AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

September 30, 2021 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 70.9%
Information Technology – 14.2%
Communications Equipment – 0.4%
Arista Networks, Inc.(a)		185	$	63,573
Cisco Systems, Inc./Delaware		14,250		775,628
F5 Networks, Inc.(a)		200		39,756
Juniper Networks, Inc.		1,100		30,272
Motorola Solutions, Inc.		575		133,584
Nokia Oyj(a)		29,732		163,981
Telefonaktiebolaget LM Ericsson - Class B(b)		16,095		181,663
				1,388,457
Electronic Equipment, Instruments & Components – 0.9%
Amphenol Corp. - Class A		2,020		147,925
Azbil Corp.		599		25,790
CDW Corp./DE		472		85,914
Corning, Inc.		2,615		95,421
Halma PLC		2,093		79,834
Hamamatsu Photonics KK		749		46,332
Hexagon AB		10,864		168,044
Hirose Electric Co., Ltd.		189		31,409
Ibiden Co., Ltd.		541		29,758
IPG Photonics Corp.(a)		113		17,899
Keyence Corp.		1,124		670,883
Keysight Technologies, Inc.(a)		618		101,531
Kyocera Corp.		1,759		109,958
Murata Manufacturing Co., Ltd.		3,117		275,706
Omron Corp.		1,053		104,197
Shimadzu Corp.		1,278		56,125
TDK Corp.		2,262		81,574
TE Connectivity Ltd.		1,110		152,314
Teledyne Technologies, Inc.(a)		155		66,585
Trimble, Inc.(a)		845		69,501
Venture Corp., Ltd.		1,462		19,216
Yaskawa Electric Corp.		1,238		59,447
Yokogawa Electric Corp.		1,234		21,523
Zebra Technologies Corp. - Class A(a)		182		93,807
				2,610,693
IT Services – 2.6%
Accenture PLC - Class A		2,145		686,228
Adyen NV(a) (c)		109		304,694
Afterpay Ltd.(a)		1,197		103,989
Akamai Technologies, Inc.(a)		545		57,002
Amadeus IT Group SA - Class A(a)		2,484		163,377
Atos SE		546		29,005
Automatic Data Processing, Inc.		1,440		287,885
Bechtle AG		453		30,983
Broadridge Financial Solutions, Inc.		389		64,823
Capgemini SE		884		183,321
Cognizant Technology Solutions Corp. - Class A		1,780		132,094
Computershare Ltd.		2,989		38,651
DXC Technology Co.(a)		858		28,837
Edenred		1,359		73,158
Fidelity National Information Services, Inc.		2,089		254,190

1

Company	Shares		U.S. $ Value
Fiserv, Inc.(a)		2,008	$	217,868
FleetCor Technologies, Inc.(a)		281		73,417
Fujitsu Ltd.		1,151		207,998
Gartner, Inc.(a)		290		88,125
Global Payments, Inc.		997		157,107
GMO Payment Gateway, Inc.		264		33,333
International Business Machines Corp.		3,018		419,291
Itochu Techno-Solutions Corp.		455		14,776
Jack Henry & Associates, Inc.		247		40,523
Mastercard, Inc. - Class A		2,960		1,029,133
NEC Corp.		1,309		70,936
Nexi SpA(a) (c)		2,423		45,183
Nomura Research Institute Ltd.		1,854		68,147
NTT Data Corp.		3,422		66,162
Obic Co., Ltd.		421		80,056
Otsuka Corp.		630		32,396
Paychex, Inc.		1,075		120,884
PayPal Holdings, Inc.(a)		3,975		1,034,335
SCSK Corp.		792		16,751
TIS, Inc.		1,194		32,589
VeriSign, Inc.(a)		335		68,678
Visa, Inc. - Class A		5,720		1,274,130
Western Union Co. (The) - Class W		1,380		27,904
Wix.com Ltd.(a)		307		60,163
Worldline SA/France(a) (c)		1,310		99,856
				7,817,978
Semiconductors & Semiconductor Equipment – 3.3%
Advanced Micro Devices, Inc.(a)		4,103		422,199
Advantest Corp.		1,077		95,971
Analog Devices, Inc.		1,813		303,641
Applied Materials, Inc.		3,095		398,419
ASM International NV		261		102,212
ASML Holding NV		2,314		1,728,693
Broadcom, Inc.		1,379		668,719
Disco Corp.		156		43,694
Enphase Energy, Inc.(a)		453		67,936
Infineon Technologies AG		7,201		294,508
Intel Corp.		13,650		727,272
KLA Corp.		520		173,945
Lam Research Corp.		489		278,314
Lasertec Corp.		471		107,227
Microchip Technology, Inc.		925		141,978
Micron Technology, Inc.		3,790		269,014
Monolithic Power Systems, Inc.		149		72,217
NVIDIA Corp.		8,430		1,746,359
NXP Semiconductors NV		934		182,943
Qorvo, Inc.(a)		378		63,198
QUALCOMM, Inc.		3,814		491,930
Renesas Electronics Corp.(a)		6,817		83,899
Rohm Co., Ltd.		479		45,171
Skyworks Solutions, Inc.		554		91,288
STMicroelectronics NV		3,765		164,386
SUMCO Corp.		1,434		28,609
Teradyne, Inc.		560		61,135
Texas Instruments, Inc.		3,115		598,734
Tokyo Electron Ltd.		830		366,676

2

Company	Shares		U.S. $ Value
Xilinx, Inc.		825	$	124,567
				9,944,854
Software – 4.3%
Adobe, Inc.(a)		1,620		932,666
ANSYS, Inc.(a)		292		99,411
Autodesk, Inc.(a)		745		212,452
AVEVA Group PLC		634		30,642
Cadence Design Systems, Inc.(a)		934		141,445
Ceridian HCM Holding, Inc.(a)		456		51,355
Check Point Software Technologies Ltd.(a)		619		69,972
Citrix Systems, Inc.		410		44,022
CyberArk Software Ltd.(a)		214		33,773
Dassault Systemes SE		3,643		191,715
Fortinet, Inc.(a)		459		134,046
Intuit, Inc.		930		501,744
Microsoft Corp.		25,473		7,181,348
Nemetschek SE		318		33,215
Nice Ltd.(a)		346		97,974
NortonLifeLock, Inc.		1,955		49,461
Oracle Corp.		5,564		484,791
Oracle Corp. Japan		242		21,259
Paycom Software, Inc.(a)		164		81,303
PTC, Inc.(a)		349		41,807
Sage Group PLC (The)		6,045		57,558
salesforce.com, Inc.(a)		3,263		884,991
SAP SE		5,759		778,785
ServiceNow, Inc.(a)		669		416,299
Sinch AB(a) (c)		2,789		54,084
Synopsys, Inc.(a)		512		153,298
TeamViewer AG(a) (c)		887		25,950
Temenos AG		368		49,933
Trend Micro, Inc./Japan		689		38,369
Tyler Technologies, Inc.(a)		139		63,752
WiseTech Global Ltd.		806		30,566
Xero Ltd.(a)		728		71,438
				13,059,424
Technology Hardware, Storage & Peripherals – 2.7%
Apple, Inc.		53,050		7,506,575
Brother Industries Ltd.		1,285		28,277
Canon, Inc.		5,511		134,843
FUJIFILM Holdings Corp.		2,009		173,477
Hewlett Packard Enterprise Co.		4,410		62,842
HP, Inc.		4,060		111,082
Logitech International SA		955		84,964
NetApp, Inc.		750		67,320
Ricoh Co., Ltd.		3,672		37,573
Seagate Technology Holdings PLC		670		55,288
Seiko Epson Corp.(b)		1,492		30,123

3

Company	Shares		U.S. $ Value
Western Digital Corp.(a)		1,033	$	58,303
				8,350,667
				43,172,073
Financials – 9.8%
Banks – 4.4%
ABN AMRO Bank NV (GDR)(a) (c)		2,332		33,645
Australia & New Zealand Banking Group Ltd.		15,691		315,115
Banco Bilbao Vizcaya Argentaria SA(b)		36,770		242,704
Banco Santander SA		95,625		346,388
Bank Hapoalim BM		6,261		54,994
Bank Leumi Le-Israel BM		8,012		67,886
Bank of America Corp.		25,496		1,082,305
Banque Cantonale Vaudoise		166		12,621
Barclays PLC		95,736		243,263
BNP Paribas SA		6,202		396,808
BOC Hong Kong Holdings Ltd.		20,031		60,362
CaixaBank SA		24,514		76,018
Chiba Bank Ltd. (The)		2,914		18,883
Citigroup, Inc.		6,989		490,488
Citizens Financial Group, Inc.		1,439		67,604
Comerica, Inc.		470		37,835
Commerzbank AG(a)		5,524		36,589
Commonwealth Bank of Australia		9,783		726,000
Concordia Financial Group Ltd.		5,921		23,308
Credit Agricole SA		6,433		88,424
Danske Bank A/S		3,803		64,066
DBS Group Holdings Ltd.		9,175		203,305
DNB Bank ASA		5,129		116,606
Erste Group Bank AG		1,540		67,620
Fifth Third Bancorp		2,380		101,007
FinecoBank Banca Fineco SpA(a)		3,361		60,706
First Republic Bank/CA		593		114,378
Hang Seng Bank Ltd.		4,005		68,601
HSBC Holdings PLC		112,324		587,306
Huntington Bancshares, Inc./OH		4,985		77,068
ING Groep NV(b)		21,510		312,723
Intesa Sanpaolo SpA		91,077		257,838
Israel Discount Bank Ltd. - Class A(a)		6,418		33,880
Japan Post Bank Co., Ltd.		2,218		19,025
JPMorgan Chase & Co.		10,235		1,675,367
KBC Group NV		1,379		124,392
KeyCorp		3,275		70,806
Lloyds Banking Group PLC		390,754		243,213
M&T Bank Corp.		435		64,963
Mediobanca Banca di Credito Finanziario SpA(a)		3,424		41,194
Mitsubishi UFJ Financial Group, Inc.		67,387		398,347
Mizrahi Tefahot Bank Ltd.		773		26,035
Mizuho Financial Group, Inc.		13,254		187,506
National Australia Bank Ltd.		18,182		358,568
Natwest Group PLC		26,853		80,958
Nordea Bank Abp(b)		17,866		230,226
Oversea-Chinese Banking Corp., Ltd.		18,327		154,327
People’s United Financial, Inc.		1,445		25,244
PNC Financial Services Group, Inc. (The)		1,430		279,765
Raiffeisen Bank International AG		816		21,342
Regions Financial Corp.		3,245		69,151

