AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

Portfolio of Investments

March 31, 2022 (unaudited)

Company	Shares		U.S. $ Value
COMMON STOCKS – 62.6%
Information Technology – 14.1%
Communications Equipment – 0.4%
Arista Networks, Inc.(a)		679	$	94,367
Cisco Systems, Inc.		12,443		693,822
F5, Inc.(a)		181		37,820
Juniper Networks, Inc.		960		35,674
Motorola Solutions, Inc.		498		120,615
Nokia Oyj		15,914		87,639
Telefonaktiebolaget LM Ericsson - Class B(b)		8,615		78,530
				1,148,467
Electronic Equipment, Instruments & Components – 0.6%
Amphenol Corp. - Class A		1,760		132,616
Arrow Electronics, Inc.(a)		205		24,319
Azbil Corp.		399		13,243
CDW Corp./DE		401		71,735
Cognex Corp.		522		40,272
Corning, Inc.		2,393		88,326
Halma PLC		1,121		36,676
Hamamatsu Photonics KK		449		23,848
Hexagon AB		5,745		80,492
Hirose Electric Co., Ltd.		89		12,901
Ibiden Co., Ltd.		341		16,624
IPG Photonics Corp.(a)		110		12,074
Keyence Corp.		624		289,350
Keysight Technologies, Inc.(a)		544		85,936
Kyocera Corp.		959		53,665
Murata Manufacturing Co., Ltd.		1,717		113,103
Omron Corp.		553		36,801
Shimadzu Corp.		678		23,319
TDK Corp.		1,162		41,922
TE Connectivity Ltd.		963		126,134
Teledyne Technologies, Inc.(a)		138		65,223
Trimble, Inc.(a)		741		53,456
Venture Corp. Ltd.		462		5,954
Yaskawa Electric Corp.		738		28,763
Yokogawa Electric Corp.		634		10,802
Zebra Technologies Corp. - Class A(a)		158		65,365
				1,552,919
IT Services – 2.3%
Accenture PLC - Class A		1,864		628,597
Adyen NV(a) (b) (c)		59		116,861
Affirm Holdings, Inc.(a) (b)		491		22,723
Akamai Technologies, Inc.(a)		480		57,307
Amadeus IT Group SA - Class A(a)		1,330		86,474
Automatic Data Processing, Inc.		1,243		282,832
Bechtle AG		242		13,625
Black Knight, Inc.(a)		458		26,559
Block, Inc. - Class A(a)		1,499		203,264
Broadridge Financial Solutions, Inc.		344		53,564
Capgemini SE		473		104,960
CGI, Inc.(a)		645		51,382
Cognizant Technology Solutions Corp. - Class A		1,550		138,988

1

Company	Shares		U.S. $ Value
Computershare Ltd.		1,603	$	29,462
Edenred		737		36,441
EPAM Systems, Inc.(a)		167		49,534
Fidelity National Information Services, Inc.		1,797		180,455
Fiserv, Inc.(a)		1,753		177,754
FleetCor Technologies, Inc.(a)		228		56,786
Fujitsu Ltd.		551		82,554
Gartner, Inc.(a)		243		72,283
Global Payments, Inc.		856		117,135
GMO Payment Gateway, Inc.		164		16,708
GoDaddy, Inc. - Class A(a)		491		41,097
International Business Machines Corp.		2,646		344,033
Itochu Techno-Solutions Corp.(b)		255		6,514
Jack Henry & Associates, Inc.		219		43,154
Mastercard, Inc. - Class A		2,588		924,899
MongoDB, Inc.(a)		176		78,072
NEC Corp.		709		29,786
Nexi SpA(a) (b) (c)		1,546		17,840
Nomura Research Institute Ltd.		954		31,126
NTT Data Corp.		1,822		35,806
Nuvei Corp.(a) (b) (c)		197		14,813
Obic Co., Ltd.		221		33,101
Okta, Inc.(a)		436		65,818
Otsuka Corp.		330		11,701
Paychex, Inc.		958		130,738
PayPal Holdings, Inc.(a)		3,293		380,835
SCSK Corp.		492		8,413
Shopify, Inc. - Class A(a)		335		226,559
Snowflake, Inc.(a)		622		142,519
TIS, Inc.		594		13,901
Twilio, Inc. - Class A(a)		497		81,911
VeriSign, Inc.(a)		295		65,626
Visa, Inc. - Class A(b)		4,926		1,092,439
Western Union Co. (The) - Class W		1,186		22,226
Wix.com Ltd.(a)		168		17,549
Worldline SA/France(a) (c)		704		30,554
				6,497,278
Semiconductors & Semiconductor Equipment – 3.1%
Advanced Micro Devices, Inc.(a)		4,823		527,347
Advantest Corp.(b)		577		45,049
Analog Devices, Inc.		1,583		261,480
Applied Materials, Inc.		2,664		351,115
ASM International NV		138		50,250
ASML Holding NV		1,219		814,562
Broadcom, Inc.		1,206		759,394
Disco Corp.		56		15,660
Enphase Energy, Inc.(a)		378		76,273
Entegris, Inc.		400		52,504
Infineon Technologies AG		3,853		130,347
Intel Corp.		11,999		594,670
KLA Corp.		447		163,629
Lam Research Corp.		416		223,646
Lasertec Corp.(b)		271		45,085
Marvell Technology, Inc.		2,430		174,255

2

Company	Shares		U.S. $ Value
Microchip Technology, Inc.		1,637	$	123,004
Micron Technology, Inc.		3,301		257,115
Monolithic Power Systems, Inc.		129		62,653
NVIDIA Corp.		7,376		2,012,615
NXP Semiconductors NV		785		145,288
ON Semiconductor Corp.(a)		1,272		79,640
Qorvo, Inc.(a)		325		40,332
QUALCOMM, Inc.		3,304		504,917
Renesas Electronics Corp.(a)		3,717		43,069
Rohm Co., Ltd.		279		21,661
Skyworks Solutions, Inc.		488		65,041
SolarEdge Technologies, Inc.(a) (b)		155		49,967
STMicroelectronics NV		2,013		87,493
SUMCO Corp.		934		15,285
Teradyne, Inc.		481		56,869
Texas Instruments, Inc.		2,725		499,983
Tokyo Electron Ltd.		430		220,831
				8,571,029
Software – 4.4%
Adobe, Inc.(a)		1,404		639,690
ANSYS, Inc.(a)		258		81,954
Asana, Inc.(a) (b)		196		7,834
Autodesk, Inc.(a)		649		139,113
Avalara, Inc.(a)		256		25,475
AVEVA Group PLC		356		11,371
Bentley Systems, Inc.		519		22,929
Bill.com Holdings, Inc.(a) (b)		227		51,481
BlackBerry Ltd.(a)		1,589		11,783
Cadence Design Systems, Inc.(a)		818		134,528
Ceridian HCM Holding, Inc.(a)		402		27,481
Check Point Software Technologies Ltd.(a)		314		43,414
Citrix Systems, Inc.		368		37,131
Cloudflare, Inc. - Class A(a)		768		91,930
Coinbase Global, Inc.(a)		115		21,834
Constellation Software, Inc./Canada		59		100,854
Coupa Software, Inc.(a)		219		22,257
Crowdstrike Holdings, Inc. - Class A(a) (b)		577		131,025
CyberArk Software Ltd.(a)		117		19,744
Dassault Systemes SE		1,962		96,390
Datadog, Inc. - Class A(a)		645		97,698
DocuSign, Inc.(a)		581		62,237
Dropbox, Inc. - Class A(a)		914		21,251
Fair Isaac Corp.(a)		81		37,783
Fortinet, Inc.(a)		410		140,113
Guidewire Software, Inc.(a)		234		22,141
HubSpot, Inc.(a)		132		62,692
Intuit, Inc.		794		381,787
Lightspeed Commerce, Inc.(a) (b)		327		9,974
Microsoft Corp.		21,042		6,487,459
Nemetschek SE		170		16,326
Nice Ltd.(a)		186		40,683
NortonLifeLock, Inc.		1,717		45,535

3

Company	Shares		U.S. $ Value
Open Text Corp.		802	$	34,007
Oracle Corp.		4,839		400,330
Oracle Corp., Japan		142		9,840
Palantir Technologies, Inc.(a) (b)		4,784		65,684
Palo Alto Networks, Inc.(a) (b)		291		181,150
Paycom Software, Inc.(a)		151		52,303
PTC, Inc.(a)		330		35,548
RingCentral, Inc. - Class A(a)		230		26,958
Sage Group PLC (The)		3,019		27,662
salesforce.com, Inc.(a)		2,888		613,180
SAP SE		3,081		341,461
ServiceNow, Inc.(a)		587		326,894
Sinch AB(a) (b) (c)		1,544		10,472
Splunk, Inc.(a)		477		70,887
SS&C Technologies Holdings, Inc.		675		50,639
Synopsys, Inc.(a)		450		149,972
Temenos AG		198		19,046
Trade Desk, Inc. (The) - Class A(a)		1,287		89,125
Trend Micro, Inc./Japan		389		22,717
Tyler Technologies, Inc.(a)		121		53,832
Unity Software, Inc.(a) (b)		169		16,767
VMware, Inc. - Class A		619		70,486
WiseTech Global Ltd.		432		16,260
Workday, Inc. - Class A(a)		570		136,492
Xero Ltd.(a)		395		29,936
Zendesk, Inc.(a)		357		42,944
Zoom Video Communications, Inc. - Class A(a)		644		75,496
Zscaler, Inc.(a) (b)		248		59,837
				12,173,822
Technology Hardware, Storage & Peripherals – 3.3%
Apple, Inc.		48,402		8,451,473
Brother Industries Ltd.(b)		685		12,457
Canon, Inc.(b)		2,911		70,953
Dell Technologies, Inc. - Class C(a)		858		43,063
FUJIFILM Holdings Corp.		1,109		67,693
Hewlett Packard Enterprise Co.		3,861		64,518
HP, Inc.		3,401		123,456
Logitech International SA		511		37,984
NetApp, Inc.		660		54,780
Ricoh Co., Ltd.(b)		1,972		17,077
Seagate Technology Holdings PLC		587		52,771
Seiko Epson Corp.(b)		792		11,898
Western Digital Corp.(a)		920		45,678
				9,053,801
				38,997,316
Financials – 8.5%
Banks – 3.6%
ABN AMRO Bank NV (GDR)(b) (c)		1,248		15,937
Australia & New Zealand Banking Group Ltd.		8,319		170,465
Banco Bilbao Vizcaya Argentaria SA(b)		19,674		112,337

4

Company	Shares		U.S. $ Value
Banco Santander SA		51,171	$	173,978
Bank Hapoalim BM		3,352		33,187
Bank Leumi Le-Israel BM		4,289		46,204
Bank of America Corp.		21,731		895,752
Bank of Montreal		1,909		224,639
Bank of Nova Scotia (The)		3,586		257,014
Barclays PLC		49,442		95,842
BNP Paribas SA		3,319		189,663
BOC Hong Kong Holdings Ltd.		11,031		41,507
CaixaBank SA		13,086		44,386
Canadian Imperial Bank of Commerce(b)		1,328		161,200
Chiba Bank Ltd. (The)(b)		1,614		9,490
Citigroup, Inc.		5,854		312,604
Citizens Financial Group, Inc.		1,258		57,025
Commerzbank AG(a)		2,956		22,462
Commonwealth Bank of Australia		5,034		396,439
Concordia Financial Group Ltd.		3,221		11,987
Credit Agricole SA		3,651		43,624
Danske Bank A/S		2,035		33,852
DBS Group Holdings Ltd.		5,175		135,596
DNB Bank ASA		2,746		62,084
Erste Group Bank AG		1,015		37,014
Fifth Third Bancorp		2,018		86,855
FinecoBank Banca Fineco SpA		1,800		27,306
First Citizens BancShares, Inc./NC - Class A		35		23,296
First Republic Bank/CA		522		84,616
Hang Seng Bank Ltd.		2,305		44,331
HSBC Holdings PLC		60,033		410,059
Huntington Bancshares, Inc./OH		4,270		62,427
ING Groep NV		11,519		120,269
Intesa Sanpaolo SpA		48,730		111,532
Israel Discount Bank Ltd. - Class A		3,419		21,263
Japan Post Bank Co., Ltd.(b)		1,218		9,782
JPMorgan Chase & Co.		8,719		1,188,574
KBC Group NV		738		52,951
KeyCorp		2,748		61,500
Lloyds Banking Group PLC		209,511		127,585
M&T Bank Corp.		380		64,410
Mediobanca Banca di Credito Finanziario SpA		1,833		18,523
Mitsubishi UFJ Financial Group, Inc.		35,287		218,114
Mizrahi Tefahot Bank Ltd.		416		16,246
Mizuho Financial Group, Inc.		7,154		91,252
National Australia Bank Ltd.		9,657		232,491
National Bank of Canada(b)		997		76,425
NatWest Group PLC		16,693		47,147
Nordea Bank Abp(b)		9,459		97,352
Oversea-Chinese Banking Corp., Ltd.(b)		10,327		93,685
PNC Financial Services Group, Inc. (The)		1,247		230,009
Raiffeisen Bank International AG		437		6,204
Regions Financial Corp.		2,814		62,640
Resona Holdings, Inc.		6,122		26,076
Royal Bank of Canada		4,205		462,965
Shizuoka Bank Ltd. (The)(b)		1,294		9,082
Signature Bank/New York NY		179		52,535
Skandinaviska Enskilda Banken AB - Class A(b)		4,804		51,935
Societe Generale SA		2,393		64,150
Standard Chartered PLC		7,725		51,279
Sumitomo Mitsui Financial Group, Inc.		3,833		121,078

