936,853  
Short-Term Investments      4,436,620        —       —        4,436,620  
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund      6,095,780        —       —        6,095,780  
  

 

 

     

 

 

    

 

 

     

 

 

  
Total Investments in Securities      39,867,611        306,443,623 (a)      —        346,311,234  
Other Financial Instruments(b):           
Assets:

 

Forward Currency Exchange Contracts      —        1,742,876       —        1,742,876  
Liabilities:

 

Forward Currency Exchange Contracts      —        (1,949,652 )      —        (1,949,652 ) 
  

 

 

     

 

 

    

 

 

     

 

 

  
Total    $     39,867,611      $     306,236,847     $ —      $     346,104,458  
  

 

 

     

 

 

    

 

 

     

 

 

  

 

(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 three months ended March 31, 2021 is as follows:

 

Portfolio    Market Value
12/31/2020
(000)		      Purchases
at Cost
(000)		      Sales
Proceeds
(000)		      Market Value
03/31/2021
(000)		      Dividend
Income
(000)		  
Government Money Market Portfolio    $ 318      $ 28,557      $ 24,438      $ 4,437      $ 0 ** 
Government Money Market Portfolio*      5,169        20,311        19,384        6,096        0 ** 
Total    $   5,487      $   48,868      $   43,822      $   10,533      $   0 ** 

 

*

Investments of cash collateral for securities lending transactions.

**

Amount less than $500.

 

9