4

Company	Shares		U.S. $ Value
Resona Holdings, Inc.		11,722	$	46,888
Shizuoka Bank Ltd. (The)		2,394		19,670
Skandinaviska Enskilda Banken AB - Class A		8,974		126,474
Societe Generale SA		4,470		139,977
Standard Chartered PLC		14,794		86,482
Sumitomo Mitsui Financial Group, Inc.		7,133		250,934
Sumitomo Mitsui Trust Holdings, Inc.		1,817		62,578
SVB Financial Group(a)		196		126,789
Svenska Handelsbanken AB - Class A		8,043		90,077
Swedbank AB - Class A		4,993		100,682
Truist Financial Corp.		4,548		266,740
UniCredit SpA		11,720		155,099
United Overseas Bank Ltd.		5,692		107,679
US Bancorp		4,575		271,938
Wells Fargo & Co.		13,978		648,719
Westpac Banking Corp.		20,230		374,123
Zions Bancorp NA		550		34,040
				13,465,662
Capital Markets – 2.1%
3i Group PLC		5,366		92,170
Abrdn PLC		12,034		41,156
Ameriprise Financial, Inc.		395		104,327
Amundi SA(c)		335		28,176
ASX Ltd.		1,067		61,604
Bank of New York Mellon Corp. (The)		2,725		141,264
BlackRock, Inc. - Class A		483		405,073
Cboe Global Markets, Inc.		356		44,094
Charles Schwab Corp. (The)		5,072		369,444
CME Group, Inc. - Class A		1,210		233,990
Credit Suisse Group AG		13,498		133,310
Daiwa Securities Group, Inc.		7,963		46,414
Deutsche Bank AG(a)		11,397		144,830
Deutsche Boerse AG		1,048		170,055
EQT AB		1,313		54,521
Franklin Resources, Inc.		920		27,342
Futu Holdings Ltd. (ADR)(a) (b)		276		25,122
Goldman Sachs Group, Inc. (The)		1,148		433,978
Hargreaves Lansdown PLC		1,961		37,652
Hong Kong Exchanges & Clearing Ltd.		6,790		417,249
Intercontinental Exchange, Inc.		1,900		218,158
Invesco Ltd.		1,270		30,620
Japan Exchange Group, Inc.		2,788		69,142
Julius Baer Group Ltd.		1,234		81,987
London Stock Exchange Group PLC		1,791		179,473
Macquarie Group Ltd.		1,896		244,956
Magellan Financial Group Ltd.		760		19,077
MarketAxess Holdings, Inc.		130		54,690
Moody’s Corp.		545		193,535
Morgan Stanley		5,031		489,567
MSCI, Inc. - Class A		277		168,510
Nasdaq, Inc.		390		75,278
Nomura Holdings, Inc.		16,921		83,419
Northern Trust Corp.		700		75,467
Partners Group Holding AG		126		196,640
Raymond James Financial, Inc.		614		56,614
S&P Global, Inc.		820		348,410
SBI Holdings, Inc./Japan		1,295		31,718
Schroders PLC		685		32,989

5

Company	Shares		U.S. $ Value
Singapore Exchange Ltd.		3,635	$	26,611
St. James’s Place PLC		2,967		59,851
State Street Corp.		1,175		99,546
T. Rowe Price Group, Inc.		765		150,476
UBS Group AG		20,216		322,680
				6,321,185
Consumer Finance – 0.3%
Acom Co., Ltd.(b)		2,174		7,944
American Express Co.		2,200		368,566
Capital One Financial Corp.		1,523		246,680
Discover Financial Services		1,030		126,536
Synchrony Financial		1,828		89,353
				839,079
Diversified Financial Services – 0.8%
Berkshire Hathaway, Inc. - Class B(a)		6,261		1,708,877
EXOR NV		598		50,183
Groupe Bruxelles Lambert SA		623		68,527
IHS Markit Ltd.		1,261		147,058
Industrivarden AB		589		18,817
Industrivarden AB - Class C		880		27,188
Investor AB		10,047		216,054
Kinnevik AB(a)		1,334		46,896
L E Lundbergforetagen AB - Class B		419		22,994
M&G PLC		14,337		39,172
Mitsubishi HC Capital, Inc.		3,623		18,944
ORIX Corp.		6,731		125,947
Sofina SA		85		33,774
Tokyo Century Corp.		140		7,882
Wendel SE		148		20,450
				2,552,763
Insurance – 2.2%
Admiral Group PLC		1,063		44,416
Aegon NV		9,867		50,932
Aflac, Inc.		2,130		111,037
Ageas SA/NV		965		47,787
AIA Group Ltd.		66,037		759,716
Allianz SE		2,274		509,480
Allstate Corp. (The)		1,010		128,583
American International Group, Inc.		2,893		158,797
Aon PLC		765		218,614
Arthur J Gallagher & Co.		692		102,866
Assicurazioni Generali SpA		6,083		128,833
Assurant, Inc.		200		31,550
Aviva PLC		21,664		114,816
AXA SA		10,669		295,673
Baloise Holding AG		256		38,833
Brown & Brown, Inc.		789		43,750
Chubb Ltd.		1,512		262,302
Cincinnati Financial Corp.		500		57,110
CNP Assurances		946		14,931
Dai-ichi Life Holdings, Inc.		5,613		122,762
Direct Line Insurance Group PLC		7,524		29,359
Everest Re Group Ltd.		134		33,605
Gjensidige Forsikring ASA		1,102		24,407
Globe Life, Inc.		312		27,777

6

Company	Shares		U.S. $ Value
Hannover Rueck SE		333	$	57,989
Hartford Financial Services Group, Inc. (The)		1,205		84,651
Insurance Australia Group Ltd.		13,593		47,470
Japan Post Holdings Co., Ltd.(a)		8,667		72,852
Japan Post Insurance Co., Ltd.		1,192		21,621
Legal & General Group PLC		32,907		123,634
Lincoln National Corp.		600		41,250
Loews Corp.		750		40,447
Marsh & McLennan Cos., Inc.		1,710		258,945
Medibank Pvt Ltd.		15,187		38,776
MetLife, Inc.		2,510		154,942
MS&AD Insurance Group Holdings, Inc.		2,392		80,005
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		773		210,928
NN Group NV		1,548		81,088
Phoenix Group Holdings PLC		3,581		30,958
Poste Italiane SpA(c)		2,881		39,562
Principal Financial Group, Inc.		850		54,740
Progressive Corp. (The)		1,975		178,520
Prudential Financial, Inc.		1,325		139,390
Prudential PLC		14,390		279,244
QBE Insurance Group Ltd.		8,134		67,009
Sampo Oyj - Class A		2,750		135,962
SCOR SE		874		25,168
Sompo Holdings, Inc.		1,691		73,364
Suncorp Group Ltd.		7,061		62,786
Swiss Life Holding AG		177		89,185
Swiss Re AG		1,663		141,937
T&D Holdings, Inc.		2,896		39,727
Tokio Marine Holdings, Inc.		3,404		182,471
Travelers Cos., Inc. (The)		850		129,208
Tryg A/S		1,985		44,998
Willis Towers Watson PLC		437		101,585
WR Berkley Corp.		464		33,956
Zurich Insurance Group AG		830		339,404
				6,861,708
				30,040,397
Health Care – 9.2%
Biotechnology – 1.0%
AbbVie, Inc.		5,966		643,552
Amgen, Inc.		1,938		412,116
Argenx SE(a)		253		76,050
Biogen, Inc.(a)		505		142,910
CSL Ltd.		2,509		524,208
Genmab A/S(a)		362		158,166
Gilead Sciences, Inc.		4,235		295,815
Grifols SA		1,644		40,143
Incyte Corp.(a)		630		43,331
Moderna, Inc.(a)		1,186		456,444
PeptiDream, Inc.(a)		441		14,396
Regeneron Pharmaceuticals, Inc.(a)		352		213,023
Vertex Pharmaceuticals, Inc.(a)		877		159,079
				3,179,233

7

Company	Shares		U.S. $ Value
Health Care Equipment & Supplies – 2.2%
Abbott Laboratories		6,006	$	709,489
ABIOMED, Inc.(a)		158		51,432
Alcon, Inc.		2,755		223,074
Align Technology, Inc.(a)		250		166,357
Ambu A/S		923		27,295
Asahi Intecc Co., Ltd.		1,141		31,250
Baxter International, Inc.		1,700		136,731
Becton Dickinson and Co.		978		240,412
BioMerieux		228		25,943
Boston Scientific Corp.(a)		4,800		208,272
Carl Zeiss Meditec AG		222		42,525
Cochlear Ltd.(b)		363		56,796
Coloplast A/S - Class B		655		102,417
Cooper Cos., Inc. (The)		171		70,676
Danaher Corp.		2,150		654,546
Demant A/S(a)		597		30,083
DENTSPLY SIRONA, Inc.		736		42,725
DexCom, Inc.(a)		329		179,917
DiaSorin SpA		139		29,108
Edwards Lifesciences Corp.(a)		2,100		237,741
Fisher & Paykel Healthcare Corp., Ltd.		3,178		69,902
GN Store Nord AS		706		48,829
Hologic, Inc.(a)		860		63,477
Hoya Corp.		2,048		319,526
IDEXX Laboratories, Inc.(a)		293		182,217
Intuitive Surgical, Inc.(a)		405		402,631
Koninklijke Philips NV		5,024		223,201
Medtronic PLC		4,549		570,217
Olympus Corp.		6,380		139,645
ResMed, Inc.		496		130,721
Sartorius AG (Preference Shares)		145		92,308
Siemens Healthineers AG(c)		1,482		96,116
Smith & Nephew PLC		4,836		83,314
Sonova Holding AG		304		114,884
STERIS PLC		331		67,617
Straumann Holding AG		57		102,227
Stryker Corp.		1,105		291,411
Sysmex Corp.		891		110,670
Teleflex, Inc.		161		60,625
Terumo Corp.		3,551		167,672
West Pharmaceutical Services, Inc.		251		106,560
Zimmer Biomet Holdings, Inc.		705		103,184
				6,813,743
Health Care Providers & Services – 1.2%
AmerisourceBergen Corp. - Class A		495		59,128
Amplifon SpA		686		32,603
Anthem, Inc.		830		309,424
Cardinal Health, Inc.		975		48,224
Centene Corp.(a)		1,966		122,502
Cigna Corp.		1,161		232,386
CVS Health Corp.		4,449		377,542
DaVita, Inc.(a)		230		26,740
Fresenius Medical Care AG & Co. KGaA		1,130		79,263
Fresenius SE & Co. KGaA		2,305		110,329
HCA Healthcare, Inc.		890		216,021