5

Company	Shares		U.S. $ Value
Sumitomo Mitsui Trust Holdings, Inc.(b)		1,017	$	33,098
SVB Financial Group(a)		173		96,785
Svenska Handelsbanken AB - Class A(b)		4,305		39,586
Swedbank AB - Class A(b)		2,673		39,923
Toronto-Dominion Bank (The)		5,377		426,625
Truist Financial Corp.		3,939		223,341
UniCredit SpA		6,242		67,337
United Overseas Bank Ltd.(b)		3,692		86,385
US Bancorp		4,157		220,945
Webster Financial Corp.		531		29,800
Wells Fargo & Co.		11,764		570,083
Westpac Banking Corp.		10,826		195,589
				10,139,729
Capital Markets – 1.9%
3i Group PLC		2,873		51,951
Abrdn PLC		6,435		18,019
Ameriprise Financial, Inc.		330		99,119
Amundi SA(c)		180		12,309
ASX Ltd.(b)		571		34,734
Bank of New York Mellon Corp. (The)		2,315		114,893
BlackRock, Inc. - Class A		448		342,348
Blackstone Group, Inc.		2,027		257,307
Brookfield Asset Management, Inc. - Class A (Canada)		4,165		235,478
Carlyle Group, Inc. (The)		473		23,134
Cboe Global Markets, Inc.		315		36,042
Charles Schwab Corp. (The)		4,275		360,425
CME Group, Inc. - Class A		1,060		252,132
Credit Suisse Group AG		7,824		61,591
Daiwa Securities Group, Inc.(b)		4,263		24,115
Deutsche Bank AG(a)		6,100		76,825
Deutsche Boerse AG		561		100,986
EQT AB(b)		873		34,045
Euronext NV(c)		253		22,984
FactSet Research Systems, Inc.		111		48,191
Franklin Resources, Inc.		888		24,793
Futu Holdings Ltd. (ADR)(a) (b)		150		4,884
Goldman Sachs Group, Inc. (The)		985		325,149
Hargreaves Lansdown PLC		1,050		13,840
Hong Kong Exchanges & Clearing Ltd.		3,590		168,275
IGM Financial, Inc.		247		8,727
Intercontinental Exchange, Inc.		1,663		219,716
Invesco Ltd.		1,021		23,544
Japan Exchange Group, Inc.		1,488		27,629
Julius Baer Group Ltd.		653		37,805
KKR & Co., Inc.		1,554		90,862
London Stock Exchange Group PLC		971		101,256
Macquarie Group Ltd.		1,000		151,234
MarketAxess Holdings, Inc.		112		38,102
Moody’s Corp.		494		166,681
Morgan Stanley		3,971		347,065
MSCI, Inc. - Class A		243		122,200
Nasdaq, Inc.		346		61,657
Nomura Holdings, Inc.		9,021		37,940
Northern Trust Corp.		582		67,774
Onex Corp.		220		14,744

6

Company	Shares		U.S. $ Value
Partners Group Holding AG		67	$	82,960
Raymond James Financial, Inc.		547		60,121
Robinhood Markets, Inc.(a) (b)		538		7,268
S&P Global, Inc.		1,045		428,638
SBI Holdings, Inc./Japan(b)		695		17,535
Schroders PLC		367		15,454
SEI Investments Co.		350		21,074
Singapore Exchange Ltd.(b)		2,635		19,310
St. James’s Place PLC		1,594		30,052
State Street Corp.		1,079		94,002
T. Rowe Price Group, Inc.		663		100,239
TMX Group Ltd.		165		16,971
Tradeweb Markets, Inc. - Class A		310		27,240
UBS Group AG		10,379		202,819
				5,384,188
Consumer Finance – 0.3%
Ally Financial, Inc.		1,076		46,785
American Express Co.		1,942		363,154
Capital One Financial Corp.		1,256		164,900
Discover Financial Services		865		95,314
SoFi Technologies, Inc.(a) (b)		1,548		14,629
Synchrony Financial		1,615		56,218
Upstart Holdings, Inc.(a)		121		13,200
				754,200
Diversified Financial Services – 0.7%
Apollo Global Management, Inc.		1,062		65,833
Berkshire Hathaway, Inc. - Class B(a)		3,846		1,357,292
Equitable Holdings, Inc.		1,075		33,228
EXOR NV		320		24,326
Groupe Bruxelles Lambert SA		323		33,423
Industrivarden AB		385		10,919
Industrivarden AB - Class C		480		13,379
Investor AB		6,848		151,063
Kinnevik AB(a)		715		18,644
L E Lundbergforetagen AB - Class B		224		11,369
M&G PLC		7,672		22,106
Mitsubishi HC Capital, Inc.		1,923		8,935
ORIX Corp.		3,631		72,375
Sofina SA		45		16,352
Tokyo Century Corp.(b)		140		5,133
Wendel SE		79		8,045
				1,852,422
Insurance – 2.0%
Admiral Group PLC		575		19,282
Aegon NV(b)		5,283		28,006
Aflac, Inc.		1,854		119,379
Ageas SA/NV		507		25,630
AIA Group Ltd.		35,637		372,117
Alleghany Corp.(a)		40		33,880
Allianz SE		1,205		287,764
Allstate Corp. (The)		846		117,179
American Financial Group, Inc./OH		213		31,017
American International Group, Inc.		2,450		153,786
Aon PLC		650		211,659

7

Company	Shares		U.S. $ Value
Arch Capital Group Ltd.(a)		1,140	$	55,199
Arthur J Gallagher & Co.		612		106,855
Assicurazioni Generali SpA		3,267		74,723
Assurant, Inc.		168		30,547
Aviva PLC		11,188		66,198
AXA SA		5,745		168,181
Baloise Holding AG		135		24,111
Brown & Brown, Inc.		709		51,239
Chubb Ltd.		1,271		271,867
Cincinnati Financial Corp.		452		61,454
CNP Assurances		507		12,206
Dai-ichi Life Holdings, Inc.		3,013		61,227
Erie Indemnity Co. - Class A		75		13,210
Everest Re Group Ltd.		116		34,960
Fairfax Financial Holdings Ltd.		74		40,371
Fidelity National Financial, Inc.		798		38,974
Gjensidige Forsikring ASA		590		14,630
Globe Life, Inc.		283		28,470
Great-West Lifeco, Inc.		824		24,282
Hannover Rueck SE		178		30,238
Hartford Financial Services Group, Inc. (The)		1,005		72,169
iA Financial Corp., Inc.		318		19,335
Insurance Australia Group Ltd.(b)		7,274		23,806
Intact Financial Corp.		520		76,834
Japan Post Holdings Co., Ltd.		7,267		53,371
Japan Post Insurance Co., Ltd.		592		10,310
Legal & General Group PLC		17,622		62,477
Lincoln National Corp.		507		33,138
Loews Corp.		636		41,225
Manulife Financial Corp.		5,731		122,216
Markel Corp.(a)		40		59,010
Marsh & McLennan Cos., Inc.		1,490		253,926
Medibank Pvt Ltd.		8,126		18,670
MetLife, Inc.		2,110		148,291
MS&AD Insurance Group Holdings, Inc.		1,292		41,949
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen		413		110,411
NN Group NV		798		40,442
Phoenix Group Holdings PLC		2,064		16,537
Poste Italiane SpA(c)		1,542		17,487
Power Corp., of Canada(b)		1,653		51,171
Principal Financial Group, Inc.		782		57,407
Progressive Corp. (The)		1,726		196,747
Prudential Financial, Inc.		1,115		131,760
Prudential PLC		8,103		119,627
QBE Insurance Group Ltd.		4,357		37,363
Sampo Oyj - Class A		1,472		71,928
Sompo Holdings, Inc.		891		39,151
Sun Life Financial, Inc.(b)		1,729		96,536
Suncorp Group Ltd.		3,726		30,887
Swiss Life Holding AG		93		59,595
Swiss Re AG		890		84,723
T&D Holdings, Inc.		1,596		21,670
Tokio Marine Holdings, Inc.		1,804		104,981
Travelers Cos., Inc. (The)		726		132,662
Tryg A/S		1,063		25,846
W R Berkley Corp.		626		41,652
Willis Towers Watson PLC		368		86,929

8

Company	Shares		U.S. $ Value
Zurich Insurance Group AG		444	$	219,291
				5,440,171
Mortgage Real Estate Investment Trusts (REITs) – 0.0%
AGNC Investment Corp.		1,549		20,292
Annaly Capital Management, Inc.(b)		4,279		30,124
				50,416
				23,621,126
Health Care – 8.0%
Biotechnology – 1.0%
AbbVie, Inc.		5,216		845,566
Alnylam Pharmaceuticals, Inc.(a)		353		57,641
Amgen, Inc.		1,662		401,905
Argenx SE(a)		135		42,238
Biogen, Inc.(a)		433		91,190
BioMarin Pharmaceutical, Inc.(a)		542		41,788
CSL Ltd.		1,412		281,895
Exact Sciences Corp.(a) (b)		509		35,589
Genmab A/S(a)		194		70,064
Gilead Sciences, Inc.		3,702		220,084
Grifols SA(b)		880		15,973
Horizon Therapeutics PLC(a)		636		66,914
Incyte Corp.(a)		554		43,999
Moderna, Inc.(a)		1,017		175,188
Neurocrine Biosciences, Inc.(a)		280		26,250
Novavax, Inc.(a)		212		15,614
Regeneron Pharmaceuticals, Inc.(a)		312		217,907
Seagen, Inc.(a)		405		58,340
Vertex Pharmaceuticals, Inc.(a)		750		195,727
				2,903,872
Health Care Equipment & Supplies – 1.6%
Abbott Laboratories		5,217		617,484
ABIOMED, Inc.(a)		134		44,386
Alcon, Inc.		1,474		116,779
Align Technology, Inc.(a)		221		96,356
Ambu A/S		494		7,272
Asahi Intecc Co., Ltd.(b)		641		12,505
Avantor, Inc.(a)		1,619		54,755
Baxter International, Inc.		1,477		114,527
Becton Dickinson and Co.		838		222,908
BioMerieux		122		13,021
Boston Scientific Corp.(a)		4,205		186,239
Carl Zeiss Meditec AG		119		19,168
Cochlear Ltd.(b)		194		32,390
Coloplast A/S - Class B		351		53,155
Cooper Cos., Inc. (The)		146		60,968
Demant A/S(a)		319		14,436
DENTSPLY SIRONA, Inc.		645		31,747
DexCom, Inc.(a)		286		146,318
DiaSorin SpA		74		11,558