8

Company	Shares		U.S. $ Value
Henry Schein, Inc.(a)		470	$	35,795
Humana, Inc.		435		169,280
Laboratory Corp. of America Holdings(a)		325		91,468
McKesson Corp.		535		106,668
Medipal Holdings Corp.		933		17,559
Orpea SA		285		33,137
Quest Diagnostics, Inc.		440		63,936
Ramsay Health Care Ltd.		1,009		50,003
Ryman Healthcare Ltd.		2,343		24,380
Sonic Healthcare Ltd.		2,503		72,335
UnitedHealth Group, Inc.		3,195		1,248,414
Universal Health Services, Inc. - Class B		260		35,976
				3,563,113
Health Care Technology – 0.1%
Cerner Corp.		1,010		71,225
M3, Inc.		2,430		173,182
				244,407
Life Sciences Tools & Services – 0.8%
Agilent Technologies, Inc.		1,025		161,468
Bio-Rad Laboratories, Inc. - Class A(a)		76		56,692
Bio-Techne Corp.		133		64,448
Charles River Laboratories International, Inc.(a)		172		70,979
Eurofins Scientific SE		736		94,496
Illumina, Inc.(a)		491		199,154
IQVIA Holdings, Inc.(a)		646		154,743
Lonza Group AG		411		308,295
Mettler-Toledo International, Inc.(a)		80		110,189
PerkinElmer, Inc.		375		64,984
QIAGEN NV(a)		1,272		65,995
Sartorius Stedim Biotech		153		85,497
Thermo Fisher Scientific, Inc.		1,335		762,726
Waters Corp.(a)		205		73,246
				2,272,912
Pharmaceuticals – 3.9%
Astellas Pharma, Inc.		10,185		167,635
AstraZeneca PLC		8,539		1,029,101
Bayer AG		5,417		294,010
Bristol-Myers Squibb Co.		7,555		447,029
Catalent, Inc.(a)		571		75,983
Chugai Pharmaceutical Co., Ltd.		3,683		134,775
Daiichi Sankyo Co., Ltd.		9,358		248,746
Eisai Co., Ltd.		1,345		100,751
Eli Lilly & Co.		2,693		622,218
GlaxoSmithKline PLC		27,743		523,598
Hikma Pharmaceuticals PLC		953		31,350
Hisamitsu Pharmaceutical Co., Inc.		255		9,645
Ipsen SA		208		19,820
Johnson & Johnson		8,905		1,438,157
Kyowa Kirin Co., Ltd.		1,405		50,651
Merck & Co., Inc.		8,555		642,566
Merck KGaA		713		154,322
Nippon Shinyaku Co., Ltd.		306		25,436
Novartis AG		12,244		1,003,998
Novo Nordisk A/S - Class B		9,496		915,315

9

Company	Shares		U.S. $ Value
Ono Pharmaceutical Co., Ltd.		1,994	$	45,471
Organon & Co.		853		27,970
Orion Oyj - Class B		585		23,161
Otsuka Holdings Co., Ltd.		2,078		88,861
Pfizer, Inc.		18,924		813,921
Recordati Industria Chimica e Farmaceutica SpA		576		33,385
Roche Holding AG		4,052		1,486,903
Sanofi		6,248		601,457
Santen Pharmaceutical Co., Ltd.		1,908		26,834
Shionogi & Co., Ltd.		1,459		99,838
Sumitomo Dainippon Pharma Co., Ltd.		895		15,997
Taisho Pharmaceutical Holdings Co., Ltd.		103		6,004
Takeda Pharmaceutical Co., Ltd.		8,643		285,070
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		6,046		58,888
UCB SA		697		78,048
Viatris, Inc.		4,086		55,365
Vifor Pharma AG		269		34,867
Zoetis, Inc.		1,606		311,789
				12,028,935
				28,102,343
Consumer Discretionary – 8.9%
Auto Components – 0.3%
Aisin Corp.		743		26,924
Aptiv PLC(a)		911		135,712
BorgWarner, Inc.		810		35,000
Bridgestone Corp.		3,068		145,151
Cie Generale des Etablissements Michelin SCA - Class B		934		143,220
Continental AG(a)		607		65,895
Denso Corp.		2,360		154,102
Faurecia SE		647		30,440
Koito Manufacturing Co., Ltd.		531		31,931
Stanley Electric Co., Ltd.		660		16,670
Sumitomo Electric Industries Ltd.		4,119		54,773
Toyota Industries Corp.		806		66,317
Valeo		1,266		35,331
Vitesco Technologies Group AG(a)		121		7,172
				948,638
Automobiles – 1.8%
Bayerische Motoren Werke AG		1,826		173,432
Bayerische Motoren Werke AG (Preference Shares)		314		23,819
Daimler AG		4,720		416,453
Ferrari NV		695		145,046
Ford Motor Co.(a)		13,260		187,762
General Motors Co.(a)		4,316		227,496
Honda Motor Co., Ltd.		8,923		274,327
Isuzu Motors Ltd.		3,012		39,187
Mazda Motor Corp.(a)		3,065		26,524
Nissan Motor Co., Ltd.(a)		12,779		63,863
Porsche Automobil Holding SE (Preference Shares)		844		83,463
Renault SA(a)		1,059		37,570
Stellantis NV		11,183		212,825

10

Company	Shares		U.S. $ Value
Subaru Corp.		3,381	$	62,480
Suzuki Motor Corp.		1,981		88,509
Tesla, Inc.(a)		2,741		2,125,591
Toyota Motor Corp.		58,470		1,041,783
Volkswagen AG		179		55,204
Volkswagen AG (Preference Shares)		1,024		228,252
Yamaha Motor Co., Ltd.		1,495		41,621
				5,555,207
Distributors – 0.1%
Genuine Parts Co.		480		58,190
LKQ Corp.(a)		934		46,999
Pool Corp.		141		61,252
				166,441
Hotels, Restaurants & Leisure – 1.3%
Accor SA(a)		936		33,375
Aristocrat Leisure Ltd.		3,169		105,390
Booking Holdings, Inc.(a)		147		348,959
Caesars Entertainment, Inc.(a)		698		78,371
Carnival Corp.(a) (b)		2,695		67,402
Chipotle Mexican Grill, Inc. - Class A(a)		104		189,022
Compass Group PLC(a)		9,837		201,178
Crown Resorts Ltd.(a)		2,053		14,053
Darden Restaurants, Inc.		440		66,647
Domino’s Pizza Enterprises Ltd.		334		38,202
Domino’s Pizza, Inc.		133		63,436
Entain PLC(a)		3,227		92,168
Evolution AB(c)		937		141,899
Expedia Group, Inc.(a)		472		77,361
Flutter Entertainment PLC(a)		918		182,069
Galaxy Entertainment Group Ltd.(a)		11,343		58,201
Genting Singapore Ltd.(b)		32,869		17,330
Hilton Worldwide Holdings, Inc.(a)		936		123,655
InterContinental Hotels Group PLC(a)		1,007		64,299
La Francaise des Jeux SAEM(c)		526		27,045
Las Vegas Sands Corp.(a)		1,107		40,516
Marriott International, Inc./MD - Class A(a)		901		133,429
McDonald’s Corp.		2,520		607,597
McDonald’s Holdings Co. Japan Ltd.(b)		392		18,494
Melco Resorts & Entertainment Ltd. (ADR)(a) (b)		1,183		12,114
MGM Resorts International		1,370		59,116
Norwegian Cruise Line Holdings Ltd.(a) (b)		1,251		33,414
Oriental Land Co., Ltd./Japan		1,081		174,880
Penn National Gaming, Inc.(a) (b)		502		36,375
Royal Caribbean Cruises Ltd.(a) (b)		737		65,556
Sands China Ltd.(a)		12,620		25,827
SJM Holdings Ltd.(a)		10,697		7,270
Sodexo SA(a)		488		42,649
Starbucks Corp.		3,981		439,144
Tabcorp Holdings Ltd.		12,226		42,480
Whitbread PLC(a)		1,113		49,487

11

Company	Shares		U.S. $ Value
Wynn Macau Ltd.(a)		7,889	$	6,639
Wynn Resorts Ltd.(a) (b)		350		29,663
Yum! Brands, Inc.		1,005		122,922
				3,937,634
Household Durables – 0.6%
Barratt Developments PLC		5,615		49,635
Berkeley Group Holdings PLC		625		36,497
Casio Computer Co., Ltd.(b)		1,030		17,053
DR Horton, Inc.		1,105		92,787
Electrolux AB - Class B(b)		1,243		28,718
Garmin Ltd.		500		77,730
Husqvarna AB - Class B		2,306		27,548
Iida Group Holdings Co., Ltd.		811		20,860
Leggett & Platt, Inc.		445		19,954
Lennar Corp. - Class A		930		87,122
Mohawk Industries, Inc.(a)		190		33,706
Newell Brands, Inc.		1,275		28,228
NVR, Inc.(a)		20		95,882
Panasonic Corp.		12,171		150,864
Persimmon PLC		1,759		62,911
PulteGroup, Inc.		885		40,639
Rinnai Corp.		221		24,264
SEB SA		153		21,525
Sekisui Chemical Co., Ltd.		2,083		35,790
Sekisui House Ltd.		3,389		70,969
Sharp Corp./Japan		1,097		13,829
Sony Group Corp.		6,934		769,803
Taylor Wimpey PLC		20,103		41,929
Whirlpool Corp.		210		42,811
				1,891,054
Internet & Direct Marketing Retail – 2.0%
Amazon.com, Inc.(a)		1,471		4,832,294
Delivery Hero SE(a) (c)		866		110,463
eBay, Inc.		2,185		152,229
Etsy, Inc.(a)		429		89,215
HelloFresh SE(a)		911		83,964
Just Eat Takeaway.com NV(a) (c)		989		72,260
Mercari, Inc.(a)		468		25,861
Prosus NV(a)		5,144		411,731
Rakuten, Inc.		4,713		45,908
Zalando SE(a) (c)		1,350		123,122
ZOZO, Inc.		671		25,139
				5,972,186
Leisure Products – 0.1%
Bandai Namco Holdings, Inc.		1,079		81,117
Hasbro, Inc.		430		38,364
Shimano, Inc.		460		134,406
Yamaha Corp.		694		43,654
				297,541
Multiline Retail – 0.3%
Dollar General Corp.		800		169,712

12

Company	Shares		U.S. $ Value
Dollar Tree, Inc.(a)		778	$	74,470
Next PLC		733		80,631
Pan Pacific International Holdings Corp.		2,271		46,858
Ryohin Keikaku Co., Ltd.		1,326		29,494
Target Corp.		1,675		383,190
Wesfarmers Ltd.		6,252		248,663
				1,033,018
Specialty Retail – 1.2%
ABC-Mart, Inc.		94		5,280
Advance Auto Parts, Inc.		221		46,165
AutoZone, Inc.(a)		75		127,349
Bath & Body Works, Inc.		895		56,412
Best Buy Co., Inc.		750		79,282
CarMax, Inc.(a)		550		70,378
Chow Tai Fook Jewellery Group Ltd.		11,000		20,920
Fast Retailing Co., Ltd.		319		235,267
Gap, Inc. (The)(b)		695		15,777
H & M Hennes & Mauritz AB - Class B(a)		4,027		81,513
Hikari Tsushin, Inc.		186		31,438
Home Depot, Inc. (The)		3,600		1,181,736
Industria de Diseno Textil SA		6,015		221,326
JD Sports Fashion PLC		2,844		39,968
Kingfisher PLC		11,639		52,537
Lowe’s Cos., Inc.		2,390		484,835
Nitori Holdings Co., Ltd.		513		101,098
O’Reilly Automotive, Inc.(a)		240		146,654
Ross Stores, Inc.		1,200		130,620
TJX Cos., Inc. (The)		4,070		268,539
Tractor Supply Co.		385		78,005
Ulta Beauty, Inc.(a)		182		65,687
USS Co., Ltd.		1,153		19,627
Yamada Holdings Co., Ltd.		3,657		15,358
				3,575,771
Textiles, Apparel & Luxury Goods – 1.2%
adidas AG		1,050		329,969
Burberry Group PLC		2,232		54,319
Cie Financiere Richemont SA		2,879		298,501
EssilorLuxottica SA		1,574		300,780
Hanesbrands, Inc.		1,177		20,197
Hermes International		175		241,454
Kering SA		414		294,048
LVMH Moet Hennessy Louis Vuitton SE		1,531		1,096,600
Moncler SpA		1,068		65,138
NIKE, Inc. - Class B		4,310		625,941
Pandora A/S		552		67,013
Puma SE		582		64,698
PVH Corp.(a)		235		24,156
Ralph Lauren Corp.		160		17,766
Swatch Group AG (The)		160		41,741
Swatch Group AG (The) (REG)		290		14,922
Tapestry, Inc.		940		34,799
Under Armour, Inc. - Class A(a)		637		12,855
Under Armour, Inc. - Class C(a)		664		11,633

13

Company	Shares		U.S. $ Value
VF Corp.		1,080	$	72,349
				3,688,879
				27,066,369
Industrials – 7.9%
Aerospace & Defense – 1.0%
Airbus SE(a)		3,243		429,943
BAE Systems PLC		17,756		134,485
Boeing Co. (The)(a)		1,860		409,088
Dassault Aviation SA		140		15,737
Elbit Systems Ltd.		146		21,141
General Dynamics Corp.		770		150,943
Howmet Aerospace, Inc.		1,316		41,059
Huntington Ingalls Industries, Inc.		129		24,905
L3Harris Technologies, Inc.		687		151,305
Lockheed Martin Corp.		830		286,433
MTU Aero Engines AG		294		66,098
Northrop Grumman Corp.		510		183,676
Raytheon Technologies Corp.		5,120		440,115
Rolls-Royce Holdings PLC(a)		46,143		86,182
Safran SA		1,885		238,416
Singapore Technologies Engineering Ltd.		7,908		22,075
Textron, Inc.		755		52,707
Thales SA		588		57,010
TransDigm Group, Inc.(a)		183		114,296
				2,925,614
Air Freight & Logistics – 0.5%
CH Robinson Worldwide, Inc.		445		38,715
Deutsche Post AG		5,466		342,772
DSV A/S		1,142		273,353
Expeditors International of Washington, Inc.		570		67,904
FedEx Corp.		825		180,914
InPost SA(a)		1,102		18,286
Kuehne & Nagel International AG		298		101,738
SG Holdings Co., Ltd.		1,752		49,566
United Parcel Service, Inc. - Class B		2,445		445,234
Yamato Holdings Co., Ltd.		1,596		40,395
				1,558,877
Airlines – 0.1%
Alaska Air Group, Inc.(a)		413		24,202
American Airlines Group, Inc.(a)		2,162		44,364
ANA Holdings, Inc.(a)		795		20,668
Delta Air Lines, Inc.(a)		2,162		92,123
Deutsche Lufthansa AG(a)		3,296		15,157
Japan Airlines Co., Ltd.(a)		758		18,046
Qantas Airways Ltd.(a)		5,096		20,552
Singapore Airlines Ltd.(a)		6,936		25,543
Southwest Airlines Co.(a)		1,995		102,603
United Airlines Holdings, Inc.(a)		1,092		51,946
				415,204

14

Company	Shares		U.S. $ Value
Building Products – 0.6%
A O Smith Corp.		445	$	27,176
AGC, Inc.		1,022		52,666
Allegion PLC		295		38,993
Assa Abloy AB - Class B		5,527		160,320
Carrier Global Corp.		2,755		142,599
Cie de Saint-Gobain		2,790		187,759
Daikin Industries Ltd.		1,419		309,396
Fortune Brands Home & Security, Inc.		461		41,223
Geberit AG		205		150,512
Johnson Controls International PLC		2,422		164,890
Kingspan Group PLC		851		84,887
Lixil Corp.		1,372		39,765
Masco Corp.		855		47,495
Nibe Industrier AB		7,861		98,787
Otis Worldwide Corp.		1,362		112,065
ROCKWOOL International A/S		48		20,500
TOTO Ltd.		761		36,236
Xinyi Glass Holdings Ltd.		9,186		27,402
				1,742,671
Commercial Services & Supplies – 0.3%
Brambles Ltd.		8,107		62,338
Cintas Corp.		295		112,295
Copart, Inc.(a)		701		97,243
Dai Nippon Printing Co., Ltd.		1,166		28,092
Rentokil Initial PLC		10,225		80,295
Republic Services, Inc. - Class A		710		85,243
Rollins, Inc.		741		26,179
Secom Co., Ltd.		1,170		84,624
Securitas AB - Class B		1,726		27,318
Sohgo Security Services Co., Ltd.		336		15,105
TOPPAN, inc.		1,436		24,348
Waste Management, Inc.		1,305		194,915
				837,995
Construction & Engineering – 0.3%
ACS Actividades de Construccion y Servicios SA		1,376		37,274
Bouygues SA		1,259		52,082
Eiffage SA		459		46,390
Epiroc AB - Class A		3,634		75,549
Epiroc AB - Class B		2,150		38,080
Ferrovial SA		2,648		77,292
Kajima Corp.		2,403		30,793
Obayashi Corp.		3,484		28,718
Quanta Services, Inc.		465		52,926
Shimizu Corp.		3,017		22,583
Skanska AB - Class B		1,875		47,039
Taisei Corp.		1,000		32,042
Vinci SA		2,936		305,370
				846,138
Electrical Equipment – 0.8%
ABB Ltd.		9,565		319,966
AMETEK, Inc.		779		96,604
Eaton Corp. PLC		1,344		200,673
Emerson Electric Co.		2,020		190,284
Fuji Electric Co., Ltd.		630		28,669
Generac Holdings, Inc.(a)		210		85,821

15

Company	Shares		U.S. $ Value
Legrand SA		1,475	$	158,046
Mitsubishi Electric Corp.		10,058		139,782
Nidec Corp.		2,483		273,726
Prysmian SpA		1,404		49,040
Rockwell Automation, Inc.		390		114,675
Schneider Electric SE		2,971		494,831
Siemens Energy AG(a)		2,203		58,929
Siemens Gamesa Renewable Energy SA(a)		1,314		33,398
Vestas Wind Systems A/S		5,568		223,327
				2,467,771
Industrial Conglomerates – 0.9%
3M Co.		1,955		342,946
CK Hutchison Holdings Ltd.		14,047		93,709
DCC PLC		543		45,268
General Electric Co.		3,702		381,417
Hitachi Ltd.		5,322		314,853
Honeywell International, Inc.		2,345		497,797
Investment AB Latour - Class B		816		25,251
Jardine Matheson Holdings Ltd.		940		49,687
Keppel Corp., Ltd.		7,974		30,450
Melrose Industries PLC		24,111		55,979
Roper Technologies, Inc.		355		158,376
Siemens AG		4,219		690,022
Smiths Group PLC		2,185		42,133
Toshiba Corp.		2,245		94,494
				2,822,382
Machinery – 1.5%
Alfa Laval AB		1,734		64,676
Alstom SA		1,535		58,227
Atlas Copco AB - Class A		3,703		223,608
Atlas Copco AB - Class B		2,151		109,328
Caterpillar, Inc.		1,845		354,185
CNH Industrial NV		5,643		94,854
Cummins, Inc.		490		110,034
Daifuku Co., Ltd.		502		47,080
Deere & Co.		1,055		353,499
Dover Corp.		485		75,418
FANUC Corp.		1,108		242,942
Fortive Corp.		1,140		80,450
GEA Group AG		846		38,636
Harmonic Drive Systems, Inc.		186		8,920
Hino Motors Ltd.		1,559		14,477
Hitachi Construction Machinery Co., Ltd.		558		15,677
Hoshizaki Corp.		251		22,829
IDEX Corp.		252		52,151
Illinois Tool Works, Inc.		975		201,464
Ingersoll Rand, Inc.(a)		1,309		65,987
KION Group AG		398		37,005
Knorr-Bremse AG		400		42,797
Komatsu Ltd.		4,800		114,952
Kone Oyj - Class B		1,874		131,645
Kubota Corp.		5,651		120,268
Kurita Water Industries Ltd.		479		23,049
Makita Corp.		1,195		65,704
MINEBEA MITSUMI, Inc.		1,933		49,229
MISUMI Group, Inc.		1,530		65,100
Mitsubishi Heavy Industries Ltd.		1,755		47,023

16

Company	Shares		U.S. $ Value
Miura Co., Ltd.		481	$	19,228
Nabtesco Corp.		603		22,799
NGK Insulators Ltd.		1,396		23,664
NSK Ltd.(b)		2,092		14,176
PACCAR, Inc.		1,170		92,336
Parker-Hannifin Corp.		435		121,635
Pentair PLC		560		40,673
Rational AG		29		27,242
Sandvik AB		6,225		142,218
Schindler Holding AG		225		60,406
Schindler Holding AG (REG)		111		28,596
SKF AB - Class B		2,104		49,615
SMC Corp.		310		193,412
Snap-on, Inc.		180		37,611
Spirax-Sarco Engineering PLC		407		81,891
Stanley Black & Decker, Inc.		545		95,544
Techtronic Industries Co., Ltd.		7,244		143,153
THK Co., Ltd.		573		12,574
Trane Technologies PLC		805		138,983
Volvo AB		1,104		24,945
Volvo AB - Class B		7,883		176,000
Wartsila Oyj Abp		2,610		31,083
Westinghouse Air Brake Technologies Corp.		595		51,295
Xylem, Inc./NY		605		74,826
				4,635,119
Marine – 0.1%
AP Moller - Maersk A/S - Class A		18		46,387
AP Moller - Maersk A/S - Class B		34		92,041
Nippon Yusen KK(b)		863		64,663
SITC International Holdings Co., Ltd.		8,000		28,467
				231,558
Professional Services – 0.6%
Adecco Group AG		854		42,790
Bureau Veritas SA		1,620		49,995
Equifax, Inc.		415		105,169
Experian PLC		5,058		211,880
Intertek Group PLC		890		59,512
Jacobs Engineering Group, Inc.		435		57,651
Leidos Holdings, Inc.		445		42,778
Nielsen Holdings PLC		1,206		23,143
Nihon M&A Center, Inc.		1,597		46,895
Persol Holdings Co., Ltd.		881		21,963
Randstad NV(b)		659		44,369
Recruit Holdings Co., Ltd.		7,386		451,475
RELX PLC (London)		10,656		306,746
Robert Half International, Inc.		375		37,624
SGS SA		34		98,968
Teleperformance		324		127,440
Verisk Analytics, Inc. - Class A		550		110,149
Wolters Kluwer NV		1,475		156,345
				1,994,892
Road & Rail – 0.6%
Aurizon Holdings Ltd.		10,227		27,689
Central Japan Railway Co.		784		125,145
CSX Corp.		7,680		228,403