9

Company	Shares		U.S. $ Value
Edwards Lifesciences Corp.(a)		1,842	$	216,840
Fisher & Paykel Healthcare Corp., Ltd.		1,703		28,577
Getinge AB - Class B		675		26,891
GN Store Nord AS		367		17,989
Hologic, Inc.(a)		742		57,000
Hoya Corp.		1,048		119,428
IDEXX Laboratories, Inc.(a)		250		136,765
Inmode Ltd.(a)		146		5,389
Insulet Corp.(a)		204		54,344
Intuitive Surgical, Inc.(a)		1,053		317,669
Koninklijke Philips NV		2,708		82,577
Masimo Corp.(a)		155		22,559
Medtronic PLC		3,968		440,250
Novocure Ltd.(a) (b)		276		22,867
Olympus Corp.		3,280		62,164
ResMed, Inc.		430		104,279
Sartorius AG (Preference Shares)		77		33,983
Siemens Healthineers AG(c)		832		51,560
Smith & Nephew PLC		2,595		41,273
Sonova Holding AG		158		66,003
STERIS PLC		295		71,322
Straumann Holding AG		31		49,497
Stryker Corp.		1,002		267,885
Sysmex Corp.		491		35,562
Teleflex, Inc.		138		48,967
Terumo Corp.		1,951		59,034
Zimmer Biomet Holdings, Inc.		613		78,403
				4,375,049
Health Care Providers & Services – 1.3%
AmerisourceBergen Corp. - Class A		461		71,321
Amplifon SpA(b)		367		16,333
Anthem, Inc.		716		351,714
Cardinal Health, Inc.		832		47,174
Centene Corp.(a)		1,722		144,975
Cigna Corp.		978		234,339
CVS Health Corp.		3,895		394,213
DaVita, Inc.(a)		195		22,056
Fresenius Medical Care AG & Co. KGaA		605		40,542
Fresenius SE & Co. KGaA		1,236		45,382
HCA Healthcare, Inc.		734		183,955
Henry Schein, Inc.(a)		409		35,661
Humana, Inc.		379		164,929
Laboratory Corp. of America Holdings(a)		282		74,352
McKesson Corp.		451		138,065
Medipal Holdings Corp.		533		8,770
Molina Healthcare, Inc.(a)		172		57,377
Orpea SA		153		6,639
Quest Diagnostics, Inc.		362		49,543
Ramsay Health Care Ltd.		540		26,153
Ryman Healthcare Ltd.		1,254		8,117
Sonic Healthcare Ltd.		1,345		35,511
UnitedHealth Group, Inc.		2,779		1,417,207
Universal Health Services, Inc. - Class B		216		31,309
				3,605,637

10

Company	Shares		U.S. $ Value
Health Care Technology – 0.1%
Cerner Corp.		868	$	81,210
M3, Inc.(b)		1,330		48,034
Teladoc Health, Inc.(a) (b)		425		30,656
Veeva Systems, Inc. - Class A(a)		409		86,896
				246,796
Life Sciences Tools & Services – 0.8%
10X Genomics, Inc.(a) (b)		230		17,496
Agilent Technologies, Inc.		891		117,906
Bachem Holding AG		18		9,906
Bio-Rad Laboratories, Inc. - Class A(a)		66		37,173
Bio-Techne Corp.		116		50,233
Charles River Laboratories International, Inc.(a)		149		42,312
Danaher Corp.		1,897		556,447
Eurofins Scientific SE		397		39,272
Illumina, Inc.(a)		438		153,037
IQVIA Holdings, Inc.(a)		564		130,402
Lonza Group AG		220		159,413
Mettler-Toledo International, Inc.(a)		68		93,377
PerkinElmer, Inc.		335		58,444
QIAGEN NV(a)		681		33,417
Sartorius Stedim Biotech		82		33,572
Thermo Fisher Scientific, Inc.		1,163		686,926
Waters Corp.(a)		180		55,870
West Pharmaceutical Services, Inc.		219		89,945
				2,365,148
Pharmaceuticals – 3.2%
Astellas Pharma, Inc.		5,485		85,702
AstraZeneca PLC		4,571		606,174
Bausch Health Cos., Inc.(a) (b)		901		20,584
Bayer AG		2,899		198,289
Bristol-Myers Squibb Co.		6,549		478,273
Canopy Growth Corp.(a) (b)		697		5,285
Catalent, Inc.(a)		505		56,005
Chugai Pharmaceutical Co., Ltd.		1,983		66,170
Daiichi Sankyo Co., Ltd.		5,158		112,635
Eisai Co., Ltd.(b)		745		34,515
Elanco Animal Health, Inc.(a)		1,257		32,795
Eli Lilly & Co.		2,399		687,002
GlaxoSmithKline PLC		14,846		321,222
Hikma Pharmaceuticals PLC		512		13,813
Ipsen SA		111		13,894
Jazz Pharmaceuticals PLC(a)		181		28,176
Johnson & Johnson		7,767		1,376,545
Kyowa Kirin Co., Ltd.		805		18,727
Merck & Co., Inc.		7,452		611,437
Merck KGaA		381		79,566
Nippon Shinyaku Co., Ltd.		106		7,207
Novartis AG		6,464		567,484
Novo Nordisk A/S - Class B		4,968		551,031
Ono Pharmaceutical Co., Ltd.		1,094		27,422
Orion Oyj - Class B(b)		313		14,215
Otsuka Holdings Co., Ltd.		1,178		40,697

11

Company	Shares		U.S. $ Value
Pfizer, Inc.		16,560	$	857,311
Recordati Industria Chimica e Farmaceutica SpA		309		15,493
Roche Holding AG		2,167		861,318
Royalty Pharma PLC(b)		1,014		39,505
Sanofi		3,355		343,014
Santen Pharmaceutical Co., Ltd.		1,108		11,078
Shionogi & Co., Ltd.		759		46,636
Sumitomo Dainippon Pharma Co., Ltd.(b)		495		4,884
Taisho Pharmaceutical Holdings Co., Ltd.(b)		103		4,781
Takeda Pharmaceutical Co., Ltd.(b)		4,643		132,289
Teva Pharmaceutical Industries Ltd. (Sponsored ADR)(a)		3,255		30,564
UCB SA		373		44,610
Viatris, Inc.		3,570		38,842
Vifor Pharma AG(a)		144		25,674
Zoetis, Inc.		1,396		263,272
				8,774,136
				22,270,638
Consumer Discretionary – 7.3%
Auto Components – 0.2%
Aisin Corp.		443		15,141
Aptiv PLC(a)		798		95,528
BorgWarner, Inc.		708		27,541
Bridgestone Corp.		1,668		64,745
Cie Generale des Etablissements Michelin SCA - Class B		501		67,893
Continental AG(a)		325		23,298
Denso Corp.		1,260		80,388
Faurecia SE		358		9,311
Koito Manufacturing Co., Ltd.		331		13,395
Lear Corp.		176		25,096
Magna International, Inc. - Class A (Canada)		843		54,121
Stanley Electric Co., Ltd.		360		6,807
Sumitomo Electric Industries Ltd.		2,219		26,378
Valeo		680		12,560
				522,202
Automobiles – 1.7%
Bayerische Motoren Werke AG		977		84,430
Bayerische Motoren Werke AG (Preference Shares)		170		13,168
Ferrari NV		372		81,044
Ford Motor Co.		11,584		195,885
General Motors Co.(a)		3,856		168,661
Honda Motor Co., Ltd.		4,823		136,712
Isuzu Motors Ltd.		1,712		22,116
Lucid Group, Inc.(a) (b)		1,215		30,861
Mazda Motor Corp.		1,665		12,239
Mercedes-Benz Group AG		2,526		177,299
Nissan Motor Co., Ltd.(a)		6,879		30,566
Porsche Automobil Holding SE (Preference Shares)		452		43,480
Renault SA(a)		567		14,821
Rivian Automotive, Inc.(a)		527		26,476
Stellantis NV		6,008		97,266

12

Company	Shares		U.S. $ Value
Subaru Corp.		1,781	$	28,288
Suzuki Motor Corp.		1,081		37,046
Tesla, Inc.(a)		2,519		2,714,474
Toyota Motor Corp.		31,270		564,048
Volkswagen AG		96		23,714
Volkswagen AG (Preference Shares)		548		94,175
Yamaha Motor Co., Ltd.		895		20,060
				4,616,829
Distributors – 0.1%
Genuine Parts Co.		420		52,929
LKQ Corp.		817		37,100
Pool Corp.		118		49,896
				139,925
Diversified Consumer Services – 0.0%
IDP Education Ltd.(b)		616		14,417
Hotels, Restaurants & Leisure – 1.1%
Accor SA(a)		502		16,174
Airbnb, Inc.(a)		870		149,431
Aramark		680		25,568
Aristocrat Leisure Ltd.		1,779		48,286
Booking Holdings, Inc.(a)		121		284,162
Caesars Entertainment, Inc.(a)		631		48,814
Carnival Corp.(a)		2,462		49,782
Chipotle Mexican Grill, Inc. - Class A(a)		83		131,309
Compass Group PLC		5,264		113,282
Crown Resorts Ltd.(a) (b)		1,099		10,465
Darden Restaurants, Inc.		383		50,920
Domino’s Pizza Enterprises Ltd.(b)		179		11,652
Domino’s Pizza, Inc.		107		43,550
DraftKings, Inc.(a) (b)		959		18,672
Entain PLC(a)		1,731		37,080
Evolution AB(c)		508		51,681
Expedia Group, Inc.(a)		431		84,334
Flutter Entertainment PLC(a)		492		56,700
Galaxy Entertainment Group Ltd.		6,343		37,534
Genting Singapore Ltd.		17,869		10,680
Hilton Worldwide Holdings, Inc.(a)		822		124,730
InterContinental Hotels Group PLC		541		36,590
La Francaise des Jeux SAEM(c)		282		11,188
Las Vegas Sands Corp.(a)		1,015		39,453
Marriott International, Inc./MD - Class A(a)		817		143,588
McDonald’s Corp.		2,205		545,252
McDonald’s Holdings Co. Japan Ltd.		192		7,984
Melco Resorts & Entertainment Ltd. (ADR)(a)		591		4,515
MGM Resorts International		1,107		46,428
Oriental Land Co., Ltd./Japan(b)		581		111,207
Restaurant Brands International, Inc.		837		48,902
Royal Caribbean Cruises Ltd.(a) (b)		677		56,719
Sands China Ltd.(a)		7,020		16,700
Sodexo SA		261		21,239
Starbucks Corp.		3,461		314,847

13

Company	Shares		U.S. $ Value
Tabcorp Holdings Ltd.(b)		6,568	$	26,168
Vail Resorts, Inc.		119		30,972
Whitbread PLC(a)		596		22,191
Wynn Resorts Ltd.(a)		307		24,480
Yum! Brands, Inc.		865		102,528
				3,015,757
Household Durables – 0.3%
Barratt Developments PLC		3,017		20,539
Berkeley Group Holdings PLC(a)		331		16,145
DR Horton, Inc.		1,000		74,510
Electrolux AB(b)		666		10,078
Garmin Ltd.		454		53,849
Iida Group Holdings Co., Ltd.(b)		411		7,086
Lennar Corp. - Class A		802		65,098
Mohawk Industries, Inc.(a)		170		21,114
Newell Brands, Inc.		1,130		24,193
NVR, Inc.(a)		10		44,673
Open House Group Co., Ltd.		200		8,850
Panasonic Corp.		6,471		62,847
Persimmon PLC		942		26,415
PulteGroup, Inc.		747		31,299
Rinnai Corp.		134		10,024
SEB SA		82		11,436
Sekisui Chemical Co., Ltd.		1,083		15,518
Sekisui House Ltd.		1,789		34,605
Sharp Corp./Japan(b)		597		5,573
Sony Group Corp.		3,734		384,138
Taylor Wimpey PLC		10,760		18,323
Whirlpool Corp.		179		30,928
				977,241
Internet & Direct Marketing Retail – 1.8%
Amazon.com, Inc.(a)		1,347		4,391,153
Chewy, Inc.(a) (b)		267		10,888
Delivery Hero SE(a) (c)		481		20,964
DoorDash, Inc.(a)		322		37,735
eBay, Inc.		1,847		105,759
Etsy, Inc.(a) (b)		374		46,481
Fiverr International Ltd.(a) (b)		86		6,542
Just Eat Takeaway.com NV(a) (b) (c)		533		17,876
MercadoLibre, Inc.(a)		134		159,390
Mercari, Inc.(a) (b)		268		6,918
Prosus NV(a) (b)		2,754		148,517
Rakuten Group, Inc.(b)		2,613		20,545
Wayfair, Inc. - Class A(a) (b)		219		24,261
Zalando SE(a) (c)		657		33,267
ZOZO, Inc.		371		9,908
				5,040,204
Leisure Products – 0.1%
Bandai Namco Holdings, Inc.(b)		579		43,905
Hasbro, Inc.		387		31,703