17

Company	Shares		U.S. $ Value
East Japan Railway Co.		1,693	$	119,650
Hankyu Hanshin Holdings, Inc.		1,238		38,964
JB Hunt Transport Services, Inc.		283		47,323
Kansas City Southern		310		83,898
Keio Corp.		516		27,599
Keisei Electric Railway Co., Ltd.		651		21,565
Kintetsu Group Holdings Co., Ltd.(a)		928		31,208
MTR Corp., Ltd.		7,764		41,785
Nippon Express Co., Ltd.		441		30,372
Norfolk Southern Corp.		840		200,970
Odakyu Electric Railway Co., Ltd.		1,526		35,319
Old Dominion Freight Line, Inc.		323		92,372
Tobu Railway Co., Ltd.		982		26,441
Tokyu Corp.		2,753		40,864
Union Pacific Corp.		2,240		439,062
West Japan Railway Co.		848		42,627
				1,701,256
Trading Companies & Distributors – 0.5%
Ashtead Group PLC		2,478		187,320
Brenntag SE		852		79,146
Bunzl PLC		1,858		61,304
Fastenal Co.		1,940		100,123
Ferguson PLC		1,241		172,278
ITOCHU Corp.		6,501		189,348
Marubeni Corp.(b)		8,608		71,216
Mitsubishi Corp.		6,911		217,022
Mitsui & Co., Ltd.		8,431		184,361
MonotaRO Co., Ltd.		1,332		29,850
Reece Ltd.		1,603		21,619
Sumitomo Corp.		6,189		87,184
Toyota Tsusho Corp.		1,092		45,857
United Rentals, Inc.(a)		250		87,733
WW Grainger, Inc.		150		58,959
				1,593,320
Transportation Infrastructure – 0.1%
Aena SME SA(a) (c)		414		71,598
Aeroports de Paris(a)		164		20,887
Atlantia SpA(a)		2,732		51,557
Auckland International Airport Ltd.(a)		6,902		37,101
Getlink SE		2,426		37,898
Sydney Airport(a)		7,292		42,825
Transurban Group(a) (b)		16,776		169,342
				431,208
				24,204,005
Communication Services – 6.1%
Diversified Telecommunication Services – 1.4%
AT&T, Inc.		24,147		652,210
BT Group PLC(a)		49,220		105,518
Cellnex Telecom SA(c)		2,810		173,490
Charter Communications, Inc. - Class A(a)		473		344,136
Comcast Corp. - Class A		15,502		867,027
Deutsche Telekom AG		18,380		368,596

18

Company	Shares		U.S. $ Value
Elisa Oyj		784	$	48,713
Eurazeo SE		218		20,427
HKT Trust & HKT Ltd. - Class SS		20,744		28,364
Infrastrutture Wireless Italiane SpA(c)		1,853		20,639
Koninklijke KPN NV		18,541		58,344
Lumen Technologies, Inc.(b)		3,362		41,655
Nippon Telegraph & Telephone Corp.		7,067		195,821
Orange SA		11,001		118,974
Proximus SADP		838		16,630
Singapore Telecommunications Ltd.		44,733		80,531
Spark New Zealand Ltd.		10,212		33,596
Swisscom AG		143		82,294
Telecom Italia SpA/Milano		54,947		21,485
Telecom Italia SpA/Milano (Savings Shares)		33,240		13,413
Telefonica Deutschland Holding AG		5,741		16,346
Telefonica SA		28,799		135,141
Telenor ASA		3,858		64,938
Telia Co. AB(b)		14,659		60,303
Telstra Corp., Ltd.		22,955		64,322
United Internet AG		534		20,657
Verizon Communications, Inc.		13,995		755,870
Washington H Soul Pattinson & Co., Ltd.(b)		594		16,508
				4,425,948
Entertainment – 1.1%
Activision Blizzard, Inc.		2,625		203,149
Bollore SA		4,874		28,146
Capcom Co., Ltd.		968		26,897
Electronic Arts, Inc.		965		137,271
Embracer Group AB(a)		2,828		27,232
Fuchs Petrolub SE		383		17,932
Koei Tecmo Holdings Co., Ltd.		323		15,332
Konami Holdings Corp.		430		26,952
Live Nation Entertainment, Inc.(a)		486		44,289
Netflix, Inc.(a)		1,502		916,731
Nexon Co., Ltd.		2,640		42,374
Nintendo Co., Ltd.		697		333,084
Sea Ltd. (ADR)(a)		379		120,799
Square Enix Holdings Co., Ltd.		418		22,340
Take-Two Interactive Software, Inc.(a)		385		59,317
Toho Co., Ltd./Tokyo		596		28,078
Ubisoft Entertainment SA(a)		511		30,600
Universal Music Group NV(a)		3,924		105,066
Vivendi SE		3,924		49,403
Walt Disney Co. (The)(a)		6,139		1,038,535
				3,273,527
Interactive Media & Services – 2.8%
Adevinta ASA - Class B(a)		1,510		25,876
Alphabet, Inc. - Class A(a)		1,019		2,724,317
Alphabet, Inc. - Class C(a)		965		2,572,024
Auto Trader Group PLC		5,327		42,010
Facebook, Inc. - Class A(a)		8,107		2,751,435
Kakaku.com, Inc.		696		22,476
Match Group, Inc.(a)		935		146,786

19

Company	Shares		U.S. $ Value
REA Group Ltd.		292	$	32,888
Scout24 AG(c)		494		34,310
SEEK Ltd.		1,849		40,647
Twitter, Inc.(a)		2,696		162,811
Z Holdings Corp.		14,535		93,025
				8,648,605
Media – 0.3%
CyberAgent, Inc.		2,204		42,521
Dentsu Group, Inc.		1,126		43,323
Discovery, Inc. - Class A(a) (b)		565		14,340
Discovery, Inc. - Class C(a)		1,014		24,610
DISH Network Corp. - Class A(a)		836		36,333
Fox Corp. - Class A		1,100		44,121
Fox Corp. - Class B		512		19,005
Hakuhodo DY Holdings, Inc.		1,281		22,045
Informa PLC(a)		8,283		60,913
Interpublic Group of Cos., Inc. (The)		1,325		48,588
News Corp. - Class A		1,318		31,012
News Corp. - Class B		407		9,455
Omnicom Group, Inc.		720		52,171
Pearson PLC		4,156		39,857
Publicis Groupe SA		1,229		82,561
Schibsted ASA		403		19,129
Schibsted ASA - Class B		536		22,797
ViacomCBS, Inc. - Class B		2,048		80,916
WPP PLC		6,757		90,527
				784,224
Wireless Telecommunication Services – 0.5%
KDDI Corp.		8,868		291,962
SoftBank Corp.		15,787		214,147
SoftBank Group Corp.		6,862		396,523
T-Mobile US, Inc.(a)		1,981		253,093
Tele2 AB - Class B(b)		2,761		40,881
Vodafone Group PLC		147,978		225,177
				1,421,783
				18,554,087
Consumer Staples – 5.4%
Beverages – 1.2%
Anheuser-Busch InBev SA/NV		4,202		238,327
Asahi Group Holdings Ltd.		2,464		118,901
Brown-Forman Corp. - Class B		612		41,010
Budweiser Brewing Co. APAC Ltd.(c)		9,337		23,716
Carlsberg AS - Class B		568		92,665
Coca-Cola Co. (The)		13,120		688,406
Coca-Cola Europacific Partners PLC		1,128		62,367
Coca-Cola HBC AG(a)		1,089		35,092
Constellation Brands, Inc. - Class A		570		120,093
Davide Campari-Milano NV		2,882		40,484
Diageo PLC		12,902		624,651
Heineken Holding NV		635		55,293
Heineken NV		1,429		149,152
Ito En Ltd.		276		18,309
Kirin Holdings Co., Ltd.		4,528		84,039

20

Company	Shares		U.S. $ Value
Molson Coors Beverage Co. - Class B		630	$	29,219
Monster Beverage Corp.(a)		1,250		111,038
PepsiCo, Inc.		4,665		701,663
Pernod Ricard SA		1,156		254,855
Remy Cointreau SA		126		24,447
Suntory Beverage & Food Ltd.		738		30,594
Treasury Wine Estates Ltd.		3,978		35,078
				3,579,399
Food & Staples Retailing – 1.0%
Aeon Co., Ltd.		3,525		92,672
Carrefour SA		3,381		60,592
Coles Group Ltd.		7,355		89,341
Cosmos Pharmaceutical Corp.		78		13,247
Costco Wholesale Corp.		1,495		671,778
Endeavour Group Ltd./Australia		7,396		37,010
Etablissements Franz Colruyt NV(b)		300		15,304
ICA Gruppen AB		554		25,417
J Sainsbury PLC		9,200		35,262
Jeronimo Martins SGPS SA		1,388		27,670
Kesko Oyj - Class B		1,506		51,947
Kobe Bussan Co., Ltd.		696		22,741
Koninklijke Ahold Delhaize NV		5,766		191,997
Kroger Co. (The)		2,560		103,501
Lawson, Inc.		246		12,084
Ocado Group PLC(a)		2,684		59,982
Seven & i Holdings Co., Ltd.		4,112		187,197
Sysco Corp.		1,725		135,412
Tesco PLC		42,636		145,203
Tsuruha Holdings, Inc.		230		28,364
Walgreens Boots Alliance, Inc.		2,425		114,096
Walmart, Inc.		4,643		647,141
Welcia Holdings Co., Ltd.		440		15,859
Wm Morrison Supermarkets PLC		13,288		52,728
Woolworths Group Ltd.		6,977		195,972
				3,032,517
Food Products – 1.3%
a2 Milk Co., Ltd. (The)(a)		4,095		18,133
Ajinomoto Co., Inc.		2,558		75,588
Archer-Daniels-Midland Co.		1,885		113,119
Associated British Foods PLC		1,964		48,889
Barry Callebaut AG		20		45,361
Campbell Soup Co.		685		28,640
Chocoladefabriken Lindt & Spruengli AG		6		67,085
Chocoladefabriken Lindt & Spruengli AG (REG)		1		117,925
Conagra Brands, Inc.		1,615		54,700
Danone SA		3,597		245,236
General Mills, Inc.		2,055		122,930
Hershey Co. (The)		490		82,933
Hormel Foods Corp.(b)		950		38,950
JDE Peet’s NV		413		12,343
JM Smucker Co. (The)(b)		365		43,811
Kellogg Co.		845		54,012
Kerry Group PLC - Class A		877		117,841
Kikkoman Corp.		795		64,691
Kraft Heinz Co. (The)		2,188		80,562
Lamb Weston Holdings, Inc.		490		30,071

21

Company	Shares		U.S. $ Value
McCormick & Co., Inc./MD		840	$	68,065
MEIJI Holdings Co., Ltd.		620		40,085
Mondelez International, Inc. - Class A		4,745		276,064
Mowi ASA		2,423		61,561
Nestle SA		15,887		1,914,225
NH Foods Ltd.		433		16,352
Nisshin Seifun Group, Inc.		1,062		17,598
Nissin Foods Holdings Co., Ltd.		364		29,209
Orkla ASA		4,141		38,007
Toyo Suisan Kaisha Ltd.		390		17,269
Tyson Foods, Inc. - Class A		995		78,545
WH Group Ltd.(c)		52,359		37,282
Wilmar International Ltd.		10,113		31,243
Yakult Honsha Co., Ltd.		642		32,499
				4,120,824
Household Products – 0.8%
Church & Dwight Co., Inc.		826		68,203
Clorox Co. (The)		420		69,556
Colgate-Palmolive Co.		2,860		216,159
Essity AB - Class B		3,356		104,083
Henkel AG & Co. KGaA		573		49,292
Henkel AG & Co. KGaA (Preference Shares)		983		90,936
Kimberly-Clark Corp.		1,135		150,319
Lion Corp.		1,198		19,377
Pigeon Corp.		629		14,623
Procter & Gamble Co. (The)		8,270		1,156,146
Reckitt Benckiser Group PLC		3,931		308,820
Unicharm Corp.		2,194		97,221
				2,344,735
Personal Products – 0.6%
Beiersdorf AG		556		59,992
Estee Lauder Cos., Inc. (The) - Class A		780		233,945
Kao Corp.		2,593		154,319
Kobayashi Pharmaceutical Co., Ltd.		238		18,869
Kose Corp.		196		23,441
L’Oreal SA		1,390		575,188
Pola Orbis Holdings, Inc.		416		9,575
Shiseido Co., Ltd.		2,163		145,374
Unilever PLC		14,499		784,952
				2,005,655
Tobacco – 0.5%
Altria Group, Inc.		6,250		284,500
British American Tobacco PLC		12,019		420,119
Imperial Brands PLC		5,218		109,143
Japan Tobacco, Inc.		6,590		129,126
Philip Morris International, Inc.		5,270		499,543
Swedish Match AB		8,944		78,320
				1,520,751
				16,603,881
Materials – 3.2%
Chemicals – 1.7%
Air Liquide SA		2,612		418,338
Air Products and Chemicals, Inc.		750		192,082
Akzo Nobel NV		1,051		114,837

22

Company	Shares		U.S. $ Value
Albemarle Corp.		391	$	85,617
Arkema SA		339		44,703
Asahi Kasei Corp.		6,875		73,673
BASF SE		5,065		383,979
Celanese Corp. - Class A		378		56,942
CF Industries Holdings, Inc.		720		40,190
Chr Hansen Holding A/S		582		47,539
Clariant AG(a)		1,189		22,318
Corteva, Inc.		2,486		104,611
Covestro AG(c)		1,065		72,581
Croda International PLC		769		88,110
Dow, Inc.		2,526		145,397
DuPont de Nemours, Inc.		1,792		121,838
Eastman Chemical Co.		460		46,340
Ecolab, Inc.		840		175,241
EMS-Chemie Holding AG		39		36,848
Evonik Industries AG		1,156		36,249
FMC Corp.		430		39,371
Givaudan SA		51		232,514
ICL Group Ltd.		3,884		28,304
International Flavors & Fragrances, Inc.		839		112,191
Johnson Matthey PLC		1,067		38,281
JSR Corp.		1,112		39,972
Kansai Paint Co., Ltd.		878		21,780
Koninklijke DSM NV		951		190,177
LANXESS AG		458		30,954
Linde PLC		1,760		516,349
LyondellBasell Industries NV - Class A		869		81,556
Mitsubishi Chemical Holdings Corp.		7,005		63,772
Mitsubishi Gas Chemical Co., Inc.		807		15,914
Mitsui Chemicals, Inc.		940		31,404
Mosaic Co. (The)		1,160		41,435
Nippon Paint Holdings Co., Ltd.		3,822		41,622
Nippon Sanso Holdings Corp.		750		18,796
Nissan Chemical Corp.		597		34,916
Nitto Denko Corp.		814		57,946
Novozymes A/S - Class B		1,148		78,697
Orica Ltd.		2,243		21,908
PPG Industries, Inc.		800		114,408
Sherwin-Williams Co. (The)		805		225,183
Shin-Etsu Chemical Co., Ltd.		1,955		329,943
Sika AG		782		247,247
Solvay SA		409		50,735
Sumitomo Chemical Co., Ltd.		8,172		42,415
Symrise AG		710		93,060
Toray Industries, Inc.		7,553		47,993
Tosoh Corp.		1,416		25,660
Umicore SA		1,087		64,306
Yara International ASA		961		47,604
				5,333,846
Construction Materials – 0.2%
CRH PLC		4,329		204,307
HeidelbergCement AG		821		61,249
Holcim Ltd.(a)		2,887		139,110
James Hardie Industries PLC		2,449		86,869
Martin Marietta Materials, Inc.		207		70,728
Vulcan Materials Co.		445		75,276
				637,539

23

Company	Shares		U.S. $ Value
Containers & Packaging – 0.2%
AMCOR PLC		5,213	$	60,419
Avery Dennison Corp.		275		56,983
Ball Corp.		1,110		99,867
International Paper Co.		1,315		73,535
Packaging Corp. of America		315		43,293
Sealed Air Corp.		510		27,943
Smurfit Kappa Group PLC		1,351		71,128
Westrock Co.		897		44,697
				477,865
Metals & Mining – 1.0%
Anglo American PLC		7,141		250,282
Antofagasta PLC		2,174		39,508
ArcelorMittal SA		3,952		120,981
BHP Group Ltd.		16,244		433,842
BHP Group PLC		11,647		293,439
BlueScope Steel Ltd.		2,778		40,252
Boliden AB		1,508		48,287
Evolution Mining Ltd.		9,422		23,824
Evraz PLC		2,811		22,302
Fortescue Metals Group Ltd.		9,338		99,468
Freeport-McMoRan, Inc.		4,955		161,186
Glencore PLC(a)		55,107		259,229
Hitachi Metals Ltd.(a)		1,110		21,436
JFE Holdings, Inc.		2,678		40,160
Newcrest Mining Ltd.		4,502		74,633
Newmont Corp.		2,701		146,664
Nippon Steel Corp.		4,695		84,444
Norsk Hydro ASA		7,416		55,353
Northern Star Resources Ltd.		6,095		37,330
Nucor Corp.		1,010		99,475
Rio Tinto Ltd.		2,047		145,728
Rio Tinto PLC		6,189		405,702
South32 Ltd.		26,363		65,421
Sumitomo Metal Mining Co., Ltd.		1,272		45,996
voestalpine AG		639		23,604
				3,038,546
Paper & Forest Products – 0.1%
Mondi PLC		2,677		65,602
Oji Holdings Corp.		4,381		22,075
Stora Enso Oyj - Class R		3,208		53,434
Svenska Cellulosa AB SCA - Class B		3,341		51,779
UPM-Kymmene Oyj		2,943		104,165
				297,055
				9,784,851
Energy – 2.2%
Energy Equipment & Services – 0.1%
Baker Hughes Co. - Class A		2,460		60,836
Halliburton Co.		3,000		64,860
Schlumberger NV		4,720		139,901
Tenaris SA		2,604		27,391
				292,988

24

Company	Shares		U.S. $ Value
Oil, Gas & Consumable Fuels – 2.1%
Ampol Ltd.		1,314	$	26,224
APA Corp.		1,275		27,323
BP PLC		112,205		511,077
Cabot Oil & Gas Corp.(b)		1,350		29,376
Chevron Corp.		6,531		662,570
ConocoPhillips		4,561		309,099
Devon Energy Corp.		2,010		71,375
Diamondback Energy, Inc.		608		57,559
ENEOS Holdings, Inc.		16,837		68,398
Eni SpA		13,918		185,599
EOG Resources, Inc.		1,970		158,132
Equinor ASA		5,389		137,047
Exxon Mobil Corp.		14,310		841,714
Galp Energia SGPS SA		2,764		31,393
Hess Corp.		920		71,861
Idemitsu Kosan Co., Ltd.		1,124		29,569
Inpex Corp.		5,618		43,744
Kinder Morgan, Inc.		6,579		110,067
Koninklijke Vopak NV		381		15,012
Lundin Energy AB		1,103		40,945
Marathon Oil Corp.		2,665		36,431
Marathon Petroleum Corp.		2,151		132,953
Neste Oyj		2,333		131,610
Occidental Petroleum Corp.		2,836		83,889
Oil Search Ltd.		10,885		33,874
OMV AG		812		48,895
ONEOK, Inc.		1,498		86,869
Phillips 66		1,480		103,644
Pioneer Natural Resources Co.		775		129,045
Repsol SA		8,213		107,209
Royal Dutch Shell PLC - Class A		22,616		502,961
Royal Dutch Shell PLC - Class B		20,437		452,815
Santos Ltd.		10,338		52,952
TotalEnergies SE		13,777		658,512
Valero Energy Corp.		1,375		97,034
Williams Cos., Inc. (The)		4,108		106,561
Woodside Petroleum Ltd.		5,306		90,729
				6,284,067
				6,577,055
Real Estate – 2.0%
Equity Real Estate Investment Trusts (REITs) – 1.5%
Alexandria Real Estate Equities, Inc.		462		88,274
American Tower Corp.		1,535		407,404
Ascendas Real Estate Investment Trust		17,639		38,879
AvalonBay Communities, Inc.		465		103,063
Boston Properties, Inc.		480		52,008
British Land Co. PLC (The)		4,854		32,209
CapitaLand Integrated Commercial Trust		26,593		39,599
Covivio		287		24,119
Crown Castle International Corp.		1,460		253,047
Daiwa House REIT Investment Corp.		18		52,860
Dexus		5,989		46,095
Digital Realty Trust, Inc.		948		136,939
Duke Realty Corp.		1,268		60,699
Equinix, Inc.		310		244,940
Equity Residential		1,160		93,867
Essex Property Trust, Inc.		218		69,703