14

Company	Shares		U.S. $ Value
Peloton Interactive, Inc.(a)		835	$	22,061
Shimano, Inc.		260		59,542
Yamaha Corp.		394		17,122
				174,333
Multiline Retail – 0.4%
Canadian Tire Corp., Ltd. - Class A		169		25,517
Cie Financiere Richemont SA		1,540		195,202
Dollar General Corp.		688		153,169
Dollar Tree, Inc.(a)		664		106,340
Dollarama, Inc.		854		48,433
Next PLC		392		30,831
Pan Pacific International Holdings Corp.		1,171		18,737
Ryohin Keikaku Co., Ltd.		726		8,421
Target Corp.		1,414		300,079
Wesfarmers Ltd.		3,345		125,520
				1,012,249
Specialty Retail – 0.9%
Advance Auto Parts, Inc.		184		38,081
AutoZone, Inc.(a)		62		126,764
Bath & Body Works, Inc.		780		37,284
Best Buy Co., Inc.		653		59,358
Burlington Stores, Inc.(a)		197		35,887
CarMax, Inc.(a)		479		46,214
Carvana Co.(a) (b)		227		27,079
Chow Tai Fook Jewellery Group Ltd.(a)		6,000		10,837
Dynatrace, Inc.(a)		547		25,764
Fast Retailing Co., Ltd.		219		112,272
H & M Hennes & Mauritz AB - Class B(b)		2,155		28,937
Hikari Tsushin, Inc.		86		9,777
Home Depot, Inc. (The)		3,081		922,236
Industria de Diseno Textil SA		3,220		70,212
JD Sports Fashion PLC		7,610		14,664
Kingfisher PLC		6,159		20,556
Lowe’s Cos., Inc.		1,988		401,954
Nitori Holdings Co., Ltd.		213		26,798
O’Reilly Automotive, Inc.(a)		199		136,307
Ross Stores, Inc.		1,049		94,892
TJX Cos., Inc. (The)		3,549		214,998
Tractor Supply Co.		336		78,412
Ulta Beauty, Inc.(a)		152		60,529
USS Co., Ltd.		653		10,973
				2,610,785
Textiles, Apparel & Luxury Goods – 0.7%
adidas AG		562		130,961
Burberry Group PLC		1,195		26,087
EssilorLuxottica SA		848		155,091
Gildan Activewear, Inc.		572		21,454
Hermes International		93		131,627
Kering SA		221		139,523
Lululemon Athletica, Inc.(a)		349		127,465
LVMH Moet Hennessy Louis Vuitton SE		819		584,601
Moncler SpA		606		33,622
NIKE, Inc. - Class B		3,770		507,291

15

Company	Shares		U.S. $ Value
Pandora A/S		295	$	28,103
Puma SE		312		26,533
Swatch Group AG (The)		85		24,100
Swatch Group AG (The) (REG)		155		8,435
VF Corp.		985		56,007
				2,000,900
				20,124,842
Industrials – 6.3%
Aerospace & Defense – 0.9%
Airbus SE(a)		1,740		209,963
BAE Systems PLC		9,362		87,923
Boeing Co. (The)(a)		1,647		315,401
CAE, Inc.(a)		935		24,337
Dassault Aviation SA		74		11,686
Elbit Systems Ltd.		78		17,059
General Dynamics Corp.		700		168,826
HEICO Corp.		128		19,653
HEICO Corp. - Class A		216		27,395
Howmet Aerospace, Inc.		1,135		40,792
Huntington Ingalls Industries, Inc.		118		23,534
L3Harris Technologies, Inc.		579		143,864
Lockheed Martin Corp.		732		323,105
MTU Aero Engines AG		158		36,542
Northrop Grumman Corp.		444		198,566
Raytheon Technologies Corp.		4,416		437,493
Rolls-Royce Holdings PLC(a)		24,693		32,471
Safran SA		1,008		118,677
Singapore Technologies Engineering Ltd.		4,908		14,867
Textron, Inc.		651		48,421
Thales SA		315		39,449
TransDigm Group, Inc.(a)		155		100,989
				2,441,013
Air Freight & Logistics – 0.4%
CH Robinson Worldwide, Inc.		384		41,361
Deutsche Post AG		2,925		139,674
DSV A/S		602		115,377
Expeditors International of Washington, Inc.		500		51,580
FedEx Corp.		745		172,386
InPost SA(a) (b)		590		3,743
Kuehne + Nagel International AG		160		45,429
SG Holdings Co., Ltd.		952		17,927
United Parcel Service, Inc. - Class B		2,151		461,303
Yamato Holdings Co., Ltd.(b)		896		16,737
				1,065,517
Airlines – 0.0%
Air Canada(a) (b)		517		10,029
ANA Holdings, Inc.(a)		495		10,347
Delta Air Lines, Inc.(a)		472		18,677
Deutsche Lufthansa AG(a)		1,764		14,226
Japan Airlines Co., Ltd.(a)		458		8,539
Qantas Airways Ltd.(a)		2,727		10,544
Singapore Airlines Ltd.(a) (b)		3,936		15,863

16

Company	Shares		U.S. $ Value
Southwest Airlines Co.(a)		437	$	20,014
				108,239
Building Products – 0.4%
A O Smith Corp.		393		25,109
AGC, Inc.		522		20,857
Allegion PLC		265		29,092
Assa Abloy AB - Class B		2,958		79,510
Carrier Global Corp.		2,429		111,418
Cie de Saint-Gobain		1,493		88,834
Daikin Industries Ltd.		719		130,573
Fortune Brands Home & Security, Inc.		401		29,786
Geberit AG		106		65,344
Johnson Controls International PLC		2,078		136,255
Kingspan Group PLC		455		44,475
Lennox International, Inc.		97		25,012
Lixil Corp.		772		14,371
Masco Corp.		720		36,720
Nibe Industrier AB		4,210		46,666
Otis Worldwide Corp.		1,191		91,647
Owens Corning		297		27,176
ROCKWOOL International A/S		25		8,253
TOTO Ltd.		461		18,514
Xinyi Glass Holdings Ltd.		5,186		12,434
				1,042,046
Commercial Services & Supplies – 0.3%
Brambles Ltd.		4,233		31,238
Cintas Corp.		275		116,982
Copart, Inc.(a)		630		79,046
Dai Nippon Printing Co., Ltd.		666		15,615
GFL Environmental, Inc.		474		15,416
Rentokil Initial PLC		5,487		37,797
Republic Services, Inc. - Class A		655		86,788
Ritchie Bros Auctioneers, Inc.		326		19,255
Rollins, Inc.		653		22,888
Secom Co., Ltd.		570		41,235
Securitas AB - Class B		924		10,424
Sohgo Security Services Co., Ltd.		236		7,696
TOPPAN, Inc.		736		12,983
Waste Connections, Inc.		769		107,429
Waste Management, Inc.		1,234		195,589
				800,381
Construction & Engineering – 0.2%
ACS Actividades de Construccion y Servicios SA(b)		688		18,548
Bouygues SA		677		23,630
Eiffage SA		246		25,248
Epiroc AB - Class A		1,945		41,601
Epiroc AB - Class B		1,151		20,781
Ferrovial SA(b)		1,432		38,084
Kajima Corp.		1,303		15,853
Obayashi Corp.(b)		1,884		13,828
Shimizu Corp.(b)		1,617		9,704
Skanska AB - Class B(b)		1,004		22,462
Taisei Corp.		600		17,321

17

Company	Shares		U.S. $ Value
Vinci SA		1,589	$	162,352
WSP Global, Inc.		347		46,051
				455,463
Electrical Equipment – 0.5%
ABB Ltd.		4,847		157,240
AMETEK, Inc.		683		90,962
Ballard Power Systems, Inc.(a) (b)		703		8,182
Eaton Corp. PLC		1,176		178,470
Emerson Electric Co.		1,756		172,176
Fuji Electric Co., Ltd.		330		16,448
Generac Holdings, Inc.(a)		186		55,290
Legrand SA		789		75,015
Mitsubishi Electric Corp.		5,358		61,450
Nidec Corp.(b)		1,283		101,335
Plug Power, Inc.(a) (b)		1,531		43,802
Prysmian SpA		752		25,520
Rockwell Automation, Inc.		342		95,770
Schneider Electric SE		1,595		267,785
Sensata Technologies Holding PLC(a)		468		23,798
Siemens Energy AG(a)		1,179		26,823
Siemens Gamesa Renewable Energy SA(a) (b)		703		12,330
Sunrun, Inc.(a) (b)		519		15,762
Vestas Wind Systems A/S		2,980		87,418
				1,515,576
Industrial Conglomerates – 0.6%
3M Co.		1,701		253,245
CK Hutchison Holdings Ltd.		8,047		58,843
DCC PLC		291		22,533
General Electric Co.		3,240		296,460
Hitachi Ltd.(b)		2,822		141,225
Honeywell International, Inc.		2,031		395,192
Investment AB Latour - Class B(b)		437		13,873
Jardine Matheson Holdings Ltd.		640		35,200
Keppel Corp., Ltd.		3,974		18,738
Lifco AB		688		17,465
Melrose Industries PLC		12,902		20,929
Roper Technologies, Inc.		311		146,864
Siemens AG		2,257		312,521
Smiths Group PLC		1,168		22,129
Toshiba Corp.		1,145		43,502
				1,798,719
Machinery – 1.1%
Alfa Laval AB		928		31,921
Alstom SA		936		21,901
Atlas Copco AB - Class A		1,981		102,826
Atlas Copco AB - Class B		1,152		52,243
Caterpillar, Inc.		1,596		355,621
CNH Industrial NV		3,021		47,583
Cummins, Inc.		422		86,556
Daifuku Co., Ltd.		302		21,548
Daimler Truck Holding AG(a)		1,214		33,670
Deere & Co.		869		361,035
Dover Corp.		425		66,682

18

Company	Shares		U.S. $ Value
FANUC Corp.		608	$	106,710
Fortive Corp.		1,006		61,296
GEA Group AG		453		18,567
Hino Motors Ltd.(b)		859		5,022
Hitachi Construction Machinery Co., Ltd.(b)		358		9,276
Hoshizaki Corp.		151		10,359
Husqvarna AB - Class B		1,235		12,883
IDEX Corp.		224		42,947
Illinois Tool Works, Inc.		926		193,904
Ingersoll Rand, Inc.		1,203		60,571
KION Group AG		213		14,038
Knorr-Bremse AG		214		16,405
Komatsu Ltd.		2,600		62,466
Kone Oyj - Class B		1,003		52,487
Kornit Digital Ltd.(a)		137		11,329
Kubota Corp.		3,051		57,189
Kurita Water Industries Ltd.(b)		279		10,298
Makita Corp.(b)		695		22,238
MINEBEA MITSUMI, Inc.		1,033		22,499
MISUMI Group, Inc.		830		24,710
Mitsubishi Heavy Industries Ltd.		955		31,349
Miura Co., Ltd.(b)		281		6,924
NGK Insulators Ltd.		796		11,355
Nordson Corp.		154		34,970
PACCAR, Inc.		1,025		90,272
Parker-Hannifin Corp.		379		107,545
Pentair PLC		488		26,454
Rational AG		15		10,331
Sandvik AB		3,332		70,781
Schindler Holding AG		120		25,712
Schindler Holding AG (REG)		59		12,572
SKF AB - Class B		1,128		18,393
SMC Corp.		210		117,389
Snap-on, Inc.		159		32,671
Spirax-Sarco Engineering PLC		218		35,639
Stanley Black & Decker, Inc.		481		67,239
Techtronic Industries Co., Ltd.		4,244		67,995
Toyota Industries Corp.		406		28,003
Trane Technologies PLC		701		107,043
VAT Group AG(c)		80		30,459
Volvo AB		591		11,320
Volvo AB - Class B		4,220		78,726
Wartsila OYJ Abp		1,397		12,756
Westinghouse Air Brake Technologies Corp.		524		50,393
Xylem, Inc./NY		532		45,358
				3,128,429
Marine – 0.1%
AP Moller - Maersk A/S - Class A		9		26,571
AP Moller - Maersk A/S - Class B		17		51,084
Mitsui OSK Lines Ltd.(b)		1,017		28,251
Nippon Yusen KK		463		40,501
SITC International Holdings Co., Ltd.		4,000		13,987
				160,394
Professional Services – 0.5%
Adecco Group AG		472		21,411