25

Company	Shares		U.S. $ Value
Extra Space Storage, Inc.		453	$	76,099
Federal Realty Investment Trust		232		27,374
Gecina SA		253		34,038
GLP J-REIT		36		59,259
Goodman Group		9,168		141,069
GPT Group (The)		10,741		38,688
Healthpeak Properties, Inc.		1,820		60,934
Host Hotels & Resorts, Inc.(a)		2,380		38,865
Iron Mountain, Inc.		968		42,060
Japan Metropolitan Fund Invest		62		59,533
Japan Real Estate Investment Corp.		12		71,979
Kimco Realty Corp.		2,030		42,122
Klepierre SA(a)		1,138		25,450
Land Securities Group PLC		3,884		36,200
Link REIT		11,373		97,391
Mapletree Commercial Trust		11,196		16,967
Mapletree Logistics Trust		15,769		23,574
Mid-America Apartment Communities, Inc.		386		72,085
Mirvac Group		21,713		46,059
Nippon Building Fund, Inc.		14		90,955
Nippon Prologis REIT, Inc.		19		63,499
Nomura Real Estate Master Fund, Inc.		38		54,692
Orix JREIT, Inc.		23		40,028
Prologis, Inc.		2,499		313,450
Public Storage		510		151,521
Realty Income Corp.		1,258		81,594
Regency Centers Corp.		533		35,887
SBA Communications Corp.		370		122,311
Scentre Group		28,622		60,918
Segro PLC		6,570		105,539
Simon Property Group, Inc.		1,106		143,747
Stockland		13,163		41,742
UDR, Inc.		998		52,874
United Urban Investment Corp.		26		35,141
Ventas, Inc.		1,261		69,620
Vicinity Centres		21,338		25,226
Vornado Realty Trust(b)		525		22,055
Welltower, Inc.		1,405		115,772
Weyerhaeuser Co.		2,528		89,921
				4,469,943
Real Estate Management & Development – 0.5%
Aroundtown SA		5,509		37,951
Azrieli Group Ltd.		234		21,064
Capitaland Investment Ltd./Singapore(a)		14,504		36,319
CBRE Group, Inc. - Class A(a)		1,135		110,504
City Developments Ltd.		2,050		10,375
CK Asset Holdings Ltd.		11,031		63,646
Daito Trust Construction Co., Ltd.		383		44,929
Daiwa House Industry Co., Ltd.		3,044		101,472
Deutsche Wohnen SE		1,858		113,606
ESR Cayman Ltd.(a) (c)		10,348		31,231
Fastighets AB Balder - Class B(a)		580		34,856
Hang Lung Properties Ltd.		11,030		25,138
Henderson Land Development Co., Ltd.		7,938		30,311
Hongkong Land Holdings Ltd.		6,395		30,547
Hulic Co., Ltd.		1,401		15,602
LEG Immobilien SE		398		56,219

26

Company	Shares		U.S. $ Value
Lendlease Corp Ltd.		3,795	$	29,178
Mitsubishi Estate Co., Ltd.		6,435		102,463
Mitsui Fudosan Co., Ltd.		4,969		118,038
New World Development Co., Ltd.		7,625		31,013
Nomura Real Estate Holdings, Inc.		631		16,405
Sino Land Co., Ltd.		17,242		23,196
Sumitomo Realty & Development Co., Ltd.		1,656		60,529
Sun Hung Kai Properties Ltd.		6,616		82,610
Swire Pacific Ltd. - Class A		2,435		14,408
Swire Properties Ltd.		6,422		16,103
Swiss Prime Site AG		419		40,928
Unibail-Rodamco-Westfield(a)		687		50,564
UOL Group Ltd.		2,134		10,731
Vonovia SE		2,964		178,191
Wharf Real Estate Investment Co., Ltd.		8,876		45,604
				1,583,731
				6,053,674
Utilities – 2.0%
Electric Utilities – 1.2%
Alliant Energy Corp.		838		46,911
American Electric Power Co., Inc.		1,685		136,788
AusNet Services Ltd.		10,480		18,969
Chubu Electric Power Co., Inc.		3,539		41,826
CK Infrastructure Holdings Ltd.		2,903		16,192
CLP Holdings Ltd.		8,629		83,084
Duke Energy Corp.		2,592		252,953
Edison International		1,275		70,724
EDP - Energias de Portugal SA		15,308		80,415
Electricite de France SA		2,564		32,220
Elia Group SA/NV		170		20,315
Endesa SA		1,751		35,313
Enel SpA		44,851		344,241
Entergy Corp.		675		67,034
Evergy, Inc.		585		36,387
Eversource Energy		1,160		94,842
Exelon Corp.		3,297		159,377
FirstEnergy Corp.		1,835		65,363
Fortum Oyj		2,449		74,366
HK Electric Investments & HK Electric Investments Ltd. - Class SS(c)		14,615		14,512
Iberdrola SA		32,638		328,352
Kansai Electric Power Co., Inc. (The)		3,871		37,511
Mercury NZ Ltd.		3,756		16,798
NextEra Energy, Inc.		6,630		520,588
NRG Energy, Inc.		820		33,481
Origin Energy Ltd.		9,712		32,584
Orsted AS(c)		1,043		137,483
Pinnacle West Capital Corp.		375		27,135
Power Assets Holdings Ltd.		7,358		43,133
PPL Corp.		2,595		72,349
Red Electrica Corp. SA		2,387		47,889
Southern Co. (The)		3,580		221,853
SSE PLC		5,747		121,004
Terna - Rete Elettrica Nazionale		7,758		55,057
Tohoku Electric Power Co., Inc.		2,307		16,959
Tokyo Electric Power Co. Holdings, Inc.(a)		8,384		23,872
Verbund AG		375		37,925

27

Company	Shares		U.S. $ Value
Xcel Energy, Inc.		1,820	$	113,750
				3,579,555
Gas Utilities – 0.1%
APA Group		6,506		40,525
Atmos Energy Corp.		432		38,102
Enagas SA		1,372		30,491
Hong Kong & China Gas Co., Ltd.		60,787		91,843
Naturgy Energy Group SA		1,604		40,374
Osaka Gas Co., Ltd.		2,040		37,277
Snam SpA		11,120		61,515
Toho Gas Co., Ltd.		358		15,571
Tokyo Gas Co., Ltd.		2,050		38,145
				393,843
Independent Power and Renewable Electricity Producers – 0.0%
AES Corp. (The)		2,245		51,254
EDP Renovaveis SA		1,589		39,426
Meridian Energy Ltd.		7,065		23,892
Uniper SE		504		20,981
				135,553
Multi-Utilities – 0.6%
AGL Energy Ltd.		3,435		14,185
Ameren Corp.		860		69,660
CenterPoint Energy, Inc.		1,955		48,093
CMS Energy Corp.		970		57,938
Consolidated Edison, Inc.		1,150		83,478
Dominion Energy, Inc.		2,720		198,614
DTE Energy Co.		650		72,612
E.ON SE		12,380		151,107
Engie SA		10,072		131,774
National Grid PLC		19,571		233,202
NiSource, Inc.		1,325		32,105
Public Service Enterprise Group, Inc.		1,705		103,834
RWE AG		3,542		124,921
Sempra Energy		1,060		134,090
Suez SA		1,905		43,438
United Utilities Group PLC		3,760		48,938
Veolia Environnement SA		2,971		90,781
WEC Energy Group, Inc.		1,058		93,316
				1,732,086
Water Utilities – 0.1%
American Water Works Co., Inc.		611		103,283
Severn Trent PLC		1,317		46,107
				149,390
				5,990,427
Total Common Stocks (cost $123,757,435)				216,149,162

28

	Principal Amount (000)		U.S. $ Value
GOVERNMENTS - TREASURIES – 26.4%
United States – 26.4%
U.S. Treasury Bonds 1.25%, 05/15/2050	$	266	$	216,833
1.375%, 08/15/2050		197		165,872
1.625%, 11/15/2050		1,062		951,396
2.00%, 02/15/2050		418		409,705
2.25%, 08/15/2046-08/15/2049		2,936		3,024,280
2.375%, 11/15/2049-05/15/2051		779		827,698
2.50%, 02/15/2045-05/15/2046		250		269,721
2.75%, 08/15/2042-08/15/2047		490		550,929
2.875%, 05/15/2043-05/15/2049		2,819		3,245,165
3.00%, 05/15/2045-02/15/2049		1,729		2,048,702
3.125%, 11/15/2041-02/15/2043		1,170		1,390,159
3.50%, 02/15/2039		4		4,352
3.625%, 08/15/2043		1,513		1,936,896
3.75%, 08/15/2041-11/15/2043		167		217,266
3.875%, 08/15/2040		119		155,667
4.25%, 05/15/2039		102		138,928
4.375%, 11/15/2039-05/15/2041		523		724,937
4.50%, 08/15/2039		132		185,463
4.75%, 02/15/2037-02/15/2041		475		674,607
5.25%, 11/15/2028		283		359,608
5.375%, 02/15/2031		270		362,225
5.50%, 08/15/2028		573		730,832
6.00%, 02/15/2026		1,181		1,438,794
6.125%, 11/15/2027		303		391,533
6.25%, 08/15/2023-05/15/2030		334		450,333
6.875%, 08/15/2025		355		437,550
7.625%, 02/15/2025		123		151,239
U.S. Treasury Notes 0.25%, 06/30/2025-09/30/2025		4,767		4,671,006
0.375%, 04/30/2025-01/31/2026		3,909		3,835,912
0.50%, 03/31/2025-02/28/2026		915		900,158
0.625%, 05/15/2030-08/15/2030		1,577		1,468,192
0.75%, 04/30/2026-08/31/2026		2,893		2,866,400
0.875%, 09/30/2026-11/15/2030		2,377		2,292,520
1.125%, 02/15/2031		1,168		1,130,211
1.25%, 08/31/2024		825		842,278
1.50%, 09/30/2024-02/15/2030		4,256		4,365,444
1.625%, 11/15/2022-05/15/2031		5,313		5,423,869
1.75%, 05/15/2023-11/15/2029		3,754		3,855,943
1.875%, 08/31/2022-10/31/2022		1,772		1,803,326
2.00%, 11/30/2022-11/15/2026		7,977		8,302,305
2.125%, 11/30/2023-05/15/2025		5,377		5,615,320
2.25%, 04/30/2024-11/15/2027		3,481		3,682,501
2.375%, 08/15/2024-05/15/2029		1,746		1,864,102
2.50%, 08/15/2023-05/15/2024		2,439		2,559,831
2.625%, 02/15/2029		340		370,167
2.75%, 11/15/2023-02/15/2028		1,410		1,487,264
2.875%, 10/31/2023-05/15/2028		947		1,012,492
3.125%, 11/15/2028		688		772,832
Total Governments - Treasuries (cost $76,443,728)				80,582,763