19

Company	Shares		U.S. $ Value
Benefit One, Inc.(b)		200	$	4,197
Booz Allen Hamilton Holding Corp.		395		34,697
Bureau Veritas SA		868		24,747
Clarivate PLC(a) (b)		1,038		17,397
CoStar Group, Inc.(a)		1,166		77,667
Equifax, Inc.		360		85,356
Experian PLC		2,723		104,905
Intertek Group PLC		476		32,472
Jacobs Engineering Group, Inc.		381		52,506
Leidos Holdings, Inc.		394		42,560
Nihon M&A Center Holdings, Inc.		897		12,547
Persol Holdings Co., Ltd.		481		10,777
Randstad NV(b)		353		21,235
Recruit Holdings Co., Ltd.		3,986		173,180
RELX PLC (London)		5,709		177,651
Robert Half International, Inc.		329		37,565
SGS SA		18		50,043
Teleperformance		173		65,895
Thomson Reuters Corp.		503		54,611
TransUnion		566		58,490
Verisk Analytics, Inc. - Class A		452		97,013
Wolters Kluwer NV		775		82,620
				1,339,542
Road & Rail – 0.8%
AMERCO		29		17,311
Aurizon Holdings Ltd.		5,432		14,931
Canadian National Railway Co.		2,087		279,958
Canadian Pacific Railway Ltd.		2,743		226,391
Central Japan Railway Co.(b)		384		50,071
CSX Corp.		6,546		245,148
East Japan Railway Co.(b)		893		51,685
Grab Holdings Ltd.(a) (b)		3,203		11,210
Hankyu Hanshin Holdings, Inc.		638		18,439
JB Hunt Transport Services, Inc.		248		49,796
Keio Corp.(b)		316		12,318
Keisei Electric Railway Co., Ltd.(b)		351		9,751
Kintetsu Group Holdings Co., Ltd.(b)		528		15,114
Knight-Swift Transportation Holdings, Inc.		465		23,464
Lyft, Inc.(a)		784		30,106
MTR Corp., Ltd.		4,764		25,655
Nippon Express Holdings, Inc.		241		16,557
Norfolk Southern Corp.		718		204,788
Odakyu Electric Railway Co., Ltd.(b)		826		13,691
Old Dominion Freight Line, Inc.		288		86,020
TFI International, Inc.		247		26,307
Tobu Railway Co., Ltd.(b)		582		14,151
Tokyu Corp.(b)		1,453		18,851
Uber Technologies, Inc.(a)		4,294		153,210
Union Pacific Corp.		1,897		518,279
West Japan Railway Co.(b)		648		26,850
				2,160,052
Trading Companies & Distributors – 0.4%
AerCap Holdings NV(a)		397		19,961

20

Company	Shares		U.S. $ Value
Ashtead Group PLC		1,316	$	82,861
Brenntag SE		456		36,768
Bunzl PLC		996		38,626
Fastenal Co.		1,697		100,802
Ferguson PLC		652		88,333
ITOCHU Corp.		3,501		118,425
Marubeni Corp.		4,608		53,509
Mitsubishi Corp.		3,711		139,262
Mitsui & Co., Ltd.		4,631		125,709
MonotaRO Co., Ltd.(b)		732		15,710
Reece Ltd.(b)		858		12,080
Sumitomo Corp.		3,289		56,961
Toromont Industries Ltd.		244		23,130
Toyota Tsusho Corp.		592		24,297
United Rentals, Inc.(a)		214		76,015
WW Grainger, Inc.		129		66,537
				1,078,986
Transportation Infrastructure – 0.1%
Aena SME SA(a) (c)		221		36,841
Aeroports de Paris(a)		88		13,159
Atlantia SpA(a) (b)		1,462		30,399
Auckland International Airport Ltd.(a)		3,694		19,987
Getlink SE		1,298		23,376
Transurban Group		9,059		91,532
				215,294
				17,309,651
Communication Services – 4.9%
Diversified Telecommunication Services – 1.1%
AT&T, Inc.		21,069		497,860
BCE, Inc.		215		11,918
BT Group PLC		26,351		62,829
Cable One, Inc.		16		23,428
Cellnex Telecom SA(b) (c)		1,504		72,379
Charter Communications, Inc. - Class A(a)		370		201,842
Comcast Corp. - Class A		13,452		629,823
Deutsche Telekom AG		9,565		178,140
Elisa Oyj		420		25,329
Eurazeo SE		117		9,837
HKT Trust & HKT Ltd. - Class SS		10,744		14,732
Infrastrutture Wireless Italiane SpA(b) (c)		992		11,105
Koninklijke KPN NV		9,922		34,429
Liberty Global PLC(a)		990		25,651
Liberty Global PLC - Class A(a)		470		11,990
Lumen Technologies, Inc.		2,568		28,941
Nippon Telegraph & Telephone Corp.		3,567		103,635
Orange SA		5,889		69,733
Proximus SADP		449		8,361
Quebecor, Inc. - Class B		493		11,752
Shaw Communications, Inc. - Class B		1,336		41,464
Singapore Telecommunications Ltd.		24,333		47,249
Sirius XM Holdings, Inc.(b)		2,950		19,529
Spark New Zealand Ltd.		5,516		17,456
Swisscom AG		76		45,661

21

Company	Shares		U.S. $ Value
Telecom Italia SpA/Milano(b)		29,400	$	10,794
Telefonica Deutschland Holding AG		3,072		8,355
Telefonica SA		15,554		75,379
Telenor ASA		2,065		29,632
Telia Co. AB(b)		7,845		31,456
Telstra Corp., Ltd.		12,229		36,130
TELUS Corp.		1,331		34,772
United Internet AG		286		9,815
Verizon Communications, Inc.		12,215		622,232
Washington H Soul Pattinson & Co., Ltd.(b)		639		13,629
				3,077,267
Entertainment – 0.8%
Activision Blizzard, Inc.		2,298		184,093
AMC Entertainment Holdings, Inc. - Class A(a) (b)		1,517		37,379
Bollore SE		2,596		13,594
Capcom Co., Ltd.(b)		568		13,771
Electronic Arts, Inc.		834		105,509
Embracer Group AB(a) (b)		1,651		13,781
Koei Tecmo Holdings Co., Ltd.(b)		223		7,313
Konami Holdings Corp.(b)		230		14,507
Liberty Media Corp-Liberty Formula One - Class C(a)		571		39,879
Live Nation Entertainment, Inc.(a) (b)		490		57,643
Netflix, Inc.(a)		1,307		489,589
Nexon Co., Ltd.(b)		1,440		34,450
Nintendo Co., Ltd.		326		164,552
Roku, Inc.(a)		347		43,469
Sea Ltd. (ADR)(a)		944		113,082
Square Enix Holdings Co., Ltd.		218		9,657
Take-Two Interactive Software, Inc.(a) (b)		340		52,272
Toho Co., Ltd./Tokyo		296		11,186
Ubisoft Entertainment SA(a)		277		12,172
Universal Music Group NV		2,141		57,152
Walt Disney Co. (The)(a)		5,363		735,589
				2,210,639
Interactive Media & Services – 2.5%
Adevinta ASA - Class B(a)		860		7,851
Alphabet, Inc. - Class A(a)		887		2,467,058
Alphabet, Inc. - Class C(a)		844		2,357,284
Auto Trader Group PLC(c)		2,806		23,164
IAC/InterActiveCorp(a)		235		23,566
Kakaku.com, Inc.(b)		396		8,844
Match Group, Inc.(a)		794		86,340
Meta Platforms, Inc. - Class A(a)		6,981		1,552,295
Pinterest, Inc. - Class A(a)		1,661		40,877
REA Group Ltd.(b)		156		15,639
Scout24 SE(c)		247		14,082
SEEK Ltd.(b)		992		21,846
Snap, Inc. - Class A(a)		3,200		115,168
Twitter, Inc.(a)		2,360		91,308

22

Company	Shares		U.S. $ Value
Z Holdings Corp.(b)		7,935	$	34,304
ZoomInfo Technologies, Inc.(a)		833		49,763
				6,909,389
Media – 0.2%
CyberAgent, Inc.		1,204		14,899
Dentsu Group, Inc.		626		25,582
Discovery, Inc. - Class A(a)		499		12,435
Discovery, Inc. - Class C(a)		926		23,122
DISH Network Corp. - Class A(a) (b)		728		23,041
Fox Corp. - Class A		946		37,320
Fox Corp. - Class B		441		15,999
Hakuhodo DY Holdings, Inc.		681		8,548
Informa PLC(a)		4,436		34,756
Interpublic Group of Cos., Inc. (The)		1,162		41,193
Liberty Broadband Corp.(a)		488		65,738
Liberty Media Corp-Liberty SiriusXM - Class A(a)		244		11,153
Liberty Media Corp-Liberty SiriusXM - Class C(a)		498		22,773
News Corp. - Class A		1,160		25,694
Omnicom Group, Inc.		627		53,220
Paramount Global - Class B(b)		1,791		67,718
Pearson PLC		2,233		21,895
Publicis Groupe SA		673		40,847
Schibsted ASA		216		5,324
Schibsted ASA - Class B		287		6,142
Vivendi SE		2,290		29,918
WPP PLC		3,447		45,115
				632,432
Wireless Telecommunication Services – 0.3%
KDDI Corp.		4,768		156,326
Rogers Communications, Inc. - Class B		1,046		59,205
SoftBank Corp.		8,487		98,985
SoftBank Group Corp.(b)		3,562		159,256
T-Mobile US, Inc.(a)		1,843		236,549
Tele2 AB - Class B(b)		1,478		22,341
Vodafone Group PLC		80,513		132,024
				864,686
				13,694,413
Consumer Staples – 4.4%
Beverages – 1.0%
Anheuser-Busch InBev SA/NV		2,563		153,237
Asahi Group Holdings Ltd.		1,364		49,678
Brown-Forman Corp. - Class B		914		61,256
Budweiser Brewing Co. APAC Ltd.(b) (c)		5,137		13,565
Carlsberg AS - Class B		296		36,337
Coca-Cola Co. (The)		12,107		750,634
Coca-Cola Europacific Partners PLC		605		29,409
Coca-Cola HBC AG(a)		593		12,368
Constellation Brands, Inc. - Class A		485		111,705
Davide Campari-Milano NV		1,542		17,886
Diageo PLC		6,878		348,883
Heineken Holding NV		340		26,623
Heineken NV		765		73,157

23

Company	Shares		U.S. $ Value
Ito En Ltd.		176	$	8,639
Keurig Dr Pepper, Inc.		2,093		79,325
Kirin Holdings Co., Ltd.		2,428		36,266
Molson Coors Beverage Co. - Class B		562		30,000
Monster Beverage Corp.(a)		1,171		93,563
PepsiCo, Inc.		4,079		682,743
Pernod Ricard SA		618		135,781
Remy Cointreau SA		67		13,817
Suntory Beverage & Food Ltd.		438		16,694
Treasury Wine Estates Ltd.		2,130		18,399
				2,799,965
Food & Staples Retailing – 1.0%
Aeon Co., Ltd.(b)		1,925		41,046
Alimentation Couche-Tard, Inc.		2,510		113,077
Carrefour SA		1,832		39,868
Coles Group Ltd.		3,937		52,620
Cosmos Pharmaceutical Corp.		78		9,453
Costco Wholesale Corp.		1,304		750,908
Empire Co., Ltd. - Class A		500		17,734
Endeavour Group Ltd./Australia		3,958		21,531
Etablissements Franz Colruyt NV		158		6,540
George Weston Ltd.		221		27,215
HelloFresh SE(a)		488		21,903
J Sainsbury PLC		5,162		17,085
Jeronimo Martins SGPS SA		836		20,056
Kesko Oyj - Class B		806		22,254
Kobe Bussan Co., Ltd.(b)		396		12,187
Koninklijke Ahold Delhaize NV		3,085		99,231
Kroger Co. (The)		2,084		119,559
Lawson, Inc.		146		5,589
Loblaw Cos. Ltd.(b)		495		44,418
Metro, Inc./CN		722		41,559
Ocado Group PLC(a)		1,441		22,003
Seven & i Holdings Co., Ltd.		2,212		105,462
Sysco Corp.		1,513		123,536
Tesco PLC		22,691		82,148
Tsuruha Holdings, Inc.		130		8,255
Walgreens Boots Alliance, Inc.		2,171		97,196
Walmart, Inc.		4,525		673,863
Welcia Holdings Co., Ltd.		240		5,905
Woolworths Group Ltd.		3,576		99,287
				2,701,488
Food Products – 1.0%
Ajinomoto Co., Inc.		1,358		38,544
Archer-Daniels-Midland Co.		1,651		149,019
Associated British Foods PLC		1,051		22,831
Barry Callebaut AG		11		25,789
Bunge Ltd.		415		45,986
Campbell Soup Co.		579		25,806
Chocoladefabriken Lindt & Spruengli AG		3		35,706
Chocoladefabriken Lindt & Spruengli AG (REG)		1		120,958
Conagra Brands, Inc.		1,416		47,535
Danone SA		1,928		106,508
General Mills, Inc.		1,787		121,016
Hershey Co. (The)		429		92,934
Hormel Foods Corp.		881		45,407

24

Company	Shares		U.S. $ Value
J M Smucker Co. (The)		320	$	43,331
JDE Peet’s NV(b)		296		8,491
Kellogg Co.		755		48,690
Kerry Group PLC - Class A		470		52,566
Kikkoman Corp.		395		26,163
Kraft Heinz Co. (The)		1,987		78,268
McCormick & Co., Inc./MD		736		73,453
MEIJI Holdings Co., Ltd.(b)		320		17,354
Mondelez International, Inc. - Class A		4,117		258,465
Mowi ASA		1,297		34,936
Nestle SA		8,305		1,079,805
Nisshin Seifun Group, Inc.(b)		562		7,841
Nissin Foods Holdings Co., Ltd.		164		11,499
Orkla ASA		2,216		19,688
Saputo, Inc.(b)		734		17,385
Toyo Suisan Kaisha Ltd.		290		10,377
Tyson Foods, Inc. - Class A		870		77,978
WH Group Ltd.(c)		24,359		15,296
Wilmar International Ltd.		6,113		21,171
Yakult Honsha Co., Ltd.(b)		342		18,244
				2,799,040
Household Products – 0.6%
Church & Dwight Co., Inc.		721		71,653
Clorox Co. (The)		363		50,468
Colgate-Palmolive Co.		2,363		179,186
Essity AB - Class B(b)		1,797		42,407
Henkel AG & Co. KGaA		307		20,263
Henkel AG & Co. KGaA (Preference Shares)		526		35,206
Kimberly-Clark Corp.		993		122,298
Lion Corp.(b)		698		7,779
Procter & Gamble Co. (The)		7,140		1,090,992
Reckitt Benckiser Group PLC		2,108		160,811
Unicharm Corp.		1,194		42,896
				1,823,959
Personal Products – 0.4%
Beiersdorf AG		297		31,201
Estee Lauder Cos., Inc. (The) - Class A		684		186,267
Kao Corp.		1,393		56,877
Kobayashi Pharmaceutical Co., Ltd.		138		11,057
Kose Corp.		96		10,044
L’Oreal SA		740		295,589
Pola Orbis Holdings, Inc.		316		4,115
Shiseido Co., Ltd.		1,163		58,741
Unilever PLC		7,577		344,017
				997,908
Tobacco – 0.4%
Altria Group, Inc.		5,420		283,195
British American Tobacco PLC		6,432		270,126
Imperial Brands PLC		2,794		58,855
Japan Tobacco, Inc.		3,590		61,309
Philip Morris International, Inc.		4,593		431,466

25

Company	Shares		U.S. $ Value
Swedish Match AB(b)		4,663	$	35,066
				1,140,017
				12,262,377
Materials – 2.8%
Chemicals – 1.4%
Air Liquide SA		1,398		244,571
Air Products and Chemicals, Inc.		654		163,441
Akzo Nobel NV		553		47,515
Albemarle Corp.		345		76,297
Arkema SA		181		21,637
Asahi Kasei Corp.		3,675		31,787
BASF SE		2,710		154,634
Celanese Corp. - Class A		321		45,861
CF Industries Holdings, Inc.		633		65,237
Chr Hansen Holding A/S		311		22,836
Clariant AG(a) (b)		637		11,054
Corteva, Inc.		2,151		123,639
Covestro AG(c)		570		28,703
Croda International PLC		412		42,383
Dow, Inc.		2,182		139,037
DuPont de Nemours, Inc.		1,529		112,504
Eastman Chemical Co.		397		44,488
Ecolab, Inc.		761		134,362
EMS-Chemie Holding AG		21		20,408
Evonik Industries AG		619		17,173
FMC Corp.		374		49,207
Fuchs Petrolub SE		205		7,438
Givaudan SA		27		111,589
ICL Group Ltd.		2,084		24,774
IMCD NV(b)		168		28,659
International Flavors & Fragrances, Inc.		751		98,629
Johnson Matthey PLC		571		13,965
JSR Corp.(b)		612		18,022
Kansai Paint Co., Ltd.		478		7,674
Koninklijke DSM NV(b)		516		92,309
LANXESS AG		242		10,623
Linde PLC		1,512		482,978
LyondellBasell Industries NV - Class A		786		80,817
Mitsubishi Chemical Holdings Corp.(b)		3,805		25,306
Mitsubishi Gas Chemical Co., Inc.		507		8,582
Mitsui Chemicals, Inc.		540		13,575
Mosaic Co. (The)		1,093		72,684
Nippon Paint Holdings Co., Ltd.(b)		2,422		21,220
Nippon Sanso Holdings Corp.		450		8,556
Nissan Chemical Corp.		397		23,287
Nitto Denko Corp.		414		29,679
Novozymes A/S - Class B		606		41,550
Nutrien Ltd.		1,684		174,064
Orica Ltd.(b)		1,202		14,301
PPG Industries, Inc.		701		91,880
RPM International, Inc.		383		31,192
Sherwin-Williams Co. (The)		735		183,471
Shin-Etsu Chemical Co., Ltd.		1,029		156,339
Sika AG		419		138,628
Solvay SA(b)		219		21,584
Sumitomo Chemical Co., Ltd.		4,372		20,019

26

Company	Shares		U.S. $ Value
Symrise AG		392	$	46,998
Toray Industries, Inc.(b)		4,053		21,074
Tosoh Corp.		816		12,060
Umicore SA		582		25,158
Yara International ASA		489		24,454
				3,779,912
Construction Materials – 0.1%
CRH PLC		2,279		90,898
HeidelbergCement AG		439		24,880
Holcim Ltd.(a)		1,545		75,144
James Hardie Industries PLC		1,314		39,417
Martin Marietta Materials, Inc.		184		70,820
Vulcan Materials Co.		392		72,010
				373,169
Containers & Packaging – 0.1%
Amcor PLC		4,525		51,268
Avery Dennison Corp.		244		42,449
Ball Corp.		956		86,040
CCL Industries, Inc. - Class B		447		20,166
Crown Holdings, Inc.		377		47,159
International Paper Co.		1,086		50,119
Packaging Corp. of America		280		43,711
Sealed Air Corp.		437		29,262
Smurfit Kappa Group PLC		726		32,247
Westrock Co.		782		36,777
				439,198
Metals & Mining – 1.1%
Agnico Eagle Mines Ltd.		1,348		82,488
Anglo American PLC		3,775		196,158
Antofagasta PLC		1,164		25,293
ArcelorMittal SA		1,886		60,416
Barrick Gold Corp. (Toronto)		5,250		128,757
BHP Group Ltd.(b)		14,936		575,745
BlueScope Steel Ltd.		1,459		22,688
Boliden AB		807		40,709
Evolution Mining Ltd.(b)		5,408		17,849
First Quantum Minerals Ltd.(b)		1,734		60,031
Fortescue Metals Group Ltd.		4,999		76,844
Franco-Nevada Corp.		564		89,751
Freeport-McMoRan, Inc.		4,333		215,523
Glencore PLC(a)		29,263		190,406
Hitachi Metals Ltd.(a) (b)		610		10,205
Ivanhoe Mines Ltd.(a) (b)		1,783		16,630
JFE Holdings, Inc.(b)		1,478		20,683
Kinross Gold Corp.		3,698		21,712
Lundin Mining Corp.		1,952		19,783
Mineral Resources Ltd.		502		19,789
Newcrest Mining Ltd.		2,399		48,478
Newmont Corp.		2,353		186,946
Nippon Steel Corp.		2,495		44,023
Norsk Hydro ASA		3,970		38,572
Northern Star Resources Ltd.(b)		3,265		26,341
Nucor Corp.		843		125,312
Pan American Silver Corp.		621		16,949

27

Company	Shares		U.S. $ Value
Rio Tinto Ltd.		1,095	$	97,893
Rio Tinto PLC		3,315		265,023
South32 Ltd.		13,766		52,328
Steel Dynamics, Inc.		586		48,890
Sumitomo Metal Mining Co., Ltd.		772		39,112
Teck Resources Ltd. - Class B		1,396		56,369
voestalpine AG		342		10,177
Wheaton Precious Metals Corp.		1,330		63,247
				3,011,120
Paper & Forest Products – 0.1%
Mondi PLC		1,433		27,854
Oji Holdings Corp.(b)		2,381		11,813
Stora Enso Oyj - Class R		1,717		33,683
Svenska Cellulosa AB SCA - Class B(b)		1,788		34,719
UPM-Kymmene Oyj(b)		1,575		51,432
West Fraser Timber Co., Ltd.		278		22,873
				182,374
				7,785,773
Energy – 2.7%
Energy Equipment & Services – 0.2%
Baker Hughes Co. - Class A		2,439		88,804
Halliburton Co.		2,642		100,053
Schlumberger NV		4,139		170,982
Tenaris SA		1,393		20,924
				380,763
Oil, Gas & Consumable Fuels – 2.5%
Aker BP ASA		372		13,875
Ampol Ltd.		703		15,971
BP PLC		58,256		285,593
Cameco Corp.		1,174		34,192
Canadian Natural Resources Ltd.		3,473		215,050
Cenovus Energy, Inc.		3,871		64,530
Cheniere Energy, Inc.		711		98,580
Chevron Corp.		5,687		926,014
ConocoPhillips		3,891		389,100
Coterra Energy, Inc.		2,281		61,519
Devon Energy Corp.		1,898		112,229
Diamondback Energy, Inc.		508		69,637
Enbridge, Inc.		5,977		275,148
ENEOS Holdings, Inc.		9,037		33,787
Eni SpA		7,446		108,587
EOG Resources, Inc.		1,727		205,910
Equinor ASA		2,884		107,679
Exxon Mobil Corp.		12,491		1,031,632
Galp Energia SGPS SA		1,479		18,698
Hess Corp.		823		88,094
Idemitsu Kosan Co., Ltd.(b)		624		17,201
Imperial Oil Ltd.		718		34,747
Inpex Corp.		3,018		35,484
Keyera Corp.(b)		649		16,451
Kinder Morgan, Inc.		6,010		113,649
Lundin Energy AB(b)		591		24,807
Marathon Petroleum Corp.		1,817		155,353
Neste Oyj		1,249		56,946