29

	Notional Amount			U.S. $ Value
OPTIONS PURCHASED - PUTS – 0.4%
Options on Equity Indices – 0.4%
Euro STOXX 50 Index Expiration: Sep 2022; Contracts: EUR 920; Exercise Price: EUR 3,200.00; Counterparty: UBS AG(a)		EUR	2,944,000	$	124,084
FTSE 100 Index Expiration: Jun 2022; Contracts: GBP 220; Exercise Price: GBP 5,700.00; Counterparty: UBS AG(a)		GBP	1,254,000		37,728
Nikkei 225 Index Expiration: Sep 2022; Contracts: JPY 13,000; Exercise Price: JPY 23,000.00; Counterparty: UBS AG(a)		JPY	299,000,000		74,137
S&P 500 Index Expiration: Aug 2022; Contracts: USD 7,400; Exercise Price: USD 3,525.00; Counterparty: UBS AG(a)		USD	26,085,000		1,058,300
Total Options Purchased - Puts (premiums paid $1,065,814)					1,294,249
	Shares
RIGHTS – 0.0%
Utilities – 0.0%
Veolia Environnement SA, expiring 10/01/2021(a) (d) (e) (cost $0)			2,971		2,464
SHORT-TERM INVESTMENTS – 0.5%
Investment Companies – 0.5%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(f) (g) (h) (cost $1,573,913)			1,573,913		1,573,913
Total Investments Before Security Lending Collateral for Securities Loaned – 98.2% (cost $202,840,890)					299,602,551
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.2%
Investment Companies – 0.2%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.01%(f) (g) (h) (cost $674,169)			674,169		674,169
Total Investments – 98.4% (cost $203,515,059)(i)					300,276,720
Other assets less liabilities – 1.6%					4,838,911
Net Assets – 100.0%				$	305,115,631

30

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		64		December 2021		$	6,545,764		$	(55,967	)
10 Yr Mini Japan Government Bond Futures		1		December 2021			136,125			(435	)
Euro-Bund Futures		11		December 2021			2,163,821			(5,008	)
Hang Seng Index Futures		3		October 2021			472,545			6,989
Long Gilt Futures		1		December 2021			168,627			(4,528	)
MSCI EAFE Futures		2		December 2021			226,700			(3,374	)
Nikkei 225 (OSE) Futures		2		December 2021			529,404			1,784
S&P 500 E-Mini Futures		90		December 2021			19,339,875			(777,606	)
S&P TSX 60 Index Futures		27		December 2021			5,099,432			(152,535	)
U.S. T-Note 10 Yr (CBT) Futures		471		December 2021			61,988,016			(674,033	)
Sold Contracts
Euro STOXX 50 Index Futures		233		December 2021			10,925,371			328,930
FTSE 100 Index Futures		75		December 2021			7,148,127			(23,238	)
MSCI Singapore IX ETS Futures		12		October 2021			312,417			212
OMXS 30 Index Futures		22		October 2021			566,247			23,344
SPI 200 Futures		47		December 2021			6,195,156			63,260
TOPIX Index Futures		40		December 2021			7,297,722			(8,004	)
									$	(1,280,209	)

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		EUR	7,143		USD	8,486		11/08/2021	$	206,473
Barclays Bank PLC		SEK	7,685		USD	891		10/13/2021		13,013
Barclays Bank PLC		CHF	1,252		USD	1,369		10/28/2021		25,005
Barclays Bank PLC		EUR	5,385		USD	6,366		11/08/2021		124,241
Barclays Bank PLC		AUD	1,739		USD	1,272		11/09/2021		14,807
Barclays Bank PLC		GBP	2,032		USD	2,795		11/10/2021		56,649
Barclays Bank PLC		JPY	401,515		USD	3,652		11/17/2021		43,259
BNP Paribas SA		USD	2,245		SEK	19,529		10/13/2021		(14,476	)
BNP Paribas SA		EUR	5,996		USD	7,092		11/08/2021		141,605
BNP Paribas SA		USD	2,830		EUR	2,412		11/08/2021		(33,900	)
BNP Paribas SA		GBP	1,421		USD	1,955		11/10/2021		40,781
BNP Paribas SA		USD	1,804		GBP	1,305		11/10/2021		(46,070	)
Citibank, NA		USD	940		SEK	8,134		10/13/2021		(10,732	)
Citibank, NA		CHF	4,829		USD	5,350		10/28/2021		165,581
Goldman Sachs Bank USA		SEK	49,377		USD	5,634		10/13/2021		(6,412	)
Goldman Sachs Bank USA		USD	1,446		NOK	12,737		10/13/2021		11,188
Goldman Sachs Bank USA		USD	1,633		SEK	14,091		10/13/2021		(22,872	)
Goldman Sachs Bank USA		USD	1,119		CHF	1,040		10/28/2021		(2,418	)
Goldman Sachs Bank USA		EUR	3,463		USD	4,080		11/08/2021		65,849
Goldman Sachs Bank USA		USD	3,401		EUR	2,935		11/08/2021		691
Goldman Sachs Bank USA		USD	5,896		EUR	5,049		11/08/2021		(43,074	)

31

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
JPMorgan Chase Bank, NA		NOK	8,331		USD	938		10/13/2021	$	(15,046	)
Morgan Stanley Capital Services, Inc.		NOK	19,477		USD	2,246		10/13/2021		17,909
Morgan Stanley Capital Services, Inc.		USD	2,921		NOK	25,776		10/13/2021		27,877
Morgan Stanley Capital Services, Inc.		CHF	3,256		USD	3,527		10/28/2021		31,136
Morgan Stanley Capital Services, Inc.		USD	1,416		CHF	1,293		10/28/2021		(27,871	)
Morgan Stanley Capital Services, Inc.		USD	6,280		EUR	5,299		11/08/2021		(137,885	)
Morgan Stanley Capital Services, Inc.		AUD	5,046		USD	3,641		11/09/2021		(7,583	)
Morgan Stanley Capital Services, Inc.		GBP	4,731		USD	6,480		11/10/2021		106,140
Morgan Stanley Capital Services, Inc.		USD	2,629		GBP	1,951		11/10/2021		(649	)
Morgan Stanley Capital Services, Inc.		JPY	254,498		USD	2,315		11/17/2021		28,121
Morgan Stanley Capital Services, Inc.		USD	1,252		JPY	139,414		11/17/2021		1,054
Morgan Stanley Capital Services, Inc.		USD	8,700		JPY	957,541		11/17/2021		(93,910	)
Morgan Stanley Capital Services, Inc.		CAD	1,079		USD	851		11/19/2021		(873	)
Morgan Stanley Capital Services, Inc.		USD	3,900		CAD	4,991		11/19/2021		40,302
Morgan Stanley Capital Services, Inc.		USD	1,017		CAD	1,288		11/19/2021		(446	)
Societe Generale		USD	864		SEK	7,434		10/13/2021		(14,561	)
State Street Bank & Trust Co.		NOK	6,173		USD	696		10/13/2021		(9,757	)
State Street Bank & Trust Co.		SEK	5,405		USD	623		10/13/2021		5,353
State Street Bank & Trust Co.		NZD	639		USD	448		10/15/2021		7,539
State Street Bank & Trust Co.		USD	261		NZD	374		10/15/2021		(2,396	)
State Street Bank & Trust Co.		JPY	1,098,718		USD	10,002		11/17/2021		127,189
State Street Bank & Trust Co.		USD	475		JPY	52,125		11/17/2021		(6,290	)
									$	804,541

(a) Non-income producing security.

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

(c) Security is exempt from registration under Rule 144A or Regulation S of the Securities Act of 1933. These securities are considered restricted, but liquid and may be resold in transactions exempt from registration. At September 30, 2021, the aggregate market value of these securities amounted to $1,818,897 or 0.6% of net assets.

(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, or call 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, 2021, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $102,910,378 and gross unrealized depreciation of investments was $(6,624,385), resulting in net unrealized appreciation of $96,285,993.

32

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

EAFE – Europe, Australia, and Far East

ETS – Emission Trading Scheme

FTSE – Financial Times Stock Exchange

GDR – Global Depositary Receipt

MSCI – Morgan Stanley Capital International

OMXS – Stockholm Stock Exchange

OSE – Osaka Securities Exchange

REG – Registered Shares

REIT – Real Estate Investment Trust

SPI – Share Price Index

TOPIX – Tokyo Price Index

TSX – Toronto Stock Exchange

COUNTRY BREAKDOWN¹

September 30, 2021 (unaudited)

68.8	%	United States
7.5	%	Japan
4.3	%	United Kingdom
3.2	%	France
2.9	%	Switzerland
2.8	%	Germany
2.3	%	Australia
1.4	%	Netherlands
1.1	%	Sweden
0.8	%	Denmark
0.8	%	Hong Kong
0.8	%	Spain
0.6	%	Italy
2.2	%	Other
0.5	%	Short-Term
100.0	%	Total Investments

1 All data are as of September 30, 2021. The Fund’s country breakdown is expressed as a percentage of total investments (excluding security lending collateral) and may vary over time. “Other” country weightings represent 0.4% or less in the following: Austria, Belgium, Brazil, Chile, China, Finland, Ireland, Israel, Jordan, Luxembourg, Macau, New Zealand, Norway, Poland, Portugal, Russia, Singapore, South Africa and Taiwan.

33

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

September 30, 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. 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.

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

The following table summarizes the valuation of the Portfolio’s investments by the above fair value hierarchy levels as of September 30, 2021:

Investments in Securities:	Level 1			Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	34,319,481		$	8,852,592		$	—	$	43,172,073
Financials		14,359,766			15,680,631			—		30,040,397
Health Care		16,774,451			11,327,892			—		28,102,343
Consumer Discretionary		15,309,341			11,757,028			—		27,066,369
Industrials		10,167,379			14,036,626			—		24,204,005
Communication Services		14,597,892			3,956,195			—		18,554,087
Consumer Staples		7,736,417			8,867,464			—		16,603,881
Materials		3,106,356			6,678,495			—		9,784,851
Energy		3,381,099			3,195,956			—		6,577,055
Real Estate		3,469,274			2,584,400			—		6,053,674
Utilities		3,183,705			2,806,722			—		5,990,427
Governments - Treasuries		—			80,582,763			—		80,582,763
Options Purchased - Puts		—			1,294,249			—		1,294,249
Rights		—			—			2,464		2,464
Short-Term Investments		1,573,913			—			—		1,573,913
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		674,169			—			—		674,169
Total Investments in Securities		128,653,243			171,621,013			2,464		300,276,720
Other Financial Instruments(a):
Assets:
Futures		424,519			—			—		424,519
Forward Currency Exchange Contracts		—			1,301,762			—		1,301,762
Liabilities:
Futures		(1,704,728	)		—			—		(1,704,728	)
Forward Currency Exchange Contracts		—			(497,221	)		—		(497,221	)
Total	$	127,373,034		$	172,425,554		$	2,464	$	299,801,052

^(a) Other financial instruments are derivative instruments, such as futures, forwards and swaps, which are valued at the unrealized appreciation/(depreciation) on the instrument. Other financial instruments may also include swaps with upfront premiums, options written and swaptions written which are valued at market value.

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A summary of the Portfolio’s transactions in AB mutual funds for the nine months ended September 30, 2021 is as follows:

Fund	Market Value 12/31/2020 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 09/30/2021 (000)		Dividend Income (000)
Government Money Market Portfolio	$	4,201	$	327,174	$	329,801	$	1,574	$	1
Government Money Market Portfolio*		67		54,519		53,912		674		0	**
Total	$	4,268	$	381,693	$	383,713	$	2,248	$	1

* Investments of cash collateral for securities lending transactions.

** Amount less than $500.

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