28

Company	Shares		U.S. $ Value
Occidental Petroleum Corp.		2,756	$	156,375
OMV AG		435		20,785
ONEOK, Inc.		1,316		92,949
Parkland Corp.(b)		448		13,248
Pembina Pipeline Corp.		1,623		60,978
Phillips 66		1,416		122,328
Pioneer Natural Resources Co.		684		171,020
Repsol SA		4,283		56,104
Santos Ltd.		9,497		55,062
Shell PLC		22,716		622,616
Suncor Energy, Inc.		4,299		139,959
TC Energy Corp.(b)		2,895		163,282
TotalEnergies SE		7,401		374,487
Tourmaline Oil Corp.		924		42,573
Valero Energy Corp.		1,206		122,457
Williams Cos., Inc. (The)		3,585		119,775
Woodside Petroleum Ltd.(b)		2,862		68,778
				7,013,239
				7,394,002
Utilities – 1.8%
Electric Utilities – 1.0%
Alliant Energy Corp.		739		46,173
American Electric Power Co., Inc.		1,486		148,258
Chubu Electric Power Co., Inc.(b)		1,939		20,068
CK Infrastructure Holdings Ltd.		1,903		12,721
CLP Holdings Ltd.		4,629		45,040
Constellation Energy Corp.		962		54,113
Duke Energy Corp.		2,270		253,468
Edison International		1,121		78,582
EDP - Energias de Portugal SA		8,194		40,330
Electricite de France SA		1,390		13,047
Elia Group SA/NV		91		13,884
Emera, Inc.		763		37,822
Endesa SA		937		20,430
Enel SpA		24,001		160,249
Entergy Corp.		593		69,233
Evergy, Inc.		677		46,266
Eversource Energy		1,015		89,513
Exelon Corp.		2,887		137,508
FirstEnergy Corp.		1,607		73,697
Fortis, Inc./Canada		1,396		69,043
Fortum Oyj		1,311		23,961
HK Electric Investments & HK Electric Investments Ltd. - Class SS(c)		7,615		7,437
Hydro One Ltd.(b) (c)		971		26,160
Iberdrola SA		17,189		187,875
Kansai Electric Power Co., Inc. (The)		2,071		19,507
Mercury NZ Ltd.		2,010		8,251
NextEra Energy, Inc.		5,789		490,386
NRG Energy, Inc.		723		27,734
Origin Energy Ltd.		5,197		24,191
Orsted AS(c)		558		69,846
PG&E Corp.(a) (b)		4,395		52,476
Power Assets Holdings Ltd.		3,858		25,143
PPL Corp.		2,216		63,289
Red Electrica Corp. SA		1,277		26,218

29

Company	Shares		U.S. $ Value
Southern Co. (The)		3,127	$	226,739
SSE PLC		3,146		71,883
Terna - Rete Elettrica Nazionale(b)		4,152		35,654
Tokyo Electric Power Co. Holdings, Inc.(a)		4,484		14,802
Verbund AG		201		21,226
Xcel Energy, Inc.		1,589		114,678
				2,966,901
Gas Utilities – 0.1%
AltaGas Ltd.		827		18,523
APA Group(b)		3,482		27,674
Atmos Energy Corp.		391		46,721
Enagas SA(b)		734		16,299
Hong Kong & China Gas Co., Ltd.		32,787		39,604
Naturgy Energy Group SA(b)		572		17,137
Osaka Gas Co., Ltd.		1,140		19,535
Snam SpA(b)		5,951		34,317
Tokyo Gas Co., Ltd.(b)		1,150		21,053
UGI Corp.		617		22,348
				263,211
Independent Power and Renewable Electricity Producers – 0.1%
AES Corp. (The)		1,968		50,637
Brookfield Renewable Corp.		381		16,640
EDP Renovaveis SA		850		21,854
Meridian Energy Ltd.		3,799		13,236
Northland Power, Inc.		668		22,207
Uniper SE		270		6,975
Vistra Corp.		1,272		29,574
				161,123
Multi-Utilities – 0.5%
Algonquin Power & Utilities Corp.(b)		1,983		30,757
Ameren Corp.		760		71,258
Canadian Utilities Ltd. - Class A(b)		377		11,556
CenterPoint Energy, Inc.		1,856		56,868
CMS Energy Corp.		855		59,799
Consolidated Edison, Inc.		1,044		98,846
Dominion Energy, Inc.		2,390		203,078
DTE Energy Co.		572		75,624
E.ON SE		6,627		76,993
Engie SA		5,391		70,875
National Grid PLC		10,674		164,040
NiSource, Inc.		1,159		36,856
Public Service Enterprise Group, Inc.		1,492		104,440
RWE AG		1,896		82,556
Sempra Energy		942		158,369
United Utilities Group PLC		2,012		29,628
Veolia Environnement SA		1,935		62,043
WEC Energy Group, Inc.		931		92,923
				1,486,509
Water Utilities – 0.1%
American Water Works Co., Inc.		536		88,724
Essential Utilities, Inc.		709		36,251

30

Company	Shares		U.S. $ Value
Severn Trent PLC		739	$	29,785
				154,760
				5,032,504
Real Estate – 1.8%
Equity Real Estate Investment Trusts (REITs) – 1.5%
Alexandria Real Estate Equities, Inc.		435		87,544
American Tower Corp.		1,344		337,640
Ascendas Real Estate Investment Trust		9,639		20,770
AvalonBay Communities, Inc.		412		102,328
Boston Properties, Inc.(b)		438		56,414
British Land Co. PLC (The)		2,598		17,988
Camden Property Trust		302		50,192
Canadian Apartment Properties REIT		252		10,815
CapitaLand Integrated Commercial Trust		14,593		24,142
Covivio		153		12,176
Crown Castle International Corp.		1,275		235,365
Daiwa House REIT Investment Corp.		7		18,872
Dexus		3,174		25,908
Digital Realty Trust, Inc.		837		118,687
Duke Realty Corp.		1,124		65,259
Equinix, Inc.		266		197,271
Equity LifeStyle Properties, Inc.		515		39,387
Equity Residential		1,051		94,506
Essex Property Trust, Inc.		192		66,332
Extra Space Storage, Inc.		395		81,212
Gecina SA		136		17,140
GLP J-REIT		13		19,754
Goodman Group		4,963		84,354
GPT Group (The)		5,652		21,802
Healthpeak Properties, Inc.		1,591		54,619
Host Hotels & Resorts, Inc.		2,108		40,958
Invitation Homes, Inc.		1,761		70,757
Iron Mountain, Inc.(b)		855		47,376
Japan Metropolitan Fund Invest		21		17,720
Japan Real Estate Investment Corp.		4		20,951
Kimco Realty Corp.		1,819		44,929
Klepierre SA(a)		600		15,974
Land Securities Group PLC		2,078		21,320
Link REIT		6,173		52,571
Mapletree Commercial Trust(b)		6,196		8,621
Mapletree Logistics Trust(b)		9,093		12,357
Medical Properties Trust, Inc.		1,760		37,206
Mid-America Apartment Communities, Inc.		340		71,213
Mirvac Group		11,634		21,572
Nippon Building Fund, Inc.		4		22,691
Nippon Prologis REIT, Inc.		6		17,519
Nomura Real Estate Master Fund, Inc.		13		17,185
Orix JREIT, Inc.		8		10,849
Prologis, Inc.		2,181		352,188
Public Storage		466		181,871
Realty Income Corp.		1,670		115,731
Regency Centers Corp.(b)		455		32,460
RioCan Real Estate Investment Trust		459		9,263
SBA Communications Corp.		321		110,456
Scentre Group		15,317		34,826
Segro PLC		3,549		62,388
Simon Property Group, Inc.		970		127,613

31

Company	Shares		U.S. $ Value
Stockland		7,044	$	22,322
Sun Communities, Inc.		342		59,949
UDR, Inc.		913		52,379
Ventas, Inc.		1,178		72,753
VICI Properties, Inc.		1,856		52,822
Vicinity Centres		11,418		15,844
Vornado Realty Trust		481		21,799
Welltower, Inc.		1,284		123,444
Weyerhaeuser Co.		2,211		83,797
WP Carey, Inc.		550		44,462
				3,988,613
Real Estate Management & Development – 0.3%
Aroundtown SA		2,948		16,846
Azrieli Group Ltd.		125		10,982
Capitaland Investment Ltd./Singapore(a) (b)		7,504		21,987
CBRE Group, Inc. - Class A(a)		988		90,422
City Developments Ltd.(b)		1,050		6,070
CK Asset Holdings Ltd.		6,031		41,224
Daito Trust Construction Co., Ltd.		183		19,424
Daiwa House Industry Co., Ltd.		1,644		42,857
ESR Cayman Ltd.(a) (c)		5,748		17,812
Fastighets AB Balder - Class B(a)		310		20,410
FirstService Corp.		117		16,924
Hang Lung Properties Ltd.		6,030		12,154
Henderson Land Development Co., Ltd.		3,938		16,347
Hongkong Land Holdings Ltd.		3,395		16,588
Hulic Co., Ltd.		1,101		9,878
LEG Immobilien SE		215		24,484
Lendlease Corp., Ltd.(b)		2,033		16,947
Mitsubishi Estate Co., Ltd.		3,535		52,638
Mitsui Fudosan Co., Ltd.		2,669		57,123
New World Development Co., Ltd.		4,625		18,764
Nomura Real Estate Holdings, Inc.(b)		331		7,927
Sagax AB		475		14,414
Sino Land Co., Ltd.		9,242		11,917
Sumitomo Realty & Development Co., Ltd.		956		26,458
Sun Hung Kai Properties Ltd.		3,616		43,021
Swire Pacific Ltd. - Class A		1,435		8,726
Swire Properties Ltd.		3,422		8,456
Swiss Prime Site AG		224		22,092
Unibail-Rodamco-Westfield(a)		368		27,574
UOL Group Ltd.		1,370		7,093
Vonovia SE		2,177		101,471
Wharf Real Estate Investment Co., Ltd.(b)		4,876		24,098
Zillow Group, Inc. - Class A(a)		181		8,730
Zillow Group, Inc. - Class C(a) (b)		497		24,497
				866,355
				4,854,968
Total Common Stocks (cost $104,842,728)				173,347,610

32

	Principal Amount (000)			U.S. $ Value
GOVERNMENTS - TREASURIES – 35.7%
United States – 35.7%
U.S. Treasury Bonds 1.625%, 11/15/2050		$	966	$	793,712
1.875%, 11/15/2051			591		518,062
2.00%, 02/15/2050			559		503,703
2.25%, 08/15/2046-02/15/2052			4,125		3,874,975
2.375%, 11/15/2049-05/15/2051			2,866		2,810,665
2.50%, 02/15/2045-05/15/2046			330		322,200
2.75%, 08/15/2047			143		148,651
2.875%, 05/15/2043-05/15/2049			3,767		3,943,204
3.00%, 05/15/2045-02/15/2049			2,311		2,510,966
3.125%, 11/15/2041-02/15/2043			1,087		1,171,689
3.50%, 02/15/2039			12		13,971
3.625%, 08/15/2043			1,869		2,170,904
3.75%, 08/15/2041-11/15/2043			226		266,336
3.875%, 08/15/2040			161		191,747
4.25%, 05/15/2039			134		167,459
4.375%, 11/15/2039-05/15/2041			694		881,956
4.50%, 08/15/2039			179		230,596
4.75%, 02/15/2037-02/15/2041			626		821,071
5.25%, 11/15/2028			378		442,501
5.375%, 02/15/2031			359		445,933
5.50%, 08/15/2028			762		897,974
6.00%, 02/15/2026			1,336		1,507,463
6.125%, 11/15/2027			404		480,662
6.25%, 08/15/2023-05/15/2030			447		557,870
6.875%, 08/15/2025			471		537,120
7.625%, 02/15/2025			158		180,629
U.S. Treasury Notes 0.25%, 06/30/2025-09/30/2025			6,368		5,903,947
0.375%, 04/30/2025-01/31/2026			5,215		4,834,538
0.50%, 03/31/2025-02/28/2026			1,219		1,129,601
0.625%, 05/15/2030-08/15/2030			1,931		1,681,302
0.75%, 04/30/2026-08/31/2026			3,874		3,605,600
0.875%, 09/30/2026-11/15/2030			3,558		3,221,949
1.125%, 10/31/2026-02/15/2031			2,727		2,507,562
1.25%, 08/31/2024-12/31/2026			2,024		1,943,597
1.375%, 11/15/2031			861		790,237
1.50%, 09/30/2024-02/15/2030			6,019		5,808,758
1.625%, 02/15/2026-05/15/2031			6,221		5,924,036
1.75%, 05/15/2023-11/15/2029			2,366		2,310,526
1.875%, 02/28/2027-02/15/2032			1,498		1,455,093
2.00%, 05/31/2024-11/15/2026			10,828		10,654,770
2.125%, 11/30/2023-05/15/2025			6,571		6,531,298
2.25%, 04/30/2024-11/15/2027			4,655		4,617,370
2.375%, 08/15/2024-05/15/2029			2,330		2,324,874
2.50%, 08/15/2023-05/15/2024			3,263		3,276,115
2.625%, 02/15/2029			451		456,615
2.75%, 11/15/2023-02/15/2028			1,171		1,182,656
2.875%, 10/31/2023-05/15/2028			1,256		1,274,885
3.125%, 11/15/2028			912		950,371
Total Governments - Treasuries (cost $101,529,009)					98,777,719

33

	Notional Amount			U.S. $ Value
OPTIONS PURCHASED - PUTS – 0.4%
Options on Equity Indices – 0.4%
Euro STOXX 50 Index Expiration: Dec 2022; Contracts: 520; Exercise Price: EUR 3,350.00; Counterparty: UBS AG(a)		EUR	1,742,000	$	94,728
FTSE 100 Index Expiration: Jan 2023; Contracts: 190; Exercise Price: GBP 6,000.00; Counterparty: UBS AG(a)		GBP	1,140,000		35,969
Nikkei 225 Index Expiration: Dec 2022; Contracts: 11,000; Exercise Price: JPY 23,000.00; Counterparty: UBS AG(a)		JPY	253,000,000		60,916
S&P 500 Index Expiration: Jan 2023; Contracts: 6,800; Exercise Price: USD 3,700.00; Counterparty: UBS AG(a)		USD	25,160,000		861,041
Total Options Purchased - Puts (premiums paid $1,056,506)					1,052,654
	Shares
RIGHTS – 0.0%
Utilities – 0.0%
Electric Utilities – 0.0%
Electricite De France SA, expiring 04/01/2022(a) (d) (e) (cost $0)			1,390		517
SHORT-TERM INVESTMENTS – 0.8%
Investment Companies – 0.8%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio - Class AB, 0.19%(f) (g) (h) (cost $2,352,807)			2,352,807		2,352,807
Total Investments Before Security Lending Collateral for Securities Loaned – 99.5% (cost $209,781,050)					275,531,307
INVESTMENTS OF CASH COLLATERAL FOR SECURITIES LOANED – 0.8%
Investment Companies – 0.8%
AB Fixed Income Shares, Inc. - Government Money Market Portfolio Class AB, 0.19%(f) (g) (h) (cost $2,205,536)			2,205,536		2,205,536
Total Investments – 100.3% (cost $211,986,586)(i)					277,736,843
Other assets less liabilities – (0.3)%					(962,692	)
Net Assets – 100.0%				$	276,774,151

34

FUTURES

Description	Number of Contracts		Expiration Month		Current Notional			Value and Unrealized Appreciation/ (Depreciation)
Purchased Contracts
10 Yr Australian Bond Futures		30		June 2022		$	2,845,255		$	(116,154	)
10 Yr Mini Japan Government Bond Futures		11		June 2022			1,354,534			(4,468	)
10 Yr Canadian Bond Futures		1		June 2022			104,435			(4,553	)
Euro STOXX 50 Index Futures		40		June 2022			1,691,677			(16,772	)
Euro-Bund Futures		1		June 2022			175,518			(7,855	)
FTSE 100 Index Futures		21		June 2022			2,065,136			(7,204	)
Hang Seng Index Futures		10		April 2022			1,403,623			4,935
MSCI Singapore IX ETS Futures		5		April 2022			123,529			(807	)
Nikkei 225 (OSE) Futures		2		June 2022			457,204			44,673
OMXS30 Index Futures		68		April 2022			1,507,913			(32,935)
S&P 500 E-Mini Futures		3		June 2022			679,613			(5,301	)
U.S. T-Note 2 Yr (CBT) Futures		12		June 2022			2,543,063			(34,648	)
U.S. T-Note 5 Yr (CBT) Futures		2		June 2022			229,375			(5,409	)
U.S. T-Note 10 Yr (CBT) Futures		21		June 2022			2,580,375			(81,357	)
U.S. Ultra Bond (CBT) Futures		6		June 2022			1,062,750			(41,228	)
Sold Contracts
S&PTSX 60 Index Future		5		June 2022			1,053,554			(19,694	)
SPI 200 Futures		11		June 2022			1,539,048			(50,000	)
TOPIX Index Futures		18		June 2022			2,878,019			23,551
									$	(355,226	)

FORWARD CURRENCY EXCHANGE CONTRACTS

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Bank of America, NA		USD	1,313		GBP	1,005		06/09/2022	$	7,705
Barclays Bank PLC		AUD	4,934		USD	3,494		04/28/2022		(199,054	)
BNP Paribas SA		USD	1,165		CHF	1,070		04/13/2022		(6,162	)
Deutsche Bank AG		USD	3,633		CAD	4,605		04/22/2022		50,188
Goldman Sachs Bank USA		CAD	1,125		USD	882		04/22/2022		(17,680	)
Goldman Sachs Bank USA		USD	3,946		JPY	453,419		04/28/2022		(219,700	)
HSBC Bank USA		CAD	1,351		USD	1,079		04/22/2022		(1,495	)
HSBC Bank USA		JPY	527,157		USD	4,534		04/28/2022		202,366
HSBC Bank USA		USD	4,268		JPY	527,156		04/28/2022		64,540
HSBC Bank USA		USD	1,060		NOK	9,187		06/17/2022		(16,739	)
HSBC Bank USA		USD	635		SEK	5,978		06/17/2022		1,501
JPMorgan Chase Bank, NA		USD	1,393		CAD	1,771		04/22/2022		24,255
JPMorgan Chase Bank, NA		EUR	2,399		USD	2,674		05/12/2022		16,811
Morgan Stanley Capital Services, Inc.		CHF	5,490		USD	5,945		04/13/2022		1,812
Morgan Stanley Capital Services, Inc.		CAD	830		USD	648		04/22/2022		(16,020	)
Morgan Stanley Capital Services, Inc.		USD	1,294		CAD	1,645		04/22/2022		21,954
Morgan Stanley Capital Services, Inc.		JPY	400,805		USD	3,471		04/28/2022		177,612
Morgan Stanley Capital Services, Inc.		USD	944		AUD	1,260		04/28/2022		(677	)
Morgan Stanley Capital Services, Inc.		USD	691		JPY	79,331		04/28/2022		(38,583	)
Morgan Stanley Capital Services, Inc.		EUR	4,950		USD	5,642		05/12/2022		160,352
Morgan Stanley Capital Services, Inc.		EUR	5,390		USD	5,938		05/12/2022		(31,805	)

35

Counterparty	Contracts to Deliver (000)			In Exchange For (000)			Settlement Date		Unrealized Appreciation/ (Depreciation)
Morgan Stanley Capital Services, Inc.		USD	3,495		NOK	30,669		06/17/2022	$	(12,965	)
Morgan Stanley Capital Services, Inc.		USD	806		SEK	7,606		06/17/2022		4,749
Standard Chartered Bank		JPY	131,945		USD	1,148		04/28/2022		64,102
State Street Bank & Trust Co.		CHF	401		USD	428		04/13/2022		(5,747	)
State Street Bank & Trust Co.		USD	232		CHF	215		04/13/2022		668
State Street Bank & Trust Co.		USD	179		CHF	163		04/13/2022		(2,128	)
State Street Bank & Trust Co.		AUD	383		USD	279		04/28/2022		(8,162	)
State Street Bank & Trust Co.		JPY	19,547		USD	169		04/28/2022		8,082
State Street Bank & Trust Co.		USD	169		AUD	230		04/28/2022		2,773
State Street Bank & Trust Co.		USD	169		JPY	19,547		04/28/2022		(8,836	)
State Street Bank & Trust Co.		GBP	246		USD	323		06/09/2022		(79	)
UBS AG		USD	4,736		EUR	4,139		05/12/2022		(151,834	)
									$	71,804

TOTAL RETURN SWAPS

Counterparty & Referenced Obligation

Rate Paid/ Received

Payment Frequency

Current Notional (000)

Maturity Date

Unrealized Appreciation/ (Depreciation)

Pay Total Return on Reference Obligation

Morgan Stanley Capital Services LLC

Swiss Market Index Futures

0.00

%

Monthly

CHF

719

06/17/2022

$

7,316

(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 March 31, 2022, the aggregate market value of these securities amounted to $812,642 or 0.3% 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) Affiliated investments.

(g) 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.

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

(i) As of March 31, 2022, the cost basis of investment securities owned was substantially identical for both book and tax purposes. Gross unrealized appreciation of investments was $75,314,704 and gross unrealized depreciation of investments was $(9,840,553), resulting in net unrealized appreciation of $65,474,151.

Currency Abbreviations:

AUD – Australian Dollar

CAD – Canadian Dollar

CHF – Swiss Franc

EUR – Euro

GBP – Great British Pound

JPY – Japanese Yen

NOK – Norwegian Krone

SEK – Swedish Krona

USD – United States Dollar

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Glossary:

ADR – American Depositary Receipt

CBT – Chicago Board of Trade

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

37

AB Variable Products Series Fund, Inc.

AB Dynamic Asset Allocation Portfolio

March 31, 2022 (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.

38

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 March 31, 2022:

Investments in Securities:	Level 1			Level 2			Level 3		Total
Assets:
Common Stocks:
Information Technology	$	34,988,339		$	4,008,977		$	—	$	38,997,316
Financials		15,278,890			8,342,236			—		23,621,126
Health Care		16,171,719			6,098,919			—		22,270,638
Consumer Discretionary		14,680,675			5,444,167			—		20,124,842
Industrials		10,178,739			7,130,912			—		17,309,651
Communication Services		11,574,400			2,120,013			—		13,694,413
Consumer Staples		7,449,555			4,812,822			—		12,262,377
Materials		3,874,830			3,910,943			—		7,785,773
Energy		5,456,618			1,937,384			—		7,394,002
Utilities		3,469,717			1,562,787			—		5,032,504
Real Estate		3,492,777			1,362,191			—		4,854,968
Governments - Treasuries		—			98,777,719			—		98,777,719
Options Purchased - Puts		—			1,052,654			—		1,052,654
Rights		—			—			517		517
Short-Term Investments		2,352,807			—			—		2,352,807
Investments of Cash Collateral for Securities Loaned in Affiliated Money Market Fund		2,205,536			—			—		2,205,536
Total Investments in Securities		131,174,602			146,561,724			517		277,736,843
Other Financial Instruments(a):
Assets:
Futures		73,159			—			—		73,159
Forward Currency Exchange Contracts		—			809,470			—		809,470
Total Return Swaps		—			7,316			—		7,316
Liabilities:
Futures		(428,385	)		—			—		(428,385	)
Forward Currency Exchange Contracts		—			(737,666	)		—		(737,666	)
Total	$	130,819,376		$	146,640,844		$	517	$	277,460,737

^(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.

39

A summary of the Portfolio’s transactions in AB mutual funds for the three months ended March 31, 2022 is as follows:

Fund	Market Value 12/31/2021 (000)		Purchases at Cost (000)		Sales Proceeds (000)		Market Value 03/31/2022 (000)		Dividend Income (000)
Government Money Market Portfolio	$	7,966	$	7,227	$	12,840	$	2,353	$	0	**
Government Money Market Portfolio*		1,312		4,569		3,675		2,206		0	**
Total	$	9,278	$	11,796	$	16,515	$	4,559	$	0	**

* Investments of cash collateral for securities lending transactions.

** Amount less than $500.

40